WORKING CAPITAL MANAGEMENT
SWARAJ MAZDA LIMITED
(AN INDO-JAPANESE LCV’S)
ROLL NO: E066028
CHITKARA BUSINESS SCHOOL
PUNJAB TECHNICAL UNIVERSITY
Practical training is an important part of the theoretical studies. It is of an immense importance in the field of management. It offers the student to explore the valuable treasure of experience and an exposure to real work culture followed by the industries and there by helping the students to bridge gap between the theories explained in the books and their practical implementations. Training plays an important role in future building of an individual so that he/she can better understand the real world in which he has to work in future. The theory greatly enhances our knowledge and provides opportunities to blend theoretical with the practical knowledge where trainees get familiar with certain aspects of industries. I feel proud to get myself trained at SWARAJ MAZDA that is one of the top most light commercial vehicle industries in India. I have taken up training in finance department and have studied and explained the need for working capital as well as its management and financing. I am sure I could encash this opportunity to the best of my encompetence, zeal , perfection and academic knowledge & I am keen to make it on going journey throughout my life as I strongly believe that learning is a journey not a destination.
The project “management of working capital” contained the culmination of six weeks of my own search, study and practice in the office of swaraj mazda limited. I present this project to all those who instructed me to write the project report during summer vacation training programmed at swaraj mazda limited(an indo-japanese joint venture LCVs) I am thankful to Mr. Ashok Verma(chief manager-finance) who was not only my trainer but my mentor and my guide. He has given me chance to have training in this esteemed organization & for their full cooperation at every sphere to successfully accomplish my task. He not only imparted me summer training but he also cultivated seeds of discipline. He made me realized the importance of time. He not only tried in making me a good manager but also a good human being. I thank Mr. Gopal Bansal( vice-president-finance & company secretary) and his team who has given me this great opportunity to work in SML. I also thank Mr Arun and all the members of the finance department for co-operating with me in completion of this project. Last but not the least I am thankful to all my friends and family members, particularly Mr. Sanjeev, my ideal, who always guided me on the way whenever I felt myself in trouble. This project made possible the effective presentation of ideas, and analysis which brought remarkable response from the company.
SWARAJ MAZDA- AN INTRODUCTION
Swaraj Mazda Limited is a joint venture of Punjab Tractors limited and Mazda Motors Limited of Japan. The agreement between the two was signed on 5th October 1984.
As has been pointed out that Swaraj Mazda is a collaboration entity between two giants in their own rights, is committed to quality and performance and is progressively showing profound concerns for the welfare & benefits of their customers, stock holders, business partners and staff.
After the first indigenous tractor, manufactured by PTL in India, was successfully launched in 1974, it has been on its way to becoming a blue chip company. Besides tractors, the company also manufactures Swaraj Combine Harvesters, Agricultural Implements. Automotive Castings, Forklifts. Over the year, PTL has won national and international acclaim and recognition for outstanding performance and contribution in...