Professional Documents
Culture Documents
Ratio Analysis Project Report
Ratio Analysis Project Report
1
Chapter No. Description Page No.
Company profile 6 - 10
Sources of data
Conclusion 57
Annexure 58 – 59
Bibliography 60
2
INTRODUCTION
Financial Management is that managerial activity which is concerned
3
with the planning and controlling of the firm’s finance. Finance is one of the
procuring necessary financial resource and their judicious use with a view to
maximizing the value of the firm and there by the value of the owners i.e.
subject because among the most crucial decisions of the firm are those which
provides them with conceptual and analytical insights to make those decisions
skillfully.
FINANCIAL MANAGEMENT
DEFINITIONS: -
rising, providing and managing of all the money, capital or funds of any kind to
concerned with the efficient use of any important economic resource, namely
capital funds”.
FINANCE FUNCTIONS: -
marketing and other functions, but the functions themselves can be readily
4
identified. The functions of raising funds investing them in assets and
known as.
• Maximization of profit
INDUSTRY PROFILE
Sugarcane is one of the important crops for the Indian Farmer. Sugar
and Jiggery are the main products that we get from sugarcane. Sugarcane
5
belongs to the genus SACCHARAM. The word Sugar is derived from the
textiles, producing an all time record of 186.22 lakh tones of direct plantation
sugar as on 30th Arial, 2003. It has emerged as the largest vacuum pan sugar
occupies the first rank from the point of area followed by Brazil and Cuba.
Andhra Pradesh occupies the fifth place with regard to cane and cane
production in the country. There are around 490 sugar mills across the
factory was set up in Bihar and U.P each. In 1932 there were 32 factories
tones. The average yield being 56 tones per acre of total cultivating land is
Andhra Pradesh, Karnataka and Tamil Nadu. In India U.P leads other States
Sugar comes under the Essential Commodities Act. Ipso facto, there
has been control on all facets of the sugar trade. The licensing regime that
regulates the installed capacity, the minimum support price for cane, the
6
reservation of can area for mills and the control over price and movement of
sugar as well its byproduct molasses, have all triggered a situation totally out
The Central Government will allot monthly sales sugar quota for each
factory based on the stock available in the concerned factory Godown. The
dealers in respect of specified commodities with effect from 14th March, 2002
vide government of India’s Notification No. GSR 104(E), dated 15th February,
2002. With the coming into effect of the above order any dealer may freely
by, stock, sell, transport, distribute, dispose, acquire, use or consume any
quantity of wheat, paddy/rice, coarse grains, sugar, edible oil seeds and
edible oil and shall not require a permit or license therefore under any order
7
2 Public sector 7 1 1 5
3 Private sector 11 8 2 1
Total 36 21 7 8
8
COMPANY PROFILE
INTRODUCTION: -
The Chittoor Co-operative Sugars Limited, Chittoor is the first agro-
22.08.1955 under the APCS Act. Its area of operation comprises of 192
High way No 18, 3 KM towards Kurnool from Chittoor town. It owns 85.96
installed capacity of 1000 tones cane crushing per a day. During 1974 its
cane crushing capacity has been expanded to 1600 tones a day. Since 1989
Capital Structure: -
Rs.lakhs
a) Land 497.19
b) Buildings 423.85
f) Total 2131.41
9
Management: -
President 1
Board of Directors 14
Employees Director 1
Total 16
the Board.
1. Administrative
2. Engineering
3. Manufacturing
4. Agriculture
10
Cane price: -
India notifies statutory minimum cane price payable by each sugar factory.
This is to be paid with in 14 days from the date of purchases. Over and above
advisory price payable by each Sugar Factory. This SAP is being paid by us.
We have crushed cane for the season 1999-2000 is 2, 82,202,592 Mts with
Sugar: -
For every season Government of India Notifies levy sugar price applicable to
each Sugar Factory. Every month. Open market sugar is sold on tender
Molasses: -
to overhauling and preventive maintenance and keep ready the plant for Cane
Crushing. During season factory works round the Clock in three shifts.
11
Cane Department:-
collect cane supply offers, from cane growers. Offers are being accepted
loans are sanctioned by Banks under tie up arrangements with factory. One
conducted by drawing cane samples from agreement Cane fields. They are
supply permits are issued to cane supply members limiting to factories daily
Liaison Farm: -
2. Seasonal Permanent 94
5. Total 573
12
Wage Structure: -
recorded from 1st Oct to 30th Sep next year. Generally cane crushing
13
14
RESEARCH METHODOLOGY
periodical review or report by the management and deal with the state of
investment in business and result achieved during the period under review.
personal judgments.
The Ratio Analysis is the most powerful tool of the financial analysis.
firm in which they are interested. With the help of ratios, one can determine:
2. The extent to which the firm has used its along-term solvency by
borrowing funds.
3. The efficiency with which the firm is utilizing its assets ingenerating
sales revenue.
15
CCS Ltd.
SOURCES OF DATA
Primary Data
The primary data was collected mainly with the interactions and
Secondary Data
• The study aims to study the liquidity position of the firm. Ratio Analysis
tabulation method are used to analyze and interpret the data collected.
16
public and the same doesn’t indicate the current situation of the firm.
• Detailed analysis could not be carried for the project work because of
• Since financial matters are sensitive in nature these same could not be
acquired easily.
17
RATIO ANALYSIS
18
thus, the numerical or an arithmetical relationship between two figures”. Ratio
DEFINITION:-
According to Prof. Spring field, Prof. Mass & Merrium, a ratio is defined
observing various ratios like the current ratio, acid test ratio, and turnover of
19
receivables, inventory turnover, and coverage of interest by the level of
earnings.
Ratio analysis also helps long term creditors in knowing the ability of a
find valuable the ratios of total debt to equity and total debt to total assets.
observing the per share into ratios like earnings per share, book value per
their over all responsibility to see that the resources of the firm are used most
efficiently and effectively and that the firms financial conditions is sound.
for comparison. A ratio by itself has very little meaning unless it is compared
a most important element is ratio analysis. The four most common standard
1. Absolute 2. Historical
3. Horizontal 4. Budgeted
1. Absolute: -
being desirable regardless of the type of the company, the time, stage of
20
2. Historical: -
performance as a standard for the present or future. But this standard may
not provide sound basis for judgment, as the historical figure a may not have
3. Horizontal: -
intra-firm comparison.
4. Budgeted: -
position.
firm over a period of years. Such a study will reveal the directions in
21
firm is managed and how effectively its assets are utilized.
the years.
position.
Other conducts it not only by management but also like suppliers, banks
The following are usually the objectives for which ratio analysis
is conducted.
IV. To assess the efficiency with which working capital is being used in
a firm.
Ratios of a company have meaning only when they are compared with
22
standard.
Company Differences
year. Thus, the comparison of the ratios of two companies becomes difficult
invalid by the changing value of money; a change in the price level can
seriously affect the validity of comparison of ratios computed for different time
periods.
TYPES OF RATIOS
23
1. Balance sheet Ratios
3. Combined Ratios
24
1. Balance sheet Ratios: -
A. Liquidity Ratios: -
obligations to maintain sound liquidity and to pin point the difficulties if any in
it, then liquidity ratios are calculated. These ratios are used to measure the
firm’s ability to meet short-term obligations. The important liquidity ratios are:
CURRENT RATIO:-
This is the most widely used ratio. It is the ratio of current assets to
current liabilities. It shows a firm’s ability to cover its current liabilities with its
as follows:
25
Current Assets
Current Ratio =
Current Liabilities
TABLE 4.1
Year Wise Total Current Assets and Current Liabilities of
The CCSL Ltd., Chittoor.
