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Pidilite Industries Limited Investment Ka Majboot Jod Viewpoint
Pidilite Industries Limited Investment ka majboot jod Viewpoint Pidilite Industries Limited (Pidilite) is India’s market leader in adhesives and Sector: Consumer Goods sealants, construction chemicals, hobby colours and polymer emulsions New Idea in India. Its flagship brands - Fevicol and M-Seal have a market share of ~70% each in the domestic market. With a slew of new launches under Change existing brands and entry into consumer-based categories well supported by adequate media activities, Pidilite has transitioned its target markets View: Positive from industrial users to consumers through effective communication, which has helped the company to register itself in the minds of all its customers. CMP: Rs. 1,476 Revenues grew at a CAGR of 10% over FY2015-19. Though FY2021 is Upside potential: 18-20% expected to be lull affected by Covid-19 pandemic, the growth is expected to come back on track in FY2022 driven by recovery in refurbishment of house/ á Upgrade No change â Downgrade construction activities. Further, expected increase in demand for adhesive products in global markets such as South East Asia, Europe, North America and Latin America post the normalisation of business environment would Company details add to overall revenues in FY2022 and FY2023. A fall in prices of key inputs such as Vinyl Acetate Monomer (VAM) by ~30% in last three quarters will Market cap: Rs. 74,982 cr be a blessing in disguise amid the pandemic. Gross margins have improved by 377 bps in 9MFY2020 to 52.8% and if VAM prices continue to correct in 52-week high/low: Rs. -
The Annual Report on the Most Valuable Indian Brands May 2017
India 100 2017 The annual report on the most valuable Indian brands May 2017 Foreword. Contents steady downward spiral of poor communication, Foreword 2 wasted resources and a negative impact on the bottom line. Definitions 4 Methodology 6 Brand Finance bridges the gap between the marketing and financial worlds. Our teams have Excecutive Summary 8 experience across a wide range of disciplines from market research and visual identity to tax and Full Table (USDm) 12 accounting. We understand the importance of design, advertising and marketing, but we also Full Table (INRm) 14 believe that the ultimate and overriding purpose of Understand Your Brand’s Value 16 brands is to make money. That is why we connect brands to the bottom line. How We Can Help 18 By valuing brands, we provide a mutually intelligible Contact Details 19 language for marketers and finance teams. David Haigh, CEO, Brand Finance Marketers then have the ability to communicate the significance of what they do and boards can use What is the purpose of a strong brand; to attract the information to chart a course that maximises customers, to build loyalty, to motivate staff? All profits. true, but for a commercial brand at least, the first Without knowing the precise, financial value of an answer must always be ‘to make money’. asset, how can you know if you are maximising your returns? If you are intending to license a brand, how Huge investments are made in the design, launch can you know you are getting a fair price? If you are and ongoing promotion of brands. -
The Free Magazine for the University of Manchester 3 October 2011
The free magazine for The University of Manchester 3 October 2011 UniLifeIssue 1 Volume 9 2 Message from the President Assessment and evaluation are key to what we do, but are not without complications and controversy. Behind the scenes at graduation At the Whitworth Art Gallery Meeting schoolchildren inspired by science At the Graduate Recruitment Fair The Ahmed Iqbal Ullah Race Relations Resource Centre At Manchester Museum Albert Einstein reportedly had a sign on his wall In research, the University is judged by research An excellent example is the National Student Survey which said: “Not everything that counts can be grant income, citations of our publications and Survey (NSS) which represents the opinion of many counted, and not everything that can be counted for some league tables, by factors such as how thousands of students across 300 higher education counts’. Few of us would dispute this, but count many of our staff appear on US ‘highly cited’ lists, institutions. Whatever the limitations of this survey we must. have published in the very top science journals or or our personal reservations about the have won Nobel Prizes. On the latter we do have methodology, the fact is that we, as a University, Evaluation and assessment are at the core of what an advantage! score very badly in the NSS. We do well in some we do as a university, but this is often complicated areas, so this cannot be a generic ‘University’ and almost always attracts controversy and But the problem recognised by Einstein is that for problem, but one we must tackle in the specific argument. -
