Pidilite Industries Annual Report 2010

Annual Report

2009 - 2010

building bonds

building bonds
‘Building Bonds’ has been the foundation of our interaction with all our internal and external stakeholders. This year we take our philosophy to the next level infusing it with a renewed sense of creativity. Creativity is what excites and drives us. It is a spark that, we believe, will ignite the imagination of those directly and indirectly associated with Pidilite.

Company Information

Board of Directors

B K Parekh S K Parekh M B Parekh N K Parekh R M Gandhi N J Jhaveri Bansi S Mehta Ranjan Kapur Yash Mahajan Bharat Puri D Bhattacharya A B Parekh A N Parekh V S Vasan J L Shah

Chairman Vice Chairman Managing Director Joint Managing Director Director Director Director Director Director Director Director Wholetime Director Wholetime Director Wholetime Director (up to 21.10.2009) Wholetime Director (wef 21.10.2009)

Corporate Office Ramkrishna Mandir Road Off Mathuradas Vasanji Road Andheri (E), Mumbai 400 059 Registered Office Regent Chambers, 7th Floor Jamnalal Bajaj Marg 208, Nariman Point Mumbai 400 021 Registrar & Transfer Agent TSR Darashaw Limited 6-10, Haji Moosa Patrawala Ind. Estate 20, Dr. E Moses Road, Mahalaxmi Mumbai 400 011

President & Company Secretary P C Patel Solicitors & Advocates Wadia Ghandy & Co Auditors Haribhakti & Co Internal Auditors Mahajan & Aibara Bankers Indian Overseas Bank Corporation Bank ICICI Bank The Royal Bank of Scotland N.V.


02 Company Information 04 Management Discussion and Analysis 11 Economic Value Added (EVA) 12 Financial Charts 14 10 Years Financial Performance 16 Directors’ Report 22 Corporate Social Responsibility Report 24 Annexure I to the Directors’ Report 27 Auditor’s Report 30 Balance Sheet 31 Profit & Loss Account 32 Schedules 56 Cash Flow Statement 58 Statement Pursuant to Section 212 60 Corporate Governance Report 65 Corporate Governance Compliance Certificate 66 Information for Shareholders 68 Consolidated...