alim carried out a working capital appraisal, using premier food as a case study

7/31/2019 ALIM carried out a Working Capital Appraisal, using Premier Food as a Case Study

1/11

I@KM@K ^NJ@@I @B GQ^FKA^^ HKM BFKHKNA

Hnn`qk}fkc hkm Bfkhkna

S`wlfkc nhuf}hi huuwhf~hi

^hujfa Hifd) H=5>723=

58/56/7588

+


2/11

Hnn`qk}fkc hkm Bfkhkna 7588

^hujfa Hifd) H5=5>723= Uhca 8

N`k}ak}

Fk}w`mqn}f`k +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 7

8+ Fdu`w}hkna `b s`wlfkc nhuf}hi ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 7

7+ Ma}awdfkfkc }ja iarai `b s`wlfkc nhuf}hi }` ga dhfk}hfkam +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ >

>+ Azhduia `b Uwadfaw B``m Uin+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 1

N`kniq~f`k +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 3

Hkkaza 8 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ :


3/11



Fk}w`mqn}f`k

S`wlfkc nhuf}hi dah~qwa~ j`s dqnj fk ifxqfm h~~a} h n`duhkv jh~ }` wqk f}~ mhv$}`$mhv

ùawh}f`k~+ ]ja wh}f`khia gajfkm }jf~ f~ }` huuwhf~a g`}j }ja ka} fkra~}dak} fk ~j`w}$}awdh~~a}~ `b h n`duhkv hkm f}~ abbfnfaknv+ S`wlfkc nhuf}hi wh}f` *abbfnfaknv wh}f`~& f~ n`dd`kiv

mabfkam h~ }ja mfbbawakna ga}saak nqwwak} h~~a}~ hkm nqwwak} ifhgfif}fa~+ Nqwwak} h~~a}~

fkniqma fkrak}`wfa~) }whma wanafrhgia~ hkm nh~j sjfia nqwwak} ifhgfif}fa~ f~ n`du`~am `b }whma

uhvhgia~ hkm ghkl `rawmwhb}~+ J`saraw) }ja n`du`~f}f`k `b s`wlfkc nhuf}hi mauakm~ `k }ja

kh}qwa hkm ~fa `b }ja gq~fka~~+ B`w fk~}hkna) dhkqbhn}qwfkc n`duhkfa~ sfii ~fckfbfnhk}iv

fkra~} fk bfkf~jam c``m~) s`wl fk uw`cwa~~ hkm whs dh}awfhi~ ~aiifkc }jafw c``m~ `k nwamf} hkm

fknwah~fkc ~qg~axqak}iv }whma wanafrhgia~+ Wa}hfi n`duhkfa~) `k }ja `}jaw jhkm) sfii }vufnhiiv

~aii }jafw c``m~ b`w nh~j jìmfkc h ~fkcia b`wd `b fkrak}`wfa~+ Dhkv ~awrfna gq~fka~~a~ ifla

hfwifka n`duhkfa~ *Ah~vOa}) Wvhkhfw& ùawh}a sf}j`q} fkrak}`wfa~+

S`wlfkc nhuf}hi nhk ga u`~f}fra `w kach}fra mauakmfkc `k j`s dqnj mag} }ja n`duhkv f~

jìmfkc+ Fb }ja n`duhkv~ h~~a}~ hwa d`wa }jhk f}~ ifhgfif}fa~) }jak s`wlfkc nhuf}hi f~ u`~f}fra+

]jh} dahk~ }jh} }ja n`duhkv f~ hgia }` uhv `bb f}~ ~j`w}$}awd i`hk~) f} jh~ }ja u`}ak}fhi b`w

cw`s}j hkm nhk fduw`ra ùawh}f`k~ *H}wfii hkm DnIhkav) 7588&+ ]jf~ f~ c``m b`w ~}hlajìmaw~

*fkra~}`w~ hkm ~quuifaw~& h~ f} f~ h lav fkmfnh}`w `b }ja n`duhkv~ qkmawivfkc ùawh}f`khi

abbfnfaknv) sja}jaw f} s`w}j fkra~}fkc fk `w k`}+ Gq} fb nqwwak} ifhgfif}fa~ aznaam nqwwak}

h~~a}~) }jak s`wlfkc nhuf}hi f~ kach}fra hkm f} f~ k`} c``m b`w fkra~}`w~+ ]jf~ dhv ga mqa }` h

fk~qbbfnfak} bqkm~ *nh~j& wa~qi}am fk df~dhkhcadak} `b nwamf} `w h manwah~a fk ~hia~ rìqda~+

H ihnl `b nhuf}hi wa~`qwna~ dfcj} jhduaw n`duhkv~ azuhk~f`k hkm maraiùdak} iahmfkc f}

}` ghklwqu}nv+ ]jawab`wa) f} f~ rf}hi b`w n`duhkfa~ }` dhkhca }jafw s`wlfkc nhuf}hi uwùawiv

h~ f} f~ h lav mwfraw `b cw`s}j hkm ~qnna~~+ Mad`k~}wh}fkc }ja fdu`w}hkna `b s`wlfkc nhuf}hi

dhkhcadak} hkm ma}awdfkh}f`k f~ }ja uqwu`~a `b }jf~ a~~hv+ Hk azhduia `b h n`duhkv

*Uwadfaw B``m Uin& sfii ga bqw}jaw }hlak }` fiiq~}wh}a `qw hwcqdak}h}f`k+

8+ Fdu`w}hkna `b s`wlfkc nhuf}hiFk } mhv~gq~fka~~ s wim) dhkhcfkc s wlfkc nhuf}hi f~ nwqnfhih~ s`wlfkc nhuf}hi jaiu }ja bfwd dah~qwa

bfkhknfhi jahi}j `b f}~ gq~fka~~? }ja ifxqfmf}v) h~~a} q}fif~h}f`k hkm nhuf}hi ~}wqn}qwa `b hn`duhkv+ Hk fkabbfnfaknv `b s`wlfkc nhuf}hi n`qim iahm }` gq~fka~~ bhfiqwa hbban}fkc

mwhdh}fnhiiv bfkhknfhi jahi}j `b }ja bfwd+ Df~dhkhcadak} `b s`wlfkc nhuf}hi nhk hi~` wa~qi}

fk ifxqfmh}f`k `b h gq~fka~~ qkf} hkm }anjkfnhi fk~ìraknv+ ]jf~ f~ iflaiv }` nwah}a azna~~fra `w

fk~qbbfnfak} s`wlfkc nhuf}hi }jh} fkniqma~ kach}fra n`k~axqakna~ b`w }ja bfwd+

Bfw~} `b hii) f} dhv gan`da jhwmaw b`w }ja n`duhkv }` qkmaw}hla ihwca$~nhia uwòan}~ mqa }`

fk~qbbfnfak} bqkm~ `w h ihnl `b ifxqfmf}v+ ]jf~ dhv jhduaw cw`s}j hkm h}}whn}fra nwamf}

ùu`w}qkf}fa~ fk }ja bfwd+ Fduiadak}h}f`k `b ùawh}fkc uihk~ h~ saii h~ mhv$}`$mhv

n`ddf}dak}~ dhv hi~` ga n`duw`df~am hkm ~qg~axqak}iv }ja gq~fka~~ uw`bf} c`hi~ dhv

k`} ga da} *H}wfii hkm DnIhkav) 7588&+ H ihnl `b s`wlfkc bqkm~ dhv hi~` wa~qi} fk fkabbfnfaknv

hkm df~q~a `b bfzam h~~a}~ wamqnfkc }ja wh}a `b wa}qwk `k fkra~}dak}~ fk }ja uw`na~~+ Bfkhiiv)}ja gq~fka~~~ wauq}h}f`k hkm nwamfgfif}v dhv ga mwhdh}fnhiiv hbban}am h~ f} sfii k` i`kcaw ga


4/11


^hujfa Hifd) H5=5>723= Uhca >

hgia }` j`k`qw f}~ ~j`w}$}awd `gifch}f`k~+ H~ h wa~qi}) }ja gq~fka~~ sfii ga iflaiv }` bhna }fcj}

nwamf} }awd~+

7+ Ma}awdfkfkc }ja iarai `b s`wlfkc nhuf}hi }` ga dhfk}hfkam

A~}hgif~jfkc s`wlfkc nhuf}hi uìfnv akhgia~ n`duhkfa~ }` ma}awdfka }ja dhckf}qma `b

s`wlfkc nhuf}hi kaamam }` dhfk}hfk }ja azf~}fkc iarai `b hn}frf}v+ ]jf~ hd`qk} b` s`wlfkc

nhuf}hi mauakm~ k`} `kiv `k }ja gq~fka~~ f}~aib gq} hi~` `k }ja dhnwàkrfw`kadak}

*an`k`dfn) d`ka}hwv hkm }ja sjìa dhwla} akrfw`kdak}&+ ]jawa hwa }jwaa mfbbawak} s`wlfkc

nhuf}hi uìfnfa~?

$ Dh}njfkc s`wlfkc nhuf}hi uìfnv

]jf~ uìfnv dh}nja~ h~~a}~ hkm ifhgfif}fa~ }` dh}qwf}fa~+ ]ja wf~l f~ damfqd jawa+ ]ja

n`duhkv dhv `w dhv k`} laau }ja nh~j `k jhkm~+

$ Hccwa~~fra s`wlfkc nhuf}hi uìfnv

]jf~ uìfnv f~ gh~am `k wf~l hkm wa}qwk? }ja jfcjaw }ja wf~l) }ja jfcjaw }ja wa}qwk+ ]ja

gq~fka~~ hfd~ }` }hla jfcj wf~l sjawa ~j`w}$}awd ifxqfmf}v hwa q~am fk }ja bqiiv az}ak} }`

bfkhkna nqwwak} hkm bfzam h~~a}~ *arak}qhiiv&+ ]jf~ uìfnv fkrìra~ h rawv i`s hd`qk} `b

nqwwak} h~~a}~ fk }ja n`duhkv+ ]ja b`nq~ jawa f~ `k nìian}fkc uhvdak}~ `k }fda hkm uhvfkc

nwamf}`w~ h~ ih}a h~ u`~~fgia+

$ N`k~awrh}fra s`wlfkc nhuf}hi uìfnv

Fk }jf~ nh~a) }ja gq~fka~~ f~ d`wa n`knawkam hg`q} jhrfkc ak`qcj nh~j `k jhkm~+

N`k~awrh}fra s`wlfkc nhuf}hi uìfnv f~ ~hfm }` ga }ja i`sa~} wf~l s`wlfkc nhuf}hi uìfnv+ F}

hk}fnfuh}a~ qknaw}hfk}v hkm }jawagv ak~qwa~ ~hba}v b`w }ja bfwd+

]ja iarai `b s`wlfkc nhuf}hi f~ ma}awdfkam hnn`wmfkc }` }ja bìi`sfkc bhn}`w~ }jh} hwa

a~~ak}fhi b`w n`k}wìifkc s`wlfkc nhuf}hi uìfnv+

^fza hkm kh}qwa `b }ja gq~fka~~

]ja ~fa `b }ja bfwd dhv hbban} f}~ iarai `b s`wlfkc nhuf}hi waxqfwam+ ^fa nhk ga dah~qwam fk

}awd~ `b }ja ~nhia `b ùawh}f`k~+ ]ja jfcjaw }ja ~nhia `b ùawh}f`k~) }ja d`wa fdu`w}hk} f~

}ja kaam fk s`wlfkc nhuf}hi+ Fk n`k}wh~}) h ~dhii gq~fka~~ sfii kaam ia~~ s`wlfkc nhuf}hi h~ f}~

~nhia `b ùawh}f`k f~ iflaiv }` ga ia~~ jfcj+ Mwqwv *755:& hi~` ~quu`w}~ }jf~ u`fk} sjak jahwcqa~ }jh} h bfwd sf}j ihwcaw ~nhia `b ùawh}f`k~ sfii kaam d`wa s`wlfkc nhuf}hi }jhk h ~dhii


5/11


^hujfa Hifd) H5=5>723= Uhca =

bfwd+ Hmmf}f`khiiv) fk}awkhi f~~qa~ fk h gq~fka~~ dhv jhra hk fduhn} `k manfmfkc }ja hd`qk}

`b s`wlfkc nhuf}hi kaamam+

]ja }vua `b }ja n`duhkv dhv hi~` jhra h ~fckfbfnhk} fduhn} `k }ja iarai `b s`wlfkc nhuf}hi

kaamam+ B`w fk~}hkna) s`wlfkc nhuf}hi f~ q~qhiiv jfcjaw fk dhkqbhn}qwfkc) bfkhknfhi hkm

}whmfkc n`duhkfa~ qkifla ~awrfna gq~fka~~a~+ H uwfda azhduia `b }jf~ f~ D"^ Da}hinwhb} }jh}waxqfwa~ h jqca fkra~}dak} fk s`wlfkc nhuf}hi hkm h i`s fkra~}dak} fk bfzam h~~a}~+ Fk

n`k}wh~}) uqgifn q}fif}fa~ m` k`} kaam h ihwca fkra~}dak} fk s`wlfkc nhuf}hi gq} h jqca

fkra~}dak} fk bfzam h~~a}~+ ]jafw kaam fk s`wlfkc nhuf}hi f~ k`} fdu`w}hk} h~ }jav jhra nh~j

~hia~ `kiv hkm }jav ~quuiv ~awrfna~) k`} c``m~+ Jakna) }ja ifxqfmf}v wa~`qwna~ }fam qu sf}j

mag}`w~ `w fk ~}`nl hwa az}wadaiv i`s *Mwqwv) 755::&+

Dhkqbhn}qwfkc nvnia

Dhkqbhn}qwfkc nvnia ~}hw}~ sf}j }ja uihnadak} `b `wmaw~ *whs dh}awfhi~& hkm f~ n`duia}am

sf}j }ja dhkqbhn}qwam c``m~+ ]ja i`kcaw }ja dhkqbhn}qwfkc nvnia) }ja jfcjaw f~ }ja kaam b`ws`wlfkc nhuf}hi h~ hk az}akmam dhkqbhn}qwfkc nvnia fkrìra~ h jfcjaw }fa$qu `b bqkm~ fk

fkrak}`wfa~+ ^qnj maihv~ dhv mwhdh}fnhiiv hbban} }ja fkrak}`wv `b s`wl$fk$uw`na~~ hkm

bfkf~jam c``m~ fknwah~fkc }ja kaam `b s`wlfkc nhuf}hi+ F} f~ sfmaiv gaifaram }jh} n`duhkfa~

sf}j i`kc dhkqbhn}qwfkc nvnia~ i`saw }jafw fkra~}dak} fk fkrak}`wfa~ *hkm ~qg~axqak}iv fk

s`wlfkc nhuf}hi& gv ~aalfkc hmrhkna `w uawf`mfn uhvdak}~ bw`d n`k~qdaw~+

âh~`khif}v) uw`mqn}f`k uìfnv hkm gq~fka~~ biqn}qh}f`k

âh~`khi hkm nvnifnhi biqn}qh}f`k~ fk madhkm b`w h uw`mqn} dhv jhra h ~fckfbfnhk} fduhn} `k

