A PROJECT REPORT ON A STUDY OF SURVEY OF TEN SHARE HOLDERS REGARDING UTILITY OF PUBLISHED ANNUAL REPORTS

SUBMITTED BY VINAYAK PRAKASH PAWAR M. COM -II ROLL NO.8915 UNDER THE GUIDANCE OF Dr. CHHAYA ABNAVE IN PARTIAL FULFILLMENT OF THE MASTER DEGREE OF COMMERCE TO THE UNIVERSITY OF PUNE THROUGH DEPT. OF COMMERCE SIR PARASHURAMBHAU COLLEGE OF ARTS, SCIENCE & COMMERCE TILAK ROAD, PUNE -411030

2008-09
S.P.MANDALI’S SIR PARASHURAMBHAU COLLEGE OF ARTS, SCIENCE & COMMERCE TILAK ROAD, PUNE -411030

CERTIFICATE
Date13/04/09

This is to certify that Mr. Vinayak Prakash Pawar. A student of M.com-II has completed his project work titled as

“SURVEY OF TEN SHARE HOLDERS REGARDING UTILITY OF PUBLISHED ANNUAL REPORTS”
A study has been completed as a part of requirement of the Pune university syllabus for the course. The work has been completed under my guidance & supervision. His work was found to be satisfactory & complete in all aspects.

DR. CHHAYA ABNAVE

PROF. ULHAS

KIWALKAR (Project guide) principal)

(Vice–

Internal Examiner Examiner

External

CERTIFICATE
(To whom it may concern) This is to certify that Mr. vinayak prakash pawar, a student of M. com II course visited to milind sangoram (C.A. tax consultant) on 2nd sept 2009 in connection with his project on a survey of ten shareholders regarding utility of published annual reports and collected necessary information. During his project period his work and conduct found to be satisfactory. Wishing his all success

Milind sangoram

ACKNOWLED GMENT
I have felling of satisfaction because I could complete my project work successfully .But there are many people behind this success. I want to say thanks to all people. First, I want to say thanks to my vice principal prof. ulhas.n. kiwalkar and project guide Dr. chhaya abnave for giving me valuable time and supervisor’s expertise. Only because of guidance given by

reliable. Project guide gave me proper direction for completing project. At any time my project guide was ready to solve any query.A] despite of his busy schedule he gave me proper direction for analyzing data. Vinayak parkask pawar .chhaya abnave I could complete my project work. I want to say thanks my family member for their active participation and financial help due to that only I could complete my project work.milind sangoram [C.Dr. with the help of data provided by them I could complete my project work. I am thankful to all my respondents for providing me valuable. neat data. I want to say thanks to Mr. Last but not least I want to thanks sagar printer’s for providing excellent and timely service relating to project typing and binding.

Introduction . 4.INDEX SR. CONTENTS INTRODUCTION . .Hypothesis .Definitions . 3.Aims and Objectives .Justification of selection .Assumptions .Organization of study REVIEW OF RELATED LITERATURE PAGE NO. .NO 1.Analysis and interpretation of common shareholders [Group A] -Analysis and interpretation of experts/ Professional shareholders[Group B] 5 RESULTS -Findings -Hypothesis testing -Recommendations -Scope for further study 6 BIBLIOGRAPHY 7 APPENDIX . . 2. ANALYSIS OF DATA .Limitations .

RESULTS 1) Findings 2) Hypothesis testing 3) Recommendations 4) Scope for further study .

2)100% Shareholder are unawares about contents of annual report. 5 Shareholder are not taking personal participating in investing procedure. . FINDING OF GROUP A (NONPROFESSIONAL) 1)20% Shareholder are reading Annual report.FINDINGS On the basis of analysis & interpretation researcher is in a position in pointing out important findings. all are depends upon share broker. 4All shareholders are interested in only higher return on investment. 3No one is interested in attending annual general meeting.

2)100%of Share Holder is aware of contents in annual report. 5) All shareholders taking personal participation in investment procedure. Though all shareholders invest their money with the help of share broker. 4) All share holder interested in appreciation of capital. HYPOTHESIS TESTING A research study may not be treated as complete unless hypothesis is put to test with known statistical producer & such test are carried testing hypothesis is an essential part of study because it . some time they are advising there friend in investment decision. 3)40% Share Holder are not interested in attending annual general meeting.FINDINGS OF GROUP B (PROFESSIONALS) 1)60% of Share Holder is reading annual report.

