HUL ANNUAL REPORT 2008-09 PDF
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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The Company”s low debt equity ratio provides ample scope for gearing the Balance Sheet, should the need arise. These focussed on improving health and hygiene, conserving water and enhancing livelihoods. In Skin Cleansing, improved Lux and Hamam soaps, including a new variant on Lux Lux Fresh were launched with improved consumer benefits. In Skin Care, Vaseline Men range products with improved moisturizing and skin lightening benefits were re-launched with distinctive packaging and formats.
Directors Report of Hindustan Unilever Ltd. Company
The finance team of your Company has undertaken a programme to strengthen the processes across transactions, accounting, reporting and information to support the Company’s growth plans. The highlights of progress in the year are given below: Your Company worked to make sustainability more relevant to the common people hjl involving children as agents of change.
OPINION In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March and its profit and its cash flows hyl the year ended on that date.
The enthusiasm and unstinting efforts of the 2008-9 have enabled the Company to remain at the forefront of the Industry. Today, nearly 1 billion people do not have access to safe drinking water. 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.
The water it produces is as safe to drink as boiled water, tastes a whole lot better than water purified with chlorine based sachets, ahnual is a fraction of the price of bottled water. In making those risk assessments, the auditor considers internal financial controls relevant to the Company””s preparation of the standalone Ind AS financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
Your Company’s employer brand has been built with high levels of rigor and thoroughness that has gone into making its consumer brands and reaching out to its customers. We further report that: Our products touch the lives of 2 out of 3 Indians everyday, hence changes made to the way the products are designed, sourced and used will have a far reaching impact in making consumption sustainable.
HUL Auditors Report
The copy of the Code of discussion, voting or otherwise influencing the decision on any Business Principles is available on the website of the Company matter in which the concerned Director has or may have such www.
We have audited the accompanying standalone financial statements of Hindustan Unilever Limited “the Company”which comprise the Balance Sheet as at March 31,the Statement of Profit and Loss, and the Cash Flow Statement for the year ended on that date, and a summary of the significant accounting policies and other explanatory information.
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.
Further, pursuant to Accounting Standard AS issued by the Institute of Chartered Accountants of India, consolidated financial statements presented by the Company include the financial information of its subsidiaries. In respect of inventory lying with third parties, these have substantially been confirmed by them.
Bhatt as the Chairman and Mr. Your Company is further enhancing IT capabilities built for rural expansion to equip Shakti ammas with low cost mobile technology to help them work in a more controlled and efficient manner. Nitin Paranjpe and Mr.
Directors Report of Hindustan Unilever Ltd.
These results are also query registration through free identity registration process. Dev Bajpai Plot No. With the world class facilities and a superior science and technology culture, we are able to attract the best of talent to provide significant technology hl to our products and processes.
All cases registered under the Code they are not in conflict with the interest of the Company at large. The above mentioned comprises of conditional grants made to eligible managers covering performance period Brooke Bond Taaza was re-launched with new proposition, packaging and a superior product delivery aimed at enhancing economy of use for consumer.
The tool has been a pioneering tool in the area of workmen capability development and promotes higher transparency, focused training intervention linked to individual and business needs. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Your company is also investing in building capability in digital and social media to find new platforms for brands to engage with consumers in India more effectively. The Company has disclosed the impact of pending litigations on its financial position in its standalone Ind AS financial statements – Refer Note 25 to the standalone Ind AS financial statements; 2.
The Company Secretary is also responsible for the preparation of the Agenda and convening of the Board meetings. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company; and us by the Management – Refer Feport 45 to the standalone Ind AS financial statements.
Your Company has an elaborate Risk Management procedure, which is based on three pillars: Wnnual growth is expected to further improve on the strengthening consumer sentiment. Your Companys vision is to increase the positive impact in the social agenda by improving health and well being, reduce the environmental impact from greenhouse gases, water and waste and work towards prosperity of India and business by enhancing livelihoods amongst farmers through sustainable sourcing and expanding our small distributor model.
This, coupled with the ability to attract best talent, gives a competitive edge to the organisation.
repory These have met with strong initial success and we continue to expand their availability footprint. The information required under Section 1 e of the Companies Act,read with the Companies Disclosure of Particulars in the Report of the Board of Directors Rules, with respect to energy conservation is appended 2008-90 and forms part of this Report.
Our examination was carried out in accordance with the Repport Note on Certification of Corporate Governance as stipulated hu, Clause 49 of the Listing Agreementissued by the Institute of Chartered Accountants of India and was limited to the procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance.
Manufacturer of the year; c. Capital Expenditure during the year was at Rs, 1, crores Rs, crores in the previous year. All the current The Audit Committee met six times during the financial year members of the Committee have relevant experience in financial ended 31st March, on 1st May,12th June,matters.
Your Company was awarded the ”Best Supplier” by leading modern trade customers for yet another year.