PROJECT report on working capital for summer training of 2 months for MBA

PROJECT REPORT ON

“WORKING CAPITAL” IN JAY BHARAT EXHAUST SYSTEMS LTD. (Submitted in the partial fulfillment of the requirement for the two years Master’s Degree (M.B.A.)) TO UTTRE PREDESH TECHNICAL UNIVERSITY, LUCKNOW Session (2006-07) Under guidance of: Mr. Ruchir Gupta Manager- Finance

Submitted by: PRAGATI SINGH M.B.A.

TEERTHANKAR MAHAVEER INSTITUTE OF MANAGEMENT & TECHNOLOGY MORADABAD

Trusted by over 1 million members

Try Scribd FREE for 30 days to access over 125 million titles without ads or interruptions! Start Free Trial Cancel Anytime.













ACKNOWLEDGEMENT

It is universally known truth that there is someone behind the success of ones career. That is the reason that I am neither claiming credit of preparation of this in training report, it is the guidance from audition luminaries of the field, which prove to be rewarded. First of all I wish to express my sincere and heart full thanks to my teachers who helped me for guidance for doing training, and I am highly obliged to my all teachers who helped me a lot for the arrangement of my training. BHARAT EXHAUS EXHAUST T I woul would d like like to than thanks ks all all the the fami family ly memb member erss of JAY BHARAT SYSTEMS LTD., FARIDABAD.

For their support and guidance they have provided to me, which has proved vital for my training. I would like to thanks Mr. H.C. Popli (Unit Head), Mr. Ruchir Gupta (Manager), Mr. Pawan Pawan Gupta Gupta (Assis (Assistan tantt Manage Manager), r), Mr. Jagdis Jagdish h Mor (Assi (Assista stant nt Manager Manager), ), Mr. Heardya Nand Misra (Executive), Mr. Ravinder Pal Singh (Executive) for reading this report, providing guidance based on their practical experience in the industry for the betterment of this project.















 Preface  Guide

Certificate

 Company  Product

Profile

Profile

 Objective

of the Study

 Introduction  Working

Capital Requirement

 Classification  Working

Capital Turnover Ratio

 Operating  Working 

of Working Capital

Cycle & Working Capital Needs

Capital Financing

Data Analysis & Interpretation

 Limitations  Conclusion





























PREFACE The need for working capital to run the day-to-day business activities is to be emphasized, “we will hardly find a business firm which does require any amount of working capital”. It is concerned with the problems that arise in attempting to manage the current assets, the current liabilities and the interrelationship that exist between them. The goal of working capital management is to manage firm’s current assets and liabilities in such a way that a satisfactory level of working capital is maintained “this is important because if the cannot maintain a satisfactory level of working capital, it is likely likely to become insolvent insolvent and may even be forced forced into bankruptcy”. bankruptcy”. The current assets should be large enough to cover its current liabilities in order to ensure a reasonable margin of safety. The interaction and balance of current assets and current liabilities is therefore the main theme of theory of working capital. For the convineance of study the whole current assets and current liabilities are further divided into cash management, receivables management, inventory management however the emphasis in the study is on the financing of working capital requirement which is mainly through banks, starting right from assessment of projection of working capital requirements, preparation of CMA form up till sanctioning of limits by bank.















































INTRODUCTION

JBM Group JBM Group begins its engineering activities in 1983 with the establishment of Gurera Gas Cylinder Cylinderss Limite Limited d and entere entered d the auto compon component ent indust industry ry in 1985 1985 with with the inception of Isuki Auto India. Jay Bharat Maruti Limited, a joint venture between JBM Group and Maruti Udyog Limi Limited ted,, was set set up in 1987 1987 to manuf manufac actu ture re shee sheett meta metall comp compon onent entss and and welde welded d subassemblies for various Maruti Suzuki models. The first decade has been one of consolidation and diversification. And has seen JBM emerging as a quality leader. With the establishment of JBM Tools Ltd., a Joint venture with Tata’s and a number of other units spread across the country, today JBM is a front ranking entity in auto components. JBM has the resources, expertise and infrastructure to manufacture a range of products such as sheet metal stampings, press tooling, jigs and fixtures, and safety restraint systems. Driven by a commitment to customer satisfaction and international standards of quality, JBM has not only won customer confidence but also industry recognition through several awards and accolades. With modern in-house manufacturing facilities and twenty-eight plants country wide, JBM supplies components on JIT (Just in Time) basis to leading auto manufacturers, meet meetin ing g quali quality ty and and quant quantit ity y requ requir irem ement ents. s. JBM JBM is an esta establ blis ishe hed d sour source ce for for the the components sector, white goods industry, and defense. Since the early days, JBM has drawn on the technology strengths of leaders from the world over. Coupled with a strong

















