TERM PAPER

OF
FINANCIAL MANAGEMENT
(F.M)
TOPIC:- ADITIYA BIRLA NUVO LTD.

SUBMITTED BY:-

REYAZ AHMAD

MBA 2nd SEM.

ROLL- A10

LIM,LPU SUBMITTED TO:

MR.AMRITPAL SINGH
HISTORY:-
Our Company is a part of the Aditya Birla Group and was incorporated on
September 26, 1956 as The Indian Rayon Corporation Limited under the
provisions of the Companies Act, 1956 with its registered office at United
Bank of India Building, 2nd Floor, Sir Pherozshah Mehta Road, Mumbai
400 001, India. Our registered office was shifted from Mumbai to its present
location on December 13, 1961. Subsequently on January 23, 1987 the name
of the Company was changed from The Indian Rayon Corporation Limited
to Indian Rayon and Industries Limited as we had diversified into various
businesses such as textiles, insulators and cements. Subsequently over a
period of time due to the diversification of our business and our foray into
new businesses, the name of our Company did not reflect the complete
nature of the businesses we were involved in. Subsequently on October 27,
2005 the name of the Company was changed to Aditya Birla Novo Limited.
The new name reflects our conglomerate status as we have various
diversified businesses directly or through our subsidiaries / Joint Venture
companies such as the Garments business, Carbon Black, Information
Technology, Business Process Outsourcing, Life Insurance, Financial
services and Telecom business. The Equity Shares of our Company were
first listed on the BSE on December 8, 1987 and thereafter on the NSE on
September 5, 1995.
Milestones achieved by our Company in the last ten years is
mentioned below:-
Year Event
1956 The Indian Rayon Corporation Limited was incorporated in Mumbai
on September 26, 1956
1961 The registered office of the Company was shifted from Bombay to
Veradale (Gujarat)
1963 The Company commenced manufacturing of viscose filament yarn at
Veradale with technical collaboration from Von Khoum International.
1966 Birla’s acquired The Indian Rayon Corporation Limited
1976 Jaya Shree Textiles & Industries Limited was amalgamated with our
Company
1981 Jaya Shree Insulators’ second unit at Hallo goes on stream with the
installed capacity of 6,000 tones p.a.
1984 Our Company entered the cement business by setting up a
manufacturing plant at Mulched in Karnataka with initial capacity of 5.4 lac
tonnes pa, which was further expanded to 18 lac tonnes pa.
1987 Our Company was renamed as Indian Rayon and Industries Limited to
reflect our multi-fold activities on January 23, 1987
1988 Company ventured into carbon black business by setting up Hi-Tech
Carbon (Renukoot). Copromoted Mangalore Refineries and Petrochemicles
Limited (MRPL) 1990 Company installed white cement plant at
Khariakhanagar, Rajasthan. 1995 Company ventured into Sea Water
Magnesia and set up a plant at Chippada Village in Andhra Pradesh to
manufacture high purity refractory grade magnesia. But due to continued
slump in the domestic market the operations were halted on December 28,
1998 and a complete exit on October 1, 1999.
1998 Our cement business was demerged and transferred to Grasim
Industries Limited. Production commenced at our Hi-Tech Carbon’s second
carbon black plant at Gummidipoondi, Tamil Nadu.
1999 Buy Back of shares from shareholders.
2000 Company acquired Madura Garments. Pursuant to this acquisition we
have acquired brands like Louis Phillipe, Van Heusen, Allen Solly, Peter
England, Byford and San Frisco.
2001 Our Company entered into a joint venture with Sun Life Insurance
Incorporated of Canada.
2002 Our insulators business is hived off to a separate joint venture with
NGK Insulators Limited, to form Birla NGK Insulators Limited effective
from August 1, 2002.
2003 Company entered Business Process Outsourcing with the acquisition
of Trans Works Limited.
2005 The name of the Company was changed from Indian Rayon and
Industries Limited to Aditya Birla Novo Limited on October 27, 2005.
INTRODUCTION:-
We are the flagship company of the Aditya Birla Group, which is currently
one of the largest business groups in India in terms of market capitalisation.
Aditya Birla Novo Limited (formerly known as Indian Rayon and Industries
Limited) is the Aditya Birla Group’s most diversified conglomerate, with a
consolidated net turnover of Rs. 4830.34 crores for fiscal 2006. We were
incorporated in 1956 and are listed on the Bombay Stock Exchange Limited
and the National Stock Exchange
of India Limited. We believe we are one of India’s leading players in our
key business segments, such as viscose filament yarn (“VFY”), carbon
black, branded garments, fertilizers, textiles and domestic marketing of
insulators. Through our subsidiaries and joint ventures we are also engaged
in other business segment, such as life insurance, telecommunication,
information technology services, business process outsourcing (BPO), asset
management, manufacture of insulator and other financial services.
MANAGEMENT:-
Board of director:-
Sr.no Name and nationality age Other discription in
degination company
1 Mr. Kumar indian 39 1. Aditya Birla
Mangalam Birla Chemicals
Designation (Thailand) Limited
Chairman 2. Aditya Birla
Management
Corporation
Limited
3. Alexandria
Carbon Black Co.
4. Birla Sun Life
AMC Limited
5. Birla Group
Holdings Private
Limited
2 Mrs. Rajashree Birla indian 61 1. Aditya Birla
Designation : Non Chemicals
Executive Director (Thailand) Limited
2. Aditya Birla
Health Services
Limited
3. Alexandria
Carbon Black Co.
4. Birla Group
Holdings Private
Limited
5. Essel Mining
and Industries
Limited

3 Mr. H.J. Vaidya indian 79 1. Industrial

Designation : Estates (P) Limited
Independent
Director.

4 Mr. B. L. Shah Indian Indian 85 1. Aditya Birla

85Designation : Non Health Services
 Executive Director Limited
2. Aditya Vikram
Global Trading
House Limited,
3. Grasim
Electronics
Limited
Occupation :
Retired Executive
4. G. D. Birla
Medical Research
& Education
5. Indian Aluminium
Company Limited
5 Mr. P. Murari Indian indian 72 . Aban Offshore
Designation : Limited
Independent Directo 2. Adayar Gate
Hotel Limited
3. Bajaj Auto
Limited
4. Bhoruka Power
Corporation
Limited

6 Mr. B.R. Gupta indian 66 1 Bank of

Designation : Rajasthan Limited
Independent 2. HOV Services
Director Limited
3. IDBI Capital
Market Services
Limited

7 Ms. Tarjani indian 70 1. Asian Paints

Vakil Indian Limited
Designation : 2. Alkyl Amines
Independent and Chemicals
Director. Limited
3. DSP Merrill
Lynch Trustee Co.
Private Limited
4. Idea Cellular
Limited

8 Mr. Vikram Rao indian 56 1. Aditya Vikram

Designation: Global Trading
 Whole Time House Limited,
Director. 2. Madura
Garments Exports
Limited
3. Aditya Birla
Management
Corporation
Limited,
4. Aditya Birla
Retail Limited

9 Mr. S.C. Indian 61 1. All Bank

Bhargava Finance Limited
Designation : 2. Bank of
Independent directo Maharashtra
3. DCM Shriram
Consolidated
Limited
4. Escorts Limited
5. IL & FS
Insurance & Risk
Management
Services

10 Mr. G. P. Gupta Indian 65 1. Birla Sun Life

Designation : Insurance
Independent Company Limited
Director 2. EMKAY Share
& Stock Brokers
Limited
3. Hindustan
Aeronautics
Limited

11 Mr. S. K. Mitra Indian 58 1. Aditya Birla

Designation: Management
Whole Time Corporation
Director Limited
2. Birla Sun Life
Asset Management
Company
3. Birla Sun Life
Distribution
Company Limited
4. Birla Sun Life
 Insurance
Company Limited
5. Birla Insurance
Advisory Services
Limited
6. Birla Global
Asset Finance
Company Limited

12 Dr. Rakesh Jain Indian 45 1. Aditya Birla

Designation : Whole Science &
Time Director Technology
Company
2. Aditya Birla
Chemicals
(Thailand) Limited
3. Birla NGK
Insulators Limited

13 Mr. K. K. Indian 51 1. Aditya Birla

Maheshwari Chemical
Designation : (Thailand) Limited
Whole Time 2. Aditya Birla
Director Science &
Technology
Company
3. Bihar Caustic &
Chemicals Limited

14 Mr. Adesh Indian 50 1. Aditya Birla

Kumar Gupta Telecom Limited
Designation: Whole 2. Aditya Vikram
Time Director Global Trading
Housing Limited
3. Birla
Technologies
Limited
4. Birla NGK
Insulators Limited
 COMPANY POSITION:-

Aditya Birla Novo Limited is a diversified conglomerate and the platform

that has launched many new businesses for India’s premier business house,
the Aditya Birla Group. Aditya Birla Novo has a dozen businesses under its
fold, ranging from textiles to telecom.

The razor sharp focus on each business has made it a leading player in most
segments, including viscose filament yarn, carbon black, branded garments,
agri business, textiles and insulators. Over the past few years, Aditya Birla
Novo, through its subsidiaries and joint ventures, has made successful forays
into life insurance, telecom, business process outsourcing (BPO), IT
services, asset management and financial services.

As a leading player, Aditya Birla Novo ranks as:

:: India's second largest producer of viscose filament yarn (VFY)
:: The country's largest premium branded apparel company
:: The second largest producer of carbon black in India
:: Largest manufacturer of linen fabric in India
:: Among the most energy efficient fertiliser plants
:: India’s largest and the world’s fourth largest producer of insulators

Change in its share price over year:-

Monthly Share Prices
Mkt Cap.
Year High(Rs.) Low(Rs.) Close(Rs.) P/E High P/E Low P/E Close
(Rs. in Cr.)
Apr-10 965.00 790.00 822.40 75.17 60.10 63.46 8,470.72
Mar-10 919.95 835.00 908.70 73.18 63.45 70.12 9,359.61
Feb-10 891.45 785.60 840.85 72.29 59.25 64.88 8,660.76
Jan-10 973.65 805.15 846.15 76.47 59.12 65.29 8,715.35
Share Prices Of 2009
Dec-09 918.90 826.20 876.30 72.63 62.73 67.62 9,025.89
Nov-09 879.50 762.20 832.60 68.97 57.96 64.25 8,575.78
Oct-09 1,029.90 786.00 790.30 74.13 60.32 60.98 8,140.09
Sep-09 1,054.00 921.00 953.55 78.49 63.77 67.87 9,058.73
Aug-09 1,043.00 831.00 1,006.40 76.93 57.17 71.63 9,560.80
Jul-09 920.00 725.10 875.15 73.97 47.17 62.29 8,313.93
Jun-09 1,035.00 846.00 861.70 77.69 53.18 61.33 8,186.15
May-09 956.50 500.00 928.10 70.16 34.73 66.05 8,816.95
Apr-09 627.65 441.05 528.10 47.89 30.14 37.59 5,016.95
Mar-09 461.85 330.25 444.20 33.76 23.17 31.61 4,219.90
Feb-09 485.00 405.10 416.35 20.33 15.63 16.69 3,955.33
Jan-09 625.00 450.00 470.45 26.14 17.26 18.86 4,469.28
Share Prices Of 2008
Dec-08 610.05 465.00 574.65 25.96 16.41 23.04 5,459.18
Nov-08 659.40 421.00 481.50 27.84 16.05 19.30 4,574.25
Oct-08 990.00 423.00 549.45 40.54 15.39 22.03 5,219.78
Sep-08 1,314.00 840.00 929.20 54.68 30.44 37.25 8,827.40
Aug-08 1,422.00 1,199.00 1,310.00 57.63 44.38 52.52 12,445.00
Jul-08 1,336.00 1,035.00 1,324.40 54.03 39.87 53.10 12,581.80
Jun-08 1,445.00 1,155.00 1,180.40 59.22 45.31 47.32 11,213.80
May-08 1,635.00 1,400.00 1,432.95 69.46 52.50 57.45 13,613.03
Apr-08 1,551.00 1,322.00 1,450.25 66.50 50.22 58.14 13,777.38
Mar-08 1,692.50 1,151.10 1,394.90 68.22 43.28 55.92 13,251.55
Feb-08 2,049.00 1,651.20 1,713.90 87.81 66.05 71.66 15,990.69
Jan-08 2,502.00 1,614.00 1,998.00 112.96 60.22 83.54 18,641.34
Share Prices Of 2007
Dec-07 2,075.00 1,550.00 2,017.25 89.24 63.97 84.34 18,820.94
Nov-07 1,630.00 1,480.00 1,562.50 70.93 61.14 65.33 14,578.13
Oct-07 1,819.90 1,490.00 1,608.35 83.35 54.75 67.25 15,005.91
Sep-07 1,531.00 1,340.20 1,520.55 64.45 55.23 63.57 14,186.73
Aug-07 1,530.00 1,235.20 1,387.90 67.39 50.44 58.03 12,949.11
Jul-07 1,624.90 1,304.00 1,475.35 70.05 53.74 61.69 13,765.02
Jun-07 1,455.00 1,235.00 1,339.65 65.48 50.85 56.01 12,498.93
May-07 1,420.00 1,138.00 1,404.45 60.03 46.50 58.72 13,103.52
Apr-07 1,220.00 998.15 1,144.45 52.83 40.99 47.85 10,677.72
Mar-07 1,205.00 960.00 1,061.80 51.24 37.86 44.39 9,906.59
Feb-07 1,494.00 1,150.00 1,194.85 78.55 54.89 59.25 11,147.95
Jan-07 1,324.90 1,190.05 1,262.00 66.67 57.50 62.58 11,774.46

CAPITAL STRUCTURE:-
Capital Structure
Period Instrument Authorized Issued Capital -PAIDUP-
Capital
From To (Rs. cr) (Rs. cr) Shares (nos) Face Value Capital
2008 2009 Equity Share 175 95.01 95009290 10 95.01
2007 2008 Equity Share 120 95.01 95008050 10 95.01
2006 2007 Equity Share 120 93.31 93305187 10 93.31
2005 2006 Equity Share 85 59.89 59889912 10 59.89
2004 2005 Equity Share 85 59.88 59884782 10 59.88
2003 2004 Equity Share 85 59.88 59881902 10 59.88
2002 2003 Equity Share 85 59.88 59876742 10 59.88
2001 2002 Equity Share 85 59.88 59876742 10 59.88
2000 2001 Equity Share 85 59.88 59876742 10 59.88
1999 2000 Equity Share 85 59.88 59876742 10 59.88

LIQUIDITY POSITION:-
RATIO ANALYSIS FOR 2005-2007
The figures have large fluctuations are only being included in this analysis.

A)LIQUDITY RATIOS
To measure the liquidity of a firm the following ratios can be calculated.
.Current Ratio
.Quick/Acid/Liquidity Ratio

CURRENT RATIO
Current Ratio may be defined as the the relationship between the current
assets and current liabilities.This ratio is also known as working capital
ratio.
Current Ratio = Current Assets
Current liabilities

TREND OF CURRENT RATIO

Assets Current Liabilities Current
Ratio
2005-06 21786309.46 10200640.87 2.13
2006-07 26088181.20 10164272.44 2.56
2007-08 16553149.16 15890216.42 1.04
INFERENCE
The trend of current ratio shows a declining rate from the year 2005, but
attain the standard norm 2:1, that is 2.13 with a slight increase in the year
2006 that is 2.56.And in the year 2007 it decreases up to 1.04
QUICK /ACID TEST/LIQUID RATIO
It may be defined as the relationship between quick assets and current
Liabilities.Quick Assets can be calculated as:
Quick Assets =Current Assets- Inventories
Quick Ratio = Quick Assets
Current Liabilities
TREND OF LIQUID RATIO
Years Liquid Assets Current Liabilities Liquid Ratio
2005-06 15939669.27 10200640.87 1.56
2006-07 17669066.20 10164272.44 1.73
2007-08 8493977.21 15890216.42 0.53
INFERENCE
We can see that quick ratio in the base year is 1.56 and it is a slight
increasing in 2006 up to1.73 and in the year 2007 it is decreased by 0.53.The
highest ratio is in the year 2006.
INVENTORY TURNOVER RATIO
Every firm has to maintain a certain level of inventory of finished goods so
as to be able to meeet the requirements of the business.but the level of
inventory should neither be too high nor too low.

Inventory turnover ratio is also known as stock turnover ratio.

This ratio is the relationship between cost of gods sold and average
inventory.In other words, it shows the rate at which inventories are
Converted intosales and then in to cash.
Inventory Turnover Ratio =cost of goods sold
Average stock
Cost of goods sold = sales – gross profit
TREND OF INVENTORY TURNOVER RATIO
Year Cost of goods sold Average stock Ratio
2005-06 19958258.00 9730323.15 2.05
2006-07 30763257.98 6608005.35 4.65
2007-08 39254417.82 9298254.50 4.22
INFERENCE
The inventory turnover ratio during the year 2005 was 2.05 and increasing in
the year 2006,that is 4.65 and a slight decreasing in the year 2007 up to
4.22.The ratio indicates the number of times the stock has been turned over
during the period. This shows how rapidly the inventory is turning into
receivables through sales. A high inventory turnover is indicative of good
inventory management.
SOLVENCY RATIO
Solvency ratio is used to test the solvency of a firm .Solvency means the
ability to meet the outside liabilities out of total assets. Thus this ratio
establishes the relationship between total assets and total liabilities.
Solvency ratio = total assets
TREND OF SOLVENCY RATIO
Year Total assets Total outside liabilities Ratio
2005-06 25309538.16 21437450.93 1.18
2006-07 34340030.41 27230491.57 1.26
2007-08 28474066.63 20425998.86 1.39
INFERENCES
The above graph it can be seen that in the base year the solvency ratio was
1.8 and there was a slight decreasein the year2006,and and again it starts
increase in the year 1.39 .Hence we can say that the solvency ratio is less
than the required standard of 2:1,which indicates the low liquidity position.
GROSS PROFIT RATIO
Gross profit ratio measures the relationship between gross profit and net
sales and it is usually represented as percentage .It is calculated as follows
Gross Profit Ratio =Gross Profit *100
Net Sales
year Gross profit Net sales Ratio
2005-06 5105510 25063768 *100 20.37
2006-07 7427348.55 38190606.53*100 19.44
2007-08 11615020.18 50869438.00*100 22.83
INFERENCES
In the year 2005 the gross profit ratio 20.37 and a slight decrease in the year
that is 19.44 and increasing in the year 2007 up to 22.83.

FINANCIAL CREDIBILITY:-
Balance Sheet of Aditya
------------------- in Rs. Cr. -------------------
Birla Novo
Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths

Sources Of
Funds
Total Share
59.89 93.31 95.01 95.01
Capital
Equity Share
59.89 93.31 95.01 95.01
Capital
Share
Application 23.61 0.00 377.41 377.41
Money
Preference
0.00 0.00 0.00 0.00
Share Capital
2,124.1 3,031.2 3,551.3 3,649.2
Reserves
1 4 2 4
Revaluation
0.00 0.00 0.00 0.00
Reserves
2,207.6 3,124.5 4,023.7 4,121.6
Networth
1 5 4 6
Secured 1,084.2 2,071.6 1,856.7 2,217.0
Loans 1 2 2 7
Unsecured 2,282.1
479.36 760.21 886.70
Loans 4
1,563.5 2,831.8 2,743.4 4,499.2
Total Debt
7 3 2 1
Total 3,771.1 5,956.3 6,767.1 8,620.8
Liabilities 8 8 6 7
Mar '06 Mar '07 Mar '08 Mar '09
12 mths 12 mths 12 mths 12 mths

