CHAPTER I

INTRODUCTION
The traditional package of final accounts and statements, though very
significant statements, have such as limited role to play in financial statement
the balance sheet and profit and loss account or income statement of business
reveal the net effect of the various transaction on operational and financial
position of the company. The balance sheet gives a summary of the assets and
liabilities of an undertaking at a particulars of time . It reveals the financial
position of the company . The profit and loss reflect the result of the business
operations for a period of time . It contains a summary of expenses incurred
and the revenue realised in an accounting period.
Every company prepares the balance sheet at the end of its accounting
year. It reveals the financial position of the company at a certain point of time.
It portrays the financial position of the undertaking, the asset side showing the
development of resources in various types of properties and the liabilities side
indicating the manner in which these resources were obtained. The income
statement measures the change in owner equity as a result of periodic operating
activities. Income statement and balance sheet have a limited role to perform.
Income statement measures flow restricted to transaction that pertaining to
productive and commercial activities . The balance sheet is merely a static
statement . It is a statement of asset and liabilities on a particular date, balance
sheet does not show the movement of funds. In business concern, funds flow
from different sources and similarly funds are invested in various sources of
investment. It is a continuous process. The study and control of this funds -flow
process is the main obective of financial management to assess the soundness
and the solvency of a firm. The traditional statement balance sheet and profit
and loss account of a business tell little about its flow of funds, i.e. financing
1
and investing activities over the related period. !ence, the need of another
statement to account for periodical increase or decrease of funds of an
enterprise. This statement is called fund flow statement. The effectiveness of
financial management in generating funds from various sources and using
them effectively for generating income without sacrificing the financial health
of the entity is reflected in the statement of funds.
MEANING FUNDS FLOW STATEMENT
The fund flow statement is a financial statement which reveals the
methods by which the business has been financed and how it has used its funds
between opening and closing balance sheet dates. Thus ,a fund flow statement
is a report on movement of funds explaining wherefrom work capital
originates and where into the same goes during an accounting period . This
statement consists of two parties - "#$ sources of funds "%$ application of
funds. The difference between two shows the net change in the working
capital during the period.
&und flow statement is a statement which indicates various means by
which the funds have been obtained during a certain period and the ways to
which these funds have been used during that period. The term 'funds' used
here means working capital , i.e., excess of current asset over current
liabilities.
DEFINITION OF FUND FLOW STATEMENT
(ccording to proof (nthony, ) The fund flow statement describes the
sources from which additional funds were derived and the uses of which this
funds where put. )
(ccording to I.C.W.A. )fund flow statement is a statement either
prospective or retrospective , setting out the sources and application of the
fund of an enterprise.
2
IMPORTANCE OF FUND FLOW STATEMENT
&unds &low statement is a useful tool in the financial manager's
analytical kit. The basic purpose of this statement is to indicate where funds
came from and where it was used during the certain period. &ollowing are the
uses of this which show its importance*
#. &und &low +tatement determines the financial consequences of business
operation. It shows how the funds were obtained and used in the past.
&inancial manager can take corrective actions.
%. The management can formulate its financial policies, dividend and
reserve etc. on the basis of the statement.
,. It serves as control device, when comparing with budgeted figures. The
financial manager can take remedial steps, if there is any deviation.
-. It points out the sound and weak financial position of the enterprise.
.. It enables the bankers , creditors or financial institutions in assessing the
degree of risk involved in granting credit to the business.
/. The management can rearrange the firm's financing more effectively on
the basis of the statement.
0. 1arious uses of funds can be known and after comparing them with the
uses of previous years , improvement or downfall in the firm can be
assessed.
2. The statement comprised with the budget concerned will show to what
extent the resources of the firm were used according to plan and to what
extent the utilisation was unplanned.
3
LIMITATION OF FUND FLOW STATEMENT
#. The statement lacks originality because it is only a rearrangement of
data appearing in accounts books.
%. It indicates only the post position and not future.
,. It indicates fund flow in a summary form and it does not show various
changes which takes places continuously.
-. 3hen both the aspects of a transaction are current, they are not
considered.
.. 3hen both the aspects of a transaction are non - current, even then they
are not included in this statement.
/. It is not an ideal tool for financial analysis.
0. It is not an original statement but simply a rearrangement of data in the
financial statement.
OBJECTIVES OF FUND FLOW STATEMENT
#. The main obectives of fund flow statement are4
%. To show how the resources have been obtained and used.
,. To indicate the result of current financial management.
-. To throw light upon the most important changes that have taken place
during a specific period.
.. To show how the general expansion of the business has been financed
/. To indicates the relationship between profit s from operations,
distribution of dividend and raising of new capital or term loans.
0. To have assessment of the working capital position of the concern.
4
CHAPTER II
COMPANY PROFILE
+ugar is sweet but producing of sugar is not that much of sweet. +ugar
factory is an agro-based industry. (lmost all the sugar factories are in the rural
area contributing its own share to the 5ation.
+ugar Industry is the largest agro-based industry in India next to cotton.
India is the highest producer of sugar cane in the world and 6uba, (ustralia and
+outh (merican 6ountries fall in this line. In India, 7ttarapradesh is the highest
cane producing state followed by 8aharastra, Tamil 5adu ranks third in
productivity of sugar cane.
The raw material for sugar factory is cane, besides a main product of
sugar that comes under the essential commodities (ct, they are also producing
by-products such as 8olasses 9:aggasse. The sugar factory gives direct and
indirect employment opportunity to most of the people in that area. The sugar
factories are also earns foreign exchange by way of exporting of sugar.
In Tamil 5adu there are #/ 6ooperative 9 , public sector sugar 8ills
and #; private sugar 8ill. (mong the ,2 +ugar 8ills the 5(<I==I+(I
=7>(1(?@.?.?(8(+(8A 6B-B= +7C(? 8I>>+ >td, is one of them.
2.1 REGISTRATION OF THE MILLz
5adidipisai =ulavar @.?.?amasamy 6oop. +ugar 8ills >td., was
registered under the 6o-operative +ocieties (ct,#;/# on #/.D2.#;2- with an
installed capacity of #%.D T6< "Tonne 6apacity per day$. and the society was
called 8ayiladuthurai 6oop. +ugar 8ill >td., and its licence 5o is <+/. >ater
on the 8ill was renamed as 5adippisai =ulavar @.?.?amasamy 6oop. +ugar
8ills >td. The mill started its maiden crushing during #;20 . The crushing
capacity has been expanded from #%.D T6< to ,.DD T6< and the crushing
5
with expanded capacity was started crushing during #;;.-;/ season.
The 8ill is having its own ?egistered by- law governing the rules and
?egulation. The 8ill has to follow all other statutory provision and standing
orders.
The main obect of the society shall be ETo 8anufacturing of 3hite
sugar from sugar cane and +ale of sugar so manufactured along with the by-
products to the best advantage of members.)
2.2 LOCATION OF THE FACTORY
The 8ill is situated in Thalainayar village, 8ayiladuthurai Talk in
5agapattinam <istrict, which is about #, @ms 5orthern side from
8ayiladuthurai and . @ms west from 1aitheeswarankoil and / @ms East from
8analmedu with an extent of ;-.-- acres of land.
2.3 AREA OF OPERATION
The area demarcated by the 6ommissioner of +ugar and 6ane
6ommissioner for registering and drawing cane for our 8ills crushing is as
follows *
Nam !" D#$%&#'% Nam !" Ta()*
#. 5agapattinam "=art$ #. +irkali "&ull$
+irkali
1aitheswarankoil
8adhanam
+. =uthur
Tiruvengadu
5agapattinam "=art$ %. 8ayiladuthurai "=art$
8ayiladuthurai
=attavarthy
8analmedu
=alaiyur
@uthalam
5agapattinam "=art$ ,. Tranquebar "=art$ 8elaiyur
6
Nam !" D#$%&#'% Nam !" Ta()*
%. Thanavur "=art$
-. Thiruvidaimaruthur
"&ree will area$
Thiruvidaimaruthur
@athiramangalam
(uduthurai
Thiruppanandal
=andanallur
6ane <epartment is functioning with ten divisions at present. They are
managed by ; 6ane Bfficers and -; 6ane (ssistants.
Nam !" %+ D#,#$#!-$ .#%+ -)m/& !" $'%#!-
S(.N!. Nam N!. S'.
#. 8ayiladuthurai /
%. @uttalam .
,. Thirupanandal -
-. =andanallur -
.. 8analmedu 0
/. Elanthoppu -
0. 8illsite .
2. +irkali 2
;. Thiruvengadu -
#D. 5idur -
T!%a( 01
2.1 MEMBERSHIP AND PAID UP SHARE CAPITAL
The (uthorised +hare 6apital of the +ociety will be #% crores "or$ #%DD
7
lakhs divided into / lakhs shares of ?s. %DDF- each. The several classes of the
share and persons are,
"i$ 6ane producing members are under )() calss
"ii$ 5on producing members other than Covernment under ):) 6lass.
"iii$ Covernment under )6) 6lass.
The members should pay ?s. .F- as enterance fees for each share of ?s.
%DDF-, The member should purchase minimum . share of ?s. %DD each is ?s.
#DDDF- with ?s. %.Fas an entrance fees. a member can purchase any number of
share with entrance fees maximum limit of ?s.#DD.
The Covernment of Tamil 5adu shall be entitled to take shares upto?s.
-DDF- laksh or to such limit as may be stipulated by the 5ational 6ooperative
<evelopment 6orporation. Every member is entitled to receive the share
certificate on free of cost to the shares allotted to them.
8
Mm/&$+#2 a-3 Pa#3)2 S+a& Ca2#%a(
Ya& G!,&-m-% 4C5 C(a$$ I-3#,#3)a( 4A4 C(a$$ T!%a(
N!. Am!)-% R$. N!. Am!)-% R$. N!. Am!)-% R$.
