Beruflich Dokumente
Kultur Dokumente
BY
SHRIKANT SAHU
IN THE ACADEMIC YEAR 2015-16
UNIVERCITY OF MUMBAI
UNDER THE GUIDANCE
Prof. RAJIV MISHRA
SUBMITTED FOR QUALIFYING IN
M.COM SEMESTER I
EXAMINATION
V.K KRISHANA MENON COLLAGE
OF
COMMERCE AND ECONOMICS &
SHARAD
CERTIFICATE
This is to certified that project in the subject of Strategic
Management undertaken by Miss Rajiv Mishra , Mcom
Semester I Examination
(Academic Year 2015-16 ) has not been submitted for any other
examination
and does not form part of any courses under gone by the
candidate . It is
further certified that he have completed all required phases of
the project.
-----------------------Internal Examiner
---------------------------College Seal
-----------------------------------------------------External Examiner
Principal
DECLARATION
I , SHRIKANT SAHU of M.COM Semester-I , Roll No .
48.
Hereby declare that the Project Title CORPORATE PUBLISHED
SHRIKANT SAHU
ROLL .NO 48
-------------------(Signature)
ACKNOWLEDGEMENT
This Project on is a result of co- operative , hard
work and good
Wishes of many people . It Would not have been
possible without the
Kind support and help of many individuals and would
like to extend my
Sincere thanks to all of them.
for
necessary
for their
CORPORATE
PUBLISHED
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ANNUAL
REPORT
INDEX
Annual Report
Annual reports are formal financial statements that are published yearly
and sent to company stockholders and various other interested parties.
The reports assess the year's operations and discuss the companies'
view of the upcoming year and the companies' place and prospects.
Both for-profit and not-for-profit organizations produce annual reports.
Annual reports have been a Securities and Exchange Commission
(SEC) requirement for businesses owned by the public since 1934.
Companies meet this requirement in many ways. At its most basic, an
annual report includes:
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Employees
The annual report serves many purposes with employees. It provides
management with an opportunity to praise employee innovation, quality,
teamwork, and commitment, all of which are critical components in
overall business success. In addition, an annual report can also be used
as a vehicle to relate those company successesa new contract, a new
product, cost-saving initiatives, new applications of products, expansions
into new geographiesthat have an impact on its work force. Seeing a
successful project or initiative profiled in the annual report gives
reinforcement to the employees responsible for the success.
The annual report can help increase employee understanding of the
different parts of the company. Many manufacturing locations are in
remote areas, and an employee's understanding of the company often
does not go beyond the facility where he or she works. An annual report
can be a source for learning about each of a company's product lines, its
operating locations, and who is leading the various operations. The
annual report can show employees how they fit into the "big picture."
Employees also are often shareholders. So, like other shareholders,
these employees can use the annual report to help gauge their
investment in the company. In this case, the annual report can serve as
a reminder to employees of the impact that the work they do has on the
value of the company's stock value.
Customers
Customers want to work with quality suppliers of goods and services,
and an annual report can help a company promote its image with
customers by highlighting its corporate mission and core values.
Describing company initiatives designed to improve manufacturing
processes, reduce costs, create quality, or enhance service can also
illustrate a company's customer orientation. Finally, the annual report
can also show the company's financial strength. Customers are reducing
their number of suppliers, and one evaluation criterion is financial
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strength. They want committed and capable suppliers that are going to
be around for the long term.
Suppliers
A company's abilities to meet its customers' requirements will be
seriously compromised if it is saddled with inept or undependable
suppliers. Successful companies today quickly weed out such
companies. By highlighting internal measurements of quality, innovation,
and commitment, annual reports can send an implicit message to
suppliers about the company's expectations of outside vendors.
Sometimes an annual report will even offer a profile of a supplier that the
company has found exemplary. Such a profile serves two purposes.
First, it rewards the supplier for its work and serves to further cement the
business relationship. Second, it provides the company's other suppliers
with a better understanding of the level of service desired (and the
rewards that can be reaped from such service).
The Community
Companies invariably pay a great deal of attention to their
reputation in the community or communities in which they operate, for
their reputations as corporate citizens can have a decisive impact on
bottom-line financial performance. A company would much rather be
known for its sponsorship of a benefit charity event than for poisoning a
local river, whatever its other attributes. Annual reports, then, can be
invaluable tools in burnishing a company's public image. Many annual
reports discuss community initiatives undertaken by the company,
including community renovation projects, charitable contributions,
volunteer efforts, and programs to help protect the environment. The
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Company Description
Most companies will include a description of their business segments
that includes products and markets served. Formats vary from a
separate fold-out descriptive section to a few words on the inside front
cover. A review of this section provides readers with at least a basic
understanding of what the company does.
The Letter
Whether contained under the heading of Letter to Shareholders,
Chairman's Message, or some other banner, the typical executive
message can often provide some informative data on the company's
fortunes during the previous year and its prospects for the future.
Readers should always bear in mind that it is invariably in the executive's
best interests to maintain a fundamentally upbeat tone, no matter how
troubled the company may be. This is often the most widely read portion
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Financial Summary
Most companies will include a five-, six-, ten-, or eleven-year summary of
financial data. Sales, income, dividends paid, shareholders' equity,
number of employees, and many other balance sheet items are included
in this summary. This section summarizes key data from the statements
of income, financial position, and cash flow for a number of years.
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Management/Directors
A page or more of an annual report will list the management of the
company and its board of directors, including their backgrounds and
business experience.
Investor Information
There almost always is a page that lists the company's address and
phone number, the stock transfer agent, dividend and stock price
information, and the next annual meeting date. This information is helpful
for anyone wanting additional data on the company or more information
about stock ownership.
For most companies, large or small, the financial information and the
corporate message are the most important aspects of an annual report.
Many companies also want to be sure, however, that their targeted
audiences are going to read and understand the message. This is less
essential for privately owned businesses that do not need to impress or
soothe investors, but they too recognize that disseminating a dry,
monotonous report is not in the company's best interests.
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Few major trends have shaken the tradition of annual reports, but one is
the "summary annual report." In 1987, the SEC eased its annual
reporting requirements. It allowed companies to produce a summary
annual report, rather than the traditional report with audited statements
and footnotes. Public disclosure of financial information was still
required, but with the new rulings, filing a Form 10-Kprovided it
contained this information and included audited financial data and other
required material within a company's proxy statement (another SECmandated document for shareholders)met SEC requirements.
Promoters of the summary annual report see it as a way to make the
annual report a true marketing publication without the cumbersome,
detailed financial data. Financial data are still included, but in a
condensed form in a supporting role. Since its use was approved,
however, the summary annual report has not gained widespread
support.
In some respects, annual reports are like fashions. Certain techniques,
formats, and designs are popular for a few years and then new ideas
displace the old. Several years later, the old ideas are back in vogue
again. Other formats are "classic," never seeming to go out of style or
lose their power. A key to a successful annual report is not getting
caught up in a trend, and instead deciding what works best for conveying
the message.
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