26
RATIOS
2.5
2
2006-07
1.5 2005-06
2004-05
1 2003-04
2002-03
0.5
YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
norm for current ratio is (2:1). It is evident that in the year 2005-06 Current
Ratio 2.00 is satisfactory. In remaining years current ratio is less then 2 is not
QUICK RATIO: -
It shows a firm’s ability to met current Liabilities with its most liquid
(quick) Assets. Liquid Assets are those assets, which are readily converted
27
into cash. This is also known as Liquid Ratio and Acid Test Ratio. It is
calculated as under;
Liquid Assets
LiquidRatio =
CurrentLiabilities
TABLE 4.2
28
RATIOS YEARS
0.7
0.6
0.5 2006-07
2005-06
0.4
2004-05
0.3
2003-04
0.2 2002-03
0.1
0
2003 2004 2005 2006 2007
INTERPRETATION: -
This is the more penetrating test of liquidity than the current ratio.
financial condition. The quick ratio has never exceeded the standard ratio.
Empirically the quick ratio has increased from 0.36 to 0.66 in 2002-03 to
CASH RATIO: -
Cash is most liquid Asset, a financial analyst may examine cash ratio
29
securities are equivalent of cash; therefore, they may be included in the
computation of cash ratio. This Ratio also known as Absolute and Super
Quick Ratio.
TABLE 4.3
Year Wise Cash and Bank Balance plus short term securities and
Current Liabilities of
RATIO
YEAR CASH AND BANK CURRENT LIABILITIES
IN %
2002-2003 53,79,219 18,91,05,178 0.028
2003-2004 1,59,03,765 1,23,09,387 0.11
30
RATIOS YEARS
0.14
0.12
0.1 2006-07
0.08 2005-06
0.06 2004-05
2003-04
0.04
2002-03
0.02
0
2003 2004 2005 2006 2007
INTERPRETATION: -
The desirable norm for cash ratio is 1:2. The cash ratio is very low in
2002-03, 2005-06 and 2006-07 years. There after it is increased slightly that
is 0.028, 0.11 and 0.13 on the years 2002-03 to 2004-05 respectively and
the company failed in keeping sufficient cash and bank balance and
marketable securities.
31
requirements, appropriate debt equity mix to raise long term and earnings to
pay interest and installment of long term loans in time. The following ratios
follows.
Debt to equity Ratio of 2:1 in case of (i) and 2:3 in cases (ii) are acceptable.
TABLE 4.6
Year Wise Fixed Assets and Capital Employed of
The CCSL Ltd., Chittoor.
SHAREHOLDERS RATIO
YEAR LONG TERM DEBTS
FUNDS IN %
2002-2003 26,44,52,746 36,03,55,888 0.73
2003-2004 25,26,34,919 36,96,88,184 0.68
2004-2005 29,52,27,768 38,90,49,404 0.76
2005-2006 43,53,64,852 39,30,37,111 1.10
2006-2007 44,09,04,310 39,81,47,818 1.10
32
1.2
RATIOS
0.8 2006-07
2005-06
0.6
2004-05
0.4 2003-04
2002-03
0.2
YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
This ratio gives results relating to the capital structure of the firm. 2:3 is
the acceptable Debt Equity Ratio. Empirically the debt equity ratio declined
only in the year of 2003-04 (0.68) remaining that all years were increased
from 0.78 to 1.10. Therefore 1.10 means lenders have financed of CCSL
PROPRIETORY RATIO: -
A variant of debt to equity ratio is the proprietary ratio, which shows the
the attention on the general financial strength of the business enterprise. This
33
Shareholders Funds
Proprietary Ratio =
Total tangible Assets
TABLE 4.7
Year Wise Shareholders funds and Tangible Assets of
The CCSL Ltd., Chittoor.
FUNDS ASSETS IN %
2002-2003 36,03,55,888 44,71,78,755 0.80
2003-2004 36,96,88,184 33,48,90,237 1.19
34
RATIOS
1.2
0.8 2006-07
2005-06
0.6
2004-05
0.4 2003-04
2002-03
0.2 YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION:-
The proprietary ratio is variant of Debt Equity ratio. The standard norm
for proprietary Ratio is 1:3. The shareholder funds are high then compare to
total tangible assets. Empirically in the years 2003-04 and 2004-05 it is very
high that is 1.19 and 1.10. Therefore the company having a poor proprietary
ratio.
2) PROFITABILITY RATIO: -
Profitability is the overall measure of the companies with regard to
35
A company should earn profits to survive and grow over a long period
business, to be able to funds from investors and for expansion and growth
and to contribute toward social overheads for the welfare of the society.
and building up of reserves. Higher the ratio, the better it is. A low ratio
indicates unfavorable trend in the form of reduction in selling prices. This ratio
GrossPr ofit
GrossPr ofitRatio = × 100
Net Sales
TABLE 4.25
Year Wise Gross Profit and Net Sales of
The CCSL Ltd., Chittoor.
RATIO
YEAR GROSS PROFIT NET SALES
IN %
2002-2003 -3,76,45,558 20,14,86,573 -0.186
2003-2004 -2,50,57,043 13,05,17,437 -0.191
2004-2005 -53,23,482 6,99,20,394 -0.07
2005-2006 4,96,30,153 12,40,87,187 0.399
2006-2007 -3,64,74,371 36,88,53,567 -0.098
36
RATIOS
0.4
0.3
0.2 2006-07
2005-06
0.1
2004-05
0 2003-04
2002-03
-0.1
YEARS
-0.2
2003 2004 2005 2006 2007
INTERPRETATION: -
profit ratio indicates a sign of good management as it implies that the cost of
production is kept at low level. The GP Ratio seems negative balance accept
the year 2006-07 of 39.9. The CCSL is maintaining poor grass profit ratio.
OPERATING RATIO:-
This ratio indicates the proportion that the cost of sales bears to sales.
Cost of sales includes direct cost of goods sold as well as other operating
37
expenses (i.e., Administration, Selling and Distribution Expenses) which have
TABLE 4.26
Year Wise Cost of Goods Sold, Operating Expenses and Net Sales of
The CCSL Ltd., Chittoor.
38
RATIOS
2.5
2
2006-07
1.5 2005-06
2004-05
1
2003-04
0.5 2002-03
YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
The lower ratio is better then higher the ratio, the less favourable it is
because it would have a smaller margin of operating profit for the payment of
dividends and the creation of reserves. The above table shows in the year
2005-06 is high operating ratio 239.4. The less operating ratio was recorded
3) COMBINED RATIOS: -
39
The difference between Current Assets and Current Liabilities
firm’s Liquidity.
Net WorkingCapital
Net WorkingCapitalRatio =
Net Assets
TABLE 4.5
Year Wise Net Working Capital and Net Assets of
The CCSL Ltd., Chittoor.
40
RATIOS
0.9
0.8
0.7
0.6 2006-07
0.5 2005-06
0.4 2004-05
0.3 2003-04
0.2 2002-03
0.1 YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
The Net Working Capital Ratio declined from 0.86 in 2004-05 to 0.12 in
2006-07 and increased 0.16 in 2002-03 to 0.86 in 2006-07. The company has
not sufficient working capital. The lowest ratio in the year 2006-07 is 0.20 and
assets will generate greater sales per rupee invested in all the Assets of a
41
concern. This ratio shows how well the fixed assets are being used to
The ratio expresses the number of times fixed assets are being
Sales
Fixed Assets Turnover Ratio =
NetFixed Assets
TABLE 4.11
Year Wise Sales and Net Fixed Assets of
The CCSL Ltd., Chittoor.
RATIO
YEAR SALES NET FIXED ASSETS
IN %
2002-2003 20,14,86,573 22,21,36,732 0.91
2003-2004 13,05,17,437 22,21,36,732 0.59
42
RATIOS
1.8
1.6
1.4
2006-07
1.2
2005-06
1
2004-05
0.8
2003-04
0.6
2002-03
0.4
0.2 YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
This ratio measures the efficiency of the assets use. The high ratio is
the better performance. On the other hand, a low ratio indicates that fixed
assets are not being efficiently utilized. Therefore the CCSL did not utilize
well. Only in the years 2002-03 and 2006-07 utilized the fixed Assets
effectually.
This ratio is calculated by dividing the net sales by the value of total
43
reveals idle capacitor. The traditional standard for the ratio is two times.
Net Sales
Total Assets Turnover Ratio =
Total Assets
TABLE 4.12
Year Wise Net Sales and Total Assets of
The CCSL Ltd., Chittoor.
RATIO
YEAR SALES TOTAL ASSETS
IN %
2002-2003 20,14,86,573 51,46,60,808 0.39
2003-2004 13,05,17,437 40,27,85,783 0.32
44
RATIOS
0.7
0.6
0.5 2006-07
0.4 2005-06
2004-05
0.3
2003-04
0.2 2002-03
0.1
YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
The traditional standard for the ratio is two times. In the year 2006-07
got the higher total Assets Turnover ratio 0.60 on other hand lower ratio got in
the year 2004-05 of 0.16. Therefore the CCSL indicates idle capacity of total
Assets.
By calculating this ratio we can that, for generating a sale of one rupee
45
we can know how much they company invested in current assets.
Sales
Current Assets Turnover Ratio =
Current Assets
TABLE 4.13
Year Wise Sales and Current Assets of
The CCSL Ltd., Chittoor.
RATIO
YEAR SALES CURRENT ASSETS
IN %
2002-2003 20,14,86,573 28,77,42,756 0.70`
2003-2004 13,05,17,437 17,58,61,331 0.74
46
RATIOS
1.2
1
2006-07
0.8
2005-06
0.6 2004-05
2003-04
0.4
2002-03
0.2
YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
assets. Empirically the current asset turnover ratio is declined from 0.74 to
0.32 in years 2003-04 to 20005-06. The higher turnover recorded in the year
2006-07 i.e. 0.99. Therefore we conclude that the current Asset turnover ratio
It denotes the speed at which the inventory will be converted into sales,
thereby contributing for the profits of the concern. When all other factors
remain constant, greater the turnover of inventory more will be efficiency of its
47
management. This ratio is calculated as follows:
Cost of GoodsSold
Inventory Turnover Ratio =
Average Stock heldduring thePeriod
TABLE 4.14
Year Wise Cost of Goods Sold and Average Stock held during
the period of
48
RATIOS
1.6
1.4
1.2 2006-07
1 2005-06
0.8 2004-05
0.6 2003-04
0.4 2002-03
0.2 YEARS
0
2003 2004 2005 2006 2007
INTERIPRETATION: -
producing and selling its products. A low inventory turnover implies excessive
inventory levels than required for production. The company have high ratio of
inventory except in the 2005-06 i.e. 0.139 it is not good. That is all stock
49
computing how many times capital employed is turned-over in a stated period.
Sales
CapitalTurnover Ratio =
CapitalEmployed
TABLE 4.15
Year Wise Sales and Capital Employed of
The CCSL Ltd., Chittoor.
RATIO
YEAR SALES CAPITAL EMPLOYED
IN %
2002-2003 20,14,86,573 62,48,08,634 0.32
2003-2004 13,05,17,437 62,23,23,103 0.21
50
0.5
RATIOS
0.45
0.4
0.35 2006-07
0.3 2005-06
0.25 2004-05
0.2 2003-04
0.15 2002-03
0.1
0.05 YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
The high capital turnover ratio it indicates greater profit on other hand
when it is low it indicates sufficient sales are not being made and profits and
lower. Empirically, the actual capital turnover ratio has declined from 0.32 to
0.14 and increased from 0.15 to 0.44 in 2005-06 to 2006-07. Finally the CCSL
capital Turnover Ratio is not Satisfactory. In the year 2006-07 is 0.44 the
CTR recorded.
51
is the ratio, the lower is the investment in working capital and the greater are
Sales
WorkingCapitalTurnover Ratio =
Net WorkingCapital
TABLE 4.16
Year Wise Sales and Net Working Capital of
The CCSL Ltd., Chittoor.
