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CERTIFICATE

MR. A.M. ABID BASHA, M.Com., M.Phil., MBA, DCA.


Assistant Professor. Department of Corporate Secretaryship, The New College, Chennai 600014.

This is to certificate that K. MIR MOHAMMED ALI Register Number: 07UCA2048 of final year B.com (CS) has undergone INSTITUTIONAL TRAINING at NIPPO BATTERIES CO. LTD for the period of 30 days from 01.09.2009 to 30.09.2009 in partial fulfilment for the award of Bachelor Degree in Commerce (Corporate Secretaryship) of the University of Madras.

A.M. ABID BASHA

INTERNAL EXAMINER

EXTERNAL EXAMINER

ACKNOWLEDGEMENT
I sincerely thank my Prof. F. JAWAHAR ALI, M.Com., M.Phil., Associate Professor and Head of the Department for giving me the opportunity to undergo institutional training at NIPPO BATTERIES CO. LTD. I am thankful to MR. A.M. ABID BASHA, M.Com., M.Phil., MBA, DCA for his kind and valuable guidance in my work to completing this project work. I am very thankful to my respectable department professors.
1. 2. 3. 4. 5.

Mr. K.S. Mohammed Akmal, M.Com., M.phil., Dr. Syed Abdul Hameed, M.Com., Ph.D., Mr. S. Abdul Rasheed, M.Com., M.Phil., Mr. K. Sathyanarayanan, M.Com., Dr. S. Thothadri, M.A(Corp.Sec) M.Phil., A.C.S. (Inter), Ph.D., Mr. M.Ansar M.C.S, M.Phil., P.G.D.B.M., Mr. A. Siddique Ali, M.A., B.L., Mr. Syed Shakir Razvi, M.Com., M.Phil.,

6. 7. 8.

For helping me to complete this project. Secondly I would like to thank all the officials and employees of the NIPPO BATTERIES CO. LTD, for helping me and giving me the necessary information in the data with value support and timely help. I thank all of them who have helped me in supporting and gave me the necessary, co-operation to complete my project successfully.

K. MIR MOHAMMED ALI

PROFILE OF NIPPO BATTERIES LTD


Nippo today, is a household name in India. A name synonymous with batteries , manufactured by Nippo Batteries Co., Ltd., (Formerly known as Indo National Limited) since its inception in 1972, Nippo has been providing millions of its customers with quality and performance that is second to none, crossing the landmark cumulative production of over 10.78 billion batteries in December 2006. Nippo Batteries co.ltd.,(Formerly known as Indo National Limited) with its corporate office at Chennai, is the first Indian dry battery company to have been certified with the ISO 9001 and ISO 14001 international standards and has ISI mark of quality on all its batteries. With a strong distribution network of 33 offices spanning the country, Nippo batteries reach millions of homes through 7 distributors, over 30000 stockists, 1000 vans and 500 autos covering over 7 Lakhs retail outlets. Nippo the second largest dry battery player in India with 31% market share has commenced the TPM & TQM activities, to provide consistent quality and value for money for all its customers to achieve the leadership in the coming years. Nippo Batteries Co., Ltd., second largest dry cell battery manufacturer in India was incorporated in 1972 as a joint venture with Matsushita Electric Industrial Co., Ltd of Japan, with the goal of bringing the world's best battery technology to the country. A lot of first to our credit like the tamperproof top seal, zinc chloride technology in AA batteries, introduction of twin piece Manganese battery in shrink pack and Nippo Premium Gold, a first in India. Upgrading it further to Mercury free status, another first in India. Nippo also offers a range of torchlights from its stable. With factories at Nellore and Tada both in Andhra Pradesh, Nippo caters to the soft energy

requirements of the company. The company was walked away with the Management Excellence Awards Silver and Gold from MEI, Japan. Nippo celebrated is 25th Anniversary in 1998 and continues its tradition of providing world class products to its customers. Brand building has been a part of advertising exercise over the last few years, where leading celebrities like Rahul Dravid and Govinda have been engaged to campaign for Nippo across the country. Besides using the electronic media. a lot of outdoor activities through hoardings, well painting and mobile media like buses have been utilized extensively for Nippo.

Achievements of Nippo batteries


Nippo batteries have come a long way since the day of its inception in the early nineteen seventies. Here is a year by year account of our colourful history and the many milestone events as they are unfolded.

2001 2000 1999

Landmark cumulative production figure of 7000 million batteries crossed in April Initiation of TPM and TQM activities Launch of Shakti Vision 2003 Cumulative production crosses 6000 million Bronze award in PR contest from MEI, Japan for the corporate film, POWERING AHEAD Launch of Nippo Premium Gold, India's first mercury free battery

1998 1997

Silver Jubilee celebrations Mr. Yasuda, President, MBI and Mr. Kaiikawa visit INNCO for the Silver Jubilee celebrations Initiation of ISO 14001 Installation of 2nd high speed 3D line at Tada Introduction of BF 103 torch Nellore picks up 'Best Union Award' again Cumulative production crosses 5000 million Receipt of ISO 14001 certification Nippo Batteries Ltd. becomes the first Indian battery company to receive the ISO 9001 and ISO 14001 certifications

1996

Visit of Junior Matsushita, Mr. Masayuki Matsushita to India Introduction of 5 day week at HO and factories ISO certification for Nellore and Tada factories and Head Office

1995

Management Excellence Gold Award from MEI, Japan Launch of FF 300 Sleek torch light Cumulative production crosses 4000 million Nippo Batteries again - receipt of first prize at the 'Horticulture Show' conducted by Andhra Pradesh Government More awards, for 'Best Safety' and 'Good Housekeeping' from Andhra Pradesh Government Initiation of ISO 9000 accreditation process Launch of Vision 2000 Launch of high performance batteries in UM-3 and UM-1 segments Nellore picks up 'Best Union Award' from Andhra Pradesh Government >

