6820 Aastha Thukral Acc

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Transcript of 6820 Aastha Thukral Acc

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Company history-

The Company was Incorporated at Mumbai.The Company manufacturecement, refractories and cement plant and other heavy machinery

including structural and mild fabrications. The Company undertook revamping of the Kymore unit for production of high value refractoryintermediates. ACC, is India's oldest and largest cementcompany,belonging to the Tata group. 6,03,200 No. of equity sharesissued for consideration other than cash.

1959

In January, the Company in association with Vickers Ltd., and Babcock &Wilcox Ltd., formed a new company called ACC-Vickers-Babcock &

Wilcox Ltd.,formed a new company called ACC-Vickers-Babcock Ltd.

1965

On 12th March, two agreements were signed between the Government of West Pakistan and the Company for the sale of all the immovable

 properties of the Company at Wah and Rohri in Pakistan to theGovernment of Pakistan. According to these agreements, a totalconsideration of Rs 3.26 crores was payable by the Government of WestPakistan to the Company in seven annual instalments along with interest

due.

The Government of West Pakistan caused the Mumbai Branch of the First National City Bank to furnish an irrevocable and without recourseguarantee to the Company.

4,74,731 Right Equity shares issued at par in the prop. 1:5.

1973

The Company owned two collieries, one at Nowrazabad and the other atKotma, both in M.P. Both the Collieries were taken over by Governmentwith effect from 1st May, under the provisions of the coal Mines(Nationalisation) Act, 1973.

1975

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With the acquisition of 2,86,000 shares during the year, AVB became asubsidiary of the Company.

1979

The Company received intimation that the Commissioner of Payments hadauthorised a provisional payment of Rs 61.01 lakhs out of which a sumof Rs 6 lakhs was kept aside towards claims of the third parties whichwere pending in appeals.

4,74,731 Bonus shares issued in prop. 1:6.

2003

Govt. of Singapore cuts down its holding in the company from 4.23% to2.96% Sells 19.5% stake in Bridgestone ACC India to BridgestoneCorporation, Japan for Rs 50 crore

Increases stake in its subsidiary Eternit Everest India from 26 per cent to 76 per cent by acquiring the shareholding of Belgium-based Etex group.The name of Eternit Everest India rechristened Everest Industries Ltd.

Bids for Idcol Cement of Industrial Development Corporation of Orissa(Idcol), where the Government of Orissa hold 87% and remaining owned

 by UTI Special court decides not to auction ACC shares held byHarshad Mehta Foreign Institutional Investors (FII) increase holding inthe company from 18% to 22% in two months

ACC on December 22, 2003 has signed a share purchase agreement withIndustrial Development Corporation of Orissa Ltd to acquire its entireshareholding in IDCOL Cement Ltd (ICL) amounting to 86.79% of ICL's equity share capital. Earlier this month, the State's CabinetCommittee on Disinvestment had approved the sale of IDCOL CementLtd to ACC as announced by the Department of Public Enterprise,

Government of Orissa.

2004

Associated Ceramics Ltd has informed that at the meeting of the BoD heldon January 31, 2004, the Board approved voluntary delisting o sharesfrom Calcutta Stock Exchange Association Ltd and Hyderabad Stock 

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Exchange Ltd.launches 0m GDR, FCCBsties up with UTI MF to buy outtheir entire 13.3 per cent shareholding in Bargarh Cement (formerlyIdcol Cement) for a total consideration of Rs 26.85 crore.

-Associated Cement Companies (ACC) has purchased 13.21 per cent stakeinBargarh Cement Ltd from Unit Trust of India. ACC bought 3.5croreshares of the nominal value of Rs 10 each in the company, for aconsideration of Rs 26.85 crore. With this, Bargarh Cement becomesa100 per cent subsidiary of ACC.

-Citigroup purchases 8.06 lakh GDRs of ACC

-ACC Ltd appoints Naresh and Varshitha as Addl Directors

-Delist from Cochin Stock Exchange

-Delist from Delhi Stock Exchange with effect from October 13, 2004.

-ACC enters into BTA with ACE Refractories

SALES INFORMATION

 

Annual Revenue ($US): 91,424,000,000

BUSINESS AND INDUSTRY INFORMATION

 

Ticker Symbol: IBM

Stock Exchange: NYS

Line of Business: Computer Related Services, Nec, Nsk 

SIC codes: 7379, 3571, 3572, 7371, 3674

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EXECUTIVE INFORMATION

Chairman of the Board Samuel J Palmisano

Chief Financial Officer Mark Loughridge

Secretary Daniel E O'Donnell

Executive Vice-President Nicholas M Donofrio

Senior Vice-President Douglas T Elix

Senior Vice-President David B Kalis

Senior Vice-President Edward M Lineen

Senior Vice-President Steven A Mills

Senior Vice-President Stephen Ward Jr  

Senior Vice-President William M Zeitler  

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Business Subsidiary

Carnegie International Subsidiary ACC Telecom to Open Office to ServeWashington, D.C., Northern Virginia.

ACC sells subsidiary to HNG Group at Rs 45 cr 

Mumbai, Mar 11 (PTI) Cement manufacturer ACC today said it has divestedits entire stake in its subsidiary ACC Machinery Company to dieselengine manufacturer HNG Group at Rs 45 crore.

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The company informed the Bombay Stock Exchange about the sale of itswholly-owned subsidiary.

The company further said ACC Machinery's net profit for the year endedDecember 31, 2007 was Rs 9.75 crore and the total income was 63.24crore.

AMCL had also paid a dividend of Rs 190 per share aggregating to Rs 7.60crore, it said.Shares of the company were trading at Rs 785, up 2.33 per cent on the BSE

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Acc capital holding

ACC Capital Holdings Corporation provides financial services in California.The company offers retail and wholesale mortgage loan origination, loanservicing, and automotive financing. It originates, services, andsecuritizes various mortgage and other lending products to homeownersand customers in the United States. The company is based in Orange,California. As of September 

ACC Capital Holdings Corporation

ACC Capital Holdings Corporation provides financial services in California.

The company offers retail and wholesale mortgage loan origination, loanservicing, and automotive financing. It originates, services, and securitizesvarious mortgage and other lending products to homeowners and customersin the United States. The company is based in Orange, California. As of September 1, 2007, ACC Capital Holdings Corporation is a subsidiary of Citi Markets & Banking.

Vision of the company

The new millennium will bring with it new challenges and greater opportunities. The 21st century will most certainly see the unfolding of a

 period of extraordinary possibilities and incredible developments bringing about more fundamental changes in the global economy thanthe last 200 years.

The successful corporates will be those who equip themselves to meet thechallenges and convert opportunities into winning strategies. If we are tokeep pace, it is imperative that we learn to successfully tread the global

 pathway.

In this journey, clarity of vision, a readiness to cultivate a global mindset,effectiveness, harnessing of human resources to enhance job andknowledge skills of employees, a strong accent on R & D and innovationand a move away from selling, to innovative marketing in recognition of the fact that the Customer is truly King, are some of the strategies thatwill help corporates to survive and succeed.

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However it must be remembered that it is not enough to adopt a set of valuesand just leave them in place. In order to move with the changing times,values and ideas must be ceaselessly re-examined so as to ensure thatthey are in tune with the organisation's goals.

Mission of the company

Aiming High:

We should be one of the largest Companies in the Country. Our growth insize will be through continuous review of potentials of the existingmanufacturing resources, strategic acquisitions and expansions

Core Competency:

Cement will be our mainstay. However, we shall venture into related fieldswhich afford purposeful synergy.

Quality Quest:

Product quality, consistency and customer service will be pursued as anact of faith throughout the organisation.

Modern Mindset:

In an environment which is intensively competitive, we shall be futuristic inoutlook and effective in management.

Pursuit Of Excellence:

The growing size of our business permit us to have an R & D set up of our own. We shall continuously challenge methods, systems, operating

 parameters. We shall constantly review our manufacturing systems toupgrade quality and value of products.

Human Resources:

We consider people as our valuable Assets. Our HRD Systems will betotally proactive and tuned to provide excellent working environmentand transparent organisational culture for creativity, innovation and

 participation.

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Value Addition:

ICL will continuously strive to enhance its value to its customers,ShareHolders and Employees.

Community Welfare:

As the organization grows, as a good Corporate Citizen, we shall besensitive to the welfare and development needs of the Society around us.