During FY20 the Company utilised 11.43 million units of electricity from solarenergy at eleven breweries and an additional 14.30 million units of electricity from windenergy at our five breweries in Karnataka and Tamil Nadu. Internal Control evaluates adequacy of segregation of duties transparency inauthorization of transactions adequacy of records and documents accountability &safeguarding of assets and reliability of the management information system. The Auditors have confirmed that theycontinue to fulfil the criteria for appointment as Auditor's of the Company as prescribedunder the Act and the Rules framed thereunder. Compared to the global average per capita consumption of about 30 litres the percapita consumption in India still hovers around 2 litres1. Carlton & United Breweries is an Australian brewing company based in Melbourne.In 1983 it became a wholly owned subsidiary of Elders IXL and CUB was delisted. Through these actions your Directors are confident that your Company would sustain itsleadership position grow ahead of the market and realize improved profitability in theyears to come. Our brands are sold in 60+ countries We create employment for over 7000 people. In order to cater to new consumers capture market opportunities compete with newlaunches by competitors and in continuous endeavour to offer new product ranges UBL hasadded to its portfolio via "Kingfisher Ultra Witbier" in the premium segment. Significant changes in Key Financial Ratios. We arecommitted to provide our employees all over the country with a safe and healthy workenvironment and extend our support to ensure a balance of personal and professional life.The organisation fosters an open and transparent culture which drives innovation andnurtures entrepreneurial spirit amongst the employees. A statement containing the salient features of the financial statement of thesubsidiary and associate is attached as Annexure-C to this Report. UBL deploys the4R strategy of Reuse Reduce Recycle and Recharge for efficient use of water. This shift from conventional torenewable sources of energy has helped us reduce our carbon footprint substantially to thetune of 27907 MT of equivalent CO2 which is equivalent to 1.3 million trees. Kingfisher Storm has highly differentiated and disruptive packagingalong with a smooth and refreshing taste profile. Despite its noteworthy liabilities, United Breweries boasts net cash, so it's fair to say it does not have a heavy debt load! While thealcohol beverages industry in India has been dominated by spirits beer remains thepreferred alcoholic beverage for young Indians. Though already established efficiency programmes apply to all aspects of our businessthere is a constant drive to identify new ways to improving marketing capabilities withspeed whilst reducing cost. 21 Richest Indians by Net Worth [List] Most Loved Newest Author Rank. Your Company has adopted a comprehensive 'Code of Conduct to Regulate Monitor andReport of Trading by Insiders' and also a 'Code of Practices and Procedures for FairDisclosure of Unpublished Price Sensitive Information' relating to the Company under theprovisions of the Securities Exchange Board of India (Prohibition of Insider Trading)Regulations 2015. UBL continues toinvest in both capacities and brands year on year. Your Company intends to be a Water Neutral Organization by 2025 and the efforts havebeen focused in this direction. Subsequently effectiveApril 01 2017 total prohibition (including export out of state) has been imposed inBihar State and production of beer at the Company's brewery at Kopakalan Naubatpur Patnawas discontinued. In February 2009, Foster's announced the decision to separate the Australian Wine division from the Australian Beer, Cider & … UBL in 2019 entered the craft and variety segment with Kingfisher Ultra Witbier.Currently available in Karnataka and Goa the early acceptance of the brand by theconsumers has shown promise. In the alcohol space beer is the most popular drink in India after spirits. Under the Safe Drinking Water Programme initiated in 2015 another 20 villages in thestate of Rajasthan will have access to clean drinking water. Capacity expansion has been done in our breweries in Telangana Karnataka &Rajasthan. We take pleasure in proposing a dividend of Rs. The orders/proceedings mentioned above do not have any impact on going concern statusof the Company. On-trade sale was progressively closed in weeks leading up to March 232020. Heineken has established itself as one of India's most premium brands. Our breweries in Tamilnadu received awards from Tiruvallur District Collectorunder "CSR MUMMARI SCHEME (Water Rejuvenation Project)" for its CSR activity. 2467 million) and foreign exchange outgo stood at Rs.3754 million(Previous Year: Rs. Our first offering in speciality beer segment widens our footprint and provides anotherbeverage option in the beer category. This also include introduction of variety of craft and premium beers.Competition in the country's beer segment is witnessed amongst 3 major players. It remains highly regulated with high taxationrestrictions on cross border movements constraints on production retailing and otherbarriers. 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