SAIL ISP BURNPUR TURN OVER STEEL AS ON 31- 03-2008

PRODUCT CODE QTY VALUE

JOISIS 5031101 938.510 34600741.75

CHANNELS 5031201 23597.309 768707815.12

ANGLES 5031301 16772.451 539717054.26

ROUNDS 5031701 559.350 11718377.06

TOR/ TMT 5031901 38839.080 1252057111.42

FLATS 50383301
RAILS 5038301 535.180 24156180.00

SAMIS 5030101 44440.930 1252057111.42

SLABS 5030120
Z.SECTION 5033902 10013.510 473674848.01

Z.PILING 5033903 365.690 17974330.75

STEEL PAR BAR
COLL ARCH 5033904
RIBBED BAR 5031801
TTASTAR 5031401
SUB 96062.010 3225253924.02

STEEL SCRAP 5044001 8506.230 174620434.89

INGOT 5044101
SUB 16500.550 324785555.30

EXP INCENT 5260000 5833975.30

STEEL 5211901 4006.360 82230516.04

…………………………………………………….
TOTAL 116568.920 3636103970.88
 A PROJECT REPORT ON SAIL-
ISP BURNPUR
(WEST BENGAL)

STEEL AUTHORITY OF INDIA LIMITED

 ACKNOWLEDGMENT

IT IS MY GREAT PLEASURE TO HAVE DONE PROJECT TRAINING IN FINANCE DEPARTMENT OF

ISP, BURNPUR. DURING THE PROJECT WORKS , I GOT THE OPPORTUNITY TO VISIT ALMOST
EVERY DEPARTMENT AND MEET THE FOLLOWING EXECTUTIVES, WHO GAVE PERSOLNAL
ATTENTION TO ME WHILE EXPLAINING THE FUCTIONING OF THE FACTORY & THE
ORGANIZATION
AS A WHOLE. ANY PROJECT IS NOT AN OUTCOME OF A GREAT EXPERIENCE TO LEARN FROM
THEM.

I WOULD LIKE TO EXPRESS DEEP GRATITUDE AND RESEPECT TO ALL FOR THEIR
WHOLEHEARTED SUPPORT, WITHOUT WHOSE HELP ME PROJECT WOULD NOT HAVE BEEN
COMPLETED. A FEW AMOUNG THEM WERE.

MR. S.K. PRATIHER D.G.M [H.R.D CENTRE]

MR. ISHWER LAL PATEL TRAINING OFFICER [H.R.D CENTRE]
MR. A.K MONDAL A.G.M [H.R.D CENTRE]
MR. KANAD CHATERJEE Jr. Manager [H.R.D CENTRE]
MR. DILIP KUMAR NAG SR. ENGEENERE (EME)

I WOULD ALSO LIKE TO EXPRESS MY DEEPPEST GRATITUTE TO RESPECTED SIR, MR. JAPEN DAS
(D.G.M FINANCE), FOR HIS WHOLEHEARTED SUPPORT, WITHOUT WHOST HELP THIS PROJECT
WOULD NOT HAVE BEEN COMPLECTED. HE GUIDED ME THROUGH THE OROJECT AND HALPED
IN THE RESEARCH PROCESS.
 DECLARATION

I DO HEARBY UNDERTAKE TO STATE THAT I, SRI DEBASISH NAG, A STUDENT OF P.G.D.B.M / M.B.A
HAVE PREPARED THIS PROJECT ON THE STUDY OF INVOISEING & VAT SYSTEM OF SAIL-ISP
BURNPUR.
TO FULFILL THE PARTIAL REQUIREMENT TO COURSE OF P.G.D.B.M / M.B.A TAKEN UP IN
N.I.M.T B- SCHOOL MOHAN NAGER GHAZIABAD (U.P). APPROPED BY A.I.C.T. E MINISTRY OF
H R D GOVT OF INDIA .

I ALSO FURTHER THAT THE PROJECT HAS BEEN PREPARED OF MY OWN WITH
THE SECONDARY DETA PROVIDED BY THE COMPANY WHICH IS ESSENTIAL
FOR THE COMPLETION OF THE PROJECT.

PRIYABRATA DAS
NATIONAL INSTITUTE OF MANAGEMENT
AND TECHOLOGY. MOHAN NAGAR
GHAZIABAD (U.P)
ENROLLMENT NUMBER: - 27344
 TO WHOM SO EVER IT MAY CONCERN

This is certify Mr. Priyabrata Das a student of PGDBM, have prepared this project of the study
Of Finished goods with Central Excise & VAT system of SAIL- I.S.P on the basic of the information
explanations by the company.
This project is highly considered to fulfill the requirement for the course completion of
PGDBM / MBA taken up, NIMT B-SCHOOL Ghaziabad (U.P).

I further add on the words that Mr. Priyabrata Das is a sincere and hard working student
Who has prepared this project by his own with dignity and diligence.

Mr. Japen Das

(D.G.M, Finance)
External guide (I.S.P-SAIL)
BURNPUR (W.B)
 INTRODUCTION TO THE COMPANY

A BRIEF HISTORY OF SAIL-ISP, BURNPUR

SAIL-ISP BURNPUR IS ONE OF THE OLDEST STEEL PLANTS IN INDIA. IT WAS ESTABLISHED IN 1918 AS PIG IRON
IRON PRODUCTION UNIT. IT WAS KNOWN AS INDIAN IRON & STEEL CO. LTD (IISCO). NOW IT WAS KNOWN
AS SAIL-ISP, BURNPUR AFTER MERGING WITH STEEL AUTHORITY OF INDIA LTD.(SAIL) ON 16 TH February
2006. THE BRIEF HISTORY OF SAIL-ISP, BURNPUR IS GIVEN BELOW IN CHRONOLOGICAL ORDER:-

1870:- BENGAL IRON WORKS WAS ESTABLISHED AT KULTI.

1874:- THE BENGAL IRON WORKS, KULTI, STARTED TO USE COAL IN PLACE OF CHARCOAL.

1882:- THE BENGAL PRESIDENCY GOVT. TOOK OVER THE BENGAL IRON WORKS AND RETAINED IT
BARRACKPUR IRON WORKS.

1889:- THE BENGAL IRON & STEEL COMPANY ACQUIRED THE BARRACKPUR IRON WORKS .

1890:- KULTI PRODUCES 40 THOUSAND TONES OF PIG IRON PER ANNUM RENAME AS THE BENGAL
IRON & STEEL CO. LTD.

1918:- INDIAN IRON & STEEL COMPANY WAS FORMED.

1922:- IISCO STARTED PRODUCING PIG IRON.

1926:- BENGAL IRON & STEEL COMPANY LTD. RENAMED AS BENGAL IRON CO LTD.

1936:- BENGAL STEEL COMPANY LTD. WORKS WENT INTO LIQUIDATION AND WAS MERGED
WITH IISCO.

1936:- STEEL COMPANY. OF BENGAL FORMED.

 1950:- PLANNING COMMISSION WAS SET UP IN MARCH.

1952:- STEEL CORPORATION OF BENGAL MERGED WITH IISCO.

1954:- HINDUSTAN STEEL LTD, WAS FORMED ON 14TH JANUARY.

1964:- IISCO STANTON PIPES & FOUNDERY LTD, FORMED AT UJJAIN.

1972:- GOVT, TOOK OVER THE MANAGEMENT OF IISCO ON 14TH JANUARY.

1973:- SAIL WAS FORMED ON 24TH January.

1978:- IISCO BECOMES WHOLLY OWNED AS A SUBSIDIARY OF SAIL.

2005:- SAIL TOOK THE CONTROL OF IISCO.

2006:- IISCO MARGED WITH SAIL ON 16TH February & IT IS

KNOWN AS SAIL-ISP.
IISCO STEEL PLANT(ISP)
ISCO Steel plant (ISP), an integrated steel plant in BURNPUR, has the capacity to produse
4.26 Lakh tonnes of saleable steel and 2.54 Lakh tonnes of pig iron annually. ISP, the erstwhile
Indian iron & steel company (IISCO), which was 100% subsidiary of steel authority of India
Limited (SAIL), has been amalgamated the parent company with effect from 16 th February2006.

ISP produced a large number of steel structural and special section as well as pig iron.
The plant pioneered the production of centre – sill Z- section used in the fabrication of
Wagon and Z-type sheet piling section used in construction of barrages, bridge foundation
And other projects and colliery arch section used for roof support in collieries. The plant has
Also developed slit rolling for diameter (10mm and 12TMT), which in high demand in the
Domestic market.

The plant is set to modernization – cum – capacity expansion through which its hot metal
Production capacity will be raised to 2.5 MT by 2011-12.

ISP is accredited with ISO 9001: 2000 QMS for its Heavy structural Mill and Marchent &
Rod Mill. It has also Awarded ISO 14001:2004 EMS for its entire Rolling Mill complex
 FINANCIAL HIGHLIGHTS

PARTICULARS SAIL IISCO STEEL PLANT

2004-05 2005- 06 2006-07 2004-05 2005-06 2006-07

Gross Sail 24178.48 31800.02 32279.75 1051.26 1487.29 1358.58
Other Incomes 392.42 1617.03 2587.90 131.13 379.41 202.67
Exenditure 19920.67 22319.70 27486.85 1117.77 1768.40 1776.73
Operating profit 4650.23 11097.35 7380.80 64.62 98.30 (215.48)
Depreciation 1122.59 1126.95 1207.30 13.76 27.25 26.73
Interest&Financial Changes 899.43 605.05 467.76 13.77 24.46 15.41
Profit befor tax 2628.21 9365.35 5705.74 27.09 46.59 (257.62)
Provision for tax 116.13 2548.38 1692 0.00 0.00 0.00
Profit after tax 2512.08 6816.97 4012.97 27.09 46.59 (257.62)
Equity capital 4130.40 4130.40 4130.40 378.66 378.66 0.00
Reserves & Surplus 528.77 5881.32 8255.19 (1007.88) (961.78) (1208.22)
Net worth 4659.17 10011.72 12385.59 (620.22) (574.02) (1208.22)
Total Loans 8688.76 5769.79 4297.62 268.01 205.61 64.00
Capital work-in-progress 382.20 366.48 757.94 27.89 21.75 29.44
Net fixed assets 13153.85 12485.07 12162.14 293.31 301.71 348.21
Total current assets 8030.28 14187.43 17383.73 322.84 435.89 589.98
Total current liabilities 5967.23 6608.11 8108.11 730.10 734.34 807.37
Working capital 2063.05 7579.32 9275.62 (397.26) (298.45) 217.39
Capital employed 12216.90 20064.39 21437.76 (103.99) 3.26 130.82
Cumulative profit 22.69 4758.77 7950.78 (954.57) (910.27) (1167.89)
Net sales 20786.77 27666.26 27084.20 928.96 1348.25 1334.69
 BALANCE SHEET

PARTICULARS SAIL IISCO

Steel plant
2004-05 2005-06 2006-07 2004-05 2005-06 2006-07
A Source of funds
Equity capital 4130.40 4130.40 4130.40 378.66 378.66 0.00
Reserve and surplus 907.27 6176.25 8471.01 5.70 6.59 1.70
Deferred revenue exp (378.50) (294.93) (215.82) (59.01) (58.01) (42.03)
Debit bal. of P/L a/c 0.00 0.00 0.00 (954.57) (910.27) (1167.89)
a) Net worth (1+2+3+4) 4659.17 10011.72 12385.59 (620.22) (574.12) (1208.22)
b) Deferred tax liability 0.00 1844.31 1484.86 0.00 0.00 0.00
c) Total loans 8688.76 5769.79 4297.62 268.01 205.61 64.00
Prov.A.Gratuity& A. leave 2419.11 2864.56 3513.57 243.95 349.52 434.05
Prov. Retirement benefits 366.30 479.93 490.33 24.62 36.70 41.50
d) Total 2785.41 3344.49 4003.90 268.57 386.22 475.55
Total(A+B+C+D) 16133.34 20970.31 2171.57 (83.64) 17.71 (668.67)
B Application of Funds
Gross fixed assets 27712.71 28043.48 29360.46 818.83 849.37 890.64
Less: Depreciation 14558.86 15558.41 17198.32 525.52 547.66 542.43
e) Net Fixed Assetss 13153.85 12485.07 12162.14 293.31 301.71 348.21
f) Net Capital WIP 202.22 153.01 441.81 20.24 14.39 24.61
Others
Investment 543.17 606.71 292.00 0.07 0.06 0.06
Lonans& Advanced to sub.co 171.05 146.20 0.00 0.00 0.00 0.00
IUCA Net 0.00 0.00 0.00 0.00 0.00 (824.16)
g) Total others 714.22 752.91 292.00 0.07 0.06 (824.10)
Curent ASSETS
Inventories 3081.44 4220.69 6210.06 147.12 222.43 368.12
Sundry Debtors 1549.96 1908.45 1881.73 57.61 53.36 64.39
Cash& bank Bal 2017.16 6132.12 6172.64 99.74 128.03 126.68
Other current assets 86.18 142.18 85.48 0.18 1.28 1.35
Loan & Adv. Toothers 1295.54 1783.99 3033.82 2801.90 30.79 29.44
h) Total Current Assets 8030.28 14187.43 17383.73 332.84 435.89 589.98
LESS CURRENT LIBILITIES

Sundry Creditors 1600.83 1994.03 2111.23 374.35 211.07 223.21

Security deposits 191.83 209.67 232.30 14.59 17.49 17.88
Other Liabilities 2433.36 2361.75 2532.04 321.64 167.06 146.74
Provisions 1741.21 2042.66 3232.54 19.52 338.72 419.54
Total current liabilities 5967.23 6608.11 8108.11 730.10 734.34 419.54
Working Capital (h-i) 2063.05 7579.32 9275.62 (397.26) (298.45) (217.39)
Total (e+f+g+j) 16133.34 20970.31 22171.57 (83.64) 17.71 (668.67)
Capital employed (e+j) 15216.90 20064.39 21437.76 (*103.95) 3.26 130.82

ISP CAPISITY EXPENSION PLAN

EXISTING FACILITIES
 FACILITY CAPACITY mtpa Yr of installation
Coke oven batteries 1.0 500m3 1922/24 1170m3
No.8,9,&10 1958
Twin hearth furnace 0.55 1999/2004
Blooming mill 0.55 1939
Heavy structure mill 0.15 1939
Light structure mill 0.10 1939
Billet mill 0.30 1953
M&R mill 0.18 1960

Need for expansion

1. plant is operating with outdated technology. Most of the equipment used for production purpose
are very old not relevant also.
2. high coke rate and low productivity of blast furnace are all so a big problem.
3. the steel making process at SAIL-ISP is a energy intensive process which result in higher
price for steel.
4. Low yield of finished steel du to ingote route.
5. Lack of automation.
6. The main reason is high cost of production which is hampering its market and
Performance.

Silant features of major facilites as purposed

Design consideration

1. Best commercially proven technology available in the world will be used for the
Expansion plan.

2. Advance of economy of scale will be achieved through optimum sizing.

3. It will be a fully automated plant.
4. Adherence to pollution control norms

INFRASTRUCTURE

Land total requrment ……………… 965 acres

 Already available ……………… 600 acres
Being acquired ………………. 365 acres

Railways

Rites have been assigned for railway yard development

There is all so planning for setting up a new raw material receiving yerd with linkage from
SER and also to dispatch yard connecting ER

ROAD
New approach road from NH-2 to new site will be development

POWER

Maximum demand …………….160MW

Own generation …………….65MW
IMPORT …………… 95MV
POWER WILL BE PROCURED EITHER BY SETTING JOINT VENTURE WITH BOKARO STEEL
PLANT OR FROM DVC. DVC IS CONSTRUCTING A NEW 220 KV SUBSTATION.

WATER

Additional requirement of water is about 1000m3/hr,from Damodar river.

GAS requirement
OXGEN 1465TPD
NITROGEN 520TDPe
ARGON 41TDP
All gases will be generated in the new capacity oxygen of SAIL-ISP
IMPLEMENTATION SCHEDULE AND STRATEGE
Completion within 36month from the date of final approval the total expansion plan has been divided into 45
Packets and most of them will be completed on basis major technological units up to blast furnace will be all
Turnkry projects sms rolling mills excluding civil structural mill will also be constructed on turnkey basic.

.
  MEJOR FACILITIES UNDER EXPANSION PLAN

UNITS FACILITY PRODUCTION MTPA

COCK OVEN BATTERY NEW(7M*67OVENS) 0.78
REBUILT(405M*780OVENS) 0.686
SINTER PLANT 2*204M2 3.8
BLAST FURNACE 2NOS
NEWN1* 4060M3 2.7
REBUILT 1*530M3 0.21
STEEL MELTING SHOP 3* 150TBOF 2.559
BILLET CASTER 2*6STRND 1.67
BEAM BLANK CASTER 1*4STRND 0.8
ROLLING MILL NEW UNIVARSAL MILL 0.60
NEW WIR&BAR MILL 1.25
HEAVY STRUCTURAL MILL 0.15
LIGHT STRUCTURAL MILL 0.10
MARCHENT MILL 0.18
OXIZEN PLANT OWN 2*750tdp

CAPITAL BUDGETING ANALYSIS (PAYBACK PERIOD)

 SUMMERY OF CAPITAL COST RS/CRORE

 PLANT AND EQUPIEMENT INCLUDING EDG 8033

 Enabling inastructure 213
 Railway exchange yard 320
 Contingency 404
 Fixed capital cost 8974
 IDC 618
 Total capital cost 9529
 Cenvat 721
 Investment 8871

The total plant and equipment cost of the expensition project is estimated at rs 8033 crores and the
Total cost of the project is 9592 crores.Once the new plant will become operational the sails figher
Of the IISCO steel plant is expected to be in the turn of rs 4000 crores and is supposed to increased
10% year. The cost of production is also expected to the turn of rs2700 crore during year 2010-11
And is expected to grow at the rate 8%-10% every year ,ISP follows straight-line depreciation for tax
Calculation.
After completion the project cash inflow and cash outflow will be as follow.
PARICULAR 2010- 2011- 2012- 2013- 2014- 2015- 2016-
11 12 13 14 15 16 17
SALES 40000 4400 4840 5320 5860 6500 7000
EXPENDITURE 2700 2970 3250 3550 3550 4400 4900
OPRATING 1300 1430 1590 1770 1770 2100 2100
PROFIT
9-ODEPRECTION 803.30 803.30 803.30 803.30 803.30 803.30 803.30
PBT 496.70 656.70 786.70 967.70 1106.70 1296.70 1296.70
- TAX @35% 173.84 219.35 275.35 338.55 408.45 453.85 453.85
PAT 322.86 407.35 511.35 628.75 698.25 82.85 842.85
DEPRECATION 803.30 803.30 803.30 803.30 803.30 803.30 803.30
CFAT 1126.16 1210.65 1314.65 1432.05 1501.05 1646.15 1646.15
 Pay back period of the project

YEAR CFAT CUMULATIVE PAY BACK PERIOD

CFAT
1 1126.16 1126.16 8033-6689.06 = 1343.94
2 1210.65 2440.81 5 YEAR
3 1314.65 3755.46 {1343.94/1646.15} YEAR
4 1432.05 5187.51 = 5 YEAR 9 MONTH
5 1501.55 6689.06 AND 23 DAYS
6 1646.15 8335.21
7 1646.15 9981.36
 SHORT ANALYSIS
STRENGHTS:

 The importance of the Real Esate sector, as an engine of nations growth.

