DOCSLIB.ORG

Of Prospectus)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Of Prospectus) Private & Confidential – For Private Circulation Only (This Disclosure Document is neither a Prospectus nor a Statement in Lieu of Prospectus). This Disclosure Document is prepared in conformity with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular No. LAD- NRO/GN/2008/13/127878 dated June 06, 2008), the Companies Act, 2013 and the Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended from time to time Grasim Industries Limited (CIN: L17124MP1947PLC000410) Registered Office: Birlagram, Nagda -456331 (M.P.) Corporate Office: Grasim Industries Limited, A-2, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai 400030 Telephone: T: +91 22 6652 5000 / 2499 5000 | F: +91 22 6652 5114 / 2499 5114 Website: www.grasim.com; Compliance Officer: Mrs. Hutokshi Wadia; E-mail: [email protected] ISSUE BY WAY OF PRIVATE PLACEMENT OF 5.90% RATED LISTED UNSECURED REDEEMABLE NON–CONVERTIBLE DEBENTURES OF THE FACE VALUE OF RS. 10,00,000/- (RUPEES TEN LAKH) EACH FOR CASH AT PAR AGGREGATING TO RS. TWO HUNDRED CRORE (“DEBENTURES”) (THE “ISSUE”) WITH AN OPTION TO RETAIN OVERSUBSCRIPTION AGGREGATING TO RS. THREE HUNDRED CRORE ONLY) GENERAL RISK As the Issue is being made on a private placement basis, this Offer Letter has not been submitted to or cleared by the Securities and Exchange Board of India (“SEBI”). The Issue has not been recommended or approved by SEBI nor does SEBI guarantee the accuracy or adequacy of this Offer Letter. Investment in debt and debt related securities involve a degree of risk and investors should not invest any funds in debt instruments unless they can afford to take the risk attached to such investments. Investors are advised to take an informed decision and to read the risk factors carefully before investing in the Debentures. For taking an investment decision, investors must rely on their examination of the Issue including the risks involved in it. Specific attention of the investors is invited to the summarized Risk Factors mentioned elsewhere in this Offer Letter. ISSUER’S ABSOLUTE RESPONSIBILITY The Issuer, having made all reasonable inquiries, accepts responsibility for, and confirms that this Offer Letter contains all information with regard to the Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Offer Letter is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other material facts, the omission of which makes this Offer Letter as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. CREDIT RATING The Debentures proposed to be issued by the Issuer have been rated by CRISIL (the “Rating Agency”). CRISIL has vide its letter dated 2nd June, 2020 assigned a rating of CRISIL AAA with a stable outlook in respect of the Debentures. This rating is considered to have adequate degree of safety regarding timely servicing of financial obligations. The above rating is not a recommendation to buy, sell or hold securities and investors should take their own decision. The ratings Page 1 of 109 may be subject to revision or withdrawal at any time by the Rating Agency and should be evaluated independently of any such ratings. Please refer to Annexure 1 of this Information Memorandum for the letter dated 2nd June, 2020 from CRISIL assigning the abovementioned credit rating and the rating rationale adopted by the Rating Agency for the aforesaid rating. LISTING The Debentures shall be listed on the Wholesale Debt Market (WDM) of BSE Limited (BSE) ISSUE PROGRAME Issue Opens on : 16th June, 2020 Issue Closes on : 16th June, 2020 Pay – in Date: 17th June, 2020 Deemed Date of Allotment : 17th June, 2020 The Issuer reserves the right to change the Issue Program including the Deemed Date of Allotment at its sole discretion, without giving any reasons or prior notice. The Issue shall be open for subscription during the banking hours on each day during the period covered by the Issue Program. Note: This Private Placement Offer Letter prepared under the Companies Act, 2013, the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 as amended, for private placement of the Debentures and is neither a prospectus nor a statement in lieu of prospectus and does not constitute an offer to the public generally to subscribe for or otherwise acquire the debt securities to be issued by the Issuer. This is only an information brochure intended for private use. REGISTRARS TO THE ISSUE DEBENTURE TRUSTEES KFin Technologies Private Limited, IDBI Trusteeship Services Ltd (Formerly Known As Karvy Fintech Private Asian Building, Ground Floor, 17, Limited) R. Kamani Marg, Ballard Estate, Karvy Selenium Tower B, 6th Floor, Plot Nos. 31 & Mumbai – 400001 32 Gachibowli, Financial District Nanakramguda, Hyderabad - 500032 CREDIT RATING AGENCY LISTING EXCHANGE CRISIL BSE Limited CRISIL House, Central Avenue, Phiroze Jeejeebhoy Towers, Hiranandani Business Park, Dalal Street, Powai, Mumbai-400076 Mumbai 400 001 Page 2 of 109 TABLE OF CONTENT Sl. No. Particulars Page No. I. DEFINITIONS/ABBREVIATIONS / TERMS USED 4 II. DISCLAIMER 6 III. DISCLOSURE REQUIREMENTS UNDER FORM PAS – 4 PRESCRIBED UNDER 9 THE COMPANIES ACT, 2013 IV. RISK FACTORS 12 V. ISSUER INFORMATION NAME AND ADDRESSES 16 BRIEF SUMMARY OF THE BUSINESS/ACTIVITIES OF THE ISSUER 17 BRIEF HISTORY OF THE ISSUER SINCE ITS INCORPORATION 23 DETAILS OF SHAREHOLDING OF THE COMPANY 35 DETAILS OF DIRECTORS OF THE COMPANY 36 DETAILS OF THE AUDITORS OF THE COMPANY 43 DETAILS OF THE BORROWINGS OF THE COMPANY 43 DETAILS OF THE PROMOTERS OF THE COMPANY 51 ABRIGED VERSION OF AUDITED CONSOLIDATED AND STANDALONE 52 FINANCIALS FOR LAST 3 YEARS MATERIAL EVENTS WHICH MAY AFFECT THE ISSUE OR INVESTOR’S 67 DECISION TO INVEST NAME OF STOCK EXCHANGES WHERE DEBT SECURITIES ARE PROPOSED 70 TO BE LISTED DETAILS OF DEBT SECURITIES ISSUED AND SOUGHT TO BE LISTED 70 VI. ISSUE DETAILS 87 VII. DISCLOSURE PERTAINING TO WILFUL DEFAULT 92 VIII. ANNEXURES 1 RATING LETTER FROM RATING AGENCY 94 2 CONSENT LETTER OF DEBENTURE TRUSTEE 95 3 IN-PRINCIPLE APPROVAL FROM STOCK EXCHANGE 97 4 APPLICATION FORM 98 5 COPY OF BOARD RESOLUTION 101 6 HALF YEARLY RESULTS (CONSOLIDATED AND STANDALONE) FOR THE 103 QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2019 7 LIMITED REVIEW RESULTS (CONSOLIDATED AND STANDALONE) FOR 105 THE NINE MONTH ENDED 31ST DECEMBER, 2019 Page 3 of 109 DEFINITIONS AND ABBREVIATIONS Grasim / Company / Issuer/ Grasim Industries Limited or “Grasim” We/ Us The persons disclosed to the stock exchange as ‘Promoter & Promoter Group’ as on the Deemed Date of Allotment together with their Relatives and Affiliates. “Relative” has the meaning given in Section 2(77) of the Companies Act, 2013. Aditya Birla Group “Affiliate” means with respect to any company, any person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by or is under common Control with, such person. Application form The form in which an investor can apply for subscription to the Debentures. Article of Association / AOA Articles of Association of Grasim Debenture Holder(s) holding Debenture(s) in dematerialized form (Beneficial Owner Beneficial Owner(s) of the Debenture(s) as defined in clause (a) of subsection of (1) of Section 2 of the Depositories Act, 1996). Board/ Board of Directors/ Board of Directors of Grasim (which includes any committee thereof) Director(s) At any time, the aggregate outstanding principal, capital or nominal amount (and any Borrowings fixed or minimum premium payable on prepayment or redemption) of the Financial Indebtedness of the Issuer. BSE BSE Limited A day which is not a Saturday or Sunday or a public holiday and on which clearing of Business Day cheque and RTGS facilities are available in Mumbai. CDSL Central Depository Services (India) Limited Companies Act, 1956 and/or Companies Act, 2013 or such act or acts for the time Companies Act being in force in India containing the provisions of the legislation in relation to companies, as amended, modified or supplemented from time to time. CWIP Capital Work In Progress Debenture Documents As set out on Issue details of this Offer Letter Debenture Holder(s) The holder(s) of the Debenture(s) in dematerialized form. The trustee of the Debenture Holder(s), in this case being IDBI Trusteeship Services Debenture Trustee Limited. Deemed Date of Allotment 17th June, 2020 A Depository registered with SEBI under the SEBI (Depositories and Participant) Depository Regulations, 1996, as amended from time to time Depositories Act The Depositories Act, 1996, as amended from time to time. Depository Participant /DP A Depository Participant as defined under Depositories Act Disclosure Document Disclosure Document for Private Placement of the Debentures EBITDA Earnings Before Interest, Tax, Depreciation & Amortization Page 4 of 109 Twelve months period commencing from 1 April of a particular calendar year and Financial Year ending on 31 March of the subsequent calendar year. Means the Listing Agreement for Debt Securities issued by Securities and Exchange Listing Agreement Board of India, as amended from time to time Memorandum of Association Memorandum of Association of Grasim Industries Limited / MOA Rated, Listed, Unsecured,
Load more

Recommended publications
  • HINDALCO INDUSTRIES LIMITED Registered Office: Century Bhavan, 3Rd Floor, Dr
    LETTER OF OFFER November 25, 2005 For Equity Shareholders of the Company Only HINDALCO INDUSTRIES LIMITED Registered Office: Century Bhavan, 3rd Floor, Dr. Annie Besant Road, Worli, Mumbai 400 025, India. We were incorporated on December 15, 1958 as Hindustan Aluminium Corporation Limited under the provisions of the Companies Act, 1956. We changed our name from Hindustan Aluminium Corporation Limited to Hindalco Industries Limited on October 9, 1989. The Registered Office of the Company was shifted from Industry House, 159 Churchgate Reclamation, Mumbai 400 020, India effective September 1, 1970. (For further details see “History of the Company and Other Corporate Matters” on page 80 of this Letter of Offer.) Tel: +91-22-56626666; Fax: +91-22-24227586/24362516 Contact Person: Mr. Anil Malik, Company Secretary and Compliance Officer E-mail: [email protected], Website: www.hindalco.com For private circulation to the Equity Shareholders of the Company only LETTER OF OFFER FOR PRIVATE CIRCULATION TO THE ORDINARY SHAREHOLDERS OF THE COMPANY ONLY ISSUE, ON A RIGHTS BASIS OF 231,936,993 EQUITY SHARES WITH A FACE VALUE OF Re. 1 EACH AT A PREMIUM OF Rs. 95 PER EQUITY SHARE FOR AN AMOUNT AGGREGATING Rs. 22,266 MILLION TO THE EXISTING EQUITY SHAREHOLDERS IN THE RATIO OF ONE EQUITY SHARE FOR EVERY FOUR EXISTING EQUITY SHARES HELD BY THE EXISTING SHAREHOLDERS ON THE RECORD DATE, i.e., NOVEMBER 28, 2005 ON A PARTLY PAID BASIS IN TERMS OF THIS LETTER OF OFFER (“ISSUE”). THE ISSUE PRICE FOR THE EQUITY SHARES WILL BE PAID IN THREE INSTALLMENTS: 25% OF THE ISSUE PRICE WILL BE PAYABLE ON APPLICATION; 25% OF THE ISSUE PRICE WILL BECOME PAYABLE, AT THE OPTION OF THE COMPANY, BETWEEN 9 AND 12 MONTHS AFTER THE ALLOTMENT DATE; AND 50% OF THE ISSUE PRICE WILL BECOME PAYABLE, AT THE OPTION OF THE COMPANY, BETWEEN 18 AND 24 MONTHS AFTER THE ALLOTMENT DATE.
