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Project On:
MAHINDRA &
MAHINDRA
Submitted To:
Professor Mrs Vani Kamath
Submitted By:
Kavita Bagayatkar
MBA - IB
Roll No:09
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Anand Mahindra to Co-Chairman
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CORE PURPOSE
'We don't have a group-wide mission statement. Our Core Purpose is what
makes all of us want to get up and come to work in the morning.'
- Anand G. Mahindra
Indians are second to none in the world. The Founders of our nation and ofour Company passionately believed this. We will prove them right by
believing in ourselves and by making Mahindra & Mahindra Limited known
world-wide for the quality of its products and services.
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CORE VALUES
Our Core Values are influenced by our past, tempered by our present, and willshape our future. They are an amalgam of what we have been, what we are and
what we want to be.
Good Corporate Citizenship
As in the past, we will continue to seek long term success, which is in alignment
with our country's needs. We will do this without compromising ethical business
standards.
Professionalism
We have always sought the best people for the job and given them the freedom
and the opportunity to grow. We will continue to do so. We will support innovation
and well reasoned risk taking, but will demand performance.
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Customer First
We exist and prosper only because of the customer. We will respond to the
changing needs and expectations of our customers speedily, courteously and
effectively.
Quality Focus
Quality is the key to delivering value for money to our customers. We will make
quality a driving value in our work, in our products and in our interactions with
others. We will do it 'First Time Right'. Quality is the key to delivering value for
money to our
Dignity of the Individual
We will value individual dignity, uphold the right to express disagreement and
respect the time and efforts of others. Through our actions, we will nurture fairness,
trust and transparency.
These values are the compass that will guide our actions, both personal and
corporate.
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Mahindra Group
Achieving New Milestones
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Globalization : Present across Five
Continents
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Mahindra Group : A US$ 6.7 B Indian
conglomerate with interests across the economic
spectrum
Automotive Sector
Infrastructure Development sector
Systems & Technologies Sector
IT Sector
Farm Equipment Sector
After Market Sector
Financial Services Sector
Trade, Retail & Logistics Sector
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BOARD OF DIRECTORS
NAME DESIGNATION
1. Mr. Keshub Mahindra Chairman
2. Mr. Anand G. Mahindra Vice Chairman and Managing
Director
3. Deepak Shantilal Parekh Director
4. NadirBurjorji Godrej Director
5. M. M. Murugappan Director
6. Bharat Narotam Doshi Executive Director & Group Chief
Financial Officer (Group CFO)
7. Arun Kumar Nanda Executive Director & Secretary
8. Narayanan Vaghul Director
9. Dr. Ashok Sekhar Ganguly Director
10. R. K. Kulkarni Director
11. Anupam Pradip Puri Director
12. Thomas Mathew T. Nominee of LIC
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Financial Statements
Balance Sheet as on March 31, 2006,
2007 and 2008
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Schedule 31-3-2006 31-3-2007 31-3-2008
SOUR ES OF FUNDS
SHAREH LDERS FU DS
Capital I 233.4 238.03 239.07
Employee Stock ptions utstanding 1.58 3.18 4
Reserves and Surplus II 2,673.88 3,311.70 4,107.00
2,908.87 3,552.91 4,350.07
L A FU DS
(a) Secured Loans III A 216.68 106.65 617.26
(b) Unsecured Loans III B 666.71 1,529.35 1,969.80
883.38 1,636.00 2,587.06
DEFERRED TAX LIABILITY ( et) 146.75 19.79 56.72
Total 3,939.00 5,208.70 6,993.85
APPLI ATION OF FUNDS :
FIXED ASSETS
Gross Block 2,885.52 3,229.69 3,656.13Less : Depreciation 1,510.27 1,639.12 1,841.68
et Block IV 1,375.26 1,590.57 1,814.45
CAPITAL W RK-I -PR GRESS 179.19 280.6 546.45
1,554.44 1,871.17 2,360.90
I VESTME TS V 1,669.09 2,237.46 4,215.06
CURRE T ASSETS, L A S A D ADVA CES
(a) Inventories VI A 878.74 878.48 1,084.11
(b) Sundry Debtors VI B 637.97 700.89 1,004.88
(c) Cash and Bank Balances VI C 730.3 1,326.07 861.23
(d) ther Current Assets VI D 3.14 3.31 13.27
(e) Loans and Advances VI E 498.9 839.42 691.88
2,749.06 3,748.17 3,655.37
CURRE T LIABILITIES A D PR VISI S
(a) Current Liabilities VII A 1,520.84 1,950.22 2,307.55
(b) Provisions VII B 530.8 715.43 943.46
2,051.64 2,665.65 3,251.01
ET CURRE T ASSETS 697.41 1,082.52 404.36
MISCELLA E US EXPE DITURE (T THE EXTE T T
WRITTE FF R ADJUSTED) VIII 18.05 17.55 13.53Total 3,939.00 5,208.70 6,993.85
NOTES ON A OUNTS XIV
Rupees in crores
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Profit and Loss Account
