Petronet LNG Ltd is India's largest importer of LNG with long term supply contracts with RasGas of Qatar and Exxon Mobil's Gorgon project in Australia. The company has seen strong growth in recent years with net profit rising 112% in Q4 FY2011 and 53% for the full year. Future outlook is positive due to increasing demand for cleaner natural gas and the company's expansion plans. However, risks include volatility in international LNG prices and regulatory changes.
This document summarizes 15 promising Indian tech startups that have the potential to become the next Infosys. It provides brief descriptions of each company, including their founders, year founded, business focus, notable customers, and revenue where available. The companies cover a wide range of technologies including mobile services, networking, cloud computing, software development, data centers, and more.
Cera Sanitaryware Ltd is an Indian ceramics company that manufactures sanitaryware and bathroom fittings. It has grown at a rate of over 25% in the past 3 years and aims to become India's largest sanitaryware producer. Recent developments include unveiling a new logo and branding identity to appeal to younger customers, signing Bollywood actress Dia Mirza as a brand endorser, and plans to acquire an Italian brand or factory to enter the high-end sanitaryware segment in India and globally. The company is also expanding its manufacturing capacity in India through investments of Rs. 100 crores.
Rane Brake Lining Ltd (RBL) is an auto ancillary company and domestic leader in friction material products. It manufactures brake linings, disc pads, clutch facings, and composite brake blocks. RBL was awarded the prestigious Deming Grand Prize in 2013, marking a milestone in its excellence journey. The company has four manufacturing plants in India and supplies products to automotive OEMs, the Indian Railways, and exports to 15 countries. RBL is led by a strong management team focused on quality and research & development.
This document provides an equity research report on Acrysil (India) Ltd, which manufactures quartz and granite kitchen sinks. Some key points:
- Acrysil is a leading manufacturer of composite quartz sinks in India and exports to over 30 countries. Exports account for 80% of revenues.
- Recent developments include adding new institutional customers, entering new geographies, and launching new product lines in India to target the premium kitchen segment.
- Financial performance has been positive with rising revenues, though profits have recently declined due to higher raw material costs. Forecasts estimate continued revenue and profit growth.
- Risks include reliance on exports and susceptibility to global economic conditions, as well as inflation
Tide Water Oil is an Indian lubricant company with a market cap of Rs. 6,747 crores. It has seen revenue and profit growth of 13.61% and 21% respectively over the past 3 years. The report recommends the stock with an 18-24 month target price of Rs. 12,500, citing opportunities for international expansion through a recent acquisition and a technical collaboration with a major Japanese lubricant company. However, risks include volatility in base oil prices and competition from large players in the domestic market.
Camlin Fine Chemicals Ltd is an Indian manufacturer and exporter of bulk drugs, fine chemicals, and food grade products. The company produces active pharmaceutical ingredients, food antioxidants, and sweeteners. It has two business divisions: Food Ingredients and Industrial Products. Camlin has a research and development facility focused on product and process improvements. The company has expanded its production capacity over the years through investments and acquisitions. Camlin's key products include the food antioxidants TBHQ and BHA, as well as the sweetener sucralose.
This document provides an equity research report on Chemfab Alkalis Ltd, a commodity chemicals company based in Chennai, India. The report discusses the company's background and products, recent developments including replacing old plants, financial performance over the last six quarters, peer comparison, and risks. The report recommends the stock, noting the company stands to benefit from rebounding domestic demand and higher international caustic soda prices. The target price is Rs. 170, with an expected return of 12-24 months.
This report provides an analysis of Superhouse Ltd, an Indian company that manufactures and exports leather, leather products, and textile garments. It discusses the company's background and facilities, financial performance, industry overview, and recommends the stock as a potential investment. Key points include that Superhouse has annual revenues over Rs. 4,000 crores and 15 manufacturing units in India. The report provides financial details, compares it to peers, and forecasts continued growth in the coming quarters.
This document summarizes 15 promising Indian tech startups that have the potential to become the next Infosys. It provides brief descriptions of each company, including their founders, year founded, business focus, notable customers, and revenue where available. The companies cover a wide range of technologies including mobile services, networking, cloud computing, software development, data centers, and more.
Cera Sanitaryware Ltd is an Indian ceramics company that manufactures sanitaryware and bathroom fittings. It has grown at a rate of over 25% in the past 3 years and aims to become India's largest sanitaryware producer. Recent developments include unveiling a new logo and branding identity to appeal to younger customers, signing Bollywood actress Dia Mirza as a brand endorser, and plans to acquire an Italian brand or factory to enter the high-end sanitaryware segment in India and globally. The company is also expanding its manufacturing capacity in India through investments of Rs. 100 crores.
Rane Brake Lining Ltd (RBL) is an auto ancillary company and domestic leader in friction material products. It manufactures brake linings, disc pads, clutch facings, and composite brake blocks. RBL was awarded the prestigious Deming Grand Prize in 2013, marking a milestone in its excellence journey. The company has four manufacturing plants in India and supplies products to automotive OEMs, the Indian Railways, and exports to 15 countries. RBL is led by a strong management team focused on quality and research & development.
This document provides an equity research report on Acrysil (India) Ltd, which manufactures quartz and granite kitchen sinks. Some key points:
- Acrysil is a leading manufacturer of composite quartz sinks in India and exports to over 30 countries. Exports account for 80% of revenues.
- Recent developments include adding new institutional customers, entering new geographies, and launching new product lines in India to target the premium kitchen segment.
- Financial performance has been positive with rising revenues, though profits have recently declined due to higher raw material costs. Forecasts estimate continued revenue and profit growth.
- Risks include reliance on exports and susceptibility to global economic conditions, as well as inflation
Tide Water Oil is an Indian lubricant company with a market cap of Rs. 6,747 crores. It has seen revenue and profit growth of 13.61% and 21% respectively over the past 3 years. The report recommends the stock with an 18-24 month target price of Rs. 12,500, citing opportunities for international expansion through a recent acquisition and a technical collaboration with a major Japanese lubricant company. However, risks include volatility in base oil prices and competition from large players in the domestic market.
Camlin Fine Chemicals Ltd is an Indian manufacturer and exporter of bulk drugs, fine chemicals, and food grade products. The company produces active pharmaceutical ingredients, food antioxidants, and sweeteners. It has two business divisions: Food Ingredients and Industrial Products. Camlin has a research and development facility focused on product and process improvements. The company has expanded its production capacity over the years through investments and acquisitions. Camlin's key products include the food antioxidants TBHQ and BHA, as well as the sweetener sucralose.
This document provides an equity research report on Chemfab Alkalis Ltd, a commodity chemicals company based in Chennai, India. The report discusses the company's background and products, recent developments including replacing old plants, financial performance over the last six quarters, peer comparison, and risks. The report recommends the stock, noting the company stands to benefit from rebounding domestic demand and higher international caustic soda prices. The target price is Rs. 170, with an expected return of 12-24 months.
This report provides an analysis of Superhouse Ltd, an Indian company that manufactures and exports leather, leather products, and textile garments. It discusses the company's background and facilities, financial performance, industry overview, and recommends the stock as a potential investment. Key points include that Superhouse has annual revenues over Rs. 4,000 crores and 15 manufacturing units in India. The report provides financial details, compares it to peers, and forecasts continued growth in the coming quarters.
