PAPERS TO BE LAID ON THE TABLE OF LOK SABHA/RAJYA SABHA
AUTHENTICATED
RAKSHA MANTRI
CONTENTS
• • • • • • • • • • • • • • • Board of Directors Chairman's Address Notice Directors’ Report Comment of the Controller and Auditor General of India Auditors' Report Balance Sheet Profit & Loss Account Schedules to the Accounts Notes Forming Part of Accounts Balance Sheet Abstact & Company's General Business Profile Cash Flow Statement Social Overheads Last ten years at a Glance Ships Built 1 3 6 10 21 28 33 34 35 45 59 60 61 63 65
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: "M.V. Good Pride" 53,000 DWT Daimond series the biggest Bulk carrier built at HSL for M/s. Goodearth Maritime Limited, Chennai. : Repair of Mobile off shore Drill Ship Sagar Vijay of ONGC
BOARD OF DIRECTORS
Cmde. NARESH KUMAR, VSM, IN (Retd) Shri RAKESH MAHAJAN Shri GYANESH KUMAR, IAS VAdm. N.N. KUMAR, AVSM, VSM Capt. P.V.K. MOHAN Shri VINEET GARG, IAS Dr. T.R.K. RAO, IRTS Shri Rajneesh Gupta, IAS Shri K.V. Brahmananda Reddy, IRAS
Chairman & Managing Director Director (Finance & Commercial) Director (from 22-02-10) Director (from 22-02-10) Independent Director (from 06-06-08) Director (from 16-7-09 to 22-2-10) Director (from 6-8-09 to 22-2-10) Director (upto 16-7-2009) Director (upto 6-8-2009)
COMPANY SECRETARY Shri INAITULA BAIG
BANKERS Indian Bank State Bank of India UCO Bank Syndicate Bank Corporation Bank Canara Bank AUDITORS M/S. G.R.KUMAR & CO. Chartered Accountants 9, Merrylife Apartments, Doctor’s Colony, Pedda Waltair, Visakhapatnam – 530 017.
REGISTERED OFFICE 209 & 209A, Vikram Tower 16, Rajendra Place New Delhi-110 008 Phone Fax : 011-25737425 : 011-25730029
HEAD OFFICE & WORKS Gandhigram, Visakhapatnam – 530 005 Phone : 0891-2577404/2577437/ 9493792132 (PRO) 9493792351 (PRO Office) Fax Web : : 0891-2577502/356/667 hsl@hslvizag.com www.hsl.nic.in E-mail :
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CHAIRMAN’S ADDRESS
Dear Shareholders, I have great pleasure in welcoming you to this