dissertion 2
-
Upload
9832155922 -
Category
Documents
-
view
221 -
download
0
Transcript of dissertion 2
-
7/29/2019 dissertion 2
1/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 1
A project report on
A STUDY ON THE COMPARITIVE ANALYSIS OF
FINANCIAL STATEMENTS AT
SUZUKI MOTOR CYCLE INDIA PVT. LTD.,
(APPLE AUTO AGENCY PVT. LTD.)
Submitted in partial
fulfillment of the requirements of the
Master of Business Administration Degree Course of
SRI VENKATESWARA UNIVERSITY
By
M.Kinnera
(Reg. 2011-13 )
Under the guidance of
Prof.S. Durga Rao
-
7/29/2019 dissertion 2
2/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 2
-
7/29/2019 dissertion 2
3/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 3
CHAPTER1
INTRODUCTION
1.1 PARTA ABOUT INDUSTRY
1.1 (a) History
1.1 (b) Growth
1.1 (c) Future Aspects
1.1 (d) Types of Automobile Industry in India
1.1 (e) Prospect of Automobile Industry
1.2 PartB ABOUT SUBJECT
1.2 (a) Finance
1.2 (b) Financial analysis
1.2 (c) Definition
1.2 (d) Types of financial analysis
1.2 (d) Procedure of financial statements analysis
1.2 (e) Methods or devices of financial analysis
-
7/29/2019 dissertion 2
4/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 4
1.1 PART (A)ABOUT INDUSTRY
1.1 (a) HISTORY:
In the year 1769, a French engineer by the name of Nicolas J. Cugnot invented the first
automobile to run on roads. This automobile, in fact, was a self powered, three
wheeled, military tractor that made the use of a steam engine. The range of the
automobile, however, was very brief and at the most, it could only run at a stretch for
fifteen minutes. In addition, these automobile were not fit for the roads as the steam
engines made them very heavy and large, and required ample starting time. Oliver
Evans was the first to design a steam engine driven automobile in the U.S. a Scotsman,
Robert Anderson, was the first to invent an electric carriage between 1832 and 1839.
However, Thomas Davenport of the U.S.A. and Scotsman Robert Davidson were
amongst the first to invent more applicable automobile, making use of non
rechargeable electric batteries in 1842. Development of roads made travelling
comfortable and as a result, the short ranged electric battery driven automobile were no
more the best option for travelling over longer distances.
The Automobile Industry finally came of age with Henry Ford in 1914 for the bulk
production of cars. This lead to the development of the industry and it first begun in the
assemble lines of his car factory. The several methods adopted by ford, made the new
invention (that is, the car) popular amongst the rich as well as the masses.
According the History of Automobile Industry US, dominated the automobile markets
around the globe with no notable competitors. However, after the end of the SecondWorld Was in 1945, the Automobile Industry of other technologically advanced nations
such as Japan and certain European nations gained momentum and within a very short
period, beginning in the early 1980s, the U.S. Automobile Industry was flooded with
foreign automobile companies, especially those of Japan and Germany. By 1600s small
-
7/29/2019 dissertion 2
5/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 5
steampowered engine models was developed, but it took another century before a full
sized enginepowered vehicle was created.
The actual horseless carriage was introduced in the year 1893 by brothers Charles and
Frank Duryea. It was the first internal combustion motor car of America, and it was
followed by Henry Fords first experimental car that same year.
One of the highest rated early luxury automobiles was the 1909 Rolls Royce Silver
Ghost that featured a quiet 6 cylinder engine, leather, interior, folding windscreens and
hood, and an aluminum body. It was usually driven by chauffeurs and emphasis was on
comfort and style rather than speed.
During the 1920s, the cars exhibited design refinements such as balloon tires, pressed
steel wheels and fourwheel brakes. Graham Paigcylinder engine and an aluminum
body.
The 1937 pontiac De Luxe sedan had roomy interior and rear- hinged back door that
suited more to the needs of families. In 1930s, vehicles were less boxy and more
streamlined that their predecessors. The 1940s saw features like automatic transmission,
sealed-beam headlights, and tubeless tires.
The year 1957 brought powerful high-performance cars such as Mercedes-Benz 300SL.
It was built on compace and stylized lines, and was capable of 230 Kmh (144mph)
1.1(b) GROWTH:
The domestic automobile industry sales grew 12.8 per cent at 89, 10, 224 units as
against 78, 97,629 units in 2004-05.
The automotive industry crossed a landmark with total vehicle production of 10 million
units.
The two-wheeler segment, the market grew by 13.6 per cent with 70, 56, 317 units
against 62, 09, 765 units in 2004-05.
-
7/29/2019 dissertion 2
6/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 6
Motorcycles had the upward march, 17.1 per cent in domestic market touching 58, 15,
417 units against 49, 64, 753 units in 2004-05.
Scooter segment grew by 1.5 pre cent, fall at 9, 08, 159 units against 9, 22, 428 units in
2004-05.
Commercial vehicles segment grew at 10.1 per cent with 3, 50, 683 units against 3, 18,
430 units in 2004-05.
Medium and heavy commercial vehicles managed a growth of 4.5 per cent against 23
per cent growth in the year ended march 31, 2005.
Light commercial vehicles sales growth was 19.4 per cent at 1, 43,237 units against 1,19, 924 units in 2004-05. Three wheelers sales rose by 17 per cent at 3, 60, 187units
against 3, 07, 862 units in 2004-05.
1.1(c) FUTURE ASPECTS:
India is emerging as one of the worlds fastest growing passenger car markets and
second largest two wheeler manufacture. According to the International yearbook of
Industrial statistics 2008 released by United Nations Industrial DevelopmentOrganization (UNIDO), India ranks 12thin the list of the worlds top 15 automakers. It is
home to the largest two wheeler manufacturer and fifth largest commercial vehicle
manufacturer in the world. The industry is producing about 19 lakh passenger vehicles,
4.5 lakh two wheelers and 5 lakh three wheelers per annum.
