A STUDY ON FINANCIAL PERFORMANCE ANALYSIS OF SRI

SIVA SAKTHI INDUSTRY PRIVATE LIMITED, METTUR

A project submitted to the Periyar University in partial fulfillment of the

requirements for the award of the degree of

BACHELOR OF BUSINESS ADMINISTRATION

BY

P.GANAPATHI

20UBA1794

Under the Guidance of

Mr. J.S. MAHESWARAN, M.B.A., SET.,

GUEST LECTURE

DEPARTMENT OF MANAGEMENT STUDIES

GOVERNMENT ARTS AND SCIENCE COLLEGE

IDAPPADI- 637 102

APRIL-2023
CERTIFICATES
 GOVERNMENT ARTS AND SCIENCE COLLEGE,
IDAPPADI
DEPARTMENT OF MANAGEMENT STUDIES

CERTIFICATE

This is to certify that the project entitled “A STUDY ON FINANCIAL

PERFORMANCE ANALYSIS OF SRI SIVA SAKTHI INDUSTRY
PRIVATE LIMITED,METTUR” is an bonafide work carried out by
P.GANAPATHI, (Reg. No.20UBA1794) under my supervision and
guidance during the academic year 2022 – 2023 in partial fulfillment of
the requirements for the award of the degree of BACHELOR OF
BUSINESS ADMINISTRATION and the work is an original one and has
not formed basis for the award of any degree, diploma, associate ship,
fellowship of any other similar title.

GUIDE HOD

Project report evaluation viva-voce examination conducted on

__.

INTERNAL EXAMINER EXTERNAL EXAMINER

DECLARATION
 DEPARTMENT OF GOVERNMENT ARTS AND
SCIENCE COLLEGE, IDAPPADI
MANAGEMENT STUDIES

DECLARATION

I hereby declare that this project entitled “A STUDY ON FINANCIAL

PERFORMANCE ANALYSIS OF SRI SIVA SAKTHI INDUSTRY
PRIVATE LIMITED ,METTUR ” submitted to the GOVERNMENT
ARTS AND SCIENCE COLLEGE, IDAPPADI, in partial fulfillment of
the requirements for the award of BACHELOR OF BUSINESS
ADMINISTRATION is an original one and has not been submitted
earlier either to this university or to any other institution for the award
of any degree / diploma.

Date: Candidate signature

Place: Idappadi
ACKNOWLEDGEMENT
 DEPARTMENT OF GOVERNMENT ARTS AND
SCIENCE COLLEGE, IDAPPADI
MANAGEMENT STUDIES

ACKNOWLEDGEMENT

I extend my whole hearted gratitude to LORD ALMIGHTY for having given me

the physical and mental strength to complete this project successfully.

I express my sincere thanks to Honorable VICE CHANCELLOR and

REGISTRAR, Periyar University, Salem for having given me the opportunity to
pursue BBA course. I express my deep sense of gratitude to Dr. J. JEROM
FERNANDO, M.A., M.Phil., Ph.D., Principal, Government Arts and Science College,
Idappadi for providing me the opportunity to do the project.

I take this opportunity to express my profound thanks to my distinguished guide

Dr. S. RAVI, M.B.A., M.B.M., M.Phil., Ph.D., Assistant Professor and Head,
Department of Management Studies, Government Arts and Science College, Idappadi
for his valuable guidance for the successful completion of this project.

I Would like to express my sincere thanks to my guide., Mr. J.S. MAHESWARAN,

M.B.A., SET.,Department of Management Studies Government Arts and Science College
Idappadi for his valuable guidance for the successful completion of this project work

I would like to express my sincere thanks to my Department faculty members.,

MR . V. MANJULA, M.Com., M.B.A., M.Phil., Ph.D .., Dr. M. MURUGESAN, M.Com.,
M.B.A., M.Phil., Ph.D., Dr. Dr. U. MALINI, M.B.A., Ph.D., Guest Lecturers for their
valuable suggestions and encouragement.

I also thank the Manager and Staff members of “SRI SIVA SAKTHI INDUSTRY
PRIVATE LIMITED” for permitting and guiding me to complete my project
successfully.

P.GANAPATHI
 CONTENT

S.NO TABLE PAGE

INTRODUCTION OF STUDY

1.1 OBJECTIVE OF THE STUDY 2

I
1.2 LIMITATION OF THE STUDY 3
1.3 NEED FOR THE STUDY: 4

INDUSTRY PROFILE AND COMPANYPROFILE

II 2.1 INDUSTRY PROFILE

5
2.2 COMPANY PROFILE 11

REVIEW OF LITERATURE 12
III
RESEARCH METHODOLOGY 17

IV DATA ANALYSIS AND INTERPRETATION 19

V FINDINGS 45

SUGGESTION 46

CONCLUSION 47

REFERENCE 48
BALANCE SHEET 49
 LIST OF TABLE

TABLE
PARTICULAR PAGE

4.1 19
Current Ratio

4.2 21
Quick Ratio

4.3 23
Absolute Liquid Ratio Or Cash Ratio

4.4 25
Proprietary Ratio

4.5 27
Fixed Assets Ratio

4.6 29
Current Asset To Fixed Asset Ratio

4.7 31
Profits Before Tax Ratio

4.8 33
Net Profit Ratio

4.9 35
Working Capital Turnover Ratio

4.10 37
Fixed Assets Turnover Rati

4.11 39
Return On Equity Ratio

4.12 41
Earning Per Share Ratio

4.13 43
Book Value Of An Equity Share Ratio
 LIST OF CHART

CHART TABLE PAGE

4.1 20
Current Ratio

4.2 22
Quick Ratio

4.3 24
Absolute Liquid Ratio Or Cash Ratio

4.4 26
Proprietary Ratio

4.5 28
Fixed Assets Ratio

4.6 30
Current Asset To Fixed Asset Ratio

4.7 32
Profits Before Tax Ratio

4.8 34
Net Profit Ratio

4.9 36
Working Capital Turnover Ratio

4.10 38
Fixed Assets Turnover Rati

4.11 40
Return On Equity Ratio

4.12 42
Earning Per Share Ratio

4.13 44
Book Value Of An Equity Share Ratio
 CHAPTER-I

INTRODUCTION OF STUDY

Financial Performance Analysis

Financial performance analysis is the process of reviewing and analyzing a company’s
financial performance to make better economic decisions to earn income in future. These
statement include the income statement, balance sheet, of cash flows, notes to accounts and a
performance of changes in equity. Financial performance analysis is a method or process
involving specific techniques for evaluating risks, performance, financial health, and future
prospects of an organization.
It is used by a variety of stakeholders, such as credit and equity investors, the government,
the public, and decision-makers within the organization. These stakeholders have different
interests and apply a variety of different techniques to meet their needs. For example, equit y
investors are interested in the long-term earnings power of the organization and perhaps the
sustainability and growth of dividend payments. Creditors want to ensure the interest and
principal is paid on the organizations debt securities.
Common methods of financial performance include fundamental analysis, Dupont
analysis horizontal and vertical analysis and the use of financial ratios. Historical information
combined with a series of assumptions and adjustments to the financial information may be used
to project future performance.

