DOCSLIB.ORG

='7 KANSAI NEROLAC PAINTS LIMITED May 28 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
='7 KANSAI NEROLAC PAINTS LIMITED May 28 2019 ='7 KANSAI NEROLAC PAINTS LIMITED May 28 2019 I. Corporate Relationship Department 2. Manager-Listing BSE Limited, National Stock Exchange of India Phiroze Jeejeebhoy Towers, Ltd. Dalal Street, Exchange Plaza, C-1, Block G, Mumbai -400001. Bandra Kurla Complex, Bandra (E), Mumbai -400 051 Sub.: CoDv of the Annual RCDort for the Financial Year 2018-19 along with the Notice convening the 99th Annual General Meeting Ref.: I. Regulation 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Reauirementst Regulations. 2015 /"SEBI ListintI Regulations"I 2. ScriD Codes : BSE -500165. NS[: -KANSAINIIR Dear Sirs, This is to infomi you that the 99th Annual General Meeting ( AGM) of our Company will be held on Friday, June 21. 2019 at 11.00 a.in. at Walchand Hirachand Hall, 4th Floor, IMC Chamber of Commerce & Industr}` IM(` Building. IMC` Marg, Churchgate, Munbai -400020. As required under Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015` we submit herewith the Annual Report of the Company for the Financial Year 2018-19 along with the Notice convening the 99th AGM. The Notice of the AGM is given on pages 3 to 10 of the Annual Report. I`he Annual report contains the inl`ormation lo be gi\'en and disclosures required to be made in terms ol` Regulation 34(2) and 34(3) ol` the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please take the above submission on record. your falthfuiiy` OLAC PAINTS LIMITED COMPANY SECRETARY Encl: as above Head Offlce NEnoLAc HousE Ganpatrao Kadam Mcirg, Tel. : ` Ol .22.24?3 4001 Lower PQrel Mumbal -4000\5 lnclia +91.22.2499 2500 99th Annual Report 2019 We design solutions that protect, inspire and touch lives every day This year when Nerolac redefined its vision, we Project “Uday” was initiated this year to achieve embraced a much larger purpose: Designing radical improvements in existing manufacturing solutions that protect, inspire and touch lives operations. Nerolac adopted the acquisition every day. route when it acquired RAK Paints, Bangladesh and Marpol. Marpol will help us further With this vision to guide us, we have relentlessly consolidate our leadership position in Powder worked on building or acquiring expertise to Coatings. Technologically, Nerolac continued its provide complete, end-to-end solutions to our forward-looking approach with the introduction customers. We have strengthened our presence of SAP Leonardo for Machine Learning in the in the construction chemical business through area of sales. With so many new and exciting the acquisition of Perma Coatings. Not only things on the horizon for Nerolac, we would not construction chemicals, we have also made our be making a fallacious statement if we say that presence felt in the adhesives, coil coating and Nerolac is only “99 years young”! floor coating customer segments. We continue exploring other niche categories. Manifestation The capability of Nerolac to unlearn, relearn of Nerolac in all walks of life will mean that we and reinvent itself is what keeps it buoyant truly touch lives every day! in tough market conditions. Our new brand ambassador is someone who embodies this Nerolac has always been a thought leader. But aspect of Nerolac. And may we say, he inspires being a thought leader also means constantly and touches lives every day! It is indeed a reinventing itself with times to stay ahead of pleasure for Nerolac to work with Ranveer Singh. the curve and serve the consumers better. In FY 2018-19, we initiated operations at the new All-in-all, we believe that Nerolac is armed state-of-the-art R&D facility. We also started with enough ammunition to enter its 100th year commercial production at Sayakha. Facilities at and continue building its legacy via solutions Sayakha are considered to be the best-in-class. that inspire! Annual Report 2019 DIRECTORS P. P. SHAH (Chairman) H. M. BHARUKA (Vice Chairman and Managing Director) N. N. TATA M. TANAKA H. FURUKAWA MRS. B. SOMAYA K. KATO A. JAIN (Whole-time Director) COMPANY SECRETARY G. T. GOVINDARAJAN BANKERS • UNION BANK OF INDIA • STANDARD CHARTERED BANK • HDFC BANK LTD. • BNP PARIBAS AUDITORS B S R & CO. LLP, MUMBAI SOLICITORS KANGA & CO., MUMBAI REGISTERED OFFICE NEROLAC HOUSE, GANPATRAO KADAM MARG, LOWER PAREL, MUMBAI-400 013 Tel: +91-22-24934001 Fax: +91-22-24936296 Website: www.nerolac.com Investors Relations e-mail ID: [email protected] Corporate Identity Number (CIN): L24202MH1920PLC000825 1 CONTENTS Notice . 3-10 Board’s Report including Management Discussion and Analysis . 11-61 Report on Corporate Governance . 62-79 Business Responsibility Report . 80-92 Product Range .. 93-94 Company's Manufacturing Facilities and Depots .. 95 New product launch .. 96 Sustainability Report .. 97-116 Auditors’ Report on Standalone Financial Statements . 117-125 Standalone Balance Sheet . 126 Standalone Statement of Profit and Loss . 