REPORT ON THE INTERNSHIP CARRIED OUT AT CARBON
CONSTRUCTION INDIA PVT LTD, BANGALORE, KARNATAKA FROM
th
th
18 APRIL 2016 TO 16 MAY 2016
Submitted in partial fulfillment of the requirement for the award of degree in
MASTER OF BUSINESS ADMINISTRATION
Of
UNIVERSITY OF KERALA
UNIVERSITY OF KERALA
PRAMOD K
Reg No: 59515810079
Under the Guidance of
Mr. ALEX KOSHY
Assistant Professor
TKM INSTITUTE OF MANAGEMENT
MUSALIAR HILLS, EZHUKONE
KOLLAM
2015-2017
DECLARATION
I hereby declare that the Internship report entitled, INTERNSHIP REPORT AT CARBON
CONSTRUCTION INDIA PVT LTD is the report in original carried out by me under the
guidance of Dr. ALEX KOSHY, Assistant Professor, TKM Institute of Management and Mr.
ALBIN JOHNY, Accountant, Carbon construction Pvt ltd,( Bangalore) towards the partial
fulfillment of the award of Master of Business Administration of the University of Kerala
during the second semester of study in TKM Institute of Management. I further declare that
the work has not been submitted and will not be submitted either in part or in full, for the
award of any other degree to any other Institute.
17 May 2016
Kollam
Pramod k
ACKNOWLEDGEMENT
The Successful completion of this dissertation owes to the inspiration and constant
support that I received from various sources. I avail this opportunity to express my sincere
gratitude to all those who helped me directly or indirectly for the completion of this project.
I hereby express my profound gratitude to Dr. A.VISWANATHAN, Director,
TKM Institute of Management and to my internship guide Mr. ALEX KOSHY, Assistant
Professor for his valuable guidance and supervision given at all stage of my internship.
I sincerely thank the management of Industrial Consultant Corporate for permitting
me to do the internship in their prestigious organization. I will always be thankful to them for
their valuable help and support.
I wish to express my deep sense of gratitude to Mr. ALBIN JOHNY, Accountant,
Carbon construction Pvt ltd. for his training, support and guidance to complete my internship.
I also take this opportunity to thank my parents, friends and faculty members of TKM
and all those who have helped me directly and indirectly for the successful completion of
internship.
17 May 2016
Kollam
PRAMOD K
TABLE OF CONTENTS
Sl. No
Particulars
1.
Introduction
2.
Industry Overview
2-9
2.1 Industry Profile
2.2 Competition
2.3 Environment of Industry
3.
4.
5.
Page No
1
Company Overview
10-17
3.1 Company Profile
11
3.2 Customer Profile
15
3.3 Common terminology used in the Industry
16
Internship Details
18-23
4.1 Nature of work
An average day
19
4.2
21
4.3 Learning Summarization
22
Bibliography
24
1. INTRODUCTION
An Internship is an opportunity for practical work experience in a students chosen field of
study. An Internship provides you with the hands-on learning outside of the classroom. An
Internship offers students:
The opportunity to see firsthand whether a particular field is a good match.
First- hand knowledge of an organization.
The ability to earn academic credit.
Experience in resume writing and interviewing.
The internship program is designed to provide participants with an opportunity to engage in
field experience, share their insights, to explore and establish the links between class room
learning and the actual business world and assists participants by providing them with hands
on experience.
Internships are individualized and tailored to the needs and interests of each student in the
program. As part of the internship experience, students are expected to take an active role in
finding an appropriate internship for themselves.
Under the guidance of experienced practitioners, interns apply the skills and theories learned
in the classroom to real-world issues. An internship is a work experience that also has
academic value in one's program of study.
Internship is set in a learning environment, it is in the students major, and the work is done
for academic credit. Internship positions are reserved for students and can be paid or unpaid.
While getting paid is ideal, its also important to choose opportunities based on the
experience they will provide rather than focusing on money.
