AN INTERIM REPORT ON

SUMMER INTERNSHIP
AT
CENTRAL COALFIELDS LIMITED (CCL)

( Submitted in PARTIAL FULFILMENT FOR THE AWARD OF DEGREE IN

MASTER OF BUSINESS ADMINISTRATION PROGRAMME.

SESSION – 2009 – 2011)

SUBMITTED TO: SUBMITTED BY:

MS.CHETNA SINHA, ANITA KUMARI
FACULTY GUIDE, 09JU00200026
IUJNC RANCHI. MBA (09-11)
IUJNC RANCHI.

INSTITUTE OF CHARTERED FINANCIAL ANALYSTS OF INDIA

UNIVERSITY, JHARKHAND.
 ACKNOWLEDGEMENT

The success of any project depends largely on the encouragement and

guidelines of many others. I take this opportunity to express my
gratitude to the people who have been instrumental in the successful
completion of this project.

I would like to express my immense gratitude to my Company Guide

Mr. A.D.Wadhwa, Senior Finance Officer CCL, for his constant
support and motivation. Without his encouragement and guidance
this project would not have materialized.

I am also thankful to my Faculty Guide Ms. Chetna Sinha, for her

invaluable guidance and suggestion during this project.

I am also thankful to all other members who helped me directly or

indirectly towards the completion of my project.
 CONTENTS

1. OBJECTIVE
a. IMPORTANCE OF WORKING CAPITAL
MANAGEMENT.

2. TASK

3. STRATEGY

4. ACHIEVEMENT

5. MID COURSE CORRECTION

6. LIMITATIONS

7. CONCLUSION
 OBJECTIVE

 Internships are known for giving students the opportunity to apply

their knowledge in real world environments. By undergoing
internships,students are provided with experience that makes
them stronger and more confident of their abilities.

 Internships also allow the trainees to learn about time

management, discipline, and effective communication skills.

 In the business world, critical thinking skills are very important.

One must be able to make quick decisions which are based on
logic. Internships teach us how to excel in a large number of
different organizations and industries. I believe that Students by
undergoing internships, add value to themselves which not only
benifits them but also their prospective employers

 The main objective of my Internship topic – Working Capital

Management, is to ascertain the profitability/liquidity position of a
Company. A company can be endowed
with assets and profitability but short of liquidity if
its assets cannot readily be converted into cash.
Positive working capital is required to ensure that a
firm is able to continue its operations and that it has
 sufficient funds to satisfy both maturing short-term
debt and upcoming operational expenses. The
management of working capital involves managing
inventories, accounts receivable and payable and
cash.

 The study of Working Capital Management at Central Coalfields

Tof Public Sector Enterprises which is Public Welfare.

 CCL, a subsidiary of Coal India Ltd, is a cash rich PSU and is

committed towards satisfying the energy needs of the nation.

 My basic objective of undertaking a project on Working Capital

Management at CCL is to acquire knowledge about:-

o The Working Capital constituents of CCL

o The methods or policies adopted for computing the working
capital
o Its major consumers
o Elements of its inventories
o Major cash inflows and outflows
o Whether CCL complies with the Accounting Standards or
not?
o And how efficiently it utilises its surplus funds.
o And to analyse the working capital ratios of CCL with that
of the coal industry.
TASKS PERFORMED:-

My Internship started off with an introduction to the organisation, ie,

CCL. The week wise details of the topic for study and the tasks
performed for the study are given below:-

WEEKS TOPIC FOR STUDY TASKS

PERFORMED

WEEK 1 INTRODUCTION Collected materials

TO CIL & CCL regarding CCL’s
history by visiting
 various departments
and also surfing the
official website
WEEK 2 WORKING Understood the
CAPITAL concept of WC and
MANAGEMENT computed ratios
required to analyse
the working capital
requirements.
WEEK 3 DEBTORS Collected Data related
MANAGEMENT to debtors/consumers
of CCL.
WEEK 4 SECURITISATION Went through the
SCHEME securitisation scheme
and gained
knowledge on its
benefits for both CCL
& its consumers
WEEK 5 INVENTORY Collected data
MANAGEMENT relating to the
components of
inventory of CCL
WEEK 6 ACCOUNTING went through the
STANDARD 2 policies given out in
accounting standard 2
 AN INTERIM REPORT ON
SUMMER INTERNSHIP
AT
CENTRAL COALFIELDS LIMITED (CCL)
 ( Submitted in PARTIAL FULFILMENT FOR THE AWARD OF DEGREE IN

MASTER OF BUSINESS ADMINISTRATION PROGRAMME.

SESSION – 2009 – 2011)

SUBMITTED TO: SUBMITTED BY:

MS.CHETNA SINHA, SARITA THILAK,
FACULTY GUIDE, 09JU00200040,
IUJNC RANCHI. MBA (09-11)
IUJNC RANCHI.

INSTITUTE OF CHARTERED FINANCIAL ANALYSTS OF INDIA

UNIVERSITY, JHARKHAND.