Modelos equivalente para alta frecuencia

Returning the goods by customer or damages at the time at storing in the factory go down covers the risk factor. All the above risks are reduced to a great extend with the help of insurance.

PRODUCTION AND SALES

The commercial production started in 1985. Following chart will show the production and sales of titanium dioxide in past 10 years.

MARKET RESERCH ACTIVITIES OF KMML MAIN OBJECTIVES

1) To find out the general impression of KMML products in the titanium dioxide marketing of India.

3) To ascertain whether demand exists in the Indian market. If we under take the proposed expansion of 6000 million tonnes.

4) Equivalent grade needed in market. New product development

A new hydrophobic plastic grade pigment RC804 was developed by the effort of in house R and D of our company. The trial production of the same, approximately 100

times was taken successfully. The sample has been tested at CIPET Hyderabad and found to be comparable to competitive international grade pigment.Free samples were given to customers for their evaluation after which bulk orders were received and the entire material could be sold out.

FINANCIAL DEPARTMENT

ORGANIZATIONAL CHART OF FINANCEDEPARTMENT FINANCE DEPARTMENT

Finance is the lifeblood of every business. This is one of the most important departments. In KMML a well organized finance department is functioning. The finance position of the company can be understood by Balance Sheet and Profit and Loss Account, prepared budget report according to the company s goal s is also an important function of the finance department.

Accounting Policy of KMML 1) Convention

The final statement are prepared under the historical cost convention in accordance with applicable accounting standard that was relevant to presentational requirement of the Companies Act 1956.

2) Fixed Assets

Fixed assets are stated at cost of acquisition and additional if any, less accumulated depreciation, is provided at rates and methods prescribed in the schedule XIV of the Companies Act on straight line method in respect of plant and machinery and railway sliding belonging to TiO2 pigment unit. And written down value method in respect of all the asset of the company. The depreciation is calculated on the basis of

Companies Act and for income tax audit it is added to the profit and recalculated as per the audit rules.

3) Excise duty

Excise duty on manufactured is accounted for as and when goods. Are dispatched is accordingly no provisions is made in respect of duty due on goods manufactured, but not dispatched nor included in valuation of stock.

4) Gratuity

Gratuity liability and leave is accounted on the basis of actuarial valuation. 5) Inventory System

and stores are valued at weighted average cost on mont ADJUSTMENT PER TRAINING TO EARLY YEARS

Adjustment arising out of errors or omission in the financial statement of earlier years are prior period item, if the amount involves is Rs.100000/- or more in each case. FUNCTIONS OF ACCOUNTING SECTION OR FINANCE DEPARTMENT

The company maintains a clear and perfect accounting system. The main activity of the Finance Department is Working Capital Management. Preparation of Fund statement, cash Flow Statement, Balance Sheet. Profit and Loss Account etc are also he activities of Financial Department. Secretarial work relating to Board comes under the review of the Finance Department. Most of the activities carried out by the Finance Department are pertaining to long term and short term requirements of the operation, closing purchase bill, maintaining the account of contractors,

subcontractors, income tax deduction, salary discrepancy, dealing with the financial institutions with imports and exports are also the functions of the Financial

Department.

The Functions are:-

1) Purchase Are Recorded And Analyzed

The Finance Department of the company keeps the accounts of purchase of spare parts, chemicals etc and accounting entries are made in the books of accounts of the company on day to day basis, on the basis of bills and supporting vouchers of each item. Each voucher is essentially numbered to avoid discrepancy. The company makes only miscellaneous purchase, as the main raw material is mineral sand. The department analyses the details of purchases afterwards.

2) Salary Section And Pay Division

The main function of the department is preparation and disbursement of salary of officers, members of office staff and workers. The department keeps salary register pertaining to each of the above sections, which facilitates charges in salary due to granting of annual increments and deduction due from the salary. The disbursing of salary is crediting the amount to the respective bank account of the employee. The department is sending a detailed list of salaries; they have arranged an ATM counter of ICICI Bank in the company compound. Certain employees are paid by cheque. The department is maintaining sub ledgers for deductions made in the salary such as PF, Insurance Premium Advance, Income Tax etc. Another important function is computation of income Tax. Its deductions and prompt remittance to IT Department.

3) Sales and Revenue Accounting

The department is calculating and paying sales tax and central excise duty to the concerned Government every year. The Government is earning a total income of Rs.44 crores and Rs.14 crores by way of excise duty and sales tax duty from the company.

4) Cash and Bank Transactions

The department does all the matters relating to the day-to-day cash transactions. They receive and make payment for purchase and sales. The company is allowed to collect cash up to the limit of Rs.20000/- is carried out by cheque or DD as per direction of the Tax Authority.

5) Major Banks of the Company

ICICI, SBI, SBT, Standard Chartered Bank, Canara Bank, Central Bank of India. 6) Costing

Annual budget and cost sheet is prepared at the outset of every year and on the basis of the department fixes the floor price of each product of the company. 7) Calculation of Depreciation

The department calculates the depreciation. Depreciation is provided on straight-line method in the case of plant and machinery of Titanium Pigment Unit and written down value method in case of other assets of the company.

AUDITING

Auditors are appointed by the Government for a period of one Year. There exist an external audit and internal audit.

Internal Audit:- These are part of the organization. There is an internal auditing sector. They are in the charge of periodical audit.

External Audit:- They are as follows:- - Statutory Audit

- Account General s Audit - Inspection Audit

- Sales Tax Audit - Income Tax Audit - Cost Audit

-

March 2003. Production of the company for the year 2000-2005 is given below. Production Year TiO2 Pigment Minerals (llmenite)

2000-01 22815 10823 2001-02 25426 11647 2002-03 25612 17945 2003-04 25921 19138 2004-05 26859 21555

During the year 2002-2003 Company has achieved a record production of 25612 MT as against 25426 achieved during the previous year. Similarly, the production in the MS unit has also increased from 10823 MT to 17945 MT. This is mainly because of adding two more magnetic separators in the old plant. Modernization of MS plant o\is nearing completion and when the same is completed anticipated production would be 45000 to 50000 MT per annum

FINANCIAL RESULTS

Financial results of your company for the year under review and previous year are given below.

Particulars 2006-2007 (Rs. In lakhs) 2005-2006 (Rs. In lakhs)

Total gross turn over 32854.54 32304.14 Gross profit before interest and depreciation 3079.60

2594.06

Profit before tax 2243.24 1782.05

Profit after tax and prior period adjustment 1121.07

1115.27

Transfer to general reserve 92.79 0.00 Capital employed 43851.73 43075.03 Internal generation 1885.43 1601.24

Particular As per Schedule 2006-2007 (Rs. In lakhs) 2005-06 (Rs in Lakh) Income Gross sales Less:Excise Duty Net Sales Other Income Stock Differential O P 32854.54 3280.05 29574.49 1776.80 2959.55 32304.14 3337.07 28967.07 1483.14 1008.46 Total 34311.02 31458.67 EXPENDITURE Manufacturing Expenses

ayments and Benefits Employees Administrative selling and

Other Expenses

Interest and Finance Charges Depreciation

rofit Before Tax

Less: Prior Period items Doubtful advances Profit after Prior Period

Adjustment

Less: Provision for Current Taxation

Less: Provision for Deferred Tax

Less: Provision for FBT Less: Prior year adjustments relating to Income tax

rofit for the year

rofit & Loss account Balance Brought Forward

Amount available for appropriations roposed Dividend

Tax on Dividend Transfer to Reserves

Surplus Transferred to Balance Sheet

Earnings Per Share (Basic and Diluted)

Refer Note 27 0f Schedule T K L M N R Q S 23859.88 6783.54 583.00 72.00 764.36 2243.24 7.67

158.50 2077.07 900.00 116.08 56.00 0.00 1237.15 23662.66 24899.81 309.33 52.57 92.79 24445.12 39.99 22085.60 6165.78 613.23 73.38 738.63 1782.05 8.78 0.00 1773.27 625.00 0.18 33.00 252.48 862.61 22800.05 23662.66 0.00

0.00 0.00 23662.66 27.89

Significant Accounting Policy Notes forming Part of Accounts U T

BALANCE SHEET AS AT 31 ST MARCH 2007

Particulars As per Schedule 2006-2007 (Rs. In lakhs 2005-2006 (Rs. In lakhs) SOURCES OF FUNDS

Share holders funds Share Capital

Reserves & Surplus Deferred Tax Liability A B C 3093.27 40575.71 182.75 3093.27 39700.46 298.83 Total 43851.73 43092.56 Application of Funds Fixed assets

Capital work in progress Investments

Current assets

Loans and Advances Less : Current Liabilities Less : Provisions

Net Current Assets

Miscellaneous expenditure

(To the extent not written off or adjusted)

Significant Accounting Policy Notes forming Part of Accounts R F G H I D E J U T 22531.31 18968.74 41500.05 5895.47 12554.58 18450.05 11746.84 9037.29 17.60 23050 0.00 27130.94 18975.96 46106.90 6577.63 11775.42 18353.05 10157.90 5163.18 0.10

27753.85 17.53

TOTAL 43851.73 43092.56 WORKING CAPITAL

Year Current Year Loans and advance Current liability Provision Working capital 2004-05 29187.84 23718.91 4183.87 16521.69 32201.19

2005-06 27130.94 18975.96 6577.63 11775.42 27753.85 2006-07 22531.31 2004-05 29187.84 12554.58 23050.00

Working capital refers to that part of the firm s capital which is required for financing short term or current asset such as cash, marketable securities, debtors and

inventories. It is a measure of both a company s efficiency and its short term

financial health. If the working capital is positive it means the company is able to pay off its short term liabilities. If it is negative company is unable to meet its short term liabilities with its current assets. If a company s current asset do not exceed its liabilities then it may run into trouble paying back creditors in the short term. So if a company working in the most efficient manner (slow collection) it will show up as an increase in the working capital

PRODUCTION DEPARTMENT

ORGANISATION CHART OF PRODUCTION DEPARTMENT PRODUCTION DEPARTMENT

KMML always maintain high standard of perfection by achieving technical excellence in every phase of production. Catering to strict guideline, KMML offers a wide range of products for quality conscious customers. Their products go in to the manufacture of variety of products used in every day life. Paint material, facial creams, tablets, newsprint, rubber products, cosmetics and printing inks all contain TiO2 .

This department undertakes activities and decision regarding the production work. Deputy General Manager (production and maintenance) controls the activities of the department. Production of TiO2 is carried out in lot wise with specific lot number. Each lot contain 15 MT of TiO2 , samples are collected from production at specific intervals and examined thoroughly in the laboratory or the company. If any defect is identified, then the lot is considered as inferior quality.

independent production units in KMML. The TP unit is divided in to three plants. ¢ Illmenite Beneficiation Plant

¢ Acid Regeneration Plant ¢ Pigment

MINERAL SEPERATION PLANT

The MS plant was originally established in 1932 in the private sector. Several machineries were added in the course of time. This plant situated by the side of the open mines, does the separation of the minerals from the beach sand. The raw sand is first concentrated in spiral separation to enrich the heavy mineral content. The wet concentrate is then dried in fluidized bed drier and then fed to the dry separation plant. Magnetic separation and HT separation separate different minerals. The plant also separates Rutile and Zircon from the sand.

TITANIUM DIOXIDE PIGMENT PLANT

TiO2 Pigment manufacturing process of KMML based on chloride route, the process consist of following steps.

Reduction and leaching of raw illmenite of 90-92% TiO2 (illmenite Beneficiation) Regeneration of spent Hydrochloride acid for minimum pollution.

