Project on Working Capital of Textile Company

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EXECUTIVE SUMMARY

The project has been under taken under as the part of master of business administration course as per the direction of Karnataka university dharwad. The second year MBA students will take part in this project were the summer inplant project for the period of two months and the project is related to finance and the topic of this project is “The study of working capital management” The Gadag co-operative textile mill ltd established in 1972 by late shri.K.H.Patil at Hulkoti in Gadag district. It is producing main product as yarn. The company started with a production cost of RS.220lakhs.It is started producing yarn in the year 1973. A G.C.T.M has an arrangement of different department of the dependent parts of functions and their interrelation in the structure form to provide the necessary efforts of groups of individuals will be directed towards a common objective. So as to identify the problems of such a title and give suggestions and conclusions. In addition to this concept studying the over all organization role of different department functions of their respective departments, procedures and policies.

The project is mainly focuses on the industry profile, company profile, SWOT analysis, annual report and about working capital and ratios. this project studies different department at the Gadag co-operative textile mill ltd. The functions of each department and the organization in the company along with it covers the duties and responsibilities of all the staff members type of decision making followed by the mill and it also includes quality policy export oriented unit etc of the mill.

DESIGN OF THE STUDY

Title of the study
“To study on working capital management” at The Gadag Co-operative Textile Mill Ltd. Hulkoti”

OBJECTIVES OF THE STUDY:
1) To study the working capital management.
2) To know the sources of working capital.
3) To study the different components of working capital of the company. 4) To calculate the operating cycle of an organization.
5) To calculate the working capital of an organization.
6) To study the liquidity position of the company with the help of ratios.

METHODALOGY

PRIMARY DATA: The information collected from personal interaction with manager and other staffs

SECOUNDRY DATA: The annual report of the company and company website

INDUSTRY PROFILE

The Indian Textile Industry occupies an important place in the Economy of the Country because of its contribution to the Industrial Output, Employment Generation and Foreign Exchange Earnings. At present, the contribution of the textile Industry to GDP is about 4 percent. The textile industry provides direct employment to about more than 35 million people and is the second largest employment provider in India next to agriculture. The contribution of this industry to gross export earnings is about 31% of the country.

The Textile Industry is a self-reliant industry from the production of raw materials to the delivery of final products with considerable value addition at each stage of processing. The industry was delicensed in 1991 and under the current policy no prior government approval is necessary to set up textile mills. The per capita cloth availability in the country has increased from 24.1 square meters in 1991 to 30.7 square meters in 2000-01.The textile sector including the garment sector has a continual increase in the FDI inflow from Rs.80.99 million to Rs.234.73million. From growing its own raw material (cotton, jute, silk and wool) to providing value added products to consumers (fabrics and garments), the textile industry covers a wide range of economic activities,...
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