Fund Management Under CMS.

Its all about
Imagineering.
Summer internship
Report submitted to
GTU
VIKAS PUROHIT
11/MBA/086
AHMEDABAD INSTTITUTE OF
TECHNOLOGY
ACKNOWLEDGEMENT
I VIKAS PUROHIT highly thankful to all

persons whom are provided their
precious time, knowledge and support
during my summer project.
This
project had been a great learning
experience for me and the below
mentioned people were some of the
few who played a significant role in
making it so.
I am highly obliged to Mr. DHAVAL

DEKIVADIYA (Cluster FA&A) and Mr.
S.K.ROY (Manager - HR) for giving me
the permission to undergo training in
Larsen & Toubro Ltd.
TECHNOLOGY
I am also thankful to Mr. DHAVAL

DEKIVADIYA (FINANACE MANAGER) who
helped me accomplishing my summer
project.
I am also thankful to all my faculty

members of AIT for imparting in us all
knowledge and skills required at a work
place along with the practical exposure
to management world.
Yours Sincerely
(Vikas Purohit)
TECHNOLOGY
PREFACE
This is a small project report
composed while under taking SUMMER
training at Larsen & Toubro Ltd.. The
report consist information of the fund
management under CMS system of
techno park site (Baroda), how it works
and how manages its daily cash
management
The main aim of the training is to

observe
and
understand
the
management
involved
in
the
organization and its implementation at
various tasks and places. Again it is
the part of our academic session of my
M.B.A. Program.
Every effort has been made to avoid

errors or omissions in this report.
TECHNOLOGY
However any errors or mistakes if

possibly found may be a result of
instrument or human error and must
be neglected and I oblige for this. The
data and other materials depicted in
this report is correct as far as my
knowledge is concerned still chances of
error persists.
Last but not least I am thankful to all

the authorities of Larsen & Toubro
Ltd. who offered me the chance of
undertaking summer training project
under their organization.
(Vikas Purohit).
TECHNOLOGY
EXECUTIVE SUMMARY
This is a small report on summer
training
project
undertaken
at
Larsen & Toubro Ltd.
At B/H
Rajpath
Club
9th
Avenue
S.G.Highway. The report is about
general
information
and
Fund
management under CMS system of
sites in L&T (ECC) division.
Since
it
is
Project
Based
Organization at dislocated areas the
daily
fund
monitoring
and
management plays a vital role. There
TECHNOLOGY
are lots of costs saving majors

available In CMS system which helps
the organization (L&T) to save their
financing cost over the period of
time.
Company Profile
Larsen
and
Toubro
Conglomerate,
with
Diverse
Construction,
is
an
Interests
Hydraulic
India-based
Such
as
Equipment,
Electrical and Electronic Power Services,

Fertilizer
Financial
Projects,
Services
Medical
and
Electronics,
Information
Technology. It Generates Almost 85% of Its

Revenue from The Construction Business.
History
o Larsen & Toubro was founded in

Mumbai In 1938 By Two Danish
TECHNOLOGY
Engineers, Henning Holck-Larsen and

SorenKristian Toubro.
o Beginning with the import of
machinery from Europe, the company
rapidly took on engineering and
construction assignments of increasing
sophistication. Today, the company
sets Global engineering benchmarks in
terms of Scale and complexity.
Offices and Customers

o Apart From Several Offices In India, the
Company Has Offices In The USA, Europe,
Middle East and Japan.
o The Customer Profile Of The Engineering
Construction & Contracts Division of L&T
Includes Samsung, Chevron, Bechtel,
Kvaerner, Pirelli, Siam Michelin, Goodyear
etc.
L&T ECC Division
TECHNOLOGY
o ECC - The Construction Division Of Larsen &

Toubro Limited - Is India's Largest Construction
Organization. Many Of The Country's Prized
Landmarks - Its Exquisite buildings, Tallest
Structures, Largest Industrial Projects, Longest
Flyover, Highest Viaducts - Have Been Built By
ECC.
o Leading-Edge Capabilities Cover Every Discipline
Of Construction: Civil, Mechanical, Electrical and
Instrumentation.
o As a Division Of L&T, ECC Has The Resources To
Execute Projects Of Large Magnitude and
Technological Complexity In Any Part Of The
World.
o The business of ECC Division is organized in six
Business Sectors Which will primarily be
Responsible for Technology Development,
Business Development, International Tendering
and work as Investment Centres.
o ECC Division's Head Quarters in Chennai, India.
In India, 7 Regional Offices and over 250 project
TECHNOLOGY
sites. In overseas It Has offices in Gulf and Other

overseas Locations.
Turnkey Capabilities
o ECC is equipped with the Requisite Expertise and
wide-ranging Experience to Undertake Lumpsum
Turnkey (LSTK) Contracts with single-source
Responsibility.
o LSTK Assignments are Executed using state-ofthe-art design tools and Project Management
techniques.
o ECCs track Record of Projects Cover every
Industrial Sector and Infrastructure Development
Projects.
TECHNOLOGY
Managing an Entitys Resources

