NASA predicts total blackout on 23-25 Dec 2012 during alignment of Universe. US scientists predict Universe change, total blackout of planet for 3 days from Dec 23 2012. It is not the end of the world, it is an alignment of the Universe, where the Sun and the earth will align for the first time. The earth will shift from the current third dimension to zero dimension, then shift to the forth dimension. During this transition, the entire Universe will face a big change,and we will see a entire brand new world. The 3 days blackout is predicted to happen on Dec 23, 24, 25....during this time, staying calm is most important, hug each other, pray pray pray, sleep for 3 nights...and those who survive will face a brand new world....for those not prepared, many will die because of fear. Be happy..., enjoy every moment now. Don't worry, pray to God everyday. There is a lot of talk about what will happen in 2012, but many people don't believe it, and don't want to talk about it for fear of creating fear and panic. We don't know what will happen, but it is worth listening to USA's NASA talk about preparation.
Audit Blasters
Thursday, November 8, 2012
World on December 2012
NASA predicts total blackout on 23-25 Dec 2012 during alignment of Universe. US scientists predict Universe change, total blackout of planet for 3 days from Dec 23 2012. It is not the end of the world, it is an alignment of the Universe, where the Sun and the earth will align for the first time. The earth will shift from the current third dimension to zero dimension, then shift to the forth dimension. During this transition, the entire Universe will face a big change,and we will see a entire brand new world. The 3 days blackout is predicted to happen on Dec 23, 24, 25....during this time, staying calm is most important, hug each other, pray pray pray, sleep for 3 nights...and those who survive will face a brand new world....for those not prepared, many will die because of fear. Be happy..., enjoy every moment now. Don't worry, pray to God everyday. There is a lot of talk about what will happen in 2012, but many people don't believe it, and don't want to talk about it for fear of creating fear and panic. We don't know what will happen, but it is worth listening to USA's NASA talk about preparation.
Tuesday, November 6, 2012
Trade and Investment Deals with India
Harper attended a
business roundtable in New Delhi, intended to showcase 14 trade and investment
agreements that "demonstrate the increasing depth of the Canada-India
relationship," Prime Minister
Stephen Harper participated in a business roundtable in New Delhi.
International Trade Minister Ed Fast emerged
from the meeting to say that $2.5 billion in new business deals with India are
now in the works. Some of that, he conceded, is in the form of memoranda of
understanding – not cash in the bank.
The largest deal was a previously
announced $1.2-billion agreement between Montreal's La Coop fédérée and Indian
Farmers Fertilizer Cooperative (IFFCO) to build a urea production plant (used
for nitrogen fertilizer) in Bécancour, Que., creating 200 local jobs. Another
technology research deal between Prairie Pulp & Paper Inc. of Winnipeg and
Central Pulp & Paper Inc. from Saharanpur, India, will see a new wheat
straw-based pulp and paper plant built in Manitoba, representing a $500-million
to $600-million investment. Montreal's Bombardier was also highlighting two deals:
a new $200-million contract from Mumbai Railway Vikas
Corporation to design and
manufacture equipment for 72 commuter trains with 12 cars each operating on the
Mumbai suburban rail network, on top of another deal with the Delhi Metro Rail
Corporation for 614 cars, worth over $900 million. Fast referred to the
business environment in India as "opaque" and "byzantine."
He added that a foreign investment protection agreement, which is one of the
government's main goals, is still not ready to sign, even after eight years of
negotiation. The two nations have yet to agree on the strings attached to
Canada selling India uranium under a 2-year-old nuclear deal.
Latest Accounting Standards in India
- Disclosure of accounting policies:
- Valuation Of Inventories:
- Cash Flow Statements
- Contingencies and events Occurring after the Balance sheet Date
- Net Profit or loss For the period, Prior period items and Changes in accounting Policies.
- Depreciation accounting.
- Construction Contracts.
- Revenue Recognition.
- Accounting For Fixed Assets.
- The Effect of Changes In Foreign Exchange Rates.
- Accounting For Government Grants.
- Accounting For Investments.
- Accounting For Amalgamation.
- Employee Benefits.
- Borrowing Cost.
- Segment Reporting.
- Related Party Disclosures.
- Accounting For Leases.
- Earning Per Share.
- Consolidated Financial Statement.
- Accounting For Taxes on Income.
- Accounting for Investment in associates in Consolidated Financial Statement.
- Discontinuing Operation.
- Interim Financial Reporting.
- Intangible assets.
- Financial Reporting on Interest in joint Ventures.
- Impairment Of assets.
- Provisions, Contingent, liabilities and Contingent assets.
