Report Sgl 1

7/30/2019 Report Sgl 1

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Submitted by:-Abeda H. Piriya

S.Y.B.B.A


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BACKGROUND OF THE COMPANY

Steel co Gujarat Limited (SGL), an ISO-9002 and ISO-14001 company,

has been promoted by the CHANDARIAS of the international

COMCRAFT group.

SGL is having 200,000mt per annum installed capacity of Cold Rolled

Flat Steel and 30,000mt per annum installed capacity of Hot Dip

Galvanized Flat Steel products (an additional capacity of 50,000 MT

per annum HDGP is expected in March 2004)

The products of SGL are expected to over 50 countries and enjoy

highest reputation in terms of quality and timely deliveries.

The plant is equipped with the latest in Cold rolling technology i.e.

super efficient 6 HI HC combination Reversing cold rolling mill form

Hitachi, Japan with the capacity to produce 200,000mt per annum.

In the present competitive market environment where, the Globalization

is taking place at a faster rate, the expectation of the customers are

changing from day to day & place to place and from customer to

customer .Product quality (Such as good surface finish, dimensional

tolerance well defined shape and desired mechanical properties),

customer satisfaction, lowest cost and delivery in right time are vital

factors for the survival of the future steel industry, SGL collective isdedicated to providethese at all times to there customer.

Situated at Palej, Dist-Bharuch, Gujarat, India (50kms from Vadodra

towards, Mumbai a National Highway No: 8) SGL with its special

strengths is into the steel world in its unique style as one of the major

players in the Indian Steel Industry.

Steel co is public ltd company.VISION

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The vision of SGL is Steel with quality.

MISSION

To achieve excellence in our products, services, process, systems,

environment, up gradation and above all customer satisfaction, that

goes beyond contractual obligatory.

MILESTONE OF SGL

1991, Foundation of SGL

15th July, Date of commission of the industrial plant with installed

capacity to produce 200000 MTPA (meter tone per annum)

12th August, Public issue of equity shares, SGL entered in

capital market. Plant project cost per Rs 180 crores.

April 1994, Full flagged production of CR coils & sheets.

12th April 97, commissioned galvanizing sheets & corrugated

sheets, used widely for roofing purpose.

4th March 99, celebration of first National Safety Day at SGL with

various competitions to commemorate the national safety day.

31st August 99, an amicable settlement with effect from 1/1/99

was signed between representatives of management and

workers.

26th June 2000, ISO 9002 certification from SGS international

22nd February 2001, Record production of 154.860 MT of

Galvanized sheets by The Galvanizing department.

May 2001, Record production of 2814.91MT was achieved by

the Galvanized department.

May 2001, Record dispatch of 2029 Tones of material was

established by the Galvanized exports during the month.

23rd May 2001, record production of 58.237 Tones in C shift by

the Galvanized department.

5th June 2001, Word Environment Day celebrated at SGL with

plantation of about 1000 and more sampling in its premises.

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17th Sep 2001, Celebration of Lord Vishwa Karma Jayanti

followed by a get to gather of all employees.

2002, One more rose added to a boo key of roses, ISO 14001

certificate from SGS international.

INVESTMENT IN PLANT & MACHINARY

The investment in plant & machinery is 240 crores.

PRESENT PROFILE

BOARD OF DIRECTORSMr. R. P. Chandaria : Director

Mr. Rashmi Chandaria : Director

Mr. S. C. Sheth : Director

Dr. R. S. Mamak : Executive Vice-Chairman

Mr. N. M. Mohnot : Dy. Managing Director

REGISTERED OFFICE & WORKSPlot NO.2, GIDC Estate, National Highway No.8

Palej - 392220, Dist. Bharuch, Gujarat

REGISTAR & SHARE TRANSFER AGENT

1st floor, 308, Jaldhara Complex, opp. Manish Society,

Off Old Padra Road, Vasna Road, Vadodra 390015

BANKERS

State Bank of India

State Bank of Mysore

Bank of India

Canara Bank

STATUTARY AUDITORS

M/s.Mukesh M. Shah & Co.

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Chartered Accountants, Ahmedabad

FUTURE EXPANSION PLANS

Company is installing - HI MILL which is under construction.

PRESENT MANPOWER STATUS

338 Permanent employees

No trade union

Settlement with workman is under process

No industrial disputes

Overall IR cordial

TYPES OF COMMUNICATION CHANNEL

3 types of channel

Formal

Informal

Communication media

SGL has use formal communication channel with top to bottom

for related matters.

COMMUNICATION EQUIPMENT

Telephone

Mobile

Internet

Courier

Manual

PRESENT PRODUCT MIX

SGL produces mainly two types of products:

1. GI (GALVANIZED)

COILS

Thickness range - 0.12 mm to 0.80 mm

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Length 6 to 12 ft as per customer

Width 500 mm TO 1000 mm

CORRGATED SHEETS

Thickness range 0.12 mm to 0.80 mm

Length 6 TO 12 ft as per customers choice

Width 665 mm to 900 mm

PLAIN SHEET

Thickness range 0.12mm to 0.80mm



Weight 3 mt to 5 mt

2. CR (COLD ROLLED SHEETS)

The plant is capable to produce CR FULL HARD & CRCA

STEEL/COIL SHEETS.


Width 125 mm to 1250mm

Cut length 500 mm to 3660 mm

Coil weight As per required (10 ft max.)

Sheet packed weight As per order (4 mt max.)

Surface finish Matt as well as bright finish

Temper AS per order

Packing standard As per customer order

COMPETITIVE SCENARIO (REGIONAL &

GLOBAL)

The major competitors of SGL are:

ESSAR STEEL LTD.

ISPAT INDIA LTD.

SAIL

TISCO

JINDALRUCHE STEEL LTD.

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HERO CYCLE

NSL (NATIONAL STEEL LTD.)

BHUSAN STEEL

UTTAM STEEL

GLBAL competitors are:

MITTAL STEEL

POSCO (POHANG STEEL COM.)

