DECLARATION This project report entitled "An Organization Study At Solve Plastic Products pvt Ltd, punalur" is a bonafide work done by me under the guidance and supervision of Ms Blessy Elizibath and submitted to Mahatma Gandhi University , Kottayam, is a practical requirement of fulfillments of the degree of Master of Business Administration. The empirical findings in this report are based on the data collected by myself. No part of this project has been reproduced or copied from any report on the university. 1
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DECLARATION
This project report entitled "An Organization Study At Solve Plastic Products pvt Ltd,
punalur" is a bonafide work done by me under the guidance and supervision of Ms Blessy
Elizibath and submitted to Mahatma Gandhi University , Kottayam, is a practical
requirement of fulfillments of the degree of Master of Business Administration. The
empirical findings in this report are based on the data collected by myself. No part of this
project has been reproduced or copied from any report on the university.
ACKNOWLEDGEMENT
Words are always found inefficient in expressing thanks, gratitude and reverence. I would
like to thank those who have helped me immensely with their valuable suggestions,
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comments, support and love for the successful completion of this project.
First of all, I express my deep gratitude to God almighty who guided me in the right to
make this project a success. At the very outset,
I wish to convey my sincere thanks to Mr sudheer,MD and Ms Bindhu,head of the
finance department ,Solve Plastic Products Pvt Ltd for her valuable and sincere help and
advice, which helped me to conduct this project work very successfully.I express my
deep scene of gratitude to Mr pradeep project guide of BALCO groupsand also thank all
the officers and staff of Solve Plastic Products Pvt for giving me valuable information
and assistance for completing my Organization Study successfully.
.
I would also like to thank my beloved parents and my friends for their external source of
encouragement, inspiration and moral support, without which it would have been almost
impossible to complete this project.
Sumith.s
Caarmel college
pathanamthitta
Table of Contents
Chapter Subject Page Number
Chapter-1 Introduction
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1.1 Objectives
1.2 Scope of study
1.3 Methodology
1.4 Limitations of the study
Chapter-2
Profile
2.1 Industry Profile
2.2 Company Profile
2.3 Product Profile
Chapter-3
Department Analysis
3.1 purchase and production
department
3.2 Human resource department
3.3 Finance department
3.4 marketing department
3.5 Quality Control Department
Chapter-4 SWOT Analysis
Chapter-5 Findings & Suggestions
Conclusion
Bibliography
Appendices
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CHAPTER-1
INTRODUCTION
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INTRODUCTION
The advent of globalization has brought itself many changes. Corporation across the
globe are finding this kind of business environment tough to operate. However as there is
as saying,’ every change is to have a two side effect’, the same happens with
globalization to. It has in a enormous opportunity. As a result, companies are always
willing to bring in efforts to become the leaders and thus enjoying their high market
share.
After the arrival of IT companies on global scenario, now the manufacturing companies
are following the same suit and growing globally at a fast rate. Quality is now one of the
prime fields of attention for the manufacturing companies. They believe in giving the
maximum possible quality and thus earning sound profit.
To study about an organization_ its working structure, human recourses, etc thus holds a
great significance as it helps one to clearly understand how complicated an organization
work so as to have a optimum use of the resources available.
Solve Plastic Products, the Flagship company of Balco Group started production in 1991
with assistance of Kerala Financial Corporation, Thiruvananthapuram and the State Bank
of Travancore. The Balco brand of electric conduits was launched and meticulous care
was taken to maintain the highest standards of quality. Balco conduits received ISI
registration soon after and the product was soon a market leader. With the enthusiasm of
the team the unit had the privilege to become the first unit in Kerala to get ISI for Electric
Conduits. More specifically its success has been aroused from its commitments towards
quality and consistency in business relations. These factors geared it up later to get the
approval of BIS with in a short span of time.
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Under the same management another unit Solve Plastic Products Pvt Ltd was
incorporated in the year 1994 with an objective of tapping the abundant opportunities
prevailing in the PVC Water Pipe Sector. Cashing in on the need for high quality Pipes
for potable water Balco created a segment of its own based on its unmatched quality and
strength. With virgin raw materials and uncompromising quality standards the PVC water
Pipes and the unit has triggered predictable growth. The first commercial production had
started in the Financial Year 1995-96 with an average production capacity of 55 Tonnes
in a month. Fitted with an Extruder 52/18V made by Kolsite, Daman in association with
Kabra Extrusion Technik, Germany, this unit is capable of making Electric Conduit as
well as PVC Water Pipes having both ISI and Non ISI standards. The Company could get
ISO 9001/2000 certification from JAS-ANZ through Pheonix Progressive Certification
India Limited.
My one-month long Organization study in solve plastics products Pvt. LTD
(BALCO)gave me hand full of valuable experience, which really will help me in my
future ventures. I had clear study on the various departments namely: Quality
departments ,Production and purchase, Finance and Administration, and the marketing
department carry out their work and go in support to each other departments.
