MIRA INFORM REPORT

Report Date :

25.06.2014

IDENTIFICATION DETAILS

Name :	HINDUSTAN UNILEVER LIMITED
Registered Office :	Unilever House, B D Sawant Marg, Chakala, Andheri (East), Mumbai – 400099, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.10.1933
Com. Reg. No.:	11-002030
Capital Investment / Paid-up Capital :	Rs. 2162.700 Millions
CIN No.: [Company Identification No.]	L15140MH1933PLC002030
TAN No.: [Tax Deduction & Collection Account No.]	MUMH05398B / PNEH04468C
PAN No.: [Permanent Account No.]	AAACH1004N
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	manufacturing and marketing of Consumer Products like Soaps and Detergents, Personal Products, Beverages, Packaged Foods, Others etc.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aa (80)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a subsidiary of Unilever PLC and one of India’s Largest FMCG Company. It is a well-established and reputed company having excellent track record. The rating reflect HUL’s market leadership across segments in the fast-moving consumer goods (FMCG) industry supported by diverse product portfolio includes soaps and detergents, personal care products, and food as well as beverages. HUL has strong brands name across categories marked by extensive distribution network with strong advertising and marketing support. Further, rating also reflects HUL’s strong financial risk profile marked by strong liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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.

INDIAN ECONOMIC OVERVIEW

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating : AAA
Rating Explanation	Highest degree of safety and lowest credit risk.
Date	January 22, 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 DENIED

MANAGEMENT NON-COOPERATIVE

[CONTACT NO.: 91-22-39830000]

LOCATIONS

Registered Office :	Unilever House, B D Sawant Marg, Chakala Andheri (East), Mumbai – 400099, Maharashtra, India
Tel. No.:	91-22-39832429/ 39832285/ 32452
Fax No.:	91-22-39832413/ 28249457
E-Mail :	comsec.hul@unilever.com
Website :	http://www.hul.co.in
Plants :
NORTHERN REGION
LOCATION	ADDRESS
BAROTIWALA	Khasra No. 94-96, 355-409, Village Balyana, Barotiwala IA, Tehsil Kasauli, District Solan - 174103, Himachal Pradesh, India
ETAH	G. T. Road, Etah – 207001, Uttar Pradesh, India
HARIDWAR	Plot No. 1, Sector 1A, Integrated Industrial Estate, Ranipur, Haridwar - 249403, Uttaranchal, India
NALAGARH	· Hudbust No. 143, Khasra No. 182, 183, 187/1, Village - Kiralpur, Tehsil - Nalagarh, District Solan - 174101, Himachal Pradesh, India · Khasra No. 1350 – 1318, Bhatoli Kalan, Hill Top Industrial Area, Jharmajri, Tehsil Nalagarh, District Solan - 173295, Himachal Pradesh, India
ORAI	A-1, Industrial Area, UPSIDC, Orai, Jalaun - 285001, Uttar Pradesh, India
RAJPURA	A-5, Phase ll-B, Focal Point, Rajpura - 140401, Punjab, India
SUMERPUR	A-1, UPSIDC Industrial Area, Bharua, Sumerpur, Hamirpur - 210502, Uttar Pradesh, India
SOUTHERN REGION
COCHIN	· Ernakulam North PO,, Tatapuram, Cochin – 682014, Kerala, India · Edapally, Cochin – 682024, Kerala, India
HYDERABAD	Uppal Kalan, Hyderabad – 500039, Andhra Pradesh, India
CHENNAI	C.P.T. Campus, Tharamani, Chennai – 600113, Tamilnadu, India
HOSUR	Plot No.50 & 51, SIPCOT Industrial Complex, Hosur - 635109, Tamilnadu, India
BANGALORE	Suburb Stage-II, Yashwantpur, Bangalore – 560022, Karnataka, India
MANGALORE	Sultan Batter Road, Boloor, Mangalore – 575003, Karnataka, India
MYSORE	Plot No. 424, Hebbal Industrial Area, Mysore – 570016, Karnataka, India
PONDICHERRY	· Off NH 45-A, Vadamangalam, Pondicherry - 605102, India · No. 3, Cuddalore Road, Kirumambakkam, Pondicherry – 607402, India
EASTERN REGION
TINSUKIA	Dag No. 21 of 122 FS Grants, Mouza - Tingrai, Off NH No. 37, Doom Dooma Industrial Estate, Tinsukia - 786151, Assam, India
HALDIA	PO Durgachak, Haldia - 721602,Midnapore, West Bengal, India
KOLKATA	· 1, Transport Depot Road, Kolkata - 700088, West Bengal, India · 63, Garden Reach, Kolkata - 700024, West Bengal, India · P10 Taratola Road, Kolkata - 700088, West Bengal, India
WESTERN REGION
KHAMGAON	C-9, MIDC, Khamgaon - 444303, District Buldhana, Maharashtra, India
CHHINDWARA	5/6 KM Stone, Narsinghpur Road, Lehgadua, Chhindwara - 480002, Madhya Pradesh, India
CHIPLUN	Plot No. B-7, Lote Parshuram MIDC, Khed Taluka, District Ratnagiri, Chiplun – 415722, Maharashtra, India
GOA	Plot Nos. 132-139, Kundaim Industrial Estate, Kundaim, Goa – 403115, India
MUMBAI	Aarey Milk Colony, Goregaon, Mumbai – 400065, Maharashtra, India
NASIK	Plot No. A 8/9, MIDC, Malegaon, Sinnar - 422103, Maharashtra, India
SILVASSA	Survey No.151/1/1, Village Dapada, Khanvel Road, Silvassa - 396230, India Survey No. 907, Kilwali Road, Amli Village, Near Gandhidham Bus Stop, Silvassa – 396230, India Orient Press Complex, Survey No. 297/1/2, Dungrapada, Village Saily, Silvassa - 396230, India Survey No. 46/11, Plot No 16, Naroli Road, Village Athal, Silvassa – 396230, India
Overseas Customer Service Centers :	Located at: · 300, Upper Richmond Road West, London SW 14, 7GJ, United Kingdom. Tel. No. 01 878 5254 Fax No. 01 879 1839 Telex : 918112 · 303, 5^th Avenue, Suite 709, New York 10016, U.S.A Tel. No. 212 725 0679 Fax No. 212 725 0718 Telex : 220715 · Suite 507, Akasaka Q Building, 7-9-5, Akasaka, Minato-Ku, Tokyo, Japan – 107 Tel. No. 03 583 1225 Fax No. 03 505 0541 Telex : 2423450
Major Operating Units At:	Located at: · Sewree, Mumbai, Maharashtra, India · Andheri, Mumbai, Maharashtra, India · Taloja, Maharashtra, India · Garden Reach, Kolkata, West Bengal, India · Shamnagar, West Bengal, India · Bari Brahmana, Jammu, India · Haldia, Gujarat, India · Plot No. 254, Sector IV, Special Economic Zone, Kandla, Gujarat, India · Chindwara, Madhya Pradesh, India · Pondichery, Tamil Nadu, India · Yavatmal, Maharashtra, India · Pune, Maharashtra, India
Branch Office :	123, G. N. Chetty Road, T. Nagar, Chennai – 600017, Tamilnadu, India

DIRECTORS

AS ON 31.03.2014

Name :	Mr. Harish Manwani
Designation :	Chairman
Date of Birth/ Age :	59 Years
Name :	Mr. Sanjiv Mehta
Designation :	Managing Director and Chief Financial Officer
Name :	Mr. Sridhar Ramamurthy
Designation :	Executive Director, Finance and IT and Chief Financial Officer
Date of Birth/ Age :	48 Years
Name :	Mr. Pradeep Banerjee
Designation :	Executive Director, Supply Chain
Name :	Mr. A. Narayan
Designation :	Independent Director
Date of Birth/ Age :	61 Years
Name :	Mr. S. Ramadorai
Designation :	Independent Director
Date of Birth/ Age :	68 Years
Name :	Mr. O.P. Bhatt
Designation :	Independent Director
Date of Birth/ Age :	62 Years
Name :	Dr. Sanjiv Misra
Designation :	Independent Director
Date of Birth/ Age :	65 Years

KEY EXECUTIVES

MANAGEMENT COMMITTEE
Name :	Mr. Sanjiv Mehta
Designation :	Managing Director and Chief Executive Officer
Name :	Mr. Sridhar Ramamurthy
Designation :	Executive Director, Finance and IT and Chief Financial Officer
Name :	Mr. Hemant Bakshi
Designation :	Executive Director, Home and Personal Care
Name :	Mr. Pradeep Banerjee
Designation :	Executive Director, Supply Chain
Name :	Mr. Dev Bajpai
Designation :	Executive Director and Company Secretary
Name :	Ms. Geetu Verma
Designation :	Executive Director, Foods
Name :	Mr. Manish Tiwary
Designation :	Executive Director, Sales and Customer Development
Name :	Mr. B. P. Biddappa
Designation :	Executive Director and Human Resources

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2014

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
(2) Foreign
Bodies Corporate	1454412858	67.25
Sub Total	1454412858	67.25
Total shareholding of Promoter and Promoter Group (A)	1454412858	67.25
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	6171080	0.29
Financial Institutions / Banks	5208874	0.24
Central Government / State Government(s)	20	0.00
Insurance Companies	77718436	3.59
Foreign Institutional Investors	304939962	14.10
Sub Total	394038372	18.22
(2) Non-Institutions
Bodies Corporate	28267145	1.31
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	269968092	12.48
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	5211038	0.24
Qualified Foreign Investor	100	0.00
Any Others (Specify)	10798687	0.50
Directors and their Relatives and Friends	126303	0.01
Trusts	1082684	0.05
Non Resident Indians	7372906	0.34
Overseas Corporate Bodies	3600	0.00
Foreign Nationals	8006	0.00
Clearing Members	2181309	0.10
Foreign Banks	23879	0.00
Sub Total	314245062	14.53
Total Public shareholding (B)	708283434	32.75
Total (A)+(B)	2162696292	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	2162696292	100.00

Shareholding belonging to the category "Promoter and Promoter Group"

Name of the Shareholder	Details of Shares held
	No. of Shares held	As a % of grand total
Unilever PLC	1,11,43,70,148	51.53
Brooke Bond Group Limited	10,67,39,460	4.94
Unilever Overseas Holdings AG	6,87,84,320	3.18
Unilever UK & CN Holdings Limited	6,00,86,250	2.78
Brooke Bond South India Estates Limited	5,27,47,200	2.44
Brooke Bond Assam Estates Limited	3,28,20,480	1.52
Unilever Overseas Holdings BV	1,88,65,000	0.87
Total	1,45,44,12,858	67.25