    [Show full text]
  • Subject Index
    Economic and Political Weekly INDEX Vol XXXIX Nos 1-52 January-December 2004 No Pages No Pages No Pages January 3-9 (Globalisation: May 15-21 20 1977-2064 September 25-October 1 39 4285-4388 New Politics and May 22-28 (Higher Education: October 2-8 40 4389-4480 Old Dilemmas) 1 1-116 Some Reflections) 21 2065-2184 October 9-15 41 4481-4580 January 10-16 2 117-208 May 29-June 4 (Review 22 2185-2320 October 16-22 42 4581-4676 January 17-23 3 209-304 of Labour) October 23-29 43 4677-4752 January 24-30 4 305-380 June 5-11 23 2321-2412 October 30-November 5 January 31-February 6 June 12-18 24 2413-2536 (Review of Women (Review of Industry and June 19-25 25 2537-2648 Studies) 44 4753-4860 Management) 5 381-508 June 26-July 2 November 6-12 45 4861-4944 February 7-13 6 509-600 (Restructuring Public Finances November 20-26 46,47 4945-5064 February 14-20 for Equitable Growth) 26 2649-2932 November 27-December 3 48 5065-5184 (Demographic Change and July 3-9 27 2933-3072 December 4-10 49 5185-5272 Quality of Life) 7 601-752 July 10-16 (Community December 11-17 50 5273-5344 February 21-27 8 753-856 Health Insurance in India) 28 3073-3208 December 18-24 (National February 28-March 5 July 17-23 29 3209-3312 Election Study 2004) 51 5345-5544 (Delivering Basic Services July 24-30 30 3313-3416 December 25-31 52 5545-5672 for the Poor) 9 857-1000 July 31-August 6 Ed = Editorial March 6-12 10 1001-1092 (Review of Agriculture) 31 3417-3560 F = Features March 13-19 11 1093-1180 August 7-13 32 3561-3656 CL = Civil Liberties March 20-26 (Money, August 14-20 33
    [Show full text]
  • Annual Report 2002-2003
    SANSCO SERVICES - Annual Reports Library Services - www.sansco.net ANNUAL REPORT 2002-2003 «*'" -'" ^*«^"li«**"i " *: *" - Indo Gulf Fertilisers Limited www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net iVLy vocation, is to strive continuous!)', to reach excellence!in all spheres of management, by weaving the threads of enterprise, knowledge, experience, ideas and tasks into a fabric that can be called "management". Ji-'Iy job' is to motivate, to bring together and fuse human talent, so that they act in harmony and in unison as one team, directed towards a single purpose, arsinglegoal. " | ;j In our .Group, our first and foremost objective is to satisfy our larger family, our family comprising of our shareholders, our customers arid our employees. • ' "I ;! Towards this -objective, our credo is, 'strive for excellence and j perfection in all spheres of management, through continuous improvement.' '•' • ' i ,'; For our shareholder, it is our job, and our commitment to create wealth for him, and to amply reward the faith that he has reposed in us. I : For our customers, we believe, that, 'the customer is always right'. J i Our motto is to give him total satisfaction, in terms of quality and service. For our colleagues and employees, our motto is 'your growth is * our concern'." < I i - We follow in his footsteps. J ADITYA VIKRAM BIRLA November 14. 1943 - October :l. 1.99.5 www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net INDO GOLF FERTILISERS LIMITED CHAIRMAN Mr. Kumar Mangalam Birla DIRECTORS Mrs. Rajashree Birla Mr. M.C. Bagrodia Mr.
