An Industrial Visit Report of Sandeep

8/13/2019 An Industrial Visit Report of Sandeep

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DECLARATION

I, the undersigned Mr. Sandeep M. Jadia a student of

S.Y.B.B.A. hereby declare that the perfect work presented in thisproject report is y own work and has been carried out underthe super!ision of "rof. #ira! s. Joshi of $eetanjali college ofcoerce and coputer science %B.B.A.&

'his report has not been subitted pre!iously to any otheruni!ersity for any e(aination,

)A'* +

"-A* + /AJ01'.

222222222222222Sandeep M. Jadia.

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PREFACE

3hich we are standing on the threshold of 45 st century,

professionalisation is getting on e!erybody6s nerers 7uickly.'rying to cope up with this pace, educational institutionsrendering professional degree courses are growing out likeushroos.

B.B.A. a three year full tie professional degree is !ery

popular aong such courses. It is interesting to note that B.B.A.includes practical training as a part of its course. In today6s era,such a type of practical training is a ust to bridge the gap

between theoretical knowledge and e(perience. It is a linkbetween classroos and the outside business world for theB.B.A. students.

In accordance with this, I ha!e also !isited one of theleading copanies of /ajkot i.e. L.N.TECHNOCAST. PVT. LTD.Included in producing casting produced in ost coon ferrousalloys %cast steel, anganese steel, cast iron, ductile iron etc.&

After hundred of efforts and de!oted in!estigation. I hereby present y report an industrial !isit

)A'* +

"-A* + /AJ01'

222222222222222Sandeep M. Jadia.

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ACKNOWLEDGEMENT

I hereby take this opportunity to e(press y gratitudetowards our "rof. #ira! S. Joshi, who stood as a source ofinspiration, encourageent and guidance to e at each ande!ery stage. 3ithout his help and super!ision. It would ha!ebecoe difficult for e to coplete this work successfully.

I can also not refrain fro e(pressing y gratitude towardsMr. #ayanbhai "atel %director&, Mr. /asikbhai hhatbar %accountofficer& and any other people.

-ast but not the least8 I6 thankful to y parents for theirsupport, encourageent and in!ol!eent and also y friendsfor their help.

'his project could coe to a successful copletion onlywith the joint efforts of all these people and their help.

)A'* +

"-A* +

22222222222222Sandeep M. Jadia

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Sr. #o. "articular "ageno.

5 $eneral inforation 9

4 "roduction departent 49

: "ersonnel departent ;;

> =uture plan ??

? Swot analysis ?@

onclusion 5

@ Suggestions :

5< Bibliography 9

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INDEX

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Sr. #o. particular "ageno.

5 Introduction ?

4 "roject at a glance

: opany profile 5

9 istory C de!elopent 5

> 1rganiDational structure 5@

? SiDe of the unit and for oforganiDation

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1ff day + =riday

-ist of e(ecuti!es +5. $eneral anager C production anager +

E.S. SAEA#'

4. uan resource anager + Aitbhai "atel

:. Marketing anager + Jayendrabhai shah

;. uality checking anager + gauta adhikari

Board of directors +5. #.#. "atel4. .-. "atel:. ).#. "atel;. #.-. "atel

COMPANY PROFILE

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3hile the Indian cast iron industry is still e(periencing and*ra of growth. -.#. '*#1AS' "E'. -'). ontinue its :9years 7uest and ission for 'echnological e(cellence and

inno!ation.

-t. Mr. -aljibhai "atel was the pioneer of the copany whohad great e(perience in the field of anufacturing of :9 years.3ith his great efforts and high e(perience, the copany grewinto a giant cast Iron anufacturing copany.

'he cast Iron industry is undergoing technological

inno!ation, so is our anufacturing e(pertise we ha!e adedynaic *fforts, and continuously endea!or to confront thetechnological hallenges of 45stcentury. 1ut strategy is also toe(plore new =ields where we can capitaliDe our ad!anced castingtechnology And high precision processing skills.

