SIP Project
SIP Project
Submitted by:
Mr. MANJUNATH S. HAGEDAL
REGISTRATION NO. MBA14220006
EXTERNAL GUIDE
Mr. M I Choudary
Assistant Professor
Assistant Hr Manager
JSL, Jamakhandi
Page 1
Tel.No: 08372-245871
Cell: 9900798007
Date: 25.07.2015
CERTIFICATE
This is to certify that Mr. Manjunath S. Hagedal a student of
MBA II Semester, has completed his Summer In-plant Project ( SIP )
at Jamakhandi Sugars Ltd. Jamakhandi entitled Working Capital
Management in partial fulfillment of MBA Degree as prescribed by
Karnatak University, Dharwad, during the academic year 2014 15.
Prof. B. A. Hiremath
Co-ordinator
Examiner :
1. _________________
2. __________________
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Tel.No: 08372-245871
Cell: 953599301 8
Assistant Professor
Date: 25.07.2015
CERTIFICATE
This is to certify that Mr. Manjunath S. Hagedal a bonafide
student of MBA II Semester, Karnatak University Post Graduate Centre,
Gadag, has completed his Summer In-plant Project ( SIP ) at
Jamakhandi Sugars Ltd. Jamakhandi .
He
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DECLARATION
project
work
entitled
Working
Capital
Management
in
The findings and suggestions of this project report are based on the
information collected during the period of my study.
Page 5
ACKNOWLEDGEMENT
This project report is a result of contribution received from a number of people, This
report cannot be claimed as my individual effort, this is to acknowledge all the people
who have provided me with the inspiration and guidance during the preparation of the
project, therefore, i extend my deep sense of gratitude to all of them.
I express my sincere thanks to Mr. M I Choudary Assistant HR Manager,
Jamakhandi Sugars Ltd. Jamakhandi, for his guidance and support throughout the
project .
I express my deep sense of gratitude to Dr. R. R. Kulkarni, Admininistrator and
Prof. B. A. Hiremath, Co-Ordinator, Karnatak University Post Graduate Centre,
Gadag- Betgeri, for their inspiration and guidance.
I am thankful to my Project Guide Prof. Rani kale, for his valuable guidance and
support throughout the project.
I express my sincere thanks to Prof.M.B.Channappagoudar, Project Co-ordinator and
the entire Faculty, for providing encouragement, guidance and valuable suggestions.
Finally I would like to thank all my classmates and friends for their help, Last but not
the least; my family has always been a source of motivation and unconditional love,
which has helped me to accomplish my project on time.
Manjunath S. Hagedal
MBA14220006
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TABLE OF CONTENTS
Sl.N
Contents
Page No
o
Executive Summary
01
Chapter 1 :
Industry Overview
02
Chapter 2 :
Company Profile
04
Chapter 3 :
Literature Review
36
Chapter 4 :
Research Methodology
44
Chapter 5 :
47
Chapter 6 : Findings
58
Suggestions
58
Conclusion
58
10
Bibliography
59
11
Annexure
60
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EXECUTIVE SUMMARY
The project report entitled Organizational Study and changes in working capital"
undertaken by me at JAMAKHANDI SUGARS LIMITED,JAMAKHANDI. as a part
of curriculum activity of MASTER OF BUSINESS ADMINISTRATION course.
This report highlights various departments of the organization and their functions.
Project also given insight into working of JAMAKHANDI SUGARS LIMITED,
JAMAKHANDI. The main objectives of this report are to study organizational structure of
the Company and the various departments functioning. The report also explores other
variables with respect to the company.
Page 8
CHAPTER -1
INDUSTRY OVERVIEW
Page 9
Introduction:
The sugar industry occupies a major place in the organized industries of India. It
ranks second next to cotton & textile industries. It provides employment to nearly 5
lakh of people directly. Sugar is essential product in India. Considerable quantity of
sugar is produced in India. India produces white sugar, Khandasari, and Jaggery.
There are about 450 sugar industries working throughout the country. Among them
120 are in private sector, 235 in co-operative sector and remaining 95 are in public
sector. In Karnataka state there are about 46 sugar industries established. Out of 46,
22 are in private sector, 21 are in co-operative sector and remaining 3 are in public
sector. The sugar industries are located in an in joint venture rural areas and have an
intrinsic symbiotic relationship with rural masses. Some units are also in a position
to supply surplus power to KPTCL through bagasse based co-generation system.
The sugar industry contributed the revenue of the central and the state
government to a sum of Rs.350 crores in the form of taxes & duties. The sugar cane is
being grown in about 3.85lakh acres. Every year the crop is mostly concentrated
around Bagalkot, Belgum, Mandya and coastal areas. The crop can be grown in all
types of soil but higher yields can be obtained in rich wet drained and medium soils.
Sugar cane, which is a raw material for sugar is perishable and weight losing natured
crop. Hence it is a agro based industry. The concentration of sugar crop is found in the
areas of Maharashtra and part of North Karnataka. The sugar industry was highly
regulated industries but after 1999 it is relicensed.
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CHAPTER-2
COMPANY PROFILE
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Government (Former Union Dy. Minister for Coal) the Chairman who promoted th
e company with the association of local farmers and general public has
engaged himself in socio-economic development of this region since 20 years.
Construction of Chikkapadasalgi and Heggur barrages on co-operative basis with the
help of farmers are his recorded contributions. The unique experiment of Self-help
at Chikkapadasalgi brought 35000 acres of land under irrigation and solved drinking
water problem of 30 villages.
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REGISTRTION NO
REGISTRION DATE
YEAR OF ESTABLISHMENT
CRUSHING CAPACITY
CO-GENERATION
PROJECT COST
TOTAL LAND
ACTIVITY UNDER TAKEN
Page 13
Achievements:
1.
3,90,090
4,49,300
Recovery
11.50
4,71,418
5,52,015
Recovery
11.68
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5,34,367
6,45,015
Recovery
12.05
BEST
PERFORMANCE
SUGAR
FACTORY
AND
BEST
CANE
4,74,132
5,82,695
Recovery
12.25
421316
431640
Recovery
10.20
530010
620825
Recovery
11.72
515252
604150
Recovery
11.72
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622132
734490
Recovery
11.81
525765
544420
Recovery
10.36
747197
840440
Recovery
11.25
923369.9
1107810
Recovery
12.00
2.
The Factory is installed for 2500 TCD capacity but during 2005-2006,
2006-2007 & 2007-2008 the crushing capacity is gone more than 3000 MT
per day at times, the crushing is gone more than 3200 MT per day. The
total number of days cane crushed more than 3000 MT is 60 days.
3.
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4.
5.
Last but not least the sugar colour and crystal size is very much
appreciated by the farmers and traders fetching a high premium to the
factory.
6.
We have exported Power to Grid 153 Lakhs units during 2005-2006 and
190 Lakhs units so far during 2006-2007 we expect future power export to
the extent of 50-60 Lakhs units totaling 250 Lakhs units.
7.
We are glad to state that Carbon Credit from UNFCC is realized upto
September 2006 and Carbon Credit is valid upto 2012, which is an
additional income for the company. In Northern Karnataka only few Sugar
Factory has got Carbon Credit from UNFCC.
BOARD OF DIRECTORS
1.
SHRI S B NYAMAGOUD
2.
SHRI G S NYAMAGOUD
3.
SHRI SHIVAPRAKHASHAM
4.
SHRI ISHWAR BIDARI
5.
SHRI ASHOK AWAKANAVAR
6.
SHRI RAJUGOUDA B PATIL
7.
SHRI ANNAPPA A HUDDAR
8.
SHRI LAXMAN S SAVADI
9.
SHRI SURESH A PATIL
10. SHRI RAJU S KADDAPATTI
11. SHRI PADMMANNA G JAKANURU
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Chairman
Shri Shivaprakash
Managing Director
Executive Director
Shri S Naik
General manager
Shri S Loganathan
General management
Shri R Varma
Shri V A Kalshatti
Shri B D Kamti
Chief Chemistry
Shri M I Horati
General Accountant
Shri H R Kanthi
Shri Ambi
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Board of Directors
General Manager
(Tech)
Manager
(Finance & A/C)
Assistant
Accountant
Clerk
Assistant
Accountant
Clerk
General Manager
(Cane)
Assistant Manager
Assistant
Accountant
Clerk
Assistant
Accountant
Assistant
Accountant
Clerk
Clerk
Assistant
Accountant
Clerk
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Collection of data
Advertisement
Interview
Letter of offer
Induction
Appointments
Page 21
28
Time Office
Account Section
16
Purchase Section
Cane Department
100
Engineering department
206
Civil
Manufacturing department
91
Store Section
EDP/ IT
Attenders
Total
474
e) Welfare facilities:
A labor welfare facility means efforts to make life with living for workman.
