Description
Padmashali is a Telugu-speaking Hindu artisan caste predominantly residing in the Indian states of Andhra Pradesh, Karnataka and Tamil Nadu. The caste, traditionally occupied in weaving, is of Brahminical origin
A SUMMER PROJECT REPORT ON
PADMAVATI ENGINEERS(INDIA)
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CONTENT
NO.
1. 2. 3. 4. 5. 6. Introduction Brief History Industrial profile Organization Chart Location of the unit
TOPIC
Page No. 09 10 11 16 17 21 34 48 52 65 69 72 73 74 78 80
Various Department ? Production Department ? Personnel Department ? Sales Administration Department ? Finance Department ? Research & Development Department SWOT – Analysis Future Plans Suggestion Finding & Conclusion Appendix Bibliography
7. 8. 9. 10. 11. 12.
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PADMAVATI ENGINEERS(INDIA) INTRODCTION
Padmavati Engineer (India)is located at Ratanpar, Surendranagar-Rajkot highway, Dis. Surendranagar, Gujarat (India). The company 125 Kms far away from Ahemdabad Airport, 105 km from Rajkot airport. The local condition resulting from rain-starved terrain. But these people are gifted with high skills and artisanship for ingeniously design mechanism and equipment to produce high precision components at a low cost. The company manufacturing Door Closer (Both floor and Door Closer ),Automobile Parts & Cylinder head. Padmavati Engineers (India) has well infrastructure. The basic facility also available to company likes Transportation, Banking, Insurance, Telephone service, Electricity. Padmavati engineers (India) Was Established in the year of 1994-95 by Mr. Chetan C. Shah. Company has been started job work of GODREJ, VIDEOCON industries. Padmavati Engineers(India) has well Equipped Design and Development facility and a well Organization grinding and super finishing machine. Company having 1 Automated machine, 7 C.N.C machine, 10 Lath machine, 10 Drilling machine
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History & Development
The company’s history dates back towards December1994, when Mr. Chetan C.Shahstarted the company. In 1994-95 company was started with only 50 lacks amount and few machinery. He managed many things before starting the company, like: 1. To select the perfect Plant Location 2. Planning of building, capital arrangement and
equipments etc. 3. Preparation of capital or financial planning/arrangement. But now a day company have 7 CNC machine,10 lath machine, 10driling machine,1 automated machine, die cast machine and 9 other machine. Chatnbhai was studied at Bombay. He completed L.E.E (License Electrical Engineer, Bombay ). company manufacturing through job work of Godrej, Videocon companies. Padmavati Engineers (India) was first manufactured Die cast, Hal draft, Part of door closer, but after some time company was manufactured whole door closer and automobile parts. Padmavati Engineers(India) was a new project. Here for starting the company, Mr. Chetan Shah had faced so many
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struggles related with planning, detailed engineering and construction management.
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Name: Address:
PADMAVATI ENGINEERS(INDIA) 2km. stone, Rajkot Road Ratanpar, Surendranagar-363020 Gujarat (India)
Promoter: Directors:
Mr. Chetan Shah Mr. Chetan Shah Mr. Preeti Shah
Establishment Year: Formal Organization: Account Year: Office Staff: Labour Staff: Weakly Off:
1995 Partnership March/April 8 40 Wednesday
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Bankers: Scale Of Unit: Product Prepared:
AXIS Bank, S.B.S Madium Scale Automobile Parts,Door Closer& Cylinder Head
Tax Information:
8.24% Excise Duty 12.50% VAT 2% Education Tax 1% Higher Education Tax
Phone No.: Fax: E-mail: Partners:
02752-325442 02752-248976 [email protected] Chetan Shah Preeti Shah
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OVERVIEW
Padmavati Engineers(India) is located at Ratanpar
most developed industrial area Ratanpar(Surendranagar). It is covering about 3500 sq. foot area which include production unit as well as the administration unit. ` The value of land, building and machineries of the
company would be around Rs. 6.5 Cr. Padmavati Engineers(India) is a leading quality
manufacturer in India of Automobile parts , Door closer & Cylinder. All type of Automobile parts , Door closer & Cylinder Head manufacturing by this company.
PRODUCTS :
The Company is Manufacture its Door Closer under the brand name Godrej,Videocon & Metco. Another Product Cylinder Head is manufacture under the brand name of Videocon.
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ORGANISATIONAL STRUCTURE
Senior Partner
Managing Director
Managing Director
Administration Department
Finance Department
Production Department
R&D Department
Administration Manager
Finance Manager
Production Manager
R&D Manager
Accountant
H.O.D of Door Closer
Computer Assistant
Supervisor
Clerk
Workers
Auditor
H.O.D of Automobile
Supervisor
Workers
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LOCATION OF THE UNIT
Every entrepreneur of a business unit must give full consideration to the suitable location of his enterprise. Optimum location point is expected to give the lowest unit cost of production as well as distribution and hence it can be most profitable for the business. An entrepreneur must choose an ideal location at the time of launching the enterprise. Location factors are crucial for profit maximization in deciding about the location of a concern; the selected site or position must minimize the cost of distribution. If the site for locating a business is unfavorable, the concern cannot be managed economically and profitability even though the entrepreneur has the necessary capital and capacity or managerial skill. Location of company is depends on many thing company should choose location in such a way that company can get
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benefit of the location like nearest to market, nearest to raw material, availability of cheap and skilled labor, availability of power, fuel and water or where Government provides subsidies to the company for there. Padmavati Engineers(India) is a medium scale
company, which is located at Ratanpar(Surendranagar). It is Industrial area that is GIDC. Government provides tax subsidies, power and water etc. facilities especially for industries in that particular area.
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TIME KEEPING SYSTEM
Each unit has its own time keeping section. Every company must have the regularity of its employees in time keeping system the arrival and department of employee keeps record of it. At present around 48employees are working in the company. In which 40 employees are in production
department and 8 employees are in administration / office department and left of them are helper of the department. Time keeping system play most important role in organization it gives the whether he is regular or giving promotion or in motivation for its overtime etc. The company maintains one register for the purpose of keeping record of its employees’ presence, working hours and overtime, leave etc.
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The company keeps one weekly-off as per government rules and regulations. Padmavati Engineers(India) has very good and comfortable, given below: systematic time keeping system as
For office employees : 8:30 AM TO 1:00 PM
1:00 PM TO 1:30 PM (Recess) 1:30 PM TO 7:00 PM
For workers : 8:30 AM TO 1:00 PM 1:30 PM 1:00 PM
TO 1:30 PM (Recess) TO 7:00 PM
On Wednesday they are having a holiday what generally having in all industries.
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Production is the basic activity of all industrial units. Another activity revalue around this activity. The end product of the production activity is the creation of goods and services for the satisfaction of human wants. The production activity is nothing but the step-by-step conversion of one form of materials into another either chemically or mechanically.
Production is considered as a heart of any company. Production involves the step-by-step conversion of one form of materials into another through chemical or mechanical processing to create or enhance the utility of the products. “Production is the process by which goods and services are created.”
INPUT
PRODUCTION FUNCTION
OUTPUT
MATERIAL LABOUR CAPITAL ENERGY INFORMATION RESOURCES
PRODUCTS SERVICES INFORMATION PRODUCT OR SERVICES
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TECHNOLOGY
Padmavati Engineers(India) employs the best
techniques & competent manpower at all the stages of the process. Substantial resources & energy go into quality control & quality assurance. The company has all the necessary equipments & facilities to support the policy regarding quality. Every aspect right from quality of inputs, throughout the processing up to the delivery of products undergoes strict & compulsory inspection & control. The company has adopted fastest, latest & the best technology for all its processes. This includes the Cast Cleaning machine winding machine, automatic packaging machine, spray color machine, product testing machine. All the machines are with Japanese Collaboration, which is the best in the industry. The result of the good technology used by the company can be derived from the fact that the company has: Achieved amongst the best capacity utilization in the industry.
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PRODUCTION UNIT
Padmavati
Engineers(India) started
manufactured they
Aldrop die cast, Haldraft, Door closer parts then now
manufacturing Door closer, Automobile parts & Cylinder Head. Within a short span of time, it has successfully established itself as a trusted name among various customers, in India, for its best quality, timely delivery, competent prices & most important of all customer orientation, committed dealings & customer satisfaction. The company uses ore of iron and aluminum in raw material. Moreover there are also added some other material like zinc, copper . The company use the best raw material for the
manufacturing automobile parts, door closers & cylinder head. Company manufacturing two types of automobile parts first is TIE RODE& second is STABILIZER LINK so company used the good raw material for customer satisfaction and customer needs.