127 Standalone Statement of Changes in Equity . 128 Standalone Statement of Cash Flows . 129-130 Notes to the Standalone Financial Statements . 131-167 Salient Features of the Subsidiaries in Form AOC-1 . 168 Auditors’ Report on Consolidated Financial Statements . 169-175 Consolidated Balance Sheet . 176 Consolidated Statement of Profit and Loss . 177 Consolidated Statement of Changes in Equity . 178 Consolidated Statement of Cash Flows . 179-180 Notes to the Consolidated Financial Statements . 181-223 Summarised Standalone Statement of Profit and Loss of 15 Years . 224 2 Annual Report 2019 Registered Office : ‘Nerolac House’, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013. Tel: +91-22-24934001 • Fax: +91-22-24936296 • Website: www.nerolac.com Investors Relations e-mail ID: [email protected] • Corporate Identity Number (CIN): L24202MH1920PLC000825 NOTICE NOTICE is hereby given that the Ninety-Ninth Annual from the conclusion of the 99th Annual General General Meeting of KANSAI NEROLAC PAINTS LIMITED Meeting of the Company until the conclusion of the will be held at Walchand Hirachand Hall, 4th Floor, 104th Annual General Meeting of the Company, on IMC Chamber of Commerce & Industry, IMC Building, IMC such terms and conditions, including remuneration, Marg, Churchgate, Mumbai – 400 020, on Friday, 21st June, as may be fixed by the Audit Committee or Board of 2019 at 11.00 a.m., to transact the following business: Directors, from time to time.” Ordinary Business: Special Business: 1. To consider and adopt the audited financial statements 6. To consider and if thought fit, to pass the following (including the consolidated financial statements) of Resolution as an Ordinary Resolution: the Company for the year ended 31st March, 2019 “RESOLVED that pursuant to the provisions of Section and the Reports of the Board of Directors and the 148 and other applicable provisions, if any, of the Auditors thereon. Companies Act, 2013, read with the Companies 2. To declare a normal dividend of ` 2.60 (260%) per (Audit and Auditors) Rules, 2014 and Companies (Cost Equity Share of the nominal value of ` 1 each for the Records and Audit) Rules, 2014 (including any statutory year ended 31st March, 2019. amendment or modification or re-enactment thereof, 3. To appoint a Director in place of Mr. Hidenori Furukawa for the time being in force), the remuneration of the (holding Director Identification Number 06924589), Cost Auditor, D. C. Dave & Co., Cost Accountants who retires by rotation and being eligible, offers (Firm Registration No. 000611), to conduct the audit himself for re-appointment. of the cost records of the Company for the financial year ending 31st March, 2020, as recommended by 4. To appoint a Director in place of Mr. Anuj Jain, the Audit Committee and approved by the Board of Whole-time Director (holding Director Identification Directors, be and is hereby ratified.” Number 08091524), who retires by rotation and being eligible, offers himself for re-appointment. 7. To consider and if thought fit, to pass the following 5. To consider and if thought fit, to pass the following Resolution as an Ordinary Resolution: Resolution as an Ordinary Resolution: “RESOLVED that pursuant to the provisions of “RESOLVED that pursuant to the provisions of Sections Section 197 and other applicable provisions, if any, 139, 141, 142 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”), read with of the Companies Act, 2013, read with the Companies Regulation 17(6)(a) of the Securities and Exchange (Audit and Auditors) Rules, 2014 (including any Board of India (Listing Obligations and Disclosure statutory amendment or modification or re-enactment Requirements) Regulations, 2015, remuneration not thereof, for the time being in force) and pursuant exceeding 1% (one percent) per annum of the net to the recommendation of the Audit Committee, profits of the Company, calculated in accordance S R B C & CO LLP, Chartered Accountants (Firm with the provisions of Section 198 of the Act, Registration No. 324982E/E300003), be and are hereby be paid to and distributed amongst the Directors of appointed as Statutory Auditors of the Company, to the Company or some or any of them (other than hold office for a term of 5 (five) consecutive years the Managing Director and/or Whole-time Directors) 3 in such amounts or proportions and in such manner 4. Dividend: and in all respects as may be directed by the Board (i) The Board of Directors has recommended for of Directors of the Company and such payments shall consideration of the Members a normal dividend be made in respect of the profits of the Company for of ` 2.60 (260%) per Equity share of the nominal each financial year beginning from the financial year value of ` 1 each for the year ended 31st March, ending on 31st March, 2019.” 2019. For and on behalf of the Board (ii) The Register of Members and Share Transfer books of the Company will remain closed from Saturday, P.