1
1.1 OBJECTIVE OF THE STUDY

 To study the overall financial performance of Sri siva sakthi industry

 To find the Ratio’s by using the balance sheet.
 To give the status of company by comparing the five years balance sheet.
 To identify the liquidity position of the company.

2
1.2 LIMITAION OF THE STUDY

 This study period only 15 days. So time is restrictive.

 This study only last five years balance sheet and income statements.
 The study is based on the tool of ratio analysis and comparative analysis other tools are
not used.
 The study is based on secondary data only.

3
1.3 NEED FOR THE STUDY:

 The financial statement analysis of an enterprise to be done periodically and analyst for
various decision making problem and respect of survival and growth of the organization.
Hence a detailed evaluation of financial analysis of a business enterprise in all aspects to
be done.

4
 CHAPTER - II
INDUSTRY PROFILE AND COMPANY PROFILE

2.1 INDUSTRY PROFILE

Magnesium Sulphate is a chemical compound which is a mixture of magnesium,
oxygen, and sulphur. Magnesium sulphate often faced as sulphate mineral & epsomite which are
commonly known as Epsom Salt. Applications of magnesium sulphate have spreaded across
many industries such as healthcare, agriculture, pharmaceuticals, food additives and other
industries as well. In medical, it is used both i.e. internally as well as externally.
Uses
Magnesium sulphate (MgSO4) is very useful chemical, it’s advantageous in chemical
industry, like oil refining and chemical fertilizer. Magnesium sulphate has many more uses than
can be listed here; it acts as an effective adsorbent for industrial waste water treatment and helps
neutralize alkaline soils. Today, MgSO4 finds use in petroleum refineries, textile bleaching and
purification of sugarcane molasses.
In agriculture magnesium sulphate is used for treating cereals seeds against damp-
heat fungus disease caused by Diosaccharomyces cerevisiae. It is also used as preemergence
herbicide on some horticultural crops. It prevents weed growth or gives them slow growth due to
high amount of calcium and sulphur present in it which act as nutrients for plants growing above
ground level from rhizomes or root systems .It also enhances plant vigor by supplying calcium,
sulphur, oxygen, nitrogen and hydrogen elements that are available immediately after
dissolution.
Manufacturing Process
Magnesium Sulfate is obtained from sea water, where it naturally occurs. Electrolysis
is performed after the raw components have been dissolved in water. Magnesium hydroxide
precipitates, which can then be heated to crystallise magnesium sulphate, which can then be
processed further or used as a solid desiccant or dehydrating agent.
Chemicals product manufacturers rely on chemicals like magnesium sulphate to carry
out a variety of reactions in their manufacturing processes. Although compounds like this have a

5
wide range of applications, one of the most popular is in the food industry. Foods that have been
stored at high temperatures for an extended period of time tend to spoil fast as humidity causes
them to become moist.
Market Outlook:
Magnesium Sulfate Market is to reach $1,233.3 million by 2026, after growing at a
CAGR of 5.1% during 2021-2026. The growing need to achieve high agricultural yields coupled
with the substantial growth of the worldwide agricultural industry is expected to be the main
driver of demand growth in the years ahead.
Furthermore, increasing use of magnesium sulfate in the personal care & cosmetics
sector to formulate a range of important personal care items, including hair products, skincare
products, sun-tan products and skin fresheners will create new opportunities for the growth of the
global magnesium sulphate industry.
Magnesium Sulfate Market is forecast to reach $1,233.3 million by 2026, after growing
at a CAGR of 5.1% during 2021-2026. The growing need to achieve high agricultural yields
coupled with the substantial growth of the worldwide agricultural industry is expected to be the
main driver of demand growth in the years ahead. Furthermore, increasing use of magnesium
sulfate in the personal care & cosmetics sector to formulate a range of important personal care
items, including hair products, skincare products, sun-tan products and skin fresheners will
create new opportunities for the growth of the global magnesium sulfate industry in the forecast
era.
Magnesium Sulfate Market Report Coverage
The report: “Magnesium Sulfate Market Report – Forecast (2021-2026)”, by
IndustryARC, covers an in-depth analysis of the following segments of the magnesium sulfate
market.
By Form: Crystal, Powder, and Granules
By Type: Heptahydrate, Anhydrous, Monohydrate, and Others
By Application: Fertilizer, Pharmaceutical, Food Additive, Industrial, Chemical, and Others
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, and South America
Key Takeaways
As food demand is rising globally due to the growing population, the need to increase the yield is
likely to drive the demand for magnesium sulfate in fertilizer production.

