UBHL annual report - United Spirits Limited

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Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)SlNo.Name of the CompanyCountry ofIncorporationProportion of voting powerProportion ofownership interest (%)held directly or indirectly, ifdifferent from proportion ofownership interest(%)2012 2011 2012 201117 United Spirits (Great Britain) Limited (USGBL) U.K. 100 100 - -18 Four Seasons Wines Limited (FSWL) India 100 100 - -19 United Vintners Limited (UVL) India 100 100 - -20 United Alcobev Limited (UAL) India 100 100 - -21 McDowell Beverages Limited (MBL) India 100 100 - -22 McDowell (Scotland) Limited (MSL) Scotland 100 100 - -23 Bouvet Ladubay S.A.S (BL) France 100 100 - -24 Chapin Landias S.A.S (CL) France 100 100 - -25 Daffodils Flavours & Fragrances PrivateLimited (DFFPL) India 100 100 - -26 Jasmine Flavours and Fragrances Private Limited India 100 100 - -27 Royal Challengers Sports Private Limited India 100 100 - -28 McDowell and Company Limited India 100 100 - -29 Liquidity Inc. USA 100 100 - -30 USL Shanghai Trading Company Limited (USLS) China 100 100 - -31 Sovereign Distilleries Limited India 94.02 41.54 - -32 Pioneer Distilleries Limited India 81.99 - - -Whyte and Mackay Group33 Whyte and Mackay Group Limited U.K. 100 100 - -34 Bruce & Company (Leith) Limited U.K. 100 100 - -35 Charles Mackinlay & Company Limited U.K. 100 100 - -36 Dalmore Distillers Limited U.K. 100 100 - -37 Dalmore Whyte & Mackay Limited U.K. 100 100 - -38 Edinburgh Scotch Whisky Company Limited U.K. 100 100 - -39 Ewen & Company Limited U.K. 100 100 - -40 Fettercairn Distillery Limited U.K. 100 100 - -41 Findlater Scotch Whisky Limited U.K. 100 100 - -42 Glayva Liqueur Limited U.K. 100 100 - -43 Glentalla Limited U.K. 100 100 - -44 GPS Realisations Limited U.K. 100 100 - -45 Grey Rogers & Company Limited U.K. 100 100 - -46 Hay & MacLeod Limited U.K. 100 100 - -47 Invergordon Distillers (Holdings) Limited U.K. 100 100 - -48 Invergordon Distillers Group Limited U.K. 100 100 - -49 Invergordon Distillers Limited U.K. 100 100 - -50 Invergordon Gin Limited U.K. 100 100 - -51 Isle of Jura Distillery Company Limited U.K. 100 100 - -52 Jarvis Halliday & Company Limited U.K. 100 100 - -53 John E McPherson & Sons Limited U.K. 100 100 - -54 Kensington Distillers Limited U.K. 100 100 - -55 Kyndal Spirits Limited U.K. 100 100 - -56 Leith Distillers Limited U.K. 100 100 - -73
Consolidated Financial StatementsNotes to the financial statements for the year ended March 31, 2012 (Contd.)SlNo.Name of the CompanyCountry ofIncorporationProportion of voting powerProportion ofownership interest (%)held directly or indirectly, ifdifferent from proportion ofownership interest (%)2012 2011 2012 201157 Loch Glass Distilling Company Limited U.K. 100 100 - -58 Longman Distillers Limited U.K. 100 100 - -59 Lycidas (437) Limited U.K. 100 100 - -60 Pentland Bonding Company Limited U.K. 100 100 - -61 Ronald Morrison & Company Limited U.K. 100 100 - -62 St Vincent Street (437) Limited U.K. 100 100 - -63 Tamnavulin-Glenlivet Distillery Company Limited U.K. 100 100 - -64 TDL Realisations Limited U.K. 100 100 - -65 The Sheep Dip Whisky Company Limited U.K. 100 100 - -66 W & S Strong Limited U.K. 100 100 - -67 Watson & Middleton Limited U.K. 100 100 - -68 Whyte & Mackay Distillers Limited U.K. 100 100 - -69 William Muir Limited U.K. 100 100 - -70 WMB Realisations Limited U.K. 100 100 - -71 Whyte and Mackay Property Limited U.K. 100 100 - -72 Whyte and Mackay de Venezuela CA Venezuela 100 100 - -73 KI Trustees Limited U.K. 100 100 - -74 Wauchope Moodle & Company Limited U.K. 100 100 - -75 Whyte and Mackay Limited U.K. 100 100 - -76 Whyte and Mackay Warehousing Limited U.K. 100 100 - -77 Whyte and Mackay Holdings Limited U.K. 100 100 - -78 Whyte and Mackay Americas Limited U.K. 100 - - -(B)SlNo.Associate Companies: (Refer Note 1.4 below)Name of the CompanyCountry ofIncorporationProportion ofownership interest (%)2012 20111 Wine Soc of India Private Limited India 16.99 25.482 Sovereign Distilleries Limited India - 41.541.3 Principles of ConsolidationThese Consolidated Financial Statements have been prepared by consolidation of the financial statements of theCompany and its subsidiaries on a line-by-line basis after fully eliminating the inter-Company transactions.1.4 Accounting for Investment in Associatesa) Accounting for Investments in Associate Companies has been carried out under the Equity Method of accountingprescribed under AS 23 wherein Goodwill/Capital Reserve arising at the time of acquisition and the Group’s shareof profits or losses after the date of acquisition have been adjusted in the investment value.b) U B Distilleries Limited (UBDL)UBDL, which was an associate company of erstwhile HL in view of significant influence, ceased its operations in2003-04, consequent to the order of the Hon’ble Supreme Court of India vesting the distillery unit with the stateof Bihar. Since the Company does not have any investment /significant influence in UBDL, the same has not beenaccounted for as an associate in these Consolidated Financial Statements under the Equity Method.74
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The TeamAshok CapoorPresident & MDP
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Report of the DirectorsYour Directo
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Report of the Directors (Contd.)Cou
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Report of the Directors (Contd.)ANN
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Report of the Directors (Contd.)SL.
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Corporate Governance Report (Contd.
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CERTIFICATE ON CORPORATE GOVERNANCE
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Annexure to Report of the Directors
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Annexure to Report of the Directors
Page 38 and 39: Annexure to Report of the Directors
Page 40 and 41: Annexure to the Auditors' ReportAnn
Page 42 and 43: Appendix 1* to the Auditor's Report
Page 44 and 45: Statement of Profit and Loss for th
Page 46 and 47: Cash Flow statement for the year en
Page 48 and 49: Notes to the financial statements f
Page 78 and 79: Statement Pursuant to Section 212(1
Page 80 and 81: Statement Pursuant to Section 212(1
Page 82 and 83: Auditors' Report to the Board of Di
Page 84 and 85: Consolidated Financial StatementsSt
Page 86 and 87: Consolidated Financial StatementsCa
Page 90 and 91: Consolidated Financial StatementsNo
Page 122: Consolidated Financial StatementsNo
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UBHL annual report - United Spirits Limited

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