Johnson Controls Research Paper Example | Topics and Well Written Essays - 1250 words

Johnson Controls - Research Paper Example Information systems are also considered long-term capital investment projects. The following are some of the traditional capital budgeting models used to evaluate capital projects: The payback method The accounting rate of return on investment (ROI) The net present value The cost-benefit ratio The profitability index The internal rate of return (IRR) These methods rely on measures of cash flows into and out of the firm. Capital projects generate cash flows into and out of the firm. The investment cost is an immediate cash outflow caused by the purchase of the capital equipment (capital outlay). In subsequent periods, the investment may cause additional cash outflows related to repair and maintenance that will be balanced by cash inflows resulting from the investment. Cash inflows take the form of increased revenues generated from the improved facilities or reduced costs in production and operations. The difference between cash outflows and cash inflows (net cash flows) is used for ca lculating the financial worth of an investment. Once the cash flows have been established, several alternative methods are available for comparing different projects and deciding about the investment. Financial models assume that all relevant alternatives have been examined, that all costs and benefits are known, and that these costs and benefits can be expressed in a monetary terms. When one has to choose among many complex alternatives, these assumptions are rarely met in the real world, although they may be approximated (Aggarwal, 2002). Tangible benefits can be quantified and assigned a monetary value. Intangible benefits, such as more efficient customer service or enhanced employee goodwill, cannot be immediately quantified but may lead to quantifiable gains in the long run. Shim and Siegel (2008) argue that traditional capital budgeting has a number of challenges. The models do not express the risks and uncertainty of their own costs and benefits estimates; cash flows are unce rtain; inflation may affect costs and benefits differently; technology—especially information technology—can change during the course of the project, causing estimates to vary greatly; intangible benefits are difficult to quantify. These factors wreak havoc with financial models. The difficulties of measuring intangible benefits give financial models an application bias. Traditional approaches to valuing information systems investments tend to assess the profitability of individual systems projects for specific business functions. Theses approaches do not adequately address investments in IT infrastructure, testing new business models, or other enterprise-wide capabilities that could benefit the organization as a whole (Gregory, 1999). The traditional focus on the financial and technical aspects of an information system tends to overlook the social and organizational dimensions of information systems that may affect the true costs and benefits of the investment. Howeve r, there are other modern methods that can be used as alternatives to the traditional methods. One of the approaches is the option pricing or real options theory recognizes the interactions among option holders’ optimizing behavior, asset uncertainty, and market disciplines. Recently, the option pricing theory has been applied in the evaluation of nonfinancial assets or ‘

Capitalism Structure Essay Example | Topics and Well Written Essays - 2000 words

Capitalism Structure - Essay Example When a company is going to liquidation due to bankruptcy, it has to repay the debt capital first. The equity shareholders will be paid back their investment only after setting off the secured creditors, debenture holders, preference shareholdersetc. So the companies should deeply analyze financial implications before taking capital structure decisions. In United Kingdom, a secured creditor can even proceed with liquidating the company and claim the amount due to him by the company. Even though the cost of capital plays an important role while taking decision regarding the capital structure, the bankruptcy code also plays a prominent role in the decisions. Therefore, care must be taken while deciding capital structure. The companies cannot make changes in the bankruptcy code, but they can make adjustments in the debt-equity combination (capital structure) of their financial structures in order to accommodate bankruptcy code considerations. This assumes importance since the interests o f equity holders would be compromised or endangered if debt capital is allowed to mount beyond reasonable proportions or as needed by the organisation. Increase in equity capital does not endanger the company's existence or survival, however creditors and loan syndicates could call back their loans, or bring action for claim settlements, thus, putting the company at the doorsteps of bankruptcy. The UK bankruptcy code is a creditor-supportive and a debt-friendly code. That means the debt holders will be having right in deciding the liquidation of the companies. "If the cash flows generated by the project are insufficient to meet debt payments, the firm is in default. Continuation decisions in default are regulated by the bankruptcy code in place." (Acharya, Sundaram and John, p.2). If a company is taking effective and efficient decision regarding the capital structure, it can easily overcome the problems which may arise due to unfavourable bankruptcy code. So while deciding on the ca pital structure, an optimum combination should be selected. While discussing the effect of bankruptcy code in the capital structure decision, the asset-specificity should also be considered. Asset-specificity can be defined as "aspect or feature of an asset (such as a specialized machine) that makes it useful for one or few specific purposes and which, therefore, cannot easily be sold off quickly in a fire-sale." (Asset Specificity: Definition. 