MIRA INFORM REPORT
|
Report
Date : |
25.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
LG ELECTRONICS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.
51, Udyog Vihar Surajpur Kasna Road, Greater Noida, Dist. Gautam Budh Nagar –
201 306, Uttar Pradesh, India. |
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|
Country
: |
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|
|
|
Financials
(as on) : |
31.03.2005 |
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|
|
|
Date
of Incorporation : |
20.01.1997 |
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|
|
|
Com.
Reg. No.: |
20-31138 |
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|
|
|
CIN
No.: [Company Identification No.] |
L00000DL1997PLC0084548 U32107UP2005PTC031138 |
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|
|
TAN
No.: (Tax
Deduction & Collection Account No.) |
PNEL03835G/PNEL03836A |
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|
PAN
No.: (Permanent
Account No.) |
AAACL1745Q/AAAC1745Q |
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|
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|
Legal
Form : |
Private Limited Liability Company |
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|
|
|
Line
of Business : |
Manufacturing
and Trading of all kinds of Consumer Electronics and House Hold Appliances
like Colour Television, Washing Machine, Air Conditioners, Refrigerators,
Computer Monitor, Vacuum Cleaner, Digital Video Display, MP3 Players,
ACD-VCD, Microwave Ovens and PCB Assembly.
|
RATING &
COMMENTS
|
MIRA’s
Rating : |
A |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base
are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum
Credit Limit : |
USD
22500000 |
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|
|
|
Status
: |
Good |
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|
|
|
Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
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|
Comments
: |
Subject
is a part of LG Korea, consumer durable giant, progressing well in The
company can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
|
Registered
Office : |
Plot No. 51, Surajpur-Kasna Road, Udyog Vihar, Greater Noida,
Dist. Gautam Budh Nagar – 201 305,Uttar Pradesh, India |
|
Tel.
No.: |
91-120-2560900 / 940 |
|
Fax
No.: |
91-120-2560918/2560921/2560926 |
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E-Mail
: |
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|
Website: |
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Factory
1 : |
Plot No. 51,
Surajpur-Kasna Road, Udyog Vihar, Greater Noida, Dist. Gautam Budh Nagar –
201 305,Uttar Pradesh, India Tel. No.
: 91-120-2560900 / 940 Fax No.
:
91-120-2560918/2560921/2560926 E-Mail : itlg@lgeil.com/askus@lgebuzy.com
Website http://www.lgezbuy.com
/ http://www.lgindia.com B-243 Ground Floor, Okhla Industrial Area, Phase-1, New
Delhi-110020, Tel No : 91-11-26371208 Plot No. A-5, MIDC Ranjangaon, Taluk Shirur, Pune-412220, |
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Branches
: |
Located
At : v
221, Okhla Industrial Area, Phase III, Tel. No. 91-11-26310927 v
A-41, Mohan Co-operative Industrial Estate, Usha Bhawan, Tel. No. 91-11-26959559 / 9710 v
101/102, Narayan Complex, Opp. Havmor Rest., Near Navrangpura,
Ahmedabad, Tele No. 91-79-26460963 v
93, Tele No. 91-80-24145145 v
Plot No. 2, Office No. 3, Bapuji Nagar, Bhubaneshwar – 751 009, Orissa
Tele No. 91-674-2534280 / 2531430 v
1, Tele No. 91-33-22810481 v
SCO-1124-25, Sector – 22B, Tele No. 91-172-2389105 v
No. 90, Tele No. 91-44-25531465/62 v
40/1270, Tele No. 91-484-2383019 v
250, A Kannappan Nagar, Tele No. 91-422-2332195 v
J-10, RDC, Opp. New Tele No. 91-120-2754850 v
Plot No-D-3 & D-4, Rego Baug, Alto Santacruj, Bambolim, Tele No. 91-832-2414006 v
Shantineer Bhawan, C.K Agarwal Path, Chenikurthi, Guwahati – 781003, Tele No. 91-361-2632895 v
K/1/1, IDA, Uppal, Tele No. 91-40-27207504 v
Sri Balakrishna Industrial Compound, Next to Sidheshwar Complex,
Bangapur Chowk, P.B. Road, Hubli, Karnataka. Tele No.91-831-242552 v
3rd Floor, 304 Bansi Trade Centre, 581/5, Tele No. 91-731-2532444 v
B – 71, Sahkar Marg, Lal Kothi Scheme, Jaipur, Rajasthan Tele No. 91-141-2741553 v
Plot No. 52, Transport Nagar, Narwhal, Tele No. 91-191-2474516 v
C/o. Sunder Cold Store & Industries Compound, Tele No. 91-1264-372346 v
537, Hari Kunj, Keshav Nagar, Tele No. 91-522-233496 v
Village Threekay, v
Unit No. 2, ‘K’ Wing, Ground Floor, Tex Centre, Behind HDFC Bank, Off
Saki Vihar Road, Chandivli, Andheri (East), Mumbai – 400 072 Tele No. 91-22-28562416 v
B-8, S.K. Puri, Tele No. 91-612-2211373 v
108/7, Tele No. 91-20-24030100 v
5-A, MIDC, Hingna, Tele No. 91-7104-235127,
234401 v
Nathani Complex, Shaym Nagar, Katoratalab, Tele No. 91-771-2637470 v
402,405 Tele No. 91-651-2301815 v
AD-1 to AD-13, Rajlaxmi, Commercial Complex, Tele No. 91-2522-2247698 v
Unit No.2, ‘K’ Wing, Ground Floor, Tele No. 91-22-28562410 / 11 / 12 / 13 / 14 v
20-A, Shivaji Marg, Moti Nagar, New Delhi-110015, Tel. No.: 91-11-26181114 Fax No.: 91-11-26181115 |
DIRECTORS
|
Name : |
Mr.
Kwang Ro Kim |
|
Designation
: |
Managing
Director |
|
Address
: |
1. 3-2/14, Vasant Vihar, 2. 901-305, |
|
Date
of Birth/Age : |
02.11. 1946 |
|
Qualification
: |
Graduate |
|
Experience
: |
28 Years |
|
Date
of Appointment : |
01.01. 1999 |
|
Previous
Employment |
LG
Electronic Inc., |
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|
|
|
Name : |
Mr. In Seog Kim |
|
Designation
: |
Director |
|
Address
: |
Sungwon Grand, Apartment – 302, 2303, Sangnnam Dong, |
|
Date
of Birth/Age : |
03.01. 1961 |
|
Date
of Appointment : |
07.06. 2004 |
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|
|
|
Name : |
Mr. In Ho Kim |
|
Designation
: |
Alternate Director to Mr. In Seog Kim |
|
Address
: |
C – 86, 1ST Floor, Anand Niketan, |
|
Date
of Birth/Age : |
17.08. 1961 |
|
Qualification:
|
B. Com |
|
Date
of Appointment : |
07.06. 2004 |
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|
Name : |
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|
Designation
: |
Director |
|
Address
: |
1/21, 1st Floor, Shanti Niketan, |
|
Date
of Birth/Age : |
05.10. 1954 |
|
Date
of Appointment : |
06.01. 2005 |
|
|
|
|
Name : |
Pradeep Kumar Panda |
|
Designation
: |
Company Sectary |
|
Address
: |
B – 1, LG Housing Society, Plot No. 3, Sector, Greater
Noida, District – Gautam Budh Nagar |
|
Date
of Birth/Age : |
01.06. 1966 |
|
Qualification:
|
B. Com, FCA |
|
Date
of Appointment : |
21.01. 2002 |
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|
Name : |
Mr. Soon Seop Jung |
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Designation
: |
Director |
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|
Name : |
Mr. |
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Designation
: |
Director |
KEY EXECUTIVES
|
Name : |
Mr. W. C.
Kim |
|
Designation
: |
Director |
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|
|
|
Name : |
Mr. Amit
Gupta |
|
Designation
: |
General Manager
(Sales) |
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|
Name : |
Mr. Jin
Won Kang |
|
Designation
: |
General
Manger (R & D) |
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|
Name : |
Mr. Myung
Ho Kang |
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Designation
: |
General
Manger (Export) |
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|
Name : |
Mr.
Sanjay Arora |
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Designation
: |
Vice President
(Manufacturing) |
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|
Name : |
Mr. Yong
Jang |
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Designation
: |
General
Manger |
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|
Name : |
Mr. Vipin
Gupta |
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Designation
: |
General
Manger |
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|
Name : |
Mr. Soos
Kyu Song |
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Designation
: |
General
Manger |
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|
Name : |
Mr. R
Manikandan |
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Designation
: |
General
Manger (PGHT) |
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|
Name : |
Mr. P y
Jeong |
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Designation
: |
General
Manger (MPC) |
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|
Name : |
Mr.
Praveen Valecha |
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Designation
: |
General
Manger (PGHGSM) |
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|
Name : |
Mr. K K
Kaul |
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Designation
: |
Senior
General Manger ( |
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|
Name : |
Mr. Anil
Arora |
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Designation
: |
General
Manger (PGH) |
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|
Name : |
Mr. Ashok
Kumar |
|
Designation
: |
General
Manger (HR & MS) |
MAJOR
SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Mr.
Satyanarayan Ajmera |
113128729 |
|
Mr.
Jaydeep Gupta |
1 |
|
Mr. Yasho
Vardhan Verma |
1 |
|
Mr. Amit
Gupta |
1 |
|
Mr.
Kishor Kumar Kaul |
1 |
|
Mr.
