JYOTI Engineering CO. Project Report-Prince Dudhatra

8/2/2019 JYOTI Engineering CO. Project Report-Prince Dudhatra

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A PROJECT REPORT ON

JYOTI ENGINEERING CO.PREPARED BYVADHER ASHOK

ROLL NO. 36SECOND YEAR B.B.A.

GUIDED BYMRS. DINA MADAM

ACADAMIC YEAR2008-09

SUBMITTED TOSAURASTRA UNIVERSITY

RAJKOTSHREE H.N.SHUKLA COLLEGE OF

IT & MANAGEMENT

RAJKOT

1



PREFACE

I have a great pleasure in presentation of this project on JYOTI ENGINEERING CO.industry which is the practical study of theabove company.

B.B.A. is the abbreviation of bachelor of business administration and management andit is a professional requires the situationexists in practical so, far as my practicalreport is concerned.

In this report there are various sectionswhich give the actual idea about finance,personal marketing which is the mostimportant department of the company.

I have got lots of knowledge through thepractical study of the company and I have gotknowledge of administration and marketingso, I am very much thankful to theorganization collage and Saurastra University.

Acknowledgement

The project report on JYOTI ENGINEERINGCO. industry was very exiting for which I havethank the principal MR. SDR MEHUL SIR whoallowed me to visit this industry.

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I am also grateful to PRO.DINA KANANIproject in charge of S.Y.B.B.A. who reallyhelped in making my project by guiding me.

My sincerest thanks to MR. BHARATBHAIPATEL owner of the company who gave me allthe information regarding JYOTI ENGINEERINGCO. industry my taking out time from his busyschedule.

3



Declaration

I undersigned MR. VADHER ASHOK thestudent of S.Y.B.B.A. by declare that theproject work presented in this report is myown has been carried under the supervision of PRO.DINA KANANI of H.N.SHUKLA COLLAGE OFIT & MANAGEMENT, SAURASTRA UNIVERSITY RAJKOT.

This works has not been previouslysubmitted to any other university for anyother examination.

DATE:

PLACE:

SIGNATURE OFSTUDENT

(VADHER

ASHOK)

4



INDEX

SR. NO. CONTENT PAGE NO.1 GENERAL INTRODUCTION 62 PRODUCTION DEPARTMENT 193 MARKETING DEPARTMENT 284 FINANCE DEPARTMENT 395 PERSONAL DEPARTMENT 50

6 FUTURE PLAN 707 SUGGESTIONS 728 CONCLUSION 749 BIBLIOGRAPHY 76

5



Index

SR. NO. CONTENT PAGE NO.1 INTRODUCTION 82 PROFILE OF THE

COMPANY9

6



3 HISTORY &DEVELOPMENT

11

4 SIZE OF ORGANIZATION 12

5 FORM OF ORGANIZATION 136 LOCATION OF THE

COMPANY15

7 BENEFITS OFESTABLISHMENT

LOCATION & PLACE

16

8 GENERAL ORGANIZATIONSTRUCTURE 17

9 GOAL OF THE COMPANY 18

7



Introduction

JYOTI ENGINEERING CO. is located atPlot no. K-1/5.Aji. G.I.D.C.,Nr. Anchor polymers,Rajkot – 360002.

This unit was established in 1996. This isa medium scale industry; JYOTI ENGINEERINGCO. industry is one of the gas partsmanufacturing company.

The growth of JYOTI ENGINEERING CO. iswell received and acknowledges in India. Weat JYOTI ENGINEERING CO. theory exploited

and have new become a name in the nationalmarket to expansion of JYOTI ENGINEERINGCO. lead to continue demand for varioustypes and size of gas parts such as LPGburners etc.

8



Profile of the company

1. Name of the company: JYOTI ENGINEERINGCO.

2. Address: Plot no. K-1/5,Aji, G.I.D.C.,Nr. Anchor polymers,Rajkot – 360002.

3. Telephone no.: +91-281-2389700/6452700.

4. Fax no.: +91-281-2389700.

5. E-mail: [email protected]

6. Forms of organization: Privet sector.

7. Company owner: BHARATBHAI PATEL.

8. Size of unit: Small scale industry.

9. Year of establishment: 1996.

10. Weekly rest day: Monday.

11. Time keeping: 8:00 a.m. TO 8:00p.m.

Recess: 12:00 a.m. TO2:00 p.m.

12. Total employee: 30.

13. Turn over: 30 lacks.

9



History and development

MR. BHARATBHAI PATEL owner of JYOTIENGINEERING CO. and the companyestablished in 1996 in Rajkot. MR,BHARATBHAI PATEL has started JYOTIENGINEERING CO. They were producing onlyL.P.G. burners for gas.

Now days because of great relation andsuperior quality company produce manytypes of L.P.G. burners and original gasequipment and today because of excellentperformance they have lots of satisfiedcustomers in India as well as internationalmarket.

They were treatment progress of JYOTIENGINEERING CO. during 19 to 19 and theyexpand their business in international market.

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Size of organization

The classification bases on the basic of size in identified in term of capital investmentas per size of organization divided in threecategories are as follow.

It starting investment of company is less

then 3 cores then it is consider as small scaleindustry. It is between 3 corers to 100 corersthen it is consider as medium scale industry.It is more then 100 corers then it is consideras large scale industry.

JYOTI ENGINEERING CO. was started with

starting investment of 3 corers so we canobviously consider that JYOTI ENGINEERINGCO. is small scale industry.

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Form of organization

Forms of the organization can beclassified in three categories on the basic of ownership.

Private sector. Public sector. Joint sector.

1)PRIVATE SECTOR:

Private sector is those sectors whoowned, managed and controlled by privateindividual. The followings are the type of private sector.

Sole proprietorship

Partnership Hindu undivided family Co-operative society

2)PUBLIC SECTOR:

Public sectors are the forms of organization established for public goods

under a special act of assembly derivingindependent entity and internal autonomythrough the same act

FOR EXAMPLES: Government Sector Public Sector Government Department

3)JOINT SECTOR:

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Legally the joint sector is an artificialperson created by law for carrying on somebusiness by an association at person. It

asserts that a company has a legal entity of its own in the sense that it has powers andcharacteristics determined by the provisionsof law and a constitution formed inaccordance with them.

From above discussion we can simply saythat JYOTI ENGINEERING CO. is a partnershiporganization.

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Location of the company

Site selection is an important activitywhich decides the business. A goodlocation may reduce the cost of productionand distribution helps in elevating either thecompetitive strength or the profit margin of the business.

Location of the unit is most importantfactor for company. Because company startall activity from location and growth anddevelopment of any company is largelydepend on location. Location is must beselected after long thinking because it is a lifelong decision. Company has to consider

following factor at time of selection of location. JYOTI ENGINEERING CO. has choose ideal

location it is located atPlot no. K-1/5.Aji, G.I.D.C.,Nr. Anchor polymers,

Rajkot -360002.

15



Benefits of establishmentlocation & place

One of the early decisions that onentrepreneur have to make is the choice of alocation or place it is nothing but establishingand industry at a particular place.

The objective of getting more profit is

achieved only when the plan is at a rightplace where economics of all kind inproduction is available.

BENEFITS: The company located at near the high wayand company can get raw material and

transport facilities easily.Company located at aji G.I.D.C.S. so it getspowers and fuel labors and finance easily.It is in G.I.D.C. area so; they can also getgovernment help.

The advertisement can also be increasedbecause establishment near to highway.

General organization structure

Organization chart is for providinginformation relationship an organization chart

is diagrammatical structure is group of persons who are working in the firm IT givesguideline regarding superior and subordinaterelation.

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CHART

OWNER

GENERAL MANAGER

SUPERVISER

WORKERS

17



GOAL OF THE Company

Each and every organization has onecommon objective and that is profit. JYOTIENGINEERING CO. has also the object of profitbut it is in reasonable proportion objective of

JYOTI ENGINEERING CO. are as under.

To get reasonable profit. Create more and more customers and

satisfy them. Try to improve every next production. Maintain international standard.

