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Compared to larger organizations with more physical space, in smaller companies, the goods
may go directly to the stock area instead of a receiving location, and if the business is a
wholesale distributor, the goods may be finished products rather than raw materials or
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components. The goods are then pulled from the stock areas and moved to production facilities
where they are made into finished goods. The finished goods may be returned to stock areas
where they are held prior to shipment, or they may be shipped directly to customers.
Inventory management uses a variety of data to keep track of the goods as they move through the
process, including lot numbers, serial numbers, cost of goods, quantity of goods and the dates
when they move through the process.
Inventory management software systems generally began as simple spreadsheets that tracked the
quantities of goods in a warehouse, but have become more complex. Inventory management
software can now go several layers deep and integrate with accounting and ERP systems. The
systems keep track of goods in inventory, sometimes across several warehouse locations. The
software also calculates the costs -- often in multiple currencies -- so that accounting systems
always have an accurate assessment of the value of the goods.
Inventory management entails two essential objectives. They are financial and
operational. The operational objectives explicate that adequate sum of stock of
materials as well as spares should be maintained to have production continuously.
The financial objectives of inventory explicate that amount invested in the inventory
should not remain idle and it should have a minimum working investment.
Some inventory management objectives are described below:Inventory management
ensures that finished goods, spares and raw materials are supplied to the right person
at right place to have uninterrupted sales and production.
1.3 SIGNIFICANCE OF THE STUDY
Most likely a database. Something created with Microsoft Access. Inventory control system?
Computerized inventory system? What is accountory n inventory? What the inventory
system does? What is computerized inventory? Computerrized inventory system? What is an
inventory system called? How do you set up an inventory system? Example of perpetual
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computerized enrollment system tend to replace a what we called "Paper Less" transaction
and also it will make any transaction more easier and faster. also it tends to lessen manpower
and human efforts in terms of processing any transaction in regards with enrollment
transaction. Computerized Inventory control means using a software program designed to
keep track of inventory items (items numbers, descriptions, quantities, cost and selling price)
for every item recived and produced and every item sold. A computerized enrollment system
is actually quite simple. Thecomputer keeps track of who signs up and then organizes them
basedon time or name for example..
The main limitations or disadvantages of an inventory system are the costs required in setting an
inventory system up, and the complexity of using and maintaining an inventory system in an
effective way.
The technology and software required by an inventory system can be expensive to purchase,
install and use. For example, the software used to track what products have been bought, sold
and delivered in very technical, and therefore very expensive. In addition, the technology used in
conjunction with an inventory system, such as tracking devices in delivery vehicles or barcode
scanners, are also expensive. This means that a good quality inventory system is usually out of
reach of small, new or independent businesses.
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Due to the technical nature of the software and technology used in an inventory system, it can be
difficult to thoroughly educate all members of staff on how to use the inventory system in an
effective way. In addition, the education process can take days or even weeks, meaning that
business can come to a standstill during this time. As a result, although inventory systems can be
incredibly useful, they can also be difficult to implement.
The Zuari cement was started in 1994 to operate the cement plant of Texaco ltd., under a
working arrangement. Subsequently Texaco’s cement business was taken over by the company
in 1995. Today Zuari Cement’s manufacturing facility at yerraguntla in Andhra Pradesh is one of
the largest in South India.
In the year 2000 Zuari enters in to a joint venture with the italcementi group the second
largest cement produce in Europe and Zuari Ltd. Lived off of a separate company. The Zuari
Cement is strategically located at Yerraguntla. The plant location existence of 6km from
Yerraguntla. It is connected to the railway station on by a railway track of 7km length and is
having an exchange plant inside the factory. Plant is connected to the nearest highway by 0.2km
land private road.
Zuari Cement is a part of the Italcementi Group, with an annual production of 68 MnT and 53
cement plants, Italcementi group is the world’s fifth largest cement producer. Along with the 47
cement plants, Italcementi Group’s industrial network includes 12 grinding centers, 7 terminals,
420 concrete batching units combining the expertise, know-how and cultures of 22 countries
across 4 continents. In 2014 the Group sales exceeded 4.2 billion Euros. In India, with its
inherent strengths, Italcementi Group's Zuari Cement is committed to give the building industry,
cement that is truly international.
Italcementi Group is strongly committed to the Indian market and is strengthening its presence
through organic and in-organic expansions. In 2011 we have reached an agreement with Zuari
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Industries for the acquisition of 74% of Gulbarga cement, which is developing a project of 3
million ton per year cement plant in North Karnataka. A large grinding unit is also being erected
at Sholapur in Maharashtra.
LEADING IN INNOVATION
OUR HISTORY
Careful planning of investments and takeover of other cement producers has seen the
company expand quickly, reaching a strong position in the market; to be the leading cement
manufacturer in Italy.
In March 1997, all the international companies of the Group gathered under one single
corporate identity. Since 1998 Italcementi Group has been pursuing its internationalization
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strategy by acquiring new cement works in Bulgaria, Kazakhstan, Thailand, Morocco, India,
Egypt and the United States.
OUR MANAGEMENT
While professional management and quality workforce ensure superior results, the role
played by the core management should not be discounted. With their vision and experience, they
make sure that Zuari Cement moves in the right direction. Towards becoming one among the
leading cement producers in India.
The culture of quality that has always prevailed in Zuari Cement's manufacturing
facilities is best exemplified in the process technology employed
Advanced technology methods are used to ensure that a high level of quality is attained
and sustained right through the manufacturing process. Yet, these high standards are constantly
improved upon by an experienced and dedicated R&D team to attain performance oriented
cement.
The optimum ratio of raw mix is attained by the use of X-ray analyser and automatic
weigh feeder which are linked to the centralized computers control room.
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Reduced variability in kiln feed and complete homogenisation of raw meal is attained
through Continuous Flow Silo.
The totally computerised monitoring system enables quality clinkerisation. It dictates the
optimum retention time in the precalciner and the kiln. Equipped with a six stage double
stream pre-heater cyclone system, the precalciner only adds to the quality.
The modern closed grinding units have a high efficiency separator that produces finer
particles of cement. This yields cement matrix with a lower pore diameter. This in turn
gives concrete of higher density and lower permeability.
Zuari Cement employs Ventomatic packers to ensure that the customer gets exactly 50
kgs per bag. To minimize damages during transport, advanced loading techniques are
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used. These steps reflect Zuari Cement's commitment to offer the best quality and correct
quality to its customers.
Environment-Friendly Technology
To minimise dust emission, Zuari Cement has installed the latest pollution control
equipment such as electrostatic precipitators in the kiln, raw mills, coal mills and cement
mills.
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This investment was initially made through a 50:50 joint venture with the KK Birla group
in Zuari Cement Ltd., but subsequently in May 2006. Italicement group acquired the full central
of the company.
Now Company is under joint venture having rated capacity of 17 Lakhs per annum
company for that diversified that production of the cement making EPC along with OPC.
FINANCIAL SUPPORT
The required finances for the cement co., are provided by several financial institutions
like S.B.I BNP Paribas, Andhra Bank, Standard Charted Bank.
TECHNOLOGY ADOPTED
The technology adopted in the plant is an open pre-blending stockpiles system for
limestone and clinker. This is a special feature compared to the conventional system of storage
which has its own weakness on the case of the failure of cranes.
EXPANSION OF CAPACITY
The expansion of clinker capacity at Yerraguntla by way of new line with a capacity of
5500 tons per day and new grinding unit at Chennai with a capacity of 0.8 million have been
finalized with an estimate capital outlay of MINR 6760. Major permits and clearness requires for
the projects have been obtained and the supply contract for main equipment for Yerraguntla new
line are finalized with M/s F.L.Smith Limited. M/s Clauduis Peter Technologies, M/s Maag Gear
AG and M/s Honeywell Automation India Limited. For Chennai grinding unit main equipment
are finalized with M/s Walchandnagar Industries limited, including contracts for erection and
commissioning. On implementation of these projects the total capacity of the company will
increase to 5 million tons.
