Annexure to the Directors' Report
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NIFTY Midcap
February 28, 2018 The NIFTY Free Float Midcap 100 Index is designed to capture the movement of the midcap segment of the market. The NIFTY Free Float Midcap 100 Index comprises 100 tradable stocks listed on the National Stock Exchange (NSE). NIFTY Free Float Midcap 100 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value. NIFTY Free Float Midcap 100 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products. Index Variant: NIFTY Free Float Midcap 100 Total Returns Index. Portfolio Characteristics Statistics Since Methodology Free Float Market Capitalization QTD YTD 1 Year 5 Years Inception No. of Constituents 100 Returns (%) # -6.95 -6.95 19.32 21.13 21.70 Launch Date July 18, 2005 Since Base Date January 01, 2003 1 Year 5 Years Inception Base Value 1000 Std. Deviation * 14.40 17.13 22.66 Calculation Frequency Online Daily Beta (NIFTY 50) 1.16 0.96 0.84 Index Rebalancing Semi-Annually Correlation (NIFTY 50) 0.76 0.82 0.85 Sector Representation Fundamentals Sector Weight(%) P/E P/B Dividend Yield 47.29 2.79 0.91 FINANCIAL SERVICES 19.97 CONSUMER GOODS 13.14 Top constituents by weightage PHARMA 9.80 INDUSTRIAL MANUFACTURING 6.73 Company’s Name Weight(%) SERVICES 6.68 RBL Bank Ltd. 2.19 ENERGY 6.56 Container Corporation of India Ltd. 1.91 AUTOMOBILE 6.55 IT 6.23 Voltas Ltd. -
Annual Report 2011-2012
Cover image: All photographs are of associates of Tata Consultancy Services The Annual General Meeting will be held on Friday, June 29, 2012, at Birla Matushri Sabhagar, Sir V. T. Marg, New Marine Lines, Mumbai 400020, at 3.30 p.m. As a measure of economy, copies of the Annual Report will not be distributed at the Annual General Meeting. Members are requested to bring their copies to the meeting. Contents Board of Directors 2 Financial Highlights 4 Our Leadership Team 5 Letter from CEO 6 Key Trends (FY 2005 - 2012) 8 Management Team 10 Directors’ Report 12 Management Discussion and Analysis 21 Corporate Governance Report 58 Consolidated Financial Statements Auditors’ Report 75 Consolidated Balance Sheet 76 Consolidated Statement of Profit and Loss 77 Consolidated Cash Flow Statement 78 Notes forming part of the Consolidated Financial Statements 79 Unconsolidated Financial Statements Auditors’ Report 111 Balance Sheet 114 Statement of Profit and Loss 115 Cash Flow Statement 116 Notes forming part of the Financial Statements 117 Statement under Section 212 of the Companies Act, 1956 relating to subsidiary companies 150 Board of Directors As of April 02, 2012 1 R N Tata 2 S Ramadorai 3 A Mehta Chairman Vice Chairman Director 4 V Thyagarajan 5 C M Christensen 6 R Sommer Director Director Director 7 Laura Cha 8 V Kelkar 9 I Hussain Director Director Director 10 N Chandrasekaran 11 S Mahalingam 12 P A Vandrevala Chief Executive Officer Chief Financial Officer Director and Managing Director and Executive Director 13 O P Bhatt 14 C P Mistry Director -
Financial Village
CONSISTENT COMPOUNDERS AN INVESTMENT STRATEGY BY MARCELLUS INVESTMENT MANAGERS Private & Confidential. 1 ABOUT MARCELLUS Private & Confidential. Marcellus Investment Managers was founded in 2018 and currently has c.US$675m in assets under management and advisory. The founders have worked together for the past 15years Rakshit Ranjan, CFA – Portfolio Saurabh Mukherjea, CFA – Chief Pramod Gubbi, CFA - Head of Sales Investment Officer Manager - Formerly, MD & Head of Institutional - Formerly, Portfolio manager of - former CEO of Ambit Capital, assets Equities at Ambit Capital under advisory were $800mn. Ambit Capital's Coffee Can PMS, - CEO of Ambit Singapore - Author of three bestselling books: which was one of India's top Gurus of Chaos (2014), The Unusual - Tech analyst at Clear Capital and also performing equity products Billionaires (2016) and “Coffee Can worked in the tech industry - HCL during 2018 