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CHAPTER 1 INTRODUCTION I SEEMA BANU studying at Institute of Management Studies (Kuvempu University) undertook an internship study at Tulsyan Nec Ltd to fulfill the requirement of MBA degree course of Kuvempu University. This was undertaken during Aug-september2012 and main purpose of this internship was to know how the theoretical aspects we study during our course, are put into practice by the company. The objective of undergoing this internship was to get practical exposure to the structure and functioning of the organization. It was also meant to study the activities of various departments such as finance,
marketing, production, human resource, purchase, store and service etc. The report traces the growth and development of the company and gives a skeletal outline about the technologies adopted by the company; the report also explains the values and gives a brief about the financial aspects of TULSYAN NEC LTD. 1.1 INTRODUCTION HDPE/PP oriented strips are becoming increasingly popular in India & have caught the eye of many end users for their requirement of packing materials. They have become popular on account of their inertness towards chemical, moisture & excellent resistance towards rotting & fungus attack. They are non toxic. Lighter in weight & have more advantages than conventional bags. PP/HDPE woven sacks laminated with LDPE/PP liner have wider applications. HDPE woven sacks are much stronger & can withstand much higher impact loads because of HDPE strips elongation at
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1.2
1. The objectives of the study are to learn & understand the working of various functional departments like Production, Marketing, Finance and Human Resource. 2. SWOT ANALYSIS to identify the major strengths & weaknesses of the company for improvement. 3. Study the performance of Tulsyan NEC Ltd. 4. To study the financial position of Tulsyan NEC Ltd.
1.3
Scope of the study: The scope of the study was limited to know the organization structure
and functions of the department. The study was mainly on finance, marketing and human resource of the organization. The information is being collected through various sources.
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The data for the study was obtained through primary source and secondary source. Primary source: The primary source of data was obtained by personally meeting the employees of the Organization, and also data are collected through discussions and interviews with concerned executives and observation method. Secondary source: The secondary source of data includes the background papers prepared by the department for conferences, Meetings etc.. Departmental notes, and Reviews, Reports, the factory records, Books, Annual Reports, Information sheet and Internet. 1.5 Limitations of the Study: As every study has its own limitations this study is also have some of the limitation to collect the information and present the things in the effective manner. The various limitation of the study are as follows: The study is an academic effort; it has its own limitation of cost and time constraint. The opinions collected from the employees might not be hundred percent correct or may be biased also This project has been taken in busy schedule so whatever information gain by them is treated as correct.
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United States of America Germany Japan Singapore Canada Malaysia Thailand Indonesia Vietnam China India Pakistan The world market is growing at an average of 3% per year. The world
trade in polypropylene has a same pattern as in the case of polyethylene. The major exporters of this polymer lie in the Southern Asian and the Middle Eastern area and South Korea is one of the dominant players in the world market. The other exporters include USA and the countries in the western European region. In woven sacks industry production takes places from using HDPE (hydro polyethylene) and PP(propylene)of plastic contents the cost incurred in producing both the raw materials are more or less same but most of the
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opportunities over 1 million people. However the industry is growing tremendously due to quality packaging capabilities this industry
approximately contribute to GDP of the nation around 0.12%. 2.3 History Polypropylene is a polymer of the modern world. It was discovered as late as in 1954 by Professor Giulio Natta. Till this time polyethylene was already discovered and the catalysts that were used in the polyethylene industry were used by the professor to the propylene gas to produce polypropylene. The commercial production of polypropylene initiated in the year 1957 as it can also be produced at room temperature and low pressure. For his work, Natta along with Karl Ziegler, the discoverer of the catalysts, got the Nobel Prize in the year 1963. With its production, it was readily accepted by various industries as it is economical and possesses exclusive physical properties. With time and the introduction of new technologies of production, improvements were done relating to the types of catalysts used and controlling the structure of the product. The world production of the polymer crossed the 14 million tons mark. Polypropylene is a versatile polymer as it can be used in a vast number of applications and today the polymer has become non substitutable.
