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Papers by Shivam kakati

International Journal of Rural Management

The prime objective of the study is to analyse and evaluate the financial performance of the FPCs... more The prime objective of the study is to analyse and evaluate the financial performance of the FPCs in India. Financial ratios, trend analysis and grey relational analysis (GRA) were the tools used to achieve this objective. The present study analysed the financial performance of 83 FPCs in India from 2013–2014 to 2018–2019. The liquidity position of the FPCs was found to be above satisfactory levels. The solvency position of the FPCs was found to be improving as they were shifting from debt financing to equity financing. The efficiency and profitability positions of the FPCs were below par. Almost one-third of the FPCs were loss-making in 2018–2019. Using GRA, ‘Howrah Agro Producer Company’ from West Bengal was found to be the best performing FPC among the select 83 FPCs. The solvency position of the FPCs was found to have a strong positive association with the overall financial performance of the FPCs. The study also proposed financial ratio benchmarks for the FPCs using quartiles. ...

Economics and Business Review, 2021

The literature on financial sustainability is scattered in such a way that a syn-thesis is indi... more The literature on financial sustainability is scattered in such a way that a syn-thesis is indispensable. The present study on an annotated bibliography of financial sustainability seeks to fill this particular gap by presenting a collation of published lit-erature in the sphere. The sectorial analysis depicted that ability to cover the costs from its own resources and ability to pay debt were the key dimensions to measure financial sustainability. The majority of the studies were found in the public sector covering lo-cal governments and central governments particularly in such European countries as Spain, Italy and England. Earning enough resources, asset sustainability and the abil-ity to repay obligations are the three dimensions to assess financial sustainability. The study also pointed out the key research areas, variables and analytical tools among other trends in the literature. The present study assists the future researchers in re-viewing the literature on financial sustainability and developing research methodology.

Amity Journal of Agribusiness, 2017

Farmers in India work in isolation without any cooperation with fellow farmers. This has affected... more Farmers in India work in isolation without any cooperation with fellow farmers. This has affected the output per farmer. The farmers need to invest a huge sum of money into farming leading to high cost of production. The realization price per unit of the farmers is also very less due to the long supply chain and high transportation cost. It is yet to be found whether the poor and uneducated farmers have expert knowledge about production, marketing, financing

The IUP Journal of Management Research, 2019

This paper assesses whether the Farmer Producer Companies (FPCs) of Northeast India are financial... more This paper assesses whether the Farmer Producer Companies (FPCs) of Northeast India are financially healthy and will continue to work in the foreseeable period. The study analyzes financial sustainability of four FPCs based on their economic performance, bankruptcy, sustainable growth, net financial liabilities, asset sustainability, auditors' comment on CARO items, Working Capital Cycle (WCC), and Cash Flow from Operating (CFFO) activities. The study included only those companies which were operating for more than two years and had published their reports to Ministry of Corporate Affairs, India. The study used secondary data collected from the website of Ministry of Corporate Affairs, India, for the financial year 2015-16. AAPCL and YMPCL are found to be financially sustainable, while GSPCL and BTPCL might face survival issues in the near future. GSPCL could be considered moderately financially unsustainable, while BTPCL has high chances of nearing bankruptcy in the near future, if the management does not try and solve their financial problem.

Journal of Commerce & Accounting Research, 2019

There is a big pool of literature regarding the motivation of fraud. This paper aims to consolida... more There is a big pool of literature regarding the motivation of fraud. This paper aims to consolidate and conduct a literature review to identify the most prominent motivation factors resulting into fraud in the corporate sector. The data for the study was collected from secondary sources such as books, journals, reports etc. Findings: The study formulated a new fraud motivation model, where the integrity of the manager or the individual is given more importance than other factors. The study also identified various individual and business pressures that could motivate the managers or individuals that could lead to irrational behavior and fraud. The study identifies integrity as the most important factor for that motivates an individual to commit fraud.

