swastik ceramica nandasan report
TRANSCRIPT
AKIK TILES Pvt Ltd.
P reface
An activity is the most important and best way of commitment. It is biggest in
the world. Commitment requires specific contribution of spoken sentences. The
requirement of committee is learning at Beachlore of Business administration (BBA).
It provided various types’ management to student as personnel management,
Marketing Management, Financial management etc. It is provided both theoretical and
practical knowledge. Theoretical knowledge provided at class room which have limits.
They provided also practical for extra knowledge to develop personality.
The North Gujarat University, Patan provides such type courses to
management students. They wants to make top level manager from them university. It
fulfills all kinds for management study. They have one branch in Himatnagar as
H.N.S.B. College of Management Studies. I am studying in S.Y.BBA at Himatnagar.
As Diwali practical I have visited “AKIK TILES PVT LTD” which located at
Nandasan, Mehsana. I am very great full co-operative and necessary guidance and
help.
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AKIK TILES Pvt Ltd.
Acknowledgement
I am indicated sincere obliged to my entire supported people who have
respectably suggested me and share them knowledge for me. I have also obliged for
them persons who help me to prepare this project report of my SY BBA.
In the begun I have liked to oblige Principal Samir Vohra and prof. soeb
monsuri and other professor sir who provided me this kind of privileged to work with
AKIK TILES PVT LTD.
I also obliged to all professors who suggested and guided to my project
report as special prof. Soeb Monsuri, Prof Nilesh Patel, prof. Sunil Shah. I would like
to say thanks a lot to unit member of AKIK Tiles Pvt Ltd.
At last I might acknowledged to all entire project guide and them
knowledge to me.
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AKIK TILES Pvt Ltd.
GENERAL INFORMATIONGENERAL INFORMATION
Sr. No. PARTICULARPAGE
No.
1 History and development:-
2 Executive summary:-
3 Organization structure:-
4 Time keeping system:
5 Location:-
6 Manufacturing process
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AKIK TILES Pvt Ltd.
1. HISTORY AND DEVELOPMENT :-
Akik tiles pvt ltd situated at Nandasan, Mehsana is expanding very fatly in
India now. It was established since year 2002 at Nandasan Mehsana. It has certified
through ISO 9001-2000 and also using world class technology of “SACMI” from
Italian techno group. It covered most of market of India. The products of it are
required well in market. The products are demanded by architects, interior, designer,
constructions and the king of market customers because the products are distinctive
which comes from irreplaceable qualities of the tiles.
They are producing floor and wall tiles in various size like 12”×12”, 16”×16”,
20”×20” and 250 designs. They also producing the vitro metro porcelain, joint less and
dirt free ceramic floor tiles.
It is now grow more as successful company.
2. EXECUTIVE SUMMARY:-
The akik tiles pvt ltd is one of the middle largest ceramic company in the
India. This plant of firm is highly Italian technology oriented it has covered most of
Indian market.
I have been visited Akik tiles Pvt Ltd. as Diwali training. I studied about the
situation of the company and keeps analysis of the financial statement as special ratio
analysis.
The ratio analysis is very useful for the business financial decision making by
management. It is also show the company financial position which all learnt. In class
room and practical are different which show at industrial visit. I have been taken
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AKIK TILES Pvt Ltd.
summery detail under the chief accountant Mr. Nimesh patel regarding the finance. It
has main purpose to take managerial decision of the financial statement.
3. NAME OF THE UNIT:-
AKIK TILES PVT LTD.
4. BRAND NAME :-
SWASTIK TILES
5. ADDRESS OF UNITES :-
AKIK TILES PVT LTD
At & Po.: Nandasan
Ta. Mehsana – 382706
Dist.: Sabarkantha
Gujarat, India.
Phone: +91-2764-273370,273595
Fax: +91-2764-273370
E-mail: [email protected]
Website: www.swastiktiles.com
6. SIZE OF UNIT :-
Large scale unit
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AKIK TILES Pvt Ltd.
7. FORM OF ORGANIZATION :-
Privet limited co.
8. AUDITOR:-
Mr. S.K.Sutaria
9. ORGANIZATION STRUCTURE:-
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chairman
vise president
general manager
Personnel departmet
Marketing department
managing director
general manager
finance department
accounting
assistence
production
lab superior
worker
AKIK TILES Pvt Ltd.
10. TIME KEEPING SYSTEM:-
The most important part of production department is the time keeping system
for worker and registration system for white colur jobber. They keep three shifts for
the blue colure jobber which as under:
1.8.00am to 4.00pm
2.4.00pm to 12.00am
3.12.00am to 8.00am
The time keeping system is very useful function in the unit through it firm
know how is regular them worker. It also useful to calculate salary, wages for worker.
11. LOCATION:-
Any industry requires basic facility from the location where the promoter
starts the business. In the location include primary requirement of the firm like water,
electricity, raw material and worker etc. Location is play most important function for
the firm or company.
As per Akik tiles Pvt Ltd has most advantage place and availability of the
basic need at the Nandasan, Mehsana.
12.MANUFACTURING PROCESS:-
This firm production process is mostly based on the technology because they
converted raw material into finished goods. The process of manufacturing is as below:
Raw material department
Raw material stores which needs to make finished goods. Akik tiles Pvt Ltd
store, clay, beaker, phlesper etc as raw material. They are consume the raw material as
per them proportion. The loaded machine are automatically weighted and
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AKIK TILES Pvt Ltd.
automatically loaded into boil mill by using conveyer system. In the boil mill keep for
aroused 16 hours then it converted in to the liquid and take further steps for the raw
material.
Spray dryer
Converted raw material in to liquid is taken for the spray about 80-90 feet
with using Italian pump and converted in to powder from the liquid which goes to
press.
Press:
The powder converted from the liquid is taken in to presser machine and
convert powder in to green tiles. This machine can take 400 kg/cm2 with kvt. That
means 2000 tone.