The basic purpose of providing welfare facilities is to improve the working conditions
and make a worker a good employee and happy citizen in the society. There have
been a lot of welfare facilities provided to the employees in the factory like.
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Time Shifts
a) 1st Shifts
5 AM to 1 PM
b) 2nd Shift
1 PM to 9 Pm
c) 3rd Shift
9 PM to 5 AM
d) General Shift
8 AM to 6 PM
MARKETING DEPARTMENT
a) Introduction:
This section shows its important when the question of sales comes because
this section takes care of sales of sugar produced and also sale of By products like
bagasses, molasses etc. In this section there are 3 employees are working. There is
one accountant and two assistant clerks.
Sales of sugar is control by the government. Government put some rules and
regulations on sale of sugar. Sale of sugar is takes place in 3 categories, there are:
1 Free sale
2 Levy sale
3 Export sale
Free Sale
We have freedom to sale anybody in India for any rate up to the
quantity fixed by them.
Levy Sale
It is controlled by central and State Government.
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rate. Government of India will issue release order for levy and also fix the
Export Sale
Sugar exporting other country.
b) Functions:
C) Distribution channel:
MANUFACTURER
WHOLESALER
RETAILER
CUSTOMER
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Customers:
FINANCE DEPARTMENT
a) Introduction:
This is the one of the main section in administration department. It maintains
all the records of the transaction and makes the entries accordingly. This section is
only meant to deal with monetary transaction and maintain profit and loss account
balance sheet such other books. In this section other two section comes which are as
follow,
Cane account section is meant to maintain all the records relate to the maintain
all the records relates to the dealing cane, it means that, it maintain the purchase and
consumption of cane for the purpose of the production.
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Different types of register which are maintain in this section are as follows,
1 Advance register
2 Bank register
3 Contractor register
4 Depositor register
5 Expenses register
6 Fixed assets
7 Store supplier
8 Cane supplier
PRODUCTION DEPATMENT
Manufacturing department is one of the core parts in every process-based
industry. In addition, it plays vital role in the organization for smooth going in every
sugar industries.
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CANE
WEIGHTMENT
POWER
GENERATION
POWER
GENERATION
CANE UNLOADING
CANE
PREPERATION
MILLING
b) Mechanical section:
This includes all the mechanical process that is right from the cane
weightment till milling (obtaining of sugar cane juice) for further processing.
Weightment
2 Cane Unloading
KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI
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c) Cane weightment:
d) Cane unloading:
Here the weighed sugar cane is unloading and further send for cane
preparation with the help of sling attached instrument. Cane is loading on the feeding
table for further process.
e) Cane department:
After feeding the sugar cane on feeding tables with the help of levelers which
avoid overloading of sugarcane is sent to primary cutter which cut the sugar canes
into small pieces further fine fibers are obtained from these pieces by passing them in
the fibrizers.
f) Milling section:
After fibrizering, the cane passing the prepared fiber cane through a set of
mills carriers on milling weighted hot water is also added in the course of crushing for
better extraction of juice. After crushing the juice is sent for further processing.
g) Electrical section:
The section has two other sub sections they are
1] Boiler section
2] Power generation
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Boiler is one of the main apparatus in the production of sugar cane, it is use
cogenerate steam. The process goes like this, the water is filled in the boiler and
heated with the help of wood or bagasses, the so generated steam are used to generate
power for the factory operation.
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Cane weightment
Cane unloading
Cane conveying
Residential bagasses used as fuel to boilers
Cane preparation
Residential bagasses used as fuel to boilers
Milling
Filtration
Evaporation
Syrup sulphitation
Crystallization
Gradation
Storage
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1} Enquiry:
It goes to different suppliers and enquire about goods which are
necessary to them for present and future requirement. They will purchase goods
with bulk quantity by year wise.
