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Assignment -1 Management Accounting

Assignment -1 Management Accounting

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INTRODUCTION
We the members of Emergers Group work together for the assignment. Introduction to EMERGERS:y y y y y y y y y MS GARIMA SINGH MS DEEPTI SINHA MR HARSHIT SHUKLA MR AKSHAT JAIN MR GAURAV JAISWAL MS SHIPIKA GUPTA MS TRIPTI SACHAN MR ALOK MR ANKUR SINGH

also known as statement of cash flows or funds flow statement. Projected cash flow statements are typically developed using historical cash flow data modified for anticipated changes in price. issued by the Council of the Institute of Chartered Accountants of India. financial condition. is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents. and financial management of a company. issued in June 1981. comes into effect in respect of accounting periods commencing on or after 1 -4-1997. industrial and business reporting enterprises. While historical cash flow statements facilitate the systematic evaluation of past cash flows. and financing activities. Cash flow statements facilitate decision making by providing a basis for judgments concerning the profitability. whose turnover for the immediately preceding accounting period on the basis of audited financial statements exceeds Rs. particularly its ability to pay bills. and so on. volume. This Standard is mandatory in nature in respect of accounting periods commencing on or after 1 -4-2004 for the enterprises which fall in any one or more of the following categories. projected (or pro forma) cash flow statements provide insights regarding future cash flows. ¶Changes in Financial Position·. All commercial. and breaks the analysis down to operating. The statement captures both the current operating results and the accompanying changes in the balance sheet. (iii) (iv) (v) (vi) . Banks including co -operative banks. 50 crore. Turnover does not include ¶other income·. the cash flow statement is concerned with the flow of cash in and cash out of the business. at any time during the accounting period: (i) (ii) Enterprises whose equity or debt securities are listed whether in India or outside India. Financial institutions. This Standard supersedes Accounting Standa rd (AS) 3. interest rates. a cash flow statement. investing. the statement of cash flows is useful in determining the short -term viability of a company. ¶Cash Flow Statements· (revised 1997). Accounting Standard (AS) 3. Essentially. Enterprises carrying on insurance business. Enterprises which are in the process of listing their equity or debt securities as evidenced by the board of directors· resolution in this regard. As an analytical tool.Cash flow statement In financial accounting.

who need to know whether the organization will be able to cover payroll and other immediate expenses .(vii) (viii) All commercial. who need to know whether the company will be able to afford compensation . who need to judge whether the company is financially sound. An enterprise. industrial and business reporting enterprises having borrowings. Potential investors. which. . Holding and subsidiary enterprises of any one of the above at any time during the accounting period. However. should disclose the fact. but are not required. Shareholders of the business. 10 crore at any time during the accounting period. does not present a cash flow statement. Where an enterprise has previously qualified for exemption from application of this Standard (being not covered by any of the above categories) but no longer qualifies for exemption in the current accounting period. the corresponding previous period figures need not be disclosed. ceases to be so covered. in excess of Rs. the enterprise will not qualify for exemption from application of this Standard. who want a clear picture of a company's ability to repay. The enterprises which do not fall in any of the above categories are encouraged. Where an enterprise has been covered in any one or more of the above categories and subsequently. this Standard becomes applicable from the current period. pursuant to the above provisions. Potential lenders or creditors. Potential employees or contractors. to apply this Standard. until the enterprise ceases to be covered in any of the above categories for two consecutive years. Parties interested in Cash Flow Statements People and groups interested in cash flow statements include: y y y y y Accounting personnel. including public deposits.