    [Show full text]
  • Investors Nuvo Results Ppt Q4 FY06 Animation
    PPeerrffoorrmmaannccee RReevviieeww 20052005--0606 ADITYA BIRLA NUVO LIMITED Mumbai, 28th April 2006 Investor Presentation Contents m Strategic Highlights m Business Highlights m Financial performance m Business performance m Business Outlook and Strategy 2 Strategic Highlights m Accepted offer to increase share in high growth Telecom sector à Total investment in Idea stands at Rs. 757.9 Cr for 20.7% equity stake • Acquired 16.5% equity stake in Idea Cellular for Rs. 660.7 Cr in Sep-05 à Accepted offer for 15% equity stake in Idea Cellular for Rs. 1372.7 Cr in Apr-06 • On completion, Nuvo will hold 35.7% shares of Idea (the largest shareholder) m Landmark consolidation to enhance shareholders’ value à Merger of Indo Gulf Fertilizers with Nuvo completed • Indo Gulf‘s assets, liabilities and profit merged with Nuvo from September 1, 2005 • A profit making company with cash surplus of Rs. 448.2 Cr • 1 equity share of Nuvo issued for every 3 shares held in Indo Gulf à Merger of Birla Global with Nuvo is pending sanction of Gujarat High Court m Changed Company name to “Aditya Birla Nuvo Ltd.” to reflect its thrust on new age businesses 3 Business Highlights – Value Businesses Business Growth in Full year Key initiatives Revenue Profits Rayon Caustic soda capacity increased by 45 TPD taking total capacity to 160 TPD Carbon Black Optimization of market, product and logistic mix Textiles Doubling of wool combing facility (to 8000 TPA); Additional weaving capacity (9 looms); Increased retail distribution in Linen Fabric Fertilizers Higher capacity utilisation (115% of re-assessed capacity) mainly due to higher continuous on-stream days and overall high operational efficiency, effective cost management & improved overall realization.
    [Show full text]
  • 201351514147Aditya.Pdf
    DEFINITIONS / ABBREVIATIONS Term Meaning/ Definition/ Complete Term Act The Companies Act, 1956 as amended from time to time ABNL Aditya Birla Nuvo Ltd. Application The form in terms of which, the investors shall apply for the Unsecured, Form Redeemable Non-Convertible Debentures (NCDs) (30th Series) of the Company Articles Articles of Association of the Company AGM Annual General Meeting of the Company Board/BoD/BOD Board of Directors of the Company Beneficial Debenture holder(s) holding Debenture(s) in dematerialized form (Beneficial Owner(s) Owner of the Debenture(s) as defined in clause (a) of sub-section1 of Section 2 of the Depositories Act, 1996) BSE Bombay Stock Exchange Limited. Business Day Business Day means a day (other than a Saturday or Sunday or Public Holiday) on which banks are open for general business in Mumbai. CDSL Central Depository Services (India) Limited. Deemed Date of The date on which allotment for the issue is made shall be date on which Allotment (DDA) application money is received and credited in the account. DP Depository Participant Depository(ies) National Securities Depository Limited (NSDL) and/or Central Depository Services (India) Limited (CDSL) Depositories Act The Depositories Act, 1996 as amended from time to time. Directors Directors on the Board of the Company DRR Debenture Redemption Reserve Equity Equity Shareholders of the Company. Shareholders Equity Shares Fully paid-up shares of Rs.10/- each of the Company. FY Financial Year FIs Financial Institutions Information This document as filed with the Stock Exchanges. Memorandum IT Act The Income Tax Act, 1961 (as amended from time to time) MOA / Memorandum of Association of the Company Memorandum of Association MCA Ministry of Corporate Affairs.
    [Show full text]
  • Aditya Birla Nuvo Limited
    Stock Code: BSE : 500303 NSE : ABIRLANUVO Reuters : ABRL.BO / ABRL.NS / IRYN.LU Bloomberg : ABNL IB / ABNL IN / IRIG LX Part of the Aditya Birla Group A USD 40 billion Corporation by revenue size, the Aditya Birla Group is in league of fortune 500 Operating in 36 countries in 6 continents with over 53% of revenue flowing from overseas operations Among the largest and the most reputed business houses in India Flagship listed companies: Aditya Birla Nuvo (Conglomerate), Grasim & Ultratech (VSF & Cement), Hindalco - Incl. Novelis (Aluminium & Copper), Idea Cellular (Telecom) Ranked 4th in global top companies for leaders & 1st in Asia Pacific (Source: Aon Hewitt, Fortune Magazine & RBL - 2011) Anchored by over 136,000 employees belonging to 42 nationalities Trusted by ~ 1.5 million shareholders and over 100 million