himani jsl 32 (1).pptx internship report containg how i work in jsl at two months and what i learbned there

it is internship presentation on jsl

1. HARYANA SCHOOL OF BUSINESS Summer Internship Presentation On “ Trade Finance Instruments and Workflow ” AT Under Guidance Of : CA. Deepak Garg Presented By: Himani MBA F ( 3rd Semester ) 240101040032

2. Introduction STAINLESS STEEL IS AN IRON-BASED ALLOY CONTAINING A MINIMUM OF 10.5% CHROMIUM, OFTEN COMBINED WITH NICKEL, MOLYBDENUM, AND CARBON. STAINLESS STEEL IS HIGHLY VALUED IN MODERN LIFE FOR ITS VERSATILITY AND FUNCTIONALITY, WITH APPLICATIONS RANGING FROM KITCHENS TO HOSPITALS. Key features that make it popular include: Durability Corrosion resistance Aesthetic appeal

3. INDIAN STAINLESS STEEL MARKET VALUE (2024): USD 17.45 BILLION PROJECTED MARKET VALUE (2034): USD 31.91 BILLION EXPECTED CAGR (2024–2034): 6.2%

4. COMPANY PROFILE Founded in 1970, Hisar, Haryana. India’s largest stainless steel manufacturer. Global presence: exports to 50+ countries. Products: HR & CR Sheets, Precision Strips, Bars, Coin Blanks, etc.

5. PLANTS Jindal Stainless has two major stainless steel manufacturing plants in India: HISAR , HARYANA MELTING CAPACITY OF 0.8 MTPA JAJPUR, ODISHA MELTING CAPACITY: 2.1 MTPA

6. NATIONAL AND INTERNATIONAL PRESENCE the company operates 16 state-of-the-art stainless steel manufacturing and processing facilities across India and international locations such as Spain and Indonesia, establishing a solid global footprint across 50 countries.

7. PRODUCTS Produces core stainless steel products used as raw materials for diverse industries. World’s largest producer of coin blanks, supplying to government mints in 40+ countries (Europe, Asia, Africa) Supplies ultra-high-quality stainless steel to brands like Gillette for precision blades

8. ORGANIZATIONAL STRUCTURE

9. KEY PERSONS Late Shri Om Prakash Jindal, the visionary founder of the O.P. Jindal Group Smt. Savitri Jindal Chairperson O.P. Jindal Group (MLA) Hisar constituency MR. RATAN JINDAL, CHAIRMAN JINDAL STAINLESS LIMITED ,

10. MR. ABHYUDAY JINDAL MANAGING DIRECTOR JINDAL STAINLESS LIMITED (JSL ) MR. TARUN KUMAR KHULBE CEO/ CFO JINDAL STAINLESS LIMITED MR. VIJAY BINDLISH UNIT HEAD, HISAR JINDAL STAINLESS LIMITED

11. MARKET SEGMENTS

12. SWOT Analysis Strength Weakness Opportunity Threats Market Leadership in India Dependency on Imported Raw Materials Capacity Expansion to Meet Future Demand Global Steel Dumping Integrated Operations & Large-Scale Capacity Vacant CFO Position (FY25) Growth in Government Infrastructure Projects Raw Material Price Fluctuations Strong Export Network Limited Presence in High-End Value-Added Products Value-Added Product Development Environmental Regulation Compliance Costs Focus on Sustainability & ESG Goals Concentration of Manufacturing Facilities Sustainability as a Competitive Edge Labor & Logistics Disruptions

13. Major Competitors COMPETITORS MARKET SHARE Jindal Stainless Limited (JSL) 40% SAIL (Salem Steel Plant) 15% Viraj Profiles Ltd 10% Laxcon Steel Ltd 7% Imports & Others 28%

14. WEEK 1: INTRODUCTION AND FINANCE DEPARTMENT OVERVIEW GAINED ORIENTATION ON COMPANY PROFILE, OPERATIONS, AND ORGANIZATIONAL STRUCTURE. ASSIGNED TO FINANCE DEPARTMENT TO UNDERSTAND CORE FINANCIAL PROCESSES. LEARNED ABOUT : Financial structure and inter-department coordination. Balance Sheet basics – assets, liabilities, and equity. Bank & Vendor Reconciliation Statements (BRS). Letter of Credit (LC) in trade finance. Working Capital components – inventory, receivables, payables.Observed use of SAP for financial transactions Excel tools (VLOOKUP, SUMIF, Pivot Tables) for reconciliations.

