Papers by Dr Hema Venkata Siva Sree Ch
IOSR Journal of Business and Management
In India, after agriculture, small business is the second largest employer of human resources. MS... more In India, after agriculture, small business is the second largest employer of human resources. MSMEs constitute more than 80 percent of the total number of industrial enterprises and support industrial development, 40 per cent of industrial output, 80 per cent of employment in the industrial sector, 45 per cent of value added by the manufacturing sector and 40 per cent of total exports. In this paper an attempt is made to explain various schemes implemented by Ministry of Micro, Small and Medium Enterprises, Government of India for the promotion of MSMEs in India including general schemes, schemes for Khadi and Village Industries Sector, schemes for Coir Sector and schemes implemented by MSME Development Commissioner.
Journal of Critical Reviews, 2020
Financial Management is an important management activity which deals with the planning and contro... more Financial Management is an important management activity which deals with the planning and controlling of the Business organisation's funds. A good decision of working capital or short-term investment decision ensures proper liquidity and profitability of any business organisation. For any business firm inadequate as well as surplus working capital situations are not good. Hence, a firm should see that there will be adequate working capital level. This equally applies to MSMEs. During the last five Decades MSME sector had become crucial in Indian Economy. In recent days, MSME sector has become one of the strong pillars of Indian Economy. Nearly thirty percent of GDP comes from this sector. Majority of micro and small enterprises in Andhra Pradesh state of India are either maintaining excess levels of working capital or suffering from shortage of working capital. Under this backdrop, present study namely working capital turnover in selected micro and small enterprises in Andhra Pradesh state in India is done to assess working capital turnover in these enterprises.
Asian Journal of Multidimensional Research (AJMR), 2019
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is made to do Profitability Analysis of Naga Hanuman Solvent Oils Private Limited. Naga Hanuman Solvent Oils Private Limited is a thirty years old Enterprise located in West Godavari District of Andhra Pradesh state in India. It is engaged in Production, processing and preservation of meat, fish, fruits, vegetables oils and fats. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Return on Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder‟s equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed.
International Journal of Research in Engineering, IT and Social Sciences, 2019
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is madeto do Profitability Analysis of Sri Nagavalli Solvent Oils Private Limited. Sri Nagavalli Solvent Oils Private Limited is a Small Enterprise located in Srikakulam district of Andhra Pradesh state in India. Sri Nagavalli Solvent Oils Private Limited is the Supplier and manufacturer of rice bran oil. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Return on Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder’s equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed.
Research Journal of Humanities and Social Sciences, 2018
A well designed Working Capital Management decision or short term investment decision ensures pro... more A well designed Working Capital Management decision or short term investment decision ensures proper liquidity and profitability trade-off in any business organization. In this paper, an attempt is made to examine working capital management in Bharat Cashew Manufacturing Company. This company is a Micro Enterprise belongs to Andhra Pradesh state of India. This enterprise is located in vetapalem, Prakasam District. Bharat Cashew Manufacturing Company was established in 1949. It is engaged in the business of purchase and sale of raw cashew nut and manufacturing of cashew kernel. This Micro Enterprise has been doing cashew exports since inception. In this paper, an attempt is made to analyze the structure and composition of the working capital during the period of study covering ten years from 2006-07 to 2015-16. Attempt is also made to assess the liquidity position of the organization, to examine gross working capital turnover, to study net working capital turnover and to examine the efficiency in utilization of various current assets. Chi-square test is used to test the hypotheses formed.
Asian Journal of Multidimensional Research (AJMR), 2018
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is made to do Profitability Analysis of Nagas Elastomer Works. Nagas Elastomer Works is a Micro and Proprietary Enterprise in Andhra Pradesh state of India. Nagas Elastomer Works was started in 2002. This Micro and Proprietary Enterprise is manufacturing Retread Rubber. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Returnon Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder‟s equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed.
International Journal of Scientific Research and Review, 2018
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is made to do Profitability Analysis of Raghunath Dye Chem Private Limited. Raghunath Dye Chem Private Limited is a Small Enterprise located in Kurnool district of Andhra Pradesh state in India. It has been manufacturing and supplying optical whitener products to the Global market for the Paper, Textile and Detergent industries. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Return on Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder's equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed.
Journal of Emerging Technologies and Innovative Research (JETIR) , 2018
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is made to do Profitability Analysis of Kristna Engineering Works. Kristna Engineering Works is one of the leading manufacturers and exporters from India engaged in the manufacturing of Sugar Mill Rollers, Blank Shells, Mill Spares, Crane Preparatory Devices and spares for sugar and for other allied industries. It is a small and partnership enterprise located at Vijayawada of Krishna district of Andhra Pradesh. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Return on Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder's equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed. Index Terms-Financial Expenses Ratio, Net Profit Margin, Operating Profit Margin, Return on Assets (ROA), Return on Capital Employed (ROCE), Selling Expenses Ratio.