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PRODUCTION PROCESS OF DOOR CLOSER
Padmavati Engineers(India) get raw material from Dev Metal- salves, Bright industries- Baroda, and iron from Rajkot. Company get raw material and send finish good through Bhavna transportation and Om transportation. Padmavati Engineers(India)manufacturing two types of Door closer, Cylinder head,55 item of tie road, die caste parts, 35 item of link. DOOR CLOSER: Manufacturing door closer, company have require some parts and then assemble all the parts become door closer. All the pare manufacture in company. Some part manufacturing in CNC machine and some part manufacturing in LATH machine. Below are given some part of Door closer.
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1 10 Screw Body 2 Rack
9 Patti
3 Pinion
DOOR CLOSER
8 ¼ Ball 5 7 Oil ring 6 Upper cape 4 Spring
Side cape
Production process
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1. Body:
Raw material (Aluminum) Dissolve in Furnace Prepare Die Finishing Silver Paint
2. Rack
31.75 dig.)
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Raw material (Iron) Cutting (Lathe) Hole Flat Cutting Drilling Milling Teeth cutting Flat Cutting Grinding
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3.Pinion :
Raw material (Iron) (30,32,36,38 mm) Cutting (20.3) Chamfering Finishing
4. Spring:
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4. Side Cape :
6. Upper Cape :
7. Oil Ring :
10. Screw :
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PRODUCTION PROCESS OF AUTOMOBILE PARTS
Cutting (Lathe) Connecting Road Chamfering Welding Assembly Checking
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Packing
PRODUCTION PROCESS OF CYLINDER HEAD
Raw material (Aluminum) Dissolve in Furnace Prepare Die
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Finishing Silver Paint PHOTO OF PRODUCT MANUFACTURING BY THE
PADMAVATI ENGINEERS(INDIA) :
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INTRODUCTION
Human Research department is a link between the top management and the workers or we can say that its acts like bridge between the employees and the employers. It is basically concerned with human relationship within the organization and helps in maintaining smooth relationship between employee and employer. It is art of getting things done by other people. Manpower is the most important resource among all the resources. Factors such as funs, machineries, technological advancement etc. those are required in order to run organization, nothing will work if an organization doesn’t have sufficient manpower and suitable managerial persons and practices. Human resource is the greatest asset of any business enterprise. The workers are the heart of the organization. It is the manpower that operates the machines, processes the raw materials into a finished product and makes it possible to sale in the market. Henceforth we can say that personal management is the most essential department of an organization in order to have a proper manpower planning, organizing, staffing, directing and controlling in order to achieve individual, social and organizational goals. Padmavati Engineers(India) believes that in less manpower but providing best facilities in case of quality, services etc. so, there are only three persons in HR department in Padmavati Engineers(India).
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HR Planning
HR planning is the most vital part of HR department as because HR manager create a policy related to HR planning. Basically HR planning is a one kind of man power planning process. In this process HR manager envisages the future man power requirement in firm. HR planning is required because to demolish
contingency. HR planning is basically created to chase the future man power requirement and production will not discontinue if any kind of problem occurs in firm. In Padmavati Engineers(India) HR planning is also
done by HR manager to wrestle with future man power requirement. HR planning is directly alliance with future activity. In Padmavati Engineers(India) HR manager also create one kind of strategy to wrestle with future activity and any kind of interrupting will not taken place while production hence HR planning will taken place in organization. HR planning is also required for the intention of discontinue will not occur in organizational activity. So, to wrestle with undesirable thing HR planning is a powerful tool.
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Method of Manpower Search
Manpower search is also indispensable in company. Company is doing plenty of activity regarding manpower searching they are also doing internal as well as external manpower search. Method of manpower search
Direct Method
In direct method skilled and semi skilled employees are recruited from vocational school and industrial training. In direct method employees are selected on the basis of their pragmatic relationship with firm. In Padmavati Engineers (India) this method will also taken place because they are also hiring employee from B-school.
Indirect Method
Advertisement No. is given in newspaper, identifying Journals, the firm. Radio and television are used to publicize vacancies in which only Box without Padmavati Engineers(India) do not use indirect method of manpower search.
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RECRUITMENT AND SELECTION:
RECRUITMENT:
“Recruitment is process to discover the sources of manpower to meet the requirement the sources of manpower to meet the requirement of the staffing schedule and to employ effective measures for attracting that manpower in adequate numbers to facilitate effective selection of employees and efficient working force.” The recruiting procedure of Padmavati Engineers(India) consists of three segments: 1. 2. 3. Recruitment of workers. Recruitment of executive and managerial staff. Recruitment of technical persons.
SELECTION:
The selection procedure is concerned with securing relevant information about an application. Padmavati Engineers(India) recruitment and selection procedure for blue collar force as per the labor laws for the recruitment of labor is the company. It is essential that he should acquire the certificate of ITI examination. Padmavati Engineers(India)recruits knowledgeable and experience persons.
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Actually, parts technology is so wide so, Padmavati Engineers(India)provides training to new employees. Workers are selectedWith reference to the method, Padmavati Engineers(India) used the direct method more frequently for the recruitment of its employees. Sometimes, Padmavati Engineers(India) also uses the Third Party Method at the time of selection of high level person like general manager, head of various department etc.
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Induction
Induction is a process familiarizing. Unless employee in not become familiarize with firm hence induction is requirement. If company is massive then induction process is needed. Induction gives sketch of company to novice employee. Induction also gives idea regarding Routine work, Rules & regulation of company, Terms & condition of company Idea abut company existence, familiarizing with different department, familiarizing with hierarchy, Idea about Plant & location. In Padmavati Engineers(India) induction process is still exist because company is massive. If employee is not aware about company history, present and future he or she will not become good employee in any firm. In Padmavati Engineers(India) when employee is novice at that time company provide induction to newly recruit employee. In induction Padmavati Engineers(India) provide basic about company, familiarizing with different department, familiarizing with hierarchy, Idea about Plant & location, familiarizing with mission and vision of company, Plant visit etc. are the part of Padmavati Engineers(India) induction.
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If induction is not providing to newly recruit employee it will become dazed for employee because employee is not only novice but also callow then induction is the only one way to demolish future problem. If induction is not providing properly then it’ll create a massive problem for not only employee but also company. So, from above statement we can make out that the how induction plays a key role in life of employee. Induction is uniqueness of company if employee astonish then he’ll or she’ll give the good result to company. While doing job induction is a base in employee’s life.
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Training & Development
Training and development will enhance the quality of employee. In today’s era companies are providing training and development to their employee for better output. If any new thing or new technology will occur so at that time employee training & development will necessary for employee. Padmavati Engineers(India) also provide training and In
development to their employee. Padmavati Engineers(India) offer training to novice employee before joining the firm. this training Padmavati Engineers(India) provide 5 or 9 days to novice employee in administration job but in technical job they are providing 1 month or 25 days training to their employee. Training and development is also one of the part of employee welfare and in today’s era it’s become a hot potato in global environment because now to survive in the global competition is not a doodle its very tuff. To survive in the global field company are spending plenty of bucks behind T & D.
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Different type of training
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1 On the job training
6 Safety training
2 Classrom training
Types of Training
5 Induction training 3 Refresher training
4 Promotion training
Different type development
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1. Job instruction 6. Group Training 2. Coaching
Development
5. Conference 4. Seminar
3. Lectures
Salary & Wages Administration
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Salary and wages administration is also one of the activities of HR department. In any company employees are working for their bread and butter otherwise they are not able to work in the firm so, wages and salary make satisfy to employee in terms of bucks. In Padmavati Engineers(India) wages and salary distribution is excellent and employees are also satisfied with their salary and wages. During festival Padmavati Engineers(India) also provide bonus and incentives to their employees which indirectly give boost to company in terms of production. Padmavati Engineers(India) provide salary on the basis of hierarchy hence dispute and grievances will not occur in the Padmavati Engineers(India). So, in Padmavati Engineers(India) wages and salary
administration is satisfying the demand of employee and labor. If salary and wages administration is not in proper manner then it’ll create trade union which is not good for any company. Padmavati Engineers(India) provide salary to their employee via of every month which flaunts the accuracy of Padmavati Engineers(India).
Employee Welfare
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Employee welfare gives pep talk to employee. Employee welfare is the essential part of any company success or fiasco. Employee welfare enhances the involvement of employee in company. Not only in India context but also in global context this issue is become very hot. If company is not put emphasis on this issue it will prevent the company is growth because company’s real asset are their employees and employees is not satisfy with company’s term and condition it’s bad sign for any company. Padmavati Engineers(India)also take care of this issue because they know if employees are not satisfied with our term and condition we are not able to reach at our goal. If king has to win the battle he has to take care of his army if he’s become fiasco in this matter he’s not able subjugate the battle.Padmavati Engineers(India)term and condition is also very liberal. They are also providing plenty of facility to their employee in many different ways. Padmavati Engineers(India)also provide Bonus and Incentive to their employee during festival Padmavati Engineers(India)provide Canteen facility,Bonus and incentives, Fund, Orchard, Insurance etc to their employee. Hence HRM department of Padmavati Engineers(India)also take care of this issue so any kind of dilemma will not occur in future.
Dispute & Grievances
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The work of HR department is very crucial in any firm as because HR department has a potential to handle anything related to employee and they are also providing training and development to employee and they are also figure out the dispute and grievances if it happen to employee. In Padmavati Engineers(India)if dispute and grievances are arise then the HR manager figure out in such way that it’s not arise in future and dilemma will not taken place in firm at all. Dispute and grievances is very complicated thing in the firm as because if it’s arising then to figure out is very hard thing for anybody. So, we can understand that what’s the genuine significant of HR department in any firm. In any firm hardest thing is that how to control employee in such manner that he or she will not feel bad regarding HR department verdict and if he or she will feel that HR department gave bias decision then it’ll create massive dilemma in company. “Employee is company’s asset and if manager doesn’t take care of that then they’ll be blot”
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INTRODUCTION
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Marketing is a one kind of activity of promoting the product in such a way that consumer will aware about it. If product having phenomenal feature but the marketing of product is nadir so product can’t run in the global market. In the global era marketing is the most dominant sector and without proper marketing product can’t go ahead in the global era so, marketing give one kind of boosting to the product. If product having mediocre response from the market but if company do marketing of that product it’ll give the phenomenal result to company. “Marketing is an interfacial activity to selling the product in the market.” -Philip Kotler Padmavati Engineers (India) has no any marketing department because company did job work.
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QUALITY CIRCLE
The Company has obtained BIS Certificate for ISI marks and through continuous process of improvement of the quality system at par the international standards have also acquired ISO 9001:2008 certificate. The need by supplying them the quality product as per international standards for their total satisfaction every product undergoes for strict quality control checking before it packed.
PACKING AND PACKAGING
Packing may be defined as the general group of activities in product planning which involve designing and producing the container or wrapper for a product. -William I. Stanton This is again a vital stage before the product actually reaches to the hands of the end users we have thoughtfully developed packaging parameter not only provides for safe shipments but also adds to the importance of individual parts
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TIMELY DELIVERY
This Company is fully commited to deliver the products in specified time and to extend effective service beside maintaining the quality levels. In pursuit of excellence, the company will adopt practices that support conservation and sustenance of energy environment and natural resources.
ADMIRABLE NETWORK
The company has its network all over India the never ending search for perfection and total customer satisfication is our moto and achieve that the continual improvement of technology it emphasis on company policy to manufacture world class quality products.
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INTRODUCTION
Undoubtedly, money occupies a key position in the capitalistic economy of the most modern age. One of the most important functions of the top management is to raise finance at a right quantity and also to use it most effectively. In fact, this faction constitutes the core of financial management. Money is the life-blood of modern business. “Money is pivot around which all economic activities run”. Money is required to purchase expensive machinery and also for day-today expenses of raw material, labor and operational and administrative needs of business. Execution of expansion plans and modernization programs are not possible without adequate finance. Thus, money can be described as the lifeblood of industry. Meaning of Finance Management: “Finance Management is concerned mainly with such matters as how a business corporation raises its finance and how it makes use of it.” - HOAGLAND
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SOURCES OF FINANCE
Sources of finance are also play an important role. There are many financial sources available for the company. Company has to decide that by which Way Company gets finance easily. Company gets finance by the external and internal sources as well as long term or short term sources. It depends upon company that which way company select. Company has to think that in which way company get money at minimum rate.
? Padmavati Engineers(India)takes finance from the UTI, & SBS when company requires money. And company also invests
its profit in the company.
WORKING CAPITAL MANAGEMENT
Company is made of long term capital, short term capital, working capital, etc. Working capital combines with current assets. Working capital is one type of current asset. Working capital is used in day to day activities .The importance of working capital mgt. is reflected in the fact that financial managers spend a great deal of time in managing current assets and current liabilities. Arranging short-term financing, negotiating favorable credit terms, controlling the movement of cash, administering accounts receivable, and monitoring the investment in inventories consume a great deal of time of financial managers.
Working capital = Current assets – Current liabilities
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The goal of working capital management is to manage the firm’s current assets and liabilities in such a way that a satisfactory level of working capital is maintained. There are two concepts of working capital 1. Gross working capital 2. Net working capital Gross working capital = owned working capital + borrowed working capital Net Working Capital = Current assets – Current Liability Padmavati Engineers (India) „s working capital is shown in below. 2007 : 2,27,83,210.64 – 86,69,973.86 = 1,41,13,236.78 2008: 2,81,34,521.88 – 1,34,14,886.32 = 1,47,19,635.54
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INVENTORY MANAGEMENT
Inventory plays a vital role. It is most important. So its management is also important. There are three types of inventories. 1) Raw Materials 2) Work In Progress 3) Finished Goods Raw material is an input in making the final products. Company has to arrange such system that company gets enough raw materials in regular time. Work in progress also known as stock in process. The good which is in intermediate stage of production is called work in progress. Finished good consist of final products that are ready to sale. Finished good is final product. ? Benefits of holding inventory: Organization inventories are maintained to widen the latitude in planning and scheduling successive operations. Raw material inventory enables a firm to decouple its purchasing and production activities to some extent. It provides flexibility in purchasing and production
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.The firm can wait for an opportune buying moment without affecting its production schedule.
CASH MANAGEMENT
Cash the most important to the daily operation. While the proportion of corporate assets held in the firm of cash is very small, often between 1 and 3%. But its efficient management is crucial to the solvency of the business because in a very important sense cash is the total point of fund flows in a business. In view of its importance, it is generally referred to as the “life blood of a business”. Why does a firm needs cash? There are three possible motives for holding cash: 1) Transaction motive 2) Precautionary motive 3) Speculative motive 1) Transaction Motive: Firm needs cash to their transaction needs. The collection of cash is not disbursement of cash. Hence, some cash balance is required as a buffer. 2) Precautionary Motive: There may be some uncertainty about the magnitude & timing of cash inflows from sale of goods & services issuance of securities. 3) Speculative Motive:
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Firms would like to tap profit making opportunities arising from fluctuation in commodity prices, security prices, interest rates and foreign exchanges rates. ? Padmavati Engineers(India) has do well cash management. Company takes enough cash balance on hand. So company can do day to day activities easily.
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LEVERAGE ANALYSIS
Leverage analysis plays a crucial role in the business. Leverage analysis helps company to know the performance of the company. If all the costs of a firm are variable in nature, profits will vary proportionally with sales. This means that an x per cent variation in sales will lead to an x per cent variation in profit. In the real world, however, several costs remain fixed, at least in the short run, with respect to output (sales). Some of them are operating costs and some of them are financial costs. Leverage is mainly two types: 1) Operating Leverage 2) Financial Leverage
1) Operating Leverage:
Operating leverage refers to the extent to which the firm has fixed operating costs. A firm with high operating leverage will have relatively high fixed costs in comparison with a firm with low operating leverage. Formula of operating leverage: Degree Of Operating Leverage : Contribution / EBIT Where ,EBIT = Earning before interest and tax. 2) Financial Leverage:
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Financial Leverage refers to the extent to which the firm has fixed financing costs arising from the use of debt capital. A firm with high financial leverage will have financing costs compared to a firm with low financial leverage. Now we see the formula of Financial Leverage: Degree Of Financial Leverage : EBIT / EBT
RATIO ANALYSIS
We have to calculate the ratio of the finance to know the financial strength of the company. That’s why I had taken different ratios to find out the Profitability, liquidity, and solvency. On the basis of that we can know the better so for that I am doing a comparative study of Financial Statement of year 2007 & 2008 of Padmavati Engineers(India). This can be as follows. Ratio analysis is a powerful tool of financial analysis. A Ratio is defined as “the indicate quotient of two mathematical expressions” and as “the relationship between two of more things.” In financial analysis, a ratio is used as benchmark for evaluating the financial position and performance of a firm. The absolute accounting figure reported in the financial statements does not provide a meaning full understanding of the performance and financial position of a firm. An accounting figure conveys meaning when it is related to some other relevant information. The relationship between two accounting figures, expressed mathematically, is known as a financial ratio. Ratios help to summaries large quantities of financial data and to make qualitative judgment about the firm’s financial performance. The point to note is that a ratio reflecting quantitative relationship helps to form a qualitative judgment.
