MIRA INFORM REPORT

Report Date :

09.12.2013

IDENTIFICATION DETAILS

Name :	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED
Registered Office :	Pirojsha nagar, Vikhroli, Mumbai – 400079, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
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.]	MUMG00108D / MUMG06742B / MUMG05774G
PAN No.: [Permanent Account No.]	AAACG1395D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Consumer Durables, Industrial Products and Others.
No. of Employees :	Information declined by the management

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well established and a reputed Godrej group company having fine track record. 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. There appears some dip in profitability of the company during current year. However, 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	AA- (Long Term Rating)
Rating Explanation	High degree of safety it carry very low credit risk.
Date	05.12.2013

Rating Agency Name	CRISIL
Rating	A1+ (Short Term Rating)
Rating Explanation	Very strong degree of safety it carry very low credit risk.
Date	05.12.2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE

[CONTACT NO.: 91-22-67961300]

LOCATIONS

Registered/ Head Office/ Factory 1 :	Pirojsha Nagar, Vikhroli, Mumbai - 400079, Maharashtra, India
Tel. No.:	91-22-67961300/ 67965106/ 67965656/ 67965959
Fax No.:	91-22-67961518/ 67961509
E-Mail :	info@godrej.com mumbaibr@godrej.com kap@godrej.com pef@godrej.com
Website :	www.godrejandboyce.com www.godrej.com
Factory 2 :	Apollo Square Building, Plot No. 60, Sahaney Sujan Park, Lullanagar, Pune - 411040, Maharashtra, India
Branch Offices :	Located at: · Ahmedabad · Kochi · Bangalore · Kolkata · Bhopal · Lucknow · Bhubaneswar · New Delhi · Mohali · Patna · Chennai · Pune · Raipur · Guwahati · Ranchi · Secunderabad · Haridwar · Jaipur · Visakhapatnam

DIRECTORS

AS ON 02.09.2013

Name :

Mr. Jamshyd Naoroji Godrej

Designation :

Managing Director

Address :

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

Date of Birth :

24.01.1949

Qualification :

B.S., (Mech. Engg.) (Illinois Institute of Technology, Chicago)

Experience :

39 Years

Date of Appointment :

01.04.2011

PAN No.:

AACPG0840L

Voter ID No.:

MT/04/024/099982

DIN No.:

00076250

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Managing director	01/04/2011	07/10/1974	-	Active	NO
2	U74999MH1960PLC011759	LAWKIM LIMITED	Director	21/02/1977	21/02/1977	-	Amalgamated	NO
3	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	12/06/1984	12/06/1984	-	Active	NO
4	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	07/03/1988	07/03/1988	-	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	10/06/2008	Active	NO
7	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
8	U85110KA1992GOI013570	ANTRIX CORPORATION LIMITED	Director	27/11/1992	27/11/1992	11/05/2013	Active	NO
9	L72200MH1994PLC077342	GEOMETRIC LIMITED	Director	25/03/1994	25/03/1994	-	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	08/08/1994	08/08/1994	-	Amalgamated	NO
11	U65991MH1995PLC087722	TATA TRUSTEE COMPANY LIMITED	Director	21/05/1996	21/05/1996	26/04/2012	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	01/03/2001	01/03/2001	-	Active	NO
14	U72900MH2001PLC134244	3D PLM SOFTWARE SOLUTIONS LIMITED	Director	23/01/2002	23/01/2002	17/04/2007	Active	NO
15	U24240MH1997PTC105714	HERSHEY INDIA PRIVATE LIMITED	Director	12/07/2002	12/07/2002	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 LIMITED	Director	31/07/2012	02/11/2004	-	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	01/04/2005	01/04/2005	03/05/2011	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	10/07/2008	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	05/10/2009	05/10/2009	-	Active	NO
26	U80211DL2008NPL185825	WWF INDIA FOUNDATION	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
28	U29290MH1973GAP016420	INDIAN MACHINE TOOL MANUFACTURERS ASSOCIATION	Director	29/08/2012	29/08/2012	-	Active	NO
29	U74900KA2012NPL067059	IMTMA MACHINE TOOL INDUSTRY PARK	Director	06/12/2012	06/12/2012	-	Active	NO
30	AAA-1480	RKN ENTERPRISE LLP	Designated Partner	01/06/2010	01/06/2010	-	Active	NO
31	AAA-1481	JNG ENTERPRISE LLP	Designated Partner	01/06/2010	01/06/2010	-	Active	NO
32	AAA-1485	GODREJ & BOYCE ENTERPRISE LLP	Body corporate as Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Adi Barjorji Godrej

Designation :

Director

Address :

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

Date of Birth :

03.04.1942

Qualification :

B.S., M.S. (Engg. and Indl. Mgmt.) (MIT, USA)

Date of Appointment :

30.04.1973

Voter ID No.:

MT/04/024/273279

DIN No.:

00065964

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	30/04/1973	30/04/1973	-	Active	NO
2	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
4	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	08/06/1984	08/06/1984	-	Active	NO
5	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	10/06/2008	Active	NO
6	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	07/03/1988	07/03/1988	-	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	08/08/1994	08/08/1994	-	Amalgamated	NO
11	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	02/04/2011	13/11/1997	-	Active	NO
12	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Whole-time director	01/04/2013	29/11/2000	-	Active	NO
13	U24240MH1997PTC105714	HERSHEY INDIA PRIVATE LIMITED	Director	01/07/2002	01/07/2002	27/09/2012	Active	NO
14	U74140MH2002PTC136070	EUREKA OUTSOURCING SOLUTIONS PRIVATE LIMITED	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
15	U15432MH1952PTC169547	NUTRINE CONFECTIONERY COMPANY PRIVATE LIMITED	Director	19/06/2007	30/06/2006	27/09/2012	Active	NO
16	U51909MH2007PLC168675	GODREJ HYGIENE PRODUCTS LIMITED	Director	13/03/2007	13/03/2007	-	Amalgamated	NO
17	U18101MH1977PTC181783	SARALEE HOUSEHOLD & BODYCARE INDIA PRIVATE LIMITED	Director	02/07/2007	02/07/2007	-	Amalgamated	NO
18	AAA-1483	NBG ENTERPRISE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO
19	AAA-1484	ABG VENTURE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Nadir Burjorji Godrej

Designation :

Director

Address :

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

Date of Birth :

26.08.1951

Qualification :

B.S. (Chem. Engg) (MIT, USA); M.S. (Chem. Engg.) (Stanford, USA) M.B.A. (Harvard, USA)

Date of Appointment :

27.09.1990

PAN No.:

AADPG7643Q

Voter ID No.:

MT/04/024/099721

DIN No.:

00066195

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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	Whole-time director	01/04/2011	07/03/1988	-	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	ISPRAVA TECHNOLOGIES LIMITED	Director	07/09/1992	07/09/1992	-	Active	NO
8	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	08/08/1994	08/08/1994	-	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	U24240MH1997PTC105714	HERSHEY INDIA PRIVATE LIMITED	Director	01/07/2002	01/07/2002	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	MMODAL GLOBAL SERVICES PRIVATE LIMITED	Director	02/01/2006	02/01/2006	11/09/2007	Active	NO
16	U15432MH1952PTC169547	NUTRINE CONFECTIONERY COMPANY PRIVATE 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	06/12/2006	06/12/2006	-	Active	NO
19	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	12/08/2008	12/03/2008	-	Active	NO
20	U15122MH2006PLC163857	GODREJ OIL PALM LIMITED	Director	16/06/2008	08/05/2008	-	Amalgamated	NO
21	U15142MH1996PLC224176	CAUVERY PALM OIL LIMITED	Director	07/07/2008	08/05/2008	-	Amalgamated	NO
22	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Director	06/07/2009	24/06/2008	-	Active	NO
23	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	03/08/2009	07/11/2008	-	Active	NO
24	AAA-1483	NBG ENTERPRISE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO
25	AAA-1484	ABG VENTURE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Vijay Mohan Crishna

Designation :

Whole-time director

Address :

A-261, Grand Parade Apartments, Off August Kranti Marg, Mumbai – 400026, Maharashtra, India.

Date of Birth :

08.03.1945

Qualification :

B.A. (Economics) (Hons.)

Experience :

36 Years

Date of Appointment :

01.04.2011

PAN No.:

AACPC1580F

Voter ID No.:

MT/04/024/009615

DIN No.:

00066267

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	01/04/2011	27/09/1990	-	Active	NO
2	U29299MH1992PTC064675	STATOMAT SPECIAL MACHINES (INDIA) PRIVATE LIMITED	Director	01/01/1992	01/01/1992	30/04/2009	Active	NO
3	U91110MH1992NPL068102	NAOROJI GODREJ CENTRE FOR PLANT RESEARCH	Director	10/08/1992	10/08/1992	-	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	03/01/1995	03/01/1995	-	Active	NO
8	U74999MH1960PLC011759	LAWKIM LIMITED	Managing director	16/08/1997	16/08/1997	-	Amalgamated	NO
9	U74140MH2002PTC136070	EUREKA OUTSOURCING SOLUTIONS PRIVATE LIMITED	Managing director	30/05/2002	30/05/2002	28/07/2008	Active	NO
10	AAA-1482	SVC ENTERPRISE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Kavas Noshirwan Petigara

Designation :

Director

Address :

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

Date of Birth :

10.07.1948

Qualification :

B.S, S.M. (Ch.E.) (MIT, USA)

Date of Appointment :

29.09.1988

Voter ID No.:

MT/04/024/108029

DIN No.:

00066162

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
2	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY 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	01/09/2004	01/09/2004	30/06/2008	Active	NO

Name :

Mr. Phiroze Dinshaw Lam

Designation :

Whole-time director

Address :

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

Date of Birth :

06.03.1945

Qualification :

B.A., LLB, Solicitor

Date of Appointment :

01.04.2011

Voter ID No.:

MT/04/024/240827

DIN No.:

00066218

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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	01/04/1997	01/04/1997	-	Active	NO
3	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	01/04/2011	01/10/2003	-	Active	NO

Name :

Mr. Kyamas Ardeshir Palia

Designation :

Whole-time director

Address :

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

Date of Birth :

22.11.1945

Qualification :

M.Com., D.M.A., FCA, FICWA, Ph.D. (USA)

Date of Appointment :

01.04.2011

Voter ID No.:

MT/04/024/465963

DIN No.:

00281971

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP 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	01/01/1999	01/01/1999	Active	NO
5	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	01/04/2011	01/10/2003	Active	NO
6	U65991MH2006PTC160076	AROHAN TRUSTEE COMPANY PRIVATE LIMITED	Director	28/03/2006	28/03/2006	Active	NO

Name :

Mr. Pradip Panalal Shah

Designation :

Director

Address :

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

Date of Birth :

07.01.1953

Qualification :

B.Com., C.A., ICWA, M.B.A. (Harvard, USA)

Date of Appointment :

10.08.2004

Voter ID No.:

JRW1344530

DIN No.:

00066242

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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	05/05/1992	05/05/1992	-	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	07/12/1999	07/12/1999	-	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	12/06/2003	12/06/2003	30/09/2011	Active	NO
10	L72200MH1978PLC020127	IGATE COMPUTER SYSTEMS LIMITED	Director	12/11/2003	12/11/2003	12/05/2011	Active	NO
11	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	10/08/2004	10/08/2004	-	Active	NO
12	L18101KA2004PLC033475	GOKALDAS EXPORTS LIMITED	Director	28/01/2005	28/01/2005	21/08/2007	Active	NO
13	L65990MH1990PLC056669	VAKRANGEE LIMITED	Director	03/03/2006	03/03/2006	28/11/2008	Active	NO
14	L26593MH1950PLC008163	GRINDWELL NORTON LIMITED	Director	06/03/2006	06/03/2006	-	Active	NO
15	L24202MH1920PLC000825	KANSAI NEROLAC PAINTS LIMITED	Director	30/01/2007	30/01/2007	-	Active	NO
16	U85100MH1991PLC063096	WOCKHARDT HOSPITALS LIMITED	Director	11/06/2007	15/05/2007	08/05/2009	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	13/12/2012	Active	NO
19	L67200MH1937PLC002622	TATA INVESTMENT CORPORATION LIMITED	Director	08/07/2009	19/06/2008	-	Active	NO
20	L29120MH1960PLC011635	K S B PUMPS LIMITED	Director	07/04/2011	21/06/2008	-	Active	NO
21	U67190MH2008PTC181421	C.C.CHOKSHI ADVISORS PRIVATE LIMITED	Director	23/09/2009	24/11/2008	06/08/2012	Active	NO
22	L85190MH1947PLC005963	WYETH LIMITED	Director	19/07/2011	31/03/2010	-	Active	NO
23	U74900MH2010PTC201683	PANGEA ECONETASSETS PRIVATE LIMITED	Director	05/04/2010	05/04/2010	-	Active	NO
24	U17114MH2000PLC126018	REID & TAYLOR (INDIA) LIMITED	Additional director	30/07/2010	30/07/2010	10/08/2012	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
27	U40300GJ2012PTC072458	HELIOS GREENTECH PRIVATE LIMITED	Director	26/10/2012	26/10/2012	-	Active	NO

Name :

Mrs. Anita Ramchandran

Designation :

Director

Address :

2401-2402, ‘A’ Wing, Raheja Atlantis, Ganpatrao Kadam, Marg, Worli Naka, Mumbai - 400018, Maharashtra, India

Date of Birth :

28.04.1955

Qualification :

B.Com., M.B.A.

Date of Appointment :

10.09.2007

DIN No.:

00118188

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L72200DL1986PLC023955	HCL INFOSYSTEMS LIMITED	Director	28/08/1998	20/08/1998	08/07/2013	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	11/09/2004	11/09/2004	-	Active	NO
5	U91990MH2005NPL151790	SWADHAAR FINACCESS	Director	03/12/2005	03/12/2005	08/11/2008	Active	NO
6	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	05/12/2006	05/12/2006	20/10/2011	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	10/09/2007	28/04/2007	-	Active	NO
9	U65991KA2001PTC028827	UTI VENTURE FUNDS MANAGEMENT COMPANY PRIVATE LIMITED.	Nominee director	24/04/2008	24/04/2008	24/10/2011	Active	NO
10	U65990MH2007PTC175181	SWADHAAR FINSERVE PRIVATE LIMITED	Director	20/08/2010	17/09/2008	-	Active	NO
11	U65900MH2011PTC217430	UTI CAPITAL PRIVATE LIMITED	Additional director	19/09/2011	19/09/2011	24/10/2011	Active	NO
12	L65993TN2004PLC052856	RANE (MADRAS) LIMITED	Director	18/07/2013	15/10/2012	-	Active	NO

Name :

Mr. Anil Kumar Verma

Designation :

Whole time Director

Address :

Flat No. 902-B, 9^th Floor, Fantasia CHS Limited, Raheja Garden, Teen Haath Naka, LBS Road, Thane – 400604, Maharashtra, India

Date of Birth :

22.06.1957

Qualification :

B. Tech (Elec.) PGDBM (IIM, Ahmedabad)

Date of Appointment :

01.04.2011

Voter ID No.:

ZMH3498706

DIN No.:

02366334

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	01/04/2011	01/10/2008	Active	NO

Name :

Mr. Navroze Jamshyd Godrej

Designation :

Director

Address :

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

Date of Birth :

10.06.1982

Qualification :

B.A. (Mass Comm. and French)

Date of Appointment :

23.08.2010

PAN No.:

AECPG7092J

DIN No.:

03049821

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	23/08/2010	01/05/2010	Active	NO
2	U73100DL2011NPL228097	GLOBAL INNOVATION & TECHNOLOGY ALLIANCE	Nominee director	24/12/2012	08/10/2012	Active	NO

Name :

Mr. Keki Manchersha Elavia

Designation :

Additional director

Address :

2A, Anand Bhavan, 36^th Road, Bandra [West], Mumbai - 400050, Maharashtra, India

Date of Birth :

09.04.1946

Date of Appointment :

27.09.2012

Voter ID No.:

MT/08/036/0322815

DIN No.:

00003940

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L23109GA1967PLC000076	GOA CARBON LIMITED	Director	22/12/2006	22/01/2001	-	Active	NO
2	U74140MH2001PTC131839	MAZARS BUSINESS ADVISORS PRIVATE LIMITED	Director	02/05/2001	02/05/2001	23/03/2009	Active	NO
3	L27100MH1972PLC015950	UNI-ABEX ALLOY PRODUCTS LIMITED	Director	28/05/2001	28/05/2001	-	Active	NO
4	U27200MH1977PLC019857	UNI DERITEND LIMITED	Director	12/09/2002	12/09/2002	-	Active	NO
5	U31909MH1983PLC029134	UNI KLINGER LIMITED	Director	21/02/2003	21/02/2003	02/01/2013	Active	NO
6	U51420MH1943PTC004002	BOMBAY METAL AND ALLOYS MFG COMPANY PRIVATE LIMITED	Director	19/04/2004	19/04/2004	25/05/2007	Active	NO
7	U29297PN1988PLC046977	SULZER INDIA LIMITED	Director	29/04/2004	29/04/2004	06/02/2011	Active	NO
8	U01100MH1988PLC049515	GROVER ZAMPA VINEYARDS LIMITED	Director	22/12/2005	22/12/2005	01/09/2010	Active	NO
9	L63010MH2004PLC073508	ALLCARGO LOGISTICS LIMITED	Director	29/09/2006	14/01/2006	-	Active	NO
10	L29130MH1965PLC013251	NRB BEARINGS LIMITED (FULL FLEDGED PUBLIC COMPANY)	Director	30/01/2006	30/01/2006	-	Active	NO
11	U24239MH1992PTC069533	ZEST PHARMACEUTICALS PRIVATE LIMITED	Director	18/04/2006	18/04/2006	-	Strike off	NO
12	U30006KA2006PTC040491	SOLECTRON INDIA PRIVATE LIMITED	Director	13/09/2006	13/09/2006	03/10/2007	Amalgamated	NO
13	L32109KA2006PLC040641	SOLECTRON EMS INDIA LIMITED	Additional director	03/08/2007	03/08/2007	23/01/2008	Amalgamated	NO
14	U29253MH2008PTC179766	UNI VTL PRECISION PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	NO
15	U51397MH2008FTC185402	PARAZELSUS INDIA PRIVATE LIMITED	Director	04/08/2008	04/08/2008	03/04/2012	Active	NO
16	L34102UP1988PLC010141	INSILCO LIMITED	Director	24/07/2009	02/12/2008	-	Active	NO
17	U65990WB2009PLC134536	PEERLESS TRUST MANAGEMENT COMPANY LIMITED	Director	09/04/2009	09/04/2009	-	Active	NO
18	L11200MH2005PLC154793	GOL OFFSHORE LIMITED	Director appointed in casual vacancy	15/09/2009	15/09/2009	09/11/2011	Active	NO
19	L24100MH1960PLC011681	DAI-ICHI KARKARIA LIMITED	Director	21/07/2011	22/02/2011	-	Active	NO
20	U73100MH2011NPL220003	RAPTOR RESEARCH AND CONSERVATION FOUNDATION	Director	21/07/2011	21/07/2011	-	Active	NO
21	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	27/09/2012	01/05/2012	-	Active	NO
22	L26593MH1950PLC008163	GRINDWELL NORTON LIMITED	Director	24/07/2013	26/07/2012	-	Active	NO
23	L99999MH1995PLC089008	DEVELOPMENT CREDIT BANK LIMITED	Director	05/06/2013	12/10/2012	-	Active	NO
24	U31200KA2009PLC049167	BUSBAR SYSTEMS (INDIA) LIMITED	Director	08/08/2013	31/01/2013	-	Active	NO
25	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	10/08/2013	28/05/2013	-	Active	NO
26	U70102MH2013PTC242495	WONDER SPACE PROPERTIES PRIVATE LIMITED	Director	28/06/2013	28/06/2013	-	Active	NO

KEY EXECUTIVES

Name :	Percy Erach Fouzdar
Designation :	Secretary
Address :	B-13, Godrej Baug, Off Napeansea Road, Mumbai - 400026, Maharashtra, India
Date of Birth/Age :	17.06.1956
Date of Appointment :	22.11.1994
PAN No.:	AAAPF2250R
Voter ID No.:	MT/04/024/051540
Name :	Antao A B
Designation :	Executive Vice President
Name :	Dumasia C N
Designation :	Vice President
Name :	Gandhi P K
Designation :	Chief Operating Officer
Name :	Gandhi S C
Designation :	Senior Vice President
Name :	Mathew A P
Designation :	Associate Vice President
Name :	Mehta Subodh Kumar
Designation :	Senior Vice President
Name :	Narvekar D D
Designation :	Vice President

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 02.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

AS ON 02.09.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	26.77
Directors or relatives of directors	49.47
Other top fifty shareholders	23.76
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Consumer Durables, Industrial Products and Others.

Products/ Services :

ITC Code No.	Product Descriptions
99999999	Consumer Durables, Industrial Products and Others

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

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

v Central Bank of India, Corporate Finance Branch, Central Bank of India Building, 1st Floor, M.G. Road, Mumbai - 400023, Maharashtra, India

v Housing Development Finance Corporation Limited, Ramon House 169 Backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra, India

v Corporation Bank, Industrial Finance Branch, Bhavrat House No.104, Ground Floor, Bombay Samachar, Mumbai - 400023, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Term loans from banks	11.250	179.900
SHORT TERM BORROWINGS
Working capital loans from banks	2387.490	3513.940
Total	2398.740	3693.840
LONG TERM BORROWINGS i) Term Loan from the Zoroastrian Co-operative Bank Limited is secured by way of hypothecation of specified machinery and equipment. It carries an interest rate of Minimum Lending Rate minus 3.50% p.a. (11.00% p.a. as at 31-03-2013), and is repayable in one final installment of Rs. 40.000 Millions due on 17-03-2014. ii) Term Loan from Corporation Bank is secured by first equitable mortgage of specified immovable properties situated at Vikhroli, Mumbai. It carries an interest rate of Base Rate plus 3.25% p.a. (13.35% p. a. as at 31-03-2013), and is repayable in one final installment of Rs. 24.900 Millions due on 30-06-2013. iii) Term Loan from Central Bank of India is secured by exclusive charge by way of hypothecation of specified machinery and equipment. It carries an interest rate of Base Rate plus 1.50% p.a. (11.75% p.a. as at 31-03-2013), and is repayable in 2 equal quarterly installments of Rs. 50.000 Millions each, due on 29-04-2013 and 29-07-2013. iv) Term Loan from HDFC is secured by first equitable mortgage of specified immovable properties situated at Vikhroli, Mumbai. It carries an interest rate of HDFC-CPLR minus 4.75% p.a. (12.75% p.a. as at 31-03-2013), and is repayable in 48 monthly installments of Rs. 0.312 Million each, beginning from 30-04-2013 and continuing upto 31-03-2017. v) Interest-free Loans under the Sales Tax Deferral Schemes of various State Governments are payable in quarterly and annual installments as may be prescribed in the Schemes, beginning from 20-04-2013 and continuing upto 01-04-2023. vi) Fixed Deposits from employees and public carry interest rates ranging from 8.00% p.a. to 10.25% p.a. payable monthly or half-yearly, and have a maturity period of 3 years from the respective dates of deposit. SHORT TERM BORROWINGS i) Working Capital Facilities from Banks [including Rs. 661.394 Millions due and payable in foreign currency (as at 31-3-2012: Rs. 693.295 Millions] are secured by a first pari passu charge by way of hypothecation of inventories and book debts. They carry interest rates ranging from 10.70% p.a. to 13.25% p.a. and are generally renewable each year; foreign currency borrowings carry lower interest rates of around 3.00% p.a. ii) Export Credits from Export-Import Bank of India are secured by first equitable mortgage of specified immovable properties situated at Vikhroli, Mumbai. They carry an interest rate of 10.00% p.a., and are payable/ renewable after 180 days. iii) Deposits from Companies carry an interest rate of 10.00% p.a. payable quarterly, and have a maturity period of 3 months or 6 months from the respective dates of deposit. iv) Deposits from Shareholders have a maturity period of 3 months from the respective dates of deposit, and carry an interest rate of 10.25% p.a. payable at maturity. v) In respect of Negotiable Commercial Paper, the maximum balance outstanding during the year was Rs. 2500.000 Millions (Previous Year: Rs. 1500.000 Millions). vi) Other Borrowings are Buyers Credit from Banks, due and payable in foreign currency, and carry interest rates ranging from 1.05% to 1.50% p.a.

Banking Relations :	--
Auditors :
Name :	Kalyaniwalla and Mistry Chartered Accountants
Address :	Maneckji Wadia Building, 127, Mahatma Gandhi Road, Mumbai – 400023, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAFK7554R
Shareholder with a substantial interest in voting power:	Godrej Investments Private Limited [U65990MH1975PTC018480] (Holds 26.77% of the equity share capital of the Company)
Subsidiaries (with the Company's direct equity holdings in excess of 50%):	v Godrej Industries Limited [L24241MH1988PLC097781] v Godrej Infotech Limited [U32100MH1997PLC106135] v Wadala Commodities Limited [L15142MP1984PLC002382] v Godrej (Malaysia) Sdn. Bhd. v Godrej (Singapore) Pte. Limited v Veromatic International BV v Busbar Systems (India) Limited [U31200KA2009PLC049167] (formerly Busbar Systems (India) Private Limited), (a Wholly-owned subsidiary w.e.f. 1st February, 2013) (name changed w.e.f. 15th March, 2013)
Subsidiaries of Godrej Industries Limited :	v Godrej Agrovet Limited (GAVL) v Godrej Properties Limited [L74120MH1985PLC035308] v Ensemble Holdings and Finance Limited v Godrej International Limited (incorporated in the Isle of Man) v Natures Basket Limited [U15310MH2008PLC182816] v Godrej International Trading and Investments Pte Limited (Incorporated in Singapore) (a subsidiary of Godrej Industries Limited w.e.f. 1st August, 2011) v Swadeshi Detergents Limited (a subsidiary of Godrej Industries Limited w.e.f. 20th March, 2013)
Subsidiaries of GAVL :	v Golden Feed Products Limited v Godrej Seeds and Genetics Limited (a subsidiary of GAVL w. e. f. 6th June, 2011) v Goldmuhor Agrochem and Feeds Limited (a subsidiary of GAVL w.e.f. 2nd January, 2013)
Subsidiaries of GPL :	v Godrej Realty Private Limited v Godrej Waterside Properties Private Limited v Godrej Real Estate Private Limited v Godrej Developers Private Limited v Godrej Sea View Properties Private Limited v Happy Highrises Limited v Godrej Estate Developers Private Limited v Godrej Buildwell Private Limited v Godrej Buildcon Private Limited v Godrej Projects Development Private Limited v Godrej Premium Builders Private Limited v Godrej Garden City Properties Private Limited v Godrej Nandhi Hills Project Private Limited v Godrej Landmark Redevelopers Private Limited (a subsidiary of Godrej Projects Development Private Limited w.e.f. 14^th March, 2012) v Godrej Redevelopers (Mumbai) Private Limited (Subsidiary of Godrej Projects Development Private Limited w.e.f. 8th February, 2013)
Subsidiary of Godrej (Malaysia) Sdn. Bhd.:	G&B Enterprises (Mauritius) Private Limited (incorporated in Mauritius) (a wholly-owned subsidiary of Godrej (Malaysia) Sdn. Bhd.)
Subsidiaries of Godrej (Singapore) Pte. Limited :	v JT Dragon Pte. Limtied (Incorporated in Singapore) v Godrej (Vietnam) Company Limited (Incorporated in Vietnam) (a wholly owned subsidiary of JT Dragon Pte. Limited)
Subsidiaries of Veromatic International BV :	v Veromatic Services BV (incorporated in the Netherlands) v Water Wonder Benelux BV (incorporated in the Netherlands)
Other Subsidiaries :	v Mercury Manufacturing Company Limited [U28112TN1992PLC023798] v Godrej Consumer Products Limited [L24246MH2000PLC129806] (GCPL) I. Subsidiaries and Sub-subsidiaries of GCPL: v Godrej South Africa (Proprietary) Limited (formerly, Rapidol (Pty) Limited) (incorporated in South Africa) v Godrej Netherlands BV (incorporated in the Netherlands) v Godrej Global Mid East FZE (incorporated in Sharjah, U.A.E.) v Godrej Consumer Products Mauritius Limited v Godrej Hygiene Products Limited v Godrej Consumer Products Holding (Mauritius) Limited (incorporated in Mauritius) v Godrej Household Products Lanka (Private) Limited (incorporated in Sri Lanka) v Godrej Household Products (Bangladesh) Private Limited (incorporated in Bangladesh) v Godrej Consumer Products Bangladesh Limited (incorporated in Bangladesh) v Godrej Mauritius Africa Holdings Limited (incorporated in Mauritius) v Godrej Weave Holdings Limited (incorporated in Mauritius) (a subsidiary of Godrej Mauritius Africa Holdings Limited) v Godrej Consumer Products (UK) Limited (incorporated in the United Kingdom) (a subsidiary of Godrej Netherlands BV) v Keyline Brands Limited (a subsidiary of Godrej Consumer Products (UK) Limited) v Inecto Manufacturing Limited (a subsidiary of Keyline Brands Limited) v Godrej Kinky Holdings Limited (a subsidiary of Godrej Consumer Products Mauritius Limited) v Kinky Group Pty Limited (a subsidiary of Godrej Kinky Holdings Limited) v Godrej Nigeria Limited (incorporated in Nigeria) (a subsidiary of Godrej Consumer Products Mauritius Limited) v Indovest Capital Limited (incorporated in Malaysia) (a subsidiary of Godrej Consumer Products Holding (Mauritius) Limited) v Godrej Consumer Products Dutch Cooperatief UA, (incorporated in the Netherlands) (a subsidiary of Godrej Consumer Products Holding (Mauritius) Limited) v Godrej Consumer Holdings (Netherlands) BV (incorporated in the Netherlands) (a subsidiary of Godrej Consumer Products Dutch Cooperatief UA) v Godrej Consumer Products (Netherlands) BV (incorporated in the Netherlands) (a subsidiary of Godrej Consumer Products Dutch Cooperatief UA ) v Godrej Indonesia Netherlands Holding BV (incorporated in the Netherlands) (a subsidiary of Godrej Consumer Products Dutch Cooperatief UA) v PT Megasari Makmur (incorporated in Indonesia) (a subsidiary of Godrej Consumer Holdings (Netherlands) BV) v PT Intrasari Raya (incorporated in Indonesia) (a subsidiary of Godrej Consumer Holdings (Netherlands) BV) v PT Simba Indosnack Makmur (incorporated in Indonesia) (a subsidiary of Godrej Consumer Holdings (Netherlands) BV) v PT Ekamas Sarijaya (incorporated in Indonesia) (a subsidiary of Godrej Consumer Holdings (Netherlands) BV) v PT Indomas Susemi Jaya (incorporated in Indonesia) (a subsidiary of Godrej Consumer Holdings (Netherlands) BV) v PT Sarico Indah (incorporated in Indonesia) (a subsidiary of Godrej Consumer Holdings (Netherlands) BV) v Godrej Argentina Dutch Cooperatief UA (incorporated in Netherlands) (a subsidiary of Godrej Consumer Products Mauritius Limited) v Godrej Netherlands Argentina Holding BV. (incorporated in Netherlands) (a subsidiary of Godrej Argentina Dutch Cooperatief UA) v Godrej Netherlands Argentina BV (incorporated in the Netherlands) (a subsidiary of Godrej Argentina Dutch Cooperatief UA) v Panamar Procuccioness Srl (incorporated in Argentina) (a subsidiary of Godrej Netherlands Argentina BV) v Argencos S.A. (incorporated in Argentina) (a subsidiary of Godrej Netherlands Argentina BV) v Laboratoria Cuenca S.A. (incorporated in Argentina) (a subsidiary of Godrej Netherlands Argentina BV) v Issue Group Uruguay S.A. (incorporated in Uruguay) (a subsidiary of Laboratoria Cuenca S.A.) v Deciral S.A. (incorporated in Uruguay) (a subsidiary of Laboratoria Cuenca S.A.) v Issue Group Brazil Limited (incorporated in Brazil) (a subsidiary of Laboratoria Cuenca S.A.) v Consell S.A. (incorporated in Argentina) (a subsidiary of Laboratoria Cuenca S.A.) v Godrej Consumer Products Nepal Private Limited v Subinite Pty Limited (incorporated in South Africa) (a subsidiary of Weave Business Holdings Mauritius Private Limited) v Lorna Nigeria Limited (incorporated in Nigeria) (a subsidiary of Weave Business Holdings Mauritius Private Limited) v Weave IP Holding Mauritius Private Limited (incorporated in Mauritius) (a subsidiary of Weave Business Holdings Mauritius Private Limited) v DGH Mauritius Private Limited (incorporated in Mauritius) (a subsidiary of Godrej Weave Holdings Limited) v Weave Business Holdings Mauritius Private Limited (incorporated in Mauritius) (a subsidiary of DGH Phase Two Mauritius Private Limited) v Weave Trading Mauritius Private Limited (incorporated in Mauritius) (a subsidiary of Godrej Weave Holdings Limited) v Hair Trading (offshore) S. A. L. (incorporated in Lebanon) (a subsidiary of Weave Trading Mauritius Private Limited) v Weave Mozambique Limitada (incorporated in Mozambique) (a subsidiary of Weave Business Holdings Mauritius Private Limited) v Godrej Consumer Investments (Chile) Spa, (incorporated in Chile) (a subsidiary of Godrej Netherlands BV w.e.f. 5th April, 2012) v Godrej Holdings (Chile) Limitada, (incorporated in Chile) (a subsidiary of Godrej Consumer Investments Spa w.e.f. 5th April, 2012) v Cosmetica Nacional, (incorporated in Chile) (a subsidiary of Godrej Holdings (Chile) Limitada w.e.f. 20^th April, 2012) v Plasticos Nacional, (incorporated in Chile) (a subsidiary of Cosmetica Nacional w.e.f. 20th April, 2012) v Godrej East Africa Holdings Limited (incorporated in Mauritius) (a subsidiary of Godrej Consumer Products Limited w.e.f. 20th July, 2012) v Style Industries Limited (incorporated in Kenya) (a subsidiary of DGH Phase Two Mauritius Private Limited w.e.f. 1^st November, 2012) v DGH Phase Two Mauritius Private Limited (incorporated in Mauritius) (a subsidiary Godrej East Africa Holdings Limited w.e.f. 1st November, 2012) v Godrej Tanzania Holdings Limited (incorporated in Mauritius) (a subsidiary of Godrej Consumer Products Limited w.e.f. 30th November, 2012) v DGH Tanzania Limtied (incorporated in Tanzania) (a subsidiary of Godrej Tanzania Holdings Limited w.e.f. 6^th December, 2012)
Enterprises over which the Company’s Chairman and Managing Director, Mr. J. N. Godrej, is able to exercise significant influence:	v Geometric Limited [L72200MH1994PLC077342] v Godrej and Boyce Enterprises LLP v JNG Enterprise LLP v RKN Enterprise LLP
Joint Venture Company :	Godrej Efacec Automation and Robotics Limited [U28990MH1996PLC104088]
Other Associates :	v Godrej and Khimji (Middle East) LLC (incorporated in Oman) v LVD Godrej Infotech NV (incorporated in Belgium) v ABG Venture LLP v NBG Enterprise LLP v SVC Enterprise LLP v Godrej Vikhroli Properties LLP v Godrej Buildcorp LLP v Godrej Property Developers LLP v Sheetak Inc., USA v Future Factory LLP v Mosaic Landmarks LLP

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1,100,000	Equity Shares	Rs. 100/- each	Rs. 110.000 Millions
900,000	Preference Shares	Rs. 100/- each	Rs. 90.000 Millions
	Total		Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
662,910	Equity Shares	Rs. 100/- each	Rs. 66.291 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	66.291	66.291	66.291
(b) Reserves & Surplus	26672.187	23162.820	14776.334
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	26738.478	23229.111	14842.625
(3) Non-Current Liabilities
(a) long-term borrowings	4374.387	2062.362	2328.725
(b) Deferred tax liabilities (Net)	661.862	423.881	432.581
(c) Other long term liabilities	1480.505	1367.046	528.786
(d) long-term provisions	429.774	409.374	219.357
Total Non-current Liabilities (3)	6946.528	4262.663	3509.449
(4) Current Liabilities
(a) Short term borrowings	5791.940	5115.791	6790.481
(b) Trade payables	7912.783	8340.922	8618.458
(c) Other current liabilities	13516.431	11539.803	8415.978
(d) Short-term provisions	1436.252	1313.436	1146.050
Total Current Liabilities (4)	28657.406	26309.952	24970.967
TOTAL	62342.412	53801.726	43323.041
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12252.718	11205.890	8465.264
(ii) Intangible Assets	20.494	20.595	15.429
(iii) Capital work-in-progress	2255.301	929.628	1476.679
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4830.691	4586.960	4688.078
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1264.286	1398.044	1309.952
(e) Other Non-current assets	8922.746	8252.062	1050.173
Total Non-Current Assets	29546.236	26393.179	17005.575
(2) Current assets
(a) Current investments	25.000	25.000	25.000
(b) Inventories	14583.847	10660.036	12258.944
(c) Trade receivables	13729.946	12845.492	12389.959
(d) Cash and cash equivalents	339.381	336.261	60.015
(e) Short-term loans and advances	2458.655	2066.945	1326.701
(f) Other current assets	1659.347	1474.813	256.847
Total Current Assets	32796.176	27408.547	26317.466
TOTAL	62342.412	53801.726	43323.041

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	68093.333	62200.001	55337.288
		Other Income	1052.131	968.508	889.078
		TOTAL	69145.464	63168.509	56226.366
Less	EXPENSES
		Cost of materials consumed	27342.205	23019.676	21638.783
		Purchases of stock-in-trade	17066.526	14617.681	14996.151
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(2354.452)	1803.397	(2327.468)
		Employee benefit expense	8434.851	7314.627	6308.607
		Other expenses	13589.219	11436.084	9467.067
		TOTAL	64078.349	58191.465	50083.140
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		5067.115	4977.044	6143.226
Less	FINANCIAL EXPENSES		1050.510	1059.231	655.330
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		4016.605	3917.813	5487.896
Less/ Add	DEPRECIATION/ AMORTISATION		771.468	675.415	581.902
	EXCEPTIONAL ITEMS		1060.318	7559.992	14.484
	PROFIT BEFORE TAX		4305.455	10802.390	4920.478
Less	TAX		851.520	1255.330	930.725
	PROFIT AFTER TAX		3453.935	9547.060	3989.753
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		17624.695	10198.208	7557.308
Less	APPROPRIATIONS
		Proposed Equity Dividend: 1600% (Previous Year: 1500%)	1060.656	994.365	795.492
		Corporate Dividend Tax (Net)	127.104	108.157	80.098
		Transfer to General Reserve	350.055	1018.051	473.263
	BALANCE CARRIED TO THE B/S		19540.815	17624.695	10198.208
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods on FOB basis	3907.586	2991.554	4257.555
		Dividend	1.076	0.903	2.637
		Freight recovered	104.284	92.699	203.325
	TOTAL EARNINGS		4012.946	3085.156	4463.517
	IMPORTS
		Raw Materials	3752.176	3223.630	3019.755
		Spare Parts and Components	226.528	68.892	70.824
		Capital Goods	818.496	584.283	943.267
		Finished Goods	4550.197	4009.953	4814.465
	TOTAL IMPORTS		9347.397	7886.758	8848.311
	Earnings Per Share (Rs.)		5210.00	14402.00	6019.00

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	5.00	15.11	7.10
Net Profit Margin (PBT/Sales)	(%)	6.32	17.37	8.89
Return on Total Assets (PBT/Total Assets}	(%)	5.69	22.37	13.24
Return on Investment (ROI) (PBT/Networth)		0.16	0.47	0.33
Debt Equity Ratio (Total Debt/Networth)		0.38	0.31	0.61
Current Ratio (Current Asset/Current Liability)		1.14	1.04	1.05

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	Yes
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS
Bench:- Bombay
Presentation Date: 20.09.2013
Lodging No:-	ITXAL/1943/2013	Failing Date:-	20.09.2013
		Main Matter
Petitioner:-	COMMISSIONER OF INCOME TAX 10-		Respondent:-	M/S. GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED
Petn.Adv:-	ARVIND PINTO
District:-	MUMBAI
Bench:-	DIVISION		Category:-	TAX APPEALS
Status:-	Pre-Admission		Stage:-
Last Date:-	27/09/2013
Last Coram:-	REGISTRAR(OS)/PROTHONOTARY & SR. MASTER
Act:-	Income Tax Act, 1961			Under Section : 260A

