RELIANCE

INDUSTRY

 Reliance

Industries Limited (RIL) is an Indian

conglomerate holding Company headquartered
in Mumbai, Maharashtra.
The Company Operates in five major
segments: exploration and production, refining
& marketing,petrochemicals,retail &
telecommunication.
RIL contributes approximately 14% of Indias
total export.

 The

company was co-founded by Dhirubhai

Ambani and his cousin Champaklal Damani in
1960s as Reliance commercial Corporation.
In 1965, the partnership was ended and
Dhirubhai continued the polyester business of
the firm. In 1966,Reliance textiles Industries
Pvt Ltd was Incorporated in Maharashtra.
In 1985,the name of the company was changed
from Reliance Textile Industries Ltd to
Reliance Industries Ltd (RIL).

 The

Reliance Empire was split between the

Ambani brothers, Mukesh Ambani getting RIL
and IPCL & his younger sibling Anil
Ambani heading Reliance Capital, Reliance
Energy and Reliance Infocomm.
The entity headed by Mukesh Ambani is
referred to as the Reliance Industries Limited
whereas Anil's Group has been renamed Anil
Dhirubhai Ambani Group (ADAG).
His daughter Nina Kothri along with her
husband B H Kothari started Java green in
2004, a coffee retail chain along with
Reliances Web World stores.

 VISION:-To

lead the industry while generating

value to the stakeholders, be the pioneer in
setting ethical standard and be everyone's
investor.
MISSION:-To lead the industry by providing
innovative financial products and services. To
be a social responsible investor by making
investment only in desirable industry. Provide
employees with motivating work environment,
opportunities for learning and career
development, competitive compensations and
equal opportunities.

 The

company was selected as one of the

world's 100 best managed companies for the
year 2000 by Industry Week magazine.
RIL was ranked at 25th position across the
world, on the basis of sales, in the ICIS Top
100 Chemicals Companies list in 2012.
RIL was awarded the National Golden Peacock
Award 2011 for its contribution in the field of
corporate sustainability.

 If

any company holds majority of the shares of

another company. The company who takes the
shares is a parent company or holding company
and the company whose shares held is a
subsidiary company.

Any company who controls other company is

called holding company. In other words, if any
company has any one power from following three
powers, then that company will be holding
company:- . If any company has 51 % shares of
other company, then this company becomes
holding Company of other. Or. If any company
has power to appoint board of directors of other
company, then this company becomes holding
company of other company. Or. Main holding
companies also will the holding company of all
subsidiaries subsidiary companies.

 Financial

statements, including the balance

sheet, the income statement and the cash flow
statement, are primary financial tools for every
business. They provide vital information in
easy-to-understand ways and enable analysts to
quickly form financial ratios to compare
different numbers. However, for some
businesses, financial statements are not easy to
create because of different financial operation.
Consolidated financial statements combine all
these divisions into a single report.

 In

many cases, consolidating a financial

statement within a business , with a business
partner or with a spouse is a good idea. It
allows you to combine your buying power to
qualify for better credit or put a superior
face forward in negotiations. However,
consolidating the strengths of two
statements also exposes the weaknesses of
both.

 A corporate

financial statement includes the

balance sheet, the income statement, the cash
flow statement and the statement of
shareholders' equity. However, since many
corporations have controlling interests in other
business entities, financial statements for the
parent company alone can be misleading. For
this reason, parent companies are legally
required to prepare consolidated financial
statements that include data about the financial
performance of subsidiaries.

 Reliance

Industries Limited is a fortune Global

500 company and is the largest private sector
company in India.
He has been one among the select Forbes
billionaires and has also figured in the Sunday
Times list of top 50 businessmen in Asia.
The company was selected as one of the
world's 100 best managed companies for the
year 2000 by Industry Week magazine.