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Finance is the important part of every business with out finance business cant carry on it. Means any organization can depends on finance it means the finance of business is the life blood of business. Resources and judicious use of finance of the two important activity under financial management just as production and sales are major functioning an enterprises finance too is an independent specialized fund skill it is well lenit with the other function financial manager meat, this a separate management area without finance neither business sharted as successful run. Finance is the foundation stone of every business in the present day set-up no business can be started without adequate finance can be developed the success of every business depends upon adequate source of finance. The financing of scale trade & partnership is not difficult as the main source of finance is their own contribution of financial requirement are limited in the present modem set up generally business are raw but big company has financial requirement are large volume of financial

requirement are large volume of finance which can not be contributed by few inventors.


In the modern business society function are drawing increasing more and more attention of those who are responsible for running administration business. There is always a problem with even organisation for managing its expanding and modernization plans with its limited financial resources. The financial management has there fore, been assigned the task of planning & controlling the long and short term financial needs of the business. Jamesvan horn planning is an inextricable dirnenssion of financial Management1 cannot that funds flows are directed according to some plan. The finance function centres round the management of financial management of funds raising and using them effectively,, but the dimenssion of financial management are much broader then the procurement of funds. Planning is on of the most important activity of the financial managers to obtain Hinds of the best time in relation to their cost of the

condition under which they can be obtained and their effective use by the business firm. Financial Management is the dynamics evolving on making of day-to-day financial decisions in a business of any size. The old concept of finance as treasure ship has broadened & include the new quality meaningful concept of controllership. while the treasure keeps track of the moneys the controllers duties extent to planning analysis and the improvement of every phase of the companies operation which are measure with a financial yardstick.


1) To study the Financial analysis of Saptgiri Refinery Ltd, Warora 2) To study the balance sheets of last three years. 3) To study the Financial profile of the company. 4) To study the excise duties of the company. 5) To study the nature of financial management in Company. 6) To study ratio analysis in Saptgiri Refinery Ltd., Warora. 7) To study break even analysis.


1) This study will help to know financial Analysis of Saptgiri Refinery Ltd., Warora. 2) It also covers study of balance sheets of last five years. 3) It helps to know different financial aspects in Company. 4) It will also helpful in knowing financial management of company.


1) The Debt equity ratio of Saptgiri Refinery Ltd, Waroa is 1 : 1. 2) Share holder equity ratio of Company is constantly increasing. 3) Ratio of fixed assets of Company shows high fluctuations. 4) The Profitability of the Company is increasing every year. 5) The gross profit range of the company remains unchanged in last few years.


Research in a common parlance refers to a search of knowledge. One can also define research as a scientific and systematic search for pertinent information on a scientific investigation. The advance learner dictionary of current English lays down the meaning of research as a careful investigation or inquiry especially through search for new facts in any branch of knowledge. Redmen and Mory define research as a systematized efforts to gain new knowledge. Research is an academic activity and as such the term should be used in a technical sense.

The purpose or the research is to find out answer to question through the application of scientific procedure. Through each research study has its own specific purpose. We may think of research objectives as filling into a number of following broad groupings. i. To gain familiarity with a phenomenon or to achieve new insight into it.


To portray accurately the characteristics of a particular individual, situation or a group,


To determine the frequency with which something occurs or with it is associated with something else, iv. casual relationship between variables. To test a hypothesis of a

1) Primary data: The primary data are those which are collected for the first time, and thus happen to be originally collected through various sources. 2) Secondary data: The secondary data, on the other hand, are those which have already been collected by someone else and which have already been passed through the statistical process.

The methods of collection or primary and secondary data differ since primary data is to be originally collected. While in case of the secondary data the nature of the data collection work is merely that of compilation.

1. The current ratio up to the standard while in the rest year position is satisfied. 2. Quick ratio is satisfactory as compare to the rest years. 3. The share holders equity Ratio is gradually increasing or else remaining constant it shows a sound position. This ratio indicates the degree to which unsecured creditors protected against loss in the event of liquidation.


1) Financial Management 2) Fundamental of Accounting 3) Financial Management 4) Financial Statement Analysis

Prasanna Chopra Tata McGraw Hill M. Y. Khan & V. K. Jain R. L. Gupta & M. Radaswami

5) Introduction to financial Management 6) The Indian Financial System 7) Principles of Corporate Finance 8) Personal Financial Management 9) Financing the 8 plan 10) www.google.com

Schall Haley Vasant Desie Drealey Myers Greeneanb Dince K. S. Ramchandran