Introduction:
In the Year 1958, a visionary Mr. S.L. Minda laid the foundation of Minda group.
He like any other entrepreneur, started small garage kind operation with only
five employees. He started supplying Ammeters to Enfield India (Motorcycles).
Later, Mr. Nirmal K. Minda expanded the single location & product to multi
locations & products. Minda Group is manufacturing world class automotive
components with stringent quality controls and has become the most favored vendor
of automotive components to Indian OEM's.
Minda has developed substantial export market and are supplying our products
to global OEM's & Replacement markets. It has strong presence in South East
Asia, Europe and USA. Minda Group is actively studying other
exports markets for future growth. In business, many companies spend most of
their time concentrating on increasing their current profits. They try to increase
the profits by either reducing the cost of production or by controlling the
expenses of the company. However, too few companies worry very much about managing
another equally important area, the area of working capital management.
Working capital, also known as net current assets, is the excess of current
assets over current liabilities. Existence of working capital is imperative
in any firm. A large amount of funds are invested on fixed assets that can be
used at an optimum level only if supported be sufficient working capital. If
the level of working capital required by the firm is not properly maintained
then it results in unnecessary blocking of funds. Insufficient working capital,
on the other hand, put different hindrances in smooth working of the firm. Therefore,
the working capital management needs attention of all the financial managers.
The project undertaken was “to prepare the renewal application of working
capital for Minda Industries Limited through canara bank” The preparation
of the renewal application includes several steps. The very first step is to
determine the amount of working capital requirements by each unit. These requirements
are evaluated and verified internally and on the basis of that a consolidated
requirement is calculated. This consolidated requirement is calculated by preparing
CMA i.e. Credit Monitoring Arrangement. CMA is basically prepared to determine
the MPBF i.e. Maximum Permissible Bank Finance. MPBF represents the maximum
limit upto which the company can raise funds from the banks. This CMA data along
with the renewal application is send to the bank. Many other documents are also
send to the bank as per the bank’s requirements.
It was a learning experience for me as at Minda employees’ stresses on role
clarity at all levels. Role clarity along with Teamwork & co-operation helps
us achieving the organizational objective.
Number of Pages of Project Report: 56
Package Includes: Project Report
Project Format: Document (.doc)
Table of Contents of Project Report:
1. Executive Summary
2. Objective
3. Mission
4. Company Profile
- Introduction
- Business Units
- Promoters Information
- Minda Switch Division
- Minda Lighting Division
- Minda Horn Division
- Minda IMPCO
- Competitors
- Collaborations
- Quality Standards
- Milestones
5. Industry Profile
6. Theoretical Review
7. Analysis
8. Comparative Analysis
9. Annexures
- ANNEXURE – I
- ANNEXURE – II
- ANNEXURE – III
- ANNEXURE - IV
- ANNEXURE - V
-SALES COMPOSITION
- OEMS CUSTOMER BASE
- SWOT ANALYSIS
10. Limitations
11. Bibliography
Data till 2003
