Working Capital management is concerned with the problems that arise
in attempting to manage current assets, current liabilities and
interrelationship that exists in between them. The success of an
organisation to a greater extent depends upon the effective management
of working capital. It guarantees financial soundness of organisation and
therefore keeps it away from sickness zone. This study is a modest attempt
in this direction by undertaking a study of working capital management.
Through present study researcher has tried to examine sources used by
Rajasthan Financial Corporation to finance their working capital
requirements and to analyse and evaluate working capital management.
The paper has also examined the liquidity position of Rajasthan Financial
Corporation. In order to examine and analyse, financial statements of
Rajasthan Financial Corporation are collected for the period of five years
from 2009- 2014 and ratio analysis was conducted and analysed to check
the working capital conditions of Rajasthan Financial Corporation.
Working Capital management is concerned with the problems that arise
in attempting to manage current assets, current liabilities and
interrelationship that exists in between them. The success of an
organisation to a greater extent depends upon the effective management
of working capital. It guarantees financial soundness of organisation and
therefore keeps it away from sickness zone. This study is a modest attempt
in this direction by undertaking a study of working capital management.
Through present study researcher has tried to examine sources used by
Rajasthan Financial Corporation to finance their working capital
requirements and to analyse and evaluate working capital management.
The paper has also examined the liquidity position of Rajasthan Financial
Corporation. In order to examine and analyse, financial statements of
Rajasthan Financial Corporation are collected for the period of five years
from 2009- 2014 and ratio analysis was conducted and analysed to check
the working capital conditions of Rajasthan Financial Corporation.
Keywords: Ratio Analysis, Liquidity, Investment,
Determinants of working capital management efficiencyAlexander Decker
This document summarizes a research study that examines the determinants of working capital management efficiency for automotive and engineering firms listed on the Karachi Stock Exchange in Pakistan. The study uses cash conversion cycle, days sales inventory, days payable outstanding, and days sales outstanding as explanatory variables to analyze quarterly panel data from 9 firms over 5 years. It also administers a questionnaire on Enterprise Resource Planning (ERP) systems. The study aims to determine the efficient factors of working capital management for these firms and investigate the relationships between working capital components and independent variables. It concludes that keeping the cash conversion cycle shortest through tight collection policies and liberal payment terms, along with efficient inventory management, can help firms keep working capital efficient.
This document discusses the concept of working capital and its management. It begins by explaining why working capital is necessary due to real-world uncertainties like variable production costs and demand fluctuations. It then defines working capital management as maintaining an excess of current assets over current liabilities. The goal of working capital management is to ensure sufficient short-term funds are available to meet operational expenses and upcoming debt obligations. Proper working capital management can reduce a company's need to borrow and ensure surplus cash is invested effectively.
Working capital management of automobiles industry in haryana [www.writekraft...WriteKraft Dissertations
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission:
To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision:
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer's aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Our Achievements:
NATIONAL AWARD FOR BEST RESEARCH PROJECT (By Hon. President APJ Abdul Kalam)
GOLD MEDAL FOR RESEARCH ON DISABILITY (By Disabled’s Club of India)
NOMINATED FOR BEST MSME AWARDS 2017
5 STAR RATING ON GOOGLE
We have PhD experts from reputed institutions/ organizations like Indian Institute of Technology (IIT), Indian Institute of Management (IIM) and many more apex education institutions in India. Our works are tailored and drafted as per your requirements and are totally unique.
From past years our core advisory members, research team assisted research scholars from various universities from all corners of world.
Subjects/Areas We Cover:
Management, Commerce, Finance, Marketing, Psychology, Education, Sociology, Mass communications, English Literature, English Language, Law, History, Computer Science & Engineering, Electronics & Communication Engineering, Mechanical Engineering, Civil Engineering, Electrical Engineering, Pharmacy & Healthcare.
A Study on Working Capital Management with Reference to the India Cements Ltdijtsrd
Financial management basically deals with rising of financial resources and its proper allocation in order to maximize share holders wealth. For a successful running of an organization fixed and current assets play crucial role as organization generally invests in this options. A firm’s working capital consists of its investments in short term assets like cash and bank balance, inventories, receivables and short term investments. Therefore the working capital management’s mainly refers to the management of all this individual current assets. In this research paper an attempt has been made to study the components of working capital and the possible implications of working capital management policies on profitability of India cements ltd. The study is based on secondary data collected from annual reports of India cements ltd for the period 2015 16 to 2019 20. In this paper there is an application of ratio analysis to identify the significant impact of working capital management on the profitability. Gogula Nagarjuna | Dr. P Basaiah "A Study on Working Capital Management with Reference to the India Cements Ltd" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45114.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/45114/a-study-on-working-capital-management-with-reference-to-the-india-cements-ltd/gogula-nagarjuna
This document discusses a study on working capital management at Sudha Agro Oil and Chemical Industries Limited in Samalkota, India. It provides background on the oil and chemical industry in India and the company. The methodology, objectives, and limitations of the study are described. The document outlines the various chapters that will analyze the company's working capital management based on its financial statements over the last 5 years. It aims to assess the company's financial position, profitability, and viability through financial ratio analysis and interpretation.
This document outlines the background, problem statement, objectives, hypothesis, and methodology for a study on working capital management at Arabian Industries LLC. Specifically:
1) The background provides context on working capital and its importance for business operations and financial health.
2) The problem statement identifies key issues like determining optimal levels of working capital components and financing sources.
3) The objectives are to maintain appropriate working capital levels and availability of funds, as well as ensure working capital does not negatively impact profitability.
4) The hypothesis is that working capital helps business goodwill and creates an environment of security, confidence, and efficiency.
5) The methodology will involve understanding working capital concepts, components,
WORKING CAPITAL MANAGEMENT OF TATA STEELVIVEK SHARMA
This document is a project report submitted by Vivek Kumar Sharma to Rashtrasant Tukdoji Maharaj Nagpur University in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report focuses on working capital management at Tata Steel Ltd and includes an introduction, company profile of Tata Steel, research methodology, objectives and scope, findings and interpretation, limitations, conclusion, bibliography, and annexure. It provides an overview of Tata Steel's history, acquisitions, products, subsidiaries, and facilities.
Working Capital management is concerned with the problems that arise
in attempting to manage current assets, current liabilities and
interrelationship that exists in between them. The success of an
organisation to a greater extent depends upon the effective management
of working capital. It guarantees financial soundness of organisation and
therefore keeps it away from sickness zone. This study is a modest attempt
in this direction by undertaking a study of working capital management.
Through present study researcher has tried to examine sources used by
Rajasthan Financial Corporation to finance their working capital
requirements and to analyse and evaluate working capital management.
The paper has also examined the liquidity position of Rajasthan Financial
Corporation. In order to examine and analyse, financial statements of
Rajasthan Financial Corporation are collected for the period of five years
from 2009- 2014 and ratio analysis was conducted and analysed to check
the working capital conditions of Rajasthan Financial Corporation.
Keywords: Ratio Analysis, Liquidity, Investment,
Determinants of working capital management efficiencyAlexander Decker
This document summarizes a research study that examines the determinants of working capital management efficiency for automotive and engineering firms listed on the Karachi Stock Exchange in Pakistan. The study uses cash conversion cycle, days sales inventory, days payable outstanding, and days sales outstanding as explanatory variables to analyze quarterly panel data from 9 firms over 5 years. It also administers a questionnaire on Enterprise Resource Planning (ERP) systems. The study aims to determine the efficient factors of working capital management for these firms and investigate the relationships between working capital components and independent variables. It concludes that keeping the cash conversion cycle shortest through tight collection policies and liberal payment terms, along with efficient inventory management, can help firms keep working capital efficient.
This document discusses the concept of working capital and its management. It begins by explaining why working capital is necessary due to real-world uncertainties like variable production costs and demand fluctuations. It then defines working capital management as maintaining an excess of current assets over current liabilities. The goal of working capital management is to ensure sufficient short-term funds are available to meet operational expenses and upcoming debt obligations. Proper working capital management can reduce a company's need to borrow and ensure surplus cash is invested effectively.
Working capital management of automobiles industry in haryana [www.writekraft...WriteKraft Dissertations
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission:
To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision:
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer's aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Our Achievements:
NATIONAL AWARD FOR BEST RESEARCH PROJECT (By Hon. President APJ Abdul Kalam)
GOLD MEDAL FOR RESEARCH ON DISABILITY (By Disabled’s Club of India)
NOMINATED FOR BEST MSME AWARDS 2017
5 STAR RATING ON GOOGLE
We have PhD experts from reputed institutions/ organizations like Indian Institute of Technology (IIT), Indian Institute of Management (IIM) and many more apex education institutions in India. Our works are tailored and drafted as per your requirements and are totally unique.
