FINANCING WORKING CAPITAL IN A DEPRESSED ECONOMY - A CASE STUDY OF PVC MANUFACTURERS NIGERIA LIMITED

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dc.contributor.authorO L U W A R O T I M I, F A K O Y E J O F R A N C I S
dc.date.accessioned2014-03-22T09:25:03Z
dc.date.available2014-03-22T09:25:03Z
dc.date.issued1995-09
dc.descriptionDEPARTMENT OF BUSINESS ADMINISTRATION INSTITUTE OF ADMINISTRATION AHMADU BELLO UNIVERSITY ZARIA.en_US
dc.description.abstractA B S T R A C T Working Capital represents the excess of Current assets over Current Liabilities, Current Assets comprise Stocks Accounts Receivable, Cash, Marketable securities. Current Liabilities are Notes Payable, Trade Creditors, Bank Overdrafts, Short-term Loans, Accruals. PVC Manufacturers (Nig) Ltd commenced operation in 1989 in a depressed Nigerian Economy characterised by high inflation, low capacity utilisation, massive unemployment, depreciating Naira value, high interest rate, weak purchasing power, etc. The technique adopted in this project was examination of Company's records and documents coupled with direct observation of its day- to - day activities. The following problems and weaknesses are highlighted in the study:- i. Enormous amount required for raw materials ii. Scarcity of foreign Exchange iii. Frequent stock-outs and factory closures iv. Virtual dependence on the imported materials because NNPC is yet to commence production of its major raw mater ials. v. Long delay in securing bank facilities, vi. Poor debt servicing. 7 Adequate working capital is essential to an organisation's survival. Improved debt servicing will facilitate the company's ability to raise finance in future.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4150
dc.language.isoenen_US
dc.subjectFINANCING,en_US
dc.subjectWORKING,en_US
dc.subjectCAPITAL,en_US
dc.subjectDEPRESSED,en_US
dc.subjectECONOMY,en_US
dc.subjectCASE,en_US
dc.subjectSTUDY,en_US
dc.subjectMANUFACTURERS,en_US
dc.subjectMANUFACTURERS.en_US
dc.titleFINANCING WORKING CAPITAL IN A DEPRESSED ECONOMY - A CASE STUDY OF PVC MANUFACTURERS NIGERIA LIMITEDen_US
dc.typeThesisen_US
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