Working Capital Management at Food Corporation of India

Pages: 41 (12022 words) Published: August 25, 2013
PROJECT WORK ON WORKING CAPITAL MANAGEMENT
AT
FOOD CORPORATION OF INDIA
REPORT

MASTER OF BUSINESS ADMINISTRATION

Submitted By

DIMPLE MEERA THOMAS

Under the guidance of

Mr. Sanjeev Kumar Kaushik

DEPARTMENT OF MANAGEMENT STUDIES
MAR ATHANASIOS COLLEGE FOR ADVANCED STUDIES
TIRUVALLA

2012

CERTIFICATE

FROM

THE

ORGANISATION

DECLARATION

I hereby declare that this report titled “Working Capital Management” at Food Corporation of India has been prepared by me during the academic year 2012 - 2013, under the guidance of Mr. Sanjeev Kumar Kaushik, AGM (CPF Division) FCI. I also hereby declare that this project report has not been submitted to any other University or institute for the award of any degree or diploma.

DIMPLE MEERA THOMAS

ACKNOWLEDGEMENT

I would like to acknowledge my profound sense of gratitude to the Almighty for giving me strength and ability to successfully complete the study and make this report on time. I am highly indebted to Mr. Sanjeev Kumar Kaushik, AGM (A/Cs) CPF Division, for his help and support which helped me in the successful completion of my project. I would also like to thank the entire team of Food Corporation of India for their constant support and help in the successful completion of my project.

CONTENTS

CHAPTER 1- INTRODUCTION
* OBJECTIVE
* HIGHLIGHTS
* MISSION
* STATEMENT OF THE PROBLEM
* SIGNIFICANCE OF STUDY
* REVIEW OF LITERATURE
* RESEARCH METHODOLOGY
* PERIOD OF STUDY
* LIMITATIONS OF STUDY

CHAPTER II- PROFILE OF
* INDUSTRY
* COMPANY

CHAPTER III- ANALYSIS AND INTERPRETATION OF DATA

CHAPTER IV- SUMMARY OF FINDINGS, CONCLUSIONS AND
SUGGESTIONS

BIBLIOGRAPHY

CHAPTER I

INTRODUCTION

INTRODUCTION

The study was conducted at FOOD CORPORATION OF INDIA popularly known as FCI set up on 14 January 1965  having its first District Office at Thanjavur - rice bowl of Tamil Nadu - and headquarters at Chennai under the under the Food Corporations Act 1964 to implement the following objectives of the National Food Policy : 1. Effective price support operations for safeguarding the interests of the farmers 2. Distribution of food grains throughout the country for Public Distribution System 3. Maintaining satisfactory level of operational and buffer stocks of food grains to ensure National Food Security 4. Regulate market price to provide food grains to consumers at a reliable price It is one of the largest corporations in India and probably the largest supply chain management in Asia. It operates through 5 zonal offices and 26 regional offices. Each year, the Food Corporation of India purchases roughly 15-20 per cent of India's wheat output and 12-15 per cent of its rice output. The purchases are made from the farmers at the rates declared by the Govt. of India. This rate is called as MSP (Minimum support Price). There is no limit for procurement in terms of volume; any quantity can be procured by FCI provided the stock satisfies FAQ (Fair Average Quality) specifications with respect to FCI. OBJECTIVE

In its 45 years of service to the nation, FCI has played a significant role in India's success in transforming the crisis management oriented food security into a stable security system. FCI's Objectives are: * To provide farmers remunerative prices

* To make food grains available at reasonable prices, particularly to vulnerable section of the society * To maintain buffer stocks as measure of Food Security
* To intervene in market for price stabilization

HIGHLIGHTS
1. There is an increase of 9% in overall movement of food grains during 2012-13 till December, 2012 compared to previous year i.e. 2011-12 till December, 2011.  Food- Grains...

Bibliography: BOOKS: -
1. Khan M.Y. and Jain P.K (2012), Financial Management, Tata McGraw Hill.
2. Kothari C.R. (2011), “Research Methodology-Methods & Techniques”, New Age International Pvt. Ltd. Publishers, New Delhi.
3. Pandey I.M. (2013), Financial Management, Tata McGraw Hill.
4. Shapiro Alan C. (2013) “Multinational Financial Management” John Wiley & Sons (ASIA) Pvt. Ltd.
WEBSITES: -
1. www.economictimes.com
2. www.financialexpress.org
3. www.fciweb.nic.in
4. http://www.agriculture-industry-india.com
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