FINANCIAL ANALYSIS OF VIJAY TEX.jsjsjsuusuduxiixixkwnqlappzpptx

shreeradha2501 9 views 7 slides Sep 29, 2024
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FINANCIAL STATEMENT ANALYSIS OF VIJAY TEX

Introduction The business came into the resistance of 2010 and has been a known name in its field. Having its registered office in 1/792-H , Appavu Nagar, Veerapandi Ring Road, Dharapuram . The major activity of Vijay Tex is Manufacturing, Sub-classified into Manufacture of wearing apparel and is primarily engaged in the Manufacture of all types of textile garments and clothing accessories. Vijay Tex is classified as Micro enterprise in the financial year 2020-21. It has its unit situated at Tirupur – Dt, Tamil Nadu. Vijay Tex stands as a reliable partner of bussiness seeking quality standards .

This balance sheet states about the Liability and assets of the company. Which the Accounting year starts at 1 st April to 31 st March. Totally 7,74,33,733.80 has been balanced in the year of 2021 – 2022. Vijay Tex has been following the correct rules and regulations to keep their balance sheet BALANCE SHEET FOR 2021 - 2022

This balance sheet states about the company’s financial position. This shows the things which made by the company. The Accounting year starts from 1 st April to 31 st March. Finnally the company has been balanced 10,07,10,310.12 . BALANCE SHEET FOR 2022 - 2023

Customer Satisfaction : To ensure high levels of customer satisfaction through good clothes , responsive service, and meeting customer needs effectively. Innovation : To continually innovative and improve clothing designs, materials, and manufacturing processes to stay competitive in the market. Market Expansion : To grow and expand the market presence both domestically and internationally, reaching new customer segments and regions. OBJECTIVES

In 2022, Textile industry increased the desire of natural fabrics and fibres . Fibers like cotton grow rapidly and abundantly .Which Nowadays the textile industry leading a high range of profit. It is one of the largest industries and is a significant contributor to the country’s economy. Textile engineering graduates can find employment in a variety of areas within the industry. The future of the textile industry in India looks promising, with several growth opportunities on the horizon. The industry is projected to reach a market value of $350 billion by 2025, growing at a blended annual growth rate (CAGR) of 14.8% from 2021 to 2025. In the household, textiles are used in carpeting, upholstered furnishings, window shades, towels, coverings for tables, beds, and other flat surfaces, and in art. SELF OBJECTIVES