In an effort to reach out to customers better, Zuari cement had setup a technical cell
named Zuari home partner. This cell gives guidance in the field of building.
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Technology, architecture, housing finance and economical usage of the high quality
cement.
DEVELOPMENT ACTIVITIES
The plant in Yerraguntla had adopted four near by villages as part of its program of
corporate social responsibility towards the local community. These villages are Thumallapalli,
Yalasapalli, Koduru and Peddanapadu, part of the Kadapa district of Andhra Pradesh State.
The core business cement (over 65% of sales) is conbined with the production of ready
mixed concrete and aggregates, Italcementi Group, with 2006 annual sales amounting to 5,854
million Euro and a net income of 651 million Euro, combines the expertise, knows how and
cultures of 19 countries. With over 22,850 employees, the Group boasts, as at 31
Italcement group made its debut in India in January 2001, through the partial acquisition
of the 2.1 MnTYerragunta Cement plant, located in the southern part of Andhra Pradesh State.
The plant supplies material to south India that accounts for one fourth of the entire population of
the country. The plant is strategically located to cater to the major markets of Banglore and
Chennai.
In January 2002, Zuari cement took over another company, Sri Vishnu Cement Limited
(SVCL) whose 1.3 MnT plant is situated at Sitapuram, Andhra Pradesh State, near the capital,
Hyderabad, 3rd highest consumption center of the South.
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BOARD OF DIRECTORS
V. Raghunathan
BNP Paribad
Andhra Bank
Introduction:
Cement is a key infrastructure industry. It has been decontrolled from price and
distribution on 1st march, 1989 and deli censed on 25th July 1991. However, the performance of
the industry and prices of cement are monitored regularly. The constraints faced by the industry
are reviewed in the infrastructure Coordination Committee meetings held in the Cabinet
Secretariat under the Chairmanship of Secretary (Co-ordination). Its performance is also
reviewed by the Cabinet Committee on infrastructure.
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The cement industry comprises of 125 large cement plants with an installed capacity of 148.28
million tones and more than 300 mini cement plants with an estimated capacity of 11.10 million
tones per annum. The Cement Corporation of India, which is a Central Public Sector
Undertaking, has 10 units. There are 10 large cement plants owned by various State
Governments. The total installed capacity in the country, as a whole in 159.38 million tones.
Actual cement production in 2002-2003 was 116.35 million tones as against a production of
106.90 million tones in 2001-2002 registering a growth rate of 8.48%.
Keeping in view the trend of growth of the industry in previous years, a production target
of 126 million tones has been fixed for the year 2003-2004. During the period April-June2003, a
production (provisional) was 31.30 million tones. The industry has achieved a growth rate of
4.86% during this period.
Exports:
A part from meeting the entire domestic demand, the industry is also exporting cement and
clinker. The export of cement during 2001-2002 and 2003-2004 was 5.14 million tones and 6.92
million tones respectively. Export during April-May, 2003 was 1.35 million tones. Major
exporters were Gujarat Abuja Cements Ltd. and L&T Ltd.
For the development of the cement industry ‘Working Group on Cement Industry was
constituted by the Planning Commission for the formulation of X five-year Plan. The working
group has projected a growth rate of 10% for the cement industry during the plan period and has
projected creation of additional capacity of 40-62 million tones mainly through expansion of
existing plants. The Working Group has identified following thrust area for improving demand
for cement.
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Further, in order to improved global competitiveness of the India Cement Industry, The
Department of Industrial Policy & Promotion Commissioned astudy on the global
competitiveness of the Indian Industry through and organization of international repute, viz.
KPMG Consultancy Pvt. Ltd. The report submitted by the organization has made several
recommendations for making the Indian Cement Industry more competitive in the international
market. The recommendations are under consideration.
Technological Change:
Cement Industry has made tremendous strides in technological up –gradation and assimilation of
latest technology. At present ninety three percent of the total capacity in the industry is based on
modern and environment – friendly dry process technology.
And only seven percent of the capacity is based on old wet and semi-dry process
technology. There is tremendous scope for waste heat recovery in cement plants and there by
reduction in emission level. One project for co-generation of power utilizing waster heat in an
Indian cement plant is being implemented with Japanese assistance under Green Aid Plan. The
induction of advanced technology has helped the industry immensely to conserve energy and
fuel and to save materials substantially.India is also producing different varieties of cement as
follows:
Masonry Cement
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The Indian Cement industry is the second largest cement producer in the world, with a installed
capacity Of 144 million tones. The industry has undergone rapid technological up gradation a
vibrant growth during the last two decades, and some of the plants can be compared in every
respect with the best operating plants in the world. The industry is highly energy intensive and
the energy bill in some of the plants is as high as 60% of cement manufacturing cost. Although
the newer plants are equipped with latest state-of–the-art equipment, there exists substantial
scope for reduction in energy consumption in many of the older plants adopting various energy
conservation measures.
The Indian Cement Industry is a mixture of mini and large in capacity cement plants,
ranging in unit capacity per kiln as low as 10tpd to as high as 7500tpd. Majority of the
production of cement in the country (94%) is by large plants, which are defined as a plant having
a capacity of more than 6ootpd. At present there are 124 large rotary kiln plants in the country.
The ordinary Portland Cement (OPC) enjoys the major share (56%) of the total cement
production in India followed by Portland Pozzadana Cement (PPC) and Portland Slag Cement
(PSC). A positive trend towards in the increased use of blended cement can be seen with the
share of blended cement increasing of 43%.
There is regional imbalance in cement production India due to the limitations posed by
raw material and fuel sources. Most of the cements plants in India is located in proximity to the
raw material sources, expl oiting the natural resources to the full extent. The southern region
is the most cement rich region while other regions have almost same cement production capacity.
The Indian cement industry is about 90 years old and its main sources of energy are thermal
and electrical energy. The thermal energy is generally obtained from coal, and the electrical
energy is obtained either from grid or captive power plants of the individual manufacturing units.
Indian Cement Industry is the second largest in the world with an installed capacity of
135 MTPS. It accounts for nearly 6% of the world production. There are 124 large plants and
around 365 mini plants. The industry presents a mixed picture with many new plants that
employ state-of-the-art dry process technology and a few old wet process plants having wet
process kilns.
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Production from large plants (with capacity above 1 MTPA) accounts for 85% of the total
production. The cement industry has achieved significant progress in terms of reducing the
overall energy intensity. Dry process plants that the weighted average thermal energy
consumption was 734-kCal/kg clinker, and weighted average electrical energy consumption was
89 kWh tone of cement. The best energy consumption is 692 KCAl/kg. Clinker and 66 KWh/t
on of Cement.
Quantitative Details:
The energy intensity of the all the dry process plants (Cost of energy as percentage of
total production cost of packed cement) varies from 29 to 61%. This is observed to vary with
the vintage of the plant, the technology employed by the plants and they type of cement
produced.
Specific thermal and electrical energy consumption for the plants ranges between 692-879
Kcal/kg. Of clinker and 66-127 kWh/ton of cement produced (product mix) respectively. The
specific electrical energy also includes the energy consumed in packing, plant utilities and plant
lighting. The reasons for wide range in specific energy consumption can be mainly attributed to
the differing equipment configuration employed in different sections of the plants by various
cement plants. For example, plants employing ball mills for grinding have reported higher
specific electrical energy consumption as compared to plants having vertical roller mills.