#;;/-;0 # ,;D,.%DD #,%// /#/;D2DD #,%/0 #DD0%/DDD
#;;0-;2 # ,;D,.%DD #-D#; /%.-D2DD #-D%D #D#.0/DDD
#;;2-;; # ,;D,.%DD #-D#; /%.-D2DD #-D%D #D#.0/DDD
#;;;-DD # ,;D,.%DD #-2.. /%;22/DD #-2./ #D%D%,2DD
%DDD-D# # ,;D,.%DD #-2.. /%;22/DD ##-2./ #D%D%,2DD
%DD#.D% # ,;D,.%DD #.2;, /.DD//DD #.2;- #D-D-#2DD
%DD%-D, # ,;D,.%DD #/,%. //;#//DD #/,%/ #D.;.#2DD
%DD,-D- # ,;D,.%DD #/,%. //;#//DD #/,%/ #D.;.#2DD
%DD--D. # ,;D,.%DD #/;#; /0D.%/DD #/;%D #D/D202DD
%DD.-D/ # ,;D,.%DD #2D#% /;/%;DDD #2D#, #D2//-%DD
%DD/-D0
%DD0-D2
#
#
,;D,.%DD
,;D,.%DD
#2D#%
#;//.
/;/%;DDD
0,D0//DD
#2D#,
#;///
#D2//-%DD
##%###2DD
%DD2-D;
%DD;-#D
#
#
,;D,.%DD
,;D,.%DD
%D-%;
%D-%;
0,,;0/DD
0,,;0/DD
%D-,D
%D-,D
##%-,%2DD
##%-,%2DD
%D#D-## # ,;D,.%DD %D-%; 0,,;0/DD %D-,D ##%-,%2DD
S!)&'6 +econdary <ata from the records of 5=@??.
The indicates that share capital position of the Industry.
S)7a& Ya&8 S)7a& Sa$!-$
Cenerally +ugar 8ills are following sugar year or sugar season. The
sugar seasons begin from #st Bctober to ,Dth +eptember and called as in other
words sugar year. The production and crushing activities are followed by the
sugar mills only on sugar seasons. The sugar mill carring its production
9
activitity . to / months and remaining periods are utiliGed for overhauling of
the machineries.
ADMINISTRATION8.ORGANISATION6
The 5.=.@.?.? co-operative +ugar 8ills is (dministrated by an officer
in the rank of <istrict ?evenue Bfficer F Hoint ?egisteror. The Covernment of
Tamil 5adu has posted an officer to work as (dministrator of the mills on
&oreign +ervice with terms and conditions. (t present the functions of the
:oard of <irectors is being carried out by the (dministrator of the mills under
the guidelines of the commissioner of +ugar who is ?egistrar of 6o-operative
societies for 6o-operative +ugar 8ills.
(ll cooperative and public sector +ugar 8ills are having &ederation at
6hennai. 6alled Tamil 5adu 6oop. +ugar &ederation. "T56+& $ The +ales and
8aor items of purchases are routed through "or$ made by the sugar
&ederation.at 6hennai.
In the unit level the Brganisation is in four maor <epartment.
"i$ 6ane department
"ii$ Engineering department
"iii$ 8anufacturing department
"iv$ (dministration 9 accounts
The requirement of officers , staff and workers for the organiGation is
fixed by the :y-law of the mill based on the Iualification .The total
employees are classified as seasonal employees and regular employees. The
seasonal employees are working during crushing period only. The regular
employees are working throughout the year. The salaries and wages are fixed
through sugar wage :oard on +ettlement.
10
EMPLOYEES POSITION
?equirements of officers, staff and workers the qualification fixed :y J
>aw of sugar mill. The mill has lay-off the seasonal workers in the off-season.
The total employees are classified as two categories.
#. +easonal employees
%. ?egular employees
The seasonal employees are working during the crushing period only.
The regular employees are working throughout the year.
STAFFING PATTERNS AS ON 31.90.2912
S.N! D2a&%m-% R7)(a& Sa$!-a( T!%a(
# (dministration and (ccounts #,% ; #-#
% 6ane /D # /#
, Engineering #%- /; #;,
- 8anufacturing ,- /# ;.
Total ,.D #-D
-;D
+ource* +econdary <ata from the records of 5=@??.
&rom the table it is inferred that the mill required only low level of employees
in such seasons.
(part from this strength -- 58?s are on the roll of the mills "working
on daily wage basis$ as on date.
11
1: GENERAL BODY6
"i$ +ubect to the provisions of the (ct, the rules made there under and
these by laws. The ultimate authority of the society shall vest in the
Ceneral :ody of its members.
"ii$ (pproval of the annual budget.
"iii$ 6onsideration of the (udit report and the (nnual report.
"iv$ <isposal of 5et profits.
"v$ The Iarum for a meeting of the general body shall be #DD or one fifth
of the total number of members, whichever is less.
"vi$ >astly Ceneral :ody 8eeting held on %,.#D.%DD; and accounts
submitted upto %DD2-D;
2: AWARDS
#;20-22 Covt. of Tamil 5adu (ward for without accident of >ong
duration of crushing
#;20-22 <r. 5. 8ahalingam (ward for best manufacturing
#;22-2; (ward for best cane <evelopment activities in +outh
India
#;22-2; 5ational (ward for Efficiency
#;2;-;D 5ational 6o-op. +ugar &ederation (ward for first grade in
8edium sugar recovery Gone.
#;2; Covt. of Tamil 5adu (ward for >ow percentage of
(ccident
12
#;;D Covt. of Tamil 5adu +afety (ward for without (ccident
of >ong duration.
#;;D-;# <r. 5. 8ahalingam (ward for 6ane <evelopment
(ctivities.
#;;#-;% <r. 5. 8ahalingam (ward for 6ane <evelopment
(ctivities.
#;;%-;, <r. 5. 8ahalingam (ward for 6ane <evelopment
(ctivities.
VARIETIES OF CANE6
The sugar mill has arranged the following cane varieties for planting
which is contains high sucrose.
#. 6B6 /0#
%. 6B6 2.D/#
,. 6B +I 2/D0#
-. 6B 2/D,%
.. 6B6 ;%D/#
/. 6BC ;,D0/
0. 6B 00/
2. 6B /,D-
;. 6B 2D%#
#D. 6B 00D-
13
CANE PRICE6;
(lmost all sugar factories in Tamil 5adu are paid the cane price in three
different types to the cane suppliers F cane growers.
<#: S%a%)%!&= M#-#m)m 2&#' 6; <SMP:
The Covernment of India has fix the statutory minimum cane price
under the sugar 6ane "control$ order #;//.It is also known us , "a$ price. This
price has to be paid to the cane growers by the mills within #- days from the
date of supply of cane, failing which the 8ills has to pay interest at the rate
of #.K under the sugar cane control order, the 8ill has paid the cane price
upto . "a$ price fixed by the Covt. of India which is calculated after the season
is over or next year.
<##: STATE ADVISORY PRICE <SAP:6
Bver and above the +8= the Covt of Tamilnadu has announced the cane
price is called +tate advisory price. In other words the Tamil 5adu
Covernment has also announced the cane price for the seasons to the cane
supply that amount is also to be paid to the cane Crowers along with +8=. is
price is called +(=.
<###: ADDITIONAL CANE PRICE6<ACP:
The cooperative and public sector sugar mills in Tamil 5adu pay the
(dditional cane price as an Incentive to the cane growers. The (6= is normally
fixed depending upon the profit earned by the concerned sugar mills in that
particular seasons. That is the one portion of the seasons =rofit is distributed
to the cane growers as an incentive.
14
YEAR SMP SAP TOTAL
%DDD-%DD# .;..DD #2D.DD 00..DD
%DD#-%DD% /-%.-D L-- LL--
%DD%-%DD, 0D,.%D -- --
%DD,-%DD- 0/-.DD -- --
%DD--%DD. 0-..DD -- --
%DD.-%DD/ 0;..DD %#;.DD #D#-
%DD/-%DD0 2D%..D %%%..D #D%.
%DD0-%DD2 2##.2D %%%.%D #D,-
%DD2-%DD; 2##.2D %22.%D ##DD
%DD;-%D#D #%;2.-D %,2./D #.,0
%D#D-%D## #,;#.%D .D2.2D #;DD
%D##-%D#% #-.D.DD ..D.DD %DDD
LCovt . of Tamilnadu was not declared.
LL 8ill has earned loss from #;;.-;/,this price is not eligible to declared.
PAYMENT OF CANE PRICE6;
6ane price is paid once in a week through :ank The weekly cane
payment bills are being generated through computer. The following recoveries
are effected while making cane payments,
a. Transport charges.
b. 6ane cutting labour charges.
c. <irect loans sanctioned by the mills with interest.
b$ >oans arranged by the mills from Covernment and other agencies.
15
c$ In the transport payment 4 a. <iesel cost
d$ Income Tax
2.0 TA>ES AND DUTIES6;
The following taxes and duties are being paid by the mills.
<a: PURCHASE TA> ? CESS6;
The mills has been paying of purchase Tax M ?s./DF- per 8T of cane
purchased and a cane cess of ?s..F- per 8T is being paid to Covernment of
Tamil 5adu.
</: SALES TA>6;
+ales tax is payable on the sale of molasses, baggasse and scrap as per
T5C+T (ct the tax is received from the purchaser and passed on to the
commercial Tax <epartment.
#$ +ales Tax for 8olasses - ,D K
%$ scrap - ?ates (s (plicable
,$ :aggasse - from #.#.%DD0 1(T introduced there
is no tax for sale of :aggasse.
<' : CENTRAL E>CISE DUTY
+ugar is coming under essential commodities act, that comes under
essential goods. The excise duty on sale of sugar is received from the purchaser
and paid to the excise <epartment every month.
16
6entral Excise <uty is payable by the mill as follows*-
#: O- $a( !" $)7a&
>E1A ?s./,.#-F Itl. 9 &?EE ?s.;0.#,F- Itl.
##: M!(a$$$ R$.@098;
2.A SALE OF SUGAR6
The ratio of levy and free quota from %DD#-%DD% seasons the entire
production of sugar is #D*;D The mill was entitled to avail #DDK free sale under
#;20 scheme "i.e.,$ from #;2/-20 to #;;,-;- seasons production . The sale and
movement of sugar is regulated by monthly release orders issued by the
Covernment of India under the sugar cane control order #;//. :ased on the
release order received from the Covernment of India , 5ew <elhi, the Tamil
5adu cooperative +ugar &ederation at chennai has arranged for tender to
selling the sugar, and the tender results has been forwarded to the concerned
mill. The mill has to release the sugar according to the tender result received
from the Tamil 5adu 6ooperative +ugar &ederation, 6hennai.
Sa( !" $)7a& <R$ #- La*+$:
AE(?
>E1A
:ags
>E1A
(mount
&?EE
:ags
&?EE
(mount
%DD--D. #,-D. #0-.-, #2D;-. %/;#.-%
%DD.-D/ 2/%D ##..#, #D0%0% #2-..,,
%DD/-D0 ,/D0- -2#.2% %,0,., ,2-%.D%
%DD0-D2 ,,D/. --#./, #;-#2- %-D...D
%DD2-D; ,D/D# -D2.0% %-2.%D -D02.#,
%DD;-#D -%%## #02..; %#/%;2 %,%-..#
%D#D-## #.D2- #20.2. #%0./D %0%#.DD
+ource* +econdary <ata from the records of the 8ill.
17
BY;PRODUCTS6;
a: Ba7a$$6;
The production of :agasse will be normally around ,D to ,%K of cane
crushed about 2DK of the :agasse will be utiliGed as fuel in the millNs :oilers
for =roduction of steam which is utiliGed for generation of electricity. The
?emaining quantity of :agasse is being sold to papers manufacturers"viG.$
8Fs.Tamil 5adu news print and papers limited, pugalur. The private parties (re
also purchased bagasse for their boiler to used as fuel,which is taxable 7nder
the T5C+T (ct.
/: P&$$m)36;
The production of pressmud will be around ,K of the cane crushed.
The Entire pressmud is being utiliGed to cane farm as fertiliGer.
': M!(a$$$6;
The production of molasses will be around -K to -.%.K of cane crushed
The production and sale of molasses was #DDK controlled by excise
department (nd consequently the state Covernment has also decontrolled sale
of molasses. (fter the decontrol , molasses is being sold in the open market by
tender system (nd it is conducted by Tamil 5adu cooperative sugar
federation, chennai and The price at which it is sold in the open market.
FINANCE AND ACCOUNTS
The mill has started its maiden crushing in #;2/-20 and was earning
profit upto #;;,-;-. The mill has gone to expansion from #%.D T6< to ,.DD
T6< in (pril #;;% and scheduled to complete the proect by Bctober #;;,.
The expansion proect was not completed as scheduled in Bctober #;;,, but
6ommissioning of the plant was completed on D;.D..#;;/ and full load
performance trial was performed in #;;2-;; season between #..D,.#;;; to
18
,#.D,.#;;; only.
6onsequent on the above non completion of expansion proect the mill
could not achieve its #DD K of capacity utilisation of /.D% lakhs 8T. of cane.
The 8ill has started incurring loss from the year #;;--;. onwards.
The cumulative loss upto %D#D-%D## is ?s. %00.#- crores.
The Covenment of Tamil 5adu granted 3ays 9 8eans (dvance for the
settlement of cane payment arrears as detailed below *
YEAR WISE RECEIPT OF WAYS AND MEANS FROM
GOVERNMENT
AMOUNT RS. IN LABHS RATE OF INTEREST
;,,D,;#,2;..DD #0K
#2,2;,DD,DDD.DD #-..K
%,%D,DD,DDD.DD #-..K
.,D-,DD,DDD.DD #%K
2,/-,DD,DDD.DD #DK
#.,2%,DD,DDD.DD #DK
T!%a( 0CDECDC1DEC0.99
WORBING CAPITAL ARRANGEMENT 6
The mill is availing cash credit arrangements from 8Fs. @umbakonam
6entral 6o-op. :ank >td., @umbakonam on pledge of stock of +ugar,
8olasses and stock of +tores with the consortium :ank of Trichy <istrict
6entral 6o-op. :ank >td., @anchipuram <istrict 6entral 6o-op. :ank >td.,
Erode <istrict 6entral 6o-op. :ank >td., Tamil 5adu +tate (pex 6o-op. :ank
>td., 6hennai.
DETAILS OF TERM LOAN OUTSTANDING 31.93.2911
19
S(.N! Pa&%#')(a&$
O)%$%a-3#-7
<R$. #- (a*+$:
#. +<& 5ew <elhi "Expansion$ 2##.%%
%. 56<6, 5ew <elhi 0DD.DD
,. 56<6, 5ew <elhi %0/,.%,
-. 3ays and 8eans (dvance .;2;.;%
.. T56+& >td. 6hennai #-D.DD
/. Bpen 8arket :orrowing #D%#.DD
T!%a( ##-%..,0
GODOWN MAINTENANCE
3e are having the following three godowns to accommodate the
production of sugar as follows. 3e are maintaining the godown as per the
instructions and guidelines issued by the 6ommissionerF<irector of +ugar
scrupulously.
S(.N!. G!3!.- Ca2a'#%= <#- F%($.:
# ( #,/.,DDD
% : #,%D,DDD
, 6 0D,DDD
Total ,,..,DDD
20
2.@ WELFARE FACILITIES
FACILITIES TO THE CANE GROWRS6
L!a- Fa'#(#%#$6
The following loans are recommended by the mill to the financing
organiGations.
#. 6rop >oan
%. Tractor Trailer >oan
,. =ower Tiller >oan
-. Bil engine >oan
.. +ubmersible 8otor >oan
/. Electrical 8otor >oan
0. Tyre cart >oan
2. Tipper >oan
S!#( T$% a-3 R!a3 D,(!2m-% S'+m6
The 8ill arranges soil test through soil research centre, (duthurai to the
cane grower with the cost of ?s.-F- per sample.
7nder the +ugarcane ?oad <evelopment scheme, the mill executes
different work they are as follows*
#. Thalainayar to @ondal 0.% @8 work completed
%. @oothanur to @elasoriyur -.2 @8 work completed
,. Ivanallur to 1illiyanallour ..- @8 survey work completed.
21
A7&#')(%)&a( Im2(m-%6
&or the purpose of the cultivation of sugarcane, the mill had purchases
spryer, rotavater and other (gricultural implements and issued to the grower
though <ivisional officers for 6oncessional hire charge. :esides depending
upon the need cane cutting knives are also purchased and sold to the growers.
1: SUGAR AT CONCESSIONAL RATE6;
+ugar is being distributed to the cane Crowers at the rate of O kg. =er
tonne of cane supply. +ugar issued at concessional rate per individual growers
at levy sugar price rate plus free +ugar excise duty.
2: PRIGE FOR HIGHIEST YIELD6;
The cane growers achieving the highest yield per acre at divisional level
is being awarded =riGe every year.
3: SUGAR CANE PRODUCTION LOAN8 SCALE OF FINANCE6;
The mill is having tie-up arrangement with kumbakonam central co-
operative bank and =anab 5ational :ank or issue of crop loan and other
agricultural loan.
1: SPORTS
+ports meets for cane growers of the area of operation of the mills are
being conducted Every year.
A. OTHERS6;
a$ +oil analysis report for renewing the condition of the land.
b$ To provide road facilities under the sugar cane development scheme.
c$ 1araital subsidy.
22
d$ +eed subsidy.
e$ Transport subsidy.
f$ To conduct educational tour in a year.
g$ To provide cane cutting labour and transporation.
TO THE EMPLOYEES6;
R$#3-%#a( F)a&%&$6
(ll officers, most of the supervisory staff and essential categories of
workers and staff have been provided with residential quarters inside the
premises of the mills.
CANTEEN6;
There is a =rivate canteen inside the premises of the mills. &or the
:enefit of the Employees
CO;OPERATIVE CREDIT SOCIETY6
(n employees co-operative credit society is functioning inside the
premises of the mills, from where the employees are availing loan upto
#,%.,DDDF-for regular employees and ?s .D,DDD for +easonal Employees.
SCHOOL6;
There is a recogniGed 5ursery and primary school ">@C to 1th
standard$ ?unning for the children of the employees and growers of the mills
and the general public of the nearby villages.
23
LEAVE FACILITIES
The following are the leave of 5.=.@.?.? 6o-Bp. +ugar 8ill >td. Every
worker is eligible for the following have facilities for a year.
#. Earned leave - ,D days
%. +ick leave - ;days
,. &estival leave - #2 days
-. 6asual leave - #% days
SUPPLY OF TE>T BOOBS6;
The mill is reimbursing the cost of the Text books and 5ote books to the
children of the employees restricted to maximum amount sanctioned by the
commissioner of sugar.
#. >@C to 1th standard - ?s..DF-
%. 1I th to Pth standard - ?s.0.F-
,. PI th and PII standard - ?s.#DDF-
"upto two children of the employee$
The mills is sanctioning interest free education loan to the children of
the employees and recovered in ten monthly installments.
#. Technical - ?s.#.DDF-
%. (rts6ollege - ?s.%DDDF-
,. =rofessional 6ourse - ?s.,DDDF-
"upto two children of the employee$
24
The mills is also presenting cash awards to xthstd and PII thstd to
meritorious children of the employees as #st and %nd price each year.
i$ !igher +econdary 6ourse "Q%$ J ?s.%DDDF- "I st =rice$
?s.#.DDF- "II price$
ii$ +.+.>.6. - ?s.#.DDF- "Ist price$
?s. #DDDF- "II nd priGe$
RECREATION CLUB6;
There are three ?ecreation clubs- one for officers, one for staff and
another for the workers. T.1. set has been provided for each club.
BANB6;
( :ranch of kumbakonam central co-operative bank >td, is functioning
in the =remises of the mills for the benefit of the employees and growers of the
mills and also for the benefit of public of living in surrounding villages.
DISPENSARY6;
The mill is having a <ispensary where treatment is given at free of cost
to the employees and their family members. =art Time <octor is working in the
mills <ispensary.
UNIFORMS6;
Three sets of uniforms are given to workers and certain categories of
employees and one pair of shoes supplied to security staff only as approved by
the commissioner of +ugar.
25
FREE TEA6;
Bne cup of tea is supplied every day for three shift during season and
also one varki is supplied to the employees attending night shift in addition to
night shift allowances. Bne cup of tea is supplied every day morning and
evening to the employees during off-season.
OTHERS6;
#. 5ight shift allowance.
%. &ree tea with ban in night shift.
,. 3ashing allowance.
-. Croup Insurance 9E<>I scheme benefit.
.. E=& contribution by mill.
/. Cratuty on retirement.
0. &ree medical treatment for accident case and 5otified disease.
2. >eave and wages for those who suffering with cancer, heart problem and
T:.
;. Interest free advances like festival, marriage advance.
#D. >oan facilities through bank and credit society.
AUDITING6;
The sugar mill is audited by coop department under &?#%0 Terms. The
(ssistant <irector of co-operative (uditor is audited the millNs accounts and the
audit certificate issued by the oint director of coop audit. The mill has audited
upto ,#.D,.%D## and There was accumulated loss of ?s.%00.#- crores.
26
PROFIT ALLOCATION
(ccording to the co-operative society (ct #;/#,all the societies are
allocated their net profit to the following heads*
#. 6o-operative ?esearch and <evelopment &und ,K
%. 6o-operative Education &und %K
,. ?eserve &und %DK
-. +hare <ividend #-K
.. +hare ?edemtion &und #DK
/. Trading ?edemption &und #DK
0. EqualiGation +hare ?edemption &und #DK
2. :uilding &und #DK
;. 6ommon Coods &und #DK
27
CHAPTER III
REVIEW OF LITERATURE
R!+#% Ram M!+a- <1C@@;CC: has studied a substantial increase in cost
due in delay in realiGation of receivables from customers financing of
expansions. The company has to be very cautious with regard to further capital
expenditure and will have to make all possible steps to achieve efficiency in
cost management. The credit facility enoy should be utiliGed in more efficient
manner. 8ore funds should not be blocked in current assets, so that the
collection period can be reduced.
C+a3&#*a. S <1CCE;1CCC: in her study the E&unds flow statement and
performance of 6antin !omes >tdR concluded that the liquidity position and
long term liquidity position is good. It is not finding any financial problem had
the repayment of housing loans given by the company is good. The financial
position of the company no doubt still is better.
SaH)2a)( <2999: attempt to analyse the E&inancial management of Excel
Classes >td, (lappuGha for this purpose the researcher collected the secondary
data from three companies for three years from #;;2-%DDD. The maor findings
of the unit were as follows. The current ratio of the company stood below the
standard norm %*# the quick ratio was not satisfying the norm. the cash and
bank balance of the company were very merge. The finance capacity was very
low during the period of his study.
Ba$+ B)ma& <2999: in his study on E&unds flow management of
!industan 8otors >td, 6ochinR for the year %DDD, found that the sales of the
company were showing an upward trend which reflected a growth in its
proect. The tools used by him were ratio analysis and comparative balance
sheet. (s per his analysis, the companyNs financial position is favorable.
G!&7 J!$2+ <2991: has studied the E&unds flow management of >.C
28
:olkrishnan and :ros >tdR. This obectives was study the financial position of
the company for the period of five years from #;;/-%DDD. !e concluded that
financial comparatively low because of high operating cost.
V#Ha=a B)ma&D B <2991;2992: has made a study on E&unds flow
management of premier Instruments and controls >td. &indings in his study
current ratio is satisfactory, profitability ratio and cash position is also be
satisfactory, quick ratio is also can be considered to be satisfactory, he has been
found that the company, financial position to be satisfactory.
N#%+=aD J <2992;2993: ( study on E&inancial working program of
+uguna 8otors IndustriesR. &inding in her study current ratio is satisfactory,
inventory ratio is satisfactory, creditors turnover ratio and net working capital
ratio is also satisfactory, it has been found that the company financial working
program is good.
P&a$+a-%+D P <2990: in his E&unds flow management of (nna
(luminiumR, for the year %DDD-%DD# to %DD--%DD. concluded that the gross
profit has shown an increasing trend and the growth of the company
satisfactory. The long term solvency of the company, debt equity ratio and
proprietary ratio was not satisfactory.
P&maD V <2990;299A: ( study on E&inancial efficiency of cement
industryR. &inding in her study the current ratio is also satisfactory, quick ratio
is also satisfactory, fixed assed ratio on <almiy and ?amco is also satisfactory,
she has found the 6hettinad cement financial performance is satisfactory.
S)m=D R <299@: made an attempt to study the E&unds flow management
of <6 8ill, 6herthala. &or the year %DD#-%DD% to %DD/-%DD0 concluded that
gross profit has shown an increasing trend. The long term solvency of the
company, <ebt equity ratio and proprietary ratio was not satisfactory.
CHAPTER IV
29
RESEARCH METHODOLOGY
1.1 MEANING OF RESEARCH
The advanced lenderNs dictionary of current English lays on the meaning
of research as Ea careful investigation or enquiry especially through search for
new facts in any branch of knowledge. (ccording to 3oody, E?esearch
comprises defining and redefining problems formulating hypothesis or
suggested solution collection organiGing and evaluating, data making deduction
and researching concession to determine whether they fit the formulating the
hypothesis.
1.2 OBJECTIVES OF THE STUDY
The specific obective of the study are
#. To analysis the origin and organisational of the 5.=.@.?.?.co-operative
sugar ltd.
%. To assess the financial position of the 5.=.@.?.?.co-operative sugar
ltd.
,. To analysis the fund flow management of the 5.=.@.?.?.co-operative
sugar.
-. To analysis theover all functions of the sugar mills.
1.3 METHOD OF DATA COLLECTION
The data used by the researcher in this study were secondary data which
is taken from the annual reports of five year "%DD0-%D##$ from +ugar mill.
8any ournals, important accounting books, management books etc., are
considered for this study and hence the proect is made.
P&#ma&= 3a%a
30
=rimary data may be described as those data that has been observed by
the researchers for the first time. The primary data was obtained through
personal interaction with company officials during the internship period.
S'!-3a&= 3a%a
+econdary data are those data that have been complied already before
conducting the research. +econdary data may be internal data as well as
external data. Internal data are collected from the companyNs records. External
data are collected from outside the company.
The various sources of secondary data are,
(nnual reports and funds flow statements of the company like "balance
sheet and profit and loss account $
6ompany websites
Income and expenditure statement
+tatement of funds flow
1.1 TOOLS USED FOR ANALYSIS
The study of the organisation of funds flow statement of 5.=.@.?.?. co-
op +ugar mill ltd.,is prepared to take from finance.
#. ?atio analysis
%. 6omparative balance sheet
,. 6omparative common siGe balance sheet
This type of tools will be used.
1.0 PERIOD OF THE STUDY
The period of the study was three months. :ut the actual study covered
31
data collected period from %DD/-%DD0 to %D#D-%D##. Each data was already
checked and verified by the charted accountant4 !ence the data is straight away
taken for analysis. The data is collected from the final account statements.
6omparatively covers the study purpose, no samples are required for the study
as it is concerned with the true financial data of the company.
1.A METHODS OF STUDY
#. <iscussion with the management of the company to get general
information about their activities
%. +tudy of the classification of items adopted in profit and loss account
and balance sheet and the accounting policies of the concern.
,. +tudy of the annual reports for collecting data of . years.
-. (nalysis of their adopting techniques and methods available.
1.@ SCOPE OF THE STUDY
+cope of the proect is limited to the graphical limit of the
mayiladuthurai city only .It is not possible to control or predict all of the factors
thatinfluence the final outcome of any farm decision. 5or is it possible to have
available all of the information that would be ideal. :ut decision- making can
be improved through using available information and through effective
financial planning and analysis.
The study is to analyse the funds flow statement of the 5.=.@.?.?. co-
operative sugar mill ltd ., thalainayar.
32
CHAPTER V
ANALYSIS AND INTERPRETATION
0.1 RATIO ANALYSIS
?atio analysis is the powerful tool financial analysis. ( ratio is defined
as Ethe indicated quotient of two mathematical expressionR and as Ethe
relationship between two or more thingsR. In financial analysis, a ratio is used
to benchmark for evaluating position and performance of a firm. The absolute
accounting figures reported in financial statement do not provide a meaningful
understanding of the performance and the financial performance of the firm.
(n accounting figure conveys meaning when it is related to some other
relevant information. The relationship between two accounting figures,
expressed mathematically, is known as financial ratio or simply as ratio. ?atio
helps to summaries large quantities of financial performance. The ratio
reflecting a quantitative relationship helps to form a qualitative udgment.
?atio analysis is a process of identifying the financial strengths and
weaknesses of the firm. This may be accomplished either through a trend
analysis of the firmNs ratios over a period of time or through a comparison of
the firmNs ratios with its nearest competitors and with the industry averages.
The four most important financial dimensions, which a firm would like to
analyGe, are liquidity, leverage, activity and profitability.
0.1.1 CURRENT RATIO
6urrent ratio is the ratio which helps to measure the liquidity position of
the company. It is known as working capital ratio. It is the relationship
between current assets and current liabilities. The following formula is useful
to find out current ratio.
33
6urrent ?atio S "6urrent (ssetsF6urrent >iabilities$
6urrent (ssets S Inventories Q debtors Q cash at bank Qloan
and advances Q audit obected items
6urrent liabilities S 6reditors Q =rovision
Ta/( N!6 0.1. C)&&-% &a%#!$
<La*+$:
Ya& C)&&-% A$$%$
C)&&-%
L#a/#(#%#$
Ra%#!
%DD/-D0 %02..0. ;%-/.D, D.,D
%DD0-D2 ,;22.%- ##.;.D0 D.,-
%DD2-D; -0,%.#; #%0..#- D.,0
%DD;-#D ,0,0.0# #%;,.#0 D.%2
%D#D-## %/%D.D0 #-2-.## D.#0
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table is found that the current ratio of 5adippisai =ulavar
@.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to %D#D-##. The
standards norms or the satisfactory current ratio is %*#. <uring the year of %DD/-D0
the current ratio is D.,D, %DD0-D2, %DD2-D;, %DD;-#D and %D#D-## the current ratios are
D.,-, D.,0, D.%2, and D.#0 respectively. In %DDD2-D; the company current ratio highest
is D.,0 and the lowest current ratio is in %D#D-## in D.#0. +imilarly, the low rate of
current ratio indicates the low liquidity position. !ence the company has
unfavourable current ratio is all the study period.
C+a&% N!6 0.1. C+a&% $+!.#-7 %+ ')&&-% &a%#!
34
35
FUICB RATIO
Iuick ratio is the relation between the quick assets and quick liabilities.
&urther, it is known as liquidity ratio or acid-test ratio. The favorable quick
ratio was #*# which indicates that quick assets and quick liabilities. Iuick
asset are the assets which is current assets less stock Q prepaid expenses.
Iuick liabilities calculated by bank over draft less from the current liabilities.
It is calculated by the following formula.
Iuick ?atio S Iuick assetsFIuick >iabilities "or$ I(F6>
I( S 6urrent assets J "+tock and stores Q prepaid
expenses$
Ta/( N!6 0.2. F)#'* &a%#!
<La*+$:
Ya& F)#'* A$$%$ F)#'* L#a/#(#%#$ Ra%#!
%DD/-D0 #;##.#/ ;%-/.D, D.D%
%DD0-D2 %#2/.00 ##.;.D0 D.D#
%DD2-D; -#2#.%D #%0..#- D.D,
%DD;-#D -#/..#D #%;,.#0 D.D,
%D#D-## ,/,#.0; #-2-.## %.--
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table is found that the quick ratio of 5adippisai =ulavar @.?.
?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to %D#D-##. The satisfactory
quick ratio is #*#. <uring the year of %DD/-D0 the quick ratio is D.D%, %DD0-D2, %DD2-
D;, %DD;-#D and %D#D-## the quick ratios are D.D#, D.D,, D.D,, and %.-- respectively.
In %D#D-## the company quick ratio highest is %.-- and the lowest quick ratio is in
%DD0-D2 in D.D#. +imilarly, the low rate of quick ratio indicates that the company is
unable to meet its current obligations due to unfavourable quick ratio.
C+a&% N!6 0.2. C+a&% $+!.#-7 F)#'* Ra%#!
36
37
S%!'* %)&-!,& Ra%#!
It is the ratio between net sales and closing stock. This ratio indicates
whether investment in inventory is efficiently used or not this ratio reveals the
number of times finished stock is turned over during a given accounting period.
S%!'* %)&-!,& Ra%#! I -% $a($8 3'&a$#-7 #- $%!'*
This ratio is used for measuring the profitability this ratio is also called
as stock velocity ratio.
Ta/( N!6 0.3. S%!'* %)&-!,& Ra%#!
<La*+$:
Ya& Sa($ D'&a$ #- $%!'* Ra%#!
%DD/-D0 -/,D.#; ,D./.%/ #..#-
%DD0-D2 ,%%/.-# ##.;.D/ %.02
%DD2-D; /#2/.-, -/,2.;# #,.,,
%DD;-#D .;.%.0- ;DD/.,; /./D
%D#D-## -%,D.#. #D%;.#. -.##
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table shows the stock turnover ratio of 5adippisai =ulavar
@.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to %D#D-##. The
standards norms stock turnover ratio is %*#. <uring the year of %DD/-D0 the current
ratio is #..#-, %DD0-D2, %DD2-D;, %DD;-#D and %D#D-## the stock turnover ratios are
%.02, #,.,,, /./D, and -.## respectively. In during the year %DDD2-D; suddenly
increasing the stock turnover ratio is #,.,, and the lowest stock turnover ratio is in
%.02. +imilarly, the remaining of the years have increasing and decreasing of the
stages.
C+a&% N!6 0.3. C+a&% $+!.#-7 %+ S%!'* %)&-!,& &a%#!
38
39
Rati
o
0
2
4
6
8
1
0
1
2
1
4
1
6
2006-
07
2007-
08
2008-
09
2009-
10
2010-
11
Rati
o
S!(,-'= &a%#!
D/% EJ)#%= Ra%#!
This ratio is ascertained to determine long-term solvency position of a
company debt equity ratio is also called External-Internal equity ratio
D/% J)#%= &a%#! I S+a& +!(3&K$ ")-3$8 T!%a( (!-7;%&m ")-3$
+hare holderNs funds S +hare capital Q reserve surplus Qprofit or
loss account
Total long term funds S <ebtors Q +hare capitalQ ?eserve Q profit or
loss account
Ta/( N!6 0.1 S!(,-'= &a%#!
<La*+$:
Ya&
S+a& +!(3&K$
")-3
T!%a( (!-7;%&m
(!a-$
Ra%#!
%DD/-D0 %%2..,; ,#.-./. D.0%
%DD0-D2 %/0-.D, ,0/0..0 D.0D
%DD2-D; /2#D.2- #2%2..0 D.,0
%DD;-#D %;,%.22 -D2D.,0 D.0#
%D#D-## ,%D,.;0 -,,#.%, D.0,
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table is found that the solvency ratio of 5adippisai =ulavar
@.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to %D#D-##. The
solvency ratio has satisfactory. <uring the year of %DD/-D0 the solvency ratio is D.0%,
%DD0-D2, %DD2-D;, %DD;-#D and %D#D-## the solvency ratios are D.0D, D.,0, D.0#, and
D.0, respectively. In %D#DD-## the company solvency ratio highest is D.0, and the
lowest solvency ratio is in %DD2-D; in D.,0. !ence the company has unfavourable
solvency ratio is all the study period.
C+a&% N!6 0.1. C+a&% $+!.#-7 %+ S!(,-'= &a%#!
40
41
P&!2&#%a&= &a%#!
This ratio compares the share holderNs funds or ownerNs funds and total
tangible assets. In other words this ratio expresses the relationship between the
proprietorNs funds and the total tangible assets.
=roprietary ratio S share holderNs fundsF Total tangible assets
Ta/( N!60.0 P&!2&#%a&= &a%#!
<La*+$:
Ya&
S+a& +!(3&K$
")-3
T!%a( %a-7#/(
a$$%$
Ra%#!
%DD/-D0 %%2..,; #,D..2/ #.0.
%DD0-D2 %/0-.D, %%,,.0. #.#;
%DD2-D; /2#D.2- %,0-.;/ D.%2
%DD;-#D %;,%.22 %-;D.0. #.#0
%D#D-## ,%D,.;0 %00#.,. #.#.
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table it is found that the proprietary ratio of 5adippisai
=ulavar @.?. ?amasamy 6o-operative +ugar 8ills >td.,from %DD/-D0 to %D#D-##.
The satisfactory of the proprietary ratio, during the year of %DD/-D0 the proprietary
ratio is #.0., %DD0-D2, %DD2-D;, %DD;-#D and %D#D-## the proprietary ratios are #.#;,
D.%2, #.#0, and #.#. respectively. In %DD/-D0 the company proprietary ratio highest is
#.0. and the lowest proprietary ratio is in %DD2-D; in D.%2. !ence the company has
unfavourable proprietary ratio is all the study period.
C+a&% N!6 0.0 C+a&% $+!.#-7 %+ P&!2&#%a&= &a%#!
42
43
F#L3 a$$%$ %)&-!,& &a%#!
This ratio reveals how efficiently the fixed assets are being utiliGed
F#L3 a$$%$ %)&-!,& &a%#! I N% $a($8 "#L3 a$$%$
!ere,
5et fixed assetsS &ixed (ssets J <epreciation
Ta/( N!6 0.A F#L3 a$$%$ %)&-!,& &a%#!
<La*+$:
Ya& N% $a($ F#L3 a$$%$ Ra%#!
%DD/-D0 -/2D.#; ;,,#./. -;./#
%DD0-D2 ,%%/.-# ./02.%2 ..D#
%DD2-D; /#2/.-, #2;-.;/ ,%./-
%DD;-#D .;.%.0- %D-0.,; %;.D0
%D#D-## #,%0.#/ #,%0.#/ ,#.20
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table it is found that the fixed assets turnover ratio of
5adippisai =ulavar @.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to
%D#D-##. The standard norms of the fixed assets turnover ratio, during the year of
%DD/-D0 the fixed assets turnover ratio is -;./#, %DD0-D2, %DD2-D;, %DD;-#D and %D#D-
## the fixed assets turnover ratios are ..D#, ,%./-, %;.D0, and ,#.20 respectively. In
%DD/-D0 the company fixed assets turnover ratio highest is -;./# and the lowest fixed
assets turnover ratio is in %DD0-D2 in ..D#. The remaining of the year increasing and
decreasing of the stage.
C+a&% N!6 0.A. C+a&% $+!.#-7 %+ "#L3 a$$%$ %)&-!,& &a%#!
44
45
W!&*#-7 Ca2#%a( %)&-!,& &a%#!
3orking capital ratio measures the effective utiliGation of working
capital. It also measures the smooth running of business or otherwise.
W!&*#-7 'a2#%a( %)&-!,& &a%#! I -% $a($8 .!&*#-7 'a2#%a(
O&
W!&*#-7 'a2#%a( %)&-!,& &a%#! I C!$% !" 7!!3$ $!(38 .!&*#-7 'a2#%a(
Ta/( N!6 0.@ W!&*#-7 Ca2#%a( %)&-!,& &a%#!
<La*+$:
Ya& N% $a($ W!&*#-7 'a2#%a( Ra%#!
%DD/-D0 -/,D.#; /-%0.#0 D.0%
%DD0-D2 ,%%/.-# 0./0.#0 D.-%
%DD2-D; /#2/.-, 0;2%.,0 D.00
%DD;-#D .;.%.0- ;#/,.,% D./-
%D#D-## -%,D.#. #%#;.#D D.,-
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table it is found that the working capital turnover ratio of
5adippisai =ulavar @.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to
%D#D-##. The standard norms of the working capital turnover ratio, during the year of
%DD/-D0 the working capital turnover ratio is D.0%, %DD0-D2, %DD2-D;, %DD;-#D and
%D#D-## the working capital turnover ratios are D.-%, D.00, D./-, and D.,- respectively.
In %DD2-D; the company working capital turnover ratio highest is D.00 and the lowest
working capital turnover ratio is in %D#D-## is D.,-. it shows that each and every year
there is an increase in slowly and it is cleaned that the day-to-day expenses have been
increased and none steps have to be taken to reduce the unnecessary expenses.
C+a&% N!6 0.@ C+a&% $+!.#-7 %+ .!&*#-7 'a2#%a( %)&-!,& &a%#!
46
47
S)2& F)#'* Ra%#!
This ratio is called absolute liquidity ratio or cash position ratio. This is
a variation of quick ratio. This ratio is calculated when liquidity is highly
restricted in terms of cash and cash equivalents.
6ash position ratio or +uper quick ratioS cash 9 marketable securities
Ta/( N!6 0.E S)2& F)#'* Ra%#!
<La*+$:
Ya&
Ca$+ a-3
ma&*%a/(
$')&#%#$
C)&&-%
(#a/#(#%#$
Ra%#!
%DD/-D0 -0.;.0. ;%-/.D, ..#-
%DD0-D2 .0/2.;0 ##.;.D0 D.D-
%DD2-D; %.;#./# #%0..#- D.D%
%DD;-#D %-/%.,0 #%;,.#0 D.D#
%D#D-## %.;..,0 #-2-.## D.D#
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table it is found that the super quick ratio of 5adippisai
=ulavar @.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to %D#D-##.
The standard norms of the super quick ratio, during the year of %DD/-D0 the super
quick ratio is ..#-, %DD0-D2, %DD2-D;, %DD;-#D and %D#D-## the super quick ratios are
D.D-, D.D%, D.D#, and D.D# respectively. In %DD/-D0 the company super quick ratio
highest is ..#- and the lowest super quick ratio is in %DD;-#D is D.D#. The compare of
the both years unfavourable position so improve the assets.
C+a&% N!6 0.E. C+a&% $+!.#-7 %+ $)2& J)#'* &a%#!
48
6ash and marketable securities
6urrent liabilities
49
Ca2#%a( %)&-!,& &a%#!
8anagerial efficiency is also calculated by establishing the relationship
between costs of sales with the amount of capital invested in the business.
6apital turnover ratio S
Br
+hare holderNs fundsS +hare 6apital Qreserve surplus Q profit or loss account
Ta/( N!6 0.C Ca2#%a( %)&-!,& &a%#!
<La*+$:
Ya& Sa($
S+a& +!(3&K$
F)-3
Ra%#!
%DD/-D0 -/,D.#; %%2..,; D.%D
%DD0-D2 ,%%/.-# %/0-.D, D.#%
%DD2-D; /#2/.-, /2#D.2- D.D;
%DD;-#D .;.%.0- %;,%.22 D.%D
%D#D-## -%,D.#. ,%D,.;0 D.#,
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table it is found that the capital turnover ratio of 5adippisai
=ulavar @.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to %D#D-##.
The standard norms of the capital turnover ratio, during the year of %DD/-D0 the
capital turnover ratio is D.%D, %DD0-D2, %DD2-D;, %DD;-#D and %D#D-## the capital
turnover ratios are D.#%, D.D;, D.%D, and D.#, respectively. In %DD/-D0 the company
capital turnover ratio highest is D.%D and the lowest capital turnover ratio is in %DD2-
D; is D.D;. the remaining of the year increase and decrease of the stages.
C+a&% N!6 0.C C+a&% $+!.#-7 %+ 'a2#%a( %)&-!,& &a%#!
50
6ost of sales
+hare holdersN funds
6ost of sales
+hare holdersN funds
51
EL2-$$ &a%#!
These ratio are also known as supporting ratio to operating ratio. They
indicate the efficiency with which business as a whole functions. It is better for
the concern to know how it is able to save or waste over expenditure in respect
of different items of expenses.
Ta/( N!.0.19 EL2-$$ &a%#!
<La*+$:
Ya&
O%+&
Ma-)"a'%)&#-7
EL2-$$
N% $a($ Ra%#!
%DD/-D0 %.-#.## -/,D.#; D.D.
%DD0-D2 #%#0./# ,%%/.-# D.,0
%DD2-D; #DD;.-# /#2/.-, D.#/
%DD;-#D ,/,0.2; .;.%.0- D.D/
%D#D-## ,--2.#0 -%,D.#. D.D2
+ource* +econdary data in 5.=.@.?.?. 6o-op +ugar 8ill >td.,
INTERPRETATION
&rom the above table it is found that the manufacturing expenses ratio of
5adippisai =ulavar @.?. ?amasamy 6o-operative +ugar 8ills >td., from %DD/-D0 to
%D#D-##. The standard norms of the manufacturing expenses ratio, during the year of
%DD/-D0 the manufacturing expenses ratio is D.D., %DD0-D2, %DD2-D;, %DD;-#D and
%D#D-## the manufacturing expenses ratio are D.,0, D.#/, D.D/, and D.D2 respectively.
In %DD0-D2 thecompany manufacturing expenses ratio highest is D.,0 and the lowest
manufacturing expenses ratio is in %DD/-D0 is D.D.. the remaining of the year increase
and decrease of the stages.
C+a&% N!6 0.19 C+a&% $+!.#-7 %+ L2-$$ &a%#!
52
Ma-)"a'%)&#-7 L2-$$
N% $a($
199 EL2-$$ &a%#! I
53
CHAPTER VI
FINDINGS AND SUGGESTION
The present study entitled as fund flow statement company ltd. This
study covers a period of five years from %DD/-D0 to %D#D-##. This study
mainly depends on the financial analysis and the maor findings of the study
are listed below.
The study reveals that the current ratio of 5.=.@.?.?. 6o-Bperative
sugar mill >td, was below than standard level in all years. !ence the
company has to improve its liquidity position.
The quick ratio of 5.=.@.?.?. 6o-Bperative +ugar 8ill >td, standard
trend. :ut in all years quick ratio was much below the standard level.
It is not favorable. !ence the company has to improve the quick ratio
level.
The stock turnover ratio of the concern is decreased from the year of
%DD/-D0 and increased from the year of %DD0-D2. (fter %DD2-D; the
ratio has decreased suddenly. The company has the fluctuation in stock
turnover ratio, so company will undertake high concentration to the
ratio.
The solvency ratio is high in the year of %D#D-##. %DD/-D0, %DD0-D2 and
%DD;-#D has same ratio and %DD2-D; has low ratio. +o company has not
concentrated to solvency ratio.
The proprietary ratio has the fluctuation during the study period. In the
year of %DD/-D0 has high and %DD2-D; has low ratio.
The fixed assets turnover ratio has fluctuation during study period and
was very low in %DD0-D2. %DD2-D;, %DD;-#D and %D#D-## have same
ratio. The last three years is standard ratios were recorded so, company
was concentrated in final years during study period.
3orking capital turnover ratio was high in %DD2-D; and low in %D#D-##.
Except the %DD0-D2 year among the all years was well ratio. +o,
company has unique knowledge about the ratio.
54
6apital turnover ratio has high in the year of %DD/-D0, %DD;-#D and low
in %DD0-D2. The company was concentrated slightly to the study period.
The expenses ratio was increase while started the study and decreased
all the years. The company well concentrated to the expenses during all
the years except %DD/-D0.
6ompare with five years statement which items sources of funds current
liabilities current assets increased "or$ decreased and profit "or$ loss in
income and balance sheet.
(s well as long term obligation of 5.=.@.?.? 6o-Bperative +ugar 8ill
>td. (re measured in firm its funds flow statement.
55
CHAPTER VII
CONCLUSION
&inance is the basic input to any business which is very essential not
only to establish as well as operate the industry in successful way. &unds flow
management of any form of organisation is never standard but that is flexible
due to movement of funds. &und flow is concerned with acquisitioned and also
utilisation of funds in both fixed assets as well as current assets from this
research work it can be calculated that the operational efficiency profit earning
capacity and ability to meet the short-term.
56
TABLE A.1
COMPARATIVE BALANCE SHEET FOR 299A;299@
Pa&%#')(a&$ 299A <R$.: 299@ <R$.:
I-'&a$ !&
<R$.:
D'&a$ !&
<R$.:
C)&&-% A$$%
+undry <ebtors
6ash and bank balance
Inventory
>oan 9 advance
6apital work- in- progress
Investment and deposits
#D#/D0;.%2
#DD0.#/.;2
%;D%2;0%..D.
#D0;;D-..%0
.#.#/,./0
#./-2#0.DD
#,D,%D%.D,
%/%/;.;./,
%.;-/,2.0.//
#.#2#-.;./%
##002/,./0
%#,%0;;.DD
%20#%%.0.
#/#;--%./.
-,2%-#-.,.
//%0DD.DD
./0;2%.DD
,D2%.2/0.-D
T!%a( C)&&-% A$$% <A: ,D.#;%,-0.%D %2#2/#-#./D
C)&&-% L#a/#(#%=
6urrent liability and
provision
T!%a( C)&&-% L#a/#(#%=
<B:
2D/.---,0.-D ;%-/D,;0D.., ##2D.;.,,.#D
2D/.---,0.-D ;%-/D,;0D..,
3orking 6apital "a-b$
<ecrease in 3orking capital
.D#,.%D;D.%D
#-#,/.0,2.0D
/-%0#02%2.;D
#-#,/.0,2.0D
T!%a( /-%0#02%2.;D /-%0#02%2.;D #-222.-DD..D #-222.-DD..D
I-%&2&%a%#!-
&rom the above table is found that the comparative fund flow of the company
in terms of balance sheets during the study period. The loan and advances of the
company was increased -,2%-#-.,. in %DD/-D0 over the previous period. +imilarly
the current liabilities fund of the company was decreased amount ##2D.;,,.#D in
%DD/-D0 over the previous year.
TABLE A.2
57
COMPARATIVE BALANCE SHEET FOR 299@;299E
Pa&%#')(a&$ 299@ <R$.: 299E <R$.: I-'&a$ !&
<R$.:
D'&a$ !&
<R$.:
C)&&-% A$$%
+undry <ebtors
6ash and bank balance
Inventory
>oan 9 advance
6apital work- in-
progress
Investment and deposits
#,D,%D%.D,
%/%/;.;./,
%.;-/,2.0.//
#.#2#-.;./%
##002/,./0
%#,%0;;.DD
;220;0.0.
,-%,-2..;D
,0/;./--D.%0
#0-/.-%-.,#
##002/,./0
%,..-;,.DD
02/.%/.%0
##0-;%.2%./#
%%2,;/-./;
%%%/;-.DD
,#--D-.%2
T!%a( C)&&-% A$$%
<A:
%2#22/#-#./D -D%,.0.D-.D;
C)&&-% L#a/#(#%=
6urrent liability and
provision
T!%a( C)&&-% L#a/#(#%=
<B:
;%-/D,;0D.., ##.;D0.,-0.,/ %,--0#,0/..D
;%-/D,;0D.., ##.;D0.,-0.,/
3orking 6apital "a-b$
<ecrease in 3orking
capital
/-%0#02%2.;D
##-DDD#,.,D
0./0#02-%..D
##-DDD#,.,D
T!%a( 0./0#02-%..D 0./0#02-%..D %,-02.02D.2D %,-02.02D.2D
I-%&2&%a%#!-
&rom the above table is found that the comparative fund flow of the company
in terms of balance sheets during the study period. The loan and advances of the
company was increased %%2,;/-./; in %DD0 to D2 over the period previous. +imilarly
the current liabilities fund of the company. +imilar was decreased by %,--0#,0/..D
amounts in %DD0 to D2 over the previous year.
TABLE A.3
58
COMPARATIVE BALANCE SHEET FOR 299E;299C
Pa&%#')(a&$ 299E <R$.: 299C <R$.: I-'&a$ !&
<R$.:
D'&a$ !&
<R$.:
C)&&-% A$$%
+undry <ebtors
6ash and bank balance
Inventory
>oan 9 advance
6apital work- in-
progress
Investment and
deposits
;220;0.0.
,-%,-2..;D
,0/;./--D.%0
#0-/.-%-.,#
##002/,./0
%,..-;,.DD
-%.%D%.#D
%,-D;%02.-%
-,#-D0#.D.0%
#0;00.-0..;
##002/,./0
%.D/22;.#.
#;;;.0;%..%
.--.D0#D.-.
.#%#%,.%2
#.#,;/.#.
./,.;../.
T!%a( C)&&-% A$$%
<A:
-D%,.0.D-.D; -0/;D,;,#.0D
C)&&-% L#a/#(#%=
6urrent liability and
provision
T!%a( C)&&-%
L#a/#(#%= <B:
##.;D0.,-0.,/ #%0.#-#0.,./D ##/D//-D/.%D
##.;D0.,-0.,/ #%0.#-#0.,./D
3orking 6apital "a-b$
<ecrease in 3orking
capital
0./0#02-%..D
-#.#;;0;.-D
0;2%,02%#.;D
-#.#;;0;.-D
T!%a( 0;2%,02%#.;D 0;2%,02%#.;D ##//,DDD#.;D ##//,DDD#.;D
I-%&2&%a%#!-
&rom the above table is found that the comparative fund flow of the company
in terms of balance sheets during the study periods. The loan and advances of the
company was increased .#%#%,.%2 in %DD2-D; over the previous period. +imilarly the
current liabilities fund of the company was ##/D//-#/.%D in %DD2-D; over the
previous year.
TABLE A.1
59
COMPARATIVE BALANCE SHEET FOR 299C;2919
Pa&%#')(a&$ 299C <R$.: 2919 <R$.: I-'&a$ !&
<R$.:
D'&a$ !&
<R$.:
C)&&-% A$$%
+undry <ebtors
6ash and bank balance
Inventory
>oan 9 advance
6apital work- in- progress
Investment and deposits
-%.%D%.#D
%,-D;%02.-%
-,#-D0#.D.0%
#0;00.-0..;
##002/,./0
%.D/22;.#.
%#;/2%2./,
,,0,/2.;.DD
,,%#%D.2%./D
#/0%.-#;.##
##002/,./0
#2;/2././D
%/%%D%D.0%
/2%-#;.-%
;;%2/./2.#%
#%.%#%2.-2
/#DD,%...
T!%a( C)&&-% A$$% <A: -0/;D,;,#.0D ,0/2--,;;./D
C)&&-% L#a/#(#%=
6urrent liability and
provision
T!%a( C)&&-% L#a/#(#%= <B:
#%0.#-#0.,./D #%;,#00,0-.0/ #2D,./%#.#/
#%0.#-#0.,./D #%;,#00,0-.0/
3orking 6apital "a-b$
<ecrease in 3orking capital
0;2%,02%#.;D
##2D;.#.,.,D
;#/,,%;0..%D
##2D;.#.,.,D
T!%a( ;#/,,%;0..%D ;#/,,%;0..%D %-D.2,;-,.2D %-D.2,--,.2D
I-%&2&%a%#!-
&rom the above table is found that the comparative flow of the company in
terms of balance sheets during the study periods. The loan and advances of the
company was decreased #%.%#%2.-2 in %DD;-#D over the previous period. +imilarly
the current liabilities fund of the company was decreased. #2D,./%#.#/ in %DD/-#D
over the previous year.
TABLE A.0
60
COMPARATIVE BALANCE SHEET FOR 2919;2911
Pa&%#')(a&$ 2919 <R$.: 2911 <R$.: I-'&a$ !&
<R$.:
D'&a$ !&
<R$.:
C)&&-% A$$%
+undry <ebtors
6ash and bank balance
Inventory
>oan 9 advance
6apital work- in- progress
Investment and deposits
%#;/2%2./,
,,0,/2.;.DD
,,%#%D.2%./D
#/0%.-#;.##
##002/,./0
#2;/2././D
#-##.%%.0.
%-#%D22%./-
%%./2;---.%0
#D02...#./2
##002/,./0
#2,%2,D.DD
#,;-D%,./-
02.%;..20
#D/-,##,2.-D
.;,;2/0.-,
/-D%/./D
T!%a( C)&&-% A$$% <A: ,0/2--,;;./D %/.D#2D;..D#
C)&&-% L#a/#(#%=
6urrent liability and
provision
T!%a( C)&&-% L#a/#(#%=
<B:
#%;,#00,0-.0/ #-2-##2-2-.D# #;D;-###D.D2
#%;,#00,0-.0/ #-2-##2-2-.D#
3orking 6apital "a-b$
<ecrease in 3orking
capital
;#/,,%;0..%D
,D%0/0-#-.0D
#%#;#DD,2;.DD
,D%0/0-#-.0D
T!%a( #%#;#DD,2;.DD #%#;#DD,2;.DD ,D-#/#-,2.,D ,D-#/#-,2.,D
I-%&2&%a%#!-
&rom the above table is fond that the comparative fund flow of the company in
term of balance sheet during the study periods. The loan and advances of the
company was decreased .;,;2/0.-, in %DD/-D0 over the previous period. +imilarly
the current liabilities fund of the company was decreased #;D;-###D.D2 in %D#D-##
over the previous year.
BIBLIOGRAPHY
61
#. I.8. =andey "#;;.$ &inancial 8anagement. =ublished by
1ikas =ublishing !ouse =vt. >td., 5ew <elhi.
%. =rasanna 6handra "#;;;$ &undamentals of financial
management =ublished by Tata 8cCraw-!ill =ublishing
6ompany >td., 5ew <elhi.
,. <r. +.5. 8aheswari "%DDD$ =rinciples and 8anagement
accounting =ublished by +ultan 6hand 9 sons, 5ew <elhi.
-. @han 9 Hain "%DD#$ Theory and =roblems of &inancial
8anagement. =ublished by Tata 8cCraw-!ill =ublishing
6ompany >td., 5ew <elhi.
REPORTS
5.=.@.?. ?amaswamy 6o-operative +ugar 8ill >td., in %DD/-D0 to
%D#D-##.
WEBSITE
www.google.com
www.wikipedia.com
N.P.K.R.RAMASAMY CO-OPERATIVE SUGAR MILLS LTD., THALAINAYAR
BALANCE SHEET AS AT 31/03/2007
PARTICULARS SCHED
ULE
REF.
AS AT
3D1/03/2007
AS AT
31/03/200
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
SHARE CAPITAL 1 108664200.00 108664200.00
62
31006-00
21001-00
SHARE DEPOSISTS
RESERVES & SURPLUS
SUB TOTAL
LOAN FUNDS
SECURED LOANS
UNSECURED LOANS
SUB TOTAL
TOTAL
APPLICATION OF FUND FI!ED ASSETS
GROSS BLOC
LESS ACCU!ULATED DEPRECIATION
NET BLOC
CAPITAL "OR IN PROGRESS
INVEST!ENTS AND DEPOSITS
CURRENT ASSETS , LOANS " ADVANCES
INVENTORIES
SUNDR# DEBTORS
CASH AND BAN BALANCES
LOANS AND ADVANCES
SUB TOTAL
LESS CURRENT LIABILITIES "
PROVISIONS
NET CURRENT ASSETS
!ISCELLANEOUS E$PENDITURE
NET APPLICATION
PRO%IT AND LOSS ACCOUNT
TOTAL
2
3
4
5
6
7
8
9
10
11
12
5882002.38
322057936.70
#30#23$.0%
0.00
869256395.00
%$2&3$&.00
130&%0&3#.0%
640430222.78
547113668.74
93316554.04
1177863.67
2132799.00
259463857.66
1303202.03
2626959.63
15181459.62
2%1%%1#1.1
924603970.53
-642717828.92
0.00
-548815072.05
-1854675606.13
130&%0&3#.0%
4286108.62
320693110.29
#33#3#1%.$1
0.00
783688000.00
7%3%%000.00
1217331#1%.$1
635674528.90
505008986.95
130665541.95
515163.67
1564817.00
S290289725.05
1016079.28
1007516.98
10799045.27
30&1$23#7.2&
806544437.40
-501352090.15
0.00
-370686548.20
-1588017967.11
1217331#1%.$1
S&.'- S&.'-
S&.'-
ACCOUNTS O%%ICER AD!INISTRATOR
AUDISTORS
N.P.K.R.RAMASAMY CO-OPERATIVE SUGAR MILLS LTD., THALAINAYAR
BALANCE SHEET AS AT 31/03/200%
PARTICULARS SCHED
ULE
REF.
AS AT
31/03/200%
AS AT
31/03/2007
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
SHARE CAPITAL
SHARE DEPOSISTS
1
2
112111800.00
4151035.24
108664200.00
5882002.38
63
31006-00
21001-00
RESERVES & SURPLUS
SUB TOTAL
LOAN FUNDS
SECURED LOANS
UNSECURED LOANS
SUB TOTAL
TOTAL
APPLICATION OF FUNDS FI!ED ASSETS
GROSS BLOC
LESS ACCU!ULATED DEPRECIATION
NET BLOC
CAPITAL "OR IN PROGRESS
INVEST!ENTS AND DEPOSITS
CURRENT ASSETS , LOANS " ADVANCES
INVENTORIES
SUNDR# DEBTORS
CASH AND BAN BALANCES
LOANS AND ADVANCES
SUB TOTAL
LESS CURRENT LIABILITIES & PROVISIONS
NET CURRENT ASSETS
!ISCELLANEOUS E$PENDITURE
NET APPLICATION
PRO%IT AND LOSS ACCOUNT
TOTAL
3
4
5
6
7
8
9
10
11
12
328156377.36
####1$212.0
0.00
1093556395.00
10$3&&3$&.00
1&37$7&07.0
647443340.36
590660492.95
56782847.43
1177883.87
2355493.00
376958440.27
9888797.75
3413485.90
17465424.31
#023&7&0#.$0
1159075347.36
-756717842.46
0.00
-695779696.66
-2233755304.26
1&37$7&07.0
322057936.70
#30#23$.0%
0.00
869256395.00
%$2&3$&.00
130&%0&3#.0%
640430222.78
547113668.74
93316554.04
1177863.67
2132799.00
259463857.66
1303202.03
2626959.63
15181459.62
2%1%%1#1.1
924603970.53
-642717828.92
0.00
-548815072.05
-1854675606.13
130&%0&3#.0%
S&.'- S&.'-
S&.'-
ACCOUNTS O%%ICER AD!INISTRATOR
AUDISTORS
N.P.K.R.RAMASAMY CO-OPERATIVE SUGAR MILLS LTD., THALAINAYAR
BALANCE SHEET AS AT 31/03/200$
PARTICULARS SCHEDU
LE
RE%.
AS AT
31'03'2009
AS AT
31'03'2008
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
SHARE CAPITAL
SHARE DEPOSISTS
RESERVES & SURPLUS
1
2
3
112432800.00
4599769.83
331154559.92
112111800.00
4151035.24
328156377.36
64
31006-00
21001-00
SUB TOTAL
LOAN FUNDS
SECURED LOANS
UNSECURED LOANS
SUB TOTAL
TOTAL
APPLICATION OF FUND FI!ED ASSETS
GROSS BLOC
LESS ACCU!ULATED DEPRECIATION
NET BLOC
CAPITAL "OR IN PROGRESS
INVEST!ENTS AND DEPOSITS
CURRENT ASSETS , LOANS " ADVANCES
INVENTORIES
SUNDR# DEBTORS
CASH AND BAN BALANCES
LOANS AND ADVANCES
SUB TOTAL
LESS CURRENT LIABILITIES & PROVISIONS
NET CURRENT ASSETS
!ISCELLANEOUS E$PENDITURE
NET APPLICATION
PRO%IT AND LOSS ACCOUNT
TOTAL
4
5
6
7
8
9
10
11
12
##%1%712$.7&
0.00
1147491395.00
11#7#$13$&.00
1&$&7%&2#.7&
651758058.36
632808408.84
18949651.54
1177863.67
2508889.15
431407150.72
425202.10
23408278.42
17977547.59
#7$03$31.&
1275141753.80
-798237821.95
0.00
-779288170.41
-2374966695.16
1&$&7%&2#.7&S
####1$212.0
0.00
1093556395.00
10$3&&3$&.00
1&37$7&07.0
647443340.36
590660492.95
56782847.43
1177883.87
2355493.00
376958440.27
9888797.75
3413485.90
17465424.31
#023&7&0#.$0
1159075347.36
-756717842.46
0.00
-695779696.66
-2233755304.26
1&37$7&07.0
S&.'- S&.'-
S&.'-
ACCOUNTS O%%ICER AD!INISTRATOR
AUDISTORS
65
N.P.K.R.RAMASAMY CO-OPERATIVE SUGAR MILLS LTD., THALAINAYAR
BALANCE SHEET AS AT 31/03/2010
PARTICULARS SCHED
ULE
REF.
AS AT
31/03/2010
AS AT
31/03/200$
31006-00
21001-00
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
SHARE CAPITAL
SHARE DEPOSISTS
RESERVES & SURPLUS
SUB TOTAL
LOAN FUNDS
SECURED LOANS
UNSECURED LOANS
SUB TOTAL
TOTAL
APPLICATION OF FUNDFI!ED ASSETS
GROSS BLOC
LESS ACCU!ULATED DEPRECIATION
NET BLOC
CAPITAL "OR IN PROGRESS
INVEST!ENTS AND DEPOSITS
CURRENT ASSETS , LOANS " ADVANCES
INVENTORIES
SUNDR# DEBTORS
CASH AND BAN BALANCES
LOANS AND ADVANCES
SUB TOTAL
LESS CURRENT LIABILITIES & PROVISIONS
NET CURRENT ASSETS
!ISCELLANEOUS E$PENDITURE
NET APPLICATION
PRO%IT AND LOSS ACCOUNT
TOTAL
1
2
3
4
5
6
7
8
9
10
11
12
112432800.00
5269455.33
329699584.97
##7#01%#0.30
81122000.00
1066369395.00
11#7#$13$&.00
1&$#%$323&.30
659968581.78
639494681.04
20473900.74
1177863.67
1896856.67
332120582.60
2196818.62
22726859.00
16725419.11
37%##3$$.0
1293177374.76
-916332975.16
0.00
-895859074.42
2490752309.72
1&$#%$323&.30
112432800.00
4599769.83
331154559.92
##%1%712$.7&
0.00
1147491395.00
11#7#$13$&.00
1&$&7%&2#.7&
651758058.36
632808408.84
18949651.54
1177863.67
2508889.15
431407150.72
425202.10
23408278.42
17977547.59
#7$03$31.&
1275141753.80
-798237821.95
0.00
-779288170.41
-2374966695.16
1&$&7%&2#.7&
S
S&.'- S&.'-
S&.'-
ACCOUNTS O%%ICER AD!INISTRATOR
AUDISTORS
66
N.P.K.R.RA!ASA!# CO-OPERATIVE SUGAR MILLS LTD., THALAINAYAR
BALANCE SHEET AS AT 31/03/2011
PARTICULARS SCHED
ULE
REF.
AS AT
31/03/2011
AS AT
31/03/2010
31006-00
21001-00
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
SHARE CAPITAL
SHARE DEPOSISTS
RESERVES & SURPLUS
SUB TOTAL
LOAN FUNDS
SECURED LOANS
UNSECURED LOANS
SUB TOTAL
TOTAL
APPLICATION OF FUND FI!ED ASSETS
GROSS BLOC
LESS ACCU!ULATED DEPRECIATION
NET BLOC
CAPITAL "OR IN PROGRESS
INVEST!ENTS AND DEPOSITS
CURRENT ASSETS , LOANS " ADVANCES
INVENTORIES
SUNDR# DEBTORS
CASH AND BAN BALANCES
LOANS AND ADVANCES
SUB TOTAL
LESS CURRENT LIABILITIES & PROVISIONS
NET CURRENT ASSETS
!ISCELLANEOUS E$PENDITURE
NET APPLICATION
PRO%IT AND LOSS ACCOUNT
TOTAL
1
2
3
4
5
6
7
8
9
10
11
12
112432800.00
5643039.43
320185066.91
#3%20$0.3#
81122000.00
1046142265.00
11272#2&.00
1&&&2&171.3#
659997709.58
646726054.74
13271654.84
1177863.67
1832830.00
225689444.27
1411522.75
24120882.64
10785551.68
2&01%0$&.01
1484118484.01
-1219100389.00
0.00
-1205828734.16
2771353905.50
1&&&2&171.3#
112432800.00
5269455.33
329699584.97
##7#01%#0.30
81122000.00
1066369395.00
11#7#$13$&.00
1&$#%$323&.30
659968581.78
639494681.04
20473900.74
1177863.67
1896856.67
332120582.60
2196818.62
22726859.00
16725419.11
37%##3$$.0
1293177374.76
-916332975.16
0.00
-895859074.42
2490752309.72
1&$#%$323&.30
S&.'- S&.'-
S&.'-
ACCOUNTS O%%ICER AD!INISTRATOR
AUDISTORS
67