Indian Oil Finance Doc

Powerful Essays
Topics: Petroleum
Student Declaration
I, Deepak Kansal to the best of my knowledge & belief, hereby declare that the project report entitled : “A Study of Receivable Management in Indian Oil Corporation Ltd.” is the result of my own work in the fulfillment of academic requirement. The training is done in Indian Oil Corporation Limited (IOCL) [northern Region, Marketing Division, haryana State Office] for a period of 15 days commencing from 01.02.2011 to 14.02.2011. This project work is submitted to dayananda sagar institution, bangalore. As well as in Indian Oil Corporation Limited[Northern region, Marketing Division, Haryana State Office].

Deepak kansal PGDM (Finance)
Dayananda sagar institution, bangalore

CERTIFICATE

Hereby it is certified that the project work entitled – “A Study of Receivable Management and Role of e-Payment in Indian Oil Corporation Ltd” is a work carried out by

Deepak Kansal
Management traniee
Dayananda sagar institution, bangalore

It is certified that all the subjective matter carry out by him is verified. The project report has been approved as it satisfies the academic requirements in respect of Project Work.

--------------------------------------
Prof. Dr. C.v.diwakar
Faculty guide
Dayananda sagar institution

Executive summary
Indian Oil Corporation Limited, with an yearly turnover of about 2 Lac Crores is the biggest Company in India in terms of sales. It has once again topped the Indian Companies in the Fortune 500 list of Companies with a rank of 125. In such a large sized corporation the common problem is the Receivable Management and formulating a sound Credit Policy and Collection Procedure. In this fluctuating Oil Market it is very difficult to maintain the level of the Sundry Debtors and hence the Profitability. Moreover the Private Companies are entering the Oil Industry which



References: Pandey I.M.(2008), “Financial Management” Weblinks:

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