Managerial Relationship In Business Management

CHAPTER 1

1.1 INTRODUCTION ABOUT INTERNSHIP

An internship is chance for the student to gain useful experience. When the placed into this working order, students develop their concept of different managerial structures and different working relationship within the work place. In order to be obtaining academic credit for this knowledge the intern is required to complete an internship report as described in below.

Responsibilities during internship

• To consult with the faculty advisor

• To provide proper reports and papers each week ,the students is required to submit a suggestion paper that provides their opinion of work week

1.2 TITLE OF STUDY

“A study on Ratio Analysis at HAL, Light compact aircraft-PG Bangalore.

1.3STATEMENT OF THE PROBLEM

 IT department:The objectives of the department are to guide, support,and train the employees with new software implementation and supporting the usage. And also this department will carry the system administration and maintenance activities.

 Stores:The objective of the Store services, which form a part ofMaterial management, is to support production activity by ensuring availability of the material at the least final cost. The stores function comprises of Receipt, Storage, issue of materials and Supporting Inventory Control Management, Disposal of Surpluses and Scrap. The objective of this department is to coordinate with shop assembly in manufacturing the items

Competitors Details

As in case of HINDUSTAN AERONAUTICS LIMITED there is no competitor in India since HAL is the sole leaders in manufacturing and servicing of Fighter Aircraft and Helicopters for Indian Defense applications. But internationally many competitors are there in aircrafts for example Russian aircrafts and American aircraft like BAE,

FIXED ASSET

Land received free from the state government till 31st March 1969 has not been valued. Such lands, which have been taken over by the company after 1st April 1969, have valued at estimated fair price ruling on date of taking possession. Land, other than the above, has been capitalized at the cost to the company expenditure on development is shown under land.

The gross block of fixed assets (other than land acquired free from the state government) is stated at cost of acquisition or construction including any cost attributable to bringing the assets to their working conditions for theirintended use. With effect from 1st April 2000, borrowing cost whether specific or general, utilized for acquisition, construction or production of qualifying assets are capitalized as part of cost of such asset, till the activities necessary for its intended use or sale are complete.

 Fixed asset acquired with financial assistance from outside agencies either wholly or partly are capitalized at net cost to the company.

 Where the actual costs of fixed/current assets are not readily available, they are accounted initially on provisional basis but adjusted subsequently to cost when