The major purpose of conduction of this study is to understand the functioning of the
organization and to focus on the performance aspect, both in the national & international
markets. This study is helps to gain practical
Knowledge about management & theoretical knowledge.
Objectives of the study
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a. To have a general awareness of the functioning and management of the
organization.
b. To understand the functioning of the company in terms of the department
created for carryout their daily transactions.
c. To analyze strength, weakness, opportunities & threats concerning the
company.
d. To know about the pipes industry & its future.
e. To learn about the history of the company & how it made its debut into the
pipe business.
Scope of the study
The organization study encompasses the entire functioning of the
organization which includes the nature of business it is involved in the , current
competition scenario the departmental segregation
Created for the implementation of plans & procedures , the current branches that is
controls &future expansion plans which includes both the national & international levels.
Moreover the needs to conduct an organization study lies in the
fact that it provides an in – depth understanding of what company is all about & the
underlying factor of its existence.
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METHODOLOGY
Both primary and secondary data are used in the study . The
study mainly based on the collection of primary data and secondary data through direct
interview with managers & all other employees.
Primary data
Primary data collected through direct observations of various functions in the
organization & through interactions with various departments heads & other employees
of the organization.
Secondary data
Secondary data were collected from official documents like their annual
reports, financial records , various other organization manuals, company profile etc &
from website .
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LIMITATIONS OF STUDY
1, The study mainly depends on the secondary data.
2, Since there were time constraints, intricate details weren’t included.
3, Limited information in terms of undisclosed financial data due to lack of certification
by auditors , hence up to date information was not available.
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CHAPTER-2
INDUSTRY PROFILE
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INDUSTRY PROFILE
WORLD SCENARIO
The pipe industry in India had its history dating back to late 1960’s. In Kerala PVC pipe
industry marked its presence from 70’s. At that time, it was really a tough job to market
the concept this new product. The industry also faced the shortage of raw materials as
there were only few companies like chemplast, PRC were manufacturing PVC resin
which is a important ingredient in pipe manufacturing.
Above all scarcity of pipe fitting in the market had created a great concern. so while
selling pipes it was liability of the company to provide market with the proportionate
volumes of PVC fitting.
In spite of all these challenges, PV pipes has established its own position in the market
due to its Durability, Affordable price, Ease in handling and hygienic nature. Over the
period, many other varieties of pipes like Polypropylene , Polyethylene, ACC, steel and
FRP were introduced in the market, but they were not good enough to replace PVC pipes
The number of plastic manufactures has declained in recent years, as a result
Of the spiraling number of mergers and acquisition. Acceleration consolidation amongst
plastic manufacturing is generally greater bargaining
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Power of parties The replacement of traditional material is continued product developed
in the market forward. Assessing what will happen
Is 2009 considering that the U.S economy it believes that the most critical
Power of international crisis is over that the U.S economy is already
Showing signs of recovery, present P.V.C consumer indication of
Recovery in the 1st quarter of 2009. U.S P.V.C economy should show
Positive result in the second half of the year. Brazil is doing the situation
Of Argentina is also working.
Western Europe became the driving force behind the implementation of plastics in pipe
systems in pipe systems after the second world war. The availability of low cost ‘
Thermoplastics ‘ combained with an enoromous need for infrastructure replacement , led
to huge increase in the use of polymers.
Operating pipe market sectors currently are Hot & cold water pipes, Pressure pipes, &
non- pressure pipes.
Plastic pipes have a great future in a variety of sectors including.
Plumbing Irrigation Portable drinking water Mining Oil & gas production Natural gas distribution Industrial chemicals
INDIAN SCNEARIO
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Poly vinyl chloride is the most important of all the commodity plastic
consumed in the country. Used in a variety of application substituting traditional
materials such as steel, glass, etc. The demand for
P.V.C was around 43600 tones in 2001- 2003 and is expected to rise to 445000 tones
in the following year.
Following the international market and varying level of production in P.V.C and
polymer prices in India had up to 7% to % 15 in six months up to the end of
September 2005. There were further changes in October
While this may be in keeping with the rising global oil and polymer prices, plastic
process came up with duty on imports. Petrochemicals are hydrocarbons derivatives
and are usually obtained from crude oil and natural gas. The product of crude oil
refining is preferred feedstock because of their lower cost availability and process
ability.
PVC is the single largest polymer produced in the domestic market accounting for
lower 26% of the total polymer market. The business has been badly affected mainly
due to absence of the government purchase policy due to change the priority on the
lack of adequate funds. A change in the government in some important states has
been responsible for the change priority. The higher incidence of government taxes
in some states like Maharashtra from the end of 1998 untill the end of 2000 has also
exerted additional resistance in the market price.
The excess capacity of about 1000 players in the PVC sector and very low value
also caused problem of qualities and business of non-standard products. Some of the
states have therefore initialized an action of demanding purchase from only those
players who have acquired ISO 9000 CERTIFICATION . On the other hand, plastic
market for several small sized players spread all over the country having almost
40% share of business are aggressively pushing products purely based on cost
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without adherence only about 10 players with in the sales volume beyond 5-10kt of