1994

Nippo Batteries walks away with the first prize in the State level Garden Festival,

organised by the Andhra Pradesh Government Management Excellence Silver Award from MEI, Japan 1993 1992 1989 1988 1986 1985 1984 1983 Launch of Nippo Gold (3D) at Tada plant 20th Anniversary celebrations Visit of Mr. S. Dounishi, then President, MBI, Japan First copies of Nippo News are out Achievement of a cumulative production of 3000 million Launch of BF 102 torch light Andhra Pradesh Government confers Best Management Award on Nippo Batteries Nippo crosses the 2000 million production mark Effluent treatment plant at Nellore commences operation Commissioning of 3U hi-tech line at Tada plant Achievement of cumulative production of 1000 million batteries Nippo picks up 'Productivity Award' from Andhra Pradesh Government Celebrations marked 10th anniversary Visits of Mr. Kurata, then Managing Director, MBI and Mr. Azuma, then President, MBI Nellore plant picks up 'Good Housekeeping Award' from Andhra Pradesh Government 1982 1981 1980 1979 1978 1977 1976 1976 1975 1973 1972 Mr. Yamashita, then President, MEI and CMD Obul Reddy meet India's then Prime Minister Smt. Indira Gandhi A million batteries exported to the USSR Grant of IS:8144 for 1U Inauguration of our new factory at Tada, Andhra Pradesh. IP cells go into production Installation of workshop with top-of-the-line maintenance equipment Production commences for the new line of UM-3U cells UM-3U goes into production Introduction of the pilfer proof top seal, now an industry standard Nippo 1P cells receive IS:8144 recognition Production commences for UM (1S) Nippo goes international. The first export consignment leaves for Yemen Followed by Nippo Special (1P), an industry first. Its special quality paper outer jacket made it easily affordable for the rural market Nippo Hyper (2U) goes into production Production commences for Nippo Hyper (1U) INNCO is established

1970

Mr. P. Obul Reddy, CMD obtains a letter of intent from MEI, Japan, expressing an agreement in principle for a collaboration with Nippo Batteries.

Products of Nippo
Batteries
Nippo has wide range of Zinc Carbon/Manganese Batteries in sizes of R6(AA), R14(c), R20(D), R3(AAA).Nippo Batteries was the first to launch Zinc chloride heavy duty batteries in India. And Nippo has the ISI mark on its products manufactured in INDIA. Nippo is also the first company to launch environment friendly no mercury added batteries in AA segment.

Power Station
Nippo next generation charges are here to 'Recharge your batteries, literally. The innovative 'Trickle Charge' technology, 'Refresh' feature and an attractive LCD display.

Torches
Nippo has wide range of Torches suitable for Indian needs. Nippo was the first company to launch Diamond cut reflector in durable polypropylene torches. Nippo also launched unique Radium Torches which can be easily identified in Dark. Recently Nippo has launched energy saving torches is that they don't have switch/bulb. The LED life is about 1Lakhhours.

Emergency Power Backup Range


Nippo has launched a wide range of Emergency power Backup Range products to take care of the power needs of the people. . They are all Rechargeable using sealed lead acid batteries. Super Bright LED's a used in Lanterns. They also provides light for longer duration. No Need to worry about power cuts. Nippo Rechargeable Table Fans unleash fresh air during power cuts.

INDUSTRY PROFILE
Prospects of the Indian Electric/Electronic Industry
Like every other industrial sector in India, the Indian Electrical/Electronics Industry too is slowly emerging from out of its "protective cover". For far too long has Indian Industry remained

shackled and consequently inward looking. Over the past fifty years there was no exposure to global players and competition, with the result that the Industry grew up in a sheltered environment, dependent on the Government for everything, from licenses to protection to tariffs. Each one of these interventions was aimed at securing protection for oneself and ensuring growth of ones own organization at the cost of industry and the nation at large. Lack of global competition encouraged a "cost plus" approach, where every conceivable cost increase was passed on to the customer. There was thus no motivation to reduce costs. With deli censing, decontrol and deregulation, Indian Industry has suddenly been exposed to global competition. Since last decade, India has witnessed what global players have achieved and what they are capable of achieving. We are becoming aware of competition on our turf. In this scenario, every company complains of increased competition, lower order books and shrinking margins. The Indian Electrical/Electronics Industry is of course further besieged by the fact that there is a dearth of business on account of lack of investment in the power infrastructure. Many organizations in this industry are looking overseas to develop the export markets owing to reduced demand at home. At the outset, it must be stated that the reduced domestic demand is at best a temporary phenomenon. The power sector in India is bound to grow and this will undoubtedly boost demand from the Utilities, quite apart from the industrial demand which will continue to grow with increased industrial output. The poor financial health of the SEBs is however a damper that cannot be wished away in the short term. This will continue to plague corporate in the Electrical Industry, until the SEB restructuring and unbundling brings a turnaround in the medium term.

Segments of Electrical and Electronics Industry

The global electrical and electronics industry centers around various adjunct sectors. Few of them are Electronic Components, Computer & Office Equipments, Telecommunications, Consumer Electronics as well as Industrial Electronics.

Electronic Components Industry


This particular industry is engaged in designing, manufacturing, marketing, supporting, selling and distributing of broad range of electronic components such as bolts, clamps, fasteners, lighting, semi conductors, integrated circuits, microprocessors, cables and wires, switches, sensors, keyboards, sockets, sonar devices, test and inspection equipment etc. Worldwide market leaders electronic components are United States of America, European, Asian countries like Japan, China, India, Taiwan, and Hong Kong.

Future Prospects
The domestic market in India is itself large, and one must firstly satisfy this market with products that meet international quality standards. With increasing globalization, every international player is now operating in India, providing goods and services complying with international quality. Once we deliver high quality products and services within the domestic market, accessing the international market for exports should not pose a serious challenge. The Electrical/Electronics Industry in India is growing to its full potential in the coming years and no doubt that India will soon come to be recognized for quality products and services which in turn, will bring this industry to a position of true leadership. Indian electrical industry has grown because of government's thrust on it and also due to overall economic growth. It has also reached a stage where the industry has demonstrated its capabilities.

The industry has seen a growth of 20% and should continue at the same level for the next few years.

Factors Governing the Growth of this Industry


Every industry thrives on some supporting factors. In this connection, there are few factors governing the growth of electrical and electronics industry: * Research & development played an important role to the increased productivity and highervalue added electrical and electronics products. * Foreign investments accelerated growth in production and export as well. To expand their business, foreign companies have done huge investment which leads developing countries in establishing production units. * Global industries like Medical, Telecommunications, Industrial & Automotive industries have been cordially supported by electrical & electronics industry. * Increase in income changed living standards of the common mass. As a result, it increased the demand of electronics especially consumer electronics products globally. * Electric & Electrical industry is highly fragmented which comprises of many small and medium size enterprises resulting into a huge industry. * Asia Pacific region is emerging as the most spinning place for the consumer electronics industry, as the markets remain still unbroached. * Innovation has played importantly in this industry. It led to a consistent demand for newer and faster products and applications.

CODE OF CONDUCT
CODE OF CONDUCT FOR BOARD MEMBERS AND FOR SENIOR MANAGERIAL PERSONNEL OF THE COMPANY (I) INTRODUCTION
This Code for the members of the Board of Directors and for the Senior Managerial Personnel of the Nippo Batteries Co. Ltd. (the Company) helps the Company to maintain the Standard of the Business Ethics and ensure compliance with the legal requirements, specifically under Clause 49 of the Standard Listing Agreements of the Company with the Madras, Mumbai, Hyderabad and National Stock Exchanges. The Code is aimed to prevent any wrongdoing and to promote ethical

conduct at the Board and Senior Management level

(II) APPLICABILITY
The code is applicable to the following persons (the Officers): (a) Members of the Board of Director of the Company And (b) Senior Managerial Personnel i.e. all members of management one level below the Executive Directors including all functional heads. All the concerned are expected to read and understand this Code and to uphold standards set out under this, in his/her day-to-day activities. As the principles set out under this are general in character, Officers should also review the Company's other applicable Policies and Procedures for more specific instructions. In case of any difficulty in interpretation or allied matters This Code is in addition to and not in derogation with any Act, law, rules

(III) DEFINITION
Material Transaction: Every transaction the value of which exceeds Rs.50,000 per annum shall be considered as transaction of the material nature. Interest in Transaction: Interest in any transaction (be a contract or arrangement) either through himself or through any of the following shall be regarded as interest in the transaction: i. Interest through spouse; ii. Interest through son/daughter; iii. Interest through parents or iv. Interest through Son's wife or Daughter's husband. Corporate Opportunity: Corporate Opportunity is an opportunity in which the Company has a right/ property / interest or expectancy or opportunity is the one, which injustice should belong to the Company. They may contact the Company Secretary.

(VI) USE OF COMPANY'S FUNDS & ASSETS


The Company expects all Officers to use Company's funds diligently. The Officers are prohibited from using Company assets, Confidential or proprietary information or position for personal gain.

(VII) CONFLICTS OF INTEREST


Officers are expected to disclose any of their transaction, which has or may have any conflicting interest with the business of the Company. They must ensure that these transactions do not compromise on their responsibility towards the Company. This Policy requires that every such transaction shall require prior approval of the Audit Committee. Transaction here includes investment in supplier, competitor or customer of the Company, Directorship in any competitor Companies, acceptance of any simultaneous employment in suppliers or customers or competitor firm(s) Company(ies).

(VIII) CORPORATE OPPORTUNITIES


An Officer should not exploit any Corporate Opportunity for their personal use, which comes to their knowledge, because of such position, without obtaining prior consent of the Board of Directors

(IX) PROTECTING THE COMPANY'S CONFIDENTIAL INFORMATION


Officers are under obligation to maintain the confidentiality of the insider information coming to their way, which if disclosed to an outsider may have any adverse impact on the Company and will not disclose it except in the course of discharge of their duties.

(X) PAYMENTS OR GIFTS FROM OTHERS


No Board Member & Senior Management of the Company or member of his or her immediate family, shall (directly or indirectly) solicit, accept or retain any gift, entertainment, trip, discount, service, or other benefit from any organization or person doing business or competing with the Company, other than (i) modest gifts or entertainment as part of normal business courtesy and hospitality that would not influence, and would not reasonably appear to be capable of influencing, such person to act in any manner not in the best interest of the Company or (ii) acceptance of a

nominally benefit that has been disclosed to the Company.

(XI) EMPLOYEE RELATIONSHIPS


The Company continually strives to promote positive and productive working relationships among its Officers to fully comply with the letter and spirit of all laws prohibiting discrimination and sexual harassment. While the Company does not wish to unduly interfere with the private lives of its employees, some limitations on personal relationships in the work place are necessary in order to prevent actual or perceived favoritism, problems with Seniors and possible claims of discrimination or harassment. For these reasons, an Officer shall not engage in romantic or sexual encounters or relationships with any other employee with whom he or she is in a supervisory or reporting relationship. The Company recognizes the importance of developing close working relationships among employees and this policy is not intended to prohibit friendships that naturally develop in a work setting or social interaction among employees.

(XII) COMPLIANCE WITH LAWS, RULES & REGULATIONS


Officer must comply with all applicable laws, rules and regulation. Officers are expected to have knowledge of legal obligations relating to their duty and to accomplish their tasks in conformity with such obligations

(XIV) COMPLIANCE WITH CODE OF CONDUCT


It is part of the Officer's duty to help in the enforcement of the Code. They are under an obligation to bring any violation of the Code to the knowledge of the Company Secretary. All the Officers are expected to co-operate in any investigation made in pursuance of the Code. Reprisal, threat, retribution or retaliation against any person, who has, in good faith, reported a violation or suspected violation of the law under this Code or under other Company Policy (ies) or against any person who is assisting in any investigation or process with respect to such a violation, is prohibited. The Company will take appropriate action against any Officer whose actions are found to violate

the Code or any other Policy of the Company. Disciplinary action may include immediate termination of employment or cessation of the office at the Company's sole discretion. Where the Company has suffered a loss, it may pursue its remedies against the person(s) responsible.

(XV) WAIVER AND AMENDMENTS TO THE CODE


This Code is subject to the modifications and no amendment / waiver of any provision of the Code is possible unless approved in writing by the Board of Directors of the Company.

(XIII) INCLUSIONARY CLAUSE


Transactions given above are only exemplary ones and it would not be possible to quote here, all situations in which conflict of the interest may arise. So, if a situation raises any doubt or question, the Officer may consult the Company Nippo Batteries Ltd., second largest dry cell battery manufacturer in India was incorporated in 1972 as a joint venture with Matsushita Electric Industrial Co., Ltd. of Japan, with the goal of bringing the world's best battery technology to the country.

Board of Directors

JUSTICE MR.S.NATARAJAN Chairman MR.P.DWARAKANATH REDDY Managing Director MR.P.OBUL REDDY Director MR.R.P.KHAITAN Joint Managing Director MR.V.R.GUPTE Director DR.S.A.DAVE Director MR.JUNICHI GOTO Director MR.HIROSHI SUGIMURA Director MR.M.MORIKAWA Director MR.H.AOTA Director

CLIENTS
Besides being one of India's largest selling battery manufacturers, we also supply to leading companies and Original Equipment Manufacturers. This solid customer base contributes to and enhanced brand image besides aiding further sale through the replacement market. Some of the corporate customers are: OEM Customer List
Ajanta Clocks LGTV Konka TVs Salora TVs Crown TVs Grundig TVs Webel Nicco Genus Godrej Sara Lee Ltd Godrej Consumer Ltd Institutions Indian Armys CRPF Indian Space Research Orgn. All India Radio ONGC Bokaro Steel Plant Salem Steel Plant Hindustan Lever Ltd. Neyveli Lignite Corpn Tamil Nadu State Transport Corpn. Hindustan Photo Films Ltd. Indian Navy Coast Guard Indian Railways Madras Refineries Ltd. Kudremukh Iron Ore Co. Ltd. Rourkela Steel Plant Durgapur Steel Plant Andhra Pradesh Police Hindustan Aeronautics Ltd Bharat Heavy Electricals Canteen Stores Department Indian Airforce Nuclear Power Corp. Indian Airlines Madras Fertilizers Ltd. Vishakapatnam Steel Plant Bhillai Steel Plant Konica Colour Lab Tamil Nadu Police Port Trusts Hindustan Newsprint Ltd. National Thermal Power Corp.Ltd Titan Clocks Videocon TVs Samay Clocks Videon TVs Bestavision TVs Cas Weighing Equipments Goldwin Technologies Velson Plastics Havells Onida TVs Matsushita TV and Audio Thomson TVs Beltek India Ltd. Rewa Clocks Air Vision Sartime Clocks Champion Trading Co Wipro

SHAREHOLDERS
Share Holders As per the revised Clause 49 of the Listing Agreement with the Stock Exchanges, the Board had desiginated MR.P. Dwarakanath Reddy, Managing Director as Chief Executive Officer (CEO) and Mr. M. Sankara Reddy, General Manager, Accounts & Finance as Chief Financial Officer (CFO) for complying with the Corporate Governance norms.

CATEGORY INDIAN PROMOTERS PANASONIC CORPORATION GENERAL PUBLIC TOTAL

NO.OF SHARES 1664990 1147125 937885 3750000

% SHARES.HELD 44.40% 30.59% 25.01% 100.00%

AWARDS
Over the years, just about every aspect of the operations at Nippo Batteries Co. Ltd., (Formerly known as Indo National Limited) has received recognition by way of awards, accolades and certification. Besides a number of awards for housekeeping, safety, productivity and management, the company has also received the Management Excellence award from MBI, Japan consecutively

for two years. Some of the awards are mentioned below. AOTS CUMI 5S Excellence Award 2006 AC Nielsen Award Best Management Award Award for Excellence in Environment & Management 2005 Awards from MEI Japan Award for Excellence in Environment & Management 2002 Industrial Large Scale Award NIPM Award Industrial Peace & Harmony Award Productivity Award Best Union Award

OFFICE MANAGEMENT AND LAYOUT WORKING CONDITIONS


The company has a comfortable atmosphere in which staff could work in peace.

RECEPTION
A lady staff is placed who provides information and help to those who seek her guidance. She operates the telephone board and connects the incoming calls to those personnel to whom so ever it may concern.

LOBBY
There is a small lobby for those who like to meet the managerial personnel. The lobby as a long so for the visitors to sit while they wait for their appointment.

CABINS
There are wooden cabins with glasses and screens for the managerial personnel. Each department manager is housed in separate cabins.

TABLES
The tables are broad and spacious for the staff to do their work comfortably. They have drawers in their own tables to keep their personnel and belongings under lock and key.

CHAIR
Chairs are designed well to keep the company staff at the table during office hours.

GLASS WINDOW

All around the office there are large sliding windows which provide good natural light and ventilation.

COMPUTERS
The systems have necessary software for the personnel to work quickly there is a good backup UPS capacity of 2hours battery backup.

XEROX
There is a Xerox machine which helps to duplicate the copies easily and makes the work easier.

FAX
A fax machine helps to send and receive a company document quickly and easily.

TELEPHONE
The main telephone is kept at reception and the receptionist gives the incoming calls to those personnel to whomever it may concern with an intercom facility.

AIRCONDITIONING AND LIGHTING


The office is fully centralized with air conditioners and there are number of lights that make the office bright.

SCANNER
There is a scanner which helps to scan the documents easily.

MAINTENANCE
All the machines and equipments are regularly checked and kept in good condition.

COMMUNICATION METHODS
Communication methods process passing information and understanding from one person to another.

INTERMISSION COMMUNICATION
Within the federations there are three methods: Facts to face work. Intercom facilities. Through office assistants. External communication is also available through telephone, telex, fax, through personal visit and through postal etc.,

SAFETY AND SANITARY CONDITIONS


Safety is essential for any office as its records and equipments should be safe.The file and records in NIPPO BATTERIES CO. LTD are kept in a separate place which is called record room with a rack to place the files in good condition.

SANITARY

The sanitary system in the company is a common aspect in all the organizations. As the sanitary condition of the company is clean and is maintenance of the work is done often by maintenance staff. The sanitary system is separate for gents and ladies.

NATURE OF WORK DONE

First of all its an excellent opportunity to undergo training in Nippo Batteries Co.Ltd. During the training period I came to know the companys History, Products and functions of the various departments of the company. I had an opportunity to meet well trained and skillful employees of the company. The first day was spent on introductions. The first week of training was very interesting, where I have been asked to work in the Accounts Department. I filled the name and address of suppliers, date of invoice and amount of invoice. I verified all the Vouchers and records of the company. I was given a Computer where I cross checked whether the invoice number serial number and company names in the system matched with records or not. During the second week I was taken to the sales department where the person in charge explained various marketing strategies used by the companies to sell their products. During the third week I was taken to the HR department where the person in charge explained the organization structure of the company. During the fourth week I was asked to speak with the customers of Nippo Batteries Co. Ltd to get the feedback about the products. I prepared a report about feedback and submitted to the PR Department. Finally, they gave me the three years annual reports and balance sheet of the company. This helped me to understand the performance of the company for past three years. I hope and believe that this one month training programme will be of immense use in all future endeavors.

FUNCTIONS OF DEPARTMENTS
SECRETARIAL DEPARTMENT
This department is headed by the company secretary. The main work of this department is to deal with shares of the company and proceeding there upon.

DEFINITION OF SECRETARY
According to Sec.2[45] of the companies act in 1988 secretary means a company within the meaning of sec.2[1][c] of the company secretaries Act 19980 and includes any other individual possessing the prescribed qualifications and appointed to perform the duties which may be performed by secretary under this act any other ministerial or administrative duties.

The statutory duties of a company secretary may be discussed under


To maintain register of investments held by the company in the name of its nominees. To sign any documents or proceedings requiring authentication by the company. To deliver for registration return of allotment. To give native of increase in share capital or of members of register. To deliver for registration particulars of mortgages and charges to the register. File with the registrar a duly verified declaration for obtaining the certificate of commencement of business.

