“RATIO ANALYSIS AND COMPARATIVE BALANCE SHEET OF BHUSHAN STEEL”
PROJECT REPORT
Executive Summary
Every countries economic condition depends upon the performance of its Industry. How the investors are interested in it as it will help in the increment in the flow of foreign exchange. A sound and well performing industry will always attract investors as it will give them a return in a less time period. But it is not easy for a layman to understand or to properly analyze the performance of the company.
To understand the performance of any company we have to do financial statement analysis. Ratio analysis is a widely used tool of financial analysis. It is defined as the systematic use of ratio to interpret the financial statements so
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The two Singal brothers, Sanjay Singal and Neeraj Singal have decided to part ways with Neeraj joining hands with their father and chairman of the group Brij Bhushan Singal.
Neeraj and father BB Singal would control Bhushan Steel & Stripes (BSSL), a BSE-listed company, while elder brother Sanjay would get the unlisted group company Bhushan Power and Steel (BPSL).
The split was basically between the father and the elder son, with younger son, Neeraj sided with his father. Sanjay is now the chairman and managing director of BPSL, according to the updated website.
The two companies are run independently by separate managements. There is no cross-holding between BPSL and BSSL and there isn`t any sharing of business or assets. BB Singal, the founder of the group, was initially into the melting business and had units running in Punjab`s Gobindgarh region. Later, he bought small units in Chandigarh, and in early 1970s, set up units to manufacture wire rods in Chandigarh.
Industry insiders say once elder son Sanjay joined his father, the businesses grew faster. The company upgraded its operations in Chandigarh and even stepped out of its home turf to expand business and started plants at Sahibabad, an industrial area near Delhi, Kolkata, Nepal and Khopoli in Maharashtra.
Though the family agreed to the split, the bone of contention was on the valuation. Bhushan Power and Steel (BPSL) constituted just about 25% of the group`s turnover till a couple of
To analysis financial statements there are various tools. Ratio analysis is one of them. In ratio analysis we establish relationship between two or more items of financial statements and derive some vital information about the business.
Ratio analysis are useful tools when judging the performance of a company by weighing and evaluating the operating performance (Block-Hirt). There are 13 significant ratios that can separate by four main categories,
What are some of the reasons mentioned for the split and what has been the
Baba Ramdev, the popular Yoga Guru in India and Acharya Balkrishna, the company is now worth INR 5,000 Crore. It was
There are various methods or techniques used in analyzing financial statements, such as comparative statement, trend analysis, common- size statement, schedule of changes in working capital, fund flow analysis, cost - volume profit analysis. The ratio analysis is one of the most powerful tools of financial analysis. It is the process of establishing and interpreting various ratios (quantitative relationship between figures and groups of
Ratio analysis acts as powerful tool in analysing and interpreting the financial statements of a company. Ratios help as to find the relationship between different items appearing in the financial statements of a company. They are also used in examining various aspects of financial position and performance and are widely used for
Sole manufacturing facility in Kalwa with 4 regional offices in Delhi, Mumbai, Kolkata and Chennai.
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We have strong business relations with Textile Manufacturers in all the cities of Pakistan; our committed, competitive and reliable manufacturers are the strength of our organization. Quality and Competitive Prices is our benchmark!
Ratio analysis is a useful tool for analyzing financial statements. Calculating ratios will aid in understanding the company’s strategy and in understanding its strengths and weaknesses relative to other companies and over time. They can sometimes be useful in identifying earnings management and in understanding the effect of accounting choices on the firm’s reported profitability and growth. Finally, the ratios help in obtaining a better understanding of a firm’s current profitability, growth, and risk which can improve forecasts of future profitability and growth and estimates of the cost of capital.
Yes, BSB Inc has the competitive advantages and core competencies in the following ways –
Ratio analysis is used to evaluate relationships among financial statement items. The ratios are used to identify trends over time for one company or to compare two or more companies at one point in time. Financial statement ratio analysis focuses on three key aspects of a business: liquidity, profitability, and solvency.
In 1984, BB&Co acquired the entity that became known as Barings Securities Ltd. (BSL) from Henderson Crotiwaite, which operated as a broker-dealer through subsidiaries in the Pacific, Latin America, New York, and London. BSL conducted stock brokerage activities out of London and was incorporated in the Cayman Islands. BSL had several overseas operating subsidiaries, including two in Singapore: Barings Securities (Singapore) Pte Ltd. (BSS), which principally engaged in securities trading, and Barings Futures (Singapore) Pte Ltd. (BFS), which BSL formed to allow Barings to trade on SIMEX. Barings Securities (Japan) Ltd. (BSJ) was the BSL subsidiary that conducted Barings'
Ratio analysis is generally used by the company to provide some information on how the company has performed during that year, so that the parties involved including shareholders, lenders, investors, government and other users could make some analysis before making any further decision towards that particular company. As mentioned by Gibson (1982a cited in British Accounting Review, 2002 pg. 290) where he believes that the use of ratio analysis is such an effective tool to evaluate the company’s finance, and to predict its future financial state. Ratios are simply divided in several categories; these are the profitability, liquidity, efficiency and gearing.