A STUDY ON FINANCIAL PERFORMANCE & BUDGETING With Reference to Rastriya Ispat Nigam Limited Visakhapatnam, Steel Plant

A project Report Submitted to JNTU in partial fulfillment of the requirement for the Awarded of the degree of

Master of Business Administration

TAMADA VANI (Reg.No:10U41E0045) Under the esteemed guidance of Mrs. P.ARUNA, (Associated professor, department of MBA)

DEPARTMENT OF MBA

DADI INSTITUTE OF ENGINEERING AND TECHNOLOGY (Approved by A.I.C.T.E New Delhi & Affiliated to JNTU, Kakinada) Anakapalle, Vishakhapatnam.

DEPARTMENT OF MBA

DADI INSTITUTE OF ENGINEERING AND TECHNOLOGY (Approved by A.I.C.T.E New Delhi & Affiliated to JNTU, Kakinada) Anakapalle, Vishakhapatnam.

Certificat e

This is to certify that T. vani Reg.No10U41E0045 of IV Semester MBA has successfully completed that project entitled Financial Performance & budgeting in partial fulfillment for the award of Master of Business Administration under the guidance of Mrs.Aruna

Project guide

Head of the Department

DECLARATION
I hereby declare that the project report entitled A STUDY ON FINANCIAL PERFORMANCE & BUDGETING with Regard to, RASTRIYA ISPAT NIGAM LIMITED, VISAKHAPATNAM. is a genuine bonafide work done by me at Visakhapatnam steel plant, and was not submitted to any other university or published any time before. The project work is completed by me and has not been previously formed the basis for the award of a degree/diploma or similar to this.

STATION: VISAKHAPATNAM DATE: Signature of the Student

(TAMADA

VANI)

ACKNOWLEDGEMENT

I would like to thank each and every employee who has directly or indirectly helped me in carrying out this project. I am thankful to the VISAKHAPATNAM STEEL PLANT, Visakhapatnam for giving ma an opportunity to under taken my project work. I express my sincere thanks to sri. D.Ratnakar, correspondent DIET College, Anakapalle for providing me the opportunity to undergo this project work. I also express my sincere thanks to sri. JAGANMOHAN RAO, principle of DIET College, Anakapalle for providing me the opportunity to undergo this project work. I do record my everlasting thanks and feeling of gratitude to my Head of the department Mr.G.BHASKAR N RAO, and project Guide M.S P.

ARUNA for her constant moral support and valuable guidance in successful completion of the project work. Finally I would like to thank other faculty members for their extended co-operation & suggestions which have helped a lot. Lastly, my heartfelt gratitude to my family and friends for their co-operation.

T.VANI

PREFACE
This project report is a presentation of my effort to study the practice of Financial Management Topics in public sector enterprises, with reference to Rastriya ispat nigam limited, Visakhapatnam. The report presents the practical approach in the subject of Financial to Management PERFORMANCE provide principles, brief mainly AND in the of field of It FINANICAL intends concepts, BUDGETING.

knowledge

various

approaches,

considerations

relevant to this field. The report has undergone a

realistic survey of actual theory and practices in Visakhapatnam Steel Plant although there is much gap to be bridged. This report seeks to cover the topics of Financial Performance, mainly focusing the aspects like Comparative balance sheet and Common size balance sheet and many other aspects. The report has been divided into five chapters and the arrangements of topics in various chapters have been grouped according to the analysis of the subject.

T.VANI