Aditya Birla Group

Aditya Birla GroupAditya Birla Group

Type PrivateIndustry ConglomerateFounded 1857[1]

Founder(s) Ghanshyam Das BirlaHeadquarters Mumbai, Maharashtra, IndiaArea served WorldwideKey people Kumar Mangalam Birla (Chairman)

Products

Metals, cements, textiles, chemicals, agribusiness, carbon black, mining, wind power, insulators, telecommunications, financial services, information technology, retail, trading solutions

Revenue US$ 40 billion (2012)[2]

Employees 136,000 (2012)[3]

Subsidiaries List of subsidiariesWebsite www.adityabirla.com

The Aditya Birla Group is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra, India.[4] It operates in 33 countries with more than 133,000 employees worldwide.[5]

The group interests in sectors such as viscose staple fibre, metals, cement, viscose filament yarn, branded apparel, carbon black, chemicals, fertilisers, insulators, financial services, telecom, BPO and IT services.

The Aditya Birla group is a diversified conglomerate with a total revenue of approximately US$40 billion in year 2012.[2][6] The group was founded by Ghanshyam Das Birla. With a gross revenue of USD 40 Billion (in 2012) it is the third largest Indian conglomerate behind Tata Group with revenue of nearly USD 100 Billion and RIL with revenue of USD 76 Billion.

Organization

Aditya Birla Group consists of five main companies that operate in various industry sectors through subsidiaries, joint ventures, etc. These are Hindalco, Grasim, Aditya Birla Nuvo, Idea Cellular and UltraTech Cement.

The Group operates in 33 countries – Australia, Austria, Bahrain, Bangladesh, Brazil, Canada, China, Egypt, France, Germany, Hungary, India, Indonesia, Italy, Japan, Korea, Laos, Luxembourg, Malaysia, Myanmar, Philippines, Poland, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Thailand, UAE, UK, USA and Vietnam.

Non-ferrous metals

Main articles: Hindalco and Novelis

The Group's non-ferrous metals are under Hindalco.[7] Its manufacturing locations are primarily in India and it owns mines in Australia. On 11 February 2007, the company entered into an agreement to acquire the Canadian company Novelis for U$6 billion,[8] making the combined entity the world's largest rolled-aluminium producer. On 15 May 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. The Group plans to close a part of its aluminum foil making mill in UK and shift that to its plant near Nagpur.[9][10]

Hindalco makes alumina chemicals, primary aluminum, rolled products, alloy wheels, roofing sheets, wire rods, cast copper rods, copper cathodes and several other products.[11]

Cement

Main articles: UltraTech Cement and Grasim Industries

The Group's cement business was earlier under Grasim Industries and UltraTech Cement. The two entities have now been merged into UltraTech Cement to form India's largest cement company. UltraTech Cement was acquired from L&T in 2004.

Carbon black

After purchasing Columbian Chemicals Co (Press Release), the Group is now the largest manufacturer of Carbon Black worldwide.[12]

Textile business

Main article: Grasim

The Aditya Birla Group is the world's largest producer of Viscose Staple Fiber industry.[13] It operates from India, Laos, Thailand, Malaysia and China. It owns the Birla Cellulose brand. Apart from viscose staple fiber, the group also owns acrylic fiber businesses in Egypt and

Thailand, viscose filament yarn businesses and spinning mills in India and South East Asia. The group has pulp and plantation interests in Canada and Laos. The Aditya Birla group is also involved in garment manufacturing in India.

Telecom Services

Main article: Idea Cellular

Aditya Birla Group is the majority shareholder of Idea Cellular.[14] Idea Cellular was started as a joint venture with the group, AT&T and the Tata Group. After an Initial Public Offering on the Indian Stock Markets, Idea Cellular now accounts for a third of the group's market capitalization. The company is headquartered in Mumbai.

