text:
Page. Letter to Shareholders 02. Board of Directors 04. Ten years at a Glance 06. Directors' Report 08. Management Discussion and 30 Analysis Report
- Leon Kelley
- 1 years ago
- Views:
3 CONTENTS Page Letter to Shareholders 02 Board of Directors 04 Ten years at a Glance 06 Directors' Report 08 Management Discussion and 30 Analysis Report Annual Accounts 37 Independent Auditors Report 76 Comments of C&AG 89 Secretarial Audit Report 90 Corporate Governance Report 92 Corporate Governance Certificate 97 Business Responsibility Report 98 Consolidated Financial Statements 104 Independent Auditors Report on Consolidated 126 Financial Statements Comments of C&AG on Consolidated 134 Financial Statements Statement containing salient features of 136 Financial Statements of Subsidiaries (Form AOC -1) Extract of Annual Return (MGT-9) 138 Particulars of Loans, Guarantees or 147 Investments under Section 186 Conservation of Energy, 148 Technology Absorption Report on Corporate Social Responsibility 154 Principal Executives 156 Notice 157 Proxy Form 164
4 Annual Report LETTER TO SHAREHOLDERS Dear Shareholders, It is my privilege to share with you the significant achievements of your Company in the year In this year, your Company has achieved the distinction of commencing production from the largest operating Blast Furnace in the Country, Kalyani at IISCO Steel Plant, Burnpur in December, It was a momentous occasion and a matter of great pride for the Company when Hon ble Prime Minister of India, Shri Narendra Modi dedicated to the Nation, SAIL s modernised and expanded IISCO Steel Plant on th 10 May, The Government of India has been giving impetus to the infrastructure development in the Country and removing the bottlenecks affecting the infrastructure sector in particular, with a view to revive the economic growth in the Country. With this continuing thrust for infrastructure development and manufacturing growth, where steel industry plays a pivotal role, the Hon ble Prime Minister of India, Shri Narendra Modi had earlier dedicated to the Nation, the modernised and expanded st Rourkela Steel Plant on 1 April, Your Company s contribution to the development and growth of the Country is accentuated from the implementation of its ongoing Modernisation & Expansion Programme (MEP), with about 5.5 million tonnes per annum of Hot Metal capacity having been added so far. The Hot Metal capacity of the Company will further increase and is expected to reach a level of 23.5 million tonnes per annum by the end of the Financial Year During implementation of the ongoing Modernisation and Expansion Programme, the Company faced a number of challenges. Despite the challenges, the Company completed modernisation and expansion of IISCO Steel Plant, Rourkela Steel Plant and Salem Steel Plant. Further, a number of facilities at other Plants like the new 1.2 MTPA Cold Rolling Mill at Bokaro Steel Plant; Coke Oven Battery No.2, Ladle Furnace, Lime & Dolomite Plant, Bloom-cum-Round Caster at Durgapur Steel Plant; nd and 2 Sinter Machine in Sinter Plant No.3 and Coke Oven Battery No. 11 at Bhilai Steel Plant have also became operational during the Financial Year Besides the on-going MEP, your Company has taken steps to further enhance its competitiveness by initiating the work on the projects for installation of a state of the art 3.0 Mtpa Hot Strip Mill at Rourkela Steel Plant and modernisation of Bokaro Steel Plant s Steel Melting Shop No.1 through installation of modern Basic Oxygen Furnace and Continuous Slab Caster for phasing out the energy intensive Ingot Casting- Slabbing Mill route. The Company incurred a capital expenditure of about Rs.6,840 crore during the Financial Year and plans a further capital expenditure of Rs.7,500 crore during the Financial Year Maintaining its contribution to the economic development of the Country and to meet the future challenges, your Company is working on a long term strategic plan Vision This shall steer the Company towards a target of 50 million tonnes of Hot Metal capacity, which shall put SAIL amongst the top steel companies globally, besides contributing to the Vision 300 million tonnes per annum steel capacity of Government of India. Your Company is proud to be a part of Make in India initiative of the Government of India and the Country's first indigenously built warship named INS Kamorta, an anti submarine warfare corvette, was built with special grade high-tensile steel produced by Bhilai Steel Plant. The ship was handed over to the Indian Navy by Garden Reach Shipbuilders & Engineers Limited in July, I am glad to inform that during the Financial Year , your Company achieved a turnover of Rs.50,627 crore and profit after tax of Rs.2,093 crore. The Company contributed about Rs.11,110 crore to the National Exchequer by way of payment of dividend, taxes and duties to various Government Agencies. On the operational front, the Company recorded its highest ever Hot Metal production of Million Tonnes (MT) in the Financial Year , registering a growth of about 6.9% over Production of MT of Crude Steel showed an improvement of about 2.5% over the previous year. Inspite of the challenging and competitive domestic market, increase in imports particularly from China due to its large surplus capacity and slowing domestic consumption, cheap sourcing of steel from countries with whom India has Free Trade Agreements(FTA) viz. Japan, Korea and ASEAN, your Company achieved total sales volume of 11.8 million tonnes. With regard to the raw materials security of your Company, the existing requirement of iron ore is being met from the captive mines in full. The capacities of existing iron ore mines are being expanded and new iron ore mines are being developed for ensuring regular supplies of iron ore post ongoing Modernisation and Expansion Programme. In view of promulgation of MMDR Amendment Act, 2015 and the Order of the Ministry of Mines, Government of India, the State Government of Jharkhand has extended the lease renewal period of SAIL s seven iron ore leases and four flux leases till Subsequently, Government of Odisha has also extended the lease renewal period of ML-162 lease of Barsua mines to In respect of coal, Sitanala Coking Coal Block has been allotted to SAIL by the Government of India under notified Coal Blocks for allotment to Government Companies and the Agreement in this regard with the Nominated Authority was signed on 30th March, Further, for allotment of new coking coal and thermal coal blocks, efforts are being made for obtaining allotment of coal blocks under Government dispensation route. With a view to secure long 02
5 term security for supply of coking coal, a critical raw material for steel making, in a landmark acquisition of large coal mine and coal assets overseas by an Indian company, International Coal Ventures Pvt. Ltd. (ICVL), the joint venture of SAIL, Coal India Limited, Rashtriya Ispat Nigam Limited (RINL), NMDC Limited & NTPC Limited took over an operating coal mine and coal assets of Rio Tinto Limited in Moatize Coal Basin in Tete Province of Mozambique, having a total coal resource of 2.6 billion tonnes. The operating coal mine at Benga produces prime hard coking coal / thermal coal, and has a state-of-the-art wash plant and surface infrastructure with a potential to expand the raw coal production from the current 5 million tonnes per annum (Mtpa) to 12 Mtpa. The shipments from the mine are being received on continuous basis, establishing a long term and reliable source of supply of coking coal for SAIL, RINL & NMDC. Your Company is always on look out for growth opportunities and diversifying its product basket. In this endeavour, the Company signed a Memorandum of Understanding (MoU) in May, 2015 with ArcelorMittal, the world s leading steel and mining company, to set up an automotive steel manufacturing facility under joint venture arrangement in India. The proposed Joint Venture envisages installation of a state-of-the-art cold rolling mill and other downstream finishing facilities in India that will offer technologically advanced steel products to India s rapidly growing automotive sector. Your Company has always been in the forefront in preservation of environment and sustainable development. In this direction, SAIL Plants have taken various initiatives to reduce environmental footprint and enhance operational efficiency by improving operational discipline and minimising emissions. This in conjunction with state of the art facilities installed under the current Modernisation & Expansion Program has led to significant improvement in environmental parameters, enabling us to produce steel in a greener and more environmental friendly manner than before. Realizing the significance of plantation in overall environment, about 2.64 lakhs saplings were planted in and around SAIL Plants and Mines during the year With continuing focus on cordial employee relations and employee welfare, your Company has achieved the Labour Productivity (LP) of 302 TCS/Man/Year in The manpower strength of SAIL st as on 31 March, 2015 was 93,352 numbers with manpower rationalization of 4,545 numbers achieved during the year. The enhanced productivity with rationalized manpower could be achieved as a result of enhanced production, judicious recruitments, building competencies and infusing a sense of commitment and passion among employees to go beyond and excel. With a view to prepare employees for tomorrow, for effectively taking up challenges and discharging new roles and responsibilities, a total of 45,124 employees were trained during the year on various contemporary technical and managerial modules. Further, the Company has signed a MoU with National Skill Development Corporation to collaborate and support skill development initiatives in the vicinity of SAIL Plants for meeting the requirement of skilled manpower and developing industrial eco-system of the respective areas. Your Company continues to get laurels and appreciation in various fields, with Bhilai Steel Plant having been awarded the PM s Trophy for the Best Integrated Steel Plant for the year for a th record 11 time (out of 21 times awarded). Further, efforts made by the Company in the area of cost management, with a view to sustain and succeed in the current competitive environment, have been recognised by the Institute of Cost Accountants of India and SAIL has been conferred with the First Prize under the category of Public th Manufacturing: Organisation (Large) at the 12 National Awards for Excellence in Cost Management Your Company remains committed to the social development of under privileged class in the vicinity of SAIL Plants, Units and Mines. In this regard, SAIL has adopted a balanced