Hunter Adams Pvt Ltd: Comprehensive Business Analysis and Strategy

This report provides a comprehensive analysis of Hunter Adams Pvt Ltd, a small business enterprise, focusing on strategies for overcoming weaknesses and improving overall performance. It outlines actions such as diversifying into new sectors, managing financial resources, and optimizing workforce. The report details ways to enhance company performance through strategic formulation, training, and production process improvements. It also covers the requirements for the memorandum of association and articles of association, including expected changes. Furthermore, it evaluates the doctrine of ultra vires and its impact, along with the contents of a prospectus and listing particulars. The report references key academic sources to support its findings and recommendations, offering a practical guide for business improvement.

Small Business Enterprise
HUNTER ADAMS PVT LTD

Table of Content
• Introduction
• Actions to overcome the identified weakness
• Ways through which existing performance can be
improved and maintained
• Requirements for the memorandum
• Article of association covering expected changes
• Evaluation of doctrine of ultra virus and its effect
• Contents of prospectus and listing particulars
• References

Introduction
This presentation will cover various ways Hunter Adams in
identifying weakness and also ways to improve and
maintain productivity.
Small business faces a lot of issues and challenges in market
this presentation will assist in sorting them out.

Actions to overcome the identified
weakness
• Diverse into new factor: It should start providing services
to IT Sector to overcome its weakness.
• Limited financial resources: It should start investing in
sources where rate of return is high and money can be
raised easily whenever it is required.
• Less workforce: It should recruit more employees who
are capable and skilled.

Ways through which existing performance
can be improved and maintained
There are certain ways the company performance can be
improved:
• New strategy formulation
• Training and development
• Improved production process

Actions to overcome the identified
weakness
• Diverse into new factor: It should start providing services
to IT Sector to overcome its weakness.
• Limited financial resources: It should start investing in
sources where rate of return is high and money can be
raised easily whenever it is required.
• Less workforce: It should recruit more employees who
are capable and skilled.

Requirements for the Memorandum
It carries all necessary information about company's internal
affairs. It includes -
• Full name of the company.
• Limited liability of its members.
• Details about registered office.
• All objects of company for which it is incorporating.
• Must be duly signed by all members.
• Name of shareholders along with number of their share
holding.
• It is to be deposited with company's formation documents
in form 10, form 12 with article of association.

Article of association covering expected
changes
It can be altered in following cases-
• Changes in share capital and rights of shareholders.
• Lien of shares.
• Calls on share.
• Transfer of shares.
• Forfeiture of shares.
• Surrender of shares.
• Conversion of shares into stocks.
• Alteration of capital.
• Voting rights of members.

Evaluation of doctrine of ultra virus and its
effect
The term “ultra” means beyond and “vires” means powers.
It means doing any act which is beyond the power and
authority of company.
According to doctrine of ultra vires act, there are certain
powers, scopes, objectives, and area of operation and a
company can do anything within these powers.
If company does anything which is beyond these powers
then it will be considered as ultra vires act.

Effect of ultra vires act
• Such acts are considered as void.
• Members can bring injunction against the company.
• Directors will be personally liable for this.
• If any property has been acquired under this, then
company will not having any right over that property.
• Ultra vires borrowing does not creates the
relationship like creditors and debtors.

Contents of prospectus and listing
Particulars
It is an legal document issued by companies that offers
shares for sale.
It is also issued in case of mutual funds to potential buyers.
It includes description regarding strategies related to
securities, rate of dividend,and cases in which shares will be
forfeited.

Contents
• Contents of memorandum.
• Qualification shares for directors.
• No. of redeemable preference shares.
• Remuneration of the Directors and Promoters.
• Minimum subscription.
• Time of opening.
• Names, description, address of directors and managing
directors.
• Name and address of vendor.

References
Malhotra, R. and Temponi, C., 2010. Critical decisions for ERP
integration: Small business issues. International Journal of
Information Management. 30(1).pp.28-37.
Gronum, S., Verreynne, M.L. and Kastelle, T., 2012. The role of
networks in small and medium‐sized enterprise innovation and
firm performance. Journal of Small Business Management.
50(2).pp.257-282.
Herbane, B., 2010. Small business research: Time for a crisis-based
view. International Small Business Journal.28(1).pp.43-64.