A Study on Working Capital Management at Karnataka Silk Industries Corporation Ltd., Bengaluru.

Abstract

Silk was found during 2640 B.C. in China. Chinese Empress, His LingShi concentrated the silkworm and educated the craft of loosening up the silk from the case and made silk texture from it. This was the start of silk industry in China. The Karnataka Silk Industries Corporation (KSIC) has been granted the Certificate of Geographical Indication for Mysore Silk, raising it to a brand name for its restrictive utilize. From now on, all Mysore Silk saris sold by the KSIC will accompany the logo IPI, which means Intellectual Property India. The internship duration was from 03-01-2019 to 16-02-2019. The topic I have selected for the study is “A study on Working capital Management at KSIC Limited, Bangalore”. The significant objective of this study is to analysis the working capital of the company, to calculate the working capital ratio and profitability ratio, to find out the effective working capital for profitability to check the working capital management performance different financial ratios were used. For this study data was collected from secondary sources. This is an analytical study, sample size for the study is 5 years financial statement is taken. In this study researcher find out working capital turnover is varying from year to year and the working capital turnover is least in 2018, Company has a quite favorable progress in the inventory turnover, Debtors turnover is claiming up every year which shows better management. Creditors turnover ratio decreasing consequently which claiming that company may perhaps use that money to outlay in other endeavors. and researcher concludes that the financial performance of the company is satisfactory because the company as maintain the maximum current ratio of 6.50 as compared with the standard 2:1 as a government sector under taking the company has excel in all aspect in terms financial performance the revenue has been increased year after year.