Name: Isma Jamshed

Project: Fundamental of Cost Accounting

Company: Berger Paints Pakistan Ltd

Submitted to: Sir Zeeshan

About Berger Paints Pakistan Ltd
The first company to introduce premium quality paints in the country. The
BERGER started its operations in 1950. Initially the paints were imported from
the United Kingdom. It was in 1955 that a local manufacturing facility was
established at Karachi.

History

Berger was established two centuries ago and now it has grown to become one of
the world’s largest paints manufacturer. In Pakistan, history of Berger is as old as
history of Pakistan. Berger started its operations in Pakistan in 1950 and was the
first organized Paint Company to offer premium products through import from the
United Kingdom.

BERGER PAINTS PAKISTAN LTD. Became a public limited company in 1974,

when 49.38% of its shares were acquired by Pakistani investors, while the
remaining 50.62% were held by U.K. parent company, Jenson & Nicholson
Limited. In 1991 Slotrapid Limited, a U.K. based company with diversified
business interests, acquiring control of Berger Paints Pakistan Limited by gaining
50.62% shares of the company.
Berger established its first local manufacturing facility in Karachi in 1955. As the
country’s economic and industrial sector expanded the demand for quality paints
also grew and Berger continued to make extensions in its product range to meet
these requirements.

In 2006, Berger established state of the art manufacturing facility in Lahore. This
plant has provided Berger an edge over its competition through enhanced
production. It has enabled Berger to meet the growing demands of its valued
customers across Pakistan. Berger Paints Head office is located in Lahore.

Consistent quality has always been Berger’s trait. This has been the driving force
in making it the leading brand name backed by premium quality across Pakistan.
Berger has the most comprehensive product range for various paint market
segments at different price points. Berger has earned the admiration and trust of
customers by virtue of its superior technology, product quality and a very high
level of customized services.

Berger has entered into a number of technical collaboration arrangements with

leading international manufacturers. These include the largest paint company in
Japan, which enables Berger to develop Automotive, Vehicle Refinishes and
Industrial Paints conforming to international standards; a Japanese chemical
company, for Bumper Paints; PCS Powders, UK for Powder Coatings; DPI
Sendirian Berhad, Malaysia for Road & Runway Markings; Cerachem for
Construction Chemicals and Asian Paints for Decorative Paints. Recently, Berger
acquired distribution rights of DuPont for Pakistan’s vehicle refinish paint
segment.

Berger is also operating Resin manufacturing facility at its Lahore factory. The
resin plant has high production capacity and has enabled Berger to meet its entire
resin needs for the manufacturing of a wide range of quality paints. Berger was
the first paint company in Pakistan to set up its own resin production facility.

The company has regional offices in Karachi, Lahore, Islamabad and Territorial
Offices in Gujranwala, Multan, Faisalabad, Peshawar and Hyderabad. A large
 team of sales personnel and a wide network of dealers and distributors serve
customers in all urban centers across the country.

Vision & Mission

Despite many challenges, Berger Paints has succeeded in staying at the forefront
of Pakistan’s paint industry. Innovation and technological development has
enabled the company to achieve corporate success through its commitment to
provide products of the highest quality and ensuring the ultimate satisfaction of
customers.

The company’s employees are constantly encouraged to pursue the Corporate

Mission Statement:
Vision

We will become the leading paints and associated products manufacturing and
marketing company in Pakistan ensuring best returns to our investors & highest
customer satisfaction.

Mission

We will lead by innovative ideas and technological development in the paints and
associated products in Pakistan ensuring efficient utilization of resources yielding
high returns.

We will ensure highest level of commitment to achieve best quality products and
services.

We will vigorously promote and safeguard the interests of employees,

shareholders, business associates & all other stakeholders.

We will act as a good corporate citizen ensuring service towards community and
shall focus on environment, health and safety.
Customer Service

Berger is not just a Paint company; it offers one window solution across different
paint product categories in order to meet the demands of its valued customers.

Berger offers professional services to its industrial customers through highly

qualified and experienced Technical Services team. The team consists of highly
trained technical staff holding degrees in chemistry.

