MIRA
INFORM REPORT
|
Report Date : |
16.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED |
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Registered Office : |
Pirojsha nagar,
Vikhroli, Mumbai - 400079, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of Incorporation : |
03.03.1932 |
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Com. Reg. No.: |
11-1828 |
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Capital Investment / Paid-up Capital : |
Rs.66.291 millions |
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CIN No.: [Company
Identification No.] |
U28993MH1932PLC001828 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG06742B / MUMG05774G |
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PAN No.: [Permanent
Account No.] |
AAACG1395D |
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Legal Form : |
A Closely held Public Limited Liability Company |
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Line of Business : |
Manufacturing and Marketing of Consumer Durables, Office Equipments and Industrial Products. |
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No. of Employees
: |
9700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
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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 |
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Maximum Credit Limit : |
USD 47000000 |
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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 well established and a reputed Godrej group company having fine track. It is reported that Mr. J N Godrej, chairman of the board of directors and the managing directors of the company was conferred the “Padma Bhushan” award in recognition of his distinguished service of high order to the nation in the field of trade and economic activity. Financial position of the company appears to be sound. Trade relations are reported as fair. Directors are reported to be experienced and respectable businessmen. Payments are regular and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office / Factory 1: |
Pirojsha Nagar, Vikhroli, Mumbai - 400 079, |
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Tel. No.: |
91-22-67961300 / 67965106 / 67965656-5959 |
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Fax No.: |
91-22-67961518 |
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E-Mail : |
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Website : |
www.new.godrej.com |
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Head Office : |
Plant 16, Prrojshanagar, Vikhroli, Mumbai – 400 079, |
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Tel. No.: |
91-22-67964660 |
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Fax No.: |
91-22-67961519 |
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E-Mail : |
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Factory 2: |
Pune, |
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Branch Office : |
Western Region: Plant 4, Mumbai Branch (MHE), Pirojshanagar, Vikhroli, Mumbai - 400
079, Tel : 91-22-67961725 / 67961291 Fax : 91-22-67961701 Contact Person : Mr. N. B. Patel 1st Floor, Apollo Square Building lot No. 60, Sahaney - Sujan Park,
Lullanagar, Bibewadi Road, Pune - 411 040, Maharashtra, India Tel : 91-20-66255121 / 66255122/31/32 Fax : 91-20-66255005 Contact Person : Mr. S. S. Chandekar 4th Floor, APM Mall, 100 ft Ring Road, Satellite, Ahmedabad - 380 051,
Tel : 91-79-66060646 / 66060701 / 66060606 Fax : 91-79-66060700 Contact Person : Mr. P. B.
Jagtani Tel : 91-731-4069335 / 2532917 Fax : 91-731-2533735 Contact Person : Mr. Ashish
Sinha Southern Region: 1, SIDCO Industrial Estate, Ambattur, Chennai - 600 098, Tel : 91-44-66544431-32 Fax : 91-44-66544445 Contact Person : Mr. A.
Sreedhar No. 28, 1st Tel : 91-80-66472251 Fax : 91-80-22374673 Contact Person : Mr. M. V.
Shivdas Near Kinfra Infopark, Edachira, Kakkanad, Tel : 91-484-6612777 / 4060600-31 Fax : 91-484-4060617-18 Contact Person : Mr. Tony John 201 and 202, Lala I, Landmark , 5-4-94 to 97, 2nd Floor, Tel : 91-40-66431203 Fax : 91-40-66431039 Contact Person : Mr. A. V.
Satyanarayana Plot No. 238, Block D, Autonagar (Behind BHPV), Tel : 91-891-2517930 / 2746511-2-3 Fax : 91-891-2745878 Contact Person : Mr. B. V.
Ramana Kumar Northern Region: Godrej Bhavan, Sher Shah Suri Marg, Tel : 91-11-66507340 / 50 Fax : 91-11-66507355 / 66507056 Contact Person : Mr. Rajiv
Kapoor / Plot No. A - 40, Phase VIII A, Industrial Area, Mohali - 160 059, Tel : 91-172-5012525 5037736-37 Fax : 91-172-5037878 Contact Person : Mr. Sumeet
Bansal Tel : 91-141-6701441 / 6701442 Fax : 91-141-2545596 Contact Person : Mr. Saurabh
Gupta Sanjay Complex, C 3/3 and C 3/4, Vidhan Sabha Marg, Near Akashwani, Tel : 91-522-6454961 / 6454888-999 Fax : 91-522-2238827 Contact Person : Mr. Afham
Waris Eastern Region: Block 'GN', Sector V, Tel : 91-33-66013771-76 Fax : 91-33-23578271 Contact Person : Mr. P. K. Roy NH-5, Highway Complex, Rudrapur, P.O. Pahala, Bhubaneshwar - 752 101, Tel : 91-674-2374627 / 2374651 Fax : 91-674-2374695 Contact Person : Mr. J. P. Acharya |
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Overseas Office : |
SAIF Zone, |
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Tel No. : |
+97165570866 |
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Fax No. : |
+97165570966 Contact Person : Mr. Vinod Bhambani |
DIRECTORS
As on: 23.08.2010
|
Name : |
Mr. Jamshyd N. Godrej |
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Designation : |
Chairman and Managing Director |
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Date of Birth/Age : |
24.01.1949 |
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Address : |
40-D, B.G. Khar Marg, Mumbai -400006, |
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Date of Appointment : |
07.10.1974 |
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Name : |
Mr. Kavas N. Petigara |
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Designation : |
Director |
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Date of Birth/Age : |
10.07.1948 |
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Address : |
801, Citadel, 18-B, Ruparel Marg, Maharashtra, Mumbai –
400006, |
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Date of Appointment : |
29.09.1988 |
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|
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Name : |
Mr. Ardeship Burjorji Godrej |
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Designation : |
Director |
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Date of Birth/Age : |
03.04.1942 |
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Address : |
Godrej House, 67H, Walkeshwar Road, Opposite Birla Public School, Mumbai – 400006, Maharashtra, India |
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Date of Appointment : |
30.04.1973 |
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Name : |
Mr. Nadir B. Godrej |
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Designation : |
Director |
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Address : |
40-D, B.G. Kher Marg, Malabar Hill, Mumbai – 400006, |
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Date of Birth/Age : |
26.08.1951 |
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Date of Appointment : |
27.09.1990 |
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Name : |
Mr. Vijay M. Crishna |
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Designation : |
Director |
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Address : |
A-261, Grand parade Apts. Off August Kranti Marg, Mumbai –
400026, |
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Date of Birth/Age : |
08.03.1945 |
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Date of Appointment : |
27.09.1990 |
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Name : |
Mr. Fali P. Sarkari |
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Designation : |
Director |
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Address : |
Sethna Bhabha Bldg., 3rd Floor, |
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Date of Birth/Age : |
29.02.1932 |
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Date of Appointment : |
13.01.1998 |
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Name : |
Mr. Navroze Jamshyd Godrej |
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Designation : |
Whole Time Director |
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Date of Birth/Age : |
10.06.1982 |
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Address : |
40-D, B.G. Khar Marg, Malabar Hill, Mumbai – 400006, |
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Date of Appointment : |
01.05.2010 |
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Name : |
Mr. Behram A. Hathikhanavala |
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Designation : |
Director |
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Address : |
C-12, Preet Vihar, Indraprastha Extension, |
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Date of Birth/Age : |
09.11.1930 |
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Date of Appointment : |
25.11.1997 |
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Name : |
Mr. Phiroze D. Lam |
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Designation : |
Executive Director and President |
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Address : |
21/23 |
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Date of Birth/Age : |
06.03.1945 |
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Date of Appointment : |
01.10.2003 |
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Name : |
Mr. Kyamas A. Palia |
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Designation : |
