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assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "coventurers". A joint venture takes place when two parties come together to take on one project. In a joint venture, both parties are equally invested in the project in terms of money, time, and effort to build on the original concept. While joint ventures are generally small projects, major corporations also use this method in order to diversify. A joint venture can ensure the success of smaller projects for those that are just starting in the business world or for established corporations. Since the cost of starting new projects is generally high, a joint venture allows both parties to share the burden of the project, as well as the resulting profits.
Sony-Ericsson is a joint venture by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. The stated reason for this venture is to combine Sony's consumer electronics expertise with Ericsson's technological leadership in the communications sector. Both companies have stopped making their own mobile phones. Virgin Mobile India Limited is a cellular telephone service provider company which is a joint venture between Tata Tele service and Richard Branson's Service Group. Currently, the company uses Tata's CDMA network to offer its services under the brand name Virgin Mobile, and it has also started GSM services in some states. Read more: http://wiki.answers.com/Q/Examples_of_joint_ventures#ixzz1n9fdcC1X
What is a Joint Venture?
Joint Venture companies are the most preferred form of corporate entities for Doing Business in India. There are no separate laws for joint ventures in India. The companies incorporated in India, even with up to 100% foreign equity, are treated the same as domestic companies. A Joint Venture may be any of the business entities available in India. Click here for Types of companies and corporations in India. A typical Joint Venture is where:
1. Two parties, (individuals or companies), incorporate a company in India. Business of
one party is transferred to the company and as consideration for such transfer, shares are issued by the company and subscribed by that party. The other party subscribes for the shares in cash.
The entire hydrocarbon sector. if a foreign partner or an NRI or PIO partner is involved. . For these greater equity investments or for areas of investment outside of high priority an application in the form FC (SIA) has to be filed with the Secretariat for Industrial Approvals. A response is given within 6 weeks. Once a partner is selected generally a Memorandum of Understanding or a Letter of Intent is signed by the parties highlighting the basis of the future joint venture agreement. In view of the country's improved balance of payments position. .. a branch of a foreign company attracts a higher rate of tax than a subsidiary or a joint venture company. automatic approval is available for 74% foreign equity holdings setting up international trading companies engaged primarily in export activities. this requirement may be eliminated. and telecommunications. collaborate to jointly carry on the business of that company and its shares are taken by the said third party through payment in cash. not covered under the automatic route. In case. a special approval of FIPB is required. Foreign investment is also welcomed in many of infrastructure areas such as power. The Government has outlined 37 high priority areas covering most of the industrial sectors. Greater than 74% of equity and areas outside the high priority list are open to investment. there is the high-powered Foreign Investment Promotion Board ("FIPB"). including exploration. The FIPB is located in the office of the Prime Minister and can provide single-window clearance to proposals in their totality without being restricted by any predetermined parameters. For major investment proposals or for those that do not fit within the existing policy parameters.Sector wise Guide for sectorwise guidelines under automatic route. who/which may be individual/company. in cash. coal washeries. luxury railways. 3. Investment proposals involving up to 74% foreign equity in these areas receive automatic approval within two weeks. a joint venture is covered under automatic route. The above two parties subscribe to the shares of the joint venture company in agreed proportion. Full foreign ownership (100% equity) is readily allowed in power generation. Export Oriented Unit (EOU) or a unit in one of the Export Processing Zones ("EPZ's"). Promoter shareholder of an existing Indian company and a third party. The Government had recently allowed foreign investment up to 51% in mining for commercial purposes and up to 49% in telecommunication sector. but government approval is required. Some practical aspects of formation of joint venture companies in India and the prerequisites which the parties should take into account are enumerated herein after. The approval can be obtained from either from RBI or FIPB. producing. In other special cases. electronics. coal washeries. The government is also examining a proposal to do away with the stipulation that foreign equity should cover the foreign exchange needs for import of capital goods. refining and marketing of petroleum products has now been opened to foreign participation. However.2. Approval of foreign equity is not limited to 74% and to high priority industries. then the approval of Reserve bank of India is required. Besides the 37 high priority areas. How to Enter into a Joint Venture Agreement? Selection of a good local partner is the key to the success of any joint venture. The liability of the parent company is also greater in case of a branch office.. Please see Foreign Investment in India .Government Approvals for Joint Ventures . An application to the Reserve Bank of India is required. one of them non-resident or both residents. steel. Foreign companies are also free to open branch offices in India. and start a new business. All the joint ventures in India require governmental approvals.
Before signing a Joint Venture Agreement the following must be properly addressed: • • • • • • • • • • • • • • • • • • • • Dispute resolution agreements Applicable law. CEO/MD Management Committee Important decisions with consent of partners Dividend policy Funding Access.A Memorandum of Understanding and a Joint Venture Agreement must be signed after consulting lawyers well versed in international laws and multi-jurisdictional laws and procedures. Negotiating Joint Ventures properly is very important for a win-win Joint Venture.com/jointventure. We can help you in setting up your Joint Venture: from entry strategies. to negotiations to drafting agreements to compliance programs. has helped US companies & Foreign companies in setting up their Joint Venture operations in India and other countries. Change of control Non-Compete Confidentiality Indemnity Assignment. Drafting International Joint Venture Agreements Madaan & Co.html . Force Majeure Holding shares Transfer of shares Board of Directors General meeting. Before signing the joint venture agreement. Negotiations require an understanding of the cultural and legal background of the parties. Break of deadlock Termination. the terms should be thoroughly discussed and negotiated to avoid any misunderstanding at a later stage. The Joint Venture agreement should be subject to obtaining all necessary governmental approvals and licenses within specified period. Proper drafting of Joint Venture Agreements are very important for the success of any joint venture. Business Joint Ventures are more likely to be beneficial if Joint Venture Entry Strategies are carefully formulated. REF: http://madaan.
The cost? A few boxes of donuts that might be surplused anyway. agreed that Elizabeth could offer her clients a further discount when they presented one of Elizabeth's business cards. Theo bought cards in case lots with money from the investors and sold the cards in his comic and card shop. who lives in Houston. in addition to promoting the radio station and the book. they speak highly of her donuts on the air. All work is being done on the World Wide Web. then shared the profits when they were all sold. John. . See if something here sparks your imagination. Together. Texas. inventory was a problem in the beginning. wrote a personal note to all her clients advising them that Companion Petstore was having a sale with super discounts on all items. They placed the weatherman's book in Brian's store. He offered them a share of the profits from buying and selling baseball and other trading cards they had financed. and decided to joint venture with some of his collector friends. It's not unusual to hear a morning DJ go on and on about how wonderful her product is. the petstore owner. by communicating over the internet. She bases her advertising entirely on trade. She gives boxes of her high-quality donuts to select radio stations for daily giveaways. She has a rock solid reputation in the community as a result. which resulted in promoting the store's locations for the appearances. who lives in Holland. 4 A veterinarian. He catered mostly to school-aged children. In return. The weatherman at a local TV station wrote a book of local weather statistics. they worked out a plan to help a New York City tour operator increase his tour business. 1 Frederick. But Theo was a serious collector of sports memorabilia. Loaned to us by our sister site The Bi-Weekly Raise Money For Your Business Without Asking Your Bank Manager Page. In return. John promised to place one of Elizabeth's brochures in every bag at the checkout counter. himself.SUCCESSFUL JOINT VENTURES Some successful joint ventures from very small to substantial. 5 Theo owned his own Trading Card and Comic shop. 3 Joan owns a successful donut shop. and like so many small businesses. teamed up with John. 2 Brian owns a book store. Brian called the manager of the TV station and offered to do a co-operative promotion with the station. and all conversations and 'meetings' accomplished by e-mail. even had the weatherman do in-store appearances. Elizabeth.
