A

PROJECT REPORT

ON

FINANCIAL MANAGEMENT IN ARYAVART ORGANIC

PRODUCTS AND NUIRSERY

Submitted in partial fulfilment for the requirement of the degree of

BACHELORS OF BUSINESS ADMINISTRATION

Supervised By: - Submitted By: -

Smriti Mr. Aryan

Department of Management BBA 5th Sem

Roll No. 213042210027

DAYANAND COLLEGE, HISAR

GURU JAMBHESHWAR UNIVERSITY OF SCIENCE AND
TECHNOLOGY, HISAR
(2023-2024)
2
 DECLARATION

I, Aryan, hereby declare that the project entitled ’Financial Management in ARYAVART
ORGANIC PRODUCTS AND NUIRSERY’ is an outcome of my own efforts. The project is
submitted to the Guru Jambheshwar University of Science and Technology, Hisar, for the
partial fulfilment of the Bachelor of Business Administration examination for the session 2023-
2024.

I also declare that this project report has not been previously submitted to any other university.

Supervisor: - Signature of Candidate

Smriti Aryan

Department of Management BBA 5th Sem.

Dayanand College, Hisar Roll no.: 213042210027

Dr. Suruchi Sharma

(In-Charge)

Department of Management

Dayanand College, Hisar

 ACKNOWLEDGEMENT

I have taken efforts in this project. However, it would not have been possible without the kind
support and help of many individuals. I would like to extend my sincere thanks to all of them.

I would like to express my gratitude towards my parents & member of ARYAVART ORGANIC
PRODUCTS AND NUIRSERY. for their kind co-operation and encouragement which help me
in completion of this project.

I would like to express my special gratitude and thanks to Dr. Suruchi Sharma (In-Charge
of management department) for giving me untiring support and invaluable suggestions.

My thanks and appreciations also go to my colleague in developing the project and people who have
willingly helped me out with their abilities.

ARYAN
 CONTENTS

SR.NO. CHAPTERS PAGE NO.

1. Introduction 1-17

2. Objectives of the study 18-19

3. Research methodology 20-21

4. Analysis and Interpretation 22-27

5. Findings of the study 28-29

6. Suggestions 30-31

7. Limitations of the study 32-33

8. Conclusion 34-35

9. References/Bibliography 36-37

Annexure 38-39
 CHAPTER-1

INTRODUCTION

1
 INTRODUCTION TO COMPANY

“ARYAVART ORGANIC PRODUCTS AND NUIRSERY” is a well-known supplier of the

finest range of organic Products. The range of products that they make available to the clients

includes vermicompost, vermiwash , earthworm-manure, organic rice ,organic wheat and

vegetable seeds . The clients have always appreciated our offerings for quality, accuracy,

precision, packaging as well as pricing. Having linkages with some of the most reputed vendors,

they are dedicatedly engaged in offering the finest quality products to our clients. In addition to

this, they specialize in providing customized packaging to our clients. The products that they

offer can be availed from us at highly competitive prices and are high in quality.

Company is a renowned and reputable name in the organic industry, specializing in the

manufacturing and distribution of high-quality organic products.

2
The Hisar (Haryana)-based company mills, processes, and sorts stainless steel. The Company

ARYAVART ORGANIC PRODUCTS AND NUIRSERY was founded by Mr. Kavita Devi.

The present board of directors of the company consists of Mr. Kavita Devi and the manager of

the company is Mr. Dharmender Singh

Company ARYAVART ORGANIC

PRODUCTS AND NUIRSERY
Nature of Business Manufacturer

Year of Establishment 2021

Company’s CEO Kavita Devi

Total No. of Employees 05-12

Legal Status of Firm Pro p rie to rs h ip

Annual Turnover 10lakh – 15lakh

GST Number 0 6 AMSPD75 74 Q1Z3

GST Status Active

Address 1 VILLAGE RAKHI SHAHPUR RAKHI

SHAHPUR TEHSIL NARNAUND
DIST.
HISAR His a r Ha rya n a 125 0 39

3
Products Offered:-

ARYAVART ORGANIC PRODUCTS AND NUIRSERY offers various varieties of organic

products these are as follows:-

• Vermicompost

• Vermiwash

• Organic Wheat

• Organic Rice

• Vegetable seeds

4
Aryavart Organic Vermicompost :-

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6
₹ 3.95/kg
Form Powder

Grade Standard Bio-Tech Grade

Product Type Plant Based

Organic Matter 50%

Water Soluble Yes

Release Type Quick

Target Crops And Plants For All Crops

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 Aryavart Organic Vermiwash:-

