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    INTRODUCTION

    A company geared for success and profitable growth needs foundation of

    values, expertise and experience that encompasses both its history and the people who

    make it what it is: the companys employees, shareholders and customers. At

    Siemens, sustainability the future orientation that was fostered by our companys

    founding family back in the nineteenth century and continues to benefit our

    customers, our shareholders and society today is an integral part of our foundation.

    This foundation is the basis for the company strategy thats now enabling more than

    400,000 Siemens employees around the world to channel their knowledge and skills

    into providing answers to the challenges of our time. In this years Annual Report,

    wed like to present three projects that showcase our pioneering role in addressing

    these challenges. Underscoring our focus on innovation- and technologydriven growth

    markets, we first take a look at a solar thermal power plant in Lebrija, Spain. With a

    capacity of 50 megawatts, this trailblazing facility will soon be supplying carbon-free

    power to some 50,000 households.

    Shanghai is our next stop. Join us in the Chinese megacity for a tour of the

    ultra-modern plant where we manufacture SOMATOM Spirit CT scanners. Then visit

    one of our customers to see how these scanners are helping improve healthcare in

    rural areas proof of the importance we attach to cultivating a local presence

    worldwide and making technological advances available to people all around the

    globe.

    Finally, wed like to take you for a spin in a state-of-the-art electric car. In

    pushing electric mobility, were going beyond vehicles whose advanced drives are

    launching a new era in transportation. Were also building smart grids that permit the

    low-loss, long-distance transmission of green electricity to urban areas and

    developing innovative concepts for batteries that help offset power supply fluctuations

    by serving as mobile power storage units. These projects highlight just a few of the

    innovations spawned by the ideas and knowhow of our employees and realized by the

    strength of our company. And its this strength what we call the power of Siemens

    thats enabling us to outpace our competitors by breaking new ground as modern-day

    pioneers and setting milestones for progress and development in societies worldwide.

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    HISTORY

    The story of telecoms manufacturing by Siemens is one that can be condensed

    only with difficulty, but here goes.

    Two brothers of the Siemens family started their electrical business in the mid-

    19th century, establishing factories in Berlin (Germany) and Woolwich (Britain). Up

    to the First World War the two companies collaborated closely but the hostilities

    caused a total separation of the two firms. The British company became Siemens

    Brothers Ltd and whilst the German company did re-establish operations in Britain

    after the war, they confined their operations in Britain to making and selling heavy-

    current devices. German-sourced telecomms equipment was still imported into Britain

    but by agents, not by either Siemens Company. However, an arrangement remained

    between the wars for mutual design assistance for telecommunications technology.

    In the post-war Siemens Brothers was absorbed first into AEI (about 1960)

    and then into GEC Ltd (in 1968) and the Siemens name disappeared from the UK

    telecomms scene.

    The German companys re-entry into the UK market in the 1980s was

    achieved through the purchase of a small Luton-based company called Norton

    Telecom (in a previous incarnation the firm made television games under the name

    Sportel, whilst Norton's main activity was expoerting British telecomms equipment to

    Africa). Norton Telecom exploited the liberalisation of the UK customer premises

    equipment market and began to import PABXs from Germany.

    In 1989 the German Siemens company decided it wanted to stake a major

    claim on the UK telecomms market and bought 40 per cent of GPT. One of the

    consequences of this was that their own private systems business, started some yearsearlier by taking over Norton Telecom, was merged with GPT Communication

    Systems Ltd (originally an ATE subsidiary). New premises were bought, still in

    Luton, and from this date onwards the new team started to push German-made

    products far harder than British GPT equipment. This was ill-advised because in most

    cases the British equipment was better-specified, more innovative and cheaper.

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    This awkward marriage between GEC and Siemens eventually came to an end,

    when GEC bought out the Siemens share, allowing Siemens to sell its own products

    unfettered by the GEC people. Siemens now acknowledges its UK tradition dating

    back to 1858 and now sponsors the old (English) Siemens Engineering Society.

