QUICK RATIO

Quick ratio gives you an idea how easily the company can pay its current obligations – that is those bills due in the next 12 months.
The Quick Ratio is cash, marketable securities and accounts receivable divided by current liabilities (those due in the next 12 months). However, not all Current Assets are included in this ratio – excluded are doubtful accounts receivables and inventory. Basically, you are saying if all income stopped tomorrow and the company sold off its readily convertible assets, could it meet its current obligations?
A Quick Ratio of 1.00 means the company has just enough current assets to cover current obligations. Something higher than 1.00 indicates there are more current assets than current obligations.
It is important to compare companies with others in the same sector because different industries operate with ratios that may vary from one sector to another. Some industries such as utilities, for example carry much more debt than other industries and should only be compared to other utilities.
So, quick ratio is :

• Current assets – doubtful debtors and inventory / Current liabilities.

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NCDEX

NCDEX - National Commodity & Derivatives Exchange Markets Limited, is the leading National Spot Exchange in India. It works with domain experts and offers trading platforms for trading in a host of commodities, both agricultural and non-agricultural to various market participants, primary producers including farmers, traders, processors etc. These trading platforms combine technological efficiency and market friendly trading features in a transparent atmosphere to make trading a rich and rewarding experience.

NCDEX e Markets Limited provides a complete solution to its customers including trade-facilitation, collateral management, logistics and supply chain management and clearing and settlement.

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MCX INDIA

Multi Commodity Exchange of India Ltd (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities such as mentha oil, cardamom, potatoes, palm oil and others.

• MCX is India's No. 1 commodity exchange with 83% market share in 2009
• The exchange's main competitor is National Commodity & Derivatives Exchange Ltd.
• Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading.
• The highest traded item is gold.
• MCX has several strategic alliances with leading exchanges across the globe.
• MCX now reaches out to about 800 cities and towns in India with the help of about 126,000 trading terminals
• MCX COMDEX is India's first and only composite commodity futures price index.

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Current Liabilities

Current Liabilities are bills that will come due in the next 12 months. These include the company’s normal operating expenses such as salaries, utilities, and so on. Long-term debt, such as mortgages would not be included, however that portion of payments due in the next 12 months would be included.

Current liabilities are usually presented in the following order:

1. the principal portion of notes payable that will become due within one year
2. accounts payable
3. the remaining current liabilities such as payroll taxes payable, income taxes payable, interest payable and other accrued expenses

The parties who are owed the current liabilities are referred to as creditors. If the creditors have a lien on company assets, they are known as secured creditors. The creditors without a lien are referred to as unsecured creditors.

The amount of current liabilities is used to determine a company's working capital (current assets minus current liabilities) and the company's current ratio.

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