GROUP PROJECT ON NIRMA LTD.
SUBJECT: ACCOUNT FOR MANAGERS
Financial analysis is essential for problem analysis and decision making for any organization. It has been a great pleasure to work on this project and has been an enriching learning experience.
We are very grateful to the director of our college, GLS-ICT (MBA), Mr. Hitesh Ruparel for giving us this valuable opportunity.
We would like to express our heartfelt gratitude towards the professor in-charge Prof. Neha Patel for guiding us. We are indebted to her for her constant co-operation and encouragement.
We would like to thank Nirma Limited Company as we have used its data for the project.
We would also like to thank all others who have directly or indirectly helped us in the project.
We are living in the world of globalization. Even India is developing very fast. In this competitive world, we need extra knowledge, talent and skills to make our position.
In this present condition we are expected to have practical knowledge of accounts or any other subject in business administration programme. Preparing Project Reports is one such means that can introduce us to the practical world. Through this project we learn to analyze, comprehend, evaluate and interpret various components of the financial statements of a particular company.
The aim of this project is to implement the various topics that we have learnt in class to practical learning. This in turn helps us to have a better understanding of the subject “Accounts for Managers”
TABLE OF CONTENTS
|SR. NO. |TOPIC |PAGE NO. | |1 |Introduction to the company |5 | |2 |Correlation between Balance sheet, profit and loss account and cash flow statement |7 | |3 |Accounting principles |13 | |4 |Generally accepted accounting principles |16 | |5 |Fixed assets valuation policies |18 | |6 |Revaluation or disposal of fixed assets |19 | |7 |Depreciation policy |21 | |8 |Inventory valuation |22 | |9 |Investment valuation |24 | |10 |Bibliography |27 |
INTRODUCTION OF THE COMPANY
Nirma is one of the names which is instantly recognized as a true Indian brand which took on mighty multinationals and rewrote the marketing rules to win the heart of princess i.e. customers.
Nirma, the proverbial “Rags of Riches” saga of Dr. Karshanbhai Patel, is a classic example of the success of entrepreneurship in the face of stiff competition, starting as a one man operation in 1969, today has about 14000 employee-base and an annual turnover above Rs25000 crores.
India is one of the largest consumer economies, with burgeoning middle-class i.e. in such a widespread & diverse market place, Nirma aptly concentrates all its efforts towards creating and building a strong consumer preference towards its ‘value for money’ products.
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