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OF
“FINANCIAL MANAGEMENT”
MGT 517
➢ ACKNOWLEDGEMENT
➢ CAPITAL STRUCTURE
DUKE
Dreams are what drive us. Ever since our inception in 1966 we have continued to
deliver innovative knitwear and fabric that have made key style statements.
Creation of a unique corporate management system and culture is enabling us to
develop into a conglomerate that becomes a role model of worldwide respect and
trust. Founder of the group, Komal Kumar Jain, and his son Kuntal Jain, have
embraced and taken forward the principles of total Quality Management which
translates to doing “whatever it takes!” to guarantee 100% customer delight.
The Group corporate philosophy is based on the following principles:
• Credibility, integrity and honesty
• Straightforward business dealings
• Work as a worship
• Spirit of Social Service and human respect
The business of fashion is dreaming and styling the future. Business strategy,
vision & innovation are the principal pillars on which our forward-thinking
corporate policy is founded. After all, no company can afford to stand still. We
work ceaselessly to develop new directions in apparel production and export, thus
ensuring that all our constituent companies shall continue to have a strong voice in
the international apparel and textile forums of today and tomorrow.
The Portfolio
Every design that we create, every contact that we accept, we execute it with the
strictest regulation. No impractical designs, no cutting corners, no compromising
on quality for our valued customers and vendors.
Customer satisfaction begins at our drawing board. Every design is created with
the need of customers foremost in our mind – we consider how they will fit our
designs around their lifestyle.
The Duke group produces for men, women, and children:
• T-shirts
• Jackets
• Sweaters
• Track – suits
• Sweatshirts
• Shirts
• Trousers
• Denims
• Lounge Wears
• Lowers
• Bermudas
• Thermal Wears
• Innerwear
• Accessories
Brand names under the group umbrella include Duke, X-cite, Creyons, Prime
Bodies, Royale Lagos & Neva.
We process institutional export orders in accordance with our clients need.
Customized orders are executed for reputed industrial units, corporate houses and
renowned educational institutions spread though out India. We have a unique
capability of designing T-shirts for special occasions, to suit specific needs like
brand promotion, and even uniforms.
Strategic Approach
The Duke group’s strategic approach is entirely brand centric and strategically
defined to reach divergent markets in India and around the World, especially in
Nepal, Sri Lanka, Canada and U.S.A. with the help of extensive advertising and
promotional campaigns. Our seasonal product catalogues are successful in
positioning our brand at the top echelons of quality and value for money.
A strong market network of over 2500 multi-brand outlets and over 70 exclusive
stores across major cities in India is succeeding in bolstering the profit curve of
the entire product range. Our own sales team monitors this massive network to:
Make it easy for the network to build positive relationships and increase sales.
Understand market segments and changing demands.
Communicate feedback to the Group headquarters.
We are the only national brand with international standards. Our well-rounded and
multi-leveled marketing approach incorporates a wide assortment of image
management and customer interactive programs.
Mar '
Mar '06 Mar '07 Mar '08 Mar '09
05
12
12 mths 12 mths 12 mths 12 mths
mths
Sources Of Funds
Total Share Capital 123.36 122.20 122.20 122.73 119.66
Equity Share Capital 85.92 85.92 85.92 89.27 89.27
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 37.44 36.28 36.28 33.47 30.39
Reserves 42.41 49.17 48.42 70.69 1.35
Revaluation Reserves 9.71 7.74 7.31 0.00 0.00
Networth 175.48 179.11 177.93 193.42 121.01
Secured Loans 186.43 179.39 229.66 319.64 315.85
Unsecured Loans 30.03 65.57 194.96 176.10 208.05
Total Debt 216.46 244.96 424.62 495.74 523.90
Total Liabilities 391.94 424.07 602.55 689.16 644.91
Mar
Mar '06 Mar '07 Mar '08 Mar '09
