A Study of Financial Performance of MTNL A PROJECT REPORTONA STUDY OF FINANCIAL PERFORMANCE OF MTNL

Submitted in partial fulfillment of the requirement of Master of Business Administration (MBA)Guru Jambheshwar University Hisar

Supervisor: SUBMITTED BY:MANMEET KAUR ANIRUDH MISHRA (Senior Faculty) Enrollment No. 13061101071MBA, Exp. 5-YearsCourse: MBA/ IVth Semester Specialization: (FINANCE) SESSION: 2013-2015

DIRECTORATE OF DISTANCE EDUCATION GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR (INDIA)

ANNEXURE-II

DIRECTORATE OF DISTANCE EDUCATION GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR (INDIA)

FORMAT FOR RESUME OF SUPERVISOR/GUIDE1. Name: Manmeet Kaur2. Designation :Senior Faculty3. Qualification :MBA4. Area of Specialization:FINANCE5. Experience :5-Years6. Official Address:CDC, A-19, Omkar Deep Building Connaught Place, New Delhi-1100017. Telephone No.:011-233222548. Mobile No.:82856042849. Email ID:..

I am willing to supervise Mr. Anirudh MishraEnrollment No. 13061101071On the topic: A Study of Financial Performance of MTNL

(Signature) with Seal

Countersigned by Director of Study Centre with SEAL

ANNEXURE-IIICERTIFICATE

This is to certify that Mr. Anirudh Mishra, Enrolment No. 13061101071 has completed under my supervision his Research Project Report on A Study of Financial Performance of MTNL in the specialization area Finance

The work embodied in this report is original and is of the standard expected of an MBA student and has not been submitted in part or full to this or any other university for the award of any degree or diploma. He has completed all requirements of guidelines for the Research Project Report and the work is fit for evaluations.

Signature of Supervisor/Guide (with SEAL)

Name: Manmeet Kaur Designation1:Senior Faculty Organization:Centre Delhi Centre

Forwarded by Head/Director of Study Centre (with signature, Name & SEAL)

ANNEXURE-IVDECLARATION

This is to certify that the Project Report A Study of Financial Performance of MTNL is my original work and this has not been submitted in part or full to this or any other university/institution for the award of any degree or diploma.

Signature of Candidate: Name: Anirudh MishraEnrollment No: 13061101071Sepcialization : FINANCESession: 2013-2015

ANNEXURE-V

ACKNOWLEDGEMENT

I have prepared this study paper for the A Study of Financial Performance of MTNL Quite frankly, I have derived the contents and approach of this study paper through discussions with colleagues who are also the students of this course as well as with the help of various Books, Magazines and Newspapers etc.

I would like to give my sincere thanks to a host of friends and the teachers who, through their guidance, enthusiasm and counseling helped me enormously. As I think there will always be a need of improvement. Apart from this, I hope this study paper would stimulate the need of thinking and discussion on the topics like this one.

Anirudh MishraEnrollment No.: 13061101071Sepcialization: FINANCE

EXECUTIVE SUMMARY

The project selected by me is Financial Statements Analysis one of the most important aims of this project is to identify the financial strength in weakness of the business by properly establishing relationship between the items of financial statements.

MTNL was set up on 1st April 1986 by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of Indias key metros Delhi, the political capital and Mumbai, the business capital of India.

A distinction, being a government undertaking MTNL has proved its efficiency over the years. It also ranked as a NAV-RATN company by the government of India.

The training report is the presentation of my observation at the MAHANAGAR TELEPHONE NIGAM LIMITED.

TABLE OF CONTENTS

CHAPTER -1: INTRODUCTION===========================1-7 Introduction About Project Introduction of Telecom over all Industry Statement of the Problem: Players in the market Financial performance of Telecom Industry of India & China Introduction

CHAPTER -2: LITERATURE REVIEW=====================8-38 Comparison Company profile the organization, About MTNL Corporate objective Historical background Disinvestment/global depository receipts Millennium telecom limited Finance Shareholding and dividend Capital expenditure Joint ventures Mahanagar Telephone Mauritius limited (MTML) Market share of MTNL in total subscriber base Performance indicators in other areas Average Revenue Per User (ARPU) Minutes of usages per subscriber of mobile GSM (MOU) Opex per subscriber Financial statements analysis: Significance of the study The term financial statements include. Industry screener Procedure of financial statement analysis

CHAPTER-3: OBJECTIVES OF THE STUDY=================39-40

CHAPTER -4: RESEARCH METHODOLOGY ===============41-44 Research design Nature and sources of data Analysis of the data or the methodology Limitations of analysis No availability of current data Lack of experience

CHAPTER-5: DATA ANALYSIS===========================45-74 Data analysis, financial performance & interpretation Conceptual framework of the project Ratio analysis Financial graphical analysis

CHAPTER-6: CONCLUSION & SUGGESTION ================75-78

BIBLIOGRAPHY=============================79-80APPENDIX==================================81-93 Annual Report, Balance Sheets

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