Working Capital Management
A Report on of
Sultanate of Oman
Submitted by
R.Sasikumar
Course code : 406 Register No: 32118 Enrollment No: 08008PF103
Under the Guidance of
Prof. N. Aravindakshan
Submitted in partial fulfillment of the requirement for the award of the degree of
of
M.G.UNIVERSITY KOTTAYAM – KERALA
March – 2010
1
EXECUTIVE SUMMARY
This project is based on the study of working capital management in Arabian Industries LLC, An insight view of the project will encompass – what it is all about, what it aims to achieve, what is its purpose and scope, the various methods used for collecting data and their sources, including literature survey done, further specifying the limitations of our study and in the last, drawing inferences from the learning so far. “Arabian Industries LLC” an Oman’s prestigious Engineering and Manufacturing Company; is a well established engineering company. It is an Omani company which always maintained the highest international standards of excellence through quality, technology and innovation. It has the ability to provide the best in engineering and back up services for the petroleum and allied industries. The company has ISO 9001-2000 certification and has executed projects in various Middle East countries. It captured the various facets of the Oman economy in sectors ranging from maintenance, manufacturing, fabrication and infrastructure, etc. Working capital is the life-blood of all types of enterprises, manufacturing and trading both. It is constantly required to buy raw materials for payment of wages and other day-to-day expenses. Without adequate working capital, manufacturing operations will be crippled. It is a base on which all the activities of business enterprise depend. The working capital management refers to the management of working capital, or precisely to the management of current assets. A firm’s working capital consists of its investments in current assets, which includes short-term assets— cash and bank
Sultanate of Oman
Submitted by
R.Sasikumar
Course code : 406 Register No: 32118 Enrollment No: 08008PF103
Under the Guidance of
Prof. N. Aravindakshan
Submitted in partial fulfillment of the requirement for the award of the degree of
of
M.G.UNIVERSITY KOTTAYAM – KERALA
March – 2010
1
EXECUTIVE SUMMARY
This project is based on the study of working capital management in Arabian Industries LLC, An insight view of the project will encompass – what it is all about, what it aims to achieve, what is its purpose and scope, the various methods used for collecting data and their sources, including literature survey done, further specifying the limitations of our study and in the last, drawing inferences from the learning so far. “Arabian Industries LLC” an Oman’s prestigious Engineering and Manufacturing Company; is a well established engineering company. It is an Omani company which always maintained the highest international standards of excellence through quality, technology and innovation. It has the ability to provide the best in engineering and back up services for the petroleum and allied industries. The company has ISO 9001-2000 certification and has executed projects in various Middle East countries. It captured the various facets of the Oman economy in sectors ranging from maintenance, manufacturing, fabrication and infrastructure, etc. Working capital is the life-blood of all types of enterprises, manufacturing and trading both. It is constantly required to buy raw materials for payment of wages and other day-to-day expenses. Without adequate working capital, manufacturing operations will be crippled. It is a base on which all the activities of business enterprise depend. The working capital management refers to the management of working capital, or precisely to the management of current assets. A firm’s working capital consists of its investments in current assets, which includes short-term assets— cash and bank
Bibliography: BOOKS REFERRED 1) Banarjee.A.K., Nair.R.K., Agarwal. V.K. – Organisational Behaviour (2007) – Pragathi Publishers – Meerut 2) Gupta.R.L – Advanced Accountancy (2006) – Sultan Chand and Sons 3) Khan M.Y 7) Sharma.R.K., Shashi K Gupta - Business Management (2008) – Kalyani Publishers – Ludhiana. REFERRED Financial Statement – (Annual Report for 2009) Company Journals – Arabian Industries LLC