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RECKITT BENCKISER (INDIA) LIMITEDStandalone Balance Sheet for period 01/04/2012 to 31/03/2013
[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in Lakhs of INR01/04/2012
to31/03/2013
01/01/2011to
31/03/2012
Name of company RECKITT BENCKISER(INDIA) LIMITED Corporate identity number U74999DL1951PLC127062
Permanent account number of entity AABCR2655Q
Address of registered office of company227 OKHLA INDUSTRIALESTATEPHASE III.NEWDELHI.Delhi
Type of industryC o m m e r c i a l a n dIndustrial
Date of board meeting when final accounts were approved 27/09/2013 Period covered by financial statements 12 15 Date of start of reporting period 01/04/2012 01/01/2011 Date of end of reporting period 31/03/2013 31/03/2012 Nature of report standalone consolidated Standalone Content of report Balance Sheet Description of presentation currency INR Level of rounding used in financial statements Lakhs Type of cash flow statement Indirect Method
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INRDirectors signing board report [Axis] Director 1 Director 2
01/04/2012to
31/03/2013
01/04/2012to
31/03/2013 Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]Name of director signing board report [Abstract]
First name of director Gopal Akhil Last name of director Mishra Chandra
Designation of director Executive Director Managing Director Director identification number of director 06418731 06418791 Date of signing board report 30/09/2013 30/09/2013
Unless otherwise specified, all monetary values are in Lakhs of INR01/04/2012
to31/03/2013
Disclosure in board of directors report explanatory [TextBlock] Textual information (1)[See below]
Details regarding energy conservation Textual information (2)[See below]
Details regarding foreign exchange earnings and outgo Textual information (3)[See below]
Particulars of employees as per provisions of section 217 Textual information (4)
[See below] Disclosures in directors responsibility statement Textual information (5)[See below]
Director's comments on q alification(s) reser ation(s) or ad erse
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (1)
Disclosure in board of directors report explanatory [Text Block]
DIRECTORS REPORT
The Directors present the Annual Report together with the statement of accounts for the 12 Month financial year ended 31 March 2013:st
Performance
The trend of delivering consistent growth continues. The net revenue from operations of the Company for the 12 month period ended 31 March st
2013 stood at Rs.359,387.10 lakhs. The profits have increased at a good rate as compared to the previous year. The profit before tax for the year2012-13 stood at Rs. 59,454.57 lakhs and the profit after tax was Rs.46,293.05 lakhs.
Dividend
The Directors declared an interim dividend of Rs. 10/- per equity share of Rs. 10 each by circular resolution on December 07, 2012. The same hasbeen paid to all the shareholders. This should be treated as final dividend and hence no final dividend is proposed.
Reserves and Provisions
After appropriation of Rs. 2,587.25 lakhs towards Interim Dividend and Rs. 419.72 lakhs for Dividend Distribution Tax, a sum of Rs. 4,629.30lakhs was transferred to General Reserve. The balance carried forward at the end of year was Rs. 91,994.68 lakhs.
Export Performance
In the year 2012-13, the Companys F.O.B. value of exports stood at Rs. 1774.48 lakhs.
Audit Committee
The Audit Committee of the Board of Directors of the Company comprises of the following members:
Mr. Chander Mohan Sethi Chairman
Mr. Jose Joaquin Camero Gonzalez - Member
Mr. Parag Agarwal Member
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Director Retiring by Rotation
Mr. Jose Camero Gonzalez, Director, retire by rotation and being eligible, offers himself for reappointment at the ensuing Annual GeneralMeeting.
Subsidiary Company
Particulars of M/s. Reckitt Piramal Private Limited, a subsidiary of the Company as required under Section 212 of the Companies Act, 1956 areattached and form part of this report.
Details of Energy Conservation, Technology & Foreign Exchange
Details of conservation of energy, technology absorption, foreign exchange earnings and outgo as required to be made pursuant to clause (e) of sub-section (1) of Section 217 of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 are given as an annexure to this Report.
Particulars of Employees
Information in accordance with Sub-Section (2A) of Section 217 of the Companies Act, 1956 read with the Companies (Particulars of Employees)Rules, 1975 for the year ended 31 March 2013, forms part of this report and is given in the annexure.st
Statutory Auditors
M/s. Price Waterhouse, Firm Registration No. 012754N, Auditors of the Company, retire at the ensuing Annual General Meeting in accordancewith the provisions of the Companies Act, 1956 and being eligible, have indicated their willingness to continue in office and are recommended asthe auditors of the Company for the financial year 2013-14.
Cost Auditors
Your Company had appointed Vijender Sharma & Co., Cost Accountants, New Delhi as Cost Auditor with the approval of the CentralGovernment for audit of Cost records for the financial year ended March 31, 2012
The due date for filing the Cost Audit Reports in XBRL mode for the financial year ended March 31, 2012 was February 28, 2013 and the CostAudit Report was filed by the Cost Auditor on January 31, 2013.
In respect of financial year ended March 31, 2013, your Company, with the approval of the Central Government, has appointed Vijender Sharma& Co., Cost Accountants, New Delhi as Cost Auditor for cost audit of cost records as applicable to the Company. The due date for filing the CostAudit Report for the financial year ended March 31, 2013 was September 27, 2013.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Directors Responsibility Statement
Pursuant to provisions of sub-section (2AA) of Section 217 of the Companies Act, 1956, your Directors confirm that:
i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed and wherever required, proper
explanations relating to material departures have been given.
ii) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonableand prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of theCompany for that period.
iii) They have taken proper and sufficient care for the 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 fraud and other irregularities.
iv) They have prepared the accounts on a going concern basis.
Acknowledgements
Your Directors would like to express their appreciation for assistance and co-operation received from the financial institutions, banks,Government authorities, customers, suppliers and members during the year under review.
Your Directors also wish to place on record their deep sense of appreciation for the committed services by the employees of the Company.
On behalf of the Board
Sd/- Sd/-
Akhil Chandra Gopal Mishra
Managing Director Executive Director
Registered Office:
227, Okhla Industrial Estate,
Phase III, Okhla,
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
New Delhi 110 020.
Dated: 30 September 2013th
Place: Gurgaon
ANNEXURE TO DIRECTORS REPORT
Report on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo [Section 217(1))(e) of the CompaniesAct, 1956]
A. CONSERVATION OF ENERGY
(a) There has been a reduction in the consumption of energy due to optimising the utilization of theEnergy Conservation measures taken:equipments. The Bio Mass Boiler, VFD Panel and other equipments leads to better utilization of resources and energy conservation thereon.
(b) There has been a substantial decrease in consumption of Furnace Oil. Moreover, energy conservationImpact of the above measures:measures is an on-going process, which is undertaken in all the units.
(c) Total Energy Consumption and energy consumption per unit of production is as under:
S.No. Particulars 1 April 2012 to 31 March 2013st st 1 January 2011 to 31 March 2012st st
1 Power and Fuel Consumption
Electricity:
Purchased :
Unit (Lakhs) 183 188.65
Total Amount (Rs./Lakhs) 819 804.23
Rate/Unit (Rs) 4.48 4.26
Own Generation
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Through Diesel Generator :
Units (Lakhs) 26.30 32.27
Units per litre of Diesel Oil 3.3 3.32
Cost/Unit (Rs.) 13.3 12.44
2 Furnace Oil:
Quantity (Kiloliters) 19 5.71
Total amount (Rs.Lakhs) 8 1.65
Average Rate (Rs/Litre) 40.9 28.92
3 LDO :
Quantity (Kiloliters) 72 -
Total amount (Rs.Lakhs) 34 -
Average Rate (Rs/Litre) 47 -
3 BRIQUETTES
Quantity (Tonnes) 10,012 12,007
Total Cost (Rs. Lakhs) 504 641
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Average Rate (Rs./ Kg) 5.0 5.34
Consumption per unit of production
S.No. Particulars 1 April 2012 to 31 March 2013st st 1 January 2011 to 31 March 2012st st
1 Electricity (Units)
Drugs 894 857.32
Pharmaceuticals 121 148.06
Insecticides 289 -
Robin Powder 28 -
2 Furnace Oil (Litres)
Drugs - 350.00
Pharmaceuticals - -
Insecticides 0.6 -
Others-LDO ( Litres/MT) 3.2
3 BRIQUETTES (Kg/MT)
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Drugs 887 905.75
Pharmaceuticals - -
Insecticides 405 -
B. TECHNOLOGY ABSORPTION:
a. Research and Development (R&D)
1. Specific areas in which R&D was carried out by the Company:
The technology developed by the global category R &D is being transferred to companys Scientific Services group and will be modifiedaccording Indian consumer needs.
2. Benefits derived as a result of the above R&D initiatives:
a) Product innovation and new product launches
b) Cost optimization using local raw materials
c) Better claims
d) Formula optimization to suit Indian conditions, consumer habits and aspiration.
e) Productivity Improvement
3. Future plan of action:
The Global R&D would continue to share knowledge and its benefits would be available on continuous basis confirming to the best of theinternational standards. Some of the initiatives would be:
a) To enhance the process efficiency
b) To introduce new products and improve packaging
c) Process improvement in the manufacturing facility with improved technologies.
d) Replacement of raw material for improved safety of consumers and the environment.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
e) Replacement of ingredients by safe ingredients as per the WHO guidelines.
f) Development of formulae and products for meeting the specific needs of the developing markets.
g) Improved product designs for reducing carbon emissions.
h) Consumer friendly delivery mechanism with better technology.
4. Expenditure on R&D:
Capital : Rs 48.24 Lakhs
Recurring : Rs 1038.81 Lakhs
Total : Rs. 1087.05
Total R & D Expenditure 0.30 % approx as percentage of turnover
b. Technology absorption, adaptation and innovation:
1. Efforts in brief, made towards technology absorption, adaptation and innovation:
The efforts have been made to reduce the carbon emission through process changes. Many global products are made locally using the globaltechnology. Local raw materials and packaging have been developed to meet the same standards in terms of quality, safety and performance.
2. Benefits derived as a result of the above:
As a result of the above efforts, there has been new product launches and improvement in product and packaging quality as well as productivity.
3. Details of imported technology:
a) Dettol Kitchen gel which was developed by global category team and has been implemented in India.
b) Veet depilatory product where global formulation has been implemented.
c) Finish dish washing formula.
C. FOREIGN EXCHANGE EARNINGS AND OUTGO
The foreign exchange earnings of the Company amounted to Rs. 6824.29 Lakhs during the period under review, whereas, the outgo was Rs.33,370.98 Lakhs mainly on account of raw and Packing Materials, Royalty, travelling expenses.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
ANNEXURE TO DIRECTORS REPORT
Statement of particulars of employees under Section 217 (2A) forming part of the Directors Report
Employed throughout the year and in receipt of remuneration aggregating Rs. 60,00,000/- or more per annum.
S.No. NAME Age DesignationTotal
Remuneration QualificationTotal
ExperienceDate of Joining Previous Employment
1 Chander MohanSethi 64Regional SVP, South EastAsia 127985240 MBA 41 16-Nov-84
Branch Manager,SmithKline Beecham
2BertrandAlexandre
Delagneau
38 Marketing Director, India 38215409 - 15 4-Oct-11 Marketing Director,Reckitt Benckiser, Japan
3 Grant DrewAllen 51Mfg Director-DVMHealthcare 27710383 - 27 1-Nov-11 -
4 Deepak Solanki 48 Regional IS Director, SEA 25206451 B.E 21 22-Jun-10 IS Director BusinessIntelligence, RB USA
5 Suvamoy RoyChoudhury 50 Regional HR Director, SEA 22088157 M.A - PM & IR 24 2-Jan-07 GM HR , Baxter (I) Ltd.
6 Pankaj Gupta 43 Regiona Supply Director,SEA 21980757 B.Tech 21 1-Jan-12VP Manufacturing,Hindustan UnileverLimited
7 Pankaj Agarwal 42 Sales Director, India 17108104 MBA 20 1-Sep-09Head - Trade Marketing,Reckitt Benckiser SouthAfrica
8 Gopal Mishra 42 Finance Director, India 16227779 MBA 18 2-Apr-12 GM, Foods Business ,Hindustan Unilever Ltd
9 Sudhir Dhawan 62 R&D Director, Pest Control 15087031 B.Sc 39 1-Apr-07 Chief Execuitve, ArvindMills Ltd.
10 Anish AnandSingh 39 HR Director, India 13360701 MBA 15 23-Mar-12HR Head, Sales,Hindustan Unilever Ltd
11 Angus JohnColquhoun 36 Programme Manager 12185961BE Hons.(engineering) 13 12-Apr-11
Reckitt Benckiser, varioustitles
Parjit Singh Site Engineering Mgr. RB
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
12 Lally 42 Programme Manager Eng 11181576 Msc. 12 5-Jan-11 Fort Worth US
13 Rajesh KumarJha 44Regional Legal Director,SEA 8747892 LL.B 14 24-May-07
Legal Counsel, BritanniaIndustries Ltd.
14 Radha MohanGupta 43Head - Procurement - SouthAsia 8239588 B.Tech, PGDM 18 31-Dec-04
Resource PlanningManager, TropicanaBevereages Co
15 Ashish Parikh 36 Head of Modern Trade 8181073 MBA 13 12-Mar-12 Head of Modern Trade,Marico
16 Archna Vyas 41 Regional Media Manager,SEA 7669663 MBA 17 30-Sep-09Vice President, IndiaMedia Exchange (IMX)
17 Yogesh KumarBatra 41 Tax Head 7181313 BSc.,CA 21 1-Feb-11Head Taxation, FortisHealthcare
18 Nitin Shetty 43 Regional Head of Quality,SEA 7085623 Msc. 18 26-Aug-11GM risk mgmt. &compliance, GSKconsumer Healthcare Ltd.
19 Ajay Thukral 43 Supply Controller 7008161 CA 18 2-Jan-08India Group Lead(Finance), HewittAssociate India Pvt. Ltd.
20 MalgorzataBurzynska 31Supply Manager-PersonalCare 6960923 - - 1-Apr-12
NPD ImplementationManager, ReckittBenckiser,China
21 Nitish Bajaj 41 Marketing Manager 6932224 B.Tech, MBA 15 8-May-06 Sr. Brand Manager,Ranbax+L47y Labs Ltd.
22 Neeraj Pant 44 Head of Regulatory &Medical Affairs - South Asia 6766380M.Pharma,MBA 19 3-Dec-07
Director RA, Johnson &Johnson Ltd.
23 Yogesh Tewari 37 Marketing Manager 6337897 MBA 13 28-Jul-11Marketing Manager,Reckitt Benckiser,Indonesia
24 Ravi Gupta 49 NPS Manager 6240351B.E, PGDMM,DIE 27 7-Aug-08
Sr. Purchasing Manager,Gillettte India Ltd.
25 Mohit Marwaha 38 Business DevelopmentManager-SEA 6222758 MBA 14 1-Aug-01Area Sales Manager,AgroTech
26 Atul Chandra Jha 44 HR Manager-Supply 6191467 LLB, PGD(PM&IR) 17 17-Jan-08Factory HR Manager,Cadbury India Ltd.
27 Kaushik Roy 38 Commercial Controller 6147901 B.Com, PGDM, 11 15-Nov-10
Assistant Controller, IndiaRegion,Pepsico India
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
CA Holdings Pvt. Ltd.
28 PradeepKrishnamurthi 45 Supply Director, India 5943721 BE(Mechanical) - 16-Feb-11Hindustan UnileverLimited
Employed for a part of the year and in receipt of remuneration aggregating Rs. 5,00,000/- or more per month.
