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A SUMMER TRAINING PROJECT
REPORT
ON
FINANCIAL STATEMENT ANALYSIS OF
JINDAL STEEL
SUBMITTED IN THE PARTIAL FULFILLMENT FOR THE AWARD OF
DEGREE OF MASTER IN BUSINESS ADMINISTRATION 2012-14
UNDER THE GUIDANCE OF:
MS. SHRUTI MALIK
FACULTY, RDIAS
SUBMITTED BY:
ANKIT RELAN
ROLLNO.05380303912
BATCHNO. 2012-14
SECOND SHIFT
RUKMINI DEI INSTITUTE OF ADANCED STUDIES
A! ISO "001:200# C$%&'('$) I!*&'&+&$
NAAC A,,%$)'&$) G%)$ A.A//%$) 3 AICTE HRD M'!'*&%3 G&5 ( I!)'6
A(('7'&$) & G+%+ G'!) S'!89 I!)%/%*&9 U!'$%*'&3 D$79'
2A 2B M)9+! C9;
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T7$ ( C!&$!&*
Table of Contents
Student
declaration.
Certificate from Guide........
..........
Acknowledgement.................................................................................
Executive Summary...
List of Tables
CHAPTER- 1 INTRODUCTION
!" A#$%& &'( I)*%+&
#" S&(( /!)&+ ) I)*!
" A#$%& T'( C$!)
CHAPTER 2 LITERATURE REIE6
!" L&(!&%( R(7(
#" A#$%& &'( T$
CHAPTER 3 RESEARCH METHODOLO/Y
!" P%$+( $ &'( S&%*
#" R(+(!' O#:(&7(+ $ &'( S&%*
" R(+(!' M(&'$*$$; $ &'( S&%*
R(+(!' *(+;)
D!&! C$(&$) T(')
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S!( *(+;)
S!( +=(
S!); (&'$*
M(&'$* $ *!&! $(&$)
I)+&%()& $ *!&! $(&$)
L&!&$)+
CHAPTER 4 ANALYSIS> INTERPRETATION
!" A)!++
#" I)&((&!&$)
CHAPTER- 5 FINDIN/S > SU//ESTIONS
!" S%;;(+&$)+
CHAPTER- ? CONCLUSION
BIBLIO/RAPHY
ANNE@URES
3
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STUDENT DECLARATION
T'+ &$ (& &'!& I '!7( $(&(* &'( $:(& &&(* F'!!,'7 A!73*'* ( J'!)7
S&$$7 %)*( &'( ;%*!)( $ M+. S'%& M! ) &'( !&! %()& $ &'(
(
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CERTIFICATE
T'+ + &$ (& &'!& &'( $:(& &&(* F'!!,'7 A!73*'* ( J'!)7 S&$$7 + !)
!!*( $ *$)( # ANKIT RELAN +%#&&(* ) &'( !&! %()& $ &'(
(
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ACKNOWLEDGEMENT
I &!( &'+ $$&%)& &$ !)$(*;( !)* ((++ ;!&&%*( &$!*+ +$(
$ &'( $+& ()()& ($( '$+( (+()( + )$&($&' > +()! ) ;7); ( !
;!)* $$&%)& &$ !++$!&( +( &' !) (+&(((* $;!)=!&$) ( )*! S&((
L&(*.
I ! ;!&(% &$ M. O. P. (!, A$%)&+ M!)!;( !& )*! S&(( L&(*
$ ()&%+&); %$) ( $)*()( !)* $7*); ( ! '!)( &$ ;(& !) $)-&'(-:$#
((()( ) &'( 7!$%+ (*+ $ F)!)(.
I ! &'!)% &$ ' $ '+ ()*(!7$ &$!*+ $7*); $)&)%$%+ ;%*!)(
&$ '( #%* !) %)*(+&!)*); $ &'( !&! !+(&+ $ &'( $, ;!) )$(*;( >
7!%!#( ((()(+. I ! ;!&(% &$ ' $ '+ $%&(!'); +%$& !)* '(); &$
#%* ! $&7!&); $ ()7$)()& !)* )%!&); ! ((); $ $)+&!)& +&7);
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7!%!#( &!()&. I $)+*( )(! &$ $)&'+ S%( I)&()+' !& )*! S&((
L&(* &$ #( ! %! (!)); ($*. I ! *(( )*(#&(* &$ ! &'( +%(7+$+ $
$7*); ! &'( +%$& '() )((++!.
I ! !+$ &'!)% &$ F!%& M()&$ M+. S'%& M! $ '( '(% )!&%(
!)* 7!%!#( ;%*!)( $7*(* &( !)* !;!). H( +%;;(+&$)+ '!7( #(()
)+&%()&! ) #%*); &'( $%)*!&$) $ &'( *!& ($&.
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ANKIT RELAN
E)$()& N$ 05380303912
E>ECUTIE SUMMARY
T'( $!) +'$%* $$ ) $ C%&(& )!)! $+&$) !)* +'$%* )$
)7(+& &'( !&! ) $*%&$) !)* $)+&%&$) !&'( &'!) ) %)*+. T'( $!)
+'$%* $7( &'( $ (7( !)* !!&(+ ) ($'$( !)& $ '' &'(
$!) +'$%* +&& $$ TGM !)* UST IN TIME. T'( $!) +'$%* +$$)
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&' )%()(, ) ! 7( (! !. T'( *(+$)+ '( !( +%#+(
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&'( ((& $ '+ *(+$) $) &'( %&%( $+&$)+ & $% $7( &(. T'(
$!)+ (
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INTRODUCTION
A+& &9$ I!)+*&%3:
A!,'$!& S&$$7:
S&(( !+ )$) ) !)&
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D%); &'( 1J&' ()&% & !+ (!=(* &'!& &'( #(+& S&(( !( $ $(; $%)* +
$) $ ! (;$) $ S(*(), )$&' $ S&$'$.
