HALF YEARLY REPORT

2012-13

MARICO BANGLADESH LIMITED

Uttara, Dhaka-1230,Tel : + 88(02)8931202 Fax : + 88(02)8932322www.maricobd.com

Marico Bangladesh LimitedHouse # 01, Road # 01, Sector # 01(4th Floor)

be more. every day.

Marico Bangladesh LimitedStatement of Financial Position

as at 30 September 2012

30 September 2012 Taka

31 March 2012 Taka

325,642,856 16,275,280

62,500 88,282,527

430,263,163

286,799,911 569,764,751

- 92,045,200

948,609,862

Property, plant and equipmentCapital work in progressIntangible assetsDeferred tax assetsNon-current assets

Assets

InventoriesAccrued interestAdvance income taxAdvances and deposits Fixed depositsCash and cash equivalentsCurrent assetsTotal assets

1,165,193,164 31,887,303

824,342,726 189,379,122

1,394,878,000 249,360,150

3,855,040,464 4,803,650,326

1,777,938,918 30,632,603 717,730,520 464,859,208 610,000,000 171,207,070 3,772,368,319 4,202,631,482

Equity and Liabilities

Share capitalShare premiumRetained earningsTotal equity

Equity

315,000,000 252,000,000

2,411,072,989 2,978,072,989

315,000,000 252,000,000

2,036,194,216 2,603,194,216

LiabilitiesProvision for gratuityProvision for leave encashmentNon-current liabilities

12,388,093 6,399,181 18,787,274

12,388,093 6,419,607

18,807,700

Short term financeLiability for expensesProvision for income taxTrade creditorsPayable to holding companyOther liabilitiesCurrent liabilitiesTotal liabilitiesTotal equity and liabilities

- 209,713,682

986,826,139 378,582,777

209,232,599 22,434,866

1,806,790,063 1,825,577,337 4,803,650,326

100,000,000 228,696,411 826,822,981 215,678,285 177,772,739 31,659,150

1,580,629,566 1,599,437,266 4,202,631,482

Dhaka, 22 October 2012

be more. every day.

Company Secretary Director Managing Director

As per our annexed report of same date

A. Qasem & Co.Chartered Accountants

Apr

il'12

to S

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be more. every day.

Marico Bangladesh LimitedStatement of cash flows

for the half year ended 30 September 2012

Cash flows from operating activities

Collection from customersPayment to suppliers and operating expensesNet finance (costs)/incomeOther income receivedIncome tax paid

Net cash from operating activities

Cash flows from investing activities

Acquisition of fixed assetsEncashment of fixed deposits - at costEncashment of investment in GP sharesInvestment in fixed deposits

Net cash (used in)/ from investing activities

Cash flows from financing activities

Dividend paid Gratuity paidShort term finance

Net cash used in financing activities

Net increase/(decrease) in cash and cash equivalentsOpening cash and cash equivalentsClosing cash and cash equivalents

3,522,393,467 (3,278,290,498) (8,954,646) 95,245,063 (212,375,196)

118,018,190

(179,628,539) 540,000,000

13,168,950 -

373,540,411

(63,000,000) (137,675) (509,029,613)

(572,167,288)

(80,608,687) 266,612,848 186,004,161

Half year fromApril'11 to Sept.'11

Taka

Half year fromApril '12 to Sept.'12

Taka

be more. every day.

3,460,144,199 (1,895,226,960)

1,655,232 57,779,619 (106,612,206)

1,517,739,885

(554,708,805) - -

(784,878,000)

(1,339,586,805)

- -

(100,000,000)

(100,000,000)

78,153,080 171,207,070 249,360,150

Marico Bangladesh LimitedNotes to the Interim Financial Statements

as at and for the half year ended 30 September 2012

Marico Bangladesh Limited (MBL) was incorporated on 6 September 1999 in Bangladesh under the Companies Act 1994 as a private company limited by shares. Subsequently, the Company was converted to "Public Company" limited by shares vide special resolution passed in the extra ordinary general meeting held on 21 September 2008. The company is a subsidiary of Marico Limited, India and also a listed entity enlisted with Dhaka Stock Exchange Limited (DSE) and Chittagong Stock