S.No. NAME Age Designation TotalRemuneration QualificationTotal
ExperienceDate of Joining Previous Employment
1 Sunil Behere 41 Regional SupplyFinance Controller-SEA 7491631 CA, CPA 17 7-May-12Supply Finance Manager,Reckitt Benckiser, Indonesia
2 EmanueleRossetto 43 R&D SSG Director SEA 22192487 MBA 19 1-Jun-12R&D Category Director(Dishwash) Reckitt Benckiser,Germany
3 Natarajan R 55 Supply Director India 9764212 B.Tech(Mechanical),PGDM 18 1-Jan-12Sr.Vice President, SSL TTKLtd.
4AmitMadhavGhugre
39 Head of TradeMarketing 7492052 M.Tech, MBA 13 8-Jun-12Trade Marketing Manager,Procter & Gamble, Singapore
5 PrahladMishra 58 Regional Manager 6060747 B.Sc 32 16-Mar-94Assistant Manager, WilliamSons. India Ltd.
6 ParagAgarwal 46Regional FinanceDirector SEA 18222528
CA & CompanySecretary 25 1-Feb-10
General Manager Commercial Finance,GSK
7 AmaanAbdul Khan 40CategoryDirector-PH(Germ&PC) 16816157 MBA 16 1-Jul-12
Marketing Director, ReckittBenckiser, Ireland
8 AkhilChandra 49 General Manager, India 36332920 MBA 25 8-Oct-12Vice President & GeneralManager, Asia, GlaxoSmithkline
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (2)
Details regarding energy conservationA. CONSERVATION OF ENERGY (a) Energy Conservation measures taken: There has been a reduction in the consumption of energy due tooptimising the utilization of the equipments. The Bio Mass Boiler, VFD Panel and other equipments leads to better utilization of resources andenergy conservation thereon. (b) Impact of the above measures: There has been a substantial decrease in consumption of Furnace Oil. Moreover,energy conservation measures is an on-going process, which is undertaken in all the units. (c) Total Energy Consumption and energy consumption
per unit of production is as under: S.No. Particulars 1st April 2012 to 31st March 2013 1st January 2011 to 31st March 2012 1 Power and FuelConsumption Electricity: Purchased : Unit (Lakhs) 183 188.65 Total Amount (Rs./Lakhs) 819 804.23 Rate/Unit (Rs) 4.48 4.26 Own GenerationThrough Diesel Generator : Units (Lakhs) 26.30 32.27 Units per litre of Diesel Oil 3.3 3.32 Cost/Unit (Rs.) 13.3 12.44 2 Furnace Oil: Quantity(Kiloliters) 19 5.71 Total amount (Rs.Lakhs) 8 1.65 Average Rate (Rs/Litre) 40.9 28.92 3 LDO : Quantity (Kiloliters) 72 - Total amount(Rs.Lakhs) 34 - Average Rate (Rs/Litre) 47 - 3 BRIQUETTES Quantity (Tonnes) 10,012 12,007 Total Cost (Rs. Lakhs) 504 641 Average Rate(Rs./ Kg) 5.0 5.34 Consumption per unit of production S.No. Particulars 1st April 2012 to 31st March 2013 1st January 2011 to 31st March 20121 Electricity (Units) Drugs 894 857.32 Pharmaceuticals 121 148.06 Insecticides 289 - Robin Powder 28 - 2 Furnace Oil (Litres) Drugs - 350.00Pharmaceuticals - - Insecticides 0.6 - Others-LDO ( Litres/MT) 3.2 3 BRIQUETTES (Kg/MT) Drugs 887 905.75 Pharmaceuticals - - Insecticides405 -
Textual information (3)
Details regarding foreign exchange earnings and outgoFOREIGN EXCHANGE EARNINGS AND OUTGO The foreign exchange earnings of the Company amounted to Rs. 6824.29 Lakhs during theperiod under review, whereas, the outgo was Rs. 33,370.98 Lakhs mainly on account of raw and Packing Materials, Royalty, travelling expenses.
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Textual information (4)
Particulars of employees as per provisions of section 217Statement of particulars of employees under Section 217 (2A) forming part of the Directors Report Employed throughout the year and in receiptof remuneration aggregating Rs. 60,00,000/- or more per annum. S.No. NAME Age Designation Total Remuneration Qualification TotalExperience Date of Joining Previous Employment 1 Chander Mohan Sethi 64 Regional SVP, South East Asia 127985240 MBA 41 16-Nov-84Branch Manager, SmithKline Beecham 2 Bertrand Alexandre Delagneau 38 Marketing Director, India 38215409 - 15 4-Oct-11 Marketing
Director, Reckitt Benckiser, Japan 3 Grant Drew Allen 51 Mfg Director-DVM Healthcare 27710383 - 27 1-Nov-11 - 4 Deepak Solanki 48Regional IS Director, SEA 25206451 B.E 21 22-Jun-10 IS Director Business Intelligence, RB USA 5 Suvamoy Roy Choudhury 50 Regional HRDirector, SEA 22088157 M.A - PM & IR 24 2-Jan-07 GM HR , Baxter (I) Ltd. 6 Pankaj Gupta 43 Regiona Supply Director, SEA 21980757B.Tech 21 1-Jan-12 VP Manufacturing, Hindustan Unilever Limited 7 Pankaj Agarwal 42 Sales Director, India 17108104 MBA 20 1-Sep-09Head - Trade Marketing, Reckitt Benckiser South Africa 8 Gopal Mishra 42 Finance Director, India 16227779 MBA 18 2-Apr-12 GM, FoodsBusiness , Hindustan Unilever Ltd 9 Sudhir Dhawan 62 R&D Director, Pest Control 15087031 B.Sc 39 1-Apr-07 Chief Execuitve, Arvind MillsLtd. 10 Anish Anand Singh 39 HR Director, India 13360701 MBA 15 23-Mar-12 HR Head, Sales, Hindustan Unilever Ltd 11 Angus JohnColquhoun 36 Programme Manager 12185961 BE Hons. (engineering) 13 12-Apr-11 Reckitt Benckiser, various titles 12 Parjit Singh Lally 42Programme Manager Eng 11181576 Msc. 12 5-Jan-11 Site Engineering Mgr. RB Fort Worth US 13 Rajesh Kumar Jha 44 Regional LegalDirector, SEA 8747892 LL.B 14 24-May-07 Legal Counsel, Britannia Industries Ltd. 14 Radha Mohan Gupta 43 Head - Procurement - SouthAsia 8239588 B.Tech, PGDM 18 31-Dec-04 Resource Planning Manager, Tropicana Bevereages Co 15 Ashish Parikh 36 Head of Modern Trade8181073 MBA 13 12-Mar-12 Head of Modern Trade, Marico 16 Archna Vyas 41 Regional Media Manager, SEA 7669663 MBA 17 30-Sep-09Vice President, India Media Exchange (IMX) 17 Yogesh Kumar Batra 41 Tax Head 7181313 BSc.,CA 21 1-Feb-11 Head Taxation, FortisHealthcare 18 Nitin Shetty 43 Regional Head of Quality, SEA 7085623 Msc. 18 26-Aug-11 GM risk mgmt. & compliance, GSK consumerHealthcare Ltd. 19 Ajay Thukral 43 Supply Controller 7008161 CA 18 2-Jan-08 India Group Lead (Finance), Hewitt Associate India Pvt. Ltd. 20Malgorzata Burzynska 31 Supply Manager-Personal Care 6960923 - - 1-Apr-12 NPD Implementation Manager, Reckitt Benckiser,China 21Nitish Bajaj 41 Marketing Manager 6932224 B.Tech, MBA 15 8-May-06 Sr. Brand Manager, Ranbax+L47y Labs Ltd. 22 Neeraj Pant 44 Head of Regulatory & Medical Affairs - South Asia 6766380 M.Pharma, MBA 19 3-Dec-07 Director RA, Johnson & Johnson Ltd. 23 Yogesh Tewari 37Marketing Manager 6337897 MBA 13 28-Jul-11 Marketing Manager, Reckitt Benckiser, Indonesia 24 Ravi Gupta 49 NPS Manager 6240351B.E, PGDMM, DIE 27 7-Aug-08 Sr. Purchasing Manager, Gillettte India Ltd. 25 Mohit Marwaha 38 Business Development Manager-SEA6222758 MBA 14 1-Aug-01 Area Sales Manager,Agro Tech 26 Atul Chandra Jha 44 HR Manager-Supply 6191467 LLB, PGD (PM&IR) 1717-Jan-08 Factory HR Manager, Cadbury India Ltd. 27 Kaushik Roy 38 Commercial Controller 6147901 B.Com, PGDM, CA 11 15-Nov-10Assistant Controller, India Region,Pepsico India Holdings Pvt. Ltd. 28 Pradeep Krishnamurthi 45 Supply Director, India 5943721BE(Mechanical) - 16-Feb-11 Hindustan Unilever Limited Employed for a part of the year and in receipt of remuneration aggregating Rs.5,00,000/- or more per month. S.No. NAME Age Designation Total Remuneration Qualification Total Experience Date of Joining PreviousEmployment 1 Sunil Behere 41 Regional Supply Finance Controller-SEA 7491631 CA, CPA 17 7-May-12 Supply Finance Manager, ReckittBenckiser, Indonesia 2 Emanuele Rossetto 43 R&D SSG Director SEA 22192487 MBA 19 1-Jun-12 R&D Category Director (Dishwash) ReckittBenckiser, Germany 3 Natarajan R 55 Supply Director India 9764212 B.Tech (Mechanical),PGDM 18 1-Jan-12 Sr.Vice President, SSL TTK Ltd.4 Amit Madhav Ghugre 39 Head of Trade Marketing 7492052 M.Tech, MBA 13 8-Jun-12 Trade Marketing Manager, Procter & Gamble,Singapore 5 Prahlad Mishra 58 Regional Manager 6060747 B.Sc 32 16-Mar-94 Assistant Manager, William Sons. India Ltd. 6 Parag Agarwal 46Regional Finance Director SEA 18222528 CA & Company Secretary 25 1-Feb-10 General Manager ?? Commercial Finance,GSK 7 AmaanAbdul Khan 40 Category Director-PH(Germ&PC) 16816157 MBA 16 1-Jul-12 Marketing Director, Reckitt Benckiser, Ireland 8 Akhil Chandra49 General Manager, India 36332920 MBA 25 8-Oct-12 Vice President & General Manager, Asia, Glaxo Smithkline
Textual information (5)
Disclosures in directors responsibility statementDirectors Responsibility Statement Pursuant to provisions of sub-section (2AA) of Section 217 of the Companies Act, 1956, your Directorsconfirm that: i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed and wherever required, properexplanations relating to material departures have been given. ii) They have selected such accounting policies and applied them consistently andmade judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the endof the financial year and of the profit or loss of the Company for that period. iii) They have taken proper and sufficient care for the 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 fraud and other irregularities. iv) They have prepared the accounts on a going concern basis.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INRAuditors [Axis] Auditor 1
