FINANCIAL ANALYSIS OF MINING PROJECTS - ethesis

FINANCIAL ANALYSIS OF MINING PROJECTS

THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF

Bachelor of Technology in

Mining Engineering

by

GOUTAM CHANDRA SAHA

Roll no.: 108MN007

DEPARTMENT OF MINING ENGINEERING NATIONAL INSTITUTE OF TECHNOLOGY, ROURKELA

2012

FINANCIAL ANALYSIS OF MINING PROJECTS

THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF

Bachelor of Technology in

Mining Engineering

by GOUTAM CHANDRA SAHA

Roll no.: 108MN007 Under the guidance of

Prof. D.P.TRIPATHY

DEPARTMENT OF MINING ENGINEERING NATIONAL INSTITUTE OF TECHNOLOGY, ROURKELA

2012

NATIONAL INSTITUTE OF TECHNOLOGY ROURKELA

CERTIFICATE

This is to certify that the thesis entitled "FINANCIAL ANALYSIS OF MINING PROJECTS" submitted by Mr. Goutam Chandra Saha, Roll No: 108MN007 in partial fulfilment of the requirements for the award of Bachelor of Technology degree in Mining Engineering at the National Institute of Technology, Rourkela (Deemed University) is an authentic work carried out by him under my supervision and guidance. To the best of my knowledge, the matter embodied in the thesis has not been submitted to any other University/Institute for the award of any Degree or Diploma.

Date:

(Prof. D.P. TRIPATHY)

Professor & Head Dept. of Mining Engineering National Institute of Technology

Rourkela-769008 i

ACKNOWLEDGEMENT

I wish to express my deep sense of gratitude and indebtedness to Dr. D.P.Tripathy, Department of Mining Engineering, N.I.T, Rourkela for introducing the present topic and for his inspiring guidance, constructive criticism and valuable suggestions throughout the project work. I am also thankful to all staff members of Department of Mining Engineering, NIT, Rourkela. Lastly, I would like to thank and express my gratitude towards my friends who at various stages had lent a helping hand.

Date:

(Goutam Chandra Saha)

ii

ABSTRACT

Financial analysis of mining projects can be known by studying the financial statements. Financial statements are official records of the financial actions of a company, firm or other unit over a peri od of tim e whi ch provide a general idea of a company or person's financial situation in mutually short and long term. They give a precise representation of a company's condition and working results in a reduced form. Financial statements are used for supervision tool mainly by company executives and investor's in assess the overall situation and working results of the company. Analysis of financial statements helps in formative the liquidity situation, long term solvency, financial feasibility and prosperity of a firm. Financial ratio analysis show whether the firm is performing well or not in past years. Furthermore, comparison of unlike aspect of the entire firms can be done efficiently with this. It helps the traders to make a decision in which firm the threat is less or maximum benefit can be earned.

Mining industry is capital demanding. For this reason a lot of capital is needed to invest in it. Before taking decisions on investing in such company, one has to cautiously study its financial status and worth. An effort has been made in this project to analyse the financial conditions of two non- coal and one coal mining company and one coal mine of MCL (CIL) has been carried out.

OBJECTIVES

Development of Turbo C++ of version 4.9.9.2 programs for balance sheet and income statement.

Collecting financial data from different non-coal and coal companies. Analysis of financial statements of different non-coal and coal companies/mine. Comparing financial ratios of different companies.

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