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Its all about

Imagineering.

Summer internship
Report submitted to

GTU

VIKAS PUROHIT

11/MBA/086

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

ACKNOWLEDGEMENT

I VIKAS PUROHIT highly thankful to all


persons whom are provided their
precious time, knowledge and support
during my summer project.
This
project had been a great learning
experience for me and the below
mentioned people were some of the
few who played a significant role in
making it so.

I am highly obliged to Mr. DHAVAL


DEKIVADIYA (Cluster FA&A) and Mr.
S.K.ROY (Manager - HR) for giving me
the permission to undergo training in
Larsen & Toubro Ltd.
AHMEDABAD INSTTITUTE OF

TECHNOLOGY

I am also thankful to Mr. DHAVAL


DEKIVADIYA (FINANACE MANAGER) who
helped me accomplishing my summer
project.

I am also thankful to all my faculty


members of AIT for imparting in us all
knowledge and skills required at a work
place along with the practical exposure
to management world.

Yours Sincerely
(Vikas Purohit)

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

PREFACE
This is a small project report
composed while under taking SUMMER
training at Larsen & Toubro Ltd.. The
report consist information of the fund
management under CMS system of
techno park site (Baroda), how it works
and how manages its daily cash
management

The main aim of the training is to


observe
and
understand
the
management
involved
in
the
organization and its implementation at
various tasks and places. Again it is
the part of our academic session of my
M.B.A. Program.

Every effort has been made to avoid


errors or omissions in this report.
AHMEDABAD INSTTITUTE OF
TECHNOLOGY

However any errors or mistakes if


possibly found may be a result of
instrument or human error and must
be neglected and I oblige for this. The
data and other materials depicted in
this report is correct as far as my
knowledge is concerned still chances of
error persists.

Last but not least I am thankful to all


the authorities of Larsen & Toubro
Ltd. who offered me the chance of
undertaking summer training project
under their organization.

(Vikas Purohit).

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

EXECUTIVE SUMMARY
This is a small report on summer
training
project
undertaken
at
Larsen & Toubro Ltd.
At B/H
Rajpath
Club
9th
Avenue
S.G.Highway. The report is about
general
information
and
Fund
management under CMS system of
sites in L&T (ECC) division.

Since
it
is
Project
Based
Organization at dislocated areas the
daily
fund
monitoring
and
management plays a vital role. There
AHMEDABAD INSTTITUTE OF

TECHNOLOGY

are lots of costs saving majors


available In CMS system which helps
the organization (L&T) to save their
financing cost over the period of
time.

Company Profile
Larsen

and

Toubro

Conglomerate,
with
Diverse
Construction,

is

an

Interests
Hydraulic

India-based
Such

as

Equipment,

Electrical and Electronic Power Services,


Fertilizer
Financial

Projects,
Services

Medical
and

Electronics,
Information

Technology. It Generates Almost 85% of Its


Revenue from The Construction Business.

History

o Larsen & Toubro was founded in


Mumbai In 1938 By Two Danish

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

Engineers, Henning Holck-Larsen and


SorenKristian Toubro.
o Beginning with the import of
machinery from Europe, the company
rapidly took on engineering and
construction assignments of increasing
sophistication. Today, the company
sets Global engineering benchmarks in
terms of Scale and complexity.

Offices and Customers


o Apart From Several Offices In India, the
Company Has Offices In The USA, Europe,
Middle East and Japan.
o The Customer Profile Of The Engineering
Construction & Contracts Division of L&T
Includes Samsung, Chevron, Bechtel,
Kvaerner, Pirelli, Siam Michelin, Goodyear
etc.

L&T ECC Division

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

o ECC - The Construction Division Of Larsen &


Toubro Limited - Is India's Largest Construction
Organization. Many Of The Country's Prized
Landmarks - Its Exquisite buildings, Tallest
Structures, Largest Industrial Projects, Longest
Flyover, Highest Viaducts - Have Been Built By
ECC.
o Leading-Edge Capabilities Cover Every Discipline
Of Construction: Civil, Mechanical, Electrical and
Instrumentation.
o As a Division Of L&T, ECC Has The Resources To
Execute Projects Of Large Magnitude and
Technological Complexity In Any Part Of The
World.
o The business of ECC Division is organized in six
Business Sectors Which will primarily be
Responsible for Technology Development,
Business Development, International Tendering
and work as Investment Centres.
o ECC Division's Head Quarters in Chennai, India.
In India, 7 Regional Offices and over 250 project

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

sites. In overseas It Has offices in Gulf and Other


overseas Locations.

Turnkey Capabilities
o ECC is equipped with the Requisite Expertise and
wide-ranging Experience to Undertake Lumpsum
Turnkey (LSTK) Contracts with single-source
Responsibility.
o LSTK Assignments are Executed using state-ofthe-art design tools and Project Management
techniques.
o ECCs track Record of Projects Cover every
Industrial Sector and Infrastructure Development
Projects.

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

Managing an Entitys Resources


THE
MANAGE
R
Resource
Decisions

Investment
Decisions
Operating
Decisions
Human
Resources
Decisions
Information
TECHNOLOGY
Financing
Decisions

Cash Management
Inventory Management
Working Capital
Management

Life cycle
effects,
Business cycle,
public events,
etc.

Recruitment, Selection
Training,
Economics
Productivity
of Information

Cash
Inflows

Performance
Database Management
Appraisal

Value
Operati
creation

Compensation
Data Modeling
AHMEDABAD INSTTITUTE
OFof
Cost

Financial
market

Unions
IS
Debt
Planning
vs.
&Tax
Labor
&
Relations
Development
Financing

Discount
Capital
Rate

ng

Decisio
ns

FUND MANAGEMENT
A PERSPECTIVE CORPORATE FINANACE, L&T HOUSE.

The Larsen & Toubro (L&T) is one of the


Largest company in the world having various
divisions and sub-divisions created for different
Purposes to Meet the Requirement of the
Business Operations.

Every division is having two bank accounts, one


for collections and second for disbursements.

In these two bank accounts all the transactions


are being made including some of the special
transactions.

For all the divisions l&t is having centralised


managed accounts in which l&t house is the
main controller body of finance.

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

One Current account is to be opened with


Service Provider Bank at each Region which will
be known as Hub account.

First we are Considering the Engineering


Construction Company [ECC] as one of the
Organization Division [OD] of L&T.

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

L&T CMS SYSTEM

DISBURSEMEN
T A/C

L&T HOUSE
HUB ACCOUNT

COLLECTION
A/C
SUB-DIVISION A/C

OD(ECC)

DISUBERSEME
NT A/C
COLLECTION
A/C

REGION A/C

DELHI

CENAI

KLKAT
A

MUMBA
I

A'BA
D

B'LOR

H'BAD

(ALL THE REGION HAVE


TWO A/C)

METRO SITE

DISBURSEMEN
T A/C
COLLECTION
A/C

SITE
1
2
3

NON-METRO
SITE

DISBURSEMEN
T A/C
COLLECTION
A/C

RS(LAC)
1
2
4

6
4
5 7

20

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

ALL THE FUND ARE TRANCFER AT THE END OF DAY IN L&T


HUB ACCOUNT

O/D [ECC]
1)

METRO SITEs (Citi CMS):Sites Which are Performing Work in the


Main City Area.

The list of metropolitan cities is as under.


1) Delhi
2) Chennai
3) Kolkata
4) Mumbai
5) Ahmedabad
6) Bangalore
7) Hyderabad
The fund requirements of Organization
Division in metropolitan cities are being
satisfied by Citi Bank by providing overdraft
/ cash credit facilities.
In normal practices metropolitan cities are
having their both bank accounts with Citi
AHMEDABAD INSTTITUTE OF
TECHNOLOGY

Bank and that of non-metropolitan cities


with Axis Bank.
Among the above Metro-Politian Cities our
project is based on Ahmedabad Region.
In this job the L&T O/D [ECC] is managing
its Funds under CMS (cash management
system).

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

MODALITY OF CMS OPERATION AT


Techno Park site (Baroda).
Current account is to be opened with Service
Provider bank at each Region which will be known
as Hub Account. There will be a current bank
account for each site with debit sweep facility.
Bank balance at the end of the day will get Swept
to the respective regions hub account
At the end of the day balance as per bank records
in all these job sites will become nil(0).region has
to ensure that the sites inform on a daily basis the
amount of cheques that are expected to hit the
bank account.

Specimen given below 1.1

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

LARSEN & TOUBRO LIMITED - ECC DIVISION


ECCD - DAYWISE EXPECTED CASH FLOWS
For the week:

11th June '12 to 16th June '12

Unit:

ABRO

Site :

Techno Park (Baroda)


Rs in Lacs

DATE/DAY

ACCOUNTING CENTRES

AMT

11-Jun-12

CREDIT (All Collections)

Monday

DEBIT (for region / site remittances)

400

DEBIT (SSC)

705

12-Jun-12

CREDIT (All Collections)

360

Tuesday

DEBIT (for region / site remittances)

1105

DEBIT (SSC)

359

13-Jun-12

CREDIT (All Collections)

270

Wednesday

DEBIT (for region / site remittances)

150

DEBIT (SSC)

120

14-Jun-12

CREDIT (All Collections)

Thursday

DEBIT (for region / site remittances)

758

DEBIT (SSC)

297

15-Jun-12

CREDIT (All Collections)

380

Friday

DEBIT (for region / site remittances)

1055

20

DEBIT (SSC)

360

16-Jun-12

CREDIT (All Collections)

70

Saturday

DEBIT (for region / site remittances)

30

DEBIT (SSC)

40

AHMEDABAD INSTTITUTE OF
TECHNOLOGY CREDIT (All Collections)
TOTAL

DEBIT (for region / site remittances)


DEBIT (SSC)

3,240
(1,360)
(1,880)

TRANSFER OF FUNDS TO Techno Park


(Baroda).

First of all the job sites will be given cheque books


issued by the service provider bank which can be
used for making payments directly from job sites
after obtaining sanction from the concerned
regional offices on a daily basis. Regional offices
advice to draw their fund requirements.
Since cheque books are given to job sites, regional
offices will have to monitor the debit sweeps in
their accounts on a daily basis and Ensure that the
Same Is Within The Limit Sanctioned By Them To
The Job Sites.
LARSEN & TOUBRO LIMITED - ECC DIVISION
TECHNOLOGY PARK - PHASE I BARODA
Details of cheques being issued on 13.04.2012
`

BANK: CITI BANK, BARODA

A/C No.
50005038

Sl. Cheque
No.
No.

Amount
( Rs. )

1
2

3631
3632

Date
01.05.1
2
03.05.1

Favouring
YUGADHARMA TRADERS
SOHAM INFOTECH
AHMEDABAD INSTTITUTE OF

TECHNOLOGY

7858
9123

3633

3634

3635

3636

3637

8
9

3638
3639

10

3640

11

3641

12

3642

13

3643

14

3644

15

3645

16

3646

17

3647

18

3648

19

3649

20
21

3650
3651

2
05.05.1
2
06.05.1
2
07.05.1
2
08.05.1
2
09.05.1
2
10.05.1
2
11.05.12
12.05.1
2
12.05.1
2
12.05.1
2
13.05.1
2
14.05.1
2
14.05.1
2
14.05.1
2
14.05.1
2
21.05.1
2
22.05.1
2
23.05.1
2
24.05.1

BAKSHIS SINGH MATHARU


R M ENTERPRISE
JOHNSON CONTROL INDIA PVT
LTD
PYRAMID TECHNOLOGIES
VEGL
MAHOBAT TOURS & TRAVELS
SHREE BALAJI FURNITURES

520103
2260838
346871
2695
3120
463387

FLOOR FURNISHERS
STAR REFRIGERATION SALES &
SERVICE

31733

TRADE LINK

22193

SHIVAM ENGINEERING

4167

256836

RUBI CONSTRUCTION

11968

MADANLAL S CHAUDHARY

19950

MALIK ENGINEERING WORKS

396108

GANESHBHAI AMBALAL PARMAR

17999

ALLIANZ INDUSTRIAL SERVICES

258288

AJAY PRAJAPATI
HARIOM CONSTRUCTION CO
NATURAL GRANITES
AHMEDABAD INSTTITUTE OF

TECHNOLOGY

99562

15517
140656
118423

22

3652

23

3653

24

3654

25

3655

26

3656

2
25.05.1
2
26.05.1
2
27.05.1
2
28.05.1
2
29.05.1
2

GUJARAT CEMENT CARRIERS

179481

AKAR ENTERPRISE

158372

MAYUR ENTERPRISES
PANKAJ AMBALAL PATEL
PRADEEP SINGH CHOONDAWAT

TOTAL AMOUNT OF CHEQUES BEING ISSUED

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

17500
4200
350
5367298

Working Capital Management


Working capital is money required for investment in
short term assets, e.g
* Materials (steel / cement, etc.)
* Spares
* Consumables
* Day-to-day expenses (overheads)
* Credit sales to customers etc.
The way working capital moves around the business
is modeled by the working capital cycle. This shows
the cash coming into the business, what happens to it
while the business has it and then where it goes.

Operating

AHMEDABAD INSTTITUTE OF

TECHNOLOGY

Working capital is the excess of current assets over current


liabilities

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

Fund requirements:

The expenses which will be incurred for the next specified


period are to be estimated so that the funds can be
available at the time of job / work and can be Utilized /
Expended for purchase of any Materials / Equipments.
The specimen is given below 1.3

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

LARSEN & TOUBRO LIMITED (ECC Div) - ABRO

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

ABBK 3651: TECHNO PARK BARODA


WE FURNISH BELOW THE DETAILS OF FUND
REQUIREMENT FOR THE MONTH OF MAY'2012
(Rupees in Lacs)

Week
1

Sr.
No.
A

PARTICULARS

1 to 6

MAY'12

Wee
k2

Wee
k 3

Wee
k 4

7 to
13
MAY'1
2

14 to
20

21 to
27

MAY'1
2

MAY'1
2

WAGES:1
. Workmen (Regular Supply)
2 Cooks Wages etc
Sweepers(Office/Mess) &
3 Cleaning Materials