To sign the return. To send notice of general meeting to member. To prepare minutes of every meetings. To sign the annual accounts of the company.

To send notice of meeting of the board of directors. To assist in preparing the statement of affairs in a winding up for the purpose of submitting it to the intimidator.

TRANSFER AND TRANSMISION OF SHARES


The shares of a company are freely transferable like movable property unless there is a restriction on the transfer in the articles of association. Sec 82 also specifically provides that the share or other interest of any member in a company is movable property transferable in the manner prescribed in the act and the articles of the company. Transmissions of shares take place on the death or insolvency of an individual member or if the member is a limited company on its going White house it oxidation in case of transmission of shares no instrument of transfer in necessary.

PROCEDURE FOR TRANSFER OF SHARES


Sec 108 to 112 deal with transfer of shares.

Instrument of transfer
A company shall not register a transfer of shares unless a proper instrument of transfer duly stamped and executed and signed by the north the transfer by north the transferor and the transferee is delivered to the shares registrar. The share certificate along with a requisition letter has to be accompanied with the instrument of transfer.

Endorsement of the instrumentation


The share transfer from before submitting to the register has to be presented to the prescribed authority. The prescribed shall stamp or otherwise indorse there on the date on which the instrument is so presented. The transfer has to be submitted with 12 months from that date of getting authorization. The clerk who is scouting the form has to look for the

above details including the share certificate number folio number and the no shares transferred. Specimen The signature of the transferor is checked with that of in the specimen book. If there is any difference between the signature in the transfer from and the signature in the specimen book a letter is sent to the transferor as intimation.

Transfer
After all the procedures are over the transfer entry is made as the back of the share certificate and duly signed by the official of the shares registry.

Certificate
Certificates are then sent to the company for the signature of company secretary and also for the further enquire.

Certificate of the transferee


After all the requirements are over the certificate is lodged with the transferee.

TRANSMISSION OF SHARES
Transmission of shares takes on the death or insolvency of an individual member. The legal representative or official assignee can valid; transfer the share to another person even through he himself is not a member or keeps the shares with him. In case of transmission of shares no instruments of transfer in necessary. The person to whom the shares are transmitted by law should make an application to the registrar for registration of shares registration of shares in him name. the application should also accompany registration of shares registration of shares in his name. The application should also company with the Death Certificate of the person in whose name the share was registered before and whose death resulted in transmission.

PROXY
A proxy is an authority to represented and vote for another person at a meeting. A proxy must be in writing and signed by the appointed person. A proxy has no rights to speak at the meeting. There is not entitled to vote expect on a poll. A proxy is revocable. A member of a private company is not entitled to appoint more than one proxy and member of a company not having share capital cannot appoint a proxy.

SHARE CERTIFICATE
The share certificate is document of the company. The share certificate under the seal of the company, specifying and shares held by the members. It is declaration the company to all worked that the person to whom name the certificate is made out is shareholder Of the company. The company must have the shares ready for delivery within three months of allotment of shares of within two months after the application for registration of the transfer of any such shares. At least two directors and the secretary shall sign it. The company may renew a share certificate or issue a duplicate if its satisfied that shareholder had either lost the share certificate of has been or mutilated or torn.

SHARE WARRANT
A share warrant is as document issued by a company stating that is bearer is entitled to the share specified therein. It is transferable by a mere delivery. It is a negotiable instrument. The share warrant is issued only on share that are fully paid-up. The bearer of share warrant, subject to the articles is entitled on surrendering the same is a share warrant is transferable by mere delivery coupons are attached to each warrant is bearing the dated on which the dividend will be paid to the person who produces the appropriate coupon.

DIVIDEND
One of the main objects of a commercial enterprise is to earn profits, which are distributed along shareholder by way of Dividend. The director decided what dividend should be recommended to be paid. A resolution passed in the meeting of the director recommending a certain related of dividend to be paid person whose names appear on the register of member on a specified date namely the date for the closure of the transfer books etc and authorizing the secretary to make necessary arrangements either the payments of dividend.

PROCEDURE FOR PAYMENT OF DIVIDEND


After the resolution at the annual general meeting the payment of dividend is made in proportion to paid up capital 10% of its transferred to the reserve account. The dividend is paid in the form of cash. The dividend warrant is exchanged for the cash sometimes it happens that the company may also issued paid bonus shares.

DIVIDEND WARRANT
Dividend warrant for different payments can be distinguished by means of a number of bold figures printed in a prominent position on warrant. Large companies use computer to fill in the dividend warrant. The secretarys signature will be printed.

INTERIM DIVIDEND
Those are dividends, which are declared in between to annual general meeting of the company. The articles of the company may empower the director declaring the dividend considering the financial position. An interim dividend is usually paid for six months. The interim accounts are prepared to obtain a rough idea regarding profit in the interim period.

ACCOUNTS DEPARTMENT
Finance is the soul of business its essential factor. It is the axle round which rotates the wheel of the modern industry. In modern times finance is important in business activity. In initial stages it makes production possible and later on it facilities distribution process. The vary form and size of business is decided by the availability of finance. Finance is that administrative area of set of administrative function in an organization may have the means to carry out its objective as satisfactory.

Finance is needed in business for the following reasons


To acquire fixed capital like plot of land, machinery and furniture etc. To acquire floating capital in the firm. To carry on renovation in the firm To meet the expenses of the formation of the firm. To strengthen the business. The Indian association of materials managements implies that 64 arise in a rupee is spent on materials by Indian industrials. Thus any saving made in the cost of materials will go a long way in reducing the cost of production and improving the profitability of a concern. In an organization can affect 5% saving in materials cost, it would be as good as increasing the production or sales by about 36%.

FACTORS THAT HAVE A BEARING ON PARTIAL STRUCTURE

A wide range of factors has a bearing of a firms capital structure. The following are the important.

VARIABILITY OF SHARES
If the sales revenue of a firm stable it can go in for a higher level of department in its capital structure on the other hand if the sales of a firm are highly fluctuating its dent capacity is limited.

PROFIT ABILITY
We often find those firms, which are highly profitable, use relatively little debt in their capital structure.

TAXES
The interest on debt capital as we have seen in tax - deductible. Hence higher the tax rate greater the incentive to employ debt capital.

ATTITUDE OF MANAGEMENT AND OWNERS


If the management and owners and risk average and not concerned about dispersion of control equity financing may be preferable to dent financing. On the other hand if the management and owners are inclined on take risk and been on preserving control debt financing may preferable to equity financing.