2009). If a company has low asset-specificity, it can use more debt capital in the capital structure. If the company is in a situation of liquidation or bankruptcy, it can easily sell off its assets and meet the debts like repayment of creditors, preference shareholdersetc. In other words, if the companies whose assets are fit for providing as security for funds borrowed, can use more debt capital in the capital structure. Because at the time of bankruptcy it will not face any difficulty in repaying the loan or borrowed money as it can sell o ff such assets. Whatever combination is used in the capital structure, the objective of the company should be to increase the wealth of the equity shareholders. If the bankruptcy code of a country is debt capital friendly, it is not better for the companies to follow 'trading on equity' (trading on equity refers to using more debt capital

AP English Language and Composition-Timed Writting Essay

AP English Language and Composition-Timed Writting - Essay Example licy whose implementation was intended to save power usage and practiced by countries such as United States, Britain, France, Israel, Mexico, New Zealand and other countries (Source C). Its expanded use however believed to have other benefits in other areas such as traffic safety and crime reduction (Source A) According to a study made by U.S. Department of Transportation in the 1970s, DST reduces America’s electricity usage â€Å"by about one percent† daily when the DST is in effect for an eight month period (Source C). This result is replicated in other countries that also practice DST. It was also observed by the same study that crime rate was reduced by as much as 10 to 13 percent when DST was in effect attributing to the fact that the extended daylight decreases the opportunity for crimes against those people who are returning from work (Source C). Study also showed that traffic accidents were reduced when DST is in effect (Source C). Daily Savings Time policy intent of saving electricity consumption however is not without its share of detractors. There are also several sectors that opposed its implementation among them was the airline industry who believed that the extension of DST from a uniform six months to eight months would cause problems in airline’s schedules that would incur them millions of dollars in losses. The perceived benefit of saving electricty consumption through the implementation of DST was also challenged by another study that reported that contrary to the policy’s intent, DST in fact increases the use of electricy consumption for about one percent and there are even instances during fall that the increase rose between 2 and 4 percent (Source –Kotchen). The expanded benefit of DST of crime reduction and traffic safety was also attempted to be offset by the study that reported that DST can cause sleep disruptions and possibly other serious consequences (Source E). These findings however are not that conclusive

Darden case study Essay Example for Free

Darden case study Essay 1. Using the full spectrum of segmentation variables, describe how Darden segments and targets the sit-down dining market. The types of segmentation include geographic, demographic, psychographic, and behavioral segmentation. For geographic segmentation, Darden has all of its Longhorn Steakhouse restaurants in the eastern half of the United States but they are trying to expand to the west coast. This is a great idea because out west is an untapped market with great potential for lots of earnings. Darden has a chance to redefine the image of steakhouses as is currently being done like the classiness that is being added to the brand. The customer traffic is increasing and Longhorn Steakhouse could potentially even overtake Outback Steakhouse as the premier steakhouse type of restaurant. For demographic segmentation, Red Lobster represents the opportunity Darden has to fill the gap between the young fast food concept and the upscale white-tablecloth restaurants. Red lobster is even making many changes to accommodate for the changing times around America which is causing sales to fall. With innovative concepts such as wood fired grilling resulting in a â€Å"taste of wood-grilled seafood† and investments in equipment and training, Darden is putting itself back in the spotlight to becoming recognized and respected. You can also never go wrong with fried shrimp so Red Lobster will always have that marketing card to play. The Psychographic segmentation is shown by how people want to feel positive emotions when they go out to restaurants such as the concept of a happy family and namely the mythical Italian family. Customers want to feel emotionally satisfied as much as they want to be physically satisfied by the food. Creating an authentic menu hits close to home because people get that warm and happy feeling when they see the authenticity. Even Olive Garden’s commercial â€Å"When you’re here, you’re family† and slogan show the feelings of connection that Americans want to feel and would be willing to come in for. Behavioral segmentation is shown in how less frequently Americans want to sit down at restaurants to eat their meals. With all of our financial constraints we are choosing different and more cost effective ways to eat out and have a good time with the family. Darden needs to use more cost effective ways to lower the meal prices so that family’s will once again be willing to eat out at a sit down restaurant on a regular basis.

