`A

PROJECT REPORT ON
LAXMI FURNITURE

SUBMITTED BY

PRASHANT MAHAJAN

UNDER THE GUIDANCE OF

P R O F . YOGESH
BHUSARI
SEAT NO.
SUBMITTED TO
SAVITRIBAI PHULE PUNE UNIVERSITY

SUBMITTED IN PARTIAL FULFILLMENT OF

BACHELOR OF BUSINESS ADMINISTRATION

INDIRA COLLEGE OF COMMERCE AND SCIENCE
(2019-2022)
1
 Declaration

I, PRASHANT MAHAJAN, hereby declare that the project report titled

“COMPARATIVE ANALYSIS named “LAXMI FURNITURE’’
It has not been submitted to any other university or institute towards the award
of any degree.

INTERNAL EXAMINATION EXTERNAL EXAMINATION

HOD
Dr Thomson Vargese

2
3
 TO WHOM IT MAY CONCERN

CERTIFICATE

This Is To Certify That MR.PRASHANT MAHAJAN Student Of Indira

College Of Commerce and science, Pune BBA Has Successfully
Completed 28 Days From 4th APRIL To 2nd MAY Of Internship
Programme At Trend Electronics.

During The Internship Mr.PRASHANT MAHAJAN Has Closely Worked As

A Part Of Comparative Analysis Of Trend Electronics.

He Demonstrated Good Financial Skill And Strategy With Self-Motivated

Attitude To Learn New Things. His Contribution To Creative Ideas ,
Sponsorship, Presentation And Study Of Difference Finance Strategy.

We Wish Him All The Best For His Future Endeavors.

ROHIT MOOLYA Burhanpur

OWNER OF FURNITURES 8765955321

4
 Acknowledgement

It gives me great honor while expressing my sense of gratitude

towards all those who helped and guided me during this project.

I would also like to thank my faculty guide Prof. Yogesh Bhusari of

Indira College of Commerce and Science, Pune for his complete
guidance and encouragement in the Completion of this project

I would also take the opportunity to thank Dr. Janardan Pawar

(Principal Incharge) and Thomson Varghese (HOD- BBA and BBA
IB) of Indira College of Commerce and Science, Pune for giving me
an opportunity to be a part of this institution and encouraging me to
complete this project.

I would also like to thank to colleagues working for Capita India Pvt
Ltd for their Encouragement and support during my project and also
to all those who have helped me directly or indirectly in preparing
this project report.

Place: Date:

5
 INDEX
S.NO Description Sign

1 COMPARATIVE
ANLYSIS

2 COMPANY
PROFILE

3 INFORMATION
ABOUT PROJECT

4 COMPARATIVE
ANLYSIS ON
TREND
5 CONCLUSION

6
LESSON TOPIC PAGE
NO.
CHAPTER COMPARATIVE ANALYSIS 7
1
1.1 INTRODUCTION 8
1.2 TYPES OF COMPARATIVE 10
1.3 OBJECTIVES 11
1.4 ADVANTAGES 12
1.5 DISADVANTAGES 13
CHAPTER COMPANY PROFILE 14
2
CHAPTER INFORMATION ABOUT 16
3 PROJECT
3.1 BALANCE SHEET WITH 17
NOTES TO ACCOUNT

7
CHAPTER COMPARTIVE ANALYSIS 26
4 OF LAXMI FURNITURE

4.1 COMPARATIVE ANALYSIS 27

ON BALANCE SHEET
4.2 DATA ANALYSIS 34
CHAPTER CONCLUSION 38
5

8
 CHAPTER-1

INTRODUCTION

COMPARATIVE ANALYSIS

9
 INTRODUCTION

A comparative balance sheet presents side-by-side information about

an entity's assets, liabilities, and shareholders' equity as of multiple
points in time. For example, a comparative balance sheet could
present the balance sheet as of the end of each year for the past
three years. Another variation is to present the balance sheet as of
the end of each month for the past 12 months on a rolling basis. In
both cases, the intent is to provide the reader with a series of
snapshots of a company's financial position over time, which is useful
for developing trend line analyses (though this works better when the
reader has the entire set of financial statements to work with and not
just the balance sheet).

The comparative balance sheet is not required under GAAP for a

privately-held company or a nonprofit entity, but the SEC does
require it in numerous circumstances for the reports issued by
publicly-held companies, particularly the annual Form 10-K and the
quarterly Form 10-Q. The usual SEC requirement is to report a
comparative balance sheet for the past two years (with additional
requirements for quarterly reporting).

There is no standard format for a comparative balance sheet. It is

somewhat more common to report the balance sheet as of the least
recent period furthest to the right, though the reverse is the case
when you are reporting balance sheets in a trailing twelve-months
forma

10
A comparative analysis is one of the widely used tools to analyze
financial statements. It is an act of comparing the report for 2 or
more financial years or any given period. A comparative balance
sheet is one of the most sought financial statement by the business.
The biggest advantage of comparing financial statements over time is
discovering trends, analyzing the findings and taking suitable
decisions.

To define comparative financial statements, it’s a financial statement

which represents the financial position over different periods of time.
The financial position is represented in a comparative form to give an
idea of financial position at two or more periods.

Generally, two financial statements are prepared in comparative

form for financial analysis purpose.

A comparative balance sheet is a statement that shows the financial

position of an organization over different periods for which
comparison is made or required. The financial position is compared
with 2 or more periods to depict the trend, direction of change,
analyze and take suitable actions.

Given the usefulness of the comparative balance sheet, most of the

business who have different business vertical, prepare a comparative
balance sheet in comparison with other business vertical.

In preparing a comparative balance sheet, the items are placed in

rows, and years and amounts are shown in the columns.

11
 Types of Comparative Research

There are several methods of doing comparative

analysis and Tilly (1984) distinguishes four types of
comparative analysis namely: individualizing,
universalizing, variation-finding and encompassing
(p.82). Adding to the types of comparative analysis,
May (1993, as cited in Azarian 2011, p. 117) offers a
four-folded typology, including the import-mirror view,
the difference view, the theory-development view and,
finally, the prediction view. These types are similar to
that suggested by Tilly (1984) which are elaborated
below

Individualizing comparison contrasts ‘a small number

of cases in order to grasp the peculiarities of each case’
(1984, p. 82). This basically involves
describing fully the characteristics or features each of
the cases being studied. This helps to broaden our
knowledge and gives insight to see cases in-depth. This
method cannot be said to be truly comparative but
makes use of comparison in a small aspect of the
research (Fredrickson, 1997).

12
 OBJECTIVES OF COMPARATIVE BALANCE SHEET

Assessment of Past Performance and Current Position:

Past performance is often a good indicator of future performance.
Therefore, an investor or creditor is interested in the trend of past
sales, expenses, net income, cash flow and return on investment.
These trends offer a means for judging management’s past
performance and are possible indicators of future performance.

2.Prediction of Net Income and Growth Prospects:

The financial statement
analysis helps in predicting the earning prospects and growth rates in
the earnings which are used by investors while comparing investment
alternatives and other users interested in judging the earning
potential of business enterprises. Investors also consider the risk or
uncertainty associated with the expected return.

3. Prediction of Bankruptcy and Failure:

Financial statement analysis is a significant tool in predicting the
bankruptcy and failure probability of business enterprises. After
being aware about probable failure, both managers and investors can
take preventive measures to avoid/minimise losses. Corporate
managements can effect changes in operating policy, reorganize
financial structure or even go for voluntary liquidation to shorten the
length of time losses.

4. Loan Decision by Financial Institutions and Banks:

Financial statement analysis is used by financial institutions, loaning
agencies, banks and others to make sound loan or credit decision. In
this way, they can make proper allocation of credit among the
different borrowers. Financial statement analysis helps in
determining credit risk, deciding terms and conditions of loan if
sanctioned, interest rate, maturity date etc.

13
 Advantages of Comparative Balance Sheet

1-Comparison – It is effortless to compare the figures for the current

year with the previous years as it gives both the years’ figures in one
place. It also assists in analyzing the data of two or more companies
or subsidiaries
of one company.

2-Trend Indicator – It shows the company’s trend by putting several

years’ financial figures in one place like an Increase or Decrease in
profit, current assets, current liabilities, loans, reserves & surplus, or
any other items that help investors make the decision.

3-Ratio Analysis – Financial ratio is derived from the balance sheet

items. The comparative balance sheet’s financial ratio of two years of
two companies can be derived to analyze the company’s financial
status. For example, the current ratio is derived with the help of
current assets

4- Compare performance with the Industry Performance – Helps to

compare one company’s performance with another company or the
industry’s average performance.

5-Helps in Forecasting – It also helps in forecasting because it

provides the past trend of the company based on which the
management can forecast the company’s financial position.

14
 Disadvantages

1-Uniformity in Policy and Principles – Comparative balance sheets

will not give the correct comparison if two companies have adopted
different policies and accounting principles while preparing the
balance sheet or if the same company has adopted other accounting
methods in two additional years.

2-Inflationary Effect is not Considered – While preparing the

comparative balance sheet, the inflation effect is not considered.
Therefore, only a comparison with other balance sheets will not give
the correct picture of the company’s trend.

3-Market Situation and Political Conditions not Considered – While

preparing the comparative balance sheet, marketing conditions,
political environment, or any factor affecting the company’s business
are not considered. Therefore, it does not give the correct picture
every time. For example, suppose the overall economy
is going down in the current year, or the political condition is
unstable compared to last year. In that case, it will decrease the
demand, and general company sales will experience de-growth, not
because of its performance but external factors.

4-Misleading Information – Sometimes, it gives misleading

information, thus, misguiding the person who reads the comparative
balance sheet. For example, if a product was unavailable for last year
and is available for the current year, it will show a 100% change over
the previous year. It implies that one needs to read the complete
financial statement, not just a comparative balance sheet.

15
 CHAPTER-2

COMPANY PROFILE

16
 COMPANY PROFILE

INTRODUCTION

Laxmi Furniture Was First Established By Rohit Moolya On Year 2002

In Gandhi Chowk Along With His Brother Prajwal Moolya As The Time
Passes People’s Interest Toward Electronics Goods And Services Tend
To Increase With An Intrambus Percentage That Effected The The
Entire Business In Positive Ways Such As Increase In Demand And
Cash Flow Of Account With High Sale. As The Time Passes The
Business Increase In More Trust In Market And Growth In Market
Anolg With Good Reputation.
Furniture Refers To Movable Objects Intended To
Support Various Human Activities Such As Seating (e.g., Stools,
Chairs, And Sofas), Eating (Tables), Storing Items, Eating And/Or
Working With An Item, And Sleeping (e.g., Beds And Hammocks).
Furniture Is Also Used To Hold Objects At a Convenient Height For
Work (As Horizontal Surfaces Above The Ground, Such As Tables And
Desks), Or To Store Things (e.g., Cupboards, Shelves, And Drawers).
Furniture Can Be a Product Of Design And Can Be Considered a Form
Of Decorative Art. In Addition To Furniture's Functional Role, It Can
Serve a Symbolic Or Religious Purpose. It Can Be Made From a Vast
Multitude Of Materials, Including Metal, Plastic, And Wood. Furniture
Can Be Made Using a Variety Of Woodworking Joints Which Often
Reflects The Local Culture.

17
CHAPTER-3

INFORMATION
AND DATA
FOR THE
PROJECT

18
 LAXMI FURNITURE BURHANPUR
BALANCE SHEET
YEAR 2021/2020/2019

12 mths 12 mths 12 mths

Assets & Properties

BALANCE SHEET OF LAXMI MAR 21 MAR 20 MAR 19

FURNITURE

Furniture 13991=0170 15546=00 17273=00

Mobil 3638=00 4280=00 5035=00

Car Ertige 548250=00 00=00 00=00

House Purchase 3115550=00 3115550=00 00=00

Closing Stok 11049907=0 10767425=00 16158247=00

0

Amount Receble G.S.T 00=00 1348698=00 00=00

Panjab National Bank 15026=24 6625=17 687=04

19
Cash In Hand 24067=00 636868=00 25460=00

Total 15170429=24 15894992=1 19322243=04

7

20
Capital & Liabilities

Propriter 2774535=24 2509872=24 2270687=53

Amarpreetsingh Girgala

Secured Loans

S.B.I Bank 2500000=00 700058=60 705048=80

Bajaj Finser LTD 00 40844=00 259220=00

Bajaj Finserv LTD R.F 00 632429=47 4320=72

Anupam Fince 90500=00 229091=00 241953=00

H.D.B.I Financial service 4840894=00 284572=00 5692925=00

21
Unsecured Lone

Smt Nalini Ramesh 350000=00 350000=00 350000=00

Choudhary

Smt Gurdeep Kaur 400000=00 970000=00 970000=00

Amarpteet Singh

Gajendra Ramesh 00 550000=00 250000=00

Choudhary

SMT MohIni Gajendra 00 550000=00 250000=00

Choudhary

Ashwin Chand 50000=00 50000=00 00

22
Satnam Singh 400000=00 400000=00 00=00
Bindra

Chetan 300000=00 300000=00 00=00

Chandanlal
Yadav

Sundary 2418250=00 3217575=86 4912678=99

creditors

Provision
Professional Tax 2500=00 5000=00 2500=00

Audit Fess 10000=00 10000=00 10000=00

Electric Bill 3750=00 00 00

G.S.T 00 00 90000=00

Total 15170429=00 15894992=1 193222453=0

7 4

23
 LAXMI FURNITURE BURHANPUR
PROFIT & LOSS ACCOUNT
YEAR 2021/2020/2019

YEAR-2021

Particulars Amount Particulars Amount

To Shop Expenses 29660=00 By Gross Profit 1912282=00

To Salary 298000=00
To Legal Fess 9700=00
To Electric Charges 37960=00
To Bank Charges 66095=00
To Printing & Stationary 14500=00
108000=00
To Shop Rent
6970=00
To Telephone Exp
649300=00
To Interest (Bank Finance) 98947=00
To Depreciation 10000=00
To Audit Fees 2500=00
To Professional Tax 580650=00
To Net Profit

Total 1912282=00 Total 1912282=00

24
 YEAR-2020

TOTAL 1910489=00 TOTAL 1910489=00

Particulars Amount Particulars Amount

To Shop Expenses 20720=00 By Gross Profit 1910489=00

To Salary 252000=00
To Legal Fess 9700=00
To Electric Charges 42960=00
To Bank Charges 117007=39
To Printing & Stationary 14250=00
To Telephone Exp 4800=00
To Shop Rent 108000=00
To Interest (Bank Finance) 774388=90
To Depreciation 2482=00
To Audit Fees 10000=00
To Professional Tax 2500=00
To Net Profit 551680=00

YEAR-2019

25
Particulars Amount Particulars Amount

To Shop Expenses 17945=71 By Gross Profit 1766285=00

To Salary 258000=00
To Legal Fess 6000=00
To Electric Charges 39887=00
To Bank Charges 206093=16=00
To Printing & Stationary 8410=00
To Telephone Exp 5109=00
To Interest (Bank Finance) 660347=28
To Depreciation 2808=00
To Audit Fees 10000=00
To Professional Tax 2500=00
To Net Profit 549184=85

Total 1766285=00 TOTAL 1766285=00

26
 FORMULA OF COMPARATIVE ANALYSIS

ABSOLUTE CHANGE FORMULA: CURRENT YEAR – PREVIOUS YEAR

PRECENTAGE CHANGE: CUREENT YEAR – PREVIOUS YEAR x 100

PREVIOUS YEAR

27
 CHAPTER-4

COMPARATIVE ANALYSIS
OF LAXMI FURNITURE

28
 LAXMI FURNITURE BURHANPUR
COMPARATIVE BALANCE SHEET
YEAR 2021/2020/2019

MAR 19-20 MAR 20-21

ABSOULTE % OF CHANGE ABSOULTE % OF

CHANGE CHANGE CHANGE

ASSET AND PROPERTIES

Furniture (1727) (9.99) (1555) (10)

Mobile (755) (14.99) (642) (15)

0
Car Ertiga 0.00 0.00 .00 0.00

House Purchase 0.00 0.00 0.00 0.00

29
 Closing Stok

Amount Recebal G.S.T (5390822) (33.36) 282482 2.623

Panjab National Bank 5938 864.33 8401 126.80

Cash In Hand 611408 2401.44 (612801) (96.22)

TOTAL NON-CURRENT LIABILITIES (3427251) (17.73) (724563) (4.55)

30
 Capital Liabilities

Secured Loans

Propriter Amarpreet singh Girgala 239185 10.53 264663 10.54

S.B.I Bank (4990) (0.70) 1799942 257.11

(
Bajaj Finser LTD 218376) (84.24) 0.00 0.00

Bajaj Finser LTD R.F 628109 14539.56 0.00 0.00

Anupam Fince (12862) (5.31) (138597) (60.49)

1
H.D.B.I Financial Service (5408353) (95.001) 4556322 601.11

H.D.B.I Financial 0.00 0.00 (4065549) (79.78)

31
 UNSECURED LONE

SMT Nalini Ramesh 0.00 0.00 0.00 0.00

Choudhary

SMTGurdeep kaur 0.00 0.00 (570000) (58.76)

Amarpreet Sing

Gajendra Ramesh 300000 120 0.00 0.00

Choudhary

SMT Mohini Gajendra 300000 120 0.00 0.00

Choudhsary

Ashwin Chand 0.00 0.00 0.00 0.00

Satnam Singh Bindra 0.00 0.00 0.00 0.00

Chetan Chandanlal Yadav 0.00 0.00 0.00 0.00

32
Sundary Creditors (1695103) (34.50) (799325) (24.84)

Provision 2500 100 (2500) (50)

Professional Tax

Audit Fees 0.00 0.00 0.00 0.00

Electric Bill 0.00 0.00 0.00 0.00

G.S.T 0.00 0.00 0.00 0.00

(177327461) (91.77) (724563) (4.55)

TOTAL

33
 COMPARATIVE ANALYSIS OF
PROFIT & LOSS ACCOUNT LAXMI FURNITURE
FOR THE YEAR 2019,20,21

MAR 19-20 MAR 20-21

ABSOULTE % OF ABSOULTE % OF CHANGE

CHANGE CHANGE CHANGE

TO TELEPHONE
To Shop Expenses EXP (309) 2 (6.04)
15.46 2170
8940 45.20
43.14
775

To Salary (6000) (2.32) 46000 18.25

TO INTEREST (BANK 114041 17.26 (125088) (16.15)
FINANCE)
To LEGAL FEES 43700 61.66 0.00
0.00

TODEPRECIATION
TO ELECTRIC CHARGES 3073 7.70
(11.60) 13000
96465 30.26
3886.46
(326)

TO BANK CHARGES 117007 56.77 (50912) (43.05)

TO AUDIT FEES (7518) (75.18) 0.00 0.00

TO PRINTING & 5840 69.44 250 1.75
STATIONARY

TO SHOP RENT 0.00 0.00 0.00 0.00

TO PROFESSIONAL TAX 0.00 0.00 0.00 0.00

TO NET PROIFIT 2496 0.45 28970 5.25

1442004 8.16 2793 0

TOTAL

34
 DATA
ANALYSIS

35
 Cash In Hand

636868

24067 25460
21-Mar 20-Mar 19-Mar

Cash In Hand

611408

-96.22
ABSOULTE CHANGE 2401.44
% OF CHANGE ABSOULTE CHANGE % OF CHANGE
MAR 19-20 MAR 20-21

-612801

36
 To Net Profit

580650

551680
549184

21-Mar 20-Mar 19-Mar

TO NET PROIFIT

28970

2496
ABSOULTE CHANGE % OF0.45
CHANGE ABSOULTE CHANGE % OF5.25
CHANGE
MAR 19-20 MAR 20-21

37
 To Shop Expenses

29660

20720
17945

21-Mar 20-Mar 19-Mar

To Shop Expenses

8940

2775

ABSOULTE CHANGE % OF15.46

CHANGE ABSOULTE CHANGE % OF43.14
CHANGE
MAR 19-20 MAR 20-21

38
CHAPTER-5

CONCLUSION

39
 CONCLUSION

•The Total Equity Share Capital remains constant starting from financial year 2019
to 2021. Because there was no any event of Offering the shares as a bounce share

and no splitting of share was done.

• The company utilizing its expense in a positive way from the year 2019 to 2020

And from 2020 to 2021 the company consistently shows a neutral way which

shows that company does not utilizing its expenses in a positive way.

• The net sales of the company from 2019 to 2020 is consistently increasing by

40%n and from 2020 to 2021 there is a decline in net sale by 10%n due to

pandemic hit after 2021 company start increasing its net sales.

• he net profit of the company from 2019 to 2020 is in a positive side but in 2021
the profit of the company neutral.

40