PIDILITE INDUSTRIES Adhesive Growth: Ties That Bind
INITIATING COVERAGE PIDILITE INDUSTRIES Adhesive growth: Ties that bind India Equity Research| Consumer Goods Pidilite (PIDI ) is a high quality niche consumption play imbued with strong EDELWEISS 4D RATINGS brand equity in under penetrated and high growth categories. The Absolute Rating BUY company has sustained its dominant position (Fevicol, M-seal have ~70% Rating Relative to Sector Performer market share) by virtue of direct reach to influencers/end users, Risk Rating Relative to Sector Medium successful brand extensions, innovation spurred by robust R&D, out-of- Sector Relative to Market Overweight the-box and catchy ads, acquisitions (ROFF, Mseal, Sargent Art, Hobby Ideas), limited competition and widespread distribution. Key risk/concerns are performance of its international portfolio (especially MARKET DATA (R: PIDI.BO, B: PIDI IN) Brazil) and the Elastomer project. We expect 17% revenue CAGR with CMP : INR 294 Target Price : INR 357 robust 20% PAT CAGR over FY14-16E. We initiate coverage with ‘BUY’. 52-week range (INR) : 304 / 206 Share in issue (mn) : 509.8 Consumer business will continue to sizzle M cap (INR bn/USD mn) : 151 / 2,425 Robust growth across segments spurred PIDI’s consumer & bazaar products (CBP) and Avg. Daily Vol.BSE/NSE(‘000) : 280.0 industrial chemicals segments to post 19% and 14% CAGR, respectively, over FY08-13. Though we expect the CBP business to maintain growth momentum, the industrial SHARE HOLDING PATTER N (%) chemicals business may grow at a slower pace (11.5% CAGR) over FY14-16E due to the Current Q1FY14 Q4FY13 economic slowdown. Overseas business (has been a drag) margins are likely to improve Promoters * 70.1 70.1 70.1 riding sales pick up (Bangladesh, Thailand fastest growth engines), effective MF's, FI's & BK’s 5.3 5.4 5.6 management changes, price hikes and mix improvement. -
Important Notice
Fraser and Neave, Limited F&N 2011 Corporate Day 26 August 2011 Important notice Certain statements in this Presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of F&NL, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements and financial information. Such forward-looking statements and financial information are based on numerous assumptions regarding F&NL’s present and future business strategies and the environment in which F&NL will operate in the future. Because these statements and financial information reflect F&NL’s current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information. F&NL expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this Presentation to reflect any change in F&NL’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the SGX-ST and/or any other regulatory or supervisory body or agency. This Presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. -
From Colonial Segregation to Postcolonial ‘Integration’ – Constructing Ethnic Difference Through Singapore’S Little India and the Singapore ‘Indian’
FROM COLONIAL SEGREGATION TO POSTCOLONIAL ‘INTEGRATION’ – CONSTRUCTING ETHNIC DIFFERENCE THROUGH SINGAPORE’S LITTLE INDIA AND THE SINGAPORE ‘INDIAN’ ------------------------------------------------------------------------------------------- A thesis submitted in partial fulfilment of the requirements for the Degree of Doctor of Philosophy IN THE UNIVERSITY OF CANTERBURY BY SUBRAMANIAM AIYER UNIVERSITY OF CANTERBURY 2006 ---------- Contents ACKNOWLEDGEMENTS ABSTRACT 1 INTRODUCTION 3 Thesis Argument 3 Research Methodology and Fieldwork Experiences 6 Theoretical Perspectives 16 Social Production of Space and Social Construction of Space 16 Hegemony 18 Thesis Structure 30 PART I - SEGREGATION, ‘RACE’ AND THE COLONIAL CITY Chapter 1 COLONIAL ORIGINS TO NATION STATE – A PREVIEW 34 1.1 Singapore – The Colonial City 34 1.1.1 History and Politics 34 1.1.2 Society 38 1.1.3 Urban Political Economy 39 1.2 Singapore – The Nation State 44 1.3 Conclusion 47 2 INDIAN MIGRATION 49 2.1 Indian migration to the British colonies, including Southeast Asia 49 2.2 Indian Migration to Singapore 51 2.3 Gathering Grounds of Early Indian Migrants in Singapore 59 2.4 The Ethnic Signification of Little India 63 2.5 Conclusion 65 3 THE CONSTRUCTION OF THE COLONIAL NARRATIVE IN SINGAPORE – AN IDEOLOGY OF RACIAL ZONING AND SEGREGATION 67 3.1 The Construction of the Colonial Narrative in Singapore 67 3.2 Racial Zoning and Segregation 71 3.3 Street Naming 79 3.4 Urban built forms 84 3.5 Conclusion 85 PART II - ‘INTEGRATION’, ‘RACE’ AND ETHNICITY IN THE NATION STATE Chapter -
