This action might not be possible to undo. Are you sure you want to continue?
” AHMEDABAD SUBMITTED BY
MR.JALAK.J.SONI S.Y.B.B.A Roll No: 237 Exam No
Smt. S.B. Patel Institute of Business Management Visnagar
Academic year 2008-09
We have heard famous sayings, “God helps those who help themselves” and “Experience is the best teacher”. On completion of my training, we could really the depth of the meaning conveyed by them. B.B.A. programme is a professional course for management studies. As this course is related to business management studies. A student should acquire knowledge not only theoretically as well as practical knowledge as a Management student. It was a privilege of me to undergo training for 21 days at Samrat namkeen pvt ltd. I have prepared that project Samrat namkeen pvt ltd. After collecting the data, I have analyzed the related aspect of Samrat namkeen pvt ltd. I have tried my level best effort to prepare this report regarding all the information about these industries.
I wish to acknowledgment the help of all these who have provided me with information, guidance and other help during my training period without their help it would have been difficult for me to have reached this state of completion my training. In written this project report. I have drawn on thoughts from a variety of discipline that has bearing on the different facts of the topics. I own a profound intellectual debt to numerous authors whose ideas and contribution have shaped my thinking on this subject. I am thankful to the chairman of the company for giving me this opportunity to under go training at “Samrat namkeen pvt ltd.” At, Ahmadabad, Dist. Ahmadabad. In which I have taken vital experience. I am heartily thankful to Mr.JayshankarVaidwho is the in charge of the company. He has given me full co-operation to give me all the information about my topic. I am real thankful to My College&Princ. Mr. Nitinpatel for providing us all the necessary facilities to carry out our project works
Thank you. -JALAK. J. SONI
The practical training is a part for the studies of management. The practical training at S.Y.B.B.A level helps us to know the working problems of industries before we enter in to any organization as an employee or executive. This will helps the student to bring out and exhibit the qualities which is not way can be exhibit by theoretical training. Under this practical training, one has to be going there in the company and their collection information and prepare a report on visit. In this project we have to do visit of 21 days of any industrial unit, This report contains the detail of my practical training experience as I got opportunity for implement my theoretical knowledge into practical. This will measure and increase the student skill ability and capacity as students gets contact with various aspects & dealing of the firm. By this way student can also gets knowledge and views about business environment. In short it is a time in which we can implement the theoretical knowledge in practical field. During training, I collect various data from them. After evaluating the data, I gave some suggestion & recommendation to the company. I have tried my best to prepare this report. This practical training will be certainly beneficial for me in the future. I am glad to present my report based on “Samrat namkeen pvt ltd.”
It began as a small homemade eatables unit at SwaminarayanTemple, Narayan Ghat, Ahmedabad, and Gujarat, INDIA in 1979. Wafers, Sevs, Bhujias, Dal, Chavana, Chevda . . .made in ancient gastronomic traditions of Gujarat. The tastes were irresistible, the products are fresh, and the packing is hygenic. Customers responded enthusiastically. And in the following years, the company evolved continuously, dictated by customer demands and market trends. Today, Samrat is a snack foods conglomerate that manufactures 25 popular products. These products reach taste-lovers in every nook and corner of Gujarat.They are also exported quite successfully. Today, Samrat is quoted as one of Gujarat's most inspiring scratch-to-riches stories. Not really surprising, as there was no way such good taste could lose. What is more, though Samrat Namkeens are eaten and relished as they are by hundreds of thousands of people, we have gone a step ahead, and created a whole range of blend recipes (where Samrat Namkeens are blended with other popular recipes to create new dishes). These innovative recipes were developed in consultation with chefs and gourmets from around the country. You can replicate these blend recipes at home, and add more spice to your home life Today, the Samrat brand posts a turnover of more than Rs. 15 crore, and reaches the length and breadth of India through a network of more than 200 Distributors and 35,000 Retailers. And the company`s future vision has laid much emphasis on export promotion.