Pradeep Kumar Gupta |
1 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturing
and Trading of all kinds of Consumer Electronics and House Hold Appliances
like Colour Television, Washing Machine, Air Conditioners, Refrigerators,
Computer Monitor, Vacuum Cleaner, Digital Video Display, MP3 Players,
ACD-VCD, Microwave Ovens and PCB Assembly.
|
|
|
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|
Products
: |
Color Television – 8528.00
Projection
TV
LCD Projector Xcanvas
PDP LCD
DVD Player
Refrigerator – 8418.10
Washing Machine – 8450.10
Air Conditioner – 8450.00
Vacuum Cleaner
Home PC
GSM Mobile Phones Laptop
Microware
Ovens – 8516.00 Monitors
– 8471.00 Personal
Computer – 8471.30 Compressor
– 8414.30 Digital
Local Digital
Wireless Local Microwave Ovens Compressors |
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Exports
to : |
South Africa, Middle East, Singapore, Hong
Kong, New Zealand, Sri Lanka, Dubai and Maldives. |
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Imports
from : |
Electronic components from |
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|
Terms
: |
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|
Selling : |
Cash or other terms |
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|
|
Purchasing : |
Credit (30-60
days), Others and L/C terms. |
PRODUCTION STATUS
|
Particulars |
Unit |
|
Installed Capacity |
Actual Production |
|
Colour
T.V. |
Nos. |
|
2200000 |
1692668 |
|
Refrigerators |
Nos. |
|
1800000 |
1125165 |
|
Washing
Machines |
Nos. |
|
600000 |
436101 |
|
Air
Conditioners |
Nos. |
|
500000 |
261022 |
|
Micro
Oven |
Nos. |
|
425000 |
55855 |
|
Colour
Monitors |
Nos. |
|
800000 |
801712 |
|
Desktop
Pcs |
Nos. |
|
100000 |
69511 |
|
Sub
Assemblies Compressors |
Nos. |
|
850000 |
35725 |
|
Others |
Nos. |
|
1300000 |
1159122 |
|
WLL
Systems |
Nos. |
|
600000 |
1046240 |
|
Terminals
|
Nos. |
|
300000 |
0.000 |
GENERAL
INFORMATION
|
Suppliers
: |
LG |
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No. of
Employees : |
1600 |
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Bankers
: |
v
State Bank of v
ICICI Bank Limited, 9A v
Citibank NA, DLF Centre, 5th Floor, v
ING Vysya Bank Limited v
The Bank of v
Standard Chartered Bank v
Punjab National Bank v
HSBC v
Deutsche Bank |
||||||||||||||||
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|
||||||||||||||||
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Facilities : |
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Banking Relations : |
Good |
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Auditors
: |
Chartered Accountants Atma Ram House,
Chartered Accountants
Chartered Accountants |
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|
Associates: |
LG
Soft It was promoted by the third largest News Articles – LG Electronic Inc, a $16 billion electronics and
telecommunication , plans to leverage facilities of its’ group company LG
Soft India to design and feature applications and software which are specific
to Indian needs on its’ code division multiple access (CDMA) handsets. The company has tied-up with Reliance Infocomm to provide
CDMA Technology based mobile handsets in the country. It has also provided a
limited number of mobile handsets to Tata Teleservices for the latter’s foray
into the mobile telephony. The CDMA global market, the company supplied a total of
six million mobile phones, recording a 23% market share. It outperformed
other players such as Samsung Electronics and Motorola which supplied 5.1
million units, covering nearly 19.6% market share.
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Subsidiaries |
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|
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|
Holding
company: |
·
L G Electronics almaty kazak company limited ·
L G Electronics ·
L G Electronics Australia PTY Limited ·
L G Electronics Canada Inc. ·
L G Electronics Deutsuchland Gbbh, PT ·
L G Electronics Display Devices, ·
L G Electronics ·
L G Electronics Espana S A ·
L G Electronicsgulf GZE ·
L G Electronicshk Limited, PT ·
L G Electronics Indonesia Limited ·
L G Electronics Japan Inc. ·
L G Electronics Middle East Company Limited ·
L G Electronics Magyar Kft. ·
L G Electronics(M) SDN. BHD ·
L G Electronics Polska Sp. Zo. O. ·
L G Electronics ·
L G Electronics ·
L G Electronics S A Pty Limited ·
L G Electronics De Sao Paulo Limited ·
L G Electronics United Kingdom Limited ·
L G Electronics Ukraine Company Limited ·
L G Electronics Wales Limited |
CAPITAL
STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
115000000 |
Equity
shares |
Rs. 10 each |
Rs. 1150.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
113128732 |
Equity
shares |
Rs. 10 each |
Rs. 1131.287 millions |
FINANCIAL DATA
[all
figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
1131.287 |
1131.287 |
1131.287 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
6224.696 |
4508.399 |
3690.417 |
|
|
4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7355.983 |
5639.686 |
4821.704 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1] Secured
Loans |
6609.349 |
6375.652 |
3754.567 |
|
|
2]
Unsecured Loans |
672.919 |
3179.245 |
400.000 |
|
|
TOTAL BORROWING |
7282.268 |
9554.897 |
4154.567 |
|
|
DEFERRED
TAX LIABILITIES |
0.000 |
80.206 |
123.648 |
|
|
|
|
|
|
|
|
TOTAL |
14638.251 |
15274.789 |
9099.919 |
|
|
|
|
|
|
|
|
APPLICATION
OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED
ASSETS [Net Block] |
4517.167 |
4632.271 |
3899.509 |
|
|
Capital
work-in-progress |
160.511 |
351.540 |
574.661 |
|
|
|
|
|
|
|
|
INVESTMENT |
165.626 |
0.000 |
27.446 |
|
|
DEFERREX
TAX ASSETS |
0.000 |
0.000 |
9.577 |
|
|
|
|
|
|
|
|
CURRENT
ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8977.358
|
9709.360 |
5466.096 |
|
|
Sundry
Debtors |
4863.389
|
4047.082 |
3406.819 |
|
|
Cash
& Bank Balances |
1244.739
|
1000.790 |
1231.431 |
|
|
Other
Current Assets |
349.592
|
532.299 |
242.045 |
|
|
Loans
& Advances |
5448.327
|
3648.904 |
2935.812 |
|
Total Current Assets |
20883.405
|
18938.435 |
13282.203 |
|
|
Less : CURRENT LIABILITIES &
PROVISIONS |
|
|
|
|
|
|
Current
Liabilities |
7474.690
|
6373.372 |
6528.692 |
|
|
Provisions |
3623.463
|
2276.378 |
2164.785 |
|
Total Current
Liabilities |
11098.153
|
8649.75 |
8693.477 |
|
|
Net Current Assets |
9785.252
|
10288.685 |
4588.726 |
|
|
|
|
|
|
|
|
MISCELLANEOUS
EXPENSES |
9.695 |
2.293 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14638.251 |
15274.789 |
9099.919 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales
Turnover |
56922.397 |
50.429.617 |
37391.645 |
|
|
Total
Income |
56922.397 |
50429.617 |
37391.645 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
2828.752 |
1662.896 |
2847.921 |
|
|
Provision for Taxation |
1112.455 |
588.795 |
995.833 |
|
|
Profit/(Loss) After Tax |
1716.297 |
1074.101 |
1852.088 |
|
|
|
|
|
|
|
|
Earnings
in Foreign Currency : |
|
|
|
|
|
|
Export Earnings |
5619.995 |
0.000 |
|
|
|
Commission Earnings |
0.000 |
0.000 |
2538.321 |
|
|
Other Earnings |
857.496 |
0.000 |
|
|
Total
Earnings |
6477.491 |
0.000 |
2538.321 |
|
|
|
|
|
|
|
|
Imports
: |
|
|
|
|
|
|
Raw Materials |
18538.056 |
0.000 |
0.000 |
|
Total
Imports |
18538.056 |
0.000 |
11516.049 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
|
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
Raw Material Consumed |
|
|
|
|
|
Purchases made for re-sale |
|
|
|
|
|
Consumption of stores and spares parts |
|
|
|
|
|
Increase/(Decrease) in Finished Goods |
|
|
|
|
|
Salaries, Wages, Bonus, etc. |
54093.645 |
48766.721 |
34543.724 |
|
|
Managerial Remuneration |
|
|
|
|
|
Payment to Auditors |
|
|
|
|
|
Interest |
|
|
|
|
|
Insurance Expenses |
|
|
|
|
|
Power & Fuel |
|
|
|
|
|
Depreciation & Amortization |
|
|
|
|
|
Other Expenditure |
|
|
|
|
Total
Expenditure |
54093.645 |
48766.721 |
34543.724 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
3.01
|
2.12 |
4.95 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
4.96
|
3.29 |
7.61 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
11.13
|
7.05 |
16.57 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.29 |
0.59 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
2.49
|
3.22 |
2.66 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
1.88
|
1.84 |
1.52 |
Consolidated
Balance Sheet (Parent Company)
(In
millions of Korean Won)
|
PARTICULARS |
2001 |
2000 |
Current Assets |
2.485 |
2.740 |
|
Quick Assets |
1.527 |
1.549 |
|
Inventory |
0.958 |
1.192 |
|
|
|
|
Fixed Assets |
9.108 |
9.140 |
|
Invested Investment |
5.113 |
4.710 |
|
PP & E |
2.923 |
3.337 |
|
Intangible Assets |
1.071 |
1.093 |
|
Differed Assets |
|
|
Total Assets |
11.593 |
11.880 |
|
|
|
|
|
Current
Liabilities |
4.614 |
5.296 |
Long Term Liabilities
|
2.714 |
2576 |
Total Liabilities |
7.328 |
7.872 |
|
|
|
|
|
Capital
Stock |
1.031 |
1.031 |
Capital Surplus
|
2.354 |
2.355 |
|
Retained
Earnings |
1.452 |
1.674 |
|
Capital
Adjustment |
0.571 |
1.052 |
Total Capital |
4.265 |
4.008 |
Total Liabilities and Capital |
11.593 |
11.880 |
Consolidated Income Statement
(Parent Company)
(In
millions of Korean Won)
|
PARTICULARS |
2001 |
2000 |
|
Sales |
16.601 |
14.836 |
|
Domestic |
6.084 |
4.881 |
|
Export |
10.517 |
9.955 |
|
|
|
|
|
COGS |
12.915 |
11.821 |
|
Gross Profit |
3.686 |
3.015 |
|
SG & A |
2.980 |
2.094 |
|
Operating Profit |
0.796 |
0.921 |
|
Non-operating Profit |
2.145 |
1.042 |
|
|
|
|
|
Non
operating expenses |
2.367 |
1.234 |
|
|
|
|
Ordinary Profit
|
0.574 |
0.729 |
|
Extra
ordinary gains |
|
|
|
Income
before tax |
0.574 |
0.729 |
|
Income tax
expenses |
0.066 |
0.226 |
Net income |
0.507 |
0.502 |
|
|
|
|
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
The company was incorporated on 20th January,
1997 at
The company’s registered office at 221, Okhla Industrial
Estate, Phase III, New Delhi – 110 020 has been shifted to the above address.
Subject is a wholly owned subsidiary of LG Electronics,
The internationally famed company LG, was started off as
Lucky Goldstar, a small chemical company manufacturing cosmetics. The company was launched in 1947 by
businessman, Mr. Ku-in-Hwe, in the second largest city in South Korea-Pusan.
Its' success ensues from the genial alliance between the
Korean Government and the organisation.
The South Korean Government guided the five chaebols into different industries
and product lines. The company plunged
into the electronics business under the Goldstar brand name in 1958. In the same year, it manufactured
It adopted the new name and corporate identity in 1995 from
the company's two foremost brands, Lucky and Goldstar.
The Company’s registered office has been shifted from
Finance
Credit rating for the company’s commercial paper programme
for Rs. 1000.000 Millions was reaffirmed as “P1+” by CRISIL, wich indicates
very strong degree of safely with regard to timely payment of principal and
interest.
Long term debt rating for
the company was upgraded from “AA” to “AA+” which indicate high safety of
timely payment of interest and principal.
Performance
Review:
During the year sale has
been Rs. 50429.600 Millions as against Rs. 37391.600 Millions in the last
year. Earning before interest,
depreciation and (EBITDA) and profit after tax been Rs. 3000.200 Millions (last
year Rs. 3719.700) and Rs. 1074.100 Millions (last year Rs. 1852.100 Millions)
respectively. While sale registered a growth of 35%, EBITDA and PAT declined by
19% and 42% respectively. Decrease in the profit is mainly due to higher cost
of raw materials across all products, which company did not pass on to the
customer. Despite low margins, the company could maintained it’s growth through
product development, appropriate product mix and higher volumes.
Future
Out Look
Looking
forward the company is ready to meet the challenge posed by the market
environment and confident to register excellent growth in all producer
categories giving more thrust on GSM mobile Phones, IT related and Export
Sales
and Marketing:
The company continue to maintained the market leadership in
the consumer durable segment in year under review and it’s Brand “LG” remains
to be the most preferred consumers durables Brand in
Moving ahead with the key marketing programs, the company
came up with promotional campaigns both
at national as well as regional levels. LG Mega Diwali Offer (Dhoom Macha De)
and Lg Indo-Pak challenge Offer (Khelega Kya) were two Mega Consumers offer
among others.
Commemorating the spirit of the cricket and celebrating the
universal passion for the game, LG has joined hands with International cricket
Council (ICC) to promote LG ICC Test Championships, One day International and
first ever-official ranking –the LG ICC players Rankings.
Reiterating
it’s commitment to introduce latest
cutting-edge technology products in the Indian market, LG has launched
futuristic new products in almost all the categories like super Slim CTV, 3G phones, Sonoma platform
notebooks, Dishwasher and Dryers and Myhomenet. Each product introduced is
exclusive in its own categories.
LG has been named as “EFY Electronic Organization of the
year”, “Consumer Durable Retailer of the Year” and also has been recognized as
the Best Newsmakers of the year 2004 in the consumer durable categories.
|
Name of
the company |
LG Electronics India Private Limited |
|
Presented
By |
Pradeep Panda – Company Sectary |
|
1. Date
and Description of the instrument creating the charge |
Charge created on 27th September, 1999 and registered
on 25th October, 1999 for Rs. 140.000 Millions Modified on the 10th August, 2000 for
enhancement to Rs. 240.000 Millions Modified on 8th September 2000, for enhancement
to Rs. 410.000 Millions Modified on 23rd October 2001, and registered
on 31st December, 2001 for
amendment in terms Modified on 7th February, 2002 and registered
on 5th March, 2002 for creating second charge on the immovable
properties of the company Modified on 10th May, 2002 registered on 31st
May, 2002 for reduction of limit to Rs. 330.000 Millions Modified on 18th June, 2003 registered on 10th
July, 2003 forincrease of the amount to Rs. 1500.000 Millions Modified on 24th February, 2004 registered on 22nd March, 2004
for creating second charge on the immovable properties of the company Modified on 21st
January, 2005 registered on 28th
January, 2005 forincrase the limit to
Rs. 1750.000 Millions |
|
2. Amount
secured by the charge amount owing on security of the charge |
Rs. 140.000 millions ( Rupees 140.000 millions) |
|
3. short
particulars of the property charged. If the property is the property acquired
is subject to charge, date of the acquisition of the property should be
given. |
1. A first charge
ranking pari pasu to the charges created/ to be created in the favour of State
Bank of India, city bank N A, ING Vyasa Bank, Hong Kong and Shanghai Banking
corporation and Deutsche bank and BNP Paribus By Hypothecation and/or pledge
of the borrowers entire stock of raw materials, semi finished goods,
consumables such as book debts, outstanding moneys and receivables (“Current
Assets”) both present and future of the such form satisfactory to the bank 2. A joint Mortgage and Charge in favor of the Bank of all
the borrowers immovable and movables properties both present and future
including movable machinery, machinery, Machinery spares, tools, and
accessories (“movable assets”) both present and future ranking second and
subservient to the mortgages and charges created/ to be created in the favor
of Standard Chartered Bank and SBI (for Term Loans ). The current
Assets and movable Assets are hereinafter collectively referred to as “ the
said Goods” |
|
4. Gift of
terms and conditions and extend operations of the charge |
The above is to secure cash credit limits of Rs. 26.000
millions and WCDL Rs. 104.000 Millions, letter of the credit (Inland/Import)
bank guarantee limit of Rs. 10.000 Millions with margin @25% on raw
materials, stock in progress , consumables stores and spares, finished goods
and book debt (cover period not to exceed 90 days) interest as per schedule 3
of the credit facility agreement or at such other rate as may be specified by
the bank from time to time. In consideration of the IOCICI Bank lent and advanced/
agreed to lend and advanced to the company the facility, agreement and
declaration by the company, inter alia, as follows: 1. Covenant by the company to repay the facility and pay
interest and all other monies in the
manner set out in the facility agreement between the company and the
ICICI Bank and to comply with the terms and conditions of the said facility
agreement. 2. The company to keep the said goods in marketable and
good condition and also insured as provided therein. 3. Power of entry, power to take charge and/or possession
of, seize, recover, receive, receive, appoint receivers of and remove and /or
sale by auction or private contract, dispatch for realization or otherwise
dispose of or deal with all or any part of the said goods etc. as provided
therein. |
|
5. Name
and Address and description of the person entitled to the charge. |
ICICI BANK LIMITED 9A |
|
6.
Date and brief description of
instrument modifying the charge |
The company in favor of the state bank of India, by
bdeposite of title deeds with ICICI bank Limited acting for itself and as
agent of state bank of India, in respect of the companies immovable properties
situated at plot No. 51, Udyog Vihar Phase2, Surajpur Kasna Road, Greater
Noida, Uttar Pradesh in order to create a security thereon as and by the way
of Joint Mortgage by deposit of title deeds pursuant to the resolution passed
by the Board of Directors on 28th March, 2005 |
|
7.
Particulars of modifications specifying the terms and conditions or the
extent of operations of the charge in which modification is made and the
details of the modification. |
The working capital credit
facility of Rs. 1750.000 Millions presently secured by hypothecation
and/ or pledge of the companies stock
of raw materials, semi finished goods, consumable stores and other movables
such as book debts, outstanding monies and future is now further secured by
way of second charge on the companies immovable properties situated at Plot
No. 51, Udyog Vihar Phase 2, Surajpur Kasna Road, Greater Noida, Uttar
Pradesh |
|
|
|
|
Name of
the company |
LG Electronics India Private Limited |
|
Presented
By |
Pradeep Panda – Company Sectary |
|
1. Date
and Description of the instrument creating the charge |
Goods security agreement Date 16th January,
1998 (Registered in the office of the registrar of the company on 20th
April, 1998) |
|
2. Amount
secured by the charge amount owing on security of the charge |
Fund base
70.000 Millions Non Fund Base
7.000 Millions (Letter of Credit)
77.000 millions |
|
3. short
particulars of the property charged. If the property is the property acquired
is subject to charge, date of the acquisition of the property should be
given. |
Charge by way of Hypothecation: 1. All present and future movable goods, merchandise,
products and or materials now or stored or lying at the Godown whosesoever
the same may be removed or may for the long time being be lying or I the
respect of which the company can be make or affect purport to make and
deposit, pledge , hypothecation or charge whether the goods be in course of
transit from one go down to another or in transit by Land or sea or awaiting
clearance through customs or whether in the possession control or power of
the company or the Bank. 2. All the present and future books debts, outstanding and
claims due to any moneys receivables by the company |
|
4. Gift
of terms and conditions and extend operations of the charge |
All the money payable by the company to the Bank shall
carry interest rate at Citi Bank PLR from time to time calculated at daily
balance and charged against the account monthly The company shall not at any time be entitled to borrow
from the bank and/ or to cash credit facilities if and in case the balance at
the time shall exceed 75% of the book debts of the goods and 50% of the value
of the book debts hereby hypothecated and the company shall at all times
maintained with the bank a margin 25% in the respect of the goods and 50% in
the respect of book debts charged 3. The sale proceeds of the company of the goods and /or
realization pf the book debt or of the other securities if any shall if sold
or realized by the company be paid into the companies account with bank and
if for any reason this is not done by the company it will not be deemed to be
a waiver by the bank of it’s charge thereon The company shall be at it’s own expenses during the continuance
of this securities keep the hypothecated goods in marketable and the goods
conditions and shall likewise at it’s own expense insure and keep insured the
hypothecated goods against loss or damage by the fire and such other risk as the bank may direct in the of the
bank or I the borrowers names with the banks interest noted in the policy/
policies for the full market value thereof in an insurance office /s approved
by the bank and policies shall be lodged with the bank The bank or any person appointed by the it shall have the
right to enter with pr without notice to the borrower at any time or times
the premises where the goods are stored and to inspect and take particulars
of the goods and the bank shall be at liberty to have all or any of the goods
valued at the expenses of he company by an appraiser or other values
approved by the bank In the event of the borrower failing to pay on demand the
balance or any other monies due to bank under this agreement the bank shall
be entitled but not bound without any previous notice to the company and
without prejudice to any other rights or remedies of the bank To take possession of and/or sell or otherwise dispose off
either by public auction or private contracts at any times or times in such
conditions as it may think fit
with out reference to the company or obtaining it’s
consent the goods or any parts thereof As attorney for and in the name of the company or
otherwise to recover and receive and appoint receiver of the book debt or any
part of give notice and demand to the
debtor and third parties liable thereof and sue for recover receive and give
receipt for the same and sell or realized by the public auction or private
contracts or otherwise dispose off or deal with all or any part of such debts
and enforce, settle, compromise submit to arbitration or deal in any manner
with the book debts or any part threof. |
|
5. Name
and Address and description of the person entitled to the charge. |
City Bank NA DLF Centre 5th Floor Parliament Street |
|
6.
Date and brief description of
instrument modifying the charge |
Goods security agreement dated 28th March, 2005
Certified True Copy Attached |
|
7.
Particulars of modifications specifying the terms and conditions or the extent
of operations of the charge in which modification is made and the details of
the modification. |
The working capital limit of Rs. 620.000 Millions
(consisting of fund based limit of Rs. 600.000 Millions and Non Fund Based
Limit of Rs. 20.000 Millions) has been revised and increased to Rs. 1182.500
Millions (consisting of fund Based Limit of Rs. 1162.500 Millions
and Non Fund Based Limit of Rs. 20.000 Millions) |
|
|
|
|
Name of
the company |
LG Electronics India Private Limited |
|
Presented
By |
Pradeep Panda – Company Sectary |
|
1. Date
and Description of the instrument creating the charge |
From C – 1, C – 2, C- 3, Dated 13th April, 1998
of loan for overall limit, hypothecation of goods assets and pledge of good and
assets (Filed and registered on 17th December, 1998) |
|
2. Amount
secured by the charge amount owing on security of the charge |
Bank Guarantee – Rs. 50.000 Millions Rs. 10.000
Millions Cash Credit
Rs. 14.000 Millions WCDL
Rs. 56.000 Millions Letter of Credit
Rs. 20.000 Millions |
|
3. Name
and Address and description of the person entitled to the charge. |
State Bank of |
|
6.
Date and brief description of
instrument modifying the charge |
The company in favor of the state bank of India, by
bdeposite of title deeds with State Bank of India acting for itself and as agent of state
bank of India, in respect of the companies immovable properties situated at
plot No. 51, Udyog Vihar Phase2, Surajpur Kasna Road, Greater Noida, Uttar
Pradesh in order to create a security thereon as and by the way of Joint
Mortgage by deposit of title deeds pursuant to the resolution passed by the
Board of Directors on 28th March, 2005 |
|
7.
