7.3.1 Over view
The FCI Aravali Gypsum and Minerals India Limited (FAGMIL) was incorporated under the Companies Act, 1956 as a Public Sector Undertaking on 14.02.2003 after being hived off the Jodhpur Mining Organisation (JMO) of Fertilizer Corporation of India ltd. (FCIL). The authorized share capital of the Company is Rs. 10 crore and the paid up capital is Rs. 7.33 Crore as on 31-03-2014.
7.3.2 Vision / Mission
7.3.2.1 Vision
To become a leader in Mining of strategic minerals including gypsum for reclamation of land, improving the health of the soil with sulphur nutrients, infrastructure development through supply of ROM gypsum to cement industries and producing various types of Fertilizers.
7.3.2.2 Mission
The Company’s mission is to establish and carry on in India or in any part of the World all kinds of business relating to Gypsum and other minerals and their by-products and manufacture of various types of fertilizers, all organic and inorganic chemical compounds including by products, derivatives and mixtures thereof.
7.3.3 Industrial / Business Operations
7.3.3.1 Financial Performance
In Crore Rs.
|
Parameter |
2013-14 |
2014-15 (upto 31.12.2014) |
|---|---|---|
|
Total Income |
103.91 |
65.13 |
|
Profit Before Tax |
44.99 |
29.17 |
|
Net Profit |
30.46 |
19.26 |
|
Dividend |
9.31 |
- |
|
Net Worth |
150.64 |
169.90 |
7.3.3.2 Physical Performance
In LMT
|
Product |
Production Capacity |
Production Performance |
||
|---|---|---|---|---|
|
|
2013-14 |
2014-15 (upto 31.12.2014 |
2013-14 |
2014-15 (upto 31.12.2014 |
|
Gypsum |
10.25 |
10.25 |
8.03 |
5.07 |
7.3.4 Performance Highlights
7.3.4.1 Physical Performance
During the current year 2014-15 upto 31.12.2014, the Company has produced 5.07 lakh MT as against the revised annual target of 10.00 lakh MT. the sales during 2014-15 upto 31.12.2014 were 6.02 lakh MT as against the sales of 8.02 lakh MT for the entire previous year.
7.3.4.2 Financial Performance during the year 2014-15
During the year 2014-15 upto 31.12.2014, the Company has achieved a provisional Profit before Tax of Rs. 2917.35 lakhs against the revised targets of 4497.22 lakhs for the entire year. The actual PBT for the year 2013-14 was Rs. 5210.92 lakh (Profit before Exceptional items & tax) and net profit of Rs. 3045.99 Lakhs. Company paid a dividend of Rs. 930.88 Lakh @ Rs. 12.70 per share of Rs. 10/- each and a dividend tax amounting to Rs. 158.20 lakh thereon.
7.3.5 Human Resource Management
7.3.5.1 Manpower as on 31-12-2014
|
Group |
Total Employees |
Number of employees belonging to |
||||
|---|---|---|---|---|---|---|
|
SC |
ST |
Ex-Servicemen |
Physically Handicapped |
OBC |
||
|
A |
25 |
5 |
1 |
0 |
0 |
2 |
|
B |
13 |
0 |
0 |
0 |
0 |
4 |
|
C |
17 |
2 |
1 |
0 |
0 |
3 |
|
D |
07 |
1 |
0 |
0 |
0 |
0 |
|
TOTAL |
62 |
8 |
2 |
0 |
0 |
9 |
7.3.5.2 Redressal of Public Grievances
Grievance Cell is functioning to redress the public and staff grievances and no grievance is pending as on date.
(i) For Public grievance-
Head Office at Jodhpur receives the public grievances, which are redressed by the Grievance Cell. At present, no grievance is pending.
(ii) For Staff Grievance-
- a. The employees who are working in various Mines are advised to submit their grievances through the respective Area Managers to General Manager.
- b. The employees working at Head Office, Jodhpur, route their grievances through Sectional Heads to General Manager. At present, no grievance is pending.
7.3.5.3 Welfare Measures
- i. Welfare, Development and Empowerment of Women
The company is taking due care towards women empowerment.
- Welfare of SCs & STs
The company is also implementing various social scheme for the welfare of society and employees under which it provides scholarship, tuition fee (for 2 children) and reimburse the cost of study material to children of employees.
7.3.5.4 Training (2014-15) as on 31.12.2014
|
S. No. |
Course Name |
Nos. of official attended the course |
Place |
Duration (in days) |
|---|---|---|---|---|
|
1. |
Workshop on "E-Governance Program Leveraging Information Technology Initiatives" |
1 |
New Delhi |
1 |
|
2. |
Workshop on "Directives on Reservation Policy" |
1 |
Jodhpur |
1 |
|
3. |
Workshop on "Estimating Sodium Content in Mineral Gypsum" |
1 |
Jaipur |
5 |
|
4. |
Seminar on "Companies Act" |
1 |
Jodhpur |
1 |
|
5. |
Workshop on "Directives on Reservation Policy" |
1 |
Jodhpur |
1 |
|
6 . |
Practical Skill Development Training at Shri Cement, Beawar |
3 |
Beawar |
3 |
|
7. |
Functional Requirement |
5 |
Jabalpur |
5 |
|
8. |
Practical Skill Development Training at Shri Cement, Beawar |
4 |
Beawar |
3 |
7.3.6 Corporate Social Responsibility and Sustainable Development (CSR/SD)
As a part of society, the company undertakes socio economic and community development programs to promote education, improvement of living conditions by Self Help Group (SHG) in villages located in the vicinity of the mines. For this the company developed a CSR scheme and makes provision by transferring a portion of its profit every year. This year Rs. 90 Lakh (previous year CSR Rs. 96 lakh) was appropriated to CSR & SD fund out of which Rs. 90.40 lakh (previous year Rs. 100.17 lakh) was spent on promoting education, medical aid, afforestation, construction of community centre, classrooms and bus stands etc.
7.3.7 Awards
The company achieved “Excellent” rating of MOU for the year 2013-14 with MoU Composite Score of 1.409 &stands second in Fertilizer PSU’s and has ranked fifth among all “Steel & other Minerals group”.
7.3.8 Other Developments
SSP Plant:
The Company intends to install an SSP Plant in Rajasthan. A feasibility report has already been prepared for installing an SSP plant and accordingly it is expected that SSP production may start by the mid of 2016-17 for which a land admeasuring 11 Hectare (approx.) was acquired in district Chittorgarh during the year 2013-14. The Environmental Clearance for the project is under process.
Construction of Office Building
The Company intends to construct an Office building for which the Jodhpur Development Authority has allotted the land admeasuring 1560.00 sq.mtrs., during the year 2014-15.