Arvind Ltd

Arvind Ltd is the largest cotton textiles manufacturer and exporter in India. They are the leading player in the branded garments in the domestic market. The company's principal business consists of manufacturing and marketing of Denim Fabric, Shirting Fabric, Shirts, Knitted Fabric and Garments. The company is having the rights to market international brands such as Lee, wrangler, Arrow and Tommy Hilfiger in India. The company has also owns popular brands such as Newport, Flying Machine, Excalibre and Ruf & Tuf. They are having their production facilities at Ahmedabad, Mehsana, Gandhinagar in Gujarat, Pune in Maharashtra and Bangalore in Karnataka. Arvind Ltd was incorporated in the year 1931 as Arvind Mills Ltd by three brothers Kasturbhai, Narottambhai and Chimanbhai. In the year 1934, they established themselves amongst the foremost textile units in the country. They are first company to bring globally accepted fabrics such as Denim, yarn dyed shriting fabrics & wrinkle free gaberdines to India in the year 1986. In the year 1987, they started retail outlets for 'Arrow' brand and became the first company to bring international shirt brand 'Arrow' to India. The company joint venture includes their technical and marketing alliance with F M Hammerie Von-Ogensver Waltungs, Austria, the US based Alamac Knit Fabrics & Spinners and Webexi Dict Turt, Switzerland. Arvind Mills, in 1985 has diversified into electronics by setting up a plant to manufacture electronic telephone exchanges (EPABX). They also entered into marketing pharmaceutical products and B&W and colour television sets under the name Pyramid. the company expanded their shirts manufacturing capacity from 2.4 million pieces to 4.8 million pieces per annum. During the same year, their subsidiary company, Arvind Spinning Ltd commenced their operation. In March 2005, the company commenced their operations of producing Jeans Pant in Bangalore with the installed capacity of 4 million Pcs per annum. During the year 2005-06, new Denim collection was launched which was aimed at the Super Premium brands of the USA, Europe, Japan & Korea. The response to this collection was good and they have opened new venues for the Denim division. The company demerged and transferred the Garments Business Division of their 100% subsidiary company, Arvind Brands Ltd and amalgamate Arvind Fashions Ltd, a 100% subsidiary of Arvind Brands Ltd with themselves with effect from April 1, 2006. Also The Company has a joint venture company namely Arvind Murjani Brand Pvt Ltd, through which they hold license to sell Tommy Hilfiger brand apparel in India. The operations of Arvind Brands Limited and their subsidiaries were merged with the Company with effect from April 1, 2006. The wholesale branded apparel business of Arvind Fashions Ltd has been sold to VF Arvind Brands Pvt Ltd with effect from August 31, 2006. In March 2008, the company signed an exclusive license agreement with The Philips-Van Heusen Corporation for designing, distribution and retailing of IZOD brand apparels in India. From May 2008, the company name was changed from Arvind Mills Ltd to Arvind Ltd.

It has Garment division, which launched ready to stitch jeans pack under the brand `Ruf & Tuf`.

Plant locations
1. 2. 3. 4. 5. 6. 7. 8. 9. Naroda Road , Ahmedabad , Gujarat 380025 26/227/2 Kenchenahaili , Mysore Rd Nr Bangalore Univert , Bangalore , Karnataka 560059 Arvind Intex Raipur Road , Gomtipur , Ahmedabad , Gujarat 380021 D-64 MIDC Gokul Shirgaon , Karveer , Kolhapur , Maharashtra 416234 Khatraj Taluka , Kalol Dist , Mehsana , Gujarat 382721 Khatrej , Taluka Kalol , Gandhinagar , Gujarat 382721 No 23/1 Sonnenahalli Village , Sitarampalya Cross ITPL Road , Bangalore , Karnataka 560048 Santej Taluk , Kalol District , Gandhinagar , Gujarat 382721 Voiles Ankur Textiles , Outside Raipur Gated , Ahmedabad , Gujarat 380022

Profit and loss

Particulars INCOME : Total Income EXPENDITURE : Total Expenditure Reported Net Profit Earnings Per ShareBook ValueMar-13 4,039.76 3,359.61 261.22 9.84 78.35 Mar-12 3,877.45 2,988.60 434.23 16.89 68.02 Mar-11 2,823.23 2,385.04 134.80 5.30 58.64

Years Debt-Equity Ratio RONW (%) ROCE (%)

Mar-13 1.0 11.7 12.7

Mar-12 1.1 9.4 12.1

Mar-11 1.3 7.8 9.0

ROCE & RONW Good for textiles as it above 9.5% Products & Services Product Name Unit % of Stock Sales (Cr.)

