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Introduction Introduction Kansai Nerolac Paints Ltd (Bse: 500165, Nse: Kansainer) (Formerly Known As Goodlass Nerolac Paints Ltd) Is The Largest Industrial Paint And Second Largest Decorative Paint Company Of India Based In Mumbai. It Is A Subsidiary Of Kansai Paint Of Japan. It Is Engaged In The Industrial, Automotive And Powder Coating Business. It Develops And Supplies Paint Systems Used On The Finishing Lines Of Electrical Components, Cycle, Material Handling Equipment, Bus Bodies, Containers And Furniture Industries. History[ 1920 : It Started As Gahagan Paints & Varnish Co. Ltd. At Lower Parel In Mumbai. 1957 : Goodlass Wall Pvt. Ltd. Grew Popular As Goodlass Nerolac Paints (Pvt.) Ltd. Also, It Went Public In The Same Year And Established Itself As Goodlass Nerolac Paints Ltd. 1976 : Goodlass Nerolac Paints Ltd. Became A Part Of Tata Forbes Group On Acquisition Of A Part Of The Foreign Shareholdings Byforbes Gokak. 1983 : Goodlass Nerolac Paints Ltd. Strengthened Itself By Entering In Technical Collaboration Agreement By Kansai Paint Co. Ltd., Japan And Nihon Tokushu Tokyo Co. Ltd., Japan. 1999 : Kansai Paint Co. Ltd. , Japan Took Over The Entire Stake Of Tata Forbes Group And Thus Goodlass Nerolac Paints Became Wholly Owned Subsidiary Of Kansai Paint Company Ltd. 2006 : On 11 July, Goodlass Paint Ltd. Name Has Been Changed To Kansai Nerolac Paints Ltd. Company Overview Kansai Nerolac Paints Has 5 Paint Manufacturing Plants And About 6–7 Contract Manufacturers. The Nerolac Owned Plants Are At 1. Jainpur (Uttarpradesh) 2. Bawal (Haryana) 3.Lote, Chiplun (Maharastra) 4. Hosur (Tamil Nadu) Kansai Nerolac Paints Ltd. Has Entered Into Many Technical Collaborations With Other Industry Leaders Such As E.I. Du-Products. The Mumbai-Based Company Is The Leader In The Industrial Paints Segment With A Market Share Of Over 40%. It Is The Third-Largest Player In The Decorative Paints Segment With A Modest Market Share Of 13%. Nearly 75% Of The Indian Paints Industry Consists Of The Decorative Segment. Parent Company Kansai Paint Was Founded By Katsujiro Iwai In Amagasaki City, Japan In May 1918.[15] Kansai Paint Is A Comprehensive Manufacturer Of Paints And Coatings. The Products Include- Automotive Coatings, Industrial Coatings, Decorative Coatings, Protective Coatings And Marine Coatings.]They Are Also Present In U.K., Turkey, U.S.A, Canada,Mexico, Uae. Products And Services[ Technologically Innovative Products Are The Company's Hallmark. Kansai Nerolac Paint Offers Differentiated Products With A Focus On Being Eco-Friendly And Healthy . Kansai Nerolac Paint’s Key Products And Brands Includes The Following: Decorative Paints: Interior Wall Paints, Exterior Wall Paints, Wood Surface Paints And Metals Surface Paints.[ Automotive Coatings :Pre-Treatment Chemicals, Electrodepostition. Intermediate Coats/Primer Surfacers, Topcoats, Clear Coats, Touch Up Paints, Auto Refinishing Products, Heat Resistant Paints, Underbody Paints & Pvc Sealants & Rapgard Transit Protection Films. Performance Coatings: Performance Coating Are Available For Wide Range Of Products. For Household Appliances And Metal Fittings In Factories, There Is A Comprehensive Range Of General Industrial Coating Systems Like P.T. Chemicals, Primers And Lacquers, Coil Coat, Heat Resistant Paints & Metal Decoration Coatings. Powder Coating Is Now Increasing In Popularity Because Of Its High Quality, Resistance To Corrosion, The Apparent Ease Of Application And The Environmental Friendliness Of The Technology.[ Awards And Achievements Golden Peacock Environment Management Award, 2000. Short Listed For The Best Managed Company Award From Business Today & A.T. Kearney 2005 . Best Vendor Award From Customers Like Toyota Kirloskar Motors Ltd.(Tkml) For Cost And From Maruti Udyog Ltd.(Mul) On Overall Commendation .Awards For Marketing Initiatives Like Cannes 2007 Bronze For Press. Reader's Digest Trusted Brands Gold Awards, 2008 .Product Of The Year Award 2010 For Nerolac Excel April 2010. Product Of The Year Award 2011 For Nerolac Excel Total With Heat-Guard Technology April 2011. Sustainability Award For Outstanding Contribution By Mahindra & Mahindra – October 2011. Best Vendor Performance Award In Paint Supplier's Category By Honda Motors Cycles & Scooters At Their Annual Conference 2012. Asapp Media Information Group – Construction World Magazine Ranked Kansai Nerolac Paints First. Balance Sheet 14-15 13-14 Sources Of Funds Total Share Capital 53.89 53.89 Equity Share Capital 53.89 53.89 Share Application Money 0.00 0.00 Preference Share Capital 0.00 0.00 Reserves 1,542.93 1,369.30 Networth 1,596.82 1,423.19 Secured Loans 0.90 0.90 Unsecured Loans 40.60 50.81 Total Debt 41.50 51.71 Total Liabilities 1,638.32 1,474.90 Application Of Funds Gross Block 1,389.00 1,328.34 Less: Revaluation Reserves 0.00 0.00 Less: Accum. Depreciation 484.00 418.76 Net Block 905.00 909.58 Capital Work in Progress 43.94 48.16 Investments 215.58 56.47 Inventories 541.67 645.66 Sundry Debtors 496.34 454.84 Cash and Bank Balance 34.05 54.87 Total Current Assets 1,072.06 1,155.37 Loans and Advances 106.78 85.55 Fixed Deposits 0.00 0.00 Total CA, Loans & Advances 1,178.84 1,240.92 Deferred Credit 0.00 0.00 Current Liabilities 582.95 672.92 Provisions 122.09 107.30 Total CL & Provisions 705.04 780.22 Net Current Assets 473.80 460.70 Miscellaneous Expenses 0.00 0.00 Total Assets 1,638.32 1,474.91 Contingent Liabilities 8.31 6.32 Book Value (Rs) 29.63 264.08 Profit And Loss 14-15 13-14 Income 4,006.5 Sales Turnover 3,154.35 6 Excise Duty 457.50 0.00 3,549.0 Net Sales 3,154.35 6 Other Income 21.79 10.33 Stock Adjustments -62.03 80.70 Total Income 3,508.8 3,245.38 2 Expenditure 2,320.0 Raw Materials 2,231.61 5 Power & Fuel Cost 65.22 66.68 Employee Cost 143.30 135.88 Other Manufacturing Expenses 0.00 0.00 Selling and Admin Expenses 0.00 0.00 Miscellaneous Expenses 513.64 438.79 Preoperative Exp Capitalised 0.00 0.00 3,042.2 Total Expenses 2,872.96 1 Operating Profit 444.82 362.09 PBDIT 466.61 372.42 Interest 0.02 0.45 PBDT 466.59 371.97 Depreciation 67.69 64.98 Other Written Off 0.00 0.00 Profit Before Tax 398.90 306.99 Extra-ordinary items 0.00 0.00 PBT (Post Extra-ord Items) 398.90 306.99 Tax 127.23 100.42 Reported Net Profit 271.67 206.57 Total Value Addition 722.16 641.35 Preference Dividend 0.00 0.00 Equity Dividend 75.45 59.28 Corporate Dividend Tax 15.78 10.08 Per share data (annualised) 5,389.2 Shares in issue (lakhs) 538.92 0 Earning Per Share (Rs) 5.04 38.33 Equity Dividend (%) 140.00 110.00 Book Value (Rs) 29.63 264.08 Calculation Of Ratios Current Ratios Current Assets/ Current Liabilities=1.67 Quick Ratios Current Assets-Inventory/Current Laibilities=0.90 Inventory Ratio Cost Of Goods Sold/Inventory=7.40 Fixed Assets Turnover Sales/Total Assets=2.56 Total Debt Ratio Total Debt /Toatal Assets=0.03 Debt Equity Ratio Total Debt/Shareholders Equity=0.03 Gross Profit Margin Gross Income/Sales=10.62 Operating Profit Margin Operating Income /Sales=12.53 Net Profit Margin Net Income/Sales=7.65 Dividend Per Share Dividend Paid To Shareholders/No Of Shares Outstanding=1.40 Dividend Payout Ratios Dividends/Earning=27.7 Capital Structure Ratio Basically, Capital Structure Can Be Defined As In What Proportion Company Holds Debt And Equity For Their Smooth And Effective Operation And To Support Their All Asset Maintenance And Further Expansion. Equity Includes Common Equity And Preferred Equity Plus Retained Earnings Or Net Loss And In Debt, Company Considers The Borrowed Fund, Usually The Long Term Liability Company Borrows From Other Party Or Lenders.The Eutiy Share Capital Has Remained Same And The Reserves Has Incressed From 1369 In 2013-14 To1542 In 2014-15. And The Debt Haves Decreased From 50 To 40 In 14-15.Hence The Capital Structure Of The Company Is Good. Profitability Ratios A Profitability Ratio Is A Measure Of Profitability, Which Is A Way To Measure A Company's Performance. Profitability Is Simply The Capacity To Ma!e A Profit, An" A Profit Is What Is #eft O$er %rom Income &arne" After 'ou (a$e )e"ucte" All Costs An" Expenses Relate" To Earnin+ The Income. ,ross Mar+in -./.01 An" An" Operatin+ Profit Mar+in -.1 Which (as Increase" %rom 23 In .45.6 An" .. 3 .So O$erall The Profitability Is ,oo".The Company (as Sho7n The Better Performance By Increasin+ The Sales An" Curtailin+ The &*penses. #i9ui"ity Ratios Liquidity Ratios Are The Ratios That Measure The Ability Of A Company To Meet Its Short Term Debt Obligations. These Ratios Measure The Ability Of A Company To Pay Off Its Short-Term Liabilities When They Fall Due. The Liquidity Ratios Are A Result Of Dividing Cash And Other Liquid Assets By The Short Term Borrowings And Current Liabilities. They Show The Number Of Times The Short Term Debt Obligations Are Covered By The Cash And Liquid Assets. If The Value Is Greater Than 1, It Means The Short Term Obligations Are Fully Covered. Generally, The Higher The Liquidity Ratios Are, The Higher The Margin Of Safety That The Company Posses To Meet Its Current Liabilities. Liquidity Ratios Greater Than 1 Indicate That The Company Is In Good Financial Health And It Is Less Likely Fall Into Financial Difficulties. The Ccurrent Ratio Is 1.67 But Still The Compant Must Be Able To Raise It By Paying Some Debts.
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