Indian Automobile Industry
Largest three wheeler market in the world
2n largest two wheeler market in the world
4th largest passenger vehicle market in the world
4th
largest tractor market in the world
5t
largest commercial vehicle market in the world
-
7/29/2019 dissertion 2
7/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 7
In order to make India a power to reckon with in the automotive sector the government
launched the Automotive Mission Plan (AMP) 2006-2016. As per the AMP, it is
estimated that the total turnover of the automotive industry in India would be in the
order of USD 122 billion USD 159 billion in 2016. It is expected that in real terms,India would continue to enjoy its eminent position of being the largest tractor and three-
wheeler manufacturers in the world and the worlds second largest two-wheeler
manufacturer.
By 2016, India will emerge as the worlds seventh largest car producer (as compared to
the eleventh largest currently) and retain the fourth largest position in world truck
manufacturing sector. Further, by 2016, the automotive sector would double its
contribution to the countrys GDP from current levels of five per cent to 10 per cent. The
Indian automotive industry consists of the following five segments:
FIGURE 1: INDIAN AUTOMOBILE INDUSTRY
The total twowheeler sales of the Indian industry accounts for around 77% of the total
vehicles sold in India. With 26,12,881 two wheelers already sold in India in the quarter
from Jun Sep 2009, the Indian wheeler industry is poised for high growth in the
coming years. In terms of volume, about 6% of the two wheelers manufactured are
exported.
-
7/29/2019 dissertion 2
8/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 8
1.1 (d) TYPES OF AUTOMOBILE INDUSTRY INDIA
BAJAJ:
Established in 1945, Bajaj Auto Ltd. was incorporated as a trading company. Till1959,they imported three wheelers from Italy and sold them in India. The company got a
production license in the year 1959 and fastened a technical collaboration with Italian
PIAGGIO in 1960. Bajaj Auto Ltd. is one among Indias top ten companies in terms of
market capitalization and among the top five in terms of annual turnover. The company
started producing scooters in the year 1961 and following Three Wheelers production
in 1962. Its collaboration with piaggio expired in 1971 and since then, their scooters and
threewheelers are being sold with the brand name BAJAJ.
-
7/29/2019 dissertion 2
9/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 9
HERO HONDA:
Hero Honda Motors Ltd. is a result of the joint venture between Indias Hero Group and
Japanese Honda Motors Company in the year 1983. This joint venture has not only
created the worlds single largest two wheeler company but also one of the most
successful joint ventures worldwide.
Hero Honda is globally known of being the most fuel efficient and the largest CBZ
selling Indian Motorcycle Company. This is a relationship so harmonious that Hero
Honda has managed to achieve indigenization of over 95 percent, a Honda record
worldwide.
-
7/29/2019 dissertion 2
10/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 10
KINETIC:
Established in the year 1970, Kinetic Engineering Ltd. is the reliable and trusted
manufacturer and exporter of 2 wheelers. Born of the vision of the late Shri
H.K.Firodia, Kinetic Engineering Ltd. has produced useful, heart winning products forover two decades.
ROYAL ENFIELD:
Established in 1955, Royal Enfield was brand of the Enfield Cycle Company. Royal
Enfield is one of the oldest bike on the road. The company is well known for producingmotorcycles, but they also produce bicycle, stationary engines lawnmowers and rifle
small parts for the Royal Small Arms Factory in Enfield. Royal Enfield Motor Ltd. has
its headquarter situated at Tiruvottiyur, Chennai Tamil Nadu, India.
-
7/29/2019 dissertion 2
11/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 11
SUZUKI:
SUZUKI motor is a leading and trusted two wheeler company began with the vision of
ACCESS 125. The founder is sundaram Clayton Group, the late T.S. Srinivasan to
design, develop and produce an affordable moped for the Indian family. This vision
was realized in 1980.
1.1 (e) PROSPECT OF AUTOMOBILE INDUSTRY
It offers a realistic assessment of prospects for the automobile industries of Indiato 2010, charting the passenger car, commercial vehicle and components sectors.
The report analysis of great depth the state of the passenger car and commercialvehicle industries, and profile the regions vehicle manufactures.
The top 300 components manufacturing in future.
-
7/29/2019 dissertion 2
12/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 12
1.2 PART (B) ABOUT SUBJECT
1.2 (a) FINANCE:
The finance can be defined as the study of the methods, which help us, plan, raise anduse funds in an efficient manner to achieve corporate objects. Finance grew out of
economics as a special discipline to deal with common problems.
1.2 (b) FINANCIAL ANALYSIS:
The term financial analysis, also known as analysis and interpretation of financial
statements, refers to the process of determining financial strengths and weaknesses of
the firm by establishing strategic relationship between the items of the balance sheet,
profit and loss account and other operative data.
1.2 (c) DEFINITION:
According to Metcalf and Titard, Financial analysis is a process of evaluating therelationship between component parts of a financial statement to obtain a better
understanding of a firms position and performance.
-
7/29/2019 dissertion 2
13/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 13
1.2(d) TYPES OF FINANCIAL ANALYSIS
We can classify various types of financial analysis into different categories:
(1) On the basis of material used:
According to material used, financial analysis can be of two types:
(a) External analysis.
(b) Internal analysis.
(a) External analysis: This analysis is done by outsiders who do not have across to the
detailed internal accounting records kof the business firm. These outsiders include
investors, potential investors, creditors, governments agencies, credit agencies and the
general public.
(b) Internal analysis: The analysis conducted by person who have access to the internal
accounting records of a business firm is known as internal analysis. Such an analysis
can, therefore, be performed by executives and employees of the organization as well as
government agencies which have statutory powers vested in them.
