Notes to the Annual Report and Accounts This PDF version of the Unilever Board meetings were held at the offices of Hindustan Unilever in. Hindustan Unilever is India’s largest Fast Moving. Consumer .. Annual Report Hindustan Unilever Limited Annual Report . BSE Limited.0 * 80 Fixed Assets Turnover (No. crores) Earnings.
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HUL Auditor’s Report
NIFTY 50 10, 2. Drag according to your convenience. The directors have pleasure in presenting the 28th annual report together with the audited accounts for the year ended 31st March Sales 20008-09 vehicles in the domestic market increased toas compared toin the previous year showing a growth of 1.
The overall growth was 3. The increase in the material cost on account of substantial increase in commodity prices and adverse foreign exchange fluctuations adversely affected the profits of the Company. The Company made all out efforts to mitigate this impact undertaking measures to curtail cost in various areas of its business operations. Profit before tax PBT stood at Rs.
Hindustan Unilever Ltd.
The rating underscores the financial strength of the Company in terms of the highest safety with regard to timely fulfillment of its financial obligations. The Company is thus certified to meet international standards for maintaining information security.
The Company also has an ISO The Company is subject to re-assessment at nanual intervals for re-certification. The Companys press shop has TS certification which is subject to re-assessment at regular intervals. Zigwheels Car of the year award for A-star. Automotive technology of the year for newly launched K10 B Engine; b. Manufacturer of the year; c.
Special commendation annuao the Company for its contribution to the Indian auto industry, a tribute to the Companys silver jubilee. Inthe insurance business generated a total income of Rs.
Profit before tax PBT for was Rs. The total new policies issued during the year werewhile 1, policies were renewed.
HUL Auditors Report
The seventh subsidiary namely True Value Solutions Limited has contributed towards smooth operations of business processes and supported the dealerships in enhancing the sale of certified pre-owned cars under the brand Maruti True Value. It has contributed significantly to the efforts of customer retention by facilitating re-purchase of new cars and has made significant contribution towards enhancing dealers profitability.
These documents will be made available upon request by any investor of the Company or subsidiary companies and shall be kept for inspection by any investor at the registered office of the Company.
Further, pursuant to Accounting Standard AS hlu by the Institute of Chartered Accountants of India, consolidated financial statements presented by the Company include the financial information of its subsidiaries.
A total of man-days of training were conducted for employees across all levels with an average training of 5 days per employee during the year. The Company has spent about Rs. The training programmes vary for employees at different levels. Similarly, for employees at executive and senior executive levels, programmes based on six sigma, lean manufacturing, negotiation skills, MS- project, finance management and vehicle financing, value stream mapping, project management, quality control tools, neuro linguistic skills, innovation and creativity, corporate business etiquette, communication and presentation skills, etc.
For employees at top management level, programmes based on leadership, business strategy, etc. The Company also has higher education schemes for its employees. Pallavi Shroff and Mr.
Shuji Oishi, directors of the Company, retire by rotation at the ensuing annual general meeting and being eligible, annuap themselves for re-appointment. However, as per the provisions of section 1 b iv of the Companies Act,the annual report is being sent to all the shareholders of the Company excluding the aforesaid information. Any shareholder interested in obtaining such particulars may write to the Company Secretary at the registered office of the Company.
A certificate from the auditors has been received to the effect that their re-appointment, if made, would be in accordance with section 1B of the Companies Act, Your directors also take this opportunity to place reporr record their gratitude for timely and valuable assistance and support received from Suzuki Motor Corporation, Japan. The board also places on record its appreciation for the enthusiastic co- operation, hard work and dedication of all the employees of the Company including the Japanese staff, dealers, vendors, customers, business associates, auto finance companies, state government authorities and all concerned without which it would not have been possible to achieve all round progress and growth of the Company.
Corporate Governance 50 Hindustan Unilever Limited | abhimanyu sekhri –
The directors are thankful to the shareholders for their continued patronage. For and on behalf of the board of directors Shinzo Nakanishi R. Maruti Suzuki India Ltd.