Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
For 2 Days Free Trial, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
For 2 Days Free Trial, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
This document provides an analysis of Tata Motors, India's largest automobile company. It discusses the company's profile, financial performance, and share price movements. The analysis notes that Tata Motors has a leading position in commercial vehicles in India and is among the top three in passenger vehicles. It also summarizes the company's balance sheet figures, fundamental views on operations and outlook, and provides a technical analysis of the stock price.
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
For 2 Days Free Trial, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
This document contains Discounted cash flow (DCF) analysis of NTPC which tells future free cash flow projections and discounts them (most often using the weighted average cost of capital) to arrive at a present value, which is used to evaluate the potential for investment. If the value arrived at through DCF analysis is higher than the current cost of the investment, the opportunity may be a good one.
Note:
1) The figures of Balance Sheet, Profit and Loss and Cash Flow Statements are in crores.
2) For reference XL sheet is attached in this document ,where it included all the calculations to arrive Discounted Cash Flow of NTPC.
Bharti Airtel is India's largest telecommunications services provider with over 330 million subscribers. The document analyzed Airtel's financial performance through ratio analysis and discussed its history, industry, revenues, profits, and growth over time. Airtel has grown significantly since its inception in 1995, increasing its subscriber base from 42 million in 2007 to over 619 million in 2011 with a market share of around 33%. The analysis showed Airtel has strong and consistent financial performance with increasing revenues, profits, and overall growth over the years.
Energy East Corporation announced its first quarter 2008 financial results, reporting earnings per share of 84 cents, down from 90 cents in the first quarter of 2007. For the 12 months ended March 31, 2008, earnings per share were $1.59, lower than $1.77 for the same period in 2007. The decrease in first quarter earnings was primarily due to a reduction in electric margins and higher average shares outstanding, partially offset by increases in gas margins and a lower effective tax rate.
1) The CEO discusses Bharti Airtel's expansion into Africa in June 2010, which transformed the company into a truly global operator covering over 1.8 billion people across South Asia and Africa.
2) In the past year, Airtel focused on preparing its operations across 16 African countries for long-term growth on the continent, which presents immense opportunities.
3) While Africa poses challenges like high costs and lack of infrastructure, Airtel is addressing these challenges proactively and seeing positive results as it works towards its 2015 vision of being "the most loved brand" across Africa.
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
For 2 Days Free Trial, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
This document provides an analysis of Tata Motors, India's largest automobile company. It discusses the company's profile, financial performance, and share price movements. The analysis notes that Tata Motors has a leading position in commercial vehicles in India and is among the top three in passenger vehicles. It also summarizes the company's balance sheet figures, fundamental views on operations and outlook, and provides a technical analysis of the stock price.
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
Our research is based around these services:
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
For 2 Days Free Trial, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
This document contains Discounted cash flow (DCF) analysis of NTPC which tells future free cash flow projections and discounts them (most often using the weighted average cost of capital) to arrive at a present value, which is used to evaluate the potential for investment. If the value arrived at through DCF analysis is higher than the current cost of the investment, the opportunity may be a good one.
Note:
1) The figures of Balance Sheet, Profit and Loss and Cash Flow Statements are in crores.
2) For reference XL sheet is attached in this document ,where it included all the calculations to arrive Discounted Cash Flow of NTPC.
Bharti Airtel is India's largest telecommunications services provider with over 330 million subscribers. The document analyzed Airtel's financial performance through ratio analysis and discussed its history, industry, revenues, profits, and growth over time. Airtel has grown significantly since its inception in 1995, increasing its subscriber base from 42 million in 2007 to over 619 million in 2011 with a market share of around 33%. The analysis showed Airtel has strong and consistent financial performance with increasing revenues, profits, and overall growth over the years.
Energy East Corporation announced its first quarter 2008 financial results, reporting earnings per share of 84 cents, down from 90 cents in the first quarter of 2007. For the 12 months ended March 31, 2008, earnings per share were $1.59, lower than $1.77 for the same period in 2007. The decrease in first quarter earnings was primarily due to a reduction in electric margins and higher average shares outstanding, partially offset by increases in gas margins and a lower effective tax rate.
1) The CEO discusses Bharti Airtel's expansion into Africa in June 2010, which transformed the company into a truly global operator covering over 1.8 billion people across South Asia and Africa.
2) In the past year, Airtel focused on preparing its operations across 16 African countries for long-term growth on the continent, which presents immense opportunities.
3) While Africa poses challenges like high costs and lack of infrastructure, Airtel is addressing these challenges proactively and seeing positive results as it works towards its 2015 vision of being "the most loved brand" across Africa.
Bnm analisis financiero banca comercial peru - dic 2000gonzaloromani
This document provides balance sheet data for the commercial banking system in Peru as of December 31, 2000. It shows totals for assets, liabilities, and equity for 14 major banks operating in Peru. Total assets for the banking system were 71.3 billion Nuevos Soles. Nearly half of assets were loans to customers, while deposits accounted for over 60% of liabilities. Equity for the banks totaled 6.8 billion Nuevos Soles. The data provides a snapshot of the size and composition of the Peruvian commercial banking sector at the end of 2000.
The document is Coventry Healthcare's 2006 Annual Report. It discusses Coventry's business strategy and financial performance in 2006. Key points include:
- Coventry organized its business into three divisions - Commercial, Individual/Government, and Specialty - to capitalize on growth opportunities.
- The Commercial division continued strong growth while maintaining industry-leading margins.
- The Individual/Government division saw significant growth from the new Medicare Part D program and expanding Medicaid and individual businesses.
- All divisions performed well financially in 2006, with revenues reaching a record $7.7 billion and earnings continuing to grow.
The document provides an analysis of the environment, Indian telecom industry, and the company Bharti Airtel. It discusses the key government policies that shaped the development of the Indian telecom sector from the 1980s onwards. This included opening up the sector to private players in 1992. The 1994 National Telecom Policy aimed to make telephone services available on demand and achieve universal access. The document also covers TRAI guidelines, industry structures, technologies, growth trends, and provides an overview of Bharti Airtel's business segments and financial performance analysis using various ratios.
This document provides condensed interim consolidated financial statements for Prophecy Coal Corp. for the three and nine month period ended September 30, 2012. It includes statements of financial position, operations and comprehensive loss, changes in equity, and cash flows. Key details include a net loss of $5.1 million for the quarter and $12.2 million for the nine months, as well as total equity of $148.8 million as of September 30, 2012, comprised primarily of share capital and reserves.
This document summarizes Prophecy Coal Corp.'s unaudited condensed interim consolidated financial statements for the three and six month periods ended June 30, 2012. It includes statements of financial position, operations and comprehensive loss, changes in equity, and cash flows. Some highlights are that as of June 30, 2012 the company had over $1.3 million in cash, $71.3 million in mineral properties, and for the six month period ended June 30, 2012 the company had a net loss of over $7 million and comprehensive loss of nearly $10 million.
This document provides condensed interim consolidated financial statements for Prophecy Coal Corp. for the three month period ended March 31, 2012. It includes statements of financial position, operations and comprehensive loss, changes in equity, and cash flows. Key notes provide details on the nature of operations, basis of presentation, acquisitions, segments, cash and investments, property and equipment, accounts payable, share capital, financial instruments, and commitments. The financial statements are unaudited and no auditor review was conducted.
1. The document provides an overview and financial analysis of Reliance Communications Ltd, an Indian telecommunications company.
2. Key financial details from the profit and loss account and balance sheet for 2012-2009 are presented, including revenues, expenses, assets, liabilities, and profit/loss.
3. Financial ratios like current ratio and quick ratio are calculated for each year to analyze the company's liquidity and ability to meet short-term obligations.
This financial review provides operating and financial information for Northeast Utilities (NU) and its subsidiaries through June 30, 2008. Key information includes:
- NU's consolidated revenues for 2007 were $5.822 billion and operating income was $539 million.
- The largest subsidiary, The Connecticut Light and Power Company (CL&P), had revenues of $3.682 billion in 2007 and operating income of $285 million.
- Financial information such as sales, revenues, income, capitalization, debt ratings and dividend payments are presented for NU, CL&P and other subsidiaries from 2007 back to 2003.
This document discusses how Expense Reduction Analysts (ERA) helps private equity firms, portfolio companies, and corporations reduce expenses. ERA introduces portfolio companies to cost savings opportunities and works directly with private equity firms on post-closing projects. ERA's process benchmarks costs, conducts procurement processes, and identifies savings opportunities across various expense categories. ERA achieves an average of 20% savings for clients through renegotiating supplier contracts and benchmarking against industry peers, with savings realized in 91% of projects.
The key points are:
1) Bharti Airtel saw growth in customer base, revenues, and EBITDA but declines in profit during fiscal year 2011-2012.
2) The company made major investments by rolling out 3G networks across India and in seven African markets, and launching 4G services in India.
3) Airtel Money mobile payment service was launched in India and eight African countries.
4) The company restructured its business into B2C and B2B verticals to
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Our research is based around these services :
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
Money CapitalHeight always aim at providing services in accordance with the comfort levels of all traders and investors in stock market ranging from small investors to HNI’s, who trade in vast domain of share market such as Intraday, Index Trading (NIFTY & BANK NIFTY ), Equity Market, F&O, MCX, NCDEX.
For stock tips, mcx tips, commodity tips and equity tips, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950
Bnm analisis financiero comparativo - bnm vs sistema bca comercial nov 2000gonzaloromani
This document compares the financial statements of Banco del Nuevo Mundo and the Peruvian banking system for November 2000, September 2000, and December 1999.
Some key points of comparison:
- Banco del Nuevo Mundo saw decreases in deposits, loans, and total assets from September to November 2000, while the banking system saw smaller decreases or slight increases over the same periods.
- Provisions for loan losses increased at a slower rate for Banco del Nuevo Mundo compared to the banking system from November 1999 to November 2000.
- Net income decreased for Banco del Nuevo Mundo from September to November 2000, while it increased for the banking system
This is a custom media dashboard I've developed for a previous Digital campaign (ROI initiative). It is composed of all pertinent metrics illustrated in a clear transparent format that any client would be enamored.
-- Jason Brown
Fauji Fertilizer and Fatima Fertilizer Annual Reports AnalysisSahir Moiz
The document compares the financial performance and position of Fatima Fertilizer and Fauji Fertilizer over the years 2008-2011. Key metrics analyzed include working capital, current ratio, quick ratio, various turnover ratios, profitability ratios, debt ratios, and total debt to equity ratio. The analysis shows that while both companies have faced financial challenges, Fauji Fertilizer's position and ratios are generally better than Fatima Fertilizer's over this period, indicating Fauji may be the better investment option based on stronger short-term financial stability and profitability.
MF Holdings is a pharmaceutical company that has shown steady profit growth in recent years. It has a low debt level and focuses on exports, which now make up over 50% of revenues. The company supplies generic drugs to global partners and has a portfolio of over 6,000 product registrations worldwide. It has a strong position in segments like asthma treatments and anti-retroviral drugs. MF Holdings is also expanding into biotech through recent acquisitions to diversify its business over the long term.
This document contains condensed consolidated financial statements for Qwest Communications International Inc. for quarters ending March 31, 2004 through December 31, 2006 and years ending December 31, 2004 through 2006. Some key details:
- Operating revenue remained relatively steady between $3.4 billion and $3.5 billion per quarter.
- The company experienced net losses from 2004 through the first three quarters of 2005 but then became profitable again in the fourth quarter of 2005 and throughout 2006.
- Total assets remained between $21 billion and $26 billion over the periods reported.
- Property, plant and equipment was the largest asset, ranging from $14.6 billion to $17.8 billion.
Sales Tax -Significant amendments introduced in Pakistan Budget 2016-17Ghulam Mustafa Qazi
The document summarizes significant amendments being introduced to the Sales Tax Act of 1990 in Pakistan's Federal Budget for 2016-2017. Key points include:
- Increasing the annual turnover threshold for cottage industries to qualify for sales tax exemption from Rs. 5 million to Rs. 10 million.
- Allowing different due dates for filing different parts of sales tax returns to facilitate e-filing and reconciliation of input/output data between vendors and customers.
- Disallowing input tax adjustment on provincial sales tax levied on services.
- Requiring registered persons claiming input tax to ensure their suppliers have declared the sales in their returns or paid the associated sales tax.
- Empowering tax authorities to
The document provides an overview of mergers and acquisitions in India, including:
1) It describes different types of mergers such as horizontal, vertical, congeneric, and conglomerate mergers. It also describes different types of acquisitions such as friendly, hostile, leveraged buyouts, and bailout takeovers.
2) It explains the legal and regulatory process for M&As in India, including the letter of intent, due diligence, transition agreements, representations and warranties in the agreement, and confidentiality agreements.
3) Key steps in the M&A process include negotiating a letter of intent, conducting due diligence, drafting the merger agreement to address issues found in due dilig
Final Year Project Report Of Pgdm 6th Trimestertowardsgoal
This document is a project report submitted by Indra Bhushan to fulfill requirements for a Post Graduate Diploma in Management from Taksila Business School in Greater Noida, India. The report analyzes the impact of mergers and acquisitions on shareholder wealth in the Indian banking sector. It studies four mergers between Indian banks to understand the short-term and long-term effects on share prices around merger announcements and completions. The objective is to understand shareholder wealth effects. Secondary data is used from sources like RBI reports, BSE, and bank websites. The study covers periods around the announcement and completion of mergers between public and private sector banks in India.
Travail 4m General Sale Tax (GST) 2 Goods & Service Tax (GST) in India _ JenaChidananda Jena
Training material on Goods and Service Tax of India is designed keeping the Value Added Tax and General Sales Tax in the background. General tax reforms in major direct and indirect taxes of India are discussed as intruduction. Impact of direct taxation is analyzed with some original concepts and examples. Some of the concepts and most of the examples and computations demonstrated in VAT and GST section are also original of the author.
Bnm analisis financiero banca comercial peru - dic 2000gonzaloromani
This document provides balance sheet data for the commercial banking system in Peru as of December 31, 2000. It shows totals for assets, liabilities, and equity for 14 major banks operating in Peru. Total assets for the banking system were 71.3 billion Nuevos Soles. Nearly half of assets were loans to customers, while deposits accounted for over 60% of liabilities. Equity for the banks totaled 6.8 billion Nuevos Soles. The data provides a snapshot of the size and composition of the Peruvian commercial banking sector at the end of 2000.
The document is Coventry Healthcare's 2006 Annual Report. It discusses Coventry's business strategy and financial performance in 2006. Key points include:
- Coventry organized its business into three divisions - Commercial, Individual/Government, and Specialty - to capitalize on growth opportunities.
- The Commercial division continued strong growth while maintaining industry-leading margins.
- The Individual/Government division saw significant growth from the new Medicare Part D program and expanding Medicaid and individual businesses.
- All divisions performed well financially in 2006, with revenues reaching a record $7.7 billion and earnings continuing to grow.
The document provides an analysis of the environment, Indian telecom industry, and the company Bharti Airtel. It discusses the key government policies that shaped the development of the Indian telecom sector from the 1980s onwards. This included opening up the sector to private players in 1992. The 1994 National Telecom Policy aimed to make telephone services available on demand and achieve universal access. The document also covers TRAI guidelines, industry structures, technologies, growth trends, and provides an overview of Bharti Airtel's business segments and financial performance analysis using various ratios.
This document provides condensed interim consolidated financial statements for Prophecy Coal Corp. for the three and nine month period ended September 30, 2012. It includes statements of financial position, operations and comprehensive loss, changes in equity, and cash flows. Key details include a net loss of $5.1 million for the quarter and $12.2 million for the nine months, as well as total equity of $148.8 million as of September 30, 2012, comprised primarily of share capital and reserves.
This document summarizes Prophecy Coal Corp.'s unaudited condensed interim consolidated financial statements for the three and six month periods ended June 30, 2012. It includes statements of financial position, operations and comprehensive loss, changes in equity, and cash flows. Some highlights are that as of June 30, 2012 the company had over $1.3 million in cash, $71.3 million in mineral properties, and for the six month period ended June 30, 2012 the company had a net loss of over $7 million and comprehensive loss of nearly $10 million.
This document provides condensed interim consolidated financial statements for Prophecy Coal Corp. for the three month period ended March 31, 2012. It includes statements of financial position, operations and comprehensive loss, changes in equity, and cash flows. Key notes provide details on the nature of operations, basis of presentation, acquisitions, segments, cash and investments, property and equipment, accounts payable, share capital, financial instruments, and commitments. The financial statements are unaudited and no auditor review was conducted.
1. The document provides an overview and financial analysis of Reliance Communications Ltd, an Indian telecommunications company.
2. Key financial details from the profit and loss account and balance sheet for 2012-2009 are presented, including revenues, expenses, assets, liabilities, and profit/loss.
3. Financial ratios like current ratio and quick ratio are calculated for each year to analyze the company's liquidity and ability to meet short-term obligations.
This financial review provides operating and financial information for Northeast Utilities (NU) and its subsidiaries through June 30, 2008. Key information includes:
- NU's consolidated revenues for 2007 were $5.822 billion and operating income was $539 million.
- The largest subsidiary, The Connecticut Light and Power Company (CL&P), had revenues of $3.682 billion in 2007 and operating income of $285 million.
- Financial information such as sales, revenues, income, capitalization, debt ratings and dividend payments are presented for NU, CL&P and other subsidiaries from 2007 back to 2003.
This document discusses how Expense Reduction Analysts (ERA) helps private equity firms, portfolio companies, and corporations reduce expenses. ERA introduces portfolio companies to cost savings opportunities and works directly with private equity firms on post-closing projects. ERA's process benchmarks costs, conducts procurement processes, and identifies savings opportunities across various expense categories. ERA achieves an average of 20% savings for clients through renegotiating supplier contracts and benchmarking against industry peers, with savings realized in 91% of projects.
The key points are:
1) Bharti Airtel saw growth in customer base, revenues, and EBITDA but declines in profit during fiscal year 2011-2012.
2) The company made major investments by rolling out 3G networks across India and in seven African markets, and launching 4G services in India.
3) Airtel Money mobile payment service was launched in India and eight African countries.
4) The company restructured its business into B2C and B2B verticals to
Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Our research is based around these services :
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
Money CapitalHeight always aim at providing services in accordance with the comfort levels of all traders and investors in stock market ranging from small investors to HNI’s, who trade in vast domain of share market such as Intraday, Index Trading (NIFTY & BANK NIFTY ), Equity Market, F&O, MCX, NCDEX.
For stock tips, mcx tips, commodity tips and equity tips, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950
Bnm analisis financiero comparativo - bnm vs sistema bca comercial nov 2000gonzaloromani
This document compares the financial statements of Banco del Nuevo Mundo and the Peruvian banking system for November 2000, September 2000, and December 1999.
Some key points of comparison:
- Banco del Nuevo Mundo saw decreases in deposits, loans, and total assets from September to November 2000, while the banking system saw smaller decreases or slight increases over the same periods.
- Provisions for loan losses increased at a slower rate for Banco del Nuevo Mundo compared to the banking system from November 1999 to November 2000.
- Net income decreased for Banco del Nuevo Mundo from September to November 2000, while it increased for the banking system
This is a custom media dashboard I've developed for a previous Digital campaign (ROI initiative). It is composed of all pertinent metrics illustrated in a clear transparent format that any client would be enamored.
-- Jason Brown
Fauji Fertilizer and Fatima Fertilizer Annual Reports AnalysisSahir Moiz
The document compares the financial performance and position of Fatima Fertilizer and Fauji Fertilizer over the years 2008-2011. Key metrics analyzed include working capital, current ratio, quick ratio, various turnover ratios, profitability ratios, debt ratios, and total debt to equity ratio. The analysis shows that while both companies have faced financial challenges, Fauji Fertilizer's position and ratios are generally better than Fatima Fertilizer's over this period, indicating Fauji may be the better investment option based on stronger short-term financial stability and profitability.
MF Holdings is a pharmaceutical company that has shown steady profit growth in recent years. It has a low debt level and focuses on exports, which now make up over 50% of revenues. The company supplies generic drugs to global partners and has a portfolio of over 6,000 product registrations worldwide. It has a strong position in segments like asthma treatments and anti-retroviral drugs. MF Holdings is also expanding into biotech through recent acquisitions to diversify its business over the long term.
This document contains condensed consolidated financial statements for Qwest Communications International Inc. for quarters ending March 31, 2004 through December 31, 2006 and years ending December 31, 2004 through 2006. Some key details:
- Operating revenue remained relatively steady between $3.4 billion and $3.5 billion per quarter.
- The company experienced net losses from 2004 through the first three quarters of 2005 but then became profitable again in the fourth quarter of 2005 and throughout 2006.
- Total assets remained between $21 billion and $26 billion over the periods reported.
- Property, plant and equipment was the largest asset, ranging from $14.6 billion to $17.8 billion.
Sales Tax -Significant amendments introduced in Pakistan Budget 2016-17Ghulam Mustafa Qazi
The document summarizes significant amendments being introduced to the Sales Tax Act of 1990 in Pakistan's Federal Budget for 2016-2017. Key points include:
- Increasing the annual turnover threshold for cottage industries to qualify for sales tax exemption from Rs. 5 million to Rs. 10 million.
- Allowing different due dates for filing different parts of sales tax returns to facilitate e-filing and reconciliation of input/output data between vendors and customers.
- Disallowing input tax adjustment on provincial sales tax levied on services.
- Requiring registered persons claiming input tax to ensure their suppliers have declared the sales in their returns or paid the associated sales tax.
- Empowering tax authorities to
The document provides an overview of mergers and acquisitions in India, including:
1) It describes different types of mergers such as horizontal, vertical, congeneric, and conglomerate mergers. It also describes different types of acquisitions such as friendly, hostile, leveraged buyouts, and bailout takeovers.
2) It explains the legal and regulatory process for M&As in India, including the letter of intent, due diligence, transition agreements, representations and warranties in the agreement, and confidentiality agreements.
3) Key steps in the M&A process include negotiating a letter of intent, conducting due diligence, drafting the merger agreement to address issues found in due dilig
Final Year Project Report Of Pgdm 6th Trimestertowardsgoal
This document is a project report submitted by Indra Bhushan to fulfill requirements for a Post Graduate Diploma in Management from Taksila Business School in Greater Noida, India. The report analyzes the impact of mergers and acquisitions on shareholder wealth in the Indian banking sector. It studies four mergers between Indian banks to understand the short-term and long-term effects on share prices around merger announcements and completions. The objective is to understand shareholder wealth effects. Secondary data is used from sources like RBI reports, BSE, and bank websites. The study covers periods around the announcement and completion of mergers between public and private sector banks in India.
Travail 4m General Sale Tax (GST) 2 Goods & Service Tax (GST) in India _ JenaChidananda Jena
Training material on Goods and Service Tax of India is designed keeping the Value Added Tax and General Sales Tax in the background. General tax reforms in major direct and indirect taxes of India are discussed as intruduction. Impact of direct taxation is analyzed with some original concepts and examples. Some of the concepts and most of the examples and computations demonstrated in VAT and GST section are also original of the author.
What is Central sales Tax ?
When registration under the become compulsory?
What is the rate of Central sales Tax?
What are the due dates for the payment of tax and returns under CST?
What are penalties for default under CST?
Tata Steel is one of the largest steel producers in the world with a presence in over 50 countries. It has a crude steel production capacity of 30 million tonnes annually. The company has expanded significantly through acquisitions in recent years including Corus Group, which expanded its operations in Europe. It is focusing on increasing production capacity in India and securing raw materials globally through investments and joint ventures. The global economic slowdown has impacted steel demand and Tata Steel's financial performance. It is taking steps like cost reductions and production rationalization to address challenges in the current market environment.
The document discusses company analysis and stock valuation. It provides guidance on analyzing a company's competitive strategies, growth potential, management quality, and financials to estimate intrinsic value. Key steps include conducting a SWOT analysis, comparing intrinsic value to market price, and monitoring assumptions to determine when to sell. The overall aim is to identify undervalued stocks by focusing on long-term prospects and downside protection.
Merger & Acquisition of HDFC Bank with Centurian Bank of PunjabRohan Solanki
The slides show the details of the largest merger in Indian banking sector between HDFC Bank and CBoP.
The benifits and the side effects of the merger are also highlighted in the following presentation
The document is a project report on mergers and acquisitions in the banking sector of India. It includes an abstract, introduction, objectives, scope and coverage, literature review, research methodology, and conceptualization of mergers and acquisitions. Specifically, it discusses the difference between mergers and acquisitions, with mergers involving the combination of two companies into one new entity under companies law and the court, while acquisitions refer to one company gaining controlling interest in another without combination under SEBI regulations. The report focuses on studying the merger between Global Trust Bank and Oriental Bank of Commerce in 2004.
CapitalHeight Financial Services is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Our research is based around these services :
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
CapitalHeight always aim at providing services in accordance with the comfort levels of all traders and investors in stock market ranging from small investors to HNI’s, who trade in vast domain of share market such as Intraday, Index Trading (NIFTY & BANK NIFTY ), Equity Market, F&O, MCX, NCDEX.
For stock tips, mcx tips, commodity tips and equity tips, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950
Or email us at: contact@capitalheight.com
Daily equity news letter by capital height 17 02-11 We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger. Get free trail of Equity Tips .
Our research is based around these services :
• Stock Tips
• Commodity Tips
• Equity Tips
• Intraday Tips
• NCDEX Tips
www.capitalheight.com
The document discusses the sources and uses of funds for Tata Steel Limited over several years based on their annual financial statements. It analyzes Tata Steel's balance sheets and profit and loss accounts, identifying their top sources of funds as shareholders' funds such as share capital and reserves, as well as loans. It also examines how Tata Steel allocates funds, primarily to fixed assets and investments. The document provides a breakdown of Tata Steel's income sources and expenditure items to analyze their operating performance.
CapitalHeight Financial Services is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.
For 2 Days Free Trial, please visit our site at http://www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731 - 4295 - 950 Or email us at: contact@capitalheight.com
This document provides information on competition in the telecommunications service sector. It lists key competitors of Tata Communications including Bharti Airtel, Idea Cellular, Reliance Comm, Tata Teleservices, and others. It provides data points on each competitor such as their last trading price, market capitalization, net sales, net profit, and total assets.
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CapitalHeight always aim at providing services in accordance with the comfort levels of all traders and investors in stock market ranging from small investors to HNI’s, who trade in vast domain of share market such as Intraday, Index Trading (NIFTY & BANK NIFTY ), Equity Market, F&O, MCX, NCDEX.
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Infosys Technologies announced its fourth quarter results for fiscal year 2010 on April 13th, reporting a 1.14% increase in quarterly profits. Revenues increased 3.54% for the quarter. However, operating margins declined slightly. The company also provided guidance for fiscal year 2011, expecting earnings per share growth of 4.3-8.6% but lowered revenue guidance in rupee terms to 9-11% due to rupee appreciation. Challenges for the company include a potential interest rate hike by the RBI, currency fluctuations, and increased competition.
Indian equity markets ended marginally higher, with the Nifty up 11 points and Sensex up 30 points. IDBI reported a 62% rise in Q4 net profit. European markets were positive on better-than-expected manufacturing data. The Dow futures were up 75 points. On the Nifty, gainers included HCL, BPCL and IDFC, while losers were Hero Honda and Grasim. Most sectoral indices closed higher except for pharma.
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The weekly newsletter provides a market wrap of the Indian equity markets for the past week. Key points include:
- The Nifty and Sensex gained 2.7% and 2.45%, respectively, posting their best weekly gains since March 6.
- Standard Chartered Bank's first Indian IDR was oversubscribed 2.2 times.
- Global markets ended lower for the week as Fitch downgraded Spain's credit rating.
- Technical analysis indicates the markets may consolidate with resistance at 5180 and 5305 for Nifty, and support at 4940 and 4690.
The weekly newsletter provides a market wrap of the Indian equity markets for the past week. Key points include:
- The Nifty and Sensex gained 2.7% and 2.45%, respectively, posting their best weekly gains since March 6.
- The IDR of Standard Chartered Bank was oversubscribed 2.2 times.
- Global markets ended lower for the week as Fitch downgraded Spain's credit rating, worsening the eurozone debt crisis.
- Indian equity markets ended higher led by gains in metal and oil & gas stocks. The Nifty closed up 0.66% at 6,186.45 points.
- Euro markets rose over 1% supported by better than expected German factory orders data.
- Key Asian markets also closed higher taking cues from the positive European trading session.
Indian markets ended down 2.3% for the week despite positive global markets. Nifty lost 135 points to end at 5857 while Sensex fell 458 points to 19508. Bank Nifty was the worst hit, losing 907 points or 7.32% to end at 11500. India's October IIP came in better than expected at 10.8% year-over-year. Global markets ended higher on better economic data from the US and Germany.
- The Indian equity markets ended flat, with the Nifty down 7 points and Sensex down 21 points.
- European markets were in the red despite positive economic data from Germany, with the DAX down 19 points.
- In the commodity markets, the Dow futures were up 10 points ahead of US jobless claims data.
Hindustan Construction Company (HCC) is an engineering and construction company founded in 1926. It constructs large infrastructure projects across sectors. The document analyzes HCC's financial ratios and Z-score from 2007-2009. While revenue and profits increased, debt levels also rose. The Z-score, which predicts bankruptcy risk, was above 3 in 2007 but fell to around 2.6 in 2009, indicating increased risk. Based on this analysis, the author does not recommend investing in HCC's bond issue.
The Chairman notes that ABC Holdings performed well in 2010, reflecting the improved economic environment across its markets following the global financial crisis recovery. All of the Group's banking operations reported profits for the first time. Retail banking is now offered and expected to contribute positively to income going forward. Overall, economic growth in Sub-Saharan Africa was revised upwards to 5% in 2010 and is projected to accelerate to 5.5% in 2011, though risks remain from commodity prices and political instability. The performance reflects the Group's decision to curtail lending during the recession, which reduced credit impairments.
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Weekly equity news letter by capital height 21 02-11 to 25-02-11 We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger. Get free trail of Equity Tips .
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The Indian equity market ended higher with the Nifty gaining 0.8% to close above 5800. European markets were mixed with FTSE up while CAC and DAX were down and up respectively due to positive economic data from Germany. Dow futures were up 15 points ahead of US jobless claims data. Top Nifty gainers were R Power, R Infra, and DLF while top losers were SBI, Ambuja Cement, and Reliance Communications.
This document contains balance sheet and key financial ratio data for Bank of Rajasthan for the years 2006 through 2010. The balance sheet shows the bank's capital and liabilities as well as its assets over this time period. The key financial ratios section provides various profitability, management efficiency, leverage, and cash flow metrics for evaluating the bank's performance.
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CONTENTS
Introduction
Company profile
Financials
Fundamental analysis
Fundamental factors
Technical Analysis
Pivot Point
Daily chart
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Introduction
Established in 1907, Tata Steel is among the top ten global steel companies with an
annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now one of
the world's most geographically-diversified steel producers, with operations in 26
countries and a commercial presence in over 50 countries.
Tata Steel is also India's second-largest and second-most profitable private-sector
company
Tata Steel’s vision is to be the world’s steel industry benchmark through the excellence
of its people, its innovative approach and overall conduct. Underpinning this vision is a
performance culture committed to aspiration targets, safety and social responsibility,
continuous improvement, openness and transparency.
Tata Steel’s larger production facilities include those in India, the UK, the Netherlands,
Thailand, Singapore, China and Australia. Operating companies within the Group
include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), NatSteel,
and Tata Steel Thailand (formerly Millennium Steel).
Areas of business
The company produces crude steel and basic steel products, and makes steel for
building and construction applications through Tata BlueScope Steel, its joint venture
with Australia's BlueScope Steel. Tata Steel has also set up joint ventures for the
development of limestone mines in Thailand, the procurement of low-ash coal from
Australia and coking coal from Mozambique, and the setting up of a deep-sea port in
Orissa in India.
The company is exploring opportunities in the titanium dioxide business in Tamil Nadu,
India, and will soon be producing high carbon ferrochrome from its plant in South Africa
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STOCK INFORMATION
Sector Metal
Market cap Rs. 41,533.36 cr
Face value Rs. 10
Book value Rs. 386.01
Eps(ttm basis) Rs. 71.56
52 week h/l Rs. 737/ 418.3
Credit- deposit 76.11%
Dividend 120%
Managing director B Muthuraman
Listed at NSE/BSE/LSE
Equity capital Rs. 959.41cr
SHARE HOLDING PATTERN
(in %) 11-JUN 11-MAR 10-DEC
Promoter 30.6 30.6 32.53
FII 17.06 17.36 16
DII 26.46 26.21 26.37
Others 25.88 25.83 25.1
Total 100 100 100
DIVIDEND SUMMARY
Announcement Date Effective Date Dividend Type Dividend (%)
26-05-11 4/7/2011 Final 120.00
27-05-10 12/7/2010 Final 80.00
25-06-09 6/7/2009 Final 160.00
26-06-08 18-07-08 Final 160.00
17-05-07 8/6/2007 Final 155.00
15-05-06 26-05-06 Final 130.00
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Financials
Balance Sheet of Tata Steel (Rs. Cr.)
Mar '11 Mar '10 Mar '09 Mar '08 Mar '07
Sources Of Funds
Equity share
959.41 887.41 730.79 730.78 580.67
capital
Share application
178.2 - - - 147.06
money
Preference share
- - 5,472.66 5,472.52 -
capital
Reserves &
45,807.02 36,281.34 23,501.15 21,097.43 13,368.42
surplus
Secured loans 3,509.20 2,259.32 3,913.05 3,520.58 3,758.92
Unsecured loans 26,291.94 22,979.88 23,033.13 14,501.11 5,886.41
Total 76,745.77 62,407.95 56,650.78 45,322.42 23,741.48
Application Of Funds
Gross block 29,815.64 22,306.07 20,057.01 16,479.59 16,029.49
Less : revaluation
- - - - -
reserve
Less : accumulated
11,041.16 10,143.63 9,062.47 8,223.48 7,486.37
depreciation
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Net block 18,774.48 12,162.44 10,994.54 8,256.11 8,543.12
Capital work-in-
- 3,843.59 3,487.68 4,367.45 2,497.44
progress
Investments 46,564.94 44,979.67 42,371.78 4,103.19 6,106.18
Current assets,
24,212.30 13,425.27 11,591.66 38,196.34 14,671.91
loans & advances
Less : current
liabilities & 12,805.95 12,003.02 11,899.95 9,755.78 8,279.70
provisions
Total net current
11,406.35 1,422.25 -308.29 28,440.56 6,392.21
assets
Miscellaneous
expenses not - - 105.07 155.11 202.53
written
Total 76,745.77 62,407.95 56,650.78 45,322.42 23,741.48
Key Ratios
Ratios Mar '11 Mar '10 Mar '09 Mar '08 Mar '07
Op Profit Margin(%) 39.00 35.7 37.68 41.94 39.61
Net Profit Margin(%) 22.81 19.96 21.09 23.43 23.53
Current Ratio 1.89 1.12 0.91 3.81 1.69
Debt Equity Ratio 0.64 0.68 1.34 1.08 0.69
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Key Extracts
Even while steel prices have declined ~12% in Europe from peak in Mar’11 on
de-stocking and weak summer demand, operating cost is set to rise QoQ in
Q2FY12 on usage of high cost raw material. This would keep margin
under pressure in Q2 and Q3. Although steel demand growth has declined in India
due to slowdown in auto and infrastructure and construction projects, TSI has
benefited from reduced output due to iron ore supply shortage in Karnataka,
increasing the premium and sales volume.
Further, the company has de-risked itself from a slowdown in projects by
strengthening their retail presence through 2,800 strong dealer network. However,
EBITDA/t could contract QoQ in Q2 as impact of high cost coking coal comes
through (we estimate a decline of ~10% QoQ).
While the company has temporarily mothballed 0.5mntpa MBF in Thailand due to
high raw material cost, the operation in Singapore is impacted by high electricity
charges. Nevertheless, south-east Asian operations are expected to fare better
compared to last year.
Although there are concerns on demand and margin in the near term, structural
improvement in the health of the company would be driven by
1. A revival of demand in India led by FAI growth of 7.5-8%,
2. Rising share of highly profitable Indian operations,
3. Cost cutting measures at TSE to reduce conversion cost further, while maintaining
FY12E output target of 15.0mnt
4. Partial raw material integration in TSE with commencement of mining in Bengal
project (coal) and DSO project (iron ore). With these developments, TSE’s
EBITDA could improve significantly in 2-3 years time.
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Fundamental View
Jamshedpur is on track for completion by Q4FY12. Although the project is expected
to make little contribution in FY12E, the target for FY13E is 1.9-2.0mnt and full
output is expected in FY14E.
Phase 1 of 5.3mnt ROM (1.7mntpa hard coking coal and 0.4mntpa export-grade
thermal coal) is to be commissioned by Jan'12 and would take 9-10 months to
stabilize. Out of USD150mn (Tata Steel’s equity investment for 35% stake), they
have already spent USD110mn.
Phase II (10mnt ROM) and phase III (20mnt ROM) would happen subsequently, and
would need significant investment in development of transportation and port
infrastructure.
Although the total capex required to start the 4.0mntpa of iron ore output (grade of
58% Fe) from DSO project by Q2FY13E is USD500mn, with Tata Steel’s
equity contribution for 80% stake being USD120mn, not much investment has
been made yet.
Other project of New Millennium, Taconite is a long drawn project, with
feasibility study expected to take 2 years. Tata Steel has an option to take 65%
stake in the project post feasibility study.
The 1st phase of 3.0mntpa in Kalinganagar is progressing well and the project is
expected to commission by FY14-end.
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Chart Analysis
Tata Steel has been in downtrend since the starting of this year as it has made a classic
double top formation at the level of 739 and since then making lower tops and lower
bottoms. Also, it has made a inverted head and Shoulder on the weekly chart and failed
to break its neckline due to which we are seeing a continuous downtrend in it.
The stock is working well with its Fibonacci retracement of uptrend from 148 (08) to
749(2011) and at presently is sustaining the level of 50% and crucial level of 420.
Tata Steel in coming weeks if breaks the level of 50% and the crucial support level of
420 on the weekly chart then can slide downward to 61.8% retracement level of 370
and then 76.4% level of 284. However, we can see a pullback rally from the level
of 370 to the level of 400 as 61.8% will act as a major support.
Also, Tata Steel has underperformed compared to Nifty in the last 4 years and in that
case, If Nifty breaks the level of 4800 in coming weeks, then there is a very high
probability of a sharp downtrend in Tata Steel.
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together with all estimates and forecasts, can change without notice. Analyst or any person related to Money CapitalHeight
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