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3.4.1 Table: 1 STEEL DIVISION DLF Groups of Companies TVS Group of Companies HCL technology Ltd. Gammon India Ltd. Cognizant Tecnologies PLASTIC DIVISION Dalmia Cement (Bharat) Ltd Grasim Industries Limited Grasim Industries Limited Ultratech Cements Companies LTD Associated Cements Companies Ltd Larsen & Tourbo Ltd. Prestige Group of Companies Central/State Class 1 contractors Industrial Mineral Company Mangalore Chemicals & Fert Ltd Fritz Marketing Inc..,- USA
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3.5.1 Table: 1 Local Vinmar International Ltd- USA Basell Asia Pacific Ltd- Usa Trion Energy Ltd Usa Ltd Oman Polypropylene L.L.C. Oman International Reliance Industries Ltd Mumbai Blend Colors Pvt Ltd Konkan Specialty Poll Product Pvt Plasmix Limited
Borouge Pvt Ltd Abu Dhabi UAE S.C.J. Colourants Saudi Basic Industries Corporation
3.6 PRODUCT PROFILE Cement Bag Fertilizer Bag HDPE Sacks HDPE Woven Sacks HDPE and PP Woven Sacks Jumbo Bags Packaging Sacks Polypropylene Woven Sack Sandbags Woven Bags Woven Sacks Woven Sacks Bags
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Polypropylene Asbestos Bags They are engaged in offering Polypropylene Asbestos Bags that are
manufactured using high quality raw material that is procured from trusted and reputed vendors across the nation these possess features like wear & tear resistance, strength and long life. There products are in high demand among the clients due to their various designs and excellent printings. Having expertise in manufacturing clear bags with great printability, they offer these at cost-efficient prices. Clients can avail these within stipulated time frame.
Polypropylene Container Liners They bring forward high quality Polypropylene Container Liners.
These are made using high grade material such as polyethylene or polypropylene. These dry bulk container liners are also known as shipping, sea bulk or sea land container liners and are stitched using coated or noncoated fabric. Known for economical value than the conventional blown film liners, these are supplied in bulk to cater to the requirements of our clients spread across the globe and within the stipulated time frame.
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manufactured using high quality raw material that is procured from trusted and reputed vendors based across the nation these possess features like wear & tear resistance, strength and long life. These are manufactured at a completely automatic unit packing system together with palletizing facility, which is available at the plant. These are in extensive demand in the market and we offer these at cost-efficient prices. Clients can avail these within stipulated time frame.
TULSYAN Company is producing wide variety of products to fulfill the requirements of the different customers. FIBCs are more recent
innovation on the international scene. The rising cost of manual handling in developed countries has forced them to adopt more of automated techniques for bulk product handling. In the case of bulk commodities with large volume handling requirements, tank cars for road or rail transport, bulk carriers for marine transport and silos and conveying systems for storage are well established. Economics of scale play an important part in cost control. However at points of distribution of such commodities or where the commodity volumes are not so large and intermediate bulk handling system is required. This requires the availability of a safe, convenient and cost effective container for storage and handling. The FIBC has proved to be the most effective container to meet these needs.
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protection and safety aspects have a major bearing on the FIBC design as do the lifting, transport, loading and unloading methods. Further the commodity properties have a bearing on the container stability which also needs to be taken care of by proper design. The FIBC has, therefore, a much higher level of design engineering input when compared to the conventional small woven sack, even though both use similar types of fabric.Besides stronger and more reliable fabric quality the FIBC calls for properly designed lifting straps, a body configuration with reinforcements to ensure stability during storage and handling and suitable inlets and outlets for ease of loading or unloading and for protection against spillage or leakage. 3.7 Infrastructure We have huge infrastructure that enables the team to work easily and in collaboration with each other. The infrastructure is loaded with state-of-theart machinery and the team can easily incorporate new techniques to enhance their efficiency. The base is divided into various segments like the manufacturing unit, quality department, design department, warehouse unit, etc. The new installed machines at the infrastructure help in enhancing the production rate thereby enhancing clients satisfaction.