 It is the second largest employer next only to agriculture and its size is close to US $ 12billion.
 Five per cent of the counteys GDP is contributed by the housing sector.
 The real Esate Industry has significant linkages with several other sector of the ecnomy and over
250 associated industries. One Rupee invested in this sector results in 78 Paise added to the GDP
Of the state.

WEAKNESS:
 In some states the Stamp Duty is as high as 14-15% of the value of
the transaction .

 Astonishingly in the India context, not only are the rates high, but also
the levy of Stamp Duty is applicable in every subsequent transaction.
 The existing foreclosure laws are cumbersome as will as time
consuming and make it practically impossible for housing Finance
Industitutions (HFIs) to respossess a dwelling unit financed.
 The land Acquisiting Act of 1894, still, to a large extent , governs the
procurement of law land.
 The Present FDIpolicy requiresa minimum capitalization of US $
5million is in relation to a single foregion investoror is it the total
contribution of multiply foregion investoror is it the total contribution
of multiply foreign investorsinvesting in the project in India.
 No rational has been provided for exclusion of services in relation to
construction of residential bungalows which may not form part of a
“residential comp
OPPORTUNITIES:
 Builders and developers can construct the property and them hand it over to
the retailers.
 If the company grows at the rate of 10% the housing sector has the capacity
to grow at 14% and generate 3.2 million new jobs over a decade.

 A fast growing area is the I.T and I.T – enabled services along with the BPO
boom. Estimates worked out show that 42 million sq.ft of speace will be required
every year till2008.
  The Tenth Five-Year plan estimated a shortage of 22.4 million
dwelling units. Thus, over the next 10 to 15 year, 80 to 90 million
housing dwelling unit will have to be Contructed.
 The Government should consider sitting up of Real Estate Mutual
Fund Investment trusts to provide the much needed support to the
cash Investment trusts to provide the much needed support to the cash
starved housing sector.
 The decision to liberalise the FDI norms in the construction sector is
perhaps the most significant economic policy decisions taken by the
Government. Unit now, only Non-Resident Indians (NRIs) and
Persons of Indian Origian (PIOs) were permitted to invest in the
housing and the real esated sector. Foreign investors other than NRIs
were allowed to invest only in development of integrated townships
and settlements.

THREATS:

 Abolition of service tax on the construction especially the housing

sector. Conversely, if the abolition per se is not possible then drastic
modifications in the existing service tax norms is the need of the hour.
This sector is already overburdened with taxes; any future imposition
of taxes in any form would adversely affect the growth of the
company.
 A necessary legal and policy framework has to be put in place to
restrict growth of slums.
 The land Acquisition Act of 1894, still to a large extent, governs the
procurement of law land. With the changing investment scenario it
has become necessary to review the existing law.
 The government is currently talking about single window clearances
in most sector to encourage investment, however as far as the real
estate sector is concerned, presently clearances are required from 8/9
different agencies.

The Construction Industry is already subject to a number of taxes and is

considered as one of the o rdened tax segment.
 CASH FLOW STATEMENT
CASH FLOW STATEMENT 2005-06 2006-07

A. erating activities
B. Cash flow from operating activities
Net profit(+) loss(-) before taxation extraordinary items 27.09 -182.23
Add. Adjustment for:
Deprecation 24.05 23.22

Interest Expenses 13.77 10.33

Bad debts written off 0 0.34

Deferred revenue expenditure(Charged during the year) 15.20 13.89

Less: Adjustment for:

Walver of loan 0 44.68

Walver of interest on FL’s & Bank 4.39 0.19

Interest income 0.02 0

Dividend income 28.35 -179.32

Operating profit before working capital change

Less: Adjustment for:
Inventory 8.69 -40.43

Sundary Debtors -5.51 -8.74

Loan & Advance 1.41 -3.93

Current Liabilitise & Provision 112.54 -241.13

Net cash form Operating Activities -162. 112.43

 B.Cash flow form Investment Activities
Purchase of Fixed Assets 45.95 5.38

Interest received -4.43 -0.28

Dividend received -0.02 0
Net Cash form Investment Activities 41.5 5.1

C.Cash flow from Financing Activities

Bond issue Expencses -0.05 0

Differed Revenue Expenditure(Additions) 73.77 2.48

Proceeds from Borrowing(Net) 161.85 11.77

Interest and Finance Charges paid -5.90 -6.82

Net Cash for financing Activities 155.9 18.59

Net increase/ Decrease in cash cash Equivalent(A-B+C) -48.15 125.92

Cash &Cash Equvelents(Opening) 99.74 147.89

Cash & Cash Equvelents(Closing

.
 FIANCIAL POSITION
LIBILITIES 2005-06 2006-07 2007-
08

a) Paid up Capital

1) Government 0.00 0.00 0.00

2) Other 387.66 387.66 387.66

b) Reserves&surplus
1) Free Govt of India 0.00 0.00 0.00

2) Share Premium Account 0.36 0.36 0.31

3) Special Reserve 3.15 3.10 5.39

c) Borrowing
1) From Govt India 0.00 0.00 0.00

2) From Financial Intitutes/Bank 31.95 31.95 1.50

3) Foreign Carrency Loans 0.00 0.00 0.00

4) Cash Credit 59.34 62.81 29.55

5) Other 44.68 8.30 233.86

Total Borrowing(1 to 5) 135.97 103.93 264.91

6) Intarest Accrued and due 43.42 46.93 3.10

d)
1) 651.07 843.28 718.76
Current Liabilities & Provisions(excluding
Gratuity, Accrued leave, Post Retirement
 Medical Benefit & TA and EFBS)
2) Provision for Gratuity, Accrued Leave, 209.14 271.42 287.56

Post Retiements Medical &TA and EFBS

TOTAL 1430.77 1665.81 1667.67

ASSETS
e) Gross Block 793.74 799.49 818.83

f) Less: Depreciation 487.57 506.48

g) Net Block 306.17 506.48 525.52

h) Capital Work in Progrss 11.93 6.65 27.89

i) Investment 0.07 0.07 0.07

j) Current Assets, Loan & Advances 797.14 979.37 954.57

TOTAL 1430.77 1665.81 1667.67

m) Working Capital -390.86 -513.85 -389.02

n) Capital Employed -84.69 -2.20 -95.71

O) Net worth -420.95 -591.79 -625.6
 RAW MATERIALS BUDGET

SAIL-ISP
BUDGET YEAR 2007-08
27 FEB- 08
PROCUREMENT CONSUMPTION
ITEM

QUT RATE AMT QUT RATE AMT

A.COOKING
COAL
-Imported 763.0 6277 47894 740.3 6277 46468
-Indigenous 480.0 4611 22134 478.2 4611 22052
TOTAL(A) 1243.0 5634 70028 1218.5 5623 68520

B. OTHER
RAW METRIALS:
-Iron ore lump 1764.0 734 12950 1733.5 734 1273
-Limestone 100.0 1216 1216 91.1 1216 1108
-Limestone-SMS 46.0 2200 1012 43.7 2200 962
-LD slag 105.0 364 382 100.0 364 364
-Dolomite-BF 125.0 698 873 118.5 698 827
-Dolomite-SMS 76.0 1113 846 73.8 1113 821
-Manganese ore ___ _____ ____ ____ _____ ____
-Ferro-Manganese 5.0 31482 1574 5.2 31482 1629
-Si-Manganese 3.0 29438 883 2.9 29438 842
-Furrow-Silicon 0.7 38533 250 0.7 38533 252
-Aluminum 0.2 107819 226 0.2 107819 226
-Copper 0.182 399163 718 0.180 399163 718
-Sculptures Acid 9.0 2938 264 8.1 2938 238
-Quartzite 9.0 419 38 9.2 419 38
-Other 450 414
TOTAL 21683 21166
C.GRAND TOTAL
91711 89686
 PRODUCTION PLAN – IRON & STEEL

SAIL – ISP
BUDGET YEAR : 2007-08
27 FEB 2008
PARTICULARS UNIT BEST PREVIOUS CURRENT YEAR
ACHIVED YEAR BUDGET UPTO BUDGET
SEPT LIKELY YEAR
IN LAST ACTUALS
5 YEARS
CVEN PUSHING NOS/DAY 165.9 168.0 170.3 170.0 170.0
BF &NUTCOKE(DRY) OOOT 741.2 740.6 381.2 756.0 757.8
HOT METAL OOOT 1300 779.6 850.0 379.3 781.0 900.0
PIG IRON-TOTAL OOOT 212.9 270.0 81.7 179.0 260.0
INGOT/LIQUID STEEL OOOT 1000 433.5 500.0 225.1 467.0 540.0
INGOT ROLLING OOOT 393.4 510.0 207.5 455.2 545.0
SALEABLE STEEL:
-BLOOMING MILL OOOT 23.0 12.0 15.8 36.0 28.0
-BIILLET MILL OOOT 42.8 74.0 22.9 50.5 73.0
-HS MILL OOOT 96.6 120.0 53.9 115.5 130.0
-LS MILL OOOT 68.7 83.0 35.8 79.9 95.0
-MR MILL OOOT 82.4 135.0 51..6 121.5 155.0
TOTAL SALEABLE OOOT 313.8 424.0 180.0 403.4 481.0
STEEL(including IPT Billet
From DSP)
 STOCK ACCRETION/DECRETION
SAIL-ISP
BUDGET YEAR-2007-08
27-FEB-2008