1ut product line includes castings produced in ostcoon =errous alloys %cast steel, anganese steel, cast iron,

ductileIron, etc.&

-.#. '*#1AS' "E'. -'). 3ill do e!erything to earn areputation for fast deli!eries, superior uality, copetiti!epricing, and outstanding custoer ser!ice. -.#. '*#1AS'"E'. -'). =oundry has the uni7ue ability to deli!er orders.

-.#. '*#1AS' "E'. -'). Is financially sound andcapable of carrying out its !arious )e!elopental projects. 'his

ensures our clients of stable, /eliable supplier. You can put yourconfidence in this Kn7uestionable !alue which gi!es trueeaning to the word L"artnership.

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3e ha!e been aking cast iron in our parent copanyfoundry for decades. In our parent copany ast And Blower co.%$uj.& "!t. -td. ast iron foundry is working on IS14


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0w+ ;5"attern plate siDe+ ;


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=ettling+ swing frae grinders F 4 #os $rinding wheel siDe+ 5>R

"edestal grinders4 #os

$rinding wheel siDe+ 5>R=le(ible shaft grinder; #os.$rinding wheel siDe>Rutter wheel siDeR)ie grinderModel" @5


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Model + 4


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ake+ keelsonserial no.


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COMPANY

POLICY

TRUST

-.#. '*#1AS' "E'. -'). 3ill do e!erything in itspower to gain the trust of custoer6s and clients by deli!ering7uality casting which eets or e(ceeds custoer e(pectationsat ost copetiti!e rates.

LEADERSHIP

-eadership to generate a shared !ision that continuouslychallenges and ipro!es the way castings are ade forcontinuous ipro!eent of a copany, the leader of -.#.'*#1AS' "E'. -'). 3ill coe with ideas for betterent.Ask for opinions and feed back fro both custoers and teaebers for the growth of the copany.

COMMITMENT

/egardless of the circustances, -#' will do e!erything inits power to fulfill the deand and supplies of the custoer byhonoring all coitents and obligations. By putting itscharacter, ability, strength to the highest le!el.

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QUALITY

-#' will continuously ipro!e its 7uality by ipleentinglatest technology and e7uipent. Because it belie!es thatanufacturing is an art and there is no end to ipro!e it andstrengthen its base inno!ations and technology changes arebasic need in success. -#' will put all efforts to achie!e the best7uality.

INVOLVEMENT

-.#. '*#1AS' "E'. -'). 3ill reain in!ol!ed in all

the custoer acti!ities for the progress of custoer in all theways to achie!e best 7uality and better price.

RECORDS

-.#. '*#1AS' "E'. -'). 3ill take a handsonapproach in regard to accounting and 7uality record keeping ,not only as a eans of gaining a better for there progress of

copany, but as resources for any L7uestionable6 acti!ities.

RESPECT

-.#. '*#1AS' "E'. -'). 3ill treat others with theutost of respect. /egardless of differences, positions, titles,ages, or other types of distinctions, always treat others withprofessional respect, courtesy, character, ability, strength, or

truth of a business.

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HISTORY &

DEVELOPMENT

istory C de!elopent shows the past of the copany.'he sister concern of this copany is MHs cast and blowercopany %$uj.& "!t. -td. But the -.#. '*#1AS' "E'. -'). Isnewly started so there is no history of the copany

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ORGANIZATION

STRUCTURE

1rganiDation structure is the pattern of relationshipsaong !arious coponents or parts of organiDation. Since theposition are held by !arious persons. 'he organiDation structureis the relationship aong people in the organiDation.