M)$%! S&$$7?
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S&'!7$** S&$$7 '* $$%3;9$%$:
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O7()+ !)* #!#(
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B%*); !!*(+
L&+ !)* (+!!&$+
S%#! &!)+ !)* +&!&$) )!+&%&%(.
I! '!)+*&%3:-
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+&( !+ &$ $7*( $% &' &'( (++()&! )$!&$) $% !( ( &$ )((*. I) !)
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$&'( &'!) BFBOF $ $*%); S&((. 6'( E++! S&(( !)* +!& I)*%+&(+
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+&(( $*%&$) ! ) &'( $%)& &'( ;$% $*%(+ $+& $ &'( !& +&(( $*%&+ )
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&'( $%)& )%*); H$& R$(*, C$* R$(* !)* /!7!)=(* S&((. T'( !:$+ !+$
$*%( ! +! $$&$) $ $); $*%&+ !)* $&'( +(! S&(( #(); $*%(* )
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A+& T9$ C?/!3:
T9$ G%+/:
)*! O;!)=!&$), +(& % ) 19J0 # &'( +&(( 7+$)! M. O.P. )*!, '!+
;$) $ !) )*;()$%+ +);(-%)& +&(( !)& ) H+!, H!!)! &$ &'( (+()&
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+& (!)*);, )&(;!&);, !!;!!&); !)* ;$);.
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T'( )*! O;!)=!&$) &$*! + ! ;$#! !(. I&+ (()&(++
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&'!& &'( $* !))$& (7() &') !#$%&. T$*! ( !( &'( !;(+& )&(;!&(* +&!)(++
+&(( $*%( ) I)*!, &$$$ ( %( &'( $*.
)*! S&!)(++ + ! ISO 9001 > ISO 14001 $!) + &'( !;+'
$!) $ &'( )*! O;!)=!&$). T'( $!) &$*! '!+ $( ! $); ! $ !
+);( !&$ (+&!#+'()&, +&!&(* ) 19J0. A+ &'( )%($%+)(++ & '!+ &!() $) &'(
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H'*% P7!& I!)'
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&'( !)%!&%( $ S&!)(++ S&(( S!#+, B$$+, H$& $(* !)* C$* R$(* C$+,
?0 $ '' !( ($&(* $**(.
SUBSIDIARY COMPANIES OF JINDAL GROUP:T9$ ,?/!3 9* *' *+*')'%'$* !?$73:
)*! S&!)(++ UK LTD, )*! +&!)(++ FE, D%#!,
PT. )*! +&!)(++ I)*$)(+!,
)*! +&!)(++ +&(( ! L&*,
)*! A'&(&%( &*. !)*
A%+&()& C(!&$)+ 7!&( &*.
JINDAL STAINLESS UK LIMITED:
/$#! +&(( + ((()); ;$&' $7( !+& 2-3 + !&( ! $); ($* $
;$#! *(!)* +&!;)!) .) $*( &$ *7(+ &+ #%+)(++ + (!)*+ &+ ;$#!
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(+()( !)* *(7($ )( !(& $ &+ $*%&+, ! +%#+*! $!) !+ +(& % )
UK. )*! +&!)(++ UK &* $%* !& !+ !)$*! $)& !)* $%* '( ) +(7);
!(&+ ( I&!, R%++! !)* $&'( E%$(!) $%)&(+.
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#%+)(++ $$&%)&(+ ) &'( ()&( E%$(!) (;$). T'+ +%#+*! $!) $%*
!+$ !& !+ ! '$*); $!), '' ! %&'( (&()* &+ !+ &$ $&'( !(&+
( I&! !)* R%++!.
JINDAL STAINLESS FE DUBAI:
)*! +&!)(++ (= $%* !& !+ ! &!*); '%# !)* $%* +(7( !(&+ (
A!, S);!$( !)*- M**( E!+&. O&'( &'!) #(); ! !:$ ;$#! &!*); ()&(,
M**( E!+& + !+& ((;); !+ ! )!)! '%# !)* + !+$ $+(* $ (&()+7(
;$&' ) !)%!&%); +(&$ *%( &$ &+ +;)!)& )!)! (+$%(+.
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#%+)(++ $$&%)&(+. T'+ +%#+*! $!) $%* !+$ !& !+ ! '$*);
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AUS !)* 4 ) )( &' $*%& !7!!#& !)* %+&$( (
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!:$ ($& (+ ) !(&+ $ ')!, (&)!, P')(+ !)* K$(!. D%); &'(
(! 05-0?, &'( +!(+ 7$%( !+ 45594 MT !$%)&); &$ +!(+ $ IDR ?2?.8 #$)
JINDAL STAINLESS STELWAY LTD:
)*! +&!)(++ S&((!&* ++" &'( +& +(7( ()&( $ +&!)(++ +&(( ) I)*!
'' !+ $++$)(* $) 1+& %, 2005 (!& !+ ( $:(& +'(*%(
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!)%!&%( ) &'( $%)& !)* &'( (7( ;$); +&!)(++ +&(( $)+%(+, &'(
$#:(&7(
S&'!7$** I!!&'! A;%)*:
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( # &!); ! 3?0 *(;((+ !$!' $
P$*%&$) $ ! !&(!+ &$ +% $ !'&(&%( !)* (+&( (!&(*
$*%&+ M((&); &'+ 7( $#:(&7(, !( ! !)* !& * ) $ $$&(* # )*!
