Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Iocl

1,488 views

Published on

  • DOWNLOAD FULL BOOKS INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD FULL BOOKS INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD FULL BOOKS INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

Iocl

  1. 1. Revision in Cash Management System @ Indian Oil Corporation Limited
  2. 2. SHANTANU MITALI YASH ROHITJA PRESENTED BY SWATHI CHETAN NIKETESH SAIMAHESH
  3. 3. Type Public Traded as BSE: 530965 NSE: IOC Industry Oil and gas Founded 1964 Headquarters New Delhi, India Area served India Key people R.S Butola (Chairman) Products Fuels, lubricants,petrochemicals Revenue US$ 76.05 billion (2012) Operating income US$ 3.30 billion (2012) Profit US$ 786 million (2012) Total assets US$ 40.88 billion (2012) Total equity US$ 11.59 billion (2012) Owner(s) Government of India Employees 36,198 (2012) Website www.iocl.com
  4. 4. INTRODUCTION • Indian Oil Corporation Ltd. (IOCL) was India's largest company by sales • with a turnover of Rs 2710.740 billion and • profit of Rs. 102.210 billion for the year 2009-10. • IOCL was India's largest commercial enterprise and flagship national oil company and downstream petroleum major. • It operated the largest and widest network of fuel stations in the country. • In 2010, IOCL had a market share of 41% in refining, 54% in product pipelines, and 46% in the petroleum products market.
  5. 5.  By financial year 2010-11, IOCL had 14 products such as; • Indane Gas Domestic and Industrial Gas • Auto Gas Automotive Natural Gas • Xtra Premium Automotive Premium Petrol • Xtra Mile Automotive Premium Diesel • Servo Lubricants and Greases  It was a major supplier to core sectors such as the • Army • The Railways, • State Road Transport Corporations, • The Air Force, • The Navy, • Power, and • Aviation.  IOCL revised its Cash Management System or Treasury Management System in the year 2006-07.
  6. 6. History[edit] Indian Oil began operations in 1959 as Indian Oil Company Ltd. The Indian Oil Corporation was formed in 1964, with the merger of Indian Refineries Ltd. Indian Oil is the biggest oil producer and marketeer Oil's product range covers petrol, diesel, LPG, auto LPG, aviation turbine fuel, lubricants,naphtha, bitumen, paraffin, kerosene etc. Xtra Premium petrol, Xtra Mile diesel, Servo lubricants, Indane LPG cooking gas, Autogas LPG, IndianOil Aviation are some of its prominent brands. Recently Indian Oil has also introduced a new business line of supplying LNG (liquefied natural gas) by cryogenic transportation. This is called "LNG at Doorstep". Stock price: 530965 (BSE)Rs. 228.60+3.55 (+1.58%)
  7. 7. Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India. It is the world's 88th largest corporations, according to the Fortune Global 500 list, and the largest public corporation in India when ranked by revenue.[2]IndianOil and its subsidiaries account for a 49% share in the petroleum products market, 31% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of companies owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 million metric tonnes per year. The President of India owns 78.92% (1.9162 billion shares) in the company.[citation needed] In FY 2012 IOCL sold 75.66 million tonnes of petroleum products and reported a PBT of 37.54 billion, and the Government of India earned an excise duty of 232.53 billion and tax of 10.68 billion. It is one of the seven Maharatna status companies of India, apart from Coal India Limited, NTPC Limited, Oil and Natural Gas Corporation, Steel Authority of India Limited, Bharat Heavy Electricals Limited and Gas Authority of India Limited.[3] IndianOil operates the largest and the widest network of fuel stations in the country, numbering about 20,575 (16,350 regular ROs & 4,225 Kisan Seva Kendra). It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 66.8 million households through a network of 5,934 Indane distributors. In addition, IndianOil's Research and Development Center (R&D) at Faridabad supports, develops and provides the necessary technology solutions to the operating divisions of the corporation and its customers within the country and abroad. Recently Indian Oil Corp (IOC) has raised $500 million by selling 10-year dollar-denominated bonds, its fourth such issue overseas in the last three and a half years
  8. 8. OIL INDUSTRY BACKGROUND
  9. 9. CATEGORIZED INTO 3 TYPES • UPSTREAM • DOWNSTREAM • MARKETING • DISTRIBUTION
  10. 10. UPSTREAM • INDIA has 26 sedimentary basins • Total area 3.14 million sq.km out of which 1.35 million sq.km are under deep water • Domestic production 2005-2006 – 32.19 MT 2006-2007 – 33.98 MT 2007-2008 – 34.11 MT
