SUMMER PROJECT REPORT ON “FINANCIAL PLANNING AND FORECASTING” Submitted in the partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION AMRITA SCHOOL OF BUSINESS By Vignesh S (BL.BU.P2MBA09059) Under the guidance of Industry Guide Faculty Guide V. Karthikeyan Prof. Usha Nandhini Manager - Finance PGP Chair Royal Classic Group Amrita School of Business Tirupur Bangalore
DECLARATION I, Vignesh S, a second year MBA student of Amrita School of Business, Amrita Vishwa Vidyapeetham hereby declare that project titled “Financial Planning and Forecasting” was done by me under guidance of Dr. Usha Nandhini, (PGP Chair-MBA Program), Amrita School of Business and Mr. V. Karthikeyan, Manager – Finance, Royal Classic Group Tirupur during April – June 2010. I also declare that this project is not submitted by me for award of any degree, diploma, literature or recognition earlier. Vignesh S 18th June, 2009 Bangalore
ACKNOWLEDGEMENT I am grateful to thank Royal Classic Group for giving me this great opportunity to do my Summer Internship Project with them. I take the privilege to sincerely thank Mr.R.Sivaraman, Executive Director, Royal Classic Group, in creating the opportunity for a summer project in the finance department. I would like to thank D. Joshua Chithambaram Vice President-Finance, my Industry Guide Mr. V. Karthikeyan Manager -Finance, Royal Classic Group for his guidance and support during the entire course of the project. I am also thankful to Mr. Kirthivasan, (Industry coordinator for summer internship) Brand Executive, Royal Classic Group, for making everything possible for me during the entire course of the project. I am thankful to the Core Finance Team, of the company for their guidance, support and encouragement to give my best during the Internship Program. I specially thank all the Managers, Officers and the Staff members with whom I interacted during the course of my project for their support and cooperation. I also take great pleasure in thanking my faculty guide, Dr. Usha Nandhini Chairperson MBA program, Amrita School of Business, Bangalore, for giving me the moral support and inspiration to perform well and make the Summer Internship Project successful. I then take the opportunity to thank Ms. Chitra Harshan, Placement Coordinator, without whose help, I wouldn’t have got such a wonderful corporate exposure at Royal Classic Group, Tirupur. I would like to heart fully extend my thanks and gratitude to my family for supporting and instilling confidence in me in all ways. Above all, I thank the Almighty for His presence within me and without whose grace the endeavor of mine would not have been successful.
Executive Summary The internship project on “Financial Planning and Forecasting” has been a very good experience. Every manufacturing company has to forecast its financial position for better decision – making. An organization risks can be reduced and the efficiency can be increased through efficient planning. At the same time company needs to plan about its future
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