TEYS OPENING STOCK AT CLOSEING STOCK AT STOCKACCR/ TOTAL

PLANT STOCK YEARD EXPORT YEARD TOTAL STOCK YARD EXPORT YARD TOTAL
QUT AMT QUT AMT QUT AMT QUT AMT QUT AMT QUT AMT QUT AMT QUT AMT
PIG IRON 15.0 227 15.0 2271 15.0 2771
SALEABLE STEEL 20.0 519 10.0 2618 30.0 7809 18.8 4935 10.0 2618 28.8 7553 412 -256
IN PROCESS 9860 8963 -897
SECONDERY
PODUCT&OTHRES 5693 5693

TOTAL 7462 2618 0 7260 2618 0 -1153

POWER & FUEL BUDGET

SAIL – ISP
BUDGET YEAR :2007-08
27-FEB-2008
PREVIOUS YEAR ACTUAL CURRENT YEAR BUDGET BUDGET YEAR

PARTICULARS UNIT QTY RATE AMT QTY RATE AMT QTY RATE AMT

A- POWER

- DUTYON OWN MWH 139024 55 166440 200 333 135274

GENEITION
-PURCHASE MWH 111236 3649 131400 3503 4603 209059 2996 6263
TOTAL 3704 4936 6263
B- FUELS
-BOILER COAL OOOT 157.783 1655 2611 160.7 1407 2260 203.477 1587 3230

- FURNACE OIL OOKL 25

TOTAL FULE 2636 2260 3230

TOTALPOWER &
FULE (A-B) 6340 7196 9493

TECNO NO – ECNOMIC INDICES

 SAIL-ISP
BUDGET YEAR: 2007-08
27-FEB-2008

PARTICULER UNIT BEST ACHIVED PREVIOUS CURRENT YEAR BUDGET

IN LAST 5 YEAR YEAR NORM UPTO YEAR
ACTUALS SEPT

A . COKE OVEN
- Important Coal in blend % 37.1 37.1 30.0 46.2 61.0
- Prime Coal in blend % 73.0 53.2 52.0 39.6 34.0
- Mediam/Blendable in blend % 24.9 9.3 18.0 14.2 5.0
-Coal charges per oven T 17.5 17.5 17.5 17.5 17.5
-Hending Loss:
- Imported Coal % 3.0 3.0 3.0
- Indigenous Coal % 4.0 4.0 4.0
-Moisture Loss:
-Imported Coke % 7.5 7.5
-Indigenous coke % 7.5 7.5
-BF / Nut Coke % 3.0 3.0
-Pearl Coke % 8.0 8.0
- Mixed Coke % 10.0 10.0
-Yields:
- Gross Coke % 77.2 76.8 76.0 76.0 77.0
- BF / Nut Coke % 68.9 68.0 69.0 69.0 69.6
- Pearl Coke % 6.6 5.8 3.5 4.4 4.5
- Mixed Coke % 4.2 3.0 2.5 2.3 2.9
-CO Gas Cu. M/T 300 299.0 299.0 305 300
-Crude Tar KG/T 28.3 27.6 27.6 28.0 28.0
-Crude Benzol KG/T 5.7 5.3 5.3 5.7 5.5
-Benzene KG/T 18 8.2 8.2 30.0 20.0
-Benzonal Motor Spirit KG/T 50.2 50.2 50.2 30.0 35.0
-Tolune KG/T 9.7 4.4 9.7 4.4 10.0
-Steel Bottom Oil KG/T 12.7 7.3 7.3
-LS Naptha Kg/T 4.5 2.7 2.7 2.0 5.0
- Ammoniun Sulphate KG/T 10.2 8.4 8.4 10.2 9.5

-CV of CO Gas K.Ca/Cu.M 4217 4210 4210 4200 4200

- Sulqhuric Acid Cons Kg/ T 756 773 773 782 765

C- STEEL MELTING SHOP:

-Metallic Input: KG/T 1026.0 1099.0 1030.0 1046.0 1080.0
- Hot Metal KG/T 0.0 4.3 34.0
- Iron Scrap(incl.Pig Iron) KG/T 156.1 170.9 176.0 162.7 160.0
- Steel Scrap KG/T 4.5 7.8 5.0 3.7 5.0
- Iron ore Lump KG/T 6.3 8.1 7.5 9.4 9.5
- Ferro Silicon KG/T 0.0 5.79 5.2 4.2 5.25
- Limestone KG/T 1.0 1.2 1.2 1.6 1.2
-Dolomite KG/T 76.3 92.2 80.0 36.8 80.0
-Ingot Moulds KG/T 80.6 126.6 125.0 127 135.0
- Bottom Plates KG/T 15.4 24.771 15.0 24.1 22.0
- Refractory cons KG/T 2.9 2.929 3.0 4.1 4.0
- Aluminium cons KG/T 17.40 17.382 16.50 16.94 16.50
- Oxyzen cons Cum / T 65.5 73.5 65.0 73.3 65.0
OTHER INFORMATION IN THIS PAGE:-

PARTICULARS UNIT BEST PREVIOUS CURRENT YEAR BUDGET

ACHIEVENT YEAR NORM UPTO YEAR
IN LAST ACTUAL SEPT
5 YEAR

D. BLOOMING MILL:
-Cold Ingot Charge % 6.8 10.0 7.5 15.1 7.5

E. YIELD MILLS :
- Blooming Mill % 90.8 90.4 90.9 90.9 90.9
-Billet Mill % 95.5 94.9 95.7 95.6 95.7
- HY. Structural Mill % 89.5 88.7 90.0 90.0 90.9
- Lt. Structural Mill % 92.8 92.3 93.0 93.0 93.0
-Merchant Mill % 95.2 94.3 95.0 95.0 94.5

F. HEAT RATE :
- Coke Ovens Mcal / T 590 590 595 539 595
- Blast Furnace Mcal / T 607 630 650 657 650
- Twin Heart Mcal / T 160 238 220 230 220
- Blooming Mill Mcal / T 509 544 500 532 500
- Lt. Structural Mill Mcal / T 395 395 380 338 380
-Merchant Mill Mcal / T 414 418 400 414 400
-Hy.Structural Mill Mcal / T 337 387 400 376 370

G. POWER CONS. AT
MILL
- Blooming Mill Kwh /T 29.9 31.2 30.0 31.7 30.0
- Billet Mill Kwh /T 36.7 39.5 37.9 39.7 37.9
- Hy. Structural Mill Kwh /T 111.5 114.1 108.0 114.6 108.0
- Lt . structural Mill Kwh /T 41.6 42.3 40.0 42.9 40.0
- Merchant Mill Kwh /T 56.8 63.5 55.0 66.8 60.0
 REPAIRS & MAINTENACE BUDGET

SAIL – ISP
BUDGET YEAR: 2007-09
27- FEB – 2008 AMT : RS / LAKHS

PARTICULARS PREVIOUS CURRENT YEAR BUDGET

YEAR YEAR
ACTUALS

BUDGET UPTO LIKELY

SEPT

BF RELINING 6 200 1 3000

BUIDINGS 31 22 26 70

PLANT&MECHAINERY 741 1350 934 1237

TOWN SHIPS 354 540 228 600

OTHERS 192 281 51 315

TOTAL 2324 2393 1240 2068 5222

 STORE & SPAREA BUDGET
SAIL – ISP
BUDGET YEAR: 2007 – 08
27 FEB-2008
PARTICULARS PREVIOUS YEAR ACTUALS CURRENT YEAR BUDGET UPTO SEPT BUDGET YEAR
OPRN CAPITAL TOTAL OPRN CAPITAL TOTAL OPRN TOTAL OPRN CAPITAL TOTAL
REPAIRS REPAIRS REPAIRS
INGOT&BOTTOM PLATES 61

REFRACTORIES 2404 2650 1219 2710

ROLLS 351 500 191 800

CONSUMABLES 3732 3200 1803 3000

MAINTENANCE SPARES 2542 3000 1146 2700

OXYGEN 1809 1700 1019 2370

TOTAL 10899 11050 5373 11580

SALES BUDGET – PIG IRON & SALEABLE STEEL

SAIL – ISP
BUDGET YEAR 2007- 08
27 FEB 2008

ITEMS EXPORT SALES DIRECT SALES STOCK YERD TOTAL

QTY RATE AMOUNT QTY RATE AMOUNT QTY RATE AMOUNT QTY RATE AMOUNT
OOOT RS/T RS/LACS OOOT RS/T RS/LAKH OOOT RS/T RS/LAKH OOOT RS / T RS / LAKH
A . PIG IRON 260.0 16441 42746 260.0 16441 42746

B. Saleable Steel 6.0 17800 1068 100.0 26278 26278 375.0 26857 100714 431.0 26626 128069

C . Gross Sales 1068 69033 100714 170815

(A+B)
 PARTICULARS AMOUNT
------------------------------------------------------------ -----------------

BLOOM
FREIGHT OUTWARD
BILLETS
SAIL – ISP SHEET BARS
BUDGET YEAR – 2007-08
27 – FEB – RAILS 2008

HY STRUCTURALS

LT STRUTURALS
PARTICULARS UNIT BEST PREVIOUS CURRENT YEARBUDGET
MED STRUTURALS ACHIEVED YEAR NORN UPTO YEAR
IN LAST ACTUAL SEPT
LT STRUTURALS 5 YEAR
SPL SECTIONS

