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COOPERATIVE RESPONSIBILITIES OF
MAHINDRA & MAHINDRA CO. LTD.
SUBMITTED BY
SAGAR AKARAM SATHE
SEAT NO. 1234
TYBMS SEM – V
Certificate
I hereby certify that ---------------------
Of Bhavna trust’s Degree College of Science & Commerce of TYBMS(Sem-V) has
successfully completed project on
------------------------------------------------------------------ in the academic year 2010-
2011. The information submitted is true and original to the best of my knowledge.
DECLERATION CERTIFICATE
Date: -
Place:-Mumbai
Signature of the Student
SAGAR. A. SATHE
T. Y. B. M. S.
ACKNOWLEDGEMENT
SR NO. TOPICS
CHAPTER - I
COOPERATIVE RESPONSIBILITIES
1. Introduction
2. Definition
3. Historical definition
4. Features of CSR
5. Need of CSR
6. Determinants of CSR
7. Why CSR is so
important?
8. Challenges of CSR
9. Introduction of Mahindra
co.
10. Mahindra co. and it’s
responsibilities
11. Objective of Study
Methodology of Data
Collection
12. Limitations of Study
CHAPTER-1
INTRODUCTION
OF
CSR
• In the year 1953 the Bowen has said that “to pursue those policies
and to make those decisions or to follow those lines of actions which are
desirable in terms of objectives & values of society.
-------------------------------------------------------------------------------------------
1920s – 1950s
It has been suggested by Windsor that ‘business leaders have since the
1920s
Widely adhered to some conception of responsibility and responsiveness
practices’. Others have argued that the genesis of CSR was in the
1930s with the debate between AA Berle and E Merrick Dodd over the
role of managers. Merrick Dodd contended ‘that the powers of
corporate management are held in trust for the entire community’.
1960s
The literature of the 1960s is not heavily represented in CSR discourse.
However, Carroll believed that this decade ‘marked a significant growth
in attempts to formalize, or more accurately, state what CSR means’. He
suggested that some of the most prominent writers during that time
were Keith Davis, Joseph W McGuire, William C Frederick and
Clarence C Walton. Davis’s assertion that ‘some socially responsible
business decisions can be justified by… having a good chance of
bringing long-run economic gain to the firm, thus paying it back for its
socially responsible outlook’ is an interesting precursor 4 to
contemporary debates about the financial implications of CSR. Davis’s
later assertion that ‘The substance of social responsibility arises from
concern for the ethical consequence of one’s acts as they might affect the
interests of others’ introduces the notion of business ethics to CSR.
1980s
The 1980s have been described as having ‘a more responsible approach
to corporate strategy’ (Freeman in Lucas, Wollin & Lafferty 2001, p.
150). Prominent was the work of R Edward Freeman on the emerging
Stakeholder Theory. Freeman saw ‘meeting shareholders’ needs as only
one element in a value-adding process’ and identified a range of
stakeholders (including shareholders) who were relevant to the firm’s
operations.
1990s
The literature of the 1990s has not so much expanded the
definition of CSR, but used the CSR concept ‘as the base point, building
block, or point-of-departure for other related concepts and themes,
many of which embraced CSR-thinking and were quite compatible with
it. CSP, stakeholder-theory, business ethics theory, and corporate
citizenship were the major themes that took center stage in the 1990s’.
CHAPTER-1
NEED
OF
CSR
NEED OF CSR :->
The CSR is important for broad rationale for a new set of ethics for
corporate decisions making, which clearly constructs and upholds a
organization’s social responsibility, arises form the fact that a business
enterprise derives several benefits from society, which must, therefore,
require the enterprise to provide returns to society as well.
Issues of transparency
Lack of transparency is one of the key challenge for the
corporate as there exists lack of transparency on the part of the small
companies as they do not make adequate efforts to disclose information
on their programmed, audit issues, impact assessment and utilization of
funds. This negatively impacts the process of trust building among the
companies which is key to the success of any CSR initiative.
1945
- The Company was Incorporated and converted into Public Limited in
1955 at Mumbai. The Company Manufacture Jeep type vehicles, petrol
industrial engines, industrial process control instruments and flow
meters. Trading in steel and manufacture of professional grade
electronic components. Jeeps are manufactured under a license and
an agreement with Willys Motors Inc., Toledo, Ohio, U.S.A., for whom
the Company also acts as exclusive distributors for the whole of India
for their entire range of vehicles including utility vans,
cargo/personnel carriers and pick-up trucks.
1958
- The Company entered into an agreement with Birfield Ltd., to form
Mahindra Sintered Products Private Limited for the manufacture of a
wide range of self lubricating bearings.
1968
- The Instrumentation & Electronics Division came into existence as
a result of merger of the wholly-owned subsidiary of Mahindra
Engineering Co. Ltd., with the Company with effect from 1st April
1968. The activities of the merged company were being carried on in
this division.
- With effect from 1st April, the wholly owned subsidiary Mahindra
Engineering Co. Ltd., was merged with the Company. International
Tractor Company of India Ltd., was merged with the Company
effective from 1st November 1977.