01/04/2012
to31/03/2013 Details regarding auditors [Abstract]
Details regarding auditors [LineItems]Category of auditor Auditors firm
Name of audit firm Price WaterHouse Name of auditor signing report Gupta Charan Sewak Firms registration number of audit firm 012754N Membership number of auditor 093044
Address of auditors
Price Waterhouse,Building 8, 7Th &8th floor Tower B,DLF Cyber city,Gurgaon, Haryana,122002
Permanent account number of auditor or auditor's firm AAFFP3698A SRN of form 23B S14568414 Date of signing audit report by auditors 30/09/2013 Date of signing of balance sheet by auditors 30/09/2013
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]Auditor's
favourable remark[Member]
Auditor'sunfavourable
remark [Member]
Clause notapplicable[Member]
01/04/2012to
31/03/2013
01/04/2012to
31/03/2013
01/04/2012to
31/03/2013 Disclosure of auditor's qualification(s), reservation(s) or adverse
remark(s) in auditors' report [Abstract]Disclosure of auditor's qualification(s), reservation(s) oradverse remark(s) in auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets Textual information(6) [See below]
Disclosure relating to quantitative details of fixed assets
(a) The Company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation, of fixed assets.
Disclosure relating to physical verification and materialdiscrepancies of fixed assets
Textual information(7) [See below]
Disclosure relating to fixed assets disposed off
In our opinion, andaccording to theinformation and
explanations given tous, a substantial partof fixed assets hasnot been disposed off by the Companyduring the year.
Disclosure in auditors report relating to inventories Textual information(8) [See below]
Disclosure of physical verification of inventories at fixedintervals
The inventory hasbeen physicallyverified by theManagement duringthe year. In ouropinion, thefrequency of verification isreasonable.
Disclosure of procedure followed for physical verification ofinventories
(b) In our opinion,the procedures of physical verificationof inventoryfollowed by theManagement arereasonable andadequate in relationto the size of theCompany and thenature of itsbusiness.
Disclosure about maintenance of inventory records and materialdiscrepancies
Textual information(9) [See below]
Disclosure in auditors report relating to loans Textual information(10) [See below]
Disclosure in auditors report relating to internal control system Textual information(11) [See below]
Disclosure in auditors report relating to contracts andarrangements under section 301 of companies act
Textual information(12) [See below]
Disclosure relating to presence of register for necessarytransactions
Textual information(13) [See below]
Disclosure relating to reasonability of transactions Textual information(14) [See below]
Disclosure in auditors report relating to deposits accepted frompublic
The Company hasnot accepted anydeposits from thepublic within themeaning of Sections58A and 58AA of the Act and the rulesframed there under.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Disclosure in auditors report relating to companies internal auditsystem
vii. In our opinion,the Company has aninternal audit systemcommensurate withits size and thenature of itsbusiness.
Disclosure in auditors report relating to maintenance of costrecords
Textual information(15) [See below]
Disclosure in auditors report relating to statutory dues Textual information(16) [See below]
Disclosure in auditors report relating to accumulated losses Textual information
(17) [See below] Disclosure in auditors report relating to default in repayment of
financial duesTextual information(18) [See below]
Disclosure in auditors report relating to loans andadvances granted by way of pledge of shares debentures andother securities
Textual information(19) [See below]
Disclosure in auditors report relating to provisions under specialstatute
Textual information(20) [See below]
Disclosure in auditors report relating to adequacy of recordsmaintained by share trading companies
Textual information(21) [See below]
Disclosure in auditors report relating to guarantee given Textual information(22) [See below]
Disclosure in auditors report relating to term loans used
for purpose other than for purpose they were raised
The Company hasnot raised any termloans. Accordingly,the provisions of
Clause 4(xvi) of theOrder are notapplicable to theCompany.
Disclosure in auditors report relating to nature andamount of fund raised for short-term has been used forlong-term or vice versa
Textual information(23) [See below]
Disclosure in auditors report relating to preferential allotmentof shares
Textual information(24) [See below]
Disclosure in auditors report relating to securities createdagainst debentures issued
Textual information(25) [See below]
Disclosure in auditors report relating to purpose and end useof money raised through public issues
The Company hasnot raised any moneyby public issuesduring the year.Accordingly, theprovisions of Clause
4(xx) of the Orderare not applicable tothe Company.
Disclosure in auditors report relating to any material fraudreported during period
Textual information(26) [See below]
Unless otherwise specified, all monetary values are in Lakhs of INR01/04/2012
to31/03/2013
Disclosure in auditors report explanatory [TextBlock] Textual information (27)[See below] Whether companies auditors report order is applicable on company Yes Whether auditors' report has been qualified or has any reservations or
contains adverse remarksNo
Textual information (6)
Disclosure in auditors report relating to fixed assetsi. (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixed assets. (b) Thefixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of twoyears which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, aportion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed onsuch verification. (c) In our opinion, and according to the information and explanations given to us, a substantial part of fixed assets has not beendisposed off by the Company during the year.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (7)
Disclosure relating to physical verification and material discrepancies of fixed assets(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of two years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, aportion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed onsuch verification.
Textual information (8)
Disclosure in auditors report relating to inventoriesii. (a) The inventory has been physically verified by the Management during the year. In our opinion, the frequency of verification is reasonable.(b) In our opinion, the procedures of physical verification of inventory followed by the Management are reasonable and adequate in relation to thesize of the Company and the nature of its business. (c) On the basis of our examination of the inventory records, in our opinion, the Company ismaintaining proper records of inventory. The discrepancies noticed on physical verification of inventory as compared to book records were notmaterial.
Textual information (9)
Disclosure about maintenance of inventory records and material discrepancies(c) On the basis of our examination of the inventory records, in our opinion, the Company is maintaining proper records of inventory. Thediscrepancies noticed on physical verification of inventory as compared to book records were not material.
Textual information (10)
Disclosure in auditors report relating to loansThe Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained underSection 301 of the Act. Therefore, the provisions of Clause 4(iii)[(b),(c), (d), (f) and (g)] of the said Order are not applicable to the Company.
Textual information (11)
Disclosure in auditors report relating to internal control systemIn our opinion, and according to the information and explanations given to us, there is an adequate internal control system commensurate with thesize of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods and services. Further,on the basis of our examination of the books and records of the Company, and according to the information and explanations given to us, we haveneither come across, nor have been informed of, any continuing failure to correct major weaknesses in the aforesaid internal control system.
Textual information (12)
Disclosure in auditors report relating to contracts and arrangements under section 301 of companies actAccording to the information and explanations given to us, we are of the opinion that the particulars of all contracts or arrangements that need tobe entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered.
Textual information (13)
Disclosure relating to presence of register for necessary transactionsIn our opinion, and according to the information and explanations given to us, the transactions made in pursuance of such contracts orarrangements and exceeding the value of Rupees Five Lakhs in respect of any party during the year have been made at prices which arereasonable having regard to the prevailing market prices at the relevant time.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (14)
Disclosure relating to reasonability of transactionsIn our opinion, and according to the information and explanations given to us, the transactions made in pursuance of such contracts orarrangements and exceeding the value of Rupees Five Lakhs in respect of any party during the year have been made at prices which arereasonable having regard to the prevailing market prices at the relevant time.
Textual information (15)
Disclosure in auditors report relating to maintenance of cost recordsviii. We have broadly reviewed the books of account maintained by the Company in respect of products where, pursuant to the rules made by theCentral Government of India, the maintenance of cost records has been prescribed under clause (d) of sub-section (1) of Section 209 of the Act,and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained. We have not, however, made adetailed examination of the records with a view to determine whether they are accurate or complete.
Textual information (16)
Disclosure in auditors report relating to statutory dues(a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company isregular in depositing the undisputed statutory dues, including provident fund, investor education and protection fund, employees? state insurance,income tax, sales tax, wealth tax, service tax, customs duty, excise duty and other material statutory dues, as applicable, with the appropriateauthorities (b) According to the information and explanations given to us and the records of the Company examined by us, the particulars of duesof income tax, sales tax, service tax, customs duty and excise duty as at March 31, 2013 which have not been deposited on account of a dispute,are given in Note 28 to the financial statements. 28. The particulars of dues (net of deposited under protest) of sales-tax, entry tax, customs dutyand excise duty as at March 31, 2013 which have not been deposited on account of a dispute, are as follows Name of the Statute Nature of DuesAmount Period to which the amount relates Forum where the dispute is pending (Rs. In lakhs) Supreme Court High Court SettlementCommission Tribunal Comm. Appeals Comm. Assistant Comm. Central Excise Act and Customs Act Excise Duty Matters 7.10 1992-93 - - - -7.10 - - 104.86 1995-96 - - - 104.86 - - - 24.94 1995-96 - - - - 24.94 - - 14.35 1995-96 - - - - 14.35 - - 8.47 1995-98 - - - 8.47 - - - 174.04 1997-98 -- - 174.04 - - - 442.80 1997-00 - - - 442.80 - - - 167.87 2000-02 167.87 - - - - - - 108.43 1986-92 - - - - 108.43 - - Service Tax Matters 3,152.952006-10 - - 3,152.95 - - - 4,205.80 167.87 0.00 0.00 3,883.12 154.82 0.00 0.00 Sales Tax Act Local Sales Tax/Central Sales Tax/Entry TaxMatters 101.70 1984-1985 - - 101.70 - - - - 8.89 1990-1991 - 8.89 - - - - - 5.67 1991-1992 - 5.67 - - - - - 12.98 1992-1993 - 12.98 - - - - - 14.441994-1995 - 14.44 - - - - - 13.33 1998-1999 - - - 13.33 - - - 4.54 1999-2000 - - - 2.80 - - 1.74 15.35 2000-2001 - 6.84 - 8.51 - - - 16.88 2001-2002 -8.65 - 3.36 - - 4.87 21.52 2002-2003 - 17.03 - - - - 4.49 36.62 2003-2004 - 5.02 - 12.88 - - 18.72 17.42 2004-2005 - 6.54 - - - - 10.88 30.302005-2006 - - - - - 17.45 12.85 15.04 2006-2007 - - - - - - 15.04 22.46 2008-2009 - - - - - - 22.46 3.41 2010-2011 - 3.41 - - - - - 89.55 2011-2012 -89.55 - - - - - 84.78 2012-2013 - 84.78 - - - - - Value Added Tax Matters 19.45 2005-2006 - - - - 19.45 - - 162.22 2006-2007 - - - - 111.74 50.48 -493.60 2007-2008 - - - - 119.29 374.31 - 208.30 2008-2009 - - - 70.62 24.09 113.59 - 110.76 2009-2010 - - - - 110.76 - - 20.76 2010-2011 - -20.76 - - 1,529.97 263.80 101.70 111.50 406.09 555.83 91.05 Income Tax Act Income Tax Matters 1,091.48 2009-10 - - - - 1,091.48 - - 1,091.48- - - - 1,091.48 - -
Textual information (17)
Disclosure in auditors report relating to accumulated lossesThe Company has no accumulated losses as at the end of the financial year and it has not incurred any cash losses in the financial year ended onthat date or in the immediately preceding financial period.
Textual information (18)
Disclosure in auditors report relating to default in repayment of financial duesAs the Company does not have any borrowings from any financial institution or bank nor has it issued any debentures as at the balance sheet date,the provisions of Clause 4(xi) of the Order are not applicable to the Company.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (19)
Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and othersecurities
The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company.
Textual information (20)
Disclosure in auditors report relating to provisions under special statuteAs the provisions of any special statute applicable to chit fund/ nidhi/ mutual benefit fund/ societies are not applicable to the Company, theprovisions of Clause 4(xiii) of the Order are not applicable to the Company.
Textual information (21)
Disclosure in auditors report relating to adequacy of records maintained by share trading companiesIn our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions of
Clause 4(xiv) of the Order are not applicable to the Company.
Textual information (22)
Disclosure in auditors report relating to guarantee givenIn our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loans taken by othersfrom banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv) of the Order are not applicable to the Company.
Textual information (23)
Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-termor vice versaAccording to the information and explanations given to us and on an overall examination of the balance sheet of the company, we report that theno funds raised on short-term basis have been used for long-term investment
Textual information (24)
Disclosure in auditors report relating to preferential allotment of sharesThe Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of the Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are not applicable to the Company.
Textual information (25)Disclosure in auditors report relating to securities created against debentures issued
The Company has not issued any debentures during the year and does not have any debentures outstanding as at the beginning of the year and atthe year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to the Company.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (26)
Disclosure in auditors report relating to any material fraud reported during periodDuring the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditingpractices in India, and according to the information and explanations given to us, other than matter relating to excess/irregular freight amountspaid to/claimed by certain transporters and for which management is taking actions including charge in the statement of profit and loss of Rs.1150lacs (net of recovery/deductions of Rs 3620 lacs) as per management estimate at this stage based on an internal investigation, we have neither
come across any instance of material fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case bythe Management.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
1.
Textual information (27)
Disclosure in auditors report explanatory [Text Block]
INDEPENDENT AUDITORS REPORT
To the Members of Reckitt Benckiser (India) Limited
Report on the Financial Statements
We have audited the accompanying financial statements of Reckitt Benckiser (India) Limited (the Company), which comprise theBalance Sheet as at March 31, 2013, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and asummary of significant accounting policies and other explanatory information, which we have signed under reference to this report.
Managements Responsibility for the Financial Statements
2.The Companys Management is responsible for the preparation of these financial statements that give a true and fair view of the financialposition, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 of India (the Act). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from materialmisstatement, whether due to fraud or error.
Auditors Responsibility
3.Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with theStandards on Auditing and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. ThoseStandards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free from material misstatement.
4. An audit involves performing procedures to obtain audit evidence, about the amounts and disclosures in the financial statements. Theprocedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements,whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the Companys preparation andfair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Management, as well asevaluating the overall presentation of the financial statements.
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
6. In our opinion, and to the best of our information and according to the explanations given to us, the accompanying financial statements givethe information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generallyaccepted in India:
(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2013;
(b) in the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and
(c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Report on Other Legal and Regulatory Requirements
7. As required by the Companies (Auditors Report) Order, 2003, as amended by the Companies (Auditors Report) (Amendment) Order,2004, issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act (hereinafter referred to as the Order),and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the information andexplanations given to us, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.
8. As required by section 227(3) of the Act, we report that:
(a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of ouraudit;
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of thosebooks;
(c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account;
(d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this report comply with theAccounting Standards referred to in sub-section (3C) of section 211 of the Act;
(e) On the basis of written representations received from the directors as on March 31, 2013, and taken on record by the Board of Directors, noneof the directors is disqualified as on March 31, 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Act.
