An Analysis on Working Capital and its Impact on Sales and Profitability, with Special Reference to Niva Holdings, Minsk, Belarus

The Paper titled "A Study on Working Capital Management and establishment of its impact on Sales and Profitability" is an effort to analyse the financial statements of Niva Holdings Ltd., Belarus, Minsk. The study is conducted at a Heavy Equipment Manufacturing Industry. "NIVA-Holding" is the leader of Belarusian mining machinery manufacturers. Tools used in the study are Ratio Analysis & Regression to understand the trend of working capital and also establish a relationship by arriving at an equation. Major finding of the study was that the company has been seeing a wavy trend with respect to its ratios. A relationship has been established between Working Capital & Sales and Working Capital & Profits of the business, using Regression. Ms. Sindhu S Shastry | Mrs. Charithra C M | Dr Bhavya Vikas"An Analysis on Working Capital and its Impact on Sales and Profitability, with Special Reference to Niva Holdings, Minsk, Belarus" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd15873.pdf http://www.ijtsrd.com/management/accounting-and-finance/15873/an-analysis-on-working-capital-and-its-impact-on-sales-and-profitability-with-special-reference-to-niva-holdings-minsk-belarus/ms-sindhu-s-shastry