They agreed. These investors were promised a 50/50 share in the profit from selling the cars to the public. solid business supplying supermarkets with fresh-baked breads and cakes. 7 Jean loved animals. and so on.funeral homes. The kennels agreed. Now. and they were also able to double their money in a very short time with relatively little risk. to gain the exposure. has her own real estate program on local talk radio. She thought this would be a business that did not require any up-front expenditure. pay them a commission for every pet cared for. so Flowers and More grew. For the Realtor who has less drive. and this enterprising lady got started in her own business with no financial outlay. She took the advance orders to a finance company that helped her purchase the cool cabinet she needed. She wanted to start a pet-walking service. appearing regularly as a real estate expert on someone else's show can be just as effective. and counted a number of businesses amongst her regular customers . She has arranged for sponsors to pay the fees charged by the radio station. in return for the kennels putting up the money for a surety bond to protect the customers. She soon found out that people were reluctant to let a stranger have access to their home and possessions while they were away. She would offer the service under their name. They were able to expand their business by providing a service to customers they would probably have lost anyway. He needed new equipment to supply this increased . This was a wonderful joint venture deal for everyone the dealer had his inventory financed at no interest. What was she to do? This creative florist offered her larger customers a 15% discount if they would give her advance purchase orders for the floral arrangements they were going to buy from her anyway. 8 A Used Car Dealer. and had recently landed a contract with a chain of bakery outlets. even though the extra equipment would increase sales and boost profitability. Delores needed a second cool-storage unit to handle the extra demand. walk the dog and so on. Sam. so this businesslady offered to visit her customers' homes several times a day to feed the cat. He made his purchases with money from private investors. many did not like to leave their animals in a regular kennel. When pet owners went on vacation. 9 Denise. and let the station sell advertising time. a Realtor. Her bank would not agree to finance it.6 Delores owned Flowers and More. 10 An enterprising baked goods manufacturer had grown his company by securing good. As these businesses had grown. the investors had their investments fully secured by the cars. wedding organizers. So Jean approached an established kennels with a joint venture proposal. Denise might have provided her time for free. obtained his inventory of used cars from auctions.
000 = 5% . operating the silver and lead mine at Broken Hill in western New South Wales.com/jointventure/Jointex.000. also known as "the Big Australian".demand. an activity which became an increasing focus.and the flour-supplier landed a locked-in. the company ventured into steel manufacturing. The discovery of Iron Knob and Iron Monarch near the western shore of the Spencer Gulf in South Australia combined with the development by the BHP metallurgist A. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. The company began petroleum exploration in the 1960s with discoveries in Bass Strait. BHP had better success with the giant Escondida copper mine in Chile (57.000 needed for the new equipment. the supplier didn't put up $40.$40. long-term customer.nearly $200. (Actually.Baker paid him for the flour!) http://www. and this would increase to $15.000's worth of flour every month. BHP began to diversify offshore in a variety of projects. He would sign a contract to purchase $800. where the company was successfully sued by the indigenous inhabitants because of the environmental degradation caused by the mine operations. The decision to move from mining ore at Broken Hill to open a steelworks at Newcastle was due to the technical limitations in recovering value from mining the 'lower-lying sulphide ores'. He used his good credit to purchase equipment for Mr.Baker and made monthly payments for it.com/Q/What_is_an_example_of_a_joint_venture#ixzz1n9mtiQRN Broken Hill Proprietary Company Former Broken Hill Proprietary Company Limited corporate logo The Broken Hill Proprietary Company Limited. New South Wales. was incorporated in 1885. BHP. BHP Co. Ltd.000 / $800. The deal gave the baker free equipment. amounting to a 5% discount on his flour purchases .html • BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies.. Mr.5% owned) and the Ekati Diamond Mine in northern Canada. The supplier agreed. Other examples of joint ventures do happen in other industries. Both were very happy.answers. Australia.Baker was buying approximately $10.000's worth of flour over four years if the supplier would provide the $40.[ In 1915. . out of the money Mr. including huge heaps of tailings and slimes up to' 40 ft (12 m) high. D.000 cash. One project was the Ok Tedi copper mine in Papua New Guinea.000 per year! He approached his favorite supplier with a joint venture proposition. Read more: http://wiki.000 per month . Carmichael of a technique for 'separating zinc sulphides from the accompanying earth and rock' led BHP 'to implement the startlingly simple and cheap process for liberating vast amounts of valuable metals out of sulphide ores.bspage. with its operations based primarily in Newcastle.$16.
