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DECLARATION

I hereby declare that this project report WORKING CAPITAL MANAGEMENT submitted to the BHAVANS ROYAL INSTITUTE OF MANAGEMENT,COCHIN in partial fulfillment for the award of degree of Master in Business Administration, is a bonafide work done by me and it was not submitted to any other University or Institution previously.

ACKNOWLEDGEMENT

I would like to take the opportunity to express my profound gratitude to all the people who have helped me to successfully complete the final project report with their sound advice and able guidance. I place my sincere thanks to Mr.Raman Rao, A.G.M(finance)for permitting me to do the project report at Hindustan Aeronautics Limited. I would also like to thank Mr.D Chatterjee, chief manager(finance) who is guiding and assisting me for the successful completion of the final project report. I thank the members of all other departments for their constant support and guidance. I am greatly thankful to DR,Prof.B HAREENDRAN ,Dean Bhavans Royal Institute of Management for providing proper encouragement in the completion of the final project. I express my sincere gratitude to Prof Samual Thomas, whose guidance and support throughout the study, helped me to complete this report successfully. I would like to express my profound gratitude to all faculty members of BRIM institute of Management for their interest and co-operation in the regard. I would like to thank my classmates for their support and co-operation. Above all I would like to thank The almighty for all the benevolence that He shower on me and to have helped me to complete this work very successfully

Kochi

MADHAVASADAASIVAN.P