TABLE 4.5.1 ACTUAL AND TREND VALUE OF NET SALES FOR …shodhganga.inflibnet.ac.in/bitstream/10603/37250/6... · The above table indicates the trend movement of selected Textile industry

122

TABLE 4.5.1 ACTUAL AND TREND VALUE OF NET SALES FOR LARGE SCALE COMPANIES

YEAR PRECOT RAJAPAL MILLS LTD SUPER LAKSHMI PRIME RENUGA NTC THIYA AMBIKA KARPAGAM SAMBA

2001 215.77 123.05 244.68 208.43 89.11 123.9 212.56 109.48 61.42 85.7 72.26

2002 188.36 125.95 295.88 166.52 106.28 102.45 184.64 119.05 64.75 85.81 71.17

2003 207.32 116.48 279.75 173.53 109.56 107.16 152.03 140.62 81.16 91.99 71.12

2004 238.74 125.6 333.89 143.22 116.47 117.73 128.85 115.02 87.82 96.88 85.85

2005 249.56 147.7 367.21 149.56 115.86 117.863 195.16 134.75 84.83 100.77 92.93

2006 229.92 157.36 363.17 154.18 109.87 130.3 187.68 122.7 104.9 101.31 114.27

2007 331.51 199.19 403.79 145.45 115.2 132.96 208.2 149.11 140.5 111.1 130.57

2008 366.49 219.95 392.15 103.3 103.84 98.57 209.31 85.77 155.74 104.76 126.84

2009 378.96 234.82 366.45 106.53 75.28 121.21 261.79 113.76 177.75 79.29 119.59

2010 436.61 255.28 385.38 136.76 31.31 125.12 277.6 115.06 208.07 79.08 143.78

2011 430.20 260.53 427.50 101.92 71.42 123.37 256.52 114.837 205.42 93.73 96.67

Mean 297.6 178.7 350.9 0 144.49 94.93 118.24 206.8 120.01 124.8 0 93.67 102.28

SD 93.0 56.4 56.5 32.48 26.42 11.12 45.4 17.02 55.1 10.46 26.07

CV 31.26 31.56 16.09 22.48 27.83 9.40 21.96 14.18 44.14 11.16 25.49

CAGR 7.144 7.790 5.739 -6.904 -2.188 -0.043 1.898 0.479 12.832 0.900 7.581

123

The above table reveals that trend analysis – using method of least square for

prediction for the year of 2001 and 2011 for net sales. In the year 2001 highest trend

value in the Super Spinning Mills (244.68), lowest trend value to the Ambika (61.42).

and for the future period 2016 the trend value is highest in the Precot Meredian i.e.,

562.82 and followed by Super Textile industry i.e., 504.11 and the lowest trend value in

the Lakshmi Mills i.e., 59.35 followed by Prime Urban., There was continuous increasing

trend to Super Spinning, Precot Meredian and there was decreasing trend value in the

Lakshmi, Prime urban.

TABLE 4.5.2 ESTIMATES OF TREND CO-EFFICIENTS FOR NET SALES OF LARGE

SCALE COMAPNIES

S.NO. Companies P= α + βt+e

p-value S/NS α β R2 F

1. Precot Meredian 138.448 26.5229 89.4 75.92 0.000** S

2. Rajapalayam Spinning Mills 80.54 16.3633 92.6 112.03 0.000** S

3. Super Spinning Mills Ltd. 258.97 15.3209 82.0 38.38 0.000** S

4. Lakshmi Mills & Co Ltd. 195.575 8.51394 75.6 27.87 0.001** S

5. Prime Urban Development India Ltd.

123.131 4.70061 34.8 4.81 0.056* S

6. Shri Renuga Textiles Ltd. 113.271 0.918303 8.4 0.83 0.387 NS

7. National Textiles Corporation Ltd. 147.036 9.95382 52.9 10.09 0.011** S

8. Thiyagaraja Spinning Mills 126.227 - 1.03539 4.1 0.38 0.552 NS

9. Ambika Cotton Spinning Mills Ltd. 27.9653 16.1325 94.4 151.41 0.000** S

10. Sree Karpagambal Mills 93.608 0.0110909 0.0 0.00 0.992 NS

11. Sambandam Textile Mills Ltd. 55.614 8.58618 61.4 14.31 0.004** S

**p<0.01 *p<0.05

124

It clearly indicates the trend movement of selected textile industry in Table 4.5.1.

The trend value of Super Spinning Mills Ltd for the year 2000 – 2001 was 244.68 and it

was continuously increasing every year till 2010 -2011. And for the Precot Meredian Ltd

trend value for the year 2000 – 2001 was 217.5. The table 4.5.2 implies that estimates of

trend co-efficients for Net Sales of selected Textile Industry in Tamilnadu. It is clear

from the table that the significant difference between actual and trend values in Precot

Meredian, Rajapalayam Mills, Super Spinning Mills, Lakshmi Mills, NTC, Ambika

Cotton Spinning Mills Ltd. at 1 per cent level of significance. But in the case of Prime

Urban There is significant difference between actual and trend at 5 per cent level of

significance. Finally there is no significant difference in case of Shri Renuga and

Sree Karpagambal and Sambandam Spinning in both 1 per cent and 5 per cent of level of

significance.

TABLE 4.5.3 PROJECTIONS FOR NET SALES OF LARGE SCALE COMAPNIES

Year C1 C2 C3 C4 C5 C6 C7 C8 C9 C10 C11

2012 456.72 276.90 442.82 93.41 66.72 124.07 266.48 113.80 221.55 93.74 139.23

2013 483.25 293.26 458.14 84.89 62.02 125.05 276.43 112.77 237.69 93.75 145.39

2014 509.77 309.62 473.46 76.38 57.32 126.02 286.39 111.73 253.82 93.76 151.55

2015 536.29 325.99 488.78 67.86 52.62 126.99 296.34 110.70 269.95 93.77 157.71

2016 562.82 342.35 504.11 59.35 47.92 127.96 306.29 109.66 286.08 93.79 163.87

The projection obtained for Net Sales of textile industry in Tamilnadu by linear

growth models listed in table 4.5.3 shows that Rajapalayam, Ambika and NTC have more

net sales. Table 4.5.3 indicates that the , Shri Renuga Textiles , Sri Karpagambal and

Sambandam Textile Ltd. are having marginal Net sales . Finding also points out that by

the year 2015-2016 Lakshmi Mills, Prime Urban, and Thiyagarajar Mills has decreasing

trend in Net Sales.

125

TABLE 4.5.4 ACTUAL AND TREND VALUE OF TOTAL INCOME FOR LARGE SCALE COMPANIES

Year Precot Meredian

Rajapalayam Spinning

Mills

Super Spinning

Mills

Lakshmi Mills & Co Ltd.

Prime Urban

Shri Renuga Textiles

NTC Thiyagaraja

Spinning Mills

Ambika Cotton

Spinning Mills

Sree Karpagambal

Spinning Mills

Sambandam Spinning

Mills

2001 222.88 129.71 256.86 221.46 68.8327 124.29 241.69 114.09 64.09 87.93 73.98

2002 189.29 131.8 293.88 170.37 115.01 104.2 212.65 124.03 66.93 87.57 70.87

2003 217.46 123.66 287.29 174.63 119.13 113.85 193.33 149.65 82.98 94.26 70.56

2004 242.65 137.02 347.37 150.73 124.24 121.32 190.08 114.37 88.7 103.2 87.28

2005 252.69 151.55 365.65 158.92 125.12 127.58 230.4 141.03 86.07 101.33 93.75

2006 241.3 168.35 383.18 161.41 113.96 132.73 244.54 133.05 109.12 106.51 117.92

2007 346.47 221.58 410.01 173.05 123.01 153.51 208.34 155.24 146.3 115.92 135.77

2008 372.39 242.21 406.52 104.81 99.54 97.6 226.89 92.07 163.16 108.58 130.23

2009 381.37 261.86 361.87 109.55 72.1 127.75 266.91 111.52 184.58 81.24 118.07

2010 443.37 284.39 370.57 140.07 26.06 124.79 276.74 114.65 226.06 80.12 145.65

2011 437.77 290.73 425.01 108.57 68.832 129.08 260.22 116.443 217.73 96.67 152.52

Mean 304.3 291.0 207.0 178.2 322.9 328.4 165.9 152.86 109.5 120.39 125.47

SD 93.5 76.7 92.7 59.8 97.7 77.3 44.7 27.79 47.6 16.67 9.56

CV 30.71 26.35 44.80 33.53 30.26 23.54 26.95 18.18 43.42 13.84 7.62

CAGR 6.984 8.406 5.165 -6.880 -2.105 0.380 0.742 0.204 13.009 0.953 7.503

126

The above table shows that trend analysis – using method of least square for

prediction for the year of 2001 and 2011 for total income. In the year 2001 highest trend

value in the Super Textile Industry (256.86), lowest trend value to the Ambika (64.09). and

for the future period 2016 the trend value is highest in the Precot Meredian i.e., 571.22 and

followed by Rajapalayam Mills i.e., 491.02 and the lowest trend value in the Thiyagaraja

Mills i.e., (69.29) followed by Shri Karpagambal Mills. There was continuous increasing

trend to Precot, Super, Rajapalayam, and there was decreasing trend value in the Thiyagaraja,

Shree Karpagamabal, National Textiles Corporation.

TABLE 4.5.5 ESTIMATES OF TREND CO-EFFICIENTS FOR TOTAL INCOME OF LARGE SCALE COMAPNIES

S.No. Companies P= α + βt+e p-

value S/NS α β R2 F

1. Precot Meredian 144.97 26.6890 89.7 78.45 0.000 S

2. Rajapalayam Spinning Mills 79.6873 19.1865 74.9 26.87 0.001 S

3. Super Spinning Mills Ltd. 271.623 13.9450 81.8 40.41 0.000 S

4. Lakshmi Mills & Co Ltd. 204.43 8.71455 36.6 5.20 0.048 S


131.831 5.72715 0.6 0.05 0.824 NS


7. National Textiles Corporation Ltd. 198.091 5.64842 1.8 0.17 0.692 NS


9. Ambika Cotton Spinning Mills 25.8647 17.4426 1.5 0.14 0.716 NS

10. Shri Karpagambal Spinning Mills 96.6547 0.00206061 0.4 0.04 0.851 NS

11. Sambandam Spinning Mills 56.294 8.748 59.1 12.98 0.006 S

**p<0.01 *p<0.05

127

The above table indicates the trend movement of selected Textile industry in

Table 4.3.4. The trend value of Super Spinning Mills Ltd for the year 2000 – 2001 was

256.86 and it was continuously increasing every year till 2010 -2011. And for the NTC

trend value for the year 2000 – 2001 was 249.61 .The table 4.3.5 implies that estimates

of trend co-efficients for Total Income of selected Textile industry in Tamilnadu. It is

clear from the table that the significant difference between actual and trend values in

Precot Meredian, Rajapalayam Mills, Super Spinning Mills, Sambandam Textile

industry at 1 per cent level of significance. But in the case of Lakshmi Mills there is

significant difference between actual and trend at 5 per cent level of significance. Finally

there is no significant difference in case of Prime Urban, Shri Renuga Tex, NTC,

Ambika Cotton and Sri Karpagambal in both 1 per cent and 5 per cent of level of

significance.

TABLE 4.5.6 PROJECTIONS FOR TOTAL INCOME OF LARGE SCALE COMPANIES


2012 464.46 411.00 358.75 243.68 309.44 331.35 155.00 102.72 120.22 118.45 138.76

2013 491.15 431.00 384.04 254.59 307.20 331.84 153.18 94.36 122.00 118.13 140.98

2014 517.84 451.01 409.33 265.49 304.95 332.34 151.36 86.01 123.78 117.81 143.19

2015 544.53 471.01 434.62 276.40 302.71 332.83 149.54 77.65 125.57 117.48 145.41

2016 571.22 491.02 459.91 287.31 300.46 333.32 147.72 69.29 127.35 117.16 147.62

The projection obtained for Total Income of textile industry in Tamilnadu by

linear growth models listed in table 4.3.6 shows that Precot Meredian, Rajapalayam

Super Spinning and NTC have more net sales. Table 4.3.6 indicates that the Shri Renuga

Textiles, Ambika, and Sambandam Spinning Mills are having marginal Total income.

Finding also points out that by the year 2015-2016 Prime Urban, NTC, Thiyagarajar

Spinning Mills and Sri Karpagambal Spinning Mills has decreasing trend in Total

Income.

128

TABLE 4.5.7 ACTUAL AND TREND VALUE FOR OPERATING PROFIT OF LARGE SCALE COMPANIES



Mills

Super Spinning

Mills


Prime Urban


NTC Thiyagaraja

Spinning Mills

Ambika Cotton

Spinning Mills

Sree Karpagambal Spinning Mills

Sambandam Spinning

Mills

2001 33.64 29.95 34.89 17.2613 12.65 17.55 16.74 19.54 11.6 9.27 9.65

2002 25.86 31.29 34.93 17.7585 16.38 13.87 184.64 19.95 64.75 85.81 71.17

2003 34.01 34.68 43.3 18.2558 13.85 18.25 152.03 30.65 81.16 91.99 71.12

2004 35.33 34.07 42.35 18.7531 14.62 19.55 128.85 17.90 87.82 96.88 85.85

2005 34.25 34.19 44.34 19.2504 12.68 19.9 195.16 19.29 84.83 100.77 92.93

2006 44.97 42.88 66.92 19.7476 14.63 21.32 187.68 29.66 104.9 101.31 114.27

2007 58.35 59.07 62.39 20.2449 10.71 27.56 208.2 40.13 140.5 111.1 130.57

2008 45.07 56.08 48.99 20.7422 9.1 17.11 209.31 16.81 155.74 104.76 126.84

2009 37.08 60.47 19.16 21.2395 -0.63 20.79 261.79 15.07 177.75 79.29 119.59

2010 68.15 74.85 47.42 21.7367 -14.57 19.09 277.6 15.87 208.07 79.08 143.78

2011 59.14 72.38 48.25 10.58 -4.31 22.23 3.38 20.50 63. 35 1.27 33.56

Mean 43.26 48.17 44.81 18.688 7.74 19.75 165.9 22.31 107.3 78.3 90.8

SD 13.30 16.89 13.03 3.045 9.89 3.46 87.9 7.81 57.5 37.5 42.1

CV 30.74 35.05 29.07 16.29 127.88 17.53 52.97 35.02 53.56 47.94 46.35

CAGR 5.805 9.226 3.296 -7.284 0.000 2.394 -14.778 0.485 18.504 -0.931 13.274

129


prediction for the year of 2001 and 2011 for Operating Profit. In the year 2001 highest

trend value in the super Textile Companies (34.89), lowest trend value to the Shri

Karpagamabal Mills (9.27). and for the future period 2016 the trend value is highest in

the Nationals Textiles Corporation i.e., 239.42 and followed by Ambika Cotton

Spinning Mills i.e., 226.71 and the lowest trend value in the Prime Urban l i.e., -16.56

followed by Lakshmi Mills Ltd., There was continuous increasing trend to NTC, Ambika,

Sambandam and there was decreasing trend value in the Shree Karpagambal, Lakshmi,

Thiyagaraja Mills.

TABLE 4.5.8 ESTIMATES OF TREND CO-EFFICIENTS FOR OPERATING PROFIT OF LARGE SCALE COMAPNIES


p-value S/NS α β R2 f



3. Super Spinning Mills Ltd. 40.6847 0.6880 3.1 0.28 0.606 NS

4. Lakshmi Mills & Co Ltd. 17.5193 0.63042 0.1 0.01 0.918 NS


22.1947 2.40958 65.2 16.89 0.003 S


7. National Textiles Corporation Ltd. 54.1187 5.22739 7.7 0.75 0.409 NS


9. Ambika Cotton Spinning Mills 0.644 5.70109 47.5 8.13 0.019 S


11. Sambandam Spinning Mills 8.624 2.26709 23.4 2.74 0.132

NS

**p<0.01 *p<0.05

130

It clearly indicates the trend movement of selected textile industry in Table 4.5.7.

The trend value of Ambika Cotton Mills Ltd for the year 2000 – 2001 was 11.6 and it

was continuously increasing every year till 2010 -2011. And for the thiyagaraja Ltd trend

value for the year 2000 – 2001 was 9.65. The table 4.5.8 implies that estimates of trend

co-efficients for Operating Profit of selected Textile industry in Tamilnadu. It is clear

from the table that the significant difference between actual and trend values in Precot

Meredian, Rajapalayam Mills, Prime Urban Ambika cotton at 1 per cent level of

significance. Finally there is no significant difference in case of Super Textile

Comapnies, Lakshmi Mills, Shri Renuga Tex, NTC, Sri Karpagambal and Sambandam

Spinning in both 1 per cent and 5 per cent of level of significance.

TABLE 4.5.9 PROJECTIONS FOR OPERATING PROFITS OF LARGE SCALE

COMPANIES Year C1 C2 C3 C4 C5 C6 C7 C8 C9 C10 C11

2012 62.32 77.23 48.94 18.49 -6.72 22.73 210.03 20.15 178.95 74.02 127.67

2013 65.50 82.07 49.63 18.46 -9.13 23.23 217.38 19.79 190.89 73.30 133.80

2014 68.67 86.91 50.32 18.43 -11.54 23.72 224.73 19.43 202.83 72.58 139.94

2015 71.85 91.75 51.00 18.40 -13.95 24.22 232.08 19.07 214.77 71.86 146.08

2016 75.03 96.60 51.69 18.36 -16.36 24.72 239.42 18.71 226.71 71.15 152.21

The projection obtained for Operating Profit of textile industry in Tamilnadu by

linear growth models listed in table 4.5.9 shows that Ambika Cotton Mills Ltd and NTC

have more Operating Profit. Table 4.5.9 indicates that the Precot Meredian, Rajapalayam,

Super Textile Companies, Shri Renuga Textiles, Sambandam Textile Companies are

having marginal Operating Profit . Finding also points out that by the year 2015-2016

Lakshmi Mills, Prime Urban, Thiyagarajar Mills and Sri Karpagambal has decreasing

trend in Operating Profit.

131

TABLE 4.5.10 ACTUAL AND TREND VALUE FOR NET PROFIT OF LARGE SCALE COMPANIES


Rajapalayam Spinning Mills

Super Spinning

Mills

Lakshmi Mills & Co

Ltd.

Prime Urban


NTC Thiyagaraja

Spinning Mills

Ambika Cotton

Spinning Mills

Sree Karpagambal Spinning Mills

Sambandam Spinning Mills

2001 9.82 11.16 8.43 4.62 2.57 5.32 2.82 8.39 5.05 3.16 1.14

2002 2 8.45 8.95 -5.66 2.49 0.44 -27.57 7.56 3.34 1.32 0.98

2003 7.41 8.63 13.66 1.3 0.58 6.07 -17.68 15.49 8.15 2.26 3.12

2004 6.36 9.35 10.48 -1.69 1.41 4.55 -403.68 5.44 12.31 1.51 3.26

2005 7.63 7.87 11.13 -5.47 2.78 4.66 -46 8.61 12.45 1.45 5.45

2006 12.49 10.11 22.38 4.33 1.89 4.98 7.58 5.31 18.69 0.99 6.44

2007 18.67 15.94 14.22 7.86 -2.46 5.8 -33.29 12.96 17.35 0.48 11.19

2008 4.87 8.09 1.12 -8.36 0.48 2.73 -32.1 7.04 13.24 0.4 3

2009 -14.72 5.32 -28.38 -3.29 13.33 4.49 -27.74 4.8 9.42 1.47 -4.01

2010 15.56 11.59 -0.94 -1.64 -13.02 4.67 -16.63 5.75 18.48 2.39 4.65

2011 5.799 9.693 -6.757 -2.4533 -1.5760 4.7000 -28.882 5.93267 18.856 0.9186 4.2166

Mean 6.90 9.655 4.94 -0.95 0.77 4.401 -56.7 7.93 12.49 1.486 3.59

SD 8.67 2.697 13.64 4.98 6.13 1.570 116.2 3.40 5.54 0.837 3.77

CV 125.62 27.94 276.32 -524.05 796.24 35.68 -205.04 42.86 44.34 56.31 105.14

CAGR -5.130 -1.399 0.000 0.000 0.000 -1.231 0.000 -3.406 14.082 -11.621 13.974

132

It is clear from the above table that trend analysis – using method of least square

for prediction for the year of 2001 and 2011 for net profit. In the year 2001 highest trend

value in the Rajapalayam Mills (11.16), lowest trend value to the Sambandhan (1.14).

and for the future period 2015 the trend value is highest in the Ambika i.e., (25.229) and

followed by Rajapalayam Mills and the lowest trend value in the NTC i.e., (-1.11)

followed by Lakshmi mills. There was continuous increasing trend to Ambika,

Rajapalayam, Shri Renuga and there was decreasing trend value in the NTC, Lakshmi,

Super.

TABLE 4.5.11 ESTIMATES OF TREND CO-EFFICIENTS FOR NET PROFIT OF LARGE SCALE COMAPNIES



1. Precot Meredian 8.21867 -0.219939 0.7 0.06 0.806 NS

2. Rajapalayam Spinning Mills 9.60867 0.00769697 0.0 0.00 0.978 NS

3. Super Spinning Mills Ltd. 18.9673 -2.33861 32.3 4.30 0.068 NS

4. Lakshmi Mills & Co Ltd. 0.853333 -0.300606 4.0 0.38 0.555 NS


3.586 - 0.469273 6.4 0.62 0.451 NS


7. National Textiles Corporation Ltd. -89.976 5.554 2.5 0.23 0.641 NS




11. Sambandam Spinning Mills 2.82733 0.126303 1.2 0.11 0.745 NS

**p<0.01 *p<0.05

133

It clearly implies the trend movement of selected Textile industry in Table 4.5.10.

The trend value of Rajapalayam Mills Ltd for the year 2000 – 2001 was 11.16 and it was

continuously increasing every year till 2010 -2011. And for the Precot Meredian trend

value for the year 2000 – 2001 was 9.82. The table 4.5.11 implies that estimates of trend

co-efficients for Net Profit of selected Textile industry in Tamilnadu. It is clear from the

table that the significant difference between actual and trend values in Ambika cotton

Textile industry at 1 per cent level of significance. Finally there is no significant

difference in case of rest of the industries in both 1 per cent and 5 per cent of level of

significance

TABLE 4.5.12 PROJECTIONS FOR NET PROFIT OF LARGE SCALE COMAPNIES


2012 5.57 9.699 -9.096 -2.752 -2.046 4.759 -23.33 5.531 20.13 0.805 4.344

2013 5.360 9.707 -11.436 -3.053 -2.516 4.820 -17.773 5.131 21.406 0.692 4.471

2014 5.140 9.715 -13.774 -3.354 -2.986 4.879 -12.219 4.730 22.680 0.579 4.597

2015 4.920 9.722 -16.113 -3.654 -3.455 4.939 -6.665 4.330 23.955 0.465 4.724

2016 4.700 9.730 -18.452 -3.955 -3.925 4.999 -1.111 3.929 25.229 0.352 4.850

The projection obtained for Net Profit of textile industry in Tamilnadu by linear

growth models listed in table 4.3.12 shows that Ambika Cotton have more net profit.

Table 4.3.12 indicates that the Rajapalayam, Shri Renuga Textiles, and Sambandam

Textile Companies are having marginal Net Profit. Finding also points out that by the

year 2015-2016 Super Spinning, Lakshmi, Prime Urban, NTC, Thiyagarajar Mills and

Sri Karpagambal has decreasing trend in Net profit.

134

TABLE 4.5.13 ACTUAL AND TREND VALUE FOR ANNUAL RESERVES OF LARGE SCALE COMPANIES



Mills

Super Spinning

Mills


Prime Urban


NTC Thiyagaraja

Spinning Mills

Ambika Cotton

Spinning Mills

Sree Karpagambal

Spinning Mills

Sambandam Spinning

Mills

2001 100.44 61.91 76.85 22.38 27.87 32.42 44.62 76.69 28.58 15.23 13.42

2002 83.8 62.97 64.7 12.8 26.8 32.09 17.06 82.53 29.3 17.37 8.98

2003 87.83 69.63 75.59 13.75 26 35.61 -0.62 93.1 36.55 19.68 10.56

2004 93.34 81.98 83.53 10.31 25.29 40.27 -308.1 44.79 47.96 18.82 12.64

2005 97.71 85.13 92.25 123.09 26.87 38.92 -353.79 59.14 59.51 21.12 15.43

2006 109 92.05 109.61 128.33 27.84 43.2 -353.9 108.97 91.57 22.3 18.65

2007 134.79 103.81 120.67 123.18 24.67 48.22 41.95 116.43 92.38 22.77 24.98

2008 134.51 109.92 117.43 117.06 23.43 21.4 74.84 39.08 105.34 23.11 29.43

2009 117.39 114.65 85.7 114.79 14.95 24.92 132.76 69.01 115.13 9.55 55.45

2010 139.04 123.96 86.02 115.5 241.98 28.88 -31.76 63.29 130.44 12.09 59.6

2011 141.5 130.4 110.12 158.53 107.580 30.42 -22.03 67.9500 141.23 16.44 54.09

Mean 6.55 6.82 5.52 16.5 19.7 2.39 54.1 7.31 11.6 1.36 5.35

SD 21.74 22.63 18.31 54.6 65.5 7.92 179.4 24.26 38.3 4.50 17.74

CV 19.30 25.71 20.36 74.69 145.92 23.03 -259.96 32.16 55.11 25.10 74.33

CAGR 3.487 7.734 3.666 21.626 14.462 -0.632 0.000 -1.203 17.324 0.769 14.959

135


prediction for the year of 2001 and 2011 for Reserves. In the year 2001 highest trend value in

the Precot meredian (100.44), lowest trend value to the Lakshmi (22.38). and for the future

period 2015 the trend value is highest in the Lakshmi i.e.,(231.64) and followed by Ambika

i.e., (202.65) and the lowest trend value in the Karpagambal i.e., (14.84) followed by NTC.