SERIAL NO. PARTICULAR PAGE NO. PREFACE ACKNOWELDGEMENT EXECUTIVE SUMMERY INTRODUCTION GENERAL INFORMATION
1. 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 2. 2.1 2.2
HISTORY&DEVELOPMENT COMPANY AT GLANCE COMPANY’S OBJECTIVE ACHIVEMENT ORGANISATION CHART LOCATION CHART
PLANT LAYOUT CHART REASON FOR SELECTION LOCATION
INTRODUCTION ORGANISATION CHART
2.3 2.4 2.5 2.6 2.7 3. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 4. 4.1 4.2
NAME OF THE PRODUCT RAW MATERIAL MANUFACTURING PROCESS QUALITY POLICY QUALITY CONTROL
HUMAN RESOURCE DEPARTMENT
INTRODUCTION ORGANISATION CHART NUMBER OF WORKERS FACILITIES OF WORKERS TIME KEEPING SYSTEM RECRUITMENT SELECTION TRAINING AND DEVELOPMENT PROMOTION AND TRANSFER PERFORMANCE APPRAISAL WAGES AND SALARY STRUCTURES PERSONNEL POLICY
INTRODUCTION ORGANIZATION CHART
4.3 4.4 4.5 4.6 4.7 4.8 4.9 5. 5.1 5.2 5.3 5.4 5.5 5.6
DISTRIBUTION CHANNEL ADVERTISING SALES PROMOTION MARKETIG RESEARCH PRICING POLICY AND STRUCTURE COMPETITORS SALES OF LAST THREE YEAR
INTRODUCTION ORGANIZATION CHART CAPITAL LAST THREE YEAR SALES OF LAST THREE YEAR RESERVE OF LAST THREE YEAR PROFIT OF LAST THREE YEAR
HISTORY & DEVELOPMENT
The story of Samrat Namkeen is sweet and simple. It began as a small home-made eatables unit at SwaminarayanTemple,NarayaGhat, Ahmedabad,Gujarat, INDIA Wafers Sevs, Bhujias, Daals, Chavana, Cheevda .made in ancient gastronomic traditions of Gujarat. The tastes were irresistible, the products are fresh, and the packing is hygienic. Customers responded enthusiastically. And in the following years, the company evolved continuously, dictated by customer demands and market trends. 1979. Mr. Jayshankar S. Vaid was young, and his mind was brimming with ideas of enterprise.Through the week, he gathers information around for an entrepreneurial break. He visited and studied various industries weigh pros and cons. On weekends, Jayshankar indulge in what most of his friends thougt was an unusual hobby making Namkeens. On those days, he had turned his kitchen into a virtual R&D lab for his experiments in Namkeens. Later, he relish (enjoy) these with his family and friends. Then one day, in a moment dictated by destiny, the thought struck him: why not turn the hobby into a business? After all, everyone likes to eat good things.Thus began Jayshankar's life as a Namkeen manufacturer. He was a modest man, but named his product 'Samrat', meaning 'King / Emperor‟, because he was confident of its taste value.He himself prepared the Namkeens, packs them and supplied to homes nearby. There was no way that such conviction could lose.
Today, he employs more than 210 people and more than 28 sumptuous fooditems are marketed under the Samrat brand. Today, he has taste experts, foods scientists, management veterans (long experience), and a network of marketing channels, to take the Samrat brand far and wide.But there is one aspect of his business that he still directly controls -- QUALITY. And this is the reason why Samrat products still retain their home-like crunchy taste and freshness. & that‟s why it has given a tag name as a GHAR JASIE HIENAMKEEN. And this is the reason of Jayshankar S. Vaid's success.
COMPANY AT A GLANCE
NAME OF THE UNIT Vimal Flexsol Pvt. Ltd
ADDDRESS OF THE UNIT Motap Char Rasta, Mehsana-Modhera Road At & Post: Motap.
REGISTRED OFFICE “Vimal House”, 31 G.I.D.C. Estates, State Highway, Mehsana-384 002.
YEAR OF ESTABLISHMENT Vimal Flexsol Pvt. Ltd. was established in 1994 in Mehsana.
FORM OF ORGANIZATION Vimal Flexsol Ltd is the partnership firm.
AUDITORS M/S HARESH S.KANSARA & CO. Chartered Accountants
S/22, 23 Palika Bazaars, Opp. Nagarpalika Office, Mehsana-384 001. BANKERS The Mehsana Urban Co-operative Limited Bank of Baroda.