- Financial instrument.
- Financial Instrument: presentation.
- Financial Instruments, Disclosures and Limited revision to accounting standards.
Trust Deed for Shares - Format
THIS DEED IS MADE on
the day of BETWEEN
(1) [ ] of [ ] (the
“Trustee”);
AND (2) [ ] (NRIC No. [ ] ) of [ ] (“Beneficiary”).
WHEREAS :-
A. The Trustee has subscribed for or otherwise acquired [ ]
shares of Rs.1.00 each (“Shares”) in the capital of [ ] (Registration No.[ ] ),
a company incorporated in India and having its registered office at [ ] (the
“Company”).
B. The total consideration for the said subscription for
and/or acquisition of the Shares is Rs.[ ] .
C. The total consideration paid for the Shares was provided
by the Beneficiary and it has been agreed that the Shares shall be held in name
of the Trustee for the benefit of the Beneficiary absolutely on the terms of
this Deed.
NOW THIS DEED made in
pursuance of the said agreement and for the consideration herein witnesseth as
follows :-
1. The parties declare that the whole of the beneficial
interests in the Shares belongs to the Beneficiary and the Trustee shall hold
the Shares in trust for the Beneficiary absolutely.
2. Without prejudice to the generality of the above :-
2.1 the Trustee undertakes and agrees not to sell, part with
possession or otherwise deal with the Shares, any part thereof, any accretions
thereto or any related rights or interests save and except with the consent of
the Beneficiary;
2.2 if and when required by the Beneficiary to do and as
soon it is possible for the Beneficiary to become a registered holder of the
Shares, the Trustee will sign and execute all deeds documents or other writings
and do all acts and things which may be necessary to enable the Beneficiary to
be the registered holder of the Shares;
2.3 the Trustee shall as soon as possible forward and/or
convey to the Beneficiary all information, statements, accounts and documents
that the Trustee may receive as or by virtue of him being the registered holder
of the Shares;
2.4 the Trustee shall disclose to the Beneficiary all
agreements and/or arrangements binding on all shareholders of the Company;
2.5 the Trustee shall
act in good faith and with due diligence for the benefit of the Beneficiary in
respect of all matters relating to the Shares and the Company; and
2.6 the Trustee shall take all steps within his power to
protect the Beneficiary’s interests in the Shares, all accretions thereto and
all related rights and interests.
3. The Beneficiary shall indemnify the Trustee for all
payments properly made by the Trustee in accordance with this Deed in relation
to the Shares or the Company and for all payments made and costs and expenses
properly incurred as a result of carrying out the instructions of the
Beneficiary.
4. Where holders of
Shares are obliged to meet cash-call by the Company, the Beneficiary shall put
the Trustee in funds to meet the cash-call.
5. In the event that the Beneficiary wishes to dispose of
her interests in the Shares, the Beneficiary shall give the Trustee the first
right of refusal to purchase the said interests at a price to be agreed or at
fair market value to be determined by a public accountant appointed by mutual
agreement and the costs of engaging the accountant shall be shared by the
parties equally.
6. In the event that the holding company of the Company
becomes a public listed company, the Trustee shall procure for the Beneficiary
the right to have the Shares exchanged for shares in the capital of the public
listed company.
IN WITNESS WHEREOF,
the parties have hereunto set their hands ans seals on the date above.
Signed Sealed & Delivered by
in the presence of :-
Signed Sealed & Delivered by
in the presence of :-
Monday, November 5, 2012
China's Construction-Equipment Firms Battle slump
China's largest construction-equipment makers still face
massive overcapacity and pressure to consolidate despite signs of improvement
from this year's industrywide sales slump, a top executive said. Guangxi
Liugong Machinery Co. President Zeng Guang'an said industry inventories appear
to be coming down as manufacturers cut production and renew efforts to sell
more equipment. Still, he warned that a consolidation of the industry is
imminent. "We have too much investment. We need more consumption," he
said in a recent interview. "In China, we are going to slowly change the
structure of our economy." The industry has taken a hit as China's growth
Dollar Funding Pressure facing Non - US Banks
A large share of dollar-denominated lending is done by
non-U.S. banks, particularly European banks. We present a model in which such
banks cut dollar lending more than euro lending in response to a shock to their
credit quality. Because these banks rely on wholesale dollar funding, while
raising more of their euro funding through insured retail deposits, the shock
leads to a greater withdrawal of dollar funding. Banks can borrow in euros and
swap into dollars to make up for the dollar shortfall, but this may lead to
violations of covered interest parity (CIP) when there is limited capital to
take the other side of the swap trade. In this case, synthetic dollar borrowing
becomes expensive, which causes cuts in dollar lending. We test the model in
the context of the Eurozone sovereign crisis, which escalated in the second
half of 2011 and resulted in U.S. money-market funds sharply reducing their
funding to European banks. Coincident with the contraction in dollar funding,
there were significant violations of euro-dollar CIP. Moreover, dollar lending
by Eurozone banks fell relative to their euro lending in both the U.S. and
Europe; this was not the case for U.S. global banks. Finally, European banks
that were more reliant on money funds experienced bigger declines in dollar
lending.
Friday, November 2, 2012
US Stocks Lift Up
US stocks closing: It's only been a day, but November on Wall Street is already looking a lot better than October.
Thursday's upswing started with strong sales results from retailers and automakers. Chrysler had its best October in five years, with sales rising 10 percent, despite the three-day disruption caused by the storm.
Exxon Mobil beat the financial expectations of analysts surveyed by FactSet, but reported lower production of oil and gas. Its stock rose 43 cents to $91.60.
Kellogg Co.'s net income edged up in the third quarter as its acquisition of Pringles chips earlier this year paid off. Kellogg leapt $1.18, or 2.3 percent, to $53.50.
Pfizer said its third-quarter profit fell 14 percent on plunging sales, mainly due to new competition from generic forms of Lipitor, long the world's top-selling drug. Pfizer fell 32 cents to $24.55.
Strong economic data and corporate news converged Thursday to give U.S. stocks their best day since mid-September. Positive signs about the job market and higher auto and retail sales reports pushed stock futures up before the market opened. The Dow Jones industrial average rose 100 points the first half hour of trading. At 10, two more strong reports came out and pushed the Dow up as much as 177 points. It fell back some, but held a steady gain for the rest of the day.
The Dow closed up 136.16 points, or 1 percent, at 13,232.62. It was the best day since Sept. 13.
The Standard & Poor's 500 index rose 15.43 points, or 1.1 percent, to 1,427.59. The Nasdaq composite index added 42.83, or 1.4 percent, to 3,020.06. in October, their first monthly losses since May.
The 10 a.m. surge came after the Institute for Supply Management said factories are seeing more orders and increased production. The index has shown growth for the first two months of this quarter, an encouraging sign about the health of corporate America. Before that, manufacturing had decreased for three straight months.
The Conference Board said Americans' confidence in the economy surged last month to the highest level in nearly five years. Many were encouraged by an improving job market, the group said.
Traders watch manufacturing and consumer confidence because factories and consumers are crucial players in the economic recovery. Manufacturing lifted America out of recession, and the resurgent car industry has supported the economy during recent periods of weakness. Consumers, meanwhile, account for about 70 percent of economic activity. If they're not confident enough to spend, no one else has the buying power to take up the slack.
Manufacturing growth tends to signal higher corporate earnings, said Doug Cote, chief market strategist at ING Investment Management. U.S. companies are midway through reporting their third-quarter earnings, which have been relatively weak. If factories keep boosting their output, Cote said, earnings are more likely to bounce back this quarter.
What you want to see is advancing corporate profits, broad manufacturing growth and strong consumer spending,'' Cote said. Cote said those factors set the tone for the market.
Before trading began, the government said applications for unemployment benefits fell 9,000 last week to a seasonally adjusted 363,000, a level consistent with modest hiring. Separately, payroll provider ADP said businesses added 158,000 jobs in October, more than economists had expected.
Another major piece of economic news comes out at 8:30 a.m. Friday, the Labor Department's October jobs report. That report will be watched closely by traders to see how well the U.S. economy
is recovering. If the number is especially good or bad, it also could influence the outcome of next week's presidential election.
It was the second day of trading after Superstorm Sandy ravaged New York and forced markets to close on Monday and Tuesday. Companies that had postponed earnings announcements rushed to release their results.Thursday's upswing started with strong sales results from retailers and automakers. Chrysler had its best October in five years, with sales rising 10 percent, despite the three-day disruption caused by the storm.
Exxon Mobil beat the financial expectations of analysts surveyed by FactSet, but reported lower production of oil and gas. Its stock rose 43 cents to $91.60.
Kellogg Co.'s net income edged up in the third quarter as its acquisition of Pringles chips earlier this year paid off. Kellogg leapt $1.18, or 2.3 percent, to $53.50.
Pfizer said its third-quarter profit fell 14 percent on plunging sales, mainly due to new competition from generic forms of Lipitor, long the world's top-selling drug. Pfizer fell 32 cents to $24.55.
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