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Objective
The objective of this project Basic Accounting
& Financial Activities is to understand the
importance of finance and basic accounting in
any firm. Here the all effort is to know andobserve the functioning of finance and basic
accounting in the company and its effect on the
performance of the firm. As we know that
Finance is one of the four main pillars of any
firm and is very vital for the successful
functioning of all operations of the company.
The finance department deals with all the
monetary functions, capital budgeting &
planning and basic accounting in the company.
Here the whole purpose is to understand and tosee the application of basic accounting concepts
and principles into the practical and real
conditions within the company. How employees
perform their designated duties and how the
actual work goes on, what are the tasks that go
on during a regular day within the company etc.
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INTRODUCTION TO FAMILY
WADWA FAMILY
MR. TILAK WADWAAND MRS JANKI
WADWA
MR. MOHINDERWADWA AND MRS.KAILASH WADWA
POOJA SAMEER SONIA
MR.SURINDERWADWA AND MRS.PUMMY WADWA
SAGAR SINDHU
MR. BHARATBHUSHAN WADWAAND MRS. POOJA
WADWA
SURAJ SUNNY
Figure 1 FAMILY TREE
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SHARE HOLDERS IN COMPANY
Table 1 LIST OF SHARAHOLDERS AS ON28/5/12
1 Mr M K WADWA 17.80%
2 Mrs .PUMMY WADWA 18.62%
3 Mr TILAK WADWA 18.45%
4 Mr BHARAT BHUSHAN 16.47%
5 Mr S. K WADWA 5.93%
6 Mrs POOJA WADWA 1.65%
7 Mrs KAILASH WADWA 2.47%
8 Mr SAGAR WADWA 3.13%
9 Miss POOJA WADWA 1.65%
10 Miss SONIA WADWA 3.95%
11 Mr SURAJ WADWA 2.14%
12 SUNNY COSTS FOREIGN
LTD
8.24%
100%
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COMPANYs INTRODUCTION
Sagar lspat lndia Pvt Ltd , a Delhi basedmanufacturing entity of round Tin can &
Containers ranging from 200 grams up to
15kgs.Grown over the last 7 years.They have set
up of 3 units in Kundli (Haryana), Ludhiana
(Punjab), Gwalior (Madhya Pradesh) covering
the northern belt in total.
Now they have set up a new unit in Baddi
(Himachal Pradesh), a state of art facility spread
over 1 acre, equipped with latest technology,
machines and in-house imported printing
machine to cater the needs of pharmaceutical
sector, paint, edible oils and other utilities etc.
Year of Establishment :2001 Owner: :Mr Surinder Wadwa Legal Status of Firm : Private Limited
Company
Nature of Business : Manufacturer, Trader Number of Employees : more than 500 People Turnover : Rs. 10 - 25 Crore/yr.
The companies is totally based on ecofriendly
environment as the company main slogan is
SAY NO TO PLASTIC the company makes
the tin containers which is a recycler and
ecofriendly product, it is the beneficial productfor the society because it is less polluted.
Nowadays our government is focusing and
promoting the ecofriendly items as we all know
that the plastics bags are banned in HIMCHAL
PRADESH, jute bags and cloths bags are in use;
this company is also making a substitute of
plastic containers.
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Mission
The Companys mission is to achieve their
objective in a culture of fairness and courtesy to
their clients, employees, vendors, suppliers and
the society.
Vision
The Company is driven by a vision to achieve
significant business and strong presence in the
markets.
INFRASTRUCTURE
Spread over 48000 sq. a state of art facility at a
prime location in baddi, i.e. morepen road, the
unit is equipped with all basic amenities making
it dust free manufacturing advisable as per food
grade norms to cater to pharma and edible oils.
The unit has been set in a tax free zone and is
completely excise free passing benefits to our
end customers by catering them at competitive
prices. With their own transportation networkwith a fleet of 6 HMU insure a time saving and
economical delivery on for basis to sure best
services to the vendor.
They have all their machines from the best
manufacturers from Mumbai and others who
specialize in their own products. They are
equipped with an in-house Japanese printing to
deliver excellent quality jobs.
A team of tools and development is employed tomeet the latest trends and innovations.
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COMPANY AND ITS PRODUCT LINE
Main Products The Company Deals With:-
Round tin containers
Round tin containers are made for the
companies like Pidilite, Nova, Berger, Cadbury,
Modern Dairy and also for pharmaceuticals
protein powder etc. Round Tin Cans &
Containers ranging from 200 grams up to 15kgs,
they made tin containers in up to 5kgs in Baddi
and 15 kgs in Kundli. They deliver their product
by their own vehicle so that the client would not
face any trouble regarding the product delivery.
Components and printed tin sheetsThe term "tin" comes from the fact that these
cans have a micro-thin coating of tin inside, to
protect the flavor and prevent the can from
corroding.
In Gwalior (Madhya Pradesh) they manufacture
the tin plates and the components. They also
import raw material for making tin cans from
there. They sell their tin plates to various other
companies who deal with tin cans.
They also procured sheets from TATA (tinplate
corporation of lndia ltd) also imported prime
material from UK, USA and Dubai etc.
Figure 2 IMAGES OF THE PRODUCT WHICH IS MADE
IN COMPANY
-
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STANDARD SIZE AND SHAPES
CANS AND
COMPONENTS
TRADE
NAME
DIA X
HEIGHT
(in MM)
DIA X HEIGHT
(in MM)
General Line
Built-Up Cans
Available in the
mention
diameters:- For
Baby Food,
Protein Powder,
Coffee, Ghee etc
65
73
99
83
105
127
153
174
211
300
401
307
404
502
603
700
Pesticide Cans 100 ml.
250 ml.
500 ml.
1 Ltr.
52 x74
74 x80
83 x 114
105 x 133
83 x 108
105 x 132
178 x 197
202 x 215
301 x 302
307 x 408
404 x 504
Paint Cans 1/2 Ltr.
1 Ltr.
4 Ltr.
83 x 108
105 x 132
178 x 197
307 x 404
404 x 503
700 x712
1. Ring-lid - taggerassembly
Available 30'1,in size -
307 ,
401,
404,
502
2. DT type for paintsand adhesives
available 2 ways
in size -
1 ltr,
4 ltr
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3. Easy open end forOTS and baby food
in size available
201 - 52 mm,
2'11 - 63mm,301 - 74mm,
307 - 84mm,
401 - 99mm
4. 15 Kgs TinContainers they
have been in
manufacturing of
square 15 kg tinsfrom the past 11
years and have
three running units
in Kundli
(Haryana),
Ludhiana (Punjab)
and Gwalior (M.P.)
it is used
specifically for
edible oils like
Vanaspati,Desi
Ghee and Mustard.
Major client
included Kwality
diary lndia ltd,
Nova, Paras, and
many more. It is
offered in two
variants, one inscreen printing and
second in 4 colour
offset printing with
food lacquer duly
done.
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PRITINTING PROCESS
In a company there are huge machines which are
used for the printing tin plates. The blue print
send by the client in that they have already
decide the colour, font, design of the tincontainer.
Figure 3 TIN SHEETS ARE SENTS FORCOLOURING
Figure 4 TIN SHEETS ARE SENT IN FURNANCE TO
MAKE THE COLOUR PERMANENT
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Delivery System:
They have their own transportation network with
a fleet of 6 HMU they insure a time saving and
economical delivery on for basis to sure bestservices to the vendor.
They have trucks with all INDIA permit, so that
the product will reach to the client in given
period of time without any delay. Their main
motto is to provide better service and full
satisfaction to their clients so that they would
able get more orders from clients.
GOVERNMENT POLICIES:
a) BBN:- BBN Industries Association came intobeing some times in the year 1995 when some of
the industries got together and formed Industries
Association for the Baddi, Barotiwala and
Nalagarh areas of Solan District under the
chairmanship of Sh. Sachit Jain Executive
Director of Vardhman Group of Industries at
Baddi. It was in August 2003 that this
Association was registered as a Society under
the Society registration Act 1860. The main aims
and objects of the Association are:-
1. The Association is formed for the
development of industries of Baddi, Barotiwala
and Nalagarh industrial areas and to take up the
issues of mutual interest of the industries with
various authorities.
2. Sharing knowledge on technical and related
areas.
3. To take up welfare and development measures
for the general development of the areas of
Baddi, Barotiwala, and Nalagarh or any other
place in whole of the Himachal Pradesh as
decided by the Executive Committee of the
Association.
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This Association which started its journey with
only a few members at the initial stage has
become one of the largest local Industries
Associations of Northern India and has achieved
a membership base of more than 550 members.
This Association has may a prestigious projects
like Common Effluent Treatment Plant (CETP),
Skill Development Centre, Working Mens
Hostel, Shivalik Solid Waste Managementa
TSDF. The proposal for Mini-Tool-Room is in
the pipeline
b) Special economic zone: - As the governmenthas declared the baddi as a SEZ area of
HIMACHAL PRADESH there is a lots of
subsidy schemes launched by the government to
promote the industrial area for this they made
The Special Economic Act, 2005 (SEZ, 2005).
The Special Economic Zones Act, 2005 was
passed on the 23rd June, 2005, in an attempt to
give a framework to the implementation of SEZs
in India. It includes several regulatory and
investment fostering mechanisms.
The objectives of the government is be to
generate additional economic activity, promote
exports of goods and services, create
employment opportunities, and develop
infrastructure, all while maintaining the
sovereignty and integrity of India
ii. Tax Exemptions, Finance and Banking
The Act specifies all those taxes and duties that
the developers would be exempted from in theSEZs. There is exemption from Custom Tariff
Act, 1975, Central Excise Act, 1944, Central
Excise Tariff Act, 1985 and other similar laws
100 percent Income Tax exemption on export
income for the first 5 years, and 30 percent for
the next 5 years is offered.
The Act also specifies the financial governance
structure of the SEZ. Bank branches in SEZs can
be set up after the approval of the Reserve Bank
of India (RBI), which is Indias central bank.
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iii. Law Enforcement
The Development Commissioner would have
the cases investigated, and the cases would be
heard at the court appointed by the State
Government and the Chief Justice of the stateHigh Court. It also states that in case there is any
inconsistency of this law with other laws, than
this Act would have an overriding effect over
others.
BENEFITS OF SEZ
The Baddi-Nalagarh-Barotiwala belt was
designated a SEZ and several financial and tax
incentives were announced to encourage
development in that area.
Tax Benefit:
i. Exemption from payment of excise duty on allproducts manufactured at new units set up here
and also the Local VAT, C.S.T @ 1 percent.
ii. 100 per cent exemption from payment of incometax for the first 5 years and 30 per cent
exemption for the subsequent 5 years.
Other benefits:
i. Capital investment subsidy of 15 per cent onplant and machinery subject to a ceiling of INR
3 million.
ii. Adequate allotment of cheap land and fasterclearances from all government departments.
iii. Creation of the necessary basic infrastructure.
Labor Welfare:
i. Award for the achievement:In SAGAR ISPAT there will be an award
function every end of the month. The company
gives award to the efficient & smart worker. Inthe month of May Mr. Nutun get the award.
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ii. Medical Facility:If any wrong will occur in the company there is
a medical care facility for the workers. A proper
first-aid box has been maintained for such
incidents.
iii. Lodging and food Facility:There are proper housing facilities which are
provided to the workers near the company, also
the proper diet given to the workers in a neat and
clean canteen.
iv. Provident Fund Facility and Insurance Scheme:There is also the facility if provident fund which
every worker has to deduct from their salary
every month. It is the facility which thegovernment had introduced in the private sector.
The rate of interest on EPF has been declared by
the ministry i.e. @ 9.5% for the year 2010-2011
Environmental Effect:
They made an eco-friendly product as we all
know how much plastic is dangerous for our
society. So they made the product which causes
less pollution in environment.They made park near the main gate so that the
labor can sit there in their free time and get
relaxed.
A lot of plantation is done in the surrounding of
the factory so that the air should maintain its
freshness.
The company also take care of the cleanliness
around the company for that they make a proper
pipelines and pits for taking out the waste of the
factory.
There is a lots of scrap material which remainsafter making the finished goods, they send them
to the market for selling; there is no wastage of
material and money in SAGAR ISPAT.
Marketing Strategies:
As we know that in running any company and to
maintain high sales volume we need strong
marketing strategies. To sustain the market share
and to be ahead of the competitors, effective and
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efficient marketing strategies are required.