2. INDUSTRY OVERVIEW
The construction industry is the second largest industry in India after agriculture. It accounts for
about 11% of India as GDP. It makes significant contribution to the national economy and provides
employment to large number of people.
There are mainly three segments in the construction industry like real estate construction which
includes residential and commercial construction; infrastructure building which includes roads,
railways, power etc; and industrial construction that consists of oil and gas refineries, pipelines,
textiles etc.
According to a study by ASSOCHAM, the burgeoning Indian construction industry, currently
worth $70 billion, will rise to US$120 billion by 2010. Construction is an essential part of any
countrys infrastructure and industrial development. Construction industry, with its backward and
forward linkages with various other industries like cement, steel bricks etc. catalyses employment
generation in the country. Construction is the second largest economic activity next to agriculture.
Broadly construction can be classified into 3 segments Infrastructure, Industrial and Real Estate.
Infrastructure segments involve construction projects in different sectors like roads, railways,
ports, irrigation, power etc. Industrial construction is contributed by expansion projects from various
manufacturing sectors. Real estate construction can be sub-divided into residential, commercial,
malls/multiplexes etc.
The construction activity involved in different segments differs from segment to segment.
Construction of houses and roads involves about 75% and 60% of civil construction respectively.
Building of airports and ports has construction activity in the range of 40-50%. For industrial projects,
construction component ranges between 15-20%. Within a particular sector also construction
component varies from project to project.
Construction sector contributed about 11.5% to the country GDP in FY 08. Over past few
years, growth of the construction has followed the trend of economic growth rate of the country. The
multiplier factor between growth rates of construction and GDP has been about 1.5X-1.6X. Over past
3 years, construction as a percentage of GDP has increased from 8.0% in FY 06 to 8.5% in FY 08.
Construction activity being labour intensive has generated employment for about 33 million people in
the country.
The construction industry in India is highly fragmented. There are number of unorganized
players in the industry which work on the subcontracting basis. To execute more critical projects,
nowadays bids are increasing placed in consortium. But the profitability of the construction projects
varies across different segments. Complex technology savvy projects can fetch higher profit margins
for construction companies as compared to low technology projects like road construction. Various
projects in Construction industry are working capital intensive. Working capital requirement for any
company depends on the order mix of the companies.
The construction industry operates on the basis of contractual agreements. Over the years
different types of contracts have been developed. It mainly depends on the magnitude and nature of
work, special design needs, annual requirements of funds and complexities of job. Construction
projects can be materialised through number of smaller contracts which mainly depends upon size of
the project and diversified nature of activities to be carried out in the project. As a result,
Subcontracting is a common phenomenon in the construction industry
2.1 Major projects
1. The Delhi-Mumbai Industrial Corridor (DMIC)
One of the most ambitious projects India is currently undertaking in the DMIC, a 1,483 km
stretch consisting of nine "Mega Industrial Zones" linking Mumbai and Delhi. The project, which is
estimated to cost upwards of $90 billion, will also involve the construction of ports, roads, airports
and a power plant.
The DMIC - which would span six of India's states - is being funded by both the Indian
government and foreign investment. At the moment, a large portion of the project's money is coming
from Japanese businesses, but the scheme is open to FDI from other nations.
In the long term, the goals of the project are to double employment potential, triple industrial
output and quadruple exports from the region in the five years following its completion in 2017.
2. Navi Mumbai International Airport (NMIA)
One of the largest greenfield airport projects in the world, the NMIA is forecast to process ten
million passengers a year in its first year of operation; currently scheduled as 2019. Ultimately, the
airport will be able to service 60 million passengers per year in 2030, according to the latest estimates.
The airport will cover an area of 11.6 sq km, and will consist of two parallel runways with a
terminal in between them. The scheme has been in the works since 2007, but delays have prevented
construction from occurring until now. Work will officially start in October 2015, according to a
recent announcement from Maharashtra chief minister Devendra Fadnavis.
3. Gujarat International Finance Tec-City (GIFT)
Located 12 km from Ahmedabad and eight km from Gandhinagar, GIFT is a huge central
business district that will be one of the largest financial hubs in the world once completed. The
scheme has a construction area of 8.5 million sq m; for comparison, Tokyo's Shinjuku district
measures 1.6 million sq m, and London's Dockyards has an area of 1.1 million sq m.
Currently, two buildings - each measuring 122 m tall - have been completed along with all the
phase one infrastructure work. One of these is already 70 per cent occupied. Ramakant Jha, GIFT's
group CEO, said: " "Our target in phase one was to sell ten million square feet in developmental
rights. We have already sold 12.6 million until December 2014."
4. Smart City Kochi
This development involves the construction of an 'IT township': a city built around a business
park with a focus on technology. The first phase of this project - which is thought to cost up to $800
million - is nearing completion, and its first building will be inaugurated in June this year. This phase
alone will generate around 5,500 jobs.
Construction of phase two will begin in 2016, and will involve building hospitals, educational
facilities and a wide range of other buildings, along with their supporting infrastructure. Residential
buildings are also planned, along with retail and office space.
5. Happinest housing project
This housing development, led by Mahindra Lifespaces Developers, launched its second arm
at the end of 2014. The first scheme in Avadi - near Chennai - consists of 1,268 apartments, while the
new Mumbai project will see over 800 apartments spread over an area of over 54,000 sq. m.
The first phase of construction for the Mumbai project is ongoing, but Mahindra Lifespaces
expects to have 359 units completed by the end of 2015. Speaking to the Times of India, the firm's
CEO and managing director Anita Arjundas said: "There is a huge demand for affordable housing.
"We are evaluating opportunities and we may come up with such projects in Maharashtra
considering the increasing demand for affordable housing and development of infrastructure and
industries in the state."
2.2 Competitors
Evershine Dwellings Pvt. Ltd. was established to respond to the ever growing need for
quality at an affordable price within a very strategic location witch are closer to office spaces and also
very easy access to everyday infrastructure in Bangalore .
Today Evershine Dwellings is one of the Newest Start Up Property Developers in Bangalore.
We have built a strategic headquarter in Kormangala. We are Known to be a Professional managed
organization with a stable and confident business model. Evershine Dwellings with its persistent
dedication, hard work and perseverance, have brought Evershine Dwellings to the forefront of Real
Estate Industry in Bangalore City.
Ashirva Infrabuilders India Private Limited is a Private incorporated on 02 September 2011. It is
classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Its authorized
share capital is Rs. 500,000 and its paid up capital is Rs. 100,000.It is inolved in Building of complete
constructions or parts thereof; civil engineering.
Ashirva Infrabuilders India Private Limited's Annual General Meeting (AGM) was last held
on 30 September 2014 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet
was last filed on 31 March 2014. Directors of Ashirva Infrabuilders India Private Limited are
Srinivasarao Koya and Harinath Yendamuri.
Ashirva Infrabuilders India Private Limited's Corporate Identification Number is (CIN)
U45202KA2011PTC060225
and
its
registration
number
is
60225.Its
Email
address
is
[email protected] and its registered address is 5th Floor,No. 1342, Dr. Shivarama Karanth
Nagar MCEHS Layout, Srirampura, Jakkur P.O BANGALORE KA 560016 IN . Current status of
Ashirva Infrabuilders India Private Limited is - Active.
Natshowr Estates Private Limited is a Private incorporated on 13 August 2014. It is
classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Its authorized
share capital is Rs. 500,000 and its paid up capital is Rs. 200,000.It is inolved in Building of complete
constructions or parts thereof; civil engineering
Natshowr Estates Private Limited's Annual General Meeting (AGM) was last held on N/A and
as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on N/A.
Directors of Natshowr Estates Private Limited are Vidavalapatti Muniswamynaidu Krishnamurt and
Bhanuprabha Ramakrishna Thangal.
Natshowr
Estates
U45202KA2014PTC075819
Private
and its
Limited's
Corporate
registration number
Identification
is
75819.Its
Number
Email
is
(CIN)
address is
[email protected] and its registered address is No.44/1, Block-1, G D, Behind R M Nagar Police
Station, T C Palya Main Road, Rammurthynagar Bangalore Bangalore KA 560043 IN. Current status
of Natshowr Estates Private Limited is - Active.
G K Incon Private Limited is a Private incorporated on 29 November 2011. It is classified as Nongovt company and is registered at Registrar of Companies, Bangalore. Its authorized share capital is
Rs. 200,000 and its paid up capital is Rs. 200,000.It is inolved in Building of complete constructions
or parts thereof; civil engineering
G K Incon Private Limited's Annual General Meeting (AGM) was last held on N/A and as per
records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on N/A. Directors
of G K Incon Private Limited are Geetha Rama Reddy, Dawood Khan and .
3.0 Company Background
Since the companys inception around 8 years ago we have garnered a wealth of experience
and expertise by executing various projects from independent houses to large apartment complexes,
Churches to Commercial Buildings and many other types.
In all we have done over 50 projects ranging from a few lakhs to in excess of 100 crores.
In the process we have learnt that money and prestige does matter but above all it is the customers
best interests that comes first.
Carbon the chemical element is one of the most common elements found in the world. It
exists in various forms from the humble coal to highest, brightest Diamond. We at Carbon
construction try to personify and embody the earthiness of carbon in our attitude and behavior and
also assume the diamond like qualities when executing projects and delivering on our promises to
clients.
We have two arms of the company Carbon Developers & Carbon Constructions. Carbon
Developers identifies sites and develops them conforming to all statutory rules & regulations. Carbon
Constructions then moves in and executes the planned structure to perfection adhering to strict
building norms.
Led by a dynamic team of qualified professionals, Carbon Developers is committed to
building customized projects that include commercial complexes, institutional landmarks, apartment
housing structures and of course independent villas, with decades of construction and development
experience to our credit. Our team has a keen eye for detail, where each project is thoroughly
monitored from the foundation to the finish by a high standard of delightful detailing.
The face value of all our projects is Quality. Every unit goes through a stringent quality
control procedure and is individually treated with care. All the fittings, tiles and paints are handpicked
after diligent scrutiny for their performance, durability, aesthetics and value.We offer our professional
services in giving each customer a smooth and rewarding experience of building / buying and owning
a property of real-value in Bangalore. We deliver on our promise every single time.
Why Choose Carbon Constructions?
For over two decades, CARBON COSTRUTIONS has been making in-roads into the
competitive realty market successfully. It has become synonymous with high standards of quality,
commitment, integrity, timely execution, technology up-gradation and value addition for each of its
projects.
Carbon Construction is committed to providing excellent customized projects which includes
commercial, corporate, institutional, apartments and independent villas. It is a modern & effective
organization and also totally integrated in-terms of construction and interior designs.
We are a professional Team, before our machines make their mark on the job site it takes our
Professional team to mark their presence which helps to make it happen
Carbon Developers Pvt. Ltd.
The Team: The leadership of the company comprises of Mr. Paul George with a Masters in
Civil Engineering and having over 18 years of experience in the construction field. He currently
executing over 500,000 sq. ft. of work over various projects in Bangalore. The other member of the
board is Mrs. Rincy Rachel Thomas, M. Sc. Who takes care of the administration.
Carbon Constructions India Pvt. Ltd.
The Team: The combined work experience of the 3 board member in the real estate
and construction exceeds 70 years. The board comprises of: Mr. Paul E George: He is the Chairman of
the company. He is a Masters in Civil Engineering. He completed his B.E in M.S.R.I.T (1995 batch)
and Masters in B.M.S (1997 batch) in Construction Technology. He has diverse experience with Real
Estate Sector for a total of 18 years. He is an Entrepreneur and gathered experience in the real Estate
sector for the last 20 years by execution of Projects directly in the following
companies: E.J George & Sons: 1995 2002 Constructed swimming pools for National Games,
etc.
Team 3 Engineers: 2002 2007 Constructed Religious buildings (Churches), Residential
Buildings, Commercial Buildings, Interior works done for Corporates like, EMC Data Storage
Systems (India) Pvt. Ltd, Ingersoll Rand International India Ltd, McCann Erickson (India) Pvt. Ltd
and lot of other companies.Carbon Developers Pvt. Ltd: 2007 Till date Constructed many
Apartments and Interior works done for Corporate and MNC Companies. Currently executing over
half Million Sq. ft. of work at various projects in Bangalore. Mr.Basant Kumar Bhatnagar: He is the
Managing Director of the company. He is a Civil Engineering Graduate from Visveswariah College of
Engineering, Bangalore University (1979 Batch) He has diverse experience with Big Corporates in
the EPC Construction Sector and Real Estate Sector for a total of 35 years.
He worked for Gammon India Limited for 14 years where he gathered experience in:
1) All activities like Caisson Launching using Floating Gantry, Well Sinking of deep wells, plugging
with Colcrete / Tremie Concrete, Handling Logistics of huge fleet of Water Vessels/Barges/boats and
Tugs associated with Bridge Construction in Major Rivers like Brahmaputra.
2) Nuances of Construction by Slipform Technology using Interform Technology at DernaBaida Grain
Silos at Libya. 9 such buildings including 6 Silo Batteries, 2 elevator Towers and 1 Dispatch building
were slipformed to a height of about 40m. These projects were successfully executed for Libyan
Government with German principals and Bulgarian Consultants using State of the Art
Equipments/Technology.
3) Post Tensioned T Beam Girders in-situ/construction at various bridges and in many other locations,
pre cast post tensioned casting and launching of Long T Beam Girders using Twin Gantry Launching
system moving on Rails.
4) Temperature Controlled Concrete in Thick Raft Foundations and Construction Of Dam Body.
Instrumental for establishing mix designs/Trial Mixes for Pumping Concrete with Zone 4 sand due to
unavailability of Zone 2 sand in Libya.
5) Construction of Huge/long horizontal Silos at NhavaSheva Port Trust with 100% Pre-cast
Construction including the Foundation in a state of the Art Pre Casting Yard with Steam Curing
arrangements.
On the Real Estate front, he has put in about 15 years in the middle and senior managements
of corporates like K Raheja of Mumbai, Mahindra Life Space and Tata Housing Development. Co
designated as a Chief Engineer, General Manager and Associate Vice President Respectively.
Here, he gained experience in the areas of:
1) Feasibility studies of Projects
2) Land Procurement
3) Conceptual and Detailed Planning of Projects through renowned Architects and
Consultants
4) Liaising with Govt. Bodies for Various Approvals
5) Execution of Projects directly and through reputed Contractors
For the last 6 years of his Corporate Career (2008-2014), he worked in the Senior
Management of GMR Infrastructure Limited as their Vice President stationed at
Bangalore and responsible for Planning and execution of Various components of Delhi
Airport, Kamalanga Thermal Power Project, Rajam Hospital with a special mention of
Indias Largest Multi-Level Car Park (Approx. 13 Lacs sq. ft.) with a capacity to
accommodate 5300 Cars completed in about an years time using Table Forms and PT
technology adjacent to T3 Terminal of Delhi Airport
10
OUR VISION:
To be a leading developer company committed to quality, safety, timely completion and customer
satisfaction.
OUR MISSION:
To add value to all our stake holders and develop long lasting relationships by creating win-win
situation. To adopt the latest technologies in the field of engineering, construction of residential
projects.To be one of the most successful real estate firms in the country and to be one of the most
preferred builders in the country.
QUALITY OBJECTIVES:
To achieve enhanced customer satisfaction through delivery of durable structures within the
committed time.
To provide continuous training to all our staff and workers to improve their skills and thereby
achieve quality in all their deliverables.