1rganiDation of -.#. '*#1AS' "E'. -'). Is siple andwell organiDed. 'he organiDation structure can be easilyunderstood and studied looking at the chart of the organiDational

structure attached herewithT

MA#A$I#$)I/*'1/

)I/*'1/ $A#A/A-MA#A$*/

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"/1)K' SA#) "-A#' KA-I'Y )*S"A'./.M. 1#'/1-

=I#A#*MA#A$*M*#' "K/AS* MA/0*'I#$A1K#'

)*"A/'M*#'

FORM OFORGANIZATION

'here are !arious types of business organiDation asfollows+

Sole proprietorship"artnership

opany organiDationooperati!e organiDation

-.#. '*#1AS' "E'. -'). 3as establish in =ebruary4


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CONTRIBUTION

OF THE UNIT TO

THE INDUSTRY

-.#. '*#1AS' "E'. -'). Is established in =ebruary4


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ACHIEVEMENT

Since we know that -.#. '*#1AS' "E'. -'). Is newlystarted that is why they ha!e not any kind of outstandingachie!eent.

But the sister concern of this copany naely AS' CB-13*/. %$KJ.&. "E'. -') Uaward recei!ed by %#ayanbhai-aljibhai patel&V has achie!ed the national award for 7ualityproduct 5@@@ for anufacturing of A$/IK-'K/A- "KM"S atthe dated+ :


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DETAILED

ABOUT THE

PRODUCT

-.#. '*#1AS' "E'. -'). Is included in anufacturingthe following products.

5. Autoobile casting4. Eal!es and fittings:. "ups and propellers;. /efrigeration and airconditioning9. Manhole co!er and bollards>. $ears and transission?. *lectric otors

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INDEX


5 Introduction 4?

4 Kses of the product 4

: "roduction process :. Melting process

In this process elting of etals is being done.Metals or /aw aterials like.- "ig iron- Scrap- 1ther foundry ate.

'hese all abo!e raw aterial elted into furnace on 59


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QUALITY CONTROL & INSPECTION

FACILITY

3e all are li!ing in a copetition age. In order to cobatcopetition e!ery anufacturer would like to aintain the7uality of his product so that the users in preference to productsof his copetitors ay like it.

John Stewart, a consultant with Mc0insey Ccopany, has

obser!ed that, Lthere is no one definition of 7uality. uality is asense of appreciation that soething is better than soethingelse. It changes in a lifetie, and it changes fro generation togeneration, and it !aries by facets of huan acti!ity,

uality control states that control and inspection ofproducts. In -.#. '*#1AS' "E'. -'). 'here is a separate7uality control and inspection departent. in 7uality control and

inspection departent the facility which are being pro!ided asunder.

SAND TESTING

"ereability 'est

Moisture 'est

$reen opression Strength 'est lay ontent 'est

opactibility 'est

Acti!e C )ead lay 'est

Mold ardness 'est

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ore ardness 'est

Sand A=S 'est

PHYSICAL TESTING

Brinell hardness 'est :


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PURCHASING DECISION

Any kind of the decision is !ery uch iportant factor inany business field. 'here are any kinds of decision can betaken in the copany like production decision, purchasedecision, sales decision. All decisions are !ery uch iportantin the copany. A one wrong decision can change thecopany6s gt. And copany fall into the loss. It ay bepossible or it is also possible that a one good decision can takehigh at the top le!el to the copany.

"urchasing decision eans to take decision related topurchase.

In the -.#. '*#1AS' "E'. -'). 'he purchasingdecision is in the hands of purchase H production anager andthey ask to the director.

"urchasing decision relating to the purchase of rawaterial and 7uality aterial.

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RAW MATERIAL USED IN PRODUCTION

PROCESS

'he raw aterial eans the ain aterial through theproduction can be possible.

'here are ain three things which is being used in theproduction process.

'hey are as follows- sand- "ig iron- Scrap- 1ther foundry ate.

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STORE KEEPING

LStore keeping is that aspect of aterial control which isconcerned with the physical storage of goods.

Store keeping is related with storage of raw F aterial,sei finished goods, finished goods.

In -.#. '*#1AS' "E'. -'). 'here is also facility ofstorage of raw aterial including sei finished C finished goods orproducts.

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MACHINARIES USE IN PRODUCTIONMachineries are being used in production as follows+

5 Shot blasting achine 4 Wolta olding achine : Induction furnace ; $rinding achine

IM"1/'*) 1/ )1M*S'I

'here is a achine which is iported. 'he nae of that achineis S"*'/1 M*'*/ fro $*/MA#Y.

#o. 1= 31/0*/S+

'here is a total 4< workers in the production departent.

-A'*S' '*#1-1$Y+

'here are two achines which perfectly of new technologywhich as follows.

5 -A'*S' S"*'/1 M*'*/ MAI#* 4 KA-I'Y 1#'/1- MAI#*

"-A# AB1K' 3*S' MA'*/IA-

If we think about this atter that they are reusing the westaterial. If the product pieces are found faulty then they take theseall faulty pieces in the production process again.

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RESOURCES OF RAW MATERIAL'* -.#. '*#1AS' "E'. -'). $et the raw aterial fro

different resources.

5 -ocal arket 4 $ujarat

In local arket, they are M*'A- I#)KS'/I*S, MI#*/A- CMI--S S'1/*.

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INDEX

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5 Introduction ;4

4 /ecruitent C selection process ;:

: 'raining C de!elopent ;;

; 3age and salary adinistration ;9

9 "ersonnel records ;>

> 'ie keeping syste ;?

? Industrial relation ;

/esources of eployees ;@

@ "rootion and transfer policy 9 p..

'here is no o!ertie syste at -.#. '*#1AS' "E'.-'). As it pays to the eployees on incenti!e basis and not ontie basis.

1n e!ery =riday, there is off day and also on public

holidays.

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INDUSTRIAL RELATION

Industrial relation eans the relation between labour andanager industrial relation is used to refer relation betweenparties concerned with industry. $ood industrial relation is !eryessential because success of copany. /elations betweenanageent and workers are going !ery soothly and

haronious. 'he -.#. '*#1AS' "E'. -'). as !ery goodrelation with anageent and workers.

'he relation between workers and super!isor is also !erygood they are no any frustrations aong all the reasonable lowerand higher le!el this is because all the reasonable deand of

workers gi!en due attention.

'he -.#. '*#1AS' "E'. -'). a!e !ery healthyrelation with anageent, workers, and other industries.

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RESOURCES OF EMPLOYEES

/esources eans fro where the eployees can get. 'he resources are local, soeties through

ad!ertiseent.

*M"-1Y** B*#*=I' A#) S*/EI*S

- Bonus of festi!al

- "ro!ident fund

3*-=A/* "/1$/AMM*

- Medical checkup- =unction- 3orking training- =east

-"icnic

- Staff 7uarters

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PROMOTION AND TRANSFER POLICY

=re7uency of prootion in a unit like -.#. '*#1AS'"E'. -'). Is !ery less and as there is no branch in other state orcity, 7uestion of transfer does not arise only.

3hene!er, prootion is gi!en to an eployee, it is gi!enon M*/I' BAS* seeing regularity, perforance, beha!ior,

efficiency etc. are e!aluated before gi!ing prootion.

*ployee to be prooted is, selected by L'I0 MA/0ethod and eployee getting a(iu nuber of tick arkshows his efficiency sincerity and hence he is prooted.

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JOB DESCRIPTION

Job description eans to describe the nature, of the job. Itis a written record of duties, responsibilities and re7uireent ofthe particular job. In starting, job description eans to gi!e theinforation and guidance to the candidate about their particular

job for which they are selected.

'he job description process is adopted for iddle le!eleployee as well as for e(ecuti!e persons.

3hen a anageent person is selected and inducted inthis unit the specific job description process is handled Cfollowing inforation gi!en to the.

5 #ature of job

4 )uties and responsibilities: /elation with other anageent staff; Job suary9 "osition and status in organiDation> working condition? Machine tools and e7uipent which is being used

'his gi!es a proper idea of the job.

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TRADE UNION

After getting all such abo!e entioned facilities can there be a tradeunion at -.#. '*#1AS' "E'. -').#o, there is no trade union as all the workers are highly satisfied

with their work and the benefits gi!en the.