Exxon Mobil. Honam Petrochemicals. Hyundai Petrochemicals. Samsung. Shell. Dow Chemicals.
3.10 Tulsyan Group of Companies Established in 1938 Activities Iron and Steel Trading Manufacturer of Tin Containers Manufacturer of Cardboard Boxes Manufacturers and Exporters of Leather Products Manufacturer of Knitted Textile Gloves Cold Storage Activities Rice Processing Division Tulsyan NEC Limited Iron and Steel
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Bankers Canara Bank Syndicate Bank Andhra Bank State Bank of India IDBI Bank Indian Overseas Bank Shamrao Vithal Co-operative Bank Auditors C.A. Patel & Patel, Chennai. Share Transfer Agents Cameo Corporate Services Ltd. Subramanian Building, 1 Club House Road, Chennai - 600 002.
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3.12 AWARDS AND ACHIVEMENTS Export House State Award For Excellence In Exports From Government Of Karnataka For The Period 1995 1996 State Award For Excellence In Exports From Government Of Karnataka For The Period 1996 - 2000 AIFTMA Export Award 1997 1998 All India Flat tape Manufacturers Association From National Association Of Plastics Woven Sacks Manufacturer For Excellence In Exports For Medium /Large Scale Sector For The Year 1997 - 1998 AIFTMA Export Award 1998 1999 -II Export Promotion Awards 2000 2001 Large /Medium Scale II
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Improve the performance of a company. Examine the likely effects of future changes within a company.
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Align departments and processes during a merger or acquisition. Determine how best to implement a proposed strategy. This model there is seven basic dimension which represent the core of
managerial activities. These are the levers, which the executive use. The originators of the model have coned the managerial variables with words beginning with the letters so as to increase the communication power of the model. The 7-s diagram illustrates the multiplicity interconnectedness of elements that defines an organization ability to change. The theory helped to change managers thinking about how companies could be improved. Its says that it is a matter if devising a new strategy and following neither it through nor it is a matter of setting up new system and letting them generates improvements. Their organization must have a high degree of it, internal alignment amongst all the sevens. All Ss are interring related and a change in one has a ripple effect on all the others. It improves their organization you have to pay attention to all of the seven elements at the same time. There is no starting point or implied hierarchy. Different factors may drive the business in any one organization. McKinsey Company, a very well known management consultancy firm, developed the 7-S framework. It aimed to diagnose the cause of company firm problem and to formulate program for improvement. Its all very well devising a strategy, but you have to be able to implement it. If its to do any good, the seven S framework first appeared in The art of Japanese Management by Richard Pascal and Anthony Athos in 1981. They had been looking at how Japanese industry had been so
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The model is based on the theory that, for an organization to perform well, these seven elements need to be aligned and mutually reinforcing. So, the model can be used to help identify what needs to be realigned to improve performance, or to maintain alignment (and performance) during other types
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Managing Director
Management Representative
General Manager
General Manager
HOD
HOD
HOD
Assistant
Human Resource
Commercical Maneger
Accountant
Su pervisor
Superviser
Purchase Officer
Assistant
Assistant
Assistant
Workers
Workes
Superviser
Worker
4.3 Chart: 1 DEPARTMENTS OF ORGANISATION Production department Purchase department Quality department Finance department Marketing department Human resources management
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Very Fine Quality of Yarns. High Flexibility to produce different kind of coloured yarns.
Touch Screen Type Operation Panel & Synchronized System as Standard Equipment
Line Speed: Max 120 meter/min Equipped Auto Roll Changing System
Woven Bag Sewing Machine The company has installed high speed, double needle woven sewing machines specially designed by Arm Strong. The double needles of the machine provides a long lasting stitch. These machine can efficiently stitch heavy weight material such as HDPE, PP, Multiwall Papers and other type of woven sacks. The bobbling stitching system of the sewing machine is designed to enhance the overall production efficiency. Can also use any type of cotton and synthetic yarns.