Executive Director (Finance) |
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Address : |
7C, |
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Date of Birth/Age :
|
22.11.1945 |
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Date of Appointment : |
01.10.2003 |
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Name : |
Mr. Pradeep P. Shah |
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Designation : |
Director |
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Address : |
72-A, Embassy Apartments, |
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Date of Birth/Age :
|
07.01.1953 |
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Date of Appointment : |
10.08.2004 |
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Name : |
Mrs. Anita Ramchandran |
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Designation : |
Additional Director |
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Address : |
13 Navroze Apartments, |
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Date of Birth/Age :
|
28.04.1955 |
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Date of Appointment : |
28.04.2007 |
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Name : |
Mr. Percy Erach Fouzdar |
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Designation : |
Secretary |
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Date of Birth/Age : |
17.06.1956 |
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Address : |
B -13, Godrej Bauh, Off |
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Date of Appointment : |
22.11.1994 |
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|
|
|
Name : |
Mr. Anil Kumar Verma |
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Designation : |
Whole time Director |
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Address : |
902-B, Fantasia, Raheja garden, |
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Date of Birth/Age :
|
22.06.1957 |
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Date of Appointment : |
01.10.2008 |
KEY EXECUTIVES
|
Name : |
Mr. P. E. Fouzdar |
|
Designation : |
Company Secretary |
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Address : |
B-13 Godrej Baug, Off |
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Date of Birth |
17.06.1956 |
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Date of Appointment : |
22.11.1994 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 23.08.2010
|
Names of Shareholders |
|
No. of Shares |
|
Adi Barjorji Godrej |
|
32240 |
|
Parmeshwar Adi Godrej |
|
4506 |
|
Tanya Arvind Dubash |
|
9616 |
|
Nisaba Adi Godrej |
|
9616 |
|
Pirojsha Adi Godrej |
|
9616 |
|
Barjori Nadir Godrej |
|
65593 |
|
Rishad Kaikhushru Naoroji |
|
65594 |
|
Jamshyd Naoroji Godrej |
|
32717 |
|
Raika Jamshyd Godrej |
|
16421 |
|
Navroze Jamshyd Godrej |
|
21048 |
|
Smita Vijay Crishna |
|
35333 |
|
Freyan Vijay Crishna |
|
15123 |
|
Crishna Vijay Nyrika |
|
15124 |
|
Godrej Investments Private Limited, Mumbai |
|
177032 |
|
Surveyors and Company Private Limited, Mumbai |
|
11 |
|
Aspi Framroze Golwala |
|
157500 |
|
Vijay Mohan Crishna |
|
13 |
|
Pheroza Jamshyd Godrej |
|
33 |
|
|
|
|
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Total |
|
662910 |
As on 23.08.2010
Equity Share breakup (Percentage of total equity)
|
Bodies corporate |
26.77 |
|
Directors and Relatives of Directors |
49.47 |
|
Other top 50 Shareholders |
23.76 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Consumer Durables, Office Equipments and Industrial Products. |
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Products : |
· Consumer Durables - Home Storewels and Furniture, Locks and Latches, Cash Boxes and Coffers. · Office Equipments - Security Equipment, Safes - Strong Room Doors, Safe Deposit Lockers, Cabinets Recording Systems, Movable Partition Systems, Fire Resisting Record and Filing Cabinets, Book Stacks and Cases, Manual Typewriters and Electronic Typewriters and Computer Peripherals. · Industrial Products - Steel Metal working Machines, Plastic Injection Moulding Machines, Precision Toolings, Precision Fabrications, Chemical, Aerospace, Defence and Nuclear Applications, Multiflex and Heavy Duty Storage Systems, Workshop Equipment and Forklift Trucks. · Counterbalanced Trucks · Attachments · Warehouse Trucks · Sideloaders · Industrial Cleaning Equipment · Telehandlers · Access Work Platform · Tow Tractors |
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Exports: |
·
·
·
·
·
·
· U.A.E. ·
·
·
·
·
|
PRODUCTION STATUS 31.03.2010
|
PARTICULARS |
Unit |
Installed Capacity |
Actual production |
|
a) Consumer
Durables |
|
|
|
|
1. Steel Furniture (on triple-shift basis @ 20000 tonnes per shift) |
Tonnes |
60000 (60000) |
39410 (43458) |
|
2. Security Equipment (on triple-shift basis @ 7000 tonnes per shift) |
Tonnes |
21000 (21000) |
13478 (12120) |
|
3. Typewriters |
Nos. |
40000 (40000) |
3604 (7827) |
|
4. Locks (excluding production for internal consumption) |
Nos. |
4740000 (4740000) |
1063231 (944528) |
|
5. Home Appliances (Refrigerators and Washing Machines) |
Nos. |
2100000 (1800000) |
1298828 (1032573) |
|
6. Furniture and Fixtures (primarily of metal) |
Nos. |
1050000 (--) |
46405 (--) |
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b) Industrial
Products |
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|
7. Press Tools, Jigs, Fixtures, Gauges, Dies, Moulds, Cutting Tools, Special Purpose Machines and Precision |
Rs.’000 |
1000000 (1000000) |
1882340 (1454710) |
|
8. Process Plant and Equipment |
Rs.’000 |
4000000 (4000000) |
4578300 (4921675) |
|
9. Forklift Trucks |
Nos. |
2400 (2400) |
1640 (1854) |
|
10. Electric Motors (Transferred on Amalgamation of Lawkim Limited with effect from 1st October, 2008) |
Nos. |
1520000 (1520000) |
79938 (51090) |
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c) Others |
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11. Ready-mix Concrete |
M³ |
334500 (334500) |
220748 (213250) |
Notes
·
Installed Capacity is as
certified by the Management and accepted by the Auditors.
·
Unless otherwise stated,
actual production is inclusive of quantities used internally.
·
For electric Motors,
Actual Production does not include production of motor parts / components and
production on job work basis.
·
The production of
Typewriters has been discontinued since October 2009.
·
The production of
Furniture and Fixtures (primarily of metal) in a new industrial undertaking set
up by the Company, commended from 17th November 2009.
·
Figures in brackets
pertain to the previous year.
GENERAL INFORMATION
|
No. of Employees : |
9700 (Approximately) |
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Bankers : |
·
Central Bank of ·
Union Bank of ·
Citibank N. A., 293, ·
BNP Paribas, Mumbai – 400 001, ·
Standard Chartered Grindlays Bank Limited,
Mumbai – 400 001, ·
State Bank of ·
Axis Bank Limited, Mumbai – 400 001, ·
The Hong Kong and Shanghai Banking Corporation
Limited, Mumbai – 400 001, ·
ICICI Bank Limited, Mumbai – 400 021, ·
Export-Import Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
Kalyaniwala and Mistry |
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Chartered Accountants |
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Address : |
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Subsidiaries : |
· Godrej Industries Limited ·
· Godrej Infotech Limited ·
Godrej ( ·
Godrej ( · Overseas Establishments |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1100000 |
Equity Shares |
Rs. 100/- each |
Rs. 110.000 millions |
|
900000 |
Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs. 90.000 millions |
|
|
Grand Total |
|
Rs.
200.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
662910 |
Equity Shares |
Rs. 100/- each |
Rs. 66.291 millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
66.291 |
66.291 |
66.264 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11735.435 |
9031.134 |
6801.898 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11801.726 |
9097.425 |
6868.162 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2496.000 |
4370.726 |
3853.165 |
|
|
2] Unsecured Loans |
2227.940 |
1733.653 |
2562.315 |
|
|
TOTAL BORROWING |
4723.940 |
6104.379 |
6415.480 |
|
|
DEFERRED TAX LIABILITIES |
517.981 |
585.581 |
550.081 |
|
|
|
|
|
|
|
|
TOTAL |
17043.647 |
15787.385 |
13833.723 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5542.948 |
5571.876 |
4699.411 |
|
|
Capital work-in-progress |
2470.410 |
952.547 |
460.911 |
|
|
|
|
|
|
|
|
INVESTMENT |
4575.577 |
3089.199 |
3714.988 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9059.687 |
8256.278 |
8355.009 |
|
|
Sundry Debtors |
8384.506 |
7603.463 |
7112.966 |
|
|
Cash & Bank Balances |
490.603 |
33.234 |
40.854 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
2108.648 |
3298.425 |
2283.875 |
|
Total
Current Assets |
20043.444
|
19191.400
|
17792.704
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
14344.517 |
12121.279 |
11849.143 |
|
|
Provisions |
1244.215 |
896.358 |
985.148 |
|
Total
Current Liabilities |
15588.732
|
13017.637
|
12834.291
|
|
|
Net Current Assets |
4454.712
|
6173.763
|
4958.413
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17043.647 |
15787.385 |
13833.723 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43621.790 |
40351.778 |
34711.149 |
|
|
|
Other Income |
1124.024 |
1561.392 |
1002.479 |
|
|
|
TOTAL (A) |
44745.814 |
41913.170 |
35713.628 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw
Materials |
17386.098 |
17125.002 |
15081.573 |
|
|
|
Purchases made
for re-sale |
9256.714 |
8025.220 |
7543.298 |
|
|
|
Consumption of
stores and spares parts |
936.708 |
994.839 |
811.771 |
|
|
|
Salaries, Wages,
Bonus, etc. |
5467.472 |
4584.500 |
3907.279 |
|
|
|
Managerial
Remuneration |
100.332 |
53.699 |
