Académique Documents
Professionnel Documents
Culture Documents
2011-2012
PREFACE
Finance is very important aspect in any business financial management is considered. Mainly with such matters as how a business corporation raises its finance and how it make use of it. In today s era only theoretical knowledge isn t sufficient to survive in the competition. Practical knowledge is also required so as a part of S.Y.B.B.A programmed we use supposed to prepare a financial report. The objective for this preparation isn t only to know about financial function and related financial matters but also to know about financial performance of the company in different years. I have prepared this financial project report on the basis of annual report of TTIC Health Care LTD for the consecutive year 2009, 2010 and 2011. The financial analysis is done on the basic on directors and auditor s report, ratio and cash flow.
ACKNOWLEDGMENT
For preparation of this repot I got the help from the professors, seniors friends and collage. I would like to thanks them all. I am very much thanks full to our collage L.J INSTITUTE OF BUSINESS ADMINISTRATION for introduction preparation of financial report as a necessary aspect of our BBA pregame. I am very much thankful to prof. KOMAL SHAH who have given guidance for preparing this report and helped us to solve the doubts. I also thank other accountancy faculties who helped us a lot.
INDEX SR NO.
1
PARTICULARS
INTRODUCTION TO FINANCE & FINANCIAL MANAGEMENT y Introduction to finance y Introduction to financial management y Definition to financial management y Objectives of financial management y Importance of the financial management INTRODUCTION TO THE COMPANY y Introduction to the sector y History to the sector y Board of directors y TTK Health Care ltd y Growth of the industry RATIO ANALYSIS y Introduction to ratio analysis y Advantage of ratio analysis y Disadvantage of ratio analysis y Calculation of ratio analysis COMMON SIZE BALANCE SHEET OF TTK HEALTH CARE LTD y Interpretation
PAGE NO. 03 04 05 06 07 08 10 11 12 13 14 15 16 17 18 20 22 62 63
COMMON SIZE PROFIT & LOSS A/C OF TTK HEALTH CARE LTD y Interpretation COMPARATIVE STATEMENT OF TTK HEALT CARE LTD COMPARATIVE PROFIT & LOSS A/C OF TTK HEALT CARE LTD INTRODUCTION TO CASH FLOW y Benefit of cash flow statement CASH FLOW OF TTK HEALTH CARE LTD y Interpretation RATIO OF TTK HEALTH CARE LTD CONCLUSION BIBLOGRAPHY XEROX
67 68 70
72
73 75 77 79 80 82 83 84
10 11 12 13
INTRODUCTION TO FINANCE
Finance is the study of funds & management. Its general areas are business finance personnel finance & public finance. It s also deals with the concept of times, money, risk & budgeted. It s one of the most important aspects in handling business. Today finance is known as the life blood in the business. In today s life finance is very important one can t do anything without finance. If he/she as knowledge, willynance but no finance he can t setup his business.
1) Success of promotion:The success or otherwise of a company can be guessed on the basic of its financial plan. If the plan is defective it will fail to provide sufficient funds to meet the requirement of both fixed and working capital. 2) Smooth running of the enterprise:Finance is required at each storage working capital required for meeting day to day exp. If the enterprise has sufficient working capital than he can run his business very smoothly. 3) Finance for expansion:Finance is required for schemes of modernization expansion and development of the existing enterprise for main thing needed is finance because without it we can t setup the business how we can expand it.
4) Cash planning:An optimist business organizer indulging in rosy dreams of success of his business will lead his business to failure, if he ignores the importance of liquidity.
10
y y y y y
TTK Prestige limited TTK Textile limited Sara lee TTK limited TTK planet NRI services TTK health care limited
11
12
13
BOARD OF DIRECTORS
y y y y y y y y y y Mr. T T Jagannatham Mr. T T Raghunatham Mr. R K Tulshan Mr. K R Shrimusthy Mr. B N Bhagwat Mr. J Shrinivashan Mr. R Shrinivashan Mr. K Vaidyanathan Mr. K Shemkuran Mr. I Ravindran Chairman Ex. Vice Chairman Director Director Director Director Director Director Director Whole Time Director
14
15
16
RATIO ANALYSIS
17
18
1) PROFITABILITY:The gross profit ratio, net profit ratio and ratio of net return on investment gives a good idea of the profitability of business on the basic of these ratio investor get an idea about overall efficiency of business.
2) LIQUIDITY:The current ratio liquid ratio and acid test ratio will tell whether the business will be able to meet its current liabilities as and when they mature.
19
3) EFFICIENCY:The turnover ratio is the excellent guides to measure the efficiency of manager all such ratio present a good picture of the sales or otherwise of the business.
4) INTER FIRM COMPARISON:The inter firm comparison which shows the strength and weakness of the firm as compared to other firm and will indicate corrective measure.
5) USEFUL FOR BUDGETARY CONTROL:Regular budgetary report is prepared in a business where the system of budgetary control is in use.
20
1) Single year ratio have limited utility 2) Other factor must be considered 3) Limited utility of historical ratio 4) Lack of standard ratio 5) Inaccurate base
1) Single year ratio have limited utility:The utility of ratios computed from the financial statement of one year is obviously limited.
2) Other factor must be considered:While comparing ratio of different firm, it must be remembered that different firm follow different plans and policies.
21
3) Limited utility of historical ratio:While comparing the ratio in past several years it should be remembered that changes in price level may render such comparison useless.
4) Use of one ratio misleading:One ratio used without reference to other ratio may be misleading
5) Lack of standard ratio:There is practically no standard ratio against which the actual performance can be compared. The satisfactory level of ratio of one industry differs to another.
22
y y y y
1) Liquid ratio
y Current ratio y Liquid ratio y Quick ratio
23
y CURRENT RATIO :Meaning:This most widely used ratio shows the proportion of current assets to current liability. It is also known as working capital ratio. Objective:The objective of computing this ratio is to measure the ability of the firm to meet its short term financial stringent of a firm. Formula:Current ratio =
The above ratio tells us that there were increases in the year 2009 in comparison to 2010/2011 the ratio of 2009 was 2% and the ratio of 2010 & 2011 was 1.76% and 1.60% resp.
24
2.5
1.5
0.5
25
y LIQUID RATIO:MEANING:To remove the defect of current ratio liquid ratio is used. It is a variant of current which is designed to show the amount and fund available to meet immediate payment. This ratio is obtained by dividing the liquid asset by liquid liability. OBJECTIVES:The objective of competing the ratio is to measure the ability if the firm, to meet its short term obligations as when due without relating upon the stock. FORMULA:Liquid ratio = Where as, Liquid asset = current asset stock- preliminary expenses Liquid liability = current liability BOD cash credit YEAR Liquid asset Stock Liquid liability Ratio 2011 1201197345 (268290375) 932906970 (751626152) 1.24% 2010 946591859 (228258544) 718333315 (531389832) 1.34% 2009 919671456 (198890316) 2078440 (458910780) 1.57%
26
INTERPRETATION
According to above table year 2009 has high liquid ratio it was 1.57% and in the year 2010 & 2011 it was 1.34 & 1.24% resp.
1.8 1.6 1.4 1.2 1 0.8 0.6 0.4 0.2 0 2009 2010 2011
27
y QUICK LIABILITY:MEANING:Quick ratio is finding by dividing quick asset by liquid liability it is known as acid test. OBJECTIVES:Current ratio less stock & debtors. This ratio suggests whether available cash and cash equivalent are sufficient to meet the short term liability. FORMULA:Quick ratio = Where as, Quick asset = cash+ bank balance Year 2011 Cash & bank bal. 608075608 Liquid liability 751626152 Ratio 0.81% 2010 493381832 537389832 0.92% 2009 502946648 458910780 1.09%
INTERPRETATION:According to the above table quick ratio of the year 2009, 2010 & 2011 was 1.09, 0.92 & 0.81% resp.
28
1.2
0.8
0.6
0.4
0.2
29
PROFITABILITY RATIO
(Related to sales) y Gross profit ratio y Net profit ratio y Operating ratio
30
y GROSS PROFIT :MEANING:It is the basic measure of profitability of business. It express relationship between gross profits earn to net sale. OBJECTIVES:The main objective of computing this ratio is to determine the efficiency with production and purchase operation FORMULA:Gross profit ratio =
Where as, Gross profit = sales- COGS Cogs= operating STOCK+NET PURCHASE+PURCHASE EXPENCES+WAGES-CLOSING STOCK
31
INTERPRETAION:According to above table the net profit ratio of the year 2011, 2010 & 2009 is 4.74, 3.62 & 3.59% resp.
32
y OPERATING RATIO
MEANING:This ratio shows relationship between COGS + operating expenses to sales, admin selling & distribution exp. OBJECTIVE:The main objective of computing this ratio is to determine the operational efficiency with which production of purchase and selling exp. are related. FORMULA:Operating ratio =
Year 2011 COGS 1625676493 Operating exp. 1286495875 Net sales 2931884901 3102769778 94.49%
Ratio
INTERPRETATION:According to the above table the operating ratio of the year 2011, 2010 & 2009 is 94.49, 95.36 & 96.19 resp.
96.5
96
95.5
95
94.5
94
34
RELATED TO INVESTMENT
1) Return to capital 2) Return to share holder equity 3) Return to equity share capital 4) Return on total asset 5) Earnings per share ratio 6) Dividend per share ratio 7) Dividend payout ratio 8) Price earnings ratio
35
1. RETURN TO CAPITAL RATIO MEANING:It is the only measure which can be said to show satisfactorily the benefits being obtained for the effective involved i.e. for capital invested. OBJECTIVES:The objective of computing this ratio is to find out how efficiently the long term funds supplied by the debenture holder & share holder have been used. FORMULA:Return to capital ratio =
2011 22144457 17222335 238666892 Share capital 77659830 R&S 679688079 Long term loan 124083176 Capital 881431085 Ratio 27.08%
INTERPRETATION:According to the above table the return to capital ratio of the year 2011, 2010 & 2009 is 27.08, 24.31 & 19.44% resp.
36
30
25
20
15
10
INTERPRETATION:According to the above table the return on share holder equity of the year 2011, 2010 & 2009 is 19.44, 14.11 & 12.68% resp.
25
20
15
10
38
INTERPRETATION:According to the above table the return on equity share capital of the year 2011, 2010 & 2009 is 189.57, 117.63 & 97.37% resp.
39
INTERPRETAION:According to the above table the return on total asset of the year 2011, 2010 & 2009 is 18.66, 13.77 & 12.61% resp.
20 18 16 14 12 10 8 6 4 2 0 2009 2010 2011
5. EARNING PER SHARE RATIO MEANING:This ratio measures the profit arability to equity share holder on per share bases. It is the net actual amount paid to share holder as dividend (maximum paid to them). OBJECTIVES:The objectives of computing this ratio is to measure the profitability of the firm on per equity share holder.
41
INTERPRETATION:According to the equity share per ratio the ratio of the year 2011, 2010 & 2009 are 18.96, 11.29 & 9.74% resp.
42
6. DIVIDEND PER SHARE MEANING:The earning per share shows only theoretically what of share holder can get per share out of profit but it is not actual amount that they receive. FORMULA:Dividend per share =
INTERPRETATION:According to the above table the dividend per share ratio of the year 2011, 2010 & 2009 is 4.08, 3.39 & 5.52% resp.
43
7. DIVIDEND PAYOUT RATIO MEANING:It is the proportion of actual dividend received to the earning per share or the amount which belong to the equity share holders it is obtained by dividing the actual dividend per share by earning per share. FORMULA:Dividend payout ratio = Year DPS EPS Ratio 2011 4.08 18.96 0.22% 2010 3.39 11.68 0.29%
INTERPRETATION:According to the above table the dividend payout ratio of the year 2011, 2010 & 2009 is 0.22, 0.29 & 0.36% resp.
0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0 2009 2010 2011
45
2)
y y y y y
SOLVANCY RATIO
Debt equity ratio Capital guessing ratio Proprietary ratio Long term fund fixed asset Interest coverage ratio
46
Year Long term liabilities Share capital R&S Share holder fund Ratio
INTERPRETATION
47
According to the above table the debt equity ratio of the year 2011, 2010 & 2009 is 16.38, 9.71 & 24.32% resp.
30
25
20
15
10
48
y PROPRIETARY RATIO
MEANING:The ratio shows the proportion of proprietors fund to total asset employed in the business. The proprietors fund or share holder equity consists of share holder & capital. OBJECTIVE:The objective of computing this ratio is to find out how much the proprietors have finance to purchase asset. FORMULA:Proprietary ratio =
Year Share capital R&S Proprietor fund Total asset Ratio INTERPRETATION:-
According to the above table the proprietary ratio of the year 2011, 2010 & 2009 is 85.92, 81.91 & 80.38% resp.
49
Year Share capital R&S Long term liability Long term fund Fixed asset Ratio
INTERPRETATION According to the above table the long term fund to fixed asset of the year 2011, 2010 & 2009 is 2.36, 2.34 & 3.68% resp.
51
According to the above table the interest coverage ratio of the year 2011, 2010 & 2009 is 13.86, 9.89 & 8.17times resp.
52
53
ACTIVITY RATIO
y y y y y y Stock turnover ratio Debtor s ratio Creditor s ratio Fixed asset turnover ratio Current asset turnover ratio Total asset turnover ratio
54
Year COGS Op. stock Cl. Stock Average ratio Ratio INTERPRETATION
According to above table the stock turnover ratio of the year 2011, 2010 & 2009 is 6.55, 6.30 & 11.99 times resp.
55
y DEBTOR S RATIO
MEANING The ratio shows the number of days taken to collect the dues of credit sales. It shows the efficiency or otherwise of collection policy of an enterprise. OBJECTIVE. The objective of computing this ratio is to determine the efficiency with which the debtor is employed. FORMULA Debtors ratio =
56
INTERPRETATION According to the above table the debtor s ratio of the year 2011, 2010 & 2009 is 38, 33 & 35 days resp.
57
y CREDITORS RATIO
MEANING The no. of days within which amount we make payment to our creditors for credit is obtained from creditor s velocity or creditor s ratio. OBJECTIVE The objective of computing this ratio is to determine the efficiency with which the creditors are managed. FORMULA Creditors ratio =
INTERPRETATION According to the above table the creditor s ratio of the year 2011, 2010 & 2009 is 69, 60 & 58 days
58
59
INTERPRETATION According to the above table the fixed asset turnover ratio of the year 2011, 2010 & 2009 is 8.30, 8.33 & 10.48 times.
12
10
60
INTERPRETATION According to the above table the current asset turnover ratio of the year 2011, 2010 & 2009 is 2.58, 2.67 & 2.39% resp.
61
2.7 2.65 2.6 2.55 2.5 2.45 2.4 2.35 2.3 2.25 2009 2010 2011
INTERPRETATION
62
According to the above table the total asset turnover ratio of the year 2011, 2010 & 2009 is 3.52, 3.20 & 2.85% resp.
4 3.5 3 2.5 2 1.5 1 0.5 0 2009 2010 2011
27.16
63
Investment Diff. tax asset Differed tax liability Inventories Sundry debtors Cash & bank balance Loan & advance Current liability Provision Net current asset
68360000 5450518 26571488 268290375 324831362 608075608 285396308 751626152 274676401 1026302553
10.55 27.16 3.54 25.74 28.26 65.04 22.06 59.40 18.17 77.57
30.44 228258544 28.91 198890316 36.85 224951483 28.49 218334492 68.99 493381832 62.49 502446643 32.38 85.27 31.16 116.4 212745370 537389832 197268478 734658310 26.95 68.06 24.99 93.05 170425087 458910780 140354037 599264814
INTERPRETATION
1) SHARE HOLDER FUND a) Share capital This ratio suggests company s share capital. The share capital in the year 2009, 2010 & 2011 is 10.47, 9.84 & 10.47% resp. b) Reserves & surplus This ratio suggests company s reserves & surplus of the firm. The ratio of this firm in the year 2009, 2010 & 2011 is 69.9%, 72.88% & 77.11% resp.
64
2) LOAN FUND a) Secured funds This ratio suggests the secured fund of the company. The ratio in the year 2009, 2010 & 2011 is 19.55, 7.95 & 14.08% resp. b) Unsecured loan This ratio suggests the unsecured loan of the company. The ratio in the year 2009, 2010 & 2011 is 0.078, 10.13 & 14.02% resp.
3) Application of fund a) Fixed asset This ratio suggests the company s asset. The ratio in the year 2009, 2010 & 2011 is 53.40, 58.13 & 63.22% resp. a) Less/depreciation This ratio tells us the depreciation of the company s asset. The depreciation in the year 2009, 2010 & 20011 is 26.24, 27.73 & 26.22% resp.
4) Capital work in progress. The capital work in progress ratio of the year 2010 & 2011 is 8.00 & 5.42% resp. a) Net The net buck ratio in the year 2009 & 2011 is 27.16, 42.42% resp.
65
b) Investment The investment ratio in the year 2009, 2010 & 2011 is 10.55, 10.33 & 7.76% resp. c) Differed tax asset Differed tax asset in the year 2009 & 2011 difference is only of 1.29%. d) Differed tax liability This ratio suggests the companies different tax liability is less in differed tax asset in the ratio. The ratio in the year 2009 & 2011 is in decreasing stage the difference is of 0.51% only.
5) Current asset, loan & advances a) Inventories The inventories ratio in the year 2009 was 25.75% it was 28.91% in the year 2010 and it was 30.44% in the year 2011. b) Sundry debtors The ratio of sundry debtors in the year 2009, 2010 & 2011 is 28.26, 28.49 & 36.85% resp. c) Cash & bank balance The ratio of cash & bank balance in the year 2009, 2010 & 2011 is 65.04, 62.49 &68.99 % resp. d) Loan & advances
66
The loan & advances ratio in the year 2009, 2010 & 2011 is 22.06, 26.95 & 32.62% resp.
e) Current liability The current liability of the company in the year 2009, 2010 & 2011 was 59.40, 68.09 & 85.27% resp.
y Provision There were rapid increases in the year from the year 2009 to 2011. The ratio was 18.17, 24.99 & 31.16% resp.
67
COMMON SIZE PROFIT & LOSS A/C OF TTK HEALTH CARE LTD
PARTICULARS
INCOME Sales Excise duty related to sales Net sales Other income EXPENDITURE Goods comp. & excise duty Expenses Transfer from revaluation PROFITE BEFORE TAX Provision for current tax Deferred tax Benefit tax PROFITE AFTER TAX
2011
100 0.01 99.99 1.63 101.62 52.39 41.46 2.56 0.02 7.14 2.35 2.39 4.74
2010
100 0.09 99.91 1.49 101.40 53.23 41.31 0.74 0.02 8.24 2.12 2.53 3.62
2009
100 0.12 99.89 2.28 102.16 54.24 41.05 0.82 0.02 5.17 0.98 2.50 3.58
68
INTERPRETATION
1) INCOME a) Sales Sales is a income b) Excise duty relating to sales. In the year 2009, 2010 & 2011 excise duty of the company was 0.1, 0.09 & 0.12% resp. c) Net sales In the year 2009, 2010 & 2011 net sales the company was 99.88, 99.91 & 99.99 % resp. d) Other income In the year 2009, 2010 & 2011 the other income of the company were 2.28, 1.49 & 1.63% resp.
2) Expenditure
a) Good consumption and excise duty In the year 2009, 2010 & 2011 the goods consumption and excise duty was 54.24, 53.23 & 52.39 %resp. b) Expenses In the year 2009, 2010 & 2011 the expenses of the company was 41.05, 41.31 & 41.46% resp.
69
c) Deprecation In the year 2009, 2010 & 2011 the depreciation of the company was 0.82, 0.74 & 0.65% resp. d) Transfer from revolution stage In the year 2009, 2010 & 2011 the transfer from revaluation stage was 0.02 it was same in all the year. 3) PROFIT BEFORE TAX a) Less provision for tax In the year 2009, 2010 & 2011 the less provision for tax is 0.98, 2.12 & 2.35% resp. b) Differed tax In the year 2009, 2010 & 2011 the differed tax is 1.99, 0.41 & 0.39% resp. c) Benefit tax In the year 2009, 2010 & 2011 the benefit tax is 2.50, 2.53 & 2.39% resp. d) Profit after tax In the year 2009, 2010 & 2011 the profit after tax is 3.58, 3.62 & 4.74% resp.
70
PARTICULARS 1) Share holder fund Share capital Reserves & surplus 2) Loan funds Secured loan Unsecured loan Total Application of fund 1) Fixed asset Gross buck Less depreciation Add capital work in progress Net block Investment Different tax Different tax asset Different tax liability Current asset loan & advances Inventories Sundry debtors
2011
2010
2009
53.40 26.24
27.16 10.55
0.62 3.01
0.88 3.40
2.29 3.54
30.44 36.85
28.91 28.49
25.74 26.26
71
Cash & bank balance Loan & advance Total Less current liability & provision Current liabilities Provision Net current asset Miscellanies expenses Total
72
PARTICULARS INCOME Sales Excise duty related to sales Net sales Other income EXPENDITURE Goods comp. & excise duty Expenses Deprecation Transfer from revaluation res. Total Profit before tax Provision for tax Current tax Deferred tax Benefit tax Profit after tax
2011 100 0.01 99.99 1.63 101.62 52.39 41.46 0.65 0.02 0.06 7.14 2.35 3.39 2.39 4.74
2010 100 0.09 99.91 1.49 101.40 53.23 41.31 0.74 0.02 0.72 6.14 2.12 0.41 2.53 3.62
2009 100 0.12 99.89 2.28 102.16 54.24 41.05 0.82 0.02 0.79 5.17 .098 1.09 0.43 2.50 3.58
73
INTRODUCTION TO CASHFLOW
Introduction
Cash is the most liquid asset of a business. All business transactions ultimately results into cash inflow or out flow. Hence a statement that show cash flow is considered to be an important one the business should have sufficient cash in hand so that the liabilities can be paid A statement showing inflow of cash and outflow of cash during the last year and as a result the balance of cash at the end of the year is known as cash flow statement of the year The institute of chartered accountant of India has issued accounting standard three for preparing cash flow statement according to this standard the cash inflow and outflow are to be shown under three headings a) Cash flow from operating activities b) Cash flow from investing activities c) Cash flow from financing activities
Cash flow from operating activities This section includes cash flow from the principle revenue generating activities can be computed by two methods Direct method and Indirect method
1)
74
2) Cash flow from investing activities Cash flow from investing activities is in flow related to activities that are interred to generate income. This includes cash inflow and outflow from sales and purchase of assets
3) Cash flow from financial activities These cash flows related to transaction with stock holder and creditor such as issue of share capital purchase of treasury and stock dividend payment
75
Efficient cash management If the finance manager has a clear idea of cash receipt and payment cash resources can be efficiently managed. If the cash payment are planned at a time when enough cash inflow. It is possible manage business with minimum business capital 2) Useful for internal financial management The management can plan out payment of dividend repayment of long term loans purchase of machines and equipment etc. 3) Information about cash receipt and payment Such a statement will give information about the trend of cash receipt and payment such information is useful in the management and future contingencies.
1)
76
4)
Useful for controls This historical cash flow statement prepared for last year is useful for comparing the figure of cash budget and point of difference may be located.
5) Easy in obtaining funds By comparing the figures of cash flow statement and cash budget the cash planning and control becomes more effective liabilities are easily paid as and when they mature.
77
2214.44 1550.23 1337.46 197.73 181.80 174.72 4.85 4.58 18.50 92.65 29.77 172.22 174.40 186.43 5.11 0.77 20.12 306.21 350.85 322.13 2520.65 1901.08 1659.58 933.32 400.32 2143.36 3329.37 7919.8 2537.39 29.58 293.68 784.79 2362.61 459.80 1902.81 449.75 381.45 828.23 1656.61 375.21 1281.40
923.55 1128.24 486.01 9.63 12.11 23.73 29.71 5.11 0.77 50.17
78
224.24 714.16
115.36
500.00 942.16
Cash flow from financing activities Reduction due to buy back in share capital Securities premium Bank borrowing short term Public deposit/other loan Interest paid Dividend paid Net cash used in financing activities Net increases in cash & cash equipment Cash & cash equipment as at the beginning of the year Cash & cash equipment as at the end of the year
79
INTERPRETATION A) Cash flow from operating activities The operating activities in which working capital changes from 1902.8lakh to 2520.65 lakhs from year 2010-2011 which means that the cash flow higher as compared to the previous year.
B) Cash flow from investment activities As the co invested funds in fixed asset in year 2010 is 1128.24 investments is done more in the year 2010 than any other is 714.16 which is less than previous year.
C) Cash flow from financing activities Cash flow of the company TTK Health care ltd in the year 2011 is higher as compared to previous year it is 1146.94 lakhs in 2011, 90.64 laths in 2010 and 39.52 in 2009 which less compared to the year 2011
80
3.59 96.19
3.62 95.36
4.74 94.49
24.31 27.08 14.11 1.44 47.53 189.57 13.77 18.66 11.29 18.96 3.39 4.08 0.29 0.22
ACTIVITY RATIO Stock turnover ratio Debtors ratio Creditors ratio Fixed asset turnover ratio Current asset turnover ratio Total asset turnover ratio
82
CONCLUTION
It was the wonderful experience preparing this report on the company TTK HEALTH CARE LTD. I came to know many new interesting things while preparing this financial report I understand the important at financial statement by such statement one can understand the whole structure of the company. According to the present financial report TTK HEALTH CARE LTD Company is in good condition & will grow well in future. It had made growth of 76544677 as from 2009 to 2011. So its development can be seen gradually year after year.
83
BIBLOGRAPHY
www.ttkhealthcareltd.com www.wikipedia.com
84