Inspiration in Motion PRESENTED by:- POOJA DEVI

History

TVS motor company is the third largest two wheeler manufacturer in India. TVs motor company Ltd(TVS Motor), Member of the TVs group, is the largest company of the group in term of size and turnover.

o Industry : Publico Founded: 1978o Founder: TV sundaram lyengaro Headquarter: Chennai, Indiao Total Revenue: Rs 11,516 cr

Product and services of the company:

TVS motor currently manufactures a wide range of two and three – wheelers.

Motorcycle:

Apache series RTR, Victor, Starcity+, Sport, Max 4R.

Scooter:

Jupiter, Wego, Scooty Zest 110, Scooty pep+

Mopeds

XL 100, XL Super, XL Super Heavy Duty

Auto rickshaw TVs king

SERVICES

Extended warranties have been called “Health insurance for the vehicle.”

It allows a customer to enjoy the benefits of standard warranty with additional advantages over additional longer period of time.

Mission of TVS

TVS motor mission is to become highly profitable, Social responsible, and leading manufacturer of high value of money, environmental friendly.

Vision of TVS

TVS- Driven by the customerTVs motor will provide to the customer satisfaction by giving the customer the right product, at the right price, at the right time.

TVS- The Industry leader

TVs motor will become among the top three wheeler manufacture in India and among the top five wheeler manufacture in Asia.

TVS- The Human Factor

TVs motor believes that people make an organization and that its well-being is dependent on the commitment and growth of its people. And provide job satisfaction to employees.

Future policies TVs motor company is trading with positive bias on the back of future growth plan.

The company plan to launch three new model and a new-four-stoke moped, a new TVs victor and Apache 200 cc, in the next six month.

Accounting policies

The accounting policies are the specific policies and procedures that are used by a company to prepare its financial statements. The accounting policies include methods, measurement systems and procedures for presenting information in financial statements.

So lets find out what are the various accounting policies which TVS have used to make financial report of 2015-2016

Accounting policies followed by TVS

Hero follows various accounting policies some of them are:Accounting convention

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to comply

Their financial statements have been prepared on accrual basis under the historical cost convention

Fixed Assets

Fixed Asset are stated at cost acquisition or construction less accumulated depreciation if any.

Cost includes purchase price, taxes and duties, labour cost and directly attributable overhead expenditure incurred up to the date the asset is ready for its use.

Deprecation

Depreciation is charged on a pro- rata basis at the straight line method rates prescribed in Schedule II to the Companies Act, 2013.

INVETORY VALUATION POLICIES (AS2)

Inventories are valued at the lower of cost and net realisable value whichever less.

Cost of raw materials are ascertained on a moving weighted average basis.

costs are allocated to work-in-progress, stock-in-trade and finished goods.

Contingencies and events occurring after the balance sheet

date(AS-4)

A contingency is a condition or situation the ultimate outcome of which will be known or determined only on the occurrence or non-occurrence of uncertain future event’s.

Events occurring after the balance sheet date are those significant events both favourable and unfavourable that occur between the balance sheet date and the date on which the financial statements are approved.

All items of income and expense, which are recognised in a period, should be included in determination of net profit or loss for the period unless an accounting standard requires or permits otherwise. 

All ordinary and extraordinary item relating to the financial statement should be disclosed if it effects on profit or loss period before changing of accounting policies.

Net profit or loss for the Prior period items (AS-5)

Related parties (AS-18)

Statement deals with following related party relationships:

Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under common control with the reporting enterprise.

Associates, Joint Ventures of the reporting entity; Investing party or venture in respect of which reporting enterprise is an associate or a joint venture.

Some of the related parties are :

Holding company Sundaram- Clayton limited

Subsidiaries TVs investment limited TVs electronic limited Prime property holding limited NCR Auto cars limited

conclusion

Strong financial position.

The company continued to grow a head of the industry for the second yrs in succession and in2015-2016.