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Annual Report 2008-09 LABORATORIES LIMITED
It all started with 4 drops
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Corporate Identity 2
Corporate Information 4
Milestones.
From the CMD's Desk.
Generating Value. . . 14
Enhancing Value 18
Value Creators 22
Safeguarding Value 28
Emerging Value 32 Purity. Freshness. Grace. Beauty. Management Discussion & Analysis 36 Elegance. Soft and flowing. Imageries that come to mind when one sees Notice 49 swans in their various habitats,
Images and attributes which bear Directors' Report 53 striking resemblance to what our basket of products and services offer. Report on Corporate Governance 58 Presenting our annual report - using the enigma of swans in a suggestive Auditors Certificate on Corporate Governance . . 65 depiction of our various sections. Standalone Financials 66
Consolidated Financials 101
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V A L U E FOR MONEY
T h e M a n t. r a For Gusto m e r Satisfaction
Quality has always been a derivative of strong values. When One by one, our mission of providing simple, reasonably a company has idealistic values toward product attributes, priced, conveniently packaged and easily available goods commitment to customers, innovativeness and financial were phased in. Each an offering that touched the lives of operations - quality faithfully follows! And so it is with Jyothy consumers in a binding way. The cyciothrin powered
Laboratories Limited. We offer products that play a holistic mosquito repellent 'MAXO'. Utensil cleaners under the
role in the day-to-day affairs of Indian households. Products brand name 'EXO'. Fragrance Incense sticks called 'MAYA'. that clean, whiten, refreshes, delights and protects. It is a A range of personal care products under the brand name value proposition that glowed to full glory when we 'JEEVA'. introduced our flagship brand - UJALA - a liquid fabric whitener. A product that has gone on to become a symbol of Today, we pause in our tracks to look back with pride and purity and integrity. Across the length and breadth of the ahead with confidence. But the pause is brief, for we see a
nation, 'Char boondo waala became a slogan that was speck on the horizon - the millions of households more who chanted from millions of households. need us!
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CORPORATE IDENTITY
Profile Plants Founded in 1983 21 manufacturing facilities across 14 locations, Trichur, Wynad, Roorkee, Pondicherry, Chennai, Hyderabad, Engaged across the complete FMCG product cycle Bhubaneshwar, Bankura, Guwahati, Baddi, Silvassa, - management: research, manufacture, marketing and Salem, Jammu and Pithampur proximate to branding consumer locations Marketing a range of daily household and Most plants are ISO 9001 and ISO 14000-certified personal care products. Headquartered in Mumbai with a nationwide distribution network People Network of more than 3,000 distributors Product segments Motivated team of more than 1,500 marketing and sales members Fabric care Employee strength of over 3,500 Household insecticides 40 depots to service customer requirements Surface cleaning preparations Air care (incense sticks/aroma sticks) Personal care products -"•*• Presence Pan-India presence across large population clusters Prominent brands Products accessible across more than 750,000 Indian households Ujala (flagship): Liquid fabric whitener Exports to 14 countries including Sri Lanka, Maxo: Mosquito repellent Bangladesh, Mauritius, Malaysia, UAE, HongKong , • and Saudi Arabia. Exo: Dishwashing soap and dishwashing scrubber Ujala Stiff & Shine: Fabric enhancer Jeeva: Personal care toilet soap Maya: Incense sticks Ujala Detergent: Detergent washing powder,-, 1 ^ -JIT ^^J ii&sw'~E~Si~ ijTtAjS.^.aiStof-xiSfJl^Jft*™
2 | Jyothy Laboratories Limited
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26 years.
A life time for some.
A quarter of a century for many.
Just two-and-a-half decades for us at Jyothy Laboratories.
Of delighting consumers.
Enriching employees.
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CORPORATE INFORMATION
Board of Directors
Executive Directors Non Executive Directors
M. R Ramachandran Nilesh B. Mehta Chairman & Managing Director Independent Director
K. Ullas Kamath K. R Padmakumar Deputy Managing Director Independent Director
M. R. Jyothy Bipin R. Shah Whole-time Director Independent Director
Company Secretary Statutory Auditors M.L. Bansal S.R.Batliboi & Associates
Solicitors & Advocates Bankers Law & Prudence The Federal Bank Ltd. V Lakshmikumaran ICICI Bank Ltd. Vaish Associates Axis Bank Ltd.
Registered Office Registrars & Share Transfer Agent UJALA HOUSE Link Intime India Private Limited Ramkrishna Mandir Road C-13 Pannalal Silk Mill Compound Kondivita, Andheri (East) L. B. S. Marg, Bhandup (West) Mumbai - 400 059. Mumbai - 400 078.
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MILESTONES
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•Acquires trademark and copyright for the More Light and Ruby •Launches Exo Award* for Maxo by the brands Liquid in South India •Got listed in NSE/BSE All India Advertisers •Launches Ujala Stiff Association & Shine in South India
•Launches Ujala all over India • Commissions the Pondicherry plant, our first in a backward area utilising government incentives
•Launches Nebula, an oil based anti-bacterial washing soap in Kerala
• Ujala is sold house to house through a team of . R Ramachandran six sales people in the starts Jyothy Trichur and Malappuram Laboratories as a districts in Kerala proprietary concern in Kerala Ujala is launched www.reportjunction.com www.sansco.net & www.reportjunction.com
2008
2009
2001
2002
2000
1987
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CMD'S VALUE STATEMENTS
Always Aiming Ahead
We understood that providing Value was all about
making products easily available at affordable prices,
to enable the common man and especially the rural
masses find Value for their hard earned mo:
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