Objective The objective of this project Basic Accounting & Financial Activities is to understand the importance of finance and

basic accounting in any firm. Here the all effort is to know and observe the functioning of finance and basic accounting in the company and its effect on the performance of the firm. As we know that Finance is one of the four main pillars of any firm and is very vital for the successful functioning of all operations of the company. The finance department deals with all the monetary functions, capital budgeting & planning and basic accounting in the company. Here the whole purpose is to understand and to see the application of basic accounting concepts and principles into the practical and real conditions within the company. How employees perform their designated duties and how the actual work goes on, what are the tasks that go on during a regular day within the company etc.

INTRODUCTION TO FAMILY

WADWA FAMILY

MR. TILAK WADWA AND MRS JANKI WADWA

MR. MOHINDER WADWA AND MRS. KAILASH WADWA

MR.SURINDER WADWA AND MRS. PUMMY WADWA

MR. BHARAT BHUSHAN WADWA AND MRS. POOJA WADWA

POOJA

SAMEER

SONIA

SAGAR

SINDHU

SURAJ

SUNNY

Figure 1 FAMILY TREE

SHARE HOLDERS IN COMPANY Table 1 LIST OF SHARAHOLDERS AS ON 28/5/12 1 2 3 4 5 6 7 8 9 10 11 12 Mr M K WADWA Mrs .PUMMY WADWA Mr TILAK WADWA Mr BHARAT BHUSHAN Mr S. K WADWA Mrs POOJA WADWA Mrs KAILASH WADWA Mr SAGAR WADWA Miss POOJA WADWA Miss SONIA WADWA Mr SURAJ WADWA SUNNY COSTS FOREIGN LTD 17.80% 18.62% 18.45% 16.47% 5.93% 1.65% 2.47% 3.13% 1.65% 3.95% 2.14% 8.24% 100%

COMPANYs INTRODUCTION

Sagar lspat lndia Pvt Ltd , a Delhi based manufacturing entity of round Tin can & Containers ranging from 200 grams up to 15kgs.Grown over the last 7 years.They have set up of 3 units in Kundli (Haryana), Ludhiana (Punjab), Gwalior (Madhya Pradesh) covering the northern belt in total. Now they have set up a new unit in Baddi (Himachal Pradesh), a state of art facility spread over 1 acre, equipped with latest technology, machines and in-house imported printing machine to cater the needs of pharmaceutical sector, paint, edible oils and other utilities etc. Year of Establishment Owner: Legal Status of Firm :2001 :Mr Surinder Wadwa : Private Limited Company : Manufacturer, Trader

Nature of Business

Number of Employees : more than 500 People Turnover : Rs. 10 - 25 Crore/yr.

The companies is totally based on ecofriendly environment as the company main slogan is SAY NO TO PLASTIC the company makes the tin containers which is a recycler and ecofriendly product, it is the beneficial product for the society because it is less polluted. Nowadays our government is focusing and promoting the ecofriendly items as we all know that the plastics bags are banned in HIMCHAL PRADESH, jute bags and cloths bags are in use; this company is also making a substitute of plastic containers.

Mission The Companys mission is to achieve their objective in a culture of fairness and courtesy to their clients, employees, vendors, suppliers and the society. Vision The Company is driven by a vision to achieve significant business and strong presence in the markets.

INFRASTRUCTURE

Spread over 48000 sq. a state of art facility at a prime location in baddi, i.e. morepen road, the unit is equipped with all basic amenities making it dust free manufacturing advisable as per food grade norms to cater to pharma and edible oils. The unit has been set in a tax free zone and is completely excise free passing benefits to our end customers by catering them at competitive prices. With their own transportation network with a fleet of 6 HMU insure a time saving and economical delivery on for basis to sure best services to the vendor. They have all their machines from the best manufacturers from Mumbai and others who specialize in their own products. They are equipped with an in-house Japanese printing to deliver excellent quality jobs. A team of tools and development is employed to meet the latest trends and innovations.

