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LORD JESUS CHRIST SAYS

But I say to you, Love your enemies and pray for those who persecute you, so that you may be sons of your Father who is in heaven; for he makes his sun rise on the evil and on the good, and sends rain on the just and on the unjust.

14 Sep 2018

STOCK MARKET--HIL LTD UPDATION./READ IT-



HIL has been conferred with Asia's Most Trusted Company of The Year, 2018 in the category of building products manufacturing, by IBC Info Media at a recently conducted ceremony held at Bangkok on August 26, 2018 for the second time. This award has been constituted by International Brand Consulting Corporation, USA.
This selection was based on various factors like overall market share, innovation, workplace culture, leadership, business ethics, governance, corporate social responsibility and reputation and recognizes the success and ingenuity of both HIL and its management. 

HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present.

HIL through its wholly owned subsidiary, HIL International GmbH, Germany has completed the acquisition of Parador Holdings GmbH, Germany after receiving all necessary regulatory approvals including anti-trust approvals from German Federal Republic. 

Post this acquisition HIL will emerge even stronger within its field globally, delivering sustainable value to all its stakeholders.
HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present.


Parador now part of HIL’s expanding global footprint · Formal event at Germany today marks the completion of the transaction o Combined entity attains anti-trust approvals from regulators in Germany and other key jurisdictions · Combined capabilities to strengthen presence in key markets while leveraging leadership to drive forays in newer geographies o Existing capacity at Parador offers room for incremental growth without need for immediate capex National, 27 Aug 2018: HIL (the Company), part of the USD 1.8 billion diversified CK Birla Group, completed the acquisition of Germany based Parador Holdings GmbH today. The closing meeting also kicks off the process of integration of operations with a view to benefit from joint synergies. Parador continues to be the category leader in design and innovation with all products developed internally and produced with “Made in Germany” and “Made in Austria” quality.

HIL’s wholly owned Subsidiary HIL International GMBH, will own 100% equity capital of Parador Holdings GmbH. The transaction was completed with shareholders of Parador Holdings GmbH wherein Dhirup Roy Choudhary represented as Managing Director & CEO, HIL Ltd and Managing Director, HIL International GmbH. The all-cash consideration is being funded by HIL through a combination of Euro debt, INR debt and internal accruals With this the Debt – Equity ratio of HIL on a standalone basis will be at 0.55 and on a consolidated basis will be at 1.0. Consolidated financials of Parador Holdings GmbH and HIL is expected to be published as on March 31, 2019 along with the annual results. The consolidation will take into account the Parador financial for the period from 1st September, 2018 to 31st March, 2019 in the first year in line with IND AS requirements. M

Mr. CK Birla, Chairman of The CK Birla Group, said: “We look forward to a very successful association with Parador to create a stronger combined entity. I compliment both the management teams for their hard work to bring the agreement to fruition seamlessly. As we pursue the identified complementarities between our businesses, HIL will emerge even stronger within its field globally, delivering sustainable value to all its stakeholders.” Mr. Dhirup Roy Choudhary, Managing Director & CEO, HIL said “Our vision of moulding HIL into a global building material solutions specialist is a step closer with the consummation of the Parador acquisition. Besides augmenting our business mix into flooring solutions, we are looking at leveraging the trade relationships and market understanding of Parador to strengthen our business position. Parador brings with itself best-in-class technology, brand equity, market access and robust financials and will complement HILs growth aspiration going forward.” With strong underlying momentum in the core businesses comprising roofing solutions and building solutions Parador only enhances possibilities for sustainable delivery of performance. Growth in the flooring solution product line finds an attractive demand profile outside the home market in jurisdictions of South East Asia, South Africa and India.

About HIL Limited Established in 1946, HIL Limited is a flagship company of the CK Birla Group. Being World’s largest manufacturer and seller of fibre cement roofing, HIL Limited offers comprehensive building solutions. Since last 70 years, the company has achieved market leadership by developing and marketing advanced, high quality, innovative, more sustainable products for the building materials industry. It has recently been awarded Iconic Brands status by Economic Times. HIL has two major brands- Birla Aerocon and Charminar. The company boasts of 20 state-of-the art manufacturing facilities, reiterating its commitment to innovation through a dynamic R&D facility, offering products that are affordable, strong and durable. Having pioneered in green technology keeping in mind the paradigm shift to green building materials almost a decade ago, the company stands out with its signature True Fit technology that has created a benchmark in the piping industry. The company is committed to health and safety practices, which is reflected through its vast range of products that are environmentally viable and conducive. Given its strong emphasis on customer centricity, HIL Limited also ensures a widespread reach through an extensive sales and distribution network spread across the country, with a representation in all the states. Its strengths are truly its employees, loyal dealers and satisfied customers.


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