54.573 |
|
|
|
Payment to
Auditors |
15.905 |
12.435 |
8.840 |
|
|
|
Insurance
Expenses |
45.925 |
40.398 |
36.688 |
|
|
|
Power
& Fuel Cost |
677.062 |
672.223 |
603.323 |
|
|
|
(Increase)
/ decrease in Stock |
(1110.306) |
20.930 |
(1537.058) |
|
|
|
Other Expenditure |
6263.839 |
6083.309 |
5568.539 |
|
|
|
TOTAL (B) |
39006.749 |
37612.555 |
32078.826 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5739.065 |
4300.615 |
3634.802 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
525.657 |
840.944 |
645.301 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5213.408 |
3459.671 |
2989.501 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
536.602 |
501.069 |
424.728 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4676.806 |
2958.602 |
2564.773 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1314.267 |
544.221 |
847.470 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
3362.539 |
2414.381 |
1717.303 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.193 |
3.448 |
2.371 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
340.000 |
244.000 |
175.000 |
|
|
|
Proposed Dividend |
596.619 |
397.746 |
397.586 |
|
|
|
Tax on Distributed Profits |
61.618 |
27.828 |
67.570 |
|
|
BALANCE CARRIED
TO THE B/S |
7557.312 |
5193.010 |
3448.203 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5072 |
3642 |
2592 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
7.51
|
5.76
|
4.80
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.72
|
7.33
|
7.38
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.27
|
10.27
|
0.09
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.33
|
0.37
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.72
|
2.10
|
2.80
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.47
|
1.39
|
LOCAL AGENCY FURTHER INFORMATION
additional information
PARTICULARS IN RESPECT OF GROSS SALES AS ON
31.03.2010
|
|
|
Current Year |
Previous Year |
||
|
Class of Goods |
Unit |
Quantity |
Value Rs.’000 |
Quantity |
Value Rs.’000 |
|
a) Consumer
Durables |
|
|
|
|
|
|
Nos. |
14966122 |
10824654 |
13520449 |
8233641 |
|
|
2. Security
Equipment |
Nos. |
49718 |
3174111 |
48864 |
2429806 |
|
3. Typewriters |
Nos. |
3253 |
30502 |
7517 |
63933 |
|
4. Locks |
Nos. |
1087745 |
850023 |
982059 |
679872 |
|
5. Home
Appliances (Refrigerators and Washing Machines) |
Nos. |
1256610 |
10427170 |
1067770 |
8597285 |
|
6. Furniture and
Fixtures (primarily of Metal) |
Nos. |
35432 |
147025 |
-- |
-- |
|
7. Traded Products
and Services |
Rupees |
-- |
7832484 |
-- |
10590248 |
|
|
|
|
|
|
|
|
b) Industrial Products |
|
|
|
|
|
|
8. Press Tools,
Jigs, Fixtures, Gauges, Dies, Moulds, Cutting Tools, Special Purpose Machines
and Precision Components / Equipment (excluding production for internal
use) |
Rupees |
-- |
1517373 |
-- |
1553858 |
|
9. Process Plant
and Equipment |
Rupees |
-- |
3694223 |
-- |
4933224 |
|
10. Forklift
Trucks |
Nos. |
1607 |
1569873 |
1926 |
1807150 |
|
11. Electric
Motors (including parts/components and repairs/service charges) (For six
months ended 31st March, 2009)
|
Nos. |
81097 |
424572 |
50674 |
165109 |
|
12. Traded
Products and Services |
Rupees |
-- |
684531 |
-- |
801762 |
|
|
|
|
|
|
|
|
c) Others |
|
|
|
|
|
|
13. Ready-mix
Concrete |
M³ |
170831 |
606547 |
206625 |
610131 |
|
14. Others
(including Property Development, Construction and Real Estate Services) |
Rupees |
-- |
3738162 |
-- |
2515701 |
|
Total |
|
|
45521250 |
|
42981720 |
QUANTITATIVE DETAILS IN RESPECT OF FINISHED GOODS
STOCKS AS ON 31.03.2010
|
Class of Goods |
Unit |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
Quantity |
Quantity |
Quantity |
|
1. Steel Furniture
(including Traded) |
Nos. |
940243 |
1374258 |
1386371 |
|
2. Security
Equipment |
Nos. |
5499 |
5127 |
5553 |
|
3. Typewriters |
Nos. |
1336 |
985 |
675 |
|
4. Forklift
Trucks |
Nos. |
132 |
99 |
171 |
|
5. Locks
(Manufactured) |
Nos. |
105568 |
130082 |
167613 |
|
6. Locks
(Traded) |
Nos. |
636287 |
967312 |
960882 |
|
7. Home
Appliances (including Traded) |
Nos. |
233156 |
229481 |
273143 |
|
8. Electric
Motors |
Nos. |
1534 |
2693 |
-- |
ANALYSIS OF RAW MATERIAL CONSUMED AND FINISHED GOODS
PURCHASED AS ON 31.03.2010
|
|
|
Current Year |
Previous Year |
||
|
Description |
Unit |
Quantity |
Value Rs.’000 |
Quantity |
Value Rs.’000 |
|
a) Raw Material
Consumed : |
|
|
|
|
|
|
Mild Steel |
Tonnes |
83511 |
4215121 |
89693 |
4807939 |
|
Paint (Liquid and Powder) |
Rupees |
-- |
247630 |
-- |
210681 |
|
Mazak / Zamak |
Tonnes |
577 |
59907 |
399 |
42740 |
|
Brass Sheets |
Tonnes |
722 |
93922 |
514 |
86556 |
|
Aluminium Sheets |
Tonnes |
1994 |
179086 |
1173 |
135436 |
|
Plastic |
Rupees |
-- |
1192068 |
-- |
880339 |
|
Foaming Components |
Tonnes |
6230 |
536512 |
4642 |
463827 |
|
Others |
Rupees |
-- |
10861852 |
-- |
10497484 |
|
Total (a) |
|
|
17386098 |
|
17125002 |
|
|
|
|
|
|
|
|
b) Finished Goods
Purchased : |
|
|
|
|
|
|
Locks and Fittings |
Nos. |
8997711 |
966510 |
8428920 |
895230 |
|
Others |
Rupees |
-- |
8290204 |
-- |
7129990 |
|
Total (b) |
|
|
9256714 |
|
8025220 |
|
Total (a) + (b) |
|
|
26642812 |
|
25150222 |
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
||||||
|
Charge
identification number of the modified |
90236303 |
||||||
|
Corporate
identity number of the company |
U28993MH1932PLC001828 |
||||||
|
Name of the
company |
GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
Pirojsha nagar,
Vikhroli, Mumbai - 400 079, |
||||||
|
Type of charge |
Book Debts Movable Property |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
description of the instrument creating or modifying the charge |
1) First
supplemental Joint deed of hypothecation and 2) First supplemental working
capital consortium agreement both dated 5th February 2009 |
||||||
|
Date of
instrument Creating the charge |
05.02.2009 |
||||||
|
Amount secured by
the charge |
Rs. 9600.000
Millions |
||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per such rates
as stated in the respective sanction letters and/or as may be decided by each
member bank separately and/or at such rates as may be required/prescribed by
any law or statutory ordinance or notification of Reserve Bank of Terms of
Repayment As stated in the
respective sanction letters and/r as may be decided by each member bank. Margin As per such rates
as stated in the respective sanction
letters and/or as may be decided by each member bank Extent and
Operation of the charge Central Bank of
India-Rs. 5000.000 Millions, Union Bank of Others - |
||||||
|
Short particulars
of the property charged |
All stocks of raw
materials, work-in-progress, consumable stores, spares, loose tools, etc., spares
and components or after-sales service, and finished goods, situated at the
company’s factories at Mumbai and Villages Wing and shindewadi, Mohali
(Punjab) and Chennai (Tamilnadu) and in any part of India, and all the
present and future book debts, outstanding, monies receivables, claims, bills
etc. |
||||||
|
Date of latest
modification prior to the present modification |
04.12.2007 |
|
Corporate
identity number of the company |
U28993MH1932PLC001828 |
|
Name of the
company |
GODREJ AND BOYCE
MANUFACTURING COMPANY LIMITED |
|
Address of the
registered office or of the principal place of business in |
Pirojsha nagar,
Vikhroli, Mumbai - 400 079, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Export Import
Bank of India, CentreOne Building, Floor 21, World Trade Centre Complex,
CuffeParade, Mumbai- 400005, Maharashtra, India |
|
Nature of
instrument creating charge |
Letter of
Confirmation dated August 23, 2010 executed by Godrej and Boyce Manufacturing
Company Limited, ("the Borrower") in favour of Export-Import Bank
of India ("Exim Bank") accepting the renewal of working capital
limitof Rs.680 crores for a further period of one year and further confirming
the security created by Borrower in favour of Exim bank for the renewed
period. |
|
Date of
instrument Creating the charge |
23/08/2010 |
|
Amount secured by
the charge |
Rs. 6800.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
: With respect to
Rupee disbursements @6.75% p.a. payable with monthly rests; with respect to
Dollar disbursements per annum rates equal to the sum of LIBOR plus Margin Terms of
Repayment : 1) Each
disbursement relating to pre-shipment credit shall be repaid by the Borrower
within 180 days from the date of such advance or out of relative export
proceeds or equivalent advance from post shipment credit whichever is
earlier. 2) Each advance
relating to post-shipment credit shall be repaid by the Borrower within 180
days from the date of such or out of relative export proceeds whichever is
earlier. 3) L/C shall have
maximum usance period of 180 days and BG maximum upto 3 years Margin : Nil Extent and
Operation of charge : The charge
created under the Mortgage dated 29th September 2008 in favour of Exim Bank
for the fund based facility and non fund based facility (the facilities) for
the due repayment of the facilities aggregating Rs.6800.000 millions together
with interest and all other monies payable by the Borrower to Exim Bank under
the Facilities Agreement dated 6th August 2008, shall be valid,subsisting and
continuing as first charge in favour of Exim Bank. Others : Nil |
|
Short Particulars
of the property charged |
|
|
Date of
instrument modifying the charge |
25/08/2009 |
|
Particulars of
the present modification |
Charge created
vide mortgage dt 29.09.2008 for fund based and non-fund based facilities
aggregating Rs.6800.000 millions shall continue to secure the renewed
facilities for a further period of one year as mentioned in Letter of Confirmation dt 23rd August 2010 |
Fixed Assets:-
·
·
· Freehold Buildings
· Leasehold Buildings
· Staff and Workmen Quarters
· Machinery
· Vehicles
· Furniture and Fixtures
·
Other Equipments.
History:
The company was incorporated on 3rd March, 1932
at Mumbai in
The Company celebrated its centenary in 1997. In 1897 a young man named Ardeshir Godrej gave up law and turned to lock-making. Ardeshir went on to make safes and security equipment of the highest order, and then stunned the world by creating toilet soap from vegetable oil. His brother Pirojsha Godrej carried Ardeshir's dream forward, leading Godrej towards becoming a vibrant, multi-business enterprise. Pirojsha laid the foundation for the sprawling industrial garden township (ISO 14001- certified) now called Pirojshanagar in the suburbs of Mumbai. Godrej touches the lives of millions of Indians every day. To them, it is a symbol of enduring ideals in a changing world.
In company, on the other hand, the Construction Department made it a point from the very beginning to adapt practices which prevent pollution, and that is why Vikhroli, unlike the city which it adjoins, remains clean and green. The Construction Department had to conserve water and other resources, use raw material having less adverse environmental impacts, conserve and enhance green cover, and continue to create environmental awareness among their employees, sub-contractors, vendors and the community around, in pursuance of the environmental Policy laid down by the management: ' They at Godrej are committed to profitable growth in the business through sustainable development and continual improvement in the environmental performance.'
The further steps of the company took towards control of pollution make their synonymous with clean and sound environmental practices. The late Nozer A. Lentin, who has a member Secretary (Retired.) to Maharashtra Pollution Control Board, was appointed in 1980 to conduct a survey of legal and technical problems likely to be faced regarding treatment and disposal of effluents. In 1982, a Manager (Environment and Pollution Control) was appointed to attend to the day-to-day work related to environment and pollution control. Data of effluents from the industrial plants was an alysed and a feasibility report was prepared. Later, in 1983, an Effluent Treatment Plant (ETP) was established with Associated Industrial Consultants. An ETP with a capacity of 1,200 cubic metres was commissioned in 1986. In 1987, electroplating effluents were segregated and treated separately in a plant having the capacity of 200 cubic metres per day.
The first Tertiary Sewage Treatment and Recycling Plant was commissioned 1989 and second as recently as in 1996. At present, 100 cubic metres per day as sewage waste are being treated for re-use in industrial plants and gardens. In 1995 AIC Watson were appointed to carry out a detailed study of all aspects of solid waste management in the Godrej industrial premises. Suggestions in a comprehensive report submitted in January 1997 are in the process of being implemented. Paint waste, which has been a major source of hazardous wastes, was sent for test incineration to M/s. Bayers Limited. A procedure has been put in place to incinerate the paint sludge and to dispose of the ash generated. A secured landfill for hazardous wastes has been constructed.
Finally, in 1995 the management decided to appraise all the Divisional Heads and Managers about the Environmental Management System and Environment Audit. Mr. K.P. Nyati, Head of the Environment Management Division, Confederation of Indian Industry, was invented to give a presentation to them. Further follow-up was done to initiate action on the Environment Management System and adoption of ISO-14001 standards throughout the Company.
Naval emphasized upon quality for the department, by which each of the structures would provide satisfactory services for about 100 years. He made it clearly known that an initial fault in the concept of design or workmanship would involve heavy costs at a later date, which had to be avoided. In this way, by having in-house facilities and capabilities, the Construction Department not only achieved economy, but also quality and reliably, unlike the construction industry in the country, which is becoming a matter of grave concern. Naval had envisaged from the beginning that the Construction Department would not only undertake new projects for construction at Vikhroli, but would also be responsible for its maintenance.
Baria's appointment in 1948 was followed by H.N. Engineer's in 1949. The foundation work of Plant-I was then in progress and work on the construction of plant-II had also started. Engineer became the departmental head in 1996 and continued in that capacity till 1971. He was ably assisted by Edul Postwalla. Engineer was followed by Bomi Sethna, who with his twenty years' experience, having joined Godrej in 1951, took over as departmental head in 1971 and continued till 1986. It was then Engineer's son Maneck's turn to take over, and deservedly too, for he had been in the service of the Company for twenty-two years since 1964 and continues to head the Department in the capacity of Vice-President to this day.
Progress in construction was slow, but steady. Naval's habit of adopting a system for everything he did and expecting his workers to follow, was very much in evidence in the construction of manufacturing plants, housing and the Udayachal schools. After the construction of plant-I and II, construction of other plants was taken up every second year. By the year 1990, when Naval passed away, eighteen factory sheds had been constructed and the last, the nineteenth, was completed in 1992.
As regards housing for workers, Naval would sit with the architects and insist on cross-ventilation.
The experience thus gained would prove to be most useful
when designing Godrej Baug years later. The first housing project was taken in
hand in 1951. This project known as Betthi Chawl initiated a brisk Programme of
housing for workers; there was a break in the speed of construction between
1975 and 1985, when the
Fixed Deposits
Matured But Not Claimed:
604 Deposits totalling Rs. 18.219 millions and due for repayment on or before 31st March, 2007, were not claimed by the depositors on due dates. As at the date of this Report, Rs. 10.587 millions thereof involving 260 Deposits have been claimed and repaid or renewed.
Directors:
Mr. N.K. Dhabhar, erstwhile Director of the Company, passed away on 15th April,
2007. He joined the Company on 3rd May, 1957, as a qualified Chartered Accountant,
and was initially attached to the Internal Audit Department of the Company. He
was appointed as the Chief Internal Auditor in the mid sixties. He studied for
his post-qualification examination in Management Accountancy (Part II) and
submitted a thesis on "Management Accounting", thereby being one of
the few Chartered Accountants in the sixties to complete this examination. He
was in charge of all areas of accounting, tax planning, treasury management and
retiral benefit schemes, from the early seventies, and became the Head of
Finance in the early eighties until his elevation to the Board as a
Non-Executive Director in September, 1988. He also served as a Member of the
Operations Committee, the Audit Committee and the Remuneration Committee of the
Board of Directors of the Company. He served on the Board of Directors and its
Committees for 15 years with great distinction. His brilliant mind, his
nobility of character and humility in all his dealings have left an indelible
impression on everyone around him; his commitment, practical and selfless
approach, along with virtues like professional ethics, personal integrity and
sound values, have endeared him to all those who have worked closely with him.
The Directors acknowledged his selfless contribution with a deep sense of
gratitude for his long and distinguished association of over 45 years with the
Company until his resignation from the Board on 28th July, 2003, and recorded
their deep sense of grief in a resolution of condolence at their meeting held
on 28th April, 2007. While expressing their profound regret at the loss of
their valued and esteemed colleague, the Directors conveyed their deepest
sympathies to the members of his family.
Mrs. Anita Ramachandran was appointed as an Additional Director of the Company,
with effect from 28th April, 2007. Pursuant to Section 260 of the Companies
Act, 1956, she holds office upto the date of the forthcoming Annual General
Meeting. A Notice under Section 257 of the Companies Act, 1956, has been
received from a Member, along with the requisite deposit, signifying his
intention to propose the appointment of Mrs. Ramachandran as a Director of the
Company at the next Annual General Meeting. Mrs. Ramachandran possesses
considerable business experience and expertise. It is desirable that the
Company should continue to receive the benefit of her advice and guidance as a
Director of the Company. The Board recommends that the Resolution proposing her
appointment as a Director be passed.
In accordance with the provisions of the Companies Act, 1956, and the Articles
of Association, Mr. P.P. Shah, Mr. A.B. Godrej and Mr. N.B.Godrej, retire from
the Board by rotation, and being eligible, offer themselves for
reappointment.