PROMOTER & EXISTING BODY Samrat Namkeen ltd. management team is as follows. Name Mr. JayshankarVaid Mr. Bhavin. j. Vaid Mr. PravinBhavsar Mr. Shiv Kumar Taneja Mr. D.M. Purohit Designation CMD Director CFO Group Manager Marketing Incharge
EMPLOYMENT Samrat Namkeen has employees 210 people. Skilled 301. A person who required to take decision e.g. Manager Unskilled 302. A person who do not required to decision are called unskilled they Labour 150 has to single monotonous work in production department
PROGRESS OF COMPANY
Today, the Samrat brand posts a turnover of more than Rs15 crore, and reaches the length and breadth of India through a network of more than 200Distributors and 35,000 Retailers. Samrat was the first of its kind to receiveofficial permission of the Indian Railways to supply its products inside railwaystations. Today, it is successfully exported to the US, the Middle East, South Africa and many other countries. It has obtained memberships of the Snack Foods Association, USA, Agricultural & Processed Food Products Export Development Authority (APEDA), India, Gujarat Chamber of Commerce & Industry (GCCI), Gujarat International Trade Promotion Council, Ahmedabad Mithai&Farsan Association, etc. It also has export approvals from the Reserve Bank of India, and the Import Export Code. Today, the domestic sales of Samrat Namkeen register a steady rise, year after year. For instance, our turnover has risen eight-fold in the last five years (1992-1998) alone. During this period, a total of 2,00,00,00 kg of Samrat Namkeen were consumed by taste-lovers around the world.
Today, the Samrat brand reaches the length and breadth of India. In fact, it‟s today one of India's best known snack foods brand, and the undoubted market leader in Western India.
(1) 100% VEGETERIAN MARK
(2) MEMBER OF SANCK FOOD ASSOSIATION VIRGINIA (USA) (here you stick the logo of SFA) (3) AGRICULTURAL & PROCESSED FOOD PRODUCTS EXPORT DEVELOPMENT AUTORITY (APEDA)
(4) GUJARAT CHAMBERS OF COMMERCE AND INDUSTRY (GCCI) (5) SAMRAT STAND AT 8TH RANK ACCORDING TO ORG MARG (here you stick the logo of org marg). It also has export approvals from the Reserve Bank of India, and the Import Export Code.
Production means produce product which useful to satisfy the wants of people. Production included all the activity of acquirement distribution of all the means of income. Production is a main & important work of all the companies, co-operative societies as well as firm. Production department is main & basic department. Samrat Namkeen Pvt Ltd is produced different types of food products in the company. Production department of Samrat namkeen pvt.ltd is intelligent and hard workers as well as other department. So the output of day to day the Samrat namkeen pvt ltd goes very high and high. Samrat namkeen ltd has a two very good hygienic production process. (1) Semi automatic. (2) Manual. And the capacity of production per day is nearly about 16000 kg in it general shift.
In charge Accountant
In charge Purchase & Store
In charge Technical
NAME OF THE PRODUCT
Today more than 25 lip smacking products come out under the Samrat brand. Alu Wafers (salted) Alu Wafers (masala), Kela Wafers (Mari), Kela Wafers (Masala), FarariChevda-mola, Sing Bhujia, Mung Dal, BikaneriSev, RatlamiSev, AluSev, Chavana-tikha, Chana Dal, ChanaJorgaram, LasanSev, Ganthia, Tum Tum, Dal Moth, Bundi-tikhi, Bundi-moli A whole range of spicy, scrumptious taste experiences that satisfy connoisseurs and common people alike.
Today more than 24 lip smacking products come out under the Samrat brand.Alu Wafers (salted), Alu Wafers (masala), Kela Wafers (Mari), Kela Wafers (Masala), FarariChevda-mola, FarariChevda-thika, Sing Bhujia, Mung Dal,
BikaneriSev, RatlamiSev, AluSev, Chavana-mola, Chavana-tikha, KhattaMitha Mix, Chana Dal, ChanaJorgaram, LasanSev, Ganthia, Tum Tum, Dal Moth, Bundi-tikhi, Bundi-moli, Nylon Sev, SadaSev, a whole range of spicy, scrumptious taste experiences that satisfy connoisseurs and common people alike. What is more, though Samrat Namkeens are eaten and relished as they are by hundreds of thousands of people, we have gone a step ahead, and created a whole range of blend recipes (where Samrat Namkeens are blended with other popular recipes to create new dishes). These innovative recipes were developed in consultation with chefs and gourmets from around the country. You can replicate these blend recipes at home, and add more spice to your home life. Or, if you are a restaurateur, you can use these imaginative blends to attract more customers.
