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Notes to the Annual Report and Accounts This PDF version of the Unilever Board meetings were held at the offices of Hindustan Unilever in. the Annual Report and the text of the Schemes. . HINDUSTAN UNILEVER LTD. , Annual Report – Amount (In Rs.) HINDUSTAN UNILEVER LIMITE WESTERN REGION Information pursuant to Clause 32 of the Listing Agreement ANNUAL REPORT – JL Morison.

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The Independent Directors of your Company have given the certificate of independence to your Company stating that they meet the criteria of independence as mentioned under Section 6 of the Companies Act, So this amount of Rs 2, cr out of Rs 7, cr is neither trade credit nor advances from customers. Nevertheless, float in both cases levers up return on invested capital for both the companies.

Dermatologist-tested and pediatrician-approved, Baby Dove range is formulated uniquely to replenish essential nutrients and is hypoallergenic and pH-neutral for skin types of all babies. Your Directors would also like to acknowledge the excellent contribution repprt Unilever to your Company in providing the latest innovations, technological improvements and marketing inputs across almost all categories, in which it operates.

Moreover, the company has securitized receivables worth Rs cr, where the banks who had bought the receivables, have recourse to the MHRIL in case of defaults — see contingent liabilities schedule.

Home Hul Auditors Report. As per the latest Campus Track Business School Survey, conducted by Nielsen for B-School students, your 0207-08 has been chosen as the preferred employer across all sectors. For a company like Berkshire, given the fact that their float has been nicely growing for many years and with underwriting profits, does that mean the liability should be valued at zero?

This responsibility also includes maintenance of adequate accounting records in accordance with the repirt of the Act for safeguarding the assets of the Repprt and for preventing and detecting frauds and hlu irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, 2007-08 and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

If so, then its true value is far lower than its book value. Special programmes are designed by the Corporate Safety Team jointly with the sites and many of them extend the events repprt a full Safety Week.


These businesses agreed have the ability to generate float through the presence of a moat.

Hindustan Unilever Directors Report | Hindustan Unilever Director Details – The Economic Times

It may even have to pay interest on those deposits. Float to rdport assets ratio has ranged between 1. In making those risk assessments, the auditor considers internal financial controls relevant to the Company””s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.

Just take a look at NBCC. The higher the interest rates in the economy, the more valuable free floats become as 2007-8 of unencumbered value for stockholders. These would enable a sharper and richer sales execution process in the marketplace.

The escalation and rise in the sales price will not be captured by the company. Dion Global Solutions Ltd.

HUL Auditor’s Report

There are no materially significant uncovered exchange rate risks reort the context of Company”s imports and exports. Sometimes the whole competitive adv seems disappear overnight. This will happen because 1 the assets financed with such anhual float would still be valued on the basis of their expected future earning power; but 2 the true value of the liability represented by the float will be far lower than its carrying value, provided the float is both costless and long-enduring.

The common mobility solution has also been upgraded. Foreign Exchange transactions are fully covered with strict limits placed on the amount of uncovered exposure, if any, at any point in time. Investment is subject to market risks. So, Buffett is not averse to the idea of having an insurance float having a cost provided he can do something intelligent on the asset side return on assets and provided that cost repirt still less than the treasury bond yield.

HUL Auditors Report

Each side of the Amazon. According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, employees hyl insurance, income tax, sales tax, service tax, duty of customs, duty of excise, value added tax, cess, professional tax and other material statutory dues were in arrears as at 31 March for a period of more than hu, months from the date they became payable.

Our audit involves anmual procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness.

Drag according to your convenience. Disclosures with respect to the remuneration of Directors and employees as required under Section of the Act and Rule 5 1 Companies Appointment and Remuneration of Managerial Personnel Rules, Rules have been appended as Annexure to this report.


As for your second question: Under the SHARES Plan, eligible employees can invest in the shares of the holding Company for specified amount and after three years one share is granted to the employees for every three shares invested subject to the fulfillment of conditions of the scheme.

OPINION In our opinion, the Company has, in all material respects, an adequate internal financial control system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 Marchbased on the internal controls over financial reporting criteria established by the Company considering the essential components of internal controls stated in the Guidance Note issued by the ICAI.

In the end, as I mentioned in my post, it boils down to the power you command over your vendors and your customers which will determine the cost of the float. The Company””s management is responsible for establishing and maintaining internal financial controls based on the internal controls over financial reporting criteria established by the Company considering the essential components of internal controls stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting the “Guidance Note” issued by the Institute of Chartered Accountants of India “ICAI”.

Vikas, see my comments on Mahindra Holidays below where high receivables and accompanied with high customer advances. One of the activities anjual the Legal function has engaged itself with across the country is in propagating intellectual property awareness.

The Legal function of your Company continues to be a valued partner in facilitating the business agenda in the areas of claims management, legislative changes in both emerging and existing regulations, effectively dealing with unfair competition and ensuring regulatory compliance.

Over the years, the Industrial Relations function of your Company achieved many milestones by strengthening its base through Institutional Capability Development Initiatives, Gender Annuzl, Digitization and Community Development.

Float prevents deport company from the burden of interest-bearing debt. Fabric conditioner was also relaunched with improved performance and fragrance delivery. The company has been debt free since I am a great admirer of yours crisp thoughts and transformation of learning from great investor to indian market in a simple way.


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