Here this company Sagar Ispat Pvt Ltd does opt
for few very effective marketing strategies:
i. They deal in manufacturing of Tin cans andcontainers rather than of plastic. Here the wholeidea is to be a single player as in plastic
manufacturing of cans and containers there are
numerous players in the market as compare to
former one. Hence they face less competition
and big market to capture.
ii. As in many states like Himachal Pradesh there isban on the use of plastic and soon the
government is deciding about the complete ban
which means that the any consumable product
must not be in plastic packing, hence themanufacturers will shift towards the tin packing,
which ultimately will benefit the companies like
Sagar Ispat.
iii. This company has its strong presence andoperation in north India and for that it has
established four manufacturing units and all are
in north India, so the intention is very clear and
the objective here is to capture all market in
north India.
iv. They provide their product at fewer prices thanthe other companies selling plastic containers, so
that the clients go with the tin containers.
v. The company uses its own transportation systemto deliver the manufactured items. Which further
lead to client satisfaction through timely
delivery and cost cutting for the clients, which
results in maximizing the sales volume?
Competitors:
As the companies is making tin containers as
well as the tin plates the main competitors are
the one who are doing the same business but
they also have to look up the one who are not
making the tin containers but they are making
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the plastic containers e.g. the PIDILITE
INDUSTRIES LTD. Earlier they were using
plastic cans for their products but nowadays they
move towards tin cans for the same product.
Figure 8 Earlier containers used by PIDILITE
INDUSTRIES
Figure 9 Now the plastic containers change into tins
containers
Some competitors companies are:
Delhi Tin Met Ltd. Diwansh Argro Plastic Company Sunrise Tech. R.J Polymers Tin Box Company Metal Can CompanyThese all companies are in the same business
line they all make the containers for the different
multinational companies.
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Future Aspirations
In coming time, the main focus of the company
is to improve the technical portion of thecompany and to also make a competitive
advantage among the competitors, as we know
that today the clients only prefer technical strong
and updated party so the company is planning to
strengthen its technical wing.
The company soon will make its manufacturing
process totally automated to reduce the manly
errors and wastage but to increase the efficiency,
accuracy, speed, quality of manufacturing. For
this company will buy new and latest machinery.
They are soon deploying a fully automatic body
making machine which produces cans and
containers at a speed of 200 per minute, to cater
to the masses. Their future expansion involves
addition of new Japanese printing units and
automatic body making machine for higher
production and better quality.
Major Problems:
There are some major problems they have to
deal in their daily life being settled in industrial
area:
i. Time Management:In SAGAR ISPAT there was a problem
regarding management of time or can say nowork has done at right time. The main reason
behind it is the shortage of staff, which is the
company is facing. There is less number of
accounting staff in SAGAR ISPAT
ii. Loss due to labor carelessness towardsmaking finished goods:Lots of time there was rejection in lot of finished
goods which occurs loss to the company and it
directly effects the budget of the company
iii. Financial Problem:
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Lack of funds is also facing by the company
because of this they are unable to buy automatic
machine for their company they still are using
the semi-automatic machine but most of the
small scale industries are now using the advance
machinery
iv. Transportation Problems:There is shortage not shortage but no means of
transportation in their locality, if any worker
wants to their prior then the regular time he\she
has to go by walk. There is no government bus
in morepen road. Some big companies have
provided their own buses for the staff but the
bus only go when the working hours of the
workers being complete. Because of this reasonthe workers are not interested in doing job in
that area they only want to work where the main
road is near. If any part of the machine has to
buy from the market the company has to send
the person with their own vehicle. If someone
wants to visit the company they should have
their own vehicle, a vehicle can be affordable for
an officer based employee but what about a
labor they have to walk 2 km in the morning to
come to their work and 2km in the evening to
going back to their home.
v. Technical Staff:Also there is shortage of the technical staff in
SAGAR ISPAT. This problem directly affects
the production of the finished product. If any
part of the machine has not working properly
then the company has to call the technical
person from outside to solve the problem.
vi. Delivery Problem:The company has to face proper delivery of raw
material like carton; tin plates etc. there is
always delay in delivery of raw material which
directly affects the further delivery of finished
goods to the client. It may affects to their
goodwill while giving orders in future the client
will think about the delivery of previous order,
further it affects the growth and profit of the
company.
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Topic: Basic Accounting & Financial
Activities
a. Ratio AnalysisIt is a Ratios Analysis of the company year
2012-2013. Ratio analysis expresses the relation
between two financial variables taken from
financial statement of an accounting period in
the form of ratio. It is a technique of analyzing
the financial statement.
