Dear Sir,

I am in need of support for preparing synopsis on working capital management for IGNOU MBA. Hence, kindly request you to help me in this regard

Thanks

Yacob.P.P.
Bahrain
+973 36698670

pdf synopsis on working capital management

The Indian Hotels Company Limited (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognised as one of Asia's largest and finest hotel company. Incorporated by the founder of the Tata Group, Mr. Jamsetji N. Tata, the company opened its first property, The Taj Mahal Palace Hotel, Bombay in 1903. The Taj, a symbol of Indian hospitality, completed its centenary year in 2003. Taj Hotels Resort and Palaces comprises more than 60 hotels in 45 locations across India with an additional 15 international hotels in the Malaysia, United Kingdom, United States of America, Bhutan, Sri Lanka, Africa, the Middle East and Australia.Spanning the length and breadth of the country, gracing important industrial towns and cities, beaches, hill
stations, historical and pilgrim centres and wildlife destinations, each Taj hotel offers the luxury of service, the apogee of Indian hospitality, vantage locations, modern amenities and business facilities. Every business needs finance for two purposes- for its establishment & to carry day to day operations. Long-term funds are required to create production facilities through purchase of fixed assets such as plant & machinery, land & building, furniture etc.
Funds are also needed for short term purposes- for purchase of raw materials, payment of wages & other day to day expenses etc. These funds are known as working capital. In simple words working capital refers to that part of firm’s capital which is required for financing short term or current assets such as cash, marketable securities, debtors & inventories etc. Funds, thus, invested in current assets keep revolving fast & are being constantly converted into cash & these cash flows out again in exchange for other current assets. Hence, it is known as revolving or circulating capital or short term capital.
Working capital may be classified into two ways firstly ,On the basis of concepts and Secondly ,On the basis of time.On the basis of concepts working capital is classified as Gross working capital & Net working capital. On the basis of time working capital is classified as permanent or fixed working capital & temporary or variable working capital.