Tata Corus Merger and Aquisition-Invwstment Banking

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SUMMER INTERNSHIP PROGRAM
(12.04.2012 - 09.06.2012)

Name: Umang Agarwal
Enrollment No.: 11BSP1087
Mobile No.: +91 8969780080
Email Id: umang_agarwal06@yahoo.com

I. Project Details:

Title of the project: A PROJECT REPORT ON PERFORMANCE ANALYSIS OF TIMKEN INDIA LTD Area of the project: JAMSHEDPUR

Main objectives of the study:
* Analysis of the financial performance of the company over the study period (2008,2009,2010) * To conduct a thorough review of literature to have an understanding of theory behind performance appraisal. * To detect certain financial ratios which are likely to reflect the variability in profit. * To conduct firm comparison over the study period of (2008,2009,2010). * To draw valid conclusions recommendations based on this study.

II. Organization details:
Name of the Organization: TIMKEN INDIA LTD

Address of the Organiztion: Bara, P.O.Agricco,
Jamshedpur-831009,Jharkhand Telephone Numbers:0657-2210293

Main Activity of the Organization: The Timken Company brings us products, solutions and services that have a presence everywhere. Whether it is innovative technology for space exploration; aiding transport on land with specialized services for Rail; managing friction in a fire furnace for a steel mill; setting up oil rigs in the deep waters or bearings in a wind turbine; they supply products and services that are all around us, and play their invaluable part over, under, within and beyond our earth-defining elements. They bring technology you can trust and quality you can feel.

Name & Designation of Head of the Organization: Ajay Kr. Das (Managing Director)

Work Timings: 10.00 A.M. to 5.00 P.M. Amount of stipend expected: None

III. Company Guide:
Name: Dinesh Singh Designation: Head of Department Telephone numbers: 99934011327 Email:

“A PROJECT REPORT ON PERFORMANCE ANALYSIS OF TIMKEN INDIA LTD SINCE LAST 3 YEARS”

Research Design of the study:

Research simply means a search for facts, answer to questions and solution to problems. Research is a systematic and logical study of an issue or problem or phenomenon through scientific method. It is a systematic and objective analysis and according of controlled observations that may lead to development generalization principle resulting in prediction and possibly ultimate control of events.

A research design is arrangements of condition for the collection and analysis of data in a manner that aims to combine relevance to the research purpose with economy procedure. There various research design but descriptive and analytical research design is more suitable for the study.

This research is by and large a desk research and involved the following methods. a) Scanning though standard textbooks to understand the theory behind financial performance appraisal. b) Decision regarding the study period in this case wad decided to be for a period of 3 years (2008,2009,2010) c) Collection of company’s specific literature i.e., companies profile and annual reports over this study period. d) Identification of financial ratios likely to reflect financial performance adequately in this case it was calculated to be (a) Solvency ratios (b) Activity ratios (c) Profitability ratios. e) Calculation of these ratios over the study period and tabulation.

f) Finally forwarding certain recommendations and conclusions to the company in question. By and large the above research design was employed for the study.

Methodological Assumptions:
This research is based on the following Assumption:
(a) Definition used for various financial ratios in the project is assumed to be universal. (b) It is assumed that financial performance is the ultimate index of performance of company. (c) It is also assumed that ratios selected for this study reflects financial performance well and adequately.

Statement of...
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