2. EXECUTIVE SUMMARY
• TGB Banquets is in the Hotels sector.
• Bhagwati group was founded in 1989 by
Narendra Somani The CMD of the company.
• Sales of Rs 49.98 crore and a Net Profit of Rs 3.68
crore for the quarter ended Dec 2013.
• The TGB group opened a hotel at Ahmedabad
namely “The Grand Bhagwati” in the year 1999.
3. • Ahmedabad’s TGB is a four star hotel .
• Bhagwati banquets has awarded the
certificate of excellence for the year 2012 by
Trip Advisor.
• Mr. Somani was also awarded “Sindh Bhushan
Award” by All India Sindhi Association of
Industries in the year 2006 as a young
entrepreneur.
4. MISSION
• They aim to take their vision not just across
Gujarat but to every metro pan India and
wherever else their imagination takes them.
TGB will soon have its presence across India
through Banquets, Conventions, Hotels,
Restaurants and Bakery’s & Café’s at all major
tourist destinations.
5. VISION
• The Grand Bhagwati is committed to meeting
and exceeding the expectations of their
guests, through continuous dedication and
perfection by their team, whom they rely
upon to make it happen and are committed to
their growth, development and welfare,
resulting to create extraordinary value.
6. Research Objective
• To analyse the accounting practices adopted
by the company in line with the accounting
standards.
• To explore the existing auditing methods and
to judge its qualitative performance.
• To study the finance activities of the company
and documentation required.
7. • The objective was to get an overview of the
finance department of a hotel industry . This
includes recording of income and expenses of
various outlets of TGB , Preparing annual
reports and statements , credit ratings etc
• Decision making on the various aspects of
Finance of the company
•
8. Scope
•This study can be conducted by studying the reports
of previous years of the company and comparing the
reports with its competitors
•Decisions can be taken to achieve high ratings
9. Limitations
The following were the limitations that I faced
during my SIP .
•Since I am a student I could not access each and
every thing for my knowledge and thus I was limited
up to a certain point for instance Confidential
documents were not accessible .
•Being for a temporary period with the company I was
not allowed to get training which company was organizing
for their employees so what I could get was a general
overview of training and not in particular.
13. Financing
• Rating:
Rating means a classification or ranking of
someone or something based on a
comparative assessment of their quality,
standard, or performance.
14.
15. Credit Rating
• Meaning
A credit rating is an evaluation of the credit
worthiness of a debtor, especially
a business (company) or a government, but
not individual consumers. The evaluation is
made by a credit rating agency of the debtor's
ability to pay back the debt and the likelihood
of default. Evaluations of individuals credit
worthiness is known as credit reporting and
done by credit bureaus, or consumer credit
reporting agencies, which issue credit scores.
17. Rating Agencies
• CRISIL(Credit Rating Information Services of
India Ltd)
• ICRA(Information and Credit Rating Services
ltd)
• CARE (Credit Analysis and Research Ltd)
• FITCH India
18. Registration
• Credit Rating agencies are regulated by SEBI.
• Registration with SEBI is mandatory for carrying out
the rating Business.
• A registration fee of Rs. 25000 should be paid to SEBI
19. Promoter
• A Credit rating agency can be promoted by:
• Public Financial Institution
• Scheduled Bank
• Foreign Bank operating in India with RBI approval
• Foreign Credit Rating agency having at least five
years experience in rating securities
• Any company having a continuous net worth of
minimum 100 cores for the previous five years.
20. Eligibility Criteria
• Is set up and registered as a company
• Has specified rating activity as one of its main objects
in its Memorandum of Association.
• Has a minimum Net worth of Rs 5 Crore.
• Has adequate Infrastructure
• Promoters have professional competence, financial
soundness and a general reputation of fairness and
integrity in Business transactions , to the satisfaction
of SEBI.
• Has employed persons with adequate professional
and other relevant experience, as per SEBI directions.
21. Fixed Deposit Work
o Fixed deposit at TGB is unsecured.
o Minimum period is for 6 months maximum for 36
months.
o Brokerage rates –up to 1 year-1% up to 2 year-
1.5% and up to 3 year- 2%.
o Register of deposit is to be maintained for 8
years.
28. Conclusion
• We have concluded that hotel management
industry is growing rapidly in current market
scenario. The Grand Bhagwati has awarded
the certificate of excellence for the year 2012
by the trip advisor. The working style of The
Grand Bhagwati is systematic and very
effective for growth.