approach towards inclusive growth consistent with socio-economic environment. Inspired by clarion call of the Hon ble Prime Minister for construction of toilets in schools under Swachha Vidyalaya Campaign, a drive to promote sanitation and hygiene in remote areas, the Company has undertaken construction of toilets in schools without toilets/having dysfunctional toilets falling within the peripheral areas of SAIL Plants & Units and Mines which have been allocated to the Company by Ministry of HRD, Government of India. Envisaging the aptitude and faculties of the learned, enlightened citizens who can transform the society, SAIL owns and runs over 129 schools in its townships to provide holistic education to about 60,000 children and is providing assistance to another 629 schools having 95,000 students. As a responsible Corporate Citizen, the Company has supported the rehabilitation initiatives for the people affected by Natural Calamities like the floods in Jammu & Kashmir, Phailin cyclone in Odisha, Flash Floods in Uttarakhand, etc. Dear Shareholders, with the Government s focus on manufacturing and industry coupled with spending on infrastructure (roads, rail, ports, etc.), we are optimistic that the demand for steel in India is going to increase in the years to come and with the ongoing Modernisation & Expansion Programme to be completed shortly, your Company is fully geared up to cater to the increased demand for steel in a cost effective manner. I would like to place on record my sincere thanks and appreciation to Board of Directors for their support and guidance. I would also like to express my sincere thanks to dedicated SAIL family and all the stakeholders for continuing their support and confidence in us. Place: New Delhi th Dated: 14 August, 2015 (Rakesh Singh) Secretary, Ministry of Steel, Government of India & Chairman & Managing Director, SAIL (Additional Charge) 03
6 Annual Report BOARD OF DIRECTORS (As on ) Chairman and Managing Director Addl. Charge Shri Rakesh Singh Secretary, Ministry of Steel, Government of India Functional Directors Finance Shri Anil Kumar Chaudhary Technical Shri S.S. Mohanty Personnel Shri Anil Kumar Chaudhary Addl. Charge Projects & Business Planning Shri S. S. Mohanty Addl. Charge Raw Materials & Logistics Shri Kalyan Maity Commercial Shri Binod Kumar Government Directors Ms. Bharathi S. Sihag, Additional Secretary & Financial Adviser Ministry of Steel, Government of India Shri Sunil Barthwal Joint Secretary, Ministry of Steel, Government of India Independent Directors Shri J.M. Mauskar Dr. Atmanand Chief Executive Officers (Permanent Invitees) Rourkela Steel Plant Shri G.S. Prasad Durgapur Steel Plant Shri P.K. Singh Bokaro Steel Plant Shri Anutosh Maitra Bhilai Steel Plant Shri S. Chandrasekaran Company Secretary Shri M.C. Jain Bankers Axis Bank Ltd. Bank of India Bank of Tokyo-Mitsubishi UFJ Ltd. Baraclays Bank PLC Canara Bank Corporation Bank Deutsche Bank HDFC Bank Ltd. ICICI Bank Ltd. IDBI Bank Ltd. IndusInd Bank Ltd. Jammu & Kashmir Bank Ltd. Kotak Mahindra Bank Ltd. Mizuho Bank Ltd. Punjab & Sind Bank Punjab National Bank Royal Bank of Scotland State Bank of Hyderabad State Bank of India Sumitomo Mitsui Banking Corporation United Overseas Bank Vijaya Bank Yes Bank Limited Statutory Auditors M/s. O.P. Totla & Co. Chartered Accountants M/s. B.N. Misra & Co. Chartered Accountants M/s. Sharma Goel & Co. LLP. Chartered Accountants Cost Auditors M/s. Sanjay Gupta & Associates Cost Accountants M/s. K.C. Kohli & Co. Cost Accountants M/s. R.J. Goel & Co. Cost Accountants Secretarial Auditor M/s. Agarwal S. & Associates Company Secretaries Registered Office Ispat Bhawan, Lodi Road, New Delhi Phone: ; Fax Internet: E.mail: CIN: L27109DL1973GOI
7 BOARD OF DIRECTORS Shri Rakesh Singh Ms. Bharathi S. Sihag Shri Sunil Barthwal Shri A.K. Chaudhary Shri S.S. Mohanty Shri Kalyan Maity Shri Binod Kumar Shri J.M. Mauskar Dr. Atmanand 05 3
8 Annual Report TEN YEARS AT A GLANCE FINANCIAL HIGHLIGHTS Gross Sales Net Sales Earnings before depreciation, interest & tax(ebidta) Depreciation Interest & Finance charges Profit before exceptional items Exceptional items : Gain(+)/Loss(-) Profit before tax ( PBT ) Provision for tax/income Tax Refund ( - ) Profit after tax ( PAT ) Dividends Equity Capital Reserves & Surplus Net Worth (Equity Capital and Reserves & Surplus) Total Loans Net Fixed Assets Capital Work-in-progress Current Assets (including short term deposits) Current Liabilities & Provisions Working Capital (Current Assets less Current liabilities) Capital Employed (Net Fixed Assets + Working Capital Market price per share (In Rs.) (As at the end of the year) Key Financial Ratios EBDITA to average capital employed (%) PBT to Net Sales (%) PBT to average capital employed (%) Return on average net worth (%) Net worth per share of Rs. 10 (Rs.) Earnings per share of Rs. 10(Rs.) Price - earning ratio ( times ) Dividend per share of Rs. 10 (Rs.) Effective dividend rate (%) Debt - Equity (times) Current ratio ( times ) Capital employed to turnover ratio ( times ) Working capital turnover ratio ( times ) Interest coverage ratio ( times ) Dividend Payout Ratio (%) PRODUCTION Item * Hot Metal Crude Steel Pig Iron Saleable Steel Semi Finished Steel Finished Steel * Production of erstwhile IISCO (now ISP) has been included from onwards after its merger with SAIL Unit : '000T 02 06
9 VALUE ADDED STATEMENT For the year Value of own production Other Revenues Less: Cost of Raw Materials Stores and Spares Power and Fuel Excise Duty Freight Outward Other Operating Cost Total Value Added Establishment Cost Financing Cost Dividend Provision Corporate Income Tax Dividend Tax Income Retained in Business Depreciation Retained in Business Total Value Applied SHAREHOLDING PATTERN AS ON 31ST MARCH, 2015 CATEGORY No. of No. of Equity Amount % of Equity Holders Shares (` /Crore) GOVERNMENT OF INDIA FINANCIAL INSTITUTIONS BANKS MUTUAL FUNDS FOREIGN INSTITUTIONAL INVESTORS GLOBAL DEPOSITORY RECEIPTS COMPANIES (including Trusts & Clearing Members) INDIVIDUALS (including NRI & Employees) TOTAL % 6.00% 1.07% 3.50% 10.84% 0.01% 3.10% GOVERNMENT OF INDIA FINANCIAL INSTITUTIONS BANKS MUTUAL FUNDS 75% FOREIGN INSTITUTIONAL INVESTORS GLOBAL DEPOSITORY RECEIPTS COMPANIES INDIVIDUALS 07 3
10 Annual Report DIRECTORS REPORT To, The Members, The Directors have the pleasure of presenting the 43rd Annual Report of the Company together with Audited Accounts for the Financial Year ended 31st March, A. FINANCIAL REVIEW Your Company achieved a turnover of `50,627 crore during , which is lower by 2% over previous year, mainly on account of lower sales volume. The steel prices which were at a high in the beginning of Financial Year , started falling gradually every month from September 2014 onwards. Towards the end of the Financial Year , the steel prices reached at the lowest for the Financial Year. The Profit After Tax of your Company for the Financial Year was `2,093 crore as compared to `2,616 crore in the previous Financial Year, which included the one time receipt of `1,056 crore from M/s. Vale Australia Pty Ltd. The net profit of your Company for the year has been negatively impacted on account of stagnant saleable steel production and lower sales volume of saleable steel, higher salaries & wages, higher stores & spares expenditure, higher repairs & maintenance expenditure, increase in royalty on iron ore, increase in purchased power rate, higher usage of imported coal in the blend due to lower availability of indigenous coal, higher interest charges, higher depreciation due to capitalization of new facilities and reduction in interest earning on term deposits. The Management has taken various cost reduction measures like reduction in usage of external BF Coke, lower coke rate & energy consumption, higher CDI usage, etc. to offset the impact of adverse factors. Your Company continued its thrust on optimum utilisation of funds by better fund management. This included replacement of high cost short term loans with low cost debts, timely repayment of loans including interest, strategic parking of surplus funds with scheduled banks, actions for future fund raising etc. to meet the growth objectives. Further, the Company hedged the foreign currency risk on Buyer s Credit and repayment of External Commercial Borrowings depending on market conditions. The Company had liquid assets of ` 2,000 crore as on 31st March, 2015 invested in short term deposits with scheduled banks against borrowings of ` 29,898 crore as on 31st March The debt equity ratio of the company increased to 0.69:1 as on 31st March 2015 from 0.59:1 as on 31st March 2014 mainly on account of increase in borrowings during the year. The net worth of company improved from ` 42,666 crore as on 31st March 2014 to ` 43,505 crore as on 31st March 2015 and this helped in generation of internal resources for funding expansion plans of SAIL. During the Financial Year , the capital expenditure incurred was ` 6,840 crore. The Company paid interim 17.5% of the paid-up equity share capital during the year. The Board of Directors has further recommended a final 2.5% subject to approval of shareholders, thus making the total 20% of the paid up equity share capital for the Financial Year Hon'ble Prime Minister Shri Narendra Modi dedicating SAIL s modernised Rourkela Steel Plant to the nation in the presence of Dr. S.C Jamir, Governor Odisha, Shri Naveen Patnaik, Chief Minister, Odisha, Shri Narendra Singh Tomar, Minister of Steel & Mines, Shri Jual Oram, Minister of Tribal Affairs, Shri Dharmendra Pradhan, Minister of State (IC) for Petroleum and Natural Gas,, Shri Vishnu Deo Sai, Minister of State for Steel & Mines, Shri Rakesh Singh, Secretary, Ministry of Steel and the then Chairman, Shri C.S. Verma. 08