    Siemens in Germany

    125 years of the telephone - a story of communications, starring Siemens

    Siemens and telephony a story of intertwined fortunes stretching back 125

    years. Siemens produced Germany's first instruments, and played a decisive role in

    the development of the telephone network. Siemens was crucially involved in the

    introduction of ISDN, and is now one of the pioneers of UMTS technology. From the

    first lines to communications that span the worldSiemens has been at the forefront

    from day one.

    From 1876 to 2001- A history of the telephone

    There is scarcely another invention that has changed people's lives as radically

    as the telephone. A history that now stretches back 125 years began with the vision of

    a Scottish teacher of the deaf and dumb: He dreamed of producing a device that

    would enable people to communicate across great distances. This dreamer with apractical bent was Alexander Graham Bell, who in 1870, emigrated from Scotland to

    America, where he founded a private school for vocal physiology, but spent almost

    every free moment performing physics experiments in his laboratory. On February 14,

    1876 his dream became reality, and he filed a patent application under the number

    174.465, for his telephone.

    Berlin's Postmaster General Heinrich Stephan learned of the invention with

    delight. With admirable commitment, he promoted further development of the newtechnology. The German capital's first telephone link - no less than two kilometers in

    length - was inaugurated on October 26, 1877. But the system needed the devices that

    would permit users to telephone each other, and the company Siemens & Halske were

    commissioned to produce telephones based on Bells original. The firm, founded in

    1847, had already made a name for itself with some spectacular telegraph

    construction projects, and inventions in the field of electrical engineering.

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    200 telephones a day

    Werner Siemens recognized the vast potential of telecommunications.

    Siemens & Halske were early proponents of mass-production techniques, with 200

    telephones emerging from their manufacturing shop every day from November 1877.

    The company lived up to its reputation as communications technology pioneer.

    They invested in the further development of the technology from day one.

    They set great store by ergonomics, intended to make using the telephone more

    convenient. They started with the introduction of the hand receiver, followed later on

    by the scoop-shaped receiver which typified the design for many years. The first

    equipment had its teething-troubles, of course. The connections were highly sensitive

    to interference, while the vital "ring" turned out to be problematical. An alarm-clock

    took on this function, drawing the necessary power from a battery which at the same

    time supplied the current for the voice signal. The "muscle-powered" hand crank was

    much used as an alternative here.

    "Hallo, exchange here, who would you like to speak to?"

    By the end of the 19th century Siemens also developed the necessary network

    of lines, as well as the actual telephone. A double copper line led from each

    subscriber to a central exchange, where nimble-fingered operators connected the lines

    via a so-called "drop switchboard". These switchboards owed their name to the

    technology employed: Calls were signaled to the operators by the dropping of

    numbered flaps, which were retained in place by an electromagnet when not in use. If

    a subscriber wished to end the call, the corresponding flap had to be flipped upwards

    again by hand.

    With the rapidly growing number of connections came increased problems.

    The initial capacity of the drop switchboards was limited to 50 lines. The more people

    who wished to make calls, the more switchboards were set up in the exchanges.

    Connections from one switchboard to another were announced in advance by calling

    across the room. The frequent consequence was impenetrable confusion, with wrong

    numbers and subscribers left waiting for connections that were never made.

    The mechanization of switching was a major advance: First a hundred, and

    later several thousand calls could be switched at the same time - without the

    intervention of an operator.

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    One of the first systems of this kind was made possible by the "two-motion

    selector"- invented by the American Almon Strowger in 1889. This represented a

    huge advance: A Strowger selector was able to handle 100 calls automatically. Later

    came the "group selector", which boosted performance once more by several orders of

    magnitude.

    The telephone network grows

    The automation of the German telephone network spurred on the relentless

    march of the telephone. 1909 saw Siemens playing the leading role in setting up the

    first fully automated exchange in a major European city, in Munich's Schwabing

    district. In 1923, Siemens was also behind the world's first fully-automatic long-

    distance exchange, in the small town of Weilheim, Upper Bavaria. In later years,

    Siemens developed various dial systems. The technical highlights included the

    introduction of the noble metal uniselector motor switch in 1954 and the

    electronically controlled system with magnetic coupling fields in 1955. November

    1962 saw the first electronically controlled exchange commence operations with the

    Deutsche Bundespost in Munich. The mechanical selectors were replaced by the

    magnetic coupling fields, which also formed the speech path network. The system

    was developed and manufactured by Siemens. From 1972, all German local networks

    used fully automatic operation.

    Digitization brings a quantum leap

    A quantum leap for telephony came at the end of the 70s, with digitization.

    New services became possible, thanks to the conversion of analog signals into digital

    codes. ISDN, or "Integrated Services Digital Network" is the magic word here. In

    1980, Siemens started series production of the first digital computer-aided dialing

    system, EWSD. The result was that the transmission capacities of lines and exchanges

    increased by many orders of magnitude, enabling the parallel transmission of voice

    and data traffic. Digitization also paved the way for the fax - the transmission of entire

    documents, in the form of a copy identical to the original.

    Satellite telephony

    Alongside terrestrial advances, the telephone companies launched the first

    telecommunications satellites into earth orbit in 1960. 1969 saw the world's first

    satellite-based telephone network go into service.

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    The integration of satellites and terrestrial systems enabled overseas calls that

    were as quick and convenient as those made within a continent's boundaries.

    Cordless telephones bring freedom of movement

    In the 80s, Siemens developed the first cordless telephones. Advances in other

    areas of technology expanded the range of functions offered by handsets. These

    included number memories, displays, hands-free equipment and more sensitive

    microphones.

    With increasing prosperity, design became ever more important. The

    telephone is no longer just a tool, but is becoming a fashion item and an element of

    interior design.

    Onto the Net via the phone

    The number-one topic of the new millennium is the internet - the driving force

    behind the global information society. Via the internet, the telephone and the

    computer enable multimedia telecommunications. Worldwide data highways are

    turning the world into a global village. The old copper cables are increasingly being

    replaced by the much more efficient optical fiber, and alongside this, researchers and

    engineers are working hard in their laboratories, developing optoelectronic switchingtechnology.

    The mobile radio boom

    More or less at the same time as the spread of the internet, the last five years

    have seen a boom in mobile radio that hardly any of the experts had foreseen. Here

    too, Siemens ranks as a world pioneer. Germany was already one of the technological

    leaders in the analog A-, B- and C-networks. Siemens played a crucial role in the

    development of the GSM (Global System for Mobile Communication) digital

    standard at the beginning of the 90s. Today, more than 100 million people right across

    the world make phone calls via the D- and E-networks. Now, cellphones provide

    access to WAP services - mobile online services.

    UMTS (Universal Mobile Telecommunications Systems) will usher in the era

    of third-generation mobile radio.

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    Our Values

    Highest performance with highest ethics

    Responsible Committed to ethical and responsible actionsComprometida

    Excellent Achieving high performance and excellent results

    Innovative Being innovative to create sustainable value

    Vision

    A world of proven talent, delivering breakthrough innovations, giving our

    customers a unique competitive edge, enabling societies to master their most vital

    challenges and creating sustainable value.

    Mission

    Through our global network of innovation and strong local presence, we are

    pooling and developing our knowledge and competencies within a high performance

    organization, aiming to create outstanding value for our clients, employees,

    shareholders and society.

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    S.W.O.T

    SWOT analysis is also another way of looking at a successful marketing

    scheme. The pointers to take note of would be strength, weakness, opportunity

    and threat.

    Strength (Internal factors)

    Identifying the strengths would be through browsing through the

    organizations current market share and identifying how reputable and recognised

    Nokia is amongst its consumers in the target market. Nokia is presently one of the

    most reputable Mobile communications companies in the industry, making

    over 52,000 sales in 1997, which was a 34% more than the year1996.

    Weakness (Internal factors)

    Identifying weaknesses would be through looking at the area which the

    product is a failure. Nokia's problems are that:

    1. They are presently aspiring on a saturated market segment.

    2. Their remuneration costs are constantly rising.

    3. Higher trading charges have been applied.

    4. There are some quite high supply chain charges that Nokia is presently shelling out.

    Opportunity (External factors)

    This is the sector in which Nokia can make more revenue, or expand their

    market share. There are 2 ways in which Nokia can currently do this:

    1. Improvise on the technology that they are using. For example, camera phones with

    a advanced Adobe-like picture editing system would draw new customers to

    purchase phones under the Nokia brand name.

    2. Using modernization to re-produce their products, change and develop within the

    market to present something none of the opponents have.

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    Threat (External factors)

    This is identifying the competition that is taking away Nokia's present market

    share as well as government legislations.

    For present goods, it is usually useful to use an A n offs matrix, in order for

    Nokia to grow as an organization we must look at:

    Market diffusion

    Market progress

    Product expansion

    Diversification or branching out

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    MANAGEMENT

    COMPETITORS

    Name Designation

    Armin Bruck CEO

    Armin Bruck Managing Director & CEO

    Darius C Shroff Director

    Deepak S Parekh Chairman

    Haresh Khilnani Co. Secretary & Compl. Officer

    Haresh Khilnani Secretary

    Joe Kaeser Director

    Johannes Apitzsch Alternate Director

    Keki B Dadiseth Director

    Narendra J Jhaveri Director

    Pradip V Nayak Director

    Roland Busch Director

    Sunil D Mathur Executive Director & CFO

    Yezdi H Malegam Director

    COMPANY SYMBOL

    Aplab Ltd. APLLTD

    Honeywell Automation India Ltd. HONAUT

    Wellwin Industry Ltd. WELLIN

    http://economictimes.indiatimes.com/Siemens%20Ltd./stocks/companyid-65.cmshttp://economictimes.indiatimes.com/Siemens%20Ltd./stocks/companyid-12915.cmshttp://economictimes.indiatimes.com/Siemens%20Ltd./stocks/companyid-6605.cmshttp://economictimes.indiatimes.com/Siemens%20Ltd./stocks/companyid-12915.cmshttp://economictimes.indiatimes.com/Siemens%20Ltd./stocks/companyid-6605.cmshttp://economictimes.indiatimes.com/Siemens%20Ltd./stocks/companyid-65.cms
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    PRODUCTS AND SERVICES

    Siemens offers a wide range of electrical engineering- and electronics-related

    products and services.Its products can be broadly divided into the following

    categories: buildings-related products; drives, automation and industrial plant-related

    products; energy-related products; lighting; medical products; and transportation and

    logistics-related products.

    Siemens' buildings-related products include building automation equipment

    and systems; building operations equipment and systems; building safety equipment

    and systems; building security equipment and systems; and low-voltage switchgear

    including circuit protection and distribution products.

    Siemens' drives, automation and industrial plant-related products include

    motors and drives for conveyor belts; pumps and compressors; heavy duty motors and

    drives for rolling steel mills; compressors for oil and gas pipelines; mechanical

    components including gears for wind turbines and cement mills; automation

    equipment and systems and controls for production machinery and machine

    toohimels; and industrial plant for water processing and raw material processing.

    Siemens' energy-related products include gas and steam turbines; generators;

    compressors; on- and offshore wind turbines; high-voltage transmission products;

    power transformers; high-voltage switching products and systems; alternating and

    direct current transmission systems; medium-voltage components and systems; and

    power automation products.

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    Siemens' OSRAM subsidiary produces lighting products including

    incandescent, halogen, compact fluorescent, fluorescent, high-intensity discharge and

    Xenon lamps; opto-electronic semiconductor light sources such as light emitting

    diodes (LEDs), organic LEDs, high power laser diodes, LED systems and LED

    luminaires; electronic equipment including electronic ballasts; lighting control and

    management systems; and related precision components.

    Siemens' medical products include clinical information technology systems;

    hearing instruments; in-vitro diagnostics equipment; imaging equipment including

    angiography, computed tomography, fluoroscopy, magnetic resonance,

    mammography, molecular imaging ultrasound, and x-ray equipment; and radiation

    oncology and particle therapy equipment.

    Siemens' transportation and logistics-related products include equipment and

    systems for rail transportation including rail vehicles for mass transit, regional and

    long-distance transportation, locomotives, equipment and systems for rail

    electrification, central control systems, interlockings, and automated train controls;

    equipment and systems for road traffic including traffic detection, information and

    guidance; equipment and systems for airport logistics including cargo tracking and

    baggage handling; and equipment and systems for postal automation including letter

    parcel sorting.

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    PROFITAND LOSS

    Sep'12 Sep'11 Sep'10 Sep'09 Sep'08

    12Months 12Months 12Months 12Months 12Months

    INCOME:Sales Turnover 13295.7 12318.74 9563 8617.19 8610.07

    Excise Duty 375.8 363.3 240.59 220.66 316.74

    NET SALES 12919.9 11955.4 9322.41 8396.53 8293.33

    Other Income 0 0 0 0 0

    TOTAL INCOME 12977.4 12110.8 9450.95 8685.35 8349.12

    EXPENDITURE:

    Manufacturing Expenses 4900.8 4663.25 3956.22 3485.78 3865.18

    Material Consumed 5000.3 4458 2972.16 2943.52 2958.09

    Personal Expenses 1195.9 918.95 633.76 551.06 448.98

    Selling Expenses 0 97.37 63.54 35.46 47.02Administrative Expenses 931.6 629.28 401.93 362.16 413.27

    Expenses Capitalised 0 0 0 0 0

    Provisions Made 0 0 0 0 0

    TOTAL EXPENDITURE 12028.6 10766.8 8027.61 7377.98 7732.52

    Operating Profit 891.3 1188.6 1294.8 1018.56 560.81

    EBITDA 948.8 1343.91 1423.34 1307.37 616.6

    Depreciation 201 152.21 101.48 77.78 63.73

    Other Write-offs 0 0 0 0 0

    EBIT 747.8 1191.7 1321.86 1229.59 552.87

    Interest 27 31.58 22.21 19.25 13.27EBT 720.8 1160.12 1299.66 1210.34 539.6

    Taxes 177.7 429.53 431.54 387.01 298.44

    Profit and Loss for the Year 543.1 730.59 868.12 823.33 241.15

    Non Recurring Items -120 48.89 -40.91 221.52 352.17

    Other Non Cash Adjustments -79.9 65.95 0 0 0

    Other Adjustments 0 0 0 0 0

    REPORTED PAT 343.2 845.43 827.21 1044.85 593.33

    KEY ITEMS

    Preference Dividend 0 0 0 0 0

    Equity Dividend 211.2 204.18 168.58 168.58 101.15Equity Dividend (%) 310.13 299.99 250 250 150

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    QUARTERT

    Mar'13 Dec'12 Sep'12 Jun'12 Mar'12

    INCOME

    Net Sales Turnover

    2955.5

    6

    2485.6

    4

    3375.1

    8

    2843.3

    3 3797.28

    Other Income 12.47 8.35 12.62 12.89 12.01

    Total Income 2968 2494 3387.8 2856.2 3809.3

    EXPENSES

    Stock Adjustments 152.83 -113.31 166.95 -63.26 172.25

    Raw Material Consumed

    1493.7

    3

    1355.0

    6

    1875.9

    5

    1608.7

    8 2074.47

    Power and Fuel 0 0 0 0 0

    Employee Expenses 328.87 340.76 344.35 278.46 252.66

    Administration and Selling Expenses 0 0 0 0 0

    Research and Development

    Expenses 0 0 0 0 0Expenses Capitalised 0 0 0 0 0

    Other Expenses 904.81 741.55 888.47 922.72 803.47

    Provisions Made 0 0 0 0 0

    TOTAL EXPENSES 2880.2 2324.1 3275.7 2746.7 3302.8

    Operating Profit 75.32 161.59 99.46 96.62 494.44

    EBITDA 87.79 169.94 112.07 109.51 506.45

    Depreciation 61.01 56.08 55.94 50.61 46.94

    EBIT 26.78 113.87 56.14 58.9 459.51

    Interest 8.35 4.73 6.55 5.27 7.91

    EBT 18.43 109.13 49.58 53.63 451.6

    Taxes -11.52 36.06 -15.43 17.21 147.59

    Profit and Loss for the Year 29.95 73.07 65.01 36.42 304

    Extraordinary Items 0 0 0 0 0

    Prior Year Adjustment 0 0 -0.76 0 0

    Other Adjustment 0 0 0 0 0

    Reported PAT 29.95 73.07 -55.77 36.42 304

    KEY ITEMS

    Reserves Written Back 0 0 0 0 0

    Equity Capital 71.1 70.41 68.06 68.06 68.06

    Reserves and Surplus 0 0 0 0 0

    Equity Dividend Rate 0 0 0 0 0

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    Agg. Non-Promoter Share(Lacks) 890.3 890.3 890.3 850.74 850.74

    Agg. Non-Promoter Holding(%) 25.04 25.29 26.16 25 25

    Government Share 0 0 0 0 0

    Capital Adequacy Ratio 0 0 0 0 0

    EPS(Rs.) 0.84 2.08 -1.64 1.07 8.93

    DIVIDEND DECLARED

    AnnouncementDate EffectiveDate DividendDate Dividend(%) Remarks

    23/11/2012 16/01/2013 Final 300%

    Rs.6.0000 per

    share(300%)Dividend

    22/11/2011 16/01/2012 Final 300%

    24/11/2010 18/01/2011 Final 250%

    26/11/2009 19/01/2010 Final 250%

    25/11/2008 14/01/2009 Final 150% AGM

    22/11/2007 14/01/2008 Final 240%

    23/11/2006 2/1/2007 Final 190% AGM

    24/11/2005 6/1/2006 Final 100% Inclusive 55% Special

    21/04/2005 9/5/2005 Interim 45%

    27/11/2004 7/1/2005 Final 50%

    50% Final Dividend (Including

    20% Special Dividend)

    23/04/2004 6/5/2004 Interim 40%

    7/11/2003 30/12/2003 Final 40%

    (inclusive of special dividend

    of 10%) & AGM

    12/7/2003 8/8/2003 Interim 35%

    22/11/2002 27/12/2002 Final 25% AGM

    15/04/2002 13/05/2002 Interim 30%

    22/11/2001 Final 40% AGM

    24/10/2000 Final 65%

    24/11/1999 Final N.A.% AGM & Dividend

    1/1/1998 Final N.A.% Revised Nil Dividend

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    CONCLUSION

    The success of MBB and the growth in data traffic requires operators to focus

    on profitability and the user experience. Solutions require end-toend mechanisms

    spanning network elements from the gateway to the mobile device. As traffic volumes

    grow, application differentiation is one way to use the infrastructure efficiently while

    safeguarding QoS and the user experience. All the solutions described aim to

    prioritize traffic so that higher-priority flows get the QoS they need, even during peak

    hours. Lower priority flows will receive a best-effort service. DPI is applied to

    identify applications and to ensure that the type of service influences any decision

    process.In general the radio network QoS differentiation methods, bearer separation

    and Application Aware RAN, provide very good support for QoE and efficiency

    management.

    The requirements of the different application types can be met in the radio and

    transport interface and the utilization of the most critical network resources can be

    maximized. Also the network planning and optimization can benefit from the

    understanding of the observed performance of the key applications in the radio and

    transport network. However, its not always possible to apply radio network QoS

    differentiation methods to avoid congestion, for instance in multivendor

    environments. In this case, the recommendation is to perform traffic management in

    the core, based on traffic statistics. The traffic management methods in the core are

    used to reduce the user data load, using typically policing and shaping the bitrates of

    the individual applications, and in some cases also advanced content optimization

    such as e.g. video, webpage and image compression.