Click here to load reader

Seil Cemical

  • View
    219

  • Download
    0

Embed Size (px)

Text of Seil Cemical

  • 7/28/2019 Seil Cemical

    1/125

    SUMMER TRAINING

    HELD ATSIEL CHEMICAL COMPLEX

    RAJPURA

    STUDY PERIOD(1.6.2012 TO 15.07.12)

    PROJECT REPORT

    ON WORKING CAPITAL MANAGEMENT

    Submitted to Submitted by

    Mr. A D Maggu Konica Kukreja

    Sr. Manager (A/ F) M.Com(f.m.)

  • 7/28/2019 Seil Cemical

    2/125

    PREFACE

    In todays competitive world of real business finance and accounting have assumed

    critical importance, as finance is the real blood of the business. Every business

    whether it is big, medium or small needs finance day to day, to cover its daily

    requirements.

    The report has been prepared after the completion of 6 weeks summer training

    period. In this report brief information about accounts department & project have

    been included. The style adopted is simple one fully supported by diagrams at

    appropriate places, charts and Performa. The primary aim is to present in a simple

    way and to include the relevant topics.

    My summer training report in Siel Chemical Complex is the requirement for the

    successful completion of my educational course. Here I have prepared my report

    on the accounting aspects covered under various sections of the Accounts

    Department named as:

    Finance Section, Sales Section, Purchase Section, Contract Section and Costing

    Section other than Sales have been covered under the General Accounting systems.

    Since everyone has its own way of analyzing and interpreting the facts and figures.

    I have presented this report in my own humble way and spent considerable time in

    these sections. I also tried to prepare this report with my best experience and

    knowledge.

    Konica Kukreja

  • 7/28/2019 Seil Cemical

    3/125

    ACKNOWLEDGEMENT

    I am indebted to the Company and HRD Department, who have given me anopportunity to enlarge my knowledge, which I have gained during my six weeks

    training program.

    It was indeed a great pleasure to have a training program in the Siel Chemical

    Complex at Rajpura. Here I learnt the practical utilization of the knowledge in my

    respective field of Finance and also got the real picture of the formal and informal

    culture of the eminent manufacturing unit.

    I am extremely thankful to Mr. A D Maggu Sr.Manager (Fin. & A/cs.) for his

    valuable guidance. This project bears the imprint of Managers/Officers of the A/cs

    & Finance department. I shall remiss in my duty if I do not thank them, I pay my

    regards to:-

    Mr. Amit Kumar, Mr. Khandelwal, Gurvinder Singh, Sandeep Kumar,

    Varinder Bhatia, S.N.Pandey, for their assistance , co-operation andencouragement offered by them.

    I also express my gratitude to those of my colleague trainees who have

    sacrificed their valuable time for assisting me directly and indirectly in my report

    making.

    Konica Kukreja

  • 7/28/2019 Seil Cemical

    4/125

    DECLARATION

    I hereby declare that the project done by me s true to my knowledge. The project

    duration was of 6 weeks 1.6.2012 to 15.7.12. The information collected by me isauthentic and is done through data analysis and interpretation and I have a

    thorough by the project.

    The content of this report is based on the information collected from the financeand accounts division, Siel Chemical Complex, Rajpura and also from the annualreport all calculations are done as per the methodology of Siel Chemical Complex,

    Rajpura.

    Place: RajpuraDate:

    Konica Kukreja

  • 7/28/2019 Seil Cemical

    5/125

    contents

    1. ESTABLISHMENT OF SIEL GROUP

    2. COMPANY PROFILE, ORGANISATIONAL BREAK UP

    3. MANUFACTURING PROCESS

    4. INTRODUCTION TO ACCOUNTING SYSTEM

    5. WORKING CAPITAL MANAGEMENT (WCM)

    6. FINANCING OF WCM

    7. PROFIT/LOSS A/C

    8. BALANCE SHEET

    9. MANAGEMENT OF CASH, INVENTORY, & RECEIVABLES

    10. MIS SYSTEM

    11. RESEARCH METHODOLOGY

    12. SUGGESTIONS

    13. BIBLIOGRAPHY

  • 7/28/2019 Seil Cemical

    6/125

    CHAPTER -1

    Siel Chemical ComplexA Brief

    Siel CHEMICAL COMPLEX, RAJPURA

  • 7/28/2019 Seil Cemical

    7/125

    SIEL CHEMICAL COMPLEX, RAJPURAA Brief

    Siel chemical complex (Earlier a Unit of Siel Limited) has floated a subsidiary

    company under the name and style of Siel Industrial Estate Limited for

    implementation of the Memorandum of understanding (MOU) between Siel

    Limited and Punjab Government for setting up an Industrial Estate of 1084 acres

    at Rajpura, District Patiala (Punjab). In terms of the MOU, Punjab Government

    would acquire the land and transfer unencumbered possession to the Company.

    The Government of Punjab has given Company possession of 540 acres.

