A Project Report On Collection Efeciency (WBSEDCL)

Department Of Business Administration (Vidyasagar University)
A Study on Collection Efficiency at WBSEDCL
Submitted by Abhijit Paul to the,
Vidyasagar University Department of Business Administration Dr. K.C Paul. This

project report is a result of my original work and not any part of the said report
has been copied or duplicated nor has any project report similar to this one ever
been submitted to any of the universities or any other organizations. This report
has been prepared for the partial fulfillment of the Master in Business
Administration (MBA) program (2014-2016), under Vidyasagar University.
Submitted by ABHIJIT PAUL
ACKNOLEDGEMENT
I feel very happy to take the opportunity to extend my heartily thanks to

Managing Director, WBSEDCL and Personnel Management, for allowing me to
conduct my studies over the concern.
I am also thankful to all the executives of Personnel and other
departments of WBSEDCL for their co-operation, advise and suggestion and those
who contribute to complete this research project paper in time.
I extend my heartily thanks to Mr. Gourav Kumar Bose, Asst.
Manager (Finance) for her timely guidance to prepare this research project paper.
CONTENT
CHAPTER I
Introduction Of The Study
Account Receivable Management
Credit Management
CHAPTER II
Introduction To The Company
Company Profile
CHAPTER III
Need For The Study

Objective Of The Study
Scope And Limitation Of the Study
Credit Policy and Practices At WBSEDCL
CHAPTER IV
Research Methodology
Data Collection Method
Tools And Techniques For Analysis
CHAPTER V
Data Analysis
Interpretation And Findings
CHAPTER I
1.1 INTRODUCTION
1.2 ACCOUNT RECEIVABLE MANAGEMENT
1.3 CREDIT MANAGEMENT
1.1 INTRODUCTION
Many Indian companies are caught in financial crisis of varying
degree because of the less efficient working capital management. The objective
of Corporate Excellence viz., Quality products, Satisfied Customers,
Employees and Investors, H i g h p r o f i t a bi l i t y a nd Co mf o r t a bl e f u nds
p o s i ti o n e t c. , ca n b e a c hi ev ed t hr o ug h increased productivity of capital,
particularly the working capital. Your business has been reaping huge profits
for years now, when all of sudden you find yourself in need of fast cash.
If you have tried several solutions without success, you may be
interested in learning more about accounts receivable management.
1.2 ACCOUNTS RECEIVABLE MANAGEMENT:

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An account receivable is the money owed to a company by a consumer

for products and services purchased on credit. This is usually treated as a current
asset of accounts receivable after the customer is sent an invoice.
Accounts receivable are known by various names, such as accounts receivable
aging, accounts payable, days receivable, accounts receivable turnover and
invoice factoring. According to the experts, accounts receivable or invoice
factoring is one of a series of accounting transactions. These accounting
transactions deal with the billing of customers who owe money to a person,
company or organization for goods and services purchased. If you are
seriously considering using accounts receivable as a method of obtaining
a more liquid asset, then it is wise to hire accounts receivable
management specialists. Accounts receivable management specialists can help
you in a variety ways:
It can cut and maintain your average collection delay or DSO

It can lessen your direct and indirect expenses
It can considerably reduce your bad debt
It can tell you various ways to take advantage of your cash-flow
It can help you capitalize on your internal resources
It can maximize your interventions on sales, service and market share.
Hiring the best accounts receivable management will clear up the common
misconception that the selling of accounts receivable is a loan. Accounts
receivable are the amounts that customers owe a business; this is clearly shown
on a company's balance sheet. Some also call accounts receivable trade
receivables and try to classify them as current assets. Accounts receivable
managements main goal is to take care of all these debts and to record sales of
accounts; one must debit a receivable and credit are venue account. Accounts
receivable management also looks into issues such
asr e co g ni zi ng a cc o un ts r e cei v a bl e , v a l ui ng a c c o un t s r e c ei v a bl e , a
n d d i s p o s i ng o f accounts receivable.
1.3 CREDIT MANAGEMENT:

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Trade credit creates amount receivables or trade debtors also referred to

as bo o k d e bt s i n I n d i a th a t t he f i r m i s ex p e ct e d to c o l l e ct e d i n
n e a r f ut ur e. T he customers from whom receivables or book debts have to be
collected in the future are called trade debtors. A credit sale has 3 characteristics:
Involves an element of risk that should be carefully analyzed.
Based on economic value.
Implies futurity.
Credit policy: Nature and Goals:
A firm investment in accounts receivables depends on:
The volume of credit sales
The collection period.
There is only one way in which the financial management can affect the volume
of credit sales and collection period, consequently invest in accounts receivables
that is through the change in credit policy is sure to refer to the combination
of decision variables.
Credit standards:
Credit standards which have criteria to decide the types of customers
which have criteria to decide the types of customers to whom goods
could be sold on credit. If a firm has more slow playing customers its invest in
account receivables will increase. The firm will also be exposed to higher risk of
default.
Credit terms:
Credit terms specify duration of credit payment by customers. Investment in
account receivables will be high if customers are allowed extended time period
for making payments.
Collection efforts:
Collection efforts determine the actual collection period. The lower the collection
period is, the lower the investment in account receivables & vice versa.
Goals of credit policy:

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A firm may follow a lenient or a stringer credit policy. The firm following
a lenient credit policy tends to sell on credit to customers on very liberal
terms and standards credit is granted for longer periods over to those
customers who creditworthiness is not fully known or whose financial position
is doubtful.
CHAPTER II
2.1 HISTORY AND DEVELOPMENT
2.2 COMPANY PROFILE
2.1 HISTORY AND DEVELOPMENT

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The Government of West Bengal has restructured the erstwhile WBSEB into two
successor entities, namely West Bengal State Electricity Distribution Company
Limited (WBSEDCL) and West Bengal State Electricity Transmission Company
Limited (WBSETCL), under the ownership of the State Government. The two
Companies started functioning from April 1, 2007. WBSEDCL provides power to
96% of West Bengal, catering to every sector from ordinary villages to huge
industrial units. It serves a customer base of more than 1 crore across West
Bengal. The service network spans over 5 Zones, 17 Regional Offices, 53
Distribution Divisions and 464 Customer Care Centers.
Meeting 80% of the states peak power demand, WBSEDCL has achieved a profit
of Rs 95.13 crore (PAT) in 2010-11. To mitigate short power supply and being an
environ-friendly corporate, WBSEDCL has set up Purulia Pumped Storage Project
with a capacity of 900 MW hydel power.
Customer Relationship Management (CRM) has been introduced to address
customer grievances. Changed work culture and improved mindset has helped
the Company move towards better customer care, with special focus on fast-track
systems for commercial and industrial power. Major initiatives have improved
distribution efficiency. Hundred per cent feeder and DTR metering has been
completed, transforming WBSEDCL into a techno-commercially viable
organization
Visions
ON
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Submitted by ABHIJIT
To Be The Best Power Utility In India -- In Terms Of Customer Service, Efficiency

And Financial Viability.
Mission
Our Mission is to supply -- Uninterrupted and Quality Power to All
Board of director
Mr. Narayan Swaroop Nigam, IAS Chairman & Managing Director
Mr. Gopal Krishna, IAS
Director
Mrs. Saswati Banerjee, IAS
Director
Mr. Dipak Kumar Banerjee
Director
Mr. Gopal Saxena
Director
Mr. Debashish Majumdar
Director
Mr. Tapan Kumar Majumdar
Director
Mr. Kalyan Kumar Ghosh
Director (Finance)
Mr. Debidas Datta
Director (Generation)
Mr. Tapan Kanti Rudra, IAS
Director (Human Resources)
Mr. Ranjit Kr. Majumder
Director (Distribution)
Mr. Niranjan Saha
Director (Projects)
033-2359 1915
033-2248 1267
033-2248 0680
033-2358 7627
033-2321 9946
033-2359 1917
033-2359 1891
033-2359 8387
Award
4th India Energy Summit Award, 2010
India-Tech Excellence Award, 2010
2.2 Company Profile