Glaze line & kiln
Here, green tiles direct goes in to vertical dryer and get some hardness at this
stage and it goes on a glaze line like dish flow bell and low scrapper, compensator
printer etc. This tiles goes in to the loading machine and then goes directly in to kiln.
At here the tiles takes 35-40 minutes to conversion for the consumption for
the goods. At here the tiles keeps under the 1200 degree Celsius temperature in the
kiln machine and after goes to size and finishing work.
Sizing &chambering machine:-
Here the tiles go for the sizing and chambering. Where products are converted
in to joint less product.
Store
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AKIK TILES Pvt Ltd.
The finished tiles go for the store. Here three class for the tiles like first class,
second class and standard or commercial tiles. The tiles classified on automatically
machine based and keep as go down.
PERSONNEL MANAGEMENTPERSONNEL MANAGEMENT
Sr. No.PARTICULAR
Page No.
1 Introduction 2 Organization structure3 Recruitment4 Selection5 Induction6 Training &development7 Job description8 Promotion9 Transfer10 Performance appraisal11 Wages &salary12 Working ESI scheme 13 Provident fund scheme14 Grievance handling15 Collecting Bargaining16 Personal record
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AKIK TILES Pvt Ltd.
1. INTRODUCTION: -
Personnel management is the planning, organizing, directing and controlling of
compensation integration, and maintaining of people for the purpose of contribution to
organizational individual objective. Personnel management is hand and leg of the
organization which is basically needed for every types of firm. There is placed all parsons
from top level to lower level. At top level place high knowledge persons and lower level
place low knowledge persons.
In short the personnel management is the arrangement of the people in the
organization who is developed the firm and achieve maximum growth of the business.
2. ORGANIZATION STRUCTURE :-
The structure of personnel management in the AKIK tiles pvt ltd is followed
straight line system which is as bellowed:
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AKIK TILES Pvt Ltd.
3. RECRUITMENT: -
Recruitment is fulfilling the firm vacancy. Firm got the application from the person
or invited to candidates for application. There are three types of the recruitment as direct
method, indirect method and third party method. This firm use any method as per vacancy.
For the interview unit give the advertisement in Gujarat Samachar or Sandesh mostly. For
lower level employees (workers) firm contact to the labour contractor.
4. SELECTION: -
Selection is that activity where person or employees select for the particular vacancy
with particular qualification. Akik tiles pvt ltd use the selection process for the vacuums
the vacancies. They are invited candidate for interview with using the advertisement
system. They are given the advertisement in news paper. After the collecting the
application and called the qualified candidate for the basic interview by the manager.
Finally gets the job that person who stable for interview. The steps of selection process are
as under:
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General Manager
Manager of employee
Assistant manager
officer{supervisior}
Worker
AKIK TILES Pvt Ltd.
5. INDUCTION :-
The person placed for the job purpose to them firm introduce the firm facilities,
policies, to show the all the department in the induction period. In this firm the induction
period is about 1to2 week for the upper level employees.
6. TRAINING & DEVELOPMENT :-
Training is growing the working skill of the employee. It required for all level
management and all persons who working in the organization. To increase the skill and
developed employees is most significant of the training. Akik Tiles Pvt Ltd is following two
types training for the employee.
On the job training :-
Off the job training :-
{A} ON THE JOB TRAINING: -
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AKIK TILES Pvt Ltd.
Akik tiles pvt ltd provided on the job training as special for the new worker who
work on the machine and at production department. They are also giving training for special
project. They gave training as blow:
Specific job
Rotation of position
Apprenticeship
Special project
{B} OFF THE JOB TRAINING :-
Off the job training provided by akik tiles to high and lower employee. They
are keeping the conference, management game, cases, role playing etc. For the training
the employee and increasing them skill and interest for them work.
7. JOB DESCRIPTION: -
For the job analysis the job description is best way. It is theses document which
show employees interest for work, duty, responsibility, using of the authority. This
documents more use full to managerial decision like promotion and demotion of the
employees. In short job description shows the performance of the worker. Akik tiles pvt ltd
also focuses and using of the job description for the top, middle and lower level
employees.
8. PROMOTION: -
Promotion is the best ways to promote the worker. It is increasing the
employee’s salary and working statues, facilities, authority, and responsibilities.
Promotion making in this unit by using performance appraisal data and fulfil the
vacancy. The policy for the promotion from this unit to motive the employees for
promotion and nobody do not dimities for the work.
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AKIK TILES Pvt Ltd.
9. SENIORITY OF EMPLOYEES: -
The person who working for long time in the organization then he is able to
promotion for top level employees then unit keep in mind seniority education. This
option is also adopt by company in same case.
10. TRANSFER: -
Transfer is the change the post of employee with same responsibilities,
authority and salary, status. This unit mostly transfer them employee in production
department because there are employee being boring with same work. Akik tiles
transfer them production department employees mostly to refresh from them work.
11. PERFORMANCE APPRAISAL SYSTEM: -
The performance appraisal is an important function of the personnel
department. It keeps watch on the employee it is mostly shows the employee
performance regarding the selection promotion, demotion, transfer and any other
facilities related to the employees. It is required from management for the analysis the
employee performance. It is compared to every employee with other employees. Akik
tiles pvt ltd keeps the following methods as performance appraisal:-
Check list Methods
Man to Man comparison
12. WAGES & SALARIES: -
Wages and salary are those things which impress to person for the doing
work. It is most important mission of the employee. At the employee or worker work
for money and money received by wages and salary. Basically wages are given to blue
colure worker and salary is given to white colure worker.
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AKIK TILES Pvt Ltd.
This unit also following punch cards methods for the worker and registration
methods for the staff & upper level employees. Annually increment provided to
worker 11% to 13%. At staff level provided increment as per them performance and
working skill.
13. WORKING OF ESI SCHEME: -
ESI is the “Employee State Insuring” which works for the employee and
company. It is compromise the problem between them. As ESI act 1948 it is provide
benefits which were compensation 5.75% of employee and employer ESI scheme
establish minimum wages which firm having 25 or more employees to give them Rs
450 per month wages. ESI also established (1) Science benefits, (2) Medical benefits,
(3) Employees injury benefits (4) medical treatment (5) Benefits of ESI etc. ESI
scheme also inform to employees then right and responsibly for company.
14. PROVIDENT FUND SCHEME: -
The provident fund scheme is keeps for the employee payment after
retirements. Provident fund is also useful for the employee family when he was death
or injured highly akik tiles pvt ltd keep provident fund from employee salary as 5%. It
has been perishables from income tax authority under income tax act. Akik tiles
contribution provident fund from units’ contribution 14%, as generate 5.33% and as
extra provident fund 4%.
15. GRIEVANCE HANDLING :-
This is system with help management know the employees and solved easily.
In the Akik tiles has committee for the employee problems. The employee explain
them problem to superior and with the help of management solved the problem.
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AKIK TILES Pvt Ltd.
16. COLLECTIVE BARGAINING & TRADE UNION :-
To flight the management for the employee problem which do not solved.
They are an agreement with the employee’s trade union with written or oral. It is
useful for the incurred the wages & salary, promotion, Bonus and alternation policies
of the management.
17. PERSONNEL RECORD : -
When person joined this unit then it records all information regarding to that
person like Name, Address, Qualification, special interview results attitude for jobs,
performance appraisal etc for the employee information about them and as identification
Akik keeps the all the employees and workers personnel information.
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Sr. No. Particular Page No.1 Introduction2 Organization structure 3 Product planning 4 Market segmentation 5 Pricing policy6 Channel distribution7 Sales promotion8 Advertising9 Marketing research
AKIK TILES Pvt Ltd.
1. INTRODUCTION:-
Marketing management is the process of planning and executing the
conception pricing, promotion and distribution of idea, goods and services to create
exchanges that satisfy individual and organizational goal.
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AKIK TILES Pvt Ltd.
Marketing management is mostly on the basis of marketing mix. Marketing
mix included Product, Price, Place and promotion. All the function of marketing mix
is related with each other.
2. ORGANIZATION STRUCTURE:-
Marketing management keeps the one line organization structure in the Akik
tiles pvt ltd. It runs as top level general manager to lower level Clark. Which show as
below figure:
3. PRODUCT PLANNING:-
Product is offering the customer most qualities, performance and innovative
features. So before the marketing the products must required without the product
market is not possible. Akik tiles pvt ltd made product as per the market requires.
They have all the criteria for the product and marketing.
4. MARKETING SEGMENTS:-
Marketing management focuses on the segment of market. Akik tiles pvt ltd
selected the selective specialization as per. The customer requirement they provided
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General manager
resional sales manager
Area sales manager
Sales represantetive
Jouniar representative
Clerk
AKIK TILES Pvt Ltd.
first class tile, second class tiles and commercial tiles to the customer. It selects higher
level market included rich, middle and lower middle class.
5. PRICING POLICY:-
Every firm setup for earning profit and profit is earned by the policy of the
prising. Mark up, going rate, promotional pricing act. Methods using by this firm are
mark up prising methods and competitor prising methods focusing.
6. CHANNEL DISTRIBUTION:-
At the normal the channel distribution is that system by companies provided
product to the customer. This firm focusing below distribution Chan
7. SALES PROMOTION:-
Sales promotion means to inform the customer about the product and product
price and qualities. Akik tiles pvt ltd use sponsor ship banner, website, and
advertisement in news paper. The sales promotion is motive to customer for purchase
the product.
8. ADVERTISING:-
Advertising is the show to product attribution, advantage, price, differs to
other product. In global marketing advertisement is take most important part of the
marketing department. Akik tiles pvt ltd gives the advertisement in news paper local
T.V. shows, large function, navratri banners, sponsors banners, etc.
9. MARKETING RESEARCH:-
Marketing research is process for collection analysis and reporting of data
related to special marketing situation facing and distribution channel. Akik tiles pvt ltd
yearly research on the market to know market stability in camper to other competitor,
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AKIK TILES Pvt Ltd.
selas share in total industrial sales of the tiles and at last they personally meeting them,
dealer and customer for the feedback
FINANCIAL MANAGEMENT . FINANCIAL MANAGEMENT .
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AKIK TILES Pvt Ltd.
1. INTRODUCTION:-
“Finance is the life blood of commerce”
Before many years, when barter system came to end, the currency money was
introduced.
In this initial stage of finance, it was not given very much importance. But
today because of the development of the commerce to the same extent, finance
management has become a specialized field as well as profession.
Finance is the needed ever in every business unit. If we want to start any unit
want to run it good, finance is the most important thing. First finance was included in
the accountancy. Today also there is some doubt about its finance management as an
academic change is regarded its scope & coverage.
Finance is the administrative area or set of an administration functions in the
organization of cash and credit so that the organization may have the means to carry
its objectives as satisfactory as possible without capital nothing can take place.
We have monetary exchange value of goods that is expressed in monetary and
it paid by the buyers to the sellers, credit in the market.
Function of finance department with the following matter:-
1> Capital
2> Sources of capital
3> Liability
4> Loan
5> Assets
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AKIK TILES Pvt Ltd.
6> Dividend
7> Reserved
8> Depreciation
9> Total turn over
10> Profit
11> Loss
2. ORGANIZATION STRUCTURE
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Director
Manager
Ass.Account
clerk
Ass.Account
Excise superviser
clerk
AKIK TILES Pvt Ltd.
3. CAPITALIZATION: -
Capital is the most important in all factors. Without capital the unit cannot go
ahead.
