gst rate

1. Haier Group Corporation
Headquarters in Qingdao, China
Native name 海尔集团
Type Collective enterprise
Industry Home appliances
Consumer electronics
Founded 1984; 34 years ago
Headquarters Qingdao, China
Key people Zhang Ruimin
(Chairman and CEO)
Liang Haishan
(Rotating President)
Zhou Yunjie
(Rotating President)
Products Major appliances

2. Small appliances
Commercial heating and
cooling systems
Consumer electronics
Subsidiaries GE Consumer & Industrial
Fisher & Paykel
Haier Electronics Group
Hotpoint America
Qingdao Haier
Website www.haier.com
Haier
Simplified Chinese 海尔
Traditional Chinese 海爾
showTranscriptions
Haier Group Corporation is a
Chinese collectivemultinational consumerelectronics and home
appliances company headquartered
in Qingdao,Shandongprovince,China.It designs,develops,
manufactures and sells products including air conditioners,mobile
phones,computers,microwaveovens,washing
machines,refrigerators,and televisions.
According to data released by Euromonitorin 2014,the Haier brand
had the world'slargestmarketsharein white goods,with 10.2 per
cent retailvolume marketshare.This was the sixth consecutive year
in which Haier had been the marketshare leader for major
appliances.[1]
Haier Group also consisted of two listed subsidiaries: QingdaoHaier
Co., Ltd. (SSE: 600690)and Haier Electronics Group Co.,
Ltd. (SEHK: 1169).It was announced thatQingdao Haier would also

3. issue "D-share" to trade in China EuropeInternationalExchangeof
Frankfurt.[2]
Contents
[hide]
 1History
o 1.1Founding
o 1.2Zhang Ruimin and the corporate revival
o 1.3Brand
o 1.4Internationalexpansion
o 1.5Criticism and controversies
 2Ownership structure
 3See also
 4References
 5Externallinks
History[edit]
This section needsadditionalcitations
for verification.Pleasehelp improve this
article by adding citations to reliable sources.
Unsourced materialmay be challenged and
removed. (April 2011) (Learn how and when to remove
this template message)
The origins of Haier date back long before the actualfounding of the
company.In the 1920s,a refrigeratorfactory was built in Qingdaoto
supply the Chinesemarket.After the 1949 establishmentof the
People'sRepublic of China,this factory was then taken over and
turned into a state-ownedenterprise.
Founding[edit]

4. Haier store in Nanchang
Haier had been founded as Qingdao Refrigerator Co. in 1984.With
China opening up to world markets,foreign corporations began
searchingfor partnerships in China.One of these,Germany's
refrigerator company Liebherr entered into a joint-venture contract
with QingdaoRefrigerator Co.,offering technologyand equipmentto
its Chinese counterpart.Refrigeratorswere to be manufactured under
the name of Qindao-Liebherr(simplified Chinese:琴岛—利勃海尔
; traditionalChinese:琴島-利勃海爾;pinyin:Qindao-Libohaier)[3][4]
.The
installation of Liebherr'sequipmentand technologywas accompanied
by new quality managementprocesses.By 1986,Qingdao
Refrigeratorhad returnedto profitability and sales growth averaged
83 per cent per year.With sales of just CNY ¥3.5 million in 1984,sales
rocketed to CNY ¥40.5 billion by 2000; a growth ofmore than 11,500
times.[5]
The municipalgovernmentasked it to take over some of the city's
other ailing appliancemakers.In 1988,the company assumedcontrol
of Qingdao ElectroplatingCompany (making microwaves)and in 1991
took over QingdaoAir ConditionerPlant and QingdaoFreezer and in
1995,took over Qingdao red star electronics co.,LTD,which has been
a famous businesscase included by the Harvard BusinessSchool.
Zhang Ruimin and the corporate revival[edit]
By the 1980s,the factory had debtof over CNY ¥1.4 million and
suffered from dilapidatedinfrastructure,poor management,and lack
of quality controls,resultingfrom the planned economicsystem and
relevantpolicies.[6]
Production had slowed,rarely surpassing 80
refrigeratorsa month,and the factory was close to bankruptcy.The
Qingdao governmenthired a young assistantcity-manager, Zhang

5. Ruimin, responsible for a number of city-owned appliance companies.
Zhang was appointedthe managing directorof the factory in 1984.
When he arrivedin 1984,Zhang decided that improvementwas
needed to the factory's quality control.
In 1985,a customer broughta faulty refrigerator backto the factory
and showed it to Zhang.Zhang and the customerthen wentthrough
his entire inventoryof 400 refrigerators lookingfor a replacement.In
the process he discovered thatthere was a 20 percentfailure rate in
his merchandise.To emphasizethe importance ofproductquality,
Zhang had the 76 dud refrigeratorslined up on the factory floor. He
then distributedsledgehammers to the employeesand ordered them
to destroythe refrigerators.Theworkerswere hesitant; the cost of a
refrigerator at the time was abouttwo years' wages.Seeing their
distress,Zhang said: "Destroy them!If we pass these 76 refrigerators
for sale, we'll be continuinga mistake that has all but bankruptedour
company." The refrigerators were destroyed.One of the hammers
used is on display at company headquarters as a reminderto
posterity.
Brand[edit]
Having diversified its productline beyond refrigerators,the company
adopted a new name in 1991.Borrowingfrom the German name of its
partner,"Haier" came from the last two syllables of the Chinese
transliteration of Liebherr(pronounced "Li-bo-hai-er").Qingdao Haier
Group was further simplified in 1992 to Haier Group,the company's
currentname.
In 1995 Haier boughtout its chief rivalin Qingdao, Red Star Electric
Appliance Factory.[7]
In 1997,the company movedinto television
manufacturing with the acquisitionof Huangshan Electronics
Group.[7]
By the end of the 1990s,Haier sold many products
including; mobile phonesand computers,and had the largestnational
marketsharein its core white goods division.[7]
International expansion[edit]
The company openeda productionfacility in Indonesia in 1996,and
the Philippines and Malaysiain 1997.The company tried to compete
in the Thaimarket,butthey completely lostto local electronics
companies and had to stop the marketing there.In the US it focused

6. upon two niche markets in compactrefrigerators and electric wine
cellars.
Haier began to manufacturefull-sized refrigerators for North
American market.This would bring it into directcompetition with
established Americancompanies GE,Whirlpool, Frigidaire,
and Maytag.As part of its strategy,Haier built a productionfacility in
the United States at Camden,South Carolina,openedin 2000.By
2002,US revenuesreached USD$200million, still small compared to
its overallrevenueof $7 billion.[5]
Also in 2002,Haier moved into a
building in midtown Manhattan.Formerlythe headquartersfor
the Greenwich Savings Bank,the 52,000-square-foot(4,800 m2
)
building was built in 1924 in the neo-classicalstyle.
Production facilities were constructed in Pakistanin 2002 (see Haier
Pakistan)and Jordan in 2003.In Africa, Haier has plants in five
countries: Tunisia,Nigeria,Egypt,Algeria and South Africa.[8]
The
companyalso purchaseda Meneghetti's factory in Italy and began
placing its products in European retailchains,either underits own
brand or under OEMagreements with foreign partners.Currently Haier
has entered into a joint ventureagreementwith the government
of Venezuela.[9]
Haier Appliances (India)P. Ltd initiated its commercialoperationsin
January 2004.Its headquartersis in New Delhi, and in 2015 it had 33
operations,including those in Mumbai,Bangalore,Chennaiand
Kolkata.It was listed among the top 20 mosttrusted brandsin India
by The Brand TrustReport,a study conductedby TrustResearch
Advisory.
In June 2005,Haier made a bid to acquire MaytagCorporation,backed
by private equity funds BlackstoneGroup and Bain Capital.The bid
was for USD $1.28 billion, or $16 per share,topping a previousoffer of
$14.26 per share made by Ripplewood Holdings.[10]
In the end,
however,Maytag wasboughtby Michigan based Whirlpool
Corporation which offered $1.7 billion in cash and stock,or $21 per
share,plus assumed debt.[11]