(2) On the basis of modus operandi:
According to the methods of operation followed in the analysis. Financial analysis can
also be of two types:
(a) Horizontal analysis.
(b) Vertical analysis.
(a) Horizontal analysis: Horizontal analysis refers to the comparison of financial data
of a company for several years. The figures for this type of analysis are presented
horizontally over a number of columns. The figures of the various years are compared
-
7/29/2019 dissertion 2
14/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 14
with Standard or base year. A base year is a year chosen as beginning point. This type of
analysis is also called Dynamic Analysis.
(b)Vertical Analysis: Vertical analysis refers to the study of relationship of the various
items in the financial statements of one accounting period. In this types of analysis the
figures from financial statement of a year are compared with a base selected from the
same years statements. It is also known as Static Analysis.
1.2(e) PROCEDURE OF FINANCIAL STATEMENTS ANALYSIS
Broadly speaking there are steps involved in the analysis of statements. These are
(1) Selection, (2) Classification, and (3) interpretation. The first step involves selection
of information (data) relevant to the purpose of analysis of financial statements. The
second step involved is the methodical classification of the data and the third step
includes drawing of inferences and conclusions. The following procedure is adopted for
the analysis and interpretation of financial statements:
1. The analyst should acquaint himself with the principles and postulates ofaccounting. He should know the plans and policies of the management so that
he may be able to find whether these plans are properly executed or not.
2. The extent of analysis should be determined so that the sphere of work may bedecided. If the aim is to find out the earning capacity of the enterprises then
analysis of income statement will e undertaken. On the other hand, if financial
position is to be studied then the balance sheet analysis will be necessary.
3. The financial data given in the statements should be re-organized and re-arranged. It will involve the grouping of similar data under same heads,
breaking down of individual components of statements according to nature.
The data is reduced to a standard form.
-
7/29/2019 dissertion 2
15/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 15
4. The information is interpreted in a simple and understandable way. Thesignificance and utility of financial data is explained for helping decision
taking.
5. The conclusion drawn from interpretation are presented to the management inthe form of reports.
1.2 (f) METHODS OR DEVICES OF FINANCIAL ANALYSIS
The analysis and interpretation of financial statements is used to determine the financial
position and results of operations as well. A number of methods or devices are used to
study the relationship between different statements. An effort is made to use those
devices which clearly analyze the position or the enterprise.
The following methods of analysis are generally used:
1. comparative statements2. Common size analysis statements3. Found flow analysis4. Cash flow analysis5. Ratio analysis
-
7/29/2019 dissertion 2
16/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 16
1. COMPARATIVE STATEMENTS:
The comparison of two different periodical financial statements by putting them on
separate sides and finding out the changes with the respect of each item of the statements
and overall changes in absolute and relative changes should be properly identified with
the period.
a. The accounting policy should be uniform.b. The comparative financial statement should be absolutely or relatively changed.
2. COMMON SIZE ANALYSIS STATEMENTS:
Common size analysis statements is the statement of not only on company but also of
different companies and of financial statements prepared over a time period. As the
ratios or percentages and particular item, all the items of the statement are prepared. The
common size statement balance shows the time percentages of all assets and liabilities.
3. FUND FLOW ANALYSIS:
The Fund Flow Statement is a statement which shows the movement of funds and is a
reports of the financial operations of the business undertaking. It indicated various
means by which funds were obtained during a particular period and the ways in which
these funds were employed. In simple words, it is a statement of sources and application
of funds.
4. CASH FLOW ANALYSIS:
Cash flow exclude movements between items that constitute cash or equivalents because
these components are part of the cash management of a enterprise rather than part of its
operating, investing and financial activities. Cash management includes the investment
of excess cash in cash equivalents.
-
7/29/2019 dissertion 2
17/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 17
5. RATIO ANALYSIS:
Ratio analysis concentrates on the interrelationship among the figures appearing in the
financial statements. It evaluates the financial position of the firm by interpreting the
financial statements.
-
7/29/2019 dissertion 2
18/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 18
CHAPTER2
RESEARCH DESIGN
2.1 Title of the Study
2.2 Statement of the Problem
2.3 Objectives of the Study
2.4 Scope of the Study
2.5 Research Methodology
2.6 Research Instrument
-
7/29/2019 dissertion 2
19/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 19
2.1 TITLE OF THE STUDY:
A STUDY ON COMPARATIVE ANALYSIS WITH REFERENCE TO APPLE
AUTO SUZUKI MOTORS COMPANY AT BANGALORE.
2.2 STATEMENT OF THE PROBLEM:
The basic financial statements, that is, the Balance Sheet and Profit and Loss Account or
Income statement of business, reveal the net effect of the various transactions on the
operational and financial position of the company. The balance sheet gives a static view
of the resources (liabilities) of a business and the uses (assets) to which these resources
have been put at a certain point of time. It does not disclose the cause for changes in the
assets and liabilities between two different points of time. The profit and loss account in
a general way indicates the resources provided by operations. But there are many
transactions that take place in all undertaking and which do not operate through profit
and loss account.
For an organization, movements of funds that is inflow of funds and outflow of funds isinevitable. The management has to exert control on movement of funds. Therefore,
there is a need for studying the movement of funds in the organization.
2.3 OBJECTIVES OF THE STUDY:
The main objectives of the study are as follows:
Analysis of comparative method from one year to another year so that theperformance of Apple Auto Suzuki Motors can be known.
To provide reliable financial information about economic resources andobligations of a business firm.
-
7/29/2019 dissertion 2
20/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 20
To provide other needed information about changes in such economic resourcesand obligations.
To disclose, to the extent possible, other information related to the financialstatements that is relevant to the needs of the users of these statements.
2.4 SCOPE OF THE STUDY:
The study is conducted between the boundaries of the organization records for a period
of five financial years, which gives a wider scope of understanding and functioning of
the public sector units. The main aim is to understand the depth about the financial
analysis of the firm.
2.5 RESEARCH METHODOLOGY:
The research methodology includes collection of data from primary source and
secondary source.
SOURCES OF DATA:
Primary data
It was mainly collected from the finance and the H.R personnel with the help of other
departments of the company.
Secondary data
It was collected through two sources,
A. Internal source: Profiles, books of accounts, balance sheets, reports,documents.
B. External source: Websites, newspapers, magazines.
-
7/29/2019 dissertion 2
21/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 21
2.6 RESEARCH INSTRUMENT:
The instrument used for the study is comparative balance sheet for the 5 years, some
statistical tools such as tables and graphs.
OVERVIEW OF CHAPTER SCHEME
Chapter 1: Part AAbout the Industry
It includes the history, growth, future aspects, types of
automobile industries and prospect of automobile industries.
Part BAbout the subject
It includes finance, financial analysis, definition, types of financial
analysis, procedure of financial statements and methods of financial analysis.
Chapter 2: Research Design
It extends to the title of the study, statement of the problem,
objectives of the study, scope and methodology used in the study.
Chapter 3: Company Profile of Apple Suzuki Motors
It includes origin, growth, mission, location of unit and advantages,objectives, staffing pattern, vision and quality policy and organizational structure.
Chapter 4: Data analysis and Interpretation
It involves the tables and graphs used to study performance
of the company through comparative analysis.
Chapter 5: Summary of findings, suggestions and conclusions
It aggregates the findings, recommendations and conclusions related to comparativeanalysis at Apple Suzuki Motors.
Annexures Bibliography
-
7/29/2019 dissertion 2
22/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 22
CHAPTER3
COMPANY PROFILE
3.1 Origin of the organization
3.2 Growth
3.3 Mission or vision
3.4 Location of the unit and advantages
3.5 Objectives of the company
3.6 Staffing pattern of the unit
3.7 Vision and quality policy of the company
3.8 Organizational structure of Apple Auto Agency Private Limited
-
7/29/2019 dissertion 2
23/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 23
3.1 ORIGIN OF THE ORGANIZATION
SUZUKI MOTOR CORPORATION
In 1909, Michio Suzuki founded the Suzuki Loom Works in the small seacoast village of
Hamamatsu, Japan. Business boomed as Suzuki built weaving looms for Japans giant
silk industry. In 1929, Michio Suzuki invented a new type of weaving machine, which
was exported overseas. Suzuki field as many as 120 patents and utility model rights.
The companys first 30 years focused on the development and production of these
exceptionally complex machines.
Despite the success of his looms, Suzuki realized his company had to diversify and he
began to look at other products. Based on consumer demand, he decided that building a
small car would be the most practical new venture. The project began in 1937, and
within two years Suzuki had completed several compact prototype cars. These, first
Suzuki motor vehicles were powered by a then innovative, liquid cooled, four
stroke, fourcylinder engine. It featured a cast aluminum crankcase and gearbox and
generated 13 horsepower (9.7 kW) from a displacement of less than 800cc.
With the onset of World War II, production plans for Suzukis new vehicles were halted
when the government declared civilian passenger cars a non essential commodity.
At the conclusion of the war, Suzuki went back to producing looms. Loom production
was given a boost when the U.S government approved the shipping of cotton to Japan.
Suzukis fortunes brightened as orders began to increase from domestic textile
manufacturers. But the joy was shortlived as the cotton market collapsed in 1951.
Faced with this colossal challenges, Suzukis thoughts went back to motor vehicles.
After the war, the Japanese had a great need for affordable, reliable personal
transportation. A number of firms began offering clip on gas powered engines that
could be attached to the typical bicycle. Suzukis first two wheel ingenuity came in
-
7/29/2019 dissertion 2
24/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 24
the form of a motorized bicycle called, the Power Free. Designed to be inexpensive
and simple to build and maintain, the 1952 Power Free featured a 36 cc, one
horsepower, and two stroke engine. An unprecedented feature was the double
sprocket gear system, enabling the rider to either pedal with the engine assisting, pedalwithout engine assist, or simply disconnect the pedals and run on engine power alone.
The system was so ingenious that the patent office of the new democratic government
granted Suzuki a financial subsidy to continue research in motorcycle engineering and
so was born Suzuki Motor Corporation.
3.2GROWTH
Suzuki Motorcycle
Suzuki is another member of the Big Four from Japan. It began manufacturing
motorcycles in 1952 and has become well known around the world. Its offroad bikes
and road racers have won world titles, and its street machines range from the cruise
Boulevard series to the legendary GSXR series of sportbikes. It, along with Honda, is
unique in the company also builds automobiles.
1909 Michio Suzuki founds the Suzuki Loom Company in Hamamatsu, Japan.He builds industrial looms for the thriving Japanese silk industry.
1937 To diversify activities, the company experiments with several interestingsmall car prototypes, but none go into production because the Japanese
government declares civilian automobiles non essential commodities at the
onset of WWII.
1951 After the war, Suzuki (like Honda and others) begins making clip onmotors for bicycles.
-
7/29/2019 dissertion 2
25/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 25
1953 The Diamond Free is introduced and features double sprocket wheelmechanism and twospeed transmission.
1955 The Colleda COX debuts, a 125cc bike equipped with a steel frame. Itfeatures a 4 stroke OHV single cylinder engine with three speed
transmission.
1961 East German star Ernst Degner defects to the west while racing for MZ inthe Swedish Grand Prix. He takes MZs most valuable secret - knowledge of
Walter Kaadens expansion chamber designs to Suzuki.
1962Using MZs technology, Suzuki wins the newly created 50cc class in theWorld Championship. The company will win the class every year until 67, and
win the 125cc class twice in that period, too.
1963 U.S. Suzuki Motor Corp. opens in Los Angeles. 1965 The T20 is released (aka Super 6, X 6, Hustler). This two stroke,
street going Twin is one of the faster bikes in its class. The 6 in its name(s)
refers to its sixspeed gearbox.
