Annual report 2012-2013 - Aditya Birla Nuvo, Ltd

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MANAGEMENT’S DISCUSSION AND ANALYSIS THE CHAIRMAN’S LETTER TO SHAREHOLDERS Aditya Birla Nuvo Limited Idea continues to be the fastest growing major telecom operator, sustaining a growth rate that is 1.5 times that of the sector. It is among the select club of mobile operators globally with about 122 million customers. It is among the top 10 cellular operators in the world, carrying 1.6 billion minutes of voice calls every day The opening up of the banking sector by the Reserve Bank of India is indeed a forward looking step. For your Company, getting into the banking sector is a perfect strategic fit, given that it completes the bouquet of financial services that we offer. We are in the process of filing our application and are hopeful of a positive outcome. Moving to the Telecom sector, Idea has made significant strides. Its performance has been amazing. Its revenue was USD 4.15 billion with an EBITDA of USD 1.13 billion. Idea continues to be the fastest growing major telecom operator, sustaining a growth rate that is 1.5 times that of the sector. It is among the select club of mobile operators globally with about 122 million customers. It is among the top 10 cellular operators in the world, carrying 1.6 billion minutes of voice calls every day. Besides the voice business, Idea's presence is being increasingly felt in the new fastest evolving mobile broadband segment. Over 20% of its existing subscribers generated global scale Internet Data Traffic at 3.75 billion mega byte per month on 'Idea's High Speed Mobile Broadband' network. With a high proportion of Indian mobile subscribers rapidly upgrading to the latest smartphones and tablets, Idea's 3G overlay network presence augurs a huge future business potential upside. Madura Fashion & Lifestyle outperformed the industry, registering a growth of 15%. Its sale stood at USD 467 million. It achieved its highest ever EBITDA at USD 45 million, up by 25% over the previous year. Three of its brands - Louis Philippe, Van Heusen and Peter England feature among the top 5 apparel brands in the country. With over 3,000 stores, Madura Fashion & Lifestyle boasts of the largest distribution network in the country. The acquisition of Pantaloons Fashion business from Future Group this year, is in line with our strategic intent iv Annual Report 2012-2013
Aditya Birla Nuvo Limited THE CHAIRMAN’S LETTER TO SHAREHOLDERS to be the leader in this segment. It has enabled us to become the largest branded fashion player in the country through an extension into fast fashion segment. For the nine months period ending March 2013, the business reported revenues of USD 238 million. In the linen segment, to capitalize on the ever increasing demand and the marked preference for our linen fabric, a capacity expansion is underway. In the BPO sector, revenue of Aditya Birla Minacs grew by 18% to USD 457 million. Minacs has marketed new business of a total contract value of USD 230 million. It has transformed its business over the last few years, with 40% of its revenues now coming from Non-Voice services. In the Agri business, Indo Gulf achieved almost a 40% growth in revenue of USD 542 million (` 2,924 Crore) largely led by doubling of its trading business. Though sales volume of Birla Shaktiman Urea were at an all time high of 1.23 million metric tons, profitability was affected by annual maintenance shutdown for 20 days and a steep increase in the capital employed on account of subsidy receivables from the Government. Madura Fashion & Lifestyle outperformed the industry, registering a growth of 15%. Its sale stood at USD 467 million. It achieved its highest ever EBITDA at USD 45 million, up by 25% over the previous year. Three of its brands - Louis Philippe, Van Heusen and Peter England feature among the top 5 apparel brands in the country. With over 3,000 stores, Madura Fashion & Lifestyle boasts of the largest distribution network in the country. In the light of the Government's recently announced policy relating to investments in this sector, our plans for 1.3 million tons urea expansion at your Company's existing plant in Jagdishpur (Lucknow), have been blue printed. After greater clarity on the allocation of natural gas is spelt out, we will roll out the brownfield venture. In the Rayon business, I very proudly share the fact that we continue to enjoy the stellar position of the largest Indian exporter of Viscose filament yarn - for the 8th year in a row. The business deserves kudos on its profitability numbers as well. The Insulators business witnessed a challenging year due to cheaper imports from China. Power Projects in the Annual Report 2012-2013 v
Page 1 and 2: ADITYA BIRLA NUVO LIMITED
Page 3 and 4: Aditya Birla Nuvo Limited THE CHAIR
Page 5: Aditya Birla Nuvo Limited THE CHAIR
Page 13 and 14: A premium conglomerate having leade
Page 15 and 16: Fashion & Lifestyle The largest bra
Page 17 and 18: IT-ITeS A global business solution
Page 19 and 20: Rayon The largest Indian VFY export
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Page 24 and 25: BOARD OF DIRECTORS Aditya Birla Nuv
Page 26 and 27: CONTENTS Aditya Birla Nuvo Limited
Page 28 and 29: NOTICE Aditya Birla Nuvo Limited NO
Page 40 and 41: A SNAPSHOT Aditya Birla Nuvo Limite
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Page 44 and 45: FINANCIAL HIGHLIGHTS - CONSOLIDATED
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MANAGEMENT’S DISCUSSION AND ANALY
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DIRECTORS’ REPORT TO THE SHAREHOL
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DIRECTORS’ REPORT - ANNEXURE ‘A
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DIRECTORS' REPORT - ANNEXURE 'B' Ad
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DIRECTORS’ REPORT - ANNEXURE ‘C
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C BUSINESS RESPONSIBILITY REPORT Ad
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C CORPORATE GOVERNANCE REPORT Adity
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C SHAREHOLDERS’ INFORMATION Adity
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SOCIAL REPORT - TOWARDS INCLUSIVE G
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SOCIAL REPORT - TOWARDS INCLUSIVE G
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MANAGEMENT’S DISCUSSION ENVIRONME
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STANDALONE FINANCIAL STATEMENTS
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INDEPENDENT AUDITORS’ REPORT TO T
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INDEPENDENT AUDITORS’ REPORT TO T
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BALANCE SHEET AS AT 31ST MARCH, 201
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CASH FLOW STATEMENT FOR THE YEAR EN
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NOTES FORMING PART OF FINANCIAL STA
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INDEPENDENT AUDITORS’ REPORT ON T
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CONSOLIDATED BALANCE SHEET AS AT 31
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CONSOLIDATED CASH FLOW STATEMENT FO
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NOTES FORMING PART OF CONSOLIDATED
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NOTES Aditya Birla Nuvo Limited 222
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NUVO ADITYA BIRLA NUVO & ITS SUBSID
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Annual report 2012-2013 - Aditya Birla Nuvo, Ltd

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