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Balaji sponge iron pvt ltd is a sponge iron manufacturing company with an annul production capacity of 20000 metric tons . BSLPL is situated at 25 km from city (Bellary) near Hirdehal village D Hirehal (A P) . it has their own land which would avail all the benefits from their own private land for setting up the industrial unit. The strategic location of the plant in Hirdehal village D Hirehal near Bellary which is condition by the availability of raw materials in sufficient quantity with in reasonable economic distance. Sponge iron Indian ltd provides the technology for production. The company has captive sponge iron plant with captive of 20000 metric tons producing . a plant has the rotary with preheating technology. The company has an internal safety policy which ensure safe and healthy working conduction paramount importance is being given to employees of BSPL. Where the working environment is more challenging compared to other processing industries. The employees are given safety appliance like goggles, hand gloves, safety shoes, helmets, mask etc., and the company has the facility of medicare with qualified medical practitioner.
To setup an eco friendly steel plant of international standards and offer best quality sponge iron to the global market and stand ahead among the sponge iron manufactures.
BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH,DAVANGERE
SAI BALAJI SPONG IRON PVT LTD BELLARY
To be innovative resourceful and profitable company To meet customer requirements of quality service and price consistently. To make doing business with us easy” and delight to our customers. To provide a congenial and entrepreneurial work environment in which employees can respond to the needs of business and earn fair rewards
Objectives of the company To utilizes effectively the natural resource of the state and produce wealth for general prosperity of society. To establish long term relationship with customer. Planning to have a thermal power plant in the company premises. To use professional management methods. To achieve the company goals. As much as possible lowest energy consumption rate. Producing continuously the A grade quality of sponge iron. To achieve a productivity of 220 M T per day is planned for 2 killn of the next coming days To adopt Eco-friendly technologies & maintain environmental healthy.
BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH,DAVANGERE
SAI BALAJI SPONG IRON PVT LTD BELLARY
PURCHASE & MARKETING DEPARTMENT
DEPT IN CHARGE
DEPT IN CHARGE
DEPT IN CHARGE
QUALITY CONTROL DEPT
BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH,DAVANGERE
SAI BALAJI SPONG IRON PVT LTD BELLARY
Product profile of the organization
Sponge iron is the product created when iron ore is reduced to metallic iron, usually with some kind of carbon at temperatures below the melting point of iron. This result in a sponge mass, sometimes called a bloom, consisting of a mix of incandescent wrought iron and slag. Use of sponge iron Sponge iron is not useful in itself but must be processed further to create wrought iron. The sponge is removed from the furnace called a bloomer and repeatedly beaten with heavy hammers and folded over to remove the slag, oxidize any carbon or carbide and weld the iron together. This treatment usually creates wrought iron with about three percent slag and a fraction of other impurities further treatment may add controlled amount of carbon allowing various kinds of heat treatment (e.g. “steeling”). today, sponge iron is created by iron ore without melting it. This makes for an energy-efficient feedstock steel manufactures which used to rely upon scrap metal.
BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH,DAVANGERE Page 4
However. regenerative furnace. All of the methods through which low carbon wrought iron can be produced directly from the ore are referred to as direct reduction processes. In historic times. commonly called sponge iron. sponge iron was produced in shallow hearths.DAVANGERE Page 5 . sponge iron has found increasing use in the manufacture of wrought iron and as substitute of scrap during steel making. shaft furnaces. are called direct reduction processes. and primarily because the reduction takes place at relatively low temperature compared to Blast Furnace. it is commonly known as powdered iron and used in the manufacture of many useful articles by the techniques of powder metallurgy. After the development of the blast furnace.SAI BALAJI SPONG IRON PVT LTD BELLARY Historical Development of Sponge Iron Making Sponge iron provided the main source of iron for many centuries before the blast furnace was developed. Sponge iron is chemically more active than steel or iron millings. below the melting point of the iron produced. In the granular form. while still hot. Process that produce iron by reduction of iron ore. rotary hearth furnace / rotary kilns. Sponge iron is produced as granular material or as sintered mass. and the products referred to as Direct Reduced Iron (DRI). depending upon the methods of treatment applied to hot material. to expel most of the slag and compact the mass. reverberatory furnaces. which used charcoal as reluctant fuel. In modern times. the iron was further freed of slag and forged into the desired shape. direct processes were nearly abandoned. Usable articles of wrought iron were produced by hammering the sponge mass. The product of these early smelting process was a sponge mass of coalesced granules of nearly pure iron intermixed with considerable slag. including pot furnaces. By repeated heating and hammering. direct reduction process is still used because of the ease with which iron ores are reduced making the processes appear enticingly simple. which produced high carbon pig iron. The attempts to develop large-scale DRI plants have embraced practically every known type of apparatus suitable for the purpose. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Today the major portion of DRI is melted along with Hot Metal / Pig Iron/scrap in the Electric Arc Furnace (EAF) and Induction Furnace(IF) for steel making and producing steel castings (rounds/ slabs/ billets/ blooms). turnings or wire strips.