1968The T500 Titan is an air cooled parallelTwin twostroke. 1970 Joel Robert wins the 250cc World Motocross Championship for Suzuki.
This is the first year of a threeyear streak.
1971 The GT750 2 stroke surprises people with its three cylinder liquidcooled engine. In North America, its nicknamed the Water Buffalo; in the UK
they call them Kettles. Although the bike is quite advanced in many ways and
inspires a line of smaller aircooled triples (GT380 and GT550), its clear that
pollution control legislation will limit the use of two strokes as street
-
7/29/2019 dissertion 2
26/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 26
motorcycle. Even while the GT750 was in development, Suzuki had signed a
licensing deal with NSU to develop a motorcycle with the Wankel (rotary)
engine.
1972 The Hustler 400, a street version of the TM400, is released. This bikefeatures a doublecradle frame and 2 stroke singlecylinder 396cc engine.
1974 The RE5 is the first Japanese motorcycle with rotary engine. It cost afortune to develop and, while not bad, its a commercial disaster. After two
years, the company abandons the project, and three are rumors the tooling was
dumped into the sea so that Suzuki managers would never have to see it again.
1975 The RM125, with an air cooled 2 stroke single cylinder 123ccengine, is a production motocrosser
1976 With the GS750, Suzuki finally builds a 4 stroke, fourcylinder roadbike.
1978 The GS1000E becomes the flagship model of GS series its Suzukisfirst literbike.
1979 Wes cooley wins the AMA Superbike Championship on the new GS.Hell repeat the feat in 80 before submitting to Eddie Lawson.
1980 The GSX750E adopts Twin Swirl Combustion Chamber (TSCC)structure and a DOHC engine upgraded to four valves. Also, a new Anti Nose
Dive Fork (ANDF) system is adopted for the front suspension.
1981 German designer Hans A.Mith, styles the GSX1100s Katana. It boasts anoutput of 111 hp at 8,500 rpm. Marco Lucchinelli wins the 500cc World
Championship for Suzuki.
-
7/29/2019 dissertion 2
27/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 27
1982 Franco Uncini wins the 500cc World Championship. 1983The RG250 is Suzukis first ever race replica. This bike features the AL
BOX, square aluminum frame, 16 inch tire and Anti Nose Dive Forks
(ANDF) at the front.
1985The RG500 Gamma features the same square Four cylinder layout asthe as the factory Grand Prix bikes. Other racy features are the square tube
aluminum frame and the removable cassettetype transmission.
1986 Although the rest of the world got the GSX R750 a year earlier, themost important new motorcycle in a decade finally arrives in the U.S. in 1986.
Kevin Cameron, reviewing the machine in Cycle World, rhetorically asks,
Where will we go from here?
The new GSXR1100 covers1/4 mile in 10.3 seconds and boasts a top speed
of over 160mph. That where we go from here.
1989 Jami James wins the AMA Superbike Championship of the GSXR750. 1990 The 779cc DR BIG has the largest single cylinder engine in living
memory.
1991 The GSX R750 switches from oil cooling to water cooling andgains weight.
1993Kevin Schwantz wings the 500cc World Championship. Id rather notwin it this way, he says, referring to the career - ending injury of his archrival
wayne Rainey.
-
7/29/2019 dissertion 2
28/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 28
1995 The much loved 16 valve, 1156cc air/oil cooled Bandit 1200appears on the scene.
1996 Suzuki calls the new GSX R750 the turning point model thanks toits twinspar frame instead of the older doublecradle frame. The engine is
also redesigned and featured 3 piece crankcases, chrome plated cylinders
and a side mount cam chain as well as Suzuki Ram Air Direct (SRAD)
system.
1997 The TL1000S is the first Suzuki sportbike with a V Twin engine. Itwill be followed a year later by a racier R version, with a dodgy rotary vane
damping system in the rear shock. Suzuki equipped the TL1000R with a
steering damper, but it was still prone to headshake and customers approached
it with caution, if at all.
1999 Mat Mladin wins the AMA Superbike Championship, beginning a runoffunprecedented dominance. Mladin will win five more times, and Suzuki will
win 8 of the next 9 titles. With sport bikes getting more and more sharp edged,
the company is one of the first to recognize what might be called the semi
sport market, as opposed to the super sport market. The SV650 features an
aluminum alloy truss frame and liquid cooled 900 V Twin DOHC 4
valve engine.
Suzuki calls the Hayabusa the ultimate aerodynamic sport bike. Its powered
by a 1298cc liquid cooled DOHC inline 4cylinder engine that becomes
the darling of land speed racers. The name means peregrine falcon in
Japanese.
-
7/29/2019 dissertion 2
29/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 29
2001 Based on the compact GSX R750, the GSX R1000 is powered by aliquid cooled DOHC 16 valve 4 cylinder 988cc engine, which features
narrowangle valves and downdraft individual throttlebody fuel injection.
2005Suzukis original 4 stroke motocross, the RMZ450, is equipped witha 4 stroke 449cc engine, which features the Suzuki Advanced Sump System
(SASS). Troy Corser gives Suzuki its first and only (so far) World Superbike
Championship.
2006The M109R, Suzukis flagship V Twin cruiser, is powered by a 1783ccV Twin engine with 112mm bore and 90.5mm stroke. It has the largest
reciprocating pistons is any production passenger car or motorcycle.
3.3MISSION/VISION:
Our endeavor to see Customer is delighted
3.4LOCATION OF THE UNIT AND ADVANTAGES:
The unit is at:
#615, 100 feet ring road,
Katriguppe, BSK 3rd stage,
Bangalore560 085.
This unit is centrally located in the heart of Bangalore city.
The location advantages of the unit are as follows:
1. Centrally located in the heart of the city.
2. Very good transportation facilities available for goods inward and outward.
3. The customer has quick access to this as it close to bus stand and railways stations.
-
7/29/2019 dissertion 2
30/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 30
4. The area has good transportation and communication system, connecting all parts.
And all major towns and industry centers all over the India.
5. Skilled labours are available in bulk quanitity.
3.5 OBJECTIVES OF THE COMPANY:
1. To product of highest quality and value.
2. To invest in the technology to achieve technological excellence and competitive.
3. To develop employees mutual trust, respect and taining.
4. Human resource development
5. Quality objective
-
7/29/2019 dissertion 2
31/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 31
3.6 STAFFING PATTERN OF THE UNIT:
Sl.No Designation Appointed strength
1 General Manager 1
2 Sales Manager 1
3 Service Manager 1
4 Spares Manager 1
5 Assistance Managers 3
6 Supervisors 30
7 Sales Mans 40
8 Mechanics 130
9 Helpers 139
10 Office boys 14
Total Strength 360
-
7/29/2019 dissertion 2
32/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 32
SUZUKI MOTORCYCLE:
Part of the Big four Japanese motorcycle manufactures, Suzuki has won racing
championships in every discipline of two wheel motorsports. Whether its Super cross
of Motorcross with its RMZ450 and RMZ250 motorcross bikes or either the AMA
or World Superbike road racing series with its line of ultrahigh performance GSXR
600, GSXR 1000 sport bikes, Team Suzuki knows how to engineer a motorcycle that
can win races onoroffroad.
But building championship winning motorcycle wasnt always what Suzuki was known
for. Originally Suzuki got its start in Japans textile industry in 1909. It wasnt until
after World War II that Suzuki began to produce engines for use on bicycles as the need
for affordable transportation emerged in Japan. Soon after Suzuki would go on to make
its first full motorcycle.
In the decades following its entry in to the motorcycle market, Suzuki pushed into other
transportation markets including the auto industry with its compact cars, vans and
trucks. The marine engine industry was up next and still today, Suzuki has a thriving
automobile and marine business worldwide.
Racing has always been a strong point of Suzukis history. Throughout the 1960s and
70s, Suzuki pushed hard in the racing scene both on and off road. Riders like Joel
Robert, Roger DeCoster, Tony DiStefano, and Danny LaPorte ruled popular offroad
series like the TransAMA series, and AMA 250cc and AMA 500cc championships.
-
7/29/2019 dissertion 2
33/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 33
The Suzuki Hayabusa is likely one of Suzukis mot well known models.
Suzukis combined experience in both the auto industry as well as the motorcycle
industry allowed them to produce the worlds first four wheeled ATV, the Quad
Runner 125 which would be a precursor to its popular line of sport ATVs including the
Quad Sport Z250, Quad Sport Z400 and Quad Racer R450. Suzuki also makes a
versatile line of King Quad utility ATVs with its top of the line King Quad 750
AXi 4x4 Power Steering. Today, Suzuki continues to innovate with models such as its
futuristic BKing and its Hayabusa 1300, which essentially started the hypersports bike
revolution in 1999. Other exciting models include the to be released Gladius and
GSR 600.
Yet Suzuki continues to produce classic like the Bandit 1250 and the versatile DR650SE
dualsport bike. Additionally, Suzuki produces a wide range of cruisers including the
Maurader and Boulevard models. And for those who are looking for something more
simple to ride Suzuki offers a comprehensive line of Burgman scooters in 125cc engine
size all the way up to a 650cc.
3.7 VISION AND QUALITY POLICY OF THE COMPANY:
Every Unit produced by the Company, will totally conform to the quality systems& procedures lay down by the company.
Every Unit produced by the Company, will be in accordance with the process,procedures & controls as laid down by the company.
Every input and component that goes into the product produce, will conform toall standards laid down by the Co Every manual, document, certificated,
approvals, will be made to conform to the highest quality standards.
-
7/29/2019 dissertion 2
34/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 34
Every human resource available in the Company, while they are directly orindirectly connected with the production of every unit will adhere to all quality
system, controls, & procedure.
Every Unit produced by the Company, will carry the Companys commitment toquality & customer satisfaction.
The company will make constant & continuous endeavors to upgrade & enhanceits procedures, systems & controls to keep up to the latest Quality Standards n
vogue at any given point in time.
-
7/29/2019 dissertion 2
35/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 35
3.8 ORGANIZATIONAL STRUCTURE OF APPLE AUTO AGENCY PRIVATE
LIMITED
SUZUKI MOTORS CORPORATION FINANCE DEPARTMENT
-
7/29/2019 dissertion 2
36/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 36
-
7/29/2019 dissertion 2
37/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 37
CHAPTER4
DATA ANALYSIS AND INTERPRETATION
Data Analysis Graph Inference
-
7/29/2019 dissertion 2
38/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 38
Table4.1: Comparative Analysis for the year ending
200607 & 200708
200607 200708 Comparativepercentage
(A) Fixed assets 1580731 1359957 - 13.97
Current Assets 8398963 11689975 39.18
Current liabilities 1938102 6089636 214.21
(B) Working capital (CACL) 6460861 5600339 -13.32
(C) Capital employed (A + B) 8041592 6960296 -13.44
Less: Long term loans 7712034 6332070 -17.89
Add: Preliminary expenses 54000 48000 -11.11
Share holders fund 383558 676226 76.30
Share capital 310000 310000 100
Reserves and surplus 73558 366226 397.87
Total 383558 676226 76.30
-
7/29/2019 dissertion 2
39/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 39
Graph4.1(a) Showing Comparative Analysis for the year ending
200607
Analysis
From the above table and graph we can observe that fixed assets of the company is
15.80, current assets are 83.98, Current liabilities are 19.38, working capital is 64.60,
capital employed is 80.41, long term loans are 77.12, preliminary expenses are 0.54,
share holders funds are 3.83, share capital is 3.10, reserves and surplus are 0.73 [where
all amounts are in lakhs]
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
9000000200607
200607
-
7/29/2019 dissertion 2
40/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 40
Graph4.1(b) Showing Comparative Analysis for the year ending
200708
Analysis
From the above table and graph we can observe that fixed assets of the company is
13.59, current assets are 116.89, current liabilities are 60.89, working capital is 56.00,
capital employed is 69.60, long term loans are 63.32, preliminary expenses are 0.48,
share holders funds are 6.76, share capital is 3.10, reserves and surplus are 3.66 [where
all amounts are in lakhs].
0
2000000
4000000
6000000
8000000
10000000
12000000
200708
200708
-
7/29/2019 dissertion 2
41/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 41
Graph4.1(c) Showing Comparative Percentage for the year ending
200607 & 200708
Interpretation
From the above table we can infer that the fixed assets of the company is decreased.
Current assets are less than current liabilities which indicates that the company is ot in
favorable position in terms of liquidity and working capital. Long term loans has
decreased which shows that that the company has not borrowed money from outsiders.Reserves and surplus has increased which shows that the company has secured some
money for the future.
COMPARATIVE PERCENTAGE
Fixed assets
Current Assets
Current liabilities
Working capital
Capital employed
Long term loans
Preliminary expenses
Share holders fund
Share capital
Reserves and surplus
Total
-
7/29/2019 dissertion 2
42/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 42
Table4.2: Comparative Analysis for the year ending
200708 & 200809
200708 200809 Comparativepercentage
(A) Fixed assets 1359957 4439180 226.42
Current Assets 11689975 12353558 5.68
Current liabilities 6089636 8180137 34.33
(B) Working capital (CACL) 5600339 4173421 -25.48
(C) Capital employed (A + B) 6960296 8612601 23.74
Less: Long term loans 6332070 6038473 -4.64
Add: Preliminary expenses 48000 32000 -33.33
Share holders fund 676226 2606128 285.39
Share capital 310000 300000 3.23
Reserves and surplus - 1802830 -
Total 676226 2606128 285.39
-
7/29/2019 dissertion 2
43/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 43
Graph4.2(a) Showing Comparative Analysis for the year ending
2007 - 08
Analysis
From the above table and graph we can observe that fixed assets of the company is
13.59, current assets are 116.89, current liabilities are 60.89, working capital is 56.00,
capital employed is 69.60, long term loans are 63.32, preliminary expenses are 0.48,
share holders funds are 6.76, share capital is 3.10, reserves and surplus are 3.66 [where
all amount s are in lakhs].
0
2000000
4000000
6000000
8000000
10000000
12000000
200708
200708
-
7/29/2019 dissertion 2
44/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 44
Graph4.2(b) Showing Comparative Analysis for the year ending
200809
Analysis
From the above table and graph we can observe that fixed assets of the company is
44.39, current assets are 123.53, current liabilities are 81.80, working capital is 41.73,
capital employed is 86.12, long term loans are 60.38, preliminary expenses are 0.32,
share holders funds are 26.06, share capital is 3.00, reserves and surplus are 5.03, share
application money is 18.02 [where all the amounts are in lakhs].
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
200809
200809
-
7/29/2019 dissertion 2
45/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 45
Graph4.2 (c) Showing Comparative Percentage for the year ending
200708 & 200809
Interpretation:
From the above table we can infer that the fixed assets of the company is increased
which shows that the fixed assets has been used effectively and efficiently. The
company has a favorable liquidity position and performs well. Reserves and surplus has
a favourable impact on the share holders funds. Capital employed has increased whichindicates that the company has a favourable influence on their customers. Longterms
loans have decreased which implies that the company has paid off its debts for the
shorter period.
Percentage change
Fixed assets
Current Assets
Current liabilities
Working capital
Capital employed
Long term loansPreliminary expenses
Share holders fund
Share capital
Reserves and surplus
Total
-
7/29/2019 dissertion 2
46/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 46
Table4.3: Comparative Analysis for the year ending
200809 & 200910
200809 200910 Comparativepercentage
(A) Fixed assets 4439180 3644013 -17.91
Current Assets 12353558 14366357 16.29
Current liabilities 8180137 6848285 -20.73
(B) Working capital (CACL) 4173421 7882072 88.86
(C) Capital employed (A + B) 8612601 11526085 33.83
Less: Long term loans 6038473 6971342 15.44
Add: Preliminary expenses 32000 16000 50
Share holders fund 2606128 4570743 75.38
Share capital 300000 950000 216.67
Reserves and surplus 503298 2224301 341.95
Share application money 1802830 1396442 -22.54
Total 2606128 4570743 75.38
-
7/29/2019 dissertion 2
47/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 47
Graph4.3 (a) Showing Comparative Analysis for the year ending
200809
Analysis
From the above table and graph we can observe that fixed assets of the company is
44.39, current assets are 123.53, current liabilities are 81.80, working capital is 41.73,
capital employed is 86.12, long term loans are 60.38, preliminary expenses are 0.32,
share holders funds are 26.06, share capital is 3.00, reserves and surplus are 5.03, share
application money is 18.02 [where all the amounts are in lakhs].
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
200809
200809
-
7/29/2019 dissertion 2
48/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 48
Graph4.3 (b) Showing Comparative Analysis for the year ending
200910
Analysis
From the above table and graph we can observe that fixed assets of the company is
36.44, current assets are 143.66, current liabilities are 64.84, working capital is 78.82,
capital employed is 115.26, long term loans are 69.71, preliminary expenses are 0.16,
share holders funds are 45.70, share capital is 9.50, reserves and surplus are 22.24, share
application money is 13.96 [where all the amounts are in lakhs].
