Financial Management

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying generalmanagement principles to financial resources of the enterprise.

Scope/Elements

1. Investment decisions includes investment in fixed assets (called as capital budgeting). Investment in current assets are also a part of investment decisions called as working capital decisions.

2. Financial decisions - They relate to the raising of finance from various resources which will depend upon decision on type of source, period of financing, cost of financing and the returns thereby.

3. Dividend decision - The finance manager has to take decisionwith regards to the net profit distribution. Net profits aregenerally divided into two:

a. Dividend for shareholders- Dividend and the rate of it has to be decided.

b. Retained profits- Amount of retained profits has to be finalized which will depend upon expansion and diversification plans of the enterprise.

Objectives of Financial Management

The financial management is generally concerned with procurement,allocation and control of financial resources of a concern. The objectives can be-

1. To ensure regular and adequate supply of funds to the concern.

2. To ensure adequate returns to the shareholders which will depend upon the earning capacity, market price of the share,expectations of the shareholders.

3. To ensure optimum funds utilization. Once the funds are procured, they should be utilized in maximum possible way atleast cost.

4. To ensure safety on investment, i.e, funds should be invested in safe ventures so that adequate rate of return can be achieved.

5. To plan a sound capital structure-There should be sound and fair composition of capital so that a balance is maintained between debt and equity capital.

Functions of Financial Management

1. Estimation of capital requirements: A finance manager has tomake estimation with regards to capital requirements of the company. This will depend upon expected costs and profits and future programmes and policies of a concern. Estimationshave to be made in an adequate manner which increases earning capacity of enterprise.

2. Determination of capital composition: Once the estimation have been made, the capital structure have to be decided. This involves short- term and long- term debt equity analysis. This will depend upon the proportion of equity capital a company is possessing and additional funds which have to be raised from outside parties.

3. Choice of sources of funds: For additional funds to be procured, a company has many choices like-

a. Issue of shares and debentures b. Loans to be taken from banks and financial institutionsc. Public deposits to be drawn like in form of bonds.

Choice of factor will depend on relative merits and demeritsof each source and period of financing.

4. Investment of funds: The finance manager has to decide to allocate funds into profitable ventures so that there is safety on investment and regular returns is possible.

5. Disposal of surplus: The net profits decision have to be made by the finance manager. This can be done in two ways:

a. Dividend declaration - It includes identifying the rateof dividends and other benefits like bonus.

b. Retained profits - The volume has to be decided which will depend upon expansional, innovational, diversification plans of the company.

6. Management of cash: Finance manager has to make decisions with regards to cash management. Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of enough stock, purchase of raw materials, etc.

7. Financial controls: The finance manager has not only to plan, procure and utilize the funds but he also has to exercise control over finances. This can be done through many techniques like ratio analysis, financial forecasting, cost and profit control, etc.

FINANCIAL ANALYSIS

Financial statement analysis is an important part of overall financial analysis, based on the statements which are the end products of accounting system, viz., Balance Sheet and Profit andLoss Account.

Analysis of Financial Statements is a systematic process of the critical examination  the financial information contained in the financial statements in order to understand and make decisions regarding the operations in the firm. The Analysis of Financial Statements is a study of relationships among various financial facts an figures as set out in the financial statements i.e., Balance sheet and Profit and Loss Account . the complex data given in these financial statements is divided/broken into simpleand valuable elements and relationships are established between the elements of the same statement or different financial statements.

 Financial statements indicate certainabsolute information about assets, liabilities, equity,revenues,expenses and profit or loss of an enterprise. They are not readily understandable to the external users of financial statements . A financial analyst can adopt the following tools and techniquesfor analysis of the financial statements.

Comparative financial statements are the statements in which figures for two or more periods are placed side by side along

with change in figures in absolute and percentage terms to facilitate omparision. Both Profit and Loss Account andBalance Sheet are prepared in the form of Comparative Financial Statements.

Financial statement analysis gives structural relationships of the various items in the financial statements . the main functions which are used in the process of analysis and interpretation are:

1)Rearrangement of financial Statements

For analysis, it is necessary to reclassify the data contained inthe financial statements into purposive classes so that maximum information from very data for analysis can be obtained . reclassification and rearrangement of different data depend upon the purpose of analysis

2)Comparision:

After the classification of data of financial statements into different categories, it is necessary to derive comparative data of the same enterprise of the past periods if it is a time seriesanalysis. In case of cross-sectional analysis, it is necessary toderive comparative data of the same accounting period of similar of comparable enterprises. For this, a comparative study is necessary.

3)Analysis:

Comparative financial data are then analysed with reference ti financial characteristics like profitability , solvency and liquidity.

4)Interpretation:

The concluding part of financial statement analysis is interpretation of financial information generated in the process of financial statement analysis.The interpretation should be

precise and directed towards indicating the movement of various financial characteristics.

