3. Company Profile Business Type Exporter/ Importer/ Manufacturer Year of Establishment 1951 Year of Commencement 1952 Company Branches Ludhiana, Chandigarh Managing Director Sh. Onkar Singh Pahwa Export Turnover About Rs. 100Crores (20% of turnover) Annual Turnover Rs. 500Crores Capacity to Produce 5000 Cycles per day Bankers Punjab National Bank, State Bank of India, CITI Bank, HDFC Bank Limited, HSBC Bank
4. Vision : Quality at Affordable Price with Technological Innovation and Investment in Human Capital
13. Current Ratio = Current Assets Current Liabilities Table 2.1 Particulars 2006-07 2007-08 2008-09 Current Assets 1,641,865,983 1,560,706,676 1,523,525,703 Current Liabilities 622,475,713 840,357,896 689,656,719 Current Ratio 2.64 1.86 2.21
14. Quick Ratio = Quick Assets Current Liabilities Table 2.2 Particulars 2006-07 2007-08 2008-09 Quick Assets 1,375,241,698 1,304,802,873 1,282,268,128 Current Liabilities 622,475,713 840,357,896 689,656,719 Quick Ratio 2.21 1.55 1.86
15. Absolute Liquid = Absolute Liquid Assets Ratio Current Liabilities Table 2.3 Particulars 2006-07 2007-08 2008-09 Absolute Liquid Assets 34,166,920 64,610,902 174,724,242 Current Liabilities 622,475,713 840,357,896 689,656,719 Absolute Liquid Ratio 0.05 0.08 0.25
16. Stock Turnover = Cost of Goods Sold Ratio Average Inventory Table 2.4 Particulars 2006-07 2007-08 2008-09 COGS 436,142,374 388,281,130 496,041,031 Average Inventory 117,122,075 840,357,896 689,656,719 Stock Turnover Ratio (in times) 3.72 2.63 2.99 Stock Conversion Period (in months) 3.22 4.56 4.01
17. Debtor Turnover = Net Credit Annual Sales Ratio Average Trade Debtors Table 2.5 Particulars 2006-07 2007-08 2008-09 Sales 2,903,087,973 3,217,566,793 4,152,084,907 Average Debtors 669,317,554.50 773,047,057 740,883,286 Debtor Turnover Ratio (in times) 4.34 4.16 5.6 Average Collection Period (in months) 2.77 2.88 2.14
18. Creditor Turnover = Net Credit Annual Purchases Ratio Average Trade Creditors Table 2.6 Particulars 2006-07 2007-08 2008-09 Purchases 176,514,210 175,500,672 200,779,763 Average Creditors 343,282,406.50 501,238,233.50 521,249,794 Creditor Turnover Ratio (in times) 0.51 0.35 0.39 Creditor Payment Period (in months) 23.36 34.29 31.17
19. Working capital = Sales Turnover Ratio Average working Capital Table 2.7 Particulars 2006-07 2007-08 2008-09 Sales 2,903,087,973 3,217,566,793 4,152,084,907 Average Working Capital 946,899,716.50 875,696,095 782,935,452 Working Capital Turnover Ratio 3.07 3.67 5.3
20. Fixed Asset = Sales Turnover Ratio Net Fixed Assets Table 2.8 Particulars 2006-07 2007-08 2008-09 Sales 2,903,087,973 3,217,566,793 4,152,084,907 Net Fixed Assets 194,536,779 384,994,329 659,488,577 Fixed Asset Turnover Ratio 3.07 8.36 6.3
21. Capital Turnover = Sales Ratio Capital Employed Table 2.9 Particulars 2006-07 2007-08 2008-09 Sales 2,903,087,973 3,217,566,793 4,152,084,907 Capital Employed 1,377,180,059 1,466,797,789 1,782,358,488 Capital Turnover Ratio 2.11 2.19 2.33
25. Ratio of Reserves to = Reserves Equity Capital Equity Share Capital Table 2.13 Particulars 2006-07 2007-08 2008-09 Reserves 998,347,737 1,096,911,570 1,276,362,399 Equity Share Capital 8,964,420 8,964,420 8,964,420 Ratio of Reserves to Equity Share Capital 111.37 122.36 142.38
27. Net Profit = Net Profit after Tax * 100 Ratio Net Sales Table 2.15 Particulars 2006-07 2007-08 2008-09 Net Profit 134,707,316 156,328,540 217,464,279 Sales 2,903,087,973 3,217,566,793 4,152,084,907 Net Profit Ratio (%) 4.64 4.86 5.24
41. Research Design Descriptive Research Design. Data Collection Primary Data – through questionnaires comprising 16 questions. Population Exporters of bicycle/ bicycle parts in Ludhiana.
42. Sampling Frame Exporters of bicycle/ bicycle parts in Ludhiana. Sampling Unit Any individual organization which is exporting bicycle/ bicycle parts in Ludhiana. Sample Size 30 Sampling Technique Convenience Sampling
47. Any problem in the execution of exports is faced or not. N = 30 Figure 4.4
48. N = 30 Exchange rate fluctuations effect the cash flow cycle. 1 2 3 4 4.2 5 Figure 4.5 Table 4.4 Rating Number of Responses Strongly disagree 1 Moderately disagree 0 Neither agree nor disagree 3 Moderately agree 14 Strongly agree 12 Mean 4.2
49. CENVAT is refunded by government on time. N = 30 Table 4.5 1 2 2.27 3 4 5 Figure 4.6 Rating Number of Responses Strongly disagree 3 Moderately disagree 16 Neither agree nor disagree 11 Moderately agree 0 Strongly agree 0 Mean 2.27
50. Documents are cleared by government on time. N = 30 Table 4.6 1 2 2.83 3 4 5 Figure 4.7 Rating Number of Responses Strongly disagree 3 Moderately disagree 7 Neither agree nor disagree 12 Moderately agree 8 Strongly agree 0 Mean 2.83
51. Availability of port is optimum. N = 30 Table 4.7 1 2 2.57 3 4 5 Figure 4.8 Rating Number of Responses Strongly disagree 5 Moderately disagree 12 Neither agree nor disagree 5 Moderately agree 7 Strongly agree 1 Mean 2.57
52. Non-availability of main port in Ludhiana leads to problems for the organization. N = 30 Table 4.8 1 2 3 3.93 4 5 Figure 4.9 Rating Number of Responses Strongly disagree 0 Moderately disagree 0 Neither agree nor disagree 9 Moderately agree 14 Strongly agree 7 Mean 3.93
53. Indian Cycle Industry needs technological advancement. N = 30 Table 4.9 1 2 3 3.87 4 5 Figure 4.10 Rating Number of Responses Strongly disagree 3 Moderately disagree 2 Neither agree nor disagree 2 Moderately agree 12 Strongly agree 11 Mean 3.87
54. India Trade Promotion Organization is working satisfactorily. N = 30 Table 4.10 1 2 3 4 5 Figure 4.11 Rating Number of Responses Strongly disagree 4 Moderately disagree 2 Neither agree nor disagree 16 Moderately agree 6 Strongly agree 2 Mean 3
55. Government support provided to Cycle Industry is optimum. N = 30 Table 4.11 Figure 4.12 1 2 2.23 3 4 5 Rating Number of Responses Strongly disagree 10 Moderately disagree 7 Neither agree nor disagree 9 Moderately agree 4 Strongly agree 0 Mean 2.23
56. Labor required is easily available in sufficient number. N = 30 Table 4.12 1 2 3 4 5 Figure 4.13 Rating Number of Responses Strongly disagree 10 Moderately disagree 14 Neither agree nor disagree 3 Moderately agree 2 Strongly agree 1 Mean 2
57. Language is a barrier in international trade. N = 30 Table 4.13 1 2 2.6 3 4 5 Figure 4.14 Rating Number of Responses Strongly disagree 4 Moderately disagree 9 Neither agree nor disagree 13 Moderately agree 3 Strongly agree 1 Mean 2.6
58. Services provided by shipping companies are satisfactory. N = 30 Table 4.14 1 2 2.93 3 4 5 Figure 4.15 Rating Number of Responses Strongly disagree 2 Moderately disagree 9 Neither agree nor disagree 8 Moderately agree 11 Strongly agree 0 Mean 2.93
59. Infrastructure available to Indian Cycle Industry is optimum. N = 30 Table 4.15 1 2 2.1 3 4 5 Figure 4.16 Rating Number of Responses Strongly disagree 11 Moderately disagree 8 Neither agree nor disagree 8 Moderately agree 3 Strongly agree 0 Mean 2.1
