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Jaypee Business School

A constituent of Jaypee Institute of Information Technology


(Declared Deemed to be University u/s 3 of UGC Act)
A-10, Sector 62, Noida (UP), India-201 307, www.jbs.ac.in

COMPARATIVE ANALYSIS OF SHAREKHAN LTD. WITH OTHER STOCK BROKING


HOUSES

Corporate Internship Report


Internship Report submitted as a partial requirement for the award of the two years
Master of Business Administration Program
MBA 2016-18

Sharekhan Ltd.
(Jhandewalan, New Delhi)

Corporate Internship Supervisor


Mr. Ravi Verma (Asst. Manager)

JBS-Faculty Supervisor
Dr. Rahul Sharma

Start Date for Internship: 17 April, 2017


End Date of Internship: 16 June, 2017

Report Date: 22 June, 2017

Sharekhan ltd. |Corporate Internship Report 1


Project Report

On

Comparative Analysis of Sharekhan ltd. With Other Stock Broking

Houses

At

Sharekhan Ltd.

Submitted By:

Lokesh Chaudhary

16609016

In Regular Degree Program of Master of Business Administration

(M.B.A.-I)

Jaypee Business School, Noida

Sharekhan ltd. |Corporate Internship Report 2


SELF- CERTIFICATE

I, Lokesh Chaudhary, student of MBA 2016-18 studying at Jaypee Business School, Noida, declare

that the project works entitled Comparative Analysis of Sharekhan ltd. With Other Stock Broking

Houses was carried by me in the partial fulfilment of the Masters of Business Administration (MBA)

program at Jaypee Business School, Noida.

I guarantee/underwrite all the information provided and report made to be authentic and original to

the best of my knowledge in all respects of the process carried out during the project tenure.

My learning experience at Sharekhan Ltd., under the guidance of Mr. Ravi Verma, Asst. Manager and

Dr. Rahul Sharma, Professor and Advisor, JBS has been truly enriching.

Date: 16 June, 2017

__________________________________

Lokesh Chaudhary

16609016

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CERTIFICATE

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TURNITIN PLAGIARISM REPORT

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ACKNOWLEDGEMENT

The satisfaction of the successful completion of any task wouldnt be complete without the
expression of gratitude to the people who made it possible.

I express my gratitude to Mr. Amit Sharma (Territory Manager) SHAREKHAN LTD, for his
support and guidance during the survey.

I am very thankful to Dr. Rahul Sharma, Faculty, JAYPEE BUSINESS SCHOOL for the guidance
and interest evinced throughout the preparation of this project.

I take this opportunity, also to express my love and sincere thanks to my family members
and friends for their support and advice during various stage of work.

I also extend my gratitude to the respondents of my survey for their kind co-operation.

But last not the least I thank God almighty for giving me the support for the completion of
the task.

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TABLE OF CONTENTS

S. No. Particulars Page No.

1 Executive Summary 08

2 Introduction & Objective 09-10

3 Company Profile 11-19

4 Industry Analysis 20-24

5 Financial Analysis 25-29

6 Comparison 30-46

7 Conclusion 47

8 Learnings 48

9 Contribution to the firm 49

10 Annexure 50-71

11 References 72

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EXECUTIVE SUMMARY

To maintain and cope up with the growing competition from the various online trading provider,
Sharekhan needs to find potential customer and also target the new investors.

The project is being done to train the people about the whole procedure essential to open an online
trading account couple with demat account. The project will help in exploring the area where there
is the feasibility of acquiring more new investors. It would also help in knowing the various
competitors of the industry and exploring the areas through which competitive advantage could be
obtained.

The report is divided into various sections:

Company Profile
This part describe the company profile .This part recognize the achievement s and rewards
the company has achieved ,it also gives litte insights into what company offers to the
corporate and consumers .This section also describe the kind of technology used.

About Online trading account


Since the project leads to opening of online trading account, this section gives the detail of
what all service Sharekhan offers to the consumer. This section gives the detail of how
different services provided by the other online trading account and how is Sharekhan
superior from them.

Procedure and requirement for opening an trading cum demat account.


This section gives the detail of the different condition that has to be met for opening a
trading cum demat account. The section contains s the document s which is required to
open an account.

Different competitors in online trading


This section gives the detail of the different competitors and different services provided by
them .Then we have compared there services with our services.

Different formalities for opening demat account


This section throws some light over different document as well as hardware and software
requirement for opening of online trading cum demat account

Learning about Dematerialization


This section tells you about different concepts regarding dematerialization .How u get your
security dematerialized? Growth rate of dematerialization etc.

Future of online trading in India


This section tells you about the different things that will affect online trading.

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INTRODUCTION

The topic of the internship project is "Study of Product and Services of Sharekhan Limited" and the
aim of this report is to explain the product and services of Sharekhan ltd. which is India's one of the
greatest Online trading portal.

Sharekhan with 1500+ outlets has one of the biggest networks of share outlets globally. Through
these outlets it gives a various types of products and services like equity, IPO, PMS, derivatives,
currency, technical research and customer support.

This project involves the analysis of the survey conducted during the internship program which
explains the perception of people toward interest in investment and product & services of
Sharekhan Ltd.

This study is an effort to understand the share market, product and services of Sharekhan Ltd. and
how to invest or investment techniques. Analysis of companys balance sheet and profit & loss
statement has been done in the report and calculation of key ratios and comparison with
competitors ratios has been done.

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OBJECTIVES

Following are the objectives of comparative analysis of sharekhan ltd. With other stock broking
houses.

The goal of the project is to find out the Market share of Sharekhan v/s other securities,
presence of other Competitor companies.
There are many stock broker companies which are coming in existence in the market and
these are affecting the business of the company. So analyze the reasons to affect in the
business.
To find out market share of company, positioning of the companies, and most preferable
company market at the specified area.
To study the type of services there in Sharekhan and also competitive advantage in market.

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COMPANY ANALYSIS

Name of the organization: - Sharekhan ltd.

Year of foundation: - 1922

Home office: - Sharekhan SSKI A-206, Phoenix House, Phoenix factories compound lower Parel,

Mumbai, Maharashtra, India-400013

Nature of Business: - Service supplier

Administrations: - Depository benefit

Online Service

Specialized research

Number of Employees: - more than 3500

Site: - www.sharekhan.com

Trademark: - Your rule to money related wilderness

Vision: - To be the best retail broking brand in the retail business of stock broking in India.

Mission: - To instruct individual to improve ventures through the quality exhort and unrivalled

administrations.

To build its client base to 40 lakhs by the year 2020.

Sharekhan is one of the main retail broking House of SSKI Group which was running effectively since
1922 in the nation. It is the retail broking arm of the Mumbai-based SSKI Group, which has more
than eighty years of involvement in the stock broking business. Sharekhan offers its clients an
extensive variety of value related administrations including exchange execution on BSE, NSE,
Derivatives, store administrations, web based exchanging, venture consultative, Mutual Fund
Advisory and so on.

The association's web based exchanging and speculation webpage - www.sharekhan.com - was
propelled on Feb 8, 2000. The site offers access to better substance and exchange office than retail
clients the nation over. Known for its language free, speculator well disposed dialect and superb
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research, the site has an enlisted base of more than two lakh clients. The quantity of exchanging
individuals right now stands More than 15 Lacs. While internet exchanging as of now records for a
little more than 8 for each penny of the everyday exchanging stocks in India, Sharekhan alone
records for 32 for every penny of the volumes exchanged on the web.

The substance rich and research situated entrance has emerged among its counterparts in view of its
ardent commitment to offering clients best-of-breed innovation and prevalent market data. The
target has been to give clients a chance to settle on educated choices and to improve the way
toward putting resources into stocks.

On April 17, 2002 Sharekhan propelled Speed Trade, a net-based executable application that
imitates the merchant terminals alongside host of other data pertinent to the Day Traders. This was
interestingly that a net-based exchanging station of this gauge was offered to the brokers. Over the
time Speed Trade has turned into an accepted standard for the Day Trading people group over the
net.

On October 01, 2007 Sharekhan again propelled his another coordinated Software based item Trade
Tiger, a net-based executable application that imitates the agent terminals alongside host of other
data significant to the Day Traders. It has another quality which contrasts it from other that IT HAS
THE COMBINED TERMINAL FOR EQUITY AND COMMODITIES BOTH.

Offer khan's ground arranges in corporate more than 1500 focuses in 575 urban areas in India.

In 2015, BNP a French Bank buys Sharekhan in Rs. 2240 crore and the main aim of BNP Paribas is to
increase the Sharekhans client base by 2.9% by 2020 i.e. 4000000 customers by 2020.

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MOTIVATIONS TO CHOOSE SHAREKHAN LIMITED

Encounter

SSKI has over eighty years of trust and validity in the Indian securities exchange. In the Asia Money
agent's survey held as of late, SSKI won the 'India's best broking house for 2004' honour. As far back
as it propelled Sharekhan as its retail broking division in February 2000, it has been giving
institutional-level research and broking administrations to individual speculators.

Innovation

With our web based exchanging account you can purchase and offer offers in a moment from any PC
with a web association. You will access our capable web based exchanging apparatuses that will
enable you to take finish control over your interest in offers.

Openness

Sharekhan gives ADVICE, EDUCATION, TOOLS AND EXECUTION administrations for financial
specialists. These administrations are available through our focuses the nation (Over 721 areas in
210 urban communities) over the web (through the site www.sharekhan.com) and in addition over
the Voice Tool.

Learning

In a business where the correct data at the opportune time can convert into direct benefits, you
access an extensive variety of data on our substance rich entry, Sharekhan. You will likewise get a
helpful arrangement of information based instruments that will enable you to take educated
choices.

Accommodation

You can call our Dial-N-Trade number to get speculation counsel and execute your exchanges. We
have a devoted call-focus to give this administration by means of a Toll Free Number 1800-22-7500,
1800-22-7050 from anyplace in India.

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Client Service

Our client benefit group will help you for any assistance that you require identifying with exchanges,
charging, demat and different questions. Our client administration can be contracted by means of a
sans toll number, email or live talk on www.sharekhan.com.

Venture Advice

Sharekhan has devoted research groups of more than 30 individuals for central and specialized
inquires about. Our investigators continually track the beat of the market and give convenient
speculation counsel to you as day by day look into messages, online talk, printed reports and SMS on
your cell phone.

BENEFITS

Free Depository A/c


Secure Order by Voice Tool Dial-n-Trade.
Automated Portfolio to monitor the estimation of your genuine buys.
24x7 Voice Tool access to your exchanging account.
Personalized Price and Account Alerts conveyed right away to your Cell Phone and E-mail
address.
Special Personal Inbox for request and exchange affirmations.
On-line Customer Service through Web Chat.
Anytime Ordering.
NSDL Account
Instant Cash Transfer.
Multiple Bank Option.
Enjoy Automated Portfolio.
Buy or offer even single offer.

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RESULTS OF SHAREKHAN

Exemplary ACCOUNT

This record enables the customer to exchange through the site and is reasonable for the retail
speculator who is hazard unwilling and subsequently wants to put resources into stocks or who don't
exchange too as often as possible.

It enables financial specialist to purchase and offer stocks online alongside the accompanying
components like numerous watch records, Integrated Banking, De-tangle and Digital contracts, Real-
time portfolio following with value alarms and Instant cash exchange.

Highlights

Online exchanging represent putting resources into Equity and Derivatives by means of
www.sharekhan.com
Live Terminal and Single terminal for NSE Cash, NSE F&O, BSE and Mutual Funds.
Integration of On-line exchanging, Saving Bank and De-tangle Accounts.
Instant money exchange office against buy and offer of offers.
Competitive exchange charges.
Instant request and exchange affirmation by E-mail.
Streaming Quotes (Cash and Derivatives).
Personalized showcase watch.
Single screen interface for Cash and subordinates and that's only the tip of the iceberg.
Provision to enter value trigger and view the same online in market watch.

TRADE TIGER

TRADE TIGER is a web based programming application which is the blend of EQUITY and
COMMODITIES that empowers you to purchase and offer and well as wares thing in a split second. It
is perfect for each customer of SHAREKHAN LTD.

Highlights

Integration of EQUITY and COMMODITIES MARKET.


Instant arrange Execution and Confirmation.
Single screen exchanging terminal for NSE Cash, NSE F&O and BSE and Commodities.
Technical Studies.

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Multiple Charting.
Real-time gushing quotes, tic-by-tic outlines.
Market synopsis (Cost exchanged scrip, most elevated esteem and so on.)
Hot keys like agent's terminal.
Alerts and updates.
Back-up office to place exchanges on Direct Phone lines.
Live advertise obligations.

DIAL-N-TRADE

Alongside empowering access for your exchange on the web, the CLASSIC and TRADE TIGER
ACCOUNT additionally gives you our Dial-n-exchange administrations. With this administration, you
should simply dial our committed telephone lines which are 1800-22-7500, 3970-7500.

PORTFOLIO MANAGEMENT SERVICES

Sharekhan is likewise having Portfolio Management Services for Exclusive customers.

1. PROPRIME - Research and Fundamental Analysis.

Perfect for financial specialists taking a gander at consistent and better comes back with low than
medium hazard craving. This portfolio comprises of a mix of value blue-chip and development stocks
guaranteeing an adjusted portfolio with generally medium hazard profile. The portfolio will for the
most part have extensive capitalization stocks in view of areas and subjects that have medium to
long haul development potential.

2. PROTECH - Technical Analysis.

Protech utilizes the information of specialized investigation and the energy of subordinates market
to distinguish exchanging openings in the market. The Protech lines of items are planned around
different hazard/remunerate/instability profiles for various types of venture needs.

THRIFTY NIFTY: Nifty prospects are purchased and sold on the premise of a computerized
exchanging framework that produces calls to go long/short. The presentation never surpasses
estimation of portfolio i.e. there is no utilizing; however being short in Nifty enables you to win even
in falling markets and there by produces direct

BETA PORTFOLIO: Positional exchanging openings are distinguished in the prospects fragment in
view of specialized examination. Expression focuses in the energy cycles are distinguished to go
long/short on stock/record prospects with 1-2 month time skyline. The thought is to create the most
ideal returns in the medium term independent of the heading of the market without truly utilizing
past the portfolio esteem. Chance assurance is done in view of stop misfortunes on day by day
shutting costs.

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STAR NIFTY: Trailing Stops Momentum exchanging systems are utilized to spot short term energy of
5-10 days in stocks and stocks/list prospects. Trailing stop misfortune strategy for hazard
administration or benefit insurance is utilized to bring down the portfolio unpredictability and
amplify returns. Exchanging openings are investigated both on the long and the short side as the
market requests to outdo both upwards and descending patterns.

3. PROARBITRAGE - Exploit value examination

- ONLINE IPO'S AND MUTUAL FUNDS ADVISORY IS AVAILABLE.

CHARGE STRUCTURE

1) Pre Paid Account: -

- Advance Amount which will be completely balanced against your financier you paid in One year.

Taking after Schemes Are Available: - Brokerage will be charged -

2,000/ - Scheme: - 0.070/0.40 %

6,000/ - Scheme: - 0.025/0.25 %

18,000/ - Scheme: - 0.040/0.20 %

30,000/ - Scheme: - 0.030/0.18 %

60,000/ - Scheme: - 0.020/0.15 %

1,00,000/ - Scheme: - 0.015/0.10 %

2) Normal Account: -

Money Trading : - 0.50% or 10 Paisa for each offer. Min. Rs.16/ - per script.

Edge Trading : - 0.10% or 5 Paisa for each offer.

Future and Options : - 0.10% (First Leg)

0.02% (second Leg if square off same day)

0.10% (second Leg)

Store CHARGES

Account Opening Charges Rs. 750

Yearly Maintenance Charges Rs. NIL first year

Rs. 300 per annum from second year forward

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Least Brokerage Intra Day per Share:

5 Paisa every leg (purchase or offer) for Intra-day Trades (For e.g. on Rs 20 Scrip, financier @ 0.10% =
2 paisa, yet there is a min. chargeable measure of 5 paisa).

Least Delivery Handling Charges:

10 Paisa for Delivery Trades (purchase and offer) (For e.g. on a Rs 10 Scrip, financier @ 0.50% = 5
paisa, however there is a min. chargeable measure of 10 paisa). Rs 16/ - per Scrip (brok. per Scrip will
be charged for the offering of offers). (For e.g. on the off chance that a client offers 100 offers of
SAIL, Delivery esteem = 2200, financier @ 0.5% = Rs 11, however the min chargeable amt per scrip
every day = Rs 16), so extra Rs 5/ - will be charged as Min conveyance taking care of charges).

Least Margin of Rs.5000/ - is required for Account Opening.

Yearly Maintenance Charges will NIL for first year and Rs. 300/ - from second year.

KEY PERSONS

Mr. Jaideep Arora- Chief Executive Officer and Whole Time Director

Mr. Shankar Vilaya- Whole Time Director

Mr. Varun Sridhar- Whole Time Director

Mr. Jean Christophe Gougeon- Whole Time Director

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ORGANOGRAM OF SHAREKHAN

Chief executive officer

Vice President

Assistant Vice President

Country Head

Regional Sales Manager

Area Sales Manager

Territory Manager

Relationship Manager/ Equity advior

Senior Sales Executive

Dealer

Super Trainee (for six months)

Trainee (for two months)

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INDUSTRY ANALYSIS

The capital market is the market for securities, where Companies and governments can raise long
haul reserves. It is a market in which cash is loaned for periods longer than a year. A country's capital
market incorporates such money related establishments as banks, insurance agencies, and stock
trades that channel long haul speculation assets to business and modern borrowers. Dissimilar to
the currency advertise, on which loaning is customarily here and now, the capital market regularly
funds settled ventures like those in structures and apparatus.

Nature and Constituents:

The capital market comprises of number of people and establishments (counting the administration)
that canalize the supply and interest for long haul capital and claims on capital. The stock trade,
business banks, co-agent banks, sparing banks, advancement banks, insurance agencies, speculation
trust or organizations, and so on., are critical constituents of the capital markets.

The capital market, similar to the currency advertise, has three critical Components, to be specific
the providers of advance capable assets, the borrowers and the Intermediaries who manage the
pioneers from one perspective and the Borrowers on the other.

The interest for capital comes generally from horticulture, industry, exchange the administration.
The dominating type of modern association created. Capital Market turns into an essential
foundation for quick industrialization. Capital market not concerned exclusively with the issue of
new claims on capital, But additionally with managing in existing cases.

HISTORY OF CAPITAL MARKET

Set up in 1875, the Bombay Stock Exchange (BSE) is Asia's initially stock trade. In twelfth century
France the courratiers de change were worried with overseeing and managing the obligations of
rural groups for the banks. Since these men additionally exchanged with obligations, they could be
known as the main specialists. A typical skepticism is that in late thirteenth century Bruges item
dealers assembled inside the place of a man called Van der Beurze, and in 1309 they turned into the
"Brugse Beurse", regulating what had been, until then, a casual meeting, regardless, the family Van
der Beurze had a working in Antwerp where those get-togethers happened; the Van der Beurze had
Antwerp, as the majority of the shippers of that period, as their essential place for exchanging. The
thought rapidly spread around Flanders and neighboring districts and "Beurzen" soon opened in
Ghent and Amsterdam.

Amidst the thirteenth century, Venetian financiers started to exchange government securities. In
1351 the Venetian government prohibited spreading bits of gossip expected to bring down the cost
of government assets. Investors in Pisa, Verona, Genoa and Florence likewise started exchanging
government securities amid the fourteenth century. This was conceivable on the grounds that these
were autonomous city states not governed by a duke but rather a committee of compelling subjects.
The Dutch later began business entities, which let shareholders put resources into business wanders
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and get an offer of their benefits - or misfortunes. In 1602, the Dutch East India Company issued the
primary offer on the Amsterdam Stock Exchange. It was the principal organization to issue stocks
and bonds.

The Amsterdam Stock Exchange (or Amsterdam Beurs) is additionally said to have been the main
stock trade to present constant exchange the mid seventeenth century. The Dutch "spearheaded
short offering, alternative exchanging, obligation value swaps, shipper saving money, unit trusts and
other theoretical instruments, much as we probably am aware them" There are presently securities
exchanges in essentially every created and most creating economies, with the world's greatest
markets being in the United States, United Kingdom, Japan, India, China, Canada, Germany, France,
South Korea and the Netherlands.

SIGNIFICANCE OF STOCK MARKET

Capacity and reason

The share trading system is a standout amongst the most essential hotspots for organizations to
raise cash. This enables organizations to be traded on an open market, or raise extra capital for
extension by offering offers of responsibility for organization in an open market. The liquidity that a
trade gives manages financial specialists the capacity to rapidly and effortlessly offer securities. This
is an appealing component of putting resources into stocks, contrasted with different less fluid
speculations, for example, land.

History has demonstrated that the cost of offers and different resources is a vital piece of the flow of
monetary movement, and can impact or be a marker of social inclination. An economy where the
share trading system is on the ascent is thought to be a best in class economy. Truth be told, the
share trading system is regularly viewed as the essential pointer of a nation's monetary quality and
improvement. Rising offer costs, for example, have a tendency to be related with expanded business
speculation and the other way around. Share costs additionally influence the abundance of family
units and their utilization. Consequently, national banks tend to watch out for the control and
conduct of money markets and, when all is said in done, on the smooth operation of monetary
framework capacities. Budgetary strength is the raison d'tre of national banks.

Trades likewise go about as the clearinghouse for every exchange, implying that they gather and
convey the offers, and certification installment to the vender of a security. This disposes of the
hazard to an individual purchaser or vender that the counterparty could default on the exchange.

The smooth working of every one of these exercises encourages monetary development in that
lower costs and endeavor dangers advance the creation of products and administrations and
additionally business. Along these lines the monetary framework adds to expanded success. A
critical part of current money related markets, be that as it may, including the securities exchanges,
is outright caution.

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For instance, American securities exchanges see more excessive acknowledgment of any firm than in
littler markets. For instance, Chinese firms that have practically no apparent incentive to American
culture benefit American financiers on Wall Street, as they procure substantial commissions from
the arrangement, and in addition the Chinese organization which yields assets to put resources into
China. In any case, these organizations accumulate no natural incentive to the long haul steadiness
of the American economy, yet rather just here and now benefits to American specialists and the
Chinese; in spite of the fact that, when the outside organization has a nearness in the new market,
this can profit the market's subjects. Then again, there are not very many huge outside partnerships
recorded on the Toronto Stock Exchange TSX, Canada's biggest stock trade. This caution has
protected Canada to some degree to overall money related conditions. All together for the securities
exchanges to really encourage financial development through lower costs and better business,
awesome consideration must be given to the outside members being permitted in. Connection of
the share trading system to the cutting edge money related framework. The money related
frameworks in most western nations has experienced an amazing change. One element of this
improvement is disintermediation. A part of the assets required in sparing and financing, streams
specifically to the money related markets as opposed to being directed through the conventional
bank loaning and store operations. The overall population's elevated enthusiasm for putting
resources into the share trading system, either straightforwardly or through common assets, has
been an imperative segment of this procedure.

Measurements demonstrate that in late decades shares have made up an inexorably substantial
extent of family units' money related resources in numerous nations. In the 1970s, in Sweden, store
accounts and other extremely fluid resources with little hazard made up just about 60 percent of
family units' money related riches, contrasted with under 20 percent in the 2000s. The significant
piece of this modification in money related portfolios has gone straightforwardly to shares yet a
decent arrangement now appears as different sorts of institutional venture for gatherings of people,
e.g., benefits stores, common assets, speculative stock investments, protection venture of
premiums, and so on.

The pattern towards types of sparing with a higher hazard has been complemented by new
guidelines for most finances and protection, allowing a higher extent of offers to bonds. Comparable
inclinations are to be found in other industrialized nations. In all created monetary frameworks, for
example, the European Union, the United States, Japan and other created countries, the pattern has
been the same: sparing has moved far from customary (government safeguarded) bank stores to
more hazardous securities of some sort.

The share trading system, singular speculators, and money related hazard more dangerous long haul
sparing requires that an individual have the capacity to deal with the related expanded dangers.
Stock costs vacillate broadly, in checked differentiation to the security of (government guaranteed)
bank stores or bonds. This is something that could influence the individual speculator or family, as
well as the economy on an extensive scale. The accompanying manages a portion of the dangers of
the money related division all in all and the share trading system specifically. This is positively more
critical now that such a variety of newcomers have entered the share trading system, or have
procured other "hazardous" speculations, (for example, "venture" property, i.e., land and
collectables).

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With each passing year, the noise level in the stock market rises. Television commentators, financial
writers, analysts,& market strategists are all overtaking each other to get investors' attention. At the
same time, individual investors, immersed in chat rooms & message boards, are exchanging
questionable & often misleading tips. Yet, despite all this available information, investors find it
increasingly difficult to profit. Stock prices skyrocket with little reason, then plummet just as quickly,
& people who have turned to investing for their children's education & their own retirement
become frightened. Sometimes there appears to be no rhyme or reason to the market, only folly.

This is a quote from the preface to a published biography about the long-term value-oriented stock
investor Warren Buffett. Buffett began his career with $100, and $100,000 from seven limited
partners consisting of Buffett's family and friends. Over the years he has built himself a multi-billion-
dollar fortune.

PART OF CAPITAL MARKET

The essential part of the capital market is to raise long haul reserves for governments, banks, and
partnerships while giving a stage to the exchanging of securities. This raising money is directed by
the execution of the stock and security advertises inside the capital market. The part associations of
the capital market may issue stocks and securities keeping in mind the end goal to raise stores.
Financial specialists can then put resources into the capital market by acquiring those stocks and
securities.

The capital market, in any case, is not without hazard. It is critical for financial specialists to
comprehend advertise drifts before completely putting resources into the capital market. With that
in mind, there are different market records accessible to financial specialists that mirror the present
execution of the market.

Direction of the Capital Market

Each capital market on the planet is observed by money related controllers and their separate
administration association. The motivation behind such control is to shield speculators from
misrepresentation and double dealing. Money related administrative bodies are additionally accused
of limiting budgetary misfortunes, issuing licenses to monetary specialist organizations, and
authorizing material laws.

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The Primary and Secondary Markets

The capital market is likewise subject to two sub-markets the essential market and the optional
market. The essential market manages recently issued securities and is in charge of creating new
long haul capital. The auxiliary market handles the exchanging of already issued securities, and must
remain very fluid in nature in light of the fact that the majority of the securities are sold by financial
specialists. A capital market with high liquidity and high straightforwardness is predicated upon an
auxiliary market with similar qualities.

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FINANCIAL ANALYSIS

FINANCIAL RATIO ANALYSIS


Financial ratio analyses are comparison of financial statements. The relationship between the
statements helps the users to understand how well a business is performing and the areas that needs
improvement.
Financial Ratios are divided into four categories-
Liquidity Ratio
Solvency Ratio
Efficiency Ratio
Profitability Ratio

Liquidity Ratio
Liquidity ratio examine the capacity of an organization to pay off both its present liabilities as they
end up noticeably due and in addition their long haul liabilities as they end up plainly present. As it
were, these ratios demonstrate the money levels of an organization and the capacity to transform
different resources into money to pay off liabilities and other current commitments.

1. Current ratio- The current ratio measures a firm's ability to pay off its short-term liabilities with its
current assets.

Current ratio=

Organization Name 2015-16 2014-15


Sharekhan ltd. 2.24 2.07
HDFC Securities 2.07 1.58

Interpretation: - An organization having a higher current ratio means the organization can easily pay
off its liabilities. The current ratio of Sharekhan Limited in 2015 was 2.07 and in 2016 it was 2.24,
whereas the current ratio of its peer organization HDFC Securities is 2.07 and in 2015 and in 2016 it
was 1.58. Both the companies can pay off their liabilities. There is an increase in the current ratio of
both the companies.

Sharekhan ltd. |Corporate Internship Report 25


2. Quick ratio- Quick ratio is the relationship between the quick assets and the current liabilities of the
company. Quick ratio tells about the ability of a company to pay its current liabilities when they come
due with only quick assets.
Quick assets are current assets that can be converted to cash within 90 days or in the short-term.

Quick Ratio =

Company name 2016 2015

Sharekhan ltd 2.24 1.70

HDFC Securities 2.07 1.58

Interpretation:-. The more favourable ratio is the high quick ratio, as it shows more quick assets to
pay off current liabilities. The quick ratio of Sharekhan Limited in 2015 was 1.70 and in 2016 it were
2.24 whereas the quick ratio of HDFC Securities in 2015 was 1.58 and in 2016 it was 2.07. There was
an increase in the quick assets of both the companies in 2016.

Profitability ratio
Profitability ratios are used to assess a businesss ability to generate earnings compared to its
expenses.

1) Return on Assets Ratio- Return on assets ratio tells the net income produced by total assets during a
particular period of time.

=

Company name 2016 2015

Sharekhan ltd 7% 12%

HDFC Securities 0.13% 0.18%

Sharekhan ltd. |Corporate Internship Report 26


Interpretation: - The ROA of Sharekhan Limited in 2015 and 2016 was 12% and 7% respectively, and
the ROA of HDFC Securities in 2015 and 2016 was 0.18% and 0.136% respectively. Here Sharekhan
Limited is in more favourable condition than HDFC Securities.

2) Return on Equity: - It is the ability of the organization to generate profit from the shareholders fund.

=

Company name 2016 2015

Sharekhan ltd 1.3% 1.7%

HDFC Securities 0.20% .0.28%

Interpretation: -. The ROE ratio of Sharekhan Limited in 2015 was 1.70% and in 2016 it was 1.30%
which is less than the previous year and the ROE ratio of HDFC Securities in 2015 was 0.28 % and in
2016 it was 0.20 %; here the ROE of both the companies has decreased

Activity ratio
Activity ratios tell us about how efficiently the company uses its assets to generate income.

1) Asset Turnover ratio- asset turnover ratio is calculated by comparing net sales with average total
assets. It tells company's ability to generate sales from its assets.

=

Company name 2016 2015

Sharekhan ltd .28 .37

HDFC Securities 0.39 0.45

Sharekhan ltd. |Corporate Internship Report 27


Interpretation: - In 2015 Sharekhan ltd. Generate 0.37 sales from its assets but in 2016 the sales
generated was 0.28 which is less than 2015. On the other hand the assets turnover ratio of HDFC
Securities has also decreased from 0.45 in 2015 to 0.39 in 2016.

Leverage ratio
Leverage ratios are used to measure the value of equity in a business by comparing debts or equity
to assets.
1) Equity Ratio- It measures the amount of assets that are financed by investors fund.

=

Company name 2016 2015

Sharekhan ltd 0.61 0.58

HDFC Securities 0.63 0.60

Interpretation: The equity ratio of Sharekhan in 2015 was 0.58 and it has increased in 2016 to 0.61
which means there is an increase in the amount of assets that are financed by investors fund same is
the case with HDFC Securities the equity ratio of HDFC Securities has also increased from 0.60 in
2015 to 0.63 in 2016.
2) Debt ratio- It measures the ability of the organization to pay off its liabilities with its assets

=

Company name 2016 2015

Sharekhan ltd 0.38 0.41

HDFC Securities 0.58 0.66

Interpretation: The lower the debt ratio the higher it is favourable for the organization. The debt
ratio of both the organization has decreased. The debt ratio of Sharekhan ltd. In 2015 was 0.41 and in
2016 it was 0.38. In case of HDFC Securities the debt ratio for 2015 is 0.66 and for 2016 is 0.58.

Sharekhan ltd. |Corporate Internship Report 28


Cash Flow Analysis
Cash flow is the statement that tells about the inflow and outflow of cash from the different
activities that takes place in the business. There are three types of activities that a business
carry they are:-
1. Cash flow from operating activities
2. Cash flow from investing activities
3. Cash flow from financing activities

CASH FLOW 2015-16 (in crore) 2014-15 (in crore)


Sharekhan Ltd. HDFC Sharekhan Ltd. HDFC
securities securities
Net Cash flow from Operating 680.1 17760 155.7 4864
activities

Net Cash flow from Investing 146.9 (7924) (35.8) 1004


activities
Net Cash flow from Financing 2 (7457) (92.8) (1041)
activities

Interpretation: The net cash flow from operating activities of HDFC Securities is higher than the net
cash flow from operating activities of Sharekhan ltd. In 2015-16 the net cash flow from operating
activities of HDFC securities is Rs.17760 crore and in 2015-16 and Rs. 4864 crore in 2014-15 where as
the net cash flow from operating activities of Sharekhan ltd. Is Rs. 680.1 crore in 2015-16 and in
2014-15 it was Rs. 155.7 crore.

Interpretation: Net cash flow from investing activities of Sharekhan ltd. has increased in the year
2015-16 as compared to the year 2014-15. In 2014-15 Sharekhan has a negative cash flow from
investing activities. On the other hand the net cash flow from investing activities of HDFC Securities
has gone down to Rs. (7924) crore in 2015-16 from Rs. 1004 crore in 2014-15.

Interpretation: Net cash flow from financing activities in Sharekhan ltd. has increased from
negative Rs. 92.8 crore in 2014-15 to Rs. 2 crore in 2015-16 whereas the net cash flow from financing
activities of HDFC Securities has negatively increased from Rs. (1041) crore in 2014-15 to Rs. (7457)
crore in 2015-16.

Sharekhan ltd. |Corporate Internship Report 29


COMPARATIVE ANALYSIS OF SHAREKHAN LTD. WITH OTHER STOCK BROKING
HOUSES

My Work Profile

I joined Sharekhan ltd. as management intern under Asst. Manager Mr. Ravi Verma who infused us
with the knowledge of two departments i.e. trading and sales. For the first month, he taught us
about basics of the trading like how to watch the market and relations between them, when to enter
and leave the market and how to invest the customers cash. For this we needed to open our Demat
and trading account with the Sharekhan. Our mentor taught us how to invest utilizing their product
and software, after that later on we were offered focuses to profit by the day's end and various task
related to stock market.

In second month, he taught us the basics of sales where we were taught about the products detail,
how to introduce to the clients and how to invest. First, we have to conduct a survey to increase the
customers awareness and attract as much as potential customers we can.

After the completion of first task, we were given couple of leads on prospective clients to convert
them into an account, for this purpose we needed to visit different places. To start with we needed
to take appointment from the clients who are interested in opening an account with the Sharekhan
and on visiting to them we explained them the products and services of Sharekhan and how they can
invest in the market.

Sharekhan ltd. |Corporate Internship Report 30


Organization Background

Share khan Depository Services offers dematerialization administrations to individual and corporate
financial specialists.

Share khan, one of India's driving business houses, is the retail arm of SSKI. With more than 350 offer
shops in 115 urban communities, and India's chief internet exchanging entrance
www.sharekhan.com, our clients appreciate multi-channel access to the securities exchanges.

Concentrated on giving value answer for each fragment

Online Account Types:

Classic Account: Investors in values

Trade Tiger: Trader in values and subsidiaries

The Brokerage Charges are ascertained as under:-

For Intra-day Trades:-

Depiction Brokerage Minimum business per share

Intra day Buying 0.10% 5 Paisa*

Intra day Selling 0.10% 5 Paisa*

This implies if the offer value you exchange is Rs 50/ - or less, a base business of 5 Paise per offer
will be charged.

For Delivery Based Trades:-

Portrayal Brokerage Minimum financier per share

Conveyance Buying 0.50% 10 Paisa**

Sharekhan ltd. |Corporate Internship Report 31


Conveyance Selling 0.50% 10 Paisa**

** Minimum financier of 10 paise per offer is relevant when the offer cost is Rs 20/ - or less. Least
financier [as DP Charge] is Rs. 16.00 and the same is to be charged on just SELL side.

For Future exchanges:

Depiction Brokerage Minimum business per share

To start with Leg 0.10%*** NA

Second Leg (If it is intraday) 0.02%*** NA

Second leg (For whatever other day offering) 0.10%*** NA

*** All the businesses are charged in subsidiaries on the estimation of agreement

Sharekhan ltd. |Corporate Internship Report 32


Organization Background

Kotak Securities has 122 branches adjusting more than 1,70,000 clients and a scope of 187 urban
communities. Kotaksecurities.com, the online division of Kotak Securities Limited offers Internet
Broking administrations and furthermore online IPO and Mutual Fund Investments.

Kotak Securities constrained is a joint wander between Kotak Mahindra Bank and Goldman Sachs

CRITERIA: Kotak securities .com

Demat a/c opening charges: RS 550

Business intraday, conveyance 2.5P, 25P

AMC RS 30pm (resource administration organization)

Exchanging financing intraday, conveyance

7times, 4 times

Financing cost 21%

Charge period T+2

Method of exchanging disconnected

Edge cash Rs8000/ -

Programming establishment charges

Sharekhan ltd. |Corporate Internship Report 33


Organization Background

India bulls Financial Services Ltd. is an open organization and recorded on the National Stock
Exchange, Bombay Stock Exchange, Luxembourg Stock Exchange and London Stock Exchange. The
organization position at 82nd position in the rundown of most significant organizations in India has a
market capitalization of approx US $ 800 million. The merged total assets of the organization is
approx US $ 400 million

Indiabulls, alongside its backup organizations, offer shopper credits, financier and storehouse
administrations, individual advances, home advances and other budgetary items and administrations
to the retail advertises.

India bulls Resources Ltd, a 100 for every penny auxiliary of Indiabulls Financial Services Ltd., has
been built up with the goal of developing as a free oil organization after some time. The prompt here
and now objective is to band together with oil organizations that will come to India and offered in
the current NELP-6 round.

Through its gathering organizations, Indiabulls is likewise occupied with land advancement. The
organization is creating present day business edifices in the heart of Mumbai. Indiabulls Estates Pvt
Ltd. the land arm of Indiabulls Financial Services will set up an incorporated township spread
crosswise over 100 sections of land in Sonipat, 15 km from Delhi.

ONLINE ACCOUNT TYPES:

Signature Account: Plain vanilla Account with concentrate on value Analysis. The value
investigation is a paid administration notwithstanding for A/C holder.
Power Indiabulls; Account with modern exchanging devices, low commissions and need
access to RM

Sharekhan ltd. |Corporate Internship Report 34


Evaluating of IB Account

Signature Account

Account opening: Rs 250


Demat: Rs 200 if POA is marked, No AMC for this DP
Initial Margin: NIL
Brokerage: Negotiable

Control Indiabulls

Account opening: Rs 750


Demat: Rs 200
Initial Margin: NIL
Brokerage: Negotiable

Sharekhan ltd. |Corporate Internship Report 35


Organization Background

ICICI WEB TRADE LIMITED is an organization that is wander of ICICI Bank, ICICI Limited to deliver an
incorporated offering of e-broking administrations. This administration is the mix of these whole
three associations. Advancements are cared for ICICI web Trade that has made e-contribute office,
usually known as ICICI Direct.com conceivable. This organization is 100% auxiliary of ICICI Limited.
The organization empowers to have the office of having every one of the offices on the web. One
can see his managing an account exchanges on the web, see the Demat adjust with the most recent
market esteems and in the meantime purchase and offer offers on the web. This organization has
spearheaded the idea of e-broking in India. The organization ran online with NSE on fifteenth April
2000

CRITERIA ICICI DIRECT

Demat a/c opening charges RS 750/ -

Business intraday, conveyance 50P, 75P

AMC RS 500/ -

Exchanging financing intraday, conveyance

Loan cost 18%

Charge period T+2

Method of exchanging Online

Edge cash 5000

Programming establishment charges nil

Sharekhan ltd. |Corporate Internship Report 36


Organization Background

HDFC was consolidated in 1977 with the essential target of meeting a social need that of advancing
home possession by giving long haul back to family units for their lodging needs. HDFC was advanced
with an underlying offer capital of Rs. 100 million.

About HDFC Securities

HDFC sec is a brand conveyed to you by HDFC Securities Ltd, which has been advanced by the HDFC
Bank and HDFC with the goal of giving the various client base of the HDFC Group and different
speculators a capacity to execute in the Stock Exchanges and other money related market
exchanges.

CRITERIA HDFC securities

Demat a/c opening charges Rs 799/ -

Financier intraday, delivery 15p, 50p

AMC nil

Exchanging subsidizing intraday, conveyance

10times, 4 times

Loan cost -

Charge period T+ 2days

Method of exchanging both

Edge cash 5000, 10000

Programming establishment charge

Sharekhan ltd. |Corporate Internship Report 37


Organization Background

Religare Enterprises Limited (A Ranbaxy Promoter Group Company) through Religare Securities
Limited, Religare Finvest Limited, Religare Commodities Limited and Religare Insurance Broking
Limited gives coordinated monetary answers for its corporate, retail and riches administration
customers. Today, we give different monetary administrations which incorporate Investment
Banking, Corporate Finance, Portfolio Management Services, Equity and Commodity Broking,
Insurance and Mutual Funds. Furthermore, there's significantly more to come your direction.

Religare is pleased with being a really proficient money related specialist co-op overseen by a
profoundly talented group, who have demonstrated reputation in their separate areas. Religare
operations are overseen by more than 3000 exceptionally talented experts who subscribe to
Religare theory and are spread over its nation wide branches.

Today, we have a developing system of more than 300 branches and more than 580 business
accomplices spread crosswise over more than 300 urban communities/towns in India and a
completely operational worldwide office at London.

Contingent upon customer's necessities it has three stages to offer for web based exchanging:

1. R-ACE (Asp Version): This is a program based web based exchanging stage with all the
fundamental components required to make exchange utilizing Internet Explorer. The advantage of
this item is it utilizes insignificant assets of the framework. There will be a one time charge of Rs.299
charged from RACE customers An underlying edge of Rs 5000 is additionally required which can be
utilized for exchanging.

2. R-ACE Lite (Applet Version): This is likewise a program based variant with some esteem included
components tossed in which will help the customer to screen the market and make fast purchase

Sharekhan ltd. |Corporate Internship Report 38


and offer exchanges. There will be a one time charge of Rs. 499 charged from RACE Lite customers.
An underlying edge of Rs 5000 is additionally required which can be utilized for exchanging.

3. R-ACE Pro (Application Based): This is completely stacked programming which has many
components that will change the way one exchange securities exchange. The exchanging terminal is
downloaded on the framework and it can be keep running from any area. There will be a onetime
charge of Rs. 999 charged from RACE-Pro customers. An underlying edge of Rs 10000 is additionally
required which can be utilized for exchanging.

CRITERIA RELIGARE SECURITIES LTD

Demat a/c opening charges 299,499,999

Business intraday, conveyance Classic arrangement: 5p, 50p

Flexibility arrange; 3p, 30p

No AMC

Exchanging subsidizing intraday, conveyance

6times, 4 times (minimum stock Rs. 500000)

Loan fee 18 %pa

Charge period T+2 DAYS

Method of exchanging both on the web and of line

Edge cash 5000,5000,10000

Programming establishment charges No additional charges

Sharekhan ltd. |Corporate Internship Report 39


COMPARISION

Following stock broking companies are taken for comparative analysis

Religare

Kotak securities

Sharekhan

HDFC securities

ICICI direct

Name of the Kotak Sharekhan HDFC ICICI direct Religare

site/Trading Securities Securities

member
name

Website www.kota www.sharek www.hdf www.icicidirect. www.religare.com


kse han cs com
address
curities.co .com ec.com
m

Account Retail: Rs750 Rs 799 Rs.750 Rs299,499,999

opening Rs.750/-

Charges HNI:

Rs.750/-
out

of which

entire

Rs.750/- is

reversed

Sharekhan ltd. |Corporate Internship Report 40


against the

brokerage
in

first
quarter.

Minimum Rs.1000/- Nil NIL No NIL


or
balance in
Ebrokerage stock
worth
account
Rs.1000/-

Minimum Nil Nil Nil Nil NIL

trade
amount

Cash yes Yes yes Yes Yes

Margin yes Yes no Yes(on select Yes


stocks)

Delivery Retail:0.45 0.50% 0.5% of Slab wise 0.50%


% structure -
the trade
flat Less than 10
value or
lacks per
HNI:0.18%
Rs.15/-
qtr-0.75%.
(client is
which
observed ever
for
higher
a qtr and if

volumes
are

Sharekhan ltd. |Corporate Internship Report 41


not up to
the

mark - he
is

transferre
d to

retail.

Name of the Kotak SSKI SSKI ICICI Bank Ltd. Ranbaxy group
Securities Securities
DP Securities
Ltd Ltd
ltd, Kotak

Mahindra

bank and

Citibank

No of DP 1 Multiple 4, with 5 Na
a/c's
same first
that can be
holder
linked

Charges for Free along Free along Free with Free with Free along with
with
opening each with online online online online trading
online
DP account trading account. account. A/c.
trading
A/c.
A/c.

Charges after Rs.360/- Rs300 500/- 500/- Rs250


per
first year(In
year
case of

Sharekhan ltd. |Corporate Internship Report 42


waiver

in the 1st yr)

Name of the HDFC,CITI HDFC,CITI HDFC ICICI Bank Ltd. HDFC,ICICI,PNB,AXIS,


BANK OF INDIA,
Bank BANK,KOT BANK,IDBI BANK.

AK Bank, OBC,

MAHINDR UTI BANK,

A BANK ICICI, Yes

and UTI Bank, UBI,

BANK IndusInd
Bank

No of bank 1 Multiple 1 1 1

a/c's that can

be linked

Type of bank Savings/Cu Savings/Curr Savings/C Saving Saving\current


rr urr
account Ent
ent ent
(Current/

Saving)

Frequency of On T + 1 On T basis T+2 Day of T+2


settlement
delivery (day Basis
of

the

trade/settle
men

Sharekhan ltd. |Corporate Internship Report 43


wise/depend
ent

on amount

traded)

Is trade Yes. Yes. Yes. Can Yes, by Email, on Yes,phone,email,

confirmation be seen in website and by


physical
sent by email site
reports.

Investment Available Available on No. It is Yes Available on sms,


on email, phone,
Advisory available
e-mail, website, physical reports
services on
website, sms, phone, website
provided
sms,
(Y/N) physical
phone, reports

physical

reports

Are orders Yes Yes Yes, Yes No

taken after Minimum

trading order of
hours? Rs

1000/- on

phone.

Are offline Yes Yes First 25 First 20 calls Yes


free. Rs
orders taken calls free.
by 25/- per call
Rs 25/-

Sharekhan ltd. |Corporate Internship Report 44


phone/email per after 25th

(Y/N) call after call.

25th call.

Do you offer no Yes Yes Yes No

trading via

IVR

(Interactive

voice

response)?

No. of 1 1+4 1 1

portfolio's

allowed to
be

created

NSE(Y/N) yes Yes yes Yes Yes

BSE(Y/N) yes Yes yes Yes Yes

Loan against Yes, Non Listed on No No (Contact DP No (Contact DP for


for
shares given cash limit NSE/BSE (Contact special cases)
special cases)
would be demat list DP for

given special
against
cases)
pledging,

only for

Sharekhan ltd. |Corporate Internship Report 45


H.N.I

Hni: 3 5 Days 5 days 10 days 3 Days

Time taken working


to days

open Retail:7 - 8
Ebrokerage
working
account days

When did August July 2000. Novembe NA NA


2000. r
trading start
2000.
/When is it

going to
start?

Sharekhan ltd. |Corporate Internship Report 46


CONCLUSION

Indian economy has been globalized and the capital market has been connected to the worldwide
money related market. Remote individual financial specialists have energized taking an interest into
it. Thus, there is a requirement for raising the Indian Capital market into the worldwide models as far
as proficiency and straightforwardness. One such apportion is the death of the Depository Act amid
the year 1996.

Dematerialization of securities and under this framework is one of the real strides gone for
enhancing and modernizing the capital market and improving the levels of financial specialist's
assurance measures which goes for taking out the awful conveyances and fabrication of offers and
assisting the exchange of offers.

The disadvantage of the old framework and the pool confirmation measures looked to enhance
effectiveness in exchange and straightforwardness guidelines incited to assess productivity the
working of the dematerialization procedure and to concentrate on the advancements of the vault
framework in the Indian Capital Market. The review demonstrated that there is a development in
the offers incorporated into the Dematerialization procedure both as far as volume of offers and
estimation of offers.

Sharekhan ltd. |Corporate Internship Report 47


KEY LEARNINGS

In this two month period time of internship I have learned about various products and
services offered by Sharekhan Ltd.
I have learned how to use its online trading terminal TRADE TIGER and how to trade in the
stock market with self research and fundamental research provided by Sharekhan Ltd.
I have improved my negotiation skill by learning how to deal with clients and how to
understand the need of client and offer the product accordingly.
I have also learned how to take appointments and close the calls.
I have also learned how to maintain good relation with clients and its importance.
In the last I have gained the practical knowledge of how the companies work in real.

Sharekhan ltd. |Corporate Internship Report 48


MY CONTRIBUTION TO THE COMPANY

I have helped the company in promoting and increasing awareness among prospect
customer about its products and services.
I have assisted the company in conducting market survey which was conducted to know
awareness among the public.
I have helped the company in increasing its business by bringing in few new accounts and
making them trade.

Sharekhan ltd. |Corporate Internship Report 49


ANNEXURE

Balance Sheet of Sharekhan Ltd.


(Rs in Cr) (Rs in Cr) (Rs in Cr)
Particulars Mar 2016 Mar 2015 Mar 2014
SOURCES OF FUNDS
+ Share Capital 86.5 86.3 86.3
Equity Authorised 39 39 39
Equity Issued 35.5 35.3 35.3
Equity Subscribed 35.5 35.3 35.3
Equity - Called Up 35.5 35.3 35.3
Less : Calls in Arrears 0 0 0
Equity - Paid Up 35.5 35.3 35.3
Equity Shares Forfeited 0 0 0
Adjustments to Equity 0 0 0
Preference Capital Paid Up 51 51 51
Convertible Pref. Shares 0 0 0
Non - Convertible Pref. Shares 51 51 51
Unclassified Shares Paid Up 0 0 0
Face Value 10 10 10
Share Warrants & Outstandings 0 0.2 0.1
+ Reserves & Surplus 895.1 772.5 623.7
Securities Premium 46.4 44.4 44.4
Capital Reserves 0 0 0
Profit & Loss Account Balance 845.7 725.1 576.3
General Reserves 0 0 0
Investment Fluctuation Reserve 0 0 0
Govt. Grant 0 0 0
Debenture Redemption Reserve 0 0 0
Capital Redemption Reserve 3 3 3
Amalgamation Reserve 0 0 0
Exchange Fluctuation reserve 0 0 0
Statutory Reserves 0 0 0
Special Reserve 0 0 0
Investment Allowance (Utilised) Reserve 0 0 0
Doubtful Debts Reserve 0 0 0
Deferred Tax Reserve 0 0 0
Exports Profits Reserve 0 0 0
Contingency Reserve 0 0 0
Revenue Reserve 0 0 0
Subsidy Reserve (Central / State) 0 0 0
Foreign Projects Reserves 0 0 0
Hedging Reserve 0 0 0
Tariffs And Dividends Control Reserve 0 0 0
Development Reserve 0 0 0

Sharekhan ltd. |Corporate Internship Report 50


Special Appropriation Towards Project Cost 0 0 0
Capital Contributions From Consumers 0 0 0
Other Reserves 0 0 0
Revaluation reserve 0 0 0
Revaluation reserve Assets 0 0 0
Revaluation reserve Investment 0 0 0
Reserve excluding Revaluation Reserve 895.1 772.5 623.7
Shareholder's Funds 981.6 859 710.1
+ Secured Loans 0 0 0
Non Convertible Debentures 0 0 0
Packing Credit Bank 0 0 0
Cash Credit Bank 0 0 0
Overdrafts Bank 0 0 0
Inter Corporate & Security Deposit 0 0 0
Term Loans Banks 0 0 0
Term Loans Institutions 0 0 0
Working Capital Loans Bank 0 0 0
Bridge Loan 0 0 0
Commercial Borrowings 0 0 0
Deferred Credit / Hire Purchase 0 0 0
Borrowings from Govt of India 0 0 0
Sales Tax Loan Govt 0 0 0
Short Term Loan 0 0 0
Secured Short Term Loans Institutions 0 0 0
Secured Short Term Loans banks 0 0 0
Secured Short Term Loans Others 0 0 0
Hire Purchase / Financial Lease 0 0 0
Vehicle loans 0 0 0
Other Secured 0 0 0
+ Unsecured Loans 614.2 613.8 339.2
Fixed Deposits Public 0 0 0
Loans and advances from subsidiaries 0 0 0
Inter Corporate Deposits 0 0 0
Foreign Currency Convertible Notes 0 0 0
Long Term Loan in Foreign Currency 0 0 0
Loans - Body Corporate 0 0 0
Security Deposits 0 0 0
Loans Banks 0 0 0
Loans Govt 0 0 0
Loans Others 0 0 0
Short Term Banks 0 0 0
Short Term Others 0 0 0
Un Secured Short Term Loans - Institutions 0 0 0
Commercial Paper 0 0 0
Deferred Tax Loan 0 0 0
Bills Discounted 0 0 0

Sharekhan ltd. |Corporate Internship Report 51


Interest Accrued and Due 0 0 0
Other Loans & Advances 0 0 0
Trade Deposits 0 0 0
Other Deposits 0 0 0
Other Unsecured Loan 614.2 613.8 339.2
Total Foreign Currecny Loans 0 0 0
Total Debts 614.2 613.8 339.2
Total Liabilities 1,595.80 1,472.80 1,049.30
APPLICATION OF FUNDS :
+ LOANS 0 0 0
Individuals 0 0 0
Corporate Bodies 0 0 0
Others 0 0 0
+ Gross Block 220.9 215.1 213.6
Goodwill 7.9 7.9 8.3
Freehold Land 0 0 0
Buildings 62.4 62.4 62.4
Roads, bridges and culverts 0 0 0
Plant& Machinery 17.2 16.3 0
Furniture & Fixtures & Office Appliances 9.7 9.7 10.1
Electrical installations & plants 0 0 0
Water System and Sanitation 0 0 0
Vehicles 0 0 0
Railway Tracks & Sidings 0 0 0
Locomotives and Wagons 0 0 0
Ships & Vessels 0 0 0
Aircrafts & Helicopters 0 0 0
Livestock 0 0 0
Leasehold Land 19.2 17.9 18
Computer Software 55.2 53.4 51.5
Technical know-how 0 0 0
Patents, trademarks and designs 0.2 0.2 0.2
Technology Licence Fees 0 0 0
Assets held for disposal 0 0 0
R&D Equipments 0 0 0
Wind power generators 0 0 0
Land Improvement 0 0 0
Land Improvement 0 0 0
Factory Equipments 0 0 0
Other Fixed Assets 0 0 17
+ Less: Accumulated Depreciation 148.5 136.5 124.3
Goodwill 7.9 7.8 8.2
Freehold Land 0 0 0
Buildings / Premises 19.8 16.9 14
Roads, bridges and culverts 0 0 0
Plant & Machinery 11.1 9.7 0

Sharekhan ltd. |Corporate Internship Report 52


Furniture & Fixtures & Office Appliances 6 5.2 4.6
Electrical installations & plants 0 0 0
Water System and Sanitation 0 0 0
Vehicles 0 0 0
Railway Tracks & Sidings 0 0 0
Locomotives and Wagons 0 0 0
Ships & Vessels 0 0 0
Aircrafts & Helicopters 0 0 0
Livestock 0 0 0
Leasehold Land 10.4 8.7 8.4
Computer Software 52.1 48.7 45.2
Technical know-how 0 0 0
Patents, trademarks and designs 0.2 0.2 0.2
Technology License Fees 0 0 0
Assets held for disposal 0 0 0
R&D Equipments 0 0 0
Wind power generators 0 0 0
Land Improvement 0 0 0
Factory Equipments 0 0 0
Land Improvement 0 0 0
Other Fixed Assets 0 0 7.9
Less: Impairment of Assets 0 0 0
+ Net Block 72.4 78.6 89.3
Goodwill 0 0.1 0.1
Freehold Land 0 0 0
Buildings / Premises 42.6 45.5 48.4
Roads, bridges and culverts 0 0 0
Plant & Machinery 6.1 6.6 0
Furniture & Fixtures & Office Appliances 3.7 4.5 5.5
Electrical installations & plants 0 0 0
Water System and Sanitation 0 0 0
Vehicles 0 0 0
Railway Tracks & Sidings 0 0 0
Locomotives and Wagons 0 0 0
Ships & Vessels 0 0 0
Aircrafts & Helicopters 0 0 0
Livestock 0 0 0
Leasehold Land 8.8 9.2 9.6
Computer Software 3.1 4.7 6.3
Technical know-how 0 0 0
Patents, trademarks and designs 0 0 0
Technology License Fees 0 0 0
Assets held for disposal 0 0 0
R&D Equipments 0 0 0
Wind power generators 0 0 0
Land Improvement 0 0 0

Sharekhan ltd. |Corporate Internship Report 53


Factory Equipments 0 0 0
Land Improvement 0 0 0
Other Fixed Assets 0 0 9.1
Lease Adjustment A/c 0 0 0
Capital Work in Progress 0.9 0.6 0.6
Pre-operative Expenses pending 0 0 0
Assets in transit 0 0 0
+ Investments 534.4 673 326.2
Long Term Investment 526.9 655.5 235.2
Quoted 0 5 15
Government and other Securities 0 0 0
Mutual Funds Units 0 5 15
Quoted Equity Shares 0 0 0
Quoted Preference Shares 0 0 0
Quoted Debentures / Bonds 0 0 0
Subsidiary Companies 0 0 0
Equity 0 0 0
Preference Shares 0 0 0
Debentures / Bonds / Fixed Deposits 0 0 0
Joint Venture & associated Companies 0 0 0
Other Long Term Quoted Investments 0 0 0
Unquoted 87.8 87.3 87.3
Government and other Securities 0 0 0
Mutual Funds Units 0 0 0
Unquoted Equity Shares 0.3 0.3 0.3
Unquoted Preference Shares 0 0 0
Unquoted Debentures / Bonds 0 0 0
Subsidiary Companies 87.5 87 87
Equity 87.5 87 87
Preference Shares 0 0 0
Debentures / Bonds / Fixed Deposits 0 0 0
Joint Venture & associated Companies 0 0 0
National Saving Certificates 0 0 0
Share Application Money Pending Allotment 0 0 0
Other Long Term Unquoted Investments 439.1 563.2 132.9
Currents Investments 7.5 17.5 91
Quoted 7.5 17.5 91
Government and other Securities 0 0 0
Treasury Bills 0 0 0
Mutual Funds Units 7.5 17.5 91
Quoted Equity Shares 0 0 0
Quoted Preference Shares 0 0 0
Quoted Debentures / Bonds 0 0 0
Other Current Quoted Investments 0 0 0
Unquoted 0 0 0
Government and other Securities 0 0 0

Sharekhan ltd. |Corporate Internship Report 54


Treasury Bills 0 0 0
Collateral Borrowing & Lending Obligation 0 0 0
Mutual Funds Units 0 0 0
Unquoted Equity Shares 0 0 0
Unquoted Preference Shares 0 0 0
Unquoted Debentures / Bonds 0 0 0
Other Current Unquoted Investments 0 0 0
Less: Prov for Diminution in Value of Invest. 0 0 0
Current Assets, Loans & Advances
+ Inventories 0.1 240.2 264
Raw Materials 0 0 0
Work-in Progress 0 0 0
Finished Goods 0 0 0
Packing Materials 0 0 0
Shares, Units, Bonds in hand 0 0 0
Stores and Spare 0 0 0
Consumable tools 0 0 0
Goods in transit 0 0 0
Goods in trade 0.1 240.2 264
Less: Advance received WIP 0 0 0
Excise duty on Finished goods 0 0 0
Other Inventory 0 0 0
+ Sundry Debtors 158.6 215.1 116.3
Debtors more than Six months 41.6 47.6 58.7
Considered good 16.9 20.6 28.8
Considered doubtful 24.7 27 29.9
Debtors Others 142.5 195.6 87.5
Considered good 141.7 194.5 87.5
Considered doubtful 0.8 1.1 0
Less : Provisions for Doubtful Debts 25.5 28.1 29.9
Hire Purchase Receivables 0 0 0
Considered good 0 0 0
Considered doubtful 0 0 0
Less : Provisions for Doubtful Receivables 0 0 0
+ Cash and Bank 1,343.00 498.5 444.3
Cash in hand 0.5 0.3 0.4
Balances at Bank 1,342.50 498.2 443.9
With Scheduled Banks 1,342.50 498.2 443.9
With Other Bank 0 0 0
Account with Post Office 0 0 0
Remittances in transit 0 0 0
Stamps,Cheques, Demand Drafts in hand 0 0 0
+ Other Current Assets 137.3 311.9 434.5
Interest accrued on Investments 4.4 6.2 0
Interest accrued on Debentures 0 0 0
Deposits with Government 0 0 0

Sharekhan ltd. |Corporate Internship Report 55


Interest accrued and or due on loans 0 0 0
Export Incentives receivables 0 0 0
Unbilled Revenues 0 0 0
Other Options and Contracts 0 0 0
Other Deposits 0 0 0
Bills receivables 0 0 0
Prepaid Expenses 3.5 3.8 0
Claim Received 0.5 0.5 0
Assets held for disposal 0 0 0
Other Current assets 128.9 301.4 434.5
+ Loans and Advances 118.8 101.3 86.2
Advances recoverable in cash or in kind or for
value to be received 0 0 0
To Employees 0 0 0
For Purchases 0 0 0
For Capital Expenditures 0 0 0
To Others 0 0 0
Advance income tax and tax deducted at source 111.9 49.5 0
Amounts due from directors 0 0 0
Due From Subsidiaries 0 0 2.4
Loans 2.4 1.6 1.6
To a subsidiary 0 0 0
To Employees 2.4 1.6 1.6
To Others 0 0 0
Balances with customs and excise authorities 0 0 0
Inter corporate deposits 0 0 0
Corporate Deposits 0 0 0
Securities Deposits 3.4 1.7 2.5
Sundry Deposits 0 0 0
Deferred Credit 0 0 0
MAT credit entitlement 0 0 0
Other Loans & Advances 1.1 48.5 79.7
Less: Advances considered doubtful 0 0 0
Total Current Assets 1,757.80 1,367.00 1,345.30
Less : Current Liabilities and Provisions
+ Current Liabilities 657.9 601 712.1
Sundry Creditors 583.1 512.3 553.4
For Expenses 0 0 0
For Purchases 583.1 512.3 553.4
For Capital Goods 0 0 0
Acceptances 0 0 0
Bank Overdraft / Short term credit 5.1 11.6 0
Unclaimed Dividend 0 0 0
Investor Education Protection Fund - Other 0 0 0
Unearned revenue / Advances received from
customers 0 0 0

Sharekhan ltd. |Corporate Internship Report 56


Interest Accrued But Not Due 0 0 0
Deposits from Customers 35.7 33.7 32
Deposits from Contractors 0 0 0
Advances against Contracts 1.8 2.8 2.6
Share Applicational Money 0 0 0
Due to Subsidiaries 0 0 0
Trade and Other deposits 0 0 0
Other Deposits 0 0 0
Statutory Liability 3.6 4.6 4.2
Other Liabilities 28.6 36 119.9
+ Provisions 124.5 58 13.6
Proposed Equity Dividend 0 0 0
Provision for Corporate Dividend Tax 0 0 0
Provision for Tax 120.3 55.6 9.4
Provision for Gratuity 3.2 1.3 3.2
Provision for post retirement bebefits / Pension 0 0 0
Provision for leave encashment 0.9 0.7 0.7
Provisions for contingencies 0 0 0
Provision for fringe Benefit tax 0 0 0
Other Provisions 0.1 0.4 0.3
Total Current Liabilities 782.4 659 725.7
Net Current Assets 975.4 708 619.6
+ Miscellaneous Expenses not written off 0 0 0
Preliminary Expenses 0 0 0
Research and development expenditure 0 0 0
Expenses on Isuue of Shares / Debentures 0 0 0
Discounts on Isuue of Shares / Debentures 0 0 0
Deffered Revenue Expediture 0 0 0
Pre-operative Expenses 0 0 0
Compensation on Voluntary Retirement 0 0 0
Interest paid out of capital during construction 0 0 0
Cost of Trial run Production 0 0 0
Other Miscellaneous Expenses 0 0 0
+ Deferred Tax Assets / Liabilities 12.7 12.6 13.6
Deferred Tax Assets 13 12.9 14.3
Sundry debtors 0 0 0
Provisions for expenses 0 0 0
Diminution in value of investment 0 0 0
Doubtful advances 10.1 10.8 11.3
Voluntary retirement scheme 2.6 1.8 2.5
Other current assets 0 0 0
Current liabilities 0 0 0
Carried forward loss 0 0 0
Unabsorbed depreciation 0 0 0
Accrued expenses deductible on payment 0 0 0
Other Deffered Assets 0.3 0.3 0.5

Sharekhan ltd. |Corporate Internship Report 57


Deferred Tax Liability 0.3 0.3 0.7
Depreciation 0.3 0.3 0.7
Miscellaneous Expenditure 0 0 0
Fixed Assets 0 0 0
Pre-Operative expenses Incl in CWIP 0 0 0
Prepaid lease rentals 0 0 0
Other Deffered Liabilities 0 0 0
Total Assets 1,595.80 1,472.80 1,049.30
+ Contingent Liabilities 1.5 1.5 5.9
Claims against the company not acknowledged as
debts 1.5 1.5 4.8
Liability for partly paid investments 0 0 0
Liabilities under Guarantees 0 0 0
Arreas of Dividend on Cummulative Prefernce
Shares 0 0 0
Liabilities on Bills receivables discounted but not
matured 0 0 0
Estimated Capital Contracts Remaining to be
executed 0 0 1.1
Other Contingents Liabilities 0 0 0

Sharekhan ltd. |Corporate Internship Report 58


Statement of Profit and loss Of Sharekhan Ltd.
(Rs in Cr) (Rs in Cr)
Particulars Mar 2016 Mar 2015 Mar 2014
No of Months 12 12 12
+ Operating Income 443.5 471 355.5
Sale of Shares / Units 0 0 0
Interest income 0 0 0
Interest on automobile Loans 0 0 0
Interest from housing loans 0 0 0
Interest on Consumer Loans 0 0 0
Interest on Other Loans 0 0 0
Interest on Securitisation 0 0 0
Interest on Deposits 42.5 55.8 0
Income from Investments & Merchant banking 0 0 0
Income from lending operations 0 0 0
Income from Other Financial Services 0 0 0
Interest on Bonds / Debentures 0 0 0
Interest on Trade Finance 0 0 0
Interest on Corporate Finance 0 0 0
Income from Bills Discounting 0 0 0
Other Interest income 32.5 29.6 0
Depository services 19.7 18.4 0
Portfolio management services 0.7 0.6 0
Income from Trading in Securities 0 0 0
Income from other investments 0 0 0
Consultancy & syndication fee 0 0 0
Income from underwritting commission 0 0 0
Surplus from deployment in Cash mgmt 0 0 0
Income from of Mutual Funds 0 0 0
Translation / Actual Exchange Gain 0 0 0
Dividend income 0 0 0
Lease Income / Rentals 0 0 0
Hire purchase / Financing Income 0 0 0
Brokerages & commissions 341.7 361.5 0
Processing fees and other charges 6.4 5.1 246.3
Other Operating Income 0 0 109.2
Net Sales 443.5 471 355.5
EXPENDITURE :
+ Increase/Decrease in Stock 0 0 0
Opening Balances
Shares, Units and Bonds 0 0 0
Other 0 0 0
Less : Closing Balances
Shares, Units and Bonds 0 0 0

Sharekhan ltd. |Corporate Internship Report 59


Other 0 0 0
+ Purchase of Shares / Units 0 0 0
Opening Shares / Units 0 0 0
Purchases Shares / Units 0 0 0
Closing Shares / Units 0 0 0
Other Direct Purchases / Brought in cost 0 0 0
Others 0 0 0
+ Employee Cost 112.22 108.24 86.7
Salaries, Wages & Bonus 109.12 103.54 90.9
Contributions to Employers Provident Fund &
Pension Funds 6.9 6.4 5.8
Workmen and Staff Welfare Expenses 3.7 3.7 3.2
Gratuity & Ex Gratia 2.5 2.6 0.6
Retrenchment Workers & voluntary retirement
scheme 0 0 -15.2
Leave Travel Allowance 0 0 0
Leave Encashment 0.6 0.8 0.2
Amortisation of deferred stock compensation cost 0 0 0
Other Employees Cost -10.6 -8.8 1.2
+ Operating & Establishment Expenses 68 67.6 33.2
Stampduty 0 0 0
Depository Charges 3.4 3.8 0
Stock exchange Membership and subscriptions 2.6 2.4 0
Security Transaction tax 0 0 0
Software & Technical expenses 5.2 4.6 10.6
Commission, Brokerage & Discounts 0 0 0
Rent,Rates & Taxes 13.7 13.5 13.6
Rent 12.9 13 13.3
Rates & Taxes 0 0 0
Others 0.8 0.5 0.3
Repairs & Maintenance 3.2 2.9 3.1
Building & Premises 2 2 1.9
Plant & Machinery 0.8 0.6 1
Others 0.4 0.3 0.2
Insurance 0.2 0.2 0.3
Elecricity & Power 5 4.8 5.6
Other operating Expenses 34.7 35.4 0
+ Administrations & Other Expenses 131.28 134.36 68.9
Printing, stationery 4.1 3.6 2.3
Professional and legal fees 93.5 97.6 49.4
Travelling and conveyance 4.6 4.9 2.7
Payment to Auditors 0.5 0.4 0.4
Advertising,Publicity & Business Promotions 11.3 9.2 4.2
Telephones,Postage and Communications 3.4 3.6 3.1
Sales / Service Tax/other income tax/Purchase Tax 0 0 0
Sharekhan ltd. |Corporate Internship Report 60
Directors' remuneration 7.38 8.66 6.4
Service Charges 0 0 0
Other General Expenses 6.5 6.4 0.4
+ Provisions and Contigencies 11.8 13.2 45.5
Provisions for contingencies 0 0 0
Provisons against NPAs 0 0 0
Provisions on Sub standard assets 0 0 0
Deferred Revenue Expenditure Written Off 0 0 0
Bad debts/advances written off 0 0 0
Provision for doubtful debts 1.8 0.4 3
Loss on disposal of fixed assets (net) 0 0 2.5
Loss on foreign exchange fluctuations 0 0.5 0
Loss on sale of non-trade current investments 0 0 0
Diminution in the value of Long Term Investments 0 0 0
Provisions & write off 0 0 0
Loss on Future and Options 0 0 0
Donations 0 0 0
Other Miscellaneous Expenses 10 12.3 40
Less: Pre-operative Expenses Capitalised 0 0 0
Total Expenditure 323.3 323.4 234.3
Operating Profit (Excl OI) 120.2 147.6 121.2
+ Other Income 84.6 94.1 19.3
Other Interest Income 17.5 17.4 4.5
Othe Commission 0 0 0
Discounts & Rebates 0 0 0
Profits on sale of FA 0 0 0
Income from investments 45 15 14.3
Lease / Rental Income 0 0 0
Grants from Government 0 0 0
Transfer from capital reserve / Capital grants 0 0 0
Bad debts recovered 0 0 0
Provision Written back 0 0 0
Provision for dimunition in value of investments 0 0 0
Fixed interest rate received on swap 0 0 0
Others 22.1 61.7 0.5
Operating Profit 204.8 241.7 140.5
+ Interest 4.1 10.8 6.7
Loans 0 0 0
Deposits 0 0 0
Bonds / Debentures 0 0 0
Others 0 0 0
Other Charges 0 0 0
Depreciation 15.3 16.4 16.9
Profit Before Taxation & Exceptional Items 185.4 214.5 116.9

Sharekhan ltd. |Corporate Internship Report 61


+ Exceptional Income / Expenses 0 0 0
Profit (Loss) on Sale of fixed assets 0 0 0
Profit (Loss) on Sale of Investments 0 0 0
Restructuring Cost / Reversal of provisions 0 0 0
Accidental Loss / Damages 0 0 0
Inventory Writt off 0 0 0
Other exceptional Expenses 0 0 0
Other exceptional Income 0 0 0
Profit Before Tax 185.4 214.5 116.9
+ Provision for Tax 64.8 62.3 33.1
Current Income Tax 64.8 69.6 32.9
Deferred Tax 0 0.9 -1.8
Fringe Benefit tax 0 0 0
Other Tax 0 -8.2 2
Profits After Tax 120.6 152.2 83.8
Adj to Profit After Tax 0 0 0
Profit Balance B/F 725.1 576.3 492.5
+ Appropriations 845.7 728.5 576.3
Transfer towards Reserve for Bad & Doubtful Debts 0 0 0
Transfer to Special Reserve created & maintained 0 0 0
General Reserve 0 0 0
Interim Dividend Equity 0 0 0
Proposed Equity Dividend 0 0 0
Preference Dividend 0 0 0
Corporate Dividend Tax 0 0 0
Statutory Reserve 0 0 0
Other Appropriation 0 3.4 0
Profit & Loss Balance C/F 845.7 725.1 576.3
Equity Dividend % 0 0 0
Earnings Per Share 33.97 43.12 23.74
Book Value 262.14 228.84 186.69

Sharekhan ltd. |Corporate Internship Report 62


Cash Flow Statement of Sharekhan Ltd.
(Rs in Cr) (Rs in Cr) (Rs in Cr)
Particulars Mar 2016 Mar 2015 Mar 2014
No of Months 12 12 12
Profit Before Tax 185.4 214.5 116.9
+ Adjustment -44.8 -7.8 8.6
Depreciation 15.3 16.5 16.9
Interest Expeses 0 3.9 3.1
Profit/ + Loss on sale of Fixed Assets -0.1 0.5 2.5
Profit/ + Loss on sale of Investments -44.9 -10.1 -1.2
Dividend Received -0.1 -4.8 -13.1
Interest Income -16.8 -17.4 -4.2
Diminution in the value / Write off of Investments 0 0 -0.8
Transferred from Revaluation Reserve 0 0 0
Effect of Exchange Rate Change 0 0 0.1
Net Prior Year Adjustments 0 0 0
Provision & Written Off 0 0 0
Other Adjustments 0 3.2 1
-
+ Changes In working Capital 602.1 25.6 33,949.70
Trade & Other receivables 55.2 -99.3 70.6
Inventories 240.1 20.6 1.4
-
Loans & Advances 182.9 135.9 34,154.70
Investments 0 0 0
Trade & Other payables 123.9 -31.6 133
Other 0 0 0
-
+ Cash Flow after changes in Working Capital 742.7 232.3 33,824.20
Interest Paid 0 0 0
Tax Paid -62.6 -76.6 -32.5
Other Direct Expenses paid 0 0 0
-
Cash From Operating Activities 680.1 155.7 33,856.70
+ Cash Flow from Investing Activities 146.9 -35.8 33,474.80
Purchase of Fixed Assets -9.5 -10.2 -11.7
Sale of Fixed Assets 0.3 0.5 0.3
Profit/Loss on sale of Fixed Assets 0 0 0
Profit/Loss on sale of Investments 0 0 0
Purchase of Investment ######## -5,914.50 -7,945.60
Sale of Investments 12,417.30 6,008.10 7,862.80
Dividend Income 0.1 4.8 13.1
Interest Income 16.8 17.4 4.2
Increase/ Decrease in Loans 79.7 -141.9 33,547.00
Other Investment Activities 0 0 4.7

Sharekhan ltd. |Corporate Internship Report 63


+ Cash from Financing Activites 2 -92.8 86.4
Increase / (Decrease) in Loan Funds 0 0 89.1
Proceeds from Long Term Borrowings 0 0 0
Repayment of Long Term Borrowings 0 0 0
Proceeds from Debenture / Bonds 0 0 0
Repayment of Debenture / Bonds 0 0 0
Short Term Loans 0 -89.1 0
Increase / (Decrease) in Preference Capital 0 0 0
Proceeds from Prefernce Shares Capital 0 0 0
Redemtion of Prefernce Shares Capital 0 0 0
Proceeds from Shares Warrants 0 0 0
Proceeds from Issue of Equity Share Capital 2 0.2 0.4
Buy Back of Equity Shares Capital 0 0 0
Equity Dividend Paid 0 0 0
Preference Dividend 0 0 0
Interest Paid 0 -3.9 -3.1
Other Financial Activities 0 0 0
Net Cash Inflow / Outflow 829 27.1 -295.5
Opening Cash & Cash Equivalents 48.6 21.5 317.1
Cash & Cash Equivalent on Amalgamation / Take
over / Merger 0 0 0
Cash & Cash Equivalent of Subsidiaries under
liquidations 0 0 0
Translation adjustment on reserves / op cash
balalces frgn subsidiaries 0 0 0
Effect of Foreign Exchange Fluctuations 0 0 -0.1
Closing Cash & Cash Equivalent 877.6 48.6 21.5

Sharekhan ltd. |Corporate Internship Report 64


HDFC Securities
Balance Sheet for the Year 2015-16

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Balance Sheet for the year 2014-2015

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Statements of Profit & loss for the year 2015-2016

Sharekhan ltd. |Corporate Internship Report 67


Statement of Profit & Loss for the year 2014-2015

Sharekhan ltd. |Corporate Internship Report 68


Cash Flow Statement for the year 2015-2016

Sharekhan ltd. |Corporate Internship Report 69


Sharekhan ltd. |Corporate Internship Report 70
Cash Flow Statement for the year 2014-2015

Sharekhan ltd. |Corporate Internship Report 71


RERFERENCES

http://www.sharekhan.com/welcome/default.html

http://www.sharekhan.com/stock-market/HomePage.aspx

https://www.google.co.in

http://content.icicidirect.com

http://www.religareonline.com

http://securities.indiabulls.com

https://www.hdfcsec.com
http://www.bseindia.com
https://www.nseindia.com

http://www.kotaksecurities.com

Sharekhan ltd. |Corporate Internship Report 72

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