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What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
A public sector unit promoted by the Government of West Bengal, Webel Communications started production in Jan. '89 to manufacture 2 lac push button telephones with technology from Siemens, Germany, and 35,000 lines EPABX in collaboration with Jeumont Schnoider, France. Its manufacturing facilities are located at the Salt Lake Electronics Complex, Calcutta. Under-utilisation of production capacity due to lack of adequate orders from the Department of Telecommunications (DoT) and Mahanagar Telephone Nigam (MTNL), pushed the company into red and was referred to the BIFR in 1993-94 as a sick company. Its reference was treated as non-maintainable by the BIFR on technical grounds. However, it directed the financial intstitutions to provide survival plan for the company with the support of the banks. Accordingly, in 1994-95, the company started implementing the rehabilitation package drawn up by ICICI, the lead financial institution. In 1993-94, the company proposed to broad-base its product range to include feature phones, speaker phones, answering phones and cordless phones by both manufacturing and trading.