Load more

Recommended publications
  • Page 1 of 24
    Page 1 of 24 May 12, 2021 1. Corporate Relationship Department 2. Manager – Listing BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai - 400051. Sub.: Q4 FY 20-21 Financial Results Conference Call – Transcript Ref.: 1. Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. Scrip Codes : BSE - 500165, NSE - KANSAINER Dear Sirs, This refers to the intimation done by the Company on May 6, 2021 with regard to the Conference Call to be hosted by the Management of our Company to discuss Q4 FY 2020-21 Financial Results of the Company, and intimation done on May 8, 2021, an Investor Presentation was enclosed for the same. The Conference call was hosted by the Management of our Company on Monday, May 10, 2021 at 11 a.m. (IST) and we are enclosing herewith the transcript of the Conference call for your information and reference. For KANSAI NEROLAC PAINTS LIMITED G. T. GOVINDARAJAN COMPANY SECRETARY Page 2 of 24 “Kansai Nerolac Q4 FY2021 Earnings Conference Call” May 10, 2021 ANALYST: MR. JAIDEEP GOSWAMI - HEAD OF EQUITIES - ICICI SECURITIES MR. ANIRUDDHA JOSHI - ICICI SECURITIES MR. NIMIT SHAH - ICICI SECURITIES MR. KARAN BHUWANIA - ICICI SECURITIES MR. MANOJ MENON - ICICI SECURITIES MANAGEMENT: MR. HARISHCHANDRA MEGHRAJ BHARUKA – VICE CHAIRMAN AND MANAGING DIRECTOR - KANSAI NEROLAC PAINTS LIMITED MR. ANUJ JAIN – EXECUTIVE DIRECTOR - KANSAI NEROLAC PAINTS LIMITED MR. PRASHANT PAI – DIRECTOR (FINANCE) - KANSAI NEROLAC PAINTS LIMITED MR. JASON GONSALVES – DIRECTOR – (CORPORATE PLANNING, IT & MATERIALS) - KANSAI NEROLAC PAINTS LIMITED Page 1 of 23 Page 3 of 24 Kansai Nerolac May 10, 2021 Moderator: Ladies and gentlemen, good day and welcome to the Kansai Nerolac Q4 FY2021 Earnings Conference Call hosted by ICICI Securities Limited.