There was continuous increasing trend to Lakshmi, Ambika and there was decreasing trend

value in the Karpagambal, NTC.

TABLE 4.5.14 ESTIMATES OF TREND CO-EFFICIENTS FOR RESERVES OF LARGE SCALE COMPANIES






4. Lakshmi Mills & Co Ltd. -2.294 14.620 14.3 1.50 0.251 NS


14.44 11.092 7.8 0.76 0.405 NS

6. Shri Renuga Textiles Ltd. 38.758 - 0.757 15.3 1.63 0.234 NS


8. Thiyagaraja Spinning Mills 82.656 - 1.336 96.7 263.83 0.000 S



11. Sambandam Spinning Mills -4.269 5.306 42.2 6.57 0.030 S

**p<0.01 *p<0.05

136

It clearly indicates the trend movement of selected Textile industry in Table

4.5.13. The trend value of Rajapalayam Mills Ltd for the year 2000 – 2001 was 61.91 and

it was continuously increasing every year till 2010 -2011. And for the Lakshmi Mills

trend value for the year 2000 – 2001 was 22.38 .The table 4.5.14 implies that estimates of

trend co-efficients for Reserves of selected Textile industry in Tamilnadu. It is clear from

the table that the significant difference between actual and trend values in Thiyagarajar

Textile industry at 1 per cent level and Ambika and Sambandam at 5 percent level of

significance. Finally there is no significant difference in case of rest of the industries in

both 1 per cent and 5 per cent of level of significance

Table 4.5.15 PROJECTIONS FOR RESERVES OF LARGE SCALE COMAPNIES


2012 147.27 137.64 113.58 173.15 118.67 29.67 -12.64 66.61 153.52 16.12 59.40

2013 153.04 144.88 117.02 187.77 129.77 28.91 -3.25 65.28 165.80 15.80 64.71

2014 158.80 152.11 120.46 202.39 140.86 28.15 6.15 63.94 178.09 15.48 70.01

2015 164.57 159.35 123.89 217.01 151.95 27.39 15.54 62.60 190.37 15.16 75.32

2016 170.34 166.59 127.33 231.64 163.04 26.64 24.93 61.27 202.65 14.84 80.62

The projection obtained for Annual reserves of textile industry in Tamilnadu by

linear growth models listed in table 4.5.15 shows that Super Spinning have more

reserves. Table 4.5.15 indicates that the Rajapalayam, Shri Renuga Textiles and Precot

Mredian Mills are having marginal Reserves. Finding also points out that by the year

2015-2016 Shri Renuga, NTC, Thiyagarajar Mills and Sri Karpagambal has decreasing

trend in Reserves.

137

TABLE 4.5.16 ACTUAL AND TREND VALUE FOR SHARE HOLDERS FUND OF LARGE SCALE COMPANIES



Mills

Super Spinning

Mills


Prime Urban


NTC Thiyagaraja

Spinning Mills

Ambika Cotton

Spinning Mills

Sree Karpagambal

Spinning Mills

Sambandam Spinning

Mills

2001 106.44 64.92 82.35 29.34 32.4 36.68 133.53 77.44 33.58 15.43 17.70

2002 89.8 65.98 70.2 19.76 31.33 37.55 105.97 83.67 34.3 17.57 13.26

2003 93.28 72.64 81.09 20.71 32.03 41.07 88.2 94.24 41.55 19.88 14.84

2004 98.79 85.49 89.03 17.27 31.33 45.73 -219.19 45.54 52.96 19.02 16.92

2005 103.16 88.64 97.75 130.05 32.92 44.38 -264.88 59.89 64.51 21.32 19.71

2006 114.45 95.56 115.11 135.29 33.89 48.66 -264.99 110.1 97.45 22.5 22.93

2007 141.74 107.32 126.17 130.14 30.72 68.68 102.86 117.51 98.26 22.97 29.26

2008 141.46 113.43 122.93 124.02 27.98 25.66 135.75 39.83 111.22 23.31 33.71

2009 124.34 118.16 91.2 121.75 19.5 29.18 193.67 69.76 121.01 9.75 59.73

2010 145.99 127.47 91.52 122.46 246.53 33.14 29.15 64.04 136.32 12.29 63.88

2011 148.57 134.11 115.65 165.49 112.63 37.92 33.27 68.73 147.41 16.64 58.37

Mean 115.95 93.96 96.74 85.1 51.9 41.07 4.0 76.20 79.1 18.40 29.19

SD 21.18 22.23 18.75 54.7 68.5 12.14 180.3 25.73 38.2 4.65 18.34

CV 18.27 23.66 19.38 64.32 132.12 29.55 4488.87 33.76 48.32 25.26 62.83

CAGR 3.391 7.525 3.454 18.886 13.270 0.335 -12.973 -1.185 15.943 0.760 12.675

138

The above table reveals the trend analysis – using method of least square for prediction

for the year of 2001 and 2011 for Share holders fund. In the year 2001 highest trend value in

the NTC (133.53), lowest trend value to the Karpagambal (15.43). and for the future period

20156the trend value is highest in the Lakshmi Mills i.e., 223.97 and followed by Ambika

Cotton Spinning Mills industryi.e.,197.07 and the lowest trend value in the Karpagambal

i.e.,15.36 followed by Shri Renuga. There was continuous increasing trend to NTC, Lakshmi,

Ambika and there was decreasing trend value in the Kapagambal, Shri Renuga Textiles.

Table 4.5.17 ESTIMATES OF TREND CO-EFFICIENTS FOR SHARE HOLDERS

FUND OF LARGE SCLAE COMAPNIES





3. Super Spinning Mills Ltd. 77.818 3.43945 65.4 15.15 0.005 S


5. Prime Urban Development India Ltd. 8.912 11.05 2.0 0.17 0.694 NS

6. Shri Renuga Textiles Ltd. 44.2187 -0.571939 0.8 0.06 0.806 NS


8. Thiyagaraja Spinning Mills 83.6653 -1.35697 96.7 236.02 0.000 S




**p<0.01 *p<0.05

139



it was continuously increasing every year till 2010 -2011. And for the Ambika Cotton

Spinning Mills trend value for the year 2000 – 2001 was 33.58. The table 4.5.17 implies

that estimates of trend co-efficients for share holders fund of selected Textile industry in

Tamilnadu. It is clear from the table that the significant difference between actual and

trend values in Super Spinning Mills, Thiyagarajar, Ambika Cotton Spinning Mills and in

Sambandam Textile industry at 1 per cent level of significance. Finally there is no

significant difference in case of rest of the industries in both 1 per cent and 5 per cent of

level of significance.

TABLE 4.5.18 PROJECTIONS FOR SHAREHOLDERS FUND OF LARGE SCALE COMAPNIES


2011 148.57 134.11 115.65 165.49 112.63 37.92 33.27 68.73 147.41 16.64 58.37

2012 154.50 141.41 119.09 180.11 123.68 37.35 38.59 67.38 159.82 16.32 63.68

2013 160.43 148.71 122.53 194.73 134.73 36.78 43.91 66.02 172.24 16.00 68.98

2014 166.36 156.01 125.97 209.35 145.78 36.21 49.23 64.66 184.66 15.68 74.29

2015 172.29 163.31 129.41 223.97 156.83 35.63 54.55 63.31 197.07 15.36 79.60

The projection obtained for share holders fund of textile industry in Tamilnadu by

linear growth models listed in table 4.5.18 shows that Lakshmi Mills have more

shareholders fund. Table 4.5.18 indicates that the NTC and Sambandam are having

marginal shareholders fund. Finding also points out that by the year 2015-2016

Shri Renuga, Thiyagarajar Mills and Sri Karpagambal has decreasing trend in share

holders fund.

140

TABLE 4.5.19 ACTUAL AND TREND VALUE FOR INVENTORIES OF LARGE SCALE COMPANIES



Mills

Super Spinning

Mills


Prime Urban


NTC Thiyagaraja

Spinning Mills

Ambika Cotton

Spinning Mills

Sree Karpagambal

Spinning Mills

Sambandam Spinning

Mills

2001 40.66 38.46 52.47 39.47 26.43 32.24 36.23 26.32 21.95 16.38 16.47

2002 36.03 25.77 44.71 33.97 28.85 28.58 24.09 33.49 24.58 15.7 15.2

2003 60.46 33.27 70.48 29.79 32.81 41.05 33.41 29.92 45.46 19.25 23.43

2004 91.97 51.53 134.17 28.48 37.13 46.89 36.97 36.04 52.77 27.08 33.69

2005 42.77 30.83 80.37 25.44 37.74 46.77 39.07 40.96 65.05 25.71 34.82

2006 57.08 52.54 118.69 24.11 48.77 55.64 39.67 63.10 88.46 28.78 36.35

2007 81.17 55.18 90.49 26.92 45.9 62.18 39.71 47.28 134.02 30.79 40.44

2008 79.17 62.64 113.57 21.16 27.43 25.38 42.84 34.51 108.11 28.65 34.98

2009 65.09 60.82 72.56 16.73 20.68 30.25 58.18 33.07 108.92 15.14 18.81

2010 135.82 76.93 58.47 123.97 3.04 31.1 55.96 26.99 136.62 17.99 49.05

2011 106.86 74.50 95.98 56.69 22.30 39.26 56.35 39.89 152.02 24.93 43.59

Mean 69.02 48.80 83.60 37.00 30.88 40.01 40.61 37.17 78.6 22.55 30.32

SD 29.91 16.30 30.10 31.21 13.13 12.51 10.06 11.06 42.7 6.20 11.27

CV 43.34 33.40 36.00 84.34 42.51 31.28 24.77 29.77 54.32 27.50 37.17

CAGR 10.146 6.835 6.226 3.687 -1.684 1.992 4.516 4.248 21.352 4.293 10.223

141

The above table implies that trend analysis – using method of least square for

prediction for the year of 2001 and 2011 for inventories. In the year 2001 highest trend value

in the Super Textile industry (52.47), lowest trend value to the Karpagambal (16.38). and for

the future period 2016 the trend value is highest in the Ambika Cotton Spinning Mills i.e.,

218.77 and followed by Precot Meredian i.e.,141.27 and the lowest trend value in the

Prime Urban i.e.,14.513 followed by Shri Karpagamabal . There was continuous increasing

trend to Super, Precot Meredian, Ambika and there was decreasing trend value in the

Karpagambal, Prime Urban.

TABLE 4.5.20 ESTIMATES OF TREND CO-EFFICIENTS FOR INVENTORIES OF LARGE SCALE COMAPNIES








39.4533 - 1.55915 12.9 1.19 0.307 NS

6. Shri Renuga Textiles Ltd. 40.7473 - 0.134424 0.1 0.01 0.929 NS

7. National Textiles Corporation Ltd. 24.874 2.86164 74.2 23.00 0.001 S

8. Thiyagaraja Spinning Mills 34.438 0.496364 1.8 0.15 0.708 NS




**p<0.01 *p<0.05

142



it was continuously increasing every year till 2010 -2011. And for the Precot Meredian

trend value for the year 2000 – 2001 was 9.82 .The table 4.5.20 implies that estimates of

trend co-efficients for Inventories of selected Textile industry in Tamilnadu. It is clear

from the table that the significant difference between actual and trend values in Ambika

Cotton Spinning Mills at 1 per cent level of significance. But in the case of Lakshmi

Mills there is significant difference between actual and trend at 5 per cent level of

significance. Finally there is no significant difference in case of rest of the industries in

both 1 per cent and 5 per cent of level of significance

TABLE 4.5.21 PROJECTIONS FOR INVENTORIES OF LARGE SCALE COMAPNIES

The projection obtained for Inventories of textile industry in Tamilnadu by linear

growth models listed in table 4.5.21 shows that Ambika Cotton Spinning Mills have more

Inventories. Table 4.5.21 indicates that the Super Spinning, NTC, Thiyagaraja Mills, Shri

Karpagambal and Sambandam are having marginal Inventories. Finding also points out

that by the year 2015-2016 Prime Urban and Shri Renuga, has decreasing trend in

Inventories


2012 113.75 79.17 98.24 60.27 20.74 39.13 59.21 40.39 165.37 25.37 46

2013 120.63 83.85 100.49 63.85 19.18 39 62.08 40.89 178.72 25.81 48.42

2014 127.51 88.52 102.75 67.43 17.63 38.87 64.94 41.39 192.07 26.24 50.83

2015 134.39 93.19 105 71.01 16.07 38.73 67.8 41.88 205.42 26.68 53.24

2016 141.27 97.865 107.253 74.59 14.513 38.598 70.665 42.378 218.77 27.113 55.655

143

TABLE 4.5.22 ACTUAL AND TREND VALUE FOR NET SALES OF MEDIUM SCALE COMPANIES

Year Amarjothi Spinning Mills

Super Sales Spinning

Mills

Khandhagiri Spinning Mills

Sri Ramakrishna Spinning Mills

Marris Spinners

Gem Spinners

Sri Lakshmi Saraswathi

Kadri Mills Ltd.