Investing (2018). Technologies and Philips - Ambit's consumer research - Co-founder of Clear Capital, a London Semiconductors head, voted as No.1 for based small-cap equity research firm which he and his co-founders created in - Post-graduate in Management from Discretionary Consumer and 2003 and sold in 2008. IIM – Ahmedabad. top-3 for Consumer Staples - MSc in Economics from London School - B.Tech from Regional Engineering - At Clear Capital, ranked amongst of Economics College, Surathkal (NIT, Karnataka) the top-3 UK Insurance analysts - Member of SEBI’s Asset Management - B.Tech from IIT (Delhi) 2 Advisory Committee. KEY STEPS FOR IDENTIFYING CONSISTENT COMPOUNDERS 1. Identify companies with clean accounts 2. Identify companies with track record of superior capital allocation 3. Amongst companies which pass steps 1 & 2, identify those with high barriers to entry Private & Confidential. -
Voltas Limited and Arçelik A.S. Join Forces in India Joint Venture Company to Be Established to Tap India’S Growing Consumer Durables Market
Voltas Limited and Arçelik A.S. join forces in India Joint Venture Company to be established to tap India’s growing consumer durables market Mumbai (India), May 23, 2017 Voltas Limited -- A Tata Enterprise, and Ardutch B.V. (a subsidiary of Arçelik A.S.; part of the Koç Group – Turkey’s largest industrial and services group), have agreed to establish a Joint Venture Company (JVC) in India, to enter the consumer durables market in the country. The new company to be incorporated in India will be an equal partnership joint venture. The proposed JVC will leverage the strong brand presence and wide sales and distribution network of Voltas, which is the market leader for residential air-conditioners in India, with over 20% market share. Arçelik will bring to the JVC its strong R&D and manufacturing prowess, in addition to a wide product range and global sourcing capabilities. Beko, the global brand of Arçelik A. Ş., has been the fastest growing home appliances brand of Europe for the past 7 years. The brand is the market leader in UK and the #1 freestanding white goods brand of Europe. The complementary strengths of the two partners will help build a sustainable consumer durables business in India. The proposed JVC will launch refrigerators, washing machines, microwaves and other white goods / domestic appliances in India. A manufacturing facility will be set up in the country, and the JVC will also source products from Arçelik’s global manufacturing facilities and vendor base. The Consumer Durables market in India is slated to grow by 10%-12% per annum and reach US$ 12 billion by 2027. -
Indigo Paints Limited
TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS Name of the Issue: Indigo Paints Limited 1. Type of Issue (IPO/FPO) IPO 2. Issue Size (Rs. Cr) INR 1,169.12 Cr 3. Grade of issue along with name of the rating agency Name NA Grade NA 4. Subscription Level (Number of times) 117.0302^ (excluding anchor investors and after removing multiple and duplicate bids) ^Source: Minutes of the Basis of Allotment meeting dated January 28, 2021 5. QIB Holding (as a % of outstanding capital) as disclosed to stock exchanges Particulars Percentage 8.18* (i) allotment in the issue (ii) at the end of the 1st Quarter immediately NA after the listing of the issue^ NA (iii) at the end of 1st FY (March 31, 2021)^ NA (iv) at the end of 2nd FY (March 31, 2022)^ NA (v) at the end of 3rd FY (March 31, 2023)^ (^) QIB Holding not disclosed as reporting for relevant period / fiscal years has not been completed (*As a % of total post – issue paid up capital as per the Prospectus dated January 25, 2021) 1 6. Financials of the issuer (as per the annual financial results submitted to stock exchanges) (Rs in Crores) 1st FY (March 31, 2nd FY (March 31, 3rd FY (March 31, Parameters 2021)* 2022)* 2023)* Income from operations N.A. N.A. N.A. Net Profit for the period N.A. N.A. N.A. Paid-up equity share capital N.A. N.A. N.A. Reserves excluding revaluation reserves N.A. -
Annual Report 2007 | Reports & Filings | Investors
Once upon a time, the world was spiky. Opportunities were unequal across countries, information was often walled and new economies were unheard of. But around the mid 990s, things started changing. Wealth began to spread, opening up fresh markets. A baby-boomer generation aged in developed countries while a Gen-Y exploded in emerging ones, rebalancing the workforce and propelling new economies. Technology became ubiquitous, connecting people and information. Together, these disruptive forces rearranged and leveled the global business-scape. Braving the waves of complex regulations and changing customer expectations, a new breed of entrepreneurs arrived to claim the unexplored land. They found a flat world. We live in exciting times. Infosys Annual Report 2006-07 | Winning in the Flat World Nandan M. Nilekani, CEO and Managing Director, Infosys Technologies Ltd., in conversation with Brianna Yvonne Dieter, Executive – Academic Relations, Infosys Technologies Ltd. Recently you have been talking about the world becoming companies should beat them by making their operations more flat. Could you elaborate further? cost-competitive and globally efficient. We believe that four major trends are changing the business Create customer loyalty through faster innovation: Customers stay landscape. They are: with companies which have the most innovative and useful products and services. Therefore, companies must be able to innovate rapidly The emergence of developing economies creating new markets l to offer products and services that customers value. In many cases, and accessible talent pools, this may require co-creating these offerings with customers or l A global shift in demographics, driving companies to tap young partners. and skilled talent pools outside of industrialized countries, Make money from information: Despite years of investment in l The ongoing adoption of technology which is changing how systems, few companies are truly able to leverage information to consumers and companies use technology, and improve their operational or financial performance. -
Gail (India) Limited
GAIL (INDIA) LIMITED BIDDING DOCUMENT NO.: GAIL/JP18/FL294/8000014877/18-19 BIDDING DOCUMENT FOR SUPPLY AND INSTALLATION OF 1.5 TON & 2.0 TON SPLIT AIR CONDITIONER ON BUY BACK BASIS FOR IPS ABU ROAD & GAIL VIHAR ABU ROAD. TENDERING UNDER “DOMESTIC COMPETITIVE BIDDING” Prepared and Issued by GAIL (INDIA) LIMITED GAIL - BHAWAN, SECTOR-6, VIDHYADHAR NAGAR, JAIPUR-302039 (RAJASTHAN) TEL. NOS.: 0141 2230347/617/698 Fax: 0141 2230374 Corporate Identification Number: L40200DL1984GOI018976 GAIL/JP18/FL294/8000014877/18-19 ------------------------------------------------------------------------------------------------------------------------------------------ SECTION-I INVITATION FOR BID (IFB) 2 GAIL/JP18/FL294/8000014877/18-19 ------------------------------------------------------------------------------------------------------------------------------------------ SECTION-I "INVITATION FOR BID (IFB)” Ref No: GAIL/JP18/FL 294/8000014877/2018-19 Date: 20.04.2019 To, [PROSPECTIVE BIDDERS] SUB: TENDER DOCUMENT FOR SUPPLY AND INSTALLATION OF 1.5 TON & 2.0 TON SPLIT AIR CONDITIONER ON BUY BACK BASIS FOR IPS ABU ROAD & GAIL VIHAR ABU ROAD. Dear Sir/Madam, 1.0 GAIL (India) Limited, the largest state-owned natural gas processing and distribution company having Registered Office at ‘GAIL Bhawan’, 16, Bhikaiji Cama Place, R.K. Puram, New Delhi, India (CIN L40200DL1984GOI018976) and the youngest Maharatna, invites bids from bidders for the subject supply/job, in complete accordance with the following details and enclosed Tender Documents. 2.0 The brief details of the tender are as under: SUPPLY AND INSTALLATION OF 1.5 TON & 2.0 TON SPLIT AIR CONDITIONER ON BUY (A) SCOPE OF SUPPLY/ PROCUREMENT BACK BASIS FOR IPS ABU ROAD & GAIL VIHAR ABU ROAD. (B) TENDER NO. & DATE GAIL/JP18/FL 294/8000014877/18-19 DTD. 20.04.2019 SINGLE BID SYSTEM (C) TYPE OF BIDDING SYSTEM X TWO BID SYSTEM ✓ E-TENDER ✓ MANUAL (D) TYPE OF TENDER X E-TENDER NO:8000014877 04 MONTHS FROM THE DATE OF (E) CONTRACTUAL DELIVERY DATE NOTIFICATION OF AWARD (REF. -
