Fiscal Year or Financial Year
8 %
FY10 turnover of Shilpa Medicare was ~263 cr.
Massey Ferguson was #1 Worldwide, in the past since 1962 but was surpassed recently. Massey Ferguson since it's historical bankruptcy was acquired by AGCO who through acquisition of several tractor brand manufacturer like Valtra, Fendt, and Allis Chambers is truly international in its breadth of experience and sells its products in over 140 countries through a network of over 5000 dealersHowever recently the industry has changed as indicated by the press release issued February 18, 2010, Mumbai: Mahindra & Mahindra Ltd. today announced that Mahindra Tractors, one of the world's top tractor brands has sold 100,000 tractors in FY10 YTD, setting a benchmark for sales.Mahindra tractors creates history by becoming worlds top tractor brand by selling 100,000 tractors in FY10. On this grandiose achievement, the company held Mahindra Samriddhi Convention in Mumbai and announced a grant of Rs 101 lakh to students and scientists from 10 Indian agricultural universities across India.
March 25, 2010This is the release target date for the USAR AGR board, not the Active Army Component list. The target release date for AC is Mid April 2010 as per HRC.25 Mar 10: Reserve Components:The Sergeant First Class, RC/AGR, Promotion Board Results (preposition date 18 Mar 10) were released 25 March 2010 at 0730 EDT.25 Mar 10: Active Components:The FY10, SFC selection board results will be released approximately mid-Aprilhttps://www.hrc.army.mil/SITE/ACTIVE/SELECT/Enlisted.htm
The U.S. government's fiscal year begins on October 1 of the previous calendar year and ends on September 30 of the year with which it is numbered. Prior to 1976, the fiscal year began on July 1 and ended on June 30. The Congressional Budget and Impoundment Control Act of 1974 stipulated the change to allow Congress more time to arrive at a budget each year, and provided for what is known as the "transitional quarter" from July 1, 1976 to September 30, 1976. As stated above, the tax year for a business is governed by the fiscal year it chooses.For example, the United States government fiscal year for 2010 ("FY 2010" or "FY10") is as follows:1st Quarter: October 1, 2009 - December 31, 20092nd Quarter: January 1, 2010 - March 31, 20103rd Quarter: April 1, 2010 - June 30, 20104th Quarter: July 1, 2010 - September 30, 2010This three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
According to the bank's FY10 Top Ten IDA borrowing countries, India tops the table with $2,578 million, followed by Vietnam ($1,429 million), Tanzania ($943 million), Ethiopia and Nigeria with $890 million each, Bangladesh ($828 million), Kenya ($614 million), Uganda ($480 million), Democratic Republic of Congo ($460 million) and Ghana ($433 million).
Hi,Container Corporation of IndiaHoldPrice: Rs1145 Target Price (Sept 10): Rs1,152Downgrade to Hold* EBITDA margin declined due to lower import throughput(TEUs): Concor reported Net sales of Rs9.59 bn against the estimateof Rs 9.50 bn. EBITDA margin declined to 26.4% with lower importswitnessed in Q2 FY10 quarter (see exhibit for export-importthroughput), resulting in reduction of ground rent. Also competitionsfrom private operators in the domestic routes lead to jockeying formarket share by way of price reduction, leading to decline in margins.However, with expected volume uptick with the existing pricing, webelieve margins would revert to 27-28% levels.* Idle rakes reduced: With continued momentum in the domestic routeand the uptick in exports, idle rakes have reduced in the system andwe expect utilisation would increase with continued growth in domesticand uptick in EXIM.* View on the stock: We continue to expect earnings growth of 11%for FY11E to Rs 9.3 bn, leading to EPS of Rs72. The stock trades at16x, in line with our target multiple. We believe the stock factors in thepotential earnings growth and thus downgrade it to Hold with theretained target price of Rs 1152.* Risks: Higher than our volume estimate may lead to higher sales andPAT growth.