2001 42.44 34.58 54.83 110.73 57.43 61.66 80.46 69.23

2002 46.8 53.38 49.64 101.73 46.88 39.61 67.04 55.19

2003 45.84 55.28 54.04 53.39 44.12 45.5 68.4 83.92

2004 62 76.03 60.27 59.98 58.42 54.01 102.87 143.98

2005 74.42 68.45 70.72 29.44 52.99 58.12 99.75 145.45

2006 77.31 84.26 75.82 66.55 60.34 60.29 64.9 82.93

2007 81.43 101.47 88.88 62.26 65.83 95.88 76.19 86.57

2008 77 94.29 83.27 55.62 64.17 102.53 66.2 98.57

2009 92.93 102.9 87.26 51.21 59.07 102.96 68.83 97.47

2010 98.53 127.18 107.51 53.59 65.28 92.84 78.05 111.96

2011 104.693 128.689 105.709 37.3567 66.9800 109.240 72.7673 114.828

Mean 73.04 84.23 76.18 61.99 58.32 74.79 76.86 99.10

SD 21.54 30.23 20.30 24.39 7.62 25.90 13.12 28.37

CV 29.49 35.89 26.65 39.34 13.06 34.63 17.07 28.63

CAGR 9.450 14.044 6.785 -10.296 1.550 5.886 -1.000 5.190

144


prediction for the year of 2001 and 2011 for Net Sales. In the year 2001 highest trend value

in the Sri Ramakrishna i.e., 110.73, lowest trend value to the Super Sales (34.58). and for the

future period 2015 the trend value is highest in the Super Sales i.e., 173.15 and followed by

Gem Spinners i.e., 143.70 and the lowest trend value in the Sri Ramakrishna i.e., 12.73

followed by Sri Lakshmi Sraswathi. There was continuous increasing trend to Super Sales,

Gem Spinners and there was decreasing trend value in the Sri Ramakrishna, Sri Lakshmi

Saraswathi

TABLE 4.5.23 ESTIMATES OF TREND CO-EFFICIENTS FOR NET SALES OF MEDIUM SCALE COMAPNIES



1. Amarjothi Spinning Mills 35.0467 6.33152 95.0 172.23 0.000 S

2. Super Sales Spinning Mills 30.8747 8.89224 95.2 177.26 0.000 S

3. Khandhagiri Spinning Mills 40.7393 5.90630 93.1 121.61 0.000 S

4. Sri Ramakrishna Spinning Mills 91.5433 - 4.92606 44.9 7.33 0.024 S

5. Marris Spinners 47.926 1.73218 56.9 11.86 0.007 S

6. Gem Spinners 33.44 6.89091 77.9 31.66 0.000 S

7. Sri Lakshmi Saraswathi 81.7707 - 0.81848 4.3 0.40 0.542 NS

8. Kadri Mills Ltd. 80.226 3.14564 13.5 1.41 0.266 NS

**p<0.01 *p<0.05

It clearly indicates the trend movement of selected Companies in Table 4.5.21.

The trend value of Super Sales Spinning Mills for the year 2000 – 2001 was 34.28 and it

was continuously increasing every year till 2010 -2011. And for the Kadri trend value for

145

the year 2000 – 2001 was 69.23. The table 4.5.22 implies that estimates of trend

co-efficients for net sales of selected textile industry in Tamilnadu. It is clear from the

table that the significant difference between actual and trend values in Amarjothi

Spinning Mills, Super Sales, Khandhagiri, Marris and Gem at 1 per cent level of

significance. But in the case of Sri Ramakrishna Mills there is significant difference

between actual and trend at 5 per cent level of significance. Finally there is no significant

difference in case of Kadri and Sri Lakshmi Saraswathi of the industries in both

1 per cent and 5 per cent of level of significance

TABLE 4.5.24 PROJECTIONS FOR NET SALES OF MEDIUM SCALE COMAPNIES

Year C1 C2 C3 C4 C5 C6 C7 C8

2012 111.03 137.58 111.62 32.43 68.71 116.13 71.95 117.97

2013 117.36 146.47 117.52 27.50 70.44 123.02 71.13 121.12

2014 123.69 155.37 123.43 22.58 72.18 129.91 70.31 124.27

2015 130.02 164.26 129.33 17.65 73.91 136.80 69.49 127.41

2016 136.35 173.15 135.24 12.73 75.64 143.70 68.67 130.56


growth models listed in table 4.5.24 shows that Super Sales Spinning have more

Inventories. Table 4.5.24 indicates that the Marris and, Gem, Kari, Amarjothi and

Khandhagiri are having marginal Net Sales. Finding also points out that by the year

2015-2016 Sri Ramakrishna and Sri Lakshmi Saraswathi has decreasing trend in Net

Sales.

146

TABLE 4.5.25 ACTUAL AND TREND VALUE FOR TOTAL INCOME OF MEDIUM SCALE COMPANIES


Super Sales Spinning Mills



Marris Spinners

Gem Spinners


Kadri Mills Ltd.

2001 47.23 39.53 56.56 109.75 58.27 62.73 84.17 69.44

2002 46.89 56.26 49.21 96.89 47.18 40.19 68.92 53.03

2003 49.27 59.32 52.99 57.44 44.4 45.25 72.94 87.57

2004 65.92 79.4 61.47 68.73 59.21 54.07 111.29 144.48

2005 76.86 68.04 69.72 32.57 54.46 58.66 102.86 144.35

2006 71.5 87.4 76.09 66.22 61.24 61.76 66.45 82.45

2007 86.94 106.59 94.51 99.75 68.57 97.07 80.05 87.28

2008 83.91 102.82 83.57 59.3 66.29 106.8 69.68 99.2

2009 91.03 99.4 86.92 56.19 60.03 106.76 67.66 92.95

2010 99.54 132.51 111.69 64.79 67.97 92.99 75.69 111.86

2011 105.598 131.701 108.224 52.7120 69.4807 111.901 72.2520 113.457

Mean 74.97 87.54 77.36 69.49 59.74 76.20 79.27 98.73

SD 20.83 30.39 21.65 23.22 8.42 27.03 14.86 28.40

CV 27.78 34.72 27.98 33.42 14.10 35.47 18.74 28.76

CAGR 8.379 12.789 6.704 -7.071 1.775 5.958 -1.515 5.032

147


prediction for the year of 2001and 2011 for Total Income. In the year 2001 highest trend

value in the Sri Ramakrishna (109.75) and Sri Lakshmi Saraswathi (84.17), lowest trend

value to the Super Sales (39.53) and for the future period 2016 the trend value is highest

in the Super Sales i.e., 175.86 and followed by Gem Spinners i.e., 147.60 and the

lowest trend value in the Sri Ramakrishna (35.94) followed by Sri Lakshmi Sarawathi

65.23. There was continuous increasing trend to Super Sales, Khandagiri, Amarjothi,

Gem Spinners and there was decreasing trend value in the Sri Ramakrishna, Sri Lakshmi

Saraswathi.

TABLE 4.5.26 ESTIMATES OF TREND CO-EFFICIENTS FOR TOTAL INCOME OF MEDIUM SCALE COMAPNIES

S.NO. Companies P= α + βt+e p-

value

S/NS

α β R2 F



3. Khandhagiri Spinning Mills

40.322 6.17291 89.4 76.19 0.000 S

4. Sri Ramakrishna Spinning Mills 89.614 - 3.35473 23.0 2.68 0.136 NS


6. Gem Spinners 33.3553 7.14048 76.8 29.77 0.000 S



**p<0.01 *p<0.05


The trend value of Super Sales Textile industry for the year 2000 – 2001 was 39.53 and it

148

was continuously increasing every year till 2010 -2011. And for the Kadri trend value for

the year 2000 – 2001 was 69.44. The table 4.5.26 implies that estimates of trend

co-efficients for Total income of selected textile industry in Tamilnadu. It is clear from

the table that the significant difference between actual and trend values in Amarjothi

Spinning Mills, Super Sales, Khandhagiri, Marris and Gem at 1 per cent level of

significance. Finally there is no significant difference in case of Kadri,

Sri Ramakrishna and Sri Lakshmi Saraswathi of the industries in both 1 per cent and

5 per cent of level of significance

4.5.27 PROJECTIONS FOR TOTAL INCOME OF MEDIUM SCALE COMAPNIES

T

he

projectio

n

obtained

for Total

income

of textile

industry in Tamilnadu by linear growth models listed in table 4.5.27 shows that Super

Sales Spinning Mills have more total income. Table 4.5.27 indicates that the Marris and,

Gem, Kadri, Amarjothi and Khandhagiri are having marginal income. Finding also points

out that by the year

2015-2016 Sri Ramakrishna and Sri Lakshmi Saraswathi has decreasing trend in Total

income.


2012 111.72 140.53 114.40 49.36 71.43 119.04 70.85 116.40

2013 117.85 149.37 120.57 46.00 73.38 126.18 69.45 119.35

20-14 123.97 158.20 126.74 42.65 75.33 133.32 68.04 122.29

2015 130.10 167.03 132.92 39.29 77.28 140.46 66.64 125.24

2016 136.22 175.86 139.09 35.94 79.22 147.60 65.23 128.18

149

TABLE 4.5.28 ACTUAL AND TREND VALUE FOR OPERATING PROFIT OF MEDIUM SCALE COMPANIES



Mills



Marris Spinners

Gem Spinners


Kadri Mills Ltd.

2001 8.9 7.76 6.78 12.93 7.43 8.75 10.84 6.32

2002 8.14 7.01 6.9 0.32 3.23 7.06 8.1 5.73

2003 10.15 11.22 8.85 1.24 7.32 7.7 9.9 12.17

2004 15.82 11.89 13.42 -2.52 8.11 7.75 10.05 14.7

2005 18.39 10.8 13.39 0.38 8.06 7.4 8.55 11.32

2006 18.48 21.05 17.9 8.44 9.93 8.33 9.37 8.92

2007 17.58 31.63 22.01 39.43 12.08 11.34 11.2 8.52

2008 14.57 30.48 19.81 6.22 7.9 6.24 3.54 8.56

2009 21.13 19.76 13.12 3.9 6.62 0.81 4.42 10.74

2010 25.95 41.37 22.31 12.47 11.33 0.68 5.7 8.19

2011 24.9727 37.8807 23.3953 14.2720 10.7180 2.87333 4.84867 9.9473

Mean 16.73 20.99 15.26 8.83 8.430 6.27 7.865 9.556

SD 6.02 12.48 6.19 11.65 2.496 3.39 2.757 2.596

CV 35.99 59.48 40.58 132.02 29.61 54.08 35.06 27.17

CAGR 10.868 17.181 13.185 0.992 3.732 -10.538 -7.730 4.640

150

The above table reveals the trend analysis – using method of least square for

prediction for the year of 2001and 2011 for Operating Profit. In the year 2001 highest trend

value in the Sri Ramakrishna (12.93), lowest trend value to the Kadri (6.32). and for the

future period 2015 the trend value is highest in the Super Sales i.e., (41.26) and followed by

Amarjothi i.e., 26.62 and the lowest trend value in the Gem Spinners i.e.,( 2.19 ) followed by

Sri Lakshmi Sarawathi i.e., 4.25. There was continuous increasing trend to Amarjothi

Spinning Mills, Super Sales, and there was decreasing trend value in the Gem and Sri

Lakshmi Saraswathi.

4.5.29 ESTIMATES OF TREND CO-EFFICIENTS FOR OPERATING PROFIT OF MEDIUM SCALE COMAPNIES






4. Sri Ramakrishna Spinning Mills 2.29 1.08927 9.6 0.96 0.353 NS


6. Gem Spinners 10.3387 0.678667 44.1 7.11 0.026 S

7. Sri Lakshmi Saraswathi 11.4853 - 0.60333 52.7 10.01 0.011 S


**p<0.01 *p<0.05



was continuously increasing every year till 2010 -2011. And for the Amarjothi Spinning

151

Mills trend value for the year 2000 – 2001 was 8.9. The table 4.5.29 implies that

estimates of trend co-efficients for Operating Profit of selected textile industry in

Tamilnadu. It is clear from the table that the significant difference between actual and

trend values in Amarjothi Spinning Mills, Super Sales, Khandhagiri, and Sri Lakshmi

Saraswathi at 1 per cent level of significance. But in the case of Marris and Gem there is

significant difference between actual and trend at 5 per cent level of significance. Finally

there is no significant difference in case of Kadri and Sri Ramakrishna of the industries in

both 1 per cent and 5 per cent of level of significance.