In additional, other factor s like the plant capacity, its capacity utilization, vintage,
product mix, processcontrol system, maintenance aspects, raw material characteristics and above
all the management’s attitude and operational practices of plant personnel are also important.
Besides, various external parameters like quality of coal, raw materials and power supply have
their own repercussions. A large number of plants have put in vertical roller mills for raw meal
section. The ball mills are still operating in the clinker grinding and coal milling sections in
some of plants.
Some of the newer plants have installed roller press and vertical roller mills in the clinker
grinding section as well.Comparison of energy performance of Indian cement industry with other
countries reveals that there exists scope for improving the energy performance of the Indian
Cement Industry.
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The best reported (as per CMA data) energy performance figures in the world re 65 kW/h/ton of
cement and 650 kCal/kg of Clinker whereas the best in India is 69 kWh/t of cement and 665
kCal/kg of clinker.This clearly bring out the fact that although we have some of the best plants in
the world in terms of energy performance, there are many plants where there exists scope for
reducing energy consumption.
HISTORY OF CEMENTS
The cement manufacturing process beings when limestone, the basic raw material used
to make cement, is transported by rail to the plant from the limestone quarry. The limestone is
combined with clay, ground in a crusher and fed into the additive silos. Sand, iron and bottom
ash are then combined with the limestone and clay in a carefully controlled mixture with which
is ground into a fine power in a 200hp roller mill.Next, the fine power is heated as it passes
through the pre-Heater tower into a large kiln, the power is heated to 1500degrees Celsius. This
creates a new product, called clinker, which resembles pellets about the size of marbles.
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Research design in purely and simply the framework or plan for a study that guides the collection
and analysis of the data. The function of researcher is to ensure that the required data are accurate
and economical also.
Research methodology is the way to systematically solve the research problems. This study on
inventory management is an analytical study. The study of research is exploratory research.
Because the facts and information that is readily available are being used to make critical
evaluation of inventory management.
Research design in purely and simply the framework or plan for a study that guides the
collection and analysis of the data. The function of researcher is to ensure that the required data
are accurate and economical also.
SECONDARY DATA
The secondary data are collected from annual reports, manufacturing accounts statements,
department manuals, brochures and other printed materials issued by the company.The annual
reports are 2013-2017.
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The choice of area of the study for the project work was given after initial study of
company’s operations and the system of working. Though the company has several departments,
the prime area of interest was in finance. After scrutinizing various financial aspects, found
inventories which consists an integral part of working capital of zuari cement Industries Ltd.,
needed better management. The company did not follow any scientific inventory management
and hence there arise a need to device a system which could considerably reduce the cost and
constitutes towards profitability. Every firm must maintain adequate inventory for its smooth
running of business and to give the competition and not to loose of customers and business for
that purpose maintenance of adequate inventory is must To facilitate smooth production and sales
operations
As the global inventory scenario is moving at very fast pace. Zuari cements Industries Limited,
being a manufacturing concern had huge number of items and the inventory constitutes of variety
of items. There is a need for the system to be devised on value basis. So that effective control can
be exercised on inventory.
To conduct this research the researcher has analyzed the Statements, ledgers, and other
books of accounts of the concern. The data collected has been analyzed and the researcher has
arrived on findings which have proved it worth to know about the areas of Inventory
Management.
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The information used is primarily from historical annual reports to the public and the
same does not indicate the current situation of the firm.
Detailed analysis could not be carried for the project work because of the limited time
span.
1. Arithmetic mean
2. Standard deviation
3. Co-efficient of variance
4. Correlation
1.ArithmeticMean:
∑×
Mean= N
2.Standard Deviation:
The standard deviation is a numerical value used to indicate how widely individuals in a group
vary. If individual observation vary greatly from the group mean, the standards deviation is big;
and vice versa.
̅ )𝟐
∑(𝑿−𝑿
Standard deviation=√ 𝑵
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3.Co-efficient of Variance:
Co-efficient of variance is the most important relative measures of dispersion and is defined by
the following formula.
𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝 𝐃𝐞𝐯𝐢𝐚𝐭𝐢𝐨𝐧
𝑪𝒐 − 𝒆𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒕 𝒐𝒇 𝒗𝒂𝒓𝒊𝒂𝒏𝒄𝒆 = 𝑿𝟏𝟎𝟎
𝐌𝐞𝐚𝐧
4.Correlation:
n(∑xy) − (∑x)(∑y)
𝑟=
√(n∑x2 − (∑x2)(n∑y2 − (y)2)
dividing total debt by net worth. Lower the debt – equity ratio higher the degree of protection.
A debt – equity ratio higher the degree of protection.A debt – equity ratio of 2:1 is considered
ideal.
Graph :
Interpretation :
The proportion of debt over equities increasing year by year it has reached beyond the standard.
Organization should take some preventive actions to overcome this difficulty.
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PROPRIETARY RATIO :
A variant of debt to equity ratio is the proprietary ratio which shows the relationship between
shareholders funds total funds of the firm. This ratio is worked out as under. The idle ratio for the
proprietary ratio is 1:3 i.e., one third of the total liabilities should be outsiders funds.It focuses
the attention on the general financial strength of the business enterprise.
Proprietary Ratio = Shareholders Funds
Total Assets
Graph :
Proprietary Ratio
0.4 0.32 0.34
0.3 0.21 0.21 0.22
0.2
0.1 Proprietary Ratio
0
Interpretation :
The proportion of proprietary ratio is decreasing year by year and it has reached beyond the
standard. Organization should take some preventive actions to over come this difficulty.
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Graph :
Interpretation :
The above graph show that the earning per share is fluctuating year by year it was it was
verifying from 14.57 to- 3.29 during the study period it is having highest value of 14.57 in the
year 2014-18 and lowest value shows that the company is not having sufficient funds to satisfy
the expected returns of the share holders.
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COST OF EQUITY :
The minimum rate of return or return would necessary to attract funds form equity shareholders
is the cost of equity. In other world the requited rate or return as per expectation of the
shareholders it the cost of equity. How to measure it? The earning yield which id obtained by
dividing earning per share by market value per share is indicator of the cost of shares it can be
represented by Ke. It can be calculated by the following formula.
Graph :
Cost Of Equity %
20 14.3110.32 9.47
0 0 Cost Of Equity
0 %
Interpretation :
The above chart shows that except in the year 2014-18 the cost of equity remains same i.e.,
14.31% during the study period in 2015 & 2016 the value was 0%. It includes that the company
is not giving constant dividend to the shareholders.
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COST OF DEBT :
For any debt to raise the company has to bear the cost of interest payable to the under that is a
person bank or any financial institution. It is represented by annual interest rate on such a loan
as for tax purposes in other words interest is treated as expense for arriving the profit of the firm
to be taken at calculated as under.
COST OF DEBT (Kd) = (1-T) I
YEARS Tax Rate % Interest Cost Of Debt
Rate
2013-14 33 19.25 12.89
2014-15 25 23.33 17.49
2015-16 0 78.52 78.52
2016-17 0 98.61 98.61
2017-18 6.5 44.18 41.30
Graph :
Cost Of Debt
150
98.61
100 78.52
41.3 Cost Of Debt
50 17.49
12.89
0
2013-14 2014-15 2015-16 2016-17 2017-18
Interpretation :
The cost of debt is increasing from 2015-16 to 2016-17.The highest ratio shows that the
company is paying more interest than compared to the lowest ratios. It is due to the increase in
creditors of that corresponding year are increased.
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Cost Of Retained
Earnings
20
9.58 7.74 8.85
10 Cost Of
0 0
0 Retained
Earnings
Interpretation :
The cost of retained earnings is fluctuating during the study period. The company is having the
highest value of 7.3 in the year 2013-14 and the lowest value of 0 in the years 2015 & 16.
