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JAMAKHANDI SUGARS LTD

KARNATAK UNIVERSITY POST GRADUATE CENTRE


GADAG-BETGERI
A SUMMER IN-PLANT PROJECT REPORT ON

Working Capital Management


UNDERTAKEN AT

Jamakhandi Sugars Ltd. Jamakhandi


A Project Report Submitted to the Karnatak University,
Dharwad
in partial fulfillment of the degree of

Master of Business Administration


During The Academic Year
2014-2015

Submitted by:
Mr. MANJUNATH S. HAGEDAL
REGISTRATION NO. MBA14220006

UNDER THE GUIDANCE OF


INTERNAL GUIDE

EXTERNAL GUIDE

Prof. Rani Kale

Mr. M I Choudary

Assistant Professor

Assistant Hr Manager

KUPG Centre, Gadag

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

JSL, Jamakhandi

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JAMAKHANDI SUGARS LTD

KARNATAK UNIVERSITY POST GRADUATE CENTRE


GADAG-BETGERI
Prof. B. A. Hiremath.
Co-ordinator

Tel.No: 08372-245871
Cell: 9900798007

Ref No. KUPGCG/2015

Date: 25.07.2015

CERTIFICATE
This is to certify that Mr. Manjunath S. Hagedal a student of
MBA II Semester, has completed his Summer In-plant Project ( SIP )
at Jamakhandi Sugars Ltd. Jamakhandi entitled Working Capital
Management in partial fulfillment of MBA Degree as prescribed by
Karnatak University, Dharwad, during the academic year 2014 15.

Register No. MBA14220006

Prof. B. A. Hiremath
Co-ordinator

Examiner :

1. _________________

2. __________________

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

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JAMAKHANDI SUGARS LTD

KARNATAK UNIVERSITY POST GRADUATE CENTRE


GADAG-BETGERI
Prof. Rani Kale

Tel.No: 08372-245871
Cell: 953599301 8

Assistant Professor

Ref No. KUPGCG/2015

Date: 25.07.2015

CERTIFICATE
This is to certify that Mr. Manjunath S. Hagedal a bonafide
student of MBA II Semester, Karnatak University Post Graduate Centre,
Gadag, has completed his Summer In-plant Project ( SIP ) at
Jamakhandi Sugars Ltd. Jamakhandi .

He

has prepared and

submitted the project assigned to him, namely Working Capital


Management under my guidance.

Prof. Rani Kale


Assistant Professor
KUPG Centre, Gadag

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

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JAMAKHANDI SUGARS LTD

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

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JAMAKHANDI SUGARS LTD

DECLARATION

I, Mr. Manjunath S. Hagedal, a student of MBA II Semester,


Karnataka University Post Graduate Centre, Gadag, hereby declare that
the

project

work

entitled

Working

Capital

Management

in

Jamakhandi Sugars Ltd. Jamakhandi, is submitted to Karnataka


University, Dharwad, in partial fulfillment for the requirements for the
award of the degree of Master of Business Administration. This project
is a bona-fide work prepared by me under the guidance of Prof. Rani
Kale, Assistant Professor in Management, Karnataka University Post
Graduate Centre, Gadag.

The findings and suggestions of this project report are based on the
information collected during the period of my study.

To the best of my knowledge and belief, the matter presented in this


report has not been submitted previously in part or full to any university
for the award of any degree.

Mr. Manjunath S. Hagedal


MBA14220006

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

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JAMAKHANDI SUGARS LTD

ACKNOWLEDGEMENT

This project report is a result of contribution received from a number of people, This
report cannot be claimed as my individual effort, this is to acknowledge all the people
who have provided me with the inspiration and guidance during the preparation of the
project, therefore, i extend my deep sense of gratitude to all of them.
I express my sincere thanks to Mr. M I Choudary Assistant HR Manager,
Jamakhandi Sugars Ltd. Jamakhandi, for his guidance and support throughout the
project .
I express my deep sense of gratitude to Dr. R. R. Kulkarni, Admininistrator and
Prof. B. A. Hiremath, Co-Ordinator, Karnatak University Post Graduate Centre,
Gadag- Betgeri, for their inspiration and guidance.
I am thankful to my Project Guide Prof. Rani kale, for his valuable guidance and
support throughout the project.
I express my sincere thanks to Prof.M.B.Channappagoudar, Project Co-ordinator and
the entire Faculty, for providing encouragement, guidance and valuable suggestions.
Finally I would like to thank all my classmates and friends for their help, Last but not
the least; my family has always been a source of motivation and unconditional love,
which has helped me to accomplish my project on time.

Manjunath S. Hagedal
MBA14220006

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

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TABLE OF CONTENTS
Sl.N

Contents

Page No

o
Executive Summary

01

Chapter 1 :

Industry Overview

02

Chapter 2 :

Company Profile

04

Chapter 3 :

Literature Review

36

Chapter 4 :

Research Methodology

44

Chapter 5 :

Analysis & Interpretation

47

Chapter 6 : Findings

58

Suggestions

58

Conclusion

58

10

Bibliography

59

11

Annexure

60

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EXECUTIVE SUMMARY
The project report entitled Organizational Study and changes in working capital"
undertaken by me at JAMAKHANDI SUGARS LIMITED,JAMAKHANDI. as a part
of curriculum activity of MASTER OF BUSINESS ADMINISTRATION course.
This report highlights various departments of the organization and their functions.
Project also given insight into working of JAMAKHANDI SUGARS LIMITED,
JAMAKHANDI. The main objectives of this report are to study organizational structure of
the Company and the various departments functioning. The report also explores other
variables with respect to the company.

Title : working capital in jamakhandi sugars ltd.


Objectives of the study
To study the overall working of the organization
To study the efficiency of working capital management of the company
To study the cash, inventory, and receivables management of the
company
To measure the overall financial position of the organization with the help
of working capital

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CHAPTER -1
INDUSTRY OVERVIEW

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Introduction:

The sugar industry occupies a major place in the organized industries of India. It
ranks second next to cotton & textile industries. It provides employment to nearly 5
lakh of people directly. Sugar is essential product in India. Considerable quantity of
sugar is produced in India. India produces white sugar, Khandasari, and Jaggery.
There are about 450 sugar industries working throughout the country. Among them
120 are in private sector, 235 in co-operative sector and remaining 95 are in public
sector. In Karnataka state there are about 46 sugar industries established. Out of 46,
22 are in private sector, 21 are in co-operative sector and remaining 3 are in public
sector. The sugar industries are located in an in joint venture rural areas and have an
intrinsic symbiotic relationship with rural masses. Some units are also in a position
to supply surplus power to KPTCL through bagasse based co-generation system.