1970
- The name was changed from Mahindra Van Wijk & Visser Ltd. to
Mahindra & Mahindra Ltd. This was merged with the Indian National
Diesel Engine Co., Ltd., during 1977-78.
1977 - 74,
- 700-9.3% Pref. and 12,98,202 No. of Equity share allotted without
payment in cash to shareholders of International Tractor Co. Ltd.,
on its merger in prop 1:1 Pref. and 2:3 Equity. 12,500-7.8% Pref.
shares redeemed on 1.2.1979.
1978
- The Company started negotiation with Balania K. Zacharopoulos
Ltd., Athens for jointly promoting a new company in Greece for the
manufacture of Jeep vehicles and trucks. Initially, it was proposed
to assemble these vehicles mainly from CKD packs to be shipped from
India.
1979
- 57,22,764 Bonus equity share issued in prop. 1:1.
1983
- 76,30,352 Bonus equity shares issued in prop. 2:3 in October 1984.
1984
- Mahindra Spicer Ltd. (MSL), was amalgamated with Mahindra &
Mahindra Ltd. (MML) with effect from 3rd April. Pursuant to the
scheme of amalgamation of MSL with MML, the shareholders of MSL
were allotted 1,88,166 equity shares of MML in the ratio of 1 equity
share of MML for every 6 shares held in MSL.
view of this purchase, the Company obtained a firm order from ONGC
for drilling services for 2 years.
1985
- A letter of intent was obtained for the manufacture of 50,000
lines of EPABX/PAXs in collaboration with OKL Electric Co. of Japan.
- MBT was made a subsidiary of the Company with 60% holding and
the remaining 40% was subscribed by the foreign partners, the British
Telecommunications p.l.c., U.K. (BT) for provision of software
engineers of MBT to work on various projects of BT in the U.K. MBT
also decided to issue equity capital to the extent of Rs 4 crores
out of which shares worth Rs 2.40 crores were to be offered to
Mahindra & Mahindra Ltd., for subscription and the balance shares
worth Rs 1.60 crores were to be offered to BT.
1987
- (17 months), approval from Government was received for the
manufacture of Peugeot 504 pick-up vehicles in collaboration with
Automobiles Peugeot of France.
1988
- The Company acquired a off-shore drilling rig Ile d' Amsterdam
from Foramer S. A., France as on 1st March. A firm letter of intent
was received for one land rig for drilling operations at Jwalamukhi,
Himachal Pradesh against a tender from ONGC. The Company already
entered into an agreement with Forasol S.A., for purchase of a land
rig and related equipment.
1989
- During the year improved versions of CJ 500 range of jeeps and FJ
range of LCVs were introduced. Also a sporty model of jeep was
introduce which was well received by the target audience.
1990
- The Automotive division faced adverse market conditions resulting
in a drastic reduction in production and sales of vehicles. The
Automotive division introduced a direct injection diesel engine, the
MDI 2500 A engine on the CJ 500 vehicles. A new fuel efficient 10
seater vehicle having a direct injection diesel engine was
introduced.
- New replacement kits for the series of diesel engines, the XDP
4.90 were successfully launched in order to replace petrol engines in
passenger cars and create new demands for the series of diesel
engines manufactured by the Company.
- During the second half of the year, the Company introduced the new
range of `Commander' vehicles which were well received in the
market.A new model on the anvil was a five door ten seater vehicle
Armada with a factory built body for which dies were imported from
Japan.
1992
- It was proposed to launch a new LCV with a much larger platform,
imported driving comfort and better styling.
1993
- The Automotive division undertook to introduce a wide range of
products such as mini bus, MM Deluxe, Armada deluxe, Cabking
pick-up,
CL-Classic & a single/double Cab pick-up etc.
1994
- During the year a new Company Mahindra USA Inc. had been
established
in Texas, U.S.A. with the objective of increasing tractor sales in
U.S.
1995
- Two new models - 365 DI and 585 - DI were also launched in 30-35
HP
and 45-50 HP segments respectively.
- The tractor division received the ISO 9001 certification from TUV
of
Germany.
1996
- The Company proposed to introduce the `Armada Grand' with XD3
diesel
engine, 5 speed BA 10 transmission with air-conditioning and power
steering as standard features. New models like, soft top and FRP
versions of CL/MM 550 models, comfortable 8 seater Armada with Disc
Brakes and an optional factory fitted air conditioner, Commander 650
DI
on a longer wheel base and MM 540/550 XDB models with the powerful
2.5
lines XD3 engine and the all-synchromesh 5 speed BA 10 transmission
were launched during the year.
1997
- The Zaheerabad plant and R&D division were awarded Iso 9002 and
ISO
9001 certification respectively. With the technology received from
Fuji Technica, Japan the company undertook to manufacture dies for
vehicle bodies in the new Die Shop. During the year, 7 new models
to
cater to different nice markets were introduced.
- The Mahindra group has tied up with Sega Enterprises Ltd and
Mitsubishi Corporation of Japan to form a joint venture (JV) in
India
to develop and launch Sega branded family entertainment centres.
- M&M has signed a wage agreement with its union at its automotive
plant at Kandivali, evolving a Mahindra Production System (MPS)
which
is an amalgamation of latest work measurement techniques and Toyota
Production Systems.
1998
- A joint venture company is being promoted by Mahindra and
Mahindra
Limited, Infrastructure Leasing and Financial Services and Tamil
Nadu
Industrial Development Corporation to set up an industrial park near
Chennai to attract auto ancillary units and all categories of
non-polluting industries.
- M&M has signed new productivity agreements with its workers at the
Kandivli (Mumbai), Nashik and Zaheerabad (Andhra Pradesh) plants.
- Mercedes-Benz India Ltd and Mahindra Ford India Ltd have signed a
MoU
with the Directorate-General of Foreign Trade (DGFT), under the new
MoU
policy for car manufacturing in the country.
- Danish company Maersk, Mahindra & Mahindra and the Tamil Nadu
Industrial Development Corporation (Tidco) propose to establish a
joint
venture to develop Colachel on western coast of south Tamil Nadu into
a
hub port.
- Mahindra & Mahindra (M&M) is all set to float a 50:50 joint
venture
company with the Punjab state government for setting up a hi-tech
agro-commodity exchange in the state.
1999
- The Mahindra & Mahindra group and the TVS group have floated a
joint
venture to provide software solutions to the automobile sector.
2000
- The Company has launched its new generation tractors Arjun 605 DI
at
the Kandivali plant.
- M&M will launch the LCV under the `Loadking' name in January
next
year.
- M&M has launched its first 60 HP class tractor Arjun 605 DI here,
will from now roll out a new mode very six months.
- The Company will launch Scorpio, its urban utility vehicle, by the
end of the year.
- The Company has launched the first of its new series of Horizin
Tractors, the Mahindra Arjun 605 DI in Andhra Pradesh.
- Fitch Ratings India has assigned `Ind AAA' rating to the proposed
five-year Rs 100-crore non-convertible debenture programme of the
company.
- The Board has approved an ESOS and decided to allot 55,24,219 No.
of
equity shares to the Mahindra & Mahindra Employee Stock Option
Trust.
2001
- The Company has set up a farm extension services division called
Mahindra Shubh Labh, which will pioneer the building of a chain of
one-stop shops offering a comprehensive range of farm-gate services.
- Mahindra & Mahindra has tied up with French auto giant Renault for
sourcing petrol engines for its premium utility vehicle Scorpio
which
would be launched later this year.
-The price of Mahindra & Mahindra Ltd (M&M) shares hit a 92-
month
low
on the Bombay Stock Exchange (BSE) on june 14 fuelled by market
apprehensions of a steep fall in the company’s sales in May 2001
-Mahindra & Mahindra Ltd has informed BSE that ICICI Bank Ltd
has
withdrawn the nomination of Mr Inder Chand Jain as their Nominee
Director from the Board of M& M with immediate effect.Consequently
Mr
Inder Chand Jain ceases to be a Director of Mahindra & Mahindra Ltd
with immediate effect.
-Mahindra & Mahindra Ltd has informed BSE that Mr. David
Friedman
(currently the Alternate Director to Mr.Lewis W. K. Booth) has been
appointed as a Director of the Company w.e.f. October 30, 2002 in the
vacancy caused by the cessation of Directorship of Mr. Lewis W.K.
Booth. Mr. V.K. Chanana has been appointed as a Nominee Director of
UTI w.e.f. October 30, 2002 in place of Mr. Sanjiv Kapoor whose
nomination has since been withdrawn by UTI.
2003
2004
-Auto giant Mahindra and Mahindra has launched its latest variants of
Bolero XL range here on January 19, 2004, thus heralding its launch
across the State.
-Mahindra & Mahindra Ltd has informed that the equity shares of the
Company have been delisted from Pune Stock Exchange Ltd w.e.f.
January 16, 2004.
-Mahindra & Mahindra (M&M) has forayed into the Latin American
markets through the opening of an assembly line in Uruguay
-Mahindra & Mahindra Ltd (M&M) on announced its foray into the
South
African automobile market
2005
- Mahindra & Mahindra tractors' top dealer in the US has become the
largest tractor dealer in the US, muscling past dealers of John Deer,
New Holland and Kubota.
-Mahindra & Mahindra Ltd (M&M) launches its Common Rail Diesel
Engine (CRDEe) fitted-Scorpio, which conforms to BS III emission
norms on February 22, 2005,
2006
- Mahindra & Mahindra inks deal with Global Vehicles USA Inc
2007
- Mahindra & Mahindra acquires a leading German Forging Company
Schoneweiss & Co. GmbH.
-The latest product from Mahindra Defence Systems, the Axe FAV is
an
extreme offroading multi terrain defence purpose vehicle.
2008
2009
2010