SKF India Limited was awarded the coveted Dun & Bradstreet Corporate Awards 2014 as the best bearings company for 2013 at a dazzling award ceremony held at the Palladium Hotel, Mumbai on May 28, 2014. SKF India Limited has been recognized with this award for the 8th consecutive year.
Dun & Bradstreet (D&B) felicitated top companies across various sectors for their contribution to the Indian economy. As part of D&B's constant efforts toward delivering added value to its customers, the country's top ranking companies based on 'India's Top 500 Companies 2014' across various categories of business excellence will be honoured. It will be attended by captains of industry and opinion leaders from the Government of India.
The awards methodology was applied to this list of top 500 companies, duly classified in their respective sectors. D&B India developed a proprietary financial model for identifying the top companies in each sector. The model is based on the premise of recognising the twin virtues of size and growth of the companies while awarding them. The analyst team identified pertinent financial parameters to fulfil this premise and assigned weights to them. Winners were chosen on the basis of a composite score of these weighted parameters. The parameters considered for ranking the companies include - total income, net profit, net worth, net profit margin, return on net worth, average market capitalisation for FY13, growth in total income and growth in net profit.
About Dun & Bradstreet (D&B):
Dun & Bradstreet (NYSE:DNB), the world's leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 171 years. D&B's global commercial database contains more than 220 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network - an unrivaled alliance of D&B and leading business information providers around the world - customers gain access to the world's largest and highest quality global commercial business information database.
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D&B featured on FORTUNE Magazine's Most Admired Companies Industry List for four consecutive years (2006 -2009), ranking first in the Financial Data Services category. D&B ranked first in the areas of employee talent, financial soundness, long-term investment, quality of management and use of corporate assets. In 2011, D&B featured on the World's Most Ethical Companies list in the Business Services category by Ethisphere. The World's Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business "ethically" and translate those words into action.