(CHAPTER - IV )
FINANCIAL RESULTS AND
FINANCIAL POSITION
CHAPTER IV
FINANCIAL RESULTS AND FINANCIAL POSITION SOURCES OF FINANCE
DIFFICULTIES OF RAISING THE FINANCE OTHER ASSISTANCE
FIXED ASSETS
BUSINESS EXPENSES
SALES (ITEMWISE DAILY SALES) PROFITABILITY
PER CAPITA INCOME
SAVINGS FOR THE FUTURE
CHAPTER IV
FINANCIAL RESULTS AND FINANCIAL POSITION INTRODUCTION :
The main thrust of the present study is the critical assessment of financial aspects of tea stall vendors in Nipani. This chapter deals with the consideration of financial aspects such as Fixed Assets, Business Expenses, Sales and Profits etc. Various statements are prepared to display the financial data systematically. An attempt is made to prepare Profit and Loss Account of the tea stall vendors to understand the operating results of their business.
While collecting the information regarding the financial aspects, the researcher had faced many difficulties. Tea Stall Vendors do not keep any record of their business transactions in any form. It was necessary to collect the information from them by asking the suitable questions. The researcher has personally approached each of the tea stall vendors for more than one time each. A well throughout questionnaire was prepared and administered for collecting information. In addition to this personal interviews, discussions were carried out. The information given by the respondents was again edited. Many a times the
information about various items was given for the different duration at time. For example material expenses data was supplied on daily basis, while other business expenses data was available for the month and year.
In case of turnover(sales), the data is available on daily basis. For the purpose of preparing income statement, required adjustment were made to bring all the data at par, on common unit of time. Profit and Loss Account is prepared for the period of one week. While making all these adjustments due care is taken not to violate the principles of preparing financial statements.
A brief description of the financial aspects of the business of tea stall vendors is given below. This description is certainly useful for understanding the financial strength on one hand and their rate of earning on the other.
The aspects on which enquiry about the financial aspects of the business of tea stall vendors is made are as follows.
1. Sources of Finance
2. Difficulties of raising the finance 3. Other assistance
4. Fixed Assets
5. Business expenses 6. Sales (Itexnwise) 7. Profitabi1ity 8. Per Capita Income
9. Savings for the future.
Each of the above aspects are described below along with the data presented with the help of suitable tables wherever necessary.
4.1 SOURCES OF FINANCE :
The study of the financial aspects of tea stall vendors begins from the study of sources of Finance. The tea
stall vendors raised the finance by various ways as follows.
a) Relatives :
Some of the tea stall vendors have taken funds from their relatives and friends. These relatives mainly include parents, brothers, uncles and such other close relatives.
b) Private Money Lenders :
The tea stall vendors who carry on their business outside the town near check post are illiterate and economically backward. These tea stall vendors did not come forward to take loans from the banks. They did not have that
courage. Whenever they come across a problem of finance they approach private money lenders and take the loan at very higher rate of interest.
It is observed that majority of tea stall vendors have raised funds from relatives, friends and money lenders and sometimes from banks, and put in their own money. The loan taken by tea stall vendors from bank is generally for one or two years and repayment is made of such loans by a pigmy deposit scheme. The amount of Rs. 20 to 30 is deposited with pigmy agents every day.
This business needs funds on a small scale therefore few of the tea stall vendors have taken loan but majority of them their business in their own capital.
4.2 DIFFICULTIES OF RAISING THE FINANCE :
Tea stall vendors have come across some difficulties while raising the finance. Those tea stall vendors who have approached banks for taking the loans feel that the procedure is lengthy and complicated. They are required, to give the reference is of some people to whom the bank know for the purpose of loan purposal. Bank asks project report, guarantor and security. All these formalities are difficult to comply with for the poor tea stall vendors.
Many of the tea stall vendors did not approach the banks for finance because they feel that to get the loan is beyond their capacity. They find it more suitable to take the loans from friends and relatives.As stated earlier, they are also taking loans from private money lenders because there is no formal procedure and the loan is given quickly. However the interest on such loans is very high.
4.3 OTHER ASSISTANCE :
The tea stall vendors did not get any other kind of help. As a matter of fact many small scale Industries, shopkeepers get the financial and other assistance under various government schemes. It is very discouraging to note that none of the tea stall vendors could get any kind of help under the government schemes. Tea stall vendors carry on their business in the area of Municipal Council but the Municipal Council does not provide any kind of facility to the tea stall vendors.
4.4 FIXED ASSETS :
The business of tea stall vendors is carried out in the form of activities of preparing tea, coffee and other eatables. The fixed assets owned by tea stall vendors generally include the following items.
a) Stall, b) Furniture, c) Stove, d) Vessels and Pots, e) Glasses and Saucers etc. The length of working life
and the value of these items are enquired into and the statement of fixed assets is prepared (Appendix Statement No.4.1). The total value of fixed assets and percentage share of each item of fixed assets is shown in table No. 4.1.
TABLE NO. 4.1
TOTAL FIXED ASSETS AND ITEMWISE VALUE IN PERCENTAGE (Including Group A, B & C)
Sr.
No.
