A PROJECT REPORT ON WORKING CAPITAL MANAGEMENT AT GNFC LTD.

Submitted to Parul Institute of Management and Research IN PARTIAL FULFILLMENT OF THE REQUIRMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION Under GUJARAT TECHNOLOGICAL UNIVERSITY UNDER THE GUIDANCE OF Faculty Guide Prof.Mital Thakkar Submitted by Lalit B. Miyani Enrollment No. : 117110592049 M.B.A-SEMESTER III Parul Institute of Management and Research M.B.A PROGRAMME Affiliated to Gujarat Technological University Ahmedabad July 2012 Company Guide Mr. D.R Panchal

Parul Institute of Management & Research (Formerly Dr.J K Patel Institute of Management)

CERTIFICATE This is to certify that Lalit B. Miyani, student of Master of Business Administr ation (Batch 2011-13) at Parul Institute of Management & Research, ( formerly D r.J K Patel Institute of Management ) , Waghodia ,Vadodara have undertaken a P roject Titled working capital management at GNFC Ltd. in partial fulfillment of 2 years full time MBA program of Gujarat Technological University, Ahmedabad.. The Summer Internship Project has been undertaken under the guidance of Prof. Mital Thakkar, faculty member of Parul Institute of Management & Research. (Formerly Dr.J K Patel Institute of Management). This is also to ascertain that this proje ct has been prepared only for the award of Master of Business Administration deg ree and has not been submitted for any other purpose. Prof.Mital Thkkar .P.G.K.Murthy Dr

(Faculty guide) (Director) Date: Place: Vadodara

Declaration I Lalit B. Miyani , hereby declare that the report for comprehensive project ent itled working capital management at GNFC LTD is a result of my own work and my ind ebtedness to other work publications, references, if any , have been duly acknow ledge. This project report is entirely an outcome of my own efforts and is not submitte d either in part or in whole to or copied from any project submitted to any othe r university or institute for any other degree.

Date: Place: