MIRA
INFORM REPORT
|
Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
LG ELECTRONICS
INDIA PRIVATE LIMITED |
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Registered Office : |
Plot No. 51,
Udyog Vihar Surajpur Kasna Road, Greater Noida, Gautam Budh Nagar – 201 306, Uttar
Pradesh |
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Country : |
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Financials (as on) : |
31.03.2006 |
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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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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 |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 29000000 |
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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 |
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Tel. No.: |
91-120-2560900 /
940 / 2560960 |
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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 |
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Tel. No.: |
91-120-2560900
/ 940 |
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Fax No.: |
91-120-2560918/2560921/2560926 |
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E-Mail : |
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Website : |
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Factory 2 : |
B-243 Ground Floor, Okhla Industrial Area, Phase-1, New Delhi-110020, |
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Tel. No.: |
91-11-26371208 |
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Factory 3 : |
Plot No. A-5,
MIDC Ranjangaon, Taluka Shirur, Pune-412220, |
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Factory 4 : |
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Branches : |
Located At : v
v
Ahmedabad
v
v
Bhubaneshwar
v
Kolkata v
v
Chennai
v
v
v
v
Bambolim,
v
Guwahati
v
v
Hubli v
v
Jaipur v
Jammu
& Kashmir. v
Sonepat v
Lukhnow v
v
Mumbai
v
Pune v
Katoratalab v
Rachi
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DIRECTORS
|
Name : |
Mr. Kwang Ro Kim |
|
Designation : |
Managing Director |
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Address : |
1.
3-2/14,
Vasant Vihar, 2.
901-305,
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Date of
Birth/Age : |
02.11. 1946 |
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Qualification
: |
Graduate |
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Date of
Appointment : |
01.01. 1999 |
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Previous
Employment |
LG Electronic
Inc., |
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Name : |
Mr. In Seog Kim |
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Designation : |
Director |
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Address : |
Sungwon Grand,
Apartment – 302, 2303, Sangnnam Dong, |
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Date of
Birth/Age : |
03.01. 1961 |
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Date of
Appointment : |
07.06. 2004 |
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Name : |
Mr. In Ho Kim |
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Designation : |
Alternate Director
to Mr. In Seog Kim |
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Address : |
C – 86, 1ST
Floor, Anand Niketan, |
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Date of
Birth/Age : |
17.08. 1961 |
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Qualification:
|
B. Com |
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Date of
Appointment : |
07.06. 2004 |
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Name : |
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Designation : |
Director |
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Address : |
1/21, 1st
Floor, Shanti Niketan, |
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Date of
Birth/Age : |
05.10. 1954 |
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Date of
Appointment : |
06.01. 2005 |
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|
Name : |
Pradeep Kumar
Panda |
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Designation : |
Company Sectary |
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Address : |
B – 1, LG Housing
Society, Plot No. 3, Sector, Greater Noida, District – Gautam Budh Nagar |
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Date of
Birth/Age : |
01.06. 1966 |
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Qualification:
|
B. Com, FCA |
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Date of
Appointment : |
21.01. 2002 |
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Name : |
Mr. |
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Designation : |
Director |
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Address : |
FF A 15/34,
Vasant Vihar, |
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Date of
Birth/Age : |
01.03.1960 |
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Date of
Appointment : |
30.12.2006 |
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Name : |
Mr. Soon Seop Jung |
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Designation : |
Director |
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Date of
Birth/Age : |
25.04.1961 |
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Date of
Appointment : |
25.03.2006 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Gupta |
|
Designation : |
General Manager
(Sales) |
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Name : |
Mr. Jin Won Kang |
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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 |
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Designation : |
General Manger
(HR & MS) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Satyanarayan Ajmera |
|
113128729 |
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Mr. Jaydeep Gupta
|
|
1 |
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Mr. Yasho Vardhan
Verma |
|
1 |
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Mr. Amit Gupta |
|
1 |
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Mr. Kishor Kumar
Kaul |
|
1 |
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Mr. Pradeep Kumar
Gupta |
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1 |
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Category |
|
Percentage of
Holding |
|
Foreign holdings [Foreign institutional investors, Foreign
Companies, Foreign Financial Institutions, Non-resident Indian or Overseas
corporate bodies or others] |
|
100.00 % |
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 |
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Exports : |
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Countries : |
South Africa,
Middle East, Singapore, Hong Kong, New Zealand, Sri Lanka, Dubai and Maldives |
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Imports : |
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Products : |
Electronic
components |
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Countries : |
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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 |
|
Colour T.V. |
Nos. |
|
2200000 |
|
Refrigerators |
Nos. |
|
1800000 |
|
Washing Machines |
Nos. |
|
600000 |
|
Air Conditioners |
Nos. |
|
500000 |
|
Micro Oven |
Nos. |
|
425000 |
|
Colour Monitors |
Nos. |
|
800000 |
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Desktop Pcs |
Nos. |
|
100000 |
|
Sub Assemblies
Compressors |
Nos. |
|
850000 |
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Others |
Nos. |
|
1300000 |
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WLL Systems |
Nos. |
|
600000 |
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Terminals |
Nos. |
|
300000 |
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
The
Bank of v
Standard
Chartered Bank, Credit Risk Control, H – 2, Connaught Circus, v
Punjab
National Bank v
HSBC v
Deutsche
Bank |
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Facilities : |
-- |
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Banking
Relations : |
Good |
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Auditors : |
·
S. R.
Batliboi & Associates Chartered Accountants B 26, Qutab Institutional Area, ·
K. S.
Mehta & Company Chartered Accountants ·
S. S.
Kothari & Company Chartered Accountants |
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Associates: |
v 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. v
LG
Chemicals Limited, v
LG
Construction Company Limited, v
LG
International Limited, |
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Subsidiaries |
v LG electronics Almaty Kazak Company
Limited v LG Electronics v LG Electronics Australia Private Limited v LG Electronics Argentina S.A. v LG Electronics China Company Limited v LG Electronics Canada Inc. v LG Electronics Design Tech Limited v LG Electronics v LG Electronics North Of v LG Electronics De Sao Paulo Limited v LG Electronics Shenyang Inc. v LG Electronics Tianjin Appliance Company
Limited v LG Electronics v LG Electronics Hells S.A. v LG Electronics Philippnes Inc v LG Electronics Wales Limited v LG Electronics Display Devices Indoesia v LG Electronics Design Tech Limited v LG Electronics Monetary v LG Electronics Thailand Company Limited v LG Philips LCD Company Limited v LG
Tops v LG Digital Mobile Communication Company
Limited v LG Holding Limited v SLD Telecom Private Limited v LG Micron Limited v LG Electronics Tianjin Appliance Company
Limited v LG Electronics v LG Electronics United Kingdom Limited v LG Electronics Russia Inc. v LG Electronics (M) SDN v LG Electronics Gulf FZE v LG MITR Electronic Company Limited v LG Electronics Vietnam Company 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 |
|
80.206 |
123.648 |
|
|
|
|
|
|
|
TOTAL
|
14638.251 |
15274.789 |
9099.919 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
4517.167 |
4599.883 |
3899.509 |
|
FIXED ASSETS [Net Block]
|
160.511 |
351.540 |
574.661 |
|
Capital work-in-progress
|
|
|
|
|
|
|
|
|
|
|
Others
|
9.695 |
2.293 |
27.446 |
|
DEFERREX TAX ASSETS
|
165.626 |
32.387 |
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
|
6373.371
|
6528.692 |
|
|
Provisions
|
3623.463
|
2276.378
|
2164.785 |
Total Current Liabilities
|
11098.153
|
8649.749
|
8693.477 |
|
Net
Current Assets
|
9785.252
|
10288.686
|
4588.726 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
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 |
50429.617 |
37391.645 |
|
Other Income |
0.000 |
0.000 |
0.000 |
|
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 : |
NA |
4286.181 |
2538.321 |
|
|
|
|
|
|
Total Imports |
NA |
18507.160 |
11516.049 |
|
|
|
|
|
|
Total Expenditure |
54093.645 |
48766.721 |
34543.724 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
3.02
|
2.12
|
4.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.97
|
3.29
|
7.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.37
|
7.06
|
16.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.29
|
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.50
|
3.22
|
2.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88
|
2.18
|
1.52 |
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 subject 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
AS PER WEBSITE:
Vision
Subject’s 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 Subject 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.
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 subject have
streamlined the whole system by integrating the HR fundamentals with
Information Technology and have adopted some practices unique to subject.
Subject as a brand
and a market leader in
Once these candidates are hired, they undergo and exhaustive induction
programme for 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.
Subject 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
subject is benchmarked in terms of manpower costing.
Employees are given a chance to visit
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 subject 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 subject’s CSR vision, nor is it in conflict with hard-headed
business sense. It is purely an understanding on subject’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 subject 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 subject ever since its inception in
Subject 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.
Subject 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.
Subject’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.
subject 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. SUBJECT 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,
subject 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
Subject 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.
Subject 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, SUBJECT 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
Subject 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 Air Conditioners
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, subject’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, Subject 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
LG India aims for top slot in
Digital Audio Market
Category : Consumer
Electronics
Date : 11-MAY-07
In continuation with its pioneering efforts towards bringing the latest
technology to the country, the company also showcased the world's first
Dual-format High-Definition Disc Player at the occasion.
Speaking at the launch, Mr. Moon B Shin, MD, LGEIL said, “Our research
shows that world over product aesthetics is playing a major role in consumer
buying decision. We are extremely pleased to take the aesthetic appeal of
products to the next level through our “Touché” series, a first in
Post this launch, LG’s product portfolio shall encompass not only the best in
home entertainment but also in mobile & in-car entertainment. While the MP3
& MP4 players are priced from Rs. 3000/- to Rs.12,000/- , the car
audios will be available at a price range of Rs. 5000-60,000/-
Added an elated Mr. M B Shin , “Audio Video is a focus category for LG,
and we will be spending close to Rs. 5 crore in the second quarter of the
current year for marketing these products and aggressively targeting the huge
consumer base. We are confident of achieving a turnover of Rs 450 Crore in
the Digital Audio Video segment by year end. This translates into a 70%
value growth in the segment for LG even though the industry itself is growing
at the rate lower than 10%. We are already the top brand in video segment &
are aiming to achieve the numero uno status in digital audios segment by year
end 2007.”
LGEIL commences LCD Television
manufacturing at Pune Plant
Category : Corporate
Date : 05-APR-07
The present capacity of the facility is of 1 lakh unit per year and it shall
cater to the need of the domestic markets . LG plans to upscale its operations
to a figure of 2.5 lakh units a year in the near future. The Pune plant in
addition to its current manufacturing facility at Greater Noida will enable the
company to enhance its consumer reach and reiterate it’s commitment towards
providing superior technology products to the
According Mr. Moon B. Shin, Managing Director, LGEIL said, "This
investment is in synergy with our vision and focus of expanding into premium
products. The optimism that the Indian consumer has shown towards premium
products has encouraged LG to invest into expansion of manufacturing facility
at the Pune plant & enter the LCD TV manufacturing. It will give us an edge
over other players in terms of production and subsequent market share."
Currently the facility manufactures Refrigerators, Color Televisions,
airconditioners, Washing machines, Microwave ovens, monitors, GSM phones and
Optical disk drives and caters to domestic as well as export markets.
LGEIL to make laptops at Ranjangaon plant
[ THURSDAY, SEPTEMBER 08, 2005 04:55:53 PM
MUMBAI: LG Electronics
India Limited (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 Limited (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.
About LG Electronics India Limited
LG
Electronics India Private Limited, 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
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LG inagurates
exclusive IT and GSM Shoppe, Fone & Fun at |
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22-MAR-2006 |
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Mr.SS Kim, Vice
Chairman and CEO, LGE was here in |
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LG Express Dual
Notebooks are a true blend of design, performance, entertainment and security |
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LG Electronics
Introduces the Mega Promotion Offer for the Festive Season |
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26-JAN-2005 |
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LG Electronics
Introduces the Mega Promotion Offer for the Festive Season |
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LG Achieve
Leadership in PC Monitors |
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26-OCT-2005 |
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LG Achieve
Leadership in PC Monitors |
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LG Launches 2 new
Microwave Oven |
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08-OCT-2005 |
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LG Launches 2 new
Microwave Oven |
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LG Aims to sell 1
million microwaves by 2007 |
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10-OCT-2005 |
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LG Aims to sell 1
million microwaves by 2007 |
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LG Electronics
Launches Premium Pcs, Notbooks |
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06-NOV-2005 |
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LG Electronics
Launches Premium Pcs, Notbooks |
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LG India Plans Rs
900-cr investment |
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01-OCT-2005 |
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LG India Plans Rs
900-cr investment |
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LG Electronics
crosses $100mm in exports |
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02-OCT-2005 |
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LG Electronics
crosses $100mm in exports |
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LG Launches
Promotion plan |
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30-SEP-2005 |
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LG Launches
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LG Festival Offer
From October 4 |
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30-SEP-2005 |
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LG Festival Offer
From October 4 |
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LG raises export
target for 2010 to $ 1 billion |
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02-OCT-2005 |
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LG raises export
target for 2010 to $ 1 billion |
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LG Electronics
They
visited the new manufacturing plant set up by LG Electronics India
Private Limited, 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 Private Limited, 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).
|
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 |
|
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) |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
80013609 |
|
Corporate
identity number of the company |
U32107UP2005PTC031138 |
|
Name of the
company |
LG ELECTRONICS
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 51, Udyog
Vihar Surajpur Kasna Road, Greater Noida, Gautam Budh Nagar – 201 306, Uttar
Pradesh, India. |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
Standard
Chartered bank Credit Risk
Control H – 2, Connaught
Circus, |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
hypothecation agreement of stock and book debts. |
|
Date of instrument
Creating the charge |
16.04.2007 |
|
Amount secured by
the charge |
Rs. 2300.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate per facility
letter dated 17.03.2007 Terms of repayment
As per facility
letter dated 17.03.2007 Margin : As per
facility letter dated 17.03.2007 Extent and
operation of the charge : Pari Passu charge
Other As per facility
letter dated 17.03.2007 |
|
Short particulars
of the property charged |
All stocks in
trade both present and future consisting of raw materials, finished goods,
goods in process of manufacturing and other merchandise whatsoever and all
present and future book debts, outstanding moneys, receivables, claims and
bills etc, shall be hypothecated to the Bank by way of first charge on pari
passu basis. |
|
Date of latest
modification prior to the present modification |
27.09.2006 |
|
Particulars of
the present modification |
Bank’s first pari
passu charge over all present and future stocks, book debts, money
receivables etc. increased from RS. 935.000 Millions to Rs. 2300 Millions All other terms
and conditions remaining the same. |
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.40.95 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.55.09 |
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 EXPLANATIONS
|
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|