PROFILE OF THE COMPANY QUICKLY, MCL, WALAYAR
Name in the company
Malabar Cements Limited.
Date of incorporation
Particular date of beginning
24 kilometers east to Palakkad municipal town
Types of products
1 . Malabar Cements
2 . Malabar Classic
three or more. Malabar Aiswarya
1 ) To provide job opportunities for people
2 . To achieve competitive strength through expense reduction
3. To achieve high efficiency in output.
4. To improve employee comfort
Awards and recognitions
1 . State prize for the best overall performance and energy conservation in 1995 from State Electric power Inspectorate. 2 . MCL is put second between large scale sectors in advertising substantial and sustained effort in air pollution control in 1996 by Kerala Express Pollution Control Board
3. trophy pertaining to second time for lowest crash frequency charge achieved over the last 3 years previous the prize year 1995-1996. 4. the company has been converted with the respect ISO 9002 certified simply by Bureau of Indian Requirements in January 1997 and is the 1st among community sector concrete plant to discover the ISO certification. Special feature
MCL is definitely an ISO 9001-2000 authorized company
REPORT ON LITERATURE
SUMMARY OF FINANCIAL CLAIMS
Financial statements (final accounts) are the last products of the accounting process. Financial transactions are the main sources of monetary information. They are the statements that contain financial information of a company. Financial claims refer to a package of statements including balance sheet, cash flow statement, assertion of maintained earnings, pay for flow statement and cash flow statement. THAT MEANS AND DESCRIPTION
Financial statements are the transactions showing the financial position and result of the business enterprise operations towards the end of the accounting period. Economical statements may be defined as " statements containing summaries of detailed information about the financial position and performance of the enterpriseвЂќ. Financial claims include "balance sheet" and earnings and reduction accounts. Besides there is also statement of stored earnings, account flow statement and earnings statement and so forth NATURE OF ECONOMIC STATEMENTS
1 ) Recorded details
The term documented facts refers to the data drawn from accounting data. Only individuals facts that have been recorded in the books are shown inside the financial statements.
2 . Accounting Principles
In the prep of financial statements certain accounting principles, concepts and events are implemented example: the principle of cost price or market price whichever is less is usually followed intended for the valuation of share. 3. Presumptions
Business transactions will be recorded on the basis of selected assumptions. For example while setting up financial transactions accountant help to make many assumptions like that the value of money continues to be constant. four. Personal common sense
Financial statements are affected by personal wisdom of documentalist. Example machinery valuation can be done by possibly straight line method or perhaps written down value technique, according to the acumen of the curator. OBJECTIVES OF FINANCIAL STATEMENTS
To provide information about the assets and financial obligations of the firm. To provide useful information to several parties considering financial claims. To present accurate and good view from the business.
To estimate the earning capability of the organization.
To determine the debt capacity from the concern.
To make the decision about the near future prospects of the business.
ANALYSIS AND INTERPRETAION OF FINANCIAL STATEMENTS
The evaluation of financial claims provides beneficial information for managerial decisions. Financial research is the means of identifying the strength and weak point...