3 Things to Avoid While Buying Used Japan Cars
Posted by admin in Cars on 08 28th, 2011
span style=”font-size: 12pt; font-family: “Times New Roman”;”>You would have noticed that buying used Japan cars are very much profitable. Buying used Japan cars from Japan auto auctions can save a great deal of money. If you Google in the keyword “Advantages of buying used Japan cars”, you can find thousands of sources explaining the tremendous benefits of buying used Japan cars directly from Japan. Though buying used Japan cars is beneficial in many ways, there are some things to be avoided to ensure the benefits. Ignoring to avoid the three aspects mentioned below will end up in a used Japan car purchase full of losses.
1. Avoid Heading all the way to Japan without knowing the contact details of genuine Japan used car exporters:
Though used Japan car exporters could be found in every nook and cranny of Japan, finding the genuine used car exporters is very difficult. It is very much important to buy used Japan car exporters or else it will be a great loss of money. Moreover, you will end up in horrifying legal issues which buying used Japan cars from unauthorized exporters. There are many used Japan car exporters who sell stolen cars. With the advancement of technology, they are able to create the duplicate ownership documents of the used Japan cars with ease. Once the stolen used Japan car is sold to you, you will be held responsible for the theft. Hence you will loose your money and also will fall into never ending legal issues. Hence it is important to find the genuine car exporter in Japan before you head physically to Japan. With the introduction of the used Japan car exporter portals in the Internet, you can find the genuine car exporters in Japan by relaxing in your home.
2. Avoid getting into harsh bargains in Auto actions
Japan is well known around the planet for used car auctions. The Japanese auto actions are the best places to look for used Japan cars at very low prices. One main thing that has to be noted while you visit the Japan used cars auction spots is that the bidders will be more effervescent and more aggressive. You can see the bidders of the used Japan car auctions literally fight for getting the best deals. Japanese auto actions are known around the world as bid wars. Hence if you are from abroad, visiting Japan to buy used Japan cars, you should better stay away from harsh bargains in auto auctions. It is always good to find some Japanese car exporter to represent you in the Auto auctions.
3. Avoid Buying used Japan cars from importers in your Country
You will be able to find thousands of used Japan cars in your country itself. You may be wondering why you should import a car directly all the way from Japan. Buying used Japan cars directly from Japan will be far more profitable than buying them from the importers in your country. The used Japan cars in your country will remove all the accessories that come bundled with the used car. Moreover, they’ll demand handling charges and import taxes from you though there is no import tax to be paid for importing used cars from Japan. Hence it is always better to avoid buying used Japan cars from importers in your country.
Follow all these tips and we are sure that you can find the best deal in buying used Japan cars.
Yoichiro Shiba
http://www.articlesbase.com/cars-articles/3-things-to-avoid-while-buying-used-japan-cars-732351.html
read comments (0)Personalize your Wedding Cake with a Unique Topper
Posted by admin in Motorcycles on 08 28th, 2011
The very top of your wedding cake is where a topper goes, and you can have lots of fun with that. This is a place for a couple to less some of their own personalities shine through. For example a really fun one is the groom or the bride that is being dragged to the event by the other party.
There are wedding toppers that showcase different ethnic backgrounds as well. For many people it is important for them to have themselves as well as their partner symbolized this way. It can be harder to find the right topper when you have two different ethnic backgrounds involved but that is definitely becoming more available due to a demand for them.
In many areas it is now legal for same sex couples to get married. Finding a wedding topper that has two females or two males on it can be harder to come by but they are out there. Some of these toppers are offered with pets such as dogs and cats in them too. If you consider your pets to be a vital part of your life together then why not add them to this occasion?
There are quite a few blended families these days as well. A wedding topper doesn’t have to be just the couple. If there are children coming into the marriage then get one with them included in it. That will make the children feel like they are a huge part of the wedding day.
Your personal style can come into the picture with your wedding cake topper too. For example if you wear your cowboy hat all the time, even for your wedding, then why not get a topper with the groom wearing one? Any personalized elements like that are very fun to bring into the picture.
If you want to go with a traditional topper of a bride and groom there are lots of them to select from. You will find they are offered with the figures in different positions so you can easily find exactly what you are interested in.
While it is more expensive, you can even have them custom made. Just provide a photo of the bride and groom. Then their heads will be placed onto the figurines for the cake topper. This can create a wonderful wedding reception keepsake and you are going to get lots of great comments on the item as well.
There are wedding cake toppers with beloved characters including the Disney clan and Precious Moments. You may find that you want to have those included in your wedding day. Others are more ceremonial in nature such as those that honor a branch of the armed forces. With so many men and women in the military these days such wedding cake toppers are great selling items.
There are others that aren’t figurines of people at all. This can include a heart shaped wedding cake topper or one with a pair of symbolic doves. If you both love to ride motorcycles or other adventures then you may want one like that you can display on the cake. Sports related themes are very popular too so checkout what all you can choose from in this category too.
You can go online and find a vast selection of great wedding toppers. You will find more of them this way than if you go to party stores or bridal stores locally. Have some fun shopping for this once in a lifetime accessory. It is a great way to bring your wedding cake to life and to make it personally yours as you start your life out together.
Joshua Safee
Crazy motorcycle tires
Posted by admin in Motorcycles on 08 25th, 2011
Thank you for your time and thank you for watching. As you may already know, Rhinotire is the best and the most efficient tire protection technology in the world. It is much superior than all other competitors like RUNFLAT or liquid sealers because seals multiple punctures automatically with NO need to replace the tire after puncture – unlike the expensive Runflats, Rhinotire does not affect balance, does not mess up rims or sensors. It is the dream come thru for the bikers and racers. The only down side is that the process of making a regular tire to a Rhinotire is complicated and requires special equipment.
In that equipment a special polymer (RhinoPlex) is heated up to a very high temperature, and then sprayed evenly inside a spinning tire. After cooling off, the tire becomes Rhinotire. The polymer will not pill, leak, freeze or move; it will seal the punctures automatically without air leak even from multiple punctures in the same spot, will not affect the balance, will make the tire safer and will reduce the noise by 30%.
The opportunities for Rhinotire applications are very lucrative. If you have connections to any of the following: Government- Army, Police and Fire, road maintenance, municipality vehicles and school buses, Fleet vehicles – Rent a Car, Taxis, Armor, Ambulance, Telephone and television companies fleets, delivery trucks, OEM – manufacturers of tires, cars of motorcycles, truck and buses, mobile construction equipment, motor homes, trailers, farm equipment, ATV and recreational vehicles. Insurance companies – Keep in mind that Rhinotire drastically improve the safety, just like seat belts and ABS Breaks
Rhinotire is the ONLY technology in the world that allows you to puncture proof tires on demand regardless of the brand or size.
Currently we are looking for investors to place properly this exciting new technology on the market. In the mean time, it is my pleasure to present you the start up package and opportunity to become a Rhinotire dealer for your region.
This is a limited time offer and will be in effect only until Sept 31, 2010.
The prices are as follow:
A7-1 Applicator is USD 12,000.
One ton of Rhinoplex polymer USD 9900.
Optional tire polisher USD 4500
Optional Melting pot USD 2500 (increase the productivity of the applicator by 300%-400%)
Optional Spare parts package USD 450
Optional Metal brushes USD 200 per 100pcs.
Shipping not included.
One ton polymer is good enough to coat 1000 mid size car tires or 2000 motorcycle tires.
You should be able to pay off the machine and make profit by selling the first half of that.
You also will have the first opportunity to become an exclusive distributor for the region, If interested, email to: rhinotire@gmail.com.
Duration : 0:4:25
2 Reasons Why There are Many Good Used Japan Cars for Sale
Posted by admin in Cars on 08 24th, 2011span style=”font-size: 12pt; font-family: "Times New Roman";”>The whole world is aware of the fact that used Japan cars are the cheapest in this planet. Moreover, the used Japan cars come with many bundled accessories, which make buying a used Japan car more profitable. All the used Japan cars that are sold will be in top condition. The looks of the used Japan cars will be as good as the new ones. With all these good things, have anyone wondered why these used Japan cars are sold for dead cheap prices? Just keep reading on the article to know the top 3 reasons behind the cheap pricing of the used Japan cars and the great availability of the same.
1. The price of cars is the Cheapest in Asia
You will be well aware of the fact that the pricing of the cars are cheapest in the Asian countries. When it comes to Japan, the prices of the cars are even dead cheap. That is the reason why the Japanese people buy new cars frequently as the new models are introduced. This makes their old used Japan car to be sold at very low prices. As the old cars will be well maintained by the owner, you can see many good used cars for sale at very cheap prices. The Japanese used car inventory expands as people keep on buying new model cars and sell the used car for very low prices.
2. The very special Japanese loan system
Though this loan system cannot be explained in few words, we’ll try our best to make it understandable in this article. The outline of the car loan system in Japan is that you can buy a new car for almost half the original price of the vehicle. Here is how it works. Let’s take an example that you are buying a car that costs US$50,000 which has a resale value of 50%. Through the unique Japanese loan system, you will have to pay only US$25,000 for the vehicle. The car loan system provides an opportunity to deduct the resale value of the car. After some 2 years, you have to resell the car to the dealer and get a new car in the same manner. This makes used Japan cars accumulate to the inventory.
People around the globe really have a hard time when importing luxurious used cars from other countries. There are certain situations where the import tax of the used car will be very much greater than the price for which you bought the car. However, things are very different in the case of importing used cars directly from Japan. You should have heard that importing used Japan cars are not associated with any import tax. Yes that is absolutely true. You don’t have to pay even a single penny as import tax while importing used cars from Japan. Moreover, all the car related taxes are very low for the used Japan cars when compared to the others.
Yoichiro Shiba
http://www.articlesbase.com/cars-articles/2-reasons-why-there-are-many-good-used-japan-cars-for-sale-732344.html
First Steps for the Irish Learner Driver
Posted by admin in Motorcycles on 08 24th, 2011
The main priority for today’s Learner Driver should not be
passing the Driving Test but embracing the philosophy of skills
for life initially. Surely passing the Driving Test is the main
objective? Not So!
Your main objective should be to acquire the necessary skills
that will keep you, your passengers and all other road users
safe. This makes sense, but is not taken on board by a very
large proportion of Irish learner Drivers, with the result that
we have an appalling accident record here which impacts on the
whole community.
The first and arguably most important step for the new driver is
to enrol with a Professional Driving School who will set
the foundation for both basic and advanced skills and ensure
that safety is a priority. The lack of basic skills throughout
the motoring population is very widespread and stems from
several inherent flaws which are only now beginning to be
addressed by the Government.
Thankfully our membership of the European Club is forcing the
various agencies that are involved in the whole motoring scene
to take action and implement the various Directives on a
structured time scale.
The Irish Driving Test only began in 1966 more than
thirty years after the UK introduced that most feared of life
events! Most of the recent EU changes have usually taken effect
here three or four years after the UK. These would comprise the
Driver Theory Test, revised Test Marking Sheet, Provisional
License revisions, and Mechanical Checks on the Practical
Driving Test.
Aspects still to be rolled out will be Mandatory Tuition for
Motorcycles and Cars and the long awaited Examination and
Registration of Driving Instructors. One of the reasons for our
poor standards on the roads, particularly within the young
driver community is that Driving Instructor standards are not
subject to scrutiny. It is quite commonplace to see Instructors
giving tuition in a pupils car with no L plates displayed. This
shows a complete disregard for the basic rule of Law and by
extension the calibre of instruction has to be mediocre at best.
What can you expect on your first lesson with a Professional
Instructor? Will you be taken into a city centre? Will you
be taken on a high speed carriageway? Will you be driving off
down the road in just five minutes? Absolutely not! What will
happen is a concentrated session covering many diverse subjects
relating to both the workings of the car and all its equipment
and a look at the current Driving Scene into which the new
Driver is entering for the first time. An investigation of all
the basic mechanics that are the responsibility of the Driver,
and which now form part of the Driving Test, will take place,
and a brief discussion on the current requirements of the
Driving Test. Once this is accomplished, the basic Cockpit
Drill will be looked at along with all instrumentation and
secondary controls. Following on from this section, a brief
discussion on the use of the Gearbox will take place and then on
to the most mystical of Car equipment …the Clutch. (That
is of course assuming that we are driving a car with a manual
Gearbox, with its accompanying Stick Shift.) It surprises most
beginners that it is the Clutch that moves the car and not the
Gas pedal. In fact, since you are going to be on a level stretch
of road for the first tentative steps, it is interesting to
demonstrate that the Car does indeed move with the foot no where
near the Gas Pedal. This is the point at which we are learning
the first real Driving Skill; that of understanding the Term
“Biting Point” and how to recognise it. In the very early
stages, a complete mastery of being able to bring the Clutch to”
Biting Point” and hold it steady is the key to Driving away
smoothly in every different situation. No amount of gas pedal
usage will move the car unless the clutch is at Biting Point
first. Once the car begins to move, and is building up a little
momentum, then the clutch can be fully released gently and the
Gas pedal then comes into play. Next follows a brief
demonstration of the clutch control technique by the Instructor
followed by the Pupil. The sequence of moving off safely comes
next, followed by the Real Thing, but of course it’s no use
getting going if you then don’t know how to stop safely which
will also be demonstrated. You are now on the move practising
starting and stopping and the adrenalin is finally pumping after
all the Theory! Guess What? You will be doing the whole
procedure in Reverse within a few minutes. Yes that’s
right…Reversing! Reversing is such an integral part of every day
driving that it’s something that can’t be left till later. If it
is put off, then chances are that fear of failure will begin to
creep in and that is not the object of Driving Lessons. So there
you have, in graphic (almost) detail, the first steps on your
Driving Career. If you are going to progress steadily then you
should be prepared to do plenty of homework in between your
Lessons, with a pad and pen as well as reading the Notes which
your Instructor will have given you! There is plenty more where
this came from, so take time to look at all the resources
available and you should be well on the way to the basic
apprentice stage after three or four weeks. The Driving Test is
not a consideration at this stage and will only be addressed
when you have a suitable level of skill built up over several
months.
Robin Piggott
http://www.articlesbase.com/automotive-articles/first-steps-for-the-irish-learner-driver-451.html
Why A Harley Davidson Motorcycle
Posted by admin in Motorcycles on 08 21st, 2011
There are several manufacturers of motorcycles around the world. The BMW for one, builds performance driven motorcycles for years. Japan-made Honda, Kawasaki, and Yamaha also have race winning motorcycles. Ducati is another motorcycle brand that is very popular around the world. But why a Harley Davidson?
Why is Harley-Davidson so popular around the world? Why is that when a Harley rolls on the road, everyone will turn their heads for a glance? Why is it that when one talks about motorcycle, the very first brand in mind is the Harley-Davidson?
Finding answers to these questions will give us 3 words: name, quality, and pride.
Name – When you hear the word “Harley-Davidson”, the first thing that might pop out from your mind is a “one hell of a machine”. Hearing the name “Harley-Davidson” would also easily gives you the impression of a great motorcycle company that set a great legacy throughout history. The name can be synonymous with toughness, quality, speed, and versatility. The name itself will set itself on the top of your mind.
Quality– Whether it is a CVO (Custom Vehicle Operations), Dyna, Sportster, Softail, Touring, or VRSC model, it is a Harley-Davidson. And when we say Harley-Davidson, we mean quality that is built over the years. Each Harley-Davidson motorcycle is made in superiority from the engine parts to the decals and finishing touches. Harley-Davidson motorcycles are made not only to sell but to live for a lifetime as well.
Pride – Harley-Davidson has been manufacturing motorcycles for over a century. And with a company that survived this long, owning one is like owning a piece of history of the company. Harley-Davidson motorcycles have gained so much respect over the years and it has set the trend for the motorcycle industry in the United States. Any Harley-Davidson motorcycle owner would say that they are proud to have at least one great motorcycle in their possession.
What would you feel if you are riding a motorcycle with the name “Harley-Davidson”? Surely, you feel proud. Proud as if you have your first baby; proud as if you have owned a brand-new house; and proud as if you have realized your dream. Indeed, owning a Harley-Davidson can be a dream come true for most. As the price of a Harley motorcycle does not come cheap, owning one can be hard. But if you do, you feel fulfilled and you somehow feel you have your life complete.
How about you? Why are you dying to have a Harley-Davidson motorcycle? The answer is in you…
Low Jeremy
http://www.articlesbase.com/automotive-articles/why-a-harley-davidson-motorcycle-79514.html
U.s. News & World Report Best Cars for the Money and Car and Driver Editors Choices
Posted by admin in Cars on 08 18th, 2011
Whether you are in the market for a new or used car it is always valuable to review what industry experts consider the best cars in each class. In this weak economy it is also a good idea to know what cars are considered to be the best buys.
Let’s look at two classes of cars and compare Car and Driver’s 2009 Editors Choices and U.S. News & World Reports Best Cars for the Money. We will look at small cars and pickups.