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Share capital:
The authorized share capital of the Company was 4050 crores.
The paid up share capital of the Company as on 31.03.14 was 2256.74
crores.
Entire share capital of the Company is subscribed by the Governor of West
Bengal and His nominees.
Deposits:
During the year, your Company did not accept any deposits from the public
under section 73 of the Companies Act, 2013
INVESTMENTS:
New Town Electric Supply Company Limited (NTESL): NTESL is a franchisee
of the Company for distribution of electricity at New Town. The Company is
an equity partner in NTESL with 50% shareholding agreement.
West Bengal Housing Infrastructure Development Corporation Limited (WB
HIDCO): is the other equity partner of remaining 50%. The total equity
participation of the Company in NTESL is 4.94 crores.
West Bengal Green Energy Development Corporation Limited (WBGEDCL):
The Company is an equity partner in WBGEDCL. The participation of the
Company in WBGEDCL is 35% of the Paid up Capital equivalent to 1.75 crores.
Power Exchange India Limited (PXIL): The Company has executed a Share
Transfer and Shareholders Agreement with National Stock Exchange of India
Limited, National Commodity & Derivatives Exchange Limited and Power
Exchange India Limited under which investment of a sum of 4.00 crores has
been made in PXIL.
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Corporate Social Responsibility:

The Company has a well defined CSR policy. The approach of WBSEDCL
towards Corporate Social Responsibility is oriented towards identification and
formulation of CSR projects/programmes as per statutory requirement and to
implement them with full involvement and commitment in a time bound
manner. In cases where other agencies/ organizations are involved, approach
would be to focus on collaboration and partnership. It will also provide financial
assistance in the form of grant-in-aid assistance, contribution etc. The policy has
been displayed in the Company s website.
The scope of CSR activities as defined in the CSR policy are as under:
(i) eradicating hunger, poverty and malnutrition, promoting preventive health
care and sanitation and making available safe drinking water;
(ii) promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects;
(iii) promoting gender equality, empowering women, setting up homes and
hostels for women and orphans; setting up old age homes, day care
centers and such other facilities for senior citizens and measures for reducing
inequalities faced by socially and economically backward groups;
(iv) ensuring environmental sustainability, ecological balance, protection of
flora and fauna, animal welfare, agro forestry, conservation of natural
resources and maintaining quality of soil, air and water;
(v) protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art; setting up
public libraries;
promotion and development of traditional arts and handicrafts;
(vi) measures for the benefit of armed forces veterans, war widows and
their dependents;
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(vii) training to promote rural sports, nationally recognized sports,

Paralympics sports and Olympic sports;
(viii) contribution to the Prime Minister's National Relief Fund or any other fund
set up by the Central Government for socio-economic development and relief and
welfare of the Scheduled Castes, the Scheduled Tribes, other backward
classes, minorities and women;
(ix) contributions or funds provided to technology incubators located within
academic institutions which are approved by the Central Government;
(x) rural development projects.
The effectiveness of CSR activities will be evaluated by a CSR Committee of
the Board with assistance from external agencies, if required, for getting
required feed-back and inputs to formulate and improve the CSR activities in
future. The CSR Committee consists of:
1
Shri Narayan Swaroop Nigam
2
3
4
5
Shir Tapan Kanti Rudra

Shri Kalyan Kumar Ghosh
Shri Rajat Kumar Majumder
Shri Dipak Kumar Banerjee
Chairman & Managing

Director
Director (HR)
Director (Finance)
Independent Director
Independent Director
Chairman of the
Committee
Member
Member
Member
Member
For co-ordinating the CSR activities and submission of recommendations on

CSR proposals to the CSR Committee, a CSR Sub Committee has been
constituted. The Sub-Committee will facilitate approval of CSR proposals and
recommend allocation of fund by the CSR Committee. During the year the
Company spent a sum of 83 lakhs (previous year 11 lakh) towards
Corporate Social Responsibility activity. The Board of Directors of the
Company has approved expenditure of 300 lakhs on Corporate Social
Responsibility activity which will be accounted for as and when spent.
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Key achievements:
During the current financial year your Company has achieved the following
benchmarks:
1. In recognition to its efforts in power sector reforms, better distribution
system and customer service the Company was conferred Power Excellence
Award for the fifth consecutive year by Indian Chamber of Commerce.
2. The Company has gone online, introducing a host of services, including
new connections and bill payment.
3. The Company has also launched initiatives like Total Quality Management
which will enhance efficiency with lesser transmission and commercial loss
and better customer service. The HRD & training department has taken this
unique initiative for bringing in culture of quality atmosphere in the organization.
4. No. of customers of the Company reached 1 crore and thirty nine lakhs.
5. Release of new centralized bulk connections beyond 500 KVA at voltage level
of 11KV and higher level.
Staff Welfare:
Several steps were taken in the area of staff welfare during the year. The
Company had taken up a number of initiatives for ensuring better health of
the employees and their dependants by way of inclusion of renowned and
reputed medical institutes in its approved list of hospitals and conducting
health check up camps and health awareness programme. The Company
through its Staff Recreation Clubs participated in local and national level
sports events and cultural competitions as well as conducted annual sports.
The Company provides Canteen subsidy at various units for the welfare of the
employees.
retired employees group mediclaim scheme 2014: There has been a long
demand of the retired employees to introduce post retirement medical
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benefits considering the high cost of medical treatment during old age. The
feasibility of introducing such a scheme for retired employees on self
contribution basis was examined and the mediclaim scheme on self
contribution basis for retired employees was implemented in the Company
initially for a period of one year. Scheme has become effective from
01/07/2014.
Industrial Relations:
The Company maintained healthy, cordial and harmonious relations at all levels.
Safety Initiatives:
Ensuring safety is one of highest priority issues for the Company. The set goal is
to make it a Zero-Accident Company. Compliance of requirements of
Safety Regulations & Provisions is key to success. Policy functions in respect
of Health& Safety formulated are being executed with all out effort. Safety
manual has been put in place with laid down policy in respect of safety
management for construction, operation and maintenance of electrical plants
and lines. Safety Films have been prepared and utilized for awareness
building/education. Use of Personal Protective Equipment has been made
mandatory. Major causes of accidents have been identified and action plan
has been advised to mitigate the same.
Safety is an integral part of work process to ensure safety for employees
and labours of outsourced agencies as well as general public. Safety
training and awareness programmes are being conducted through Electrical
Employees Training Institutes in regular manner. Labours under outsourced
agencies are also being brought under safety training with all facilities. Special
seminars, workshops have been organized for Public Safety awareness.
For further awareness building campaign, display of Posters at Customer
Care Centres and use of other multifarious methods for awareness building
is being pursued. Fast track action has been introduced and policy has been
adopted against noncompliance of safety regulations at work sites to
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achieve Zero Accident / accident free organization . Safety Audit is being

taken up during 2014-15.
Performances of officials in the field of Safety has been made part of
Performance Apprisal Report and in cases of lapses Departmental
proceedings are initiated. Recognition of extra-ordinary service in the field of
Safety by way of Prizes are also being considered. It is a fact that there has
been a vast expansion of consumers, LT/HT Lines and other installations
over the last few years. Thus the need for sustained effort towards ensuring
safety has also increased many fold. We commit to achieve the desired success
through sustained and concerted efforts with the action plan adopted.
The year wise accident report is given below:
Year:
201011
250
No. of
accidents
No. of
284
Vicitms
2011-12 2012-14 2013-14 Remarks

225
202
204
259
244
235
(a) Snapping of conductors

&
(b) Improper shut down
are the major causes of
accident.
Welfare Initiatives:
Various Welfare initiatives for the Company employees have been put in
place during the year.
These were:
(a) Farewell Gift to company officials superannuated w.e.f. 01.04.2013 has
been introduced.
(b) Felicitation of meritorious wards of employees has been made.
(c) Awards of excellence and safety awards has been given.
(d) Group Medical Insurance Coverage for retired employees of the
Company has been introduced from 1st July, 2014.
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(e) Holiday Homes at Gangtok and Puri have been introduced. Holiday Homes
at Haridwar, Vellore, Digha and New Digha have been continued.
Opening of Holiday Home at Dooars (Jayanti, Buxa Tiger Reserve) is
under consideration. l The Company through its Staff Recreation Clubs
participated in local and national level sports events and cultural
competitions as well as conducted annual sports and annual group tour.
(f) The company provides Canteen subsidy at various units for the welfare of
the employees. Opening of a new food court in Vidyut Bhavan campus
is under process.
(g) The Company undertook several other steps in the area of staff welfare
during the year
Distribution System
Development of power infrastructure
To meet the growing demand of power, distribution infrastructure was
strengthened for supply of quality power to the consumers during the
financial year under review by:
i) Laying of 646.72 ckt- km 33 kv line
ii) Laying of 164 ckt- km 11 kv line
iii) Laying of 27739.66 ckt- km LT line
iv) Erection of 16 nos. of 33/11kv sub-station (10 nos. from
Distribution wing and6 nos. from RE Wing) evacuating 181.55 MVA power
v) Augmentation of 33/11 kvSub-Stations adding capacity of 455.20 MVA
power Planning for Strengthening of Distribution System in 2014-15
For further strengthening of distribution infrastructure, the following