SAI BALAJI SPONG IRON PVT LTD BELLARY electric furnaces. coal gas. the objective is to produce liquid steel directly from ore and these processes are generally classified as direct steel making process. producer gas. Many of these developments were targeted to use non-coking coal or natural gas as reluctant. The direct smelting process and direct steel making process is outside the scope of this project. may be overriding. The processes that produce molten product (similar to blast-furnace hot metal) directly from ore are generally classified as direct smelting processes. factors associated with location. MAJOR COMPETITOR FOR SAI BALAJI SPONGE IRON PVT LTD 1) 2) 3) 4) Rav`s steels pvt ltd Benaka sponge pvt ltd Venkateshwar steel pvt ltd Janki sponge iron pvt ltd Future plans of the organization To produce quality sponge iron product as per domestic and international market and to achieve minimum cost of production & maximize the profit. fluidized bed furnaces and plasma reactors. capital cost and availability of ore and fluxes. We have latest technologies to establish leadership in field of sponge iron and BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. tar. such as natural gas. and hydrogen have been tried. coke. and proximity of markets. experiments were made to develop a low cost and simple to operate substitute of blast furnace. availability of trained manpower. distillation residues. These broad categories are clearly distinguished by the characteristics of their respective products. although all of these products may be further treated to produce special grades of steel in the same refining or steel making process. charcoal. Over the past several decades. coal. Many different kinds of reducing agents. fuel oil. In some of the more ambitious projects. graphite.DAVANGERE Page 6 . However. no effort has been made to evaluate or compare the different processes on either on economical or technical basis because in many cases.
SAI BALAJI SPONG IRON PVT LTD BELLARY contribution to national wealth and ultimately to become the leaders in steel city (Bellary). The major function departments are: Finance department Accounts department Purchase & marketing department Human resource department Inventory department Production department The vital department which facilitate the production process are: Process department Electrical department Laboratory department Mechanical department BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.DAVANGERE Page 7 . Functional departments All the organization irrespective of their size and span of control have many jobs which are classified on the basis of their function which are known as division or department. The function department at BSPL are so designed to facilitate the production process and to reduce the cost of organization. A board of director governs the company the chief executive officer of the company is the managing director who shall exercise his power subject to the overall control and supervision of the company. The managing director is the operation head of the company supported by plant manager and departmental heads discharging different functions among various departments.
SAI BALAJI SPONG IRON PVT LTD BELLARY Production department BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.DAVANGERE Page 8 .
SAI BALAJI SPONG IRON PVT LTD BELLARY Production Department Process Department Assent Trainee Electrical Department Assent Trainee Laboratory Department Assent Trainee Mechanical Department Assent Trainee Figure production department IRON ORE COAL DOLOMITE SPONGE IRON PRODUCTION FLOW CHART ROTARY KLIN ROTARY COOLER VIBRATING SCREEN SPONGE IRON LUMPS ( 4 TO 16 MM) MAGNETIC SEPERATOR CHAR SPONGE IRON FINES (4 TO 12MM MAGNETIC SEPERATOR (0 TO 4MM) DOLCHAR (0 TO 4MM) BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.DAVANGERE Page 9 .
BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. the iron ore is procured from local landlords the substitute raw materials like dolomite & coal is ordered from Orissa a mixture of south African and Indian coal is used in the proportion of 2:1 the south African coal is procured from local agencies.e. The raw material samples are brought and the lab in charge inspects it in the laboratory if the materials meet the standard then the order is placed.SAI BALAJI SPONG IRON PVT LTD BELLARY In the manufacturing concern production department plays an major role and rest of all the department support the production process. The production department is the largest department of the steel industry. Production department requires three kinds of raw materil: Iron ore Dolomite (lime stone) Coal Machineries play a major role in the production process the major machineries used are Pre-heating Main kin Cooler ESP (electrical statutory precipitator device) The major raw material i.DAVANGERE Page 10 .
DAVANGERE Page 11 .SAI BALAJI SPONG IRON PVT LTD BELLARY BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
which is supplied by GESCOM at commercial rates a substitute of diesel generators is also installed in case of emergency.DAVANGERE Page 12 .SAI BALAJI SPONG IRON PVT LTD BELLARY Organization structure of production department General manager Manager Senior shift incharge Shift incharge Shift employ Trainee the major source to run the machines in the plant is electricity. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
They are as follows: Coal circuit Iron ore circuit Dolomite circuit The iron ore circuit is the most important circuit in the whole plant which involves the major processing of raw material the various sub machines used in this circuit are: Ground hopper.DAVANGERE Page 13 . Cone crusher.SAI BALAJI SPONG IRON PVT LTD BELLARY Raw material plant section: This section is further into different circuit depending upon the storage of the raw material. Vibro feeder. Double deck screen Bunker BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
O.S 1.C D.D.s-Double deck screen I.D.F – Vibro Feeder C.0 B 300 T Over size G.C – Cone crusher D.H V.Ground hopper V.0 B 300 T 1.DAVANGERE Page 14 .Bunker BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.SAI BALAJI SPONG IRON PVT LTD BELLARY IRON ORE CIRCUIT G.H .H C.B.
