A

Summer Training Report

On

"Analyzing the financial risk of Centre For Development of Advance Computing with
the help of fundamental indicators using Altman Z Score model on the basis of last five
financial Years ending March 31st,2013 to March 31st,2017 ”

Kurukshetra University, Kurukshetra

In the partial fulfillment of the Degree of Master of Business Administration

MBA 3rd Semester (Session 2017-19)

Under the Guidance of:Submitted by:

Mrs. GinniSyalNidhiGarg
Assistant Professor D/o Mr. RakeshGarg
Dept. Of Management Class Roll No.- 1711016
TIMT Univ. Reg.- 14-MY-803
Univ. Roll No……….

Tilak Raj Chadha Institute of Management &Technology

(Affiliated to Kurukshetra University, Kurukshetra& Approved By AICTE)

M.L.N. College Educational Complex, Yamuna Nagar- 135001 (Haryana)

Ph. 01732-220103, 234010, 234110. Fax: +91-1732-234110

E-mail: info@timt.ac.in, Web Site: www.timt.ac.in

 DECLARATION

I Nidhi Garg student of MBA (Final), Tilak Raj Chadhha Institute of

Management &Technology, hereby declare that the Training Report on "Analyzing the
financial risk of Centre For Development of Advance Computing with the help of
fundamental indicators using Altman Z Score model on the basis of last five financial
Years ending March 31st, 2013 to March 31st, 2017 ”, includes the original work conducted
by me and data provided in the study is authentic to the best knowledge.

This report is not submitted to any other Institute or University for award or Degree of MBA.

(Nidhi Garg)
 ACKNOWLEDGEMENT

Researcher is extremely thankful to Mrs. Shikha Gupta(Senior finance officer, Finance

department, of Centre for development of advance computing)for her valuable guidance. This
project bears the imprint of Managers/Officers of the A/c’s & Finance department.
Researcher shall remiss in her duty if she does not thank them.

Researcher is sincerely thankful to Dr. Vikas Daryal (Director, of Tilak Raj Chadha Institute
of Management & Technology) & Dr. Vandana Madaan (H.O.D of Tilak Raj Chadha
Institute of Management & Technology), who gave such an opportunity to work in business
environment to the students of MBA (Final).

Researcher would also like to thanks Ms. Ginni Syal (Assistant professor) for giving her
support and guidance that helped throughout preparing this report. She has also provided
valuable suggestions and excellence guidance about this training, which proved very helpful
to utilize my theoretical knowledge in practical field.

At last Researcher is also thankful to her friends, to all known and unknown individuals who
have given their constructive advise, educative suggestion, encouragement, co-operation and
motivation to prepare this report.
 EXECUTIVE SUMMARY

The intended research on "Analyzing the financial risk of Centre For Development of
Advance Computing with the help of fundamental indicators using Altman Z Score
model on the basis of last five financial Years ending March 31st, 2013 to March 31st,
2017 ”

The prime objective of study was to find out the effect of fundamental indicators on corporate
financial risk. The researcher had used different analytical and statistical tools in order to find
the result to justify the research.

Researcher had taken 6 variables in the study one of which are the dependent and rest Five
are independent variables. Dependent variable is financial risk (debt equity ratio).
Independent variable is fundamental indicators using altmanz score model which contains 5
variables. Independent variables are asset turnover ratio, market value of equity to total
liabilities, return on assets, retained earnings to total assets, working capital to total assets.
Researcher had used ratio analysis and descriptive to check the summary and trend of data.
Further correlation and regression also has been applied to find out the relation between the
variables. There is moderate degree of positive relation between return on assets, market
value of equity to total liabilities and financial risk (debt equity ratio). Low degree of positive
correlation between return on total assets and financial risk (debt equity ratio). Moderate
degree of negative correlation between working capital to total asset, assets turnover ratio and
financial risk (debt equity ratio)

The first part of the report is about the History of Centre for Development of Advance
Computing that is being undertaken for study. The second part presents an overview of
Objective of the Study and Literature Review. The third part consists of Research
Methodology which includes Sampling, Data Collection, Statistical and Analytical tool and
the Limitations of the study. And the last part covers the Interpretation of the findings and
Recommendations along with Bibliography and Annexure.
 CONTENTS

Particulars Page No.

1. Introduction
a) Industry Profile
b) Company Profile
c) Introduction to Topic
2. Theoretical framework
a) Constructs
b) Independent and Dependent variables
3. Literature Review
4. Research objectives
5. Research Methodology
a) Research design
1. Type of research investigation
2. Time Horizon
3. Study Setting
4. Flowchart for selection of statistical tools
b) Sample and Sampling Design
c) Data Collection
d) Analytical Tools
e) Statistical Tools
6. Results & Findings
7. Limitations of the Study
8. Recommendations
9. Bibliography
10. Annexure
a) Annexure I-Source of Data
b) Annexure II-Descriptive Statistics
c) Annexure III-Correlation
d) Annexure IV-Regression Analysis
e) Annexure VI- Snapshots