National Fertilizers : Annual Report

TH ANNUAL

47REPORT

2020-2021



National Fertilizers Limited

CONTENTSCONTENTS

	PAGE
Management Team	2
Board of Directors	3
Chairman's Message	4
Awards & Achievements	7
Performance at a Glance	8
Board's Report	10
Management Discussion and Analysis Report	30
Business Responsibility Report	43
Corporate Governance Report	51
Certificate of Secretarial Auditor on Corporate Governance & Management's
Explanation to Secretarial Auditor's Observations	81
Annual Report on Corporate Social Responsibility Activities	86
Particulars with respect to Conservation of Energy (Form A)	92
Particulars with Respect to Conservation of Energy, Technology
Absorption and Foreign Exchange Earning & Outgo (Form B)	93
Report on Safety, Environment and Sustainable Development	95
Particulars of Loans, Guarantees, Security and Acquisition under Section
186 of the Companies Act, 2013 (Form MBP-2)	97
Joint Venture/ Associate Companies (Form AOC-1)	98
Related Party Disclosures (Form AOC-2)	100
Report on Procurement from Micro and Small Enterprises (MSEs) during 2020-21	101
Initiatives taken for development of employees belonging to Scheduled Caste/Scheduled
Tribes/Other Backward Classes (SC/ST/ OBC categories)	103
Secretarial Audit Report & Management's Explanation to Secretarial Auditor's observations	105
Secretarial Compliance Report	111
Certificate of Non-Disqualification of Director	116
Director's Profile	117
Independent Auditors Report (Standalone)	121
Balance Sheet (Standalone)	135
Statement of Profit & Loss (Standalone)	136
Cash Flow Statement (Standalone)	137
Statement of Changes in Equity (Standalone)	138
Company Overview and Significant Accounting Policies (Standalone)	139
Notes to Financial Statements (Standalone)	148
Independent Auditors Report (Consolidated)	195
Balance Sheet (Consolidated)	204
Statement of Profit & Loss (Consolidated)	205
Cash Flow Statement (Consolidated)	206
Statement of Changes in Equity (Consolidated)	207
Company Overview and Significant Accounting Policies (Consolidated)	208
Notes to Financial Statements (Consolidated)	217

MANAGEMENT TEAM

BOARD LEVEL

Sh. Virendra Nath Datt

Sh. Yash Paul Bhola

Director (Finance) & CFO

Vigilance

Corporate Affairs

Human Resource

Marketing & Law

Technical & Projects

Finance & Accounts

Marketing

Projects

Human Resource

Information Technology

Materials

Marketing

Chairman & Managing Director and

Director (Marketing)

	Sh. Nirlep Singh Rai
	Director (Technical)
CORPORATE OFFICE
Sh. Lalit M. Pandey, IRSME	Chief Vigilance Officer
Sh. Sohan Lal	Executive Director
Sh. Dinesh Sood	Executive Director
Sh. Anil Motsara	Executive Director
Sh. S. K. Shukla	Executive Director
Sh. J. Ramesh	General Manager
Sh. Dhir Singh	General Manager
Sh. J. Chopra	General Manager
Sh. B. V. Vittal	General Manager
Sh. H. K. Varshney	General Manager
Sh. B. Lakshmi Narayanan	General Manager
Sh. Avijit Roy	General Manager

UNIT HEADS

Sh. J. S. Singh		Sh. Rakesh Kumar Markan		Sh. Ratnakar Mishra		Sh. Vijay Kant Goyal
Executive Director		Chief General Manager (I/c)		Chief General Manager		General Manager (I/c)
Vijaipur Unit		Nangal Unit		Panipat Unit		Bathinda Unit
Sh. Rajan Kanwar		Sh. S. K. Srivastava		Sh. B.B. Grover		Sh. H. R. Gupta
GM (O&M)		CGM (O&M)		GM ( O&M)		GM (O&M)
Ashok Jha		Auditors		Auditors	Registrar & Transfer Agents
Company Secretary Arun K Agarwal & Associates	Mehra Goel & Company		MAS Services Limited
A-14100		Chartered Accountants,	Chartered Accountants,		T-34, IInd Floor,
		New Delhi		New Delhi		Okhla Industrial Area-II
						New Delhi-110020

BOARD OF DIRECTORS

Seated : (L-R) Standing : (L-R)

Sh. Dharam Pal

Sh. Yash Paul Bhola

Additional Secretary, Department of Fertilizers

Sh. Virendra Nath Datt

C&MD and Director (Marketing)

Sh. Partha Sarthi Sen Sharma

Joint Secretary, Department of Fertilizers

Director (Finance)

Sh. Nirlep Singh Rai

Director (Technical)

Sh. Pandya Ashwinkumar Balvantray

Non-official Independent Director

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