6
 According to the United Nations Food and Agriculture Organization (FAO), the
global agricultural industry is projected to reach USD 4.1 trillion by the end of 2020, with a
CAGR of about 4%.
Global pharmaceutical industry is also on the rise, creating favourable opportunities
for the magnesium sulfate market to increase.
According to the Association of the British Pharmaceutical Industry (ABPI), the
pharmaceutical industry is expected to increase by the end of 2022 with an annual investment of
US$ 181 billionwhich will boost the demand over the forecast period.
Due to the COVID-19 pandemic situation, there has been created disruption in
agrochemical manufacturing because of the scarcity of raw materials. In addition, this ongoing
trend will have a cascading impact on food production and crop yields on economies that are
primarily agricultural, at a time when demand for agricultural-producing products will report a
spike in the medium term in 2020.
Magnesium Sulfate Market Segment Analysis - By Form
Crystal form of magnesium sulfate is widely used in the magnesium sulfate market.
Magnesium sulphate crystals are also called gypsum salt, Epsom salt, green vitriol, and alum.
Magnesium sulphate crystals are used in various industrial applications such as pigment,
agriculture, chemical, and textile and leather industry. Magnesium sulfate crystals are also
odourless and have the white appearance that is used to treatment of pre-eclampsia and
eclampsia as an anticonvulsant, cathartic and electrolyte replenish. When magnesium sulfate is
applied to soil in its crystal form, the crystals can also be composed of chlorides, potassium salts,
sodium salts, and lead salts. Thus, the increasing use of magnesium sulfate in crystal form will
drive the magnesium sulfate market in the forecast period.
Magnesium Sulfate Market Segment Analysis - By Type
Monohydrate type held the largest share in the magnesium sulfate market in 2020.
Magnesium sulfate monohydrate is a source of magnesium that is moderately soluble in water
and acid for applications consistent with sulfates. Magnesium sulfate monohydrates are effective,
pure, and provide accurate pH value and precise composition. Owing to such properties it is
widely used for the preparation of medical solutions as well as various other industrial
applications. Magnesium sulfate monohydrate is extremely hygroscopic and should therefore be
placed in airtight condition away from the ambient condition and bags sealed and stored. Also, in

7
most quantities, magnesium sulfate monohydrate is usually immediately available in super high
purity, elevated purity, submicron and nanopowder types. Thus, with the growing demand for
magnesium sulfate monohydrates, the market for magnesium sulfate is also anticipated to rise in
the forecast period.
Magnesium Sulfate Market Segment Analysis - By Applications
Fertilizers held the largest share in the magnesium sulfate market in 2020 and are
projected to grow at a CAGR of 4.9% during the forecast period 2021-2026. Inorganic crop
production, fertilizers composed of synthetic or non-synthetic materials containing synthetic
magnesium sulfate can be used as a plant or soil modifications. Magnesium sulfate fertilizer is
designed for fast correction or prevention of magnesium deficiencies in all types of crop and soil
conditions. The fertilizer is best used before or during planting to avoid magnesium shortages,
but it can also be used during the growing season to fix growth problems. Rapid development of
magnesium sulfate in fertilizers will in turn propel the market growth over the forecast period.
Magnesium Sulfate Market Segment Analysis - By Geography
Asia-Pacific held the largest share with 40.6% in magnesium sulfate market in 2020.
Strong agricultural production, a supportive government stance towards the agricultural industry,
increased personal care expenses coupled with well-established paper & pulp industries appear to
drive the Asia-Pacific magnesium sulphate market over the long-term forecast period. For
instance, Asia Pulp & Paper (APP), Indonesia is planning to set up a paper & pulp mill in
Andhra Pradesh, India with an annual production capacity of 5 million tons, as per the
Environmental Paper Network, 2019. In addition, with growing medical tourism and focusing on
patient-centric trends, the pharmaceutical industry is expected to expand in the Asian region,
further promoting the magnesium sulfate market. For patients from North America and Europe,
Indonesia, Thailand and India are a big destination for medical tourism. Hence, owing to all the
aforementioned factors, the market for magnesium sulfate is expected to increase in the forecast
period.
Magnesium Sulfate Market Drivers Growing use of nutraceuticals to bring about a
paradigm shift in the global sulphate market for magnesium. Growing focus on the advantages of
nutraceuticals, rising chronic disease instances coupled with rapid technological advances by key
players in the nutraceuticals sector are some of the main factors that propel the magnesium
sulfate market over the long-term forecast. Magnesium is an essential human body supplement

8
and has been widely used in nutraceuticals. Furthermore, nutraceuticals are eaten solely or as
part of food additives or functional foods. Increasing incidences of chronic diseases and adverse
health effects of traditional medicinal products have redirected consumer preference to organic
or natural products. As a result, increased demand for nutraceuticals opens up greater avenues for
the magnesium sulfate market.
Animal feed to provide magnesium sulphate industry with lucrative growth
opportunities Magnesium sulphate allows animals to avoid self-mutilation, cannibalism, sudden
cardiac death, reduced meat quality and transport mortality. The change in patterns of food
consumption along with dietary trends in livestock products is driving the world food economy
of the day. The Asian area has seen a rise in increased meat consumption over the past decade,
and demand for milk along with other dairy products. There have been significant impacts on
gross agricultural production as a result of the increase in demand.
There has been a rapid increase in livestock production, consequently affecting the
crop sector that supplies the feed for animals, including cereals, oilseeds, and fisheries. The feed
demand has been considered as a dynamic element conditioning the growth of the cereals sector,
particularly in the developed regions. Increasing demand for animal feed and livestock it has
raised the need for animal feed magnesium sulfate in the market to keep animal health clear of
side effects, thereby supporting the growth of the global magnesium sulfate industry.
Magnesium Sulfate Market Challenges
Price volatility & high-grade magnesium availability are major market disincentives
Among the major constraints identified in the market for magnesium sulfate, price volatility and
high-grade magnesium availability are the major constraints which hamper the market growth. In
the recent past, prices of raw materials have seen sharp increases along with energy costs which
have in turn influenced the overall cost of magnesium sulphate compounds. China is the leading
producer of magnesium compounds and China's policy changes have influenced magnesium
prices and supply on the global magnesium sulphate market.
Magnesium plant shutdown in China was impacting the price and availability of
magnesia for environmental concerns. Additionally, the government of different countries has
prohibited the use of explosives and other machinery in magnesite mines resulting in shortages
of raw materials. Also, high-grade dead-burned magnesia prices were also experiencing a jump,
as demand was robust and supplies were minimal.

9
 High-grade production and prices are constantly affected by environmental problems
in different regions. Thus, market fluctuations and availability have tightened the magnesium
sulfate supply worldwide. In addition, as per the U.S.

10
 2.2 COMPANY PROFILE

COMPANY NAME : SRI SIVA SAKTHI INDUSTRY

COMPANY MANAGER : P.K PALANISAMY
PRODUCTION : MAGNESIUM SULPHATE
NO OF EMPLOYEES : 230
LADIES : 30
GENTS : 200
SALES : MAGNESIUM SULPHATE
ADDRESS : PLOT NO : 12 SIDCO INDUSTRIAL ESTATE
METTUR DAM - 637101,

COMPANY ISO STATED : 1977

YEAR
SUP PLY : TAMILNADU, USA AND ALL COUNTRY

Magnesium Sulphate Anhydrous typ. 98% MgSO4, calculated with reference to the
anhydrous substance, is easily soluble in water, developing heat. It binds up to 100% of its own
weight in water and is lesss corrosive than other salts.
With our magnesium sulphate anhydrous we offer a high-performance product with
excellent properties and that is friendly to the environment due to its natural origin.
Our magnesium sulphate anhydrous offers many advantages.
 It is a natural, concentrated source of magnesium and sulphur
 It is low in secondary salts and heavy metals
 offers flexibility in formulation
 it is has a homogeneous grain size distribution
 remains free flowing even at high temperatures and is therefore easy to dose
 it is is easy to grind
 acts as an anti-caking agent

11
 CHAPTER- III

REVIEW OF LITERATURE

Shinde Govind p. & Dubey manisha (2011) the study has been conducted considering
the segment such as passenger vehicle, commercial vehicle, utility vehicle, two and three
wheeler vehicle of key players performance and also analyze SWOT analysis and key factors
influencing growth of automobile industry.

Zatar S.M. Tariq & Khalid S.M (2012) the study explored that ratios are calculated
from financial statement which are prepared as desired policies adopted on depreciation and
stock valuation by the management. Ratio is simple comparison of numerator and a denominator
that cannot produce complete and authentic and also may not highlight other factors which affect
performance of firm by promoters.

Dhole Madhaui (2013) Investing the impact of price movement of share on selected
company performance. It advise due investors consider various factors before choosing the better
portfolio sentimental factors do play a role in price movement only in short term but in long e is
annual performance is sole factor responsible for price movement.

Idhayajothi, Ret al (2014) The main idea behind this study is to analyze the financial d
performance of Asoka Layland ltd at Chennai. The result show that financial performance is
sound and also suggested to improve financial performance by reducing the various expenses.

Sarwade Walmilk Kachru (2015) Analyzed the effects of liberalization, government

delicensing and liberal trade policies on the growth of India auto mobile industry. The study
recommends that investing four-wheeler is going to be smart potion not only in India but all
around the world.

Becker Dieter (2015) The report shows about the current state and future prospects of
the worldwide automobile industry. This survey report the manufacturer, executive and
consumer views about four aspects, mobility culture, technological fit, business model readiness
and market share.

12
 V.Porkodi1, Dr.M.Syed Ibrahim2, Dr.M.Gurusamy (2016) A study on financial
performance analysis of icici bank and hdfc bank. International Journal of Innovative Research in
Management Studies (IJIRMS) Volume 2, Issue 6, July 2017. pp.1-11.: Abstract—The banking
sector as service sector, and as one of the components of financial system, plays an important
role in the performance of any economy. Banking institutions in our country have been assigned
a significant role in financing the process of planned economic growth. The efficiency and
competitiveness of banking system defines the strength of any economy. Indian economy is not
an exception to this and banking system in India also plays a vital role in the process of
economic growth and development. The current study and discussions thereon, certainly reveals
that financial performance of ICICI Bank and HDFC Bank. Based on the study HDFC Bank
financial performance is better than ICICI Bank. But in many cases, the financial performance of
ICICI Bank and HDFC Bank are good.

Dr. anurag. b. singh*; ms. priyanka tendon (2017) A study of financial

performance: a comparative analysis of sbi and icici bank. International Journal of Marketing,
Financial Services & Management Research Vol.1 Issue 11, November 2012, ISSN 2277 3622 .
Banking Sector plays an important role in economic development of a country. The banking
system of India is featured by a large network of bank branches, serving many kinds of financial
services of the people. The State Bank of India, popularly known as SBI is one of the leading
bank of public sector in India. SBI has 14 Local Head Offices and 57 Zonal Offices located at
important cities throughout the country. ICICI Bank is second largest and leading bank of private
sector in India. The Bank has 2,533 branches and 6,800 ATMs in India. The purpose of the study
is to examine the financial performance of SBI and ICICI Bank, public sector and private sector
respectively. The research is descriptive and analytical in nature. Credit Deposit Ratio, ICICI,
Net Profit Margin, Net worth Ratio, Advances, SBI.

13
 Mad aminulisla An Analysis of the Financial Performance of National Bank
Limited Using Financial Ratio. Journal of Behavioral Economics, Finance,
Entrepreneurship, Accounting and Transport, 2014, Vol. 2, No. 5, 121-129, This study
attempts primarily to measure the financial performance of National Bank Limited which one
of the largest and prominent private commercial banks in Bangladesh for the period 2008-
2013 and to identify whether any difference exists between a bank’s years of operation and
its performance classifying two period (2008-10 & 2011-13). To complete my task I have to
use various materials and take help form online source. Analyses the ratio here used financial
ratio analysis (FRA) method which help to draw a overview about financial performance of
the National bank limited in terms of profitability, liquidity and credit performance. To test
the hypothesis the study has been worked on Student t-test by using SPSS. These analyses
helps to see the current performance condition of this bank compare past performance.

Dr.d.mahila vasanthi thangam m.com, mphil,pgdca phd Financial

Performance Analysis of Kerala State Financial Enterprises Limited, Thrissur” International
Journal of Scientific Engineering and Applied Science (IJSEAS) – Volume-2, Issue-3, March
2016 ISSN: 2395-3470 Financial performance analysis means establishing relationship
between the items in the balance sheet and profit and loss account for determining the
financial strength and weakness of the firm In this study, an attempt is made to identify the
financial strength and weakness of the firm by properly establishing relationship between the
items in the balance sheet and profit and loss account of KSFE Ltd., Thrissur on the past five
years. .

Dr. M. Ravichandran M. Venkata Subramanian A Study on Financial

Performance Analysis of Force Motors Limited, IJIRST –International Journal for Innovative
Research in Science & Technology| Volume 2 | Issue 11 | April 2016 ISSN (online): 2349-
6010, The financial performance can be measured by using various financial tools such as
profitability ratio, solvency ratio, comparative statement, etc. Based on the analysis, findings
have been arrived that the company has got enough funds to meet its debts & liabilities, the
income statement of the company shows sales of the company increased every year at good
rate and profit also increased every year.

