A

Project Report
On
COMPARATIVE STUDY OF FINANCIAL
PERFORMANCE OF
HET AGROCHEM INDUSTRIES

Of

A Report Submitted In Partial Fulfillment

Master Of Business Administration
Programme Of

Department Of Business Administration

Faculty Of Management
Maharaja KrishnaKumarsinhji Bhavnagar University
(2015-2017)
Submitted By:Guidance By:-

Priyank T Desai
Dr. B C Ajmera
MBA(Sem-3)(Finance)
Roll No.:21
INSTITUTE CERTIFICATE
This is to certify that the comprehensive Project
Report submitted by Priyank T. Desai towards the
partial fulfillment of the requirement for the degree
of Master of Business Administration has been
found satisfactory.

[Dr. B.C. Ajmera]

Faculty Guide

DECLARATION
I, Priyank T Desai, hereby declare that the work
incorporated in this project entitled Comparative
Study Of Financial Performance Of Het
Agrochem Industries. I ensure the
authentication of the material and give assurance
that there will not be any misuse of the data
collected. I also declare that the report prepared is
the result of my own work and indebtedness to the
work, If any, Have been duly acknowledge.
Date :
Signature :Place : Bhavnagar
Priyank T Desai

PREFACE
True learning comes from experience and
observation. Practical experience is the best
teacher that one can remember aspects of
administration and management. When the day
comes to apply this in corporate world in context of
modern industrial enterprise, this has to go through
practical knowledge to achieve goals.
The main objective of practical training is to
develop practical knowledge and awareness about
the industrial environment and business practices
in the students as a supplement to theoretical
studies of administration and management in
specific area like Finance, Marketing,HRM etc.it
increases the skills, abilities and attitude to
perform specific job in industrial environment.

The Research is on the topic

ofComparative Study Of Financial
Performance Of Het Agrochem Industries,
although I have Tried my level best to prepare this
report.

ACKNOWLEDGEMENT
Right from the genesis of the idea of the
work on the subject, to its completion stage, I have
incurred both moral and intellectual debts to many.
Therefore I would like to express my sincere
gratitude to all those who helped me during my
project and in preparing this project report.
I would like to thank Dr. A. Kumar head and
faculty of Department of Business Administration,
Bhavnagar University, Who gave me an
opportunity to work out on this project and thus
enabled me to enhance my practical knowledge.
He constantly helped me to complete the project
successfully by sharing with me his valuable
knowledge and experience.

I would like to thank Dr. B.C. AjmeraFaculty

at Department of Business Administration,
Bhavnagar, Who guide me from time to time. He
shared with me his valuable knowledge and
encouraged me throughout my studies.
I would like to thank Dr. VedantPandya,
Faculty at Department of Business Administration,
who help me to complete this project.
At Last, I would like to thank those who helped
me directly or indirectly during my project work.

EXECTUTIVE SUMMARY
For every company, it is necessary to know are
aware about the performance on here with, we
tried to compile the
comparative study of
financial performance of het agrochem
industries. Therefore we have selected this topic
in order to know the performance of het agrochem
industries.
With the help of this project work the
companies can know the performance and
profitability, about their strengths and weaknesses

from each and every dimension of companies. And,

Thus the companies would be able to provide good
quality of service to the customers. This will help
the companies providing better customer share &
increasing share of wallet from the existing
customers.
We have chosen industry for our project work
because presently it is one of the largest growing
sector and having vast future scope in india. And
industry sector is one of the best places to learn
the financial practices.
For the purpose of study we have gathered
data regarding the industries & research work by
two ways secondary data.

INDEX

Contant
Title Page

Page No.
I

Institute Certificate
Declaration
Preface
Acknowledgement
Executive Summary
Company Information
Theoretical Framework
Research Methodology
Literature Review
Data Analysis
Finding & Suggestion
Conclusion

II
III
IV
V
VI
3
25
38
42
45
57
60

Company Information

Introduction :
Het agrochem is a single-window agricultural
solution provider. We partner with Indian farmers
for progress and prosperity. Het agrochem enables
agricultural
self-sufficiency
and
economic
independence by providing fertilisers that are both
affordable and effective. We are committed to

effective utilization of resources and innovative

initiatives for the well-being of the farming
community.
Het agrochems operations are spread across five
key marketing areas. The company has a
manufacturing facility at Bhavnagar, with four
plants, dedicated to manufacturing urea, DAP and
NPK based fertilizers. Our wide variety and reach
has enabled us to diversify into additional sectors
like furniture, oil tanking, seeds, and investments,
apart from agricultural inputs.
The success of Het agrochem is credited to our
dynamic team that helms the company. The
eminent board of directors supported by a team of
executives and staff ensure that the Het
agrochemfamily constantly grows towards our
vision of prosperity for the Indian farmer.
About product and product price list are explained
as under:

Seaweed Extract :

Based on new technologies and modern machines,

we are engaged in manufacturing, supplying and
exporting a wide range of Seaweed
Extract, Liquid Seaweed Fertilizer, Seaweed
Powder, Seaweed Flakes, Raw Dried Seaweed,
Sargassum seaweed, AscophylumNodosum. These
are available in various specifications as per the
requirements of our clients. Additionally, these are
available in market at economical prices.
Seaweed Extract Flake
By utilizing modern machines and latest
equipments, we are engaged in manufacturing,
supplying and exporting a wide range of Seaweed
Extract Flake. Our products are rigorously tested
by the quality detectors and are authorized as per
the international standards.These have long lasting
effect and are highly reckoned among our clients
due to their superior quality and economical prices.
Features:

High purity
Cost effective
High quality

Specifications:

Dose: 10 GM per 15 Litter of water

Ingredients:

Seaweed Extract Flake

Function:

To increase No. of Roots and to prevents predropping of fruits & flowers, Overall growth of
plant

Other Information:

Recommended Crops: Any Field Crops /

Horticultural Crops / Fruit Crops

Compatibility: Compatible with most of all

pesticides / fungicides / PGR

Packing Available: 50 Gm / 100 Gm / 250 Gm /

500 Gm / 1 kg / Bulk

Liquid Seaweed Fertilizer

Keeping in mind the diverse requirements of our
clients we are involved in offering an extensive
range of Liquid Seaweed Fertilizer. These are
extensively used for increasing the number of
flowers and to prevents pre-dropping of fruits and
flowers. Offered products are finely formulated by
our highly skilled professionals using best quality
ingredients. Moreover, we also assure safe and
timely delivery of our products.
Features:

Reliable
Fine quality
Cost effective

Specifications:

Dose: 25 to 30 ml per 15 Litter of water

Ingredients:

Vendors of Naturally occurred NPK from

Seaweed Extract, Humic acids, Amino Acids,
Proteins, Enzymes, Useful Carbohydrates etc

Function:

To increase No. of flowers and to prevents predropping of fruits & flowers. It provide better root
and shoot growth and increase the nutrient
uptake capacity which help to improve overall
plant growth and increase the yield

Other Information:

Recommended Crops: Any Field Crops/

Horticultural Crops/ Fruit Crops

Compatibility: Compatible with most of all

pesticides/ fungicides/PGR

Pack In: HDPE bottles

Packing Available: 50 ml / 100 ml / 250 ml /

500 ml / 1 Ltr. / Bulk
Seaweed Powder
With vast experience and knowledge we are
involved in offering a premium quality range
of Seaweed Powder. These are processed using
fine quality material which we sourced from the
trusted vendors of the industry. These improve the
overall growth of plant and are well known due to
their superior quality. Additionally, these can be
availed at market leading prices.
Features:

Optimum price
No side effects
Reliable

Specifications:

Dose: Use as per Requirement

Ingredients:

Seaweed Powder Original

Function:

To increase No. of Roots and to prevents predropping of fruits & flowers, Overall growth of
plant

Other :

Recommended Crops: Any Field Crops /

Horticultural Crops / Fruit Crops

Compatibility: Compatible with most of all

pesticides / fungicides / PGR

Packing Available: 50 Gm / 100 Gm / 250 Gm /

500 Gm / 1 kg / Bulk

Organic Humic Acid Powder :

The main benefit of including humic acids in a liquid foliar
application is that the plant will be able to uptake and
utilize the nutrients in the solution many times more
effectively than without the humates. For this reason, it is
an obvious complement to any foliar program.
In the soil, humic and fulvic acids are important chelators,
combining minerals into organic compounds that are more
available to plants. They also tie up toxins, making them
less available to plants.
They will already be present in good soils with lots of
organic matter. Otherwise, they will be lacking and it will
be beneficial to bring them in while also focusing on
increasing the organic matter content of the soil.
They increase the water infiltration and water-holding
capacity of the soil. They greatly improve the soil, increase
plant root growth and metabolism, enhance seed
germination, and help plants deal with environmental
stresses. They remove odours in slurry and compost piles,
and keep irrigation lines clean. They are often applied with
microbial inoculants and liquid organic fertilizers.

The quality of humic acid products varies widely. This

particular humate powder is over 90% soluble and
contains a minimum of 80% humic acids.

Theoretical Framework

Research Methodology

(4.6)Source of Dara :
From The Internet:
When I faced problem gathering mass
information then internet was useful to me I visit
the Het agrochem site and also few more sites to
collect some important data.
(4.7)Data Collection Method :
Types of Financial Statement Adopted:
Following two types of Financial statements are
commonly used in analyzing the firms Financial
Performance.
A. Balance Sheet.
B. Income Statement.

Literature Review

Literature Review :
Kline [1993], who defined a "sustainable community" in
terms of economic security, ecological integrity, quality of
life, and empowerment with responsibility, also focused on
developing indicators to measure progress towards
community development. The framework used centers
around the four characteristics defined in the first project.
"Vital signs" (clean water, clean air, safe neighborhoods,
jobs) need to be differentiated from "sustainable
community indicators" that reflect a measurement of
progress towards a community as a whole. Here she talks
about paradigm shifts in thinking, for example, a more
sustainable community seeks to create economic security
(new paradigm) rather than economic growth or economic
development (old paradigm); it seeks ecological integrity
rather than environmental protection. Vital signs are useful
indicators of public concern but are not substitutes for
sustainability indicators. She notes the difficulty in
identifying good sustainability indicators, because data
collection and analysis techniques are designed for the old,
not new, paradigms.

Flora [1990] examines how a shift to sustainable

agriculture would affect the ability of a community to solve
its common problems and carry on a number of functions
that a community performs: providing opportunity for
making a living, socializing community members,

exercising social control, participating in group activities,

and caring for those in need in crisis situations. Though not
discussed as indicators of sustainability, the status of these
community functions could be viable points to monitor.

Meares' [1995] study of gender as a social construct in the

perceptions of quality of life within farm families
practicing sustainable agriculture indicates the difficulty of
separating family unit (or household) quality of life issues
from whole-farm quality of life issues.

Dobbs and Cole [1992] used several economic indicators in

their study of conversion from conventional to sustainable
agriculture: changes in income of agricultural households;
backward linkages to input supply firms; forward linkages
to transportation, processing, and marketing firms; and
changes in consumer expenditures. Estimations had to be
used at times, but actual communities were looked at and
farmer production and cost records (conventional and
alternative) were used. This material is not very farmer
friendly in its presentation, but it is part of a much needed
body of literature that looks at alternative practices from an
economic perspective.

Faeth [1993] calls for a natural-resource accounting

framework to be attached to the economic accounting

model to determine true costs and incomes. Nothing is said

about where the natural-resource charges would go or how
they would be reinvested. Lee [1992] reviews the literature
to construct a perspective on the economic impacts of
reduce use of agricultural chemicals. Tradeoffs become the
theme for considerable debate: the value of human health
and the environment weighed against the effects of
aggregate farm income and consumer food prices.

Madden [1990] presents information that is more

background than indicator specific. He reviews what is
known about the profitability of alternative farming
methods and systems generally considered more
sustainable than conventional practices. He then suggests
some challenges remaining in this area.

Lefroy and Hobbs [1992] bring out the fact that different
constraints affect agricultural systems at different scales of
operation. Ecological parameters for the assessment of land
use on farms in the wheat belt of Western Australia are
suggested for the water cycle, the nutrient cycle, energy,
and diversity

Data Analysis :

Balance sheet and Profit & Loss account :

( From 2012 to 2016 )
Balance Sheet
Sourse Of Fund
Total Share Capital
Equity Share Capital
Reserves
Net worth
Secured loan
Unsecured loan
Total Debt
Total Liabilities
Application Of Fund
Gross block
less:Revaluation Reserve
Less:Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Dabtors
Cash & bank
Total Current Assets
Loans & Advances
Total CA , Loans & advances
Current Liabilities
Provisions

Mar-16
679.18
679.18
21666.0
3
22345.
21
3717.42
10322.2
6
14039.
68
36384.8
9

Mar-15
643.78
643.78
14195.9
4
14839.7
2
4803.26
15277.7
1
20080.9
7
34920.6
9

Mar-16
29204.8
3
22.87
13440.8
6

Mar-15
27973.7
9
22.87
12190.5
6
15760.3
6
6040.79
16987.1
7
4802.8
1114.48
944.75
6862.03
4270.67

15741.1
6480.89
18711.
46
4902.2
1568.46
452.08
6922.74
4547.19
11469.9
3
13393.9
5
2624.54

11132.7
12282.3
3
2717.28

Mar-14
643.78
643.78
18510
19153.7
8
4450.01
10065.52
14515.5
3
33669.31
Mar-14
26130.82
22.87
10890.25
15217.7
6355.07
18458.4
2
3862.53
1216.7
226.15
5305.38
4374.98
9680.36
13334.13
2708.11

Mar-13
638.07
638.07
18473.4
6
19111.5
3
5877.72
8390.97
14268.6
9
33380.2
2
Mar-13
25190.7
3
23.31
9734.99
15432.4
3
4752.8
19934.3
9
4455.03
1818.04
462.86
6735.93
5305.91
12041.8
4
16580.4
7
2200.77

Mar-12
634.75
634.75
18967.51
19602.2
6
6915.77
4095.86
11011.6
3
30613.89
Mar-12
23676.46
23.75
8656.94
14995.77
4036.67
20493.5
5
4588.23
2708.32
1840.96
9137.51
5832.03
14969.54
20280.82
3600.82

Total CL & Provisions

Net Current Assets
Total Assets
Contingent Liabilities
Book value

16018.4
9
4548.5
6
36384.8
9

14999.6
1
3866.91
34920.6
9

33669.31

7341.2
65.8

9882.65
46.1

13036.73
59.51

16042.24
6361.88

18781.2
4
-6739.4
33380.2
2
15090.2
1
59.91

23881.64
-8912.1
30613.89
15413.62
61.77

Profit and Loss Account

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Miscellaneous Expenses
Total Expenses

Mar
'16
46646.
67
4276.8
5
42369.
82
1769.7
1

Mar
'15
39524.
34

-22.94
44116
.59
Mar
'16
30043.
29
402.36
3026.7
5
424.61
6134.3
3
40031.
34

878.82
38651
.22
Mar
'15
28367.
83
395.88
3091.4
6
437.47

3229.6
36294.
74
1477.6
6

6118.4
38411.
04

Mar
'14
37758
3469.8
9
34288.
11
3293.1
7
371.72
37209
.56
Mar
'14
26040.
59
392.09
2877.6
9
428.74
5088.4
3
34827.
54

Mar
'13
49319.
73
4554.0
1
44765.
72

Mar
'12
59220.
94
4914.3
8
54306.
56

1672

-11.16

143.6
46581
.32
Mar
'13
33764.
4
484.66

623.84
54919
.24
Mar
'12
41081.
79
550.89
2691.4
5
234.25
6194.4
7
50752.
85

2837
425.76
5689.1
9
43201.
01

Calculated Ratios Are as under :

Ratio
s
Years
2016
2015
2014
2013
2012

EPS
1
0.68
-14.72
1.03
0.93
3.9

Current
Ratio
6
0.6
0.42
0.36
0.48
0.62

Chart :

Diluted
EPS
2
0.68
-14.72
1.03
0.93
3.9

Quick
Ratio
7
0.33
0.19
0.15
0.27
0.41

Net profit
Ratio
3
0.55
-13.05
0.97
0.67
2.28

Inventort
Turnover Ratio
8
8.64
7.56
8.88
10.05
11.84

Return on
cap.employed
4
0.67
-16.02
1.08
0.97
3.84

Total debt to
equity
9
0.63
1.35
0.76
0.75
0.56

Assets
Turnover ratio
5
80.81
72.67
68.94
85.78
99.6

Return on
Assets
10
0.44
-9.48
0.67
0.57
2.27

120

100

80

60

40

20

0
1

-20

-40

Correlation :

10

Correlation

EPS

EPS
Diluted EPS
Net Profit Ratio
Return on Capital Emplyoed
Asset Turn Over Artio
Current Ratio
Quick Ratio
Inventory Turn Over Ratio
Total Debt to Equity
Return on Assets

Diluted EPS

Net profit
Ratio

Rtn on
cap.emp.

Assets
Turnover ratio

1
1
0.9973834
91
0.9998462
94
0.5344112
73
0.4535372
46
0.5263046
79
0.7457842
54
0.9829240
48
0.9997950
48
Current
Ratio

1
0.973737
445
0.577564
476
0.588184
157
0.443774
289

1
0.997383491
0.999846294
0.534411273
0.453537246
0.526304679
0.745784254
0.982924048
0.999795048

Quick Ratio

1
0.74000194
1
0.63150472
8
0.51403329
1

1
0.99847744
2
0.47903882
3
0.41422372
4
0.47866236
7
0.69938240
3
0.97722503
2
0.99863928
2
Inventort
Turnover
Ratio

1
0.522329656

0.444256365

0.825117329

0.515361955

0.929912069

0.735788213

0.893922797

0.981796795

-0.581964885

0.999989875

0.519602735

Total debt
to equity

Return on
Assets

1
-0.725070119

0.733066717

-0.982071725

Analysis of Ratios:
1. From the ratios EPS for the five years are
mentioned in above table. As per that table
EPS for the year in 2012 is 3.9 and in 2016 it

was 0.68. Major difference in the year 2015

and it was -14.72.
2.From the ratios DITUTED EPS for the five years
are mentioned in above table. As per that table
DILUTED EPS for the year in 2012 is 3.9 and in
2016 it was 0.68. Major difference in the year
2015 and it was -14.72.
3.From the ratios NET PROFIT for the five years
are mentioned in above table. As per that table
NET PROFIT for the year in 2012 is 2.28 and in
2016 it was 0.55. Major difference in the year
2015 and it was -13.05.
4.From the ratios RETURN ON CAP. EMPLOYED
for the five years are mentioned in above table.
As per that tableRETURN ON CAP. EMPLOYED
for the year in 2012 is 3.84 and in 2016 it was
0.67. Major difference in the year 2015 and it
was -16.02.
5.From the ratios ASSETS TURNOVER for the five
years are mentioned in above table. As per
that table ASSETS TURNOVER for the year in
2012 is 99.60 and in 2016 it was 80.81.

6.From the ratios CURRENT RATIO for the five

years are mentioned in above table. As per
that table CURRENT RATIO for the year in 2012
is 0.62 and in 2016 it was 0.60.
7.From the ratios QUICK RATIO for the five years
are mentioned in above table. As per that table
QUICK RATIO for the year in 2012 is 0.41and in
2016 it was 0.33.
8.From the ratios INVESTMENT TURNOVER RATIO
for the five years are mentioned in above table.
As per that table INVESTMENT TURNOVER
RATIO for the year in 2012 is 11.84 and in 2016
it was 8.64.
9.From the ratios TOTAL DEBT TO EQUITY RATIO
for the five years are mentioned in above table.
As per that table TOTAL DEBT TO EQUITY RATIO
for the year in 2012 is 0.56 and in the year
2016 was 0.56.
10.
From the ratios RETURN ON ASSET for the
five years are mentioned in above table. As per
that table RETURN ON ASSET for the year in
2012 is 2.27 and in 2016 it was 0.44.

Analysis of Correlation :
11.
As per above table correlation between
EPS and Diluted EPS is 1:1. So it is perfect
correlation.
12.
From the above table correlation between
EPS and Net profit ratio is 1: 0.99. So it is called
strongly positive correlation.
13.
From the above table correlation between
EPS and Return on capital employed ratio is 1:
0.99. So it is called strongly positive
correlation.
14.
From the above table correlation between
EPS and Asset turnover ratio is 1: 0.53. So it is
called strongly positive correlation.
15.
From the above table correlation between
EPS and Current ratio is 1: 0.45. So it is called
positive correlation.
16.
From the above table correlation between
EPS and Quick ratio is 1: 0.52. So it is called
positive correlation.

17.
From the above table correlation between
EPS and Inventory turnover ratio is 1: 0.74. So
it is called strongly positive correlation.
18.
From the above table correlation between
EPS and Total debt to equity ratio is 1: -0.98. So
it is called strongly negative correlation.
19.
From the above table correlation between
EPS and Return on assets ratio is 1: 0.99. So it
is called strongly positive correlation.
20.
From the above table correlation between
Diluted EPS and Net Profit ratio was 1:0.99. So
it is called strongly positive correlation.
21.
From the above table correlation between
Diluted EPS and return on capital employed
was 1:0.99. So it is called strongly positive
correlation.
22.
From the above table correlation between
Diluted EPS and asset turnover ratio was
1:0.53. So it is called strongly positive
correlation.
23.
From the above table correlation between
Diluted EPS and current ratio was 1:0.45. So it
is called positive correlation.

24.
From the above table correlation between
Diluted EPS and quick ratio was 1:0.52. So it is
called strongly positive correlation.
25.
From the above table correlation between
Diluted EPS and inventory turnover ratio was
1:0.74. So it is called strongly positive
correlation.
26.
From the above table correlation between
Diluted EPS and Total debt to equity ratio was
1:-0.98. So it is called strongly negative
correlation.
27.
From the above table correlation between
Diluted EPS and Return on asset was 1:0.99. So
it is called strongly positive correlation.
28.
From the above table correlation between
Net profit ratio and return on capital employed
was 1:0.99. So it is called strongly positive
correlation.
29.
From the above table correlation between
Net profit ratio and Asset turnover ratio was
1:0.41. So it is called positive correlation.
30.
From the above table correlation between
Net profit ratio and Quick ratio was 1:0.47. So it
is called positive correlation.

31.
From the above table correlation between
Net profit ratio and Inventory Turnover ratio
was 1:0.69. So it is called strongly positive
correlation.
32.
From the above table correlation between
Net profit ratio and Total on debt to equity ratio
was 1:-0.98. So it is called strongly negative
correlation.
33.
From the above table correlation between
Net profit ratio and return on asset was 1:0.99.
So it is called strongly positive correlation.
34.
From the above table correlation between
Return on capital employed and Assets
turnover ratio was 1:0.52. So it is called
Strongly positive correlation.
35.
From the above table correlation between
Return on capital employed and Current Ratio
was 1:0.44. So it is called positive correlation.
36.
From the above table correlation between
Return on capital employed and Quick ratio
was 1:0.52. So it is called Strongly positive
correlation.

37.
From the above table correlation between
Return on capital employed and Inventory
turnover ratio was 1:0.73. So it is called
Strongly positive correlation.
38.
From the above table correlation between
Return on capital employed and Total debt to
equity ratio was 1:-0.98. So it is called Strongly
negative correlation.
39.
From the above table correlation between
Return on capital employed and Return on
assets was 1:0.99. So it is called Strongly
positive correlation.
40.
From the above table correlation between
Assets turnover ratio and Current ratio was
1:0.83. So it is called strongly positive
correlation.
41.
From the above table correlation between
Assets turnover ratio and quick ratio was
1:0.92. So it is called strongly positive
correlation.
42.
From the above table correlation between
Assets turnover ratio and Inventory turnover
ratio was 1:0.89. So it is called strongly positive
correlation.

43.
From the above table correlation between
Assets turnover ratio and total debt to equity
ratio was 1:-0.58. So it is called strongly
negative correlation.
44.
From the above table correlation between
Assets turnover ratio and Return on assets was
1:0.51. So it is called strongly positive
correlation.
45.
From the above table correlation between
Total debt to equity ratio and Return on assets
ratio was 1:-0.98. So it is called strongly
negative correlation.

Finding & Suggestion

Findings :
The debt equity ratio was shown under the
standard ratio. It is clear that the long term
debt is more than that of the share holders
fund.
The operating and net profit of Het agro is in
decreasing trend due to heavy increase of
manufacturing and administration expenses.

 Current liability were increased compare to

base year 2012.

EPS is fluctuated from 2012 to 2016 but it was

negative in the year 2015 and it was -14.72.

Net profit ratio in the year 2012 was 2.28 and it

was decreased from that to 2016. In the year
2016 it was 0.55, but in the year 2015 it was
highly fluctuated and it was 13.05.
Current ratio of Het Agro. In the year 2012 was
0.62 and in the year 2016 it was 0.60. so there
is not more difference in current ratio in the
five years from 2012 to 2016.
Suggestion :
The organization should adopt an appropriate
capital structure.
The company should control fluctuation in cash
and bank balance as it impacts the current
ratio of the company.

 The company should control heavy increase of

manufacturing and administration expenses as
it is impacting the operating and net profit
company.
Every individual is a human being so he
expects the world of appreciation with the
rewards. So the organization should appreciate
the good work done by a company.
Good training programme on different
departments should be implemented. So the
employee can cope up with the changing need
of the company.
New facilities should be added to time excising
ones by early action taken by management.

Bibliography

Bibliography:
http://uwagec.org/wire/Reports/KSUSustAgPaper2.h
tm
http://www.tradeindia.com/Seller-8987745-HetAgrochem-Industries/
http://www.tradeindia.com/Seller-8987745-HetAgrochem-Industries/

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