2007-08 - Aditya Birla Nuvo, Ltd

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THE CHAIRMAN’S LETTER TO SHAREHOLDERSYour Company’s performancehas been good. Its consolidatedrevenues crossed US$ 3 billion(Rs.12,134 crores), up by 45%.Of this US$ 2.1 billion(Rs.8,209.8 crores) came fromgrowth businesses such asLife Insurance, Telecom,BPO and Branded Garments.In these businesses your Companyhas made substantial investmentsthis year. The telecom businesshas recorded impressive profit.Profits have been driven by asignificant contribution from thevalue businesses, namelyCarbon Black, Rayon, Insulatorsand Fertilisers.servicing new premiums. Consequently, net profit was lowerat US$ 38 million (Rs.150.8 crores). Profits have been drivenby a significant contribution from the value businesses, namelyCarbon Black, Rayon, Insulators and Fertilisers.A slew of initiatives have been taken by your Company togrow its leadership position in both the growth and valuebusinesses. As these are detailed in the ManagementDiscussion and Analysis, I will provide you with a snapshot ofsteps taken.In the Telecom business - Idea Cellular Limited, the J.V.Company, has reached a subscriber base in excess of 24 millionpeople which is a 71% rise over that of the previous year.Idea enjoys a leadership position in most of the 11 Circles inwhich it operates. It has received spectrum allocation forMumbai, Bihar, Tamil Nadu (including Chennai) and OrissaCircles. We expect to roll out in these Circles by December2008. I am pleased to inform you that it has received licensesfor 9 more Circles, according it a pan-India presence.Your Company intends to aggressively grow its market share in the Financial Services business.Our current focus is on the Life Insurance and Asset Management sectors. So your Company isscaling it’s infrastructure through the route of branch network expansions, setting up an energeticsales force and novel product offerings.We are building global delivery capacities at Aditya Birla Minacs which enjoys a leadership positionin India. Currently we have 26 delivery centres with over 9000 seats and 18 Fortune 500 clients.Our ongoing endeavour is to build up on the combined non-voice and KPO segments as thesehave the potential to bring in significant revenues and earnings.(2)
THE CHAIRMAN’S LETTER TO SHAREHOLDERSPSI Data Systems remain focused on servicing the Financial Services eco-system by providingend-to-end IT services, product engineering and business assurance solutions. Existing clientrelationships have been expanded and 18 new clients have signed up with PSI this year.In the Branded Garments business in line with our unique strategic brand architecture, yourCompany has introduced innovative life-style brands through embellishing it’s products range.Alongside it has expanded its retail reach to over 5 lac sq. ft. across 253 stores that have a distinctambience. To augment its presence in the high-end retailing business, your Company plans to usherin new formats such as Men’s Exclusive Lifestyle stores and Peter England family stores. Up untilnow 4 stores have been opened under the “Peter England People” Brand in the four major cities.The response has been very encouraging.Let me now move on to the value businesses.Given the growth potential in the value businesses in which we operate, our thrust is on capacityexpansion. In your Company’s Carbon Black business, the 60,000 TPA brownfield expansion atGummudipoondi went on stream in July 2007. We are now working towards the 120,000 TPAGreenfield expansion in Western India with a sense of urgency.The share of value-added products in the Fertilisers business is steadily increasing. It’s “BirlaShaktiman” urea and neem-coated “Krishidev” continue to be the preferred choice of farmers, givenits efficacy and environment friendly characteristics. Value-added formulations such as zincated,sulphonated and boronated urea are on the anvil. Apart from widening your Company’s produceportfolio, Indo Gulf has repositioned itself as a complete agri-solution provider – a one-stopdestination, offering farmers a unique range of products and services which cater to their felt needsin totality.In the Insulators business your Company is among the top four global leaders. Apart from a12,000 MT capacity expansion at the Rishra Unit, your Company will be manufacturing polymerinsulators as these are qualitatively better and have a greater shelf-life. In addition to yieldenhancement, your Company will be extending its product range to high-rating insulators.(3)
Page 2 and 3: Mr. G. D. Birla and Mr. Aditya Birl
Page 7 and 8: THE CHAIRMAN’S LETTER TO SHAREHOL
Page 9 and 10: ADITYA BIRLA NUVO LIMITEDBOARD OF D
Page 11 and 12: FINANCIAL HIGHLIGHTS - STANDALONERs
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SHAREHOLDER INFORMATION21. Per Shar
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SHAREHOLDER INFORMATIONAccordingly,
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DIRECTORS’ REPORT TO THE SHAREHOL
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ANNEXURE ‘A’ TO THE DIRECTORS
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AUDITORS’ REPORT TO THE MEMBERSAn
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AUDITORS’ REPORT TO THE MEMBERS(x
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PROFIT & LOSS ACCOUNT FOR THE YEAR
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SCHEDULESSCHEDULE 2RESERVES & SURPL
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SCHEDULESRs. CroresAs atAs atFace V
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SCHEDULESSCHEDULE 7INVENTORIESAs at
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SCHEDULESRs. CroresYear EndedYear E
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SCHEDULESSCHEDULE 19SIGNIFICANT ACC
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CASH FLOW STATEMENT FOR THE YEAR EN
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AUDITORS’ REPORT ON THE CONSOLIDA
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CONSOLIDATED PROFIT & LOSS ACCOUNT
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SCHEDULES FORMING PART OF CONSOLIDA
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CONSOLIDATED CASH FLOW STATEMENT AS
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ANNEXURE ‘1’ OF STATEMENT PURSU
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STATEMENT PURSUANT TO SECTION 212(8
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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