From past years our core advisory members, research team assisted research scholars from various universities from all corners of world.
Subjects/Areas We Cover:
Management, Commerce, Finance, Marketing, Psychology, Education, Sociology, Mass communications, English Literature, English Language, Law, History, Computer Science & Engineering, Electronics & Communication Engineering, Mechanical Engineering, Civil Engineering, Electrical Engineering, Pharmacy & Healthcare.
A Study on Working Capital Management with Reference to the India Cements Ltdijtsrd
Financial management basically deals with rising of financial resources and its proper allocation in order to maximize share holders wealth. For a successful running of an organization fixed and current assets play crucial role as organization generally invests in this options. A firm’s working capital consists of its investments in short term assets like cash and bank balance, inventories, receivables and short term investments. Therefore the working capital management’s mainly refers to the management of all this individual current assets. In this research paper an attempt has been made to study the components of working capital and the possible implications of working capital management policies on profitability of India cements ltd. The study is based on secondary data collected from annual reports of India cements ltd for the period 2015 16 to 2019 20. In this paper there is an application of ratio analysis to identify the significant impact of working capital management on the profitability. Gogula Nagarjuna | Dr. P Basaiah "A Study on Working Capital Management with Reference to the India Cements Ltd" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45114.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/45114/a-study-on-working-capital-management-with-reference-to-the-india-cements-ltd/gogula-nagarjuna
This document discusses a study on working capital management at Sudha Agro Oil and Chemical Industries Limited in Samalkota, India. It provides background on the oil and chemical industry in India and the company. The methodology, objectives, and limitations of the study are described. The document outlines the various chapters that will analyze the company's working capital management based on its financial statements over the last 5 years. It aims to assess the company's financial position, profitability, and viability through financial ratio analysis and interpretation.
This document outlines the background, problem statement, objectives, hypothesis, and methodology for a study on working capital management at Arabian Industries LLC. Specifically:
1) The background provides context on working capital and its importance for business operations and financial health.
2) The problem statement identifies key issues like determining optimal levels of working capital components and financing sources.
3) The objectives are to maintain appropriate working capital levels and availability of funds, as well as ensure working capital does not negatively impact profitability.
4) The hypothesis is that working capital helps business goodwill and creates an environment of security, confidence, and efficiency.
5) The methodology will involve understanding working capital concepts, components,
WORKING CAPITAL MANAGEMENT OF TATA STEELVIVEK SHARMA
This document is a project report submitted by Vivek Kumar Sharma to Rashtrasant Tukdoji Maharaj Nagpur University in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report focuses on working capital management at Tata Steel Ltd and includes an introduction, company profile of Tata Steel, research methodology, objectives and scope, findings and interpretation, limitations, conclusion, bibliography, and annexure. It provides an overview of Tata Steel's history, acquisitions, products, subsidiaries, and facilities.
This document is a dissertation report submitted by Rajeshwar Ojha to Dr. Vikas Kumar Jaiswal on working capital management. It includes an introduction that defines working capital and its importance for business operations. It also discusses different types of working capital such as permanent working capital and temporary working capital. The report will examine various components of working capital management including cash, inventory, accounts receivable and payable. It aims to explore the impact of working capital management on business profitability and shareholder wealth.
A project on working capital management in bhelProjects Kart
The document provides an overview of Bharat Heavy Electricals Limited (BHEL), a large Indian power equipment manufacturing company. It discusses BHEL's history, operations, quality certifications, product range, and power generation capabilities. Specific power projects completed by BHEL in southern and northern India are also listed. In under 3 sentences:
BHEL is a major Indian manufacturer of power generation and industrial equipment, with a history dating back to the 1950s. It has a wide range of thermal, gas, hydro, and industrial products and has completed numerous power projects across India. The document outlines BHEL's operations, certifications, products, power generation capabilities, and lists specific projects in southern and northern regions of India
This document summarizes a research report on the relationship between working capital management and profitability. The report analyzes data from 60 Pakistani textile companies over 2001-2006. The results show a statistically significant negative relationship between profitability (measured by return on assets) and the number of days accounts receivable, inventory, and accounts payable are outstanding. Proper management of working capital through optimizing current assets and liabilities can thus improve company profits. The report also acknowledges the importance of balancing liquidity and profitability in working capital management.
A Comparative Study of Working Capital Management of Selected Paper Companies...RHIMRJ Journal
This research paper describes paper companies is core sector for any of the country. Working Capital Management
has its impact on liquidity as well profitability. The impact on effectiveness and profitability of working capital is tried to find
out by measuring the fluctuation in fixed assets, current assets and sales. The industry plays a vital role in development of
economics of enterprises as well as country. So at this financial appraisal of paper companies will be very useful to many of
its stakeholders. This research paper mainly based on the secondary data. Its main objectives are to evaluate the liquidity
position of the paper companies. For use ratio analysis for accounting tools and statistical tools for getting results like as
average, S.D. C.V. Maximum and Minimum and used One way ANOVA test. Mainly included two ratios in this research
paper like as current ratio and quick ratio.
This document provides an overview of a project report on working capital management at Odisha Power Transmission Corporation Limited (OPTCL). It includes an acknowledgement section thanking those who assisted and guided the project. It also includes declarations certifying that the project was completed and meets requirements for a PGDM program. The project report contains 6 chapters which will analyze OPTCL's working capital ratios from 2009-2013, components of working capital, and make recommendations. Efficient working capital management is important for OPTCL to reduce costs and increase profits while maintaining operations and meeting obligations.
A Project on Working Capital Management by Alok, PGDM, IPE, Hyderabad.Alok Reddy
Working Capital Management at Rajapushpa Properties Pvt Ltd, a privately owned real-estate firm with projects around Hyderabad's IT corridor and financial district.
1. Financial ratio analysis
2. Trend analysis of the components of working capital
3. Forecasting working capital requirement
4. Calulation of the cash conversion cycle, DSO, DPO
Working capital is the amount of a company's current assets minus the amount of its current liabilities.
The overall success of the company depends upon its working capital position. So it should be handled properly because it shows the efficiency & financial strength of a company.
The document summarizes a study on working capital management of OPTCL, a power transmission company in Orissa, India. Key findings include that OPTCL had negative working capital over 2008-2011 due to current liabilities exceeding current assets. Current ratios were also unsatisfactory. Debtors were high and increasing, blocking more funds. OPTCL needs to improve working capital management by decreasing current liabilities, increasing revenue collection, and shortening average collection periods. Effective working capital management is important for organizational profitability and growth.
Comparative study on working capital managementSupa Buoy
This document provides an overview of a project report comparing the working capital management of Bhilai Steel Plant and Tata Iron and Steel Company (TISCO). It includes an acknowledgements section thanking various managers and directors at Bhilai Steel Plant for their guidance and support. It also includes declarations signed by the project guide and student. The document then provides background information on Bhilai Steel Plant, which is one of the first integrated steel plants established in India. It discusses the organizational structure and operations of Bhilai Steel Plant and Steel Authority of India Limited (SAIL), the public sector undertaking that manages Bhilai Steel Plant and several other steel plants. The case study then focuses on providing details about Bhilai
This document discusses financial management and provides an overview of funds flow statements. It defines financial management as dealing with the management of money matters. It also defines funds flow statements as statements that show the movement of funds and the sources and applications of funds for a business over a period of time. Funds flow statements are important as they help business owners and investors understand the incoming and outgoing cash flows of a business and assess its financial standing over time. The objectives of preparing funds flow statements are to analyze the movement of funds between balance sheet dates and identify changes in working capital elements.
Jibu hmt working capital management projectJIBU AB
This document provides background information on a study conducted on working capital management at HMT Machine Tools in Kalamassery. It includes an introduction, objectives of the study, scope of the study, and background on HMT Machine Tools and the machine tool industry in India and globally. The study was conducted by Jibu AB for their MBA program and aims to analyze the working capital position and financial performance of HMT Machine Tools from 2010-2014.
This document is a project report submitted by Rasween Choudhary on ratio analysis at Kunj Roller Flour Mills Private Limited in Bhubaneswar, India. The report includes an introduction to finance and financial analysis, the company profile, literature review, data collection, analysis and interpretations of the data, findings and suggestions, and a conclusion. Rasween conducted the analysis to fulfill the requirements for a BBA program at DAV School of Business Management. The report provides an overview of the ratio analysis conducted on the company's financial statements and performance.
