lava international Limited

About Lava International Limited Pre-IPO/Unlisted shares

Lava International Limited was founded on 27 march, 2009 and registered at registrar of companies at Delhi. The company is engaged in trading and manufacturing of mobile phones, storage devices and other wireless telecommunication devices. The Company is a public limited company domiciled in India and is incorporated under the provisions of Companies Act applicable in India. The company is a leading Mobile Handset Company in India and has expanded its operations to multiple countries across the world. Lava products are available through a nationwide retail network of 1.65 Lakh retailers who in turn are directly served by over 1000 distributors. Lava’s after sales service network is one of the largest in the country with close to 800+ professionally managed service centers focused on speed and quality of service.

INCORPORATION DETAILS

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

BOARD OF DIRECTORS

Mr. Hari Om Rai, Chairman and Managing Director

Mr. Shailendra Nath Rai, Whole Time Director

Mr. Sunil Bhalla, Director

Mr. Vishal Sehgal, Director

Mr. Vinod Rai, Independent Director

Mr. Rahul Kansal, Independent Director

Ms. Chitra Gouri Lal, Independent Director

Mr. Vinod Shrama, Independent Director

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

XOLO – Subsidiary

China Bird Centro America S.A - Subsidiary

SHAREHOLDING PATTERN (As of 31-03-2021)

INDUSTRY OUTLOOK

It is a market leader in several countries being 4th largest in India, 2nd largest in Thailand, 3rd largest in Sri Lanka and 5th largest in Bangladesh. It is currently in the works to expand its presence in the continent of Africa. The company has been building mobile handset design capability including industrial design, mechanical design, hardware design & software design. It has demonstrated quick and robust expansion since inception, showing profitability and growing sales since the first year of operations. Lava and Xolo are two brands that operate under the parent company. With ‘Create Possibilities’ as its guiding principle, Lava has embarked on an ambitious journey of becoming the 1st global consumer brand from India by empowering every human with quality innovative products.

LAVA has a wide product portfolio that encompasses tablets, feature phones, and smartphones having various models in bar and touch form factors at multiple price points to suit all categories of consumers. The handset-maker a couple of years ago had 50 products (about 20 smartphones and some 35 feature phones) in its portfolio which has now brought down to less than 15 phones (five smartphones and nine feature phones).

Lava has two manufacturing plants in India and the company claims to be the only Indian brand to design devices in India and do PCB SMT in its own factory. The Company has an in-house research and development centre and manufacturing facilities in Noida.

PROFIT & LOSS STATEMENT OF LAVA INTERNATIONAL LIMITED (In Rs. Millions)

BALANCE SHEET OF LAVA INTERNATIONAL LIMITED (In Rs. Millions)

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company decreased by 16.13% from Rs.19277.1 millions in FY 2020 to Rs. 16166.82 millions in FY 2021.

EBITDA of the company increased by 2.91% from Rs. 1001.20 millions in FY 2020 to Rs. 1030.42 millions in FY 2021.

Total borrowings of the company decreased from Rs.1648 million as of 31st March 2020 to Rs.965.32 million as of 31st March 2021. Due to this, Finance cost of the company decreased by 7.70% from Rs.308.88 millions to Rs.285.09 millions.

Profit after Tax of the company increased by 67.06% from Rs. 248.05 millions in FY 2020 to Rs. 414.40 millions in FY 2021.

The Current Ratio of the company as of 31st March 2021 was 2.38.

The Debt to Equity Ratio of the company as of 31st March 2021 was 2.02.

The book value of the company as of 31st March 2021 was Rs. 84.70.