Format of Synopsis for Dissertation

Dated: April 10, 2007
To

The Director,
UCDL,
CDLU, Sirsa

Subject: Progress of Research Work for M. Phil. Dissertation

Sir,

With reference to your communication, a detailed progress report regarding the M. Phil. is enclosed herewith as follows:
i) Dissertation Topic: Financial Performance of Haryana State Co-operative Supply and Marketing Federation Limited – An Evaluation.
ii) Name and self-attested Bio-Data of the Supervisor: Dr. Surinder Singh Kundu (Bio-Data attached, pp. 2-5.
iii) A brief Synopsis on the Dissertation Topic: Attached, pp. 6-10.
iv) Library being consulted for literature review:
Guru Jambheshwar University of Science and Technology, Hisar (Haryana), M. D. University, Rohtak, Kurukshetra University, Kurukshetra and Delhi University, Delhi.

Please find it and oblige.
Thanking you.

Faithfully yours,

Jitender Kumar Batra
Ref. No. 2006UCDLM.Com-14028
BIO-DATA

1. Name: DR. SURINDER SINGH KUNDU

2. Present Designation: Lecturer,
Department of Commerce,
Chaudhary Devi Lal University, Sirsa
Haryana-125055 (INDIA)

3. Date of Birth: November 21, 1974.

4. Educational Qualification: M. Com., M. Phil., UGC-NET, Ph. D.
5. Teaching Experience: Seven Years.
6. Areas of specialisation and research interest: Marketing Management.
7. Membership of any Body/Committee/Cell:

(I) Member, Faculty of Commerce and Management, CDL University, Sirsa (Haryana),
(II) Member, Post-Graduate Board of Studies, Department of Commerce, CDL University, Sirsa (Haryana),
(III) Member, Departmental Research Committee, Department of Commerce, CDL University, Sirsa (Haryana).
(IV) Member, Cultural Committee, CDL University, Sirsa (Haryana), and
(V) Ex-Member, Training and Placement Cell, CDL University, Sirsa (Haryana).

8. Conference(s)/Workshop(s)/Seminar(s)/Course(s) attended; Paper(s) presented/Paper(s) Published/Communicated and Book Published:

(I) International Conferences (01),

5th International Conference on “Learning Beyond Borders in WTO Regime”, and Inaugural Conference of Academy for Global Business Advancement (AGBA), Texas A&M University at Commerce, Texas, USA on Advancing “Knowledge Development in Global Business and Global Entrepreneurship”, January 7-9, 2004;

Paper presented: “Indian Cotton Textile Industry: The Feat of Fairy-Tale in WTO Regime”, Co-author: Dr. Karam Pal Singh;

(II) National Conferences (02),

§ National Conference on “Management in 21st Century”, Department of Management Studies, Jan Nayak Ch. Devi Lal College of Engineering, Sirsa, (Haryana), March 12, 2005;
Paper presented: “Indian Banking Industry to An Electronic World and its Regulatory Framework”, Co-author(s): Mr. Jaspal Malik and Mr. Sanjeet Kumar.
Abstract Published: Souvenir, p. 22.

§ National Conference on “Opportunities & Challenges for India Inc. vis-à-vis Indian Markets”, KAIM, Charkhi Dadri, (Haryana), April 28, 2004;
Paper presented: “Potential of Rural Marketing through E-Commerce and M-Commerce: A Synoptic Viewpoint”, Co-author(s): Dr. Karam Pal Singh and Dr. Vinod Kumar Bishnoi.

(III) National Workshops (03),

§ National Workshop on “Consultancy Development: Some Strategic Issues”, Department of Business Management, Guru Jambheshwar University, Hisar (Haryana) in technical collaboration with NITCON, Chandigarh, March 17, 2006;
§ National Workshop on “Intellectual Property Rights: Awareness, Legal and Contemporary Challenges in WTO Regime”, Department of Business Management, Guru Jambheshwar University, Hisar (Haryana), November 5-6, 2004;

§ National Workshop on “Financial Derivatives and Paperless Trading” held in the Department of Business Management, Guru Jambheshwar University, Hisar (Haryana), September 3-4, 2002.

(IV) National Seminars (08),

§ National Seminar on “Efficacy of Rural Institutional Finance in North-Western States of India”, Department of Business Economics, Guru Jambheshwar University, Hisar (Haryana), March 04, 2006;
Paper presented: “Issues in Rural Financial Market of India: A Conceptual Study”.
§ National Seminar on “Managing India Inc.: Balancing of Opportunities and Threats for Sustainable Growth”, Department of Commerce, Kurukshetra University, Kurukshetra (Haryana), April 21, 2005;
Paper presented: “Strategic Dimensions of Green Marketing”, Co-author: Dr. Narendra Singh.
§ National Seminar on “Management of Financial Services”, Department of Business Management, Guru Jambheshwar University, Hisar (Haryana), March 19, 2005;
Papers presented: (i) “Impact of IT on Financial Services Organisation”, (ii) “Relationship Marketing: A Strategy for Small Businesses”; Co-author: Mr. Anil Kumar.
§ National Seminar on “Changing Paradigm in Management for a Better Tomorrow”, Amity Business School, Manesar (Gurgaon)-Haryana, March 6-7, 2005.
Paper presented: “India’s Banking and Financial Sector to A Globalised World”; Co-author (s): Dr. M. C. Garg and Dr. Karam Pal Singh.
§ National Seminar on “Issues and Challenges in Contemporary Management”, Department of Commerce, Kurukshetra University, Kurukshetra (Haryana), April 29-30, 2004;
Paper presented: “Invisible Hand in terms of E & M Technologies: A Conceptual Study”, Co-author: Dr. Narendra Singh.
§ National Seminar on “Managerial Issues in the Seamless Economy”, Department of Business Management, Guru Jambheshwar University, Hisar (Haryana), February 27-28, 2004;
Papers presented: “Problems before Indian Retailers-A Survey based Analysis”, Co-author: Dr. Harbhajan Bansal; and “The Current Landscape of BPO in India”, Co-author: Ms. Shikha Kakkar.
§ National Seminar on “Emerging Trends in Financial Services and International Business”, Department of Business Management, Guru Jambheshwar University, Hisar (Haryana), March 24-25, 2003;
Paper presented: “The Corona of Competitiveness and India”;
§ National Seminar on “Problems and Prospects of Small Scale Industries in North-Western India”, Department of Business Economics, Guru Jambheshwar University, Hisar (Haryana), March 8-9, 2003;
Paper presented: “Industrial Slowdown and Small Scale Sector”.

(V) Papers Published (05),

§ Singh, Narendra and Surinder S. Kundu (2005), “An Analysis of the Competitive Dimensions of Indian Cotton Textile Industry ”, Foreign Trade Review-Quarterly Journal of Indian Institute of Foreign Trade, Vol. XL, No. 2, April-June, pp.70-86.
§ Singh, Narendra and Surinder Singh (2005), “Competitiveness of Indian Cotton Textile Industry in Global Textile Market- A Perceptual Analysis”, The Indian Journal of Commerce- Quarterly Publication of The Indian Commerce Association, Vol. 58, No. 1, January- March, pp.43-55.

§ Singh, Karam Pal and Surinder S. Kundu (2005), “International Competitiveness Vis-à-vis Indian Cotton Textile Industry in Post-MFA Regime”, The Indian Journal of Commerce- Quarterly Publication of The Indian Commerce Association, Vol. 58, No. 1, January- March, pp.56-76.
§ Singh, Karam Pal and Surinder S. Kundu (2004), “Indian Cotton Textile Industry: The Feat of Fairy-Tale in WTO Regime”, Delhi Business Review-An International Journal of Society for Human Transformation and Research, Vol. 5, No. 2, July-December, pp. 93-109.
§ Kundu, Surinder Singh (2004), “The Corona of Competitiveness and India”, In Turan, M.S. and S.C. Kundu, “Emerging Trends in International Business and Financial Services” (edited), New Delhi: Excel Books, pp. 227-239.

(VI) Orientation Course (01)
Attended 4-Weeks Orientation Course from May 24, 2006 to June 20, 2006 at UGC-Academic Staff College, Kurukshetra University Kurukshetra and obtained a certificate with “A” grade.
Paper Presented: “Consumer Rights”
(VII) Book Published (01),
Kundu, Surinder Singh (2007), “Market Competitiveness in New World Trade Order” Regal Publications, New Delhi.
9. Presently, supervising 15 students of M. Phil. (Commerce) and (Management), Chaudhary Devi Lal University, Sirsa.
10. More than 50 lessons have been prepared as study material for MBA and M. Com. Programmes of Directorate, Distance Education, Guru Jambheshwar University, Hisar, (Haryana)-125001.
11. One Unit in Global Marketing Management and One Unit in Industrial Marketing subjects have been prepared as study material for MBA programme of Directorate of Distance Education, Pondichery University, Pondichery.
12. More than 15 projects of the students of Department of Business Management, Guru Jambheshwar University, Hisar, (Haryana)-125001, have been supervised.
13. Address for Correspondence: H. No. - 288, Sector-20, Sirsa, Haryana-125001.
Weblog: www.drkundu.blogspot.com


(SURINDER SINGH KUNDU)

A

Synopsis

for
M. Phil (Commerce)

on


Financial Performance of Haryana State Co-operative Supply and Marketing Federation Limited – An Evaluation


Supervisor Submitted By:
Dr. S. S Kundu Mr. Jitender Kumar
Lecturer Ref. No. UCDLM.Com-14028
Department of Commerce



University Centre for Distance Learning
Chaudhary Devi Lal University Sirsa ( Haryana)
Introduction:
As Apex organization Hafed came into existence from 1st November 1966 with the formation of state of Haryana, Initially, it mainly undertook procurement and distribution of fertilizers through the network of primary cooperation societies called as Mini Banks. Thereafter, Hafed activities diversified into foodgrain procurement, warehousing, cold storage, agro-processing and marketing of branded consumer products etc. Hafed has contributed a lot to uplift the social and economic status of farmers and poor people of rural India
Now, Hafed has increased its business manifold and has become a giant organization. Indeed, it is looking after the farmers at all levels. It is also engaged in the service of consumer by providing them quality products at reasonable price. With an annual business turnover exceeding Rs. 3095 Crores, This organization has approximately 1600 employees on its rolls working with in the parameters of a well-defined management plan to achieve predetermined objective that are pragmatic and consumer satisfying. The mission is to play a leading role in serving the economic interests of the farmers of the state by providing and viable and efficient support.
Review of Literature:
A large number of empirical tests have been carried in western countries to exam in the financial health of the enterprise. Patrick (1932) has examined the significance difference in the trend of various ratios, for failed and non failed firms at least three years prior to failure. Other realer researcher who made use of financial ratios includes Winkers and Smith (1935) and Beaver (1966).Beaver (1966) used changes in the market prices of the stock to predict failure. Financial ratio and market price changes will not be viewed to mutually exclusive or competing predictors of failures. So and attempt will be made to explore the degree of association between the two predictors i.e., between financial ratios and market prices. The result of such research would provide greater inside into predicting investors behavior an ultimately into improving there forecasting and decision making ability. Beaver was the first to use univariate discriminate test. He found that various financial ratios cold be useful predictors of failures even five years before the event. Another researcher Altman (1968) using, Z score model reported a very high accuracy rate in predicting failure one year in advance.
A large number of studies have tested bankruptcy prediction models based on multiple linear regressions, which provided evidence in favour of the usefulness of such models. Altman carried out the pioneering work on bankruptcy by improving upon convention ratio analysis and combining several ratios into a single index Z-score, model. Later on, many predictions models were attempted as an alternative to Altman’s model. These include Deakin (1972) Edminister (1977) Olhson (1979) and Casey and Bartczak (1985) Eisenbsis (1977) and Hand (1981) Keldale (1980).
In Indian context a few attempts have been made during 80’s to predict the performance of public sector enterprises. Gupta (1983) made a comprehensive attempt by testing 56 ratios in two independent test samples, textiles and non-textiles. He found that the predictive power of traditional liquidity ratio, for example showed an average classification error almost three times grater than profitability ratios incase of textiles companies. This ratio could be attributed to window dressing and non disclosure of some liability items. Operating cash flow to sales ratios turned out to be more important in this study. Kaveri and Singh (1976) confined their study to small scale units and picked five ratios as most significant. Their model correctly classified 76 percent of the total sample. On the other hand, Srivastva and Yadav (1986) in a comprehensive study picked for ratios as the more significant and there model correctly classified 95 percent of the total sample for first year prior to sickness.
Ritu (2002) made a comprehensive attempt on assessing the financial health of public sector units in India by applying namely the Altman’s Z score model. The sample selected includes 24 public limited companies and data collected during the period of 10 years. She found that some industries are in too health zone some in healthy zone some in bankruptcy and keeping in view the public sector units which would be designated as bankrupt and certain to fail thus need to be privatised.
R. A. Yadav and S.S Srivastva used for financial ratios to predict the performance of PSU, s. Main finding of the studies done by them were: profitability were superior in predicting sickness, cash flow to total tangible assets ratio possessed highest predictive power followed by earning before interest and taxes to total tangible asset ratio, turnover ratio shoed somewhat inferior results than the profitability ratios, predictive accurate of all the solvency and liquidity ratios was much less that that of profitability and turnover ratios, among the solvency and liquidity ratios were more reliable predictor, companies with heavy debt and in adequate equity base were more prone to sickness.
Research Methodology:
The present study will be of descriptive in nature. It may provide an insight about the present marketing strategies of the Hafed.
Statement of Problem:
The problem in question is to evaluate the financial performance of Haryana State Co-operative Supply and Marketing Federation Limited (Hafed).
Objective of the Study:
i) The analyse the short-term financial soundness of the Hafed
ii) To analyse the long –term financial soundness of the Hafed.
iii) To analyse the profitability of Hafed.
iv) To suggest the policy-matters for the further of Hafed.
Hypotheses:
i) There is an increasing trend in the short –term financial soundness of the Hafed.
ii) There is an increasing trend in the long term financial soundness of the Hafed.
iii) There is an increasing trend in the profitability of Hafed.
Scope of the Study:
The study will cover the functioning of Hafed in Haryana as a whole from 2001 to 2006.
Data Collection:
The study will be based upon secondary data. The data will be collected from different books, articles, journals, newspapers, annual reports and various supplements of the organization.
Analyses and Interpretation
After collection of data through various sources, different techniques have been used for the analysis of data. A set of simple techniques of statistical analysis such as average, weighted mean, percentage, cumulative percentage, annual compound growth rate and ranking has been used. Wherever appropriate, chi-square test may be used to check the reliability of the results. Furthermore, graphical presentation may be done for its easy grasping. Most of them will be obtained with the help of the computerized packages SPSS (7.5 and 10.0 versions); and Microsoft Excel. Interpretation of data will be based on rigorous exercise aiming at the achievement of the objectives of the study and findings of the existing studies.
Chapter Scheme;
1. Introduction.
2. Review of literature.
3. Research Methodology.
4. Empirical Analysis of Hafed.
5. Conclusion and Suggestions.

Bibliography:

Casey, C. and Bartczak,N., (1985), “Using Operating Cash Flow Data to predict Financial Distress: Some Extensions”, Journal of Accounting Research, Vol. 23. pp. 21-25.