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]
? Ratio Analysis:
To know the financial efficiency management I had taken a ratio analysis as a tool of research and for that I have classified the Ratios in a four different category which can be as follow: 1. Liquidity Ratio 2. Leverage Ratio 3. Activity Ratio 4. Profitability Ratio
Calculation of ratios :
1. Gross Profit Ratio = Gross Profit/ Sales *100 2007: 1,03,91,667 /4,71,72,298 *100 = 22 %
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2008: 1,39,20,475.56/6,89,36,348.85 * 100 = 20 % 2. Net Profit Ratio = Net profit/ Sales *100 2007: 12,65,697.72/4,71,72,298.00 *100 = 2.68 % 2008: 18,50,466.56/6,89,36,348.00 *100 = 2.68 % 3. Stock turnover Ratio = Cost of good sold/ Average stock Cost of good sold = Sales – Gross Profit 2007: 4,71,72,298.00 - 1,03,91,667.00 = 3,67,80,631.00 2008: 6,89,36,348.85 – 1,39,20,475.56 = 5,50,15,873.29
Average Stock: Opening Stock + Closing Stock / 2
2007: 27,56,006.00 + 36,68,903.41 / 2
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= 32,21,454.705 2008 : 36,68,903.00 + 29,24,829.64 / 2 = 32,96,866.32
Stock Turn over Ratio 2007 : 3,67,80,631 / 32,12,454.705 = 11 Time 2008: 5,50,15,873.29 / 32,96,866.32 = 16 Time
Current Ratio = Current Assets / Current liabilities 2007 : 2,27,83,210.64 / 86,69,973.86 = 2.62 :1 :4,829.64 / 1,34,14,886.32 = 2.18:1
Debit Ration = Debaters / Credite Sales * 365
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2007 : 1,61,73,762.48 / 4,71,72,298.00 = 125 Days
2008 : 2,21,91,579.66 / 6,89,36,348.85 *365 = 117 Days
Creditor Ratio = Credite / purchase * 365 2007 : 82,89,304.86 / 3,00,58,127.68 *365 = 100 Days 2008 : 1,30,84,741.62 / 4,64,48,051.47 *365 = 203 Days
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INTRODUCTION
Research always starts with a question or a problem. Its purpose is to find answer to questions through the application of the scientific method of research can be classified into twp broad categories: 1) Basic Research 2) Applied Research
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Basic research is sometimes called “Fundamental” research, “theoretical” research or “Pure” research. It aims at expanding the frontiers of knowledge at knowledge & does not directly involve programmatic problems. Applied research which is also called “Decisional” research on the other hand proceeds with a certain problem & it specifies alternative solution & the possible outcomes of each alternative.
Definition:
Research is a systematic & objective study of problems pertaining to the marketing of goods & services.
In this firm is given important to R & D its always research & development their product. Padmavati Engineers (India) has well research and development department.
Objective Of Research :
? To gain Familiarity with a phenomenon or to achieve new insights into it.
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? To portray accurately the characteristics of a particular individual, situation or a group. ? To determine the frequency with which something occurs or with it is associated with something else. ? To test a hypothesis of a causal relationship between variables.
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Strategic Issues:
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The section delves into a holistic assessment of the R&D in the Door Closer sector and that needed for it to emerge as a global player. The strategic assessment is brought out in the following SWOT analysis.
Strengths:
? High production efficiency with highly skilled work force. ? Comprehensive testing facilities. ? Products are highly durable and reliable that increase product consistency. ? Products abundantly available as per client's specifications. ? Product range is available at competent prices. ? Bulk production capacity. ? Prompt deliveries and customer satisfaction is top priority. ? Excellent management team to cope with
changing environment.
Weaknesses:
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? Sub critical R&D investment. ? Lack of innovative R&D culture in parts industry. ? Poor networking among constituents in the innovation chain. ? Inadequate trained manpower in emerging areas.
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Opportunities:
? Due to rising coats of R&D overseas, greater tendency towards outsourcing and networking. ? Early R&D wins boosting confidence. ? Opportunity to improve quality standards.
Threats:
? Rapidly changing standard of quality and manufacturing at the international level. ? Lack of strategy to bring convergence between aspirations of the small and big players. ? Reducing tariff levels and dumping can be a threat to survival of products and industry.
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FUTURE PLANS
Since the company has started its journey 15 years ago but still business through modification, diversification and development. Future plan is very much essentials for the success of business unit course of action to achieve the specific goal. The future plan of the company is to make expansion in machinery and to go for the diversification in press forging which in turn reduces per production rate. Company also establish new plant for other manufacturing item and the plant is totally separate from Padmavati Engineers(India).
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SUGGESTIONS
? The production capacity should be utilized 100% ? They should try to get more orders so that their profits ? increases and it is good at national level. ? The company should increase its channel of distribution. ? They should advertise more, so that sales of the company can increases than present. ? The production capacity should be absolutely exploited without unnecessary wastage of time intervals.
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Findings
The company is well aware of our responsibility to supply packing solutions to their customers at every corner of the world. The company has an efficient supply chain management team who are poised to deliver consignments at the client's doorstep within the stipulated time period. The company’s well-equipped manufacturing unit
encompasses a dedicated and innovative team of highly experienced engineers and experts belonging to automobile industry. The company is also enriched with production staff who are regularly trained in-house to meet the international standard requirements. Right combination of personnel, machines - the total operating system
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Conclusion
The training at Padmavati Engineers(India) has been proved to very contributing training. It has been significant in our managerial career. This training is one of the most crucial training for the student of M.B.A. It was wonderful experience. Antique is on its path of glorious success. It has not restricted its boundaries. It is stepping it’s for towards success through freightless, firm determination and good management. From the deep study of Padmavati Engineers (India) we come to conclusion that its future is very bright & it will progress more in coming years because there are mutually understanding between the employers & employee. The workers work very hard & an employer of the organization motivate the workers very well.
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Appendix
QUESTIONNAIR Name: _________________________________________ Address: ________________________________________ ________________________________________ 3) Phone no: ________________ 4) Qualification :________________ 5) How many month you joined in company? __________ 6) Is company provided welfare to you? [ ] Education to your children. [ ] Medical insurance. [ ] P.F [ ] Residencies [ ] Transportation [ ] Sport [ ] Mineral water [ ] Personal loan [ ] Uniform [ ] Diwali festival [ ] Get to gather 7) Do you provide help in your career development by company? [ ] Yes [ ] No 1) 2)
If yes, which facility provides you? [ ] Library 8) [ ] Tour
Is the company provides you good working
Condition? [ ] Yes 9) [ ] No
When you join in company, which types of training given
by company? [ ] Induction training [ ] job training
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[ ] Safety training 10)
[ ] Promotion training
When top management take decision are they take Suggestions from you? [ ] Yes [ ] No
11)
Is your boss supervising your work? [ ] Yes [ ] No
12) When you do your work best, management will give reward by the management? [ ] Yes If yes, [ ] Bonus [ ] Increase salary [ ] Promotion 13)If you face any problem? [ ] Go to the supervisor [ ] [ ] Go to the manager Other facility- Drop box. [ ] No
14)Are you satisfy from your salary? [ ] yes [ ] No
15)Your view towards ___________________________
company:
_____________________________________________________ ______________________________________________________
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THANK YOU
BIBLIOGRAPHY
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BIBLIOGRAPHY
WEBSITES :
? ?
www.google.com www.godrej.com
REFERENCE BOOKS:
Operation Management : Financial Management : HR Management: R&D: Chunawala& Patel Production Prasann Chandra K. Ashwasthapa C.R.Kothari
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doc_783617632.docx
Padmashali is a Telugu-speaking Hindu artisan caste predominantly residing in the Indian states of Andhra Pradesh, Karnataka and Tamil Nadu. The caste, traditionally occupied in weaving, is of Brahminical origin
A SUMMER PROJECT REPORT ON
PADMAVATI ENGINEERS(INDIA)
1
CONTENT
NO.
