ARVIND MANHAS

8/3/2019 ARVIND MANHAS

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TVS INTERCONNECTSYSTEMS LTD.

Under the guidance ofExternal Guide Internal GuideRajashekar Rai K N PROF. E. GEETHA VENUHead Business HR Department of ManagementTVSICS, Bangalore Programme, CMRIMS

Prepared by

ARVIND MANHAS10201014

AN INTERNSHIP REPORTON


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OBJECTIVE OF THEINTERNSHIP STUDY

To understand the functioning of theorganization & conduct SWOT Analysis

Enhance knowledge by interacting withcorporate people

To understand how management theories

are actually practiced


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COMPANY PROFILE TVSICS started its operations in 2000

Belongs to TVS Group of companies

Headquartered in Bangalore

Have more than 25,000 employees and revenue of over US$ 5 Billion

Manufacturer and service provider for telecom Industry

Major Market share

Alliances with International Companies

Products

1. Base station antennas

2. Coverage solution

3. RF conditioning devices Services

1. Telecom integration

2. O&M services

3. Value added services4. Total solutions provider


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CUSTOMERS OF TVSICS


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COMPETITORS

Rosenberger and Amphenol.

ANDREW TELECOM INDIA PVT. LTD

Synergy Telecom (P) Ltd

Manufactures base station antenna

ACE Mechatronix IndiaPrivate Limited

Inotek solutions Pvt Ltd.

Dolphin Solutions.


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FUNCTIONALDEPARTMENTS

FINANCE AND ACCOUNTING DEPARTMENT

1. Financing

2. Update Managers

3. TAX AUDIT

4. Finalization of Accounts

5. Preparation of Budget

6. Management of Investments and Taxes of Company

7. To Prepare Interim Financial Statements and Annual Final

Accounts8. Payroll

9. Cash collections and payments


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SALES AND MARKETING DEPARTMENT

1. Preparation of budget for various promotional activities

2. Ensures renewal of contracts

3. Creates advertisement material4. Works together with the management objectives

5. Identify important clients

HUMAN RESOURCE DEPARTMENT

1. Recruitment of Employees

2. Compensation

3. Human Resource Planning (HRP)

4. Performance Evaluation

5. Training and Development

PRODUCTION AND OPERATIONS DEPARTMENT1. Turn inputs (raw materials) into outputs

2. Quality control

3. Ensuring product made according to requirements


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SWOT ANALYSIS STRENGTHS

1. Brand name in the industry

2. The Indian telecom market is a high density area3. High growth rate

4. Company provides services to most of the leading companies of thecountry

WEAKNESSES1. Poor Telecommunication Infrastructure

2. Late adoption of 3G technology

OPPURTUNITIES1. 3G Telecom services and 4G services

2. New players are coming in operations for connectivity3. Upcoming big projects with operators

THREATS1. Telecommunication Policies - Market strongly regulated by

Government

2. Declining ARPU (average Revenue per user)


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FINDINGS

Function of HR is very essential. Company provides services to most of

the leading companies

Upcoming projects in future are 3G and4G up gradation

Space given to circle office is less

Facing the problem of chart of accounts

The company has less global exposure Organizational structure of the company

is confusing


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SUGGESTIONS

Disengagement of employees

Company should decrease the number of

accounts Circle office should be shifted

Initiate more global ventures

Organizational Structure should besimplified.


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SPECIAL TASK: MAJOR PROBLEM IDENTIFIED

Problems associated with Chart of Accounts1. Too many general ledger accounts

2. Too much detail in Selling General and Administrative Expenses

3. No departments, product lines or regional data tracked

Objective of the study1. To avoid confusion on which transaction comes under which

chart of account.2. To eliminate the errors in accounts.

SOLUTION FOR THE PROBLEM OF CHARTOF ACCOUNTS

1. Reduce the number of active accounts2. Reducing the number of departments

3. Reduce the number of accounts that are used to contain non-accounting information.

4. Restructure the chart of accounts numbering system


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Documents

ARVIND MANHAS