INTRODUCTION OF BIRLA ERICSSON OPTICAL LIMITED

Birla Ericsson Optical Limited (BEOL), an IS/ISO 9001:2008, IS/ISO 14000:2004

IS/TS16949:2008 certified company under the M.P. Birla Group of Industries
entered into the field of optical communication, by way of manufacturing
optical fibre cables, in technical and financial collaboration with Ericsson
Cables AB, Sweden (now known as Ericsson Network Technologies AB,
Sweden). Ericsson is a leading name in telecommunication for the last 110
years, with activities ranging from turnkey telecom networks to Cellular Mobile
Telephone System and Business Communication. M/s Ericsson Cables AB is the
pioneers in S-Z standing and Ribbon Cables technologies for Optical Fibre
Cable.
BEOL has installed capacity of above more than 53000 cable Kms per
annum to produce complete range of optical fibre cables including ribbon type
optic fibre cable made to design and construction conforming to nation and
international standards. BEOL has the capability to produce specialty fibre
optic cables for use in medical equipment, computers and local area networks,
cable TV network or any other type as per customized specification.
BEOL also has installed capacity to produce 43.25 lac conductor kms of
jellery filled copper telephone cables complying with national and international
standards ranging from 5 pair to 2400 pair and also has capability to produce
switchboard cables for switching equipment.
BEOL has fully computerized system for process monitoring and quality
control to ensure consistency and reliability of its entire product range. All
production activities are carried out as per approved quality assurance plan
BEOL, therefore, provides the best possible solution with latest state of the art
technology.
BEOL has an exclusive marketing agreement with M/s AFL
Telecommunication for sale of hi-tech overhead fibre optic cables, especially
OPGW and associated accessories which find application with electric power
utilities etc.
BEOL has marketing arrangement with M/S ILSINTECH Co. Ltd. Korea
for Optical Fibre Cleavers and with M/S Ericsson Network Technologies AB,
Sweden for Optical Fibre Fusion Supplier.
 DIMENSION OF BIRLA ERICSSON OPTICAL LIMITED

BEOL also has the capability to produce specialty cables for use in medical
equipment, computers and local area networks, cable TV Network or any other
type of special fibre optical based on customer specifications.
BEOL also has diversified into jelly filled copper Telephone cable
and Switchboard Cables for switching equipment. Capacity exists to produce
cables into any national or international specifications BE has an installed
capacity of produce 43.25 lakh conductor km of copper cables per annum.
BEOL has achieved the distinctive recognition of an internationally
acclaimed Quality Assurance System ‘IS/ISO 9001’ certified the Bureau of
Indian Standards (Accredited by Road voor de Certificate, Netherlands.)
The above certification has been granted for “Design, Development,
Manufacture & Supply of Optical Fibre Telecommunications Cables,
polyethylene insulated jelly filled telecommunications cables and supply of
accessories for optical telecommunications cables.”
All production activities are carried out as per Indian Department of
Telecommunications (Bharat Sanchar Nigam Limited) & Ericsson Cables
approved Quality Assurance Plan. BE, therefore, provides you with the best
possible solution with latest State-of-the-Art technology.
 VISION & MISSION OF BIRLA ERICSSON OPTICAL LIMITED

VISION: To be the first choice of delivery of successful projects

and solutions which exceed the expectations of our
Customers.

MISSION: To deliver the very best to its customers, shareholders

and employees bearing in mind its commitment to the
welfare of society at large.
 QUALITY POLICY

Birla Ericsson Optical Limited is committed to consistently provide

products that meet customer requirements and applicable
regulatory requirements through effective implementation of the
Quality Management System.

THEY AIM AT :-

 Continuously improving the effectiveness of the Quality

Management System.
 Zero Break-Down & Zero Defect.
 Optimum Utilization of resources.
 Increasing Productivity by improving Overall Equipment
Effectiveness.
 ENVIRONMENT POLICY

Birla Ericsson Optical Limited is committed to:

 Abide by applicable Environmental Legislation and

ensure that our activities cause minimum harm to
environment.

 Set up our own challenging targets for continual

improvement and prevention of pollution.

 Make optimum utilization of resources with minimum

waste generation in our operations.

 Ensure our wastes can be recycled.

CODE OF CONDUCT FOR THE DIRECTORS & THE
MANAGEMENT TEAM

Birla Ericsson Optical Limited, an M.P.Birla Group Company, firmly

believes in and has consistently endeavored to practice good
corporate governance and has acted as a good corporate citizen all
along.

The spirit of Corporate Governance prevailed in the Company and

influenced its decisions and policies long before the guidelines
became mandatory. The Company ensures that the control systems
are adequate as the Board of Directors frames the policies and charts
the path to be treaded by the Company in its voyage for growth. The
management team comprising of President(s), Vice President(s),
General Manager(s) and Company Secretary of the Company, assists
the Board in formulating the action plans for the Company and
implements the plans and policies so formulated.

With a view to continuously maintaining the spirit and practice of

good governance, this Code of Conduct lays down a set of guidelines
for the Board of Directors and the Management team in order to
bring transparency, professionalism, accountability and responsibility
in their actions and focuses on the broader ethical issues governing
the conduct in discharging their respective functions in the Company
for realizing the ultimate objective of value addition and value
creation. It is expected that every member of the Board of Directors
and the Management team will exercise good judgment in
compliance with the principles set out in this Code and they would
avoid every circumstance which would violate the spirit of this Code
of Conduct.
The Code, applicable to each member of the Board of Directors of
the Company and the Management team, is as enumerated
hereunder:

(1) Statutory Compliances: The members shall adhere to and comply

with the provisions of all applicable laws, rules and regulations as
well as the Company’s internal guidelines and policies framed from
time to time. The members shall also endeavour to ensure that the
officers of the Company are complying with the various statutory
compliances efficiently and effectively and proper procedures are
being followed in this regard.

(2) Honest and Ethical Conduct: The members shall act honestly,
objectively and effectively in a fair and transparent manner for
advancing the interests of the Company. They must abide by the
policies and procedures framed and adopted by the Company and
must respect and adhere to ethical and fair business practices. The
members shall use due care and diligence in performing their duties
and responsibilities attached to their respective office and exercise
their powers in good faith for fulfilling their obligations towards the
Company and its Stakeholders.

(3) Conflict of Interest: The members shall avoid any situation that
would lead to or tend to lead to any conflict of interest. Conflict of
interest is a situation where personal interest may, in any way,
interfere with the interests or benefits of the Company impacting the
exercise of independent judgment while discharging one’s duties and
responsibilities. In case of a situation that involves or appears to
involve conflict of interest, the members are expected to make a
suitable disclosure to the Board of Directors of the Company and
shall abstain from participating in any discussion for such
transaction. The members are expected not to derive any improper
personal benefit or a benefit to any of their relatives from the
Company, including by making or influencing decision relating to any
transaction of the Company or its subsidiary.

(4) Confidentiality of Information: “Confidentiality of information”

includes all information of the Company not authorized by the
management for public dissemination. This includes information on
trade, trade secrets, confidential and privileged information
regarding customers, employees, information relating to mergers
and acquisitions, stock splits and divestitures, non-public information
about discussions and deliberations relating to business issues and
decisions, between and among employees, officers and Directors in
formal meetings or otherwise, and will include all such information
which is not available in the public domain at that point of time.

The Company believes that protection of all confidential information

is essential and is committed to protecting business and personal
information of confidential nature obtained from clients, associates
and employees. Directors/Senior Management shall ensure that no
confidential information is disclosed inadvertently or otherwise.

Directors/Senior Management shall ensure that all confidential

information available to them by virtue of the office including Board
Meeting papers including Agenda and Minutes, etc. that they may
hold or peruse is never directly or indirectly released or disclosed to
any person or entity, or made public.

(5) Protection & proper use of Company’s resources: The members

shall ensure that the assets and resources of the Company are
properly, judiciously and efficiently used for its business purposes
and are properly safeguarded. Any unauthorized use of the
Company’s assets should not be allowed and appropriate steps
should be taken for the same.
 MANAGEMENT TEAM
BOARD OF DIRECTORS

 MR. HARSH V. LODHA Chairman

 MR. D.R.BANSAL
 MR. MATS O.HANSSON [ALTERNATE MR.S.K.DAGA]
 MR. R.C.TAPURIAH
 DR. ARAVIND SRINIVASAN
 MR. ARUN KISHORE
 MR.K.RAGHURAMAN

AUDIT COMMITTEE

 MR. R.C.TAPURIAH Chairman

 DR. ARAVIND SRINIVASAN
 MR. ARUN KISHORE
 MR. K. RAGHURAMAN

MANAGER & CHIEF EXECUTIVE OFFICER

 MR. R.SRIDHARAN

AUDITORS

 V.SANKAR AIYAR & Co.

 CHARTERED ACCOUNTANTS
NEW DELHI

SOLICITORS

 NMS & COMPANY

NEW DELHI

BANKERS

 STATE BANK OF INDIA

 COMMITEE

Nomination and Remuneration Committee

Mr. R.C. Tapuriah (Chairman)
Mr. D.R. Bansal (Member)
Dr. Aarvind Srinivasan (Member)

Stakeholders Relationship Committee

Mr. R.C. Tapuriah (Chairman)
Mr. D.R. Bansal (Member)
Dr. Aarvind Srinivasan (Member)

For Registering & Redressal of Investor complaints:

investorgrievance@birlacables.com

Corporate Social Responsibility Committee

Mr. D.R. Bansal (Chairman)
Mr. R.C. Tapuriah (Member)
Dr. Aarvind Srinivasan (Member)

Registrar and Share Transfer Agents

M/s Link Intime India Pvt. Ltd.
(Formerly M/s Intime Spectrum Registry Ltd.)
C-13, Pannalal Silk Mills Compound,
LBS Marg, Bhandup (West),
Mumbai - 400 078
Email: rnt.helpdesk@linkintime.co.in
Website: www.linkintime.com
Listing details and Stock code

Bombay Stock Exchange Ltd. (BSE),

Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai – 400 001

National Stock Exchange of India Ltd.,(NSE),

Exchange Plaza,
Plot No.C/1,G.Block,
Bandra-Kurla Complex,
Bandra East,
Mumbai – 400 051

Stock Code
BSE, Mumbai - 500060
NSE, Mumbai – BIRLAERIC EQ

Demat ISIN Number for NSDL & CDSL

INE800A01015
 CORE STRENGTHS

Birla Ericsson Optical Limited (BEOL) has been a major player in

the telecom industry and proven core strengths like-
 Pioneer in the field of OFC & Copper Cables since 1992.
 Experienced, Skilled Engineers and work force.
 Diversified Product Range.
 Excellent Financial Strength.
 IS/ISO-9001:2008 and IS/ISO-14001:2004 certification.
 Collaboration with Ericsson Network Technologies AB of
Sweden, the world leader in Telecommunication
Industries.
 State of the art plant & machinery fully computerized &
air conditioned manufacturing facilities.
 Approval with TSEC, Indian Railways (RDSO), Engineers
Indian Ltd. Director General of Quality Assurance (Ministry
of Defence).
 CERTIFICATION DETAILS

Birla Ericsson Optical Ltd. Rewa is committed to achieve

customer satisfaction by meeting the customer’s
requirements as well as the applicable product related
statutory and regulatory requirements and has also been
awarded quality certifications from reputated agencies. The
certifications are Birla Ericsson Optical Limited (BEOL) and
ISO – 9001 and IS/ISO -14001 Company under the M.P. Birla
Group of Industries, entered into the field of Optical
Communication, by way of manufacturing fibre Optical
Cables, in technical and financial collaboration with Ericsson
Cables AB of Sweden (Now known as Ericsson Network
Technology AB of Sweden).
Ericsson is a leading name in telecommunications for
the last 110 years, with activities ranging from turnkey
telecom networks Cellular Mobile Telephone system and
Business Communications. M/s Ericsson Cables AB is the
pioneers in S-Z stranding and Ribbon cable technologies for
Optical Fibre Cable.
BEOL has fully computerized system for process
monitoring Quality control for cable production to ensure
consistency and reliability of transmission parameters.
 CUSTOMER SEGMENTS

 Basic & cellular services

 Information technology

 Refineries

 Coal Fields

 Defence

 Gas

 Power Utilities

 Cables T.V. Operators

 Railways

 Internet & Other value added services providers

 INTRODUCTION OF FINANCIAL STATEMENT ANALYSIS

Financial statements are prepared primarily for decision-making.

They play a dominant role in setting the framework of managerial
decisions. But the information provided in the financial statements is
not an end in itself as no meaningful conclusions can be drawn from
these statements alone. However, the information provided in the
financial statements is of immense use in making decisions through
analysis and interpretation of financial statements.
The purpose of financial analysis is to diagnose the information
contained in financial statements so as to judge the profitability and
financial soundness of the firm.
 Meaning : A Financial Statement is a collection of reports
about an organisation’s financial results, financial condition and
cash flows.
Financial statement analysis interpreted and analyzes the
financial statement; it refers to the process of determining
financial strengths & weakness of the firm by establishing
strategic relationship between the items of the balance sheet,
profit & loss account & other operative data.

 Definition : According to Metcalf and Titard, “Financial

statement analysis is a process of evaluating the relationship
between components parts of a financial statement to obtain a
better understanding of a firm’s position and performance”.
OBJECTIVES AND IMPORTANCE OF FINANCIAL STATEMENT
ANALYSIS

The primary objective of financial statement is to understand and

diagnose the information contained in financial statement with a
view to judge the profitability and financial soundness of the firm,
and to make forecast about future prospects of the firm. The
purpose of analysis depends upon the person interested in such
analysis and his object. However, the following purposes or
objectives of financial statements analysis may be stated to bring out
the significance of such analysis :

 To access the earning capacity or profitability of the firm.

 To access the operational efficiency and managerial
effectiveness.
 To access the short term as well as long term solvency position
of the firm.
 To identify the reasons for change in profitability and financial
position of the firm.
 To make inter firm comparison.
 To make forecasts about future prospects of the firm.
 To access the progress of the firm over a period of time.
 To help in decision making and control.
 To guide or determine the dividend action.
 To provide important information for granting credit.
 METHODS OF FINANCIAL ANALYSIS

1. COMPARITIVE STATEMENT :
The comparative financial statements are the
statements of the financial position of different periods; the
elements of financial positions are then in a comparative form
to give idea of financial position of two or more periods. The
comparative statement may show:
 Absolute figures
 Changes in absolute figures i.e. increase or decrease in absolute
figures
 Absolute data in terms of percentage
 Increase or decrease in terms of percentage
2. TREND ANALYSIS :
The financial statements may be analysed by
computing trends of series of information. This method
determines the direction upwards or downwards and involves
the computation of the percentage relationship that each
statement item bears to the same item in the base year.
3. COMMON SIZE STATEMENT :
The common size statement, balance sheet and
income statement are shown in analytical percentages. The
figures are shown as percentages of total assets, total liabilities
and total sales. The total assets are taken as of and different
assets are expressed as a percentage of the total.
4. FUND FLOW STATEMENT :
The Funds Flow Statement is a statement which
shows the movement of funds and is a report of the financial
operations of the business undertaking. It includes various
 means by which funds were obtained during a particular period
and the ways in which these funds were employed. In simple
words, it is a statement of sources and applications of funds.
5. CASH FLOW STATEMENT :
Cash Flow Statement is a statement is a statement
which describes the inflows (sources) and outflows (uses) of
cash and cash equivalents in an enterprise during a specified
period of time. Such a statement enumerates net effects of
various business transactions on cash and cash equivalents and
takes into account receipts and disbursements of cash. A cash
flow statement summarises the cause of changes in cash
position of a business enterprise between dates of two balance
sheets.
6. RATIO ANALYSIS :
A ratio is a simple mathematical expression. It is a
number expressed in terms of another number, expressing the
quantitative relationship between the two, ratio analysis is the
technique of interpretation of financial statements with the
help of various meaningful ratios.
Ratio analysis is a very important tool of financial
analysis. It is a process of establishing a significant relationship
between the items of financial statements to provide a
meaningful understanding of the performance and financial
position of the firm.
7. COST-VOLUME-PROFIT ANALYSIS :
Cost-volume-profit analysis is a technique for
studying the relationship between cost, volume and profit.
According to Herman C. Heiser, “the most significant single
factor in profit planning of the average business is the
relationship between the volume of business, costs and profits”
 OBJECTIVE AND SCOPE OF THE STUDY

The objective behind the study is to examine and observe the

financial position and cash related transaction of the company.
The prime objectives, due to which this was undertaken, are :-

 To assess the performance of B.E.O.L on the basis of

earnings.
 To make study comparative, study of operational
efficiency of similar concern engaged in the identical
industry.
 To identify the financial weakness and strengths of the
organisation.
 To determine the profitability and prospects of the
concern.

SCOPE OF THE STUDY

The scope and period of the study is being restricted to the

following:

 The scope is limited to the operations of the B.E.O.L.

 The information is obtained from the primary and
secondary data was limited to the B.E.O.L.
 The profit and loss, the balance sheet was on the last
three years.
 Comparison analysis was done by comparison of sister
units.
 SOURCES OF DATA AND METHODOLOGY

The study carried with the cooperation of the management who

permitted to carry on the study and provided the requisite data
collected from the following sources:

 Primary data
 Secondary data

PRIMARY DATA

The information collected directly without any reference

is primary data. In the study it is mainly through conversation with
concerned officers or staff members either individually or
collectively. The data includes:

1. Conducting personal interview with the officers of the

company.
2. Individual observation and inferences.
3. From the people who are directly involved with the transaction
of the firm.

SECONDARY DATA

Study has been taken from secondary sources i.e.

published annual reports of the company editing, classifying and
tabulation of the financial data. For this purpose performance data
of B.E.O.L for the years 2012-2013 to 2013-2014 has been used.
 LIMITATIONS OF THE STUDY

1. The study is confined to a period of last 3 years.

2. The response depends upon the burden of the work on the

respondents at the time of answering questions.

3. Incomplete knowledge about the subject affects the accuracy

of data.

4. The respondents sometimes are biased to some questions

subject to personal reasons.

5. Unwillingness of the respondents to answer the questions, as

they do not take seriously.
 COMPARATIVE BALANCE SHEET OF BIRLA ERICSSON
OPTICAL LIMITED AS AT MARCH 31, 2013 & 2014

As at As at Absolute Percentage
March31, March31, Change Change
2013 2014
(Rs. In lacs) (Rs. In lacs)
EQUITY AND LIABILITIES
SHAREHOLDERS’ FUNDS
Share capital 3000.00 3000.00 0 0
Reserves and surplus 3224.30 4797.37 1573.07 32.79%
NON-CURRENT LIABILITIES
Long term borrowing 12.65 1513.34 1500.69 99.16%
Deferred tax liabilities 345 345 100%
Long-term provision 108.97 116.04 7.07 6.09%
CURRENT LIABILITIES
Short- term borrowing 3336.42 3195.55 -140.87 -4.22%
Trade payables 3653.56 9283.08 5629.52 60.64%
Other current liabilities 636.84 500.92 -135.92 -21.34%
Short- term provisions 111.98 455.67 343.69 75.42%
TOTAL 14084.72 23206.97 9122.25 39.31%

ASSETS
NON-CURRENT ASSETS
Tangible assets 2970.22 3848.11 877.89 22.81%
Intangible assets 1.1 0.08 -1.02 -92.72%
Capital work-in-progress 401.64 144.35 -257.29 -64.06%
Non-current investment 1406.19 1406.19 0 0
Long-term loans and advances 138.13 460.06 321.93 69.97%
Other non-current assets 195.88 195.88 100%
CURRENT ASSETS
Inventories 2970.87 5341.13 2370.26 44.37%
Trade receivables 3734.13 9393.54 5659.41 60.24%
Cash & cash equivalents 700.84 649.5 -51.34 -7.32%
Short-term loans and 1719.18 1706.68 -12.5 -0.72%
advances
Other current assets 42.42 61.45 19.03 30.96%
TOTAL 14084.72 23206.97 9122.25 39.31%
 ANALYSIS AND INTERPRETATION

After the analysis of Annual Report of Birla Ericsson Optical

Limited we interpret its result taking following points into
consideration which are:-
a) The comparative balance sheet of the company
reveals that during 2014 there has been an increase
in the current assets by Rs.7984.86 lacs i.e. 46.55%.
b) There is an increase in the inventories by 44.37% i.e.
in the year 2014 the inventories increased by
Rs.2370.26 lacs.
c) There is an increase in the profit of the company by
1355.38 lacs i.e. 70.44%.
d) Operating and general expenses increase due to
higher volume of business.
e) The cash and cash equivalents for the year has
decreased by 7.32%.
f) There is an increase in long-term loans by 69.97% i.e.
in the year 2014 the long-term loans increased by Rs.
321.93 lacs.
g) There has been an increase in current liabilities by
Rs.5696.42 lacs i.e. 42.39%.
h) There is an increase in reserves and surplus by
Rs.1573.07 lacs i.e. 20.17%.
i) There is an increase in working capital by Rs.2288.44
lacs i.e. 60.56%.
 CONCLUSION

After studying and analyzing the conclusion part includes that

Birla Ericsson Optical Limited has a very fast growth of peace.
B.E.O.L has run successfully for the last 110 years as it has
gained success.
a) Increase in working capital shows the
improvement in the current financial position of
the business.
b) Increase in reserve and surplus shows the
increase in profit of the business.
c) Increase in long-term loans shows the increase
in liability of the firm.
d) The decrease in cash is not good for the
business.
e) The increase in current assets helps to increase
in working capital which helps to maintain the
financial position of the business.
 SUGGESSTIONS

1. Analysis performance of every section and maintains

every days records.
2. Even to verify and examine the correctness and
accuracy of the decision already taken on the basis of
intuition, analysis and interpretation are essential.
3. The management should keep an eye over the
position of the company. If possibly they should raise
loans independently.
4. The management should try to decrease direct and
indirect expenses as much as possible.
5. Decision based on scientific analysis and
interpretation are relative and easily to be read and
understood by other people.
6. The investment in loans and advances should be
minimized to possible extent.
7. Effective internal control system should be
established. So that it can have control over all
aspects of the company.
 BIBLIOGRAPHY

 Financial Management
Dr. Shashi K. Gupta
Dr. R.K. Sharma
 Financial Management
Dr. I.M. Pandey
 www.birlaericsson.com
 www.birlacables.com
 Standing operating practical in Birla Ericsson Optical
Limited, Rewa (M.P.)
 Annual report and accounts 2013-14 of Birla Ericsson
Optical Limited.
 Operational Statistics
 DECLARATION

I Shivpali Pradhan student of People’s Institute of Management and

Research hereby declare that the Project Report entitled "Financial Statement

Analysis of Birla Ericsson Optical Limited” has been prepared by me during

the year 2014-2016 in partial fulfilment of the degree of MASTER OF

BUSINESS ADMINISTRATION.

I hereby declare that the project work is the result of my own efforts and

it hasn’t been submitted to any other university for the award of any degree or

diploma.

SHIVPALI PRADHAN

PEOPLE’S INSTITUTE

OF MANAGEMENT &

RESEARCH
 ACKNOWLEDGEMENT

I express my sincere gratitude to management of

“BIRLA ERICSSON OPTICAL LIMITED” for allowing me to
conduct the study in their organization.
I wish to acknowledge with a deep sense of gratitude
to Mr. Pawan Srivastav for his faithful guidance and the
suggestion for the completion of my project work.
Finally, I am very much thankful to my parents and
guardians to complete my project work by providing the
things which I needed to make this project work on time and
successfully.

DATE:
PLACE:

SHIVPALI PRADHAN

MBA (FINANCE)
 CONTENTS
CHAPTER-1
COMPANY PROFILE
- Introduction of BEOL
- Dimension of BEOL
- Vision & Mission
- Quality Policy
- Environment Policy
- Code of Conduct
- Management Team
- Committee
- Core Strengths
- Certification Details
- Consumer Segments
CHAPTER-2
INTRODUCTION OF TOPIC
- Introduction of financial statement analysis
- Objectives & Importance
- Methods
CHAPTER-3
RESEARCH METHODOLOGY
- Objective & Scope of the study
- Source of data and methodology
- Limitations of the study
CHAPTER-4
DATA PRESENTATION AND ANALYSIS
CHAPTER-5
CONCLUSION AND SUGGESSTIONS
BIBLIOGRAPHY
 CHAPTER-1
COMPANY PROFILE
- Introduction of BEOL
- Dimension of BEOL
- Vision & Mission
- Quality Policy
- Environment Policy
- Code of Conduct
- Management Team
- Committee
- Core Strengths
- Certification Details
- Consumer Segments
 CHAPTER-2

INTRODUCTION OF TOPIC

- Introduction of financial statement analysis

- Objectives & Importance

- Methods
 CHAPTER-3

RESEARCH METHODOLOGY

- Objective & Scope of the study

- Source of data and methodology

- Limitations of the study

 CHAPTER-4

DATA PRESENTATION AND ANALYSIS

- Comparative Balance sheet of B.E.O.L

- Analysis and Interpretation

 CHAPTER-5

CONCLUSION

AND

SUGGESSTION
 A
PROJECT REPORT
ON
“FINANCIAL STATEMENT ANALYSIS OF BIRLA
ERICSSON OPTICAL LIMITED”
Submitted for the partial fulfilment of the degree of

M.B.A (Finance)

PEOPLE’S INSTITUTE OF MANAGEMENT AND

RESEARCH, BHOPAL (M.P.)
YEAR: 2014-2016

GUIDED BY : SUBMITTED BY :
Mr. Pawan Srivastav Shivpali Pradhan
Finance Department M.B.A (Finance) IInd sem

Birla Ericsson Optical Limited Session: 2014-2016

Rewa (M.P.) P.I.M.R, Bhopal (M.P.)