18



19



INDEX

SR. NO. CONTENT PAGE NO.1 INTRODUCTION 21

2 ORGANIZATION CHART 223 PRODUCT OF THECOMPANY

23

4 PRODUCTION PROCESS 245 RAW MATERIAL USED IN

THE PROCESS25

6 QUALITY CONTROL 26

7 PACKING PROCESS 27

20



Introduction

Production is the heart of any industry. Allthe activities start with production in thecompany. It is necessary that productiondepartment run effectively and efficiently.Because, if company runs productioneffectively and then company can run otheractivity forward.

“production is an organized activity of converting raw material in to final product.”Every process of converting raw material in tofinal goods is known as production process.

Production means creation of activitiesand the covers all the activities procurement,

allocation, and utilization, of materialequipments, machinery etc. to satisfycustomers needs and wants and desire.

In JYOTI ENGINEERING CO. Mr. Keshubhaiis the head of production department. Helooks after every activity of productiondepartment very effectively and efficiently.

21



ORGANIZATION CHART

22

OWNER

PRODUCTINMANAGER

ENGINEER

QUALITY CONTROL

DEPARTMEN

R & DDEPARTMEN

T

SUPERVISOR

WORKERS



Product of the company

All managerial activities revolver aroundproduct it is the basic thing to be thought.Many units misunderstand the concept of product and give only importance to physicalgoods rather then it service it doesn’t meanthat they should ignore physical appearancebut benefits of goods should be carriedbecause customers have direct relation withbenefits.

JYOTI ENGINEERING CO. was start withproducing L.P.G. burners but now days thecompany producing many types of L.P.G. Thecompany products are as under.

L.P.canteen burner Bottom burner Torch burner Mixing tubes H.P.fiting adapters L.P.G.valves

23



24



25



Production process

C.I.CASTING

TURNING

FITTING

PAINTING

PACKING

DISPATCHING

26



Raw material used in process

For each and every product there aresome materials which are transferred in tothe final product it is known as raw materialfor that product. Production is start with rawmaterial.

Raw material is the basic component of product; raw material cost is the major cost inthe all of the product.

JYOTI ENGINEERING CO. uses c.i.castingas a raw material to produce L.P.G. burnersand equipments Flour mills. They use onlyc.i.casting as a raw material. JYOTIENGINEERING CO. always uses good raw

material in the production process. Theynever fraud with their suppliers. The companypurchases the raw material from Rajkot cityand Mumbai city.

27



Quality control

JYOTI ENGINEERING CO. is veryconscience about quality of product. They uselatest machinery and equipment for bestquality. This company is well equipped withchemical analysis laboratory for analyzing thechemical composition of prime raw materialc.i.casting. Main function of laboratory is toverify the chemical composition of c.i.castingas per IS/ISO norms.

The burner fatness and vibration tester isused for checking the noise and vibrationH.P.canteen burner, torch burner, R.V. burner,mixing tube. This instrument is used for

upgrading the quality of JYOTI ENGINEERINGCO.

28



Packaging process

Packing is very important becausewithout proper packing it may possible thatproduct get damage.

Each burner is packed inflexible laminated pouch. Individual box packing. Wooden case packing as perSTD quality. After completing of packingeach preserve in bounded store room.

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30



INDEX

SR. NO. CONTENT PAGE NO.1 INTODUCTION 302 ORGANIZATION CHART 313 PRICING POLICY 324 ADVERTISEMENT 345 CHANNEL OF

DISTRIBUTION35

6 SALES PROMOTION 367 MARKET SHARE 378 MAJOR COMPETITIORS 38

31



INTRODUCTION

Marketing is nothing but to try to peoplemake aware about our product. Marketing issocial and managerial process. By whichindividual and group obtain what they needthrough marketing.

The American marketing association offersthe following definition.

“Planning and executing the conception,

pricing, promotion and distribution of ideas,goods and service to create exchange thatsatisfy to create exchange that satisfyindividual and organizational goals.”

The marketing management representsthe functional areas of business managementfor the flow of goods and services fromproducer to consumer. It looks after marketingsystem of the enterprise. Marketingmanagement performs all managerial functionin the field of marketing.

Marketing management is the art andscience of choosing target market and getting,keeping and growing customer throughcreating delivering and communicating

superior customer value.