COMPANY AND ITS PRODUCT LINE

Main Products The Company Deals With: Round tin containers

Round tin containers are made for the companies like Pidilite, Nova, Berger, Cadbury, Modern Dairy and also for pharmaceuticals protein powder etc. Round Tin Cans & Containers ranging from 200 grams up to 15kgs, they made tin containers in up to 5kgs in Baddi and 15 kgs in Kundli. They deliver their product by their own vehicle so that the client would not face any trouble regarding the product delivery. Components and printed tin sheets

The term "tin" comes from the fact that these cans have a micro-thin coating of tin inside, to protect the flavor and prevent the can from corroding. In Gwalior (Madhya Pradesh) they manufacture the tin plates and the components. They also import raw material for making tin cans from there. They sell their tin plates to various other companies who deal with tin cans. They also procured sheets from TATA (tinplate corporation of lndia ltd) also imported prime material from UK, USA and Dubai etc.

Figure 2 IMAGES OF THE PRODUCT WHICH IS MADE IN COMPANY

STANDARD SIZE AND SHAPES CANS AND TRADE COMPONENTS NAME DIA X HEIGHT (in MM) General Line Built-Up Cans Available in the mention diameters:- For Baby Food, Protein Powder, Coffee, Ghee etc Pesticide Cans 100 ml. 250 ml. 500 ml. 1 Ltr. 65 73 99 83 105 127 153 174 52 x74 74 x80 83 x 114 105 x 133 83 x 108 105 x 132 178 x 197 83 x 108 105 x 132 178 x 197 211 300 401 307 404 502 603 700 202 x 215 301 x 302 307 x 408 404 x 504 DIA X HEIGHT (in MM)

Paint Cans

1/2 Ltr. 1 Ltr. 4 Ltr.

307 x 404 404 x 503 700 x712

1. Ring-lid - tagger assembly Available 30'1,in size 307 , 401, 404, 502 2. DT type for paints and adhesives available 2 ways in size 1 ltr, 4 ltr

3. Easy open end for OTS and baby food in size available 201 - 52 mm, 2'11 - 63mm, 301 - 74mm, 307 - 84mm, 401 - 99mm

4. 15 Kgs Tin Containers they have been in manufacturing of square 15 kg tins from the past 11 years and have three running units in Kundli (Haryana), Ludhiana (Punjab) and Gwalior (M.P.) it is used specifically for edible oils like Vanaspati,Desi Ghee and Mustard. Major client included Kwality diary lndia ltd, Nova, Paras, and many more. It is offered in two variants, one in screen printing and second in 4 colour offset printing with food lacquer duly done.

PRITINTING PROCESS In a company there are huge machines which are used for the printing tin plates. The blue print send by the client in that they have already decide the colour, font, design of the tin container.
Figure 3 TIN SHEETS ARE SENTS FOR COLOURING

Figure 4 TIN SHEETS ARE SENT IN FURNANCE TO MAKE THE COLOUR PERMANENT

10

Delivery System: They have their own transportation network with a fleet of 6 HMU they insure a time saving and economical delivery on for basis to sure best services to the vendor. They have trucks with all INDIA permit, so that the product will reach to the client in given period of time without any delay. Their main motto is to provide better service and full satisfaction to their clients so that they would able get more orders from clients.

GOVERNMENT POLICIES:

a) BBN:- BBN Industries Association came into being some times in the year 1995 when some of the industries got together and formed Industries Association for the Baddi, Barotiwala and Nalagarh areas of Solan District under the chairmanship of Sh. Sachit Jain Executive Director of Vardhman Group of Industries at Baddi. It was in August 2003 that this Association was registered as a Society under the Society registration Act 1860. The main aims and objects of the Association are:1. The Association is formed for the development of industries of Baddi, Barotiwala and Nalagarh industrial areas and to take up the issues of mutual interest of the industries with various authorities. 2. Sharing knowledge on technical and related areas. 3. To take up welfare and development measures for the general development of the areas of Baddi, Barotiwala, and Nalagarh or any other place in whole of the Himachal Pradesh as decided by the Executive Committee of the Association.