COMMUNICATION

At, -.#. '*#1AS' "E'. -'). If any essage is to becounicated fro the M.). to the workers then it is generally oraland through departental heads or through departental heads orthrough circular.

PROBLEM HANDLING

Any organiDation has to face !arious probles related to itspersonnel they ay be of irregularly or nonpunctually, though -.#.'*#1AS' "E'. -'). as ne!er faced such a proble yet if anysuch proble arise than they first try to sol!e the throughdiscussion. After if such repeated discussion, no rearkablechange is found then the fir takes solid decision.

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INDEX


5 Introduction 99

4 Marketing strategy 9>

: "roduct planning 9?

; Market segentation 9

9 Ad!ertiseents 9@

> hannels of distribution >>

4 1rganiDational structure of financedepartent

>?

: -ist of financial accounts aintained >

; 1ther inforation >@

9 Sources of finance ? redit facilities ?5

? Manageent of working capital ?4

=inancial planning ?:

@ apitaliDation ?;

5< apital structure ?9

55 Balance sheet ?>

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INTRODUCTION

L=inance is the life blood of business. It is rightly teredas SI*#* 1= M1#*Y6. It is concerned with planning and

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=inance departent is well de!eloped in coparison of anyother departent in this fir.

1!er !iewing the organiDational structure of finance

departent, it would be better we go through what actuallyorganiDation eans. =irstly organiDation of authority, secondlydesigning the job structure, thirdly defining the responsibilities atall le!els, fourthly establishing structural relationship.

-.#. '*#1AS' "E'. -'). =ollows a siple organiDationalstructure of finance and accounting departent. 'he abo!e statedcharacteristics are well defined are considered widely in this

structure.

It is designed as below.

)*'AI-S AB1K' =I#A#IA-)*"A/'M*#'

MA#A$I#$ )I/*'1/

II*= A1K#'A#'I

ASS'. A1K#'A#'I

-*/0

LIST OF FINANCIAL

ACCOUNTS MAINTAINED

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'he following financial accounts are aintained by thisdepartent.

%5& ash book

%4& Bank book%:& $eneral ledger%;& reditors accounts%9& )ebtors accounts%>& Money receipt register%?& 'ra!eling account%& Staff deposit register%@& *(pense details register

%5


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Sources of finance eans fro where we can get the financeeasily.

'he resources are as followsT

5. Bank4. 1ther financial institutions:. /elati!es

BANKERS

- Bank of India %Main branch&

MA#A$*M*#' 1= =IN*) ASS*'S

=or anaging the fi(ed assets one person is appointed. edoes oiling and greecing per weak to the achineries.

CREDIT FACILITIES

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A successful sate progra is necessary to earning profits.ow e!er sales are not con!erting in to cash iediately. 'hereis tie between sold the goods and back the cash at this sae

tie. In business there is necessary to produced finished goodsso in business it is necessary for working capital in for ofcurrent assets. 3orking capital is also help in proble arisingout of the lack of iediate realiDation of cash against goodsold.

Sufficient working capital is necessary to run the business

soothly. 'o aintain sufficient working capital cash cycle ustbe well anaged.

In -.#. '*#1AS' "E'. -'). 'hey purchase the billfro bank and discounting the bill fro the party. By this waythey anage the working capital.

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FINANCIAL PLANNING

It is the process of estiating the fir6s future financial

re7uireents. It also refers to the source by which re7uireent canbe fulfilled. It also speaks about the fund flows when we get andhow to utiliDe and thus it co!ers the following acti!ities.

5& *stiating the fir6s financial re7uireent4& )eterining the source fro which the funds are to be

collected.:& )eterining the use of the funds.

'he re7uireents is based up on the sales of business and itsfuture de!elopent is to be considered with re7uireent of finance.=inancial re7uireent will co!er the re7uireent of fi(ed assets,

working capital, e(pansion of in!entory as well as for the payentof di!idend and interest to in!estors.