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VALUE OF EQUITY :
Graph:
VALUE OF EQUITY
15000 13121.43
9422.24
9167.71
10000
5000
0 0 VALUE OF EQUITY
0
Interpretation:
The value of equity is decresing in years 2015-16& 2016-17 it came to normal position in 2013-
14.
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VALUE OF DEBT :
Debt instruments include mortgage assets, bank loans, short term or long term, debentures,
commercial papers and a wide variety of interest bearing financial instruments debt.
Graph:
Value Of Debt
2500
1959.65
2000
1500 1297.31 1329.29
Interpretation:
The value of equity is increasing percentages in years 2013-14& 2017-18 it came to normal
position in 2017-18.
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Interpretation :
The value of the firm is in 2013-14 & 2017-18 increased and it is fluctuating and
decreasing year by year and in 2015 & 16.
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COST OF CAPITAL:
Cost of capital plays an important role in building the capital structure Cost Capital is
defined as ‘Inspirational terms cost of capital is the discount rate for evaluating an investment
project and is defined as minimum rate of return that’s firm must earn on its investment for the
market value of the firm to remain un – changed’.
Graph :
Cost of capital %
20 11.78 9.07 8.59
1 1
Cost of capital %
0
Interpretation :
The cost of equity is 1 in 2013 & 14, and remaining years were 11.78 % on share capital expect
in 2017.
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WACC
200
78.52 98.61
100 46.18
14.04 11.17
WACC
0
Interpretation :
The weighted average cost of capital is fluctuating year by year. i.e., the overall cost of capital is
very less in the year 2013 and very high in 2014 & 15.Due to more debt the organization is liable
to control the cost.
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5.1 FINDINGS
The unit has maintained proper records showing full particulars including
quantitative details and situations of fixed assets.
The unit has maintained up to date records and submitted to respective authorities.
Inventory has been physically verified during the year by the management.
Generally it is known fact that annual consumption of raw-materials increases year
by year as company, growing. In such away annual consumption from 2013-2014 to
2016-2017 is also increased.
The turnover ratio is to some extent decreased to year by year like 2013-2014 & 2014-
2015 but it is increased in the year 2016-2017.
The inventory turnover ratio is decreases trend from 2014-2017 i.e., the inventory from
decreases. So the company turnover ratio decreases.
The inventory to working capital is graphically increased from 2016-2017.
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5.2CONCLUSION
After analyzing the inventories of the company during the last four years it is clear
that, inventory of the company is stable.
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5.3 SUGGESATIONS
As per my project report I suggested like this,
As company converted into own sales it should have its own inventory policy which
can produce better results by minimizing costs it maximum.
The company inventory management is at moderate level. Hence effective steps have
to be taken to see that the inventory management is made more efficient so that the
inventory can be used for working capital required.
The company has to concentrate much on credit policy for speed collections of
accounts receivable.
Even though inventory conversion period is moderately good, still there is lot of
scope to improve it.
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Inventory Management System
ANNEXURE
BALANCE SHEET AS ON 2013-14
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Inventory Management System
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Inventory Management System
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Inventory Management System
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Inventory Management System
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Inventory Management System
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Inventory Management System
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Inventory Management System
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Inventory Management System
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Inventory Management System
BIBLIOGRAPHY
1. Prasanna Chandra, 2002, “FINANCIAL MANAGEMENT”, 5th Edition, TATA-
McGraw HILL, New Delhi.
2. S.P. Jain, K.L.Narang, 2003, “ADVANCEDACCOUNTANCY”, 10TH Edition, Kalyani
Publishers, Lothian.
3. I.M. Pandey, 2002, “FINANCAIL MANAGEMENT”, 8th Edition, Vikas Publishing
House Private Limited, New Delhi.
JOURNALS
WEBSITE
1. www.zuari cement.com
2. www.google.com
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