4.5.30 PROJECTIONS FOR OPERATING PROFIT OF MEDIUM SCALE

COMAPNIES


2012 26.62 41.26 25.02 15.36 11.18 2.19 4.25 10.025

2013 28.27 44.64 26.65 16.45 11.63 1.51 3.64 10.103

20-14 29.91 48.02 28.28 17.54 12.09 0.84 3.04 10.182

2015 31.56 51.40 29.90 18.63 12.55 0.16 2.44 10.26

2016 33.21 54.77 31.53 19.72 13.01 -0.52 1.83 10.33

The projection obtained for operating profit of textile company in Tamilnadu by

linear growth models listed in table 4.5.30 shows that Super Sales Textile industry have

more operating profit. Table 4.5.30 indicates that the Marris Kadri, Amarjothi

Khandhagiri and Sri Ramamkrishna are having marginal operating profit. Finding also

points out that by the year 2015-2016 Gem and Sri Lakshmi Saraswathi has decreasing

trend in Operating profit.

152

TABLE 4.5.31 ACTUAL AND TREND VALUE FOR ANNUAL NET PROFIT OF MEDIUM SCALE COMPANIES



Mills



Marris Spinners

Gem Spinners


Kadri Mills Ltd.

2001 1.05 -0.27 0.97 2.22 0.67 -23.22 3.38 0.41

2002 0.76 -0.28 0.86 -9.18 -3.52 -1.21 2.05 0.04

2003 3.15 2.91 2.51 -15.3 1.1 -0.68 1.74 4.02

2004 5.65 3.93 1.8 -13.51 1.91 -1.31 1.43 6.29

2005 8.52 5.74 2.89 -4.25 0.84 -0.96 -1.02 3.93

2006 5.25 8.54 4.03 -0.16 2.19 0.57 1.46 1.3

2007 3.93 11.92 4.7 1.49 2.1 2.88 2.49 -0.05

2008 0.7 9.17 3.05 -9.79 -2.01 -1.69 -2.87 0.62

2009 3.37 0.81 -2.64 -9.46 -2.86 -5.97 -2.71 1.73

2010 9.49 17.32 3.36 -0.71 0.21 -6.32 -1.56 0.24

2011 6.638 13.44 2.471 -4.254 -0.3753 0.470 -2.733 0.9080

Mean 3.893 6.05 2.275 -5.17 0.613 -3.41 0.231 1.993

SD 3.086 5.48 2.019 6.49 2.703 7.09 2.257 2.104

CV 73.71 96.45 96.82 -109.02 3339.34 -194.05 515.87 116.76

CAGR 20.251 0.000 9.803 0.000 0.000 0.000 0.000 8.276

Formatted Table

Formatted: Space Before: 4 pt, After: 4 pt















153


prediction for the year of 2001and 2011 for Net profit. In the year 2001 highest trend value

in the Sri Lakshmi Sarswathi ( 3.38 ), lowest trend value to the Gem Spinners (-23.22 ). and

for the future period 2016 the trend value is highest in the Super Sales i.e., (16.58) and

followed by Amarjothi i.e., 5.76 and the lowest trend value in the Sri Lakshmi Saraswathi

(-5.14)followed by Sri Ramakrishna i.e.,( 0.52). There was continuous increasing trend to

Super sales, Amarjothi and there was decreasing trend value in the Sri Lakshmi Sraswathi,

Sri Ramakrishna, Marris Spinners, Kadri.

TABLE 4.5.32 ESTIMATES OF TREND CO-EFFICIENTS FOR NET PROFIT OF

MEDIUM SCALE COMAPNIES



1. Amarjothi Spinning Mills 1.73533 0.445758 4.0 0.38 0.553 NS

2. Super Sales Spinning Mills -1.488 1.35764 40.7 6.17 0.035 S

3. Khandhagiri Spinning Mills 1.83467 0.0578788 3.0 0.27 0.613 NS

4. Sri Ramakrishna Spinning Mills -7.47533 0.292788 8.4 0.83 0.386 NS

5. Marris Spinners 0.501333 - 0.07969 7.0 0.67 0.433 NS

6. Gem Spinners -8.052 0.774727 13.0 1.34

0.276 NS

7. Sri Lakshmi Saraswathi 3.61133 - 0.57678 62.2 14.81 0.004 S

8. Kadri Mills Ltd. 2.798 - 0.17181 0.9 0.08 0.786 NS

**p<0.01 *p<0.05

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154


The trend value of Amarjothi Spinning Mills for the year 2000 – 2001 was 1.05 and it

was continuously increasing every year till 2010 -2011. And for the trend value of

Khandhagiri for the year 2000 – 2001 was 0.97 . The table 4.5.32 implies that estimates

of trend co-efficients for Net Profit of selected textile industry in Tamilnadu. It is clear

from the table that the significant difference between actual and trend values in, Sri

Lakshmi Saraswathi at 1 per cent level of significance. But in the case of Super Sales,

there is significant difference between actual and trend at 5 per cent level of significance.

Finally there is no significant difference in case of Amarjothi Textile industry, Marris

,Gem, Kadri , Sri Ramakrishna and Khandhagiri of the industries in both 1 per cent and


TABLE

4.5.33 PROJECTIONS FOR NET PROFIT OF MEDIUM SCALE COMAPNIES


2012 5.02 12.37 2.90 -1.75 1.90 1.21 -2.99 1.64

2013 5.20 13.42 3.01 -1.18 2.12 1.98 -3.53 1.58

20-14 5.39 14.47 3.11 -0.62 2.33 2.75 -4.06 1.52

2015 5.58 15.52 3.22 -0.05 2.55 3.52 -4.60 1.46

2016 5.76 16.58 3.32 0.52 2.76 4.29 -5.14 1.40

The projection obtained for Net profit of textile industry in Tamilnadu by linear

growth models listed in table 4.5.33 shows that Super Sales Textile industry have more



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155

Net profit. Table 4.5.33 indicates that the Marris, Gem, Amarjothi , Khandhagiri and Sri

Ramamkrishna are having marginal Net profit. Finding also points out that by the year

2015-2016 Kadri and Sri Lakshmi Saraswathi has decreasing trend in Net profit

156

TABLE 4.5.34 ACTUAL AND TREND VALUE FOR ANNUAL RESERVES OF MEDIUM SCALE COMPANIES



Mills



Marris Spinners

Gem Spinners


Kadri Mills Ltd.

2001 10.13 17.18 14.86 3.95 -0.96 -26.88 18.52 21.14

2002 6.15 14.34 10.6 12.36 -6.79 -28.33 15.65 17.55

2003 8.69 16.09 11.76 7.14 -5.54 -14.78 16.88 21.57

2004 13.56 19.2 12.18 -3.17 -3.63 -16.09 17.58 27.82

2005 21.16 20.07 13.38 -8.27 -2.69 -17.05 18.26 31.83

2006 25.2 26.54 15.35 -9.26 0.08 -16.48 19.27 20.96

2007 18.59 36.07 16.49 21.86 2.73 -13.6 21.17 20.27

2008 18.17 43.46 20.06 20.93 1.24 -15.29 18.31 20.11

2009 20.33 44.12 40.4 15.98 -1.5 -21.26 15.6 19.44


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157

2010 28.39 58.6 43.34 20.31 -1.26 -27.58 13.96 18.05

2011 28.0413 55.406 37.2193 18.7040 1.17067 -18.1113 16.7713 20.0273

Mean 18.04 31.92 21.42 9.14 -1.559 -19.59 17.452 21.71

SD 7.65 16.34 12.48 11.82 2.926 5.52 1.983 4.29

CV 42.41 51.21 58.25 129.39 -187.65 -28.16 11.36 19.76

CAGR 10.718 12.423 9.616 16.824 0.000 -3.872 -0.987 -0.539




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158

The above table shows the trend analysis – using method of least square for

prediction for the year of 2001and 2011 for Reserves. In the year 2001 highest trend value in

the Kadri i.e., (21.14), lowest trend value to the Gem Spinners (-26.88) and for the future

period 2016 the trend value is highest in the Super Sales i.e., 78.90 and followed by

Khandhagiri i.e., (53.02)and the lowest trend value in the Gem Spinners (-16.64 ) followed

by Marris Spinners i.e., 3.90. There was continuous increasing trend to Super Sales,

Khandagiri, Amarjothi and there was decreasing trend value in the Gem Spinners, Marris,

Sri Lakshmi Saraswathi.

TABLE 4.5.35 ESTIMATES OF TREND CO-EFFICIENTS FOR RESERVES OF MEDIUM SCALE COMAPNIES






4. Sri Ramakrishna Spinning Mills -2.338 1.91291 28.8 3.64 0.089 NS

5. Marris Spinners -4.83467 0.545939 38.3 5.59 0.042 S

6. Gem Spinners -21.3567 0.295030 3.1 0.29 0.602 NS



**p<0.01 *p<0.05




Khandhagiri for the year 2000 – 2001 was 14.86. The table 4.3.35 implies that estimates

159

of trend co-efficients for Reserves of selected textile industry in Tamilnadu.

It is clear from the table that the significant difference between actual and trend values in

Amarjothi, Super Sales and Khandhagiri at 1 per cent level of significance. But in the

case of Marris there is significant difference between actual and trend at 5 per cent level

of significance. Finally there is no significant difference in case of Sri Ramakrishna,

Gem, Kadri and Sri Kakshmi Saraswathi of the industries in both 1 per cent and

5 per cent of level of significance.

TABLE 4.5.36 PROJECTIONS FOR RESERVES OF MEDIUM SCALE COMAPNIES


2012 30.04 60.11 40.38 20.62 1.72 -17.82 16.63 19.69

2013 32.04 64.80 43.54 22.53 2.26 -17.52 16.50 19.36

20-14 34.04 69.50 46.70 24.44 2.81 -17.23 16.36 19.02

2015 36.04 74.20 49.86 26.35 3.35 -16.93 16.23 18.69

2016 38.04 78.90 53.02 28.27 3.90 -16.64 16.09 18.35

The projection obtained for reserves of textile industry in Tamilnadu by linear

growth models listed in table 4.5.36 shows that Super Sales Spinning Mills have more

reserves. Table 4.5.36 indicates that the Marris, Amarjothi, Khandhagiri and

Sri Ramamkrishna are having marginal reserves. Finding also points out that by the year

2015-2016 Gem, Kadri and Sri Lakshmi Saraswathi has decreasing trend in reserves.

160

TABLE 4.5.37 ACTUAL AND TREND VALUE FOR SHAREHOLDERSFUND OF MEDIUM SCALE COMPANIES





Marris Spinners

Gem Spinners


Kadri Mills Ltd.

2001 16.88 20.25 18.72 7.18 7.06 1.72 22.69 23.92

2002 12.9 17.41 14.46 15.59 1.23 0.27 18.98 20.33

2003 15.44 19.16 15.62 10.37 2.48 5.63 20.21 24.35

2004 20.31 22.27 16.04 0.06 4.39 4.32 20.91 30.6

2005 27.91 23.14 17.24 -5.04 5.33 3.64 21.59 34.61

2006 31.95 29.61 19.21 -6.03 8.1 4.21 22.6 23.74

2007 25.34 39.14 20.35 25.84 10.75 7.09 24.5 23.05

2008 24.92 46.53 23.92 28.05 9.26 5.4 21.64 22.49

2009 27.08 47.19 44.26 23.1 6.52 -0.57 18.93 21.82

2010 35.14 61.67 47.2 27.43 6.76 -6.89 17.29 20.43

2011 34.791 58.476 41.079 25.974 9.1907 -0.039 19.933 22.407

Mean 24.79 34.99 25.28 13.87 6.461 2.25 20.843 24.34

SD 7.65 16.34 12.48 13.28 2.926 3.95 2.051 4.38

CV 30.86 46.71 49.35 95.79 45.28 175.19 9.84 17.99

CAGR 7.500 11.187 8.176 13.721 2.673 0.000 -1.287 -0.651

161


prediction for the year of 2001and 2011 for Shareholders fund. In the year 2001 highest trend

value in the Kadri i.e., (23.92 ), lowest trend value to the Gem spinners i.e., (1.72 ) and for

the future period 2016 the trend value is highest in the Super Sales i.e., 81.97 and followed

by Khandhagiri i.e., 56.88 and the lowest trend value in the Gem Spinners (-2.33) followed

by Marris Spinners i.e., 11.92. There was continuous increasing trend to Super Sales,

Khandhagiri, Amarjothi, Sri Ramakrishna and there was decreasing trend value in the Gem,

Marris Spinners

TABLE 4.5.38 ESTIMATES OF TREND CO-EFFICIENTS FOR SHAREHOLDERS FUND OF MEDIUM SCALE COMAPNIES


value S/NS

α β R2 F



3. Khandhagiri Spinning Mills

6.32467 3.1595 70.5 21.54 0.001 S

4. Sri Ramakrishna Spinning Mills -0.664 2.4216 36.6 5.19 0.049 S


6. Gem Spinners 5.00333 - 0.4584 14.8 1.57 0.242 NS



**p<0.01 *p<0.05

It clearly indicates the trend movement of selected Companies in

Table 4.5.37. The trend value of Super Sales Spinning Mills industry for the year 2000 –

2001 was 20.05 and it was continuously increasing every year till 2010 -2011. And for

the trend value of Khandhagiri for the year 2000 – 2001 was 18.72. The table 4.5.38

162

implies that estimates of trend co-efficients for shareholders fund of selected textile

industry in Tamilnadu. It is clear from the table that the significant difference between

actual and trend values in Amarjothi, Super Sales and Khandhagiri at 1 per cent level of

significance. But in the case of Sri Ramakrishna and Marris there is significant difference


difference in case of Gem, Kadri and Sri Kakshmi Saraswathi of the industries in both 1

per cent and 5 per cent of level of significance

TABLE 4.5.39 PROJECTIONS FOR SHAREHOLDERS FUND OF MEDIUM SCALE COMAPNIES


2012 36.79 63.17 44.24 28.40 9.74 -0.50 19.75 22.02

2013 38.79 67.87 47.40 30.82 10.28 -0.96 19.57 21.63

20-14 40.79 72.57 50.56 33.24 10.83 -1.41 19.39 21.25

2015 42.79 77.27 53.72 35.66 11.37 -1.87 19.21 20.86

2016 44.80 81.97 56.88 38.08 11.92 -2.33 19.02 20.47

The projection obtained for shareholders fund of textile industry in Tamilnadu by

linear growth models listed in table 4.5.39 shows that Super Sales Spinning Mills have

more shareholders fund. Table 4.5.39 indicates that the Marris, Amarjothi, Khandhagiri

and Sri Ramamkrishna are having marginal shareholders fund. Finding also points out

that by the year 2015-2016 Gem, kadri and Sri Lakshmi Saraswathi has decreasing trend

in shareholders fund.

