BALCO

AN ORGANIZATIONAL STUDY AT BALCO
TABLE OF CONTENTS
Sl No: 1 2 CHAPTER-1 Chapter Contents EXECUTIVE SUMMARY INTRODUCTION INTRODUCTION OBJECTIVES OF STUDY SCOPE OF STUDY METHODOLOGY OF STUDY DURATION OF STUDY LIMITATION OF STUDY PROFILES INDUSTRY PROFILE COMPANY PROFILE PRODUCT PROFILE ORGANISATIONAL CHART DEPARTMENTAL STUDY FINANCE DEPARTMENT HUMAN RESOURCE DEPARTMENT MARKETING DEPARTMENT PURCHASE DEPARTMENT PRODUCTION DEPARTMENT ANALYSIS AND INTERPRETATION SWOT ANALYSIS 6 CHAPTER-5 FINDINGS AND SUGGESTIONS FINDINGS SUGGESTIONS 7 CONCLUSION BIBLOGRAPHY 55 56 58 59 49 1 2 2 3 3 3 4 9 18 23 Page No:
CHAPTER-2
CHAPTER-3
25 30 37 42 45
CHAPTER-4
MOUNT ZION COLLEGE OF ENGINEERING, KADAMMANITTA 1
1.1 INTRODUCTION
The advent of globalization has brought with itself many changes. Corporations across the globe are finding this kind of business environment tough to operate. However as there is a saying every change is got to have a two side effect, the same happens with globalizations too. It has brought in 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 the global scenario, now the manufacturing companies are following the same suit and are 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 a sound profit. To study about an organization- its working, structure, human resource, etc. Thus holds a great significance as it helps one to clearly understand how complicated an organization work so as to have an optimum use of resource available. My one month Organization Study in Solve Plastic Products Pvt. Ltd gave me lot of valuable experiences, which really will help me in my future ventures. I had a clear study on the various departments namely; Production dept, HR dept, marketing dept, Finance dept, and purchase depts. I understood how effectively these departments carry out their and go in support to other department. The products of Solve Plastic Pvt. Ltd. i.e. BALCO pipes is having the major market share. It is just simple as to explain how they became the market leader i.e. the quality of their products. The company never compromise in quality and they know that good products is always going to have customers. Thus, it is doubtless in saying that the company will touch new heights.
1.2 OBJECTIVES OF THE STUDY

The main objectives of carrying out this organization study are as follows; To know about the pipe industry and its future. To learn about the history of the company and how it made its debut into the pipe business. To understand the functioning of the company in terms of the departments. To analyze the strengths, weakness, threats and opportunities concerning the company. .
1.3 SCOPE OF THE STUDY

The organization study comprises of the entire functioning of the organization, which includes the nature of business it involved in, the current competition scenario, the departmental segregation created for the implementation of plans and procedures, the current branches that it controls and future expansion plans which includes both the national and international markets. At Solve Plastic Products Pvt. Ltd., it begins when the need for high quality pipes at reasonable prices was felt in the southern state of India, Kerala. Powered by the success of providing pipes at unbeatable price and quality in the home market, it gradually spread its business to the remaining regions in the southern zone, there by gaining a substantial market share in pipe business.
1.4 METHODOLOGY Primary Data

Primary data were collected through direct observation of various functions in the organization and through interaction with various departmental heads and other employees of the organization.
Secondary Data
Secondary data were collected from official documents like their annual report, financial records, various other organization manuals, company etc. and from their website.
1.5 DURATION OF THE STUDY

The duration of the study was 30 days from 3rd May to 31th May 2010
1.6 LIMITATIONS OF THE STUDY

There were some limitations present in the study conducted during the period. Some of them are as follows; Since there were time constraints, all detailed information cannot be included. The study mainly depends on the secondary data. Limited information in terms of financial data, due to tight work schedule of finance personals. Even there was sufficient support from the staff of the company; a tight work schedule prevented them from giving additional information.
As the company is in the manufacturing industry, it was very difficult to collect and analyze some complicated technical details.
2.1 INDUSTRY PROFILE

The pipe industry in India had its history dating back to late 1960s. In Kerala the PVC pipe industry marked its presence from 1970s. At that time, it was really a tough job to market the concept of this new product. The pipe industry also faced the shortage of raw materials, as there were only few companies like Chemplast, PRC were manufacturing PVC resin which is the important ingredient in pipe manufacturing. Above all, scarcity of pipe fittings in the market had created a great concern. So while selling pipes it was the liability of the company to provide market with the proportionate volumes of PVC fittings. In spite of all these challenges, PVC 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 Polypropylenes, Polyethylene, ACC, Steel, and FRP were introduced in market. But they were not good enough to replace PVC pipes. The PVC pipe industry in India had grown more than 3000 times since its introduction. As India is growing the average percapita consumption for PVC in India about 0.85 kg/head. However, our neighboring developing countries, the consumption is much more. For example in China, the precipitate consumption would go up to 4kg/head. Since India is also growing at a fast rate, we can expect that the consumption would go up and the net outcome will be a prosperous future to the PVC pipes industry in the coming years. Initially in pipe industry, the general manufacturing concept was producing single pipe with single die. Since
the maximum output offered by machineries at that time was as low as 20-30 kg per hour, the concept did work. As demand increased, more and more technologies came up. Their came the idea of two die technology in the year 1997. This was indeed a huge bonus for the companies as they could save power, low capacity utilization, space, installation of many machines, labor, etc.
The number of plastic manufactures has declaimed in recent years, as a result of the spiraling number of mergers and acquisition. Acceleration consolidation amongst plstic manufacturing is generally greater bargaining. Power of parties the replacement of traditional material is continued product developed in the market forward. Assessing what all happen in 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 has shown positive result in the second half of the year. Western Europe became the driving force behind the implementation of plastics in pipe systems in pipe after the second world war. The availability of low cost Thermoplastics combined with an enormous need for infrastructure replacement, led to huge increase in the use of polymers. The Balco had also several other technological advancements which altered the full property of the PVC pipes. One of such technology is the Mirror Finished Technology (MFT), in which both the outer as well as the inner surface will be smooth. In the conventional pipes, the inner surface used to be rough. This technology helps in reducing the friction, gives more hardness, etc. As said in the beginning the pipe industry has now grown to manifold heights and is still foreseeing a good future. As we learned in Economics no business is going to enjoy its monopoly for a long period. If people find one business is earning a high profit, they tend to invest in that until the industry is saturated.
We have now number of PVC pipe companies in the scenario other than Solve Plastic Pvt. Ltd. in India
Indian Scenario
Poly Vinyl chloride is the most important of all the commodity plastic consumed in the country. Used in a variety of application subsisting traditional materials such as steel, glass etc. There is a predicted substantial growth in Indias petrochemicals production capacity by 2014-15 from 2008 production figures. Polyvinyl Chloride (PVC) is forecast to increase to 1.78 mln tpa and 920,000 tpa respectively. While this may be keeping with the rising global oil and polymer pieces, plastic process came up with duty on imports. Petrochemicals are hydrocarbons derivatives and are usually obtained from crude oil and natural gas. The product crude oil refining is preferred feedstock because of their lower cost availability and process ability. The excess capacity of about 1000 players in the PVC sector and very low value also caused problems 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 without adherence only about 10 players with in the sales volume beyond 50-100 kt of pipes. The major players are:-
State Scenario
There are many PVC pipe producers in Kerala. Today the PVC pipe industry holds a key role among the small scale industries. About twenty P.V.C pipes manufacturing companies are functioning in Kerala. So there is stiff competition in the realm of PVC manufacturing, some well known branches are available in the market are BALCO, HYCOUNT, SAKTHIMAN, KELACHANDRA, SUPREME, PEARL BLACK, GOOD WILL etc. There are two types of PVC pipes water pipes and electrical conduits. PVC pipes are more durable than cast iron pipes.
RBI had reduced the interest rate of housing loans through HDFC. So the construction field will increase so that there will be a huge demand of PVC pipes. The State Government with Japanese Technology for drinking water and development of wells in rural areas (Japanese Project) will increase the demand of PVC pipes. The problem faced today is that most of the tenders of Kerala Government were received by the producers of outside Kerala. Because of the price of the product outside Kerala is less than that of State. The major companies are:
Hycount Pipes:
Hycount pipe is one of the leading brands in Kerala. This company was commissioned two decades ago at Kollam and late Prof.M.K.V Hameed generated the idea. The company is having an installed capacity over 12000 Metric tons per annum.
Wellworth Polymers:
This company is well known for the technical advancement they bring in. They are regarded as the first company in the world to make four pipes of the
same quality as prescribed by BIS from a single extruder with 4 DIES technologies. They are also the first one in India to adopt the 2 DIES technologies. Their product ranges consists of PVC pipes, fittings, flexible hoses and are into making of machineries for extrusion and Dies, tools, etc.
Supreme Plastics:
Supreme offers the widest and the most comprehensive range of U- PVC pipes and fittings in India.
The other companies include:
1. Kelachandra 2. Shakthiman Super 3. Vajra plastics 4. Prestige Plastics 5. Pearlblack 6. Goodwill

