Comparision of Financial Reports

In: Business and Management

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INTRODUCTION TO THE COMPANIES CHOSEN

* Hero Motocorp:
Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest manufacturer of two - wheelers, based in India. It got separated from Hero Honda in the year 2010.In 2001, the company achieved the coveted position of being the largest two-wheeler manufacturing company in India and also, the 'World No.1' two-wheeler company in terms of unit volume sales in a calendar year. Hero MotoCorp Ltd. continues to maintain this position till date.
The Board of Directors of Hero Motocorp are Mr. Brijmohan lall Munjal (Chairman), Mr. Pawan Munjal (Managing Director and C.E.O), Mr. Sunil Kant Munjal (Jt. Managing director), Mr. Sumankant Munjal (Non-Executive director) and Mr. Pradeep Dinodia (Non-Executive and Independent Director).

* HUL (Hindustan Unilever Limited):
In 1931, Unilever set up its first Indian subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India Limited (1933) and United Traders Limited (1935). These three companies merged to form HUL in November 1956; HUL offered 10% of its equity to the Indian public, being the first among the foreign subsidiaries to do so. Unilever now holds 52.10% equity in the company. The rest of the shareholding is distributed among about 360,675 individual shareholders and financial institutions.
The Board of Directors of HUL are Mr. Harish Manwani (Chairman), Mr. Nithin Paranjpe (C.E.O & Managing Director), Mr. R. Sridhar (C.F.O), Mr. Pradeep Banerjee (Executive Director), Mr. O.P. Bhatt (Independent director), Mr. Aditya Narayan and Mr. S. Ramadoriai as Independent directors.


IMPORTANCE AND LIMITATIONS OF FINANCIAL STATEMENTS

IMPORTANCE OF FINANCIAL STATEMENTS

Financial statements show the effect of past transactions and events. It also shows how a company is doing. This is necessary as…...

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