Particulars of modifications specifying the terms and conditions or the
extent of operations of the charge in which modification is made and the
details of the modification. |
The working capital credit
facility of Rs. 2300.000 Millions presently secured by hypothecation
and/ or pledge of the companies stock
of raw materials, semi finished goods, consumable stores and other movables such
as book debts, outstanding monies and future is now further secured by way of
second charge on the companies immovable properties situated at Plot No. 51,
Udyog Vihar Phase 2, Surajpur Kasna Road, Greater Noida, Uttar Pradesh |
Profile :-
Subject a wholly owned subsidiary
of LG Electronics,
The Greater Noida manufacturing
unit line has been designed with the latest technologies at par with
international standards at
Financial Performance: LG has been
able to craft out in five years, a premium brand positioning in the Indian
market and is today the most preferred brand in the segment
Turnover for 1997 Rs. 1,250 millions
Turnover for 1998 Rs.
4,850 millions
Turnover for 1999 Rs.
10,560 millions
Turnover for 2000 Rs.
19,030 millions
Turnover for 2001 Rs.
22,160 millions
Turnover for 2002 Rs.
30,000 Millions
LG has been able to craft out in
five years, a premium brand positioning in the Indian market most preferred
brand in the segment.
Various studies have shown that the
consumer is well informed on the health awareness front. LG was one of the
first companies who recognized the emerging change in consumer needs and
decided to differentiate their products on the basis of technology which
appealed to the consumer on the basis of health benefits. Its vision was to
become a 'Health Partner' for its consumers worldwide and therefore formulated
its corporate philosophy to make peoples' lives better, convenient and
healthier. The CTV range offered by LG has 'Golden Eye' technology, which
senses the light levels in the room and adjusts the picture to make it more
comfortable for the eyes. The entire range of LG air-conditioners have 'Health
Air System', which not just cools, but keeps pollution out. Similarly,
microwave ovens have the 'Health Wave System', refrigerators have the 'PN
System', which preserves the nutrition in food and washing machines have
'Fabricare System', which takes the health factor down to ones clothes. All the
products offered by the company have unique technologies, developed by its
R&D departments that give customers a healthier environment to live-in.
The year 2001 witnessed LG becoming
the fastest growing company in the consumer electronics, home appliances and
computer peripherals industry. The company had till the month of October 2001
achieved a cumulative turnover of Rs 50000.000 Millions in India since its
inception in 1997, making it the fastest ever Rs 50000.000 Millions clocked by
any company in the Indian consumer electronics and home appliances industry.
Having achieved this milestone, LG achieved another benchmark with the first
ever sales of Rs. 0.100 Millions ACs (Windows and Splits) in a calendar year.
LG is poised to surpass its turnover target of Rs. 27000 millions this year and
clock a turnover of Rs. 30000 millions.
This year, LG has emerged as the
leader in Colour Televisions, Semi Automatic Washing Machines, Air
Conditioners, Frost-Free Refrigerators and Microwaves Ovens. In Colour
Televisions having set the sales target of one million units of Color
Televisions for 2002, LG has already achieved the one million mark in the month
ahead of its target.
LG Electronics India is the fastest
growing company in the consumer electronics, home appliances and computer
peripherals industry today. LG Electronics is continually providing superior
technology products & value for money to over 0.500 millions households in
AS PER
WEBSITE:
About Us >
Vision
LG Electronics vision for the 21st
century is to become a true global digital leader through fast growth and fast
innovation and to be known as a company who can make its worldwide customers
happy through its innovative digital products and services. LG Electronics has
set its mid-term and long-term goal to rank among the top 3 electronics,
information, and telecommunication firms in the world by 2010. They aim to utilize
their core capabilities of product leadership, market leadership and people
leadership and enhance their corporate culture of team work and fun workplace
to achieve their mission of becoming "2 by 10", that is, double their
sales volume and profit by year 2010.
Message
from MD
Adding value to the customer's life as a motto was upheld when LG touched the Indian shores way back in 1997. Today, as they are entering a decade, it is very heartening so see that their company and all it’s employees have not only lived up to this motto, but taken it to tremendous heights through sheer hard work and determination.
Their mission simply was to provide their valued customers with products which
add value to their life, and to build an ever lasting relationship based on
that foundation. Today, this mission has seen us emerge as leaders across
categories in the Indian Consumer Electronics and Home Appliance segment.
LG has in a short span of nine years setup two state-of-the art manufacturing
facilities and achieved an un-precedented turnover figure of Rs. 75000.000
Millions in 2005. They have laid out an extensive network of 46 branches across
the country employing a total of 2700 people, making LG one of the most
respected and visible brands in India.
I would like to take this opportunity to make a mention of the
Looking forward, their endeavor will continue to be the dictum of providing
their customers with Intelligent and futuristic products though constant
innovation and market research. They also aim to make
Through this website they hope to provide an insight into their company and
their brand. They invite you to interact freely with us through this medium and
provide the valuable feedback
Internal Culture
As they all know requirement
of trained and experienced Professional with the desired mindset is the need of
the hour for any Organization to Survive and Grow in this competitive
environment.
To cope with the growing expectations of business and in order to give the
organization a competitive edge to the business they in LG have streamlined the
whole system by integrating the HR fundamentals with Information Technology and
have adopted some practices unique to LG.
LG as a
brand and a market leader in
Once these candidates are hired, they undergo and exhaustive induction
programme for a duration of 14 days under which the candidate is acquainted
which each and every aspect of the organization. A thorough integration with HR
& Business Processes takes place and the formulation of a KPI is done
within three days of taking the candidate onboard. Customer Department/Vendor
Department interaction also takes place.
LG as
an organization takes pride in the fact that they have the highest manpower
productivity and the lowest manpower cost in comparison to the industry. Infact
LG is benchmarked in terms of manpower costing.
Employees are given a chance to visit Korea on completion of years in LG. Apart
from this LG also has a family ambassador programme where a dedicated mentor
goes to the workers house and talks to his family, their problems etc. and
tries to make their situation better. All workers are served lunch alongwith
the other senior employees so that no demarcation is made.
Infact
lunch is first served to workers and then to the white collar employees. On the
first Monday of every month the workers meet the MD and 50 workers amongst of
them get awards for outstanding performance.
Besides
this, there are informal clubs such as singing, games and yoga clubs which aims
at de-stressing employees and building their overall personality.
Corporate Social Responsibility
(CSR)
With the advent of
globalization in
As a leading corporate in India, they at LG believe
that corporate contribution to society when guided by self-interest results in
long term goodwill building, and have therefore endeavored to assume
responsibility for the needs of its people, the environment and the society.
They have consistently looked beyond its immediate business environment to
address larger societal issues. This concern springs from the belief that a
true corporate vision must embrace the wider community rather than just
shareholders, customers and suppliers.
At the same time, there is nothing
idealistic about LG's CSR vision, nor is it in conflict with hard-headed
business sense. It is purely an understanding on LG's part that the time,
resources and in-house professional expertise invested in social development
projects pay rich dividends to the company and the communities in which it operates.
Therefore at LG the message is clear: creating profits can and should go
hand-in-hand with generating goodwill.
A slew of numerous initiatives have
been undertaken by LG ever since its inception in
LG India has worked jointly with
Prayas, a Delhi-based NGO by undertaking campaigns / activities for the welfare
and upliftment Of underprivileged street and slum children and providing them
services in the field of education, health care, shelter, vocational training
and other rehabilitation programmes.
The company also tied up with
HELPAGE India ,the country's largest voluntary organisation working for the
cause and care of disadvantaged older people.
LGEIL also takes care of 24
villages around Greater Noida out of which six have been adopted formally. The
company has on its pay roll three doctors who visit these villages daily and
offer Free Medical Care, which comprises of free check ups and a free
distribution of medicines.
LG's commitment to contribute substantially
to the community led to the formation of the 'Tinkha,' a community development
club consisting of 10 people. It recently organized Blood Donation Camp where
172 employees donated blood in one day.
LGEIL is
also generating self-employment opportunities for the people in the form of
tailoring, knitting etc. with the help of an NGO named, Jan Shikshan Sansthan.
LG is also imparting repairing training for the youth on refrigeration and CTV.
In the field of Animal Husbandry, a
veterinary doctor from World Buffalo Trust visits a village everyday and
provides medicines for the domestic animals. Recently, a vaccine drive was also
initiated to immunize all the animals in the 24 villages around Greater Noida.
The drive will continue for the next 6 months.
Apart from the planned activities,
LG has always donated generously to sudden natural calamities like the recent
Tsunami disaster and the Mumbai floods.
Product
Categories
Flat
Panel Displays
CTV
GSM
Air
Conditioners
Refrigerators
Washing
Machines
Microwave
Ovens
NoteBooks
Audios
Vacuum
Cleaners
LG Plasma Display
Panels
LG Electronics has achieved new dimensions of technological
excellence among the Plasma Display
Panel manufacturers. The PDP is available in sizes of 40, 42,
50, 60 and 71 inch internationally.
LG has world’s slimmest panel at 78 mm to the world’s biggest panel at 71”. The
company is the only brand in
LG Televisions
Slimagic
In the Indian household scenario where
space is a major constraint, LG has come up with an innovative solution by way of
World’s slimmest Flat CRT TV, Slimagic. In
The technology used for Slimagic is highly
advanced with a new picture tube which makes the TV super slim and occupies 30%
less space. The unique features of the Slimagic TV is that it a sleek TV, which
occupies less space without compromising on picture quality and looks
attractive with double tone colors. Slimagic is available in 21” and 29”
The LG X-WAVE TV
X Wave is
LG Mobile Phones
LG Electronics has launched the its
latest Hi-end Camera Phone P7200, S5200, S5000 and M 6100 GSM
Handset recently.
About LG P-7200
The P-7200 GSM is a high end phone with Unlimited Video
Recording which is trendy, light and easy to carry. It has a 2 mega pixel
camera with Video download and playback support, integrated USB Memory of 64 MB
which makes it a Plug & Play device & a external memory card slot which
can be upgraded till 1GB, MP3 Player with never before DJ repeat effect,
Bluetooth, E-mail, 1000 nos. Phonebook Memory etc. the handset is loaded with
accessories like Data Cable, 64 MB micro SD Card & a Stereophonic Headset
Kit.
About LG S-5200
The S-5200 GSM has up to 2 hours of Video Recording and is
MP3 enabled with DJ repeat effect, MP3 Ring tones, Stereo Surround Sound,
Bluetooth, 1.3 mega pixel camera, 4x digital zoom, Video download &
playback facility, 64 MB USB Disk which makes it a Plug & Play device &
USB Charging. The handset has MMS, JAVA, GPRS, 262K Color Display, 1000 phone
book memory, Tri-Band and comes with accessories like Data Cable & a
Stereophonic Headset Kit.
About LG S-5000
The LG S-5000 the trendy looking phone with Granite Finish
and is one of the lightest handsets available in the market in
About LG M-6100
The M-6100’s is sure to gather attention with it’s its slim
style and sleek design. Weighing in at just 88 gm, this mini wonder is equipped
with a host of features. It is the first GSM handset in
Armed with a 1.3 mega pixel digital camera with video
recording enables one to capture precious moments perfectly with crystal clear
details. Its built-in flash allows one to take more vivid images regardless of
time and place.
Another advantage with this LG Mobile is that it comes with
Plug and Play feature. Just connect it the PC and you can copy and paste any
Video, MP3, Photos or Data ‘to’ and ‘from’ the PC without any driver support.
Last but not the least this beauty comes with and internal memory of 128 MB,
USB disk, 1000 X 5 phone book memory, built in modem & MP3 Player.
It is loaded with Polyphonic and MP3 Ring tones & also
has MP3 shortcut Key, DJ Repeat Effect, Graphic Equalizer and Real MP3 chip for
real Sound Effects.
LG
Marvel in Design & Technology, the
Whisen range is ideally suited to match the urbane interiors. This range has
been armed with intelligent features like energy efficient compressors which
enables minimum power consumption and higher cooling efficiency. It comes
equipped with features like Fuzzy Logic, Tele-Control, Nano Plasma-Pure filter,
3-D Cooling in addition to the ultra-slim Golden Section design to match these
unique features. The Whisen range is available in prices ranges between Rs.
23,490 – 66,000/-
The Whisen range encapsulates the following range of smart air
conditioners:
Art Cool & Art Cool Mirror Split ACs -
Promising to change the face of air-conditioning in India, LG’s has developed
and launched the spectacular range of Art Cool ACs, the perfect fusion of
State-of-the-art technology & design. The highlight of the Artcool range
apart from the technology excellence itself, is it’s ability to transform
itself from a normal AC to a stunning designer’s delight, with the ability to
match not only the buyer needs, but the various moods as well. The range is
customized to the extent that it can be designed to match the distinct décor of
the buyer’s home, varying from room to room.
The Whisen range also includes the
SmartSense Twin Power Cooling System AC and the revolutionary 3-Way window Air
Conditioner. The SmartSense ACs are equipped with twin compressors, that
co-work intelligently to reach the set temperature, once the temperature is
attained, only one compressor works while the other rests & saves power.
The 3-Way Surround Cool Conditioner comes in 1 Ton/1.5 Ton AC with 3-D airflow
technology made possible because of a unique blower that gives the additional
advantage of cooling from 3 sides. This enables uniform cooling throughout the
room, reducing compressor running time and resulting in energy conservation.
LG Intello air conditioners encompasses an
impressive portfolio of ACs such as Wide Cool, 4D Intake, Surround Cool, Energy
Guard and EZclean grill AC.
LG Intello Air ACs are equipped with
Plasma Pure Filter which kills bacteria, and makes the surroundings free from
micro-organisms providing healthy living standards. Some of the other
outstanding features of the Intello air range include Deo-Air Filter, which
absorbs unpleasant odors and keep the air fresh, Jet Cool & X Power Fans -
for faster & uniform cooling, Energy Saver Modes for economical operations.
The AC’s have built-in anti-corrosive Gold Fins and Blue Fins, these are
hydrophilic coated fins, that apart from preventing corrosion also reduces
noise levels, saves power and improves efficiency.
LG Commercial Air Conditioners
The MPS CAC is the first of its kind in
this segment worldwide and is especially designed for the consumer with
integrated cooling solution requirements. This product is specifically targeted
towards the premium residential and mid sized commercial establishments.
The MPS technology works on the concept of
Multiple compressor incorporated in single condensing unit with multiple indoor
units, and the various indoor units will operate through electronic Controls,
so that it will run as per the heat load requirements. . The unique features of
the new LG MPS CAC include energy saving capacity up to 46% and high
reliability cycle. It enables easy installation with the help of hassle free
pipe work which extends up to 120 meters for multiple connectivity. The MPS
range is introduced in five models ranging from 35 to 100k cooling capacity.
The LG MPS CAC strengthens LG’s portfolio of
air conditioners and after maintaining the numero uno position in the room air
conditioning segment, LG Electronics is geared up to reiterate the success in
the commercial air conditioning segment also. The LG’s Commercial Air
Conditioning (CAC) product range includes ceiling concealed air conditioners
suitable for (large conference, marriage halls, showrooms), floor mounted
package (malls, multiplexes, hotels, offices) cassette AC type (restaurants,
malls, offices) Roof top single packaged (auditoriums, industries, multiplexes,
Banquets) and Multi V (Variable refrigerant flow) air conditioners. The MPS CAC
is the main attraction in the commercial air conditioning range due to it’s
unique features and technological marvel
LG Refrigerators
DIOS
LG
FROST FREE
LG has launched an exhaustive range of feature rich diamond
cut frost-free refrigerators ranging from a capacity of 230L to 751L. The
company currently has six variants in 230 liters capacity, four variants in 250
liters and five variants each in 280 liters and 310 liters capacity
respectively. The company also launched two variants each in 350 litres &
390 litres capacity and 6 variants in 400+ range.
LG’s Diamond cut refrigerators, with new features, are a
whole lot easier to use. Responding to extensive consumer feedback, LG offers
the convenience of more storage space in the door. LG has introduced features
which are more customer friendly and will pave a path to more convenient usage
of the Refrigerator. The Ice Beam Door Cooling technology in the frost-free
refrigerators enables uniform cooling in the refrigerator thus keeping the food
fresh for long retaining its nutritive contents. Beside the patented Ice Beam
Door Cooling LG has also introduced “Green Iron Door Cooling” a revolutionary
new technology that uses non-toxic substance called Catechin, extracted from
green tea leaf to prevent bacteria, mold and unpleasant bad odor from entering
the refrigerator
The new range of refrigerators will now be available with
more value added features such as a MICOM panel, Kangaroo Tray, Anti-bacteria
gasket, sliding door bin in addition to the already existing features like FIR
Lamp, Cell Fresh Crisper, Door Cooling, humidity controller which helps in
keeping the food fresh, healthy and crispy for long. Anti-Bacteria gasket
provides bacteria free zone, which delays the formation of molds, hence keeping
food fresh and healthy. Sliding door bin has further addressed the problem
faced by users in storing 2-liter bottles in their refrigerators. This
multi-utility shelf provides convenience in storing bigger bottles and can be
detached to keep more bottles.
The Kangaroo tray glides open smoothly and has a pullout;
full-width front section that provides two tiers of storage, making Vegetable
compartment access easier than ever and with the drawer's unique design, there
is plenty of storage room for all shapes and sizes of fruits and vegetables.
LG Washing Machines
TROMM
LG Electronics, has unveiled the latest front loading TROMM
series, drum washing machines. Its futuristic wash features such as Fuzzy Logic
technology ensures that once you press the start button, smart sensors
automatically detect the laundry load and water level. Adjustments are then
made in the water levels and cycle time based on the laundry load to give you
that perfect wash. Fuzzy Logic also detects machine imbalance and excessive
foam formation and adjusts the same for the best washing performance. At the
touch of a button LG TROMM saves water and energy giving you a clean and
convenient wash.
TROMM has the largest capacity 7 kg drum load capacity,
Single dog Dial feature, Delay Timer, Digital Display. It has
Top loading fully automatic washing
machines
LG’s Top loading range of fully automatic washing machines
comes equipped with the revolutionary
i Sensor technology. The i-Sensor technology is a
combination of 7 sensors against the normal 4 present in other machines, which
delivers a supreme wash. The hardness, detergent and temperature sensors are
the additional sensors. 7-water level sensors help in power saving of upto 15%
more than regular washing machines. LG also displayed its Turbodrum and 3 step
wash range of machines which delivers best towards washing and rinsing
performance. The washing machines also come with safety features such as
imbalance and door lock sensor with child-lock feature. The machines are
equipped with self tub clean system for better hygiene . All these superb
features enable washing that offers tangle free clothes, less wear and tear and
complete yet gentle cleaning .
Aesthetically very appealing, LG Washing Machine has
stylish European looks which is a unique blend of eye-catching design,
user-friendly controls and digital as well as window display. The FRONT LOADING
Washing Machine range comes in four colors, making LG the only company in
Semi Automatic Washing Machines
LGEIL has a total line up of 11 models in SAWM offering
capacity of 6.2, 6.5, 7.0 & 7.2 Kgs. The highlight of the
LG WASHER & DRYERS
The LG Dishwasher is a technological miracle with high
performance levels, dependability, energy efficiency and convenience. The
uniqueness of the LG dishwasher is that it enables 50% fold down times to
enable washing of large vessels, various washing systems and an aqua stop which
will detect water leaks. It also has a triple filter which increases the
efficiency of use of water and energy . The dishwasher can be hailed as the
gadget of the millennium since it requires least water consumption has more
programs & comes in sleek design.
LG’s Washer Dryer, unique in its offerings marks entry of
this segment in Indian market. Consumers would be offered complete Wash &
Dry solution with this compact machine which has a large capacity of 8 kg
washing and 4 kg drying capacity. Its features of auto dry and max spin speed
of 1400 RPM making LG washer dryer a value for money Proposition.
The Dryer comes loaded with latest condensing technology
for drying clothes thus eliminating the need for air vent and duct which is
commonly observed in current Indian offerings . It has dual lint filter and can
handle bulk load upto 7 Kg .
Each LG solution comes out with the 2-year warranty and
assured service support. Aesthetically very appealing every LG product has a
unique blend of eye-catching design, simple controls and superb washing and
drying solutions.
LG’s milestones in the Washing Machine
category:
1997: LG launched its top loading washing machine from
1998: Washing machine factory setup and start semi
automatic washing machine
1999: Washing machine export started and launched front
loading
2000: Launched MICOM controlled Semi automatic WM
2001: Launched 10 Kg. Digital Display top loading and new
range of front loading
2002: Home production of top loading WM
2003: Became No.1 brand in WM category
2004: Launched TROMM
LG Microwave Ovens
LG has launched their high end
microwave ovens SolarDOM and WaveDOM. The LG SolarDOM is currently the world’s
best microwave oven with its unique Light wave Technology which enables three
times faster cooking, high nutrient retention, better energy efficiency (50%
saving) and high convenience levels. The Round Cavity design makes it easy to
clean and at the same time saves space. It has a Indian Auto Menu option, Multi
Rotisserie grill and Smart Guide Display. Consumers also have an option of
getting an installation kit if they have built-in type of kitchens.
The WaveDOM has unique Round Cavity feature which enables 3
times faster cooking, 12% bigger turntable size, 60% more usable volume than a
normal square cavity and easy to clean features. Each LG model comes with the
1-year warranty and assured service support. SolarDOM outsmarts conventional
cooking appliances in terms of design as well; an acknowledgement confirmed by
the iF Design Award, one of the world’s most pre-eminent design achievements
LG Notebooks
LG has launched two Premium
state-of-the-art notebooks based on the latest Intel’s
These Notebooks from LG are a unique combination of design,
performance, entertainment and security. These LG Express Dual-core processor
based Notebooks are exquisitely designed to give the users the experience of
handling a sleek, gorgeous and technologically rich notebooks.