Ratio Analysis for the year ending 31-March-
2013
Principal
GroupsAmount Principal Ratio Amount
Working
Capital (C.A-
C.L)
2,18,22,764.88DrCurrent
Ratio(C.A-C.L)6.72:1
Cash in hand 4,13,760.05 Dr
Quick Ratio(C.A-
Stock in hand
:C.L)
4.05:1
Bank A/c Nil
Debt/EquityRatio(loans:
Capital a/c + Net
Profit)
0.05:1
Bank OD A/c Nil Gross Profit% 16.69%
Sundry
Debtors1,48,14,555.99 Dr Net Profit% 6.30%
(due till
31/3/13)67,28,737.22 Dr
OperatingCost%(as
percentage of
sales )
93.70%
Sundry
Creditors33,96,550.73 Cr
Recv. Turnover
in days(payment
performance of
Debtors)
53.51
days
(due till
31/3/13)46,97,317.73 Cr
Return on
Investment%(Net
Profit/ Capital
A/c + Net Profit)
100.00%
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Sales A/c 13,25,13,318.30Dr
Return on
Working
Capital%(Net
Profit/ working
Capital)%
38.28%
Purchase A/c 10,38,07,555.19DrStock in hand 1,02,04,695.86 Dr
Net Profit 83,54,651.83 Cr
Working
Capital
Turnover(Sales
A/c /Working
Capital)
6.07
Inventory
Turnover(Sales
A/c /Closing
Stock)
12.99
b. Profit & Loss A/c for the year ending31-Mar-2013
Particula
rs Amount
Total
Amt.
Partic
ulars Amount
Total
Amt.
Packaging
Material
A/c 1,11,676.94
Centr
al Sale
@ 1%
6,63,72,385
.25
Raw
Materials
A/c 2,79,299.57
Local
Sale
@ 5%
6,61,40,933
.05
Opening
Stock
23,90,9
76.51
Sales
A/c
13,25,1
3,318.3
0
Purchase
Central
7,96,12,233.
19
Sales
Billsto
make
Purchase
VAT-5%
2,41,95,322.
00
Purchase
A/c
10,38,0
7,555.1
9
Packa
ging
mater
ial
a/c 91,313.33
Purchase
Bills toCome
Raw
material a/c
1,01,13,382.53
1,02,04,695.86
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Closin
g
Stock
Consuma
ble exp.
a/c 1,65,010.25Copper
wire
polishing
charges 3,51,745.00
Cutting
charges 9,543.00
EPF 61,441.00
ESI 8,233.00
Freight
inward 5,07,908.68
Job workprinting
charges 58,335.00
LID
emboss
charges (-)18,900.00
Loading
&
unloadin
g a/c 46,570.00
LPG gas
Chargesa/c 34,81,973.91
Offset
printing
press ink 61,06,769.32
Packagin
g
material
a/c 43120.00
Power &
electricit
y charges 13,43,771.00Printing
&
Designing 2,61,106.12
Tools a/c. 2,86,806.00
Wages
a/c 16,17,066.00
Direct
Expenses
1,44,04
,498.28
Gross 2,21,14
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Profit c/o ,984.18
14,27,1
8,014.1
6
14,27,1
8,014.1
6
Advertisi
ng
Expense 150000.00
Associati
on Fees 4000.00
Gross
Profit
B/F
2,21,14
,984.18
Bank
Interest 55,69,714.99
Cartage (-)756.00
Indire
ct
Incom
es 0
Compute
r Repair
&
Maintena
nce 37196.00
Conveya
nce
Expenses 31376.00
Depreciation 18,75,646.00
Diseal &
Petrol 9,96,400.00
Director
Remuner
ation 7,20,000.00
Diwali
Expenses 31440.00
Electrical
Repair &
Maintenance 60344.00
Food &
Refreshm
ent
Expenses 5,88,632.00
Freight &
Cartage
Outward 14,32,349.00
General
Expenses 70475.00
InsuranceCharges 35,121.00
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Interest
on
Vehicle
Loan 72,226.00
Legal &
Professional Fees 34,582.00
Medical
Expenses 41,035.00
Newspap
ers &
Periodica
ls 5,776.00
Postage
&
Couriers 24,444.00Printing
&
Stationar
y 32,829.00
Rebate &
Discount 79,445.36
Rents,Rat
es %
Taxes 2,78,684.00
Repair &
Maintenance 7,64,594.00
Salary 3,92,260.00
Security
Guard
Expenses 3,03,948.00
Short &
Excess 3589.00
Staff &
Labour
Welfare
Expenses 22,680.00Telephon
e &
Mobile
Expenses 62,460.20
Toll Tax 3896.00
Travelling
Expenses 34,844.00
Vehicle
Running
&
Maintenance 1,30,101.00
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Indirect
Expenses
1,37,60
,332.35
Net
Profit
83,54,6
51.83
TOTAL
2,21,14
,984.18
TOTA
L
2,21,14
,984.18
c. Balance sheet for the year ending31March, 2013
Liabilities
Amou
nt Total Assets
Amou
nt Total
Capital A/c Building
69,00,
653.0
0
Camera
1,01,4
46.00
Secured Loans
4,4,28
9.00
Commercial
Vehicles
7,59,1
34.00
Loans
(Liability)
4,4,28
9.00 Computer
29,47
1.00
Copper Wire
3,66,7
85.00
Duties & Taxes
13,65,
451.29
Electric
Fitting
1,38,4
35.00
Sundry
creditors
33,96,
550.73 Exhaust Fan
10,59
8.00
Expenses
Payable
(-
)9,45,7
44.00
Furniture &
Fixtures
2,681.