₹ 275/ Litre
Form Liquid

Target Crops And Plants all crops

Dosage 20 ml per litre of water

Water Soluble Yes

Organic Matter 90%

8
 Aryavart Organic wheat:-

₹ 57/kg
Color Golden

Packaging Size Loose

Pack Type Gunny Bags

Speciality High in Protein

Cultivation Type Organic

9
 Aryavart Organic Rice:-

₹ 63/kg
Polished no

Packaging Size 50kg

Packaging Type PP Bag

Color White

Cuisine Type Indian

10
 Aryavart Organic Vegetable seeds(cucumber):-

₹ 150/pack
Type Hybrid

Brand Aryavart Organic

Packaging Size 50 Gram

Color Green

Packaging Type Poly Pouch

Usage/Application Sowing

Harvesting Days 55-60 days

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12
Vision:-
The Company's vision is to be a global leader in the organic industry, recognized for quality and
sustainability. They aim to provide innovative organic solutions that exceed customer
expectations, while also focusing on eco-friendly practices. Their vision includes strong
partnerships, positive societal impact, and shaping advancements in various sectors through their
products.

Mission:-

ARYAVART ORGANIC PRODUCTS AND NUIRSERY's mission is to provide high-quality

organic products with innovation and sustainability. They focus on customer satisfaction, eco-
friendly practices, ethical conduct, and employee well-being. Collaborative partnerships and
global impact are central to their approach, while continuous improvement drives their business.

They aspire to achieve business excellence through:-

• The spirit of entrepreneurship and innovation.

• Optimum utilization of resources.

• Sustainable environment friendly procedures and practices.

• The highest ethics and standards.

• Hiring, developing and retaining the best people.

• Positive impact on the communities we touch.

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 INTRODUCTION TO TOPIC
Financial Management:-

Financial management is a pivotal discipline that plays a fundamental role in the success of
businesses across various industries. It encompasses the strategic planning, allocation, and control
of an organization's financial resources to achieve its goals and objectives. In this section, we will
explore the concept of financial management and delve into its profound significance in the realm
of business operations.

Understanding Financial Management:-

Financial management involves a series of interconnected activities aimed at managing a

company's finances in an efficient and effective manner. These activities encompass a wide range
of tasks, including budgeting, financial analysis, investment decisions, risk management, and the
monitoring of financial performance.

The Significance of Financial Management:-

Financial management holds immense importance due to its pervasive influence on all aspects of
a business. Here are key reasons why financial management is critical in business operations:-

• Resource Allocation: Effective financial management ensures that financial resources are
allocated optimally across various departments and projects. This allocation is essential
to ensure that the organization's objectives are met efficiently.

• Strategic Decision-Making: Sound financial management facilitates informed decision-

making. Business leaders rely on financial data and analysis to make critical choices about
investments, expansions, and diversifications.

• Profit Maximization: One of the primary objectives of financial management is to

maximize profits while minimizing costs. By managing revenues and expenses
strategically, a company can enhance its profitability.

• Risk Management: Financial management involves identifying, assessing, and mitigating

financial risks. This is crucial in a dynamic business environment where uncertainties can
impact a company's operations and financial stability.

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 • Sustainable Growth: Proper financial planning and management contribute to the
sustainable growth of a business. Businesses that manage their finances well can seize
growth opportunities while maintaining stability.

• Capital Structure: Financial management helps determine the appropriate mix of debt and
equity financing to fund operations and investments. A well-balanced capital structure
ensures financial stability and flexibility.

• Investment Decisions: Businesses often face decisions about which projects or ventures
to invest in. Financial management techniques like Net Present Value (NPV) and Internal
Rate of Return (IRR) aid in evaluating the profitability of such investments.

• Compliance and Reporting: Financial management ensures compliance with financial

regulations and reporting standards. Accurate and transparent financial reporting builds
trust with stakeholders.

• Stakeholder Confidence: Effective financial management enhances the confidence of

investors, creditors & other stakeholders in the company's financial health & future
prospects.

Purpose and Goals of Financial Management:-

Financial management serves as a compass guiding a business's financial activities, ensuring

prudent allocation of resources, risk mitigation, and achievement of strategic objectives. This
section explores the purpose and goals of financial management, shedding light on how these
principles drive business success.

Purpose of Financial Management:-

• Resource Allocation: The primary purpose of financial management is to efficiently

allocate the available financial resources to different business activities. This includes
managing cash, investments, and working capital to support operations and growth
initiatives.