TOR / TMT

PLAIN ROUNDS

TOTAL 375.0

RATE(RS / T) 1013
----------------------------------------------------------- -----------------
AMOUNT (RS / LAKHS) 3798
B . BLAST FURNASH
- Coke Rate Kg / Thm 784 786 745 819 725
- Coke Screening LOSS % 7.8 12 8.0 10.0
-Iron ore Lump Kg / Thm 1457 1511 1511 1500 1500
- Lime Stone Kg / Thm 83 160 160 140 100
- LD Slage Kg / Thm 33 89 89 60 100
- Dolomite Kg / Thm 150 150 150 130 130
- Coal to HM(Ratio) RATIO 1.433 1.568 1.317 1.428 1.306
-Manganese Ore Kg / Thm 3 3
-BF Gas yield Cum / T 4182 3053 3100 3195 3100
- CV of BF gas Keal / CUM 874 874 860 884 860
-Slag Generation Kg / Thm 427 512 475 524 470
-Distribution of HM :
- SMS 000T 476.6 476.6 515.0 247.5 583.2
-Pig Iron 000T 330.6 266.2 317.6 103.2 295.5
- BF Productivity
- NO . 1 BF T / Cum /D 0.976 0.769 0.825 0.881 0.836
- NO .2 BF T / Cum /D 1.209
- NO . 3 BF T / Cum /D 0.872 0.872 0.850 0.868 0.990
- NO .4 BF T / Cum /D 0.893 0.893 0.850 0.866 0.970

OVERALL T / Cum /D 0.863 0.863 0.845 0.869 1.000

 BY PRODUCTION & SECONDARIES SALES

SAIL – ISP
BUDGET – YEAR: 2007 -08
27-FEB-2008

PARTICULARS PREVIOUS ACTUAL YEAR CURRENT YEAR BUDGET BUDGET YEAR

QUT RATE AMOUNT QUT RATE AMOUNT QUT RATE AMOUNT

1.Crude Tar 18.8 8905 1678 17.8 8503 1511 17.2 14500 2497
2. Lt Crude Benzol
3. Benzol Product
- Wheezed Naptha 0.1 6162 16
-Barzene 0.2 34167 82 0.9 26754 243 0.599 45629 273
- Benzol / Moter Spirit
1.5 31883 469 0.9 26172 237 1.048 44447 466
-Steel bottom oil 0.2 8097 20
-Light Solvent Naptha
0.1 29385 26 0.1 25590 15 0.150 39633 59
-Toluene 0.1 32313 42 0.2 31814 77 0.299 49642 149
4. Ammonium Sulfhate9.1 4695 428 10.9 4700 512 10.3 4700 484
5. Granulated / Molten
223.2Slag
344 767 247.0 330 816 261.0 305 795
6. Coke
-BF / Nut Coke 9.5 9126 868
-Pearl coke:
To Employee
To other 65.6 5489 3601 33.3 5271 1755 47.0 5728 2692
–Mixed Coke from CO 79.4& BF4025 3196 79.2 4059 3213 101.1 4011 4054
7. Scrap 45.4 13784 6257 35.7 11980 4277 77.6 13086 10155
8. Iron ore Fines 356.5 250 893 214.0 200 428 338.0 376 1271
9. Burnt Dolo Dust 0.6 1277 7 2.0 3000 60 2.0 3000 60
10. Raw Dolo Dust 2.0 150 3 2.0 150 3
11. Burnt Dolo Chipe 0.4 4300 17 0.4 4300 17
12. Mill Scale 10.0 857 86 12.0 756 91 12.0 756 91
13. Bolter Ash 51.3 127 65 40.0 131 52 40.0 131 52
14. Others 120
15. Gross Sales (BP&Secon) 18621 13307 23113
16. Marketing Tool
17. Net Sales(BF&Secon) 18621 13307 23113
 PRODUCTION PLAN – BY PRODUCT

SAIL-ISP
BUDGET YEAR:-2007-08
27 – FEB -2008
PARTICULARS UNIT PREVIOUS YEAR ACTUALS CURRENT YEAR BUDGET BUDGET YEAR
PRODUCTION ALLOCATION ODUCTION ALLOCTION PRODUCTION PURCHASES IPT ALLOCTION
PURCHASES SAIL/IPT INTERNAL FORPROCESSING PRODUCTION IPT INTER FOR STO
CONS NAL PROSS AC
CONS ING DEC

CRUDE TAR OOOT 30.095 10853 30.055 17.774 12.281 30.448 17.220 13.268

CRUDE BENZOL OOOT 2.901 3.024 3.024 2.994

BENZENE 0.244 0.907 0.907 0.599

BENZOL / MOTER
SPRITE 1.488 0.977 0.907 1.048

STEEL BOTTOM OIL 0.216

LIGHT SOLVENT
NAPTHA 0.080 0.060 0.060 0.150

LUENE 0.130 0.242 0.242 0.299

MONIUM SULPHATE 9.189 9.107 247.0 247.0 10.300

RULATED / MELTON 223.9 223.2 247.0 247.0 261.000

PROFIT & LOSS ACCOUNT

SAIL – ISP
BUDGET FOR 2008 – 09
27 – FEB -2008
PARTICULARS FORM PREVIOUS CURRENT YEAR BUDGET YEAR FLEXIBLE
YEAR BUDGET
ACTUALS BUDGET UPTO SEPT LIKLY FIXED VARIABLE TOTAL +5% -5%
A . INCOME:
Turn over :
-Direct 202 50842 80900 18672 52132 69033 69033 72485 65581
- Stockyard 202 51145 59089 27729 79627 100714 100714 105750 95678
- Export 3091 773 31 280 1068 1068 1121 1015
- By product & secn 203 18621 13307 8757 16529 23118 23118 24274 21962
- Total Turnover 123699 154069 55189 148568 193933 193933 203630 184236
-Inter Plant Transfar 2133 6405 9156 2457 2457 2580 2334
- Internal Consumtion 204 620 281 304 469 315 315 331 299
- Total Revenue 126452 154350 61898 158215 0 196705 196705 206540 186870
- Intarest Earned 291 135
- Other Revenue 208 3837 2947 1329 2863 1150 1763 2913 3001 2625
- Prov no longer read
- written back
- Acj pertaining to 605 143 193
Earlier year
NET INCOME(A) 51 5 32
B. EXPENDITURE 131236 157297 63510 161303 193468 193468 199618 209541 189695

-Stock (Accn) / Decn 207

- Raw Meterial Excl Coking 209 (10184) (1083) (13843) 1625 1150 1153 1153 1211 1095
Coal 17331 16289 10764 20516 21166 21166 22224 20168
- Sami / Finished Goods 6183 3797 5109 5001 5001 5251 4751
- Coking Coal & coke 209 64808 59584 33889 67291 68520 68520 71946 65094
- Employees Rem & Ben 210 31847 31820 15639 31470 33573 621 34194 34225 34163
- Store & Spares 211 10899 11050 5378 11238 4200 7380 11580 11949 11211
-Power & Fuel 212 6340 7196 3141 6893 9493 9493 9968 9018
- Repair & Maint 213 2324 2393 1240 2068 5222 5222 5222 5222
- Exice Duty 205 14665 20445 6977 18427 25414 25414 26685 24143
- Fright Outward 206 2389 2690 1612 3341 3798 3798 3988 3608
- Other Expenses & prov 214 7988 10001 5426 11607 12472 13006 13006 13033 12979
- Total Expenditure 154590 160335 74020 179558 55467 189574 198547 205701 191393
C. GROSS MERGIN(A-B) (23354) (3088) (10510) (18255) (54317) 1071 1971 3840 (1696)
D. INTEREST 1351 1358 128 263 350 350 350 350 350
E . Cash Profit / (Loss)(C-D) (24705) 4446 (10638) (18518) (54667) 721 721 3490 (2048)
F. Deprecition 1615 2000 786 1666 2000 200 2000 2000 2000
G. Net Profit / (LOSS) From 26230 (6446) (11424) (20184) (56667) (1279) (1279) (1490) (4048)
Open .(E-F)
H. Reliefs & Concession from
W.B Govt / Banks & FLS 3166 3981 1302 3451 4405 4405 4405 4625 4185

NET PROFIT / (LOSS) (F+G) (23154) (2465) (10122) (16773) 59793 3126 3126 6116 136
 EXICE DUTY
SAIL – ISP
BUDGET YEAR 2007 – 08
27 FEB 2008.

PARTICULARS QUANTITY LESS EXPORT

NET QTY RATE AMOUNT
OOOT OOOT OOT (RS / T) (RS / LAKHS)
A . PIG IRON 260 260 2307 5997

B . SALEABLE 481 6475 3751 17819

STEEL

C .BY PRODUCT 77.6 77.6 1836 1425

& OTHERS
173
SCRAP
1598
OTHERS

TOTAL(C) 25414

D . GROSS EXISE
DUTY(A+B-C)
 STATUS OF MEJOR PACKAGES:-
1. Contract for Mejor Packages are -

SL . NO. NAME OF Name of the Effective Date Completion time

PACKAGE & party Of Contract (Month)
Pkg No.
1. Coke Oven Giprokoke, Ukraine 13.10.2007 29.5
Battery (02) (Leader)
2. By-Product Plant McNally Bharat 12.10.07 29
(05) India
3. Sinter Plant(06) L & T, India 12.10.07 29.5
Lrader
4. Blast Furnace(07) POSCO E&C, 16.10.07 30
South Korea
(Leader)
5. Coal Pulverzation CISRI, China 13.10.07 24
& Injection(08) (Leader)

