TITLE WORKING CAPITAL MANAGEMENT AT HCL LEARNINGPROBLEM At HCL a substantial part of the total assets are covered by current assets. Current assets from around 80% of the total assets. However this could be less profitable on the assumption that current assets generate lesser returns as compared to fixed assets. But in todays competition it becomes mandatory to keep large current assets in form of inventories so as to ensure smooth production an excellent management of these inventories has to be maintained to strike a balance between all the inventories required for the production.So, in order to manage all these inventories and determine the investments in each inventories, the system call for an excellent management of current assets which is really a tough job as the amount of inventories required are large in number.Here comes the need of working capital management or managing the investments in current assets. Thus in big companies like HCL it is not easy at all to implement a good working capital management as it demands individual attention on its different components.So, I have been given this topic to make an in-depth analysis and detailed study to come out with a clear magnified view as to whether the management of working capital at HCL is sound or not.*Why is the particular topic chosenThe topic working capital management is itself a very vast topic yet very important also. In my view my study of the working capital management has certain limitation. Because I just spent only eight weeks in the HCL LEARNING and whatever information during that short period I could gather, I am working upon that. Thus my study does not present an overall view of the working capital management at HCL LEARNING. Due to time restraints it was not possible to study in depth in get knowledge what practices are followed at HCL LEARNING. Nevertheless, many facts and data are such that they are not to be disclosed because of the confidential nature of the same. Hence because of that I cannot express any opinions upon various issues which it limits the scope of my study. However I have tried to give an understanding of Working capital management in as much as detail as possible.*What contribution would the project make and to whom?:The objectives of this project were mainly to study the inventory, cash and receivable at HCL learning, but there are some more and they are - The main contribution of our study is to render a better understanding of the concept Working Capital Management. To understand the planning and management of working capital at HCL Learning. To measure the financial soundness of the company by analyzing various ratios.To suggest ways for better management and control of working capital at the concern.OBJECTIVE OF THE STUDYThis research Project covers the two most important aspects or features of the functioning of the Finance and Accounts Department of the HCL.

The first part is both, an analytical as well as an academic study that involves an analysis of the working capital and working capital management policies of the organization i.e. HCL.

The main objectives of this study are

To understand the working capital management policies of the organization. To understand the importance of working capital management. To analyze the liquidity position of the organization. To analyze the short-term financing policies and patterns, which affect the working capital of the organization? To study the factor that affects the working capital management at HCL. To find out the profitability and operational efficiency of the organization.SCOPEIn short descriptive research deals with everything that can be counted and studied. But there are always restrictions to that. Your research must have an impact to the lives of the people around you. The major purpose of descriptive research is to give a description of the state of affairs, as it exists in the present. The main characteristic of this method is that researcher has no control over the variables. The researcher can only report what has happened or what is happening. What, where, When, How are the researcher and not Why. Descriptive Report is that subscription which answers or addresses all these questions. The study mainly based on the secondary data which refers to that form of information that has been already collected and is available. These include some internal sources within the company and externally these sources include books and periodicals, published reports and data of HCL and the annual reports of the company. Interaction with the various employees of the accounts department has also been a major source of information. The Data & Financial result of the past five years have been taken into consideration for analysis and calculations.

METHDOLOGYDATA COLLECTION

Data collection is a term used to describe a process of preparing and collecting data. The purpose of data collection is to obtain information to keep on record, to make decisions about important issues, to pass information on to others. Primarily, data is collected to provide information regarding a specific topic.

As we all know that while making project on working capital management all the data required is secondary data because all the relevant information will be available in the annual reports.Secondary data Secondary data is data collected by someone other than the user. Common sources of secondary data for social science include censuses, surveys, organizational records and data collected through qualitative methodologies or qualitative research. Primary data, by contrast, are collected by the investigator conducting the research.Secondary data analysis saves time that would otherwise be spent collecting data and, particularly in the case of quantitative data, provides larger and higher-quality databases than would be unfeasible for any individual researcher to collect on their own. In addition to that, analysts of social and economic change consider secondary data essential, since it is impossible to conduct a new survey that can adequately capture past change and/or developments.Advantages of Secondary data1) It is economical. It saves efforts and expenses. 2) It is time saving. 3) It helps to make primary data collection more specific since with the help of secondary data, we are able to make out what are the gaps and deficiencies and what additional information needs to be collected. 4) It helps to improve the understanding of the problem. 5) It provides a basis for comparison for the data that is collected by the researcher. Disadvantages of Secondary Data1) Secondary data is something that seldom fits in the framework of the marketing research factors. Reasons for its non-fitting are:-1.1. Unit of secondary data collection-Suppose you want information on disposable income, but the data is available on gross income. The information may not be same as we require. 1.2. Class Boundaries may be different when units are same. 1.3. Thus the data collected earlier is of no use to you. 2) Accuracy of secondary data is not known.3) Data may be outdated. Evaluation of Secondary DataBecause of the above mentioned disadvantages of secondary data, we will lead to evaluation of secondary data. Evaluation means the following four requirements must be satisfied:-1) Availability - It has to be seen that the kind of data you want is available or not. If it is not available then you have to go for primary data. 2) Relevance - It should be meeting the requirements of the problem. For this we have two criterion:- i) Units of measurement should be the same. ii) Concepts used must be same and currency of data should not be outdated. 3) Accuracy - In order to find how accurate the data is, the following points must be considered: - i) Specification and methodology used; ii) Margin of error should be examined; iii) The dependability of the source must be seen. 4) Sufficiency - Adequate data should be available.Sources of Secondary Data - Following are the main sources of secondary data: 1. Official Publications: Publications of the HCL LEARNING or the by the corporate office of HCL LEARNING.2. Unpublished Data: Data may be obtained from several companies, organizations, working in the same areas. For example, data on HCL LEARNING by magazines.