Exploring the purpose of cash flow statement first of all we need to understand what is cash flow statement. which shows sources of cash inflow into the business and show for what reasons the business spends cash. Purpose Of Cash Flow Statement The main purpose of a Cash Flow Statement (CFS) is to help the business owner plan and control the flow of income in order to meet scheduled financial obligations. in these two financial statements we will see net income for the period and balance of cash as of the year end. However these financial statements will not indicate whether the business generated enough cash from main operations and what were the main sources the business got cash from. .Objective Of Cash Flow Statements Information about the cash flows of an enterprise is useful in providing users of financial statements with a basis to assess the ability of the enterprise to generate cash and cash equivalents and the needs of the enterprise to utilise those cash flows. The Statement deals with the provision of information about the historical changes in cash and cash equivalents of an enterprise by means of a cash flow statement which classifies cash flows during the period from operating. The information illustrated in the Cash Flow Statement also aids lenders and investors in determining a company's financial health. This is one type of the financi al statements. investing and financing activities. It is important to understand that if we analyze only balance sheet and income statement. Therefore the purpose of cash flow statement is closely related to the data which is indicated on this statements. The economic decisions that are taken by users require an evaluation of the ability of an enterprise to generate cash and cash equivalents and the timing and ce rtainty of their generation. We need this statem ent to get additional information whether the business is able to generate enough cash from its ordinary operating activities and how efficiently this cash is being used to expand activities. repay loans or pay dividends to the shareholders.

Historical cash flow information is often used as an indicator of the amount. however different their principal revenue -producing activities might be. This is the case regardless of the nature of the enterprise·s activities and irrespective of whether cash can be viewed as the product of the enterprise. but not when cash is receive d or paid. but not able to generate enough cash. as may be the case with a financial enterprise. Benefits of Cash Flow Information A cash flow statement. its financial structure (including its liquidity and solvency) and its ability to affect the amounts and timing of cash flows in order to adapt to changing circumstances and opportunities. Enterprises need cash for essentially the same reasons. to pay their obligations. timing and certainty of future cash flows. and to provide returns to their investors. It also enhances the comparability of the reporting of ope rating performance by different enterprises because it eliminates the effects of using different accounting treatments for the same transactions and events. Cash flow information is useful in assessing the ability of the enterprise to generate cash and cash equivalents and enables users to develop models to assess and compare the present value of the future cash flows of different enterprises. . when revenues and expenses are recognized as are earned and incurred. Scope Of Cash Flow Statement An enterprise should prepare a cash flow statement and should present it for each period for which financial statements are presented. when used in conjunction with the other financial statements. It is also useful in checking the accuracy of past assessments of future cash flows and in examining the relationship between profitability and net cash flow and the impact of changing prices.Due to the accrual accounting method applied. They need cash to conduct their operations. therefore the business can be profitable. Users of an enterprise·s financial statements are interested in how the enterprise generates and uses cash and cash equivalents. provides information that enables users to evaluate the changes in net assets of an enterprise.

(ii) The Accounting period for the Cash Flow Statement is the same for which Profit and Loss Account and Balance Sheet are prepared. For example. A comparison of the historical and projected cash flow statements can be made so as to find the variations and deficiency or otherwise in the performance so as to enable the f irm to take immediate and effective action. Extra ordinary Items : The Cash flow associated with extra ordinary items should be classified as arising from operating. investing financing activities. the amount received from Insurance Company on accou nt of Loss of Stock or loss from earthquake should be reported as cash flow from operating activities.) (2. A series of intra-firm and inter-firm cash flow statements reveals whether the firm·s liquidity (short-term paying capacity) is improving or deteriorating over a period of time and in comparison to other firms over a given of time.Some facts about cash flow statement : (i) (ii) Only listed companies are required to prepare and present Cash flow statement. Operating activities include revenue producing activities which are not investing and financing activities.) Since a cash flow statement is based on the cash basis of accounting. (iii) (iv) (v) (vi) USES AND SIGNIFICANCE OF CASH FLOW STATEMENT (1. SEBI (Securities Exchange Board of India) Guidelines recommend for only direct method. There are two methods of calculating cash f low from operating activities namely Direct method and Indirect method.) . A projected cash flow statement can be prepared i n order to know the future cash position of a concern so as to enable a firm to plan and coordinate its financial operations properly.) (4. (3. Cash flow items are as (a) Cash flow from operating activities :(b) Cash flow from investing activities (c) Cash flow from financing activities. it is very useful in the evaluation of cash position of a firm.