For Price Waterhouse
Firm Registration Number: 012754N
Chartered Accountants
Charan S Gupta
Place: Gurgaon
Partner
Date: September 30, 2013
Membership Number: 093044
i. (a) The Company is maintaining proper records showing full particulars, including quantitative details and situation, of fixed assets.
(b) The fixed assets are physically verified by the Management according to a phased programme designed to cover all the items over a period of two years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the programme, aportion of the fixed assets has been physically verified by the Management during the year and no material discrepancies have been noticed onsuch verification.
(c) In our opinion, and according to the information and explanations given to us, a substantial part of fixed assets has not been disposed off bythe Company during the year.
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ii. (a) The inventory has been physically verified by the Management during the year. In our opinion, the frequency of verification isreasonable.
(b) In our opinion, the procedures of physical verification of inventory followed by the Management are reasonable and adequate in relation tothe size of the Company and the nature of its business.
(c) On the basis of our examination of the inventory records, in our opinion, the Company is maintaining proper records of inventory. Thediscrepancies noticed on physical verification of inventory as compared to book records were not material.
iii. The Company has not granted/taken any loans, secured or unsecured, to companies, firms or other parties covered in the registermaintained under Section 301 of the Act. Therefore, the provisions of Clause 4(iii)[(b),(c), (d), (f) and (g)] of the said Order are not applicable tothe Company.
iv. In our opinion, and according to the information and explanations given to us, there is an adequate internal control systemcommensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goodsand services. Further, on the basis of our examination of the books and records of the Company, and according to the information andexplanations given to us, we have neither come across, nor have been informed of, any continuing failure to correct major weaknesses in theaforesaid internal control system.
v (a) According to the information and explanations given to us, we are of the opinion that the particulars of all contracts or arrangements that
need to be entered into the register maintained under section 301 of the Companies Act, 1956 have been so entered.
(b) In our opinion, and according to the information and explanations given to us, the transactions made in pursuance of such contracts orarrangements and exceeding the value of Rupees Five Lakhs in respect of any party during the year have been made at prices which arereasonable having regard to the prevailing market prices at the relevant time.
vi. The Company has not accepted any deposits from the public within the meaning of Sections 58A and 58AA of the Act and the rulesframed there under.
1. In our opinion, the Company has an internal audit system commensurate with its size and the nature of its business.
2. We have broadly reviewed the books of account maintained by the Company in respect of products where, pursuant to the rules made by theCentral Government of India, the maintenance of cost records has been prescribed under clause (d) of sub-section (1) of Section 209 of the Act,and are of the opinion that, prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a ,detailed examination of the records with a view to determine whether they are accurate or complete.
ix. (a) According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Companyis regular in depositing the undisputed statutory dues, including provident fund, investor education and protection fund, employees stateinsurance, income tax, sales tax, wealth tax, service tax, customs duty, excise duty and other material statutory dues, as applicable, with theappropriate authorities
(b) According to the information and explanations given to us and the records of the Company examined by us, the particulars of dues of incometax, sales tax, service tax, customs duty and excise duty as at March 31, 2013 which have not been deposited on account of a dispute, are given inNote 28 to the financial statements.
x. The Company has no accumulated losses as at the end of the financial year and it has not incurred any cash losses in the financial yearended on that date or in the immediately preceding financial period.
xi. As the Company does not have any borrowings from any financial institution or bank nor has it issued any debentures as at the balancesheet date, the provisions of Clause 4(xi) of the Order are not applicable to the Company.
xii. The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and othersecurities. Therefore, the provisions of Clause 4(xii) of the Order are not applicable to the Company.
xiii. As the provisions of any special statute applicable to chit fund/ nidhi/ mutual benefit fund/ societies are not applicable to the Company,
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
the provisions of Clause 4(xiii) of the Order are not applicable to the Company.
xiv. In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, theprovisions of Clause 4(xiv) of the Order are not applicable to the Company.
xv. In our opinion, and according to the information and explanations given to us, the Company has not given any guarantee for loans takenby others from banks or financial institutions during the year. Accordingly, the provisions of Clause 4(xv) of the Order are not applicable to theCompany.
xvi. The Company has not raised any term loans. Accordingly, the provisions of Clause 4(xvi) of the Order are not applicable to theCompany.
xvii. According to the information and explanations given to us and on an overall examination of the balance sheet of the company, we reportthat the no funds raised on short-term basis have been used for long-term investment
xviii. The Company has not made any preferential allotment of shares to parties and companies covered in the register maintained underSection 301 of the Act during the year. Accordingly, the provisions of Clause 4(xviii) of the Order are not applicable to the Company.
xix. The Company has not issued any debentures during the year and does not have any debentures outstanding as at the beginning of theyear and at the year end. Accordingly, the provisions of Clause 4(xix) of the Order are not applicable to the Company.
xx. The Company has not raised any money by public issues during the year. Accordingly, the provisions of Clause 4(xx) of the Order arenot applicable to the Company.
xxi. During the course of our examination of the books and records of the Company, carried out in accordance with the generally acceptedauditing practices in India, and according to the information and explanations given to us, other than matter relating to excess/irregular freightamounts paid to/claimed by certain transporters and for which management is taking actions including charge in the statement of profit and loss of Rs.1150 lacs (net of recovery/deductions of Rs 3620 lacs) as per management estimate at this stage based on an internal investigation, we haveneither come across any instance of material fraud on or by the Company, noticed or reported during the year, nor have we been informed of suchcase by the Management.
Place: Gurgaon
Dated: September 30, 2013
For Price Waterhouse
Firm Registration Number: 012754N
Chartered Accountants
Charan S Gupta
Partner
Membership Number 093044
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[100100] Balance sheet
Unless otherwise specified, all monetary values are in Lakhs of INR31/03/2013 31/03/2012 01/01/2011
Balance sheet [Abstract]Equity and liabilities [Abstract]
Shareholders' funds [Abstract]Share capital 2,587.25 2,587.25 2,627.96
Reserves and surplus 1,06,910.62 63,624.52 Total shareholders' funds 1,09,497.87 66,211.77 Share application money pending allotment 0 0 Non-current liabilities [Abstract]
Long-term borrowings 0 0 Other long-term liabilities 0 0 Long-term provisions 5,234.56 5,438.91 Total non-current liabilities 5,234.56 5,438.91 Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables (A) 57,949.59 (B) 49,575.42 Other current liabilities 8,043.42 6,400.36
Short-term provisions 1,503.79 2,030.55 Total current liabilities 67,496.8 58,006.33 Total equity and liabilities 1,82,229.23 1,29,657.01 Assets [Abstract]
Non-current assets [Abstract]Fixed assets [Abstract]
Tangible assets 22,359.33 19,796.57 16,779.13 Intangible assets 0 0 0 Tangible assets capital work-in-progress 2,412.42 2,277.6 Total fixed assets 24,771.75 22,074.17 Non-current investments 73,779.19 0
Deferred tax assets (net) (C) 1,870.29 (D) 1,919.83 Long-term loans and advances 3,351.31 2,742.49
Other non-current assets 32.56 31.69 Total non-current assets 1,03,805.1 26,768.18 Current assets [Abstract]
Current investments 0 0 Inventories 30,273.54 36,541.14 Trade receivables 10,570.51 8,852.49 Cash and bank balances 28,030.26 52,194.54 Short-term loans and advances 9,331.73 4,993.2 Other current assets 218.09 307.46 Total current assets 78,424.13 1,02,888.83 Total assets 1,82,229.23 1,29,657.01
Footnotes (A) Acceptances-644.26 Trade payables-57305.33 (B) Acceptances-1379.33 Trade payables-48196.09 (C) Timing difference resulting u/s 43B of the Income Tax Act, 1961-556.90 Differences in carrying value of fixed assets as per tax