11
SAFETY CULTURE:
We are strongly committed to employee well-being. We strive to make our workplaces accident-free
by providing adequate safety measures/equipments and education to our staff and workmen.
ONGOING PROJECTS:
1. CORNERSTONE:
The fastest emerging zone, Bangalore North continues to preserve its tranquil and picturesque treelined environs, primarily due to the many institutions convents that lie in the vicinity.
12
2. NETHANIAH:
Carbon Developers offers Nethaniah, ideally located near Wipro Head Office on Sarjapur Road.
Now travel to and from your place of work, either Electronic City or the CBD of M.G.Road in a short
time. Gift your loved ones a beautiful and peaceful style of living .
3. PARK LANE VILLAS:
Hosting 15 units in 3 Acres land individually unique, garden city where every Villa faces the Garden.
It is simply the quintessential dwelling where leisue and luxury eternally exist. Through classic
elegance and vibrant design, Park Lane Villa is the place where Timeless Living Comes Full Circle.
13
4.0 INTERNSHIP DETAILS
4.1 NATURE OF WORK DONE:
The work I had done at the time of my internship at Carbon construction India Pvt ltd was
Finance (accounts) as Assistant Accountant. During first week of internship we were under
training and supervision of Mr. Albin Johny, The Head of Accounts Department. We were
introduced to the company staffs and described about the roles and routine works that are
carried out on a daily basis in the company. After getting familiarized with the functionality I
was assigned to work in the Accounts department of Carbon Construction as Assistant
Accountant. As a part of my work, I had to first know about the clients, debtors, creditors and
financial elements related with the company. There are mainly three types of clients:
1. Individuals Customers
2. Commercial Customers
3. Miscellaneous Customers
Individual customers are those who come for making their own villas, mansions, houses etc.
14
Commercial customers are group of customers which represents another companies who
comes in to make commercial buildings (Malls), Shopping complexes, office buildings,
Projects (flats) , Arcades, church, mosque, temples etc.
Miscellaneous customers are the ones who coms for making alteration, modification, interior
designing etc.
I had performed different tasks during my tenure of internship. A few of the major tasks
performed during the period of my internship are:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Learned basics about Karnataka Sales Tax and TDS under contractual work theoretically.
Entering purchase invoice in to tally erp 9 and calculated TDS for the same.
Recorded project site petty cash book items into tally
Prepared bank reconciliation statement for previous months and for the month of April also.
Recorded project site materials into Microsoft excel sheet.
Went to project site with purchase manager.
Updated purchases order into excel sheet according its date and vendor.
Prepared RTGS, cheque printing.
Helped purchase manager for dealing vendors/suppliers
Filed documents like purchase order, bank statements, material list etc.
4.2 AVERGE DAY:
The working time of Carbon construction for me from 9.00 am to 6.30 pm. I had to work for
8.30 hours each day. Sunday was weekly off. The average work done at a day includes:
1. Verification of vouchers and bank statements.
2. Entering purchase order into excel sheet.
3. Recording project site petty cash book items in to excel sheet.
4.3 AVERAGE WEEEK:
In a week, I was able to complete the verification of the bank payment details and journal
vouchers. I had to complete the filling of data in the excel sheet. I also had done purchse
orders and recorded previous purchase orders into excel tracking sheet and also prepared
employees attendance details for purpose of weekly payment. I helped the accounts manager
in the preparation of the details of the various expenses in the excel sheet for the purpose of
Income Tax scrutiny. Interacted with the employees, sorting and arrangement of certain files,
sorting of vouchers,jounal entry in tally, preparation of income and expenditure statement of
the company etc.
15
4.4 LEARNING SUMMARISATION:
1. Familiarizing of new software named tally erp9
2. An Overall Learning Experience.
3. Interaction with customers improved my communication skill.
4. Adapting organizational culture.
5. Handling multiple handling.
6. Knowledge enhancement.
7. Improved confidence.
8. Gained lot of valuable information from my co-workers
Bibliography
www.carbondevelopers.com
www.companywiki.in
Jobs.cari.in
16