Car and Driver’s Editors Choice in the Small Car category are:
1) Honda Fit
2) Volkswagen Rabbit
3) Mazda 3
4) Honda Civic
5) Nissan Versa
U.S. News & World Report Best Cars for the Money in the Small Car category are:
1) Honda Fit
2) Honda Civic
3) Honda Civic Hybrid
4) Volkswagen Rabbit
5) Hyundai Elantra
Let’s take a closer look at the Honda Fit since it is considered the #1 editors choice and the #1 best car for the money. What sets the Honda Fit apart is its quality which makes it very reliable. It has great performance, looks great and is fun to drive. Great visibility from the front and rear and spaciousness make it seem much bigger – more like a compact car. It also has a lot of cargo space. The fuel efficiency is good and it is a very safe car. It is on the expensive side for a small car but this money is more than made up over the life of the car due to its quality and reliability.
Car and Driver’s Editors Choice in the Pickup category are:
1) Dodge Ram
2) Honda Ridgeline
3) Ford F-150
4) Chevrolet Silverado
5) Nissan Titan
U.S. News & World Report Best Cars for the Money in the Pickup category are:
1) Ford F-150
2) Chevrolet Silverado 1500
3) GMC Sierra 1500
4) Dodge Ram
5) Nissan Titan
Let’s look at the Ford-150 since it is considered the best pickup for the money. The ranking by U.S. News & World Report is based on six reviews and an analysis of safety and reliability data. It gets good gas mileage for a full size pickup, 15 mpg in the city and 21 mpg on the highway. There are many model and feature choices with a stylish interior. It has a nice ride and is quiet at all speeds.
It is interesting to note that all of the small cars are foreign cars while the majority of the pickups are American made vehicles. If you are in the market for a new or used car consider these highly rated 2009 vehicles. Even if you are reviewing a previous year model these top rankings don’t change significantly from year to year. What changes is where they are ranked in the top 5.
Stacy Prosney
http://www.articlesbase.com/automotive-articles/us-news-world-report-best-cars-for-the-money-and-car-and-driver-editors-choices-728449.html
Accelerating Growth Through Inorganic Means: Lessons From the Asian Region
Posted by admin in Motorcycles on 08 18th, 2011
Why is the M & A activity growing in the Asian Region ?
Easing of regulations: Historically, regulations governing mergers in Asia were restrictive but with the economic liberalization in the area, deregulation has speeden-up. In India – a country largely untouched by financial problems that have hit other economies – foreign companies are now allowed to acquire controlling stakes in publicly listed Indian companies. In Thailand, it is now easy for foreigners to buy majority stakes in any of the country’s commercial banks and finance companies. This superseded an earlier ruling that foreigners could take majority shareholdings only in troubled institutions and that their bids would be considered case by case. Similarly, South Korea has raised the limit on foreign ownership in local companies to 55% as part of an attempt to attract foreign capital to help it overcome its debt crisis.
Restructuring of family-owned businesses: Family-owned businesses have long played an important role in many Asian economies. In South Korea, the top ten chaebol contribute almost two-thirds of GDP. In India, seven of the top ten private companies are family-owned, and the top 50 family-owned business groups account for 30% of total industry turnover. These businesses once thrived in a protected environment where political connections mattered more than business acumen. But, this resulted in markets dominated by networks of privileged companies, many of which were not able to face competition from overseas. The outcome of this impacted the entire region which started witnessing an increasing trend of local governments introducing incentives to stimulate M&A activity in their countries.
Sale of state-owned companies: State-owned companies account for a large proportion of most Asian economies. Generally, their performance has lagged behind that of private sector counterparts and they have rarely returned their cost of capital. In China, over 40% are said to be losing money where as in India, the estimate is half.
Privatisation is being seen as a way of raising performance as well as government funds. Aggressive privatization programmes are under way in several Asian countries. For example, Pakistan announced plans to offer stakes to foreign companies in the Water & Power Development Authority, Pakistan State Oil, Habib Bank and Pakistan telecommunications. Even in India, where privatization activity had been relatively limited, the government has sold stakes in more than 40 companies. In South Korea, stakes in state-run companies including Pohang Iron & Steel Company, Korea Telecom, Korea Gas Corporation and Korea Heavy Industries & Construction Company are up for sale.
Although most governments prefer to find local buyers for national assets, some have little choice but to accept foreign investors.