SAMRAT AS A PRODUCT
Samrat brand initiative extends to four A‟s that are indispensable for achieving business success Awareness:samrat namkeen has it brand awareness all over the India and also in the country like USA. Just because of it wide network of marketing and available in wide variety choice of product in different taste. Availability:This is one of the strongest beams of samrat popularity in market. Because it is available on each and every corner of our country through its strong marketing channel about 200 distributors 35000 retailers. Acceptance:There is one more reason behind it popularity is that because of it continues delivering quality content has made the consumers accepting samrat product without any hesitation. And samrat always believe in the philosophy that quantity always flows quality.
Affordability: Food is being one of the basic need of human been .And being food processing company it keep such a price of product which are affordable to consumer pockets and easily satisfy there need in different taste.
Existing: Samrat namkeen ltd has a two very good hygienic production process. (1) Semi automatic. (2) Manual. And the capacity of production per day is nearly about 16000 kg in it general shift. Purpose: Production is the process, which is, performs by the company to convert the row material into finished product.
Manufacturing process of potato chips
Cleaning Raw material Cutting of potato’s
Drying Frying of potato chips
Spreading of Masala
Fryed chips keep open for cooling
1.8.2. Stages of production process: Raw material :
Any production process start‟s with the raw material. In this production process of potato chips .firstly all the potato‟s get clean &potato of bad quality is being thrown out .And after it is washed in water.
At this stage all the potato cutted into chips by to ways automatic & manually .And after cutting all the chips kept open for drying.
Frying & cooling :
Here all that potato chips are fryed in oil .And after frying all that fryed chips kept open for cooling.
Spreading of masala & Dispatch :
After loosing the hotness when the wafers become cool. At this stage masala is spreaded on all the wafers chips. And after it all that waffres further goes for dispatch.
Raw material is the basic thing for carrying and way production function. The raw material may be purchased from outside resources or company its self manufactures it. Samrat Namkeen Pvt Ltd adopted purchasing policy for its raw materials from various middleman and agents. The top management is responsible to lie down or formulate certain principles on which purchasing action is based. Quantities, quality, price, terms of delivery suppliers reputation are perform great role in purchasing decisions of any company. Samrat Namkeen greater emphasis on the quality of products of raw materials, quality is maintained strictly. Company puts orders of raw material in the required quantity. When the company receives the raw material it first of all makes the inspection of the raw material. After the completion of inspection of raw material it is to be used for the production. LIST OF RAW MATERIAL Rice (Soaked) Oil Jeera Onions (Chopped)
Carrots French beans (Cubes) Green peas Potatoes (cubes) Lime juice Salt Green chilies (Chopped)
Price list of company
PRODUCTS CHANA DAL CHAVANA- MOLA CHACVANA-TIKHA KHATTA- MITTA MIX DALMOTH SADA SEV NAYLON SEV PACK SIZE 10g 10g 10g 50g 50g 100g 100g M.R.P PER PKT. 1 1 1 5 5 8 8
BUNDI-TIKHI BUNDI-MOLI GANTHIA TAM TAM CHANA JORGARAM LAHSUN SEV MASALA SING RATLAMI SEV BIKANERI SEV SING BHUJIA MUNG DAL ALU SEV FARARI CHEVDA- MOLA FARARI CHEVDA-TIKHA
200g 200g 400g 400g 1Kg 1Kg 1Kg 10g 50g 100g 200g 400g 40g 100g 200g 1 Kg
15 15 28 28 66 66 66 1 5 9 17 32 5 10 19 90 5
KELA WAFER- MARI
The management and staff of Samrat Namkeen Pvt Ltd is committed to increase its market share by manufacturing food products of international quality, consistently, which is achieved by;
1. Studying market trends and customer needs.
2. Continuously improving up on the quality system. 3. Manufacturing a cost effective products.
It is an aim of every individual to contribute towards achievement of objectives, set by the management each year.
The component function of an organization is human resource or people at work. The personnel management is concerned with the employee it is the art of accruing developing and maintaining a competent work force is such a manner as to accomplish with maximum efficiency and economy the function and objectives of organization.