The KTS trained the employees and later on the engineers at BSIPL started maintaining it.DAVANGERE Page 15 . Every part and section of the plant can be controlled through this programming logic control.SAI BALAJI SPONG IRON PVT LTD BELLARY PROCESS DEPARTMENT The process department at BSIPL is the mother board of the organization it controls every of the plant. Initially the PLC was maintained by kishore Technical solution a pvt solution providing firm. Quality control department The aim of BSIPL is to achieve customer satisfaction through collective commitment on their employ in manufacturing quality sponge iron. cooler is maintained through this department. The programming logic control was customized and designed for this plant by ABB (asea brown boveri). BSIPL believes that commitment of their employ is the primary for their quality goals therefore BSIPL emphasizes on training motivating and involve employees at every level to achieve their aim. The quality control department has a sophisticated lab where in all quality control checks are performed. The process department is managed by the general manager and engineer they maintain all the circuits by programming logic control. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. The programming logic control system used to maintain the quantity for feeding the iron ore. Every hour the quality checks has been done to maintain quality and at every stage of the process finally the quality is checked and the finished goods is dispatched in order to maintain satisfaction.
DAVANGERE Page 16 .SAI BALAJI SPONG IRON PVT LTD BELLARY Scope The scope of quality control covers the following: Inward goods inspection: Several factors are considered in inspecting the raw materials Iron ore: Moisture content Magnetic power Blue dust Contamination FET Tumbler Coal : Moisture content Sulphur content Dolomite: Moisture content In process inspection Finished product inspection and testing Inspection and dispatch BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
There are few major customer who order through PO BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.SAI BALAJI SPONG IRON PVT LTD BELLARY Organization stricter of quality control Senior manager (quality control) H.O. This plan is formulated by taking into consideration the orders received. The aim of strategic planning it to shape the companies business and products so that yield target profits and growth.DAVANGERE Page 17 . Market oriented strategic planning “is the managerial process of developing and maintain a visible fit between the organization objective skills and resources and its changing market opportunities.D Senior incharge Employee Assistant MARKETING DEPARTMENT Marketing is indeed an ancient art: It has been practiced in one from other since the days of adam and eve. It emerged as management discipline it gained so much importance and status that today almost every management thinkers and practitioner through out the world view it as the most important of all management function in a business.
SAI BALAJI SPONG IRON PVT LTD BELLARY The orders are received by giving. In keeping touch with the main and each monthly plan the marketing manager formulate the plan dairy for the purpose of dispatching of goods accordingly to the order recvived. which makes variety of steel. It also refers to the aggregate of all consumers existing and potential for the products. which directly gets order from customers Marketing Market is a place where a goods & service are exchanged the term market means to aggregate of all demands for all particulars products of service. The present study reveals that there are five major marketing centers in the country. The standards formulated accounts to achieve the sales target of 1300 to 1500 MT per month. Marketing channels The major demands for sponge iron is from induction furnace units are hundreds of induction furnace units spread all over the country. Especially in the case of BSIPL.DAVANGERE . Personal visit to induction furnace The standard set for the marketing department is to achieve the sales target of 20000 MT per year one the main plan is formulated by top level management. Hyderabad Coimbatore Bangalore Kochi Mumbai Page 18 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. The purpose (or) objectives of marketing planning is: To enjoy profit To achieve the pre set standards and To satisfy customer as it is buyer market.
P (Andhra Pradesh ) T. Industrial marketing channel 0 level Manufacture 1-level Manufacture Commission agents Industries BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Balaji sponge iron pvt ltd receive orders directly from industrial customers In Karnataka 0-level marketing 1-level Some times receives order from commission agents 1-level some times receives order from commission agents marketing comes out of state in A.SAI BALAJI SPONG IRON PVT LTD BELLARY Balaji sponge iron pvt ltd Industry marketing channels 0-level.N ( Tamil Nadu ). Supply from Quarry to Production plant without any brokerage or any agent In Karnataka it`s rule made by govt of Karnataka.DAVANGERE Page 19 .
To see the smooth running of production It ensures timely delivery It helps in balancing supply and in stabilizing the prices. The product produced is dispatched to different places according to the orders received and the remaining product is stored in the ware house for further dispatch. The major raw materials required for the process include iron ore.DAVANGERE Page 20 . The function of the purchase department starts with getting the requisitions from the respective departments with the consultation from the warehouse and financial incharge. The purchases are made by calling out tenders. and then the selection is made on the basis of its feasibility to our organization.. coal and dolomite apart from these are various stationeries required for different department which are taken care by the purchase department. The physical job of creating and scanning the network of storage point The managerial task of controlling the inventory level Advantages of maintaining ware house To meet the demand. Inventory department BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. As a matter of fact ware housing management has two distinct equally important parts. Purchase department To carry on the production process in the organization some of the input are required which are purchased through the purchase department. In main ware house of BSIPL at the production centre the ware housing system once designed and put into operation is partly fixed and partly adjustable equally.SAI BALAJI SPONG IRON PVT LTD BELLARY WARE HOUSING Every company has to store finished goods until are sold because production and consumption cycle rarely match.
