Summer Tarining Report Assignment

SUMMER TRAINING REPORT
For the Proposed Summer Internship Project
A STUDY ON WORKING CAPITAL MANAGEMENT OF VOLTAS LTD.
JAIPURIA INSTITUTE OF MANAGEMENT
A-32, Sector 62, Institutional Area, Noida- 201309 (U.P.)
Under the Supervision of
Prof. Ajay Bansal
Submitted by
Agrima Shrivastava
JN170006
AGRIMA SHRIVASTAVA | JN1700061

DECLARATION
I, Agrima Shrivastava,of Jaipuria Institute of Management, NOIDA, hereby affirm that this
report on Summer Internship Project titled “A Study on Working Capital Management of
Voltas Ltd.” at Voltas corporate office, Delhi,is solely my work and is prepared by me only.
I also declare that I have not revealed any sort of critical information of the organization.
I also declare that all the information collected from numerous secondary sources has been duly
acknowledged in this project report.
Place: New Delhi
Date: 5 July 2018 (Agrima Shrivastava)
AGRIMA SHRIVASTAVA | JN1700062

AGRIMA SHRIVASTAVA | JN1700063

AGRIMA SHRIVASTAVA | JN1700064

ACKNOWLEDGEMENT
I would like to extend my heartfelt thankfulness towards the Management of Voltas Ltd for
providing me an opportunity to experience my Summer Internship Project in their respected
organization. I am extremely grateful to my guide Mr. Gurudev Singh for his guidance and
supportive nature that helped me in completing this project report. I have learned severalnew
things about the organizational finance system while working at Voltas Ltd.
I would also like to thank Mohd. Kalimuzzama Siddiqui and Mr. Amol Bhise forallowing me to
work on my project and for their timely support and guidance that helped me in preparation of
this report.
Last but not the least I would like to thank my faculty mentor Mr. Ajay Bansal for his continuous
support and guidance.
(Agrima Shrivastava)
AGRIMA SHRIVASTAVA | JN1700065

ABSTRACT
This project is on working capital management of VOLTAS Ltd. This study has been
done to take a glance atfunctioning of finance and commercial department of the company and
take an overview of working capital management and analyse it toevaluate the performance of
the company financially. For major part of the project, I have used my understanding of the job
in the F&C department but for the study of last part that is working capital management I have
used the annual reports of Voltas Ltd for five years. In the end of the report, I speak about my
results, conclusions, recommendations and learning outcomes.
AGRIMA SHRIVASTAVA | JN1700066

TABLE OF CONTENT
Content
s
SUMMER TRAINING REPORT...............................................................................................................1
TABLE OF FIGURES................................................................................................................................8
CHAPTER 1................................................................................................................................................9
INTRODUCTION.......................................................................................................................................9
FACTORS AFFECTING WORKING CAPITAL.....................................................................................10
CHAPTER 2..............................................................................................................................................13
COMPANY PROFILE..............................................................................................................................13
CHAPTER 3...............................................................................................................................................................15
JOB DESCRIPTION .................................................................................................................................................15
JOB ANALYSIS.........................................................................................................................................................16
CHAPTER 4.................................................................................................................................................19
DATA ANALYSIS AND INTERPRETATIONS.....................................................................................20
INTERPRETATION.................................................................................................................................22
CHAPTER 5..............................................................................................................................................32
FINDINGS................................................................................................................................................32
SUGGESTIONS........................................................................................................................................33
CONCLUSION.........................................................................................................................................35
BIBLIOGRAPHY.....................................................................................................................................36
AGRIMA SHRIVASTAVA | JN1700067

TABLE OF FIGURES
S.NO
PARTICULARS PAGE NO.
1. Summary of Balance confirmation of Delhi 14
2. Summary of balance confirmation of Haryana 15
3. Relationship between trade receivables and trade payables 19
4. Relationship between short term borrowings and short term
advances
20
5. Relationship between current assets and current liabilities 21
6. Relationship between current ratio and quick ratio 22
7. Cash Turnover Ratio 23
8. Cash to Current Liabilities 24
9.
10.
11.
Average collection and average payable period
Account Receivable Turnover and Accounts Payable Turnover
Operating Cycle and Cash Conversion Cycle
25
29
30
AGRIMA SHRIVASTAVA | JN1700068