Shaw Wallace considers three-way split
WISE software for managers
All Clear and ready for the new year

Calcutta, Dec 30: 
Shaw Wallace and Company, the Rs 772-crore liquor giant of M.R. Chabbria, is likely to be split into three companies as part of an effort to sharpen focus. The firms that emerge out of the spinoff will handle beer, liquor and other businesses independently.

The company is also in the process of reducing the number of subsidiaries to achieve a greater degree of operational efficiency and better marketing feedback.

Disclosing this to reporters after the company�s 54th annual general meeting here today, director T. S. Shettigar said a strategy was being drawn up to divest the non-core businesses of the group. The number of subsidiaries will be brought down to 10 in order to make the company leaner and nimbler� qualities which are required for it to emerge as a formidable player on the global scale, Shettigar said.

Chhabria was not present at the AGM, but said in his written speech that the company had already deposited Rs 114 crore in an escrow account to clear creditors� dues.

Shaw Wallace has filed fresh schemes for compromise with the Calcutta high court under section 391 of the Companies Act, 1956, for repayment of inter-corporate deposits and credits on account of bill-discounting.

Although hearing on the schemes is under way, some creditors filed an interim application seeking disbursement of the funds available with the joint special officers appointed by the court to all creditors. �The application being in the interest of the creditors, had been supported by the company,� he said.

Shaw Wallace reported a 90 per cent increase in profit before tax at Rs 26.28 crore in 1999-2000 compared with Rs 13.97 crore in the previous year. The rise was recorded despite a 7 per cent decline in turnover at Rs 772 crore from Rs 829 crore in 1998-99. The drop was blamed on the divestment of consumer products division in January last year.

The board of directors decided not to recommend a dividend for the year, saying the funds available had to be saved to meet the additional requirements for capital expenditure in expansion, modernisation, besides from incremental working capital.

Accounts passed

The resolution pertaining to the adoption of annual accounts for the year ended June 30, 2000 was passed after being put to vote by financial institutions at the AGM. According to a spokesman, 67.65 per cent voted in favour of the motion compared with 32.35 per against it.

Earlier, financial institutions � LIC, UTI and the four subsidiaries of General Insurance Corporation � today demanded a poll on the resolution proposing the adoption of the annual accounts. They did so for the second successive year.

The representatives of financial institutions raised objections over the fact that there was no provisioning made for the fall in the value of quoted and unquoted investments identified by the auditors.

The institutions, which together control 25 per cent of the subscribed equity capital of Shaw Wallace, complained that they had no nominees on the board even though they controlled a major chunk of its capital.


Calcutta, Dec 30: 
The Chicago-based Web-Edge Institute of Software Education (WISE), will soon launch a management software package in the domestic market, targeted at small and medium-scale organisations.

The software package branded WISE IIS, developed by Web-Edge Infosystems, is capable of integrating different departments in an organisation including the distribution network with the facility to monitor the enttre operation from a single point.

Little short of ERP packages, the WISE IIS package has been priced reasonably to enable forward looking small and medium scale companies initiate computerisation of their operations, said Mallika Chanda, a faculty member.

Web-Edge Infosystems, with its Indian headquarters in Calcutta, will also enter into franchise arrangements with educational institutions and qualified entrepreneurs for conducting advanced courses in e-commerce, web designing, multimedia, computer hardware and networking.

WISE has joined hands with the Indo-American Society in a joint venture for opening an Information Technology Education Centre on the latter�s premises. Former Union education minister and president of the society Pratap Chandra formally inaugurated the centre.


New Delhi, Dec 30: 
Clinic All Clear, the anti-dandruff shampoo from Hindustan Lever Ltd, is now set to wash away all your email blues. If you�re wondering about the link between washing away dandruff and email, it�s �Dho Daala!�

Clinic All Clear has tied up with to create a special jump page, which will enable email users of, and to delete their messages. Users who log on to between midnight December 31, 2000 to midnight January 1 2001, will be transported to a page which says 2000 Dho Dala and then wishes them a Happy New Year. Further, a delete pop up window of Clinic All Clear surfaces, while users are waiting for their messages to be deleted.

Clinic is also providing four unique web-based media innovations to internet users in the New Year season.

Some of these innovations bring out Clinic All Clear�s �Dare To Wear Black� theme. The innovations are available on popular websites such as,,,,,,,,,,,, and

�We have collaborated with several popular websites to offer consumers interesting and innovative downloads during the festive season,� says D. Shivakumar, general manager marketing, personal products, Hindustan Lever Ltd.


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