7. A Haier smartphone at the Mobile World Congress 2015
As of 2008,Haier had surpassed rivalWhirlpoolas the world's top
refrigerator producerin terms of sales,accordingto Euromonitor,an
independentbusinessintelligenceprovider.Haier said it sold 12
million refrigerators worldwide,up 20% over the previous year.Its
marketsharereached6.3% globally.[12]
In 2012,Haier Group boughtthe New Zealand appliance
manufacturing company Fisher& Paykel.[13]
In January,2016 Haier Group acquired GeneralElectric's appliance
division for $5.4 billion.[14]
Criticism and controversies[edit]
In 2014,Haier was accused by German media of delivering
smartphonesand tablets with pre-installed malware.[15][16][17]
Ownership structure[edit]
Although under partial public ownership,Haier is still technically a
"collective" company,meaningthat it is supposed to be owned by its
employees.However,its actualownership situation is opaque;the
employees receiveno dividends and do not know how much they own
in reality.Interferencefrom officials is also a risk for state-owned
enterprises like Haier. Various levels of governmentoften try to push
their ailing companiesupon successfulones,often resulting in
failure; Haier was once talked into acquiring
a pharmaceutical company,even thoughit had no prior experience or
infrastructure in biotechnology.[18]
As a governmententity, Haier was also officially barredfrom entering
the stock exchange earlyon. However,the companyneeded funds for
its expansion and therefore soughtloopholes to access private
equity.In 1993,it listed a subsidiary Qingdao Haier Refrigerator

8. Co. on the ShanghaiStock Exchange,raising CNY ¥370 million. In
2005,Haier enteredthe Hong Kong Stock Exchange through a
"backdoorlisting" by acquiringa controlling stake in a publicly
listed joint ventureHaier-CCT Holdings Ltd. (SEHK: 1169).Haier is
also an index stock of the Do
Jones.

9. GST RATE.NET SALE &
PROFITABILITYOF haier
COMPANY PVT LTD
PAKISTAN FOR THE
YEAR OF 2017/2013
GST OF Haier PAKISTAN FOR THE YEAR
2017:
 HAIER June qtr net up 10% to Rs 576 cr;
firm claims GST hit top line
 Net sales grew 7.38%, negatively
impacted by GST roll out; profit up 8.77%

10. GST OF HAIER PAKISTAN FOR THE YEAR
2016:
 HAIER June qtr net up 8% to Rs 498 cr;
firm claims GST hit top line
 Net sales grew 7.12%, negatively
impacted by GST roll out; profit up 8.9%
GST OF HAIER PAKISTAN FOR THE YEAR
2015:
 HAIER June qtr net up 7.2% to Rs 386
cr; firm claims GST hit top line
 Net sales grew 6.11%, negatively
impacted by GST roll out; profit up 7.3%

11. GST OF HAIER PAKISTAN FOR THE YEAR
2014:
 HAIER June qtr net up 6.04% to Rs 382
cr; firm claims GST hit top line
 Net sales grew 6.1%, negatively
impacted by GST roll out; profit up 7.6%
GST OF HAIER PAKISTAN FOR THE YEAR
2013:
 HAIER s June qtr net up 4.97% to Rs 312
cr; firm claims GST hit top line
 Net sales grew 4.9%, negatively
impacted by GST roll out; profit up 5.23%

12. GRAPH

COMPANY’S OBJECTIVES
The continuous improvement of all products and services through
total involvement of employees.
2. The development and strengthening of joint ventures and
partnerships with external and internal customers and suppliers.
3. Providing innovative and higher quality products to achieve
total customer satisfaction by understanding their requirements
and anticipating their future expectations or needs through:
Monitoring Annual Targets for quality improvement in all areas and
function of the organization.
Valuing people by understanding and drawing upon their strengths
i.e. abilities and knowledge and make efforts for their training and
development.
4. W ith a dedicated team of professionals the company is striving
to improve the quality of life in Paki stan homes through reliable
equipment for power distribution and home appliances.
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
2017 2016 2015 2014 2013