...Unnati Investment Management Research Group Management Development Institute Tata Chemicals Ltd. Tata Chemicals Tata Chemicals was incorporated in 1939 after the acquisition of Okhamandal Salt Works Its products are divided into 3 categories Living essentials, Industry essentials and Farm essentials Presence in 4 continents Africa, Asia, Europe and North America It is the world’s second-largest producer of soda ash, leading manufacturer of soda ash in Africa, sodium Buy (CMP=318.10) carbonate, salt and sodium bicarbonate in Europe, and high quality soda ash through strategic acquisitions. The company reported the results of Q1 2012 indicating an 18 % increase in revenues q-o-q and a 0.6 % increase in net profits q-o-q. Segmental Break down of Revenue (FY-2010) Geographical Break down of Revenue (FY-2010) Soda Ash 1% Asia 1% 7% 10% 18% Complex Fertilizers 11% America 38% Urea Vaccum Salt 16% 72% Europe Africa Cement 26% Others INVESTMENT RATIONALE Growing Capacity Across domains •Expansion of salt capacity: 200K TPA debottlenecking capacity at 180 crores on track and expected to commence operations by March 2012. •Expansion of soda ash capacity at GCIP: Tata Chemicals plans to spend more than $100 million to expand soda ash making capacity by 400,000 tonnes •Fertilizer unit at Gabon: Setting up of 1.3 million TPA Urea capacity expected to be commissioned within 36 months I-shakti Success: First national brand for pulses launched...
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...Q1)How long have you known the applicant and in what capacity? I feel pleased to write this testimonial for Ritabrata Chakrabarti whom I have known for the entire period of his undergraduate studies (2003 – 2007) at Institute of Engineering and Management (IEM). I taught him several courses on mathematics. Q2) What do you consider the applicant's most outstanding talent or ability? As mentioned before, Ritabrata had taken several courses in the field of mathematics under my guidance. Consequently, I had numerous instances to assess his academic potential. During this period of interaction, I have found him to be extremely attentive, intellectually independent and focused towards his aspirations. He has also displayed consistency in his academic performance and commendable maturity in his learning curve. Academically, Ritabrata has been one of my best students from his class. Despite this, he has remained humble and focused and strives to put in that extra effort in all his activities. He has displayed significant sincerity towards his assignments and his commitment to get them completed on time. This has indeed been much appreciated by several faculty members within the department. His inquisitiveness coupled with his grit and determination gives me enough confidence in his ability to pursue education at the highest level. Personally, Ritabrata has always appeared to be a responsible person. I have always found him to understand and appreciate the significance...
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...Management Recommendations Management Recommendations Self-assessment tools are useful for managers in creating plans to motivate, engage, and satisfy employees under supervision. A self-assessment was completed by an employee under the simulated company Riordan Manufacturing. Derrick is an actual employee under current supervision and the assessment scores will be used for the assignments. All scores and results are determined by the Parsons Prentice Hall self-assessment library. Analysis is predetermined by the scoring of each individual question on the self-assessment library. The scoring and analysis are useful when determining the management recommendations and creating a motivational action plan. To keep Derrick satisfied, finding the problem with his co-workers inabilities to get along with each other will be a priority for management to resolve. The self-assessment did find Derrick to feel very satisfied with the freedom to accomplish tasks without constant supervision. The score of 71 for job satisfaction can help reduce absenteeism and turnover within the organization. The lowest scores from the self-assessment came from the self-engaged and the deliberate decision scales. The scoring was reversed in several of the questions affecting the overall score of the self-assessment. Fully engaging Derrick to the priorities of the organization would increase the chances of positive outcomes when dealing with work related activities. Although deliberate decision making...
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...instruments that are used in this style of music include the violin, trumpet, and the guitar. There are two different types of guitars, the vihuela (the small guitar) and the guitarron (the larger guitar). The harp is sometimes incorporated in mariachi. Mariachis origin is Mexico. Linda Ronstadt is known for promoting her mariachi music in North America. In her music the vocals are very prominent which reflects the ranchera style of mariachi. Mariachi has the stereotype that is connected to images such as sombreros. It is also said that all Mexican music is the same, which is untrue. Samba- The origin of this style of music is Afro-Brazilian and from Rio. The instruments that are primarily used in samba are the agogo, tambourines, reco-reco, and drums. The majority of the instruments are percussion based. The culca is the most distinctive instrument used in samba. It has a stick inside of it and uses a moist cloth. When the stick is put in motion its rubs the inside to produce different sounds. Brazil first viewed samba as an ill-mannered dance that was done by low-class citizens of Rio de Janerio. When Getulio Vargas took power he looked at samba as positive and used it to unify Brazil. Samba was found mostly when Carnival took place. It wasn’t until Vargas came along and made Carnival a national event and supported samba schools. Not only did he support the samba schools, he also offered public funds to help the school financially. Vargas was a cultural icon for...
