CONCLUSION & RECOMMENDATION
CONCLUSION
The study on competency level of employees at ESCORTS PVT.LTD. gave an insight about the acceptance of competency mapping by employees. The employees at ESCORTS welcome the introduction of competency mapping in their organization as they felt it was very much essential in enhancing their skills and organizational development. The organization has provided the recourses guidance and support to facilitate the introduction of competency level easily and To develop the employees in such a way that they can face any kind of challenge. However the level of competency in employees is found to be satisfactory. Providing proper training, education and guidance to the employees can enhance the level. This study was mainly carried out to find out whether thee competency mapping being followed by the company is effective till date. If the competency mapping and fitment to the organization. By looking at the graphs and tables it is quite that the employees still are not up to the level of competent pool, they still have to be trained and made competent in order to fill the gap. As the organization has just applied the mapping, it has to see to that it meets all the requirements for competency mapping. Therefore the graphs make it quite clear that, the potential of the employees is not up to the mark, and i.e. they are not competent enough to meet the competencymapping requirement. Hence by further training and counseling this gap can be closed.
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RECOMMENDATION
Loans & Advances Special efforts should be made to analyze loans & advances, which are between 35% to 56% of current assets. This can be classified between production / operation relation related and non-production / operation related. No production related cases might be financed from other sources like debenture etc. and treated separately. Inventory Inventory should be reviewed constantly to identify show / dead / obsolete item and then disposed until 2000-01 level is again achieved.
Optimum level should be revised periodically, keeping in view, distance of suppliers, production lead time of supplier, transport problem if any and reliability of suppliers. This will help to avoid obsolesce and dead inventory.
Debtors A study may be conducted if required by experts to pinpoint reason behind Escorts high correction period of 95 days in 2007-08 against 50 days of Mahindra & Mahindra. It is due to quality of products, quality of customer, the segment of customers marketing effort, distribution pattern or other reasons. Creditors
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Though high payout days may be appartenly beneficial for the company. It has it very heavy long term cost like high interest cost, bad credit ratings and shyness of good quality / standard suppliers. Ratios The company should try to improve its current situation. The ratios, which are taken in this research to evaluate the companys position, are Current ratio, Quick ratio and Activity ratio. These ratios show the actual position of the company. The Quick ratio is declining since 2001-02 till now. There is a drastic declining in the working capital turnover ratio. This ratio goes to ve position in current year compared to previous. The Debts collection period is 359 days for Exporters. This shows the poor collection policy. The current ratio is 1.12 in 2006-07, which is not upto the ideal ratio. This shows that the current assets are equal to the current liabilities. Not satisfactory
SUMMARY
After the analysis of Financial Statements, the company status is better, because the Net working capital of the company is doubled from the last years position.
The company profits are huge in the current year; it is better to declare the dividend to shareholders.
The company is utilising the fixed assets, which majorly help to the growth of the organisation. The company should maintain that perfectly.
The company fixed deposits are raised from the inception, it gives the other income i.e., Interest on fixed deposits. The companys overall position is at a good position. Particularly
the current years position is well due to raise in the profit level from the last year position.
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It is better for the organization to diversify the funds to different sectors in the present market scenario.
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