Plastiblends India Ltd is India's largest manufacturer and exporter of color and additive masterbatches and thermoplastic compounds. The report provides an overview of the company's background, facilities, products, achievements and financial performance. It also discusses the Indian masterbatch market outlook, forecasting growth of 23% annually until 2018 driven by increased plastic usage in industries like packaging, healthcare and automotive. The company has a leading 12% market share in India's fragmented masterbatch industry.
This document provides an equity research report on Pokarna Ltd, an Indian company that exports granite and manufactures quartz surfaces. It discusses the company's background, recent developments, financial performance, peer comparisons, risks, and provides a recommendation to purchase the stock with a target price of Rs. 1975 within 12-24 months. The report also provides an overview of the favorable outlook for the granite, quartz, flooring and countertop industries globally and in key markets like North America, Europe and Asia.
This report provides an equity research analysis of Ultramarine & Pigments Ltd., a specialty chemicals company based in India. The report discusses the company's background and operations in pigments, surfactants, and IT services. It highlights recent developments like plans to expand surfactant production and an increased focus on IT services. Financially, the company has seen rising revenues and profits in recent quarters. The report recommends the stock as a potential multibagger, setting a target price that is 80% higher than the current market price.
- Mold-Tek Packaging Ltd is a leading manufacturer of rigid plastic packaging in India with a 25% market share. It produces plastic containers for paints, lubricants, food, and FMCG products.
- The company recently raised Rs. 55 crores through a QIP to expand operations by setting up new plants in India and the UAE and increasing capacities of its tool room and food packaging facilities.
- Financial performance has been strong with net profits rising 74.8% in the December 2014 quarter and 72.6% in the September 2014 quarter compared to the prior year periods. Net sales have also increased annually.
- The company expects further growth driven by its in-mold labeling segment
Asian Granito India Ltd is a manufacturer of ceramic tiles based in India. The report provides an overview of the company's background, products, financial performance and recent developments. Key points include:
- The company has expanded its production capacity significantly over the past decade and now has 8 manufacturing plants.
- In FY14, revenues were Rs. 759 crore and net profit was Rs. 14.15 crore. In Q1 FY15, revenues were Rs. 176 crore and net profit was Rs. 3.35 crore.
- Recent developments include opening new showrooms, acquiring a new subsidiary, and using contract manufacturing to further expand production capacity.
This document provides an equity research report on Premier Explosives Ltd, an Indian company that manufactures explosives and accessories. The report discusses the company's background, financial performance, peer comparison, and risks. It recommends the stock as a potential multibagger, citing the company's consistent growth, expansion into new markets, and upside potential given government plans driving demand in the mining and power industries. The target price is Rs. 150, representing upside of over 100% from the current market price.
SMS Pharmaceuticals is an integrated pharmaceutical company focused on API manufacturing with a presence in over 70 countries. The report provides an equity research analysis on SMS Pharmaceuticals with a target price of Rs. 1100 based on a 18-24 month timeframe. Key details include SMS Pharma's financial performance over the last 6 quarters, expected future earnings, peer comparison, and risks. The report recommends SMS Pharma given its robust product portfolio, largest producer of anti-ulcer products, manufacturing facilities approved by USFDA and European authorities, and plans to invest in expanding facilities in Andhra Pradesh.
This report provides an analysis of Emmi Industries Ltd, an Indian packaging company. Key points:
- Emmi manufactures flexible packaging products like flexible intermediate bulk containers and woven sacks. It has a manufacturing facility in Silvassa, India.
- The company supplies domestic and international customers in over 52 countries. Exports contributed 49% of revenue in FY16.
- Emmi is focusing on value-added products like water conservation and agriculture products for the domestic market. It has an R&D center approved by the Indian government.
- Recent developments include the company gaining recognition as an R&D center and expanding into food-grade packaging. Financial performance has been positive with increasing revenues
This equity research report provides an overview of Shaily Engineering Plastics Ltd, a manufacturer of plastic components and subassemblies. Some key points:
- The company has five manufacturing facilities in Gujarat producing components for industries like FMCG, pharmaceuticals, auto, and more.
- It caters to major domestic and international clients and has long-standing relationships. Exports are diversified globally.
- A new plant produces child-resistant packaging for pharmaceuticals with capacity for 100 million units. Approval from two drug companies received.
- The report recommends the stock as a potential multibagger, setting a target price significantly higher than the current market price.
Aurobindo Pharma Ltd is an Indian pharmaceutical company with a market capitalization of Rs. 54543.9 million. The equity research report from Saral Gyan Capital Services provides an overview of the company, recent developments, financial performance, investment rationale, and risks. Key points include Aurobindo generating over 70% of its revenues from international markets, guidance for 15-20% revenue growth in the US market, and plans to aggressively file 25 ANDAs per year to drive future growth. The report recommends Aurobindo Pharma as a buy with a 12-18 month target price of Rs. 275 per share.
Bambino Agro Industries Ltd is a leading producer of vermicelli in South Asia, with a household name in India. It has four manufacturing units across India equipped with modern facilities. The company focuses on R&D to develop new product lines and maintains stringent quality control. It has a large distribution network across India as well as exporting to various international markets. The report provides an overview of the company's background and operations, and recommends the stock as a potential investment.
Reliance Industries Limited is India's largest private sector company with major operations in energy, petrochemicals, textiles, natural resources and telecommunications. It has a dominant position in India's oil and gas sector as the country's largest private operator with over 100,000 square kilometers of exploration acreage. Reliance is also India's largest private power producer and owns the country's largest petroleum retail network. The company has a consistent track record of growth over the past decades and is well positioned for further expansion in India's major growth sectors.
How to Start a Paint Manufacturing Industry (Decorative Paint & Acrylic Emuls...Ajjay Kumar Gupta
Paint is any liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. Paint can be made or purchased in many colors—and in many different types, such as watercolor, synthetic, etc. Paint is typically stored, sold, and applied as a liquid, but dries into a solid.
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Acrylic Emulsion Paint Manufacturing, best small and cottage scale industries, Decorative Paint Manufacturing, Detailed Project Report on paint production, Download free project profiles on Paint Manufacturing, emulsion paint manufacturing process, Feasibility report on paint production, feasibility study on paint production, Free Project Profiles on Paint Manufacturing, How paint is made - manufacture, making, used, components, composition, product, industry, machine, How to make paint and build your own factory, How to Manufacture Paint - Paint Formulation and Process, How to start a successful Paint business, How to Start Paint Manufacturing Industry in India, How to Start Paint Production Business, Indian paint industry, Make Millions from Paint Production, Manufacturing Paint and Coatings, Most Profitable Paint Manufacturing Business Ideas, New small scale ideas in Paint Manufacturing industry, Paint Based Small Scale Industries Projects, paint factory project, Paint Industry project, Paint Making Small Business Manufacturing, Paint manufacturing Business, paint manufacturing equipment, Paint Manufacturing Industry in India, paint manufacturing plant cost, paint manufacturing plant layout, paint manufacturing plant project report, paint manufacturing process, paint manufacturing process flow chart, Paint Manufacturing Projects, Paint Manufacturing, Paint Market - Industry Trends, Paint Production Business, paint production process, paint production technology, Pre-Investment Feasibility Study on paint production, Process of paint production, profitable small and cottage scale industries, Profitable Small Scale Paint Manufacturing, Project on the Paint Industry, project profile on acrylic paints, Project profiles on paint production, project report on paint industry, Project Report on Paint Manufacturing, project report on Paint Manufacturing industries, project report on paint manufacturing pdf, project report on paint production, project work on paint production, raw materials used in paint manufacturing, report on paint production, setting up a paint factory, Setting up and opening your Paint Business, Small Scale Paint Manufacturing Projects, Starting a Paint Manufacturing Business, Techno-Economic feasibility study on Paint Manufacturing, To Set Up a Paint Production Plant, water based paint manufacturing process
Exclusive coverage cooperation pumps valves and systems magazine balmer lawrieBalmerLawrie
Balmer Lawrie & Co. Ltd. is a 154-year-old Indian conglomerate with six business units including logistics, travel and vacations, industrial packaging, greases and lubricants, chemicals, and refinery and oil field services. It has a greases and lubricants manufacturing facility in Kolkata that produces greases, lubricants, and specialties using pumps, valves, and other equipment. Maintaining these is important for smooth operations and quality production. The facility has various certifications and follows quality control procedures.
