BASIC FOUNDATION OF J K CEMENT TYPE : cement industry FOUNDED : 1888 FOUNDER : Lala juggilal singhana & lala kamlapat singhania HEADQUATERS : New Delhi,India PRODUCTS : cement, tyre ,paper , software REVENUE : 2 Indus Business Academy,Greater Noida
INTRODUCTION J.K.Cement started its commercial production in May 1975 in its first plant Nimbahera in Rajasthan. The company was incorporated in the year 1994 The company has two manufacturing facilities located at Nimbahera and Mangrol in the state of Rajasthan The company produces white cement and its production unit is located in Gotan at Rajasthan J K Cement produces ordinary Portland cement of 53–grade, 43–grade and 33–grade It markets these cements under the brand name J K cement and Sarvashakitman It also manufactures Portland Pozzolana Cement and markets it under the name J K Super It markets white cement under the name J K White and Camel J.K. Cement has introduced water repellent material in powder form It has also introduced white cement based putty for plastering walls and ceiling and sells the same under the name JK Wall Puty 3 Indus Business Academy,Greater Noida
Company portfolio The Company is the second largest manufacturer of white cement in India, with an annual capacity of 600,000 tonnes in India We are also the second largest producer of Wall putty in the country with an annual installed capacity of 5,00,000 tonnes J.K. Cement was the first Company to install a captive power plant in the year 1987 at Bamania, Rajasthan Today at its different locations, the Company has captive power generation capacity of over 140.MWs which include 23 MW of waste heat recovery power plants The plant at Fujairah has a capacity of 0.6 million tonnes per annum for White Cement with a flexibility to change over its operation to produce upto 1 million tonnes per annum of Grey Cement 4 Indus Business Academy,Greater Noida
Cont.... J.K. Cement Ltd is an affiliate of the multi-disciplinary industrial conglomerate J.K. Organisation which was founded by Lala Kamlapat Singhania For over four decades, J.K. Cement has partnered India's multi- sectoral infrastructure needs on the strength of its product excellence, customer orientation and technology leadership Our operations commenced with commercial production at our first grey cement plant at Nimbahera in the state of Rajasthan in May 1975 Subsequently the Company also set up 2 more units in Rajasthan at Mangrol and Gotan In the year 2009 the Company extended its footprint by setting up a green-field unit in Muddapur , Karnataka giving it access to the markets of south-west India 5 Indus Business Academy,Greater Noida
SUBSIDIARY COMPANY J.K. Cement Ltd. has formed a wholly owned subsidiary namely J.K. Cement (Fujairah) FZC and step down subsidirary J.K Cement Works (Fujairah) FZC in the Free Zone of Emirate of Fujairah, UAE for setting up a dual process White cum Grey Cement plant with an installed capacity of 0.6 million tonnes per annum White Cement or 1.0 million tonnes per annum Grey Cement The production of White Cement has started and the first dispatch was done on 3rd March 2014 The quality of the product has been well accepted in the market and registration formalities for sale in various countries is being carried out 6 Indus Business Academy,Greater Noida
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Listing of company Key Dates: Year Ending Month Mar AGM Date Month Jun Book Closure Date Jun Listing Information BSE Code 500380 NSE Code JKLAKSHMI Listing on: Listed on Bombay stock exchange, National stock exchange 11 Indus Business Academy,Greater Noida
Significant accounting policies Accounting Concepts Use of Estimates Fixed Assets Depreciation and amortisation: I) Tangible Assets II) Intangible Assets Impairment of Assets Government Subsidies Investments Inventories Sales Borrowing Cost Retirement Benefits Foreign Exchange Transactions Provision for Current and Deferred Tax Mines Restoration Expenditure Operating leases Provision/Contingency 12 Indus Business Academy,Greater Noida
Director report 1. The directors submit annual report of J K Cement company along with the audited financial statements for the financial year ended March 31, 2015. 2. The statement as required under Section 129 of the Companies Act, 2013, in respect of the subsidiaries of the Company viz. J.K. Cement (Fujairah) FZC and J.K. Cement Works (Fujairah) FZC is annexed and forms an integral part of this Report. 3. Your Directors are pleased to recommend dividend of Rs. 4 per equity share of face value of Rs. 10 each 4. Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the Notes to the Financial Statements. 5. The Company has a structured induction process at all locations. Objective appraisal systems based on Key Result Areas (KRAs) are in place for Senior Management Staff. The Corporate HR is effectively involved in nurturing, enhancing and retaining talent through job satisfaction, management development programme, etc. Indus Business Academy,Greater Noida 13
AUDITOR REPORT We have audited the accompanying standalone financial statements of J.K. CEMENT LIMITED ("the Company"), which comprise the Balance Sheet as at 31st March, 2015, the Statement of Profit and Loss for the year then ended, and a summary of the significant accounting policies and other explanatory information The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performances of the Company. in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies Indus Business Academy,Greater Noida 14