The problem faced by Kerala today is that most of the tenders of the Government were received by the producers of outside Kerala. Because of the price of the product outside Kerala is less than that of State. PVC pipes are more durable than cast iron pipes and asbestos pipes that is the reason why the PVC pipes are commonly used. In Kerala most of the water supply units are supplying water through PVC pipes. The water authority is also converting asbestos pipes into PVC pipes in step
by step. The price of PVC pipes was increased to average of 7% recently. The replacement of asbestos pipes into PVC pipes by the water authority is good for the growth of PVC pipes market in Kerala. So PV C pipes industries have a bright future.
2.2 COMPANY PROFILE

SOLVE PLASTIC PVT. LTD. has turned out to be one of the best companies in this industry through its remarkable efforts. The main factory and the corporate offices are located at in Punalur and the second unit is at Edamon.
Company philosophy:
They believe in the highest standards of integrity and transparency in its operations. Company ensures maintaining a high morale in the staff and the marketing network. The various units of the company provides an equitable working atmosphere without hierarchies what result in excellence of the highest order and the marketing team is professional in time keeping and delivery.
History:
SOLVE PLASTIC PRODUCTS PVT. LTD. was a sole proprietary concern started at Punalur in 1989. Solve Plastic Products, the first company of BALCO Group started production in 1991. Then it was registered as a small scale industry in 1995.The Company produces high quality water pipes and electric conduits
with ISI mark. Balco conduits received ISI registration soon after and with no time the product became the market leader. Solve Plastic Products are marketed under the brand name BALCO. They are the leading manufacturers of PVC pipes and conduits in Kerala and owing the best marketing network in Tamil nadu and Karnataka. The company due to its immense efforts, made it possible to receive the approval of BIS with in a short period of time. It is doubtless in telling that the success has been a result due to its commitments towards quality and consistency. The process control and R&D department have the expertise and most modern
sophisticated technology for the process inspection and testing of conduits water pipes. The first commercial production had started in the financial year 1995-1996 with an average production capacity of 55 tons in a month. Fitted with an extruder 52/188v made by kolsite, Dama in association with Kabra Extrusion Technique, Germany. This unit is capable of making electric conduits as well as PVC water pipes having both ISI and non ISI standards. The company also got ISO 9001/2000 Certification from JAS- ANZ through Phoenix Progressive Certification India Limited. 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 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 trigged predictable growth. The first commercial production had started in the Financial Year 1995-96 with an average capacity of 55 Tones in a month. Fitted with an Extruder 52/18 V 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 ISr and Non ISI standards. The company could get ISO 9001/2000 Certification. During the final year the group had accelerated production capacity by the inclusion of a hi-tech extrusion machine 52/25v extruder of kolsite. This machine having 170 kg/hr installed capacity is with Twin Die Head and downstream technology, which in turn helps to produce two pipes at a time. The range of products was also targeted in meeting the diverse needs of the building sector. The Balco products have the unique advantages in quality, strength, color, and flexibility. certification from JAS-ANZ through Phenoix Progressive
Balco brand of Solvent Cement was launched in 2006 and is now catching up with the other leading products of Balco. The company is having a well-structured marketing network, which ensures precision timing and quick delivery. In 2002-2003 Balco group get tied up with Reliance Communications and Balco Communications was launched as the franchisee for the Reliance Cell Phones in the area code 0475. Reliance Communication now has a total connection strength of 1000 plus and the Reliance Web World is now a major venture. In 2006 Balco group ventured in to finance sector and tied up with Reliance Life Insurance, Reliance General Insurance, and Reliance Money. The group is now the representatives of the respective companies nationally leading company in financial services Reliance. Life and General Insurance, Mutual Funds and a variety of products are being promoted. The Balco group is presently diversifying in to organic foods, with framing of fruits and vegetables and organic food processing. Together the group
has a turnover of more than Rs.10 core annually. The core companies have kept climbing since inception. At present Balco brand of conduits is the largest manufactures of the product in Kerala and was the first to have adopted frontier technology like twin screw twin dye downstream process of batten field.
The Balco Group

SOLE PLASTIC PRODUCTS PVT. LTD. BALCO COMMUNICATION
BALCO INVESTMENTS BALCO CHARITIES KALLADA ORGANIC FOODS.
Solve Plastic Products Pvt. Ltd.

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 market leader. With the enthusiasm of the team the unit had the privilege to become the first unit in Kerala to get IST 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. 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 tones in a month. Fitted with an Extruder 55/18V 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 ISr and Non ISI standards. The Company could get ISO 9001/2000 certification from JAS-ANZ through Pheonix Progressive Certification India Limited.
During The Financial Year 2002-03 the group had accelerated production capacity by the inclusion of the hi-technology extrusion machine 52/25 V Extruder of Kolsite make our production line. This machine having 170 Kg/Hr installed Capacity is with Twin Die Head and Downstream Technology, which in turn helps to produce two pipes at a time. The range of products was also augmented to meet the diverse needs of the building sector. The Balco products have unique advantages in quality, strength, colour and flexibility which cater to the specific needs of the building sector. Balco brand Solvent Cement was launched in 2006 and is now catching up with the other leading products of Balco. The statewide marketing network of Balco ensures precision timing and prompt delivery. In 2002-2003 Balco Group get tied up with M/s Reliance Communications and Balco Communications was launched as the franchisee for the Reliance Cell Phones in the area code 0475. Reliance Communications now has a total connection strength of 1000 plus and the Reliance Web world is now a major venture of Balco Group.
Balco Communication
Balco is the franchisee for Reliance Communications and owns the Web World express in Punaloor catering to the eastern regions of Kollam district. Presently all the numbers that start with the code 0475 of Reliance Communications is created to by Balco Web World. Expected to have a wider reach soon with the eastern areas of the district covered through more towers installed, it now has a client strength of more than 300 subscribers.
In 2006 Balco Group ventured in to Finance sector and tied up with M/s Reliance Life Insurance, Reliance General Insurance and Reliance Money. The group now the representatives of the respective companies of the nationally leading company in financial services Reliance Life and General Insurance, Mutual Funds and a variety of products are being promoted.
Balco Investments
Balco Investments was launched in 2006 as a felt need for taking care of the investment portfolio. This is a primarily to cater to the growing investment needs in the state and it has already teamed up with Reliance Capital of the Anil Dhirubhai Ambani Group and is presently the Business Associate of Reliance Life Insurance, Reliance General Insurance and Reliance Money. A part from being a financial hub with insurance, mutual funds and stock trading windows Balco Investments shall soon be facilitating a spectrum of products in the sector. The Balco Group is presently diversifying in to Organic Foods and initial work for the Project is underway. This Project is likely to be launched in 2007, with farming of fruits and vegetables and organic food processing. Together the group has a turnover of Rs. 10 crore annually as on 2006 December. The crore companies have consistently kept their growth and the annual turnovers have kept climbing since inception. What has made it possible for the company to keep the payments of dividends steady for the shareholders.
Market Share of the Company

Balco is the Keralas first ISI, ISO 9001/ 2000 conduit manufacturer. Currently the market share of electrical conduits is 75% and the share of water pipes is 35%. Solvent Cement and PVC bends are booming. These two are the new products of the company.
Future of the company

The company is planning to increase the production capacity by purchasing of new and high capacity machines to meet their demands. The company is planning to start production units for solvent mixing and filling and also they are planning to produce PVC fittings like elbow, reducers, tee, couplings etc. for all size of pipes.
Competitors of the Company

Hycount V- guard Kelachandra Finolex Shakthimankjh Thomson Plumbers choice Pearl black Supreme Star Goodwill
Products of the Company

PVC electric conduits (Electric Pipes) PVC water pipes Solvent Cement PVC bends
Objectives of the Company

To maintain an effective quality management system with active involvement of employees.
To ensure timely delivery of products in required quantity. To solve for continual involvement of quality. To grow as a socially responsible organization.
Quality policy:
Balco believe in the concept of serving the society by offering quality products and this principle is very much adhered to by the group. They are committed to quality of the highest standards. The leading Balco brand of PVC products come out with high quality checks. The in-house and R&D laboratories are equipped with the most modern instruments for testing of raw materials and the end products to ensure the quality. Constant up gradation of standards keep the line of production keep abreast of the international specifications in the fields. Balco products conform to the stipulated IS/WHO standards and has the IS/ISO 9001/2000 certification to its credit.
The company produces and supply of Poly Vinyl Chloride (PVC) electric conduit pipes and unplasticised PVC water pipes in conformity with the customers requirements. We ensure utmost customer satisfaction through field feedback and incorporating the responses in the production and supply lines. The company has a professional quality management system in place with the best expertise in the sector.
Quality objectives
To maintain an effective quality management system with the active
involvement of all employees within an increase in sales by 5% in a year and customer satisfaction level is not less than 80% in the financial year 2008-2009. To ensure timely delivery of materials in required quantity with
maximum permissible delay of 2 days.
To strive for a continual improvement of quality with a rejection of
final stage will not be more than 0.5% and customers complaints will not be more than 2% per year.
2.3 PRODUCT PROFILE

Balco offers a wide range of eco friendly PVC products. The product range consists of;
1) Balco PVC water pipes

Balco PVC pipes with ISI mark vary in sizes of 20mm to 110mm with pressure 2.5 kg/cm2, 4kg/cm2, 6kg/cm2, 8kg/cm2, 10kg/cm2,12.5kg/cm2 and for plumping pipes of 20mm to50mm.
Features of Balco PVC water pipes

Balco PVC water pipes are met with all the requirements as per ISO 49852000. Manufactured from virgin raw materials. Offers entire range of plain and socket end class 1,2,3,4,5,6 and plumbing pipes. No bacterial growth inside the pipe due to presence of light. Balco PVC Pipes have been have been proved to maintain the natural purity of the lead content of these pipes is much less than the limit prescribed by the Bureau of Indian Standards. Resistance of corrosion. High impact strength at normal temperature and at low temperature. High thermal stability. High strength to weight ratio.
Excellent Tensile strength.
Field of Application
Portable water suppliers, agriculture, telecom cable ducting, drainage etc.
Advantages of UPVC pipes over others

Conventionally, materials used in pipes are Galvanized Iron (GI), Cast Iron (CI), Steel, Asbestos, and cement concrete. These materials suffer from effects of corrosion, health hazards, loss due to transportation breakage, and short as well as uncertain life span. Besides, day by day, they are becoming expensive and scarce. PVC pipes on the other hand are corrosion resistant, easy to transport, install and maintain compared to metal pipes, PVC pipes 1/16th in weight, require 1/5th energy and have only 3/5th frictional losses. They have excellent resistance to salt solution, mineral acids and alkalis. The established life of PVC pipes is much more than that of GI&CI pipes. It has been reported that in a span of 75 years, PVC pipes require no replacement but GI&CI pipes have to replaced twice and four times respective. Thus, PVC pipes score over conventional material in all respects. In PVC pipes 85 to 90% is Poly Vinyl Chloride (PVC). The other chemicals like TBLS, DBLS are used as stabilizers and LS, CS Stearic Acid etc. are lubricants CaCo3 is filler and TiO2 and carbon are used as colorants. In these TBLS and DBLS are components of Lead. Traces of lead in drinking water are harmful and low quality PVC water pipes are thus harmful to health in the long term
To reduce cost many manufacturers use more of fillers, which require more stabilizers, what lead to more trace metal poisoning. Balco brand of PVC water pipes do not compromise on cost and use virgin PVC also undergoes stringent quality checks and adheres to the Indian Bureau of Standards specifications.
This is a reason for the acceptance of Balco pipes in the market, where those informed insist on Balco where drinking water is in focus the Balco team makes no compromises. And this is the reason for the building industry to call Balco pipes eco friendly pipes.
2) Balco PVC conduits

Balco PVC conduits, the first of its kind having both ISI and ISO certification in Kerala, have been approved by PWD, CPWD, Railway, BSNL etc.
Features of Balco conduits

Highly durable, light weight, monotonic and non corrosive. Easy installation and the long lasting nature of PVC conduits avoid periodical maintenance. Can bend at any angle thus to avoid expense for the fittings like bends, elbows etc.
Manufactured from high impact resistant PVC which is specially formulated
to meet superior standards. Hot stamping on every meter length so as to avoid duplication.
Field of Application.
BALCO conduits are recommended for use in all places where safety and protection of people and building are considered to be important viz.
factories, industrial complexes, power stations, oil refineries, trains, street tunnels, railway stations, airports, hospitals, schools, hotels, department stores, museums, telephone exchanges, conference halls, kalyanamandapams, military installations, civil defense shelters, households etc.
3) Balco Solvent Cements and Bends

Balco solvent cement is the most effective solution for joining of UPVC pipes, conduits, and fittings. It is a fast and easy to use and ensures water tight joints. The total absence of dissolved particles, lumps, or other foreign matter helps it give high joint strength. Balco solvent cement offers the minimum hydrostatic bursting strength of 2.8 mpa after 2 hrs curing time. Balco solvent cement is packed in specially designed and eco friendly tin containers of 100 ml and 250 ml sizes.
Future plan:
The company is planning to increase the production capacity. In this they are planning to purchase one or more machine of high standard and capacity. The machine is called extruder. The company introduces new system for better availability of products in all over Kerala. BALCO PVC Pipes with ISI Mark vary in sizes of 20 mm to 110 mm with pressure class 2.5 kg/cm2, 4kg/cm2, 6 kg/cm2, 8 kg/cm2, 10 kg/cm2, 12.5 kg/cm2 and for plumping pipes of 20 mm to 50 mm
Those interested in business association at various levels write to: md@balcopipes.com , md@balcogroup.com For those aiming at procuring our PVC products, related enquiries or complaints write to : marketing@balcogroup.com , balco@balcopipes.com Investments and Insurance through our principals in the sector M/s Reliance Money, Reliance Life Insurance and Reliance General Insurance write to: info@balcogroup.com,marketing@balcogroup.com, balcoinvest@gmail.com Cell phone related matters through our principals M/s Reliance Communications write to: info@balcogroup.com
2.4 ORGANIZATION CHART
CHAIRMAN
MANAGING DIRECTOR
DIRECTOR
GENERAL MANAGER
PRODUCTION MANAGER
HR MANAGER
FINANCE MANAGER
MARKETING MANAGER
QUALITY CONTROLLER
SUPERVISOR
CHIEF ACCOUNTANT
ASST. MKTG. MANAGER
CLERKS
CLERKS
MARKETING EXECUTIVES
COMPUTER OPERATOR SUPERVISOR LAB ASSISTANT
DEALERS
PEON
SECURITY
DEPARTMENTS OR FUNCTIONAL AREAS

The organization is made up of various departments. Departmentalization is the grouping together of similar or logically related activities. There are several bases of departmentalization. This departmentalization is shown on an organization chart. Different forms of departmentalization are departmentalization by functions, by products, by region, by process or combination of any of them.
DEPARTMENTS OF THE COMPANY
The main departments in Solve Plastic Pvt. Ltd. are the following. Finance and Administrative department Human Resource department Marketing department Purchase department Production and Quality control department
3.1 FINANCE DEPARTMENT
STRUCTURE OF FINANCE DEPARTMENT
FINANCE MANAGER
SENIOR ACCOUNTANT
RECEPTIONIST
COMPUTER OPERAPTOR
CLERK
CASHIER
The Finance Manager who directly controls both the senior accountant and the security heads the department. Under the senior accountant come the receptionist, computer operator, clerk, and the cashier. Finance is an important function of any business as money is required to meet various activities of it. Finance is considered to be the life-blood of any business. It is defined as the provision of money at the time it is wantedThe finance department is in charge of preparing statements and carrying out analysis. This department controls all the financial activities. It includes rising and allotting of funds for various activities like paying of salary, keeping the sales details, verifying it etc.
Main functions of finance department

Determination of financial objectives Designing the capital structure Determining source of fund Maintaining liquidity Forecasting and estimating of short term and long term capital requirements Maintaining relation with banks and financial institution.
CAPITAL STRUCTURE OF THE COMPANY

Authorized capital Working capital Long term borrowing REVENUES Sales turnover of Rs 8 crores Sale of electric conduits Rs 4.5 crores Sale of water pipes Rs 3.5 crores EXPENCES Major raw materials Resin Lubricant Stabilizers Calcium carbonate 70 lakhs 1 core from SBT Punalur 75 lakhs from KFC
Tetra hydro furan
Sales and distribution

Goods are sold through retail outlets of dealers all over Kerala, and Tamil nadu and Karnataka. For efficient distribution of goods, the company has its own delivery van to distribute pipes to the retail outlets. Dealers and marketing executives who cover the target will give commission along with salary.
Working capital
For the smooth functioning of business the company has a good working capital management. The company allow credit period of one month for credit sales. The companies operating cycle involves cash, raw materials, work in progress, finished goods, sales, bills receivables, debtors again cash. For obtaining raw materials the company purchase goods from venders who give more credit period. Major suppliers of the company are Reliance, DCW, and Chemplast.
Budgeting
Company prepare budget based on previous years sales and industrial growth. It is an estimation of future income and expenditure based on some calculations and forecasting.
Functions of the Finance Manager

Estimating capital requirements capital requirements can be classified
as long term and short term capital needs. The Finance Manager is expected to make decision on the basis of such needs. Determining the composition of capital the finance manager should try Determining the source of fund- the finance manger should determine to make a balance between the owners fund and creditors funds.
the suitable sources from which funds can be raised
Disposal of fund the finance manager must concentrate on preventing Disposal of funds the financial manager should ensure proper disposal Management of cash the finance manager should ensure proper disposal Management of cash the finance manager should see to it that adequate
misuse of funds, pay leakages and should try to meet the creditors dues. of surplus earned in a very careful and thoughtful manner. of surplus earned in a very careful and thoughtful manner. creditors. Finance Control the finance manager should have a proper control over Tax payments According to the companies sales and income tax acts, Preparing budgets budget can be defined as a comprehensive and corporate funds, financial forecasts and profit planning.
cash / liquidity is maintained at all times to pay wages, salaries and dues to
the company is required to pay such taxes on an annual basis coordinated plan expressed in financial terms for the operations of an enterprise for some specified period in the future. At Solve Plastic Products Pvt. Ltd. the company prepares annual budget for forecasting its financial position. The budget is calculated on the basis of actual data of the previous 3 years. According to a recent analysis, the company forecasts 30% growth target in the coming years.
Other financial insights about Solve Plastic Products Pvt. Ltd.

The functioning of the finance department is handled by the Finance Manger. Solve Plastic Products Pvt. Ltd. fund its sources of finance through banks, by issuing shares and other financial institutions. Solve Plastic Products Pvt. Ltd. relies on the financial services of State Bank of Travancore.
The companys financial policy includes:

Low cost operations of funds Outside funds acceleration Inflow of funds acceleration. The company calculates the depreciation by .Diminishing Method
Accounts Department
Accounting functions is a necessary input for the finance function, that is, accounting is a sub function of finance. Accounting generates information / data relating to the operations / activities of the firm. The end product (s) of accounting consists of financial statements like Balance Sheet, Income Statement, Sources / uses of funds statement and Cash flow statement.
Objectives of the accounts department

making. company. To provide protection for business properties from unjustified and To help ascertain the net profit earned or net loss incurred from carrying unwarranted use. out the business.
Provide the information needed for planning, control and decision To prepare suitable budget for increasing the profits of the firm. To prepare proper records of all transactions in the company. To support the long term and short term decisions made by the
To help in ascertaining the financial position of the business.
3.2 HUMAN RESOURCE DEPARTMENT STRUCTURE OF HUMAN RESOURCE DEPARTMENT
HR MANAGER
SUPERVISOR
CLERKS
EMPLOYEES
PEONS AND SECURITIES
Human Resource Management (HRM) is a broad discipline of management. It is concerned with managing the human factor in the organization. This chart shows the administrative setup of human resource department. HR manager heads the department. He is responsible for the personnel and administrative function of the company. Under the HR manager, there are supervisor, clerks, employees, peons, and securities. Human resource is regarded as the only dynamic factor of production; other factor of production remains dormant without involvement of human factor. It is broad discipline of management. Recruitment, selection development, utilization, and accommodation of human resources are handled by this department. Human factor is largely the most important factor in any organization. It is very important that the persons employed in an organization may be developed and utilized in an efficient manner. So as to minimize wasting and increase productivity. This department is responsible for ensuring the maximum utilization of human resources in the company. This department is responsible for ensuring the maximum utilization of human resources in the company and thus achieves the organizational objectives. At SOLVE PLASTIC PRODUCTS PVT. LTD., human relations are warm and cordial in nature. The employer and employees share a good mix of both formal and informal relations. The company implements various incentive schemes for the benefit of the employees, thereby increasing their productivity manifold. There are 80 employees working in the factory with 3 shifts. In addition, marketing staffs include 38 employees are working in the company. The personnel at various functional levels affecting the product quality are having adequate competencies, these personnel having a number of years of experience and skills. Main objective of HR department is procurement and proper utilization of workforce to achieve the overall objective of the company.
Objectives of HR department at Solve Plastic Pvt. Ltd.

To recruit the right persons for the right job. To determine the training program required for each and every employee of the organization there by helping them to achieve their individual and organizational goals. To implement activities that will motivate the employees to increase their overall effectiveness and to bring out their potential. To maintain the departments contribution, at a level appropriate to the organizational needs. To maintain cordial relations with employees.
FUNCTIONS OF HR DEPARTMENT Human resource planning

The BOD, MD, General Manager, and HR manager will decide the number of employees required, their qualification, post method of recruitment, remuneration etc. Qualification for lower level employees is plus two, ITI for helpers and mixers and experience in the field and for marketing executives, degree is compulsory.
Recruitment and Placement

Manager/ head of each department or factory to furnish intents work force recruitments if any of respective department to HR departments with details of manpower specification. The HR department take action for filling up vacancies that are normally arises on the organization. Recruitment is made through news paper advertisement followed by scrutiny and interview.
Company publishes advertisements in leading newspaper with job details, requirements of candidates. After application scrutiny and interview, eligible candidates will be selected. The selected candidates are placed as right man for the right job.
Training
Induction training will be given to the new employees in order to acquaint with new situation and employment. Training is given according to the training need of each employee. It is an evaluation of employees skills competencies, abilities attitudes, morale etc. the personnel have been given adequate training. Training needs of employees are discussed during management review meeting; training is organized internally and externally depending on the nature of training required. ISO training is given to employees at Chennai. Records of training will be maintained. Performance of personnel is evaluated periodically. The personnel are made aware of their roles in achieving the quality policy.
Performance Appraisal
The HR department makes performance appraisal of employees. It is the evaluation of employees skills and capabilities and actual performance with standard performance with stated standards. If there is any deviation corrective measures are taken. Criteria or attributes for performance appraisal are; job knowledge, productivity, attendance, integrity, commitment, cooperation etc.
Wages and Salary Administration.

HR department is responsible for preparing payroll/work sheet for calculating the amount of wages payable to the workers. For factory workers the salary is given based on time rate. For marketing executives remuneration is as given in salary plus commission. Over time wages is double of actual wages. Everyone get an increment in wages depending upon the profitability and their experience every year.
Health and Safety measures

Management of the company has provided necessary infrastructure to achieve the recruitments of products in terms of building work space associated utilities, process equipments, and supporting services. The infrastructure provided is adequate to ensure safety of the employees. The infrastructure provided is adequate to ensure safety of the employees. Appropriate work environment has been provided necessary to achieve product conformance and safe working conditions for the employees. Employee State Insurance and also accident compensation is provided by the company.
Welfare Measures
A meditation program called Jeevanam Art of Living is conducting regularly in the company. A self help group is functioning in the company to help themselves. Sports and games are conducting in festival seasons like onam.
Workers Participation
All employees are divided into different groups and they will meet regularly in every week. Then they will give their suggestions regarding work schedules, working hours, and decisions relating to their job to the top management.
Employee Grievance Cell

The important grievance faced by the company is that workers are not got better working environment and safety. I.e.; the air coming from production plant is injurious to health, especially eyes. Weekly meeting within groups and complaint cells also functioning in the company. HR personnel are responsible for handling the complaints, disputes within the group and with top management. Employees can directly give complaints to the top management or put their complaints in the complaint boxes.
Other Benefits Provident Fund (PF)

The employees are provided with the benefit of Provident Fund.
Employees State Insurance (ESI)

All the employees who earn of Rs. 7500 automatically come under the ESI Scheme. The employees contribution for ESI is 1.75% of salary and employers contribution is 4.75% of salary.
Employees who are under the ESI scheme are entitled for other benefits like:
1. 2. 3. 4. 5. Sickness benefit. Temporary disablement benefit. Permanent disablement benefit. Dependents disablement benefit. Maternity benefit.
The obligations of the ESI are:

Restriction of employees (form 1) Recovery of ESI contribution and remittance Every 6 months the return of contribution (form 6)
Should be submitted to the employer. Accident (Form 16) Maintain register of employees (Form 7)
Legal Officer
The Legal officer looks after all the legal activities of the company if any case is filed against the company or if a company has filed a case against any person. It is the legal officer who looks into it. The legal officer approaches lawyers before appearing the court on behalf of the company. It tries integrate the company policies with human efforts. The department follows an open door policy in setting grievances.
Personnel Records and Audits

It includes: Maintenance of personnel records Seniority list of employees Wage and salary of employees Attendance management and leave administration Other related functions
3.3 MARKETING DEPARTMENT STRUCTURE OF MARKETING DEPARTMENT
MARKETING MANAGER
ASSISTANT MARKETING MANAGER
SALES OFFICERS
JUNIOR MARKETING EXECUTIVES
S ALESMAN
This department is headed by the marketing manager, and then comes the assistant marketing manager. From the assistant manager the authority will be given to the sales officers, junior marketing executives and the salesman. BALCO is having its own customer base and high loyalty, the marketing efforts becomes slightly easy. The marketing department organizes weekly meeting to review the progress and to discuss about the product movement. The sales strategy of BALCO pipes is entirely different from others. Here the production and supply of PVC electric conduits and unplasticised PVC in accordance with the customer requirements. Marketing department also ensures the customer satisfaction through field feedback and incorporating the response in the production and supply line. The sales promotion activities of BALCO are differ from other competing firms. Their product has got a place in the minds of consumers, so they dont have any need to make big advertisement. With the help of the quality of their product, they get the direct personnel advertisement.
Marketing Research
The marketing department of the company is always in touch with market trends, new demand of customers, methods to attract new customers, retain the customers.
Targeting and Positioning

Balco pipes are recommended or targeted for all places where safety and protection of people and buildings are considered to be important.VIZ, houses, factories, industrial complexes, street tunnels, railway stations, airport museum, telephone exchanges, hospitals, schools, defense shelters etc.
Distribution Strategy
Water pipes and electric conduits are distributed to the dealers of electric shops and plumbing shops. To market their products, the company has marketing executives to collect orders from different dealers and supply the goods on demand. Company has two units, one at Cochin and other at Kozhikode. Branches are used to distribute pipes and conduits to market products at northern, central, and southern districts of Kerala.
Segmentation
Balco pipes are positioned to a premium and high quality segment. So the price of the pipes is comparatively high than other brand. Quality oriented customers are the real customers of the company.
Objectives of Marketing Department

To create new customers and make the existing ones satisfied
To build the goodwill of the business through image building activities.
To focus on the promotion.
four Ps of marketing, ie., place, price, product and
To be the first to feel the pulse of the customers and produce goods which will satisfy their requirements.
To maintain customer loyalty through after sales services, promotional offers, etc. The head of the department, manages the marketing activities of the firm. He regularly keeps a check on the dealings of the various branches that he is entitled to manage. Based on the branch reports, the marketing manager can take decision based on: Sales forecasting Sales proceeds follow-up Complaint handling Promotion decisions.
Promotion Policies: (1) In the case of products:

Sales promotions, a key ingredient in marketing campaigns, consists of a diverse collection stimulate quiker. of incentive tools, mostly short term, designed to
In the case of dealers

The company provides incentives to the dealers and also provides
discounts at the time of purchase.
dealers.
Based on the nature of the product, after sales service is provided to the
The company offers replacement facilities after checking the products. It provides credit sales to dealers for a period of 15 years.
Clients

Amrutha Institute of Medical Science, Ernakulam. Amrutha Institute of Science & Technology, Coimbatore. Gokulam Medical College, Venjaramoodu SP Hotel Project. Bharath Sanchar Nigam Ltd (BSNL) Public Works Department, Govt. of Kerala. Central Public Works Department. Muslim educational Society. Indian Railways Integral Coach Factory. ISRO Technopark. . And more
Pricing Strategy
Price policy of the company set as a premium. It is because of high quality products. Therefore, its price is considerably higher than others price.
Price of electric conduits ranging from Rs 15 to 50 Price of water pipes ranging from Rs 15 to 380
Sizes of electric conduits are the following; 16mm, 20mm, 25mm, 32mm, 40mm, 50mm, 63mm. Sizes of water pipes are the following; 16mm, 20mm, 25mm, 32mm, 40mm, 50mm, 63mm, 75mm, 90mm, 110mm Price of solvent cement is the following; For 100 ml Rs 36.50 For 250 ml Rs 67.00 All payments will be drawn in favor of Solve Plastic Products Pvt. Ltd. by DD or account payee cheque payable at Punalur. Credit period allowed for transaction is one month.
Product Strategy
Company has different products for plumbing and electric conduits pipes ranging from 16mm to 110mm size for small household to big industrial concern. Company can give their products in different colors as the customer demands. Different colors are yellow, black, brown, green etc.
New Product Strategy

Companys products are PVC pipes, conduits, bends, and solvent cement. Among these, the companys new products are PVC bends and solvent cement. These are produced due to the increasing demand for bends and solvent
cement.
3.4 PURCHASE DEPARTMENT STRUCTURE OF PURCHASE DEPARTMENT

PURCHASE MANAGER
ASSISTANT PURCHASE MANAGER
QUALITY CONTROLLER
LAB ASSISTANT
CLERK
The purchase manager heads the purchase department and he leads the assistant purchase manager. Under the assistant purchase manager, there is a quality controller and lab assistant. The production departments personnel control the purchase department. Purchasing is a managerial activity, which goes beyond the simple act of buying and includes the planning and policy activities covering a wide range of
related and complementary activities. This includes research and development strategies required for the proper selection of source from which those materials may be bought, the follow up to ensure proper delivery, the development of proper procedures, methods and forms to enable the purchase department to carry out the established policies, etc.
The purchase department of Solve Plastic Products Pvt. Ltd. acts according to the needs of the production department and in consultation with the accounts department for the release of funds.
Objectives of purchase department

To pay reasonably low prices for the best products obtainable. To keep inventories low i.e. it should be maintained at a level consistent to that of production requirements. To develop satisfactory sources of supply and maintain good supply with them. To secure good vendor performance including proper deliveries and acceptable quality. To locate new material sources for smooth production. To achieve high degree of co-operation and co-ordination with the other departments in the organization The purchase department is divided in to 3 parts Raw materials stores
Engineering stores (electrical suppliers) Finished goods stores As and when the materials are exhausted, the production department intimates the same to the purchase department.
The accounting used in the purchase department is material cost accounting. It deals with the cost of materials used in manufacturing activities. This kind of accounting procedures ensures; Necessary records are maintained to provide information relating to ascertainment of material cost and its control. Materials are purchased at competitive prices. Investment made in materials kept at minimum. Materials are available for production with minimum interruptions. Material losses are properly accounted The company purchases its materials with the selected suppliers and finalize upon a price after negotiation. This price is termed as basic purchase price on additions and deductions are made to arrive at the material cost. Once the requisite materials are received, storing, which is also an important function has to be looked upon. For this, proper stores management is necessary so as to handle the materials effectively and efficiently. Since the company is ISO certified, the raw materials used should have the required quality. Inventory control and warehousing are the major functions of the production department. Plant has 100% utilization of resource. The demand
exceeds supply due to lack of funds, Balco is notable for plant expansion.
3.5 PRODUCTION DEPARTMENT STRUCTURE OF PRODUCTION DEPARTMENT

PRODUCTION MANAGER
QUALITY CONTROLLER
SUPERVISOR
LAB ASSISTANT
ELECTRICIAN
OPERATOR
Under this structure, production manager heads the production department. He is assisted by quality controller, supervisor, lab assistant etc. Raw materials used for the production of PVC pipes are PVC resins, stabilizers,
colors, lubricants, calcium carbonate etc. Raw materials for solvent cement are PVC resin cyclo hexatone, tetra hydro furan etc. The main suppliers of the raw materials are Reliance, Chemplast, and Finolex etc. This department is the back bone of the company and more number of employees work in this department. Production is the process by which raw materials and other inputs are converted in to finished products. Production refers to the creation of tangible as well as intangible goods. Production management refers to the application of management principles to the production function in a factory. In other words production management involves application of planning,
organizing, directing, and controlling of production process. The proper implement of these management functions in production process will implement continuous flow of production. Solve Plastic Products Pvt. Ltds production unit produces high quality products, which undergo various stringent quality control tests. They used advanced technology for producing goods.
Objectives
Production is an organized activity in a manufacturing organization. Solve Plastic Products Pvt. Ltds production department sets certain important objectives as follows. Maximum production with high quality and quantity. To maintain an effective quality management systems with the active environment of all employees with an increasing sales by 5% in a year and customer satisfaction level with not be less than 80% in the FY2008-2009. Ensure timely delivery of products.
To strive for continual improvement. Ensure proper implementation of manufacturing process.
Records of Production Department

Log sheet Processing parameter In process inspection.
PRODUCTION PROCESS
MIXING
COOLING
SEWING
HOPPER
BARREL
DYE AND MANTLE

WATER TANK
CATER PILLAR
CUTTER
STENCILING
The production process of PVC pipes is called Extrusion, the process is fully automated. The first process of extrusion is mixing. It includes mixing of PVC resins, and other ingredients are heated at 110 degree Celsius and mixed in the mixing unit. Particles. Sewed compound is send to hopper and then to barrel. Then the compound is moved through die and mantle to make the shape of the pipes of different sizes. Then the pipe is dipped in water tank cool and then it is vacuum sizing to create the pressure balance. Caterpillar is used to increase or decrease the speed of the output. If increase the speed of the caterpillar production speed also increase. Cutter is used to cut the length of pipe as 3 meter in the case of conduits and 5 meter in the case of water pipes. Stenciling, it is the process of putting brand name and logo of pipes to avoid duplication. Pipes are packed in bundles of 30 pipes for 63mm pipes and to 300 pipes for 20mm pipes.
Production capacity
Production capacity of the factory is 135 tons per day. But they can able to produce only 120-125 tons per day.
Inventory management
Raw materials are purchased from reliable vendors. Before production, the quality control department checks products. For purchasing, the company evaluates the suppliers based on quality, price, credit period, promptness of supply. Inventory involves raw materials, work in progress and finished goods. Raw materials purchased are stored in the company warehouse to avoid damages.
SWOT ANALYSIS OF THE COMPANY

A company and its performance can be analyzed in many aspects. One of the best possible ways is the method of SWOT analysis. In this we list out the Strength, Weakness, Opportunity, and Threats of the company. Moreover the saying is like to build on your strengths, to reduce your weakness, utilize your opportunity and workout on your threats. The aim of conducting a SWOT analysis is to isolate the key issue which would be important in the future for the organization. Every successful firms success lies how it implements the outcomes of SWOT analysis. The SWOT analysis of Solve Plastic Products Pvt. Ltd. is as follows.
4.1 STRENGTHS The goodwill of the company
Goodwill is an intangible asset and a non cash asset also. A high goodwill always brings in benefit to the company in form of mouth publicity and customer loyalty. Balco holds a high goodwill among people.
High brand value

The supreme quality of Balco pipes has turned it into a product with high brand value.
Largest manufactures
Balco are the largest manufactures of the electrical conduits in Kerala.
The product
The products made from resin are eco-friendly product. As the products are ecofriendly product the company has a good image. In the market, there is high demand for these products. The biodegradability of the product makes a distinction from other floor coverings.
BIS, ISI, and other various certifications

These certifications are having manifold effects for the company. They help in giving out a good image of the company, and act as a psychological factor for the customers in selecting the product. It is seen tendencies that people have willing to pay for a product having such certifications.
Clients base
Many of the well-distinguished organizations have satisfied with the use of the Balco products. This gives the company to get more clients from different parts of the country. The clients include Amrita Institute of Medical Science, BSNL, SP Hotel Projects, Southern railway etc.
Other factors
The Solve Plastics Products Put. Ltd, in the pipe industry is more. So the company has a good public relation. The company is certified by ISO 9000-2001 so the customers have a good image about the company. The company has adequate facility to meet the demand for all pipe products.
4.2 WEAKNESS Storage

At present, the company is having a less storage facility of both the raw materials and the products. PVC Resin, which is the major ingredient for the pipe manufacturing, can be purchased and stored in very at times when the price decreases.
Research and Development

The company at present does not have a well efficient research and
development department. They require a constant up gradation in the products to maintain the pulse.
Employees Satisfaction
This is mainly due the inefficient treatment of the workers. Manpower is
the most valuable asset of a firm. So the management must maintain good relation with employees and help to reduce their problems. The companys HR department should look after the human resource.
Labour turnover
The company is facing a shortage of workers in the factory and
their attrition rate is high. Quality control requires a huge investment in time and man power,
marketing.
this involves a considerable lead time before the products are approved for
4.3 OPPORTUNITIES Development of the Economy

As mentioned early if Indian economy develops faster it can result in improving the sales figures. In China the per head use pipes is four times than that of India. As we know, India is now developing with same rate of China, they can hope for more sales. In addition, the concept of nuclear family has now leaded to the more buildings and flats, which in turn is an advantage to the company.
Educated Society
Kerala is a state famous for its 100% literacy. People are now becoming
more conscious about the products they purchase. They now look for brand and quality. Balco thus has more scope in coming years. There is also a shift from the concept of a more quality product rather than buying a low cost product.
Spreading out the Network