11

This Association which started its journey with only a few members at the initial stage has become one of the largest local Industries Associations of Northern India and has achieved a membership base of more than 550 members. This Association has may a prestigious projects like Common Effluent Treatment Plant (CETP), Skill Development Centre, Working Mens Hostel, Shivalik Solid Waste Management a TSDF. The proposal for Mini-Tool-Room is in the pipeline b) Special economic zone: - As the government has declared the baddi as a SEZ area of HIMACHAL PRADESH there is a lots of subsidy schemes launched by the government to promote the industrial area for this they made The Special Economic Act, 2005 (SEZ, 2005). The Special Economic Zones Act, 2005 was passed on the 23rd June, 2005, in an attempt to give a framework to the implementation of SEZs in India. It includes several regulatory and investment fostering mechanisms. The objectives of the government is be to generate additional economic activity, promote exports of goods and services, create employment opportunities, and develop infrastructure, all while maintaining the sovereignty and integrity of India ii. Tax Exemptions, Finance and Banking The Act specifies all those taxes and duties that the developers would be exempted from in the SEZs. There is exemption from Custom Tariff Act, 1975, Central Excise Act, 1944, Central Excise Tariff Act, 1985 and other similar laws 100 percent Income Tax exemption on export income for the first 5 years, and 30 percent for the next 5 years is offered. The Act also specifies the financial governance structure of the SEZ. Bank branches in SEZs can be set up after the approval of the Reserve Bank of India (RBI), which is Indias central bank.

12

iii. Law Enforcement The Development Commissioner would have the cases investigated, and the cases would be heard at the court appointed by the State Government and the Chief Justice of the state High Court. It also states that in case there is any inconsistency of this law with other laws, than this Act would have an overriding effect over others.

BENEFITS OF SEZ The Baddi-Nalagarh-Barotiwala belt was designated a SEZ and several financial and tax incentives were announced to encourage development in that area. Tax Benefit:

i.

ii.

Exemption from payment of excise duty on all products manufactured at new units set up here and also the Local VAT, C.S.T @ 1 percent. 100 per cent exemption from payment of income tax for the first 5 years and 30 per cent exemption for the subsequent 5 years. Other benefits:

i.

ii. iii.

Capital investment subsidy of 15 per cent on plant and machinery subject to a ceiling of INR 3 million. Adequate allotment of cheap land and faster clearances from all government departments. Creation of the necessary basic infrastructure.

Labor Welfare: i. Award for the achievement: In SAGAR ISPAT there will be an award function every end of the month. The company gives award to the efficient & smart worker. In the month of May Mr. Nutun get the award.
13

ii.

Medical Facility: If any wrong will occur in the company there is a medical care facility for the workers. A proper first-aid box has been maintained for such incidents. Lodging and food Facility: There are proper housing facilities which are provided to the workers near the company, also the proper diet given to the workers in a neat and clean canteen. Provident Fund Facility and Insurance Scheme: There is also the facility if provident fund which every worker has to deduct from their salary every month. It is the facility which the government had introduced in the private sector. The rate of interest on EPF has been declared by the ministry i.e. @ 9.5% for the year 2010-2011 Environmental Effect: They made an eco-friendly product as we all know how much plastic is dangerous for our society. So they made the product which causes less pollution in environment. They made park near the main gate so that the labor can sit there in their free time and get relaxed. A lot of plantation is done in the surrounding of the factory so that the air should maintain its freshness. The company also take care of the cleanliness around the company for that they make a proper pipelines and pits for taking out the waste of the factory. There is a lots of scrap material which remains after making the finished goods, they send them to the market for selling; there is no wastage of material and money in SAGAR ISPAT.

iii.

iv.

Marketing Strategies: As we know that in running any company and to maintain high sales volume we need strong marketing strategies. To sustain the market share and to be ahead of the competitors, effective and
14

efficient marketing strategies are required. Here this company Sagar Ispat Pvt Ltd does opt for few very effective marketing strategies: i. They deal in manufacturing of Tin cans and containers rather than of plastic. Here the whole idea is to be a single player as in plastic manufacturing of cans and containers there are numerous players in the market as compare to former one. Hence they face less competition and big market to capture. As in many states like Himachal Pradesh there is ban on the use of plastic and soon the government is deciding about the complete ban which means that the any consumable product must not be in plastic packing, hence the manufacturers will shift towards the tin packing, which ultimately will benefit the companies like Sagar Ispat. This company has its strong presence and operation in north India and for that it has established four manufacturing units and all are in north India, so the intention is very clear and the objective here is to capture all market in north India. They provide their product at fewer prices than the other companies selling plastic containers, so that the clients go with the tin containers. The company uses its own transportation system to deliver the manufactured items. Which further lead to client satisfaction through timely delivery and cost cutting for the clients, which results in maximizing the sales volume?

ii.

iii.

iv.

v.

Competitors: As the companies is making tin containers as well as the tin plates the main competitors are the one who are doing the same business but they also have to look up the one who are not making the tin containers but they are making
15

the plastic containers e.g. the PIDILITE INDUSTRIES LTD. Earlier they were using plastic cans for their products but nowadays they move towards tin cans for the same product.

Figure 8 Earlier containers used by PIDILITE INDUSTRIES

Figure 9 Now the plastic containers change into tins containers

Some competitors companies are: Delhi Tin Met Ltd. Diwansh Argro Plastic Company Sunrise Tech. R.J Polymers Tin Box Company Metal Can Company These all companies are in the same business line they all make the containers for the different multinational companies.

16

Future Aspirations In coming time, the main focus of the company is to improve the technical portion of the company and to also make a competitive advantage among the competitors, as we know that today the clients only prefer technical strong and updated party so the company is planning to strengthen its technical wing. The company soon will make its manufacturing process totally automated to reduce the manly errors and wastage but to increase the efficiency, accuracy, speed, quality of manufacturing. For this company will buy new and latest machinery. They are soon deploying a fully automatic body making machine which produces cans and containers at a speed of 200 per minute, to cater to the masses. Their future expansion involves addition of new Japanese printing units and automatic body making machine for higher production and better quality.

Major Problems: There are some major problems they have to deal in their daily life being settled in industrial area: i. Time Management: In SAGAR ISPAT there was a problem regarding management of time or can say no work has done at right time. The main reason behind it is the shortage of staff, which is the company is facing. There is less number of accounting staff in SAGAR ISPAT Loss due to labor carelessness towards making finished goods: Lots of time there was rejection in lot of finished goods which occurs loss to the company and it directly effects the budget of the company Financial Problem:
17

ii.

iii.

Lack of funds is also facing by the company because of this they are unable to buy automatic machine for their company they still are using the semi-automatic machine but most of the small scale industries are now using the advance machinery iv. Transportation Problems: There is shortage not shortage but no means of transportation in their locality, if any worker wants to their prior then the regular time he\she has to go by walk. There is no government bus in morepen road. Some big companies have provided their own buses for the staff but the bus only go when the working hours of the workers being complete. Because of this reason the workers are not interested in doing job in that area they only want to work where the main road is near. If any part of the machine has to buy from the market the company has to send the person with their own vehicle. If someone wants to visit the company they should have their own vehicle, a vehicle can be affordable for an officer based employee but what about a labor they have to walk 2 km in the morning to come to their work and 2km in the evening to going back to their home. v. Technical Staff: Also there is shortage of the technical staff in SAGAR ISPAT. This problem directly affects the production of the finished product. If any part of the machine has not working properly then the company has to call the technical person from outside to solve the problem. vi. Delivery Problem: The company has to face proper delivery of raw material like carton; tin plates etc. there is always delay in delivery of raw material which directly affects the further delivery of finished goods to the client. It may affects to their goodwill while giving orders in future the client will think about the delivery of previous order, further it affects the growth and profit of the company.

18

Topic: Basic Accounting & Financial Activities

a. Ratio Analysis It is a Ratios Analysis of the company year 2012-2013. Ratio analysis expresses the relation between two financial variables taken from financial statement of an accounting period in the form of ratio. It is a technique of analyzing the financial statement. Ratio Analysis for the year ending 31-March2013 Principal Groups Working Capital (C.AC.L) Cash in hand

Amount 2,18,22,764.88Dr

Principal Ratio Current Ratio(C.A-C.L) Quick Ratio(C.AStock in hand :C.L) Debt/Equity Ratio(loans: Capital a/c + Net Profit) Gross Profit% Net Profit% Operating Cost%(as percentage of sales ) Recv. Turnover in days(payment performance of Debtors) Return on Investment%(Net Profit/ Capital A/c + Net Profit)
19

Amount 6.72:1

4,13,760.05 Dr

4.05:1

Bank A/c Bank OD A/c Sundry Debtors (due till 31/3/13)

Nil Nil 1,48,14,555.99 Dr

0.05:1 16.69% 6.30%

67,28,737.22 Dr

93.70%

Sundry Creditors

33,96,550.73 Cr

53.51 days

(due till 31/3/13)

46,97,317.73 Cr

100.00%

Sales A/c

Purchase A/c Stock in hand Net Profit Working Capital Turnover(Sales 6.07 A/c /Working Capital) Inventory Turnover(Sales 12.99 A/c /Closing Stock)

Return on Working 13,25,13,318.30Dr Capital%(Net Profit/ working Capital)% 10,38,07,555.19Dr 1,02,04,695.86 Dr 83,54,651.83 Cr

38.28%

b. Profit & Loss A/c for the year ending 31-Mar-2013

Particula rs Packagin g Material A/c Raw Materials A/c Opening Stock Total Amt. Partic ulars Centr al Sale @ 1% Local Sale @ 5% 23,90,9 76.51 Sales A/c Sales Bills to make Total Amt.

Amount

Amount

1,11,676.94

6,63,72,385 .25 6,61,40,933 .05 13,25,1 3,318.3 0

2,79,299.57

Purchase Central Purchase VAT-5%

7,96,12,233. 19 2,41,95,322. 00

Purchase A/c Purchase Bills to Come

10,38,0 7,555.1 9

Packa ging mater ial a/c Raw mater ial a/c

91,313.33 1,01,13,382 1,02,04 .53 ,695.86 20

Closin g Stock Consuma ble exp. a/c Copper wire polishing charges Cutting charges EPF ESI Freight inward Job work printing charges LID emboss charges Loading & unloadin g a/c LPG gas Charges a/c Offset printing press ink Packagin g material a/c Power & electricit y charges Printing & Designing Tools a/c. Wages a/c Direct Expenses

1,65,010.25

3,51,745.00 9,543.00 61,441.00 8,233.00 5,07,908.68

58,335.00

(-)18,900.00

46,570.00

34,81,973.91

61,06,769.32

43120.00

13,43,771.00

2,61,106.12 2,86,806.00 16,17,066.00 1,44,04 ,498.28

Gross

2,21,14 21

Profit c/o

,984.18 14,27,1 8,014.1 6 14,27,1 8,014.1 6

Advertisi ng Expense Associati on Fees Bank Interest

150000.00 Gross Profit B/F 2,21,14 ,984.18

4000.00 55,69,714.99

Cartage Compute r Repair & Maintena nce Conveya nce Expenses Depreciat ion Diseal & Petrol Director Remuner ation Diwali Expenses Electrical Repair & Maintena nce Food & Refreshm ent Expenses Freight & Cartage Outward General Expenses Insurance Charges

(-)756.00

Indire ct Incom es

37196.00

31376.00 18,75,646.00 9,96,400.00

7,20,000.00 31440.00

60344.00

5,88,632.00

14,32,349.00 70475.00 35,121.00 22

Interest on Vehicle Loan Legal & Professio nal Fees Medical Expenses Newspap ers & Periodica ls Postage & Couriers Printing & Stationar y Rebate & Discount Rents,Rat es % Taxes Repair & Maintena nce Salary Security Guard Expenses Short & Excess Staff & Labour Welfare Expenses Telephon e& Mobile Expenses Toll Tax Travelling Expenses Vehicle Running & Maintena nce