Details of Locked-in Shares

Sl. No.	Name of the Shareholder	No. of Shares	Locked-in Shares as % of Total No. of Shares
1	Nitin Paranjpe	44,041	0.00
2	Nitin Paranjpe	29,481	0.00
3	Sridhar Ramamurthy	14,327	0.00
4	Sridhar Ramamurthy	13,431	0.00
5	Hemant Bakshi	10,481	0.00
6	Manish Tiwary	9,547	0.00
7	Yuri Jain	7,983	0.00
8	Leena Kumar	7,678	0.00
9	Manish Tiwary	7,012	0.00
10	Krishnan Harishankar	5,876	0.00
11	Devopam Bajpai	5,626	0.00
12	Hemant Bakshi	4,876	0.00
13	Rajgopal	4,827	0.00
14	Anshul Asawa	4,723	0.00
15	Krishnan Harishankar	4,602	0.00
16	Arun Srinivas	4,199	0.00
17	Kabir Ahmed Shakir	3,807	0.00
18	Rajgopal	3,686	0.00
19	Suyash Chauhan	3,475	0.00
20	Bijal Vikram Sheth	3,388	0.00
21	Anshul Asawa	3,282	0.00
22	Rajesh Kumar Mutreja	3,180	0.00
23	Pramod Kumar Nigam	3,161	0.00
24	Vivek Kumar Singh	3,159	0.00
25	Amrita Padda	3,143	0.00
26	Yuri Jain	3,114	0.00
27	Sreekanth Jayabalan	3,014	0.00
28	Sudarshan Kasturi	3,008	0.00
29	Samardeep Sunil Subandh	2,986	0.00
30	Pradeep Banerjee	2,985	0.00
31	Arun Srinivas	2,840	0.00
32	Munish Nandwani	2,836	0.00
33	Krishnat Bhausaheb Bhosale	2,794	0.00
34	Bijal Vikram Sheth	2,789	0.00
35	Raghuraman R	2,779	0.00
36	Rajesh Kumar Mutreja	2,749	0.00
37	Pradeep Banerjee	2,664	0.00
38	Sanjay Kumar Harlalka	2,619	0.00
39	Srinivas Phatak	2,569	0.00
40	K Vikram	2,566	0.00
41	Anuradha Razdan	2,548	0.00
42	P B Balaji	2,544	0.00
43	K Ganesh	2,531	0.00
44	Meghal Atulbhai Sheth	2,518	0.00
45	Ramesh K	2,474	0.00
46	Rajesh Sethuraman	2,447	0.00
47	Srinandan Sundaram	2,444	0.00
48	Balasubramanian Aghoramurthy	2,280	0.00
49	Sreekanth Jayabalan	2,196	0.00
50	Sanjay Kumar Harlalka	2,190	0.00
51	Sharon Pereira	2,189	0.00
52	R John George	2,157	0.00
53	Prasad Ramakant Pradhan	2,154	0.00
54	Aasif Huseini Malbari	2,112	0.00
55	Rajeev Batra	2,089	0.00
56	Devopam Bajpai	2,072	0.00
57	Aasif Huseini Malbari	2,014	0.00
58	Smita Harsh Bhosale	1,981	0.00
59	Rohit Bhasin	1,968	0.00
60	Suyash Chauhan	1,958	0.00
61	Nurani Padmanabhan Seetharam	1,891	0.00
62	Dheeraj Arora	1,822	0.00
63	Samardeep Sunil Subandh	1,816	0.00
64	Vikas Bansal	1,813	0.00
65	Vivek Subramanian	1,800	0.00
66	Vilas Sinkar	1,796	0.00
67	Sarvamangala Venkatramani	1,784	0.00
68	Ashish Bihari Lall	1,768	0.00
69	Ramesh K	1,751	0.00
70	Vikram Sridharan	1,739	0.00
71	Vivek Kumar Singh	1,706	0.00
72	Vivek Subramanian	1,695	0.00
73	Satish Kumar Goel	1,682	0.00
74	Anita Sandeep Zutshi	1,669	0.00
75	Prabha Narasimhan	1,660	0.00
76	Ajay J Vashi	1,654	0.00
77	Vivek Sirohi	1,611	0.00
78	Munish Nandwani	1,585	0.00
79	Anupam Bokey	1,585	0.00
80	Suresh Nadakatti	1,578	0.00
81	Ajay J Vashi	1,545	0.00
82	Nurani Padmanabhan Seetharam	1,544	0.00
83	Raghava Rao	1,527	0.00
84	Kedar Lele	1,446	0.00
85	Anubhav Kumar Singh	1,440	0.00
86	Meeta Manvendra Singh	1,438	0.00
87	Asha Gopalakrishnan	1,432	0.00
88	Vikram Surendran	1,403	0.00
89	Tanwar Punkaj	1,402	0.00
90	Rajesh Sethuraman	1,361	0.00
91	Krishnat Bhausaheb Bhosale	1,358	0.00
92	Sanjay K Gandhi	1,327	0.00
93	Atit Kishore Mehta	1,312	0.00
94	Sharma Kunal	1,307	0.00
95	Arnaz Bhiwandiwala	1,290	0.00
96	Dheeraj Arora	1,282	0.00
97	Dinesh Thapar	1,281	0.00
98	Sandeep Kumar	1,280	0.00
99	Supesh Jain	1,249	0.00
100	Sangeetha Rajalakshmi	1,235	0.00
101	Asha Kharga	1,235	0.00
102	Suresh Nadakatti	1,231	0.00
103	Anupam Bokey	1,229	0.00
104	Mohit Sud	1,220	0.00
105	Anjan Chatterjee	1,211	0.00
106	Sharon Pereira	1,168	0.00
107	Niraj Dhansukhlal Mistry	1,165	0.00
108	Sarvamangala Venkatramani	1,162	0.00
109	Priya Sukumar Nair	1,101	0.00
110	Ramkailash Singh Bhadouria	1,093	0.00
111	Srinandan Sundaram	1,090	0.00
112	Kedar Balwant Teny	1,089	0.00
113	Krishnan Gopinath	1,089	0.00
114	Rajendra Misra	1,082	0.00
115	Geetha R	1,073	0.00
116	Narayan Anantha Subramony	1,069	0.00
117	Narayan Anantha Subramony	1,045	0.00
118	Harman Dhillon	1,040	0.00
119	Srirup Mitra	1,040	0.00
120	Supriya Ajay Dang	1,021	0.00
121	Hemant Gundopant Badri	1,017	0.00
122	Shivaramakrishnan K	1,015	0.00
123	S Subramanyam	1,007	0.00
124	Asha Kharga	1,005	0.00
125	Nitish Bhalotia	1,001	0.00
126	Debasish Dutta	1,001	0.00
127	Vikas Bansal	1,001	0.00
128	Amrita Padda	999	0.00
129	Dinesh V Bhat	996	0.00
130	Rupeshkumar Prahaladrai Agarwal	983	0.00
131	Pramod Kumar Nigam	980	0.00
132	Mandeep Singh Tuli	968	0.00
133	Tanwar Punkaj	967	0.00
134	K V Krishnan	964	0.00
135	Anand Vinayak Deshpande	963	0.00
136	Sameer Nagarajan	959	0.00
137	Sudip Gupta	955	0.00
138	Amitava Pramanik	948	0.00
139	Hemant Goyal	946	0.00
140	Meghna Apparao	945	0.00
141	Sanjay K Gandhi	942	0.00
142	Ramkailash Singh Bhadouria	941	0.00
143	Nutan Gaba	933	0.00
144	Hardev Singh	932	0.00
145	Samiran Mahapatra	925	0.00
146	Anirban Mullick	923	0.00
147	Vrijesh Nagathan	919	0.00
148	Samiran Mahapatra	916	0.00
149	Priya Sukumar Nair	904	0.00
150	Victor Rajangam David	903	0.00
151	Gaurav Raisinghani	902	0.00
152	Pawankumar Laxmipathrao Hansoge	898	0.00
153	V K Sachdeva	894	0.00
154	Sonal Jain	887	0.00
155	R John George	886	0.00
156	Raghavendra Zunjarwad	884	0.00
157	Rajesh Razdan	880	0.00
158	Anoop Vasantakrishna Peddakotla	880	0.00
159	K V Krishnan	872	0.00
160	Anandi Shankar	871	0.00
161	Srikanth S Batni	863	0.00
162	Nagesh Keshav Pal	862	0.00
163	Alok Pandey	850	0.00
164	Ruma Kishore	846	0.00
165	Niraj Dhansukhlal Mistry	836	0.00
166	Aniket Subhash Gandhi	828	0.00
167	Neelam Ajay Solanki	827	0.00
168	Manan Gupta	826	0.00
169	Supriya Ajay Dang	820	0.00
170	K V S Murthy	819	0.00
171	Victor Rajangam David	808	0.00
172	Udit Dugar	801	0.00
173	Vilas Sinkar	801	0.00
174	Prashant Jain	800	0.00
175	Ajay Tiwari	800	0.00
176	Hariram Govind	792	0.00
177	Suman Satyanath Hegde	784	0.00
178	Aakriti Chandra	781	0.00
179	Atul Mehta	780	0.00
180	Girish Anantharaman	777	0.00
181	Shruti Thakar	775	0.00
182	Ganesh Subramanian	770	0.00
183	Shruti Kashyap	767	0.00
184	Sunanda Ramakrishnan	767	0.00
185	Udayan Dutt	766	0.00
186	Kedar Lele	757	0.00
187	Amlan Mukherjee	743	0.00
188	Inderpreet Singh	733	0.00
189	Nutan Gaba	726	0.00
190	Prashant Jain	726	0.00
191	S Subramanyam	726	0.00
192	Adarsh K	724	0.00
193	Saurin Manherlal Shah	714	0.00
194	Piyush Kumar Jain	714	0.00
195	Mazhar Abdulla Topiwala	713	0.00
196	Vijay Nehra	705	0.00
197	Gaurav Datta	694	0.00
198	Mahalakshmi Ravisankar	690	0.00
199	Madhurjya Banerjee	683	0.00
200	Srikanth S Batni	665	0.00
201	Veena More	660	0.00
202	Hariram Govind	656	0.00
203	Ruma Kishore	654	0.00
204	Atul Sinha	652	0.00
205	Rajesh Razdan	649	0.00
206	Sundaram R	648	0.00
207	T G Ramakrishnan	646	0.00
208	V Vishwanath	641	0.00
209	Deepak Saksena	638	0.00
210	Regulapati Rammohan	638	0.00
211	Jasbir Singh Nanda	634	0.00
212	Gautam Bandyopadhya	634	0.00
213	Shashwat Sharma	632	0.00
214	Amitava Pramanik	629	0.00
215	Subhra Gourisaria	599	0.00
216	Pawankumar Laxmipathrao Hansoge	597	0.00
217	Purnima Lamba	585	0.00
218	Nitin I. Vyas	584	0.00
219	Krishnaprakash N D Iyer	579	0.00
220	Ganesh Subramanian	579	0.00
221	N K Mitash	578	0.00
222	Rajesh V	575	0.00
223	Anisha Pargal	574	0.00
224	Parnil Sarin	571	0.00
225	Atul Mehta	571	0.00
226	P Aravindakshan	569	0.00
227	Kumar Aditya	562	0.00
228	Guntas Randhawa	559	0.00
229	Krishnan Sundaram	558	0.00
230	Desmond Dsouza	558	0.00
231	Muthaiah Arumugam	555	0.00
232	Yashmi Yadav	555	0.00
233	Rakesh M Asrani	551	0.00
234	N Arun	551	0.00
235	Debasish Dutta	546	0.00
236	Aparna Mukund Nadkarni	546	0.00
237	Nitin Siddheshwar Deshpande	545	0.00
238	Manan Gupta	541	0.00
239	Nitin Siddheshwar Deshpande	539	0.00
240	P Jagadish	532	0.00
241	Vandana Shivratan Sharma	524	0.00
242	Rahul Jain	524	0.00
243	Vinod Pallathu Thomas	518	0.00
244	Prashant H Kurani	514	0.00
245	V K Sachdeva	513	0.00
246	Soumya Donkada	511	0.00
247	Anand Vinayak Deshpande	510	0.00
248	Sumeet Verma	508	0.00
249	Marella Pawan Kumar	501	0.00
250	V Janardhana Iyer	493	0.00
251	Gaurav Pande	490	0.00
252	Deepak Saksena	488	0.00
253	N K Mitash	487	0.00
254	Sanmukha Rao Guniti	484	0.00
255	Jyoti Kumar Tiwari	483	0.00
256	Dinesh Thapar	480	0.00
257	Bipul Sharma	478	0.00
258	Yogesh Kumar Mishra	477	0.00
259	Gopalakrishna Rao A	476	0.00
260	Preeti Thomas	475	0.00
261	Swarnim Bhardwaj	474	0.00
262	Mohit Dhanjal	474	0.00
263	Aswath Venkataraman	471	0.00
264	Rakesh Kumar	470	0.00
265	Aakriti Chandra	469	0.00
266	Vijaykumar Kannan	469	0.00
267	Venkateswaran Krishnamoorthy	469	0.00
268	Rupeshkumar Prahaladrai Agarwal	466	0.00
269	Rajarshi Saikia	466	0.00
270	Jignesh H Shah	466	0.00
271	Vibhav Ramrao Sanzgiri	464	0.00
272	Anirban Mullick	462	0.00
273	Srinivas Phatak	462	0.00
274	Jyoti Chopra	462	0.00
275	Uday Bundelkhandi	462	0.00
276	Pradnya Mihir Sirdesai	455	0.00
277	Girish Umakant Jambekar	454	0.00
278	Rajarshi Saikia	454	0.00
279	Vijaykumar Kannan	448	0.00
280	Sundaram R	448	0.00
281	Krishnendu Dasgupta	447	0.00
282	Dhanraj K Chokappa	447	0.00
283	P C Sreekumar	445	0.00
284	Bailoor Madhava Shetty	442	0.00
285	Manjeet Sahu	442	0.00
286	G Rajashekhar	441	0.00
287	Varun Saraf	438	0.00
288	Rakesh Ravindran	435	0.00
289	Sandeep H Tanwani	428	0.00
290	Sriram Vishwanathan Iyer	424	0.00
291	Akhilesh Kumar Yadav	423	0.00
292	Jyoti Chopra	421	0.00
293	Nagesh Keshav Pal	419	0.00
294	Rahul Avinash Awasti	413	0.00
295	Mahalakshmi Ravisankar	412	0.00
296	Bharat Harjivan Jani	409	0.00
297	Jaydeep Pravin Shah	408	0.00
298	Aniket Subhash Gandhi	408	0.00
299	Poornakala Satyamoorty	408	0.00
300	P Rajasekaran	404	0.00
301	Abhijeet Ashok Marathe	397	0.00
302	Shashwat Sharma	396	0.00
303	Rajiv Subramanian	394	0.00
304	Neelam Ajay Solanki	392	0.00
305	Yogesh Pal Singh	389	0.00
306	Balaji Mani	385	0.00
307	N Arun	385	0.00
308	Kumar Shiv Sharma	384	0.00
309	Siddharth Batra	383	0.00
310	Vipin Arora	379	0.00
311	Naveen Kumar Nerlaje	377	0.00
312	Yashmi Yadav	376	0.00
313	Neelesh Ravindra Kadle	373	0.00
314	Sreenivasan R	372	0.00
315	Uday Bundelkhandi	370	0.00
316	Gaurav Pathak	370	0.00
317	K V S Murthy	369	0.00
318	Jignesh H Shah	369	0.00
319	Dhruba Basu	365	0.00
320	Nikhil J Jacob	363	0.00
321	Gajanan Dayaram Patil	363	0.00
322	Manish Kumar Satija	363	0.00
323	Sandeep Sahebrao Boralkar	362	0.00
324	Sridhar J	356	0.00
325	Vaidehi M Ketkar	353	0.00
326	Chandavolu Venkata Janardhana Rao	350	0.00
327	K Raghuram Hegde	349	0.00
328	Prithwish Gupta	349	0.00
329	Divya Raghavan	349	0.00
330	Aasish Kumar Topno	349	0.00
331	Jyoti Kumar Tiwari	349	0.00
332	Cs Jaya Sudha	348	0.00
333	Ramasubramaniam Rajagopal	347	0.00
334	Gopalakrishna Rao A	346	0.00
335	Gita Joneja	344	0.00
336	Vamana Poojary	343	0.00
337	Rajendra Prasad Shaw	340	0.00
338	Balaji Mani	339	0.00
339	N Ravi Mohan	339	0.00
340	Ashish Joshi	339	0.00
341	Nilesh Atmaram Patil	335	0.00
342	Ambarish Bandyopadhyay	335	0.00
343	Rajesh V	335	0.00
344	Gaurav Bhatnagar	334	0.00
345	Muthaiah Arumugam	334	0.00
346	Vikram Surendran	334	0.00
347	Thalappulli Appunayar Murali	333	0.00
348	Chandavolu Venkata Janardhana Rao	328	0.00
349	Vinod Ravi Nair	325	0.00
350	Chandramowli Ganesh	325	0.00
351	Vininder Singh Baweja	324	0.00
352	Manish Bajoria	323	0.00
353	Vamana Poojary	319	0.00
354	Shruti Kashyap	318	0.00
355	Ananya Sabharwal	318	0.00
356	W Tenny Johnson	317	0.00
357	Akhilesh Kumar Yadav	315	0.00
358	Piyush Ahuja	314	0.00
359	Parnil Sarin	314	0.00
360	Mukund Anand Nadkarni	314	0.00
361	Chandramowli Ganesh	313	0.00
362	Atul Modi	313	0.00
363	Gautam Banerjee	312	0.00
364	Desmond Dsouza	311	0.00
365	Kishor Chand Katoch	309	0.00
366	Pervin Kushru Batliwala	309	0.00
367	Rakesh Ravindran	307	0.00
368	Nandini Sachin Dabholkar	305	0.00
369	Gajanan Dayaram Patil	303	0.00
370	Chanakya Gupta	303	0.00
371	Ketki Sachdev	303	0.00
372	Nityanand N	302	0.00
373	P R Kamakodi	301	0.00
374	Brijeshdas K	299	0.00
375	Devishree M	298	0.00
376	Rakesh Hamirwasia	296	0.00
377	Jeet Vijan	296	0.00
378	Harishkumar O V L	295	0.00
379	Prashant H Kurani	295	0.00
380	Jeet Vijan	295	0.00
381	Ashish Joshi	295	0.00
382	Ranjana Pillai	289	0.00
383	Amit Agarwal	289	0.00
384	Aswath Venkataraman	286	0.00
385	Jasbir Singh Nanda	284	0.00
386	Geeta S Royyuru	284	0.00
387	Swapan Bhattacharya	282	0.00
388	Rohit Kumar	281	0.00
389	Rakesh Prabakar Wadalkar	280	0.00
390	Soni Gupta	275	0.00
391	Veena Vikas Patankar	275	0.00
392	Hemant Goyal	274	0.00
393	Niranjan Bhaskar Sohoni	274	0.00
394	Rohan Sanjay Dixit	273	0.00
395	Sanmukha Rao Guniti	273	0.00
396	Suman Pal	272	0.00
397	Soni Gupta	270	0.00
398	Swapan Bhattacharya	269	0.00
399	Pervin Kushru Batliwala	269	0.00
400	P R Kamakodi	268	0.00
401	Varun Saraf	262	0.00
402	Manish Bajoria	261	0.00
403	Florida Gerard Irudayaraj	259	0.00
404	Vikas Kishwan	257	0.00
405	Shashi Kumar K V	257	0.00
406	Amit Dhoot	254	0.00
407	Manish Girdharlal Shah	254	0.00
408	P Aravindakshan	254	0.00
409	G Nagasubramaniam	252	0.00
410	Mulani Geeta C	252	0.00
411	Avijit Mukhopadhyay	251	0.00
412	Venkateswaran Krishnamoorthy	251	0.00
413	Bhupesh Ramchandra Gouniyal	249	0.00
414	Sumeet Banodkar	247	0.00
415	V Madhavan	247	0.00
416	Sandeep K Gupta	246	0.00
417	Jyoti Bhat	246	0.00
418	Kanchan Buwa	245	0.00
419	Mithilesh Kumar Sharma	241	0.00
420	Rajendra Prasad Shaw	240	0.00
421	Neeraj Agrawal	239	0.00
422	Nitin Pramod Shah	237	0.00
423	N Ravi Mohan	237	0.00
424	Sudhir Prabhakar Shevde	236	0.00
425	Amitabh Vijay Goutam	236	0.00
426	Nikhil J Jacob	235	0.00
427	Mathew Ratheesh	234	0.00
428	Jaya Sarkar	233	0.00
429	Prakash Shetty	233	0.00
430	Gita Joneja	233	0.00
431	G Rajashekhar	233	0.00
432	Ajay Bajranglal Bajaj	232	0.00
433	Dhanalakshmi T	232	0.00
434	M B Vaidyanathan	232	0.00
435	Reji Mathew	232	0.00
436	Gopalan Balasubramanian	228	0.00
437	Yatish Bhargava	226	0.00
438	Sujitkumar Suresh Hibare	225	0.00
439	Ashish Suresh Gujarati	224	0.00
440	Singaravelu C	221	0.00
441	Ajay Bajranglal Bajaj	220	0.00
442	Anshul Vohra	218	0.00
443	Arijeet Choudhury	218	0.00
444	Niranjan Bhaskar Sohoni	216	0.00
445	Pradnya Mihir Sirdesai	215	0.00
446	Ivo Morais	215	0.00
447	Thalappulli Appunayar Murali	214	0.00
448	Jyoti Bhat	214	0.00
449	Sharmistha Sengupta	214	0.00
450	Sunil Mukund Ghaskadvi	214	0.00
451	Anand Kumar Moudgil	212	0.00
452	V Hariharan	211	0.00
453	Prakash Tharumal Jagtiani	211	0.00
454	Ramanathan. A. R	209	0.00
455	T Saravanakumar	207	0.00
456	Bhupesh Ramchandra Gouniyal	206	0.00
457	Vaidehi M Ketkar	206	0.00
458	Bijal Sheetalkumar Mehta	206	0.00
459	Yogesh Pal Singh	205	0.00
460	Prashant Agarwal	204	0.00
461	Mithilesh Kumar Sharma	204	0.00
462	Sanjoy Bhattacharyya	204	0.00
463	Muktesh Nareshkumar Jain	203	0.00
464	Sanjiv P Deshpande	202	0.00
465	Suresh Ramchandra Sawant	200	0.00
466	Sanjoy Bhattacharyya	200	0.00
467	Venkatesh Shankar Iyer	198	0.00
468	So Thirunavukkarasu	198	0.00
469	Muthusamy Sakthivel	198	0.00
470	Amit Agarwal	197	0.00
471	Saikumar N Earla	197	0.00
472	D Revathi	197	0.00
473	Mundath Gopimohan Nair	195	0.00
474	Anita Damodaran	194	0.00
475	Mundath Gopimohan Nair	193	0.00
476	Bhanu Prakash Pallaprolu	192	0.00
477	Nandakumar Sanjiv Bhat	192	0.00
478	V Janardhana Iyer	190	0.00
479	Jayashree Anantharam Vadhyar	189	0.00
480	K Vijay Kishore Reddy	189	0.00
481	Archana Birla	188	0.00
482	Prashanth V	188	0.00
483	G Nagasubramaniam	188	0.00
484	Arunima Gupta	188	0.00
485	Harishkumar O V L	185	0.00
486	Atul Sinha	184	0.00
487	Anandaramiah Ramesh	184	0.00
488	Venkatesh Shankar Iyer	183	0.00
489	Venkatesan Natarajan	182	0.00
490	Ratnesh Sharma	182	0.00
491	Gopalan Balasubramanian	182	0.00
492	Naveen Kumar	181	0.00
493	Geeta S Royyuru	181	0.00
494	Pranav Sethi	181	0.00
495	Nitin Pramod Shah	180	0.00
496	Rajesh Janardan Baviskar	180	0.00
497	Bijal Sheetalkumar Mehta	180	0.00
498	Srinivasa Gopalan Raman	179	0.00
499	Sunil Ripudaman Kulshrestha	179	0.00
500	E Prasanna	177	0.00
501	Amit Dhoot	175	0.00
502	Sabeeha Saife Shaikh	174	0.00
503	Girish Umakant Jambekar	173	0.00
504	Prabakaran R	172	0.00
505	Singh Gajendra Pal	172	0.00
506	Tushar Kanti Deb	171	0.00
507	Kamalesh Babu A N	170	0.00
508	Venkitakrishnan P N	170	0.00
509	Harmesh Mehrotra	168	0.00
510	Bharat Harjivan Jani	167	0.00
511	Chirag Vikram Master	167	0.00
512	Gopalan Pasupathi	167	0.00
513	K Vijay Kishore Reddy	162	0.00
514	Lalit Kumar Kapoor	160	0.00
515	Harjinder Singh Arora	159	0.00
516	Manish Girdharlal Shah	159	0.00
517	Yamanappa Hanamappa Bevinamatti	159	0.00
518	Pradeep Salunkhe	157	0.00
519	Gajendra Pal Singh	156	0.00
520	Franklin Dc	155	0.00
521	Prakash Shetty	155	0.00
522	Chirag N Desai	154	0.00
523	Suman Pal	153	0.00
524	Suresh Ramchandra Sawant	152	0.00
525	Neeru Ashok Nayyar	152	0.00
526	Sunilkumar Vithal Wani	152	0.00
527	Manoj Yadav	151	0.00
528	Pradeep Bahadur Mathur	151	0.00
529	Vandana Shivratan Sharma	150	0.00
530	Manish Ghanshyam Mankad	147	0.00
531	Aminul Islam	146	0.00
532	Chinmay Sudhir Thattey	145	0.00
533	Sunilkumar Vithal Wani	142	0.00
534	Sujitkumar Suresh Hibare	142	0.00
535	Sheetal Shekhar Hegde	140	0.00
536	Gopala Krishna N	140	0.00
537	Sembian C	139	0.00
538	Sudeep Banerjee	139	0.00
539	Amit K Mehta	138	0.00
540	Hrishikesh Ramani	135	0.00
541	Edward Francis	134	0.00
542	G Kalyanam	134	0.00
543	Sagun Kaushik	134	0.00
544	Shankar Prabhu P	133	0.00
545	Manisha Gulabrao Patil	131	0.00
546	Madalasa Srivastava	130	0.00
547	Anshumali Thakur	130	0.00
548	Nityanand N	128	0.00
549	Jayarama Krishnan	128	0.00
550	Anand Laxmanan	128	0.00
551	P Chandrasekar	128	0.00
552	Shashi Kumar K V	127	0.00
553	Sachin Ramvijay Palamwar	127	0.00
554	Ranjana Pillai	126	0.00
555	Kumar Aditya	126	0.00
556	Jyothi Sunil Nambiar	126	0.00
557	Vishal Rathi	124	0.00
558	Bhanu Prakash Pallaprolu	123	0.00
559	Sawinder Singh	123	0.00
560	Arvind N Singh	122	0.00
561	Mohit Dhanjal	121	0.00
562	Y V Satish	121	0.00
563	Sunil Nathuram Padval	120	0.00
564	Sarmistha Biswas	120	0.00
565	Suhani Arora	120	0.00
566	Shikha Lal	119	0.00
567	Ananda Palit	119	0.00
568	Swati Sharma	119	0.00
569	Bhaskar Banerjee	119	0.00
570	R Harihara Puthran	118	0.00
571	Yamanappa Hanamappa Bevinamatti	118	0.00
572	Manisha Gulabrao Patil	118	0.00
573	Umesh Laltaprasad Dubey	117	0.00
574	Vinitha Maris Mathew	117	0.00
575	Aditya Badri Kasyap	116	0.00
576	Asha Kiran Ganta	116	0.00
577	Shetty Manojkumar Appu	116	0.00
578	Chandrasekaran Narayanan	115	0.00
579	Ashok Kumar Nayar	114	0.00
580	Uttara Narayanan	112	0.00
581	S Selvam	112	0.00
582	Mohini Anand Bapat	112	0.00
583	Kuppuswamy Srinivasan	111	0.00
584	Jyothi Sunil Nambiar	111	0.00
585	Raghuram Vankayala	110	0.00
586	Ajit Singh Dhanoa	110	0.00
587	Rakesh Pratap Singh	110	0.00
588	K Damodaran	108	0.00
589	Mukul Govind Moholkar	106	0.00
590	V Vasudevan	106	0.00
591	Rahul Batta	104	0.00
592	Umesh Laltaprasad Dubey	103	0.00
593	Sarmistha Biswas	103	0.00
594	Mahalakshmi Ganesh	103	0.00
595	Dipika Mukim	102	0.00
596	Hemant Gundopant Badri	102	0.00
597	Malvika Sharma	102	0.00
598	Sameer Trivikram Shirodkar	102	0.00
599	Prakash Tharumal Jagtiani	102	0.00
600	Baba Namdeo Gohokar	100	0.00
601	Ashwini Kumar Rao	99	0.00
602	Palani Prabhu	96	0.00
603	J Vidhya Shankar	96	0.00
604	Cs Jaya Sudha	96	0.00
605	Arya Sen	95	0.00
606	Jayashree Deepak Panwalkar	95	0.00
607	Anudeep Rastogi	95	0.00
608	Raghavan Menon	94	0.00
609	Anuri Ajay Mehta	93	0.00
610	Shibli Nomani	91	0.00
611	Priyanka Upadhyay	91	0.00
612	Arvind N Singh	88	0.00
613	Nidhi Jain	87	0.00
614	Kaushal Kishor Dalal	86	0.00
615	Daya Nand Prasad	86	0.00
616	Dinanath Motiram Walavalkar	85	0.00
617	Dushyanth Jayanty	85	0.00
618	K Rajesh Pai	85	0.00
619	M Thayumana Sundaram	85	0.00
620	Shilpa Salil Surve	84	0.00
621	Nahar Singh Gupta	84	0.00
622	Mahendra Ramnaresh Yadav	84	0.00
623	Pankaj Rasiklal Zandani	84	0.00
624	Rakesh Pratap Singh	84	0.00
625	Namrata Gaurav Gulati	83	0.00
626	Pooja D Asar	83	0.00
627	Hrishikesh Ramani	82	0.00
628	G Kalyanam	82	0.00
629	Madhu Sabharwal	82	0.00
630	Vijayalakshmi Raman	82	0.00
631	Deepti Matai	81	0.00
632	Manoj Yadav	80	0.00
633	A Ephraem Freddy	79	0.00
634	Gabriall D C	79	0.00
635	Chirag Vikram Master	78	0.00
636	Yatish Bhargava	78	0.00
637	Srichandan Babu	77	0.00
638	Vikas Kishwan	76	0.00
639	Ramesh Moreshwar Gokhale	75	0.00
640	Namrata Gaurav Gulati	75	0.00
641	S Suresh Babu	74	0.00
642	Dipika Mukim	74	0.00
643	Mahalakshmi Ganesh	74	0.00
644	Kaushal Kishor Dalal	73	0.00
645	Smriti Khullar	72	0.00
646	Tapasvi Omprakash Jhalani	69	0.00
647	M Thayumana Sundaram	69	0.00
648	Pritam S Sankhe	69	0.00
649	Shilpa Marodia	69	0.00
650	Manish Ghanshyam Mankad	68	0.00
651	Nahar Singh Gupta	67	0.00
652	Sanjay Gopakumar Menon	67	0.00
653	V Rajagopalan	67	0.00
654	Pimal Dilip Shah	65	0.00
655	Shailesh Sadanand Naik	65	0.00
656	Jiji P Kottukapally	63	0.00
657	Purna Narayanan	63	0.00
658	Venkatraj Venkatrao Narayanan	61	0.00
659	Balaji Marotrao Bhosle	61	0.00
660	Manu Shekhar	60	0.00
661	Binayanand Jha	58	0.00
662	Nidhi Jain	57	0.00
663	Kuppuswamy Srinivasan	57	0.00
664	George Vengal	57	0.00
665	Deepti Matai	56	0.00
666	Rajagopal Methil	54	0.00
667	S Jayasri	51	0.00
668	Sumeet Verma	50	0.00
669	K Damodaran	50	0.00
670	Kamlakar Anand Gadegaonkar	48	0.00
671	Ankit Karamchandani	48	0.00
672	Sameer Trivikram Shirodkar	46	0.00
673	A Silpa Suresh	45	0.00
674	Ramesh Moreshwar Gokhale	44	0.00
675	Nadeem Rizvi	44	0.00
676	Vishi Bansal	41	0.00
677	Pratik Jain	40	0.00
678	Vishi Bansal	37	0.00
679	Venkatramanan Mathurbootham	36	0.00
680	Ramya Venkat	36	0.00
681	Ritu Chopra	35	0.00
682	Sadalguru Balasubramanian Ramkumar	34	0.00
683	Aditya Maheswari	34	0.00
684	Rajaram Aruna	34	0.00
685	Pooja Serai	30	0.00
686	Neelakanta Siva	26	0.00
687	Suja Nair	26	0.00
688	Archna Kumari	21	0.00
689	Raghunathan Iyengar	19	0.00
690	S Suresh Babu	17	0.00
691	Ritu Chopra	15	0.00
692	Prathamesh Deshpande	12	0.00
693	Amit Hariom Saxena	11	0.00
694	Srinu Shekar Chintala	10	0.00
695	Runali Shirishkumar Sawant	6	0.00
	Total	5,73,935	0.03

BUSINESS DETAILS

Line of Business :

manufacturing and marketing of Consumer Products like Soaps and Detergents, Personal Products, Beverages, Packaged Foods, Others etc.

