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Cost of Production Analysis for Coal Mining

The document discusses the cost of production for a coal mining business in the 2009 financial year. It states that the total cost of production was Rs. 4247.17 per metric tonne based on direct expenses of Rs. 10830.28 for a total production of 2.55 metric tonnes. Sales were Rs. 8242.75 for 1.95 metric tonnes sold, working out to Rs. 4227 per metric tonne. The document also asks several clarifying questions about ownership of the mine, payment of royalty, purchase of coal from third parties, projected sales figures, changes to the company name, bank loan limits, ownership of lorries, diesel charges, and the appearance of loss of stock and creditors

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4 views2 pages

Cost of Production Analysis for Coal Mining

The document discusses the cost of production for a coal mining business in the 2009 financial year. It states that the total cost of production was Rs. 4247.17 per metric tonne based on direct expenses of Rs. 10830.28 for a total production of 2.55 metric tonnes. Sales were Rs. 8242.75 for 1.95 metric tonnes sold, working out to Rs. 4227 per metric tonne. The document also asks several clarifying questions about ownership of the mine, payment of royalty, purchase of coal from third parties, projected sales figures, changes to the company name, bank loan limits, ownership of lorries, diesel charges, and the appearance of loss of stock and creditors

Uploaded by

rachanajain
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd

Cost of production-

Includes which items?

Diesel?dep?
Inclusive of royalty? If not, cost:3100+1350= 4500 and SP= 3800. loss=700
According to last year,
cost of production
direct expenses = 10830.28
/ production = 2.55
= cost of production = 4247.17 now stands at 3100??

Sales =8242.75
/ mt sold =1.95
Per mt =4227 now at 3800??

Financial Year 2009 being the maiden year of the aforesaid lease agreement and also of
our Coal Mining Business hence the total dependency for the stock was through own
extraction from our own mines at Langmar. Being the first year of mining we did not
experiment and focus much on the Coal Purchase part from any third source. This coal
stock as mentioned by you i.e. 27525 MT is totally our own stock which was stacked at
our own coal depot as on 31.03.2009.

1. owner of the mine??


2. if you- why is royalty paid?
3. what do you mean by purchase of coal?\

Projected sales [Link] March ’11?


The name of Dev Ispat was changed in August ‘1o, then how has B/S been prepared for
09-10 in the name of Bhavya global?
In MOA, why does the name appear as Bhavya Global Pvt> ltd? wen it is a public ltd.
co.?
Has the consent letter been procured from Allahbad Bank for change of name and type?
Copy of the letter?
Limits sought?
Existing-TL-8.30+.8(adhoc), CC-3.69 cr.
OS-TL-8.77 crores, CC-2.84 cr

Income as it appears is mainly from lorry hire charges-


Owner of lorry?
If you then in expenses lorry hire charges?

Diesel charges?
Loss of stock by flood appears as income?
No creditors in audited. Appears in prov. 31.12.10. ??

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