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Electrically operated Easily convertible in single needle machine Easy adjustment of distance between the needles Fully automatic lubrication with oil recycling
Number of machines : 20 Circular Weaving Machine The new generation circular weaving machine with six shuttle is designed to weave fabric suitable for a variety of applications like plastic
granules/fertilizer/chemicals and smaller covering fabric/tarpaulin etc. Additionally, these machines have an option to produce Anti-slip fabric on special request. Features :
Hydraulic Bailing Press For HDPE/PP Bags This is hydraulic bailing press which is used for pressing PP/HDPE bags to minimize the volume for convenient packaging & transporting. These machines are designed for free shift operation and can produce different pressure as per the requirement.
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Compact hydraulic block Overload protection valves Push button operation Preset bale height table auto stop Pressure regulator and gauge Emergency brak
3. Process: - There are various processes involved in the Production activity. Extrusion Weaving Quality analysis Fabric printing Cutting Stitching Bailing 4. Programs: - The programs include the activity concern with the companys achievement to the strategic goals of the company the retaining the talented employees the organization. Since company has started so many years ago it has expanded its business in overall India and its supplying of goods and services according to the requirements of the customers . 5. People: - People refers to the workers or employees working in the Organization. This company is providing the employment mostly to the persons who are having the technical background such as Engineers,
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PP/HDPE Woven Sacks FIBC bags Polypropylene Asbestos Bags Polypropylene Container Liners Polyethylene Liners Coated or Uncoated Bags Jumbo Bags
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Light weight and easy & cheap to transport Bright 2 / 3 / 4 color printing offer aggressive marketing prospects No problems in stacking. Can be gusseted to further improve stacking High Tensile strength and durability Cost effective in comparison to other alternative packing material No Seepages specially in poly lined or laminated bags
Size Length 915 mm, Width 610 mm Open mouth Bottom stitched duly laminated with PP/LDPE inside Colour Milky White or others
Printed with flexo printing as per IS - 9755 1985 for packing 50.0 kgs
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Size Length 710 mm, Width 480mm with self closing valve, Weight 7075 gms per bag Printed with flexo printing for packing 50.0 kgs as per IS - 11652 1986
For Sugar:
Size Length 900 mm, Width 590 mm Open Mouth Or Top Hemmed Bottom Stitched with inside separate loose liner bag of 25 micron thickness stitched at bottom and printed with flexo printing for packing 50 kgs Sugar
Size Length 630 mm, Width 480 mm Open Mouth Or Top Hemmed Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at bottom and printed with flexo printing for packing 25 kgs Sugar.
Size Length 1000 mm, Width 570 mm Open Mouth Or Top Hemmed Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at bottom OR without liner and printed with flexo printing for packing 50 kgs food grains.
Size Length 650 mm, Width 480 mm Open Mouth Or Top Hemmed
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Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at bottom OR without Liner and printed with flexo printing for packing 25 kgs food grains.
For Fabrics
PP / HDPE woven circular fabrics are available in rolls of different colors / shades, width and other specifications as per the clients requirements.
They are put to direct uses or for conversion to Bags and Sacks at customers' end. 4.10 Following is the manufacturing process of PP woven sacks bags The process of manufacturing PP woven bags involves mixing raw
materials starting with PP or HDPE pellets and other additives, extruding the raw materials into a yarn, weaving the yarn into a fabric in a process similar to the weaving of textiles, laminating the fabric, cutting the fabric into appropriate sizes for the bags, sewing the bags, printing onto the bags and finally packaging the bags. a) Tape Extrusion: The raw material consisting of Raffia grade polypropylene and suitable master batch is fed through a plastic extruder fitted with a `T die. The extruded sheet is cooled and slit into small width continuous tapes, which pass over a hot air oven during which the orientation of tapes take place. These tapes are stretched and annealed, to achieve the required denier rating.
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THE CIRCULAR WEAVING MACHINE a) Sacks Production: The Woven fabric in roll form is unwounded and cut into required length units. One end of fabric unit is folded at one of its corners such that after stitching a spout opening is formed. The other side of the fabric unit is fully stitched to get a woven sack. These sacks are tested for strength and dimensional requirements as per the buyers specification. The approved sacks are printed as per buyers requirement. Then the sacks are piled,
compressed in a baling press, baled and dispatched. b) Waste Recycling: The waste generated during the entire production process is converted into reusable chips using an agglomerated. Manufacturing process of Flexible Intermediate Bulk Container (FIBC) A Flexible Intermediate Bulk Container, FIBC , big bag, bulk bag, or Super Sack is a standardized container in large dimensions for storing and transporting dry, flowable products, for example sand, fertilizers , and granules of plastics. FIBCs are most often made of thick woven polyethylene or polypropylene, either coated or uncoated, and normally measure around 110 cm or 45-48 inches in diameter and varies in height from 100 cm up to 200 cm or 35 to 80 inches. Its capacity is normally around 1000 kg or
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Orientation,
stretching and annealing of the tapes are done to obtain the required denier rating. As the tapes are wider and thicker, in order to facilitate weaving, the tapes are folded into three layers use a tape folding equipment or slit into fine fibers using a fibrillate to obtain compact fibrillated tape, which are wound on cheese winders. b) Fabric weaving: Using an eight shuttle circular loom, the folded or fibrillated tapes are woven into a circular woven fabric of required lay flat width, which are wound into rolls.
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The following tests are conducted on FIBCs i) Ultra-violet stability test of polypropylene fabric. ii) Tensile testing of FIBC fabric and handles. iii) Test for resistance to impact collusion The test parameters are based upon the design and utility conditions of FIBCs. 4.14 Printing & Packing: The quality approved FIBCs are printed as per customers requirement and baled using a baling press.
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Type - A - no special electrostatic safety features Type - B - Made from plain (non-antistatic) polypropylene. Type B bags are not capable of generating propagating brush discharges. The wall of this FIBC exhibits a breakdown voltage of 4 kilovolts or less.
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Type - C - Conductive FIBC. Constructed from electrically conductive fabric, designed to control electrostatic charges by grounding. A standard fabric used contains conductive threads or tape.
Type - D - Anti-static FIBCs, essentially refers to those bags which have anti-static or static dissipative properties without the requirement of grounding Industries served: Chemicals Fertilizers Fiberglass Food Products Grains Mining (Used to hold shotcrete) Pharmaceuticals Pigments Plastics Refractories Rubber Additives Seed
Advantages of HDPE / PP Woven Sacks and Bags Moisture Proof : HDPE / PP Bags are inherently moisture repellent. Light Weight : HDPE / PP Bags being light weight, offers easy and cheap transportation. Printing : Bright 2 / 3 Color printing offers aggressive marketing prospects. Stack ability : No problems in stacking. Can be gusseted to further improve
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PROCESS FLOW CHART FOR WOVEN SACKS/FIBC Raw Material PP/HDPE + Master Batch Extrusion Sheet Die Cooling Water Bath Sitting Unit Hot Air Woven
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Stretching Unit Annealing Unit Tape Folding Unit Cheese Winders Quality Control Testing Weaving on Looms Fabric Rolls Fabric Cutting Fabric Stitching
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PURCHASE DEPARTMENT The most important aspect in any organization is flow of materials from outside the organization to fulfill the requirements of the each department. This activity is taken care by the PURCHASE DEPARTMENT. Purchase department plays an important in the organization effectiveness and its productivity. Purchase department has to make timely order of the raw material for the uninterrupted production process, and the
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Executive (Imports)
4.4 Chart: 4
Go-down incharge
Responsibilities & Authorities: Responsibility & Authorities of GM are covered in quality manual. Manager (RM) Responsibilities Maintain inventory status. Maintain subcontractor purchase and payment statement. Verification of Excise Documents Import material follow ups Co-coordinating with factories for their requirements and their ensuring.
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There are 8 dimensions of quality: i. ii. iii. iv. v. vi. vii. viii. Performance Features Reliability Conformance Durability Serviceability Aesthetics Perceived quality
In TULSYAN NEC LTD each department head or supervisor especially in extrusion and weaving section, checks the tape quality, fabric strength which is needed to meet the demands and requirements of the customers. They use a special machine to check the strength of the fabric after the weaving of sample, then if any defects are found it will be informed to the departmental head or the concerned person in charge. Currently the company is looking towards covering their quality under various international market standards namely Srilanka, UK and middle east countries .The company is also getting the rebars certificate from CRM Beligum. The company has a Microsoft ERP solution which will further add quality system.
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company's people resources and how they are developed, trained, and motivated. Staff means that the company has hired able people trained them well and assigned them to the right job. Selection training reward recognition motivation and assignment to appropriate work are all the key issues. Staffing is the process of acquiring the manpower for the company and insuring that they have potential to contribute to the achievements of companys goal. It is selecting people for specific company position and developing in these and subsequent abilities and skills that they would need to be effective in these and subsequent assignment. The staffing function applies to the whole company good performing companies paid attentions to the development of managers. On the Indian since there are some example of firm which are relatively more concerned about the processes of management development.
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HOD/HR manager
Executive
Executive
Assistant supervisor
Assistant supervisor
4.5 Chart:1 Introduction: Human resource is very important for the success of any organization. Human resource management is the wealth of an organization, which can help in achieving its goals. Human resource management is concerned with the human being in an organization. It reflects a new out look, which views organization manpower as its resource and assets. Meaning of Human resource management:Human resource management is that process of management which develops and manages the human elements of enterprise. It is not only the management of skills but also the attitudes and aspiration of people. When
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FUNCTIONS OF THE HR DEPARTMENT Recruitment of candidates. Selection of best suited and right persons. Training and development of employees. Framing of rules. Creating a good working environment. Motivating the employees to work up to their potentials. Maximizing the performance of employees.
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MAINTENANCE OF SERVICE REGISTER\ PERSONAL FILES Tulsyan maintains a service register of each employee maintaining all the service records and the below mentioned facts according to the HRD wing of the respective organization. Particulars of the employees. Date of joining. History of services. Pay scale/ increment /advances. Particulars of leave availed including leave encashment / maternity leave. Particulars of record of rewards, praise, punishment or censure including suspensions Place of position. Name / age of family members for provide medical benefits. Permanent residence address and present postal address. Details of training program undergone.
HR PRACTICES OF TULSYAN NEC LTD Provident fund and pension fund. Gratuity. Compensation for accidents.
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The primary responsibilities of the human resource department is 1. MANPOWER PLANNING As an annual exercise, human resource department reviews the existing manpower plan for the year from the entire department. On discussion and consultation with managing director, the same shall be approved with changes if any. 2. RECRUITMENT AND SELECTION Based on the manpower plan and recruitment that follow due to resignation, termination, retirement, and transfer, concerned department heads shall give the manpower requisition along with job description according to which human resource department arrange for Recruitment of personnel. The sourcing of manpower will be through advertisements, consultations, walk-in, and on-gate-advertisement or wanted lists on gates of the concerned departments of the company.
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: Fifth day of the next month. : Seventh day of the next month.
PERFORMANCE AND POTENTIAL EVALUATION The performance of the entire trainee will be evaluated once in three
months. All other employees performance will be reviewed once in a year. On being found that their performance and potential to perform is up to the expectation of the, management, employees will be rewarded with normal increment, merit increment, lump sum payment and promotion. Those employees whose performance is below the management expectation will be given consulting in. In spite of such counseling, if the employees continue to perform below expectation his awards or rewards will be differed, postponed withheld depending on the degree of his poor performance. 6. PROMOTION, TRANSFER AND CAREER PLANNING Promotion to higher posts to the employees is strictly and solely on merit basis and experience. Transfer is affected on need basis and career planning in envisaged.
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Shift timings of the organization:Since its a production unit the company maintains 5 shifts out of them 3 are production shifts and 2 are general shifts, the following are production shift timings 7:00am-3:00pm 3:00pm-11:00pm 11:00pm-7:00am The following are the general shift timings 8:30am-5:00pm 10:00am-6:00pm 4.6 STRATERGY Strategy refers to the systematic action and allocation of resources to achive the companies aim the integrated vision and direction of the company. Plan for the allocation of firms scarce resources over time, to reach identified goals, governments competition, and customers.
Strategy is a plan an organization formulates to gain a substantial advantage over the competition. Strategy is the art of devising ang employing a system of activities that mobilizes all resources towards a valuable goal. strategy is the determination of basic long term goals and objectives of an
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Sales
Sales
Sales
4.6 Chart: 1 Marketing is a process of persuasive action which makes the buyers to buy the products and services at given price is called marketing. Marketing management is a process of planning and executing the conception, pricing, promotion and distribution of goods services and ideas to create exchanges with target groups that satisfy customers and organizational objectives. Marketing management is a process involving analysis, planning implementation and control that it covers goods, services and ideas that it rests on the notion of exchange and the goal is to produce satisfaction for the parties involved.
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Promotion Promotion activity of the products produced by the TULSYAN NEC LTD is totally taken care by head office of the company which is situated at Vasanthnagar, Bangalore. Promotion of the products is looked after by the companys marketing executives. Pricing Pricing is relying on the quality and quality ordered by the customers. When customer places bulk orders for the products and services, company will quote the low price for the orders or vice-versa. All the pricing quotation is fixed by the head office of TULSYAN NEC LTD. Only manufacturing process will be done in the plant. The head office will receive the cost of each order placed by the customers. It will then check the cost of the orders and then fix the price for the orders Place Place refers to the space of finding the targeted customers of the produced goods and services. Mainly company will browse the customers via
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PRICING QUOTATIONS
4.6 Chart: 2 CUSTOMERS PROFILE There are nearly 51 overseas customers and few domestic customers. some of the major customers are as follows:Domestic customers ACC CEMENT RASHI GOLD COROMANDEL AMBUJA CEMENT BIRLA SUPER L & T CEMENT
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ELECTRONICS LIMITED P.L. GOYAL & SONS LIMITED INFO TRENDS CHETANA LAMINANATES PRIVATE LIMITED M.B.I.L LIMITED SHREE LAXMI PACKAGING ASHIRVAD IMPEX CHRIST EXPORT R.P.PLASTIC
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Current ratio This ratio establishes the relationship between current assets and current liabilities. the purpose of this ratio is to find out the extent of current assets available against each rupee of current liability of the firm Current ratio=current assets/current liabilities Current assets include cash, marketable securities, debtors, inventories, prepaid expenses etc. Current liabilities includes creditors, bills payable, accrued expenses, short term bank loan, income tax liability and long term debt etc. Year 2009-2010 2010-2011 Current assets 189.03 258.87 Current liability 125.785 167.935 Current ratio 1.502 1.5414
4.6 Table: 1
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4.6 Table: 2 Interpretation: From the year 2009-2010the quick ratio has decreased but in the year 2010-2011the quick ratio has increased.
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AUDITORS The Auditors of the Company M/s. C.A. Patel & Patel, Chartered Accountants, Chennai, retire at the ensuing Annual General Meeting of the Company and are being eligible, offer themselves for re-appointment. Some of the accounting notes of the company Contigent liabilities:- All liabilities have been provided for in the accounts except liabilities of a contingent nature, which have been disclosed at their estimated value in the Notes to the Accounts wherever practicable.
