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PRESENTATION ON PAYMENT THROUGH E-MODE…
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PRESENTATION
ON
PAYMENT THROUGH E-MODE
Facebook
AT Twitter
INDIAN OIL CORPORATION LTD


UNDER Email
THE GUIDANCE OF: Presented by -

PROF. DR A.R. PHOPALEY MAHENDRA DHENAK 

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 Mr. Sarthak Behuria ,Chairman

Indian Oil Corporation Limited

On 30th June 2009 Indian Oil Corporation Limited completed 50 years

IndianOil   COMPANY PROFILE

• Indian Oil Corporation is an Indian public-sector petroleum company.

• It ranking 116th on the Fortune Global 500 listing (2008).

• It began operation in 1959 as Indian Oil Company Ltd.

• It operates the largest and the widest network of fuel stations in the country.

• Indian Oil's product range covers petrol-Xtra Premium petrol ,diesel- Xtra Mile
diesel LPG, auto LPG, aviation turbine fuel, lubricants-Servo lubricants , &
kerosene .

  OWNERSHIP COMPOSITION
IndianOil

1%_ Shareholdingpattern
3%.
1%
4%

•Govt.ofIndia
9%
•ONGC

•IndianPublic

•Banks,Fis,InsuCos
•FIls

82% •MutualfundsandUTI

FINANCIAL PERFORMANCE & ACHIEVEMENT

2006-07 2007-08
Turnover (Rs/crore) 220779 247479
Profit After Tax(Rs/crore) 7499 6963
Earnings Per share(Rs) 62.9 58.39
Debt Equity Ratio .78:1 .86:1

IndianOil CASH MANAGEMENT PRODUCT

Cash management product is a facility provided by SBI to its

corporate clients in which collections and withdrawals from
various branches are transferred via electronic mode to their 
respective pooling centers.

The CMP facility can be divided into two Main Modules

The Credit Module of CMP

The Debit module of CMP:

БВинзіча

IndianOil Electronic Mode of Funds Transfer

• National Electronic Funds Transfer (NEFT)

• Real Time Gross Settlement (RTGS)

• ICICI Bank Instruction Card

• Internet

  Percentage collections through

various modes in March 2009

Percentage payments through

various modes in March 2009

•Normal aRTGS/NEFT •Normal•RIGSNEFTmInternet

•Internet •InstructionCard
1%2%
WORKING OF TRANSACTION UNDER SAP
R/3 FINANCE MODULE28%
43% 49%

1 - 54%
Creating the cash receipt of the payment deposited by the
23%
customer – F-28

2 - Printing the cash receipt -YF42

3 - Generating the DCR - YF07

4 - Creating Liabilities for withdrawal account – FB60

5 - To make payments to the vendor – F-53

  CENTRAL SALES TAX

Sales Tax is one of the most important Indirect Tax for 

 purpose of taxation by State Governments .

CST issue following form such as

‘F’ FORM

‘H’ FORM

‘C’ FORM

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§Винзіча PROCEDURE FOR ISSUANCE OF C

IndianOil FORM UNDER CENTRAL SALES TAX.

• PREPARE STATEMENT

• INDENT OF STATEMENT

• SUBMIT ONLINE

• ISSUE OF C FORM

  CONCLUSION

IOCL, there are a large number of such transactions happening

every day in different parts of the country through different
 banks. Monitoring and managing all these cash inflows and
outflows is a difficult task involving transactions taking place at
various levels within the organization as well as with various
 banks across the country.
IOCL has developed an efficient and effective cash
management system based on a standard set of policies and
functions
This system tries to ensure that the accounting and management
of funds facilitates smooth flow of funds and their optimal use.

RECOMMENDATION

• A particular SAP compatible format should be adopted for 

compilation of data at all offices ,so as to remove the need
of formatting and reformatting thus saving time.

• Separate T-codes should be developed in SAP for such reports

so as to reduce manual work as well as better utilization
of SAP facility available.

REFERENCES

- www.iocl.com
 
- http://www.sap.com/malaysia/solutions/safeguarding/pdf/IndianOilCorp.pdf 
 
- Handbook on Banking Functions, HO finance, Marketing Division

- SAP-Do it yourself manual, IOCL

 
- Policy manual, circulars and reports of IOCL .

Thank you

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