12. The electric power requirement of the firm is of 250 to0350 unit’s pm. The electric power consumer by the firm’s showroom is about 150 units and service attain like water washing of vehicles etc., take the power consumption of 150 to 200 units.
20. M&M’s 61st year was studded with a number of noteworthy achievements, prestigious prizes and glittering awards.
21. YEARACHIEVMENTS1986CJ 640 DP Vehicle introduced.1987MM 540 DP metal Body Wagonette introduced.1988M&M signed a MoU with Hyderabad Allwyn Nissan Limited to form Mahindra Nissan Allwyn Ltd., as its associate company with LCV operations in Andhra Pradesh.1989The CJ 340 DP model was introduced. M&M and Peugeot announced their tie up for the manufacture of Peugeot 504 pickup truck, BA 10 gearboxes and latest XD 3 diesel engines. M&M acquired automotive pressing unit at Kanhe, from Guest Keen Williams Ltd.1991Introduced CJ 500 DI model with MDI 2500 A direct injection diesel engines. M&M bags order to export 10,000 CKD kits. Commander range of models: 650 DI, 750 DP/HT were also launched with tremendous market response.1993The Mahindra Armada was launched1995Mahindra Nissan Allwyn Ltd. (MNAL) was merged with M&M and Zaheerabad LCV operations becoming part of Automotive Sector. FJ series of LCVs were shifted from Nasik to Zaheerabad. Igatpuri Engine Plant received ISO 9002 certificate.1996The new LCV model Cabking DI 3150 & Mahindra Classic vehicles were launched. New Commander 5 Door Hard Top introduced.1997Commercial production of the Ford Escort commenced at Nasik Plant. License & Technical Assistance Agreement signed with Mitsubishi Motors Corporation for Manufacture of SL Body at Zaheerabad (Voyager with XD 3 and BA 10). Kandivli and Nasik plants received ISO 9002 certificate from RW-TUV.1998Die shop Inauguration at Nasik Plant 2-8/8/97. Voyager was launched by the Chairman at Zaheerabad Plant on 12/11/971999The Company acquired major stake in Gujarat Tractors2000The Company unveils new logoMahindra Auto Specialties Ltd. a new 100% subsidiary is formed.M&M sets up its first satellite tractor plant at Rudrapur. The Company launches New Age Tractor, the Mahindra Arjun 605 DI (60 HP tractor).2003M&M opens a second tractor assembly plant in USA. M&M Tractors awarded the prestigious Deming Prize for excellence in Quality – The first tractor company in the world to receive the award. M&M launches India's first Turbo tractor - Mahindra Sarpanch 595 DI Super Turbo. Scorpio wins National Award for R&D. M&M ventures into Industrial Engine business2004Launched the Mahindra World Tractor - a 75 HP tractor in the overseas market. M&M becomes the first Indian company to achieve sales of one million tractors2005Acquired 51% stake in SAR Transmission Private Limited, a company engaged in manufacture of gears and transmission shafts. M&M Farm Equipment Sector launch operations in Australia.3.22 AwardsBombay Chamber Good Corporate Citizen Award for 2006-07 Business world FICCI-SEDF Corporate Social Responsibility Award – 2007Deming Application Prize.Japan Quality Medal in 2007.M&M, in 2004 announced that they had bought majority stake (80%) in Jiangling Tractor Company, and renamed it Mahindra Jiangling Motor Co Group (JMCG). This is the first instance of Indian tractor industries participating in India's reverse FDI. The plant in China reportedly has a production capacity of 12,000 tractors annually. M&M has two main tractor manufacturing plants located at Mumbai and Nagpur in Maharashtra. Apart from these two main manufacturing units, the Farm Equipment Sector has satellite plants located at Rudrapur in Uttaranchal and Jaipur in Rajasthan.The Farm Equipment Sector as reported by the Company has a dealer network of over 450 dealers. This dealer network is managed by 28 area offices, situated in all the major cities and covering all the principal states and M&M tractors has sold more than 13,00,000 tractorsData Interpretation and Analysis4.1 Balance Sheet on Mahindra agro Tractor20082007 Rupees in CroesI]Source of fund Share holders fund Capital I239.07 238.03Employee stock standing out Standing3.00 3.18Reserves & Surplus II4107.00 3311.7 4350.073552.91Loan Fund a) Secured fund III A617.26 106.65b) Unsecured fund III B1969.80 1529.35 2587.061636Deferred Tax liability (Net) ……. 56.7219.79 Total…………. 6993.855208.7 II] Application of fund Fixed Asset Gross Block……………………………… 3656.13 3229.69Less: Depreciation………………….1841.68 1639.12Net Block……………………………….. IV1813.45 1590.57Capital Work in Progress……….546.45 280.6 2360.901871.17Investment