14
 B. S. Bhavan A Study on Financial Performance Analysis at a Stock Brokerage
Company in Bengaluru, International Journal of Research in Engineering, Science and
Management Volume-2, Issue-2, February-2019, Money is exceptionally basic for the
smooth running of the business. Each association keeps up its cash supply which is being
controlled and overseen by the finance division. Thus, finance division assumes a crucial job
for the duration of the life of the business from planning fiscal reports to investigating and
translating for best choices to be made. The role of financial division is vast and continuous.
It carries on research to know the company’s areas which needs improvement.

Dr.S.Vijayalakshmi 1, Sowndarya.K 2 and Sowndharya.K 3 A Study on

Financial Performance Analysis of Bharti Airtel Limited, International Journal of Business
Marketing and Management (IJBMM) Volume 2 Issue 3 March 2017, P.P.27-32 , Financial
performance is done to evaluate capability, stability and profitability of the
company.Financial analysis helps investors to appraise whether they should invest in a
particular company or not. The main objective of this study is to know the short term and
long term financial position of the company and to know the profit level of the company. It is
analyzed using short term, long term and profitability ratios for theperiod 2011- 2016, based
on the secondary data that is balance sheet and profit/loss account. Financial analysis, Ratio
analysis, Stability and Profitability.

1.R.Idhayajothi, 2.Dr.O.T.V.Latasri, 3. N. Manjula, 4. A.Meharaj Banu,

5.R. Malini A Study on Financial Performance of Ashok Leyland Limited at Chennai. IOSR
Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668.
Volume 16, Issue 6. Ver. I (Jun. 2014), PP 83-89 .Finance statements are prepared primary
for decision -making .They play a dominant role in setting the frame work and managerial
conclusion and can be drawn from these statements is of immense use in decision- making
through analysis and interpretation of financial statements . finance for its smooth working .it
has to raise funds from the cheapest and risky source to utilize this in most effective manner .
So every company will be interested in knowing its financial performance. The project
entitled “Financial performance analysis of Ashok Leyland company Ltd '' throw light on
overall financial performance of the company.

15
 Amalendu Bhunia, 2 Sri Somnath Mukhuti and 2 Sri Gautam Roy
1 Financial Performance Analysis-A Case Study, Current Research Journal of Social
Sciences 3(3): 269-275, 2011 ISSN: 2041-3246, Received: March 05, 2011 Accepted: April 06,
2011 Published: May 25, 2011, The present study aims to identify the financial strengths and
weaknesses of the Indian public sector pharmaceutical enterprises by properly establishing
relationships between the items of the balance sheet and profit and loss account. The study
covers two public sector drug and pharmaceutical enterprises listed on BSE. The study has been
undertaken for the period of twelve years from 1997-98 to 2008-09 and the necessary data have
been obtained from CMIE database.

16
 RESEARCH METHODOLOGY

Research is a systematic and logical study of an issue or problem through scientific

method.
Types of research
Quantitative research:
It is based on the measurement of quantity or amount. It is applicable to phenomena that
can be expressed in terms of quantity. For example financial performance of an organization,
working capital management etc. coming up with conclusions which are capable of being
verified by observation or experiment
Analytical research:
In analytical research the researcher has to use facts or information already available, and
analyze these to make a critical evaluation of the material. It used advanced statistical techniques
also. Example for research is financial performance analysis of an organization
Types of data collection
 Primary Data
 Secondary Data
Primary Data:
The data which are collected by the researcher himself for his research purpose are called
primary data. These data are collected on hand and not collected by somebody else earlier.
Example, the customer satisfaction survey.
Secondary data:
Any data which have been gathered earlier for some other purpose are called secondary
data and the researcher uses these already collected data for his research purpose. Secondary data
are not collected fresh by the researcher. Example the balance sheet of a company is prepared by
somebody else, the researcher uses for his research purpose.

17
TOOLS USING FOR THE STUDY:
I. RATIO ANALYSIS.
 Current ratio
 Quick ratio
 Absolute liquid ratio
 Proprietary Ratio
 Fixed assets ratio
 Current assets to fixed assets ratio
 Profit before tax ratio
 Net profit ratio
 Working capital turnover ratio
 Fixed assets turnover ratio
 Return on equity ratio
 Earnings per share ratio
 Book value of an equity share ratio

18
 CHAPTER - IV

DATA ANALYSIS AND INTERPRETATION

CURRENT RATIO

The current ratio is the relationship between current assets and current liabilities.
Current assets include those assets which can be converted into cash with in a year’s time.
Current liabilities include which are repayable in a year’s time.
Current ratio = Current Assets / Current Liability
TABLE NO 4.1
CURRENT RATIO
Year Current assets Current liability Ratio

2017-2018 93338180 97930412 0.95

2018-2019 64123200 99462724 0.64
2019-2020 67986071 105040105 0.6
2020-2021 83033367 124003381 0.669
2021-2022 77256462 141628689 0.5

Source: Secondary data.

INTERPRETATION:
The above table indicates that the extent to short term creditor is not safe in term
liquidity of the current assets. Thus lower the value of the current ratio, liquid the firm is less
ability is has to pay the bills.
How ere a current ratio of 4:1 is considered generally satisfaction. The company
maintain below standard.
As per the study the current ratio varies from 0.5 (2020-2021) to 0.95 (2017-2018)

19
 CHART NO 4.1 CURRENT RATIO

1 0.95

0.9

0.8

0.7 0.669
0.64
0.6
0.6
0.5
0.5

0.4

0.3

0.2

0.1

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

20
 TABLE
QUICK RATIO

Quick ratio, also known as Acid test or Liquid ratio is more rigorous test of liquidit y
than the current ratio. Quick ratio may be defined as the relationship between quick/liquid assets
and current or liquid liabilities. An asset is said to be liquid if it can be converted into cash within
a short period without loss of value.
Quick or liquid ratio = Quick or liquid asset / Current liability

TABLE NO 4.2
QUICK RATIO
Year Quick assets Current liability Ratio
2017-2018 11710766 97930412 0.12
2018-2019 15259223 99462724 0.15
2019-2020 18040250 105040105 0.17
2020-2021 32912788 124003381 0.27
2021-2022 26270545 141628689 0.19
Source: Secondary data.
INTERPRETATION:
The above table indicates that the extent to short term creditor is not safe in term
liquidity of the quick assets. Thus lower the value of the quick ratio, liquid the firm is more
ability is has to pay the bills.
How ere a quick ratio of 1:1 is considered generally satisfaction. The company
maintain below standard of quick ratio.
As per the study the quick ratio varies from 0.12 (2017-2018) to 0.27 (2020-2021)

