VALUATION EFFICIENCY SPECIAL MANAGEMENT OF CAPITAL COMPANY CHEMICAL INDUSTRY

Abstract

The article deals with the peculiarities of capital formation at chemical industry enterprises in crisis.

PJSC "Dniproazot" and PJSC “Odessa Port Plant” in the field of fertilizer manufacturing are objects of research. Business capital formation and its sources are the subject of the research.

The study is aimed to predictpeculiarities of capital management, and tofind ways to improve it, given the identified problems.

A lot of scientific works by foreign and domestic scientists are devoted to the problem of effective capital management, but there are only few fundamental scientific researches in Ukraine covering the range of practical and theoretical activities aimed to improve capital management; so there is a need for further scientific studies disclosing new ways to optimize business capital management.

Given the results of the study, it could be argued that the PJSC "Dniproazot managed its financial resources in the most efficient way among the studied companies. The enterprise mobility factor is high, but the ability factor indicates unsatisfactory technical condition of fixed assets. The factor of capital cover shows the capital adequacy for the operation of the company and for own assets financing. It should be noted the high risk of loss of share capital and available net profit. The second-effective company is the PJSC “Odessa Port Plant”, it is characterized by low capital adequacy and mobility, and high-risk equity.

Perspective directions of the improvement of the effectiveness of capital management at selected enterprises include the formation of asset funding sources and, if possible, the use of commercial credit from suppliers.

Thus, the assessment of capital formation policy was conducted at chemical industry enterprises, and itshows that low efficiency of this policy is inherent to the object of research in some aspects.

To ensure rise in the efficiency of capital management, the following is recommended:

- Ensuring financial equilibrium of the enterprise;

- Ensuring effective enterprise development;

- Maximizing the market value of the enterprise;

- Minimizing the cost of individual components of the business capital structure, and optimizing its structure