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND INTERDISCIPLINARY RESEARCH, 2016

The main objective of establishing a business concern is to earn profits. Profit is the prime mot... more The main objective of establishing a business concern is to earn profits. Profit is the prime motivating force of an economic activity. Earning profits should be regular and continuous, it not a one time show. Profits are not mere compensation for capital but are also a source of expansion and growth. The ability to earn profit is known as profitability. Profitability is the ability to sustain in the market, grow with the market and also give returns to the investors.
This research paper is based on comparison of two companies namely, Dr. Reddy’s Laboratories Ltd. and Cipla Ltd. With nail-biting competition in the pharmaceuticals industry, the two giants Cipla and Dr. Reddy's Laboratories has overcome various hurdles to reach what they are today.. Both these companies are Indian Multinational Corporations, having manufacturing units all across the globe. Even though Dr. Reddy's Laboratories is a new company as compared to 80 years old Cipla Ltd. the competition is intense between the two which led to curiosity in the researchers as to which of the two is better in terms of profitability.

Key words: Profit, Profitability, Dr. Reddy’s Laboratories Ltd., Cipla Ltd.

Books by Shivam kakati

Farmer Producer Companies in India Issues and Challenges, 2019

Online International Interdisciplinary Research Journal, Mar 29, 2016

India is a place of many religions. Hinduism, Islam, Christianity, Sikhism, Buddhism, and Jainis... more India is a place of many religions. Hinduism, Islam, Christianity, Sikhism,
Buddhism, and Jainism are followed in majority. Indians celebrate numerous festivals
such as Diwali, Holi, Id, Christmas etc. throughout the year. With immense faith in their
hearts people scale all geographical terrains to seek god’s blessings reach the places of
religious tourism, then be it the high mountains or valleys they reach the places with
great faith in their heart only with a wish that they seek blessings of the god. People do
not mind standing in long queues to just get a glimpse of the deity residing there. With
changing times these religious places have become a site for tourism, rather than a mere
pilgrimage. Worshipers want safe and comfortable journey. They want security of food,
shelter and health as an important part of their pilgrimage and thus to cater to their needs
and demands, business houses, individuals, agencies, and even the government have
started playing an important role in providing services to the pilgrims, creating a huge
industry for Religious tourism.
Religious tourism industry in India is yet to be explored to its full potential. This
sector shall give a sea of opportunities to new business startups and provide a large
number of employment in a country . Religious tourism shall not only be a blessing to
business concerns, but would help to develop the local market of the area. Religious
tourism would lead to revenue generation and rise in standard of living for the locals. It
shall also influx development of the infrastructure of the area, such as road and rail
connectivity, electricity, drinking water etc. Hence, the primary objective to present the
paper is to study the possibilities and potential in Religious tourism.
KEYWORDS: - Tourism, Religious Tourism, Business

Conference Presentations by Shivam kakati

Purpose: Assam being an agrarian economy, more than 80% of the population is directly or indirect... more Purpose: Assam being an agrarian economy, more than 80% of the population is directly or indirectly related to agriculture. One of the major problems of agriculture of Assam is small and marginal land holding by the farmers which has lowered the productivity. Entrepreneurs could set up and explore the opportunity in the niche market of agriculture sector, which is by large an unorganized sector. In India, recently the Farmer Producer Organization movement in agriculture has just begun, the introduction of Farmer Producer Companies has become the tool to link the young budding entrepreneurs with the agriculture sector. The primary objective of the study is to understand the present state of the Farmer Producer Companies of Assam and the scope of entrepreneurship development in it.
Design/Methodology/Approach: In the study, the researcher analyzed three Farmer Producer Companies based on financial & business efficiency and member economics. Primary data were collected through schedules and interviews were also conducted with the company top management and office staff. The researcher also collected financial statements of the companies the website of Ministry of Corporate Affairs, India.
Findings: During the study, we found that working capital management of all the three companies were performing below par. The net profit ratio of the companies are below par, with just 1.5% being the best out of three and one of the company has been registering losses since its inception. Overall the companies showed an unsatisfactory performance. Although there are many institutions providing finance to Farmer Producer Companies under various schemes, the usage of debts in the capital structure remain low. There are various other managerial problems faced by these companies, this gives entrepreneurs a scope for showing their potential and solve the problems.
Research Limitation/Implications: An attempt was made to include all the Farmer Producer Companies but due to unavailability of financial data of two Farmer Producer Companies, only three out five companies were selected as the samples.
Originality/Value: The Farmer Producer Companies of Assam are analyzed to understand the current status and scope for entrepreneurship in it.