Working Capital Management

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This is to certify that the study entitled “Working Capital

Management”in the context of H.E.E.P. BHEL being submitted byNISHTHA MALIK in the partial fulfilment of the requirement by the DEPARTMENT OF BUSINESS MANAGEMENT HNB GARHWAL UNIVERSITY. The study was conducted at Finance Department, H.E.E.P. BHEL. The matter embodied in this project report has not been submitted to any other University or Institution .

Mr.SUSHIL ARYA
SR.ACCOUNTS OFFICPAYROLL SECTION (FINANCE) ACKNOWLEDGEMENT

I express my sincere thanks to the Management of ‘HEEP(Heavy Electrical Equipment Plant) of BHEL, Ranipur, Haridwar Unit for giving me an opportunity to

gain exposure on matter related to Project under the esteem guidance of Mr. SUSHIL ARYA(Sr.Accounts Payroll section) I hereby take this opportunity to put on records my sincere thanks to Shri SUSHIL ARYA under the light of whose able guidance I could complete this project in an effective and successful manner.

I am also indebted to MR.VIVEK GOYAL(Sr.Accounts officer Books&budget), Mr.INDER KUMAR(Sr.A/O),Mr.SUJIT KUMAR(Sr.A/O) ,Smt Usha Verma (Accounts officer) for their valuable information’s and inputs, which added dimensions and meaning to my project.

I am also thankful to the rest of the staff of the SALES section for their valuable suggestion and coperation to achive the task.

With sincere thanks

SAKSHI MEHROTRA

H.N.B GARHWAL UNIVERSITY

SRINAGAR

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➢ BHEL AN OVERVIEW
➢ WORKING CAPITAL MANAGEMENT
1. MEANING
2. NEED
3. OBJECTIVE
4. WORKING CAPITAL MANAGEMENT IN BHEL
➢ MANAGEMENT OF DIFFERENT COMPONENTS OF WORKING CAPITAL 1. DEBTOR MANAGEMENT
2. INVENTORY MANAGEMENT
3. CASH MANAGEMENT

BHARAT HEAVY ELECTRICAL LIMITED-
A CORPORATE GIANT

BHEL is the largest engineering and manufacturing enterprise in India in the energy related/infrastructure sector today. BHEL was established more than 40 years ago when its first plant was set up in Bhopal ushering in the indigenous Heavy Electrical Equipment industry in India, a dream that has been more than realized with a well-recognized track record of performance. The Company’s inherent financial strengths can be seen from its net worth, Debt Equity ratio and cash surplus. The Company has a net worth of Rs.60,270 Million as on 31st March’ 2005. The Company’s cash surplus stood over Rs.32,000 Million as on 31st March’ 2005. The Debt Equity ratio of the Company is at 0.09. It has been earning profits continuously since 1971-72 and achieved a sales turnover of Rs.103,364 Millions with a profit before tax of Rs.15,816 Millions in year 2004-2005. In line with the excellent performance, an all time high dividend of 80% (including 35% interim dividend) for the financial year 2004-05 has been paid. With this BHEL has maintained its track record of paying dividends uninterruptedly for the last 29 years. BHEL caters to core sector of Indian economy viz. Power Generation and Transmission, Industry, Transportation, Telecommunication, Renewal energy defense etc. The wide network of BHEL ‘s, 14 manufacturing divisions, 4 Power sector regional centers, 8 service centers ,18 regional office and a large numbers of project sites spread all over India and abroad enable the company to promptly serve its customer and provide them with suitable products, system and services at competitive prices. BHEL has already attained ISO 9000 and all the major units/divisions of BHEL have been upgraded to the latest ISO-9001: 2000 version quality standard certification for quality management. All the major units/divisions of BHEL have been awarded ISO-14001 certification for environmental management systems and OHSAS-18001 certification for occupational health and safety management systems. BHEL occupies an all-important niche as evident by its ranking by CII amongst top eight PSUs based on financial...
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