163

TABLE 4.5.40 ACTUAL AND TREND VALUE FOR ANNUAL INVENTORIES OF MEDIUM SCALE COMPANIES





Marris Spinners

Gem Spinners


Kadri Mills Ltd.

2001 14.82 9.36 11.38 20.88 10.03 8.96 21.95 10

2002 13.6 9.98 14.23 13.71 9.38 12.64 13.49 5.58

2003 20.07 13.71 16.87 9.77 13.64 14.97 14.55 10.93

2004 29.72 19.81 24.82 9.44 21.62 17.4 27.32 13.57

2005 24.94 18.87 22.05 11.25 13.86 14.8 20.56 18.08

2006 20.92 22.35 17.97 9.15 19.31 15.93 21.87 11.13

2007 32.19 22.64 24.13 13.72 19.85 15.76 20.98 9.6

2008 25.3 30.06 23.46 16.78 21.6 24.15 18.59 12.78

2009 27.73 14.72 10.64 13 7.74 18.24 17.24 11.97

2010 35.34 26.82 33.27 6.33 19.56 17.26 15.52 17.42

2011 34.9007 28.3000 26.5047 9.39867 19.4667 21.2113 18.2360 15.5027

Mean 25.41 19.69 20.48 12.13 16.01 16.48 19.12 12.41

SD 7.48 7.14 6.94 4.09 5.21 4.04 3.98 3.64

CV 29.43 36.28 33.87 33.74 32.54 24.49 20.82 29.34

CAGR 8.943 11.699 8.822 -7.672 6.856 9.000 -1.837 4.482

164

The above table reveals that trend analysis – using method of least square for

prediction for the year of 2001and 2011 for Inventories . In the year 2001 highest trend value

in the Sri Lakshmi Saraswathi i.e., (21.95) lowest trend value to the Super Sales i.e., (9.36)

and for the future period 2016 the trend value is highest in the Amarjothi i.e., 44.39 and

followed by Super Sales i.e., ( 36.91) and the lowest trend value in the Sri Ramakrishna

(6.67) followed by Sri Lakshmi Saraswathi (17.36). There was continuous increasing trend to

Khandhagiri, Super sales, Amarjothi, Gem Spinners and there was decreasing trend value in

the Sri Ramakrishna, Sri Lakshmi Saraswathi, Kadri.

TABLE 4.5.41 ESTIMATES OF TREND CO-EFFICIENTS FOR INVENTORIES OF MEDIUM SCALE COMAPNIES





3. Khandhagiri Spinning Mills 13.259 1.204 33.1 4.46 0.064 NS

4. Sri Ramakrishna Spinning Mills 15.407 - 0.546 19.6 2.19 0.173 NS

5. Marris Spinners 11.851 0.692 19.4 2.17 0.175 NS

6. Gem Spinners 10.810 0.945 60.3 13.69 0.005 S



**p<0.01 *p<0.05

It clearly indicates the trend movement of selected Companies in Table 4.5.40. The

trend value of Amarjothi Spinning Mills for the year 2000 – 2001 was 14.82 and it was

continuously increasing every year till 2010 -2011. And for the trend value of

Khandhagiri for the year 2000 – 2001 was 11.38. The table 4.5.41 implies that estimates

165

of trend co-efficients for inventories of selected textile industry in Tamilnadu. It is clear

from the table that the significant difference between actual and trend values in

Amarjothi, Super Sales and Marris at 1 per cent level of significance. Finally there is no

significant difference in case of Khandhagiri, Sri Ramakrishna Sri Lakshmi Saraswathi

and Kadri of the industries in both 1 per cent and 5 per cent of level of significance

TABLE 4.5.42 PROJECTIONS FOR INVENTORIES OF MEDIUM SCALE COMAPNIES


2012 36.80 30.02 27.71 8.85 20.16 22.16 18.06 16.12

2013 38.70 31.74 28.91 8.31 20.85 23.10 17.88 16.74

20-14 40.59 33.46 30.11 7.76 21.55 24.05 17.71 17.35

2015 42.49 35.19 31.32 7.21 22.24 24.99 17.53 17.97

2016 44.39 36.91 32.52 6.67 22.93 25.94 17.36 18.59

The projection obtained for Inventories of textile industry in Tamilnadu by linear

growth models listed in table 4.5.42 shows that Amarjothi Spinning Mills have more

inventories shareholders fund. Table 4.5.42 indicates that the Super Sales, Marris,

Khandhagiri Gem and Kadri are having marginal inventories. Finding also points out that

by the year 2015-2016 Sri Ramamkrishna and Sri Lakshmi Saraswathi has decreasing

trend in inventories.

166

TABLE 4.5.43 ACTUAL AND TREND VALUE FOR NET SALES OF SMALL SCALE COMPANIES

Year Lambodhara Textiles Ltd.

Thambi Modern

Spinning Mills

Salem Textiles Ltd.

Sundaram Textiles Ltd. Binny Ltd.

Sri Ganapathy Mills

& Co Ltd.

Janakiraman Mills Ltd.

Kothari Industrial

Corporation

2001 13.87 41.01 23.63 44.64 30.96 66.55 17.63 85.82

2002 13.58 55.47 22.82 38.96 16.13 55.29 14.93 41.13

2003 15.56 35.39 24.07 45.78 11.3 43.39 11.8 37.51

2004 18.15 55.32 12.21 47.39 66.45 43.04 13.8 25.57

2005 20.01 56.72 21.41 49.11 7.37 36.27 12.18 23.24

2006 27.11 33.33 15.76 42.72 2.15 31.06 9.71 19.16

2007 28.24 49.59 15.98 40.72 5.03 30.48 15.95 15.77

2008 34.71 20.35 12.76 43.87 5.17 35.57 19.89 16.95

2009 47.98 34.76 6.97 39.06 6.64 28.78 26.95 24.51

2010 50.31 38.56 8.3 33.65 0.99 24.65 28.91 53.59

2011 50.3480 32.6233 6.39733 38.1180 -3.3240 18.0193 24.8447 16.2353

Mean 29.08 41.19 15.48 42.18 13.53 37.55 17.87 32.68

SD 14.67 11.69 6.74 4.57 19.78 13.94 6.49 21.33

CV 50.48 28.38 43.52 10.83 146.19 37.11 36.34 65.26

CAGR 13.760 -2.262 -12.249 -1.567 0.000 -12.248 3.490 -15.338

167


prediction for the year of 2001and 2011 for Net Sales. In the year 2001 highest trend value in

the Kothari (85.82), lowest trend value to the Lambodhara (13.87). and for the future period

2015 the trend value is highest in the Lambodhara i.e., 71.62 and followed by Sundaram i.e.,

34.05 and the lowest trend value in the Binny Ltd., i.e.,( -20.18 ) followed by Salem Textiles

i.e., (-2.69) . There was continuous increasing trend to Lambodhara, Sundaram, Thambi

Modern Spinning, Janakiraman and there was decreasing trend value in the Binny, Salem,

Kothari.

TABLE 4.5.44 ESTIMATES OF TREND CO-EFFICIENTS FOR NET SALES OF SMALL SCALE COMPANIES



1. Lambodhara Textiles Ltd. 3.556 4.253 92.5 110.45 0.000 S

2. Thambi Modern Spinning Mills 51.476 -1.7139 23.6 2.79 0.129 NS

3. Salem Textiles Ltd. 26.384 - 1.817 80.0 35.93 0.000 S

4. Sundaram Textiles Ltd. 47.062 - 0.813 34.8 4.81 0.056 NS

5. Binny Ltd. 33.762 - 3.371 31.9 4.22 0.070 NS

6. Sri Ganapathy Mills & Co Ltd. 60.996 - 3.907 86.4 57.41 0.000 S

7. Janakiraman Mills Ltd. 9.505 1.394 50.7 9.26 0.014 S

8. Kothari Industrial Corporation 52.414 - 3.289 26.2 3.19 0.108 NS

**p<0.01 *p<0.05


The trend value of Lambodhara for the year 2000 – 2001 was 13.87 and it was

continuously increasing every year till 2010 -2011. And for the trend value of

168

Janakiraman for the year 2000 – 2001 was 17.63. The table 4.3.44 implies that estimates

of trend co-efficients for Net Sales of selected textile industry in Tamilnadu. It is clear


Lambodhara, Salem Tex, Sri Ganapathy and Janakiraman at 1 per cent level of

significance. Finally there is no significant difference in case of the industries Thambi

Modern Spinning, Sundaram Tex, Binny Ltd and Kothari in both 1 per cent and


TABLE 4.5.45 PROJECTIONS FOR NET SALES OF SMALL SCALE COMPANIES


2012 54.60 30.91 4.58 37.31 -6.69 14.11 26.24 12.95

2013 58.86 29.19 2.76 36.49 -10.07 10.21 27.63 9.66

2014 63.11 27.48 0.95 35.68 -13.44 6.30 29.03 6.37

2015 67.36 25.77 -0.87 34.87 -16.81 2.39 30.42 3.08

2016 71.62 24.05 -2.69 34.05 -20.18 -1.52 31.81 -0.21


growth models listed in table 4.5.45 shows that Lambodara have more Net sales.

Table 4.5.45 indicates that Janikaraman Mills has marginal Net Sales. Finding also points

out that by the year 2015-2016 Thambi Modern, Salem Tex, Sundaram, Binny Ltd., Sri

Ganapathy and Kothari has decreasing trend in Net Sales.

169

TABLE 4.5.46 ACTUAL AND TREND VALUE FOR ANNUAL TOTAL INCOME OF SMALL SCALE COMPANIES


Thambi Modern

Spinning Mills

Salem Textiles Ltd.


Sri Ganapathy Mills

& Co Ltd.


Kothari Industrial

Corporation

2001 13.9 42.9 24.01 44.21 34.11 68 19.7 114.78

2002 13.8 55.18 23.04 43.06 17.67 55.08 14.63 53.45

2003 17.81 34.88 24.23 42.27 68.87 44.97 12.88 39.49

2004 18.2 55.73 11.88 50.25 50.14 40.64 14.19 25.57

2005 20.65 53.62 22.19 47.49 19.67 41.98 15.83 25.9

2006 27.13 38.26 14.86 43.78 5.06 35.58 15.2 27.28

2007 29.14 68.4 16.12 42.37 11.9 36.45 17.03 13.62

2008 37.22 20.97 13.08 42.66 14.57 39.31 19.63 17.7

2009 45.74 34.75 6.96 37.98 23.68 30.77 28.39 26.86

2010 51.47 38.19 9.08 34.84 8.36 26.38 31.53 60.41

2011 50.34 32.62 6.39 38.11 -3.32 18.01 24.84 16.23 Mean 29.58 43.23 15.62 42.46 22.79 39.74 19.44 38.30

SD 14.42 13.57 6.83 4.34 21.04 13.51 6.21 29.42

CV 48.86 30.54 43.47 10.24 85.00 32.12 32.77 78.01

CAGR 13.832 -1.591 -12.068 -1.490 -16.354 -10.598 3.221 -19.443

170


prediction for the year of 2001and 2011 for Total Income. In the year 2001 highest trend

value in the Kothari i.e., (114.78), lowest trend value to the Lambodhara i.e.,(13.9). and for

the future period 2016 the trend value is highest in the Lambodhara, i.e.,( 71.70) and

followed by Sundaram i.e.,(33.68) and the lowest trend value in the Binny Ltd., ie.,( -17.11)

followed by Kothari ie., (-9.95) There was continuous increasing trend to Lambodhara,

Sundaram Janakiraman and there was decreasing trend value in the Binny, Kothari , Salem

Tex, Sri Ganapathy.