The Technical Sales Officers make personal visits to address problems that the
customers may be facing and have the relevant paint coating modified or adjusted
according to the specific requirement.
Assets
Fiscal year is July-June. All values PKR
Millions. 2020 2019 2018 2017 2016

Cash & Short Term Investments 74 111 69 92 133

Cash Only 42 79 27 50 133

Short-Term Investments 32 32 42 42 -

Cash & Short Term Investments

-33.83% 61.88% -25.19% -30.82% -
Growth

Cash & ST Investments / Total Assets 1.59% 2.53% 1.58% 2.13% 3.47%

Total Accounts Receivable 1,519 1,845 1,591 1,320 1,327

Accounts Receivables, Net 1,134 1,479 1,237 1,221 1,202

Accounts Receivables, Gross 1,342 1,720 1,444 1,464 1,417

Bad Debt/Doubtful Accounts (208) (241) (207) (243) (216)

Other Receivables 384 366 354 99 126

Accounts Receivable Growth -17.68% 15.99% 20.52% -0.57% -

Accounts Receivable Turnover 2.84 2.88 3.58 4.03 3.96

Inventories 1,269 1,060 1,262 1,152 879

Finished Goods 450 292 325 383 261

Work in Progress 66 72 77 65 58

Raw Materials 583 568 622 575 436

Progress Payments & Other 170 128 238 129 125

Other Current Assets 14 17 13 346 211

Fiscal year is July-June. All values PKR
Millions. 2020 2019 2018 2017 2016

Prepaid Expenses 12 14 13 14 10

Miscellaneous Current Assets 2 3 - 332 201

Total Current Assets 2,875 3,034 2,935 2,910 2,551

Net Property, Plant & Equipment 1,640 1,180 1,229 1,146 1,044

Property, Plant & Equipment - Gross 1,808 1,550 1,565 1,424 1,250

Buildings 347 373 351 277 252

Land & Improvements 662 484 528 451 415

Machinery & Equipment 272 329 321 293 239

Construction in Progress 67 24 4 52 27

Leases 209 108 108 112 10

Computer Software and Equipment 31 31 33 31 28

Leased Property - - - 10 112

Transportation Equipment 61 48 53 60 58

Other Property, Plant & Equipment 158 153 167 139 109

Accumulated Depreciation 168 370 336 278 206

Buildings - 75 53 31 15

Machinery & Equipment 12 153 128 109 75

Leases - - - 5 3

Computer Software and Equipment 29 26 25 22 19

Leased Property - - - 5 3
Fiscal year is July-June. All values PKR
Millions. 2020 2019 2018 2017 2016

Transportation Equipment 31 25 39 42 39

Other Property, Plant & Equipment 86 73 77 64 53

Total Investments and Advances 49 51 64 70 49

LT Investment - Affiliate Companies 49 51 64 37 38

Other Long-Term Investments - - - 33 11

Long-Term Note Receivable 24 45 54 51 47

Intangible Assets 26 27 40 45 49

Net Goodwill 24 24 32 37 37

Net Other Intangibles 2 3 8 8 12

Other Assets 18 22 27 23 20

Tangible Other Assets 18 22 27 23 20

Total Assets 4,631 4,412 4,349 4,327 3,832

Assets - Total - Growth 4.96% 1.46% 0.51% 12.90% -

Asset Turnover 0.95 - - - -

Return On Average Assets 1.62% - - - -

Liabilities & Shareholders' Equity

Asian Paints
From Wikipedia, the free encyclopedia

Asian Paints Ltd.

Type Public

Traded as BSE: 500820
NSE: ASIANPAINT
BSE SENSEX Constituent
NSE NIFTY 50 Constituent

ISIN INE021A01026

Industry Chemicals

Founded 1 February 1942; 79 years ago

Founders Champaklal Choksey

Chimanlal Choksi
Suryakant Dani
Arvind Vakil

Headquarters Mumbai, Maharashtra

, 

India

Area served Worldwide

Key people Ashwin

Dani (Chairman)
Manish Choksi
(Vice Chairman)
Amit Syngle
(CEO)
Abhay Vakil
(Non Executive Director)
Products Chemicals
 Decorative paints
Industrial finishing
products
Coatings
Revenue  ₹20,515
crore (US$2.9 billion) (2020)[1]

Operating income  ₹3,685

crore (US$520 million) (2020)[1]

Net income  ₹2,728

crore (US$380 million) (2020)[1]

Total assets  ₹16,154

crore (US$2.3 billion) (2020)

Total equity  ₹10,034

crore (US$1.4 billion) (2020)[1]

Number of 7,600+ (2020)[1]

employees

Website www.asianpaints.com

Asian Paints Limited is an Indian multinational paint company headquartered in Mumbai,

Maharashtra. The company is engaged in the business of manufacturing, selling and distribution
of paints, coatings, products related to home decor, bath fittings and providing of related
services. Asian Paints is India's largest and Asia's third largest paints corporation. As of 2015, it
has the largest market share with 54.1% in the Indian paint industry. Asian Paints is the holding
company of Berger International.