ATTITUDE OF LENDERS
Since the availability of debt capital depends on the willingness of lenders to provide it the attitude of lenders is an important consideration in the capital structure decision.

NORMS OF THE CONTROLLER OF CAPITAL ISSUE


In India the financial plan of a firm to be approved by the controller issue. In general he follows debt equity norm of 2:1.

OPERATING LEVERAGE

In general, a firm characterized by a high degree of operating leverage has a somewhat limited debt capacity because it may increase the risk level or the firm beyond reasonable limits.

GROWTH RATE
Rapidly growing firms need to debt. This is so because the cost of external equity is under pricing and the expenses of issue are higher. Hence such firms lean more on debt capital.

NEED FOR RESERVE BORROWING POWER


A firm may like to maintain a reserve borrowing power to meet financial emergencies. Due to the need for reserve barrowing powers the leverage ratio in the capital structure may be kept lower than what otherwise needed. Finance department is headed by vice-president [finance].The main work concerned with the finance department is to provide for different projects and for the day to day operation of the company. The two source of finance are 1. share capital 2. deposits

SHARE CAPITAL
Share capital means the capital raised by a company by issue of shares. The word capital in connection with a company is used in several; it may mean the nominal authorized or registered share capital or issued paid-up reserve share capital of the company.

DEPOSIT
Deposits are sum received from the depositor as a pledge or part payment deposits are accepted by IDBI, ICICI and STATE IDUSTRIES CORPORATION OF TAMIL NADU.

FROM IDBI AND ICICI


Industrial development bank of India and Industries credit co-operation of India are secured by joint mortgages. My deposits of title deeds on fixed assets of the company and the managing directors and another have fully guaranteed in this personal capacity.

FIXED DEPOSIT
Fixed deposits from state industries Promotion Corporation of Tamil Nadu limited and government of Tamil Nadu.

MEDICAL WELFARE
The company takes necessary steps to protect employees and their families from different health hazards. The company had nearly spent about 13lakhs in 94-95 for the medical bill of the employees. The company has also executed many health programs.

PURCHASE DEPARTMENT
The Purchase Departments Consists Of 1. Manager and his Assistants 2. Assistants Consists of Store Keeper As the company manufactures foreign raw materials i.e. IRON AND STEEL and other needed items are ordered through this department, which is in need of it. The purchase manager inurn spent it to the supplier. The supplier has to contact the purchase manager. The main raw materials required for the production of steel are foreign billets and bars of various specification of carbon alloy and stainless,MMF places great emphasis on procuring of steel through stringent inspecting procedures. The companys principal suppliers are:
1. Visehwara iron and steel Ltd, bahdrawathi

2. Steel authority of India ltd Durgapur.


3. kalian steel ltd, Pune

MARKETING AND DISTRIBUTION


Marketing and distribution is the process by which goods and services finally flow to the consumers who need them. Before distribution of the goods to the customers, the manager must

1. Determining the credit standing 2. Decide as to whom to grant credit and the extents and terms to which credit is granted. 3. Actual collection The packing of the rods should be doing in a way, which makes transportation and storage of the goods easy, before distribution. The manager should also ensure the goods in transits of any.

PERSONNEL DEPARTMENT
The Company often finds that there has not been close relationship between man and management to the companys expectations due to the fact that the workers strike for their wishes to be fulfilled and the company opposes to do so. In order to keep the workers and management closer to the personnel department is essential for every company. The Indian government too has set up a separate department as human welfare of the workers and the management. The main functions of the personnel department are 1. To look after the welfare of their co-workers 2. To recruit new people 3. To maintain a close relationship between the workers union and management This department consists of 1. Chief administrative officer 2. Typist and assistant The chief administrative officer is responsible in looking after the overall administration of the organizations: He normally interviews the candidates who are suitable to the different jobs. He

maintains and undoes date record of all the employees in the organization and prepares the salary statement after making suitable TDS deduction. He also files the necessary returns which the various government department needs.

PROCEDURE OF RECRUITMENT
1. Preliminary screening 2. Sending application forms 3. Trade tests 4. Written tests 5. Psychological test 6. Interview 7. physical tests 8. on the job tests 9. reference 10. final selection 11. intimation to salary department Intelligence tests Aptitude tests Interest tests Personality tests

WELFARE SCHEMES
The company was to frame different schemes to enrich the workers. The welfare is the remain thing in worker life it motivates employees to work more interests and efficiency in workers in order to avail of those schemer to contribute their best energies and as a result production normally increases approximately by 25 percent.

EMPLOYEES PROVIDENT FUND SCHEMES


Sec 5 empowers the central government to frame by notification in the official gazette called the employees provident fund schemes for the establishment of provident fund the act for employees or any class of the wages basis, dearness allowance and retirement benefit.

EMPLOYEES LINKED INSURANCE FUND


The employers shall pay into the fund from to time in respect of these employees in amount not exceeding 1 percent of the aggregate of the basis wages dearness allowance and retiring benefit. The company shall also pay into the insurance fund such further sum of money not exceeding percent of the employees deposits linked insurance schemes.

EMPLOYEES STATE INSURANCE


According to employees state insurance Act 1948,all persons employed for wages in or in connection with the work of a factory or establishment are entitled to disablement benefit provided by their remuneration does not exceed rs.3000 per month.

1. TAMIL NADU LABOUR WELFARE


The employees also contribute a specified amount to Tamil Nadu labor welfare fund. The fund is by the central government of India and enacted by the government of Tamil Nadu.The pricing of the product is also an important duty of the making manager. Before pricing the product the following factors should be considered. Cost factor Competitors price and Marketing and public policies.

The marketing manager should also select a corrected and effective way to distribute the companys products.

PERFORMANCE ANALYSIS
INTRODUCTION
Analysis and `interpretation of financial statement with the help of ratios is termed as ratio analysis. Ratio analysis involves the process of computing, determining and presenting the relationship of items or group of items of financial statements. Ratio analysis was pioneered by Alexander Wall who presented a system of ratio analysis in the year 1909. Alexanders contention was that interpretation of financial statements can be made easier by establishing quantitative relationships between various items of financial statements.

MEANING OF RATIO AND RATIO ANALYSIS


A ratio is a mathematical relationship between two items expressed in a quantitative form. Ratios can be defined as Relationships expressed in quantitative terms, between figures which have cause and effect relationships or which are connected with each other in some manner or the other.

An accounting ratio can be defined as quantitative relationship between two or more items of financial statements connected with each other. Arithmetically ratio is a comparison of the numerator with the denominator. The essence of ratio is putting together of two figures to study their relationship. The study is in the form of analysis, interpretation and expression of all the ramifications of the relationship. Ratio analysis is an age old technique of financial analysis. It is the process of determining and presenting the relationship of items and group of items in the financial statement. The information provided by the financial statements in absolute form is historical and static, conveying very little meaning to the users. Accounting ratios are designed to show how one number is related to another and the meaning of such relationships. A ratio is worked out by dividing one number by another number. Accounting ratios measures and indicate efficiency of an enterprise in all aspects.

MODES OF EXPRESSION OF RATIOS Ratios may be expressed in any one or more of the following ways In proportion
In this type of expression the amount of two items are expressed in a common denominator. An example of this form of expression is the relationship between current asset and current liabilities as 2:1.

In rate or times or coefficient


In this type of expression, a quotient obtained by dividing one item by another is taken as unit of expression. Example of this form of expression is cost of sales divided by average stock (say8) , thus 8 times is the ratio between cost of sales and stock.

In percentage
In this type of expression, a quotient obtained by dividing one item by another is multiplied by one hundred to show the relationship in terms of percentage. For example, the relationship between net profit and sales may be expressed as say 25%. As discussed above, ratios can be expressed as (a) proportion, (b) rate or times (c) percentage. Each way of expression may have a distinct advantage over the others. The analyst will choose a particular mode or a combination suitable for a specific purpose.

CURRENT RATIO
The ratio of current assets to current liabilities is called current ratio. In order to measure the short term liquidity or solvency of a concern, comparison of current assets and current liabilities is inevitable. Current ratio indicates the ability of a concern to meet its current obligations as and when they all due for payment.

Current Ratio = Current Assets Current Liabilities


The term current assets includes debtors, stock, bills receivable, bank and cash balances, prepaid expenses, income due and short term investments. The term current liabilities include creditors, bank overdraft, bills payable, outstanding expenses, income received in advance etc. YEAR CURRENT ASSETS CURRENT LIABILITIES 2007 2008 2009 1794606 1239701 1335155 996187 427721 525725 1.80 2.90 2.54 CURRENT RATIO

SIGNIFICANCE
During this financial year 2006-07 the ratio is 1.80. For the year 2007-08 the ratio has increased to 2.90 and for the year 2008-09 it again decreased to 2.54. But it falls short ideal ratio is 2. Though the company can meet its short term liability is not so good.

LIQUID RATIO
This ratio is also called quick ratio or acid test ratio. It is calculated by comparing the quick asset with current liabilities.

Liquid Ratio = Liquid Assets Current Liabilities


Quick or liquid assets refer to assets which are quickly convertible into cash. Current assets other than stock and prepaid expenses are considered as quick assets.

YEAR

LIQUID ASSETS

CURRENT LIABILITIES

LIQUID RATIO

2007 2008 2009

1551096 1027727 1080784

996187 427721 525725

1.56 2.40 2.05

SIGNIFICANCE
During the financial year 2006-07 the ratio is 1.56 and for the year 2007-08 it got an increased on 2.40 and for the year 2008-09 is gradually decreased at 2.05. The ratio short less than the ideal ratio 1.

DEBT EQUITY RATIO


This ratio is ascertained to determine long term solvency position of a company. Debt equity is also called external internal equity ratio.

Debt Equity Ratio = External Equities Internal Equities


The term external equities refer to total outsiders liabilities. Internal equities refer to share holders funds or the tangible net worth. Here share holders refer to only the equity share holders.

YEAR

EXTERNAL EQUITIES

INTERNAL EQUITIES 1128981 1201327 1273918

DEBT EQUITY RATIO 0.92 0.39 0.43

2007 2008 2009

1034187 462721 543725

SIGNIFICANCE
During the financial year 2006-07 the ratio is 0.92 for the year 2007-08 it has decreased to 0.39 and for the year 2008-09 is gradually increased to 0.43. But the ideal ratio is 1. Since it shows outsiders funds are equal to share holders funds it is considered to be a quick satisfactory.

FIXED ASSETS RATIO


The ratio establishes the relationship between fixed assets and long-term funds. The objectives of calculating this ratio is to ascertain the proportion of long-term funds invested in fixed assets.

Fixed Assets Ratio = Fixed Assets Long-term Funds


The ratio should not generally be more than 1. If the ratio is less than one it indicates that a portion of working capital has been financed by long-term funds. It is desirable in that part of working capital is core working capital and it is more or less a fixed item.

YEAR

FIXED ASSETS

LONG-TERM FUNDS

FIXED ASSETS RATIO 0.32 0.34 0.37

2007 2008 2009

368562 424347 482488

1166981 1236327 1291918

SIGNIFICANCE
In the financial year 2006-07 the ratio is 0.32 for the year 2007-08 it was increased to 0.34 and for the year 2008-09 it got further hiked to 0.37. Hence in all 3 years the ratio is 0.67. Therefore the ratios are not extendable for the companys growth.

PROPRIETARY RATIO
This ratio compares the share holders funds or owners funds and total tangible assets. In other words this ratio expresses the relationship between the proprietary funds and the total tangible assets.

Proprietary Ratio = Shareholders Funds Total Tangible Assets


This ratio shows the general soundness of the company. It is of particular interest to the creditors of the company as it helps then to ascertain the share holders funds in the total assets of the business. A high ratio indicates safety to the creditors and a low ratio shows greater to creditors

YEAR

SHAREHOLDERS FUNDS

TOTAL TANGIABLE ASSETS

PROPRIETARY RATIO

2007 2008 2009

1128987 1201327 1273918

2163168 1664048 1817643

0.52 0.72 0.70

SIGNIFICANCE
During the financial year 2006-07 the ratio is 0.52 and it has increased to 0.72 and it again decreased to 0.70. The ratio below 50% will be alarming for the creditors .since they may have to loose heavily in the event of company liquidation on account of heavy losses.

GROSS PROFIT RATIO

This ratio is also known as gross margin or trading margin ratio. Gross profit ratio indicates the difference between sales and direct cost . Gross profit ratio explains the relationship between gross profit and net sales.

Gross Profit Ratio= Gross Profit x 100 Net sales

SIGNIFICANCE
YEAR GROSS PROFIT NET SALES GROSS PROFIT RATIO 2007 2008 2009 92874 245892 245337 3391943 3169191 3155213 2.74 7.76 7.78

During the financial year 2006-07 is 2.74 and in the year of 2007-08 simultaneously increase to 7.76 and it again increased in the year 2008-09 is 7.78. The increase in gross profit indicates that there is an increase in operational efficiency of the company.

NET PROFIT RATIO


This ratio is also called net profit to sales ratio. It is a measure of management efficiency in operating the business successfully from the owners point of view. It indicates the return on share holder investments. Higher the ratio better is operational efficiency of the business concern.

Net Profit Ratio = Net Profit x 100 Sales


Net profit includes in non operating incomes and profits. Similarly net profit is the profit after reducing non operating expenses. Provision for tax is also subtracted while determining net profit

YEAR

NET PROFIT

SALES

NET PROFIT RATIO

2007 2008 2009

60174 160092 160337

3391943 3169191 3155213

1.77 5.05 5.08

SIGINIFICANCE
During the financial year 2006-07 the ratio is 1.77 and in the year 2007-08 is simultaneously increased to 5.05 and it again increased in the year 2008-09 is 5.08. And the reason for the same should be found out 1.

DEBTORS TURNOVER RATIO


Debtors turnover ratio is also called as receivable turnover ratio or debtors velocity. A business concern generally adopts different methods of sales. One of them is selling on credit. Goods are sold on credit based on credit policy adopted by the firm. The customers who purchase on credit are called trade debtors or book debts. receivables Debtors and bills receivable are called account

Debtors Turnover Ratio = Sales Debtors


If information relating to credit sales and average debtors is not available, thus alternative is to calculate the debtors turnovers in terms of the relationship between total sales and closing balance of debtors.

YEAR

SALES

DEBTORS

DEBTORS TURNOVER RATIO

2007 2008 2009

3391943 3169191 3155213

360291 401488 652931

9.41 7.89 4.83

SIGNIFICANCE
In the financial year 2006-07 the ratio is 9.41 and it decreased in the 2007-08 is 7.89 and it again decreased in the year 2008-09 is 4.83. The higher ratio, the better it is. Since it would indicate that debts are collected more promptly. However this ratio should be compared.

FIXED ASSETS TURNOVER RATIO


This ratio determines efficiency of utilization of fixed assets and profitability of a business concern. Higher the ratio more is the efficiency in utilization of fixed assets .A lower ratio is the indication of under utilization of fixed assets.

Fixed Assets Turnover Ratio = Sales Fixed Assets


YEAR SALES FIXED ASSETS FIXED ASSETS TURNOVER RATIO 2007 2008 2009 3391943 3169191 3155213 368562 424347 482488 9.20 7.47 6.54

SIGNIFICANCE
During the financial year 2006-07 the ratio is 9.20 and it decreased in the 2007-08 is 7.47 and it simultaneously decreased in the year 2008-09 is 6.54. Shows that investment in the fixed assets has not brought about commensurate gain.

RESERVES AND SURPLUS TO CAPITAL RATIO


This ratio studies the relationship between reserves and surplus to capital. It will help assessing how the firm has ploughed back its profit into the firm in order to facilitate expansion and diversification. Reserves and Surplus to Capital Ratio = Reserves and Surplus Capital YEAR RESERVES AND SURPLUS CAPITAL RESERVES & SURPLUS TO CAPITAL RATIO 2007 2008 2009 1091481 1163827 1236418 37500 37500 37500 29.11 31.04 32.97

SIGNIFICANCE
The ratio of the financial year 2006-07 the ratio is 29.11. And during the year 2007-08 it got increased to 31.04 and again during the year 2008-09 it got hiked to 32.97.

CONCLUSION
In the booming electrical sector in India Nippo Batteries is one of the first Indian dry battery company to have been certified with the ISO 9001 and ISO 14001 International Standards and has the ISI mark of quality and all its batteries. It is second largest dry battery in India with 31% market share. One of the highlight for Nippo Batteries is the accreditation with the TUV CERT certificate for quality management systems of RWPVV systems GMDH since 1996. The main aim of the training was to analyze and learn more about the office organization and management of Nippo Batteries is to bridge the gap between theory and practice. This training creates an interest and courage. Thus training gave good practice, knowledge about Public Limited Company.

CHART 1 CHART EXHIBITING THE CURRENT RATIO OF NIPPO

BATTERIES CO. LTD CURRENT RATIO

8 7 6 5 4 3 2 1 0 TIMES 2009 2008 2007

CHART 2 CHART EXHIBITING THE LIQUID RATIO OF NIPPO

BATTERIES CO. LTD LIQUID RATIO

2.5 2 1.5 1 0.5 0 2 007 2 008 2 009

TIMES

CHART 3 CHART EXHIBITING THE DEBT EQUITY RATIO OF NIPPO BATTERIES CO. LTD DEBT EQUITY RATIO

1 2007 2008 2009

0 .5 2008 2009

TIMES

2007

CHART 4 CHART EXHIBITING THE FIXED ASSETS RATIO OF NIPPO BATTERIES CO. LTD FIXED ASSETS RATIO

0.38 0.37 0.36 0.35 0.34 0.33 0.32 0.31 0.3 0.29 T S IME

2007 2008 2009

CHART 5 CHART EXHIBITING THE PROPRIETARY RATIO OF NIPPO BATTERIES CO. LTD PROPRIETARY RATIO

T S IME

-2E + 1 5

2007 2008 2009

CHART 6 CHART EXHIBITING THE GROSS PROFIT RATIO OF NIPPO BATTERIES CO. LTD GROSS PROFIT RATIO

8 6 4 2 0 TIMES 2007 2008 2009 200 7 200 8 200 9

CHART 7 CHART EXHIBITING THE NET PROFITRATIO OF NIPPO

BATTERIES CO. LTD NET PROFIT RATIO

6 4 2 0 200 8 200 9 4-6 2-4 0-2 TIMES

200 7

CHART 8 CHART EXHIBITING THE DEBTORS TURNOVER RATIO OF NIPPO BATTERIES CO. LTD DEBTORS TURNOVER RATIO

10 5 0 T S IME 2009 2007 2008 2009 2007 2008

CHART 9 CHART EXHIBITING THE FIXED ASSETS TURNOVER RATIO OF NIPPO BATTERIES CO. LTD FIXED ASSETS TURNOVER RATIO

10 8 6 4 0 T S IME 2008 2009 2 2007 2007 2008 2009

CHART 10 CHART EXHIBITING THE FIXED ASSETS TURNOVER RATIO OF NIPPO BATTERIES CO. LTD FIXED ASSETS TURNOVER RATIO

34 32 30 28 26 T S IME 2008 2007 2009

2007 2008 2009

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