TABLE 4.5.47 ESTIMATES OF TREND CO-EFFICIENTS FOR TOTAL INCOME OF SMALL SCALE COMPANIES




2. Thambi Modern Spinning Mills 52.031 - 1.407 15.0 1.59 0.239 NS


4. Sundaram Textiles Ltd. 47.734 - 0.880 45.0 7.36 0.024 S

5. Binny Ltd. 45.086 - 3.578 39.6 5.89 0.038 S


7. Janakiraman Mills Ltd. 10.753 1.481 54.3 10.71 0.010 S


**p<0.01 *p<0.05

It clearly indicates the trend movement of selected Companies in

Table 4.5.46. The trend value of Lambodhara for the year 2000 – 2001 was 13.9 and it

171


Janakiraman for the year 2000 – 2001 was 19.7. The table 4.5.47 implies that estimates of

trend co-efficients for Total Income of selected textile industry in Tamilnadu. It is clear


Lambodhara, Salem Tex, Sri Ganapathy and Janakiraman at 1 per cent level of

significance. But in the case of Sundaram and Binny there is significant difference


difference in case of the industries Thambi Modern Spinning, and Kothari in both 1 per cent

and 5 per cent of level of significance.

TABLE 4.5.48 PROJECTIONS FOR TOTAL INCOME OF SMALL SCALE

COMPANIES


2012 54.85 33.71 4.75 37.19 -1.15 17.08 27.73 9.35

2013 59.06 32.12 2.94 36.32 -5.14 13.30 29.11 4.52

20-14 63.27 30.54 1.12 35.44 -9.13 9.53 30.49 -0.30

2015 67.49 28.95 -0.69 34.56 -13.12 5.75 31.87 -5.13

2016 71.70 27.36 -2.50 33.68 -17.11 1.97 33.25 -9.95

The projection obtained for Total Income of textile industry in Tamilnadu by

linear growth models listed in table 4.5.48 shows that Lambodhara have more Total

Income. Table 4.5.48 indicates that Janikaraman Mills has marginal Total Income. inding

also points out that by the year 2015-2016 Thambi Modern, Salem Tex, Sundaram, Binny

Ltd., Sri Ganapathy and Kothari has decreasing trend in Total Income.

172

TABLE 4.5.49 ACTUAL AND TREND VALUE FOR OPERATING PROFIT OF SMALL SCALE COMPANIES


Thambi Modern Spinning

Mills

Salem Textiles Ltd.


Sri Ganapathy Mills & Co

Ltd.


Kothari Industrial

Corporation

2001 1.13 1.28 0.44 5.26 -5.98 4.61 2.52 -11.78

2002 1.31 -3.92 -12.6 4.28 -4.79 3.71 1.06 -15.24

2003 2.43 -5.61 -1.49 5.14 49.12 4.01 0.65 -8.34

2004 1.14 6.87 -7.19 4.84 35.37 1.2 -2.34 -15.26

2005 1.64 -15.48 0.93 4.79 -38.23 3.14 0.21 -3.23

2006 2.58 2.55 1.18 7.68 0.04 5.38 1.05 -9.69

2007 2.92 24.69 -0.31 7.91 -6.51 6.67 1.98 -11.07

2008 3.91 1.18 0.33 4.52 -1.2 2.46 -0.01 -1.12

2009 5.06 3.3 -1.22 6.61 -26.44 2.29 2 -0.82

2010 5.22 2.95 1.22 6.76 -7.84 1.97 2.6 -2.729

2011 5.292 7.481 2.018 7.072 -17.554 2.784 1.565 -0.437

Mean 2.966 2.30 -1.52 5.896 -2.18 3.475 1.026 -7.25

SD 1.655 9.85 4.44 1.330 24.99 1.610 1.417 5.76

CV 55.80 428.42 -292.58 22.56 -1144.81 46.35 138.05 -79.54

CAGR 16.696 19.310 16.452 3.005 11.370 -4.918 -4.650 -28.061

173


prediction for the year of 2001and 2011 for Operating Profit. In the year 2001 highest trend

value in the Sundaram i.e., (5.26), lowest trend value to the Kothari i.e., (-11.78). and for the

future period 2016 the trend value is highest in the Thambi Modern Spinning (12.66) and

followed by Sundaram ie.,8.25 and the lowest trend value in the Binny Ltd., i.e., (-32.92)

followed by Sri Ganapathy i.e.,(2.09). There was continuous increasing trend to Thambi

Modern Spinning, Sundaram and there was decreasing trend value in the Binny Ltd,

Sri Ganapathy.

TABLE 4.5.50 ESTIMATES OF TREND CO-EFFICIENTS FOR OPERATING PROFIT OF SMALL SCALE COMPANIES




2. Thambi Modern Spinning Mills -3.91933 1.03642 12.2 1.25 0.293 NS

3. Salem Textiles Ltd. -5.76 0.707091 27.9 3.49 0.095 NS

4. Sundaram Textiles Ltd. 43.2487 - 1.11576 34.4 4.71 0.058 NS

5. Binny Ltd. 16.2627 - 3.07430 16.6 1.80 0.213 NS

6. Sri Ganapathy Mills & Co Ltd. 4.304 - 0.138182 8.1 0.80 0.396 NS

7. Janakiraman Mills Ltd. 0.378667 0.107879 6.4 0.62 0.453 NS

8. Kothari Industrial Corporation -15.4167 1.36176 61.4 14.31 0.004 S

**p<0.01 *p<0.05


The trend value of Lambodhara for the year 2000 – 2001 was 1.13 and it was

continuously increasing every year till 2010 -2011. And for the trend value of Sundaram

174

for the year 2000 – 2001 was 5.26. The table 4.5.50 implies that estimates of trend

co-efficients for operating profit of selected textile industry in Tamilnadu. It is clear from

the table that the significant difference between actual and trend values in Lambodhara, at

1 per cent level of significance. Finally there is no significant difference in case of the

industries Thambi Modern Spinning, Sri Ganapathy, Salem Tex, Janakiraman, Sundaram,

Binny and Kothari in both 1 per cent and 5 per cent of level of significance

TABLE 4.5.51 PROJECTIONS FOR OPERATING PROFIT OF SMALL SCALE COMPANIES


2012 5.76 8.52 2.73 7.31 -20.63 2.64 1.67 0.92

2013 6.22 9.55 3.43 7.54 -23.70 2.51 1.78 2.29

20-14 6.69 10.59 4.14 7.78 -26.78 2.37 1.89 3.65

2015 7.15 11.63 4.85 8.01 -29.85 2.23 2.00 5.01

2016 7.62 12.66 5.55 8.25 -32.92 2.09 2.11 6.37

The projection obtained for Operating Profit of textile industry in Tamilnadu by

linear growth models listed in table 4.5.51 shows that Thambi Modern Textile industry

have more Operating Profit. Table 4.5.51 indicates that Lambodhara, Salem Tex,

Sudaram, Janikaraman and Kothari has marginal Operating Profit. Finding also points out

that by the year 2015-2016 Binny Ltd. and Sri Ganapathy has decreasing trend in

Operating Profit.

175

4.3.52 ACTUAL AND TREND VALUE FOR NET PROFIT OF SMALL SCALE COMPANIES


Thambi Modern Spinning Mills

Salem Textiles

Ltd.


Sri Ganapathy Mills

& Co Ltd.


Kothari Industrial

Corporation

2001 0.26 -6.65 -8.86 1.61 -26 0.17 1.53 45.53

2002 0.31 -18.01 -12 1.24 -28.42 -0.17 0.02 31.41

2003 1.41 -15.94 -7.19 1.55 -4.65 0.43 -0.14 39.52

2004 0.13 -0.55 -12.84 1.73 31.3 -0.81 -3.11 21.24

2005 0.42 -21.6 -1.53 1.73 -4.86 0.56 -0.49 12. 3

2006 0.68 -3.15 -0.37 3.24 -0.71 2.82 -0.42 14.56

2007 0.16 19.86 0.96 2.2 0.19 3.08 -0.24 12.77

2008 1.08 -2.35 -0.45 1.26 1.03 -0.16 -3.64 3.88

2009 1.12 1.09 -1.74 1.1 2.38 -1.14 -1.34 23.29

2010 0.81 0.25 0.78 1.79 -9.7 -0.46 0.02 13.01

2011 0.948 6.7427 3.504 1.815 6.106 0.382 -1.845 3.388

Mean 0.666 -3.66 -3.61 1.752 -3.03 0.396 -0.878 20.08

SD 0.439 11.83 5.61 0.584 15.96 1.364 1.500 13.79

CV 65.89 -322.69 -155.35 33.34 -526.64 316.82 -170.78 68.66

CAGR 13.819 0.000 0.000 1.208 0.000 8.452 0.000 -22.879

176


prediction for the year of 2001and 2011 for Net Profit. In the year 2001 highest trend value in

the Kothari i.e., (45.53), lowest trend value to the Binny Ltd., (-26) and for the future period

2016 the trend value is highest in the Thambi Modern Spinning i.e., 17.148 and followed by

Binny Ltd., ie., 15.246 and the lowest trend value in the Kothari ie., (-13.04) followed by.

Janakiraman i.e., (-2.815) There was continuous increasing trend to Thambi Modern, Salem

and there was decreasing trend value in the Kothari, Janakiraman.

TABLE 4.3.53 ESTIMATES OF TREND CO-EFFICIENTS FOR NET PROFIT OF SMALL SCALE COMPANIES



1. Lambodhara Textiles Ltd. 0.327333 0.05648 18.2 2.01 0.190 NS


3. Salem Textiles Ltd. -12.152 1.4232 70.7 21.74 0.001 S

4. Sundaram Textiles Ltd. 1.67467 0.01278 0.5 0.05 0.829 NS

5. Binny Ltd. -13.9947 1.82739 14.4 1.52 0.249 NS

6. Sri Ganapathy Mills & Co Ltd. 0.481333 - 0.00896 0.0 0.00 0.964 NS

7. Janakiraman Mills Ltd. 0.283333 - 0.1935 18.4 2.02 0.189 NS

8. Kothari Industrial Corporation 40.1133 - 3.3386 64.5 16.35 0.003 S

**p<0.01 *p<0.05


The trend value of Sri Ganapathy for the year 2000 – 2001 was 0.17 and it was

continuously increasing every year till 2010 -2011. And for the trend value of Sundaram

for the year 2000 – 2001 was 0.26. The table 4.3.53 implies that estimates of trend

177

co-efficients for Net profit of selected textile industry in Tamilnadu. It is clear from the

table that the significant difference between actual and trend values in Salem Textiles and

Kothari at 1 per cent level of significance. Finally there is no significant difference in

case of the industries Lambodhara, Thambi Modern Spinning, Sri Ganapathy,

Janakiraman, Sundaram and Binny in both 1 per cent and 5 per cent of level of

significance.

TABLE 4.5.54 PROJECTIONS FOR NET PROFIT OF SMALL SCALE COMPANIES


2012 1.006 8.823 4.926 1.830 7.935 0.435 -2.041 0.051

2013 1.062 10.904 6.349 1.843 9.763 0.441 -2.234 -3.288

20-14 1.119 12.986 7.772 1.856 11.590 0.447 -2.428 -6.627

2015 1.175 15.067 9.195 1.869 13.418 0.454 -2.622 -9.965

2016 1.232 17.148 10.618 1.882 15.246 0.460 -2.815 -13.304

The projection obtained for Net Profit of textile industry in Tamilnadu by linear

growth models listed in table 4.5.54 shows that Thambi Modern Textile industry and

Binny Ltd. have more Net Profit. Table 4.5.54 indicates that Lambodhara, Salem Tex,

Sudaram and Sri Ganapathy has marginal Net Profit. Finding also points out that by the

year 2015-2016 Janikaraman and Kothari has decreasing trend in Net Profit.

178

TABLE 4.5.55 ACTUAL AND TREND VALUE FOR ANNUAL RESERVES OF SMALL SCALE COMPANIES



Salem Textiles Ltd.


Sri Ganapathy

Mills & Co Ltd.


