Ast: 1
Select an example(Firm) that has interesting outcomes related to the issues.
1. Is wealth maximisation the objective of the firm?
2. Does the firm exist with the sole objective of serving the interest of owners?
3.Do firm in practice state the vision, mission and values in broad terms ? How?
4.How is the Organisation of the finance function?
Select an example(Firm) that has interesting outcomes related to the issues.
1. Is wealth maximisation the objective of the firm?
2. Does the firm exist with the sole objective of serving the interest of owners?
3.Do firm in practice state the vision, mission and values in broad terms ? How?
4.How is the Organisation of the finance function?
Sheethal sree R / 14MBA0021
ReplyDeleteFIRM NAME : NECO Group of Industries
1. Yes. Wealth maximization is the objective of the firm.
2. The core of Corporate Governance at NECO Group is based upon, inter-alias, the objective of maximizing the wealth of all stakeholders of the company by making maximum utilization of resources at its disposal and fulfilling its obligations.
3. VISION:
To be an organization that continuously achieves economic value by optimizing resources through operational excellence, powered by technology, driven by innovation, creating delight and to be a globally admired organization that enhances sustainable industrial and business development and be the global benchmark in the field of
• Steel Plant products
• Iron & Steel castings
• Ferrous & Non-ferrous valves and services
• Ceramic products
• Defence Equipments
MISSION:
Sustainable Growth and Return on Investment by continuous improvement of Human Resource, Environment, Technology and Product.
VALUES:
TOWARDS THEIR BUSINESS PARTNERS:
With their esteemed business partners, they intend in establishing long term relations based on mutual respect and trust, which will make NECO the preferred partner to do business with.
TOWARDS THEIR EMPLOYEES:
They strive to create a pool of competent, committed and creative employees who are truthful to self, their colleagues and to the organization. For this, they provide their employees with a work environment which facilitate free expression, trust generation and foster innovation.
They believe in giving opportunity, motivating their employees to challenge their own limitations and explore their latent talent. They value employees who carry through against adversity and accomplish their tasks.
They encourage employees to think beyond the obvious, question the existing practices and think of new ideas for improvements even when the conditions appear satisfactory.
4. They have:
Unaudited Financial Results for the Quarter/Half of the year
Annual Reports
Audited Financial Results
Code of Conduct
(Source: http://www.necoindia.com/investor-relations/annual-reports)
K. MADHAN KUMAR / 14MBA0039
ReplyDeleteFIRM NAME: FUTURE GROUP, RETAIL.
1. Is wealth maximisation the objective of the firm?
Yes. Wealth maximization and also Growth, Profitability and Scalability have been the key focus along with customer delight, innovation and value creation.
2. Does the firm exist with the sole objective of serving the interest of owners
•Future Group stands on the foundation of integrity and stewardship.
•Future Group believe success requires the highest standards of corporate ethics towards everyone we work with, the communities we serve, and the environment we impact. This is road to sustainable, profitable growth to create long-term value for our people, business partners, customers and shareholders.
•They have an active, capable and diligent management and leadership team that understands its role in implementing rigorous financial discipline, risk metrics and gold standard corporate governance.
3. Do firm in practice state the vision, mission and values in broad terms ? How?
Mission:
•We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development.
•We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments – for classes and for masses.
•We shall infuse Indian brands with confidence and renewed ambition.
•We shall be efficient, cost- conscious and committed to quality in whatever we do.
•We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful.
Values:
•Indianness: Confidence in ourselves.
•Leadership: To be a leader, both in thought and business.
•Respect & Humility: To respect every individual and be humble in our conduct.
•Introspection: Leading to purposeful thinking.
•Openness: To be open and receptive to new ideas, knowledge and information.
•Valuing and Nurturing Relationships: To build long term relationships.
•Simplicity & Positivity: Simplicity and positivity in our thought, business and action.
•Adaptability: To be flexible and adaptable, to meet challenges.
•Flow: To respect and understand the universal laws of nature.
Vision:
Corporate responsibility is integral to our vision. At Future Group we are committed to being a catalyst of positive change in the business sectors, communities and societies in which we operate.
At Future Group our beliefs drive us to conquer the Indian consumption space by delivering prosperity to the nation. Our purpose is tightly linked to our business and financial goals - to create future opportunities to improve lives and, by doing so, keep our business growing.
4. How is the Organisation of the finance function?
• Maximizing shareholder value can be done over the long-term or the short-term, so the job of the finance department is to determine how best to do both. Sometimes, the goals may appear to contradict each other.
• The finance department is devoted to the task of figuring out how to allocate assets for the overarching goal of maximizing shareholder value. They must ensure that the right assets are in the right place at the right time.
• The finance department must also manage the company's liabilities so that all projects are financed in an optimal way without taking on too much risk.
(Source: http://www.futuregroup.in/investors/overview.html )
This comment has been removed by the author.
ReplyDeleteVENKITESWARAN. K / 14MBA0001
ReplyDeleteFIRM NAME: OIL AND NATURAL GAS CORPORATION LIMTED
Q1. Is wealth maximization the objective of the firm ?
Soln: Not only Wealth Maximization but also a structural inclination in the public sector society. They also look upon the Downstream Value Additions & Forward Integration. These are the core objectives of ONGC.
Q2. Does the firm exist with the sole objective of serving the interest of owners ?
Soln: ONGC is not only expanding the canvas of the organization but is also creating entirely new planes in energy domain to drive the organization into its future. In a nutshell, ONGC is working towards ensuring sustainability of the organization by being its umbilical cord to its tomorrow.
Considering the ongoing organisation development driven projects and activities, and projection of future expansions and new business areas including alternate sources of energy and downstream gas business, the company envisages that its non E&P activities shall contribute to 30% of organization’s total revenue by the year 2030.
ONGC is involved in continuous scanning to identify synergistic business opportunities, evaluate viability and implement these opportunities for ONGC to expand its wings in the entire value chain.
Q3. Do firm in practice state the vision, mission and values in broad terms ? How ?
Soln: VISION, MISSION & VALUES
To be global leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices.
(i) Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people.
(ii) Imbibe high standards of business ethics and organizational values.
(iii) Abiding commitment to safety, health and environment to enrich quality of community life.
(iv) Foster a culture of trust, openness and mutual concern to make working a stimulating and challenging experience for our people.
(v) Strive for customer delight through quality products and services.
(vi) Focus on domestic and international oil and gas exploration and production business opportunities.
(vii) Provide value linkages in other sectors of energy business.
(viii) Create growth opportunities and maximize shareholder value.
(ix) Retain dominant position in Indian petroleum sector and enhance India's energy availability.
Q4. How is the Organisation of the finance function ?
Soln: They have
> Budgetary Conrol
> Code of Conduct
> Pre Audit Section
> Annual Reports
> Post Audit Section
> Financial Statements
> Working Capital Management Analysis
Sound and precise financial management of its capital and its vast array of resources will, in the days to come, play an extremely important part as ONGC bids to step up its activities in response to the changing business climate as well its own growth goals.
Source: http://ongcindia.ongc.co.in/wps/wcm/connect/ongcindia/home/
S.ASWIN KUMAR / 14MBA0043
ReplyDeleteFIRM NAME : ADITYA BIRLA GROUP
1. Yes. Wealth maximization is the objective of the firm
2. Yes, Aditya Birla Group exist with the sole objective of serving the interest of owners.
3. VISION:
To be a premium global conglomerate, with a clear focus on each of the businesses.
MISSION:
To deliver superior value to our customers, shareholders, employees and society at large.
VALUES:
Integrity : Acting and taking decisions in a manner that is fair and honest. Following the highest standards of professionalism and being recognised for doing so. Integrity for us means not only financial and intellectual integrity, but encompasses all other forms as are generally understood.
Commitment : On the foundation of Integrity, doing all that is needed to deliver value to all stakeholders. In the process, being accountable for our own actions and decisions, those of our team and those in the part of the organisation for which we are responsible.
Passion : An energetic, intuitive zeal that arises from emotional engagement with the organisation that makes work joyful and inspires each one to give his or her best. A voluntary, spontaneous and relentless pursuit of goals and objectives with the highest level of energy and enthusiasm.
Seamlessness : Thinking and working together across functional groups, hierarchies, businesses and geographies. Leveraging diverse competencies and perspectives to garner the benefits of synergy while promoting organisational unity through sharing and collaborative efforts.
Speed : Responding to internal and external customers with a sense of urgency. Continuously striving to finish before deadlines and choosing the best rhythm to optimise organisational efficiencies.
4. Aditya Birla Group is one of India’s most reputed non-banking financial companies (NBFC).
The Capital Market Group offers its customers the best opportunity to meet their liquidity requirements by providing finance for investments in the capital market.
It deals with SMEs, mid-corporate and large corporate clients and aims to provide customised financing solutions to meet their working capital and growth finance needs.
The Commercial Real Estate and Mortgage solutions comprise loans against property, lease rental discounting, commercial property purchase loan and construction finance.
With a view to capitalise on the opportunities in the infrastructure, core and emerging sectors, Aditya Birla Group has expanded its product suite to include Project and Structured Finance solutions catering primarily to the growing mid-market clients across the country.
Through our lending and financing solutions, we enable our customers to pursue ambitious growth strategies and execute value-creating transactions.
(Source :http://www.adityabirla.com/home)
Name: Deeksha Annanya Vardhini B S /14MBA0011
ReplyDeleteFirm: Hindustan Unilever Pvt Ltd
1. WEALTH MAXIMIZATION
The wealth maximization objective is almost universally accepted goal of a firm. According to this objective, the managers should take decisions that maximize the shareholders' wealth. Stock price maximization is considered superior goal to profit maximization goal.
2. SOLE OBJECTIVE OF THE FIRM
The company made it a priority to develop and maintain effective systems, mechanisms and practices that ensure that the principles of good corporate governance are applied in every aspect of the business.
The Company has put in place a corporate governance framework that defines the relationship between the Company and its shareholders and other stakeholders, and the relationship between the General Meeting of Shareholders, the Board of Commissioners and the Board of Directors. It also incorporates systems and policies that govern the management of assets and risks in support of the Company’s financial soundness and achievement of its growth objectives; our compliance with statutory provisions; the development of our human resources; our safety and environmental management practices; and the development of our corporate culture.
3. VISION
The company launched The Compass – our strategy for sustainable growth. It sets out our clear and compelling vision to double the size of the business, while reducing our environmental footprint and increasing our positive social impact and gives life to our determination to build a sustainable business for the long term.
By combining our multinational expertise with our deep roots in diverse local cultures, we’re continuing to provide a range of products to suit a wealth of consumers. We’re also strengthening our strong relationships in the emerging markets we believe will be significant for our future growth.
[Contd...]
Name: Deeksha Annanya Vardhini B S/ 14MBA0011
ReplyDeleteFirm name: Hindustan Unilever Pvt Ltd
[Contd...]
MISSION
At the heart of the corporate purpose, which guides us in our approach to doing business, is the drive to serve consumers in a unique and effective way. This purpose has been communicated to all employees worldwide.
Unilever's mission is to add Vitality to life. We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life.
Unilever's Principles
Our code of business principles describes the operational standards that everyone at Unilever follows, wherever they are in the world. It also supports our approach to governance and corporate responsibility.
Consumers
Unilever is committed to providing branded products and services which consistently offer value in terms of price and quality, and which are safe for their intended use. Products and services will be accurately and properly labelled, advertised and communicated.
Shareholders
Unilever will conduct its operations in accordance with internationally accepted principles of good corporate governance. We will provide timely, regular and reliable information on our activities, structure, financial situation and performance to all shareholders.
Business Partners
Unilever is committed to establishing mutually beneficial relations with our suppliers, customers and business partners. In our business dealings we expect our partners to adhere to business principles consistent with our own.