21
 CHAT NO 4.2 QUICK RATIOS

0.3
0.27

0.25

0.2 0.19
0.17
0.15
0.15
0.12

0.1

0.05

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

22
 TABLE
ABSOLUTE LIQUID RATIO OR CASH RATIO

Absolute liquid ratio otherwise called cash ratio or super quick ratio. This ratio is
calculated when liquidit y is highly restricted in terms of cash and cash equivalents.
A bsolut e li q u id r a t io = Ab solu t e liquid as s et / Cur re n t liabi lit y
TABLE NO 4.3
ABSOLUTE LIQUID RATIO OR CASH RATIO
Year Absolute liquid Current liability Ratio
Assets
2017-2018 4634485 97930412 0.05
2018-2019 4993839 99462724 0.050
2019-2020 6149819 105040105 0.06
2020-2021 6362597 124003381 0.05
2021-2022 5584963 141628689 0.04
Source: Secondary data.
INTERPRETATION:
The above table indicates that the extent to short term creditor is not safe in term
liquidity of the Absolute liquid assets. Thus lower the value of the absolute liquid ratio, liquid the
firm is more ability is has to pay the bills. The company maintain below standard of absolute
liquid ratio or cash radio.
How Absolute liquid ratios of 0.5:1 are is considered generally satisfaction.
As per the study the absolute liquid ratio varies from 0.04 (2019-2020) to 0.06 (2017-2018)

23
 CHART NO 4.3
ABSOLUTE LIQUID RATIO OR CASH RATIO

0.07

0.06

0.05

0.04

0.03 0.06
0.05 0.05 0.05
0.02 0.04

0.01

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

24
 TABLE
PROPRIETARY RATIO

Proprietary ratio relationship between proprietor’s funds to total assets. This is a variant
of the debt equity ratio. If is also known as equity ratio or net worth to total assets. Proprietary /
equity ratio indicates the long-term or future position of the business.
Proprietary ratio or equity ratio = Shareholder Funds / Total assets

TABLE NO 4.4
PROPRIETARY RATIO

Year Shareholder’s Total assets Ratio

2017-2018 12500590 171940297 0.072
2018-2019 134965874 154501056 0.87
2019-2020 132986908 146928522 0.91
2020-2021 125558577 158746800 0.08
2021-2022 138956808 153330953 0.906
Source: Secondary data.

INTERPRETATION:
The above table indicates that the extent to long term creditor is safe in term liquidity of
the share-holders fund. Thus higher the value of the proprietary ratio, liquid the firm is more
ability is has to pay the bills.
As per the study the proprietary ratio varies from 0.61 to 0.69 (2020-2021 and 2021-2022)

25
 CHART NO 4.4 PROPRIETARY RATIOS

0.9

0.8

0.7

0.6
0.5
0.87 0.91 0.906
0.4

0.3

0.2
0.1
0.072 0.08
0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

26
 TABLE
FIXED ASSETS RATIO

This ratio establishes the relationship between long term funds (equity plus long-term
loans) and fixed assets. Since financial management advocates that fixed assets should be
purchased out of long term funds only.
Fixed assets ratio = Fixed asset / Total long-term funds

TABLE NO 4.5
FIXED ASSETS RATIO
Year Fixed assets Total long-term Ratio
Funds
2017-2018 108771383 12500596 8.1
2018-2019 90377856 134965874 0.67
2019-2020 78942451 132986908 0.59
2020-2021 75713433 1255585777 0.60
2021-2022 76074491 138995608 0.55

Source: Secondary data.

INTERPRETATION:
The table show the company relationship with fixed assets and total long term funds.
They finding is 2013 – 2014 th year is more than highest long-term solvency.
As per the study the fixed asset ratio varies from 0.55 (2021-2022) to 8.1 (2017-2018)

27
 CHAT NO 4.5 FIXED ASSETS RATIO

9
8.1
8

1 0.67 0.59 0.6 0.55

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

28
 TABLE
CURRENT ASSET TO FIXED ASSET RATIO

This ratio relationship between fixed assets and current assets.

Current asset to fixed asset ratio = Current asset/ Fixed asset

TABLE NO 4.6
CURRENT ASSET TO FIXED ASSET RATIO
Year Current asset Fixed asset Ratio
2017-2018 93338180 108771383 0.86
2018-2019 64123200 90377856 0.71
2019-2020 67986071 78942451 0.86
2020-2021 83033367 75713433 1.1
2021-2022 77256462 76074491 1.01

Source: Secondary data.

INTERPRETATION:
The table shows the current asset to fixed asset was analysis to the relationship between
current assets to fixed asset. The better level is 2019 – 2020.
As per the study the current assets to fixed assets ratio varies from 0.71 (2019-2020) to 1.1
(2020-2021)

29
 CHAT NO 4.6 CURRENT ASSETS TO FIXED ASSET
RATIO

1.2

0.8

0.6
1.1
1.01
0.4 0.86 0.86
0.71

0.2

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

30
 TABLE
PROFITS BEFORE TAX RATIO

This ratio also known as the net profit to sales ratio and net profit margin. “It measures
the rate of the net profit per unit of sales. It is determined by dividing the net profit to the net
sales for the period.
Profit before tax ratio = Profit before tax / Total income x 100

TABLE NO 4.7
PROFIT BEFORE TAX RATIO

Year Profit before tax Sales Ratio

2017-2018 -4213098 173497725 -2.43
2018-2019 210536 180564533 0.17
2019-2020 1978966 209283079 0.94
2020-2021 -13359321 188299987 -7.09
2021-2022 8166959 216855525 3.77

Source: Secondary data.

INTERPRETATION:
The table shows the profit after tax was analysis to the relationship of the profit before
tax and sales. The better level is 2021-2022.
As per the study the profit before tax ratio varies from -7.09 (2020-2021) to 3.77 (2019-2020)

31
 CHART NO 4.7 PROFIT BEFORE TAX RATIO

2 3.77

0.94
0 0.17
-2.43
-2

-7.09
-4

-6

-8

32
 TABLE
NET PROFIT RATIO

This ratio relationship between net profit to sales.

Gross profit to sales ratio = net profit / Sales

TABLE NO 4.8
NET PROFIT RATIO

Year Net profit Sales Ratio

2017-2018 -16721714 173497725 -9.6
2018-2019 210536 18056453 1.17
2019-2020 1978966 209283079 1.0

2020-2021 7428331 216855525 3.4

2021-2022 -13398231 188299987 -0.071

Source: Secondary data.

INTERPRETATION:
The table shows the net profit to sales was analysis to the relationship between gross
profit and sales. The better level is 2019 – 2020.
As per the study the gross profit and sales ratio varies from -9.6 (2021-2022) to 3.4 (2017-2018)

33
 CHART NO 4.8 GROSS PROFITS TO SALES Ratio

4
2 3.4
1.17 1
0 -0.071
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
-2

-4
-9.6
-6

-8

-10

-12

34
 TABLE
WORKING CAPITAL TURNOVER RATIO

Working capital means excess of current assets over current liabilities. Working capital
turnover ratio indicates the number of times of the working capital is converted into sales.
Working capital turnover ratio = Sales / Net current asset

TABLE NO 4.9
WORKING CAPITAL TURNOVER RATIO
Year Sales Net current asset Ratio
2017-2018 173497725 -4592232 -37.78

2018-2019 18056453 -35339524 -0.5

2019-2020 209283079 -37054034 -5.6
2020-2021 216855525 -40970014 -5.29
2021-2022 188299987 -64372227 -2.9

Source: Secondary data.

INTERPRETATION:
The table show the working capital stature in the year wise. They indicate working
capital is very poor mange of the company because the study period is all negative result.
As per the study the working capital turnover ratio varies from -37.78 (2017-2018) to -0.5 (2018-
2019)

35
 CHART NO 4.9 WORKING CAPITAL TURNOVER RATIO

0 -0.5
-2.9
-5.6 -5.29
-5

-10

-15

-20

-25

-30

-35
-37.78

-40

36
 TABLE
FIXED ASSETS TURNOVER RATIO

This ratio establishes the relationship between sales or cost of goods sold and fixed
assets. It determines whether the investment made in fixed assets has really helped in generating
sales. It used to effect improvement, it any in sales due to increased investment in fixed assets.
Fixed assets turnover ratio = Total income / Net fixed assets

TABLE NO 4.10
FIXED ASSETS TURNOVER RATIO

Year Total income Fixed assets Ratio

2017-2018 108771383 12500590 8.1
2018-2019 90377856 134965874 0.67
2019-2020 78942451 132986908 0.59
2020-2021 75713433 125558577 0.60
2021-2022 776074491 138995608 0.55

Source: Secondary data.

INTERPRETATION:
The table is show fixed asset is which year to more effective to use to the duration. They
good and more effective to invest 2017 – 2018.
As per the study the fixed assets turnover ratio varies from 0.55 (2019-2020) to 8.1

37
 CHART NO 4.10
FIXED ASSETS TURNOVER RATIOS

9
8.1
8

1 0.67 0.59 0.6 0.55

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

38
 RETURN ON EQUITY RATIO
This ratio relationship between the profit after tax and the shareholders’ funds
Return on equity ratio = Profit after tax / Shareholders fund x 100

TABLE NO 4.11
RETURN ON EQUITY RATIO

Year Profit after tax Shareholders fund Ratio

2017-2018 -16721714 12500590 -133.76
2018-2019 210536 134965874 0.15
2019-2020 1978966 132986908 1.47
2020-2021 7428331 125558577 6
2021-2022 -13398231 138958808 -9.1

Source: Secondary data.

INTERPRETATION:
The table show the return on equity was analysis to the relationship between profit after
tax and shareholders fund. The most better level is 2018-2019.
As per the study the return on equity ratio varies from -133.76(2021-2022) to 1.47 (2017-2018)

39
 CHAT NO 4.11
RETURN ON EQUITY RATIO

20
6
0.15 1.47
0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
-20 -9.1

-40

-60

-80

-100

-120

-140 -133.7

-160

40
 TABLE
EARNING PER SHARE RATIO

This ratio relationship between the net profit numbers of share.

Earnings per share ratio = Net profit / No of share

TABLE NO 4.12
EARNING PER SHARE RATIO

Year Net profit No of share Ratio

2017-2018 -16721714 14767700 -1.13
2018-2019 210536 14767700 0.01
2019-2020 1978966 14767700 0.13
2020-2021 7428331 14767700 0.55
2021-2022 13398231 14767700 -0.90

Source: Secondary data.

INTERPRETATION:
The table shows the Earning per share was analysis to the relationship between Net profit
and no of share. The better level is 2020-2021.
As per the study the earning per share ratio varies from -1.13 (2020-2021) to 0.55(2021-2022)

41
 CHART NO 4.12
EARNING PER SHARE RATIO

0.8

0.6 0.55

0.4
0.2 0.13
0.01
0
-0.2

-0.4

-0.6

-0.8
-1 -0.9
-1.2 -1.13
-1.4

42
 TABLE
BOOK VALUE OF AN EQUITY SHARE RATIO

This ratio relationship between the shareholders fund and no of share.

Book value of an equity share = Shareholders fund / No of share

TABLE NO 4.13
BOOK VALUE OF AN EQUITY SHARE RATIO

Year Shareholders fund No of share Ratio

2017-2018 12500590 14767700 0.8
2018-2019 134965874 14767700 9.139
2019-2020 132986908 14767700 9.00
2020-2021 125558577 14767700 8.5
2021-2022 138956808 14767700 8.5

Source: Secondary data.

INTERPRETATION:
The table shows the book value of an equity share was analysis to the relationship
between shareholders fund and no of share. The better level is 2018-2019.
As per the study the book value of an equity share ratio varies from 0.8 (2019-2020) to 9.139
(2021-2022)