2} Collection of quotations:
After collection of quotations, they have made comparison between
quotations. It includes comparison of price, discount, quality, quantity, credit
period, delivery time etc.
3} Negotiation:
After comparison different quotations them they will deals with
supplier.
4} Finalization of order:
In final stage they will go detail discussion about quotations which are
very near to this requirement.
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Vendor list
Comparative Register
Pending file
Rejection file
STORE DEPARTMENT
a) Introduction:
Store department is also important section in the administrative department.
All type of materials are kept in this section which are required for the factory for
smooth running. In this section, workers are work day and night and shift is changing
every 8 hours. The main work of this section is to providing the material to the
required department. There are 6 workers working in this section.
1. Store in charge
2. Assistant
3. Helper
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1)
2)
3)
4)
5)
Issue note:
If material is require for any department, sign is must required
on store indents receipt. person of material and authority person of store
also sign on store indents i.e. store keeper the same is to be posted to bin
card and they reduce the stock & value of materials.
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6)
Debit notes:
Store department issued any materials to fabrication for supple
on chargeable basis, the same debit note is raised for deducting the cost
volume to supplier account and then inform to account department for
making final settlement.
8)
Computerized system:
They have computer for recording all transaction and also they
have manual method for recording transactions.
9)
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In this factory, all about 40 computers are using. EDP dept using the software
like visual basic , Access, data base, crystal report, Tally. EDP dept install wireless
networking is to the various departments.
a. Sales department
b. Purchase department
c. Cane development department
d. General account department
e. Store department
f. Time office department
g. Weight bridge department
h. Electrical department
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Make up water
Deareator tank
pumping
Stream pump
turbin
Generator (electricity)
The factory has started its own co-gen (co-generation) means it has started
producing electricity from oct-2001 of 12 MW power in two phases at 6MW each.
3.5 MW would be captive demand for its own consumption with surplus power of 8.5
MW for sale.
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Total
generation
(KHW)
2009-10
1,65,88,862
2010-11
2,63,83,580
2011-12
3,86,47,202
2012-13
6,74,80,666
2013-14
7,10,20,260
2014-15
6,73,38,950
buildings, roads, materials works which are connected to the factory only.
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C) Molasses:
The company has one tank for the storage of molasses with the capacity of
4000 tones. Molasses is directly collected from the factory to the tank through pumps.
d) Products:
Finished products:
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Bagasses is used also one of the By product obtained during the process It is
used as fuel for boilers to produce It is used as fuel for boilers to produce steam
through which electricity is obtained.
Fresh mud is yet another by-product produced during the process. It is sold to
farmer during the process, which they in turn use it as fertilizer to grow sugar cane. It
is also sold to sterilizer units & also teed to the cattle.
SWOT ANALYSIS
In the following four sections are the most relevant issue to
Jamakhandi sugar Ltd. For his successful operation JSL s need employees and
targeted focus JSL will capitalize on these and other strengths to take advantages of
opportunities and manage and threats because they are the sugar producing experts.
Strengths:
Location: JSL is ideally located in the area which is fully irrigated and here
farmers are cultivating sugarcane and farmers are more satisfied of factory
billing and other facilities.
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Plant Layout: JSL has organized well structure plant layout which flow of
production. So, production process goes as it designed by the management
body. It has well design plant layout.
Weakness:
Lack of marketing communication: JSL does action activities. This result in
under exploitation of the available market potential.
Opportunities:
Growth market: Now a day sugar has own importance & also market price of
sugar is also high. JSL is providing good billing to farmer and also salary to
workers and thats why this is one of the best sugar factory in India.
International market: JSL has potential to achieve sales from the national and
international market. JSL establish it self and gains financial stability it began
market its quality sugar nationally and internationally.
Co-gen: JSL providing 12 megawatt power and they will give this co-
Page 41
Threats:
Price strategy: Because of heavy competition the price strategy will changing
environment.
Page 42
CHAPTER- 3
Literature Review
Page 43
Working capital
Working capital is the capital used for the day-to-day operations in the
organization. It denotes the money that circulars in the organization for
smooth functioning of the organization.