Aditya Birla Group of Companies

Aditya Birla Minacs Worldwide Limited Samruddhi Cement Novelis Inc. Aditya Birla Minerals Aditya Birla Chemicals (India)Limited Utkal Alumina International Limited Dahej Harbour & Infrastructure Limited Aditya Birla Science and Technology Company Limited Tubed Coal Mines Limited Birla Sun Life Asset Management Company Limited Aditya Birla Finance Limited Aditya Birla Money Mart Limited Aditya Birla Money Limited Aditya Birla Insurance Brokers Aditya Birla Capital Advisors Private Limited Idea Cellular Limited Madura Fashion & Lifestyle Essel Mining and Industries Aditya Birla Retail Thai Rayon Indo Thai Synthetics Thai Acrylic Fibre Thai Carbon Black Aditya Birla Chemicals (Thailand) Limited Birla Laos Pulp and Plantations Company Limited Indo Phil Textile Mills Indo Phil Cotton Mills Indo Phil Acrylic Manufacturing Corporation Pan Century Surfactants Inc. PT Indo Bharat

PT Elegant Textile Industry PT Sunrise Bumi Textiles PT Indo Liberty Textiles PT Indo Raya Kimia Swiss Singapore Overseas Enterprises Pte Limited Alexandria Carbon Black Company SAE Alexandria Fiber Company SAE Liaoning Birla Carbon Company Limited Birla Jingwei Fibres Company Limited Domsjö Fabriker

Philanthropy

The group's philanthropic activities are looked after by Mrs Rajashree Birla.[15] Group also runs 45 schools and 18 hospitals.

Schools

Sarala Birla Academy Aditya Birla Public School, Renusagar Aditya Birla Public School, Renukoot Aditya Birla World Academy, Mumbai Aditya Birla Intermediate College

Institutes

Birla Institute of Technology and Science - Pilani, Goa, Dubai, Hyderabad.

Introduction

Aditya Birla Group  

A US $40 billion corporation, the Aditya Birla Group is in the League of Fortune 500. It is anchored by an extraordinary force of over 136,000 employees, belonging to 42 different nationalities. The Group has been ranked Number 4 in the Global 'Top Companies for Leaders' survey and ranked Number 1 in Asia Pacific for 2011. 'Top Companies For Leaders' is the most comprehensive study of organisational leadership in the world conducted by Aon Hewitt, Fortune Magazine and RBL (a strategic HR and Leadership Advisory firm). 

Over 53 per cent of its revenues flow from its overseas operations. The Group operates in 36 countries – Australia, Austria, Bangladesh, Brazil, Canada, China, Egypt, France, Germany, Hungary, India, Indonesia, Italy, Ivory Coast, Japan, Korea, Laos, Luxembourg, Malaysia, Myanmar, Philippines, Poland, Russia, Singapore, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Thailand, Turkey, UAE, UK, USA and Vietnam.

Globally, the Aditya Birla Group is: :: A metals powerhouse, among the world’s most cost-efficient aluminium

and copper producers. Hindalco-Novelis is the largest aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia, with the largest single location copper smelter. 

:: No.1 in viscose staple fibre

:: No.1 in carbon black

:: The fourth-largest producer of insulators

:: The fifth-largest producer of acrylic fibre

:: Among the top 10 cement producers

:: Among the best energy-efficient fertiliser plants

:: The largest Indian MNC with manufacturing operations in the USA

In India: :: The largest fashion ( premium branded apparel) and lifestyle player

:: The second-largest manufacturer and largest exporter of viscose filament yarn

:: The largest producer in the chlor-alkali sector

:: Among the top three mobile telephony companies

:: A leading player in life insurance and asset management

:: Among the top two supermarket chains in the retail business

:: Among the top 6 BPO companies

:: The largest manufacturer of linen fabric

Rock solid in fundamentals, the Aditya Birla Group nurtures a culture where success does not come in the way of the need to keep learning afresh, to keep experimenting.

Beyond business - The Aditya Birla Group:

:: Works in 3,000 villages.