Entertainment has also been given impetus and these LG
Notebooks are bundled with 5.1-channel Dolby Digital, SRS, 24-bit HD Audio,
3-Port Analog Output, S-Video and many such amazing features on select models.
The newly launched notebooks are equipped with enhanced
security features such as TPM (Trusted Platform Module), Finger Print Reader
and HDD security, and are Bluetooth enabled.
LG Audio
LG now has a comprehensive lineup of
17 products to offer to its consumers in the Audio segment, making it one of
the largest line-ups in the audio market.
LG’s Audio range comprises of the most progressive range of
wireless MP4 Home Theatres, MP3 Home Cinema Systems and Room Theatre Systems.
LGEIL has one of the widest product portfolios in Audio category at the moment
and further plans to enhance the portfolio with a slew of futuristic launches.
LG Audio systems come equipped with wireless speaker systems, which works on
2.44 GHz frequency, which is far superior technology than offered by any other
company in
Next Gen Karaoke Systems (NKS)
LG has launched NKS will be launched in four variants to
suit the needs of a wide base of customers. Two NKS variants are available in
Home Theatres –one with 500 w rms, tall boy sleek design & the other With
220 w rms bookshelf / Wall mountable speaker design. The Third variant has been
launched in DVD Audio System category with 2200w PMPO and 3 DVD changer /
super-impose function. LG will also introduce a variant in MP4 DVD Player
equipped with Optical audio output and Multi format playback facility.
NKS is replete with a host of features, with each one
further adding to the user’s enjoyment. The system comes with free software
contained in two DVDs with 1800 songs from various genres, both in Hindi and
English. The system provides on Screen scrolling lyrics with guiding
highlighter to enable the singer to sing along even if they don’t know the
lyrics. A free microphone is provided with all NKS systems alongwith 1800 coded
songs book for easy song search & selection.
LG Vacuum Cleaner
LG presents its unique range of
“Healthguard” Vacuum Cleaners packed with advanced features which make them the
most powerful vacuum cleaners. The advanced technology in them can draw out
dirt and germs from the difficult places. It not only rids the surfaces of dust
particles as small as 0.3 microns but cleanses the air of germs, mites and
other harmful microbes.
It’s unique HEPA Filter is a multi layer filtration system
which removes particles 300 times smaller than human hair. The Sani Punch
nozzle, specially designed for cleaning beds and blankets uses air pressure to
dislodge the toughest of dust mites and bacteria. is the 1300W-1400W power
behind the machines. It also has a convenient auto-retractable cord and a
washable dust collection jar. LG Healthguard Vacuum Cleaners comes in range of
4 models – Roboking,
Cyking, Extron punch, Spark and Sweeper
News Room >> LGEIL
Release Details
LGEIL signs on Abhishek
Bachchan to endorse its ‘Intello’
15-JUN-06
LG Electronics India Private Limited (LGEIL),
With the new trailblazing advertising campaign, LGEIL has moved out of the
association of the brand with the family and health platform, giving itself a
fresh and young appeal. This is the first time that LGEIL has signed on a movie
star as a brand ambassador to launch its new positioning for its household
appliances, lending a differential appeal to the whole category. LGEIL’s
buoyant growth and leadership in the consumer durable market is reflected in
its youthful positioning of the brand. The stature of LG and that of the
charismatic Bachchan junior find a complimentary association with each other,
making Abhishek Bachchan the new face of the No 1 consumer durable brand of the
country.
Commenting on the new brand positioning and the subsequent new ad campaign, Mr
Sandeep Tiwari, Head – Marketing, LG Electronics said, “Historically, consumer
durable brands have portrayed women as the perfect wife, homemaker or a mother.
Through this fresh new communication campaign, they would like to break through
the regular mindset and move up one level by thanking her for what she is. A
woman feels most delighted when the man in her life acknowledges her efforts
and compliments her. LG brings in its ‘Intello’ home appliances to aid her
beloved in making her feel special. Abhishek Bachchan, the most eligible
bachelor in the country fit their brief well. Along with charismatic appeal
that transcends across all sections and demographics of the society, a vital
element for LG Electronics as a consumer durable company, Abhishek also exudes
an aura of aristocracy, an aspirational quality that he confers to this
association with LG’s Intello Products”
The brand new advertising campaign reflects the evolution in the communication
approach of LG’s home appliances giving it a brand new identity, youthful image
and customer connect. LGEIL, through its new brand communiqué, breaks away from
its health platform, conceptualised by the company way back in 1997.
“The health platform is now being adopted by a number of ‘me too’ brands. Also
the need of the hour was to graduate to a ‘Health Plus’ objective for their
campaign. Thus came the idea of ‘Intello’, signifying the intelligent and
futuristic technology that the brand offers. With the new positioning, LG
Refrigerators will now be called ‘Intellocool Refrigerators’, Airconditioners
as ‘Intelloair Airconditioners’, Washing machines as ‘Intellowash Washing
Machines’, Microwave Ovens as ‘Intellocook Microwave ovens’ and Vacuum Cleaners
as ‘Intelloclean Vacuum Cleaners’ added Mr Tiwari.
The hugely popular advertising campaign featuring Abhishek, conceptualised by
LGEIL is directed and executed by Pradeep Sarkar.
LG has signed a contract with Abhishek for a period of two years, during which
the star will endorse the entire range of home appliances of the company. LG
plans to utilize this association for various communication channels such as
print and television ads, outdoor publicity, road shows and strategic events
amongst others. Interestingly, LG has taken on non-celebrity faces posing as
Abhishek’s wife, in an attempt to relate the script to every female viewer.
Every woman will be able to imagine herself being wooed by the star in the
situations depicted in the TVC - all very special and treasured moments.
LG Electronics strengthens
their customer service training initiatives
12-JUN-06
The highlight of LG’s training module is its focus on the technical and
behavioral aspects, over and above the field training itself. LG has set up 4
training centers across
Speaking on the importance of customer service training, Mr. Sanjay Arora, VP
Manufacturing & Customer Service, LGEIL commented, “They at LG recognize
that customer delight and satisfaction are crucial factors determining the
growth trajectory of a company and give it a competitive edge. This knowledge
has prompted us to streamline their customer service efforts and adopt various
training modules.”
In keeping with this vision, LG has started the concept of doorstep training
program, wherein the chief trainer from LG goes out in the field to train
service engineers on different levels. The company has added another first to
it’s credit by providing highly customized training to service engineers,
depending on whether they are hired to service high end products or mass
products. Recognizing the difference in expectations of customer who own premium
LG products, the company has introduced the facility of Standby Sets, wherein a
replacement of the product being taken for servicing is provided to the
consumer to minimize inconvenience. LG currently has a total of 13 trainers
providing training for varying durations, depending on the profile and level of
the service executive, the product category for which the training is being
imparted and past experience of the engineer. The engineers are evaluated
periodically by the training academy at LG.. Till April 2006 LG had been
providing 2 “mandays” of training to each engineer. By end of the year 2006,
the aim is to achieve 6 “mandays” of training to each engineer in case of
Customer Service.
LG also inaugurated two very unique LG Service Malls recently in
Press clipping
LG Electronics
Wednesday,
September 24, 2003 :
L G Electronics India Private Limited (LGEI) will not be
going in for an initial public offer (IPO) for the next 2-3 years.
“Due to strong internal cash generations in their Indian
operations the Company plan to invest $ 50 million per annum through this
route,” said K R Kim, managing director of LGE.
“Sometime back, the company was considering an IPO, but postponed it due to bad market
conditions. Today stock markets are up, but they do not need money now,” he
added.
LGEI’s plan to set up an assembly unit at Bhuj in
“Due to the various tax exemptions provided at Bhuj they are
interested in having a plat there. But, the unit will be owned and set up by a
private player, whild LGEI will be its exclusive buyer. The Company is not
going to invest money in setting up this plant,”. Clarified Kim.
He said that $ 30 million was being invested at the new
plant coming up at Pune and which would to be commissioned in October 2004.
This facility will manufacture colour televisions,
airconditioners, refrigerators, washing machines, microwave ovens and colour
monitors. Next month it will launch GSM mobile phones and by end of the year a
note-book PC.
LGEI is targeting sales of Rs. 4,5000 millions in 2003 as
against Rs. 33,000 millions achieved in 2002. Exports will be raised to $ 30
million in 2003 from $ 20 million in 2002. It is planning to add 500 more
dealers to its existing 2000, with a special focus on rural markets.
After achieving a turnover of Rs. 1700 millions in
LG BAGS THE COVETED NASSCOM “
· LG rated the best IT User in the ‘Consumer Good’ category
Award based on meticulous Nasscom-IMRB survey
LG
Electronics
The India IT User Awards are assessed on a model developed by eTechnology
Group@IMRB to assess the e-readiness or preparedness of companies to adopt ICT
infrastructure to boost their business excellence.
Speaking on the
occasion Mr. Arindam Bose, DGM, IT, LGEIL, said, “ It is a real
moment of pride and honor for all of them at LGEIL, and he express his
heartfelt gratitude to Nasscom and all other organizers of the event. At LG
they have always seen IT as an enabler of processes than a mean to itself. IT
has truly enabled LG in streamlining of its business processes leading to
better business and ultimately adding to bottomline.”
The awards were given on the basis of a survey conducted by Nasscom in
association with IMRB. In addition to the survey, a special team at IMRB and
Nasscom conducted physical audits for top three companies in each category.
More than 200 companies participated in the Awards evaluation on invitation
basis.
NASSCOM is
Times Network dt. 14/02/2005
With market shares ranging between 25-40% across major product categories even
with the re-entry of Chinese players, the question being raised is what next.
While critics argue that financial troubles in BPL in the CTV segment and at
Whirlpool and Electrolux in appliances gave it a leg room to expand in the
past, the company believes the next phase of growth will come from expanding
the market rather than brand war for market share.
Sample some statistics. LG ended 2004 with market share of 24%(Jan-Dec 2004)
for CTVs, 33% for washing machines, 41% for microwave ovens, 26% for
refrigerators and 35% for airconditioners.
More than anything, the company has actually been driving the market growth.
According to ORG GFK data, for product categories like washing machines and
refrigerators, the total additional value created in the industry during 2004
was less than the additional business generated by LG as a company alone. This
implicitly means that if they take out LG, the market has degrown.
In the meantime, it has left its Korean counterpart Samsung far behind in all
consumer durable products. So, what used to be identified as a Korean chariot
is now being driven by a single horse.
Says Salil Kapoor, head of marketing at LG Electronics, “They are driven by
their sales targets which is the primary objective, rather than market shares.
Slow market growth is not an argument for sitting back.”
Competitors raise a question mark on the high levels of market shares that LG
has garnered till date. Says Ravinder Zutshi, director sales at Samsung
With BPL in the final leg of the legal battle with its lenders, Sony coming out
of its shell, Electrolux and Whirlpool tying up the loose ends to get out of
the financial mess in appliances, the going will be tougher in the future.