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...RECO ------------------------------------------------- Memo RECO Group is the number one manufacturer of plastic pallets. To allow the company maintaining its leadership position, the information technology plan needs to be improved. On Tuesday, October 1st, after the meeting of the Board of Directors, the group started the cut spending plans. One of the major reasons for that is the actual economic problem in the market. In order to save money, it is necessary for all the units to consider ways to improve communication between the executives of the branches. Definition of the problem The headquarter is located in Washington DC. The company, through its five subsidiaries, operates in different states: California, Colorado, Nevada, Nebraska, and New York. Each month, the General Managers and the CFOs of the five branches need to attend the executive meeting in DC to relate the performance of each unit. Every branch pay monthly two roundtrip flights, one night hotel for two, and additional fees (including the transportations). These costs are detailed in the table below: Costs | Amount in dollars | 1 Roundtrip flight | 300 | 1 night Hotel. (Four Seasons HTL) | 600 | Additional fees | 500 | Total per Person | 1,500 | Total per subsidiary (2 persons) | 3,000 | Total per year per branch | 36,000 | Global cost for the Group | 180,000 | As our Group consolidates it financial statements, the cost per subsidiary impact the parent company in Washington...
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...The main point the author is making under this subtopic “First Impressions” is that Samba is a very popular music and type of dance from Brazil which has the sensuous celebratory sound. Samba music makes you move your body from your feet to the top of your head. (II) Aural Analysis. The main point the author is making under this subtopic “Aural Analysis” is that Samba is Afro-Brazilian which contains the characteristics of African music including Polyrhythm. The instruments in Samba are percussion, for example, tambourines, scraping instruments (rêco-rêco) double bells (agogo) and drums are found in samba styles. “Call and response” which is used in Africa to create Polyrhythm is also reflected in Brazil accompanied by a...
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...se expressam através de uma forma diferente de arte. Como se pode imaginar, estas primeiras formas de Samba foram consideradas obscenas e de mau gosto por classes mais altas do Brasil. Por um tempo a dança foi proibida e praticada apenas nos bairros de classe baixa e até mesmo em sociedades secretas. No Brasil, o samba dançarinos são conhecidos por seus costumes muito coloridos que revelam uma grande quantidade de pele. Lantejoulas, miçangas e peças de penas são vistas na maioria das suas roupas. Seus trajes representam a natureza escandalosa do Samba, que é um termo genérico para mais de cem danças diferentes. Samba tem um ritmo muito específico, que pode ser destacado por instrumentos musicais brasileiros, como o tamborim, chocalho, reco-reco e Cabaça. No entanto, Samba pode ser dançado sem instrumentos. Samba reque uma ação de inclinação pélvica, que pode ser difícil de realizar, mas sem este movimento a dança perde seu efeito principal. As principais características do Samba são as etapas rápidas tomadas em um dois por quatro batida eo movimento de balanço e oscilação dos bailarinos. Para alcançar o verdadeiro caráter do Samba um dançarino deve ser feliz e paquera. Carmen Miranda é considerada a estrela mais final de Samba porque ela contém essas características. Ela era uma dançarina, cantora e...
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...Are Overdraft Fees Really Just Loans Charging 17,000 Percent Interest? Reco Crayton This article is presented to the general public Introduction Consumers whose checking accounts are running low generally have two options: Don’t pay for anything using the depleted account, or get a short-term cash infusion from the bank in the form of an overdraft loan. The price, of course, is the associated fee. Thesis Statement The study found that when people overdraw their accounts with a debit card, they typically are short 61.3 percent of the transaction. That means the amount they “borrow” is actually more like $14.71, which in turn would be more like a 28,121 percent APR. I. Overdraft fees on debit cards are for smaller buys II. Distribution of negative balance episodes III. Overdraft fees make up the biggest cost of checking Conclusion the Consumer Bankers Association said the services “are completely optional” and provide an alternative to other short-term credit providers “outside the heavily regulated banking system,” such as payday lenders. Visual Explanation References Bruce, Laura.(n.d.) FDIC Study: Outrageous Overdraft Fees. Retrieved from Bankrate website.http://www.bankrate.com/finance/investing/fdic-study-outrageous-overdraft-fees-1.aspx Weis, Karen. (2014). Are Overdraft Fees Really Just Loans Charging 17000 Percent Interest. Businessweek. Retrieved from http://www.businessweek.com/articles/2014-08-01/are-overdraft-fees-really-just-lo...
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...evaluation of the performance of investment centers, The current compensation system of district managers is affected by his or her region’s performance, 75% was based on district performance and 25% was based on his or her region’s performance. The investment in machine of $540,000, 10 years cash inflow of $286,000 yields PV of cash inflow of $39,182 and a payback period of 4.5 years. Ken Richards proposal can make a lot of profit for the company The bonus of the district managers should be solely based on his district’s performance so that they will not be affected by the poor performance of others or motivation not to perform well because they will still have good bonus if the region performs well while his or her district is not. Reco Accept the capital investment proposal to Quality because the payback period of 4.5 years is lower than the standard of 10 years and QMSC will have positive cash flow. Ken Richards should send the proposal to the home office for approval because this will increase the market share and a lot of profits for the company. EVA will resolve the issue of Columbus District Manager and proposed project will be...
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...102 Part On e Organization s, Manag ement, and the Networked Enterprise Modernization of NTUC Income CASE STUDY TUC In com e (Incom e ), one of Singapore's la rgest insure rs, has over 1.8 million policy hold ers with total asse ts of S$21.3 billion . T h e insurer e mploys about 3,400 insurance advi sors a nd 1,200 oHke staff, with the majority located across a n e ight hranch n etwork. On Jun e 1, 2003, Income suc ceeded in the migration of its le gacy insura nce sys tems to a di gital web-based system. The Hercul ea n task required not only the upgrading of ha rdwa re and applications, it also req uired In come to stream line its decade-old business pro cesses a nd IT prac tices. Up until a few rea rs ago, Income's insuran ce processes we re ver tedious and paper-hased. The e ntire in surance proces started with custome rs mee ting an agent, fillin g in forms a nd submitting do cuments. The agent would the n submit th e forms a l branches, from where th ey were se nt by couriers to th e Offi Cf, Services department. The co ll ec tion schedule co uld introdu ce delays of two to three days . Offi ce Servi ces would log documents, sort them, a nd then send th e m to departments for und erwriting. Proposals wef(~ allocate d to unde r w riting staff, mostly randomly . Accepted proposals we re sent for printing at the Computer Services de partm e nt and th e n redistribu te d. For storage, all original do cum e nts were packed an d sent...
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...The presentation portion of the project will be worth 10% of your final class grade. C) Recommended Marketing Plan Outline: (FOR COMPETITION AND CLASS) - Guidelines: o WORD Format o Total Document = 1 Page Executive Summary + Strategic Summary Chart + remaining written document + Appendices for support material o Suggested Format: Executive Summary (one-page overview of key highlights of each section of the marketing plan – including core idea/concept) Strategic Summary Chart • One-page and/or one PPT slide • List your key marketing research conclusions (1 sentence) in the left column and the proposed corresponding strategies (1 sentence) in the right column Remaining written section • Should not exceed 10 pages (reco: single-spaced, 12 point font, 1 inch margins), excluding appendices for support material • Remaining Format for the project: o Situation Analysis Company, Environmental Context, Customer & Consumer Analysis (including any segmentation) Competitive Set Description Competitor Analysis incl. performance review for company and competition o Summary: Key Issues o Marketing Objective(s) o Marketing...
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...Legends and Spirits from Brazil! Legends and Spirits from Brazil! Cap-o-e-ira [kap-oo-air-uh] is a dance form joined martial arts elements, originating in Brazil as a system of physical disciple, movements, energetic, often acrobatic, dance - like style. (“Capoeira”, Dictionary.com, 2009) Originally comes from Tupi, referring to areas of low vegetation in the Brazilian spirit. Primarily based around kicking, many movements are carried out while in a handstand position, often resembling to modern break-dance moves. Highly acrobatic, energetic and difficult to master. Afro Brazilian martial arts elements, originated in Brazil by African slaves as a system of physical discipline and movements. This creative martial art shows the apprentice more about strength, creativity, and courage. Capoeirista is another term for Capoeira that has three main styles that are clearly different. Angola is characterized by slow, low play with a particular attention to the rituals and capoeira tradition. Regional is also known for its fluid acrobatic play, where the techniques and strategy are the main key points. Usually more accelerated pace, than Angola. Contemporaneous is generally faster – paced but further apart in a short period. All three different styles are marked by defensive action towards the point under assault, and to escape, using groundwork, as well as sweeps, kicks, and head butts. Play fight with each other, inside a circle formed by spectators...