1. 2. 3. 4. 5. 6. Introduction Brief History Industrial profile Organization Chart Location of the unit
TOPIC
Page No. 09 10 11 16 17 21 34 48 52 65 69 72 73 74 78 80
Various Department ? Production Department ? Personnel Department ? Sales Administration Department ? Finance Department ? Research & Development Department SWOT – Analysis Future Plans Suggestion Finding & Conclusion Appendix Bibliography
7. 8. 9. 10. 11. 12.
2
PADMAVATI ENGINEERS(INDIA) INTRODCTION
Padmavati Engineer (India)is located at Ratanpar, Surendranagar-Rajkot highway, Dis. Surendranagar, Gujarat (India). The company 125 Kms far away from Ahemdabad Airport, 105 km from Rajkot airport. The local condition resulting from rain-starved terrain. But these people are gifted with high skills and artisanship for ingeniously design mechanism and equipment to produce high precision components at a low cost. The company manufacturing Door Closer (Both floor and Door Closer ),Automobile Parts & Cylinder head. Padmavati Engineers (India) has well infrastructure. The basic facility also available to company likes Transportation, Banking, Insurance, Telephone service, Electricity. Padmavati engineers (India) Was Established in the year of 1994-95 by Mr. Chetan C. Shah. Company has been started job work of GODREJ, VIDEOCON industries. Padmavati Engineers(India) has well Equipped Design and Development facility and a well Organization grinding and super finishing machine. Company having 1 Automated machine, 7 C.N.C machine, 10 Lath machine, 10 Drilling machine
3
History & Development
The company’s history dates back towards December1994, when Mr. Chetan C.Shahstarted the company. In 1994-95 company was started with only 50 lacks amount and few machinery. He managed many things before starting the company, like: 1. To select the perfect Plant Location 2. Planning of building, capital arrangement and
equipments etc. 3. Preparation of capital or financial planning/arrangement. But now a day company have 7 CNC machine,10 lath machine, 10driling machine,1 automated machine, die cast machine and 9 other machine. Chatnbhai was studied at Bombay. He completed L.E.E (License Electrical Engineer, Bombay ). company manufacturing through job work of Godrej, Videocon companies. Padmavati Engineers (India) was first manufactured Die cast, Hal draft, Part of door closer, but after some time company was manufactured whole door closer and automobile parts. Padmavati Engineers(India) was a new project. Here for starting the company, Mr. Chetan Shah had faced so many
4
struggles related with planning, detailed engineering and construction management.
5
6
Name: Address:
PADMAVATI ENGINEERS(INDIA) 2km. stone, Rajkot Road Ratanpar, Surendranagar-363020 Gujarat (India)
Promoter: Directors:
Mr. Chetan Shah Mr. Chetan Shah Mr. Preeti Shah
Establishment Year: Formal Organization: Account Year: Office Staff: Labour Staff: Weakly Off:
1995 Partnership March/April 8 40 Wednesday
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Bankers: Scale Of Unit: Product Prepared:
AXIS Bank, S.B.S Madium Scale Automobile Parts,Door Closer& Cylinder Head
Tax Information:
8.24% Excise Duty 12.50% VAT 2% Education Tax 1% Higher Education Tax
Phone No.: Fax: E-mail: Partners:
02752-325442 02752-248976 [email protected] Chetan Shah Preeti Shah
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OVERVIEW
Padmavati Engineers(India) is located at Ratanpar
most developed industrial area Ratanpar(Surendranagar). It is covering about 3500 sq. foot area which include production unit as well as the administration unit. ` The value of land, building and machineries of the
company would be around Rs. 6.5 Cr. Padmavati Engineers(India) is a leading quality
manufacturer in India of Automobile parts , Door closer & Cylinder. All type of Automobile parts , Door closer & Cylinder Head manufacturing by this company.
PRODUCTS :
The Company is Manufacture its Door Closer under the brand name Godrej,Videocon & Metco. Another Product Cylinder Head is manufacture under the brand name of Videocon.
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ORGANISATIONAL STRUCTURE
Senior Partner
Managing Director
Managing Director
Administration Department
Finance Department
Production Department
R&D Department
Administration Manager
Finance Manager
Production Manager
R&D Manager
Accountant
H.O.D of Door Closer
Computer Assistant
Supervisor
Clerk
Workers
Auditor
H.O.D of Automobile
Supervisor
Workers
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LOCATION OF THE UNIT
Every entrepreneur of a business unit must give full consideration to the suitable location of his enterprise. Optimum location point is expected to give the lowest unit cost of production as well as distribution and hence it can be most profitable for the business. An entrepreneur must choose an ideal location at the time of launching the enterprise. Location factors are crucial for profit maximization in deciding about the location of a concern; the selected site or position must minimize the cost of distribution. If the site for locating a business is unfavorable, the concern cannot be managed economically and profitability even though the entrepreneur has the necessary capital and capacity or managerial skill. Location of company is depends on many thing company should choose location in such a way that company can get
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benefit of the location like nearest to market, nearest to raw material, availability of cheap and skilled labor, availability of power, fuel and water or where Government provides subsidies to the company for there. Padmavati Engineers(India) is a medium scale
company, which is located at Ratanpar(Surendranagar). It is Industrial area that is GIDC. Government provides tax subsidies, power and water etc. facilities especially for industries in that particular area.
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TIME KEEPING SYSTEM
Each unit has its own time keeping section. Every company must have the regularity of its employees in time keeping system the arrival and department of employee keeps record of it. At present around 48employees are working in the company. In which 40 employees are in production
department and 8 employees are in administration / office department and left of them are helper of the department. Time keeping system play most important role in organization it gives the whether he is regular or giving promotion or in motivation for its overtime etc. The company maintains one register for the purpose of keeping record of its employees’ presence, working hours and overtime, leave etc.
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The company keeps one weekly-off as per government rules and regulations. Padmavati Engineers(India) has very good and comfortable, given below: systematic time keeping system as
For office employees : 8:30 AM TO 1:00 PM
1:00 PM TO 1:30 PM (Recess) 1:30 PM TO 7:00 PM
For workers : 8:30 AM TO 1:00 PM 1:30 PM 1:00 PM
TO 1:30 PM (Recess) TO 7:00 PM
On Wednesday they are having a holiday what generally having in all industries.
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Production is the basic activity of all industrial units. Another activity revalue around this activity. The end product of the production activity is the creation of goods and services for the satisfaction of human wants. The production activity is nothing but the step-by-step conversion of one form of materials into another either chemically or mechanically.
Production is considered as a heart of any company. Production involves the step-by-step conversion of one form of materials into another through chemical or mechanical processing to create or enhance the utility of the products. “Production is the process by which goods and services are created.”
INPUT
PRODUCTION FUNCTION
OUTPUT
MATERIAL LABOUR CAPITAL ENERGY INFORMATION RESOURCES
PRODUCTS SERVICES INFORMATION PRODUCT OR SERVICES
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TECHNOLOGY
Padmavati Engineers(India) employs the best
techniques & competent manpower at all the stages of the process. Substantial resources & energy go into quality control & quality assurance. The company has all the necessary equipments & facilities to support the policy regarding quality. Every aspect right from quality of inputs, throughout the processing up to the delivery of products undergoes strict & compulsory inspection & control. The company has adopted fastest, latest & the best technology for all its processes. This includes the Cast Cleaning machine winding machine, automatic packaging machine, spray color machine, product testing machine. All the machines are with Japanese Collaboration, which is the best in the industry. The result of the good technology used by the company can be derived from the fact that the company has: Achieved amongst the best capacity utilization in the industry.
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PRODUCTION UNIT
Padmavati
Engineers(India) started
manufactured they
Aldrop die cast, Haldraft, Door closer parts then now
manufacturing Door closer, Automobile parts & Cylinder Head. Within a short span of time, it has successfully established itself as a trusted name among various customers, in India, for its best quality, timely delivery, competent prices & most important of all customer orientation, committed dealings & customer satisfaction. The company uses ore of iron and aluminum in raw material. Moreover there are also added some other material like zinc, copper . The company use the best raw material for the
manufacturing automobile parts, door closers & cylinder head. Company manufacturing two types of automobile parts first is TIE RODE& second is STABILIZER LINK so company used the good raw material for customer satisfaction and customer needs.
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PRODUCTION PROCESS OF DOOR CLOSER
Padmavati Engineers(India) get raw material from Dev Metal- salves, Bright industries- Baroda, and iron from Rajkot. Company get raw material and send finish good through Bhavna transportation and Om transportation. Padmavati Engineers(India)manufacturing two types of Door closer, Cylinder head,55 item of tie road, die caste parts, 35 item of link. DOOR CLOSER: Manufacturing door closer, company have require some parts and then assemble all the parts become door closer. All the pare manufacture in company. Some part manufacturing in CNC machine and some part manufacturing in LATH machine. Below are given some part of Door closer.
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1 10 Screw Body 2 Rack
9 Patti
3 Pinion
DOOR CLOSER
8 ¼ Ball 5 7 Oil ring 6 Upper cape 4 Spring
Side cape
Production process
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1. Body:
Raw material (Aluminum) Dissolve in Furnace Prepare Die Finishing Silver Paint
2. Rack
31.75 dig.)21
Raw material (Iron) Cutting (Lathe) Hole Flat Cutting Drilling Milling Teeth cutting Flat Cutting Grinding
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3.Pinion :
Raw material (Iron) (30,32,36,38 mm) Cutting (20.3) Chamfering Finishing
4. Spring:
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4. Side Cape :
6. Upper Cape :
7. Oil Ring :
10. Screw :
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PRODUCTION PROCESS OF AUTOMOBILE PARTS
Cutting (Lathe) Connecting Road Chamfering Welding Assembly Checking
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Packing
PRODUCTION PROCESS OF CYLINDER HEAD
Raw material (Aluminum) Dissolve in Furnace Prepare Die
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Finishing Silver Paint PHOTO OF PRODUCT MANUFACTURING BY THE
PADMAVATI ENGINEERS(INDIA) :
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INTRODUCTION
Human Research department is a link between the top management and the workers or we can say that its acts like bridge between the employees and the employers. It is basically concerned with human relationship within the organization and helps in maintaining smooth relationship between employee and employer. It is art of getting things done by other people. Manpower is the most important resource among all the resources. Factors such as funs, machineries, technological advancement etc. those are required in order to run organization, nothing will work if an organization doesn’t have sufficient manpower and suitable managerial persons and practices. Human resource is the greatest asset of any business enterprise. The workers are the heart of the organization. It is the manpower that operates the machines, processes the raw materials into a finished product and makes it possible to sale in the market. Henceforth we can say that personal management is the most essential department of an organization in order to have a proper manpower planning, organizing, staffing, directing and controlling in order to achieve individual, social and organizational goals. Padmavati Engineers(India) believes that in less manpower but providing best facilities in case of quality, services etc. so, there are only three persons in HR department in Padmavati Engineers(India).
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HR Planning
HR planning is the most vital part of HR department as because HR manager create a policy related to HR planning. Basically HR planning is a one kind of man power planning process. In this process HR manager envisages the future man power requirement in firm. HR planning is required because to demolish
contingency. HR planning is basically created to chase the future man power requirement and production will not discontinue if any kind of problem occurs in firm. In Padmavati Engineers(India) HR planning is also
done by HR manager to wrestle with future man power requirement. HR planning is directly alliance with future activity. In Padmavati Engineers(India) HR manager also create one kind of strategy to wrestle with future activity and any kind of interrupting will not taken place while production hence HR planning will taken place in organization. HR planning is also required for the intention of discontinue will not occur in organizational activity. So, to wrestle with undesirable thing HR planning is a powerful tool.
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Method of Manpower Search
Manpower search is also indispensable in company. Company is doing plenty of activity regarding manpower searching they are also doing internal as well as external manpower search. Method of manpower search
Direct Method
In direct method skilled and semi skilled employees are recruited from vocational school and industrial training. In direct method employees are selected on the basis of their pragmatic relationship with firm. In Padmavati Engineers (India) this method will also taken place because they are also hiring employee from B-school.
Indirect Method
Advertisement No. is given in newspaper, identifying Journals, the firm. Radio and television are used to publicize vacancies in which only Box without Padmavati Engineers(India) do not use indirect method of manpower search.
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RECRUITMENT AND SELECTION:
RECRUITMENT:
“Recruitment is process to discover the sources of manpower to meet the requirement the sources of manpower to meet the requirement of the staffing schedule and to employ effective measures for attracting that manpower in adequate numbers to facilitate effective selection of employees and efficient working force.” The recruiting procedure of Padmavati Engineers(India) consists of three segments: 1. 2. 3. Recruitment of workers. Recruitment of executive and managerial staff. Recruitment of technical persons.
SELECTION:
The selection procedure is concerned with securing relevant information about an application. Padmavati Engineers(India) recruitment and selection procedure for blue collar force as per the labor laws for the recruitment of labor is the company. It is essential that he should acquire the certificate of ITI examination. Padmavati Engineers(India)recruits knowledgeable and experience persons.
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Actually, parts technology is so wide so, Padmavati Engineers(India)provides training to new employees. Workers are selectedWith reference to the method, Padmavati Engineers(India) used the direct method more frequently for the recruitment of its employees. Sometimes, Padmavati Engineers(India) also uses the Third Party Method at the time of selection of high level person like general manager, head of various department etc.
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Induction
Induction is a process familiarizing. Unless employee in not become familiarize with firm hence induction is requirement. If company is massive then induction process is needed. Induction gives sketch of company to novice employee. Induction also gives idea regarding Routine work, Rules & regulation of company, Terms & condition of company Idea abut company existence, familiarizing with different department, familiarizing with hierarchy, Idea about Plant & location. In Padmavati Engineers(India) induction process is still exist because company is massive. If employee is not aware about company history, present and future he or she will not become good employee in any firm. In Padmavati Engineers(India) when employee is novice at that time company provide induction to newly recruit employee. In induction Padmavati Engineers(India) provide basic about company, familiarizing with different department, familiarizing with hierarchy, Idea about Plant & location, familiarizing with mission and vision of company, Plant visit etc. are the part of Padmavati Engineers(India) induction.
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If induction is not providing to newly recruit employee it will become dazed for employee because employee is not only novice but also callow then induction is the only one way to demolish future problem. If induction is not providing properly then it’ll create a massive problem for not only employee but also company. So, from above statement we can make out that the how induction plays a key role in life of employee. Induction is uniqueness of company if employee astonish then he’ll or she’ll give the good result to company. While doing job induction is a base in employee’s life.
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Training & Development
Training and development will enhance the quality of employee. In today’s era companies are providing training and development to their employee for better output. If any new thing or new technology will occur so at that time employee training & development will necessary for employee. Padmavati Engineers(India) also provide training and In
development to their employee. Padmavati Engineers(India) offer training to novice employee before joining the firm. this training Padmavati Engineers(India) provide 5 or 9 days to novice employee in administration job but in technical job they are providing 1 month or 25 days training to their employee. Training and development is also one of the part of employee welfare and in today’s era it’s become a hot potato in global environment because now to survive in the global competition is not a doodle its very tuff. To survive in the global field company are spending plenty of bucks behind T & D.
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Different type of training
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1 On the job training
6 Safety training
2 Classrom training
Types of Training
5 Induction training 3 Refresher training
4 Promotion training
Different type development
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1. Job instruction 6. Group Training 2. Coaching
Development
5. Conference 4. Seminar
3. Lectures
Salary & Wages Administration
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Salary and wages administration is also one of the activities of HR department. In any company employees are working for their bread and butter otherwise they are not able to work in the firm so, wages and salary make satisfy to employee in terms of bucks. In Padmavati Engineers(India) wages and salary distribution is excellent and employees are also satisfied with their salary and wages. During festival Padmavati Engineers(India) also provide bonus and incentives to their employees which indirectly give boost to company in terms of production. Padmavati Engineers(India) provide salary on the basis of hierarchy hence dispute and grievances will not occur in the Padmavati Engineers(India). So, in Padmavati Engineers(India) wages and salary
administration is satisfying the demand of employee and labor. If salary and wages administration is not in proper manner then it’ll create trade union which is not good for any company. Padmavati Engineers(India) provide salary to their employee via of every month which flaunts the accuracy of Padmavati Engineers(India).