Specially in home appliances where the company is targeting 30% value growth in
2005.
T K Banerjee, president and CEO of Haier in India, terms the measures
undertaken by They stern appliance brands to bounce back as ‘tit bits’, “LG has
achieved a meatball momentum and the competition right now is not geared up to
challenge it.
It would require a very focused strategy to stop the company as things stand in
the Indian market.” However, LG is not the king of all product segments. In
audio products, where it has been trying to break into the stronghold of
Philips and Sony, it is lagging far behind and is also following Samsung.
It is also behind Samsung in GSM handsets business, where it sees the next wave
of growth in
The next target is to emerge big in GSM handsets by 2006, starting with
five-fold jump in volume sales in GSM handsets in 2005 when it hopes to achieve
market leadership in non metros.
Next year, it would be taking the established players in the GSM segment
head-on in the metros. It is creating the conditions with marketing and ad
strategy starting this year itself.
The other category where the company is slowly creeping up is the IT business
including the PC side of the market, where it is hoping to drive the abysmal
penetration levels in the country. LG is targeting to grow by 74% to touch
revenues of Rs 12450.000 Millions in 2005 from its IT business.
Times News Network dated 10/01/2005
LG’s Pune unit to be electronics export hub
AHMEDABAD: LG Electronics
India Pvt Ltd (LGEIL), a wholly owned subsidiary of LG Electronics,
“Their exports turnover from the
“Their Pune unit is now fully focused on the export market and for the domestic
market, they will be sourcing products from their other manufacturing plants”,
he said.
At present, the has only two self-owned manufacturing facilities, one each at
Noida and Pune, while 19 other units operate on a partnership agreement.
“They are looking at proposals to set up manufacturing units in Kerala and
Tamil Nadu as well,” said Mr Kim.
In order to cater to the domestic needs of home appliances,
the company has set up a manufacturing unit at Bhuj in partnership with Genus
Electrotec Ltd.
The unit is set to commence production by January end. The total investment for
the Bhuj manufacturing unit is around Rs 600.000 Millions .
Initially, the unit will manufacture colour television with in-house assembly
of PCB board, auto insertion and moulding facility. The present capacity of
manufacturing colour television is 0.300 Millions units per annum with a scope
of increasing it to 0.500 Millions units.
The company will also set up a production facility for assembly of washing
machines with a capacity to produce 0.250 Millions units per annum. LG’s Pune
unit to be electronics’ export hub.
PTI 05/01/2005
LG
TARGETS Rs. 90000.000 Millions revenue in ‘05
To achieve the target, LG Electronics India Ltd (LGEIL), the Indian subsidiary
of Korean electronics major, is banking on the big potential of IT and telecom
markets, especially in the handset segment.
Speaking about LG's business plans for the current year, K R Kim, managing
director LGEIL and LG's president South West Asia said, "From January 15
they will start rolling out the economy models of their GSM mobile handsets.
They expect the category to grow at 10 per cent in 2005."
LGEIL is also looking at exporting the lower end GSM handsets to the iddle-East
and
Kim was speaking at the launch of Digi Direct TV - LG's DTH ready flat TV. The
company plans to target units of Digi Direct TV by the end of 2005.
"They have introduced Digi Direct TV in two models - 21 and 29 inches.
They haven't firmed up the prices of these as yet but it should not be more
than Rs 2,500 from the existing colour TVs in the same category," said C M
Singh, Product Group Head of Consumer Electronics for LGEIL.
LG Digi Direct TV is
The company is targeting 40 million non-cable and satellite households in
semi-urban areas where the cable and satellite TV penetration is still at a
nascent stage.
Economic Times 07/12/2004
LG ups
Banking on
"They expect to increase their revenues from
The company's present revenue from
LG would sell high-end refrigerators, washing machines, microwave ovens and
air-conditioners in the country, while it would also try to capture a high
market share in the vacuum cleaner segment, he said.
Presently, the Korean consumer electronics major has a 25 per cent market share
in appliances, 28 per cent in refrigerators, 42 per cent in microwave ovens and
40-48 per cent in air-conditioners, Shin said.
Even though the focus would be to market its premium products in
"
The company's total exports from
LG Electronics would also increase its thrust on the emerging markets,
including
The company is also planning to increase its sales revenue from US to around
$50 billion by 2007 from the present meagre revenues of $8.7 billion, he said.
"Their presence in the
Earlier, LG Electronics India (LGEIL), a wholly-owned subsidiary of the
company, had announced investing $150 million for setting up manufacturing
facilities in
PTI Dated November 25, 2004
LG
forays into server segment
"They plan to corner over 10 per cent of the Indian market this year
itself and their entry level servers will fuel their pace," deputy general
manager (product group head, IT products) R Maniknandan said unveiling servers
for small and medium businesses (SMBs).
LG will eventually introduce the high-end servers.
The company has initially targetted the SMB segment since this area has still
not inherited IT in its offices and is a prime segment to do business with.
On why these product offerings are for
The two servers, available in Windows and Linux Operating systems, are priced
between Rs 54,000 millions and Rs 0.140 Millions .
On the company's marketing strategy, he said LG would air joint promos for
Intel AMD and Microsoft Linux and has a call centre in place to address the
queries from across the country.
Times News Network dt. 07/10/2004
LG
Projects $10-b sales by 2010, to invest Rs. 250.000 Millions
MUMBAI: LG India has been identified as a top-priority market
for investments and the second-biggest export hub after
The visit of the chairman & CEO Bon Moo Koo and LGE vice chairman & CEO
S S Kim signifies the effect of the Indian outfit’s phenomenal success in the
consumer durables market, company officials said.
The brass of LG today inaugurated the South Korean major’s second consumer
electronics and home appliances manufacturing facility at an investment of Rs
1500.000 Millions at Ranjangaon, Pune.
The plant will largely cater to the export requirement of the company. The
company also announced plans to set up a mobile phone production facility in
the country with an investment of Rs 60.000 Millions , which is expected
commence production by 2005.
The mobile phone plant will produce 20 million units of which 50% will cater to
the export market. LG chairman Bon Moo Koo said there will be fresh infusion of
funds into LG India over the next six years (2005-10), of around Rs 250.000
Millions .
“Having attained leadership in
LG said in a Press release that the Indian operations were targeting revenues
of $10 billion (Rs 460000.000 Millions ) by 2010, roughly nine times the
company’s current revenues
Business Line : The Hindu Daily December 19, 2004
After
having spent seven successful years as Managing Director of LG Electronics
India, Mr. K. R. Kim has been elevated to the position of President, South West
Asia, LG Electronics.
In
this capacity, Mr. Kim will be responsible for overall functioning of all LG
subsidiaries in South West Asia namely
LG
Electronics India is a Rs. 65000.000 Millions company.
LGEIL to make laptops at Ranjangaon plant
[ THURSDAY, SEPTEMBER 08, 2005
04:55:53 PM
MUMBAI: LG Electronics
India Ltd (LGEIL) said it was planning to manufacture laptops at its proposed
"They will look at manufacturing laptops at their upcoming facility at
Ranjangaon after the anomalies on taxation on computer peripherals are
solved," a senior LG official said here.
The manufacturing of laptops is also subject to the condition that the company
first attains a sustainable market share in the local market, he said.
The excise duty on computer peripherals is about 16 per cent and reduction in
it would bring down the manufacturing costs by 5-10 per cent, he said adding,
LG would be the first company to manufacture laptops in the country.
"They hope that tax anomalies would be sorted out in the coming budget and
once that is done they will look at laptop manufacturing at Ranjangaon",
he said.
The company is also looking at newer markets for exports besides manufacturing
its hi-definition television in
"They are looking at the African markets including countries like
The company has the technology to manufacture hi-definition televisions and
would also look at in the future, he added.
LGEIL is setting up a Rs 9000.000 Millions Ranjangaon plant to manufacture its
products including DVD writers and has entered in a MoU with the
Pune
, March 22
THE country's first GSM plant for making mobile
handsets from the house of LG Electronics started operations in Ranjangaon near
Pune on Tuesday.
LG Electronics India Ltd (LGEIL), the Indian
subsidiary, is set to hit the domestic market with 1.2 million mobile handsets,
Mr K.R. Kim, President, South West Asia LG Electronics and Managing Director of
LGEIL, said here.
LG Electronics has a target turnover of Rs 9,0000.000
Millions for the current calendar year and is estimating at least 10 per cent
(Rs 9000.000 Millions ) to come from the Indian operations.
Talking to presspersons, Mr Kim said the company is
in the process of setting up another new facility, exclusive for producing GSM
handsets and would be ready by August. He said it would hit the domestic market
with CDMA mobile handsets by next year.
Mr Kim said LG Electronics was looking at production
of two million CDMA handsets for the year 2006 and three million units by 2007.
He said it was looking at SAARC,
The company services
Mr Kim said the target was to export close to 0.500
Millions units for the current year and double it on a year-on-year basis. He
said it would introduce all new technology in a phased manner.
Asked why the company was setting up a new facility
for GSM handsets, Mr Kim said once the production line is ready, it is no
longer necessary to go back to the Korean parent for any modification or requirement.
He said it would be easier to produce handsets according to customer tastes and
that the new facility would house 200 research personnel.
Currently, there are about 45 research personnel.
Mr Kim said the
LGEIL has invested Rs 1500.000 Millions for the
Ranjangaon facility, said Mr Kim. He said the company would begin commercial
production of microwave here in a couple of days. Till now, the facility in
The
Mr Kim said LGEIL plans to bring in some of its
production to the Ranjangaon facility from its Nodia plant. This facility will
concentrate on export of IT products from the Ranjangaon facility. This will
begin by the end of the current calendar year. He said exports are easier to
handle from the Ranjangaon facility than from Noida.
He said the company expects a 15-per cent turnover
for year 2005 from IT. This is expected to rise to 65 per cent by 2010.
New Delhi, 11 January, 2006: LG
Electronics India Pvt. Limited (LGEIL), a Leading Consumer Electronic, Home
Appliance, Mobile Handset and IT Company in India, has today unveiled two
Premium state-of-the-art notebooks based on the latest Intel's Napa platform,
developed in INDIA by Intel. These two LG Notebook models are LG P1 Express
Dual and LG M1 Express Dual with 15.4 inch wide-screen and 15 inch TFT
respectively.
LG has always been an innovator in providing technologically rich products to
the market, be it LCD Monitors, Plasma Panels, Personal Computers, DVD Writers
etc. This latest series from LG is also such a unique offering where the
customers will get to experience the latest of the global trends in
entertainment and performance.
These Notebooks from LG are a unique combination of design, performance,
entertainment and security. These LG Express Dual-core processor based Notebooks
are exquisitely designed to give the users the experience of handling a sleek,
gorgeous and technologically rich notebooks.