During the past few decades we have seen a shift from Industrial work :: Business and Management Studies

During the past few decades we have seen a shift from Industrial work to Information technology work Industrial Work To Information Technology Work During the past few decades we have seen a shift from industrial work to information technology work. Why are educated professionals losing their jobs? Why is this happening? According to Rifkin, he believes the end of work is near. The three points of interest our massive unemployment, automation in factories and the dissolving of the middle class. In my opinion, the workers of today need to be flexible, versatile, and have cooperative skills in a changing economy. The employers are not only looking for highly skilled workers, but for people who are flexible, work well with others and have good problem solving skills. A worker must be flexible to be able to change and grow with the economy. The needs of employers are important in today’s job market. Flexibility goes hand in hand; with working with other people. Interaction with others and being a people -person builds stronger cooperative skills. Problem solving skills are a necessity for even the simplest of jobs. Having the ability to work through problems, to come up with a positive end result can be a long process. Cheaper labor can be found in other countries, which results in the closing of American factories or a cut in pay. Those still holding on to a job are being forced to work longer hours to make ends meet. I have personally seen my family and friends face this situation, growing up in the auto and steel environment as a child. As stated by Rifkin, â€Å"With each new indignity their confidence and self esteem suffers another blow.† (Rifkin 197) The most dramatic affect, according to Rifkin, is the â€Å"psychological death† experienced by the hard-core unemployed. As Rifkin puts it, after psychological death sometimes comes physical death. This clearly shows how changing one thing dramatically affects many things down the road. If we are aware and prepare for this situation we can make a difference. Rifkin’s claim that we are heading towards massive technological unemployment, this can be disputed by the unemployment figures for the last several years. My experience in the workplace, computer has created new positions. Even though, Rifkin believes it are not enough jobs. In my opinion, education is the answer to help and create workers in the information-technology field. Next, Rifkin claims our middle class is dissolving. According to the Department of Labor, for the past 3 decades, the classes have basically remained the same. In reality, most American wants to be successful either as blue-collar or white collar in society.

Ford Case Study Essay

Executive Summary Ford is one of the leading companies in the auto industry. The director of Supply Chain Systems at Ford was put in a tough position to make recommendations with regards to the company’s supply chain strategy. There are two groups within Ford that have two different opinions on how Ford should be using emerging information technologies and ideas from high tech industries, such as Dell, to change the way it interacts with suppliers. The first group argued that Ford should adopt Dell’s business model to improve efficiency and increase profits. This group emphasizes that Ford’s virtual integration should be the blueprint for what ford should attempt. On the other end, the second group believes that Ford and Dell operate in two different industries and it is not feasible to adopt Dell’s business model. This case study will demonstrate the toot causes of the problem and will present the reason why Ford should pursue with the mixed approach. Some of the solutions in the mixed approach are based on Dell’s business model, while the rest are not. These solutions are costly and time consuming, but Ford will eventually harvest the benefits of this approach. Issue Identification Teri Takai, Director of Supply Chain Systems, is about to make critical recommendations to senior executives on Ford’s usage of emerging information technologies and ideas from high tech industries to alter the methods Ford interacted with suppliers. There are two different views on this matter. The first view, which is in favor of virtual integration, argues that technology became a major player in supply chain, and Ford needs to redesign its supply chain by adopting new technologies to prosper. Supporters of this view used Dell as an example of virtual integration. Dell utilized new technologies to cut down working capital and risk of inventory obsolescence. The other view was more conservative. Supporters of this view argued that the auto industry is much different the computer industry with regards to layers of suppliers, complexity of parts, and history. Ford supplier network is massive and has many layers and a lot of companies. The growth of Ford resulted in growing the supply base to reach several thousands of suppliers in the 1980s. Even though Ford started reducing its supply base in the 1990s, there were still too many suppliers. In comparison to Dell, Ford needed thousands of parts to manufacture a vehicle, whereas Dell need few hundreds to manufacture a computer. This shows how complicated Ford’s supply chain versus Dell’s. Ford also has to controls the supply chain for its dealerships that are spread around the globe. The longer the supply chain is, the more problems would arise. For Dell, the supply chain is shorter and customers buy directly from Dell without going through dealerships or retail stores. Ford has no direct feedback from customers due to the fact that many of the dealerships were independent and not owned by Ford. Many Ford dealers were competing against each other’s instead of the real competition. For Dell, the situation was vice versa, Dell dealt and interacted directly with customers with no dealership involvement. While Ford’s first tier supplie r has moderately developed IT infrastructure, they cannot afford to invest in new technologies to keep up with Ford’s pace. The lower tiers of suppliers have very weak IT infrastructure and technological advancements, which would limit Ford’s supply chain and increase lead time and cost. In Dell processes, demand forecasting is important, where changes are shared with suppliers instantly. This is not the case for Ford. Before the Order to Delivery project, Ford never involved dealers in the forecasting process. Environmental & Root Cause Analysis: With returns of $144 billion, and 370,000 employees in 200 countries, Ford became the second largest industrial corporation worldwide. Ford’s main business is design and manufacturing of automobiles. Since 1903, Ford had produced more than 260 vehicles. The auto industry has been growing, at the same time some of the international automakers entered the US market and are competing fiercely with the US automakers: Ford, GM & Chrysler. With this tight competition, Ford and many automakers felt the need to move industry consolidation to reduce cost and improve quality. In 1998, Ford had profits $6.9 billion, and 3.9% return on sale. Ford has a huge supply based which was picked primarily based on cost. A lot of these suppliers lacked the IT infrastructure. Although Ford has good relationships with some of its suppliers, they aren’t treated as a part of Ford. On the other side, Dell’s suppliers have a very developed IT infrastructure and they are treated as part of Dell, and they acted like one. Ford’s suppliers are unique with nature and complexity. For Dell, suppliers own inventory until it is used in production, whereas the situation is opposite for Ford. This affects Ford’s cash flow and turnover rate and puts a lot of pressure on Ford’s production facilities. It also makes Ford hold the risk of holding sizable inventories to produce end products. Ford is lacking on demand forecasting, changes are not shared with the supply base immediately. Dell utilizes new technologies to share changes with its suppliers. Ford’s organizational structure is another challenge, where Ford’s purchasing is independent of product development, even engineers cannot discuss pricing with suppliers. At Dell, the purchasing function works collaboratively with the product development team. With all these challenges in the US market, Ford initiated a restructuring plan called Ford 2000. This plan was aimed to reduce costs by reengineering and globalizing organizations and techniques. Ford introduced the Order to Delivery (OTD) where it aimed to reduce the cycle time from 60 days to 15 days. Ford also created the Ford Production System (FPS) which is similar to the Toyota Production System, and it was intended to streamline Ford’s operations and make it more productive. Another initiative Ford took was the Ford Retail Network (FRN), and the goal was to deliver a high level of customer service and maintain customer satisfaction. Alternatives & Options Ford has some options with regards to using emerging information technologies and ideas from high-tech industries to change the way it interacts with suppliers. The first Alternatives to adopt Dell’s business model of virtual integration, where Ford would share information and systems with its supply base to coordinate inventory and streamline production. Ford would promote online customer shopping experience to receive orders and feedbacks and integrate them into Ford systems and its suppliers. This option has some advantages and disadvantages. It would improve the relationship between Ford and its suppliers, where information are communicated instantly between both of them. It would help in forecasting demand based on the information received and shared. It would also connects Ford directly to its suppliers and customers. This virtual integration would help Ford reduce its cycle time and costs dramatically, which would be reflected on the end products prices. The major disadvantage of this option is the high cost and lengthy process to execute it. It does not involve Ford only, but its suppliers as well. Ford and Dell operates in two different industries, and each industry has its own features. There is a big chance that virtual integration might not work as well as it does in the auto industry due to the complexity of manufacturing process, consumer behaviour, and history. The second alternative is to maintain the status quo and wait for the new Ford 2000 plan to start giving results. This recent initiative proposed solutions for a lot of Ford problems including suppliers and usage of new technologies. The advantages of this alternative are that Ford has already in the middle of executing the Ford 2000, and it should be long enough until the results are revealed. It is a comprehensive plan where there was an initiative for almost every aspect of the supply chain. The main disadvantage of this alternative is that it overlooks the instant communication between Ford and its suppliers. The third alternative is the mixed approach. Ford would adopt some of Dell’s business Model, at the same time introduce other changes. Ford would pick the feasible and applicable operations of virtual integration that best fit the automobile industry. On the other side Ford would narrow down its supply base and increase tier 1 suppliers. Ford would encourage and coordinate with suppliers of sub-system components. This alternative would allow Ford to tailor the best practices for its needs, but it would be costly, time consuming, and changes would affect different parties of the supply chain. Recommendations & Implementation Ford and Dell operate in two different industries that have different characteristics. Ford cannot copy Dell’s business model and expect positive results, but Ford can benefit from Dell’s experience. Based on the analysis of the above information and the study of this case, I would recommend to proceed with the third alternative. Ford has the organizational infrastructure to adopt and execute this alternative. Ford has a very well developed IT system and the resources to move on with these changes. Ford would update its IT system to share information with its supply base including tier 2 and tier 3 suppliers, where supplier would have access to Ford’s central data. Ford might have to team up with some of these supplier to develop their IT systems to ease the transformation and synchronization of information. Ford would reduce its supply base as much as it could, by short-listing suppliers and encouraging sub-systems suppliers through incentives. Ford would re-discuss terms with its suppliers to pay for inventory only when parts are used in production. Ford would adopt new technologies to share real-time information with all its supply chain members. Ford cannot skip dealerships before reaching end users, but can use dealership as a demand forecast channel and to deliver high customer service. These changes would ensure the smooth flow production and eliminate bottlenecks , which would in turn increase efficiencies and revenues and reduce lead times. Monitor & Control Ford must monitor that actions that it would take to measure the success of changes. Ford would have to assign a team of IT specialists to monitor the transition of suppliers IT systems and to help with any challenges. Ford would monitor lead times for customer orders regularly to see if lead times are improving and to check for bottlenecks. Ford to create an interactive website to answer and address customers concerns and suggestions. Form to create a committee of different supply chain members to lead these changes and direct them. This committee would meet semi-annually to discuss the changes and to address any problems or concerns. Conclusion Ford is one of the biggest car companies in the world. To overcome the challenges and to enjoy continuous success , Ford must adopt the above recommendations. The process is costly and time consuming, but it would pay off on the long run.

Demat Account Essay

I would like to thank my Branch Manager for being a support throughout my Project work. Mr. Deepak Chaudhary has always encouraged me to stay focused towards my project no matter what the conditions are. I have furthermore to thank my respected Project Guide Dr. Renuka Sharma who gave and confirmed this permission and encouraged me to go ahead with my Project. She always guided me in the right direction whenever I asked her for help. I would also like to thank God for giving me the patience throughout my project and my parents who supported me and helped me in all ways. Without all, I could not have successfully completed my project properly in time with adequate data and relevant substance in it. Thanking you, Mehak Mehta CUN120550046 3 Executive Summary This project is about creating a portfolio product that would help Angel Broking. We all know that stock market is a risky investment alternative for all but it is good if investor can make money out of it. The regulatory body for the stock market is SEBI who controls all the activities of the market on daily basis and try to do transaction in a legal way so as to avoid the scams and to protect the interest of the investors. Now days there are many Portfolio managers and Fund managers who invest on the behalf of the investors and they assured them fixed rate of return on their investment in a particular period of time. They all applied various kinds of model to measure the risk available in the market and the tools to manage that risk. There are various kinds of risk which is mainly categorize in two parts 1. Macro level risk 2. Micro level risk I. Macro level risk :- It consist of Systematic and Unsystematic Risk. Systematic risk is that which cannot be reduced but Unsystematic risk can be controlled. Micro Level risk:- It consist of various kinds of risk which are prevailing in the market like Business risk, Market risk, Liquidity risk, Exchange rate risk, Financial risk, Currency risk and Country risk The above are the broad categories of the risk in the market. As we can see from the recession that the global markets also have their impact on the Indian market because now a days companies are doing business at global level so the market of one country can affect the market of other countries also. So we cannot avoid the risk but we can manage the risk and minimize it. In my project I have done the same thing by applying the various models or tools which are helpful to manage the risk while doing an investment. Purpose/Objective of the study:? ? The purpose of the study is to give a portfolio product to Angel Broking as per the needs of the population of Ludhiana region. Endeavour to create wealth over the medium to longer term through investments in equities, across market capitalization by focusing solely on the following:? To measure the risk available in the market, taking into consideration the Nifty 50 stocks. To look deep into the fundamentals of the companies as well as the concerned industry. ? To calculate the expected return from the shortlisted stocks as well as from their concerned industry. ? To measure the risk/reward value of investors’ assets class choices 4 Research Methodology Used in the Project:Type of research project is Descriptive and Exploratory. To make a research project we need to see that whether there would be scope of this study or not, because if our study is not having scope then the whole work done will not be effective. The scope of this study is there in the market because in today scenario everyone looks for the safe and risk free return but they don’t know how to manage the risk which is there in the market so by the help of this study and after seeing the relevance, the Financial managers or the investment companies can take benefit out of it. Because by this they will come to know about the tools to manage the risk and they will be able to sell more investment products because by using it they will be able to give safe return to the investors which will lead to an increase in their goodwill in the market. Methodology used to making of this project is Descriptive research design. Once we decide with the type of research design we need also to know about the collection of data. I have used the secondary method to collect the data from the market. For this purpose different websites are being search out for the relevant information for making the project and various research paper and articles were also studied so as to get reference from those articles. Once I am done with the data collection and fundamental analysis, I then need to apply the tools. In my project I have used mainly four tools BETA, CAPITAL ASSET PRICING MODEL (CAPM), STANDARD DEVIATION and SHARPE INDEX. Sharpe Index tells us the excess return we can generate from the investment. Beta tells about the volatility of the risk. CAPM tells us about the Expected return on the stock, and Sortino ratio tells us that out of the stocks which are giving negative return which will be the stock that will give positive return in near future. Thus by applying all these models we come to know that we can also minimize our risk but for that analysis should be done so as to enjoy the safe return on the investment. Findings:- After applying all the above models I have come to know the Beta of my portfolio, expected return that my portfolio will generate. CAPM help us to know that how much would be expected return on the stock and then we can compare the actual return with the expected return and invest accordingly. Beta helps us to know the volatility of risk in the market and then we can do risk return tradeoff so as to invest in best stock as per our analysis. And Result of Sharpe ratio helps us to compare with the expected return and then do the Sortino ratio if required. 5 Table of Contents I. Introduction to the corporation. Business carried on by parent company and group companies along with brief history, promoters & vision Introduction to the parent firm Main competitors Number of employees Organization Structure Study of functioning of all the departments of the company SWOT Analysis Financial Statement Analysis Trend Analysis Strategies adopted Profitability Analysis Review of Literature ? ? ? Review of articles Need of the study Objectives of the study III. Research Methodology adopted IV. Details of actual work undertaken V. Interpretation & Analysis VI. Conclusion and Suggestions ? ? VII. Findings of the study Recommendations of the study Glossary VIII. Bibliography 6 Chapter-1 Introduction to the corporation and company 7 Business carried on by the parent company 8 Angel Broking Registered Office Corporate Office G-1, Ackruti Trade Center, Road No -7, 6th Floor, Ackruti Star, Central Road – MIDC, MIDC, Andheri (E), Mumbai – 400 093. Andheri (E), Mumbai – 400 093. Tel: (022) 2835 8800 / 3083 7700 Tel: (022) 3935 7600 9 About the company Angel Broking’s tryst with excellence in customer relations began in 1987. Today, Angel has emerged as one of the most respected Stock-Broking and Wealth Management Companies in India. With its unique retail-focused stock trading business model, Angel is committed to providing ‘Real Value for Money’ to all its clients. The Angel Group is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading Commodity Exchanges in the country: NCDEX ; MCX. Angel is also registered as a Depository Participant with CDSL. Vision To provide best value for money to investors through innovative products, trading/investments strategies, state of the art technology and personalized service. Motto To have complete harmony between quality-in-process and continuous  improvement to deliver exceptional service that will delight our Customers and Clients. 10 CRM Policy. A Customer is the most Important Visitor on our premises. He is not dependent on us, but we are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favour by serving him. He is doing us a favour by giving us an opportunity to do so. † – Mahatma Gandhi Business Philosophy ? ? ? ? Ethical practices ; transparency in all our dealings Customers interest above our own Always deliver what we promise Effective cost management Quality Assurance Policy We are committed to providing world-class products and services which exceed the expectations of our customers, achieved by teamwork and a process of continuous improvement. 11 Evolution of Angel Group ? MR DINESH THAKKAR, CHAIRMAN ; MANAGING DIRECTOR, ANGEL GROUP, started this Journey as a SUB-BROKER in 1987 with 3 Employees and 25 Clients. 1997-2003 ? Dec’97: Incorporation of Angel Broking ? July’98: Angel Research Division started ? Mar’02: Web-enabled back office software developed 2004 ? Apr’04: Incorporation of Commodities Broking ? Sep’04: Launch of internet trading platform 2005 Awarded prestigious â€Å"Major volume driver† award 12 2006 ? ? ? ? Jul’06: PMS function launched Sep’06: Commences MF and IPO distribution Oct’06: Awarded â€Å"Major volume driver† award Dec’06: Crossed 2,500 business associates 2007 ? Oct’07: â€Å"Major volume driver† award for third consecutive time ? Nov’07: Crossed 1. 5 lakh mark in DP account ? Dec’07: IFC acquired 12. 35% stake in Angel Group 2008 ? ? ? ? ? Jan’08: Commences insurance distribution Feb’08: Ranked 1st by NSE for Registered intermediaries May’08: Third party distribution business ramped up Sep’08: Ranked 1st on NSE for largest sub-broker network Major volume driver† award for the 4th consecutive time 2009 ? Jan’09: Ranked 1st on NCDEX on the basis of turnover ? May’09: Awarded the â€Å"Best Retail Broking House† and the â€Å"Broking House with Largest Distribution Network† by Dun ; Bradstreet ? Two Analysts won the ET Starmine Analyst Award ? â€Å"Major volume driver† award for the 5th consecutive time 2010 ? Nov’10: â€Å"Major volume driver† award for the 6th consecutive time 13 2011 ? Mar’11: Awarded the Best Contribution in Investor Education ; Category Enhancement of the Year – Angel Broking Ltd and Broker with Best Commodity Research of the Year – Angel Commodities Broking Pvt. A very strong and dedicated Research and Advisory desk. ? One of the highest success ratios in both technical and fundamental calls. ? An excellent IT infrastructure in place with over 18144 trading terminals and 610 VSATs with a server uptime of 99. 9%. ? 100% Retail centric focus and total commitment towards retail customers. ? Some of the best fund managers running our Portfolio Management Services to enable clients to minimize their risk, enhance return and diversify their portfolios. ? Training Programs to upgrade the knowledge base ; competency levels of our employees, channel partners ; even our end customers. Understanding client’s risk ; return profile Offering the right blend of sector and stock exposure Giving dedicated Investment Advisors Giving a choice of different schemes to suit every individual investor preferences Catering to Individuals, HUFs, Corporate, NRIs, Trusts ? Angel Commodities ? ? ? ? Personalized services through branches ; regional hubs Trading ; Relationship Mgmt. Services in Bullion, Base Metals, Energy ; Agri. futures Opportunities in hedging ; portfolio diversification, speculation ; arbitrage Training ; Educational Seminars on Commodities ? Angel Currency Futures ? ? ? ? Comprehensive coverage on Currencies (‘Rupee’ to ‘Euro’, ‘Dollar Index’ to ‘Yen’). Reports covering in-depth fundamentals of the currencies. Latest economic data releases with their likely impact, along with â€Å"Technical levels† Comprehensive reports on currencies ideally suited for any investor / trader. ? Angel Gold ? ? ? ? Personalized Investment Advisory Portfolio Restructuring ; Continuous Monitoring Guidance from Experienced Research Team Periodic Group Meetings with Investors. ? Specialized Products Margin Funding ? Facility to allow clients to take higher exposure 20 ? ? ? Instant Liquidity for Clients Margin is deposited in Cash as well as Collaterals Enabling Clients grab Earning Opportunity Pre-Paid Brokerage ? ? ? ? ? ? Zero Account Opening Charges Attractive Brokerage Rates Free DP AMC for 1 year Assured gifts worth thousands with every account Easy ; Fast Recharge Free Financial Investment Application with every account ? Depository Services ? ? ? ? ? No physical instruction required for the client’s sell obligations Lowest transaction charges in the country Acceptance ; execution of instruction on fax A combined monthly ‘Bill-Transaction-Holding cum Ledger’ statement Efficient pledge mechanism ? Value Added Services Request response SMS Example – DP Holding, Pool Holding, Ledger update etc ? Insurance ? ? ? Products to meet the triple objectives of risk coverage, investment and tax planning Assessment of your Insurance needs after proper risk profiling A wide array of individual life cover plans to meet your Protection, Savings and Retirement needs ? Mutual Funds ? ? ? ? ? Tie- ups with all major AMCs Dedicated Relationship Manager for Business Partners Exclusive MF Research Reports by Angel (Daily/ Weekly/Monthly Mutual Fund Reports) MF Portfolios as per Investors Financial Goal Common Gateway for all Mutual Funds related queries ? Loans, IPO and Fixed Deposits Products distributed by Angel include: Unsecured Loans ? Personal/Business Loans/Credit Cards Secured Loans ? Home Loans/ Loan Against Properties ? Loan Against Securities / Gold IPO – Distribution, Advisory and Helpdesk Fixed Deposits NHB Term Deposits 22 Distribution Model Short form Full form Details CSO Central Statistical Organization Mumbai RO Regional Offices 24 Branches Branches 190 SB Sub-Brokers 10000+ Clients Clients 1900000+ 23 Business carried on by the particular firm 24 Angel Broking Regional Office. Rewards ; Recognition 27 E-broking Unique Online Trading products customized to suit different Investment / Trading needs – ? ? ? Angel Investor Angel Diet Angel Trade Back-Office Online Client Details includes – ? Ledger balances ? Cash Deposits with Angel ? Securities Holdings ? ? Charges levied/paid in the client’s account Last auction / close-outs effected ? DP Holding for the last 3 transactions 28 Advisory Intraday calls BTST calls Long term calls Angel Trading 29 Positional calls Main Competitors Major players in the region are as follows:- 30 History of broking firms Brief history of some broking firms – The birth of Karvy was on a modest scale in 1981. It began with the vision and enterprise of a small group of practicing Chartered Accountants who founded the flagship company, Karvy Consultants Limited. ? They started with consulting and financial accounting automation and carved inroads into the field of registry and share accounting by 1985. ? Since then, karvy utilized its experience and superlative expertise to go from strength to strength, to better their services, to innovate, diversify and in the process, evolved as one of India’s premier integrated financial service enterprise.