An enterprise presents its cash flows from operating.) (6. As cash flow statement is based on cash basis of accounting.(5. replacement of fixed assets and other similar long-term planning of cash. thus cash flo w statement is more useful than the funds statement. Some people feel that as working capital is a wider concept of funds. it ignores the basic accounting.) (7.) (8.) Cash flow statement helps in planning the repayment of loans. Cash flow statement is not suitable for judging the profitability of a firm as non-cash charges are ignored while calculating cash flows from operating activities. LIMITATIONS OF CASH FLOW STATEMENT I. a funds flow statement provides a more complete picture than cash flow statement. The funds statement even when prepared on cash basis. It is also significant for capital budgeting decisions. Cash flow statement prepared according to AS ²3(Revised) is more suitable for making comparisons than the funds flow statement as there is no standard format used for the same. investing and financing activities. Cash flow statement provides information of all activities classified under operating. it ignores the basic accounting concept of accrual basis. investing and financing activities in a manner which is most appropriate to its . II.) The cash flow statement should report cash flows during the period classified by operating. III. Presentation of a Cash Flow Statement (1.) (2. investing and financial activities. It further helps in answering some intricate questions like-what happened to the net profits? Where did the profits go? Why more dividends could not be paid inspite of sufficient available profit? Cash flow analysis is more useful and appro priate than funds flow analysis for short ² term financial analysis as in a very short period it is cash which is more relevant then the working capital for forecasting the ability of the firm to meet its immediate obligations. did not disclose cash flows from such activities separately. It better explains the causes for poor cash position inspite of substantial profits in a firm by throwing light on various applications of cash made by the firm.) (9.

(2.) Operating Activities. repay loans and make new investments without recour se to external sources of financing. namely : (1. Operating Activities The amount of cash flows arising from operating activities is a key indicator of the extent to which the operations of the enterprise have generated sufficient cash flows to maintain the operating capability of the enterprise. payments to and on behalf of employees. This information may also be used to evaluate the relationships among those activities.) Financing activities. For example. Classification Of Cash Flow Statement The statement of cash flow shows three main categories of cash inflows and cash outflows. Examples of cash flows from operating activities are: (a) (b) (c) (d) cash cash cash cash receipts from the sale of goods and the rendering of services. the interest element is classified under financing activities and the loan element is classified under investing activities. pay dividends. payments to suppliers for goods and services. they generally result from the transactions and other events that enter into the determination of net profit or loss. when the instalment paid in respect of a fixed asset acquired on deferred payment basis includes both interest and loan. Therefore. in forecasting future operating cash flows. fees. Information about the specific components of historical operating cash flows is useful. Cash flows from operating activities are primarily derived from the principal revenue-producing activities of the enterprise.(3. Classification by activity provides information that allows users to assess the impact of those activities on the financial po sition of the enterprise and the amount of its cash and cash equivalents. A single transaction may include cash flows that are classified differently.) business.) Investing Activities and (3. commissions and other revenue. in conjunction with other information. receipts from royalties. .