Products/ Services :

ITC Code No.	Product Descriptions
37.01	Soap
34.02	Detergents
09.02	Tea

GENERAL INFORMATION

No. of Employees :	Information declined by the management
Bankers :	· Bank of America · Bank of Baroda · Bank of India · Citibank N.A. · Deutsché Bank · HDFC Bank · Hongkong and Shanghai Banking Corporation · ICICI Bank · Indian Bank · Punjab National Bank · Royal Bank of Scotland · Standard Chartered Bank · State Bank of Hyderabad · State Bank of India · Syndicate Bank · Union Bank of India

Banking Relations :	--
Auditors :
Name :	Lovelock and Lewes Chartered Accountants
Address :	Mumbai, Maharashtra, India
Solicitors :
Name :	Crawford Bayley and Company
Address :	Mumbai, Maharashtra, India
Holding Company :	Unilever PLC
Subsidiaries (Extent of holding) :	Aquagel Chemicals Private Limited (100%) (with effect from April 01, 2013) Brooke Bond Real Estates Private Limited (100%) Daverashola Estates Private Limited (100%) Hindlever Trust Limited (100%) Hindustan Unilever Foundation (76%) (with effect from December 19, 2012) Jamnagar Properties Private Limited (100%) Lakme Lever Private Limited (100%) Levers Associated Trust Limited (100%) Levindra Trust Limited (100%) Pond’s Exports Limited (90%) Unilever India Exports Limited (100%) · Unilever Nepal Limited (80%)
Trust :	Hindustan Unilever Limited Securitisation of Retirement Benefit Trust (100% control) (from October, 2012)
Fellow Subsidiaries :	Brooke Bond Assam Estates Limited Brooke Bond Group Limited Brooke Bond South India Estates Limited Conopco, Inc. Corporativo Unilever de Mexico, S.de R.L. de C.V. (merged) Glidat Strauss Limited Lever International Marine Sup Lipton Soft Drinks Ireland Limited Mascolo Brothers Limited OOO Unilever Rus P.T. Unilever Indonesia, Tbk. Tigi Holdings Limited Tigi Linea International B.V. UL Research and Development Vlaa Unilever (Malaysia) Holdings Sdn Bhd Unilever ASCC AG Unilever Asia Private Limited Unilever Australasia Unilever Australia Limited Unilever Bangladesh Limited Unilever Brasil Limited Unilever Business and Marketing Support AG Unilever Canada Inc Unilever Canada-Food Solutions Unilever Chile SA Unilever China Limited Unilever De Argentina SA Unilever Deutschland Produktions GmbH and Co. OHG Unilever Employment Services B.V. Unilever Europe IT Unilever Gulf Free Zone Establishment, Arabia Unilever Industries Private Limited Unilever Italy Holdings Srl Unilever Japan Unilever Korea Unilever Lipton Ceylon Limited Unilever Mashreq International Company Unilever N.V. Unilever Overseas Holdings AG Unilever Overseas Holdings B.V. · Unilever Pakistan Limited
Joint Venture :	Kimberly Clark Lever Private Limited
Employees' Benefit Plans where there is significant influence :	· Hind Lever Gratuity Fund · The Hind Lever Pension Fund · The Union Provident Fund

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2,250,000,000	Equity Shares	Re. 1/- each	Rs. 2250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,162,696,292	Equity Shares	Re. 1/- each	Rs. 2162.700 Millions

a) Reconciliation of the number of shares

Equity Shares :	31.03.2014
	Number of shares	Rs. in Millions
Balance as at the beginning of the year	2162472310	2162.500
Add : ESOP shares issued during the year	223982	0.200
Balance as at the end of the year	2162696292	2162.500

b) Rights, preferences and restrictions attached to shares

Equity shares:

The Company has one class of equity shares having a par value of Re. 1 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of Interim Dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

c) Shares in the company held by its holding company and subsidiaries of holding company in aggregate

Equity Shares of Re.1 held by :	31.03.2014
794,806,750 shares(March 31, 2012: 794,806,750 shares) held by holding company	1114.400
340,042,710 shares (March 31, 2012: 340,042,710 shares) held by Subsidiaries of holding company	340.000

d) Details of equity shares held by shareholders holding more than 5% shares of the aggregate shares in the Company

	31.03.2014
Number of shares	114370148
Unilever PLC, UK, the Holding Company	51.53%

f) Aggregate number of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash (during 5 years immediately preceding March 31, 2013)

	31.03.2014
No. of equity shares issued in the last 5 years under the Employee stock option plan/ performance share schemes as consideration for services rendered by employees	5703419

g) Aggregate number of shares bought back during 5 years immediately preceding March 31, 2013

	31.03.2014
No. of equity shares bought back by the company	22883204

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2162.700	2162.500	2161.500
(b) Reserves & Surplus	30607.800	24577.700	32967.800
(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)	32770.500	26740.200	35129.300
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	2788.200	4762.500	3296.900
(d) long-term provisions	8386.900	7063.400	6669.500
Total Non-current Liabilities (3)	11175.100	11825.900	9966.400
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	57938.900	51676.900	46229.600
(c) Other current liabilities	8529.400	6161.500	5467.700
(d) Short-term provisions	19570.100	18720.200	12789.700
Total Current Liabilities (4)	86038.400	76558.600	64487.000
TOTAL	129984.000	115124.700	109582.700
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	23979.400	22567.900	21175.300
(ii) Intangible Assets	241.200	361.100	299.400
(iii) Capital work-in-progress	3120.800	2053.200	2051.300
(iv) Intangible assets under development	77.000	103.200	103.200
(b) Non-current Investments	6361.700	5480.300	1863.100
(c) Deferred tax assets (net)	1617.300	2047.800	2142.400
(d) Long-term Loan and Advances	6055.100	3842.900	4012.700
(e) Other Non-current assets	6.800	2968.400	0.000
Total Non-Current Assets	41459.300	39424.800	31647.400
(2) Current assets
(a) Current investments	24579.500	17826.300	22519.000
(b) Inventories	27475.300	25269.900	25166.500
(c) Trade receivables	8164.300	8334.800	6789.900
(d) Cash and cash equivalents	22209.700	17078.900	18300.400
(e) Short-term loans and advances	5376.800	6482.600	4807.000
(f) Other current assets	719.100	707.400	352.500
Total Current Assets	88524.700	75699.900	77935.300
TOTAL	129984.000	115124.700	109582.700

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from operations, net	280191.300	258102.100	221163.700
		Other Income	6210.300	6069.000	2783.100
		TOTAL	286401.600	264171.100	223946.800
Less	EXPENSES
		Cost of materials consumed	111598.100	102846.600	85848.900
		Purchases of stock-in-trade	33501.900	32353.100	30241.400
		Changes in inventories of finished goods (including stock-in-trade) and Work-in-progress	(1663.800)	(311.300)	(1287.300)
		Employee benefits expenses	14359.500	13183.400	11072.800
		Other expenses	77643.000	69992.800	59799.900
		TOTAL	235438.700	218064.600	188250.300
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		50962.900	46106.500	35696.500
Less	FINANCIAL EXPENSES		360.300	251.500	12.400
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		50602.600	45855.000	35684.100
Less/ Add	DEPRECIATION/ AMORTISATION		2605.500	2360.200	2182.500
	EXCEPTIONAL ITEMS		2286.800	6084.000	1188.700
	PROFIT BEFORE TAX		50283.900	49578.800	34690.300
Less	TAX		11609.000	11612.100	7776.300
	PROFIT AFTER TAX		38674.900	37966.700	26914.000
	EARNINGS IN FOREIGN CURRENCY
		Exports at FOB (including exports to Nepal and Bhutan)	912.100	1479.600	1620.900
		Income from services rendered	4567.000	5068.400	3277.100
		Others (freight, insurance, claims, etc)	0.000	0.000	0.000
	TOTAL EARNINGS		5479.1	6548.000	4898.000
	IMPORTS
		Raw and packing materials	7359.800	7179.600	7406.600
		Stores, spare parts and components	445.400	225.400	189.400
		Capital Goods	821.100	759.200	381.600
	TOTAL IMPORTS		8626.3	8164.200	7977.600
	Earnings Per Share (Rs.)
	Basic		17.88	17.56	12.46
	Diluted		17.87	17.55	12.45

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	13.50	14.37	12.02
Net Profit Margin (PBT/Sales)	(%)	17.95	19.21	15.69
Return on Total Assets (PBT/Total Assets}	(%)	42.32	47.02	33.54
Return on Investment (ROI) (PBT/Networth)		1.53	1.85	0.99
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.03	0.99	1.21

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2161.500	2162.500	2162.700
Reserves & Surplus	32967.800	24577.700	30607.800
Net worth	35129.300	26740.200	32770.500
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	221163.700	258102.100	280191.300
		16.702	8.558

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	221163.700	258102.100	280191.300
Profit	26914.000	37966.700	38674.900
	12.17%	14.71%	13.80%

LOCAL AGENCY FURTHER INFORMATION

CURRENT MATURITIES OF LONG-TERM DEBT: NOT AVAILABLE

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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS:

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date: 29.05.2013

Lodging No: ITXAL/830/2013 Filing Date: 29.05.2013 Reg. No.: ITXA/1873/2013 Reg. Date: 5.10.2013

Petitioner: COMMISSIONER OF INCOME TAX-1, MUMBAI Respondent: M/S. HINDUSTAN UNILEVER LIMITED

Petn. Adv : SURESH KUMAR Resp. Adv.: MULLA AND MULLA AND C. B. AND CAROE (0)

District: MUMBAI

Bench: SINGLE

Status: Pre-Admission Category: TAX APPEALS

Last Date: 03.10.2013 Stage: FOR REJECTION [ORIGINAL SIDE MATTERS]

Last Coram: REGISTRAR(OS)/PROTHONOTARY and SR. MASTER

Act: Income Tax Act, 1961 UNDER SECTION: 260A

COMPANY INFORMATION

Subject is a public limited company domiciled in India and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company is a market leader in the FMCG business comprising Home and Personal Care (HPC) and Foods and Refreshments. The company has manufacturing facilities across the country and Research and Development centres in Mumbai and Bangalore and sells primarily in India through independent distributors and modern trade.

ECONOMY AND MARKETS

The year witnessed divergent growth globally, led by strengthening of the US economy, uneven and subdued growth in the Euro area and Japan coupled with a slowdown in Developing & Emerging markets.

In the domestic market, growth continued to be muted with the second successive year of sub 5% GDP growth. The year saw steep currency depreciation in an environment where industrial activity remained in contraction mode, consumption demand continued to weaken, while lacklustre capital goods production pointed to stalled investment demand.

With sluggish growth across the larger economy, further compounded by high consumer inflation and weak sentiment, market growth across FMCG categories moderated throughout the year in both volume and value terms. The discretionary categories and premium segments were particularly under pressure. The operating context for the year was challenging, given the backdrop of a market slowdown, a volatile input cost environment and heightened competitive intensity.

The Company’s performance for the year 2013-14 has to be viewed in the context of aforesaid economic and market environment.

PERFORMANCE OF BUSINESSES AND CATEGORIES

Home and Personal Care (HPC)

The Home and Personal Care (HPC) business consists of Soaps, Detergents, Household Care and Personal Products, which includes categories like Skin Care, Hair Care, Oral Care, Colour Cosmetics and Deodorants. During the year, the HPC business registered robust growth ahead of market.

The opportunity for growth in India continues to be immense across all HPC categories. This fact is also reflected in high levels of competitive intensity in the marketplace. The Company believes that both unwavering focus on competitive growth in core categories as well as market development to build segments of future are critical for sustained growth and long term value creation. While focusing on the core categories, the Company has also invested significantly in the segments of future, i.e. the segments which are expected to drive future growth.

Rural continues to be a key area of focus for the Company. During the year, the Company reached out to 8,500 villages across India with an ambition to improve the health and hygiene of children, through school contact and Mohalla programmes. At the School Contact Programme, the Company’s brands, Lifebuoy and Pepsodent, encouraged and educated children on the importance and correct method of handwashing and brushing their teeth. In the Mohalla programme, the Company demonstrated to consumers the benefits and usage of new and emerging categories, such as facewash, hair conditioners and fabric conditioners.

In a highly competitive scenario, where new brands and offerings are entering the market almost every quarter, the Company delivered competitive growth, driven by innovation, sharper in-market execution, competitive marketing and trade investments behind the brands. The Company sustained strong focus on innovation across the portfolio and continued to delight consumers with a range of exciting offerings launched during the year. The Company has also significantly stepped up investment in Digital Media, which is expected to be the media channel of the future. The Company continued to leverage and benefit from the inputs received from Unilever across various aspects of the business, including technology, innovation and communication.

Volatile and rapidly changing commodity markets, including vegetable oil and crude oil, coupled with depreciating currency markets continued posing a major challenge during the year. There were also regulatory changes in the space of media availability, leading to more efficient media buying and better deployment of non-TV led media. Even in this challenging environment, the Company delivered profitable growth through robust cost-saving programmes and judicious pricing, without compromising on the competitiveness of brand investments, both in terms of technology as well as advertising and promotion.

Soaps and Detergents

The Soaps and Detergents segment delivered healthy volume led turnover growth of 8.0% during the year. Further, growth during the year was profitable as segmental profit increased by 10.5%, through a mix of cost savings, supply chain efficiencies and judicious pricing.

Soaps category recorded a very successful year with strong volume growth in a market which saw an overall decline in volumes. The growth was driven by prompt and decisive pricing actions on Lifebuoy, Lux, Breeze and Dove, which gained consumer franchise. These actions were supported by consumer centric activations, effective advertising and sustained high levels of distribution. The growth was witnessed not only in the core bars business, but also in the liquids portfolio, led by Lifebuoy Handwash, where the Company continues to invest behind developing the market through a mix of building penetration and increasing consumption.

Detergents category recorded another year of steady growth with a good balance of price and volume growth. Notwithstanding a challenging economic environment, where category growth slowed and the rate of premiumisation came off, for the Company the performance in the category continued to be led by the premium end. Surf continued to lead category premiumisation with double digit growth, buoyed by the continuing momentum on Surf Excel Easy Wash, since its relaunch in the previous year. The performance in Rin was led by the bars portfolio while powders were re-launched towards the end of the year, with an improved product and new thematic communication. Wheel’s performance progressively stepped up over the year, with the second half benefiting from the re-launch of the powders portfolio as significant investments were made to deliver a superior formulation resulting in quality enhancement for the segment. The brand was further supported by a range of impactful activation including the Gold Coin programme, which was well received. The emerging market development categories of Machine Wash (with Surf Excel Matic) and Fabric Conditioners (with Comfort) continued to perform well. Besides, the Company also initiated the creation of Detergent Liquid market in India with the launch of Surf Excel Detergent Liquid. The Company will continue to focus on driving innovations, exercising cost control across the value chain and delivering effective communication to win in the Detergents category.

Household Care category delivered double digit growth during the year on the back of robust volumes. Vim, which continues to delight consumers through superior product quality and strong advertising, is now a Rs. 1000+ crore brand. Innovations, such as the Anti-Germ mix (bar and liquids) and the monthly tub pack, continue to drive consumption and premiumisation in urban India. At the same time, strengthening the presence across key price points in dishwash bars helped reach new consumers in rural India. Domex strengthened the toilet cleaning business through the launch of an innovative product, Domex Zero Stain. The innovation, aimed at hygiene conscious users who have high incidence of stain problem in toilets, has helped fuel brand growth. Domex Toilet Academy (DTA) programme was launched during the year with an aim to eradicate open defecation by building toilets and improving sanitation facilities. Through the right partnerships, DTA is helping promote the importance of safe and hygienic sanitation practices in local communities.

Personal Products

Personal Products categories comprise Skin Care, Hair Care, Oral Care, Colour Cosmetics and Deodorants. In a challenging market environment, where the growth of discretionary categories has been particularly under pressure, the Personal Products segment delivered a healthy turnover growth of 9.2%. Segmental profit was up by 6.1%, as the Company continued to invest for competitive growth in its core categories, whilst building the segments of the future.

Skin Care category registered good growth in a slowing market. Fair and Lovely was re-launched with a new mix - the ‘Best Ever’ Fair and Lovely - a product that was tailor-made to deliver superior skin lightening results in India. Fair and Lovely registered a step up in its growth trajectory post the re-launch. Vaseline Healthy White, with a proposition of not just giving moisturisation but also instant and lasting skin whitening, was very successful, resulting in double-digit growth for the brand. Dove and Lakmé also grew very well during the year, powered by strong marketing inputs. Lakmé delivered a strong performance during the year on the back of a range of exciting innovations that were launched. Lakmé skin forayed into the anti-aging segment with the launch of Youth Infinity skin cream. In addition, under Lakmé, a new Complexion Care (CC) cream was introduced, the Perfect Radiance range was relaunched and the facial cleansing portfolio was revamped with the addition of new Clean Up range. Pond’s launched BB+ cream in India to leverage on the global beauty trend catering to consumers looking for instant optical radiance.

Hair Care delivered a strong year of volume led broad based double digit growth. Dove, Sunsilk and Clinic Plus grew in double digits during the year. The TRESemmé proposition of ‘Salon like hair, at home everyday’ has been well received by consumers. The brand which was introduced in September 2012 has made very good progress and been instrumental in accelerating the premiumisation agenda. The fact that the brand neared the significant milestone of Rs. 100 crores of annual turnover in its very first full year post launch is an example of efficiently leveraging the global Unilever portfolio to win locally with consumers. In addition, the Company launched Toni and Guy, another premium brand from the global Unilever hair portfolio. It is the first time that the Company launched the brand through e-commerce. Going forward, Toni and Guy will be rolled out in select stores across India. The Company continued to focus on market development by investing strongly behind the emerging high potential hair conditioners segment, thereby growing ahead of the market.

In Oral Care, significant investments were made to sustain competitive position in the category, as competitive intensity stepped up dramatically in the course of the year. The Company continued to focus on strengthening the Oral Care brands and the portfolio, despite the intense competitive pressure. Pepsodent Germicheck was re-launched during the year with an improved formulation with better germ attack power. Pepsodent also continued to strengthen its expertise and authority credentials through the Expert Protection range and with a strong dental community programme. The growth in Closeup continued to be led by a range of exciting activations. The Company has also significantly revamped its toothbrushes business model by pruning and sharpening the portfolio during the year.

In the Deodorant portfolio, through Axe, the Company continued to deploy exciting innovations and impactful campaigns. The ‘AXE Blast’ campaign, endorsed by a popular Bollywood youth icon, was well received by consumers. The Company has strong innovation plans for the forthcoming year in this category. The Company currently imports a large portion of deodorants in the aerosol form. Unilever is in the process of implementing a project to establish a world class deodorants manufacturing facility in India. This facility will provide a regular supply of high quality deodorant products to cater to markets across the world, including India.

Lakmé Colours has had an exceptional year with high double digit growth. The reinvention of the brand as ‘Pro-stylist’ across makeup, skin and salon has brought its expert credentials to the forefront through premium innovations in skin care and makeup. In makeup, the Company has launched the 9 to 5 platform - to address working women, many first to market innovations under Absolute like Gel nails and Face Stylist and limited editions like Pop Tints. The premium segment contribution for makeup has grown particularly well in the last two years. The Lakmé brand has seen a step up in investments and all key innovations have been executed through the beauty advisory channel, where expansion of footprint and activation through bringing the brand proposition alive at retail has contributed to the market development. Lakmé has also leveraged the digital communication channel, through ‘how to’ videos, to educate consumers on using makeup and adopting new regimes in skin care.

Foods Beverages (FandB)

The Foods and Beverages (FandB) portfolio of the Company comprises Tea, Coffee, Processed Foods, Frozen Desserts, Ice Creams, Bakery products and Out of Home operations, including BRU World Café.

