megha metals- aluminium industry

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    Piyush Agarwal

    1010611

    B.Com(Hons.) J

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    Name- Megha Metals

    Address- Sarutari, Sonapur, Assam

    Year Of Setup- 2010

    Function- Manufacturing Aluminium Utensils

    Area- 15,600 Sq. Meters

    Capital Investment- Rs. 10 crore

    No. Of Employees- 100Annual Turnover- Rs. 2 crores

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    Finding new markets

    To diversify its product

    To have a good environment for work

    To support the employees to have a betterrapport with them

    To get maximum returns from the money

    spent

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    To increase the turnover from 2 crore a yearto 5 crore till the end of 2015

    Exploring the market from Assam andMeghalaya to the whole of North East by2015

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    To maintain stable financial position in the

    market along with stable growth and capitalover the years

    Increasing the profit margin by reducing thecost of production

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    PartnersAccounts

    Department

    Production

    Department

    Human Resource

    Department

    Manager 1 Manager 2

    Skilled

    Labourers UnskilledLabourers

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    In this step, aluminiumbought from scrap dealers. The scrap isbought at Rs. 80 per kg

    The scrap of aluminium ismelted so that it can be given any shape wewant. It also removes the impurities. The

    leftover from other processes is also meltedalong with the scrap.

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    The Melted aluminiumis converted into pure aluminium plates.

    The aluminium plates formed arereheated in a furnace. The fireman ensuresproper temperature control in furnace.

    These aluminium plates arerolled in HOT ROLLING MACHINE and later inCOLD ROLLING MACHINE to providealuminium sheets in a preferred gauge. Oneselected worker keeps a continuous watch toensure rolling within laid down tolerances.

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    The sheets drawn out of theRolling Machines can be of long length sothese sheets are cut into half using THE

    CUTTING MACHINE.

    After this process, the sheetsare cut into Aluminium Circle using CIRCLE

    CUTTING MACHINE.

    The aluminium circles are then putin the spinning machines. These circles and

    spinned at a high speed and den moulded inthe shape of a rig bowl or bucket or whateverproduct is required. The product is laterwashed properly and dried.

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    After that the product is sent tothe CHALAI section to remove the upperlayer of the aluminium utensil to give shine inthe utensil. It can also be possible to not gothrough this process as required by thecustomer.

    The quality assured products arepacked in gunny bags. They are stored in thewarehouse and are dispatched to the

    customers shops on demand. The companyhave their own set of 5 trucks for this as thedistance to be covered is usually very large.

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    More prominent place in the market

    Quality Product

    Industrial Area

    Cheap Labour

    Good Retail Networking

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    Limited Capital

    Transportation Problems Facility is inappropriate

    No advertising

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    Less Competition

    Expansion of market is easy

    Easy Availability of Raw Materials

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    Electricity Cut Down Problems

    Mountainous Area

    Threats of trucks falling

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    Stock register-This book entered the stockbeing produced and being sold in the market.

    Personal ledger account-The personal ledgeris accounts maintained for transaction related

    to persons. The ledger is maintained byhaving a debit on one side and credit on oneside.

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    Tax invoice- These were invoices given to thecustomers which would resale the products

    like the dealers.

    Retail invoice- These were invoices given tothe direct customers who bought the utensils

    for their own use. This consisted of a verysmall number.

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    In the book of service tax, the transportationcharges for the delivery of goods were

    recorded. This amount was 75% exemptedand only 25% of the amount was taxable.Service Tax to be paid was 12%. So annuallyaround Rs. 4,000 was paid for service tax.

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    Atendance Register

    Wages Register Provident Fund Account

    Employer State Insurance Acount

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