Overcapacity: Booming demand from an increasingly affluent Asian middle class has attracted foreign investment of more than $500 billion into the region. The 20% annual growth rate of this incoming capital outstripped GDP growth, had led to severe over-capacity in many industries. This excess capacity has prompted struggling companies to consider sell-outs and offer acquisitive companies a relatively cheap way to buy in. For example, Honda acquired Peugeot’s 22% equity stake in a loss making manufacturing plant in Guangzhou province, Southern China, for less than half of the investment required to build an identical 50,000 car capacity plant from scratch. Honda believes it will fare better than Peugeot because it has a network of local suppliers, and has gained production and sales experience in China through previous joint ventures such as that with Wuyang-Honda, a manufacturer of engines for motorcycles.
De-regulation of fragmented industries: Many industries across Asia are highly fragmented and uneconomic in scale. For instance, the average Chinese paper company is a mere one-fifteenth of the size of its US counterpart. China’s consumer goods and pharmaceutical industries are similarly fragmented.
These small companies have survived in markets shielded from open competition, but as Asia’s economies integrate with the global economy and multi-nationals enter local markets, their future is threatened. To give them a fighting chance, Asian governments have been encouraging and sometimes forcing smaller companies to merge.
Sometime back, Malaysia introduced a scheme to encourage mergers among banks, in the run-up to the situation when the banking industry would be opened to foreign institutions in line with WTO directives. The message was clear: merge or die.
What value-creation does the M&A route provide to the companies in the Asian Region ?
Improved operating performance: Research shows that operating performance in several Asian countries is far weaker than it is in the West. Even in countries like India and China, it is estimated to be as low as 5 percent of US levels. This poor operating performance means that there are opportunities for companies with strong core operating capabilities to buy poor performers, cut costs, improve processes, and raise product and service quality.
GE Capital, the financial services arm of the General Electric Company, has used this approach to expand its business rapidly over the past ten years. In Asia, its targets have included United Merchants Finance of Hong Kong, SRF Finance of India, PT Astra Finance of Indonesia and GS Capital Corporation of Thailand. By improving systems and processes, lowering the cost of funds by virtue of its superior credit rating, and introducing a strong performance ethnic, GE Capital swiftly improved results. Most of these acquisitions were privately owned, making performance figures hard to come by. However, it is recognized that GE Capital has turned around the performance of many of its Asian targets, and that several have already won leadership positions in their markets.
Haier, China’s largest white goods company, has completed more than 13 acquisitions since 1991 using the same strategy, and today boasts sales of about two and a half times greater than those of its nearest rival. Haier typically buys loss-making companies with fundamentally sound products, then applies its operating and brand management skills to enable it to charge premium prices. A strong distribution network in all China’s leading cities and some 7000 sales points abroad, increases its product reach.
Economies of Scale: As industries such as pharmaceuticals and banking that could exploit scale economies have long failed to do so in several Asian markets, there is tremendous potential for buyers to create value by acquiring small companies and consolidating manufacturing, distribution and selling.
Rashid Hussain Bank of Malaysia has created value in this way. In 1990, when it was still a broking house, it acquired a controlling 20 percent stake in DCB Bank. In 1996, it pulled off the country’s biggest ever banking merger by combining DCB Bank with Kwong Yik Bank to create Rashid Hussain Bank. The resulting scale won the new entity “tier 1” status under Malaysia’s new banking scheme, and synergies across its businesses.
Restructured industry: Lack of competition has enabled local companies to thrive despite poor products and services. Therefore, there are opportunities for buyers to acquire these companies with the principal aim of not only improving existing businesses or capturing synergies, but of building entirely new business models.
Hindustan Lever Ltd. is changing the face of India’s ice-cream in this way. A few years ago, the market was the preserve of small regional ice-cream makers. After acquiring them, Hindustan Lever now boasts a market share of about 70 per cent and is expanding its product range, investing heavily in advertisement and promotion to build stronger brands, and improving refrigerated transportation and retail cold storage facilities to increase product shelf-life and market penetration. What used to be a slow-growing, fragmented market, is now expanding by more than 20 percent a year.
Although Hindustan Lever is creating some value by improving the acquired businesses and capturing scale economies, most of which will be derived from [a] the way the company transforms the industry [b] creating a market for a higher-quality product & a broader product range [c] boosting demand to new levels.
Which resources are required by companies in the Asian Region to achieve success in their M & A efforts ?