11 MoU signed between SAIL and Ministry of Steel in presence of Secretary (Steel) Shri Rakesh Singh and the then Chairman Shri C.S. Verma and other Directors of SAIL Credit Rating: M/s India Ratings & Research Pvt. Ltd. and M/s CARE, RBI approved credit rating agencies, maintained AAA ratings indicating the highest safety, for SAIL s long term-borrowing programme. The international borrowings programme of the Company has been rated at BBB- by M/s. FITCH Ratings. B. OPERATIONS REVIEW Production Review Financial Year witnessed several landmark achievements in the ongoing Modernisation and Expansion Plan of the Company. Your Company achieved its highest ever Hot Metal production of 15.4 Million Tonne (MT) surpassing its previous best of 15.2 MT achieved in This was a result of series of ongoing projects getting either commissioned or stabilized during the year towards achievement of their envisaged capacity. Each and every Integrated Steel Plant of SAIL has achieved a breakthrough in operationalizing new units as stated below: Bhilai Steel Plant has stabilised performance of the new Sinter Machine in SP-3 and new Coke Oven Battery-11 and has started trials in the new Rail Welding Plant which is a part of Universal Rail Mill. At Durgapur Steel Plant, the new Bloom cum Round Caster has started trial production from Feb 2015 and is expected to stabilize soon. At Rourkela Steel Plant, new Converter-C was commissioned and has been stabilized with maximum of 21 heats. Similarly, the new Caster has also been ramped up achieving a production level of 28 casts in a single day on 19/09/2014. At Bokaro Steel Plant, new CRM-III has begun trials and will ramp up production after commissioning of auxiliaries. At IISCO Steel Plant, Burnpur, new BF-5, new SMS (currently operating with 2 Converters and 2 Casters) and new Bar Mill have been commissioned and operation of Wire Rod Mill has been stabilised. Your Company achieved an all time best performance in case of Continuously-Cast (CC) Steel and Sinter production, with a production of 10.3 MT & 20.7 MT and a growth of 6% &11% over last year respectively. The Company also registered an improvement in its Crude Steel production volume, registering a growth of 2% over last year. Your Company s various initiatives to reduce environmental footprint and enhance operational efficiency have led to a significant improvement in environmental parameters as well as in Techno-economic efficiency. This has enabled the Company to produce steel in a greener and more environmental friendly manner than ever before. SAIL Plants recorded the best ever Sp. Energy Consumption of 6.52 Gcal/Tonne of Crude Steel (tcs), an improvement of 1% over This was achieved, as a result of higher volume of crude steel being produced through energy efficient CC route (up by 6% over ). In addition, SAIL achieved the lowest ever Particulate Matter (PM) Emission Load 3 (0.83 kg/tcs), Specific Water Consumption (3.66 m /tcs) and 3 Specific Effluent discharge (2.16 m /Tonne of Saleable Steel (tss)). SAIL Plants have also reduced their CO 2 Emission levels to 2.65 T/tcs which is their lowest ever emission, showing significant improvement over earlier years. Your Company is proud to be a part of India s Make in India initiative, wherein the Country's first indigenously built warship named INS Kamorta, an anti-submarine warfare corvette, was built with special grade high-tensile (DMR249A) steel produced by Bhilai Steel Plant. The ship was handed over to the Indian Navy by Garden Reach Shipbuilders & Engineers Limited in the month of July
12 Annual Report Maintaining this fervor for continuous improvement, your Company has developed several new products during the year, further enhancing its extensive product portfolio. To satisfy the requirements for manufacturing of bullet proof vehicles for Indian Army, three heats of Armor quality steel were made at Alloy Steels Plant and 8 slabs were processed through Hot Strip Mill and Special Plates Plant at RSP to be dispatched to Vehicle Factory, Jabalpur. The hardness achieved was BHN and it satisfied the specification of CQA M (47) or equivalent for protection from AK-47 from a distance of 10 meters. With the recent amendment of IS 1786 in 2012, two new grades of seismic resistant rebars, namely Fe-415S and Fe-500S with a minimum UTS/YS ratio of 1.25 were added. To keep pace with this development, SAIL took up the challenge to be the first producer in India for development of IS 1786 S grade in line with international specifications like ISO , ASTM A706, etc. Accordingly, process technology for production of Fe-415S and Fe 500S grades were established. In addition, Research & Development Centre for Iron & Steel (RDCIS) and Plants have developed a new standard IS 15962: 2012 on Structural Steels for Buildings and Structures with improved Seismic Resistance in line with ISO and JIS G No Indian specification existed earlier for seismic resistant steel structures and plates. With these aforementioned initiatives, SAIL is planning to launch seismic grade plates, structurals and TMT rebars in which will make SAIL the First Producer of these grades in India. Several initiatives have been undertaken for implementation of the ambitious R&D Master Plan of SAIL, initiated under three broad categories namely, Centre of Excellence Projects (CoE), High Impact Projects (HIP) and Technology Missions (TM) Projects. Some of the assignments in these projects involving in-house process innovation / modifications / trials have been completed. Other assignments are in various stages of implementation. The implementation of R&D Master Plan and increased thrust on R&D activities across SAIL Plants/ Units has led to a significant increase in R&D expenditure from `100 crores in to ` 264 crores in and the R&D expenditure as percentage of turnover (net of excise) has increased from 0.24 in to 0.58 in Under CoE Projects, the average campaign life of steel ladle in SMS-2, BSL has increased from 80 to 101 heats, also achieving a maximum life of 123 heats. In addition, an RFID based ladle tracking system is being implemented in SMS-2, BSL and improved quality fused Alumina based Alumina-Magnesia-Carbon bricks have been developed for bottom impact pad of steel ladle giving an average life of 50 heats with a possibility of maximum of 62 heats. RDCIS has also undertaken a new CoE project for development of high strength nano steels for which a MoU with Indian Institute of Science, Bangalore has been signed. Under High Impact Projects, lab experiments for slime beneficiation at Barsua Mines have been completed and order placement on turnkey basis is in progress. For use of air cooled BF slag for road making, laboratory investigations with different compositions using slag, local soil and moorum from BSP were carried out at Central Road Research Institute. Based on encouraging results, pilot construction of rigid pavement has been initiated at RDCIS as a separate project. Adoption of technologies for thin strip casting and CRGO steel production has been envisaged under TM-1 & TM-2 Projects. Discussions regarding modalities of technology transfer by the technology vendors are under advanced stages. Working and licensing agreement with the vendors are being worked out. New Plate Mill of SAIL s Rourkela Steel Plant 10
SAIL- Strategy 2020. Rakesh Kulshreshtha Executive Director I/C [Corporate Planning] Resurgent India Vision 2020 in Metals & Minerals Sector
Indian Institute of Metals Delhi Chapter SAIL- Strategy 2020 Resurgent India Vision 2020 in Metals & Minerals Sector Rakesh Kulshreshtha Executive Director I/C [Corporate Planning] CONTENT OF THE PRESENTATIONMore information
Brief Overview of Steel Authority of India Ltd.(SAIL)
Brief Overview of Steel Authority of India Ltd.(SAIL) SAIL is India's largest steel producing company. With a turnover of Rs. 50,348 crore, the company is among the five Maharatnas of the country's CentralMore information
Innovation For Cool Earth Forum (ICEF) 2 nd Annual Meeting
THE ROLE OF TECHNOLOGY & INNOVATION IN ENERGY SAVING AND CO2 REDUCTION IN INDIAN IRON & STEEL INDUSTRY Ministry Of Steel Government Of India Innovation For Cool Earth Forum (ICEF) 2 nd Annual Meeting 7-8More information
GREAT WORLD COMPANY HOLDINGS LTD (incorporated in the Cayman Islands with limited liability) (Stock code: 8003) 3RD QUARTERLY RESULTS ANNOUNCEMENT 2015/2016 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKETMore information
Welcome to workshop on revised schedule VI. K. Chandra Sekhar Company Secretary Ace Designers Limited, Bangalore
Welcome to workshop on revised schedule VI K. Chandra Sekhar Company Secretary Ace Designers Limited, Bangalore 1 Relevant provisions Indian Companies Act, 1956 Rules Notifications Circulars AccountingMore information
SURGE IN INDIAN STEEL INDUSTRY : CHALLENGES OF INPUT SECURITY Dr Subir Bhattacharya, Senior Manager U. K. Vishwakarma, DGM A. P. Singh DGM I/c & K. K. Mehrotra, Director (Engineering) MECON Limited, RanchiMore information
EVRAZ H1 2013 results Transcript of the conference call. Management Presentation. Corporate Participants
EVRAZ H1 2013 results Transcript of the conference call Corporate Participants Alexander Frolov Giacomo Baizini Pavel Tatyanin Management Presentation Operator Thank you for standing by and welcome toMore information
THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE Chapter 1 General Provisions In accordance with the Law of the People s Republic of China on Joint Ventures Using Chinese and Foreign Investment (theMore information
EXECUTIVE SUMMARY 0.1 PROCESSES AND TYPES OF ROLLING MILLS FOR FLAT PRODUCTS Flat product rolling mills can be broadly categorised into two groups, i.e., hot rolling mills and cold rolling mills. PlateMore information
CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES Life Insurance Corporation of India (LIC) was a sole player in theMore information
1.0 Accounting Convention: SIGNIFICANT ACCOUNTING POLICIES Financial statements are prepared under the historical cost convention and on accrual basis of accounting and going concern concept, in accordanceMore information
WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016 WIPRO DOHA LLC BALANCE SHEET (Amount in ` except share and per share data, unless otherwise stated) As at March 31, 2016More information
Corporate Governance Statement 21 October 2015
Minotaur Exploration Limited (the Group) and its Board adheres to superior standards of corporate governance. The Board reviews the governance framework and practices to ensure they meet the interestsMore information
DISCLOSURES IN DIRECTORS REPORT FINANCIAL PERFORMANCE/OPERATIONS 1. Section 134 of the Companies Act, 2013: The state of the company s affairs. As per Rule 8(5) of The Companies (Accounts) Rules, 2014,More information
John KW Hou, Ph.D. World- Wide Director, Industry Solutions Member of IBM Industry Academy IBM Corporation. José R. Favilla Jr
1 A Big Data Approach to Optimize Energy Efficiency in the Steel Industry John KW Hou, Ph.D. Manager, IBM Center of Competence, Metals IBM Corporation José R. Favilla Jr World- Wide Director, IndustryMore information
EXECUTIVE PROGRAMME COST AND MANAGEMENT ACCOUNTING SAMPLE TEST PAPER (This test paper is for practice and self study only and not to be sent to the institute) Time allowed: 3 hours Maximum marks : 100More information
February 2, 2016 Consolidated Financial Results for the Third Quarter of Fiscal Year 2015 (From April 1, 2015 to December 31, 2015) [Japan GAAP]
February 2, 2016 Consolidated Financial Results for the Third Quarter of Fiscal Year 2015 (From April 1, 2015 to December 31, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co.,Ltd. (URL http://www.idemitsu.com)More information