KOBE STEEL (JAPAN)

NIPPON STEEL (JAPAN)

VS STEEL

RAW MATERIAL SUPPLIERS

ISPAT Industries ltd.

ESSAR steel ltd.

ORGANISATION CULTURE

No industrial disputes

Timely payment of wages / salary

Periodically training & development programme

Welfare activity

Implementation of safety matters

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DEPARTMENTAL STUCTURE

MAJOR ACTIVITIES

Collection of production orders from the marketing department

Analysis for availability & procurement of raw material

Yield & efficiency analysis

Material information reports generation

System development

Co ordination with various department Lay outing production programmes

TYPES OF PRODUCTS AND THEIR

SPECIFICATION

SGL produces mainly two types of products:

1. GI (GALVANIZED)COILS

SR.MANAGER

DY.MANAGER

Asst.MANAGER

DEO DEO DEO

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Thickness range - 0.12 mm to 0.80 mm


Width 500 mm TO 1000 mm

CORRGATED SHEETS


Length 6 TO 12 ft as per customers choice


PLAIN SHEET

Thickness range 0.12mm to 0.80mm



Weight 3 mt to 5 mt

2. CR (COLD ROLLED SHEETS)

The plant is capable to produce CR FULL HARD & CRCA

STEEL/COIL SHEETS.


Width 125 mm to 1250mm

Cut length 500 mm to 3660 mm

Coil weight As per required (10 ft max.)

Sheet packed weight As per order (4 mt. max.)

Surface finish Matt as well as bright finish

Temper AS per order

Packing standard As per customer order

RAW MATERIAL USED

SGL is mainly manufacturing CR sheets & GI sheets. The basic raw

material, which used to manufacturing or sheets, is HOT ROLLED

SHEETS, which is produced by the ESSAR STEEL LTD & imported

from the JAPAN & RUSSIA.

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The raw material used to manufacture Galvanized plain &

corrugated sheets mainly for roofing purpose is COLD ROLLED

SHEETS, which is manufactured by the company itself.

BRIEF EXPLANATION ABUOT PRODUCTION

PROCESS & ITS FLOW CHART

FLOW CHART:

The entire production process is spread over the following areas

EXPLANATION:

1. HOT ROLL SLITER

The HOT ROLL COILS as soon as they enter in the factory

gate, they are taken to the HRS LINE, in HRS LINE uneven

edges of the coils are cut down from both the sides. The main

aim of HRS is to slit HR coils as per the customer requirement.

HOT ROLL SLITER

CONTINOUS PICKLING

LINE

COLD ROLLING MILL

ELECTROLYTIC CLEANIG LINE

BELL ANNEANING FURNASE

COLD ROLL SLITER/ CUT TO LENGTH

PACKING

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2. CONTINUOUS PTCKLING LINE (CPL):

In CPL, the HR coils are firstly, passed through a tank which

contain HOT WATER for rinsing. After this, the coil is passed

through three water tanks one by one, which contains HCL &

FE, for removing all the rusting. The coil is then passed though a

water tank, this is done to remove the acid, which is on the coil

due to various treatments. The coil is then dried with the help of

HOT BLOWING AIR. The coil is then oil free & it is ready to go

to the CR mill for rolling purpose.

3. COLD ROLLING MILL:

The CRM is the heart of the industry, because this is, where

most of the important process takes place i.e. converting HR

coils into CR coils.

The CRM at the Steel co. is also known as the 6-hi mil. The

purpose of CRM is reducing the thickness of HR coils by 90% to

92%.

4. ELECTROLYTIC CLEANING LINE(ECL):

To make the CR coils soft, it is to be passed through ECL,

because the oil material coming out from the CRM cant be

given for heating or annealing , which is the next step, thus for

removing all the water & acid present on the sheet with the help

of chemical treatment, EC is done.

5. BELL ANNEALING FURNASE(BAF):

Annealing means to heat the CR coil. As per the CR coil is

manufactured in CRM, there is some stress developed in coil,

which makes it here so, Annealing is done to make the coil soft

by removing the stress.

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5. COLD ROLL SLITTER/ CUT TO LENGTH(CRS/CTS):

The purpose of the slitter is to trim the strim as per the customer

requirement. If customer requires the final product in sheet from

it is cut in the requires length by CTL machine. The functioning

is the same as of the HRS.

Now, after all these functions the COLD ROLLED SHEET is

ready as a finished for packing.

TYPES OF THE MATERIAL HANDLING EQUIPMENTS

USED

EOT cranes

Mobile cranes

Industrial cranes

Coil car

Wooden pallets

Conveyer belts

Automated guided vehicles system

INVENTORY MANAGMENT FOR RAW MATERIALS

- The raw material, which is used to produce CR sheets, is HR,

which is very costly. Raw material carries cost so proper control of raw

material is essential.

- For managing raw material SGL considers optimal level and

according to optimal level, production people plan for raw material

minimum 2/3 days buffer stock

- They maintain minimum 2/3 days buffer stock to cope up with any

uncontrollable emergency

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INVENTORY MANAGMENT FOR FINISHED GOODS

Production department produced according to marketing orders.

SGL has to fulfill the orders on the finished date and in required

specification for this purpose, company has managed finished goods.

As, finished goods for SGL carries higher cost, it is always under the

observation so in Steel co. production lines are planned in such way

that material produced is as per the requirement if accenting offer and

converted into sales.

PPC dep. manage that there is no blockage of money in excess

finished goods.

CO ORDINATION BETWEEN;

PPC & MARKETING

The PPC Dept. has to coordinate with the marketing dept. so

that they can know about demand of final product. The

marketing dept. gives the orders & production schedule to the

PPC dept.

STORES & PPC

After receiving incoming material stores dept. gives inspection

calls to production people. Production people inspect the raw

material. They approved it, if material is as per requirements and

with the approved raw material, stars the production process. If

raw material is not as per requirement, it is returned to the

supplier.

PPC & DISPATCH

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PPC plans for production according to marketing orders. After

production process is finished, the finished products are sent to

the customer with the help of dispatch dept. PPC interact with

the dispatch to know what materials is dispatch & what is lying

with the company.

PPC & ENGINEERING

The PPC dept. personally contacts with the engineering persons

& tells then about the engineering services required for

maintenance of machines. PPC gives in advance the list of

preventive shut down to the engineering dept. & tell them to take

the measure for it. Engineering dept. gives maintenance

services as per the list given by PPC.

CHARACTERISTICS OF FINISHED GOODS:

CR PRODUCTS:

THICKNESS RANGE: Minimum - 0.14mm (0.0055inches) &

maximum- 2.000mm (0.0974 inches)

WIDTH RANGE: 100mm to 1295mm (slit edge)

750mm to 13000mm (cold mill edge)

LENGTH: 500mm to 4000mm

GP/GI PRODUCT:

Thickness range before coating 0.14mm to

1.50mm

Width before corrugation 750mm to 1250mm

Width after corrugation 66.5mm to 880mm

Length 1000mm to 3660mm for plain sheet

6ft to 12ft corrugated sheets.

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QA MEASURES:

For the customer satisfaction quality assurance measures are very

important for the organization

In SGL, QA measures are taken systematically first of oncoming

material are checked RM, start the production process and for the

quality assurance instruction are given to the operators. After that

production process, finish goods are checked for this purpose, there isa quality system. In quality system, there are some standards,

specification and instruction.

If finished goods are not the right quality, then reasons for non-

conformity are find out. Then corrective actions are taken so that

products, which are going outside from the company, are of right

quality.

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DEPARTMENTAL STRUCTURE AND ALL ACTIVITIES

FUNCTIONS OF TIME OFFICE

The main activities of the time office are

To keep a track of all employees incoming and outgoing

movement

To issue the gate pass

To issue the employees card no.

To prepare and record attendance report

To prepare and record outdoor slips

To prepare file for employees who have forgot to punch the

attendance cards

To prepare salary slips for employees

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VICE DEPARTMENT

SR.MANAGER

DY.MANAGER

SR.OFFICER

OFFICER


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DETAILS IN EMPLOYEES PERSONNEL FILE, ETCPersonnel file is comprised data of an employee. This is kept in

personnel file.

CONTACT OF PERSONNEL FILE:

1. Application Blank

-Name of the employee

-Date of birth

-Designation, Address

-Nationality, status

-Qualification, Background

-Experience

2. Appointment letter

3. Joining letter

4. Evaluation letter

5. Medical fitness certificate

6. Recommendation his head

7. Confirmation report

8. Performance report

9. Increment report

HUMAN RESOURCE PLANNING, RECRUITMENT AND

SELECTION

- Firstly P&A Department forward manpower requisition form

to all the HODs, who need manpower.

-They fill up the form and return to P&A Department with

necessary approvals.

-Then P&A Department will conduct campus interview or call

candidate through advertisement

- After scrutinizing the P&A Department will shortlist

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candidate for preliminary interview.

- After selection of candidate P&A Department will issue

them an offer letter.

RecruitmentSGL uses external as well as internal sources

A. EXTERNAL SOURCES

-ADVERTISEMENT

- Campus Interview

- Consultants

- Word of mouth/reference from the list of apprentice

B. INTERNAL SOURCE

- Promotion

- Transfer

PERFOMANCE APPRAISAL SYSTEM FOR DIFFERENT

LEVELS

Performanceappraisal is conducted ones in a year by HOD

List of employees are updated every month and date for sendingappraisal form is checked.

Appraisal forms for staff and workmen with necessary personal

details are sent to respective department for evaluation.

During the evaluation individual weak area identified and the

proper training is provided

The forms filled with comments are return to P&A Department.

P&A Department forward the completed to the M.D for finalapproval and selection.

Then on receiving the approval, P&A Department prepare

Increment/promotion in duplicate.

- Duplicate copy is filled in employees personnel file

TRAINING AND DEVLOPMET ACTIVITIES INCLUDING

FEEDBACK PROCESS Training is very important function of P&ADepartment

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Training and Development is systematic process in SGL

According to P&A report employees training need are identified

Whenever a person from managerial supervisor level attends

training programme, he has to submit a training feedback report tothe P&A Department

TYPES OF TRAINING PROGRAMME FOR EMPLOYEES

AND VOCATIONAL TRAINEES

The employees are gained from the type of training programmes

conducted at SGL. Some of the programmes are:

Positive attitudes

Supervisory skill development

Fire safety awareness

Team building

Industrial safety & good

House keeping

Finance for non finance

Cost benefit analysis

AVERAGE TRAINING MAN - DAYS/HOURS PER

EMPLOYEES:

SGL has giving on an average monthly training to 13 people

PROMOTION AND TRANSFER POLICY

In SGL employee are entitle to annual increment based on their

performance and evaluated by their department heads

SGL has adopted seniority cum merit based on promotion policy

SGL has adopted following criteria for the employees based on

promotion seniority cum merit:

Employee with minimum 2 yrs service from the last promotion with

excellent rating

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Employee with minimum 3 yrs service from the last promotion with

very good rating.

Employee with minimum 4yrs services from the last promotion

with good rating Employee with minimum 5yrs from the last promotion with

average rating

TRANSFER POLICY

The company has right to transfer any employees to any utilizing

employees in better way. The P&A department

WELFARE ACTIVITIES

CANTEEN

The SGL has provided subsidized canteen for all employees of the

company. Meal in the canteen is available by tendering a coupon of

Rs. 4/.Tea twice in each shift is served to all the employee of company

at their workplace.

UNIFORM/SAFETY SHOES/SAFETY HELMENTS

All employee and executive in plant are provided to pairs of stitched

uniform once in a year. The uniforms are normally distributed in the

month of January. All plant employees are issued safety shoes once in

a year during the month of April. All employees have been given safety

helmets for protection against head injuries.

MEDICAL SERVICES

In case of accident during duty hours, employee can avail of the

services of VIVEK HOSPITAL, PALEJ & PRAMUKH SWAMI

HOSPITAL, BARODA.

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WAGE AND SALARY STRUCTURE

Based on the attendance of employee the salary and wage are

prepared by P&A Department. The staff and executive are paid salary

by 5th of every month, whereas the workman and trainers are paid

salaries on 7th of every month. The salary of executive and staff are

deposited in saving bank account. The bank account can be open with

UTI Bank, Bank Of Baroda & HDFC Bank.

INDUSTRIAL RELATIONSHIP ENVIRONMENT

There is no individual dispute pertaining to IR. At SGL overall industrial

relations are cordial.

CAREER DEVLOPMENT PROGRAMME

Objective: It is the objective of the company to encourage employees

to acquire higher education and to reward them as a token of

appreciation.

Acquiring higher qualification/training will improve the skill of the

employee for self development and for sharing higher responsibilities.

ACTIVITIES CARRIED OUT TOWARDS ORGANISATION

DEVLOPMENT

- Training and Development activities

- ISO 14001

- Environment, Health & Safety

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- Cooperative Team Work

ADMINISTRATIVE ACTIVITIES TRASPORT, SECURITY,

etc.

1. TRANSPORT

Company has provided facility for all the employees

Commuting BARODA to PALEJ & BHARUCH to PALEJ.

2. SECURITY

Security is other function of P&A department in SGL

Security person keeps the records of all incoming and

Outgoing person, vehicles, material and finished product

COMPUTER APPLICATIONS IN HR AND SOFTWARES

USED TO ASSIST IN HR MANAGEMENT FUNCTIONS

SGL has full fledge EDP which has developed an internal HR

management tool based on FOX PRO application which takes care of

the internal requirement HR Department and above these they have

also MINI PROGRAMME devised by staff Department. Internal

computer related requirement

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STRUCTURE

FUNCTION OF ALL DEPARTMENTAL

EMPLOYEES

1. BANKING

Opening of letter of credit in favour of suppliers.

To prepare reconciliation.

To prepare daily management of funds (payment for collection

of the bank)

To check the monthly interest calculation.

Correspondence with banks for daily day- to-day work.

2. SALES

Preparation of debit note & credit note.

To prepare duly booking of sales.

To make monthly sale summary

Preparation of documents against inland & export

3. PURCHASE

Passing & checking of supplier or of invoice

Monthly summary of purchase

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4. TAXTION

Calculation of tax in timely deposit into Government

Submission of various returns

BUDGETORY CONTROL METHOD/SYSTEM1. BUDGET MANUAL

SGL has not prepared any budget manual.

2. BUDGET PERIOD

SGL budget period is prepared on yearly basis from 1 April to 31st

March.

3. PRINCIPAL BUDGET FACTOR

SGL use three factors like Sale

Production

Efficiency

Cost

4. BUDGET CENTERS

SGL has use five center of budget like

Production

Material

Marketing

Finance

Personnel & Administration

ACCOUNTING METHOD/SYSTEM

SGL follows accrual accounting method/system.

COSTING OF THE MAIN PRODUCT

SGL produce two types of product CR & GI

SGL follows marginal costing based on contribution.

BREAK EVEN ANALYSIS & ALSO ITS USE FOR

MAKING DECISION, IF APPLICABLE

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SGL has make 12500MT production capacity every month & 10000MT

production capacities, which is the break even point of SGL.

LONG TERM & SHORT TERM FINANCE

The main source of finance for the SGL are:

SOURCES

1. Promoters

2. Banks

3. Financial institution

1. PROMOTERS

Chandarias as comcraft group

HE gave 24 crores to SGL

2. BANKS

State bank of India

Bank of India

Canara bank

State bank of Mysore

State bank of Saurashtra

State bank of Hyderabad

The Federal bank Ltd.

3. FINANCIAL INSTITUION

ICICI

IDBI

IFCI

TYPES

LONG TERM LOANS

WORKING CAPITAL FINANCE

NON FUND (LETTER OF CREDIT)

WORKING CAPITAL MANAGEMENT

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1. OPERATING CYCLE

The operating cycle for SGL is 34 days

Inventory storage period 35 days

Account receivable 45 days

Account payable 46 days

2. ESTMATION OF WORKING CAPITAL REQUIRMENTS

SGL working capital requirement is accessed by the projected cash

flow for a particular month.

3. CASH MANAGEMENT

Cash budget is prepared every year

SGL prepare, control & monitoring cash inflow and cash outflow. As SGL is having carried forward loss, but present SGL does not

have too much surplus of cash for any investment.

4. CREDIT MANAGEMENT

CREDIT POLICY ( FOR CR , GI PRODUCTS)

SGL gives credit for the period of 7, 15, 60, 90, days to the

general customers. They also give through HYUNDIA for the

same period to the reputed customer. Normally the business is done on cash sales basis where in

100% advance payment taken from customer and then

material is dispatched.

For existing old customer company has a credit limit for

individual customer against which dispatch are done within the

credit limit.

ANALYSIS OF CREDITAnalysis of credit in SGL is done by this way.

Through the balance sheet in case of public limited company.

Through the reputation of the customer in the market.

Through bank statement.

First of all, the representatives on behalf of SGL personally visit

to that party. Then dealer evaluation form filled up by the party. This

much information is enough for evaluating the customers. Through theweekly review of receivable statement.

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Credit control is being done through system & the material is

dispatched within the stipulated credit limits approved by the

management, Invoice is only done if the customer has the sufficient

credit limit sanctioned. If the same exceed, that in case of additional

amount has to be clear the lorry.

TAXES

TYPES

SGL use two types of tax.

1. Direct tax

2. Indirect tax

In Direct tax includes income tax.In Indirect taxes include sales tax, excise & customs.

RATES

INCOME TAX: - 30%

SALES TAX: - CENTRAL-2%

LOCAL 4%

CUSTOMES: - 12.5% (Depending upon material imported)

SERVICE TAX:-12.36%

EXCISE:-19%

PENALTIES

Company makes payment of tax regularly. So, they have not paid

any penalty.