customers In India Global positioning Leadership Aluminium, Cement, Carbon Black, VSF, VFY, Aluminium World‟s largest aluminium rolling unit Position Branded Apparels, Copper, Chlor-alkali, Insulators (in terms of production / sales) VSF World‟s largest manufacturer Top 3 Telecom (in terms of wireless revenue market share) Carbon Black World‟s largest in terms of capacity Life Insurance (in terms of new business premium) Cement 9th largest manufacturer in the world Top 5 Asset Management (in terms of average AUM) Our Values – Integrity, Commitment, Passion, Seamlessness, Speed 2 Our Vision “To become a premium conglomerate with market leadership across businesses delivering superior value to shareholders on a sustained basis” Kumar
    [Show full text]
  • 2006-07 2006-07 2005-06 2004-05*** 2003-04 2002-03** 2001-02 2000-01 1999-00 1998-99 1997-98 PROFITABILITY Mn US$*
    Mr. G. D. Birla and Mr. Aditya Birla, our founding fathers. We live by their values. Integrity, Commitment, Passion, Seamlessness and Speed M C M C Y K Y K Hindalco’s well-crafted growth and integration hinges on the three cornerstones of COST COMPETITIVENESS Reflected through its strong manufacturing base and operational efficiencies QUALITY Through its versatile range of products serving core applications for diverse industries; and Integrated Aluminium Complex Integrated Copper Complex Power Plant Aluminium Extrusions Plant GLOBAL REACH Bauxite Mines Coal Mines Aluminium Foil Plant Competing in markets across more Alumina Refineries Aluminium Wire Rod Aluminium Alloy Wheels Plant than 40 countries Aluminium Smelter Aluminium Rolled Products Plant R & D Centre Creating Superior Value The Hindalco story unfolds with the establishment of the Company in 1958, the commissioning of the aluminium facility at Renukoot in 1962 and the Renusagar Power Plant in 1967. Over the years, Hindalco has grown into the largest vertically integrated aluminium company in the country and among the largest primary producers of aluminium in Asia. Its copper smelter is today the world’s largest custom smelter at a single location. HINDALCO BUSINESS Share of Net Sales Value Rolled Products 14% Aluminium Extrusions Ingots & Billets 3% Conductor Redraw Rods Top Quartile of lowest cost 9% 5% Aluminium Foil, Alloy Aluminium producers globally Hydrate & Alumina Wheels & Others (Standard & Special) 5% 4% ALUMINIUM Primary Aluminium and Copper 40% registered on the London Metal SAP, DAP & Complexes, Precious Metals & Others Exchange 9% Concast Copper Rods COPPER 20% Star Trading House Status. 60% National Awards in Exports Copper Cathodes 31% M C M C Y K Y K HINDALCO – OUR VISION ALUMINIUM METAL PRODUCTION To be a premium metals major, global in size and reach, with a passionpassion forfor excellence.excellence.
    [Show full text]
  • 2004-05*** 2003-04 2002-03** 2001-02 2000-01 1999-00 1998-99 1997-98 1996-97 1995-96 1986
    H I N D A L C O I N D U S T R I E S L I M I T E D HINDALCO INDUSTRIES LIMITED BOARD OF DIRECTORS ALUMINIUM BUSINESS Mr. Kumar Mangalam Birla Mr. Sashi K. Maudgal, Chief Marketing Officer Chairman Mr. Shankar Ray, Joint President (Chemicals & International Trade) Mrs. Rajashree Birla Mr. Sumit Banerjee, Joint President (Foil & Wheel) Mr. C.M. Maniar Mr. S. M. Bhatia, Chief Operating Officer – Demerged Indal Units Mr. E.B.Desai Mr. Amit Basu, Joint President (HR) – Demerged Indal Units Mr. S.S. Kothari Mr. M.M.Bhagat Mr. K.N.Bhandari Mr. A.K. Agarwala Renukoot Unit Mr. D. Bhattacharya Mr. Ratan K. Shah, Chief Officer – Operations Managing Director Mr. R.P. Shah, Chief Manufacturing Officer Mr. Rahul Mohnot, Jt. Executive President (F & C) Mr. Ajey Srivastava, Joint President (Fabrication) Mr. S.C. Tandon, Joint President (Reduction) KEY EXECUTIVES Mr. J. Bhowmik, Joint President (Renusagar Power) CHIEF FINANCIAL OFFICER Mr. R.K. Kasliwal Group Executive President Aditya Aluminium Mr. S. N. Bontha, CEO COMPANY SECRETARY Utkal Alumina Mr. Anil Malik Mr. S. Marar, CEO AUDITORS COPPER BUSINESS Singhi & Co., Kolkata Mr. P.Balakrishnan, Executive President Mr. A.K. Saxena, Joint Executive President(Manufacturing) Mr. P.S. Ghose, Joint Executive President(Projects) COST AUDITORS Mr. J.P. Paliwal, Joint Executive President(Commercial) R. Nanabhoy & Co., Mumbai Mr. B.M. Sharma, Joint Executive President(Marketing) Mani & Co., Kolkata Mr. Sanjay Loyalka, CEO, Copper Mines(Australia) INDEPENDENT CORPORATE AUDITORS (US GAAP) Mr. S. Talukdar, Deputy CFO KPMG, Mumbai Mr. Kim Freeman, COO (Mining) Mr.