During the year, FandB business delivered strong double digit growth in a challenging market context. This was driven by a single minded focus on the core brands and driving market development across key categories. The Packaged Food category continues to represent a significant consumer and business opportunity, given the shifts in the income pyramid, increase in working women, growing health concerns and the need for taste with convenience. The Company is consistently focused on developing newer offerings that can best fulfil existing and emerging consumer needs. The Company continues to focus on driving availability and distribution, alongside building salience for its brands and relevance. In addition, the Company is driving upgradation across categories with strong research and development support from Unilever and a deep insight into Indian consumer and customer needs.

Beverages

The Beverages segment delivered 12.4% turnover growth in the year, well ahead of the market, on the back of a strong double digit performance in Tea. This was accompanied by a significant step up in segmental profits which increased by 22.4%.

At the onset of the year, the Packet Tea market witnessed steep commodity inflation which drove market to volume decline. Despite this environment, the Company delivered competitive and profitable growth. The double digit growth across all brands was driven by a strengthened mix and focused in-market activities.

The Company drove its five leading brand positions across India, with all brands recording healthy volume growth and growing across major geographies. Across both the premium and popular price segments, brands grew competitively. Taj Mahal and 3 Roses continued to drive premiumisation and Red Label and Taaza offered unbranded tea users a good mix of superior, great tasting tea and value. Taj Mahal and Lipton continued to grow the tea bags market through market development. The Company strengthened its position in every segment of tea bags market, particularly flavoured and green tea.

The Instant Coffee market was challenged for growth in the context of steep commodity inflation in the previous year with the accompanying drop in consumption, particularly in the core South markets. In this context, the Company’s focus was to drive back lapsers to the category, through enhanced product experience and market development efforts. The Company also continued to drive BRU Gold – a premium offering, targeted at new age consumers of coffee in the non-traditional markets. BRU Gold met with good success as the franchise grew competitively ahead of markets.

Packaged Foods

The Packaged Foods segment of the Company comprises culinary products such as jams, ketchups and squashes under Kissan; soups, soupy noodles and meal makers under Knorr; branded staples (atta and salt) under Annapurna; bakery products under Modern; and frozen desserts / ice creams under Kwality Wall’s and Magnum. The segment delivered 10.0% turnover growth with a segmental profit growing by 65.5% during the year, as the Company continued to drive efficiencies and mix, while continuing to invest in building this business.

Kissan sustained its strong, consistent performance, delivering another year of double digit growth, driven by impactful activation around unlocking everyday relevance. A strong insight of the ‘Tiffin-moment’ being a stress point in the mother’s life resulted in a solution in the form of ‘Kissan Rolls’, where mothers could give their kids healthy vegetables made tastier with Kissan in the form of a roll. This singular message, along with our reiteration of the fact that Kissan is made from 100% tomatoes through ‘Kissanpur’, made Kissan the brand of choice. During the year, Kissan moved up 70 places in India’s Most Trusted Brands. The consumer preference, along with a strong distribution increase across both Ketchup and Jam, resulted in the business growing significantly faster than the market.

The performance of Knorr in the year was led by Soups, with the convenient Instant Soups single serve format doing particularly well. The Company has increased the focus on core soup markets and ensured that the brand salience is at its highest in these markets. The Company also invested behind the instant ‘cup-a-soup’ range, as this portfolio is driving growth for the soups category, given its consumer offering of tasty and healthier products, at a very affordable price. Knorr Soupy Noodles was restaged at the start of the year. The Knorr Meal Maker portfolio was also re-launched and has met with an encouraging initial response.

During the year, the Company focused on growing the Annapurna business profitably. Towards achieving this objective, the Company made sharp choices on the brand’s footprint and improved its cost structure. As a result, there is a significant progress in brand profitability, which now allows the Company to be competitive and invest back in the brand.

The Company also significantly focused on young nascent experiential marketing. Given that most of the play is in market development categories, it is critical that consumers sample the Company’s products and discover the great taste and convenience that the products offer.

Modern Foods, a portfolio of Bakery Foods, continued its momentum delivering strong double digit growth with improved profitability. The Company stepped up distribution network in new geographies and this initiative has yielded encouraging results. Key innovations like Oats and Ragi Wheat Bread, festive Cakes and Cookies, coupled with improved operational efficiencies contributed well to the growth and profitability of the Modern Foods business.

During the year, the Frozen Desserts business faced a challenging external environment with slowing discretionary spends and a shorter season. But with long term positive outlook, the Company continued investing behind the distribution expansion and building big brands. Cornetto grew ahead of market on the back of distribution and strong communication. Cornetto also remained at the forefront of your Company’s digital strategy. Cornetto’s Facebook page was adjudged as No.1 in India by an advertising magazine. Magnum, Unilever’s most premium ice cream brand, was test piloted in Chennai during 2013 and met with a very good response. Magnum was rolled out to four more cities in the beginning of 2014. Modern Trade performance has been very good in Ice Creams as the Company strengthened its position in this key channel. During the year, the Company also rolled out Perfect Stores programme, a first for the category and the performance across these stores has been leading overall category growth. Availability and visibility are still the core drivers of the business and the Company continued investing behind them. The Company is driving efficiencies in the business, particularly in asset management and infrastructure, while stepping up investments behind big impulse brands, viz. Magnum, Cornetto and Paddle Pop.

Water

Pureit is the world’s largest selling range of water purifiers in non-pitcher and non-faucet mount segment. Pureit was ranked as the most trusted brand in water purifiers in Brand Equity’s 2013 Most Trusted Brands Survey. The brand continues to strengthen its position in a slowing and weak consumer durables market. During the year, Pureit’s new product innovations focused on driving superior functionality and aesthetics at a lower cost, with the launch of Pureit Marvella Slim RO, a premium water purifier at an affordable price. Pureit Marvella Slim RO has helped Pureit strengthen its position in the electric water purifier segment. The launch of ‘Save 3 Gas Cylinders’ communication for storage purifiers was another testimony to Pureit’s pioneering innovativeness in terms of driving market development of water purifiers by establishing cost and convenience advantage over conventional methods of purification. Pureit associated with Miss India World 2013 winners, to spread awareness about the importance of safe drinking water under its ‘Unilever Pureit Protecting Lives Programme’. During the year, the Company focused on widening its distribution reach for its range of purifiers in different retail formats across the country. Substantial progress was made in evolving the Germkill kits business for storage purifiers and also improving in-store execution for the premium range of purifiers. The focus on driving category premiumisation continues with the launch of Pureit Ultima UV + RO towards the end of the year. The product, which by far is the most premium offering from Pureit, offers advanced technology and superior aesthetics met with a very encouraging response from consumers in the early days since its launch.

Exports Business

FMCG Exports (Unilever India Exports Limited)

Unilever India Exports Limited (UIEL) is a wholly owned subsidiary of the Company, engaged in FMCG Exports business. The focus of the FMCG exports operation is two-fold (a) to develop overseas markets by driving distribution of ethnic brands, such as Kissan, BRU, Brooke Bond, Lakmé, Pears among the Indian diaspora in international markets, (b) to effectively provide cross border sourcing of FMCG products to other Unilever companies across the world.

The Home and Personal Care segment in the exports business has witnessed a stable year, driven primarily by Soaps and Hair Care. Brands like Pears have registered healthy growth in the focused markets through strong advertising and activation support and have received strong accolades from the consumers in the UK market. For Unilever sourcing countries, Lifebuoy has delivered double digit growth post its launch across Asian markets. Fair and Lovely and Vaseline Jelly continue to show stable growth in the key geographies of the Middle East. The Foods and Beverages segment of the business witnessed a modest growth. Instant Tea / Packet Tea and premix witnessed strong double digit growth, whereas coffee sales remained steady. The profitability of the overall segment improved significantly with focused cost reduction programmes.

Non-FMCG Exports

In the specialty business, which continued to be a part of the Company post the demerger of FMCG Exports business to UIEL, Rice maintained a flat performance, while continuing to focus on expanding geographies, seeding opportunities and marketing/ brand building initiatives to accelerate growth in the coming years.

Leather (Pond’s Exports Limited)

The Leather business performed well with improved operating profitability and robust double digit sales growth. This performance was achieved through new product designs, excellent customer service, world class quality and cost innovations.

Beauty and Wellness (Lakme Lever Private Limited)

Lakme Lever Private Limited (LLPL), a wholly owned subsidiary of the Company, has 225 salons, of which 57 are Company owned / managed and 168 are franchisee salons. LLPL delivered double digit salon growth for the fourth consecutive year, although the market slowed down by consumers pulling back on discretionary spends. Net expansion improved from 8 salons in the previous year to 36 salons in this financial year. Innovations like the Perfect Radiance and Youth Infinity facial rituals have delighted consumers and driven growth. The flagship Lakmé Absolute Salon, which magnifies the backstage experience with professional styling expertise and bespoke beauty rituals, was launched in Mumbai. The Company will continue to support LLPL to drive growth in this attractive market opportunity.

Hindustan Unilever Network

Hindustan Unilever Network business consists of three major brands, Aviance (Personal Care), Lever Ayush (Health Care) and Lever Home (Detergents, Household Care and Toothpaste).

The year has been extremely challenging for the entire direct selling industry, including for the Company, due to ambiguity on acceptable norms for direct selling in India. As responsible corporate citizens, the Company has always conducted its business within the framework of Indian law and has recently re-launched its compensation plan to be more competitive. The Company is reviewing the strategy for this business.

Kimberly Clark Lever Private Limited (KCL)

KCL is a Joint Venture between the Company and Kimberly- Clark Corporation, USA, with infant care diapers as its primary product category. The year witnessed a strong growth delivery by Huggies brand led by Huggies Wonder Pants. The re-launched Huggies Wonder Pants with improved product features and performance had a good growth momentum throughout the year. The low penetration levels in India’s infant care diapers markets offer significant growth potential for this category. This growth opportunity has attracted increased levels of competitive intensity in the recent past with multinationals making significant investments in India.

To participate effectively in this growth opportunity, KCL aims to bring in regular innovations to the market through sustained and appropriate investments in the short to medium term. As a Joint Venture partner, the Company remains committed to this business.

OUTLOOK

Global economic indicators are expected to improve, led by positive prospects in advanced economies. Despite a strengthening external demand, uncertainty continues to loom large on the economic horizon of some emerging economies owing to domestic fragilities. The global economic climate continues to be volatile, uncertain and prone to geo-political risks.

For India, economic activity is expected to improve modestly, driven by global economic revival and moderation in inflation. Upside pressures on inflation and consumption, hinge on the vagaries of the monsoon and the pace of revival of the investment climate will determine to a very large extent India’s economic performance, going forward.

FMCG markets are expected to grow; however, uncertain global economic environment, inflation and competitive intensity continue to pose challenges. While the near term conditions pose a challenge for the economy, the medium to longer term secular trends based on rising incomes, aspirations, low consumption levels, etc. are positive and an opportunity for the FMCG sector, in general and for the Company, in particular.

Cautionary Statement

Statements in this Report, particularly those which relate to Management Discussion and Analysis, describing the Company’s objectives, projections, estimates and expectations, may constitute ‘forward looking statements’ within the meaning of applicable laws and regulations and actual results might differ

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80067270	12/05/1999	695,000,000.00	DEUTSCHE BANK	HAZARIMAL SOMANI MARG,, FORT, MUMBAI, MAHARASHTRA  - 400023, INDIA	-
2	80067269	12/05/1999	900,000,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, MUMBAI, MUMBAI, MAHARASHTRA - 400023, INDIA	-
3	80067343	12/05/1999	1,190,000,000.00	STANDARD CHARTERED BANK	M.G.ROAD, MUMBAI, MUMBAI, MAHARASHTRA - 400023, INDIA	-
4	80067342	02/02/1999	385,000,000.00	HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED  (HONGKONG BANK)	52/60, M.G. ROAD, MUMBAI, MUMBAI, MAHARASHTRA - 400023, INDIA	-

* Date of charge modification

CHANGE OF ADDRESS:

The registered office of the company has been shifted from Hindustan Lever House, 165/166, Backbay Reclamation, Mumbai – 400020, Maharashtra, India to the present w.e.f.01.01.2012

FIXED ASSETS:

Ø Land

Ø Buildings

Ø Plant and Machinery

Ø Railway Sidings

Ø Furniture and Fixtures

Ø Office Equipments

Ø Motor Vehicles

Ø Others

CONTINGENT LIABILITIES:

Particulars	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
Claims against the company not acknowledged as debts
Income-tax matters	5459.000	4685.600
Sales tax matters - Rs. 517.200 Millions (2010-12 - Rs. 602.800 Millions) net of tax	800.500	783.500
Excise and Customs duty matters - Rs 937.100 Millions (2010-12 - Rs. 585.200 Millions) net of tax	2008.900	1419.600
Other matters including claims related to employees/ex-employees, property related demands, etc - Rs. 528.100 Millions (2010-11 - Rs. 351.000 Millions) net of tax a) It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending resolution of the respective proceedings b) The Company does not expect any reimbursements in respect of the above contingent liabilities. c) Future cash outflows in respect of the above are determinable only on receipt of judgements / decisions pending with various forums / authorities	692.900	800.000
Total	8961.300	7688.700

AS PER WEBSITE

PRESS RELEASES

UNILEVER HELPS FAMILIES LIVE MORE SUSTAINABLY AT HOME

21-05-2014 : New Sunlight Living Challenge calls on Mumbai residents to reduce water usage at home to help create a brighter future for children

MUMBAI, 21 May 2014– A new programme from Unilever is challenging Indian families to live more sustainably to create a brighter future for children, while having fun together. The Sunlight Living Challenge forms part of Unilever’s Project Sunlight, a long-term initiative to motivate millions of people to live more sustainably.

The Sunlight Living Challenge calls on people of all ages to help protect the health of the planet by taking small, positive steps towards building a ‘greener’, more sustainable lifestyle in their own homes. Over the next three months, a group of 10 families from across Mumbai will be trying to do exactly that by reducing unnecessary water usage.

The children from these participating families are being urged to become water saviors and focus on saving water in their homes, through small everyday actions. Children will lead this challenge, by spreading awareness about ideas to save water and coming up with water-saving innovations. The families will be quizzed on their Water IQ and their daily progress and experiences will be monitored. At the end of the campaign, the most responsible family will win the ‘Water Champions Award’ and a prize

The launch of the Sunlight Living Challenge is the second phase of Project Sunlight, an ongoing Unilever initiative that has seen millions of people go online and pledge an ‘act of sunlight’: a promise to change their lifestyle to help preserve the planet for generations to come.

The Sunlight Living Challenge is supported by the release of a new Unilever film, "The Way Kids See It". The film brings to life the hopes, dreams and plans for a better world that are nurtured by our children. These children’s stories will motivate families – especially adults – to live more sustainably.

The Sunlight Living Challenge is open to everyone. Those wishing to take part can do so in three simple steps:

Visit www.projectsunlight.co.in to SEE "The Way Kids See It" film and read about the different activities available as part of the Sunlight Living Challenge

ACT by choosing an activity to complete and, in doing so, take small, positive steps to a more sustainable lifestyle at home

JOIN a like-minded community of individuals sharing their personal stories and tips to inspire others to take part using #brightfuture

It also follows international research showing that 70% of children know ‘a lot’ or ‘something’ about four or more of the major global issues, such as climate change and world hunger. [1] The findings revealed that 75% of parents view activities that help protect the environment as a good way to spend time with their kids, while, eight out of 10 children were found to be eager to do more ‘green’ activities together with their family, particularly if they are fun.[2]

The Mumbai challenges follow a similar initiative that took place in the UK last year. It saw 12 families from different parts of the country significantly reduce their household waste and cut their weekly shopping bills just by taking small, everyday steps to live more sustainably.

For further information and to take part in the Sunlight Living Challenge, people can visit http://www.projectsunlight.co.in or follow the

conversation on Facebook andTwitter using #brightfuture.

ENDS

Notes to Editors

For further information, please contact

Email: mediacentre.hul@unilever.com

Telephone: Prasad Pradhan - 022 39832429, R Ram - 022 39832413

About the Sunlight Children Film

“The Way Kids See It” film which shows how children around the world are already making a difference and will be the motivation for families to live more sustainably, towards a brighter future.

The film was directed by Daniel Gordon, a BAFTA nominee British documentary film director who has also been a British Independent Film Awards nomination.

About Project Sunlight

Project Sunlight is a long-term Unilever initiative to motivate millions of people to live more sustainably by inspiring them to build a brighter future for children. It aims to create a growing community of people who believe it is possible to build a world where everyone lives well and sustainably, without compromising the needs of future generations. In 2013, Project Sunlight helped create a brighter future for two million children in US, UK, Brazil, India and Indonesia. To date, it has also inspired over 70 million people worldwide to commit to living more sustainably by visiting www.projectsunlight.co.in and making an “act of sunlight” pledge. The Sunlight Living Challenge represents the second phase of Project Sunlight. It seeks to encourage families all over the world to adopt new sustainable habits at home through a series of fun, green challenges.

About Hindustan Unilever Limited

Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods Company touching the lives of two out of three Indians. HUL works to create a better future every day. We help people feel good, look good and get more out of life with brands and services that are good for them and good for others.

HUL MARCH QUARTER 2014 FINANCIAL RESULTS

28-04-2014 : Hindustan Unilever Limited announced its results for the quarter ending 31 March 2014. During the quarter, the Domestic Consumer business grew at 9%, ahead of market, with 3% underlying volume growth.

Soaps and Detergents: Healthy performance

Skin Cleansing delivered double digit growth, aided by a step up in price growth as judicious pricing actions were taken to manage input cost inflation. Growth was broad based across brands with the liquids portfolio seeing accelerated growth.

In Laundry, growth was led by the premium segment with Surf maintaining its double digit growth momentum and Rin delivering good growth on the bars portfolio. Wheel growth stepped up on the back of its re-launch in the last quarter. Comfort Fabric Conditioners continue to lead market development with sustained high growth. Vim led the performance in Household Care.

Personal Products: Growth in a challenging environment

Skin Care grew well in a soft market. The re-launch of Fair & Lovely, with the new ‘Best Ever Formula’ and supported by a focused activation plan, is yielding positive results. Ponds had a good quarter at the premium end while Lakme and Dove sustained their robust performance. The Facial Cleansing portfolio registered broad based growth driven by innovations launched in previous quarters.

Hair Care sustained volume led double digit growth with Dove delivering another strong performance and Clinic Plus doing well. TRESemmé, which saw the addition of a new Split Remedy variant, continued to make very good progress.

In Oral Care, significant investments were made to sustain our competitiveness in the category. While Close Up grew in the quarter, Pepsodent was impacted by the high promotional intensity in the market. Actions are underway to step up performance.

Colour Cosmetics maintained its strong innovation led growth momentum across both Lakme and Elle 18. Lakme continues to strengthen its position in premium make up driven by a range of exciting and contemporary offerings. 

Beverages: Growth led by Tea

Tea sustained double digit growth on the back of stepped up volumes. Taj Mahal, Red Label and 3 Roses grew in double digits, driven by a strengthened mix and focused in-market activities. The thrust on leading market development for tea bags saw flavoured and green tea bags more than double sales in the quarter. In Coffee, Bru Gold continued to perform well. 

Packaged Foods: Strong performance by Kissan, Kwality Walls and Magnum

Kissan registered another robust quarter with growth accelerating on both Ketchups and Jams, driven by impactful activation while Knorr growth continued to be led by Instant Soups which more than doubled volumes. Ice Creams saw strong growth arising from the selling in of Magnum which was extended to 4 other cities, and sharper in-market execution on Kwality Walls, ahead of the season.

Profitable growth sustained

The operating context during the quarter remained challenging with slowing market growth and high competitive intensity. Firm input costs were managed through a mix of judicious pricing and cost savings. Brand investments were sustained at competitive levels with higher advertising spend being offset by lower promotional activities. Profit before interest and tax (PBIT) grew by 11% and PBIT margin improved by 30 bps. Profit after tax before exceptional items, PAT (bei), grew by 7% to Rs. 832 Crores while Net Profit at Rs.872 Crores was up 11%.

Financial Year 2013-14: Competitive and profitable growth

The Domestic Consumer business grew by 9% with 4% underlying volume growth, ahead of market. Profit before interest and tax (PBIT) grew by 12% with PBIT margin improving 40 bps. Profit after tax but before exceptional items, PAT (bei), grew by 7% to Rs. 3555 Crores with Net Profit at Rs. 3867 Crores growing 2%. Net Profit growth was impacted by the significant property sale in the previous year. Cash generated from operations at over Rs. 5000 Crores for the year, was up Rs 462 Crores over the previous year. 

The Board of Directors has proposed a final dividend of Rs. 7.5 per share for the financial year ending 31st March, 2014, subject to the approval of the shareholders at the Annual General Meeting. Together with interim dividend of Rs 5.5 per share, the total dividend for the financial year ending 31st March, 2014 amounts to Rs. 13.0 per share. 

Harish Manwani, Chairman commented: “Against the backdrop of a challenging environment, we have delivered another year of competitive and profitable growth. We stepped up investment behind our brands and innovations, whilst driving cost savings and operational efficiencies with even greater rigor. Looking ahead, we are confident that our strategy is on track to deliver sustainable long term growth and margin improvement.”

