Working Capital Management
A PROJECT REPORT ON
³WORKING CAPITAL MANAGEMENT OF OIL AND NATURAL GAS CORPORATION (ONGC)´
PROJECT REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF MASTERS IN MANAGEMENT STUDIES MUMBAI UNIVERSITY
Submitted By ANKUR JAIN (MMS- Finance)
MET¶s INSTITUTE OF MANAGEMENT
MET COMPLEX, BANDRA RECLAMATION, BANDRA(W) MUMBAI-400050
Page | 1
CONTENTS
Student¶s declaration Acknowledgement Executive Summary Company profile Methodology used Concept of working capital Factors Determining Working Capital Requirements Working Capital Policy Current Assets & Current Liabilities Inventory Management Cash Management Receivables Management Ratio Analysis Suggestion Bibliography 3 4 5 6 8 9 12 16 19 20 23 26 27 31 32
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STUDENTS DECLARATION
I hereby declare that the project report entitles:
µWORKING CAPITAL MANAGEMENT IN ONGC¶
Conducted at
ONGC office, Bandra kurla complex, Mumbai, submitted in partial fulfillment at the requirements for the degree of Master of Management Studies (M.M.S.) to MET¶s Institute of Management Mumbai is my original work and not submitted for the award of any other degree, diploma, fellowship or similar title or prize.
Date : Place :
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ACKNOWLEDGEMENT
With warm regards, I would like to thanks Mr. CHANDRANATH S.I, Chief Manager ONGC, for the encouragement and guidance continuously provided by him to undergo my vocational training in this esteemed organization. The present project work; a study of working capital management in ONGC, deals with the problem faced in financial management and gives the solution of the same, which is basic for organization whether Govt. Public or Private sector.
I owe my special thanks to Mr. subir tete for providing valuable ideas and suggestions which enabled me to prepare this report.
(ANKUR JAIN)
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EXECUTIVE SUMMARY
Working Capital is the lifeblood and controlling nerve of an organization. ONGC being a
³WORKING CAPITAL MANAGEMENT OF OIL AND NATURAL GAS CORPORATION (ONGC)´
PROJECT REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF MASTERS IN MANAGEMENT STUDIES MUMBAI UNIVERSITY
Submitted By ANKUR JAIN (MMS- Finance)
MET¶s INSTITUTE OF MANAGEMENT
MET COMPLEX, BANDRA RECLAMATION, BANDRA(W) MUMBAI-400050
Page | 1
CONTENTS
Student¶s declaration Acknowledgement Executive Summary Company profile Methodology used Concept of working capital Factors Determining Working Capital Requirements Working Capital Policy Current Assets & Current Liabilities Inventory Management Cash Management Receivables Management Ratio Analysis Suggestion Bibliography 3 4 5 6 8 9 12 16 19 20 23 26 27 31 32
Page | 2
STUDENTS DECLARATION
I hereby declare that the project report entitles:
µWORKING CAPITAL MANAGEMENT IN ONGC¶
Conducted at
ONGC office, Bandra kurla complex, Mumbai, submitted in partial fulfillment at the requirements for the degree of Master of Management Studies (M.M.S.) to MET¶s Institute of Management Mumbai is my original work and not submitted for the award of any other degree, diploma, fellowship or similar title or prize.
Date : Place :
Page | 3
ACKNOWLEDGEMENT
With warm regards, I would like to thanks Mr. CHANDRANATH S.I, Chief Manager ONGC, for the encouragement and guidance continuously provided by him to undergo my vocational training in this esteemed organization. The present project work; a study of working capital management in ONGC, deals with the problem faced in financial management and gives the solution of the same, which is basic for organization whether Govt. Public or Private sector.
I owe my special thanks to Mr. subir tete for providing valuable ideas and suggestions which enabled me to prepare this report.
(ANKUR JAIN)
Page | 4
EXECUTIVE SUMMARY
Working Capital is the lifeblood and controlling nerve of an organization. ONGC being a