Employee Welfare
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Employee welfare gives pep talk to employee. Employee welfare is the essential part of any company success or fiasco. Employee welfare enhances the involvement of employee in company. Not only in India context but also in global context this issue is become very hot. If company is not put emphasis on this issue it will prevent the company is growth because company’s real asset are their employees and employees is not satisfy with company’s term and condition it’s bad sign for any company. Padmavati Engineers(India)also take care of this issue because they know if employees are not satisfied with our term and condition we are not able to reach at our goal. If king has to win the battle he has to take care of his army if he’s become fiasco in this matter he’s not able subjugate the battle.Padmavati Engineers(India)term and condition is also very liberal. They are also providing plenty of facility to their employee in many different ways. Padmavati Engineers(India)also provide Bonus and Incentive to their employee during festival Padmavati Engineers(India)provide Canteen facility,Bonus and incentives, Fund, Orchard, Insurance etc to their employee. Hence HRM department of Padmavati Engineers(India)also take care of this issue so any kind of dilemma will not occur in future.
Dispute & Grievances
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The work of HR department is very crucial in any firm as because HR department has a potential to handle anything related to employee and they are also providing training and development to employee and they are also figure out the dispute and grievances if it happen to employee. In Padmavati Engineers(India)if dispute and grievances are arise then the HR manager figure out in such way that it’s not arise in future and dilemma will not taken place in firm at all. Dispute and grievances is very complicated thing in the firm as because if it’s arising then to figure out is very hard thing for anybody. So, we can understand that what’s the genuine significant of HR department in any firm. In any firm hardest thing is that how to control employee in such manner that he or she will not feel bad regarding HR department verdict and if he or she will feel that HR department gave bias decision then it’ll create massive dilemma in company. “Employee is company’s asset and if manager doesn’t take care of that then they’ll be blot”
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INTRODUCTION
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Marketing is a one kind of activity of promoting the product in such a way that consumer will aware about it. If product having phenomenal feature but the marketing of product is nadir so product can’t run in the global market. In the global era marketing is the most dominant sector and without proper marketing product can’t go ahead in the global era so, marketing give one kind of boosting to the product. If product having mediocre response from the market but if company do marketing of that product it’ll give the phenomenal result to company. “Marketing is an interfacial activity to selling the product in the market.” -Philip Kotler Padmavati Engineers (India) has no any marketing department because company did job work.
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QUALITY CIRCLE
The Company has obtained BIS Certificate for ISI marks and through continuous process of improvement of the quality system at par the international standards have also acquired ISO 9001:2008 certificate. The need by supplying them the quality product as per international standards for their total satisfaction every product undergoes for strict quality control checking before it packed.
PACKING AND PACKAGING
Packing may be defined as the general group of activities in product planning which involve designing and producing the container or wrapper for a product. -William I. Stanton This is again a vital stage before the product actually reaches to the hands of the end users we have thoughtfully developed packaging parameter not only provides for safe shipments but also adds to the importance of individual parts
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TIMELY DELIVERY
This Company is fully commited to deliver the products in specified time and to extend effective service beside maintaining the quality levels. In pursuit of excellence, the company will adopt practices that support conservation and sustenance of energy environment and natural resources.
ADMIRABLE NETWORK
The company has its network all over India the never ending search for perfection and total customer satisfication is our moto and achieve that the continual improvement of technology it emphasis on company policy to manufacture world class quality products.
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INTRODUCTION
Undoubtedly, money occupies a key position in the capitalistic economy of the most modern age. One of the most important functions of the top management is to raise finance at a right quantity and also to use it most effectively. In fact, this faction constitutes the core of financial management. Money is the life-blood of modern business. “Money is pivot around which all economic activities run”. Money is required to purchase expensive machinery and also for day-today expenses of raw material, labor and operational and administrative needs of business. Execution of expansion plans and modernization programs are not possible without adequate finance. Thus, money can be described as the lifeblood of industry. Meaning of Finance Management: “Finance Management is concerned mainly with such matters as how a business corporation raises its finance and how it makes use of it.” - HOAGLAND
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SOURCES OF FINANCE
Sources of finance are also play an important role. There are many financial sources available for the company. Company has to decide that by which Way Company gets finance easily. Company gets finance by the external and internal sources as well as long term or short term sources. It depends upon company that which way company select. Company has to think that in which way company get money at minimum rate.
? Padmavati Engineers(India)takes finance from the UTI, & SBS when company requires money. And company also invests
its profit in the company.
WORKING CAPITAL MANAGEMENT
Company is made of long term capital, short term capital, working capital, etc. Working capital combines with current assets. Working capital is one type of current asset. Working capital is used in day to day activities .The importance of working capital mgt. is reflected in the fact that financial managers spend a great deal of time in managing current assets and current liabilities. Arranging short-term financing, negotiating favorable credit terms, controlling the movement of cash, administering accounts receivable, and monitoring the investment in inventories consume a great deal of time of financial managers.
Working capital = Current assets – Current liabilities
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The goal of working capital management is to manage the firm’s current assets and liabilities in such a way that a satisfactory level of working capital is maintained. There are two concepts of working capital 1. Gross working capital 2. Net working capital Gross working capital = owned working capital + borrowed working capital Net Working Capital = Current assets – Current Liability Padmavati Engineers (India) „s working capital is shown in below. 2007 : 2,27,83,210.64 – 86,69,973.86 = 1,41,13,236.78 2008: 2,81,34,521.88 – 1,34,14,886.32 = 1,47,19,635.54
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INVENTORY MANAGEMENT
Inventory plays a vital role. It is most important. So its management is also important. There are three types of inventories. 1) Raw Materials 2) Work In Progress 3) Finished Goods Raw material is an input in making the final products. Company has to arrange such system that company gets enough raw materials in regular time. Work in progress also known as stock in process. The good which is in intermediate stage of production is called work in progress. Finished good consist of final products that are ready to sale. Finished good is final product. ? Benefits of holding inventory: Organization inventories are maintained to widen the latitude in planning and scheduling successive operations. Raw material inventory enables a firm to decouple its purchasing and production activities to some extent. It provides flexibility in purchasing and production
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.The firm can wait for an opportune buying moment without affecting its production schedule.
CASH MANAGEMENT
Cash the most important to the daily operation. While the proportion of corporate assets held in the firm of cash is very small, often between 1 and 3%. But its efficient management is crucial to the solvency of the business because in a very important sense cash is the total point of fund flows in a business. In view of its importance, it is generally referred to as the “life blood of a business”. Why does a firm needs cash? There are three possible motives for holding cash: 1) Transaction motive 2) Precautionary motive 3) Speculative motive 1) Transaction Motive: Firm needs cash to their transaction needs. The collection of cash is not disbursement of cash. Hence, some cash balance is required as a buffer. 2) Precautionary Motive: There may be some uncertainty about the magnitude & timing of cash inflows from sale of goods & services issuance of securities. 3) Speculative Motive:
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Firms would like to tap profit making opportunities arising from fluctuation in commodity prices, security prices, interest rates and foreign exchanges rates. ? Padmavati Engineers(India) has do well cash management. Company takes enough cash balance on hand. So company can do day to day activities easily.
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LEVERAGE ANALYSIS
Leverage analysis plays a crucial role in the business. Leverage analysis helps company to know the performance of the company. If all the costs of a firm are variable in nature, profits will vary proportionally with sales. This means that an x per cent variation in sales will lead to an x per cent variation in profit. In the real world, however, several costs remain fixed, at least in the short run, with respect to output (sales). Some of them are operating costs and some of them are financial costs. Leverage is mainly two types: 1) Operating Leverage 2) Financial Leverage
1) Operating Leverage:
Operating leverage refers to the extent to which the firm has fixed operating costs. A firm with high operating leverage will have relatively high fixed costs in comparison with a firm with low operating leverage. Formula of operating leverage: Degree Of Operating Leverage : Contribution / EBIT Where ,EBIT = Earning before interest and tax. 2) Financial Leverage:
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Financial Leverage refers to the extent to which the firm has fixed financing costs arising from the use of debt capital. A firm with high financial leverage will have financing costs compared to a firm with low financial leverage. Now we see the formula of Financial Leverage: Degree Of Financial Leverage : EBIT / EBT
RATIO ANALYSIS
We have to calculate the ratio of the finance to know the financial strength of the company. That’s why I had taken different ratios to find out the Profitability, liquidity, and solvency. On the basis of that we can know the better so for that I am doing a comparative study of Financial Statement of year 2007 & 2008 of Padmavati Engineers(India). This can be as follows. Ratio analysis is a powerful tool of financial analysis. A Ratio is defined as “the indicate quotient of two mathematical expressions” and as “the relationship between two of more things.” In financial analysis, a ratio is used as benchmark for evaluating the financial position and performance of a firm. The absolute accounting figure reported in the financial statements does not provide a meaning full understanding of the performance and financial position of a firm. An accounting figure conveys meaning when it is related to some other relevant information. The relationship between two accounting figures, expressed mathematically, is known as a financial ratio. Ratios help to summaries large quantities of financial data and to make qualitative judgment about the firm’s financial performance. The point to note is that a ratio reflecting quantitative relationship helps to form a qualitative judgment.
