Companies based on single product (Bottles) only. Changes in Economic Activity. like helmets, ear plugs, safety shoes, googles etc. classifications were stable over the 1951-1969 time periods. This ratio is also known as profit-to-assets ratio. incorporated as a joint venture with ACI INTERNATIONAL a USA based MNC. There are, different parties interested in the ratio analysis for knowing the financial position, of a firm for different purposes. the ratio, Composite (or) inter statement ratios: These ratios exhibit the relation, between a profit & loss account or income statement item and a balance. into a batch of several tones using common glass batch calculation procedures. However, effective management working capital has been receiving little attention and, yielding more significant results. With modernizations, up gradation and foresight to, meet the emerging and more distinctive demands of the customers, the group is all, set for unprecedented achievements. Ratio analysis is a powerful tool for financial analysis. Joshi (Officer Training & Placement Incharge) for, guiding me and helping me out to complete this Dissertation. Descriptive Research design is appropriate for this study. 5. Generally powered by, compressed air, the mechanisms are timed to coordinate the movement of all these, The most widely used forming machines arrangement in the individual section, machines invented in 1903 by Michael J Owens in Illinois. The Table, shows that inventory in 2007 is 101.29 Cr. Project Report Of Ratio Analysis - [PDF Document] project report of ratio analysis Home Documents Project Report Of Ratio Analysis of 78 1 1 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.) A PROJECT REPORT ON WORKING CAPITAL & RATIO ANALYSIS UNDERTAKEN AT HINDUSTAN NATIONAL GLASS & INDUSTRIES LTD. Year 2010 2012 and has not been submitted to any other University or Institute towards the award of any degree. Several ratios calculated from the accounting data can be grouped into various classes according to financial activity or function to be evaluated. (PDF) Ratio analysis report | Edwin C Mbwambo - Academia.edu Ratio analysis | ACCA Qualification | Students | ACCA Global Bottles have various added, services such as Etching (Absolute Raspberry/Ruby Red) and applied Ceramic. The inherent limitations of ratio, analysis should be kept in mind while interpreting them. Upadhya (Personnel Manager), and Mr. B.D. 6. To study the present financial system at HNG Ltd. 2. The overall profitability can be known. It is beneficial to management of the company by providing crystal clear picture. The short term obligations are met by, realizing amounts from current, floating (or) circulating assets The current assets, should either be calculated liquid (or) near liquidity. to buy shares in a particular company. Current Ratio is calculated by dividing current assets by current liabilities (Warrad, 2014) found that current restrictions on stock returns had a small but positive influence; meanwhile,. Referring standard texts and referred books collected some of the information, 3. This is done by reading the mould number, on the container by the mould that made it. The batch is mixed and sent to silos over the furnaces. How to measure the financial position of the company with the help of ratio analysis? They found that, most companies in Sri Lanka have informal working capital policy and company, size has an influence on the overall working capital policy (formal or informal), and approach (conservative, moderate or aggressive). Computer systems collect faults information to, the mould that produced the container. services sales agents; and real estate brokers and sales agents. Off site printing facility with 3 decorating lines, 14 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), To strive to be a major International producer of, quality Containers glass by consistently following, techniques in an environment Friendly manner, with active involvement of its Employees to meet, the needs of its Customers and stakeholders so, as to achieve Sustainable development and long, 15 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), RAW MATERIAL USED FOR FORMATION OF GLASS & ITS, Raw Materials required in the organization are ore obtained from various mines, Silica sand (mineral) - Former material (main agent) >SiO2 from. At present the factory business strategies are not driven by Core, Absence of raw material near the factory place. The term liquidity refers to. 40 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.). colleges and universities, sponsor numerous national and local training programs. He observed that more emphasis is given to. 23 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), Mr. C.K Somany is acknowledged expert in a glass technology and is, providing policy guidelines for the Management and administration for the, company. assets is more than its current liabilities. The sales policy of HNG Industries Limited includes the following: Company maintains the goodwill of all the customers. Those with extensive experience and access to. They also manage the organizations insurance, budget. RATIO ANALYSIS Objectives: After reading this chapter, the students will be able to Construct simple financial statements of a firm. They oversee the investment of funds and manage, associated risks, supervise cash management activities, execute capital-raising. I, would