History
The company was started in a garage in Gaiwadi, Girgaum, Mumbai by four friends Champaklal
Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vakil. They all belong to Jain families,
and founded the company in February 1945. During World War II and the Quit India
Movement of 1942, a temporary ban on paint imports left only foreign companies and Shalimar
Paints in the market. Asian Paints took up the market and reported an annual turnover
of ₹23 crore in 1952 but with only 2% PBT margin. By 1967, it became the leading paints
manufacturer in the country.

The four families together held the majority shares of the company. But disputes started over the
global rights in 1990s when the company expanded beyond India. The disputes resulted in
Choksey selling their 13.7% shares and exiting in 1997. Champaklal died in July 1997 and his
son Atul took over. After failed collaboration talks with the British company Imperial Chemical
Industries, Choksey's shares were mutually bought by the remaining three families and Unit
Trust of India. As of 2008, the Choksi, Dani and Vakil families hold a share of 47.81%.[9]

Ownership structure

The company has 12 institutional owners and shareholders that are investing through Securities
Exchange Commission (SEC). Largest stakeholders include Bridge Builder International Equity
Fund, and Touchstone Sands Capital Emerging Markets Growth Fund.[10]

Marketing and advertising

In 1950s, the company launched a "washable distemper", which was a balance between the
cheap dry distemper that peeled easily and the more expensive plastic emulsions. Promoting their
brand Tractor Distemper, the company used "Don't lose your temper, use Tractor Distemper" in
their advertisings.[8] In 1954, "Gattu" – a mischievous boy with a paint bucket in his hand – was
launched as mascot. Created by R. K. Laxman, the mascot found appeal with the middle-classes.
[11]

He was used only in print advertisements and packaging till 1970s and by 1990s, was also seen
on television advertisements. Gattu helped in bringing the commodity-led business of painters to
the actual end users of home-owners.[11] Ogilvy & Mather, the advertising agency associated with
Asian Paints, launched marketing strategy by focusing on festive occasions in 1980s with their
tag line "Har Ghar Kucch Kehta Hai" (Every home says something). Relating with festivals and
important life events like marriages and child birth, the company advertised it as an occasion to
paint homes by connecting on emotional level. In 1990s, the advertisements focused on the home
exteriors, focusing on how the paints could keep the exteriors timeless.[11] The company
revamped its corporate identity in 2000s and axed Gattu as their mascot, and later changed its
"Asian Paints" logo to the shorter "AP" mnemonic.

Asian Paints
Asian Paints is a paint company headquartered in Mumbai. Asian Paints operates in 16 countries
and has 25 paint manufacturing facilities in the world servicing consumers in over 65 countries.
Asian Paints manufactures a wide range of paints for decorative and industrial use. Asian Paints
has diversified into chemical products such as Phthalic Anhydride and Pentaerythritol, which are
used in the paint manufacturing process. In FY17, Asian Paints registered a net profit of Rs
1,803 crore over revenue of Rs 14,360 crore. As of September 2017, Asian Paints' promoter
group held a 52.79 per cent stake in the company while the remaining 47.21 per cent was with
the public.
Asian Paints shares
Asian Paints shares are traded with symbol ASIANPAINT on stock exchanges BSE and NSE.
Background
In Decorative paints, Asian Paints is present in all the four segments - interior wall finishes,
exterior wall finishes, enamels and wood finishes. Asian Paints also offers water proofing, wall
coverings and adhesives in its product portfolio. Asian Paints is present in the home
improvement and decor space through Sleek (Kitchens) and Ess Ess (bath fittings). Asian Paints
also operates through PPG Asian Paints Pvt Ltd, a 50:50 JV between Asian Paints and PPG Inc,
USA. History
Asian Paints was founded in 1942 by Arvind Vakil, Champaklal Choksey, Suryakant Dani and
Chimanlal Choksi. In 1982, the company went public in India.
Registered office
6 A, Shantinagar, Santacruz East, Mumbai, Maharashtra-400055

BalanceSheet - Asian Paints Ltd.

Rs (in Crores)

Particulars Mar'20 Mar'19 Mar'18 Mar'17 Mar'16

12 12 12 12 12
Liabilities Months Months Months Months Months

Share Capital 95.92 95.92 95.92 95.92 95.92

Reserves & Surplus 9357.37 8747.04 7702.24 6998.83 4867.24

Net Worth 9453.29 8842.96 7798.16 7094.75 4963.16

Secured Loan 18.50 10.89 9.87 37.22 9.37

Unsecured Loan .00 4.35 .00 .00 22.18

TOTAL LIABILITIES 9471.79 8858.20 7808.03 7131.97 4994.71

Assets

Gross Block 6750.70 6505.65 3326.16 3084.09 3869.41

(-) Acc. Depreciation 1789.84 1284.45 757.63 479.41 1244.27

Net Block 4960.86 5221.20 2568.53 2604.68 2625.14

Capital Work in Progress 108.09 179.31 1391.84 219.76 92.79

Investments 2657.93 2964.00 2577.34 2913.60 2439.68

Inventories 2827.47 2585.10 2178.43 2194.09 1610.12

Sundry Debtors 1109.22 1244.95 1138.20 994.63 759.06

Cash and Bank 376.06 167.52 120.84 205.94 155.02

Loans and Advances 1547.99 1320.81 1612.75 1225.33 682.34

Total Current Assets 5860.74 5318.38 5050.22 4619.99 3206.54

Current Liabilities 3934.91 4653.94 3629.70 3080.02 2563.82

Provisions 180.92 170.75 150.20 146.04 805.62

Total Current Liabilities 4115.83 4824.69 3779.90 3226.06 3369.44

NET CURRENT ASSETS 1744.91 493.69 1270.32 1393.93 -162.90

Misc. Expenses .00 .00 .00 .00 .00

TOTAL
ASSETS(A+B+C+D+E) 9471.79 8858.20 7808.03 7131.97 4994.71
Rs (in Crores)
Comparison Between Asian Paint, Berger Paint
Getting your home painted is a big task in this era. If we go in detail, lots of paint products
are available in market these days so choosing best of them is quite more difficult. To make
that easy we are suggesting you some basic information about some of the paint brands
such as Asian paint, Nerolac paint, berger, Dulux , sherwin-williams  etc. Asian Paint is market
leader which covers 70% of Indian market. All the paint companies have unique products
which make them different  from its competitors. Here is very healthy comparision of all.

Berger Paints
We can paints our home wall according to our imagination with the help of Berger
paints. Berger paints is an iOS 9001 company and the country’s third largest paint
manufacturer, with its headquarters in Calcutta. Berger paints holds a distribution

network comprising of 66 stock points across the country.

              The company offers quality colorful paints for their costumers includes

home owners, professional and industrial users, because of its quality products the

company attained instant recognition worldwide. They work towards to meet quality

requirements of the domestic market. 

Popular Paints from Berger Are:-

1 Breath Easy

2 Silk Luxury Emulsion

3 Easy Clean

4 Rangoll Total Care

5 Wather Coat All Guard

Range Of Products from Berger Paints:-

1 Interior Wall Coatings

2 Exterior Wall Coatings

3 Berger Metal And Wood Paints

4 Living Green
5 Protective Coatings

Asian Paint 
Asian paints one of the largest paints company and manufacturer also provide wide range of

painting. Asian paints are the market leader in the paint India industry because of their sharp

leadership in the decorative paint segments. It is ranked as one among the top ten

decorative coatings companies in the world today. This is due to the strong brand
quality. Asian paints offer very vast variety of colors for our walls. Asian paints manufacturing

and exporting decorative paints, emulsion paints, protective coatings, industrial paints, and

automotive paints.

Product from Asian Paints:-

1 Interior Paints   - Tractor Emulsion, Premium Emulsion, Royale Luxury, Royale

Shyne.

2 Exterior Paints   - Ace Emulsion, Upex, Upex Ultima Exterior Paint.

3 Metal Finishes   -  Enamel Paint, Water Based Royale Luxury Enamel.

4 Wood Finishes   - Hand Polish.

5 Water Proofing  - Asian Paint Water Proofing Material. 

   

Here is Full Details of  Asian Paint Full Product Details.

Special Effects Paint From Asian Paints:-

1 Royale play
  

  

You can explore more about the Texture at this link Royale Play Special Effect .

2 Royale Play Wall Fashion 

3 Kids World      

Asian Paints Shade Card:-

 
No Asian Paint is leader in India, it is easily available across cities town. It has

various tppes of products for each and every need of customers.