review
AMBUJA CEMENTS LIMITED
ANNUAL REPORT 2013
OUR VISION
TO BE THE MOST SUSTAINABLE
AND COMPETITIVE
COMPANY IN OUR INDUSTRY
OUR MISSION - CREATE VALUE FOR ALL
Delighted Customers | Inspired Employees | Enlightened Partners
Energised Society | Loyal Shareholders | Healthy Environment
CONTENT
Chairman’s Letter
05
Financial Highlights of 5 Years
07
I Can - Some Highlights
08
Directors’ Report and Management Discussion & Analysis
14
Annexure to Directors’ Report:
Conservation of Energy & Technology Absorption
35
Corporate Governance Report
38
Business Responsibility Report for the Year 2013
56
Auditor’s Report
65
Financial Statements
68
Consolidated Accounts with Auditor’s Report
95
Notice
02
124
GIVE A MAN ORDERS
AND HE WILL DO THE TASK
REASONABLY WELL.
BUT LET HIM SET HIS
OWN TARGETS, GIVE HIM
THE FREEDOM
AND THE AUTHORITY AND
HIS TASK BECOMES
A PERSONAL MISSION:
‘I CAN’.
CORPORATE INFORMATION
CHAIRMAN EMERITUS
Mr. Suresh Neotia
BOARD OF DIRECTORS
Mr. N. S. Sekhsaria - Chairman
Mr. Paul Hugentobler
- Vice Chairman (up to 6th February, 2014)
Mr. Bernard Fontana
Mr. Bernard Terver (w.e.f. 4th December, 2013)
Mr. Nasser Munjee
Mr. Rajendra P. Chitale
Mr. Shailesh Haribhakti
Dr. Omkar Goswami
Mr. Haigreve Khaitan
Mr. B. L. Taparia
Mr. Onne van der Weijde - Managing Director
DY. MANAGING DIRECTOR
& CHIEF EXECUTIVE OFFICER
Mr. Ajay Kapur (w.e.f. 1st August, 2013)
CHIEF FINANCIAL OFFICER
Mr. Sanjeev Churiwala
COMPANY SECRETARY
Mr. Rajiv Gandhi
04
BUSINESS HEADS
Mr. J. C. Toshniwal (North)
Mr. Vilas Deshmukh (West & South)
Mr. Vivek Agnihotri (East)
AUDITORS
M/s. S. R. Batliboi & Co. LLP (Statutory Auditors)
P. M. Nanabhoy & Co. (Cost Auditors)
CORPORATE OFFICE
Elegant Business Park
MIDC Cross Road ‘B’
Off Andheri-Kurla Road
Andheri (E), Mumbai 400 059
REGISTERED OFFICE
P. O. Ambujanagar, Tal. Kodinar
Dist. Gir
ANNUAL REPORT 2013
OUR VISION
TO BE THE MOST SUSTAINABLE
AND COMPETITIVE
COMPANY IN OUR INDUSTRY
OUR MISSION - CREATE VALUE FOR ALL
Delighted Customers | Inspired Employees | Enlightened Partners
Energised Society | Loyal Shareholders | Healthy Environment
CONTENT
Chairman’s Letter
05
Financial Highlights of 5 Years
07
I Can - Some Highlights
08
Directors’ Report and Management Discussion & Analysis
14
Annexure to Directors’ Report:
Conservation of Energy & Technology Absorption
35
Corporate Governance Report
38
Business Responsibility Report for the Year 2013
56
Auditor’s Report
65
Financial Statements
68
Consolidated Accounts with Auditor’s Report
95
Notice
02
124
GIVE A MAN ORDERS
AND HE WILL DO THE TASK
REASONABLY WELL.
BUT LET HIM SET HIS
OWN TARGETS, GIVE HIM
THE FREEDOM
AND THE AUTHORITY AND
HIS TASK BECOMES
A PERSONAL MISSION:
‘I CAN’.
CORPORATE INFORMATION
CHAIRMAN EMERITUS
Mr. Suresh Neotia
BOARD OF DIRECTORS
Mr. N. S. Sekhsaria - Chairman
Mr. Paul Hugentobler
- Vice Chairman (up to 6th February, 2014)
Mr. Bernard Fontana
Mr. Bernard Terver (w.e.f. 4th December, 2013)
Mr. Nasser Munjee
Mr. Rajendra P. Chitale
Mr. Shailesh Haribhakti
Dr. Omkar Goswami
Mr. Haigreve Khaitan
Mr. B. L. Taparia
Mr. Onne van der Weijde - Managing Director
DY. MANAGING DIRECTOR
& CHIEF EXECUTIVE OFFICER
Mr. Ajay Kapur (w.e.f. 1st August, 2013)
CHIEF FINANCIAL OFFICER
Mr. Sanjeev Churiwala
COMPANY SECRETARY
Mr. Rajiv Gandhi
04
BUSINESS HEADS
Mr. J. C. Toshniwal (North)
Mr. Vilas Deshmukh (West & South)
Mr. Vivek Agnihotri (East)
AUDITORS
M/s. S. R. Batliboi & Co. LLP (Statutory Auditors)
P. M. Nanabhoy & Co. (Cost Auditors)
CORPORATE OFFICE
Elegant Business Park
MIDC Cross Road ‘B’
Off Andheri-Kurla Road
Andheri (E), Mumbai 400 059
REGISTERED OFFICE
P. O. Ambujanagar, Tal. Kodinar
Dist. Gir