ACKNOWLEDGEMENT

Research is an integral part of any Management based program

and for that purposes I had joined a company what else can be
as good as HCL Infosystems Ltd., India’s premier information
enabling company.
I take the opportunity to express my gratitude to all of them who
in some or other way helped me to accomplish this challenging
project in HCL Infosystems Ltd., no amount of written
expression is sufficient to show my deepest sense of gratitude to
them.
I am very thankful to Guide, Ms. Kaneez Masoom, HCL
Infosystems Ltd., Noida and very grateful to our HOD, Babu
Banarasi Das University, Lucknow for their everlasting
support and guidance on the ground of which I have acquired a
new field of knowledge. The course structure created for this
curriculum has benefitted with the inclusion of recent
development in the organizational and managerial aspects.
I express my sincere thanks to all the employees of HCL
Infosystems Ltd., for their kind co-operation during my summer
project.
I also acknowledge my thanks to the distributors of HCL
Infosystems who gave their full support in completion of this
project.
Lastly, I am thankful to all the member of HCL Infosystems
Ltd., Noida, which has given me valuable information in the
part of my project.

ANSHITA YADAV
B.Com(Hons.)
Roll No: 117067803
 CERTIFICATE

This is to certify that Anshita Yadav of B.Com(Hons.) of Babu

Banarasi Das University, Lucknow has completed his project
report on the topic of “ Financial Analysis of HCL”, under the
supervision of Dr. Aadesh Agarwal, Head of Department
B.Com(Hons.).
To best of my knowledge the report is original and has not been
copied or submitted anywhere else. It is an independent work
done by him

Dr. Aadesh Agrawal

Head of Department, B.Com(Hons.)
 PREFACE

As a part of B.Com (Hons.) Curriculum and in order to gain

practical knowledge in the field of management, we are required
to make a report on “Financial Analysis of HCL’’. The basic
objective behind doing this project report is to get knowledge
tools of different tools of marketing.

In this project report, we have included various concepts, effects

and implications regarding celebrity endorsement to the Bhart
Airtel.

Doing this project report helped us to enhance our knowledge

regarding the work in to the attitude of consumer towards
celebrity advertisement Vs non- celebrity we doing undergo
many experiences related with our topic concepts. Through this
report we come to know about importance of team work and
role of devotion towards the work.
 EXECUTIVE SUMMARY
The main purpose of this project is to analysis the financial
requirements of the company HCL, under a vertical or an
industry. This project gives us an idea about the financial
condition and terms related to finance of the given industry. It
also help us to get an insight into a given and vertical and get to
know about the various areas, financial conditions of increase or
decrease of different years of HCL.
This financial analysis covers companies’
common-size income statements and balance sheets,
comparative income statements and balance sheets, and various
financial statement ratio such as liquidity, capital structure and
solvency, return on investment, operating performances, asset
utilization and market measures of different years. A pro forma
look ahead estimated financial performance is generated for the
company and assumptions explored that helped derive the
financial data for the pro forma. Conclusion are drawn from the
above stated financial analysis as well as areas for improvement
and investment recommendations.
HCL is a mature company and from the ratios we can say that
the month of November, 2012 has not been profitable mainly
because of high expenditures mainly rates and insurance. Gross
profit margins is very good which implies that direct costs are
properly monitored. The company has a healthy liquidity
position which means that it can rely on its current assets to
finance the current liabilities and does not have to commit to
long term debts. However, it can be noticed that the future does
not look bright, firstly because of recurring losses and secondly
because unhealthy financing structure giving that it relies a
heavily on debts.
It has been recommended that the company should look into
ways of improving sales in period of low demand to improve
profitability and also increase financing to expand and grow the
business .
The analysis is limited mainly due to the fact that is based on
one month transactions, and hence no comparative study has
been made possible. Given the nature of the business, it would
have been interesting to evaluate the business by comparing
with past months results and also with the industry benchmark.

INTRODUCTION