6. Pig Casting Machine METCO, India 09.10.07 24

(09)
7. Continuous Casting Siemens VIA, 11.10.07 24
Plant (12A) Austria(Leader)
8. Hot Metal Handling Dalian Huarui, 14.10.07 24
System(10) Chaina(Leader)
9. Universal Section SMS MeerGmbh, 13.10.07 26
Mill(14) Germany(Leader)
10 . Reheating Furnaces(15) Bricmont Inc, USA 11.10.07 24
(Leader)
11 . Wire Rod&Bar Mill(16) Danieli&C, Italy 13.10.07 26
12 . Oxygen Plant(17) Linde AG, Germany 12.10.07 27
(Leader)
13 . Top Pressure Recovery Bejing Sino Steel, 13.10.07 24
Turbune(18) China(Leader)
14 . Power & Blowing BHEL, INDIA 12.10.07 26
Station(19)
15 . Main Receiving Station ABB Ltd, INDIA 09.10.07 24
(21)
16 . BOD Plant(27) UPL Environmental 12.10.07 28
Engrs, India
II. Retendering for the following six (6) major packages have been taken up as detailed below :-
1. Raw Meterial Hendling System
 SAIL board in its 333rd meeting held on 29/31.01.08 has approved placement of order for
RMHS Package.
LOA / Date of Signing of Contract is given below

SL.NO Name of the Pkg. Name of the Effective Date Completion

Pkg. No. party Of Contract Time(Month)
(Form effective
Date of contract
1. Ore Handling McNally Bharat 06.03.08 26
Plant (01-A) Engg, KOLKATA
2. Coke Handling L&T, Chenni 07.03.08 26
Plant&Pipe Conveyors
3. Base Mix Handing L&T, Channi 07.03.08 26
Plant(01-C)

Yard
4. Machine(01-D)
4.1 Wagen Tipplers and Elecon Engg, 07.03.08 26
SAC(01-D-Gr-1) Vallabh-Vijaynager,
Gujarat
4.2 Stackers&Bucket Elecon Engg, 07.03.08 26
Wheel Reclaimers Vallabh-Vijaynager,
(01-D-Gr-II) Gujarat
4.3 Barrel Reclaimers & Elecon Engg, 07.03.08 26
Transfar Cars Vallabh-Vijaynager,
(01-D-Gr-lll) Gujarat

.
 PERFACE
The study of
Through book review is an important part in PGDBM syllabus as it provides an opportunity to get
some exposure in the field of fiancé specialization. In the day of competition & Excellency , it required,
for the student to get acquainted with the practical knowledge to achive success in the life.

This study enables particularly to the student of PGDBM with finance specialization to uplift their
theoretical knowledge to relate with practical base. Since the business management & maintances
of day to day business activitiesis the key attention of every business and every business want to
maintain it properly , this project attaches some importance to the management students.

Considering the importance and value, it is great pleasure for me to prepare the project on
of SAIL-ISP(Burnpur) and I remain obliged for ever to our college
of Management, Ghaziabad(U.P) provide me support in completing this project this time.

I also provide my gratitude and thanks to our chairman Dr. K.P SINGH Sir.

I will remain always oblige to faculty in Finance, NIMT B-SCHOOL, GHAZIABAD (U.P),
who has guided me a lot and without the help of which the project complement would not
have been possible.

DEBASISH NAG
PGDBM / MBA
ENROLL NO:- 27688
NIMT B-SCHOOL
GHAZIABAD (U.P)
 ABOUT SAIL

Steel Authority of India Limited (SAIL) is the leading steel-making company in India. It is fully integrated
iron & steels for domestic construction, engineering, power, railway, automotive and defense industries
and for sale in export markets.

Ranked amongst the top ten public sector companies in India in trams of turnover, SAIL, manufacture
and sells a broad range of steel production, including hot and cold rolled sheet and coils, galvanized
sheets, electrical sheets, structural, railway products, plates, bar and rods, stainless steel and other
alloy steels. SAIL products iron and steel at live integrated plants and three special steel plant , located
principally in the eastern and central regions of India and situated close to domestic sources of raw
materials, including the Company’s iron ore limestone and dolomite mines.
The company has the distinction of being India’s largest product of iron ore and of having the company’s
Second largest mines network . This gives SAIL, a competitive edge tarms of captive availability of iron
ore, Limestone, and dolomite which are inputs for steel making.

SAIL’S wide range of long and flat steel products is much in demand in the domestic as will as international
market . This vital responsibility is carried out by SAIL’S own central marketing organization (CMO) and
the international trade Division. CMO encompasses a wide network 84 branch offices and 54 stockyards
located in major cities and towns throughout India.

Which technical and managerial expertise and known-how in steel making gained over four decades,
SAIL’S Consultancy Division (SILICON) at NEW DELHI offers and consultancy to clients world-wise.
 SAIL’S CHAIRMAN

Mr. S.K Rongta, chairman, Steel Authority of India (SAIL) is an engerineering

graduate from BITS, Pilani and a post graduate in International Trade From
The Indian Institute of Foreign Trade (IIFT), NEW DELHI. He started his
Career in SAIL as a Marketing Executive in 1972 and held several position
in marketing setup. Known and strategic thinking , he was elevated as a
member of SAIL board in 2004 as Director (Commercial) and spearheaded
various key marketing initiatives for the company.

He later headed other strategic function of SAIL i.e. HR, Business Plainning
and led initiatives for strategic alliances for meeting critical raw needs.
He took over as (Chairman, SAIL, in August 2006).

Mr.Roongta takes keen interest in professional and in a Fellow member

of All India Management Association (AIMA), Member of All India
Member of Indian of Metals (IIM), Institution of Engineers, etc.
An avid reader, he has authored and presented papers in many
National / international conference.
 SAIL & IISCO

With a production capacity of 12 million tons (MT) of crude steel, the steel
Authority of India Ltd (SAIL) is the India’s largest and among the
leading steel producers in the world SAIL achieved a record net profit
of Rs.760 crore in the first six(6) months in current financial year, which
translated in to a1227 crore positive swing from the loss of Rs. 467 crore
incurred during the corresponding year in 2002-03. The company also
recorded all- time best result in other performance parameters like
saleable steel production, sales, exports, and imports, and turnover during
April-September of 2003-04. In Q2 of the current financial year. SAIL’s
turnover reached Rs. 5647 crore, a 41% increase over the Rs. 3993 crore
achieved in the corresponding period if 2002-03. The company owns and
operates four integrated steel plants at Bhilai, Durgapur, Rourkela , and
Bokaro producing carbon steels, and three Alloy steel unites at Salem
Durgapur and Bhadravati making stainless and alloy steels. A subsidiary
at BURNPUR produced pig iron merchant products and heavy structurals
while another at Chandrapur is a bulk producer of Ferro alloys. Owning
India’s second largest mines network provides SAIL a competitive edge in
terms of captive availability of iron ore limestone, dolomite etc.

The Indian iron steel company limited (IISCO), one of the nation’s
premier suppliers of basic iron and steel items and one of the oldest
integrated steel plants, was owned in the pre 1872 by Sir Martin burn.
Started production of iron as far back as 1875 in its Kulti unit, IISCO’s
Burnpur steel plant initially setup in the year 1918, began producing steel in
1939. The iron and steel company limited (IISCO) originally in the private
sector became a subsidiary of SAIL in 1977. IISCO has central sales office
 in KOLKATA. It has branch offices in Chennai, Bangalore, Kolkata,
BURNPUR, Bhubaneswar, New Delhi, Ludhiana, Hyderabad and Mumbai

IISCO is amulti-product, multi unit organization. It has got an integrated

steel plant at Burnpur, captive collieries at Chasnalla,Jitpur and Ramnagore
Its mines at Gua, Chiria and Monoharpur are considered to have Asia’s
largest reserves of iron ore. IISCO produces a wide range of products
starting from coke, pig iron, to finished steel products mainly heavy,
mediam and light structurals, light and heavy rails, plain rounds , TMT
bar’s, sleeper bars and various special sections like Z-bar,Zpiling etc.
IISCO achieved arecord net profit of 49.59 cores in the year ending
31st March 2005. Presently IISCO has the capacity to produce 0.4 million
Tones of ingots annally.

On 16th June 2005, the Government of India approved to marge

IISCO with SAIL. IISCO was suffering and facing huge losses as most of its
Equipments were old and becoming obsolete. IISCO was a holding company
earlier. But the government decided to merge IISCO with SAIL with the
prime objective to strengthen IISCO. It is a benefit both for IISCO as will
as SAIL will be able to use the captive ore mines of IISCO for its existing
plants, on the other hand SAIL will help aid IISCO in improving the
technological in desiguise for the steel industry in India as will as for the
people living in Burnpur.
One has to agree that managing and investing towards new
developments in such a vast organization requires an efficient management
of the marketing system as a whole. The aim of this project report is to
provide an insight into the overall system followed in IISCO and mainly
about the marketing of primary and secondary product in IISCO,
Burnpur. Subsequent chapters are all dedicated to bring out a sketch of
such a system.
 IISCO STEEL PLANT – A PROFILE

 IISCO STEEL PLANT (ISP) is an integrated plant in Burnpur.

it has the capacity to produce 4.26 lakhs of saleable steel and 2.54
lakhs tones of pig iron annually. Earlier INDIAN IRON AND
STEEL COMPANY(IISCO) was 100% subsidiary of STEEL
AUTHORITY OF INDIA LIMITED(SAIL)-has been amalgamated
with the parent company with effect from 15th February 2006.

 ISP produced a large number of steel structurals and special

Sections as will as pig iron. It is this plant which pioneered the
production of center-sii Z-section used in construction of barrages,
bridge foundations and other projects and colliery arch section used
for roof support in collieries. The plant has also developed “slit rolling”
for small diameter rounds(10mm and 12mm), which are in high
demand in the domestic market.

 The plant is set to undergo- mordernization-cum capacity

Expansion through which its hot production capacity will be
Raised to 2.5 MT by 2011-12.

 ISP is accrediting with ISO-9001-2000 QMS for its Heavy

structural Mill and Merchant and Rod Mill. It has also been
awarded ISO 14001:2004 EMS for its entire Rolling Mill
Complex.

 ISP is situated at Burnpur near Asansol in the Burdwan

District of West Bengal.
 BRGINNING OF GLORIOUS JOURNEY
IISCO one of the oldest steel making plant in the company, was in the private sector
till1972. After this management of IISCO was taken overby the Government of India.
Over the year, IISCO’s performance has been unsatisfactory mainly due to old plant
and machinery, obsolete
technology and lack of necessary capital inputs. But the success journey
for IISCO, Burnpur commenced in 2003. The outlook changed and four nedecorative
entry installed. More over more than twenty three
gardens developed inside the work. Also Shramik Kalyan and some
Aquariums exhibited at some locations. IISCO Achieved the ISO-14001
in mill complex on 14-04-2005.

The ED works building complex modified to give a new look decorated

with fountain and plant.

The illumination has been improved with many internal roads modified with one way
traffic. VIP roads to Coke oven development with gardens. The NO.3.B.F.was partilly
relined in June 2003.
NO.3.1 stove also repaired. A second Twin Hearth Furnace was also installed in April 2004
and thus the steel production increased. Also
the NO.4.B.F partially relined in june 2004 successfully and furnace
operating got stabilized to produce higher volume.
The Year 2003-04 ended with a net profit of 27 crores and the same
trend continued in the year 2004-05.
On 15th February 2000, the cabinet approved a financial and business
Restructuring package for SAIL, envisaging waiver of loans advanced
to SAIL from the steel Development Fund to a value of Rs.381crore
from the Government of India. Finally in JUNE 16th 2005 the cabinat cleared a proposal
forthe marger of IISCO ( The Iron And Steel Co Ltd) and SAIL (STEEL AUTHOURITY
OF INDIA LTD) following anapproval of Board of the industrial and financial
Reconstruction. The marger would ensure that there is more technological up gradation
of
IISCO, Burnpur with SAIL’S managerial and financial capabilities.
The journey to excellent continues where the plant is bubbling with
activities and visible attitudinal changes. The Board of Director of both
IISCO and SAIL have given in-priancipal approved to the marger.
Now is a new morning for IISCO, Burnpur and we expect that IISCO
SAIL will bring new standards for the steel industry in India in the
time to come.
 MAN POWER IN IISCO STEEL PLANT

In an integrated steel plant like IISCO manpower plays a vary

important role. Manpower is the backbone of any industry.
Without effective manpower it is impossible to earn revenue
for a company. It is therefore important to know in this context
about the total number of manpower working in IISCO,
Burnpur and also it’s other units and branch offices.

Total number of manpower working in IISCO is as fellows :

In IISCO, Burnpur works

Executive ……… 650

Non-Executive ……... 10,500 (approx)

Contracted Labors ……… 2340 (approx)

In the other unit and branch office of IISCO

Executive ……… 200

Non-Executive ……….. 3500 (approx)

(Chasnalla, Ramnagor, Gua, Monoharpur, and branch sales offices of

IISCO.)

Steel industry in India

 The history of iron and steel industry in India is nearly 4000 years old. The iron pillersat the outskirts of Delhi prove that
Indians ware familiar with iron and steel even during the Vedic age. But the father of modern steel industry Sir Jumshedji Tata
set up the Tata iron and steel company (TISCO) in 1907. The first steel ingorts were rolled in TISCO in 1911. The establishment
of the Mysore iron and steel works in 1936, later renamed as Viseswaraya iron and steel works, followed this. In 1939.
Indian iron steel company (IISCO), now a subsidiary of steel authority of India ltd (SAIL) was started. At the time of
Independence, India possessed a small but viable steel industry with an annual capacity of 1.3 million tones. In 1951, India
produced 1.1million tones of finished steel.In the era planned economy, iron and steel –a core and basic sector- received
the full attention of government and with the foreign assistance and own resources, many new steel plant were set up.

Steel ministry, at present, has 12 public sector undertakings (PSU’s) including the steel authority of India limited (SAIL).
National Mineral Development Corporation (NMDC), Kudramukh Iron Ore Company Limited (KIOCL),
Rastriya Ispat of Nigam Limited (RINL), Metallurgical and Engineering Consultants India Limited (MECON).

CHANGES
Untill the 1990’s, the iron and steel sector was by and large the exclusive preserve of only the public sector, the sole
exception being (TISCO). The new economic policy announced in 1991 was a significant milestone, which brought
out a sea change Indian Iron and steel Industry. In the post-liberlisation ere, the structure of the steel industry
underwent a sea change with the advent of major steel producers in the private sector with the world class
Technologies and capacities. Mainly All India financial institutions came forward to support the private initiative
and by sanctioning financial assistance, 19 steel projects involving an investment of about Rs.30,000 crore to
create an additional capacity of 13 million tones (MT.)per annum. Today India is the10 th largest steel producer
in the world producing 27.82 million tones of finished steel a year.The industry represents nearly Rs.9,000 crore
of capital and directly provides employment to over 0.5 million people.
The world largest production of steel in China (107 mt.) followed by JAPAN(104mt.) and USA(97mt.)
PRODUCTION
The health of the iron and steel industry is linked with the economic condition of the nation. The general slow
down of economic and some other factors like dumping from the CIS and south Asian countries in the last two years,
large-scale investment infrastructure and housing sectors, the iron and steel sector has shown growth. The production
of finished steel has gone up by 12% during 1999-2000 compared to 1998-99 while that of pig iron increased
by 5% and sponge iron by 2%.

EXPORT
The export performance of Indian steel industry was vary good during 1999-2000. Export of finished steel increased
by almost 51% to 2.6 million tones while exports of pig iron increased to 2.9 million tones. International prices have started
firming up, and this would ensure the continued presence of Indian steel in the global markets. Exports are also expected to
take care of the increased supply of some finished steel products especially from the new products in the country.
Domestic steel prices have also farmed up in line with the international markets. This expected to improve the bottom
line of the major steel producers in the countery. In the first quarter of the 1999-2000, the steel sector has keep up
its tempo of production and export of the last quarter of 2000-2001.
PER CAPITAL CONSUPTION
India’s present per capital consumption of crude steel is only 24 kg. Which is very low compared to the
developed and developing countries-422kg. In USA, 417kg. In Germany 109kg, in Russia and in
China 87kg. Our consumption is less than 1/5th of the world average i.e 121kg. Government
of India has taken a number of steps to boots up the per capital consumption of steel in the countery.
 FINANCE
Finance is the life blood of any business. As like without blood a man cannot survive or run. Finance
is aptly called as the science of money. It is study of the principles and methods of obtaining control
of money from those who have saved it and administering for those whose control it passes to.

Traditionally the literature of business finance is either the management of working capital or the acquisition of
funds. The principals of business finance are applicable to small and medium farms as will as for large firms.
The business finance deals with the raising, administering and disbursing funds by the business units.

Scope of finance: The scope of finance consists of funds and also their effective use. Finance includes
judgement about whether a company should hold, reduce or increase the investment in various assets.

These questions need to be answered by the finance:-

 What specific assets should a company acquire?

 What total volume of funds should a firm collects?
 How should to funds be rieased?

All these questions are closely and another way of starting the context of these questions is to know:

 How large and how fast a company should grow?

 In what specific forms should it hold it assets?
 What should be its composition of its liabilities?

Importance of finance in today’s world:

Finance helps business, entrepreneurs and management in getting over this business problems and
accomplishingtheir goal of wealth maximization. Knowledge of finance and its tool and techniques
provides strong and sound basis for making decisions in all business matters.
One such very important matter pertains to investment. An entrepreneur has to
decide as to what capital expenditure the enterprise should make, what volume
of fund should be raised and how funds should be raised and how funds should be allocated
to various investment outlets.

With the help of capital budgeting, simultaneous and sensitivity techniques the management can
gainfully choose most viable project promising the maximum result (profits) coupled with minimum risk.

The management also faces formidable problems of allocation of funds as among cash,
receivable and inventories because they have to strike trade-off between. Higher the relative shares of the
liquid in the business less will be the possibility of cash drain, other things being equal. However
the profitability in that case will be less.

Besides dealing with day to day business problems, finance provides to the management such tool
 and techniques as are of considerable help in dealing with the episodic problems such as
problem of re-organization, merger, consolidation and liquidation.

Thus finance is quinine for business management. It is equally important for shareholders too
who do not directly participate in management of the company but are supposed to see that the
management is working in their best interest. This can be achieved only if the
members of the management teams havethe knowledge of principles and
techniques of finance.

IISCO’s FINANCIAL DEPARTMENTS:-

 Central account section.
 Sales account section.
 Merchant billing section.
 Raw materials accounting section.
 Cost and budgeting section .
 Pay section .
 Fright section.
 Provident fund section.
 Cash section.
A) Central accounts sections: This section deals with the taxes, co-ordination of
Accounts, maintenance of fixed assets register, reconciliation of inter unit current account and
dealing with auditors.
B) Sales account section: The section deals with all raising of bills and all excise matters.
C) Merchant and billing section: This section deals with merchant billings, in other words this
department is responsible for all incoming and outgoing bills of merchants.
D) Raw materials account section: This section deals with all expenditure on raw materials.
E) Cost budgeting section: This section deals with cost and budget management. Cost refers of the
expenditure which is incurred at the of production of a product. Budget refers to allocation or
estimation of expenditure for a particulars product or project.
F) Pay section: The responsibility of this section is to deal with all the payments. Payments include
the salaries and wages of employees and staffs of the organization. This section gives the
accurate figure of the payments of all the employees.
G) Fright section: This section is responsible for recording all the expenditures on fright that is
carriage inward or outward, railway, trucks etc. These expenditure incurred during the import and
export of goods.
H) Provident fund section: This section deals with the recognized provident funds of the employees.
(A) It also maintains accounts of each of individual contribution in the provident fund. It also helps at the
retirement of employees.
(B)Cash section: This section is one of the most important section meets the day to day activity of the
organization. Cash is required at the time of any important work during the course of production.

