JYOTHY ANNUAL REPORT artwork

131 Pages·2009·3.33 MB·English

Annual Report 2008-09
It all started with 4 drops
I N D E X
• Corporate Identity..........................2
• Corporate Information.......................4
• Milestones................................5
• From the CMD’s Desk.......................8
• Generating Value..........................14
• Enhancing Value..........................18
• Value Creators............................22
• Safeguarding Value........................28
• Emerging Value...........................32
Purity. Freshness. Grace. Beauty.
• Management Discussion & Analysis ..........36
Elegance. Soft and flowing. Imageries
that come to mind when one sees
• Notice ..................................49
swans in their various habitats.
Images and attributes which bear • Directors’ Report..........................53
striking resemblance to what our
basket of products and services offer. • Report on Corporate Governance ............58
Presenting our annual report - using
• Auditors Certificate on Corporate Governance ..65
the enigma of swans in a suggestive
depiction of our various sections.
• Standalone Financials .....................66
• Consolidated Financials...................101
Jyothy Laboratories Limited
V A L U E F O R M O N E Y
T h e M a n t r a Fo r C u s t o m e r S a t i s f a c t i o n
Quality has always been a derivative of strong values. When One by one, our mission of providing simple, reasonably
a company has idealistic values toward product attributes, priced, conveniently packaged and easily available goods
commitment to customers, innovativeness and financial were phased in. Each an offering that touched the lives of
operations – quality faithfully follows! And so it is with Jyothy consumers in a binding way. The cyclothrin powered
Laboratories Limited. We offer products that play a holistic mosquito repellent 'MAXO'. Utensil cleaners under the
role in the day-to-day affairs of Indian households. Products brand name 'EXO'. Fragrance Incense sticks called 'MAYA'.
that clean, whiten, refreshes, delights and protects. It is a A range of personal care products under the brand name
value proposition that glowed to full glory when we 'JEEVA'.
introduced our flagship brand – UJALA – a liquid fabric
whitener. A product that has gone on to become a symbol of Today, we pause in our tracks to look back with pride and
purity and integrity. Across the length and breadth of the ahead with confidence. But the pause is brief, for we see a
nation, 'Char boondo waala' became a slogan that was speck on the horizon – the millions of households more who
chanted from millions of households. need us!
Jyothy Laboratories Limited 1
C O R P O R A T E I D E N T I T Y
Profile Plants
• Founded in 1983 • 21 manufacturing facilities across 14 locations, Trichur,
Wynad, Roorkee, Pondicherry, Chennai, Hyderabad,
• Engaged across the complete FMCG product cycle
Bhubaneshwar, Bankura, Guwahati, Baddi, Silvassa,
- management: research, manufacture, marketing and
Salem, Jammu and Pithampur proximate to
branding
consumer locations
• Marketing a range of daily household and
• Most plants are ISO 9001 and ISO 14000-certified
personal care products.
• Headquartered in Mumbai with a nationwide
distribution network People
• Network of more than 3,000 distributors
Product segments
• Motivated team of more than 1,500 marketing
and sales members
• Fabric care
• Employee strength of over 3,500
• Household insecticides
• 40 depots to service customer requirements
• Surface cleaning preparations
• Air care (incense sticks/aroma sticks)
Presence
• Personal care products
• Pan-India presence across large population clusters
Prominent brands • Products accessible across more than 750,000 Indian
households
• Ujala (flagship): Liquid fabric whitener
• Exports to 14 countries including Sri Lanka,
• Maxo: Mosquito repellent Bangladesh, Mauritius, Malaysia, UAE, HongKong
and Saudi Arabia.
• Exo: Dishwashing soap and dishwashing scrubber
• Ujala Stiff & Shine: Fabric enhancer
• Jeeva: Personal care toilet soap
• Maya: Incense sticks
• Ujala Detergent: Detergent washing powder
Jyothy Laboratories Limited | 2
26 years.
A life time for some.
A quarter of a century for many.
Just two-and-a-half decades for us at Jyothy Laboratories.
Of delighting consumers.
Enriching employees.
Jyothy Laboratories Limited | 3
C O R P O R A T E I N F O R M A T I O N
Board of Directors
Executive Directors Non Executive Directors
M. P. Ramachandran Nilesh B. Mehta
Chairman & Managing Director Independent Director
K. Ullas Kamath K. P. Padmakumar
Deputy Managing Director Independent Director
M. R. Jyothy Bipin R. Shah
Whole-time Director Independent Director
Company Secretary Statutory Auditors
M.L. Bansal S.R.Batliboi & Associates
Solicitors & Advocates Bankers
Law & Prudence The Federal Bank Ltd.
V Lakshmikumaran ICICI Bank Ltd.
Vaish Associates Axis Bank Ltd.
Registered Office Registrars & Share Transfer Agent
UJALA HOUSE Link Intime India Private Limited
Ramkrishna Mandir Road C-13 Pannalal Silk Mill Compound
Kondivita, Andheri (East) L. B. S. Marg, Bhandup (West)
Mumbai – 400 059. Mumbai – 400 078.
Jyothy Laboratories Limited | 4
M I L E S T O N E S
Jyothy Laboratories Limited | 5
2007
2003 •Acquires trademark
•Awarded the ‘AAA and copyright for the
2005
Brand Performance More Light and Ruby
•Launches Exo
Award’ for Maxo by the brands
Liquid in South India
All India Advertisers •Got listed in NSE/BSE
•Launches Ujala Stiff
Association
& Shine in South
India
1997
•Launches
Ujala all
1994 over India
•Commissions the
Pondicherry plant, our
first in a backward area
utilising government
incentives
1995
•Launches Nebula, an oil
based anti-bacterial
washing soap in Kerala
1984
•Ujala is sold house to
1983
house through a team of
•Mr. M. P. Ramachandran
six sales people in the
starts Jyothy
Trichur and Malappuram
Laboratories as a
districts in Kerala
proprietary concern in
Kerala
•Ujala is launched
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2008
•Launches Ujala Stiff & Shine all
over India 2009
•Moves its registered office to its •Forays into service sector through
own building ‘UJALA HOUSE’ in new venture ‘ Jyothy Fabricare
Mumbai Services Limited’ to provide world-
class laundry at affordable price at
consumer doorstep
2001
•Launches Maya
incense sticks in
selected states
2002
•Acquires Sri Sai Homecare
Products Private Limited,
a mosquito repellent coil
2000
manufacturing facility in
•Launches Maxo (Mosquito repellent) in
Hyderabad
West Bengal
•Lauches Jeeva Ayurvedic Soap
•Launches Exo (antibacterial dish wash
bar) in Kerala, later launched across
Karnataka, Tamil Nadu and Andhra
Pradesh
1987
•Starts advertising on
radio
•Graduates to a formal
distribution system
1992
1986 •Ventures out to Kerala’s •Chennai factory is
•Jyothy Laboratories releases its neighbouring state commissioned to
first print advertisement in the Tamil Nadu make Ujala
Kerala- based Mathrubhoomi •Company is
newspaper incorporated
Jyothy Laboratories Limited | 7
C M D ’ S V A L U E S T A T E M E N T S
A l w a y s A i m i n g A h e a d
We understood that providing Value was all about
making products easily available at affordable prices,
to enable the common man and especially the rural
masses find Value for their hard earned money.
Jyothy Laboratories Limited | 8