Rajasthan State Mines & Minerals Limited

Annual Report 2006-2007

S.SCHEDULE 'A' SHARE CAPITAL

AUTHORISED

Particulars	As at 31st March, 2007 (Rs.)	As at 31st March, 2006 (Rs.)
8,00,00,000 Equity shares of Rs. 10/- each	80,00,00,000	80,00,00,000

(Previous Year 8,00,00,000 equity shares of Rs. 10/- each)

ISSUED, SUBSCRIBED AND PAID-UP

Particulars	As at 31st March, 2007 (Rs.)	As at 31st March, 2006 (Rs.)
7,75,51,500 Equity Shares of Rs. 10/- each fully paid-up	77,55,15,000	77,55,15,000

(Previous year, 7,75,51,500 Equity shares of Rs. 10/- each fully paid-up)

of the above

I 19,09,371 Equity shares issued as fully paid-up for consideration other than cash.
II 1,00,000 Equity Shares issued as fully paid-up Bonus Shares on Capitalisation of Reserve.
III 57,15,500 Equity shares issued as fully paid-up to Shareholders of erstwhile RSMDC Ltd in

S.SCHEDULE 'L' MISCELLANEOUS EXPENDITURE (TO THE EXTENT NOT WRITTEN OFF OR ADJUSTED)

Particulars	Opening Balance 01/04/2006 (Rs.)	Additions/ Adjustments During the Year (Rs.)	Written off (Rs.)	Closing Balance 31/03/2007 (Rs.)
Development Expenditure on Mines (Including Survey & Prospecting)	6,60,35,297	4,02,33,197	14,58,995	10,48,09,499
Payment under employee VRS Scheme	39,50,263	90,83,361	64,31,648	66,01,976
Total	699,85,560	493,16,558	78,90,643	11,14,11,475
Previous Year	258,11,570	535,12,909	93,38,919	699,85,560

S.ANNEXURE - 1 CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2007

Particulars	Year ended 31-03-2007 (Rs.)	Year ended 31-03-2006 (Rs.)
Net Profit Before Tax	1,561,105,152	1,418,986,204
Operating Profit Before Working Capital Change	1,723,927,890	1,567,371,174
Net Cashflow From Operating Activities	769,288,220	1,374,903,740
Net Cash (Used) In/From Investing Activities	(712,786,570)	(398,844,300)
Net Cash (Used) In/From Financing Activities	(144,886,439)	(335,824,514)
Net Change In Cash & Cash Equivalents	(88,384,789)	640,234,926

S.ANNEXURE - 2 INFORMATION ABOUT BUSINESS SEGMENTS AS ON 31.03.2007

This section details segment performance for Rock Phosphate, Limestone, Lignite, Gypsum, Captive Power Plant, and Wind Farm.

Parameter	Consolidated Total 2006-07	Consolidated Total 2005-06
Total Revenue	5,700,181,076	5,411,402,285
Total Expenses	3,911,231,751	3,783,694,685
Net Profit	1,024,050,507	954,651,129

S.ANNEXURE - 3 BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE

Registration Details: U14109RJ2007SGC023687, State Code 17.

Position of Mobilization and Deployment of Funds (Amount in Rs. Thousands):

Total Liabilities: 330,520
Total Assets: 330,520

S.Statement Pursuant To Section 212 RELATING TO SUBSIDIARY COMPANIES

Financial year of the Subsidiary Company (Barmer Lignite Mining Company Limited) ended on 31st March, 2007.

Shares of subsidiary company held by Rajasthan State Mines & Minerals Limited: 25,500 shares (51%).

S.Report Comments of the Comptroller and Auditor General of India

Comments under Section 619(4) of the Companies Act, 1956 regarding the accounts of Rajasthan State Mines and Minerals Limited for the year ended 31 March 2007.

S.Directors' Report Barmer Lignite Mining Company Limited

The directors present the first annual report for the year ended 31st March 2007.

Financial Results: The Company has incurred Rs. 32,74,86,570 towards Capital work in progress.
Project Status: Implementation of 1000 MW lignite based Power Plant.
Financing: Total project cost estimated at Rs. 467 Crores.

S.Auditors' Report Report on the Financial Statements

Audited the Balance Sheet of Barmer Lignite Mining Company Limited as at 31st March 2007 and the Cash Flow Statement for the year ended on that date.

S.ANNEXURE - I TO THE AUDITOR'S REPORT

Statement referred to in paragraph-3 of the auditor's report on the matters specified in the Companies (Auditors Report) Order, 2003.

S.Schedule G SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS

Covers policies on Fixed Assets, Depreciation, Impairment, Investments, Inventories, Foreign exchange, and Borrowing Costs.