Final ppt hj
Download as pptx, pdf2 likes401 views
The document provides information about an internship at TGB Banquets, including: 1) TGB Banquets is part of the Bhagwati group hotel chain founded in 1989, with a 4-star hotel in Ahmedabad and sales of Rs. 49.98 crore. 2) The internship objectives were to study the company's accounting practices, auditing methods, and finance activities such as credit ratings. 3) Key finance activities observed were fixed deposits, credit ratings through agencies like CRISIL and ICRA, and maintaining accounting records in Tally ERP 9.0.
Final ppt hj
- 1. Presentation on Summer Internship Programme at TGB Hiral Aswani -05 Jemini Bhavsar -09
- 2. EXECUTIVE SUMMARY TGB Banquets is in the Hotels sector. Bhagwati group was founded in 1989 by Narendra Somani The CMD of the company. Sales of Rs 49.98 crore and a Net Profit of Rs 3.68 crore for the quarter ended Dec 2013. The TGB group opened a hotel at Ahmedabad namely The Grand Bhagwati in the year 1999.
- 3. Ahmedabads TGB is a four star hotel . Bhagwati banquets has awarded the certificate of excellence for the year 2012 by Trip Advisor. Mr. Somani was also awarded Sindh Bhushan Award by All India Sindhi Association of Industries in the year 2006 as a young entrepreneur.
- 4. MISSION They aim to take their vision not just across Gujarat but to every metro pan India and wherever else their imagination takes them. TGB will soon have its presence across India through Banquets, Conventions, Hotels, Restaurants and Bakerys & Caf辿s at all major tourist destinations.
- 5. VISION The Grand Bhagwati is committed to meeting and exceeding the expectations of their guests, through continuous dedication and perfection by their team, whom they rely upon to make it happen and are committed to their growth, development and welfare, resulting to create extraordinary value.
- 6. Research Objective To analyse the accounting practices adopted by the company in line with the accounting standards. To explore the existing auditing methods and to judge its qualitative performance. To study the finance activities of the company and documentation required.
- 7. The objective was to get an overview of the finance department of a hotel industry . This includes recording of income and expenses of various outlets of TGB , Preparing annual reports and statements , credit ratings etc Decision making on the various aspects of Finance of the company
- 8. Scope This study can be conducted by studying the reports of previous years of the company and comparing the reports with its competitors Decisions can be taken to achieve high ratings
- 9. Limitations The following were the limitations that I faced during my SIP . Since I am a student I could not access each and every thing for my knowledge and thus I was limited up to a certain point for instance Confidential documents were not accessible . Being for a temporary period with the company I was not allowed to get training which company was organizing for their employees so what I could get was a general overview of training and not in particular.
- 11. Research Design
- 12. Accounting Tally ERP 9.0 Ratio Analysis Cash flow & Fund Flow
- 13. Financing Rating: Rating means a classification or ranking of someone or something based on a comparative assessment of their quality, standard, or performance.
- 15. Credit Rating Meaning A credit rating is an evaluation of the credit worthiness of a debtor, especially a business (company) or a government, but not individual consumers. The evaluation is made by a credit rating agency of the debtor's ability to pay back the debt and the likelihood of default. Evaluations of individuals credit worthiness is known as credit reporting and done by credit bureaus, or consumer credit reporting agencies, which issue credit scores.
- 16. Procedure
- 17. Rating Agencies CRISIL(Credit Rating Information Services of India Ltd) ICRA(Information and Credit Rating Services ltd) CARE (Credit Analysis and Research Ltd) FITCH India
- 18. Registration Credit Rating agencies are regulated by SEBI. Registration with SEBI is mandatory for carrying out the rating Business. A registration fee of Rs. 25000 should be paid to SEBI
- 19. Promoter A Credit rating agency can be promoted by: Public Financial Institution Scheduled Bank Foreign Bank operating in India with RBI approval Foreign Credit Rating agency having at least five years experience in rating securities Any company having a continuous net worth of minimum 100 cores for the previous five years.
- 20. Eligibility Criteria Is set up and registered as a company Has specified rating activity as one of its main objects in its Memorandum of Association. Has a minimum Net worth of Rs 5 Crore. Has adequate Infrastructure Promoters have professional competence, financial soundness and a general reputation of fairness and integrity in Business transactions , to the satisfaction of SEBI. Has employed persons with adequate professional and other relevant experience, as per SEBI directions.
- 21. Fixed Deposit Work o Fixed deposit at TGB is unsecured. o Minimum period is for 6 months maximum for 36 months. o Brokerage rates up to 1 year-1% up to 2 year- 1.5% and up to 3 year- 2%. o Register of deposit is to be maintained for 8 years.
- 22. Schemes of fixed deposit Cumulative deposit- compounding interest Non-cumulative deposit- simple interest Non-Cumulative deposit cumulative Period Minimum Amount Rate of interest (%p.a.) 1 10000 11.75 2 10000 12.25 3 10000 12.50 Perio d Minimum amount Payable on maturity Yield (% p.a.) 1 10000 11228 12.28 2 10000 12729 13.64 3 10000 14467 14.89
- 23. Recording all the information of the depositors as per the available forms in excel sheet.
- 24. Auditing
- 26. 7S Model
- 27. Barriers to entry Bargaining power of supplies Bargaining power of consumer Rivalry among competitors Exist of barriers Porters 5 Force Model
- 28. Conclusion We have concluded that hotel management industry is growing rapidly in current market scenario. The Grand Bhagwati has awarded the certificate of excellence for the year 2012 by the trip advisor. The working style of The Grand Bhagwati is systematic and very effective for growth.