EQUITY RESEARCH

WHIRLPOOL OF INDIA LIMITED

 QUALITATIVE QUESTION AND ANSWER
1. WHAT DOES THE COMPANY DO?
Ans. Manufacturer of home appliances that are designed to deliver
outstanding performance and enrich your lifestyle.
2. Who are the promoters and what are there backgrounds
Ans. MF, FII, and other instituations, it was incorporated in the year 1960 as
Kelvinator of India Ltd. Formed in collaboration with Kelvinator
International Corporation, USA for the manufacture of refrigerators
compressors and allied products.
3. What do they manufacture ?
Ans. They manufacture home appliances.
4. How many plants do they have and where they are located?
Ans. It has nine manufacturing facilities: Amana, Iowa; Tulsa, Oklahoma;
Cleveland, Tennessee; Clyde, Ohio; Findlay, Ohio; Greenville, Ohio; Marion,
Ohio; Ottawa, Ohio; and Fall River, Massachusetts.
5. Are they running the plant in full capacity?
Ans. Manufacturing capacity will go up and the capacity-related investments
will happen in the next three years.

It expanding presence in other categories as well, like dishwasher, built-in

range of products, water and air purifier and small domestic appliances.
6. Who are the company clients and users?
Ans. Primarily thei rclients are retailers, distributors and builders.
7. Who are their their competitors?
Ans. FINCAB, HAVIND, HPLELE, IFBIND.
8. Who are the major shareholders of the company?
Ans. The Vanguard Group, PRIMECAP Management Co., Fidelity
Management & Research Co., SSgA Funds Management, Inc.
9. Do they plan to launch any new products?
Ans. The company, launched its premium Supreme Care range of front load
washing machines last year and has now expanded it with the launch of the
FreshCare range positioned in the mass premium end.
10. Do they plan to expand to different countries?
Ans. They have export markets across Asia and Africa, prominent being
South East Asia, Australia and this year particularly.
11. What is the revenue mix, which product they sell the most?
Ans. Whirlpool brought in over $5,291 Millions of US in revenue in 2020
12. Do they operate under a heavy regulatory environment?
Ans. Whirlpool has a strong financial position and the liquidity required to
continue operations during this volatile period.
13. Who are their banker and operators?
Ans. Bank of America NA,Bank of India,Bank of Nova Scotia,BNP
Paribas,Citibank NA.,HDFC Bank Ltd.
Hongkong & Shanghai Banking Corporation Ltd.
MUFG Bank
Punjab National Bank
RBL Bank
State Bank of India
and auidotors is MSKA & Associates
14. How many employees do they have ? Does the company have labor
issue?
Ans. 92000 employee they have and this Corporation does not accept or
condone any aspect of forced labor, including indentured, bonded or
prison labor.
15. What are the entry barriers for the enw participatant to enter the
industry?
Ans. Long Term Potential.
Enthusiasm and Passion.
Putting Skills to Action.
Team Player.
Ambition.
Responsivenes.
16. Is the company manufacturing problem that can easily replicated in a
country with cheap labor?
Ans. Set the Function Character for Action, Set the status indicator for
Employment.
17. Does the company have too many subsidiaries?
Ans. Yes,210