NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

BALANCE SHEET AS ON 31ST MARCH, 2016

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Note AS ON 31.03.16   AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
EQUITY AND LIABILITIES
Reserve & Surplus 2 23846.45 29818.35
Non-Current Liabilities
Other Long term liabilities 4 139.50 139.50
Long Term Provisions 5 13410.86 13673.53
Current Liabilities
Trade Payable 7 150.75 228.43
Other Current Liabilities 8 9396.26 12592.59
Short Term Provisions 9 5610.78 4448.80
Total 52554.60 60901.20
ASSETS
Non-Current Assets
(a) Fixed Assets
      (i) Tangible Assets-Gross Block 10A 11066.73 10873.17
           Less: Depreciation/Impairment/Provisions 7384.43 7083.49
3682.30 3789.68
     (ii) Intangible Assets-Gross Block 10A 4049.78 4049.78
           Less: Depreciation/Impairment/Provisions 4034.79 4032.48
14.99 17.30
    (iii) Capital Work-in-Progress 10B 115.21 139.40
     (v) Intangible Asset under development 10C 2594.79 1928.17
(b) Long Term Loans & Advances 12 177.44 176.05
( c) Other Non-Current Assets 13 0.00 0.00
Current Assets
a) Inventories 15 15241.56 5832.82
b) Trade Receivable 16 38.95 975.53
c) Cash & Cash Equivalents 17 1970.32 5127.10
d) Short Term Loans & Advances 18 28458.25 42648.17
e) Other Current Assets 19 260.79 266.98
Total Fund employed : 52554.60 60901.20
General Manager                     Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH, 2016

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NOTE-2

RESERVE & SURPLUS
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
GENERAL RESERVE
Surplus in  Profit & Loss Account
As per last Balance Sheet 29818.35 26996.49
Adjustment for Depreciation on Assets whose
Expired life has exceeded usefull life in terms of
schedule - II of the companies Act-2013 0.00 -95.65
Profit/Loss During the period -5971.90 2917.51
Profit/Loss available for appropriation 23846.45   29818.35
General Manager                      Dy. Genral Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH, 2016

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NOTE-4

OTHER LONG TERM LIABILITIES
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Security Deposits (Coal sale security) 139.50 139.50
139.50   139.50
General Manager                     Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-5

LONG TERM PROVISIONS
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
For Employee Benefits
       - Gratuity 8707.20 9327.11
       - Leave Encashment 1514.57 1470.87
       - Other employees benefits 352.11 570.89
For Foreign Exchange Transaction 0.00 0.00
OBR Adjustment 0.00 0.00
Mine Closure 2836.98 2304.66
For others
TOAL 13410.86 13673.53
General Manager                      Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-7

TRADE PAYABLE
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Sundry Creditors for Revenue Stores 150.75 228.43
150.75 228.43
General Manager                    Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-8

OTHER CURRENT LIABLITIES
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Loan from Coal India Limited 0.00 0.00
For Capital (including Stores) 0.00 0.00
For Expenses
Salary Wages & Allowances 831.64 918.56
Power & Fuel 155.51 111.27
Others 0.00 0.00
987.15 1029.83
Statutory Dues
Sales Tax/VAT 46.93 241.48
Provident Fund & Pension Fund 308.31 307.75
Central Excise Duty 0.00 0.00
Royalty & Cess on Coal 103.43 960.55
Stowing Excise Duty 1.70 14.21
Clean Energy Cess 0.00 0.00
MMDR 28.52 0.00
Other Statutory Levies 76.10
TDS / TCS 388.63 131.44
953.62 1655.43
Security Deposit 2873.56 2268.07
Earnest Money 214.37 272.86
Advance  & Deposits from customers 2072.82 4064.77
Other Liabilities 2294.74 3301.63
 
TOTAL 9396.26 12592.59
General Manager                    Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-9

SHORT TERM PROVISIONS
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
For Employee Benefit
 - Gratuity 2331.67 1896.12
 - Leave Encashment 202.51 208.62
 - PPLB 888.48 788.12
 - PRP 84.87 253.50
 - Non Refundable Fees for Retd. Employees Medicare 3.45 0.00
 - 3% Executive Pension 251.40 217.96
 - 6.84% Executive superanuation benefit 573.18 496.94
 - Other Empolyees Benefits 132.59 6.17
   