• Risk Management: Financial management aims to identify, assess, and manage financial
risks that could impact the business's stability and profitability. By proactively addressing

15
 risks, organizations can minimize potential negative impacts.

• Strategic Planning: Financial management helps businesses chart a course for the future
by aligning financial strategies with broader organizational goals. It aids in identifying
opportunities for growth, diversification, and innovation.

• Performance Evaluation: Financial management provides a framework to assess the

company's financial health and performance. Regular analysis of financial statements and
key performance indicators helps gauge progress toward objectives.

• Stakeholder Communication: Effective financial management facilitates transparent

communication with stakeholders, including investors, creditors, employees, and
regulatory bodies. Accurate financial reporting builds trust and accountability.

• Value Creation: Financial management contributes to the creation of shareholder value.

By maximizing profitability, efficiently using resources, and making strategic
investments, companies enhance their overall value.

Goals of Financial Management:-

Profit Maximization: One of the fundamental goals of financial management is to maximize

profits. This involves increasing revenues and optimizing costs to generate sustainable and
growing profits over time.

• Wealth Maximization: While related to profit maximization, wealth maximization

considers the long-term perspective and focuses on enhancing the value of the business,
which includes both equity and debt holders.

• Optimal Capital Structure: Financial management aims to strike a balance between debt
and equity financing. The goal is to determine the most suitable mix of financing sources
that minimizes the cost of capital while maintaining financial stability.

• Effective Resource Utilization: Financial management ensures that resources are

allocated efficiently to projects and activities that yield the highest returns. This involves
prioritizing investments that align with the company's strategic objectives.

• Risk-Adjusted Returns: Rather than solely pursuing high returns, financial management
16
 seeks returns that are commensurate with the level of risk. This approach considers risk
tolerance and aims to achieve a balance between risk and reward.

• Liquidity Management: Maintaining adequate liquidity to meet short-term obligations

while investing surplus funds optimally is a crucial goal of financial management.
Balancing liquidity and profitability is essential.

• Stakeholder Satisfaction: Financial management strives to meet the expectations of

various stakeholders, including shareholders, creditors, employees, and customers.
Ensuring stakeholder satisfaction contributes to business sustainability.

• Compliance and Governance: Financial management includes adhering to financial

regulations, accounting standards, and ethical practices. Ensuring compliance and
practicing good governance are vital goals.

Financial Planning:-

Financial planning is a dynamic process that involves assessing an organization's current financial
situation, setting specific financial goals, and developing strategies to achieve those goals. It
serves as a roadmap for managing financial resources effectively and making informed decisions
that align with the company's objectives. This section delves into the key components and
significance of financial planning in business operations.

Components of Financial Planning:-

• Assessment of Current Financial Situation: The first step in financial planning involves
evaluating the company's current financial position. This includes analyzing assets,
liabilities, cash flows, and existing financial commitments.

• Setting Financial Goals: Financial goals provide a clear direction for the organization.
These goals can encompass profitability targets, revenue growth, cost reduction, liquidity
enhancement, & more. Goals should be specific, measurable, achievable, relevant, &
time-bound.

• Budgeting: A budget is a crucial tool in financial planning. It outlines expected revenues

& expenses for a specific period, helping organizations allocate resources effectively &

17
 track financial performance.

• Risk Assessment: Identifying and assessing financial risks that could impact the
achievement of goals is an integral part of financial planning. Risks may include economic
volatility, industry changes, regulatory changes, and more.

• Investment Planning: Financial planning involves deciding how to invest surplus funds to
achieve optimal returns. This may include short-term investments for liquidity and long-
term investments for growth.

• Tax Planning: Organizations engage in tax planning to optimize tax liabilities by utilizing
legal deductions, exemptions, and credits. Effective tax planning contributes to preserving
profits.

• Retirement and Employee Benefits Planning: For businesses, financial planning extends
to ensuring adequate retirement benefits for employees. This includes offering pension
plans, 401(k)s, and other retirement savings options.

• Estate Planning: Larger organizations often engage in estate planning to ensure the
smooth transfer of ownership & assets in the event of changes in ownership or leadership.

Significance of Financial Planning:-

• Strategic Alignment: Financial planning ensures that financial strategies align with
broader organizational goals. It provides a framework for prioritizing initiatives that
support growth, innovation, and competitiveness.

• Resource Optimization: Effective financial planning helps allocate resources efficiently,

reducing wastage and unnecessary spending. It ensures that resources are directed toward
projects that contribute to the company's success.