In terms of performance, the new LG series of notebooks support DDR2 667MHz
dual channel memory, comes with Dual-layer DVD Super Multi Drive and Combo
drive as options, ensures faster connectivity with Dual Wireless Antenna 3945
(802.11b/g) and also has Faster Serial ATA HDD. These Notebooks weighing 2.6 to
2.8 kg, have Gigabit Ethernet, 5-in-1 Memory Card Reader.
Entertainment has also been given impetus and these LG Notebooks are bundled
with 5.1 channel Dolby Digital, SRS , 24-bit HD Audio, 3-Port Analog Output,
S-Video and many such amazing features on select models.
Taking into consideration the growing necessity of security, LG has ensured
that the newly launched notebooks are equipped with enhanced security features
such as TPM (Trusted Platform Module), Finger Print Reader and HDD security,
also both these models are Bluetooth enabled.
The LG Express Dual Notebooks start at Rs. 89,990 onwards and are meant for the
latest technology conscious customers.
According to Mr. R. Manikandan, General
Manager, LG Electronics, Reinforcing their Technology
Leadership, the launch of these new
About LG Electronics India Ltd.
LG Electronics India Pvt. Ltd., a wholly owned subsidiary of LG
LGEIL has achieved a turnover of Rs 75000.000 Millions in 2005 and aims to be a
USD 10 Billion company by 2010, with an investment of USD 250 million allocated
over the next five years to the Indian market. LGEIL's first manufacturing unit
at Greater Noida is one of the most eco-friendly units among all LG manufacturing
plants in the world. The new and second
|
Press
Heading |
: |
LG inagurates
exclusive IT and GSM Shoppe, Fone & Fun at |
|
Date of
publish |
: |
22-MAR-2006 |
|
Press
Description |
: |
Mr.SS
Kim, Vice Chairman and CEO, LGE was here in |
|
Press
Description |
: |
LG
Express Dual Notebooks are a true blend of design, performance, entertainment
and security |
|
|
||
|
Press
Heading |
: |
LG Electronics
Introduces the Mega Promotion Offer for the Festive Season |
|
Date of
publish |
: |
26-JAN-2005 |
|
Press
Description |
: |
LG
Electronics Introduces the Mega Promotion Offer for the Festive Season |
|
|
||
|
Press
Heading |
: |
LG Achieve
Leadership in PC Monitors |
|
Date of
publish |
: |
26-OCT-2005 |
|
Press
Description |
: |
LG
Achieve Leadership in PC Monitors |
|
|
||
|
Press
Heading |
: |
LG
Launches 2 new Microwave Oven |
|
Date of
publish |
: |
08-OCT-2005 |
|
Press
Description |
: |
LG
Launches 2 new Microwave Oven |
|
|
||
|
Press
Heading |
: |
LG Aims
to sell 1 million microwaves by 2007 |
|
Date of
publish |
: |
10-OCT-2005 |
|
Press
Description |
: |
LG Aims
to sell 1 million microwaves by 2007 |
|
|
||
|
Press
Heading |
: |
LG Electronics
Launches Premium Pcs, Notbooks |
|
Date of
publish |
: |
06-NOV-2005 |
|
Press
Description |
: |
LG
Electronics Launches Premium Pcs, Notbooks |
|
|
||
|
Press
Heading |
: |
LG India
Plans Rs 900-cr investment |
|
Date of
publish |
: |
01-OCT-2005 |
|
Press
Description |
: |
LG India
Plans Rs 900-cr investment |
|
|
||
|
Press
Heading |
: |
LG
Electronics crosses $100mm in exports |
|
Date of
publish |
: |
02-OCT-2005 |
|
Press
Description |
: |
LG
Electronics crosses $100mm in exports |
|
|
||
|
Press Heading |
: |
LG
Launches Promotion plan |
|
Date of
publish |
: |
30-SEP-2005 |
|
Press
Description |
: |
LG
Launches Promotion plan |
|
|
||
|
Press
Heading |
: |
LG
Festival Offer From October 4 |
|
Date of
publish |
: |
30-SEP-2005 |
|
Press
Description |
: |
LG
Festival Offer From October 4 |
|
|
||
|
Press
Heading |
: |
LG raises
export target for 2010 to $ 1 billion |
|
Date of
publish |
: |
02-OCT-2005 |
|
Press
Description |
: |
LG raises
export target for 2010 to $ 1 billion |
LG Electronics
They
visited the new manufacturing plant set up by LG Electronics India Pvt
Ltd, the wholly owned subsidiary of South Korea-based consumer electronics and home
appliances major at Ranjangaon, near Pune. They also spoke with the top brass
at LG Electronics India, including K.R. Kim, Managing Director of LG
Electronics India and President, South West Asia, LG Electronics.
Kim,
and his team talked about the Ranjangaon plant, and its overall strategic plans
for
LG
Electronics India Pvt. Ltd., the wholly owned subsidiary of South Korea-based
consumer electronics giant, is betting big on
New Manufacturing Plant:
Encouraged
by this stupendous growth, LG Electronics India started building another
manufacturing facility at Ranjangaon, some 50 km away from Pune in
Production Capacity:
CTVs – 0.500 Millions units
per annum
ACs – 0.100 Millions units
per annum
Refrigerators – 0.500
Millions units per annum
Washing Machines – 0.200
Millions units per annum
Microwave Ovens – 0.050
Millions units per annum
Mobile phone handsets –
1.000 Millions units per annum
Monitors – 0.100
Millions units
GSM Handset Facility:
Led
by mobile phones,
However,
LG Electronics India has gone a step ahead with the assembling of GSM handsets
at the Ranjangaon facility. It is also building a dedicated facility for GSM
handsets within the same complex. That facility is likely to begin commercial
production of GSM handsets in August this year. LG will also start
manufacturing CDMA handsets a year later. In 2005, the company plans to sell
2mn mobile phones. It aims to produce 20mn mobile handsets by 2010 from this
facility. LG intends to export 50% of the production of the mobile handsets
from this facility.
The
contribution of mobile phones and IT products in LG's total revenue will touch
65% in 2010. Right now it is at 15%. The new GSM facility will help LG become
the No.1 player in the mobile handsets market in
R&D Thrust:
LG
aims to spend 2-3% of its total revenue on Research & Development (R&D)
and hopes to establish
At
the end of 2004 LG had around 70 people in R&D at Pune, including Hardware
and Software. This will be scaled up to 350 by the end of 2007, and 550 by
2010.
At
Noida, its R&D strength was 190 at the end of last year. This will be
increased to 210 by the end of 2007, and further to 300 by the end of 2010.
At
its
By
the end of 2010, LG will have 1,690 people doing R&D in Software and
another 660 in Hardware, taking its total manpower strength in R&D to
2,350.
At
the end of 2004, LG had spent US$23mn and US$20mn on its Software and Hardware
centres in the country respectively. By the end of 2007, it will increase to
US$67mn and US$43mn. By 2010, it will go up further to US$124mn and US$88mn.
Pricing Pressure:
The
rising prices of key raw materials has hit consumer durables makers like LG
really hard in the past few years. It continues to hurt the companies in this
sector. The Budget has made things even tougher for these companies. Retail
fuel prices are set to rise shortly due to the tweaked duty structure announced
in the Budget and higher international prices. Prices of Resin and Plastics
have gone up by 25%. Prices of steel, a key raw material in Refrigerators and
Washing Machines - are also likely to increase next month. The impact on this
front is likely to be 23%. The impact on Copper and Aluminium prices from the
Budget is expected to be 24%. The overall impact on raw material costs will be
anywhere between 5-20%. Prices haven't been changed since November 2004. But,
with the steep rise in input costs due to various factors, including the
Budget, LG will go in for a price hike of 5-10% across all categories from next
month.
Market Share:
CTVs
- LG has sold the highest ever number of CTVs in a month, and has set a
landmark for the industry by selling over one million CTVs in a single calendar
year. According to the recent retail audit conducted by ORG-GFK (Jan 2005), LG
has consolidated its leadership position in CTVs with a market share of 26.7%.
Washing
Machines - In the overall category, LG has emerged and established itself as
the No.1 brand with a market share of 35.2%. In the Semi Automatic segment, it
has attained a market share of 36.5% while in the Fully Automatic segment it
makes up 34.5% of the total market.
Refrigerators
- LG leads the market in refrigerators with a market share of 28.1%. Further in
Frost Free LG has emerged as the undisputed leader with a market share of
35.4%.
ACs
- The company currently enjoys a market share of 45% in the Room AC (Window and
Microwave
Ovens - LG is the leader in this category with a market share of 41.4%.
IT
Products - LG has already become No.1 in the Optical Storage Devices (OSD)
segment and is fast emerging as the market leader in the monitor segment also.
It has around 34% share in Monitors and 44% in OSD apart from 15% in Personal
Computers (PCs).
Financial Results:
|
Division |
2002 |
2003 |
2004 |
|||||
|
|
|
% contribution |
|
% contribution |
% growth |
|
% contribution |
% growth |
|
Consumer Electronics |
14950.000 |
45 |
20490.000 |
46 |
37 |
28100.000 |
43 |
37 |
|
Home Appliances |
15070.000 |
45 |
19960.000 |
44 |
32 |
27600.000 |
42 |
38 |
|
IT |
3130.000 |
10 |
4480.000 |
10 |
43 |
7150.000 |
11 |
60 |
|
GSM * |
|
|
70.000 |
|
|
2150.000 |
3 |
2971 |
|
Total |
33150.000 |
|
45000.000 |
|
36 |
65000.000 |
|
56 |
|
* LG entered the mobile phone market in October 2003 |
||||||||
Vision 2010:
LG
Electronics India aims to become US$10bn (Rs450bn) company in
CMT REPORT [Corruption, Money laundering & Terrorism]
The Public Notice information has been collected from
various sources including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED PARTY
No
records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that
subject is or was the subject of any formal or informal allegations,
prosecutions or other official proceeding for making any prohibited payments or
other improper payments to government officials for engaging in prohibited
transactions or with designated parties.
3] Asset Declaration :
No
records exist to suggest that the property or assets of the subject are derived
from criminal conduct or a prohibited transaction.
4] Record on Financial Crime :
Charges or
conviction registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been formally
charged or convicted by a competent governmental authority for any financial
crime or under any formal investigation by a competent government authority for
any violation of anti-corruption laws or international anti-money laundering
laws or standard.
8] Affiliation with Government :
No record exists to
suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report
:
No press reports / filings exists on the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments
on Corporate Governance to identify management and governance. These factors
often have been predictive and in some cases have created vulnerabilities to
credit deterioration.
Our Governance Assessment focuses principally on the
interactions between a company’s management, its Board of Directors,
Shareholders and other financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local
laws, regulations or policies that prohibit, restrict or otherwise affect the
terms and conditions that could be included in the agreement with the subject.
FOREIGN
EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.81 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.54.91 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT
POINTS |
|
|
|
--BANK
CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT
POINTS |
|
|
|
--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT
ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
56 |
This
score serves as a reference to assess SC’s credit risk and to set the amount of
credit to be extended. It is calculated from a composite of weighted scores obtained
from each of the major sections of this report. The assessed factors and their
relative weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base
are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment
of interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |