Finacial Perforamance Analysis of Sree Santhosh Garments
CHAPTER I
INTRODUCTION AND DESIGN OF THE STUDY
1.1. INTRODUCTION
With the advent of economic reforms in the country the Economy is growing at a fast phase over the last decade. As of now the economy is booming. The growth rate is at 9%. This offers tremendous opportunity for corporate to grow to the extent of their capacity. The scope for growth is Textile sector. The sector has seen new players moving to India to setup its manufacturing hubs. Sree Santhosh Garments, a Garment manufacturer in Tirupur is eminently poised to take advantage of the situation and is growing effectively. As part of my MBA programmer a study is made on the existing financials of the company. Finance is the life-blood of any business concern. It is a lubricant that facilitates the company during tough times. Any enterprise would require funds for various purposes during its life-time. Finance is required to acquire fixed assets(fixed capital) and for day –to-day operations(working capital). As finance has a greater importance in running a business, an analysis on it is vital to give a clear picture about a particular business undertaking.
Financial Performance Analysis Financial analysis is the methodical classification of data given in the financial statements. It enables to make a complete diagnosis of the profitability and the financial solutions of any business or enterprise. The mere monetary figures available from the financial statements will not be much useful, unless they are transformed into simpler form that would enable financial analysis. The analysis of the financial statements and performance is very essential for any type of commercial undertaking. Thus the analysis of the financial performance of the company has undertaken in this project.
1.2 STATEMENT OF THE PROBLEM
In an organization the finance department plays a vital role to take decisions for the expansion or diversion of business. The directors of the firm are
INTRODUCTION AND DESIGN OF THE STUDY
1.1. INTRODUCTION
With the advent of economic reforms in the country the Economy is growing at a fast phase over the last decade. As of now the economy is booming. The growth rate is at 9%. This offers tremendous opportunity for corporate to grow to the extent of their capacity. The scope for growth is Textile sector. The sector has seen new players moving to India to setup its manufacturing hubs. Sree Santhosh Garments, a Garment manufacturer in Tirupur is eminently poised to take advantage of the situation and is growing effectively. As part of my MBA programmer a study is made on the existing financials of the company. Finance is the life-blood of any business concern. It is a lubricant that facilitates the company during tough times. Any enterprise would require funds for various purposes during its life-time. Finance is required to acquire fixed assets(fixed capital) and for day –to-day operations(working capital). As finance has a greater importance in running a business, an analysis on it is vital to give a clear picture about a particular business undertaking.
Financial Performance Analysis Financial analysis is the methodical classification of data given in the financial statements. It enables to make a complete diagnosis of the profitability and the financial solutions of any business or enterprise. The mere monetary figures available from the financial statements will not be much useful, unless they are transformed into simpler form that would enable financial analysis. The analysis of the financial statements and performance is very essential for any type of commercial undertaking. Thus the analysis of the financial performance of the company has undertaken in this project.
1.2 STATEMENT OF THE PROBLEM
In an organization the finance department plays a vital role to take decisions for the expansion or diversion of business. The directors of the firm are