1) Executive Summary 2) Profiles 3) Legacy
1) EXECUTIVE SUMMARY These are the lesser known facts about Tata I came to know very recently . I wrote this note as I was pained to see some people linking all wealthy people with corruption. While facts about other great people are widely available on web, facts about Tata aren't known much. Some information is present on books. Maybe Tatas deliberately haven't focussed much on marketing their own goodness. Of late, there are ads like 'Values stronger than steel' from Tata. Compared to the magnum opus of their work, their publicity pales in comparison. Even as a young kid, I have heard Tata's name. "Tata Birla" is a term synonymous with rich. I knew about Tata as another business man who sought to become rich and succeeded. But there is much more.... 2) PROFILES (Jamshetji) J.N.Tata ( 1839 - 1904 ) Dorab Tata / Ratan Tata ( early 1900s ) JRD Tata ( 1930s till 1990s) Ratan Tata ( 1990s - present ) 3) LEGACY - SYNOPSIS “Tatas represent the spirit of adventure,” - Mahatma Gandhi J.N.Tata is the founder of the Tata empire . In the book '100 Great Modern Lives' by John Canning only two Indians feature – Mohandas Karamchand Gandhi and Jamsetji Tata. The chapter on Jamsetji Tata concludes with the paragraph: ‘Probably no other family have ever contributed as much in the way of wise guidance, industrial development and advancing philanthropy to any country as the Tatas have to India, both before and since independence (1947).’ J.N.Tata's sons Dorab and Ratan Tata would carry the legacy of J.N.Tata. -
North Campus Strategic Regeneration Framework May 2017
Corridor Manchester: North Campus Strategic Regeneration Framework May 2017 Introduction This Strategic Regeneration Framework (SRF) has been prepared for Manchester City Council, with the intention that it can be used as a guide for the future redevelopment of Manchester’s North Campus – a site that is located south-west of Piccadilly Station; to the west of the Mayfield site and to the east of Oxford Road. The North Campus is one of the few large, centrally located sites in Manchester city centre yet to undergo major regeneration. There are vast opportunities that have been identified in the area that will allow this part of Manchester to reconnect with the city and with other redevelopments in its vicinity. It is anticipated that the North Campus will be able to provide and deliver numerous social, economic and environmental benefits to Manchester and to the wider North West region. This SRF analyses the existing location and identifies key characteristics which make North Campus a unique area of the city. An indicative masterplan has been proposed which brings together the key objectives and principles described in this framework, and sets out a framework that will help to ensure the success of the North Campus development. Key Contributors The North Campus SRF has been supported by a high calibre professional team with recognised urban design credentials and leading specialisms in the field of progressive, sustainable working environments for public and private sector clients. The team comprises the following: Bennetts Associates -
Globalization Versus Localization in the Singaporean Translation Market James St
Document generated on 09/28/2021 10:25 p.m. Meta Journal des traducteurs Translators' Journal “He ‘catch no ball’ leh!” Globalization versus localization in the Singaporean Translation Market James St. André La traduction des noms propres (1) et Langue, traduction et Article abstract mondialisation : interactions d’hier, interactions d’aujourd’hui Despite the existence of local versions of English and Mandarin Chinese in Language, Translation and Globalization: Interactions from Singapore, these non-standard languages are not widely used by translators Yesterday, Interactions from Today (2) and interpreters. Simultaneous court interpretation and (some) drama prove Volume 51, Number 4, décembre 2006 by their exception to this rule that Singapore’s translation market is driven mainly by foreign, not local demand. Further, local demand by the government URI: https://id.erudit.org/iderudit/014341ar and the media points to the continued prestige of “standard” English and Mandarin, where those standards are London and Beijing, respectively. DOI: https://doi.org/10.7202/014341ar Training for local translators and interpreters, then, must continue to provide students with “standard” models of these languages if they are to compete See table of contents successfully for jobs in the marketplace. Publisher(s) Les Presses de l'Université de Montréal ISSN 0026-0452 (print) 1492-1421 (digital) Explore this journal Cite this article St. André, J. (2006). “He ‘catch no ball’ leh!” Globalization versus localization in the Singaporean Translation Market. Meta, 51(4), 771–786. https://doi.org/10.7202/014341ar Tous droits réservés © Les Presses de l'Université de Montréal, 2006 This document is protected by copyright law. -