    [Show full text]
  • Hindalco Chairman 2006
    ADITYA BIRLA NUVO LIMITED Registered Office: Indian Rayon Compound, Veraval - 362 266, Gujarat. Website: www.adityabirla.com / www.adityabirlanuvo.com www.reportjunction.com Ceps-2 --- D:\Sales\Rego\Aditya Birla Nova AR 2009\ABN Cover 2009\ABN Deluxe Cover IV & I 2009.pmd --- Sagam\3-6 Mr. G. D. Birla and Mr. Aditya Birla, our founding fathers. We live by their values. Integrity, Commitment, Passion, Seamlessness and Speed www.reportjunction.com THE CHAIRMAN’S LETTER TO SHAREHOLDERS THE CHAIRMAN’S LETTER TO SHAREHOLDERS ... contd. At the business level too, the fundamentals are very strong. Your Company’s consolidated revenues stood at USD 2.7 billion (Rs.13,643.2 Crores), up by 15%. Of this, 51% came from the ‘Growth’ businesses viz., Telecom and Financial Services. The Telecom, Fertilisers, Insulators and Rayon businesses have recorded impressive revenues and earnings. The BPO and the Garments businesses posted a subdued performance, given the troubled times. While in the Life Insurance business, total premium income soared by over 37%, losses have increased driven by the new business strain. Your Company’s consolidated net loss stood at USD 86.1 million (Rs. 430.5 Crores). Your Company has taken major initiatives to ensure profitable growth in the foreseeable future. An in-depth presentation of these steps has been detailed in the Management Discussion and Analysis section, so I will highlight only the key points. In the Telecom business, Idea Cellular Limited (“Idea”), your Company’s Joint Venture, has acquired Spice Telecommunications Limited. Idea will soon become a pan India player, with the addition of 6 new service areas by December 2009.
    [Show full text]
  • Aditya Birla Nuvo Ltd. 40 Contact Us
    Key Highlights 3 – 7 Business-wise Performance 8 – 20 Going Forward 21 Financials and other Annexure 22 – 41 Note 1 : The financial results of ABNL are consolidated financials prepared as per Ind-AS unless otherwise specified Note 2 : The financial figures in this presentation have been rounded off to the nearest ` 1 Crore Glossary RMS – Revenue Market Share CY – Current Year ROACE – Return on Avg. Operating Capital Employed based on EBIT FY – Financial Year (April-March) VLR – Visitor Location Register PY – Corresponding period in Previous Year VAS – Value Added Services PQ – Previous Quarter TPA – Tons per annum Q1– April-June AAUM – Quarterly Average Assets under Management Q2– July-September FYP – First Year Premium Income YTD – Year to date PPI – Prepaid Payment Instrument CAB – Corporate Agents and Brokers Banca - Bancassurance 2 Aditya Birla Financial Services ` 2,17,840 Crore ` 31,823 Crore Funds under Management1 as on Loan book (Incl. Housing Finance) as 30th Sept 2016 (20%↑ y-o-y) on 30th Sept 2016 (54%↑ y-o-y) Revenue EBT Q2: ` 2,535 Cr. (29%↑ y-o-y) Q2: ` 348 Cr. (66%↑ y-o-y) YTD: ` 4,703 Cr. (21%↑ y-o-y) YTD: ` 631 Cr. (41%↑ y-o-y) Telecom (Idea Cellular) 19.3% (Q1 FY17) ` 1,941 Crore (Q2 FY17) 3rd largest in India with improved Standalone3 post tax cash profit revenue market share2 (PY: 18.7%) supporting balance sheet & growth plans 2 1 Includes AUM of Life Insurance, Private Equity and quarterly average AUM of Asset Management businesses Based on gross revenue for UAS and mobile licenses only (Source : TRAI) 3 3 Standalone = Idea Cellular and its wholly owned subsidiaries Divisions (Jaya Shree, Indo-Gulf fertilisers, Indian Rayon, Aditya Birla Insulators) 21% p.a.