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]
? Ratio Analysis:
To know the financial efficiency management I had taken a ratio analysis as a tool of research and for that I have classified the Ratios in a four different category which can be as follow: 1. Liquidity Ratio 2. Leverage Ratio 3. Activity Ratio 4. Profitability Ratio
Calculation of ratios :
1. Gross Profit Ratio = Gross Profit/ Sales *100 2007: 1,03,91,667 /4,71,72,298 *100 = 22 %
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2008: 1,39,20,475.56/6,89,36,348.85 * 100 = 20 % 2. Net Profit Ratio = Net profit/ Sales *100 2007: 12,65,697.72/4,71,72,298.00 *100 = 2.68 % 2008: 18,50,466.56/6,89,36,348.00 *100 = 2.68 % 3. Stock turnover Ratio = Cost of good sold/ Average stock Cost of good sold = Sales – Gross Profit 2007: 4,71,72,298.00 - 1,03,91,667.00 = 3,67,80,631.00 2008: 6,89,36,348.85 – 1,39,20,475.56 = 5,50,15,873.29
Average Stock: Opening Stock + Closing Stock / 2
2007: 27,56,006.00 + 36,68,903.41 / 2
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= 32,21,454.705 2008 : 36,68,903.00 + 29,24,829.64 / 2 = 32,96,866.32
Stock Turn over Ratio 2007 : 3,67,80,631 / 32,12,454.705 = 11 Time 2008: 5,50,15,873.29 / 32,96,866.32 = 16 Time
Current Ratio = Current Assets / Current liabilities 2007 : 2,27,83,210.64 / 86,69,973.86 = 2.62 :1 :4,829.64 / 1,34,14,886.32 = 2.18:1
Debit Ration = Debaters / Credite Sales * 365
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2007 : 1,61,73,762.48 / 4,71,72,298.00 = 125 Days
2008 : 2,21,91,579.66 / 6,89,36,348.85 *365 = 117 Days
Creditor Ratio = Credite / purchase * 365 2007 : 82,89,304.86 / 3,00,58,127.68 *365 = 100 Days 2008 : 1,30,84,741.62 / 4,64,48,051.47 *365 = 203 Days
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INTRODUCTION
Research always starts with a question or a problem. Its purpose is to find answer to questions through the application of the scientific method of research can be classified into twp broad categories: 1) Basic Research 2) Applied Research
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Basic research is sometimes called “Fundamental” research, “theoretical” research or “Pure” research. It aims at expanding the frontiers of knowledge at knowledge & does not directly involve programmatic problems. Applied research which is also called “Decisional” research on the other hand proceeds with a certain problem & it specifies alternative solution & the possible outcomes of each alternative.
Definition:
Research is a systematic & objective study of problems pertaining to the marketing of goods & services.
In this firm is given important to R & D its always research & development their product. Padmavati Engineers (India) has well research and development department.
Objective Of Research :
? To gain Familiarity with a phenomenon or to achieve new insights into it.
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? To portray accurately the characteristics of a particular individual, situation or a group. ? To determine the frequency with which something occurs or with it is associated with something else. ? To test a hypothesis of a causal relationship between variables.
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Strategic Issues:
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The section delves into a holistic assessment of the R&D in the Door Closer sector and that needed for it to emerge as a global player. The strategic assessment is brought out in the following SWOT analysis.
Strengths:
? High production efficiency with highly skilled work force. ? Comprehensive testing facilities. ? Products are highly durable and reliable that increase product consistency. ? Products abundantly available as per client's specifications. ? Product range is available at competent prices. ? Bulk production capacity. ? Prompt deliveries and customer satisfaction is top priority. ? Excellent management team to cope with
changing environment.
Weaknesses:
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? Sub critical R&D investment. ? Lack of innovative R&D culture in parts industry. ? Poor networking among constituents in the innovation chain. ? Inadequate trained manpower in emerging areas.
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Opportunities:
? Due to rising coats of R&D overseas, greater tendency towards outsourcing and networking. ? Early R&D wins boosting confidence. ? Opportunity to improve quality standards.
Threats:
? Rapidly changing standard of quality and manufacturing at the international level. ? Lack of strategy to bring convergence between aspirations of the small and big players. ? Reducing tariff levels and dumping can be a threat to survival of products and industry.
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FUTURE PLANS
Since the company has started its journey 15 years ago but still business through modification, diversification and development. Future plan is very much essentials for the success of business unit course of action to achieve the specific goal. The future plan of the company is to make expansion in machinery and to go for the diversification in press forging which in turn reduces per production rate. Company also establish new plant for other manufacturing item and the plant is totally separate from Padmavati Engineers(India).
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SUGGESTIONS
? The production capacity should be utilized 100% ? They should try to get more orders so that their profits ? increases and it is good at national level. ? The company should increase its channel of distribution. ? They should advertise more, so that sales of the company can increases than present. ? The production capacity should be absolutely exploited without unnecessary wastage of time intervals.
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Findings
The company is well aware of our responsibility to supply packing solutions to their customers at every corner of the world. The company has an efficient supply chain management team who are poised to deliver consignments at the client's doorstep within the stipulated time period. The company’s well-equipped manufacturing unit
encompasses a dedicated and innovative team of highly experienced engineers and experts belonging to automobile industry. The company is also enriched with production staff who are regularly trained in-house to meet the international standard requirements. Right combination of personnel, machines - the total operating system
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Conclusion
The training at Padmavati Engineers(India) has been proved to very contributing training. It has been significant in our managerial career. This training is one of the most crucial training for the student of M.B.A. It was wonderful experience. Antique is on its path of glorious success. It has not restricted its boundaries. It is stepping it’s for towards success through freightless, firm determination and good management. From the deep study of Padmavati Engineers (India) we come to conclusion that its future is very bright & it will progress more in coming years because there are mutually understanding between the employers & employee. The workers work very hard & an employer of the organization motivate the workers very well.
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Appendix
QUESTIONNAIR Name: _________________________________________ Address: ________________________________________ ________________________________________ 3) Phone no: ________________ 4) Qualification :________________ 5) How many month you joined in company? __________ 6) Is company provided welfare to you? [ ] Education to your children. [ ] Medical insurance. [ ] P.F [ ] Residencies [ ] Transportation [ ] Sport [ ] Mineral water [ ] Personal loan [ ] Uniform [ ] Diwali festival [ ] Get to gather 7) Do you provide help in your career development by company? [ ] Yes [ ] No 1) 2)
If yes, which facility provides you? [ ] Library 8) [ ] Tour
Is the company provides you good working
Condition? [ ] Yes 9) [ ] No
When you join in company, which types of training given
by company? [ ] Induction training [ ] job training
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[ ] Safety training 10)
[ ] Promotion training
When top management take decision are they take Suggestions from you? [ ] Yes [ ] No
11)
Is your boss supervising your work? [ ] Yes [ ] No
12) When you do your work best, management will give reward by the management? [ ] Yes If yes, [ ] Bonus [ ] Increase salary [ ] Promotion 13)If you face any problem? [ ] Go to the supervisor [ ] [ ] Go to the manager Other facility- Drop box. [ ] No
14)Are you satisfy from your salary? [ ] yes [ ] No
15)Your view towards ___________________________
company:
_____________________________________________________ ______________________________________________________
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THANK YOU
BIBLIOGRAPHY
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BIBLIOGRAPHY
WEBSITES :
? ?
www.google.com www.godrej.com
REFERENCE BOOKS:
Operation Management : Financial Management : HR Management: R&D: Chunawala& Patel Production Prasann Chandra K. Ashwasthapa C.R.Kothari
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