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PREPARED BY:SHIVANI MITTALSUMMER TRAINING PROJECT ON WORKING CAPITAL MANAGEMENT OF IND-SWIFT LABORATORIES LTD

OUTLINECompany profileObjectives of the studyResearch methodologyKey financials of IND-SWIFT LABORATORIES LTDWorking capital management analysisConclusionRecommendations

COMPANY PROFILE OF IND-SWIFT LABORATORIES LTD

A SHORT VIDEO OF IND SWIFT LABORATORIES LTD

IND-SWIFT LABORATORIES

Ind-Swift Laboratories is a part of the Ind-swift Group and is based at Chandigarh, India.The group has established a strong reputation as innovators in the Indian pharmaceutical industry.Concentrated on the manufacturing of Active Pharmaceutical Ingredients (API).Mission of winning global customer products.Turnover of around 500 million USD.Ranked 35th among top pharmaceutical companies in India.

To study the various components of financial statements of Ind-Swift Laboratories Ltd for 5 years and analyze them to identify the financial strength of the company.To analyze the effect of current assets on the companys return and risk.To study the effect of current assets and current liabilities on the profitability and liquidity position of the company.To analyze the working capital position of the company in previous 4 years.To analyze the market performance of the Ind-Swift Laboratories Ltd.To help the management in financial planning of the organization.To suggest remedial measures for the improvement of the companys performance.

OBJECTIVES OF THE STUDY

RESEARCH METHODOLOGYAs the project involves analyses of financial structure, the research is exploratory in nature, covering financial parameters and come of the important ratios to carry out research. There are basically two techniques adopted for obtaining information:Primary Data.Secondary Data.

Primary Data was gathered through personal interviews with the accounts officers.Secondary Data was obtained through the data which was created, recorded or generated by the organization.

To study the various components of financial statements of Ind-Swift Laboratories Ltd for 5 years and analyze them to identify the financial strength of the company

PARTICULARSSALESDEBT-EQUITY RATIONET PROFIT RATIOCURRENT RATIOPROFIT AFTER TAXOUTSIDERS LIABILITESCAPITAL2009581881.03671.29%

1.33:1 times3979 379412527

2010780951.30733.27%

1.74:1 times5796 588322785

20111017681.41852.76%

1.94:1 times8762 819193422

20121320681.23654.51%

2.34:1 times8644 1012873795

20131082701.42(1098.83%)3.00:1 times-11897 1211903927

PARTICULARSGROSS PROFITOUTSIDE LIABILITESSALESFIXED ASSESTS200916.78% 379415818874473201012.51% 5883278095104041201112.76% 81919101768139926201210.26%10128713206818366320131.47%121190108270206371

To analyze the effect of current assets on the companys return and risk.YearsCurrent Assets Current Liabilities Current ratioWORKING CAPITAL200931799238161.33:1 times7983201044592255851.74:1 times19007201166926345291.94:1 times32397201282184351172.34:1 times47067201386306287823.00:1 times57524

To analyze the effect of current assets on the companys return and risk.

To study the effect of current assets and current liabilities on the profitability and liquidity position of the company.

Years Liquid Assets Current Liabilities Ratio 2009 11468 23816 0.48:1 times 2010 20868 25585 0.82:1 times 2011 30371 34529 0.88:1 times 2012 30803 35117 0.88:1 times 2013 41162 28782 1.43:1 times

To analyze the working capital position of the company in previous 4 years.

OPERATING MANAGEMENT

NEEDS IMPROVEMENT

FINANCIAL MANAGEMENT

STRONG

CONCLUSIONFINANCIAL STRUCTURE: Ind Swift Laboratories Ltd is a growing company signifying its presence globally. Ind Swift Laboratories Ltd continues to strengthen its financial position by infusing more funds into the company in order to fund its expansion programs.WORKING RESULTS: Registered a constant growth in its profits because of a brisk demand for its products in market. None of the other competitors has shown such a steady growth. It has recorded the sound current ratio which presents that the company has more current assets to pay of its current liabilities. Ind Swift Laboratories Ltd still enjoys minimum payment period and highest velocity of creditors and debtors.

SOCIAL PERFORMANCE: Corporate Social Commitment and Public Service is at the upmost priority list of the Company. Serious efforts have been directed towards uplifting and transforming the lives of the community and the underprivileged. The Company is also extremely conscious of its duty and responsibility towards the environment. The Company continues to make sincere efforts to promote good health, social development and better environment, through various company programs.

RECOMMENDATIONS

Ind Swift Laboratories Ltd should increase its capacity utilization. It should work at full capacity to minimize its cost of production. With this increase in capacity utilization, the total cost will spread over more units thereby decreasing the per unit cost.Ind Swift Laboratories Ltd should increase its capital employed in business by infusing more share capital instead of borrowing from banks and financial institutions as this will help the company in reducing its interest burden resulting in increase in its profits and hence presenting a sound net worth of company which will ultimately attract more investors in business of company.Ind Swift Laboratories Ltd should increase its sales by improving its marketing strategy.Ind Swift Laboratories Ltd should also reduce its debtors collection period by concentrating more on recoveries as this will ultimately increase the collection of company hence reducing the dependency of company on banks and other financial institutions.

THANK YOU!!

YearsCurrent Assets Current Liabilities Current ratio

200931799238161.33:1 times

201044592255851.74:1 times

201166926345291.94:1 times

201282184351172.34:1 times

201386306287823.00:1 times

YearsCurrent Assets Current Liabilities Current ratio

200931799238161.33:1 times

201044592255851.74:1 times

201166926345291.94:1 times

201282184351172.34:1 times

201386306287823.00:1 times

ParticularsPrevious Year(2012)Current Year(2013)Increase/DecreasePercentage Increase/Decrease

Shareholders Fund823758518128063.41 %

Reserves and surplus783098032320142.57 %

Loan Funds

Secured Funds939131092661535316.35 %

Unsecured Funds737411924455061.70 %

Deferred Liabilities0000

Current Liabilities and Provisions3686330048(6815)(18.49) %

Assets

Fixed assets906441167162607228.76 %

Capital Work-in- Progress /Advances and Construction Stores in hand2964616353(13293)(44.84) %

Capital Spares0000

Investments29332727(206)(7.02) %

Current Assets821848630641225.02 %