Balmer Lawrie is a diversified public sector company serving manufacturing and services. To participate in Digital India, the company is using IT to enhance transparency, encourage e-procurement, and make transactions cashless. Most recruitment is also done online. The company's logistics services allow real-time container tracking and its travel portal offers booking services. Balmer Lawrie plans to invest in digitization over the next few years to achieve growth objectives and reach more customers digitally.
Sitara Chemical Industries Ltd is a Pakistani chemical manufacturer founded in 1981. It produces chemicals like caustic soda, chlorine, and fertilizers. The document discusses the company's vision, mission, businesses, objectives, financial ratios analyzing liquidity, activity, profitability, and solvency. It also presents a SWOT analysis and recommendations to increase production capacity, product lines, and provide online customer services. The ratio analysis shows some ratios decreased or increased compared to the previous year. Overall, the company has a strong market position but needs measures to maintain its profitability.
Extensive Coverage of Balmer Lawrie in Business India, January EditionBalmerLawrie
1) Balmer Lawrie abandoned plans for a logistics hub project in West Bengal after failing to secure land from the state government. It is now pursuing a larger logistics hub project in partnership with Visakhapatnam Port Trust in Andhra Pradesh.
2) Balmer Lawrie is expanding its existing container freight station facilities in Mumbai, Chennai, and Kolkata. It is also growing its inland logistics operations in Coimbatore. Future growth in Chennai is expected to outpace Kolkata, which has traditionally been its home base.
3) Balmer Lawrie is considering spinning off its barrel manufacturing business within the next two years in order to unlock value and pursue new opportunities in
This document provides an investment recommendation for Mazda Ltd stock for April 2012. It summarizes Mazda's business operations, financial performance, and valuation. Mazda operates an engineering division that designs vacuum and evaporator systems, as well as a small foods division. Despite economic challenges, Mazda has grown revenues by 10-15% annually and maintained high profit margins and returns on equity. The document recommends buying Mazda stock within a price range, noting the company's strong cash position, profitable operations, and conservative management.
- Kajaria Ceramics is the largest ceramic tile manufacturer in India with a capacity of 54.1 million square meters across seven plants.
- The company plans to expand capacity by 20.5 million square meters to 67.1 million square meters by FY2016 through brownfield expansion and new plants, which will drive revenue growth of 22% annually through FY2017.
- Higher sales of value-added products and new plants for sanitary ware and faucets will increase realizations and support margin expansion.
Ratio Analysis of the Sitara Chemical Industries Ltd.
In this content there have a different ratio analysis is Incoem statment ratio analysis, balance sheet ratio analysis, liquidity ratio analysis, cash ratio analysis, longterm ratio analysis and some more ratio analysis.
All complete detail of the company will make helpful.
The document summarizes a presentation on project finance for the Paradip-New Sambalpur-Raipur-Ranchi Pipeline (PRRPL) and the financial analysis of Indian Oil Corporation (IOCL) and its pipeline division. It includes details on the research methodology, industry and company profiles, the pipeline division, project finance assessment of PRRPL, financial analysis of IOCL and the pipeline division, contributions of the pipeline division, recommendations, and learnings.
Media & analyst webcast presentation Royal Dutch Shell first quarter 2012 res...Shell plc
Simon Henry, Chief Financial Officer of Royal Dutch Shell plc will host two audio webcasts of the First quarter 2012 results on Thursday April 26, 2012.
Plastiblends India Ltd is India's largest manufacturer and exporter of color and additive masterbatches and thermoplastic compounds. The report provides an overview of the company's background, facilities, products, achievements and financial performance. It also discusses the Indian masterbatch market outlook, forecasting growth of 23% annually until 2018 driven by increased plastic usage in industries like packaging, healthcare and automotive. The company has a leading 12% market share in India's fragmented masterbatch industry.
This document provides an equity research report on Pokarna Ltd, an Indian company that exports granite and manufactures quartz surfaces. It discusses the company's background, recent developments, financial performance, peer comparisons, risks, and provides a recommendation to purchase the stock with a target price of Rs. 1975 within 12-24 months. The report also provides an overview of the favorable outlook for the granite, quartz, flooring and countertop industries globally and in key markets like North America, Europe and Asia.
This report provides an equity research analysis of Ultramarine & Pigments Ltd., a specialty chemicals company based in India. The report discusses the company's background and operations in pigments, surfactants, and IT services. It highlights recent developments like plans to expand surfactant production and an increased focus on IT services. Financially, the company has seen rising revenues and profits in recent quarters. The report recommends the stock as a potential multibagger, setting a target price that is 80% higher than the current market price.
- Mold-Tek Packaging Ltd is a leading manufacturer of rigid plastic packaging in India with a 25% market share. It produces plastic containers for paints, lubricants, food, and FMCG products.
- The company recently raised Rs. 55 crores through a QIP to expand operations by setting up new plants in India and the UAE and increasing capacities of its tool room and food packaging facilities.
- Financial performance has been strong with net profits rising 74.8% in the December 2014 quarter and 72.6% in the September 2014 quarter compared to the prior year periods. Net sales have also increased annually.
- The company expects further growth driven by its in-mold labeling segment
Asian Granito India Ltd is a manufacturer of ceramic tiles based in India. The report provides an overview of the company's background, products, financial performance and recent developments. Key points include:
- The company has expanded its production capacity significantly over the past decade and now has 8 manufacturing plants.
- In FY14, revenues were Rs. 759 crore and net profit was Rs. 14.15 crore. In Q1 FY15, revenues were Rs. 176 crore and net profit was Rs. 3.35 crore.
- Recent developments include opening new showrooms, acquiring a new subsidiary, and using contract manufacturing to further expand production capacity.
This document provides an equity research report on Premier Explosives Ltd, an Indian company that manufactures explosives and accessories. The report discusses the company's background, financial performance, peer comparison, and risks. It recommends the stock as a potential multibagger, citing the company's consistent growth, expansion into new markets, and upside potential given government plans driving demand in the mining and power industries. The target price is Rs. 150, representing upside of over 100% from the current market price.
SMS Pharmaceuticals is an integrated pharmaceutical company focused on API manufacturing with a presence in over 70 countries. The report provides an equity research analysis on SMS Pharmaceuticals with a target price of Rs. 1100 based on a 18-24 month timeframe. Key details include SMS Pharma's financial performance over the last 6 quarters, expected future earnings, peer comparison, and risks. The report recommends SMS Pharma given its robust product portfolio, largest producer of anti-ulcer products, manufacturing facilities approved by USFDA and European authorities, and plans to invest in expanding facilities in Andhra Pradesh.
This report provides an analysis of Emmi Industries Ltd, an Indian packaging company. Key points:
- Emmi manufactures flexible packaging products like flexible intermediate bulk containers and woven sacks. It has a manufacturing facility in Silvassa, India.
- The company supplies domestic and international customers in over 52 countries. Exports contributed 49% of revenue in FY16.
- Emmi is focusing on value-added products like water conservation and agriculture products for the domestic market. It has an R&D center approved by the Indian government.
- Recent developments include the company gaining recognition as an R&D center and expanding into food-grade packaging. Financial performance has been positive with increasing revenues
This equity research report provides an overview of Shaily Engineering Plastics Ltd, a manufacturer of plastic components and subassemblies. Some key points:
- The company has five manufacturing facilities in Gujarat producing components for industries like FMCG, pharmaceuticals, auto, and more.
- It caters to major domestic and international clients and has long-standing relationships. Exports are diversified globally.
- A new plant produces child-resistant packaging for pharmaceuticals with capacity for 100 million units. Approval from two drug companies received.
- The report recommends the stock as a potential multibagger, setting a target price significantly higher than the current market price.
Aurobindo Pharma Ltd is an Indian pharmaceutical company with a market capitalization of Rs. 54543.9 million. The equity research report from Saral Gyan Capital Services provides an overview of the company, recent developments, financial performance, investment rationale, and risks. Key points include Aurobindo generating over 70% of its revenues from international markets, guidance for 15-20% revenue growth in the US market, and plans to aggressively file 25 ANDAs per year to drive future growth. The report recommends Aurobindo Pharma as a buy with a 12-18 month target price of Rs. 275 per share.
Bambino Agro Industries Ltd is a leading producer of vermicelli in South Asia, with a household name in India. It has four manufacturing units across India equipped with modern facilities. The company focuses on R&D to develop new product lines and maintains stringent quality control. It has a large distribution network across India as well as exporting to various international markets. The report provides an overview of the company's background and operations, and recommends the stock as a potential investment.
Reliance Industries Limited is India's largest private sector company with major operations in energy, petrochemicals, textiles, natural resources and telecommunications. It has a dominant position in India's oil and gas sector as the country's largest private operator with over 100,000 square kilometers of exploration acreage. Reliance is also India's largest private power producer and owns the country's largest petroleum retail network. The company has a consistent track record of growth over the past decades and is well positioned for further expansion in India's major growth sectors.
How to Start a Paint Manufacturing Industry (Decorative Paint & Acrylic Emuls...Ajjay Kumar Gupta
Paint is any liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. Paint can be made or purchased in many colors—and in many different types, such as watercolor, synthetic, etc. Paint is typically stored, sold, and applied as a liquid, but dries into a solid.
See more:
http://goo.gl/ehi8hY
http://goo.gl/DTyMUs
http://goo.gl/wqZ72T
http://www.entrepreneurindia.co
Tags
Acrylic Emulsion Paint Manufacturing, best small and cottage scale industries, Decorative Paint Manufacturing, Detailed Project Report on paint production, Download free project profiles on Paint Manufacturing, emulsion paint manufacturing process, Feasibility report on paint production, feasibility study on paint production, Free Project Profiles on Paint Manufacturing, How paint is made - manufacture, making, used, components, composition, product, industry, machine, How to make paint and build your own factory, How to Manufacture Paint - Paint Formulation and Process, How to start a successful Paint business, How to Start Paint Manufacturing Industry in India, How to Start Paint Production Business, Indian paint industry, Make Millions from Paint Production, Manufacturing Paint and Coatings, Most Profitable Paint Manufacturing Business Ideas, New small scale ideas in Paint Manufacturing industry, Paint Based Small Scale Industries Projects, paint factory project, Paint Industry project, Paint Making Small Business Manufacturing, Paint manufacturing Business, paint manufacturing equipment, Paint Manufacturing Industry in India, paint manufacturing plant cost, paint manufacturing plant layout, paint manufacturing plant project report, paint manufacturing process, paint manufacturing process flow chart, Paint Manufacturing Projects, Paint Manufacturing, Paint Market - Industry Trends, Paint Production Business, paint production process, paint production technology, Pre-Investment Feasibility Study on paint production, Process of paint production, profitable small and cottage scale industries, Profitable Small Scale Paint Manufacturing, Project on the Paint Industry, project profile on acrylic paints, Project profiles on paint production, project report on paint industry, Project Report on Paint Manufacturing, project report on Paint Manufacturing industries, project report on paint manufacturing pdf, project report on paint production, project work on paint production, raw materials used in paint manufacturing, report on paint production, setting up a paint factory, Setting up and opening your Paint Business, Small Scale Paint Manufacturing Projects, Starting a Paint Manufacturing Business, Techno-Economic feasibility study on Paint Manufacturing, To Set Up a Paint Production Plant, water based paint manufacturing process
Exclusive coverage cooperation pumps valves and systems magazine balmer lawrieBalmerLawrie
Balmer Lawrie & Co. Ltd. is a 154-year-old Indian conglomerate with six business units including logistics, travel and vacations, industrial packaging, greases and lubricants, chemicals, and refinery and oil field services. It has a greases and lubricants manufacturing facility in Kolkata that produces greases, lubricants, and specialties using pumps, valves, and other equipment. Maintaining these is important for smooth operations and quality production. The facility has various certifications and follows quality control procedures.
Balmer Lawrie is a diversified public sector company serving manufacturing and services. To participate in Digital India, the company is using IT to enhance transparency, encourage e-procurement, and make transactions cashless. Most recruitment is also done online. The company's logistics services allow real-time container tracking and its travel portal offers booking services. Balmer Lawrie plans to invest in digitization over the next few years to achieve growth objectives and reach more customers digitally.
Sitara Chemical Industries Ltd is a Pakistani chemical manufacturer founded in 1981. It produces chemicals like caustic soda, chlorine, and fertilizers. The document discusses the company's vision, mission, businesses, objectives, financial ratios analyzing liquidity, activity, profitability, and solvency. It also presents a SWOT analysis and recommendations to increase production capacity, product lines, and provide online customer services. The ratio analysis shows some ratios decreased or increased compared to the previous year. Overall, the company has a strong market position but needs measures to maintain its profitability.
Extensive Coverage of Balmer Lawrie in Business India, January EditionBalmerLawrie
1) Balmer Lawrie abandoned plans for a logistics hub project in West Bengal after failing to secure land from the state government. It is now pursuing a larger logistics hub project in partnership with Visakhapatnam Port Trust in Andhra Pradesh.
2) Balmer Lawrie is expanding its existing container freight station facilities in Mumbai, Chennai, and Kolkata. It is also growing its inland logistics operations in Coimbatore. Future growth in Chennai is expected to outpace Kolkata, which has traditionally been its home base.
