Study On Financial Performance Analysis Of Spinning Mills Of Coimbatore City
Journal Title: International Journal of Scientific Research and Management - Year 2015, Vol 3, Issue 9
Abstract
Financial Analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the items of the Balance Sheet and the Profit and Loss Account. The project work is an outcome of “ A study on financial performance analysis of spinning mills of Coimbatore city” . The study was carried out for the period of five years (2010 - 14) to analyze the financial performance of the company and the 5 companies are Lakshmi Mills, Bannari Amman Spinning Mill, Sri Ramakrishna Spinning Mill, Kpr Spinning Mill and Super Spinning Mill are taken for study. The research design of the study is descriptive research design and secondary data was collected from the published websites of organizati on for the research. The tools used for analysis is compa rative ratio analysis of the balance sheet. Suitable ratios were framed and calculated to know the financial performance of the company. The findings from the analysis were discussed in detail and suggestions for corrective actions like maintain good solve ncy in order to meet short term and long term obligations were given wherever applicable
Authors and Affiliations
S. Sathya
Keywords
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