FINANCAL PERFORMANCE SINCE TAK OVER BY SAIL:-

YEAR Gross margin Interest Cash profit/(Loss) Depreciation Net profit/(Loss)
1978-79 0.02 9.39 (9.37) 6.79 (16.16)
1979-80 (10.17) 17.16 (27.33) 7.62 (34.95)
1980-81 11.42 31.05 (19.63) 9.10 (28.73)
1981-82 4.85 33.09 (28.24) 8.87 (37.11)
1982-83 (9.58) 48.40 (6.44) 11.72 (69.70)
1983-84 25.45 31.89 (68.54) 16.62 (23.06)
1984-85 (32.73) 35.81 (47.88) 12.86 (81.40)
1985-86 (35.97) 11.91 (67.84) 13.11 (115.75)
1986-87 (56.57) 11.27 (98.69) 14/07 (119.55)
1987-88 (87.82) 10.87 (97.59) 17.06 (138.08)
1989-90 (89.36) 8.23 (115.49) 21.96 (133.55)
1990-91 (106.61) 8.88 (108.27) 22.59 (22.29)
1991-92 (96.99) 11.28 7.59 25.28 (58.96)
1992-93 26.34 12.75 (24.19) 29.88 (76.18)
1993-94 (7.89) 16.30 (47.46) 34.77 (6.27)
1994-95 (33.80) 13.87 15.47 28.51 (49.05)
1995-96 26.46 10.99 (25.61) 21.74 (213.04)
1996-97 (15.41) 10.20 (187.47) 23.44 (395.04)
1997-98 (60.56) 126.91 (369.18) 25.57 (357.24)
1998-99 (226.29) 142.89 (331.83) 25.41 (210.38)
1999-00 (138.14) 193.69 (186.91) 23.47 (187.31)
2000-01 (174.64) 12.27 (158.06) 29.25 (179.87)
2001-02 (146.81) 11.25 (155.93) 23.94 (182.23)
2002-03 (144.30) 11.63 (159.01) 23.22 27.09
2003-04 64.62 10.33 50.85 23.76 46.59
2004-05 98.30 13.77 73.84 27.25 60.99
2005-06 (215.48) 24.46 (230.89) 26.73 (257.62)
2006-07 (220.88) 15.41 (234.21) 28.21 (260.00)
 ASSETS FIGHER OF SAIL-ISP (in Rs.Crore)
Particulars opening Balance Closeing Balance
As on 31/03/06 As on 31/03/07

Net block 297.48 301.71

Add Cap W-I-P 27.89 21.75

TOTAL 325.37 323.46

Net fixed assets 325.37 323.46

Current fixed assets -667.65 -692.03

________ ________

Net assets -352.28 -368.57

Current assets 328.67 435.89

________ ________

Total assets -23.61 67.32

 VAT
(VALUE ADDED TAX)

INTRODUCTION-
VAT has been introduced primarily in replacement of the exiting sales
tax in most of the state of India with effect from 01/04/2005. Value added tax is a tax
on the value added at each stage of production & distribution process.
States would get 100% compensation of revenue losses, if any, in the
first year, 75% in the second year &50% in the third year. Almost all the items are
covered under value added tax. Some items like company liquor, lottery ticket , & motor
spirits of different kinds like petrol, diesel , aviation fuel used in aircrafts etc, has been kept
out this act & are continued to be government under schedule IV of West Bengal
sales tax act. 1994, Under single point Tax system.

VAT MECHANISM-
The basic principal of VAT is that when the raw marital passes
through various stages of manufacturing process or the final product passes through
variousstages of the distribution chine, tax should be levied on the “value added”
at each stages only,and not on thegross sales value. This is because the purchased
raw material has already been taxed &therefore should not be subjected to tax. Again
otherwise there would have been tax on tax, as the same raw-material would continue
to be taxed repeatedly. This is called the “cascading effect” of taxation.

Registration & Enrolment Under VAT

APPLICATION FOR REGISTRATION

TINE LIMIT- Every dealer hable for registration shall be required make an
application with in 90 days from the date when he becomes liable to pay tax.
PRODEDURE- Application shall be made in form- 1, 1A, 1B, 1C, as application
to the appropriate.
Registering Authority in whose area the principal place of business of the dealer
is located, affixing court fee stamp of Rs 100.
 DECLARATIONS- Declaration to be furnished in
FROM A- for individual, HUFs, and partnership firm.
FORM B- for company, Trusts.

ENCLOSURES- Along with the declaration in form A, a copy of recent passport size
photograph of the proprietor is to be affixed.

DOCUMENT & OTHER REQUIREMENTS

1. Professional Tax Certificate
2. Original 1st and last Trade license
3. One colored passport size photograph
4. Latest telephone bill
5. PAN card (if applicable)
6. Partnership deed
7. Latest rent bills & Tax receipts/ownership deed-as a roof of lawful
occupancy.
8. Voter ID card &Ration card- as a proof of residence.
9. Latest Bank statement (personal & firm both)
10. Purchase & sale bills
11. Profit & Loss, Balance Sheet of the firm
12. Central sale bill/central purchases in case of CST Registration
13. Central excise registration certificate (only manufactracuring concerns)
14. Rubber stamp of firm.

Issue of certificate of Registration

The registration authority shall-
A. Assign a registration number to the dealer.
B.Issue a certificate of registration with in twenty one days from the date of receipt
of such application
Tax payer identification Number
All the registered dealer will be allotted an 11 digit TAX IDENTIFICATION NUMBER
exiting registered dealers have already been allotted such number.
The short form of it is TIN.
Amendment of registration Certificate
The certificate of registration may be amended from time with retrospective effect on the
basic of in formations furnished by dealer, in form 1, 1A, 1B, 1C after giving
him due notice.
 CALCULATION OF VAT OF SAIL I.S.P, BURNPUR

We all know that VAT value added tax. It is charged on the value of taxable product.
The rates of VAT are different types like 4%, 12.5%, 1%, 0%.

The I.S.P is one of the organization where whenever the I.S.P purchases or sale any
materials or finished goods, the organization has to pay VAT on sellers & receive
VAT from purchaser to the Govt, rules regulation under VAT act. When I.S.P
purchases goods or raw material from the party, I.S.P pays the VAT to the party &
it is debited to I.S.P accounts. But when it sales it sales his own finished products, then
I.S.P receives the VAT from the party & it credited to its accounts. After that
vat is adjusted towards its conditions.

When I.S.P purchases raw materials, the entry will be fallow:-

Purchase A/C Dr.

VAT credit receivable (input) A/C Cr.

To Party A/C.

When I.S.P sales finished goods, the entry will be as fellows :-

Party A/C. Dr.

To sales/C.
To VAT output/C.

Suppose, I.S.P purchased raw materials worth Rs 1, 00,000 with 4% VAT & after
producing the finished goods with this raw materials I.S.P sold that finished goods
worth Rs 1,10,000 and changes VAT of 4%. Then The entries will be as follows:----
 Purchases A/C Dr. Rs. 1,00,000
VAT Recivable(input)A/C Dr. Rs. 4,000

To party A/C Rs. 1,04,000

Party A/C ---Dr. Rs. 1, 14,400

To sales A/C. Rs. 1, 10,000

To VAT Output A/C. Rs.4, 400

Here we can see that VAT output is greater then input VAT, now adjustment entries will be

VAT output A/C. ---Dr. Rs. 4,400

To VAT Receival input A/C. --- Rs. 4,000

To Bank / Cash A/C. --- Rs. 400

If the VAT input is more than output VAT, than I.S.P received the VAT amount or it is
adjusted to the next time.
 TO WHOM SO EVER IT MAY CONCERN
This is certify Mr. Debasish Nag a student of PGDBM, have prepared this
project of the study
Of Invoicing & VAT system of SAIL- I.S.P on the basic of the information
explanations by the company.
This project is highly considered to fulfill the requirement for the course completion of
PGDBM / MBA taken up, NIMT B-SCHOOL Ghaziabad (U.P).

I further add on the words that Mr. Debasish Nag is a sincere and hard working student
Who has prepared this project by his own with dignity and diligence.

Mr. P.V.S.U MAHESH

EXTERNAL GUIDE
SENIOUR MANAGER (F &A)
SAIL-I.S.P
BURNPUR (W.B).
 TO WHOM SO EVER IT MAY CONSERN

This is certify that Mr. Debasish Nag, a student of PGDBM, have prepared this project on the
Study of “invoicing with vat system with modernization plant in SAIL- ISP BURNPUR on basic of the
Information and explanations by the company.”
This project is highly considered to fulfill the requirement for the course completion of
Master of business administration taken up, NIMT College of Management (Ghaziabad)(U.P)

I farther on the words that Mr. Debasish nag is sincere and hard working student who has prepared
this project by his own with high dignity and diligence.

Internal Guide
All faculty member & chairman
Sir
NIMT B-SCHOOL
Mohan nager
GHAZIABAD (U.P)
Submitted By:-

DEBASISH NAG
PGDBM/MBA
BATCH: - (2007-09)
ENROLL NO:-27688
NATIONAL INSTITUTE OF MANAGEMENT (NIMT)
GHAZIABAD (U.P)

CONCLUATION
During one and half month vocational training I have gathered
knowledge and experience. This knowledge helps us for our
forth coming future. We have got a great opportunity to do our
vocational training from SAIL- ISP BURNPUR. It is flagship
of STEEL AUTHORITY OF INDIA LIMITED.

SAIL-ISP, BURNPUR always works with its innovativeness

and initiatives. It has always responded will to challenges,
training constraints into opportunities.

The great future is waiting for SAIL- ISP, BURNPUR.