72,226.00

34,582.00

41,035.00

5,776.00

24,444.00

32,829.00 79,445.36

2,78,684.00

7,64,594.00 3,92,260.00

3,03,948.00 3589.00

22,680.00

62,460.20 3896.00 34,844.00

1,30,101.00 23

Indirect Expenses Net Profit

1,37,60 ,332.35 83,54,6 51.83 2,21,14 ,984.18 TOTA L 2,21,14 ,984.18

TOTAL

c. Balance sheet for the year ending 31March, 2013

Amou nt Amou nt 69,00, 653.0 0 1,01,4 46.00 7,59,1 34.00 29,47 1.00 3,66,7 85.00 1,38,4 35.00 10,59 8.00 2,681. 00 41,43, 520.0 0 17,21 9.00 22,79 9.00 33,99 9.00 24

Liabilities

Total

Assets

Total

Capital A/c

Building Camera Commercial Vehicles 4,4,28 9.00 Computer Copper Wire Electric Fitting Exhaust Fan Furniture & Fixtures Himachal Land 38,13, 147.0 2 Mobile Phones Motor Cycle A/c Office Equipment

Secured Loans Loans (Liability)

4,4,28 9.00

Duties & Taxes Sundry creditors Expenses Payable TDS on Contract Current Liabilities

13,65, 451.29 33,96, 550.73 ()9,45,7 44.00 ()3,11.0 0

Sagar Ispat India Pvt. Ltd. (Delhi)

76,68, 687.01

Sagar Ispat India Pvt. Ltd.(Gwalior) Sagar Ispat India Pvt. Ltd.(Ludhiana) Branch/Divisio ns

52,10, 285.00 1,36,3 1,032. 00 2,65,1 0,004. 01

Plants & Machinery A/c(Baddi)

56,38, 026.0 0 1,66,5 77.00 5,732. 00 3 3,236. 00 1,83,7 0,311. 00

Plastic Crates Washing Machine

Water Cooler Opening Balance Current Period 48,87, 131.04 83,54, 651.83 1,32,4 1,782. 87

Fixed Assets

Profit & Loss

Closing Stock Deposits(Asse t) Sundry Debtors Cash in hand Current Assets

1,02,0 4,695. 86 2,02,9 00.00 1,48,1 4,555. 99 4,13,7 60.05 2,56,3 5,911. 90 4,40,0 6,222. 90

Total

4,40,0 6,222. 90

Total

25

d. Making Bills in tally

Tally is software using for making bills. It helps in maintaining the records of the company. We can make profit & loss a/c, Balance sheet etc.

Bills in tally i. Sale Bill:

26

ii.

Purchase Bill:

27

iii.

Payment Bill:

28

iv.

Receipt Bill:

29

Conclusions SAGAR ISPAT PVT. LTD. is the company that deals with tin containers and tin plates. Its a basically an environment friendly company comes under the BBN which is basically an Industries Association which form in 1995 For the BADDI, BAROTIWALA and NALAGARH areas of district SOLAN under the chairmanship of SH. SACHIT JAIN (EXEUTIVE DIRECTOR of VARDHMAN GROUP of INDUSTRIES at BADDI).On August 2003 this Association was registered as a Society under the Society registration Act 1860. SAGAR ISPAT is a large group of small scale industries. It is started by the head of the family MR. TILAK WADWA, he is retired teacher. SAGAR ISPAT is having a 3 units other than Baddi which are in Kundli (Haryana), Ludhiana (Punjab), Gwalior (Madhya Pradesh) covering the northern belt in total. All the family members are in the their family business, SAGAR ISPAT is handle by Mr. Surinder Wadwa at Baddi and Mrs. Pummy Wadwa & Mr. Sagar Wadwa at Delhi. As the their family business is so wide all the accounts are handle in Delhi in the guidance of Mrs. Pummy Wadwa and Mrs. Pooja Wadwa wife of Mr. Bharat Bhushan Wadwa.

30

Suggestions and Recommendations Nothing is perfect in this universe. Either everybody taking an advice or giving a piece of advice. In SAGAR ISPAT there are a lot of things which needs a change. These are generally: i. Formation of capital budget every starting of the financial year. Management of the working capital. Maintain a proper record of the day to day transactions of the company. Appoint a cashier to maintain the cash transaction on daily basis. Proper investment policies to be made. So that there should be proper flow of money (cash inflow & outflow) in the company. There should be proper transport for the workers working in the company. So that they could easily come to their work and can go home timely. An attendance machine should be there for proper record of the workers attendance it will help in the time of distribution of wages to the workers. Dress, safety gloves & helmets which must be ISI proved should be providing to the workers for their safety. They should appoint a peon for the proper arrangement of files. By this no extra time has to devote by the employees for filing. Oilman should be appointed by the company for oiling the machines. Presently it is done by the worker itself at their working time. If oilman is appointed then he will oil the machine before the workers come to their work.

ii.

iii.

iv.

v.

vi.

vii.

viii.

ix.

31

x.

At the very end of the month there should have a cleanliness program day in that day all the workers has to clean their rooms and surrounding in details and spread insecticides in the rooms and surroundings.

32

Methodology Getting information for this project I have to meet many employees in the company. I collect the basic information i.e. formation of the company, rules and regulation followed by the company, numbers of employees working in the company etc. from the owner of the company Mr Wadwa Information regarding analysis of financial statement of the company I consult Miss Ritu and Mr Abinav that what documents the have to prepare for the auditing of the accounts. For getting the information regarding labour issues and problems I have to talk to them make them familiar with me and ask them to share their problems. There is a file in the company which carries the basic details of the family; their shares in the company, bank accounts etc. with the help of that file I would able to get the information about the ownership in the company. There are different sites on internet from where I get the information about the company and their product line, also about the BBN and SEZ that what they are and when they formed? What is the basic purpose of these associations? And also from the help of my friends we shared the information which we had in our hands

33

Bibliography / References Website:

a. About company, http://sagarispatindia.com/index.php?option=co m_content&view=article&id=22&Itemid=29 (view at 25/ July , time 11 p.m.) b. For product details, http://www.indiamart.com/sagar-ispatpvtltd/products.html#tin- (View at 28/July, time 1:20 p.m.) http://sagarispatindia.com/index.php?option=co m_content&view=article&id=18&Itemid=18 (View at 28/ July, time 1:23 p.m.) c. For infrastructure details http://www.indiamart.com/sagar-ispat-pvtltd/# (View at 28/ July, time 1:26 p.m.) http://sagarispatindia.com/index.php?option=co m_content&view=article&id=27&Itemid=30 (View at 28/ July, time 1:24) d. For baddi Special Economic Zone Information http://www.drupa.de/cipp/md_drupa/custom/pub /content,lang,2/oid,12954/ticket,g_u_e_s_t/~/Th e_Baddi_Special_Economic_Zone_a_review.ht ml (view at 26/ July, time 10:44 p.m.) e. For printing Process images and other images: http://sagarispatindia.com/index.php?option=co m_content&view=article&id=18&Itemid=18 (view at 28/ July, time 1:23 p.m.) Files: a. About family details : Prepared by Mr. Abinav Sethi From Family Detail File b. Profit and Loss, Balance Sheet & ratio Analysis: Prepared by Mr. Abinav Sethi Balance sheets file of Sagar Ispat

34

c. Original shareholder table: Prepared by Mr. Abinav Sethi From Family Detail File d. Tally Bills: Prepared By Miss Ritu on Tally ERP 9 Sale bills, Purchase Bills, Payments Bills and Receipt Bills.

Accounting Reports: Prepared by Mr. Abinav Sethi P& L a/c, Balance sheet And Ratios Analysis From Balance sheets file of Sagar Ispat

Annexures Prepared by Mr. Abinav Sethi a. Original data of the Profit and Loss Account, Balance sheet & ratios Analysis. b. Internet and industry printouts c. Original shareholder table. e. Duplicate Bills of Sale bills, Purchase Bills, Payments Bills and Receipt Bills Prepared By Miss Ritu on Tally ERP 9

35