A Study on Financial Performance of Kerala State Co-operative Federation for Fisheries Development Limited (MATSYAFED)
Fishing is a traditional activity in Kerala because from time immemorial fishermen community involved in both marine and inland fishing for their livelihood. To develop the fishermen community and to solve their socio-economic problems, fisheries co-operatives were established. MATSYAFED is acting as the apex level institution for all the primary level fishermen co-operatives in Kerala. A humble attempt was made to conduct a study on “Financial Performance Evaluation of Kerala State Co-operative Federation for Fisheries Development Limited (MATSYAFED)” to evaluate its financial performance. The tools used for the analysis of the data were ratio analysis and compound annual growth rate (CAGR). From the financial performance analysis, it is evident that they have a strong short-term liquidity position and have a good inventory turnover ratio. The debt-equity ratio is higher than the rule of thumb (1:1). i.e., debt is higher than equity. The ratio analysis reveals that the MATSYAFED is efficiently managing its funds to various schemes and programs for the development of the fishermen community. As a whole, compared with many other apex cooperative federations, MATSYAFED is performing better, thanks to the management team.
Copyright (c) 2020 S P Thrishma, G Veerakumaran
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