Capitalization is the sum total of all kinds of long terms securities issued by
company and the suppliers not meet for distribution. It can be interpreted as the sum of
the ownership capital, bonds and other long term debts and the suppliers. It consists
of:-
A> Ownership capital:-The value of shares of different classes.
B> Borrowed capital:-The value of bonds and debentures
C> Surpluses:-The value of surpluses i.e. accumulated profit.
According to Lillian Doris “capitalization means the total accounting value of
the capital stocks, surpluses in whatever form it may appear and funded long term
debt”.
According to Guthman and Dougall “capitalization is the sum of the par value
of stock and bonds outstand.
4. FINANCIAL PALING:-
Financial planning means planning for acquiring funds to meet the firm’s
financial needs. A firm needs to manage its resources effectively and efficiently to
achieve its objectives.
The following factors must be considered in Akik tiles pvt ltd while preparing
financial plans.
1> Nature of business
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AKIK TILES Pvt Ltd.
2> Degree of risk
3> Attitude of management
4> Government policies
5> Alternative sources of finance
In Akik tiles Pvt ltd, finance function is organized such a way that is basis for
objective of the unit.
1> Analysis of past performance
2> Establishing objectives
3> Quantifying investment needs
4> Forecasting cash flows
5> Financing
6> Consequences of financial plans
5. CAPITAL STRUCTURE :-
Capital structure represents only long term liability. Liability side of the
balance sheet is called financial structure.
Capital structure consists of long term debts i.e. preference share capital,
equity share, reserve & surplus, debentures etc. Capital structure of Akik tiles Pvt ltd
are given below:-
Authorized capital RS. 1,400.00(lacks)
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AKIK TILES Pvt Ltd.
Subscribed capital RS. 798.52(lacks)
Reserve fund RS. 600.00(lacks)
6. MANAGEMENT OF FIX ASSETS :-
In the every day, there are two assets like current assets and fix assets.
The amounts of unit in fix assets cannot be converted in to cash during the
financial year fixed are permanent in nature having life of more than one year. There
are more amounts invested in fix assets. Fix assets generally consist of plant,
machinery and building.
7. MANAGEMENT OF WORKING CAPITAL :-
The term working capital refers to that part of capital which is not tied of in fix
assets but it is used to meet day to day requirements of business. It is invested in
current assets like cash, stock, bills receivable, debtors etc.
There are two concepts of working capital
1> Gross working capital
2> Net working capital
{A} Gross working capital:-
According to gross concept, working capital refers to organization’s
investment in total current assets like cash, marketable securities, inventory etc. It is
also known as circulating capital.
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AKIK TILES Pvt Ltd.
{B} Net working capital:-
According to net concept, net working capital refers to the difference between
current assets and current liability.
Symbolically,
NWC = CA – CL
ORERATING CYCLE:-
O = R + W + F + D - C
WHERE, O = Length of operating cycle
R = Raw material storage perio
W = Work in progress period
F = Finished stock storage period
D = Debtors collection period
C = Creditors payment period
Raw material storage period:-
=Average stock of raw materialAverage raw material consumption per day
=329407023592400
360
= 50 days
Work in progress period:-
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AKIK TILES Pvt Ltd.
= work in process inventorycost of production
×360
= 11029700
224390500×360
= 17 days
Finished stock storage period:-
= Finished goods inventorycost of goods sold
×360
= 8314400218495500
×360
= 13 days
Debtor’s collection period:-
=debtorscredit sales
×360
¿16646500203720435
×360
= 57 day
Creditor’s payment period:-
=creditorscredit sales
×360
=1403670062868200
×360
=80 days
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AKIK TILES Pvt Ltd.
Operating cycle = R + W + F + D - C
= 50 + 17 + 13 + 57 –80
= 57 days
INTERPRETATION:-
The operating cycle of AKIK TILES PVT LTD has 57 days. There included
50days as raw material consumption, 17 days as raw material in under working, 13
days takes as complete finished goods and 57 days are debtors collection period, 80
days are required for payment to creditor.
Estimation of working capital:-
Raw material inventory:-
= Raw material consumption × Raw material period360
= 147822000 × 50360
= 20530861 Rs
Work in process period inventory:-
= Cost of production ×WIP period360
=224390500 × 17360
= 10596218 Rs
Finished goods inventory:-
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AKIK TILES Pvt Ltd.
= Cost of sold goods × finished period360
=218495500 × 13360
= 7890115 Rs
Debtors:-
= Credit sales × Debtors period360
= 103720435 × 58 360
=16710514 Rs
Creditors:-
= Credit purchase × Creditors period360
= 62868200 × 80 360
=13970711 Rs
Current Assets= RMI + WIPI + FGI + DEBTORS
= 20530861+10596218+7890115+16710514
=69825419
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AKIK TILES Pvt Ltd.
NET WORKING CAPITAL:-
= Current assets –current liabilities
= 69825419-13970711
=55854708 Rs
INTERPITATION: - The Net Working Capital of AKIK TILES PVT
LTD is 55854708 Rs
8. RATIO ANALYSIS :-
If relationship between various related items in the financial statements is
established, they can provide useful clue to gauge accurately the financial health and
capacity of business to make profit. This relation between two related items of
financial statement is known as RATION. There are main 4(four) types ration:
1. Liquid ration
2. Profitability Ratio
3. Leverage Ration
4. Activity Ration
{A} Current ratio:-
It is shows proportion of current assets and current liabilities. The proportion
of current ratio is 2:1. The current ration of Akik tiles pvt Ltd is as below:
Current Ration ¿current assetscurrent liabilities
¿1403900087397100
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AKIK TILES Pvt Ltd.
= 1.62: 1
INTERPRETATION: - Akik tiles ltd has current assets are more than them
current liabilities.
{B} Liquid Ratio:-
It shows the amount of funds which immediate payment. Generally
proportion of liquid ratio is 1:1.