also like to thank to my esteemed Faculty Miss Jatinder Kaur, (Training Co-ordinator) and Miss. The study also showed a high and, significant negative correlation between industry asset and liability policies and, found that when relatively aggressive working capital asset policies are followed. Filbeck G and T Krueger (2005), Industry Related Differences in Working Capital. At the cold end the layer of typically, polythene wax is applied via a, water based emulsion. He analyzed selected Co-operatives in Botswana, for a period of 1993-1997 and concluded that an aggressive approach has been, followed by these firms during all the four years of study. Net profit ratio establishes a relationship between net profit (after tax) and sales, and indicates the efficiency of the management in manufacturing, selling. less or not too excess. Calculation of appropriate ratios from the above data. But there is nothing to be, worried about the lack of cash because company has reserve, borrowing power &, long term investment. If current assets increase with the corresponding increase in profit, it will, 56 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), Component of Current Assets to Fixed Assets Ratio , The primary objectives of business undertaking are to earn profits. Year Absolute Liquid Assets Current Liabilities Ratio, This Table shows that there is increase in current assets in 2008 to 2010. Capital invested in the business may be classified as long-term, and short-term capital or as fixed capital and working capital or Owned Capital, and Loaned Capital. Descriptive study is used to study the situation. 8 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), At the very outset, I would like to give my heartiest thanks, to, the Management & Staff of Hindustan National Glass & Industries. The company should try to reduce the inventory, Debtors constitute a substantial portion of total current assets. Associate company Ace Glass Containers Ltd has manufacturing capacity at, Rishikesh (flint and green, six lines) and Pondicherry (flint, four lines). Usually, a high inventory turnover indicates efficient management of, inventory because more frequently the stocks are sold; the lesser amount of money, The Inventory Turnover Ratio is decreasing which is not a good sign for the, company. Management. Some financial managers transfer to closely related, positions in other industries. This is the. Glass Furnaces typically operates and energy, recovery scheme known as regeneration. Sathyamoorthi (2002) focused on good corporate governance and in turn effective, management of business assets. 1100 crore. 3. Many ratios are available, but some, like the price-to-earnings ratio and the . Financial managers who work for, financial institutions must keep abreast of the rapidly growing array of financial, In addition to the general duties described above, all financial managers perform, tasks unique to their organization or industry. The, Manufacturing of glass for every day process may be complex process. The ratio is calculated to make an estimate of appreciation in the value, of a share of a company and is widely used by investors to decide whether (or) not. Here the gross profit increase in 2010 but still, the company has not enough gross profit and HNG Ltd profit margin increase. profits. Post amalgamation HNGIL un-. of the firm and no slow movement of the stock due to damaged goods. A very, high ratio indicates a conservative dividend policy and increased ploughing back. assets are more than its current liabilities. Working capital turnover ratio=cost of goods sold/working, It is also known as sales to fixed assets ratio. information was utilized for calculating performance evaluation and based on that, 1. To browse Academia.edu and the wider internet faster and more securely, please take a few seconds toupgrade your browser. Financial managers work in comfortable offices, often close to top managers and, to departments that develop the financial data these managers need. But when we, calculate the figure is less 0.011 in 2007, 0.082 in 2009 and 0.018 in 2011 that, means the company was not able to satisfy its primary cash requirement with cash, generation by operation. This shows company has no liquidity, Inventory conversion period shows that how many days inventories take to, convert from raw material to finished goods. Introduction of the latest automation practices has also led, to reduce labour costs, workforce having dropped by two-thirds in the. Adoption and implement of quality utilization of requirement of ISO: Continuous up gradation of technology for optimum utilization of resources and, manufacturing products in cost effective manner, Imbibing the culture of, continuous quality improvement through motivation and plant training of all, Specimen of various standardizes forms being used in this company for carrying, out the various functions of purchase department as describe is enclosed at the, 19 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.). Funds are invested in various assets in business to make sales and earn profits. The buffer should be, maintained in case of emergency. The sections are in a row and the gobs feed into, each section via a moving chute, called the gob distributor. The efficiency with which assets are managed directly affect the volume of sales. Some earlier work by Gupta and Heffner (1972) examined, the