Page 247 - Annual Report 2019-20

notes forming part of the consolidated financial statements notes forming part of the consolidated financial statements 245

Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial State- INFORMATION ON SUBSIDIARY COMPANIES
59 ments to Schedule III to the Companies Act, 2013 (Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014) in Form AOC-1
( in crores) ( in crores)
name of the entity Net assets, i.e., Total As- Share of Profit and Loss Share in Other Comprehen- Share in Total Comprehen- Particulars PIDILITE ANNUAL REPORT 2019-20
sets - Liabilities sive Income sive Income Date of Reserves Total Assets Total
As % of Amount As % of Amount As % of Amount As % of Amount acquisition/ subsidiary Reporting period (FY) Reporting Currency Share Capital & Surplus Liabilities Investments subsidiaries) Turnover Profit/ (Loss) Provision Profit/ (Loss) Proposed Dividend
consolidated consolidated consolidated consolidated incorporation of Exchange Rates as at year end (includes Share (except in case of Before Taxation For Tax (including Deferred Tax) After Taxation % of shareholding*
net assets Profit and Other Other application Money)
Loss Comprehensive Comprehensive
Income Income
Pidilite Industries Limited 76.13 3,555.80 96.93 1,087.64 2,566.81 90.89 104.70 1,178.53
Indian Subsidiaries Pidilite International 29.12.2004 31.03.2020 uSD 75.37 203.97 1.24 205.35 0.14 - - 0.44 (0.03) 0.47 - 100.00%
Bhimad Commercial Co Pvt Ltd 0.00 0.01 (0.00) (0.00) - - (0.00) (0.00) Pte Ltd
(Bhimad) Pidilite Middle East Ltd 18.05.2005 31.03.2020 AED 20.54 187.23 (103.01) 84.33 0.10 - - (0.10) - (0.10) - 100.00%
Building Envelope Systems India Ltd 0.07 3.23 (0.81) (9.05) (0.26) (0.01) (0.81) (9.06) Pidilite MEA Chemicals 28.06.2005 31.03.2020 AED 20.54 0.62 154.36) 125.63 279.37 - 109.62 (9.92) - (9.92) - 49.00%
(BESI) (LLC)
Fevicol Company Ltd (Fevicol) 0.00 0.04 0.00 0.00 (0.36) (0.01) (0.00) (0.01) Pidilite Speciality 29.12.2005 31.03.2020 Taka 0.89 31.32 46.47 126.42 48.63 - 118.90 14.45 4.85 9.60 - 100.00%
Chemicals Bangladesh
hybrid Coatings (hybrid) 0.15 7.21 (0.84) (9.46) (0.13) (0.00) (0.84) (9.46) Pvt Ltd
Madhumala Ventures Pvt Ltd 2.71 126.53 (0.01) (0.10) - - (0.01) (0.10) Pidilite Bamco Ltd 27.02.2006 31.03.2020 Baht 2.31 8.07 21.20 37.48 8.21 - 49.82 3.29 0.60 2.69 - 100.00%
(Madhumala) PT Pidilite Indonesia 01.03.2006 31.03.2020 IDR 0.00 5.30 (3.62) 1.93 0.24 - - 0.01 - 0.01 - 100.00%
nina Percept Private Limited 2.89 135.00 3.91 43.84 (10.04) (0.36) 3.86 43.48 Pidilite uSA Inc 12.05.2006 31.03.2020 uSD 75.37 111.40 (12.11) 142.53 43.24 4.24 113.72 0.63 (1.34) 1.97 - 100.00%
nitin Enterprises (nitin) 0.36 17.00 (3.37) (37.78) - - (3.36) (37.78) Pidilite Innovation 20.12.2006 31.03.2020 SGD 52.98 5.27 (0.02) 8.17 2.92 - 3.84 (0.25) 0.26 (0.51) - 100.00%
Pagel Concrete Technologies Pvt Ltd 0.00 0.07 (0.00) (0.00) - - (0.00) (0.00) Center Pte Ltd
