TERM PAPER ON Exide & TVS Motors

SUBMITED TO:Mr. Prince Vohra SUBMITED BY:Himanshu Gautam D3801 A09 BCA-MCA (INT.)

Declaration:I declare that this assignment is my individual work. I have not copied from any other students work due acknowledgement is made explicitly in the text not any part billing written for me by another person Stude nt signature Himan shu Gautam Acknowledgement:I am Himanshu Gautam, student of BCA-MCA(dual-integrated). I have made my term paper on the topic Exide and TVS Motors. I am very grateful to my lect. of Financial ManagementMr. Prince Vohra who has given me the opportunity to make this term paper. I would also like to thank all

those who have encouraged me in making this term paper. I am grateful to Mr. Prince Vohra .who acted as a source of inspiration for me. He encouraged me at each step. I will never forget his support.

Contents

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
.

Introduction to Exide Industries Stock Prices History Dividend issued Impact Introduction to TVS Motors Stock Prices History Dividend of last 10 years Impact

Introduction to Exide Industries

The Company was incorporated as Associated Battery Makers (Eastern) Ltd., on 31st January,

1947 under the Companies Act, 1913 to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company (India) Ltd, in India , since 1916 with a view thereto to enter into and carry into effect (either with or without modification) an agreement which had already been prepared and was expressed to be made between the Chloride Electric Storage Co (India) Ltd on the one part and the Company of the other part. The name of the Company was changed to Chloride India Ltd on 2nd August, 1972. The name of the Company was again changed to Chloride Industries Ltd. vide fresh Certificate of Incorporation dated 12th October, 1988. The name of the Company was further changed to Exide Industries Ltd. on 25th August, 1995.

The Company manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacity, covering the broadest

spectrum of applications. The Company has six factories strategically located across the country two in Maharashtra, one in West Bengal, two in Tamil Nadu and one in Haryana. The Companys predecessor carried on their operations as import house from 1916 under the name Chloride Electrical Storage Company. Thereafter, the Company started manufacturing storage batteries in the country and have grown to become one of the largest manufacturer and exporter of batteries in the sub-continent today. Exide separated from its UK-based parent, Chloride Group Plc., in 1989, after the latter divested its ownership in favour of a group of Indian shareholders. The Company has grown steadily, modernized its manufacturing processes and taken initiatives on the service front. Constant innovations have helped the Company to produce the worlds largest range of industrial batteries extending from 2.5 Ah to 15000 Ah and covering various technology configurations. Stock Prices
Scrip Code:500086 Company::Exide Inds For the Period:From year 1999 to Year Open Price High Price Low Price Close Price No. of Shares No. of Trades Total Turnov er(Rs.) 38,625, 100.00 20,145, 556.00 81,217, 793.00 * Spread (Rs.) H-L 12.70 30.40 47.75 year 2008

C-O 3.20 -5.80 33.00

1999 2001 2002

199.80 63.00 56.75

212.50 70.40 103.85

199.80 40.00 56.10

203.00 57.20 89.75

187863 363668 105413 1

13 7174 16748

2003

89.00

154.50

72.05

141.00

878445 9 540991 3 955945 2 430481 94 925833 33 718559 26

104322

2004

144.95

180.00

97.60

164.70

52692

2005

168.00

268.40

130.00

263.15

69028

2006

264.90

388.45

35.65

37.05

241934

2007

37.15

88.60

36.50

75.30

411512

2008 * Spread H - L -> High Low C - 0 -> Close Open

76.00

90.90

37.00

48.15

324660

991,93 2,998.0 0 761,26 4,992.0 0 1,790,1 57,302. 00 4,070,8 17,294. 00 4,975,8 71,403. 00 5,102,0 14,024. 00

82.45

52.00

82.40

19.75

138.40

95.15

352.80

-227.85

52.10

38.15

53.90

-27.85

Company History:1916 Chloride Electrical Storage Co. (CESCO), UK, set up trading operations in India as an import house. 1946 First factory set up in Shamnagar, West Bengal. 1947 Two Indian Companies were formed : Associated Battery Makers (Eastern) Ltd. ABMEL took over the manufacturing operations. 1960 ABMEL became a listed public limited company. 1969 Second Factory set up in Chinchwad, Pune. 1972 ABMELs name changed to Chloride India Limited. 1976 R&D Centre established in Kolkata.

1981 Third factory set up in Haldia, West Bengal. 1988 Chloride India Limited was renamed as Chloride Industries Limited. 1992 First Submarine batteries delivered to the Indian Navy. 1994 Technical collaboration with Shin Kobe Electric Machinery Co. Ltd. of Japan, a subsidiary of the Hitachi Group. 1995 Chloride Industries Ltd renamed Exide Industries Limited. (EIL) 1997 Fourth factory set up at Hosur, Tamil Nadu. 1998 Exide acquires the Industrial Operations of Standard Batteries Ltd as a going concern, thereby adding four more factories, taking the total number of factories to eight. 1999 Foundation stone for 9th factory laid at Bawal, Haryana. 2000 Acquisition of 100% stake in Chloride Batteries South East Asia Pte Ltd., (CBSEA), Singapore & 49% in Associated battery Manufacturers, Ceylon, (ABMEL), Sri Lanka. 2000 Implementation of SAP Enterprise Resource Planning integrating Corporate Office, Nine Factories, R&D Centre and More than 30 Sales Offices across India.

Dividend for the year ended 31st March 2009

The Board at its meeting held on 27th April 2009, recommended a final dividend of Re 0.20 per share (20 %) subject to approval of the shareholders at the ensuing Annual General Meeting. Together with interim dividend of Re 0.40 per share (40 %) paid on February 3, 2009, the total dividend for the year works out to Re 0.60 per share (60 %) (previous year 40 %) Unclaimed Dividend Unclaimed dividend for the years prior to and including the financial year 2000-01 has been transferred to the General Revenue Account of the Central Government / the Investor Education and Protection Fund established by the Central Government (IEPF), as applicable. Shareholders who have not encashed their dividend warrants relating to the financial year(s) up to and including 1993 -94 may claim such dividend (transferred to the General Revenue Account) from the Registrar of Companies, West Bengal, Government of India, Nizam Palace, II MSO Building, 2nd Floor, 234/4 A J C Bose Road, Kolkata 700 020 in the prescribed form. The dividend for the undernoted years, if unclaimed for 7 years, will be transferred by the Company to IEPF in accordance with the schedule given below. Attention is drawn that the unclaimed divided for the financial year 2000-01 will be due for transfer to IEPF later this year. Communication has been sent by the Company to the concerned shareholders advising them to lodge their claims with respect to unclaimed dividend. Once unclaimed dividend is transferred to IEPF, no claim shall lie in respect thereof.

DETAILS OF UNCLAIMED DIVIDEND AS ON 31 MAR 2009

Year 2002 2003 Type Final Final Account No 3555596 31-026214001 310262140 02 703316 703611 704113 , 001422200 01237 , 001423000 01046 331051317 51 Date of Declarat ion 5-Jul-02 11-Jul-03 Date of Transfer to Special Account 10-Aug-02 16-Aug-03 Due Date for transfer to IEPF 10-Aug-09 16-Aug-10 Unclaimed Amount (Rs) 843174.00 1287303.36

2004

Final

14-Jul-04

19-Aug-04

19-Aug-11

2226532.00

2005 2006 2007 2008 2008 2009

Final Final Final Final Refund Rights Issue Interim

29-Jul-05 21-Jul-06 20-Jul-07 25-Jul-08 15-Dec08 12-Jan09

3-Sep-05 26-Aug-06 25-Aug-07 30-Aug-08 15-Dec-08 17-Feb-09

3-Sep-12 26-Aug-13 25-Aug-14 30-Aug-15 15-Dec-15 17-Feb-16

1737797.50 2446890.00 2284061.15 2688562.40 805989.00 3382434.30

TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world, with annual turnover of more than USD 1 billion in 2008-2009, and is the flagship company of the USD 4 billion TVS Group. A bike for anyone TVS Motor currently manufactures a wide range of twowheelers from mopeds to racing inspired motorcycles. Motorcycles (Apache RTR, Flame SR 125, StaR City, Sport) Variomatic Scooters (Scooty Streak, Scooty Pep+, Scooty Teenz) and Mopeds (TVS XL Super, TVS XL Heavy Duty) Stock Prices
Scrip Code:532343 Company::TVS Motor For the Period:From year 2000 to Year Open Price High Price Low Price Close Price No. of Shares No. of Trades Total Turnov er(Rs.) 20,010. 00 289,53 7,928.0 0 1,196,3 77,876. 00 1,708,5 00,350. 00 * Spread (Rs.) H-L 44.20 year 2009

C-O -44.20

2000

222.20

222.20

178.00

178.00

100 277187 4 326612 0 345443 8

2001

157.00

192.00

65.00

162.20

32466

127.00

5.20

2002

165.00

552.00 1,136.9 0

160.00

507.75

59156

392.00 1,031.1 5

342.75

2003

509.95

105.75

106.85

56916

-403.10

2004

111.00

124.40

54.00

81.80

305906 82 685811 41 666012 73 866091 48 949238 44 127380 365

208164

2005

84.80

106.30

65.05

100.05

227616

2006

99.85

186.70

78.00

87.30

464408

2007

87.00

87.00

53.00

72.45

456045

2008

72.70

78.90

21.40

22.50

412725

2009 * Spread H - L -> High Low C - 0 -> Close Open

22.50

65.80

14.90

55.80

546083

2,700,8 10,400. 00 5,847,4 91,793. 00 7,745,8 86,256. 00 5,833,6 85,507. 00 3,975,7 62,135. 00 5,348,6 31,379. 00

70.40

-29.20

41.25

15.25

108.70

-12.55

34.00

-14.55

57.50

-50.20

50.90

33.30

T V S M o t o r c o m p a n

y s H is t o r y 1982 - The company was incorporated as Indian Motorcycle Pvt. Ltd. on 15th July. Its name was changed to Indo Suzuki Motorcycles Pvt. Ltd. and it was converted into a public limited company on 12th January, 1984. It was promoted by Mr. N. Krishnan in collaboration with Suzuki Motor Co. Ltd. Japan; Sundaram-Clayton, Ltd., a member of the Company to the extent of Rs 70 lakhs. - The company entered into a technical know-how and assistance agreement with Suzuki Motor Co. Ltd., of Japan on 22nd September. As per the terms of the Colloboration, Suzuki agreed to furnish complete technical information and know-how, trade secrets and other data. - All shares taken up by promoters etc. 1984 - The company received a letter of intent for the manufacture of 20,000 spark ignition operated out board motors and 30,000 internal combustion spark ignition engines upto 500cc per annum. - 59,40,000 shares issued at par in 1984. 7,00,000 shares allotted to Sundaram Clayton, Ltd. Chennai, 70,000 shares

allotted to Anusha Investments (P) Ltd. Chennai, 20,00,000 shares allotted to Suzuki Motor Co., Ltd., Japan; 2,20,000 shares allotted to employees and business associates and 29,70,000 shares offered to the public. 1985 - A new company "Lakshmi Auto Components Pvt Ltd." was incorporated for the manufacture of critical engines and transmission parts. 1986 - The company acquired the assets of the moped division from Sundaram Clayton Ltd. The cost of acquisition was met partly by rights issue of equity shares. The company subscribed to 39,20,000 equity shares of Rs.10 each of Lakshmi Auto Components Pvt Ltd, whereupon it became a subsidiary of the company. - The name of the company was changed from Indo Suzuki Motorcycles Ltd. to TVS Suzuki Ltd with effect from 18th August. - 154,00,000 Rights Equity shares issued at par in prop. 2:1. 1988 - The company obtained a letter of intent for expanding the capacity to 4,00,000 Nos. two wheelers. 1989 - The working was adversely affected due to labour unrest which resulted in a lock-out from 28th February 1990. The lock out was lifted in the second week of June 1990. 1990 - The company launched a 34cc miniped to take advantage of the Motor Vehicle Act that exempts such vehicles from the payment of road tax. The Company worked for only 10 months due to lock-out. 1991 - The technical aid agreement entered into with Suzuki Motor Co., Japan which expired in August 1991 was

extended for three more years with the approval of the Government of India.

Dividend issued by company in different years

Year 2009 2008 2007 2006 2006 2005 2005 2004 2004 2003 2003 2002 2002 2002 2001 2000 1999 1998 Month Jun Jul Jun Oct Jun Oct May Oct Apr Oct May Sep Jun Feb Jul Mar Aug Jun Dividend (%) 70 70 15 70 60 70 60 70 70 60 70 50 90 80 80 70 50

1997

Jul

35