addition from operation and maintenance is envisaged in the year
2014-15.
i) Laying of new 400 ckt- km of 33 kv line
ii) Laying of new 1500 ckt-km of 11 kv line
iii) Laying of new 1600 ckt- km of LT line
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iv) Erection of 20 nos. of 33/11 kvSub-Stations evacuating 252 MVA power

v) Augmentation of 33/11kv Sub-Stations for adding capacity of 134 MVA
power.
Mobile Maintenance Unit
Mobile Maintenance Units have been engaged for quick restoration of
power supply in case of any breakdown/interruption/ in the system, to
cover all the consumers under 64 nos. Distribution Divisions.
Condition Monitoring for preventive maintenance
In addition to the existing Condition Monitoring Cell at Head Quarter,
the Condition Monitoring Units at five Distribution Zones have been
formed & started functioning and the condition of the equipments at
259 Nos. of Sub-Stations have been inspected by them; necessary
preventive measures have also been taken to avoid breakdown/
interruptions. A calendar on further action plan for the financial year
2014-15 is made so that all the existing 33/11 kv Sub-Stations (Presently
475 nos.) may be monitored twice in a year.
Transformer Transaction Management System
For preservation of detailed records of all distribution transformers
and to capture their transactions, analyzing the records on their
outage & action plan on it, Transformer Transaction Management
System (TTMS) has already started functioning; records of 1,81,662 nos.
of DTR have already been updated in this system for monitoring.
Spot Billing
To provide scope to consumers to verify the meter reading with bill,
Spot billing project was started in the year 2009 and initially spot
billing was implemented under 53 CCCs. Up to July, 2014 spot billing
at 471 CCCs were implemented covering all domestic and Commercial
consumer (Except Darjeeling, Kurseong and Kalimpong Division).Under this
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system the consumer will get at least eight days time for payment
before the first due date. Due dates would be distributed uniformly from
3rd of the month to 27th of the month and therefore load in the cash
collection centres would be uniformly distributed throughout the
month. It is expected that above 90% bills through Spot billing
machine would be achieved from next billing cycle. From analysis of
newly implemented Spot billing system in 201 nos. of CCCs, it revealed
that in June'2013 average consumption per consumer was 55 units which
have been increased to average consumption per consumer as 64
units in June'2014. Hence, it shows that average consumption per
consumer increased by 9 units for 50,54,523 nos. of consumers.
The Prepaid Metering System
The Prepaid metering system is the token based prepayment metering
system where the consumer will buy electricity from the prepaid vending
station in form of encrypted token. The encrypted token will be used by
the consumer to vend the money in to the meter using the meter
key pad. The meter will allow consumer to consume energy according
to the rate price and the amount of money vended. As the consumer
uses the electricity, the credit reduces accordingly. There are three
Customer Care Center of WBSEDCL where Prepaid Vending station has
been introduced. Total 1306 nos. of prepaid consumers are under
Bidhannagar Div-I and near about 31 lakhs collection per month are
collected through prepaid.
Testing of CTs and PTs

To eliminate dependency and for the purpose of expediting testing,
facility for testing of CTs and PTs of different ratings has been
established at Distribution Testing Department.
IT initiatives:
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R-APDRP like IT System Development in balance areas The basic theme of

this project is to provide similar IT application systems as covered
under the scope of R-APDRP over balance areas (not covered under
R-APDRP) throughout the state. Roll out of Metering, Billing and Collection
System under the scheme is nearing completion.
ERP
As a part of ongoing capacity building program, WBSEDCL has decided
to implement Enterprise Resource Planning in a number of functional areas
across headquarters and field offices located all over West Bengal.
The functionalities covered under this project are HR with Payroll,
Material Management, Financial Accounting & Control, Plant
Maintenance and Project Systems. Out of these, Financial and Material
Management module will be implemented in first phase.
Smart Grid
WBSEDCL has proposed for implementation of Smart Grid pilot project
in Siliguri area under Smart Grid India Task Force, MOP, GOI. The DPR has
been shortlisted for partial funding by Steering Committee for
implementation of R-APDRP extension project and PowerGrid
Corporation of India Ltd. has been engaged as consultant of the pilot
project. The tender for selection of System Implementer for this project
will be issued shortly. This will help in improving billing efficiency, peak
load management, Energy Audit, signaling for load control, load
curtailment beyond sanctioned limit & customer satisfaction.
On Line application for new Service connection/Load Enhancement
The facility for on line application for new service connection and Load
enhancement is already implemented.
E-payment solution
E-payment through net-banking (with 51 Banks) has already been
introduced for online payment of electricity bill by M&LV consumers. E21
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payment through credit/debit card has also been introduced. This facility
is available to more than One (1) crore consumers. Within the year
2014-15, all L&MV consumers of WBSEDCL will be able to get this epayment facility for online payment of their electricity bills.
SCADA It is a centrally sponsored scheme under R-APDRP Part-A for
implementation of SCADA/DMS at 3 nos. of towns namely Kolkata
U/A, Asansol U/A and Siliguri. The process of implementation is in
progress.
Collection Kiosk
Already 150 collection Kiosks are installed at 150 nos. Customer Care
Centres. For other Cutomer Care Centres, Process for procurement of
Collection Kiosks has been taken in phase-wise manner for collection of
electricity bills & other charges related to new service
connection, load extension etc.
SMS Service
SMS based network health monitoring system for early restoration of
faulty system and other value added services like sending Bill
information, Payment information to consumer has been introduced.
Online Payment of Electricity Bills through WebPortal
E-payment solution has been introduced in the Company to provide
better consumer service in respect of bill payment through internet by
the L&MV consumers. The consumers are able to pay their electricity
bills at any time at their convenience in the web portal of the
Company. The electricity bills can be paid through the following payment
modes:
i) Credit Card
ii) Debit Card
iii) Internet enabled Bank Account
The online payments are processed through secured payment
gateways to protect the
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information.
Video Conferencing
The Company has implemented Video Conferencing facility between its
Corporate Head Quarter and Zonal Manager Offices, Regional Manager
Offices and Divisional Manager Offices for better monitoring and visibility
of business processes
WBSEDCL Division Break Up
WBSEDCL have total 5 Zone and 48 Division in west Bengal.
Name of The Zones
1. Kolkata
2. Berhampur
3. Siliguri
4. Midnapur
5. Burdwan
Burdwan Zone divided into 3 region

Burdwan Zone
Burdwan
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Hugli
Birbhum
Burdwan Region Divided into 7 division

I.
II.
III.
IV.
V.
VI.
VII.
Burdwan(Rural)
Burdwan(Urban)
Memary
Durgapur
Kalna
Asansol
Katwa
Asansol Division Is Divided Into Seven Customer Care Call Centre
From Where The Bills collectionmade.
ASANSOL
dIVISION
Asansol 1
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Asansol 2
Raniganj
Barakar
Hirapur
Domhani
Rupnarayanpur
CHAPTER III
3.1 NEED FOR THE STUDY
3.2 OBJECTIVE OF THE STUDY
3.3 SCOPE OF THE STUDY
3.4LIMITATION OF THE STUDY
3.5 REVIEW OF LITERATUREMEANING OF ACCOUNTS
RECEIVABLES
3.6 BANKER OF WBSEDCL
3.7 CREDIT POLICY AND PRACTICES AT WBSEDCL
3.1NEEDFORTHESTUDY
Business activity is dynamic in character and subject to wide fluctuations. Most
firms treat account receivables as marketing tool to promote sales and
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profits. Every firm has a set of credit terms and policies under which goods are
sold on credit and every policy has a cost and benefit associated with it. This
project attempts as to how to manage the accounts receivable and the impact of
it. In a competitive environment sometimes the firms are compelled and
sometimes the firms desire to adopt liberal credit policies for pushing up the sales
and the factoring has been done. So a careful analysis of various aspects
of the credit policy is required. That is why Appraisal of Receivable
Management is done.
3.2 OBJECTIVE OF THE STUDY
Primary Objective:
To study the effectiveness of managing accounts receivables and the impacts of
the same.
Secondary Objective:
To analyze the collection performance of the WBSEDCL (West
Bengal State Electricity Distribution Company Ltd.) for a period of
two years from 2013-14 2014-15 through calculating collection efficiency
against target.
To find out the efficiency of collection performance comparativestatement
analysis.
To find out the cash collection and cheque collection
3.3 SCOPE OF THE STUDY
Receivables means Collecting the debt owed to the company, by the customers
arising from the sale of goods or services in the ordinary course of business
money owned by customers/ individuals/ corporation to another entity in
exchange for goods and services that have been delivered or used by not
yet paid for receivable usually come in the form of operating lines of
credit and are usually due within a relatively short time period.
The sale of goods on credit is an essential part of any modern and
competitive economic system like India. Credit sale and therefore
receivables are treated as marketing tools to aid the sale of goods. The
study aims at analyzing the debtors and outstanding or amount of its
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company. It is hoped that this study will help the company in reducing
its investment in Accounts Receivables.
3.4 LIMITATION OF THE STUDY
The study has taken into account only three years for comparative analysis.
Time and other resources have proved to be a constraint.
It has always not been possible to get the full information.
Since the study is based only on secondary data, so the reliability of
information may not be ensured.
No primary data is used for the study.
3.5 REVIEW OF LITERATUREMEANING OF ACCOUNTS RECEIVABLES:

Accounts receivable is one of a series of accounting transactions dealing with t h e
b i l l i ng o f c us to me r s w ho o w e mo n e y to a p er s o n, c o mp a ny o r
o r g a ni za ti o n for goods and services that have been provided to the
customer. In most business entities this is typically done by generating an
invoice and mailing or electronically delivering it to the customer, who in turn
must pay it within an established time frame called credit or payment terms.
While booking a receivable is accomplished by a simple accounting
transaction, the process of maintaining and collecting payments on the
accounts receivable subsidiary account balances can be a full time proposition.
Depending on the industry in practice, accounts receivable payments can be
received up to 10 - 15d a y s a f t er t he du e da t e h a s b e en r ea c he d.
T h es e ty p es o f pa y m e nt pr a c ti c es a r e s o me ti me s de v e l o p e d b y
i n d us t r y s t a nd a r d s , co r po r a t e po l i cy , o r be c a u s e o f th e financial
condition of the client.
OBJECTIVE OF RECEIVABLE MANAGEMENT:

From creation of receivables the firm gets a few advantages & it has to
bear b a d de b ts , a d m i ni s tr a ti v e ex p e ns es , f i na n ci ng co s ts e t c. In t
h e ma n a g e m e nt o f r e c e i v a b l e s f i n a n c i a l m a n a g e r s h o u l d f o l l
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o w s u c h p o l i c y t h r o u g h w h i c h c a s h resources of the firm can be

fully utilized. Management of receivables is a process under which
decisions to maximize returns on the investment blocked in them are
taken. Thus, the main objectives of management receivable are to
maximize the returns on investment in receivables & to minimize risk of bad
debts etc. Because investment in receivables affects liquidity and profitability, it
is, therefore, significant to maintain proper level of receivables. Efficient credit
management helps to increase the sales of the firm.
To optimize the amount of sales.
To minimize cost of credit.
To optimize investment in receivables.
To establish a balance between profitability and risk (cost).A b u s i ne s s c a n
a f f o r d to i nv es t i n i ts r e c ei v a b l es u n l e s s t h e ma r g i n a l co s ts a n d
marginal profits are the same. Although the level of receivables is affected by
various external factors like standards of industry, economic conditions, seasonal
factors, rate of competition etc, management can control its receivables.
Though credit policies, credit terms, credit standards and collection
procedures.
FACTORING:
Factoring is the sale of invoices or Accounts Receivable at a discount. It is a way
for the business to generate cash and improve cash flow without taking on
additional debt. Traditionally, factoring was a financing service used by the textile
and furniture industries. Today however, factoring has become a financing
standard in just about any industry that created Accounts Receivable by
extending terms to its customers.
Why do companies factor their Accounts Receivable?

Simply put, to generate cash flow. Factoring provides immediate working capital
f o r co m pa ni e s f a c i ng a s ho r t ter m c a s h co ns tr a i n t. M o s t
c o mp a ni e s t ha t ch o o s e factoring are not currently able to qualify for
28
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a traditional loan from their bank or companies who are growing faster than
their bank is willing to extend credit. Due to credit policies and regulatory
constraints, banks typically need to see 2years of profits, minimal leverage and a
certain amount of cash flow for debt coverage. Companies that do not meet these
characteristics and does not have any real estate to pledge as collateral can many
times find itself on the outside looking in. However, companies with Accounts
Receivable (a current asset but not cash) can use them to generate cash for their
day to day working capital needs. When a company sells its product or service on
terms, it typically creates an invoice. This outstanding invoice for completed
work can be called an Accounts Receivable. Instead of waiting to receive the cash
when the customer remits payment, the business may decide to factor the
receivable and immediately receive the cash. In order to have instant access to
funds, the company is charged a nominal fee. In WBSEDCL (West Bengal State
Electricity Distribution Company Ltd.) it give a time of 5 days if one deposit his
due with in 5 days then he receive a rebate.
BENEFITS
Although every business is different and their reasons for Factoring may
not be the same, the following benefits are representative of most situations:
Additional cash is immediately available
Quick and easy to set up
It is temporary (no long term contracts required) and flexible (frequency
and amount of funding is optional)
No additional debt is created as it is "Off Balance Sheet" financing
Owner avoids giving up equity or control of the company
Unlimited source of Working Capital - the funds available grows as the
company's sales grow
3.6 THE BANKER OF WBSEDCL (West Bengal State Electricity Distribution

Company Ltd.):
1. State Bank of India
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2. Punjab National Bank

3. Uco Bank
4. United Bank of India
Immediate cash requirement:
The immediate cash requirements of the company are met through
the Temporary Bank Overdrafts and Bills Discounting.
Bank Overdrafts:
WBSEDCL makes use of the temporary O.D facilities offered by
its bankers to meet its immediate cash requirement. Under this facility, the
company is allowed to withdraw funds in excess of the balance in its
current account up to certain specified limit during a stipulated period. The
borrowing power will be the difference between the current assets and
current liabilities i.e., working capital after deducting the margin amount.
CREDIT MANAGEMENT:
Trade credit is considered as an essential tool, acting as a bridge for the
movement of the products through production and distribution stages
to customers. When the firm sells its product or services and do not receive the
cash for it immediately the firm is said to have granted trade credit to the
customers. Trade credit thus, creates receivables or book debts which the
firm is expected to collect in the near future. Receivables constitute a
substantial portion of current assets of several firms. In India debtors, after the
inventories, are the major components of the current assets. They form one-third
of the current assets in India. Granting credit and creating debtor amount to the
blocking of funds. The internal between the date of the sale and the date o f
p a y m e nts ha s to b e f i n a nc e d o ut o f th e w o r k i ng ca pi ta l . T h us ,
t r a d e d e bto r s represent investment. As substantial amounts are tied
up in trade debtors, it needs careful analysis and proper management.
3.7 CREDIT POLICY AND PRACTICES AT WBSEDCL

The sales of the company WBSEDCL, goes on credit terms some temporary
prepaid connection are given by the company. The company sells electricity to the
consumer and bill in every 30 days which consumer can paid by month wise or
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consumer can paid 3 months bill together after within 15 days after complletation
of 3 month otherwise consumer charge fine on the bill amount.
DISCOUNT: WBSEDCL paid a rebate if consumer paid the bill before due date.
COLLECTION PROCEDURES:
The company follows a system of centralized control and decentralized
collection. The company does not employ and collection agency for its
collection activities. The Asansol division have seven ccc from where the
collection is done collection is made.
I. Asansol I
II. Asansol II
III. Raniganj
IV. Hirapur
V. Domhani
VI. Barakar
VII. Rupnaryanpur
by several process such as manual collection, online collection, and out of seven
ccc in three ccc kiosk machine is there in ASANSOL I, ASANSOL II, RANIGANJ
CCC.
31
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CHAPTER IV
4.1 RESEARCH METHODOLOGY
4.2 DATA COLLECTION METHOD
4.3 TOOLS AND TECHNIQUIES FOR ANALYSIS
4.4 COMPARATIVE STATEMENT
4.5 CALCULATION OF ACHIEVEMENT
4.1 RESEARCH METHODOLOGY

