ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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GOODLASS NEROLAC-Enlarged Capacity

Bangalore and Kymore are recognised by the Department of Science and Technology.
GOODLASS NEROLAC Enlarged Capacity Goodlass Nerolac Paints is a 72-year old Bombay-based company engaged in the manufacture of paints, enamels, varnishes, oils, pigments, colours, alkyds and resins. Net sales increased by 18 per cent (Rs 32.62 crore)in 1993-94, operating profit by 14 per cent (Rs 2.97 crore) and net profit by l0per cent (Rs 75 lakh). Taxation fell by 9 per cent (Rs 70 lakh) but depreciation and interest charges were up by 250 per cent (Rs 1.58 crore) and 9 per cent (Rs 55 lakh), respectively. Other income was up by 51 per cent for the year. But for the rise in depreciation and interest charges the margins would have been higher. A dividend of 35 per cent was declared for the year as against 30 per cent in the previous year. Exports and imports were up by 70 per cent (Rs 3.41 crore) and 40 per cent (Rs 5.57 crore), respectively.

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