Conversion of beneficiated illmenite to TiO2 pigment ILLMENITE BENEFICIATION PLANT

Here the raw illmenite containing 58-60% TiO2 is beneficiated to 90% TiO2 content. The beneficiated illmenite is the raw material for the pigment production plant. The ferric oxide in the raw illmenite is subjected to high temperate of 8500c. The reduced illmenite then cooked and sent to digesters where it is leached with 18-20%

Hydrochloric acid. The spent leach liquor is sent to storage tanks. The leached illmenite after washing and filtering is calcined to get beneficiated illmenite. ACID REGENERATION PLANT

The spend leach liquor from the pre concentrator is processed in to the spray roaster in which the liquid spray entering the furnace is heated by the burning oil. The spend liquor then decomposes to metallic oxides and hydrochloric acid. The hydrochloric acid vapor is first cooled in pre concentrator and then absorbed in the wash liquor generated in the IBP to get 18% HCI which is recycled back to IBP. The

unobservable gases are scribbled with water before venting to the atmosphere. The metal oxide consisting of mainly iron oxide are slurred with water and routed to the slurry panel.

PIGMENT PRODUCTION PLANT

The pigment production plant has three units: 1. Chlorination plant

2. Oxidation plant

3. Surface Treatment and Pigment Finishing Plant CHLORINATION PLANT

This unit beneficiated illmenite from chlorinated as reducing atmosphere to produce Titanium Tetra Chloride (TiCl4). Chloride reacts with Titanium Chloride and other metallic oxides. Beneficiated in the illmenite in the pressure petroleum coke at a temperature of 800-900c in fluidized bed chlorination to produce chlorides are condensed and purified to obtain pure TiCl4 liquid, which is stored in the storage vessel.

OXIDATION UNIT

In this unit raw pigment grade TiO2 is produced by reacting pure TiCl4 and oxygen with at a temperature of about 1000c in a reactor after preheating the TiCl4 in a pure heater having suspended in code tubes to carry the Titanium Chloride vapor. TiO2 raw pigment obtained for this unit is scurried with water pumped storage tanks for further processing in the pigment-finishing unit the chlorine is liberated back to the chlorination unit.

Oxygen and chlorine are required for oxidation and chlorination. PIGMENT FINISHING UNIT

The unit-dispersed slurry from oxidation unit is passed through the different subsections of the unit via, sound milling and classification treatment filtration, drying, micronisation, scrubbing, cooling and bagging. In the treatment section chemicals are added. Give a coating to the pigment is reduced to two microns to be micronisation treatment. The hot micronised pigment is cooled and pneumatically conveyed to the final storage bin, this product is then bagged in paper bags of 25 kg each stacked on woolen pallets (40 bags/pallets) and dispatched.

AIR SEPERATION PLANT

This unit has been designated by M/s Lair Linde, France and supplied through M/s BHPV Ltd Visakapattanam. The Oxygen and Nitrogen are required for the process in the Oxidation and chlorination unit. This plant has a capacity to produce the

following.

1 Gaseous N2 “ 1500 Nm/hr (50 MTD) 99.8% purity 2 Gaseous N2 “ 1800 Nm/hr (50 MTD) 99.5% purity 3 Liquid O2 “ 37.5Nm/hr (2.5 MTD) 99.5% purity 4 Liquid N2 “ 45Nm/hr (2.5 MTD) 99.5% purity IRON OXIDE BRICKS PLANT

An iron oxide brick is a building material produced KMML. The materials used for the production of iron oxide bricks are:-

1. Iron oxide 2. Lime 3. Cement 4. River sand 5. Sodium silicate

The company has been facing a problem in the waste disposal areas. This problem is mainly connected with the disposal of iron oxide slurry, which has been coming outside from acid regeneration unit as a waste. In order to dispose the iron oxide powder the company started to produce the iron oxide bricks in the plant. At present the company is using this product for its domestic purpose such as constructing compound wall, floor etc.

BASIC PROCESSING STEPS Beach sand

Mineral separation unit

Illmenite Rutile Leucoxene Zircon Sillimenite Monazite

60% TiO2 95% TiO2 75% TiO2 65% TiO2 65% TiO2 57% TiO2 TiO2 Pigment Unit

Illmenite beneficiation spent acid Acid Regeneration Plant (IBP) Plant (ARP)

Synthetic Rutile Hydrochloric acid Iron Oxide Chlorinator Brick

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