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...RESULT UPDATE HERO MOTOCORP Disappointment continues India Equity Research| Automobiles Hero MotoCorp’s (HMCL) Q3FY15 EBITDA at INR8.2bn was ~11% below our/consensus estimates, due to lumpy brand promotions (Tiger Woods/Sardar Singh) and staff costs (Neemrana plant). PAT at INR5.8bn was further hit by lower other income and higher tax rate. We expect margins to recover from Q4FY15 on lower brand related spend and reversal in excise duty anomaly. Similarly, domestic scooter volumes will see an uptick with increase in capacity and expiry of the one-time order from Sri Lanka. However, owing to weak traction in volumes, we prune our FY15/FY16 volume estimates by 4% and EPS by 8%/2%. We introduce FY17 numbers with volume growth of 12% and EPS of INR199. Maintain ‘HOLD’ with TP of INR2,990 (15x FY17E EPS). Intensifying competition in the executive motorcycle segment and weak brand franchise in the premium segment are key headwinds to our volume/margin estimates. Operating performance fails yet again While revenue at INR68.4bn was in line, EBITDA at INR8.2bn was ~11% below our/consensus expectations, primarily owing to higher other expenses. While gross margin improved 20bps QoQ, higher staff costs (up 50bps QoQ to 4.6% of sales) and other expenses (up 110bps QoQ to 11.7% of sales) impacted overall margins (-150bps QoQ at 12%). Staff costs inched up as Neemrana plant came on-stream, while promotion spends pertaining to Tiger Woods led to higher overheads. Lower other...
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...1. Intr oduc ti on Rover as a ca r produ cer initiated in 1904 and has mana g e d to b e a s y mbo l to British societ y throu g hout the d e velopment of industrializ ation in the 20 th centur y . Manufactu rin g has been an important factor in the Unite d Kin g dom, and the car indus tr y has cr eated a sense of pride to those in volved rig h t throu g h all stages of building the p r o duct. Unfortunatel y , the industr y suc c e e ded in cr e a ting ex cellent brands based on previous reco g n itions, but not solid, independent or ganiz a ti ons consistentl y able to deliver top class vehicles. B e fo re the inte rwar y e a r s, the motor v e hicle w a s a lux u r y g o o d, boug ht b y the wealth y and produc ed b y r e lativel y small i ndep e ndent c r aftsmen: small- scale p r oduction f o r limite d ma r k e t s. F o r m a n y peopl e the m o tor vehicle industr y s y mbolises the cha n g i ng fo rtunes of the UK econom y as a whol e. From a position of d o minance immediatel y a f ter the Se cond W o rld W a r, the industr y is seen as havin g p r o g r e ssivel y lost out to c o mpetitors from abroad and, in particular , to producers from German y and J a pan 1 . B r itish ma nuf a c t ur er s have had no option but to be in tervene either on...
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...Cottle Taylor 1. Introduction: Background, Challenges, Goal 2. Drivers for demand of toothbrush 3. Strategies for demand of toothbrush 4. Segmentation approach 5. Selection and justification of target 6. Position statement 7. Size of TAM in 3 scenarios 8. Income statement: Thailand product mix (2009, 2010), Brinda’s plan (2010) Case: 1. Goal: 30% growth in toothbrush in 2010 in India. 2. Challenges: a. 75% of Indians live on 2 dollars per day. b. Lack of awareness of dental problems with oral care. c. Competitors: i. Hinda-Daltan 21% market share, French company ii. SarIndia, Indian consumer, nature-based and holistic process, 11% market share iii. 22% market – low quality, low priced imported from China and Vietnam 3. Drivers for demand: d. 50% of Indian population =500 million e. 64% expenditure comes from low income groups f. Rising income g. Influence of Western habits h. Rising awareness of oral care benefits i. 10% growth in toothbrush sales 4. Strategy: j. Awareness: iv. IDA – 2 times free dental checkup, dental hygiene v. 3 month replacement awareness k. Distributor network – strong network vi. Training in local dialects. Awareness about toothbrush advantage l. Allocation of ad budget: vii. TV – 50% (40%) viii. Newspapers – 30% ix. Billboards and...
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