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000200910
200910
-
7/29/2019 dissertion 2
49/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 49
Graph4.3(c) Showing Comparative Percentage for the year ending
200809 & 200910
Interpretation:
From the above table we can infer that the fixed assets of the company have decreased.
Current assets are less than current liabilities which indicates that the company is not in
favourable position in terms of liquidity and working capital. The capital has been
employed in the company for the purpose of adequacy of new formation. Long term
loans have been increased. Thus in the same way reserves & surplus have increased in
the company & it indicates that the company has secured some of the money for the
future.
Percentage change
Fixed assets
Current Assets
Current liabilities
Working capital
Capital employed
Long term loans
Preliminary expenses
Share holders fund
Share capital
Reserves and surplus
Share application money
Total
-
7/29/2019 dissertion 2
50/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 50
Table4.4: Comparative Analysis for the year ending
200910 & 201011
200910 201011 Comparativepercentage
(A) Fixed assets 3644013 4891954 34.25
Current Assets 14366357 25147731 75.05
Current liabilities 6848285 17081358 163.42
(B) Working capital (CACL) 7882072 8066373 2.34
(C) Capital employed (A + B) 11526085 12958326 12.43
Less: Long term loans 6971342 6933351 -0.54
Add: Preliminary expenses 16000 - -
Share holders fund 4570743 6024975 318.16
Share capital 950000 950000 100
Reserves and surplus 2224301 2224301 100
Share application money 1396442 2850674 104.14
Total 4570743 6024975 318.16
-
7/29/2019 dissertion 2
51/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 51
Graph4.4(a) Showing Comparative Analysis for the year ending
200910
Analysis:
From the above table and graph we can observe that fixed assets of the company is
36.44, current assets are 143.66, current liabilities are 64.84, working capital is 78.82,
capital employed is 115.26, long term loans are 69.71, preliminary expenses are 0.16,
share holders funds are 45.70, share capital is 9.50, reserves and surplus are 22.24, share
application money is 13.96 [where all the amounts are in lakhs].
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000
200910
200910
-
7/29/2019 dissertion 2
52/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 52
Graph4.4(b) Showing Comparative Analysis for the year ending
201011
Analysis:
From the above table and graph we can observe that fixed assets of the company is
48.91, current assets are 251.47, current liabilities are 170.81, working capital is 80.66,
capital employed is 129.58, long term loans are 69.33, share holders funds are 60.24,
share capital is 9.25, reserves and surplus are 22.24, share application money is 28.50
[where all the amounts are in lakhs].
0
5000000
10000000
15000000
20000000
25000000
30000000201011
201011
-
7/29/2019 dissertion 2
53/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 53
Graph4.4(c) Showing Comparative Percentage for the year ending
200910 & 201011
Interpretation:
From the above table we can infer that fixed assets has been accumulated for future
usage. Capital employed has been used efficiently. Long term loans has decreased
which implies that the company has paid off its debts for shorter period. Reserves &
surplus has a great influence on share holders funds and thus there is an increase in
share holders funds & which implies that the company is improving its activities. Share
application money is increased which indicates that the company has issued new shares
to the public.
Percentage change
Fixed assets
Current Assets
Current liabilities
Working capital
Capital employed
Long term loans
Preliminary expenses
Share holders fund
Share capital
Reserves and surplus
Share application money
Total
-
7/29/2019 dissertion 2
54/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 54
CHAPTER5
SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSIONS
5.1 Summary of findings
5.2 Recommendations and suggestions
Conclusions
-
7/29/2019 dissertion 2
55/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 55
5.1 SUMMARY OF FINDINGS
A study on Comparative analysis, with special reference to Apple Auto Agency PVT
Ltd. has been carried out. The study has thrown light on some important factors and
they can be summarized as follows.
All the departments in the company are computerized
Company has maintained different types of Accounts.
The fixed assets of the company is increased which shows that the fixed assets
have been used effectively and efficiently.
The current assets are less than current liabilities which indicates that the
company is not in a favourable position in terms of liquidity and working capital.
Longterm loans have decreased which indicates that the company has paid off
its debts for the shorter period.
Share capital has increased and it indicates that the company is planning for the
diversification activities.
The working capital position of the company is not satisfactory. It should be
increased to maintain the liquidity position of the company.
Capital employed has increased. This shows that the company has utilized the
capital properly.
The reserves and surplus have increased in the company and it indicates that the
company has secured some of the money for the future.
Share application money has increased. This shows that the company has issued
new shares to the public.
-
7/29/2019 dissertion 2
56/57
COMPARATIVE ANALYSIS
DMS, SVU 2011 - 2012 Page 56
5.2 RECOMMENDATIONS AND SUGGESTIONS:
Apple Auto Motors must still increase its current assets.
Apple Auto Motors has to maintain its same level and to increase its sales.
The profit of the Apple Auto Motors still has to be increased.
Apple Auto Motors has to reduce its expenditure in order to have higher margin.
It has to reduce the current liability of the company.
The company has to increase the fixed assets for the future period in order to
increase the assets of the company.
The company is not a dealer or trader in shares, securities and debentures.
In our opinion, the company has an internal audit system commensurate with its
size and nature of business.
The provisions of any statute applicable to chit fund/mutual benefit
funds/societies are not applicable to the company.
During the course of our examination of the books and records of the company,
carried out in accordance with the generally accepted auditing practices in India,
and according to the information and explanations given to us, we have come
across any instance of fraud on or by the company, noticed or reported during the
year, nor have we been informed of such case by the management.
The company is maintaining the proper records showing full particulars including
quantitative details.
-
7/29/2019 dissertion 2
57/57
COMPARATIVE ANALYSIS
CONCLUSION:
The study on Comparative Analysis was to analyze the financial position of the
Company. It can be stated that the performance of the Company has improved gradually
year after year. However, the Company made profit is estimated.
The Capital structure of the company mainly consisted of debt Capital. This States the
Companys financial position is healthy in the long run.