The company is engaged in manufacturing of branded Fast Moving Consumer Goods under the brand name of Parachute, Beliphool, Nihar, Cooling Oil, Saffola Gold etc. The company sells its products with its own managed depot from Gazipur, Chittagong, Bogra, Jessore, and Comilla. The

The six months period financial statements have been prepared in accordance with Bangladesh Accounting Standard (BAS) 34 "Interim Financial Reporting", Securities and Exchange Rules 1987, Bangladesh Financial Reporting Standards (BFRSs), the Companies Act, 1994 and other applicable laws and regulations. Board of Directors is of the view that the six months period financial statements fairly represent the Company's position for the period. Prudent estimates have been employed for the preparation of these interim financial statements. Future results could differ from these estimates.

The financial statements of the Company covers one year from 1 April to 31 March. These financial statements cover six months period from 1 April 2012 to 30 September 2012.

The accounting policies and methods of computations followed in preparing these six months financial statements are same as those used in preparation for financial statements of last financial

Reporting entity

Nature of business activities

3.1 Statement of compliance

3.2 Reporting period

Accounting policies

Exchange Limited (CSE).

company started its commercial operations from 30 January 2000.

year ended 31 March 2012.

31 March 2012 Taka

30 September 2012 Taka

Authorised:

40,000,000 ordinary shares of Tk 10 each

Issued, subscribed and paid up:

Issued for cashIssued for consideration other than cash

Share capital

400,000,000

41,500,000 273,500,000

315,000,000

Property, plant and equipment

Property, plant and equipment - at costAccumulated depreciation

517,321,418 (191,678,562) 325,642,856

400,000,000

41,500,000 273,500,000

315,000,000

518,540,754 (231,740,842)

286,799,911

be more. every day.

1.

2.

3. Basis of preparation

4.

5.

6.

Inventories

Raw materialsPacking materials Finished goodsRaw materials in transit

1,241,885,840 108,864,923

224,018,376 203,169,779 1,777,938,918

780,085,756 70,270,395 214,449,555 100,387,458 1,165,193,164

Fixed deposits

Bank Asia LimitedBRAC Bank limitedCitibank N.A.Dhaka Bank LimitedCommercial Bank of Ceylon PLCDelta Brac Housing Finance Corporation LimitedIDLC Finance LimitedHSBCIFIC Bank LimitedPrime Bank LimitedState Bank of IndiaStandard Chartered BankSoutheast Bank Limited

50,000,000 -

- -

50,000,000 50,000,000

170,000,000 150,000,000

- 60,000,000 40,000,000 40,000,000 -

610,000,000

- 51,000,000

250,000,000 50,000,000

- -

250,000,000 573,208,000 10,088,750

- 40,000,000

120,581,250 50,000,000

1,394,878,000

be more. every day.

31 March 2012 Taka

30 September 2012 Taka

Cash and cash equivalents

Cash on hand

Cash at banks and financial institution:Citibank N.A.Standard Chartered BankCommercial Bank of CeylonHSBCDutch Bangla Bank LimitedIDLC Finance LimitedBRAC Bank Limited

108,037,156 2,133,045 1,268,573 27,304,408 1,506,464 2,146 29,319,195 169,570,987 171,207,070

1,636,083 2,428,010

109,687,867 94,403,341 1,267,998 28,712,068 2,587,893

- 10,272,973 246,932,140 249,360,150

Payable to holding company

RoyaltyBank guarantee commission

168,878,753 8,893,986

177,772,739

200,338,613 8,893,986

209,232,599

Comparative figures

Comparative figures have been re-arranged wherever necessary to facilitate comparison.

Subsequent events

No material events occurred after the reporting date, non-disclosure of which could affect the ability of the users of these financial statements to make appropriate decision.

7.

8.

9.

10.

11.

12.

MARICO BRANDS