S&!)(++, %) $$&); !!&$)+ $ S&!)(++ S&(( ) (7(
$)(7!#( (!&7( $++#&(+ !( $%+(+ $) !!&$) $ S&!)(++ S&((
$*%&+ !)* &(')$$; +$%&$)+ !$++ !'&(&%(.
B%*); !)* $)+&%&$) +(;()&+ !( )7$7(* ) %#!) *(7($()& !)*
!); 7(+!&( %+( $ S&!)(++ S&(( !& * ) $ '!+ $7(* &$ #( ! $)(( ) &'(
!)%!&%( $ (% (+&( $*%&+ ) +&!)(++ +&((, #(!); )( ;$%)*+
&' &+ ))$7!&$)+ .
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!)* $*%& ))$7!&$) ) +&!)(++ +&(( !& &'( (+&;$%+ N!&$)! I)+&&%&( $
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D(+;), A'(*!#!*, &$ ()$%!;( ))$7!&$) !)* (!&7( !!&$)+ $ +&!)(++
+&((, ) *(+;) (* $*%&+.
S&!)(++ S&(( + !) (+&!#+'(* !&(! ) )&()!&$)! *(+;). I&+ $)&($!,
+&+' (& &+ )(%&! $$ + ;!)); ()+( $%!& !$); ! )*+ $ %+(+ !)*
&$+ !+ ! !&(! $ '$( $ &+ ((()& #()*); !#& &' !) $&'( !&(!,
7=. ;!++, (!+, $$* $ (!&'(.
T'( !&(! '!+ #(() $7*); ;(!& $$&%)&(+ !)* )+!&$) &$ ;()(!&$)+ $
*(+;)(+. T$*! &+ %+( + #(); &!() &$ )( (7(+ $ ((++$) !)* &(')!
+$'+&!&$).
S&!)(++ I))$7!&$) A!*+ + ! &(+&!()& $ $% $)&)%(* +%$& &$ &'( *(+;)
!&()&.
T$ (( ()$%!;); (!&7& ) &'( %+!;( $ &'( !&(!, )*! S&!)(++ $;!)=(*
&'( $%&' (*&$) $ T'( S&!)(++ I))$7!&$) A!*+ &$ (!* ((()( ) %+(
$ +&!)(++ +&((. T'( A!*+ (( '(* $) 10&' M!', 200J ) N( D('.
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CHAPTER 2LITERATURE REVIEW
20
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LITERATURE REIEW
A &(!&%( (7( + &'( ((&7( (7!%!&$) $ +((&(* *$%()&+ $) !
(+(!' &$. A (7( ! $ !) (++()&! !& $ &'( (+(!' $(++ $ !
$)+&&%&( ! (+(!' $:(& ) &+(.
A &(!&%( (7( + !) !$%)& $ '!& '!+ #(() %#+'(* $) ! &$ #
!(*&(* +'$!+ !)* (+(!'(+. O!+$)! $% #( !+(* &$ &( $)( !+ !
+(!!&( !++;)()& #%& $( $&() & + !& $ &'( )&$*%&$) &$ !) (++!, (+(!'
($&, $ &'(++. I) &); &'( &(!&%( (7(, $% %$+( + &$ $)7( &$ $%
(!*( '!& )$(*;( !)* *(!+ '!7( #(() (+&!#+'(* $) ! &$, !)* '!& &'(
+&();&'+ !)* (!)(++(+ !(. A+ ! (( $ &);, &'( &(!&%( (7( %+& #(
*()(* # ! ;%*); $)(& (.;., $% (+(!' $#:(&7(, &'( $#( $ ++%( $%
!( *+%++);, $ $% !;%()&!&7( &'(++". I& + )$& :%+& ! *(+&7( +& $ &'(
!&(! !7!!#(, $ ! +(& $ +%!(+
I) &'( $)&(& $ ! (+(!' !( $ &'(++ &'( &(!&%( (7( + ! &! +)&'(++
$ (7$%+ (+(!'. T'( (7!%!&$) $ &'( &(!&%( (!*+ $;! &$ &'( (+(!'
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D+$7(); $&!)& 7!!#(+ ((7!)& &$ &'( &$
I*()&); (!&$)+'+ #(&(() *(!+ !)* !&(
E+&!#+'); &'( $)&(& $ &'( &$ $ $#(
E)'!)); !)* !
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CHAPTER-3RESE RCH METHODOLOGY
23
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OBJECTIES OF THE STUDY:
PRIMARY OBJECTIE
T$ !)!=( &'( )!)! +&!&(()&+ $ J'!)7 S&$$75
SECONDARY OBJECTIES
T$ )$ &'( (! $&' $ JINDAL STEEL5
T$ )$ &'( )!)! $+&$) $ JINDAL STEEL5
T$ )$ &'( )!)! +&();&' > (!)(++(+ $ JINDAL STEEL5
T$ )$ &'( $( $ )!)! +&!&(()&+ ) !) $;!)=!&$).
