CHAPTER 1

INTRODUCTION
OF THE COMPANY

1
BRIEF HISTORY OF THE COMPANY
INFOWIZ is leading strategic IT Company offering integrated IT solution. INFOWIZ is having rich
experience managing global clients across various business verticals and align IT strategies to
achieve business goals. The various accreditations that we achieved for every service, we offer
reflect our commitment towards the quality assurance.
INFOWIZ is a 8 years young organization which has won the NATIONAL AWARD for 2 consecutive
years 2014-2015 & 2015-16 for BEST Industrial Training from Hon` able GOVERNER of Punjab &
Haryana Sh. Kaptan Singh Solanki. He is also the Chancellor of PTU & Punjabi University.
INFOWIZ is a member of Confederation of Indian Industry ( CII membership number – N4654P )
& also with an ISO Certification. We have a global foot prints in providing the off shore companies
of US, UK, France, Ireland, Canada and Australia with quality and timely Web and SEO
services.INFOWIZ is an organization which is established in the field of Web Development (PHP &
.NET), JAVA (Core as well as Advance), I-phone & Android Applications, Embedded systems (AVR,
PIC & ARM),Automation, ROBOTICS, Networking (MCSE, CCNA & RHSE) & in Mechanical.
Our skilled team of professionals make sure that the product is developed as per the customer’s
needs and keeping the customer informed about the development of their project from time to
time. We do not only emphasize on formulating an attractive solution to our clients but also
believe in providing a workable solution. INFOWIZ offers research based Search Engine Marketing
products that help achieve greater insights to customer’s online business. Our Research &
Development arm offers SEO tools for SEM professionals.
INFOWIZ also provides Technical Support & Consultancy to Software Companies like JIA Group,
Newzealand, Sagitech solutions Panchkula, Jarc infotech Mohali, Infonet Solution, Delhi etc.
OUR TEAM:-

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“A Ship is as good as the crew who sail her.”

Our Technical team of professionals handing, designing & delivering of projects has a strong
presence in the North India & the US. Our engineers are already working on the latest
technologies like I-Phone & Android Applications, Robotics, VLSI-VHDL, Embedded System,
Networking and Cloud computing.

1) Dr. Seema
(Managing Director)
She is the backbone of INFOWIZ and a woman with more than 9 year rich practical experience
who believes in taking up new ventures and projects.

2) Mr. kamaljot kansal

(Deputy Director)
A man who strongly feel that “Nothing is Impossible”. A very committed team leader who has
been professionally attached with Multinational companies for more than 18 years and has lead
the marketing teams in all states of North India.

3) Mr. Bonish singla

(Branch Manager)
A man who believes that “Honour Time & Place, then you will be honoured.” he has more
than 4 years solid industrial experience in a software companies & is very dashing &innovative
in his technical approach.
4) Ms. Urvashi
(Dean Academics)
A woman who believes that “Challenges are what make life interesting and overcoming them is
what makes life meaningful.” She has more than 3years experience in business development.

3
5) Er. Nishant Goyal
(Manager)
A woman believes that “don’t wait for extra ordinary opportunities, seize common occasions and
make them great.” She has more than 4 years experience in marketing field.

6) Er. Kamal Garg

(Head & Technical Advisor at US Branch)
More than 10 years industrial experience in US and smooth handling of the entire US business.

7) Ms.Mandeep Kaur
(Center Head- US Branch)
A woman who firmly believes that “In life, where you reach largely depends upon where you
start.” She joined this branch in the year 2007 and has given her immense inputs in bringing the
company to its present status.

COURSES Offered :-
For CSE/IT/MCA Professionals:-

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Web Development in PHP with LIVE Projects
Web Development in .NET with LIVE Projects
JAVA (Core as well as Advance ) with LIVE Projects
Android Applications with LIVE Projects
Web Designing (Photoshop, Coral Draw)
C#, Console Applications, VB.NET, ASP.NET
MySQL, SQL, ORACLE
Networking (MCSE, CCNA, RHSE)
SEO (Search Engine Optimization)
For ECE/EE/EIE/ME/CIVIL Professionals:-
Robotics With Live Project
VLSI-VHDL with Live Project
Embedded System Design with Live Project
Microcontroller with Live Project
Microprocessor with Live Project
PCB Designing
AVR & PIC Family
PCB and layout designing
AUTOMATION with Live Project
Project development with ARM processors
CATIA, PRO-E, AUTOCAD, SOLID WORKS.

Our core strength is our timely, technically and cost effective project delivery. We also provide
customers with designs as per their demands. INFOWIZ also provide JOB Oriented Industrial
Training of 1 year and 6/4/2 Months in CSE, IT, ECE, EE, ME, Civil, BBA,BCA,MBA, MCA & also for
Non-technical students . We help students in building their career.
For INFOWIZ

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OBJECTIVE OF THE TRAINING

To get families with the actual working environment in industry.

1) To work under an authority in discipline.
2) To find out the gap between practical knowledge and theoretical knowledge of ACCOUNT OR
FINANCE.
3) To complete the training report.
4) To complete the MFC a two year course.
5) To know the financial position of the industry.
6) To determine the profit of company

6
INTRODUCTION OF TOPIC
FINANACIAL STATEMENT

7
FINANCIAL STATEMENT ANALYSIS

The term ‘financial analysis’,also known as analysis and interpretation of financial

statement’,refers to the process of determining financial strengths and weaknesses of the firm
by establishing strategic relationship between the terms of the balance sheet ,profit and loss
account and other operative data ‘’Analysing financial statements’’,according to metcalf and
titard,’’is a process of evaluating the relationship between component parts of a financial
statement to obtain a better understanding for a firm’s position and performance.’
’

 OBJECTIVES AND IMPORTANCE OF FINANCIAL STATEMENT ANALYSIS

1.To assess the earning capacity or profitability of the firm

2.To assess the operational efficiency and managerial effectiveness
3.To assess the short term as well as long term solvency position of the fir
4.To identify the reason for change in profitability and financial position of the firm.
5.To make inter-firm comparison
6. To make forecast about future prospectus of the firm.
7. To access the progress of the firm over the period of time.
8. To help in decision making and control.
9. To guide or determine the dividend action.
10.To provide important information for granting credit.

