03-07-2012, 11:34 AM
WORKING CAPITAL MANAGEMENT OF PUNJ LLOYD LTD.
finance-working capital-punj lloyad ltd..doc (Size: 391.5 KB / Downloads: 109)
Objective of the Project
The main objective of the project is to get knowledge about :
• The various aspects of working capital concept.
• Different sources of working capital, internal and external, available to the company for financing working capital.
• Main emphasis is on Bank Credits which is the most used method by companies.
• How the companies get the projects financed from the banks and other financial institutions.
METHODOLOGY
The report contains secondary data. The procedure to collect data is mainly through different reference books on financial management & working capital management along with the material provided by the company on the subject. The project is divided into three phases:
The initial phase of the project deals with an introduction to the working capital, factors determining working capital, adequacy of working capital & working capital management.
The next phase deals with working capital requirement forecasting and working capital financing. In this, different sources, either internal or external are explained.
The third phase explains the bank credit. This includes the major developments in bank credit available to the company for working capital requirements & recent changes along with the financing from financial institutions.
The next phases deal with modes of security, working capital control and banking policy, loan application. It also contains
The ending phase explains the proposal of working capital finance & working capital raised by Punj Lloyd Ltd.
INTRODUCTION TO PUNJ LLOYD
PLL MISSION STATEMENT
“ Unmatched speed is the essence of our enterprise.
We are an engineering construction company serving customers in hydrocarbon and infrastructure sectors in chosen global markets, delivering projects and services in pipelines, storage terminals, process plants, telecom and civil construction.”
PLL VISION STATEMENT
“ We strive to be highly efficient, enterprising and knowledge driven organization committed to customer satisfaction and rapid growth.
We shall create a spirit of teamwork and environment of care and openness in our working.”
Origin and Evolution
Punj Lloyd limited (PLL) was incorporated as Punj Lloyd engineering pvt. Ltd. On 26th September 1988with the specific aim of taking over all the engineering, turnkey & general construction activities along with other specialized technical services business of the erstwhile Punj Sons Pvt. Ltd. This had been in business since 1954. Punj Sons Pvt. Ltd. Was a large diversified business group engaged in activities ranging from general construction to specialized activities such as pipe laying, insulation etc.
Punj Lloyd Engineering Pvt. Ltd. was renamed Punj Lloyd Pvt. Ltd. on July 11, 1989. On conversion into a public limited company on 22nd July 1992 the name was changed to Punj Lloyd Ltd.
Services provided by Punj Lloyd ltd.
Punj Lloyd Ltd. is a total engineering construction company with activities including cross country pipelines, tank ages, cryogenic system, oil & gas, petrochemicals, oil & gas piping projects, piping jobs, industrial construction, effluent treatment, fertilizers, bridges, highway engineering, civil engineering, & construction for the power and irrigation, water supply, water treatment, distribution networks, on-shore & off-shore pipelines, infrastructure services, broadband services.
CORPORATE SOCIAL RESPONSIBILITY
The corporate philosophy of Punj Lloyd is to bring about an improvement of the lives of those less privileged than us. We care for the upliftment of communities not only in our own country but everywhere we work. Various initiatives taken by Punj Lloyd are:
• The biggest manifestation of our social responsibility is the ‘Dayawanti Punj Model School’, located between Varanasi and Allahbad, run by SNP Punj, Chairman (Emiratus) Punj Lloyd and established in 2003.The school has 600 students and 25 teachers of mainly backward class. Out of these hundred students, mainly girls get free education, books and school uniform under the “sponsorship scheme”. Punj Lloyd has contributed INR 32.30 lakhs to this venture in the current fiscal year.
• We take measures to protect neighboring communities from harmful effects of construction activities or pollution that may result from it at all our international and domestic sites. We generate employment for the locals, impart new skills to them through training to add value so that they become a part of our international multicultural, multi lingual workforce, improving local infrastructure, offering medical services to local communities, arranging for drinking water or water for irrigation areas.
• Health and safety of employees is of prime importance to us. Punj Lloyd’s aim is to eliminate any chances of accidents, harm to people or damage to the environment. We have achieved following safe man-hours without lost time injury at our sites. 16 million at Belgaum- Maharashtra, 4million each at Haldia, Turkey, 2.5 million in Georgia and 1 million in Oman. We have won IPLOCA Safety Award for the year 2004 on the basis of more than 1,500,000 safe man-hours worked, the prestigious Greentech gold award for safety for 2004-05, Five star rating from British Safety Council for our BTC project in Turkey, Safety Milestone Award for working more than 3,500,000 hours and safety award for initiation and exemplary performance of an Internal Safety Audit system in Kazakhstan, “good” rating for a 3.3 out of 4 score in Oman, this is the highest rating scored by a contractor for a PDO safety audit, and 6 consecutive awards in Panipat for the Best Safety Performance, the last of which was won in 2004.