1. Submitted by:-
ADITI TIWARI
MBA(3 SEM)
ENROLLMENT NO:A7001914010
UNDER GUIDANCE OF:
DR.AMIT SINHA
ASSOCIATE PROFESSOR
ABS LUCKNOW
(SUMMER INTERNSHIP REPORT IN PARTIAL FULFILLMENT OF THE
AWARD OF FULL TIME MASTER OF BUSINESS ADMINISTRATION)
AMITY BUSINESS SHOOL
AMITY UNIVERSITY UTTAR PRADESH , LUCKNOW
2. This Report is confined to PEC Limited. It takes into account the trading operation of the
company particularly those related to International Trade.
PRIMARY OBJECTIVE:-
To Study the Evolution of PEC company from Predominantly Export Company to an
International Trading Company.
To Study the working of Various activities undertaken in Export and Import Division in
International Trade Transaction.
SECONDARY OBJECTIVE:-
To study the transition in operation /activities of PEC which have taken place during the course
of last 30 years of its existence.
To study the present basket of items in which PEC is presently dealing and suggest ways to
further diversify its activities keeping in view the changing trade scenario and challenges.
3. The purpose of methodology section is to describe the research
procedure.
OBJECTIVE OF RESEARCH:-
The purpose of Research is to Study the evolution of PEC Limited
from predominantly Export Company to International Trading
Company
TYPE OF RESEARCH METHODOLOGY:-
The Type of Research used in this Study is Case Study
TYPE OF DATA:-
Secondary data was collect from PEC Limited Book, magazines,website ,etc.
further information was obtained through brochures ,reports given by organisation.
4. Considering the market , the product and the nature of business ,
PEC’s present operation are classified into 4 centers. these are:-
Exports of project and equipment
Trading in agro commodities
Import of industrial raw material
Import of bullion
PEC does not itself undertake design, consultancy and equipment
manufacture , it however guarantees performance of the project to
overseas clients.
PEC does not itself directly finance for the funding of the project. it
makes the clients aware of different financial packages available
from India.
5. After studying the operation and activities of PEC during the Six
weeks stay, I have following Recommendation to make:-
PEC Limited should also look into the possibility of branding
selected items, which can then be offered for exports in certain
thrust countries where PEC is already operating. The items so
selected should be from good, established manufacturers who do
not have a strong brand identity but their items have good export
potential.
The second recommendation would be for PEC to establish custom
bonded warehouses in selected countries where consignment sale of
identified items is possible. This will involve PEC tieing up
arrangements with local companies and selecting a set of good and
reputed manufacturers in India who are willing to utilize the
warehouse facility.
6. Software and IT related goods and services exports are at present a
booming sector. Though PEC has started its initial foray in this field, some
professionals from software and IT sector should be employed to give this
activity the necessary impetus.
Though PEC has updated its communication and IT network within the
company with 256 KB leased line from VSNL for 24 hours connectivity. There
are certain sections in PEC , who are not fully aware of the potential of usage
of computers. Hence PEC should train its employees to utilize the existing
network of computers and terminals in a much effective manner for
maximum benefits to the company.
7. PEC since its inception in early 70s, mainly concentrating in export
of Turnkey projects and Engineering items. This continued till about
2 decades.
With De canalization of export of Railway Rolling Stock in early 90s,
PEC started its diversification activities in full earnest.
Along with continuing the export of Turnkey projects and
Engineering items,PEC also deployed its manpower to concentrate in
diversifying the portfolio, with the result .
Inspite of Liberalization , competition from China and other South
Asian countries, PEC has been able to steadily increase both its
turnover and profits today is Rs. 22 billion sales turnover company.