ISO Certification
APPLIANCES: (ISO 9001/14001)
Refrigerators and Washing Machines
FURNITURE AND INTERIORS: (ISO 9001/14001)
Office Furniture, Seating and Desking Systems, Computer Furniture and Open Plan Office Systems, Office and Home Storwels®, Sofas and Recliners, Home Furniture, Filing Cabinets and Filing Systems, Book Stacks and Cases, Sliding/Tambour Door Units, Personal/Industrial Lockers, Customized Storage Systems, Roll-formed Slides and Components for Furniture.
SECURITY EQUIPMENT and SOLUTIONS : (ISO 9001 / 14001)
Safes, Strong Room Doors, Safe Deposit Lockers, Cash Boxes and Coffers, Data Safes, Fire Resisting Safes, Record and Filing Cabinets, Electronic Coffers, Cash Counting Machines, Fire/Security Doors, Fire and Burglar Alarm Systems, Video Door Phones, CCTV System, Access Control Systems.
LOCKS: (ISO 9001)
Padlocks, Cylindrical Locks, Mechanical and Electromechanical door locks and related hardware.
STORAGE SOLUTIONS: (ISO 9001 / 14001)
Multiflex and Heavy Duty Storage Systems, Tool Storage Cabinets, Gravity-flow, Mobile and Drive-in System Components, Mezzanine Floors, Cantilever Storage Systems, Workshop Equipment and Special Solutions.
PRIMA COMMUNICATION SOLUTIONS: (ISO 9001 / 14001)
Multimedia, Slide and Overhead Projectors, Video and Teleconferencing Equipment, Fax, Photocopiers, Multi-Function Devices, PRIMA Manual Typewriters (available in over thirty languages), Vending Machines.
INDUSTRIAL PRODUCTS: (ISO 9001 / 14001)
Precision
Toolings (Press Tools/Plastic Injection Moulds/Vacuum Forming Moulds/Pressure
Die-Casting Dies), Special Purpose Machines, High Precision Components/Equipment
for Engineering and allied industries, Sheet Metal Working Machines – Sales and
Service.
PROCESS
PLANT AND EQUIPMENT (ISO 9001, ASME ‘U’, ‘U2’, ‘S’ and ‘R’ Stamps,
SQL ‘M’ Stamp
Pressure Vessels,
Columns, Reactors, Electro polished Reactors, Shell and Tube Heat Exchangers,
Trays, Tower Internals and other Custom-built Fabrication.
MATERIAL HANDLING EQUIPMENT: (ISO 9001 / 14001)
Forklift Trucks ( Diesel, Electric and LPG ) and Attachments, Container Handling Trucks, Warehousing and Personnel Access Equipment, Spare Parts, Services and Maintenance Contracts..
CONSTRUCTION AND REAL ESTATE:
(ISO 9001 /
14001)
Ready Mix
Concrete, Construction Projects, Property Development, Horticulture and
Envirotech Services.
ELECTRICAL AND ELECTRONICS SERVICES: (ISO 9001 / 14001)
Electrical Power Distribution System, Compressed Air Control System, Electronic Technology Solution Provider (Hardware, Software, Retrofitting, Process Control and Instrumentation, Industrial Automation), Energy Conservation.
SCHEME OF AMALGAMATION OF GODREJ CONSUMERBIZ LTD.
AND GODREJ HYGIENE CARE LTD.WITH GODREJ CONSUMER PRODUCTS LTD.WITH EFFECT FROM
1ST JUNE, 2009:
The Scheme of
Amalgamation of the Company’s wholly-owned subsidiary Godrej ConsumerBiz Ltd.
And Godrej Hygiene Care Limited (a wholly-owned subsidiary of Godrej Industries
Limited. - a subsidiary of the Company), with Godrej Consumer Products Limited
(GCPL) and their Respective Shareholders (“the Scheme”), filed in accordance
with the provisions of Sections 391 and 394 of the Companies Act, 1956, with
the Hon’ble High Court of Judicature at Bombay (‘the Court’) on 12th June,
2009, came up for its final hearing on 8th October, 2009, whereat the Court
issued an Order sanctioning the Scheme. In accordance with the directions of
the Court, certified copies of the Order of the Court sanctioning the Scheme
were filed with the Registrar of Companies,
With effect from
the Appointed Date, i.e. 1st June, 2009, and upon the Scheme becoming
effective, the whole undertaking of the erstwhile GCBL, stood transferred to
and vested in GCPL as a going concern and GCBL, without any further act, stood
dissolved without being wound-up.
Upon the Scheme
coming into effect, in consideration of the transfer of and the vesting of the
entire undertaking of GCBL in GCPL with effect from 1st June, 2009, the Company
(as the sole equity shareholder of GCBL) was issued and allotted 30,296,727
equity shares of Re. 1 each by GCPL, on 9th November, 2009, in lieu
of 33,326,400 equity shares of Re. 1 each held by the Company in GCBL.
website details:-
Profile
Godrej Material Handling is
The partners Crown, Komatsu, Hubtex, Tennant,
Besides new equipment, they also offer pre-owned equipment. Various maintenance
programs offered through our network of 16 branches and over 45 dealers across
They export the equipment to over 40 countries throughout Asia, Middle East,
Africa, Latin America and
Godrej Material Handling holds ISO 9001-2008, ISO 14001-2004 and OHSAS
18001-2007 quality assurance certificates awarded by TUV Nord.
History
The
Company celebrated its centenary in 1997. In 1897 a young man named Ardeshir
Godrej gave up law and turned to lock-making. Ardeshir went on to make safes
and security equipment of the highest order, and then stunned the world by
creating toilet soap from vegetable oil. His brother Pirojsha Godrej carried
Ardeshir's dream forward, leading Godrej towards becoming a vibrant,
multi-business enterprise. Pirojsha laid the foundation for the sprawling
industrial garden township (ISO 14001- certified) now called Pirojshanagar in
the suburbs of Mumbai. Godrej touches the lives of millions of Indians every
day. To them, it is a symbol of enduring ideals in a changing world.
Incorporation
Established in 1897, the Company was incorporated with limited liability on
March 3, 1932, under the Indian Companies Act, 1913.
Sales -
Subsidiaries and Affiliates
The Company is one of the largest privately-held diversified industrial
corporations in
Board of Directors
Chairman and Managing Director: J. N. Godrej
Other Executive Directors: P. D. Lam, K. A. Palia, V. M. Crishna, A. G.
Verma
Non-executive Directors: A. B. Godrej, N. B. Godrej, K. N. Petigara, B.
A. Hathikhanavala,F. P. Sarkari, P. P. Shah, A. Ramachandran
Shareholders
Since its inception, the Company is controlled by the GODREJ family
based in
Branches (Sales
and Service) And Branded Retail Chain (Godrej Lifespace)
Mumbai, Ahmedabad, Bhopal, Dombivli, Indore, Jabalpur, Nashik, Pune,
Raipur, Thane, New DelhiI, Chandigarh, Faridabad, Ghaziabad, Gurgaon, Jaipur,Jalandhar,
Jammu, Kanpur, Lucknow, Noida, Chennai, Bangalore, Coimbatore, Hyderabad,
Kochi, Secunderabad,Trivandrum, Visakhapatnam, Kolkata , Bhubaneswar, Guwahati,
Ranchi, Patna
The Company has a network of 60 Company-operated Godrej Lifespace Retail
Stores, more than 2,200 Wholesale Dealers, and more than 18,000 Retail Outlets.