The sugar industry contributed the revenue of the central and the state
government to a sum of Rs.350 crores in the form of taxes & duties. The sugar cane is
being grown in about 3.85lakh acres. Every year the crop is mostly concentrated
around Bagalkot, Belgum, Mandya and coastal areas. The crop can be grown in all
types of soil but higher yields can be obtained in rich wet drained and medium soils.
Sugar cane, which is a raw material for sugar is perishable and weight losing natured
crop. Hence it is a agro based industry. The concentration of sugar crop is found in the
areas of Maharashtra and part of North Karnataka. The sugar industry was highly
regulated industries but after 1999 it is relicensed.

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CHAPTER-2
COMPANY PROFILE

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JAMKHANDI SUGARS LIMITED, JAMKHANDI


Background:
JAMKHANDI SUGARS LIMITED was incorporated in 1993 to establish a
Sugar cum Co-generation project in backward rural area (about 20 kms. From
Jamkhandi town), which would serve as a powerful media for augmenting the socioeconomic prosperity of the farmers in particular and of the industrial backward
Bagalkot-Bijapur district in general.

Shri S B Nyamagouda, MLC Karnataka

Government (Former Union Dy. Minister for Coal) the Chairman who promoted th
e company with the association of local farmers and general public has
engaged himself in socio-economic development of this region since 20 years.
Construction of Chikkapadasalgi and Heggur barrages on co-operative basis with the
help of farmers are his recorded contributions. The unique experiment of Self-help
at Chikkapadasalgi brought 35000 acres of land under irrigation and solved drinking
water problem of 30 villages.

The benefit of the above 35000 acres (under

cultivation) would be available for Jamkhandi Sugars Limited in terms of growing


sugarcane. The sugar mill needs about 15000 acres of sugarcane of 100% capacity
utilization.

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Company profile
NAME OF THE COMPANY
ADDRESS

REGISTRTION NO
REGISTRION DATE
YEAR OF ESTABLISHMENT
CRUSHING CAPACITY
CO-GENERATION
PROJECT COST
TOTAL LAND
ACTIVITY UNDER TAKEN

Jamkhandi sugars ltd


At: hirepadasalagi post: Naganur
Tq: jamkhandi Dist :Bagalkot
State: Karnataka.
08/14570
26/07/2009
October 2001
2500 T.C.D
12MW
8300 Lakhs
199 Acers
Production of sugar and by products
like bagasses and molasses and power.

JAMKHANDI SUGARS LIMITED:


M/s Jamkhandi Sugars Limited, a registered Public Limited
Company has established a new sugar mill with a capacity to crush 2500 TCD
sugarcane expandable to 3500 TCD and co-generation of 12 MW power in two
phases at 6 MW each. 4.5 MW would be captive demand for its own consumption
with a surplus power of 7.5 MW for sale. During the off-season only 6 MW power is
proposed to be generated by extending the co-generation period by 60 days utilizing
the available bagasse and also bagasse from local sources. The power consumption
by JSL during this period would be 1 MW and the surplus power available for exports
would be 5 MW.
JSL has been registered with the Register of Companies under
Companies Act, 1956 vide Registration No. 08/14570 on 26th July 1993. A letter of
intent has been issued on 31st March1994, which was extended up to July 1998.

The sugar factory is located at Hirepadasalgi village situated about


20 Kms. from Jamkhandi town, Bagalkot district in an area of 149.825 Acres. The
site is at a distance of 5 Kms from Bijapur-Dharwad state highway and adjacent to the
link road connecting Chikkapadasalgi and Savalgi villages. River Krishna is flowing
at a distance 5 kms from the site.
The project envisaged for installation of 2500 TCD capacity sugar
production with co-generation of 12MW power was originally appraised by IFCI
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during April 1999. The trial production was taken up during April-May 2001 and
commercial production during October 2001.
The total area of sugarcane in the project area is around 6670 ha. With a
production of 5.00 lakh tones, which is expected to stabilize at about 11265 ha. With a
production of around 8.5 lakh tones. This is against the requirement of 4.5 Lakhs for
the 2500 TCD plant. It is proposed to crush for 180 days and plant operated at 95%
capacity during the first three years and 98% thereafter. The power generation will
then be 12 MW and surplus available after utilization by the factory would be 7.5
MW. It is also proposal to continue operations for about 30 days during the offseason using the surplus bagasse when the exportable power during this period will be
5 MW.
The sugar plant is expected to produce 1280 tones bagasse (TPH at 30%).
In addition, the bagasse from jaggery and Khandasari units and other sugar factories,
which do not have co-generation facilities, would be purchased to operate the cogeneration plant at optimum capacity during off-season.

Achievements:
1.

Jamkhandi Sugars Limited is started in 2001-2002 regular crushing. It is


new sugar factory yet there will be teething problems for 1-2 years, yet
during 2nd crushing season 2002-2003 we have achieved.

Total Cane Crushed

3,90,090

Total Sugar Bagged

4,49,300

Recovery

11.50

During 5th Crushing Season 2005-2006 the achievement is exemplary.

Total Cane Crushed

4,71,418

Total Sugar Bagged

5,52,015

Recovery

11.68

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During 6th Crushing Season 2006-2007 the achievement is exemplary.

Total Cane Crushed

5,34,367

Total Sugar Bagged

6,45,015

Recovery

12.05

BEST

PERFORMANCE

SUGAR

FACTORY

AND

BEST

CANE

DEVELOPMENT SECOND PLACE IN KARNATAKA FOR THE CRUSHING


SEASON 2006-2007 from The South Indian Sugarcane & Sugar Technologists
Association (SISSTA).

During 7th Crushing Season 2007-2008 the achievement is exemplary.

Total Cane Crushed

4,74,132

Total Sugar Bagged

5,82,695

Recovery

12.25

During 8th Crushing Season 2008-2009 the achievement is exemplary.


Total Cane Crushed

421316

Total Sugar Bagged

431640

Recovery

10.20

During 9th Crushing Season 2009-2010 the achievement is exemplary.


Total Cane Crushed

530010

Total Sugar Bagged

620825

Recovery

11.72

During 10th Crushing Season 2010-2011 the achievement is exemplary.


Total Cane Crushed

515252

Total Sugar Bagged

604150

Recovery

11.72

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During 11th Crushing Season 2011-2012 the achievement is exemplary.
Total Cane Crushed

622132

Total Sugar Bagged

734490

Recovery

11.81

During 12th Crushing Season 2012-2013 the achievement is exemplary.


Total Cane Crushed

525765

Total Sugar Bagged

544420

Recovery

10.36

During 13th Crushing Season 2013-2014 the achievement is exemplary.


Total Cane Crushed

747197

Total Sugar Bagged

840440

Recovery

11.25

During 14th Crushing Season 2014-2015 the achievement is exemplary.


Total Cane Crushed

923369.9

Total Sugar Bagged

1107810

Recovery

12.00

2.

The Factory is installed for 2500 TCD capacity but during 2005-2006,
2006-2007 & 2007-2008 the crushing capacity is gone more than 3000 MT
per day at times, the crushing is gone more than 3200 MT per day. The
total number of days cane crushed more than 3000 MT is 60 days.

3.

Mill performance is scaled by achievement of reduced Mill Extraction and


Boiling House efficiency is scaled by achievement of reduced Boiling
House Extraction. The efficiencies are 95.23 % and 89.70 % respectively,
which are the highest for our factory in particular and reasonably very high
with in near factories in Karnataka.

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4.

Jamkhandi Sugars Ltd. is producing good quality sugar continuously and


exported in two crushing season reasonable quantity.

5.

Last but not least the sugar colour and crystal size is very much
appreciated by the farmers and traders fetching a high premium to the
factory.

6.

We have exported Power to Grid 153 Lakhs units during 2005-2006 and
190 Lakhs units so far during 2006-2007 we expect future power export to
the extent of 50-60 Lakhs units totaling 250 Lakhs units.

7.

We are glad to state that Carbon Credit from UNFCC is realized upto
September 2006 and Carbon Credit is valid upto 2012, which is an
additional income for the company. In Northern Karnataka only few Sugar
Factory has got Carbon Credit from UNFCC.

BOARD OF DIRECTORS

1.
SHRI S B NYAMAGOUD
2.
SHRI G S NYAMAGOUD
3.
SHRI SHIVAPRAKHASHAM
4.
SHRI ISHWAR BIDARI
5.
SHRI ASHOK AWAKANAVAR
6.
SHRI RAJUGOUDA B PATIL
7.
SHRI ANNAPPA A HUDDAR
8.
SHRI LAXMAN S SAVADI
9.
SHRI SURESH A PATIL
10. SHRI RAJU S KADDAPATTI
11. SHRI PADMMANNA G JAKANURU

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Board of management is supported by following executives.
Shri S B Nyamagoud

Chairman

Shri Shivaprakash

Managing Director

Shri Anand B Nyamagoud

Executive Director

Shri S Naik

General manager

Shri S Loganathan

General management

Shri R Varma

General manager (Finance & Account)

Shri V A Kalshatti

Chief Engineer Mechanic

Shri B D Kamti

Chief Chemistry

Shri M I Horati

General Accountant

Shri H R Kanthi

General Manager (Cane)

Shri Ambi

Deputy Manager (Cane)

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ORGANIZATION STRUCTURE
Organization structure is a basic framework within which the
decision. Making behavior of an executive takes place. It is an established pattern of
relationship among the components of the organization. Jamkhandi Sugars Limited is
headed by the Chairman under whom M.D. and can Advisor will take place. This
crew guides the G.M. which is assisted by and the departmental managers and heads.
Organization chart

Board of Directors

Chairman and Managing Director

Chief Executive Officer

General Manager
(Tech)

Manager
(Finance & A/C)

Assistant Manager (General A/C)

Assistant
Accountant

Clerk

Assistant
Accountant

Clerk

General Manager
(Cane)

Assistant Manager

Assistant
Accountant

Clerk

Assistant
Accountant

Assistant
Accountant

Clerk

Clerk

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Assistant
Accountant

Clerk

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DETAILED STUDY OF THE DEPARTMENTS

HUMAN RESOURCE MANAGEMENT


a) Introduction:
In Simple sense, HRM means employing people, developing their recourses,
utilizing, maintaining and compensating their Services in tune with the job and
organizational requirements with a view to contribute to the goals of the organization,
individual and the society.

To recognize the role of HRM in bringing about organizational effectiveness,


HRM is not an end in itself. It is only a means to assists the organization with it
primary objectiveness. Simply stated, the department exists to serve the rest of the
organization. HRM is helped by the means of performance Appraisal.
Personal department is the main department in this factory. An officials
involved in this department are.
1 Manager
2 Assistants
3 Drivers

b) Duties & responsibilities:

Collecting information about vacancies in varies department and divisions, keep


informed about the same to the management.
Maintaining pay Roll records with details.
Filing of all statutory return to the concern department in time.

Releasing advertisement about vacancies, specially posts, scrutinizing the


applications, calling candidates for interview in consultation with the chairman /
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managing director, issuing appointment order/ letter of offer to the selected candidates
at the time of their entry in the company.
Short listing offers of various sub contractor issuing award letters to competitive
sub-contractors maintain their.
Maintains various register related to employees.
Control of vehicle movement arranging garden maintenance.
c) Selection & recruitment:
Recruitment of new employee in a company is the main and important role of
personnel department. The following chart shows the recruitment process.

Collection of data

Advertisement

Scrutinizing the application

Interview

Letter of offer

Induction
Appointments

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d) Staff & workers:


About 474 workers are working in the factory, they have divided as follows.
Administration department

28

Time Office

Account Section

16

Purchase Section

Cane Department

100

Engineering department

206

Civil

Manufacturing department

91

Store Section

EDP/ IT

Attenders

Total

474

e) Welfare facilities:
A labor welfare facility means efforts to make life with living for workman.
The basic purpose of providing welfare facilities is to improve the working conditions
and make a worker a good employee and happy citizen in the society. There have
been a lot of welfare facilities provided to the employees in the factory like.

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f) Time office section:


This is another section under administrative department. This section work for
24 hours in a day which is divided in to 3 shifts each shift is of 8 hours.
This section maintains the attendance of the employees depending on total
attendance for the period. The salary for the respective employees is decided. It shows
each and every thing related to a worker such as the department in which he is
working and his attendance in that department, his salary records etc.
This department is also responsible for the dress neatness and time of coming
and going of an employee.
The following are some register maintained in this department,
Attendance register
Salary register
Leave register
Absent register
Employee records file.

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Time Shifts
a) 1st Shifts

5 AM to 1 PM

b) 2nd Shift

1 PM to 9 Pm

c) 3rd Shift

9 PM to 5 AM

d) General Shift

8 AM to 6 PM

MARKETING DEPARTMENT
a) Introduction:
This section shows its important when the question of sales comes because
this section takes care of sales of sugar produced and also sale of By products like
bagasses, molasses etc. In this section there are 3 employees are working. There is
one accountant and two assistant clerks.

Sales of sugar is control by the government. Government put some rules and
regulations on sale of sugar. Sale of sugar is takes place in 3 categories, there are:

1 Free sale
2 Levy sale
3 Export sale

Free Sale
We have freedom to sale anybody in India for any rate up to the
quantity fixed by them.

Levy Sale
It is controlled by central and State Government.

According to the government, 10% of the sugar is given to the government at

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levy

rate. Government of India will issue release order for levy and also fix the

Levy rate and duties on Levy.

Export Sale
Sugar exporting other country.

b) Functions:

1. Undertaking the sales activities as per the rules and regulations.


2. Maintaining proper records with regards to sales.
3. Maintain the physical stock properly in the godown.
4. Preparation of sale Invoices.
5. Maintain the ledgers of each Traders and Brokers.
6. Preparation of sales reports.

C) Distribution channel:

MANUFACTURER

WHOLESALER

RETAILER

CUSTOMER

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d)

Customers:

1 Aditya sugars, Bangalore.


2

Libra services, Bangalore.

Chini Canvasser, Bangalore.

Pragathi sugars, Bangalore.

United Sugars Agencies, Bangalore.

Mukund Trading Co, Hyderabad.

Krishna Sugars, Hyderabad.

Vijay Trading Co. Hyderabad.

9 Shyam Sugars, Hyderabad.


10
Exports to:
Srilanka
Republic of MN
Saudi Arabia
Bangladesh
Pakistan

FINANCE DEPARTMENT
a) Introduction:
This is the one of the main section in administration department. It maintains
all the records of the transaction and makes the entries accordingly. This section is
only meant to deal with monetary transaction and maintain profit and loss account
balance sheet such other books. In this section other two section comes which are as
follow,

1 Cane account section


2 General account section

Cane account section is meant to maintain all the records relate to the maintain
all the records relates to the dealing cane, it means that, it maintain the purchase and
consumption of cane for the purpose of the production.

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General account section is meant to maintain all transaction other than
transactions related to cane. The transaction includes payment of sales tax, income
tax, and all other kind of transactions.

Different types of register which are maintain in this section are as follows,

1 Advance register
2 Bank register
3 Contractor register
4 Depositor register
5 Expenses register
6 Fixed assets
7 Store supplier
8 Cane supplier

PRODUCTION DEPATMENT
Manufacturing department is one of the core parts in every process-based
industry. In addition, it plays vital role in the organization for smooth going in every
sugar industries.

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Engineering section:

CANE
WEIGHTMENT

POWER
GENERATION

POWER
GENERATION

CANE UNLOADING

CANE
PREPERATION

MILLING

b) Mechanical section:

This includes all the mechanical process that is right from the cane
weightment till milling (obtaining of sugar cane juice) for further processing.

Can this section includes four main steps they are,


1

Weightment

2 Cane Unloading
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3 Cane Preparation
4 Milling

c) Cane weightment:

Cane weightment is totally computerized process. Here the cane weightment is


carried through electronic platform are called weight bridge. This electronic
platform is of four types. Two are 40 tonnes each for lorry and Tractors and other two
with capacity of 20 tonnes for carts.

d) Cane unloading:

Here the weighed sugar cane is unloading and further send for cane
preparation with the help of sling attached instrument. Cane is loading on the feeding
table for further process.

e) Cane department:

After feeding the sugar cane on feeding tables with the help of levelers which
avoid overloading of sugarcane is sent to primary cutter which cut the sugar canes
into small pieces further fine fibers are obtained from these pieces by passing them in
the fibrizers.

f) Milling section:

After fibrizering, the cane passing the prepared fiber cane through a set of
mills carriers on milling weighted hot water is also added in the course of crushing for
better extraction of juice. After crushing the juice is sent for further processing.
g) Electrical section:
The section has two other sub sections they are
1] Boiler section
2] Power generation

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h) Boiler section:

Boiler is one of the main apparatus in the production of sugar cane, it is use
cogenerate steam. The process goes like this, the water is filled in the boiler and
heated with the help of wood or bagasses, the so generated steam are used to generate
power for the factory operation.

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SUGAR PROCESS FLOW CHART:

Cane weightment

Cane unloading

Cane conveying
Residential bagasses used as fuel to boilers

Cane preparation
Residential bagasses used as fuel to boilers

Milling

Raw juice weighing


Sulphitation
Sedimentation

Filtration

Evaporation
Syrup sulphitation
Crystallization

Gradation

Storage

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PURCHASE DEPARTMENT
a) Introduction:
It is also an important section in administrative department in performing the
activities of marketing. In his section there are 4 employees. There are,
1 Assistant purchase officer
2 Purchase assistant
3 Computer operator
4 Local purchase clerk.

b) Procedure for purchasing the materials:

1} Enquiry:
It goes to different suppliers and enquire about goods which are
necessary to them for present and future requirement. They will purchase goods
with bulk quantity by year wise.

2} Collection of quotations:
After collection of quotations, they have made comparison between
quotations. It includes comparison of price, discount, quality, quantity, credit
period, delivery time etc.

3} Negotiation:
After comparison different quotations them they will deals with
supplier.

4} Finalization of order:
In final stage they will go detail discussion about quotations which are
very near to this requirement.

5} Issued to store department:


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Internally in the organization requirement will come from store
department through indents. And goods which are finally purchased as issued to
store department.

a) Registers to be maintained in this section are:

Floating enquiry register

Vendor list

Comparative Register

Purchase order Register

Pending file

Rejection file

STORE DEPARTMENT
a) Introduction:
Store department is also important section in the administrative department.
All type of materials are kept in this section which are required for the factory for
smooth running. In this section, workers are work day and night and shift is changing
every 8 hours. The main work of this section is to providing the material to the
required department. There are 6 workers working in this section.
1. Store in charge
2. Assistant
3. Helper

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b) FUNCTIONS OF STORE DEPARTMENT:

1)

Material through Indent:


Here, first Concern works section heads inform to store
department for required material through indent. Then store department
check the require material are available or not. If materials are not
available, then they inform to purchase department through purchase
indent. Store department send to purchase department directly for
consumable goods.

2)

Checking of purchase order:


When materials are come to store, the authority person check
the purchase order & also check material and invoice.

3)

MIR-material Inward rejected:


They received MIR-with serial number then send to concern
department for checking. If they cleared MIR, then they send to account
department for account transaction of received material.

4)

If materials are rejected:


If materials are rejected the same is to written in MIR
remembers column for what purpose the same will rejected and inform to
purchase department and also party who had supplied that materials. Then
rejected materials are sending to purchase department.

5)

Issue note:
If material is require for any department, sign is must required
on store indents receipt. person of material and authority person of store
also sign on store indents i.e. store keeper the same is to be posted to bin
card and they reduce the stock & value of materials.

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6)

Returnable material gate pass:


Some materials are issued which are returnable to store. For
this purpose, they issued gate for issued materials, are issued for a
particular period. After that period, materials are comes to store
department then store keeper record for received materials. If materials
are not return after a particular period, store keeper inform to management
for taking further action against third party (here third party is who taken
materials from store with gate pass (returnable materials.)

Debit notes:
Store department issued any materials to fabrication for supple
on chargeable basis, the same debit note is raised for deducting the cost
volume to supplier account and then inform to account department for
making final settlement.

8)

Computerized system:
They have computer for recording all transaction and also they
have manual method for recording transactions.

9)

Verifying of stock materials:


They verify stock monthly, quarterly, half yearly, yearly and
they also verity stock occasionally as per requirement. Stock report should
be submitted to accounts departments at year ending.

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EDP DEPARTMENT
(Electronic Data Process)
a) Introduction:
EDP is nothing but a computer section EDP is the part of administrative
department. Since manual working is costly, tedious & also time consuming the
factory has computerized some the department. The functions of EDP dept are.

1) Maintaining the records


2) Designing the report required by the department
3) Maintaining server and clients
4) Maintaining system hardware.

In this factory, all about 40 computers are using. EDP dept using the software
like visual basic , Access, data base, crystal report, Tally. EDP dept install wireless
networking is to the various departments.

Following are the dept which have been computerized:

a. Sales department
b. Purchase department
c. Cane development department
d. General account department
e. Store department
f. Time office department
g. Weight bridge department
h. Electrical department

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POWER HOUSE:

Process chart of Co-generation


Water treatment

Make up water

Feed water tank

Deareator tank

pumping

Stream pump

turbin

Generator (electricity)

The factory has started its own co-gen (co-generation) means it has started
producing electricity from oct-2001 of 12 MW power in two phases at 6MW each.
3.5 MW would be captive demand for its own consumption with surplus power of 8.5
MW for sale.

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Power generation details from 2001-02 to 2014-15


Years

Total

generation

(KHW)
2009-10

1,65,88,862

2010-11

2,63,83,580

2011-12

3,86,47,202

2012-13

6,74,80,666

2013-14

7,10,20,260

2014-15

6,73,38,950

CIVIL ENGINEERING DEPARTMENT


a) Introduction:
Civil engineering section is one of the important sections of the administration
department of the company.

The main function of this section is constructing

buildings, roads, materials works which are connected to the factory only.

Another function of this section is also to provide agreement for general


function. There are four employees working in this section manages guest house and
other repairs of the quarters provided to the employees & workers.

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b) GODOWN SECTION:
The company has 2 godowns with the capacity of about 2.5 lakh bags of sugar.
After receiving the delivery note from the sales department they release the sugar
bags as mentioned there in to concerned party.

The record books maintained are.

Record and register book


Stock account RG. 1
Release order Register
Monthly Register
Yearly Register

C) Molasses:
The company has one tank for the storage of molasses with the capacity of
4000 tones. Molasses is directly collected from the factory to the tank through pumps.

d) Products:

Finished products:

The finished product is sugar which is produced from the sugar


cane. There are 4 varieties of sugar produced. There are
S1-30
S2-30
M-30
L-30

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By products:
There are three types of By product produced during the
manufacturing of sugar from sugarcane There are
1 Molasses
2 Bagasse
3 Fresh mud
4 Power

Molasses is used as a major content in production of wines and other alcoholic


products so it is sold to 11qoor industries

Bagasses is used also one of the By product obtained during the process It is
used as fuel for boilers to produce It is used as fuel for boilers to produce steam
through which electricity is obtained.

Fresh mud is yet another by-product produced during the process. It is sold to
farmer during the process, which they in turn use it as fertilizer to grow sugar cane. It
is also sold to sterilizer units & also teed to the cattle.

SWOT ANALYSIS
In the following four sections are the most relevant issue to
Jamakhandi sugar Ltd. For his successful operation JSL s need employees and
targeted focus JSL will capitalize on these and other strengths to take advantages of
opportunities and manage and threats because they are the sugar producing experts.

Strengths:

Management: JSL management committee has a successful record in this


industry. There experience and the network of valuable connections have
developed over time & have contributed greatly to its success.

Location: JSL is ideally located in the area which is fully irrigated and here
farmers are cultivating sugarcane and farmers are more satisfied of factory
billing and other facilities.

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Experienced workers: JSL team is experienced in the producing more quality


sugar moreover they are willing to put in extra time & effort to build a
successful business.

Computerized: In JSL all department are manual system to be computerized


and their also have manual system for entering day-to-day transactions of
industry

Plant Layout: JSL has organized well structure plant layout which flow of
production. So, production process goes as it designed by the management
body. It has well design plant layout.

Weakness:
Lack of marketing communication: JSL does action activities. This result in
under exploitation of the available market potential.

Training program: Training and induction program is very necessary to


company; it helps to new and existing employee to know their job with change
technologies and equipment of the company.

Number of employee: Company has a good and experienced employees but


that is into the limit. So company has to recruit more employees to their
factory.

Opportunities:

Growth market: Now a day sugar has own importance & also market price of
sugar is also high. JSL is providing good billing to farmer and also salary to
workers and thats why this is one of the best sugar factory in India.

International market: JSL has potential to achieve sales from the national and
international market. JSL establish it self and gains financial stability it began
market its quality sugar nationally and internationally.

Co-gen: JSL providing 12 megawatt power and they will give this co-

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generation to government (KPTEL). Thats helps the government to supply
the electricity for the public.

Threats:

Competition: Stiff competition by the competitors like Nandi sugars Godavari


sugars Prabhu sugars etc.

Price strategy: Because of heavy competition the price strategy will changing
environment.

Economic Downturn: Continued growth is anticipated however unforeseen or


unanticipated economic recession would reduce dis passable income and
threaten to JSL sales.

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CHAPTER- 3
Literature Review

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Working capital
Working capital is the capital used for the day-to-day operations in the
organization. It denotes the money that circulars in the organization for
smooth functioning of the organization.
Strict working capital management leads to immense improvement in internal
effectiveness working capital is the difference between resources I cash (Current
Assets) and organizational commitments for which cash would be soon required
(Current Liabilities). Current Assets are the resources which are in cash or will soon
be converted into cash in ordinary course of business. The faster business expands
the more cash it will need for working capital and investment.
Good management of working capital will generate cash, help to improve
the profits, solidity the relationships with suppliers and customers, and reduce risk.
This project was undertaken to analyze the working capital policies. Working capital
management of the company and to reduce down their problems and finding the
solutions with respect to the working capital management of the company.

Working capital is a needed for smooth conduct of day today business activities. It
is needed to finance the current assets of the firm. The working capital should neither
be in excess would have a negative impact on the firms profitability because of the
idle investment. On other hand inadequate working capital would lead to inability to
meet the current obligation which would hamper the firms creditability and thereby its
reputation.

Working capital cycle:


In a manufacturing concern the working capital cycle starts with the purchase
of raw-materials and ends with the realization of the cash from the sale of finished
goods. This cycle involves purchase of raw materials and stores, its conversion into
stocks of finished goods through work-in-progress with progressive increment of
labor and service cost. Conversion of finished stock into sales, debtors and
receivables and ultimately.

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Debtors
(Receivables)

Cash

Finished goods

Raw materials

Work-in-progress

The working capital management precisely refers to management of current assets. A


firms working capital consists of its investment in current assets, which include
short-term assets such as:
Cash and bank balance,
Inventories,
Receivables (including debtors and bills),
Marketable securities.
Working capital is commonly defined as the difference between current assets
and current liabilities.
Working Capital = Current Assets-Current Liabilities

There are two major concepts of working capital:


Gross working capital
Net working capital

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Gross working capital:
It refers to firm's investment in current assets. Current assets are the
assets, which can be converted into cash with in a financial year. The gross
working capital points to the need of arranging funds to finance current assets.
Net working capital:
It refers to the difference between current assets and current
liabilities. Net working capital can be positive or negative. A positive net working
capital will arise when current assets exceed current liabilities. And vice-versa for
negative net working capital. Net working capital is a qualitative concept. It
indicates the liquidity position of the firm and suggests the extent to which
working capital needs may be financed by permanent sources of funds. Net
working capital also covers the question of judicious mix of long-term and shortterm funds for financing current assets.

Components of Working capital


1) Current Assets
2) Current Liabilities
1) CURRENT ASSETS
An Asset is termed as current asset when it is acquired either for
the purpose of selling or disposing of after taking some required benefit through
the process of manufacturing or which constantly changes in form and
contribution to transaction take place with the operation of the business although
such assets dose continue for long in the same form.

Components of Current Assets


1.
2.
3.
4.
5.
6.
7.
8.
9.

Cash and bank balance.


Stock of raw-material at cost work in purpose and finished goods.
Deposits under the company scheme.
Prepaid Expenses.
Advanced recoverable in cash or kind or for value to be received.
Advanced payment of income tax credit certificates.
Miscellaneous stores, implement good in transit.
Excise duty and sales tax recoverable.
Security deposit with electricity board telephone department balances with
customers.

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Components of Current Liabilities
1.
2.
3.
4.
5.
6.
7.
8.
9.

Sundry creditors for the goods and expenses.


Income tax deducted at sources of company.
Expenses payable.
Amount due to promoter of company.
Unclaimed Dividend.
Security deposit.
Dealers deposit.
Liabilities for bills discounted.
Bank overdraft acceptance.

Types of ratios
Four basic types financial ratio used to measure to company performance
1)
2)
3)
4)

Liquidity ratio
Solvency ration
Profitablity ratio
Efficiency ratio

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OPERATING CYCLE
It is the time duration required to convert sales, after the conversion of
resources into inventories into cash. In simple word time period required to convert
cash into raw material, raw material into work in progress to finished goods to bills
receivables into cash. It can be explained through the following diagram.

Cash / Bank

Raw Material Stock


Trade Debtors

Finished Goods
Stock

Wages and overheads

Work in progress

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Components of working capital management :
Cash management
Cash is the important current asset for the operations of the business.
Cash is the basic needed to keep the business running on a continuous basis; it is also
the ultimate output expected to be realized by selling the service or product
manufactured by the firm. The firm should keep the sufficient cash, neither more nor
less. Cash shortage will descript the firms manufacturing operation while excessive
cash will simply remain idle,

without contributing anything towards the firms

profitability. Thus, a major function of the financial manager is to maintain a sound


cash position.

Working capital management involves deciding upon the amount and


composition of current asset and how finance the asset.
Working capital measured the financial dates of the companys balance sheet.
A study of the causes for changes of working capital that take place in the balance
from time to time necessary. These changes can be measured in rupee amount and %
by comparing current asset , current liabilities and working capital over the given
period
The importance tool of working capital are,

1) Ratio analysis of working capital


2) Fund flow analysis of working capital
3) Working capital budget

RATIO ANALYSIS
MEANING
Ratio is the numerical relationship between two numbers. It may be expressed in
quotients, rate or in percentage. The ratio analysis of working capital helps
management in checking upon the efficiency with which working capital has been
used in company.

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Ratio analysis is widely used tool of financial analysis. It is defined as the systematic
use of ratios to interpret financial statement so that the strengths and weaknesses of
the firm,as its historical performance and current financial conditions can be
determined.
Ratios make related information comparable. A single figure by itself by itself has no
meaning. But when expressed in terms of the related figure, it yields sufficient
inferences. Thus ratios are relative figures reflecting the relationship between related
variables. They are used as tools of financial analysis, which involve their comparison
as single ratios which like absolute figures are not used.

IMPORTANCE OF RATIO ANALYSIS


The following are the importance of ratio analysis
1. Useful in financial position analysis.
2. Useful in simplification accounting purpose.
3. Useful in assessing purpose.
4. Useful in comparison of performance.
5. Useful in forecasting purpose.

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CHAPTER-4
RESEARCH METHODOLOGY

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RESEARCH METHODOLOGY
1) Primary data:
Discussion with personnel of finance
2) Secondary data:
This study is based on published data.
Secondary data from published annual reports for the last 3 years & few other
relevant data.
The nature of data collected for the study of the working capital management
is secondary data from the company. In order to draw meaningful inferences
the collected are analyses with the help of financial ratios.

Title of the project:


A Study on working capital management at Jamakhandi sugars ltd

Objectives of the study


To study the overall working of the organization
To study the efficiency of working capital management of the company
To study the cash, inventory, and receivables management of the
company
To measure the overall financial position of the organization with the help
of working capital.

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SCOPE OF STUDY
Since the decisions regarding working capital are of an operating nature the
scope of the study geared towards identifying important areas of control. The study
would also attempt to identify the various sources available for financing of working
capital. The study gives a fair idea of improvement in efficiency of working capital
management

LIMITATION OF STUDY
1) The study have been influenced by the limitation of the ratio analysis
2) This study deals with the data made available.
3) The result of the study cannot judge the business of the firm in general.

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CHAPTER-5
ANALYSIS OF WORKITAL

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Statement showing changes in working capital for the year 2013-14

Particulars

Years

Change
Capital

in

Working

Current Assets:
2013

2014

Increase

Inventories

2,11,94,89,025

3,09,22,00,521

972711496

Other current assets

10,94,76,777

17,09,16,866

61440089

Cash & Bank

2,70,95,411

6,55,37,451

38442040

Loans & Advances

14,47,58,872

29,73,02,060

152543188

Bills receivables

6,30,25,515

6,29,64,907

Gross
Working 2,46,38,45,600
Capital(A)

Decrease

60608

3688921805

Current Liabilities
Liabilities

422002704

Provisions

730230

240026556

491481

1701057427

2985991923

term 2113215850

2053052799

4237026211

5701565463

-1773180611

-201,26,43,658

Bills payables

Short
borrowings

662029260

238749
1284934496

60163051

(B)
Net Working Capital
(A-B)

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ANALYSIS OF WORKING CAPITAL
Statement showing changes in working capital for the year 2012-13
Particulars

Years

Change
Capital

in

Working

Current Assets:
2012

2013

Inventories

155,61,11,176.30 21,11,94,89,024.63

Debtors

5,51,35,887.23

6,30,25,515.03

Cash & Bank

7,39,55,755.32

2,70,95,411.46

Loans & Advances

15,81,68,622.90

26,64,91,121.78

Gross
Capital(A)

Increase

Decrease

7889627
46860343
108322498

Working 184,33,71,441.75 247,61,01,072.90

Current Liabilities
Liabilities

1133983567.19

1820671353.32

Provisions

27187310.00

9608116.00

686687786
17579194

116,11,70,877.19 183,02,79,469.32
(B)
Net Working Capital
(A-B)

68,22,00,565

64,58,21,604

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ANALYSIS OF WORKING CAPITAL
Statement showing changes in working capital for the year 2011-12

Particulars

Years

Change in Working Capital

Current Assets:
2011

2012

Inventories

88,33,76,315.30

155,61,11,176.30

Debtors

5,10,12,728.16

5,51,35,887.23

4123159

Cash & Bank

32,17,57,252.65

7,39,55,755.32

163588630

Loans & Advances

19,58,67,633.76

15,81,68,622.90

Gross
Capital(A)

Increase

Decrease
672734861

201287641

Working 145,20,13,929.87 184,33,71,441.75

Current Liabilities
Liabilities

55,81,11,212.37

113,39,83,567.19

Provisions

6,48,65,909.71

2,71,87,310.00

575872355
37678599

116,11,70,877.19 62,29,77,122.08
(B)
Net Working Capital
(A-B)

29,08,43,053

122,03,94,320

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RATIOS
CURRENT RATIO
This is most widely used ratio to know the capital position.
These ratios express the relationship between current assets and current liabilities and
give the information about firm ability to meet short term and long term working
capital.
Current Ratio = Current Assets
Current Liabilities

Current Assets
Current Liabilities
Current Ratio

2011-12
(in crores)
18.43
11.61
1.58

2012-13
(in crores)
24.76
18.30
1.35

2013-14
(in crores)
36.88
57.01
0.64

1.8
1.6

1.58
1.35

1.4
1.2
1
0.8

0.64

Current Ratio

0.6
0.4
0.2
0
2011-12

2012-13

2013-14

INTERPRETAION:
The table showing 2011-12 in financial year is good current ratio. In the
next years is decreeing on slowly.

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ABSOLUTE LIQUID RATIO
It considers only the absolute liquidity available with the firm means as early
as possible how company will get its cash ready in its hand. Here only cash, bank
balance, marketable securities are taken into consideration. The ideal ratio is 1:2
Absolute Ratio = Cash + Bank Balance + Short Term Marketable Securities
Current Liabilities

Particulars/Years
Cash & Bank
Current Liabilities
Absolute Ratio

2011-12
73.95
11.61
6.36

2012-13
27.09
18.20
1.48

2013-14
65.53
57.01
1.14

6.36

6
5
4
3
2

1.48

1.14

1
0
2011-12

2012-13

2013-14

INTERPRETAION:
In this diagram absolute liquid ratio is very high in 2011-12 that is 6.36% and
its slowly decreased in next 2 years compared to first year that 1.48%, 1.14%. in the
year 2012-13 and 2013-14 respectively.

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WORKING CAPITAL TO TURNOVER RATIO
This ratio shows the number of times the working capital is turned over within a
stated period. It is calculated as follows:
Working Capital Ratio =

Sales

Net Working Capital

Particulars/Years

2011-12

2012-13

2013-14

Sales

17.32

23.89

25.48

6.45

20.12

17.44

5.36

Net
Capital
Ratio

Working 12.20
5.12

20
17.44

18
16
14
12
10

Ratio

8
6

5.36

5.12

4
2
0
2011-12

2012-13

2013-14

INTERPRETAION:
Working capital tarn over ratio is highly increased in 2012-13 was 17.44% and
suddenly decreased in the next year2013-14 that is 5.36%.

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WORKING CAPITAL TO PROFIT
This ratio shows the relationship between working capital and the profit of the
company.
Working Capital to Profit =

Profit

Net Working Capital

Particulers/Years
Profit
Net
Working
Capital
Ratio

2011-12
44.50
12.20

2002-13
15.61
6.45

2013-14
-15.38
-20.12

3.64

2.42

0.76

3.64

3.5
3
2.42

2.5
2

Ratio
1.5

0.76

0.5
0
2011-12

2002-13

2013-14

INTERPRETAION:
In this table shows working capital on profit in falling down in the years of
ratio are 3.64%, 2.42%, 0.76 years on 2011-12, 2012-13, 2013-14 respectively.

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FIXED ASSET TURNOVER RATIO
This ratio measures the efficiency of the assets used. The efficient use of the
assets will generate sales. The inefficient use of assets will result in low sales volume
coupled with higher overhead charge and under utilization of the capacity.
Fixed Asset Turn Over Ratio =

Sales

Fixed Assets

Particulars/Years
Sales
Fixed Assets
Ratio

2011-12
17.32
36.05
0.48

2012-13
23.89
17.74
1.34

2013-14
25.48
45.17
0.56

1.6
1.34

1.4
1.2
1
0.8
0.6

0.56

0.48

Ratio

0.4
0.2
0
2011-12

2012-13

2013-14

INTERPRETAION:
In this table shown fixed assets tarn over ratio in the year 2012-13 was very
good and 2013-14 was slowly decreased to 0.56%.

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JAMAKHANDI SUGARS LTD


CASH RATIO
It is the ratio of cash equivalent balance to current liability. It will help the
company to know the cash availability in the company. Company will come to know
about, whether money is blocked or fully utilized in production process. It is
calculated as follows:
Cash Ratio =

Cash
Current Liabilities

Particulars/Years
Cash
Current Liabilities
Ratio

2011-12
73.95
11.33
6.52

2012-13
27.09
18.20
1.48

2013-14
65.53
57.01
8.52

8.52

9
8
7

6.52

6
5
4

Ratio

3
1.48

2
1
0
2011-12

2012-13

2013-14

INTERPRETAION:
In this table shows cash ratio in this table jamakhandi sugars cash ratio are
good in present year. Compared to last 2 years 2011-12 in 6.52% 2012-13 in 1.48% in the
year 2013-14 8.52%.

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JAMAKHANDI SUGARS LTD

CHAPER-6
FINDING, SUGGESTION
AND
CONCLUSTION

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JAMAKHANDI SUGARS LTD


FINDINGS
1. In jamakhandi sugars cash ratio is indicates cash position is the good is 8.52%
2. It is the observation that the company financial management related to capital
structure decision theory is adequately balanced.
3. By studying the financial growth the statements I found that the companys
financial position will be sound in the coming years.
4. Fixed assets are not good in the jamakhandi sugars ratio on 0.56% are current
year position.
5. In the year 2012-13 asset turnover ratio was very good and gradually
decreases to next year 2013-14 ratio to 0.56%.
6. Current asset are decreased slowly, compared to year 2011-12 so investment
in current asset is not good.

SUGGESTIONS:
In jamakhandi sugars ltd I have a 2 month summer in plant Project done.
1. by using new technique of production the sales capacity of the
company can be increased and thus, the working capital can be
increased and earn good profit.
2. Improving Working capital increasing along with profit
3. Company need to increase the current asset tarn over ratio increasing
there current assets.
4. Liquidity position of the company current asset of the company is
week, so it should try to maintain proper position of the assets.
5. The cost of production can be decreased by the efficient utilization of
resources which can help to increase the profit.
6. Investment in current assets try to increase.

CONCLUSEN :
After going through the different aspect of the factory departments and the
awards if has received in different fields it appears that the company in making study
process in all the issue the very fact that in the single instance of strike or look outs
shows the relationship between the management and employee.
The working capital is considered to be important tool for progress
working capital management technique are playing significance role in the
management for decision making.

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JAMAKHANDI SUGARS LTD


BIBLOGRAPHY

BOOK
Financial management

m y khan & p k jain

Financial management

I m pandey

Company
Annual Report
Balance Sheet
Profit and Loss Statement
Web site
jslinfo@rediffmail.com
www.Google.com

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JAMAKHANDI SUGARS LTD


Annexure:

Jamkhandi sugars ltd


2012-13

Balance sheet

as on 31st march

31st march 2013

31st march 2012

574778186.00
172326821.98

573755962.00
170726612.25

4052015194.55
189495374.06
27920356.71

2906796300.55
195426104.06
29181463.12

5016535933.30

3875886441.98

2498888922.47
724533789.37
1774355133.10
2568390996.62

954589374.53
594055459.89
360533914.64
2783852242.78

27968200.00

49299720.00

2119489024.63
63025515.03
27095411.46
266491121.78
2476101072.90

1556111176.30
55135887.23
73955755.32
158168622.90
1843371441.75

1820671353.32
9608116.00
1830279469.32

1133983567.19
27187310.00
1161170877.19

Net current assets

645821603.58

682200564.56

TOTAL

5016535933.30

3875886441.98

Particulars
I.

Sources of fund
Share capital
Reserve and surplus
Loan funds
Secured loans
Unsecured loans
Deffrred tax liabilitynet
TOTAL
II.
Application of funds
1)fixed assets
Gross block
Less :Dep
NET BLOCK
Capital
work
in
progress
2) Investment
3) Current assets loans
& Advances
Inventories
Sundry debtors
Cash & bank balance
Loans & advances
TOTAL
Current
libalities
and
provisions
Current liablites
Provisions

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JAMAKHANDI SUGARS LTD


PROFIT & LOSS A/C
Particular

AS ON 2012-13

31 march 2013

31 march 2012

Other income
Increase/(decrease)in stock

2389843391.75
74885125.87
2314958265.88
19484834.25
(96378836.90)

1732438376.16
69518731.00
1662919645.16
43682035.17
669938544.45

Total

2238064263.23

2376540224.78

2)Expenditure
Materials
Manufacturing expenses
Manpower
Administration expenses
Finance charges
Depreciation
Total

1690781510.00
140498996.22
72184667.00
6656523.36
197327105.85
130478329.48
2237927131.91

1887593821.14
101697236.98
58289346.80
42361823.45
190594013.55
30131477.93
2310667719.85

1)Income
sales
less: excise duty paid

3)Profit before prior period


adjustments
and
extraordinary items
137131.32
Prior period adjustment
4)Profit before tax
5)provision for tax
Deferred tax
6)profit after tax
7)profit
available
appropriation
8)Balance carried
balance sheet

to

65872504.93
2660731.64

137131.32
(201972.00)
(1261106.41)
1600209.73
for 156101821.98

63211773.29
16378318.29
2325029.00
44508426.00
154501612.25

the 156101821.98

154501612.25

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JAMAKHANDI SUGARS LTD


JAMKHANDI
SUGARS
LIMITED BALANCE SHEET ON
2013-14
Balance Sheet
EQUITY AND LIABILITES
Shareholoder's Funds
Share Capital
Reserves and surplus
Share application money pending allotment
Non - Term Borrowings
Long - Term Borrowings
Deferred tax liabilites(net)
Long Term Provisions
Current liabilities
Short-Term Borrowings
trade Payables
Other Current Liabilities
Short-Term Provisions
Total Equity & Liabilities
ASSETS
Non-current assents
Fixed Assets
Tangible Assets
Intangible Assets
Capital Work-in-Proress
Non Current Investments
Long Term Loans & Advance
Current assents
Inventories
Trade Receivables
Cash&Bank Balances
Short Term Loans & Advances
Other current assets
TOTAL
ASSETS

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

As at 2014

As at 2013

557,900,000
18,474,722
576,374,722
18,034,405

250,000,000
172,326,822
422,326,822
324,778,186

1,994,884,020
40,546,221
8,671,013
2,044,101,254

1,85,885,941
27,920,357
8,877,886
1,862,684,184

2,053,052,799
2,985,991,923
662,029,260
491,481
5,701,565,463
8,340,075,844

2,113,215,850
1,701,057,427
422,022,704
730,230
4,237,026,211
6,846,815,403

4,517,629,999
90,200,368
4,607,830,366
31,068,200
12,255,473
4,651,154,039

1,774,355,134
2,568,390,996
4,342,746,130
27,968,200
12,255,473
4,382,969,803

3,092,200,521
62,964,907
65,537,451
297,302,060
170,916,866

2,119,489,025
63,025,515
27,095,411
144,758,872
109,476,777

3,688,921,805
8,340,075,844

2,463,845,600
6,846,815,403

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JAMAKHANDI SUGARS LTD


Jamkhandi sugars ltd
PROFIT & LOSS A/C as on 2013-14
Particular
INCOME
Income from operation
Less:-Excise duty
Other income
Total income

31st march 2014

31st march 2013

2548071046
89805744
2458265332
32633707
2490899038

2389843392
74885126
2314958266
19484834
2334443100

Expenses
Cost
of
material
2997825532
consumed
Raw materials
129022666
Stores, spares, chemicals,
packing material & others
3126848198
Other
manufacturing 172102259
expenses
1515340604
Changes in inventories of
finished stock
107241292
Employee
benefits 397320122
expenses
313635002
Finance costs
30319003
Depreciation
Other expenses
Total Expenses
2632125274

1690781510
79473978

1770255488
61025019
(87631840)
72184667
197327106
130478329
15403520

2334305969

Profit before tax

(141226235)

137131

Tax expenses
Current tax
Deffered tax
PROFIT & LOSS FOR
THE YEAR

126258645
(153852099)

(201972)
(1261016)
1600210

KARNATAKA UNIVERSITY PG CENTRE GADAG-BETAGRI

Page 70