Corporate Internship
Corporate Internship
Corporate Internship
• Ankit Metal & Power Limited, a steel group diversification, was established in
2005 as a 100,000 Mtpa comprehensive steel plant producing rolled goods,
including sponge iron, steel, billet together with 13.5 Mega Watt of on-site
power industry. Companies like ANKIT-TMT BARS are generally liked in the
region
Industry Analysis
• The Industry currently runs an integrated iron and
steel mill in West Bengal's Jorehira, Dist., Bankura,
and it has a dynamic management system that
includes certification for quality, the environment,
and occupational health and safety.
• The financial sector is a section of the economy
made up of firms and institutions that provide
financial services to commercial and retail
customers. This sector comprises a broad range of
industries including banks, investment companies,
insurance companies and real estate firms
SWOT ANALYSIS
▪ STRENGTH ▪ WEAKNESS
▪ Resources ▪ Financial issues
▪ Experience and knowledge ▪ Market awareness and reputation
▪ High demand ▪ Huge set up costs
▪ OPPORTUNITIES
▪ Diversification
▪ New product development
▪ Future growth and Stronger Demand
▪ THREATS
▪ Environmental Issues
▪ Pandemic of Covid-19
▪ Highly Competitive
FINANCIAL ANALYSIS
• The Company's overall operating revenue for the year under review decreased by 23.78% to
41,791.68 lacs from 54,827.70 lacs in the prior year.
• In comparison to the prior year's net loss of 7,580.73 lacs, the organisation has seen a fall of
7,546.01 lakhs. The losses are mostly linked to the Company's struggling with cash flow,
rising input costs, underutilization of plant capacity, etc.
• All these losses incurred due to covid-19 pandemic situation and now the company is taking
the necessary measures to minimize the losses.
• Overall prices for steel and other products have increased therefor declining the demand and
thus the company is incurring heavy losses due to it.
DETAILS OF PROJECT/STUDY CARRIED OUT:-
I was supposed to overview the production part and the financial part of the
industry. My internship was divided into 2 parts were in first 15 days I had to see
the Production part and manage the problem arising and in the next few days of the
internship was focused on the finance part this included dealing with the financial
accounts.
CONCLUSION
Together in, summary, this internship has been fantastic and
fulfilling. I should add that I learned a lot from my internship. I'm
confident that I now have a far better understanding of the
workplace. But I need to improve on it. I should become more
assured when using accounting principles. I became aware that I
could have completed the task earlier, but at the end of the day I
am very grateful that I was provided with the opportunity of
completing this internship.
KEY LEARNINGS
• How to put my knowledge and skills into practice.
• The benefits of networking.
• Understanding workplace culture.
• Enthusiasm is invaluable.
• Keeping a journal is great for personal growth.
• How important good communication is.
• The benefits of taking on feedback.
REFFERENCES
https://www.ankitmetal.com
https://www.wikipedia.org
https://www.bseindia.com/
ANNUAL REPORT 2020-
2021