    [Show full text]
  • Corporate Brochure
    KANSAI NEROLAC PAINTS LIMITED CONTENTS ABOUT US Kansai Nerolac Paints Limited 06 R&D CENTER AND CAPABILITIES Our Purpose & Our Vision 08 R&D Center 30 Our Swirl 09 Capabilities 33 A Journey of Building Care 10 Awards 13 TECHNOLOGY AND FACILITIES Nerolac Experience Lab 16 Our Manufacturing Footprint 34 Information and Digital Technology 36 OUR BUSINESSES Unique & Innovative products 18 ENVIRONMENT, SOCIETY AND GOVERNANCE Industrial Coatings 20 Environment 39 Auto 22 Society 40 Performance Coatings 24 Governance 43 Our Clients 28 ABOUT US 04 05 KANSAI NEROLAC PAINTS Kansai Paint Co. Ltd., is a Japanese, Osaka-based paint and coatings’ company whose main products are LIMITED automotive, industrial and decorative coatings. The company was founded in 1918. It is one of the world's top eight paint manufacturers with manufacturing sites in over 43 countries and presence in over 66 countries across the world. In 1920, In recent years, the group has been accelerating the pace of globalization and expanding its business GAHAGAN PAINTS AND VARNISH CO. LTD. el in Mumbai. activities throughout the world with multiple M&A and came into being at Lower Par int company – now greenfield initiatives. It is among the top 5 global One hundred years on, this pa ts Ltd. – is one of the automotive paint companies. It has a gross sale of known as Kansai Nerolac Pain n India. It goes without more than 3.9B USD and has market capitalization of leading coatings’ companies i s one of the most trusted 5.01 USD Billion as on 1st January 2020. Kansai Paint saying, Nerolac also stands a Co.Ltd.
    [Show full text]
  • 2018 Corporate Report Year Ended March 31, 2018 Profile
    2018 Corporate Report Year Ended March 31, 2018 Profile Established in 1918, Kansai Paint Co., Ltd. has grown Company Profile into Japan’s most progressive manufacturer in various fields related to coatings. Name: Kansai Paint Co., Ltd. Head office: 6-14, Imabashi 2-chome, Today, the company enjoys a well-established Chuo-ku, Osaka 541-8523, position as one of the world’s leading Japan paint manufacturers. Date established: May 17, 1918 The various products provided by the Kansai Capitalization: 25,658 million yen Number of employees: 15,731 (consolidated) Paint Group are highly valued and trusted in a broad Principal business lines: Manufacturing and sale variety of fields, due to the important role our of paints coatings play, such as protection, beautification, Design, manufacturing, special functionality, and environmental sensitivity. and sale of coating equipment Moreover, with Kansai Paint’s proprietary Control and undertaking research and development capabilities at its core, the of painting work Company is providing its clients around the world Design of color schemes Corporate website: https://www.kansai.co.jp/ with unparalleled customer service by expanding its manufacturing, distribution, and sales activities worldwide. Contents Five-Year Summary of Selected Financial Data ....................01 A Message from the President ...........................................02 Corporate Philosophy and Corporate Governance .............04 Board of Directors .............................................................08 Business Review
    [Show full text]
  • Introduction of Automotive Paints
    1 A SUMMER TRANING PROJECT REPORT ON “AUTOMOBILE PAINTS MANUFACTURING” AT KANSAI NEROLAC PAINTS LTD. AT BAWAL Submitted to: Submitted by: Mr. Ashok Singh Yatin Khandelwal B.Tech 7th sem. 2 Acknowledgement It is my pleasure to be indebted to various people, who directly or indirectly contributed in development of this work and who influenced my thinking, behavior and acts during the course of study. I express my sincere gratitude to Mr. Ganesh Harbola worthy Principal to providing me an opportunity to under go summer training at Kansai Nerolac Paints Ltd. at Bawal. I am thankful to Mr. Ashok Kr. Gupta for his support, cooperation, and motivation provided to me during the training for constant inspiration, presence and blessings. I also extend my sincere appreciation to Mr. Narendra Kr. Garg who provided his valuable suggestion and precious time in accomplishing my project report. Lastly I would like to thank the almighty and my parents for their moral support and my friends with whom I shared my day-to-day experience and receive lot of suggestions that improve my quality of work. Yatin Khandelwal 3 Declaration I, Yatin Khandelwal student of B.Tech ,6th Semester, Chemical Branch, studying at Jaipur National University, Jaipur, Rajasthan, hereby declare that the summer training report on “Automobile Paints Manufacturing” submitted to Jaipur Nation University, Jaipur, Rajasthan in partial fulfillment of Degree of Bachelor of Technology in Chemical Branch is the original work conducted by me. The information and data given in the report is authentic to the best of my knowledge. This summer training report is not being submitted to any other University for award of any Degree and Fellowship.