  11. 11. DOWNSTREAM • In 2008-2009- Refining capacity- 178 MMTPA • In 2011-India has 17 refineries out of which 7 are owned by IOCL • No new refineries has been set up in US & Europe • India has also benefit of geographic location
  12. 12. MARKETING • INDIA’s major PSU’s are:- IOCL,BPCL,HPCL • In April 2002-Private sector came into existence:- Essar Oil, RIL , Royal Dutch Shell • Public Distribution System was emerged through subsidized LPG • IOCL has 35,066 retail outlets in INDIA till 09’ • 9366 LPG distributions & 6614 superior kerosene oil
  13. 13. DISTRIBUTION • Supply of oil & gas for household purpose Railways – 40% Pipelines- 30% Coastal tankers – 12% Road- 18% • National Gas Grip was also planned
  14. 14. COMPANY STRUCTURE
  15. 15. •THE ESTABLISHMENT OF THE CASH MANAGEMENT PRODUCT MODULE IN IOCL IN 2006-2007, THE TRANSACTION TOOK PLACE THROUGH THE COVENTIONAL METHOD USING THE REGIONAL CASH CREDIT MODULE. •IN THE RCC MODULE ,STATE BANK OF INDIA BRANCHES IN VARIOUS LOCATION,SENT INFORMATION ABOUT THE REMMITTANCE OF THE FUND TO THE REGIONAL OFFICES AND THEY IN TURN FORWARDED THAT INFORMATION TO SBI HEAD OFFICE
  16. 16. HIGH VALUE TRANSACTION i.e. THOSE ABOVE Rs.500000 WERE BEING INFORMED PRIOR TO THEIR COLLECTION SO THAT THEY COULD BE CONSIDERED IN ITS DAILY BUDGETING PROCESS AND WOULD HELP IOCL TO ALLOCATE FUNDS NECESSARY FOR PAYMENTS. ANYTHING BELOW Rs. 500000 WAS TREATED AS LOW VALUE TRANSACTION AND PRIOR INFORMATION FOR THESE TRANSACTIONS WAS NOT DEEMED NECESSARY.
  17. 17. CURRENT CASH MANAGEMENT SYSTEM
  18. 18. WHAT IS CASH MANAGEMENT SYSTEM? • The corporate process of collecting, managing and investing cash. • This is a key component of ensuring a company’s financial stability and solvency. • The above definition is as given in theory. But in real world cash management system is one of the industries endear and ear hearing magnet for most of the organization catering into IT, manufacturing and outsourcing companies.
  19. 19. UTILIY of cash management system • When there is a demand for particular product in the market, the demanded company has to maintain his position in the market and on the other hand they have to maintain their shares in the top position in the stock market. • So, cash management system helps the company to achieve this targets. Ways to achieve this targets? - By using optimum resources, and limited raw material - Maintaining price strategy by giving a reasonable price to the customers for a long period of time.
  20. 20. Example of effective Cash Management System
  21. 21. Collections modes:-  Non e-collection mode.  Local instruments.  outstation instruments.  collection account.  special current account.  current account.  letter of authority.  railway credit note.  cash credit account. BANKING ARRANGEMENTS
  22. 22.  E-collection mode.  REAL TIME GROSS SETTLEMENT (RTGS).  NATIONAL ELECTRONIC FUND TRANSFER (NEFT).  CORPORATE INTERNET BANKING.  CORE TO CORE.  INSTRUCTION CARD. BANKING ARRANGEMENTS
  23. 23. CASH FLOW FORECASTING A key element of cash management involved projections of inflows and outflows of cash by the corporation. • Projections were done in two stages:- • Monthly: by the 7th of every month. • Rolling: by the 22nd of every month for the next month.
  24. 24. • For effective forecasting, managers at IOCL required credible information from multiple sources. • For budgeting December 2010,the months that were taken as per method were Sep.,Oct. and November. The actual collections were put in region wise. Then the total of each region was arrived at and this was divided by three to find the average of three months.
  25. 25. • Likewise in December 2009,the actual collection of same period was summed up and divided by three to get the average of each region. • The actual collection for December 2009 was also noted region wise. • The percentage for adjustment was obtained by dividing actual collection in December 2009 by average collection. • This percentage of adjustment was carried forward and multiplied with average of each region in the 2010 figures.
  26. 26. IOCL BPCL HPCL OPERATING INCOME 447096.41 240115.75 206958.80 COST OF SALES 433359.56 234008.95 202697.14 OPERATING PROFIT 13736.85 6106.80 4261.66 OTHER RECURRING INCOME 3514.79 1680.23 1102.36 ADJUSTED PBDIT 17251.64 7787.03 5364.02 FINANCIAL EXPENSES 6409.15 1825.24 2019.33 DEPRECIATION 5200.99 1926.10 1983.52 ADJUSTED PBT 5641.50 4035.69 1361.17 TAX CHARGES 642.63 1392.79 630.47 ADJUSTED PAT 4998.87 2642.90 730.70 OTHER NON CASH ADJUSTMENT 6.30 174.01 REPORTED NET PROFIT 5005.17 2642.90/ 3142.90 904.71/10587.4 EQUITY DIVIDEND 1505.33 795.39 287.83 DIVIDEND TAX 255.83 127.47 48.92 RETAINEND EARNING 3244.01 2220.04 10250.70
  27. 27. IOCL BPCL HPCL SHARES IN ISSUE 24279.52 L 7230.84L 3386.27 L EARNING PER SHARE 16.29/- 36.55/- 26.72/- EQUITY DIVIDEND (%) 50.00 110.00 85.00 BOOK VALUE 238.38 230.04 405.35

×