THE
MANAGE
R
Resource
Decisions
Investment
Decisions
Operating
Decisions
Human
Resources
Decisions
Information
TECHNOLOGY
Financing
Decisions
Cash Management
Inventory Management
Working Capital
Management
Life cycle
effects,
Business cycle,
public events,
etc.
Recruitment, Selection
Training,
Economics
Productivity
of Information
Cash
Inflows
Performance
Database Management
Appraisal
Value
Operati
creation
Compensation
Data Modeling
AHMEDABAD INSTTITUTE
OFof
Cost
Financial
market
Unions
IS
Debt
Planning
vs.
&Tax
Labor
&
Relations
Development
Financing
Discount
Capital
Rate
ng
Decisio
ns
FUND MANAGEMENT
A PERSPECTIVE CORPORATE FINANACE, L&T HOUSE.
The Larsen & Toubro (L&T) is one of the

Largest company in the world having various
divisions and sub-divisions created for different
Purposes to Meet the Requirement of the
Business Operations.
Every division is having two bank accounts, one

for collections and second for disbursements.
In these two bank accounts all the transactions

are being made including some of the special
transactions.
For all the divisions l&t is having centralised

managed accounts in which l&t house is the
main controller body of finance.
TECHNOLOGY
One Current account is to be opened with

Service Provider Bank at each Region which will
be known as Hub account.
First we are Considering the Engineering

Construction Company [ECC] as one of the
Organization Division [OD] of L&T.
TECHNOLOGY
L&T CMS SYSTEM
DISBURSEMEN
T A/C
L&T HOUSE
HUB ACCOUNT
COLLECTION
A/C
SUB-DIVISION A/C
OD(ECC)
DISUBERSEME
NT A/C
COLLECTION
A/C
REGION A/C
DELHI
CENAI
KLKAT
A
MUMBA
I
A'BA
D
B'LOR
H'BAD
(ALL THE REGION HAVE

TWO A/C)
METRO SITE
DISBURSEMEN
T A/C
COLLECTION
A/C
SITE
1
2
3
NON-METRO
SITE
DISBURSEMEN
T A/C
COLLECTION
A/C
RS(LAC)
1
2
4
6
4
5 7
20
TECHNOLOGY
ALL THE FUND ARE TRANCFER AT THE END OF DAY IN L&T

HUB ACCOUNT
O/D [ECC]
1)
METRO SITEs (Citi CMS):Sites Which are Performing Work in the

Main City Area.
The list of metropolitan cities is as under.

1) Delhi
2) Chennai
3) Kolkata
4) Mumbai
5) Ahmedabad
6) Bangalore
7) Hyderabad
The fund requirements of Organization
Division in metropolitan cities are being
satisfied by Citi Bank by providing overdraft
/ cash credit facilities.
In normal practices metropolitan cities are
having their both bank accounts with Citi
TECHNOLOGY
Bank and that of non-metropolitan cities

with Axis Bank.
Among the above Metro-Politian Cities our
project is based on Ahmedabad Region.
In this job the L&T O/D [ECC] is managing
its Funds under CMS (cash management
system).
TECHNOLOGY
MODALITY OF CMS OPERATION AT

Techno Park site (Baroda).
Current account is to be opened with Service
Provider bank at each Region which will be known
as Hub Account. There will be a current bank
account for each site with debit sweep facility.
Bank balance at the end of the day will get Swept
to the respective regions hub account
At the end of the day balance as per bank records
in all these job sites will become nil(0).region has
to ensure that the sites inform on a daily basis the
amount of cheques that are expected to hit the
bank account.
Specimen given below 1.1
TECHNOLOGY
LARSEN & TOUBRO LIMITED - ECC DIVISION

ECCD - DAYWISE EXPECTED CASH FLOWS
For the week:
11th June '12 to 16th June '12
Unit:
ABRO
Site :
Techno Park (Baroda)

Rs in Lacs
DATE/DAY
ACCOUNTING CENTRES
AMT
11-Jun-12
CREDIT (All Collections)
Monday
DEBIT (for region / site remittances)
400
DEBIT (SSC)
705
12-Jun-12
360
Tuesday
1105
DEBIT (SSC)
359
13-Jun-12
270
Wednesday
150
DEBIT (SSC)
120
14-Jun-12
Thursday
758
DEBIT (SSC)
297
15-Jun-12
380
Friday
1055
20
DEBIT (SSC)
360
16-Jun-12
70
Saturday
30
DEBIT (SSC)
40
TECHNOLOGY CREDIT (All Collections)
TOTAL