 Billiton was divested from Gencor in 1997. Colombia and South Africa. the largest mining company in the world. In 2001 Billiton Plc merged with the Broken Hill Proprietary Company Limited (BHP) to form BHP Billiton. Billiton's initial business forays included tin and lead smelting in the Netherlands. by global standards. followed in the 1940s by bauxite mining in Indonesia and Suriname. The tin and lead smelter in Arnhem. Former Billiton corporate logo. In 1994. BHP Steel changed its name to BlueScope Steel. The 'long products' side of the steel business was spun off to form OneSteel in 2000. Two months later. off the eastern coast of Sumatra. owners of the Olympic Dam copper. BHP Billiton announced a US$7. the company acquired the mineral rights to the tin-rich Billiton (Belitung) and Bangka Islands in the Indonesian archipelago. Shell acquired Billiton and accelerated the scope of progress of this growth. It was unknown at the time whether BHP Billiton would attempt to purchase Rio Tinto through some form of hostile takeover.The inefficiencies of what was. was shut down in the 1990s. Suriname. nickel operations in Western Australia and Queensland. In 1997. however. The takeover achieved 90% acceptance on 17 June 2005. in the UK. nickel operations in Australia and Colombia. Billiton Plc experienced considerable growth. In 2003. Throughout the 1990s and beyond. A formal . as well as interests in operations in Brazil.  Billiton Billiton was a mining company whose origins stretch back to 29 September 1860. BHP Billiton announced it was seeking to purchase rival mining group Rio Tinto Group in an all-share deal. South Africa's Gencor Ltd. BHP merged with the Billiton mining company to form BHP Billiton. Billiton Plc became a constituent of the FTSE 100 Index. achieved through compulsory acquisition of the last 10% of the shares. Australia (aluminium) and South Africa (titanium minerals and steel and ferroalloys). the Netherlands. a small steel operation in Newcastle finally caught up with the company and the Newcastle operations were closed in 1999. sharecode bil) in South Africa by market capitalisation. WMC Resources. Canada and South Africa. In 2002. and 100% ownership was announced on 2 August 2005.3 billion agreed bid for another mining company. gold and uranium mine in South Australia.4 shares of BHP Billiton stock for each share of Rio Tinto was rejected by the board of Rio Tinto for "significantly undervaluing" the company. the Netherlands. coal mines in Australia. Bhp Billiton remains one of the largest companies listed on the Johannesburg Stock Exchange (JSE. when the articles of association were approved by a meeting of shareholders in the Groot Keizerhof hotel in The Hague. the 'flat products' steel business was spun off to form BHP Steel. In 1970. acquired the mining division of Billiton excluding the downstream metal division. The initial offer of 3. On 8 November 2007. base metals mines in South America. and a fertiliser plant also in Queensland. CEO Marius Kloppers met with many of Rio's shareholders following the announcement and reiterated that the offer for Rio was "compelling" and that BHP Billiton is very "patient". Its portfolio included aluminium smelters in South Africa and Mozambique. In 2001.  BHP Billiton Mergers and Acquisitions In March 2005.