The personnel management is a very important function of any organization as it deals with managing people, which are the most valuable Resource of any organization. For the efficient working of any organization adequate support has to be given to the different requirements of its employees, proper satisfaction and also the training needs.
Samrat Namkeen Pvt. Ltd. All the decisions regarding employees are taken very effectively. They give more important to employee‟s efficiency. Employees are given proper training and also fair wages. Personnel head always remain aware necessaries of employees, try very much to fulfill them, and provided cordial environment to workers for working.
Personnel department performs factions such as manpower planning, recruitment, selection, main training discipline action and also training programs.
General Manager (Personal)
In charge Maintenan ce
In charge Mechanic Shop
In charge Planning Production
In charge Personnel & Administrator
WHAT EXACTLY HUMAN RESOURCE MANAGEMENT?
“Human Resources management “is distinctive approach to employments
management which seeks to achieve competitive advantage through the strategic development of highly committed and capable workforce, using an integrated carry of cultural, structural and personnel technique.”
NUMBER OF WORKER
Total no.s of employes 215
No. of Employes
Un skilled Semi skilled
--------------------125 ---------------------50 ---------------------40
FACILITY TO THE WORKER
The GokulRefoil& solvent ltd.gives the different facilities and also gives the monetary incentives. Diwali bonus Medical facility Senitery facility Loan Instantive facility Uniform Shoes caps Overtime facility
1 hour break
TIME KEEPING SYSTEM
Recording attendance of each and every employee with in the organization is known as time keeping records. The time system should be maintained for proper function of administration. Samrat Namkeen ltd. has just the single shift per day which we called a general shift 9:30 am to 5:00pm. Manual entry is done.
RECRUITMENT, SELECTION PROCESS
“Recruitment is the positive process by striving more & more people to apply. It is the process to discover the source of manpower to meet the requirement of the staffing schedule and to employ effective measure for attracting the manpower in adequate number to facilitate effective selection of an effective working force” Recruitment has been regarded as the most important function of personnel administration, because unless the right types of people are hired, even the best plans, organization structure and control system would not work efficiently. The selection procedure is concerned with securing relevant information about an applicant. This information is secured in a number of steps or stages .the objective of selection process is to determine weather an applicant meet the qualification for a specific job and to choose the applicant who is most likely to perform well in the job. The company has been recruiting employees by recommendations and referrals from close friends and relatives of employees or directors. The organization dose not gives any formal advertisement in the newspaper or magazines .The final selection is based on the personal interview and the past experiences. Most of times, the recruitment of worker is done through the advertisement on company – gate. The employees are hired as and when the need arises.
Selection is the second step in the process of procurement of people. It is the process of choosing the individuals who possess the individuals who possess the necessary skill, abilities and personality to successfully fill specifies jobs in the works it is a problem of matching a man to the job.
Selection procedure is different to different organization. But samrat namkeen ltd. Do not have any specific selection procedure with in the selection procedure of company includes (1) Collection of application (2) Interview Company collects the application & calls all the people for interview & if the higher authority feels that a person have those skills & ability to do the work & helpful in achieving the organization objective. Then they hire the person.
TRAINING & DEVELOPMENT
Training is the act of increasing the knowledge and skills of an employee for doing a particular job. The main objectives of training are new workers to reach required standards of performance as possible; to reduce wastage of time or cost; to introduce correct methods and innovation: to maintain avidities that prepare for future jobs or positions development represents all those activities of teaching skills, knowledge or attitude that increase employee‟s potential and capable for future job. Samrat Namkeen Pvt Ltd has provided technical training to the new Workers to introduction jobs. It referees to instruction in technical and mechanical operation like operation of various machines.
PROMOTION & TRANSFER
“ Promotion” is term which covers a change and needs higher responsibilities. It normally also means increased pay and better terms and condition of services, resulting into, a higher status of rank. Most organization promote their employees either on the basis of their seniority or on the basis of their merits. In GokulRefoils and Solvent Ltd., while giving promotion to the employees, they do not consider seniority basis but consider merit basis means the company involves the performance review of the employee for promotion procedure.
“Transfer refers to the change of job within an organization to the same position in another department for the following purpose :-
To satisfy the needs of the organization To utilize properly service of an employee To fill up existing vacancy. To increase versatility of an employee To meet an employee own interest
Samrat namkeen Ltd., gives transfer rarely to the workers.
Personnel policies are the statement of organization overall personal matters. Commencing from their selection to their discharge from work they help the management in dealing with the „man‟ of organization but Samrat Namkeen have not formulate any type of personal policies.
The major force for the success of any corporate is possible through good marketing system. Marketing is total system of interrupting business activites designed to plan, promote and distribut want satisfying products & services to present &potentialcustomers. It is known that ability to sale at a profit is real test marketing management are panning, directing, & Controlling of entire marketing activities. Samrat namkeen ltd. is following up the mordern marketing system for its all products separately. Samrat namkeen ltd. has emigrated, as are of the top public sector manufactur export in allindia
Normally the company is arranging to export its product through export its product through the export house & solvent extraction association.
CHANNEL OF DISTRIBUSTION
Carrying Forwarding Department
Sales promotion is a key ingredient in marketing companies. Sales promotion consists of a divers collection of incentive tools, mostly shorter, designed to simulate quicker or grater purchase of particular product of services by consumers of the trade.
Sales promotion tools are used by most organization including manufactures, distributors, retailer aim to attract tries to increase the repurchase rates of occasional users.
Sales promotion include tools for consumer promotion such as samples coupons, cash refund offers, price off, premium, prize, free trials warrant etc.
Samrat namkeen ltd. has given following tools for the sales and promotion, discount coupons, prizes & contents, window display & sponsoring samples, product warranties.
“Advertising is any paid form of none personnel communication to promote ideas, goods or services by an identified sponsor.”
The main purpose of advertising is to give information to the customers about the availability of new products in the market. In short advertising is paid form of publicity. GokulRefoils& Solvent Ltd.cangive advertising by channel, video, Film, wallpainting, radio, T.V., News paper, etc.
Marketing research is the systematic design, collection, analysis and reporting of data and finding relevant to a specific marketing situation facing the firm. Marketing research is essential tool to find out the problem regarding marketing of the products. Wherever the sales of the products decreasing, the marketing manager of Samrat Namkeen conducts marketing research. He collects data form their distributors and whole sellers regarding the marketing situation then he finding the causes and will try to solve it. Samrat Namkeen ltd also conducts market research for finding out new taste in market & for new product planning. And to know the changing environment in the snack food market.
Price is the element of the marketing department for selling a different type of product to the customer. Price affects the behavior of consumer for the buying their product. It is the most easily marketing mix element to adjust product features channels and even promotion.
Now days every namkeen producers provide same quality of various product tastes & freshness.but we concentrate on there price to maximize the selling. In samrat namkeen ltd. Prices are oftenest by the bass (owner) the handles all the prices strategy of every product. He always tries to reduce the product.
Samratnamkeen .has following main competitors Which are as under;
SALES OF LAST THREE YEARS
YEAR 2005-06 2006-07 2007-08
SALES (RS.) 3,19,47,574 5,13,31,097 6,69,79,224
100000000 50000000 0 2005-06 2006-07 year 2007-08 SALES
Financial management is concern mainly with such a matter as how business co- operation raises its finance and how it makes use of it.
In the modern business the finance is the blood of the business economy. One can not image business activity. The finance function is equally important for profit or non- profit organization. Therefore the financial management has been assigned the short term and long term financial needs of the firm.
So far as Samrat Namkeen ltd. is concerned, it is a big unit in contest of products. During the existence it has not faced any problem of finance.
FINANCE MANAGER (MANGING PARTNER)
ASSISTANT FINANCE MANAGER
CAPITAL OF LAST THREE YEAR
2005-2006 2006-2007 2007-2008
CAPITAL IN LACKS
20,00,000 40,00,000 50,00,000
100000000 50000000 0 2005-06 2006-07 2007-08 CAPITAL
SALESOF LAST THREE YEAR
YEAR 2005-06 2006-07 2007-08
SALES (RS.) 3,19,47,574 5,13,31,097 6,69,79,224
100000000 50000000 0 2005-06 2006-07 year 2007-08 SALES
RESERVE OF LAST THREE YEARS
2005-06 2006-07 2007-08
RESERVE IN CRORE (Rs.)
5,47,221 6,16,120 13,84,721
RESERVE 1500000 1000000 500000 0 200506 200607 200708 RESERVE
PROFIT OF LAST THREE YEARS
2004-05 2005-06 2006-07
PROFIT IN LACKS(Rs.)