(PCTPL) Pidilite Industries Egypt 18.10.2007 31.03.2020 EGP 4.79 46.68 (17.62) 61.61 32.55 - 31.57 0.89 (0.14) 1.03 - 100.00%
- SAE
Cipy Polyurethanes Pvt Ltd (CIPy) 2.49 116.31 (0.50) (5.60) 4.97 0.18 (0.48) (5.42) Pulvitec do Brasil 10.05.2005 31.03.2020 BRL 14.52 107.91 (85.66) 51.83 29.59 - 87.06 (3.57) 0.27 (3.84) - 100.00%
ICA Pidilite Pvt Ltd (ICA) 1.97 92.16 (3.86) (43.26) (1.89) (0.07) (3.85) (43.33) Industria e Comercio de
Pidilite C-Techos Walling Ltd 0.00 0.02 (0.00) (0.02) - - (0.00) (0.02) Colas e Adesivos Ltda
Pidilite Grupo Puma Manufacturing Ltd 0.00 0.02 (0.00) (0.02) - - (0.00) (0.02) Bamco Supply and 22.04.2008 31.03.2020 Baht 2.31 0.23 7.49 8.46 0.74 - 11.78 0.88 0.15 0.73 - 49.00%
Services Limited
Pidilite Litokol Pvt Ltd 0.01 0.62 (0.00) (0.03) - - (0.00) (0.03) PIL Trading (Egypt) LLC 27.07.2009 31.03.2020 EGP 4.79 2.61 (5.32) 5.44 8.15 - 5.26 (0.24) (0.01) (0.23) - 100.00%
Pidilite C-Techos Pvt Ltd - - - - - - - - Pidilite Industries 22.11.2010 31.03.2020 RMB 10.63 1.02 (0.07) 0.98 0.03 - 0.84 (0.15) - (0.15) - 100.00%
Pidilite Grupo Puma Pvt Ltd - - - - - - - - Trading (Shanghai)
Co Ltd
Foreign Subsidiaries
Pidilite Chemical PLC 10.12.2014 31.03.2020 Birr 2.27 3.57 (2.26) 4.33 3.02 - - (0.98) - (0.98) - 100.00%
Pidilite Bamco Ltd (Bamco) 1.10 51.34 0.08 0.94 36.92 1.31 0.20 2.25 Pidlite Ventures LLC 08.08.2018 31.03.2020 uSD 75.37 7.91 0.33 8.25 0.01 3.77 - 0.24 (0.02) 0.26 - 100.00%
Bamco Supply and Services Ltd 0.08 3.87 0.20 2.20 10.08 0.36 0.23 2.56 nebula East Africa Ltd 09.09.2015 31.03.2020 KES 0.72 0.36 0.26 2.57 1.95 - 3.11 0.16 0.06 0.10 - 100.00%
(BSSL)
Pidilite Lanka (Pvt) Ltd 07.08.2015 31.03.2020 LKR 0.40 35.05 (3.77) 56.75 25.47 - 41.53 (1.18) 0.03 (1.21) - 76.00%
Pidilite MEA Chemicals LLC (Jupiter) 1.00 46.68 4.24 47.55 (618.82) (21.91) 2.28 25.64 nina Lanka Construction 20.02.2017 31.03.2020 LKR 0.40 0.63 (0.26) 0.63 0.26 - 0.07 (0.31) - (0.31) - 72.70%
Pidilite Chemical PLC (PCPLC) 0.03 1.28 (0.10) (1.11) 5.63 0.20 (0.08) (0.91) Technologies (Pvt)
Pidilite Industries Egypt SAE (PIE) 0.85 39.67 0.82 9.20 (192.99) (6.83) 0.21 2.37 Limited
Pidilite Industries Trading (Shanghai) 0.00 0.20 (0.08) (0.87) (0.10) (0.00) (0.08) (0.87) Pidilite East Africa 12.02.2019 31.03.2020 KES 0.72 4.68 (0.55) 4.32 0.20 - - (0.53) - (0.53) - 55.00%
Limited
Co Ltd (Pidilite Shanghai) nina Percept
Pidilite Innovation Centre Pte Ltd 0.11 5.08 (0.53) (6.00) (2.17) (0.08) (0.54) (6.08) (Bangladesh) Pvt Ltd 29.01.2020 31.03.2020 Taka 0.89 0.39 - 0.39 - - - - - - - 71.81%
(PICPL) Fevicol Company 28.07.1979 31.03.2020 InR - 0.27 1.96 2.23 - 0.04 - - - - - 100.00%
Pidilite International Pte Ltd (PIPL) 0.10 4.59 (0.04) (0.39) (2,075.22) (73.49) (6.56) (73.88) Limited
Pidilite Lanka (Pvt) Ltd (PLPL) 0.56 26.19 0.83 9.35 (7.74) (0.27) 0.81 9.08 Madhumala Venture 01.06.1989 31.03.2020 InR - 0.16 134.88 135.04 - 122.48 - 1.13 - 1.13 - 100.00%