Locations           

Jay Bharat Maruti Ltd. Neel Metal Product Ltd. JBM Auto Ltd. Jay Bharat Exhaust Systems Ltd. Neel Industries Pvt. Ltd. Jaico Steel Fasteners Ltd. Thai Summit Neel Auto Pvt. Ltd. Thyseenkrupp JBM Pvt. Ltd. JBM Fanalca Environment Management Pvt. Ltd. JBM Industries Ltd. Arcelor Neel Tailored Blank Pvt.Ltd.

CUSTOMERS: -

        

JCB INDIA LTD., BALABGARH JCB INDIA LTD., PUNE HINDUSTAN MOTOR LTD., HUGALI ASSOCIATE LIGHT LAMP PVT. LTD., NOIDA JAY BHARAT MARUTI-I, GURGAON JOHN DEERE EQUIPMENT PVT. LTD HONDA MOTOR AND SCOOTER PVT. LTD. NEEL METAL PRODUCT LTD.-I, GURGAON NEEL METAL PRODUCT LTD.-VIII, HARIDAWAR

COUNTRYWIDE COUNTRYWIDE PLANTS OF JBM GROUP •

DELH DE LHII: -

















•

FARIDA FAR IDABAD BAD : -

1. 2. 3. 4. 5. 6.

JBM JBM Aut Auto o Ltd Ltd.. Pla Plant nt-1 -1 JBM Auto Auto Ltd. Ltd. (SPV (SPV Divi Divisio sion) n) Jay Bharat Bharat Exha Exhaust ust Syst System em Limit Limited. ed. JBM JBM Indu Indust stri ries es Ltd Ltd.. ANS ANS Ste Steel el Tub Tubes es Ltd Ltd.. Jaico Jaico Stee Steell Faste Fastener nerss Pvt. Pvt. Ltd. Ltd.

•

UTTARAK UTT ARAKHAN HAND D: 1. Neel Neel Met Metal al Pro Produc ducts ts Ltd Ltd.. 2. Neel Neel Met Metal al Pro Produc ducts ts Ltd Ltd.. 3. Thai Thai Summ Summit it Neel Auto Auto Pvt. Pvt. Ltd. Ltd. 4. Thai Thai Summ Summit it Neel Auto Auto Pvt. Pvt. Ltd. Ltd.

•

UTTAR UTT AR PARDE PA RDESH SH: -

1. Gure Gurera ra Indus Industr trie iess Ltd. Ltd. •

MAHARAS MAHA RASHTRA HTRA : -

1. Thai Thai Summ Summit it Neel Auto Auto Pvt. Pvt. Ltd. Ltd. 2. JBM Au Auto Lt Ltd. 3. JBM JBM Mark Market etin ing g Off Offic icee. •

TAMIL TAMI L NADU NA DU : -

1. Thys Thysse senk nkru rupp pp JBM JBM Pvt Pvt.. Ltd. Ltd. 2. Neel Neel Ind Indus ustr trie iess Pvt. Pvt. Ltd Ltd.. 3. Thai Thai Summ Summit it Neel Auto Auto Pvt. Pvt. Ltd. Ltd.

















RIDING INTO THE FUTURE After the first decade of credible growth and achievements, JBM is looking forward to the new millennium. International auto manufacturers are now in India. The automobile industry changing fast. New collaborations and new care are here, heralding another exciting e ra . And JBM is posed to accelerate future in the near future. The diversification in to safety syst system ems, s, chass chassis is and and susp suspen ensi sion on syst system emss mark markss the the begin beginni ning ng in this this dire direct ctio ion. n. As a significant player in the automotive industry, JBM is determined to move with the times. Taking on new challenges achieving new milestones. Weld shop, comprising comprising of contemporar contemporary y equipment equipment and highly highly versatile versatile machines from the heart of JBM's fabrication operations, these gigantic weld shops utilize an array of modern welding gadgets like stationary spot welding, MIG/TIG welding, submerged are welding and SPM's. JBM's highly developed skills in welding operations contribute significantly to superior quality and reliability of the end product, which is the hallmark of JBM.



















JAY BHARAT EXHAUST SYSTEM LTD. Jay Bharat Exhaust System Ltd. (JBES) is promoted by the JBM group. The JBM group is associated with mfg of Sheet Metal Components, Exhaust System, Welded Assemblies and other automobile parts and supply to various OEMS.the JBM group has been dealing with Canara Bank since 1986. JBES is original located as HSIDC Industrial complex, sector-59 Faridabad and now shifted to Plot No.262, Sector-24, Faridabad and is operational since September, 1998. LOCATION: Plot No.: 268, Sector – 24, Faridabad: 121005 Phone :0129- 4068373 0129- 4068374 Fax: 0129- 4068372 E-mail: [email protected] Website: www.jbmindia.com





































PRODUCT PROFILE

In the JBES plant mainly has two shops: 1) 2)

Welding Shop Press Shop

1) We Weld ldin ing g Shop hop

Welding forms the major bulk of the operations carried out in the plant. The plant has the facilities for the MIG welding, TIG welding, PROJECTION welding and SPOT welding. 2)

Press Shop

In the press shop the operations like FORMING, PIECERING, PUNCHING etc are done .The plant has ha s HYDRAULLIC PNEUMETIC and MECHANICAL PRESSES. Besid Besidee thes thesee opera operati tion onss and equi equipm pment entss the the plan plantt has has CNC and PIPE PIPE BEND BENDIN ING G machin machine, e, FLARI FLARING NG machin machines, es, CURLIN CURLING G and SEAMIN SEAMING G machin machines es also. also. Some Some of product manufacture in the plant is: -



















PRODUCTS A list of the products that are made in the plant is displayed on the adjoining page the list shows that the plant makes a huge hug e number of products.

PIPE SUB-CHAMBER LINE Pipe sub chamber assembly used in the silencer of Maruti cars is manufactured. The various processes involved include MIG, TIG welding, squeezing, facing, grinding and leak testing.



















HMSI HOLDER Holder assembly used in the shop absorbs of ACTIVA and ETERNO Is made the major process carried out in this process is MIG welding and BAFFLING the main steps provided are

MARUTI BAFFLE LINE





















PROCESS OF HINDUSTAN MOTER’S PRODUCT Hindus Hindustan tan Motor Motor is one of the major major custom customer er of JBES.J JBES.JBES BES prepar prepares es silence silencerr for Hindustan Motor. The process of Hindustan Motor’s silencer is as follows: 1.ROLLER (SRM-001): - For preparing silencer the process needs steel sheet, which has .66 thicknesses and 481905 lengths. Then manufacturing process become start. This machine used for give the roll shape to the steel sheet. 2.SPOT WELDING (SSW-001): (SSW-001 ): - After rolling, the steel sheet is ready for welding with the help of this machine. It welds the sheet and converts it into a roller pipe.









































OBJECTIVE 

My Project Report mainly focuses on “Working Capital”.



My Project study also focuses on the main point that the basic objective of the company.



To ensure smooth & efficient working of a department.





















SIGNIFICANCE SIGNIFICANCE OF STUDY Finance is the life of any business. No business can run properly unless it maintains its cash. Blood is essential for human being alive. In case of business finance take the position of blood. Hence this Project becomes vital for organization-paying attention to











































FINANCIAL MANAGEMENT













































cost of conversion and other cost incurred in brining the inventories to their present location and condition.

















































































































































































































































































































































































































































































PROJECT report on working capital for summer training of 2 months for MBA

Recommend Documents