This document discusses working capital management practices at various banks in India. It provides case studies on 10 banks - Bank of Baroda, Corporation Bank, HDFC Bank, ICICI Bank, Canara Bank, Indian Overseas Bank, Punjab National Bank, Bank of Maharashtra, Kotak Mahindra Bank, and Axis Bank. For each bank, it outlines the types of working capital financing offered, assessment methods, security requirements, and other policies related to working capital loans.
minor project on ratio analysis of "......"Kh Corporate
This document is a project report submitted by [NAME] to Guru Gobind Singh Indraprastha University in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report focuses on ratio analysis of a particular industry and includes chapters on the introduction, research methodology, industry overview, company profile, theoretical perspective on ratio analysis, findings and analysis, and conclusions and recommendations. The introduction provides an overview of the study and its objectives, scope, significance and limitations. The research methodology chapter outlines the statement of the research problem, data collection process, presentation tools used, and research tools.
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission:
To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision:
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
• Analyzing every customer's aims, objectives and purpose of research
• Using advanced and latest tools and technique of research and analysis
• Coordinating and including their own ideas and knowledge
• Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Our Achievements:
• NATIONAL AWARD FOR BEST RESEARCH PROJECT (By Hon. President APJ Abdul Kalam)
• GOLD MEDAL FOR RESEARCH ON DISABILITY (By Disabled’s Club of India)
• NOMINATED FOR BEST MSME AWARDS 2017
• 5 STAR RATING ON GOOGLE
We have PhD experts from reputed institutions/ organizations like Indian Institute of Technology (IIT), Indian Institute of Management (IIM) and many more apex education institutions in India. Our works are tailored and drafted as per your requirements and are totally unique.
From past years our core advisory members, research team assisted research scholars from various universities from all corners of world.
Subjects/Areas We Cover:
Management, Commerce, Finance, Marketing, Psychology, Education, Sociology, Mass communications, English Literature, English Language, Law, History, Computer Science & Engineering, Electronics & Communication Engineering, Mechanical Engineering, Civil Engineering, Electrical Engineering, Pharmacy & Healthcare.
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 . Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission
“To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer’s aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Project report on working capital managementProjects Kart
This document appears to be a summer training report submitted for a post graduate degree in international business. The report contains 14 chapters that analyze working capital management at Kotak Mahindra Group, an Indian multinational financial services company. The first part provides details on the author's on-job training and competitive analysis of Kotak Mahindra Old Mutual Life Insurance products compared to ICICI Prudential Life Insurance. The second part is a project comparing the Indian mutual fund industry to global standards and expectations for its future development. The report utilizes primary and secondary research methods including surveys, financial statements, annual reports and industry journals.
Demographic profile and buying behaviour can be the two determinants for making
perception about the investor's objective. Evidences also suggest that factors such
as profession, gender, risk/return objectives and educational qualification affect an
individual's investment decision. So, it is important to study the dependence/relationship
between various demographic factors, and the investment personality exhibited by the
investor. This study aims to investigate the effect of the demographic profile of investors
on investment choice of both gold and non gold. The research intends to investigate
the buying behaviour of investors as gold their investment with possible reasons of
purchase, mode of purchase and options of purchase and brings out the relationship
between gold and stock market as the investment avenue and the perception towards
the gold buying behaviour. The paper is based upon primary data. Chi Square Test
of Independence has been used to test the dependence of events, skills, goals and
strategies.
The document discusses Six Sigma, a data-driven approach to process improvement originally developed by Motorola in 1986. It aims to reduce defects in products and services by identifying and removing sources of errors and minimizing variability. The key aspects covered are:
- Six Sigma aims for 3.4 or fewer defects per million opportunities by driving processes to operate within 6 standard deviations of the mean.
- It uses methodologies like DMAIC (Define, Measure, Analyze, Improve, Control) to improve existing processes and DMADV (Define, Measure, Analyze, Design, Verify) for new processes.
- When implemented as a management system, Six Sigma helps align improvement efforts with business strategy to accelerate
This document is a dissertation report submitted by Rajeshwar Ojha to Dr. Vikas Kumar Jaiswal on working capital management. It includes an introduction that defines working capital and its importance for business operations. It also discusses different types of working capital such as permanent working capital and temporary working capital. The report will examine various components of working capital management including cash, inventory, accounts receivable and payable. It aims to explore the impact of working capital management on business profitability and shareholder wealth.
A project on working capital management in bhelProjects Kart
The document provides an overview of Bharat Heavy Electricals Limited (BHEL), a large Indian power equipment manufacturing company. It discusses BHEL's history, operations, quality certifications, product range, and power generation capabilities. Specific power projects completed by BHEL in southern and northern India are also listed. In under 3 sentences:
BHEL is a major Indian manufacturer of power generation and industrial equipment, with a history dating back to the 1950s. It has a wide range of thermal, gas, hydro, and industrial products and has completed numerous power projects across India. The document outlines BHEL's operations, certifications, products, power generation capabilities, and lists specific projects in southern and northern regions of India
This document summarizes a research report on the relationship between working capital management and profitability. The report analyzes data from 60 Pakistani textile companies over 2001-2006. The results show a statistically significant negative relationship between profitability (measured by return on assets) and the number of days accounts receivable, inventory, and accounts payable are outstanding. Proper management of working capital through optimizing current assets and liabilities can thus improve company profits. The report also acknowledges the importance of balancing liquidity and profitability in working capital management.
A Comparative Study of Working Capital Management of Selected Paper Companies...RHIMRJ Journal
This research paper describes paper companies is core sector for any of the country. Working Capital Management
has its impact on liquidity as well profitability. The impact on effectiveness and profitability of working capital is tried to find
out by measuring the fluctuation in fixed assets, current assets and sales. The industry plays a vital role in development of
economics of enterprises as well as country. So at this financial appraisal of paper companies will be very useful to many of
its stakeholders. This research paper mainly based on the secondary data. Its main objectives are to evaluate the liquidity
position of the paper companies. For use ratio analysis for accounting tools and statistical tools for getting results like as
average, S.D. C.V. Maximum and Minimum and used One way ANOVA test. Mainly included two ratios in this research
paper like as current ratio and quick ratio.
This document provides an overview of a project report on working capital management at Odisha Power Transmission Corporation Limited (OPTCL). It includes an acknowledgement section thanking those who assisted and guided the project. It also includes declarations certifying that the project was completed and meets requirements for a PGDM program. The project report contains 6 chapters which will analyze OPTCL's working capital ratios from 2009-2013, components of working capital, and make recommendations. Efficient working capital management is important for OPTCL to reduce costs and increase profits while maintaining operations and meeting obligations.
A Project on Working Capital Management by Alok, PGDM, IPE, Hyderabad.Alok Reddy
Working Capital Management at Rajapushpa Properties Pvt Ltd, a privately owned real-estate firm with projects around Hyderabad's IT corridor and financial district.
1. Financial ratio analysis
2. Trend analysis of the components of working capital
3. Forecasting working capital requirement
4. Calulation of the cash conversion cycle, DSO, DPO
Working capital is the amount of a company's current assets minus the amount of its current liabilities.
The overall success of the company depends upon its working capital position. So it should be handled properly because it shows the efficiency & financial strength of a company.
The document summarizes a study on working capital management of OPTCL, a power transmission company in Orissa, India. Key findings include that OPTCL had negative working capital over 2008-2011 due to current liabilities exceeding current assets. Current ratios were also unsatisfactory. Debtors were high and increasing, blocking more funds. OPTCL needs to improve working capital management by decreasing current liabilities, increasing revenue collection, and shortening average collection periods. Effective working capital management is important for organizational profitability and growth.
Comparative study on working capital managementSupa Buoy
This document provides an overview of a project report comparing the working capital management of Bhilai Steel Plant and Tata Iron and Steel Company (TISCO). It includes an acknowledgements section thanking various managers and directors at Bhilai Steel Plant for their guidance and support. It also includes declarations signed by the project guide and student. The document then provides background information on Bhilai Steel Plant, which is one of the first integrated steel plants established in India. It discusses the organizational structure and operations of Bhilai Steel Plant and Steel Authority of India Limited (SAIL), the public sector undertaking that manages Bhilai Steel Plant and several other steel plants. The case study then focuses on providing details about Bhilai
This document discusses financial management and provides an overview of funds flow statements. It defines financial management as dealing with the management of money matters. It also defines funds flow statements as statements that show the movement of funds and the sources and applications of funds for a business over a period of time. Funds flow statements are important as they help business owners and investors understand the incoming and outgoing cash flows of a business and assess its financial standing over time. The objectives of preparing funds flow statements are to analyze the movement of funds between balance sheet dates and identify changes in working capital elements.
Jibu hmt working capital management projectJIBU AB
This document provides background information on a study conducted on working capital management at HMT Machine Tools in Kalamassery. It includes an introduction, objectives of the study, scope of the study, and background on HMT Machine Tools and the machine tool industry in India and globally. The study was conducted by Jibu AB for their MBA program and aims to analyze the working capital position and financial performance of HMT Machine Tools from 2010-2014.
This document is a project report submitted by Rasween Choudhary on ratio analysis at Kunj Roller Flour Mills Private Limited in Bhubaneswar, India. The report includes an introduction to finance and financial analysis, the company profile, literature review, data collection, analysis and interpretations of the data, findings and suggestions, and a conclusion. Rasween conducted the analysis to fulfill the requirements for a BBA program at DAV School of Business Management. The report provides an overview of the ratio analysis conducted on the company's financial statements and performance.
This document discusses working capital management practices at various banks in India. It provides case studies on 10 banks - Bank of Baroda, Corporation Bank, HDFC Bank, ICICI Bank, Canara Bank, Indian Overseas Bank, Punjab National Bank, Bank of Maharashtra, Kotak Mahindra Bank, and Axis Bank. For each bank, it outlines the types of working capital financing offered, assessment methods, security requirements, and other policies related to working capital loans.
minor project on ratio analysis of "......"Kh Corporate
This document is a project report submitted by [NAME] to Guru Gobind Singh Indraprastha University in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report focuses on ratio analysis of a particular industry and includes chapters on the introduction, research methodology, industry overview, company profile, theoretical perspective on ratio analysis, findings and analysis, and conclusions and recommendations. The introduction provides an overview of the study and its objectives, scope, significance and limitations. The research methodology chapter outlines the statement of the research problem, data collection process, presentation tools used, and research tools.
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
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Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 . Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission
“To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer’s aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Project report on working capital managementProjects Kart
This document appears to be a summer training report submitted for a post graduate degree in international business. The report contains 14 chapters that analyze working capital management at Kotak Mahindra Group, an Indian multinational financial services company. The first part provides details on the author's on-job training and competitive analysis of Kotak Mahindra Old Mutual Life Insurance products compared to ICICI Prudential Life Insurance. The second part is a project comparing the Indian mutual fund industry to global standards and expectations for its future development. The report utilizes primary and secondary research methods including surveys, financial statements, annual reports and industry journals.
Demographic profile and buying behaviour can be the two determinants for making
perception about the investor's objective. Evidences also suggest that factors such
as profession, gender, risk/return objectives and educational qualification affect an
individual's investment decision. So, it is important to study the dependence/relationship
between various demographic factors, and the investment personality exhibited by the
investor. This study aims to investigate the effect of the demographic profile of investors
on investment choice of both gold and non gold. The research intends to investigate
the buying behaviour of investors as gold their investment with possible reasons of
purchase, mode of purchase and options of purchase and brings out the relationship
between gold and stock market as the investment avenue and the perception towards
the gold buying behaviour. The paper is based upon primary data. Chi Square Test
of Independence has been used to test the dependence of events, skills, goals and
strategies.
The document discusses Six Sigma, a data-driven approach to process improvement originally developed by Motorola in 1986. It aims to reduce defects in products and services by identifying and removing sources of errors and minimizing variability. The key aspects covered are:
- Six Sigma aims for 3.4 or fewer defects per million opportunities by driving processes to operate within 6 standard deviations of the mean.
- It uses methodologies like DMAIC (Define, Measure, Analyze, Improve, Control) to improve existing processes and DMADV (Define, Measure, Analyze, Design, Verify) for new processes.
- When implemented as a management system, Six Sigma helps align improvement efforts with business strategy to accelerate
This document discusses commodity markets in India. It provides background on commodity markets, noting they allow producers and sellers to get fair prices through trading standardized contracts. It then summarizes the history and development of commodity markets in India, including the establishment of the Multi Commodity Exchange of India (MCX) and National Commodity & Derivatives Exchange (NCDEX) as leading commodity exchanges in the country. The summary concludes by stating MCX and NCDEX facilitate online trading of commodity futures and forward contracts to bring transparency to agricultural commodity pricing in India.
Changing dimensions of corporate social responsibility in indiaTapasya123
1. Corporate social responsibility in India is evolving from a focus on business philanthropy to broader activities integrated into core business strategy, in response to legal/regulatory pressures and public opinion.
2. CSR frameworks include the triple bottom line of economic, social and environmental responsibilities. Carroll's pyramid also outlines CSR as including economic, legal, ethical, and philanthropic responsibilities.
3. For developing countries like India, CSR focuses more on philanthropic responsibilities due to cultural and economic factors. The government regulates CSR through laws requiring companies to spend on social projects.
Training and development through e learning a case studyTapasya123
Telecom sector plays an important role in supporting the growth of other
sectors of the Indian economy .Indian Telecom Industry has a multiplier
effect in the country and also contributes in the efficiency of the economy
India's internet industry is expected to contributes US$ 100 billion to
India's gross domestic product (GDP). With contributing of about 5.3% in
India’s GDP, telecommunications with Information Technology has
significantly accelerated the growth rate of the economic and social sectors
of India very clearly. In fact, the National Telecom Policy 2012 (NTP 2012)
works with a vision to transform the country into a more empowered and
inclusive knowledge-based country, using telecommunications as an
important platform. According to the World Bank, a 10% increase in
mobile penetration boosts per capita and GDP by 0.8% points in developing
nations. Through this paper researcher wants to discuss
telecommunication sector as a prime driver in accelerating India’s
economic growth. Indian Telecom Industry has a multiplier effect in the
country and also contributes in the efficiency of the economy.
Corporate social responsibility status in indiaTapasya123
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
In the age of competition banking industry is facing increasing competition form
not only private banks and International markets. The assumption is made or it is
expected that the operational structure of banking in India will be changed in the
near future due to the emergence of new private banks. The private banks are
more enriched and diversified in spreading the wholesale as well as retail
banking. The speedy expansion and diversification of private sector banks has led
new challenges in front of the banking sector. Banking sector is coming with new
strategies and policies to cope with the changing environment to face the
competition. The existing banks getting the benefits of their wide branch network
and geographic spread whereas new emerging private banks have the massive
capital, lean personnel components expertise to develop financial product and use
of state of the act technology. It has become very difficult to maintain balance
between efficiency and stability as the banking institutions are increasing in
present corporate environment.Banking institutions becoming complex under the
impact of deregulation, innovation and technological up gradation. During the
last 30years, since nationalisation tremendous changes have been seen in the
financial markets as well as in the banking industry due to the financial sector
reform. Now the banks are not more functioning on their traditional functions but they are innovating improving and coming out with the new types of services to
full fit the emerging need of their customers. This paper explains the
developments in the banking sector, significance of banking sector, new reforms,
challenges faced by banking sector.
Impact of octapace model on banking employees a comparative study of private...Tapasya123
The document discusses a study that compares the impact of the OCTAPACE model on employees in private and public sector banks in Rajasthan, India. The OCTAPACE model measures 8 cultural values: openness, confrontation, trust, authenticity, proaction, autonomy, collaboration, and experimentation. The study surveyed 50 bank employees across 6 banks using questionnaires. It analyzed employee perceptions of the 8 values. Most employees felt their organizations demonstrated high levels of openness, confrontation, trust, authenticity, and collaboration. However, fewer felt their organizations encouraged proaction, autonomy, and experimentation. The study also found some differences between private and public sector banks in certain values like proaction and autonomy. Overall, the study concluded
Library automation in india and co operationTapasya123
Mechanisation was aimed at handling problems of bulk, weight and distance at replacing
muscle and movement with machines. This is the name given to an automatic system
of working. The difference between both automation and mechanization is mainly one
of degree. The automatic handling of parts between progressive production processes
in relation to engineering industries.
Microfinance alludes to little scale monetary administration for both
credits and stores that are given to individuals who homestead or fish or
crowd; work little or miniaturized scale ventures where merchandise are
delivered, reused, repaired, or exchanged; if administrations ;work for
wages or commissions ;pick up in-originate from leasing little measures of
area, vehicles, draft creatures ,or apparatus and apparatuses; and to
different people and nearby gatherings in creating nations, in both rustic
and urban ranges. Micro credits are given to business people excessively
poor, this study has accordingly, made an endeavour to analyse the part of
Microfinance and developing economy in India. It is a platform to deliver
financial products and complementary services reaching the poor in order
to get them out of poverty. By providing capital, trust, social esteem,
information, knowledge, competences, empowerment, networking, social
capital, technology and market access, microfinance institutions and other
sources of microfinance become active subject in the fight against poverty
in all its dimensions and levels. The integral development of the human
potential of the client and of her/his family, neighbourhood, and social networks is fostered by both well-established and innovative financial
products, whose high repayment ratio, remunerative interest rate (or
price) and low administrative cost guarantee the economic sustainability
of a well-managed institution.