books and financial books-340.90 Provision for Inventory , Doubtful Debts & Advances-972.49 (D) Timing difference resulting u/s 43B of the Income Tax Act, 1961-627.93 Differences in carrying value of fixed assets as per tax
books and financial books-355.71 Provision for Inventory , Doubtful Debts & Advances-936.19
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[400300] Disclosures - Signatories of balance sheet
Details of directors signing balance sheet [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INRDirectors signing balance sheet [Axis] Director 1 Director 2
01/04/2012
to31/03/2013
01/04/2012
to31/03/2013Details of signatories of balance sheet [Abstract]
Details of directors signing balance sheet [Abstract]Details of directors signing balance sheet [LineItems]
Name of director signing balance sheet [Abstract]First name of director Gopal Akhil
Last name of director Mishra Chandra Designation of director Executive Director Managing Director Director identification number of director 06418731 06418791 Date of signing of balance sheet by director 30/09/2013 30/09/2013
Unless otherwise specified, all monetary values are in Lakhs of INR01/04/2012
to31/03/2013
Name of company secretary Manoj Singh Bisht Permanent account number of company secretary ALTPB3904E Date of signing of balance sheet by company secretary 30/09/2013
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[100400] Cash flow statement, indirect
Unless otherwise specified, all monetary values are in Lakhs of INR01/04/2012
to31/03/2013
01/01/2011to
31/03/201201/01/2011
Statement of cash flows [Abstract]
Cash flows from used in operating activities [Abstract]Profit before extraordinary items and tax 59,454.58 67,656.12
Adjustments for reconcile profit (loss) [Abstract]Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 3,760.1 3,901.99 Other adjustments for which cash effects are investing or
financing cash flow (A) -5,484.27 (B) -3,966.79
Other adjustments for non-cash items (C) -3,204.5 (D) -7,413.75 Total adjustments to profit (loss) -4,928.67 -7,478.55 Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 6,267.6 -13,996.22 Adjustments for decrease (increase) in trade receivables -1,740.43 -5,374.74 Adjustments for decrease (increase) in other current and
non-current assets (E) -12,606.43 (F) -10,826.01 Adjustments for increase (decrease) in trade payables 11,601.08 19,927.09 Adjustments for increase (decrease) in other current and
non-current liabilities2,071.95 111.22
Adjustments for provisions (G) -91.3 (H) 15.11 Total adjustments for working capital 5,502.47 -10,143.55 Total adjustments for reconcile profit (loss) 573.8 -17,622.1 Net cash flows from (used in) operations 60,028.38 50,034.02 Income taxes (paid) refund 13,329.77 12,301.83 Net cash flows from (used in) operating activities before extraordinary
items46,698.61 37,732.19
Net cash flows from (used in) operating activities 46,698.61 37,732.19 Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 13.69 54.52
Purchase of tangible assets 6,651.32 6,713.35 Dividends received 1,198.35 0 Interest received 3,953.5 3,357.74
Other inflows (outflows) of cash (I) -73,779.18 (J) 0
Net cash flows from (used in) investing activities before extraordinaryitems
-75,264.96 -3,301.09
Net cash flows from (used in) investing activities -75,264.96 -3,301.09 Cash flows from used in financing activities [Abstract]
Dividends paid 3,027.84 3,436.86
Other inflows (outflows) of cash (K) 0 (L) -3,986.93 Net cash flows from (used in) financing activities before extraordinary
items-3,027.84 -7,423.79
Net cash flows from (used in) financing activities -3,027.84 -7,423.79 Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes-31,594.19 27,007.31
Net increase (decrease) in cash and cash equivalents -31,594.19 27,007.31 Cash and cash equivalents cash flow statement at end of period 11,006.07 42,600.26 15,592.95
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Footnotes (A) Interest Income- (4,286.15) Dividend Income- (1,198.35) (Profit) / Loss on Sale of Assets-0.23 (B) Interest Income- (3,932.65) Dividend Income-0.00 (Profit) / Loss on Sale of Assets- (34.14) (C) Provision for doubtful debts and advances-22.42 Liabilities/ Provisions no longer required written back- (3,226.92) (D) Provision for doubtful debts and advances-67.11 Liabilities/ Provisions no longer required written back- (7,480.86) (E) Decrease / (Increase) in Long term Loans & Advance- (837.12) Decrease / (Increase) in Short term Loans and Advances- (4,338.53)
Decrease / (Increase) in Non current Assets- (0.87) Decrease / (Increase) in Other Bank Balances- (7,429.91) (F) Decrease / (Increase) in Long term Loans & Advance- (744.86) Decrease / (Increase) in Short term Loans and Advances- (484.83)
Decrease / (Increase) in Non current Assets- (2.04) Decrease / (Increase) in Other Bank Balances- (9,594.28)
(G) Increase / (Decrease) in Long Term Provisions- (204.35) Increase / (Decrease) in Short Term Provisions-113.05 (H) Increase / (Decrease) in Long Term Provisions- (183.97) Increase / (Decrease) in Short Term Provisions-199.08
(I) Purchase of non current investments (J) Purchase of non current investments (K) Capital Reduction (L) Capital Reduction
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of share capital [Axis] Share capital [Member] Equity shares[Member]
01/04/2012to31/03/2013
01/01/2011to31/03/2012
01/01/2011 01/04/2012to31/03/2013
Disclosure of classes of share capital [Abstract]Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 3,50,00,000 [shares] 3,50,00,000 [shares] 3,50,00,000 Value of shares authorised 3,500 3,500 3,500 Number of shares issued [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500 Value of shares issued 2,587.25 2,587.25 2,587.25 Number of shares subscribed and fully paid [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500 Value of shares subscribed and fully paid 2,587.25 2,587.25 2,587.25 Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 Value of shares subscribed but not fully paid 0 0 0 Total number of shares subscribed [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500
Total value of shares subscribed 2,587.25 2,587.25 2,587.25 Value of shares paid-up [Abstract]Number of shares paid-up [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500
Value of shares called 2,587.25 2,587.25 2,587.25 Value of shares paid-up 2,587.25 2,587.25 2,587.25 Reconciliation of number of shares outstanding
[Abstract]Changes in number of shares outstanding[Abstract]
Decrease in number of shares during period[Abstract]
Other decrease in number of shares [shares] 0 [shares] 4,07,100 [shares] 0 Total decrease in number of shares during
period[shares] 0 [shares] 4,07,100 [shares] 0
Total increase (decrease) in number ofshares outstanding
[shares] 0 [shares] 4,07,100 [shares] 0
Number of shares outstanding at end of period [shares] 2,58,72,500 [shares] 2,58,72,500 [shares]2,62,79,600 [shares] 2,58,72,500
Reconciliation of value of shares outstanding[Abstract]
Changes in share capital [Abstract]Decrease in share capital during period[Abstract]
Other decrease in amount of shares 0 40.71 0 Total decrease in share capital during
period0 40.71 0
Total increase (decrease) in share capital 0 -40.71 0 Share capital at end of period 2,587.25 2,587.25 2,627.96 2,587.25 Rights preferences and restrictions attaching
to class of share capitalTextual information(28) [See below]
Textual information (29)[See below]
Textual information(30) [See below]
Shares in company held by holding company orultimate holding company or by its subsidiariesor associates [Abstract]
Shares in company held by holding company [shares] 1,67,85,721 [shares] 1,67,85,721 [shares] 1,67,85,721 Shares in company held by ultimate holding
company[shares] 90,86,741 [shares] 90,86,741 [shares] 90,86,741
Total shares in company held by holding companyor ultimate holding company or by itssubsidiaries or associates
[shares] 2,58,72,462 [shares] 2,58,72,462 [shares] 2,58,72,462
Details of application money received forallotment of securities and due for refund andinterest accrued thereon [Abstract]
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Application money received for allotment ofsecurities and due for refund and interestaccrued thereon [Abstract]
Application money received forallotment of securities and due forrefund, principal
0 0 0
Application money received forallotment of securities and due forrefund, interest accrued
0 0 0
Total application money received forallotment of securities and due for refund
and interest accrued thereon
0 0 0
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Disclosure of classes of share capital [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INRClasses of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/01/2011to
31/03/201201/01/2011
01/04/2012to
31/03/2013
01/01/2011to
31/03/2012 Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]Type of share Equity Equity
Number of shares authorised [shares] 3,50,00,000 (A) [shares]3,50,00,000(B) [shares]
3,50,00,000
Value of shares authorised 3,500 3,500 3,500 Number of shares issued [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500 Value of shares issued 2,587.25 2,587.25 2,587.25 Number of shares subscribed and fully paid [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500 Value of shares subscribed and fully paid 2,587.25 2,587.25 2,587.25 Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 Value of shares subscribed but not fully paid 0 0 0 Total number of shares subscribed [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500 Total value of shares subscribed 2,587.25 2,587.25 2,587.25 Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 2,58,72,500 [shares] 2,58,72,500 [shares] 2,58,72,500 Value of shares called 2,587.25 2,587.25 2,587.25