RESEARCH METHODOLOGY
R$*$%,9 M$&9)783+ &'( ++&(!&, &'($(&! !)!++ $ &'( (&'$*+
!(* &$ ! (* $ +&%*, $ &'( &'($(&! !)!++ $ &'( #$* $ (&'$*+ !)*
)(+ !++$!&(* &' ! #!)' $ )$(*;(. I&, &!, ()$!++(+ $)(&+
+%' !+ !!*;, &'($(&! $*(, '!+(+ !)*
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MEANING OF RESEARCH:
R(+(!' + *()(* !+ &'( (!&$) $ )( )$(*;( !)*$ &'( %+( $
(+&); )$(*;( ) ! )( !)* (!&7( ! +$ !+ &$ ;()(!&( )( $)(&+,
(&'$*$$;(+ !)* %)*(+&!)*);+. T'+ $%* )%*( +)&'(++ !)* !)!++ $
(7$%+ (+(!' &$ &'( (&()& &'!& & (!*+ &$ )( !)* (!&7( $%&$(+.
T'+ *()&$) $ (+(!' + $)++&()& &' ! #$!* )$&$) $ (+(!' !)*
((()&! *(7($()& R>D" !+ $+); $ (!&7( $ %)*(&!() $) !
++&(!& #!++ ) $*( &$ )(!+( &'( +&$ $ )$(*;(, )%*); )$(*;( $
'%!)&, %&%( !)* +$(&, !)* &'( %+( $ &'+ +&$ $ )$(*;( &$ *(7+( )(
!!&$)+.T'+ *()&$) $ (+(!' ()$!++(+ %( !)* +&!&(; #!+ (+(!',
!(* (+(!' !)* ((()&! *(7($()&. A(* (+(!' + $;)!
)7(+&;!&$) %)*(&!() &$ !
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RESEARCH PROBLEM:
I) (+(!' $(++, &'( +& > $($+& +&( + &'!& $ +((&); !)* $(
*()); ! (+(!' $#(.
A (+(!' $#( + !) ++%( $ ! $)() &'!& !) )7(+&;!&$ (+()&+ !)*:%+&(+ ) ! (+(!' +&%*. A (+(!' %+& )* &'( $#( !)* $%!&( & +$ &'!&
& #($(+ +%+(( &$ (+(!'. T'( (+()& $:(& '!+ #(() %)*(&!() &$ *$ &'(
)!)! !)!++
RESEARCH DESIGN:
A (+(!' *(+;) + %( > + &'( !($ $ !) $ ! +&%* &'!&
;%*(+ &'( $(&$) > !)!++ $ *!&!.
R(+(!' *(+;) + ! +&!&(()& $ +(!&$) $ $(*%(+ $ $(&); !)*
!)!=); &'( )$!&$) ( !)!++ $ *!&! ) ! !))(&'!& !+ &$ $#)( ((7!)( &$ &'( (+(!' %$+( &' ($)$ ) $(*%(.
R(+(!' *(+;) !) #( $ $$); &(+
E/7%&%3 %$*$%,9
I& ;()(! ('!+=(+ $) *+$7( $ *(!+ > )+;'&+ !)* '(+ &$ &')
#($)* &!&$).
D$*,%'/&'$ %$*$%,9
I& + $)()(* &' *(&()); &'( ( ((& (!&$)+'.
I! &9'* %$*$%,9 I 9$ +*$) $/7%&%3 %$*$%,9 )$*'8!5
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DATA COLLECTION METHOD:
O)( &'( +!( '!+ #(() '$+(), &'( &( $ )$!&$) &$ #( +$%;'& + *(*(*
&'((%$). T'( )(& +&( + &$ $(& &'( *!&!, !+ &'( *!&! $(&(* + &'( #!+( $ '!&
( !) &$ )* $%&, '$(7( &'( ((7!)& !( +'$%* #( &!() ) (&'$*+ $$(&$) $ *!&! )7$7(* +$ &'!& &'( ($+ !( )=(*. T'( !&$+ $
!7!!#& $ &(, $+& > '%!) )7$7(()& ! !(& &'( (!#& $ &'( *!&!
$(&(*.
B%)73 &9$%$ %$ &; &3/$* ( )&:
P%'?%3 )&
S$,!)%3 )&
P%'?%3 )&
P! *!&! + *!&! &'!& + $;)! !)* '!+ )(7( #(() %#+'(* #($(. I& + $#&!)(*
&'$%;' (!)+ $ +%7(+, $#+(7!&$) $ ((()&!&$) !)* (+(!'.
P! *!&! + &'( ! )$!&$) #($( &'( $(++); + *$)(. I& !) $)++&+
$ )%(! $(&$)+ $ ! )$!&$) &$ #( !)!+(* !)* (7!%!&(*. T'( &(
! *!&! ! +$(&(+ #( %+(* &$ (( &$ +&-'!)* )$!&$).
I) &'+ $:(& ($& &'( (+(!'( %+(* ! *!&! $(&$) # %+); $#+(7!&$)
(&'$*.
S$,!)%3 )&:
S$,!)%3 *!&! + *!&! $(&(* # +$($)( $&'( &'!) &'( %+(. C$$) +$%(+ $
+($)*! *!&! $ +$! +()( )%*( ()+%+(+, $;!)=!&$)! ($*+ !)* *!&!
$(&(* &'$%;'
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A+ + &'( !+( ) ! (+(!', +($)*! *!&! !) #( $#&!)(* $ &$ *(()&
(+(!' +&!)*+
+!&'&&'$:C()+%+, '$%+);, +$! +(%& !+ ( !+ ((&$! +&!&+&+
!)* $&'( (!&(* *!&!#!+(+.
+7'&&'$:S(-+&%&%(* !)* +&%&%(* )&(7(+, $%+
;$%+ &!)+&+, (* )$&(+, $#+(7!&$) ($*+ !)* $&'( (+$)!, (+(!'-
(!&(* *$%()&+.