Corporate Social Responsibility (CSR) Policy
Corporate Social Responsibility (CSR) Policy Bharat Heavy Electricals Limited New Delhi December, 2014 Revision-I Page 1 of 13 CONTENTS S. No. Section Page No. 1 CSR Overview, Vision, Mission, Objective,More information
Mantas India Private Limited. Directors Report
Mantas India Private Limited Directors Report Dear Members, Your Directors take pleasure in bringing you the Annual Report of your Company along with the Audited Accounts for the financial year from AprilMore information
ArcelorMittal Poland 03.06.2014
ArcelorMittal Poland 03.06.2014 ArcelorMittal Poland 6 locations 5 steel plants and the largest coke plant in Europe located in Zdzieszowice 70 per cent of Polish steel market potential Over 11.000 employees,More information
Corporate Social Responsibility and Governance Committee Charter
GUJARAT CHEMICAL PORT TERMINAL COMPANY LIMITED Corporate Social Responsibility Governance Committee Charter 1. Preamble: Gujarat Chemical Port Terminal Company Limited ('the Company') is an unlisted publicMore information
CHAPTER 9 WORKING CAPITAL MANAGEMENT Working capital is the long term fund required to run the day to day operations of the business. The company starts with cash. It buys raw materials, employs staffMore information
Financial Management
Different forms business organization Financial Management Sole proprietorship Partnership Cooperative society Company Private limited Vs Public limited company Private co min- two and max fifty, Pub LtdMore information
PROFESSIONAL PROGRAMME Company Law Tax Laws
Clarificatory Answers to the Academic Queries raised by Students pertaining to December 2014 Examination PROFESSIONAL PROGRAMME Company Law Tax Laws Disclaimer These FAQs are specifically developed forMore information
Software Technology Parks of India
Software Technology Parks of India (DeitY, An Autonomous Society under Ministry of Communication & Information Technology, Govt. of India) Ganga Software Technology Complex, Sec 29, Noida 201303. UP Phone:More information
14 Paid Up Equity Share Capital 11,353 11,352 11,351 11,353 11,351 11,352 (Face Value of ` 10 each) 15 Reserve excluding Revaluation Reserve 740,298
STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2012 Half Year Ended Year Ended 1 Income from Operation (a) Net Sales / Income from Operations (Net of ExciseMore information
FINANCIAL ANALYSIS: A STUDY OF J & K BANK LIMITED Aijaz Ahmad Baba Lecturer Commerce, Govt. Hr. Sec. School, Unisoo, Kupwara, India Email: email@example.com ABSTRACT Financial statement information isMore information
DIRECTORS REPORT To: ALL MEMBERS OF PRIZE PETROLEUM COMPANY LIMITED On behalf of the Board of Directors of your Company, it is my privilege to present the 10th Annual Report on the working of the CompanyMore information
L&T Press Release Issued by Corporate Brand Management & Communications
L&T Press Release Issued by Corporate Brand Management & Communications L&T House, 2 nd Floor, Ballard Estate, Mumbai 400 001 Tel: 91 22 6752 5656 / 836 Fax: 91 22 6752 5796 CIN: L99999MH1946PLC004768More information
Business Financing for Foreign Investors in India
Business Financing for Foreign Investors in India Kuala Lumpur-September 25, 2008 at 3.00 pm Address by Mr. Rakesh Shah, Chairman, EEPC India It is a privilege to be in the midst of this distinguishedMore information
CSR POLICY OF REPRO INDIA LIMITED Introduction and Background Repro India Limited who is into Educational Content Management to Delivery Solutions involved in the business of Printing of Education BooksMore information
To whom application is to be filed
SOUTHERN POWER DISTRIBUTION COMPANY OF TELANGANA LIMITED 6-1-50, Corporate Office/Mint Compound/Hyderabad 063. www.tssouthernpower.com, email:firstname.lastname@example.com As per TELANGANA SOLAR POWER POLICYMore information
November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP]
November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co., Ltd. (URL http://www.idemitsu.com)More information
DEPARTMENT OF MINERAL RESOURCES MINERALS POLICY HANDBOOK DEPARTMENT OF MINERAL RESOURCES PRIVATE MAIL BAG PORT MORESBY POST OFFICE PORT MORESBY NCD PAPUA NEW GUINEA DEPARTMENT OF MINERAL RESOURCES MINERALSMore information
KERALA STATE ELECTRICITY REGULATORY COMMISSION THIRUVANANTHAPURAM PRESENT: Shri. K.J.Mathew, Chairman Shri. C. Abdulla, Member Shri. M.P.Aiyappan, Member Petition No. CT/SOLAR JNNSM/KSERC/2010 August 4,More information
The Float Guide How to float a company in India
The Float Guide How to float a company in India Contact: Haigreve Khaitan Khaitan & Co firstname.lastname@example.com INTRODUCTION This guide introduces the practice and procedure related to public floatsMore information
ZEUS Law Associates COMMISSION AGENT SITUATED ABROAD: SERVICE TAX IMPLICATIONS. Mr. S.K. Kohli, Senior Consultant Amit Chowdhury, Associate.
COMMISSION AGENT SITUATED ABROAD: SERVICE TAX IMPLICATIONS ZEUS Law Associates Mr. S.K. Kohli, Senior Consultant Amit Chowdhury, Associate. INTRODUCTION A new category of taxable service known as businessMore information
Solar Power Policy Uttar Pradesh 2012 Suggestions to be sent to : email@example.com email@example.com
Draft ver2 Solar Power Policy Uttar Pradesh 2012 Suggestions to be sent to : firstname.lastname@example.com email@example.com 1 TABLE OF CONTENTS S.No Contents Page No 1. PREAMBLE 3 2. OBJECTIVES 3 3. OPERATIVEMore information
Advanced Securities Law
READING MATERIAL Advanced Securities Law UNIT 2 Public Issues: Initial Public Offering- II ADVANCED SECURITIES LAW 2 In the previous Unit we began our study of initial public offers ( IPOs ). We lookedMore information
Nature and scope of Accounting ACCOUNTING FOR MANAGERS MBA/DCC 102 Accounting may be regarded as an art of recording, classifying and summarizing of money transactions and events Accounting may be regardedMore information
ABSTRACT. School Education Right to Education Act (RTE), 2009 - Constitution of School Management Committee Orders Issued.
1 ABSTRACT School Education Right to Education Act (RTE), 2009 - Constitution of School Management Committee Orders Issued. School Education (C2) Department G.O.Ms.No.213 Dated: 26.12.2011 ÂUtŸStuh L,More information
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, AUGUST 26, 2009 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, 26 th August, 2009 SECURITIES AND EXCHANGEMore information
Corporate Governance Statement
Corporate Governance Statement The Board of Directors of APN Outdoor Group Limited (APO) is responsible for the overall corporate governance of APO, including establishing the corporate governance frameworkMore information
DIRECTORS REPORT TO THE MEMBERS Your Directors present their Fourth Report together with the audited accounts of the Company for the year ended 31 st March, 2013. FINANCIAL HIGHLIGHTS Particulars For theMore information
The Scottish Investment Trust PLC
The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLCMore information
Corporate Social Responsibility Best Practice Principles The Far EasTone Telecommunications Co., Ltd. Approved by Board of Director Meeting on
Article 1 Article 2 Article 3 Article 4 Article 5 Corporate Social Responsibility Best Practice Principles The Far EasTone Telecommunications Co., Ltd. Approved by Board of Director Meeting on 2015/7/30More information
Tata Chemicals Limited
Regd. Office : Bombay House, 24 Homi Mody Street, Mumbai - 400 001 Unaudited Consolidated Financial Results for the 30th June, 2008 30th June, 2008 30th June, 2007 Year ended 31st March, 2008 1 Sales /More information
CORPORATE GOVERNANCE POLICY Srei Equipment Finance Limited
CORPORATE GOVERNANCE POLICY Srei Equipment Finance Limited 1. PREAMBLE The Company believes that a good corporate governance system is necessary to ensure its long term success. The Company ensures goodMore information
Corporate Governance Report
Corporate Governance Report Chairman s introduction From 1 January 2015 until 31 December 2015, the company applied the 2014 edition of the UK Corporate Governance Code (the Code ). 1. BOARD COMPOSITIONMore information
5:25 Flexible Structuring Scheme: Aligning Benefits
June 02, 2015 Ratings I. Genesis 5:25 Flexible Structuring Scheme: Aligning Benefits The development of core industries and infrastructure sector is pivotal for developing countries like India. DevelopmentMore information
Performance and Credit Rating Scheme for Micro & Small Enterprises
Performance and Credit Rating Scheme for Micro & Small Enterprises An initiative by Ministry of MSME Government of India Ministry of Micro, Small and Medium Enterprises (An ISO 9001:2008 Certified Organisation)More information
Financing Skill Development: Status of Model Vocational Training Loan Scheme. Priyambda Tripathi 1. Abstract
Financing Skill Development: Status of Model Vocational Training Loan Scheme Priyambda Tripathi 1 Abstract This article aims to explore the ground realities of implementation of the Vocational TrainingMore information
Uttar Pradesh Rooftop Solar Photovoltaic Power Plant Policy, 2014
Uttar Pradesh Rooftop Solar Photovoltaic Power Plant Policy, 2014 Table of Contents 1- PREAMBLE - 1 2- OBJECTIVES - 1 3- OPERATIVE PERIOD - 1 4- IMPLEMENTATION PLAN - 2 5- ELIGIBLE ENTITIES - 2 6- TARGETSMore information
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following management s discussion in conjunction with our unaudited consolidated interim condensedMore information
sustainability report
sustainability report Sustainable development In the midst of turbulent macro-economic conditions adversely impacting the coal sector, we maintain our focus on building a business that has a viable, long-termMore information
None of the Directors had an interest in the shares of the company at any time during the year.
EMAMI BANGLADESH LIMITED DIRECTORS REPORT FOR THE PERIOD 01 st APRIL 2014 TO 31 st MARCH 2015 The directors present their report and the financial statements for the period 1 st April 2014 to 31 st MarchMore information
CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) 1. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable? (a)More information
This document is issued by Standard Life Investments Property Income Trust Limited (the "Company") and is made available by Standard Life Investments (Corporate Funds) Limited (the AIFM ) solely in orderMore information
HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETSMore information
News Release April 29, Performance Review Year ended March 31, 2006: 27% yearon-year growth in profit after tax
News Release April 29, 2006 Performance Review Year ended March 31, 2006: 27% yearon-year growth in profit after tax The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at MumbaiMore information