Application
Of Funds
2,461.8 2,653.1 3,111.7 3,290.1
Gross Block
1 5 8 6
Less: Accum. 1,448.7 1,548.9 1,680.8 1,813.9
Depreciation 4 0 9 5
1,013.0 1,104.2 1,430.8 1,476.2
Net Block
7 5 9 1
Capital Work
122.45 203.88 70.73 128.78
in Progress
1,675.7 3,849.3 4,054.1 5,712.3
Investments
9 9 7 9
Inventories 526.33 475.26 776.60 747.60
Sundry
474.78 595.99 760.98 887.23
Debtors
Cash and
18.84 21.71 56.19 36.05
Bank Balance
Total Current 1,019.9 1,092.9 1,593.7 1,670.8
Assets 5 6 7 8
Loans and
619.99 358.40 502.11 557.70
Advances
Fixed
1.48 1.03 40.96 53.76
Deposits
Total CA,
1,641.4 1,452.3 2,136.8 2,282.3
Loans &
2 9 4 4
Advances
Deffered
0.00 0.00 0.00 0.00
Credit
Current
607.63 593.88 791.99 882.41
Liabilities
Provisions 73.92 59.65 133.48 96.44
Total CL &
681.55 653.53 925.47 978.85
Provisions
Net Current 1,211.3 1,303.4
959.87 798.86
Assets 7 9
Miscellaneou
0.00 0.00 0.00 0.00
s Expenses
3,771.1 5,956.3 6,767.1 8,620.8
Total Assets
8 8 6 7
Contingent
584.65 333.46 810.00 991.33
Liabilities
Book Value
364.67 334.87 383.79 394.09
(Rs)
Profit & Loss account of Aditya ------------------- in Rs. Cr. -------------------

Birla Novo
Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths

Income

Sales Turnover 2,786.39 3,577.89 4,145.75 4,997.21

Excise Duty 140.60 157.13 212.80 211.08

Net Sales 2,645.79 3,420.76 3,932.95 4,786.13

Other Income 31.31 73.15 69.94 60.24

Stock Adjustments 43.58 45.19 83.17 17.89

Total Income 2,720.68 3,539.10 4,086.06 4,864.26

Expenditure

Raw Materials 1,511.11 1,917.13 2,236.86 2,749.62

Power & Fuel Cost 187.56 333.75 359.66 537.38

Employee Cost 164.03 193.22 258.20 287.91

Other Manufacturing Expenses 104.06 103.46 115.89 115.43

Selling and Admin Expenses 250.28 293.61 367.72 463.92

Miscellaneous Expenses 62.03 80.49 93.03 85.18

Preoperative Exp Capitalised 0.00 0.00 0.00 0.00

Total Expenses 2,279.07 2,921.66 3,431.36 4,239.44

Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths

Operating Profit 410.30 544.29 584.76 564.58

PBDIT 441.61 617.44 654.70 624.82

Interest 68.55 195.40 204.47 290.64

PBDT 373.06 422.04 450.23 334.18

Depreciation 111.81 120.32 141.10 165.96

Other Written Off 0.00 0.00 0.00 0.00

Profit Before Tax 261.25 301.72 309.13 168.22

Extra-ordinary items 15.99 40.62 41.18 29.23

PBT (Post Extra-ord Items) 277.24 342.34 350.31 197.45

Tax 90.31 117.37 107.24 60.02

Reported Net Profit 186.93 224.97 243.07 137.43

Total Value Addition 767.96 1,004.53 1,194.50 1,489.82

Preference Dividend 0.00 0.00 0.00 0.00

Equity Dividend 41.75 51.32 54.63 38.00

Corporate Dividend Tax 5.86 7.20 9.28 4.43

Per share data (annualised)

Shares in issue (lakhs) 598.90 933.05 950.08 950.09

Earning Per Share (Rs) 31.21 24.11 25.58 14.46

Equity Dividend (%) 50.00 55.00 57.50 40.00

Book Value (Rs) 364.67 334.87 383.79 394.09

CREDIT RATING:-
The rating for the Rs. 10 billion, short-term debt-cum commercial paper
programme of Aditya Birla Novo Limited (ABNL) has been reaffirmed at
A1+ (pronounced A one plus). A1+ is the highest credit quality rating
assigned by ICRA to short-term debt instruments. Instruments rated in this
category carry the lowest credit risk in the short term. Within this category,
certain instruments are assigned the rating of A1+ to reflect their relatively
stronger credit quality.

RATING HISTORY:-
Credit Strengths
Diversified businesses mitigate individual business risks and provide
stability to cash flows Favourable competitive position in manufacturing
businesses helps generate healthy cash flows Businesses such as garments
(Madura Garments), life insurance (Birla Sun Life Insurance), information
technology enabled services (ITES / BPO) (Aditya Birla Minacs), asset
management (Birla Sun Life Asset Management), and Telecom (Idea
Cellular (Idea)) have the potential to generate higher growth and profitability
Equity infusion by the promoters helps improve the capital structure High
financial flexibility supported by significant market value of investments
Group level capital structure posts an improvement subsequent to capital
infusion into Idea
Credit Challenges
Assets (52% as on March 2009) are mainly deployed in investments that
yield minimal returns due to the gestation period Life insurance business
has not yet reached a break-even; and would continue to need significant
capital in the medium term Weak performance/ prospects of the BPO
business, following sub-optimal capacity utilization
IPO ISSUE MADE BY ADITIYA BIRLA NUVO LTD:-
Initial Public Offer (IPO), is the first sale of shares by the privately owned
company to the public. The companies going public raises funds through
IPO's for working capital, debt repayment, acquisitions, and a host of other
uses.
Investor can apply for IPO Stocks by filling an IPO Application Form.
These forms are usually available with stock brokers for free. Investor can
also apply for IPO Stocks online through Online Stock Brokers like ICICI
bank, Share Khan, and Reliance Money.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock
Exchanges & to raise capital to
1. Finance the acquisition of construction infrastructure;
2. Investment in its subsidiaries;
3. Expenditures towards our skill and management development center and
4. Repayment of loans.
Issue Detail:
»»  Issue Open: Sep 18, 2007 - Sep 21, 2007
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 3,700,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 188.70 Crore
   »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 460 - Rs. 510 Per Equity Share
  »»  Market Lot: 12 Shares
  »»  Minimum Order Quantity: 12 Shares
  »»  Listing At: BSE, NSE

Bidding Status (IPO subscription detail):

Number of Times Issue is Subscribed (BSE + NSE)
Qualified Non Retail
As on Date & Time Institutional Institutional Individual Total
Buyers (QIBs) Investors Investors (RIIs)
 Day 1 - Sep 18, 2007 17:00
 0.0000   0.0078   0.0212   0.0100 
IST
 Day 2 - Sep 19, 2007 17:00
 0.8323   0.0169   0.1197   0.5400 
IST
 Day 3 - Sep 20, 2007 17:00
 13.7631   0.0368   0.3473   8.3700 
IST
 Day 4 - Sep 21, 2007 17:00  81.180
 117.6797   67.6202   12.6906 
IST 0

Track and Report to the company chronologically(date wise) :-

Issuer Company Issue Open Issue Close Offer Price Issue Issue Size
(Rs.) Type (Crore Rs.)
Satluj Jal Vidyut Nigam Ltd Apr 29, 2010 May 03, 2010 23/- to 26/- IPO-BB 954.50 - 1,079.00
(SJVNL) IPO
Jaypee Infratech Limited (JIL) Apr 29, 2010 May 04, 2010 102/- to 117/- IPO-BB 1,650.00
IPO
Tara Health Foods Limited IPO Apr 28, 2010 Apr 30, 2010 175/- to 185/- IPO-BB 175.00 - 185.00
Mandhana Industries Limited Apr 27, 2010 Apr 29, 2010 120/- to 130/- IPO-BB 99.60 - 107.90
IPO
Tarapur Transformers Limited Apr 26, 2010 Apr 28, 2010 65/- to 75/- IPO-BB 55.25 - 63.75
IPO
Nitesh Estates Limited IPO Apr 23, 2010 Apr 27, 2010 54/- to 56/- IPO-BB 450.00
Talwalkars Better value Fitness Apr 21, 2010 Apr 23, 2010 123/- to 128/- IPO-BB 77.44
Ltd IPO
Goenka Diamond & Jewels Ltd Mar 23, 2010 Mar 26, 2010 135/- to 145/- IPO-BB 135.00
IPO
Intrasoft Technologies Limited Mar 23, 2010 Mar 26, 2010 137/- to 145/- IPO-BB 53.65
IPO
Shree Ganesh Jewellery House Mar 19, 2010 Mar 23, 2010 260/- to 270/- IPO-BB 371.02
Ltd IPO
Persistent Systems Limited IPO Mar 17, 2010 Mar 19, 2010 290/- to 310/- IPO-BB 168.01
IL&FS Transportation Networks Mar 11, 2010 Mar 15, 2010 242/- to 258/- IPO-BB 700.00
Ltd IPO
Pradip Overseas Limited IPO Mar 11, 2010 Mar 15, 2010 100/- to 110/- IPO-BB 116.60
NMDC Limited FPO Mar 10, 2010 Mar 12, 2010 300/- to 350/- FPO-BB 9,930.45
DQ Entertainment (International) Mar 08, 2010 Mar 10, 2010 75/- to 80/- IPO-BB 128.38
Ltd IPO

 BB = 100% Book Building Issue, FP = Fixed Price Issue

CONCLUSION:-
Our fiscal year ends on March 31 of each year, so all references to a
particular fiscal year are to the 12-month period ended March 31 of that
year. In this section, any reference to “we”, “us” or “our” refers to Aditya
Birla Novo Limited. Unless otherwise stated, the financial information used
in this section is derived from our consolidated audited financial statements
under Indian GAAP, as restated. We are the flagship Company of the Aditya
Birla Group, which is currently one of the largest business groups in India in
terms of market capitalisation. Aditya Birla Novo Limited (formerly known
as Indian Rayon and Industries Limited) is the Aditya Birla Group’s most
diversified conglomerate, with a consolidated net turnover of Rs. 4830.34
crores for fiscal 2006. We were incorporated in 1956 and are listed on the
Bombay Stock Exchange Limited and National Stock Exchange of India
Limited. We believe we are one of India’s leading players in our key
business segments, such as viscose filament yarn (“VFY”), carbon black,
branded garments, fertilizers, textiles and domestic marketing of insulators.
Through our subsidiaries and joint ventures we are also engaged in other
business segment, such as life insurance, telecommunication, information
technology services, business process outsourcing (BPO), asset
management, manufacture of insulator and other financialservices

REFERENCES:-
www.indo-gulf.com/
www.adityabirla.com/ -
www.adityabirla.com/our_companies/.../nuvo_overview.htm
www.adityabirlanuvo.net/our_business/index.aspx
www.connect.in.com/aditya-birla-nuvo/profile-292247.html
www.business-standard.com › Home › Companies & Industry
www.adityabirlanuvo.com/investors/.../ICRA_Nuvo_Rationale.pdf
www.sebi.gov.in/dp/adityanuvo.pdf
www.thehindubusinessline.com/.../2005091800260900.htm
www.adityabirlanuvo.net/adityabirlainsulators/index.aspx
www.moneycontrol.com › Markets - 7 hours ago
www.scribd.com › Research › Arts & Architecture
web.sebi.gov.in/dp/adityabirla.pdf
www.toodoc.com/aditya-birla-more-annual-report-ppt.html