DEBIT (SSC)
3,240
(1,360)
(1,880)
TRANSFER OF FUNDS TO Techno Park

(Baroda).
First of all the job sites will be given cheque books

issued by the service provider bank which can be
used for making payments directly from job sites
after obtaining sanction from the concerned
regional offices on a daily basis. Regional offices
advice to draw their fund requirements.
Since cheque books are given to job sites, regional
offices will have to monitor the debit sweeps in
their accounts on a daily basis and Ensure that the
Same Is Within The Limit Sanctioned By Them To
The Job Sites.
TECHNOLOGY PARK - PHASE I BARODA
Details of cheques being issued on 13.04.2012
`
BANK: CITI BANK, BARODA
A/C No.
50005038
Sl. Cheque
No.
No.
Amount
( Rs. )
1
2
3631
3632
Date
01.05.1
2
03.05.1
Favouring
YUGADHARMA TRADERS
SOHAM INFOTECH
TECHNOLOGY
7858
9123
3633
3634
3635
3636
3637
8
9
3638
3639
10
3640
11
3641
12
3642
13
3643
14
3644
15
3645
16
3646
17
3647
18
3648
19
3649
20
21
3650
3651
2
05.05.1
2
06.05.1
2
07.05.1
2
08.05.1
2
09.05.1
2
10.05.1
2
11.05.12
12.05.1
2
12.05.1
2
12.05.1
2
13.05.1
2
14.05.1
2
14.05.1
2
14.05.1
2
14.05.1
2
21.05.1
2
22.05.1
2
23.05.1
2
24.05.1
BAKSHIS SINGH MATHARU

R M ENTERPRISE
JOHNSON CONTROL INDIA PVT
LTD
PYRAMID TECHNOLOGIES
VEGL
MAHOBAT TOURS & TRAVELS
SHREE BALAJI FURNITURES
520103
2260838
346871
2695
3120
463387
FLOOR FURNISHERS
STAR REFRIGERATION SALES &
SERVICE
31733
TRADE LINK
22193
SHIVAM ENGINEERING
4167
256836
RUBI CONSTRUCTION
11968
MADANLAL S CHAUDHARY
19950
MALIK ENGINEERING WORKS
396108
GANESHBHAI AMBALAL PARMAR
17999
ALLIANZ INDUSTRIAL SERVICES
258288
AJAY PRAJAPATI
HARIOM CONSTRUCTION CO
NATURAL GRANITES
TECHNOLOGY
99562
15517
140656
118423
22
3652
23
3653
24
3654
25
3655
26
3656
2
25.05.1
2
26.05.1
2
27.05.1
2
28.05.1
2
29.05.1
2
GUJARAT CEMENT CARRIERS
179481
AKAR ENTERPRISE
158372
MAYUR ENTERPRISES
PANKAJ AMBALAL PATEL
PRADEEP SINGH CHOONDAWAT
TOTAL AMOUNT OF CHEQUES BEING ISSUED
TECHNOLOGY
17500
4200
350
5367298
Working Capital Management

Working capital is money required for investment in
short term assets, e.g
* Materials (steel / cement, etc.)
* Spares
* Consumables
* Day-to-day expenses (overheads)
* Credit sales to customers etc.
The way working capital moves around the business
is modeled by the working capital cycle. This shows
the cash coming into the business, what happens to it
while the business has it and then where it goes.
Operating
TECHNOLOGY
Working capital is the excess of current assets over current

liabilities
TECHNOLOGY
Fund requirements:
The expenses which will be incurred for the next specified

period are to be estimated so that the funds can be
available at the time of job / work and can be Utilized /
Expended for purchase of any Materials / Equipments.
The specimen is given below 1.3
TECHNOLOGY
LARSEN & TOUBRO LIMITED (ECC Div) - ABRO
TECHNOLOGY
ABBK 3651: TECHNO PARK BARODA

WE FURNISH BELOW THE DETAILS OF FUND
REQUIREMENT FOR THE MONTH OF MAY'2012
(Rupees in Lacs)
Week
1
Sr.
No.
A
PARTICULARS
1 to 6
MAY'12
Wee
k2
Wee
k 3
Wee
k 4
7 to
13
MAY'1
2
14 to
20
21 to
27
MAY'1
2
MAY'1
2
WAGES:1
. Workmen (Regular Supply)
2 Cooks Wages etc
Sweepers(Office/Mess) &
3 Cleaning Materials
0.10
0.10
0.05
0.05
0.15
B
Total
0.15
Salary & Other OH Exp:1

. OPE
0.75
0.75
2 Salary & Other

3 House Rent
12.50
0.70
4 Hotel Bills etc

5 TES & Medical claims
7 Telephone Bill
8 Xerox Expenses
0.70
-
6 Tea,Tiffin, etc
0.05
0.10
TECHNOLOGY
12.50
0.05
0.10
0.10
9
1
0
1
1
1
2
1
3
Stationery & Printing Charges
0.10
0.10
Xerox Expenses
Freight for o/g matls incl
Household of staff
0.05
0.05
0.50
0.50
Other misc. Expenses

0.05
0.65
13.0
0
0.50
15.85
Hired Vehicles:0.25
-
0.50
0.50
1 Vehicle Hire Charges
0.50
Taxes
2.15
C
0.10
0.25
0.25
-
0.25
SUPPLIERS
1
. Diesel /Oil / Grease
0.15
2 Construction Material
20.00
3 Small Tools
4 Heavy Tools
5 Consumables
1.00
1.00
6 Spares
0.10
0.10
7 Repairing
SUB CONTRACTORS :-
0.25
0.25
1 Sub-Contractors
300.0
0
0.15
20.00
300.0 250.0
0
0
TECHNOLOGY
8
50.00
2 Hired Equipment
3 Security Services
0.50
0.50
3
00.00
300.5
0
250.0
0
3
23.80
300.8
0
250.6
5
A
. GRAND TOTAL (IN LACS)
B LESS : PAYMENTS FROM
. ABRO
3
23.80
300.8
0
250.6
5
C NET AMOUNT REQD AT

. TECHNO PARK, BARODA
3
03.80
GRAND TOTAL :-
8
50.50
13.00
88
8.25
13.00
88
8.25
3
20.00
300.8
0
250.6
5
FUNDS ELIGIBILITY OF TECHNO PARK

(BARODA).
TECHNOLOGY
12.50
0.50
2.50
85
5.75
Fund eligibility of each job will be monitored by the

Regional office in the same way as head quarter
Regions Eligibility i.e. by comparing the Actual
Opening working capital for the year with the
Month-end budgeted working capital.
(Specimen Given below 1.4)

TECHNOLOGY PARK - PHASE I BARODA
Workings of Funds Eligibility
TECHNOLOGY
Stock
Bulk Materials
Consumables
Small Tools
Spares
Heavy Tools
Special Items & Electrical Items
3
1
1
2
2
1
10
II
Cash & Bank Balance
III
Deposits (Telephone,Elec,Etc.)
IV
O/s
Billed (Cumm.)
224
Payment Recd
Recoveries
201
11
Net O/s.
12
Cumm. Cost
Cost > Invoice
230
6
Total Current Assets

I
II
III
a
b
(+)
Unadjusted Mob.Advance & Plant adv

Unadjusted Mat. Advance
Vendor Balances as per Book
4
3
Debit
Credit
Net Balance (b-a)
-1.25
4.25
Total Current Liabilities
(-)
Working Capital
10
22
STATEMENT OF BANK ACCOUNTS.
TECHNOLOGY
32
All Reports and Communication including bank

Statement will be sent by service provider bank on
a daily basis to The Regional office of site Techno
Park (Baroda) Through E-mail.
The Region will get a Statement/Report of the Hub
Account which will contain sites wise debit/hits for
a Particular day along with the amount of Deposits
Region Puts in its Books for Those Hits.
STATEMENT OF ACCOUNT NO. 0040025014
LARSEN & TOUBRO LTD (BARODA)
Disbursement Account.
FROM 01-05- 2012
TO 31-05- 2012
DATE
DESCRIPTION
01.MAY 2012
BALANCE BROUGHT FORWARD

DEBIT INTEREST||CUST REF
NO:D080000040025014||TRN REF NO:D08DS61INR
00001
MI CLG CHQ||WITHAWAL||CHECK/REF.001008||
RAVI CONSTRUCTION CO.||TRN REF
NO:D084820080320002
MI CLG CHQ||WITHAWAL||CHECK/REF.001089||PSL
Limited||TRN REF NO:D104767080320003
STANDING INSTRUCTION||D08SISI052520001 SWEEP||FROM AHMED IBBS A/C||40025014||TRN
REF NO:D08SISI052520001
BALANCE AS ON 01.FEB 2008
CASH CHECK||CHECK/REF.001114||cash wdl jpr||
TRN REF NO:D104780080350003
01.MAY 2012
01.MAY 2012
01.MAY 2012
01.MAY 2012
01.MAY 2012
04.MAY 2012
04.MAY 2012
DEBIT AMT
0.00
-49.98
-218,335.00
-8,207,538.00
8,425,922.98
0.00
-50,000.00
TECHNOLOGY
CREDIT
AMT
50,000.00
04.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
05.MAY 2012
06.MAY 2012

HIGH VALUE CLG CHQ||WITHAWAL||
CHECK/REF.001107||shree laxmi engineering||TRN
REF NO:D10476708036000K
AJAY KUMAR SHUKLA||TRN REF
NO:D104767080360006
PRAKASH S MORE||TRN REF
NO:D104767080360005
ARVIND A SHARMA||TRN REF
NO:D104767080360004
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
06.MAY 2012
08.MAY 2012
08.MAY 2012
08.MAY 2012
-302,820.00
-104,884.00
-237,328.00
-344,224.00
989,256.00
0.00

hanuman
sahay choudhary||TRN REF NO:D10476508037000J
06.MAY 2012
0.00
shree laxmi engg||TRN REF NO:D10476508037000G
MI CLG CHQ||WITHAWAL||CHECK/REF.001106||suraj
prakash yadav||TRN REF NO:D10476508037000H
tarachanra kumar||TRN REF NO:D10476508037000K
MI CLG CHQ||WITHAWAL||CHECK/REF.001093||gi
india security||TRN REF NO:D10476508037000I
rajesh tiwari||TRN REF NO:D10476508037000F
manish industries||TRN REF NO:D10476508037000D
MI CLG CHQ||WITHAWAL||CHECK/REF.001104||sai
ambey organisation||TRN REF
NO:D10476508037000E
SAMPATI RAWAT||TRN REF NO:D104767080390003
INDU TANWANI||TRN REF NO:D104767080390005
KALPANA SAXENA||TRN REF
NO:D104767080390004
-24,619.00
-25,579.00
-45,999.00
-68,057.00
-75,202.00
-136,172.00
-341,267.00
-489,514.00
1,206,409.00
0.00
-3,300.00
-4,290.00
-5,100.00
TECHNOLOGY
08.MAY 2012
08.MAY 2012
09.MAY 2012
09.MAY 2012

ALOK GROVER||TRN REF NO:D104767080400006
DINESH CHAND GUPTA||TRN REF
NO:D104767080400005
INSPECTION||SERVICES||TRN REF
NO:D084820080400003
09.MAY 2012
09.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
11.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
12.MAY 2012
13.MAY 2012

durga singh rajawat||TRN REF
NO:D104767080420002
MI CLG CHQ||WITHAWAL||CHECK/REF.001133||dr pc
dutta||TRN REF NO:D104767080420004
MI CLG CHQ||WITHAWAL||CHECK/REF.001130||priya
jain||TRN REF NO:D104767080420005
MI CLG CHQ||WITHAWAL||CHECK/REF.001101||TO
PANJAK MITTAL||TRN REF NO:D094815080420001
MI CLG CHQ||WITHAWAL||CHECK/REF.001140||PSL
limited||TRN REF NO:D104767080420003
HIGH VALUE CLG CHQ||WITHAWAL||
CHECK/REF.001143||arvind a sharma||TRN REF
NO:D10476708043000L
pavender bindal||TRN REF NO:D104767080430004
MI CLG CHQ||WITHAWAL||CHECK/REF.001141||hotel
jaipur ashok||TRN REF NO:D104767080430003
INHOUSE CHEQUE PAID||CHECK/REF.001144||
earth tech engineer &||contractors||TRN REF
NO:D104778080430009
TRN REF NO:D104780080440001
12,690.00
0.00
-1,685.00
-2,100.00
-89,116.00
92,901.00
0.00
-2,100.00
-4,000.00
-4,700.00
-26,089.00
-8,207,537.00
8,244,426.00
0.00
-198,187.00
-2,100.00
-9,092.00
-507,088.00
716,467.00
0.00
-50,000.00
TECHNOLOGY
13.MAY 2012
13.MAY 2012
13.MAY 2012
13.MAY 2012
14.MAY 2012
14.MAY 2012
14.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
15.MAY 2012
18.MAY 2012
18.MAY 2012
18.MAY 2012
18.MAY 2012
19.MAY 2012
19.MAY 2012
19.MAY 2012
ALAK NANDA NAAGAR||TRN REF
NO:D10476708044000A
RAHISAN KHAN||TRN REF NO:D10476708044000B
MI CLG CHQ||WITHAWAL||CHECK/REF.001142||TATA
TELESERVICES LTD||TRN REF
NO:D104767080450005
MI CLG CHQ||WITHAWAL||CHECK/REF.001132||dr
rajendra singh||TRN REF NO:D104765080460009
MI CLG CHQ||WITHAWAL||CHECK/REF.001134||col
subhash chandra tyagi||TRN REF
NO:D104765080460008
prachi stationers||TRN REF NO:D104765080460006
subhash general store||TRN REF
NO:D104765080460007
gulab service station||TRN REF
NO:D10476508046000A
TRN REF NO:D104780080490002
MI CLG CHQ||WITHAWAL||CHECK/REF.001152||hotel
jaies||TRN REF NO:D104767080490001
VIJAY GRAPHIC||TRN REF NO:D104767080500006
MANGALA ENGG CONSTRUCTION||TRN REF
NO:D08482008050000E
-3,700.00
-26,592.00
80,292.00
0.00
-23,665.00
23,665.00
0.00
-4,000.00
-5,000.00
-5,584.00
-11,867.00
-82,418.00
108,869.00
0.00
-50,000.00
-4,510.00
54,510.00
0.00
-1,100.00
-81,636.00
TECHNOLOGY
0.00
20.MAY 2012
20.MAY 2012
20.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
21.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
22.MAY 2012
23.MAY 2012
23.MAY 2012
23.MAY 2012
23.MAY 2012
Himmat singh meena||TRN REF
NO:D104767080510002
-5,000.00
5,000.00

ANJALI FURNITURE CENTRE||TRN REF
NO:D104767080520005
ANJALI FURNITURE CENTRE||TRN REF
NO:D104767080520006
ABHISHEK INDUSTRIES||TRN REF
NO:D104767080520004
INHOUSE CHEQUE PAID||CHECK/REF.001176||
COASTAL INFRA||TRN REF NO:D10476508052000P
Novelty hardwares||TRN REF NO:D104767080530001
SATISH KUMAR VASISTHA||TRN REF
NO:D104767080530004
ASHOKA HOLIDAYS PVT LTD||TRN REF
NO:D104767080530002
MI CLG CHQ||WITHAWAL||CHECK/REF.001145||HI
TECH INDUSTRIAL CORP||TRN REF
NO:D104767080530003
HOTEL KAN CHEN DEEP||TRN REF
NO:D104767080540006
AIRTEL AC
MI CLG CHQ||WITHAWAL||CHECK/REF.001177||TATA
TELESERVICES LTD||TRN REF
NO:D104767080540001
HOTEL JAIES||TRN REF NO:D104767080540002
0.00
-1,556.00
-3,112.00
-47,737.00
-1,222,539.00
1,274,944.00
0.00
-3,909.00
-4,800.00
-5,382.00
-6,259.00
20,350.00
0.00
-1,937.00
-2,258.00
-2,770.00
-5,098.00
TECHNOLOGY
23.MAY 2012
23.MAY 2012
23.MAY 2012
23.MAY 2012
25.MAY 2012
25.MAY 2012
25.MAY 2012
25.MAY 2012
25.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
26.MAY 2012
28.MAY 2012
28.MAY 2012
28.MAY 2012
28.MAY 2012
28.MAY 2012
RAJESH TIWARI||TRN REF NO:D104767080540004
AGARWAL TRANSPORT SERVICE||TRN REF
NO:D104767080540005
SONI HOSTEL||TRN REF NO:D104767080560004
HITESH ELECTRONICS||TRN REF
NO:D104767080560003
SHIVAM JAIPURI||TRN REF NO:D104767080560002
CASH CHECK||CHECK/REF.001181||CASH WDL
JPR||TRN REF NO:D104780080570001
MI CLG CHQ||WITHAWAL||CHECK/REF.001175||kab
con services||TRN REF NO:D10476708057000A
subhash general store||TRN REF
NO:D10476708057000B
KAMAR INFRASTRUCTURE||TRN REF
NO:D016051080570012
KAMAR INFRASTRUCTURE||TRN REF
NO:D016051080570011
TRN REF NO:D104780080590001
RAMAWATI DEVI SHARMA||TRN REF
NO:D10476708059000E
JALAN WELDING & HARDWARE||STORE||TRN REF
NO:D10476708059000D
-38,193.00
-56,545.00
106,801.00
0.00
-2,500.00
-2,791.00
-36,086.00
41,377.00
0.00
-80,000.00
-5,529.00
-23,384.00
-165,743.00
-266,010.00
540,666.00
0.00
-80,000.00
-2,000.00
-6,718.00
TECHNOLOGY
88,718.00
0.00
29.MAY 2012
29.MAY 2012
gulab service station||TRN REF
NO:D104767080600001
-60,984.00
60,984.00
LARSEN & TOUBRO LIMITED - TECHNO PARK (BARODA)

Bank A/c No (Disbursement):- 0040025014
Bank Reconciliation Statement As On 31.05.2012
Amou
nt
( Rs.)
Particulars
(478,32
6)
Balance as per Bank Book / Cash Book
A) Cheques issued but not presented for payment

3651
3652
3653
3654
3655
3656
24.05.1
2
25.05.1
2
26.05.1
2
27.05.1
2
28.05.1
2
29.05.1
2
AKAR ENTERPRISE
1
18,423
1
79,481
1
58,372
MAYUR ENTERPRISES
17,500
NATURAL GRANITES
GUJARAT CEMENT CARRIERS
PANKAJ AMBALAL PATEL
4,200
PRADEEP SINGH CHOONDAWAT
350
Total
TECHNOLOGY
478,32
B) Cheques deposited but not yet cleared

Total
Balance as per Bank Statement
2)
Non-METRO SITEs (Non citi CMS):Sites which are not performing work in
the following cities are non-metro sites.
* Delhi
* Chennai
* Kolkata
* Mumbai
* Ahmedabad
* Bangalore
* Hyderabad
As per the directive of Management, it has

been decided to expand the facility of CMS
at Non-Metro sites as well.
Since with CITI Bank we are not able to
cover Non-Metro sites under CMS, we have
taken recourse to other banks like Axis
TECHNOLOGY
Bank, HDFC Bank, ICICI Bank. These

Banks will be known as Service Provider
Bank for Non-metro sites.
Gandhidham city has been taken into
account for the remaining project.
MODALITY OF CMS OPERATION AT
Samakhiali Gandhidham Road Project.
Specimen given below (2.1)
TECHNOLOGY

ECCD - DAYWISE EXPECTED CASH FLOWS
For the week:
1st Feb'12 to 29th Feb'12

AXIS BANK
Unit:
Site :
Samakhiali Gandhidham Road

Project.
Rs in Lacs
DATE/DAY
ACCOUNTING CENTRES
AMT
11-Jun-12
1270
Monday
1110
DEBIT (SSC)
160
12-Jun-12
360
Tuesday
175
DEBIT (SSC)
185
13-Jun-12
371
Wednesday
171
DEBIT (SSC)
200
14-Jun-12
Thursday
297
DEBIT (SSC)
758
15-Jun-12
260
Friday
1055
20
DEBIT (SSC)
240
16-Jun-12
35
Saturday
30
DEBIT (SSC)
TECHNOLOGY
TOTAL

3351
(1,803)
TR
AN
SF
ER
OF
FUNDS TO Samakhiali Gandhidham Road

Project
First of all the job sites will be given cheque books
issued by the service provider bank which can be
used for making payments directly from job sites
after obtaining sanction from the concerned
regional offices on a daily basis. Regional offices
advice to draw their fund requirements.
Since cheque books are given to job sites, regional
offices will have to monitor the debit sweeps in
their accounts on a daily basis and Ensure that the
Same Is Within The Limit Sanctioned By Them To
The Job Sites.
Details of cheques being issued on 01.02.2012 to 29.02.2012
Bk
g.
No
.
34
2
343
344
Date
01.02.
12
03.02.
12
04.02.
12
Cheq
ue
No.
Bil
l
No
.
103
54
89
Contractor's Name
Payab
le
Amt
SHARMA CONSTRUCTION
12541
ARJUN ENTERPRISES
57835
KEDIA TRANS LIFTERS PVT LTD
13153
8
TECHNOLOGY
34
5
34
6
34
7
34
8
34
9
35
0
35
1
35
2
35
3
35
4
35
5
35
6
35
7
35
8
35
9
36
0
36
1
36
2
36
3
36
4
36
5
36
6
36
7
36
04.02.
12
05.02.
12
05.02.
12
05.02.
12
06.02.
12
06.02.
12
08.02.
12
08.02.
12
08.02.
12
08.02.
12
08.02.
12
08.02.
12
15.02.
12
16.02.
12
19.02.
12
22.02.
12
22.02.
12
22.02.
12
22.02.
12
23.02.
12
24.02.
12
25.02.
12
25.02.
12
25.02.
104
105
143
106
107
153
77
38
39
40
41
42
43
135
136
11
101
125
57
58
60
69
86
154
5
1
BHAGVATI GENERATORS
34299
BHAGVATI GENERATORS
34299
JADEJA RAMDEVSINH J
51975
GAGJIBHAI RUPABHAI LUNI
34148
ADITYA ENTERPRISE
27482
NIHAL ENTERPRISES
NIHAL ENTERPRISES
SHAILESH KIRTILAL VORA
BAKUL KIRTILAL VORA
KIRTILAL HALCHAND VORA
DEEPIKA ARVIND VORA
KOKILA SHAILESH VORA
JAYSHREE BAKUL VORA
10320
0
19968
1
11175
3
11175
0
72643
14259
0
14259
0
14259
0
S R REFRIGERATION
22775
BHIKHABHAI R CHAVDA
16279
75
SHARMA CONSTRUCTION
30635
DINESH PANDIT
66655
AZIZUR RAHMAN YUSUF
71060
MEGHA RAM
78255
BHALLA RAM CHOUDHARY
34602
SHIVLAL DEVARAM DANA
43144
PUSHPA SINDAL
37234
BIRBAL RAM
MITHLESH KUMAR MISHRA
16440
5
44658
TECHNOLOGY
8
36
9
37
0
37
1
12
27.02.
12
29.02.
12
29.02.
12
102
155
83
KRISHNA TRAILOR SERVICE
42140
MAHAVIRSINH DEVUBHA SODHA
11937
5
MUSABHAI USMANGANI SALAR
45893
Fund requirements: (Specimen given below :
2.3)
TECHNOLOGY
TECHNOLOGY
TECHNOLOGY
FUNDS ELIGIBILITY OF Samakhiali Gandhidham

Road Project
Workings of Funds Eligibility

I
Amt in lacs
Stock
Bulk Materials
Consumables
Small Tools
Spares
Heavy Tools
Special Items & Electrical Items
10
8
4
2
1
8
3
36
II
Cash & Bank Balance
III
Deposits (Telephone,Elec,Etc.)
IV
O/s
Billed (Cumm.)
230
Payment Recd
Recoveries
198
20
Net O/s.
12
Cumm. Cost
Cost > Invoice
258
28
Total Current Assets
I
II
III
a
b
(+)
Unadjusted Mob.Advance & Plant adv

Unadjusted Mat. Advance
Vendor Balances as per Book
Debit
Credit
Net Balance (b-a)
28
3
-9.25
8.25
(1)
Total Current Liabilities
(-)
TECHNOLOGY
82
30
Working Capital
52
STATEMENT OF BANK ACCOUNTS.
TECHNOLOGY
BIBLIOGRAPHY
BOOKS: Prasanna Chandra
Financial Management The

Seventh edition Published by Tata McGraw-Hill
Publishing Company Limited.
WEB-SITES:-
http:// www.larsentoubro.com
OTHERS:
Reports of Larsen & Toubro.
TECHNOLOGY
TECHNOLOGY

Fund Management Under CMS.

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Fund Management Under CMS.

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Its all about

I VIKAS PUROHIT highly thankful to all

I am highly obliged to Mr. DHAVAL

I am also thankful to Mr. DHAVAL

I am also thankful to all my faculty

The main aim of the training is to

Every effort has been made to avoid

However any errors or mistakes if

Last but not least I am thankful to all

are lots of costs saving majors

Electrical and Electronic Power Services,

Technology. It Generates Almost 85% of Its

o Larsen & Toubro was founded in

Engineers, Henning Holck-Larsen and

Offices and Customers

L&T ECC Division

o ECC - The Construction Division Of Larsen &

sites. In overseas It Has offices in Gulf and Other

Managing an Entitys Resources

The Larsen & Toubro (L&T) is one of the

Every division is having two bank accounts, one

In these two bank accounts all the transactions

For all the divisions l&t is having centralised

One Current account is to be opened with

First we are Considering the Engineering

L&T CMS SYSTEM

(ALL THE REGION HAVE

ALL THE FUND ARE TRANCFER AT THE END OF DAY IN L&T

METRO SITEs (Citi CMS):Sites Which are Performing Work in the

The list of metropolitan cities is as under.

Bank and that of non-metropolitan cities

MODALITY OF CMS OPERATION AT

Specimen given below 1.1

LARSEN & TOUBRO LIMITED - ECC DIVISION

11th June '12 to 16th June '12

Techno Park (Baroda)

CREDIT (All Collections)

DEBIT (for region / site remittances)

CREDIT (All Collections)

DEBIT (for region / site remittances)

CREDIT (All Collections)

DEBIT (for region / site remittances)

CREDIT (All Collections)

DEBIT (for region / site remittances)

CREDIT (All Collections)

DEBIT (for region / site remittances)

CREDIT (All Collections)

DEBIT (for region / site remittances)

DEBIT (for region / site remittances)

TRANSFER OF FUNDS TO Techno Park

First of all the job sites will be given cheque books

BANK: CITI BANK, BARODA

BAKSHIS SINGH MATHARU

MALIK ENGINEERING WORKS

GANESHBHAI AMBALAL PARMAR

ALLIANZ INDUSTRIAL SERVICES

GUJARAT CEMENT CARRIERS

TOTAL AMOUNT OF CHEQUES BEING ISSUED

Working Capital Management

Working capital is the excess of current assets over current

The expenses which will be incurred for the next specified

LARSEN & TOUBRO LIMITED (ECC Div) - ABRO

ABBK 3651: TECHNO PARK BARODA

Salary & Other OH Exp:1