:: Reaches out to seven million people, annually through the Aditya Birla Centre for Community Initiatives and Rural Development, spearheaded by Mrs. Rajashree Birla.

:: Focuses on healthcare, education, sustainable livelihood, infrastructure and espousing social reform in India, Asia, Egypt, Philippines, Thailand, Laos, Indonesia, Korea and Brazil.

  In India:

:: Our Group runs 42 schools, which provide quality education to 45,000 children. Of these, over 18,000 children receive free education.

:: Its 18 hospitals tend to more than a million villagers.

:: In line with its commitment to sustainable development, has partnered with the Columbia University in establishing the Columbia Global Centre’s Earth Institute in Mumbai.

:: To embed CSR as a way of life in organisations, has set up the FICCI – Aditya Birla CSR Centre for Excellence, in Delhi.

Transcending the conventional barriers of business because we believe it is our duty to facilitate inclusive growth.

Type of company

Type PrivateIndustry ConglomerateFounded 1857[1]

Founder(s) Ghanshyam Das BirlaHeadquarters Mumbai, Maharashtra, IndiaArea served WorldwideKey people Kumar Mangalam Birla (Chairman)

Products

Metals, cements, textiles, chemicals, agribusiness, carbon black, mining, wind power, insulators, telecommunications, financial services, information technology, retail, trading solutions

Revenue US$ 40 billion (2012)[2]

Employees 136,000 (2012)[3]

Subsidiaries List of subsidiariesWebsite www.adityabirla.com

Company Creation and document

Formation process for private limited companies

Paper process

Under section 9 of the Companies Act 2006,[1] those forming a company must send the following documents, together with the registration fee, to the Registrar of Companies.

For detailed information see the Companies House guide.[2]

Articles of Association

The Articles of Association (often referred to as just ‘articles’) is the document which sets out the rules for the running of the company's internal affairs. The company's articles delivered to the Registrar must be signed by each subscriber in front of a witness who must attest the signature.

In the event that articles are not registered for the new company, model (default) articles will be registered. These model articles can be chosen to be adopted in the IN01 form. This new procedure was introduced by the Companies Act 2006, Section 20.[3]

Form IN01

This contains the intended situation of the Registered Office, (this will be either in England and Wales, Northern Ireland, Scotland or Wales), the details of the consenting Secretary and Director(s), details of the subscribers and, in the case of a company limited by shares, details of the share capital. The form also includes the Statement of Compliance that the requirements of the Companies Act have been complied with.

Memorandum of Association

This contains the names and signatures of the subscribers that wish to form the company and, in the case of a company limited by shares, a commitment by the subscribers to take at least one share each. A draft template is available on the Companies House website.[4]

Electronic process

The electronic process can be accessed using compatible software that works with the Companies House eFiling service[5] and an account with Companies House. Company formation agents have direct links into Companies House, to look up the company name, and submit the company. Different agents have differences in their processes caused by their website and software implementation. Companies House have a list of company formation agents that have passed integration testing.[6]

Type of Share

What is Share?

Definition:-

According to the section 2(46) of the Company’s Act 1956, share means a part in the share capital of the company and it also includes stock except where a distinction between stock and share capital is made expressed or implied.

Types of shares:-

As per the provision of section 85 of the Companies Act, 1956, the share capital of a company consists of two classes of shares, namely:

Preference Shares

Equity Shares

Preference Shares:

According to Sec 85(1), of the Companies Act, 1956, a preference share is one, which carries the following two preferential rights:

(a) The payment of dividend at fixed rate before paying dividend to equity shareholders.

(b) The return of capital at the time of winding up of the company, before the payment to the equity shareholder.

Both the rights must exist to make any share a preference share and should be clearly mentioned in the Articles of Association.

Preference shareholders do not have any voting rights, but in the

following conditions they can enjoy the voting rights:

(1) In case of cumulative preference shares, if dividend is outstanding for more than two years.

(2) In case of non-cumulative preference shares, if dividend is outstanding for more than three years.

(3) On any resolution of winding up.

(4) On any resolution of capital reduction.

Types of preference shares:

In addition to the aforesaid two rights, a preference shares may carry some other rights. On the basis of additional rights, preference shares can be classified as follows:

Cumulative Preference Shares:-

Cumulative preference shares are those shares on which the amount of divided if not paid in any year, due to loss or inadequate profits, then such unpaid divided will accumulate and will be paid in the subsequent years before any divided is paid to the equity share holders. Preference shares are always deemed to be cumulative unless any express provision is mentioned in the Articles.

Non-Cumulative Preference Shares:-

Non-cumulative preference shares are those shares on which arrear of dividend do not accumulate. Therefore if divided is not paid on these shares in any year, the right receive the dividend lapses and as such, the arrear of divided is not paid out of the profits of the subsequent years.

Participating Preference Shares:-

Participation preference shares are those shares, which, in addition to the basic preferential rights, also carry one or more of the following rights:

(a) To receive dividend, out of surplus profit left after paying the dividend to equity shareholders.

(b) To have share in surplus assets, which remains after the entire capital has been paid on winding up of the company.

Non-Participating Preference Shares:-

Non-participation preference shares are those shares, which do not have the following rights:

(a) To receive dividend, out of surplus profit left after paying the dividend to equity shareholders.

(b) To have share in surplus assets, which remains after the entire capital has been paid on winding up of the company.

Preference shares are always deemed to be non-participating, if the Article of the company is silent.

Convertible Preference Shares:-

Convertible preference shares are those shares, which can be converted into equity shares on or after the specified date according to terms mentioned in the prospectus.

Non-Convertible Preference Shares:-

Non-convertible preference shares, which cannot be converted into equity shares. Preference shares are always being to be non-convertible, if the Article of the company is silent.

Redeemable Preference Shares:-

Redeemable preference shares are those shares which can be redeemed by the company on or after the certain date after giving the prescribed notice. These shares are redeemed in accordance with the terms and sec. 80 of the Company’s Act 1956.

Irredeemable Preference Shares:-

Irredeemable preference shares are those shares, which cannot be redeemed by the company during its life time, in other words it can be said that these shares can only be redeemed by the company at the time of winding up. But according to the sec. 80 (5A) of the Company’s (Amendment) Act 1988 no company can issue irredeemable preference shares.

Equity shares:-

According to section 85 (2), of Companies Act, 1956, Equity share can be defined as the share, which is not preference shares. In other words equity shares are those shares, which do not have the following preferential rights:

(a) Preference of dividend over others.

(b) Preference for repayment of capital over others at the time of winding up of the company.

These shares are also known as ‘Risk Capital’, because they get dividend on the balance of profit if any, left after payment of dividend on preference shares and also at the time of winding up of the company, they are paid from the balance asset left after payment of other liabilities

and preference share capital. Apart from this they have to claim dividend only, if the company in its A. G. M. declares the dividend. The rate of dividend on such shares is not pre-determined, but it depends on the profit earned by the company. The equity shareholders have the right to vote on each and every resolution placed before the company and the holders of these shares are the real owners of the company.

Final A/C Cervical Format

Aditya Birla Nuvo Previous Years »Balance Sheet ------------------- in Rs. Cr. -------------------

  Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

  12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of FundsTotal Share Capital 113.62 113.61 103.11 95.01 95.01Equity Share Capital 113.52 113.51 103.01 95.01 95.01Share Application Money 0.00 0.00 142.07 377.41 377.41Preference Share Capital 0.10 0.10 0.10 0.00 0.00

Reserves5,564.9

75,287.14 4,416.33 3,649.24 3,551.32

Revaluation Reserves 0.00 0.00 0.00 0.00 0.00

Networth5,678.5

95,400.75 4,661.51 4,121.66 4,023.74

Secured Loans1,095.7

01,380.61 2,067.38 2,217.07 1,856.72

Unsecured Loans2,981.1

01,906.59 1,568.27 2,282.14 886.70

Total Debt4,076.8

03,287.20 3,635.65 4,499.21 2,743.42

Total Liabilities9,755.3

98,687.95 8,297.16 8,620.87 6,767.16

  Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

  12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block4,122.4

93,953.59 3,564.71 3,290.16 3,111.78

Less: Accum. Depreciation2,375.1

72,183.55 2,012.49 1,813.95 1,680.89

Net Block1,747.3

21,770.04 1,552.22 1,476.21 1,430.89

Capital Work in Progress 229.13 87.96 263.06 128.78 70.73

Investments5,597.9

55,477.40 5,435.85 5,712.39 4,054.17

Inventories1,320.6

91,203.24 876.34 747.60 776.60

Sundry Debtors1,690.1

91,156.25 693.33 887.23 760.98

Cash and Bank Balance 311.83 20.78 13.18 36.05 56.19

Total Current Assets3,322.7

12,380.27 1,582.85 1,670.88 1,593.77

Loans and Advances1,005.4

3517.77 684.40 557.70 502.11

Fixed Deposits 285.53 0.53 1.13 53.76 40.96

Total CA, Loans & Advances4,613.6

72,898.57 2,268.38 2,282.34 2,136.84

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities2,267.9

21,407.53 1,104.09 882.41 791.99

Provisions 164.76 138.49 118.26 96.44 133.48

Total CL & Provisions2,432.6

81,546.02 1,222.35 978.85 925.47

Net Current Assets2,180.9

91,352.55 1,046.03 1,303.49 1,211.37

Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00

Total Assets9,755.3

98,687.95 8,297.16 8,620.87 6,767.16

Contingent Liabilities1,681.5

91,104.87 809.65 991.33 810.00

Book Value (Rs) 500.24 475.79 438.73 394.09 383.79

Aditya Birla Nuvo Previous Years »Profit & Loss account ------------------- in Rs. Cr. -------------------

  Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

  12 mths 12 mths 12 mths 12 mths 12 mths

Income

Sales Turnover8,855.6

76,693.03 4,981.85 4,997.21 4,145.75

Excise Duty 425.86 253.84 160.40 211.08 212.80

Net Sales8,429.8

16,439.19 4,821.45 4,786.13 3,932.95

Other Income 85.86 64.04 -64.69 60.24 69.94Stock Adjustments 96.28 162.59 -3.16 17.89 83.17

Total Income8,611.9

56,665.82 4,753.60 4,864.26 4,086.06

Expenditure

Raw Materials5,231.0

03,771.03 2,577.99 2,749.62 2,236.86

Power & Fuel Cost 755.37 520.98 431.57 537.38 359.66Employee Cost 548.20 480.70 347.63 287.91 258.20

Other Manufacturing Expenses 93.66 117.45 117.12 115.43 115.89Selling and Admin Expenses 811.96 687.64 493.13 463.92 367.72Miscellaneous Expenses 213.59 117.91 91.26 85.18 93.03Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00

Total Expenses7,653.7

85,695.71 4,058.70 4,239.44 3,431.36

  Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

  12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 872.31 906.07 759.59 564.58 584.76PBDIT 958.17 970.11 694.90 624.82 654.70Interest 324.81 281.08 334.10 290.64 204.47PBDT 633.36 689.03 360.80 334.18 450.23Depreciation 203.06 193.95 180.10 165.96 141.10Other Written Off 0.00 0.00 0.00 0.00 0.00Profit Before Tax 430.30 495.08 180.70 168.22 309.13Extra-ordinary items 22.68 10.05 4.25 29.23 41.18PBT (Post Extra-ord Items) 452.98 505.13 184.95 197.45 350.31Tax 107.59 125.44 41.15 60.02 107.24Reported Net Profit 345.39 379.69 283.40 137.43 243.07

Total Value Addition2,422.7

81,924.68 1,480.71 1,489.82 1,194.50

Preference Dividend 0.01 0.01 0.00 0.00 0.00Equity Dividend 68.11 62.43 51.51 38.00 54.63Corporate Dividend Tax 0.00 10.13 7.95 4.43 9.28Per share data (annualised)

Shares in issue (lakhs)1,135.1

51,135.10 1,030.10 950.09 950.08

Earning Per Share (Rs) 30.43 33.45 27.51 14.46 25.58Equity Dividend (%) 60.00 55.00 50.00 40.00 57.50Book Value (Rs) 500.24 475.79 438.73 394.09 383.79

Aditya Birla Nuvo Previous Years »Cash Flow ------------------- in Rs. Cr. -------------------

  Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

  12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 430.30 495.08 320.30 162.30 314.56Net Cash From Operating Activities

401.35 354.74 1062.60 444.61 278.71

Net Cash (used in)/fromInvesting Activities

-849.51 -102.29 -142.67 -1889.26 -572.76

Net Cash (used in)/from Financing Activities

796.15 -245.45 -996.86 1437.31 366.46

Net (decrease)/increase In Cash and Cash Equivalents

347.99 7.00 -76.93 -7.34 72.41

Opening Cash & Cash Equivalents

18.20 14.31 91.24 97.15 24.74

Closing Cash & Cash Equivalents 366.19 21.31 14.31 89.81 97.15

Aditya Birla NuvoCapital Structure

Period Instrument --- CAPITAL (Rs. cr) --- - P A I D U P -From To Authorised Issued Shares (nos) Face Value Capital2011 2012 Equity Share 175 113.56 113515242 10 113.522010 2011 Equity Share 175 113.51 113509729 10 113.512009 2010 Equity Share 175 103.01 103009542 10 103.012008 2009 Equity Share 175 95.01 95009290 10 95.012007 2008 Equity Share 120 95.01 95008050 10 95.012006 2007 Equity Share 120 93.31 93305187 10 93.31

2005 2006 Equity Share 85 59.89 59889912 10 59.892004 2005 Equity Share 85 59.88 59884782 10 59.882003 2004 Equity Share 85 59.88 59881902 10 59.882002 2003 Equity Share 85 59.88 59876742 10 59.882001 2002 Equity Share 85 59.88 59876742 10 59.882000 2001 Equity Share 85 59.88 59876742 10 59.881999 2000 Equity Share 85 59.88 59876742 10 59.881997 1999 Equity Share 85 67.48 67483041 10 67.481996 1997 Equity Share 71 44.99 44985034 10 44.991995 1996 Equity Share 71 4.5 44973610 10 44.971994 1995 Equity Share 71 44.96 44964525 10 44.961993 1994 Equity Share 71 30.99 30992615 10 30.991992 1993 Equity Share 71 25.44 25439528 10 25.441991 1992 Equity Share 46 25.44 25439528 10 25.441990 1991 Equity Share 46 25.44 25439528 10 25.441989 1990 Equity Share 46 25.44 25439528 10 25.441988 1989 Equity Share 46 25.44 25439528 10 25.441987 1988 Equity Share 46 16.14 16136493 10 16.141983 1987 Equity Share 16 6.87 6870004 10 6.871981 1983 Equity Share 16 6.86 6863839 10 6.861980 1981 Equity Share 6 4.38 4377060 10 4.381978 1980 Equity Share 6 43.77 437706 100 4.381977 1978 Equity Share 4 3.48 348358 100 3.481976 1977 Equity Share 4 3.48 348358 100 3.481974 1976 Equity Share 4 2.5 249905 100 2.51964 1974 Equity Share 4 2.5 249625 100 2.51963 1964 Equity Share 4 2.5 249625 100 2.51961 1963 Equity Share 4 2.5 39187 100 0.39

Source : Asian CERC

Suggestion

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