Upload
sujay-somani
View
221
Download
0
Embed Size (px)
Citation preview
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 1/30
Vihang Manufacturers Ltd
your personal airlines
BPSM - Group project
By: Group 3
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 2/30
Group 3 Members
Team Member Roll No
Swaroopa Goturkar 9113
Neha Lele 9129 Priya Lulla 9130
S S Kapoor 9145
Sujay Somani 9152
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 3/30
Qualification of Share Holders
Neha Lele Mechanical Engineer 70
Swapnil Lalwani Finance Expert 64
Ashwini Kumar Aeronautical Engineer 60
Abhuday Bagade Business man (Industrialist) 90
Gajanan Patil Finance Expert 70
Ashwini Jadhav Mechanical Engineer 40
Hrishikesh Phatangare Mechanical Engineer 45
Piyush Kothari Marketing Expert 35
Kanchan Sonawane Aeronautical Engineer 40
Pranali Mutadak Industrialist 80
( Number of shares at the face value of Rs 10 each) 594 lakhs
A rich group of all experts have joined hands to start Manufacturing Venture
of Two seater Aircraft (PAV)
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 4/30
Vihang Manufacturers Ltd .
Name of Company:
Vihang Manufacturers Ltd
IPO being launched in 1
st
week, Nov µ11. Two seater fixed and rotary wing aircraft
manufacturers.
Manufacturing Plant : Bengaluru
Corporate Office : Mumbai
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 5/30
Logo
Vihang Manufacturers Ltd
Your Personal Airlines
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 6/30
Logo
Idea Behind:
± Blue Colour:
Evokes feelings of commitment, dependability and
trustworthiness.
Symbolizes travelling through air/sky
± Globe and arrow around it symbolizes:
Presence through out the world
Travelling through sky
± V: for Vihang
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 7/30
T ag line
Your Personal Airlines Justification of Tag Line
± Provide individual mobility by air.
± Facilitates quick mobility reaction to people
± Its catchy.
± Personal component (ownership) in it.
±Depicts status symbol.
± Self explanatory about the product.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 8/30
V ision
Vision gives the destination where we want to
go.
Characteristics of vision :
Directional
Focused
Achievable
Easy to communicate
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 9/30
Vision for Vihang Manufacturers Ltd.
To provide individual mobility to people across
globe and emerge as market leader by giving
world class products and services.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 10/30
Mission
Mission states the journey by which the company
will achieve the vision.
Characteristics of Mission:
Indicates resource allocation
Ensures unity of purpose
.
Help create customer and employee satisfaction.
Conveys the code of conduct.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 11/30
Mission for Vihang Manufacturers
Ltd .
We at Vihang Manufacturers Ltd are set to
provide the world with a two seater fixed/rotary
wing aircraft by June 2014.
We are committed to build relationships based on
honesty, integrity and transparency with our
employees as well as our customers.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 12/30
T rademark for V ihang
Purpose of Trademark :
It distinguishes our product from the competitors.
It guarantees the customer original identity of
product.
It serves as a badge of loyalty and affiliation.
It may enable consumer to make a life style or
fashion statement.
The company will apply for trademark for the
logo.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 13/30
P rocedure of obtaining trademark
1. Apply for registration of a trademark to the Indian Trademark
Registry at Mumbai. Form TM-1 is to be filled along with application
fee of Rs. 2500/-. The air vehicle manufacturing belongs to the Class 12
of International Classification of Goods and Services for trademark
application.
2. Publication of the trademark application in the Indian Trade Marks
Journal for acceptance.
3. Any party can raise objection to the application within three months
(can be extended up to a month further) with a notice of opposition to
register.
4. Without any objection or after clearing the suit, the company gets the
trademark to be used commercially.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 14/30
Registration of company
Registration of Company .
± A pply to the concerned RoC for availability of name in eForm 1A. Fee of
Rs. 500/- has to be paid.
If proposed name is not available, the user has to apply for a fresh name on
the same application. ± On approval, the applicant to apply for registration of the new company (
Form 1, 18 and 32) within 60 days of name approval
Declaration of compliance - Form-1
Notice of situation of registered office of the company - Form-18.
Particulars of the Director's, Manager or Secretary - Form-32.
± Filing of Memorandum andArticle of Association to the RoC is to be done
within six months of incorporation.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 15/30
C ontinued...
Registration with Bombay ShopAct for Corporateoffice, so as to carry day to day activities.
A pproximate time & fees required. ± Name acceptance - one week - `500
± Incorporation - within two months± Form1:- Fees `500
AoA :- `1000
MoA:- `500 for every 10 lakh of Authorized Capital (For Karnataka state).
± AoA and MoA to be submitted within six months. DGCA approval is a must.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 16/30
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 17/30
IPO-I nitial P ublic O ffering
For the IPO Red Herring Prospectus is to be prepared. ± As per Guidelines mentioned by SEBI
± CHAPTER XI SECURITIES AND EXCHANGE BOAR D OF
INDIA(DISCLOSURE AND INVESTOR PROTECTION)
GUIDELINES, 2000.
Book Building process would be used.
Nomination of Merchant banker as Lead Book runner.
20 % price band is offered by the issuer within which investors are
allowed to bid.
10 % advance payment is required to be made by the QIBs, Other
categories of investors have to pay 100 % advance.
