Study on Financial Performance Analysis of Milma
EXECUTIVE SUMMARY
Project entitled “A Project on Financial Performance Analysis at Milma ERCMPU Edappally” is conducted to analyze the financial performance of Milma. It helped in knowing the financial efficiency and weakness of the concern and also to draw inference about the present position of the company. Kerala – Cooperative Milk Marketing Federation (KCMMF), popularly called Milma was established in April 1980 with its head office at Thiruvananthapuram for the successful implementation of the operation flood (a dairy programme launched in 1970 under the aegis of National Dairy Development Board (NDDB)). The study is done for the period of five financial years starting from 2007 – 1008 to 2011 -2012. For data collection both primary and secondary sources are used. Data which are collected through direct interaction with the finance staff forms primary data and it is analyzed based upon predetermined objectives. The data collected through company broachers and annual reports are the secondary data. The study conducted used descriptive research design and mathematical tool like ratio analysis to analyze the data collected. Bar graphs are used to give the graphical representation of data analyzed. The ratio analysis of the company shows an increasing trend or a favorable trend during the period of this study. It is showing a trend of growth, both in respect of turnover and profit.
From the study it is found that the company is growing year by year in all aspects. But there is no scope for improvement in certain areas.
CHAPTER I
INTRODUCTION
Financial statements refer to formal original statements prepared by a business concern to disclose its financial information. These are prepared for the purpose of presenting a periodical review or report of the progress made by the concern. It shows the status of the investment in the business and results achieved during the accounting period.
Financial statements include mainly two statements which the accountant
Project entitled “A Project on Financial Performance Analysis at Milma ERCMPU Edappally” is conducted to analyze the financial performance of Milma. It helped in knowing the financial efficiency and weakness of the concern and also to draw inference about the present position of the company. Kerala – Cooperative Milk Marketing Federation (KCMMF), popularly called Milma was established in April 1980 with its head office at Thiruvananthapuram for the successful implementation of the operation flood (a dairy programme launched in 1970 under the aegis of National Dairy Development Board (NDDB)). The study is done for the period of five financial years starting from 2007 – 1008 to 2011 -2012. For data collection both primary and secondary sources are used. Data which are collected through direct interaction with the finance staff forms primary data and it is analyzed based upon predetermined objectives. The data collected through company broachers and annual reports are the secondary data. The study conducted used descriptive research design and mathematical tool like ratio analysis to analyze the data collected. Bar graphs are used to give the graphical representation of data analyzed. The ratio analysis of the company shows an increasing trend or a favorable trend during the period of this study. It is showing a trend of growth, both in respect of turnover and profit.
From the study it is found that the company is growing year by year in all aspects. But there is no scope for improvement in certain areas.
CHAPTER I
INTRODUCTION
Financial statements refer to formal original statements prepared by a business concern to disclose its financial information. These are prepared for the purpose of presenting a periodical review or report of the progress made by the concern. It shows the status of the investment in the business and results achieved during the accounting period.
Financial statements include mainly two statements which the accountant
Bibliography: * I.M Pandey, Financial management,Vikas Publications, 2010. * C.R. Kothari, Research Methodology, New age International, 2008. * S. P.Jain, Financial management, Tata McGraw Hill Education Private Limited, 2011. * Annual Report of Milma ERCMPU (2008 – 2012). * Company Brochure, Milma ERCMPU.