Value of shares paid-up 2,587.25 2,587.25 2,587.25 Par value per share [INR/shares] 10 [INR/shares] 10 Details of shares not fully called [Abstract]
Amount per share called [INR/shares] 10 [INR/shares] 10 Reconciliation of number of shares outstanding
[Abstract]Changes in number of shares outstanding[Abstract]
Decrease in number of shares during period[Abstract]
Other decrease in number of shares [shares] 4,07,100 [shares] 0 [shares] 4,07,100 Total decrease in number of shares during
period[shares] 4,07,100 [shares] 0 [shares] 4,07,100
Total increase (decrease) in number ofshares outstanding
[shares] 4,07,100 [shares] 0 [shares] 4,07,100
Number of shares outstanding at end of period [shares] 2,58,72,500 [shares]2,62,79,600 [shares] 2,58,72,500 [shares] 2,58,72,500
Reconciliation of value of shares outstanding[Abstract]
Changes in share capital [Abstract]Decrease in share capital during period[Abstract]
Other decrease in amount of shares 40.71 0 40.71 Total decrease in share capital during
period40.71 0 40.71
Total increase (decrease) in share capital -40.71 0 -40.71 Share capital at end of period 2,587.25 2,627.96 2,587.25 2,587.25 Rights preferences and restrictions attaching
to class of share capitalTextual information (31)[See below]
Textual information(32) [See below]
Textual information(33) [See below]
Shares in company held by holding company orultimate holding company or by its subsidiariesor associates [Abstract]
Shares in company held by holding company [shares] 1,67,85,721 [shares] 1,67,85,721 [shares] 1,67,85,721 Shares in company held by ultimate holding
company[shares] 90,86,741 [shares] 90,86,741 [shares] 90,86,741
Total shares in company held by holding companyor ultimate holding company or by itssubsidiaries or associates
[shares] 2,58,72,462 [shares] 2,58,72,462 [shares] 2,58,72,462
Details of application money received forallotment of securities and due for refund andinterest accrued thereon [Abstract]
Application money received for allotment ofsecurities and due for refund and interestaccrued thereon [Abstract]
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Application money received forallotment of securities and due forrefund, principal
0 0 0
Application money received forallotment of securities and due forrefund, interest accrued
0 0 0
Total application money received forallotment of securities and due for refundand interest accrued thereon
0 0 0
Footnotes
(A) Actual shares issued, subscribed and paid up=25872467 (B) Actual shares issued, subscribed and paid up=25872467
Disclosure of classes of share capital [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of share capital [Axis] Equity shares 1[Member]
01/01/2011 Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 2,62,79,600 Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period2,627.96
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INRClasses of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2012to
31/03/2013
01/01/2011to
31/03/2012
01/04/2012to
31/03/2013
01/01/2011to
31/03/2012 Disclosure of shareholding more than five per cent in
company [Abstract]Disclosure of shareholding more than five per centin company [LineItems]
Type of share Equity Equity Equity Equity
Name of shareholderReckitt Benckiserplc, UK
Reckitt Benckiser plc,UK
Lancaster SquareHolding SL
Lancaster SquareHolding SL
Country of incorporation or residence ofshareholder
United Kingdom United Kingdom Spain Spain
Number of shares held in company [shares] 1,67,85,721 [shares] 1,67,85,721 [shares] 90,86,741 [shares] 90,86,741 Percentage of shareholding in company 64.878% 64.878% 35.121% 35.121%
Unless otherwise specified, all monetary values are in Lakhs of INR01/04/2012
to31/03/2013
01/01/2011to
31/03/2012Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per centshares in company
Yes Yes
Whether money raised from public offering during year No No
Textual information (28)
Rights preferences and restrictions attaching to class of share capitalThe Company has one class of Equity Shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, if any, in proportion to their shareholding.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Textual information (29)
Rights preferences and restrictions attaching to class of share capitalThe Company has one class of Equity Shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, if any, in proportion to their shareholding.
Textual information (30)
Rights preferences and restrictions attaching to class of share capitalThe Company has one class of Equity Shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, if any, in proportion to their shareholding.
Textual information (31)
Rights preferences and restrictions attaching to class of share capitalThe Company has one class of Equity Shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, if any, in proportion to their shareholding.
Textual information (32)
Rights preferences and restrictions attaching to class of share capitalThe Company has one class of Equity Shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after
distribution of all preferential amounts, if any, in proportion to their shareholding.
Textual information (33)
Rights preferences and restrictions attaching to class of share capitalThe Company has one class of Equity Shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. Thedividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, if any, in proportion to their shareholding.
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of reserves [Axis] Reserves [Member] Capital reserves[Member]
01/04/2012to31/03/2013
01/01/2011to31/03/2012
01/01/2011 01/04/2012to31/03/2013
Statement of changes in reserves [Abstract]Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]Additions to reserves [Abstract]
Profit (loss) for period 46,293.07 53,830.23 0 Other additions to reserves 4,629.31 0 Total additions to reserves 50,922.38 53,830.23 0 Deductions to reserves [Abstract]
Other deductions to reserves 0 3,946.22 Total deductions to reserves 0 3,946.22 Appropriations for dividend, dividend tax and
general reserve [Abstract]Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]Interim equity dividend appropriation 2,587.25 0
Total interim dividend appropriation 2,587.25 0 Total dividend appropriation 2,587.25 0 Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 419.72 637.64 Total dividend tax appropriation 419.72 637.64 Transfer to general reserve 4,629.31 0 Total appropriations for dividend,
dividend tax and general reserve7,636.28 637.64
Total changes in reserves 43,286.1 49,246.37 0 Reserves at end of period 1,06,910.62 63,624.52 14,378.15 30
Statement of changes in reserves [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INRComponents of reserves [Axis] Capital reserves [Member] Other reserves [Member]
01/01/2011to
31/03/201201/01/2011
01/04/2012to
31/03/2013
01/01/2011to
31/03/2012 Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]Changes in reserves [Abstract]
Additions to reserves [Abstract]Profit (loss) for period 0 0 0
Other additions to reserves 4,629.31 0 Total additions to reserves 0 4,629.31 0
Deductions to reserves [Abstract]Other deductions to reserves 0 3,946.22
Total deductions to reserves 0 3,946.22 Total changes in reserves 0 4,629.31 -3,946.22 Reserves at end of period 30 30 14,885.93 10,256.62
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
Statement of changes in reserves [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of reserves [Axis] Other reserves[Member] General reserve [Member]
01/01/201101/04/2012
to31/03/2013
01/01/2011to
31/03/201201/01/2011
Statement of changes in reserves [Abstract]Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]Additions to reserves [Abstract]
Profit (loss) for period 0 0 Other additions to reserves 4,629.31 0 Total additions to reserves 4,629.31 0 Deductions to reserves [Abstract]
Other deductions to reserves 0 3,946.22 Total deductions to reserves 0 3,946.22 Total changes in reserves 4,629.31 -3,946.22 Reserves at end of period 14,202.84 14,885.93 10,256.62 14,202.84
Statement of changes in reserves [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INRComponents of reserves [Axis] Surplus [Member]
01/04/2012to
31/03/2013
01/01/2011to
31/03/201201/01/2011
Statement of changes in reserves [Abstract]Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]Additions to reserves [Abstract]
Profit (loss) for period 46,293.07 53,830.23 Total additions to reserves 46,293.07 53,830.23 Appropriations for dividend, dividend tax and general reserve
[Abstract]Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]Interim equity dividend appropriation 2,587.25 0
Total interim dividend appropriation 2,587.25 0 Total dividend appropriation 2,587.25 0 Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 419.72 637.64 Total dividend tax appropriation 419.72 637.64 Transfer to general reserve 4,629.31 0 Total appropriations for dividend, dividend tax and general
reserve7,636.28 637.64
Total changes in reserves 38,656.79 53,192.59 Reserves at end of period 91,994.69 53,337.9 145.31
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RECKITT BENCKISER (INDIA) LIMITED Standalone Balance Sheet for period 01/04/2012 to 31/03/2013
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)
Unless