Pidilite Middle East Ltd (PMEL) 0.01 0.57 (0.01) (0.10) (391.52) (13.87) (1.24) (13.97) Pvt Ltd
Pidilite Speciality Chemicals 1.79 83.72 3.55 39.78 88.98 3.15 3.81 42.93 Bhimad Commercial 01.06.1989 31.03.2020 InR - 0.01 8.64 8.65 - - - 1.23 - 1.23 - 100.00%
Company Pvt Ltd
Bangladesh Pvt Ltd (PSCB)
Pagel Concrete 24.01.2007 31.03.2020 InR - 0.10 (0.43) - 0.33 - - - - - 80.00%
Pidilite uSA Inc (PuSA) 2.13 99.36 (0.62) (6.95) (227.80) (8.07) (1.33) (15.02) Technologies Pvt Ltd
PIL Trading (Egypt) Company (PTC) 0.07 3.31 0.10 1.10 (47.36) (1.68) (0.05) (0.58) Building Envelope 07.09.2012 31.03.2020 InR - 8.35 14.37 23.90 1.18 - 9.07 2.31 0.21 2.10 - 60.00%
Systems India Ltd
PT Pidilite Indonesia (PTPI) 0.03 1.62 (0.06) (0.70) 7.89 0.28 (0.04) (0.42)
- 267.76
1.18 144.19 319.68 174.31
29.91
33.75
2.66
Pulvitec do Brasil Industria e Commercio 0.48 22.25 (0.34) (3.84) 953.03 (0.08) (0.02) (0.23) nina Percept Pvt Ltd** 30.03.2015 31.03.2020 InR - 0.94 93.01 125.41 31.46 4.51 185.24 4.00 0.66 3.34 - 71.53%
ICA Pidilite Pvt Ltd
-
1.53
20.11.2015 31.03.2020 InR
41.51
0.52
7.31 236.85 285.67
- 50.00%
2.05
PIDILITE ANNUAL REPORT 2019-20 nebula East Africa Pvt Ltd (nebula) 0.05 215.65 (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) Pidilite C-Techos Pvt Ltd 18.09.2019 31.03.2020 InR - 0.01 (0.04) - 0.01 0.04 - - (0.05) - - - 60.00%
de Colas e Adesivos Ltda (Pulvitec)
Cipy Polyurethanes Pvt
-
4.24
- 120.86 15.42
- 70.00%
11.18
29.11.1994 31.03.2020 InR
(2.21)
0.01
(0.15)
nina Lanka Construction Technologies
(0.01)
0.27
Ltd
(Pvt) Ltd (nina Lanka)
-
-
-
-
0.01
0.67
0.01
0.01
0.15
0.17
0.60
0.02
Pidilite Grupo Puma
-
-
-
- 100.00%
-
-
-
-
-
-
-
16.09.2019 31.03.2020 InR
0.02
0.25
8.24
Pidilite Ventures Ltd (PVL)
0.18
0.03
0.28
0.88
0.03
Pvt Ltd
(0.57)
(0.02)
Pidilite East Africa Limited
2.40
(0.02)
(0.01)
(0.18)
(0.16)
-
- (0.04)
-
60.00%
- (0.04)
Pidilite C-Techos Walling 05.03.2020 31.03.2020 InR
Ltd
0.28
0.01
nina Percept (Bangladesh) Pvt Ltd
Pidilite Litokol Pvt Ltd
-
1.00 (0.05)
1.00
60.00%
07.10.2019 31.03.2020 InR
- (0.05)
0.05
0.51
5.63
5.75
3.39
0.12
Non-Controlling Interest
4.62
0.50
Pidilite Grupo Puma
- (0.04)
- (0.04)
-
- 50.00%
13.01.2020 31.03.2020 InR
0.01
0.04
0.01 (0.04)
-
-
0.01
0.00
-
0.01
-
0.00
-
-
-
Plus Call Technical Services LLC
-
-
-
-
-
* % of holding and voting power either directly or indirectly through subsidiary as at 31 March 2020
(Joint Venture)
** refer note 56(c) of consolidated financial statements
TOTAL
244 Vinyl Chemicals (India) Ltd (Associate) 100.00 4,671.26 100.00 1,122.05 100.00 3.54 100.00 1,125.59 Manufacturing Ltd st
name of Subsidiaries which are yet to commence operations: Pidilite C-Techos Pvt Ltd and Pidilite Grupo Puma Pvt Ltd
name of Subsidiaries which have been liquidated or sold during the year: not Applicable