A (! #()(& $ %+); +($)*! *!&! + &'!& %' $ &'( #!;$%)* $
)((*(* '!+ !(!* #(() !(* $%&, $ (!( &(!&%( (7(+, !+(
+&%*(+ ;'& '!7( #(() !(* $%&, %#+'(* &(&+ !)* +&!&+&+ $%* '!7( #(()!(!* %+(* (+('((, (*! $$&$) !)* (+$)! $)&!&+ '!7( !+$ #(()
%&=(*.
T'+ (!&' $ #!;$%)* $ (!)+ &'!& +($)*! *!&! ;()(! '!7( ! (-
(+&!#+'(* *(;(( $ 7!*& !)* (!#& '' )((* )$& #( (-(!)(* # &'(
(+(!'( '$ + (-%+); +%' *!&!.
F%&'($(, +($)*! *!&! !) !+$ #( '(% ) &'( (+(!' *(+;) $ +%#+(
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LIMITATIONS OF THE PROJECT:
N$ +&%* !) #( ! ((& $)(, +$ + )(. Y(& &'(( !!+ %+( &$ (+()& +$(
&!&$)+ %)*( '' (+(!'( '!7( &$ $, +$ +& &'(( ! #( +$( )'(()&&!&$)+ ) &'( +&%*. F$$); !( +$( $ &'( !:$ &!&$)+ $ &'+ +&%* &'!&
I $#+(7(*
T'( !:$ $#( ) (+(!' +&%* + 7!*!&$) $ *!&! #!+(* $) &'(
((&$))$(*;( $ ($((+, !+ &'+ !+ ! )( &'); $ +$( $
&'(.
T'(( ! #( !+%! !$!' $ ($((+ ) (+$)*);.
C%()& (! *!&! !+ )$& !7!!#( $ &'( !)!++.
D%& ) $!+$).
I!& $ )!&$).
C$)(&%! *7(+&.
L! $ )$(*;( !)* ((()(.
P$#( $ )*$ *(++);.
D%& &$ %)*(+&!)* )$!&$) $7*(* ) !))%! ($&+.
T( $)+&!)&.
29
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CHAPTER-4ANALYSIS
INTERPRETATION
30
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ANALYSIS INTERPRETATION
T'( )!)! !*)+&!&$ %+& ($;)=( &'!& (7( )!)! *(+$) '(
!(+ &' )%()(, ) ! 7( (! !. T'( *(+$)+ '( !( +%#+(
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FINANCIAL STATEMENTS:
T'( )!)! +&!&(()&+ !( &'( ()* $*%& $ )!)! !$%)&); $(++. T'(
)!)! +&!&(()&+ !( )$&'); #%& &'( )!)! )$!&$) (+()&(* ) ! $)+(
!)* !+%( $, !)* &'( )!)! )$!&$) + &'( )$!&$) (!&); &$ &'(
)!)! $+&$) $ &'( .
T'( )!)! +&!&(()&+ !( &'( *(&$) $ &'( )!)! $+&$) $ &'( . T'(
)!)! +&!&(()&+ !( (!(* # &'( *%( &$ &'( $$); (!+$)+
T$ $%)!&( &' *(()& !&(+ !#$%& &'( )!)! $+&$) $ &'(
T$ !)!=( &'( $(!&$)+ !)* ($!)( $ &'( $ %&%( !)));.
E7( #; $ +!, (!( &'( $$); )!)! +&!&(()&+
T$ )$ ! + )!)! $+&$)
T$ '( &'( P$&+ !)* L$++(+ $ &'(
O&'( &$ ( )!)! +&!&(()&+ '' !( %+%! (!(* # $$!&( +
!(
S&!&(()& $ A$!&$) $ P$&.
S&!&(()& $ '!);(+ ) )!)! $+&$).
32
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BALANCE SHEET:
T'( #!!)( +'((& + (;!*(* !+ &'( $+& +;)!)& !)* #!+ )!)!
+&!&(()& $ !) . T'( #!!)( +'((& + (!(* # ! &$ (+()& ! +%!
$ )!)! $+&$) !& ! ;7() $)& $ &(, %+%! !& &'( ()* $ &'( )!)! (!. I&
(+()&+ &'(- A++(&+ $ &'( .(. &'( (+$%( $ &'( ", ------- &'( L!#&(+ $
&'( .(. &'( $#;!&$)+ $ &'( &$!*+ $%&+*(+" !)* &'( C$)%&$) $
&'( $)(+ $ &'( .(.!&!".
PROFORMA BALANCE SHEET AS PER COMPANIES ACT 1"=G
B!!)1( S'((& $9 QQQQQQQQQQQ..
!+ $)QQQQQQQ.
L!#&(+ A$%)& A++(&+ A$%)&
S'!( !&! F(* A++(&+
R(+(7(+ > +%%+ L(++ *((!&$)
S(%(* $!)+ )7(+&()&+
U)+(%(* $!)+ C%()& !++(&+
C%()& L!#&(+ L$!)+ > A*7!)(+
P$7+$) M+. E()*&%(
33
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INCOME STATEMENT
T'( )$( +&!&(()&, !+$ )$) !+ &'( $& > $++ !, +%!=(+ &'( (7()%(+
!)* (()+(+ $ &'( $ !) !$%)&); ($*. I& ;7(+ ! *(&! $ +$%( $
)$( !)* (()+(+ !)* &'%+ & $7*(+ &'( +%! $ &'( $(!&); (+%&+ $ &'(
$ ! +( ($*. I !&'(+ &'( (7()%(, !)* +'$+ &'( *(()( #(&(()
&'( &$ !+ &'( )(& $& !)* )(& $++ )%(* *%); &'( ($*. T'( )$( +&!&(()&
*(&+ &'(. E!)); !!& $ &'( ) &(+ $ )(& $&.
PRO FORMA INCOME STATEMENT
I)$( +&!&(()& $ (! ()*);.
P!&%!+ A$%)& P!&%!+ A$%)&
T$ $+& $ ;$$*+ +$* B +!(+
T$ /()(! (!)+( B O&'( )$(
T$ *((!&$)
T$ )!)! '!;( # +(& $++ #!.
;%("
T$ )$) $(!&); (()+(
T$ $7+$) $ &!
T$ )(& $& #!. F;%("
34
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ANALYSIS OF FINANCIAL STATEMENTS .AFS6
AFS ((+ &$ &'( $(++ $ &! (!)!&$) $ )!)! )$!&$)
$)&!)(* ) &'( )!)! +&!&(()&+ ) $*( &$ %)*(+&!)* !)* !( *(+$)+
(;!*); &'( $(!&$)+ $ &'( . T'( AFS + #!+! ! +&%* $ (!&$)+'
!$); 7!$%+ )!)! !&+ !)* ;%(+ !+ ;7() ) &'( +(& $ )!)! +&!&(()&+.
T'+ $(++ $ *++(&$), (+&!#+'); (!&$)+' !)* )&((&!&$) &'(($ &$
%)*(+&!)* &'( $); !)* )!)! $+&$) $ &'( + !(* A)!++ $
F)!)! S&!&(()&+. T'%+, AFS + &'( $(++ $ (+&!#+'); !)* *()&); &'(
)!)! +&();&'+ !)* (!)(++(+ $ &'( .
O$,&'$* ( &9$ AFS
T'( $#:(&7(+ $ AFS !) #( *()&(* !+ -
T$ !(++ &'( (+()& $&!#& !)* $(!&); (() $ &'( !+ ! '$(
!+ ( !+ *(()& *(!&()&+.
T$ )* $%& &'( (!&7( $&!)( $ *(()& $$)()&+ $ &'( )!)!
$+&$) $ &'( .
T$ *()& &'( (!+$)+ $ &'( '!);(+ ) $&!#& $ &'( , !)*
T$ !(++ &'( +'$& &( !+ ( !+ $); &(
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D!); $)%+$)+.
T$ +%;;(+& !&$)+ !+ ! ((* &$ (& &'( +&%!&$) $ &$ #( '(% ) %&%(
)!)! !)));.
T$,9!'+$* % &7* ( AFS
A+ !(!* +!* &'!& *(()& (+$)+ !) %)*(&!( &'( AFS $ *(()& %$+(.
T'( $$) &(')
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F'!!,'7 R&' A!73*'*
F)!)! !&$ !)!++ + &'( !%!&$) !)* $!+$) $ !&$+, '' !(
*(7(* $ &'( )$!&$) ) ! $!)+ )!)! +&!&(()&+. T'( (7( !)*
'+&$! &()*+ $ &'(+( !&$+ !) #( %+(* &$ !( )(()(+ !#$%& ! $!)+
)!)! $)*&$), &+ $(!&$)+ !)* !&&!&7()(++ !+ !) )7(+&()&.
F)!)! !&$+ !( !%!&(* $ $)( $ $( ((+ $ )$!&$) $ !
$!)+ )!)! +&!&(()&+. F$ (!(, &'( ;$++ !;) + &'( ;$++ $&
$ $(!&$)+ *7*(* # &'( &$&! +!(+ $ (7()%(+ $ ! $!), ((++(* )
(()&!;( &(+. I) +$!&$), ! )!)! !&$ + ! %+((++ (( $ )$!&$). I)
$)&(&, '$(7(, ! )!)! !&$ !) ;7( ! )!)! !)!+& !) ((()& &%( $
! $!)+ +&%!&$) !)* &'( &()*+ &'!& !( *(7($);.
A !&$ ;!)+ %&& # $!+$) &$ $&'( *!&! !)* +&!)*!*+. T!); $%
(!(, ! ;$++ $& !;) $ ! $!) $ 25 + (!));(++ # &+(. I (
)$ &'!& &'+ $!)+ $(&&$+ '!7( $& !;)+ $ 1000, ( )$ &'!& & +
$( $&!#( &'!) &+ )*%+& ((+, '' +
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E!)); ! ! $!)+ $&!#& !&$+ $7( (++ &'!) ! %
$$*& $ #%+)(++ ( $%* ! &$ ;7( !) !%!&( $);-&( (!+%( $
$&!#&. U+); '+&$! *!&! )*(()*()& $ %)*!()&! '!);(+ ) $!)+
+&%!&$) $ $+(&+ $%* (*& 7( &&( !#$%& %&%( &()*+. F$ (!(, &'(
'+&$! !&$+ $ ! $!) &'!&-'!+ %)*(;$)( ! (;( $ '!* ! +%#+&!)&7(
'!);( ) &+ &(')$$; $ !(& $+&$) $%* &( 7( &&( !#$%& &'( $+(&+
$ &'+ $!).
C(*& !)!+&+, &'$+( )&((&); &'( )!)! !&$+ $ &'( $+(&+ $ !
()*(, $%+ $) &'( *$)+*( + +)( &'( ;!) )$)( $ &'( %+*( $ !)
$7(()& ) $(!&$)+. T'( ! ;(!& !&&()&$) &$
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T3/$* 0( ('!-!,'-7 R-&'0*:
L$$%8$ R&'*
I!$*&?$!& 7+&'! R&'*
D$& C$%8$ R&'*
P%('&'7'&3 R&'*
S7$!,3 R&'*
M!8$?$!& E((','$!,3 R&'*
C*9 F7; I!)',&% R&'*
39
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DATA ANALYSIS
6!+ &$ $7*( ';' %+&$=(* $*%& !)* +(7(+ ) $*( &$ (!' $%& ! !;(
)%#( $ %+&$(+ &' *7(+( (
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CURRENT RATIO:
.I! C%%$*56
CURRENT RATIO
YEAR 2010-11 2011-12 2012-1
C5A5 2512.52 1J?2.J3 48J8.1?
C5L5 3J91.2J 58?8.89 4988.13
C+%%$!& R&' 0.J9 0.?9 0.J?
2512.52
3J91.2J
1J?2.J3
58?8.89
48J8.1?4988.13
0
1000
2000
3000
4000
5000
?000
2010-11 2011-12 2012-13
CURRENT RATIO
C.A.
C.L.
INTERPRETATION:
/()(! 2 1 + $)+*((* !+ &'( #(+& ;%( #%& &'( $!) $7( &'( (!+ $ '!7(
!&$ (++ &'!) +&!)*!*, 0.??, 0.30, 0.9J. H()( &'(
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) $(+"
C*9 R&'
3$% 2010-11 2011-12 2012-1
C*9 3J.45 30.94 3?.JJ
C5L5 3J91.2J 58?8.89 4988.13C*9 R&' 0.0091 0.0051 0.00J1
0
1000
2000
3000
4000
5000
?000
2010-11 2011-12 2012-13
C-*9 R-&'0
C!+'
C.L.
INTERPRETATION: /()(! ! !+' !&$ $ (*% )!&%( + $)+*((*
;$$*. B%& &'( $!) '!* +'$) $$ !+' !&$ ) 2011 '' '!+ $7(* )
2012. H()( &'( $!) $%* '!7( $#(+ ) !); %()& !#&.
D$& A**$& %&':
) $(+"
LEERA/E RATIO
Y$% 2010-11 2011-12 2012-1
42
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T&7 D$& 12114.?J 143J2.4? 19500.94
T&7 A**$&* 20804.01 2521J.8J 31849.01
D$&5 R&' 1.39 1.33 1.58
0.54
0.55
0.5?
0.5J
0.58
0.59
0.?
0.?1
0.?2
2012-13 2011-12 2010-11
D(#& A++(& R!&$
INTERPRETATION:
T'( C$!) '!+ ! 7( ';' *(#& !&$ '' +!+ &'!& &'( $!) '!+ ';'
)!)! +, '' + %&!&(, #(!* # &'( )7(+&$+ !)* &'%+ $%* &'( !;( #(
+(() $ &'( %()& +&!&+&+.
43
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GROSS PROFIT RATIO:
) $(+"
GROSS PROFIT RATIO
YEAR 2011-12 2012-13
/ROSS PROFIT 424?.9J 409J.J3
NET SALES 1328?.49 14954.J0
/.P. RATIO 24.04 19.32
0
2000
4000
?000
8000
10000
12000
14000
1?000
2011-12 2012-13
/ROSS PROFIT NET SALES
INTERPRETATION:
T'( (()&!;( $ P$&+ $ &'( $!) '!+ *((!+(* !+ $!(* &$ &'(
(! 2011-12, #%& &'( S!(+ '!7( !+$ #(() )(!+(*.
E>PENSES RATIO:
) $(+"
44
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E>PENSES RATIO
YEAR 2011-12 2012-13
T$&! E()+(+ 111?4.45 9?50.J0
NET SALES 1328?.49 14954.J0
E@P. RATIO 10.J5 10.84
111?4.45
9?50.J
1328?.49
14954.J
0
2000
4000
?000
8000
10000
12000
14000
1?000
2011-12 2012-13
T$&! (()+(+ NET SALES
INTERPRETATION:&'( $!) $7( &'( !+& &$ (!+ '!+ +'$) ! *()(
) !*)+&!&7( (()+(+ *%( &$ ';' &%) $7( !)* +!(+. T'+ '!+ '((* &'(
$!) &$ (!) +$( ;$++ $&.
45
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COMPARITIBE BALANCE SHEET
4?
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4J
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COMPARITIBE PROFIT LOSS A@C
48
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SWOT ANALYSIS OF JINDAL STEEL PLANT .ORISSA6
STRENGTH
L!;(+& !$); &'( )&(;!&(* +&(( !( ) I)*!, &'%+ $7*); ';' #!)*
)!( !)* (!+ !(&);.
C$+& (()(+
C!&7( $( ;()(!&$)
E$)$(+ $ +!( *%( &$ (&); !!&
L$ !# $% $+&
H;' *(!)* $ +&(( ) )&()!&$)! !(&.
F!&!&(+ &$ $7*( 7!$%+ +'!(+ >
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L; 7+% /%)+,&''&3:
I)*!) !#$% $*%&7& J5 &$100
T!) & (!+. SAIL,TISCO"
I)&()!&$)! !#$% $*%&7& 1000 &$13?5 &!) (!+.POSCO, NIPPON"
L! $ (()*&%( ) R>D *(&.
D(! ) !#+$&$) $ )( &(')$$;(+.
H;' (7( $ &!!&$).
H;' &!)+$&!&$) '!;(+.
H;' !&! #$ ) $)+&%&$) '!+(. H;' ;(!);.
O//%&+!'&'$*
H;' !(& $ +&!)(++ +&(( ) )&()!&$)! !(&
O(!&$)+ !) ;(!& ()'!)( &+ +%&(.
P(+()& $ $& *%& +&%&%(.
I)(!+); ( !&! $)+%&$) $ +&!)(++ +&(( ) I)*!.
S$( $ 7$%( ;$&' ) 300400 +((+ $ +&!)(++ +&((.
I)&()!&$)!
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T9%$&*
B; ;$#! !(+ ( TATA, SAIL !)* )&$*%&$) $ POSCO !)* ARCELOR
MITTAL ) I)*!) +&(( )*%+&.
O(!&$)! (+ +()+&7( &$ ;$#! (+ $ NICKEL, ALLUMINIUM >$&'(
+&(( )*%+&.
C'!);( ) ;$7&. $ ) *%& $&(&$) $ CRSS, '' '!7( !*7(+(
((& $) ); $ $ $++.
H;' &(')$$;! '!);(+.
C'!);); +&!&(;(+ $ &%) !$%)*.
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CHAPTER 5FINDINGS SUGGESTIONS
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RATIO FINDINGS:
T'( !+' $+&$) $ &'( $!) '!+ $7(* ) %()& !&$.
T'( (7(!;( !&$ $ &'( $!) + )$& !& ! ;$$*.
T'( $& !&$ + !+$ $$.
T'( ADM> +(); ( !&$ > &%)$7( !&$ + $7);.
GENERAL FINDINGS:
S&!&); $ &'( +& +(&$) $ #!!)( +'((& $ )*! S&!)(++, !:% O++!
$:(&" &'( $!) '!+ )$& ++%(* !) +'!( !&! $ *(#()&%( '' +'$+ &'!&
&'( $!) + ';' (7((*.
A &'( !&$+ $ &'( $!) +'$+ )(;!&7( ;%( $ #($ +&!)*!* ;%( !+ &'((
!( ';'. E()+(+ )%(* $) !)%!&%); !)* $)+&%&$) !& $ !)&
CAUSES:
H;' !#$% &%)$7(.
L$ !;( !&(
L(++ !#$% $()&(* #()(&+
N$ +(%& $) :$# !&$ !+ &'( $(+ $); !( +& &($! 2$ $(
+ $ :$#".
H;' $+& $ ! !&(!, +( )+'(* !&(! *%( &$ ';' %'!+( $ )(! #
!)&+ !)* $ )(+ !& ';' !&(+. H;' !$%)& $ )+'(* ;$$*+ ) $+); +&$
+$ &'( !&! #$ $ %)*+ + ';' !)* +'$+ $ !$%)& $ )7()&$ &%)$7(.
C%()& ';' !$%)& $ $+& + )%(* ) $( !)* %(, !+ & $)+&&%&(+ !#$%&
53
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2J $ $( %+(* ) F($ '$( $*%&$) !+ &'( $( !)& $ SOOM6 + )$&
% $(!&$)!.
L! $( $)+&&%&(+ ';' !$%)& $ ! !&(! (
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FUTURE CHALLENGES
R; ?&$%'7*:
C$+&+ $ ! !&(!+ '!7( +() +'! ) 200? !)* !( +!* &$ +( ) 200J-08,
&$$.
S'$&!;( $
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SUGGESTIONS
T'( $!) +'$%* $$ ) $ C%&(& )!)! $+&$) !)* +'$%* )$ )7(+& &'(
!&! ) $*%&$) !)* $)+&%&$) !&'( &'!) ) %)*+. T'( $!) +'$%*
$7( &'( $ (7( !)* !!&(+ ) ($'$( !)& $ '' &'( $!)
+'$%* +&& $$ TGM !)* UST IN TIME.
T'( $!) +'$%* +$$) ;$ ) $ +'!(+ &$ (*%( &'( ';' (7(!;(.
A*)+&!&7( !)* !)%!&%); (()+(+ +'$%* #( '((* &'$$%;'.
T(')$$; !)* R>D *(!&()& +'$%* !!+ BE % &$ &'( &$(+ ) C$!)+
(+&%&%); P!+$ '!+ &'( &(')$$; '' '!+ (++ $)+&%&$), )+&!!&$)>
$*%&$) $+&. I.(. )$ #!+& %)!( >)$ $( $7()" T!)); > *(7($()&
*(!&()& +'$%* #( )+&!(* !+
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CHAPTER 6CONCLUSION
58
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CONCLUSION
T'( $!) '!+ ';' ;$&' $+(&+ !+ &'( *(!)* $ +&(( + +); !& ! (7( $
!#$7( 15
T9+* &9$
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+& &'( $!) '!+ )7(+&(* &'( $!)(* ';' !&( %)*+ ) %&%! %)*+. I& +'$+
+!$!&$) $ %)*+ ) &'( (!( +&!;( $ $:(& '' +'$%* !&%! #( %+(*
$ &'( !)& $)+&%&$). R! !&(! %+(* + )$& ) +&!)*!* $ +(& # $!),
&'( #
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BIBLIOGRAPHY
?1
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BIBLIOGRAPHY
INTERNET WEBSITE LINKS
.:+.$
.$*+&!)(++ +&((.$
.+&((.).)
BOOK AND NEWSPAPER
A))%! R($&+ .(.. 2009
!) > K'!), )!)! !)!;(()&
P!)*( I.M, F)!)! !)!;(()&
B%+)(++ 6$*
?2
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APPENDIXBALANCE SHEET
?3
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?4
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PROFIT LOSS A@C
?5
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??
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