These payments include those relating to capitaliz ed research and development costs and self-constructed fixed assets. annuities and other policy benefits. cash payments or refunds of income taxes unless they can be specifically identified with financing and investing activities. An enterprise may hold securities and loans for dealing or trading purposes. may give rise to a gain or loss which is included in the determination of net profit or loss. cash receipts from disposal of shares . such as the sale of an item of plant.(e) (f) (g) cash receipts and cash payments of an insurance enterprise for premiums and claims. forward contracts. the cash flows relating to such transactions are cash flows from investing activities. Therefore. in which case they are similar to inventory acquired specifically for resale. Similarly. Investing Activities The separate disclosure of cash flows arising from investing activities is important because the cash flows represent the extent to which expenditures have been made for resources intended to generate future income and cash flows. cash advances and loans made by financial enterprises are us ually classified as operating activities since they relate to the main revenue -producing activity of that enterprise. cash payments to acquire shares.warrants or debt instruments of other enterprises and interests in joint ventures (other than receipts from those instruments considered to be cash equivalents and those held for dealing or trading purposes). and cash receipts and payments relating to futures contracts. (b) (c) (d) . cash flows arising from the purchase and sale of dealing or trading securities are classified as operating activities. However. Examples of cash flows arising from investing activities are: (a) cash payments to acquire fixed assets (including intangibles). warrants or debt instruments of other enterprises and interests in joint ventures (other than payments for those instruments considered to be cash equivalents and those held for dealing or trading purposes). option contracts and swap contracts when the contracts are held for dealing or trading purposes. cash receipts from disposal of fixed assets (including intangibles). Some transactions.

loans. Examples of cash flows arising from financing activities are: (a) (b) (c) cash proceeds from issuing shares or other similar instruments. Both methods give the same results in respect of the final total as well as sub-totals of the three sections ² operating. and other short or long-term borrowings. When a contract is accounted for as a hedge of an identifiable position. and cash receipts from futures contracts.(e) (f) (g) (h) cash advances and loans made to third parties (other than advances and loans made by a financial enterprise). Financing Activities The separate disclosure of cash flows arising from financing activities is important because it is useful in predicting claims on future cash flows by providers of funds (both capital and borrowings) to the enterpris e. notes. and cash repayments of amounts borrowed. bonds. option contracts and swap contracts except when the contracts are held for dealing or trading purposes. . cash receipts from the repayment of advances and loans made to third parties (other than advances and loans of a financial enterprise). forward contracts. the cash flows of the contract are classified in the same manner as the cash flows of the position being hedged. They differ only in the manner the information regarding cash flow from operating activities is presented. forward contracts. option contracts and swap contracts except when the contracts are held for dealing or trading purposes. cash payments for futures contracts. cash proceeds from issuing debentures. or the receipts are classified as financing activities. investing and the financing. METHOD OF PREPARING CASH FLOW STATEMENT There are two methods of preparing the Cash Flow Statement. or the payments are classified as financing activities.

if any. Add : ² Depreciation ² Preliminary expenses ² Discount on issue of shares and debentures written off ² Interest on borrowings and debentures ² Loss on sale of fixed assets xxx xxx xxx xxx xxx xxx xxx (xxx) (xxx) xxx xxx xxx xxx xxx xxx xxx xxx . An increase in an asset account is subtracted for net income. This method converts accrual-basis net income (or loss) into cash flow by using a series of additions and deductions.3 (Revised) Particulars Rs. Net profit before taxation and Extra ordinary items Adjustment for Non-Cash and Non-Operating Items. As per Accounting Standard . Indirect Method Format of Cash Flow Statement for the year ended . credited to Profit and Loss A/c Refund of Tax credited to Profit and Loss A/c A. and an increase in a liability account is added back to net income. then adjusts from all cash-based transactions. debited to Profit and Loss A/c Less : Extraordinary Items. B..Indirect Method The indirect method uses net -income as a starting point. makes adjustments for all transactions for non -cash items. Cash flows from operating Activities Net Profit as per Profit and Loss A/c or difference between closing balance and opening balance of Profit and Loss Add : Transfer to reserve Proposed dividend for current year Interim dividend paid during the year Provision for tax made during the current year Extraordinary items. if any.