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PARTIES INTERESTED IN FINANCIAL ANALYSIS
The following parties are interested in the analysis of financial statements:-
1.Investors
2.Management
3.Creditors or suppliers
4.Bankers and financial institution
5.Employes
6.Government
7.Trade associations
8.Stock exchanges
9.Economists and researchers
10. Taxations Authorities

Procedure of Financial Analysis

Broadly speaking there are three steps involved in the analysis of financial statements. These are:
1) selection 2) classification 3) interpretation. The first involve selection of information relevant
to the purpose of analysis of financial statements. The second step involved is the methodical
classification of the data and the third step includes drawing of inferences and conclusions
The following procedure is adopted for the analysis and interpretation of financial statements:

1.The analyst should acquaint himself with the principles and postulates of accounting. He should
know the plans and policies of the management so that he may be able to find out whether these
plans are executed or not.

2.The extent of analysis should be determined so that the sphere of work may be decided. If the
aim is to find out the earning capacity of the firm then analysis of income statement is to be
undertaken. On the other hand if financial position is to be studied then balance sheet analysis
will be necessary.

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3.The financial data given in the financial statements should be re-organized and re-arranged. It
will involve the grouping of similar data under same heads, breaking down of individual
components of statements according to nature. The data is reduced to a standard form.

4.A relationship is established among financial statements with the help of tools and techniques
of analysis such as ratio, trends, common size etc.

5.The information is interpreted in a simple and understandable way. The significance and utility
of financial data is explained for helping decision taking.
6.The conclusions drawn from interpretation are presented to the management in the form of
report.
Types of Financial Analysis

We can classify various types of financial analysis into different categories depending upon
1) the material used
2) the method of operation followed in the analysis or the modus operandi of analysis.
On the basis of material used: According to material used, financial analysis can be of two types

a) external analysis b) internal analysis.

a)External analysis: This analysis is done by outsiders who do not have the asses to detailed
internal accounting records of the business firm. These outsiders include investors, potential
investors, creditors, potential creditors, government agencies and general public.

b)Internal Analysis: The analysis conducted by the persons who have the asses to the internal
accounting records of a firm is known as internal analysis. Such as analysis can be performed by
executives and employees of the organization as well as government agencies which have
statutory powers vested in them.
On the basis of modus operandi: according to the operation followed in the analysis, financial

10
analysis can also be of two types: a) horizontal analysis and b) vertical analysis.
a)Horizontal Analysis: Horizontal analysis refers to the comparison of financial data of a
company for several years. The figures of various years are compared with standard year base
year is year chosen as beginning point. This type of analysis is also called ‘Dynamic Analysis’.

b)Vertical Analysis: Vertical analysis refers to the study of relationship of the various items in
the financial statements of one accounting period.
1.On the Basis of Entities Involved: on the basis of entities involved in the analysis, it can be of
two types: a) cross sectional b) time series.

a.Cross Sectional: Cross sectional analysis involves comparison of financial data of a firm with
other firms averages for the same time period.a.Time Series: Time series analysis involves the
study of the performance of the same firm over a period of time.

1.On the Basis of Time Horizon: On the basis of time horizon, financial analysis can be of two
types: (a) short term analysis and( b) long term analysis.

A .Short Term Analysis:- Short term analysis measures the liquidity if the firm.
b. Long Term Analysis:- Long term analysis involves the study of firm’s ability to meet the interest
costs and repayment schedules of its long term obligations. The solvency, stability and
profitability are measured under this type of analysis.

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Goals
Financial analysts often assess the firm's:

1. Profitability -its ability to earn income and sustain growth in both short-term and long-term. A
company's degree of profitability is usually based on the income statement, which reports on the
company's results of operations;

2. Solvency - its ability to pay its obligation to creditors and other third parties in the long-term;

3. Liquidity - its ability to maintain positive cash flow, while satisfying immediate obligations;

4. Stability- the firm's ability to remain in business in the long run, without having to sustain
significant losses in the conduct of its business. Assessing a company's stability requires the use
of both the income statement and the balance sheet, as well as other financial and non-financial
indicators.

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Methods of Financial Analysis
A numbers of methods or devices are used to study the relationship between different
statements. The following methods of analysis are generally used:
1) Comparative Statements
2) Trend Analysis
3) Common- Size Statements
4) Funds Flow AnalysiS
5) Cash Flow Analysis
6) Ratio Analysis
7) Cost- Volume-Profit Analysis

1.Comparative Statements:The comparative financial statements are statements of the

financial position of different period of time. The elements of financial position are shown in a
comparative form so as to give an idea of financial position at two or more periods. The
comparative statements may show:
a. Absolute figures (rupee amounts)
b. Changes in absolute figures
c. Absolute data in terms of percentages
d. Increase or decrease in terms of percentages

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A .Comparative Balance Sheet: The comparative balance sheet analysis is the study of the
trend of the same items, and computed items in two or more balance sheets of the same business
enterprise on different dates. The changes in periodic balance sheet items reflect the conduct of
a business. The changes can be observed by comparison of balance sheet at the beginning and at
the end of the period and these changes can help in forming an opinion about the progress of an
enterprise

Advantages of Comparative Balance Sheet:

The following are the main advantages of the comparative balance sheet:
 The comparative balance sheet depicts the position of the firm on different dates and
also the extent of the increase or decrease between these dates.
 The comparative balance sheet shows the position of the firm as well as it marks out
travels over a period of time.
 Comparative balance sheet highlights the change as well as the position whereas in
single balance sheet only position can be known
 Comparative balance sheet bridges the Balance Sheet and Profit & Loss Account. It
shows the effects of operations on the assets, liabilities and capital.

b.Comparative Income Statement: The comparative income statement gives the

results of the operations of the business. The statement discloses the net profit or net loss
resulting from the operation of the business. Such statements show the operating results for
a number of accounting periods so that changes in absolute data from one period to another
period may be stated in terms of absolute changes or in terms of percentages. This statement
helps in deriving meaningful conclusion as it is very easy to ascertain the changes in sales
volume, administrative expenses, selling and distribution expenses, cost of sales etc.

