30-09-2013, 04:53 PM
MANAGEMENT OF WORKING CAPITAL AND EXPENSE ANALYSIS AT PAM PAC MACHINES PVT. LTD
MANAGEMENT OF WORKING.pdf (Size: 401.3 KB / Downloads: 63)
Pam-Pac Machines Pvt. Ltd.
Pam-Pac Machines Private Limited, a joint venture company between Associated
Capsules Group, India and IWK Verpackungstechnik, Germany has a wide range of
machinery products for packaging solutions for Pharmaceutical and FMCG Industries. It
was established in 1989 and started operating in 1990. Its range of products includes
automatic blister packaging machines and highly sophisticated cartooning machines.
Pam-Pac ranges of Blister Packing & Cartooning machines have been specially
developed to add value to the product with respect to packaging innovation and to
optimize the investment in machine and its change-parts.
Pam-Pac machines offer you the best combination of features, level of automation and
flexibility. With a high output to price ratio, the Blister packing range of machines are
reliable and upgradeable to enhance output and level of automation. High speed, versatile
machines for PVC and Alu/Alu blisters also form a part of the range of blister packing
machines. A Range of semi-automatic and fully automatic cartooning machines, with
continuous motion are suitable for a wide range of products including non-rigid products,
small batch quantities.
MISSION
It is their intention to become a global market leader in capsules and related
machinery and to concentrate on the health care business as their core area for growth.
They will use our technical expertise to create wealth in other parts of the world by
becoming a Transnational Company .
ASSOCIATED CAPSULES GROUP
Associated Capsules Group (ACG) has been serving the pharmaceutical industry for four
decades. They are one of the largest manufacturers of hard gelatin capsules in the world
comprising of ten group companies including subsidiaries in USA and Indonesia, ACG
hasmmanpowersstrengthoofoovero1200.
ACG's world-class technology provides the complete package of solutions, from empty
capsules to granulation and coating, to capsule filling, packaging films blister packing
and carton packing. Their products are exported to over 40 countries. They have installed
over 12,000 machines worldwide.
ACG is committed to Research and Development for continuous delivery of innovative
solutions. Their research teams continuously strive to develop innovative technology to
give their customers the competitive edge. SciTech Center, the group's 50,000-sq. ft. R &
D Center in the heart of Mumbai is a government recognized research institution. Over
the last 25 years, it has been actively engaged in research in the areas of dosage form
development including controlled release, pharmaceutical engineering
PAM PHARMACEUTICAL
The flagship engineering company of ACG Worldwide, with over two decades of
international experience, PAM Pharmaceutical manufactures the world's widest range of
capsule sorting, filling, polishing, inspection, handling and de-blistering machines.
Manufacturing the entire gamut of machines for capsule filling operations for a total
solution makes it the only one of its kind in the world.
Conforming to ISO 9001 standards, the product range includes automatic, semi-automatic
and manually operated machines to meet different production and commercial
requirements.
A sophisticated plant at Mumbai with a dedicated R&D team, continuous improvement in
quality and productivity, a history of innovation and strong customer support has
provided a technological edge over competitors and has guaranteed success with over
12,000 machines installed worldwide.
ACL
MBA (Finance)
PACKAGING FILMS DIVISION
A pioneer in introducing PVDC coated PVC films in India, the Associated Capsule
limited - Packaging Films Division provides the complete range of high quality barrier
packaging films for blister packing. It is the only unit in India, which manufactures rigid
substrate PVC films as well as moisture barrier PVDC coatings and laminations on the
film, ensuring total control on quality.
Aluminum Cold Forming Blister Foil and pinhole-free lidding foil is also marketed in
collaboration with VAW, Germany. For extremely hygroscopic formulations, a W&H
laminator manufactures Triplex PVC/PE/PVDC films. PVC/ACLAR films are laminated
in collaboration with world leader Honeywell, USA. Aluminum Cold Forming Blister
Foil is also marketed in collaboration with VAW, Germany.
Finance Department
The Finance department deals in the best utilization of the available financial resources
irrespective of the constraints. It is key department in any organization and plays major
role in company s success and failure. All other departments whether HR, Marketing or
Production revolves around the Finance dept only. Finance doesn t only means currency
notes or money, but any asset or liability in the company is a part of finance as the money
is invested in all these and the profitability of the company is measured after considering
all the factors.
The finance department makes the resources available to different departments and at the
end of the year it analyze the results received from utilization of those available
resources. It also analysis the opportunities to make best utilization of resources to
increase the profitability of the company by maintaining the liquidity and at the minimum
risk.
SCOPE
The management of working capital helps us to maintain the working capital at a
satisfactory level by managing the current assets and current liabilities. It also helps to
maintain proper balance between profitability, risk and liquidity of the business
significantly.
By managing the working capital, current liabilities are paid in time. If the firm makes
payment to it creditors for raw material in time, it can have the availability of raw
material regularly, which doesn t cause any obstacles in production process. Adequate
working capital increases paying capacity of the business but the excess working capital
causes more inventory, increases the possibility of delay in realization of debts.
On the other hand, absence of adequate working capital leads to decrease in return on
investment. The goodwill of the firm is also adversely affected due to the inability to pay
current liabilities in time.
MANAGEMENT OF WOKING CAPITAL
With reference to working capital table-1, in the year 2002-03 and 2003-04 the
requirement of the working capital increases in the month of March. The main reason for
increase is high sales and more receivables in last month. The sundry debtors are
increasing due to the high sales in the month of March resulting to high average
collection period, which has been analyzed under Debtor analysis. In the year 2002-03
there is also an increase in advances to employees for foreign travel in the month of
March. There was also increase in the deposits in excise and other assets.
But in the year 2004-05, the working capital has decreased in the month of March due to
decrease in current assets by 0.86% and increase in current liabilities by 6.1%. The
current assets are decreasing due to the decrease in inventory, cash & bank and other
assets, though there is an increase in the sundry debtors. The current liabilities are
increasing due to the increase in creditors and provisions.