Funds are an obvious requirement for would be buyers. Raising them may not be a problem for multi-nationals able to tap resources at home, but for local companies, finance is likely to be the single biggest obstacle to an acquisition. Financial institutions in some Asian markets are banned from lending for takeovers, and debt markets are small and illiquid, deterring investors who fear they might not be able to sell their holdings at a later date. The credit squeeze and the depressed state of many Asian markets has only made an already difficult situation worse.
However, apart from funds, a successful M&A growth strategy must be supported by three capabilities :- (a) deep local networks (b) ability to manage uncertainty (c) skill to distinguish worthwhile targets
(a) Local networks – As doing business in Asia is still driven by relationships, only companies with local market networks, will hear about the best deals and those that have a personal relationship with the seller, will be invited to bid for merger. Relationships that deliver these kinds of privileges are often the product of networks developed over decades and give companies that enjoy them an undeniable lead over foreigners in these markets. But less fortunate companies cannot afford to throw up their hands in despair and try to manage without it.
One way to go about the task is to hire and develop a high-performing team of local managers who have ready-made insider networks. Another option is for companies to choose private equity partners who have the required insider capabilities. In return for their investment, knowledge and experience of the local business environment, private equity partners are likely to seek a high investment return.
(b) Management of uncertainty – To manage the high degree of uncertainty that currently exists in some Asian countries, buyers must define and monitor specific indicators to get an early warning of the scenarios that might unfold, then develop contingency plans that allow them to protect themselves in worst case scenarios, but to maximize any possible gains.
(c) Assessment of quality of potential targets - It is necessary that a company should be worth the price which a buyer is ready to pay for it. But assessing companies in Asia can be fraught with problems and unfortunately, several deals have gone bad as buyers failed to dig deeply enough. Concealed high debt levels and deferred contingent liabilities have resulted in large deals destroying value. In those cases where buyers have undertaken detailed due diligence, they have been able to negotiate prices as low as half the initial figure.
Due diligence is often difficult because disclosure practices are poor and companies often lack the information which buyers need. Most Asian conglomerates still do not present consolidated financial statements, leaving the possibility that sales and profit figures might be bloated by transactions between affiliated companies. The financial records that are available are often unreliable, with different projections made by different departments within the same company and different projections made for different audiences.
The economic climate has made things even worse as some companies desperately conceal liabilities or grossly overstate assets in a way that is hard for outsiders to detect. Moreover, seeking recourse under the local judicial system is likely to be slow and frustrating. Therefore, the best solution is prevention i.e. taking more time over due diligence than it is likely to be normal elsewhere. For example, GE Capital had to spend more than three months on due diligence for an acquisition in Asia whereas in the West, this process would have taken no more than a few weeks. Further, buyers should complement their own efforts with those of local experts especially in the areas of tax, accounting and compliance. Accounting items particularly debt, inter-company advances, payments due to creditors and contingent liabilities, need to be probed in greater detail. For this purpose, detailed interviews with customers, suppliers and financiers can be valuable sources of information to validate data from the target company. In short, it is better to spend time and resources on checks at the outset than face surprises and huge losses later on.
Concluding Remarks
The Asian region is characterized by a diversity of cultures, business practices and regulatory environments. Executing successful M&A transactions in this market requires a combination of in-depth knowledge of the region’s long term potential, the courage to move quickly in the unknown & turbulent waters and finally, have the staying power.
Prof. Surinder Pal Singh
http://www.articlesbase.com/strategic-planning-articles/accelerating-growth-through-inorganic-means-lessons-from-the-asian-region-722886.html
Flying Car
Posted by admin in Cars on 08 17th, 2011
See a real Flying Car taking off and land! Web: http://www.gearfactor.com.hk
Duration : 0:1:48
250cc Street Legal Motor Bikes Sport Motorcycles 250RTC $1829
Posted by admin in Motorcycles on 08 17th, 2011
SHOP AT:
http://www.scooterdepot.us/250cc-street-legal-motor-bikes-sport-motorcycles-p-744.html
Engine: Single Cylinder, 4-stroke Air cooled 227.4cc
Transmission: 5 speed manual, manual clutch
Final Drive: Chain
Ignition System: CDI
Starting System: Push Button Electric
Battery: 12V-7AH
Maximum Speed: 60+ MPH, +/- 5MPH (Depending on Riders Weight and Road Conditions)
Fuel Capacity: 3.43 Gallon
Duration : 0:3:30