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Transcript of final report
Management and Commerce Institute Of Global Synergy.
ACKNOWLEDGEMENT Just as a gardener gather roses from an orchard and prepares a garland, with the aid of the following, I submit my humble project report. I would like to express my gratitude towards Mr. R.P. Singh(G.M., R.T.C,J.K. Cement) without whose support the project would not had been completed. I would like to thank Mr. (chartered accountant,J.K.
cement) who helped in studying the vital informations. I am deeply indebted to all those employees of J.K. Cement who helped me in successful completion of the project. I would express my gratitude towards Project should be handled and report presented. Last but not the least I would like to acknowledge my parents who provided me the required encouragement and support. my Teacher &
Guide who helped and educated me as to the way in which the
Pankaj verma Student-MIGS College(ajmer)`
The main focus of research conducted by me was
To analyse the financial statements of the concern. To identify the risk involved in effective functioning andto find their mitigation strategies.. To conduct the S.W.O.T analysis in order to throw light on various aspects. The Data was collected from Accounts Depatment at JKCW ,Nimbahera ,Rajasthan. Several questions were raised to accounts department in order to reach at meaningful conclusions.
All employees at Accounts Depatment responded and gave their observations. On the basis of the study I found that the present system of Finance is working efficiently & does not warrant any change. Moreover the company has registered a remarkable growth and carries a respectable name in cement industry.
Table of contents1. Objective of the Study 2. Company Profile 3. Management Board - Board of directors -Key personnel 4. Products & Manufacturing process 5. Financial Analysis 6. Risk Management - Risk types
7. S.W.O.T. Analysis 8. Conclusion 9. Recommendations 10. Bibliography 11. Annexure
- Questionnaire - Other Information
1 OBJECTIVE OF THE STUDY
1. To analyse the financial statements of the concern. 2. To identify the risk involved in effective functioning and to find their mitigation strategies.. 3. To conduct the S.W.O.T analysis in order to throw light on various aspects.
COMPANY PROFILE-INTRODUCTION -VISION, MISSION, AND VALUES -MANAGEMENT POLICY -INFRASTRUCTURE
INTRODUCTION J.K. Cement is an affiliate of the J.K. Organization, which was founded by Lala Kamlapat Singhania. The J.K. Organization is an association of industrial and commercial companies and has operations in a broad number of industries. Our cement operations commenced commercial production in May 1975 at our first plant at Nimbahera in the state of Rajasthan. At Nimbahera, we started with a single kiln with a production capacity of 0.3 million tons. We added a second kiln in 1979 with production capacity of 0.42 million tons, and a third kiln in 1982 with a production capacity of 0.42 million tons. We added a precalciner with a capacity of 0.4 million tons in 1988, which increased our capacity at Nimbahera to 1.54 million tons. During the years 1998 through 2003, we continued to implement modifications to each of our kilns, which increased our aggregate capacity at Nimbahera to 2.8 million tons as of September 30, 2005. We commissioned a second grey cement plant at our Mangrol plant in 2001, with a production capacity of 0.75 million tons. As of September 30, 2005, we had an aggregate production capacity of 3.55 million
tons per annum of grey cement. Our white cement plant was completed in 1984 with a capacity of
50,000 tons. Our continuing modifications to the plant have increased its production capacity to 300,000 tons as of September 30, 2005. Today, J. K. Cement Ltd. is one of the largest cement manufacturers in Northern India. We are also the second largest white cement manufacturer in India by production capacity. While the grey cement is primarily sold in the northern India market, the white cement enjoys demand in the export market including countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Kenya, Tanzania, UAE and Nepal. Our access to high quality limestone reserves that are suitable for production of white cement provides us with a competitive advantage. Based on geological surveys conducted by independent agencies on our mines between 1996 and 2001, our limestone reserves for both grey and white cement are expected to meet our existing and planned limestone requirements of 4.0 MnTPA of grey cement and 0.4 MnTPA of white cement, for approximately 40 years. Backed by state-of-the-art technology and highly skilled manpower against the backdrop of Indias infrastructural growth in an overdrive, we are upbeat about the future. We are confident of contributing
heavily in Indias journey of development. We see a world of concrete ideas on the horizon.
History behind J K Cement The initial J.K. stands for Kamalapath Singhania. J.k. organization started in the year 1884 at Calcutta. J.K. started their business as a Financier, Investor, Trading Supplier of cotton belts and manufacturer of small machinery parts like V belts, etc. they established few small cotton textile industries also.
a father son team namely: Juggila
In the year 1914 they shifted their business from Calcutta to Kanpur where they established many big industries like J.K. cotton Mills, Straw product Co., Lohia Mach, J.K. Pulp and Raymonds Woolen, etc. In the year 1934 J.K. organization started one more division, as J.K. Synthetics Ltd. They established various big plants of nylon, Acrylic fiber, etc. at Kota and Tyre Cord, Chemical and Pesticides at Jhalawar. In the year 1974 under the same division one more unit was started for manufacturing og Grey Cement at Nimbahera. The present cement factory was commissioned in 1974.The plant started its production from 27th Dec 1974.
Ist palnt / kiln was commissioned in1974 and capacity of this plant was 900 tonne per day and 3 lakh tonne per year. After modification in Preheater its present capacity is 1200 TPD.
Expansion of this plant took place in the year 1979, whan 2nd kiln was commissioned with a capacity of 1200 tonne per day and 7 lakh tonne per year. After modification its present 1800 TPD. is
Again in the third phase, a kiln was erected in the year 1982 and production of this kiln was 1350 tonne per day.
In the year 1988 a new technology was introduced in the 3rd kiln yhat consistes of precalcination pocess, which raised the capacity of this plant to 3400 tonne per day, which was earlier 1350 TPD. In Aug -2003 after again some modification on Preheater and Forex cooler its capacity is increased to 5000 TPD. Besides J.K. cement plant is having its own diesel generaor sets, producing power to meet the power energy requirements. J.K. Cement erected one more plant from Jan. 2001 with a capacity of 1400 tonne per day at village Mangrol. In Nov. 2003 after modification in pre heater and installation of Mechanical elevator its capacity increased to 2200 TPD. Due to power shortage as imposed by Ajmer electricity supply board J.K. established its own Thermal Power Plant at village Bamania, near Shambhupura, which is generating 15 M.W, power every day, which is consumed by J.K. Cement Plant.
VISIONTo be a premium conglomerate with a clear focus on each business.
MISSIONTo deliver superior value to
Customers Shareholders Employees Society
VALUESRespect for individual integrity, speed, simplicity, selfassuredness and 100% commitment are the values we value.
MANAGEMENT POLICY Technologies change, needs change, and in turn products change. What remain unchanged, are values and ideas that propel any entity forward. Ideas that are concrete and unwavering, just like their outcome. At JK Cement we are crossing milestones, one after another, propelled by the following concrete ideas: To provide products committed that to fully our comply customers, with at technical the most specifications
competitive price. To ensure complete reliability in our dealings with customers, distributors, suppliers & other partners. To operate our manufacturing facilities in such a way, that they help sustain the environment & provide new opportunities for the underprivileged in that region. To ensure that every department of our every office encourages new & better ideas and freedom of expressing the same, and cultivate a work environment that rewards excellence in every employees chosen area of work leading to a harmonious & fulfilling atmosphere. To motivate every team member to challenge his last best performance and out do it continually. To remain abreast and imbibe the latest technological trends for the benefit of our customers.
INFRASTRUCTURE Company has following plants (All located in Rajasthan): Plant Grey Cement Plants . Plant Location Kailash Nagar, Nimbahera, Distt. Chittorgarh Mangrol, Distt. Chittorgarh Gotan Distt Nagaur White Cement Plant Thermal Power Plant (For captive consumption) Gotan, Distt. Nagaur Bamani, Shambhupura, Distt. Chittorgarh ,
Thermal Power Plant Kailash Nagar, Nimbahera, (For captive consumption) Distt. Chittorgarh , Waste Heat Recovery Power Plant (For captive consumption) Kailash Nagar, Nimbahera, Distt. Chittorgarh
MANAGEMENT BOARD-BOARD OF DIRECTORS -KEY MANAGEMENT PER SONNEL
BOARD OF DIRECTORS
Dr. Gaur Hari Singhania, Chairman Yadupati Singhania, Managing Director & CEO Ashok Sharma Achintya Karati D Jyoti Prasad Bajpai Kailash Nath Khandelwal Raj Kumar Lohia Suparas Bhandari Jayant