4. Financial Function
Unilever's finance team played a key role in the success of their brands. Its strategy is to focus on volume growth and strengthening the competitive position of the company's brands. Unilever was redesigned to deliver the firm's strategic goals, including an emphasis on volume growth and competitive position of its brands. The finance team at Unilever asked on how the finance function should operate to achieve their goals. The result was the creation of a five-step process dubbed "Finance of the Future." The steps are:
1. Define "Finance of the Future."
2. Develop strategic thrusts.
3. Create global Finance Excellence Centre.
4. Develop innovative business partners.
5. Organize for success: The New Finance Structure.
NAIR DEEPAK GOPINATHAN - 14MBA0024
ReplyDeleteCompany: Adani Power
1. Is wealth maximisation the objective of the firm?
A. YES. Wealth maximization and maximization of value to stakeholders are the objectives of the firm. They are going for huge investments in India’s power sector. It is contributing to nation building.
While each of their businesses has competitiveness and scale, the value integration of Coal, Port and Power together can provide most desired synergy. This synergy helps them in quick turnaround for projects.
2. Does the firm exist with the sole objective of serving the interest of owners?
A. The firm has its duty towards the shareholders and further the firm has decided to spend a good amount on its CSR activities.
They take care to reinvest in protecting and developing the communities within which they operate. They take responsibility towards the society seriously. They run Adani foundation.
The Foundation has projects in four key areas:
1. Education especially primary education
2. Community Health
3. Sustainable livelihood Projects: Holding hands of all marginalized group to improve livelihood opportunity, thus improving their quality of life.
4. Rural Infrastructure Development
3. Do firm in practice state the vision, mission and values in broad terms. How?
• Vision
To be the globally admired leader in integrated Infrastructure businesses with a deep commitment to nation building. We shall be known for our scale of ambition, speed of execution and quality of operation.
• Values
Courage: we shall embrace new ideas and businesses
Trust: we shall believe in our employees and other stakeholders.
Commitment: we shall stand by our promises and adhere to high standard of business
4. How is the Organisation of the finance function?
• Budgetary Conrol
• Annual reports
• Quarterly reports
• Shareholding Pattern
• Investors presentation
• Capital evolution
In order to benefit the shareholders the company issues valuation reports.
(Sources: 1) http://www.adanipower.com/about-us
2)http://www.adanipower.com/investor-relations)
Prudviraj / 14MBA0048
ReplyDeleteFIRM NAME: TATA MOTORS
1. Is wealth maximization the objective of the firm ?
Wealth maximization is the objective but alongwith it the Tata group’s core purpose is to improve the quality of life of the communities it serves globally, through long-term stakeholder value creation based on leadership with trust. The revenue of Tata companies, taken together, was $103.27 billion (around Rs624,757 crore) in 2013-14, with 67.2 percent of this coming from businesses outside India.
2. Does the firm exist with the sole objective of serving the interest of owners ?.
Sixty six percent of the equity of Tata Sons, the promoter holding company, is held by philanthropic trusts, thereby returning wealth to society. As a result of this unique ownership structure and ethos of serving the community, the Tata name has been respected for more than 140 years and is trusted for its adherence to strong values and business ethics. It has formed the Tata Corporate Sustainability Policy for its community service. They continue to encourage their companies to:
• Demonstrate responsibility and sensitivity to biodiversity and the environment.
• Comply with regulations relating to environment,
• Continually illustrate performance in preventing pollution,
• Create sustainable livelihoods and build community through social outreach programmes in health, education, empowerment of women and youth.
• Find ways to enhance human, social, natural capital as complementing financial growth.
3.Do firm in practice state the vision, mission and values in broad terms ? How?
I. Purpose
At the Tata group we are committed to improving the quality of life of the communities we serve. We do this by striving for leadership and global competitiveness in the business sectors in which we operate.
Their practice of returning to society what we earn evokes trust among consumers, employees, shareholders and the community. We are committed to protecting this heritage of leadership with trust through the manner in which we conduct their business.
II. Core values
Tata has always been values-driven. These values continue to direct the growth and business of Tata companies. The five core Tata values underpinning the way we do business are:
• Integrity: We must conduct their business fairly, with honesty and transparency. Everything we do must stand the test of public scrutiny.
• Understanding: We must be caring, show respect, compassion and humanity for their colleagues and customers around the world, and always work for the benefit of the communities we serve.
• Excellence: We must constantly strive to achieve the highest possible standards in their day-to-day work and in the quality of the goods and services we provide.
• Unity: We must work cohesively with their colleagues across the group and with their customers and partners around the world, building strong relationships based on tolerance, understanding and mutual cooperation.
• Responsibility: We must continue to be responsible, sensitive to the countries, communities and environments in which we work, always ensuring that what comes from the people goes back to the people many times over.
4. How is the Organisation of the finance function ?
• Key Ratios
• 10 year Trend
• Half Yearly Results
• Pre Audit Section
• Annual Reports
• TurnOver
Source: http://www.tata.com/investordeskExt.aspx?pgUrl=http://contentlinks.dionglobal.in/tatanew/redirector.aspx?CompanyCode=10510008.00
14MBA0029
ReplyDeleteFRIM NAME: ITC LIMITED
1.Is wealth maximisation the objective of the firm?
The wealth maximization objective is universally accepted goal of a firm. According to this objective.
Revenue INR 45,102 Crores (US$ 8.31 billion) (2012-13)
Operating income
INR 11,106 Crores (US$ 2.05 billion) (2012-13)
Net income
INR 7,608 Crores (US$ 1.40 billion) (2012-13)
Total assets
INR 35,353 Crores (US$ 6.51 billion) (Mar 2013)
Total equity
INR 23,158 Crores (US$ 4.27 billion) (Mar 2013)
2. Does the firm exist with the sole objective of serving the interest of owners?
Over the last eighteen years, ITC has created multiple drivers of growth by developing a portfolio of world-class businesses and brands. ITC’s Net Revenue and Net Profit recorded an impressive compound growth of 15.3% and 21.6% per annum respectively. During this period, Return on Capital Employed improved substantially from 28.4% to 45.8% while Total Shareholder Returns, measured in terms of increase in market capitalisation and dividends, grew at a compound annual growth rate of 25.9%, placing your Company amongst the foremost in the country in terms of efficiency of servicing financial capital.
3.Do firm in practice state the vision, mission and values in broad terms ? How?
Vision: Sustain ITC's position as one of India's most valuable corporations through world class performance, creating growing value for the Indian economy and the Company's stakeholders
Mission: To enhance the wealth generating capability of the enterprise in a globalising environment, delivering superior and sustainable stakeholder value
4.How is the Organisation of the finance function?
Budgetary Control
Code of Conduct
Pre Audit Section
Annual Reports
Post Audit Section
Financial Statements
Working Capital Management Analysis
Over the last eighteen years, ITC has created multiple drivers of growth by developing a portfolio of world-class businesses and brands. ITC’s Net Revenue and Net Profit recorded an impressive compound growth of 15.3% and 21.6% per annum respectively. During this period, Return on Capital Employed improved substantially from 28.4% to 45.8% while Total Shareholder Returns, measured in terms of increase in market capitalisation and dividends, grew at a compound annual growth rate of 25.9%, placing your Company amongst the foremost in the country in terms of efficiency of servicing financial capital.
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSATHYA PRIYA .B / 14MBA0028
ReplyDeleteFIRM Name : GAIL (India) Ltd
1. Is Wealth Maximisation the objective of the firm?
Yes, Wealth maximisation is definitely a prime objective of the firm.
Current Businesses
GAIL, after having started as a natural gas transmission company during the late eighties, has built a large network of Natural Gas Pipelines covering more than 10900 Km. GAIL is a pioneer in City Gas Distribution (CGD) business in India, with Indraprastha Gas Limited (IGL) in Delhi and Mahanagar Gas Limited (MGL) in Mumbai being its biggest success stories. It also has established strong global footprints in countries such as Egypt, Myanmar, USA and China.
2. Does the firm exist with the sole objective of serving the interest of owners?
As mentioned in one of its key statements:
Shareholders
‘We meet the objectives of our shareholders by providing them superior returns and value through their investments in us’.
Besides serving the interests of its owners, GAIL also believes in fair ethical practices and sustained customer relationships.
CSR
The Objective of GAIL CSR policy is to ensure an increased commitment at all levels in the organisation, to operate its business in an economically, socially & environmentally sustainable manner, while recognising the interests of all its stakeholders.
Through its stringent CSR Programmes focused on developmental activities for economic well-being, it stresses on enhancing value creation in the society, and in the community in which it operates, to fulfil its role as a Socially Responsible Corporate.
3. Vision, Mission and Values explained in detail
Mission
To accelerate and optimize the effective and economic use of Natural Gas and its fractions for the benefit of the national economy.
Vision
Be the leading company in Natural Gas and Beyond, with Global Focus, Committed to Customer Care, Value Creation for all Stakeholders and Environmental Responsibility.
[cont'd]
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ReplyDeleteDollu Lakshmi Lahari/ 14MBA0034
ReplyDeleteFirm Name :- REI Agro Limited- World’s Largest Basmati Processing Company.
1) Is wealth maximization the objective of the firm?
Yes, wealth maximization is the objective of the firm.
The company commands a sizeable 22% share of World’s Basmati Market. It follows an integrated business and is equipped with the largest technology available globally. The state-of-the-art facilities and ISO 9001-2000 conforming to quality standards have resulted in superior quality grain at an excellent value proposition. The company enjoys investment grade rating from Credit Analysis And Research Limited (CARE) for short term debt. The Company offers a wide range like Raindrops ELG( Extra long grain), Raindrops gold Supreme, Raindrops Gold Royal, Raindrops Gold Duper, Raindrops Popular, raindrops daily and Raindrops Rozana. With wide choice at all the price points, REI Agro has become a household name.
2) Does the firm exist with the sole objective of serving the interest of owners ?
REI Agro endeavours to strengthen its relationship with everyone associated with the company.The team of dedicated employees is working round-the-clock to offer the best deal to the clients. The satisfaction of the client is the first and foremost priority of the company, and it strives to achieve the same. With a wide range of Basmati rice, REI Agro caters to the needs of its esteemed clients.
• More than 500 Distributor.
• Presence in approx. 1 lakh retail store.
• Available in 3000+ Modern Trade store.
(cont'd)
(cont'd)
ReplyDeleteDollu Lakshmi Lahari/ 14MBA0034
Firm Name :- REI Agro Limited- World’s Largest Basmati Processing Company.
3) Do firm in practice state the vision, mission and values in broad terms ? How ?
VISION:- Basmati spreads its aroma in every corner of India. It’s the vision of REI Agro to spread it in every kitchen of the world.
MISSION:-
Following strategic policies and by processing through ultramodern technologies, REI Agro will offer the best quality of rice globally and consolidate the fragmented basmati market.
VALUES:- REI Agro maintains world-class quality standards in all areas of its operations. The company procures the best quality of paddy and processes it using state-of-the-art technology. The company has the maximum ability to mature basmati rice thereby ensuring quality. The experienced professionals extensively analyze the quality standards in different locations of the world and ensure that the finest quality of Basmati rice is processed and branded by REI Agro. The company has the latest sorting and grinding capability.
By productive use of all the available resources, the company reduces its cost of production and presents the products to its clients at the most competitive prices. With its wide network, the company is capable of procuring the best quality of paddy. It offers the premium quality rice matured from 18- 24 months. With the best flavor and fragrance, REI Agro presents the Basmati rice of the best quality.
REI Agro has invested a significant amount in its processing, and research facilities. Experienced professionals are at work with dedication to enhance the quality matching the international standards.
HOW?
It has equipped itself with powerful strategies to face any challenge in the future. Procurement network helps the company to acquire superior quality of rice at low cost, to maintain regular flow of raw material and to strengthen the company's relationship with the farmers.
There is a huge demand for parboiled rice in the Gulf and this will be a major driving force behind the company's exports in the coming year. REI Agro is fully equipped to capitalize on the growing demand of basmati rice.
The company looks forward to increase its market share on the one hand with larger volumes and also a change in its product mix with a larger share of branded and export sales.
4) How is the organization of the finance function?
They are as follows :-
Financial performance
Financial review
Dividend
Unclaimed/unpaid dividend(transfer to investor education and protection fund)
Transfer to general reserve
Consolidated financial statement
Subsidiary companies
Credit rating
Management discussions and analysis report
Corporate Governance
Auditors
NIKHILA ASHOK (14MBA0017)
ReplyDeleteNAME OF THE COMPANY: BRITANNIA INDUSTRIES
1. Yes wealth maximisation is the company’s objective.
2. Britannia give importance not only to serve the investors but also other things like short term objectives, quality objective, and long term objectives. Short term objective include improve in shareholders’ investment and improve internal process and control. Their short term objective also includes increase in NSV and ROI .They have long term objectives like to reduce cost of production and to become largest volume player in bakery industry. Along with these objectives they are giving importance to reduce customer complaints, importance to welfare of employees and giving proper training to them.
3. MISSION
• To dominate the food and beverage market in INDIA through a profitable range of ‘tasty yet healthy´ products by making every INDIAN a BRITANNIA consumer.
• To be one of the best biscuit company.
• Development of production in partnerships with our customers to their specification.
• Flexibility & capability to meet small & large production runs
VISSION
• Think of a purpose that spirals forth to create innovations from within this visionary zeal; built on trust and knowledge,. To dominate the food and beverage market in INDIA with a distinctive range of ³tasty yet healthy´ BRITANNIA brands.
• Every third person, in INDIA, should be a BRITANNIA consume.
VALUE
Value defines the business in terms of the principles and value that the business leaders will follow. They provide the bounds or limits of how the business leaders will conduct their activities while carrying out the vision and mission. Britannia’s Core value:
• Provide economically sound business opportunities for our embers.
• Practice high ethical business standards.
• Respect and protect the environment.
• Produce high quality products that are safe for consumers.
4. Financial function
• To have long term capital they issue prefence share shares mainly.
• BRITANNIA also does Self-financing to meet their capital needs.
• BRITANNIA has the sinking funds to meet their future uncertainties.
• Focus on innovation, cost and revenue management.
• Deriving relationship between variables from ratio analysis.
(source :- www.britannia.co.in)
VISHNU CHAKRAVARTHI.R/14MBA0014
ReplyDeleteCOMPANY NAME:PRICOL
1)YES. WEALTH MAXIMIZATION IS THE OBJECTIVE OF THE FIRM.
2)YES, THE SOLE OBJECTIVE OF THE COMPANY IS SERVING THE INTEREST OF THE OWNERS AS MENTIONED IN THE MISSION OF THE COMPANY.THEIR OBJECTIVE IS TO MAXIMIZE THE WEALTH OF THE SHAREHOLDERS.
3) Corporate Vision
We will strive to attain leadership in all the products and services that we provide, through socially and environmentally acceptable means.
Corporate Mission
Achieve leadership through constant innovation and continuous improvement in every sphere of our activity. Enhance value to our customers, employees, suppliers, shareholders and also care for the society and environment around us.
Corporate Core Values
Passion - Whatever we do, we do it from the bottom of our heart
Respect - We respect those who add value to our lives
Integrity - We never compromise on our values.
Collaborate - We believe in working towards a unified goal
Ownership - We are responsible for all our actions
Listen - We listen to both the spoken and unspoken before we act
4)FINANCIAL FUNCTIONS OF THE COMPANY:
PREPARING ANNUAL REPORTS-AUDIT REPORTS, BALANCE SHEET, PROFIT AND LOSS ACCOUNT ,SCHEDULES ,CASH FLOW STATEMENT.
QUARTERLY RESULTS
CODE OF CONDUCT.
MANAGEMENT ANALYSIS
CORPORATE GOVERNANCE
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ReplyDeletePRAVIN KUMAR(14MBA0009)
ReplyDeleteCOMPANY NAME= LAKSHMI MACHINE WORKS LIMITED.
1) Is wealth maximisation the objective of the firm?
Yes. Wealth maximization is the objective of the firm.
2) Does the firm exist with the sole objective of serving the interest of owners?
LMW is committed to incorporate, continuously review and protect overall Environmental, Occupational Health & Safety (EOHS) considerations as a “Service to Future Generations.”
LMW shall achieve EOHS commitments by:
• Complying with applicable legal and other requirements.
• Working towards environmental sustainability and enrichment of biodiversity by controlling air, water and land pollution.
• Reducing the volume of consumption of resources such as water, paper, hardware and other consumables.
• Encouraging ‘Green Procurement Practices’ to the maximum extent possible and promoting the ‘Reduce / Reuse / Recycle’ principle for all types of wastes.
• Valuing health, safety and environment issues of employees, clients, suppliers and local communities. Providing safe working conditions to all its employees and promote an environment friendly atmosphere.
• Initiating, observing and reviewing objectives on a constant basis to improve EOHS practices/performance and its management system.
• Imparting training to its employees to work safely and to practice sound environmental, health and safety practices. To accomplish these objectives, LMW will provide adequate resources.
3) Do firm in practice state the vision, mission and values in broad terms ? How ?
Mission:
“ To deliver greater value to our customers by providing complete competitive solutions through technological leadership and manufacturing excellence that are responsive to dynamic market needs.”
Vision:
“To enhance customer satisfaction and our image globally and achieve exponential growth to leadership through world class products and service.”
Values
Excellence
Integrity
Learning and sharing
Contribution to industry and society
4) How is the Organisation of the finance function?
They have
• Shareholding Pattern.
• Corporate Governance Report.
• Code Of Conduct
• Investor Cell
Source: http://www.lakshmimach.com/
P.Pravin Kumar(14MBA0049).
ReplyDeleteCompany Name :TVS Motors.
1) Is wealth maximisation the objective of the firm?
Yes. Wealth maximization is the objective of the firm.
2) Does the firm exist with the sole objective of serving the interest of owners?
TVS Motor believes that people make an organization and that its well-being is dependent on the commitment and growth of its people. There will be a sustained effort through systematic training and planning career growth to develop employees talents and enhance job satisfaction. TVS Motor will create an enabling ambience where the maximum self-actualisation of every employee is achieved. TVS Motor will support and encourage the process of self-renewal in all its employees and nurture their sense of self worth.
Responsible Corporate Citizen:
TVS Motor firmly believes in the integration of Safety, Health and Environmental aspects with all business activities and ensure protection of employees and environment including development of surrounding communities. TVS Motor strives for long-term relationships of mutual trust and interdependence with its customers, employees, dealers and suppliers.
3) Do firm in practice state the vision, mission and values in broad terms ? How ?
Mission:
We are committed to being a highly profitable, socially responsible, and leading manufacturer of high value for money, environmentally friendly, lifetime personal transportation products under the TVS brand, for customers predominantly in Asian markets and to provide fulfilment and prosperity for employees, dealers and suppliers.
Vision:
Driven by the customer :
TVS Motor will be responsive to customer requirements consonant with its core competence and profitability. TVS Motor will provide total customer satisfaction by giving the customer the right product, at the right price, at the right time.
The Industry Leader :
TVS Motor will be one among the top two two-wheeler manufacturers in India and one among the top five two-wheeler manufacturers in Asia.
Global overview :
TVS Motor will have profitable operations overseas especially in Asian markets, capitalizing on the expertise developed in the areas of manufacturing, technology and marketing. The thrust will be to achieve a significant share for international business in the total turnover.
4) How is the Organisation of the finance function?
They have
• Annual Reports.
• Corporate Governance Report.
• Code /Policies
• Investor Communication
• Financial Press Release.
• Unclaimed Dividends.
Source: http://www.tvsmotor.com/default.aspx
VITHOTA V 14MBA0054
ReplyDeleteROBERT BOSCH
1. Yes.
2. Strategic Goals and Objectives:
• Provide Employability Training and Techno-Solutions through Partners: Vocational training aims at connecting individuals and societies to the economic engines, while technological solutions aim at robust affordable solutions that work in the community context; eg: telemedicine or Solar Power for remote villages.
• The foundation works through partners who may provide resources to enable this work. Eg: by funding providers of marketable vocational trainings and entrepreneurs who create machines that could provide improvement in the quality of life for disadvantaged communities.
• Help communities stand on their own feet: The long term objective of the foundation's work is to make disadvantaged communities self-sustaining. The foundation does this by mobilizing, consolidating and redeploying resources. Hence projects are evaluated for their long term impact.
Empower individuals to create an impact: The foundation aims to identify and work with individuals to create an impact in society. The foundation will develop a model of empowering individuals to be change agents.
(Contd.)
ROBERT BOSCH (Contd.)
ReplyDelete3.Vision- Enabling Lives and Livelihood through Education and Technology
Mission- How we intend to achieve the mission: Like a spark that ignites an engine, the foundation aims to empower individuals to create an impact that will help communities stand on their own feet, through employability training and techno-solutions.
Technology refers to the application of a systematic method in order to achieve a desirable outcome.
Enabling life
Health Projects: Congenital diseases and early childhood accidents not only robs young children of their childhood, they also cast their shadows into adulthood, too. We now know that, in many cases, early intervention can completely transform the child’s life, it is not always possible for everyone. Sometimes its due to lack of resources (financial resources, availability of health services, etc.), and sometimes its plain lack of awareness regarding diagnosis and treatment.
We support projects which are aimed at correcting physiological abnormalities of children whose parents cannot afford it. The foundation also supports other health care projects such as health care awareness for women and children, rehabilitation of people with spinal cord injury and other beneficial health care projects.
SparshVachana-Helping children walk with their head held high: In the last two years since this project started in 2009, the foundation has supported the surgery for 45 young children with complex orthopedic problems such as club foot, cerebral palsy, congenital dislocation of hips, brittle bone disease, radio-ulnar fusion and other gross orthopedic deformities.
GCCRI and Maaya Project: The foundation is a strong support for the Gujarat Cleft and Craniofacial Research Institute and Maaya Foundation which conducts free corrective surgeries for those born with facial deformity like cleft lip, cleft palate, hemangioma, neurofibroma and other craniofacial syndromes. Annually over 500 children benefit through these surgeries.
Enabling livelihood
‘Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.’ – Chinese proverb
While there are over 5000 ITIs and ITCs providing vocational training in many trades to India’s youth, eligibility to apply to these courses requires passing the 10th (or 8th in some case). This excludes the 50% of Indian youth who drop out from school before the 8th. The major chunk of those who drop out do so to supplement the family income through any unskilled job that they can get.
The skill trainings we offer, along with our partners, are aimed at these youth.
The trainings therefore are:
• Free of cost
• Of short duration (2-6 months)
• With emphasis on hands-on learning
• For those who are financially underprivileged
• Based in localities where the urban or rural poor reside
• Suited for part time working people also
• Relevant in the market with high employability potential
4. Financial functions
Budgetary Control
Code of Conduct
Pre Audit Section
Annual Reports
Post Audit Section
Financial Statements
Working Capital Management Analysis
This comment has been removed by the author.
ReplyDelete.
ReplyDeleteROBIN P VARUGHESE/ 14MBA0052
ReplyDeleteFIRM NAME: JK TYRE & INDUSTRIES LTD.
Q1. Is wealth maximization the objective of the firm?
Soln: Wealth maximization is the prime goal for the organisation. In addition to this, organization works for the upliftment of the society.
On a standalone basis, the Company achieved a turnover of Rs 6,577 Crores. Operating Profit for the
year was Rs 672 Crores, an increase of 34% over the previous year, and Profit Before Tax at Rs195 Crores.
Q2. Does the firm exist with the sole objective of serving the interest of owners?
Soln: JK Tyre is a leading corporate entity, which believes in excellence, innovation and technology. It has continuously modernised and expanded its manufacturing facilities to retain the edge in several markets across the world. The key area of thrust continues to be in enlarging its offering to expand the customer base, providing them with better quality of products and value added services.
JK Tyre is not only expanding the canvas of the organization but is also creating entirely new planes in their domain to drive the organization into its future. In a nutshell, JK tyre is working towards ensuring sustainability of the organization by being its umbilical cord to its tomorrow. JK tyres not only aims at profit maximisation but also aims at wealth maximisation, so definitely it thinks about the interest of their owners.
Name: Balaji B/ 14MBA0064
ReplyDeleteFirm Name: Tata Sponge Iron Ltd.
1. Yes, wealth maximization is the ultimate objective of the firm.
2. Objective:
Tata Sponge aspires to become a benchmark in coal based sponge iron operation by adopting best practices, innovating, exploring new opportunities for investment in its value chain and in the process, contribute to community development and nation building
3. Vision:
Tata Sponge shall endeavour to be a sustainable and learning organisation for setting a benchmark in creating value in the sponge iron business, so as to meet the aspirations of its stakeholders. It shall do so through pursuit of operational excellence and by adopting opportunities of new investments in its value chain. While doing so, Tata Sponge shall continue to remain a responsible corporate citizen.
Mission:
Tata Sponge shall always contribute towards progress of the nation through economic value creation.
In doing so, and consistent with the Tata Group's purpose, it will also try to improve the quality of life in its sphere of influence, by contributing to society, from what it earns.
Values:
• Trust and Respect: Teamwork based on trust, respect and dignity for all.
• Social Equality: No discrimination based on gender, cast, creed or religion. Tata Sponge is an equal opportunity employer.
• Loyalty: Wellbeing of Organisation before self.
• Integrity: Integrity in all transactions without fear or fervour.
4. Financial Function:
In spite of average net realisation from sale of sponge iron declining by about 4%, earning per share has improved to Rs.65.69 as compared to previous year (Rs.55.47) due to higher sales volume. The company continued to be debt free during the year. Sale of waste materials and earning from financial activities augmented the income.
The company’s finance team played a key role in the success of their brands. Its strategy is to focus on volume growth and strengthening the competitive position of the company's brands. The company was redesigned to deliver the firm's strategic goals, including an emphasis on volume growth and competitive position of its brands. The finance team at Unilever asked on how the finance function should operate to achieve their goals. The result was the creation of a five-step process dubbed "Finance of the Future." The steps are:
1.Define "Finance of the Future."
2.Develop strategic thrusts.
3.Create global Finance Excellence Centre.
4.Develop innovative business partners.
5. Organize for success: The New Finance Structure.
MOHD SALMAN
ReplyDelete14MBA0050
Berger Paints India
1. Is wealth maximisation the objective of the firm?
Exactly like a mass number of firms thrive to achieve the goal of wealth maximization when compared to other goals, Berger Paints also is one of the sheep of the flock. In this type of goal the managers takes decision which has a nuance of maximization of the wealth for shareholders. The nutshell of this is that they will be always trying to make share holders richer. Shareholders' wealth can only be maximized when the thingummy decisions that they make creates a net present value(of course, a positive one).Net present value of the firm is the difference between the present value of benefits of the project and present value of the cost. If the value is positive then the company has successfully evaded the problem and achieved the goal. If its negative the shareholders' wealth is jeopardized.
2. Does the firm exist with the sole objective of serving the interest of owners?
No their main objective is to have the customer get satisfied and the owners too believe in helping the customer without any hesitation. Apart from that Berger paints totally believes in continuous innovation and change.
This belief helps them to achieve their goals and Perform at High Levels. Their guiding values are performance, customer first, ethical practices & valuing people.
These core values help us in managing and meshing stakeholders expectations and provide integration of the efforts that we undertake.
3.Do firm in practice state the vision, mission and values in broad terms ? How?
ReplyDeleteVision
To be the most admired Indian paint and coating solutions company with globally recognised competencies.
Mission
To maximise shareholder value by developing and delivering innovative and best solutions for our customers, consistently outperforming our peers and providing a dynamic and challenging work environment for our employees.
Committed to being a responsible corporate citizen, Berger proactively pursues strategies both within and without that bring multiple societal and environmental benefits to all stakeholders.
Berger Paints are committed to provide full satisfaction to the customers with respect to Quality, Reliability and Delivery and attain Quality Leadership for all products that are offered by us.Berger paints shall achieve all the goals by:
Establishing a Quality Management
System conforming to International Standards.
Institutionalizing a culture of "Getting it Right, First Time."
Upgrading our Technology continuously to meet expectations of customers.
Planned and structured Training and Development Programmes for all employees.
Creating an environment which encourages team effort and where each individual's contribution is recognised and valued.
4.How is the Organisation of the finance function?
They have
Annual Reports.
Corporate Report.
Investor Communication
Financial Press Release.
code of conduct
whistleblower poicies
Quality policies.
Mohit Maurya / 14MBA0051
ReplyDeleteFirm Name: Dabur
Ans 1 : Yes wealth maximization is one of the important objective of the firm.
Ans 2: No firm not only concentrate on the objective of serving the interest of owners only but they also focus on improving the lives of there customer.
Ans 3 :Vision & Mission
Vision
To become the leading & most respected Preclinical Contract Research organization from India creating value for its clients & stakeholders
-"Dedicated to the health and well being of every household"
Mission
• To be a leading Preclinical Contract ResearchOrganization in India through the quality of its leadership, services & partnerships in drug development
• To become the first choice Preclinical Contract Research Organization in India through innovative solutions & comprehensive services in the development value chain
• To bring the India advantage to our clients whilemaintaining the global quality of services rendered
• To address our social responsibility by accelerating drug discovery & development in a wide range of therapeutic areas though our services and partnerships.
Ans 4 : Budgetary Control
Capital evolution
Annual reports
Quaterly reports
Code of conduct
Post audit section
Investors presentation
Financial statement
Divident
Working capital management etc.
MITHUN CHAKRAVARTHY M - 14MBA0037
ReplyDeleteCOMPANY - PROCTER AND GAMBLE LTD ..,
1. Is wealth maximisation the objective of the firm?
Yes wealth maximization is one of the objectives of the firm. The long term aim of the company is to maximize the wealth of the company’s shareholders. The strategies of the company includes increasing the current net value of business or shareholder capital gains, with the objective of bringing in the highest possible return.
2. Does the firm exist with the sole objective of serving the interest of owners?
No the company exist with various objectives they are
The company will provide branded products and services of superior quality and value that improve the lives of the world’s consumers. As a result, consumers will reward the company with leadership sales, profit and value creation, allowing our people, our shareholders, and the communities in which we live and work to prosper.
3.Do firm in practice state the vision, mission and values in broad terms ? How?
The following is the vision and mission of the company
Mission
To serve great tasting food, bringing the joy of eating to everyone
Vision
Be, and be recognized as, the best consumer products and services company in the world.
Promises
Two billion times a day, P&G brands touch the lives of people around the world. P&G people work to make sure those brands live up to their promise to make everyday life just a little bit better
Values
integrity
leadership
ownership
passion for winning
trust
4.How is the Organisation of the finance function?
Finance functions:
Investment decisions:
The company’s long term goal is to add more products to their portfolio. And to create strong supply chain management to acquire new market place, if new market expansion activities is carried out then automatically the company ought to expand its plant as a result in long run the wealth of the shareholders will increase.
Financial decisions
The company met their business and financial objectives for fiscal year 2014. Organic sales grew
3%, in line with the market. Core earnings per share increased 5%. We generated
$10.1 billion of free cash fl ow, with 86% free cash fl ow productivity. We increased the
dividend 7% — the 58th consecutive year that P&G’s dividend has been increased
Dividend decision
The company returned $12.9 billion in cash to shareowners through $6.9 billion in dividends
and $6 billion in share repurchase
Source
(https://www.pg.com/en_IN/company/purpose-values-principles.shtml)
(http://www.pg.com/images/company/who_we_are/pdf/values_and_policies907.pdf)
(http://www.pginvestor.com/interactive/lookandfeel/4004124/PG_Annual_Report_2014.pdf)
Venkatesh.K 14MBA0053.
ReplyDeleteCompany name : GMR GROUP OF COMPANIES.
GMR Group is an infrastructural company headquartered
in Bangalore. The company was founded in 1978
by Grandhi Mallikarjuna Rao. Employing the Public Private
Partnership model, the Group has successfully implemented
several iconic infrastructure projects in India.
The Group also has a global presence with infrastructure
operating assets and projects in several countries including
Turkey, South Africa, Indonesia, Singapore, the Maldives
and the Philippines.
GMR Infrastructure Limited is the infrastructure holding
company formed to fund the capital requirements of
various infrastructure projects across the sectors. It undertakes
the development of the infrastructure projects
through its various subsidiaries.
1.Apart from Profit & Wealth Maximization , GMR is driven by a simple principle - 'Achieve right results by right means'. The Group even transcends legal guidelines and attempts to venture into the hearts and minds of all its stakeholders in its steadfast approach.
2.The GMR Holding board is the apex decision making body for the Group consisting of the Group Chairman, the Corporate Chairman and the Business Chairmen. It focuses and drives strategic initiatives, approves business and annual operating plans besides developing a pool of leaders for the future.
3. To be "Most Admired Integrated Infrastructure Enterprise".
We strive to continuously learn and consistently set higher standards of performance. We learn together on a day-to-day basis from each of our stakeholders, both internal and external. We change to learn, and learn to change at a fast pace in order to excel; ultimately creating an edge in everything that we do.
OUR VALUES
Integrity
We choose to be honest in all our Business Interactions and Transactions and remain steadfast even when challenged. We strive for consistency between - what we Think, what we Say and what we Do.
Humility & Respect
We are consistently humble in our approach to and interactions with people. We treat every person with respect at all times, unconditionally.
Organisation Before Self
We recognize that organization interest is supreme, above individual preferences and goals. In all our decisions, actions and dealings we put the Organization before self.
Achievement Drive
We have an urge that drives us to intensely focus on performance and act decisively with high energy to achieve the desired results.
Positive Attitude
We always demonstrate a 'can-do' mind-set and engage to deliver organizational goals. We look upon challenging circumstances as opportunities to enhance our capabilities and find ways of achieving.
Accountability
We own up to our words, actions and outcome. When we commit to do something, we own it and we do it- decisively and responsibly.
Teamwork
We work harmoniously with a shared vision, energized by our collective talent. We Trust, Listen to, Share with and Empower team members and take collective responsibility for the results.
AAKASH SUNIL / 14MBA0056
ReplyDeleteFIRM NAME: THE EMIRATES GROUP
Q1. Is wealth maximization the objective of the firm ?
ANS: Yes wealth maximisation is the objective of the firm. Being one of the leading airline firms in the world it strives to achieve the numero uno status in the airline industry. Also Emirates has the distinction of being owned and run entirely by the Dubai government, so wealth maximisation has to be one of the main objectives of the firm in accordance with national revenue.
Q2. Does the firm exist with the sole objective of serving the interest of owners ?
ANS: No the Emirates does not exist with the sole objective of serving the owners. Initially when Emirates started out in 1985,its goal was ‘quality and not quantity’. Over the years, Emirates has evolved into a globally influential travel and tourism conglomerate known all over the world for its commitment to the highest standards of quality in every aspect of its business. It believed in providing value for money and the Dubai government’s open-skies policy aided in the exponential growth of the firm.
Emirates achievements include the follows:
• An award-winning international cargo division
• A full-fledged destination management and leisure division
• An airline IT developer
Q3. Do firm in practice state the vision, mission and values in broad terms ? How ?
Ans: The principles which propel it forward
A strong and stable leadership team, ambitious yet calculated decision-making and ground-breaking ideas all contribute to the creation of great companies. Of course, these have played a major part in its development, but the Emirates group believe its business ethics are the foundation on which its success has been built. Caring for its employees and stakeholders, as well as the environment and the communities it serves, have played a huge part in its past and will continue to shape its future.
Responsibility
Each member of staff’s commitment towards ongoing improvement combines to
maintain the competitive edge of its operation in global markets.
It firmly believes that its employees are its greatest asset and their contribution to the staggering pace at which it has developed cannot be underestimated..
The billions of dollars it has invested in purchasing the most advanced aircraft in production mean it operates one of the youngest and most eco-efficient fleets in the world.
Its commitment to the environment extends to its interests on the ground. It takes great pride in its involvement with the Dubai Desert Conservation Reserves, which is dedicated to preserving the natural and cultural heritage of area.
Community Initiatives
The Emirates Group strives to improve the lives of people mired in severe poverty, as an air transport provider, they are in the fortunate position to be able to deliver humanitarian aid during tragedies, such as natural disasters and wars.
Few of the initiatives are as follows:
• Emirates Airline Foundation
• The Emirates Friendship Hospital Ship
• Emirates-CHES Home
• Emirates-AIM for Seva Student Home for girls
• Emirates Airline Foundation School, Dhaka Project
• The Big PEN School,Nairobi
Q4. How is the Organisation of the finance function ?
Ans: They have
> Annual Reports
> Mergers and Acquisitions
> Event Sponsorships
> IT Management
> Cargo Services Investments
> Air Catering
> Employee Conduct and Hospitality Management
Employment of highly skilled labour and major investments in different fields along with maintenance of cultural heritage has helped the Emirates Group to achieve the cult status in the airline industry.
Source: http://www.emirates.com/english/about/emirates.aspx
S.Sachinarvind / 14MBA0007
ReplyDeletePHILIPS
1. Is wealth maximization the objective of the firm ?
Yes, Wealth maximization is the objective of the firm .
2. Does the firm exist with the sole objective of serving the interest of owners ?
No . With main focus on meaningful innovation, They serve professional and consumer markets through three overlapping sectors: Healthcare, Lighting and Consumer Lifestyle. Throughout the portfolio, they demonstrate their innovation capacity by translating customer insights into meaningful technology and applications that improve the quality of people’s lives.
3. Do firm in practice state the vision, mission and values in broad term ? How ?
VISION
At Philips , We strive to make the world healthier and more sustainable through innovation .Our goal is to improve the lives of 3 billion people a year by 2025. We will be the best place to Work for people who share our passion. Together we will deliver superior value for our customers and shareholders.
MISSION
Improving people’s lives through meaningful innovation .
BEHAVIORS
• Eager to win
• Take ownership
• Team up to excel
4. How is the organization of finance functions?
• Budgetary control
• Business control
• Cluster control
• Sponsorships
• Financial statements
NAME : V.ARUN PRASATH
ReplyDeleteREG.NO: 14MBA0015
FIRM : TUPPERWARE
1. Is wealth maximisation the objective of the firm?
Yes. The main objective of the firm is to maximize their wealth. They maximize their wealth by their unique products. Features are quoted below.
-Sustainability
-Usage of plastic is minimized and so on.
2. Does the firm exist with the sole objective of serving the interest of owners?
-While being a part of one of the most influential brand in the world is a good enough reason to be associated with Tupperware, the fact that you have an unmatched income opportunity, without sacrificing the good life is what attracts hordes of women to Tupperware.
- Business is based on customer to customer process.
- So, the firm exist with the sole objective of serving the interest of owners.
3. Do firm in practice state the vision, mission and values in broad terms ? How?
VISSION OF THE FIRM: To be the global direct seller of premium, innovative products.
MISSION OF THE FIRM: (1) Customer satisfaction through high innovative/unique products.
(2) Independent sales force( Pathway for personal development and sinificant earning opportunity)
(3)Reward for the employee.
VALUES:
-Trusted household name
-Boosting the earning power
-Work on convenient time
-Quality assurance
-Lifetime warranty
-Safety assurance.
4.How is the Organisation of the finance function?
-Tupperware Brands Corporation operates as a direct seller of various products across a range of brands and categories through an independent sales force. The company engages in the manufacture and sale of kitchen and home products, and beauty and personal care products.
- Tupperware has imbibed the Chain of Confidence Campaign in its direct selling model, creating invaluable connections that last a lifetime.
- Tupperware gives every woman the flexibility to set work schedules, own a business, earn extra income and have a wide circle of influence. The Chain of Confidence also provides an incredible support team of women all with a vested interest in personal and financial success.
-The Company’s sales are directly tied to the activity levels of its sales force, which is in large part a temporary working activity for sales force members. Activity levels may be affected by the degree to which a market is penetrated by the presence of the Company’s sales force, the amount of average sales per party, the amount of sales per sales force member and the mix of high-margin and low-margin products sold at parties and elsewhere, and the activities and actions of the Company’s product line and channel competitors.
SOURCE: http://www.tupperware.co.in/node/199
This comment has been removed by the author.
ReplyDeletePriya Rajan 14MBA0016
ReplyDeleteCompany Name: Muthoot Finance Limited,India's Largest Gold Loan Company
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio, according to the 2010 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2009 ("IMaCS Industry Report, (2010 Update)"). They provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Q1.Is wealth maximisation the objective of the firm?
Ans:Yes,wealth maximisation is the objective of the firm rather than profit maximisation.
Growth and money cannot sustain an organization for as long as uniqueness and excellence can.Muthoot Finance Limited are harbingers of this belief since their inception.
Q2. Does the firm exist with the sole objective of serving the interest of owners?
Ans:Apart from serving the interest of owners,the firm,being a part of the rapidly growing family, Muthoot Group, fosters in their culture, profound values of integrity, honesty and humility.
Q3.Do firm in practice state the vision, mission and values in broad terms ? How?
Ans:Vision
“Be the most trusted, globally diversified institution enriching lives of the masses while contributing back to the society.”
Mission
“To build leading customer-centric businesses enabled by technology, maintaining the highest standards of corporate governance and uncompromising values.”
Values
Ethics
Values
Reliability
Dependability
Trustworthiness
Integrity
Good Will
These values were inculcated when the company was formed, with the vision of “creating an organization capable of serving the versatile needs of a growing Indian financial market”. The purpose at hand is to identify and utilize untapped sections of the market and reach out to as wide an audience as possible.
Hence we can conclude that the firm hold their vission,mission and values broadly.
Q4.How is the Organisation of the finance function?
Ans:The Board of Directors of the Company or a Committee drawing power from the Board, while fixing interest rates on Gold Loan Schemes shall be guided by this policy document on Interest Rate Fixation. In addition to cost factors set out hereunder, the Board or the Committee shall be guided by the market conditions and various rules and regulations, if any, prescribed by the Reserve Bank of India or such other competent authority from time to time.
Interest charged under various Gold Loan Schemes shall have the following components:
Basic Interest Rate
Basic Interest Rate represents the rate chargeable under every Gold Loan Scheme irrespective of the risk weight attached to the schemes or the type of scheme. Basic Interest shall be arrived at after considering the following aspects:
Cost of Working Capital Funds
Overhead Costs
Return on Capital Employed
Risk Interest Rate
Risk Interest shall be determined by taking into account the degree of risk involved in loans under each loan scheme. While the rate shall be the lowest for the schemes where advance amount vis-à-vis the weight of gold is the lowest, it shall be increased for schemes offering higher advance amount for the same weight.
Penal Interest Rate
Loans outstanding for more than one year shall be charged penal interest in order to compensate the loss on account of liability exceeding the realizable value of gold given as security.
Name: Nita Mary Philip
ReplyDeleteReg No: 14MBA0018
Firm Name: Kingfisher Airlines
Q) Is wealth maximisation the objective of the firm?
Yes. Wealth Maximisation is the main objective of the firm.
Q) Does the firm exist with the sole objective of serving the interest of the owners?
United Breweries Group is the parent company that has a 50% stake in low-cost carrier Kingfisher Red.
No. It doesn’t.
Today Kingfisher Airlines is defunt. It shut down its operations in February, 2013. The share price of United Breweries today stands at Rs.815. There is a decrease of Rs.17.45/-
If the share price is looked at carefully then one would concur that the firm has not been consistent. There has been an erratic movement of the share price.
The company’s mission statement is as follows:
• Recognising that the organization is built around people who are the most valuable assets of the company.
• Continuously increase the long term value of the firm for the benefit of the shareholders.
• Will be a major contributor to the National Economy
Q) Does the firm in practice state the vision, mission and values in broad terms ? How?
No. It doesn’t.
The firm has failed to uphold the above stated values.
• It failed to recognize the hardwork of its salaried employee’s of Kingfisher Airlines by deferring their pay and also failed to please customers by cancelling most of their flights.
• The value of the firm has deteriorated with each passing year, beginning from September,2011. The chairman had then disclosed, for the first time, that the firm has incurred substantial losses and that the net worth of the company has eroded.
• Instead of being the major contributor to the National Economy, they were considered by the Indian Government whether to bail out the company.
Q) How is the Organisation of the finance function?
Since the commencement of the Airline operations in 2005, the firm has reported losses. After acquiring Air Deccan, the firm suffered a loss of Rs.10 billion. By early 2012 the accumulated losses were over Rs.70 billion. The firm’s assets were freezed by the Mumbai Income Tax department for non-payment of dues. The firm owes Rs. 70 crore to the service tax department. The revenue earned by the firm is Rs. 58.15 billion (2012) and its net income is Rs.-23.28 billion (2012)
The earnings per share value never increased. It remained constant at Rs.10 per share for the financial year 2011-2012.
N.Ashok kumar / 14MBA0059
ReplyDeleteFIRM NAME: INDIAN OIL CORPORATION LIMTED
Q1. Is wealth maximization the objective of the firm ?
Soln: YES,Wealth maximization is objective of the firm.Not only Wealth Maximization but also a structural inclination in the public sector society. They also look upon the Downstream Value Additions & Forward Integration. These are the core objectives of Indian oil corporation.
Q2. Does the firm exist with the sole objective of serving the interest of owners ?
Soln: INDIAN OIL CORPORATION is not only expanding the canvas of the organization but is also creating entirely new planes in energy domain to drive the organization into its future. In a nutshell,it is working towards ensuring sustainability of the organization by being its umbilical cord to its tomorrow.
Considering the ongoing organisation development driven projects and activities, and projection of future expansions and new business areas including alternate sources of energy and petro chemical business, the company envisages that its non E&P activities shall contribute to 25% of organization’s total revenue by the year 2025.
INDIAN OIL CORPORATION is involved in continuous scanning to identify synergistic business opportunities, evaluate viability and implement these opportunities for it to expand its wings in the entire value chain.
Q3. Do firm in practice state the vision, mission and values in broad terms ? How ?
Soln: VISION, MISSION & VALUES
To be global leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices.
. Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people.
. Imbibe high standards of business ethics and organizational values.
. Abiding commitment to safety, health and environment to enrich quality of community life.
. Foster a culture of trust, openness and mutual concern to make working a stimulating and challenging experience for our people.
. Strive for customer delight through quality products and services.
. Focus on domestic and international oil and gas exploration and petro chemical business opportunities.
. Provide value linkages in other sectors of energy business.
. Create growth opportunities and maximize shareholder value.
. Retain dominant position in Indian petroleum sector and enhance India's energy availability.
Q4. How is the Organisation of the finance function ?
Soln: They have
. Budgetary Conrol
. Code of Conduct
. Pre Audit Section
. Annual Reports
. Post Audit Section
. Financial Statements
. Working Capital Management Analysis
Srija Polisetty 14MBA0061
ReplyDeleteFIRM NAME : AMUL
Is wealth maximisation the objective of the firm?
YES.The wealth maximization objective is almost universally accepted goal of a firm. According to this objective, the managers should take decisions that maximize the shareholders' wealth.
2. Does the firm exist with the sole objective of serving the interest of owners?
The main motto of Amul is to help farmers i.e milk producers. Amul system works under objective of highest possible compensation to the milk producers and lowest possible price to consumers.Amul is the one who started using their profits for the milk producers common good.
3.Do firm in practice state the vision, mission and values in broad terms ? How?
Vision & Mission statement of AMUL:
VISION:
Amul vision is to provide more and more satisfaction to the farmers, their customers,employees and distributers
MISSION:
The motivated and dedicated workforce at amul are committed to produce wholesale and safe foods of excellent quality to remain market leader through development of quality management system, state of art technology, innovation and eco-friendly operations to achieve delightment of customers and milk producers
4.How is the Organisation of the finance function
Budgetary control
Financial statements
Annual reports
Quartely reports
Sujanth Mathew / 14MBA0010
ReplyDeleteFirm Name : Maruti Suzuki
Q 1) Is wealth maximisation the objective of the firm?
Yes, wealth maximisation is one of the objectives of the firm.
Q 2) Does the firm exist with the sole objective of serving the interest of owners?
No. The firm not only have the sole objective of serving the interest of owners but also have a commitment to create value through innovation, quality, creativity, partnerships, openness and learning. It also aims into the modernization of Indian automobile industry, production of fuel-efficient vehicles to conserve scarce resources , production of large number of motor vehicles which is necessary for economic growth. Maruti Suzuki set out with an obsession for customer delight, one that was unheard in the corridors of automobile manufacturers then. It created a road that was going to lead the world in to a whole new direction, laid out by Maruti Suzuki.
Q 3) Do firm in practice state the vision, mission and values in broad terms ? How?
" The leader in the Indian Automobile Industry, creating customer delight and shareholder's wealth; A pride of India.
Vision and Mission:
-> Customer obsession
-> Fast,Flexible and Fast movers
-> Innovation & Creativity
-> Networking & Partnerships
-> Openness & Learning
Q 4) How is the Organisation of the finance function?
-> Net sales and PAT
-> Profit and Loss Ratio
-> Sales volume
-> Annual reports
-> Quarterly reports
-> Sustainability reports
Source - (http://www.marutisuzuki.com/company-at-a-glance.aspx)
RIJO JAMES – 14MBA0027
ReplyDeleteFirm: Cairn India
1. Is wealth maximization the objective of the firm?
Cairn India is amongst the world’s fastest-growing independent oil and natural gas exploration and production companies. It combines a world-class asset portfolio with proven expertise across exploration, development and production. It delivers best-in-class production growth with one of the lowest operating costs. So wealth maximization, by diversification, is the key objective of the firm.
2. Does the firm exist with the sole objective of serving the interest of owners?
Cairn India is committed to the highest standards of Corporate Social Responsibility (CSR). The Company believes that business growth should propel community growth and create value for all stakeholders. Cairn India’s social development initiatives have benefited ~100,000 households across operational areas.
THE 3R’s OF CORPORATE RESPONSIBILITY FOR CAIRN INDIA ARE
RESPECT
As we strive to build a sustainable future, our core philosophy is driven by respect in all our interactions with people and this planet.
RELATIONSHIPS
We value and acknowledge the support and belief people have invested in us – as stakeholders, investors, partners, associates and most importantly – as members of team Cairn India!
RESPONSIBILITY
We are caretakers piloting growth and development endeavours. At Cairn India we understand and accept that responsibility is integral to who we are and how we function.
Cairn India has been awarded with the following:
FICCI Corporate Social Responsibility Award– 2013
Golden Peacock Award for Corporate Social Responsibility 2011 & 2012
HelpAge Silver Plate Award
TERI Corporate Award for Social Responsibility 2008
3. Do firm in practice state the vision, mission and values in broad terms? How?
VISION:
“To be a best-in-class E&P Company with a balanced portfolio delivering value through superior business performance and partnerships”
GOAL:
• To become a global, world-class E&P company.
• To establish a diversified and sustainable portfolio.
• To deliver long-term value to host Governments, Local Communities and all Stakeholders.
VALUES:
PIONEERING SPIRIT
Innovative thinking and a 'can do' attitude
• Demonstrates self-belief and confidence in new areas
• Experiments without fear of failure
• Provides leadership and drive to meet challenges
• Is passionate and outperforms on commitments
TEAMWORK
Working together towards common objectives
• Puts collective goal ahead of individual interest
• Asks for and gives help willingly
• Listens and respects other's opinion
• Shares information proactively
RESPECT
Care for people and environment
• Demonstrates empathy towards others
• Understands diversity and is sensitive to different cultures
• Committed to health, safety and security in our operations
• Cares for the community and environment
OWNERSHIP
Committed and accountable for our actions
• Responsible for our own and team's actions
• Takes personal accountability for delivery
• Goes beyond one's role to deliver on commitments
• Manages resources of the organization effectively
4. How is the Organization of the finance function?
• Full Annual Report
• Director's Report
• Management Discussion & Analysis
• Consolidated Financials
• Stand Alone Financials
• Corporate Governance Report
• Business Responsibility Report
(Sources: www.cairnindia.com)
Name : BINU C THOMAS
ReplyDeleteReg No : 14MBA0057.
FIRM NAME : VOLVO GROUP
The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 110,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. In 2013 the Volvo Group’s net sales amounted to about SEK 273 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.
Q) Is wealth maximisation the objective of the firm?
Yes. Wealth Maximisation is the main objective of the firm.
Q) Does the firm exist with the sole objective of serving the interest of the owners?
Apart from wealth and profit maximisation and serving the interest of the owners, the group stick on to the core values.Quality,safety and environmental care are the three core values.The Volvo Group views its corporate culture as a unique asset, since it is difficult for competitors to copy. By applying and strengthening the expertise and culture the group have built up over the years,the group achieve the vision.
Q) Does the firm in practice state the vision, mission and values in broad terms ? How?
The Volvo Group firmly believes that only a sustainable company can provide sustainable solutions.The vision of the group is to become the world leader in sustainable transport solutions.
VISION & MISSION:
The Volvo Group's vision is to become the world leader in sustainable transport solutions by:
-creating value for customers in selected segments.
-pioneering products and services for the transport and infrastructure industries.
-driving quality, safety and environmental care.
-working with energy, passion and respect for the individual.
VALUES:
Quality, safety and environmental care are the values that form the Volvo Group’s common base and important components of the corporate culture. The values have a long tradition and permeate the organization, the products and the way of working. The goal is to maintain a leading position in these areas.
Q) How is the Organisation of the finance function?
Preparing Annual Reports including Audit reports,Balance sheet,Profit and Loss Account and Cash flow statements.
Quarterly Results
Code of Conduct.
Management Analysis
Corporate Governance.
source : http://www.volvogroup.com/group/global/en-gb/Pages/group_home.aspx
Name : v . chiranjeevi
ReplyDeleteReg.no : 14MBA0060
Firm name : samsung
Q1. Is wealth maximization the objective of the firm ?
Ans: yes, wealth maximisation is the one of the main objective of the firm. Maintaining it’s products in the market.
Samsung industrial subsidiaries include Samsung Electronics (the world's largest information technology company measured by 2012 revenues, and 4th in market value),[2] Samsung Heavy Industries (the world's 2nd-largest shipbuilder measured by 2010 revenues),[3] and Samsung Engineering and Samsung C&T (respectively the world's 13th and 36th-largest construction companies).[4]Other notable subsidiaries include Samsung Life Insurance (the world's 14th-largest life insurance company.
Q2. Does the firm exist with the sole objective of serving the interest of owners ?
Ans ) yes, firm exist with the sole objective of serving the interest of owners.
To extend amongst members the knowledge and appreciation of computers, automatic data processing systems and Computer based automatic control system, and of theory related thereto.
To foster an informed public opinion regarding computation and computing machinery and techniques related thereto.
To take interest in the general professional welfare of the members.
Share value is $1,100 increase of 20.00 from before closed share.
Q3. Do firm in practice state the vision, mission and values in broad terms ? How ?
Ans ) vision :
As stated in its new motto, Samsung Electronics' vision for the new decade is, "Inspire the World, Create the Future."
This new vision reflects Samsung Electronics’ commitment to inspiring its communities by leveraging Samsung's three key strengths: “New Technology,” “Innovative Products,” and “Creative Solutions.”
, Samsung has also established three strategic approaches in its management: “Creativity,” “Partnership,” and “Talent.
Mission:
. Samsung is committed to being a creative leader in new markets and becoming a truly No. 1 business going forward.
Samsung’s current Management Philosophy is
"We will devote our human resources and technology to create superior products and services, thereby contributing to a better global society."
Since its founding in 1938, SAMSUNG has maintained a mission statement that responds both to its own change, and to new developments in the world: "Economic contribution to the nation", "Priority to human resources", "Pursuit of rationalism".
Values:
Commitment: There is a commitment in the working people of Samsung.
Quality : Maintaining quality of the products that makes customer satisfy.
Opportunity : Finding the opportunity in the market and with stand in the competition.
These are the rules followed by the Samsung to maintain it’s position stable.
Q4. How is the Organisation of the finance function ?
Ans ) Samsung was founded by Lee Byung-chul in 1938 with small company of 40 employees. Now it has employees of 427,000.
Second largest mobile manufacturer in the world after apple.
Revenue US$ 327 billion (2013)
Net income
US$ 30.1 billion (2013)
Total assets
US$ 100.4 billion (2013)
Total equity
US$ 70.3 billion (2013)
In FY 2009, Samsung reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY 2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6 billion) (based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot rate as of 19 August 2011).
Krw—(Korean won)
1 korean won = 0.055 indian rupee
Suganya M / 14MBA0032
ReplyDeleteFirm Name : ICICI Bank
1) Is Wealth Maximization the objective of the firm?
Yes Wealth Maximization is one of the core objectives of the firm
2)Does the firm exist with the sole objective of serving the interests of owners?
Yes and also the bank has adopted a framework for managing conflict of interest which articulates several measures taken by the bank in ensuring that conflicts of interests are handled in an appropriate manner at the individual employee level, at the level of Board of Directors and at the Owners' level.
3)Do the Firm in practice state the Vision, Mission and Values in broad forms? How?
Yes the Vision Mission and Value Statements are portrayed in a detailed fashion. They are as follows
VISION : To be the leading provider of Financial Services in India and a major global bank.
MISSION : We will leverage our people, technology, speed and financial capital to :
*be the banker of first choice for our customers by delivering high world-class products and services
*expand frontiers of our business globally
* play a proactive role in the full realization of India's potential
* maintain healthy financial profile and diversify our earnings, businesses and geographies
* create value for our stakeholders
VALUES: Success of the company will be founded in its unflinching commitment to five core values
*Integrity with shareholders
*Customer-first
*Boundary-less
*Humility
*Passion
4)How is the Organization of the Finance Function?
ICICI Group take the prime responsibility to communicate effectively with shareholders so that they are provided with full, accurate and timely information in all material respects about the ICICI Group's Financial results and condition of operations. The reports and documents are required to be filed with or submitted to regulatory authorities in various countries. Hence such reports and any other public communications should be full, accurate, timely and understandable.
Sources : http://www.icicibank.com/aboutus/about-us.page?
S.ASHOK KUMAR / 14MBA0038
ReplyDeleteFIRM NAME: NESTLE.
1. Yes. Wealth maximization and also Growth, nestle focus along with customer delight, innovation and value creation Nestlé is a responsible organisation and facilitates initiatives that help to improve the quality of life in the communities.
2. Nestlé set up milk collection centres that would not only ensure prompt collection and pay fair prices, but also instil amongst the community, a confidence in the dairy business.
Progress involved the creation of prosperity on an on-going and sustainable basis that has resulted in not just the transformation of Moga into a prosperous and vibrant milk district today, but a thriving hub of industrial activity.
Nestlé has been a partner in India's growth for over nine decades now and has built a very special relationship of trust and commitment with the people of India.
The Company's activities in India have facilitated direct and indirect employment and provides livelihood to about one million people including farmers, suppliers of packaging materials, services and other goods.
RESPECT TOWARDS CUSTOMER.
We are result oriented, setting high performance standards for ourselves as individuals and teams. We will simultaneously respect and value people and uphold humanness and human dignity.
We acknowledge that every individual brings different perspectives and capabilities to the team and that a strong team is founded on a variety of perspectives. We want individuals to dream, value differences, create and experiment in pursuit of opportunities and achieve leadership through teamwork.
COMPANY FOCUS.
The Company continuously focuses its efforts to better understand the changing lifestyles of India and anticipate consumer needs in order to provide Taste, Nutrition, Health and Wellness through its product offerings.