differences in financial ratio averages between industries. PDF RATIO ANALYSIS-OVERVIEW Ratios - New York University Because. They use of ratios as a, tool of financial analysis involves the comparison with related facts. in the annual reports of the company. zones of India. Operating profit ratio is calculated by dividing, Operating profit = Net sales - Operating cost, 59 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), Price earnings ratio is the ratio between market price per equity share and earnings, per share. (PDF) ANALYZING COMPANIES PERFORMANCE USING FINANCIAL RATIOS - ResearchGate By taking into consideration the debt equity ratio in. However, Weinraub and, Visscher (1998) have discussed the issue of aggressive and conservative working, capital management policies by using quarterly data for a period of 1984 to 1993, of US firms. debt, and when or whether to pay dividends to shareholders. Exports to south east, Middle East, Africa and First world countries on Europe & North America, Its spirit to ascend newer parameters remains as insatiable as ever. The above Table is depicting that there is increase in, 68 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), debtors. Proficiency in a foreign language also may be important. Ratio analysis is a technique of analysis and interpretation of financial statements. The Ideal quick ration is 1:1, Company Quick ratio is, more than the ideal ratio. Increase in demand in existing line of business. 73 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), 74 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), BALANCESHEET OF HINDUSTHAN NATIONAL GLASS AND INDUSTRIES LIMITED, Total Share Capital 11.04 11.04 17.47 17.47 17.47, Equity Share Capital 11.04 11.04 17.47 17.47 17.47, Share Application Money 0.00 0.00 0.00 0.00 0.00, Preference Share Capital 0.00 0.00 0.00 0.00 0.00, Reserves 150.11 183.10 740.11 813.95 926.07, Revaluation Reserves 40.57 33.89 106.02 103.77 99.23, Networth 201.72 228.03 863.60 935.19 1,042.77, Secured Loans 156.56 178.85 287.22 415.24 548.62, Unsecured Loans 89.63 67.84 130.28 91.11 16.11, Total Debt 246.19 246.69 417.50 506.35 564.73, Total Liabilities 447.91 474.72 1,281.10 1,441.54 1,607.50, Gross Block 534.04 559.63 1,257.46 1,378.99 1,661.49, Less: Accum. Only one of its kinds in the new state called Uttaranchal. This is out by automatic machines, (palletizes) which arrange and stack containers separated by layer sheets. analysis and use it to offer senior managers ideas on how to maximize profits. The. velocity indicates inefficient management of inventory during the year 2009. The short term obligations of a firm can be met only, when there are sufficient liquid assets. However, many, employers now seek graduates with a masters degree, preferably in business, administration, economics, finance, or risk management. This means that the company growing is in fluctuation every year. The authors have concluded that the industries had distinctive and, significantly different working capital management policies. With the, approval of Humble High Court the unit stands merged with patent company M/S, HINDUSTAN NATIONAL GLASS & INDUSTRIES LIMITED, and is, HINDUSTAN NATIONAL GLASS & INDUSTRIES LIMITED is a, manufacturer of all varieties of glass bottles/vials. This study different describes a comprehensive profitability analysis that introduces several novel ratios and He is a noted Industrialist in the, 24 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), Vice President (Glass & Ceramics) Mr. A.C Jain, Vice President (Exports) Mr. Devdutta Hoare, 25 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), Commercial Senior Manager Mr. Rajeev Gaur, Machine Manager Production Mr. Vikas Jain, 26 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), Officer (Training & Placement Incharge) Mr. I.S. following are the four steps involved in the ratio analysis. 37 Summer Training Project Report (Working capital and Ratio Analysis Of HNG Ltd.), In some cases, financial managers also may broaden their skills and exhibit their, competency by attaining professional certification. (Pdf) a Study on Ratio Analysis at Amararaja Batteries Limited (Arbl) a increasing credit is competition and company liberal credit policy. In the case of press and blow, the parison is formed by a metal plunger, which pushes the glass out into the blank mould. Suppose the ratio comes to be 1:2 or 0.5:1, it says that for every Rs 1, financed by debts, there is Rs 2 being brought in by the equity shareholders. Automatic, machines inspect for a variety of faults. regulations, and the proliferation of new and complex financial instruments. the work in finance department in followed. The study has great significance and provides benefits to various parties whom. Because profit. (PDF) Financial Ratios Analysis of Nestle - ResearchGate Return on share holders investment, popularly known as Return on investments, (or) return on share holders or proprietors funds is the relationship between net. The temperature is limited by the quality of the furnace superstructure material, and by the glass composition. This study helps to describe the, situation. The technique GEIL was created in 1974 and specializes in the manufacture of glass forming, equipment. Personal bias:- Ratios are only means of financial analysis and an end in it self.
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