00
TDS on
Contract
(-
)3,11.0
0
Himachal
Land
41,43,
520.0
0
Current
Liabilities
38,13,
147.0
2
Mobile
Phones
17,21
9.00
Motor Cycle
A/c
22,79
9.00
Sagar Ispat
India Pvt. Ltd.
(Delhi)
76,68,
687.01
Office
Equipment
33,99
9.00
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Sagar Ispat
India Pvt.
Ltd.(Gwalior)
52,10,
285.00
Plants &
Machinery
A/c(Baddi)
56,38,
026.0
0
Sagar Ispat
India Pvt.
Ltd.(Ludhiana)
1,36,3
1,032.
00 Plastic Crates
1,66,5
77.00
Branch/Divisio
ns
2,65,1
0,004.
01
Washing
Machine
5,732.
00
Water Cooler
3,236.
00
Opening
Balance
48,87,
131.04 Fixed Assets
1,83,7
0,311.
00
Current Period
83,54,
651.83
Profit & Loss
1,32,4
1,782.
87 Closing Stock
1,02,0
4,695.
86
Deposits(Asse
t)
2,02,9
00.00
Sundry
Debtors
1,48,1
4,555.
99
Cash in hand
4,13,7
60.05
Current
Assets
2,56,35,911.
90
Total
4,40,0
6,222.
90 Total
4,40,0
6,222.
90
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d. Making Bills in tally
Tally is software using for making bills. It helps
in maintaining the records of the company. We
can make profit & loss a/c, Balance sheet etc.
Bills in tally
i. Sale Bill:
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ii. Purchase Bill:
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iii. Payment Bill:
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iv. Receipt Bill:
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Conclusions
SAGAR ISPAT PVT. LTD. is the company
that deals with tin containers and tin plates. Its a
basically an environment friendly companycomes under the BBN which is basically an
Industries Association which form in 1995
For the BADDI, BAROTIWALA and
NALAGARH areas of district SOLAN under the
chairmanship of SH. SACHIT JAIN
(EXEUTIVE DIRECTOR of VARDHMAN
GROUP of INDUSTRIES at BADDI).On
August 2003 this Association was registered as a
Society under the Society registration Act 1860.
SAGAR ISPAT is a large group of small scale
industries. It is started by the head of the familyMR. TILAK WADWA, he is retired teacher.
SAGAR ISPAT is having a 3 units other than
Baddi which are in Kundli (Haryana), Ludhiana
(Punjab), Gwalior (Madhya Pradesh) covering
the northern belt in total. All the family
members are in the their family business,
SAGAR ISPAT is handle by Mr. Surinder
Wadwa at Baddi and Mrs. Pummy Wadwa &
Mr. Sagar Wadwa at Delhi. As the their family
business is so wide all the accounts are handle inDelhi in the guidance of Mrs. Pummy Wadwa
and Mrs. Pooja Wadwa wife of Mr. Bharat
Bhushan Wadwa.
