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Outstanding Liabilities
19
Weekly Meeting
Introduction
About
OSL,Provisions
&
Contingent Liabilities
OBJECTIVE OF THE PROJECT
Title
Finding IT Solution Compatible with SAP to manage OSL, Provisions & Contingent Laibilities
Types of transactions
under OSL
Under Inventory
Goods in transit(GRN not done)
service in transit(SRN not done)
Under Consumption
Servics-
1.where SRN is not made
2. SO not released
3. SRN made but pending to release
Others-Power,gases and water
TMC-work done basis
some cases where conditions not attached to PO viz.. BCD,CHA,railway freight, loading/unloading, survey cost etc.
Types
Project
Intro
TOTAL MANAGEMENT CONTRACT (TMC)
A. Refractories (RED)
Stores & Spares Consumption - 5501010070, 80, 90
B.NON-RED(WTP, LUBES, PROBES, DART etc.)
RED
AS IS Process under Refractories (RED)
Stores & Spares Consumption
1 RED department provide PO wise data of production qty, rate, actual consumption (move order) of refractory and services received at each plant in excel sheet showing monthly and YTD TMC cost.
2.FA Coordinator updates the sheet with PO wise SRN/GRN booked in SAP & calculate balancing figure as net OSL which may be either Debit or Credit.
3. Previous month actual OSL calculated as above sent to GBS R2R for posting in SAP by -C5 of closing date.
FA- Responsibility
Chandramani Sir/Shaileja Maam
Sub Process Departments-Iron Zone -
Corex - 1 & 2
BF 1 to 4
Steel Zone -
SMS-1 to 3
Contact No & Mail ID-Refractories Eengg. Dept.
Name -
HOD : sundaresan.subbaraman@jsw.in
User : anusuya.saha@jsw.in, raju.red@jsw.in
Remarks
Remarks on RED Process
1. Production qty and move orders may vary significantly in current month compared to previous month. Suitable adjustment factors to be applied for variation in production and move orders.
2. Excel sheet are used for large no data relating to PO terms, actual production, actual consumption of refractories and services at each plant. To save time and to eliminate manual error, we may use some IT tool and may be cross checked by other person.
Non
RED
B. NON-RED(WTP, LUBES, PROBES, DART etc.)
AS IS under Non-RED
FA Coordinator collect details of bills not submitted against
each NON RED TMC PO. OSL details are finalised after verifying the last SRN booked in SAP/ARIBA.
FA- Responsibility-Shaileja Madam
Repair & Maintenance Expenses
Contractor's liability
a O/s Manpower, Production incentive and Annual Bonus
b O&M Contracts - Plant & MAchinery
c O&M Contracts - Building & Township
d Hiring Charges, Shifting of Material (Slag etc.)
e O&M Contracts - Power Plant
As IS
AS-IS
1. GBS collects OSL details from all respective planning cell on excel sheet before month end. Standard Excel Format with PO Nos. are shared with all plants through mail.
2. GBS R2R team cross checks OSL details with last SRN booked details and also with Open PO list.
"3. Any missing information / details are collected from concerned user dept. Final OSL sheet uploaded to SAP.
4. Month to month expenses comparison are also conducted by plant F&A and review Expense GL code to ensure completeness of OSL
5. Details for Production and incentive and annual bonus accrued are collected from............................"
PO based contract for power plant O&M given to JSW Energy ,based on last SRN posted in SAP, OSL provided for the remaining period.
Carriage and Freight
Carriage and Freight
A.Road & Rail freight(outward)
B.OCEAN FREIGHT
C.FG Handling & Stockyard expenses -5501230000
AS-IS
For -Road & Rail freight(outward)
1. All dispatches by road are entered in a software maintained by logistic dept. and transport bills are accounted through this software only. At the month end OSL list generated from software for which bills are not accounted. Based on the OSL List , entry posted by Logistic dept.
2.GBS team on the basis of data provided by logistic team create OSL
AS-IS
AS-IS under
FG handling
FG Handling
1.GBS collect data with respective department including nature of contract, Cost center & G/L, Work order details etc
2.High value items check with work order whether SRN booked or not.
3.OSL is created for cases where SRN not booked or Invoice not received
EMD
Energy Management Dept (EMD) - Power & Fuel
A.Gases- 5101013100
B.Power - MANUAL CONSUMPTION OF POWER -5501020060
A.Gases- 5101013100
FA- Responsibility-Chandramani Gupta
Contact No & Mail ID-Kapil Agarwal-Energy Dept Mgmt
B.Power - MANUAL CONSUMPTION OF POWER -5501020060
FA- Responsibility-Chandramani Gupta
Contact No & Mail ID-Gangadhar Akulla-JSW Energy Ltd/Jsw Project
Pritam Gaurav-JSW Power Trading Ltd
Sachin Sekhede-GESCOM,HESCOM ( Pump House)