The company is spreading its business into other undetached areas of Kerala
by improving the sales network.
Products Diversification
As the name Balco has already created a brand image, the company can go
for more products diversification in the electrical segment under the name Balco.
International market
Now in the International market the demand for floor PVC pipes is
increasing. The company is now setting up a new factory at Encase in Tamil Nadu with the aim of catering the increasing demand for PVC pipes.
4.4 THREATS Price rise of fuels

The continuous rise in the price of fuel is a great concern for the company. As we know the whole, production and distribution can take place only with enormous transportation. Price rise of fuels affect the company in two ways: The price of raw materials increase and The transportation of finished goods also becomes costly.
Inflation
Inflation is always going to have a bad effect on the sales figure of the
company. As we know during inflation, there will be a temporary hold.
Shortage of skilled workers

The company is facing shortage of skilled workers in the factory. The
situation may get worse as they are able to find jobs abroad.
Competition
As we know, more and more companies are coming into this field and
they are trying different strategies for placing their product. For Balco in the conduit segment it is of less worry but in the case of water pipe segment, it is a matter of concern
The existing competitors and forthcoming competitors

The profit margin of the company is also reasonably good. This would
also attract new companies into this field. The major competitors of the company are V-Guard, Hycount, Kelachandra, Finolex, Shakthiman etc.
Summary
Through this study, the entire history and the present position of
Solve Plastic Products Pvt. Ltd. is covered in deapth. The functioning of the company in terms of the organizational herarchy, the departments, the products its produces, etc is given great importance. Finally the SWOT analysis gives an overall view of the strengths, weakness, opportunities and threats of the company. It also emphasizes on how threats can be transformed into potential opportunities.
5.1 FINDINGS
Quality is the main objective of Solve Plastics Products Pvt. Ltd. Management of the company includes well-experienced persons.
There exist a good relation between society, management and employee. Workers fear of loss of jobs and hence resist modernization of plant. Wage system is fair in the company. Workers are not satisfied with the safety measures of the company. Production capacity of the present plant is limited. The company has a better waste management and recycling system. Western Europe became the driving force behind the implementation of plastic pipes after the Second World War. The pipe industry is booming. Due to successes in local market, its brand image will help it to acquire the international market. It tries to integrate the company policies with human efforts. Inventory control and warehousing are the major functions of the production Department. By all means, they are in a position to go ahead with the expansion plans.
Since the company is ISO certified, the raw materials used should have the
required quality.
5.2 SUGGESTIONS Research and Development Department

An effective team dedicated for the research and development can bring in unexpected growth to the company. It is highly required to keep in watch the change in market pulse, technical up gradations, bring in new marketing strategies, developing in new products, etc.
Expansion of Factory to Different Districts

At present, the factory has taken one more factory in Edamon other than Punalur. It will be beneficial for the company if they expand their factories into other districts, say Alappuzha or Eranakulam. Since the production from that place can be dispatched to Trissure, Kannur, etc.
Product Caption
The brand Balco will be more effective if it is promoted with a constant caption.
Introducing New Technology

The company is adopting a new machine with new technology. It leads to effective production without waste. If the printing process is automated, it will reduce labor cost.
Training Program to Employees

The company should providing proper training to their employees in accordance with latest technologies. The company should conduct
attitude and morale surveys in order to check the performance or the employee turn over, absenteeism etc.
Recreational Facilities
The company should try to improve the recreational facility such as canteen services.
Personnel Research Program

The company should improve personnel research
programmes to keep good human relations and labour management relations.
CONCLUSION
The one-month organization study in Solve Plastic Products Pvt. Ltd. has helped me in several areas like understanding the various levels of an organization, understanding its work culture, difficulties in maintaining of the business etc. This one month had added immense knowledge and it was amazing to be in a prestigious organization like Solve Plastic Pvt. Ltd. The various departments function in a coordinated manner there by making the internal functioning move at its best. Also the employees are quite satisfied with the work environment they are provided with. Today the company is aims at being Rs.100 core businesses, keeping the customer, and quality in mind. It is doubtless that the quality and the immense effort followed by the company will definitely take this brand into new heights. In few years, we can hope that the name Balco will be a nationally admired brand.
BIBLIOGRAPHY
Book Resources
Potty L.R: Research Methodology, Yamuna Publications, Seventh edition.
Kotler Philip & Armstrong Garg, Principles of Marketing, Eighth edition.
Kotler Philip, Keller Lane Kevin, Marketing Management, Twelfth
edition published by Hall of India Pvt Ltd 2006.
Office Resources Office documents & financial reports
Web Resources Www. balcogroup.com

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AN ORGANIZATIONAL STUDY AT BALCO

MOUNT ZION COLLEGE OF ENGINEERING, KADAMMANITTA 1

AN ORGANIZATIONAL STUDY AT BALCO

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1.2 OBJECTIVES OF THE STUDY

1.3 SCOPE OF THE STUDY

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AN ORGANIZATIONAL STUDY AT BALCO

1.4 METHODOLOGY Primary Data

1.5 DURATION OF THE STUDY

1.6 LIMITATIONS OF THE STUDY

AN ORGANIZATIONAL STUDY AT BALCO

2.1 INDUSTRY PROFILE

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AN ORGANIZATIONAL STUDY AT BALCO

The other companies include:

1. Kelachandra 2. Shakthiman Super 3. Vajra plastics 4. Prestige Plastics 5. Pearlblack 6. Goodwill

AN ORGANIZATIONAL STUDY AT BALCO

2.2 COMPANY PROFILE

AN ORGANIZATIONAL STUDY AT BALCO

AN ORGANIZATIONAL STUDY AT BALCO

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The Balco Group

BALCO INVESTMENTS BALCO CHARITIES KALLADA ORGANIC FOODS.

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AN ORGANIZATIONAL STUDY AT BALCO

Solve Plastic Products Pvt. Ltd.

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AN ORGANIZATIONAL STUDY AT BALCO

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AN ORGANIZATIONAL STUDY AT BALCO

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AN ORGANIZATIONAL STUDY AT BALCO

Market Share of the Company

Future of the company

Competitors of the Company

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AN ORGANIZATIONAL STUDY AT BALCO

Products of the Company

Objectives of the Company

AN ORGANIZATIONAL STUDY AT BALCO

maximum permissible delay of 2 days.

To strive for a continual improvement of quality with a rejection of

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2.3 PRODUCT PROFILE

1) Balco PVC water pipes

Features of Balco PVC water pipes

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Excellent Tensile strength.

Advantages of UPVC pipes over others

AN ORGANIZATIONAL STUDY AT BALCO

2) Balco PVC conduits

Features of Balco conduits

AN ORGANIZATIONAL STUDY AT BALCO

3) Balco Solvent Cements and Bends

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AN ORGANIZATIONAL STUDY AT BALCO