    [Show full text]
  • Aditya Birla Nuvo Limited
    Contents Aditya Birla Nuvo – A Snapshot 3 – 12 Segment Financials 13 – 16 Our businesses : Financial Services 18 Fashion & Lifestyle 27 Telecom 37 Divisions 40 Annexure 46 – 54 2 Strong parentage of the Aditya Birla Group A USD 40 billion Indian multinational, Aditya Birla Group is in the league of fortune 500 Operating in 36 countries across 6 continents deriving over 50% of revenue from overseas operations Among the largest and the most reputed business houses in India Flagship listed companies: Aditya Birla Nuvo (Conglomerate), Grasim & Ultratech (VSF & Cement), Hindalco - Incl. Novelis (Aluminium & Copper), Idea Cellular (Telecom) Ranked 4th in global top companies for leaders & 1st in Asia Pacific (Source: Aon Hewitt, Fortune Magazine & RBL - 2011) Ranked 1st in Nielsen’s Corporate Image Monitor 2014-15 – Occupying pole position for 3 consecutive years Anchored by 120,000 employees from 42 nationalities. Trusted by 1.2 Mn shareholders & 160 Mn customers Global positioning In India Largest Indian MNC with manufacturing operations in the US Leadership Aluminium, Cement, Carbon Black, VSF, VFY, Aluminium World’s largest aluminium rolling unit Position Branded Apparels, Copper, Chlor-alkali, Insulators (in terms of capacity/production/sales) VSF World’s largest manufacturer Top 3 Telecom (in terms of wireless revenue market share) Carbon Black World’s largest in terms of capacity Top 5 Life Insurance (in private sector in terms of AUM) Cement Among top 10 manufacturers in the world Asset Management (in terms of average AUM) Our Values
    [Show full text]
  • AV Birla Group Companies Performance Indicators
    Business Case: IMC /05/09 XIMB-Centre for Case Research A V Birla Group: Legacy of Free Enterprise and Diversification Amar K.J.R Nayak© Disclaimer The present case is intended to be used as the basis for class discussion to help raise relevant questions to think and to contextualize management issues rather than to illustrate either effective or ineffective practices. It is neither intended to glorify nor intended to condemn any individual or organization. © Amar K.J.R.Nayak, Ph.D., Strategic Management, Xavier Institute of Management, Bhubaneswar. No part of this publication should be copied, stored, transmitted, reproduced or distributed in any form or medium whatsoever without the permission of the author. Author’s contact: [email protected] <http://www.ximb.ac.in/ccr/> A V Birla Group Legacy of Free Enterprise and Diversification The case of the Birla Group is an amazing story that reveals several aspects of the history of Indian industrial policies, nexus of businessmen-politicians-bureaucrats over the years, ambition to grow among the Indian businessmen, and the journey of a marwari family from small trading of spices and opium to big business over a period of about 140 years. The case highlights the legacy of a business house consisting of some significant businessmen, viz., Ghanashyam Das Birla, Basant Kumar Birla, Aditya Vikram Birla and Kumar Mangalam Birla. It provides a window to peep into the methods and strategy adopted by these business legends for building a business empire and for creating an Indian Multinational as early as by 1980. The case very well depicts diversification as a successful growth strategy in a developing country context with several institutional and policy deficiencies along with the politicians-bureaucrats being prey to business interests.
    [Show full text]