The raw materials are ordered for every 15 days considering the following: A reorder quantity is 3000 tones A reorder level is 2500 tones A safety stock of 1500tones is maintained. Therefore it has become an important function of management to provide for adequate finance for the function of the enterprise. by using techniques like. It cannot work unless it has got sufficient amount at its disposal to purchase machine and materials. An important requirement for the success of any business organization is the provision of sufficient amount of funds or capital. EOQ (Economic order quantity) MRP (materials requirement planning) etc. Raw materials work in progress (semi finished goods) and finished good clubbed together is know as inventory. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. The event of capital-incentive techniques has increased the importance of finance.DAVANGERE Page 21 . as it is required to purchase machines and materials to pay wages and salaries to employees and allow credit facilities to customers. The ambition plans of many industries remain mere dreams unless adequate finance is available to convent them into reality.SAI BALAJI SPONG IRON PVT LTD BELLARY Inventory department is concerned with procurement of the raw materials. build premises. Inventory department plays a vital role in every organization because lower inventory disturbs the production activity and higher inventory leads to dead investment resulting in reduced profits. Money is the lifeblood of the enterprise.. thus the inventory department manger should strike a balance between these two. and meet day-to-day expenses and for several other purpose. FINANCE DEPRTMENT The Finance function deals with the procurement of money at the time when it is needed and its effective utilization in the enterprise. In BSIPL a combination of both EOQ & MRP is used.
STRUCTURE OF FINANCE DEPARTMENT General Manager ( Finance) Manager Fin A/C Accountant OBJECTIVES OF FINANCE DEPARTMENT Since financing is one of the function area of any business enterprise. Ensuring a fair rate of return on capital to the suppliers BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.DAVANGERE Page 22 . The objectives of the finance department should be so devised that they contribute directly towards the achievement of the overall organizational objectives. The objectives of financial management must be in the over all objectives of the enterprise.SAI BALAJI SPONG IRON PVT LTD BELLARY For companies which carry on production and distribution on large-scale provision of adequate finance is a very challenging task. Ensuring regular and efficient supply of capital to the business.
Valuation of inventories like raw materials stores and spares are valued at weighted average method.F.DAVANGERE Page 23 . auditing and capital budgeting. 3. 1. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.SAI BALAJI SPONG IRON PVT LTD BELLARY Ensuring better utilization of capital by following the principles of liquidity profitability and safety. fund management. 2. Gratuity will be limited to half a month`s salary for each completed year service. Finished goods including traded goods are stated at cost net realizable value. Perquisites shall be evaluated as per IT rule wherever applicable and in absence of any such rule perquisites shall be evaluated at actual cost. Act not excluding 12% of the basic salary. Fixed assets are stated at costless deprecation. Coordinating the activities of the finance department with those of the other department of the enterprise. Manager finance : He is responsible for overall financial planning and for raising capital. Accounts are prepared on historical cost and on going concern basis the company has adopted in preparation of financial statement. Expenditure during construction period is debited to the capital work in progress and the same will be allocated. he has following important function to perform the major activities such as financial forecasting. Policies . Deprecation of fixed assets is calculated in straight-line method at the rates and in the manner specified in schedule XIV to the companies act 1956 and the relevant accounting standards issued by the ICAI Practices/procedures Companies contribute to PF ( provident fund )and super annual funds as per the rules of P.. 4.
03.11 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.75 7.7 5 Output Fines 25% + Lumps 75 % 2.10 0. 0.DAVANGERE Page 24 .SAI BALAJI SPONG IRON PVT LTD BELLARY The company has given interest free loan and advances in the nature of loans to employee`s recovery. Sales 10. VALUE ANALYSIS Sponge Iron – 100 TPD plant – output 93 tons/day (Rs.015 0. In lakhs) Raw Material I.48 0.82 Working Expenses Manpower + Power + Interest + Admn. Exp. MODES OF RISING OF FINANCE BY BSIPL: 75% of total funds for BSIPL was contributed by promoters themselves the remaining 25% funds was raised through Andra bank.7 • Captive power plant will minimise energy cost • Raw material cost can be reduced by 30% if linkages are established.76 7. Raw materials stores & spares are physically verified every quarterly.32 3.70 • • High profit high risk Profit Raw material constitute 90% of the Sales – cost COP = 1.75 0.46 SAI BALAJI SPONGE IRON PVT LTD BELLARY TRADING & PROFIT & LOSS ACCOUNT FOR THE YEAR ENDING 1. Ore + Coal + Dolomite 3.20 CO P 8.