Name of Tea Stall
Stall Furniture Other Business Items Stoves Vessels Glasses Other
& Pots & Saucres
Total
1 2 3 4 5 6 7 8 9
1 SAI 48.84 9.76 16.11 19.04 1.34 4.88 20475
2 YOGENDRA 20.96 0.32 17.03 45.87 2.68 13.10 7630 3 JAY-BHAVANI 43.44 14.48 18.24 17.95 1.39 4.48 17264 4 RAJENDRA 61.55 12.31 7.69 12.75 1.29 4.39 22745 5 NARAYAN 52.08 10.41 9.67 18.22 1.41 5.95 13440 6 SAGAR 26.13 6.62 30.48 49.61 3.65 1.74 5740 7 AMBIKA 46.34 2.31 20.27 24.33 2.08 4.63 8630 8 GEETANJALI 41.21 3.43 16.19 30.42 1.86 6.86 10190 9 GULAB 38.04 1.63 27.17 28.53 2.26 1.35 7360 10 HOME 47.44 3.38 16.26 27.11 2.16 3.61 11065 11 ANIL 32.48 9.28 23.20 26.21 3.01 5.08 8620 12 SANOAY 57.00 4.75 14.25 17.10 2.13 4.75 10525
Cont...
1 2 3 4 5 6 7 8 9
13 SURAJ 48.97 2.44 17.14 25.46 2.05 3.91 10210
14 SAMBHAJI 41.18 3.70 22.64 23.67 1.92 6.86 7285
15 SHRISAI 56.37 1.34 15.03 16.77 1.25 9.05 11175
16 KAMATE 50.20 3.58 21.21 20.92 1.67 2.39 8365
17 TANAJI 48.71 2.22 20.87 24.35 3.13 0.69 7185
18 VASANT 63.98 8.53 12.44 11.02 1.17 2.84 14065
19 RAMESH 73.14 3.65 5.22 15.15 0.73 2.08 9570
20 MAHAMAD 62.05 19.09 9.28 8.48 0.55 0.53 18855
21 MEGHANA 25.12 4.02 20.10 43.04 6.03 1.67 2985
22 ASHOK 41.75 2.67 25.05 25.88 2.75 1.87 5987
23 NISHANT 77.45 3.87 2.58 12.04 0.60 3.44 11620
24 SANJAY 19.80 32.19 17.82 19.80 2.43 7.92 10096
25 NARAYAN 60.88 9.13 7.61 13.69 1.77 6.90 9855
26 SHINDE 57.85 5.78 8.26 17.56 1.44 9.09 4840
27 KURULUPE 72.79 7.27 2.72 13.64 0.36 3.18 10990'
28 ANIL 43.14 21.57 15.10 15.10 7.75 4.31 9270
29 N1KAM 65.75 12.32 4.79 13.69 0.95 2.46 7300
30 MARUTI 62.50 8.03 4.46 18.75 1.25 5.00 5600
31 AMBOLE 69.05 2.65 3.32 11.95 0.92 12.08 7530
32 CHAVAN 65.46 3.92 8.18 18.00 1.14 3.27 3055
33 PAUL 33.99 20.39 8.49 31.16 1.98 3.96 1765
— __ ___________ .. ___________ . . j . Cont.., .
1 2 3 4 5 " 6 7 8 9
34 A-l 42.82 0.18 22.04 30.22 2.20 2.51 7940
35 SHRIRAM 47.36 4.44 18.94 26.16 2.48 0.59 8445
36 LAXMI 57.76 3.61 6.01 27.67 2.52 2.40 4155
37 HANUMAN 56.27 7.03 16.23 16.77 1.51 2.16 9240
38 BIDKAR 22.83 3.88 11.41 54.79 4.79 2.28 2190
39 OM'KAR 64.69 2.87 5.39 17.96 1.88 7.18 5565
40 BAGAL 56.28 1.40 10.05 66.33 2.11 4.02 4975
41 SANJAY 57.14 9.09 6.49 20.77 3.89 2.59 3850
42 PARALE 68.36 5.09 5.34 18.76 1.40 1.00 7460
43 AMIT 65.07 9.29 5.81 16.26 1.22 2.32 8605
44 1 NO. 88.35 3.74 1.55 5.71 0.36 2.25 19240
45 GANESH 69.10 1.38 4.93 17.27 1.38 3.94 5065
46 BADAKAR 73.40 4.46 4.31 15.54 1.20 0.86 5790
47 RENUKA 70.11 4.25 4.17 20.03 0.58 1.83 5990
48 SANJAY 71.27 - 6.98 18.86 1.46 1.39 7155
49 BAOAWE 63.92 - 7.10 24.14 1.98 2.84 3520
50 BHOPE 69.51 3.47 4.01 21.39 0.39 0.66 3740
—
TOTAL 241200 32200 53155 85080 7001 17058 435694
PERCENTAGE (55.35) (7.39) (12.00) (19.52) (1.60) (3.91) (100) AVERAGE 8713.88
Source : Appendix Statement No.4.1
A close observation of data on the above table disclose the flowing facts.
1. The size of Fixed Assets is different from vendor to vendor. The minimum investment is below Rs. 3000 and maximum is Rs. 20,500. The average size of the fixed assets comes to Rs. 8713/-.
2. Investment in various fixed assets when considered in terms of percentage shows that maximum investment is in the first item i.e. Stall(55.35%). Next to that Vessels and Pots (19.52%) and thirdly Stove (12%) the other items like Furniture, Glasses and Saucers etc are small as to the size of investment in them.
3. The first three items namely stall, vessels and stove account for more than 87% of the total investment in fixed assets of the tea stall vendors.
4.5. BUSINESS EXPENSES :
Tea stall vendors have to incurre various types of expenses. For the purpose of present study, we have prepared two statements of expenses one is daily material expenses and
second is monthly operating expenses.
A) Daily Material Expenses :
As shown in the Appendix statement No. 4.2 (including group A, B, & C) The items of daily material expenses are different in different types of tea stall vendors. The type of tea stall vendors and items of daily material expenses are as follows
Group Type of Tea Stall Items of Daily Material
Vendors Expenses
(A) Tea Stall Vendors who Prepare and sell tea and other eatables
(B) Tea Stall Vendors who Prepare and sell tea along with other eatables purchased from outside
(C) Tea Stall Vendors who sell tea only
Kerosene, Sugar, Tea Powder, Milk Spices of tea, Gram flour, edible Oil,Rice fattened, eggs, Onions Potatos, Bread, Pharsana etc.
Kerosene, Sugar, Tea Powder, Milk Spices of tea, donates, Biscuits, Khari, Shankarpali and panmasala etc.
Kerosene, Sugar, Tea Powder, Milk Spices of tea etc.
1. Daily material expenses of Group A : following table shows the data of daily material expenses of Group A.
TABLE NO. 4.2.A
TOTAL DAILY MATERIAL EXPENSES AND ITEMWISE VALUE IN PERCENTAGE
GROUP 'A' : TEA STALL VENDORS WHO PREPARE AND SELL TEA AND OTHER EATABLES
Sr. Proprietor No. Name
Keros- sen
Sugar Tea Powder
Kilk Spices of Tea
Gram Flour
Rice Fattened eggs
Edible oil
Onions Potat tos
Bread Phara- sana
Other Exp,
Total
1 2 3 4 5 ” 6 7 8 9 IQ 11 12 13 14 15
1 VITEKARI 8.68 6.94 7.81 12 ir 1.73 17.02 1.38 27.79 4.63 ' — -~ 4.63 1.73- '172L0 0 2 KHADAKE 6.61 5.54 5.54 10.35 1.54 19.42 - 36,99 2.95 4.93 3.45 3.08 1622.00 3 DUDHANE 6.46 7.23 7.75 14.47 1.61 13.57 0.77 27.92 3.10 2.06 12.92 2.06 1547.00 4 PATH 8.19 6.14 6.14 11.46 1.36 20.06 - 32.76 2.73 3.07 5.32 2.73 1465.00 5 YEJARE 8.25 8.67 9.33 13.95 1.23 17.34 - 27.74 1.98 3.96 3.30 1.98 1184.00 6 POWAR 8.04 8.04 8.04 15.01 1.78 16.89 - 30.02 2.85 2.85 1.42 3.57 1103.00 7 PATIL 7.81 7.32 8.78 13.67 2.44 20.50 1.77 32.81 2.34 1.56 - 1.56 1024.00 8 KOKIN 8.53 5.75 5.72 10.68 1.90 20.03 2.29 32.06 3.05 3.81 1.24 1.25 1048.00 9 NAIK 7.83 5.87 7.34 13.71 - 20.02 - 32.90 5.48 1.56 - 4.70 1021.00 10 SAGARE 9.11 7.09 7.59 14.18 2.02 17.02 2.43 29.17 2.43 4.05 2.43 2.43 987.00 11 KSHARBIDRE 10.21 7.66 7.66 14.30 1.51 17.16 - 29.41 3.26 2.45 2.45 2.45 955.00 12 KAGADUN 10.60 7.95 7.95 14.84 1.59 17.81 - 30.54 4.24 3.39 - 1.06 943.00 13 KUNGSULE 9.22 7.98 9.88 18.44 2.63 16.60 1.58 25.29 4.21 2.10 1.05 1.05 759.00 14 JADHAV 8.42 7.02 9.83 15.73 2.10 18.25 - 26.68 3.37 3.37 - 5.33 712,00 15 SHINDE 8.49 6.37 8.49 15.86 2.83 14.87 - 20.39 3.39 2.26 10.76 6.23 706.00 16 KAKATE 8.91 8.91 8.91 16.64 2.22 18.72 - 28.52 4.75 - - 2.37 673.00 17 TERDALE 7.58 11.38 11.38 21.24 3.03 15.93 - 25.49 - 2.42 - 1.51 659.00 18 KANE 9.63 8.67 8.67 16.18 - 28.90 - 28.90 5.39 - - 2.31 519.00 19 WADAKAR 8.68 10.00 10.00 18.66 - 18.66 - 32.00 - - - 1.77 450.00 20 SARAKAWAS 11.38 8.54 8.54 15.94 - 19.13 - 32.80 - - - 3.64 439.00 21 DAHARE 10.41 9.76 9.76 18.22 - 10.93 9.37 21.87 3.38 - 4.16 2.08 384.00 22 SHITOLE 12.30 6.92 6.92 12.92 - 12.92 11.07 25.84 3.69 - 4.92 2.46 325.00 23 HIREKATH 10.63 10.63 10.63 19,85 - 14.89 4.25 24.82 2.83 - - 1.41 282.00 TOTAL 1750 1529.5 1645.5 2955 310 3637 192 6098 653 557 666 542 20535 PERCENTAGE (8.52) (7.44) (8.01) (14.39) (1.50) (17.71) (0.93) (29.69) (3.17) (2.71) (3.24) (2.63) (100)
AVERAGE 892.00
Source : Appendix Statement No.4.2 Group A
As shown above in table No. 4.2. A the daily material expenses of this group of tea stall vendors include many items as mentioned above. The total expenditure on material ranges from Rs. 282 to Rs. 1,727/-. This indicates that the scale of business of vendors in this group vary from one tea stall vendors to another tea stall vendor. Out of 23 vendors in this group about 10 vendors have daily consumption of material above Rs. 1000/- per day. The average daily material expenses amount to Rs. 892/-. More than 50% of the tea stall vendors in this group are above this average level of daily material expenses.
In the various items of daily material expenses edible oil and gram flour totally account for nearly 50% of the total material expenses. The items like sugar, tea powder and milk account for 30% of the total daily material expenses. The rest of the items account for less than 4% of total material expenses each. This implies that the expenditure of material used for preparing eatables is guite significant as compared to the material expenses of preparing tea.
The pattern of expenditure on daily consumption cn materials is mor^ or less the same for all tea stall vendors in this group.
2 DAILY MATERIAL EXPENSES OF GROUP - B
Following table shows the data of daily material expenses of Group - B.
TABLE NO. 4.2.B
TOTAL DAILY MATERIAL EXPENSES AND ITEMWISE VALUE IN PERCENTAGE GROUP 'B' : TEA STALL VENDORS WHO PREPARE AND SELL TEA ALONGWITH
OTHER ETABLES PURCHASED FROM OUTSIDE
Sr. Proprietor Kercs- Sugar Tea Milk Spices Total Donates Biscu- Khari Shank- Pan Total Total
No. Name sen Powder of Tea its arpali Nasala Amount
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15(8+14)
24 GAVANKA 4.84 12.67 12.97 24.22 - 55.01 20.76 13.84 - 10.38 - 44.98 1445 25 HAGDUM 4.87 11.38 12.19 22.76 - 51.21 24.39 16.26 - - 8.13 48.78 615 26 SHINDE 6.71 13.42 13.42 25.05 - 58.61 16.77 11.18 - - 13.42 41.57 475 2? KURUtUPE 4.83 11.00 11.00 20.53 - 47.43 18.33 12.22 9.77 - 12.22 52.56 409 28 PATH 7.71 11.56 11.56 21.59 - 52.44 19.28 12.85 - - 15.42 47.55 389 29 NIKAH 7.89 11.84 10.52 22.36 - 52.63 13.15 13.15 10.52 - 10.52 47,36 383 30 DANDWATE 5.£8 11.02 11.02 11.02 - 48.52 22. C5 14.70 - - 14.70 51.47 340 31 AKBOLE 5.54 8.31 8.31 15.51 - 37.61 20.77 13.85 11.08 - 16.62 62,32 361 32 CHAVAN 5.47 9.06 9.70 18.12 - 43.36 24.27 16.18 - - 16.18 56.63 3C9 33 PATH 6.64 9.96 9.96 18.60 - 45.18 24.11 16.61 - - 13.28 54.81 3(1
TOTAL ””“290" 578 ~ 580 1093
—
2541 1025 700 120 " 150 460 2455 4996 PERCENTAGE (5.83) (11.56) (11.60) (21.87) (50.86) (20.51) (14.01) (2.40) (3.00) (9.20) (49.13) (100)
AVERAGE 499.60
Source : Appendix Stateaent Ho.4.2 Group B
The daily material expenses of this group of vendors include many items. These tea stall vendors sell the eatables but these items are purchased from outside. Such Items are donates, biscuits, Khnri, ShanknrpniL, and Panmasala etc. The total daily material expenses in this group of tea stall vendors vary from Rs.300 to Rs.600. The average daily material expenses comes to Rs.500 per tea stall vendors. In case of these vendors the material expenses of preparing tea amount for about 50% which include the expenses on milk, tea powder, sugar and kerosene. The remaining 50%
of the daily material expenses are on eatables which purchased from outside.
3. DAILY MATERIAL EXPENSES OF GROUP - C
Following table shows the data of daily material expenses of group - C.
TABLE NO. 4.2.C
TOTAL DAILY MATERIAL EXPENSES AND ITEMWISE VALUE IN PERCENTAGE GROUP 'C' : TEA STALL VENDORS WHO PREPARE AND SELL TEA ONLY Sr. Proprietor Keros- Sugar Tea Milk Spices Total
No. Name sen Powder Rs. of Tea Amount
1 2 3 4 5 6 7 8
34 JAWARE 7.93 22.10 23.80 44.44 1.70 882 35 JORAPURE 7.88 21.68 23.65 44.15 2.62 761 36 PATIL 8.24 23.19 23.19 43.29 2.06 485 37 KHAPE 8.24 23.19 23.19 43.29 2.06 485 38 BIDAKAR 8.26 20.66 24.79 46.28 - 363 39 SHINDE 7.93 23.80 23.80 44.44 - 378 40 BAGAL 6.45 24.19 24.19 45.16 - 310
41 NAIK 9.37 23.43 23.43 43.75 - 320
42 PARALE 9.37 23.43 23.43 43.75 - 320 43 PATIL 9.37 23.43 23.43 43.75 - 320 44 POL 7.63 22.90 22.90 42.74 3.81 262
45 TATE 8.00 26.00 22.00 44.00 - 250
46 BADAKAR 8.00 24.00 24.00 40.00 4.00 250 47 NIMBALKAR 7.93 23.80 23.80 44.44 - 252 48 PATIL 7.93 23.80 23.80 44.44 - 252 49 BADAWE 11.17 16.75 25.13 46.92 - 179
50 BHOPE 8.06 24.19 22.58 45.16 124
TOTAL 510 1415 1463 2730 75 6193
PERCENTAGE (8.23) (22.84) (23.65) (44.08) (1.21) (100) AVERAGE 364.29 Source : Appendix Statement No.4.2 Group C
This is third category of tea stall vendors who sell tea only. As compared to the earlier to groups the daily material expenses of these tea stall vendors are small with maximum of Rs.882 to minimum Rs.124 giving the average
Rs.364. Major part of the material expenses is on milk (44%).
The other items are Tea powder 23% and sugar 22.8% etc.
If we consider the daily material expenses of all these three groups, the daily material expenses are highest (average Rs.887/-) in case of group A, followed by group B, (average Rs.500/-) and the daily material expenditure of group C is lowest (average Rs.364/-)
B) OTHER MONTHLY EXPENSES :
As explained earlier besides material expenses tea stall vendors also incurred expenditure on other items such as wages, carriage inward, Breakage, repairs on stove, worship and ritual expenses, municipal land rent, licence
fee, replacement expenses etc. These expenses are reported by the respondents on monthly basis. Statement No.4.3 in Appendix shows the details of such other monthly expenses.
Table No.4.3 given below presents the percentage breakup of the total other monthly expenses.
TABLE NO. 4.3
TOTAL OTHER MONTHLY BUSINESS EXPENSES, AND ITEMWISE VALUE IN PERCENTAGE (Including Group A,B & C)
Sr. Proprietor Carri- Repairs Brea- Worship Huni- Other Licence Repalc- No. Name Wages age on kage & cipal Exps. Fee ement Total
Inward Stove Ritual Exps.
Land Rent
Exps.
1 2 3 4 5 6 7 8 9 10 11 12
1 VITEKARI 90.73 1.16 3.02 1.16 0.93 1.93 0.69 0.24 0.65 4298.41 2 KHADAKE 90.89 1.10 2.75 0.96 1.10 1.65 0.55 0.20 0.77 3630.50 3 DUDHANE 88.02 1.35 3.38 2.36 1.01 2.03 0.67 0.25 0.88 2653.75
4 PATH 90.83 1.22 2.94 1.84 0.73 1.10 0.49 0.18 0.64 4073.75
5 YEJARE 90.94 1.37 2.75 0.96 1.37 1.24 0.41 0.20 0.72 3628.75
6 POWAR 75.70 2.30 7.67 2.68 3.06 3.45 1.55 1.57 2.01 1303.75
7 . PATIL - 13.61 25.59 13.61 13.61 15.35 6.82 2.55 8.93 293.75
8 MOMIN 78.34 2.61 6.53 2.28 2.61 3.91 1.30 0.67 1.71 1531.66
9 HAIK - 11.80 22.14 20.66 11.80 17.71 5.90 2.21 7.74 338.75
10 SAGARE 79.41 2.64 4.96 2.64 3.30 3.97 0.66 0.68 1.73 1511.66 11 KSHARBIDRE 13.38 23.43 11.71 - 13.38 20.08 6.69 92.51 38.78 298.75 12 MAGADUM 80.64 2.68 5.04 2.35 2.68 3.02 1.34 0.58 1.76 1488.75 13 HUHGSULE 76.99 2.31 7.70 2.69 2.69 3.46 1.45 0.57 2.02 1298.75 14 JADHAV - 14.09 24.66 12.36 14.09 15.90 7.06 2.65 9.25 283.75 15 SHIHDE 80.37 2.00 6.69 2.34 2.00 3.01 1.33 0.50 1.75 1493.75 16 KAMATE - 13.65 23.89 13.65 11.94 15.35 10.23 2.55 8.95 293.75
Cont...
1 2 3 4 5 6 7 8 9 10 11 12
17 TERDALE - 12.74 31.87 11.15 12.74 14.37 6.38 2.39 8.38 313.75 18 MAKE - - 23.95 16.76 11.97 21.63 2.61 3.60 12.62 208.75 19 WADAKAR 79.43 - 4.96 3.47 2.48 4.46 1.98 0.74 2.44 1007.08 20 SARAKAWAS - 9.17 21.40 12.23 13.29 13.76 6.11 2.29 7.51 327.00 21 DAWARE - - 26.73 10.69 10.69 24.06 10.69 4.01 13.14 187.08 22 SHITOLE - - 28.97 9.66 14.49 21.73 9.66 3.62 11.87 207.08 23 HIREHATH - - 24.50 9.80 9.80 29.41 9.80 5.10 11.99 204.99 24 GAVAHKAR 58.13 4.65 11.62 8.13 5.81 5.28 3.48 0.08 2.13 860.83 25 HAGDUH - - 25.64 17.94 10.25 23.07 10.25 3.84 9.50 195.83 26 SBINDE 62.76 - 6.27 4.18 5.23 12.55 4.18 2.17 2.78 478.74 27 KURULUPE - - 15.54 18.13 12.95 31.08 10.39 5.39 6.90 193.71 28 PATH - - 16.85 11.23 14.04 33.70 11.23 5.84 7.48 178.74 29 HIRAM - - 21.27 10.59 13.29 31.91 10.63 5.53 7.09 188.74 30 DANDWATE - - 15.48 18.13 12.95 31.08 10.36 5.39 6.90 193.74 31 AMBOLE - - 16.85 11.23 14.04 33.70 11.23 5.84 7.48 178.74 32 CHAVAN - - 16.85 11.23 14.04 33.70 11.23 5.84 7.48 178.74 33 PATIL - - 15.58 18.13 12.95 31.08 10.36 5.39 6.90 193.74 34 JAWARE 86.53 1.44 3.60 1.68 1.92 2.16 1.44 4.32 0.88 2080.83 35 JORAPURE 88.88 1.21 3.03 1.41 1.61 1.81 1.01 0.30 0.74 2475.83 36 PATIL - - 26.31 10.51 15.78 23.68 10.51 3.94 9.60 190.83 37 KHAPE - - 39.21 13.72 11.76 17.58 7.81 2.94 7.18 255.83
Con...
1 2 3 4 5 6 7 8 9 10 11 12
37 KHAPE - - 39.21 13.72 11.76 17.58 7.81 2.94 7.18 255.83 38 BIDAKAR - - 26.31 10.51 15.78 23.68 10.51 3.94 9.60 190.83 39 SHINDE - - 15.87 15.87 15.87 23.80 10.57 3.96 7.04 189.16 40 BAGAL - - 18.86 13.20 15.09 16.98 7.50 2.83 6.91 265.83 41 NAIK - - 18.18 12.12 18.18 27.27 12.12 4.54 8.03 165.83 42 PARALE - - 16.59 16.59 16.59 24.88 13.82 4.14 7.37 180.83 43 PATH - - 17.06 17.06 17.06 25.59 11.37 4.26 7.58 175.83 44 POL - - 17.56 17.56 17.56 26.34 11.70 4.39 7.80 170.83 45 TATE - - 18.75 12.43 15.62 27.97 12.43 4.68 8.28 160.83 46 BADAKAR - - 18.18 12.12 18.18 27.27 12.12 4.54 8.07 165.83 47 NIMBALKAR - - 22.12 11.06 16.59 24.88 13.88 4.14 7.39 180.83 48 PATIL - - 25.64 10.21 20.51 22.97 10.25 3.82 6.83 195.83 49 BADAWE - - 18.18 12.12 18.18 27278 12.12 4.50 8.07 165.83 50 BHOPE - - 18.18 12.12 18.18 27.27 12.12 4.50 8.07 165.83
TOTAL 29200 810 3050 1640 1680 2490 1050 409.92 1023.47 41353.39
PERCENTAGE (70.61) (1.95) (7.37) (3.96) (4.06) (6.02) (2.53) (0.99) (2.47) (100)
AVERAGE OH WAGES 1717 38.58 AVERAGE... 827.06
& CARRIAGE
Source : Appendix Statenent No. 4.3
If we observed the figures in above table the following facts are disclosed.
1. The total other monthly expenses per vendor is in the range of Rs. 3630 to Rs. 166. This lengthy range of the other monthly expenditure is due to two the important facts, one is the expenditure on wages and second is expenses on carriage inward.
2. The most important item of other monthly expenses is wages which account for nearly 70.01% of total monthly expenses. The average expenditure on wages per vendors comes to Rs. 1,717/-.
3. The expenses like carriage inward is also found to be incurred by big tea stall vendors other do not incurre any expenditure on carrying their material. The average expenditure on carriage inward comes to Rs. 38.57. It accounts for nearly 2% of the monthly expenditure.
4. Monthly expenditure also include the expenditure on breakage, repairs on stove, municipal rent etc. All these items account for 28% of the total material expenses.
5. The two items of expenditure namely licence fee and replacement expenses incurred on yearly basis. The mohthly expenditure on these items is calculated by
dividing total yearly expenditure amount by 12. Both the items account for only 3% of the total monthly expenditure.