-92,286 68,899 7,68,661
800000 600000 400000 200000 0 -200000 2004-05 2005-06 2006-07
(1) CURRENT RATIO = CUREENT ASSETS / CUREENT LIABILITY
FOR 2005-06 = 23563728 / 18431456 =1.28:1 FOR 2006-07 = 31971844 / 19641742 = 1.63:1 FOR 2007-08 = 33241621 / 18762524 = 1.77:1
Current ratio indicates the working capital position. There has been considerable deterioration in current ratio. Current ratio is calculated to see short-term financial position of company. As per above calculation liquid position of company is
better in year by year. Because in 2006 company having current assets of 1.28 and 2007 of 1.63 and in 2008 of 1.77 to pay liability of 1.
(2) PROPRIETARY RATI = PROPRIETARY FUND/TOTAL ASSETS * 100
FOR 2005-06 = 2547221 / 24835395 *100 = 10.26% FOR 2006-07 = 4616120 / 35222117 * 100 = 13.11% FOR 2007-08 = 6384781 / 36369490 * 100 = 17.56%
This ratio indicates the amount of capital contributed by the proprietors. The higher the ratio stronger the financial position of company. The ratio during 2006 is
10.26% which has gone up in 2007 with 13.11% and during 2008 it is gone up to 17.56% so company financial position is in growth.
(3) LIQUID RATIO = LIQUID ASSETS / LIQUID LIABILITY
Where, Liquid assets = current assets – stock Liquid liability = current liability – bank overdraft
FOR 2005-06 = 23563728 – 10846357 / 18431456 – 0 = 12717371 / 18431456 = 0.69:1 FOR 2006-07 = 31971844 – 19793781 / 19641742 = 12178063 / 19641742 = 0.62:1
The liquid ratio is a better indication of liquid position of the company and shows whether the company will be able to meet its current obligation due for immediate payment at a short notice. It is believed that liquid assets should at least cover the liquid liability i.e. the ratio should be 1:1 the ratio for this company during 2006 in 0.69:1 and during 2007 in 0.62:1 during 2008 in 0.68:1 which is unsatisfactory of the company.
(4) ACID TEST RATIO = QUICK ASSETS / LIQUID LIABILITY
Where, Quick Assets = Cash + Bank
FOR 2005-06 = 319892 / 18431456 = 0.017:1 FOR 2006-07 = 171939 / 19641742 = 0.008:1
FOR 2007-08 = 415467 / 18762524 = 0.02:1
Acid test ratio is useful to measure absolute liquidity 0.5:1 is a very exacting standard of liquidity. Above calculated ratio of last three year indicates a danger signal. It suggests that immediate steps should be taken to increase quick assets.
(5) TOTAL ASSETS TURNOVER RATIO = SALES / TOTAL ASSETS
FOR 2005-06 = 31947574 / 24835395 = 1.29 FOR 2006-07 = 51331097 / 35222117 = 1.46 FOR 2007-08 = 66979224 / 36369490 = 1.04
CONCLUSION: This ratio is important to know the over all efficiency of the business during 2006 the ratio was 1.29 has been gone up during 2007 1.46 and at last year 2008 it is down to 1.04 so it shows that the amount of instrument in total assets are down of the company.
(6) FIXED ASSETS TURNOVER RATIO = SALES / FIXED ASSETS
FOR 2005-06 = 31947574 / 1243567 = 25.69 FOR 2006-07 = 51331097 / 3222173 = 15.94
FOR 2007-08 = 66979224 / 3099769 = 21.61
This ratio is important to know the over all efficiency of the business. The above three-year ratio indicated that the ratio is very high means the fixed assets are being used effectively.
In the management course not only theoretical knowledge is important but also practical knowledge is required.
In current year, I conduct the industrial training in Samrat Namkeen ltd. and get the knowledge about practical knowledge as well as theoretical knowledge. During making the project report I also get the actual work about the company and learnt many function of the organization.