'05
12
12 mths 12 mths 12 mths 12 mths
mths
Application Of Funds
Gross Block 589.51 674.60 710.00 462.89 514.21
Less: Accum. Depreciation 433.02 416.84 426.59 0.00 0.00
Net Block 156.49 257.76 283.41 462.89 514.21
Capital Work in Progress 9.94 31.44 183.85 59.44 3.97
Investments 41.29 68.92 78.24 77.47 62.77
Inventories 108.21 119.86 141.27 131.38 119.94
Sundry Debtors 49.36 38.27 32.38 40.97 37.95
Cash and Bank Balance 8.98 6.38 3.42 12.28 9.23
Total Current Assets 166.55 164.51 177.07 184.63 167.12
Loans and Advances 157.83 35.51 41.82 51.85 56.54
Fixed Deposits 1.80 3.39 6.39 0.00 0.00
Total CA, Loans & Advances 326.18 203.41 225.28 236.48 223.66
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 125.86 120.25 148.80 129.46 136.91
Provisions 16.11 17.23 19.41 17.65 22.81
Total CL & Provisions 141.97 137.48 168.21 147.11 159.72
Net Current Assets 184.21 65.93 57.07 89.37 63.94
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00
Total Assets 391.93 424.05 602.57 689.17 644.89
Mar
Mar '06 Mar '07 Mar '08 Mar '09
'05
Sources Of Funds
Total Share Capital 4.98 4.98 4.98 4.98 4.98
Equity Share Capital 4.98 4.98 4.98 4.98 4.98
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
-
Reserves -3.67 -5.07 -5.24 -2.86
3.37
Revaluation Reserves 0.85 0.00 0.00 0.00 0.00
Networth 2.46 1.31 -0.09 -0.26 2.12
Secured Loans 0.41 0.38 0.38 0.27 0.00
Unsecured Loans 1.09 1.30 0.80 0.84 0.62
Total Debt 1.50 1.68 1.18 1.11 0.62
Total Liabilities 3.96 2.99 1.09 0.85 2.74
Mar
Mar '06 Mar '07 Mar '08 Mar '09
'05
12
12 mths 12 mths 12 mths 12 mths
mths
Application Of Funds
Gross Block 3.20 1.76 2.32 2.32 2.17
Less: Accum. Depreciation 1.31 0.98 1.25 1.51 2.08
Net Block 1.89 0.78 1.07 0.81 0.09
Capital Work in Progress 0.55 0.55 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 2.24
Inventories 0.00 0.00 0.00 0.00 0.00
Sundry Debtors 1.77 1.76 0.02 0.00 0.23
Cash and Bank Balance 0.20 0.16 0.20 0.10 0.22
Total Current Assets 1.97 1.92 0.22 0.10 0.45
Loans and Advances 0.01 0.02 0.10 0.05 0.69
Fixed Deposits 0.00 0.00 0.00 0.00 0.00
Total CA, Loans & Advances 1.98 1.94 0.32 0.15 1.14
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 0.49 0.28 0.30 0.10 0.36
Provisions 0.00 0.00 0.00 0.00 0.38
Total CL & Provisions 0.49 0.28 0.30 0.10 0.74
Net Current Assets 1.49 1.66 0.02 0.05 0.40
Miscellaneous Expenses 0.03 0.00 0.00 0.00 0.00
Total Assets 3.96 2.99 1.09 0.86 2.73
1. The face value of Jct is Rs 3 per share but the face value of Duke is Rs 10 per share
which is much more the Jct it shows that market value of Duke is much more better
than Jct .
2. When we compare with capital structure of Duke and Jct its shows that the company
position of Jct is much better than Duke in comparagion of asset.
3. If we see liblity and current asset of the company then Jct is much larger than the Duke
it shows that the investment of asset of Jct is much larger then duke.
4. When we see the equity share of the company than Jct is much larger than the Duke it
shows that the share holders are confidence is more in case of Jct .
5. When we se the number of share of the company its shows that Jct is much larger
number of share than the Duke.
6. When we see total share capital of the company its shows the Jct is much larger then
Duke.
7. When we preference share capital of the company its shows that the Jct is much larger
than the Duke
8. When we see net worth of the company its shows the Jct is the much better than the
Duke.
CONCLUSION
Overall , if we see the company has less earnings and the investment it has made is
more which will help them to earn the profit in long term.As we have seen 5
tabular for the study of the company , which shows that the company is having
gradual growth and comparatively the profit and earning per share are less.Jct and
duke is expected to have a great future and investment in it will be a wise idea if
you are expecting to have the profit at long term and ofcourse the part of risk is
more here as the company has more debt than the equity. Overall both company
market position and financial position is good in sound and market goodwill is
also good .