The VRF System
VARIABLE REFRIGERANT FLOW SYSTEM (VRF) WATER COOLED CENTRIFUGAL CHILLER ENERGY EFFICIENT WATER COOLED SCREW CHILLER The VRF System Variable Refrigerant Flow Systems with DC Inverter Scroll Compressors ENERGY EFFICIENT AIR COOLED SCREW CHILLER PACKAGED & DUCTABLE SPLIT UNIT CO-GEN VAPOUR ABSORPTION MACHINE (VAM) DOUBLE EFFECT VAM AIR COOLED SCROLL CHILLER WATER COOLED SCROLL CHILLER PROCESS REFRIGERATION PACKAGE IAQ & ENERGY REDUCTION SYSTEM STP EA ODOUR / H2S REMOVAL SYSTEM VOLTAS LIMITED Domestic Projects Group : Voltas House ‘B’, 3rd floor, T. B. Kadam Marg, Chinchpokli, Mumbai-400 033, India. Tel.: +91 22 6792 0307 / 6792 0263. Email: [email protected], [email protected], North: [email protected], East: [email protected], South: [email protected], Mumbai: [email protected], Ahmedabad: [email protected], Pune: [email protected] | www.voltas.com NORTH ZONE: DELHI (011) 66505659/66505678/66505680/66505657 CHANDIGARH (0172) 6610124 JAIPUR (0141) 6541011 LUCKNOW 9044067024 EAST ZONE: KOLKATA (033) 66266268 / 662662283 / 66266262 BHUBANESHWAR (0674) 6574044 PATNA (0612) 2500786 RAIPUR (077) 14033886 WEST ZONE: MUMBAI (022) 66656754/ 66656756 / 66656757 / 66656759 / 66656760 NAGPUR (0712) 6456894 AHMEDABAD (079) Outdoor Units - Upto 88 HP 66301102 / 6630 1107 PUNE (020) 66297446 INDORE (0731) 2498616 SOUTH ZONE: CHENNAI (044) 66760315 / 66760346 / 66760355 BENGALURU (080) 22535643 HYDERABAD (040) 66743007 COCHIN (0484) 6605553. VL/VRF/INV/04/17/3k Voltas, a member of the Tata Group, is India's largest air -
Tata Power Announces Exclusive Offer for Consumers in Mumbai In
Tata Power announces exclusive offer for consumers in Mumbai in association with Voltas AC Offers savings up to 50% on MRP with a special package of 5-year comprehensive warranty for Tata Power customers Mumbai, 11th September 2019: India is a well-established consumer durables market. It is thus, crucial for brands to create energy efficient products. With an aim to promote energy conservation and provide consumers with green & efficient choices, Tata Power has announced an exclusive offer for its consumers in Mumbai where they can save up to 50% on the purchase of Voltas 5 Star Inverter AC. Moreover, consumers can also avail a special package of 5 year comprehensive warranty on the entire range of Voltas ACs. The offer will be limited till 31st December 2019. Voltas’ 5 Star Inverter ACs ensure higher energy saving with distinctive advantages. Scheme details: • Savings: A handsome saving of upto 50% available on the products • Capacity: Models of 1, 1.5 & 2 Ton capacity are available under the program • Flexible Warranty Options: Manufacturer standard warranty of 1 year & choice of purchasing warranty for additional years at discounted rates • Exchange & New purchase Option: Can exchange old AC in working condition or buy a new AC by paying additional Rs. 2500 • Eligibility: A residential consumer is eligible to purchase a maximum of 1 Split AC whereas a Commercial consumer is eligible for a maximum of 2 Split ACs • Latest 5-Star Ratings: All the models offered under this program have the latest 5-Star Rating from BEE (Bureau of Energy Efficiency) • Free Standard Installation: Free standard installation (as per manufacturer conditions) Mr. -
Berger Paints India (BERPAI)
