TVS Motor Company Limited
FINANCIAL MANAGEMENT
TVS Motors Annual Report Analysis-I
TVS Motor Company Limited
22nd Annual Report 2013-2014
Sector Analysis
The two wheeler industry is still yet to pick up pace. There was a marginal rise from 2% in 2012-13 to 7% in 2013-14. Poor income levels and depressed economic sentiments are the major reasons for the lack in growth for this industry. Motorcycles grew at a moderate 4% from a low of 0.1% with respect to the previous year. Scooters as a category continued to gain momentum due to new launches and were high at 23% from 14%. Mopeds showed a decline of 8% over the previous year. The 3 wheeler industry grew by 5% mainly due to the increase in exports whereas domestic sales had suffered.
Business outlook and overview for this sector would be modest growth due to continued problems within the economy as well as poor consumer sentiments.
Notice to Shareholders
A notice regarding the Annual General Meeting was passed, which included propaganda as well as the venue, date and time for the same. A brief about the same is as follows:
Ordinary Business
The profit & loss and cash flow statement including consolidated financial statements for the year ended on 31st March 2014, together with the directors' report and the auditors' report thereon as presented to the meeting, be and are hereby, approved and adopted
Re-appointment of the director of the company
Appointment of the statutory auditors of the company to hold office
Special Business
Appointments and re-appointments of some of the directors
Remuneration of Rs. 5 Lakhs, in addition to reimbursement of travel and out-of-pocket expenses to the practicing cost accountant
All other terms and conditions of appointment and remuneration payable to the whole time director of the company, which is to be decided by means of ballot. All rules and regulations regarding to the ballot have also been listed
A brief profile of directors, who are proposed to be re-appointed / appointed in this AGM,
TVS Motors Annual Report Analysis-I
TVS Motor Company Limited
22nd Annual Report 2013-2014
Sector Analysis
The two wheeler industry is still yet to pick up pace. There was a marginal rise from 2% in 2012-13 to 7% in 2013-14. Poor income levels and depressed economic sentiments are the major reasons for the lack in growth for this industry. Motorcycles grew at a moderate 4% from a low of 0.1% with respect to the previous year. Scooters as a category continued to gain momentum due to new launches and were high at 23% from 14%. Mopeds showed a decline of 8% over the previous year. The 3 wheeler industry grew by 5% mainly due to the increase in exports whereas domestic sales had suffered.
Business outlook and overview for this sector would be modest growth due to continued problems within the economy as well as poor consumer sentiments.
Notice to Shareholders
A notice regarding the Annual General Meeting was passed, which included propaganda as well as the venue, date and time for the same. A brief about the same is as follows:
Ordinary Business
The profit & loss and cash flow statement including consolidated financial statements for the year ended on 31st March 2014, together with the directors' report and the auditors' report thereon as presented to the meeting, be and are hereby, approved and adopted
Re-appointment of the director of the company
Appointment of the statutory auditors of the company to hold office
Special Business
Appointments and re-appointments of some of the directors
Remuneration of Rs. 5 Lakhs, in addition to reimbursement of travel and out-of-pocket expenses to the practicing cost accountant
All other terms and conditions of appointment and remuneration payable to the whole time director of the company, which is to be decided by means of ballot. All rules and regulations regarding to the ballot have also been listed
A brief profile of directors, who are proposed to be re-appointed / appointed in this AGM,