MEETINGS

TYPES

AGM (Annual general meeting)

EGM (Extra ordinary general meeting)

BOD (Board of director meeting)

FREQUENCY OF MEETING

AGM

This type of meeting is done once in a year.

First of all companys secretary send notice to BOD

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After then companys secretary prepared agenda.

Then, Net 21 days notice is given to the shareholders.

EGM

This type of meeting is done for special purpose or the agent ifit is require for the company.

Net 21 days notice send

BOD

This type of meeting is done in every month. It should be done

for special purpose.

RECORD OF MEETINGIn SGL companys secretary is responsible for Record of the

meeting.

FINANCIAL MIS

In SGL financial MIS are:

Middle management to top management

To prepare monthly balance and profit & loss account.

To prepare variance analysis in every month.

To prepare various expenses.

COMPUTER SOFTWARE USED TO ASSIST IN

FINANCIAL MANAGEMENT

In house develop software is used.

It is develop FoxPro grass.

It is link with various departments

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STOCK MARKET DATE

MONTH HIGH LOW

April,2007 8.00 06.28

May,2007 08.39 07.00

June,2007 08.00 06.77

July,2007 08.60 06.20

August,2007 08.61 06.01

September,2007 13.80 07.76

October,2007 13.70 08.57

November,2007 13.12 08.80

December,2007 18.94 12.10

January,2008 23.30 10.95

February,2008 13.13 09.50

March,2008 10.25 06.31

SHAREHOLDING PATTERN AS ON 31/3/2008

78%

4%

16%

2%

Promoters

Banks,Fi's

Indian public

Mutual

funds&UTI

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RATIO ANALYSIS

1) Current Ratio = Current Asset

Current Liabilities

12,046.17

(2008) = 12,198.09

= 0.99:1

(2007) = 11,759.37

11,207.77

= 1.05:1

2) Liquid Ratio = Liquid Assets

Liquid Liabilities

= 8,158.55

(2008) 12,198.09

= 0.67:1

7,687.09

(2007) 11,207.77

= 0.68:1

3) Acid Test Ratio = Quick Assets

Liquid Liabilities

463.56

(2008) = 2,198.

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= 0.04:1

= 437.82

(2007) 11,207.77

= 0.44:1

3) Proprietary Ratio = Proprietary Funds

Total Tangible Assets

(2008) = 4,744

19,894.57

= 4.18:1

4,744.63

(2007) = 20,529.29

= 0.23:1

4) Debt Equity Ratio = External Equities

Internal Equities

19,860.6

(2008) = 4,774.63

= 4.18:1

19,432.72

(2007) = 4,744.63

= 4.09:1

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5) Gross Profit Ratio = G.P. X 100

Net Sales

826.21 X 100

(2008) = 34,700.49

= 2.38 %

758.71 X 100

(2007) = 36,119.08

= 2.10 %

6) Return On Capital Employed = EBIT X 100

Capital Employed

= 826.21 X 100

(2008) 9,731.86

= 8.49 %

758.71 X 100

(2007) = 9,760.6

= 7.77 %

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ACTIVITIES

Implementation of ISO 9002 in the Department.

Coordination with H.O. to arrange material for the customers and

look after to meet their day to day problems and to develop the

market.

Coordination with plant personnel for timely execution of the

orders.

Coordination with shipping lines and customer house agent and

preparation for export documents.

Arranging third party inspection as and when required

Preparation of job sheets as per customer requirement.

LIST OF COMPETITORS AND DIFFERENCE IN

COMPANYS PRODUCT FEATURES vs. COMPETITORS

In INDIA major competitors are:

ESSAR STEEL LTD.

UTTAM STEEL LTD

ISPAT INDIA LTD.

TISCO

JINDAL

HERO CYCLE

NSL

GLOBAL COMPETITORS

MITTAL STEEL

POSCO STEEL

KOBE STEEL

NIPPON STEEL

US STEEL

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BRANDS AVAILABLE AND COMPARATIVE PRICES

STEELCO manufactures CR sheets and Galvanized sheets. There is

nothing about brands. Only for Galvanized Iron sheets, there are camel

bands.

Prices are decided by taking into consideration the cost for that rolled

sheets .i.e. raw material, processing cost &transportation cost and

taking into consideration the incentives, which are given by the

government to STEEL CO.

DIFFERENCE IN COMPANYS PRODUCT FEATURES VS.

COMPETITORS:

TATA JINDAL NATION

AL

STEELC

O

UTTAM

ISI YES YES NO NO NO

QUALI

TY

EXECELL

ENT

EXCELL

ENT

FAIR AVERAG

E

AVERA

GE

PRICE HIGEST HIGEST HIGH LOW LOW

ISO YES YES YES YES YES

BRANDS AVAILABLE AND COMPARATIVE PRICES

STEELCO manufactures CR sheets and Galvanized sheets. There is

nothing about brands. Only for Galvanized Iron sheets, there are camel

bands.

Prices are decided by taking into consideration the cost for that rolled

sheets .i.e. raw material, processing cost &transportation cost and

taking into consideration the incentives, which are given by the

government to STEEL CO.

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DISTRIBUTION CHANNEL OF THE COMPANY VS.

COMPETITORS

For exporting products, there is direct channel of distribution i.e. zero

level of distribution. Sometimes there is agents between SGL &buyers

i.e. one level

Distribution channel for Domestic sales is also zero level andsometimes there is TWO levels Distribution Channel. There are

Dealers and Retailers between the SGL and users.

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PROMOTIONAL MEASURES

SGL contacts with customers through Fax/E-mail.

Advertisement in steel related magazines.

SGL give pens, diaries and gifts to customer on some festival.

CUSTOMER SATISFACTION MEASURE AND

IMPORTANCE OF CUSTOMER FEEDBACK

For SGL, customer satisfaction is very important. For this

purpose they do all efforts they can. But in case if there is any

complaint from the customer then they take prompt response to

complaint.