50 % of shares offered are reserved for QIBS, 35 % for small investors
and the balance for all other investors.
Opening of escrow account for all transactions.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 18/30
T he P rocess of IPO Nomination of lead merchant banker(s) as 'book runners'.
Number of securities to be issued and Price band for the bid.
The Issuer also appoints syndicate members with whom orders are to
be placed by the investors.
The syndicate members input the orders into an 'electronic book'. This
process is called 'bidding' and is similar to open auction.
The book normally remains open for a period of five days and
not more than 10 working days.
Bids can be revised by the bidders before the book closes.
Book runners evaluate bids for demand at various price levels and
decide the final price.
Generally, the number of shares are fixed, the issue size gets frozen
based on the final price per share.
Allocation of securities is made to the successful bidders. The rest get
refund orders.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 19/30
MEMOR A NDUM OF
ASSOCIATION
&AR TICLES OFASSOCIATION
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 20/30
M OA - C ontents
Name of the company - Vihang Manufacturers Ltd.
State in which registered office is located ± Bengaluru,
Karnataka
Objective of the company
±To manufacture, sell, export, trade, purchase orotherwise deal in all forms of air transport vehicles or
spares, in India or abroad.
Limited liability of members- To the paid up capital.
Authorized share capital
± `500Crores.
Conclusion - Association clause - the subscribers desire to
form the company and agree to take the shares in it.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 21/30
AOA- C ontents
Authorised share capital is `500 Crore.
Alteration of capital
Voting rights- (One vote per share)
The paid-up capital of the company shall
remain minimum of `5Lakh.
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 22/30
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 23/30
Memorandum O f
Understanding(MoU)
Parties
Purpose
Terms Of MoU
Payment
Responsibilities of both parties
General provision Signature
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 24/30
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 25/30
Main Functions of DGCA
HQs ± Director General of Civil Aviation
Opp. Safdarjung Airport, Aurobindo Marg,
New Delhi, India
Registration of civil aircraft
Formulation of standards of airworthiness and grant of certificates of
airworthiness to aircraft
Licensing of test pilots, aircraft maintenance engineers and flight
engineers, and conducting examinations
Licensing of air traffic controllers
Certification of aerodromes
Conducting investigation into accidents/incidents and taking accident
prevention measures including formulation of implementation of
Safety Aviation Management Programme
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 26/30
Main Functions of DGCA
Coordination at national level for flexi-use of air space by civiland military air traffic agencies and interaction with ICAO forprovision of more air routes for civil use through Indian airspace
Carrying out amendments to the Aircraft Act, the Aircraft Rulesand the Civil Aviation Requirements for complying with theamendments to ICAO (International Civ Avn Org) andinitiating proposals for amendment or for passing a new Act.
Granting approval to aircraft maintenance, repair andmanufacturing organizations and their continued oversight
Keeping a check on aircraft noise and engine emissions inaccordance with ICAO and collaborating with theenvironmental authorities in this matter, if required;
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 27/30
V arious C ertificates Type Certification DGCA under Rule 49 of theAircraft Rules, 1937
Aircraft Registration under . Rule 30 of theAircraft Rules, ± The aircraft is required to bear its nationality and registration markings and the name and
address of the owner affixed or printed thereon in accordance with Rule 37 and Civil
Aviation Requirements Section 2 Series 'X' Part I.
Airworthiness Certificate of Airworthiness under Rule 15 of AircraftAct 1937
Continuing Airworthiness Information (Mandatory Modification/Inspections
under . Rule 49D , 50A and 52 Approved Firms Rule 133B of theAircraft Rules 1937, lays down the
requirements for grant of approval to Organization engaged in manufacture,
maintenance, modification, repair, inspection, processing and testing.
DGCA grants Certificate of A pproval to organizations engaged in the following
activities:
± Manufacturing Category A
± Workshop process and inspection Category B
± Maintenance Organizations Category C
± Test Laboratories Category D
± Fuel Lubricants and special products Category E
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 28/30
CIVIL AVIATION DE PART ME NT
A pplication for validation of T ype C ertificate of
Rotorcraft
Construction of rotorcraft
Address (in full)
General description of rotorcraft
Rotorcraft model
Airworthiness category
Country of construction
Year of type certification by state of
design
Certification basis
Production basis
Airworthiness authority of the
country
Type certification in other countries
Dimensions
± Diameter of main rotor
± Main rotor blade chord
±Diameter of tail rotor
± Length overall
± Length of fuselage
± Height overall
± Wheel track
±Wheel base
Type and number of engines
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 29/30
Other Legal Requirements
Industrial license
± Required and is issued by Department of Industrial Policy & Promotion
± A pplication for registration shall be made to the Department of Industrial
Policy & Promotion, at least three months before with DD of `2500/-
Foreign Technology Approval.
± permitted either through automatic route (conditions mentioned) or with prior Government approval.
FEMA is applicable on specific conditions and regulated by RBI.
Environmental & forest Dept clearance is required.
Electricity approval is given by KSEB.
Land to be given by State Government. In case of agricultural Land, fee is tobe paid for conversion to Industrial land,
Labor
± Ministry of Labour
8/8/2019 Vihang Mfg Ltd
http://slidepdf.com/reader/full/vihang-mfg-ltd 30/30