15 PARTICULARS By Sales of Sponge Iron By Closing Stock Amount ( In Lakhs) 4590 20 3154.49 888. Amount ( In Lakhs) 113.SAI BALAJI SPONG IRON PVT LTD BELLARY Dr Cr PARTICULARS To Opening Stock To Raw Material Consumption To spares Lubricants Repairs Wages Bonus Fringe charges etc To Gross Profit cld .83 4610 Financial Charges ( Bank Charges. Commission By Gross Profit bid 4610 888.DAVANGERE Page 25 .53 453. Letter of credit.83 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
72 Professional Charges Plant and Machinery Maintenances Rates and Taxes Traveling and Miscellaneous Expenses Administrative and Operating Expenses Vehicle Maintenances & Salaries Net Profit(transferred to partner's capital) 926.03 70.94 Other Receipts Int Received ITom Bank 42.SAI BALAJI SPONG IRON PVT LTD BELLARY Charges) Office Maintenances 23.55 187.01 19.20 SAI BALAJI SPONGE IRON INDUSTRY BELLARY BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.03 926.30 33.78 8.34 102.64 ( FD ) & other Receipt 37.DAVANGERE Page 26 .75 437.
60 OTHER CURRENT ASSETS CENVAT Receivable Service Tax Receivable 630.52 2457.29 SBI : 199.03 863.52 Tauseef 194.88 CAPITAL WORK IN PROGREES 1054. Bellary CURRENT LAIBITIES Sundry Creditors Advance‟s against Supply of Materials 948.9 0 948.12 863.15 PROPERTY Factory land at Halkundi Land at T.03 Loands Ing Vysya Bank Term Loans : 1853. Budihal Assets as per Dep Schedule 1958.55 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.51 Asif : 25.03 2052.03.SAI BALAJI SPONG IRON PVT LTD BELLARY BALANCE SHEET AS ON 31.9 0 CURRENT ASSETS DEPOSITE Bank Deposits CURRENT ASSETS DEPOSITE Bank Deposits 551.2011 LABITES Amount (In Lakhs) Assets Amount (In Lakhs) PARTERS CAPITAL FIXED ASSETS IN MOVABLE A/c Ahmed : 2005.59 VEHICAL LOANS M/s Sundaram Finance.DAVANGERE Page 27 .
43 H.47 Closing Stock Cash in Hand Cash @ Bank 1420 5. Our approach shall be proactive we shall aim for win solution in every major decision making what ever presidential people are involved. We shall develop effective human resource police and system that leads to healthy interpersonal relation and positive in the organization.R department believe that human resource are a great asset and that human resource are a great asset and the people have the potential to exceed openness mutual understanding and trust in the company people are treated with dignity and respect.R DEPARTMENT H.40 6103. Our approach shall extend uncompromising quantity service all the people in the organization within the frame work of the approved police of the company.DAVANGERE Page 28 . The company follows a simple HR structure every department has an incharge who also plays a role of an HR personal and repots to plant manager.SAI BALAJI SPONG IRON PVT LTD BELLARY Sundry debtors Income Tax EXPENSES PAYABLE 49. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.20 61.
R DEPARTMENT MANAGING DIRECTOR PLANT MANAGER FINANCE MANAGER ACCOUNTS DEPARTMENT PURCHASE & MARKETING DEPARTMENT OPERATION DEPARTMENT DEPT INCHARGE (HR PERSONAL) DEPT INCHARGE (HR PERSONAL) DEPT INCHARGE ( HR PERSONAL) MECHANICAL DEPT ELECTRONIC DEPT QUALITY CONTROL DEPT DEPT INCHARGE (HR PERSONAL) DEPT INCHARGE (HR PERSONAL) DEPT INCHARGE (HR PERSONAL) Page 29 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.SAI BALAJI SPONG IRON PVT LTD BELLARY STRUCTURE OF H.DAVANGERE .
m and shift C start from 10 p.m 10 a. shift `A‟ start from 6 a.m to 6 a.m lunch break is between 1 p. all the associates must repot to duty on or before half an hour of shift hour.m and ends at 6 p. SHIFT SHEDULE Shift Working hours Break General Shift „A‟ Shift „B‟ Shift „C‟ 9 a. shift „B‟ start from 2.m 2 p.m 10 p.m to 2 p.m . BSIPL`S Rules regulation and policies Working Hours : The general working hours start at 9 a.m to 02 p.m to 2 p.p.m to 7 p.m to 6 p. Forecasting of manpower requirement.m 6 p.m BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.m to 1 p.SAI BALAJI SPONG IRON PVT LTD BELLARY ELEMENTS OF MANPOWER PLANNING AT BSIPL Systematic and continuous analysis of manpower resources.m to 2 p.m 12 a.m to 10 p.DAVANGERE Page 30 .m BSIPL is also having shift based working hours.m to 11 a.m 1 p.m.m to 6 p.m to 10 p.m 6 a.
