Castrol is a brand of industrial and automotive lubricants that is applied to a large range of oils, greasesand similar products for

most lubrication applications. The Castrol brand is part of the BP's Group of Companies, but has retained its separate identity.

History In 1910, Castrol India started importing certain automotive lubricants from C C Wakefield & Company made an entry in the Indian market. In 1979, CIL was incorporated under the name of Indrol Lubricants and Specialities Pvt Ltd.[5] In was listed on BSE in 1982 and CIL was converted into a public limited company. CIL had formed a subsidiary Company in the year 1987 under the name of Indtech Speciality Chemicals, Ltd. On 1 November 1990, The name of the company was changed from Indrol Lubricants & Specialities Ltd. to Castrol India Ltd. It helped to manufacture of Telephone cable jellies, pharmaceuticals jellies and industrial waxes in technical collaboration with Dussek Campbell, U.K. Castrol India Limited is a Public Limited Company with 70.92% of the equity held by Castrol Limited UK (part of BP Group). In 2003 the company's turnover was Rs.1360.51 crores and Profit After Tax was Rs. 137.38 crores.From a minor oil company, with a share of about 6% in 1991, Castrol India has grown to become the second largest lubricant company in India with a market share of around 22%. Castrol India manufactures and markets a range of automotive and industrial lubricants. It markets its automotive lubricants under two brands - Castrol and BP. The company has leadership positions in most of the segments in which it operates including passenger car engine oils, premium 2-stroke and 4-stroke oils and multigrade diesel engine oils. Castrol India has the largest manufacturing and marketing network amongst the lubricant companies in India. The company has 5 manufacturing Plants across the country, including a state-of-the-art plant in Silvassa. The company reaches its consumers through a distribution network of 270 distributors, servicing over 70,000.retail outlets. Castrol India has clearly demonstrated its commitment to Indian consumers for over 80 years, by offering its international range of high performance products backed by the highest level of customer service. The company has managed to gain sustainable competitive advantage through:

Distinctiveness driven by continuous innovation in all areas of business Winning culture and a desire to excel Strong meaningful relationships with all stakeholders

Castrol India

Type Traded as

Public BSE: 500870 NSE: CASTROL Oil and Gas 1910

Industry Founded

Headquarters Mumbai, Maharashtra, India Key people Mr. Naveen Kshatriya (Chairman & MD) [1] Oil Petroleum Petrochemical Lubricant 2,354.30 crore (US$426.13 million)[2] www.castrol.com

Products

Revenue

Website

Products

Castrol Quick Lube shop, Dearborn, Michigan, an independently-owned oil change chain Castrol offers lubricants for virtually all domestic, commercial and industrial applications. For automotive lubrication (including motorcycles 2-stroke and 4-stroke engines, car petrol anddiesel engines), their products include an extensive range of manual and automatic transmission fluids, chain lubricants and waxes, coolants, suspension fluids, brake fluids,greases, cleaners and maintenance products. Castrol also produces products for agricultural machinery, plant, general industry and marine engineering uses. Castrol products include:

For passenger cars: Edge, Magnatec, Syntec and GTX; less commonly, XL, GTD, Formula RS, Synt and SLX For motorcycles: Power1, PowerRS and Act>evo; less commonly, TT, TTS, GP, GPS and Go! For heavy duty vehicles: Elixion, Enduron, Hypuron, Tection, CRB and Agri For ships: Cyltech and TLX Plus For industrial applications: Hyspin (hydraulic), Aircol (compressors) and Alpha (industrial gears)

Sponsorship Motorsport

A Castrol sponsored NASCAR Dodge Charger The brand has been involved in Formula One for many years, supplying to a number of teams, including Jaguar, McLaren, team Lotus , Brabham and Walter Wolf Racing.[1] Castrol is used in the Australian Touring Car/V8 Supercar series. For many years, Castrol was the title sponsor of the Perkins Engineering Holden team, the relationship ending in 2006. Latterly, Castrol has been one of Ford Performance Racing's title sponsors, backing the Falcon of Steven Richards. Castrol's 2010 program will see Paul Morris Motorsport run a Castrol Racing Commodore for Greg Murphy, alongside its existing FPR Ford entry.[2]Castrol is the title sponsor with Team Bray, owned by Australian drag car legend, Victor Bray for 17 years. In North America, Castrol has been an active sponsor of NHRA drag racing. Castrol has sponsored John Force Racing under the GTX brand since 1987. Currently, Castrol is a sponsor of both John Force and Ashley Force Hood. Castrol is the name sponsor of Edmonton, Alberta's Castrol Raceway, a multi-track oval, drag, and motocross racing facility.[3] Castrol is the sponsor of D.J. Kennington in the NASCAR Canadian Tire Series. In 2011 Castrol Edge became the official motor oil of NFL. Cricket

The Castrol Cricket Index for a team is a dynamic indicator of the overall performance of the cricket team. It is calculated by taking into consideration the batting momentum, the bowling efficiency, the performance of the teams in the quick start overs and the extreme performance overs and many other factors. Castrol Cricket also ranks cricketers based on their overall performance.[4] India centric initiatives being undertaken like Castrol World Cup ka Hero was created during the 2011 Cricket World Cup.

Advertising
For many years the opening notes of the first Nachtmusik movement of Mahler's Seventh Symphony were used as the signature theme of Castrol TV commercials.

annualeport 2008 PERFORMANCE Sales increased by 14% over the previous year to Rs. 2532 Crores mainly due to increase in unit sales realizations and better sales mix. Costs of Materials increased by 20% over the previous year to Rs. 1313

Crores due to increase in Base Oil prices & adverse forex . Pro-active Margin Management strategy has helped grow our gross profits by 13%. Operating & other expenses increased by 7%, due to employee related costs, freight, advertisement & sales promotion expenses. Profit before tax has increased by 21% over previous year to Rs. 412 Crores. Tax rate for the current year has remained at nearly the same level as that of the previous year. Tax expense for the year was marginally higher as the company had provided 1.68 Crores for the past years tax liability. As a result Profit after Tax increased by 20% over the previous year to Rs. 262 Crores

DIRECTORS RESPONSIBILITY STATEMENT As required under Section 217(2AA) of the Companies Act, 1956 your Directors confirm that: (i) In the preparation of the annual accounts, the applicable accounting standards have been followed and no material departures have been made from the same. (ii) T he Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31st December, 2008 and of the profits of the Company for the year ended 31st December, 2008. (iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. (iv) The Directors have prepared the annual accounts

DIVIDEND the Interim Dividend in respect of the year ended 31st December, 2008 of rs. 6.00 per share on 12,36,40,298 equity Shares was paid to the Shareholders of the Company whose names appeared on the register of Members on 11th august, 2008. the Directors recommend a payment of final dividend of rs. 9/- per share on 12,36,40,298 equity Shares.

FIXED DEPOSITS

there were no fixed deposits outstanding and unclaimed as on 31st December, 2008. FOREIGN EXCHANGE EARNINGS AND OUTGO 1. Activities relating to Export there were no significant exports by the Company during the year. 2. Earnings and Outgo Members are requested to refer to note nos. 18 & 19 of Schedule M forming part of the Balance Sheet and profit and loss account for the year ended 31st December, 2008. AUDITORS the Shareholders of the Company are requested to appoint auditors and to fix their remuneration. M/s. S. r. Batliboi & Co., Chartered accountants, the retiring auditors have furnished to the Company the required certificate under Section 224(1B) of the Companies act, 1956 and are therefore eligible for re-appointment as auditors of the Company. PERSONNEL the Board wishes to place on record its sincere appreciation of the efforts put in by the Companys workers, staff and executives for achieving excellent results under difficult conditions. STAKEHOLDERS the Board also wishes to thank its Shareholders, Distributors, Bankers and other business associates for their support during the year. on behalf of the Board of Directors n. K. Kshatriya a. S. Ramchander Managing Director Director Automotive a. p. Mehta S. Malekar Finance Director Director Supply Chain

PARTICULARS OF EMPLOYEES
the information required to be published under the provisions of Section 217(2a) of the Companies act, 1956 (the act) read with Companies (particulars of employees) rules, 1975 as amended, forms part of this report.

It is a cash budget of Castrol oil limited.for 3 month commencing from april with help of following information. 1.cash sales are 25% of total sales 2. 60% of credit sales are collected in the same month and balance 40% in the following month. month sale purchases wages March 1600000 500000 April 600000 640000 160000 May 800000 640000 160000 June 800000 960000 200000 July 1200000 800000 200000 3. Payment for purchases is made 40% in the same month and 60% in the following month 4. Interest @6% on debentures of rs 200000 is paid in the month of june. 5. Rent of rs 8000 paid per month 6. Dividend received in may rs 22000 7.cash balance as on 31st march is rs 200000

Solution
Particulars Opening balance receipts 1. Cash collection25% 2. Collection from debtors a)same month45% b)after 1 month30% 3.dividend Total receipts including opening balance (A) Payments 1.creditors for purchases a)same month 40% b)after 1 month 60% 2. interest on debentures 3.rent 4.wages Total payment Closing balance (B) (a-b) April. rs 200000 150000 270000 480000 May rs 376000 200000 360000 180000 22000 1138000 June rs 330000 200000 360000 240000

1100000

1130000

256000 300000 8000 160000 724000 376000

256000 384000 8000 160000 808000 330000

384000 384000 12000 8000 200000 988000 142000

It is a cash budget of Castrol oil limited.for 3 month commencing from april with help of following information. month January february March April May June You are informed that 1.50% of the purchases and sales are on cash 2.the average collection period of the company is1/2 month credit purchases are paid off regularly after 1 month 3.time lag in payment of wages is 1 month 4.rent of rs 1000 is payable every month 5.cash and bank balance as on 31st march 2002 was rs 300000 6.dividend received in may rs 36000 7.professional fees to be paid in june rs 1500 8.expenses are paid in the same month sale 160000 160000 150000 180000 170000 160000 purchases 90000 80000 84000 100000 90000 70000 wages 40000 36000 44000 48000 40000 36000 expenses 10000 12000 12000 14000 12000 10000

Solution
Particulars receipts 1. Cash sales 50% 2. Collection from debtors a)same month25% b)after 1 month25% 3.dividend recevied Total receipts including opening balance (A) Payments Cash purchases 50% 1.creditors for purchases 50% after 1 month 3. wages after 1 month 4. rent 5.professional fees 6.expenses(same month) Total payment (B) April. rs 90000 45000 37500 May rs 85000 42500 45000 June rs 80000 40000 42500

172500

36000 208500

162500

50000 42000 44000 1000 14000 151000

45000 50000 48000 1000 12000 156000

35000 45000 40000 1000 1500 10000 132500

Net receipts Add. Opening balance Closing balance

(a-b)

21500 300000 321500

52500 321500 374000

30000 374000 404000