Liquid Ration¿Liquid assetsLiquid liabilities
¿ 7206590034468300
= 2.06:1
INTERPRETATION: - the firm liquid ratio is sufficient to collect the
amounted from the market. It 2.06, shows goods position.
{C} Gross Profit Ratio:-
It is basically incurred to fund the profitability of the business. Higher ratio
suggests that firm cost of production is under control.
¿Gross profitsales
×100
¿ 65521500298302400
×100
= 21.96%
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AKIK TILES Pvt Ltd.
INTERPRETATION: - the profitability of firm is 21.96% which is shows
profit part from its gross sales.
{D} Net Profit Ratio:-
¿Net profit(after tax)sales
×100
¿ 111668002983024
×100
= 3.74%
INTERPRETATION: - The profit earn from after deducting administrative
and advertisement expense is 3.74% which very less and company should require to
increases it.
{E} Operating Ration:-
It is show the relation between cost of goods sold and expenses of sales the
ratio is also show the earning and taxes to the owner.
=cost of goods sold+ operating exp.Net sales
×100
¿218495500+19000000296344100
×100
= 80.14%
INTERPRETATION: - this calculation shows that for sales of every
rs.100, the operating exp. take up Rs. 80.14 leaving Rs.19.86 as net profit for the
proprietors.
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AKIK TILES Pvt Ltd.
{F} Return on capital employed:-
This ratio measuring which can be said that satisfactory the benefits being
obtain for capital investors.
¿Net profit (BIT)capital employed
×100
¿2044610091226000
×100
¿ 22.41%
INTERPRETATION: it is difficult opine about the reasonableness or otherwise
of this return on the absence of detail regarding the figure of other company and
past figure of same business.
{G} Stock turnover Ratio:-
It shows the average stock is turned over during the year.
¿cost of goods soldavg. stock
×100
¿21849550062077150
×100
= 3.52 time
INTERPRETATION: The akik tiles turnover of avg. Stock 3.52 times in a
year.
{H} debtor ratio:-
It is shows the collection period from the debtors. Akik tiles debtor ratio is
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AKIK TILES Pvt Ltd.
Debtors ratio=debtors + bills receivablecredit sales
×360
¿16646500103720435
×360
=58 days
INTERPRETATION: Debtors collection period of credit sales of Akik tiles
ltd is 58 days.
{I} Creditors Ratio:-
It shows the payment to creditors of firms.
creditor ratio= creditors+bills payablecredit purchas
×360
¿ 1403670062868200
×360
¿80da ys
INTERPRETATION:-Creditor payment period of akik tiles pvt ltd is
80days.
CAPITAL STRUCTURE
PROFIT &LOSS A/C OF
AKIK TILES PVT LTD
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AKIK TILES Pvt Ltd.
FOR YEAR ENDED ON 31ST MARCH 2009
PARTICULAR
SCH
EDU
AL
NO.
FOR YEAR 2009 FOR YEAR 2008
RS in lacs RS in lacs RS in lacs RS in lacs
INCOME:-
Sales
Other income
N 29634.41
195.83 29830.24
28347.35
145.63 28492.98
Less: Expenditure:-
Cost of material
Excise duty
Manufacturing Exp.
J
K
21849.55
50.58
1377.96 23278.09
20354.87
28.82
1347.59 21731.28
Gross profit: 6552.15 6761.70
Payment and benefits to employees L 1230.18 806.77
Administrative & selling expenses M 1900.00 1445.90
Financial expenses N 663.40 940.17
Depreciation 1014.31 4822.99 1347.59 4275.21
Net Profit before extra ordinary item 1729.16 2486.49
(Profit)/loss on sales of fix assets (12.75) 10.74
Loss on sales of bond - 120.48
Asset written off 91.77 91.77
Provision for claim receivable 34.69 109.67
Net profit before provisions 1615.45 2153.82
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AKIK TILES Pvt Ltd.
Provision for housing 80.77 107.69
Provision for bonus 153.47 204.61
Net Profit before tax 1381.21 1841.52
Provision for tax 264.53 395.93
Net profit after tax 1116.68 1445.59
Surplus b/f from previous year 5863.34 4846.67
Income tax adjustment for previous
year41.92 9.52
Profit available for appropriation 6938.10 6282.74
APPROPRIATION:
General Reserve
Interim dividend
Balance carried over to balance
sheet
100.00
319.41
6518.69
100.00
319.40
5863.34
TOTAL 6938.10 6282.74
BALANCE SHEET OF
AKIK TILES PVT LTD AS
ON 31ST MARCH 2009
PARTICULAR SCH
EDU
FOR YEAR 2009 FOR YEAR 2008
RS in lacs RS in lacs RS in lacs RS in lacs
36
AKIK TILES Pvt Ltd.
AL
NO.► SOURECES OF FUNDS:
SHARE HOLDER’S
FUND :
[A]Share capital
[B]Reserves &surplus
A798.52
7851.06 8649.58
798.52
7122.66 7921.18
LOAN FUND :
[A]Secured loan
[B]Unsecured loan
B 5765.90
77.00 5842.90
5776.22
77.00
5853.22
TOTAL 14492.48 13774.40
► APPLICATION OF
FUNDS:C
FIXED ASSETS
[a]Gross block
[b]less: depreciation
[c]net block
D14803.75
5844.48
8959.27
12789.46
5017.20
7772.26
INVESTMENT : E - 19.30
NET WORKING CAPITAL :
[A]Current Assets
[B]Less: Current liabilities
F
14203.90
8739.71
5464.19
13246.84
7903.50 5937.34
DEFERRED EXPENDITURE G 49.72 64.82
37
AKIK TILES Pvt Ltd.
(To The Extent Not Written Off Or
Adjusted)
14492.48 13774.40
-: SCHEDULE: -
Schedule A - Shareholders ‘Fund
Particular
For year 2009 For year 2008
RS in lacs RS in lacs
RS in
lacs RS in lacs
Share Capital :-
Authorised
1400000 Equity Shares of Rs.100 Each
(Previous Year : 1400000 Equity Shares of
Rs.100 Each 1400.00 1400.00
Issued
800000 Equity Shares of Rs. 100 Each (Previous
Year : 800000 Equity Shares of Rs. 100 Each)
800.00 800.00
Subscribed & Paid Up
798520 Equity Shares of Rs.100 Each Fully Paid
798.52 798.52 798.52 798.52
38
AKIK TILES Pvt Ltd.
Up
(Previous Year : 798520 Equity Shares of
Rs.100 Each
Reserves & Surplus :-
Share Premium Reserve 600.00 600.00
General Reserve 759.30 659.30
Profit and Loss Account 6518.69 7877.99 5863.36 7122.66
Less: Bonus Adjusted in Retained Earnings 26.93 -
7851.06 7122.66
Schedule B - Loan Funds
Secured Loans
Working Capital Loans HDFC Bank 919.34 1513.76
SBI Bank 3252.38 2996.56
ICICI Bank 1121.16 5292.88 796.70 5307.02
Trust Receipt Loans
HDFC Bank Ltd 20.06
126.84
SBI Bank Ltd. 236.13 202.65
ICICI Bank 85.38 -
Other Loans (against machine) 131.57 5,765.90 329.49 5776.22
Unsecured Loans
From A Director 77.00 77.00
39
AKIK TILES Pvt Ltd.
Schedule C - Fixed assets
40
AKIK TILES Pvt Ltd.
Schedule D - Investments
Particular For year 2009 For year 2008
amount amount amount amount
5% Special Bond 19.30 _
41
Name of assets
Depr
eciat
ion
(%)
Gross Block Depreciation Net Block
As at
01.04.04
Additions Adjust
ment
As at
31.03.05
As at
31.03.04
For the
year
Adjust
ment
As at
31.03.05
As at
31.03.05
As at
31.03.04
LAND 324.50 - - 324.5 - - - - 324.50 324.50
LAND &HOUSE
COLONY163.42 - - 163.42 - - - - 163.4 2 163.4 2
BULDING ROADS 5 2615.95 299.95 - 2915.95 596.57 104.35 - 700.92 2,214.98 2,019.38
WORKERS
QUTERS5 178.01 127.57 - 305.58 27.51 10.76 - 38.27 267.31 150.50
FURNITURE
FICTURE25 466.29 95.44 9.28 552.45 235.63 66.23 9.11 292.75 259.70 230.66
LABORETRY
EQUIPMENT25 96.67 4.50 - 101.17 58.23 9.72 - 67.95 33.22 38.44
OFFICE
EQUIPMENT25 429.20 27.03 0.82 455.41 193.69 63.71 0.20 257.20 198.21 235.51
VEHICLE 20 360.61 208.07 74.76 439.92 137.63 40.49 48.98 129.14 310.78 168.98
ELECTRICAL
INSTULATION15 508.10 62.02 - 570.12 271.24 38.28 - 309.52 260.60 236.86
PLANT
&MACHINERY15 7274.85 5161.28 230.43 8605.70 3357.42 657.39 128.74 3886.07 4,719.63 3,917.43
TOOLS&IMPLEM
ENT15 290.47 59.17 - 349.64 139.28 23.38 - 162.66 186.98 151.19
Capital work in
progress135.19 19.94 135.39 19.94 - - - - 19.94 135.39
TOTAL 12789.46 2464.97 450.68 14803.75 5017.20 1014.31 187.03 5844.48 8,959.27 7,772.26
AKIK TILES Pvt Ltd.
Schedule E- Current assets
Inventories
Raw material
Packing Exp.
Stores & Spears
Stock in process
Finish goods
Material in transit
LESS: Provision for damage goods
Sundry debtors
Cash & Bank
Cash
Bank balance
Loans & Advances
(Unsecured Considered Good Unless
Otherwise Stated)
Advances Recoverable in cash or kind or for
values to be recovered
3294.07
1452.85
260.42
616.87
831.44
1102.97
7103.62
6.31
1.28
11.42
7097.31
1664.65
12.70
2359.24
1583.50
309.50
105.73
241.94
718.12
1.89
89.89
-
5318.12
1722.47
91.78
42
AKIK TILES Pvt Ltd.
Advance To Employees
Advance To Suppliers
Margin Money With Bank
Prepaid Expenses
Advance Income Tax
Other Advances
Deposits And Other Receivables
Security Deposit
Vat Deposit
Custom duty Drawback Receivable
Local Development Tax Deposit
Bonds Receivable
Interest Accrued On Bonds
Custom Duty Deposit & Special Duty Deposit,
Insurance Claim
Less: Provision For Doubtful Receivables
177.66
926.74
42.13
55.08
1115.61
238.49
18.61
400.72
2282.60
49.46
110.13
0.93
2555.71
176.97
806.05
26.63
48.30
697.65
246.06
18.61
590.52
1903.30
217.25
19.30
-
2001.66
43
AKIK TILES Pvt Ltd.
6.31
33.18
2901.94
28.41
2873.53
1332.78
31.05
4112.81
- -
4112.81
Total 14203.90 13246.86
Schedule F - Current Liabilities & Provision
Liabilities
Creditors For Goods
Acceptances
Interest Accrued But Not Due
Creditors For Exp. & Other Liabilities
Dividend Payable
1403.67
4509.06
50.10
373.44
1720.22
3447.64
13.12
35
5.43
44
AKIK TILES Pvt Ltd.
Advance Against Supplies & Expenses
Provisions
Provision For Housing
Provision For Bonus
Provision For Earned Leave Salary
Provision For Taxation
60.80
152.26
673.13
153.47
29.44
1334.33
6549.33
2190.3
8
-
19.38
592.36
150.53
11.13
999.70
5555.79
1753.7
3
8739.70 7309.52
Schedule G – DEFERRED EXPENDITOR:-
Opening balance
Addition during year
LESS: Written off
64.82
-
15.10 49.72
5.48
75.76
16.42 62.82
45
AKIK TILES Pvt Ltd.