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. 60.10
UK Pound	1	Rs. 102.32
Euro	1	Rs. 82.75

INFORMATION DETAILS

Information Gathered by :	NYN
Analysis Done by :	KRN
Report Prepared by :	ASH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	10
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	9
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		80

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	--

MIRA INFORM REPORT

Report Date :

25.06.2014

Tel. No.:

+91-22-39830000

IDENTIFICATION DETAILS

Name :	HINDUSTAN UNILEVER LIMITED
Registered Office :	Unilever House, B D Sawant Marg, Chakala, Andheri (East), Mumbai – 400099, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.10.1933
Com. Reg. No.:	11-002030
Capital Investment / Paid-up Capital :	Rs. 2162.700 Millions
CIN No.: [Company Identification No.]	L15140MH1933PLC002030
TAN No.: [Tax Deduction & Collection Account No.]	MUMH05398B / PNEH04468C
PAN No.: [Permanent Account No.]	AAACH1004N
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	manufacturing and marketing of Consumer Products like Soaps and Detergents, Personal Products, Beverages, Packaged Foods, Others etc.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aa (80)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a subsidiary of Unilever PLC and one of India’s Largest FMCG Company. It is a well-established and reputed company having excellent track record. The rating reflect HUL’s market leadership across segments in the fast-moving consumer goods (FMCG) industry supported by diverse product portfolio includes soaps and detergents, personal care products, and food as well as beverages. HUL has strong brands name across categories marked by extensive distribution network with strong advertising and marketing support. Further, rating also reflects HUL’s strong financial risk profile marked by strong liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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.

INDIAN ECONOMIC OVERVIEW

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating : AAA
Rating Explanation	Highest degree of safety and lowest credit risk.
Date	January 22, 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 DENIED

MANAGEMENT NON-COOPERATIVE

[CONTACT NO.: 91-22-39830000]

LOCATIONS

Registered Office :	Unilever House, B D Sawant Marg, Chakala Andheri (East), Mumbai – 400099, Maharashtra, India
Tel. No.:	91-22-39832429/ 39832285/ 32452
Fax No.:	91-22-39832413/ 28249457
E-Mail :	comsec.hul@unilever.com
Website :	http://www.hul.co.in
Plants :
NORTHERN REGION
LOCATION	ADDRESS
BAROTIWALA	Khasra No. 94-96, 355-409, Village Balyana, Barotiwala IA, Tehsil Kasauli, District Solan - 174103, Himachal Pradesh, India
ETAH	G. T. Road, Etah – 207001, Uttar Pradesh, India
HARIDWAR	Plot No. 1, Sector 1A, Integrated Industrial Estate, Ranipur, Haridwar - 249403, Uttaranchal, India
NALAGARH	· Hudbust No. 143, Khasra No. 182, 183, 187/1, Village - Kiralpur, Tehsil - Nalagarh, District Solan - 174101, Himachal Pradesh, India · Khasra No. 1350 – 1318, Bhatoli Kalan, Hill Top Industrial Area, Jharmajri, Tehsil Nalagarh, District Solan - 173295, Himachal Pradesh, India
ORAI	A-1, Industrial Area, UPSIDC, Orai, Jalaun - 285001, Uttar Pradesh, India
RAJPURA	A-5, Phase ll-B, Focal Point, Rajpura - 140401, Punjab, India
SUMERPUR	A-1, UPSIDC Industrial Area, Bharua, Sumerpur, Hamirpur - 210502, Uttar Pradesh, India
SOUTHERN REGION
COCHIN	· Ernakulam North PO,, Tatapuram, Cochin – 682014, Kerala, India · Edapally, Cochin – 682024, Kerala, India
HYDERABAD	Uppal Kalan, Hyderabad – 500039, Andhra Pradesh, India
CHENNAI	C.P.T. Campus, Tharamani, Chennai – 600113, Tamilnadu, India
HOSUR	Plot No.50 & 51, SIPCOT Industrial Complex, Hosur - 635109, Tamilnadu, India
BANGALORE	Suburb Stage-II, Yashwantpur, Bangalore – 560022, Karnataka, India
MANGALORE	Sultan Batter Road, Boloor, Mangalore – 575003, Karnataka, India
MYSORE	Plot No. 424, Hebbal Industrial Area, Mysore – 570016, Karnataka, India
PONDICHERRY	· Off NH 45-A, Vadamangalam, Pondicherry - 605102, India · No. 3, Cuddalore Road, Kirumambakkam, Pondicherry – 607402, India
EASTERN REGION
TINSUKIA	Dag No. 21 of 122 FS Grants, Mouza - Tingrai, Off NH No. 37, Doom Dooma Industrial Estate, Tinsukia - 786151, Assam, India
HALDIA	PO Durgachak, Haldia - 721602,Midnapore, West Bengal, India
KOLKATA	· 1, Transport Depot Road, Kolkata - 700088, West Bengal, India · 63, Garden Reach, Kolkata - 700024, West Bengal, India · P10 Taratola Road, Kolkata - 700088, West Bengal, India
WESTERN REGION
KHAMGAON	C-9, MIDC, Khamgaon - 444303, District Buldhana, Maharashtra, India
CHHINDWARA	5/6 KM Stone, Narsinghpur Road, Lehgadua, Chhindwara - 480002, Madhya Pradesh, India
CHIPLUN	Plot No. B-7, Lote Parshuram MIDC, Khed Taluka, District Ratnagiri, Chiplun – 415722, Maharashtra, India
GOA	Plot Nos. 132-139, Kundaim Industrial Estate, Kundaim, Goa – 403115, India
MUMBAI	Aarey Milk Colony, Goregaon, Mumbai – 400065, Maharashtra, India
NASIK	Plot No. A 8/9, MIDC, Malegaon, Sinnar - 422103, Maharashtra, India
SILVASSA	Survey No.151/1/1, Village Dapada, Khanvel Road, Silvassa - 396230, India Survey No. 907, Kilwali Road, Amli Village, Near Gandhidham Bus Stop, Silvassa – 396230, India Orient Press Complex, Survey No. 297/1/2, Dungrapada, Village Saily, Silvassa - 396230, India Survey No. 46/11, Plot No 16, Naroli Road, Village Athal, Silvassa – 396230, India
Overseas Customer Service Centers :	Located at: · 300, Upper Richmond Road West, London SW 14, 7GJ, United Kingdom. Tel. No. 01 878 5254 Fax No. 01 879 1839 Telex : 918112 · 303, 5^th Avenue, Suite 709, New York 10016, U.S.A Tel. No. 212 725 0679 Fax No. 212 725 0718 Telex : 220715 · Suite 507, Akasaka Q Building, 7-9-5, Akasaka, Minato-Ku, Tokyo, Japan – 107 Tel. No. 03 583 1225 Fax No. 03 505 0541 Telex : 2423450
Major Operating Units At:	Located at: · Sewree, Mumbai, Maharashtra, India · Andheri, Mumbai, Maharashtra, India · Taloja, Maharashtra, India · Garden Reach, Kolkata, West Bengal, India · Shamnagar, West Bengal, India · Bari Brahmana, Jammu, India · Haldia, Gujarat, India · Plot No. 254, Sector IV, Special Economic Zone, Kandla, Gujarat, India · Chindwara, Madhya Pradesh, India · Pondichery, Tamil Nadu, India · Yavatmal, Maharashtra, India · Pune, Maharashtra, India
Branch Office :	123, G. N. Chetty Road, T. Nagar, Chennai – 600017, Tamilnadu, India

DIRECTORS

AS ON 31.03.2014

Name :	Mr. Harish Manwani
Designation :	Chairman
Date of Birth/ Age :	59 Years
Name :	Mr. Sanjiv Mehta
Designation :	Managing Director and Chief Financial Officer
Name :	Mr. Sridhar Ramamurthy
Designation :	Executive Director, Finance and IT and Chief Financial Officer
Date of Birth/ Age :	48 Years
Name :	Mr. Pradeep Banerjee
Designation :	Executive Director, Supply Chain
Name :	Mr. A. Narayan
Designation :	Independent Director
Date of Birth/ Age :	61 Years
Name :	Mr. S. Ramadorai
Designation :	Independent Director
Date of Birth/ Age :	68 Years
Name :	Mr. O.P. Bhatt
Designation :	Independent Director
Date of Birth/ Age :	62 Years
Name :	Dr. Sanjiv Misra
Designation :	Independent Director
Date of Birth/ Age :	65 Years

KEY EXECUTIVES

MANAGEMENT COMMITTEE
Name :	Mr. Sanjiv Mehta
Designation :	Managing Director and Chief Executive Officer
Name :	Mr. Sridhar Ramamurthy
Designation :	Executive Director, Finance and IT and Chief Financial Officer
Name :	Mr. Hemant Bakshi
Designation :	Executive Director, Home and Personal Care
Name :	Mr. Pradeep Banerjee
Designation :	Executive Director, Supply Chain
Name :	Mr. Dev Bajpai
Designation :	Executive Director and Company Secretary
Name :	Ms. Geetu Verma
Designation :	Executive Director, Foods
Name :	Mr. Manish Tiwary
Designation :	Executive Director, Sales and Customer Development
Name :	Mr. B. P. Biddappa
Designation :	Executive Director and Human Resources

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2014

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
(2) Foreign
Bodies Corporate	1454412858	67.25
Sub Total	1454412858	67.25
Total shareholding of Promoter and Promoter Group (A)	1454412858	67.25
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	6171080	0.29
Financial Institutions / Banks	5208874	0.24
Central Government / State Government(s)	20	0.00
Insurance Companies	77718436	3.59
Foreign Institutional Investors	304939962	14.10
Sub Total	394038372	18.22
(2) Non-Institutions
Bodies Corporate	28267145	1.31
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	269968092	12.48
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	5211038	0.24
Qualified Foreign Investor	100	0.00
Any Others (Specify)	10798687	0.50
Directors and their Relatives and Friends	126303	0.01
Trusts	1082684	0.05
Non Resident Indians	7372906	0.34
Overseas Corporate Bodies	3600	0.00
Foreign Nationals	8006	0.00
Clearing Members	2181309	0.10
Foreign Banks	23879	0.00
Sub Total	314245062	14.53
Total Public shareholding (B)	708283434	32.75
Total (A)+(B)	2162696292	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	2162696292	100.00

Shareholding belonging to the category "Promoter and Promoter Group"

Name of the Shareholder	Details of Shares held
	No. of Shares held	As a % of grand total
Unilever PLC	1,11,43,70,148	51.53
Brooke Bond Group Limited	10,67,39,460	4.94
Unilever Overseas Holdings AG	6,87,84,320	3.18
Unilever UK & CN Holdings Limited	6,00,86,250	2.78
Brooke Bond South India Estates Limited	5,27,47,200	2.44
Brooke Bond Assam Estates Limited	3,28,20,480	1.52
Unilever Overseas Holdings BV	1,88,65,000	0.87
Total	1,45,44,12,858	67.25

Details of Locked-in Shares

Sl. No.	Name of the Shareholder	No. of Shares	Locked-in Shares as % of Total No. of Shares
1	Nitin Paranjpe	44,041	0.00
2	Nitin Paranjpe	29,481	0.00
3	Sridhar Ramamurthy	14,327	0.00
4	Sridhar Ramamurthy	13,431	0.00
5	Hemant Bakshi	10,481	0.00
6	Manish Tiwary	9,547	0.00
7	Yuri Jain	7,983	0.00
8	Leena Kumar	7,678	0.00
9	Manish Tiwary	7,012	0.00
10	Krishnan Harishankar	5,876	0.00
11	Devopam Bajpai	5,626	0.00
12	Hemant Bakshi	4,876	0.00
13	Rajgopal	4,827	0.00
14	Anshul Asawa	4,723	0.00
15	Krishnan Harishankar	4,602	0.00
16	Arun Srinivas	4,199	0.00
17	Kabir Ahmed Shakir	3,807	0.00
18	Rajgopal	3,686	0.00
19	Suyash Chauhan	3,475	0.00
20	Bijal Vikram Sheth	3,388	0.00
21	Anshul Asawa	3,282	0.00
22	Rajesh Kumar Mutreja	3,180	0.00
23	Pramod Kumar Nigam	3,161	0.00
24	Vivek Kumar Singh	3,159	0.00
25	Amrita Padda	3,143	0.00
26	Yuri Jain	3,114	0.00
27	Sreekanth Jayabalan	3,014	0.00
28	Sudarshan Kasturi	3,008	0.00
29	Samardeep Sunil Subandh	2,986	0.00
30	Pradeep Banerjee	2,985	0.00
31	Arun Srinivas	2,840	0.00
32	Munish Nandwani	2,836	0.00
33	Krishnat Bhausaheb Bhosale	2,794	0.00
34	Bijal Vikram Sheth	2,789	0.00
35	Raghuraman R	2,779	0.00
36	Rajesh Kumar Mutreja	2,749	0.00
37	Pradeep Banerjee	2,664	0.00
38	Sanjay Kumar Harlalka	2,619	0.00
39	Srinivas Phatak	2,569	0.00
40	K Vikram	2,566	0.00
41	Anuradha Razdan	2,548	0.00
42	P B Balaji	2,544	0.00
43	K Ganesh	2,531	0.00
44	Meghal Atulbhai Sheth	2,518	0.00
45	Ramesh K	2,474	0.00
46	Rajesh Sethuraman	2,447	0.00
47	Srinandan Sundaram	2,444	0.00
48	Balasubramanian Aghoramurthy	2,280	0.00
49	Sreekanth Jayabalan	2,196	0.00
50	Sanjay Kumar Harlalka	2,190	0.00
51	Sharon Pereira	2,189	0.00
52	R John George	2,157	0.00
53	Prasad Ramakant Pradhan	2,154	0.00
54	Aasif Huseini Malbari	2,112	0.00
55	Rajeev Batra	2,089	0.00
56	Devopam Bajpai	2,072	0.00
57	Aasif Huseini Malbari	2,014	0.00
58	Smita Harsh Bhosale	1,981	0.00
59	Rohit Bhasin	1,968	0.00
60	Suyash Chauhan	1,958	0.00
61	Nurani Padmanabhan Seetharam	1,891	0.00
62	Dheeraj Arora	1,822	0.00
63	Samardeep Sunil Subandh	1,816	0.00
64	Vikas Bansal	1,813	0.00
65	Vivek Subramanian	1,800	0.00
66	Vilas Sinkar	1,796	0.00
67	Sarvamangala Venkatramani	1,784	0.00
68	Ashish Bihari Lall	1,768	0.00
69	Ramesh K	1,751	0.00
70	Vikram Sridharan	1,739	0.00
71	Vivek Kumar Singh	1,706	0.00
72	Vivek Subramanian	1,695	0.00
73	Satish Kumar Goel	1,682	0.00
74	Anita Sandeep Zutshi	1,669	0.00
75	Prabha Narasimhan	1,660	0.00
76	Ajay J Vashi	1,654	0.00
77	Vivek Sirohi	1,611	0.00
78	Munish Nandwani	1,585	0.00
79	Anupam Bokey	1,585	0.00
80	Suresh Nadakatti	1,578	0.00
81	Ajay J Vashi	1,545	0.00
82	Nurani Padmanabhan Seetharam	1,544	0.00
83	Raghava Rao	1,527	0.00
84	Kedar Lele	1,446	0.00
85	Anubhav Kumar Singh	1,440	0.00
86	Meeta Manvendra Singh	1,438	0.00
87	Asha Gopalakrishnan	1,432	0.00
88	Vikram Surendran	1,403	0.00
89	Tanwar Punkaj	1,402	0.00
90	Rajesh Sethuraman	1,361	0.00
91	Krishnat Bhausaheb Bhosale	1,358	0.00
92	Sanjay K Gandhi	1,327	0.00
93	Atit Kishore Mehta	1,312	0.00
94	Sharma Kunal	1,307	0.00
95	Arnaz Bhiwandiwala	1,290	0.00
96	Dheeraj Arora	1,282	0.00
97	Dinesh Thapar	1,281	0.00
98	Sandeep Kumar	1,280	0.00
99	Supesh Jain	1,249	0.00
100	Sangeetha Rajalakshmi	1,235	0.00
101	Asha Kharga	1,235	0.00
102	Suresh Nadakatti	1,231	0.00
103	Anupam Bokey	1,229	0.00
104	Mohit Sud	1,220	0.00
105	Anjan Chatterjee	1,211	0.00
106	Sharon Pereira	1,168	0.00
107	Niraj Dhansukhlal Mistry	1,165	0.00
108	Sarvamangala Venkatramani	1,162	0.00
109	Priya Sukumar Nair	1,101	0.00
110	Ramkailash Singh Bhadouria	1,093	0.00
111	Srinandan Sundaram	1,090	0.00
112	Kedar Balwant Teny	1,089	0.00
113	Krishnan Gopinath	1,089	0.00
114	Rajendra Misra	1,082	0.00
115	Geetha R	1,073	0.00
116	Narayan Anantha Subramony	1,069	0.00
117	Narayan Anantha Subramony	1,045	0.00
118	Harman Dhillon	1,040	0.00
119	Srirup Mitra	1,040	0.00
120	Supriya Ajay Dang	1,021	0.00
121	Hemant Gundopant Badri	1,017	0.00
122	Shivaramakrishnan K	1,015	0.00
123	S Subramanyam	1,007	0.00
124	Asha Kharga	1,005	0.00
125	Nitish Bhalotia	1,001	0.00
126	Debasish Dutta	1,001	0.00
127	Vikas Bansal	1,001	0.00
128	Amrita Padda	999	0.00
129	Dinesh V Bhat	996	0.00
130	Rupeshkumar Prahaladrai Agarwal	983	0.00
131	Pramod Kumar Nigam	980	0.00
132	Mandeep Singh Tuli	968	0.00
133	Tanwar Punkaj	967	0.00
134	K V Krishnan	964	0.00
135	Anand Vinayak Deshpande	963	0.00
136	Sameer Nagarajan	959	0.00
137	Sudip Gupta	955	0.00
138	Amitava Pramanik	948	0.00
139	Hemant Goyal	946	0.00
140	Meghna Apparao	945	0.00
141	Sanjay K Gandhi	942	0.00
142	Ramkailash Singh Bhadouria	941	0.00
143	Nutan Gaba	933	0.00
144	Hardev Singh	932	0.00
145	Samiran Mahapatra	925	0.00
146	Anirban Mullick	923	0.00
147	Vrijesh Nagathan	919	0.00
148	Samiran Mahapatra	916	0.00
149	Priya Sukumar Nair	904	0.00
150	Victor Rajangam David	903	0.00
151	Gaurav Raisinghani	902	0.00
152	Pawankumar Laxmipathrao Hansoge	898	0.00
153	V K Sachdeva	894	0.00
154	Sonal Jain	887	0.00
155	R John George	886	0.00
156	Raghavendra Zunjarwad	884	0.00
157	Rajesh Razdan	880	0.00
158	Anoop Vasantakrishna Peddakotla	880	0.00
159	K V Krishnan	872	0.00
160	Anandi Shankar	871	0.00
161	Srikanth S Batni	863	0.00
162	Nagesh Keshav Pal	862	0.00
163	Alok Pandey	850	0.00
164	Ruma Kishore	846	0.00
165	Niraj Dhansukhlal Mistry	836	0.00
166	Aniket Subhash Gandhi	828	0.00
167	Neelam Ajay Solanki	827	0.00
168	Manan Gupta	826	0.00
169	Supriya Ajay Dang	820	0.00
170	K V S Murthy	819	0.00
171	Victor Rajangam David	808	0.00
172	Udit Dugar	801	0.00
173	Vilas Sinkar	801	0.00
174	Prashant Jain	800	0.00
175	Ajay Tiwari	800	0.00
176	Hariram Govind	792	0.00
177	Suman Satyanath Hegde	784	0.00
178	Aakriti Chandra	781	0.00
179	Atul Mehta	780	0.00
180	Girish Anantharaman	777	0.00
181	Shruti Thakar	775	0.00
182	Ganesh Subramanian	770	0.00
183	Shruti Kashyap	767	0.00
184	Sunanda Ramakrishnan	767	0.00
185	Udayan Dutt	766	0.00
186	Kedar Lele	757	0.00
187	Amlan Mukherjee	743	0.00
188	Inderpreet Singh	733	0.00
189	Nutan Gaba	726	0.00
190	Prashant Jain	726	0.00
191	S Subramanyam	726	0.00
192	Adarsh K	724	0.00
193	Saurin Manherlal Shah	714	0.00
194	Piyush Kumar Jain	714	0.00
195	Mazhar Abdulla Topiwala	713	0.00
196	Vijay Nehra	705	0.00
197	Gaurav Datta	694	0.00
198	Mahalakshmi Ravisankar	690	0.00
199	Madhurjya Banerjee	683	0.00
200	Srikanth S Batni	665	0.00
201	Veena More	660	0.00
202	Hariram Govind	656	0.00
203	Ruma Kishore	654	0.00
204	Atul Sinha	652	0.00
205	Rajesh Razdan	649	0.00
206	Sundaram R	648	0.00
207	T G Ramakrishnan	646	0.00
208	V Vishwanath	641	0.00
209	Deepak Saksena	638	0.00
210	Regulapati Rammohan	638	0.00
211	Jasbir Singh Nanda	634	0.00
212	Gautam Bandyopadhya	634	0.00
213	Shashwat Sharma	632	0.00
214	Amitava Pramanik	629	0.00
215	Subhra Gourisaria	599	0.00
216	Pawankumar Laxmipathrao Hansoge	597	0.00
217	Purnima Lamba	585	0.00
218	Nitin I. Vyas	584	0.00
219	Krishnaprakash N D Iyer	579	0.00
220	Ganesh Subramanian	579	0.00
221	N K Mitash	578	0.00
222	Rajesh V	575	0.00
223	Anisha Pargal	574	0.00
224	Parnil Sarin	571	0.00
225	Atul Mehta	571	0.00
226	P Aravindakshan	569	0.00
227	Kumar Aditya	562	0.00
228	Guntas Randhawa	559	0.00
229	Krishnan Sundaram	558	0.00
230	Desmond Dsouza	558	0.00
231	Muthaiah Arumugam	555	0.00
232	Yashmi Yadav	555	0.00
233	Rakesh M Asrani	551	0.00
234	N Arun	551	0.00
235	Debasish Dutta	546	0.00
236	Aparna Mukund Nadkarni	546	0.00
237	Nitin Siddheshwar Deshpande	545	0.00
238	Manan Gupta	541	0.00
239	Nitin Siddheshwar Deshpande	539	0.00
240	P Jagadish	532	0.00
241	Vandana Shivratan Sharma	524	0.00
242	Rahul Jain	524	0.00
243	Vinod Pallathu Thomas	518	0.00
244	Prashant H Kurani	514	0.00
245	V K Sachdeva	513	0.00
246	Soumya Donkada	511	0.00
247	Anand Vinayak Deshpande	510	0.00
248	Sumeet Verma	508	0.00
249	Marella Pawan Kumar	501	0.00
250	V Janardhana Iyer	493	0.00
251	Gaurav Pande	490	0.00
252	Deepak Saksena	488	0.00
253	N K Mitash	487	0.00
254	Sanmukha Rao Guniti	484	0.00
255	Jyoti Kumar Tiwari	483	0.00
256	Dinesh Thapar	480	0.00
257	Bipul Sharma	478	0.00
258	Yogesh Kumar Mishra	477	0.00
259	Gopalakrishna Rao A	476	0.00
260	Preeti Thomas	475	0.00
261	Swarnim Bhardwaj	474	0.00
262	Mohit Dhanjal	474	0.00
263	Aswath Venkataraman	471	0.00
264	Rakesh Kumar	470	0.00
265	Aakriti Chandra	469	0.00
266	Vijaykumar Kannan	469	0.00
267	Venkateswaran Krishnamoorthy	469	0.00
268	Rupeshkumar Prahaladrai Agarwal	466	0.00
269	Rajarshi Saikia	466	0.00
270	Jignesh H Shah	466	0.00
271	Vibhav Ramrao Sanzgiri	464	0.00
272	Anirban Mullick	462	0.00
273	Srinivas Phatak	462	0.00
274	Jyoti Chopra	462	0.00
275	Uday Bundelkhandi	462	0.00
276	Pradnya Mihir Sirdesai	455	0.00
277	Girish Umakant Jambekar	454	0.00
278	Rajarshi Saikia	454	0.00
279	Vijaykumar Kannan	448	0.00
280	Sundaram R	448	0.00
281	Krishnendu Dasgupta	447	0.00
282	Dhanraj K Chokappa	447	0.00
283	P C Sreekumar	445	0.00
284	Bailoor Madhava Shetty	442	0.00
285	Manjeet Sahu	442	0.00
286	G Rajashekhar	441	0.00
287	Varun Saraf	438	0.00
288	Rakesh Ravindran	435	0.00
289	Sandeep H Tanwani	428	0.00
290	Sriram Vishwanathan Iyer	424	0.00
291	Akhilesh Kumar Yadav	423	0.00
292	Jyoti Chopra	421	0.00
293	Nagesh Keshav Pal	419	0.00
294	Rahul Avinash Awasti	413	0.00
295	Mahalakshmi Ravisankar	412	0.00
296	Bharat Harjivan Jani	409	0.00
297	Jaydeep Pravin Shah	408	0.00
298	Aniket Subhash Gandhi	408	0.00
299	Poornakala Satyamoorty	408	0.00
300	P Rajasekaran	404	0.00
301	Abhijeet Ashok Marathe	397	0.00
302	Shashwat Sharma	396	0.00
303	Rajiv Subramanian	394	0.00
304	Neelam Ajay Solanki	392	0.00
305	Yogesh Pal Singh	389	0.00
306	Balaji Mani	385	0.00
307	N Arun	385	0.00
308	Kumar Shiv Sharma	384	0.00
309	Siddharth Batra	383	0.00
310	Vipin Arora	379	0.00
311	Naveen Kumar Nerlaje	377	0.00
312	Yashmi Yadav	376	0.00
313	Neelesh Ravindra Kadle	373	0.00
314	Sreenivasan R	372	0.00
315	Uday Bundelkhandi	370	0.00
316	Gaurav Pathak	370	0.00
317	K V S Murthy	369	0.00
318	Jignesh H Shah	369	0.00
319	Dhruba Basu	365	0.00
320	Nikhil J Jacob	363	0.00
321	Gajanan Dayaram Patil	363	0.00
322	Manish Kumar Satija	363	0.00
323	Sandeep Sahebrao Boralkar	362	0.00
324	Sridhar J	356	0.00
325	Vaidehi M Ketkar	353	0.00
326	Chandavolu Venkata Janardhana Rao	350	0.00
327	K Raghuram Hegde	349	0.00
328	Prithwish Gupta	349	0.00
329	Divya Raghavan	349	0.00
330	Aasish Kumar Topno	349	0.00
331	Jyoti Kumar Tiwari	349	0.00
332	Cs Jaya Sudha	348	0.00
333	Ramasubramaniam Rajagopal	347	0.00
334	Gopalakrishna Rao A	346	0.00
335	Gita Joneja	344	0.00
336	Vamana Poojary	343	0.00
337	Rajendra Prasad Shaw	340	0.00
338	Balaji Mani	339	0.00
339	N Ravi Mohan	339	0.00
340	Ashish Joshi	339	0.00
341	Nilesh Atmaram Patil	335	0.00
342	Ambarish Bandyopadhyay	335	0.00
343	Rajesh V	335	0.00
344	Gaurav Bhatnagar	334	0.00
345	Muthaiah Arumugam	334	0.00
346	Vikram Surendran	334	0.00
347	Thalappulli Appunayar Murali	333	0.00
348	Chandavolu Venkata Janardhana Rao	328	0.00
349	Vinod Ravi Nair	325	0.00
350	Chandramowli Ganesh	325	0.00
351	Vininder Singh Baweja	324	0.00
352	Manish Bajoria	323	0.00
353	Vamana Poojary	319	0.00
354	Shruti Kashyap	318	0.00
355	Ananya Sabharwal	318	0.00
356	W Tenny Johnson	317	0.00
357	Akhilesh Kumar Yadav	315	0.00
358	Piyush Ahuja	314	0.00
359	Parnil Sarin	314	0.00
360	Mukund Anand Nadkarni	314	0.00
361	Chandramowli Ganesh	313	0.00
362	Atul Modi	313	0.00
363	Gautam Banerjee	312	0.00
364	Desmond Dsouza	311	0.00
365	Kishor Chand Katoch	309	0.00
366	Pervin Kushru Batliwala	309	0.00
367	Rakesh Ravindran	307	0.00
368	Nandini Sachin Dabholkar	305	0.00
369	Gajanan Dayaram Patil	303	0.00
370	Chanakya Gupta	303	0.00
371	Ketki Sachdev	303	0.00
372	Nityanand N	302	0.00
373	P R Kamakodi	301	0.00
374	Brijeshdas K	299	0.00
375	Devishree M	298	0.00
376	Rakesh Hamirwasia	296	0.00
377	Jeet Vijan	296	0.00
378	Harishkumar O V L	295	0.00
379	Prashant H Kurani	295	0.00
380	Jeet Vijan	295	0.00
381	Ashish Joshi	295	0.00
382	Ranjana Pillai	289	0.00
383	Amit Agarwal	289	0.00
384	Aswath Venkataraman	286	0.00
385	Jasbir Singh Nanda	284	0.00
386	Geeta S Royyuru	284	0.00
387	Swapan Bhattacharya	282	0.00
388	Rohit Kumar	281	0.00
389	Rakesh Prabakar Wadalkar	280	0.00
390	Soni Gupta	275	0.00
391	Veena Vikas Patankar	275	0.00
392	Hemant Goyal	274	0.00
393	Niranjan Bhaskar Sohoni	274	0.00
394	Rohan Sanjay Dixit	273	0.00
395	Sanmukha Rao Guniti	273	0.00
396	Suman Pal	272	0.00
397	Soni Gupta	270	0.00
398	Swapan Bhattacharya	269	0.00
399	Pervin Kushru Batliwala	269	0.00
400	P R Kamakodi	268	0.00
401	Varun Saraf	262	0.00
402	Manish Bajoria	261	0.00
403	Florida Gerard Irudayaraj	259	0.00
404	Vikas Kishwan	257	0.00
405	Shashi Kumar K V	257	0.00
406	Amit Dhoot	254	0.00
407	Manish Girdharlal Shah	254	0.00
408	P Aravindakshan	254	0.00
409	G Nagasubramaniam	252	0.00
410	Mulani Geeta C	252	0.00
411	Avijit Mukhopadhyay	251	0.00
412	Venkateswaran Krishnamoorthy	251	0.00
413	Bhupesh Ramchandra Gouniyal	249	0.00
414	Sumeet Banodkar	247	0.00
415	V Madhavan	247	0.00
416	Sandeep K Gupta	246	0.00
417	Jyoti Bhat	246	0.00
418	Kanchan Buwa	245	0.00
419	Mithilesh Kumar Sharma	241	0.00
420	Rajendra Prasad Shaw	240	0.00
421	Neeraj Agrawal	239	0.00
422	Nitin Pramod Shah	237	0.00
423	N Ravi Mohan	237	0.00
424	Sudhir Prabhakar Shevde	236	0.00
425	Amitabh Vijay Goutam	236	0.00
426	Nikhil J Jacob	235	0.00
427	Mathew Ratheesh	234	0.00
428	Jaya Sarkar	233	0.00
429	Prakash Shetty	233	0.00
430	Gita Joneja	233	0.00
431	G Rajashekhar	233	0.00
432	Ajay Bajranglal Bajaj	232	0.00
433	Dhanalakshmi T	232	0.00
434	M B Vaidyanathan	232	0.00
435	Reji Mathew	232	0.00
436	Gopalan Balasubramanian	228	0.00
437	Yatish Bhargava	226	0.00
438	Sujitkumar Suresh Hibare	225	0.00
439	Ashish Suresh Gujarati	224	0.00
440	Singaravelu C	221	0.00
441	Ajay Bajranglal Bajaj	220	0.00
442	Anshul Vohra	218	0.00
443	Arijeet Choudhury	218	0.00
444	Niranjan Bhaskar Sohoni	216	0.00
445	Pradnya Mihir Sirdesai	215	0.00
446	Ivo Morais	215	0.00
447	Thalappulli Appunayar Murali	214	0.00
448	Jyoti Bhat	214	0.00
449	Sharmistha Sengupta	214	0.00
450	Sunil Mukund Ghaskadvi	214	0.00
451	Anand Kumar Moudgil	212	0.00
452	V Hariharan	211	0.00
453	Prakash Tharumal Jagtiani	211	0.00
454	Ramanathan. A. R	209	0.00
455	T Saravanakumar	207	0.00
456	Bhupesh Ramchandra Gouniyal	206	0.00
457	Vaidehi M Ketkar	206	0.00
458	Bijal Sheetalkumar Mehta	206	0.00
459	Yogesh Pal Singh	205	0.00
460	Prashant Agarwal	204	0.00
461	Mithilesh Kumar Sharma	204	0.00
462	Sanjoy Bhattacharyya	204	0.00
463	Muktesh Nareshkumar Jain	203	0.00
464	Sanjiv P Deshpande	202	0.00
465	Suresh Ramchandra Sawant	200	0.00
466	Sanjoy Bhattacharyya	200	0.00
467	Venkatesh Shankar Iyer	198	0.00
468	So Thirunavukkarasu	198	0.00
469	Muthusamy Sakthivel	198	0.00
470	Amit Agarwal	197	0.00
471	Saikumar N Earla	197	0.00
472	D Revathi	197	0.00
473	Mundath Gopimohan Nair	195	0.00
474	Anita Damodaran	194	0.00
475	Mundath Gopimohan Nair	193	0.00
476	Bhanu Prakash Pallaprolu	192	0.00
477	Nandakumar Sanjiv Bhat	192	0.00
478	V Janardhana Iyer	190	0.00
479	Jayashree Anantharam Vadhyar	189	0.00
480	K Vijay Kishore Reddy	189	0.00
481	Archana Birla	188	0.00
482	Prashanth V	188	0.00
483	G Nagasubramaniam	188	0.00
484	Arunima Gupta	188	0.00
485	Harishkumar O V L	185	0.00
486	Atul Sinha	184	0.00
487	Anandaramiah Ramesh	184	0.00
488	Venkatesh Shankar Iyer	183	0.00
489	Venkatesan Natarajan	182	0.00
490	Ratnesh Sharma	182	0.00
491	Gopalan Balasubramanian	182	0.00
492	Naveen Kumar	181	0.00
493	Geeta S Royyuru	181	0.00
494	Pranav Sethi	181	0.00
495	Nitin Pramod Shah	180	0.00
496	Rajesh Janardan Baviskar	180	0.00
497	Bijal Sheetalkumar Mehta	180	0.00
498	Srinivasa Gopalan Raman	179	0.00
499	Sunil Ripudaman Kulshrestha	179	0.00
500	E Prasanna	177	0.00
501	Amit Dhoot	175	0.00
502	Sabeeha Saife Shaikh	174	0.00
503	Girish Umakant Jambekar	173	0.00
504	Prabakaran R	172	0.00
505	Singh Gajendra Pal	172	0.00
506	Tushar Kanti Deb	171	0.00
507	Kamalesh Babu A N	170	0.00
508	Venkitakrishnan P N	170	0.00
509	Harmesh Mehrotra	168	0.00
510	Bharat Harjivan Jani	167	0.00
511	Chirag Vikram Master	167	0.00
512	Gopalan Pasupathi	167	0.00
513	K Vijay Kishore Reddy	162	0.00
514	Lalit Kumar Kapoor	160	0.00
515	Harjinder Singh Arora	159	0.00
516	Manish Girdharlal Shah	159	0.00
517	Yamanappa Hanamappa Bevinamatti	159	0.00
518	Pradeep Salunkhe	157	0.00
519	Gajendra Pal Singh	156	0.00
520	Franklin Dc	155	0.00
521	Prakash Shetty	155	0.00
522	Chirag N Desai	154	0.00
523	Suman Pal	153	0.00
524	Suresh Ramchandra Sawant	152	0.00
525	Neeru Ashok Nayyar	152	0.00
526	Sunilkumar Vithal Wani	152	0.00
527	Manoj Yadav	151	0.00
528	Pradeep Bahadur Mathur	151	0.00
529	Vandana Shivratan Sharma	150	0.00
530	Manish Ghanshyam Mankad	147	0.00
531	Aminul Islam	146	0.00
532	Chinmay Sudhir Thattey	145	0.00
533	Sunilkumar Vithal Wani	142	0.00
534	Sujitkumar Suresh Hibare	142	0.00
535	Sheetal Shekhar Hegde	140	0.00
536	Gopala Krishna N	140	0.00
537	Sembian C	139	0.00
538	Sudeep Banerjee	139	0.00
539	Amit K Mehta	138	0.00
540	Hrishikesh Ramani	135	0.00
541	Edward Francis	134	0.00
542	G Kalyanam	134	0.00
543	Sagun Kaushik	134	0.00
544	Shankar Prabhu P	133	0.00
545	Manisha Gulabrao Patil	131	0.00
546	Madalasa Srivastava	130	0.00
547	Anshumali Thakur	130	0.00
548	Nityanand N	128	0.00
549	Jayarama Krishnan	128	0.00
550	Anand Laxmanan	128	0.00
551	P Chandrasekar	128	0.00
552	Shashi Kumar K V	127	0.00
553	Sachin Ramvijay Palamwar	127	0.00
554	Ranjana Pillai	126	0.00
555	Kumar Aditya	126	0.00
556	Jyothi Sunil Nambiar	126	0.00
557	Vishal Rathi	124	0.00
558	Bhanu Prakash Pallaprolu	123	0.00
559	Sawinder Singh	123	0.00
560	Arvind N Singh	122	0.00
561	Mohit Dhanjal	121	0.00
562	Y V Satish	121	0.00
563	Sunil Nathuram Padval	120	0.00
564	Sarmistha Biswas	120	0.00
565	Suhani Arora	120	0.00
566	Shikha Lal	119	0.00
567	Ananda Palit	119	0.00
568	Swati Sharma	119	0.00
569	Bhaskar Banerjee	119	0.00
570	R Harihara Puthran	118	0.00
571	Yamanappa Hanamappa Bevinamatti	118	0.00
572	Manisha Gulabrao Patil	118	0.00
573	Umesh Laltaprasad Dubey	117	0.00
574	Vinitha Maris Mathew	117	0.00
575	Aditya Badri Kasyap	116	0.00
576	Asha Kiran Ganta	116	0.00
577	Shetty Manojkumar Appu	116	0.00
578	Chandrasekaran Narayanan	115	0.00
579	Ashok Kumar Nayar	114	0.00
580	Uttara Narayanan	112	0.00
581	S Selvam	112	0.00
582	Mohini Anand Bapat	112	0.00
583	Kuppuswamy Srinivasan	111	0.00
584	Jyothi Sunil Nambiar	111	0.00
585	Raghuram Vankayala	110	0.00
586	Ajit Singh Dhanoa	110	0.00
587	Rakesh Pratap Singh	110	0.00
588	K Damodaran	108	0.00
589	Mukul Govind Moholkar	106	0.00
590	V Vasudevan	106	0.00
591	Rahul Batta	104	0.00
592	Umesh Laltaprasad Dubey	103	0.00
593	Sarmistha Biswas	103	0.00
594	Mahalakshmi Ganesh	103	0.00
595	Dipika Mukim	102	0.00
596	Hemant Gundopant Badri	102	0.00
597	Malvika Sharma	102	0.00
598	Sameer Trivikram Shirodkar	102	0.00
599	Prakash Tharumal Jagtiani	102	0.00
600	Baba Namdeo Gohokar	100	0.00
601	Ashwini Kumar Rao	99	0.00
602	Palani Prabhu	96	0.00
603	J Vidhya Shankar	96	0.00
604	Cs Jaya Sudha	96	0.00
605	Arya Sen	95	0.00
606	Jayashree Deepak Panwalkar	95	0.00
607	Anudeep Rastogi	95	0.00
608	Raghavan Menon	94	0.00
609	Anuri Ajay Mehta	93	0.00
610	Shibli Nomani	91	0.00
611	Priyanka Upadhyay	91	0.00
612	Arvind N Singh	88	0.00
613	Nidhi Jain	87	0.00
614	Kaushal Kishor Dalal	86	0.00
615	Daya Nand Prasad	86	0.00
616	Dinanath Motiram Walavalkar	85	0.00
617	Dushyanth Jayanty	85	0.00
618	K Rajesh Pai	85	0.00
619	M Thayumana Sundaram	85	0.00
620	Shilpa Salil Surve	84	0.00
621	Nahar Singh Gupta	84	0.00
622	Mahendra Ramnaresh Yadav	84	0.00
623	Pankaj Rasiklal Zandani	84	0.00
624	Rakesh Pratap Singh	84	0.00
625	Namrata Gaurav Gulati	83	0.00
626	Pooja D Asar	83	0.00
627	Hrishikesh Ramani	82	0.00
628	G Kalyanam	82	0.00
629	Madhu Sabharwal	82	0.00
630	Vijayalakshmi Raman	82	0.00
631	Deepti Matai	81	0.00
632	Manoj Yadav	80	0.00
633	A Ephraem Freddy	79	0.00
634	Gabriall D C	79	0.00
635	Chirag Vikram Master	78	0.00
636	Yatish Bhargava	78	0.00
637	Srichandan Babu	77	0.00
638	Vikas Kishwan	76	0.00
639	Ramesh Moreshwar Gokhale	75	0.00
640	Namrata Gaurav Gulati	75	0.00
641	S Suresh Babu	74	0.00
642	Dipika Mukim	74	0.00
643	Mahalakshmi Ganesh	74	0.00
644	Kaushal Kishor Dalal	73	0.00
645	Smriti Khullar	72	0.00
646	Tapasvi Omprakash Jhalani	69	0.00
647	M Thayumana Sundaram	69	0.00
648	Pritam S Sankhe	69	0.00
649	Shilpa Marodia	69	0.00
650	Manish Ghanshyam Mankad	68	0.00
651	Nahar Singh Gupta	67	0.00
652	Sanjay Gopakumar Menon	67	0.00
653	V Rajagopalan	67	0.00
654	Pimal Dilip Shah	65	0.00
655	Shailesh Sadanand Naik	65	0.00
656	Jiji P Kottukapally	63	0.00
657	Purna Narayanan	63	0.00
658	Venkatraj Venkatrao Narayanan	61	0.00
659	Balaji Marotrao Bhosle	61	0.00
660	Manu Shekhar	60	0.00
661	Binayanand Jha	58	0.00
662	Nidhi Jain	57	0.00
663	Kuppuswamy Srinivasan	57	0.00
664	George Vengal	57	0.00
665	Deepti Matai	56	0.00
666	Rajagopal Methil	54	0.00
667	S Jayasri	51	0.00
668	Sumeet Verma	50	0.00
669	K Damodaran	50	0.00
670	Kamlakar Anand Gadegaonkar	48	0.00
671	Ankit Karamchandani	48	0.00
672	Sameer Trivikram Shirodkar	46	0.00
673	A Silpa Suresh	45	0.00
674	Ramesh Moreshwar Gokhale	44	0.00
675	Nadeem Rizvi	44	0.00
676	Vishi Bansal	41	0.00
677	Pratik Jain	40	0.00
678	Vishi Bansal	37	0.00
679	Venkatramanan Mathurbootham	36	0.00
680	Ramya Venkat	36	0.00
681	Ritu Chopra	35	0.00
682	Sadalguru Balasubramanian Ramkumar	34	0.00
683	Aditya Maheswari	34	0.00
684	Rajaram Aruna	34	0.00
685	Pooja Serai	30	0.00
686	Neelakanta Siva	26	0.00
687	Suja Nair	26	0.00
688	Archna Kumari	21	0.00
689	Raghunathan Iyengar	19	0.00
690	S Suresh Babu	17	0.00
691	Ritu Chopra	15	0.00
692	Prathamesh Deshpande	12	0.00
693	Amit Hariom Saxena	11	0.00
694	Srinu Shekar Chintala	10	0.00
695	Runali Shirishkumar Sawant	6	0.00
	Total	5,73,935	0.03

BUSINESS DETAILS

Line of Business :

manufacturing and marketing of Consumer Products like Soaps and Detergents, Personal Products, Beverages, Packaged Foods, Others etc.

Products/ Services :

ITC Code No.	Product Descriptions
37.01	Soap
34.02	Detergents
09.02	Tea

GENERAL INFORMATION

No. of Employees :	Information declined by the management
Bankers :	· Bank of America · Bank of Baroda · Bank of India · Citibank N.A. · Deutsché Bank · HDFC Bank · Hongkong and Shanghai Banking Corporation · ICICI Bank · Indian Bank · Punjab National Bank · Royal Bank of Scotland · Standard Chartered Bank · State Bank of Hyderabad · State Bank of India · Syndicate Bank · Union Bank of India

Banking Relations :	--
Auditors :
Name :	Lovelock and Lewes Chartered Accountants
Address :	Mumbai, Maharashtra, India
Solicitors :
Name :	Crawford Bayley and Company
Address :	Mumbai, Maharashtra, India
Holding Company :	Unilever PLC
Subsidiaries (Extent of holding) :	Aquagel Chemicals Private Limited (100%) (with effect from April 01, 2013) Brooke Bond Real Estates Private Limited (100%) Daverashola Estates Private Limited (100%) Hindlever Trust Limited (100%) Hindustan Unilever Foundation (76%) (with effect from December 19, 2012) Jamnagar Properties Private Limited (100%) Lakme Lever Private Limited (100%) Levers Associated Trust Limited (100%) Levindra Trust Limited (100%) Pond’s Exports Limited (90%) Unilever India Exports Limited (100%) · Unilever Nepal Limited (80%)
Trust :	Hindustan Unilever Limited Securitisation of Retirement Benefit Trust (100% control) (from October, 2012)
Fellow Subsidiaries :	Brooke Bond Assam Estates Limited Brooke Bond Group Limited Brooke Bond South India Estates Limited Conopco, Inc. Corporativo Unilever de Mexico, S.de R.L. de C.V. (merged) Glidat Strauss Limited Lever International Marine Sup Lipton Soft Drinks Ireland Limited Mascolo Brothers Limited OOO Unilever Rus P.T. Unilever Indonesia, Tbk. Tigi Holdings Limited Tigi Linea International B.V. UL Research and Development Vlaa Unilever (Malaysia) Holdings Sdn Bhd Unilever ASCC AG Unilever Asia Private Limited Unilever Australasia Unilever Australia Limited Unilever Bangladesh Limited Unilever Brasil Limited Unilever Business and Marketing Support AG Unilever Canada Inc Unilever Canada-Food Solutions Unilever Chile SA Unilever China Limited Unilever De Argentina SA Unilever Deutschland Produktions GmbH and Co. OHG Unilever Employment Services B.V. Unilever Europe IT Unilever Gulf Free Zone Establishment, Arabia Unilever Industries Private Limited Unilever Italy Holdings Srl Unilever Japan Unilever Korea Unilever Lipton Ceylon Limited Unilever Mashreq International Company Unilever N.V. Unilever Overseas Holdings AG Unilever Overseas Holdings B.V. · Unilever Pakistan Limited
Joint Venture :	Kimberly Clark Lever Private Limited
Employees' Benefit Plans where there is significant influence :	· Hind Lever Gratuity Fund · The Hind Lever Pension Fund · The Union Provident Fund

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2,250,000,000	Equity Shares	Re. 1/- each	Rs. 2250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,162,696,292	Equity Shares	Re. 1/- each	Rs. 2162.700 Millions

a) Reconciliation of the number of shares

Equity Shares :	31.03.2014
	Number of shares	Rs. in Millions
Balance as at the beginning of the year	2162472310	2162.500
Add : ESOP shares issued during the year	223982	0.200
Balance as at the end of the year	2162696292	2162.500

b) Rights, preferences and restrictions attached to shares

Equity shares:

The Company has one class of equity shares having a par value of Re. 1 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of Interim Dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

c) Shares in the company held by its holding company and subsidiaries of holding company in aggregate

Equity Shares of Re.1 held by :	31.03.2014
794,806,750 shares(March 31, 2012: 794,806,750 shares) held by holding company	1114.400
340,042,710 shares (March 31, 2012: 340,042,710 shares) held by Subsidiaries of holding company	340.000

d) Details of equity shares held by shareholders holding more than 5% shares of the aggregate shares in the Company

	31.03.2014
Number of shares	114370148
Unilever PLC, UK, the Holding Company	51.53%

f) Aggregate number of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash (during 5 years immediately preceding March 31, 2013)

	31.03.2014
No. of equity shares issued in the last 5 years under the Employee stock option plan/ performance share schemes as consideration for services rendered by employees	5703419

g) Aggregate number of shares bought back during 5 years immediately preceding March 31, 2013

	31.03.2014
No. of equity shares bought back by the company	22883204

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
III. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2162.700	2162.500	2161.500
(b) Reserves & Surplus	30607.800	24577.700	32967.800
(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)	32770.500	26740.200	35129.300
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	2788.200	4762.500	3296.900
(d) long-term provisions	8386.900	7063.400	6669.500
Total Non-current Liabilities (3)	11175.100	11825.900	9966.400
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	57938.900	51676.900	46229.600
(c) Other current liabilities	8529.400	6161.500	5467.700
(d) Short-term provisions	19570.100	18720.200	12789.700
Total Current Liabilities (4)	86038.400	76558.600	64487.000
TOTAL	129984.000	115124.700	109582.700
IV. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	23979.400	22567.900	21175.300
(ii) Intangible Assets	241.200	361.100	299.400
(iii) Capital work-in-progress	3120.800	2053.200	2051.300
(iv) Intangible assets under development	77.000	103.200	103.200
(b) Non-current Investments	6361.700	5480.300	1863.100
(c) Deferred tax assets (net)	1617.300	2047.800	2142.400
(d) Long-term Loan and Advances	6055.100	3842.900	4012.700
(e) Other Non-current assets	6.800	2968.400	0.000
Total Non-Current Assets	41459.300	39424.800	31647.400
(2) Current assets
(a) Current investments	24579.500	17826.300	22519.000
(b) Inventories	27475.300	25269.900	25166.500
(c) Trade receivables	8164.300	8334.800	6789.900
(d) Cash and cash equivalents	22209.700	17078.900	18300.400
(e) Short-term loans and advances	5376.800	6482.600	4807.000
(f) Other current assets	719.100	707.400	352.500
Total Current Assets	88524.700	75699.900	77935.300
TOTAL	129984.000	115124.700	109582.700

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from operations, net	280191.300	258102.100	221163.700
		Other Income	6210.300	6069.000	2783.100
		TOTAL	286401.600	264171.100	223946.800
Less	EXPENSES
		Cost of materials consumed	111598.100	102846.600	85848.900
		Purchases of stock-in-trade	33501.900	32353.100	30241.400
		Changes in inventories of finished goods (including stock-in-trade) and Work-in-progress	(1663.800)	(311.300)	(1287.300)
		Employee benefits expenses	14359.500	13183.400	11072.800
		Other expenses	77643.000	69992.800	59799.900
		TOTAL	235438.700	218064.600	188250.300
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		50962.900	46106.500	35696.500
Less	FINANCIAL EXPENSES		360.300	251.500	12.400
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		50602.600	45855.000	35684.100
Less/ Add	DEPRECIATION/ AMORTISATION		2605.500	2360.200	2182.500
	EXCEPTIONAL ITEMS		2286.800	6084.000	1188.700
	PROFIT BEFORE TAX		50283.900	49578.800	34690.300
Less	TAX		11609.000	11612.100	7776.300
	PROFIT AFTER TAX		38674.900	37966.700	26914.000
	EARNINGS IN FOREIGN CURRENCY
		Exports at FOB (including exports to Nepal and Bhutan)	912.100	1479.600	1620.900
		Income from services rendered	4567.000	5068.400	3277.100
		Others (freight, insurance, claims, etc)	0.000	0.000	0.000
	TOTAL EARNINGS		5479.1	6548.000	4898.000
	IMPORTS
		Raw and packing materials	7359.800	7179.600	7406.600
		Stores, spare parts and components	445.400	225.400	189.400
		Capital Goods	821.100	759.200	381.600
	TOTAL IMPORTS		8626.3	8164.200	7977.600
	Earnings Per Share (Rs.)
	Basic		17.88	17.56	12.46
	Diluted		17.87	17.55	12.45

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	13.50	14.37	12.02
Net Profit Margin (PBT/Sales)	(%)	17.95	19.21	15.69
Return on Total Assets (PBT/Total Assets}	(%)	42.32	47.02	33.54
Return on Investment (ROI) (PBT/Networth)		1.53	1.85	0.99
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.03	0.99	1.21

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2161.500	2162.500	2162.700
Reserves & Surplus	32967.800	24577.700	30607.800
Net worth	35129.300	26740.200	32770.500
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	221163.700	258102.100	280191.300
		16.702	8.558

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	221163.700	258102.100	280191.300
Profit	26914.000	37966.700	38674.900
	12.17%	14.71%	13.80%

LOCAL AGENCY FURTHER INFORMATION

CURRENT MATURITIES OF LONG-TERM DEBT: NOT AVAILABLE

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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS:

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date: 29.05.2013

Lodging No: ITXAL/830/2013 Filing Date: 29.05.2013 Reg. No.: ITXA/1873/2013 Reg. Date: 5.10.2013

Petitioner: COMMISSIONER OF INCOME TAX-1, MUMBAI Respondent: M/S. HINDUSTAN UNILEVER LIMITED

Petn. Adv : SURESH KUMAR Resp. Adv.: MULLA AND MULLA AND C. B. AND CAROE (0)

District: MUMBAI

Bench: SINGLE

Status: Pre-Admission Category: TAX APPEALS

Last Date: 03.10.2013 Stage: FOR REJECTION [ORIGINAL SIDE MATTERS]

Last Coram: REGISTRAR(OS)/PROTHONOTARY and SR. MASTER

Act: Income Tax Act, 1961 UNDER SECTION: 260A

COMPANY INFORMATION

Subject is a public limited company domiciled in India and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company is a market leader in the FMCG business comprising Home and Personal Care (HPC) and Foods and Refreshments. The company has manufacturing facilities across the country and Research and Development centres in Mumbai and Bangalore and sells primarily in India through independent distributors and modern trade.

ECONOMY AND MARKETS

The year witnessed divergent growth globally, led by strengthening of the US economy, uneven and subdued growth in the Euro area and Japan coupled with a slowdown in Developing & Emerging markets.

In the domestic market, growth continued to be muted with the second successive year of sub 5% GDP growth. The year saw steep currency depreciation in an environment where industrial activity remained in contraction mode, consumption demand continued to weaken, while lacklustre capital goods production pointed to stalled investment demand.

With sluggish growth across the larger economy, further compounded by high consumer inflation and weak sentiment, market growth across FMCG categories moderated throughout the year in both volume and value terms. The discretionary categories and premium segments were particularly under pressure. The operating context for the year was challenging, given the backdrop of a market slowdown, a volatile input cost environment and heightened competitive intensity.

The Company’s performance for the year 2013-14 has to be viewed in the context of aforesaid economic and market environment.

PERFORMANCE OF BUSINESSES AND CATEGORIES

Home and Personal Care (HPC)

The Home and Personal Care (HPC) business consists of Soaps, Detergents, Household Care and Personal Products, which includes categories like Skin Care, Hair Care, Oral Care, Colour Cosmetics and Deodorants. During the year, the HPC business registered robust growth ahead of market.

The opportunity for growth in India continues to be immense across all HPC categories. This fact is also reflected in high levels of competitive intensity in the marketplace. The Company believes that both unwavering focus on competitive growth in core categories as well as market development to build segments of future are critical for sustained growth and long term value creation. While focusing on the core categories, the Company has also invested significantly in the segments of future, i.e. the segments which are expected to drive future growth.

Rural continues to be a key area of focus for the Company. During the year, the Company reached out to 8,500 villages across India with an ambition to improve the health and hygiene of children, through school contact and Mohalla programmes. At the School Contact Programme, the Company’s brands, Lifebuoy and Pepsodent, encouraged and educated children on the importance and correct method of handwashing and brushing their teeth. In the Mohalla programme, the Company demonstrated to consumers the benefits and usage of new and emerging categories, such as facewash, hair conditioners and fabric conditioners.

In a highly competitive scenario, where new brands and offerings are entering the market almost every quarter, the Company delivered competitive growth, driven by innovation, sharper in-market execution, competitive marketing and trade investments behind the brands. The Company sustained strong focus on innovation across the portfolio and continued to delight consumers with a range of exciting offerings launched during the year. The Company has also significantly stepped up investment in Digital Media, which is expected to be the media channel of the future. The Company continued to leverage and benefit from the inputs received from Unilever across various aspects of the business, including technology, innovation and communication.

Volatile and rapidly changing commodity markets, including vegetable oil and crude oil, coupled with depreciating currency markets continued posing a major challenge during the year. There were also regulatory changes in the space of media availability, leading to more efficient media buying and better deployment of non-TV led media. Even in this challenging environment, the Company delivered profitable growth through robust cost-saving programmes and judicious pricing, without compromising on the competitiveness of brand investments, both in terms of technology as well as advertising and promotion.

Soaps and Detergents

The Soaps and Detergents segment delivered healthy volume led turnover growth of 8.0% during the year. Further, growth during the year was profitable as segmental profit increased by 10.5%, through a mix of cost savings, supply chain efficiencies and judicious pricing.

Soaps category recorded a very successful year with strong volume growth in a market which saw an overall decline in volumes. The growth was driven by prompt and decisive pricing actions on Lifebuoy, Lux, Breeze and Dove, which gained consumer franchise. These actions were supported by consumer centric activations, effective advertising and sustained high levels of distribution. The growth was witnessed not only in the core bars business, but also in the liquids portfolio, led by Lifebuoy Handwash, where the Company continues to invest behind developing the market through a mix of building penetration and increasing consumption.

Detergents category recorded another year of steady growth with a good balance of price and volume growth. Notwithstanding a challenging economic environment, where category growth slowed and the rate of premiumisation came off, for the Company the performance in the category continued to be led by the premium end. Surf continued to lead category premiumisation with double digit growth, buoyed by the continuing momentum on Surf Excel Easy Wash, since its relaunch in the previous year. The performance in Rin was led by the bars portfolio while powders were re-launched towards the end of the year, with an improved product and new thematic communication. Wheel’s performance progressively stepped up over the year, with the second half benefiting from the re-launch of the powders portfolio as significant investments were made to deliver a superior formulation resulting in quality enhancement for the segment. The brand was further supported by a range of impactful activation including the Gold Coin programme, which was well received. The emerging market development categories of Machine Wash (with Surf Excel Matic) and Fabric Conditioners (with Comfort) continued to perform well. Besides, the Company also initiated the creation of Detergent Liquid market in India with the launch of Surf Excel Detergent Liquid. The Company will continue to focus on driving innovations, exercising cost control across the value chain and delivering effective communication to win in the Detergents category.

Household Care category delivered double digit growth during the year on the back of robust volumes. Vim, which continues to delight consumers through superior product quality and strong advertising, is now a Rs. 1000+ crore brand. Innovations, such as the Anti-Germ mix (bar and liquids) and the monthly tub pack, continue to drive consumption and premiumisation in urban India. At the same time, strengthening the presence across key price points in dishwash bars helped reach new consumers in rural India. Domex strengthened the toilet cleaning business through the launch of an innovative product, Domex Zero Stain. The innovation, aimed at hygiene conscious users who have high incidence of stain problem in toilets, has helped fuel brand growth. Domex Toilet Academy (DTA) programme was launched during the year with an aim to eradicate open defecation by building toilets and improving sanitation facilities. Through the right partnerships, DTA is helping promote the importance of safe and hygienic sanitation practices in local communities.

Personal Products

Personal Products categories comprise Skin Care, Hair Care, Oral Care, Colour Cosmetics and Deodorants. In a challenging market environment, where the growth of discretionary categories has been particularly under pressure, the Personal Products segment delivered a healthy turnover growth of 9.2%. Segmental profit was up by 6.1%, as the Company continued to invest for competitive growth in its core categories, whilst building the segments of the future.

Skin Care category registered good growth in a slowing market. Fair and Lovely was re-launched with a new mix - the ‘Best Ever’ Fair and Lovely - a product that was tailor-made to deliver superior skin lightening results in India. Fair and Lovely registered a step up in its growth trajectory post the re-launch. Vaseline Healthy White, with a proposition of not just giving moisturisation but also instant and lasting skin whitening, was very successful, resulting in double-digit growth for the brand. Dove and Lakmé also grew very well during the year, powered by strong marketing inputs. Lakmé delivered a strong performance during the year on the back of a range of exciting innovations that were launched. Lakmé skin forayed into the anti-aging segment with the launch of Youth Infinity skin cream. In addition, under Lakmé, a new Complexion Care (CC) cream was introduced, the Perfect Radiance range was relaunched and the facial cleansing portfolio was revamped with the addition of new Clean Up range. Pond’s launched BB+ cream in India to leverage on the global beauty trend catering to consumers looking for instant optical radiance.

Hair Care delivered a strong year of volume led broad based double digit growth. Dove, Sunsilk and Clinic Plus grew in double digits during the year. The TRESemmé proposition of ‘Salon like hair, at home everyday’ has been well received by consumers. The brand which was introduced in September 2012 has made very good progress and been instrumental in accelerating the premiumisation agenda. The fact that the brand neared the significant milestone of Rs. 100 crores of annual turnover in its very first full year post launch is an example of efficiently leveraging the global Unilever portfolio to win locally with consumers. In addition, the Company launched Toni and Guy, another premium brand from the global Unilever hair portfolio. It is the first time that the Company launched the brand through e-commerce. Going forward, Toni and Guy will be rolled out in select stores across India. The Company continued to focus on market development by investing strongly behind the emerging high potential hair conditioners segment, thereby growing ahead of the market.

In Oral Care, significant investments were made to sustain competitive position in the category, as competitive intensity stepped up dramatically in the course of the year. The Company continued to focus on strengthening the Oral Care brands and the portfolio, despite the intense competitive pressure. Pepsodent Germicheck was re-launched during the year with an improved formulation with better germ attack power. Pepsodent also continued to strengthen its expertise and authority credentials through the Expert Protection range and with a strong dental community programme. The growth in Closeup continued to be led by a range of exciting activations. The Company has also significantly revamped its toothbrushes business model by pruning and sharpening the portfolio during the year.

In the Deodorant portfolio, through Axe, the Company continued to deploy exciting innovations and impactful campaigns. The ‘AXE Blast’ campaign, endorsed by a popular Bollywood youth icon, was well received by consumers. The Company has strong innovation plans for the forthcoming year in this category. The Company currently imports a large portion of deodorants in the aerosol form. Unilever is in the process of implementing a project to establish a world class deodorants manufacturing facility in India. This facility will provide a regular supply of high quality deodorant products to cater to markets across the world, including India.

Lakmé Colours has had an exceptional year with high double digit growth. The reinvention of the brand as ‘Pro-stylist’ across makeup, skin and salon has brought its expert credentials to the forefront through premium innovations in skin care and makeup. In makeup, the Company has launched the 9 to 5 platform - to address working women, many first to market innovations under Absolute like Gel nails and Face Stylist and limited editions like Pop Tints. The premium segment contribution for makeup has grown particularly well in the last two years. The Lakmé brand has seen a step up in investments and all key innovations have been executed through the beauty advisory channel, where expansion of footprint and activation through bringing the brand proposition alive at retail has contributed to the market development. Lakmé has also leveraged the digital communication channel, through ‘how to’ videos, to educate consumers on using makeup and adopting new regimes in skin care.

Foods Beverages (FandB)

The Foods and Beverages (FandB) portfolio of the Company comprises Tea, Coffee, Processed Foods, Frozen Desserts, Ice Creams, Bakery products and Out of Home operations, including BRU World Café.