    [Show full text]
  • Corporate Presentation
    24.4.2020 All rights for this presentation are reserved with Kansai Nerolac Paints Limited. 1 Corporate Presentation 24.4.2020 All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Fact Sheet Ownership Founded Market Position Subsidiary of One of India’s largest Kansai Paint Co., 1920 Paint company: Leader Ltd., Japan in industrial paints Net Sales (₹) PBT (₹) Mar. Cap. (₹) (FY21 – standalone) (FY 21 – standalone) (31st March 2021) 4,690.0 Cr 714.5 Cr 32,370 Cr June 2020 Indian Paint Industry Size • Over Rs 55,000 Cr (USD 7 Billion approx.) Growth Rates • Double digit since 1991 Organized : Un-organized Market • 75:25 Per Capita consumption • ~4 kg (Global average @12-15 kg) June 2020 History of KNPL 2020 Unveiled the new corporate 1920 2000 2006 identity of Nerolac- Colours that Care Started as Gahagan Paints and Company Name changed to Kansai Varnish Co Ltd. with factory at implements SAP ERP Nerolac Paints Ltd. with a Lower Parel across all locations new logo 2000 Tata Group divested 2019 its holding in favour 2012 JV with Polygel Industries of Kansai Paint Japan Acquisition of Nepal Shalimar Pvt. Ltd. to form Nerofix Pvt. Co., Ltd, Japan 1933 Paints Pvt. Ltd. In Nepal Ltd 1986 Acquired by Lead Industries, 2015 2019 UK Kansai Paint Japan Co., Tie-up with Capital Acquired Perma 1933 Ltd acquired stake of Holdings Maharaja Pvt. Construction Aids Private Ltd Name changed to Goodlass the UK Partner, Cookson Ltd., Sri Lanka for Lanka Wall (India) Ltd. Operations 2018 1946 1983 Acquisition of RAK Name changed to Goodlass 2018 Technical collaboration with Paints, Bangladesh Wall Pvt Ltd.
    [Show full text]
  • 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.
    [Show full text]
  • 97Th Annual Report 2017
    97th Annual Report 2017 Innovation Led Growth 97th Annual Report 2017 Annual 97th Innovation Led Growth Innovation is what Kansai Nerolac Paints Limited Year on Year, KNPL has been able to develop and (KNPL) is passionate about and has manifested over launch new and innovative products in the Indian the years in a number of unique or first of its kind Market, and this year too saw the launch of many initiatives or ideas; be it products, technology or innovative products. In the Decorative space, an services that KNPL has brought to the market. exterior emulsion, Excel Mica Marble was launched which offers increased toughness for better During the last few years, KNPL has been strategically protection and a rich customer experience. A novel investing in a number of ideas which would help the product Ready Mix (Primer + Putty) was launched Company offer better value to its stakeholders. which reduces cost for the customer by combining Digitalization over the last few years has become primer and putty together. In the Industrial segment, a wave which is redefining industries and product KNPL offered to its customers medium solid base offering. KNPL has been working on the digital coat technology, superior mar and scratch resistant agenda for the last couple of years. During the last clear coats, monocoat metallic systems, superior year, KNPL has deepened the impact of digitalization weatherability monocoat paint as well as water by extending it to areas like Manufacturing, R&D, based top coat for two wheeler frames. Many other Supply Chain and Procurement. These innovations products were also launched keeping in mind the would bring greater transparency, speed and agility ever changing requirements of the Indian consumer.
    [Show full text]
  • KANSAI's HEAT RESISTANT PAINTS
    KANSAI's HEAT RESISTANT PAINTS Contacts for Kansai Paint Protective Coatings Series Head Office Tokyo Office R&D Center 6-14, Imabashi 2-chome, Chuo-ku 12-1, Minami-Rokugo 3-chome, Ota-ku, 17-1, Higashi-Yawata 4-chome, Hiratsuka-shi, Osaka 541-8523, Japan Tokyo 144-0045, Japan Kanagawa 254-8562, Japan Tel:81-6-6203-5014 / Fax:81-6-6201-4872 Tel:81-3-3732-3012 / Fax:81-3-6328-1428 Tel:81-4-6323-2100 / Fax:81-4-6324-0637 www.kansai.com Global Network Kansai Paint (China) Investment Co., Ltd. Cosco Kansai Paint & Chemicals Chongqing Alesco Kansai Paint Co., Ltd. Room 901/912, Sunny Days City, No.425 (Shanghai) Co., Ltd. (Guan Xi Tu Liao), No.2, Huabei 2nd Road, Yishan Road, Xuhui District, Shanghai, Room 1706, Baohua Center, No.355, Changshou Area, Chongqing, 401221, China 200235, China West Guangzhong Road, Shanghai, 200072, China Tel:86-23-8533-6559 / Fax:86-23-8684-5046 Tel:86-21-5093-9636 / Fax:86-21-5093-9616 Tel:86-21-3183-3988 / Fax:86-21-3183-3900 www.kansai.com.cn Taiwan Kansai Paint Co., Ltd. Kansai Paint Asia Pacific Sdn. Bhd. Thai Kansai Paint Co., Ltd. No.6, Yonggong 2nd Rd, Yong'an Dist, (Kansai PLC Sdn. Bhd.) 180 Moo 3 Thaeparak Road, Thaeparak Sub District, Kaohsiung City 828, Taiwan (R.O.C.) 4, Solok Waja 2, Kawasan Perindustrian Bukit Raja, Muang District, Samutprakarn Province, 10270, Tel:886-7-622-3171 / Fax:886-7-623-0155 P.O.Box 159, 41710 Klang, Selangor D.E., Malaysia Thailand Tel:60-3-3362-2388 / Fax:60-3-3342-7223 Tel:66-2-753-2377 / Fax:66-2-753-2774 www.kansaimalaysia.com Kansai Paint (Singapore) Pte.
    [Show full text]
  • Kansai Nerolac
    07 September 2020 Initiating Coverage Kansai Nerolac Joined at the hip with Auto ADD Kansai Nerolac (KNPL; #1/#3 in Industrial/Decorative Paints) remains joined CMP (as on 04 Sep 2020) Rs 485 at the hip with Auto OEMs, which are likely to see their 2nd straight year of Target Price Rs 500 16-18% volume declines (given Auto slowdown/COVID-19). Meanwhile, it has been beefing up its relatively less cyclical non-auto industrial portfolio. In NIFTY 11,334 Decorative, KNPL has outpaced bigger rivals over FY15-19, given its KEY aggressive marketing & distribution push. This trend, however, is unlikely to OLD NEW continue over FY20-23 as KNPL’s predisposition would likely be to safeguard CHANGES margins/restrict A&P spend amidst the demand destruction & until Auto Rating - ADD recovery is in sight. We build in Rev/EBITDA/PAT CAGR of 6/9/8% over Price Target - Rs 500 FY20-23E and initiate coverage on the stock with an ADD recommendation & FY21E FY22E DCF-based TP of Rs. 500/sh (implying 44x Sep-22 P/E, 12% discount to APNT). EPS % - - . Alpha hinges on Auto recovery pace, thrust on reducing cyclicality: KNPL’s high exposure (HSIE:25-28% of sales) to Auto OEMs, which are KEY STOCK DATA likely to see their 2nd straight year of 16-18% volume declines will translate into deeper topline cuts (vs APNT/BRGR) in FY21. Meanwhile, KNPL has Bloomberg code KNPL IN been subtly pivoting towards relatively less cyclical industrial portfolio such No. of Shares (mn) 539 as Auto-refinish, powder, coil, and protective coating).
    [Show full text]
  • January 04, 2013 a KANSAI NEROLAC PAINTS LTD
    January 04 , 201 3 KANSAIa NEROLAC PAINTS LTD BUY Recommendations <= 1 year 1 - 2 yrs 2 - 5 yrs Strong Buy Established way back in 1920, Kansai Nerolac Paints Ltd . (KNPL) is engaged in the Buy manufacturing of paints having products ranging across decorative paints, high performance Hold coatings, automotive coatings, general industrial coatings and specialty coatings. The Reduce company meets nearly 90% of OEM paint demand and is a key player in decorative paints. The Sell Strong Buy – Expected Returns > 20% p.a. company’s largest client for industrial paints demand is Maruti Suzuki. Buy – Expected Returns from 10 to 20% p.a. Hold – Expected Returns from 0 % to 10% p.a. • With the easing of interest rate cycle, demand for automobiles are expected to ramp up Reduce – Expected Returns from 0 % to 10% p.a. with possible downside risk Sell – Returns < 0 % which will lead to increase in demand for paints. We expected top-line and bottom-line to grow at a healthy CAGR of 17.6% and 19.3% respectively over FY12 and FY14. • Demand for decorative paint is expected to increase in the upcoming years mainly from re- paint segment due to awareness of advantages of lead free paint and will be catered by KNPL. Improving economic conditions and revival in industrial growth backed by tamed inflation and expected decline in interest rates to further support increase in paint demand. STOCK DATA BSE / NSE Code 500165 / KANSAINER • KNPL always work in congruence to the customer needs. It has been coming out with new Bloomberg Code KNPL IN EQUITY No.