This project study is aimed at analyzing the Collection efficiency of WBSEDCL and
impact of this same.
32
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RESEARCH:
Systematic and organized effort to investigate a scientific problem.
Identify the problem.
Gather information.
Analyze the data.
Take corrective action and solve the problem.
RESEARCH METHODOLOGY:
It is the way to systematically solve the research problem. This study on
Receivable Management is an analytical study because the facts and information
thatis readily available are being used to make critical evaluation of collection
management at WBSEDCL.
RESEARCH DESIGN:
Research design is a blue print or a planned procedure for conducting
research program.
4.2 DATA COLLECTION METHOD:

Nature of Data
The data collected is secondary in nature. This is due to the nature of analysis,
which only call for secondary data.
Source of Data
The source of data is the various years Revenue Statement, PRT
report provided by WBSEDCL. They were used for the analysis and for
preparing reports. The records maintained by the company where referred to get
the required information.
4.3 TOOLS AND TECHNIQUIES FOR ANALYSIS :
Various tools and techniques are used for the analysis are as follows.
FINANCIAL ANALYSIS:
Comparative Statement
PERCENTAGE ANALYSIS:
Is this study is used to find the variation percentage i.e., the increase and
decrease which is helpful to have a look over in the trend.
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4.4 COMPARATIVE STATEMENT:

Comparative financial statement is a statement of the financial P o s i ti o n o f a
b u s i ne s s , w hi c h a r e pr ep a r e d i n s u c h a w a y a s to p r o v i d e, a t a
t i me perspective to the various element embodied in such a statements. These
statements mainly include two types of analytical statement name
Comparative Collection Statement of all the month of the ccc
Comparative Collection Statement of all ccc together
Comparative financial statement shows the following information for analytical
purposes:
Actual data in absolute money, as given in the financial statement for the
period under consideration
Increase or decrease in various items in money value
Increase or decrease in various items in terms of percentage.
In WBSEDCL every Division Prepare a target in every financial year and which is
divided into all the ccc of the division from where the collection is made.
4.5 CALCULATION OF ACHIEVEMENT

Actual Collection
Achievement =
* 100
Target
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CHAPTER V
5.1 DATA ANALYSIS
5.2 INTERPRETATION AND FINDINGS
STATUS OF REVENUE COLLECTION UPTO APRIL'13 OF FINANCIAL YEAR 2013-14

NAME OF ZONE : BURDWAN
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ASANSOL
NAME
OF
DIVISI
ON
NAME OF CCC
TARGET
2013-14
(Rs. In
lacs)
ASANSOL I
7192.250
ASANSOL -- II
8335.330
RANIGANJ
4096.820
BARAKAR
3516.810
HIRAPUR
1347.320
RUPNARAYANPUR
2226.050
DOMOHANI
1760.020
TOTAL
28474.600
STATUS OF REVENUE COLLECTION

FOR THE REPORTING MONTH
CUMMULATIVE STATUS OF REVENUE

COLLECTION UPTO REPORTING MONTH
TARGET
(Rs. In
lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVE
MENT %
TARGET
(Rs. In
lacs)
COLLECTION
(Rs. In lacs)
ACHIEVEMENT
%
650.005
457.31
70.35
650.005
457.31
70.35
680.024
405.07
59.57
680.024
405.07
59.57
270.568
178.05
65.81
270.568
178.05
65.81
230.152
147.6
64.13
230.152
147.6
64.13
121.154
52.54
43.37
121.154
52.54
43.37
165.652
93.37
56.37
165.652
93.37
56.37
142.325
72.28
50.79
142.325
72.28
50.79
2259.880
1406.22
62.23
2259.880
1406.22
62.23
FINDINGS:
Total target of Asansol Division in the month of April 13 Rs= 2259.880 lacs.
Actual Collection Rs= 1406.22 lacs. Achievement = 62.23%
STATUS OF REVENUE COLLECTION UPTO MAY '13 OF FINANCIAL YEAR 2013-14

NAME
NAME OF CCC
36
PAUL
TARGET
ASANSOL
OF
DIVISI
ON
2013-14
(Rs. In
lacs)
ASANSOL I
7192.250
ASANSOL -- II
8335.330
RANIGANJ
4096.820
BARAKAR
3516.810
HIRAPUR
1347.320
RUPNARAYANPUR
2226.050
DOMOHANI
1760.020
TOTAL
28474.600
TARGET
(Rs. In
lacs)
COLLECTIO
N
(Rs. In lacs)
400.125
284.69
71.15
1050.130
742
70.66
563.221
416.73
73.99
1243.245
821.8
66.10
289.245
175.92
60.82
559.813
353.97
63.23
180.324
177.33
98.34
410.476
324.93
79.16
80.654
69.74
86.47
201.808
122.28
60.59
113.325
109.53
96.65
278.977
202.9
72.73
94.232
72.54
76.98
236.557
144.82
61.22
1306.48
75.91
3981.006
2712.7
68.14
1721.126
ACHIEVE
MENT %
TARGET
(Rs. In
lacs)
COLLECTION
(Rs. In lacs)
ACHIEVEMENT
%
FINDINGS:
Total target of Asansol Division in the month of May 13 Rs= 1721.126 lacs.
STATUS OF REVENUE COLLECTION UPTO JUNE '13 OF FINANCIAL YEAR 2013-14

NAME
NAME OF CCC
37
PAUL
TARGET
ASANSOL
OF
DIVISI
ON
2013-14
(Rs. In
lacs)
ASANSOL I
7192.250
ASANSOL -- II
8335.330
RANIGANJ
4096.820
BARAKAR
3516.810
HIRAPUR
1347.320
RUPNARAYANPUR
2226.050
DOMOHANI
1760.020
TOTAL
28474.600
TARGET
(Rs. In
lacs)
COLLECTIO
N
(Rs. In lacs)
499.770
324.63
64.96
1549.900
1066.63
68.82
552.555
456.01
82.53
1795.800
1277.81
71.16
290.707
225.46
77.56
850.520
579.43
68.13
307.634
170.22
55.33
718.110
495.15
68.95
178.592
63.01
35.28
380.400
185.29
48.71
204.503
115.44
56.45
483.480
318.34
65.84
170.963
65.75
38.46
407.520
210.57
51.67
1420.52
64.43
6185.730
4133.22
66.82
2204.724
ACHIEVE
MENT %
TARGET
(Rs. In
lacs)
COLLECTION
(Rs. In lacs)
ACHIEVEMENT
%
FINDINGS:
Total target of Asansol Division in the month of June 13 Rs= 2204.724 lacs.
STATUS OF REVENUE COLLECTION UPTO JULY'13 OF FINANCIAL YEAR 2013-14

NAME
OF
NAME OF CCC
38
PAUL
TARGET
2013-14


ASANSOL
DIVISI
ON
(Rs. In
lacs)
TARGET
(Rs. In
lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVE
MENT %
TARGET
(Rs. In
lacs)
COLLECTION
(Rs. In lacs)
ACHIEVEMENT
%
ASANSOL I
7192.250
600.640
442.82
73.72%
2105.540
1509.46
71.69%
ASANSOL -- II
8335.330
709.080
574.01
80.95%
2504.880
1851.82
73.93%
RANIGANJ
4096.820
363.140
279.05
76.84%
1213.660
858.48
70.73%
BARAKAR
3516.810
315.820
214.25
67.84%
1033.930
709.4
68.61%
HIRAPUR
1347.320
126.380
75.72
59.91%
506.420
261.01
51.54%
RUPNARAYANPUR
2226.050
185.870
122.4
65.85%
669.350
310.76
46.43%
DOMOHANI
1760.020
151.020
66.34%
558.540
28474.600
2451.950
73.76%
8592.320
440.74
5941.670
78.91%
TOTAL
100.19
1808.440
69.15%
FINDINGS:
Total target of Asansol Division in the month of July 13 Rs= 2451.950 lacs.
STATUS OF REVENUE COLLECTION UPTO AUGUST'13 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
39
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTI
ON
(Rs. In lacs)
ACHIEVEMENT
%
7192.250
653.610
459.81
70.35%
2759.150
1969.26
71.37%
8335.330
826.110
526.28
63.71%
3330.990
2378.1
71.39%
4096.820
408.060
238.84
58.53%
1621.720
1097.32
67.66%
3516.810
370.430
261.32
70.55%
1404.360
970.72
69.12%
1347.320
142.440
103.21
72.46%
648.860
364.22
56.13%
2226.050
198.040
130.92
66.11%
867.390
571.66
65.91%
1760.020
164.340
79.71
48.50%
722.880
390.47
54.02%
28474.600
2763.030
1800.090
65.15%
11355.350
7741.750
68.18%
FINDINGS:
Total target of Asansol Division in the month of August 13 Rs= 2763.030 lacs.
STATUS OF REVENUE COLLECTION UPTO SEPTEMBER '13 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
40
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTI
ON
(Rs. In lacs)
ACHIEVEMENT
%
7192.250
701.850
420.65
59.93
3461.000
2389.91
69.05
8335.330
827.100
537.4
64.97
4158.090
2915.5
70.12
4096.820
435.770
299.84
68.81
2057.490
1397.16
67.91
3516.810
389.540
232.91
59.79
1793.900
1203.63
67.10
1347.320
108.730
87.82
80.77
757.590
452.04
59.67
2226.050
203.580
141.2
69.36
1070.970
712.86
66.56
1760.020
176.560
91.02
51.55
899.440
481.49
53.53
28474.600
2843.130
1810.840
63.69
14198.480
9552.590
67.28
FINDINGS:
Total target of Asansol Division in the month of September 13 Rs= 2843.130
lacs. Actual Collection Rs= 1810.840 lacs. Achievement = 63.69%
STATUS OF REVENUE COLLECTION UPTO OCTOBER '13 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
41
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
7192.250
714.150
432.13
60.51
4175.15
2822.04
67.59
8335.330
780.870
513.13
65.71
4938.96
3428.63
69.42
4096.820
430.040
263.90
61.37
2487.53
1661.06
66.78
3516.810
359.510
216.68
60.27
2153.41
1420.31
65.96
1347.320
126.030
74.65
59.23
883.62
526.69
59.61
2226.050
206.900
122.10
59.01
1277.87
834.96
65.34
1760.020
189.880
79.51
41.87
1089.32
561.00
51.50
28474.600
2807.380
1702.100
60.63
17005.860
11254.690
66.18
FINDINGS:
Total target of Asansol Division in the month of October 13 Rs= 2807.380
STATUS OF REVENUE COLLECTION UPTO NOVEMBER '13 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
42
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
7192.250
666.850
395.20
59.26
4842.00
3217.24
66.44
8335.330
729.730
504.20
69.09
5668.69
3932.83
69.38
4096.820
403.280
245.83
60.96
2890.81
1906.89
65.96
3516.810
324.010
241.27
74.46
2477.42
1661.58
67.07
1347.320
125.500
75.68
60.30
1009.12
602.37
59.69
2226.050
214.640
110.82
51.63
1492.51
945.78
63.37
1760.020
155.460
68.64
44.15
1244.78
629.64
50.58
28474.600
2619.470
1641.640
62.67
19625.330
12896.330
65.71
FINDINGS:
Total target of Asansol Division in the month of November 13 Rs= 2619.470
STATUS OF REVENUE COLLECTION UPTO DCEMBER '13 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
43
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
7192.250
675.51
383.84
56.82
6193.02
3601.08
58.15
8335.330
788.60
454.78
57.67
7245.89
4387.61
60.55
4096.820
348.81
292.88
83.97
3588.43
2199.77
61.30
3516.810
293.07
206.00
70.29
3063.56
1867.58
60.96
1347.320
90.58
87.79
96.92
1190.28
690.16
57.98
2226.050
195.83
123.75
63.19
1884.17
1069.53
56.76
1760.020
138.80
84.10
60.59
1522.38
713.74
46.88
28474.600
2531.200
1633.140
64.52
24687.730
14529.470
58.85
FINDINGS:
Total target of Asansol Division in the month of December 13 Rs= 2531.200
STATUS OF REVENUE COLLECTION UPTO JANUARY '14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
44
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
7192.250
654.35
380.68
58.18
6847.37
3981.76
58.15
8335.330
667.51
434.96
65.16
7913.40
4822.57
60.94
4096.820
310.58
231.86
74.65
3899.01
2431.63
62.37
3516.810
274.86
174.00
63.30
3338.42
2041.58
61.15
1347.320
95.30
64.79
67.99
1285.58
754.95
58.72
2226.050
189.19
99.15
52.41
2073.36
1168.68
56.37
1760.020
128.81
66.92
51.95
1651.19
780.66
47.28
28474.600
2320.600
1452.360
62.59
27008.330
15981.830
59.17
FINDINGS:
Total target of Asansol Division in the month of January 13 Rs= 2320.600
STATUS OF REVENUE COLLECTION UPTO FEBRUARY''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
45
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
7192.250
430.39
340.15
79.03
6602.25
4321.91
65.46
8335.330
590.67
502.47
85.07
7715.47
5325.04
69.02
4096.820
275.22
194.10
70.53
3825.42
2625.73
68.64
3516.810
248.47
170.35
68.56
3293.82
2211.93
67.15
1347.320
87.64
61.80
70.52
1282.64
816.75
63.68
2226.050
179.24
87.16
48.63
2056.77
1255.84
61.06
1760.020
123.26
56.60
45.92
1635.65
837.26
51.19
28474.600
1934.890
1412.627
73.01
26412.020
17394.457
65.86
FINDINGS:
Total target of Asansol Division in the month of February 14 Rs= 1934.890
STATUS OF REVENUE COLLECTION UPTO MARCH''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
46
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
ASANSOL I
ASANSOL -- II
ASANSOL
RANIGANJ
BARAKAR
HIRAPUR
RUPNARAYANPUR
DOMOHANI
TOTAL
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
7192.250
590.00
390.69
66.22
7192.25
4712.60
65.52
8335.330
619.86
426.84
68.86
8335.33
5751.88
69.01
4096.820
271.40
213.03
78.49
4096.82
2838.76
69.29
3516.810
222.99
236.15
105.90
3516.81
2448.08
69.61
1347.320
64.68
55.52
85.84
1347.32
872.27
64.74
2226.050
169.28
118.45
69.97
2226.05
1374.29
61.74
1760.020
124.37
104.69
84.18
1760.02
941.95
53.52
28474.600
2062.580
1545.370
74.92
28474.600
18939.827
66.51
FINDINGS:
Total target of Asansol Division in the month of March 14 Rs= 2062.580 lacs.
Comparative statement of collection efficiency of all the month of

Financial Year 2013-14 of Asansol Division
Month
Target
47
PAUL
April May June July

2259 1721 2204 2451.
.880 .126 .724 950
Aug Sept Oct

2763 2843 280
.030 .130 7.3
Nov Dec
2619 253
.470 1.2
Jan
232
0.6
Feb
193
4.8
march
2062.5
80
Total
28474.
600
Actual
1406 1306 1420 1808.
collection .22
.48
.52
440
Achieve
ment (%)
62.2
3
75.9
1
64.4
3
73.76
80
1800 1810 170
.090 .840 2.1
00
65.1 63.6 60.
5
9
63
00
1641 163
.640 3.1
40
62.6 64.
7
52
00
145
2.3
60
62.
59
90
141
2.6
27
73.
01
1545.3
70
18939.
827
74.92
66.51
Achievement
Comparative Revenue
Statement
80
70
60
50
40
30
20
10
0
30.4. 31.5. 30.6. 31.7. 31.8. 30.9. 31.10 30.11 31.12 31.1. 28.2. 31.3.
2013 2013 2013 2013 2013 2013 .2013 .2013 .2013 2014 2014 2014
Achievement 62.23 75.91 64.43 73.76 65.15 63.69 60.63 62.67 64.52 62.59 73.01 74.92
FINDINGS:
From the above graph we can say that the collection efficiency of Aasansol
Division is fall in the month of June 2013,Aug 2013, Sep 2013, Oct 2013, Jan
2014. But collection efficiency is increased as we compare from April 2013
to March 2014. And the total Target of FA 2013-14 Rs=28474.600. Actual
Collection Rs=18939.827. And Achievement =66.51
STATUS OF REVENUE COLLECTION UPTO April''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
48
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
Hirapur
1129.22
94.10
59.57
63.3049
9
94.10
59.57
Domani
1261.77
105.15
68.71
65.3447
5
105.15
68.71
Rupnarayanpur
1938.70
161.56
94.46
58.4674
4
161.56
94.46
Raniganj
3015.69
251.31
192.67
76.6662
7
251.31
192.67
Asansole-I
5278.40
439.87
381.13
86.6460
5
439.87
381.13
Asansol-II
6162.79
513.57
393.63
76.6458
3
513.57
393.63
Barakar
3419.85
284.99
135.65
47.5981
6
284.99
135.65
22206.420
1850.535
1325.820
71.6452
3
1850.535
1325.820
TOTAL
ACHIEVEME
NT %
63.30499
65.34475
58.46744
76.66627
86.64605
76.64583
47.59816
71.64523
FINDINGS:
Total target of Asansol Division in the month of April 14 Rs= 1850.535 lacs.
STATUS OF REVENUE COLLECTION UPTO May''14 OF FINANCIAL YEAR 2013-14