During the year, FandB business delivered strong double digit growth in a challenging market context. This was driven by a single minded focus on the core brands and driving market development across key categories. The Packaged Food category continues to represent a significant consumer and business opportunity, given the shifts in the income pyramid, increase in working women, growing health concerns and the need for taste with convenience. The Company is consistently focused on developing newer offerings that can best fulfil existing and emerging consumer needs. The Company continues to focus on driving availability and distribution, alongside building salience for its brands and relevance. In addition, the Company is driving upgradation across categories with strong research and development support from Unilever and a deep insight into Indian consumer and customer needs.

Beverages

The Beverages segment delivered 12.4% turnover growth in the year, well ahead of the market, on the back of a strong double digit performance in Tea. This was accompanied by a significant step up in segmental profits which increased by 22.4%.

At the onset of the year, the Packet Tea market witnessed steep commodity inflation which drove market to volume decline. Despite this environment, the Company delivered competitive and profitable growth. The double digit growth across all brands was driven by a strengthened mix and focused in-market activities.

The Company drove its five leading brand positions across India, with all brands recording healthy volume growth and growing across major geographies. Across both the premium and popular price segments, brands grew competitively. Taj Mahal and 3 Roses continued to drive premiumisation and Red Label and Taaza offered unbranded tea users a good mix of superior, great tasting tea and value. Taj Mahal and Lipton continued to grow the tea bags market through market development. The Company strengthened its position in every segment of tea bags market, particularly flavoured and green tea.

The Instant Coffee market was challenged for growth in the context of steep commodity inflation in the previous year with the accompanying drop in consumption, particularly in the core South markets. In this context, the Company’s focus was to drive back lapsers to the category, through enhanced product experience and market development efforts. The Company also continued to drive BRU Gold – a premium offering, targeted at new age consumers of coffee in the non-traditional markets. BRU Gold met with good success as the franchise grew competitively ahead of markets.

Packaged Foods

The Packaged Foods segment of the Company comprises culinary products such as jams, ketchups and squashes under Kissan; soups, soupy noodles and meal makers under Knorr; branded staples (atta and salt) under Annapurna; bakery products under Modern; and frozen desserts / ice creams under Kwality Wall’s and Magnum. The segment delivered 10.0% turnover growth with a segmental profit growing by 65.5% during the year, as the Company continued to drive efficiencies and mix, while continuing to invest in building this business.

Kissan sustained its strong, consistent performance, delivering another year of double digit growth, driven by impactful activation around unlocking everyday relevance. A strong insight of the ‘Tiffin-moment’ being a stress point in the mother’s life resulted in a solution in the form of ‘Kissan Rolls’, where mothers could give their kids healthy vegetables made tastier with Kissan in the form of a roll. This singular message, along with our reiteration of the fact that Kissan is made from 100% tomatoes through ‘Kissanpur’, made Kissan the brand of choice. During the year, Kissan moved up 70 places in India’s Most Trusted Brands. The consumer preference, along with a strong distribution increase across both Ketchup and Jam, resulted in the business growing significantly faster than the market.

The performance of Knorr in the year was led by Soups, with the convenient Instant Soups single serve format doing particularly well. The Company has increased the focus on core soup markets and ensured that the brand salience is at its highest in these markets. The Company also invested behind the instant ‘cup-a-soup’ range, as this portfolio is driving growth for the soups category, given its consumer offering of tasty and healthier products, at a very affordable price. Knorr Soupy Noodles was restaged at the start of the year. The Knorr Meal Maker portfolio was also re-launched and has met with an encouraging initial response.

During the year, the Company focused on growing the Annapurna business profitably. Towards achieving this objective, the Company made sharp choices on the brand’s footprint and improved its cost structure. As a result, there is a significant progress in brand profitability, which now allows the Company to be competitive and invest back in the brand.

The Company also significantly focused on young nascent experiential marketing. Given that most of the play is in market development categories, it is critical that consumers sample the Company’s products and discover the great taste and convenience that the products offer.

Modern Foods, a portfolio of Bakery Foods, continued its momentum delivering strong double digit growth with improved profitability. The Company stepped up distribution network in new geographies and this initiative has yielded encouraging results. Key innovations like Oats and Ragi Wheat Bread, festive Cakes and Cookies, coupled with improved operational efficiencies contributed well to the growth and profitability of the Modern Foods business.

During the year, the Frozen Desserts business faced a challenging external environment with slowing discretionary spends and a shorter season. But with long term positive outlook, the Company continued investing behind the distribution expansion and building big brands. Cornetto grew ahead of market on the back of distribution and strong communication. Cornetto also remained at the forefront of your Company’s digital strategy. Cornetto’s Facebook page was adjudged as No.1 in India by an advertising magazine. Magnum, Unilever’s most premium ice cream brand, was test piloted in Chennai during 2013 and met with a very good response. Magnum was rolled out to four more cities in the beginning of 2014. Modern Trade performance has been very good in Ice Creams as the Company strengthened its position in this key channel. During the year, the Company also rolled out Perfect Stores programme, a first for the category and the performance across these stores has been leading overall category growth. Availability and visibility are still the core drivers of the business and the Company continued investing behind them. The Company is driving efficiencies in the business, particularly in asset management and infrastructure, while stepping up investments behind big impulse brands, viz. Magnum, Cornetto and Paddle Pop.

Water

Pureit is the world’s largest selling range of water purifiers in non-pitcher and non-faucet mount segment. Pureit was ranked as the most trusted brand in water purifiers in Brand Equity’s 2013 Most Trusted Brands Survey. The brand continues to strengthen its position in a slowing and weak consumer durables market. During the year, Pureit’s new product innovations focused on driving superior functionality and aesthetics at a lower cost, with the launch of Pureit Marvella Slim RO, a premium water purifier at an affordable price. Pureit Marvella Slim RO has helped Pureit strengthen its position in the electric water purifier segment. The launch of ‘Save 3 Gas Cylinders’ communication for storage purifiers was another testimony to Pureit’s pioneering innovativeness in terms of driving market development of water purifiers by establishing cost and convenience advantage over conventional methods of purification. Pureit associated with Miss India World 2013 winners, to spread awareness about the importance of safe drinking water under its ‘Unilever Pureit Protecting Lives Programme’. During the year, the Company focused on widening its distribution reach for its range of purifiers in different retail formats across the country. Substantial progress was made in evolving the Germkill kits business for storage purifiers and also improving in-store execution for the premium range of purifiers. The focus on driving category premiumisation continues with the launch of Pureit Ultima UV + RO towards the end of the year. The product, which by far is the most premium offering from Pureit, offers advanced technology and superior aesthetics met with a very encouraging response from consumers in the early days since its launch.

Exports Business

FMCG Exports (Unilever India Exports Limited)

Unilever India Exports Limited (UIEL) is a wholly owned subsidiary of the Company, engaged in FMCG Exports business. The focus of the FMCG exports operation is two-fold (a) to develop overseas markets by driving distribution of ethnic brands, such as Kissan, BRU, Brooke Bond, Lakmé, Pears among the Indian diaspora in international markets, (b) to effectively provide cross border sourcing of FMCG products to other Unilever companies across the world.

The Home and Personal Care segment in the exports business has witnessed a stable year, driven primarily by Soaps and Hair Care. Brands like Pears have registered healthy growth in the focused markets through strong advertising and activation support and have received strong accolades from the consumers in the UK market. For Unilever sourcing countries, Lifebuoy has delivered double digit growth post its launch across Asian markets. Fair and Lovely and Vaseline Jelly continue to show stable growth in the key geographies of the Middle East. The Foods and Beverages segment of the business witnessed a modest growth. Instant Tea / Packet Tea and premix witnessed strong double digit growth, whereas coffee sales remained steady. The profitability of the overall segment improved significantly with focused cost reduction programmes.

Non-FMCG Exports

In the specialty business, which continued to be a part of the Company post the demerger of FMCG Exports business to UIEL, Rice maintained a flat performance, while continuing to focus on expanding geographies, seeding opportunities and marketing/ brand building initiatives to accelerate growth in the coming years.

Leather (Pond’s Exports Limited)

The Leather business performed well with improved operating profitability and robust double digit sales growth. This performance was achieved through new product designs, excellent customer service, world class quality and cost innovations.

Beauty and Wellness (Lakme Lever Private Limited)

Lakme Lever Private Limited (LLPL), a wholly owned subsidiary of the Company, has 225 salons, of which 57 are Company owned / managed and 168 are franchisee salons. LLPL delivered double digit salon growth for the fourth consecutive year, although the market slowed down by consumers pulling back on discretionary spends. Net expansion improved from 8 salons in the previous year to 36 salons in this financial year. Innovations like the Perfect Radiance and Youth Infinity facial rituals have delighted consumers and driven growth. The flagship Lakmé Absolute Salon, which magnifies the backstage experience with professional styling expertise and bespoke beauty rituals, was launched in Mumbai. The Company will continue to support LLPL to drive growth in this attractive market opportunity.

Hindustan Unilever Network

Hindustan Unilever Network business consists of three major brands, Aviance (Personal Care), Lever Ayush (Health Care) and Lever Home (Detergents, Household Care and Toothpaste).

The year has been extremely challenging for the entire direct selling industry, including for the Company, due to ambiguity on acceptable norms for direct selling in India. As responsible corporate citizens, the Company has always conducted its business within the framework of Indian law and has recently re-launched its compensation plan to be more competitive. The Company is reviewing the strategy for this business.

Kimberly Clark Lever Private Limited (KCL)

KCL is a Joint Venture between the Company and Kimberly- Clark Corporation, USA, with infant care diapers as its primary product category. The year witnessed a strong growth delivery by Huggies brand led by Huggies Wonder Pants. The re-launched Huggies Wonder Pants with improved product features and performance had a good growth momentum throughout the year. The low penetration levels in India’s infant care diapers markets offer significant growth potential for this category. This growth opportunity has attracted increased levels of competitive intensity in the recent past with multinationals making significant investments in India.

To participate effectively in this growth opportunity, KCL aims to bring in regular innovations to the market through sustained and appropriate investments in the short to medium term. As a Joint Venture partner, the Company remains committed to this business.

OUTLOOK

Global economic indicators are expected to improve, led by positive prospects in advanced economies. Despite a strengthening external demand, uncertainty continues to loom large on the economic horizon of some emerging economies owing to domestic fragilities. The global economic climate continues to be volatile, uncertain and prone to geo-political risks.

For India, economic activity is expected to improve modestly, driven by global economic revival and moderation in inflation. Upside pressures on inflation and consumption, hinge on the vagaries of the monsoon and the pace of revival of the investment climate will determine to a very large extent India’s economic performance, going forward.

FMCG markets are expected to grow; however, uncertain global economic environment, inflation and competitive intensity continue to pose challenges. While the near term conditions pose a challenge for the economy, the medium to longer term secular trends based on rising incomes, aspirations, low consumption levels, etc. are positive and an opportunity for the FMCG sector, in general and for the Company, in particular.

Cautionary Statement

Statements in this Report, particularly those which relate to Management Discussion and Analysis, describing the Company’s objectives, projections, estimates and expectations, may constitute ‘forward looking statements’ within the meaning of applicable laws and regulations and actual results might differ

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80067270	12/05/1999	695,000,000.00	DEUTSCHE BANK	HAZARIMAL SOMANI MARG,, FORT, MUMBAI, MAHARASHTRA  - 400023, INDIA	-
2	80067269	12/05/1999	900,000,000.00	PUNJAB NATIONAL BANK	FORESHORE ROAD BRANCH, MUMBAI, MUMBAI, MAHARASHTRA - 400023, INDIA	-
3	80067343	12/05/1999	1,190,000,000.00	STANDARD CHARTERED BANK	M.G.ROAD, MUMBAI, MUMBAI, MAHARASHTRA - 400023, INDIA	-
4	80067342	02/02/1999	385,000,000.00	HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED  (HONGKONG BANK)	52/60, M.G. ROAD, MUMBAI, MUMBAI, MAHARASHTRA - 400023, INDIA	-

* Date of charge modification

CHANGE OF ADDRESS:

The registered office of the company has been shifted from Hindustan Lever House, 165/166, Backbay Reclamation, Mumbai – 400020, Maharashtra, India to the present w.e.f.01.01.2012

FIXED ASSETS:

Ø Land

Ø Buildings

Ø Plant and Machinery

Ø Railway Sidings

Ø Furniture and Fixtures

Ø Office Equipments

Ø Motor Vehicles

Ø Others

CONTINGENT LIABILITIES:

Particulars	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
Claims against the company not acknowledged as debts
Income-tax matters	5459.000	4685.600
Sales tax matters - Rs. 517.200 Millions (2010-12 - Rs. 602.800 Millions) net of tax	800.500	783.500
Excise and Customs duty matters - Rs 937.100 Millions (2010-12 - Rs. 585.200 Millions) net of tax	2008.900	1419.600
Other matters including claims related to employees/ex-employees, property related demands, etc - Rs. 528.100 Millions (2010-11 - Rs. 351.000 Millions) net of tax a) It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending resolution of the respective proceedings b) The Company does not expect any reimbursements in respect of the above contingent liabilities. c) Future cash outflows in respect of the above are determinable only on receipt of judgements / decisions pending with various forums / authorities	692.900	800.000
Total	8961.300	7688.700

AS PER WEBSITE

PRESS RELEASES

UNILEVER HELPS FAMILIES LIVE MORE SUSTAINABLY AT HOME

21-05-2014 : New Sunlight Living Challenge calls on Mumbai residents to reduce water usage at home to help create a brighter future for children

MUMBAI, 21 May 2014– A new programme from Unilever is challenging Indian families to live more sustainably to create a brighter future for children, while having fun together. The Sunlight Living Challenge forms part of Unilever’s Project Sunlight, a long-term initiative to motivate millions of people to live more sustainably.

The Sunlight Living Challenge calls on people of all ages to help protect the health of the planet by taking small, positive steps towards building a ‘greener’, more sustainable lifestyle in their own homes. Over the next three months, a group of 10 families from across Mumbai will be trying to do exactly that by reducing unnecessary water usage.

The children from these participating families are being urged to become water saviors and focus on saving water in their homes, through small everyday actions. Children will lead this challenge, by spreading awareness about ideas to save water and coming up with water-saving innovations. The families will be quizzed on their Water IQ and their daily progress and experiences will be monitored. At the end of the campaign, the most responsible family will win the ‘Water Champions Award’ and a prize

The launch of the Sunlight Living Challenge is the second phase of Project Sunlight, an ongoing Unilever initiative that has seen millions of people go online and pledge an ‘act of sunlight’: a promise to change their lifestyle to help preserve the planet for generations to come.

The Sunlight Living Challenge is supported by the release of a new Unilever film, "The Way Kids See It". The film brings to life the hopes, dreams and plans for a better world that are nurtured by our children. These children’s stories will motivate families – especially adults – to live more sustainably.

The Sunlight Living Challenge is open to everyone. Those wishing to take part can do so in three simple steps:

Visit www.projectsunlight.co.in to SEE "The Way Kids See It" film and read about the different activities available as part of the Sunlight Living Challenge

ACT by choosing an activity to complete and, in doing so, take small, positive steps to a more sustainable lifestyle at home

JOIN a like-minded community of individuals sharing their personal stories and tips to inspire others to take part using #brightfuture

It also follows international research showing that 70% of children know ‘a lot’ or ‘something’ about four or more of the major global issues, such as climate change and world hunger. [1] The findings revealed that 75% of parents view activities that help protect the environment as a good way to spend time with their kids, while, eight out of 10 children were found to be eager to do more ‘green’ activities together with their family, particularly if they are fun.[2]

The Mumbai challenges follow a similar initiative that took place in the UK last year. It saw 12 families from different parts of the country significantly reduce their household waste and cut their weekly shopping bills just by taking small, everyday steps to live more sustainably.

For further information and to take part in the Sunlight Living Challenge, people can visit http://www.projectsunlight.co.in or follow the

conversation on Facebook andTwitter using #brightfuture.

ENDS

Notes to Editors

For further information, please contact

Email: mediacentre.hul@unilever.com

Telephone: Prasad Pradhan - 022 39832429, R Ram - 022 39832413

About the Sunlight Children Film

“The Way Kids See It” film which shows how children around the world are already making a difference and will be the motivation for families to live more sustainably, towards a brighter future.

The film was directed by Daniel Gordon, a BAFTA nominee British documentary film director who has also been a British Independent Film Awards nomination.

About Project Sunlight

Project Sunlight is a long-term Unilever initiative to motivate millions of people to live more sustainably by inspiring them to build a brighter future for children. It aims to create a growing community of people who believe it is possible to build a world where everyone lives well and sustainably, without compromising the needs of future generations. In 2013, Project Sunlight helped create a brighter future for two million children in US, UK, Brazil, India and Indonesia. To date, it has also inspired over 70 million people worldwide to commit to living more sustainably by visiting www.projectsunlight.co.in and making an “act of sunlight” pledge. The Sunlight Living Challenge represents the second phase of Project Sunlight. It seeks to encourage families all over the world to adopt new sustainable habits at home through a series of fun, green challenges.

About Hindustan Unilever Limited

Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods Company touching the lives of two out of three Indians. HUL works to create a better future every day. We help people feel good, look good and get more out of life with brands and services that are good for them and good for others.

HUL MARCH QUARTER 2014 FINANCIAL RESULTS

28-04-2014 : Hindustan Unilever Limited announced its results for the quarter ending 31 March 2014. During the quarter, the Domestic Consumer business grew at 9%, ahead of market, with 3% underlying volume growth.

Soaps and Detergents: Healthy performance

Skin Cleansing delivered double digit growth, aided by a step up in price growth as judicious pricing actions were taken to manage input cost inflation. Growth was broad based across brands with the liquids portfolio seeing accelerated growth.

In Laundry, growth was led by the premium segment with Surf maintaining its double digit growth momentum and Rin delivering good growth on the bars portfolio. Wheel growth stepped up on the back of its re-launch in the last quarter. Comfort Fabric Conditioners continue to lead market development with sustained high growth. Vim led the performance in Household Care.

Personal Products: Growth in a challenging environment

Skin Care grew well in a soft market. The re-launch of Fair & Lovely, with the new ‘Best Ever Formula’ and supported by a focused activation plan, is yielding positive results. Ponds had a good quarter at the premium end while Lakme and Dove sustained their robust performance. The Facial Cleansing portfolio registered broad based growth driven by innovations launched in previous quarters.

Hair Care sustained volume led double digit growth with Dove delivering another strong performance and Clinic Plus doing well. TRESemmé, which saw the addition of a new Split Remedy variant, continued to make very good progress.

In Oral Care, significant investments were made to sustain our competitiveness in the category. While Close Up grew in the quarter, Pepsodent was impacted by the high promotional intensity in the market. Actions are underway to step up performance.

Colour Cosmetics maintained its strong innovation led growth momentum across both Lakme and Elle 18. Lakme continues to strengthen its position in premium make up driven by a range of exciting and contemporary offerings. 

Beverages: Growth led by Tea

Tea sustained double digit growth on the back of stepped up volumes. Taj Mahal, Red Label and 3 Roses grew in double digits, driven by a strengthened mix and focused in-market activities. The thrust on leading market development for tea bags saw flavoured and green tea bags more than double sales in the quarter. In Coffee, Bru Gold continued to perform well. 

Packaged Foods: Strong performance by Kissan, Kwality Walls and Magnum

Kissan registered another robust quarter with growth accelerating on both Ketchups and Jams, driven by impactful activation while Knorr growth continued to be led by Instant Soups which more than doubled volumes. Ice Creams saw strong growth arising from the selling in of Magnum which was extended to 4 other cities, and sharper in-market execution on Kwality Walls, ahead of the season.

Profitable growth sustained

The operating context during the quarter remained challenging with slowing market growth and high competitive intensity. Firm input costs were managed through a mix of judicious pricing and cost savings. Brand investments were sustained at competitive levels with higher advertising spend being offset by lower promotional activities. Profit before interest and tax (PBIT) grew by 11% and PBIT margin improved by 30 bps. Profit after tax before exceptional items, PAT (bei), grew by 7% to Rs. 832 Crores while Net Profit at Rs.872 Crores was up 11%.

Financial Year 2013-14: Competitive and profitable growth

The Domestic Consumer business grew by 9% with 4% underlying volume growth, ahead of market. Profit before interest and tax (PBIT) grew by 12% with PBIT margin improving 40 bps. Profit after tax but before exceptional items, PAT (bei), grew by 7% to Rs. 3555 Crores with Net Profit at Rs. 3867 Crores growing 2%. Net Profit growth was impacted by the significant property sale in the previous year. Cash generated from operations at over Rs. 5000 Crores for the year, was up Rs 462 Crores over the previous year. 

The Board of Directors has proposed a final dividend of Rs. 7.5 per share for the financial year ending 31st March, 2014, subject to the approval of the shareholders at the Annual General Meeting. Together with interim dividend of Rs 5.5 per share, the total dividend for the financial year ending 31st March, 2014 amounts to Rs. 13.0 per share. 

Harish Manwani, Chairman commented: “Against the backdrop of a challenging environment, we have delivered another year of competitive and profitable growth. We stepped up investment behind our brands and innovations, whilst driving cost savings and operational efficiencies with even greater rigor. Looking ahead, we are confident that our strategy is on track to deliver sustainable long term growth and margin improvement.”

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 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. 60.10
UK Pound	1	Rs. 102.32
Euro	1	Rs. 82.75

INFORMATION DETAILS

Information Gathered by :	NYN
Analysis Done by :	KRN
Report Prepared by :	ASH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	10
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	9
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		80

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	--