So they are not aware of content of it. electronic. TESTING TECHNIQUES Mathematical. HYPOTHESIS TESTING 1)Common shareholders are interested in contents of annual report. verification In this project researcher has tested his hypothesis using by verification technique. This hypotheses is rejected Because 80% common share holders are not reading annual report. 2)Common shareholders are taking part in important affairs of company. experimental.unable researcher to confidently examine the accuracy of their results. This hypothesis is rejected Because 100% common shareholders are not attending annual general meeting & they are not interested in appointment of director’s .

This is accepted. Because 100% share holders who are expert/ professional are reading annual report and know the content of annual reports.remuneration given to the auditors & directors. This hypothesis is accepted. 3)Common shareholders have utility of published annual report. This hypothesis is rejected Because 60% shareholder are not attending annual general meeting and not interested in appointment . This hypothesis is rejected Because 80% common shareholders are not reading & aware of annual reports. 2) Expert / professional shareholders have utility of published annual report. Because 100% shareholders reading annual reports & aware about contents 3) Expert is taking part in important affairs of company. EXPERT/PROFESSIONALS 1) An expert / professional shareholder are interested in content of annual report.

directors.and remuneration given to auditor . . 5) Practical knowledge relating share should be provided to student at under graduation level. CONCLUSION 1) Common shareholder is unaware about usefulness of annual report. 2) Time period for completion of project work should be more. 4) Stock exchange should arrange programmed for creating awareness within common shareholder. 3) University should provide more subjects for selection. RECOMMENDATION Research recommendation 1) For increasing reliability of finding more then 10 share holders should be surveyed.

. 3) Expert / professionals have the utility of published annual reports.an individual can never cover all aspect of research in his selected subject of research due to various limitation.2) Common shareholders are not taking personal participation in investment procedure. all shareholders are not interested in important affairs of the company. SCOPE FOR FURTHER STUDY Research is never ending activity . 1) Survey of 10 shareholders relating further opportunity available for making investment in company.scope of further study is pointed out. 2) Survey of 10 shareholders regarding importance of annual general meeting & working of annual general meeting.In any branch & it's sub-branch of knowledge carrying out research is possible . 4) Irrespective of category of shareholder. In some way there is ample scope for research in present subject selected for project work .

6) Survey of 10 financial institution regarding utility of published annual report of company. .3) Survey of 10 shareholders relating comparative study of performance of different companies in which they have invested money. 4) Survey of 10 preference shareholders regarding utility of published annual report of company. 7) Survey of 10 debenture holder regarding utility of published annual report of companies. 5) Survey of 10 creditors regarding utility of published annual report of company.

“research design is a process deliberate anticipation directed towards beginning an unexpected situation .economical & relevance manner .RESEARCH DESIGN Research design in simple words is plan of action .A plan for collecting & analysing data in efficient .The purpose of preparing research design either to test a hypothesis or to establish relationship between two or more variables . Research design indirectly makes it clear what observer has to make? How to make them? And to analyse them? DEFINATION “research design is the catalogue of the various & facts relating to fermolation of the research efferts.If refers to the Methodology used for conducting the research .

. 12) If help researcher to control error of the particular problem under study . 3) If help in drawing possible conclusion from statically analysis .under control.” Contents of research design 1) Title of investigation 2) Purpose of study 3) Critical of previous study 4) Survey & review of related literature 5) Statement of problem 6) Scope of research 7) Object of investigation 8) Indentification of variable 9) Formulation of hypothesis 10)Sampling 11)Data collection 12) Data processing 13) Analysis of defect 14) Drawing conclusion 15) Recommentaion 16) Summery of reports IMPORTANCE OF RESEARCH DESIGN 1)If help the investigation to obtain answer of question related to research .

community or people. There are four types of search design . 7) It helps to achieve optimum reliability. 1) Explorating or formative research design This type of research design is used when there is no sufficient information available about to the subject under study. 2) Descriptive Research Design The purpose of descriptive study is to describe accurately the characteristics of group. 5) It provide right direction to investigation 6) It help in minimizing wastage of time & money .4) It enables investigator in anticipation likely problem . 3) Diagnosing Research Design This is concerned with testing of hypothesis & specifying interpretaory relationship of the variable .

But there are many people behind this success.ACKNOWLEDGMENT I have felling of satisfaction because I could complete my project work successfully . .

Project guide gave me proper direction for completing project. I want to say thanks to Mr. First.chhaya abnave I could complete my project work. . At any time my project guide was ready to solve any query. with the help of data provided by them I could complete my project work. chhaya abnave for giving me valuable time and supervisor’s expertise.A] despite of his busy schedule he gave me proper direction for analyzing data. Last but not least I want to thanks sagar printer’s for providing excellent and timely service relating to project typing and binding. kiwalkar and project guide Dr.milind sangoram [C. I am thankful to all my respondents for providing me valuable. reliable.I want to say thanks to all people. neat data. Only because of guidance given by Dr. I want to say thanks my family member for their active participation and financial help due to that only I could complete my project work. I want to say thanks to my vice principal prof. ulhas.n.

com II course visited to milind sangoram (C. vinayak prakash pawar. During his project period his work and conduct found to be satisfactory. tax consultant) on 2nd sept 2009 in connection with his project on a survey of ten shareholders regarding utility of published annual reports and collected necessary information.Vinayak prakash pawar CERTIFICATE (To whom it may concern) This is to certify that Mr. Wishing his all success Milind sangoram . a student of M.A.

.

4.NO 1.Assumptions . 3. 2.Definitions . .Data collection . .Aims and Objectives .Hypothesis .Sample selection . .Limitations .SR.Introduction .Administration of instrument used ANALYSIS OF DATA . .Organization of study REVIEW OF RELATED LITERATURE RESEARCH DESIGN . CONTENTS INTRODUCTION .Justification of selection .Analysis and interpretation of common shareholders [Group A] -Analysis and interpretation of experts/ Professional shareholders[Group B] 5 RESULTS -Findings -Hypothesis testing -Recommendations -Scope for further study 6 BIBLIOGRAPHY 7 APPENDIX PAGE NO.

1) simple random sampling 2) cluster sampling NON-PROBABILITY SAMPLING In this sampling there is no assurance that each element has some specifiable chance of being included. . In this method this size of universe must be known to researcher . Important and frequently used sub-types of nonprobability sampling are 1) Purpose sampling 2) Quota sampling 3) Convenience sampling In this project work researcher has selected samples by using convenience method of sampling.INDEX IMPORTANT (MAIN TYPES OF SAMPLING) PROBABILITY SAMPLING In this sampling it is possible to state in advance the probability that any given unit will be included in the sample.Important sub types of probability samplings are.

this method of sampling is quick and economical.ten shareholder are sample for project work .the selection of sample is done according to some scientific rule and not according to rule of thumb.e. In this project ten shareholder are sampling units. sampling units are such units or member which constitute population . 30 SAMPLE Sample means a portion selected from population of specimen. Researcher has made two categories of sampling units. Category A – common shareholder Category B – expert/ professional shareholder Each category includes five shareholders these .elements or objects to be sampled are called as sampling unit. ten shareholders. i. Population means those people or things with the characteristics which researcher wants to study.CONVENIENCE METHOD In such sampling researcher selects respondents or cases that are easily accessible to researcher . In this project all shareholder population but due to limited time and convenience researcher has selected ten shareholder .

Collection of data is an essential part of research . there are two types of data following chart shows type of data and methods of collection of data 0100090000037800000002001c0000000000040000 0003010800050000000b0200000000050000000c02 3c0f900f040000002e0118001c000000fb021000070 000000000bc02000000000102022253797374656d0 . data are those things which are certainly known and from which conclusion may be drawn.categories are made to find out whether the attitude of shareholder changes towards annual report because of having knowledge of commerce and share market.the task of the study and the research design has been decided . DATA COLLECTION Data means facts.in order to measure properties a researcher must collect the units of analysis. The units of analysis so collected for observations and stud are known as the research data. After selecting the sample data which is required for project work was collected from them.

PRIMARY DATA These data are collected for first time.secondary data are information which has been collected by same organization to satisfy its own need but it is used by the department under reference for an entirely different reason .secondary data either be published or unpublished. But secondary data related to his subject is not available so secondary data is not collected.such data are .32 SECONDARY DATA The secondary data are those which have already been collected by some agency and which have already been proceed . such data is fresh and original in character .

2) INTERVIEW METHOD It means meeting for discussion or conference between researcher and sample selected . 3) CASE STUDY METHOD It is method of comprehensive study of social units .this is most primitive technique . It means taking general view of specific objectives for specific purpose survey method deals with a .published by authorities who themselves are responsible for their collection.data collected by this method is fair reliable and valid .the purpose of this method is to find out the determinants of behaviors pattern of given units survey method. METHOD OF COLLECTION OF PRIMARY DATA 1) OBSERVATION METHOD In this method the investigator collect the requisite information personally through observation .the important objective of this method is to collect information about unknown facts through face to face contact.

Questionnaires consist of number of question printed in definite order.representative sample of population. It seeks responses from the respondents. The question should be . Types of survey 1) primary survey 2) personal survey 3) official survey 4) repetitive survey 5) secondary survey 6) regular survey 7) non official survey 8) comprehensive survey Advantages of survey method 1) it help to study the problem deeply 2) it is considerably free from subject and bias 3) information collected through survey method is reliable 4) it is helpful in comparative study 4) QUESTIONNAIRES METHOD In this method information is collected with the help of questionnaires which is prepared exclusively for the specific purpose.

2) unstructured questionnaires It contents a set of question which aren’t structure in advance question in it permit a free response from respondents. 3) open end question it is used when attempts are made to search out new facts .accurate and clearly understood by the respondents so that the responses are accurate.it is prepared in advance and not on the spot during questioning method.here. In this respondents can write descriptive essay to express his view.question in it are definite and concrete question are presented with exactly the same wording and in the same order to all respondents . 4) close end question it is used when categorized data are required . Researcher has adopted survey method . the respondent has to choose the answer from set of given answer. VARIOUS TYPES OF QUESTIONNAIRES 1) Structured questionnaires It is pre determined for specific purpose .

Out of8 multiple question. 1 question is 5point question and remaining 7question are 3point question. ADMINISTRATION OF INSTRUMENT USED RESEARCHER HAS made structured question with the help of project guide there are 23 question and question is divided into 2 parts . Time period of 8 days was given to each respondent for completing the question.1 part includes general question which helpful in collecting information regarding profile of shareholder. In this way researcher kept . This questionnaire is given to each respondent through personal visit. Second part included question which are required for collecting actual information required for project work. There are 15 question in second part of questionnaire . All respondents gave question with in prescribe time limit.with the help of questionnaires for collecting data which is required for analysis.out of 15 question 4 question are open end question and remaining are closed end out of 11 question 3 question are binary question and 8 question are multiple choice question.

RESEARCH DESIGN .information collected through all respondents ready for further analysis and interpretation.

Sample selection .Data collection -Administration of instrument used ANALYSIS OF ..

DATA -Analysis and interpretation of common shareholders (Group A) -Analysis and interpretation of experts/ professional shareholders ( Group B) .

RESULTS -Findings -Hyothesis testing -Recommendations -Scope for futher study .

BIBLIOGRAPHY .

APPENDIX .

1 1.Write answer neatly 4.Name .Tick out appropriate option PART .A QUESTIONNAIRE ON Survey of ten shareholders regarding the utility of published annual report.Read all question 2. Instructions 1.Give answer of all question 3.

Phone no 5. 8.E-mail address 6 Name of company in which money is invested 7.Occupation 3.Address 4.2. Do you take investment decision on your own or with help of profession? c)Yes d) No . b) For getting advantage of capital appreciation. Why do you invest your money in share? a)For earning dividend.

A PART B 1.Do you get copy of published annual report of company in which you have invested your money? a)Yes b) No 2.If you are taking help of profession tick out the correct option from following. a)Share broker b)C.Do you read annual report? a) Always b) Frequently .

Tick out important content of annual report from your point of view? a) Director report b) Auditors report c) Financial report e) Notice of annual general meeting 4.Important items in balance sheet from your point of view? 5.Give reason why above items are important? .c) Occasionally d) Rarely e) Never 3.

6. do you take such remarks seriously? a) Always b) Sometime c) Never 9.In auditors reports if there are remarks of auditors .Do you read ratios? A) Yes .Which are important parts from director’s reports from your point of view? 7.Why you think above parts are important? 8.

b) No If yes which 10. auditors? a) Always .Do you attend annual meeting? a) Always b) Sometime c) Never 12.Do you read notice and agenda of annual general meeting? a) Always b) Sometime c) Never 11.Are you interested in appointment of and remuneration given to the directors.

Do you make comparison of performance of company on the basis of previous years and current years figures? a) Always b) Sometime c) Never 15.Do you think that annual publish report are helpful in taking investment decision in that company? a) Always b) Sometime c) Never 14.Do you suggest to your friends to invest in certain company in which you have invested? a) Always b) Sometime .b) Sometime c) Never 13.

c) Never .

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