The culture of innovation and renovation within the Company and access to the Nestlé Group's proprietary technology/Brands expertise and the extensive centralized Research and Development facilities gives it a distinct advantage in these efforts.
It helps the Company to create value that can be sustained over the long term by offering consumers a wide variety of high quality, safe food products at affordable prices.
3. Mission:
Nestlé is the world's leading nutrition, health and wellness company. Our mission of "Good Food, Good Life" is to provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions, from morning to night.
Vision & Value:
To be a leading, competitive, Nutrition, Health and Wellness Company delivering improved shareholder value by being a preferred corporate citizen, preferred employer, preferred supplier selling preferred products.
4. They have:
Stock listing
Unaudited Financial Results for the Quarter/Half of the year
Annual Reports
Audited Financial Results
Code of Conduct
(http://www.nestle.in/investors)
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteName: Sana Poojitha /14MBA0020
ReplyDeleteFirm: Coca-Cola
1. Is wealth maximization the objective of the firm?
A. Yes, wealth maximization is the objective of the firm.
2. Does the firm exit with sole objective of serving the interest of the owners?
A. Coco- Cola not only has a sole objective of serving the interest of the owners but also has a set of other objectives.
Objectives give a sense of direction, unity, and purpose. They play a major role in forming the foundation for companies decision making process. Objectives can be through mission statements, strategies and tactics both refer to a plan or scheme but strategies are long term plans that have significant consequences while tactics are short term and may be less significant in comparison to strategies.
The Coca-Cola Company is a leader in the beverage industry with a reputable brand and has global presence. According to the Coca-Cola Company’s mission statement and 2020 vision some of its objectives include:
• Increase profit by cutting down costs through productive and efficient production facilities;
• Focus on environment friendly bottling production and enforce sustainability;
• Continue to diversify its portfolio through innovations and partnerships, keeping consumer demands in mind;
• Increase annual operating income by 6-8% in order to double their revenue by 2020.
2020 Vision
The Coca-Cola Company and its bottling partners developed a 2020 Vision in 2009. This vision is a roadmap to doubling their global system revenues in the next 10 years by focusing on six key areas: profit, people, portfolio, partners, planet, and productivity (The Coca-Cola Company, 2014).
3. Does firm in practise state the vision, mission and values in broad terms? How?
Our Mission
Our Roadmap starts with our mission, which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions.
• To refresh the world...
• To inspire moments of optimism and happiness...
• To create value and make a difference.
Our Vision
Our vision serves as the framework for our Roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth.
• People: Be a great place to work where people are inspired to be the best they can be.
• Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy people's desires and needs.
• Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring value.
• Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities.
• Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities.
• Productivity: Be a highly effective, lean and fast-moving organization.
Live Our Values
Our values serve as a compass for our actions and describe how we behave in the world.
• Leadership: The courage to shape a better future
• Collaboration: Leverage collective genius
• Integrity: Be real
• Accountability: If it is to be, it's up to me
• Passion: Committed in heart and mind
• Diversity: As inclusive as our brands
• Quality: What we do, we do well
Name: Manoj P S
ReplyDeleteReg. No.: 14MBA0065
Company: BP (British Petroleum)
1. Is wealth maximization the objective of the firm?
Yes, a company’s primary purpose is to maximize shareholder value. The term was introduced by Corporate America few decades ago.
2. Does the firm exist with the sole objective of serving the interest of owners?
No, the company cannot exist with sole objective of serving the interest of owners.
The belief that shareholders come first is not codified by any statute. Rather, it was introduced by a handful of free-market academics in the 1970s and then picked up by business leaders and the media until it became an often repeated mantra in the corporate world.
This overwhelming drive to maximize shareholder wealth leads the company to lay off workers in huge waves, keeping average wages low and threatening to move operations abroad in the face of regulations and taxes, illicit business activities, etc.
Companies with the sole objective of serving the interest of owners cannot survive in the long run.
Few Examples,
1. Kingfisher Airlines
2. Sahara Group
3. Sathyam Computers
3. Do firm in practice state the vision, mission and values in broad terms? How?
Yes, the firms state the vision, mission and values in broad terms. They post it on their websites, Annual reports, etc.
BP’s Vision:
We are pursuing our strategy by setting clear priorities, actively managing a quality portfolio and employing our distinctive capabilities. Our financial objective is to create shareholder value by generating sustainable free cash flow (operating cash flow less net investment).
4. How is the Organization of the finance function?
BP reported its financial results for the third quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating cash flow for the first nine months of 2014 was $25.5 billion.
Reflecting confidence in delivering its 2014 operating cash flow targets and the robustness of its financial framework in a weaker oil price environment, BP announced a quarterly dividend of 10 cents per ordinary share, a 5.3% year-on-year increase. It is expected to be paid in December.
Sharath Joseph / 14MBA0047
ReplyDeleteFirm Name : Apollo Tyres
1. Is Wealth Maximization the objective of the firm?
Yes Wealth Maximization is one of the major objectives of the firms
2. Does the firm exist with the sole objective of serving the interest of owners?
As an organisation, Apollo Tyres is committed towards creating values for its stakeholder.
And the crucial link here is building a sustainable business, driven by strategic growth and responsible actions.
They also look forward to giving back to the society and ensuring minimum usage of natural resources available with the sole intention of protecting the environment
3.Do firm in practice state the vision, mission and values in broad terms ? How?
Vision:
A significant player in the global tyre industry and a brand of choice, providing customer delight and continuously enhancing stakeholder value.
Values:
Customer First
Business Ethics
Care for Society
Empowerment
Communicate Openly
One Family
4.How is the Organisation of the finance function?
The Company registered a net turnover of Rs 54,905 million as against Rs 50,366 million during the previous ?nancial year, a growth of 9%.
The Company also registered EBIDTA of Rs 5,603 million as compared to Rs 7,949 million during the previous ?nancial year.
The net pro?t for the year under review was Rs 1,983 million, as against Rs 4,150 million in the previous ?scal.
A dividend of Re 0.50 (50%) per share on Equity Share Capital of the Company for the FY 2010-11 was approved, bearing tax on dividend @ 16.22%, inclusive of surcharge.
Source : http://www.apollotyres.com/india/
Venkadesh J / 14MBA0055
ReplyDeleteFIRM NAME : INFOSYS
1.Is wealth maximization the objective of the firm?
Yes. Wealth maximization is the main objective of the firm.
Wealth maximization is a modern approach to financial management. Maximization of profit used to be the main aim of a business and financial management till the concept of wealth maximization came into being. It is a superior goal compared to profit maximization as it takes broader arena into consideration. Wealth or Value of a business is defined as the market price of the capital invested by shareholders
2.Does the firm exist with the sole objective of serving the interest of owners?
Firms not only concentrate on the objectivies of serving the interest of owners but also concentrate on several things like improving the life of customers, CSR activities.Infosys is mainly now days focus on CRS activities. The stakeholders are also to be served by thecompany and the role they play cannot be ignored. Moreover serving the society is also the aim of the company.
3.Do firm in practice state the vision ,mission and values in board terms? how?
Corporate vision is a short, succinct, and inspiring statement of what the organization intends to become and to achieve at some point in the future, often stated in competitive terms. Vision refers to the category of intentions that are broad, all-inclusive and forward-thinking. It is the image that a business must have of its goals before it sets out to reach them. It describes aspirations for the future, without specifying the means that will be used to achieve those desired ends.
Vision & Mission
Infosys' Vision:
"To be a globally respected corporation that provides best-of-breed business solutions, leveraging technology, delivered by best-in-class people."
Infosys' Mission Statement :
"To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large."
The values that drive us: C-LIFE
Customer Delight: A commitment to surpassing our customer expectations.
Leadership: A commitment to set standards in our business and transactions and be an exemplar for the industry and our own teams.
Integrity and Transparency: A commitment to be ethical, sincere and open in our dealings.
Fairness: A commitment to be objective and transaction-oriented, thereby earning trust and respect.
Pursuit of Excellence: A commitment to strive relentlessly, to constantly improve ourselves, our teams, our services and products so as to become the best
.4.How is the organization of the finance function?
Annual Report
Corporate governance report
Pre audit section
Financial statements
Dividend decisions
Financial decisions
Investment decisions.
Source: www.infosys.com
http://www.efinancemanagement.com/financial-management
SURENDHER.B.U 14MBA0012
ReplyDeleteCOMPANY NAME : MICROSOFT
1.Is wealth maximization the objective of the firm?
Yes the main objective of any organization is to maximize the wealth of the shareholders.It means that the financial decisions should be taken in such a way that the shareholders receive highest combination of dividends and increase in the market price of shares.
2.Does the firm exist with the sole objective of serving the interest of owners?
Microsoft wants to sell more software to a largely untapped market in poor and developing economies and today is laying out a plan — including a $3 software suite — to do so. The company says extending the benefits of technology to the vast majority of the world's population will promote positive social and economic change. Currently, the information-technology industry reaches the world's richest 1.2 billion people, mainly in the mature economies of Europe and North America. At Microsoft's Government Leaders Forum today in Beijing, Chairman Bill Gates provided details on the company's "Unlimited Potential" plan to reach the next 5 billion people.
3. Do firm in practice state the vision, mission and values in broad terms ? How?
Mission:
At Microsoft, our mission is to enable people and businesses throughout the world to realize their full potential. We consider our mission statement a commitment to our customers. We deliver on that commitment by striving to create technology that is accessible to everyone—of all ages and abilities. Microsoft is one of the industry leaders in accessibility innovation and in building products that are safer and easier to use.
Vision:
"Our vision is to create innovative technology that is accessible to everyone and that adapts to each person's needs. Accessible technology eliminates barriers for people with disabilities and it enables individuals to take full advantage of their capabilities.
4.How is the organization of the finance function?
Annual Report
Corporate governance report
Pre audit section
Financial statements
Dividend decisions
Financial decisions
Investment decisions.
Name: Abhishek C
ReplyDeleteReg No: 14MBA0002
Q) Is wealth maximisation the objective of the firm?
Yes.
Wealth maximisation is the objective of the firm.
Q) Does the firm exist with the sole objective of serving the interest of the owners?
No. The firm does not exist with the sole objective of serving the interest of the owners.
The Ford Motor company has a clear mission to be relevant and profitable for the future.
Their theme is: One Team, One Plan, One Goal.
Their objectives are:
• Accelerate development of new products that customers want and value.
• To deliver profitable growth for all
• Community satisfaction
The vision of the organization is to keep in pace with the Growth plan of Ford India in providing the required Sales and Service infrastructure for the convenience of prospective customers. To achieve customer satisfaction and Market share objectives at Ford, India in the Segment and in the areas of Production.
Q) Does the firm in practice state the vision, mission and values in broad terms ? How?
Yes. The firm does practice its mission, vision and values.
With respect to the firm’s mission, it has produced world class cars such as Ford Endeavour and the popular selling car- Ford Figo. The firm has a ‘Happy Pocket Service’ where customers experience comprehensive, quality and hassle-free service experience.
With respect to the vision, Ford India today has a market share of 3%. This may seem as a small number however the company has experienced major improvements. Earlier Ford wasn’t focused on India but today inspite of garnering losses the company continues to invest in the Indian segment of the company.
Q) How is the Organisation of the finance function?
The company is facing a return on investments question. If it can’t make profits 17 years after setting shop in India, when would it do so.
Ford reported a cash profit of Rs.144 crore in the 2012 financial year. But a depreciation charge of Rs.284 crore pushed it to losses. For the company to break-even, the firm has to sell atleast 3000 units of Rs5-Rs7.5 lakh range in one month and 6,000 units a month for products in the Rs 3-5 lakh price range.
Hence the current aim of the firm in India is to break even.
DIVYA V / 14MBA0022
ReplyDeleteFIRM NAME : HCL Infosystem ltd
Solution 1.
Yes. wealth maximization is prime aspect for an organisation to run in the corporate world
Solution 2
Management objective
To fuel initiative and foster activity by allowing individuals freedom of action and innovation in attaining defined objective
People objective
To help people in HCL infosystem limited share in the company successes which they make possible to provide job security based on the performance to recogonize the individual achievements and help them gain a sense of satisfaction and accomplishment from their work
Solution 3
VISSION
Together we create the enterprise of tomorrow
MISSION
To provide world class information technology solution and render service to enable our customer and to serve their customer better.
Solution 4
Core value of HCL
Employees first
Value certainty
Trust, transparency and flexibility.
Good job!
ReplyDeleteHema Priya M 14MBA0046
ReplyDeleteFirm : Mahindra Holidays & Resorts India Ltd. (MHRIL)
1. Is wealth maximisation the objective of the firm?
Comment: "Yes" .
Reason: In 2013, it was reported that the company is working towards acquiring
and building additional resorts all over the world.
2.Does the firm exist with the sole objective of serving the interest of owners?
Comment: "No"
Reason: The firm was founded on a timeshare basis to provide holidays. The firm
primarily concentrates on catering good holiday experience to the members and
secondarily increasing its member base through quality service.
The firm's sole objective is to become the market leader and delight more members
rather only affirming the investor's objectives.
3. Do firm in practice state the vision, mission and values in broad terms ? How?
Comment: Mission Objective - "Good Living. Happy Families"
Vision Objective - "We will be among the Top 5 VO companies of the
world in terms of member base by FY 2016".
Over the last decade, MHRIL has established itself as a market leader in the family
holiday business. The company has followed a two pronged strategy – rapidly
increasing its bouquet of resorts to provide more variety in holidaying options and
enhancing its service levels to its members to provide delight at every point of
interaction.
All MHRIL resorts are totally geared to cater to a variety of holiday needs and
experiences in all areas of operation, from housekeeping to food & beverage to
holiday activities. Creating and managing the holiday experience is a core
strength.
As of 2013, thirteen of the Club Mahindra resorts were bestowed with the
RCI "Gold Crown" rating.
4.How is the organization of the finance function?
Comment: In spite of subdued macroeconomic environment, the Company
performed creditably during the year. The Company''s total income (including
other income) grew at 12 per cent from Rs. 71,594 lakh in 2012-13 to
Rs. 79,893 lakh in 2013-14. Profit After Taxes (PAT) declined from Rs.
10,698 lakh in 2012-13 to Rs. 9,453 lakh in 2013-14 mainly due to
higher operational expenses (due to investment in systems, process and
branding and higher depreciation (due to completion of greenfield
projects). Diluted Earnings Per Share (EPS) of the Company was Rs.
10.75 in 2013-14, down from Rs. 12.75 in the previous year.
SHOUVITRA DASGUPTA (14MBA0008)
ReplyDeleteCOMPANY NAME - CESC LIMITED
1. Is wealth maximisation the objective of the firm?
A. YES. Wealth maximization and maximization of value to stakeholders are the objectives of the firm. They are going for huge investments in India’s power sector. It is contributing to nation building.
2. Does the firm exist with the sole objective of serving the interest of owners?
A. As mentioned in one of its key statements,Apart from this CESC Limited is a socially responsible company, which aims at contributing towards the upliftment of the poor and underprivileged residing in its area of operation, along with its focus on generating profits, protecting the interests of investors and shareholders, and, serving its customers with utmost satisfaction. The Company is aware of its duties towards the society and environment in which it operates and recognizes its role in managing the social, economic and environmental challenges confronting society.
(cont'd)
(cont'd)
ReplyDelete3) Do firm in practice state the vision, mission and values in broad terms ? How ?
A.Vision
We will be a profitable consumer oriented power utility consistent with global standards meeting the expectations of consumers, employees and other stake holders. We will achieve this vision by:
• Achieving efficiency of operations and further developing core competencies.
• Readjusting the business consistent with the changing environment, technologically and commercially.
• Maintaining a rewarding and stimulating organizational climate with people orientation.
• Reaffirming faith in the organization’s ethics and values developed in course of our long existence.
• Harnessing and developing our professional competence.
• Being responsive to social requirements.
Mission
We will meet consumer’s expectations continuously by providing safe, reliable and economic electricity through optimization of available resources. We will achieve this mission by:
• Accomplishing targeted performance in the key result areas of our business operations.
• Enhancing consumer satisfaction through value addition to service supported by a consumer feedback monitoring system.
• Being recognized as an ethical and environmentally responsive organization.
• Improving work environment and helping employees for personal development and career satisfaction through an interactive approach.
Core Values
• Customer Happiness – Bring a smile on the face of your customer
• Credibility – Instill trust and confidence with your actions
• Humaneness – Be Caring and Respectful to all
• Execution Excellence – Put your heart and soul into your actions
• Speed – Move ahead of time
• Risk Taking – Dare to go beyond
4) How is the organization of the finance function?
A. Financial performance
Financial review
Dividend
Unclaimed/unpaid dividend(transfer to investor education and protection fund)
Transfer to general reserve
Consolidated financial statement
Subsidiary companies
Credit rating
Management discussions and analysis report
Corporate Governance
Auditors
FS WAY is the platform where they gather the values that must be in our everyday attitudes to reach our strategic goals defined in WIR 2018. These values represent the way to be of each of Volkswagen Serviços Financeiros employees and, therefore, are the basis of our attitudes and relationship at our daily work. More than this: these values are part of our identity and define us as part of the professional community of Volkswagen Serviços Financeiros, in Brazil and all over the world.
ReplyDeletefive values:
Customers commitment
Customer guidance and focus on market opportunities are vital parts of Volkswagen Serviços Financeiros DNA.
It is working along with the customer that they find new solutions, that they truly get to know their needs, that they become really present and, finally, they can delight them.
Responsibility
They are all responsible for success and, therefore, they are, most of all, responsible for a theyll done work and to reach our goals.
On FS Way, it means that they agree and assume responsibility for the organization's strategic objectives, generating respectful and fair behavior to all of our stakeholders.
Confidence
It is the basis of all relationships among people. Therefore, an actual environment of true confidence is essential to our environment and work results.
They must generate credibility every day and the only way to get this is dedicating our time on people who they work with, listening, paying attention, sharing information and helping their ongoing development and learning.
Courage
Courage to dare, to change, take risks and to achieve goals. Courage to live. Courage is what drives our path and helps us overcome limits.
They encourage proactivity and continuous learning as our culture. Together, they have to create an auspicious innovation environment. They must take reasonable risks, manage the fear, turn it into actions and motivate people to face challenges with intelligence.
Enthusiasm
Loving what they do brings us a life force and a different energy. Enthusiasm makes us see farther and act with confidence and certainty of our success. And our energy is decisive to achieve our goals and to delight our customers.
4) The finance function:
• Annual reports
• Quarterly dividends
• Financial press release
• Post Audit Section
• Financial Statements
• Working Capital Management Analysis
• Share holding pattern
Reffrence:
(http://www.volkswagen.co.in/en/volkswagen_world/volkswagen_india.html)
(http://www.bancovw.com.br/en/home/institucional/missao-visao-valores.html)
(http://www.volkswagen-karriere.de/en/what_we_do/corporate_divisions/controlling_and_finance.html)
DIVAKAR/14MBA0045
ReplyDeleteFIRM:IBM
Q) Is wealth maximisation the objective of the firm?
Yes. Wealth Maximisation is the main objective of the firm.
Q) Does the firm exist with the sole objective of serving the interest of the owners?
NO,IBM has the following long term objectives
We have an outstanding portfolioof industry leading businesses and are well positioned to deliver our long-term business model.
We will grow revenue via new markets, new offerings and new products through a combination of development and acquisitions.We will drive sustained productivity to improve margins.
We will continue to generate strong cash flows which will be used to fund growth initiatives and provide shareholder returns through dividends and share repurchase.
Q) Do firm in practice state the vision, mission and values in broad terms ? How ?
Vision
“Solutions for a small planet”
Mission
We strive to lead in the invention, development and manufacture of the industry's most advanced information technologies, including computer systems, software, storage systems and microelectronics. We translate these advanced technologies into value for our customers through our professional solutions, services and consulting businesses worldwide.
Values
Dedication to every client's success
Innovation that matters, for our company and for the world
Trust and personal responsibility in all relationships
NAVEEN PINTO DURAI. E 14MBA0026
ReplyDeleteFIRM NAME : ADITYA BIRLA NUVO LIMITED
1. Is wealth maximization the objective of the firm?
Ans: Yes, Reason,
Ranked 4th in global top companies for leaders & 1st in Asia Pacific.
• Anchored by about 120,000 employees belonging to 42 nationalities.
• Trusted by over 1.2 million shareholders and over 145 million customers.
A USD 40 billion Corporation by revenue size and ~USD 30 billion Group by Market Cap
1995 2014
Revenue USD 0.2 billion USD 4 billion
Businesses 5 De-risking through portfolio of 14 business segments representing varied sectors of Indian Economy
Market Cap USD 0.3 billion USD 3.5 billion
Brands ~ 6 ~30
Customers < 1 million Touching lives of 145+ million Indians
Employees ~ 13,500 Anchored by strong management teams & about 49,000 employees
3.Do firm in practice state the vision, mission and values in broad terms ? How
Ans: Vision
“To be a premium conglomerate building leadership in businesses
and creating value for all the stakeholders”
Mission
•Investing in the promising sectors
•Building leadership in businesses
•A platform to drive synergy of resources
•Delivering best value to all the stakeholders
•To be a responsible corporate citizen
4.How is the Organization of the finance function?
Ans: Financial Investment
The Company garnered weighted new business premium of ` 1,851 crore on the back of strong sales of group business. We consolidated our position at no. 5 for overall new business in FY12, among the private players of the industry, d to no. 6 position last year.
The company garnered weighted new business premium of ` 1,851 crore with a growth of (9%) against the industry growth of (17%).
Dividend Decision
Considering the Company’s profitability, cash flow and capital position, an interim dividend was paid out for the first time at 5% of share capital amounting to ` 98.5 crore (excl. Dividend Distribution Tax) in Q4 FY12.
Investment Decision
The year under review saw our Banc assurance channel delivering an Annualized Premium Equivalent (APE) in excess of ` 200 crore. With a strong existing banc assurance model to leverage, we are confident that we will be making further in-roads in this channel in the years to come. We are keen to tie-up with a large retail bank partner the past 12 months, the Company has built considerable momentum in this area. Further, the proposed regulatory guidelines on banc assurance are expected to provide opportunities to the Company for additional tie-ups.
2. Does the firm exist with the sole objective of serving the interest of owners?
Ans: Yes, Aditya Birla nuvo Group exist with the sole objective of serving the interest of owners.
NAME-CH.SRUTHI
ReplyDeleteREG NO-14MBA0040
BHARTI AIRTEL
(Incrores)
Income = 8,65,768
Profit before tax = 78,643
Profit after tax = 27,727
Current asset = 2, 23,857
Current liability = 5, 68,050
Current ratio = 0.4
Debt equity ratio = 0.9
Return on asset = 4.7
EPS = 6.9
RELIANCE
(Incrores)
Income = 2,23,210
Profit before tax = 1,160
Profit after tax = 10,470
Current asset = 1,33,770
Current liability = 2,55,380
Current ratio = 0.5
Debt equity ratio = 0.9
Return on asset = 4.5
EPS = 5.1
From the above data we can say that total revenue of the airtel is more when compared with the reliance. So, airtel is running more when compared with reliance. Current ratio of the reliance is more than airtel.
But the debt equity ratio is same for airtel and reliance that is 0.9.Return on assets is more for airtel i.e., 4.7 when compared with reliance i.e., 4.5.
The net profit for reliance is more than the airtel i.,e 4.9.The profit before tax for airtel is 78,643 and for reliance is 1,160 so, we can say that profit before tax is more for airtel. Coming to profit after tax airtel is more when compared to reliance i.e., 27,727.
So, that finally we can say that according to financial analysis airtel is running more in the market when compared with reliance .