Cash &cash equivalents:- Cash and cash equivalents in the cash flow statement comprise cash at bank and in hand and short-term investments with an original maturity of three months or less.
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Segment reporting:- Segments have been identified in line with the Accounting Standard on Segment Reporting (AS 17), taking into account the organizational structure as well as differential risk and returns of the segments Tax & income:- Tax expenses for a year comprises of current tax and deferred tax. Current tax has measured at the amount expected to be paid to the tax authority, after taking into consideration, the applicable deductions and exemptions admissible under the provisions of the Income Tax Act, 1961. Deferred tax reflects the impact of current year timing difference between taxable income and accounting income for the year and reversal of timing difference of earlier years. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the Balance Sheet date. Lease payments and receipts:- Lease payments have been made towards land at Chennai and amortized on a straight line basis during the period of lease. Lease payments have been made towards Hire Purchase of Vehicle.
Details of secured loans:- Loans from Banks secured by exclusive charge on land, buildings and plant and machinery other than those specifically charged. Term Loan from Financial Institution is secured by assets purchased under the loan and are guaranteed by the Managing Director and two Directors of the company.
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The company has very good quality of fabric as well as quality control system.
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5.2 Weakness Weaknesses are the qualities that prevent us from accomplishing our mission and achieving our full potential. These weaknesses deteriorate influences on the organizational success and growth. Weaknesses are the factors which do not meet the standards we feel they should meet. Weaknesses in an organization may be depreciating machinery, insufficient research and development facilities, narrow product range, poor decision-making, etc. Weaknesses are controllable. They must be minimized and eliminated. For instance - to overcome obsolete machinery, new machinery can be purchased. Other examples of organizational weaknesses are huge debts, high employee turnover, complex decision making process, narrow product range, large wastage of raw materials, etc. weakness that TULSYAN NEC LTD having are:
The company has poor advertising strategies to increase their sales. The company is not ready to acquire bulk orders because of lack of investment.
The utmost weakness of this company is lack of marketing, they believe that they are retaining most of their customers.
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5.3 Opportunities Opportunities are presented by the environment within which our organization operates. These arise when an organization can take benefit of conditions in its environment to plan and execute strategies that enable it to become more profitable. Organizations can gain competitive advantage by making use of opportunities. Organization should be careful and recognize the opportunities and grasp them whenever they arise. Selecting the targets that will best serve the clients while getting desired results is a difficult task. Opportunities may arise from market, competition, industry/government and technology. Increasing demand for telecommunications accompanied by deregulation is a great opportunity for new firms to enter telecom sector and compete with existing firms for revenue. TULSYAN NEC LTD having opportunities like:
New business alliance with clients abroad. It has the potential to diversify in to various related business like sugar bags, cement bags etc.
The company easily combat with their domestic competitors because of their quality assurance and quality service.
5.6 Threats Threats arise when conditions in external environment jeopardize the reliability and profitability of the organizations business. They compound the vulnerability when they relate to the weaknesses. Threats are uncontrollable. When a threat comes, the stability and survival can be at stake. Examples of
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6.3
Conclusion I had the opportunity take my organization study at. TULSYAN NEC
LTD at Doddaballapura, within a span of 1 month. I was able to gather information regarding the company and its working environment. It has having good demand for their product but limited advertisement in market. This industry is the largest foundry company which is helping the growth of country economy. The high performance of Tulsyan NEC Limited is the effort of the management and the worker in the organization for its high growth and increased sales and with effective operations management. TULSYAN NEC LTD having the good working environment. And this industry having good infrastructure facility to develop the employees. The employees are very happy to work is the Industry. And industry was taking well initiative to strengthen their employees and also to improve the quality of
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Books
Human Resource ManagementK.Ashwathappa.Keller Philip.And Keller Kevin Lane, Marketing Management 12edition, PrenticeHallof India Pvt Ltd, Twelfth Edition.
Websites
www.wovensacks.com
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