PAYMENT AND SALARY: The company makes its all payment through cash only. One should wear one‟s identity card until he leaves the factory. I D: The new associate after reporting to the duty should contact the plant manger and should collect identity card.SAI BALAJI SPONG IRON PVT LTD BELLARY Table 1 : shift schedule ATTENDANCE: Regular attendance should be compulsory for each and every worker working in the organization.DAVANGERE Page 31 . Total salary will be calculated on the basis of total working days. Total working days= actual working days – employees absents BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. one should report to the plant manager immediately. In case of loss of the ID card.
75% of the same.DAVANGERE Page 32 . TRANING PROGAMS: The company gives training to the works on the basis of working condition the training provided at BSIPL is in-plant training is divided in to two types.5% the gross salary and the management contribution is 6. A list of holidays is displayed in the notice board. TYPES OF TRANING Fresher‟s Training DURATION 4 Months to 6Months Experienced training 15 Days STATUTORY BENFITS: The company provides all statutory benefits like.SAI BALAJI SPONG IRON PVT LTD BELLARY HOIDAYS: The company makes has declared 10 national and festival holidays. ESI: ( employee state insurance ) The ESI benefit is provide to all eligible associates. The employee`s contribution to ESI is 8. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
AMBULANCE: The company has the ambulance facility for transportation during emergency. Employee contribution to PF is 12% of the basic salary and for the DA the management contribution is 12% which is equivalent to employeee‟s contribtion. GRATUITY: Any employee completing continuous five years of services in an organization is eligible to get gratuity.SAI BALAJI SPONG IRON PVT LTD BELLARY PROVIDENT FUNDS: Every associate of Balaji spong iron pvt ltd is the eligible for employees provident funds benefits. ACCIDENT INSURANCE Any accident occurring during and in course of discharge of ones official duty is insured one is eligible to claim compensation for the same.DAVANGERE Page 33 . Social benefits and welfare measures provided by balaji sponge iron pvt ltd Counseling Medical cheek up Suggestion scheme policy BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
eye guard. statutory compliances . mask. Safety devices likes needle guard. Loans.Bonus. Medical. Medical facilities and Educational facilities for the children of the workers. NO OF WORKERS WORKING IN THE ORGANIZATION Category No of workers Permanent based workers 300 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. general awareness programs and healthy camps like eye camps. facilities like PF.DAVANGERE Page 34 . rubber mat and hand gloves are provided to the workers. POLICIES: Security policy Attendance and compensatory off Dress code policy Performance management policy Balaji sponge iron pvt ltd Human resource policies adhere to the Karnataka government policy of giving basic DA with additional facilities likes PF. statutory compliances. goggle. Emergency exits are provided in all department with arrow marks to guide to the safty.SAI BALAJI SPONG IRON PVT LTD BELLARY HELATHY AND SAFETY MESAURES The company gives healthy & safety the highest priority. The first Aid and the fire fighting training is given to the associates. Bonus . Loans. dental camps vaccination camps etc……………. There is a health and safety committee to monitor the same.
The 7-S model is a tool for managerial analysis and action that provides a structure with which the whole of the organization can be considered so that the organizational problems can be diagnosed and a strategy may be developed and BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. The famous U.DAVANGERE Page 35 .S consultant Me Kinsey's and the company developed holistic approach towards the end of 1970 for diagnosing the cause of the organizational problems and formulate the project for the improvement of the physical and fiscal health of the company.SAI BALAJI SPONG IRON PVT LTD BELLARY MCKENSY`S 7S FRAME WORK WITH SPECIAL REFERENCE TO ORGANITION UNDER STUDY.
interconnectedness of the elements that design an organizations ability to change. Style: cultural style of the organization and how key managers behave in achieving the organization's goals. System: The procedures and processes that characterize how important work is to be done. Strategy: Plans for the allocation of firm's scarce resources. The 7-S diagram illustrates the multiply. 7.S model 1. to reach identified goals. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Framework of Mckinsey's 7 . Structure: The way the organization's units relate to each other. matrix. Skill: distinctive capabilities of personnel or of the organizations as a whole. competition. customers. central beliefs and attitudes. The theory helps to change the managerial thinking about how the companies can be improved. 3. 5. What does the organization stands for and what it believes in. functional division (top down). holding. Environment. The 7-S model is a framework for analyzing the organization and their effectiveness as a whole. 6. Centralized. etc. network. Staff: Numbers and types of personnel within the organization. over time.SAI BALAJI SPONG IRON PVT LTD BELLARY implemented. Shared value: The interconnecting centre of Mckinsey's model is shared values. decentralized. Promoters of the company and the qualities of the key staff.DAVANGERE Page 36 . 4. 2.
Porter of Harvard Business School in 1979. A very unattractive industry would be one approaching "pure competition". An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. The remainder are internal threats.DAVANGERE Page 37 . Three of Porter's five forces refer to competition from external sources. in which available profits for all firms are driven to normal profit.SAI BALAJI SPONG IRON PVT LTD BELLARY Mckensy`S 7s Frame Work Covered On This In Plant Training Michael Porter's five forces analysis Porter's five forces analysis is a framework for industry analysis and business strategy development formed by Michael E. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Attractiveness in this context refers to the overall industry profitability. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market.
