Organization Study Report On

“CORAL INDIA FINANCE AND HOUSING LTD”

By
JOSHNA.V
USN: 3BR19MBA60

Submitted to

VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELAGAVI

In partial fulfilment of the requirements for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION

Under the Guidance of

Internal Guide
Mr. PAVAN KUMAR S.S
Asst. professor
DMS, BITM, Ballari

Department of Management Studies

BALLARI INSTITUTE OF TECHNOLOGY & MANAGEMENT
(A UNIT OF T.E.H.R.D TRUST®) An ISO 9001:2015 Certified Institution
(Recognized by Govt of Karnataka, AICTE, New Delhi & Affiliated to VTU)
“Jnana Gangotri” Campus, No: 873/2, Ballari- Hospet Road, Allipur, Ballari.
Ph:08392-237166/237100, Fax: 23719, e-mail : bitmbly@gmail.com Web: www.bitm.edu.in

2019-21

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 ACKNOWLEDGEMENT

First and foremost, I am deeply indebted to the management of B.I.T.M and Visvesvaraya Technological
University Belagavi, for having admitted to undergo the MBA program during the academic year 2019-2021
in this temple of learning.

I would also like to thank my study supervisor Prof. Mr. PAVAN KUMAR S.S for the constant guidance
and support for the successful completion of this study.

I do even owe sincere thanks to Dr.M Javed kalburgi Hod and professor DMS and I express my gratitude to
Principal Dr.V C. Patil BITM for permitting to do organizational study at “CORAL INDA FINANCE
AND HOUSING LTD”.

Finally I would like to express my gratitude to my parents and my family members for all there support and
co-operation in successfully completing the organizational study.

Last but not the least I would like to thank each and every one who directly or indirectly helped me in doing
this report in a fruitful manner.
 EXECUTIVE SUMMARY

As per the curriculum of Visvesvaraya Technological University for the partial fulfilment of the
Post Graduate of Master of Business Administration (MBA), I had undertaken the
“Organizational Study at “CORAL INDIA FINANCE AND HOUSING LTD” The internship
report mainly emphasis on the study of the entire Organization as a whole and the study of each
and every department that functions as a part of the Organization.

This report is an endeavour to cover the overall organization structure, departments, Procedures
and functions of the organization and also covers industry profile, company profile and its
Objectives. The report gives an inside view about managerial functions and operative functions
towards the products and employees of the organization.

This report also features the SWOT analysis, Mckensy’s 7s framework and porters analysis of
the organization in the present scenario. The report is concluded with my learning experience
during the study
 TABLE OF CONTENTS

CHAPTERS PARTICULARS PAGE NO

Chapter 1 INTRODUCTION

1.1 Introduction about the organizational study 1

1.2 Industry profile and Organizational profile 2-10

Chapter 2 ORGANIZATIONAL PROFIE:

2.1 Background 11-13

2.2 Nature of Business 14

2.3 Vision, mission, quality policy 14

2.4 Workflow mode 15

2.5 Product/ service profile 16-21

2.6 Ownership pattern 22-23

2.7 Achievements/awards 24

2.8 Future growth and prospects 24

Chapter 3 MCKENSY’S 7S FRAMEWORK AND PORTERS FIVE 25-32

FORCE MODEL WITH SPECIAL REFERENCE TO
ORGANIZATION UNDER STUDY

3.1 Mckensey’s 7S frame work 25-29

3.2 Porters Five force model with special reference 30-32

Chapter 4 SWOT ANALYSIS 33-34

Chapter 5 ANALYSIS OF FINANCIAL STATEMENT IN BRIEF 35-41

Chapter 6 LEARNING EXPERIENCE 42

BIBLIOGRAPHY 42
Introduction about Organisational study
Organization is the association formed by a group of people who see that there are benefits
available from working together towards some common goal. Organization studies are the study
of individual and group dynamics in an organizational setting, as well as the nature of
organizations themselves. Whenever people interact in organizations, many factors come in to
play. Organizational studies attempt to understand and model these factors. Organizational study
is essential to any MBA graduate as it helps them to connect theory with practice.
Organization study refers to the study of organization as a whole and getting adequate
knowledge with various departments in the organization. The study was carried CORAL INDIA
FINANCE AND HOUSING LTD. This study is based on the different aspects and dimensions of
different departments of the company.
Organizational studies comprise different areas that deal with the different aspects of the
organizations, many of the approaches are functionalist but critical research also provide
alternative frame for understanding in the field.

OBJECTIVES

1. Understanding the classroom concepts and theories to real world decision making

2. To increase the proficiency and improve the skills in communication, teamwork

3. To understand the organizational framework &amp; its functioning.

LIMITATIONS:

1. The official were reluctant to give complete data as it involves some secrecy

2. The time span of this organization study was very limited

3. Financial constraints were one of the limitations

4. The information provided by the company is assumed to be authentic.

METHODOLGY: Secondary data: Secondary data is that which is collected that has been
already available from the other sources.
 CHAPTER 1

INTRODUCTION ABOUT ORGANIZATION AND INDUSTRY

INTRODUCTION ABOUT THE INDUSTRY

Financial Services Industry:-

Financial Sector of India is intrinsically strong, operationally sundry and exhibits competence
and flexibility besides being sensitive to India’s economic aims of developing a market oriented,
industrious and viable economy.

An established financial sector assists greater standards of endowments and endorses expansion
in the economy with its intensity and exposure. The fiscal sector in India entails banks,
financial organization, markets and services. The sector is classified as organized and
conventional sector that is also recognized as unofficial finance market.

Fiscal transactions in an organized industry are executed by a number of financial organizations

which are commercial in nature and offer monetary services to the society. Further
classification includes banking and non-banking enterprises, often recognized as activities that
are client specific.

The chief controller of the finance in India is the Reserve Bank of India (RBI) and is regarded as
the supreme organization in the fiscal structure. Other significant fiscal organizations are
business banks, domestic rural banks, cooperative banks and development banks. Non-banking
fiscal organizations entail credit and charter firms and other organizations like Unit Trust of
India, Provident Funds, Life Insurance Corporation, Mutual funds, GIC, etc.

Financial Sector of India – Eligibility for government autonomy

Mentioned below are certain criterions that are required to be fulfilled for acquiring government
autonomy in India:
 Availability of sufficient fund of up to 8%
 Accessibility of total non-performing wealth of below 9%
 Minimum net possessed funds of more than USD 2.5 million and net revenues of minimum past
three years.
 Financial institutions that satisfy the abovementioned requirements will be authorized functional
independence in almost all managerial areas.

Financial Sector of India – RBI guidelines for NBFC's

The Reserve Bank of India has relaxed its guidelines for the operation of non-bank finance
companies (NBFCs) in India considering the various investments from the investors. It has also
permitted leasing of machinery and rent-buying credit firms with endowment level rankings to
avail public savings increase the maximum limit on the amount of public investments on these
NBFCs that may allow and expand the closing date for observance on its norms by two years.
The fiscal competitiveness of several NBFCs persists to be of importance to the administration
and reserve bank of India controllers. There is a significant merging activity in this industry as
NBFCs are regulated by stringent yardsticks that are obligatory to fulfil.
In addition, India has entered into new agreements with WTO in the area of fiscal services in
Geneva on December 1997.
Financial Sector of India – Chief Characteristics
some of the major characteristics of Financial Sector of India are:
 The financial sector of India allows Most Favoured Nation (MFN) reputation to all international
banks and firms offering financial facilities.
 The sector has relaxed previous MFN tax exemption on banking activities.
 Allows 12 new financial bank division authorizations every year to international banks, that is
higher as compared to the existing 8 every year.
 Raises the 10% limit of reinsurance by insurance firms in India.
 Permits 51% foreign endowment in fiscal advisory, issuing, hiring, business enterprise capital,
business banking and non-banking credit firms.

CONSTRUCTION INDUSTRY:-

HISTORY

The period from 1970 to mid 60's witnessed the government playing an active role in the
development of these services and most of construction activities during this period were carried
out by state owned enterprises and supported by government departments. In the first five-year
plan, construction of civil works was allotted nearly 50 per cent of the total capital outlay.

The first professional consultancy company, National Industrial Development

Corporation (NIDC), was set up in the public sector in 1954. Subsequently, many architectural,
design engineering and construction companies were set up in the public sector (Indian
Railways Construction Limited (IRCON), National Buildings Construction Corporation
(NBCC), Rail India Transportation and Engineering Services (RITES), Engineers India
Limited (EIL), etc.) and private sector (M N Dastur and Co., Hindustan Construction
Company (HCC), Ansals, etc.).

In India Construction has accounted for around 40 per cent of the development investment
during the past 50 years. Around 16 per cent of the nation's working population depends on
construction for its livelihood. The Indian construction industry employs over 30 million people
and creates assets worth over ₹ 200 billion.

It contributes more than 5 per cent to the nation's GDP and 78 per cent to the gross capital
formation. Total capital expenditure of state and central govt. will be touching ₹ 8,021 billion
in 2011-12 from ₹ 1,436 billion (1999-2000).

The share of the Indian construction sector in total gross capital formation (GCF) came down
from 60 per cent in 1970–71 to 34 per cent in 1990–91. Thereafter, it increased to 48 per cent in
1993-94 and stood at 44 per cent in 1999–2000. In the 21ST century, there has been an increase in
the share of the construction sector in GDP and capital formation.

GDP from Construction at factor cost (at current prices) increased to ₹ 1.745 billion (12.02%
of the total GDP) in 2004-05 from ₹ 1,162.38 billion (10.39% of the total GDP) in 2000–01.

The main reason for this is the increasing emphasis on involving the private sector infrastructure
development through public-private partnerships and mechanisms like build-operate-
transfer (BOT), private sector investment has not reached the expected levels.

The Indian construction industry comprises 200 firms in the corporate sector. In addition to these
firms, there are about 120,000 class A contractors registered with various government
construction bodies. There are thousands of small contractors, which compete for small jobs or
work as sub-contractors of prime or other contractors. Total sales of construction industry have
reached ₹ 428854 million in 2004 05 from ₹ 214519 million in 2000–01, almost 20% of which
is a large contract for Benson & Hedges.

INTRODUCTION - INDUSTRY and ITS PROFILE

The Construction industry of India is an important indicator of the development as it creates

investment opportunities across various related sectors. With a share of around 8.2%, the
construction industry has contributed an estimated ₹670,778 crores (US$ 131 billion) to the
 national GDP at factor cost in 2011–12.The industry is fragmented, with a handful of major
companies involved in the construction activities across all segments; medium-sized companies
specializing in niche activities; and small and medium contractors who work on the
subcontractor basis and carry out the work in the field. In 2011, there were slightly over 500
construction equipment manufacturing companies in all of India. The sector is labour-
intensive and, including indirect jobs, provides employment to more than 49.5 million people.
The construction sector is visualized to play a powerful role in economic growth, in addition to
producing structures that adds to productivity and quality of life. Economic development is a
term that economics politician and other have used frequently in the 20th century, modernization
westernization and specially industrialisation are other terms people have used while discussing
economic development. Economic development has a direct relationship with the environment.
Government undertaking to meet go abroad economic objectives such as price stability, high
employment and sustainable growth, such efforts include financial and economic policies,
regulations of financial industry trade and tax policies.

Future Challenges Of Industry

 The Indian economy has witnessed considerable progress in the past few decades. Most of the
infrastructure development sectors moved forward, but not to the required extent of
increasing growth rate up to the tune of 8 to 10 per cent. The Union Government has
underlined the requirements of the construction industry.

 With the present emphasis on creating physical infrastructure, massive investment is planned in
this sector. The Planning Commission has estimated that investment requirement in
infrastructure to the tune of about ₹ 14,500 billion or US$320 billion during the 11th Five Year
Plan period.

 This is a requirement of an immense magnitude. Budgetary sources cannot raise this much
resources. Public Private Partnerships (PPP) approach is best suited for finding the
resources. Better construction management is required for optimizing resources and
maximizing productivity and efficiency.

 Continued labor shortage. According to studies, there are an estimated 290,000

open construction jobs available today. ...

 New tariffs. Newly imposed tariffs are raising the base price of common construction materials,
such as steel, aluminium, and timber. ...

 Overwhelming ability of solutions.

 INTRODUCTION ABOUT THE ORGANIZATION

Coral India Finance and Housing Limited is one of the housing development company in India
with two segments viz. Finance & Construction. Coral India Finance and Housing Limited is a
public listed Housing Development company in India with shares traded on the BSE & NSE
Stock Exchanges. Coral India Finance and Housing Limited group has developed projects
spread across commercial complexes, residential developments. It has several ongoing projects.
Each project bears a stamp of thoughtful solutions and highest quality. The company has
specialists from India working on various aspects including design, landscaping, engineering and
structural strength of each of the developments.

Company History

Incorporated in 1995, the Coral India Finance and Housing Ltd, is been promoted by the
CORAL GROUP. The company is concentrated on Financing Activities including for Housing.

During the year 2000-01, the net profit of the company is declined by over 40% as compared to
previous year. The net profit is stood at Rs.17.62 lakhs as against Rs.31.77 lakhs in the previous
year.

The impact of the economic slowdown on the company's performance has been more severe.
However income earned during the year 2000-01, from fund activities was satisfactory.

During the year, the company could not make much headway in the housing construction
activities in view of depressed market conditions. In a positive measure, the company have come
up with an idea of converting the structure into a Resort in order to improve the bottom line of
the company.Coral India Finance And Housing Limited was incorporated on 4th January 1995
as a public limited company with the main objectives of entering the financial service sector and
Housing construction. The Company received the certificate for commencement of business on
31st January, 1995.
 PESTLE ANALYSIS OF FINANCIAL SERVICES: -

Political factors: -

Political factors play a significant role in determining the factors that can impact Discover
Financial Services’ long term profitability in a certain country or market. Discover Financial
Services is operating in Credit Services in more than dozen countries and expose itself to
different types of political environment and political system risks. The achieve success in such a
dynamic Credit Services industry across various countries is to diversify the systematic risks of
political environment. Discover Financial Services can closely analyze the following factors
before entering or investing in a certain market-

 Political stability and importance of Credit Services sector in the country's economy.

 Risk of military invasion

 Level of corruption - especially levels of regulation in Financial sector.

 Bureaucracy and interference in Credit Services industry by government.

 Legal framework for contract enforcement

 Intellectual property protection

 Trade regulations & tariffs related to Financial

 Favored trading partners

 Anti-trust laws related to Credit Services

 Pricing regulations – Are there any pricing regulatory mechanism for Financial

 Taxation - tax rates and incentives

 Wage legislation - minimum wage and overtime

 Work week regulations in Credit Services

 Mandatory employee benefits

 Industrial safety regulations in the financial sector.

 Product labelling and other requirements in Credit Services

Economic Factors

The Macro environment factors such as – inflation rate, savings rate, interest rate, foreign
exchange rate and economic cycle determine the aggregate demand and aggregate investment in
an economy. While micro environment factors such as competition norms impact the
competitive advantage of the firm. Discover Financial Services can use country’s economic
factor such as growth rate, inflation & industry’s economic indicators such as Credit Services
industry growth rate, consumer spending etc to forecast the growth trajectory of not only – sector
name-- sector but also that of the organization. Economic factors that discover Financial Services
should consider while conducting PESTEL analysis are -

 Type of economic system in countries of operation – what type of economic system there is and
how stable it is.

 Government intervention in the free market and related Financial

 Exchange rates & stability of host country currency.

 Efficiency of financial markets – Does Discover Financial Services needs to raise capital in local
market?

 Infrastructure quality in Credit Services industry

 Comparative advantages of host country and Financial sector in the particular country.

 Skill level of workforce in Credit Services industry.

 Education level in the economy

 Labor costs and productivity in the economy

 Business cycle stage (e.g. prosperity, recession, recovery)

 Economic growth rate, Interest rates

 Discretionary income

 Unemployment rate, , Inflation rate

 Social Factors

Society’s culture and way of doing things impact the culture of an organization in an
environment. Shared beliefs and attitudes of the population play a great role in how marketers
at Discover Financial Services will understand the customers of a given market and how they
design the marketing message for Credit Services industry consumers. Social factors that
leadership of Discover Financial Services should analyze for PESTEL analysis are -

 Demographics and skill level of the population

 Class structure, hierarchy and power structure in the society.

 Education level as well as education standard in the Discover Financial Services ’s industry

 Culture (gender roles, social conventions etc.)

 Entrepreneurial spirit and broader nature of the society. Some societies encourage
entrepreneurship while some don’t.

 Attitudes (health, environmental consciousness, etc.)

 Leisure interests

Technological Factors

Technology is fast disrupting various industries across the board. A firm should not only do
technological analysis of the industry but also the speed at which technology disrupts that
industry. Slow speed will give more time while fast speed of technological disruption may give a
firm little time to cope and be profitable. Technology analysis involves understanding the
following impacts -

 Recent technological developments by Discover Financial Services competitors

 Technology's impact on product offering

 Impact on cost structure in Credit Services industry

 Impact on value chain structure in Financial sector

 Rate of technological diffusion

 Environmental Factors

Different markets have different norms or environmental standards which can impact the
profitability of an organization in those markets. Even within a country often states can have
different environmental laws and liability laws. For example in United States – Texas and
Florida have different liability clauses in case of mishaps or environmental disaster. Similarly a
lot of European countries give healthy tax breaks to companies that operate in the renewable
sector.Before entering new markets or starting a new business in existing market the firm should
carefully evaluate the environmental standards that are required to operate in those markets.
Some of the environmental factors that a firm should consider beforehand are -

 Weather, Climate change

 Laws regulating environment pollution

 Air and water pollution regulations in Credit Services industry

 Recycling, Waste management in Financial sector

 Attitudes toward “green” or ecological products

 Endangered species

 Attitudes toward and support for renewable energy

Legal Factors

In number of countries, the legal framework and institutions are not robust enough to protect the
intellectual property rights of an organization. A firm should carefully evaluate before entering
such markets as it can lead to theft of organization’s secret sauce thus the overall competitive
edge. Some of the legal factors that discover Financial Services leadership should consider while
entering a new market are -

 Anti-trust law in Credit Services industry and overall in the country.

 Discrimination law, Copyright, patents / Intellectual property law

 Consumer protection and e-commerce

 Employment law, Health and safety law, Data Protection

 CHAPTER 2

ORGANIZATIONAL PROFILE

1) BACKGROUND:-

Coral
Business Group

Sector Finance

Incorporation Year 1995

Incorporation Date 04-Jan-1995

Chairman Navinchandra B Doshi

Managing Director Navinchandra B Doshi

Company Secretary Riya Shah

Auditor Hasmukh Shah & Co LLP

Registered Office Dalamal House 4th Floor,

J B Marg Nariman Point,
Mumbai, 400021, Maharashtra

Telephone 91-022-22853910/11

Fax 91-022-22825753

E-mail cs@coralhousing.in

Website http://www.corallab.com

Face Value (Rs) 2

BSE Code 531556

BSE Group B

NSE Code CORALFINAC

 Bloomberg CIFH IN

Reuters CORI.BO

ISIN Demat INE558D01021

Market Lot 1

Listing BSE,NSE

Financial Year End March

Book Closure Month Sep

AGM Date 11-Sep-2020

Nic Activity Activities of housing finance companies.

NIC_CODE 65922

Tot. Employees 4

Registrar's Name & Link Intime India Pvt Ltd, C-101 247 Park, L B S Marg,
Address Vikhroli West, Mumbai-400083.
91-22-49186000
91-22-49186060

a. Construction Activities:

THANE PROJECT

The Company has entered into an agreement with M/s. Standard Fireworks Limited, for
purchase of land at Ghodbunder Road, Thane (Maharashtra), and admeasuring about 14700 sq.ft
for a consideration of Rs.3.11 Crores. The Company has already paid an advance amount of
Rs.61 Lacs. The Company has applied to various authorities and is waiting to get their respective
permission/clearances to start the construction of the project known as CORAL ORCHIDS.

i. DEOLALI (NASIK) PROJECT : - The Company has already acquired land admeasuring
12500 sq.mts by paying an amount of Rs.45 Lacs being the full and final consideration. The
development work at the site has already commenced and the project is known as CORAL
GARDENS.
 ii. CHEMBUR PROJECT

The Company has entered into an agreement with M/s. Kelani Builders and Developers Pvt.
Ltd for acquiring 435 sq.mts of prime land for a consideration of Rs.190 Lacs and has paid an
advance of Rs.100 Lacs. The Company has applied to the appropriate authority to get the No
Objection Certificate. This project is known as CORAL PLAZA.

Investment Policies & Delegation of Powers:

Investment Policies and the decision making powers in respect of Investment of funds is
entirely at the discretion of the Board of Directors.

2002-Coral India Finance & Housing Ltd has informed that Mrs Meeta S Sheth has resigned as
Managing Director but will continue to be a Director. Mr Navin B Doshi Chairman of the
Company has been appointed as Managing Director of the Company w e f June 01, 2002.

2008 -E-mail ID for Investors Complaints murthy@corallab.com.

2010 -The Company has changed his name from Coral India Finance & Housing Limited to
CORAL INDIA HOUSING LIMITED.

2012 -Dr. Gurukumar Bhalchandra Parulkar has been appointed as a Chairman & Managing
Director of the Company.

2014 -Board has recommended a dividend @ 10% i.e. Rs. 1/ per equity share of Rs. 10/- each for
the year 2014.
 2) NATURE OF BUSINESS:-

Coral India Finance & Housing Limited (the ‘Company’) is a public limited company domiciled
in India and incorporated under the provisions of Companies Act 1956 applicable in India. Its
shares are listed with BSE and NSE. The registered office of the company is located at Dalamal
House, 4th Floor, Nariman Point, and Mumbai 400021. The Company is primarily engaged in
two segments:

I. Business of construction, development & maintenance of properties.

ii. Investment

3) VISION, MISSION, QUALITY POLICY

Vision & Mission

 Be a world leading Integrated Digital Content Services Company.

 Inspire Innovation and Evolution
 Touch everyone’s minds, hearts and souls by:

 Delivering best-in quality and innovatively creative and entertaining content to

people:
 In a language which they understand
4) WORKFLOW MODEL
Flow of information
The Board meets at least once in a quarter to, inter alia, review quarterly standalone financial
results/ statements, compliance report(s) of all laws applicable to the Company, regulatory
developments, minutes of the Board Meetings or any other proposal from the management etc.

Construction business: -
 5) PRODUCT OR SERVICE PROFILE
1) COMMERCIAL COMPLEX:-

The term commercial property (also called commercial real estate, investment or income
property) refers to buildings or land intended to generate a profit, either from capital
gain or rental income.[1] Commercial property includes office buildings, medical
centres, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and
garages. In many states, residential property containing more than a certain number of units
qualifies as commercial property for borrowing and tax purposes.

Commercial buildings are buildings that are used for commercial purposes, and include office
buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores,
and shopping malls). In urban locations, a commercial building may combine functions, such
as offices on levels 2-10, with retail on floor 1. When space allocated to multiple functions is
significant, these buildings can be called multi-use. Local authorities commonly maintain strict
regulations on commercial zoning, and have the authority to designate any zoned area as such; a
business must be located in a commercial area or area zoned at least partially for commerce.

Types of commercial property

Commercial real estate is commonly divided into five categories:

1. Office Buildings – This category includes single-tenant properties, small professional office
buildings, downtown skyscrapers, and everything in between.
2. Retail/Restaurant – This category includes pad sites on highway frontages, single tenant
retail buildings, small neighbourhood shopping centres, larger centres with grocery store anchor
tenants, "power centres" with large anchor stores such as Best Buy, Pet Smart, OfficeMax, and
so on even regional and outlet malls.
3. Multifamily – This category includes apartment complexes or high-rise apartment buildings.
Generally, anything larger than a fourplex is considered commercial real estate.
4. Land – This category includes investment properties on undeveloped, raw, rural land in the
path of future development. Or, infill land with an urban area, pad sites, and more.
5. Miscellaneous – This catch all category would include any other non-residential properties
such as hotel, hospitality, medical, and self-storage developments, as well as many more.
 2) RESIDENTIAL DEVELOPMENTS:-

A residential area is a land used in which housing predominates, as opposed

to industrial and commercial areas. Housing may vary significantly between, and through,
residential areas. These include single-family housing, multi-family residential, or mobile
homes. Zoning for residential use may permit some services or work opportunities or may totally
exclude business and industry. It may permit high density land use or only permit low density
uses. Residential zoning usually includes a smaller FAR (floor area ratio) than business,
commercial or industrial/manufacturing zoning. The area may be large or small.

Residential development is real estate development for residential purposes. Some such
developments are called a subdivision, when the land is divided into lots
with houses constructed on each lot. Such developments became common during the late
nineteenth century, particularly in the form of streetcar suburbs.

In previous centuries, residential development was mainly of two kinds. Rich people bought a
town lot, hired an architect and/or contractor, and built a bespoke / customized house
or mansion for their family. Poor urban people lived in shantytowns or in tenements built for
rental. Single-family houses were seldom built on speculation, that is for future sale to residents
not yet identified. When cities and the middle class expanded greatly and mortgage loans became
commonplace, a method that had been rare became commonplace to serve the expanding
demand for home ownership.

Problems with residential developments

Criticisms of residential developments may include:

 They do not mesh well with the greater community. Some are isolated, with only one entrance,
or otherwise connected with the rest of the community in few ways.
 Being commuter towns, they serve no more purpose for the greater community than other
specialized settlements do, and thus require residents to go to the greater community for
commercial or other purposes. Whereas mixed-use developments provide for commerce and
other activities, thus residents need not go as often to the greater community.
3) Bill Discounting:-
Bill discounting refers to a method of working capital finance for the seller of goods. It refers to
a fee charged by the bank from the seller of the goods to release funds before the end of the
credit period. The bill is presented to the customer and the amount is collected by the bank.
Bill Discounting is a method of trading the bill of exchange to the financial institution before it
gets matured, at a price that is in a smaller amount than its par value. The discount on the bill of
exchange will be based on the remaining time for its maturity and also the risk concerned in it.

Bill discounting is a discount/fee which a bank takes from a seller to release funds before the
credit period ends. This bill is then conferred to the seller’s client and the full amount is
collected. Bill discounting is mostly applicable in scenarios when a buyer buys goods from the
seller and the payment is to be made through a letter of credit. It is an arrangement whereby the
seller recovers an amount of sales invoice from the financial intermediaries before it’s due. It is a
business vertical for all kinds of financial intermediaries such as banks, financial institutions etc.

4) Rising and placement of funds:-

What is Private Placement?

Private Placement refers to direct sales of securities by a company to institutional investors like
Mutual funds, Pension funds Insurance companies, Banks etc. The issuer can either be a Public
Limited Company or a Private Limited Company. In this method a prospectus is not issued and
shares are offered only to a select group of investors.
Advantages of Private Placement

The following are the advantages of private placement:

1. Speed in raising finance: If a company goes in for a fresh issue through public issue there are
lot of procedures to be followed which take a lot of time. On the other hand, it is possible to raise
resources through private placement within 1 or 2 months.
2. Low cost: The company need not spend money in preparation and printing of prospectus,
printing of application forms, transporting them to different places, advertisements of the issue in
the media etc
3. Confidentiality: The Company can maintain strict confidentiality. In the case of issue
through prospectus many disclosures have to be made. But in the case of private placement
disclosures made are less and they are made to a select few. Therefore confidentiality can be
maintained.
4. Small amounts can be raised: Even small amounts can be raised through private placement.
5. Stable market: The private placement market is more stable when compared to the stock
markets. Volatility is less and issues are marketed in a professional manner.
The widely used instrument in the private placement market is Non-convertible Debentures.
5) Placement of securities:-

Private placement (or non-public offering) is a funding round of securities which are sold not
through a public offering, but rather through a private offering, mostly to a small number of
chosen investors. Generally, these investors include friends and family, accredited investors, and
institutional investors. [1]

PIPE (Private Investment in Public Equity) deals are one type of private
placement. SEDA (Standby Equity Distribution Agreement) is also a form of private placement.
They are often a cheaper source of capital than a public offering.

Since private placements are not offered to the general public, they are prospectus exempt.
Instead, they are issued through Offering Memorandum. Private placements come with a great
deal of administration and are having normally been sold through financial institutions such as
investment banks. New FinTech companies now offer an automated, online process making it
easier to reach potential investors and reduce the administration.

6) ADVISING ON INVESTMENT OF FUNDS:-

Investment advice is any recommendation or guidance that attempts to educate, inform, or guide
an investor regarding a particular investment product or series of products. Investment advice
can be professional—that is, the investor pays a fee in exchange for the qualified professional's
guidance and expertise, as seen with financial planners or it can be amateur, as with certain
internet blogs, chat rooms or even conversations.

Role of mutual fund advisors

a. Educating the investor(s)

The advisor has to chart a financial plan for the client based on their financial goals and
educating the client on how to achieve them. This involves exploring different investment
options. Therefore, you can easily evaluate how each can help or hinder the client’s financial
goals.

b. Evaluating risk-taking capacity

Advisors suggest the right investment strategy based on the risk appetite of the investor. For
instance, equity funds are riskier than debt funds, and not every investor will prefer it. The
advisor considers the long-term and short-term financial goals, investment tenure, age, expenses,
family status and current financial responsibilities before devising an investment strategy.

c. Analyzing investment options

Once the client’s goals and requirements are in place, the fund advisor completes a thorough
analysis of market conditions. Then they recommend equities, debt funds or money market
instruments accordingly. Advisors also stay up-to-date with the latest financial news and trends
to ensure they offer relevant advice.

d. Devising the right investment strategy

After analysing the possible investment options of the customer, the fund advisor plans a suitable
investment strategy. This involves combining different investment options to diversify
the portfolio to minimise risks and maximise returns.

For instance, combining stocks with IRAs and bonds, etc. – The advisor might reassess strategy
if the client’s goals change. The advisor, hence, keeps a close watch on the client’s portfolio and
suggests modifications if needed.

E. Helping investors diversify their portfolio

Diversification is a crucial aspect as it plays a major role in spreading the total risk over a broad
investment range. Much research goes into tracking the best investment options across sectors
and markets. Therefore, the mutual fund advisor plays a significant role in optimising portfolio
and minimising risks.

F. Record-keeping

A critical aspect of a fund advisor job is to handle discreet financial details of the client. Hence,
he maintains the records of services they provide – invoices, details of the services offered and
any other transactions. This documentation is important during the audit of the firm by
regulatory bodies.

7) FINANCIAL CONSULTANT:-

Financial consultants work with companies or individuals to plan for their financial futures by
offering information and guidance on topics that include taxes, investments and insurance
 decisions. Often called financial advisors, these consultants work closely with clients to offer
personalized financial advice.

Consultants may also direct the buying and selling of stocks and bonds for their clients. Some
consultants work for consulting firms that focus on the financial needs of specific businesses or
industries.

8) PROJECT COUNSELING:- Project counselling as a facility to provide assistance to

entrepreneurs through the services of merchant corporate banking will not only improve
and shape the support of project management, but will give a better skill set to
entrepreneurs.

It includes preparation of project reports, deciding upon the financing pattern, appraising
the project relating to its technical, commercial and financial viability. It includes filling up of
application forms for obtaining funds from financial institutions.

Project Counselling broadly covers the study of the project and providing advisory services on
the project viability and procedural steps to be followed for its implementation.

Project Counselling covers the following aspects-

 Development and or review of an project idea/project profile

 Preparation of project report

 Estimation of cost of project

 Deciding means of financing the project

 Studying the procedural aspects of project implementation

 Provide assistance in obtaining Government consent.

Other Services in the Field Of Project Counselling

Capital structuring Amalgamations, mergers and takeovers Profitability study of the
project Guiding young entrepreneurs as to investment opportunities in India.

9) ADVISORY SERVICES:- Financial advisors, or advisers, can provide many different

services, such as investment management, tax planning, and estate planning. Increasingly,
financial advisors are providing a range of services from portfolio management to insurance
products as a one-stop-shop.
6) OWNERSHIP PATTERN

Board of Directors-
NAME AGE
Navinchandra Doshi 70

Sachin Doshi 39

Riya Shah

Kishor Mehta

Navinchandra Doshi
Mr. Navinchandra B. Doshi is an Executive Chairman of the Board, Managing Director of Coral
India Finance & Housing Limited. He has Directorship Held in other Companies Coral
Laboratories Ltd. Bezel Pharma Pvt. Ltd.

Sachin Doshi
Mr. Sachin N. Doshi is Chief Financial Officer, Executive Director of Coral India Finance &
Housing Ltd. He has Directorship Held in other Companies DWD Pharmaceutical Ltd. Adore
Pharmaceutical Pvt. Ltd. Noetic Finance Pvt. Ltd.
Riya Shah
Kishor Mehta
Mr. Kishor R. Mehta serves as Additional Executive Director of the Company. Mr. Kishor R.
Mehta has significant years of experience in the field of finance, taxation and pharmaceuticals.
He is currently the Chief Financial Officer of the Company. He has been associated with the
Company for past three years and has industry related functional expertise.

Sheela Kamdar

Meeta Sheth:-
Mrs. Meeta Samir Sheth is Additional Director of the Company. She holds a bachelor’s degree
in Commerce from the Mumbai University. She has significant years of experience in the
business of construction and pharmaceuticals. She has been associated with the Company since
its inception as promoter.

Niraj Mehta:-
Mr. Niraj A. Mehta serves as Additional Independent Director of the Company. Mr. Niraj A.
Mehta has a Law degree and a degree in Management (Finance) from a reputed Institute. He has
more than 10 years of experience in the field of Management, Marketing, Finance and
Investment across diverse industries including Chemicals, Agriculture, Power, Packaging and
Investments/Portfolio Management.

Sharad Mehta: -
Dr. Sharad Ratilal Mehta is Non-Executive Independent Director of Coral India Finance &
Housing Limited.

Key Managerial Personnel:

Mr. Kishor R. Mehta – Chief Financial Officer

Mrs. Riya R. Shah – Company Secretary

Statutory Auditors:
M/s Hasmukh Shah & Co. LLP Chartered Accountants
Secretarial Auditor:
M/s Uma Lodha & Co. Practicing Company Secretary
7) ACHIEVEMENTS/AWARDS: - No considerable achievements have been published by the
company or announced in the meetings held.

8) FUTURE GROWTH AND PROSPECTS:-

Growth in India continued to slow in Financial Year (“FY”) 2020, akin to FY 2019. According
to the IMF, this was primarily due to domestic problems. Consequently, the IMF downgraded
India’s growth forecast from 7.3% YoY in April, 2019 to 4.1% by January, 2020. Even as some
signs of bottoming growth were observed in January, 2020, the outbreak of COVID-19 in Q4
F.Y. 2020 reinforced growth pressures. India entered into a lockdown phase on March 22, 2020.
For 2020, the IMF has slashed growth projection for India to 1.9%. The overall global economy
is also witnessing recessionary trends, which indirectly affects the capital market.
The year seems to be good for Indian economy growth. India is improving its global ranking.
This would improve the future outlook of the country. Various factors are in stable or positive
mode for India. This would give more stability of currency, equity and other dominant factors
which determine the growth of the Company. With its future plans and present scenario
encouraging growth is visible in this F.Y. But there are things which can impact the business
segment, especially COVID-19 impact. Due to the overall economic slowdown, there are
uncertainties and volatility impacting the credit markets and more so short term liquidity. The
delay in the cash flow of the underlying companies shall impact the cash flows of the distressed
investment business. In light of the ongoing impact of the outbreak of COVID-19, we will
continually evaluate our strategy, with a view to growing our business.
 CHAPTER 3
MCKENSY’S 7S FRAMEWORK AND PORTERS FIVE FORCE MODEL

MCKENSY’S 7S FRAMEWORK:

The McKinsey 7S Framework is a management model developed by business

consultants Robert H. Waterman, Jr. and Tom Peters (who also developed the MBWA--
"Management By Walking Around" motif, and authored In Search of Excellence) in the 1980s.
This was a strategic vision for groups, to include businesses, business units, and teams. The 7 Ss
are structure, strategy, systems, skills, style, staff and shared values.

The model is most often used as an organizational analysis tool to assess and monitor changes in
the internal situation of an organization.

The model is based on the theory that, for an organization to perform well, these seven elements
need to be aligned and mutually reinforcing. So, the model can be used to help identify what
needs to be realigned to improve performance, or to maintain alignment (and performance)
during other types of change.

Whatever the type of change – restructuring, new processes, organizational merger, new
systems, change of leadership, and so on – the model can be used to understand how the
organizational elements are interrelated, and so ensure that the wider impact of changes made in
one area is taken into consideration.
 DEFINITION:-

McKinsey 7s model is a tool that analyzes firm’s organizational design by looking at 7 key
internal elements: strategy, structure, systems, shared values, style, staff and skills, in order to
identify if they are effectively aligned and allow organization to achieve its objectives.

Understanding The Tool:

McKinsey 7s model was developed in 1980s by McKinsey consultants Tom Peters, Robert
Waterman and Julien Philips with a help from Richard Pascale and Anthony G. Athos. Since the
introduction, the model has been widely used by academics and practitioners and remains one of
the most popular strategic planning tools. It sought to present an emphasis on human resources
(Soft S), rather than the traditional mass production tangibles of capital, infrastructure and
equipment, as a key to higher organizational performance. The goal of the model was to show
how 7 elements of the company: Structure, Strategy, Skills, Staff, Style, Systems, and Shared
values, can be aligned together to achieve effectiveness in a company. The key point of the
model is that all the seven areas are interconnected and a change in one area requires change in
the rest of a firm for it to function effectively.

Below you can find the McKinsey model, which represents the connections between seven areas
and divides them into ‘Soft Ss’ and ‘Hard Ss’. The shape of the model emphasizes
interconnectedness of the elements.

Hard Elements Soft Elements

 Strategy  Shared Values

 Structure  Skills

 Systems  Style

 Staff

 Strategy: this is your organization's plan for building and maintaining a competitive advantage
over its competitors.
 Structure: this how your company is organized (that is, how departments and teams
are structured, including who reports to whom).
 Systems: the daily activities and procedures that staff uses to get the job done.
 Shared values: these are the core values of the organization, as shown in its corporate culture
and general work ethic. They were called "super ordinate goals" when the model was first
developed.
 Style: the style of leadership adopted.
 Staff: the employees and their general capabilities.
 Skills: the actual skills and competencies of the organization's employees.
Strategy:-

1) The company focuses on existing customer because if we satisfy our existing customers
they recommend to their family and friends so then there is no need to worry about acquiring
new customers.

2) Company continuously gets updated to the technology to meet the emerging needs
and preferences of customers.

3) Continuously build trust and brand

4) Company strengthens the operating process and risk management systems

Structure: - An organizational structure is a visual diagram of a company that describes what

employees do, whom they report to, and how decisions are made across the business.
Organizational structures can use functions, markets, products, geographies, or processes as
their guide, and cater to businesses of specific sizes and industries.
 Systems

The company’s defined organizational structure, documented policy guidelines and adequate
internal controls ensure efficiency of operations, compliance with internal policies, applicable
laws and regulations, protection of resources and assets and accurate reporting of financial
transactions. The company continuously upgrade these systems in line with best available
practices.

Style:

Management style of coral India finance and housing ltd is of participative style of management
which has resulted in the development of committed and motivated workforce, which is ready
to meet the challenges in future.

PARTCIPATIVE LEADERSHIP BEHAVIOUR

Skills

The Board has identified the following skills/expertise/ competencies set with reference to its
Business and Sector(s) for it to function effectively, which are available with the Board:

 Sales and Marketing

 General Management and Governance

 Business Strategy

 Financial Skills

 Technical skills and professional skills and knowledge including legal and regulatory aspects

Shared values:-
The Company’s defined organizational structure, documented policy guidelines and adequate
internal controls ensure efficiency of operations, compliance with internal policies, applicable
 laws and regulations, protection of resources and assets and accurate reporting of financial
transactions. The Company continuously upgrades these systems in line with best available
practices.
Values

At Coral, we do not talk about Principles, Ethics and Values. We live them. For us honesty,
integrity, truthfulness, confidentiality, respect of customers trust and confidence, pursuit of
excellence, are not just empty statements but a way of life.

For us ethics and values are time-invariant and context-invariant. Being in a profession where
words are the basic premise of all happenings, for us, every word is sacred. In India, we have
forever placed utmost importance to words, more than ones own life and we live by such values.

Our Value Statement:-

 Nurture the best quality talent.

 Create and share knowledge with all.
 Honor Content and Customer
 Inspire Excellence
 Lead by Example

Staff:-
Material developments in Human Resources / Industrial: our Company considers Human
Resource as key drivers to the growth of the Company. With a rapid changing in the
environment, the management put the whole efforts for the betterment of the employees to face
the challenges with the training and development at frequent intervals.
 PORTERS 5 FORCE MODEL

Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape
every industry and helps determine an industry's weaknesses and strengths. Five Forces analysis
is frequently used to identify an industry's structure to determine corporate strategy. Porter's
model can be applied to any segment of the economy to understand the level of competition
within the industry and enhance a company's long-term profitability. The Five Forces model is
named after Harvard Business School professor, Michael E. Porter.

Porter's Five Forces is a business analysis model that helps to explain why various industries are
able to sustain different levels of profitability. The model was published in Michael E. Porter's
book, "Competitive Strategy: Techniques for Analyzing Industries and Competitors" in 1980.
The Five Forces model is widely used to analyze the industry structure of a company as well as
its corporate strategy. Porter identified five undeniable forces that play a part in shaping every
market and industry in the world, with some caveats. The five forces are frequently used to
measure competition intensity, attractiveness, and profitability of an industry or market.

Industry Competitors:

Construction: (strong)

 There has been a fall in demand for construction projects and this has resulted in excess capacity.
 Construction companies are mostly involved in submitting competitive tenders to win contracts
 Quantity surveying firms also have to compete amongst one another by offering the lowest
fees for services provided to secure clients
 Construction products are very similar and are delivered by means of projects with variation
amongst retail, residential and leisure.
Financial services: (high)
 Competitive rivalry between big players is intense in the industry
 Financial services companies often compete on the basis of offering lower financing rates,
higher deposit rates and investment services

Threat of New Entrants: Weak

Construction: (weak)

 Customers are not very loyal, the lowest bid always wins
 Low switching costs as new projects means new consultants, contractors and suppliers
 Capital requirements for property development are high
 The construction industry is highly risky and filled with uncertainty
 Access to inputs such as skilled labour is difficult
Financial services: - (medium)
 Stringent regulatory norms prevent new entrants
 Customers prefer to invest their money with a reputed financial services company offering a
wide range of services

Threat of substitute product:

Construction: - (strong)

 New and emerging innovative methods and processes within construction industry.
 New innovative methods are at a lower cost than traditional methods
 Low switching costs once a project is complete, new consultants may be appointed
Financial services: - (low)
 Low threat of substitutes
 Less number of substitutes available for financial products
 Bargaining power of suppliers:

Construction: - (weak)

 Industry members such as the principal contractors’ e.g. Grinaker are integrating backwards into
the business of suppliers
 Construction materials are readily available from many suppliers
 Switching costs of contractors Q.S firms are low
 Contractors, sub-contractors and manufacturers have to work together for successful delivery of
the project
Financial services: - (medium)
 Low bargaining power of suppliers as the industry is highly regulated by RBI

Bargaining power of buyers:

Construction: - (strong)

 Construction developers have a high quality of information for decision making

 There are few developers and construction clients compared to the many service providers
available to deliver project
 There has been a decline in the developers and client’s demand for construction projects
 Developers and clients have the ability to postpone projects until a later stage when they can
secure lower costs of building
Financial services: - (low)
 Medium bargaining power of customers. Although customers do not have much bargaining
power, they can easily switch to another company based on the terms and quality of
services provided

The overall industry attractiveness is very low. The collective impacts of the five competitive
forces will result in lower profitability of the industry participants. The rivalry amongst
competitors is very vigorous. The entry barriers are low and allow new rivals to gain a market
foothold. There is intense competition from substitutes. Buyers are able to exercise considerable
bargaining leverage.
 CHAPTER 4- SWOT ANALYSIS

SWOT ANALYSIS

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis
is a technique for assessing these four aspects of your business.

You can use SWOT Analysis to make the most of what you've got, to your organization's best
advantage. And you can reduce the chances of failure, by understanding what you're lacking, and
eliminating hazards that would otherwise catch you unawares.

Better still, you can start to craft a strategy that distinguishes you from your competitors, and so
compete successfully in your market.

STRENGTH:-

 Promoters increasing shareholding

 Promoter holding increased more than 2% QoQ

 Inverted Hammer (Bullish Reversal)

 Company with No Debt

 Company with Zero Promoter Pledge

WEAKNESS:-

 Degrowth in Revenue and Profit

 Decline in Net Profit (QoQ)

 Decline in Quarterly Net Profit (YoY)

 Degrowth in Quarterly Revenue and Profit in Recent Results

 Declining Net Cash Flow : Companies not able to generate net cash

 Annual net profit declining for last 2 years

 Book Value Per Share deteriorating for last 2 years

 Recent Results : Fall in Quarterly Revenue and Net Profit

(YoY) OPPORTUNITIES:-

 Highest Recovery from 52 Week Low

 Have positional to expand on our own, lower dependency of others

THREATS:-

 Profit to Loss Companies

 External factors and government policies.

 Vague thinking of major strong nations. This has maximum impact on emerging market.

 Short term and long term impact of Covid-19 on the entire business segment.

 Slowdown economy and volatile market conditions.

 CHAPTER 5
ANALYSIS OF FINANCIAL STATEMENT

BALANCE SHEETS OF CORAL INDIA FINANCE AND HOUSING LTD

Mar Mar Mar Mar Mar 15
Year 19 18 17 16
SOURCES OF FUNDS :
Share Capital + 9.98 9.98 9.98 10.42 10.42
Reserves Total + 117.52 134.03 134.96 67.16 62.01
Total Shareholders’ 127.5 144.01 144.94 77.58 72.43
Funds
Secured Loans+ 0 0 0 0 0
Unsecured Loans+ 0 0 0 0 0
Total Loan Funds 0 0 0 0 0
Other Liabilities+ 4.85 3.78 3.15 3.29 2.91
Total Liabilities 132.35 147.79 148.09 80.87 75.34
APPLICATION OF
FUNDS :
Loan / Non-Current Assets 0 0 0 0 0
+
Fixed Assets
Gross Block + 15.22 15.22 15.34 4.98 5.04
Less: Accumulated 3.01 2.86 2.77 2.54 2.44
Depreciation +
Less: Impairment of Assets 0 0 0 0 0
Net Block+ 12.21 12.36 12.57 2.44 2.6
Lease Adjustment 0 0 0 0 0
Capital Work in Progress+ 4.69 3.69 6.69 5.7 3.85
Investments + 58.82 89.19 93.22 31.31 25.27
Current Assets, Loans &
Advances
Inventories + 12.75 13.02 11.61 12.09 12.82
Sundry Debtors + 1.03 0.76 0.73 0.56 0.11
Cash and Bank Balance+ 3.83 5.13 3.97 4.81 9.75
Loans and Advances + 0.02 0.04 0.12 0.07 0.3
Total Current Assets 17.64 18.96 16.44 17.53 22.98
Less: Current Liab. &
Provisions
Current Liabilities + 0.63 0.98 1.63 1.67 1.85
Provisions + 0.03 0.26 1.21 6.77 5.56
Total Current Liabilities & 0.66 1.24 2.84 8.44 7.41
Provisions
Net Current Assets 16.98 17.72 13.59 9.09 15.57
Miscellaneous Expenses 0 0 0 0 0
not written off +
Deferred Tax Assets 0 0 0 0 0
Deferred Tax Liability 0.19 0.2 0.21 0.24 0.26
Net Deferred Tax -0.19 -0.2 -0.21 -0.24 -0.26
Other Assets+ 39.84 25.02 22.22 32.55 28.32
Total Assets 132.35 147.79 148.08 80.86 75.35
Contingent Liability+ 0 0 0 0 0
 INCOME STATEMENT

Year Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 (12)

(12) (12) (12) (12)
INCOME :
Operating Income+ 14.55 22.98 13.56 11.76 19.37
Other Income + 0 0 0 0 0
Total Income 14.55 22.98 13.56 11.76 19.37
EXPENDITURE :
Operating & 2.33 3.48 1.38 2.31 5.38
Administration
Expenses +
Miscellaneous 0.72 1.18 1.02 0.48 0.07
Expenses +
Interest + 0.02 0.01 0 0 0.01
Less: Pre-operative 0 0 0 0 0
Expenses Capitalised
+
Employee Expense + 1.13 1.16 0.86 0.86 0.72
Total Expenditure 4.2 5.83 3.26 3.65 6.18
Gross Profit 10.36 17.16 10.3 8.11 13.2
Depreciation + 0.15 0.18 0.23 0.26 0.19
Profit Before Tax 10.21 16.98 10.07 7.85 13.01
Tax+ 2 3.5 1.97 1.53 2.7
Fringe Benefit tax+ 0 0 0 0 0
Deferred Tax+ -0.01 -0.01 -0.02 -0.02 -0.01
Reported Net Profit 8.22 13.49 8.11 6.34 10.32
Extraordinary Items 0 0 0 0 0
+
Adjusted Net Profit 8.22 13.49 8.11 6.34 10.32
Adjustment below 0 0 -1.2 0 0.01
net profit +
P & L Balance 87.56 74.07 67.16 62.01 52.88
brought forward
Appropriations + 1.2 0 0 1.2 1.2
P & L Balance 94.57 87.56 74.07 67.16 62.01
carried down
Dividend 1 1 0.2 1 1
Preference 0 0 0 0 0
Dividend
Equity Dividend % 10 10 2 10 10
Dividend Per 0.2 0.2 0.2 1 1
Share(Rs)
Earnings Per Share- 1.65 2.7 8.13 6.09 9.91
Unit Curr
Earnings Per 1.65 2.7 1.63 1.22 1.98
Share(Adj)-Unit Curr
Book Value-Unit 25.56 28.87 145.29 74.47 69.53
Curr
Book Value(Adj)- 25.56 28.87 29.06 14.89 13.91
Unit Curr
FINANCIAL OVERVIEW
Year Mar 19 Mar 18 Mar 17 Mar 16 Mar 15

Price Earning (P/E) 10.27 11.85 22.91 9.03 4.99

Price to Book Value ( P/BV) 0.66 1.11 1.28 0.74 0.71

Price/Cash EPS (P/CEPS) 10.37 11.68 22.29 8.95 5

EV/EBIDTA 7.78 9 17.68 6.18 3

Market Cap/Sales 5.81 6.95 13.71 4.87 2.66

Key Ratios
Current Ratio 6.4 15.97 7.88 2.9 2.48 3.72
Tot. Income / Capital - 10.39 15.53 11.84 15.06 27.58
Employed (%)
Interest Expended / Capital - 0.01 0.01 0 0 0.01
Employed (%)
PBIDTM (%) 81.71 71.34 74.72 75.96 68.96 68.2
PBITM (%) 98.78 70.31 73.93 74.26 66.75 67.22
PBDTM (%) 81.55 71.2 74.67 75.96 68.96 68.15
CPM (%) 67.66 57.53 59.49 61.5 56.12 54.26
APATM (%) 66.58 56.49 58.7 59.81 53.91 53.28
ROCE (%) 7.97 7.3 11.48 8.79 10.05 18.54
RONW (%) 6.84 6.06 9.34 7.29 8.45 15.21

Shareholding Pattern
Shares [%]
Foreign 403,249 1
Institutions 321 0
Govt Holding 0 0
Non Promoter Corp. Hold. 365,962 1
Promoters 32,093,840 80
Public & Others 7,438,853 18
Totals 40,302,225 100
 RATIOS ANALYSIS AND INTERPRETATION: -
1) CURRENT RATIO:- current assets/current liabilities
2020 = 187,796,339/ 2,93,24,281
= 6.40

2019 = 176,386,609/ 65,57,858

= 26.90

Interpretation: - the good current ratio is between 1.2 to 2 but in the company the current ratio
is 6.4 times more current assets than liabilities to cover its debts.

2) Quick Ratio :- quick assets/current liabilities

2020
Quick assets = current assets - inventories
= 187,796,339 - 120,408,466
= 67,387,873
Quick ratio = 67387873/2,93,24,281
= 2.30
Interpretation: the position of the company is better as the quick ratio is more than 1.higher the
quick ration better the position of the company.

3) Net working capital = current assets – current liabilities

2020 = 187,796,339 - 2,93,24,281

= 158,427,058

2019 = 176,386,609 - 65,57,858

= 169,828,751

Interpretation: - in both the years it is noticed that the current assets are more when compared
to current liabilities.

4) Equity ratio = total equity/ total assets

2020 = 1,170,675,723/1,249,954,907

= 0.94
 2019 = 1,274,963,343/ 1,332,002,571

= 0.96

Interpretation: - there is decrease in the equity as compared to previous year. This shows
significant decrease in equity ratio. There is no such standard to compare the minimum equity
ratio.

5) Cash ratio= (cash + marketable securities)/current

liabilities 2020 = 47,520,735/2,93,24,281

= 1.61

2019 = 38,281,224/2,93,24,281

= 1.30

Interpretation: - it shows the liquidity of the firm. Cash and cash equivalents increased in 2020
when compared to 2019.

Final Analysis:

The overall financial stability, solvency and liquidity position of the company is satisfactory and
good.
 CHAPTER 6
LEARNING EXPIRENCE
During these 4 weeks of study I have gained experience regarding organizational study and need
of organizational study. The objective of any organization is not only to earn profits but also to
ensure that all employees and customers are satisfied by providing a proper organizational
climate for the employees and by providing quality of services and products to the customers.
CORAL INDIA FINANCE AND HOUSING LTD is a public owned company which is into the
business of construction and investments. I got an opportunity to study about the organization.
Internship is the study about organization structure, strategies adopted by the company.
Organizational study made me to learn about how the organizations work. As there was an
outbreak of covid 19 pandemic I could not physically visit the organization and collect data
personally but through online I was able to collect the required amount of information and
analyse the company and prepare a report about the organization.
It enhanced my skills and ability to know more about how the organizations perform in the
real world. I was able to relate the theoretical concepts learnt in the classroom to
organizational functioning.
My observations during this internship are as follows:
1) Due to the covid 19 pandemic the organizations are deeply disturbed.
2) The organizations are continuously updating towards the change in the technology.

BIBLIOGRAPHY: -

Websites
www.coralhousing.in
www.moneycontrol.com
www.business-standard.com
https://www.capitaline.com
Books Referred:
Advanced accountancy by S P Jain and K L Narang
Volume –II
Kalyani Publisher
ISBN9780925587336
Coraì tndia Finance And Housing Limited
 Coral lndia Finance And Housing Limited

coral fndta n»snce And Houstng Limited

USN
Tiü e dfthd Study Organization Orgnnizntion Study
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 Coral India Finance And Housing Limited

COFdl India Finance Aud Housing LJmlted

3^!Wcck Report

Student Name

USN 3BR I9MBA60

Title of the Study Organization Study

Org8fiiZ8tiOrl
Corol Indin finance end Housing Ltd

Dumtion 1 6-08-2020 to 22-08-2020

(week start and end

date) Chapter’s covered Chapter- 3

tduring the week)

Descriptions of activities performed LIC Kensey’ S 7S framework &

Porters fi Ve fOFCC modei xvith

rclércmce of orgunizntion Study

• WC Kensey’S 7S framework
• Porters five force model

S it;n•aturc of student
 Coral India Finance And Houding Limited

Coral Indla Finance And Housing Limited

Annn ure — 4

4* Week Repori

Student Nome Joshnc.

USN 3BR l 9MBA 60

Title of lhe Shidy Organization Sludy

Orgnt'llZfltlOf1 Cortit Indin Finance und flousing Ltd

Dumtion 23-08• 2020 to 30-08-2020

(week start und end dale)

Chapter’s covered Chnplcr- 4

(during thc• is cek)

cnPti°ns of ricti i lief SWOT .'t iinI}'sls

V*% ° durlniJ thC °‘eek Collcctctl diiia rclnteci to its SWOT

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stnndords ond eomnrimg with actunls