Established in 1983, Swaraj Mazda Limited, a Chandigarh, India based automobile

company, is owned by the Sumitomo Corporation of Japan and Punjab Tractors

Limited of India, with a technical collaboration with Isuzu and Mazda of Japan.
Sumitomo upped its stake in the company in 2009 by purchasing all of Punjab Tractors'
remaining shares, raising their stake to 53.5%[1] After some trial production in 1985,
series production began in 1986.[2]
The company manufactures light commercial vehicles like trucks, buses, ambulances,
police personnel carriers, water tankers and special vehicles.
It exports its products to countries
like Nepal, Zambia, Bangladesh, Kenya, Tanzania, Ghana, Ivory
Coast, Rwanda, Seychelles, Syria, Jordan.
The company's annual turnover for the year 1997 - 1998 exceeded Rs. 151 crores. It has
a dealer network of about 128 dealers spread throughout India. Swaraj
Engines and Punjab Scooters are its associate companies.
In June 2006, Swaraj Mazda entered a new Technical agreement with Isuzu Motors,
Japan.

Ratio Analysis
Swaraj Mazda Ltd.

A. Inventory Conversion period

= (Average Inventory/ Average COGS) *360

We can see that company is increasing, its inventory conversion period from year 201213 to current year by almost 25 days. So, company has to focus on its inventory for make
its faster conversion into sales.

B.

Debtors Conversion Period