3) Balmer Lawrie is considering spinning off its barrel manufacturing business within the next two years in order to unlock value and pursue new opportunities in
This document provides an investment recommendation for Mazda Ltd stock for April 2012. It summarizes Mazda's business operations, financial performance, and valuation. Mazda operates an engineering division that designs vacuum and evaporator systems, as well as a small foods division. Despite economic challenges, Mazda has grown revenues by 10-15% annually and maintained high profit margins and returns on equity. The document recommends buying Mazda stock within a price range, noting the company's strong cash position, profitable operations, and conservative management.
- Kajaria Ceramics is the largest ceramic tile manufacturer in India with a capacity of 54.1 million square meters across seven plants.
- The company plans to expand capacity by 20.5 million square meters to 67.1 million square meters by FY2016 through brownfield expansion and new plants, which will drive revenue growth of 22% annually through FY2017.
- Higher sales of value-added products and new plants for sanitary ware and faucets will increase realizations and support margin expansion.
Ratio Analysis of the Sitara Chemical Industries Ltd.
In this content there have a different ratio analysis is Incoem statment ratio analysis, balance sheet ratio analysis, liquidity ratio analysis, cash ratio analysis, longterm ratio analysis and some more ratio analysis.
All complete detail of the company will make helpful.
The document summarizes a presentation on project finance for the Paradip-New Sambalpur-Raipur-Ranchi Pipeline (PRRPL) and the financial analysis of Indian Oil Corporation (IOCL) and its pipeline division. It includes details on the research methodology, industry and company profiles, the pipeline division, project finance assessment of PRRPL, financial analysis of IOCL and the pipeline division, contributions of the pipeline division, recommendations, and learnings.
Media & analyst webcast presentation Royal Dutch Shell first quarter 2012 res...Shell plc
Simon Henry, Chief Financial Officer of Royal Dutch Shell plc will host two audio webcasts of the First quarter 2012 results on Thursday April 26, 2012.
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
This document provides an overview of working capital management at Oil and Natural Gas Corporation (ONGC). It includes a project report submitted for a Masters in Management Studies covering ONGC's company profile, methodology, concepts of working capital, factors determining working capital requirements, working capital policy, current assets and liabilities management, ratio analysis, and suggestions. The report analyzes trends in ONGC's working capital over 5 years from 2004-2005 to 2008-2009 and finds that due to the nature of its oil and gas exploration and production business, ONGC requires substantial working capital investments and proper management of current assets and liabilities.
Measurement of performance of bharti airtel by using different ratiosPartha Pratim Mahanta
This document is a project report analyzing the performance of Bharti Airtel Ltd using accounting ratios. It calculates liquidity, leverage, activity, and profitability ratios for Bharti Airtel using data from their 2010 and 2011 annual reports. The summary finds that while Bharti Airtel's long-term solvency remains strong, its liquidity, profitability, and overall financial position declined slightly from 2010 to 2011 according to the ratios.
The document provides an introduction and overview of CEAT Tyre Ltd. CEAT is an Indian company that manufactures and sells tires. It was established in 1958 and is part of the RPG Enterprises group. CEAT produces tires for vehicles such as trucks, buses, cars, motorcycles and more. It exports to over 110 countries. The company's sales and profits have increased over the last five years, with sales doubling from 2007 to 2012, though it reported a loss in 2010-11. The comparative balance sheets and profit and loss statements show the company's financial performance over the years.
ONGC is India's largest oil and gas company established in 1956 with a vision to be a world-class energy company. It has over 34,000 employees and revenue of $24 billion in 2008. To diversify risk away from its core upstream business and obsolete technology, ONGC acquired MRPL in 2002 and invested in downstream refining and retailing. It also expanded globally through acquisitions and grew production in India through new technology and financial restructuring.
Valuation of RIL has been done by anlaysing past 5-Years performance and projecting in future for 3-Years its - Revenues, Net Income, EBIT, EBITDA, EPS, DPS, Share price.Equity Value / Enterprise Value has been estimated for RIL
Sri Lanka's economy expanded by 7.9% in the first quarter of 2012, compared to 8.0% growth in the same period the previous year. Agriculture, forestry and fishing grew by 11.5%, industry by 10.8%, and services by 5.8%. Exports declined by 3.1% in January to April 2012 compared to the same period in 2011, with agricultural exports down 11.8% and industrial exports down 4.3%. Imports increased by 11.9% over the same period.
Working capital management at kirloskar pneumatics co. ltd. by rajesh menon randyshiva
The document is a project report on working capital management at Kirloskar Pneumatic Co. Ltd. It includes an acknowledgements section, index, executive summary, objectives, company profile, theoretical background, research methodology, data analysis, findings, and recommendations. The executive summary provides key details about the company, including that it was established in 1958 and manufactures air compressors, pneumatic tools, air conditioning equipment, and hydraulic transmission equipment. It also summarizes that the project studied the company's working capital management over 2 months using interviews, company records, and annual reports.
Working capital management at kirloskar pneumatics co. ltd. by rajesh menon suresh_35
1) The document is a project report on working capital management at Kirloskar Pneumatic Co. Ltd. It discusses various aspects of working capital including definitions, importance, planning, and the working capital cycle.
2) Key aspects covered include defining working capital as current assets minus current liabilities, importance of maintaining sufficient but not excessive working capital, and how working capital is tied to the operating cycle as it relates to inventory, receivables, and payables.
3) The report also provides an overview of Kirloskar Pneumatic, discusses various product lines, and analyzes various financial metrics as part of evaluating the company's working capital management.
Working capital management at kirloskar pneumatics co. ltd. by rajesh menon Pinnam Mallikarjuna
1) The document is a project report on working capital management at Kirloskar Pneumatic Co. Ltd. It discusses various aspects of working capital including definitions, importance, planning, and the working capital cycle.
2) Key aspects covered include defining working capital as current assets minus current liabilities, importance of maintaining sufficient but not excessive working capital, and how working capital is tied to the operating cycle as it relates to inventory, receivables, and payables.
3) The report also provides an overview of Kirloskar Pneumatic, discusses various product lines, and analyzes various financial metrics as part of evaluating the company's working capital management.
The document is a project report on working capital management at Kirloskar Pneumatic Co. Ltd. It includes an acknowledgements section, index, executive summary, objectives, company profile, theoretical background, research methodology, data analysis, findings, and recommendations. The executive summary provides key details about the company, including that it was established in 1958 and manufactures air compressors, pneumatic tools, air conditioning equipment, and hydraulic transmission equipment. It also summarizes that the project studied the company's working capital management over 2 months using interviews, company records, and annual reports.
Genting Bhd is a Malaysian conglomerate with key businesses in leisure and hospitality through its subsidiaries Genting Malaysia and Genting Singapore. The document provides an overview of the tourism industry trends benefiting the company, details on the company's business segments and geographic reach, and financial analysis of its income statement, balance sheet, and cash flows for FY2018. Key highlights include revenue growth driven by higher visitor arrivals to Singapore and Malaysia, and net profits impacted by impairment losses. The company has a strong cash position and low debt levels providing flexibility to fund future expansion plans.
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
The Group of Ministers has approved a draft mining bill that would require coal miners to share 26% of profits with local communities and mining companies for other resources to pay an amount equal to 100% of royalties. The bill is expected to lower earnings per share for mining companies by 2-17% depending on the company. While the new bill is not as bad as the original draft, it will still likely negatively impact company profits.
Vedanta presentationatcreditsuisseconferenceseptember2012Vedanta Group
The document is a presentation from Vedanta Resources PLC at the Credit Suisse Global Steel & Mining Conference in London in September 2012. It provides highlights on Vedanta's portfolio of large, low-cost assets with long mine lives, its strong financial profile and consistent profitability, and its focus on delivering industry-leading production growth through projects. It also discusses Vedanta's priorities of further growth, reserves additions, simplifying its group structure, and reducing debt.
The document provides information about Oil and Gas Development Company Limited (OGDCL). Some key points:
- OGDCL is Pakistan's largest exploration and production company, engaged in drilling and production of oil and gas.
- It has increased production targets for gas and oil in fiscal year 2015 through adding new licenses and rigs.
- The company aims to become a leading multinational E&P firm through increasing domestic and international exploration while utilizing strategic alliances.
- OGDCL conducts SWOT and competitive analyses to evaluate its position and identify areas of strength and improvement.
This document provides an equity research report on Kabra Extrusiontechnik Ltd, which manufactures plastic extrusion machinery. The report discusses the company's background and operations, recent developments including increased stake by promoters and partnership extensions, financial performance with rising net profits in the most recent quarter, and recommends the stock as a potential investment with a target price implying upside of over 100% within 12-24 months. Key risks mentioned include potential slowdown in the plastics industry.
This document recommends buying shares of NIIT Ltd, an Indian IT training company, based on its current undervaluation. It presents the stock's current price and target price with a potential 16.5% upside over 90 days. It includes charts comparing the stock and index returns over the last year and technical support and resistance levels. It also provides the company's quarterly financial results and basis for the recommendation, which is based on technical analysis. The document disclaims any warranty or liability for investment decisions based on its content.
This document recommends buying shares of Praj Industries Ltd, an Indian engineering company, for potential short-term gains within 90 days. It provides the stock's current price and target price, along with technical analysis showing resistance and support levels. Financial data for the past four quarters demonstrates overall growth in sales, net profit, and earnings per share. The recommendation is based on this technical and fundamental analysis showing the stock is undervalued and has upside potential for investors.
This document recommends buying shares of Dhampur Sugar Mills Ltd, an Indian sugar company, based on its current undervaluation. The stock price is 117.10 rupees but the target price over the next 90 days is 139 rupees, representing an 18.7% upside potential. Recent financial data is presented showing the company's quarterly revenues, expenses, profits, and other details. A technical analysis indicates the stock price supports and resistances in the near term. The recommendation is to buy this stock to benefit from short-term gains over the next 3 months.
- Radico Khaitan Ltd is recommended as a short-term buy based on its current market price of 323.45 and target price of 380, representing potential upside of 17.5%.
- Over the last year, Radico Khaitan's stock returns were 84.8% compared to 3.3% for the Nifty index. Resistance levels are seen at 350 and 372, with support at 315 and 300.
- Quarterly financial results show rising sales, profits and EPS over the past four quarters on a year-over-year basis.
This document provides a stock recommendation for Radico Khaitan Ltd, an Indian beverage company. It recommends buying the stock with an expected 17.6% upside potential within 90 days. The stock analysis is based on the company's financial performance, quarterly results, current market price of Rs. 353 compared to a target price of Rs. 415, and technical analysis showing support and resistance levels. The document discloses its independent equity research status and disclaimer.
The document recommends buying shares of Capital First Ltd for short-term gains within 90 days. It provides the stock's current and target prices, market capitalization, P/E ratio, and other financial details. The quarterly financial results are shown, along with a comparative chart showing Capital First's returns have outperformed the Nifty index over the last year. Technical analysis forms the basis for the recommendation to buy the stock.
This document recommends buying shares of India Glycols Ltd, an Indian chemicals company, for potential short-term gains of 16.7% over the next 90 days. It provides the company's current stock price and target price, as well as comparative charts showing India Glycols' strong stock performance versus the broader market in the last year. Financial data for the past four quarters show increasing sales and profits. The recommendation is based on technical analysis indicating the stock price may rise further.
Waterbase Ltd is an aquaculture company headquartered in Chennai that manufactures shrimp feed and processes farmed shrimp for export. The company has recently received approval to merge Pinnae Feeds Ltd, which manufactures shrimp feed, to expand production capacity. Waterbase was also awarded the 2016 India Shrimp Feed Industry New Product Innovation Leadership Award. Financially, Waterbase reported a profit of Rs. 0.82 crore for the quarter ending March 2017 compared to a loss of Rs. 1.73 crore in the previous year, with sales rising 12.05% to Rs. 62.50 crore.
This document recommends buying shares of Edelweiss Financial Services Ltd for short-term gains over the next 90 days. It provides analysis showing the stock's current price and target price indicate a potential 16.9% upside. Charts show the stock has outperformed the broader market index by over 100% in the past year. The company's most recent quarterly financial results are also summarized, showing increases in total income, net profit, and earnings per share compared to the same period last year. The recommendation is based on technical analysis indicating the stock is currently trading below resistance levels and has support levels that suggest limited downside risk over the recommendation period.
The document recommends buying shares of Vedanta Ltd, an Indian natural resources company. It is currently trading at Rs. 249.05 per share and has an upside potential of 17.2% to reach the target price of Rs. 292 within 90 days. Vedanta has significantly outperformed the broader market in returns over the past year. The recommendation is based on technical analysis and the company's strong financial performance in recent quarters with rising revenues, profits, and earnings per share.
SpiceJet Ltd stock is recommended as a buy for short term gains within 90 days. At a current price of Rs. 102.25 per share, the target price is Rs. 120 per share, representing an upside potential of 17.4%. Technical analysis indicates support levels of Rs. 97 and Rs. 90 per share, and resistance levels of Rs. 108 and Rs. 115 per share. Over the past year, SpiceJet stock has significantly outperformed the broader market with returns of 49.8% compared to 16.4% for the Sensex.
This report provides an analysis of Sterling Tools Ltd, an Indian manufacturer of high tensile cold forged fasteners for the automotive industry. The company has outperformed peers with strong revenue growth of 9-14% in recent quarters due to growth in automotive sales. The report recommends the stock as a potential multibagger, setting a target price of Rs. 1400 based on projected revenue increases of 5-10% annually over the next 2 years from continued automotive sector expansion. Key risks include any slowdown in the automotive industry.
Prima Plastics is one of the largest plastic moulded furniture manufacturers in India with a market share of around 6%. The company exports to countries in Africa, Americas, and the Middle East. It has two manufacturing plants in India and a 50% joint venture in Cameroon, Africa. Prima Plastics is expanding its manufacturing capacity in India and Africa to meet growing demand. The company is also exploring setting up a new joint venture in Central America to expand its international reach. In the past, Prima Plastics diversified into aluminum composite panels but later closed this division due to challenges.
The document provides an equity research report on Coral Laboratories Ltd, an Indian pharmaceutical company. It discusses the company's background and product portfolio, recent developments, financial performance, peer comparison, risks, and the analyst's recommendation of the stock as a potential multibagger investment over the next 12-24 months with a target price of Rs. 1100. The report analyses Coral Labs' manufacturing facilities, leadership, export markets, and range of generic drug products across various therapeutic segments.
Saral Gyan - 15% @ 90 Days - March 2017SaralGyanTeam
City Union Bank stock is recommended as a buy for short term gains within 90 days. The stock price is currently Rs. 143.95 but is predicted to rise to Rs. 168, a potential upside of 16.7%. Quarterly results show the bank has experienced rising revenues, profits, and EPS over the past year. Technical analysis further supports the stock reaching resistance levels that justify the price target. However, investors are advised to make independent decisions as this is an independent equity research report and not a solicitation.
The document recommends buying shares of Capital First Ltd, an Indian financial services company. It predicts the stock price will rise 16.2% within 90 days based on technical analysis showing the stock has outperformed the market over the last year and supports and resistances. Financial results for the past four quarters are provided, showing increasing revenue and profit. The recommendation is to purchase the stock for short-term gains of 15% over the next 90 days based mainly on technical analysis of past stock performance.
This document recommends buying shares of Gujarat Alkalies & Chemicals Ltd. for short term gains within 90 days. It provides the company's current stock price and target price with an upside potential of 16.5%. Technical analysis indicates resistance and support levels. Financial data for the past quarters show increasing sales, profits, and earnings per share. The recommendation is based on this financial and technical analysis.
The document recommends buying shares of City Union Bank Ltd. for potential short-term gains of 16.5% over the next 90 days. It notes that the stock's current price is 144.20 rupees per share with a target price of 168 rupees. Recent quarterly financial results for the bank are also presented, showing growth in interest income, net profits, and basic earnings per share over the past four quarters. The recommendation is based on technical analysis showing the stock's resistance and support levels as well as its strong 62.2% return over the past year compared to a 4.8% return for the Nifty index.
This report provides an equity research analysis of Zenith Fibres Ltd., a manufacturer of polypropylene staple fibre (PPSF) in India. The report discusses the company's background, recent developments in the textiles industry, financial performance over the last 6 quarters, peer comparison, and risks. The report recommends Zenith Fibres as a investment, citing its focus on quality, new product grades, established production base, and debt-free balance sheet. The report predicts steady growth as new initiatives are absorbed.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
1.
EQUITY RESEARCH REPORT
PETRONET LNG LTD BSE CODE: 532522
NSE CODE: PETRONET
Sector/Industry: UTILITIES CMP: Rs. 132.10 (30/04/2011)
Market Cap: 99075 (Million) Target Price: Rs. 185
Date: April 30, 2011 Time Period: 12 – 18 months
Saral Gyan Capital Services
www.saralgyan.in
An Independent Equity Research Firm
2. VALUE PICKS – APR 2011
TABLE OF CONTENT
S.No Content Page No.
1. Company Background 03
2. Financial Performance 06
3. Investment Rationale 09
4. Risk & Concerns 09
5. Future Outlook 10
6. Saral Gyan Recommendation 11
7. Disclaimer 12
-2- SARAL GYAN CAPITAL SERVICES
3. VALUE PICKS – APR 2011
1. Company Background
Petronet LNG is at the forefront of India's all‐out national drive to
ensure the country's energy security in the years to come.
Formed as a Joint Venture by the Government of India to import LNG
and set up LNG terminals in the country, it involves India's leading oil
and natural gas industry players. Our promoters are GAIL (India)
Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian
Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation
Limited (BPCL). The authorized capital is Rs. 1,200 crore ($240
million).
Vision: "To be a key energy provider to the nation by leveraging company’s unique
position in the LNG value chain alongwith an international presence."
Mission
• Create and manage world class LNG infrastructure
• Pursue synergetic business growth opportunities
• Continue excellence in LNG business
• Maximize value creation for the stakeholders
• Maintain highest standards of business ethics and values
LNG
The very concept of Liquefied Natural Gas (LNG) is a response to the inefficiency of
natural gas pipelines and the technical and economic problems of running pipelines over
long distances.
If natural gas is cooled at minus 160.5° C, it becomes liquid and more compact, occupying
just 1/600th of the gaseous volume. This is because most of the heavier hydrocarbons are
removed during liquefaction.
The cargo that is transported in bulk by sea is predominantly methane (over 80%) — a
colourless, odourless, transparent liquid which is non‐toxic, non‐corrosive and less dense
than water. As LNG is highly volatile, specialist operators are involved in its transportation.
-3- SARAL GYAN CAPITAL SERVICES
4. VALUE PICKS – APR 2011
Primary LNG Project / Chain Components are:
i. Upstream development of long‐term natural gas supply for feed gas to an LNG
plant
ii. Downstream development of liquefaction , storage and loading facilities
iii. Marine transportation
iv. Downstream development of receiving terminals for regasification and pipeline
transportation to market
Applications of LNG
Natural Gas is not only efficient, clean, eco‐friendly and flexible in control, it meets many
of the fuel requirements of modern industrial society. LNG's main applications are:
Electricity generation : Fuel for base load and combined cycle/ co‐generation power
plants.
Public and commercial : This clean fuel, which is cheaper than LPG, can be used as piped
gas for households. In the West, most household consumption is accounted for by piped
gas, whose use is increasing rapidly
Industrial : Industrial : Under boiler fuel for steam raising and heating applications.
Alternative motor fuel to diesel : The use of natural gas as fuel for automobiles is
increasing rapidly as it is 30 to 40% more efficient and much cleaner than traditional fossil
fuels. With only one carbon and four hydrogen atoms per molecule, it is the most eco‐
friendly option and is gaining increasing relevance in the age of Global Warming and
Climate Change.
Petrochemicals : Several vital chemical products, e.g. methanol, can be derived from
natural gas.
-4- SARAL GYAN CAPITAL SERVICES
5. VALUE PICKS – APR 2011
LNG Sourcing
• 7.5 MMTPA sourced through
Long Term Contract with
RasGas, Qatar with back to
back sales arrangement with
GAIL, IOCL & BPCL.
• 1.44 MMTPA LNG tied up from
Exxon Mobil’s Gorgon Venture
in Australia.
• Additional LNG being sourced through Spot /Short Term Contracts & sold to
Offtakers/ Bulk Buyers.
LNG Supply: Truck Loading
• Truck Loading facility at Dahej
terminal was commissioned in
August 09, 2007 as a Pilot
Project.
• Currently about 4‐5 trucks are
loaded on daily basis & total of
around 2000 trucks have been
loaded till date.
• Facility can handle 2500
loadings / Yr.
• Presently LNG (by road tanker) is being sold to limited consumers in Western
region.
• Fast developing market with several new consumers (up to 800 KMS) are being
lined up for off‐take of LNG for industrial and city gas use.
Direct Marketing:
Petronet plans to foray into Direct Marketing by focusing on the following areas:
• Entered into direct RLNG marketing by signing HOA with bulk end consumer in
Power producers, Industrial consumers , Fertilizers Producers etc
• LNG/LCNG i.e. LNG through Trucks and supplies at LNG hubs, customer’s premises
in regions not serviced by pipelines.
• LNG/RLNG trading on International and domestic platform
-5- SARAL GYAN CAPITAL SERVICES
6. VALUE PICKS – APR 2011
2. Financial Performance
Petronet LNG net profit rises 112.03% in the March 2011 quarter
Net profit of Petronet LNG rose 112.03% to Rs. 206.28 crore in the quarter ended March
2011 as against Rs. 97.29 crore during the previous quarter ended March 2010. Sales rose
67.10% to Rs. 3985.97 crore in the quarter ended March 2011 as against Rs. 2385.45 crore
during the previous quarter ended March 2010.
FY 2009‐2010 Result Updates:
For the audited full year, net profit rose 53.18% to Rs. 619.62 crore in the year ended
March 2011 as against Rs. 404.50 crore during the previous year ended March 2010. Sales
rose 23.93% to Rs. 13197.29 crore in the year ended March 2011 as against Rs. 10649.09
crore during the previous year ended March 2010
Last 6 Quarters Net Sales & Profit
4,500.00
3,985.97
4,000.00
3,627.64
3,500.00
3,057.72
3,000.00
Rs in Crores
2,525.96
2,500.00 2,244.59 2,385.46
2,000.00
1,500.00
1,000.00
500.00 206.28
83.21 97.29 111.37 131.12 170.84
0.00
1 2 3 4 5 6
Net Sales 2,244.59 2,385.46 2,525.96 3,057.72 3,627.64 3,985.97
Net Profit 83.21 97.29 111.37 131.12 170.84 206.28
Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11
-6- SARAL GYAN CAPITAL SERVICES
7. VALUE PICKS – APR 2011
Current & Expected Earnings:
Income Statement (Rs m)
Year End March 2010 2011 2012E 2013E
Net Revenue 106,491 131,973 183,608 286,337
Raw Material Expenses 96,648 118,012 167,855 264,470
Gross Profit 9,843 13,961 15,753 21,866
Employee Cost 204 306 266 412
Other Expenses 1,174 1,493 1,567 1,645
EBITDA 8,465 12,163 13,920 19,809
Depr. & Amortization 1,609 1,847 1,879 3,932
Net Interest 1,839 1,931 2,030 3,515
Other Income 978 680 850 1,000
Profit before Tax 5,995 9,064 10,860 13,362
Total Tax 1,950 2,868 3,608 4,438
Profit after Tax 4,045 6,196 7,253 8,923
Ex‐Od items / Min. Int. — — — —
Adj. PAT 4,045 6,196 7,253 8,923
Avg. Shares O/S (m) 750.0 750.0 750.0 750.0
EPS (Rs.) 5.4 8.3 9.7 11.9
Key Financial Metrics
Year End March 2010 2011 2012E 2013E
Growth
Revenue (%) 26.3 23.9 39.1 56.0
EBITDA (%) (6.1) 43.7 14.4 42.3
PAT (%) (22.0) 53.2 17.1 23.0
EPS (%) (22.0) 53.2 17.1 23.0
Profitability
EBITDA Margin (%) 7.9 9.2 7.6 6.9
PAT Margin (%) 3.8 4.7 4.0 3.1
RoCE (%) 11.7 14.5 13.5 14.9
RoE (%) 19.2 25.2 24.6 25.1
Balance Sheet
Net Debt : Equity 1.0 1.0 1.1 0.7
Net Working Cap. (days) (2) 1 2 2
Valuation
PER (x) 25.3 16.5 14.1 11.5
P / B (x) 4.6 3.8 3.2 2.6
EV / EBITDA (x) 14.6 10.6 9.9 6.5
EV / Sales (x) 1.2 1.0 0.7 0.4
Earnings Quality
Eff. Tax Rate 32.5 31.6 33.2 33.2
Other Inc / PBT 16.3 7.5 7.8 7.5
Eff. Depr. Rate (%) 4.5 5.1 5.2 5.2
FCFE / PAT (126.6) 168.9 256.2 (299.4)
Source: Saral Gyan Research.
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8. VALUE PICKS – APR 2011
Quarterly Financials (Rs million)
Year End March Q1FY11 Q2FY11 Q3FY11 Q4FY11
Net Revenue 25,260 30,577 36,276 39,860
EBITDA 2,477 2,716 3,456 3,513
% of revenue 9.8 8.9 9.5 8.8
Depr. & Amortization 461 466 465 455
Net Interest 498 495 507 431
Other Income 126 186 54 314
Profit before Tax 1,644 1,941 2,538 2,941
Total Tax 530 630 830 878
Profit after Tax 1,114 1,311 1,708 2,063
Adj. PAT 1,114 1,311 1,708 2,063
Key Operating Metrics
Year End March 2010 2011 2012E 2013E
Contracted Sales (TBTUs) 280.5 378.6 374.7 374.7
Spot LNG (TBTUs) 103.9 36.2 81.6 126.4
EBITDA/MMBTU 21.2 27.7 28.0 31.2
Source: Saral Gyan Research.
-8- SARAL GYAN CAPITAL SERVICES
9. VALUE PICKS – APR 2011
3. Investment Rationale
i) Petronet LNG has signed deals to source 1.1mt of LNG annually for the next two
financial years. These volumes are on top of 7.5 million tonne per year LNG that the
company will get from RasGas.
ii) While the Kochi terminal is on course to commence operation towards the end of FY13,
Petronet is also evaluating viability for setting up of a regasification terminal on the east
coast.
iii) The company has already spent Rs 900 crores for its capex plan while it further plans Rs
1000‐1200 crore in FY 12.
iv) The company has registered excellent numbers for the quarter ending March 2011.
Revenues surged 112% from a year ago quarter to stay at Rs 39859.7 as against 23854.5
million during the previous quarter ended March 2010. Rise in volumes coupled with
higher realizations brought back the company on a growth trajectory. Net profit of the
company skyrocketed from Rs 972.9 million clocked in Q4FY10 to Rs 2062.8 million in
Q4FY11. EPS stood at Rs 2.75 climbing sharply from Rs 1.3 in Q4FY10.
v) Petronet LNG has reported robust volumes and earnings growth as it benefited from
the reduced domestic natural gas production during last two quarters. Latent demand and
pipeline expansions has helped rise in volume along with some reduction in domestic gas
production. It has sold the entire volume tied up through new deals to end consumers.
4. Risk & Concerns
Decrease in volumes can put pressure on the margins.
Any significant downturn in the LNG demand will impact Petronet LNG earnings
negatively.
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10. VALUE PICKS – APR 2011
5. Future Outlook
Sector wise projected Gas demand in India:
India’s Current Demand (Optimistic) – Domestic Supply Scenario:
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11. VALUE PICKS – APR 2011
6. Saral Gyan Recommendation
As per our estimates, Petronet LNG can deliver a turnover of Rs 183,608 million
and PAT of Rs 7,253 million, resulting in EPS of Rs 9.7 in FY 2011‐12. This translates
in a expected PE multiple of 13.6 times based on FY 2011‐12 earnings.
Superior operational performance led by higher volumes and better utilization
rates translated into more than doubling of PAT on YoY basis.
Petronet LNG has recently declared dividend of 20% for financial year 2011.
Dividend yield of Petronet LNG at CMP is 1.32%.
On equity of Rs. 7500 million the estimated annualized EPS works out to Rs. 9.7
and the Book Value per share is Rs. 38.06. At a CMP of Rs. 132.10, stock price to
book value is 3.5.
EBITDA during the quarter stood at Rs3,513 million. However, adjusted for higher
other expenditure during the quarter on account of building a road at Kochi and
painting work at the jetty, EBITDA would have been at Rs3,592 million.
We believe the demand for spot LNG will remain strong in the near term as KG‐D6
gas production remains below 60mmscmd for the next few quarters, directly
benefiting Petronet LNG in terms of better volumes.
Saral Gyan Team recommends “BUY” for Petronet LNG at current market price of 132.10
for a target of Rs. 185 over a period of 12‐18 months.
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