• Decision-Making: Financial planning provides a basis for informed decision-making.

Whether it's evaluating investment opportunities or managing costs, having a clear plan
guides decision-makers.

• Risk Mitigation: Through risk assessment and contingency planning, financial planning
helps organizations prepare for potential challenges and minimize negative impacts.
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 • Performance Evaluation: Financial planning provides a benchmark against which actual
financial performance can be measured. Comparing actual results to the budget helps
identify areas of improvement.

• Flexibility and Adaptability: Financial planning allows organizations to adjust strategies

and resource allocation in response to changing market conditions, regulatory changes,
and unexpected events.

Risk Management:-

Risk management is a structured process aimed at identifying, assessing, mitigating, and

monitoring potential risks that could impact organizations. It involves recognizing various risks,
evaluating their impact and likelihood, implementing strategies to minimize their effects, and
continuously monitoring and adapting to changing circumstances. Risk management enhances
financial stability, guides strategic decision-making, protects reputation, ensures regulatory
compliance, and enhances adaptability in the face of uncertainties.

Financial Control:-

Financial control involves systematic practices within organizations to manage financial

resources, ensure accuracy in reporting, prevent fraud, and comply with regulations. It includes
internal controls, budgeting, authorization processes, and audits. Financial control ensures
accurate financial reporting, prevents fraud, supports regulatory compliance, aids decision-
making, and enhances stakeholder confidence. Overall, it safeguards financial integrity and
contributes to the organization's success and sustainability.

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 CHAPTER-2

OBJECTIVES OF THE STUDY

20
 OBECTIVES OF THE STUDY

The objective behind this research project is:-

• To know about the basic overview of ARYAVART ORGANIC PRODUCTS AND

NUIRSERY.

• To Study how the company manages its financial resources and makes strategic decisions.

• To analyse financial performance of the company.

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 CHAPTER-3

RESEARCH METHODOLOGY

22
 RESEARCH METHODOLOGY

RESEARCH DESIGN:-

Research design is the strategic plan that outlines the methodology, data collection methods,
analysis techniques, and procedures for conducting a research study. The research design involves
defining research objectives, selecting data sources and collection methods, specifying analytical
approaches, estimating timeframes, planning data presentation.I have used descriptive research
design for the purpose of study.

DATA COLLECTION PROCESS:-

Primary and Secondary sources are used for data collection.

• Primary Data:-

Primary data refers to the original data that is collected directly from the source. Primary
data is original information collected directly for the research, such as surveys, interviews,
observations, and experiments. I have collected data by using questionnaire method.

• Secondary Data:-

Secondary data refers to the existing data that has been collected by someone else.
Secondary data is existing information collected by others, like financial statements,
industry reports, research articles, and government publications.

SAMPLING DESIGN:-

• Sample Size:- A sample size of 100 respondents was chosen because of time constraint.
Larger samples are more precise but resource-intensive. Small samples risk reliability.

• Sampling Unit:- ARYAVART ORGANIC PRODUCTS AND NUIRSERY, Hisar was

chosen as sample unit.

• Contact Method:-Questionnarie method was used to establish direct contact with

respondents.

• Sample Procedure:- Due to time and various other constraints convenience was restored.
But efforts were made to check the accuracy of responses.
23
 CHAPTER-4

ANALYSIS

AND

INTERPRETAION

24
 ANALYSIS AND INTERPRETATION

1. How would you rate the ARYAVART ORGANIC PRODUCTS AND NUIRSERYs
comparison to other companies?

OPTIONS Excellent Good Poor Can’t Say

RESPONSE 52 20 18 10

PERCENTAGE(%) 56% 34% 9% 1%

RATING
Poor Can't Say
9% 1%

Good Excellent
34% 56%

Interpretation:-

This graph show that 56% of employee gives positive rating to the ARYAVART

ORGANIC PRODUCTS AND NUIRSERYs. 34% of employee gives good rating. 9% of

employee give poor rating and remaining 1% were not sure . This show that company
25
gives proper services to the employees.

26
2. Are you comfortable with the technology used in ARYAVART ORGANIC

PRODUCTS AND NUIRSERY?

OPTIONS Yes No

RESPONSE 90 10

PERCENTAGE(%) 95% 5%

Yes No
No
5%

Yes
95%

Interpretation:-

This graph show that 95% of peoples were comfortable and 5% were not comfortable

with technology used in ARYAVART ORGANIC PRODUCTS AND NUIRSERYs. This

show that company gives proper services to the peoples.