I REFERRED FOLLOWING BOOKS PREPARING MY PROJECT REPORT. 1) KOTLER, PHILIP, MARKETING MANAGEMENT, NEW DELHI, PRENTICE-HALL OF INDIA PVT. LTD, 1997. 2) L. M. PRASAD, PRINCIPAL & PRACTICE OF MANAGEMENT, NEW DELHI, SULTAN CHAND & SONS, SIXTH EDITION 2001. 3) S. V. GANKER, C. B. MAMIRIA,PERSONNEL MANAGEMENT, NEW DELHI, TATA MCGRAW-HILL PUBLISHING LTD, SECOND EDITION 2000. 4) KHAN & I. M. PANDEY, JAMES C. VAN HORNE, FINANCE MANAGEMENT, NEW DELHI, TATA MCGRAW-HILL PUBLISHING LTD, SECOND EDITION 2005. 5) KHANNA, THE FUTURE MANAGER, NEW DELHI, TATA MCGRAW-HILL PUBLISHING LTD. FIRST EDITION 2004. 6) R.NARAYANASWAMY, FINANCIAL ACCOUNTING, NEW DELHI, PRENTICE-HALL INDIA, FIFTH EDITION 2005.
P ROFIT & LOSS ACCOUNT – 2006 BALANCESHEET – 2006 P ROFIT & LOSS ACCOUNT – 2007 BALANCESHEET – 2007 P ROFIT & LOSS ACCOUNT – 2008 BALANCESHEET – 2008
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON31STMARCH, 2008 SR.NO. 1. PARTICULAR
INCOME SALES DOMESTIC SALES SALES OF GOODS TRADED TOTAL JOB WORK INCOME OTHER INCOME
2007-2008 2006- 2007 2005-2006
59987444 6991780 6697224 229273 453206 67661703 ------------
48250627 3080470 51331097 189547 519937 52040581 ------------
26904600 5042974 31947574 319569 273644 32540787 ------------
EXPENSES RAW MATERIAL CONSUMED INCREASE / (DECREASE) IN STOCK PURCHASE OF GOODS TRADED PAYMENTOF EMPLOYEES OTHER MANUFACTURING EXPENSES ADMINISTRATIVE EXPENSES
50094824 117246 3984553 3150477 3481791 2720216
36412638 4266774 1014109 2032238 2572308 3197722
26684885 3264000 1898495 1786093 1991123 233559
SELLING AND OTHER EXPENSES FINANCIAL CHARGES DEPRECIATION
1089261 1270460 605324 66514152 ------------
805899 673651 424354 51399693 ----------640888 428859 86916 56214 68899 147221 216120 0 216120
215441 346717 -3921814 32498499 ----------4288 80000 54574 0 -92286 239507 147221 0 147221
PROFIT BEFORE TAX FOR THE YEAR LESS: CURRENT TAX : DEFERRED TAX : FRINGE BENEFIT TAX PROFIT FOR THE YEAR AFTER TAX BALANCE BROUGHT FORWARD
1147550 - 392378 65324 - 51835 768661 216120 984781 600000 384781
TOTAL LESS : TRANSFER TO GENERAL RESERVE BALANCE CARRIED TO BALANCE SHEET
BALANCE SHEET OF THE ENDED YEAR 31STMARCH, 2008
SCHEDULE PARTICULAR 31.03.2008 31.03.2007 31.032006
SHARE CAPITAL AUTHORISED CAPITAL
4000000 ---------4000000 ----------616120 --------10247187 ----------0 -231995 --------28100 --------
2000000 ---------2000000 ---------547221 --------3631641 --------0 --145079 -------28100 -------
RESERVE & SURPLUS
DEFFERD TAX LIABILITY
166671 --------28100 ---------
CURRENT ASSETS, LOAN AND ADVANCE INVENTORIES
19793781 ----------9284244 ----------
10846357 ----------8893771 ----------
CASH & BANK
171939 -------2721879 ----------
319892 --------3503708 ----------
LOAN & ADVANCE
CURRENT LIABILITY AND PROVISIONS CURRENT LIABILITY
19641742 ----------485073 ----------519937 ----------
18431456 ----------80000 -------273644 ---------
RAW MATERIAL RAW MATERIAL CONSUMED
50094824 -----------810104 --------3150477 ---------3481791 ----------
36412638 ----------930568 ---------2032238 ---------2572308 ----------
26684885 ----------721008 ---------1898495 ----------1786093 -----------
TRANSFER TO RAW MATERIAL CONSUMPTION
PAYMENT AND PROVISION FOR EMPLOYEES
2720216 ----------1089261 -----------
3197722 ---------805899 ----------
2999123 ---------233559 ----------
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.