NAME
OF
NAME OF CCC
49
PAUL
TARGET
2014-15 (Rs.
STATUS OF REVENUE
COLLECTION FOR THE

ASANSOL
DIVISI
ON
In lacs)
REPORTING MONTH
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
63.20
67.1625
9
188.2
122.77
65.23379
Domani
1261.77
105.15
66.68
63.4141
7
210.3
135.39
64.37946
Rupnarayanpur
1938.70
161.56
93.36
57.7865
8
323.12
187.82
58.12701
Raniganj
3015.69
251.31
203.13
80.8284
6
502.62
395.8
78.74736
Asansole-I
5278.40
439.87
303.07
68.8999
879.74
684.2
77.77298
Asansol-II
6162.79
513.57
379.20
73.8360
9
1027.14
772.83
75.24096
Barakar
3419.85
284.99
186.94
65.5952
8
569.98
322.59
56.59672
22206.420
1850.535
1295.580
70.0111
3701.07
2621.4
70.82817
TOTAL
FINDINGS:
Total target of Asansol Division in the month of May 14 Rs= 1850.535 lacs.
STATUS OF REVENUE COLLECTION UPTO June''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
50
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
58.28
61.9341
1
282.305
181.05
64.13276421
Domani
1261.77
105.15
83.02
78.9538
8
315.4425
218.41
69.23924329
Rupnarayanpur
1938.70
161.56
113.65
70.3453
8
484.675
301.47
62.2004436
Raniganj
3015.69
251.31
234.91
93.4742
753.922
630.71
83.65719531
Asansole-I
5278.40
439.87
377.09
85.7276
1319.6
1061.29
80.42512883
Asansol-II
6162.79
513.57
455.19
88.6325
1
1540.6975
1228.02
79.70545808
Barakar
3419.85
284.99
196.09
68.8059
2
854.9625
518.68
60.66698832
22206.420
1850.535
1518.230
82.0427
6
5420.145
4139.63
76.37489403
TOTAL
FINDINGS:
Total target of Asansol Division in the month of June 14 Rs= 1850.535 lacs.
STATUS OF REVENUE COLLECTION UPTO July ''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
51
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
94.33
100.24
376.41
275.38
73.16
Domani
1261.77
105.15
102.32
97.31
420.59
320.73
76.26
Rupnarayanpur
1938.70
161.56
126.05
78.02
646.23
427.52
66.16
Raniganj
3015.69
251.31
286.97
114.19
1005.23
917.68
91.29
Asansole-I
5278.40
439.87
500.39
113.76
1759.47
1561.69
88.76
Asansol-II
6162.79
513.57
612.51
119.27
2054.26
1840.53
89.60
Barakar
3419.85
284.99
227.74
79.91
1139.95
746.42
65.48
22206.420
1850.535
1950.310
105.39
7402.140
6089.950
82.27
TOTAL
FINDINGS:
Total target of Asansol Division in the month of July 14 Rs= 1850.535 lacs.
STATUS OF REVENUE COLLECTION UPTO August ''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
52
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
102.33
108.74
470.510
377.71
80.27672
Domani
1261.77
105.15
78.88
75.02
525.740
399.61
76.00905
Rupnarayanpur
1938.70
161.56
129.22
79.98
807.790
556.74
68.92138
Raniganj
3015.69
251.31
276.17
109.89
1256.540
1193.85
95.0109
Asansole-I
5278.40
439.87
496.77
112.94
2199.340
2058.46
93.59444
Asansol-II
6162.79
513.57
604.23
117.65
2567.830
2444.76
95.20724
Barakar
3419.85
284.99
259.45
91.04
1424.940
1005.87
70.59034
22206.420
1850.535
1947.050
105.22
9252.675
8037.000
86.86137
TOTAL
FINDINGS:
Total target of Asansol Division in the month of August 14 Rs= 1850.535 lacs.
STATUS OF REVENUE COLLECTION UPTO September ''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
53
PAUL
TARGET
2013-14 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
88.58
94.13
564.61
466.33
82.59
Domani
1261.77
105.15
79.59
75.69
630.89
479.20
75.96
Rupnarayanpur
1938.70
161.56
130.38
80.70
969.35
687.12
70.88
Raniganj
3015.69
251.31
320.38
127.49
1507.85
1514.23
100.42
Asansole-I
5278.40
439.87
475.20
108.03
2639.20
2533.66
96.00
Asansol-II
6162.79
513.57
563.25
109.67
3081.40
3008.00
97.62
Barakar
3419.85
284.99
254.96
89.46
1709.93
1260.83
73.74
22206.420
1850.535
1912.340
103.34
11103.210
9949.370
89.61
TOTAL
FINDINGS:
Total target of Asansol Division in the month of September 14 Rs= 1850.535
STATUS OF REVENUE COLLECTION UPTO October ''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
54
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
102.33
108.74
658.71
568.66
86.33
Domani
1261.77
105.15
78.88
75.02
736.03
558.08
75.82
Rupnarayanpur
1938.70
161.56
129.22
79.98
1130.91
816.34
72.18
Raniganj
3015.69
251.31
276.17
109.89
1759.15
1790.40
101.78
Asansole-I
5278.40
439.87
496.77
112.94
3079.07
3030.43
98.42
Asansol-II
6162.79
513.57
604.23
117.65
3594.96
3612.23
100.48
Barakar
3419.85
284.99
259.45
91.04
1994.91
1520.28
76.21
22206.420
1850.535
1947.050
105.22
12953.745
11896.420
91.84
TOTAL
FINDINGS:
Total target of Asansol Division in the month of October 14 Rs= 1850.535
STATUS OF REVENUE COLLECTION UPTO November ''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
55
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
98.44
104.610
262
752.81
667.1
88.6144609
Domani
1261.77
105.15
78.78
74.9233
22
841.18
636.86
75.71053672
Rupnarayanpur
1938.70
161.56
132.09
81.7599
4223
1292.47
948.43
73.38129496
Raniganj
3015.69
251.31
303.06
120.593
2971
2010.46
2093.46
104.1285379
Asansole-I
5278.40
439.87
525.45
119.456
6535
3518.94
3555.88
101.0498437
Asansol-II
6162.79
513.57
568.42
110.681
0389
4108.53
4180.65
101.7554756
Barakar
3419.85
284.99
287.08
100.734
2427
2279.90
1807.36
79.27373928
22206.420
1850.535
1993.32
107.715
8768
14804.28
13889.74
93.82246215
TOTAL
FINDINGS:
Total target of Asansol Division in the month of November 14 Rs= 1850.535
STATUS OF REVENUE COLLECTION UPTO December ''14 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
56
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
86.73
92.167
91
846.91
753.83
89.009458
Domani
1261.77
105.15
97.07
92.315
74
946.33
733.93
77.555398
Rupnarayanpur
1938.70
161.56
150.67
93.259
47
1454.03
1099.10
75.589912
Raniganj
3015.69
251.31
317.10
126.17
88
2261.77
2410.56
106.57848
Asansole-I
5278.40
439.87
456.15
103.70
11
3958.81
4012.03
101.34434
Asansol-II
6162.79
513.57
511.72
99.639
78
4622.1
4692.37
101.5203
Barakar
3419.85
284.99
267.43
93.838
38
2564.89
2074.79
80.891968
22206.420
1850.535
1886.87
101.96
35
16654.815
15776.61
94.72702
TOTAL
FINDINGS:
Total target of Asansol Division in the month of Dcember 14 Rs= 1850.535
STATUS OF REVENUE COLLECTION UPTO January ''15 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
57
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
73.55
78.161
53
941.01
827.38
87.924677
Domani
1261.77
105.15
78.06
74.236
8
1051.48
811.99
77.223533
Rupnarayanpur
1938.70
161.56
115.86
71.713
3
1615.59
1214.96
75.202248
Raniganj
3015.69
251.31
240.89
95.853
73
2513.08
2651.45
105.50599
Asansole-I
5278.40
439.87
408.34
92.831
97
4398.68
4420.37
100.4931
Asansol-II
6162.79
513.57
450.98
87.812
76
5135.67
5143.35
100.14954
Barakar
3419.85
284.99
216.79
76.069
34
2849.88
2291.58
80.409701
22206.420
1850.535
1584.47
85.622
27
18505.35
17361.08
93.816545
TOTAL
FINDINGS:
Total target of Asansol Division in the month of January 15 Rs= 1850.535
STATUS OF REVENUE COLLECTION UPTO February ''15 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
58
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH

ASANSOL
ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
Hirapur
1129.22
94.10
73.56
78.17
1035.11
900.94
87.03795243
Domani
1261.77
105.15
77.96
74.14
1156.63
889.95
76.94352763
Rupnarayanpur
1938.70
161.56
102.49
63.44
1777.15
1317.45
74.13281015
Raniganj
3015.69
251.31
217.18
86.42
2764.39
2868.63
103.7709077
Asansole-I
5278.40
439.87
366.48
83.32
4838.55
4786.85
98.93156623
Asansol-II
6162.79
513.57
415.00
80.81
5649.24
5558.35
98.39118359
Barakar
3419.85
284.99
233.19
81.82
3134.87
2524.77
80.53833216
22206.420
1850.535
1485.860
80.29
20355.89
18846.94
92.58718056
TOTAL
FINDINGS:
Total target of Asansol Division in the month of February 15 Rs= 1850.535
STATUS OF REVENUE COLLECTION UPTO March ''15 OF FINANCIAL YEAR 2013-14

NAME
OF
DIVISI
NAME OF CCC
59
PAUL
TARGET
2014-15 (Rs.
In lacs)
STATUS OF REVENUE
COLLECTION FOR THE
REPORTING MONTH


ON
TARGET
(Rs. In
lacs)
COLLECTI
ON
(Rs. In
lacs)
ACHIEV
EMENT
%
TARGET
(Rs. In lacs)
1129.22
94.10
127.93
135.948
708
1129.22
Domani
1261.77
105.15
108.12
102.826
9811
1261.77
Rupnarayanpur
1938.70
161.56
138.59
85.7832
5682
1938.70
Raniganj
3015.69
251.31
386.15
153.656
3771
3015.69
Asansole-I
5278.40
439.87
2095.93
476.492
1188
5278.40
Asansol-II
6162.79
513.57
1035.30
201.590
5134
6162.79
Barakar
3419.85
284.99
619.65
217.430
5891
3419.85
22206.420
1850.535
4511.670
243.803
5487
22206.420
ASANSOL
Hirapur
TOTAL
COLLECTIO
N
(Rs. In lacs)
ACHIEVEME
NT %
1028.87
91.11333487
998.07
79.10078699
1456.04
75.10393563
3254.78
107.9282022
6882.78
130.3951955
6593.65
106.991314
3144.42
91.94613799
23358.61
105.1885446
FINDINGS:
Total target of Asansol Division in the month of March 15 Rs= 1850.535 lacs.
Comparative statement of collection efficiency of all the month of

Financial Year 2014-15 of Asansol Division
Month
Target
60
PAUL
April May June July

1850 1850 1850 1850.
.535 .535 .535 535
Aug Sept Oct

Nov Dec
1850 1850 1850 185 185
.535 .535 .535 0.5 0.5
Jan
185
0.5
Feb
185
0.5
march
1850.5
35
Total
22206.
420
Actual
1325 1295 1518 1950.
collection .820 .580 .230 310
Achieve
ment (%)
71.6
45
70.0 82.0
1111 42
105.3
9
35
1947 1912 1947 199
.050 .340 .050 3.3
2
105. 103. 105. 107
22
34
22
.71
35
188
6.8
7
101
.96
35
158
4.4
7
85.
62
35
148
5.8
6
80.
29
4511.6
70
23358.
61
243.80
105.18
8
Axis Title
Achievement
300
250
200
150
100
50
0
31.1 30.1 31.1

30.4. 31.5. 30.6. 31.7. 31.8. 30.9.
31.1. 28.2. 31.3.
0.20 1.20 2.20
2014 2014 2014 2014 2014 2014
2015 2015 2015
14
14
14
Achievement 71.6 70.0 82.0 105. 105. 103. 105. 107. 102 85.6 80.2 243.
FINDINGS:
From the above graph we can say that the collection efficiency of Aasansol
Division is fall in the month of May 2014,Aug 2014, Dec 2014, Jan 2015 &
Feb 2015. But collection efficiency is increased as we compare from April
2014 to March 2015. And the total Target of FA 2014-15 Rs=22206.420.
Actual Collection Rs=23358.61. And Achievement =105.19%.
In the month of march 2015 the achievement is 243.8 because the due
pending of Asansol Municipality Corporation (AMC) was cleared by AMC
in that month of march so the collection is very high over target.
COMPARATIVE STATEMENT SHOWING ACHIEVEMENT DURING FINANCIAL

YEAR 2013-14 AND 2014-15
61
PAUL

Month
2013
-14
2014
-15
Actual
collectio
n
April May
1406. 1306.
22
48
Achieve
ment %
62.23 75.91
Actual
collectio
n
1325. 1295.
820
580
Achieve
ment %
71.64 70.01
5
111
June July
1420 180
.52
8.4
40
64.4 73.
3
76
1518 195
.230 0.3
10
82.0 105
42
.39
Aug Sept Oct

1800 1810 170
.090 .840 2.1
00
65.1 63.6 60.
5
9
63
1947 1912 194
.050 .340 7.0
50
105. 103. 105
22
34
.22
Nov Dec
1641 163
.640 3.1
40
62.6 64.
7
52
1993 188
.32
6.8
7
107. 101
71
.96
Jan
Feb
March
1452 1412 1545.3
.360 .627 70
Total
62.5
9
1584
.47
73.0 74.92
1
1485 4511.6
.86
70
66.51
85.6
2
80.2
9
105.18
8
243.80
300
250
200
150
100
Achievement 2013-14
Achievement2014-15
50
0
FINDINGS:
From the comparative statement of FA 2013-14 and 2014-15 it is clear that
the collection efficiency is high in the financial year 2014-15 means
collection efficiency is increase in the FA 2014-15. And also the total
amount collected during the FA 2013-14 is Rs 18939.827 in FA 2014-15 is Rs
62
PAUL
18939.
827
23358.
61
23358.61. So collection efficiency is increase in the FA 2014-15 of Asansol

Division.
FINDINGS
The company net sales were increased during the two years.
The company profit was increased year by year due to sales increased and
efficient management.
63
PAUL

A Project Report On Collection Efeciency (WBSEDCL)

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Droits d'auteur :

A Project Report On Collection Efeciency (WBSEDCL)

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Droits d'auteur :

Department Of Business Administration (Vidyasagar University)

A Study on Collection Efficiency at WBSEDCL

Submitted by Abhijit Paul to the,

Vidyasagar University Department of Business Administration Dr. K.C Paul. This

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

I feel very happy to take the opportunity to extend my heartily thanks to

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

Need For The Study

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

1.2 ACCOUNTS RECEIVABLE MANAGEMENT:

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

An account receivable is the money owed to a company by a consumer

It can cut and maintain your average collection delay or DSO

1.3 CREDIT MANAGEMENT:

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

Trade credit creates amount receivables or trade debtors also referred to

Goals of credit policy:

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

2.1 HISTORY AND DEVELOPMENT

Submitted by ABHIJIT PAUL

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

To Be The Best Power Utility In India -- In Terms Of Customer Service, Efficiency

2.2 Company Profile

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

Corporate Social Responsibility:

Department Of Business Administration (Vidyasagar University)

(vii) training to promote rural sports, nationally recognized sports,

Shri Narayan Swaroop Nigam

Shir Tapan Kanti Rudra

Chairman & Managing

For co-ordinating the CSR activities and submission of recommendations on

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

achieve Zero Accident / accident free organization . Safety Audit is being

2011-12 2012-14 2013-14 Remarks

(a) Snapping of conductors

Department Of Business Administration (Vidyasagar University)

For further strengthening of distribution infrastructure, the following

Department Of Business Administration (Vidyasagar University)

iv) Erection of 20 nos. of 33/11 kvSub-Stations evacuating 252 MVA power

Department Of Business Administration (Vidyasagar University)

Testing of CTs and PTs

Department Of Business Administration (Vidyasagar University)

R-APDRP like IT System Development in balance areas The basic theme of

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

Burdwan Zone divided into 3 region

Department Of Business Administration (Vidyasagar University)

Burdwan Region Divided into 7 division

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

Department Of Business Administration (Vidyasagar University)

3.5 REVIEW OF LITERATUREMEANING OF ACCOUNTS RECEIVABLES: