>BEGER PAINTS INDIA LIMITED (FIRST CALL)

SYNOPSIS
■ Berger Paints was incorporated in 1923; is the third largest paint manufacturer and second largest manufacturer in decorative paints. It has distribution network of 75
stock points and 12,000 paint retailers.

■ The company’s manufacturing facilities is located in West Bengal, Uttar Pradesh, Pondicherry, Goa, and Jammu and Kashmir.

■ The Company has technical license agreement with DuPont Performance in the area of automotive coating, Nippon paints for new generation automotive coating, Orica Australia Pty for protective coating and TIGERWERK Lacku.Farbenfabrik GmbH, Australia for specialised powder coating.

■ The Company has acquired 100% stake of Motor and Industrial paints business of ICI India. The company has joint ventured with Nippon Bee Chemical for manufacturing of coatings for plastic substrates used in automobiles and mobile phones.

■ Net Sales and PAT of the company are expected to grow at a CAGR of 14% and 25% over 2009 to 2012E respectively.

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