15. WEEK 2 EXPOSURE TO INDIRECT AND DIRECT TAXATION Assigned to Taxation Division – focused on Indirect (GST) and Direct Taxes Indirect Tax (GST): Learned GST structure and compliance framework. Understood E-Way Bill usage for goods movement and tracking. Observed monthly GST filings, Input Tax Credit (ITC), and SAP-based compliance Direct Tax (TDS/TCS): Studied definitions, mechanisms, and key sections (194Q, 206C, etc.). Analyzed TDS/TCS on scrap purchases and vendor payments. Understood tax integration in procurement workflows. Gained practical insight into corporate tax management and compliance within a manufacturing setup.

16. WEEK 3: MARKETING DEPARTMENT DEPARTMENT OVERVIEW AND PRODUCT UNDERSTANDING INTRODUCED TO THE DIVISION HANDLING BLOOMS AND FLATS, KEY PRODUCT CATEGORIES IN STAINLESS STEEL. LEARNED THE PRODUCTION-TO-SALES CYCLE, FROM SCRAP PROCUREMENT TO FINAL PRODUCT DELIVERY. UNDERSTOOD THE GRADING SYSTEM COMPRISING NINE GRADES, WITH J9U AND J8G BEING THE MOST IN-DEMAND. NOTED THAT ALL PRODUCTS ARE BIS (BUREAU OF INDIAN STANDARDS) CERTIFIED, A MANDATORY REQUIREMENT FOR EXPORTS.

17. Credit Policy and Dispatch Process The company follows a 21-day credit policy post-dispatch for customer payments. Gained exposure to the complete sales workflow, including: Product Booking Production and Dispatch Clearance Customer Delivery COMPETITOR ANALYSIS AND MARKET SHARE JINDAL STAINLESS HOLDS AN ESTIMATED 30% MARKET SHARE IN STAINLESS STEEL FLATS . Major competitors include : Bindal Mangalam Rimjhim Understood how pricing, quality, and service are critical for maintaining market leadership.

18. WEEK 4: LOGISTICS DEPARTMENT Learned about Inbound & Outbound Logistics – from raw material procurement to product dispatch. Understood dispatch workflow, documentation, and coordination with logistics partners. Observed real-time GPS tracking system for monitoring vehicle movement, delays, and route optimization. Studied multimodal transport (road, rail, waterways) and 135 in-plant vehicles for internal movement. Explored sustainable logistics through EV and LNG vehicle trials – reducing emissions and fuel costs. Key Learning: Logistics efficiency directly impacts working capital, delivery speed, and customer satisfaction.

19. WEEK 5 EXPOSURE TO TRANSACTIONAL FINANCE OPERATIONS AND Continued in the Finance Department, supporting transactional and documentation workflows. ERP WORKFLOW OBSERVATION Billing & Records Handling: Organized and validated vendor and logistics billing documents. Prepared internal financial summaries using Excel. Mapped invoices to vendors as part of Accounts Payable support . SAP ERP Exposure : Learned about FICO module codes for billing, procurement, and vendor ledgers. Observed linkage of finance entries with marketing workflows. Key Takeaway: Gained insights into how accurate documentation and ERP workflows support financial control and working capital health.

20. Weeks 6 & 7 AUDITORS TEAM

21. Key Financial Instruments Letters of Credit (LCs)

22. PROCESS OF LC

23. Bank Guarantee (BG) Types of Bank Guarantee

24. Bill of Entry (BOE)

25. Bill of Lading (BOL) Types of Bills of Lading

26. Bank Reconciliation Statement A Bank Reconciliation Statement (commonly known as Reco) is a document that compares and reconciles the difference between the bank balance shown in an organization’s bank statement, as provided by the bank, and the corresponding amount shown in the organization’s own accounting records at a particular point in time. This process helps to identify any discrepancies due to checks or deposits not yet cleared or recorded, bank errors, or accounting errors.

27. Conclusion My internship experience at Jindal Stainless Limited (JSL) has been a remarkable journey of learning and professional growth. It provided me with an opportunity to bridge the gap between academic theories and practical corporate applications. Working in the finance department helped me understand the real-time functioning of trade finance instruments such as Letters of Credit, Bank Guarantees, Bills of Entry, and Bills of Lading, along with their vital role in international and domestic trade. I gained hands-on experience in SAP-based invoice processing, verification of Lorry Receipts, and reviewing of lease agreements, which enhanced my understanding of documentation accuracy and financial discipline..

28. THANKS