jeet (rimnut)

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INTRODUCTION The small scale industrial sector which plays a pivotal role in the Indian economy in the terms of the employment and growth has recorded a high rate of growth since independent in spite of stiff competition from the large sector and not so encouraging from the govt. SSI units are engaged in wool , silks, synthetic fiber jute textile paper products and printing ,leather and chemical product metal product machinery (electrical & non electrical ) transport equipment . The share of the exports from the SSI represents about 33% of total exports in the 1999-2000.

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Page 1: Jeet (Rimnut)

INTRODUCTION

The small scale industrial sector which plays a pivotal role in the Indian economy in

the terms of the employment and growth has recorded a high rate of growth since

independent in spite of stiff competition from the large sector and not so encouraging

from the govt.

SSI units are engaged in wool , silks, synthetic fiber jute textile paper products and

printing ,leather and chemical product metal product machinery (electrical & non

electrical ) transport equipment .

The share of the exports from the SSI represents about 33% of total exports in the

1999-2000.

Page 2: Jeet (Rimnut)

PROJECT AT A GLANCE

Name of the unit : SHREEJI INDUSTRY.

Name of the Partners : Mr. BHATT AKSHAY

Mr. KANANI VIREN

Address of the unit : M.P.Shah Udhyognagar,

Jamnagar.

Types of the unit : Partnership Firm.

Nature of the unit : Manufacturing industry.

Name of the products : Rim Nut

Size of the unit : Small Scale Unit.

SSI Registration No. : Application has been made.

Subsidy Registration no : Application has been made.

Total Workers : 25 Workers

Page 3: Jeet (Rimnut)

GENERAL

INFORMATION

Page 4: Jeet (Rimnut)

PARTNERS DETAILS

PARTNER: 1

Full Name : BHATT AKSHAY

Age : 21yrs.

Address : Victoria bridge, majithia building, block no. 1

Jamnagar 361001

Educational Qualification : B.B.A

Nature of Work : Operational Department

Capital Contribution : 50% of total owned investment.

Work Experience : 2 years.

Page 5: Jeet (Rimnut)

PARTNER: 2

Full Name : VIREN KANANI

Age : 25yrs.

Address : Saru Section Road, Panchvati Gaushala, Plot

no. 56/57 “Shreeji Krupa” Jamnagar 361008

Educational Qualification : B.B.A., M.B.A.

Experience : had been working as vice-president at

“KHABAR COMMUNICATION PRIVATE

LIMITED”

Nature of Work : Marketing Department

Capital Contribution : 50% of total owned investment.

Work Experience : 2 years.

Page 6: Jeet (Rimnut)

PARTNERSHIP DEED

The partners of the SHREEJI INDUSTRY are as follows:

1. Mr. BHATT AKSHAY

2. Mr. KANANI VIREN

Here we declare that this is a “Partnership Firm” subject to the following

terms and conditions:

The name of the firm till it exits is “SHREEJI INDUSTRY”.

It will commence its production immediately after receiving the license.

The investment of partners in the firm are as follows:

1st: 50% of total owned investment.

2nd: 50% of total owned investment.

The profit or loss shall be distributed as follows :

1st: 50%

2nd: 50 %

All the partners will act as the Active Partners in the unit.

Above all, the firm is bounded to follow the rules and regulations of the

Partnership Act-1932.

Page 7: Jeet (Rimnut)

PROPOSED LOCATION JUSTIFICATION

While setting up of any industry the prime factor to be taken into consideration

is the location of the unit .Specially for the small scale unit this is the most important

factor to be kept in mind because small scale unit set up in less industrial developed

area enjoys many kinds of benefits like tax exemption, land can acquire at very

reasonable price etc.

We have decided to locate our factory at Jamnagar industrial area because the

business climate condition of Jamnagar is very helpful for brass part industry and also

giant companies like Reliance, Essar, G.S.F.C., etc. the big name in Jamnagar District

make the Jamnagar competitive in the business world. And also some benefits are

available in this area like.

Infrastructure Facility: Infrastructure facility includes the Facility of roads, tale-communication

facility, Bank facility, poeer facility etc. which are very useful in the smooth running

of the business. In Jamnagar the major part is developing and so different kind of

infrastructural facility is easily available.

Availability of land: Land must be available at the proposed site and also at reasonable price .It also

available in enough space so that future expansion can be implemented.

The decision of land is very crucial as it is the permanent and long term

decision. We have decided to locate our industry in M.P.Shah Udhyog because there is

a land available as per our requirement and at a reasonable price.

Page 8: Jeet (Rimnut)

Availability of labour: Jamnagar both skilled and unskilled labours are easily available because

Jamnagar is the centre for the industrial estate in saurastra area. So, there is no

problem for us to get the skilled and unskilled labors.

Availability of power:Power is an important thing to be taken into consideration for the smooth

functioning of the unit .the electricity should be available on the regular basis .there

should be minimum power cuts .so that the does not get disturbs and the production

goes smooth.

Availability of Raw-material:Raw-material should be available in enough quantity & quality, at right time

and at proposed site at reasonable price for smooth running of business.

Brass is the Raw-material for us and it is available easily near by Jamnagar at

local market.

Page 9: Jeet (Rimnut)

PRODUCTION

DEPARTMENT

Page 10: Jeet (Rimnut)

MANUFACTURING PROCESS

The basic need for producing any thing is the Raw-material .Raw-material

should be available in enough quantity quality at proposed place and aright time. Our

Raw-material is the Brass Roads which easily available in the local market of the

Jamnagar.

DRAWING OPERATION:After receiving the roads of brass from the local market, they are drawn from

the drawing machine to reduce their diameter to make them cleared to increase their

quality.

STRAIGHTANING OPERATION:After the roads are drawn from the drawing machine they are put into

straightening machine, it makes the roads straight and smooth .so that there will not be

any break-down or any kind of stoppage in production process.

ROAD-CUTTING MACHINE:Road cutting machine cuts the roads to decrease their length and made them fit

to run in the automatic machine.

PIECE-CUTTING MACHINE:Once the roads are cutted in specific length, they are put into piece cutting

machine, piece cutting machine convert the roads into the pieces of the different item

i.e. Rim-Nut

THREADING PROCESS:After the product is been produced they are threaded with the help of threading

machine this is the final step in the production process.

These are the step to produce the Rim-Nut

Page 11: Jeet (Rimnut)

QUALITY CONTROL DEPARTMENT

Quality of product is playing a vital role in today’s modern business world.

Each & every unit trying to satisfy the actual need of the customer, for that they are

concentrating the quality of product at lower price.

We also follow the same strategy to increase the sale of product, and if the sale

will increase automatically the turnover will increase. Our products are RIM-NUT

which are useful in the tubes of the bicycle it is very necessary to maintain the quality

of product to avoid the leakages of air from tubes of bicycle. Various test is been held

by us during the production process to maintain the quality of product like;

We will arrange various size measurement equipment like, Vanire, Micro-

meter etc.during production process.

After the product is been produced, we are using various guage to check

the hole size & for the threading of the product.

At last we are arranging the chemical taste for the finished products.

FINAL PRODUCT

Page 12: Jeet (Rimnut)

PICTURE 1

PICTURE 2

Page 13: Jeet (Rimnut)

PICTURE 3

PICTURE 4

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PICTURE 5

Page 15: Jeet (Rimnut)

PICTURE 6

PICTURE 7

Page 16: Jeet (Rimnut)

PRODUCTION CAPACITY

A) Installed Capacity:-Sr. No. Product Daily Prod.

(Kg.)

Monthly Prod.

(Kg.)

Yearly Prod.

(Kg.)

1. Rim-nut 300 9,000 27,00,000

Total 300 9,000 27,00,000

Table No. 1 Details of Installed Capacity

B) Utilized Capacity (70%)

Sr. No. Product Daily Prod.