Schedule H – SALES:-
Export Sales
Domestic Sales
3878.85
25755.56 29634.41
2401.90
25945.45 28347.35
Schedule I - OTHER INCOME
Interest receive
Scrap sales
Discount received
Rent received
Misc. Income
Exchange gain
8.09
137.42
0.83
2.93
2.15
44.41 195.83
11.28
95.58
-
1.82
-
36.95 145.63
Schedule J – COST OF MATERIAL
Cost of material consumed:-
►Raw material :-
Opening stock
Purchase
2359.24
15717.0
5
3573.65
11798.07
46
AKIK TILES Pvt Ltd.
Less: closing stock
Raw material consumed
►Packing material :-
Opening stock
Purchase
Less: closing stock
►Work in progress:-
Opening stock
Less: closing stock
Total
Cost of sold goods :-
Cost of material consumed
Finish good stock
Opening stock
3294.07
1583.60
7582.22
1452.85
105.73
161.87
241.94
14782.22
7712.97
(56.14)
22439.05
22439.05
2359.24
1483.87
7143.92
1583.50
139.41
105.70
13012.48
7044.28
33.68
20090.45
20090.45
47
AKIK TILES Pvt Ltd.
Less: closing stock
Total
839.44 (589.55)
21849.55
506.36
105.73
264.42
20354.87
Schedule K – Manufacturing Expenses:-
Power &fuel
Repair & Maintence
Stores
Laboratory Exp.
Cartage &coolie
Other Exp.
Custom duty
729.60
138.63
358.98
6.67
44.31
30.85
68.92
1377.96
704.70
239.53
322.04
1.91
36.96
30.42
11.64
1347.60
Schedule L – PAYMENT & BENEFITS TO EMPLOYEE:-
48
AKIK TILES Pvt Ltd.
Salaries & Allowances
Wages & Workmen Welfare
Staff Welfare Expenses
Gratuity
Directors Remuneration
Employer’s Share To P.F.
648.26
385.72
130.36
16.57
7.13
42.14
1,230.18
443.82
232.41
72.00
6.68
18.06
33.80
806.76
Schedule M – ADMINISTATIVE & SELLING EXPENSES
Postage, Telephone & Telegram
Vehicle Running Expenses
Travelling Expenses
Legal & Professional Charges
Insurance
Auditor’s Remuneration :
Selling & Distribution Expenses
Advertisement
104.69
45.94
176.07
82.75
110.85
2.90
118.52
60.45
160.67
49.58
87.79
2.15
49
AKIK TILES Pvt Ltd.
Royalty
Rent
Printing & Stationery
Guest House Expenses
Books & Periodicals
Entertainment Expenses
Donation & Subscription
General Charges
Watch & Ward Expenses
Business Development Expenses
Other Administrative Expenses
480.64
413.95
69.34
145.66
29.70
0.32
0.88
15.27
26.84
7.28
57.56
44.17
85.19 1900.00
258.22
224.77
112.42
134.98
29.71
2.60
8.13
14.06
42.75
10.93
37.14
71.60
19.43 1445.90
Schedule N – Financial Expenses
Interest
50
AKIK TILES Pvt Ltd.
Interest On :
Term Loan
Working Capital Loan
Bank Charges
-
553.85 553.85
109.55
239.43
570.04 809.47
130.70
663.40 940.17
TREND PERCENTAGE:-
For the evaluating the various items of financial statement, figures of single
year are not enough. comparative figures of some year are significant. Such
comparative figure may be ether absolute figure or may be presentive in from. If the
items of one year which may be called based year, are compared with similar items of
other years in the form of percentages, the methods is known trend percentages
PROFIT & LOSS A/C OF AKIK TILES PVT LTD
PARTICULAR
FOR YEAR
2007-2008
RS in lacs
FOR YEAR
2008-2009
RS in lacs
2008-2009
(%)
INCOME:-
Sales &
28492.98
29830.24
104.69
51
AKIK TILES Pvt Ltd.
Other income
Less: Expenditure:-
Cost of material
Excise duty
Manufacturing Exp.
20354.87
28.82
1347.59
21849.55
50.58
1377.96
107.34
175.50
102.25
Gross profit: 6761.70 6552.15 489.78
Payment and benefits to employees 806.77 1230.18 152.48
Administrative & selling expenses 1445.90 1900.00 131.40
Financial expenses 940.17 663.40 70.56
Depreciation 1347.59 1014.31 95.15
Net Profit before extra ordinary item 2486.49 1729.16 69.54
(Profit)/loss on sales of fix assets 10.74 (12.75)
Loss on sales of bond 120.48 -
Asset written off 91.77 91.77 100.00
Provision for claim receivable 109.67 34.69 31.63
Net profit before provisions 2153.82 1615.45 75.00
Provision for housing 107.69 80.77 75.00
Provision for bonus 204.61 153.47 75.00
Net Profit before tax 1841.52 1381.21 75.00
Provision for tax 395.93 264.53 66.18
Net profit after tax 1445.59 1116.68 77.25
Surplus b/f from previous year 4846.67 5863.34 120.97
Income tax adjustment for previous year 9.52 41.92 44.34
Profit available for appropriation 6282.74 6938.10 110.43
APPROPRIATION:
General Reserve
100.00
319.40
100.00
319.41
100.00
100.00
52
AKIK TILES Pvt Ltd.
