House of Tata

1. Key success factors & company performance…………………………………………………..3 2. Bank perspective regarding the performance…………………………………………………..7 3. Bank financing perspective at the end of 1998……………………………………………….10 4. Management perspective regarding the bank financing………………………………….13 5. Exhibit 1 – Annual Income Statements (1994-1997)………………………………………17 6. Exhibit 2 – Annual Balance Sheets (1994-1997)……………………………………………..18 7. Exhibit 3 – Quarterly Income Statements 1997……………………………………………….19 8. Exhibit 4 – Quarterly Balance Sheets 1997………………………………………………………20 9. Exhibit 5 – Forecasting………………………………………………………………………………………21 10. Exhibit 6 – Annual Ratios………………………………………………………………………………….22 11. Exhibit 7 –

They did not enjoy profit rather they faced losses from their acquired properties outside the home country. So they divested and shifted to small equity with management contract, primarily to gain profit and for globalization, for their hotel group of Tata Globalization strategies of Tata group

The table below presents some of the basic financial performance measures over the period to be assessed; these may be examined individually to assess the company. When reading the results the figures have been taken from annual reports and where necessary the use of the adjusted figures have been incorporated. All figures in dollars are in million with the exception of the per share figures.

The suggestion to the firm is to divest those businesses where in the cash flow and net present value even after a span of 5 years being completed is negative and preserve only the packaging division and focus on it. This should be the grand

Group financial statements Group consolidated income statement Group statement of other comprehensive income Balance sheets Cash flow statements Statements of changes in equity Notes to the accounts Operating and financial statistics Fleet table

From 2014 to 2015, many of Joyce Corporation Ltd (JYC)‘s indexes such as ROE and ROA doubled while sales also increased by 2.5, showing a lot of improvement. However, even though revenue increased more than 2 times, Gross Profit Margin decreased, indicating that JYC has not managed well. Gross profit just increased nearly 2 times and not match the potential. Asset Efficiency in 2015 also has a lot of improvements and company indicators such as Asset Turnover Ratio, Days Debtors, Days Inventory, etc. are much better than in 2014. This helps the company to increase its revenue from existing assets. In 2015, the liquidity of JYC also improved markedly both in terms of short-term and long-term payment but still ensure the

* It also helps the company in ensuring that it stays competitive in the market.

In the next few sections, I will take a closer look at the financial records of the company including the balance sheet and income statement to perform an analysis to see how strong the company is today and if they can keep that strength moving forward. The company’s capital structure, liquidity, and profitability along with other data will be

Executive Summary Business and Industry Analysis Competitive Advantages Five Forces Model Industry Competitive Analysis Accounting Analysis Key Accounting Policies Degree of Accounting Flexibility Evaluation of Accounting Strategy Accounting Quality of Disclosure Red Flags Quantitative Analysis Ratio Analysis Liquidity Profitability Capital Structure Forecasting Balance Sheet Income Statement Statement of Cash Flows Forecast Summary Valuation Analysis Method of Comparables

Also, according to its leverage ratios, the company’s debts are not only very high, but are also increasing. Its decreasing TIE ratio indicates that its capability to pay interests is decreasing. The company’s efficiency ratios indicate that despite the fact that its fixed assets are increasingly being utilized to generate sales during the years 1990-1991 as indicated by its increasing fixed asset turnover ratio, the decreasing total assets turnover indicate that overall the company’s total assets are not efficiently being put to use. Thus, as a whole its asset management is becoming less efficient. Last but not the least, based on its profitability ratios, the company’s ability to make profit is decreasing.

This report includes four sections which are company’s capital market analysis, business analysis, management quality and corporate governance analysis and earning quality. In order to have a clear view, the report use some peer competitors to compare with the company.

The first advantages of going international for Tata is to achieve benefits of economies of scale; Tata has more than 100 operating companies in seven main business groups doing business in 80 countries: chemicals, information systems and communications, consumer products, energy, engineering, materials, and services. Its two largest businesses are Tata Steel and Tata Motors. Its Tata Tea, which owns the valued Tetley brand, also is one of the largest tea producers in the world. It ranked 6 on the

Chapter 7: Merger and Acquisition Strategy ---- House of Tata: Acquiring a Global Footprint (written by Tarun Khanna, Krishna G. Palepu, and Richard J. Bullock)

Economic With business practices all over the world , Tata Motors concentrates on global economies while focusing on individual markets within countries. In recent years Tata Motors has experienced high growth since 2004. They have created joint ventures with 5 countries across the

Since its establishment, Tata has shown a strategy of incremental change. Arguably, that point was important because so the group might vary within the current market. In the nineteenth – century steel was seen as an unprofitable section. Even more than 50 independent steel producers went into bankruptcy in the USA (Business Monitor International Ltd, 2010: 54).