Berger Paints India (BERPAI) CMP: | 519 Target: | 595 (15%) Target Period: 15 months BUY April 27, 2020 Colourful growth story… Berger Paint (BPIL) is the second largest decorative paint player in India with an organised market share of ~17%. The company has kept its market share intact despite aggressive expansion by the leader and other MNC paint players in domestic market. In the last five years, BPIL has invested heavily Stock Data in capex, brand building (average 5% of sales in the last five years) and Particular Amount product innovation with a strong balance sheet position. All these resulted Market Capitalization (| Crore) 50,205.9 in a sharp expansion in EBITDA margin by ~300 bps in the past five years Total Debt (FY19) (| Crore) 499.9 and generated average RoE, RoCE of ~22%, 32%, respectively. We believe Cash and Inv (FY19) (| Crore) 489.3 the current lockdown situation due to the Covid-19 pandemic would restrict EV (| Crore) 50,216.5 52 week H/L (|) 597/292 FY21 volume growth. A strong demand recovery is expected to be Coverage Initiating Equity capital (| Crore) 97.1 witnessed from FY22E onwards supported by a surge in repainting demand. Face value (|) 1.0 We also believe with a strong supply chain and distribution network in place BPIL is set to benefit from a spike in demand once the situation normalises Price Chart post lockdown. We initiate coverage on Berger Paints with a BUY rating in 700 14000 view of: 1) long term growth drivers remaining intact, 2) expansion in gross 600 12000 margin and 3) market share gain from smaller, unorganised companies. -
Annual General Meeting 2021
Annual General Meeting 2021 Presentation to Shareholders June 30, 20211 Safe harbor statement Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors 2 FY21 was an extraordinary year for the global economy and the steel industry Global manufacturing PMIs Total number of vaccination administered ▪ Global GDP contracted 3.5% in CY20 EU UK India China Global due to COVID-19 pandemic 65 50 ▪ Central banks adopted accommodative policies to fight and contain the impact on economies 35 20 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Total number of vaccination doses administered by June 24, ▪ Manufacturing activities have 2021 per 100 people in the total population rebounded strongly since then Global HRC prices ($/t) India key economic growth indicators Korea export FOB China export FOB Construction Capital goods China domestic Germany domestic Automotive Consumer goods ▪ Increasing vaccination is a key to 1,000 48% continued recovery 24% 850 0% -24% 700 ▪ Steel prices -
Annual Report 2012-13
Annual Report 2012-13 www.infosys.com Infosys Annual Report 2012-13 “Innovation across borders is essential to accelerate the pace of world prosperity.” N. R. Narayana Murthy Founder and Chairman Emeritus, Infosys Limited Every day we ask ourselves how we can deliver greater value to our clients and shareholders. And look for ways to help our clients take on a future that is full of unknown challenges and yet brimming with opportunities to explore. We clearly see that tomorrow's enterprise will be nothing like today's. That is why our mission is to enable our clients to most effectively compete, not just today, but in the years ahead. As we go about our daily business, we keep relentlessly innovating in order to remain relevant to our clients and their customers. This tireless commitment to new ideas is in our DNA. It has powered our success through the last three decades and continues to guide us as we go about building tomorrow's enterprise for our clients. We believe each great idea that we bring to life can change how business works, eventually cascading to change how the world works. We measure our success by how these solutions help drive the world — and its enterprises — forward. Infosys — a company of relentless innovators on a mission. Download the report here : http://www.infosys.com/AR-2013 The Annual Report is printed on 100% recycled paper certified by the U.K.-based National Association of Paper Merchants (NAPM), France-based Association des Producteurs des papiers et cartons Recycles (APUR) and Germany-based Blue Angel.