Uttam Sugar Mills : Annual Report 2021-22

CORPORATE OVERVIEW

STATUTORY REPORTS FINANCIAL STATEMENTS

What UTTAM is

Established in 1960, the Group has grown from a single unit entity to a corporate

giant with interests in diverse fields. Uttam's Core team of experienced and qualified professionals have together ensured that the Group has remained at the forefront of industry developments and breakthroughs. We are the biggest turn key projects Sugar plant installation company in India.

Uttam Sugar Mills Limited is committed to produce high quality sugar and value added by-products and strives for continuous improvement in all its activities.

Uttam Management strives to create long term value for its Shareholders. We also believe in good Corporate Governance which is essential for achieving long term corporate goals. We are

committed to implement sound Corporate Governance practices

to ensure transparency in the operations.

Contents

Notice	1
Directors Report	13
Corporate Social Responsibility	28
Business Responsibility Report	32
Corporate Governance Report	40
Management Discussion & Analysis	58
Auditors Report	69
Balance Sheet	80
Profit and Loss Statement	81
Cash Flow Statement	82
Notes to accounts	84

CORPORATE OVERVIEW

STATUTORY REPORTS FINANCIAL STATEMENTS

CORPORATE INFORMATION

[CORPORATE IDENTITY NO. (CIN): L99999UR1993PLC032518]

Board of Directors

Mr. Raj Kumar Adlakha

Managing Director

Mr. Shankar Lal Sharma

Executive Director

Mr. G. S. Matta

Non-Executive Director

Mr. Narendra Kumar Sawhney

Independent Director

Mrs. Rutuja Rajendra More

Independent Director

Mr. Jasbir Singh

Independent Director

Mr. Ravi Kumar Independent Director (w.e.f. 10.08.2022)

Factories

Unit-1

(Sugar, Co-generation &

Distillery)

Village Libberheri, Tehsil Roorkee

District Haridwar,

Uttarakhand-247667

Unit-2 (Sugar, Co-generation & Distillery)

Village Barkatpur, Tehsil Najibabad District Bijnor (U.P.)

Unit-3 (Sugar &

Co-generation)

Village Khaikheri Tehsil & District Muzaffarnagar (U.P.)

Unit-4 (Sugar &

Co-generation)

Village Shermau, Tehsil Nakur District Saharanpur (U.P.)

Key Managerial Personnel

Mr. G. Ramarathnam

Chief-Legal and Corporate

Affairs & Company Seceretary

Mr. Rajesh Garg

Joint Company Secretary & Compliance Officer

Mr. Sanjay Bhandari

Chief Financial Officer

Registered Office

Village Libberheri, Tehsil Roorkee, District Haridwar, Uttarakhand - 247667 Website : www.uttamsugar.in E-mail : [e-mail]

Corporate Office

A-2E, 3rd Floor, C.M.A. Tower, Sector - 24, Noida - 201 301 (U.P.)

Tel. : 0120 - 4525000 E-mail:

[e-mail]

Auditors

Statutory Auditor

M/s SSVS & Co.

Chartered Accountants

Ghaziabad (UP)

Secretarial Auditor

M/s N. K. Rastogi & Associates Company Secretaries, Delhi

Bankers

Punjab National Bank IDBI Bank Ltd. Indian Overseas Bank State Bank of India Uttarakhand State Co-operative Bank Ltd.

Zila Sahkari Bank Limited (Ghaziabad)

Zila Sahkari Bank Limited (Bijnor)

Muzaffarnagar District

Co-operative Bank Ltd. District Co-operative Bank Ltd. (Saharanpur)

District Co-operative Bank Ltd. (Bulandshahr)

OUR

MISSION & VISION

The Desire:

Our Desire is to serve best quality of Sugar to the people and spread sweetness in their lives.

To Excel:

We want to excel our self by using our years of experience and to refine us as a better corporate leader in the area of Sugar manufacturing.

MISSION & VISION

The Determination:	To Deliver:
We have a determination to make best	We as a Good Corporate have a Social
quality of Sugar and we assure you the	Responsibility to deliver best products
good health.	to the Nation.

CORPORATE OVERVIEW

STATUTORY REPORTS FINANCIAL STATEMENTS

OUR

MANUFACTURING

FACILITIES

Libberheri [Unit-1]			Barkatpur [Unit-2]
USML set up its first	unit at	Libberheri,		The sugar mill at Barkatpur is located in
Tehsil Roorkee, District Haridwar, Uttara-
	the Tehsil - Nazibabad,	District - Bijnor
khand in 2000-01 for manufacturing sugar
	(Uttar Pradesh). It was	commissioned in
using Double Sulphitation (DS) process
	January 2006 at a capacity of 3,500 TCD
with a capacity of 2,500 TCD along with
	and since then has been expanded to the
co-generation facilities of 6 MW of power.
The company commenced	commercial		present crushing capacity of 7,000 TCD
production on January 12, 2001. In subse-		and co-generation facilities of 53 MW.
quent years, the capacity of the plant was		Ethanol production has also commenced
enhanced in phases to 6,250 TCD and co-		operations from 2012 and has installed
generation facility to 16 MW of power by		capacity of 150 Kilo Litres per Day (KLPD)
2004, which was subsequently enhanced		presently. The plant is ideally located with
to 29 MW presently. The company also		respect to the availability of raw material,
implemented process up-gradation by		water, skilled and unskilled manpower and
installing "Defeco	Remelt	Phospho		infrastructural facilities.
Floatation Process" (DRP) with The region
is situated in the Gangetic Plain which has
ample water supply due to the high water
table.

Khaikheri [Unit-3]			Shermau [Unit-4]
The company	set up the sugar mill to
	The company has set up the sugar mill to
manufacture	premium	quality	white
	manufacture premium quality white sugar
sugar with an installed capacity of 4,500
	with installed capacity of 6,000 TCD along
TCD along with	co-generation capacity
	with co-generation capacity of 25 MW at
of 15 MW at	village	Khaikheri, Dist.
	village Shermau, Dist. Saharanpur, Uttar
Muzaffarnagar,		Uttar	Pradesh.	Which
		Pradesh which commenced production in
commenced production in January 2007.
	April 2007.