Interim dividend
Balance carried over to balance sheet
5863.34 6518.69 111.18
TOTAL 6282.74 6938.10
BALANCE SHEET OF AKIK TILES PVT LTD
PARTICULAR
FOR YEAR
2008
RS in lacs
FOR YEAR
2009
RS in lacs
2008-2009
(%)
► SOURECES OF FUNDS:
SHARE HOLDER’S FUND :
[A]Share capital
[B]Reserves &surplus
798.52
7122.66
798.52
7851.06
100.00
110.23
LOAN FUND :
[A]Secured loan
[B]Unsecured loan
5776.22
77.00
5765.90
77.00
99.82
100.00
TOTAL 13774.40 14492.48 115.21
► APPLICATION OF FUNDS:
FIXED ASSETS
[a]Gross block
[b]less: depreciation
12789.46
5017.20
7772.26
14803.75
5844.48
8959.27
115.75
116.49
115.27
53
AKIK TILES Pvt Ltd.
[c]net block
INVESTMENT : 19.30
NET WORKING CAPITAL :
[A]Current Assets
[B]Less: Current liabilities
13246.84
7903.50
14203.90
8739.71
107.22
119.57
DEFERRED EXPENDITURE
(To The Extent Not Written Off Or Adjusted)
64.82 49.72 76.70
13774.40 14492.48
INTERPRETATION:-
1. Examinition of sales and cost sales makes it clears that as compered to cost to of
sales, incearesed in sales is more and as result the rate of profit has increased
COMMON – SIZE STATEMENT:-
PROFIT & LOSS A/C OF AKIK TILES PVT LTD
PARTICULAR
FOR YEAR
2007-2008
RS in lacs
FOR YEAR
RS in lacs
% of sales
2007-
2008
2008-
2009
INCOME:- 28347.35
145.63
29634.41
195.83
100.00
0.51
54
AKIK TILES Pvt Ltd.
Sales &
Other income
100.00
0.66
Less: Expenditure:-
Cost of material
Excise duty
Manufacturing Exp.
20354.87
28.82
1347.59
21849.55
50.58
1377.96
71.44
0.10
4.70
73.24
0.16
4.61
Gross profit: 6761.70 6552.15 23.73 21.96
Payment and benefits to employees 806.77 1230.18 2.83 4.12
Administrative & selling expenses 1445.90 1900.00 5.07 6.36
Financial expenses 940.17 663.40 3.30 .22
Depreciation 1347.59 1014.31 3.74 3.4
Net Profit before extra ordinary item 2486.49 1729.16 8.73 5.59
(Profit)/loss on sales of fix assets 10.74 (12.75) 0.03
Loss on sales of bond 120.48 - 0.42
Asset written off 91.77 91.77 0.32 .30
Provision for claim receivable 109.67 34.69 0.38 0.11
Net profit before provisions 2153.82 1615.45 7.56 5.41
Provision for housing 107.69 80.77 0.38 0.27
Provision for bonus 204.61 153.47 0.71 0.51
Net Profit before tax 1841.52 1381.21 6.46 4.63
Provision for tax 395.93 264.53 1.39 0.88
Net profit after tax 1445.59 1116.68 5.07 3.74
Surplus b/f from previous year 4846.67 5863.34 17.10 19.78
55
AKIK TILES Pvt Ltd.
Income tax adjustment for previous year 9.52 41.92 0.03 0.14
Profit available for appropriation 6282.74 6938.10 22.16 23.41
APPROPRIATION:
General Reserve
Interim dividend
Balance carried over to balance sheet
100.00
319.40
5863.34
100.00
319.41
6518.69
0.35
1.12
20.68
00.33
1.08
21.99
TOTAL 6282.74 6938.10
BALANCE SHEET OF AKIK TILES PVT LTD
PARTICULAR
FOR YEAR
2008
RS in lacs
FOR YEAR
2009
RS in lacs
% of total assets
2007-
2008
2008-
2009
► SOURECES OF FUNDS:
SHARE HOLDER’S FUND :
[A]Share capital
[B]Reserves &surplus
798.52
7122.66
798.52
7851.06
5.80
51.70
5.50
54.17
LOAN FUND :
[A]Secured loan
5776.22
77.00
5765.90
77.00
41.93
0.55
39.78
0.53
[B]Unsecured loan
TOTAL 13774.40 14492.48 100.00 100.00
► APPLICATION OF FUNDS:
FIXED ASSETS 12789.46 14803.75 56.42 61.82
56
AKIK TILES Pvt Ltd.
[a]Gross block
[b]less: depreciation
[c]net block
5017.20
7772.26
5844.48
8959.27
INVESTMENT : 19.30 0.14
NET WORKING CAPITAL :
[A]Current Assets
[B]Less: Current liabilities
13246.84
7903.50
14203.90
8739.71
96.16
57.37
98.016
0.30
DEFERRED EXPENDITURE
(To The Extent Not Written Off Or Adjusted)
64.82 49.72 0.47 0.34
13774.40 14492.48 100.00 100.00
INTERPERTATION:- The above balance sheet shows the percentage of each
assets to the total assets as well as the percentage of each liabilities to the total
liabilities and capital. It also shows the proportion change in total assets and sales.
Conclusion
To visit an industry with a view to learning several aspects of management
and administrative is really a matter of great academic value for the undergraduate of
administration like me.
57
AKIK TILES Pvt Ltd.
Visiting such units, I had a unique opportunity to witness the practical
functioning of the industrial tasks which I study in my subject PRACTICAL TRAINING
as prescribed in the syllabus of S.Y.B.B.A., HNGU.
The company produces one of the top most brands of laminate sheet. It
provides quality to the customers. They take care behind all the aspects of manufacturing
quality product.
As per the market views, we can say that the company strives to provide
this much better quality in comparative economical price.
Overall, I express sincere wishes to the units and expect such benevolent
support to students like me in future too.
BIBLIOGRAPHY
Webography:
58
AKIK TILES Pvt Ltd.
HTTP://www.swastiktiles.com
Books Referred:
1. Philip Kotler, Keller, Marketing Management, PHI publication, New
Delhi, 11 Edition, Reprint 2003.
Search Engine:
www.google.com
www.wikipedia.com
59