    [Show full text]
  • Corporate-Presentation-June-2020.Pdf
    24.4.2020 All rights for this presentation are reserved with Kansai Nerolac Paints Limited. 1 Corporate Presentation 24.4.2020 All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Fact Sheet Ownership Founded Market Position Subsidiary of One of India’s largest Kansai Paint Co., 1920 Paint company: Leader Ltd., Japan in industrial paints Net Sales (₹) PBT (₹) Mar. Cap. (₹) (FY20 – standalone) (FY 20 – standalone) (31st March 2020) 4,943.2 Cr 683.6 Cr 20,880 Cr June 2020 Indian Paint Industry Size • Over Rs 55,000 Cr (USD 7 Billion approx.) Growth Rates • Double digit since 1991 Organized : Un-organized Market • 70:30 Per Capita consumption • ~3.75 kg (Global average @12-15 kg) June 2020 History of KNPL 2020 Unveiled the new corporate 1920 2000 2006 identity of Nerolac- Colours that Care Started as Gahagan Paints and Company Name changed to Kansai Varnish Co Ltd. with factory at implements SAP ERP Nerolac Paints Ltd. with a Lower Parel across all locations new logo 2000 Tata Group divested 2019 its holding in favour 2012 JV with Polygel Industries of Kansai Paint Japan Acquisition of Nepal Shalimar Pvt. Ltd. to form Nerofix Pvt. Co., Ltd, Japan 1933 Paints Pvt. Ltd. In Nepal Ltd 1986 Acquired by Lead Industries, 2015 2019 UK Kansai Paint Japan Co., Tie-up with Capital Acquired Perma 1933 Ltd acquired stake of Holdings Maharaja Pvt. Construction Aids Private Ltd Name changed to Goodlass the UK Partner, Cookson Ltd., Sri Lanka for Lanka Wall (India) Ltd. Operations 2018 1946 1983 Acquisition of RAK Name changed to Goodlass 2018 Technical collaboration with Paints, Bangladesh Wall Pvt Ltd.
    [Show full text]
  • Corporate Profile 2014 — 2015
    CORPORATE PROFILE 2014 — 2015 kansaipaint.ae AT A GLANCE The various products provided by the Kansai Paint Group are highly valued and trusted in a broad variety of fields, due to the important role our coatings play in areas such as protection, beautification, special functionality and environmental sensitivity. Moreover, with Kansai Paint’s proprietary around the world with unparalleled customer research and development capabilities at service by expanding its manufacturing, its core, the Company is providing its clients distribution and sales activities worldwide. TABLE OF CONTENTS 06 INTRODUCTION 10 Message from the President 14 Board of Directors 15 Management Mission & Vision 18 THE WORD OF KANSAI 19 Brand History 22 Business Overview 24 Decorative Coatings 26 Industrial & Protective Coatings 28 Automotive OEM & Refinish 30 Service & Solutions 32 SUSTAINABILITY 34 Group Business Policies 40 Manufacturing Operations 38 Research & Development 42 Quality Assurance & Control 44 Health, Safety and Environment 45 KANSAI’S INTERNATIONAL OFFICES 47 Kansai Paint Middle East FZCO 48 Kansai Plascon Africa LTD. 49 Kansai Nerolac Paints INTRODUCTION KANSAI PAINT IS NEARLY 100 YEARS OLD. Established in 1918 by Katsujiro Iwai, Kansai Paint Co., Ltd. has grown into Japan’s largest and most progressive manufacturer of Decorative, Automotive, Industrial, Protective and Marine Coatings. Today, the company enjoys a well-established position as one of the world’s top ten paint manufacturers. Our coatings business serves our customers across a our customers’ coatings related problems represents wide range of industries and applications, including the very foundation of Kansai Paint, and through automotive manufacturing, automotive refinish, these efforts, we are working to deliver shareholder buildings, various industries, structures, ships and value, build upon a track record of operational others.
    [Show full text]