 In January 2010. On 14 May 2008. History Before incorporation 196 Produces first phone in Korea . The takeover bid was opposed by the Government of Saskatchewan under Premier Brad Wall. BHP Billiton made a hostile takeover bid worth $40 billion for the Potash Corporation of Saskatchewan. Our end-to end solutions directly help the business and economy nationwide and abroad. petroleum. plant and support services were purchased for around $700m. iron ore). On 3 November. unique player in our industry. On 25 November 2008. Mining operations for 3 well established Pilbara sites was operated through contractor Leightons HWE. BHP announced it's intentions to move to an owner operated mining business in Western Australia.90 after speculation that Chinese mining firm Chinalco was considering purchasing a large stake. after BHP Billiton bought Athabasca Potash for $320m. Canadian Industry Minister Tony Clement announced the preliminary rejection of the deal under the Investment Canada Act. The Economist reported that by 2020.org/wiki/BHP_Billiton LG-ERICSON JOINT VENTURE Through the combination of innovative ideas and network convergence technologies. The bid was withdrawn on 25 November 2008 due to a global recession. helping customers realize users’ full potential. optical and wireline products a particular pedigree that makes us a strong. BHP Billiton shares rose to a record high of AU $48. spur people to communicate and collaborate more effectively.wikipedia. By combining LG’s and Ericsson’s research and development talent. http://en. SMBs and LMBs can rely on LG-Ericsson to support their connectivity needs through a comprehensive portfolio of solutions. These solutions have helped us achieved success at home and abroad by consolidating our competitive position in traditional markets. BHP Billiton could produce approximately 15% of the world demand for potash.hostile bid of 3. wireless. made on 17 August. giving BHP Billiton 30 days to refine their deal before a final decision was made. In August 2010. These contracts. The bid came after BHP's first bid. BHP representatives refused to comment. In September 2011. On 14 November 2010.4 BHP Billiton shares for each Rio Tinto share was announced on 6 February 2008. we’ve given our enterprise. and streamline processes to help customers bring innovative multimedia services to market. the company announced that it was dropping its offer for Potash Corporation of Saskatchewan. LGEricsson provides the connectivity that eliminates barriers in the exchange of information. while identifying high-potential growth opportunities in newer ones. was rejected as being undervalued. Billiton announced that it would drop its $66 billion takeover of rival Rio Tinto Group saying that the "risks to shareholder value" would "increase" to "an unacceptable level" due to the global financial crisis. This acquisition marked a major strategic move by BHP outside hard commodities and commenced the diversification of its business away from resources with high exposure to carbon price risk (coal.
KTF launches nationwide ultra-high speed wireless network with LG-Nortel . Nov Establishes LG-Nortel . 2 200 Develops world’s first soft switch and next-generation networking 3 solution with Korea Telecom After Incorporation 200 Aug Signs definitive agreement to establish joint venture 5 .1 196 Authorized as EMD exchange manufacturer 3 197 Develops first key phone in Korea 3 198 Surpasses 1 million lines of TDX-1A installation in Korea 9 199 Starts commercial service of TDX-10 large-capacity. LG-Nortel Sign MOU to develop and market WinCE IP y phones Ma SK Telecom launches World’s first handset-based HSDPA y network with LG-Nortel Jun. Delivers Video Phone to Telecom Italia. 200 Apr. fully electronic 1 telephone exchange 199 Develops the World’s First CDMA for Commercial Use 5 199 Provides PCS System to LG Telecom 6 200 Commercializes asynchronous IMT-2000 system 1 200 Demonstrates IMT 2000 service at Korea-Japan World Cup. 6 Ma Microsoft.
Apr. Opens LG-Nortel Engineer Training Center Aug acquires Novera Optics. a developer of fiber-optic access . Lee wins distinguished service medal from Vietnam government Jun. Demonstrates world’s first 4G technology with Nortel and LG electronics CEO J.Aug Launches Aria SOHO. LG-Nortel and Nortel combine expertise at Mobile WiMAX Service Conformance Verification Center Sep LG Telecom launches CDMA Rev. Launches new reseller campaign targeting SMB market in Brazil Launches innovative Unified Communications devices Oct. innovative network solution Mar Launches world-first layer 2 security switch . Association (RAPA) Dec Achieves over KRW 1 billion in sales . 200 Feb Demonstrates wireless internet based 4G network with LG 8 . optimized for use with Microsoft Office Communications Server 2007 Nov Wins the Minister of MIC Award from Korea Internet Award .R. key phone system a small-capacity key. KT. 200 Mar Powers SK Telecom next-generation wireless service with 7 . Oct. solutions . Electronics in Mobile World Congress 2008 Mar Launches a toll paying device PassQ .A service with LG-Nortel . phone system targeting the world SOHO market. Jun. Nov Wins the Prime Minister’s Award from Korea Radio Promotion . Apr.
a LG-Nortel R&D center in Vietnam. business Nov Provides 40G optic solutions to SK Broadband . Sep Provides Key Phone solutions to Telefonica Brazil . Europe Nov SK Telecom rolls out LG-Nortel’s Wideband Cellular Gateway . 9 network Feb Provides WDM-PON solutions to UNET. in all R&D area 201 Launches joint venture in USA with Accton group for SMB Jan. 0 market in NA .Sep Signs partnership with Polycom in Unified Communications . Netherland . Norway Jul. 200 Signs MOU with LG Telecom to build out CDMA 1X/DO and 4G Jan. wins labor medal from Vietnam government Launches commercial WDM-PON commercial service with Agder Broadband. Ma Signs partnership agreement with Citrix Systems in L4-L7 y switch business Ma Partners with ETRI for global standardization in WDM-PON y technology Jun. Jun. VKX. Develops a world’s first Android embedded multimedia phone Aug Launches a toll paying device PassQ Slim . Sep Demonstrates WDM-PON solutions in Broadband World Forum . Aug Signs Partnership with Telamon in USA for WDM-PON business . System over an urban area Dec Acquires CMMI (Capability Maturity Model Integration) level 3 . Provides Multimedia phones to Telio in Norway Jul.
com/Sony_Xperia_Arc Save Rs 4601.they have enjoyed a constant stream of customers.Quick Processing Competitive Interest Rates. despite the fact that they are a relatively young company as compared to the mobile phone manufacturer 'giants' . Sony and Ericsson stopped manufacturing their own mobile phones.Mobile music devices . Key Dates in the History of Sony Ericsson .Mobile phones . The company's head office is located in London and they currently specialize in manufacturing the following products: .Wireless data devices When Two Companies Joined Forces Again. Apply! Samsung Dual SIM Phone www.com/in/champdeluxeduos Champ Deluxe w/ TouchWiz 2.lgericsson. The two parent companies are Sony Corporation and Ericsson.html Sony Ericsson . ChatOn Messenger & More.samsung.http://www. The longer a company has been in operation. Now Buy @ Rs 27399 EMI Payment Option.Wireless voice devices . which is one of the world's most popular brands.com/index.The History By Caroline Telford Ads by Google SME Loan from IDBI www. Rather than individually manufacturing their own lines of mobile phones.idbimsme. Sony Ericsson is a joint venture which was established seven years ago. On the other hand.Wireless systems . Visit Now! Sony Ericsson Xperia Arc www. Ericsson is a Swedish telecommunications company. These loyal clients avidly subscribe to the Sony Ericsson brand of mobile phones whenever a new one is released in the market.Hi-tech accessories .in/SMEFinance Easy Documentation. the better the brand recognition is. In the case of Sony Ericsson. Order Now! When purchasing any type of electronic device. consumers have a tendency to trust brands which have long been in existence. When Sony Ericsson was formed in 2001. these two companies decided to join forces. A Look Back into the History of Sony Ericsson as a Company But how exactly did the Sony Ericsson company come about? Sony Ericsson is actually a joint venture between Sony and Ericsson which merged in this joint venture which was founded in 2001.0 Lite. Sony Corporation is a Japanese consumer electronics company.HomeShop18.
1968 .Sony Ericsson Xperia Windows Mobile Operating System Phones Whether you are looking for a good music phone. It was on this same year that Ericsson started repairing and building their own handsets .Ericsson produced the first mobile phone for the NMT network.Sony Ericsson was established. http://ezinearticles. Sony Ericsson has managed to etch a name for itself in the very competitive mobile phone manufacturing industry.Sony Ericsson Walkman Series .Ericsson built more and more mobile phone models to keep up with the consumer demand.Sony Ericsson Cyber-Shot series .which they are still doing up to now.Following the popularity of Sony as one of the best consumer electronic brands in the world.Sony Ericsson UIQ Smartphones . 1992 . 1987 . you do have a lot of options. Sony UK was founded.com/?Sony-Ericsson---TheHistory&id=1561424 .To better learn about the history of these two companies.The name of Tokyo Telecommunications Engineering Company was officially changed to Sony. The Sony Ericsson Mobile Phone Manufacturer of Today Over the years. here are some key dates in the history of Sony Ericsson: 1885 . 2001 .Lars Magnus Ericsson was the name of the man behind the company. camera phone or smartphone. there should be Sony Ericsson mobile phone deals which will suit your mobile communication needs to a tee. You can take you pick from the line of mobile phones that they have which includes: . 1958 . For subscribers who are looking for Sony Ericsson mobile phone deals. and he first mended telegraph equipment in Sweden.