    Siel Chemical Complex, a unit of Mawana Sugars Limited (formerly known as

    Siel Ltd.), belongs to one of the first and oldest business houses of India with a

    turnover of over Rs.200 crs. It is located at village Khadauli (now known as

    CHARATRAMPUR.) in Rajpura Town, district Patiala (Punjab) by acquiring

    land from Siel Industrial Estate Ltd. It is part of the overall development plan of

    the company to convert the entire land acquired into an industrial park.

    The unique technological status of Siel Chemical Complex has given it a

    distinctive edge, enabling it to produce a wide range of Chemicals that are vitally

    essential in the industry. Its vast and experienced industrial background has

    ensured its emergence as one of the largest integrated chemical units in India.

    Today, apart from manufacturing a wide range of chemicals under one roof, Siel

    Chemical Complex has also acquired state-oftheart technology and expertise

    to produce and market Caustic Soda, Stable Bleaching Powder and

    Chlorine.From its position of leadership in the industry, with an unparalleled

    standard of commitment to quality and customer satisfaction, Siel Chemical

    Complex has expanded its operations and market to over many countries abroad

  • 7/28/2019 Seil Cemical

    8/125

    COMPANY PROFILE

    MAWANA SUGARS LTD

    (FORMELY KNOWN AS SIEL ltd)

    Siel Chemical Complex (SCC)a Unit of Mawana Sugars Ltd

    Siel Chemical Complex is a Unit of Mawana Sugars Ltd. (Formerly known as Siel

    Ltd) with a gross turnover of about Rs. 200 Crores. It is located at Village

    Khadauli, (Charatrampur) in Rajpura town, District Patiala (Punjab).

    The unique technological status of SCC has given it a distinctive edge, enabling it

    to produce a wide range of chemicals that are vitally essential in the Industry.

    Today apart from a wide range of chemicals under one roof, SCC has also acquired

    a State of Art Technology and the expertise to produce and market Caustic Soda

    and Stable Bleaching Powder. Its vast and experienced industrial background hasensured its emergence as one of the largest integrated Chemical Units in India.

    SCC - AN ENVIORNMENT CARING COMPANY

    SCC is an environment caring company and has taken strict preventive measures to

    ensure minimum harm to environment. All the process stream carrying toxic gas

    having hazardous impact on the atmosphere is kept under vacuum so that in case of

    any accidental leakage of chlorine the entire gas is sucked and taken to waste air

    destruction.

  • 7/28/2019 Seil Cemical

    9/125

    MAJOR BUSINESS LINES MAWANA SUGARS LTD

    MAWANA SUGAR WORKS, UTTAR PRADESH

    Mawana Sugar Works (MSW) is located at Mawana, District Meerut, and Uttar

    Pradesh on Meerut-Hastinapur Road. It is about 25 kms away from Meerut. The

    capacity of this Unit is 12,000 TCD. (MSW) is an ISO 9001:2000 company.

    TITAWI SUGAR COMPLEX, TITAWI (UTTAR PRADESH)

    Titawi Sugar Complex is located at Titawi, District Muzaffarnagar Uttar Pradesh

    on Muzaffarnagar Shamli Road. It is about 15 kms from Muzaffarnagar. The

    capacity of this Unit is 10500 TCD with Suphitation (DS) process.

    NANGLAMAL SUGAR COMPLEX , NANGLAMAL (UTTAR PRADESH )

    Nanglamal Sugar Complex (NSC) is located at Nanglamal, District Meerut, and

    Uttar Pradesh. It is about 35 kms away from Meerut. The capacity of this Unit is

    7000 TCD.

  • 7/28/2019 Seil Cemical

    10/125

    ORGANISATIONAL BREAKUP

    (BUSINESS WISE)

    Mawana Sugars Ltd.

    SUBSIDIARIES ASSOCIATE CO.(UNITS)

    1. SFSL INVESTMENTS LTD. USHA INTERNATIONAL LTD.

    2. SIEL INDUSTRIAL

    ESTATE LTD.

    3. TRANSIEL INDIA LTD. JAY ENGINEERING

    WORKS LTD.

    4. SIEL FINANCIAL SERVICES

    5. SIEL EDIBLE OILS LTD.

  • 7/28/2019 Seil Cemical

    11/125

    MANUFACTURING PROCESS

    1. Chlorine and Caustic Soda are produced simultaneously when electricity is

    used to break apart a standard table salt molecule.

    2. The process starts with salt being dissolved in water stream to form brine.

    3. The brine is then treated to remove any impurities.

    4. The treated brine is then fed to the Cell Room- the place where electrolytic

    cell resides.

    5. The Cells are like big batteries with a positive Anode and negative Cathode.

    6. The electricity is passed through the brine solution. At the Anode Chlorine

    Gas is generated.

    7. The Chlorine is then cooled, dried, compressed, liquefied and stored.8. At the Cathode Caustic Soda and Hydrogen are generated.

    9. The Caustic Soda is forwarded to an evaporation system where the excess

    water is removed.

    10. The Hydrogen is normally fed to an on site boiler for stream generation.

  • 7/28/2019 Seil Cemical