Strict working capital management leads to immense improvement in internal
effectiveness working capital is the difference between resources I cash (Current
Assets) and organizational commitments for which cash would be soon required
(Current Liabilities). Current Assets are the resources which are in cash or will soon
be converted into cash in ordinary course of business. The faster business expands
the more cash it will need for working capital and investment.
Good management of working capital will generate cash, help to improve
the profits, solidity the relationships with suppliers and customers, and reduce risk.
This project was undertaken to analyze the working capital policies. Working capital
management of the company and to reduce down their problems and finding the
solutions with respect to the working capital management of the company.
Working capital is a needed for smooth conduct of day today business activities. It
is needed to finance the current assets of the firm. The working capital should neither
be in excess would have a negative impact on the firms profitability because of the
idle investment. On other hand inadequate working capital would lead to inability to
meet the current obligation which would hamper the firms creditability and thereby its
reputation.
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Debtors
(Receivables)
Cash
Finished goods
Raw materials
Work-in-progress
Page 45
Page 46
Types of ratios
Four basic types financial ratio used to measure to company performance
1)
2)
3)
4)
Liquidity ratio
Solvency ration
Profitablity ratio
Efficiency ratio
Page 47
Cash / Bank
Finished Goods
Stock
Work in progress
Page 48
RATIO ANALYSIS
MEANING
Ratio is the numerical relationship between two numbers. It may be expressed in
quotients, rate or in percentage. The ratio analysis of working capital helps
management in checking upon the efficiency with which working capital has been
used in company.
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Page 50
CHAPTER-4
RESEARCH METHODOLOGY
Page 51
Page 52
LIMITATION OF STUDY
1) The study have been influenced by the limitation of the ratio analysis
2) This study deals with the data made available.
3) The result of the study cannot judge the business of the firm in general.
Page 53
CHAPTER-5
ANALYSIS OF WORKITAL
Page 54
Particulars
Years
Change
Capital
in
Working
Current Assets:
2013
2014
Increase
Inventories
2,11,94,89,025
3,09,22,00,521
972711496
10,94,76,777
17,09,16,866
61440089
2,70,95,411
6,55,37,451
38442040
14,47,58,872
29,73,02,060
152543188
Bills receivables
6,30,25,515
6,29,64,907
Gross
Working 2,46,38,45,600
Capital(A)
Decrease
60608
3688921805
Current Liabilities
Liabilities
422002704
Provisions
730230
240026556
491481
1701057427
2985991923
term 2113215850
2053052799
4237026211
5701565463
-1773180611
-201,26,43,658
Bills payables
Short
borrowings
662029260
238749
1284934496
60163051
(B)
Net Working Capital
(A-B)
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Years
Change
Capital
in
Working
Current Assets:
2012
2013
Inventories
155,61,11,176.30 21,11,94,89,024.63
Debtors
5,51,35,887.23
6,30,25,515.03
7,39,55,755.32
2,70,95,411.46
15,81,68,622.90
26,64,91,121.78
Gross
Capital(A)
Increase
Decrease
7889627
46860343
108322498
Current Liabilities
Liabilities
1133983567.19
1820671353.32
Provisions
27187310.00
9608116.00
686687786
17579194
116,11,70,877.19 183,02,79,469.32
(B)
Net Working Capital
(A-B)
68,22,00,565
64,58,21,604
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Particulars
Years
Current Assets:
2011
2012
Inventories
88,33,76,315.30
155,61,11,176.30
Debtors
5,10,12,728.16
5,51,35,887.23
4123159
32,17,57,252.65
7,39,55,755.32
163588630
19,58,67,633.76
15,81,68,622.90
Gross
Capital(A)
Increase
Decrease
672734861
201287641
Current Liabilities
Liabilities
55,81,11,212.37
113,39,83,567.19
Provisions
6,48,65,909.71
2,71,87,310.00
575872355
37678599
116,11,70,877.19 62,29,77,122.08
(B)
Net Working Capital
(A-B)
29,08,43,053
122,03,94,320
Page 57
Current Assets
Current Liabilities
Current Ratio
2011-12
(in crores)
18.43
11.61
1.58
2012-13
(in crores)
24.76
18.30
1.35
2013-14
(in crores)
36.88
57.01
0.64
1.8
1.6
1.58
1.35
1.4
1.2
1
0.8
0.64
Current Ratio
0.6
0.4
0.2
0
2011-12
2012-13
2013-14
INTERPRETAION:
The table showing 2011-12 in financial year is good current ratio. In the
next years is decreeing on slowly.
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Particulars/Years
Cash & Bank
Current Liabilities
Absolute Ratio
2011-12
73.95
11.61
6.36
2012-13
27.09
18.20
1.48
2013-14
65.53
57.01
1.14
6.36
6
5
4
3
2
1.48
1.14
1
0
2011-12
2012-13
2013-14
INTERPRETAION:
In this diagram absolute liquid ratio is very high in 2011-12 that is 6.36% and
its slowly decreased in next 2 years compared to first year that 1.48%, 1.14%. in the
year 2012-13 and 2013-14 respectively.
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Sales
Particulars/Years
2011-12
2012-13
2013-14
Sales
17.32
23.89
25.48
6.45
20.12
17.44
5.36
Net
Capital
Ratio
Working 12.20
5.12
20
17.44
18
16
14
12
10
Ratio
8
6
5.36
5.12
4
2
0
2011-12
2012-13
2013-14
INTERPRETAION:
Working capital tarn over ratio is highly increased in 2012-13 was 17.44% and
suddenly decreased in the next year2013-14 that is 5.36%.
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Profit
Particulers/Years
Profit
Net
Working
Capital
Ratio
2011-12
44.50
12.20
2002-13
15.61
6.45
2013-14
-15.38
-20.12
3.64
2.42
0.76
3.64
3.5
3
2.42
2.5
2
Ratio
1.5
0.76
0.5
0
2011-12
2002-13
2013-14
INTERPRETAION:
In this table shows working capital on profit in falling down in the years of
ratio are 3.64%, 2.42%, 0.76 years on 2011-12, 2012-13, 2013-14 respectively.
Page 61
Sales
Fixed Assets
Particulars/Years
Sales
Fixed Assets
Ratio
2011-12
17.32
36.05
0.48
2012-13
23.89
17.74
1.34
2013-14
25.48
45.17
0.56
1.6
1.34
1.4
1.2
1
0.8
0.6
0.56
0.48
Ratio
0.4
0.2
0
2011-12
2012-13
2013-14
INTERPRETAION:
In this table shown fixed assets tarn over ratio in the year 2012-13 was very
good and 2013-14 was slowly decreased to 0.56%.
Page 62
Cash
Current Liabilities
Particulars/Years
Cash
Current Liabilities
Ratio
2011-12
73.95
11.33
6.52
2012-13
27.09
18.20
1.48
2013-14
65.53
57.01
8.52
8.52
9
8
7
6.52
6
5
4
Ratio
3
1.48
2
1
0
2011-12
2012-13
2013-14
INTERPRETAION:
In this table shows cash ratio in this table jamakhandi sugars cash ratio are
good in present year. Compared to last 2 years 2011-12 in 6.52% 2012-13 in 1.48% in the
year 2013-14 8.52%.
Page 63
CHAPER-6
FINDING, SUGGESTION
AND
CONCLUSTION
Page 64
SUGGESTIONS:
In jamakhandi sugars ltd I have a 2 month summer in plant Project done.
1. by using new technique of production the sales capacity of the
company can be increased and thus, the working capital can be
increased and earn good profit.
2. Improving Working capital increasing along with profit
3. Company need to increase the current asset tarn over ratio increasing
there current assets.
4. Liquidity position of the company current asset of the company is
week, so it should try to maintain proper position of the assets.
5. The cost of production can be decreased by the efficient utilization of
resources which can help to increase the profit.
6. Investment in current assets try to increase.
CONCLUSEN :
After going through the different aspect of the factory departments and the
awards if has received in different fields it appears that the company in making study
process in all the issue the very fact that in the single instance of strike or look outs
shows the relationship between the management and employee.
The working capital is considered to be important tool for progress
working capital management technique are playing significance role in the
management for decision making.
Page 65
BOOK
Financial management
Financial management
I m pandey
Company
Annual Report
Balance Sheet
Profit and Loss Statement
Web site
[email protected]
www.Google.com
Page 66
Balance sheet
as on 31st march
574778186.00
172326821.98
573755962.00
170726612.25
4052015194.55
189495374.06
27920356.71
2906796300.55
195426104.06
29181463.12
5016535933.30
3875886441.98
2498888922.47
724533789.37
1774355133.10
2568390996.62
954589374.53
594055459.89
360533914.64
2783852242.78
27968200.00
49299720.00
2119489024.63
63025515.03
27095411.46
266491121.78
2476101072.90
1556111176.30
55135887.23
73955755.32
158168622.90
1843371441.75
1820671353.32
9608116.00
1830279469.32
1133983567.19
27187310.00
1161170877.19
645821603.58
682200564.56
TOTAL
5016535933.30
3875886441.98
Particulars
I.
Sources of fund
Share capital
Reserve and surplus
Loan funds
Secured loans
Unsecured loans
Deffrred tax liabilitynet
TOTAL
II.
Application of funds
1)fixed assets
Gross block
Less :Dep
NET BLOCK
Capital
work
in
progress
2) Investment
3) Current assets loans
& Advances
Inventories
Sundry debtors
Cash & bank balance
Loans & advances
TOTAL
Current
libalities
and
provisions
Current liablites
Provisions
Page 67
AS ON 2012-13
31 march 2013
31 march 2012
Other income
Increase/(decrease)in stock
2389843391.75
74885125.87
2314958265.88
19484834.25
(96378836.90)
1732438376.16
69518731.00
1662919645.16
43682035.17
669938544.45
Total
2238064263.23
2376540224.78
2)Expenditure
Materials
Manufacturing expenses
Manpower
Administration expenses
Finance charges
Depreciation
Total
1690781510.00
140498996.22
72184667.00
6656523.36
197327105.85
130478329.48
2237927131.91
1887593821.14
101697236.98
58289346.80
42361823.45
190594013.55
30131477.93
2310667719.85
1)Income
sales
less: excise duty paid
to
65872504.93
2660731.64
137131.32
(201972.00)
(1261106.41)
1600209.73
for 156101821.98
63211773.29
16378318.29
2325029.00
44508426.00
154501612.25
the 156101821.98
154501612.25
Page 68
As at 2014
As at 2013
557,900,000
18,474,722
576,374,722
18,034,405
250,000,000
172,326,822
422,326,822
324,778,186
1,994,884,020
40,546,221
8,671,013
2,044,101,254
1,85,885,941
27,920,357
8,877,886
1,862,684,184
2,053,052,799
2,985,991,923
662,029,260
491,481
5,701,565,463
8,340,075,844
2,113,215,850
1,701,057,427
422,022,704
730,230
4,237,026,211
6,846,815,403
4,517,629,999
90,200,368
4,607,830,366
31,068,200
12,255,473
4,651,154,039
1,774,355,134
2,568,390,996
4,342,746,130
27,968,200
12,255,473
4,382,969,803
3,092,200,521
62,964,907
65,537,451
297,302,060
170,916,866
2,119,489,025
63,025,515
27,095,411
144,758,872
109,476,777
3,688,921,805
8,340,075,844
2,463,845,600
6,846,815,403
Page 69
2548071046
89805744
2458265332
32633707
2490899038
2389843392
74885126
2314958266
19484834
2334443100
Expenses
Cost
of
material
2997825532
consumed
Raw materials
129022666
Stores, spares, chemicals,
packing material & others
3126848198
Other
manufacturing 172102259
expenses
1515340604
Changes in inventories of
finished stock
107241292
Employee
benefits 397320122
expenses
313635002
Finance costs
30319003
Depreciation
Other expenses
Total Expenses
2632125274
1690781510
79473978
1770255488
61025019
(87631840)
72184667
197327106
130478329
15403520
2334305969
(141226235)
137131
Tax expenses
Current tax
Deffered tax
PROFIT & LOSS FOR
THE YEAR
126258645
(153852099)
(201972)
(1261016)
1600210
Page 70