A change in any of the forces normally requires a business unit to re-assess the marketplace given the overall change in industry information. Unless the entry of new firms can be blocked by incumbents. The existence of barriers to entry (patents. etc. The overall industry attractiveness does not imply that every firm in the industry will return the same profitability. Firms are able to apply their core competencies. the threat of established rivals. Economies of product differences Brand equity Switching costs or sunk costs Capital requirements Access to distribution Customer loyalty to established brands Page 38 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. profitability is low and yet individual companies. A clear example of this is the airline industry. the abnormal profit rate will tend towards zero (perfect competition).) The most attractive segment is one in which entry barriers are high and exit barriers are low. Porter's five forces is based on the Structure-Conduct-Performance paradigm in industrial organizational economics. to contrast it with the more general term macro environment. and the threat of new entrants. This results in many new entrants. which he found unrigorous and ad hoc. by applying unique business models. The other elements are the value chain and the generic strategies. Porter's five forces include . Porter developed his Five Forces analysis in reaction to the then-popular SWOT analysis. This five forces analysis. As an industry. They consist of those forces close to a company that affect its ability to serve its customers and make a profit.DAVANGERE . is just one part of the complete Porter strategic models. from helping businesses become more profitable to helping governments stabilize industries.three forces from 'horizontal' competition: threat of substitute products. and two forces from 'vertical' competition: the bargaining power of suppliers and the bargaining power of customers. Few new firms can enter and non-performing firms can exit easily. business model or network to achieve a profit above the industry average. rights. have been able to make a return in excess of the industry average.SAI BALAJI SPONG IRON PVT LTD BELLARY Porter referred to these forces as the micro environment. Threat of new competition Profitable markets that yield high returns will attract new firms. It has been applied to a diverse range of problems. which eventually will decrease profitability for all firms in the industry.
albeit while giving Pepsi a larger slice at Coke's expense. whereas Pepsi is a competitor's similar product. whereas increased Pepsi advertising would likely "grow the pie" (increase consumption of all soft drinks). Buyer propensity to substitute Relative price performance of substitute Buyer switching costs Perceived level of product differentiation Number of substitute products available in the market Ease of substitution. which also affects the customer's sensitivity to price changes. Note that this should not be confused with competitors' similar products but entirely different ones instead. Increased marketing for drinking tap water might "shrink the pie" for both Coke and Pepsi. Substandard product Quality depreciation Bargaining power of customers (buyers) The bargaining power of customers is also described as the market of outputs: the ability of customers to put the firm under pressure.DAVANGERE . For example.SAI BALAJI SPONG IRON PVT LTD BELLARY Absolute cost Industry profitability. tap water might be considered a substitute for Coke. as online product can easily replace material product. Information-based products are more prone to substitution. particularly in industries with high fixed costs Buyer switching costs relative to firm switching costs Buyer information availability Availability of existing substitute products Buyer price sensitivity Page 39 BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Threat of substitute products or services The existence of products outside of the realm of the common product boundaries increases the propensity of customers to switch to alternatives. Buyer concentration to firm concentration ratio Degree of dependency upon existing channels of distribution Bargaining leverage. the more profitable the industry the more attractive it will be to new competitors.
Flexibility through customization. components.g. and services (such as expertise) to the firm can be a source of power over the firm. Suppliers of raw materials. labor. e. Supplier switching costs relative to firm switching costs Degree of differentiation of inputs Impact of inputs on cost or differentiation Presence of substitute inputs Strength of distribution channel Supplier concentration to firm concentration ratio Employee solidarity (e. competitive rivalry For most industries.g..: If you are making biscuits and there is only one person who sells flour. charge excessively high prices for unique resources. the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.SAI BALAJI SPONG IRON PVT LTD BELLARY Differential advantage (uniqueness) of industry products RFM Analysis Bargaining power of suppliers The bargaining power of suppliers is also described as the market of inputs. when there are few substitutes.DAVANGERE Page 40 . labor unions) Supplier competition . Sustainable competitive advantage through innovation Competition between online and offline companies Level of advertising expense Powerful competitive strategy. Suppliers may refuse to work with the firm. or. volume and variety BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. you have no alternative but to buy it from him.ability to forward vertically integrate and cut out the BUYER Ex.
DAVANGERE Page 41 .SAI BALAJI SPONG IRON PVT LTD BELLARY SWOT ANALYSIS BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH.