Kothari Industrial

Corporation

2001 0.1 0.82 -53.82 14.93 -170.87 16.34 -5.42 17.03

2002 0.13 -18.53 -75.69 15.86 -198.27 16.09 -5.96 10.32

2003 1.55 -34.66 -82.88 14.24 -157.11 16.28 -4.42 24.89

2004 1.68 7.85 -95.83 15.5 -59.8 15.64 -7.97 7.37

2005 2.12 -56.26 -97.36 16.78 -99.68 16.19 -8.36 3.08

2006 2.78 -39.41 -97.73 19.12 -100.2 17.93 -3.67 2.09

2007 2.98 9.31 -98.95 20.95 -107.75 20.05 -6.36 -14.91

2008 4.04 6.71 -99.39 13.77 -110.45 19.15 -6.15 -15.87

2009 12.85 7.87 -101.13 22.76 -137.99 17.89 -2.51 -5.14

2010 13.11 8.18 -100.35 24.35 156.49 16.42 1 -10.75

2011 11.5720 5.1587 -113.284 22.806 16.675 18.619 -2.222 -19.184

Mean 4.81 -9.36 -92.40 18.28 -88.1 17.327 -4.731 -0.10

SD 5.09 23.77 16.09 3.86 99.5 1.471 2.750 14.38

CV 105.81 -253.92 -17.42 21.12 -112.96 8.49 -58.13 -14784.17

CAGR 60.820 20.191 7.726 4.328 0.000 1.314 -8.531 0.000

179


prediction for the year of 2001and 2011 for Reserves. In the year 2001 highest trend value in

the Kothari i.e., (17.03), lowest trend value to the Binny Ltd.,(-170.87). and for the future

period 2016 the trend value is highest in the Binny Ltd., ie.,(118.85) and followed by

Sundaram ie.,(27.194) and the lowest trend value in the Salem Textile s ie.,(-133.52)

followed by Kothari ie., (-37.679). There was continuous increasing trend to Binny Ltd.,

Sundaram, Thambi Modern and there was decreasing trend value in the Salem Textile s,

Kothari, Janakiraman.

TABLE 4.5.56 ESTIMATES OF TREND CO-EFFICIENTS FOR RESERVES OF SMALL SCALE COMPANIES



1. Lambodhara Textiles Ltd. -3.304 1.352 72.3 20.88 0.002 S


3. Salem Textiles Ltd. -67.34 - 4.176 68.2 17.14 0.003 S

4. Sundaram Textiles Ltd. 12.845 0.905 53.5 9.21 0.016 S

5. Binny Ltd. -213.801 20.952 41.7 5.71 0.044 S

6. Sri Ganapathy Mills & Co Ltd. 15.776 0.258 27.9 3.10 0.116 NS



**p<0.01 *p<0.05


The trend value of Sundaram for the year 2000 – 2001 was 14.93 and it was continuously

increasing every year till 2010 -2011. And for the trend value of Janakiraman for the year

180

2000 – 2001 was 0.82. The table 4.5.56 implies that estimates of trend co-efficients for

Reserves of selected textile industry in Tamilnadu. It is clear from the table that the

significant difference between actual and trend values in Lambodhara, Salem Textiles,

Sundaram, Binny and Kothari at 1 per cent level of significance. But in the case of Binny

Ltd there is significant difference between actual and trend at 5 per cent level of

significance. Finally there is no significant difference in case of the industries Thambi

Modern Spinning, Sri Ganapathy and Janakiraman in both 1 per cent and 5 per cent of

level of significance

TABLE 4.5.57 PROJECTIONS FOR RESERVES OF SMALL SCALE COMPANIES


2012 12.9244 8.0624 -117.461 23.7122 37.627 18.8778 -1.72018 -23.0021

2013 14.2767 10.9662 -121.637 24.6178 58.579 19.1362 -1.21836 -26.8195

2014 15.6291 13.8699 -125.814 25.5234 79.532 19.3946 -0.71655 -30.6368

2015 16.9815 16.7737 -129.990 26.4290 100.484 19.6530 -0.21473 -34.4542

2016 18.124 19.2269 -133.52 27.194 118.185 19.8713 0.20922 -37.679

The projection obtained for Reserves of textile industry in Tamilnadu by linear

growth models listed in table 4.5.57 shows that Thambi Modern Textile industry and

Lambodhara have more Reserves. Table 4.5.57 indicates that Sudaram, Binny Ltd and

Sri Ganapathy has marginal Reserves. Finding also points out that by the year 2015-2016

Salem Tex, Janikaraman and Kothari has decreasing trend in Reserves.

181

TABLE 4.3.58 ACTUAL AND TREND VALUE FOR SHAREHOLDERS FUND OF SMALL SCALE COMPANIES



Salem Textiles

Ltd.


Sri Ganapathy

Mills & Co Ltd.


Kothari Industrial

Corporation

2001 4.48 5.72 -47.22 15.38 -148.13 19.37 -4.52 30.29

2002 4.51 -13.63 -69.09 16.31 -175.53 19.12 -5.06 23.58

2003 5.93 -29.76 -76.28 14.69 -134.37 19.31 -3.52 38.15

2004 6.06 12.75 -89.23 15.95 -48.05 18.67 -6.52 20.63

2005 6.5 -51.36 -90.76 17.23 62.07 19.22 -6.9 16.34

2006 7.16 -34.51 -91.13 19.57 61.55 20.96 -2.21 15.35

2007 7.36 15.07 -92.35 21.4 74 23.14 -5.96 -1.65

2008 8.42 12.47 -92.79 14.22 76.3 22.24 -5.75 -2.61

2009 17.23 13.63 -94.53 23.21 107.61 20.98 -2.11 8.12

2010 17.49 13.94 -93.75 24.8 284.87 19.51 1.58 2.51

2011 15.9520 11.090 -106.68 23.25 259.29 21.72 -1.73 -5.92

Mean 9.19 -4.05 -85.80 18.73 38.1 20.386 -3.883 13.16

SD 5.09 24.08 16.09 3.86 153.6 1.495 2.572 14.38

CV 55.38 -594.14 -18.75 20.61 402.72 7.33 -66.25 109.26

CAGR 13.541 6.845 8.492 4.222 0.000 1.152 -9.115 0.000

182


prediction for the year of 2001and 2011 for Shareholders Fund. In the year 2001 highest

trend value in the Kothari ie., (30.29), lowest trend value to the Binny Ltd., ie., (-148.13). and

for the future period 2016 the trend value is highest in the Binny Ltd., ie.,(480.45) and

followed by Sundaram ie., 27.78 and the lowest trend value in the Salem Textiles ie.,

(-127.57) followed by Kothari (-25.01). There was continuous increasing trend to Binny Ltd.,

Sundaram and there was decreasing trend value in the Salem Textile s, Kothari.

TABLE 4.5.59 ESTIMATES OF TREND CO-EFFICIENTS FOR SHAREHOLDERS FUND OF SMALL SCALE COMPANIES





3. Salem Textiles Ltd. -60.742 - 4.176 74.1 25.71 0.001 S

4. Sundaram Textiles Ltd. 13.295 0.905 60.6 13.82 0.005 S

5. Binny Ltd. -227.23 44.230 91.2 93.01 0.000 S

6. Sri Ganapathy Mills & Co Ltd. 18.782 0.267 35.1 4.87 0.055 NS

7. Janakiraman Mills Ltd. -6.456 0.428 30.6 3.97 0.078 NS


**p<0.01 *p<0.05


The trend value of Sundaram for the year 2000 – 2001 was 15.38 and it was continuously

increasing every year till 2010 -2011. And for the trend value of Lambodhara for the year

2000 – 2001 was 4.48. The table 4.5.59 implies that estimates of trend co-efficients for

183

Shareholders fund of selected textile industry in Tamilnadu. It is clear from the table that

the significant difference between actual and trend values in Lambodhara, Salem

Textiles, Sundaram, Binny Ltd and Kothari at 1 per cent level of significance Finally

there is no significant difference in case of the industries Thambi Modern Spinning, and

Sri Ganapathy in both 1 per cent and 5 per cent of level of significance

TABLE 4.5.60 PROJECTIONS FOR SHAREHOLDERS FUND OF SMALL SCALE COMPANIES


2012 17.30 14.12 -110.86 24.16 303.53 21.99 -1.31 -9.74

2013 18.66 17.15 -115.04 25.07 347.76 22.26 -0.88 -13.56

20-14 20.01 20.18 -119.21 25.97 391.99 22.52 -0.45 -17.38

2015 21.36 23.21 -123.39 26.88 436.22 22.79 -0.02 -21.19

2016 22.71 26.23 -127.57 27.78 480.45 23.06 0.41 -25.01

The projection obtained for Shareholders fund of textile industry in Tamilnadu by

linear growth models listed in table 4.5.60 shows that Binny Ltd have more Shareholders

fund. Table 4.5.60 indicates that Lambodara, Thambi Modern, Sudaram and Sri Ganapathy

has marginal Shareholders fund. Finding also points out that by the year 2015-2016

Salem Tex, Janikaraman and Kothari has decreasing trend in Shareholders fund.

184

4.3.61 ACTUAL AND TREND VALUE FOR INVENTORIES OF SMALL SCALE COMPANIES



Salem Textiles Ltd.

Sundaram Textiles Ltd.

Binny Ltd.

Sri Ganapathy

Mills & Co Ltd.


Kothari Industrial

Corporation

2001 1.48 26.98 2.06 12.4 77.97 16.68 3.52 8.75

2002 1.39 24.58 2.16 13.06 75.31 12.25 1.97 4.78

2003 2.45 19.38 2.2 13.14 74.05 12.04 1.33 3.75

2004 2.37 27.01 1.64 18.15 21.48 7 1.49 3.12

2005 3.42 4.65 1.58 11.96 21.19 10.14 1.43 2.17

2006 3.17 4.73 0.19 19.07 21.13 9.27 0.81 1.12

2007 4.15 4.08 0.21 17.66 21.19 7.34 3.14 1.12

2008 6.37 4.46 0.43 11.35 21.25 7.71 3.18 2.86

2009 4.11 6.44 0.28 10.21 20.99 6.53 3.6 2.68

2010 5.15 5.83 0.18 18.81 1.23 7.69 8.98 9.76

2011 5.964 -2.54 -0.394 15.72 -8.94 4.916 5.416 3.440

Mean 3.638 11.42 0.958 14.685 31.53 9.23 3.170 3.959

SD 1.692 10.80 0.968 3.271 30.13 3.35 2.353 2.837

CV 46.50 94.55 100.99 22.28 95.56 36.32 74.23 71.65

CAGR 14.956 0.000 0.000 2.406 0.000 -11.499 4.403 -8.912

185


prediction for the year of 2001and 2011 for inventories. In the year 2001 highest trend value

in the Binny Ltd., ie., (77.97), lowest trend value to the Salem Textile s ie., (2.06) and for the

future period 2016 the trend value is highest in the Sundaram ie., (16.77) and followed by

Lambodhara i.e., (8.29) and the lowest trend value in the Binny Ltd., (-49.43) followed by

Thambi Modern Spinning ie., (-16.50). There was continuous increasing trend to Sundaram,

Lambodhara and there was decreasing trend value in the Binny Ltd., Thambi Modern, Salem

Textiles.

TABLE 4.5.62 ESTIMATES OF TREND CO-EFFICIENTS FOR INVENTORIES OF SMALL SCALE COMPANIES




2. Thambi Modern Spinning Mills 28.1687 - 2.79176 73.6 25.03 0.001 S


4. Sundaram Textiles Ltd. 13.4333 0.208667 4.5 0.42 0.532 NS

5. Binny Ltd. 80.1067 - 8.09594 79.4 34.74 0.000 S




**p<0.01 *p<0.05

It clearly indicates the trend movement of selected Companies in Table 4.5.61. The trend value of Sundaram for the year 2000 – 2001 was 12.4 and it was continuously increasing every year till 2010 -2011. And for the trend value of Kothari for

Formatted: Left: 1.25", Right: 1.25", Top: 1", Bottom: 1", Width: 8.5", Height: 11"

186

the year 2000-2001 was 8.75. The table 4.5.62 implies that estimates of trend co-efficients for Inventories of selected textile industry in Tamilnadu. It is clear from the table that the significant difference between actual and trend values in Lambodhara, Thambi Modern Spinning, Salem Textiles, Binny Ltd and Sri Ganapathy at 1 per cent level of significance Finally there is no significant difference in case of the industries Sundaram, Janakiraman and Kothari in both 1 per cent and 5 per cent of level of significance.

TABLE 4.5.63 PROJECTIONS FOR INVENTORIES OF SMALL SCALE COMPANIES


2012 6.43 -5.33 -0.66 15.94 -17.05 4.05 5.87 3.34

2013 6.89 -8.12 -0.93 16.15 -25.14 3.19 6.32 3.23

20-14 7.36 -10.92 -1.20 16.36 -33.24 2.33 6.77 3.13

2015 7.82 -13.71 -1.47 16.56 -41.33 1.47 7.22 3.03

2016 8.29 -16.50 -1.74 16.77 -49.43 0.60 7.66 2.92

The projection obtained for inventories of textile industry in Tamilnadu by linear

growth models listed in table 4.5.63 shows that Sundaram Mills have more inventories.

Table 4.5.63 indicates that Lambodhara, and Janikaraman has marginal inventories.

Finding also points out that by the year 2015-2016 Thambi Modern, Sudaram,

Sri Ganapathy, Salem Tex, and Kothari has decreasing trend in inventories.

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