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United Spirits Limited. Presentation on Financial Results April-June 2009. USL - Update. SWCL/Primo/ Zelinka merger process has been completed and the accounts have been done for March on merged basis
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United Spirits Limited Presentation on Financial Results April-June 2009
USL - Update • SWCL/Primo/Zelinka merger process has been completed and the accounts have been done for March on merged basis • Merger effective from 1.4.2007 , the Appointed date • The merger has been accounted for as per Scheme • Fair value of assets as of 1.4.2007 of the merging entities • Shares in trust have been valued at Rs. 9,256 Mio as prescribed in the Scheme. Per share carrying value Rs.798. • Impairment of assets of Rs. 80 mio provided for • Net addition to Reserves on account of the Scheme related entries Rs. 4,851 Mio.
USL - Update Continued….. • Subsequent to year end the allotment of shares have also been completed and the Issued & paid-up capital of USL stands at Rs 1079 Million. • USL benefit Trust was to receive 11.589 Mio shares of the Company at a carrying value of Rs.9,248 Mio (31.03.2009) • Prior to effective date SWCL sold 10.2 mio share of USL for a Net Consideration of Rs. 891.25 Cr. • Currently the Trust holds 3.459 Mio shares of USL valued at Rs. 3,321 Mio (28.07.2009). • 6 Overseas Subsidiaries hold 4.925 Mio shares in USL Valued at Rs. 4,728 Mio (28.07.2009)
Consolidated Debt Position In Rs. Crore # After considering prepayment of USD 186 mio (Rs.891.94 Crs)
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