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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.)
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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
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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
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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
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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
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CHAPTER -1
Siel Chemical ComplexA Brief
Siel CHEMICAL COMPLEX, RAJPURA
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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
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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.
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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.
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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.
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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.
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