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Summer Training Project Report: Submittedto in Partial Fulfillment For The Award of The Degree of (2010-2012)
Summer Training Project Report: Submittedto in Partial Fulfillment For The Award of The Degree of (2010-2012)
Summer Training Project Report: Submittedto in Partial Fulfillment For The Award of The Degree of (2010-2012)
ON
FOR
CERTIFICATE
STUDENT DECLARATION
I hereby declare that the summer training report entitled BEARING A HEINZ
POLICY ON PLANT ACCOUNTIHG submitted by me in partial fulfillment of
the requirements for the MBA (FM/IT), is my original work and that it has not
previously formed the basis for the award of Degree.
Place:
Date:
Candidates signature
ACKNOWLEDGEMENT
Completing a task is never a one man effort. It is often the result of valuable
contributors of individuals in a direct or indirect manner ,which in shaping and
achieving an objective . Here we cannot resist the temptation of expressing our
thanks to those who have contributed greatly accomplishing this task.
I am highly thankful to Dr. BHUPENDRA GAUTAM (Galgotia college of
engineering and Technology).
I, also greatly appreciate the diligent support provided by all the faculty of
GCET,galgotia college of engineering and Technology and my friends for their
whole support and co - operation.
Ankur Agrawal
Department of Management
Date:
TO WHOM SO EVER IT MAY CONCERN
This is to certify that MR.ANKUR AGRAWALis a bonafide student of MBA 2nd
Year of this Institute for the session 2010-12 and he has prepared Summer
Training Project Report titled BEARING A HEINZ POLICY ON PLANT
ACCOUNTINGfor partial fulfillment of Master of Business Administration
(MBA) affiliated to Mahamaya Technical University, Noida. He has worked
under my supervision and performance during the project has been
satisfactory.
I wish her all the best for her future endeavors
Mr.Bhupendra Gautam
Head- MBA Programme
TABLE OF CONTENT
Title page------------------------------------------------------------------------------Certificate of Officer of Concern Industry ------------------------------------Declaration----------------------------------------------------------------------------Acknowledgement ------------------------------------------------------------------Certificate of Head of Institution -----------------------------------------------Table of Content----------------------------------------------------------------------Preface----------------------------------------------------------------------------------Executive Summary------------------------------------------------------------------Objective---------------------------------------------------------------------------------
TOPICS
Page no.
CHAPTER 1
CHAPTER 2
FMCG INDUSTRY SOWT ANALYSIS........20
H.J Heinz SOWT Analysis...21
H.J Heinz P.E.S.T Analysis..23
CHAPTER 3&4
CHAPTER 5
COMPUTATION OF TAX..67
Direct tax.68
Gift tax ..68
Income Tax Act(1961)..69
Excise Duty Act...70
Custom Duty Act(1962)71
Service Tax.71
CHAPTER 6
Conclusion..73
CHAPTER 7
Findings...75
Recommendations..77
Bibliography79
PREFACE
For the compulsory training required for my course i.e.; M .B .A (FINANCE). I
have selected HEINZ INDIA PRIVATE LIMITED,MANZURGARHI,
ALIGARH. Heinz international company is one of the American paradigms. H. J.
Heinz Company is a well known player in FMCG category. It stands second in the
world among food product companies next to nestle. It is certified by ISO 9000.
During my training I have been associated with different areas of finance &
accounts division of HEINZ INDIA PRIVATE LIMITED & learned about how to
bridge up gap between theoretical knowledge & practical working . Mainly I have
experienced the calculation of fund requirement, payment, manage fund . Other
efficient payment procedure I have explored many other areas of finance &
accounts division. I would like to extend my sincere thanks to the factory authority
for allowing me for this training section Head of finance & Accounts division
Rakesh Sharma for sparing there valuable time for this purpose.
EXECUTIVE SUMMARY
To increase the wealth of firm has to analysis the best use of funds. Funds are
nothing but it is finance of any firm .The first objective of any organization is
sources and application of funds put to use efficiently and effectively. Finance
department plays a significant role in plant finance. All the payment related
activities move around to the finance department, Thus its challenging to maintain
and draw implication on financial records in plant finance..
Importance of controlling plant finance:
OBJECTIVES
The study of the theoretical aspects is pursuing at college level. Apart from
theoretical aspect, the practical implication of the subject requires the practical
knowledge. This makes a person, prudent and practical to handle the various
implications at organization level.
It was my fortune that I got an opportunity to pursue my summer training in such a
prestigious organization.
The objective of the organization is as follows:
To study the various constitute of payment system.
To study the payment system and also disclose the various aspect of delay in
payment.
To increase the credibility of company by improving payment system.
To increase the efficiency of payment system.