Fabrics Garments

NA No

81.3 12.9

3,084.32 489.08

Promoter share holding is about 44% Non promoter share holding is about 55% (institutional and non-institutional) Market capitalization is about 2134 croers Key Executives Chairman & Managing Director CFO & Director Director Sanjay S Lalbhai Jayesh K Shah Sudhir Mehta

Welspun India Ltd Profile

Welspun India, the flagship company of Welspun group was incorporated in the year 1985. Welspun India Ltd is the largest producer of Terry Towel in Asia and one of the 10 leading in the world, possessing a state-of-the-art, fully integrated terry towel unit at Vapi, Gujarat. The Company's Plant with state-of-the-art technology, has got ISO 9002 accreditation. Being an environment friendly manufacturing process company, it has been awarded the OKOTEX certification. The Company transferred the Spinning division with its assets and liabilities to Welspun Cotton Yarn Ltd. WIL continues to manufacture terry towels, but the yarn spinning is carried out by the new company - Welspun Cotton Yarn Ltd (WCYL). In order to give impetus to the market share, the Company has embarked upon direct marketing. The Company has set up a wholly owned subsidiary in the name of Welspun USA Inc. in New York to focus on the US markets. It has started using Eguptian Cotton Yarn & American Pima Cotton in the manufacture of premium quality towels and above same was registered trademark user of 'Egyptian Cotton' & 'Supima'. The company has started direct marketing by way of 100% subsidiary in USA and has made grounds for tie-ups with the best in the market for floating the products in the market. The company chalked out a expansion plan by setting up a 20 looms at an capital outlay of Rs. 35 crores which is under implementation and out of which 11 looms have been installed and production has commenced. With this expansion the capacity has been enhanced to 10800 MTPA. During 2004-05 the company has set up a new plant at Anjar, Gujarat at an investment of Rs.5.75 Billion. This plant was set up for the new product category bed linens with a capacity of 35 million meters per annum. Further the company also undertook captial expenditure for construction of a

commercial building and installation of processing equipments and Diesel Generator Sets at Vapi at a cost of Rs. 6002.8 million. The company has also commenced its commercial production of Toweling facility in March 2005, the spinning facility commenced its commercial production in June 2005. The bed sheeting facility has commissioned and scheduled to commence its commercial production at full capacity by September 2005. The company has increased the installed capacity of Cotton Terry Towels by 12000 MTPA during 2004-05 and with this expansion the total installed capacity of Cotton Terry Towels has increased to 23500 MTPA.

Plant locations
Survey No 76 Village Morai , Valsad Dist , VAPI, Gujarat 396191, Tel : 91-260-2437437 , Fax : 91-260-2437088 Welspun City Varsamedi , Tal Anjur , Kutch, Gujarat 370110, Tel : 91-2836-661111 , Fax : 91-2836-279010 Profit and loss

Particulars

Mar-13

Mar-12

Mar-11

Total Income Total Expenditure Reported Net Profit

3,087.64 2,597.62 171.41

2,604.56 2,153.45 117.11

2,174.52 2,018.88 -99.79

Earnings Per Share Book Value

16.51 106.01

13.16 103.44

0.00 73.86

Products proportions
Product Name Terry Towels Bed linen Products Rugs Unit MT Pcs MT % of Stock 48.8 37.4 5.9 Sales (Cr.) 1,485.22 1,137.83 179.77

Grey Fabric Spunless Non Woven Advanced Cotton Yarn

Mtr NA MT

1.2 0.3 0.2

37.54 9.36 5.90

Key Executives
Chairman Director Director Managing Director B K Goenka Dadi B Engineer A K Dasgupta R R Mandawewala

Key ratios
Years Debt-Equity Ratio ROCE (%) RONW (%) Mar-13 1.7 13.2 17.2 Mar-12 2.2 14.7 17.7 Mar-11 2.6 9.0 10.9

Promoter share holding is about 68.4% Non-promoter share holding is about 16.97% (institutional)