A

PROJECT REPORT
ON
FINANCIAL STATEMENT ANALYSIS
AT
BAJAJ ALLIANZ
Submitted by
K SAI RAM
[Link].1303-22-672-119
UNDER THE GUIDENCE OF
Ms. SAI JHANAVI
Project submitted in partial fulfillment for the award of the Degree
of
MASTER OF BUSINESS ADMINISTRATION

By
Department of Business Administration
Aurora's PG College (MBA)
Accredited with A+ Grade by NAAC
Peerzadiguda
(Affiliated to Osmania University)
2022 - 2024
 DECLARATION

I hereby declare that this Project Report titled A STUDY ON FINANCIAL STATEMENT

ANALYSIS AT BAJAJ ALLIANZ submitted by me to the Department of Business Management, O.U.,

Hyderabad, is a bonafide work undertaken by me and it is not submitted to any other University or Institution

for the award of any degree diploma/ certificate or published any time before.

( [Link] RAM )

HT NO : 1303-22-672-119

Aurora’s PG College Peerzadiguda,

Hyderabad Signature of the Student
 CERTIFICATION

This is to Certify that the Project Report title A STUDY ON FINANCIAL STATEMENT ANALYSIS

submitted in partial fulfillment for the award of MBA programme of Department of Business

Management,[Link], was carried out by K SAI RAM under my guidance. This has not been

submitted to any other University or Institution for the award of any degree/diploma/certificate.

Name of the Guide : Signature of the Guide :

 AURORA’S POST GRADUATE COLLEGE(MBA)
Peerzadiguda, Uppal, Hyderabad-500 092.

CERTIFICATE

This is to Certify that ____ [Link] RAM___________ bearing Hall Ticket

No.____13032272119__________ is a bonafide student of Aurora’s PG College (MBA),Uppal
in Masters of Business Administration.

This project titled ____________FINANCIAL STATEMENT ANALYSIS__________________________

which is being submitted in partial fulfilment of the requirement for the award of MBA program of

Department of Business Management of Osmania University, Hyderabad was carried out under my guidance.

This has not been submitted to any other University or Institution for the award of any

Degree/Diploma/Certificate

Signature of Student Signature of Guide

Signature of HoD Signature of Principal

 ABSTRACT

The main purpose of this study is to determine, forecast and evaluate the best of economic conditions and

company’s performance in the future. The other purpose of this study is to analyze the financial statement and

then give information for financial managers to make through decisions about their business. The financial

statement applies tools, analytical techniques and required methods for business analysis. It is a diagnostic tool

for evaluating financing activities, investment activities and operational activities as well as an assessment tool

for management decisions and other business decisions. The analysis of financial statements, respectively the

analysis of the financial reports are used by managers, shareholders, investors and all other interested parties

regarding the company's state. Managers use financial reports to see the situation in which the company stands

and then provide information to shareholders, to see how reasonable are the investments made in the company.

To potential investors. The analysis of the financial statements of the company is very important, because, first

they want to know the actual state of the company and then decide whether to invest or not.
 ACKNOWLEDGEMENT

This acknowledgement is a humble attempt to earnestly thank all those who are directly or indirectly involved

with my project and were of immense help to me.

First of all, I would like to express my sincere thanks to the Director, Dr. Srikanth Jatla Aurora’s PG College

and H.O.D, Department of Management Mr. Santosh for giving me this opportunity to carry out the project.

I acknowledge with greatest courtesy the efforts taken by [Link] JHANAVI my internal guide, who took

genuine interest in my project and helped me, understand the basic concepts of the project when necessary.

I am also thankful to my external guide ____________, at __________________who was readily willing to

help me out in the course of the project.

Name of the Student

TABLE OF CONTENT :
INDEX

[Link] CHAPTERS PAGE NO

1 CHAPTER-I 1-9
INTRODUCTION 1-4
NEED FOR THE STUDY 5-6
SCOPE OF THE STUDY 6-7
OBJECTIVES OF THE STUDY 6-7
RESEARCH METHODOLOGY 7-8
LIMITATIONS OF THE STUDY 8-9
2 CHAPTER-II 14-32
REVIEW OF LITERATURE
3 CHAPTER-III 33-36
RESEARCH METHODOLOGY
4 CHAPTER-IV 37-53
DATA ANALYSIS AND FINDINGS
5 CHAPTER-V 54-56
CONCLUSIONS 54-55
SUGGESTIONS 55-56
RECOMMENDATIONS
6 CHAPTER- VI 56-57
BIBLIOGRAPHY 57
 LIST OF TABLES

NO TABLE NAME PAGE NO

4.1 Gender of the Respondents
4.2 Age Group of the Respondents
4.3 Occupation of the Respondents
4.4 Income Per Month of the Respondents
4.5 Qualification of the Respondents
4.6 Importance of the BigData Management
4.7 Utilization of BigData
4.8 BidData help an Organization to Survive in this
Competitive World
4.9 BigData may Reduce the WorkLoad
4.10 Type of Education is needed for Utilization of BigData
4.11 Restriction to use BigData in Decision taking
4.12 Personal understanding about the BigData
4.13 Skills needed for Utilizing BigData
4.14 Statistical Skills Training needed for the BigData
4.15 Refer the Using of BigData to other for more Effective
Results
 LIST OF FIGURES

NO TABLE NAME PAGE NO

4.1 Gender Of The Respondents 62
4.2 Age Group Of The Respondents 63
4.3 Occupation Of The Respondents 64
4.4 Income Per Month Of The Respondents 65
4.5 Qualification Of The Respondents 66
4.6 Importance Of The BigData Management 67
4.7 Utilization Of BigData 68
4.8 BidData Help An Organization To Survive In This 69
Competitive World
4.9 BigData May Reduce The WorkLoad 70
4.10 Type Of Education Is Needed For Utilization Of BigData 71
4.11 Restriction To Use BigData In Decision Taking 72
4.12 Personal Understanding About The BigData 73
4.13 Skills Needed For Utilizing BigData 74
4.14 Statistical Skills Training Needed For The BigData 75
4.15 Refer The Using Of BigData To Other For More Effective 76
Results
CHAPTER-1

INTRODUCTION

Financial Statements are prepared primarily for decision-making. They play a dominant role
in setting the framework of managerial decisions. But the information in the financial
statement is not an end in itself as no meaningful can be drawn from these statements alone.
The information provided in the financial statement is of immense use in making decisions
through analysis and interpretation of financial statements. The financial analysis is the
process of identifying the financial strength and weakness of the firm by properly
establishing relationship between the items of the balance sheet and P&L A/C.

There are various methods or techniques used in analyzing financial statement such as
comparative statement, trend analysis, common size statement, schedule of changes in
working capital, fund flow and cash flow analysis, cost volume profit analysis and “RATIO
ANALYSIS”.
RATIO ANALYSIS
Ratio Analysis is one of the techniques of financial analysis where ratios are
used as a yardstick for evaluating the financial condition and performance of a firm. Analysis
and interpretation of various accounting ratios gives a skilled and experienced analyst a better
understanding of the financial condition and performance of the firm.

MEANING
A ratio is a simple arithmetic expression of the relationship of one number to
another. Ratio is relationships expressed in mathematical terms between figures which are
connected with each other in some manner.

1
DEFINITION
Ratio analysis is defined as, “The systematic use of ratios to interpret the financial statements
so that the strengths and weaknesses of the firm as well as its historical performance and
current financial condition can be determined.

This relationship can be expressed as:

1) Percentages: For example, Assuming that net profits of Rs 25,000 and Sales of Rs
1,00,000. Then the 4net profits are 25% of sales.
2) Fraction:Net profit is ¼ of sales.
3) Proportion:The relationship between net profits and sales is 1:4.
To take managerial decision the ratio of such items reveals the soundness of financial
position. Such information will be useful for creditors, shareholders management and all
other people who deal with company.

IMPORTANCE OR SIGNIFICANCE OF RATIO ANALYSIS:

The ratio analysis is one of the most powerful tools of financial analysis. It is used
as a device to analyze and interprets the financial health of enterprise. Just like a doctor
examines his patient by recording his body temperature, blood pressure etc. before making
his conclusion regarding the illness and before giving his treatment, a financial analyst
analyses the financial statements with various tools of analysis before commenting upon the
financial health or weaknesses of an enterprise. Following are the uses of ratio analysis:

1. Liquidity position
2. Long term solvency
3. Operating efficiency
4. Overall profitability
5. Inter firm comparison
6. Trend analysis.

2
Liquidity Position
With the help of ratio analysis conclusions can be drawn regarding the
liquidity position of a firm. It would be satisfactory if it is able to meet its current obligations
when they become due. A firm can be said to have the ability to meet its short-term liabilities
if it has sufficient liquid funds to pay the interest on its short maturing debt usually within a
year as well as to repay the principal. This ability is reflected in the liquidity ratios of a firm.
The liquidity ratios are particularly useful in credit analysis by banks and other suppliers of
short-term loans.

Long term solvency:

Ratio analysis is equally useful for assessing the long-term financial viability
of a firm. This aspect of the financial position of a borrower is of concern to the long-term
creditors, security analysts and the present and potential owners of a business. The long-term
solvency is measured by the leverage/capital structure and profitability ratios which focus on
earning power and operating efficiency. Ratio analysis reveals the strengths and weakness of
a firm in this respect. The leverage ratio for instance, will indicate whether a firm has
reasonable proportion of various sources of finance or if it is heavily loaded with debt in
which case its solvency is exposed to serious strain. Similarly, the various profitability ratios
would reveal whether or not the firm is able to offer adequate return to its owners consistent
with the risk involved.

Operating efficiency
Yet another dimension of the usefulness of the ratio analysis, relevant from the
viewpoint of management, is that it throws light on the degree of efficiency in the
management and utilization of its assets. The various activity ratios measure this kind of
operational efficiency. In fact, the solvency of a firm is, in the ultimate analysis, dependent
upon the sales revenues generated by the use of its assets total as well as its components.

3
Overall profitability:
Unlike the outside parties which are interested in one aspect of the financial
position of a firm, the management is constantly concerned about the overall profitability of
the enterprise. That is, they are concerned about the ability of the firm to meet its short term
as well as long term obligations to its creditors, to ensure a reasonable return to its owners
and secure optimum utilization of the assets of the firm. This is possible if an integrated view
is taken and all the ratios are considered together.
Inter- firm comparison
Ratio analysis not only throws light on the financial position of a firm but also
serves as a stepping stone to remedial measures. This is made possible due to inter-firm
comparison and comparison with industry averages. A single figure of a particular ratio is
meaningless unless it is related to some standard or norm. One of the popular techniques is to
compare the ratios of a firm with the industry average. It should be reasonably expected that
the performance of a firm should be in broad conformity with that of the industry to which it
belongs. An inter-firm comparison would demonstrate the firm’s position vis-à-vis its
competitors. If the results are at variance either with the industry average or with those of the
competitors, the firm can seek to identify the probable reasons and, in that light, take
remedial measures.
Trend Analysis
Finally, ratio analysis enables a firm to take the time dimension into account.
In other words, whether the financial position of a firm is improving or deteriorating over the
years. This is made possible by the use of trend analysis. The significance of a trend analysis
of ratios lies in the fact that the analysts can know the direction of movement, that is, whether
the movement is favorable or unfavorable. For example, the ratio may be low as compared to
the norm but the trend may be upward. On the other hand, though the present level may be
satisfactory but the trend may be a declining one.

4
NATURE OF THE STUDY

NATURE of financial management study to diagnose the information contain in financial

statement. So as to judge the profitability and financial position of the firm. Financial analyst
analyses the financial statements with various tools of analysis before commanding upon the
financial health of the firm. Essential to bring out the history Significance and meaning of the
financial statements

OBJECTIVES OF THE STUDY

 To examine liquidity position of the BAJAJ.

 To know profitability position of the BAJAJ.
 To access operational efficiency of the business through turnover ratios.
 To measure long-term solvency of the business through capital structure ratios.
 Comparative analysis of financial statements of the BAJAJ
 To measure short -term solvency of BAJAJ

5
STATEMENT OF THE PROBLEM

Financial analysis reveals the strength and weaknesses of the company by properly
establishing the relationship between the items of the balance sheet and the profit and loss
account.

SCOPE OF THE STUDY

Analysis of financial statement can be undertaken by different persons and for

different purposes, therefore, the scope of Analyzing Financial Statement may be varying
from one situation to another situation.
However, the following are some the techniques of the AFS:

a) Comparative financial statements.

b) Common-size financial statements.
c) Trend percentage analysis.
d) Statement of changes in financial position.
e) Cost-volume-profit relations, and
f) Ratio analysis and others.

The last technique i.e. The ratio analysis is the most common, comprehensive and
powerful tool of the AFS. The importance of ratio analysis lies in the fact that
it presents facts on a comparative basis. As such, this study focuses only on this (ratio)
analysis.

6
RESEARCH METHODOLOGY

Research methodology is a way to systematically solve the research

problems. It is necessary to know not only the research methods/ techniques but also the
methodology. Research methodology is a scientific study of various steps that are adopted in
research problem.

Research:
Research can be defined as the search for knowledge, or as any systematic
investigation, with an open mind, to establish novel facts, usually using a scientific method.
The primary purpose for applied research is discovering, interpreting, and the development of
methods and systems for the advancement of human knowledge on a wide variety of
scientific matters of our world and the universe.

SOURCES OF DATA
Data we collected based on two sources.
 Primary data.
 Secondary data.

Primary data
The Primary data are those information’s, which are collected afresh and for the first
time, and thus happen to be original in character.
Secondary Data:
The Secondary data are those which have already been collected by some other
agency and which have already been processed. The sources of Secondary data are Annual
Reports, browsing Internet, through magazines.

1. It includes data gathered from the annual reports of BAJAJ.

2. Articles are collected from official website of BAJAJ.

7
PERIOD OFTHESTUDY:
45 Days

TOOLS AND TECHNIQUES:

The following financial analysis tools are used in order to interpret the financial position of
the firm.
 RATIO ANALYSIS
 COMPARATIVE STATEMENT
 CASH FLOW ANALYSIS
 TREND ANALYSIS

8
LIMITATIONS OF FINANCIAL STATEMENT:

 The actual position can only be determined when the business is sold or liquidated.
 The financial statements are expressed in monetary values, so they appear to give
final and accurate position.
 The values of fixed assets in the balance sheet neither represent the value for which
fixed assets can be sold nor the amount which will be required to replace these assets.
 The financial statements are prepared on the basis of historical costs or original costs.
 The value of assets decreases with the passage of time current price changes are not
taken into account.

9
CHAPTER-II
REVIEW OF LITERATURE

The analysis books on term life insurance policies are big and cover correct lots. The
section that is following an overview that is brief on various regions of insurance
coverage analysis.

Kasturi (2016) emphasized that performance is evaluated by keeping the balance

between all the steps to experience success. The study evaluated that economic
abilities got calculated by various ratios that are financial procedures that are non-
financial indications like the direction of customers, growth, and advantages of the
societies. The measures revealed both the long-run and success that is short-term of
providers.

Malik (2019) determined the partnership of profits and interior facets of insurers in
Pakistan. For identifying specific factors, a multiple regression unit ended up being
utilized where earnings were used as focused changeable while era, size of the
organization, amount of money, leverage, and loss ratio as separate facets. The period
ended up being covered by the analysis of time from 2005 to 2009. The outcomes
suggested that there appeared to be no relationship of earnings once we get old, but
the considerable relationship is positive <blank> level of money and considerably
negative relationship with loss percentage and control

Chaudhary and Kiran (2019) noticed a scenario that is current in insurance coverage
markets in light of some improvements and rules of IRDA. The result revealed that
the insurance coverage business widened tremendously from 2015 onwards in terms
of the range of workplaces, wide selection of agents, home-based business

10
recommendations, services and items, superior income etcetera by learning different
factors. Gulati and Jain (2019) analyzed the company performance of all presence
insurance coverage companies in the industry on such basis as different indicators.
The analysis shows that even using the entryway of the personal market, the rise of
community industry task hadn't resulted in downfall also with experiencing
opportunities that are different dilemmas

Gour and Gupta (2020) determined the solvency proportion of Indian Life insurance
providers for the period of 36 months from 2017-18 to 2019-20. They evaluated
whether the efficiency of various companies got comparable or if there was
demonstrably any factor.

On the foundation of the solvency ratio, ranking had been assigned to businesses that
are different revealing that ICICI found the very best among chosen organizations of
markets followed by Birla sunshine lives, SBI, HDFC, and LIC. The report
furthermore observed that solvency of lifestyle insures be determined by profits got
from total funds which can be Pacific that is investible Business Overseas 46 w WW.
p b roentgen. co.I N Measuring Financial Performance Financial ratios are an
essential tool for the company that is continuing to gauge the progress towards
reaching its aim and additionally contending with other organizations within the
industry. Tracking various rates along with the times is a strategy that is effective
diagnose styles. It shows the union between different facets of a continuing
organization's operation in terms of marketplace disorders and gratification. Financial
rates are usually categorized bythe aspect that is financial of the company. Liquidity
Analysis proportion that is active a ratio that is financial measures whether a company
has the adequate methods to pay back brief debt burden while they fall due. The
current ratio, the greater quantity of competent the ongoing company will
undoubtedly shell out their duties. A ratio that is latest of 2:1 is generally considered
the benchmark. A percentage somewhat less than one suggests that the company that
is continuing not have resources that are adequate to accept their short-term
instalment loans. interest.

11
Neelaveni (2020)Analyzed the performance of five life insurance coverage
businesses throughout the right period of 2002-03 in terms of numerous ideas and
plans on such basis as annual growth rate. The study determined that coverage
organizations are the public sector were lagging as being a total result of opposition
encountered by exclusive insurers whereas private term life insurance organizations
got carried out better when it comes to monetary features.

Charumathi (2020) learned the facets that identify the prosperity of the existing
insurers functioning in Asia. The test for the scholarly study included 1 community
and 22 players that are the private duration of threeyears i.e. 2008-09 to 2010-11
examined. For achieving the target, regression investigations ended up singing that is
being resulted in the success of lifetime insurance companies was positively afflicted
with liquidity and size but adversely affected by control, premium development, and
assets money.

Biker (2020) investigated the competition and capabilities in the Dutch coverage
marketplace by estimating measure that is unused and measuring the capabilities
shares of the market dynamics from 1995 to 2010. Caused by the research is scholarly
that economies notably minimize with measurements of insurers and abandoned
economies of measure decided not to exist under strong competitors.

Kumari (2013) analyzed the efficiency that is the economy of general life and the
public insurance industry that is private. For this reason, various variables such as
instance number of term organizations, private sector practices, plan entry and
density, growth in advanced level income, and size of insurance markets comprise
mentioned. Financial abilities had been seen by determining different ratios that are
monetary. The analysis resulted that there has now been a growth that is significant in

12
the overall companies performance that is the overall life insurance coverage field
after privatization

Michael K. Mc Shane [Link] (2016) discovered that the profitability measure, viz.,
operating return on cash positively aboutthe regulatory opposition. Employing the
study method, Paul J.M. Klumpes (2015)3 unearthed that the elder management of
British life insurance policy providers used stuck worth for strategic administration
thinking and controls functions.

Neelaveni (2015) evaluated the efficiency of five life insurance coverage

organizations in the right period of 2002-03 with regards to numerous tactics and
techniques on such basis as annual development price. The research concluded that
term life insurance agencies are the sector that is public lagging behind due to
competition faced by individual insurers whereas exclusive term life insurance
insurance companies got performed well with regards to factors which are financial

Charumathi, (2014) lives insurance coverage businesses is custodians and managers

of considerable expenses of men and ladies; and policyholders must make sure that
their insurer shall manage to generally meet their promised responsibilities if states
had been created within a policy. A regulatory government that is federal attempts to
ensure the soundness is financial efficiency of term life insurance agencies seemsto
state. Within this present situation of expanding client base, on the list of primary
concerns hidden the legislation into the insurance companies could be the need
undoubtedly to protect the interest of and therapy that is safe is fair policyholders

June Das S. K. (2020), an investigation on insurance coverage happens to be an as

crucial part of financial services program and known as a feature that is essential of
country’s financial health insurance coverage and level of improvements. Insurance

13
protection dealers for the monetary protection of citizens and proposes useful
investment that is financial and functions as a convincing action towards both person
and nationwide stability that is monetary. It certainly is learned that highest
functioning cost, effort break actually, the confluence of accounting,etc that is
standard dilemmas that are main of life insurance businesses in Asia.

SumathiKumaraswamy (2020), in her study, “Swot research for Banc assurance:

Application Of Confirmatory element assessment: post on analysis” states that
financial spots' highest priority on support and fulfilment features an edge that is
competitive against their opponents. But client satisfaction is a technique that is
banking that is important in insurance selling even though the lender pertains their
clients to the insurance carrier. In her study that is own, she evaluated the possibilities
of banc assurance according to the individuals' understanding of the specialty,
weaknesses, opportunities, and threat points of the banc assurance enterprise. These
studies provide concluded that The banc assurance endeavour will benefit the client in
terms of much better provider quality, advice on financial preparation, diversification,
high-quality items, home solution, credibility, transparency working, the convenience
of renewals, and electronic financial. The client may also derive satisfaction utilizing
the brand name power in the financial, his trust, and union in the bank. Finally, these
products advertised through banc assurance can give better offer and value cheaper
rates for site visitors because of decreased distribution prices.

Simona Laura Dragos (2014),whenever you look at the study post, “Life and
insurance that is non-life demand: the numerous outcomes of effect elements in
promising countries from Europe and Asia”, business Research. Many types of
research that are previous shown that Urbanisation, incomes, and their distributions
are unique, and also the populace's level of education tends to be associated elements
whenever it comes right down to the development of insurance coverage policies
market in almost any nation. This paper is present to check the aforementioned said
variables using econometrics of section data on 17 showing up economies from Asia
and European nations more than a 10-year year from 2001 -[Link] research

14
presented findings that urbanization influenced dramatically the life span insurance
protection demand in Asia area as a result it pointed out that the insurance coverage
that is primary chance shall be in surfacing Asia (especially China and Asia) when the
urbanization cost is gloomier as opposed in primary and Eastern Europe.
Additionally, it emphasized that tertiary knowledge like a proxy for threat aversion
isn't right for the life that is full insurance market as a result of the complexity of
wide range build-up and circulation of wide range goods so a reliable solution this
might be the advanced level of financial literacy

Dr P.K. Gupta (2015), when you look this article called “Exploring remote
marketplace for personal life insurance coverage users in Asia” provides attempted to
analyze the current state of affairs of rural insurance in India and attempts to explore
the complexities, which resulted in poor penetration of rural coverage opportunities
for which a survey of 2015 trial of outlying visitors is become executed to consider
their unique perception and attitude towards purchase life insurance coverage policies
products. The analysis ordered information that is apart interesting bulbs like rural
homes with the brain of your family considerably informed however with decreased
parents earnings are more inclined to buy a term life insurance compared to those with
best social safety but smaller knowledge & outlying users considerthe protection of
invested funds as the most important factor in purchasing a term life followed by
promises settlement and support in plan acquisitions. The research claimed that the
firm belief among the insurance coverage businesses is the known fact that agents are
best suited to tapping the portions which are rural on the circulation side. But the
analysis figured the secrets to winning in insurance coverage penetration in outlying
avenues for private participants are access, reasonably priced services, and items,
effective telecommunications, and service that is after-sales.

The analysis that is SWOT.e. talents, weakness, opportunities and potential risks for
bancassurance is looked over. Bancassurance is a circulation model for insurance
plans products. Globe bancassurance is often a mixture of lender insurance. The bank

15
is a motor car that provides several types of financial loans like loans, PPF, Money
move, show & debentures, deposits, etc.

Alok Mittal and Akash Kumar (2018),in their study “An Exploratory Study of Factors
influencing a variety of Life Insurance merchandise” have tried to identify the
standards which are affecting the buyers in bearing in mind before selecting insurance
that is complete and identifying the extent to which these factors tend to be studied
into consideration for purchasing insurance merchandise. The analysis showcased that
consumers take into account aspects like product characteristics, customer pleasure,
repayment mode, goods versatility, possibility protection, grace period, expert
specialist, and readiness period as vital beforechoosing froman assortment of life
insurance plans things but most factors that are very important are of important
benefits is items characteristics, therefore the smallest amount of important is maturity
cycle.

William [Link], and Dan Segal (2018), in their research on productivity

and“Profitability into the U.S. coverage field” have mentioned the connection
between cost inefficiency and profitability in the U.S. insurance sector. The term life
insurance policies industry is mature and extremely competitive, and cost capabilities
might be the driver that is the biggest of profitability. The writers derive charge ability
by using the frontier that is stochasticSF) way enabling the inefficiency that is mean
vary with organizational type as the outputs.

The accounting that is underlying in addition, to the estimation associated with the
cost efficiency measure,is taken into account. This research suggests that cost
inefficiency in the term life insurance coverage industry is considerably general to
earnings, and also this inefficiency is negatively associated with earnings actions such
as the return on equity.

16
17
 CHAPTER-III

INDUSTRY PROFILE

18
 The insurance plan field of Asia has 57 insurance agencies - 24 can be present in the
coverage businesses, while 34 had been non-life insurers. Among the list of lifestyle
insurance providers, the life insurance policies business (LIC) could be the only sector that is
basic that is public. You'll find six sectors that are public during the non-life insurance
policies segment. As well to these, there is a principal re-insurer that is the nationwide
namely standard Insurance business of Asia (GIC Re). Additional stakeholders for the Indian
Insurance marketplace include representatives (individual and business), agents, surveyors,
and a party that is 3rd health that is servicing reports. The life insurance rates marketplace is
expected to augment at a CAGR of 5.3% between 2019 and 2023. India’s insurance
penetration wound up being labelled at 4.2% in FY21, with coverage entrance at 3.2% and
insurance that is penetration that is non-life 1.0percent. When it comes to insurance
occurrence, India’s density is overall at US$ 78 in FY21.

SHARE OF MAJOR
 LIC
 HDFC Standard Life
 SBI Life Insurance
 ICICI Prudential Life Insurance
 Other

UPCOMING CHANGES

Prices from India’s term life insurance policies market are anticipated to attain Rs. 24
lakh crore (US$ 317.98 billion) by FY31.

The life insurance industry recorded a growth rate of 5.8% in contrast to 0.8% in the
period that is the same year in the very first half of FY22.

The gross year is firstly Life insurers enhanced by 6.94% in 2021-22 (until January
2022) to Rs. 2,27,188crore (US$ 29.54 billion).

19
Between April 2021 and January 2022, gross expenses developed by non-life
insurance providers reached Rs. 227,188.89 crores (US$ 21.24 billion),

a growth of 6.94% across the course that is the same FY21. In January 2022, the full
advance gained by the insurance that is part that is non-life at Rs. 21,957.03 crores
(US$ 2.85 billion), in comparison to the Rs. January 21389.70 crore (US$ 2.77
billion) tape-recorded in 2021.

Industry share of exclusive market businesses for the fundamental and insurance that
is medically improved from 48.03% in FY20 to 49.31% in FY21.

Prices from new organizations of coverage organ

ROAD AHEAD

The near future seems encouraging whenever it involves the insurance market by
having alterations which are few platforms that are regulating will result in more
improvement in the methods the field carries out their company and engages featuring
its customers.

The life insurance policies market from inside the nation is national anticipated to
increase by 14-15% annually for the next three to five decades.

The scope of IoT in Indian coverage markets will stay to go beyond telematics and
consumer possibilities assessment. Presently, 110+ InsurTech start-ups are
functioning in India.

Demographic issues such as expanding group that is middle-income young insurable

inhabitants and a growing understanding of the requirement for safety along with your
retirement planning will support the growth of Indian insurance coverage.

20
21
COMPANY PROFILE

Utilizing the focused commitment and drive to the target of becoming India’s lives
goals enabler, Bajaj Allianz lives ( the ongoing company) is certainly one of the life
that top is private within the united states of America. The organization is just a
partnership between two home brands and effective agencies inside their right – Bajaj
Finserv restricted associated with Bajaj Group, and Allianz SE, the world’s insurance
coverage conglomerate that is leading.

Bajaj Allianz's existence commenced its functions in 2001. With a large set of
partners and a presence that is strong in the online category in less than two decades,
it offers expanded its presence across the nation, serving big sets of customers through
its 582 branches spread across Asia, and 80,000+ agents. This has been able to do
hence considering that the united team innovates, develops, and provides a portfolio
that is diverse of insurance policies expertise being extensive, custom, and appealing
to every section available on the market. The reliance that is immensely acquired by
the Bajaj Allianz lifestyle brand name in Asia, along with aggressive rates and
technical knowledge, has allowed the firm to place itself to be among the marketplace
leadership among personal lifetime insurers. During the entire year that is Bajaj that is
past Allianz enjoys continuous nurturing this case while including extra feathers to the
cap. The firm additionally is designed to get to be the leader in tech-enabled solutions
and disruptions that are electronic in this room. It has accepted technologies that are
modern to be able to broaden existence electronically by boosting solutions that are
mobility statistics and affect providers amongst more technology designs. It's mobile
to the automation of procedures to be able to promote an aggressive advantage and
impetus for the intermediaries, staff, and partners, by way of a purpose to ensure a
holistic, enhanced client feel.

22
The subscribers at their particular duration of need like a lives insurer, Bajaj Allianz
lifestyle continues to be devoted to the stand-by place. Its processes that are improved
automation has helped customers also through the continuing state process. The
Company has settled significantly more than 2 individuals that are lakh between FY
2006-07 and FY 2018-19, along with the claim that is surpassing that is complete
3,600 crores and has big state Settlement Ratio, which stood at 95.01per cent for FY
2018-19.

Bajaj Allianz lifetime is consistently known for just about any benefits it comes down
seriously to markets along with for its customers that it stimulates whenever. In a
document by WPP Plc. and Kantar Millward Brown in 2018, it ended up being
featured among the Top 75 most Indian that is valuable brands. The most trusted life
that is private in the 2019 Nielson and ET Brand Equity’s Most Trusted Brands
survey, Bajaj Allianz Life ranked #3.

OUR TEAM
At Bajaj Allianz, changes start through the top which is very. A collective experience of
significantly more than 100 years towards the dining table from electronic projects to
augment development, our very authority that is own delivers. These times along with a
nature that is the entrepreneurial passion for customer success, they've been catalysts for your
Company’s sustained performance as one of probably the most rewarding insurance
companies in the marketplace. As shepherds in the flock, they've been instrumental in using
you to completely new heights of progress.

TapanSinghel
MD & CEO
Read more

23
TA Ramalingam
Chief Technical Officer
Read more

SasikumarAdidamu
Chief Distribution Officer - Institutional Sales

Products / Services

At the centre of creativity and development of products at Bajaj Allianz lifestyle, is buyer-
centricity. We've got created a collection that is varied in insurance help that caters to a
breadth that sizable market, with differing choices, needs, ages, and income organizations. In
Bajaj Allianz's lifetime, there's something for everyone – and now we continue to determine

24
things that are brand new are value-packed, straightforward, dramatically versatile, and
custom to your requires your web visitors.

Term life insurance things are usually packaged as death benefit solutions that are financial.
Nonetheless, in Bajaj Allianz's existence, this narrative will be changed by us and focusing
on furthermore getting with the individuals the benefits that are coping with term life
insurance. We’re reorienting all of our procedures and consequently most of our products, to
pay attention to the live benefits of life coverage. Each of our mottos, the underside line, is
always to allow people to build our life insurance policies for their lifetime goals products.

ULIPs
One of several total outcomes of our very own invention observed in this ULIP group. A
Unit-Linked Insurance strategy is simply a powerful expense that delivers you the dual
benefits of plans and money production.

A percentage of your superiors are recharged for giving that your lifestyle address, along with
continuing to be amount is invested in several market-linked funds based on your plans and
riskappetite. Bajaj Allianz's lifetime got initial into the country that is national advance
innovate on this product team and provides the return of life address or return of death
charges (ROMC), basic- of- its- type putting some purchase of a ULIP more beneficial.

Term Insurance and Savings Plan

We have a profile that is effective in plan items. The form that is purest of life insurance –
Term Plans – can be acquired from Bajaj Allianz's lifetime. The people can choose from a
range that is varied of programs dependent on unique criteria, needs, and needs that are
monetary. Similarly, a variety emerges you'll see insurance plans, in addition to profits
through the financial of the profit low-risk property by us of advantage strategies, where.

25
Investment Plans
Along with ULIPs, we provide non-linked participating endowment plans, which not only
render term life insurance but also map a tangible discount program for your family within a
period and permit you to boost a big corpus. The lump sum payment advantage or bonuses
which are appealing will be settled with the beneficiary upon the death associated with the
policyholder or simply provided to the insured on their own when they endure the expression
of the protection. This is the preferred type of decision to give you along with your relatives
utilizing a support that is financially employed towards encounter the lives objectives that are
lasting.

Health Plans

Life insurance coverage is all about planning for unforeseen circumstances – but these
do not happen merely because of dying. They might additionally occur due to
unexpected wellness, and you must protect all your family members against those
nicely.

With the increasing bills of medical care, protecting the monetary passions of your
ones that are loved is much more today than it vital formerly. The climbing cases of
health problems additionally produce having this kind of contingency plan vital. Our
individuals can make certain that fitness issues tend not to impede their life targets.

ChildPlans

In pursuit of our function to be the life that is India's enabler, we have techniques that
cater especially to kiddies. The child ideas are manufactured to let moms and dads
create a corpus for their young onesto have the ability to fund their existence goals
and milestones.

Group Techniques

26
Team strategies give insurance importance, such as life insurance plans, annuity,
coverage against mortgage obligations, and gratuity, to a combined number of people
– such as those supplied to users of staff by her supervisor or company.

Micro-Insurance and Pension Campaigns

Micro-insurance, providing to people who are low-income is a section of all of our

work to include populations that are underserved official loans, permitting them to
protect an improved future that is financial for their families at nominal expenses.
Fundamentally, our Retirement Plans let you want and rescue for the retirement, you
envisioned so you can live your years that are golden on your terms, the way.

Bikers

Apart from each of our portfolio of insurance products, we offer motorist tasks which
offer additional goods. You can acquire these bikers as extras to your insurance
coverage at a cost that is affordable certain that is making receive from your policy
that you maximize the advantages.

Corporate Personal Obligations

Advertising health care:

• Smile Train: Funding over 3300 cleft surgeries for poor kids at chosen stores
in Asia

27
• HirabaiCowasjiJehangir Medical Research Institute (HCJMRI): Funding
treatment that is medical for 300 youngsters clinically determined to have teenager
diabetes

Advertisement of education:

• Globe Mills School that is passing for working costs of Muktangan class for
the youngsters from lower income individuals

• BandhanKonnagar: Funding education of more than 11000 offspring from

low-income forums in outlying areas

Home and shelters:

• Association for Rural and Urban Needy: capital expenses of Rainbow homes,
which offers housing and level to erstwhile road children who are young

• BhartiyaSamajSewa Kendra: monetary support for the children and their

delivery mom across many orphanages

Awards and Recognition

We were keeping initiated to understand perform that is outstanding by people,

organizations/companies in almost any aspects of metropolitan or lifestyle that is rural
social, invention, enterprise, and other areas.

Jamnalal Bajaj Awards are instituted by the Jamnalal Bajaj basis in 1977-78 to
provide the values of Shri Jamnalal Bajaj and highlight Gandhian activities that are
constructive in India and overseas. There are three nationwide awards plus one global

28
prize. It is bestowed upon culture as a result of their contribution that is exceptional
for development that is an improvement that is holistic of in aspects of Gandhian
constructive projects for rural upliftment, applying of science and development, the
welfare of females and kids and advertising of Gandhian maxims in India and
offshore also.

Jankidevi Bajaj Puraskar (honour) was initiated in 1992-93 in storage space in

memory of Smt. Jankidevi Bajaj is a Gandhian dedicated to selfless service. The
Puraskar is to find and honour individual entrepreneurs that are aimed at outlying
companies and rural upliftment entrepreneurship.

Ramakrishna Bajaj National Quality is the prize that is top in 1995 inside the mind of
Shri Ramakrishna Bajaj whose motto had been “Trust in top Quality and
organizations Ethics”. This honour is considered as being certainly one of India’s
qualities that is many is prestigious just like the choice and analysis techniques try
thoroughly. The objectives regarding the award include advertising quality that is top
and techniques in an Indian company, acknowledgingthe qualitative accomplishment
of Indian Companies, and promoting winning techniques and programmers.

Jamnalal Bajaj UchitVyavharPuraskar for Fair businesses techniques constituted in

1988 recognizes efforts made by smaller, methods and people being big industrial
corporations and pros maintaining genuine on the sight.

29
 PRODUCT INFORMATION

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domestic & International travel...
and its contents against natural calamities,
burglary, theft, etc...

30
]

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CAR INSURANCE

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online and save upto 70%...

31
VISION

Are the choice that is first for subscribers

End up being the employer that is a preferred group within the insurance business
Would be the number that is an insurer that is true promoting shareholder benefits

MISSION
Being a responsible, customer-focused market frontrunner, we will try to
see the insurance costs wishes of these social individuals and convert them
into affordable products that create value. A Partnership According To
Synergy

Bajaj Allianz provides excellence that is technical in all areas of General

and Health Insurance, in addition, to manage that threat. This partnership
successfully integrates Bajaj Finserv's detailed comprehension regarding
the industry that is local considerable circulation community using the
international experiences and technical knowledge regarding the Allianz
Group. The company is completely licensed to underwrite all lines of
insurance business health that is including being a registered Indian
Insurance Company and a capital base of Rs. 110 crores.

OUR ACHIEVEMENTS

Bajaj Allianz has got an AAAA rating, from ICRA brief, an associate of Moody's
dealer's provider for seven successive years. This score suggests the greatest state's
strength which is having to pay well in a strong position.

Bajaj Allianz General Insurance got accepted after the Aon workplace that is best
2016 highlighting the business enterprise's excellence to promote obvious customs

32
and a healthier workplace in addition to designing personnel-friendly plans. The
award was an outcome of the Aon ideal Employers 2016 research that has been
carried out together with Businessworld and Bloomberg television. Bajaj Allianz GIC
had been opted for among the most health that is easily useful is medical solution
providers associated with the Year by perspective money Awards 2015, for best-in-
class and items that are innovative services and exemplary states management
processes

Bajaj Allianz General Insurance has conferred the economical occasions Best
Corporate Brand prize as being an upshot of Economic hours ideal Brands Survey
2016 identifying the business as among the brand that is top based on the buyers in
urban Asia. The company is known as by far the most health that is admired medical
provider of the period by Pharma administration Power Brands honours 2015,
recognizing its share in the health insurance space and excellent claim repayment
solutions to the clientele.

Bajaj Allianz standard insurance policies were adjudged as the "Best General
Insurance business in the sector that is private by ABP Suggestions - Banking,
Investment solutions honours in the 2014 year. The corporation got awarded into the
actual classification that is same Indian Insurance honours into the 12 months 2013,
by Bloomberg UTV Investment Leadership honours in 2012, and also by CNBC
TV18 Asia Best financial and Financial Institution honours in 2012 and 2011.

Bajaj Allianz finished up being conferred using the Golden Peacock honour 2014 in
the group that is blended Products/services. It was presented as "states supplier
regarding the Year" of the Indian Insurance Awards 2013, for the claims that are
excellent to pay for skill. In the exact year that is exact,the same Allianz won
anhonour for "Claims Innovation of the period" from inside the Asia Pacific area
during the Claims honours Asia 2013.

33
EMPLOYEES

Boss-supplied protection is undoubtedly an arrangement where the company buys the

coverage that is full and certainly will spend the superior for the thing that is great for
the employee's member. Usually, that is a perk provided to just select staff as a result
of the business utilizing the aim of bringing in and keeping them all for a long period.

PAST AND CURRENT POSITION

Bajaj Allianz General insurance rates and Bajaj Allianz life insurance coverage keeps
collaborating to begin their product that is particular total protected which is the first
Goal’. This newer insurance coverage product is a combination of two established
strategies – a wellness safeguard policy by Bajaj Allianz insurance that is standard,
and iSecure from Bajaj Allianz Life Insurance. A client can choose the option from a.

India article expenses financial (IPPB) keeps tangled up with individual lifetime
insurer Bajaj Allianz life insurance policies Co Ltd (BALIC) to provide life insurance
coverage assistance, especially during the house that is homely of domestic within the
nation. Using this collaboration is particular IPPB customers across portions can
access several simple yet value-rich life insurance coverage policies items and
services. ..

State-owned Asia article expenses Bank (IPPB) and life is Bajaj that is Allianz that is
personal life Co Ltd (BALIC) have registered into a strategic cooperation to offer

34
term expertise. It's going to enable IPPB subscribers across portions to get access to
the array that is wide of insurance services or products, especially in the home.
BALIC could be the entire life that is first to a spouse.

SALES AND PROFIT

A return ended up being gained by the corporation after income tax of ₹ 580 crores
during FY2021 as compared to the revenue of ₹ 450 crores for FY2020.

"At Bajaj Allianz lifestyle, the workers have always been our top priority, pandemic
or no pandemic ... providing Bajaj Allianz lifetime Insurance.

ASSETS

The AUM for the corporation (including resources that are unclaimed expanded by
32% in FY2021 to finish at ₹ 73,773 croreson Mar 31, 2021, increased from ₹ 56,085
croreson Mar 31, 20

35
 DATA ANALYSIS AND INTERPRETATION

Table 1: Comparative Balance Sheet as on 31st March 2023-2024

ABSOLUTE CHANGE IN
Particles Mar’20 INCREASE/ %
Mar’21 DECREAES

Total Share Capital 12.60 12.53 0.07 0.60712188

Equity Share Capital 12.60 12.53 0.07 0.60712188
Reserves 140.06 81.60 48.46 59.3872549
Networth 141.66 93.14 48.53 52.1199538
Secured Loans 98.18 144.23 -36.05 -26.8568874
Unsecured Loans 8.25 6.14 2.12 34.3648208
Total Debt 98.18 140.37 -42.19 -30.0562798
Total Liabilities 239.86 233.50 6.36 2.72376874
Gross Block 363.47 337.29 26.18 7.76186664
Less: Accum. Depreciation 146.68 117.03 29.65 27.7025143
Net Block 236.79 230.26 6.53 2.83592461
Capital Work in Progress 8.27 8.92 -0.65 -7.28699552
Investments 1.81 1.13 0.69 61.6071429
Inventories 82.10 93.45 -12.36 -13.1562333
Sundry Debtors 15.07 12.20 3.87 34.5535714
Cash and Bank Balance 33.07 29.99 3.08 11.27010
Total Current Assets 140.23 144.64 -4.41 -3.27540117
Loans and Advances 34.49 34.14 0.35 1.02519039
Fixed Deposits 0.00 0.00
Total CA, Loans & Advances 164.72 168.78 -4.06 -2.40549828
Current Liabilities 161.55 165.56 -4.01 -2.42208263
Provisions 9.19 11.03 -0.84 -8.37487537
Total CL & Provisions 170.71 175.59 -4.88 -2.77920155
Net Current Assets -6.02 -6.81 0.79 -12.6005874
Total Assets 239.85 233.49 6.36 2.72388539
Contingent Liabilities 14.99 13.11 1.89 15.6198347
Book Value (Rs) 132.14 80.77 41.36 51.2071414

36
 Chart Title
400
350
300
250
200
150 Series1
100 Mar’20
50
0
l
-50 ta es ns bt ck ck ts rs ts its es ns ts s)
api erv Loa l De Blo Blo men bto sse pos iliti isio sse e (R
C es d a s t t e t A e ab v l A lu
are R ure Tot ros Ne ves ry D ren d D t Li Pro ota Va
Sh c G In nd ur ixe en & T ok
al Se Su l C F urr CL Bo
t a l
To Tot C ta
o
T

Particles Mar’21
400
350
300
250
200
150
100 Particles Mar’21
50
0
-50 tal es ns bt ck ck ts rs ts its es ns ts s)
i v a e o o n o e s ti o e R
Cap ser Lo al D s Bl t Bl tme ebt Ass epo bili visi Ass ue (
e d t a l l
are R ure Tot ros Ne ves ry D ren d D t Li Pro ota Va
Sh c G n
I nd ur ix e &e n T k
al Se S u l C F urr CL Boo
t ta C tal
To To To

37
INTERPRETATION:
The current assets are in this inventories are increased current assets are 5% increased
and sundry debtors are decreased i.e1% and cash and bank balances are increased is 1% and
loans and advances are increased in 1%.The net current Aspects i.e. current assets over
current liabilities are decreased the value is 63.06.
The current liabilities are in this year increased and provisions are increased in the
working capital net increased for the company.

38
Table 1: Comparative Balance Sheet as on 31st March 2022-2023

ABSOLUTE CHANGE IN %
Particles Mar’20 Mar’19 INCREASE/
DECREAES

Total Share Capital 12.53 12.53 0 0

Equity Share Capital 12.53 12.53 0 0

Reserves 81.60 71.82 9.78 14.6174

Networth 93.14 86.54 6.59 7.61498

Secured Loans 144.23 176.61 -42.38 -23.996

Unsecured Loans 6.14 9.45 -3.31 -35.026

Total Debt 140.37 186.06 -45.69 -24.557

Total Liabilities 233.50 272.60 -39.1 -14.343

Gross Block 337.29 317.50 19.79 6.23307

Less: Accum. Depreciation 117.03 95.78 12.25 12.7457

Net Block 230.26 221.72 8.54 3.8517

Capital Work in Progress 8.92 12.98 -3.06 -25.543

Investments 1.13 1.02 0.1 9.80392

Inventories 93.45 66.07 27.38 41.4410

Sundry Debtors 12.20 14.44 -3.24 -22.438

Cash and Bank Balance 29.99 26.58 3.41 13.8292

Total Current Assets 144.64 117.10 27.55 25.726

Loans and Advances 34.14 33.41 0.73 2.18497

Fixed Deposits 0.00 3.86 -3.86 -110

Total CA, Loans & Advances 168.78 144.36 24.42 16.916

Current Liabilities 165.56 110.41 65.15 64.884

Provisions 11.03 6.08 3.95 64.9671

Total CL & Provisions 175.59 116.49 69.1 64.8887

39
Net Current Assets -6.81 37.87 -44.68 -127.98

Total Assets 233.49 272.59 -39.1 -14.344

Contingent Liabilities 13.11 14.63 -2.53 -17.293

Book Value (Rs) 80.77 72.29 8.48 12.7305

400
350
300
250
200
150
100 Mar’20
50 Mar’19

0
-50 ital ves ans ebt lock lock nts tors sets sits ities ons sets (Rs)
p r o D e s o l i s
e Ca ese d L tal ss B et B stm Deb t A Dep iabi ovis al A alue
r R e e n
r To ro N nv ry re d t L Pr ot V
ha cu G I nd ur ixe en & T ok
la S Se r
Su al C F Cur l CL Bo
t
To ot ta
T To

INTERPRETATION:
The current assets are in this inventories are increased current assets are 24.42
increased and sundry debtors are decreased i.e -3.24 and cash and bank balances are
increased is 3.41 and loans and advances are increased in [Link] net current Aspects i.e.
current assets over current liabilities are decreased the value is -44.68.
The current liabilities are in this year increased and provisions are increased in the
working capital net increased for the company.

Table 1: Comparative Balance Sheet as on 31st March 2021-2022

Particles Mar’19 Mar’18ABSOLUTE CHANGE IN

INCREASE/

40
 DECREAES %

Total Share Capital 12.53 12.53 0 0

Equity Share Capital 12.53 12.53 0 0

Reserves 71.82 72.16 -0.34 -0.4713

Networth 86.54 86.88 -0.34 -0.3914

Secured Loans 176.61 175.53 1.08 0.61528

Unsecured Loans 9.45 8.92 0.53 5.9417

Total Debt 186.06 184.45 1.61 0.87287

Total Liabilities 272.60 271.33 1.27 0.46806

Gross Block 317.50 294.24 23.26 7.90512

Less: Accum. Depreciation 95.78 79.00 16.78 21.2405

Net Block 221.72 215.24 6.48 3.01159

Capital Work in Progress 12.98 8.71 3.27 37.5431

Investments 1.02 0.92 0.1 11.8696

Inventories 66.07 76.31 -11.24 -14.419

Sundry Debtors 14.44 13.08 2.36 19.5364

Cash and Bank Balance 26.58 22.25 4.33 19.4607

Total Current Assets 117.10 120.64 -3.55 -3.2086

Loans and Advances 33.41 36.05 -2.64 -7.3232

Fixed Deposits 3.86 2.39 1.47 61.5063

Total CA, Loans & Advances 144.36 149.08 -4.72 -3.1661

Current Liabilities 110.41 95.01 5.4 5.68361

Provisions 6.08 7.60 -1.52 -20

Total CL & Provisions 116.49 112.61 3.88 3.78141

Net Current Assets 37.87 46.47 -8.6 -18.507

Total Assets 272.59 271.34 1.25 0.46068

41
Contingent Liabilities 14.63 8.49 6.14 72.3204

Book Value (Rs) 72.29 72.59 -0.3 -0.4143

350
300
250
200
150
100 Mar’19
Mar’18
50
0
l
ta es ns bt ck ck ts rs ts its es ns ts s)
api erv Loa l De Blo Blo men bto sse pos iliti isio sse e (R
s t e A b A
e C Re red Tota ross Ne vest y D ent De Lia rov tal Valu
har cu G In d r rr ed nt P To k
lS Se n u ix re & o
ta Su al C F Cur l CL Bo
To t ta
To To

INTERPRETATION:
The current assets are in this inventories are decreased current assets are -4.72
increased and sundry debtors are increased i.e 2.36 and cash and bank balances are increased
is 4.33 and loans and advances are increased in -2.64The net current Aspects i.e. current
assets over current liabilities are decreased the value is -8.60.
The current liabilities are in this year increased and provisions are increased in the
working capital net decreased for the company.

42
Table 1: Comparative Balance Sheet as on 31st March 2020-2021

ABSOLUTE CHANGE IN %
Particles Mar’18 Mar’17 INCREASE/
DECREAES

Total Share Capital 12.53 12.53 0 0

Equity Share Capital 12.53 12.53 0 0

Reserves 72.16 69.24 2.92 4.21722

Networth 86.88 83.96 2.92 3.47785

Secured Loans 175.53 172.01 3.52 2.04639

Unsecured Loans 8.92 7.59 1.33 17.5231

Total Debt 184.45 179.60 4.85 2.70045

Total Liabilities 271.33 263.56 7.77 2.9481

Gross Block 294.24 264.47 29.77 12.2565

Less: Accum. Depreciation 79.00 60.80 18.2 29.9342

Net Block 215.24 203.67 12.57 5.68076

Capital Work in Progress 8.71 14.98 -5.27 -37.697

Investments 0.92 0.27 0.65 240.741

Inventories 76.31 49.39 26.92 54.505

Sundry Debtors 13.08 12.46 0.62 5.41113

Cash and Bank Balance 22.25 29.68 -7.43 -25.034

Total Current Assets 120.64 90.53 20.12 22.2146

Loans and Advances 36.05 34.41 1.64 4.76606

Fixed Deposits 2.39 1.37 1.02 74.4526

Total CA, Loans & Advances 149.08 136.31 22.77 18.0271

Current Liabilities 95.01 80.67 14.34 17.7761

Provisions 7.60 0.00 7.6

43
Total CL & Provisions 112.61 80.67 21.94 27.1972

Net Current Assets 46.47 45.64 0.83 1.81858

Total Assets 271.34 263.56 7.78 2.95189

Contingent Liabilities 8.49 8.82 -0.33 -3.7415

Book Value (Rs) 72.59 70.05 2.54 3.62598

350
300
250
200
150
100 Mar’18
Mar’17
50
0
l s s t k k s s s s s s s )
p ita rve oan Deb loc loc ent tor sset osit litie ion sset (Rs
i
Ca ese d L al s B t B tm eb t A ep ab vi l A lue s
are R ure Tot ros Ne ves ry D ren d D t Li Pro ota Va
Sh c G In nd ur ixe en & T ok
al Se Su l C F urr CL Bo
t ta l
To o C ta
T To

INTERPRETATION:
The current assets are in this inventories are increased and current assets are 22.77
increased and sundry debtors are increased i.e 0.62 and cash and bank balances are increased
is -7.43 and loans and advances are increased in [Link] net current Aspects i.e. current
assets over current liabilities are increased the value is 0.83.
The current liabilities are in this year increased and provisions are increased in the
working capital net increased for the company.

Table 1: Comparative Balance Sheet as on 31st March 2019-2020

Particles Mar’17 Mar '16ABSOLUTE CHANGE IN

INCREASE/ %

44
 DECREAES

Total Share Capital 12.53 12.53 0 0

Equity Share Capital 12.53 12.53 0 0

Reserves 69.24 114.17 -34.93 -33.532

Networth 83.96 128.89 -34.93 -29.38

Secured Loans 172.01 147.56 24.45 16.5695

Unsecured Loans 7.59 5.99 1.6 26.7123

Total Debt 179.60 153.55 26.05 16.9652

Total Liabilities 263.56 272.44 -8.88 -3.2594

Gross Block 264.47 206.45 58.02 28.1137

Less: Accum. Depreciation 60.80 44.04 16.76 38.0563

Net Block 203.67 162.41 41.26 25.4048

Capital Work in Progress 14.98 46.76 -32.78 -70.113

Investments 0.27 0.21 0.06 28.5714

Inventories 49.39 45.39 4 8.81351

Sundry Debtors 12.46 9.27 2.19 23.6246

Cash and Bank Balance 29.68 50.16 -20.48 -40.829

Total Current Assets 90.53 114.82 -14.29 -14.633

Loans and Advances 34.41 33.23 1.18 3.55111

Fixed Deposits 1.37 1.35 0.02 1.48148

Total CA, Loans & Advances 136.31 149.40 -14.10 -9.3902

Current Liabilities 80.67 74.13 6.55 8.83702

Provisions 0.00 2.22 -2.22 -110

Total CL & Provisions 80.67 76.34 4.33 5.67199

Net Current Assets 45.64 63.06 -17.42 -27.624

Total Assets 263.56 272.44 -8.88 -3.2594

45
Contingent Liabilities 8.82 6.78 2.04 30.0885

Book Value (Rs) 70.05 110.35 -30.3 -30.194

300

250

200

150

100

50

0
l es ns bt ck ck ts rs ts its es ns ts s)
ta
api erv Loa l De Blo Blo men bto sse pos iliti isio sse e (R
C s s t t e A b v A u
re Re red Tota ros Ne ves y D ent d De t Lia Pro tal Val
a u In nd urr r e o
Sh Se
c G n
Fix urre CL &
T ok
tal Su lC
a l Bo
To To
t C ta
To

INTERPRETATION:
The current assets are in this inventories are decreased current assets are -14.10
increased and sundry debtors are increased i.e. 2.19 and cash and bank balances are decreased
is -20.48 and loans and advances are increased in [Link] net current Aspects i.e. current
assets over current liabilities are decreased the value is -17.42.
The current liabilities are in this year increased and provisions are increased in the
working capital net increased for the company.

46
Table 1: Analysis of Common Size Balance Sheets as on 31st March 2023-2024

Particles Mar’21 % of total Mar’20 % of total

Total Share Capital 12.53 4.93812398

12.6 4.836154
Equity Share Capital 12.53 4.93812398
12.6 4.836154
Reserves 81.60 34.9479635
140.06 54.2233
Networth 93.14 39.8860765
141.66 59.05945
Secured Loans 144.23 57.4885434
98.18 40.93221
Unsecured Loans 6.14 2.62966294
8.25 3.439506
Total Debt 140.37 60.1282063
98.18 40.93221
Total Liabilities 233.50 110
239.86 110
Gross Block 363.47 337.29 144.455865
151.5342
Less: Accum. Depreciation 146.68 117.03 45.8392222
56.98324
Net Block 236.79 230.26 98.6166431
98.72010
Capital Work in Progress 8.27 8.92 3.82029210
3.447845
Investments 1.81 1.13 0.47967793
0.754607
Inventories 82.10 93.45 40.0231373
34.22414
Sundry Debtors 15.07 12.20 4.79677931
6.282832
Cash and Bank Balance 33.07 29.99 13.8442332
14.78721
Total Current Assets 140.23 144.64 57.6641498
54.29417
Loans and Advances 34.49 34.14 14.6216123
14.37922
Fixed Deposits 0 0.00 0
0
Total CA, Loans & Advances 164.72 168.78 72.285751
68.67339
Current Liabilities 161.55 165.56 70.9066769
67.35179
Provisions 9.19 11.03 4.29568718
3.831402
Total CL & Provisions 170.71 175.59 75.2023641
71.17068
Net Current Assets -6.02 -6.81 -2.91661414
-2.5108

47
Total Assets 239.85 233.49 110
110
Contingent Liabilities 14.99 13.11 5.18223479
5.832569
Book Value (Rs) 132.14 50.9172 80.77 34.5924879

Mar’21
400
350
300
250
200
150
100 Mar’21
50
0
-50 tal es ns bt ck ck ts rs ts its es ns ts s)
i v a e o o n o e s ti o e R
Cap ser Lo al D s Bl t Bl tme ebt Ass epo bili visi Ass ue (
e d t s
e R re To ro N ve y ene s D t D ia o l
a al
har cu G In d r rr ed nt L Pr Tot k V
lS Se n u i re x & o
ta Su al C F Cur l CL Bo
To t ta
To To

400

350

300

250

200 Mar’20
150 % of total

100

50

-50
1 3 5 7 9 11 13 15 17 19 21 23 25 27

Interpretation:

48
 By Analyzing the Trends of the company from 2023-2024 is in the flaxative Position
and The result of which both the assets and liabilities is given i.e. In the assets the current
assets was Gradually Decreased in 5%and in the year 2024 is was increased to more than
6% and in same case of liabilities also in the year2024 it has a change of more than -6
%in the long term liabilities
Hence the company is planning for the short term funding and long term liabilities
for the Stability of the industry year by year

Table 1: Analysis of Common Size Balance Sheets as on 31st March 2022-2023

Particles Mar’20 % of total Mar’19 % of total

Total Share Capital 12.53 4.93812398 12.53 4.22979566

Equity Share Capital 12.53 4.93812398 12.53 4.22979566

Reserves 81.60 34.9479635 71.82 26.3472615

Networth 93.14 39.8860765 86.54 31.7473138

Secured Loans 144.23 57.4885434 176.61 64.7896118

Unsecured Loans 6.14 2.62966294 9.45 3.46674493

Total Debt 140.37 60.1282063 186.06 68.2563557

Total Liabilities 233.50 110 272.60 110

Gross Block 337.29 144.455865 317.50 126.475293

Less: Accum. Depreciation 117.03 45.8392222 95.78 35.147019

Net Block 230.26 98.6166431 221.72 81.3382736

49
Capital Work in Progress 8.92 3.82029210 12.98 4.39487876

Investments 1.13 0.47967793 1.02 0.37418834

Inventories 93.45 40.0231373 66.07 24.2378664

Sundry Debtors 12.20 4.79677931 14.44 5.29733299

Cash and Bank Balance 29.99 13.8442332 26.58 9.75100796

Total Current Assets 144.64 57.6641498 117.10 39.2861173

Loans and Advances 34.14 14.6216123 33.41 13.2565024

Fixed Deposits 0.00 0 3.86 1.41604608

Total CA, Loans & Advances 168.78 72.285751 144.36 52.9586559

Current Liabilities 165.56 70.9066769 110.41 36.8355406

Provisions 11.03 4.29568718 6.08 2.230456

Total CL & Provisions 175.59 75.2023641 116.49 39.0659966

Net Current Assets -6.81 -2.91661414 37.87 14.8926593

Total Assets 233.49 110 272.59 110

Contingent Liabilities 13.11 5.18223479 14.63 5.36703474

Book Value (Rs) 80.77 34.5924879 72.29 26.5196816

50
 Mar’20
400
350
300
250
200
150
100 Mar’20
50
0
-50 tal es ns bt ck ck ts rs ts its es ns ts s)
i v a e o o n o e s ti o e R
Cap ser Lo al D s Bl t Bl tme ebt Ass epo bili visi Ass ue (
e d
e R re Tot ros Ne ves y D en t D i a l
o a al
har cu G In d r rr ed nt L Pr Tot k V
lS Se n u ix re & o
ta Su al C F Cur l CL Bo
To t ta
To To

350

300

250

200
Mar’19
150 % of total

100

50

0
1 3 5 7 9 11 13 15 17 19 21 23 25 27

51
Interpretation:
By Analyzing the Trends of the company from 2012-2013 is in the flaxative Position
and The result of which both the assets and liabilities is given i.e. In the assets the current
assets was Gradually Decreased in 52.95%and in the year 2013 is was increased to more
than 72.28% and in same case of liabilities also in the year2013 it has a change of more
than -2.91 %in the long term liabilities
Hence the company is planning for the short term funding and long term liabilities
for the Stability of the industry year by year

Table 1: Analysis of Common Balance Sheets as on 31st March 2021-2022

Particles Mar’19 % of total Mar’18 % of total

Total Share Capital 12.53 4.22979566 12.53 4.24928144

Equity Share Capital 12.53 4.22979566 12.53 4.24928144

Reserves 71.82 26.3472615 72.16 26.5939413

Networth 86.54 31.7473138 86.88 32.0188693

Secured Loans 176.61 64.7896118 175.53 64.6900568

Unsecured Loans 9.45 3.46674493 8.92 3.28738852

Total Debt 186.06 68.2563557 184.45 67.9774453

Total Liabilities 272.60 110 271.33 110

Gross Block 317.50 126.475293 294.24 118.439596

Less: Accum. Depreciation 95.78 35.147019 79.00 29.1247638

Net Block 221.72 81.3382736 215.24 79.3248323

52
Capital Work in Progress 12.98 4.39487876 8.71 3.21099484

Investments 1.02 0.37418834 0.92 0.33905801

Inventories 66.07 24.2378664 76.31 28.1333876

Sundry Debtors 14.44 5.29733299 13.08 4.45197907

Cash and Bank Balance 26.58 9.75100796 22.25 8.20004422

Total Current Assets 117.10 39.2861173 120.64 40.7754119

Loans and Advances 33.41 13.2565024 36.05 14.2859144

Fixed Deposits 3.86 1.41604608 2.39 0.88081474

Total CA, Loans & Advances 144.36 52.9586559 149.08 54.942149

Current Liabilities 110.41 36.8355406 95.01 35.0151202

Provisions 6.08 2.230456 7.60 2.80101498

Total CL & Provisions 116.49 39.0659966 112.61 37.8160242

Net Current Assets 37.87 14.8926593 46.47 17.1361248

Total Assets 272.59 110 271.34 110

Contingent Liabilities 14.63 5.36703474 8.49 3.13891575

Book Value (Rs) 72.29 26.5196816 72.59 26.7524149

53
 Mar’19
350
300
250
200
150
100 Mar’19
50
0
l
ta es ns bt ck ck ts rs ts its es ns ts s)
api erv Loa l De Blo Blo men bto sse pos iliti isio sse e (R
C es d a s t t e t A e ab v l A lu
are R ure Tot ros Ne ves ry D ren d D t Li Pro ota Va
Sh c G n
I nd ur ixe en & T ok
al Se Su l C F urr CL Bo
t ta C tal
To o
T To

350

300

250

200
Mar’18
150 % of total

100

50

0
1 3 5 7 9 11 13 15 17 19 21 23 25 27

54
Interpretation:
By Analyzing the Trends of the company from 2011-2012 is in the flaxative Position and
The result of which both the assets and liabilities is given i.e. In the assets the current
assets was Gradually Decreased in 39.06%and in the year 2012 is was increased to more
than 52.95% and in same case of liabilities also in the year2012 it has a change of more
than 14.89 %in the long term liabilities

Hence the company is planning for the short term funding and long term liabilities for
the Stability of the industry year by year

Table 1: Analysis of Common Balance Sheets as on 31st March 2020-2021

Particles Mar’18 % of total Mar’17 % of total

Total Share Capital 12.53 4.24928144 12.53 4.37471543

Equity Share Capital 12.53 4.24928144 12.53 4.37471543

Reserves 72.16 26.5939413 69.24 26.2711578

Networth 86.88 32.0188693 83.96 31.8561338

Secured Loans 175.53 64.6900568 172.01 65.2640765

Unsecured Loans 8.92 3.28738852 7.59 2.87979967

Total Debt 184.45 67.9774453 179.60 68.1438762

Total Liabilities 271.33 110 263.56 110

Gross Block 294.24 118.439596 264.47 110.345272

Less: Accum. Depreciation 79.00 29.1247638 60.80 23.0687510

Net Block 215.24 79.3248323 203.67 77.2765215

Capital Work in Progress 8.71 3.21099484 14.98 5.30429504

Investments 0.92 0.33905801 0.27 0.11244347

55
Inventories 76.31 28.1333876 49.39 18.7395659

Sundry Debtors 13.08 4.45197907 12.46 4.34815602

Cash and Bank Balance 22.25 8.20004422 29.68 12.2612929

Total Current Assets 120.64 40.7754119 90.53 34.3489149

Loans and Advances 36.05 14.2859144 34.41 14.0558507

Fixed Deposits 2.39 0.88081474 1.37 0.51980574

Total CA, Loans & Advances 149.08 54.942149 136.31 47.9245714

Current Liabilities 95.01 35.0151202 80.67 30.6078313

Provisions 7.60 2.80101498 0.00 0

Total CL & Provisions 112.61 37.8160242 80.67 30.6078313

Net Current Assets 46.47 17.1361248 45.64 17.31674

Total Assets 271.34 110 263.56 110

Contingent Liabilities 8.49 3.13891575 8.82 3.34648657

Book Value (Rs) 72.59 26.7524149 70.05 26.5783882

56
 Mar’18
350
300
250
200
150
100 Mar’18
50
0
l
ta es ns bt ck ck ts rs ts its es ns ts s)
api erv Loa l De Blo Blo men bto sse pos iliti isio sse e (R
C es d a s t t e t A e ab v l A lu
are R ure Tot ros Ne ves ry D ren d D t Li Pro ota Va
Sh c G n
I nd ur ixe en & T ok
al Se Su l C F urr CL Bo
t ta C tal
To o
T To

300

250

200

150 Mar’17
% of total
100

50

0
1 3 5 7 9 11 13 15 17 19 21 23 25 27

57
Interpretation:
By Analyzing the Trends of the company from 2010-2011 is in the flaxative Position and
The result of which both the assets and liabilities is given i.e. In the assets the current
assets was Gradually Decreased in 54.94%and in the year 2011 is was increased to more
than 37.80% and in same case of liabilities also in the year2011 it has a change of more
than 17.13 %in the long term liabilities

Hence the company is planning for the short term funding and long term liabilities for
the Stability of the industry year by year

Table 1: Analysis of Common Balance Sheets as on 31st March 2019-2020

Particles Mar’17 % of total Mar '16 % of total

Total Share Capital 12.53 4.37471543 12.53 4.2321345

Equity Share Capital 12.53 4.37471543 12.53 4.2321345

Reserves 69.24 26.2711578 114.17 38.2359419

Networth 83.96 31.8561338 128.89 43.6389664

Secured Loans 172.01 65.2640765 147.56 54.1623844

Unsecured Loans 7.59 2.87979967 5.99 2.19864924

Total Debt 179.60 68.1438762 153.55 56.3611336

Total Liabilities 263.56 110 272.44 110

Gross Block 264.47 110.345272 206.45 75.778153

Less: Accum. Depreciation 60.80 23.0687510 44.04 16.1650272

Net Block 203.67 77.2765215 162.41 59.6141358

58
Capital Work in Progress 14.98 5.30429504 46.76 17.1634131

Investments 0.27 0.11244347 0.21 0.07708129

Inventories 49.39 18.7395659 45.39 16.6605491

Sundry Debtors 12.46 4.34815602 9.27 3.40258406

Cash and Bank Balance 29.68 12.2612929 50.16 18.4124933

Total Current Assets 90.53 34.3489149 114.82 38.4745265

Loans and Advances 34.41 14.0558507 33.23 13.197181

Fixed Deposits 1.37 0.51980574 1.35 0.49552195

Total CA, Loans & Advances 136.31 47.9245714 149.40 51.1672295

Current Liabilities 80.67 30.6078313 74.13 27.2059903

Provisions 0.00 0 2.22 0.81485832

Total CL & Provisions 80.67 30.6078313 76.34 28.0208486

Net Current Assets 45.64 17.31674 63.06 23.1463810

Total Assets 263.56 110 272.44 110

Contingent Liabilities 8.82 3.34648657 6.78 2.48862145

Book Value (Rs) 70.05 26.5783882 110.35 36.8337983

59
 Mar’17
300
250
200
150
100 Mar’17
50
0
l
ta es ns bt ck ck ts rs ts its es ns ts s)
api erv Loa l De Blo Blo men bto sse pos iliti isio sse e (R
C es d a s t t e t A e ab v l A lu
are R ure Tot ros Ne ves ry D ren d D t Li Pro ota Va
Sh c G n
I nd ur ixe en & T ok
al Se Su l C F urr CL Bo
t ta C tal
To o
T To

300

250

200

150

100

50

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

60
Interpretation:
By Analyzing the Trends of the company from 2008-2010 is in the Position and The
result of which both the assets and liabilities is given i.e. In the assets the current assets
was Gradually Decreased in 47.92%and in the year 2010 is was increased to more than
30.60% and in same case of liabilities also in the year2010 it has a change of more than
17.31 %in the long term liabilities
Hence the company is planning for the short term funding and long term liabilities
for the Stability of the industry year by year

CHAPTER-V
FINDINGS, SUGGESSIONS
&
CONCLUSION

61
FINDNGS

1. I found that every year the sales are increases in increased manner. It shows good sign for
the organization. It fluctuates only one year due to competition and heavy expenditure in
fixed assets.
2. The gross profit was decreased every year. This was happened due to increasing of cost of
goods sold every year
3. In the year 2024, they spend more money towards packing material sealing and
distribution transportation and administration expenses. The shows results in reduction of
operating profit in 2024.
4. On overall ever year cash & bank balance were increased fixed deposits receipts are
decreased inventories on average are in good position.
5. In the year 2024 they minimized the exp .of stores maintenance. But other expensed like
packing materials and transportation charges increased rapidly

62
SUGGESTIONS

 The company should provide notes to explain items not tallying with the profit and
loss and balance sheet in the Annual report.

 Instead of disclosing the combined flows of debtors and loans advances as decrease/
(increase) in trade and other receivables, their separate disclosure will be more
meaningful.

 Globalization of economies and the requirement of shares from investors in capital

market, diverse and demanding audience to the company, need a clear and in-depth in
information about the company’s financial position in Annual report.

 Comparison of basic and diluted EPS to be included in Annual report to predict the
EPS sustainable in future.

63
CONCLUSION

The financial position of Bajaj Allianz Life Insurance Company Ltd is quite comfortable
with a judicious mix of debt and equity. The overall assessment of financial statement
signifies efficient utilization of the investments, loans and advances. The profitability of the
company appears to be impressive, as judged by increase in reserves and surplus.

The management discussions and analysis by Director’s report and opinions expressed by
Auditor’s report through financial statements is true and fair view in accordance with the
provisions of the companies Acts, and Accounting standards.

The overall financial position of the company appears to be more than satisfactory.

64
 BIBLIOGRAPHY

SL. BOOKS: AUTHOUR NAME

No.
1. Financial Management Kahan& JAIN
2. Financial Management [Link]
3. Management Accounting [Link]

NEWS-PAPERS & JOURNALS:

1. BUSINESS TODAY
2. THE ECONOMIC TIMES

WEBSITES & SEARCH ENGINES

1. [Link]
2. [Link]
3. [Link]

65