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Refractory Industry

Refractory Industry

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Published by Ansu Mishra
Working Capital Management (plz hav some comment if u like this)
Working Capital Management (plz hav some comment if u like this)

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Published by: Ansu Mishra on Oct 21, 2009
Copyright:Attribution Non-commercial

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07/03/2013

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1
CHAPTER-1
INTRODUCTION
 
OBJECTIVE AND SCOPE OF THE STUDY
 
REFRACTORY INDUSTRY
 
COMPANY PROFILE
 
WORKING CAPITAL MANAGEMENT
 
2
OBJECTIVES OF THE STUDY
 
To know efficiency of working capital management of TRL.
 
To analyse the performance and position of TRL in Refractory’s Industry in India.
 
To study the overall operating cycle of working capital of the company.
 
To study receivable management, inventory management and cash management.
 
To study the Working Capital financing practices of the company
SCOPE OF THE STUDY
Embarking upon the
Scope
of the project assigned to me, I was first briefed by the chief of the finance department on the day one and during that session I was being introduced with myinternal guide with whom a well planned agenda was formulated.
 
It suggested that first I have to go through the annual reports of last five years of TRL.
 
Following the above was the task of following the functioning, position trend of TRL.After that Itook the job of interpreting the balance sheet and profit & loss account of the concern. Byconducting this research works on the basis of this information’s, various techniques of financialmanagement e.g., comparative statement, trend analysis and ratio analysis etc. were used in thepresent study.
 
Then interaction with the head of different department with whom we have the work likeINVENTORY, RECEIVABLES etcThe above-mentioned agenda aptly communicates the scope of my project.
 
3
Refractory Industry
 
Refractory is a term given to a class of materials which are produced from non-metallic minerals and possess capability to withstand heat and pressure. These are products thatconfer properties like high temperature insulation, resistance to corrosive and erosive action of hotgases, liquids and solids at high temperatures in various kilns and furnaces.The production of refractories started in India in the form of fire clay bricks in 1874.Today, a wide variety of refractory products are manufactured tailor made to suit the requirements of the application in various sectors which include iron and steel, cement, glass, non-ferrous metal,petrochemical, fertilizer, thermal power plants etc.The fortunes of the refractory industry are linked to the growth of iron and steel sectorwhich consumes a mammoth 75% of the refractories produced. Sector wise consumption of therefractories in India is shown below in the pie chart. The specific refractory consumption is about 27Kg/T in steel industry, 1.7 Kg/T in Cement and 55 Kg/T in glass industry. These sectors are givinghigh thrust on productivity, quality, cost, energy conservation and cleaner environment whichnecessitates new generation of refractories with specific requirements
Source:
Status & Outlook of India Refractory Industry,
B. V. Raja
Raw materials used in the production of basic Refractories are magnesites, dolomite, chrome ore,spinel and carbon. Basic Refractory bricks such as Magnesia-chrome and Magnesia- spinel are madeup of synthetic magnesia clinker or dead burned natural magnesite; that forms spinel during firing of the brick.
 
Iron & Steel75%Cement11%Glass5%Aluminimum5%Others4%
Sector Wise Refactories Consumptionin India

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