If there is complaint about the quality of the products then SGL

sends their quality assurance people for checking the quality

and keeps in mind the customer feedback that such complaints

will never come in future.

POSITION OF THE COMPANYS PRODUCT IN PLC

In case of SGL products are in the growth stage.

SALES VOLUME

- 500 meter tone per month

SALES REVENUE

- 500 Crore per year

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TARGET MARKET & SHARE

Target market

For export market- Africa

- South America

- East Asia

For Domestic market

- Gujarat

- Rajasthan

- Maharashtra

Market share

Market share of SGL in export market is70%

Market share of SGL in domestic market is 30%

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STRUCTURE

ACTIVITIES

The main activities of purchase department are to ensure the right

quality product is in the right quantity at the right price and at the right

time. Also to ensure that sub-contractors/vendors are motivated to

deliver 100% on time all the time.

PURCHASE PROCEDURE

Requirement of product to be purchased are specified and

documents in terms of drawing, specification,& standards etc.

Applicable or as specified by user department through purchase

indent.

Purchase department sends tender with specific requirements to

the different parties.

After that parties will offer to the purchase department with its

terms & condition.

Parties are selected on the basis of one or more of the following

method:

-- On site visit

-- Two years past performance of supplying similar product

-- Market reputation

-- Party who offer the lowest cost

Before the release of purchase order to the parties, quotations

are obtained from parties supplying similar products.

44

AGM

MANAGER MANAGER

PURCHASE ASSISTANTPURCHASE ASSISTANT


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All purchase orders are released on approved parties only.

Purchase orders are distributed to the concerned departments

as mention in purchase order. A copy of the purchase order is

required in the purchase department for records. Suppliers deliver the order or user found that order will complete

or acceptable.

If it is complete and acceptable then they record in G.A.R.N

(Goods Acceptance Rejection Note)

Then G.A.R.N. is sends to the Finance department for payment

and one or more note sent to the Production and Quality

department. After that joint form is submitted to the Finance department.

The purchase department is given schedule in advance, so that

they are able to meet the delivery schedule.

Lastly the goods are stored in store department and issue to the

user as per the requirement.

Purchase procedure is centralized.

ROLES PLAYED BY DIFFERENT PERSONS

Raw material procurement given by the production department

coordinate with the marketing schedule receives from the marketing

department. Indent receives at the store department to verify the

physical stock available with them. After remarks from the store,

purchase requisition is sent to purchase department gets various

quotation from the suppliers. After comparing supplier rate

purchase order is to be placed to the supplier who offers the good

quality at lowest rate, terms and condition as per companys

requirement.

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ORGANIZATION STRUCTURE

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ACTIVITIES

The store people received the material and make record of it.

To check all documents needed for receipt of any material and

inspection of all incoming material.

To prepare the goods inspection and rejection.

Co-ordination with department heads for procuring proper

material.

Finally making payment to the supplier.

TYPES OF STORES

Coils & spares ENGINEERING STORE

Gas /Heavy items /coils OPEN YARD

LOD /HCL STORAGE TANK

MATERIAL HANDLING IN STORES

Cranes

Hand pallet trolley

Manual

STORAGE PROCEDURE

Purchase indents for capital and spares items are issued by

user department.

Al purchase indents are routed through stores to check the

availability or stock in hand.

47

MANAGER

STORE OFFICER

STORE KEEPER STORE KEEPER

STORE OFFICER


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All items are received inside the factory gate where the entries

are made.

After that all the items are verify/checked.

If all items are complete and acceptable then it is kept in storedepartment and then they are shifted to their appropriate

department.

MATERIAL CODING SYSTEM

Material coding is the system adopted by the several companies

instead of mentioning name of the material at the every stage.

Material coding may be in the form of numbering or numbering withalphabet.

STORES LAYOUT

INVENTORY MANAGEMENT SYSTEM

Inventory is classified as a consumable and spares and grouped thesame type of items together.

In SGL these items are further analyzed based on ABC analysis and

FSN analysis.

CLASSIFICATION OF MATERIAL

Items are group as fastners, bearing belt, electrical components,

equipment wise, spares are group together.

STOCK VERIFICATION

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These are three method uses for stock verification.

PERPETUAL i.e. REGULAR

PERIODICAL

YEARLYIn SGL daily 100 items to be check i.e. perpetual

High value items are checked by monthly, quartile or yearly basis.

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QUALITY ASSURANCE DEPARTMENT

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The main aim of Quality Assurance Department is to given assurance

of final product quality to the customer to assure that all the process

promoters are under tight control and to ensure that no non-conforming

product is passed on to the next stage of processing. Quality

Assurance activities involve checking incoming raw material,

continuous on line inspecting at all processing lines, chemical analysis

of all process parameters and mechanical physical testing to ensure

that the product produced is as per the customer satisfaction. Quality

Assurance Department is also involved in providing customer service

and spear heading the process of implementation of ISO 9001

activities in the company.

ACTIVITIES OF QUALITY ASSURANCE

DEPARTMENT:

Inspecting testing and measuring equipments

Calibration of process equipment in C.R.M

Weighing scale and load cell

The main activities of QAD is to give assurance that the product

is as per the customer requirement

Improving product efficiency by cost control

Checking in coming raw material

Continues on the inspection at all processing line

Usage of yield optimization

Chemical analysis all parameters

Mechanical and physical testing to ensure that product is as per

the customer requirement

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ORGANITION STUCTURE

TYPES OF INSTRUMENT USED

NAME PUPOSE

Spectrometer

Roughness Meter

Sample cutting

machine

Rockwell HardnessMachine

Universal Testing

Machine

Vickers Hardness

Testing Machine

Erickson cupping

Machine

Hand fly Machine

Chemical analysis

Roughness checking

of sheet

Sample cutting

Hardness testing

Comprehensive testing

Hardness testing

Draw ability testing

Sample cutting

D.G.M.

A.G.M.

Jn. Asst. Mgr

Chemist (2)

Inspector (14)

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PH Meter

machine(Die Punch)

PH Measurement

METHOD OF CALIBRATION

Quality Assurance Department shall identify the testing

,inspection and measuring equipments for which calibration is

needed and ensure that the calibration is done on specified timeand to maintain a list of all these and also the scheduling of

calibration is done.

HODS of the production unit shall identify the process control

equipments and ensure that either the instruments are sent to

approve laboratories or in-house calibration is done by

electrical /mechanical maintenance department.

Concerned department shall maintain all the reports related to

calibration.

Calibration of weighting scale is done by the external agency

and the P&A department maintain the records.

Also mill operators shall do the standardization of gamma ray at

8Hi mill and records will be maintained.

Concerned department shall ensure proper handling

preservation and storage of all equipments needing calibration

so that the accuracy and precision for use is maintained.

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Scheduling of calibration is done depending upon antic ling of

use and usage frequency.

PARAMETERS TESTED IN THE LAB

ACID AND IRON ANALYSIS

Sampling Specified value Actual value

point HCL% FE% HCL% FE%

Tank-1 1.5-6.0 18-20 1.50 15.50

Tank-2 6.0-14.0 6.0-14 7.50 12.50

Tank-3 10.0-18.0 2.0-10 11.50 6.50

RINSE WATER ANALYSIS

Sampling Specified value Actual value

PH CHLORIDE

(PPM)

PH CHLORIDE

Tank-4 6.5/7.2 40 Max. 6.18 56

6-HI MILL

Sampling Parameter Specified Actual

PH 5.5 - 6.2 5.36

GAS PLANT

Sampling Parameter Spec. value ActualO2 (10pip max.) No meter

H2 1.5 to 4.5 5.5

Dew point 48-degree

max.

- 45.1

EFFLUENT TREATMENT PLANT:

Sampling Parameter Spec. value Actual

Treated PH 6.5 - 8.5 7.90

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water

DISPATCH & LOGISTIC DEPARTMENT

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DEPARTMENTAL STRUCTURE

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ACTIVITIES:

Basic aim is to preserve maintain in good condition and ensure proper

loading of the material so, it reaches to customers in good, safe and

usable condition.

As per delivery order loading

Weightiest checking

Preparation of loading slip

Dispatch report

MODE OF DISPATCH

In Steel co. G. Ltd. Has 2 types of market

Domestic market

Export market

Mode of dispatch:

For domestic market By road.

For export market By road till the Bombay after by sea

INCHARGE

Packing&DispatchDep.

Data EntryDep.

Road,side

Weight

DispatchOfficer

Sr.Assistant

Shift 1, 2, 3

ComputerOperator

Operator

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SOUCES OF MODE OF DISPATCH

Trucks

Tailors

Containers

Ships

Procedure

Delivery order required from marketing dep. It contains party

name, destination, order acceptance no., order size, quality (max

& min) and D.O. validity data.

Marketing dep. for different destination arranges transport

Checking and verification of lorry documents, which comes for

loading is done at main gate security dep.

Trucks are serial wise called for loading at loading point

In presence of transport supervisor, loading of right is done

A loading report is made

Outside regiment is done to get total Gr. Wt. A computerized

regiment slip is given to dispatch dep. to verify internet Gr. Wt.

After verified the regiment slip is attached with loading report &

send to excise dep. for invoicing.

Incase difference in weight after verification exceeds 0.5% of

gross weight, a total verification is carried out. Data wise sales report is made

FORMATE OF DISPATCH

Finished goods report

Order status report

Daily production report

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Packing and dispatch log book

Trucks loading report

Weightiest slip

Sales report

Daily packed coil list

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INTRODUCTION OF THE STUDY

Job satisfaction is the result of various attitudes possessed by an

emoloyee.In a narrow sense, these attitudes are related to the job and

are concerned with such specific factors as wages, supervision,

steadiness of employment, condition of work, advancement

opportunities, recognition of ability, fair evaluation of work, social

relation on the job, prompt settlement of grievances, fair treatment by

employer and other similar items.

Employee satisfaction is the necessity of the company. The various

needs of employees are physiological needs or basic needs (i.e., food,

clothing shelter), safety or security needs, social needs, esteem needs.

(i.e., self respect) and self organization needs. Every organization must

help the employees to satisfy all the requirements. Satisfaction of

performance is often related, but the precise effect on one another

depends on the working situation & the people in it.

Thus, the term Job satisfaction has been taken to include not only

personal satisfaction with work but also efficiency and satisfactory work

relationships. Infact optimum labour productivity, minimum per unit cost

of productivity and maximum personal satisfaction have come to be

universally considered as goals of job satisfaction.

One of the ways in which the effectiveness of an organization can bejudged is in terms of willingness of the worker to stay in the

organization and attend to his work regularly. This dimension of worker

behaviour has also been to be closely associated with his job

satisfaction. Persons well satisfied their job content pay, status and the

company is less likely to leave the organization and they are also likely

to attend their work more regularly.

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BACKGROUND OF STUDY

Satisfaction is important to raise the performance and adaptability of

the employees in the organization. Decrease in productivity, profits or

job performance is due to dissatisfaction of employees. The main aim

of every employee is to coordinate properly by the supervisor, proper

environment and ventilation, proper wage & salary, work is to be fairly

distributed, proper communication skills and all are treated equally.

Even when the employees have any queries that much authority is to

be given to them so that may clarify their queries.

Thus, in this rapidly changing society, the demand of all the employees

also increases. So, the organization tries to keep in mind all the

necessities of the employees.

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IMPORTANCE OF STUDY

Employees Satisfaction is vital importance as it gives the growth and

development in an organization. Productivity and profit margin will be

improved. Employee Satisfaction is beneficial for both the company

and employees as well. The following are the benefits:-

For Company :

Productivity can be increased.

Reputation and market value of the company improved.

Profitability also increased. Resources wastages also decreased.

Environment in the organization also increased.

As if all employees treated equally then ultimately quarreling can

be improved and then it leads to proper environment culture.