The Company has Representative Offices in Sharjah (UAE),
Business:
The
Company has the following businesses (with respective certifications), which
manufacture and/or market a wide range of consumer durables and industrial
products:
Appliances (ISO 9001/14001)
Refrigerators, Washing Machines, Air Conditioners, Microwave Ovens and
DVD Players
“Interio” Office And Home Furniture (ISO 9001/14001)
Office Furniture - Desking, Seating, Open Plan Office Systems, Computer
furniture and Storages; Home Furniture - Living, Dining and Bedroom furniture;
Kitchen cabinets. Laboratory furniture; Marine accommodation; Healthcare
furniture; Turnkey interiors; Carpet tiles; Mattresses
Locks (ISO 9001/14001,OHSAS 18001)
Padlocks, Furniture locks, Mechanical and electromechanical door locks,
Door Controls, Architectural and Glass Hardware, Customized solutions and
Cartini range of Scissors, Knives and Kitchen Accessories
Security Equipment And Solutions : (ISO 9001 / 14001, OHSAS 18001)
Strong Room Doors, Safe Deposit Lockers, Cash Boxes and Coffers,
Data/ATM Safes, Burglary and Fire Resisting Safes, Recordand Filing Cabinets,
Electronic Coffers, Currency Sorters and Cash Counting Machines,
Fire/Security/Marine Doors, Entranza Home Doors, Fire and Burglar
Alarm/Premises Security Systems, Video Door Phones, CCTV System, Access Control
Systems
Prima (ISO 9001)
Vending Machines and Services; Conferencing Products and Solutions
Storage Solutions (ISO 9001/14001)
Shelving and Racking systems (Static and Mobile), Drive-in System,
Cantilever System, Mezzanine Floors, Gravity Flow System, Special Warehousing
Solutions, Tool Storage Cabinets, Work surfaces, Trolleys and Warehousing
Consultancy
Material Handling Equipment (ISO 9001/14001, OHSAS 18001)
Forklift Trucks ( Diesel, Electric and LPG ) and Attachments, Container
Handling Trucks, Telehandlers, Warehousing, Industrial Cleaning and Personnel
Access Equipment, Spare Parts, Service and Maintenance Contracts
Industrial Products (ISO 9001/14001)
Precision Toolings (Press Tools/ Vacuum Forming Moulds/Pressure
Die-Casting Dies), Special Purpose Machines, High Precision
Components/Equipment for Engineering and allied industries, Sheet Metal Working
Machines – Sales and Service
Process Equipment (ISO 9001; ASME ‘U’, ‘U2’, ‘U3’, ‘S’; AD-2000
Merkblatt ‘HP0’; Chinese ‘SELO’)
Heavy Walled Reactors, High Pressure Vessels, High Pressure Shell and Tube Heat
Exchangers, Reactor/Tower Internals and Trays
Construction And Real Estate (ISO 9001/14001, OHSAS 18001)
Ready Mix Concrete, Construction Projects, Property Development, Real
Estate Services
Electrical And Electronics (ISO 9001/14001, OHSAS 18001)
Busbar Power Distribution Systems, Compressors and Compressed Air
Control Systems, Industrial Electronics and Automation, Energy Conservation and
Awards Recognition
2006
·
Lalji Mehrotra Foundation Award for Excellence,
conferred by National Society for Equal Opportunities for the Handicapped.
·
Great Son of India Award given to Sohrab Godrej by
National Convention for Protection of India's Resources and Environment.
2005
·
BNHS Green Governance Award for the Category -
Conservation and Restoration of Habitat, awarded to Godrej and Boyce Mfg.
Company Limited
2003
·
Economic Times Corporate Excellence Award for
Corporate Citizenship.
1994
·
Nisarga Mitra Award from Rotary Club of
1991
·
Indira Gandhi Paryavaran Puraskar, awarded to
Sohrabji Godrej.
1989
·
Institution of Economic Studies Lok Shree Award for
Social Commitment towards the society.
MILESTONES:
As they say no guts, no glory. But at Godrej, they must say it has been a glorious 106 years of being the face of Indian industry. They have always set the trends, always defined the market place and always achieved the glory. Here is a quick preview of the various milestones they have crossed in the past 106 years.
Precision Engineering
1952 - Year of Inception – as the “Machine Tool” Division,
of Godrej and Boyce Manufacturing company limited. Limited.
1952 - Commenced manufacture of Presses, Shears and Press Brakes, to mainly
cater to Indian industries. 2002 - Evolves into Precision Engineering Systems
Division for making complex equipment for Nuclear Plants
2002 - Diversified from machine tool business, and marked the evolution of
"Precision Engineering Systems" Division.
2002 - Commenced manufacture of sophisticated, mission critical Equipments and
Systems, of high complexity, for Nuclear Power Plants
2003 - Executes
2004 - Bagged Orders for execution of prestigious projects, for Nuclear Power Corporation of India Limited
(NPCIL), for manufacture and supply of :
· Primary shutdown system drive mechanisms
· Power Control Device Mechanisms .
· Airlock doors for Radiation Zone Separation
· Positioning system for online fuelling
· Fuelling handling systems
2005 - "Drive Mechanism" Orders successfully executed, and delivered
to M/s. NPCIL.
2005 - Commenced supply of
2006 - Delivered and Commissioned the first Mapping Equipment, for Defence application.
2006 - Precision Engineering Systems Division, of Godrej, wins the prestigious "INS Industrial Excellence Award
OA and Conferencing (Prima)
1955 - Produces first indigenous typewriter
1985 - Introduces electronic typewriters
1986 - The Prima typewriter enters the Guinness Book of World Records, for non-stop marathon typing for 123
hours
1991 - Victory at World Speed Typing Championship at
1994 - Obtains ISO 9001 certification
1995 - Pioneers the promotion of digital multimedia
projectors in
1996 - Launches Faxes
1997 - Designs and develops an overhead projector
1999 - Launches photocopiers
2000 - Launches video conferencing equipment
2004 - Launches multifunction products
2005 - Launches hot beverage vending machines
2006 - Launches Godrej Brand of Premixes for the Hot Beverage Vending Machines
Security Equipment
1902 - Godrej makes the first Indian safe
1995 - Introduces electronic security products
1997 - Obtains ISO 9001 certification
1999 - Introduces fire doors / Avanti doors
1999 - Obtains ISO 14001 certification
2001 - Introduces banking automation products
2003 - First high pressure nuclear reactor doors for NPCIL
2003 - Manufactures ATM safes for world's leading ATM manufacturers
2004 - Introduced Entranza doors – The original Masonite collection
2005 - First in
2005 - Introduced special pressure doors for Marine Applications.
2006 - First Godrej division to get IMS certification (ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999)
Some real life disasters through which Godrej security products came out
unscathed.
1944 - Mumbai Docks 7000 Tonne ship blast
1991 -
1997 - A blast at a major refinery site in
2001 - The Gujarat Earthquake disaster
2002 - A MIG 21 crash in a Bank building at Jalandhar
2004 - Fire at Centurian Bank of Lalbaug which lasted for more than 2 days.
Products tested and certified by:
·
Underwriters
· Bureau of Indian Standards
· Central Building Research Institute
· Electronic Regional Testing Laboratory
Appliances
1958 -1st Indian Company to manufacture Refrigerators.
1987 - Pioneered PUF (Polyurethane Foam) Technology in
1989 - First company to introduce PUF ( Polyurethane Foam)
1989 - Introduces
1989 - First company to sell 10 million appliances
1994 - 1st Company in
1995 - Obtains ISO 9001 Certification
1996 - Launches Washing Machines by commissioning a new manufacturing set-up at Shirwal - State-of-art
Manufacturing Plant starts operation at Mohali.
1997 - Launches Air Conditioners - Obtains ISO 14001 certification.
2000 - First Durable Company in
2001 - Launches Pentacool Refrigerators with Revolutionary Five Side Cooling.
2002 - 1st and only Company in
2004 - Godrej Refrigerator awarded the Super Brand Status. Declared No. 1 in
Businessworld Consumer Delight Survey.
2005 - Launches Microwave Ovens and DVD players. Declared the Most Preferred
Brand in CNBC Awaaz Consumer Awards.
2006 - Launches Eon Refrigerators with Cool Shower Technology that are adjudged the Best Design in Consumer Durables Category at Businessworld NID Design Awards.
1st Company in
·
Declared the Most Trusted Refrigerator Brand in
· 2007 - Godrej Refrigerators win ‘Trusted Brand – Gold’ award for the second consecutive year from Readers Digest consumer survey
· Godrej Refrigerators adjudged ‘Most Preferred Brand’ award for the third consecutive year as per the CNBC Consumer Awaaz Survey
Interio
1923 - Manufactures first steel cupboard and filing cabinet
1963 - Introduces 'Storwel 'brand for steel cupboards
1984 - Starts manufacture of Open Plan Office System (OPOS)
1995 - Furniture business obtains ISO 9001 certification
1996 - Storwel business obtains ISO 9001 certification
1997 - Launches new cupboard 'Centurion' to celebrate Godrej centenary
1998 - Furniture business obtains ISO 14001 certification
1998 - Storwel business obtains ISO 14001 certification
1998 - Receives Certificate of Excellence from the Indian Orthopaedic Association for seating systems
1999 - Forays into MODULAR ACCOMODATION SYSTEMS (Navy)
2000 - Introduces the home furniture range
2000 - Forays into 'Interiors' business
2001 - Manufactures 13,000 cupboards for UNICEF to support cyclone hit Orissa
2001 - Launches 'i-space' - children's furniture
2002 - Launches the 'Godrej Perfect Home' brand
2002 - Forays into laboratory solutions
2003 - Furniture and Interiors Group ( after amalgamation of Storewel and Furniture business) obtains ISO 9001- 2000 certification
2004 - Furniture and Interiors Group obtains ISO 14001 certification
2004 - Launches 'Formula S' Brand office solutions
2006 - Launched mass seating range for airports, stadium, etc.
2006 - Consolidates all furniture brands under umbrella brand - Godrej Interio
2006 - Change of name of division to 'Interio'
Locks
1897 - Godrej Introduces first lock with lever technology (Anchor brand)
1909 - Godrej obtains patent for the first 'Springless Lever lock'.
1947 - Godrej introduces Wafer Tumbler Technology and a
wide range of Padlocks, Door locks and Furniture locks.
1954 - Introduces 'Navtal' Brass Padlock -
1995 - Launches 'Ultra technology' locks in
1996 - Obtains ISO 9001 Certification
1997 - Godrej Locks complete 100 years.
1997 - 'Freedom' padlocks launched as a tribute to 50 years of Indian independence.
1998 - Introduces Cellular manufacturing and Single Piece Flow system.
1999 - Sets up manufacturing unit in
2001 - Launches first 24 hr call centre in the Indian locks industry.
2003 - Shifts strategy from selling locks to providing Locking Solutions.
2004 - Develops wireless technology for Door Locks.
2004 - 'Godrej Locks' adjudged one of
2005 - Introduces ‘Shakti’ brand of Locks
2005 - Obtains OHSAS 18001 Certification
2006 - * Forms global alliances with EVVA (
Mechanical and Electronic Locking Solutions.
· Receives Commendation Certificate from CII for Strong Commitment to Excel.
2006 - Obtains CII Exim Bank Certification for “Strong Commitment to Excel”
2007 -Obtains ISO 14001:2004 Certification Mechatronic Key
for Door Lock and Unique Dual Access Control Padlock developed for the first
time in
Storage Solutions Group and Godrej Efacec
1956 - First large business house to enter the field of material storage
1998 - Pioneers Automated Storage and Retrieval Systems (AS/RS)
1999 - Joint venture with Efacec of Portugal to design
and manufacture AS/RS in
2000 - Sets up new state-of-the-art manufacturing plant for racking at Chennai
2001 - Pioneers seismic resistant designs in high-rise warehouses after the earthquake in Ahmedabad
2001 - Furnishes the Parliament Library of the
Government of
2002 - Establishes first seismic resistant Automated Warehouse in Ahmedabad
2004 - Installs the largest documents storage facility in India, 20m tall, ten storeys high with 20 levels of storage accommodating 0.150 Million boxes.
2005 - Completely Indigenized AS/RS Solutions offered to
customers in
2006 - Export Performance comes of age - volks wagon Dubai Places single largest order for 1.2 million USD.
Tooling
1935 - Tool Room founded for captive consumption
1978 - Acquires first CNC machine
1979 - Installs first wire-cutting machine in the country
1993 - Graduates to Commercial Tool Room status
1995 - Obtains ISO 9001 certification
1997 - Enters the Automobile panel dies market and makes first set of tools for M/s Ford through M/s Jai Bharat
Maruti
1997 - Obtains ISO 14001 certification
1997 - Manufactures country's first twin tub mould for washing machines
2000 - Acquires first double column large machining centre and high speed machining centres
2000 - Establishes its capability for designing and manufacturing 'A' class panel tooling
2001 - Supplies first welding assembly fixtures for Honda 'Accord'
2003 - Receives 'Supplier Award for Tooling' from Honda
Motorcycle and Scooters
2003 - Develops Large size Gravity Diecasting Dies for Automobiles.
2005 - Makes Aluminium Stretch Forming Dies 4 m. x 2 m., for M/s. ECIL / ISTRAC, 32 m. Antenna for Deep
Space Project for CHANDRAYAN.
2006 - Receives "Best Tooling Supplier" Award from M/s. Honda Motorcycle and Scooters India Limited.
2006 - Fabricates and machines Aluminium Mirrors 4 m. x 2 m., for M/s. ECIL / ISTRAC, 32 m. Antenna for Deep Space Project for CHANDRAYAN.
Process Equipment
1976 - Process Equipment Division founded
1976 - Receives first Order from Engineers India Limited for Trays fabrication
1979 - Graduates to Equipment Manufacturer with and
mark order from Polychem /UHDE for Stainless Steel Equipment
1983 - Order for supply of Adsorbent Chambers with Internals - only
fabricator in
1990 - Establishes in-house capability for Electro-Polishing-first Order for 22 Reactors for Penicillin G Product
1994 - Order from
1994 - Obtains 'U'-Stamp Accreditation
1997 - Establishes new Heavy Fabrication Plant
1997 - Becomes leading contributor in building of the world’s
largest grass-root Refinery at Reliance,
1998 - Obtains ISO-9001 Accreditation.
2000 - Arrives on the international scene - executes
major order from UHDE for Qafco Project at
2001 - Jacobs,
2001 - UHDE orders High-Pressure Heat Exchangers for Safco
Project in
2001 - Obtains SQL Licence and becomes qualified for export
to
2003 - Commences construction of Company’s own sea-going jetty
2004 - First supply of six large pressure vessels made
to
2004 - First supply of two large Towers (the heaviest
and longest equipment to have been shipped out of the city of
2004 - Polypropylene Reactor successfully fabricated and
delivered to Reliance Industries Limited, Jamnagar Refinery.
2005 - Wins high value export orders from Bechtel,
Vessels and Columns for GASCO-OGD III and AGD II Gas
Processing Project in the
2005 - Polymerization Reactors (3 Nos.) with internal cooling coils successfully manufactured and supplied to Finolex Industries Limited, Ratnagiri.
2005 - First supply of a Hydro Desulphurization Reactor to
ENAP Refinery in
2005 - Successfully delivers on-time critical high-pressure
thick-walled ULSD Reactors (3 Nos.) to St. Charles Refinery of Valero refining
Company,
2006 Wins first direct order for supplying High Pressure Feed Water Heaters to
a Fossil fuel fired power plant of Gujarat State Electricity Corporation
Limited, at Gandhinagar Gujarat.
2006 - Wins high value order for supply of Polypropylene
Reactor for SABIC, Ibn Zahr PP-III Project,
2006 - Wins high value order from Reliance Petroleum Limited for supply of
critical Heat Exchangers for Jamnagar Export Refinery Project.
2006 - Accredited with ASME U3 stamp. Godrej PED is the first Indian and second Asian Company to be qualified with this certification.
2006 - Commissioned high-end CNC Deep Hole Drilling Machine with capacity to drill upto 1000 mm thickness.
2006 - Successfully supplied critical Heat Exchangers to
PDO,
2006 - Commissioned large CNC Vertical Turret Lathe to accommodate jobs upto 5 Mtrs diameter.
Material Handling Equipment
1963 - Manufactures first Forklift Truck in
1977 - Manufactures Diesel Forklift Truck with indigenous Automatic Transmission
1985 - Manufactures first 8 Tonne Diesel Forklift Truck
1989 - Becomes Market Leader in
1996 - Ties up with
1997 - Obtains ISO 9001 certification
2000 - New generation GX Series Forklifts launched
2002 - Obtains ISO 14001 certification
2003 - Crosses market share of 50% in
2004 - Launches indigenously developed Electric Stacker for Warehousing applications
2004 - Commences contract manufacture of complete truck for a European Forklift Truck Company
2004 - Becomes first Forklift Truck manufacturer to be awarded Self Certification Status by Quality Assurance Wing of Ministry of Defence
2005 - Executes the single largest order for 64 Electric Forklift Trucks for the Indian Air Force.
2006 - Executes the single largest order in the Indian forklift truck history for supply of 201 Diesel Forklift Trucks to the Indian Army
2006 - Commences contract manufacture of complete truck for an American Material Handling Company.
2006 - Becomes the 29th largest manufacturer of Forklift Trucks in the world.
2007 - Obtains IMS (ISO 9001, ISO 14001 and OSHAS 18001) certification
Precision Components and Systems
1986 - Receives first order for development of Satellite Components.
1989 - Receives first order for Vikas Rocket Liquid Propulsion Engine.
1994 - Delivers first Vikas Engine for Polar Satellite Launch Vehicle.
1995 - Bags contract for development of first batch of 5 Cryogenic Engines.
1999 - Bags contract for development and production of Liquid Propulsion Engines for Prithvi.
1999 - Delivers first Cryogenic Engine for Geo-stationary Satellite Launch Vehicle.
2001 - Bags contract for development and production of Air Frame Assembly for Brahmos.
2001 - Receives order for 7.5 m dia. Stretch Formed Remote Sensing Antennae.
2002 - Delivers first Prithvi Engine.
2003 - Delivers first Remote Sensing Antenna.
2003 - Delivers first Air-Frame Hardware for Brahmos.
2004 - Receives award for "Excellence in Aerospace Indigenisation" from Society of Indian Aerospace
Technologies and Industries.
2005 - Receives first Export order from M/s.
2005 - Awarded the prestigious ISO 9000-2000 Certification.
2006 - Receives break-through order from M/s. Hindustan Aeronautics Limited, for complete tubing for "Shakti" Engine, for 5.5 Ton Class Dhruv Helicopter.
2006 - Recommended for AS-9100, ISO-14001 and OHSAS-18000 Certifications.
Construction Division
1948 - Construction Department established and commenced departmental construction of the Company’s first Industrial Plant at Vikhroli, Mumbai
1956 - Master Plan of the Township prepared by a leading Architect
1995 - Completes 19 factory sheds totally admeasuring 3.75 million square feet
1997 - Obtains Certification for ISO 9001:1994 (Quality Management System) and ISO 14001 (Environmental Management System)
1999 - Establishes Ready Mix Concrete Business with the first RMC Plant at Vikhroli.
2001 - Ventures into Vikhroli Property Development and Civil Construction Contracting Business
2002 - Launches Estate Leasing and Envirotech Business
2006 - Completes 2.5 million square feet of Residential Construction - Obtains Certification for Integrated Management System of ISO 9001: 2000, ISO 14001:2004 and OHSAS 18001:1999
Electrical and Electronics Division
1980 - Started with Godrej's ambitious plans of in house maintenance of electronically controlled CNC Machines,
Spray Booths and all Automation products like RVBF, 5 Axes Russian Machines
1980 to 1987 - Helped setting up complete electronic business equipment division
Since 1985 - Helped other divisions of Godrej viz. Security division, M/C Tools Division, Prima to set up their electronic development section
1986 - Installed state of art of technology EPABX from Jemont Schneidr with 2000 lines subscribers.
Since 1987 - Helped M/C tools division for their automation projects and setting of electronics group for plastic injection moulding and press brake controllers
1995 - ISO 9001
Certification - First internal support services in
1996 - ISO 14001
certification - First division in Godrej to get this certification and amongst
the first in
1997 - Significant energy saving achieved in compressor air system by introducing the concept if ‘Intermediate Controllers’ at plant and ‘Control Master’ for Remote Auto Operation of Compressor.
1998 - In the year 1998, E and E begins external business activity
by forming "Compressed Air Solutions" section and becomes first such
energy saving solution provider in
1999 - Helped Locks Division in implementation of all Takao San's project, Indigenous CNC key bitting and key indenting projects
1999 - Launch ETSP (Electronic Technology Solutions Provider) business group to provide services to external customers in the field of
(a) Industrial Automation with PLC Drives and Scada
(b) Retrofit M/C tools and material handling equipment
(c) Selling of CNC Controller of Centroid and ac drives of TB Woods USA
(d) Annual Maintenance Contract services for CNC
machines and Industrial Electronics equipment repair business
2000 - Installed state of art technology EPABX from Lucent Technology with 3000
lines subscribers.
2000 - Electrical section took the first job of external
profit centre work with supply of power panel to Indian rare earth
2000 - Involvement from concept to commissioning of CII-Sohrabji
Godrej green business centre –
2000 - Tied up with Henikwon corporation as a sole
distributor for Henikwon make rising main and bus duct system.
2002 - Signs agreement with Energair solutions,
2002 - Took the first major job for electrification of Lawkim International call centre
2003 - Entered the BPO category bagging WNS electrical work
2004 - Took up agency for selling of TB Wood drives.
2004 - Got repeat orders from WNS for their plant 11 expansions
2004 - Got the PWD contractors certification and bagged the major public sector job of sales tax department electrical work
2004 - Entered BARC as an Electrical Contractor and now there is no looking back
2004 - Tied up with Electrak as a sole distributor for Electrak make under floor Lighting Truncking.
2005 - Signs distributorship agreements with Sullair
Corporation -
2005 - Adapted screw compressor technology for air conditioning system along with BMS (building management
system) for remote auto operation of the air conditioning system.
2005 - Entered the 33kv class contracting, taking the work of ISRO Bhopal
2005 - Tied up with FIG division for the Prestigious UPID
data centre project at
2005 - Entered the high rise tower category taking the work
of Plannet Godrej 3 towers at Byculla of Godrej Properties.
2005 - We established as a single point solution provided by carrying out work
of all facilities of ION
2006 - Agency agreement with Centroid
2006 - In year 2006, starts selling their own designed and manufactured demand side control systems for Asia Pacific market under SSAI Brand.
2006 - Entered the multiplex and malls category bagging Raheja's work of Inorbit Mall
2006 - Entered 22kv class category with sub station work of
Dombivali better environment water treatment plant.
2006 - Established the design capabilities by executing design supply
installation of the Bangalore International Exhibition centre.
2006 - Entered the Rural Electrification project work of Rajiv Gandhi Gram Vikas Yojana bagging the work of MP Electricity board.
2006 - Became a favored contractor of Godrej properties
taking the work of Woodmans Estate at
2006 - Executed the Prestigious IMTEX -07 work
2006 - Facilitated commissioning project of Wipro
software development centre at Gurgaon, 2nd platinum certified bldg. In
Press Releases
With the launch of Godrej Appliances’ ‘Edge SX MuziPlay Refrigerators’
Redefining innovation in Refrigerators category in India
Refrigerator + FM Radio + MP3 Player
In line with its
core philosophy “Designed by
Curiosity,” and “Brighter Living for Consumers” where new products are
designed by closely understanding Indian consumer preferences and aspirational
values, Godrej Appliances - one of India’s leading appliance manufacturers, has
redefined convergence in refrigerators for Indian homes and taken innovations
to a new level by announcing the launch of India’s first music enabled
refrigerator - ‘Edge SX MuziPlay’ with
FM radio and a MP 3 Player.
While cooking in
the kitchen, consumers can now listen to their favourite FM program, plug in a
pen drive with Mp3 songs or even a mobile phone loaded with Mp3 songs or charge
the mobile phone. With Godrej
Appliances’ Edge SX MuziPlay Refrigerators, women who spend most of
their time in the kitchen – from early morning breakfasts to lunch then snacks
and dinner can now experience the joy of music while cooking, making their
kitchens a Brighter place to be
in.
Commenting on the launch of this revolutionary
product, Mr. Kamal Nandi, Vice President, Sales and Marketing, Godrej
Appliances said, “Today consumers are quite aware of their
options and clear about what products they desire. For instance, in the
refrigerator category, more than just cooling, consumers look at features like freshness,
storage efficiency, and stylish exteriors to match their discerning lifestyles.
With the launch of Godrej Appliances’ Edge
SX MuziPlay Refrigerator – India’s first music enabled refrigerator, we
have set another milestone in our strong legacy in R and D and are totally
committed to pioneering nouvelle technologies to meet the changing needs of the
Indian market, staying true to our philosophy, Designed by Curiosity”.
Added Mr. Abhay Devi, Sr. General Manager,
North, Godrej Appliances, “With the launch of
Godrej Appliances’ Edge SX MuziPlay
Refrigerator, we have transformed the refrigerator from a ‘passive
appliance’ into an ‘active entertainer’ in your kitchen. This launch marks the
beginning of a new era in the refrigerator category by Godrej Appliances,
setting new benchmarks in the Indian consumer durables industry”.
Key features of Godrej Edge SX MuziPlay Refrigerators :
·
FM Radio - Tune in to your
favourite radio stations while you cook!
·
MP3 Player - A USB port where
you can plug your USB drive and listen to music (MP3 songs).
You can also plug in your Mobile Phone and
listen to songs stored on your phone
·
80 W PMPO Speakers – 2 powerful
speakers and 6 Equalizer Settings (Rock,
Jazz, Pop, Country, Classic,
·
Mobile Charger – you can even
charge your mobile by plugging it into the USB port
·
StayCool Technology - It promises a never before 24*Hour cooling
retention despite power cuts. With the unpredictable power situation across
many parts of the country especially upcountry, this superior cooling retention
reduces the inconvenience of ice melting down and food spoilage during power
cuts.
·
Step Designed Freezer - ensures faster
ice making and utilizes space better, making way for a unique chilling zone
·
With Silver
Ion Freshness Technology in the CCT flaps (Convection control Technology
) in main compartment, vegetable tray and dry store to fight germs and ensure
longer lasting freshness.
·
5 Star Energy Rating-Making it energy efficient and
environment friendly
Available in a
variety of colours and patterns like Garden
Silver, Burgundy Lilies,
Icy Wine, Silver Woods and Ruby Streak, in two capacities - 183
L and 221 L, Godrej Appliances’ Edge SX MuziPlay Refrigerators club
classy aesthetics with smart features and new technology and are priced between
the range of Rs.0.013 million to Rs.0.016 million. Like all Godrej
Refrigerators, these are also 100% green (CFC, HFC and HCFC Free) and
environment friendly.
Godrej will be
promoting the refrigerators this summer with a complete 360 degree Media cum
BTL consumer engagement program which will center around the theme of MuziPlay.
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.44.53 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.62.98 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
67 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.