The Comsoc Team

The group working tirelessly to make sure each event is both flawless and fabulous.

The Biz Quiz Savant

Snapshot from this session's first event- a business quiz like no other.

The Guiding Hand

Our staff and teachers, the reason we are what we are today.

Freshers Dhoom

(Left to right) Mr. Well dressed, Ms. Fresher, Mr. Fresher, and Ms. Well dressed.

Seminar on Leadership

A leader is one who knows the way, goes the way, and shows the way.

Wednesday, September 24, 2014

(Registrations Open) Seminar: Basics of Investment Banking - 26th September

Attention IInd and IIIrd year students! 
Department of Commerce, Hans Raj College organizes a seminar on "Basics of Investment Banking" which will be addressed by Dr. Jyoti Ahluwalia, Faculty for Finance at IBS Gurgaon (ICFAI Business School). Entry by registration only (order of registrations to be considered for prioritized entry)

Date: 26th September 2014
Venue: Seminar Room
Time: 12:20 onwards
To register follow the link: Registration Form
You can also log on to to register!
Register fast! Limited Seats.
For queries contact:
Iresh Gupta: +919654455654
Madhav Bansal: +918860818018

Monday, September 1, 2014

Registrations Open for 'The Stock Guru'

Department of Commerce, Hans Raj College organizes The Stock Guru!
Date - 3rd September 2014 i.e Wednesday
Venue - NR-2, Top Floor
Time: 01:30 PM onwards

Competition open for BCOM(H) Ist year students. Registration in teams of two.
Don't know about Mock Stock? Participate to learn. No prior knowledge of Mock Stock required. You will be trained!

Click here to register. Be there on Wednesday to experience your first stock market of your college life!

For queries contact:
Waras Singh 9999558908
Rishabh Khandelwal 8587005611

Saturday, August 9, 2014

Commerce Society Applications Closed!

Application process closed.

Commerce Society, Hans Raj College called out applications for different positions in the Society.

Applications were invited for following posts in Commerce Society.

Overall In-charge of  The Commerce Society
Vice President
In-charge of Sub-Teams and Overall Co-ordinator

General Secretary
Manage coordination of the different teams and ensure smooth functioning of the overall society

Overseeing mobilization of sponsorships
Responsible for maintaining detailed account of society funds
Ensuring bills/ receipts are maintained during events
Joint Secretary
Linking pin of the society, ensures optimum performance of the first and second year society members.
Tech Team                                     

  • Managing Technical Arrangements for all Commerce Society Event
  • Managing department website
  • Handling the graphics and technical requirements of a particular event
  • Arranging music and managing sound facilities during events
  • No special Photoshop/web-designing skills necessary.
(Technical support is provided by college, members will have to coordinate and manage)
Member Creative Team

  • Managing Decoration, Prizes and Mementos
  •  Decoration of the Venue during the events
  • Stage Decoration
  • Arranging prizes, gifts, mementos
  • Designing Posters and banners
Member Cultural Team
Managing Core Events
  • Planning and Co-ordinating cultural and other performances for Freshers, Fest and Farewell
  • Mobilizing talent within the department
  • Planning  events to be conducted for Departmental Fest
Event Management Team
Managing Events
  • Ensuring smooth logistics during an event – booking of venue, seating, discipline, winding up
  • Securing Quality refreshments for the events
  • Ensuring  timely and smooth distribution of refreshments
  • Managing Seating Arrangement

The application process is over. The shortlisted candidates will be called for the personal interview on 19-21st August.
Check our facebook page for more updates.

Applications Closed For The Editorial Board

Application process closed. Shotlisted candidates will be called for the interview. Check our facebook page for more updates.

Commerce Society, Hans Raj College called out applications for the following posts in The Editorial Board of Annual Commerce Society Magazine, 'De Facto' for the year of 2014-15

Responsible for the annual theme of the magazine
Responsible for focus and format of the magazine
Reviewing submissions from students 
Assistant Editor
Responsible for timely publishing and distribution of the magazine
Arranging the launch of the magazine
Copy Editor
Fact checking articles
Correcting articles for grammar, spelling, punctuation and style
Work for article headlines, captions and  photographs 
Responsible for collecting and formatting articles
Assisting in publishing and distribution

Wednesday, May 14, 2014

Professional Certification Programs – Financial Planning & Wealth Manegemnt

 ICICIdirect Centre for Financial Learning is an educational initiative of ICICI Securities Ltd. It is one of the leading providers of education on Capital Markets, Financial Planning and Wealth Management. We are an Authorized Education Partner ofFinancial Planning Corporation of India (FPCIL) to offer CERTIFIED FINANCIAL PLANNERCM certification (CFPCM). We are also an Authorized Education Partner of American Academy of Financial Management India (AAFM India) to offer Chartered Wealth ManagerTM (CWMTM) certification. We have taken these initiatives to enhance the skills of professionals and to make them excel in the financial services industry.
More than 50,000 students and investors have acquired practical knowledge through the programmes till date.  Students of Premier Colleges of India such as FMS, IIFT, MDI, IIT-K, XIMB, IIM Rohtak, IIM Shillong, IMT Ghaziabad, SRCC D.U. and many more are testimony to the standards of our training programmes.

Academic Benefits
  • Learning from the Industry Practitioners- Strengthening of curriculum by adding practical knowledge from ICICI Securities, which has 10+ years of domain expertise in Financial Planning, Wealth Management and Capital Markets
  • Industry Experts as Faculty
  • Highly researched study material having real market cases and illustrations
  • Simulation to on-line trading and access to live markets
Programme No. 1 : CFPCM certification
Certified Financial PlannerCM certification programme makes one competent to provide strategic advice in regard to investment, insurance, tax, retirement & estate needs and enables you to plan and fulfill such needs.
CFPCM certification Credentials
  • Preference: Supported, recognized and promoted by 50 Charter Members, who are amongst some of the best companies in BFSI Sector
  • Job Rating: Rated as “One of the best Jobs” by U.S. News and World Report, 2012
  • Global Recognition: Recognized certification in 24 countries
Duration: 150+ hours of Core Practical Learning
Programme No: 2 CWM® certification
Chartered Wealth Manager® certification is a global Wealth Management certification in available in India through us. This certification is unique in nature and comprehensively deals with all the aspects of wealth management like Investment Strategies, Life Cycle Management, Intergenerational Wealth Transfer, Relationship Management, Behavioral Finance, Alternative Products, Real Estate Valuation and Global Taxation.
CWM® Credentials
  1. Global Certification & Recognition
  • CWM® Certification is awarded directly by AAFM® US, International Boards of Standards and financial professional organization
  • The certification is accepted globally without any territorial limitations
  • CWM® certification is recognized by top companies around the world that includes Banks, Securities & Exchange Commission of the USA
  • Recognized by AACSB & AABSP - Top 2 Govt. Recognized Accreditation Agencies Worldwide
  • AAFM works with over 800 Business Schools Worldwide
  • CWM® members in 151+ countries
Duration: 120+ hours of Core Practical Learning   
Batch Starting date: 1st Jun, 14 , 3rd Jun, 14 and 8th Jun, 14
Contact: Mr. Siddhant Dua, ICFL, Jhandewalan, Delhi on # 8588855953

Friday, February 28, 2014

Article - Wockhardt Ltd. : Story of ups and downs

It is fascinating to read success stories of companies which grow and become very large companies in a short period of time. While these companies certainly have a potential to grow even further, at times this speed of growth becomes unmanageable and leads to their downfall. 

Wockhardt Ltd. is a peculiar case. It was founded by Dr. Habil Khorakiwala in early 1960’s and was incorporated in 1999 as Wockhardt Ltd. The company is a pharmaceutical and biotechnology company headquartered in Mumbai, India. The company has 12 manufacturing plants spread across India, UK, Ireland, France and US. It produces formulations, biopharmaceuticals, vaccines and active pharmaceutical ingredients (APIs).
From 1997 to 2007, the company acquired 7 companies:- 
·         Wallis Laboratory, UK (1998) 
·         Merind, India (1998)
·         CP Pharmaceuticals, UK (2003)
·         Espharma GmbH, Germany (2004) 
·         Dumex India (2006)
·         Pinewood Laboratory, Ireland (2006) 
·         Negma, France (2007)

These acquisitions required funds and due to easy availability of funds at low interest rates, the company resorted to debt financing for these acquisitions. The net debt increased from Rs. 1559.41 mn in 2004 to Rs. 40,229.64 mn which is around 25.8 times over a period of just 4 years. This meant increased finance costs and high risk. Debt was raised as a mix of secured loans and unsecured loans including the FCCBs.

These loans were not a problem till 2008 as the company witnessed a CAGR of 30% in sales from 2004 to 2008. The company was expanding at an unprecedented rate generating large revenues and high value for its shareholders. With most of the acquisitions turning successful, the company entered into complex currency transactions to make quick gains and supplement its profits from daily operations. Everything worked as the management planned but like most of the corporates, even it could not see the 2008-financial crisis coming and were caught off guard. The company incurred a loss of Rs. 600 crores on forex transactions which wiped off profits of number of years. Even after incurring this huge loss, the company had the potential (because of robust operations) to storm out of the losses without doing much damage to itself, but the problems became unmanageable when the FCCBs (Foreign Currency Convertible Bondholders) refused to convert their bonds into equity shares and demanded repayment in cash. The quantum of their demand being US$110mn. The management was caught from all sides as it had no bandwidth to raise more debt to honour FCCBs as the company was already reeling under high debt and neither any scope to issue equity shares as the stock markets were badly hurt due to financial crisis. The loss on forex has dried up its reserves and the company was under serious liquidity problems. It was already becoming hard for the company to honour its rising interest charges on high debt due to drop in topline due to fall in demand from European and US markets. Debt service and that too of US 110$ mn was the last thing the company was prepared for. Ultimately the company defaulted on its payment to FCCBs and went in for Corporate Debt Restructuring led by ICICI Bank. Most of the creditors agreed to the CDR plan but FCCBs argued that CDR was favouring domestic banks and was structured against FCCB holders. Thus, they filed a winding up petition in Bombay High Court and asked the court to appoint a liquidator. The court admitted the winding up plea in an unprecedented decision. The promoters got a stay on this plea from the court and promised to increase promoter shareholding to payback the FCCBs. 

Promoters plan, post 2008 financial crisis, was to sell some of its assets and repay debt by 2015. It sold its losing German subsidiary, Esparma, to Mova GmbH and the animal health division to VĂ©toquinol, a French veterinary care company, for an undisclosed amount in Jun, 2009. In Aug 2009, Wockhardt Ltd, sold 10 of the 17 hospitals it owned to New Delhi-based Fortis Healthcare for Rs 9090 mn. In July, 2012 Wockhardt entered into an agreement with Danone for divestment of its Nutrition Business for a consideration of Rs. 12800 mn, including its wholly owned subsidiary. 

Source: Company Annual Reports

The net debt decreased substantially and by the end of FY 2012-2013, the company had Net Debt of Rs. 19,654.69 mn and had repaid the entire amount of US 110$ mn to FCCBs. It had also exited CDR process in this FY. Thus, the company raised the required fund which was used to repay the debt and put back business on the right track. The company clocked sales of more than $1 billion in FY 2013 which resulted in diluted EPS of Rs. 143.34, highest in its lifetime.

Courtesy -

As the analysts were amazed by the speed at which things took place right from exponential growth of wockhardt from 1999 to 2008 to the 2008 financial crisis where company was almost bankrupt followed by recovery when company clocked more than $1bn sales; a letter arrived at the Wockhardt Corporate HQ from USFDA signalling that the problems at Wockhardt were far from being over.