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ORGANIZATION CHART

33

OWNER

GENERAL MANAGER

MARKETING

MANAGER

EXECUTIVE DEALERS

SUB DEALERSASSISTANCE



Pricing policy

Price of the product or price decisionplays a very crucial role in the development of any industry. Factor Company should saletheir goods at that price which includes allexpanses and reasonable profit. JYOTIENGINEERING CO. includes following cost fordecide the price of the product.

RAW MATERIAL COST: JYOTI ENGINEERING CO. includescost of raw material. In rawmaterial they use raw material asc.i.casting and cost of c.i.castingare included in the price of theL.P.G. burner.

PROCESS COST:In the process cost they includeelectricity expanses, machineryexpanses and wage expanses.

MARKETING COST:Expanse which is done for themarketing or selling are to beincluded in marketing cost likeadvertisement, transport and

other selling expanses. ADMINISTRATION COST:

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Office expanse like telephone bill,stationary expanses etc. are to beincluded in to administration cost.

35



ADVERTISEMENT

Modern market as a competitive market.Now days the advertising is a powerful toolsincrease the sales. None of the company canstand in market without powerfuladvertisement. It is inseparable part of thebusiness advertisement is one waycommunication between the producer andconsumer. Now day’s newspaper, radio,television, hording etc. are media of advertisement.

JYOTI ENGINEERING CO. uses as media of advertisement as under,

Handbag

Telephone diary Telephone directory Business magazine

36



Channel of distribution

The company can not sale its goods directly tothe customers they need to create a channel todistribute goods to the customers and this channel isknown as distribution channel or market channel. Itis set of interdependent organization involved in theprocess of making product or service available foruse of consumption.

Market channel performs the work of moving

good goods from producer to consumer. Itovercomes the time, place and possession gapesthat separate goods and services from those whoneeded or want them.

JYOTI ENGINEERING CO. follows the followingdistribution channel to distribute goods to thecustomers.

MANUFACTURARER

DEALERS

WHOLESELER

RETAILERS

CUSTOMERS

37



SALES PROMOTION

Sales promotion includes those marketingactivities other then personal selling,advertising and publicity at stimulatingconsumer for purchasing.

Sales promotion means to efforts toincrease the sales. It is necessary today toincrease the sales. It is part of

marketing in short it is extra facility given tothe customers.

Such activities are promoted shows,exhibition and demonstration fair and manyother activities are done. In short all thoseactivities done by the company that helps toincrease the sales of the company.

JYOTI ENGINEERING CO. gives differentschemes to the customers and they giveburner in various weight, price and size toincrease the customers and because of theirefforts their sales was increase in year toyear.

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Market share

Market share means the proportion of sale of the company’s goods out of whole saleof same goods in a country, state or city.

In total sale of L.P.G. burner market saleof JYOTI ENGINEERING CO. brand burner ismore then 15%, Means Company have 15%market share in L.P.G. burner market.

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Major competitors

Competitor is very good for the customerbecause they can get better quality incheaper. Competitors are playing a major rolein marketing some time they become reasonof success of a unit is an every unit acceptthem as challenge. The entire unit mustknowledge of competitor activities and theirstrengths they includes features anddevelopment activeness of the company orfirm because to develop new products are thebasic and fundamental of competition market.

This plays role of competitor against theirorganization.

In the market there are many companieswhich are producing same kind of goods. These companies are known as competitors of particular company.

In case of JYOTI ENGINEERING CO. thereare many competitors L.P.G. burner in themarket like hiten light, M.B.I. engineering.

40



41



INDEX

SR. NO. CONTENT PAGE NO.1 INTRODUCTION 412 ORGANIZATION CHART 423 FINANCE PLANNING 434 CAPITALIZATION 445 CAPITAL STRUCTURE 45

6 MANAGEMENT OF WORKINGCAPITAL 46

7 MANAGEMENT OF FIXEDASSETS

47

8 PROFIT & LOSS ACOUNT 489 BALANCE SHEET 49

42



Introduction

Finance department of any company isvery important and very necessary becausefinance is the soul of the company. In otherwords finance is for business. Without financebusiness is not important.

For utilization of different activity whatever amount is received from differentsources for certain objectives is known asfinance. Finance is life blood for anyorganization. According to Solomon, “Financemanagement is concern with the efficient useof an important economic resources namelycapital funds.

Finance management refers toacquisition utilization and maintenance of amount received from different sources to beutilized in different activities to achievecerten an objective.

The main purpose of finance departmentis providing to finance of the marketing

department and production department.

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ORGANIZATION CHART

44

OWNER

FINANCEMANAGER

ASSISTANTMANAGER

FINANCEEXACUTIVE

ACCOUNT &AUDIT

OFFICER



Financial planning

Finance is that function of organization whichshould be used in proper way. There is always scareof finance in an organization. The financial managershould have planning of finance.

One of the most important functions of themanager is that of planning. In order to formulateplans he must first know his company’s immediateposition. Financial planning is essential andprofitable use of funds a use which is determined byrealistic investment decisions.

The success or failure of production anddistribution department depends upon the manner inwhich the finance is performed.

In JYOTI ENGINEERING CO. Mr.Laljibhai is headof finance department. He makes all planning of

finance in Jyoti engineering co. He collects finance atlowest rate and makes proper use of it. He makesrecords finance and study the financial condition of Jyoti engineering co. He makes planning for bothlong term and short term.

In such plans, they make budget which standardand actual performance and results are regularlycompared with these budgets. These activities helpthem to control expenditures if they run beyond thebudget.

CAPITALIZATION

According to A.S. dewing “The termcapitalization or the valuation of capital includes the

capital stock and debts.” Capitalization indicates thetotal pure value of outstanding amount of debentures capital and the face value of other longterm obligation.

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OVER CAPITALIZATION:

Over capitalization mean over investment

of capital and far from optimuminvestment. Some times the planning andthe decision for any business are donewithout estimate the problem of overcapitalism arise.

UNDER CAPITALIZATION:

Similarly under capitalism is also notacceptable for the business as wellincreases depreciation and finally it will beharm full for business calculator.As JYOTI ENGINEERING CO. is a privatelimited they have not provide methodinformation about capitalization.

Capital structure

Economics speak of capital as wealth,which is use in the production of additionalwealth. It is permanent financing of a firmrepresent by long term debt. Plus preferred

stock, plus net worth in the Jyoti Company’scapital structures is as given bellow.

Share capital Rs.Authorized share

capital2500000

reserves and surplus 2026700Borrowed capital

Secured loan 1499000Unsecured loan 1042100

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Management of working capital

In simple words working capital meanscurrent assets but in economics workingcapital is requires for cover the operationalexpenditure of enterprise.

Working capital some time it called asnew working capital. It represented by excessof current assets over current liabilities andidentifies the liquid portion of total enterprisecapital, which consist the margin of butter formaturing obligation with in the ordinaryoperating cycle of business.

Working capital is most important part of every business unit. This should be enough

working capital in business. Generally workingcapital is considered as different betweencurrent assets and current liabilities.

In JYOTI ENGINEERING CO. they have idealratio of working capital as follows

Working capital = current assets – current

liabilities.

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MANAGEMENT OF FIXED ASSETS

Company is very careful about it’s fixedbecause fixed assets are very much importantin any of the company. Every company ismanaging the fixed assets.

Fixed capital is that capital which is usedfor long time period. This capital is notpurchased for selling purpose but they arepurchased to use it. Fixed capital includeland, building, machinery etc. these all assetsare purchased for long time period. To keep itfor long time and to use it in best waycompany requires managing it.

JYOTI ENGINEERING CO. has fixed assetsof Rs.32, 47, 56,300 and they used it at bestway. The company adopted straight linemethod for count depreciation on assets.

PROFIT & LOSS ACCOUNT

Profit and account of year ending 31/3/06PARTICULER AMOUNT PARTICULER AMOUNT

Salary and

wages

3306000 Gross profit 35417800

Indirectincome

2278100

Administratio 6103000

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n exp.

Advertisemen

t exp.

4643500

Net profit 236434003769590

0

3769590

0

49



BALANCE SHEETBalance Sheet as on 31/3/06.

LIABILITIES AMOUNT ASSETS AMOUNT

Ownercapital

74434000 Fixedassets

163878150

Generalreserve

40600000 Currentassets

93227890

Securedloan

63028000

Unsecuredloan

27813000

Currentliabilities

406240

Provision 1061104025710604

0

25710604

0

50



-

INDEX

SR.NO CONTENT PAGE

51



NO.1 INTRODUCTION 522 ORGANIZATION CHART 53

3 TIMEKEEPING SYSTEM 544 MANPOWER PLANING 555 RECRUITMENT &SELECTION 566 TRAINING DEVELOPMENT 597 INDUCTION PROGRAM 618 WAGES & SALARY

ADMINISTRATION

62

9 TRANSFOR & PROMOTION 6410 FACILITIES PROVIDES TO

EMPLOYEES66

INTRODUCTION

In business every activity are done byman. Manpower is most important power in

every organization. It is necessary that to usemanpower in such way so that maximumoutcome is possible. There is need of

52



personnel management in an organization toget maximum output.

“Personnel management is planning,

organizing, directing and controlling of procurement, development, compensation,integration, maintenance and separations of human resources to the and that individual,organizational and social objectives areaccomplish.”

-FlippoIn JYOTI ENGINEERING CO. Mr. Kaushal

Vadher is head of personnel management. Their work as a personnel manager is verynice. Because he never gives any chance of arising problems.

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ORGANIZATION CHART

In any of the company is most importantthing is organization structure. All thecompanies’ organization structure is different.In some of the company top to bottom and insome of the company bottom to top levelorganization structure. Company requires orneeds which type of structure of the companywork.

In this company organization structure istop to bottom level. This company takesdecision at top level.

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OWNER

GENERAL MANAGER

PERSONAL MANAGER

CLEARK RECEPTIONIST

TIME KEEPER COMPUTER OPRATER



Time keeping system

Time is most important for every one timenever stop for any one. We should use ourtime properly.

Time keeping system is very essential forthe regulation of employees and formaintaining the productivity of the unit.

JYOTI ENGINEERING CO. believes thatevery work should be done in time. It believesthat work which is done after definite timeperiod. JYOTI ENGINEERING CO. is very strictas far as time is concern.

In JYOTI ENGINEERING CO. there is cardsystem. Everyone has to write their entry

time and leaved time. General shift of company is as under.Day shift: 8.00a.m. TO 8.00p.m.Recess: 12.00a.m. TO 2.00p.m.

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Manpower planning

Manpower is the most important power tohandle the firm. Once this arrange taste iseasy. Manpower planning is a process toensure that the right people processingneeded skill of the right time is available toperform the JYOTI ENGINEERING CO. is followsuch a process.

If any workers have certain skill companywill try to develop his/her skills and gives achance to implement it.

In JYOTI ENGINEERING CO. there are twotypes of employees.

1. Unskilled employees - 202.

Skilled employees - 10

The total figure of manpower of JYOTIENGINEERING CO. is about 40.

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Recruitment & selection

Recruitment and selection is a veryimportant work in any of the company. Anycompany has good machines but workers arenot properly so goods are maid not good.

RECRUITMENT:Recruitment is the process of searching

for prospective employees and stimulatingthem to apply for job in the organization.

There are main two sources forrecruitment.

1.Internal sources.2. External sources.

JYOTI ENGINEERING CO. adopts both the

type of sources for recruit person. Forunskilled worker they use internal sourcesthey get unskilled workers on reference of current or previous workers and for skilledworkers and official staff they use externalsources, they give advertisement in NEWSPAPER and recruit employees.

SELECTION:“After application of recruit numbers of

employees are secured through differentmethod or recruitment, selection processbegins. the main purpose of selectionprocedure is to find the right man for job.”

Selection means to choose qualified

persons out of all. JYOTI ENGINEERING CO.has they own system to select an employee.

They arrange interview, take test according to

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post, and then they select right person forright job.

Selection refer to select the employee

who is most efficient in work will be selectedto fill up the vacancies at managerial level;they ask the applicants prescribed applicationform. An applicant is required to fill up amatter of the application from of whichfollowing are more important.

EDUCATION: To apply for the job at managerial

level in this unit, the applicant must bequalified.

EXPERIENCE:Experience of the applicant is very

important and they also require the name of the last employer and reason to leave that

job.REFERENCES:

To apply for the job at managerial

level in this company, the applicant must behaving a reference of either an employee of this unit or of a well- known person. Afterstudying all the applications applicants arecalled for an interview and they requiredemployee and workers are selected.

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TRAINING AND DEVELOPMENT

Training is very important for company.For employee in making product. So trainingis the act of increasing knowledge and skill of workers for doing specific job. If employeemake product without training they may bemake mistake in product, so it makes badimpacts on the customers so it makes impact

on the product. So every company must havetrained employees.

Training and development is necessaryfor every worker. Workers can improve theircapacity through for getting work efficientlyand affectively.

JYOTI ENGINEERING CO. gives training to

workers by two methods.On the job trainingOff the job training

ON THE JOB TRAINING: Through this method they provide

training to workers. First, supervisor providestraining to worker practically and observingthat worker to works according to that.

OFF THE JOB TRAINING: Through this method they provide

training to office staff. They arrange lecture,

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conference or case study in factory premisesor out of factory premise.DEVELOPMENT:

Development is also one kind of training for development of the workers.Company arranges various seminars by otheragencies. The main purpose behind it is theylearn about leadership, effectivecommunication, decision making power andother skills.

The company supervisor of takesthe responsibility to train the new workers inthe organization. The process of developmentis done for employee at high level.

Induction program

Once a candidate selected at place on heshould be introduces in company policies andprograms to his superiors and with companyworkers. It is a welcoming process to the newcomes. When a new person joins thecompany he person may feel nervures inbeginning.

As per Armstrong

“Induction is the process of receiving andwelcoming employees when he first joint

company and giving basic information, hemeets to down quickly and happily startwork.”

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In JYOTI ENGINEERING CO. company inductionprogram held by H.R. manager he provide all

the information such as company history,

growth, personal policy, rules of discipline,detail regarding

Facilities provide in the company,relation between employer and employees,information about holidays and working andworking hours etc.

Wage & salary administrationWages salary is reword of work for every

employee wages or salary should be rationaland enough for employee’s work.

Wages means price paid for the use of labour according to dale Yoder and Heneman,

“wages are the compensation of the wageearner. The numbers employees who use thetools and equipments at employee inproducer produce goods and service that aresold by their employees”.

Basic purpose of wages and salaryadministration is to establish and maintaineffective wage and salary structure. Properand regular wages and salary helps to avoidindustrial disputes moral of worker andefficiency of worker.

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JYOTI ENGINEERING CO. gives Rs.70 to

unskilled worker and Rs.120 to Rs.150 toskilled workers. They give wages on dailybasic at the end of month. They giveminimum Rs.3000 and maximum Rs.10000 onthe basic of post of employees.

For the engineer salaryMinimum Rs.10000/- per month to Rs.

25000/- or more.Because of good wages and structure

they never find any problem related to salaryor wage.

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Promotion and transfer

• PROMOTION:In any industry promotion is most

important because without promotion workersinterest in work decreases. Promotion is veryrequiring in this industry workers experienceand work is good at that time give apromotion.

Promotion means to increase theauthority and responsibility of an employeeby increasing his post. An organization cangive promotion by two ways.

- On the basis of seniority.- On the basis of

performancePromotion on the basis of seniorityconsiders the number of year in whichemployees perform that work and promotionon the basis of performance consider talentand power of employee.

JYOTI ENGINEERING CO. gives promotion

to the employee on the basis of performancebecause it is private company. If they willfound the satisfied performance then theypromote the employee.

TRANSFER: Transfer means to change the work place

of employee without changing his post,authority, responsibility or salary.

Transfer possible in any way such as

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One shift to other shift One department to other department One organization to other organization

One city to other city etc.In JYOTI ENGINEERING CO. they transfer

employee to other department if they needed,but transfer him to another place is notpossible because they have only one premise.

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Facilities provide to employees

Employees and workers are valuableassets of organization. To get more work andmaintain their interest toward work onlysalary is not enough to motivate anemployees. Non financial incentives are alsorequire motivating the employees.Management is concerned with attract in and

keeping employees whose performancemeets at least minimum level of acceptability.

The provision of “benefits and services” isimportant in maintaining the employees andreducing of keeping turnover andabsenteeism low.

JYOTI ENGINEERING CO. provides many

facilities to motivate the employees. Theyprovide following facilities to the employees.

1. CANTEEN FACILITY: JYOTI ENGINEERING CO. has its own

canteen for its employee is provided qualityfoods. They also provided tea and breakfastfor employees. The company also offers sodawater to the employee in the month of April,

May and June.1. SAFTY EQUIPMENT:

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JYOTI ENGINEERING CO. is very consciousfor safety of employees. They provide Helmet,goggles, glows, etc. on their job.

. MEDICAL FACILITIES:Company provides facilities of medical

check up a physician checks every employeeand on every Friday, an E.N.T. surgeon ondental surgeon or a skin specialist checks theemployee. Apart from this a chest X-Ray of every employee is taken every three years.Also there is a pathology lab, cardiogrammachine and a doctor’s room at the industrialsite itself.

3. ANNUAL BONUS:Every year at a time of Diwali they

provide bonus to every employees andworkers as per their job status.

. BIRTHDAY GIFT:Each employee is given a gift on his/her

birthday that also from the general manager.

. UNIFORM FACILITY:In order to create Environment where the

workers breathe the air of unity and also tomake them feel that they all are a part of onefamily the company provides them uniformwhich is common for its entire employee i.e.from management to workers. To work manthey provide strong cotton uniform and tooffice staff they provide terry cotton uniform.

. CULTURAL ACTIVITIES:

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The company arranges cultural programsfor its employee. Here they celebrate allnational festivals like 15th August, 26th January

etc. and at the time of other festivals like Holi,Diwali, and Navratri etc. with its employees.

. GIFTS ON COMPLETION OF CERTAIN YEAR OF SERVICES:

The company gives gifts to its employeeson completion of certain years of theirservice.After 20 year of service they give wrist watch.After 25 year of service they give Rs. 12,000.After 30 year of service they give Rs. 15,000.

Very few industries provided so manyfacilities to their employee and treat each oneof them so personality and JYOTI

ENGINEERING CO. is one such company it isIndia’s pride.

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FUTURE PLAN

JYOTI ENGINEERING CO. is progressivecompany. It exports their product in manycountries and it has following future plans.

- They have purchased a land in G.I.D.C.Metoda at kalawad highway and theyare going to set latest machinery andequipment over there.

- They have purchased another building inAji industrial area, and they are going tostart producing over there in short time.

- They are trying to increase market sharein burner market.

- They people are trying to reduce actual

cost of the product and want to givemore benefits to the consumers.

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SUGGESTION

Actually we are just student and to writesomething as a part of suggestion. It is not orcapacity but this B.B.A. faculty has involved.Practical study in B.B.A. course, so student have towork as their report.

JYOTI ENGINEERING CO. is well developingcompany and it is doing its job very well but aftervisiting JYOTI ENGINEERING CO. Introduction wouldlike to say something for the JYOTI ENGINEERING CO.

The area where ‘JYOTIENGINEERING CO.’ Company situated is notenough for company’s production so that theyshould have to expand it.

Second thing is that they shouldadvertise their product by any media. I think to

achieve their goal advertising is the beat way tomaking a good image in market.

Company needs to increase salespromotion activities.Hence I wished that company will try to remove

its faults as soon as possible and expand theirbusiness. I wish delight and bright future for coming

years.

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CONCUSION

After visiting JYOTI ENGINEERING CO. Ifeel very glad that I had been part of it forsometime. This visit gave me much practicalknowledge and a very good experience.

The unit is also enquired with the latesttechnologies and modern machines. The staff and workers are also well organized and Co-operative.

I have only learned a view about theworking of finance. Personal & marketing buthave also learned as the technical andmanufacturing fields are concerned.

Looking to the units properly and orderlymanagement, I would like to give my bestwishes for each and every step they take forexpansion and for attaining a bright future.

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BIBLIOGRAPHY

For general informationCompany website –WWW.REAINDIA.COM

For other informationMarketing management

Principle and practice of management

Financial management

JYOTI Engineering CO. Project Report-Prince Dudhatra

Documents