i

WORKING CAPITAL MANAGEMENT

OF
BHARAT FORGE LTD
A PROJECT REPORT

SUBMITTED BY
RAVI MISHRA
A31501912007

IN PARTIAL FULFILLMENT OF AMITY UNIVERSITY FOR THE
AWARD DEGREE OF
MASTERS OF BUSINESS ADMINISTRATION

THROUGH
AMITY GLOBAL BUSINESS SCHOOL
PUNE
2012-2014



CERTIFICATE

ii




This is to certify that the Project work titled

WORKING CAPITAL MANAGEMENT
OF
BHARAT FORGE LTD


Is a bonafide work done by

RAVI MISHRA

A31501912013

For the award degree of

MASTERS OF BSINESS ADMINISTRATION

. .
DR. (COL) S.V SHARMA Prof CHARU RASTOGI
DIRECTOR AGBS PUNE FACULTY GUIDE




Submitted for the Viva- voce examination held on ______________________________




. .

(Signature of Internal Examiner) (Signature of External Examiner)


iii

ACKNOWLEDGEMENT

I take this opportunity to express my profound gratitude and deep regards to my guide Prof
Charu Rastogi for his exemplary guidance, monitoring and constant encouragement throughout
the course of this thesis. The blessing, help and guidance given by him time to time shall carry
me a long way in the journey of life on which I am about to embark. I wish to express my
indebted gratitude and special thanks to "DR. (COL) S.V SHARMA.

I express my heartily gratitude to Mr. Jagdish Agarwal (V.P) for being a source of inspiration
and support to me during the execution of this project.
I am thankful to all for giving me proper guideline and necessary information regarding the
project and people of Finance Department for their contribution and co-operation.
I am extremely grateful to CA. Garima Sharma for encouraging and guiding me. I am heartily
gratitude to all those who have directly or indirectly given assistance in making the project easier
and possible.



iv

DECLARATION

I hereby declare that I have worked on topic WORKING CAPITAL MANAGEMENT.
All the information that has been collected, analyzed and documented for the project is authentic
possession to me.
I would like to categorically mention that the work here has neither been purchase nor acquire by
any other unfair means. The data and information existing in this report are accurate and updated
to current data, to the best of our knowledge.
However, for this purpose of the project, information already complied in many sources has been
utilized.
All information in this report is true representation of what I have experienced during the project.


(Ravi Mishra)




v

TITLE INDEX
SR.NO. TOPIC PAGE NO.
1. EXECUTIVE SUMMARY 1
2. OBJECTIVE 2
3. COMPANY PROFILE 3
4. THEORETICAL BACKGROUND 08
5. REVIEW OF LITERATURE 37
6. RESEARCH METHODOLOGY 39
7. LIMITATIONS 41
8. DATA ANALYSIS & INTERPRETATION 42
9. FINDINGS 55
10. CONCLUSION 57
11. RECOMMENDATIONS 59
12. BIBLOGRAPHY 60