Consumer buying behaviour towards the gold jewellery speciall in jaipur cityTapasya123
The main purpose of conducting this research is to study the preference to the buying
jewellery with special reference to Jaipur city. The objective of the study is to get
insight about the consumer buying behaviour and factor influencing it such as cultural,
social, economic factors and brand awareness etc. while purchasing of gold jewellery
at various jewellery retail stores at Jaipur city. The primary data was collected through
questionnaire and personal contact from around 200 customers mainly from the top
jewellery retail stores like Birdichand Ghanshyamdas Jewellers, Tanisq, Kalaji, Surana
Jewellers, JKJ Jewellers. Data collected and analysed using simple percentage
method,Chi-square and ranking method. The study was restricted only to Jaipur city
and some of the customer were not serious in their responses therefore result can
not be generalised. The study helps jewellery retail stores to understand about the
buying behaviour of customer towards jewellery.
As the time has grown the mankind has also grown in terms of technology,
living standard, the way of keeping records. In the initial years the
requirement of remembering information and keeping information intact
for future use was very less. But as the human developed himself, the
requirement of keeping information in an effective manner and in terms of
capacity becomes a crucial issue to be resolved. To solve this problem
several techniques came up in the meanwhile. And now when data capacity
has no limit and humans doesn’t want the pattern of storage and
processing to be a hurdle; BIG DATA came up as a rescue plan.The motive
of writing this paper is to understand the storage pattern of data
developed over the years.
Seed spices production in rajasthan– an overviewTapasya123
Rajasthan and Gujarat are also known as ǮSeed Spices Bowlǯ and
contributes more than 80% of total seed spices production in India. Other
states where seed spices are commonly grown are Bihar, West Bengal,
Uttar Pradesh, Madhya Pradesh, Orissa, Punjab, Karnataka and Tamil
Nadu. Since there is a large scope of seed spices by introducing them in new
areas, the higher yields can also be achieved effortlessly by implementing
new technologies and introducing modern cultural practices, enhancing
the knowledge of latest techniques to the farmers and putting more area
under these seed spices crops. Many production technologies and
introduction of new varieties through research have been generated by
National Research Centre on Seed Spices for increasing the profitability of
Seed Spices in Rajasthan. The global demand for Indian Spices is
increasingly day by day. In terms of export, there is an increase of 29% in
Coriander, 70% in Cumin, 3.1% in celery, 58% in Fennel, 49% in Fenugreek
and 97% in others and overall 62%. It can be analysed that there is still a
huge demand for Indian Spices all over the world. Keeping in view researcher can say that Seed Spices are not only the cash crops but there is
also a huge export potentiality.
An evaluation study of mid day meal programmeTapasya123
For giving a boost to universalisation of primary education by increasing enrolment,
attendance and retention and simultaneously improving the nutritional status of students
in primary classes, The National Programme of Nutritional Support to Primary Education
which is popularly known as the Mid-day Meal Scheme was launched by the Government
of India in 1995. In this research study an evaluation of Mid Day Programme in
Jaipur is being done mainly based on primary data. The universe of the study is
Jaipur, and the sample size used is 100 children of government schools. Views of
some of the available teachers in the schools are also covered in this study. The study
states that MDM Programmme is really helpful in removing classroom hunger, increasing
enrollments and daily attendance of the children. Several steps are yet to be taken
to improve the implementation of the programme and to provide best quality of Mid
Day Meal to school children.
Achieving organisation excellence through diversity managementTapasya123
The globalisation of world trade, frequent mergers, acquisitions and increasing ethno
cultural diversity of markets is shaping the workplace of 21st century. The increasing
globalisation has led to interaction among people from diverse cultures, beliefs and
backgrounds than ever before. This interaction has given the new shape to the market
and organisation by inducing diversity into them. This existence of diversity has produced
not only differences in work ethics and religious differences but also benefitted the
companies by gaining a new insight from a management and marketing standpoint.
Diversity can’t be used as a competitive organisational strength unless it’s managed
effectively therefore diversity management supported by programs, activities and tools
acts as a strategic approach in managing and valuing diversity the key components
which directly or indirectly effects organisation productivity. So, the subject matter
of this paper focuses on how pursuing diversity management by an organisation can
lead to earn productivity at a competitive global arena. The discussion is based on
how successful diversity management, practices and programs make a huge difference
in retaining diverse customers and productivity of the organisation. The paper introduces
a framework for expanding the diversity management research towards conceptual
and empirical direction by focussing how diversity management is being positively
associated with organisation excellence and how an organisation considers it to be
a part of their work culture to earn that excellence.
Keywords:
Michael E. Porter, a Professor at the Harward Business School, is a noted
authority in the field of competitive strategy have immensely helped in
improving the ability of firms and other organizations to compete,
drawing on a rich understanding of the principles of competition. His
magnum opus Competitive Strategy, translated into nineteen languages,
has transformed the theory, practice and teaching of business strategy
throughout the world.
A study of consumer protection act, 1986 in Banking SectorTapasya123
The Consumer Protection Act, 1986, is one of the significant socio-economic legislation
which has been enacted for protecting the interests of the consumers in India. This
is preventive and compensative in nature. The Act is intended to provide simple, speedy
and inexpensive redressal to the consumers’ grievances, and relief of a specific nature
and award of compensation. Consumerism is fast emerging as an environmental force
affecting important business decisions as consumers become more aware about their
rights. Although comprehensive statutory measures have been provided in India for
curbing unfair business practices, for protecting consumer interest, and for promoting
consumerism; companies have yet to do a lot. This paper is a study on role of Consumer
Protection Act in banking sector and researchers tried to explain that how it affects
the major decisions of the firm.
Telecommunication sector a prime driver in accelerating india's economic growthTapasya123
Telecom sector plays an important role in supporting the growth of other
sectors of the Indian economy .Indian Telecom Industry has a multiplier
effect in the country and also contributes in the efficiency of the economy
India's internet industry is expected to contributes US$ 100 billion to
India's gross domestic product (GDP). With contributing of about 5.3% in
India’s GDP, telecommunications with Information Technology has
significantly accelerated the growth rate of the economic and social sectors
of India very clearly. In fact, the National Telecom Policy 2012 (NTP 2012)
works with a vision to transform the country into a more empowered and
inclusive knowledge-based country, using telecommunications as an
important platform. According to the World Bank, a 10% increase in
mobile penetration boosts per capita and GDP by 0.8% points in developing
nations. Through this paper researcher wants to discuss
telecommunication sector as a prime driver in accelerating India’s
economic growth. Indian Telecom Industry has a multiplier effect in the
country and also contributes in the efficiency of the economy.
Cost is the price paid for goods or services acquired from another person in concern
but for the business executive it is a significant item which must be dealt with according
to the purpose of its incurrence. The cost of a product occupy have an important
position in industrial sector. There are cornerstones of a business enterprise. If the
corner stone’s in the form of costs are out of tune the whole business structure will
cellarer under the stern of competition and technological development. A proper analyse
of costs enables an establishment to detect all source of waste in production and
marketing. It provides information of the management on the basis of which they can
control day to day operations of the industry. Costs can be classified and analysed
from the stand point of their relationship to accounting periods, behaviour, products
and departments. These components help in determining the actual cost incurred at
each level of production, which is used in reducing the cost and increasing the profit.
The determination and analysis of cost is used in cost control and effective management
decisions for maximising the profit for a particular product.
A survey on intelligent textile export business in rajasthanTapasya123
Rajasthan is traditionally rich for its Art-craft and textiles. We have
surpassed the initial stages of exploration and experimentation. Now there
is a need to raise our bar by working together with “Tradition” and
“Technology”. In this paper, we focus on the challenges and opportunities
for intelligent textiles in Rajasthan. There are many opportunities waiting
for intelligent product where Rajasthan may expand their export with
collaboration of tradition with technology and may create its remarkable
presence in the global market. The textile export of Rajasthan has
opportunity to expand itself in term of product and market diversification.
There is no doubt that manufacturer who have created niche market will
be better position to compete in the global market place and achieve
higher margins on products including greater profitability. This paper will
give over view of approaches including challenges and opportunities in
Rajasthan for intelligent textiles.
This document provides an acknowledgment and summary of a project report on working capital management at Jai Bharat Maruti Ltd. in Manesar, India. The 6-week project involved interviewing executives, collecting and analyzing company data. Key findings included acid test and current ratios below industry standards, high and increasing debtors, and increasing working capital needs. The author thanks those involved in the project, including the director, project guide, and HR officer for the learning opportunity.
The goal of working capital management is to
ensure that the firm is able to continue its operations and that
it has sufficient cash flow to satisfy both maturing short-term
debt and upcoming operational expenses. The current study
has concentrated on analysing the working capital
management of Larsen & Turbo Company based on their
liquidity, profitability positions and cash flow statements over
a decade. The study is based on secondary data collected
from the financial reports published in the official websites of
the company for a period of thirteen years from 2003-04 to
2015-16. The data have been analyzed using the financial and
statistical tools namely Ratio Analysis, cash flow and
Correlation Analysis. It has been found that the working
capital management of Larsen & Turbo is good and the
company has to improve its turnover ratios in the future.
This document provides an abstract for a study on working capital management at Integral Coach Factory in Chennai. It defines key terms like working capital, current assets, current liabilities, and discusses the concepts of gross working capital and net working capital. The objectives of the study are to analyze trends in working capital, examine liquidity and profitability, and offer suggestions. Statistical tools like ratio analysis will be used to test hypotheses about the relationship between liquidity and profitability, and factors influencing working capital.
study of WORKING CAPITAL of the RCF ltdMayuri332948
This project is based on the study of WORKING CAPITAL of the RCF ltd. An insight view of the project will encompass- what it is all about, what’s its aim to achieve, what is the purpose and scope , the various method used for collecting data and their sources.
Further For Clear Understanding For The User The Analysis Is Accompanied With Graphical Representation To Visualize The Performance And Progress Of The Company Through Graphs. The Interpretation Of The Result Is Done With The Established As Per The Guidance.
The working capital management refers to the management of current assets. A firm’s working capital consists of its investments in currents assets, which includes short-term assets and bank balance, inventories, receivable and marketable securities.
As The Research Has Done The Internship In The R.C.F Ltd. For Getting More Insightful And First Hand Information To Add Value Of The Project. And Thus By Getting the Expertise Guidance of the Company’s Personals and Professors of B.M.S And Got the Certificate for the same. This Ensures The Perfection Of The Analysis And Study.
Concluding With the Finding< Suggestion and Conclusion the Project
This document is a project report submitted by Jibin Babu to the Indian Institute of Planning and Management on working capital management at Lamiya Silks in Thrissur, Kerala from April to May 2012. It includes an acknowledgements section, table of contents, executive summary, and sections on the introduction to working capital, research methodology, company and industry overview, internship activities, assessment, conclusion, illustrations, and bibliography. The major purpose is to analyze Lamiya Silks' working capital management through evaluating annual reports and financial statements.
This document is a project report submitted by Jibin Babu to the Indian Institute of Planning and Management on working capital management at Lamiya Silks in Thrissur, Kerala from April to May 2012. It includes an acknowledgements section, table of contents, executive summary, and sections on the introduction to working capital, research methodology, company and industry overview, internship activities, assessment, conclusion, illustrations, and bibliography. The major purpose is to analyze Lamiya Silks' working capital management through evaluating annual reports and financial statements.
The main objective of this paper such as the Karachi Stock Exchange market development working capital management (WCM) on firm performance is to determine the impact. In this paper the chemical industry for the period 2009-2014 to 6 years for a sample of 22 firms Karachi Stock Exchange (KSE) working capital management and firm performance of different variables used for analysis . Working Capital Management to measure the variables that were used in this study are the number of recovery days , days in inventory and size , leverage , inventory , equity , sales and gross domestic product (GDP) numbers are control variables. Firm performance measure used in this study for the dependent variable is the return on assets. Firm size is positively affected by the firm’s profits. Firms whose profits are high, their working capital firms are not interested in management and firm performance. The result of the study and working capital is negative relationship between firm performance shows. Is a positive relationship between size and profitability? Firm size is increased or decreased profit increased or decreased respectively. Moreover, profits and principles that support the pecking order used by firms are negative relationship between debts.
The document defines key terms related to funds and cash flow statements. It explains that a funds flow statement shows how working capital is raised and used during an accounting period, while a cash flow statement reports cash inflows and outflows classified by operating, investing and financing activities. The objectives of both statements are to show how financial resources are obtained and used, assess the working capital position, and evaluate an organization's ability to generate cash flows.
Working Capital Management: An Essential Tool of Business Finance - A Case St...IOSR Journals
Working capital is an integral part of overall business finance for the smooth operations of a business enterprise. An optimal management of working capital is one of the pre-conditions for the success of an enterprise. Efficient management of working capital ensures that the business operating cycle keeps moving without any hurdles in terms of payment of liabilities and procurement of raw materials. Efficient management of working capital means management of various components of working capital in such a way that adequate amount of working capital and liquidity is maintained for smooth running of an enterprise. The flow of money gets choked, the supplies are interrupted and payments are delayed in the event of inefficient management of working capital. While inadequate working capital has the potential to disrupt production or sales operation and is a disastrous, excessive working capital has an adverse impact on profitability and is a criminal waste. Management of working capital is regarded as an essential tool of business finance focusing on maintaining optimum levels of both the components viz. current assets and current liabilities. Thus there is an imperative need to manage working capital effectively. In this study, we have selected National Plastic Industries Limited as a sample and taken the financial data for the period of five years from 2006-07 to 2010-11 and studied the effect of different components of working capital
IOSR Journal of Business and Management (IOSR-JBM) is an open access international journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
ANALYSIS OF FINANCIAL PERFORMANCE OF THOMAS COOK (INDIA) LTD. USING RATIO ANA...Anirban Chakraborty
ANALYSIS OF FINANCIAL PERFORMANCE OF THOMAS COOK (INDIA) LTD. USING RATIO ANALYSIS
This study gives in detail the analysis of various financial ratios based upon the past as well as
the present performance of Thomas Cook (India) Ltd. expressed in financial data. Based upon
the results from these financial ratios conclusions are driven out that whether the company has
been earning profits or not and also that how much it has used these results in its growth. So, the
company can also manage each of its current assets namely cash management, accounts
receivable management and also its liabilities like creditors, loans, bills payables etc. so that it
can maintain an identical financial ratio for each of its business aspects like solvency ratios,
turnover ratios, profitability ratios etc.
Management of working capital and expense analysis of nalcoRabinarayan1991
This document provides certificates from the organization and faculty guide for a project report submitted by Rabinarayan Sahoo on working capital management and expense analysis at National Aluminium Company Limited (NALCO). It includes declarations from the student and acknowledges those who provided assistance. The executive summary indicates the report aims to understand NALCO's liquidity position, working capital utilization, and evaluate various working capital management practices. It also provides an introduction to NALCO and the aluminum industry.
This document provides an introduction to financial management and ratio analysis. It discusses how financial management is important for resource allocation and profit maximization. Ratio analysis is also introduced as an important tool to study the financial position of companies by examining relationships between financial data points. The objectives, significance and methodology of ratio analysis are outlined. Limitations of ratio analysis for the study are also noted.
A study of working capital management at shree someshwar co operative sugar...Sushil Gaikwad
This document appears to be a project report submitted to Savitribai Phule Pune University on a study of working capital management at Shri Someshwar Sahakari Sakhar Karkhana Ltd. The report includes an introduction, organization profile, research methodology, data analysis and interpretation, findings, suggestions, and conclusion. It was submitted by Pravin Dattatray Jaypatre under the guidance of his professor to fulfill the requirements for a Master of Business Administration degree. The report aims to comprehensively evaluate the inventory, receivables, creditors and cash management practices at Shri Someshwar Sahakari Sakhar Karkhana Ltd. through the analysis of financial ratios over a five year period.
A Study on Funds Flow Analysis of Vital Pvt. Ltd., Tadaijtsrd
Finance is the lifeblood of every business activity without which the wheels of modern business organization system cannot be greased. Finance management is managerial activity, which is concerned with planning and controlling of the firms financial Resources. Finance is a scarce resource and it has to be managed efficiency for the successful functioning of any company. Several companies have come to grief mainly because of inefficient management of finance, in spite of other favourable conditions. This study explains the funds flow statement analysis of vital pvt. Ltd., Tada. R. Yugandhar | Dr. K. Haritha "A Study on Funds Flow Analysis of Vital Pvt. Ltd., Tada" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52025.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52025/a-study-on-funds-flow-analysis-of-vital-pvt-ltd-tada/r-yugandhar
Nwankwo, odi an empirical analysis of corporate survival and growth ijsaid ...William Kritsonis
The document summarizes a research paper on efficient working capital management as a prerequisite for corporate survival and growth. It discusses how working capital, consisting of current assets like cash, accounts receivable, inventory, and current liabilities, must be efficiently managed for a company to continue operating and growing over time. The researchers examined different aspects of working capital management, including inventory management, accounts receivable, cash position, and suggested measures to improve efficiency. Their findings showed that inefficient working capital management can lead to issues like excess inventory, inability to pay bills, and unproductive cash that hurts a company's survival and growth.
Nwankwo, odi an empirical analysis of corporate survival and growth ijsaid ...William Kritsonis
The document summarizes a research paper on efficient working capital management as a prerequisite for corporate survival and growth. It discusses how working capital, consisting of current assets like cash, accounts receivable, inventory, and current liabilities, must be efficiently managed for a company to continue operating and growing over time. The paper examines different aspects of working capital management, including reducing inventory levels, speeding up accounts receivable collections, and slowing payment terms for suppliers. It recommends that companies analyze factors like demand patterns and supplier lead times to optimize inventory and improve cash flow through better alignment of costs and customer payments.
Nwankwo, odi an empirical analysis of corporate survival and growth ijsaid ...William Kritsonis
NATIONAL FORUM JOURNALS (Founded 1982 (www.nationalforum.com) is a group of national and international refereed journals. NFJ publishes articles on colleges, universities and schools; management, business and administration; academic scholarship, multicultural issues; schooling; special education; counseling and addiction, international issues; education; organizational theory and behavior; educational leadership and supervision; action and applied research; teacher education; race, gender, society; public school law; philosophy and history; psychology, and much more. Dr. William Allan Kritsonis, Editor-in-Chief.
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Working capital analysis in rajasthan financial corporation
1. Working Capital Analysis in Rajasthan Financial Corporation
Working Capital Analysis in Rajasthan Financial
Corporation
Dr. Richa Singhal
Abstract
Working Capital management is concerned with the problems that arise
in attempting to manage current assets, current liabilities and
interrelationship that exists in between them. The success of an
organisation to a greater extent depends upon the effective management
of working capital. It guarantees financial soundness of organisation and
therefore keeps it away from sickness zone. This study is a modest attempt
in this direction by undertaking a study of working capital management.
Through present study researcher has tried to examine sources used by
Rajasthan Financial Corporation to finance their working capital
requirements and to analyse and evaluate working capital management.
The paper has also examined the liquidity position of Rajasthan Financial
Corporation. In order to examine and analyse, financial statements of
Rajasthan Financial Corporation are collected for the period of five years
from 2009- 2014 and ratio analysis was conducted and analysed to check
the working capital conditions of Rajasthan Financial Corporation.
Keywords: Ratio Analysis, Liquidity, Investment,
Introduction
orking capital is as important in a business firm as blood in a
human body. Each and every business concern should have
adequate funds to meet its day-to-day expenses and to
finance current assets viz., debtors, receivables and inventories. The
funds tied up in current assets are known as working capital funds. The
Assistant Professor, S. S. Jain Subodh P.G. (Autonomous) College, Jaipur
W
2. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 135
funds invested in these current assets keep revolving and are being
constantly converted into cash and this cash is again converted into
current assets. Therefore, working capital is also known as ‘circulating
capital’, ‘revolving capital’, short-term capital’ or ‘liquid capita’.
Literature Review
Dutta (2001), states working capital is the lifeblood of a business. It
plays a pivotal role in keeping the wheels of a business enterprise
running. However, the management of working capital is a delicate area
in the field of financial, involving frequent decision making concerned
with all those acts that influence the size and effectiveness of working
capital. A business firm must maintain a satisfactory level of working
capital. The inadequacy or mismanagement of working capital is one of
the leading causes of business failure. The profitability and liquidity of a
firm are directly influenced by the way its working capital is managed.
Therefore, main objective of working capital management is to arrange
sufficient funds from the best sources, at the right time, and maintain it
consistently, so that a trade off between liquidity and profitability can
be achieved.
Jaros (2006) explained even small improvements in Working Capital
performance can generate substantial shareholder value. It is
inarguably best source of new cash. Perhaps a company has already
made some improvements in this area, but how can an owner take this
to the next level within organisation? Naturally, most successful
initiatives begin with a plan. Through his paper, he provides suggestions
for plan by providing Focal Points, areas to analyse in organisation and
how these areas may be targeted for improvement, and a roadmap to
working capital improvement. Incorporating this six-step process into
plan has been shown to increase the probability of success in working
capital performance improvement initiatives.
Ben Mc Clure (2010) said that cash is the lifeline of a company. A good
way to judge a company's cash flow prospects is to look at its working
3. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 136
capital management (WCM). The better a company manages its
working capital, the less the company needs to borrow. Even companies
with cash surpluses need to manage working capital to ensure that
those surpluses are invested in ways that will generate suitable returns
for investors.
Objectives of the Study
Following are the objectives of study:
To examine the sources used by Rajasthan Financial Corporation to
finance their working capital requirements.
To analyse and evaluate the working capital management of
Rajasthan Financial Corporation.
To examine the liquidity position of Rajasthan Financial
Corporation.
To assess the critical factors which affect the working capital
management of Rajasthan Financial Corporation.
To give some suggestions for betterment of working capital
management on basis of findings of study.
To open new vistas for future research.
Research Methodology
The study is being confined to Rajasthan Financial Corporation for 5
years, viz. 2009-10 to 2013-14. This period is considered to be
sufficient enough to reveal various fluctuations and reach valid
conclusions thereof. Research is exploratory in nature and attempts to
have a deep insight into the working capital structure of the said unit.
The data has been collected from Annual Reports and accounts of
Rajasthan Financial Corporation for period from 2009-10 to 2013-14.
The collected data has been analysed by applying various accounting
and statistical tools such as, working capital trend and ratio analysis.
4. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 137
Concept of Working Capital
The word ‘working capital’ is the combination of two words the word
‘working’ with reference to capital means revolving or circulating-
capital means changing of capital from one form to another form during
day-to-day activities of the business, whereas, the word ‘capital’ refers
to monetary values of all assets of business. Thus, to understand its real
meaning, it is must to understand and analyses its various concepts.
The working capital has following concepts:
(1) Gross Working Capital Concept (2) Net Working Concept
Gross Working Capital Concept: The Gross working capital concept of
Working capital emphasizes on quantity of capital rather than quality of
capital. The economists like Mead, Backer and field, Bonneville, J.S. Mill
and Adam Smith are main proponents of this concept.
Management point of view is more appropriate regarding this concept
because management has to concentrate on proper use of current
assets only. Normally management is less serious about current
liabilities. So, this concept is called as quantitative, because emphasis is
on quantity (Quantum of Current Assets) then its quality (True financial
position). This concept provides the figure of total funds required for
current assets and not current liabilities, thus it does not show true
picture of firm.
Net Working Capital Concept: According to this concept working capital
is the excess of current assets over current liabilities. The net working
capital may either be positive or negative. When current assets exceed
current liabilities, working capital is positive or vice versa. Generally, a
situation of negative working capital does not exist. It is an indicator of
financial crisis.
Net Working concept measures the firm’s liquidity position. According
to this concept, an increase or decrease in current assets would not
affect net working capital if there is a corresponding increase or
5. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 138
decrease in current liabilities because the difference between current
assets and current liabilities will remain the same. This concept is
useful only for accountants, investors, creditors, or those persons who
have interest in liquidity and financial soundness of the firm.
From the above discussion it is very clear that both the concepts are
significant, therefore due attention should be given to both the
concepts. A firm should maintain sufficient level of working capital
whatever is concept. This will help the firm to avoid liquidity problem
due to insufficient working capital.
As already discussed, an efficient working capital management is
inevitable for the smooth day-to-day running of any business firm. Here,
working capital management will be analysed in the said unit with
respect to following aspects:
. Trend of Working Capital;
. Financial Analysis;
Working Capital
Working capital of Rajasthan Financial Corporation has shown an
increasing trend throughout the study period. Initially in 2009-10, the
amount was Rs. 662.51 crore which increased to Rs. 670.19 crore in
2010-11, Rs. 769.49 crore in 2011-12, then increased to Rs. 791.87
crore in 2012-13 and reached up to Rs. 801.14 crore in the final year
2013-14. Also, there was a continuous increment in the working capital
throughout the study period which is an indication of good
management.
Trend of Working Capital
The formula for calculating the indices value is as follows:
Indices = Current year’s value/ Base year’s value ×100
The trend of working capital for Rajasthan Financial Corporation can be
seen for the selected period of present study in following table:
6. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 139
Table 1: Working Capital Indices of Rajasthan Financial
Corporation (2009-10 to 2013-14)
Year Working Capital
(Rs. In Lakhs)
Indices
(2009-10=100)
2009-10 662.51 100.00
2010-11 670.19 101.16
2011-12 769.49 116.15
2012-13 791.87 119.53
2013-14 801.14 120.92
Source: Annual Reports and Accounts of Rajasthan Financial Corporation
It can be seen from Table1, the indices number has an increasing trend
throughout the study period. Taking 2009-10 as base year and its
indices number equal to 100, the indices number for 2010-11 was
101.16 which increased to 116.15 in 2011-12, increased again to
119.53 in 2012-13, inclined and reached up to 120.92 in final year of
the period under study 2013-14. It indicates that working capital of
Rajasthan Financial Corporation increasing year to year continuously.
Table: 2 Working Capital Indices of Rajasthan Financial
Corporation (2009-10 to 2013-14)
Year Working Capital
(Rs. In Lakhs)
Trend Value
(y*c)
2009-10 662.51 652.06
2010-11 670.19 691.95
2011-12 769.49 731.84
2012-13 791.87 771.73
2013-14 801.14 811.62
Source: Annual Reports and Accounts of Rajasthan Financial Corporation
(y*c) stands for computed value of working capital of Rajasthan
Financial Corporation during the period under study based on the least
square equation of y a bx c = + , where the equation comes to y c =
731.84 +39.89 x (origin of x is 2009-10, x is in unit of years and y is in
lacs of rupees)
7. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 140
Liquidity Pattern
To analyse liquidity and working capital condition of the company,
working capital management have been analysed by Financial
techniques i.e. Ratio Analysis. The collected data have been analysed by
the ratios like: working capital ratio, quick ratio, absolute cash ratio and
working capital turnover ratio.
Working Capital Ratio
Working Capital Ratio is a general and quick measure of liquidity of a
firm. It represents the margin of safety or cushion available to the
creditors. It is an index of the firm’s financial stability. It is also an index
of technical solvency and an index of the strength of working capital. A
ratio equal to or near 2: 1 is considered as a standard or normal or
satisfactory. The idea of having doubled the current assets as compared
to current liabilities is to provide for the delays and losses in the
realisation of current assets. It is shows ratio of Current Assets to
Current Liabilities.
Working Capital Ratio = Current Assets / Current Liabilities
From the table, it can be analyse that the ratio was 4.31 times in the
year 2009-10 which slightly decreased to 4.17 times in the year 2010-
11 but increased to 4.81 times in the year 2011-12 and afterwards went
on decreasing during the next two years. It was 4.78times and 4.64
times in the year 2012-13 and 2013-14 respectively.
The average for Rajasthan Financial Corporation came 4.54 times which
indicates a significant liquidity position of the financial corporation.
Quick Ratio
Quick ratio is also known as liquid ratio or acid test ratio. This ratio
measures the liquidity of a business by matching its cash and near cash
current assets with its total liabilities. It helps us to determine whether
a business would be able to pay off all its debts by using its most liquid
8. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 141
assets (i.e. cash, marketable securities and accounts receivable). Rule of
thumb for acid test ratio is 1: 1 i.e., if business liquid assets are 100
percent of its current liabilities it is considered to be having fairly good
current financial position.
Quick ratio = Liquid (quick) assets / Current Liabilities
From the table, it can be analyse that the ratio was 3.34 times in the
year 2009-10 which slightly decreased to 3.11 times in the year 2010-
11 but increased to 3.63 times in the year 2011-12 and afterwards went
on decreasing during the next two years. It was 3.59 times and 3.52
times in the year 2012-13 and 2013-14 respectively.
The average for Rajasthan Financial Corporation came 3.44 times which
indicates a significant liquidity position of the financial corporation.
Absolute Cash Ratio
Absolute Cash ratio is the ratio of cash and cash equivalents of a
company to its current liabilities. It is an extreme liquidity ratio since
only cash and cash equivalents are compared with the current
liabilities. It measures the ability of a business to repay its current
liabilities by only using its cash and cash equivalents and nothing else.
Since absolute liquidity ratio lays down very strict and exacting
standard of liquidity, therefore, acceptable norm of this ratio is 50
percent. It means absolute liquid assets worth one half of the value of
current liabilities are sufficient for satisfactory liquid position of a
business.
Absolute Cash ratio = Absolute liquid assets / Current liabilities
From the table, it can be analyse that the ratio was 0.25 times in the
year 2009-10 which slightly decreased to 0.24 times in the year 2010-
11 but increased to 0.47 times in the year 2011-12 and afterwards went
on decreasing during the next two years. It was 0.22 times and 0.34
times in the year 2012-13 and 2013-14 respectively.
9. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 142
The average for Rajasthan Financial Corporation came 0.31 times which
indicates a significant liquidity position of the financial corporation.
Working Capital Turnover Ratio
This ratio represents the number of times the working capital is turned
over in the course of year. The working capital turnover ratio measures
the efficiency with which the working capital is being used by a firm. A
high ratio indicates efficient utilisation of working capital and a low
ratio indicates otherwise. But a very high working capital turnover ratio
may also mean lack of sufficient working capital which is not a good
situation.
Working Capital Turnover Ratio = Net Sales / Net Working Capital
The working capital turnover ratio of Rajasthan Financial Corporation
during the period under study has been calculated in the following table
3.
Liquidity Ratios of Rajasthan Financial Corporation
(2009-10 to 2013-2014)
Year Current
Ratio
Quick
Ratio
Absolute
Cash Ratio
Working
Capital
Turnover Ratio
2009-10 4.31 3.34 0.25 0.18
2010-11 4.17 3.11 2.24 0.19
2011-12 4.81 3.63 0.47 0.18
2012-13 4.78 3.59 0.22 0.22
2013-14 4.64 3.52 0.34 0.26
Average 4.54 3.44 0.31 0.206
It is evident from the table working capital turnover ratio of Rajasthan
Financial Corporation showed the consistent policy during whole
10. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 143
period under study. The ratio varied between 0.18 to 0.19 between the
year 2009-2010 to 2011-2012 which shows that the corporation was
following a consistent policy towards the use of working capital.
The average working capital turnover ratio of Rajasthan Financial
Corporation was 0.206 of the said period. The management of
Rajasthan Financial Corporation should explore further chances of
making an effective use of working capital to increase the amount of
operating revenue.
Observation and Findings
In present study, it has been found that ratios are the guiding star for
any organisation. They play a vital role in measurement of business
performance of financial institutions. They act as an early warning
system for adverse trading condition. Following are the main conclusion
of analysis of:
Working Capital Ratio of Rajasthan Financial Corporation is very high to
the standard or the ideal value i.e. 2:1, which shows more funds, would
be employed in unproductive uses which do not fetch any return.
Quick ratio of Rajasthan Financial Corporation is also high to the
standard or ideal value i.e. 1:1 which indicates under- stocking.
Absolute Cash Ratio of Rajasthan Financial Corporation is very close to
the standard or ideal value i.e. 0.50:1 which shows its ability to meet its
current obligations in time without relying upon the realisation of stock
and debtors.
Working capital turnover ratio of Rajasthan Financial Corporation
seems to be little low before the period of 2012 which shows under-
trading i.e. funds are not being utilised efficiently and after the period of
2012 it increases a bit high then average, indicates efficient
management of working capital or over-trading i.e. low investment in
working capital and more profits.
11. Professional Panorama: An International Journal of Management & Technology
Working Capital Analysis in Rajasthan Financial Corporation 144
Conclusion and Suggestions
In order to increase net profit margin of Rajasthan Financial
Corporation, it is suggested that management should have a control
over increasing operating, administrative and other expenses. The
requirement of working capital should be properly assessed in view of
the present availability of the concern. This will help the management
to avoid any over-investment or under-investment in current assets.
Various factors affecting the requirement of working capital in a
concern, like nature of business, production policies, etc. must be
considered and kept in mind while estimating the need of working
capital.
A proper combination of long-term and short-term sources should be
employed to finance working capital requirements, both of permanent
nature and temporary nature. The accepted norm should also be
considered with the personal choices while financing of working
capital. As a rule, the permanent working capital should be financed by
long-term sources, preferably the equity, while the variable working
capital should be financed from short-term sources only. The general
norm of current ratio and liquid ratio of 2:1 and it should be kept in
mind and strictly followed while maintaining the short-term solvency
position of the concern. There should be a more efficient utilisation of
current assets by the management. Increase in sales should correspond
to the increase in current assets. Individual attention should be paid to
the management of each component of current assets, viz. inventories,
receivables, cash, etc.
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