'he planning probles are the ost crucial point forfinancial anagers and top e(ecuti!es, in -.#. '*#1AS' "E'.

-'). Knder the instruction of Board of director, plans for financialre7uireents are prepared the fir adopts long ter as well as terplans as per the financial re7uireents.

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CAPITALIZATION

apitaliDation eans total accounting !alue of the capital

regularly eployed in the business. =or all practical purpose, it is aprocess of coputing, estiating and producing the present !alueof the fir. In short, capitaliDation is the su of total capital of thecopany, which is included in to capital structure. It co!ers publicshare, loans, debts, partner6s capital reser!es etc.

-.#. '*#1AS' "E'. -'). as obtained the capital frothe directors, bankers and fro reser!es.

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CAPITAL STRUCTURE

apital structure included the total capital of the copany.

'he total capital of the copany ay be su of owner6s capital. i.e.share capital reser!es and surplus etc. and borrower capital i.e.)ebenture, loans etc. e!ery capital has its when capital structurebecause the sources of funds are different in e!ery copany fore(aple, soe copanies ha!e only share capital while soecopanies ha!e share as well as debenture i.e. borrowed capitalsoe copany do not plan their capital structure, such copanyha!e to face difficulties in raising capital fro different sources. SoI is not necessary but desirable for e!ery copany to plan the

capital structure because it is a good way of raising capital.

-.#. '*#1AS' "E'. -'). Is pri!ate liited copany so ithas not issued public share. So all the shares are purchased by thedirectors of the copany .

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BALANCE SHEET

Balance sheet is not an account but a stateent prepared at

the last day of the financial year.Balance sheet has two sides naelyT-IABI-I'I*S %r.&ASS*'S %)r.&

Balance sheet can be prepares in two waysa. 1/IW1#'A- =1/Mb. E*/'IA- =1/M

'he two sides of balance sheet includes following particulars.

a. -IABI-I'I*S.

5. SA/* A"I'A-

A& authoriDed capitalB& issued capital& subscribed capital)& paid up capital

4. /*S*/E*S C SK/"-KS:. S*K/*) -1A#S;. K#S*K/*S -1A#S9. K//*#' -IABI-I'I*S A#) "/1EISI1#S

b. ASS*'S

5. =IN*) ASS*'S4. I#E*S'M*#'S:. K//*#' ASS*'S ,-1A#S C A)EA#*S;. MISS*--A#*1KS *N"*#)I'K/*N. "/1=I' C -1SS A1K#'.

'he -.#. '*#1AS' "E'. -'). as started in =ebruary 4


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'hus, Balance sheet is not being prepared by the copany.

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SWOT ANALYSES

5& Strength+ *fficient huan resources loyal productproduce efficient arket syste.

4& 3eakness+ 'ie consuing decision akingprocedure

:& 1pportunity+ Market opportunity if indigenous productde!eloped

;& 'hreats+ heap Iports

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CONCLUSION

In India, the new go!t. policy of liberaliDation has generatedthe growth prospectus of the casting products6 industry. 'oday,India has entered into the global arket in e(port of castingproducts . -.#. '*#1AS' "E'. -'). "lays a doinant role inthe Indian Industrial econoy.

I ha!e coe to the conclusion with the following points thatstand responsible for the success of the copany in !ery shortperiod.

'he for of the copany organiDation is the ost suitable to-.#. '*#1AS' "E'. -'). In producing different types ofcasting products.

'he copany is ideally located and all the re7uireents areeasily fulfilled.

It has shown rearkable progress in a!ery short period andcontains the sae.

All the decisions are taken by the M.). !ery effecti!ely and

efficiently.

In the end I con!ey y best wishes to -.#. '*#1AS'"E'. -'). 'o carry out their future plans successfully and progressore and ore.

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BIBLIOGRAPHY

5& "rinciple C "ractices of Mgt. -.M."rasad

4& 1rganiDation C Mgt. .B. $upta

:& Modern business Ad. /ichard

Documents

An Industrial Visit Report of Sandeep