Maharashtra Cosmopolitan Education Society’s PAI International Centre for Management Excellence
This is to certify that FURKAN Y.KAMDAR student of PAI INTERNATIONAL CENTRE FOR MANAGEMENT EXCELLENCE, Maharashtra Cosmopolitan Education Society, Pune has completed his field work at ULTRA TECH CEMENT LTD on the topic of ―FINANCIAL STATEMENT ANALYSIS BY USING THE TECHNIQUE OF RATIO ANALYSIS”FOR ULTRA TECH CEMENT LTD and has submitted the field work report in partial fulfilment of 2 years full time course MASTER IN BUSINESS ADMINISTRATION of college for the academic year 2008-2009 He has worked under our guidance and direction. The said report is based on bonafide information.
Project Guide Name
Prof. R Ganesan
Pai International Centre for Management Excellence Date: Place: Pune
PAI INTERNATIONAL CENTRE FOR MANAGEMENT EXCELLENCE Maharashtra Cosmopolitan Education Society
I hereby declare that the project titled ―FINANCIAL STATEMENT ANALYSIS OF ULTRATECH CEMENT LTD.‖ is an original piece of research work carried out by me under the guidance and supervision of Prof.R.GANESAN. The information has been collected from genuine & authentic sources. The work has been submitted in partial fulfillment of the requirement of MASTER OF BUSINESS ADMINISTRATION (MBA).
Place: Pune Date: 26/02/2009
Signature: FURKAN KAMDAR
―The satisfaction Euphoria that accompanies the successful completion of any work would be incomplete unless we mention the name of the person, who made it possible, whose constant guidance and encouragement served as a beckon of light and crowned our efforts with success.‖ I consider it a privilege to express through the pages of this report, a few words of gratitude and respect to those who guided and inspired in the completion of this project.‖
I am deeply indebted to Mr. Bhavesh PathK (HOS-HRD) for giving me the opportunity to undergo my project in their esteemed organization and their timely suggestions & Valuable guidance. I also want to give thanks to Ms. Nidhi Dua (HRD), Mr. Ankur Trivedi (Accounting Dept.), Mr. Dharmendra Bhatt (HRD) and all the staff members of HR and accounts dept. They constantly encouraged me and showed the right path from day first till the completion of my project. My sincere thanks to saumiya madam and all the other faculty members, (Internal guide-PICME, PUNE) for guiding me throughout the, project.
Last but not the least; my grateful appreciation is also extended to Mrs.Sikha (Administrative Head) Madam and our administration officer Mr. Atik sir and my cordial thanks to my Parents and friends. However, I accept the sole responsibility for any possible errors of omission and would be extremely grateful to the readers of this project report if they bring such mistakes to my notice.
However, I accept the sole responsibility for any possible errors of omission and would be extremely grateful to the readers of this project report if they bring such mistakes to my notice.
FURKAN Y. KAMDAR
Sr.No. 1. 2. 3.
Contents Executive Summary Objectives of study Research Methodology Research framework Type of data How data was collected
Page No. 6 7 8
Company Profile Theoretical Background Financial Statements Financial statement analysis
23 32 34 41 43 66 67 68 69 70 71 72
6. 7. 8. 9. 10. 11. 12. 13. 14. 15.
Financial Ratio analysis Financial Overview of UltraTech...