0.10

0.10

0.05

0.05

0.15
B

Total

0.15

Salary & Other OH Exp:1


. OPE

0.75

0.75

2 Salary & Other


3 House Rent

12.50
0.70

4 Hotel Bills etc


5 TES & Medical claims

7 Telephone Bill
8 Xerox Expenses

0.70
-

6 Tea,Tiffin, etc

0.05
0.10

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

12.50

0.05
0.10

0.10
9
1
0
1
1
1
2
1
3

Stationery & Printing Charges

0.10

0.10

Xerox Expenses
Freight for o/g matls incl
Household of staff

0.05

0.05

0.50
0.50

Other misc. Expenses


0.05

0.65

13.0
0

0.50
15.85

Hired Vehicles:0.25
-

0.50
0.50

1 Vehicle Hire Charges

0.50

Taxes

2.15
C

0.10

0.25

0.25
-

0.25

SUPPLIERS
1
. Diesel /Oil / Grease

0.15

2 Construction Material

20.00

3 Small Tools

4 Heavy Tools

5 Consumables

1.00

1.00

6 Spares

0.10

0.10

7 Repairing
SUB CONTRACTORS :-

0.25

0.25

1 Sub-Contractors

300.0
0

0.15
20.00

300.0 250.0
0
0

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

8
50.00

2 Hired Equipment

3 Security Services

0.50

0.50

3
00.00

300.5
0

250.0
0

3
23.80

300.8
0

250.6
5

A
. GRAND TOTAL (IN LACS)
B LESS : PAYMENTS FROM
. ABRO

3
23.80

300.8
0

250.6
5

C NET AMOUNT REQD AT


. TECHNO PARK, BARODA

3
03.80

GRAND TOTAL :-

8
50.50

13.00

88
8.25

13.00

88
8.25
3

20.00

300.8
0

250.6
5

FUNDS ELIGIBILITY OF TECHNO PARK


(BARODA).
AHMEDABAD INSTTITUTE OF
TECHNOLOGY

12.50
0.50

2.50
85
5.75

Fund eligibility of each job will be monitored by the


Regional office in the same way as head quarter
Regions Eligibility i.e. by comparing the Actual
Opening working capital for the year with the
Month-end budgeted working capital.
(Specimen Given below 1.4)

LARSEN & TOUBRO LIMITED - ECC DIVISION


TECHNOLOGY PARK - PHASE I BARODA
Workings of Funds Eligibility
AHMEDABAD INSTTITUTE OF
TECHNOLOGY

Stock
Bulk Materials
Consumables
Small Tools
Spares
Heavy Tools
Special Items & Electrical Items

3
1
1
2
2
1

10

II

Cash & Bank Balance

III

Deposits (Telephone,Elec,Etc.)

IV

O/s
Billed (Cumm.)

224

Payment Recd
Recoveries

201
11

Net O/s.

12

Cumm. Cost
Cost > Invoice

230
6

Total Current Assets


I
II
III
a
b

(+)

Unadjusted Mob.Advance & Plant adv


Unadjusted Mat. Advance
Vendor Balances as per Book

4
3

Debit
Credit
Net Balance (b-a)

-1.25
4.25

Total Current Liabilities

(-)

Working Capital

10
22

STATEMENT OF BANK ACCOUNTS.

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

32

All Reports and Communication including bank


Statement will be sent by service provider bank on
a daily basis to The Regional office of site Techno
Park (Baroda) Through E-mail.
The Region will get a Statement/Report of the Hub
Account which will contain sites wise debit/hits for
a Particular day along with the amount of Deposits
Region Puts in its Books for Those Hits.
STATEMENT OF ACCOUNT NO. 0040025014
LARSEN & TOUBRO LTD (BARODA)
Disbursement Account.
FROM 01-05- 2012

TO 31-05- 2012

DATE

DESCRIPTION

01.MAY 2012

BALANCE BROUGHT FORWARD


DEBIT INTEREST||CUST REF
NO:D080000040025014||TRN REF NO:D08DS61INR
00001
MI CLG CHQ||WITHAWAL||CHECK/REF.001008||
RAVI CONSTRUCTION CO.||TRN REF
NO:D084820080320002
MI CLG CHQ||WITHAWAL||CHECK/REF.001089||PSL
Limited||TRN REF NO:D104767080320003
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 01.FEB 2008
CASH CHECK||CHECK/REF.001114||cash wdl jpr||
TRN REF NO:D104780080350003
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001

01.MAY 2012
01.MAY 2012
01.MAY 2012
01.MAY 2012
01.MAY 2012
04.MAY 2012
04.MAY 2012

DEBIT AMT

0.00
-49.98
-218,335.00
-8,207,538.00
8,425,922.98
0.00
-50,000.00

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

CREDIT
AMT

50,000.00

04.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
06.MAY 2012

BALANCE AS ON 04.FEB 2008


HIGH VALUE CLG CHQ||WITHAWAL||
CHECK/REF.001107||shree laxmi engineering||TRN
REF NO:D10476708036000K
MI CLG CHQ||WITHAWAL||CHECK/REF.001095||
AJAY KUMAR SHUKLA||TRN REF
NO:D104767080360006
MI CLG CHQ||WITHAWAL||CHECK/REF.001110||
PRAKASH S MORE||TRN REF
NO:D104767080360005
MI CLG CHQ||WITHAWAL||CHECK/REF.001094||
ARVIND A SHARMA||TRN REF
NO:D104767080360004
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001