The company is benefited in the sense that higher quality

standards would be achieved and a satisfactory organizational

structure will be built up.

For Employees :

The employee would be having a better communication with

his superiors.

Work environment is also maintained thus results in proper

team proper team building amongst workers. Dissatisfaction, low absenteeism, complains, querries and

other problems will be reduced.

The problems of the employees would be taken care of by

the employees.

The employees also retain in the organization, they dont

search for another job. He is quiet much comfortable in the

organization. Employees feel that this company is their own company.

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OBJECTIVES OF THE STUDY

The objectives of these studies are as follows:-

To study practical aspect of job satisfaction and job delight.

To know the satisfaction level of employees regarding the

means used to communicate to them major policies, rules and

regulations & facilities of the company.

The main objective is fulfilling / satisfied all the needs or

requirements of the employees in the organization for long time. The recommendation will help to know the demand of the

employees.

To find out what level of job delight/satisfaction exists in the

employees of the organization.

RESEARCH METHODOLOGY

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RESEARCH PLAN:

My Research design consists of collecting of information about job

satisfaction. I have taken into consideration all the employees into the

organization.

SOURCE OF DATA:

I use primary source of data.

DATA COLLECTION METHOD:

Data collection method is most important in research. There are two

methods for research, primary & secondary method. I use primary

collection method. I have prepared questionnaire to get information.

FIELD WORK & EXPERIENCE

I have collected information from the sampling data.

SAMPLING PLAN

SAMPLING UNIT

Sampling unit helps in conducting research. I have asked

questions to employees and executives for conducting

research.

SAMPLING SIZE

The total no. of respondents in a sample is called sample size.

I have taken 20 as a no. of sample size.

DATA ANALYSIS & INTERPRETATION

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Q-1 Are you satisfied with your present job?

Satisfied Moderately satisfied Dissatisfied Total

24 6 0 30

80% 20% 0 100%

According to this chart, 80% of employees are satisfied with their

present job and only 20% of employees are moderately satisfied and

none is dissatisfied in SGL.

Q-2 Are you satisfied with your present salary?

66

Satisfaction with present job

80%

20%

Satisfied

Moderatelysatisfied

Dissatisfied


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6 6 18 30

20% 20% 60% 100%

20% of employees are satisfied with the present salary & 20% ofemployees are moderately satisfied but the majorities i.e. 60% of

employees are dissatisfied.

Q-3 Are you satisfied with welfare facilities?


6 10 14 30

20% 33% 47% 100%

67

Satisfaction with present salary

20%60%

20%

Satisfied

ModeratelysatisfiedDissatisfied


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As per above chart, 47% of employees are dissatisfied with welfare

facilities. Only 20% of employees are satisfied with welfare facilities.

Q-4 Are you satisfied with your colleagues behaviour?

Yes No Total

29 1 30

97% 3% 100%

68

Satisfaction with welfare facilities

20%

33%

47%

Satisfied

Moderately

satisfied

Dissatisfied

Colleague's behaviour3%

97%

Yes

No


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97% of employees are satisfied with their colleagues behaviour.

Q- 5 Do you feel proud that you are working in SGL?

Yes No Total

12 18 30

40% 60% 100%

69

Feeling proud

60%

40%Yes

No


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Only 40% of respondents feel proud that they are working SGL.

Q-6 Are you satisfied with the training programmes?

Yes No Total18 12 30

60% 40% 100%

60% of employees are satisfied with the training programmes

provided by SGL.

Q - 7 If you get better opportunity in another organization

then would you like to do work for SGL?

Yes No Total

6 24 30

20% 80% 100%

70

Training programmes

60%

40% Yes

No

Beter opportunity

80%

20%

Yes

No


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As per above chart, majority i.e.80% of employees think that if they get

a better opportunity in another organization they will not do work for

SGL. Only 20% of employees will like to do work for SGL.

Q- 8 Do you think that your job is per your expectation?

Yes No Total

18 12 30

60% 40% 100%

60% of employees think that their job as per their expectation.

Q -9 Reporting of day to day activities to your boss about your

job.


20 7 3 3067% 23% 10% 100%

71

Job is as per expectation

40%

60%

Yes

No

Reporting of day to day activities

67%

23%

10%Satisfied

Moderatelysatisfied

Dissatisfied


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67% of employees are satisfied with the activity of reporting of day to

day activities to their boss. Only 10% of employees are dissatisfied.

Q - 10 According to you which facility organization should

provide?

Majority of employees told that canteen should be improved.

RESULTS & FINDINGS

From the data analysis and interpretation shown above and by

interviewing the respondents personally in the company through

questionnaire, research has to come on to the following findings:

Majority of employees are satisfied with their present job.

Majority of employees are dissatisfied with their present salary.

Majority of employees are dissatisfied with welfare facilities.

Majority of employees are satisfied with the training programmes

provided by SGL.

Employees are satisfied with their colleagues behaviour.

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SUGGESTIONS

After doing survey the suggestions of the employees towards

improvement in overall company environment they are as follows:-

Welfare facilities like canteen & transport should be improved.

Library facility should be provided.

Need to make organizational chart, fixing/ defining

authorities and responsibilities.

Challenging task is to be given to encourage them.

Appreciation and guidance from superiors.

There should be good house keeping in plant.

Township facility should be provided.

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Salary structure should be revised.

A healthy co-ordination should be built between all the

departments.

CONCLUSION

It was really a very good experience in the company. I gain a lot ofknowledge which will be helpful to me in future also. Overall the culture

of SGL is good as everyone is supportive and coordinates with each

other.

Being a student of BBA, it is very important to get the practical

knowledge as well in the company. This summer training in SGL

helped me in achieving the required knowledge .I tried my level best

to take the advantage of this opportunity. I would like to thank SGL for

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inviting us for Industrial training. It is our please to get training in such

a reputed company. So, my sincere thanks to everyone in SGL who

spent their valuable time for me.

Documents

Report Sgl 1