COMPANY PROFILE

We PRAKASA SPECTRO CAST(P) LTD , an ISO 9001:2008 certified company, estd in 1996  take the pleasure in introducing ourselvesas the manufacturers of various grades of CAST STEEL, CAST IRON ALLOY STELL, MANGANESE STEEL , S.G. IRON , Ni-Hard & High Chrome cast upto 10 MT single piece as per customer’s requirement .

We are located in the most important junction in South India i.e., VIJAYAWADA, connecting south to the other parts in INDIA. Ours is an Associate concern of M/S KRISTNA ENGINEERING WORKS oneof the leading Manufacturers of the systems and spares for Sugar Industries, Cement Industries, Thermal Power Plants, Mining plants and other Allied Industries for more than 4 decades.

We at heart have a strong commitment to quality and progress enabling us to keep up with Global developments in the field of Castings. In addition to satisfying the demand for extending the types and dimensions of the castings produced, it does its utmostto provide the best of the services.

Prakasa Spectro Cast has state-of-the-art manufacturing equipmentand facilities to produce quality steel castings supplying to leading OEMS and pioneers in Sugar ,Cement, Power Generation sectors in India and across the world. We are backed by our experienced professional work force comprising of highly skilled workmen and engineers supported by most sophisticated machine tools meeting the customer's requirement in terms of quality, quantity and delivery.

 PSC believes in establishing and maintaining close and long-lasting relationship with its employees, customers, and the community in which it is located.

Pattern Shop:

A team of experienced draftsmen and pattern makers work with expertise Methodist on pattern design and making, seeding the production of sound quality and dimensionally accurate castings.

Bearing Pedastal GB Carrier Turbine Outer Casing

   

Valve Body

Moulding and Melting:

Sl.No Description Make/Model Size/

Capacity Qty

1

Medium FrequencyInduction Furnace 

(With Dual Track PowerPack of 2250KW)

InductothermAHMEDABAD

6 MT

 

2 Nos

 

2 Medium FrequencyInduction Furnace 

(With Dual Track Power

InductothermAHMEDABAD

2 MT & 1MT 1 Noeach

Pack of 450KW)

3Medium Frequency

Induction Furnace (Power Pack of 3000KW)

InductothermAHMEDABAD 8MT 2 No

4 Continuous Sand Mixer Wesman 13 MT/Hr 1No

5 Sand Muller VME FoundryEquipment 2 MT/Hr 1No

We are equipped fettling tools like Pneumatic chippers, grinders and a shot blasting machine with chamber size of 4m X 4m

 

HEAT TREATMENT

       

Sl.No

Description Make/Model Size/Capacity Qty

1 Bogie Type Electric HeatTreatment Furnace

JOMIND FURNACECS  Bangalore

8 MT capacity2.5 X 2 X 1.6Mts (L X B X H)

1No

2 Bogie Type Electric HeatTreatment Furnace Self

40 MT Capacity4.5 X 6 X 3 Mts

1 No

3 Trench for Water Quenching   7m x 4m x

5m(depth) pit  

4

Trench for Oil Quenching(With Heat Exchanger and Cooling Tower)

 2m x 3m x 2m(depth) pit  

 

       Heat treatment is carried out as per the documented internationalStandards or as per the client requirement and specification.

MACHINE SHOP :

We are very much pleased say that major portion of our productionis supplied in either proof machined or finished machined condition. In house we are equipped with most precesive machinerywith DRO(Digital Read Outs ) installed.

Sl.No

Description Make/Model Size/Capacity Qty

1 8’ Lathe Machine Kirloskar C.H:215mmABC:1425mm 1No

2 12’ Lathe (Heavy Duty) Machine

Sigma Machine Tools, Batala

C.H: 485mmABC:1650mm 2Nos

3 18’ Lathe Machine Sigma Machine Tools, Batala

C.H.435mm,ABC:4100mm 1No.

4 10’ Lathe Machine Mysore Kirloskar C.H:285mmABC:200mm 1No.

5 8’ Planning Machine Kamala Machine Tools, Batala 2400mm stoke 1No.

6 24’ Shaping Machine Imported 600mm stoke 1No.7 Vertical Turning Lathe Imported Maximum Dia 1No.

(Double Head) 950mm

8 Radial Drilling Machine White Star   NDM-50B

60mm In Steel Swing 1500mm 1No.

9 Pillor Drilling Machine RP Engg. Company,  BATALA

20mm Dia In Steel 1No.

10 Slotting Machine Klopp , Germany 600mm Stroke 1 No

11. Universal Milling Machine

3AB⃞ (USSR)⃞PE3EPHbIX  (TAHKOB)

Max. Length 760mmMax. Width  280mmMax. Height 380mm.

1 No.

12. Vertical Milling Machine

FRITZ WERNER, Germany

Max. Length 1200mmMax. Width  420 mmMax. Height  530mm.

1 No.

13. Plano Miller Cooper, Germany

Max. Length 2600mmMax. Width  1300mmMax. Height 1000mm.

1 No.

14. Universal Milling Machine

STANKOIMPORT,MOSCOW, USSR

Max. Length1.2 M.Max. Width  500mmMax. Height 400mm.

1 No.

15.  Radial Drilling Machine

White Star, Faiz EngineeringWorks.

Max. Drill Size:100mmSwing Dia: 6 M.

1 No.

16. Vertical Turning Lathe KPACHOAAR, Germany

Max. Dia: 2.3 MeterMax.Height:1.5M.

1 No.

17. Ø 180 Spindle Floor Boring Machine

SCHARMANN, GERMANY

Max. Bore Dia:1.2  MMax. Length: 4M.

1 No.

18.Ø 130 Spindle Horizontal Boring Machine

SCHARMANN, GERMANY.

Max. Bore Dia:600 mmMax.Length:1.2M.

1 No.

19 24’ Shaping Machine Cooper ,Germany Dia:100mm 1 No

 

PLANO MILLER1 VTL1 VTL2

Quality Assurance

With a passion to deliver a impeccable casting to our customer , we can proudly say that we at PSC craft rather than manufacture. Circuit monitoring on the quality of inputs and  stage wise inspection during production gives us a unassailable output. We are equipped with state of art equipment for Quality assurance and testing of castings. Majority of our castings are certified by third party Agencies like M/s. Lloyds Register, Intertek, BVQI, TPL etc.. All the testing Equipments are calibrated in regular intervals bythe leading calibration agencies such as M/S Lloyds register, Blue Star etc

 

Chemical analysisroom Mechanical Lab Microscope

Sugar Mill Spares

We are catering our services to all  Major OEMS and pioneers in Sugar Industry in India since the last 15yrs. We supply major spares of the sugar mill from Cane Preparatory Equipment , Head Stock , Bearing Housing Assemblies to Trash Plates.

 

Cane Cutter Assmbly Side Cap Assmbly Trash Beam Assembly

 

TopCap Assembly Head_Stock

team Turbine Castings

We manufacture Steam Turbine castings of various grades which areheat resistant and creep resistant.

Bearing Housings Bell Mouth G.B Carrier

 

Cement

Supplies to the major cement OEMs in India make a significant volume of our annual production. We are manufacturing and supplying support roller, Thrust roller and Bearing Housing Assemblies to various cement plants across India.

 

Bearing Assemblies Bearing Assemblies(2) Support Roller

Prakasa Spectro Cast Private Limited is a Private Company incorporatedon 09 November 1994. It is classified as Indian Non-Government Companyand is registered at Registrar of Companies, Hyderabad. Its authorizedshare capital is Rs. 80,000,000 and its paid up capital is Rs. 77,279,688.It is inolved in Other business activities n.e.c.

Prakasa Spectro Cast Private Limited's Annual General Meeting (AGM) was last held on 29 September 2014 and as per records from Ministry ofCorporate Affairs (MCA), its balance sheet was last filed on 31 March 2014.

Directors of Prakasa Spectro Cast Private Limited are Raja Sekhar Bahudodda, Venkata Surya Prasad Tipirneni, Pardha Saradhi Tipirneni and Venkatasivachalapathi Rao Yalamanchili.

Prakasa Spectro Cast Private Limited's Corporate Identification Numberis (CIN) U74999AP1994PTC018720 and its registration number is 18720.Its Email address is csguntur@gmail.com and its registered address is PRAKASH NAGAR,ENIKEPADU VIJAYAWADA., ANDHRA PRADESH - 521108, Andhra Pradesh INDIA.

Current status of Prakasa Spectro Cast Private Limited is - Active.

Company InformationCorporate Identification Number U74999AP1994PTC018720

Company Name PRAKASA SPECTRO CAST PRIVATELIMITED

RoC RoC-HyderabadRegistration Number 18720

Other business activities n.e.c.

Company Category Company limited by shares

Company Sub Category Indian Non-Government Company

Class of Company Private CompanyAuthorised Capital (in Rs.) 80,000,000Paid up capital (in Rs.) 77,279,688Number of Members(Applicable only incase of company without Share Capital)

-

Date of Incorporation 09 November 1994Email ID csguntur@gmail.com Address 1 PRAKASH NAGAR,ENIKEPADUAddress 2 VIJAYAWADA.City ANDHRA PRADESHState Andhra PradeshCountry INDIAPIN 521108Whether listed or not UnlistedDate of Last AGM 29 September 2014Date of Balance sheet 31 March 2014Company Status (for eFiling) Active*Industry classification is derived from National Industrial Classification. If the company has changed line of business without intimating the Registrar or is a diversified business, classification

may be different. We make no warranties about accuracy of industrial classification.