International Journal of Research in Engineering, IT and Social Sciences, 2018
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is made to do Profitability Analysis of Sri Srinivasa Spun Pipes Company. Sri Srinivasa Spun Pipes Company is a Micro and Proprietary Enterprise belongs to Andhra Pradesh state of India. This enterprise is located in Renigunta of Chittoor district. Sri Srinivasa Spun Pipes Company is manufacturing RCC spun pipes and Pre-Stressed Cement Concrete (PSCC) Poles. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Return on Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder's equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed.
International Journal of Research in Engineering, IT and Social Sciences, 2018
Owners and Managers are naturally interested in financial soundness of their Business Enterprise.... more Owners and Managers are naturally interested in financial soundness of their Business Enterprise. Financial soundness can be measured in terms of operating efficiency. Operating efficiency of an enterprise means its ability to earn adequate returns to owners and depends ultimately on the profits earned by the enterprise. The profitability of an enterprise is measured by profitability ratios. In this paper, an attempt is made to do Profitability Analysis of Maitreya Electricals Private Limited. Maitreya Electricals Private Limited is a small enterprise located in Andhra Pradesh state of India. This company is a manufacturer and repairer of Electrical Transformers. Its head office is located in Vijayawada of Krishna district. It was established in the year 1990. Profitability analysis was done through analyzing various profit margins, Profitability ratios relating to investments and Profitability ratios relating to various expenses. Profit margins covered include Gross Profit Margin, Operating Profit Margin and Net Profit Margin. Profitability ratios relating to investments include Return on Assets (ROA), Return on Capital Employed (ROCE) and Return on Share holder's equity (ROSE). Profitability ratios relating to various expenses include Cost of Goods sold Ratio, Operating Expenses Ratio, Administrative Expenses Ratio, Selling Expenses Ratio and Financial Expenses Ratio. Chi-square test is used for testing the hypotheses formed.
Asian Journal of Multidimensional Research (AJMR), 2018
Capital structure refers to the combination of debt and equity. The financial manger has to strik... more Capital structure refers to the combination of debt and equity. The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Radhika Vegetable Oils Private Limited. Radhika Vegetable Oils Private Limited is an Indian unlisted private Enterprise in the state of Andhra Pradesh. It was located at Garividi of Vizianagaram District. It is engaged in production, extraction and delivery of palm oil to major Vanaspati makers in India. This Small Enterprise has an annual turnover of Rs.2719.51 lakhs and total Assets of the company are Rs.993.4 lakhs as per 2015-16 accounts. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
ZENITH International Journal of Multidisciplinary Research, 2018
Finance decision is one of the important decisions of financial management in any Enterprise. Cap... more Finance decision is one of the important decisions of financial management in any Enterprise. Capital structure refers to the combination of debt and equity. The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Sri Nagavalli Solvent Oils Private Limited. Sri Nagavalli Solvent Oils Private Limited is a Small Enterprise located in Srikakulam district of Andhra Pradesh state in India. Sri Nagavalli Solvent Oils Private Limited is the Supplier and manufacturer of rice bran oil. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
Naga Hanuman Solvent Oils Private Limited is a thirty years old company located at Eluru, which i... more Naga Hanuman Solvent Oils Private Limited is a thirty years old company located at Eluru, which is a head quarter of West Godavari District of Andhra Pradesh. Naga Hanuman Solvent Oils Private Limited is a Private company incorporated on 10 June 2004. It is engaged in Production, processing and preservation of meat, fish, fruits, vegetables oils and fats. Naga Hanuman is currently exporting about 7500 tons of frozen sea foods consisting of shrimps and Fishes to Asian, Middle East, Europe and USA destinations and enjoys very good reputation among its customers. In this paper an attempt is made to examine and analyse working capital Management of Naga Hanuman Solvent Oils Private Limited. In this paper structure and composition of working capital in the enterprise for a period of ten years is analysed. Current ratio, quick ratio, super quick ratio, gross working capital turnover ratio, net working capital turnover ratio, cash turnover ratio, inventory turnover ratio, debtors turnover ratio and average collection period are calculated for the study period. Hypotheses are tested using chi square test.