India Construction Materials Database of Embodied Energy and Global
DRAFTIndia Construction Materials Database of Embodied Energy and Global Environmental Indicators for Materials Warming Potential Methodology & Results VersionMETHODOLOGY 1.0 REPORT NOVEMBER 30, 2017 Strictly Not for Public Distribution In partnership with European Union European Union Page intentionally left blank Co-Funded by the European Union 2 ABOUT IFC IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org DISCLAIMER The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly, and when the reproduction is for educational and non-commercial purposes, without a fee, subject to such attributions and notices as we may reasonably require. This database was developed by thinkstep on behalf of IFC for the Eco-cities in India program. This multi-year climate-change focused program is supported by the European Union. IFC does not guarantee the accuracy, reliability, or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. -
Nqmobile Response Presentation IR V Dist
Oct 26, 2013 This report and all of the information contained herein specifically address the allegations from the Muddy Water’s report as released on Oct 24, 2013 and is being provided as an addendum to an investor call held on Oct 25 th , 2013. © 2013 NQ Mobile Inc. Proprietary and Confidential 2 Allegation: NQ China Revenue is Fraudulent Claim: NQ CASH holdings are fabricated and falsified. • NQ CASH HOLDINGS ARE REAL. CASH is the ultimate determinate of the health of a business and is the yardstick by which any business can be measured. • NQ has made public all of its bank account holdings, bank names, account numbers, and balances. • NQ will immediately take steps to obtain an independent validation of NQ CASH holdings. • NQ has a very strong balance sheet and will show details of its cash position to anyone wishing to do additional diligence. © 2013 NQ Mobile Inc. Proprietary and Confidential 3 Allegation: NQ China Revenue is Fraudulent • NQ holds approximately US$280M in term deposits including ~US166M from the recent CB offering proceeds. Other cash accounts exist at various operating entities. © 2013 NQ Mobile Inc. Proprietary and Confidential 4 Allegation: NQ China Revenue is Fraudulent • The following are actual scanned copies of NQ’s actual bank deposit receipts and bank statement from the recent convertible bond offering proceeds. © 2013 NQ Mobile Inc. Proprietary and Confidential 5 Allegation: NQ China Revenue is Fraudulent Claim: Level 2 classification of NQ cash holdings is suspicious. • Classification of cash and term deposits as Level 2 assets is consistent with US GAAP guidance of fair value measurement. -
Sundaram-Clayton Limited Yton Limited
Sundaram-Clayton Limited Board of Directors Auditors Factory SUNDARAM & SRINIVASAN Chennai VENU SRINIVASAN Chartered Accountants Padi, Chennai - 600 050 Managing Director New No.4 (Old No.23), Tel. : 044 - 2625 8212 SURESH KRISHNA Sir C P Ramaswamy Road Fax : 044 - 2625 7177 Alwarpet, Chennai - 600 018. K. MAHESH Mahindra World City Listing of shares with Plot No. AA8, Central Avenue, GOPAL SRINIVASAN Madras Stock Exchange Limited Auto Ancilliary SEZ, T.K. BALAJI National Stock Exchange of India Limited Kancheepuram - 603 002 Tel : 044 - 4749 0049 VICE ADMIRAL P.J. JACOB (Retd.) Bombay Stock Exchange Limited Registered Office Hosur SURESH KUMAR SHARMA Hosur - Thally Road “Jayalakshmi Estates” S. SANTHANAKRISHNAN Belagondapalli 29 (Old No.8) Haddows Road Hosur - 635 114 V. SUBRAMANIAN Chennai - 600 006 Tel. : 04347 - 233 445 Tel. : 044 - 2827 2233 Fax : 04347 - 233 014 Fax : 044 - 2825 7121 Executive Director H. LAKSHMANAN Share Transfer Department Website : www.sundaramclayton.com New No. 22 (Old No. 31), President & Chief Executive Officer Railway Colony 3rd Street, - Automotive Products Division Mehta Nagar, Chennai - 600 029 Tel. : 044 - 2374 1889 C.N. PRASAD 044 - 2374 2939 Fax : 044 - 2374 1889 President - Die-casting division E-mail : [email protected] P.H. NARAYANAN [email protected] [email protected] Executive Vice President - [email protected] Finance & Secretary V.N. VENKATANATHAN CONTENTS Page No. Audit Committee VICE ADMIRAL P.J. JACOB (Retd.) Financial Highlights 2 Chairman Directors’ Report to the shareholders 3 T.K. BALAJI V. SUBRAMANIAN Report on Corporate Governance 13 Auditors’ Report to the shareholders 23 Investors’ Grievance Committee Balance Sheet 26 SURESH KRISHNA Chairman Profit and Loss Account 27 VENU SRINIVASAN Schedules 28 K.