Operating profits before working capital changes (A + B ² C) (xxx) (xxx) (xxx) (xxx) xxx xxx E.) xxx Cash from investing activities Add : ² Proceeds from sale of fixed assets ² Proceeds from sale of investments ² Proceeds from sale of intangible assets ² Interest and dividend received Less : ² Rent income ² Purchase of fixed assets -Purchase of investment ² Purchase of intangible assets like goodwill xxx Advanced extraordinary items Net cash from (or used in) investing activities xxx xxx xxx xxx (xxx) (xxx) (xxx) (xxx) (+/²) xxx (2.) xxx Cash flows from financing activities Add : Proceeds from issue of shares and debentures Proceeds from other long term borrowings xxx xxx . Cash generated from operations (D + E ² F) xxx H. Net cash from operating activities (1. Less : Income tax paid (Net tax refund received) (xxx) I.C. Decrease in current assets and increase in current liabilities xxx F. Cash flow from before extraordinary items xxx Adjusted extraordinary items (+/²) xxx J. Less : Increase in current assets and decrease in current liabilities (xxx) G. Less : ² Interest income/received ² Dividend income received ² Rental income received ² Profit on sale of fixed asset Xxx D.

Under IAS 7. they are reported under investing or financing activities. dividends received may be reported under operating activities or under investing activities. they are reported under operating activities.) xxx xxx xxx xxx xxx xxx (xxx) (xxx) (xxx) (xxx) Xxx Direct method The direct method for creating a cash flow statement reports major classes of gross cash receipts and payments.Less : Final dividend fund Interim dividend fund Interest on debentures and loans paid Repayment of loans Redemption of debenture preference shares Adjust extraordinary items Net cash from (or used in) financing activities (iv) Net increase/Decrease in cash and cash equivalent (i + ii + iii) (v) Add : cash and cash equivalents in the beginning of the year ² cash in hand ² cash at bank overdraft ² short term deposit ² marketable securities (vi) Less : cash and cash equivalents in the end of the year ² cash in hand ² cash at Bank (by bank overdraft) ² short term deposits ² Cash flow from operation (xxx) (xxx) (xxx) (xxx) (xxx) (+/²) xxx (3. . if the taxes are directly linked to investing activities or financing activities. If taxes paid are directly linked to operating activities.

selling and distribution expenses C. (i) Cash flow from operating activities A. Operating cash receipts ² Cash sales ² Cash received from customers ² Trading commission received ² Royalties received B. Cash flow before extraordinary items F.Direct method Format for Cash flow Statement for the year ended As per Accounting Standard-3 (Revised) Particulars Rs. Manufacturing expenses. Less : Operating cash payment ² Cash purchase ² Cash paid to the supplier ² Cash paid for business expenses like office expenses. Cash generated from operation ( A ² B) D. Adjusted extraordinary items (+/²)/Receipt/payment G. Net cash flow from (or used in) operating activities xxx xxx xxx xxx xxx xxx xxx xxx (xxx) xxx (xxx) xxx xxx xxx (ii) Cash flow from investing activities (calculation same as under indirect method) xxx xxx xxx xxx (xxx) Xxx (iii) Cash flow from financing activities (Calculation same as under indirect method) (iv) Net increase/decrease in cash and cash equivalents (i + ii + iii) (v) Add cash and cash equivalent in the beginning of the year (same as under indirect method) (vi) Less cash under cash equivalent in the end of the year . Less Income tax paid (Net of tax refund received) E.

cash.e. Basis of Analysis Funds Flow Statement Cash Flow Statement Funds flow statement is Cash flow statement is based on based on broader concept i. Cash flow statement shows the causes the changes in cash. which working capital. In cash flow statement changes in current assets and current liabilities are shown in the cash flow statement itself. In funds flow statement changes in current assets and current liabilities are shown through the schedule of changes in working capital. phenomena affecting the liquidity of the business. Principal of Accounting .e. Funds flow statement shows the causes of changes in net working capital. narrow concept i. In cash flow statement data obtained on accrual basis are converted into cash basis. Funds flow statement tells about the various sources from where the funds generated with various uses to which they are put.Difference between Funds Flow Statement and Cash Flow Statement Basis of Difference 1. Schedule of Changes in Working Capital 5. Usefulness Funds flow statement is more Cash flow statement is useful in useful in assessing the long. Cash flow statement stars with the opening balance of cash and reaches to the closing balance of cash by proceeding through sources and uses. Source 3. 2. is only one of the elements of working capital.understanding the short-term range financial strategy. Causes 6. 4. Funds flow statement is consonant with the accrual basis of accounting.

industry. receivables. Also check whether it is growing or shrinking. And service industries look different from heavy manufacturing industries. and accounts payable usually grow in expanding companies. . Does it show income or losses over the past few years? Is income (or loss) shrinking or growing? Step 2: Checking The Power Of The Cash Flow Engine ‡ The cash flow from operating activities section is the cash flow engine of the company. (Mature companies have different cash flows from start -up companies.) ‡ Flip through the annual report and other accounting records to determine how management believes the year progressed. ‡ Examine the operating working capital accounts.Method used to analyze the cash flow ‡ ‡ ‡ ‡ Scan the big picture Check the power of the cash flow engine Pinpoint the good news and the bad news Put the puzzle together STEP 1: Scanning The Big Picture ‡ First. it provides the cash flows to cover the cash needs of operations. ‡ To check the cash flow check if the cash flow from operating activities is greater than zero. Assuming it is positive. the next question is can it cover important. place your company in context in terms of its age. Inventories. When this engine is working effectively. routine expenditures? ‡ An exception is start-up companies often have negative cash flow from operating activities because they had to spend a lot to get the company started and their cash flow engines are not yet up to speed. Was it a good year? Perhaps a record-breaking year in terms of revenue or net income? Or is management explaining how the company has had some rough times? ‡ Look at net income. and size.

you must use both the good news and the bad news identified in each section of the statement. or in which all of the evidence is negative.Step 3: Pinpointing The Good News And The Bad News ‡ Begin with cash flow from investing activities. ‡ Sometimes there are unusual or unknown items that may need further looked into . ‡ You must look at the entire package to evaluate whether your cash flows from financing are in the ´good newsµ or ´bad newsµ categories. and other fixed assets to replace the assets that have been used up or have become technologically obsolete. land. ‡ To make a balanced evaluation. One systematic way to begin is to compare borrowing and payments on debt with each other across the years and note the trends. Another way in uncovering the news in this section is to check the activities in the stock accounts. One systematic observation is to check whether the company is generating or using cash in its investing activities. A healthy company invests continually in more plant. equipment. Step 4: Putting The Puzzle Together ‡ It would be rare to find a company in which all of the evidence is positive.

