Introduction of Mr. Ravichandran from ICRA

[Pradeep Melchis]

Dear Folks,

 Good to see that you guys are preparing well for your execs. Hope you have started interacting with your junior bimmites as well. My Chennai office head here at ICRA is Mr. Ravichandran. He is a Senior Vice President and also heads the oil and gas sector at ICRA. More than that, he is an alumnus of BIM Trichy (11th batch). He has accepted our humble request to join our BIM finance group. Kindly make good use of this opportunity to discuss your queries in finance and about the industry in general. Feel free to start discussions and ask questions. Kindly make best use of this. Also, a humble request to refrain from asking any placement related queries. Wish you all the very best. And keep interacting. I will be adding Mr. Ravi sometime over this weekend. 

Please involve the juniors as well.

Regards

Pradeep Melchis

BIM25

[Mani KG]

Dear pgp1,

all interested students kindly join this BIM Finance group. You can
post any of your basic queries related to finance as well as discuss
on the current news, trends in this area. Kindly go through the
existing queries before posting to avoid repetition.In this group we
have our Faculties as well as seniors specialized in finance who are
really interested in sharing their opinions. link below.

http://groups.google.co.in/group/BIM_Finance?hl=en

Regards,
Manikg

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[1008 cni]

Hi Pradeep:
this is a very good move., Thanks.,

On a limited circulation basis, I am now attached to the aditya Birla
group for Post merger integration issues in finance: this is being
done with a good team of people including Dr. Bala Balachandran of
kellog (and GLIM), Stev Kaplin of Colombia and Al Rappaport . While
many of the stuff on what happened like Ultatech was acquired cannot
be said in an open forum, we will discuss in the class room
discretely., similarly the Hindalco's acquisition of Novellis and the
recent Apollo sindhoori jv.,

.
One thing that comes off clearly is in hostile take overs creditors
often refuse to co-operate and demand money back . Some very large
banks did it in the case of Ultratech.

We are also working with Caterpillar, on some interesting
consulting/advisory /TRAINING:
Recall Competitive hedging case in GM.
In earth moving equipments the dynamics is very complex:

JCB is from UK, 100% local components
Cat 35-40% imported.
Volvo: Euro Zone, with again significant imports.
Komatsu: from Jap Yen area

Tatas are quitting this industry, while Chinese are entering through Escorts.

What do u think BEML should do?

Any views? and what should be the strategy of CAT India?
What hedging?

P B R

I am glad Applied corp fin will now be in term 2 instead of term 3,
as in last year.
Hopefully students will be more receptive in term 2 than in term 3.
Lets see how it goes.

[Mani KG]

Sir,

this can be some of the parameters to look upon...
valuation of rupee vs other currencies ( dollar, euro, yen etc)...if
the valuation of the rupee is getting higher whoever uses
components manufactured from india need to price their products higher
in order to keep up margin. In this case whoever
imports components say caterpillar can relatively increase their
imports, price lower and gain more market share.

relative cost of the products. as chinese are entering this market
they mostly concentrate on keeping the costs low. if
this is the case BEML can work upon reducing their costs to keep up
its market share both in india and exports. also exports to US
,uk and other countries need to be hedged for currency fluctuations.
corrections welcome.

regards,
manikg