SUMMER TIME TRAINING STATEMENT
" CASH MANAGEMENTвЂќ
SUBMITTED TO SUBMITTED BY SIMPLY DEPT. OF BUSINESS SHALU VERMA
SUPERVISION M. W. A вЂ“3RD Sem. SPIN NO . 46
CH. DEVI LAL COLLEGE OR UNIVERSITY, SIRSA
At the outset I would like to thank the Management of ESCORTS AGRI MACHINERY GROUP for the wholehearted co-operation and advice extended simply by them, which usually made my personal summer schooling project likely. I would like to thank Mister. Bharat Madan (Chief Economical Officer), Mister. S. E Aggarwal (Head Employees Relations), and Mrs. Kiran Chopra ( Primary Secretary & System Manager) for featuring me this opportunity to carry out the project. I i am very happy to my own project guide Mr. pulak sinha (finance Manager; Finance Department) Escorts Limited (AMG PLANT-1) intended for his support and suggestions, which resulted in the completing this job. I would love to say thanks to Mr. B. B khanna, Mr. M. M. Halder, Mr. Nitin Aggarwal, Mister. Vijay Nehra, Mr. Rajeev Khandelwal, Mr. Sunil Bhatia, Mr. 3rd there’s r. N katyal, Mr. Ajay Wadhawan, Mrs Saroj and Mr. Ur. K. Kukreja and other staff members for their support and co-operation.
I, college student of " Masters in Business AdministrationвЂќ CH. DEVI LAL UNIVERSITY, SIRSA hereby declare that the dissertation/thesis entitle вЂStudy of Cash Management' of the Escort Agri Equipment Group (AMG) submitted in fulfillment in the training; can be my unique work and is not submitted for the award for almost any other level, fellowship or perhaps similar name or award.
If the advancement capital is what establishes a business, cash flow is actually keeps this going. One of the most common downfalls of organization is suddenly high operating cost. Precisely what is important is not merely the size of working costs, but the cash flow-that is when money should be paid out with regards to the stream of salary arriving in. Thus income management is of prime importance. Escorts Ltd. is the having company of the Escorts Group. Post restructuring, agri -- machinery or perhaps tractors have become the focus area of operations. Various other business i actually. e. two- wheelers, IT, Telecom, construction equipment, will be controlled through subsidiaries and joint venture. Post hive from its appui business to a joint venture which has a foreign collaborator, Escorts is focusing on the вЂcore competence' of vehicles. Escorts possess strong hands in house engineering skills, a broad distribution/service network and brand franchise. The project is definitely small make an attempt to study the money management in Escorts Agri - Machines group. Added to this fact that mechanization level in India happens to be very low as compared with the world standards. To analyze the performance, posted balance bedsheets of Escorts Limited, CASH FLOW STATEMENTS are been employed. This job report is dependent on financial data up to 2007-08 only. The financial season for escorts is from 01/10/20XX to 31/09/20XX. Escorts is keeping the following documents which is indicative of it is professional way:
пѓMaintaining proper pair of accounting records.
пѓMaintaining an exact cash book with financial institution statement
пѓDaily cash influx & cash outflow.
пѓMarking standard forecast of cash requirement relying on planed sales volume. пѓAgeing of debts/credits with side by side comparisons to prior month...