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10363787	27/06/2012	85,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI - 400020, MAHARASHTRA, INDIA	B42926675
2	10277642	17/03/2011	80,000,000.00	THE ZOROASTRIAN CO-OPERATIVE BANK LIMITED	MAHIM BRANCH,DELTA APARTMENTS, GROUND FLOOR, SOONAWALLA AGIARY LANE, MAHIM, MUMBAI - 400016, MAHARASHTRA, INDIA	B09631623
3	10123585	22/08/2013 *	6,800,000,000.00	EXPORT-IMPORT BANK OF INDIA	CENTRE ONE BUILDING,FLOOR 21, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA	B82846320
4	10005578	04/05/2006	30,000,000.00	UNION BANK OF INDIA LIMITED	MAHARASHTRA, INDIA	A01022086
5	90236467	14/10/2005	140,000,000.00	CENTRAL BANK OF INDIA	CORPORATION FINANCE BRANCH, CENTRE BANK BUILDING MG ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA	-
6	80026323	14/10/2005	940,000,000.00	CENTRAL BANK OF INDIA	CHANDARMUKHI, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	-
7	90236366	22/07/2005 *	40,000,000.00	UTI BANK LIMITED	UNIVERSAL INCURANCE, PM ROAD, MUMBAI - 400001, MAHARASHTRA, INDIA	-
8	90236303	27/09/2011 *	14,900,000,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH, CENTRAL BANK OF INDIA BUILDING, 1ST FLOOR, M.G.ROAD, MUMBAI - 400079, MAHARASHTRA, INDIA	B23452899
9	90231075	14/12/2000	20,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
10	90236032	29/09/2000	200,000,000.00	EXPORT IMPORT BANK OF INDIA	CENTRE ONE BUILDING, WORLD TREDE CENTRE, MUMBAI - 400005, MAHARASHTRA, INDIA	-
11	90231011	19/03/1999	5,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
12	90230877	29/01/1996	130,000,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
13	90230736	15/03/1993	75,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
14	90230726	13/10/1992	10,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
15	90230697	24/11/1992 *	70,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
16	90230691	27/01/1992	25,000,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
17	90230685	20/12/1991 *	63,500,000.00	UNION BANK OF INDIA	INDUSTRIAL FINANCE BRANCH, NARIMAN POINT, BOMBAY, MAHARASHTRA, INDIA	-
18	90230627	28/07/1990	4,000,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
19	90230621	28/05/1990	1,212,100.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
20	90230617	04/04/1990	20,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
21	90230612	17/09/1990 *	17,500,000.00	THE HONGKONG & SHANGAHI BANKING CORPORATION	52/60MAHARTMA GANDHI ROAD, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
22	90230581	19/04/1989	15,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
23	90230578	21/03/1989	893,500.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
24	90230576	17/03/1989	1,721,400.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
25	90230574	28/02/1989	41,800.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
26	90230573	04/04/1990 *	30,000,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
27	90230563	10/01/1989	1,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
28	90230547	03/08/1988	418,100.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
29	90230541	07/07/1988	223,800.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
30	90230538	10/06/1988	1,875,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
31	90230536	06/06/1988	5,000,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
32	90230491	27/03/1987	1,045,400.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
33	90230468	27/10/1986	1,800,000.00	UNION BANK OF INDIA	B.S. MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
34	90230422	10/05/1985	550,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
35	90230418	25/03/1985	580,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
36	90230413	07/02/1985	1,712,000.00	THESARASWAT CO-OPRATIVE BANK LIMITED	SARASWAT BANK BUILDINGS, NIKADWARI LANE, BOMBAY, MAHARASHTRA, INDIA	-
37	90230350	12/08/1982	3,000,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
38	90230349	20/07/1982	2,500,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
39	90230335	30/09/1981	1,800,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
40	90230319	16/12/1980	2,500,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
41	90230308	12/05/1980	935,400.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
42	90230259	15/07/1975	61,065.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
43	90230257	30/04/1975	825,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
44	90230244	21/01/1974	572,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
45	90230235	02/03/1973	1,500,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
46	90230233	05/12/1972	500,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
47	90230225	12/05/1972	550,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
48	90230219	18/10/1971	500,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
49	90230212	30/07/1970	300,000.00	THESARASWAT CO-OPRATIVE BANK LIMITED	SARASWAT BANK BUILDINGS, NIKADWARI LANE, BOMBAY, MAHARASHTRA, INDIA	-
50	90231327	20/12/1968	500,000.00	THE UNION BANK OF INDIA LIMITED.	66/80; APOLLO STREET, MUMBAI, MAHARASHTRA, INDIA	-
51	90230196	17/07/1968	500,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
52	90230195	15/07/1968	200,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
53	90230192	09/01/1968	200,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
54	90230189	01/07/1967	41,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
55	90230188	02/06/1967	500,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
56	90230185	04/03/1967	200,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
57	90230184	06/12/1966	300,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
58	90230183	24/09/1966	1,000,000.00	UNION BANK OF INDIA	B.S. MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
59	90230182	04/07/1966	700,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
60	90230181	30/05/1966	200,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
61	90230179	07/02/1966	100,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
62	90230177	12/10/1965	300,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
63	90230175	15/01/1965	150,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
64	90230171	22/09/1964	100,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
65	90230170	28/07/1964	800,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
66	90230169	04/05/1964	100,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
67	90230167	17/01/1964	200,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
68	90230164	30/09/1963	200,000.00	THE UNION BANK OF INDIA LIMITED	66/80; APPOOLO STREET, FORT BOMBAY, BOMBAY, MAHARASHTRA, INDIA	-
69	90230162	16/04/1963	100,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
70	90230159	02/11/1962	500,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
71	90230156	09/02/1962	100,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
72	90230155	10/05/1961	100,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-
73	90230149	26/09/1960	150,000.00	UNION BANK OF INDIA	66/80 APOLLO STREET, FORT, BOMBAY, MAHARASHTRA, INDIA	-
74	90230147	11/05/1960	100,000.00	UNION BANK OF INDIA	B.S.MARG BRANCH, 66/80; B.S. MARG, BOMBAY, MAHARASHTRA, INDIA	-

* Date of charge modification

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Deferred payment liabilities	570.497	599.062
Deposits from others	3792.640	1283.400
SHORT TERM BORROWINGS
Working capital loans from banks	1532.650	340.051
Deposits from shareholders	1868.500	1258.500
Deposits from others	3.300	3.300
Total	7767.587	3484.313

CONTINGENT LIABILITIES [AS ON 31.03.2013]:

(a) Guarantees given by the Company’s Bankers against counter-guarantees given by the Company Rs. 8084.381 Millions (as at 31-03-2012: Rs. 7532.881 Millions).

(b) Guarantees given by the Company’s Bankers on behalf of subsidiary/associate companies against counter guarantees given by the Company: Rs. 45.884 Millions (as at 31-03-2012: Rs. 183.105 Millions); Guarantee given by the Company to a Banker on behalf of a subsidiary company: Rs. 160.000 Millions (as at 31-3-2012: Rs. Nil).

(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. 512.655 Millions (as at 31-03-2012: Rs. 524.224 Millions).

(d) Excise Duty/Service Tax/Sales Tax/Property Tax demands in dispute and pending at various stages of appeal:

Rs. 1175.485 Millions (as at 31-3-2012: Rs. 852.220 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. 5.797 Millions (as at 31-3-2012: Rs. 3.156 Millions). The Supreme Court of India has allowed the Company’s appeal and set aside the judgment of the High Court of Punjab and Haryana; the matter has been remanded to the Regional Provident Fund Commissioner for a fresh decision in accordance with law after hearing the parties concerned, expeditiously.

(h) Other Claims against the Company not acknowledged as debt: Rs. Nil (as at 31-03-2012: Rs. 123.800 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.

FIXED ASSETS:

v Land

v Buildings

v Plant and equipment

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PRESS RELEASES

GODREJ MULLS MOVING PLANTS FROM VIKHROLI TO CUT COST

August 28, 2013

Godrej and Boyce Manufacturing Company today said it is looking at shifting some of its manufacturing plants from Vikhroli in Mumbai to other locations to cut costs as it stares at a sales growth of less than 5 percent this fiscal due to the economic slowdown.

Godrej and Boyce Manufacturing Company today said it is looking at shifting some of its manufacturing plants from Vikhroli in Mumbai to other locations to cut costs as it stares at a sales growth of less than 5 percent this fiscal due to the economic slowdown. It is planning to shift the plants to other locations in Gujarat, Maharashtra and Uttar Pradesh. "Shifting plants out of Vikhroli will help us save cost. We will shift to locations where costs of operation are lower. We are scouting for locations for new manufacturing plants," Godrej and Boyce Manufacturing Company Executive Director Vijay M Crishna told PTI.

At present, 12 of the 14 business divisions of Godrej and Boyce have manufacturing plants at Vikhroli, in the suburbs of Mumbai, and around 7,700 people are employed there. The products made there include furniture, locks, audio/video solutions, precision engineering and security solutions. That apart, most businesses of the Godrej group and their manufacturing plants are also based in Vikhroli. When asked about the investment the company would have to make in shifting its manufacturing plants, Crishna said: "Of course, there will be significant investment but at this point of time I will not be able to give you a number." Hit by market slowdown, Godrej and Boyce is expecting less than 5 percent growth in turnover during the current fiscal amidst economic slowdown and the depreciating rupee. The company had reported turnover of Rs 22000.000 Millions in the previous financial year and growth of 10 percent. "Market was bad last year too but this year is worse. Looking at the present market conditions, we would be lucky to get out of this year in a plus position. We will grow by less than five percent," Crishna said. The rupee depreciation is putting pressure on the firm's margins as it imports components to manufacture appliances. The domestic currency today touched all time low of Rs 68.75 against the US dollar. When asked what the company plans to do to push growth, he said: "We are trying to add value to our products to make it attractive for our customers such as higher energy efficiency. Making products that are more environment friendly." Godrej is also looking at expanding its export base to improve margins due to rupee depreciation. "All business are looking at increasing exports. We are looking at markets such as Middle East where we can export our appliances. It will help us improve our margins," he added. At present, exports account for only 2 percent of the company's overall sales. On October 10, -, Godrej Boyce Mfg. Co. closed at Rs 1.00, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs and the 52-week low was Rs. The company's trailing 12-month (TTM) EPS was at Rs per share as per the quarter ended October 2013. The stock's price-to-earnings (P/E) ratio was 0. The latest book value of the company is Rs per share. At current value, the price-to-book value of the company was 0.00.

GOAL, AVARSALA AND GODREJ & BOYCE DEVELOPING PARTS WORTH RS 7000.000 MILLIONS FOR WORLD'S LARGEST TELESCOPE

Aug 2, 2013

BANGALORE: When S Murali heard about the $1.2-billion Thirty Meter Telescope (TMT), he immediately saw it as a big opportunity. Murali heads General Optics Asia Ltd (GOAL), a Pondicherry-based niche firm that makes strategic components for space and defence. But he could not make headway on his own as the TMT contracts were being awarded only to countries in a consortium.

Help came his way last week as India signed up as a partner with a 10% stake - worth at least Rs. 10000.000 Millions - in the project. Now, three Indian companies - GOAL, Bangalore-based Avasarala, and Godrej and Boyce - will develop and manufacture Rs. 7000.000 Millions worth of components for the telescope, government officials said.

The Rs. 2100.000 Millions Avasarala had earlier worked on the Large Hadron Collider for developing support for the large magnets underground. Both Avasarala and Godrej and Boyce have previously worked on sensitive defence and space projects.

These companies are set to make some critical components for the Hawaii-based telescope, one of the most ambitious projects undertaken so far in astronomy, involving the development of technologies that do not exist yet.

Participating in the project will help Indian companies to get an early start in a highly sophisticated and strategic area. "This will help us develop mirror technologies that will be available to only a few in the world," says Murali.

The other partners are the US, Japan, China and Canada.

The Thirty Meter Telescope is three times as big as any optical telescope built so far, and is the most expensive among a series of extremely large telescopes being planned around the world now. It will be able to picture the edges of the known universe, look closely at objects that cannot be seen now, image planets in other stars, and do several other things not possible so far. It is expected to bring a big shift in our understanding of the universe.

The Indian government will invest the Rs. 10000.000 Millions through the creation of an agency called TMT India. This institution will pay the private companies - in rupees - for their work.

The parts made by them will be shipped to TMT in Pasadena and later make their way to Hawaii, where the telescope is being built.

Building the Thirty Meter Telescope is not an easy job. First of all, making a single mirror with a 30-metre diameter is difficult. So the mirror is broken into components, 492 of them in all, that are assembled to a precision of a few billionths of a metre.

Each piece of mirror has sensors behind it to detect movement and actuators — a machine that can move something automatically — that can shift the mirrors to an accuracy of a few billionth of a metre.

India will make 100 of these mirrors, and the accompanying sensors and actuators. These parts are fixed on what is known as a Structure Support Assembly (SSA); the Indian companies will make it too. To manufacture 100 mirrors in time, one needs to be able to make one piece every week. Apart from GOAL, India has no expertise in optics.

Even GOAL has not worked in telescopes of this kind as India's largest is only two metres in diameter. So India is stuck with first-generation telescopes while current state-of-the-art ones belong to the fourth generation. "Only a few countries can do mirrors," says Eswar Reddy, associate professor of the Indian Institute of Astrophysics, who is coordinating the project from India. "This project can make India big in optics."

The applications of such technology are not restricted to telescopes as the mirrors will be used in satellites, future fusion reactors and medical imaging. GOAL will also make what are known as edge sensors, which provide information about the height and tilt of the mirrors. Godrej and Boyce and Avasarala will make the Structure Support Assembly for all the mirrors. SSAs require precision engineering, and the ability to use certain steel and aluminium alloys.

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 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 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. 61.67
UK Pound	1	Rs. 100.6
Euro	1	Rs. 84.25

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	NTH

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	Yes
--OTHER ADVERSE INFORMATION	YES/NO	No
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	No
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	Yes
--LISTED	YES/NO	No
--OTHER MERIT FACTORS	YES/NO	Yes
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
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.