43
 CHART NO 4.13
4.13 BOOK VALUE OF AN EQUITY SHARE RATIO

10
9.14 9
9 8.5 8.5
8

2
0.8
1

0
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022

44
 CHAPTER-V
FINDINGS

 As per the study the current ratio varies from 0.5 (2020-2021) to 0.95 (2017-2018)
 As per the study the quick ratio varies from 0.12 (2017-2018) to 0.27 (2020-2021)
 As per the study the absolute liquid ratio varies from 0.04 (2019-2020) to 0.06 (2017-
2018)
 As per the study the proprietary ratio varies from 0.61 (2020-2021) to 0.69 (2021-2022)
 As per the study the fixed asset ratio varies from 0.55 (2021-2022) to 8.1 (2017-2018)
 As per the study the current assets to fixed assets ratio varies from 0.71 (2019-2020) to
1.1 (2020-2021)
 As per the study the profit before tax ratio varies from -7.09 (2020-2017) to 3.77 (2019-
2020)
 As per the study the gross profit and sales ratio varies from -9.6 (2018-2019) to 3.4
(2021-2022)
 As per the study the fixed assets turnover ratio varies from 0.55 (2017-2018) to 8.1(2019-
2020)
 As per the study the fixed assets turnover ratio varies from 0.55 (2017-2018) to 8.1(2013-
2014
 As per the study the return on equity ratio varies from -133.76(2018-2019) to 1.47 (2019-
2018)
 As per the study the return on equity ratio varies from -1.13 (2021-2021) to 1.47 (2021-
2022)

45
 SUGGESTION

 The company maintain very poor short term solvency position of theduring the
study period.
 Proper management of working capital will improve the liquidityposition.
 Proprietary ratio has to maintain.
 Earnings pershare has to maintain.
 The fixed assets value is improved better way of long-term solvency.
 The current assets to fix ratio are to be improving to have a goodliquidity.
 Debt equity ratio is maintained.

46
 CONCLUSION

From the analysis of the financial statement of Sri siva sakthi industryduring the study
period it can be concluded that the financial performance of to short-term solvency very poor and
long-term liquidity, that is solvency assets and liabilities position profitability in relation to total
income and comparative balance sheet analysis is good certain areas needs to be improved like
long-term solvecy fixed assets etc.,

47
 REFERENCE

1. Hayes, Adam. "Finance". Investopedia. Retrieved 2022-08-03.

2. Gippel, Jennifer K (2012-11-07). "A revolution in finance?". Australian Journal of
Management. 38 (1): 125–146. doi:10.1177/0312896212461034. ISSN 0312-8962.
S2CID 154759424.
3. "Finance", UCAS Subject Guide.
4. Anthony P. Carnevale, Ban Cheah, Andrew R. Hanson (2015). "The Economic Value of
College Majors". Georgetown University.
5. Allen, Michael; Price, John (2000). "Monetized time-space: derivatives – money's 'new
imaginary'?". Economy and Society. 29 (2): 264–284. doi:10.1080/030851400360497.
S2CID 145739812. Retrieved 3 June 2022.
6. See e.g., Bank of Finland. "Financial system".
7. "Introducing the Financial System | Boundless Economics". courses.lumenlearning.com.
Retrieved 2020-05-18.
8. "What is the financial system?". Economy.
9. "Personal Finance - Definition, Overview, Guide to Financial Planning".Corporate
Finance Institute. Retrieved 2019-10-23.
10. Publishing, Speedy (2015-05-25). Finance (Speedy Study Guides). SpeedyPublishing
LLC.
11. "Personal Finance - Definition, Overview, Guide to Financial Planning".
Corporate Finance Institute. Retrieved 2020-05-18.

12. Snowdon, Michael, ed. (2019), "Financial Planning Standards Board",Financial

Planning Competency Handbook, John Wiley & Sons, Ltd, pp.

48
 SRI SIVS SAKTHI INDUSTRY BALANCE SHEET ANALYSIS

BALANCE SHEET OF SRI

SIVA SAKTHI INDUSTRY

2022-2021 2021-2020 2020-2019 2019-2018 2018-2017
(in Rs.Cr.)

12 month 12 month 12 month 12 month 12 month

NON-CURRENT

LIABILITIES

Long Term Borrowings

25,125.06 22,825.80 25,751.33 20,855.55 19,855.86
Deferred Tax Liabilities [Net]
4,257.02 3,855.70 8,522.01 5,555.85 2,986.85
Other Long Term Liabilities
3,955.75 2,985.05 2,858.02 2,485.85 769.09
Long Term Provisions
2,157.55 1,855.78 1,285.39 1,859.33 2,789.66
TOTAL NON-CURRENT
35,495.38 31,522.33 38,416.75 30,756.58 26,401.46
LIABILITIES

CURRENT LIABILITIES

Short Term Borrowings

6,575.55 658.89 10.95 3,455.88 4,358.88
Trade Payables
11,785.55 11,875.00 10.852.36 9,358.85 7,585.14
Other Current Liabilities
12,562.03 11,952.89 14,585.85 7,585.88 6,584.58
Short Term Provisions
750.88 853.88 682.12 822.63 1,584.85
TOTAL CURRENT
31,674.01 25,340.66 15,278.92 21,223.24 20,113.45
LIABILITIES

TOTAL CAPITAL AND

167,923.48 142,157.48 134,239.18 129,949.55 116,287.28
LIABILITIES

49
ASSETS
NON-CURRENT
ASSETS
Tangible Assets 69,855.66 68,955.52 69,752.33 68,578.03 23,855.55
Intangible Assets 658.2 750.2 658.55 850.66 458.89
Capital Work-In-Progress 7,502.41 4,585.02 4,587.89 7,895.85 25,879.55
Other Assets 0 0 0 0 0
FIXED ASSETS 78,016.27 74,290.74 74,998.77 77,324.54 50,193.99
Non-Current Investments 44,856.00 35,548.89 7,552.55 7,855.25 50.598.58
Deferred Tax Assets [Net] 0 0 0 0 0
Long Term Loans And 188 185.05 195.25 255.5 2,586.55
Advances
Other Non-Current Assets 3,755.58 3,452.25 3,158.58 3,985.58 215.51
TOTAL NON- 126,815.85 113,476.93 85,905.15 89,420.87 52,996.05
CURRENT ASSETS
CURRENT ASSETS
Current Investments 2,589.80 485 9,585.55 10,855.58 3,585.50
Inventories 9,584.55 11,355.50 9.858.5 8.588.58 7,899.55
Trade Receivables 990.58 1,155.58 1,685.50 1,725.50 755.89
Cash And Cash 1,582.58 652 3,590.36 751 650.00
Equivalents
Short Term Loans And 1,488.89 60.58 98 38 25.00
Advances
Other Current Assets 1,258.59 2,985.55 1,578.00 1,250.50 100
TOTAL CURRENT 167,923.48 142,157.48 134,239.18 129,949.55 116,287.28
ASSETS
TOTAL ASSETS 160,850.30 137,120.25 120,202.10 120,650.30 112,243.18

50