Agriculture Machinery

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SUMMER TRAINING REPORT
ON
“CASH MANAGEMENT”
IN
SUBMITTED TO SUBMITTED BY DEPT. OF BUSINESS SHALU VERMA

ADMINISTRATION M.B.A –3RD Sem. ROLL NO. 46

CH. DEVI LAL UNIVERSITY,SIRSA

ACKNOWLEDGEMENT

At the outset I would like to thank the Management of ESCORTS AGRI MACHINERY GROUP for the wholehearted co-operation and guidance extended by them, which made my summer training project possible. I would like to thank Mr. Bharat Madan (Chief Financial Officer), Mr. S.K Aggarwal (Head Employees Relations), and Mrs. Kiran Chopra ( Chief Secretary & System Manager) for providing me this opportunity to carry out the project. I am very grateful to my project guide Mr.pulak sinha (finance Manager; Finance Department) Escorts Limited (AMG PLANT-1) for his support and suggestions, which led to the completion of this project. I would also like to thank Mr. B.B khanna , Mr. M.M. Halder , Mr. Nitin Aggarwal , Mr. Vijay Nehra , Mr. Rajeev Khandelwal , Mr. Sunil Bhatia, Mr. R.N katyal, Mr.Ajay Wadhawan , Mrs Saroj and Mr. R.K. Kukreja and other staff members for their support and cooperation.

STUDENT DECLARATION

I, student of “Masters in Business Administration” CH. DEVI LAL UNIVERSITY, SIRSA hereby declare that the dissertation/thesis entitle ‘Study of Cash Management’ of the Escort Agri Machinery Group (AMG) submitted in fulfillment of the training; is my original work and is not submitted for the award for any other degree, fellowship or similar title or prize.

SHALU VERMA

EXECUTIVE SUMMARY

If the development capital is what establishes a business, cash flow is what keeps it going. One of the most common downfalls of business is unexpectedly high running cost. What is important is not just the size of operating costs, but the cash flow-that is when money has to be paid out in relation to the stream of income arriving in. Thus cash flow management is of prime importance. Escorts Ltd. is the holding company of the Escorts Group. Post restructuring, agri - machinery or tractors have become the focus area of operations. Other business i.e. two- wheelers, IT, Telecom, construction equipment, are controlled through subsidiaries and joint venture. Post hive off of its pistons business to a joint venture with a foreign collaborator, Escorts is focusing on its ‘core competence’ of tractors. Escorts have strong hands in house engineering skills, a wide distribution/service network and brand franchise. The project is small attempt to study the cash management in Escorts Agri - Machinery group. Added to this fact that mechanization level in India is currently very low as compared to the world standards. To analyze the performance, published balance sheets of Escorts Limited, CASH FLOW STATEMENTS are been used. This project report is based on financial data up to 2007-08 only. The financial year for escorts is from 01/10/20XX to 31/09/20XX. Escorts is maintaining the following records which is indicative of its professional approach:

Maintaining proper set of accounting records.
Maintaining an accurate cash book with bank statement
Daily cash inflow & cash outflow.
Marking regular forecast of cash requirement based upon planed sales volume. Ageing of debts/credits with comparisons to previous month...
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