for the Year ended
March 31, 2006, 2007 and2008
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Schedule 31-3-2006 31-3-2007 31-3-2008
SALES - Traded and Manufactured Goods 9,113.66 10,940.50 12,371.03
Less : Excise Duty on Sales (Net) 1,124.90 1,336.78 1,566.39
Net Sales 7,988.77 9,603.72 10,804.64
Income from Operations and Other Income IX 337.77 617.52 867
Net Income 8,326.54 10,221.24 11,671.64
EXPENDITURE :
Raw Materials, Finished and Semi-finished Products X 5,713.76 6,827.93 7,725.91
Excise Duty 11.61 -2.14 18.18
Personnel XI 551.78 666.15 852.45
Interest, Commitment and Finance Charges (Net) XII -18.4 -67.45 24.24
Depreciation/Amortisation 200 209.59 238.66
Other Expenses XIII 1,004.03 1,318.57 1,608.96
7,462.79 8,952.65 10,468.40
Less : Cost of Manufactured Products Capitalised 26.53 47.1 46.49
7,436.26 8,905.55 10,421.91
Profit before provis ion for contingenc ies, exceptional items and taxation 890.28 1,315.69 1,249.73
Less : Provis ion for contingencies 78.45 8.16
Profit before exceptional items and taxation 889.49 1,315.69 1,241.57Add : Exceptional Items 210.01 121.99 165.2
Profit before taxation 1,099.50 1,437.68 1,406.77
Less : Provision for Tax - Current Tax (including Fringe Benefit Tax) 285.4 365.73 278.75
-Deferred Tax (Net) -43 -15.63 24.65
Profit for the year before prior period adjustments 857.1 1,087.58 1,103.37
Prior Period Adjustment (Net of Tax) 19.19
Profit for the year 857.1 1,068.39 1,103.37
Balance of Profit for earlier years 996.4 1,475.75 2,125.08
(Less)/Add : Transfer (to)/from Debenture Redemption Reserve 43.39 15.67 -16.88
996.83 1,491.42 2,108.20
Total of Profit and Loss Account balances shown above 1,853.94 2,559.81 3,211.57
Deduct : General Reserve 100 110 115
: Interim Dividend Paid 184.03
: Income Tax on Interim Dividend Paid 25.81
: Proposed Dividend 243.97 98.2 282.61
: Income Tax on Proposed Dividend 34.22 16.69 38.48
Balance for 2007-2008 and earlier years carried to Balance Sheet 1,475.74 2,125.08 2,775.48
EARNINGS PER SHARE
(Face value Rs. 10/- per share) (Rupees)
Basic 38.07 45.15 46.24Diluted 34.93 40.94 41.52
NOTES ON ACCOUNTS XIV
Rupees in crores
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COMPARISON -
PARAMETER
YEAR 2006-07 v/s
2005-06
YEAR 2007-08 v/s
2006-07
ANN AL SALES
GROWTH IN %
20.22 % 12.51 %
ANN AL INCOME
NET PROFIT
24.62 % 3.28 %
INCREASE INSO RCE OF FUNDS
(LOANS)
85.28 % 58.13 %
INCREASE INNET
ASSET
55.23 % (-)62.66 %
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MAHINDRA FOUNDATION
SOCIAL ACTIVITIES
The Mahindra Foundation has been set up with a specific objective: to
provide medical relief to the poor and needy sections of society. The
foundation has helped patients suffering from cancer, heart ailments aswell as burn victims. It has also been very active during national
calamities and disasters and has helped contribute and mobilize
resources. The foundation also extends its support to academia and
other professionals and sportsmen by helping them attend workshops
and conferences overseas.
The Mahindra Group has always been very responsive to any majordisaster in India. Whether it's been the tsunami or the Gujarat
earthquake, the Mahindra family has got together and always provided
support either by way of financial help or by way of sending vehicles,
supplying material or manpower.
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AWARDS & RECOGNITION
The Mahindra Group was honoured with nine communication awards at the
48th annual ABCI (Association of Business Communicators of India) awards
nite in Mumbai on Friday, 7th November 2008. These are among the most
prestigious communication awards in India. ABCI is a 52 year oldorganization committed to the cause of Business Communications. Mahindra
won in the following categories - External Magazine (Hello), Indian Language
Publications (Ingenious), Newsletter Design (Mahindra Newsletter), Brochure
Design (Systech Brochure Design), Photo Features (Refresh), Social
Responsibility Communication (Lifeline Express), E-Zine (Mahindra
Spectrum), Web Communication (Monsoon Special on Intranet & OneMahindra) and Corporate Website (Nanhi Kali).
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AWARDS & RECOGNITION
Mr. Anand Mahindra received the CEO of the Year award at the Asia Pacific HRM
Congress held at Land's End, Bandra, Mumbai on February 13, 2008. Mr. Mahindra wasfelicitated for his "outstanding and unparalleled contribution for providing strong,
efficient, ethical and visionary leadership.
On January 19, Mr. Anand Mahindra, Vice Chairman and Managing Director of
Mahindra & Mahindra, was honoured with Business India's Businessman of the Year
2007. Now in its 26th year, the award was instituted by Business India in 1982 to
recognize that one outstanding individual in the business community who is a rolemodel for our times.
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Thank you