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By (Group 8) Madhuman Mishra (PGP27089) Mayank Gupta (PGP27090) Mrinalini Pandit (PGP27091) Pradnya Baburao Shirsat (PGP27099) Raj Kumar Binani (PGP27104) Rakshit Sinha(PGP27108) Vidushi Agarwal (PGP27131)
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FINANCIAL REPORTS
Business functions : IT, Finance, R&D, HR etc HUL provides a forward-looking outlook as a separate section where they first detail out the growth prospects of Indian economy and its trickle-down effect on the FMCG sector.
CORPORATE GOVERNANCE
P&G:
Strong focus on compliance to government policies, ensuring accuracy of its statements, its policies related to lobbying, bribery, political contributions etc
Detailed policy guidelines related to employee behaviour, wages, working hours, employee privacy, HIV/AIDS policy, dealings with customers and suppliers, research involving animals, its commitment to society and environment
HUL:
Focussed more on product quality, environment sensitivity, safety and health of employees and giving equal employment opportunities
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DEFERRED TAXES
Excise and Sales Tax provisions Voluntary retirement schemes. Depreciation Other timing differences
Retirement scheme.
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HUL has net deferred tax assets whereas P&G has net deferred tax liabilities.
DEFERRED TAXES
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DEFERRED TAXES
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P/E Ratio
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Evaluate the expected returns on a stock The compounded annual growth rate of P&G is least of all.
Return on Equity
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CURRENT RATIO
Ideal current ratio = 2:1 P&G has higher current ratio which is also close to 2:1 It is hence in a better position to meet its current obligations
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QUICK RATIO
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Represents the number of time average dues from customers are collected. Higher ratio represents better collection policy from debtors
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Higher ratio is better for a company to meet its interest obligations. Higher ratios increases the credibility of the company in the eyes of creditors
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Gives an idea as to what percentage of the companys finances had come from loans and equity. Higher D/E ratio tells that the company has taken more loans
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This ratio gives the Net profit margin of the company, net profit as a fraction of the sales
Thank You
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