}ja kaam `b s`wlfkc nhuf}hi) uhw}fnqihwiv ~j`w}$}awd s`wlfkc nhuf}hi `b }ja n`duhkv+ Hkqushwm }wakm fk h jfcj$uwa~~qwa an`k`dv dhv hi~` fknwah~a ~hia~ hkm }jawagv akjhkna }ja

fkra~}dak} fk fkrak}`wfa~ hkm wanafrhgia~+ Fk n`k}wh~}) hk an`k`dfn m`sk}qwk f~ iflaiv }`

wa~qi} fk h ihwca manwah~a fk ~hia~ hkm ~qg~axqak}iv h mauia}f`k `b fkrak}`wfa~ hkm g``l

mag}~+ Bqw}jawd`wa) ~ah~`khi biqn}qh}f`k~ dhv jhra h kach}fra fkbiqakna `k uw`mqn}f`k+ Wf~a

fk uw`mqn}f`k iarai dhv ga }sfna h~ azuak~fra h~ q~qhi mqwfkc fkbih}f`khwv uwa~~qwa hkm uahl

~ah~`k~+ ]jawab`wa) jfcjaw iarai `b s`wlfkc nhuf}hi sfii ga waxqfwam mqwfkc uahl ~ah~`k~

*Njwf~}dh~) Ah~}aw&+

H uìfnv `b ~}ahmv uw`mqn}f`k uawdhkak}iv n`qim ga fduiadak}am }` jaiu }ja gq~fka~~

azui`f} f}~ wa~`qwna~ }` }ja bqiia~} az}ak}+ ]jf~ dhv fkniqma hnnqdqih}f`k `b ~}`nl~ fk `bb$

~ah~`k hkm }jafw whufm hkm n`k}fkq`q~ mauia}f`k mqwfkc uahl uawf`m~+ ]jawab`wa) ~ah~`khi

s`wlfkc nhuf}hi kaam ~j`qim ga hk}fnfuh}am+ F} f~ }` ga huuwhf~am rawv ahwifaw }jw`qcj

bfkhknfhi hmoq~}dak}~ fk `wmaw }` ak~qwa }ja ~qnna~~bqi fduiadak}h}f`k `b }ja uìfnv hkm

}jawagv }ja c``m bfkhknfhi jahi}j `b }ja bfwd+ H}wfii hkm DnIhkav *7588& hi~` ~quu`w}~ }jf~

u`fk} sjak }jav h~~aw} }jh} }j`~a bfkhknfhi hwwhkcadak}~ ~j`qim ga hmaxqh}a hkm biazfgia

ak`qcj }` bhna hkv ~ah~`khi biqn}qh}f`k~+ H uìfnv `b ~}ahmv uw`mqn}f`k dhv dahk jfcjaw

fkrak}`wv n`~}~ hkm }ja jfcjaw }ja n`~}~) }ja jfcjaw }ja wf~l+ ]jq~) }ja n`duhkv dhv

fduiadak} }ja uìfnv `b mfraw~fbvfkc f}~ uw`mqn}f`k ~njamqia hnn`wmfkc }` madhkm

biqn}qh}f`k~ h~ ~qcca~}am gv Mwqwv *755:&+ Bfkhiiv) d`~} n`duhkfa~ }akm }` dhkqbhn}qwa

}jafw lav uw`mqn}~ mqwfkc uahl ~ah~`k~ hkm `}jaw~ mqwfkc `bb$~ah~`k~+ ]jf~ dahk~ }jh}

uw`mqn}f`k uìfnfa~ `b ahnj n`duhkv dhv rhwv bw`d ahnj `}jaw mauakmfkc `k nfwnqd~}hkna~+

Hnn`wmfkciv) }ja s`wlfkc nhuf}hi waxqfwadak} sfii hi~` njhkca+


6/11



@}jaw bhn}`w~

]ja kaam fk s`wlfkc nhuf}hi dhv hi~` ga hbban}am gv }qwk`raw `b nfwnqih}fkc nhuf}hi *ujv~fnhi

nhuf}hi hkm ùawh}fkc azuak~a~&+ Fb }ja ùawh}fkc nvnia n`duia}a~ f}~ w`qkm whs dh}awfhi~ hkm

}qwk hnn`qk} wanafrhgia~ ~}ahmfiv fk}` nh~j) }ja dhckf}qma `b s`wlfkc nhuf}hi kaamam dhv gadqnj i saw+ Nwamf} }awd~ cwhk}am gv nwamf} w~ nhk hi~ hbban} }ja kaam fk s wlfkc nhuf}hi b h n`duhkv+

Ahnj n`duhkv jh~ f}~ `sk nwamf} }awd~ u ifnv+ I kc$}awd nwamf}~ cakawhiiv fknwah~a }ja s wlfkc nhuf}hi

waxqfwadak} sjfia ~j w}$}awd nwamf}~ ifdf} }ja iarai b s wlfkc nhuf}hi kaamam *Mwqwv) 755:&+

Bqw}jawd wa) uawh}fkc abbfnfaknv wabaw~ } u}fdf~h}f k b wa~ qwna~ q}fifam+ Hk abbfnfak} n`k}w i b uawh}fkc

n ~}~ dhv jaiu }ja bfwd dfkfdf~a f}~ s wlfkc nhuf}hi waxqfwadak}+ Hk }jaw u fk} s w}j dak}f kfkc jawa f~

uwfna biqn}qh}f k~+ Fknwah~fkc uwfna~ q~qhiiv fkr ira~ h jfcjaw fkra~}dak} fk s wlfkc nhuf}hi+ B w fk~}hkna)

mqwfkc fkbih}f k) n`duhkfa~ }jh} dhkhca } n`k}w i uwfna~ b }jafw uw mqn}~ qushwm~ dhv k } bhna hmraw~a

abban}~ b s wlfkc nhuf}hi+ ]ja abban}~ b wf~fkc uwfna iarai~) jakna) mfbbaw bw d `ka n`duhkv } hk }jaw? }jav

dhv k } jhra hk fduhn} k naw}hfk n`duhkfa~ sjfia }jaw~ dhv mwhdh}fnhiiv ga hbban}am+

Bfkhiiv) h jfcj ka} uw bf} dhwcfk f~ h ~ qwna b s wlfkc nhuf}hi }jh} n`k}wfgq}a~ } f}~ fduw radak}+ ]ja hgfif}v

b h n`duhkv } wa}hfk uw bf}~ dhv jhra h gahwfkc `k s wlfkc nhuf}hi ma}awdfkh}f k+ Fb }ja uw bf}~ hwa saii

dhkhcam fk }ja bfwd) }ja s`wlfkc nhuf}hi sfii ga ~}wakc}jakam+ ]ja r iqda b ~hia~ nhk hi~ jhra hk

fkbiqakna? h~ ~hia~ fknwah~a) ~` mà~ }ja iarai `b s`wlfkc nhuf}hi }jh} f~ kaamam }` ~q~}hfk }ja

gq~fka~~+

>+ Azhduia `b Uwadfaw B``m~ Uin]` fiiq~}wh}a `qw a~~hv) sa sfii nhinqih}a }ja abbfnfaknv wh}f`~ `b Uwadfaw B``m~ Uin n`duhkv

}jh} sfii ga n`duhwam sf}j ]ja Wahi C``m B``m N`duhkv~ s`wlfkc nhuf}hi *hkkaza 8&+ ]ja

bfcqwa~ sfii ga dqi}fuifam gv */8555& hkm hwa }hlak bw`d bfkhknfhi ~}h}adak}~ `b 7585+

]ja nìian}f`k uawf`m `b Uwadfaw B``m~ Uin f~ 1>+>= mhv~ sjfnj fkmfnh}a~ }ja hrawhca kqdgaw

`b mhv~ wanafrhgia~ }qwk~ }` nh~j sjfia f} }hla~ hrawhcaiv ==+=2 mhv~ b`w ]ja Wahi C``m B``mN`duhkv Uin+ ]jf~ nhk ga hk azuihkh}`wv bhn}`w b`w Uwadfaw B``m~ jhrfkc h kach}fra nh~j$

bi`s `b 7:+3 dfiif`k sjfia ]ja Wahi C``m B``m N`duhkv Uin jh~ h u`~f}fra nh~j$bi`s `b

>+8:3 dfiif`k b`w }ja ~hda uawf`m+ Nh~j sjfnj mfm k`} cakawh}a hkv fk}awa~} fb lau} h} }ja

n`duhkv `w fk }ja n`duhkfa~ nqwwak} hnn`qk} q~qhiiv n`k~}f}q}a~ h cwah}aw uwù`w}f`k `b

s`wlfkc nhuf}hi q~am }` wabfkhkna }ja gq~fka~~+ H n`duhkv }jh} jh~ kach}fra nh~j h} bahw akm

mà~ k`} fkmfnh}a rawv c``m s`wlfkc nhuf}hi uìfnv+ Jakna) }jf~ f~ h ghm uawb`wdhkna b`w

Uwadfaw B``m Uin hkm }jf~ nhk jhra h mwhdh}fn fduhn} `k f}~ fkra~}`w~+

]ja ~hia~ }` fkrak}`wv iarai b`w }ja Uwadfaw B``m~ f~ 8:+5> mhv~ sjfia b`w ]ja Wahi C``m

B``m N`duhkv Uin f~ 72+62 mhv~+ ]jf~ ~j`s~ }ja wh}a h} sjfnj fkrak}`wv }qwk~ }` ~hia~ b`w }ja}s` bfwd~ hkm fkmfnh}a~ }ja ~}wfn} nwamf} uìfnv `b ]ja Wahi C``m B``m N`duhkv Uin+ H~ sa


7/11



nhk ~aa }jw`qcj }ja ~j`w}aw wanafrhgia~ mhv~) nq~}`daw~ dhv k`} ga hgia }` n`duiv hkm }jf~

iahm~ }` h bhii fk ~hia~+ ^hia~ fk ]ja Wahi C``m B``m N`duhkv Uin ~}hkm~ h} 755+85= dfiif`k

Uwadfaw B``m~ Uin ~}hkm~ h} 7+ =>: dfiif`k+ D`~} `b ~hia~ b`w Uwadfaw B``m Uin hwa `k h

nwamf} gh~f~ sjawah~ }j`~a b`w ]ja Wahi C``m B``m N`duhkv Uin hwa `k h nh~j gh~f~+

]ja h~~a} }` ~hia~ wh}f` `b Uwadfaw B``m Uin f~ 8+== hchfk~} 5+28 b`w ]ja Wahi C``m B``m

N`duhkv Uin+ ]jf~ wh}a fkmfnh}a~ }ja hccwa~~fra kh}qwa `b h gq~fka~~ }`shwm~ f}~ ~hia~ abb`w}~+

]ja Wahi C``m B``m N`duhkv Uin jh~ h i`saw wh}a }jh} ~j`s~ d`wa hccwa~~fra kh}qwa

}`shwm~ ~hia~ h~ hchfk~} Uwadfaw B``m~ Uin+ J`saraw) ~hia~ `b Uwadfaw B``m~ Uin hwa

waih}fraiv jfcjaw }jhk }j`~a `b ]ja Wahi C``m B``m N`duhkv Uin sjfnj dhv n`wwa~u`km }`

f}~ waih}fraiv ~}wfn} ~hia~ uìfnv `w nwamf} uìfnv+

]ja s`wlfkc nhuf}hi b`w Uwadfaw B``m~ Uin azniqmfkc bfkhknfhi ifhgfif}fa~ hkm ~j`w}$}awd

g`ww`sfkc f~ 758+6 dfiif`k sjfia b`w ]ja Wahi C``m B``m N`duhkv Uin f~ $ => 555+

Uwadfaw B``m~ hn}qhiiv f~ h rawv ihwca n`duhkv) jakna) u`~f}fra s`wlfkc nhuf}hi dhv fkmfnh}a}jh} hb}aw ~a}}fkc nqwwak} ifhgfif}fa~ }jawa f~ k` nhuf}hi hrhfihgia b`w azuhk~f`k+ ]jf~ nhk ga hk

azuihkh}`wv bhn}`w b`w }ja jfcj ~hia~ `b Uwadfaw B``m~ Uin h~ ùu`~a }` }j`~a `b ]ja Wahi

C``m B``m N`duhkv Uin+ @k }ja `}jaw jhkm) azuhk~f`k ùu`w}qkf}fa~ dhv ga ifdf}am sjak

s`wlfkc nhuf}hi f~ aw` `w kach}fra) jakna) }jf~ f~ ghm b`w ]ja Wahi C``m B``m N`duhkv Uin+

]jf~ kach}fra wh}f` hi~` fkmfnh}a~ }jh} }ja gq~fka~~ f~ qkhgia }` dhkhca f}~ nqwwak} hbbhfw~

abbfnfak}iv mqa }` f}~ fk~qbbfnfak} bqkm~+

]ja ~hia~ }` s`wlfkc nhuf}hi wh}f` b`w Uwadfaw B``m Uin f~ 87+8< }jh} dahk~ }jh} s`wlfkc

nhuf}hi cakawh}a~ 87+8 u`qkm~ b`w ahnj u`qkm `b s`wlfkc nhuf}hi+ J`saraw) f} f~ mfbbfnqi} }`

nhinqih}a }jf~ wh}f` b`w ]ja Wahi C``m B``m N`duhkv Uin ganhq~a `b }ja kach}fra s`wlfkcnhuf}hi+ Bqw}jaw wa~ahwnj fk}` }ja bfkhknfhi u`~f}f`k hkm uawb`wdhkna `b }ja n`duhkv dhv ga

hgia }` cakawh}a }jf~ fkb`wdh}f`k gq} mqa }` }fda n`k~}whfk}~ hkm s`wm ifdf}h}f`k) bqw}jaw

azuihkh}f`k s`qim ga jhwm }` n`da gv+ ]ja 87+8 b`w Uwadfaw B``m~ Uin ~j`s~ }ja wh}a `b

azuhk~f`k nwah}am gv s`wlfkc nhuf}hi+

B`w Uwadfaw B``m~ Uin) hnn`qk} uhvhgia~ cakawh}a =+6 }fda ~hia~ `w ga}}aw ~}fii b`w arawv

u`qkm `b ~hia~ =+6 uakna fk hnn`qk} uhvhgia~+ ]jf~ f~ xqf}a i`saw }jhk 85+8 b`w ]ja Wahi

C``m B``m N`duhkv Uin+ ]jf~ nhk c` bqw}jaw }` azuihfk }ja u`~f}fra s`wlfkc nhuf}hi b`w

Uwadfaw B``m~ h~ ùu`~a }` }ja kach}fra s`wlfkc nhuf}hi b`w ]ja Wahi C``m B``m N`duhkv

Uin+ Sjfia f} }hla~ hk hrawhca `b =+6 mhv~ }` uhv uhvhgia~ h~ ùu`~a }` 1>+>= mhv~ }` nìian}

wanafrhgia~ b`w Uwadfaw B``m Uin) f} f~ hk hrawhca `b 85+8 }` uhv uhvhgia h~ ùu`~a }` ==+=2

mhv~ }` nìian} wanafrhgia~+ G`}j n`duhkfa~ jhra rawv i`s s`wlfkc nhuf}hi+ ]jf~ dhv jhduaw

}jafw bq}qwa ihwca$uwòan}~ }jawagv }jafw cw`s}j+


8/11



N`kniq~f`k

]jf~ hkhiv~f~ `b Uwadfaw B``m Uin hkm ]ja Wahi C``m B``m N`duhkv Uin~ s`wlfkc nhuf}hi

fkmfnh}a~ }ja az}ak} }` sjfnj rìqda `b ~hia~) nhuf}hi) nh~j) fkrak}`wfa~) wanafrhgia~ hkm

hnn`qk} uhvhgia~ jhra h gahwfkc `k }ja iarai `b s`wlfkc nhuf}hi waxqfwam b`w g`}j

n`duhkfa~+ H~ ~}h}am gab`wa) }j`~a bhn}`w~ hwa a~~ak}fhi b`w dah~qwfkc }ja s`wlfkc nhuf}hi

abbfnfaknv+ F} jh~ gaak niahwiv ~aak }jh} ]ja Wahi C``m B``m N`duhkv Uin jh~ h n`k~awrh}fra

s`wlfkc nhuf}hi uìfnv h~ f}~ s`wlfkc nhuf}hi f~ kach}fra hkm fkhmaxqh}a s`wlfkc nhuf}hi mqa

}` h u``w dhkhcadak} `b wanafrhgia~+ ]jf~ hi~` fkmfnh}a~ }jh} }ja bfwd f~ qkhgia }`

fddamfh}aiv n`kraw} f}~ nqwwak} h~~a}~ fk}` nh~j+ Gq} ma~uf}a f}~ kach}fra s`wlfkc nhuf}hi

dhkhca~ }` uhv f}~ uhvhgia~ xqfnlaw }jhk Uwadfaw B``m~ N`duhkv Uin+ ]jf~ n`duhkv

dhzfdf~a~ f}~ abbfnfaknv }jw`qcj wfcj} }fdam }whk~hn}f`k~+ F}~ s`wlfkc nhuf}hi fkmfnh}a~ h

dhkhcawfhi abbfnfaknv fk h bfwd sjawa fkrak}`wv hkm hnn`qk} wanafrhgia~ hwa i`s+ F} hi~`

~j`s~ }jh} f} ùawh}a~ `k h ~}wfn}iv nh~j hkm ~hia~ gh~f~ hkm f~ qkhgia }` n`kraw} hnn`qk}

wanafrhgia~ hkm fkrak}`wv fk}` nh~j+ Uwadfaw B``m~ `k f}~ uhw} hnjfara~ h ~ifcj}iv ga}}aw

uawb`wdhkna *jfcjaw ~hia~ hkm u`~f}fra s`wlfkc nhuf}hi& h~ ùu`~a }` f}~ n`dua}f}`w+ F} jh~ hk

hccwa~~fra s`wlfkc uìfnv }jh} dhv akhgia f}~ gq~fka~~ }` cw`s h~ f} jh~ ~qbbfnfak} bqkm~ }`

azuhkm f}~ hn}frf}v+ F}~ s`wlfkc nhuf}hi f~ xqf}a c``m ~fkna arak }j`qcj f} f~ u`~f}fra) f} f~ ~}fii

i`s+ F} f~ }` ga jùam }jh} s`wlfkc nhuf}hi uìfnv `b g`}j bfwd~ sfii ga fduw`ram gv h ga}}aw

dhkhcadak} `b nwamf}) uhvhgia~ hkm }whma wanafrhgia~+


9/11


^hujfa Hifd) H5=5>723= Uhca :

Hkkaza 8

Uwadfaw B``m N`duhkv

N`iian}f`k uawf`m

Hnn`qk} wanafrhgia~~hia~ / >21 mhv~

4 >127=>:/>21 4 1=+1= mhv~

^hia~ }` fkrak}`wv mhv~

4 Hkkqhi ~hia~Fkrak}`wv

4 7=>:8>1+7 4 8:+5>

H~~a}~ }` ~hia~ wh}f`

4]`}hi h~~a}~Ka} ~hia~

4 >=66+17=>: 4 8+==

S`wlfkc nhuf}hi

4 Nqwwak} h~~a}~ Nqwwak} ifhgfif}fa~

4 658+8 266+7 *azniqmfkc bfkhknfhi ifhgfif}fa~ gq} ~j`w}$}awd g`ww`sfkc~&

4 758+6

^hia~ }` ka} s`wlfkc nhuf}hi wh}f`

4 ^hia~ Ka} s`wlfkc nhuf}hi

4 7=>:758+66 4 87+8

^hia~ }` hnn`qk} uhvhgia~

4 Hnn`qk} uhvhgia~^hia~

4 7=>:=62+7 4 =+6

Wahi C``m B``m N`duhkv

N`iian}f`k uawf`m

Hnn`qk} wanafrhgia~~hia~ / >21 mhv~

4 7=>3>755+85= 4 ==+=2 mhv~

^hia~ }` fkrak}`wv mhv~

4 Hkkqhi ~hia~Fkrak}`wv

4 755+85=61=1 4 75+62

H~~a}~ }` ~hia~ wh}f`

4]`}hi h~~a}~Ka} ~hia~

4 876==:8755+85= 4 5+28


10/11



Ka} S`wlfkc nhuf}hi

4 Nqwwak} h~~a}~ Nqwwak} ifhgfif}fa~

4 >3852 >38=6 *azniqmfkc bfkhknfhi ifhgfif}fa~ gq} ~j`w}$}awd g`ww`sfkc~&

4 $ =>

^hia~ }` ka} s`wlfkc nhuf}hi wh}f`

4 ^hia~ Ka} s`wlfkc nhuf}hi

4 755+85= $ => 4 87+8

^hia~ }` hnn`qk} uhvhgia~

4 Hnn`qk} uhvhgia~^hia~

4 755+85=86:68 4 85+8


11/11



^`qwna~

G``l~

H}wfii) U+) DnIhkav A+) 7588) Hnn`qk}fkc hkm Bfkhkna b`w K`k$ûanfhif~}~) 3}j

amf}f`k+ Uahw~`k

Amqnh}f`k Ifdf}am) uu+ 835$=11+

Mwqwv) N+) 755:) Dhkhcadak} hkm n`~} hnn`qk}fkc+ 3}j

amf}f}f`k+ F}hiv? Uahw~`k) uu+ 15$8:6+

Lìiaw) ]+) Càmjhw} D+ hkm Sh~~ai~ M+) 7585) Rhiqh}f`k? Dah~qwfkc hkm dhkhcfkc }ja rhiqa `b

n`duhkfa~) 1}j

amf}f`k+ Q+^? O`jk Sfiav " ^`k~) uu+ =6$62+

Sag~f}a~

Lqilhwkf) H+) 7585) S`wlfkc nhuf}hi uìfnv+ \`kifkaT *88}j Dhv 7585&

Hrhfihgia h}?j}}u?sss+gqia+n`dhw}fnia~s`wlfkc$nhuf}hi$uìfnv+j}di\Hnna~~am 8: Hqcq~} 7585T+

Dn Nhii) N+) 7585) Abban} `b s`wlfkc nhuf}hi `k n`duhkv cw``s}j+ \`kifkaT *7:}j

âu}adgaw 7585&

Hrhfihgia h} ? j}}u?sss+axqf}vmahifkccqfma+n`dabban}$`b$s`wlfkc$nhuf}hi$`k$n`duhkv$

cw`s}j+j}di

\Hnna~~am 86 Hqcq~} 7588T+

Uwadfaw B``m~ Uin+ \`kifkaT

Hrhfihgia h}? j}}u?sss+uwadfawb``m~+n`+qlnhwaaw~}ja$uaùia$gajfkm$`qw$

uw`mqn}~fkmaz+nbd0uw`bfia4HN8:2B6:$8:18$151M$MBA>$3BB:3=7N=HH=

\Hnna~~am 8: Hqcq~} 7585T+

]ja Wahi C``m B``m Uin+ \`kifkaT

Hrhfihgia h}?j}}u?//sss+wahic``mb``muin+n`d/\Hnna~~am 8: Hqcq~} 7585T+
http://www.buzzle.com/articles/working-capital-policy.htmlhttp://www.buzzle.com/articles/working-capital-policy.htmlhttp://www.buzzle.com/articles/working-capital-policy.htmlhttp://www.equitydealingguide.com/effect-of-working-capital-on-company-growth.htmlhttp://www.equitydealingguide.com/effect-of-working-capital-on-company-growth.htmlhttp://www.equitydealingguide.com/effect-of-working-capital-on-company-growth.htmlhttp://www.premierfoods.co.uk/careers/the-people-behind-our-products/index.cfm?profile=AC186F98-1851-505D-DFE3-7FF8742C4AA4http://www.premierfoods.co.uk/careers/the-people-behind-our-products/index.cfm?profile=AC186F98-1851-505D-DFE3-7FF8742C4AA4http://www.premierfoods.co.uk/careers/the-people-behind-our-products/index.cfm?profile=AC186F98-1851-505D-DFE3-7FF8742C4AA4http://www.realgoodfoodplc.com/http://www.realgoodfoodplc.com/http://www.realgoodfoodplc.com/http://www.realgoodfoodplc.com/http://www.premierfoods.co.uk/careers/the-people-behind-our-products/index.cfm?profile=AC186F98-1851-505D-DFE3-7FF8742C4AA4http://www.premierfoods.co.uk/careers/the-people-behind-our-products/index.cfm?profile=AC186F98-1851-505D-DFE3-7FF8742C4AA4http://www.equitydealingguide.com/effect-of-working-capital-on-company-growth.htmlhttp://www.equitydealingguide.com/effect-of-working-capital-on-company-growth.htmlhttp://www.buzzle.com/articles/working-capital-policy.html

alim carried out a working capital appraisal, using premier food as a case study

Documents