20-08-2012, 01:58 PM
Kesoram Cement Industries Limited
kesoram project.docx (Size: 103.25 KB / Downloads: 46)
INTRODUCTION
BUDGET:
Budget is essential in every walk of our life – national, domestic and Business. A budget is prepared to have effective utilization of funds and for the realization of objective as efficiently as possible. Budgeting is a powerful tool to the management for performing its functions i.e., formulation plans, coordination activities and controlling operations etc., efficiently. For efficient and effective management planning and control are tow highly essential functions. Budget and budgetary control provide a set of basic techniques for planning and control.
A budget fixes a target in terms of rupees or quantities against which the actual performance is measured. A budget is closely related to both the management function as well as the accounting function of an organization.
As the size of the organization increases, the need for budgeting is correspondingly more because a budget is an effective tool of planning and control. Budget is helpful in coordinating the various activities (such as production, sales, purchase etc) of the organization with result that all the activities precede according to the objective. Budgets are means of communication. Ideas of the top management are given the practical shape. As the activities of various department heads are coordinated at the much needed for the very success of an organization. Budget is necessary to future to motivate the staff associated, to coordinate the activities of different departments and to control the performance of various persons operating at different levels.
PROFILE OF THE INDUSTRY
The 85-years old Indian cement industry is one of the cardinals and basic infrastructure which enjoys core sector status and play a crucial role in the economic development and growth of a country. Being a core sector this industry was subject to price and distribution controls almost uninterruptedly from world war-II when government of India announced the partial decontrol of price and distribution as the market price of cement began to raise response to decontrol manufacturing cement became increasingly attractive and the industry experienced substantial expansion.
As the supply in response to the 1982 partial decontrol was significant in March 1989, price and distribution control were finally dispensed with it was one of the first major industries in the country to be so deregulated.
OVERVIEW OF THE INDUSTRY
The word cement means any substance applied for sticking things. But cement is the most vital and important material for modern construction as a binding agent. In the ancient times, clay, bricks and stones have been used for construction work.
The Romans were using a binding or cementing Material that would harden under water. The first systematic effort was made by “SMEATION” who under took the erection of a new lighthouse in 1756. He observed that the production obtained by burning limestone was the best cementing material for work under water.
After Fifty years UICAT a French Chemist, produced hydraulic cement by burning finely ground clay and clay and used it in the paste. Cement invented by JOSEPH ASPDIN in 1824. Since hardened cement paste resembled Portland stone found in England in color, he named it as “Portland Cement” a name, which has carried over the century. Portland cement was first manufactured in United States of America in 1975.
INDIAN CEMENT INDUSTRY – PRESENT STATU
After the declining of the industry in July 1991 it reacted positively to the policy changes. New capacities created and the volume of production increased. Form a situation of improving cement, the country started exporting due to high quality and cost effectiveness. After liberalization the black market in cement also disappeared. Currently India stands second largest in the cement production worldwide after China. On the other hand per capita consumption in India is only books as compared to the world average of 260kgs. The industry has S 9 companies owning 11 S plants. In the matters of exports the government considers cement as an extreme focus area. However Indian cement in the global market is not very competitive due to high power and full costs. In order to improve its position in the international market, technological up gradation is essential in terms of process, product diversification cost reduction, quality control and energy saving.
kesoram project.docx (Size: 103.25 KB / Downloads: 46)
INTRODUCTION
BUDGET:
Budget is essential in every walk of our life – national, domestic and Business. A budget is prepared to have effective utilization of funds and for the realization of objective as efficiently as possible. Budgeting is a powerful tool to the management for performing its functions i.e., formulation plans, coordination activities and controlling operations etc., efficiently. For efficient and effective management planning and control are tow highly essential functions. Budget and budgetary control provide a set of basic techniques for planning and control.
A budget fixes a target in terms of rupees or quantities against which the actual performance is measured. A budget is closely related to both the management function as well as the accounting function of an organization.
As the size of the organization increases, the need for budgeting is correspondingly more because a budget is an effective tool of planning and control. Budget is helpful in coordinating the various activities (such as production, sales, purchase etc) of the organization with result that all the activities precede according to the objective. Budgets are means of communication. Ideas of the top management are given the practical shape. As the activities of various department heads are coordinated at the much needed for the very success of an organization. Budget is necessary to future to motivate the staff associated, to coordinate the activities of different departments and to control the performance of various persons operating at different levels.
PROFILE OF THE INDUSTRY
The 85-years old Indian cement industry is one of the cardinals and basic infrastructure which enjoys core sector status and play a crucial role in the economic development and growth of a country. Being a core sector this industry was subject to price and distribution controls almost uninterruptedly from world war-II when government of India announced the partial decontrol of price and distribution as the market price of cement began to raise response to decontrol manufacturing cement became increasingly attractive and the industry experienced substantial expansion.
As the supply in response to the 1982 partial decontrol was significant in March 1989, price and distribution control were finally dispensed with it was one of the first major industries in the country to be so deregulated.
OVERVIEW OF THE INDUSTRY
The word cement means any substance applied for sticking things. But cement is the most vital and important material for modern construction as a binding agent. In the ancient times, clay, bricks and stones have been used for construction work.
The Romans were using a binding or cementing Material that would harden under water. The first systematic effort was made by “SMEATION” who under took the erection of a new lighthouse in 1756. He observed that the production obtained by burning limestone was the best cementing material for work under water.
After Fifty years UICAT a French Chemist, produced hydraulic cement by burning finely ground clay and clay and used it in the paste. Cement invented by JOSEPH ASPDIN in 1824. Since hardened cement paste resembled Portland stone found in England in color, he named it as “Portland Cement” a name, which has carried over the century. Portland cement was first manufactured in United States of America in 1975.
INDIAN CEMENT INDUSTRY – PRESENT STATU
After the declining of the industry in July 1991 it reacted positively to the policy changes. New capacities created and the volume of production increased. Form a situation of improving cement, the country started exporting due to high quality and cost effectiveness. After liberalization the black market in cement also disappeared. Currently India stands second largest in the cement production worldwide after China. On the other hand per capita consumption in India is only books as compared to the world average of 260kgs. The industry has S 9 companies owning 11 S plants. In the matters of exports the government considers cement as an extreme focus area. However Indian cement in the global market is not very competitive due to high power and full costs. In order to improve its position in the international market, technological up gradation is essential in terms of process, product diversification cost reduction, quality control and energy saving.