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Suggestions and Recommendations
Nothing is perfect in this universe. Either
everybody taking an advice or giving a piece of
advice.In SAGAR ISPAT there are a lot of things which
needs a change. These are generally:
i. Formation of capital budget every starting of thefinancial year.
ii. Management of the working capital. Maintain aproper record of the day to day transactions of
the company.
iii. Appoint a cashier to maintain the cashtransaction on daily basis.
iv. Proper investment policies to be made. So thatthere should be proper flow of money (cash
inflow & outflow) in the company.
v. There should be proper transport for the workersworking in the company. So that they could
easily come to their work and can go home
timely.
vi. An attendance machine should be there forproper record of the workers attendance it will
help in the time of distribution of wages to the
workers.
vii. Dress, safety gloves & helmets which must beISI proved should be providing to the workers
for their safety.
viii. They should appoint a peon for the properarrangement of files. By this no extra time has to
devote by the employees for filing.
ix. Oilman should be appointed by the company foroiling the machines. Presently it is done by the
worker itself at their working time. If oilman is
appointed then he will oil the machine before the
workers come to their work.
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x. At the very end of the month there should have acleanliness program day in that day all the
workers has to clean their rooms and
surrounding in details and spread insecticides in
the rooms and surroundings.
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Methodology
Getting information for this project I have to meet many
employees in the company. I collect the basic information i.e.
formation of the company, rules and regulation followed by the
company, numbers of employees working in the company etc.from the owner of the company Mr Wadwa Information
regarding analysis of financial statement of the company I
consult Miss Ritu and Mr Abinav that what documents the have
to prepare for the auditing of the accounts.
For getting the information regarding labour issues and
problems I have to talk to them make them familiar with me
and ask them to share their problems.
There is a file in the company which carries the basic details of
the family; their shares in the company, bank accounts etc. with
the help of that file I would able to get the information about
the ownership in the company.There are different sites on internet from where I
get the information about the company and their
product line, also about the BBN and SEZ that
what they are and when they formed? What is
the basic purpose of these associations? And
also from the help of my friends we shared the
information which we had in our hands
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Bibliography / References
Website:a. About company,
http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29
(view at 25/ July , time 11 p.m.)
b. For product details,http://www.indiamart.com/sagar-ispat-
pvtltd/products.html#tin-(View at 28/July, time
1:20 p.m.)
http://sagarispatindia.com/index.php?option=co
m_content&view=article&id=18&Itemid=18
(View at 28/ July, time 1:23 p.m.)
c. For infrastructure detailshttp://www.indiamart.com/sagar-ispat-pvtltd/#
(View at 28/ July, time 1:26 p.m.)
http://sagarispatindia.com/index.php?option=co
m_content&view=article&id=27&Itemid=30
(View at 28/ July, time 1:24)
d. For baddi Special Economic Zone Informationhttp://www.drupa.de/cipp/md_drupa/custom/pub
/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/Th
e_Baddi_Special_Economic_Zone_a_review.ht
ml(view at 26/ July, time 10:44 p.m.)
e. For printing Process images and other images:http://sagarispatindia.com/index.php?option=co
m_content&view=article&id=18&Itemid=18
(view at 28/ July, time 1:23 p.m.)
Files:a. About family details : Prepared by Mr. Abinav
Sethi
From Family Detail File
b. Profit and Loss, Balance Sheet & ratio Analysis:Prepared by Mr. Abinav Sethi
Balance sheets file of Sagar Ispat
http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://www.indiamart.com/sagar-ispat-pvtltd/http://www.indiamart.com/sagar-ispat-pvtltd/http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://www.indiamart.com/sagar-ispat-pvtltd/http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=297/29/2019 3new Project Pritika
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c. Original shareholder table: Prepared by Mr.Abinav Sethi
From Family Detail File
d. Tally Bills: Prepared By Miss Ritu on Tally ERP9
Sale bills, Purchase Bills, Payments Bills and
Receipt Bills.
Accounting Reports: Prepared by Mr. AbinavSethi
P& L a/c, Balance sheet And Ratios Analysis
From Balance sheets file of Sagar Ispat
Annexures
Prepared by Mr. Abinav Sethi
a. Original data of the Profit and Loss Account,Balance sheet & ratios Analysis.
b. Internet and industry printoutsc. Original shareholder table.e. Duplicate Bills of Sale bills, Purchase Bills,
Payments Bills and Receipt Bills Prepared By
Miss Ritu on Tally ERP 9