10-08-2013, 02:14 PM
FINANCIAL ANALYSIS OF MERIDIAN MEDICARE LIMITED
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WHAT IS FINANCIAL MANAGEMENT
Financial management is that managerial activity which is concerned with the planning and controlling of firm’s financial resources.
Finance is one of the foundations of all kind of economic activities.
Finance is the lifeblood of business.
The financial management study deals with the process of procuring necessary financial resources and their judicious use with a view to maximizing the value of the firm.
GOALS OF FINANCIAL MANAGEMENT:
Maximize the value of firm to its equity shareholders.
Maximization of Profit
Maximization of return of equity (defined as equity earnings/net worth)
Maintenance of liquid assets in the firm
Building up of adequate resources for financing growth and expansion.
COMPANY PROFILE AND OVERVIEW
Meridian Medicare Ltd. is one of the leading Pharmaceutical Company in HP and is in service of society by manufacturing marketing quality medicines. At the very onset the products were manufactured and marketed by Meridian Laboratories Pvt. Ltd. established in the year 1987. Sh. Vinod Gupta redefined the pharmaceutical business giving a break to the birth of new unit by the name – Meridian Medicare Ltd. in the year 2002.
HISTORY OF THE COMPANY
Meridian is in the service of society by manufacturing and marketing quality medicines since 1988.
Shri Vinod Gupta who has 25 years experience of marketing pharmaceutical products and 18 years experience in manufacturing quality medicines promoted the Company.
Initially the products were manufactured and marketed by the name of Meridian Laboratories Pvt. Ltd established at Saproon (solan) in the year1987.
The new unit has been established at Shamti, 5 Km. from Solan, on Rajgarh Road by the name of Meridian Medicare Ltd in the year 2002.
NEED FOR STUDY
The ratio analysis is most powerful tools of financial analysis. Mostly people use ratios to determine those financial characteristics of the firm in which they are interested with the help of ratios; one can determine:
The ability of firm to meet its current obligation.
To extent to which the firm has used its long term solvency by borrowing funds
The efficiency with which the firm is utilizing its assets in generating sales revenue
The overall Operating efficiency and Performance of the firm.
SCOPE OF THE STUDY
This project is as a reference guide or as a source of information. It gives the idea about the financial analysis of a firm.
This study aims to study the liquidity position of firm. Ratio analysis has been used to analyze the financial Position of a firm.
It deals with analysis and interpretation of data collected through the source Primary and Secondary data. Graphs, Diagrams and Tabulation Methods are used to analyze and interpret the data collected.