International Journal of Research in Engineering, IT and Social Sciences, 2018
Capital structure refers to the combination of debt and equity. The financial manger has to strik... more Capital structure refers to the combination of debt and equity. The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Power Oxides Private Limited. Power Oxides Private Limited is a small private Enterprise located in Guntur district of Andhra Pradesh state in India. It is involved in Mining of non-ferrous metal ores, except uranium and thorium ores. This Enterprise has an annual turnover of Rs.104.46 lakhs. The total Assets of the company are Rs.138.9 lakhs and the as per 2015-16 annual accounts. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
Journal of Emerging Technologies and Innovative Research (JETIR), 2018
Capital structure refers to the combination of debt and equity. The financial manger has to strik... more Capital structure refers to the combination of debt and equity. The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Laxmi Vinay Poly Print Packs Private Limited. Laxmi Vinay Poly Print Packs Private Limited is a Micro Enterprise located in Cuddapah district of Andhra Pradesh state in India. It is involved in Manufacturing of various bags and in printing. This Enterprise was started in the year 1983. This Enterprise has an annual turnover of Rs.123.90 lakhs as per annual accounts of 2015-16. The total Assets of the company are Rs.131.8 lakhs. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
RESEARCH REVIEW International Journal of Multidisciplinary, 2018
The financial manger has to strike a balance between various sources of funds so as to maximize r... more The financial manger has to strike a balance between various sources of funds so as to maximize return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximize the owner's wealth of any Enterprise. In this paper, an attempt is made to analyze the capital structure in Maitreya Electricals Private Limited. Maitreya Electricals Private Limited is a small enterprise located in Andhra Pradesh state of India. This company is a manufacturer and repairer of Electrical Transformers. Its head office is located in Vijayawada of Krishna district. It was established in the year 1990. This Enterprise has an annual turnover of Rs. 221.33 lakhs as per 2015-16 annual accounts. The total assets of the company are Rs. 192.3lakhs and total liabilities are Rs. 192.3lakhs. In this paper composition of capital structure in the enterprise for a period of ten years is analyzed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
International Journal of Research and Analytical Reviews (IJRAR), 2018
Capital structure refers to the combination of debt and equity. The financial manger has to strik... more Capital structure refers to the combination of debt and equity. The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Sri Rama Chandra Paper Boards Limited. Sri Rama Chandra Paper Boards Limited is one of the leading companies in the paper making sector in the Godavari belt of Andhra Pradesh. It is located at Yeditha. It is involved in Manufacturing of paper and paper products. This Enterprise has an annual turnover of Rs. 5943.99 lakhs as per 2015-16 annual accounts. The total assets of the enterprise are 3062.9 lakhs. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
Journal of Emerging Technologies and Innovative Research (JETIR), 2018
Finance decision is one of the important decisions of financial management in any Enterprise. Cap... more Finance decision is one of the important decisions of financial management in any Enterprise. Capital structure refers to the combination of debt and equity. The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Tulasi Seeds Pvt. Ltd. Tulasi Seeds Pvt. Ltd. is a flagship company in Tulasi group of companies. Tulasi Seeds Pvt. Ltd. is producing seeds. This was established in the year 1992 near Guntur in the state of Andhra Pradesh. Since then, the company has been focusing on research in cotton hybrid seeds and today TSPL stands among the top four cotton seed companies in India. This Company has an annual turnover of Rs. 16600.66 lakhs. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
International Journal of Scientific Research and Review, 2018
The financial manger has to strike a balance between various sources of funds so as to maximise r... more The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise
without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the
owner’s wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Bharat Cashew
Manufacturing Company. Bharat Cashew Manufacturing Company is a Micro and Partnership Enterprise belongs to
Andhra Pradesh state of India. It is engaged in the business of purchase and sale of raw cashew nut and manufacturing
of cashew kernel. This Micro and Partnership Enterprise has an annual turnover of Rs. 68.78lakhs as per 2015-16 annual
accounts. The total assets of the Micro and Partnership Enterprise are Rs. 251.6 lakhs as per 2015-16 annual accounts.
In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was
also done. Debt- Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio,
Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used
for testing Hypotheses.
International Journal of Research in Engineering, IT and Social Sciences, 2018
The financial manger has to strike a balance between various sources of funds so as to maximise r... more The financial manger has to strike a balance between various sources of funds so as to maximise return of an Enterprise without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the owner's wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Nagas Elastomer Works. Nagas Elastomer Works is a Micro and Proprietary Enterprise in Andhra Pradesh state of India. Nagas Elastomer Works was started in 2002. This Micro and Proprietary Enterprise is manufacturing Retread Rubber. It has a man power of eight. It procures raw materials from Kerala, Tamil Nadu and Telangana. The total assets of the enterprise are Rs. 129.9 lakhs and total liabilities are Rs. 129.9 lakhs as per 2015-16 annual accounts. The turnover of this Company is 68.12 lakhs. In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was also done. Debt-Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio, Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used for testing Hypotheses.
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Papers by Dr Hema Venkata Siva Sree Ch
without affecting risk composition in the business. An optimal capital structure is very much essential to maximise the
owner’s wealth of any Enterprise. In this paper, an attempt is made to analyse the capital structure in Bharat Cashew
Manufacturing Company. Bharat Cashew Manufacturing Company is a Micro and Partnership Enterprise belongs to
Andhra Pradesh state of India. It is engaged in the business of purchase and sale of raw cashew nut and manufacturing
of cashew kernel. This Micro and Partnership Enterprise has an annual turnover of Rs. 68.78lakhs as per 2015-16 annual
accounts. The total assets of the Micro and Partnership Enterprise are Rs. 251.6 lakhs as per 2015-16 annual accounts.
In this paper composition of capital structure in the enterprise for a period of ten years is analysed. Leverage analysis was
also done. Debt- Equity ratio, Proprietary Ratio, Solvency Ratio, Fixed Assets to Net worth Ratio, Fixed Assets Ratio,
Current Assets to Proprietary Ratio and Interest Coverage Ratio are calculated for the study period. Chi-square test is used
for testing Hypotheses.