MIRA INFORM REPORT

Report Date :

17.09.2011

IDENTIFICATION DETAILS

Name :	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED
Registered Office :	Pirojsha nagar, Vikhroli, Mumbai - 400079, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	03.03.1932
Com. Reg. No.:	11-001828
Capital Investment / Paid-up Capital :	Rs. 66.291 millions
CIN No.: [Company Identification No.]	U28993MH1932PLC001828
TAN No.: [Tax Deduction & Collection Account No.]	MUMG06742B MUMG05774G
PAN No.: [Permanent Account No.]	AAACG1395D
Legal Form :	A Closely held Public Limited Liability Company
Line of Business :	Manufacturing and Marketing of Consumer Durables, Office Equipments and Industrial Products.
No. of Employees :	9700 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (67)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 47200000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
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.

INFORMATION DECLINED BY

Name :	Mr. Prasad
Designation :	Accounts Department
Date :	15.09.2011

LOCATIONS

Registered Office / Factory 1:	Pirojsha Nagar, Vikhroli, Mumbai - 400 079, Maharashtra, India.
Tel. No.:	91-22-67961300 / 67965106 / 67965656-5959
Fax No.:	91-22-67961518
E-Mail :	info@godrej.com mumbaibr@godrej.com
Website :	www.godrej.com www.new.godrej.com
Factory 2:	Pune, Maharashtra, India
Branches :	Godrej Bhavan, 4-A, Home Street, Fort, Mumbai – 400 001, Maharashtra, India Tel. No. 91-22-22073871 / 22072238 / 22046448 / 22046804 Fax No. 91-22-22072238 E-Mail : mumbaibr@godrej.com Plant 18, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-80-55964851 Fax. 91-20-55961510/1511 E-mail. locksmkt@godrej.com Plant 13, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55964356 Fax. 91-22-55961507 E-mail. storwel@godrej.com Plant 4 and 14, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55961700/1800/5656/5959 Fax. 91-22-55961503/1505 E-Mail. oefurn.mktg@godrej.com Plant 11, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55965301 Fax. 91-22-55965360 E-mail.amv@godrej.com Plant 17, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55961700/1800/5656/5959 Fax. 91-22-55961509 E-mail. semktg@godrej.com Plant 18, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55961700/1800/55962652/54 Fax. 1-22-55961526 E-mail. primamkt@godrej.com Plant 15, 19 and 6, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55964556/4551 Fax. 91-22-55961556 E-mail. pedmktg@godrej.com Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55964556/4551 Fax. 91-22-55961556 E-mail. pedmktg@godrej.com Plant 9, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55961447/448 Fax. 91-22-55961521 E-mail. mtdmktg@godrejnet.com Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Board Nos. 55961700/1800/5656/5959 E-mail. shk@godrej.com Plant 7, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55961700/1800/5656/5959 Fax. 91-22-55961523 E-mail. trmktg@godrej.com Plant 11, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55964651 Fax. 91-22-55961520 E-mail. mhemktg@godrej.com Plant 2, Pirojshanagar, Vikhroli, Mumbai – 400 079, Maharashtra Tel. 91-22-55962201 Fax. 91-22-55961525 E-mail. hnd@godrej.com Godrej Bhavan, 4-A, Home Street, Fort, Mumbai – 400 001, Maharashtra, India The company also has branches at Ahmedabad, Bangalore, Bhopal, Bhubaneshwar, Kolkata, Chandigarh, Kochi, Coimbatore, Faridabad, Ghaziabad, Guwahati, Hyderabad, Indore, Jabalpur, Jaipur, Jamshedpur, Kanpur, Lucknow, Chennai, New Delhi, Patna, Pune, Rajkot, Surat, Trivandrum and Vishakhapatnam

DIRECTORS

As on: 23.08.2010

Name :

Mr. Jamshyd N. Godrej

Designation :

Chairman and Managing Director

Date of Birth/Age :

24.01.1949

Address :

40-D, B.G. Khar Marg, Mumbai -400006, Maharashtra, India

Date of Appointment :

07.10.1974

DIN :

00076250

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Managing director	1/4/2011	7/10/1974	-	Active	NO
2	U74999MH1960PLC011759	LAWKIM LIMITED	Director	21/02/1977	21/02/1977	-	Active	YES
3	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	12/6/1984	12/6/1984	-	Active	NO
4	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	7/3/1988	7/3/1988	-	Active	NO
5	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
6	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	28/11/1991	28/11/1991	10/6/2008	Active	NO
7	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
8	U85110KA1992PLC013570	ANTRIX CORPORATION LIMITED	Director	27/11/1992	27/11/1992	-	Active	NO
9	L72200MH1994PLC077342	GEOMETRIC LIMITED	Director	25/03/1994	25/03/1994	-	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	8/8/1994	8/8/1994	-	Amalgamated	NO
11	U65991MH1995PLC087722	TATA TRUSTEE COMPANY LIMITED	Director	21/05/1996	21/05/1996	-	Active	NO
12	L35911PN1945PLC004656	Bajaj Holdings & Investment Limited.	Director	27/10/1998	27/10/1998	20/02/2008	Active	NO
13	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	1/3/2001	1/3/2001	-	Active	NO
14	U72900MH2001PLC134244	3D PLM SOFTWARE SOLUTIONS LIMITED	Director	23/01/2002	23/01/2002	17/04/2007	Active	NO
15	U24240MH1997PLC105714	Godrej Hershey Limited	Director	12/7/2002	12/7/2002	15/05/2007	Active	NO
16	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	18/12/2003	18/12/2003	27/12/2007	Active	NO
17	U23209WB1985SGC039487	HALDIA PETROCHEMICALS LTD	Director	2/11/2004	2/11/2004	-	Active	NO
18	U85100MH1946GAP005082	BREACH CANDY HOSPITAL TRUST	Director	13/12/2004	13/12/2004	-	Active	NO
19	U80301TN2004NPL052529	GREAT LAKES INSTITUTE OF MANAGEMENT	Director	1/4/2005	1/4/2005	3/5/2011	Active	NO
20	U80302KA1998PTC037801	ILLINOIS INSTITITUTE OF TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	29/11/2005	29/11/2005	-	Active	NO
21	U67120MH2005PLC155188	BSE Limited	Director	14/09/2007	26/09/2006	16/06/2008	Active	NO
22	U80904DL2007NPL161078	SINGAPORE - INDIA PARTNERSHIP FOUNDATION(INDIA)	Director	23/03/2007	23/03/2007	-	Active	NO
23	L65993PN2007PLC130076	BAJAJ AUTO LIMITED.	Director	10/7/2008	30/01/2008	-	Active	NO
24	U74990MH2008NPL189117	INDIAN INSTITUTE FOR HUMAN SETTLEMENTS	Director	23/12/2008	23/12/2008	-	Active	NO
25	U93030DL2009NPL194891	Shakti Sustainable Energy Foundation	Director	5/10/2009	5/10/2009	-	Active	NO
26	U80211DL2008NPL185825	WWF India Foundation	Additional director	13/08/2010	13/08/2010	-	Active	NO
27	U73100MH2011NPL220003	RAPTOR RESEARCH AND CONSERVATION FOUNDATION	Director	21/07/2011	21/07/2011	-	Active	NO

Name :

Mr. Kavas N. Petigara

Designation :

Director

Date of Birth/Age :

10.07.1948

Address :

801, Citadel, 18-B, Ruparel Marg, Maharashtra, Mumbai – 400006, Maharashtra, India

Date of Appointment :

29.09.1988

DIN :

00066162

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
2	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	29/12/1988	29/12/1988	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
5	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	30/01/2002	30/01/2002	-	Active	NO
6	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	1/9/2004	1/9/2004	30/06/2008	Active	NO

Name :

Mr. Adi Burjor Godrej

Designation :

Director

Date of Birth/Age :

03.04.1942

Address :

Godrej House, 67H, Walkeshwar Road, Opposite Birla Public School, Mumbai – 400006, Maharashtra, India

Date of Appointment :

30.04.1973

DIN :

00065964

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	30/04/1973	30/04/1973	-	Active	NO
2	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
3	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
4	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	8/6/1984	8/6/1984	-	Active	NO
5	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	10/6/2008	Active	NO
6	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	7/3/1988	7/3/1988	-	Active	NO
7	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
8	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
9	U29294MH1993PTC072222	ISS HICARE Private Limited	Director	31/05/1993	31/05/1993	18/06/2009	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	8/8/1994	8/8/1994	-	Amalgamated	NO
11	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	2/4/2011	13/11/1997	-	Active	NO
12	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Whole-time director	1/4/2010	29/11/2000	-	Active	NO
13	U24240MH1997PLC105714	Godrej Hershey Limited	Director	1/7/2002	1/7/2002	-	Active	NO
14	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
15	U15432MH1952PLC169547	NUTRINE CONFECTIONERY COMPANY LIMITED	Director	19/06/2007	30/06/2006	-	Active	NO
16	U51909MH2007PLC168675	GODREJ HYGIENE PRODUCTS LIMITED	Director	13/03/2007	13/03/2007	-	Active	NO
17	U18101MH1977PTC181783	SARALEE HOUSEHOLD & BODYCARE INDIA PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Amalgamated	NO

Name :

Mr. Nadir B. Godrej

Designation :

Director

Address :

40-D, B.G. Kher Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India.

Date of Birth/Age :

26.08.1951

Date of Appointment :

27.09.1990

DIN :

00066195

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	26/02/2007	Active	NO
2	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Managing director	7/3/1988	7/3/1988	-	Active	NO
3	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
4	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
5	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
6	L65990MH1945PLC004558	MAHINDRA AND MAHINDRA LIMITED	Director	28/08/1992	28/08/1992	-	Active	NO
7	U72900MH1992PLC065539	KARROX TECHNOLOGIES LIMITED	Director	7/9/1992	7/9/1992	-	Active	NO
8	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	8/8/1994	8/8/1994	-	Amalgamated	NO
9	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	29/11/2000	29/11/2000	-	Active	NO
10	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	15/01/2001	15/01/2001	24/06/2008	Amalgamated	NO
11	U24240MH1997PLC105714	Godrej Hershey Limited	Director	1/7/2002	1/7/2002	15/05/2007	Active	NO
12	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	28/02/2003	28/02/2003	30/06/2008	Active	NO
13	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
14	U73100KA1998PLC030671	AVESTHAGEN LIMITED	Director	20/09/2004	20/09/2004	14/11/2008	Active	NO
15	U72900MH1999PTC120346	CBAY SYSTEMS (INDIA) PRIVATE LIMITED	Director	2/1/2006	2/1/2006	11/9/2007	Active	NO
16	U15432MH1952PLC169547	NUTRINE CONFECTIONERY COMPANY LIMITED	Director	28/08/2006	28/08/2006	15/05/2007	Active	NO
17	U45201MH2006PLC164656	GODREJ GOLD COIN AQUAFEED LIMITED	Director	29/05/2007	16/11/2006	-	Amalgamated	NO
18	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	6/12/2006	6/12/2006	-	Active	NO
19	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	12/8/2008	12/3/2008	-	Active	NO
20	U15142TN1996PLC036551	CAUVERY PALM OIL LIMITED	Director	7/7/2008	8/5/2008	-	Active	NO
21	U15122MH2006PLC163857	GODREJ OIL PALM LIMITED	Director	16/06/2008	8/5/2008	-	Active	NO
22	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Director	6/7/2009	24/06/2008	-	Active	NO
23	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	3/8/2009	7/11/2008	-	Active	NO

Name :

Mr. Vijay M. Crishna

Designation :

Director

Address :

A-261, Grand parade Apts. Off August Kranti Marg, Mumbai – 400026, Maharashtra, India.

Date of Birth/Age :

08.03.1945

Date of Appointment :

27.09.1990

DIN :

00066267

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	1/4/2011	27/09/1990	-	Active	NO
2	U29299MH1992PTC064675	STATOMAT SPECIAL MACHINES (INDIA) PRIVATE LIMITED	Director	1/1/1992	1/1/1992	30/04/2009	Active	NO
3	U91110MH1992NPL068102	NAOROJI GODREJ CENTRE FOR PLANT RESEARCH	Director	10/8/1992	10/8/1992	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
5	L31300MH1989PLC054356	PRECISION WIRES INDIA LIMITED	Director	25/09/1992	25/09/1992	-	Active	NO
6	U29294MH1993PTC072222	ISS HICARE Private Limited	Director	31/05/1993	31/05/1993	18/06/2009	Active	NO
7	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	3/1/1995	3/1/1995	-	Active	NO
8	U74999MH1960PLC011759	LAWKIM LIMITED	Managing director	16/08/1997	16/08/1997	-	Active	YES
9	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Managing director	30/05/2002	30/05/2002	28/07/2008	Active	NO

Name :

Mr. Fali P. Sarkari

Designation :

Director

Address :

Sethna Bhabha Bldg., 3^rd Floor, Banaji Fire Temple Compound, Mumbai – 400002, Maharashtra, India.

Date of Birth/Age :

29.02.1932

Date of Appointment :

13.01.1998

DIN :

00066085

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	13/01/1998	13/01/1998	-	Active	NO
2	U52110DL1981PTC011384	TROPICANA ENTERPRISES PRIVATE LIMITED	Director	24/09/2001	2/4/2001	-	Active	NO
3	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	30/01/2002	30/01/2002	-	Active	NO
4	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	1/9/2004	1/9/2004	30/06/2008	Active	NO

Name :

Mr. Navroze Jamshyd Godrej

Designation :

Whole Time Director

Date of Birth/Age :

10.06.1982

Address :

40-D, B.G. Khar Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Appointment :

01.05.2010

DIN :

03049821

Name :

Mr. Phiroze D. Lam

Designation :

Executive Director and President

Address :

21/23 Mistry Park, 77 B Desai Road, Mumbai – 400036, Maharashtra, India.

Date of Birth/Age :

06.03.1945

Date of Appointment :

01.10.2003

DIN :

00066218

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28990MH1996PLC104088	GODREJ EFACEC AUTOMATION AND ROBOTICS LIMITED	Director	22/11/1996	22/11/1996	-	Active	NO
2	U28112TN1992PLC023798	MERCURY MANUFACTURING COMPANY LIMITED	Director	1/4/1997	1/4/1997	-	Active	NO
3	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	1/4/2011	1/10/2003	-	Active	NO

Name :

Mr. Kyamas A. Palia

Designation :

Executive Director (Finance)

Address :

7C, Wadia Street, Tardeo, Mumbai – 400034, Maharashtra, India.

Date of Birth/Age :

22.11.1945

Date of Appointment :

01.10.2003

DIN :

00281971

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U28112TN1992PLC023798	MERCURY MANUFACTURING COMPANY LIMITED	Director	11/11/1992	11/11/1992	Active	NO
2	L72200MH1994PLC077342	GEOMETRIC LIMITED	Director	26/03/1994	26/03/1994	Active	NO
3	U28990MH1996PLC104088	GODREJ EFACEC AUTOMATION AND ROBOTICS LIMITED	Director	22/11/1996	22/11/1996	Active	NO
4	U32100MH1997PLC106135	GODREJ INFOTECH LIMITED	Director	1/1/1999	1/1/1999	Active	NO
5	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	1/4/2011	1/10/2003	Active	NO
6	U65991MH2006PTC160076	AROHAN TRUSTEE COMPANY PRIVATE LIMITED	Director	28/03/2006	28/03/2006	Active	NO

Name :

Mr. Pradeep P. Shah

Designation :

Director

Address :

72-A, Embassy Apartments, 46 Napean Sea Road, Mumbai – 400006, Maharashtra, India.

Date of Birth/Age :

07.01.1953

Date of Appointment :

10.08.2004

DIN :

00066242

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U15419GJ1982PLC005071	SHAH FOODS LIMITED	Director	18/03/1982	18/03/1982	-	Active	NO
2	L31400GJ1972PLC002091	PANASONIC ENERGY INDIA COMPANY LIMITED	Director	5/5/1992	5/5/1992	-	Active	NO
3	U74120MH1994PTC082219	INDASIA FUND ADVISORS PRIVATE LIMITED	Director	20/10/1994	20/10/1994	-	Active	NO
4	L72200MH1994PLC082110	SONATA SOFTWARE LIMITED	Director	14/07/1998	14/07/1998	-	Active	NO
5	L24231MH1950PLC008311	PFIZER LIMITED	Director	7/12/1999	7/12/1999	-	Active	NO
6	L33112MH1943FLC003972	BASF INDIA LIMITED	Director	31/01/2000	31/01/2000	-	Active	NO
7	U99999MH1986PLC062170	WARTSILA INDIA LIMITED	Director	13/12/2000	13/12/2000	29/06/2010	Active	NO
8	L63030MH1950GOI008033	SHIPPING CORPORATION OF INDIA LIMITED	Director	24/01/2003	24/01/2003	29/01/2007	Active	NO
9	U65999MH2002PLC134884	ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED	Director	12/6/2003	12/6/2003	-	Active	NO
10	L72200MH1978PLC020127	PATNI COMPUTER SYSTEMS LIMITED	Director	12/11/2003	12/11/2003	12/5/2011	Active	NO
11	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	10/8/2004	10/8/2004	-	Active	NO
12	L18101KA2004PLC033475	GOKALDAS EXPORTS LIMITED	Director	28/01/2005	28/01/2005	21/08/2007	Active	NO
13	L65990MH1990PLC056669	VAKRANGEE SOFTWARES LIMITED	Director	3/3/2006	3/3/2006	28/11/2008	Active	NO
14	L26593MH1950PLC008163	GRINDWELL NORTON LIMITED	Director	6/3/2006	6/3/2006	-	Active	NO
15	L24202MH1920PLC000825	KANSAI NEROLAC PAINTS LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
16	U85100MH1991PLC063096	WOCKHARDT HOSPITALS LIMITED	Director	11/6/2007	15/05/2007	8/5/2009	Active	NO
17	L99999MH1937PLC002726	MUKAND LIMITED	Director	29/07/2008	27/09/2007	-	Active	NO
18	U28110AP1996PTC023794	INDO-US MIM TEC PRIVATE LIMITED	Director	29/09/2008	27/10/2007	-	Active	NO
19	L67200MH1937PLC002622	TATA INVESTMENT CORPORATION LIMITED	Director	8/7/2009	19/06/2008	-	Active	NO
20	L29120MH1960PLC011635	K S B PUMPS LIMITED	Director	7/4/2011	21/06/2008	-	Active	NO
21	U67190MH2008PTC181421	C3 ADVISORS PRIVATE LIMITED	Director	23/09/2009	24/11/2008	-	Active	NO
22	L85190MH1947PLC005963	WYETH LIMITED	Director	19/07/2011	31/03/2010	-	Active	NO
23	U74900MH2010PTC201683	Pangea EcoNetAssets Private Limited	Director	5/4/2010	5/4/2010	-	Active	NO
24	U17114MH2000PLC126018	REID & TAYLOR (INDIA) LIMITED	Additional director	30/07/2010	30/07/2010	-	Active	NO
25	U74990MH2010PTC206204	UNIVERSAL TRUSTEES PRIVATE LIMITED	Director	28/07/2011	16/02/2011	-	Active	NO
26	U63090WB2011PTC165284	C.D. AVIATION (INDIA) PRIVATE LIMITED	Director	23/07/2011	23/07/2011	-	Active	NO

Name :

Mrs. Anita Ramchandran

Designation :

Additional Director

Address :

13 Navroze Apartments, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India.

Date of Birth/Age :

28.04.1955

Date of Appointment :

28.04.2007

DIN :

00118188

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L72200DL1986PLC023955	HCL INFOSYSTEMS LIMITED	Director	28/08/1998	20/08/1998	-	Active	NO
2	L72200MH1994PLC077342	GEOMETRIC LIMITED	Director	27/03/2000	27/03/2000	-	Active	NO
3	U74140MH2000PTC127159	CEREBRUS CONSULTANTS PRIVATE LIMITED	Director	13/06/2000	13/06/2000	-	Active	NO
4	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Director	11/9/2004	11/9/2004	-	Active	NO
5	U91990MH2005NPL151790	SWADHAAR FINACCESS	Director	3/12/2005	3/12/2005	8/11/2008	Active	NO
6	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	5/12/2006	5/12/2006	-	Active	NO
7	U74140MH2000PTC130064	CONNEXUS CONSULTANTS PRIVATE LIMITED	Director	13/04/2007	13/04/2007	-	Strike off	NO
8	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	10/9/2007	28/04/2007	-	Active	NO
9	U65991KA2001PTC028827	UTI VENTURE FUNDS MANAGEMENT COMPANY PRIVATE LIMITED.	Nominee director	24/04/2008	24/04/2008	-	Active	NO
10	U65990MH2007PTC175181	Swadhaar FinServe Private Limited	Director	20/08/2010	17/09/2008	-	Active	NO

Name :

Mr. Anil Kumar Verma

Designation :

Whole time Director

Address :

902-B, Fantasia, Raheja garden, LBS Road, Thane – 400604, Maharashtra, India.

Date of Birth/Age :

22.06.1957

Date of Appointment :

01.10.2008

DIN :

02366334

KEY EXECUTIVES

Name :	Mr. Percy Eruch Fauzdar
Designation :	Company Secretary
Address :	B-13 Godrej Baug, Off Napeansea Road, Mumbai -400026, Maharashtra, India.
Date of Birth	17.06.1956
Date of Appointment :	22.11.1994
PAN :	AAAPF2250R

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
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.

Products :

Item Code No. (ITC Code)	940310.01
Product Description	Steel Furniture for Offices
Item Code No. (ITC Code)	841821.00
Product Description	Household Furniture
Item Code No. (ITC Code)	830300.00
Product Description	Safes, Safe Deposit Lockers and other Security Equipments

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.

Exports:

v Bangladesh

v Sri Lanka

v Thailand

v Egypt

v Indonesia

v Vietnam

v U.A.E.

v Tunisia

v Kenya

v Dubai

v Yemen

v Australia

PRODUCTION STATUS as on 31.03.2010

PARTICULARS	Unit	Installed Capacity	Actual production
Steel Furniture	Tonnes	60000	39410
Security Equipment	Tonnes	21000	13478
Typewriters	Nos.	40000	3604
Locks	Nos.	4740000	1063231
Home Appliances	Nos.	2100000	1298828
Furniture and Fixtures [primarily of metal]	Nos.	1050000	46405
Press Tools, Jigs, Fixtures, Gauges, Dies, Cutting Tools, etc.	Rs. ‘000	1000000	1882340
Process Plant and Equipment	Rs. ‘000	4000000	4578300
Forklift Trucks	Nos.	2400	1640
Electric Motors	Nos.	1520000	79938
Ready Mix Concrete	M3	334500	220.748

GENERAL INFORMATION

No. of Employees :

9700 (Approximately)

Bankers :

v Central Bank of India, 1^st Floor, Mumbai Main Office Building, Fort, Mumbai – 400 023, Maharashtra, India

v Union Bank of India, Mumbai – 400 021, Maharashtra, India

v Citibank N. A., 293, Dr. D. N. Road, Mumbai – 400 001, Maharashtra, India

v BNP Paribas, Mumbai – 400 001, Maharashtra, India

v Standard Chartered Grindlays Bank Limited, Mumbai – 400 001, Maharashtra, India

v State Bank of Patiala, Mumbai - 400 021, Maharashtra

v Axis Bank Limited, Mumbai – 400 001, Maharashtra

v The Hong Kong and Shanghai Banking Corporation Limited, Mumbai – 400 001, Maharashtra

v ICICI Bank Limited, Mumbai – 400 021, Maharashtra

v Export-Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe parade, Mumbai – 400005, Maharashtra, India.

Facilities :

Secured Loans	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)
Working capital facilities from banks (net) secured by a first pari passu charge by way of hypothecation of inventories and book debts	0.000	188.661
Export Credit from Export-Import Bank of India under a revolving credit limit secured by first equitable mortgage of specified immovable properties situated at Vikhroli, Mumbai	1756.000	3185.685
Term Loans from Housing Development Finance Corporation Limited secured by first equitable mortgage of specified immovable properties situated at vikhroli, Mumbai	40.000	80.000
Term Loan from Central Bank of India secured by exclusive charge by way of hypothecation of specified machinery and equipment	700.000	850.000
Term Loan from Corporation Bank secured by first equitable mortgage of specified immovable properties situated at Vikhroli, Mumbai	--	66.380
Total	2496.000	4370.726
Of the Above repayable within a year	240.000	256.380

Unsecured Loans	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)
Deposit from companies	3.500	4.100
Fixed deposits and loans
Fixed deposits	1515.240	971.589
Loans guaranteed by a director	0.282	1.250
Interest – free loans under the sales tax deferral schemes	708.918	756.714
Total	2227.940	1733.653
Of the above repayable within a year	343.949	290.209

Banking Relations :

--

Auditors :

Kalyaniwala and Mistry

Chartered Accountants

Address :

Maneckji Wadia Building, 127, Mahatma Gandhi Road, Mumbai – 400 023, Maharashtra, India

Subsidiaries :

· Godrej Industries Limited

CIN : L24241MH1988PLC097781

· Godrej Infotech Limited

CIN : U32100MH1997PLC106135

· Wadala Commodities Limited

CIN : L15142MP1984PLC002382

· Godrej (Singapore) PTE. LTD.

· Godrej (Malaysia) SDN. BHD.

· Veromatic International BV

· Overseas Establishments

Other Associates :

• Geometric Limited
• Godrej Sara Lee Limited
• Godrej and Khimji (Middle East) LLC (incorporated in Oman)

Joint Venture Company :

• Godrej Efacec Automation and Robotics Limited

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
	Sundry Creditors	8137.674	5787.031	6628.540
	Current Liabilities	6206.843	6334.248	5220.603
	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		5193.010	3448.203	2371.056
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 IN FOREIGN CURRENCY
	FOB Value of Export		3741.509	4846.242	2256.588
	Dividend		2.198	2.036	2.542
	Royalty		3.356	4.055	2.684
	Others		78.780	116.722	61.355
	TOTAL EARNINGS		3825.843	4969.055	2323.169
	IMPORTS
	Raw Materials		2406.698	3441.002	2214.887
	Stores & Spares		39.613	99.513	163.125
	Capital Goods		218.876	300.494	287.074
	Others		2868.852	3048.466	2306.840
	TOTAL IMPORTS		5534.039	6889.475	4971.926
	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

DETAILS OF SUNDRY CREDITORS

(Rs. In Millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors
Micro, Small and Medium Enterprises	257.795	89.373	0.000
Others	7879.879	5697.658	6628.540
Total	8137.674	5787.031	6628.540

CONTINGENT LIABILITIES

Contingent Liabilities Not Provided For:

(a) Guarantees given by the Company’s Bankers against counter-guarantees given by the Company Rs.5118.579 millions (as at 31-3-2009: Rs. 4999.906 million).

(b) Guarantees given by the Company’s Bankers on behalf of subsidiary/associate companies against counter guarantees given by the Company: Rs. 34.585 millions (as at 31-3-2009: Rs. 12.649 millions).

(c) Guarantees given by Export-Import Bank of India, against the security of first equitable mortgage of specified immovable properties situated at Vikhroli, Mumbai: Rs. 1341.449 millions (as at 31-3-2009: Rs.2635.480 millions).

(d) Excise Duty/Service Tax/Sales Tax demands in dispute and pending at various stages of appeal: Rs.378.482 (as at 31-3-2009: Rs.221.538 millions).

(e) The State of Maharashtra has filed a suit against the Company, being Suit No. 679 of 1973, in the High Court of Judicature at Bombay, claiming ownership of part of the Company’s lands at Vikhroli, Mumbai. In the said Suit, which is still pending, various claims have been raised, which are undetermined and not acknowledged as debts due by the Company. According to the Company’s legal advisers, the Company has a complete defence against the plaintiff in the said Suit, and the said Suit is not sustainable.

(f) Claims against the Company under the Industrial Disputes Act, 1947 - amount indeterminate.

(g) Disputed Provident Fund liability for the period March 1996 to September 1997 arising on account of disapproval of infancy benefit: Rs.5.300 millions (as at 31-3-2009: Rs.5.068 millions).

(h) Other Claims against the Company not acknowledged as debt: Rs.123.800 millions (as at 31-3-2009: Rs. 107.890 millions).

Note: Future cash outflows in respect of items (d) to (h) above are determinable only on receipt of judgements/decisions pending with various forums/authorities.

History:

The company was incorporated on 3^rd March, 1932 at Mumbai in Maharashtra having company Registration Number 1828.

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 Urban Land (Ceiling and Regulation) Act 1976 came into force. Otherwise, the going was smooth throughout. As of today, about 3,600 tenements stand erected in different sizes of one/two/three/ four-room flats with kitchen along with a few bungalows for top management executives on the hillside. There are three Godrej housing colonies in Vikhroli, located at the Creekside, Hillside and Station Road, where the employees live comfortably in spacious rooms - quite unheard of in Mumbai.

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 China)

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.

Fixed Assets:-

v Freehold Land

v Leasehold Land

v Freehold Buildings

v Leasehold Buildings

v Staff and Workmen Quarters

v Machinery

v Vehicles

v Furniture and Fixtures

v Other Equipments.

Form : 8

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 India of the company

Pirojsha nagar, Vikhroli, Mumbai - 400 079, Maharashtra

Type of charge

Book Debts

Movable Property

Particular of charge holder

Name :	Central Bank of India,
Address :	1^st Floor, Mumbai Main Office Building, Fort, Mumbai – 400 023, Maharashtra, India
Email :	cfbcbi@rediffmail.com

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 5^th 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 India or any statutory body.

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 India –Rs. 550.000 Millions, Axis Bank Limited – Rs. 900.000 Millions, Citibank N.A.-Rs. 1200.000 Millions, ICICI Bank Limited Rs. 1750.000 Millions, State Bank of Patiala – Rs. 200.000 Millions, totaling to Rs. 9600.000 Millions.

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 India of the company	Pirojsha nagar, Vikhroli, Mumbai - 400 079, Maharashtra, India
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 & Boyce Mfg.Co.Ltd., ("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	All those pieces and parcels of leasehold land at Vikhroli i.e. Plant No. 3 (admeasuring 33,220.48 sq.mt.), Survey No. 35(pt), CTS No.31/7 together with all buildings and structures thereon. All those pieces and parcels of leasehold land at Vikhroli i.e. Plant No. 5 (admeasuring 35,817.20 sq.mt.), Survey No. 35(pt), CTS No. 31 (pt), together with all buildings and structures thereon. All those pieces and parcels of leasehold land at Vikhroli i.e. Plant No. 8 (admeasuring 8,471 sq.mt.), Survey No. 35(pt), CTS No.31/2 together with all buildings and structures thereon All those pieces and parcels of leasehold land at Vikhroli i.e. Plant No. 12 (admeasuring 23,382 sq.mt.), Survey No.56(pt), 57(pt), CTS No. 7(pt), together with all buildings and structures thereon.
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

SCHEME OF AMALGAMATION OF GODREJ CONSUMERBIZ LIMITED. AND GODREJ HYGIENE CARE LIMITED.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 Ltd. (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, Maharashtra, on 15th October, 2009 and the Scheme took effect from that date.

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 9^th November, 2009, in lieu of 33,326,400 equity shares of Re. 1 each held by the Company in GCBL.

Website Details :

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 Bombay, Vikhroli for Environmental Conservation.

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 India's first order for manufacture and supply of Umbilical fuelling and separation mechanism for PSLV / GSLV, for Indian Space Research Organisation (ISRO).

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 Fuelling Machine Bridge and Carriage Assemblies, for Nuclear Reactors.

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 Brussels on the Prima typewriter

1994 - Obtains ISO 9001 certification

1995 - Pioneers the promotion of digital multimedia projectors in India

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 India to introduce special pressure doors for Marine Applications.

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 - Iraq's invasion of Kuwait

1997 - A blast at a major refinery site in South India

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 Laboratory, USA

· 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 India.

1989 - First company to introduce PUF ( Polyurethane Foam)

1989 - Introduces India's first and only 100% CFC, HCFC, HFC free refrigerators

1989 - First company to sell 10 million appliances

1994 - 1st Company in India to sell 10 million appliances.

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 India to launch Branded Customer Service – SMARTCARE

2001 - Launches Pentacool Refrigerators with Revolutionary Five Side Cooling.

2002 - 1st and only Company in India to make its Entire Refrigerator Range Green (100% CFC, HCFC and HFC free).
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 India to introduce Steam Microwave Oven.

· Declared the Most Trusted Refrigerator Brand in India by Reader’s Digest.

· 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 - India's most popular locks Brand

1995 - Launches 'Ultra technology' locks in India for the first time.

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 Goa.

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 India's top 10 'Homegrown Brands' by PITCH magazine.

2005 - Introduces ‘Shakti’ brand of Locks

2005 - Obtains OHSAS 18001 Certification

2006 - * Forms global alliances with EVVA (Austria) and SALTO (Spain) to offer Indian consumers sophisticated

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 India.

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 India.

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 India

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 India.

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 India

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 India with capability to manufacture both Trays and Equipment

1990 - Establishes in-house capability for Electro-Polishing-first Order for 22 Reactors for Penicillin G Product

1994 - Order from Hitachi Zosen, Japan, for Cupro Nickel Line Water Boxes for Desalination Plant in Saudi Arabia

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, Jamnagar.

1998 - Obtains ISO-9001 Accreditation.

2000 - Arrives on the international scene - executes major order from UHDE for Qafco Project at Qatar.

2001 - Jacobs, USA, orders 2 large Towers for the Conoco Philips Refinery at Louisiana

2001 - UHDE orders High-Pressure Heat Exchangers for Safco Project in Saudi Arabia

2001 - Obtains SQL Licence and becomes qualified for export to China

2003 - Commences construction of Company’s own sea-going jetty

2004 - First supply of six large pressure vessels made to Australia for Burrup Fertilisers.

2004 - First supply of two large Towers (the heaviest and longest equipment to have been shipped out of the city of Mumbai), to Conoco Phillips, Refinery, USA.

2004 - Polypropylene Reactor successfully fabricated and delivered to Reliance Industries Limited, Jamnagar Refinery.
2005 - Wins high value export orders from Bechtel, London and Houston for supply of critical thick-walled Pressure

Vessels and Columns for GASCO-OGD III and AGD II Gas Processing Project in the Abu Dhabi.

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 Chile, South America.

2005 - Successfully delivers on-time critical high-pressure thick-walled ULSD Reactors (3 Nos.) to St. Charles Refinery of Valero refining Company, USA and surpasses the previous supply record in terms of weight.
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, Saudi Arabia.
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, Oman for Kauther Gas Plant.

2006 - Commissioned large CNC Vertical Turret Lathe to accommodate jobs upto 5 Mtrs diameter.

Material Handling Equipment

1963 - Manufactures first Forklift Truck in India in collaboration with Clark Material Handling Company of USA

1977 - Manufactures Diesel Forklift Truck with indigenous Automatic Transmission

1985 - Manufactures first 8 Tonne Diesel Forklift Truck

1989 - Becomes Market Leader in India

1996 - Ties up with Crown, USA for sale of Warehousing Products

1997 - Obtains ISO 9001 certification

2000 - New generation GX Series Forklifts launched

2002 - Obtains ISO 14001 certification

2003 - Crosses market share of 50% in India

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. MOOG, U.S.A.,

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 India to achieve this fete.

1996 - ISO 14001 certification - First division in Godrej to get this certification and amongst the first in India to get this honor.

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 India for compressed air.

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 Mysore order value 0.700 Millions.

2000 - Involvement from concept to commissioning of CII-Sohrabji Godrej green business centre – Hyderabad. 1st Platinum Leed certified (by USGBC) bldg. In India and 1st platinum rated green building outside U S A (HND was involved as reg. Tech. Input was concerned and lots more).

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, UK to be their sole specialist partner for India to sell their intelligent controllers for Air Compressors.

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 - USA and Shenzhen Sullair Asia industrial company (SSAI) - China to sell and service screw compressors in India.

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 Lucknow

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 America lab

2006 - Agency agreement with Centroid USA to sell their CNC Controllers.

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 Bangalore 7 towers work.

2006 - Executed the Prestigious IMTEX -07 work

2006 - Facilitated commissioning project of  Wipro software development centre at Gurgaon, 2nd platinum certified bldg. In India.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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.47.46
UK Pound	1	Rs.74.95
Euro	1	Rs.65.79

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.