Maharashtra Budget Analysis 2016-17
The Minister of Finance of Maharashtra, Mr. Sudhir Mungantiwar, presented the Budget for Maharashtra for the financial year on March 18, 2016. Budget Highlights The Gross State Domestic Product of MaharashtraMore information
Guidance Note on Cost Accounting Standard on Direct Expenses (CAS-10)
Guidance Note on Cost Accounting Standard on Direct Expenses (CAS-10) Issued by THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (A Statutory Body under an Act of Parliament) 12, Sudder Street, Kolkata- 700016More information
Renewable Energy Certificate Mechanism for India. ABPS Infrastructure Advisory. Background
Renewable Energy Certificate Mechanism for India Background ABPS Infrastructure Advisory India is abundantly gifted with a variety of renewable energy (RE) sources. However, not all states are endowedMore information
CHAPTER II COMMON CONDITIONS FOR PUBLIC ISSUES AND RIGHTS ISSUES General conditions. 4. (1) Any issuer offering specified securities through a public issue or rights issue shall satisfy the conditionsMore information
Long-Term Asset Management Plan 2011-2021
Long-Term Asset Management Plan 2011-2021 Contents Introduction...3 A shared vision...4 Strategic planning to achieve our goals...4 Towards 2031...5 A long-term vision, communicated by our community...5More information
Budget 2007-08 - Financial Inclusion - Guidelines for Financial Inclusion Promotion Fund and Financial Inclusion Technology Fund
DO.No. NB.MCID. 309 / FI-01 / 2008-09 Circular No. 88 A/ mcid - 6 / 2008 02 June 2008 (CMD, PSU Banks) Budget 2007-08 - Financial Inclusion - Guidelines for Financial Inclusion Promotion Fund and FinancialMore information
Environment and Development Journal Law LEAD INDONESIA - LAW ON WATER RESOURCES, 2004 VOLUME 2/1 LEAD Journal (Law, Environment and Development Journal) is a peer-reviewed academic publication based inMore information
BIRLA CORPORATION LIMITED CORPORATE OFFICE: 1, SHAKESPEARE SARANI, 2 ND FLOOR, KOLKATA 700 071 Phone: (033) 6603 3300/01/02, Fax: (033) 2288 4426 CIN-L01132WB1919PLC003334 E-mail: email@example.com;More information
Bharti Airtel Limited
Bharti Airtel Limited Registered Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi 110 070, India CIN: L74899DL1995PLC070609 T:+91-11-4666 6100, F:+91-11-4166 6137, EmailMore information
Company Income Tax and Other Taxes
Company Income Tax and Other Taxes Company Taxation Arrangements The company tax rate (also known as the corporate) is 30%. The treatment of business expenditure for the mining and petroleum industriesMore information
No. J-11011/2/2008-NREGA Government of India Ministry of Rural development NREGA Division
No. J-11011/2/2008-NREGA Government of India Ministry of Rural development NREGA Division. Krishi Bhawan, New Delhi Dated 7 th April, 2008 To 1. All Members of the Central Employment Guarantee CouncilMore information
Energy Act 2011 CHAPTER 1 CONTENTS PART 1 ENERGY EFFICIENCY GREEN DEAL
Energy Act 2011 CHAPTER 16 CONTENTS PART 1 ENERGY EFFICIENCY CHAPTER 1 GREEN DEAL Introductory 1 Green deal plans 2 Green deal plans: supplementary 3 Framework regulations Green deal plan 4 AssessmentMore information
CORPORATE GOVERNANCE POLICY OF REPCO HOME FINANCE LIMITED INTRODUCTION: (Clause 49 of listing agreement) Corporate governance is about commitment to values and about ethical business conduct. It is aboutMore information
Sub: Buyback of equity shares by OnMobile Global Limited- Board Resolution Copy
February 5, 2016 Bangalore To Securities and Exchange Board of India Plot No. C4-A, G Block Bandra Kurla Complex, Bandra East Mumbai 400 051 Dear Sir/Madam, Sub: Buyback of equity shares by - Board ResolutionMore information
SINTERING AND PELLETISATION OF INDIAN IRON ORES By SURESH KUMAR* & T.M. SRINIVASAN** 1 * Vice President, Mineral Enterprises Limited, Bangalore ** Managing Director, FerroGreen Technologies Pvt. Ltd. BangaloreMore information
Business Principles September 2014
Business Principles September 2014 1. INTRODUCTION 2. BUSINESS PRINCIPLES 2.1 Core Principle We behave honestly, fairly and with integrity 2.2 Overarching Principle We manage risk and seek to continuallyMore information
LLP. Constituent of Limited Liability Partnership
LLP as a Corporate Business Vehicle LLP PROPOSITIONS TAXATION OF LLP CONVERSION OF ENTITY INTO LLP LLP Constituent of Limited Liability Partnership Limited Liability Partnership [LLP] as a business vehicleMore information
Consolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP]
Consolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP] November 6, 2015 Company name: Shibaura Electronics Co., Ltd. Stock exchange listing: Tokyo Stock Exchange CodeMore information
Billion list for the Asia-Pacific region by US magazine Forbes.
Only Cable company featured in Forbes Magazine Rated among the top 22 Indian companies featured in the latest 200 Best under a Billion list for the Asia-Pacific region by US magazine Forbes. Cords CableMore information
Corporate Governance Statement
Corporate Governance Statement The Board of Directors of Sandon Capital Investments Limited (Sandon or the Company) is responsible for the corporate governance of the Company. The Board guides and monitorsMore information
Surface Transforms Plc. ( Surface Transforms or the Company ) Half-year financial results for the six months ended 30 November 2015
3 February 2016 Surface Transforms Plc. ( Surface Transforms or the Company ) Half-year financial results for the six months 30 November Surface Transforms, (AIM:SCE) manufacturers of carbon fibre reinforcedMore information
Net cash balances at the year-end were 2.87 million (2014: 2.15 million) and total capital expenditure during the year was 626,000 (2014: 386,000).
Preliminary Announcement for the year ended 30 September 2015 Chairman s Statement The result for the year to 30 September 2015 is a net Profit before Taxation of 1,869,000 (2014: 1,333,000), on RevenuesMore information
Sub: Reg. 33-Un-Audited Financial Results for the Quarter ended 31.12.2015
JCT LIMITED Corporate Office: 305, 3 rd Floor, Rattan Jyoti, 18 Rajendra Place, New Delhi-110008 Phone: 91-11-46290000; Fax: 25812222 Website: www.jct.co.in; E-mail: firstname.lastname@example.com FebruaryMore information
PRO - ACTIVE DISCLOSURES OF UNDER SEC 4 (1) OF THE RIGHT TO INFORMATION ACT 2005 OFFICE OF THE DIRECTOR GENERAL OF POLICE, CHENNAI-4. (Extract of Rule 4(1) (b) of the Right to Information Act 2005.) (i)More information
CRISIL Limited: Unaudited Financial Results for the quarter ended September 30, 2005.
Pg 1/8 CRISIL Limited: Unaudited Financial Results for the quarter ended September 30, 2005. October 19, 2005. Mumbai. The Board of Directors of CRISIL Limited, India s leading Ratings, Financial News,More information
ARBN 154 618 989 INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2013 CORPORATE DIRECTORY Directors Mr Keith Coughlan Mr Robert Timmins Mr David Porter Mr Colin Ikin Managing Director, CEOMore information
PAPER 19: Cost and Management Audit
PAPER 19: Cost and Management Audit Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 19 : Cost and Management Audit Time Allowed:More information
Table of GRI indicators
2013 Sustainability Report > Table of GRI indicators Table of GRI indicators The following table of GRI-G3.1 indicators includes a brief description of each, reference to the page in the 2013 SustainabilityMore information
ArcelorMittal South Africa Vanderbijlpark Works. Heinrich Kriel
ArcelorMittal South Africa Vanderbijlpark Works Heinrich Kriel 2011 Agenda ArcelorMittal South Africa s standing Process Main Industries Sales Corporate Responsibility 1 ArcelorMittal South Africa at aMore information
POLICY FOR CORPORATE SOCIAL RESPONSIBILITY I. SHORT TITLE: This policy in relation to the Corporate Social Responsibility ( CSR ) of Morgan Stanley Solutions India Private Limited is titled as the CSRMore information
Financial Reporting and Analysis
Chartered Secretaries Qualifying Scheme Level 1 Financial Reporting and Analysis Sample paper Time allowed: 3 hours and 15 minutes (including reading time) Do not open this examination paper until theMore information
For immediate use. Tata Steel reports Consolidated Financial Results for the third quarter and nine-months ended December 31, 2015
February 4, 2016 For immediate use Tata Steel reports Consolidated Financial Results for the third quarter and nine-months ended December 31, 2015 Tata Steel Group (the Company ) today declared its ConsolidatedMore information
CORPORATE GOVERNANCE STATEMENT... 1 Overview... 1 Appointment Protocols... 2 Written Agreements... 2 Company Secretary... 2 Diversity Policy... 2 Board and Board Committee Performance Evaluation... 2 SeniorMore information
Financial Statement of Electricity Companies (IPCC Gr-II)
Financial Statement of Electricity Companies (IPCC Gr-II) Important Changes: The earlier syllabus (study material of ICAI) included the following, in this chapter: 1. Final Accounts as per Double AccountMore information
Indiabulls Housing Finance Limited (CIN: L65922DL2005PLC136029) Unaudited Consolidated Financial Results for the quarter and six months ended
Indiabulls Housing Finance Limited (CIN: L65922DL2005PLC136029) Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2015 PART I Statement of Consolidated UnauditedMore information
UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001 Presented by the Honourable Rob Lucas MLC Treasurer of South Australia on the Occasion of the Budget for 2000-2001 UNIFORM STATISTICAL PRESENTATIONMore information
abc Multiactive Limited 辰 罡 科 技 有 限 公 司
abc Multiactive Limited 辰 罡 科 技 有 限 公 司 * (Incorporated in Bermuda with limited liability) (Stock Code: 8131) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 AUGUST 2015 CHARACTERISTICSMore information
Hiring and Firing in India
Global Journal of Finance and Management. ISSN 0975-6477 Volume 6, Number 6 (2014), pp. 523-528 Research India Publications http://www.ripublication.com Hiring and Firing in India 24- Pritam Road DalanwalaMore information
Charities Accounting Standard Accounting Template Explanatory Notes
Charities Accounting Standard Accounting Template Explanatory Notes Introduction Purpose of Accounting Template The Accounting Template is designed to help smaller charities prepare and present financialMore information
IGAS 3. Cash Flow Statements. Government Accounting Standards Advisory Board. Contents
Cash Flow Statements Government Accounting Standards Advisory Board Contents Description Page Number 1. Introduction 3 2. Objective 3 3. Scope 3 4. Benefits of Cash Flow Information 4 5. Definitions 4More information


text:
Swiss Valley Rockers
This Amish desk chair has been nicknamed the Throne Chair since it surpasses all expectations of comfort and quality! This hardwood desk chair is deal for desk work, typing, meetings and conferences. This is an office chair unlike one you've ever experienced! Individually handcrafted and made in America, the Clark Executive Desk Chair is quality and beauty that you can't find in an "Office Max"!
We've all experienced an office chair that either breaks or stops functioning after mere months. In fact, you may even be sitting on one right now! Our Amish craftsmen hold every piece of furniture to the absolute highest standards of craftsmanship. All of our Amish office furniture is designed and constructed to last a lifetime!
Additionally, the Clark Executive Desk Chair is built to exact customer specifications. Choose the wood species, finish, and fabric or leather that best fits your home and style.
This Amish desk chair comes with the following:
Feel free to call us toll free and speak with a friendly and knowledgeable furniture specialist today. 1-866-272-677.
© Copyrights 2003 - 2017 DutchCrafters All rights reserved.

subset: commoncrawl


text:
Thursday 27 February 2003
The World Today is a comprehensive current affairs program which backgrounds, analyses, interprets and encourages debate on events and issues of interest and importance to all Australians. Below is the program summary with links to transcripts and audio (if available).
The Howard Government has raised the prospect of Australia's participation in the United States' "Son of Star Wars" long-range missile defence system, an idea rejected by the Opposition.
One of America's most senior former military commanders, General Joseph Hoare, says Australia's role in any "Star Wars" weapons program is critical for geographic reasons.
Today US Ambassador to Australia Tom Schieffer presented a US$25,000 cheque to the ACT Government following last months bushfires, but sidestepped questions regarding his relationship with the ALP and missile defence shield plans.
CBS journalist Dan Rather's exclusive interview with Iraqi president, Saddam Hussein, has incensed the White House, which is warning other media outlets not to be conned by what it terms "this Iraqi propaganda".
In the second of a three-part special report on the role propaganda is playing in the push towards war, Hamish Robertson looks at the propaganda techniques being used by the Iraqi Government in its campaign to influence Western public opinion.
In his speech to the American Enterprise Institute for Public Policy, the US President said he believed a regime change in Iraq would be an inspiration to other Arab nations in the region who aspire to political reform.
After years of international economic sanctions, two-thirds of Iraq's population now depends on Government food handouts, and the United Nations predicts that even these supplies will quickly run out if conflict begins.
Telstra has declared its half-yearly profit, which is down by 44 per cent to $1.8 billion, and it is warning that the outlook for the coming year is very flat.
Indonesia's former Defence Minister and Army Chief, General Wiranto, has hit back at charges filed yesterday in East Timor which accuse him of crimes against humanity.
The Carr Labor Government in New South Wales is breathing a sigh of relief today after the state's anti-corruption watchdog released a report which found that bribery allegations against a senior minister were unfounded.
Economic figures are showing business spending on plant and equipment, buildings, mines and the like were up in the final three months of last year.
There are fears for the future of tiny Pitcairn Island, following authorities announcing that they're going to lay charges against a number of residents accused of rape and sexual assault.


text:
Man Gets 25 Years for Prom Night That Turned Fatal
Eddie Herrera
Houston Police Department
Prosecutors argued that 18-year-old Eddie Herrera choked his girlfriend to death in a hotel room on prom night; the defense said it was a drug and alcohol overdose. The medical examiner ruled her death "undetermined," as the Houston Chronicle reported. So jurors were left to decide instead.
On Wednesday, after a short two-day trial, a Harris County jury sided with the prosecutors, sentencing Herrera to 25 years in prison.
According to the Chron, Herrera and his girlfriend, Jacqueline Gomez, stayed the night in a hotel room after their senior prom, just before graduation from Aldine ISD's MacArthur High School. Prosecutors said Herrera's mother had helped the couple purchase the room — and also helped them out with a couple of bottles of whiskey and 20 pills of hydrocodone. After getting blasted, they had sex, and Herrera, now 20, would later tell police that his girlfriend asked him to squeeze her neck. He would tell the police that the two talked before they went to sleep, only for him to later wake up and find her dead.
All through the trial, the jury had been left to decide what it was that killed Gomez: the drugs or the choking. Herrera, however, was not charged with murder, but with causing serious bodily injury, a first-degree felony, meaning prosecutors didn't have to prove that he killed her.
Upcoming Events
Monster Jam
TicketsSat., Oct. 21, 7:00pm
Ford Park Ball Fields
TicketsTue., Jan. 1, 6:00pm
As the Chron reported, prosecutors pointed out the fact that Gomez had bruises on her neck in order to make her case: "She had hemorrhaging through every layer of her neck," Assistant Harris County District Attorney Justin Wood told jurors in closing arguments, the Chron reported. "Anybody who is able to inflict that kind of injury is doing it with intent."
While the defense may have tried to downplay the injury and emphasize the night's overall recklessness, the jury was apparently not swayed.
As for Herrera's mother, she faces her own drug possession charges, but has yet to be tried.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.
Recommended for You
Powered by SailThru
Upcoming Events
Houston Roller Derby
TicketsSat., Aug. 26, 7:00pm
2017 Advocare Texas Kickoff
TicketsSat., Sep. 2, 8:30pm
Battle of the Piney Woods: SFA vs. SHSU
TicketsSat., Oct. 7, 1:00pm
"The OGs of Comedy"
TicketsFri., Aug. 18, 8:00pmpowered by goldstar
Sponsor Content


text:
Summer course in Fashion Marketing
In the last years, fashion industry has been immersed in a deep and fast transformation process of its productive and organisational structure, provoking relevant changes in the industrial model that has been characterising developed economies during the last 25 years. At the moment, there is clear intensification process of the worldwide competence, which has constrained the sector (both huge companies and entrepreneurs) to make its functions much more professional to respond to the new competitive environment.
The traditional scheme of textile and clothing companies was standing on a mighty industrial foundation and a distribution system in which multi-brand independent stores would predominate. New business chains benefit from a better understanding of markets and the capability to adapt their products to the market's demand, pursuing the commercial margins of industrial activities while optimizing their business efficiency.
All those who work in a fashion marketing and communication department need to be capable of responding to relevant subjects such as defining new business models, consolidating the "brand" value or looking for new consumption trends in order to be able to face them fastly. All things considered, their work is to define the global strategy so other professionals (designers, advertisers, product managers, interior designers, window dressers, …) develop their work jointly, directing their efforts to a common challenge with clear and agreed goals.
Fashion is the field that invests the most in marketing, up to 18%. Investments in brand image are becoming more and more essential for this area, given that to conjure up the brand values in a context where "there is all sorts" means to stand out. That is why fashion companies are the ones investing huge amounts in communication campaigns.
The creation of a quality image, when face to face with an ever stronger competence, can only be achieved by innovation; in this respect, the job performed by this "new professionals" needs to entail processes and transformation ruled in most cases by consumers' new exigencies and advances in other social and technological fields, with new means and materials. This elements are changing relations with clients, commercialization, logistics and communication, as well as the companies' own organization.
The power of citizens, in the digital era we live in, is more important that it has ever been, gathering strength expressing their tastes, opinions or votes. Furthermore, social relations are also changing, which is reflected, in example, by the incredible expansion that communities are experimenting; maybe in future people will mix in a way with nothing to do with what we do nowadays. The voice of consumers (markets) can be heard, can become a digital entrepreneurship, and it must be included in business procedures.
Future professionals of fashion shall be able to provide an answer to the social changes when creating their proposals for markets, to generate highly competitive projects in tune with the main trends of the fashion business:
The business comes defined (and controlled) by distribution.
Increasing relevance of brading at every level.
Brand strategies (channel and product) converge.
- Classic segments (age, wealth) don't make sense anymore, segments are created by experiences, emotions, lifestyle, which are beyond a sole product.
Enhance business creativity.
Provide the student with the necessary skills to face real situations in the field of fashion with a coherence and professionalism.
- Consider the requirements to develop an integral fashion marketing and communication plan: from production to commercialization, analysing commercial and/or sales opportunities (direct sales or by means of showrooms, distribution networks, etc.), passing through assessment for every phase of strategic management: anything related to brand identity and image, international expansion, collaborator research, communication, among many others.
This course is conceived for graduates in fashion design and marketing interested in enhancing their knowledge to go into the sector of professional industry. Salespersons and sales managers who want to acquire a technical knowledge of the field of fashion so they stand out among other professionals. Creatives for several areas (graphic, interior and product design) looking for a broadening in their proposals for clients and interested in applying brand image, fashion production and trends. Creatives and advertising planners on a quest for innovative proposals for their clients in the field of fashion, within brand image and its different applications (events, packaging, labels), as a distinguishing element.
The development of didactic sessions, modules and activities of this Summer Course want to simulate the whole process and professional management inherent in a fashion project. In this way, the course is structured in different types of sessions::
Theoretical lessons
Bring professional information, up-to-date, as well as fundamentals to face the projects posed along the course. In addition, the program provides an extensive bibliography and attached documents with complementary readings.
Experimental lessons: case studies
In a professional context, to analyse and deepen into experiences performed by in-sector companies, is an essential learning. It is not about imitating their strategies, but analysing their fundamentals, applications, repercussion, market, etc., to deduce enough knowledge and analysis to face own challenges with confidence and knowledge.
Experimental lessons: projects
The goal of every Summer Course at IED is to end up developing professional projects, and that is why, all through the course, several practical exercises will be developed, revealing that the follow-up of the course is performed by "work in progress" dynamics. This activities will become a relevant initial contact with real cases that we can find in the professional world.
Some of the subjects, which have a high practical content, will be performed by workshops, practicing fundamental elements such as well-planned work teams, observing the defined briefing for each session.
Throughout the course, didactics will be completed with professional lectures, which put in touch our students with professionals from top-leading companies of the field. Undoubtedly, it is a unique opportunity to learn and contact with professionals from the different fields of fashion.
Duration and frequency:
- Frequency: 4 weeks
- Timetable: Monday to Friday from 10.00 a.m. to 3.00 p.m.
This school offers programs in:
- Spanish (Spain)


text:
Accommodations in OotySee All
Ooty has a different charm in all throughout the year, be it rain, sun or snow. The destination is beautiful with a picturesque scenery and a panoramic view of the Western Ghats along with a plethora of lakes that attract tourists from all over the world.
The best time to visit Ooty is during the summer months when the weather is pleasant and does not hinder the sightseeing process, attractions and exploration. However, if one wishes to avoid the crowds, the months of March to April and October are perfect for experiencing Ooty. The temperatures during this time of the year are pleasant, with the absence of summer crowds, low tariff rates and low probability of rainfall.
Explore the best journey planner for your visit to Ooty and create a flawless plan in few simple steps!


text:
Some slight changes in ixtempuse script (original version here: http://informix-technology.blogspot.com/2016/10/ixtempuse-news-novidades-sobre-o.html)
English version
Review the Informix on cloud presentation, announcement, tips and something more (original version here: http://informix-technology.blogspot.com/2016/09/cloud-replay-and-more-apresentacao-da.html)
English versionLast Monday we had the webcast about the new Informix on Cloud offering. For those who couldn't attend the live conference, the webcast replay is available in the following address:
Curious situation related to sysadmin during an upgrade (original version here: http://informix-technology.blogspot.com/2016/09/sysadmin-during-upgrades-sysadmin.html)
English versionRecently at a customer we were testing an upgrade from 11.50.xC7 to 12.10.xC7W1 and it apparently hanged. That's not what you like to see during an upgrade, even in a test environment.
How do you find which sessions are consuming temporary space? (original version here: http://informix-technology.blogspot.com/2016/09/temporary-space-usage-uso-de-espaco.html)
Informix on Cloud offer webcast. Learn all you need to know about this new option (original version here: http://informix-technology.blogspot.com/2016/09/informix-on-cloud-informix-na-nuvem.html)
Significant issues with version 12.10.FC6 on Linux 64 bits (original version here: http://informix-technology.blogspot.com/2016/09/issues-on-1210fc6-x8664-problemas-com.html)
English versionIBM has recently issued an alert about a serious issue with version 12.10.FC6 on Linux 64 bits platforms.
New version of my IXLocks Open Admin Tool plugin (original version http://informix-technology.blogspot.com/2016/08/ixlocks-oat-plugin.html)
English versionI've uploaded a new version of the IXLocks plugin to GitHub. There is nothing really new in this version, except a fix for a problem that prevent it to work with recent versions of Open Admin Tool.
My company recently purchased new servers with dedicated storage, and any time this happens (and I have the luxury of time to do it), I take the opportunity to re-test my old assumptions concerning what storage configuration(s) work best. The tests are ongoing, and will be for several days now, but I thought it would be fun to ask you all to guess what you think the results will be.*
First, the storage array details:
The last time I tried to mess around with Smart BLOBs was probably in 2007 or 2008. I found that they were buggy and excruciatingly slow. But that was years ago, most likely IDS 10.0. I've got a pretty good use case for them now, and I'm using the latest, greatest IDS 12.10.FC7, so I thought I'd have another look at them.
They're still buggy and excruciatingly slow.
Oracle publishing information about Informix on their servers (original version here: http://informix-technology.blogspot.com/2016/08/informix-in-sparc-by-oracle-informix-em.html )
The Informix Zone
Informix City
Informix Magazine
Contact Information


text:
During their 50th anniversary world tour, Celtic music legends The Chieftains are commemorating the old and celebrating the new.
"We have a super show, as always," said Chieftains founder Paddy Moloney during a recent telephone interview. "After 50 years, we should know how to do it. In the show, we try to put in a little taste of everything that we've been doing over the last 50 years.
"We're going back a little bit to stuff over the years that we've recorded and played on our great musical journey. But it wouldn't be right if we didn't play some of the stuff we recorded for our new CD."
The band, which has been led by Moloney since 1962, is performing tunes from its dozens of popular albums and will showcase songs from its latest release, "Voice of Ages," which features contributions from up-and-comers like Bon Iver, the Decemberists, the Low Anthem, Carolina Chocolate Drops and Punch Brothers, among others.
"We've collaborated with the Rolling Stones, and we've collaborated with Sting, and the idea was to invite these new kids on the block, as I called them, to join us in our music," said Moloney. "When (producer T Bone Burnett) was asked if he would like to join in with me on the making of the album, he said, 'Where do I sign?' He did lead me to a lot of these young groups on the album and he pitched the music to them."
Winners of six Grammy Awards and an Oscar, The Chieftains will visit Athens at 8 p.m. on Friday at the Classic Center.
Moloney, who plays the Uilleann pipes and penny whistle, admitted that he wasn't familiar with many of the artists who appear on the Chieftain's latest album, but he trusted Burnett (whose previous credits include the immensely popular "O Brother, Where Art Thou?" soundtrack) to lead the way.
"In the last 20 years, we've often brought young bands on tour to give them a hand and to put them on the world's stage," Moloney said. "I didn't have to do that with any of these artists. … Most of them I've never heard tell of. So I have to thank T Bone for putting us in touch with that. When I heard each group's music, I would jot down a few songs that I thought we would blend well on and what they'd be comfortable with."
The list of The Chieftains' accomplishments through the past half century is staggering. Besides being the first Western musical ensemble to perform on the Great Wall of China in 1983, The Chieftains gave the first concert in the Capitol Building (at the invitation of former House Speaker Tip O'Neill), have been officially recognized as "Ireland's Musical Ambassadors" and the band performed for Queen Elizabeth during her visit to Ireland in 2011.
But one of the band's most recent feats is — literally — out of this world.
In 2010, Irish-American astronaut Cady Coleman took Moloney's penny whistle and Matt Molloy's 100-year-old flute with her when she spent 159 days on an International Space Shuttle mission, and she played the instruments live from space for a National Public Radio broadcast.
"She took my tin whistle and Matt Molloy's flute up in space for six months and she loved Irish music," said Moloney. "I gave her a tune to record, then I (tried to) connect with her in Dublin. It didn't quite work out technically, but she did send us a tape where she's talking to us, and I used the exact same recording. She'll be with us in Kennedy Center (on March 16) and will present us the flute she took with her."
Moloney, who said The Chieftains planned to perform with a local pipe band at the Classic Center, shared his vision for the group's St. Patrick's Day concert, which will be held at Carnegie Hall in New York City.
"Oh my God, it's going to be crazy," he laughed. "I asked for 20 pipers for a pipe band, and there's a Breton pipe band from Brittany coming as well. We're going to have something like 60 pipers onstage at the end of it, plus all my dancers and players. It's going to be a mad, mad night."
When The Chieftains' debut album was released, popular music was embargoed by The Beatles, the Rolling Stones, Elvis Presley and even Frank Sinatra. Suffice it to say, it was perhaps not the best time to launch a traditional Irish band, but it appears all has worked out well for Moloney and his mates.
"I can't believe the time has just flown by," Moloney said. "It's been an incredible journey for us. Maybe we weren't up there with the big stars and we didn't have massive hits, but there's always something going on. We've been able to do films, and stuff still happens. Offers are still coming in for various projects. And the touring! We've cut back enormously on that, but this year, because of the 50 years, we're taking it all over the world — three weeks in Japan, UK, festivals in Europe, coming back here again for two weeks and then China. It's been such a great journey."


text:
Lyrics Depot is your source of lyrics to Bondage by Anvil. Please check back for more Anvil lyrics.
Artist: Anvil
Album: Hard'n'Heavy
Tie me down you mean old bag
Wrench the ropes down leave no sag
Crack the whip across my back
I love your hot and nasty attack
Oh bondage I'm uptight
Dig the feeling it's alright
Oh bondage I'm uptight
Dig the feeling it's alright
Tourniquets that could stop a flood
Cease the circulation of my blood
The sensation it is very rare
Don't stop it's too much to bare
It's so tight that I have to moan
You leave me empty, dry as a bone
Body's marred by torturous rope
I just can't quit it's too much to cope
Yeah to cope
Anvil Lyrics
Anvil Hard'n'Heavy Lyrics
More Anvil Music Lyrics:
Anvil - 666 Lyrics
Anvil - Bullshit Lyrics
Anvil - Corporate Preacher Lyrics
Anvil - Killer Hill Lyrics
Anvil - Man Over Broad Lyrics
Anvil - Oh Jane Lyrics
Anvil - Paper General Lyrics
Anvil - Truth Or Consequence Lyrics


text:
Every day they changed the key so we had to go to the lobby in the cold. The second night, there was only 1 towel in the room and after already making a trip for a new key, just used the hand towels to dry. Breakfast was good, room was clean.
- Official Description (provided by the hotel):
- Welcome to Hawthorn Suites by Wyndham Wichita East. Our pet-friendly hotel near Exploration Place is perfect for an extended stay or weekend getaway. Wake up each morning to our free hot breakfast buffet, then go for a refreshing swim in our outdoor pool, relax in our hot tub or take advantage of free passes to the local Genesis Health Club. Stay connected to home and the office with free Wi-Fi, then head to your spacious suite, equipped with a full kitchen. Free parking for cars and trucks of all sizes as well as dry cleaning services and handicapped-accessible and non-smoking suites are available at our Wichita, KS hotel. Join us Monday through Thursday for drinks and hors d'oeuvres at our weeknight social hour. ... more less
- Reservation Options:
- TripAdvisor is proud to partner with Booking.com, Hotels.com, Priceline, Expedia, TripOnline SA, Travelocity, Cancelon, Hotwire, Cheap Tickets, getaroom.com and HotelQuickly so you can book your Hawthorn Suites by Wyndham Wichita East reservations with confidence. We help millions of travelers each month to find the perfect hotel for both vacation and business trips, always with the best discounts and special offers.
- Also Known As:
- Hawthorn Suites By Wyndham Wichita East Hotel Wichita
- Hawthorn Hotel Wichita


text:
The Hohojirozame, or "white-cheeked shark", was the largest breed of shark found in Rokugan's water. It had jaws powerful enough to bite a grown man in half. [1]
See also Edit
- ↑ Enemies of the Empire, p. 16
|This article is a stub. That means that it has been started, but is incomplete. You can help by adding to the information here.


text:
Awesome Enthusiest Budget Board!
Pros: Full ATX Board - High Quality Material - IDE Support - On-Board Video - Feature-rich Bios - SATA III - USB 3.0 - Stylish Color Scheme - A Slew of OC
Cons: Not AM3+ So no cheap upgrade path in the future - Could use at least one more fan connector
I have been rocking this board for about 2.5 years. It has performed better than any board I have ever used to date. I hope I get at least 3 years more from it. High quality and solid parts used with my build and this board compliments them all really well. The amount of features and the price (at the time) was totally worth it. Overclocks with ease. It's a very feature-rich motherboard with older, useful options your not likely to find on newer boards these days. (IDE support, on board video ect.) This thing overclocks like a dream. Not a single issue with the durability of this product as it handles a fair share of stress from my games, benchmarks, media consumption all while...(read more)


text:
Shingles (herpes zoster) is a viral disease characterized by a painful skin rash with blisters that appears along a band or stripe (called a dermatome) on either other one side of the body or the next.

The condition is caused by the reactivation of the varicella zoster virus (VZV), an airborne virus which causes chickenpox (varicella) in initial infection.

With more than 99% of Americans having been infected with VZV, the risk of developing shingles is surprisingly high. In fact, according to the Centers for Disease Control and Prevention (CDC), nearly one out of three adults in the U.S. will develop shingles during the course of a lifetime.

Knowing the early signs and symptoms of shingles—as well as ways to avoid the risk of an outbreak—may help reduce the severity of this confounding and often painful condition.

Source:

U.S. Centers for Disease Control and Prevention (CDC). "Shingles (Herpes Zoster): Clinical Overview." Atlanta, Georgia; May 1, 2014; accessed January 12, 2016.

The speed by which a shingles outbreak can develop can often be astonishing, with the progression from hives to rash to blisters often occurring before one's very eyes.

But even before the disease manifests physically, there often early signs that many people either miss or misdiagnose. These typicall occur 2-7 days before a rash actually appears, but can take up to three weeks in some cases.

The very earliest signs of an outbreak can include:

General malaise, headache and even slight fever, sometimes developing during periods of stress or physical exhaustion when you feel especially run down. A sensitivity to light (photophobia) is also known to occur in cases with ocular (eye) involvement and should suggest that this is something more than just a case of general malaise or exhaustion.

An uncomfortable to painful sensation is felt along a specific (localized) part of the body, which people often independently describe as being a burning, stinging, tingly, prickly, itchy, numbing, aching or shooting pain.

The pain can either be persistent or intermittent, but during the course of a day or so two things will become apparent: the pain will either be on the left or right side of the body in a stripe or belt-like pattern, rarely crossing over over the mid-line; and the irritation will feel more like a nerve pain, involving more than just the skin and/or muscles.

Depending on the location of the pain, it can sometimes be mistaken for sciatica if running from the lower back down the leg; a herpes outbreak if occurring around the lips or cheeks; a migraine if running along the eye and ear; a kidney-associated pain if occurring on the lower back and sides; or a heart or lung problem if presenting on the upper torso.

When the rash first appears, it is generally hive-like in appearance with pale, raised, itchy bumps. It soonafter enters the eruptive stage, characterized by vesicular blisters which can easily burst and crust over. Early antiviral therapy—by way of a 7-10 day course of acyclovir (Zovirax) or valacyclovir (Valtrex)—may significantly reduce the severity, duration and post-infection complications of a shingles outbreak.

Source:

U.S. Department of Health and Human Services (DHHS). "Herpes: Varicella Zoster Virus." Silver Spring, Maryland; accessed January 12, 2016.

Shingles most commonly occurs on the torso, although it can develop along any specific region of the skin which is supplied by a single spinal nerve. This region is called a dermatome and helps explain the pattern of pain and rash in a shingles outbreak.

After a person is infected with VZV and has chickenpox, the virus will remain dormant on nerve cells, kept in check by antibodies specific to the virus which circulate in the body and prevent it from reactivating.

However, during periods when a person's immune function is low, the viruses along a specific nerve branch can reactivate. And since the branches don't cross the mid-line of the body, the condition will manifest with the classic, bilateral pattern on either one half of the body or the next.

Outbreaks can also involve two adjacent dermatomes, but rarely two, non-adjacent deratomes. The exception may be in severely immune comprised individuals, such as those with advanced HIV, who are at greater risk of disseminated shingles (i.e., occurring in three of more dermatomes), shingles of the eyes or internal organs, and a recurrence of shingles within six months.

Source:

Blanks, L.; Polydefkis, M.; Moore, R.; et al. "Herpes zoster among persons living with HIV in the current antiretroviral therapy era." Journal of Acquired Immune Deficiency Syndromes. October 1, 2012; 61(2):203-207.

Shingles most commonly affects adults over the age of 50. This is mostly likely due to reduced levels of cellular immunity, which tend to decline the older we get.

However, shingles is known to occur at most any age. It is believed that children, for example, who develop chickenpox during infancy are unable to develop an ample immune defense simply because their immune systems were immature at the time of infection. In these cases, shingles can present in when they are in their early adulthood or even in their childhood years.

But older age still remains the predominant risk factor associated with shingles, nearly quadrupling in risk among adults aged 65 and older when compared to the general U.S. population.

Additionally, 5% of those affected will likely experience a second attack. There is still little know as to what actually triggers a shingles outbreak.

Other risk factors can include:

 HIV infection, which is associated with immune suppression

Cancer, especially leukemia and lymphoma

Depressed immune responsiveness caused by stress or a traumatic event

Prolonged exposure to steroids, such as prednisone

Transplant-related immunosuppressive medications

Shingles incidence also tend to be higher in men than women (4:3, respectively) and among whites vs. blacks (3:1, respectively).

Based on the current data, the U.S. Food and Drug Administration (FDA) has recommended the use of the shingles vaccine (Zostavax) in all adults 50 years of age and older. While it is typically avoided in people with HIV, there is growing support for its use in individuals with higher levels of immune function.

Sources:

Insinga, R.; Iztler, R.; Pellisier, J.; et al. "The Incidence of Herpes Zoster in a United States Administrative Database." Journal of General Internal Medicine. August 2005; 20(8):748-753.