06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
08.MAY 2012
08.MAY 2012
08.MAY 2012

-302,820.00
-104,884.00
-237,328.00
-344,224.00
989,256.00
0.00

BALANCE AS ON 05.FEB 2008


MI CLG CHQ||WITHAWAL||CHECK/REF.001113||
hanuman
sahay choudhary||TRN REF NO:D10476508037000J

06.MAY 2012

0.00

MI CLG CHQ||WITHAWAL||CHECK/REF.001108||
shree laxmi engg||TRN REF NO:D10476508037000G
MI CLG CHQ||WITHAWAL||CHECK/REF.001106||suraj
prakash yadav||TRN REF NO:D10476508037000H
MI CLG CHQ||WITHAWAL||CHECK/REF.001109||
tarachanra kumar||TRN REF NO:D10476508037000K
MI CLG CHQ||WITHAWAL||CHECK/REF.001093||gi
india security||TRN REF NO:D10476508037000I
MI CLG CHQ||WITHAWAL||CHECK/REF.001102||
rajesh tiwari||TRN REF NO:D10476508037000F
MI CLG CHQ||WITHAWAL||CHECK/REF.001097||
manish industries||TRN REF NO:D10476508037000D
MI CLG CHQ||WITHAWAL||CHECK/REF.001104||sai
ambey organisation||TRN REF
NO:D10476508037000E
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 06.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001121||
SAMPATI RAWAT||TRN REF NO:D104767080390003
MI CLG CHQ||WITHAWAL||CHECK/REF.001136||
INDU TANWANI||TRN REF NO:D104767080390005
MI CLG CHQ||WITHAWAL||CHECK/REF.001127||
KALPANA SAXENA||TRN REF
NO:D104767080390004

-24,619.00
-25,579.00
-45,999.00
-68,057.00
-75,202.00
-136,172.00
-341,267.00
-489,514.00
1,206,409.00
0.00
-3,300.00
-4,290.00
-5,100.00

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

08.MAY 2012
08.MAY 2012
09.MAY 2012
09.MAY 2012

STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN


REF NO:D08SISI052520001
BALANCE AS ON 08.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001137||
ALOK GROVER||TRN REF NO:D104767080400006
MI CLG CHQ||WITHAWAL||CHECK/REF.001123||
DINESH CHAND GUPTA||TRN REF
NO:D104767080400005
INSPECTION||SERVICES||TRN REF
NO:D084820080400003

09.MAY 2012
09.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
13.MAY 2012

STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN


REF NO:D08SISI052520001
BALANCE AS ON 09.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001138||
durga singh rajawat||TRN REF
NO:D104767080420002
MI CLG CHQ||WITHAWAL||CHECK/REF.001133||dr pc
dutta||TRN REF NO:D104767080420004
MI CLG CHQ||WITHAWAL||CHECK/REF.001130||priya
jain||TRN REF NO:D104767080420005
MI CLG CHQ||WITHAWAL||CHECK/REF.001101||TO
PANJAK MITTAL||TRN REF NO:D094815080420001
MI CLG CHQ||WITHAWAL||CHECK/REF.001140||PSL
limited||TRN REF NO:D104767080420003
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 11.FEB 2008
HIGH VALUE CLG CHQ||WITHAWAL||
CHECK/REF.001143||arvind a sharma||TRN REF
NO:D10476708043000L
MI CLG CHQ||WITHAWAL||CHECK/REF.001122||
pavender bindal||TRN REF NO:D104767080430004
MI CLG CHQ||WITHAWAL||CHECK/REF.001141||hotel
jaipur ashok||TRN REF NO:D104767080430003
INHOUSE CHEQUE PAID||CHECK/REF.001144||
earth tech engineer &||contractors||TRN REF
NO:D104778080430009
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 12.FEB 2008
CASH CHECK||CHECK/REF.001154||cash wdl jpr||
TRN REF NO:D104780080440001

12,690.00
0.00
-1,685.00
-2,100.00
-89,116.00
92,901.00
0.00
-2,100.00
-4,000.00
-4,700.00
-26,089.00
-8,207,537.00
8,244,426.00
0.00
-198,187.00
-2,100.00
-9,092.00
-507,088.00
716,467.00
0.00
-50,000.00

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

13.MAY 2012
13.MAY 2012
13.MAY 2012
13.MAY 2012
14.MAY 2012
14.MAY 2012
14.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
18.MAY 2012
18.MAY 2012
18.MAY 2012
18.MAY 2012
19.MAY 2012
19.MAY 2012
19.MAY 2012

MI CLG CHQ||WITHAWAL||CHECK/REF.001126||
ALAK NANDA NAAGAR||TRN REF
NO:D10476708044000A
MI CLG CHQ||WITHAWAL||CHECK/REF.001112||
RAHISAN KHAN||TRN REF NO:D10476708044000B
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 13.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001142||TATA
TELESERVICES LTD||TRN REF
NO:D104767080450005
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 14.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001132||dr
rajendra singh||TRN REF NO:D104765080460009
MI CLG CHQ||WITHAWAL||CHECK/REF.001134||col
subhash chandra tyagi||TRN REF
NO:D104765080460008
MI CLG CHQ||WITHAWAL||CHECK/REF.001151||
prachi stationers||TRN REF NO:D104765080460006
MI CLG CHQ||WITHAWAL||CHECK/REF.001149||
subhash general store||TRN REF
NO:D104765080460007
MI CLG CHQ||WITHAWAL||CHECK/REF.001153||
gulab service station||TRN REF
NO:D10476508046000A
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 15.FEB 2008
CASH CHECK||CHECK/REF.001160||cash wdl jpr||
TRN REF NO:D104780080490002
MI CLG CHQ||WITHAWAL||CHECK/REF.001152||hotel
jaies||TRN REF NO:D104767080490001
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 18.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001150||
VIJAY GRAPHIC||TRN REF NO:D104767080500006
MI CLG CHQ||WITHAWAL||CHECK/REF.001096||
MANGALA ENGG CONSTRUCTION||TRN REF
NO:D08482008050000E
BALANCE AS ON 19.FEB 2008

-3,700.00
-26,592.00
80,292.00
0.00
-23,665.00
23,665.00
0.00
-4,000.00
-5,000.00
-5,584.00
-11,867.00
-82,418.00
108,869.00
0.00
-50,000.00
-4,510.00
54,510.00
0.00
-1,100.00
-81,636.00

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

0.00

20.MAY 2012
20.MAY 2012
20.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
23.MAY 2012
23.MAY 2012
23.MAY 2012
23.MAY 2012

MI CLG CHQ||WITHAWAL||CHECK/REF.001129||
Himmat singh meena||TRN REF
NO:D104767080510002
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001

-5,000.00
5,000.00

BALANCE AS ON 20.FEB 2008


MI CLG CHQ||WITHAWAL||CHECK/REF.001147||
ANJALI FURNITURE CENTRE||TRN REF
NO:D104767080520005
MI CLG CHQ||WITHAWAL||CHECK/REF.001167||
ANJALI FURNITURE CENTRE||TRN REF
NO:D104767080520006
MI CLG CHQ||WITHAWAL||CHECK/REF.001161||
ABHISHEK INDUSTRIES||TRN REF
NO:D104767080520004
INHOUSE CHEQUE PAID||CHECK/REF.001176||
COASTAL INFRA||TRN REF NO:D10476508052000P
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 21.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001163||
Novelty hardwares||TRN REF NO:D104767080530001
MI CLG CHQ||WITHAWAL||CHECK/REF.001120||
SATISH KUMAR VASISTHA||TRN REF
NO:D104767080530004
MI CLG CHQ||WITHAWAL||CHECK/REF.001169||
ASHOKA HOLIDAYS PVT LTD||TRN REF
NO:D104767080530002
MI CLG CHQ||WITHAWAL||CHECK/REF.001145||HI
TECH INDUSTRIAL CORP||TRN REF
NO:D104767080530003
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 22.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001159||
HOTEL KAN CHEN DEEP||TRN REF
NO:D104767080540006
MI CLG CHQ||WITHAWAL||CHECK/REF.001171||
AIRTEL AC
MI CLG CHQ||WITHAWAL||CHECK/REF.001177||TATA
TELESERVICES LTD||TRN REF
NO:D104767080540001
MI CLG CHQ||WITHAWAL||CHECK/REF.001170||
HOTEL JAIES||TRN REF NO:D104767080540002

0.00
-1,556.00
-3,112.00
-47,737.00
-1,222,539.00
1,274,944.00
0.00
-3,909.00
-4,800.00
-5,382.00
-6,259.00
20,350.00
0.00
-1,937.00
-2,258.00
-2,770.00
-5,098.00

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

23.MAY 2012
23.MAY 2012
23.MAY 2012
23.MAY 2012
25.MAY 2012
25.MAY 2012
25.MAY 2012
25.MAY 2012
25.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
28.MAY 2012
28.MAY 2012
28.MAY 2012
28.MAY 2012
28.MAY 2012

MI CLG CHQ||WITHAWAL||CHECK/REF.001174||
RAJESH TIWARI||TRN REF NO:D104767080540004
MI CLG CHQ||WITHAWAL||CHECK/REF.001111||
AGARWAL TRANSPORT SERVICE||TRN REF
NO:D104767080540005
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 23.FEB 2008
MI CLG CHQ||WITHAWAL||CHECK/REF.001131||
SONI HOSTEL||TRN REF NO:D104767080560004
MI CLG CHQ||WITHAWAL||CHECK/REF.001166||
HITESH ELECTRONICS||TRN REF
NO:D104767080560003
MI CLG CHQ||WITHAWAL||CHECK/REF.001173||
SHIVAM JAIPURI||TRN REF NO:D104767080560002
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 25.FEB 2008
CASH CHECK||CHECK/REF.001181||CASH WDL
JPR||TRN REF NO:D104780080570001
MI CLG CHQ||WITHAWAL||CHECK/REF.001175||kab
con services||TRN REF NO:D10476708057000A
MI CLG CHQ||WITHAWAL||CHECK/REF.001168||
subhash general store||TRN REF
NO:D10476708057000B
MI CLG CHQ||WITHAWAL||CHECK/REF.001156||
KAMAR INFRASTRUCTURE||TRN REF
NO:D016051080570012
MI CLG CHQ||WITHAWAL||CHECK/REF.001172||
KAMAR INFRASTRUCTURE||TRN REF
NO:D016051080570011
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
BALANCE AS ON 26.FEB 2008
CASH CHECK||CHECK/REF.001182||cash wdl jpr||
TRN REF NO:D104780080590001
MI CLG CHQ||WITHAWAL||CHECK/REF.001135||
RAMAWATI DEVI SHARMA||TRN REF
NO:D10476708059000E
MI CLG CHQ||WITHAWAL||CHECK/REF.001165||
JALAN WELDING & HARDWARE||STORE||TRN REF
NO:D10476708059000D
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 28.FEB 2008

-38,193.00
-56,545.00
106,801.00
0.00
-2,500.00
-2,791.00
-36,086.00
41,377.00
0.00
-80,000.00
-5,529.00
-23,384.00
-165,743.00
-266,010.00
540,666.00
0.00
-80,000.00
-2,000.00
-6,718.00

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

88,718.00
0.00

29.MAY 2012
29.MAY 2012

MI CLG CHQ||WITHAWAL||CHECK/REF.001179||
gulab service station||TRN REF
NO:D104767080600001
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001

-60,984.00
60,984.00

LARSEN & TOUBRO LIMITED - TECHNO PARK (BARODA)


Bank A/c No (Disbursement):- 0040025014
Bank Reconciliation Statement As On 31.05.2012

Amou
nt
( Rs.)

Particulars

(478,32
6)

Balance as per Bank Book / Cash Book

A) Cheques issued but not presented for payment


3651
3652
3653
3654
3655
3656

24.05.1
2
25.05.1
2
26.05.1
2
27.05.1
2
28.05.1
2
29.05.1
2

AKAR ENTERPRISE

1
18,423
1
79,481
1
58,372

MAYUR ENTERPRISES

17,500

NATURAL GRANITES
GUJARAT CEMENT CARRIERS

PANKAJ AMBALAL PATEL

4,200

PRADEEP SINGH CHOONDAWAT

350
Total

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

478,32

B) Cheques deposited but not yet cleared


Total
Balance as per Bank Statement

2)

Non-METRO SITEs (Non citi CMS):Sites which are not performing work in
the following cities are non-metro sites.
* Delhi
* Chennai
* Kolkata
* Mumbai
* Ahmedabad
* Bangalore
* Hyderabad

As per the directive of Management, it has


been decided to expand the facility of CMS
at Non-Metro sites as well.
Since with CITI Bank we are not able to
cover Non-Metro sites under CMS, we have
taken recourse to other banks like Axis
AHMEDABAD INSTTITUTE OF
TECHNOLOGY

Bank, HDFC Bank, ICICI Bank. These


Banks will be known as Service Provider
Bank for Non-metro sites.
Gandhidham city has been taken into
account for the remaining project.
MODALITY OF CMS OPERATION AT
Samakhiali Gandhidham Road Project.
Specimen given below (2.1)

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

LARSEN & TOUBRO LIMITED - ECC DIVISION


ECCD - DAYWISE EXPECTED CASH FLOWS
For the week:

1st Feb'12 to 29th Feb'12


AXIS BANK

Unit:
Site :

Samakhiali Gandhidham Road


Project.
Rs in Lacs

DATE/DAY

ACCOUNTING CENTRES

AMT

11-Jun-12

CREDIT (All Collections)

1270

Monday

DEBIT (for region / site remittances)

1110

DEBIT (SSC)

160

12-Jun-12

CREDIT (All Collections)

360

Tuesday

DEBIT (for region / site remittances)

175

DEBIT (SSC)

185

13-Jun-12

CREDIT (All Collections)

371

Wednesday

DEBIT (for region / site remittances)

171

DEBIT (SSC)

200

14-Jun-12

CREDIT (All Collections)

Thursday

DEBIT (for region / site remittances)

297

DEBIT (SSC)

758

15-Jun-12

CREDIT (All Collections)

260

Friday

DEBIT (for region / site remittances)

1055

20

DEBIT (SSC)

240

16-Jun-12

CREDIT (All Collections)

35

Saturday

DEBIT (for region / site remittances)

30

DEBIT (SSC)

TECHNOLOGY
TOTAL

AHMEDABAD INSTTITUTE OF

CREDIT (All Collections)


DEBIT (for region / site remittances)

3351
(1,803)

TR
AN
SF
ER
OF

FUNDS TO Samakhiali Gandhidham Road


Project
First of all the job sites will be given cheque books
issued by the service provider bank which can be
used for making payments directly from job sites
after obtaining sanction from the concerned
regional offices on a daily basis. Regional offices
advice to draw their fund requirements.
Since cheque books are given to job sites, regional
offices will have to monitor the debit sweeps in
their accounts on a daily basis and Ensure that the
Same Is Within The Limit Sanctioned By Them To
The Job Sites.
Specimen given below (2.2)
LARSEN & TOUBRO LIMITED - ECC DIVISION
Details of cheques being issued on 01.02.2012 to 29.02.2012
Bk
g.
No
.
34
2
343
344

Date
01.02.
12
03.02.
12
04.02.
12

Cheq
ue
No.

Bil
l
No
.

103

54

89

Contractor's Name

Payab
le
Amt

SHARMA CONSTRUCTION

12541

ARJUN ENTERPRISES

57835

KEDIA TRANS LIFTERS PVT LTD

13153
8

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

34
5
34
6
34
7
34
8
34
9
35
0
35
1
35
2
35
3
35
4
35
5
35
6
35
7
35
8
35
9
36
0
36
1
36
2
36
3
36
4
36
5
36
6
36
7
36

04.02.
12
05.02.
12
05.02.
12
05.02.
12
06.02.
12
06.02.
12
08.02.
12
08.02.
12
08.02.
12
08.02.
12
08.02.
12
08.02.
12
15.02.
12
16.02.
12
19.02.
12
22.02.
12
22.02.
12
22.02.
12
22.02.
12
23.02.
12
24.02.
12
25.02.
12
25.02.
12
25.02.

104

105

143

106

107

153

77

38

39

40

41

42

43

135

136

11

101

125

57

58

60

69

86
154

5
1

BHAGVATI GENERATORS

34299

BHAGVATI GENERATORS

34299

JADEJA RAMDEVSINH J

51975

GAGJIBHAI RUPABHAI LUNI

34148

ADITYA ENTERPRISE

27482

NIHAL ENTERPRISES
NIHAL ENTERPRISES
SHAILESH KIRTILAL VORA
BAKUL KIRTILAL VORA
KIRTILAL HALCHAND VORA
DEEPIKA ARVIND VORA
KOKILA SHAILESH VORA
JAYSHREE BAKUL VORA

10320
0
19968
1
11175
3
11175
0
72643
14259
0
14259
0
14259
0

S R REFRIGERATION

22775

BHIKHABHAI R CHAVDA

16279
75

SHARMA CONSTRUCTION

30635

DINESH PANDIT

66655

AZIZUR RAHMAN YUSUF

71060

MEGHA RAM

78255

BHALLA RAM CHOUDHARY

34602

SHIVLAL DEVARAM DANA

43144

PUSHPA SINDAL

37234

BIRBAL RAM
MITHLESH KUMAR MISHRA

16440
5
44658

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

8
36
9
37
0
37
1

12
27.02.
12
29.02.
12
29.02.
12

102

155

83

KRISHNA TRAILOR SERVICE

42140

MAHAVIRSINH DEVUBHA SODHA

11937
5

MUSABHAI USMANGANI SALAR

45893

Fund requirements: (Specimen given below :

2.3)

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

FUNDS ELIGIBILITY OF Samakhiali Gandhidham


Road Project
Specimen given below (2.4)

Workings of Funds Eligibility


I

Amt in lacs

Stock
Bulk Materials
Consumables
Small Tools
Spares
Heavy Tools
Special Items & Electrical Items

10
8
4
2
1
8
3

36

II

Cash & Bank Balance

III

Deposits (Telephone,Elec,Etc.)

IV

O/s
Billed (Cumm.)

230

Payment Recd
Recoveries

198
20

Net O/s.

12

Cumm. Cost
Cost > Invoice

258
28

Total Current Assets

I
II
III
a
b

(+)

Unadjusted Mob.Advance & Plant adv


Unadjusted Mat. Advance
Vendor Balances as per Book
Debit
Credit
Net Balance (b-a)

28
3

-9.25
8.25
(1)

Total Current Liabilities

(-)

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

82

30

Working Capital

52

STATEMENT OF BANK ACCOUNTS.

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

BIBLIOGRAPHY
BOOKS: Prasanna Chandra

Financial Management The


Seventh edition Published by Tata McGraw-Hill
Publishing Company Limited.

WEB-SITES:-

http:// www.larsentoubro.com

OTHERS:

Reports of Larsen & Toubro.

AHMEDABAD INSTTITUTE OF
TECHNOLOGY

AHMEDABAD INSTTITUTE OF
TECHNOLOGY