Excise Duty on Closing stock of Coal 1142.63 581.37
For others
 
TOTAL 5610.78 4448.80
General Manager                      Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-12

LONG TERM LOANS & ADVANCES
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
LOANS
LOANS TO EMPLOYEES & OTHERS
For House Building 2.55 3.29
For Motor Car and other conveyance 0.00 0.00
For others 0.00 0.00
2.55 3.29
ADVANCES
For Capital 0.00 0.00
Less: Provision for Doubtful Laons & Advances 0.00 0.00
0.00 0.00
For Revenue 0.00 0.00
Less: Provision for Doubtful Laons & Advances 0.00 0.00
0.00 0.00
Security Deposits 0.00 0.00
Less: Provision for Doubtful Laons & Advances 0.00 0.00
0.00 0.00
Deposit for P & T, Electricity etc. 174.89 172.76
Less: Provision 0.00 0.00
174.89 172.76
TOTAL 177.44 176.05
CLASSIFICATION :-
Considered Good 177.44 176.05
Considered Doubtful 0.00 0.00
General Manager                      Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-13

OTHER NON-CURRENT ASSETS
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Exploratory Drilling Work 0.00 0.00
Less : Provision 0.00 0.00
0.00 0.00
Other Receivable 30.74 30.74
Less: Provision 30.74 30.74
0.00 0.00
TOTAL 0.00 0.00
CLASSIFICATION :-
Considered Good 0.00 0.00
Considered Doubtful 30.74 30.74
General Manager                    Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-15

INVENTORIES
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Stock of Coal 15092.24 5636.75
Less: Provision 0.00 0.00
A) Stock of Coal (Net) 15092.24 5636.75
 
 
Stock of Stores & Spare parts (weighted average) 257.69 295.33
Stores-in-Transit 0.00 0.00
Less: Provision for Slow/Non-moving 115.73 106.49
 
B) Net Stock of Stores & Spares  141.96 188.84
 
C) Stock of Medicine at Central Hoapital 7.36 7.23
 
TOTAL 15241.56 5832.82
 
General Manager                     Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-16

TRADE RECEIVABLE
Debts outstanding for Period Exceeding Six  AS ON 31.03.16 AS ON 31.03.15
months from due date (Rs. in Lakhs) (Rs. in Lakhs)
Secured Considered Goods
Unsecured Considered Goods 38.84 44.84
Doubtful 1073.38 1073.38
   
1112.22 1118.22
Less :Provision for Doubtful Debts 1073.38 1073.38
38.84 44.84
OTHER DEBTS
Secured Considered Goods
Unsecured Considered Goods 0.11 930.69
Less: Provision for Bad & Doubtful Debt 0.00 0.00
TOTAL 38.95 975.53
CLASSIFICATION :-
Considered Good 38.95 975.53
Considered Doubtful 1073.38 1073.38
General Manager                     Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-17

CASH AND CASH EQUIVALENTS
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Cash in hand 1.80 1.52
Cheque, Drafts,Stamps in hand 0.00 0.00
Remittance-in-transit 0.00 0.00
Balance with Scheduled Banks
           - In Current Account 1734.56 4928.98
           - In Cash Credit Account 0.00 0.00
           - In Deposits Account 233.96 196.60
                 (Term Deposit for One Year)
1970.32 5127.10
General Manager                    Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-18

SHORT TERM LOANS & ADVANCES
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
LOANS
ADVANCE TO SUPPLIERS & CONTRACTORS
For Revenue 22.78 23.05
Less: Provision for Doubtful Laons & Advances 21.96 22.13
0.82 0.92
ADVANCE TO SUPPLIERS & CONTRACTORS
CAPITAL 37.63 0.00
ADVANCE PAYMENT OF STATUTORY DUES
Central Excise Duty 0.43 97.31
Clean Energy Cess 31.85 10.73
Swach Bharat Cess 0.00 0.00
Less: Provision for Doubtful Advances 0.00 0.00
32.28 108.04
Cenvat credit receivable 455.86 8.72
Advance Income Tax/ Tax deducted at source 7.90 22.78
Others 88.84 87.64
Advance to employees 258.31 384.23
Less: Provision for Doubtful Advances 0.00 0.00
258.31 384.23
Current Account with Coal India Ltd. 27576.61 42035.84
Current Account with CMPDIL 0.00 0.00
Claim Receivable 193.77 193.77
Less: Provision for Doubtful Claim 193.77 193.77
0.00 0.00
Prepaid Expenses
TOTAL 28458.25 42648.17
CLASSIFICATION :-
Considered Good 28458.25 42648.17
Considered Doubtful 215.73 215.90
General Manager                     Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO BALANCE SHEET AS ON 31ST MARCH,2016

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NOTE-19

OTHER CURRENT ASSETS
AS ON 31.03.16 AS ON 31.03.15
(Rs. in Lakhs) (Rs. in Lakhs)
Interest Accrued
             - Deposit with Bank 10.35 9.74
Other Advances 0.00 0.00
DEPOSITS
Deposit for Royalty,Cess & Sales Tax 0.00 0.00
Others 81.99 81.99
Assam Land Tax Recoverable 0.00 66.44
Other Receivable 168.45 108.81
Total 260.79 266.98
General Manager                     Dy. General Manager(Finance).

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

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PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31ST MARCH'2016

(Rs. in Lakhs)
Note No Y/E 31.03.16   Y/E 31.03.15
    INCOME  :
(i) Revenue from Operation
(A) Sale of Coal 21273.82 48491.35
       Less - Excise Duty -1151.22 -2687.11
        - Other Levies -3807.94 -7605.44
       Net Sales 20 16314.66 38198.80
(B) Other Operating Revenue 218.36 521.41
      Less:  Excise Duty 11.70 25.67
      Other Levies 6.68 12.40
      Net Other Operating Revenue 199.98 483.34
     Revenue from Operation (A+B) 16514.64 38682.14
(ii) Other Income 21 1961.94 451.69
TOTAL  REVENUE (i+ii) 18476.58 39133.83
 (B) EXPENDITURES :
Cost of Material consumed 22 1031.77 1687.19
Change in inventories of finished goods 23 -9455.49 -1822.11
Employees' Benefit Expenses 24 20188.93 20360.31
Power & Fuel 676.82 629.55
CSR Expenses 25 0.00 9.24
26 177.21 378.78
Contractual Expenses 27 9123.05 12663.01
Finance Cost 28 2.06 1.83
Depreciation / Amortisation / Impairment 414.06 379.51
Provisions 29 173.88 337.37
Write offs 30 0.00 0.00
Other Expenditures 31 2116.19 1591.64
Total Expenses 24448.48 36216.32  
Profit for the period -5971.90 2917.51
Prior Period Adjustment 32 0.00 0.00
Profit for the period C/D to Balance Sheet -5971.90 2917.51

 

NORTH EASTERN COALFIELDS
COAL INDIA LIMITED
MARGHERITA: ASSAM.

NOTE TO PROFIT & LOSS ACCOUNT FOR THE
YEAR ENDED 31.03.2016

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NOTE-20

REVENUE FROM OPERATION (Rs. in Lakhs) (Rs. in Lakhs)
Y/E 31.03.16 0.00
(A)    Gross Sales 21273.82 48491.35
         Less:Excise Duty, EDU Cess & SHE Cess 1151.22 2687.11
20122.60 45804.24
        Less : Statutory Levies :
        Royalty  2155.51 4948.74
        MMDR 28.52
       Stowing Excise Duty 34.19 73.29
       Central Sales Tax 278.90 767.63
       Clean Energy Cess 718.04 809.91
       State Sales Tax 366.25 448.44
       Other Levies 170.94 366.45
       Tax Collected at Source 55.59 190.98
       Total Levies 3807.94 7605.44
       Net Sales 16314.66 38198.80
(B)  Subsidy for Protective Works 5.11 65.59
       Recovery of Transportation & Loading Cost 213.25 455.82
     Other Operating Revenue 218.36 521.41
       Less : Excise Duty 11.70 25.67
                   Central Sales Tax 2.77 6.79
                   State Sales Tax 3.32 3.96
                   Tax Collected at Source 0.59 1.65
       Other Operating Revenue (B) 199.98 483.34
(C ) Revenue from Operation (A+B) 16514.64 38682.14