This document provides information about Asahi India Glass Limited, the largest integrated glass company in India. It produces automotive safety glass, float glass, and architectural processed glass. Its major customers include automotive companies like Maruti Suzuki, Mahindra and Mahindra, and Toyota. The company has received several certifications for quality and environmental management. It has experienced growth through share offerings and dividends. However, its high debt-equity ratio of 8.53 compared to the industry ratio of 1.77 made it vulnerable when the rupee depreciated against the dollar during the global financial crisis.

2. INTRODUCTION
 Asashi is largest integrated glass company in india
 Products:
 Automotive saftey glass
 Float Glass
 Architectural Processed Glass.
 Market /Customer
 Maruti Udyog ltd
 TELCO
 Mahindra and Mahindra, DCM Toyota
 General motors and Daewo Motor, Hundai ,Ford and HM

3. Asahi India Glass Limited
 Achievements
 Obtained ECE’s ‘E’ mark Certification
 ISO 9002 Certification from TUV Bayern Sachsen Germany
 QS 9000 Certification from TUV Bayern Sachsen Germany
 ISO 14001 Certification from TUV Bayern Sachsen Germany
for Environment mgmt
 “Best Indian Company in glass and Ceramics Category”
 Corporate Super Brand During 2006-07
 Prestigious Deming application Prize 2007 by Union of
Japanese scientist and Engineers(JUSE)

4. Asahi India Glass Limited
 Shareholding patterns:
 Category % shareholding
1 Promoter's Group
• Labroo Family & Associate 21.87
• Maruti Suzuki Ltd 11.11
• Asahi Glass Co ltd 22.19
2 Non Promoters shareholding
• Institution 8.55
• Non institution 32.26

5. Asahi India Glass Limited
 Announcement:
 1988-90 First Dividend Declared
 1997-98 Issue of Bonus Share Ratio 1:1 with 45% Dividend
 2001-02 Bonus Issue Ratio 1:1 with 55% Dividend
 2002-03 Share Split of 10 face value into 10 equity of 1 face
value to increase liquidity
 2004-05 Bonus share of equit Share In the Ratio 1:1
 2004-05 Paid 250 % Dividend and 100 % Interim Dividend

6. Asahi India Glass Limited
 Solution 1.
 'Financial Structure' The specific mixture of long–
term debt and equity that a company uses
to finance its operations.
 This Company did not maintain ideal Debt Equity
Ratio .
 Company Focused on Leveraged Financing.
 Cost of Debt is (Kd) is Higher than respective
Industry requirement.

7.  The total borrowing of the Company has grown 16.23%
during 2008-09 from Rs.1,39,143 lakhs to Rs.1,61,730
lakhs.However, it must be stated here that of the total
loan figure in 2008-09, Rs. 19,507 lakhs are on account
of foreign exchange fluctuations.
 In other words, this is not an actual increase in cash
borrowings but a ‘book entry’ to account for the
depreciation in the exchange rate of the Indian Rupee
to the Us Dollar.
 Global Financial Crisis is one of major Reason.

8. Asahi India Glass Limited
 Industry Debt equity ratio was 1.77
 AIGL Debt Equity Ratio was 8.53 it means capital
structure of AIGL Includes 85% debt and only 15 % is
Equity portion.
 Deprecation Of Rupees Plays an important for Net
Loss In books of accounts in year 2008-09

9. Asahi India Glass Limited
 Solution 2
 The Company uses foreign currency forward contracts to
hedge its risks associated with foreign currency fluctuations
relating to firm commitments.
 Transactions in foreign currencies are recorded at the
exchange rates prevailing on the date of transactions.
 Foreign Currency Monetary Item Translation Difference
Account' in the financial statements and amortised over the
balance period of such long term asset/liability

10. Asahi India Glass Limited
 Transactions outstanding at the year end are
translated at exchange rates prevailing at the year end
and the profit/loss so determined is recognised in the
Profit and Loss Account except for long term foreign
currency monetary items in respect of which the
Company has exercised the option.
 Exchange rate 48.92 rs / Dollar
 Real cost of foreign currency loan 49.50 million

11. Thank you