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Synopsis
Synopsis
SYNOPSIS ON
-: SUBMITTED TO: -
RASHTRASANT TUKADOJI MAHARAJ NAGPUR UNIVERSITY, NAGPUR.
: SUBMITTED BY:
Mr SHIVAM D. PANDEY
(FINANCIAL MANAGEMENT)
2016 – 2017
COMPANYPROFILE
“SUNFLAG IRON AND STEEL COMPANY LIMITED”
SUNFLAG IRON AND STEEL CO LTD was incorporated on 12thSep 1984as a public
limited company in the state of Maharashtra for setting up a composite steel plant for
the manufacturer of Mild and Alloy Steel role product in Bhandara district in near
Nagpur in Maharashtra.
IN 1937. It has grown steadily and spread his, manufacturing operation in 6countries
SUNFLAG IRON AND STEEL CO LTD as part of the renewed Sunflag Group. The
Sunflag group was founded by SHRI SATYADEV BHARDWAJ IN KENYAand
spanning 3 continents. Todays, Sunflag has grown steadily and had spared its
manufacturing operation in six countries and spanning 3continents. Todays, Sunflag has a
diversified range of activity in Kenya.
Tanzania, Niziria, Cameroon, the United Kingdom& India and its 20companies employ
over 12000 people. It has a turnover of USD200 million andannual profits to the order of
USD 25 million. Expect for Sunflag steel, all other companies are mainly in textile
industry.
More significantly, the group is credited with the growth of several industries,by the
continuously adopting new technology. To name a few,SULZER in, DIDERin
polyester,filaments Yarn,FEHRER for nonwoven,ZINZER,TRUTZCHILER AND
SCHLAFHORT IN spinning, are today’s proud to be associated be Sunflag,
These begin a brief introduction about the Sunflag group.
RESEARCH METHODOLOGY
REASEARCH:-According to Clifford woody, research comprises defining and redefining
problems, formulating hypothesis or suggested solutions, organizing and evaluating data,
making deductions and reaching conclusions, and at last carefully testing the
conclusionsto determine whether they fit the formulating hypothesis.To achieve the basic
objective of the study research design should be in the framework which provides guide
lines for study. It has to go through a systematic process. If all steps nacre taken in a
systematic manner the research conducted becomes quite effective.
A) Primary Data Source: -Data are those which are collected for the first time, they are
original in character. They are collected by the researcher for the first time of his own
use.The Sources of Primarily Data Include:
1. Interview Data and Questionnaire:For having information regarding historical
background and future developmentof the company researcher has interview chief
accountant and auditor of the company.
2. Direct Personal Investigation: in Personal Investigation the managers at sunflag
finance department have being interview to collect data.
B} Secondary Data: -Secondary data those witch have already being collected by others.
When it is not possible to collect data in the primary source, the researcher may take the
help of secondary data they are those with are collected with from other give in mind.
INTRODUCTION:-
The study of analysis and interpretation of financial statement shows the financial
position or strength and weakness of the company and it also rates the awareness in
management to improve the financial performance of the company on future.
The historical performance and current financial condition can be determined. It enables
to draw the conclusions regarding financial operation. It also reflects its performance in
relation to its competitors.
The focus of financial analysis on the crucial information contained in the financial
statement these depend on the objectives and purpose of such analysis.
HYPOTHESIS
The hypothesis is tentative generalization the validity of which has got to be tested.
Hypothesis at its initial stage may be an imagined idea or more given.
The hypothesis made in order to find out correct explanation of the phenomenon
through investigation. On the basis of the hypothesis factor observed & collected when
by verification. The hypothesis is found to be tiring theories is obtained.
That the Sunflag iron & steel company large steel & irons manufacturing
industry.
That the company’s position in the market is good & company retains this
position.
That the Raw material holding period for the steel company should be least than
25 Days, so that in case of contingency like lack in supply of Raw Material etc.
The company production cycle will not disturb.
That the Companies average collection period should not be more than 4
months i.e., 120 days companies recovery department should try to reduce the
collection period are as follows
That the Collection period should not disturb be extended beyond a reasonable
time period so that working capital would not get disturbed.
OBJECTIVES
To analyse and interpret the financial statement of the Sunflag.
The study of ratio the study of financial ratio can be especially fruitful because it
helps us see through the eyes of those who are subject to accounting measures. Of
performance and who often depend heavily on accounting data guidance in decision
making.
There is no escaping the linkages of financial and accounting linkages of
accounting and financial statements. So the study of management will help will
regardless the kinds of persons and his nature of activities in which he is involved.
Ratio analysis is a powerful tool of a financial analysis. A ratio is a quotient of two
numbers and is an expression of a relationship between the figures or two amount
.In financial analyses a ratio is used as a bench mark for evaluating the financial
position and a performance of a firm or a company. Ratio analysis is a famous and
well known tool for the analysis and study of short term financial position long term
financial position and the profitability of the firm.
CHAPTERISATION
COMPANY PROFILE
INTRODUCTION
OBJECTIVES
RESEARCH METHODOLGY
HYPOTHESIS
BIBILOGRAPHY
BIBILOGRAPHY
1) Annual report of Sunflag iron and steel company limited for the year 2011-15.
2) Website:-
www.sunflagsteel.com
www.wikipedia.com
www.google.com
www.ask.com
3) Searching Books
Financial for the one & All Girish Sakhotiyal & I.M.Pandey
SUBMITTED BY GUIDED BY
SHIVAM PANDEY Dr P. MANUSMARE
BBA PART III H. O. D
DEPARTMENT OF
BBA, BCCA, MCM & MBA