. NR c c c c c . c y y c . . . c P c y . c c . y c c . . c c c . . c : y : X`YY TS Q Industry f Pbcd cbGa e Founded U Founder(s) RD b Y q q p c . . N . y c c c c . c y TELCO % % $ c Y c P c c D D c . c xc z c c z c c P PIHG Type TSRQ NY .hg i X WU U V VV § ¥¥" ¡¢   ¡¢ ©¤  £ F § ¡ ¢   § ¥  ©% ¦¤¨4 § ¦§ ©% § ' ¢  ¢ ¢   ¢ ¢    § § § ¤ § § § 4   £ % "¨ § # ¤ ( © §¦§ ¢  ¢ ¢ ¢ ¢ ¢ ¢' ¢ ¢   ¦§ ¥  ¥£ § § ©¤¦  ¤§ £ ¨¦¤  ©¨¦¨ ¦ ¢ ¢ '   ¢ ¢ ¢ ¡¢ ¢ ¢ ¡ ¡¡ ¢ ¡ §¨ ¥¥  5E  §    ¤§ © ¥ ¤§§ § ¦ " §  § §¨ ¦ ©¨ ©¨ '   ¢ ¢ ¢ ¢  )         ¡   ¢ 6 9 ¨¦ ¦ § ¨£ #§ © " B 5 § © ¨¦¨ ¦   §  & # ¨¦4 #©¨ ' ' ¢ ¢ ¢ ¢ ¢ ¡¢   ¡ 6 66 " ¦ §¨ ¥¥"  §  & # ¨¦4 £ ¨C ¦ ¦ ¨ §¨  ©¦ § £¨ ' ¢ ¢ ¢ ¢ ¡¢ ¡¢  ¦ ¥8¥ ¤ ©¨¦ ¨ ¦ 7D79 §    §   " !% ¦ " §C8© ¥£ ¢ ¢ ¢ ¢ ¡  ¡ ¡         ¢ §¨ ¦ ©¨ ¥¥¨ § B79 § ¥  ¥ © £ £ ¨ ¦ ©  ¦ ©¤¦  ¤§ £ § £¨ ¢ ¢ ¢ ¢ ¢ ) ¢  ¡   ¡     ¢   A     ¦  ¦ ¨£ ¨ ¨¥ § ©¤¦  ¤§ £ §  § £ ¨ ¦ §" B 79 §  ¥ ¦ & '   ¢ ¢ ¢' ¢ ¢ ¡ ¡ )  ¡    A   § § ¥  §¨ ¥¥ £ © ¨ ¥¨ §  ¤ ¨©   ©¨¦ ¨ ¢  ¢ ) ) ¡¢ ¡ ¡   ¡       A ¦ B79 § ¦ ¤¨ ¥¥¨© ¦ ©   § 4  ©#©¨" 5 ¨¥£  § ©©¤¦  ¤§ £ ¢ ¢ ¢ ¢ ¢ ¡   ¡ ¡     A 666 A ¤ ¦  © ¥  §¨  @ ¥©¨" ¦ ©©¤¦  ¤§ £ # ¤©¦ ¦  © ¥ ¦©¤¨ ¢ ¢ ¡ ¡ ' ¢ ¡ ¡ ' ¢ ¡ @ ¥©¨" ¦ § £ ¨   ¥  ¦ ¥ ¦ ¤ § ©   £ ¦ £¨  ¦ § £  ' ¡ ¢ ¢ ¢ ¢ ) ¡ ¡  ¡        ¡   ¦ § ¦ ¤¨© § §§ "  ©¨¦ ¨ ¦  ¥  © §  §  ©¦ ¨¦ ¦ '   ' ¢ ¢ ) ¡¢ ¡ ¡ ¡¡ ¢     ¡     §¨£ §  ¥  ¥ ©££¨ § © ¥ ¦ ¦  987 5 § §¨ ¥¥  5 43  ¨ ' ¢ ¢ ¡ ¢ ) ¢ ¡               6 66 6 ¤§ © ¦  ¥¨ §¨ ¦ " § £¨ ¥  ¨£ ¨¦¤ ¦  © ¥  § ©¨¦¨ ¦ ¢   ¢ ¢ ¡ ' ¢ ¡ 2 ¢  ¢ ¢ ) ¡ ¡ ¡ ¡       £ ¤ §    ¢ 1 § £ ¨0  ¦¨£ ¨ ¨( § § ©§ §& ¢ ¢ '   )   ' § "¨ § # ¥©£ ©¨ " ¦ ¤¨©! ¦ ¦ ¨ ¦©   § ¢ ¢ ¢ ¢  ¡¢ ¡¢    ©¦© ¤   §¨ ¦ ©¨©¨ ¥ §¨ ¦ § ¦¥¤£ ¢ ¡  ¢  ¢ ¢   ¢   ¢   Tata Motors Ltd P Tata Motors . c c c y y c y . xc xc c c y.

Key people Prakash Telang. Peter Chairman CEO Ravi Kant.198 billion (2009) $15. Tata.Headquarters Mumbai. President (CVBU) y Automobiles Engines Engineering Products y Services Revenue Operating income Net income Total assets Total equity Parent Outsourced and Design $20 billion (2009) $10. India Ratan Carl Maharashtra.40 billion (2009) $1. MD (India Operations) Ravi Pisharody. Vice Chairman Foster.com .430 billion (2009) $763 million (2009) Tata Group y y Jaguar Land Rover TDCV Hispano Carrocera Subsidiaries y y Website TataMotors.

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