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 2)Trend Analysis: This analysis is important tool of horizontal financial analysis. This
analysis enables to know the changes in the changes in the financial function and operational
between the times periods chosen by studying the trends of each item we can know the
direction of changes. Under this method the trend percentage are calculated for each item of
the financial statements taking the figure of base year as 100. The starting year is usually taken
as base year. The trend percentages show the relationship of each item with its preceding
year’s percentages
.
While calculating the trend percentages, the following precautions may be taken:
1)The accounting principles and practices must be followed constantly over the period
Which the analysis is made.This is necessary to maintain consiste and comparability.
2) The base year selected should be normal and representative year.
3) Trend percentages should be calculated only for those items which have logical
Relationship in one another.
4) Trend ratios of each item in other statement is calculated with reference to the same
in the base statement by using following formula: ABSolute value of item in the
under study/ absolute value of the same item in the base statement*100
5) Trend percentages should also be carefully studied after considering the absolute
figures on which these are based. Otherwise they may give misleading conclusions.
To make the comparison meaningful, trend percentage of current year should be adjusted in
the light of price level change as compared to base year.
Limitation of Trend Ratios:-
The following are the main limitation of the trend ratios:
1) Trend ratios become incomparable if the same accounting practices are not followed.
2) Trend ratios do not take into consideration the price level changes.
3) Trend ratios must always be read with absolute data on which they are based, otherwise
the conclusions may be misleading.
4) The trend ratios have to be interpreted in the light of certain non financial factors like
economic condition, government policies, change in income and its distribution etc.

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 3) Common Size Statement:- Common size financial statements are those in which
figures reported are converted to some common base. Items in the financial statements are
presented as percentage or ratios to total of the items and a common base for comparison is
provided. Hence vertical analysis becomes possible. Each percentage shows the relation of
the individual item to its respective total. Common size statements may be used for balance
sheet as well as income statement. The short-comings in comparative statements and trend
percentages where changes in items could not be compared with totals have been covered
up. The analyst is able to assess the figures in relation to values.

1) Common Size Income Statement: In such a statement, sales figure is assumed to

be equal to 100 and all other figures of cost or expenses are expressed as percentage of sales.
The increase in sales will certainly increase the selling expenses and administrative or
financial expenses. In case the volume of sales is increases to a certain extent,

2) Common Size Balance Sheet: In a common size balance sheet, total assets or total
liabilities are taken as 100 and all figures are expressed as percentage of total, comparative
common size balance sheet for different periods helps to highlight the trend in different items. If
it is prepared for different firms in an industry, it facilitates to judge the relative soundness and
helps in understand their financial strat
The common size balance sheet can be used to compare companies of different sizes. The
comparison of figures in different periods is not useful because total figures may be affected by a
numbers of factors. It is not possible to establish standard norms for various assets. The trends of
figures from year to year may not be studied and even they may not give proper results.
Administrative and financial expenses may go up. So, a relationship between sales and other items
in income statements. Comparative income statements for different periods help to reveal the
efficiency or otherwise of incurring any cost or expenses. If it is being prepared for two firms, it
shows the relative efficiency of cash cost items for the two firms.

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4) Funds Flow Statement: This statement is prepared in order to reveal clearly the various
sources where from the funds are procured to finance the activities of a business concern during
the accounting period and also brings to highlights the uses to which these funds are put during
the period.
Importance of funds flow statement: The importance of funds flow statement can be well
followed from its various uses given below:
a) It helps in the analysis of financial operations: The funds statements reveal the net effect
of various transactions on the operational and financial position of the concern. It explain the
causes for changes in the assets and liabilities between two different points of time and also
the effect of these changes on the liquidity position of the company.
b) It helps in the formation of dividend policy: Sometimes a firm has sufficient profits available
for distribution as dividend but yet it may not be advisable to distribute dividend for lack of
liquid or cash resources. In such cases a fund flow statement helps in the formation of a
realistic dividend policy.
c) It helps in the proper allocation of resources: A projected funds flow statement constructed
for the future helps in making managerial decisions.
d) It helps as a future guide: A projected funds flow statement act as a guide for future to the
management. The management can come to know the various problems it is going to face in
near future for want of funds.
Limitations of Funds Flow Statement:
The funds flow statement has a number of uses; however, it has certain limitations also, which
are listed as below:
a) Funds flow statement is not a substitute of an income statement or balance sheet. It
provides only some additional information as regards changes in working capital.
b) It cannot reveal continuous changes.
c) It is not an original statement but simply are-arrangement of data given the financial
statements.
d) It is essentially historic in nature and projected funds flow statement cannot be prepared
with much accuracy.

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5) Cash Flow Statement: This statement is prepared to know clearly the various items of
inflow and outflow of cash. It is an essential tool for short term financial analysis and is very helpful
in the evaluation of current liquidity of business concern. It helps the business executives of a
business in the efficient cash management and internal financial management.
Importance of Cash Flow Statement: It is an essential tool of financial analysis for short-term
planning. The chief advantages of cash flow statement are as follow:
a) Since a cash flow statement is based on the cash basis of accounting, it is very useful in the
evaluation of cash position of a firm.
b) A project cash flow statement can be prepared in order to know the future cash position
of a concern so as to enable a firm to plan.
c) A comparison of the historical and projected cash flow statements can be made so as to
find the variations and deficiency or otherwise in the performance so as to enable a firm to

Limitations of Cash Flow Statement:

Despite a number of uses, cash flow statement suffers from the following limitations:
a) As cash flow statement is based on cash basis of accounting, it ignores the basic accounting
concept of accrual basis.
b) Some people feel that as working capital is wider concept of funds, a funds flow statement
provides a more complete picture than cash flow statement.
c) Cash flow statement is not a substitute for judging the profitability of the firm as non-cash
charges are ignored while calculating cash flows from operating activities.
d) A cash flow statement is not a substitute of an income statement; it is complementary to
an income statement.

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6) Ratio Analysis: It is done to develop meaningful relationship between individual items or
group of items usually shown in the periodical financial statements published by the concern. An
accounting ratio shows the relationship between the two inter related accounting figures as gross
profit to sales, current liabilities, loaned capital to owned capital etc.
The ratios are of different types. These are as follow:
 Liquidity Ratios
 Profitability Ratios
 Activity/Turnover or performance ratios
 Stability Ratios

7).Cost-Volume-Profit Analysis:- Cost-volume-profit analysis is a technique for studying the

relationship between cost, volume and profit. Profits of an undertaking depend upon a large
number of factors. But the most important of these factors are the cost of manufacture, volume
of sales and the selling prices of products. The three factors of CVP analysis i.e. costs, volume and
profit are interconnected and dependent on one another. For example, profits depend upon sales,
selling price to a large extent depends upon cost and cost depends upon volume of productions
it is only the variable cost that varies directly with production, whereas fixed cost remains fixed
regardless of the volume produced. In cost-volume-profit analysis an attempt is made to analyze
the relationship between variations in cost with variations in volume.

19
Financial Statement
(Ratio) Analysis

20
Financial Statement Analysis Company:
Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a
company's financial statements to make better economic decisions. These statements include
theincome statement,balance sheet,statement of cash flows, and statement. Financial statement
analysis is a method or process involving specific techniques for evaluating risks, performance,
financial health, and future prospects of an organization.
Financial statement analysis should focus primarily on isolating information useful for making a
particular decision. The information required can take many forms but usually involves
comparisons, such as comparing changes in the same item for the sane company over a number
of years, comparing key relations within the same year or comparing the operations of several
different companies in the same industry.
Infowiz company maintains the International Accounting Standards (IAS) rules and regulation.
The rules using by this company are
IAS 1:51(a) Infowiz company

IAS 1:10(c) Notes to the Financial Statement

IAS 1:51(c) Analyzing Year

IAS 1:138 Legal Status and Nature of Company

IAS 1:38(a) Registered Office and Principal Place of Business

IAS 1:38(b) Principal Activities and Nature of operation

IAS 1:112(a) Basis of Preparation

IAS 1:117(a) Basis of Management

IAS 16:30 Depreciation of Fixed Assets

IAS 2:36 Valuation of Inventories

IAS 12 Taxation

IAS 37 Provision

IAS 1:36 Basis of Reporting

IAS 1:79 Earnings Per Share (EPS)

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 CHAPTER -2

REVIEW OF LITERATURE

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LITERATURE REVIEW
A healthy and vibrant economy requires a financial system that moves funds from people who
save to people who have productive investment opportunities. The financial system is complex in
both structure and function throughout the world. It includes many different types of
institutions’: banks, insurance companies, mutual funds, stock and bond markets, etc.
According to Spong(2000), efficiency and competition are closely linked. In a competitive
banking system, banks must operate efficiently and utilize their resources wisely if they are to
keep their customers and remain in business. Zerayehu et al., (2013) also argued that survival in
today’s competitive environment totally depends on performance and growth. Competition has
implications for efficiency, innovation, pricing, availability of choice, consumer welfare, and the
allocation of resources in the economy.
Theories of compny Profitability
According to literatures, company performance studies have been started in the late 1980s
and/or
early 1990s. These studies revolve on different theories. For Instance, the signaling theory,
which elaborates the relationship between capital and profitability, suggests that higher capital is
a positive signal to the market of the value of company. (Berger, 1995)
By the same token, a lower leverage indicates that banks perform better than their competitors
who can’t raise their equity without further deteriorating the profitability (Ommeren, 2011).
Company cost hypothesis on the other hand, argues that in case where bankruptcy costs are
unexpectedly high , a company holds more equity to avoid period of distress (Berger, 1995).
Hence,
both the signaling theory and bankruptcy cost hypothesis support the existence of a positive
relationship between capital and profitability. However, the risk-return hypothesis suggests that
increasing risks, by increasing leverage of the firm, leads to higher expected return (profitability)
on one hand and it will definitely reduce the equity to asset ratio (represented by capital) on the
other hand. Thus, risk-return hypothesis predicts a negative relationship between capital and
profitability. (Obamuyi, 2013)

23
Contrary to the above argument, Modigliani - Miller theorem conclude that no relationship exists
between the capital structure (debt or equity financing) and the market value of the bank
(Modigliani and Miller, 1958). In other words, no relationship exists between equity to asset
ratio and funding costs or profitability under perfect market. However, when the concept of
Money Market’s perfect market is scrutinized there is no such a thing in the real world owing to
agency problem, information asymmetry problem, existence of transaction costs, etc. Thus, when

the perfect market does not hold there could be a possible negative relationship between capital
and profitability. Ommeren, (2011), Olweny and Shipho (2011) argued that the Market Power
theory (MP) assumes bank profitability is a function of external market factors, while the
Efficiency Structure (ES) theories and the balanced portfolio theory largely assume that bank
performance is influenced by internal efficiencies and managerial decisions. Despite the
existence of several models to deal with bank specific aspects, none of the models are believed
to
be sufficient to express all bank specific behaviors in a holistic manner, the researchers assets.

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 CHAPTER-3

RESEARCH METHODOLOGY

RESEARCH METHODOLOGY
Research methodology is a way to systematically solve the research problem. It

25
may be understood as a science of studying now research is done
systematically. In that various steps, those are generally adopted by a researcher
in studying his problem along with the logic behind them.
It is important for research to know not only the research method but also know
methodology. ”The procedures by which researcher go about their work of
describing, explaining and predicting phenomenon are called methodology.”
Methods comprise the procedures used for generating, collecting and evaluating
data. All this means that it is necessary for the researcher to design his
methodology for his problem as the same may differ from problem to problem.
Data collection is important step in any project and success of any project will
be largely depend upon now much accurate you will be able to collect and how
much time, money and effort will be required to collect that necessary data, this
is also important step.

Questioning:-
Actually no particulars questionnaire was prepared. Question related to problems and data tallied
with CA, FM & accountants of the company.

26
 CHAPTER-4

COLLECTION OF DATA

COLLECTION OF DATA

Analysis of various types of data, statements are also made during the study by using standard

27
formulas.
1) Data is collected in the form of the primary and secondary data.
2) Data collection plays an important role in research work. Without proper data.
3) Available for analysis you cannot do the research work accurately.

2.2) Types of data collection

There are two types of data collection methods available.
1. Primary data collection
2. Secondary data collection
Primary data
The primary data is that data which is collected fresh or first hand, and for first
time which is original in nature. Primary data can collect through personal
interview, questionnaire etc. to support the secondary data.
Secondary data
The secondary data are those which have already collected and stored.
Secondary data easily get those secondary data from records, journals, annual
reports of the company etc. It will save the time, money and efforts to collect
the data. Secondary data also made available through trade magazines, balance
sheets, books etc.
This project is based on primary data collected through personal interview of
head of account department, head of SQC department and other concerned staff
member of finance department. But primary data collection had limitations such
as matter confidential information thus project is based on secondary data.

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 CHAPTER -5

DATA ANALYSIS AND

INTERPRETATION

Liquidity Ratio:

1 Current Ratio:

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 Year 2010 2011 2012 2013 2014

Current Ratio 1.388 0.840 0.777 0.743 0.655

Table 4.1.1: Current Ratio

Graphical Presentation:

Figure 4.1.1: Current Ratio

Interpretation: There is a downward trend of Current ratio. It sharply declined from 2010 to

2014 and reached only at 0.655. This indicates, over the time period, infowiz co. greatly lose its
capacity to pay their current obligations by using its current assets. All of the ratios of the years are
less the 2, which indicates they are in risky position in current ratio.

2. Working Capital:

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 Year 2010 2011 2012 2013 2014

Working (14222599) (176291858) (317274134)

( 95751007)
capital (62462665)

Table 4.1.2: Working capital

Figure 4.1.2: Working Capital

Interpretation: In 2010, working capital was in worst position. However, infowiz co. working
capitals from 2011 to2014 are minus figure. These minus figure show that company‟s working
capitals have not good performance means that, their current liabilities are greater than their
Current assets. It indicates, infowiz co. has great problem to maintain liquidity.

3. Current Ratio:

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 Year 2010 2011 2012 2013 2014

Cash Conversion 145 -7 74 72 46

Cycle

Table 4.1.3: Cash Conversion Cycle

Graphical Presentation:

Figure 4.1.3: Cash Conversion Cycle

Interpretation: Cash conversion cycle is the time it takes a company to convert its resource
inputs into cash. It measures how effectively a company is managing its working capital. We can
see that, cash conversion cycle was highly efficient in 2011 They needed -7 days to convert their
assets into cash and worst situation in 2010 when needed 145days.

Overall Interpretation of Liquidity Ratio of infowiz company

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Liquidity ratio expresses a company's ability to repay short-term creditors out of its total cash. It
is the result of dividing the total cash by short-term borrowings. It shows the number of times
short-term liabilities are covered by cash.

Ratios Interpretation Remarks

Current Ratio There is a downward trend of Current ratio Negative

Working There is a downward trend of Working capital Negative

capital

Cash There is a worst situation in cash conversion cycle Medium

Conversion except 2011.
Cycle

Liquidity Overall position of liquidity is not good Negative

Position

There is a downward trend of Current ratio, and Working capital. Again there is a worst situation
in cash conversion cycle except 2011. Hence, it can be seen that, overall position of liquidity is not
good. Infowiz co. need to take some immediate step to recovery liquidity position.

2. Asset Management/Efficiency Ratio

2.1. Inventory Turnover Ratio:

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 Year 2010 2011 2012 2013 2014

Inventory 3.3 3.9 2.3 2.5 3.4

Turnover Ratio

Table 4.2.1: Inventory Turnover Ratio

Graphical Presentation:

Figure 4.2.1: Inventory Turnover Ratio

Interpretation: Inventory Turnover Ratio measures how effectively inventory is managed by

Infowiz co. comparing cost of goods sold with average inventory for a period. Over the span of 5
years Inventory turnover ratio was worst position in 2012 at 2.3 It implies on that time infowiz
had poor sales and, therefore, excess inventory. However, in 2011 it was peak and reached 3.9,
which indicate strong sales or ineffective buying.

34
4.2.2 Total Asset Turnover Ratio:
Year 2010 2011 2012 2013 2014

Total Asset 57% 31% 24% 22% 35%

Turnover Ratio

Table 4.2.2: Total Asset Turnover Ratio

Graphical Presentation:

Figure4.2.2: Total Asset turnover Ratio

Interpretation: In 2010, total asset turnover ratio is 57%. After that, it declined and reached only
at 22% in 2013 which means, infowiz co.had lower ability to generate sales from its assets during
those time. This ratio also indicates, infowiz co.is not efficient to use its assets to generate sales.
However, it took recovery and reached 35% in 2014.

35
4.2.3. Average Collection Period/Days’ Sales Outstanding:
Year 2010 2011 2012 2013 2014

Days’ Sales 41.8 28.2 26.3 28.5 20.5

Outstanding

Table 4.2.3: Day‟s Sales Outstanding

Figure 4.2.3: Day‟s Sales Outstanding

Interpretation: It shows how well a company can collect cash from its customers. The sooner
cash can be collected, the sooner this cash can be used for other operations. Both liquidity and
cash flows increase with a lower day‟s sales outstanding measurement. Infowiz co. has a
downward trend of Days; sales outstanding. It declined from 41.8 days to 20.5days. This indicates
they increase their strange to collect cash from their customers over the time period.

36
2.4. Average payment Period:
Year 2010 2011 2012 2013 2014

Average Payment 252 255 221 226 160

Period

Table 4.2.4: Average Payment Period

Figure 4.2.4: Average Payment Period

Interpretation:Average payment period means the average period taken by the company in
making payments to its creditors. If this period will be low, it will be good for our liquidity because
more smartly, we will pay our creditors, more amount of credit purchase, we can get. From 2010
to 2013 infowiz co. was smartly maintain their liquidity by taking more days, 252 days and 226
days accordingly. However, in 2014 it takes 160 days for their credit purchase which cut their risk.
Overall average payment period is in good position because its liquidity is not satisfactory.
Overall Interpretation of Efficiency Ratio of Infowiz co.
Efficiency ratios also called activity ratios measure how well companies utilize their assets to
generate income.

Ratios Interpretation Remarks

Total Inventory Total Inventory Turnover Ratio is in good position Positive

Turn Ratio and reached peak in 2012.

Total Asset There is a downward trend of Total asset turnover Negative

turnover Ratio ratio.

Days Sales There was a downward trend of Days‟ sales positive

Outstanding outstanding.

Average Payment Satisfactory for liquidity. positive

Period

Efficiency Position Efficiency ratio of infowiz is medium position positive

Total Inventory Turnover Ratio is in good position and in 2011; it was peak and reached 3.9, which
indicate strong sales or ineffective buying. On the other hand, infowiz is not efficient to use its
assets to generate sales. However, it took recovery and reached 35% in 2014. Again, there was a
downward trend of Days‟ sales outstanding. However, there is a great strength in Average
Payment period. Overall, Efficiency ratio of infowiz co. is medium position if they can continue it,
they may improve the company.

38
3. Debt Management Ratio

3.1 Debt to Asset Ratio:

Year 2010 2011 2012 2013 2014

Debt to Asset 85% 58% 60% 56% 57%

Ratio

Table 4.3.1: Debt to Asset Ratio

Graphical Presentation:

Figure 4.3.1: Debt to Asset Ratio

Interpretation: This ratio measures the financial leverage of infowiz co. It fluctuated over the
time period and reached from 85% to 57%. Moreover, it is a downward trend. The company must
decrease their debt to asset ratio. Moreover, it performed greatly in 2013 at only 56%. They
must lower their debt level.

39
3.2 Times Interest Earned (TIE) Ratio:
Year 2010 2011 2012 2013 2014

TIE 3.55 5.76 1.27 0.10 0.29

Table 4.3.2: Times Interest Earned Ratio

Graphical Presentation:

Figure 4.3.2: Times Interest Earned Ratio

Interpretation: Times interest earned (TIE) ratio shows how many times the annual interest
expenses are covered by the net operating income (income before interest and tax) of the
company. In 2010 and 2011 it is adequate to protect the creditors‟ interest in the firm at 3.55
times and 5, 76 times respectively. After that, ratio is less than 1 in 2013 and 2014, means the
company is likely to have problems in paying interest on its borrowings.

40
Overall Interpretation of Debt Management Ratio of infowiz co.

Ratios attempt to measure the firm's use of Financial Leverage and ability to avoid financial
distress in the long run. These ratios are also known as Long-Term Solvency Ratios.
Ratios Debt Management Interpretation Remarks

Debt to Asset There is a downward trend of Debt to Asset Ratio. Negative

Ratio They must lower their debt level more.

Times Interest There is a problem in paying interest on its borrowing Negative

Earned Ratio after 2012.

Debt Overall position of debt management is in medium Negative

Management position because of times interest earned ratio.
Position

There is a downward trend of debt to asset ratio; it indicates company has lower level of liabilities
compared with assets and considered low leveraged and low risk but need to decrease more
debt. On the other hand, times interest earned ratio is less than 1 in 2013 and 2014, means the
company is likely to have problems in paying interest on its borrowings. Hence, overall position
of debt management ratio is not good.

41
 4.2. Profitability Ratio
4.4.1 Net Profit Margin Ratio:
Year 2010 2011 2012 2013 2014

Net Profit 17% 19% 11% 2% 5%

Margin Ratio

Table 4.4.1: Net Profit Margin Ratio

Graphical Presentation:

Figure 4.4.1: Net Profit Margin Ratio

Interpretation: Net Profit Margin Ration of infowiz increased slowly from 2010 to 2011 and
reached its peak in 2011 at 19%. After that, it dramatically declined and reached only at 2%. It
means, in 2011 infowiz is in high position in profitability by earned amount of net income with
each dollar of sales.Net profit margin is not in good position except 2011.

42
Gross Profit Margin Ratio

Year 2010 2011 2012 2013 2014

Gross ProfiT 28% 34% 32% 32% 32%

Margin Ratio

Figure 4.4.2: Gross Profit Margin Ratio

Interpretation: Gross margin ratio is a profitabilityratio that compares the gross margin of a
business to the net sales. Gross Profit of infowiz increased from 2010 to 2011 and reached its
peak at 34% and it remained constant at 32% from 2012 to 2014. Hence, it is in better posit

43
4.3 Operating Profit Margin Ratio:
Table 4.4.3: Oper

Year 2010 2011 2012 2013 2014

Operating Profit 26% 24% 2% 6%

22%
Margin Ratio

ating Profit Margin RatioPresentation:

Figure 4.4.3: Operating Profit Margin Ratio

Interpretation: Operating Profit Margin Ratio of infowiz cofluctuated over the time,itincreased
2010 to 2011 and reached 26% which is higher value and favorable for company, indicates which
indicates that more proportion of revenue is converted to operating income then it fall by 2%.
It dramatically declined in 2013 and reached only at 2%. It recovers and reached 6% in 2014 that
the profitability is improving. Overall operating profit margin ratio is good position except 2013.
44
 4.4 Return On Equity (ROE) Ratio:
Year 2010 2011 2012 2013 2014

ROE Ratio 32% 7% 3% 0% 2%

Table 4.4.4: Return on Equity (ROE) Ratio

Graphical Presentation:

Figure4.4.4: Return on Equity (ROE) Ratio

Interpretation: There is a downward trend of Return on Equity ratio. It dramatically falls from
2010 to 2011 and reached 7% only and then slowly declined till 2013 and gone to 0% then it
recovered and reached 2%. It indicates ability of infowiz co. to generate profits from its
shareholders investment getting worse on the time period, which is harmful for the company.

45
4.4.5. Return On Asset (ROE) Ratio:
Year 2010 2011 2012 2013 2014

ROA Ratio 10% 6% 3% 0% 2%

Table4.4.5: Return on Asset (ROA) Ratio

Graphical Presentation:

Figure.4.4.5: Return on Asset (ROA) Ratio

Interpretation: It emerge that, over the span of five years, return on asset of infowiz co.

dramatically declined and gone to zero in 2013. Furthermore, it increased by only 2% in 2014. It
indicates, net income produced by total assets is getting worse year by year. Hence, infowiz is
not efficient company to manage its assets to generate profits.

46
Overall Interpretation of Profitability Ratio of infowiz co.

Profitability is simply the capacity to make a profit, and a profit is what is left over from income
earned after you have deducted all costs and expenses related to earning the income.

Ratios Interpretation Remarks

Net Profit Margin Net profit margin is not in good position except Positive
Ratio 2011
Gross Profit There is a increasing trend in gross profit margin Positive
Margin Ratio ratio it remain constant from 2012 to 2014
Operating profit Overall operating profit margin ratio is good Positive
Marin Ratio except 2013.
Return on Equity There is a downward trend of Return on Equity Negative
ratio ratio
Return on Asset There is a downward trend of Return on Asset Negative
Ratio Ratio
Profitability Overall position is good except ROA and ROE Positive
Position
Infowiz co. is in high position in profitability by earned amount of net income with each dollar of
sales in 2011 but it is worst in other year‟s position except 2011. On the other hand, Gross
Profit Margin Ratio is in better position by improvement. Operating Profit Margin Ratio of infowiz
fluctuated over the time and overall operating profit margin ratio is good position except 2013.
Moreover, infowiz generates profits from its shareholders investment getting worse on the time
period. Hence, in profitability, infowiz is good enough and they need to concentrate more about
their Equity, Assets and sales.

47
Limitations of financial analysis:
Financial analysis is a powerful mechanism of determining financial strengths and weaknesses
of a firm. But, the analysis is based on the information available in the financial statements. Thus,
the financial analysis suffers from serious inherent limitations. Some of the limitations are
summed up as below:

1. It is only a study of interim reports.

2. Financial analysis is based only upon monetary information and monetary factors are
ignored.

3. It does not consider changes in price levels.

4. As the financial statements are prepared on the basis of a going concern, it does not
give exact position. Thus accounting concepts and conventions cause a serious
limitation to financial analysis.

5. Changes in accounting procedure by a firm may be often make financial analysis

misleading.

6. Analysis is only a mean and not an end in itself. The analyst has o make an
interpretation and draw his own conclusions. Different people may interpret the
same thing in different ways.

48
 CHPTER-6
FINDINGS OF THE STUDY

49
Findings:

The study, Financial Statement Analysis and Performance Evaluation of infowiz co., reveals the
following majors findings:

1. Infowiz co.greatly lose its capacity to pay their current obligations by using its current
assets, which indicates they are in risky position in current ratio.

2.Infowiz”s current liabilities are greater than their Current assets. It indicates, infowiz
has great problem to maintain liquidity.
3.Cash conversion cycle was highly efficient in 2011 They needed -7 days to convert their
assets into cash and worst situation in 2010 when needed 145days.
4.Infowiz co. has lower level of liabilities compared with assets and considered low
leveraged and low risk. Moreover, it performed greatly in 2013 at only 56%.
5.After 2012 Times Interest Earned ratio is less than 1, means the company is likely to
have problems in paying interest on its borrowings.
6.Net profit margin of infowiz co.is not in good position except 2011.

7.Gross Profit of infowiz co. increased from 2010 to 2011 and reached its peak at 34%
remained constant at 32% from 2012 to 2014
8.Ability of infowiz co. to generate profits from its shareholders investment getting worse
on the time period, which is harmful for the company and at the same time net income
produced by total assets, is getting worse year by year.

50
 CHAPTER -7

CONCLUSION,RECOMMENDATION

51
Conclusion:

INFOWIZ COMPANY is one of the private limited company in the industry in chandigarh,
which commenced in 2005. The study concentrated on the financial performance
evaluation. The products line of infowiz co. is much diversified in terms of items and
designs. It has been able to develop house brands namely infowiz company a software
solutions . Infowiz co. has tremendous problem in maintaining liquidity but they try to
main it by delay payment to their creditors. At the same time it is not so good in debt
management. However, infowiz co. is highly efficient to control its inventory, creditors and
sales. On the other hand, infowiz co.is in high position in profitability by improving net
profit, gross profit and operating profit. Though they have problems in ROE and ROA they
should recover it by giving deep concentration. Overall it is take good position in market
by improving.

52
 Recommendation:

The Financial Statement Analysis and Performance Evaluation of infowiz co.require the following
recommendation that may help the INFOWIZ CO.to improve financial Performace and to be a
key member in the ceramic sector of Bangladesh:

INFOWIZ CO. need to highly concern about their liquidity position. To recover their liquidity
performance they should collect their account receivable as soon as possible on the other hand,
delay payment to their suppliers (creditors) may help to recover liquidity position.

1. INFOWIZ CO. has poor sales and lower ability to generate sales from its assets, therefore,
excess inventory. They need to increase their sales by better advertisement process and
discount.

2. Times Interest earned ratio can be recovered by increase operating profit and operating
profit can be increased by assess administration and selling expenses. It is necessary to
reduce some amount of administration expenses which are getting higher day by day. By
the reduction of administration expense FCL can improve their operating profit also.

3. For recover the ROE INFOWIZ CO.need more common shareholders. They can increase
their Share holder by offering huge returns. Moreover, INFOWIZ CO.also needs to raise
its Total Asset by increasing their investment and Account receivable because both items
are poor in amount.

4. INFOWIZ CO. maintain higher Average payment period for better liquidity but it will be
cause of risk in a long run. So need to more concern about delay payment.

53
ANNEXURE

54
Comparative Balance Sheet of Year 2012 – 2013
Particulars 31-3-2012 31-3-2013 Change in Change in
Absolute Percentage
Figures
a). Fixed 163023953.48 166563012.88 3539059.40 2.17%
Assets
b). Investment 12520825.00 12520825.00 Nil -----
c). Total 114935984.38 179654732.78 64718748.40 56.3%
Current Assets
d). Net Deficit 144222529.96 115999332.04 (28229198.00) (19.5%)
TOTAL 434703292.96 474737903.00 40034610.00 9.20%
ASSETS

a). Paid-up & 13304667.00 13487561.00 182894.00 1.37%

Subscribed
Share Capital
b). Reserves & 7334224.36 5982500.36 (1351724.00) 18.43%
Surplus
c). Secured 35452780.00 ----- ----- -----
Loan
d). Current 176414135.50 109785436.77 (66628699.00) 37.7%
Liabilities
e). Inter Unit 66104428.94 206114427.15 140009998.21 211.8%
Balance
f). 136093057.00 139367977.42 3274920.42 2.40%
Depreciation

55
 Reserve Fund
TOTAL 434703292.80 474737903.00 40034610.20 9.20%
LIABILITIES

INTERPRETATION: There is increase in percentage of total assets and liabilities.

There is increase in fixed and current assets by 2.17% and 56.3% respectively.
Liabilities increased by 9.20 There is a net deficit of 19.5%.

Comparative Balance Sheet of Year 2013 – 2014

56
Particulars 31-3-2013 31-3-2014 Change in Change in
Absolute Percentage
Figures
a). Fixed 166563012.88 169252983.88 2689951.00 1.61%
Assets
b). Investment 12520825.00 12520825.00 Nil -----
c). Total 179654732.78 284397659.86 104742927.08 58.30%
Current Assets
d). Net Deficit 115999332.04 84386622.66 (31612709.38) (27.25%)
TOTAL 474737903.00 550558071.40 75820168.40 15.97%
ASSETS

a). Paid-up & 13487561.00 13716079.00 228518.00 1.69%

Subscribed
Share Capital
b). Reserves & 5982500.36 5271511.36 (710989.00) (11.88)%
Surplus
c). Secured ----- 7000000.00 ----- -----
Loan
d). Current 109785436.77 1398875528.96 30102091.30 27.41%
Liabilities
e). Inter Unit 206114427.15 241923245.56 35808819.40 17.37%
Balance
f). 139367977.42 142759706.42 35808819.40 2.43%
Depreciation
Reserve Fund

57
 TOTAL 474737903.00 550558071.40 75820168.40 15.97%
LIABILITIES

INTERPRETATION: There is increase in percentage of total assets and liabilities.

There is increase in fixed and current assets by 1.61% and 58.30% respectively.
Liabilities increased by 15.97%
Net deficit increased from 19.5% to 27.25%.

Comparative Balance Sheet of Year 2014– 2015

58
Particulars 31-3-2014 31-3-2015 Change in Change in
Absolute Percentage
Figures
a). Fixed 169252983.88 171135413.88 1882450 1.11%
Assets
b). Investment 12520825.00 12522025.00 1200 0.009%
c). Total 284397659.86 214753583.61 (69641076) 24.48%
Current Assets
d). Net Deficit 84386622.66 31406373.46 (529202.49) (62.72%)
TOTAL 550558071.40 429817396.00 (120740675.00) (21.93)%
ASSETS

a). Paid-up & 13716079.00 14011070.00 294991.00 2.15%

Subscribed
Share Capital
b). Reserves & 5271511.36 5335483.36 103972.00 1.97%
Surplus
c). Secured 7000000.00 50000000.00 43000000.00 6.14.2%
Loan
d). Current 1398875528.96 146761676.59 6874148.53 4.91%
Liabilities
e). Inter Unit 241923245.56 67859443.58 (174063803.00) 71.95%
Balance
f). 142759706.42 145809722.42 3050016.00 2.13%
Depreciation
Reserve Fund

59
 TOTAL 550558071.40 429817396.00 (120740675.00) (21.93)%
LIABILITIES

INTERPRETATION: There is decrease in percentage of total assets and liabilities.

Net deficit increased from 27.25% to 62.72%.

Comparative Balance Sheet of Year 2015 – 2016

60
Particulars 31-3-2015 31-3-2016 Change in Change in
Absolute Percentage
Figures
a).Fixed 171135413.88 172923909.88 1788496.00 1.04%
Assets
b). Investment 12522025.00 12522025.00 ----- -----
c).Total 214753583.61 188224387.06 (26529197.00) (12.35)%
Current Assets
d). Net Deficit 31406373.46 ----- ----- -----
TOTAL 429817396.00 373670322.00 (56147074.00) (13.06%)
ASSETS

a). Paid-up & 14011070.00 14208112.00 197042.00 1.40%

Subscribed
Share Capital
b). Reserves & 5335483.36 6150139.36 774656.00 14.41%
Surplus
c). Secured 50000000.00 50000000.00 ----- -----
Loan
d). Current 146761676.59 109905379.14 (36856297.00) (25.11%)
Liabilities
e). Inter Unit 67859443.58 44241782.42 (23617661.00) (34.8)%
Balance
f). 145809722.42 148946518.42 3136796.00 2.15%
Depreciation
Reserve Fund

61
 g). Net Profit ----- 218390.67 ----- -----
TOTAL 429817396.00 373670322.00 (56147074.00) (13.06%)
LIABILITIES

INTERPRETATION: There is decrease in percentage of total assets and liabilities.

There is a decrease in current assets by 12.35%.
Current liabilities and inter unit balance is also negative by 25.11% and 34.8% respectively.
There is a profit of 218390.67.

62
Comparative Balance Sheet of Year 2016 – 2017
Particulars 31-3-2016 31-3-2017 Change in Change in
Absolute Percentage
Figures
a). Fixed 172923909.88 182395785.88 9471876.00 5.47%
Assets
b). Investment 12522025.00 12522025.00 ----- -----
c). Total 188224387.06 318667012.39 130442625.00 69.30%
Current Assets
d). Net Deficit ----- ----- ----- -----
TOTAL 373670322.00 513584823.27 139914501.00 37.44%
ASSETS

a). Paid-up & 14208112.00 14485112.00 277000.00 1.94%

Subscribed
Share Capital
b). Reserves & 6150139.36 13518802.36 7368663.00 119.81%
Surplus
c). Secured 50000000.00 57365000.00 7365000.00 14.73
Loan
d). Current 109905379.14 196589073.98 86683695.00 78.87%
Liabilities
e). Inter Unit 44241782.42 58504787.78 14263005.40 32.23%
Balance
f). 148946518.42 152201964.42 32554467.00 2.18%
Depreciation

63
 Reserve Fund
g). Net Profit 218390.67 20920082.73 20701692.1 9479.20%
TOTAL 373670322.00 513584823.27 139914501.00 37.44%
LIABILITIES

INTERPRETATION: There is increase in percentage of total assets and liabilities.

There is increase in fixed and current assets by 5.47% and 69.30% respectively.
Liabilities increased by 37.44%
Net profit increased by 9479.20%

64
Profit & loss a/c for the year ended 30th MAY 2018( Rs. In lacs)
Particulars Schedule 30th MAY 2018 30thjune 2017
Income:--
Sales:- other income 119570.57 89496.32
Expenditure:-
Material manufacturing exp. 9 70958.34 54453.48
Personal exp. 10 5205.15 4188.30
Administration selling exp. 11 2389.08 2021.84
Financial exp. 2478.80 2025.37
Total 81031.37 62688.94
Profit before dep. 38539.20 26807.33
Dep. 6333.92 4973.67
Profit before tax 32205.28 21833.66
Provision for taxation
Current tax 3626.92 1817.76
Deffered tax 4993.92 3660.87
Profit after tax 23584.44 16355.03
Add: accumulated profit 3863.16 38.75
Balance available for app. 27447.60 16393.78
Approprication:-- 10000.00 9600.00
Transfer to general reserve 300.37 0.00
Tra. to sinking fund 0.00 130.75
Tra. to prefer share red.reserve a/c 3923.71 2447.62
Tra. to equity share 41.27 0.00
Tra. to tax for previous year 5.62 7.87
Dividend on preference share 667.87 344.38
Provision for dividend tax 12508.76 3863.16
Surplus carried to b/s 18.86 14.71
Earning per share(eps)

65
Balance sheet as on 30th june 2010(rs. In lacs)
Particulars shedule 30thjune 2010 30th june 2009

1) sources of funds
(a) share capital 1 2615.81 2578.37
(b) reserves surplus 2 166295.46 129872.19
2) loan funds
(a) secured 3 10202.70 13472.36
(b) unsecured 117151.16 150783.98
Total 296265.13 296706.90
(1) application of funds:-
Fixed assets
Gran block 4 203469.29 93278.59
Less:- dep. 27292.63 20994.29
Net block 176176.66 72284.30
(2) investment 5 31010.35 32477.85
(3) current assets: loan & 6
Advance
a) current assets
interest rec. 8.87 259.60
stock 15771.39 14009.88
debtors 15165.52 11950.63
cash , bank 39322.89 142187.12
b) loan & advance 44270.79 208767.29
less:- current liab. & provision 7
current liab.
Provision 17669.60 12851.84
Total current liab. & provision 8217.45 4610.52
net current assets 25887.05 17462.36

66
4) miscellaneous exp. 88652.41 191304.93
Total 425.71 639.82
296265.13 296706.90

67
 Bibliography

Bibliography

1.Project profile 2013, 2014 of infowiz company.

2.Auditing report 2010, 2011, 2012, 2013 and 2014 of INFOWIZ COMPANY.

3..WWW.Infowiz.com.bd

4. https://en.wikipedia.org/wiki/infowiz co.

.

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