Comparatively young workforce and lean manpower. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Cordial and amicable labor relationship. Infrastructural bottlenecks like Weak power transmission and distribution system. sale. limits expansion and setting up of new firms Unethical business practices in purchase. Demand for the product is on the increase. Entrepreneurs lack technical knowledge.SAI BALAJI SPONG IRON PVT LTD BELLARY STRENGTH BSIPL Units located at the heart of raw material zone . unavailability of rakes for loading etc.DAVANGERE Page 42 . Power surplus and water resource district of Bellary. High turnover of workforce at Supervisory level. Ability of the entrepreneurs to mobilize funds for expansion and diversification. WEAKNESS Non availability of quality raw material at market price. Rourkela is well connected by rail and road. Since plant has a per heating technology which makes coal consumption less and makes cost of production low.
kalyani and Mukund have come up in Bellary region from which demand for steel will increase.VOLVO etc. The prices of sponge iron are ever fluctuating. Opportunities exist for value added products for export like sintered products. Lack of Rail. Opportunities exist for reducing power consumption by installing power plant from waste heat. Steel industry such as Jindal .SAI BALAJI SPONG IRON PVT LTD BELLARY OPPORTUNITES Good scope for forward integration Opportunity exists for technology improvement to increase the yield. The growth of the steel consumption is dependent upon growth of the economy in general. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. Road. Slow down will adversely affect the units. Power and water infrastructure and insufficient raw material linkages will force the units to migrate. Coal based directly reduced sponge iron is full demand among all induction furnace MNGOT manufactures throughout India. high purity iron etc. THREATS Business operates on speculative market.DAVANGERE Page 43 . Major automobile units have come up in south India like TOYOTA .
SUGGESTION It provides commission to the traders for future increase of sales. The products produced are industry based and customer specific. The workers welfare are well taken care of by management. The training and development programs for the required are well taken care off. Industrial relation in BSIPL is peaceful.SAI BALAJI SPONG IRON PVT LTD BELLARY FINDINGS BSIPL is in unique position in its product. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. quality and service and has been considered as the Indian`s leading sophisticated products of alloy and special steel and other items. In BSIPL the co-ordination of all department are good . The work environment of the employees is influenced by noise and air pollution.DAVANGERE Page 44 .
DAVANGERE Page 45 . Diversification is necessary . as its new market place.SAI BALAJI SPONG IRON PVT LTD BELLARY BSIPL should try to ensure all reasons of India. To have one more 50 EPO killen and produce more metric tons of sponge iron. Customer meeting should be conducted once in every three month to solve the problems of customer and as well as get the suggestion from them Effective management of cash received and inventory should be done to result in satisfactory management of working capital. CONCLUSION: An employ is every organization works of betterment of the organization and so are employees at BSIPL to make them work effectively a committed factory and implementation of all labor welfare measures is essential BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. it can manufactures steels and so many other things.
DAVANGERE Page 46 . Even through the company is providing such good benefits some of the employees are not aware what the benefits the company is providing or in some cases of the employees are not upgrading them self with latest zeal and enthusiasm about the available surrounding. To conclude the study undertake has helped that Sai Balaji sponge iron pvt ltd is providing all essential labor welfare measures on the either hand employ or satisfied with most of the welfare measures provided. LEARNING EXPERINCE : Doing internship at Sai Balaji sponge iron pvt ltd was a rewarding experience. but still has come grievances.SAI BALAJI SPONG IRON PVT LTD BELLARY BSIPL is providing all facilities to its employees. The in plant training period undergo by me is for the period of four BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. As per the study it is found that the organization is excellently participating the set of the labor welfare measures but still found that there are adequate prioritized needs and requirement of the worker which needs to be giving a look. The company something cannot undertake viable measures in compliance with the demands or the needs of the employees in Sai Balaji sponge iron pvt ltd.
which I have learnt from the organization. which will guide in the work flow. BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. develop personal support and team spirit. which indicates ability to deal with subordinates in a human approach to their problem. etc of the company. By this organization I came to know how to motive counsel and lead the subordinates. Being in the organization for four weeks In plant training. directing.DAVANGERE Page 47 . controlling and decision making. regulation. where I have learnt so many things about the organization. I reported Mr. I also came to know about the important of all department and function through studying about the administrative department. set by various guidelines and also by maintaining set standards of discipline. is that employees are the most valuable assets of the organization and it is very important to keep them satisfied within the overall limits. organizing. So I come to know about the various administrative procedure and how this department administrating the organization. The most significant lesson.SREEMANNARAYNA Managing director of the Sai Balaji sponge iron pvt ltd who gave instruction on how to behave in factory premises and instructed me to follow the rules and regulation of the organization. polices.T.SAI BALAJI SPONG IRON PVT LTD BELLARY weeks. I came to know the following : Managerial knowledge such as planning. Production process Knowledge of rules. Human resource skill. procedures.
Eighth edition.economywatch . Himalaya publications. Human Resource management. Web site www.com www.com BAPUJI ACADEMY OF MANAGEMENT AND RESEARCH. 2.2004. 2005. K. Ashwathappa. Books – K. Fourth Edition.steel industry .production and operation management.DAVANGERE Page 48 . The Mc Grew-hill companies.SAI BALAJI SPONG IRON PVT LTD BELLARY Bibliography 1. Ashawathappa.