27
3. Is it easy to buy from new organization?

OPTIONS Yes No

RESPONSE 59 41

PERCENTAGE(%) 65% 35%

Yes No

35%

65%

Interpretation:-

The graph show that 65% of the peoples think that buy services from new organization is

easy and 35% of the peoples think that buy services from new organization is not easy.

Majority of employees think that buy services from new organization is not easy.

28
4. Does your organization have written accounting policies and procedures?

OPTIONS Yes No

RESPONSE 88 12

PERCENTAGE(%) 93% 7%

Yes No

7%

93%

Interpretation:-

This graph show that 93% of people response is positive and 7% of people response

negative that organization have written accounting policies and procedures.This show that

company have proper services.

29
5. Do you have a written procurement policy?

OPTIONS Yes No

RESPONSE 91 9

PERCENTAGE(%) 94% 6%

Yes No

6%

94%

Interpretation:-

Approx. 91 respondents (that is 94%) have written procurement policy and remaining 9

respondents (that is 6%) haven’t any written procurement policy.

30
 CHAPTER-5

FINDINGS OF THE STUDY

31
 FINDINGS OF THE STUDY

• ARYAVART ORGANIC PRODUCTS AND NUIRSERY majority of clients give

positive rating and minority of clients give negative rating.

• Maximum peoples are comfortable with the technology used in organization but some
peoples are not comfortable with the technology used in organization.

• The organization have written accounting policies and procedures.

• Peoples have their written procurement policy.

• For some peoples it is easy to buy from new organization but some peoples were not
satisfied with this.

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 CHAPTER-6

SUGGESTIONS

33
 SUGGESTIONS

• Implement strategies to manage currency and market risks.

• Develop strategies for sustainable expansion.

• Communicate financial performance and growth plans transparently.

• Balance risk and returns by exploring diverse investment avenues.

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 CHAPTER-7

LIMITATIONS OF THE STUDY

35
 LIMITATIONS OF THE STUDY

• Limited access to certain financial data may restrict comprehensive analysis.

• In-depth research might be constrained by time limitations.

• The study's focus on specific financial aspects may omit broader considerations.

• The financial practices of ARYAVART ORGANIC PRODUCTS AND NUIRSERY

could be highly specific to the organicindustry.

• In instances where complete data is not available, certain analyses might rely on
assumptions.

36
CHAPTER-8

CONCLUSION

37
 CONCLUSION

ARYAVART ORGANIC PRODUCTS AND NUIRSERY has received mostly positive reviews
from its clients, indicating their satisfaction with the products and services provided. While there
have been a few negative feedbacks, the overall sentiment remains positive. The organization has
embraced technology extensively, and most individuals have adapted well to the technological
solutions in place. However, there is a subset of individuals who are less familiar or comfortable
with the technology. The organization has established clear accounting policies and procedures,
ensuring efficient financial management. Additionally, comprehensive written procurement
policies have been implemented, enhancing the efficiency and transparency of procurement
processes. While some individuals find it easy to engage with a new organization for purchases,
others may face challenges such as language barriers, which can impede a smooth transition.

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 CHAPTER-9

REFERENCES/BIBLIOGRAPHY

39
 REFERENCES/BIBLIOGRAPHY

• https://www.indiamart.com/aryavartorganicproductsandnursery

• https:// www.tradeindia.com/aryavartorganicproductsandnursery

• https://www.wikipedia.org

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ANNEXURE

41
 Annexure

Questionnaire:-

Dear Sir/Ma’am

I am Aryan, Student of BBA from Dayanand College, Guru Jambheshwar University, Hisar,
Haryana need to conduct a survey regarding the internship project (Financial Management at
ARYAVART ORGANIC PRODUCTS AND NUIRSERY.) for the completion of my degree.
Kindly help me by filling the following questionnaire. I would be thankful for it.

Name:_______________
Age:_________________
Address:_____________

1. How would you rate the ARYAVART ORGANIC PRODUCTS AND NUIRSERY

comparison to other companies?

a) Excellent b) Good

c) Poor d) Can’t Say

2. Are you comfortable with the technology used in ARYAVART ORGANIC PRODUCTS

AND NUIRSERY?

a) Yes b) No

3. Is it easy to buy from new organization?

a) Yes b) No

4. Does your organization have written accounting policies and procedures?

a) Yes b) No

42
5. Do you have a written procurement policy?

a) Yes b) No

43