52
RATIOS
4.5
4
3.5
2006-07
3
2005-06
2.5
2004-05
2
2003-04
1.5
2002-03
1
0.5 YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
This ratio measures the relationship between sales and net working
capital turnover ratio i.e. 3.89 and 3.69 respectively. In the year 2005-06
recorded as the lowest working capital turnover ratio. The higher indicates
the ratios
over in each year. The higher the value of ratio, the more is the efficient
53
management of debtors. It measures the accounts receivables in terms of
follows;
Credit Sales
Debtors Turnover Ratio =
AverageDebtors
TABLE 4.18
Year Wise Credit Sales and Average Debtors of
The CCSL Ltd., Chittoor.
RATIO
YEAR SALES AVERAGE DEBTORS
IN %
2002-2003 20,14,86,573 5,38,40,312 3.74
2003-2004 13,05,17,437 5,46,53,535 2.39
2004-2005 6,99,20,394 6,09,75,610 1.15
2005-2006 12,40,87,187 6,28,32,487 1.97
2006-2007 36,88,53,567 5,90,67,738 6.24
54
7
RATIOS
5 2006-07
4 2005-06
2004-05
3
2003-04
2 2002-03
1
YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
increased form 1.97 to 6.24 in the years 2005-06 and 2006-07 respectively.
The high value of DTR was more efficient in management of credit. Therefore
CCSL.
55
the concern. The also reflects the credit policy and terms of the concern. It
shows the quality of debtors since it ventilates the speed at which debtors are
Daysina year
CollectionPeriod =
Debtors Turnover Ratio
TABLE 4.19
Year Wise Days in a year and Debtors Turnover Ratio of
The CCSL Ltd., Chittoor.
56
RATIOS
350
300
250 2006-07
200 2005-06
150 2004-05
2003-04
100
2002-03
50 YEARS
0
2003 2004 2005 2006 2007
INTERPRETATION: -
is collected from them. The average number of days for which the debtors
remain outstanding. Empirically the average collection period rose from 97.9
to 317.39 in the years from 2002-03 to 2004-05. Then reduced slightly from
This ratio gives the Average Credit period enjoyed from the creditors. A
low ratio indicates that creditors are not paid in time while a high ratio gives an
57
idea that the business is not taking full advantages of credit period allowed by
the creditors.
2
RATIOS
1.5 CreditPurchases
Creditors Turnover Ratio =
2006-07
Aberage AccountsPayable
2005-06
1
2004-05
TABLE 4.20 2003-04
0.5 2002-03
Year Wise Credit Purchases and Average Account Payable of
YEARS
The CCSL Ltd., Chittoor.
0
2003 2004 2005 2006 2007 RATIO
Average Accounts
YEAR PURCHASES
Payable IN %
2002-2003 10,57,81,021 9,45,03,276 1.12
2003-2004 4,74,68,010 7,11,05,381 0.66
INTERPRETATION: -
The creditor’s turnover ratio on the basis of credit purchases. Low ratio
indicates that creditors are not paid in time. In the period of 2003-04 company
did not purchase raw material so in that period the creditor’s ratio is nil. In
58
2004-05 recorded low ratio i.e. 0.80 it is not good. In the year 2005-06 and
59
FINDINGS
The standard cash ratio is 0.50:1. The company is not able to maintain
The current Assets are used very will in the year 2006-07 is 0.99. And
The Inventory turnover ratio has increased in this study but it has
The Gross Profit margin is in very poor position in this study and it was
60
increased to 39.90 in 2005-06, but it was not sufficient to the company.
The operating expenses are too high in this study. The operating
expenses are very large than the sales. The position is very danger to
the CCSL.
SUGGESTIONS
The CCSL has to increase its current asset such as cash in hand and cash
at bank etc. By disposing off the unutilized assets such as old machinery
and there by increase its liquidity position. The company has to maintain
The company is maintaining the lower equity fund. But, the CCSL having
the insolvency position for increasing the debt fund. It is suggest that the
The Debtor Turnover Ratio has decreased from 5.07 times to 1.98 times.
Generally, the higher the value of Debtor Turnover, the more efficient to
the management of credit. The CCSL has to improve the debt collection
ratio.
