Organization of Sip - Karnataka State Finance Corporation

SUMMER INTERNSHIP PROJECT WEEKLY REPORTING

Name of the Mentee:Anusha G Bedekar

Register No:1627634

Mobile No:9611893602

Organization of SIP:Karnataka State Finance Corporation

Name of the Mentor:Gopala Krishna Hedge

Designation in the Organization:Manager

Mobile No.:9900795574

Week 1 : April 2nd to April 7th

Report:

In this week I got to know about the organisation. How company founders of Infosys, Bicon had approached for loans to set up their organisation where their loans were approved and how they repaid their loans. I got to know about their project appraisal plans and loan recovery plans. Seeing their annual report I got a brief knowledge in this week about their organisation, collaterals, NPA and shareholders. I read about their success stories of approving loans to well-known organisations. They give loans to micro, small and medium enterprise. My project is about analysing their financial statements for which I am analysing their financial statements .I went through their operational statistics which gave details of their balance sheets and their schedules and amendments to approve loans

Week 2 : April 8th to April 14th

Report:

 Sir,

        As informed to you earlier I had taken leave for the week mentioned above because of my family function for which I was out of town.

Week 3 : April 15th to April 21st 

This week being my second week in organization, I have been doing research on their organization, seeing their balance sheet books and operational statistics and calculated ratios of 2 years and analysed .And interpreted the analysed results I got. Ratios calculated are profitability ratio and return on capital employeesI read in detail about their NPA’s and loan advances. Saw the loan documents and got an idea how companies approach for loan and how their loans are sanctioned and noted the details. I did a detail study on their financial appraisals and went through their memorandums and updated on the excel sheets. And now working on calculating their depreciation of their assets.

Week4:April 22nd to 28th 

Report:

Discussion with higher officer Mr.Ashok Vanahalli on how they give loans and in spite of having higher interest rates ,organisation borrow loans because of long term benefits and they maintain a debt equity ratio of 2:1 ratio and went through the memorandums and exactly how they follow this ratio and follow through it and calculated for few of the projects.

The corporation adopts the norms for debt equity ratio as per the guidelines. I went through their norms mentioned in their books i.e

Loans up to Rs10 Lakhs 3:1

Loans above Rs10 Lakhs 2:1

Additional Loans projects 2:1

Over all 2:1

Residential projects 1:1

Residential layout transformation 1:1

And I continued the calculation of depreciation from 2012-2016 on their assets on excel

Bulidings-4%

Furniture and fixtures-10%

Fans, electrical fittings, Internal Telephones and equipments-15%

Motor car, bicycles, computer, motor cycles-20%  

And I continued with the calculation of ratios and analysed and interpreted their results for other two years

Week 5:1st may-7th may

This week I saw how KSFC invites entrepreneurs to utilize the facilities available in the state by giving financial assistance

I saw their lending policies by which many industries where they have given loans and the classification of products is done by managing director

I went to their other branch situated near Cubbon Park to see the memorandums of their loan giving polices which was entered on excel and calculated on how they maintain 2:1 DER as some missing values were given to me to calculate