Economic Value Added of Acc(Cement Company)
MCS Assignment on Calculation of EVA for ACC Company {draw:frame} Group members: *Company Profile*: The corporate and registered offices are at Cement House, Mumbai. The company has two subsidiaries namely Bulk Cement Corporation India which caters to bulk cement requirements and ACC Machinery Company which manufactures machinery and equipment for use in chemicals and cement industries. It has associations with Yanbu Cement Company, Saudi Arabia for operating and managing their cement plant and Dangote Industries for engineering consultancy for setting up new cement plants for them. The company has rich experience in mining, being the largest user of limestone. As the largest cement producer in India, it is one of the biggest customers of the domestic coal industry, of Indian Railways, and a considerable user of the country’s road transport network services for inward and outward movement of materials and products. ACC has won several prizes and accolades for environment friendly measures taken at its plants and mines. It is amongst the first companies in India to include commitment to environmental protection as one of its corporate objectives, the company installed sophisticated pollution control equipment as far back as 1966, long before pollution control laws came into existence. Today each of its cement plants has state-of-the art pollution control equipment and devices. Financials: Share Holding pattern: Promoters own 46% stake in the company followed by FIs, banks and mutual funds which own 23% stake. Individuals, FIIs and Others own 17%, 9% and 5% stake in company respectively. The company disclosed a steady growth in standalone net profit for the quarter ended September 2009. The Company has posted a net profit of Rs 4356.339 million for the quarter ended September 30, 2009 whereas the same was at Rs 2834.349 million for the quarter ended September 30, 2008. Total Income is Rs 20202.463 million for the quarter ended September