International Journal of Chemical Studies
Vol. 5, Issue 4 (2017)
Financial performance and economic viability of cashewnut processing units in Kolhapur district
Author(s): SJ Misal, HR Shinde and SS Dhuri
Abstract: The Kolhapur district was producing good amount of cashewnut. The annual cashew production of district was 12,420 metric tons. Due to ‘National Horticulture Mission’ and ‘Cashew Development Program’ number of cashew processing units has been increased. There are about 70 cashewnut processing units in Kolhapur district. From this 20 per cent of the cashew processing units were selected randomly for the study. The number of units grouped under small, medium and large processing units based on the per day processing capacity. The capacity utilization in cashewnut processing units was to the extent of 66.73 per cent of the installed capacity. The solvency ratios were better in medium and large processing units because of high net profit and equity participation. Similarly liquidity ratios were higher in medium and large processing units employing satisfactory position with good velocity of conversion of current assets into cash particularly in case of large processing units. Turnover ratios indicate higher efficiency in large processing units as compared to medium and small units. break-even point in cashew-nut processing units was worked out to be 1459.89 quintal, which was found to be 491.63 quintal in small processing units, 1421.56 quintals in medium processing units and 4944.59 quintals in large processing units. At overall level NPW was worked out to be 60.39 Rs. lakh at 15 per cent rate, However BCR is1.05 and IRR was 31.24.
Pages: 286-290 | 617 Views 22 Downloads
How to cite this article:
SJ Misal, HR Shinde, SS Dhuri. Financial performance and economic viability of cashewnut processing units in Kolhapur district. Int J Chem Stud 2017;5(4):286-290.