(K.g.)

Monthly Prod.

(K.g.)

Yearly

Prod.(K.g.)

1. Rim-nut 240 7,200 86,400

Total 240 7,200 86,400

Table No. 2 Details of Utilized Capacity

Page 17: Jeet (Rimnut)

LIST OF SUPPLIERS OF RAW MATERIALS

SUPPLIERS OF RAW MATERIALS

Chadrakant Products Near State Bank of Saurashtra

Shankar Tekri, UdyognagarJamnagar -361 004.

Sangam Metal CorporationShakar Tekri, UdyognagarJamnagar - 361 004.

Maheswari Metals Shankar Tekri, Udyognagar Jamnagar 361 004.

Rajshanti Metals CorporationShankar Tekri, UdyognagarJamnagar 361 004.

Senor Metals Corporation GIDC Phase II, DaredJamnagar.

Page 18: Jeet (Rimnut)

LIST OF SUPPLIERS OF MACHIERIES

Panchasara Engineering WorksNear Police Station, UdyognagarJamnagar.

VXL Machine Tools Pvt. LtdShakar Tekri, UdyognagarJamnagar.

Keshavlal & SonsShankar Tekri, UdyognagarJamnagar.

Nitin Engineering WorksDigvijay PlotJamnagar.

Page 19: Jeet (Rimnut)

FINANCIAL

DEPARTMENT

Page 20: Jeet (Rimnut)

MEANS OF FINANCE

Finance is key input of production, distribution, and development. Therefore it is defined as “LIFE BLOOD “of Industry. Sources of Finance will depend upon the different factors like

Size of Firm Type of Firm Production Process

Sources of Finance means from where the finance is procured or from where is the finance made available.

Page 21: Jeet (Rimnut)

FINANCIAL DETAIL OF THE PROJECT

LAND:-

Sr. No. Particular Sq. Feet Price/Sq.feet Total

1. Open Land 5000 Rs.1000 5000000

Table No 3 Details of Land

BUILDING:-

Sr. No. Details Sq. Feet Rate/Sq.Feet Total

1. Factory 3000 500 1500000

2. Godown 600 500 300000

3. Office-Room 300 500 150000

4. Parking 500 500 250000

5. Compound 600 500 300000

Total 5000 25,00,000

Table No 4 Details of Building

Page 22: Jeet (Rimnut)

DETAILS OF MACHINERY:-

Sr. No. Name of

Machine.

No. of

Machine.

Rate /per

Machine.

Total

1. Drawing machine 2 30000 60000

2. Straightening Machine 1 30000 30000

3. Roads-Cutting Machine 2 100000 200000

4. Piece-Cutting Machine 20 20000 400000

5. Threading Machine 10 15000 150000

6. Grinder Machine 4 5000 20000

7. Point Cutting Machine 1 25000 25000

8. Weight measurement

Machine

1 20000 20000

Total 9,25,000

Table No. 5 Details of Machinery

FIXED CAPITAL & COST OF PROJECT

Sr. No. Capital Amount

1. Land 5000000

2. Building 2500000

3. Machinery 925000

4. Contingency 100000

5. Preliminary Exp. 100000

Capital 86,25,000

Table No 6 Details of Fixed Capital

Page 23: Jeet (Rimnut)

WORKING CAPITAL REQUIREMENT:-

RAW MATERIALS:-

Sr. No. Particulars. Quantity Rate/K.g. Total1. Brass 500 315 1,57,500

Table No.7 Details of Raw Materials

UTILITIES (Per Month)

Sr. No. PARTICULARS AMOUNT1 Power 40,000

2 Water 10,000

3 TOTAL 50,000

Table No. 8 Details of Utilities

Page 24: Jeet (Rimnut)

OTHER CONTIGENT EXPENSES (Per Month)

Sr.

No.

PARTICULARS TOTAL

1 Postage & stationary 600

2 Repairs and replacements 1500

3 Oil and lubricant 1000

4 Transport charges 1000

5 Insurance 700

6 Misc. Expenses 600

7 Advertisement & Publicity 600

TOTAL 6000

Table No. 9 Details of Other Contingent Expenses

PERSONNEL:-

T

a b

le

No. 10 Details of Personnel

TOTAL WORKING CAPITAL PER MONTH:-

Sr.

No.

PARTICULARS AMOUNT

1 Personnel 56,000

Sr no. Details No. of

Workers

Salary/per

workers

Total salary

1. Supervisor 3 5000 15000

2. Accountant 2 3500 7000

3. Skilled labour 13 2000 26,000

4. Un-skilled labour 5 1300 5,000

5. Peon 1 1500 1,500

6. Watchman 1 1000 1,000

Total 25 56,000

Page 25: Jeet (Rimnut)

2 Raw Material 1,57,500

3 Utilities 20,000

4 Other contingent

expenses

11,500

TOTAL 2,45,000

Table No. 11 Details of Total Working Capital (Per Month)

COST OF PROJECT:-

Sr. No. Details Amount

1. Fixed Capital 86,25,000

2. W.C. Required 4,00,000

Total 90,25,000

Table No. 12 Details of Cost of Project

Sr. No. Name Of The Partner Capital Bought

1 Jeet Pattani 50,00,000

2 Viren Kanani 50,00,000

Table no.13 sources of finance

SALES, COST OF PRODUCTION & PROFITABILITY OF

PRODUCT ANALYSIS:-

A)DETAILS OF SALES:-

Page 26: Jeet (Rimnut)

Sr. no. Details Rate/Piece Quantity/Piece Amt.

1. Rim-Nut 150 50,000 75,00,000

Total 75,00,000

Table No 14 Details of Sales

B) RAW MATERIAL NEEDED:- Sr. No. Details Rate/Kg Quantity/ Kg Amt.

1. Brass Rs.315 500 1,57,500

Table No.15 Details of Raw-material needed

H) DEPRICIATION:-

Sr No. Details Amount Rate Total

1. Land& Building 75,00,000 10% 7,50,000

2. Plant& Machinery 9,25,000 10% 92,500

Total 8,42,500

Table No. 16 Details of Depreciation

PROFITABILITY STATEMENT

PARTICULARS AMOUNT AMOUNT

Page 27: Jeet (Rimnut)

(Rs.) (Rs.)

Total sales:

Rim-Nut(150*50000)

75,00,000Less: cost of production

Raw materials Needed

Salaries to the employees

Electricity

Depreciation

Administration expenses

Interest On Capital :-

Partner 1 5,00,000

Partner 2 5,00,000

18,90,000

6,72,000

4,80,000

8,42,500

10,50,000

10,00,000

59,44,500Gross profit

Less: tax

Net profit

15,55,500

5,44,425

10,11,075

Table No.17: Profitability statement

PROJECTED PROFIT & LOSS ACCOUNT AND BALANCE SHEETS

Page 28: Jeet (Rimnut)

FOR 1 ST YEAR

PROFIT & LOSS ACCOUNT

Particulars Amount particulars AmountRaw Materials 18,90,000 Sales 75,00,000Salaries & Wages 6,72,000Depreciation :-Land And BuildingPlant And MachineryFurniture

7,50,000 92,500 10,000

Int On Capital:-Partner Jeet 5,00,000Partner viren 5,00,000 10,00,000Electricity 4,80,000Postage & stationary 7,200Repairs and replacements 18,000Oil and lubricant 12,000Transport charges 12,000Tax & Insurance 5,52,825Misc. Expenses 7,200Advertisement & Publicity

7,200

Administrative Expense 9,78,000Net Profit 10,11,075TOTAL 75,00,000 75,00,000

.

BALANCE SHEET

LIABILITIES ASSETS AMOUNTOwners Fund :-Partner J 50,00,000

Land & Building 75,00,000Less Dep. 7,50,000 67,50,000

Page 29: Jeet (Rimnut)

+Interest 5,00,000+ Net Profit 5,05,535Partner V 50,00,000+Interest 5,00,000+ Net Profit 5,05,535

60,05,535

60,05,535

Creditors 4,00,000 Plant & Machinery9,25,000 Less Dep. 92,500 8,10,000Furniture 1,00,000Less Dep 10,000 90,000Misc. Expenditure 7,200Preliminary Expenses 1,00,000Debtors 23,26,935Cash 23,26,935

TOTAL 1,24,11,070 1,24,11,070

PROJECTED PROFIT & LOSS ACCOUNT AND BALANCE SHEETS

FOR 2 ND YEAR

Page 30: Jeet (Rimnut)

PROFIT & LOSS ACCOUNT

Particulars Amount particulars AmountRaw Materials 20,79,000 Sales 82,50,000Salaries & Wages 7,39,200Depreciation :-Land And BuildingPlant And MachineryFurniture

8,25,000 1,01,750 11,000

Int On Capital:-Partner Jeet 5,50,000Partner viren 5,50,000 11,00,000Electricity 5,28,000Postage & stationary 7,920Repairs and replacements 19,800Oil and lubricant 13,200Transport charges 13,200Tax & Insurance 6,08,108Misc. Expenses 7,920Advertisement & Publicity

7,920

Administrative Expense 10,75,800Net Profit 11,12,182TOTAL 82,50,000 82,50,000

BALANCE SHEET

LIABILITIES ASSETS AMOUNTOwners Fund :-Partner J 55,00,000

Land & Building 82,50,000Less Dep. 8,25,000 74,25,000

Page 31: Jeet (Rimnut)

+Interest 5,50,000+ Net Profit 5,56,091Partner V 55,00,000+Interest 5,50,000+ Net Profit 5,56,091

66,06,091

66,06,091Creditors 4,40,000 Plant & Machine 10,17,500

Less Dep. 1,01,750 9,15,750Furniture 1,10,000Less Dep 11,000 99,000Misc. Expenditure 7,920Preliminary Expenses 1,10,000Debtors 25,47,256Cash 25,47,256

TOTAL 1,36,52,182 1,36,52,182

PROJECTED PROFIT & LOSS ACCOUNT AND BALANCE SHEETS

Page 32: Jeet (Rimnut)

FOR 3 RD YEAR

PROFIT & LOSS ACCOUNT

Particulars Amount particulars AmountRaw Materials 22,68,000 Sales 90,00,000Salaries & Wages 8,06,400Depreciation :-Land And BuildingPlant And MachineryFurniture

9,00,000 1,11,000 12,000

Int On Capital:-Partner Jeet 6,00,000Partner viren 6,00,000 12,00,000Electricity 5,76,000Postage & stationary 8,640Repairs and replacements 21,600Oil and lubricant 14,400Transport charges 14,400Tax & Insurance 6,63,390Misc. Expenses 8,640Advertisement & Publicity

8,640

Administrative Expense 11,73,606Net Profit 12,13,290TOTAL 90,00,000 90,00,000

BALANCE SHEET

LIABILITIES ASSETS AMOUNTOwners Fund :- Land & Building 90,00,000

Page 33: Jeet (Rimnut)

Partner J 60,00,000+Interest 6,00,000+ Net Profit 6,06,645Partner V 60,00,000+Interest 6,00,000+ Net Profit 6,06,645

72,06,645

72,06,645

Less Dep. 9,00,000 81,00,000

Creditors 4,80,000 Plant & Machine 11,10,000 Less Dep. 1,11,000 9,90,000Furniture 1,20,000Less Dep 12,000 1,08,000Misc. Expenditure 8,640Preliminary Expenses 1,20,000Debtors 27,83,325Cash 27,83,325

TOTAL 1,48,93,290 1,48,93,290

B.E.P ANALYSIS:-

Page 34: Jeet (Rimnut)

Break-even point is that point of achieving, where total revenue and total

expenses are equal. It is the point of zero profit. If the sales exceed BEP the business

will earn profit and if it decreases from BEP the business will incur loss. Thus, BEP

may take, as the minimum level of production and sales and company must attain in

order to be economically viable.

B.E.P (in units) = Fixed Expenses X 100

Sales – Variable Cost

= 35, 02,500

75, 00, 00- 29, 86,425

= 78

B.E.P (in rupees) = Fixed Expenses X 100

P.V.R

= 35, 02,500 X 100

60%

= 58, 37,500

Page 35: Jeet (Rimnut)

PERSONNELDEPARTMENT

INTRODUCTION

Page 36: Jeet (Rimnut)

As every organization is concerned with personnel function, personnel

management is an extension of general management that of promoting and

stimulating every employee to make his fullest contribution to the purpose of

business.

According to American Society for Personnel Administration:-

“Personnel Management is the art of acquiring, developing and maintain

competent work force in such a manner as to accomplish with maximum efficiency

and the economy function and objective of the organization.”

But with the revised concepts of personnel management emphasis on three

side management i.e.

To maintain good relationship within organization.

To enable each personnel to make his maximum personal contribution

towards.

The work goal achievements

To achieve three things through respect for human personality. If

manpower is properly managed or used, it may prove dynamic motivating

force for summing an enterprise at its optimum cost.

ORGANISATION OF PERSONNEL DEPARTMENT

Page 37: Jeet (Rimnut)

Creation of separate, effective organization of personnel department

increases the work efficiency and provides a proper co-ordination among the

employees working in the organization. The personnel department of the company is

well knitted. The MD possesses the overall responsibilities of this department. He

looks about the day-to-day affairs of the company.

All company has their own special department. Of the company has also

personnel department, the main basis of the departmentalization is that the various

activities can be divided into several parts.

RECRUITMENT POLICY

Page 38: Jeet (Rimnut)

Recruitment forms the first stage in the process which is continues is

selection and ceases with the placement of the candidate.

It has been regarded as the most important function of the personnel

administration because the best plans, organization chart and control system would

not succeed without right personnel. Recruitment makes it possible to acquire the

number and the type of the people required for a particular job in the organization.

The process of recruitment starts with the reorganization of the vacancy and

ends at the receiving of application for that particular vacancy. The quality of task

force of any organization also depends on how it can attract potential candidates

towards itself.

PICTURE 8

SOURCES OF RECRUITMENT IN COMPANY

Page 39: Jeet (Rimnut)

There are mainly two types of recruitment system for recruitment of

employees in the company. The company follows both the system of recruitment

policy.

1. Internal Sources

2. External sources

INTERNAL SOURCES OF RECRUITMENT

In internal sources recruits the employee from the company

itself. The employee who has been working in the company for number

of years and who needs to be encouraged for the work. This will lead to

more efficiency of the workers of the company and the result can be seen

in the balance sheet of the company.

EXTERNAL SOURCES OF RECRUITMENT

In external sources there are many ways of recruiting the employees of the

company. The sources like outside the organization. There are many external sources

of recruitment used by company. While selecting the employee it is seen that they are

qualified or not and other things also kept in mind like age, sex, etc. The company

uses all the sources of the recruitment.”

SELECTION PROCESS

Page 40: Jeet (Rimnut)

By, selection we mean a process by which the qualified personnel can be

chosen from the applicants who have offered their services to the organization for

employment. It is a negative process of employment in which only a few who are

qualifies are offered employment and others are denied the opportunities.

“Selection is the process in which candidates are divided into two classes,

those who are to be offered employment and those who are not.”

The steps of selection process of the company is as follows:-

News papers

Employment Exchange

Friends and Relatives

Employees

Etc….

TRAINING & DEVELOPMENT

Page 41: Jeet (Rimnut)

Training is the process of increasing the ability of persons by providing the

knowledge and sequence of program behavior. It helps the employee to perform better

in his field. Our company conducts both on the job off the job training.

Our company sometimes sends their employee to institution which are listed as

under:

Indian Institute of Engineering Management.

Baroda Productivities Council.

National Productivities Council.

Institute of Cement Building Material.

Even seminars, training programs, etc are held. Training program got technical side

have three separate HRD department. Training in our company is given up to the limit

of an employee i.e. for one year or more if the employees requires.

Development is the process which comes after training. Development is a continous process. The need for which is determined by the employees performance deficiency.

JOB DESCRIPTION & JOB SPECIFICATION

Page 42: Jeet (Rimnut)

“A document contains a statement of job analysis is job description.”

Job description is a statement of acceptable human qualities necessary to

perform a job properly.

Job specification means to tell the employee how to do the work and how to

do it right from the work starts till the end of the work. Big company has the specific

job description because it is done on the large scale and they cannot afford any

mistake from the employees. So they need a specific description of the work.

Our company do not use any of such type till now it does not have any job

description in the company but they are planning to start the job description in coming

years in the company in that description they will include all the responsibilities of the

employees and the nature of the job, period of the job etc…

PERFORMANCE APPRAISAL SYSTEM

Page 43: Jeet (Rimnut)

Performance appraisal is also known as merit system. Once the employee is

selected, trained and motivated, he is appraised for his performance. Performance

appraisal is a systematic approach for evaluating the personality and performance of

each employee by his superior or by some other person, who is well versed in the

technique of performance appraisal.

Our company doesn’t have any scientific method for Performance appraisal

system. Here the supervisor immediately does the appraisal system. Personnel

manager looks after the performance of the entire employee very nearly and keeps the

records of the entire employee. The company has adopted the general Performance

appraisal system. Company has recently started the annual performance appraisal

system in the company.

The manager observes the work of the employee and on the basis of that the

employee is praised at the end of the year in the company by giving him/her

promotion, incentives cash as well as non-cash incentive by the company.

WAGES AND SALARY

Page 44: Jeet (Rimnut)

“Wages and Salary Administration” refers to the establishment an

implementation of sound policies and practices of employee’s compensation.

Wages are paid to the labour and salary to the employee.

It include such areas wages evaluation, surveys of wages and salary, analysis

or relevant organizational problems, development and maintenance of wage structure,

establishing rules for administration of wages, wages payment incentives, profit

sharing, supplementary payments, Control of compensation costs and related items.

Wage structure of our company is very efficient and good as it is deemed

public company minimum wage Act is applied in the company. Wages and Salaries

are given as per their post, qualification, experience and performance.

GRIEVANCE HANDLING SYSTEM

Page 45: Jeet (Rimnut)

“Grievance handling means any real or imagined feeling of personnel which

an employee is concerns his employment relationship.”

There hardly any company or an industrial concern which runs absolutely

smoothly at all the times. In some organization the employees have complains against

their employers, while in other it is the employers who have grievance against their

employees. This grievance may be read or imaginary, valid or invalid, genuine or

false.

In our company there is on grievance till the date but if there is any clash

between the workers and the management. Then the organization tries to solve the

problem within them in very short period of time, if the problem is too big then it is

handled by the local police.

Page 46: Jeet (Rimnut)

MARKETING

DEPARTMENT

Page 47: Jeet (Rimnut)

ORGANISATION OF MARKETING DEPARTMENT

If any wants to achieve its desired level of sales target, then it has to organize his

entire activity of marketing department. Hence they can achieve the sales target.

To run the business is not only of businessman but to put all the resources of business

for satisfaction of customers at a very reasonable and profit is also one of vital task of

businessman.

.

Page 48: Jeet (Rimnut)

MARKET ANALYSIS

Introduction to the Product:

We are producing the Rim-Nut of brass which came into existence with the

innovation of the cycle .The product is useful in the tubes of the cycle of each

size .The demand of the product is not going to fall at all because that the demand of

cycle is going up & up.

Uses of the product:

Our product is useful in the unit which is producing the tubes of the cycle as an

inputs, our product is basic inputs without which cycle tubes cannot be sold in the

markets.

Market status, Potentials & Competition:

Our product have a regular demand, no particular seasons affect the demand of

our product.

In future the scopes our product will be improve much more because of

entrances of the new unit of producing the tubes of bicycle.

Right now only 40 units are there in the brass industry which are producing the

same products.

Page 49: Jeet (Rimnut)

MARKET SEGMENTATION

Market segmentation is a process of classifying the customers into different

groups as per the different needs, characteristics, or behavior is called as the market

segmentation. Each and every market is made up of different market segmentation,

each segment is a group of people with similar or homogeneous demand. Through

market segmentation sellers try to identify those who are most likely to buy their

goods and services.

There are different variables which can be used as criteria of market

segmentation, like Geographic, Demographic, Psychographic, etc. SHREEJI

INDUSTRY is following Geographic segmentation for their product i.e. Rim Nut

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ADVERTISEMENT

It is time of cut throat competition. So advertising can play a vital role in the selling of

product.

Advertising is the process which make product well known and famous in every home

“Advertising is helpful to study the market and to earn better profit. Advertisement

shows product better than other’s product.”

Every year company decide fixed budget for advertisement. Company made their

advertisement through different media which are follow

PRINTED MEDIA

For the advertisement our company uses printed media like newspaper,

periodical magazine etc. in these all company gives its products advertise. Company

also gives calendar to their dealers, stockiest, distributors and consumers.

OUT DOOR MEDIA

Our company also advertises its product by wall painting, hoarding, posters etc.

Now a day television is one of the most powerful media so company also advertise

their product through television sometime company also use ratios as advertisement

media. Thus company advertises its product and tries to increase share of the market

as much as possible.

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PRICING STRATEGY

Price of the product is playing a vital role in deciding the profit margin of the

firm. At the time of setting price of the product many factors should be considered like

cost of the product, demand of the product, competition level, reputation of the unit in

the market etc. Price is one of the crucial element of 4p’s.

The price of the SHREEJI Industry’s is changing with the change in the

market value of the Brass. Though many other factors also considered like

Competitors price, Cost of the production etc.

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CONCLUSION

I BHATT AKSHAY and my Partner KANANI VIREN

concluding our Product Project Report related to the manufacturing the Brass Products

Rim-nut are as follows.

The Brass Products Rim-nut Selected by us is highly demanded not only in the

India but also in foreign country as well. The demand of our product is on the regular

base, with the increase in the demand of the cycle tubes, demand of our product also

increase. And will try to expand our business up to the highest level. The future plan

of our unit is to convert partnership into Pvt. Ltd. Company

We hope that target that we have decided in the above estimation will be able

to achieve very soon.

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BIBLIOGRAPHY

1). Desai Vansant, Project Management,

2nd Edition, 1999, Himalaya Publishing House.

2). Sharma Ravi K. & Gupta Shashi K., Finance Management,

4th Edition 2003-04, Kalyani Publishers.

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APPENDIX

LIST OF TABLES

Table No. Topics Page No.

1. Installed Capacity 162. Utilized Capacity 163. Details of land 214. Details of Building 215. Details of Machinery 226. Details of Fixed Capital 227. Details of Raw Materials 238. Details of Utilities 239. Details of Contingents Expenses 2410. Details of Personnel 2411. Total of Working Capital 2512. Details of Cost of Project 2513. Details of sources of finance 2514. Details of Sales 2615. Details of Raw Materials Required 2616. Details of Depreciation 2617. Details of Profitability Statement 27

APPENDIX

LIST OF PICTURES

Picture No.

Topics Page No.

1 Rim nut 122 Rim nut 123 Rim nut 134 Rim nut 135 Rim nut 146 Rim nut 147 Rim nut 158 Recruitment 38

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