The lower gross profit margin might reflect higher cost of goods sold due
to the firm’s inability to purchase raw material (can etc.,) at favorable term,
Account Officer has detected the causes of a falling Gross margin and
61
The CCSL has the higher operating Expenses. A higher Operating
the sales are danger to the company; the CCSL must decrease the
operating expenses.
62
CONCLUSION
The Preponderance of current liabilities over the current assets has
turns its fixed assets faster than current assets. In fact it is because of such a
relative faster turnover of fixed assets that it becomes break even long ago.
sugar cane from the farmer in the vicinity of CCSL on ensured long term basis
so as to have smooth inflow of raw materials sugar as quite prequel for its
new sugar factories in the vicinity of CCSL, there has been a shortage of
63
64
BALANCE SHEET OF THE CHITTOOR COOPERATIVE SUGARS
LTD.,
Deposits &
Borrowings
2,88,36,536 2.88.12.457 2,91,54,180 3,10,24,046 3,52,01,887
Deposits
23,56,12,210 .22,38,22,462 26,60,73,588 40,43,40,806, 405702423
Borrowings
Outstanding
Interest Payable
60,94,478 2,71,90,688 4,05,25,798 4,90,24,989 4,69,27,852
Adjusting Heads
“Due by”
18,29,12,074 11,50,20,074 10,81,07,592 14,04,81,701 22,61,00,864
Reserves 21,93,57,188 22,87,27,884 24,80,88,004 2,51,896,411 25,55,94,218
Undistributed 64,227 64,227 64,227 64,227 64,227
Profits
Audit Fund 9,695 9,695 9,695 9,695 9,695
Reserve Fund yet
to be Invested
24,703 24,703 24,703 24,703 24,703
Difference between
Assets & Liabilities
65
Cash on Hand 12,83,980 22,575 18,78,931 141,219 95,083
Balance with Bank:-
Current Account 17,15,099 13,49,422 91,72,861 1,66,827 33,68,313
Saving Account 23,80,140 1,45,31,768 89,67,176 70,82,767
Shares in other Co-
operative Institutions 2,28,550 2,28,550 2,28,550 2,28,550 2,28,550
Deposits with various
Agencies 12,54,826 12,61,226 12,71,226 12,67,226 12,67,226
Fixed Deposits with Banks
2,50,000 22,50,000 27,50,000 2,50,000 2,50,000
Loan’s & Advances to
Members 64,61,883 63,86,630 90,85,236 87,82,893 1,41,93,990
Loans to other Co-op.,
Sugar Factories 30,00,000 10,00,000 10,00,000 10,00,000 10,00,000
Adjusting Heads “Due to”
5,44,12,361 5,48,94,708 6,70,56,512 586,08,462 5,95,27,013
Interest Receivable 18,26,489 18,26,489 18,26,489 18,26,489 18,26,489
Value of Assets 12,62,06,460 12,62,06,460 1266,47,509 12,91,77,261 13,99,04,578
Value of Closing Stock
1. Stores Stocks 2,02,69,709 2,01,00,2 2,00,46,5 200,66,210 1,88,
2. Packing Material 1,78,240 65 21 6,85,016 22,314
3. Stationery 26,375 1,78,240 93,100 28,366 22,784
4. Sugar 19,19,96,948 18,671 43,727 26,77,46,257 40,809
5. Sugar in Process 2,54,382 7,60,05,445 7,88,6,404 82,93,497 24,67,11,289
6. Molasses 69,07,475 2,34,802 00 82,22,629 62,98,461
7. Molasses in 2,86,092 1,06,60,683 66,19,003
Process 3,02,613
8. FMP Raw Material 9,200 5,7 8,01,5
& Feed 50 00 20,474 97
9. Pesticides 20,474 00 20,4
10. Fertilizers 00 20,474 20,474 00 74
00 00 362250 00
00 00 205940
66
BIBLIOGRAPHY
67
kalyani Publishers, Ludhiana.
New Delhi.
68