4.5 SALES OF TEA STALL VENDORS (ITEMWISE) :
After examining the nature and extent of expenditure of tea stall vendors and attempt is made here to understand the itemwise sales of the tea stall vendors for the purpose of analytical study of sales. All the tea stall vendors again classified in to three groups as described earlier in case of daily and monthly material expenses. There are three groups, group A, group B and group C. The position of sales with respect to each of group is described below.
GROUP A :
This group includes tea stall vendors who prepare tea and other eatables. The figures of sale for a day are shown in statement No. 4.4 Group-A in Appendix. All these figures are converted into percentage and presented table no.
4.4.A alongwith total sales of each vendor per day.
TABLE NO. 4.4.A
TOTAL SALE PER DAY AND ITEMWISE VALUE IN PERCENTAGE GROUP A : TEA STALL VENDORS WHO PREPARE AND SELL
TEA AND OTHER EATABLES
Sr, Name of The Tea Green Onions Potatos Rice Wada Total No. Proprietor Special Chilli Bhaji Bhaji Fattened Sanbar Sales
Tea Bhaji with And Per
Coffee Bread Onlate day
1 2 3 4 5 6 7 8 9
1 VITEKARI 27.10 18.01 23.32 27.44 4.11 - 2915
2 KHADAKE 21.58 25.89 20.14 32.37 - - 2780
3 DUDHANE 29.30 15.38 8.79 5.86 2.19 38.46 2730
4 PATH 23.34 31.12 14.00 31.51 - - 2570
5 YEJARE 32.11 22.01 12.84 33.02 - - 2180
6 POWAR 37.76 16.40 29.16 16.66 - - 1920
7 PATIL 33.33 27.55 18.89 17.84 2.36 - 1905
8 HOMIN 23.65 32.25 15.05 25.80 3.22 - 1860
9 NAIK 33.51 35.19 31.28 - - - 1790
10 SAGARE 31.53 36.03 14.41 14.41 3.60 - 1665
11 KSHARBIDRE 36.58 25.60 8.53 29.26 - - 1640
12 MAGADUH 32.50 21.95 25.60 20.00 - - 1600
13 MUNGSULE 42.40 21.64 19.24 10.99 4.24 - 1415
14 JADHAV 39.93 20.92 22.36 16.77 - - 1252
15 SHINDE 34.74 26.92 19.16 11.18 - 13.97 1252
16 KAMATE 33.89 30.50 35.59 - - - 1180
17 TERDALE 43.85 42.10 - 14.03 - - 1140
18 KANE 31.91 38.29 29.78 - - - 940
19 WADAKAR 38.46 61.53 - - - - 780
20 SARAKAWAS 37.31 62.68 - - - - 670
21 DAWARE 40.98 39.34 - - 19.67 - 610
22 SHITOLE 29.41 47.05 - - 23.52 - 510
23 HIREHATH 40.00 48.00 “ * 12.00 - 500
TOTAL 11400 10054 ~~ 6180 6240
---
1225 35804
PERCENTAGE 31.84 28.08 27.26 27.42 1.96 3.42 100
AVERAGE ... 1556.60
Source : Appendix Stateaent No. 4.4 Group A.
As shown above in table No. 4.4.A the daily sales of this group of tea stall vendors include many items of sale such as tea, coffee, green chilli bhaji, onions bhaji, potatos bhaji, wada sambhar, rice fattened and omlate etc.
The total sales per day of all items ranges from maximum Rs.
3,915/- to minimum Rs. 500/-.
This indicates that the scale of business of tea stall vendors in this group vary from one tea stall vendor to another tea stall vendor. Out of 23 vendors in this group about 5 vendors have the sale of all items above Rs. 2000/- per day and about 12 vendors have their sale of all items above Rs. 1000/- per day. The average daily sales account to Rs. 1556. More than 50% of tea stall vendors in this group are above this average level of daily sales.
In these various items of sales per day only tea account for 32%. The items like Green Chilli Bhaji, Potatos Bhaji and Onions Bhaji totally account for 63% of the total sale. The remaining items like rice fattened, omlate and wada sambhar totaly account for less than 6% of total sales. This implies that the sale of eatable items is quite significant as compared the sale of tea.
The amount of sales per day of all eatable items and tea is more or less same for all tea stall vendors in this group.
GROUP B
This group include tea stall vendors who prepare tea alongwigh other eatables which are purchased from outside. The figures of sales for a day are shown in the statement No.4.4 Group B (in appendix). All these figures are converted into percentage and prepared table No. 4.4.B
alongwith total sales of each vendor per day.
TABLE NO. 4.4.B
TOTAL SALE PER DAY AND ITEMWISE VALUE IN PERCENTAGE GROUP B : TEA STALL VENDORS WHO PREPARE AND SELL TEA
ALONGWITH OTHER EATABLES PURCHASED FROM OUTSIDE
Sr.
No.
Name of The Proprietor
Tea/
Special Tea/
Coffee
Biscuits Donets
4 ... 5....
Shankar Pan
Pali/ Masala
Khari
6 7
Total Sales Per day
1 2 3 8
24 GAVANKAR 59.52 11.90 19.04 11.42 - 2140.00
25 MAGDUM 56.49 5.95 22.50 - 6.77 885.00
26 SH1NDE 66.94 8.71 13.94 - 10.46 717.00
27 KURULUPE 54.77 10.37 16.59 8.29 11.61 602.50
28 PAUL 60.81 10.54 16.89 - 11.82 592.50
29 N1KAM 52.44 10.91 17.46 8.73 10.48 572.50
30 DANDWATE 57.87 11.57 18.51 - 12.03 540.00
31 AMBOLE 45.54 11.83 18.97 9.48 11.38 527.00
32 CHAVAN 51.89 13.51 21.62 - 12.97 462.50
33 PATH 51.42 14.28 22.85 - 11.42 437.50
TOTAL 4237 875 1400 390 575 7477.00
PERCENTAGE (56.66) (11.70) (18.72) (5.21) (7.69) 100%
AVERAGE 747.70
Source : Appendix Statement No. 4. 4 Group-B.
The daily sale of this group of vendors, include many items. These tea stall vendors sale tea and other eatables but these eatable are purchased from outside, such items are donates, biscuits, khari, shankarpali and pan masala etc.
The total sale per day in this group of tea stall vendors vary from Rs. 2140/- to Rs. 437/-. The average daily sales comes to Rs. 747/- per tea stall vendor. In these various items of sales per day only tea account for 56% and the remaining 44% other eatables purchased from outside.
GROUP-C : TEA STALL VENDORS WHO PREPARE AND SELL TEA ONLY : TABLE NO. 4.4.C
TOTAL SALES PER DAY
GROUP C : TEA STALL VENDORS WHO PREPARE AND SELL TEA ONLY
Sr. Name of the Total Sale Percentage
No. Proprietor Per Day
34 JAWARE 1400 100%
35 JORAPURE 1200 100%
36 PATIL 750 100%
37 KHAPE 750 100%
38 BIDAKAR 600 100%
39 SHINDE 600 100%
40 BAGAL 562 100%
41 NAIK 500 100%
42 PARALE 500 100%
43 PATIL 500 100%
44 POL 480 100%
45 TATE 400 100%
46 BADAKAR 400 100%
47 NIMBALKAR 400 100%
48 PATIL 400 100%
49 BADAWE 300 100%
50 BHOPE 200 100%
TOTAL 9942 100%
AVERAGE 584.82
Source : Appendix Statement No. 4.4 Group-C.
This is the third group of tea stall vendors who sell tea only. As compared to the earlier to groups, the daily sale of these tea stall vendors are small with maximum of Rs. 1400/- to minimum Rs. 200/- giving the average Rs.
584.
If we consider the above analysis of daily sales of all the groups it is clear that the size of sales is highest in the group A, followed by group B and the size of sales of tea stall vendors in group C is the lowest. It leads to conclude that tea stall vendors sell the eatables along with tea it helps to increase the volume of their sales.
4.6 CREDIT AND RECOVERY :
It is observed that the daily turnover of the tea stall vendors consists of credit sales to the extent of 10 to 15 percent. The stall vendors received orders from the outside like banks, shops, tobacco godwons etc. After the receiving orders the stall vendors are asked to provide tea and other eatables to the exact places. In case of such kind of wholesale transactions, the amount is received at the end of every week or month. In retail sale of to individuals the credit transactions are very rare. It is interesting to note that the amount of bad debts is very small in this business.
The amount of bad debts is Rs.30 to Rs.50 per month of every tea stall vendors.
4.7 PROFITABILITY OF TEA STALL VENDORS :
The ultimate success of any business is determined in terms of profit. Profitability is the ability of business to earn profit. Profitability is a relative term when the
figures of profits are consider for many years it is said to be the study of profitability. In the present study an attempt is made to understand the profitability of the tea stall vendors by considering sales, profit and net profit ratio. While studying the profitability each of the above elements are considered,
a) SALES :
TABLE HO. 4.5
DISTRIBUTION OF TEA STALL VENDORS BY WEEKLY SALES
Sr.
No.
Weekly Sales No.of Tea Stall Vendors
Percentage
1. 1000 - 3000 13 26
2. 3001 - 6000 17 34
3. 6001 - 9000 07 14
4. 9001 - 12000 07 14
5. 12001 - 15000 02 04
6. 15001 - 18000 04 08
-- -.
TOTAL.. 50 100
Source : Appendix Statement No. 4.5
The weekly sales of tea stall vendors when considered individually are found to be in the range of Rs.
1000/- to Rs. 18000/-. Suitable 6 categories are made are shown in the above table and the corresponding number of tea
stall vendors of each category is shown. The facilitates understanding of distribution of total sales among tea stall vendors. Following facts are important.
1. Majority of the tea stall vendors are having the weekly turnover less than Rs. 6000/-. These vendors can be described as small scale size vendors.
2. 28% of the vendors are in the range of weekly sale of Rs.6000 to Rs.12000. These vendors can be described as medium size vendors.
3. The remaining only 12% tea stall vendors have their sales in the range of Rs. 12000 to Rs. 18000. These vendors can be described as large sized vendors.
