Professional Documents
Culture Documents
CHAPTER 1
INTRODUCTION
Introduction
The Internship program as part of the curriculum of Bangalore University for MCOM (F&A)
students plays a vital role to bridge the gap between the theories studied and the real business
world. It helps the students to get the real exposure in understanding the functioning of an
organization.
The internship study helps to enrich the practical knowledge of the students on activities of
the organization, its functional departments, organizational structure, strengths, weakness,
opportunities, threats and the business performance in terms of growth and market share.
The present study was carried out at to understand the overall organization.
The study started on a daily basis visit to the organization. Through the method of
observation and informal discussions the information are collected at primary level and the
secondary sources includes both published and unpublished sources. The factual information
was mainly collected from published annual reports of the company.
This study is taken up to fulfill the requirement of MFA degree course of Bangalore
University. The training is undertaken the main purpose of the training is to know the
application of the theoretical aspects in our course in the corporate environment and gain
firsthand experience and expose ourselves to corporate policies, ethics, culture, practices,
procedures, facts about the work culture and policies of the company.
I wish to explore the key factors which make TEAMTRONIX INDIA PVT LTD, the No: 1
in the respective sector.
Functional departments.
Organization Structure
Financial Performance
Human Resource
The scope of the study entitled “Organizational based Study on TEAMTRONIX INDIA
PVT LTD” includes
The organizational structure.
The Interdepartmental communication.
The interconnectedness between different departments.
The working condition in the organization.
The market position of the company.
For the research study conducted on the topic “An Organization Based Study on
TEAMTRONIX INDIA PVT LTD”, I had used the primary and secondary data
collection method.
Primary Data
Primary Data is the data that is obtained by a study specifically designed for specific
research process for the first time and original in character. The method I used here is
Direct Interview Method.
Secondary Data
Secondary Data are those types of data which are collected by some others for some other
purposes and now available for the present study. The following are the secondary data
sources used for the preparation of this report.
Brochures
Websites
Officials records
Annual reports
Organizational manuals
Department manual.
The project work done on the topic “An Organization Based Study on TEAMTRONIX
INDIA PVT LTD” has the following limitations.
Being a busy firm, numbers of staff met were less than desirable.
Time being a limiting factor.
CHAPTER 2
INDUSTRY PROFILE
INDUSTRY PROFILE
refers to those industries which involve in the manufacturing and processing of items and
indulge in either creation of new commodities or in value addition. The manufacturing
industry accounts for a significant share of the industrial sector in developed countries. The
final products can either serve as a finished good for sale to customers or as intermediate
goods used in the production process.
Manufacturing industries came into being with the occurrence of technological and socio-
economic transformations in the Western countries in the 18th-19th century. This was
widely known as industrial revolution. It began in Britain and replaced the labor intensive
textile production with mechanization and use of fuels.
Manufacturing industries are the chief wealth producing sectors of an economy. These
industries use various technologies and methods widely known as manufacturing process
management. Manufacturing industries are broadly categorized into engineering industries,
construction industries, electronics industries, chemical industries, energy industries, textile
industries, food and beverage industries, metalworking industries, plastic industries,
transport and telecommunication industries.
Manufacturing industries are important for an economy as they employ a huge share of the
labor force and produce materials required by sectors of strategic importance such as
national infrastructure and defense. However, not all manufacturing industries are
beneficial to the nation as some of them generate negative externalities with huge social
costs. The cost of letting such industries flourish may even exceed the benefits generated
by them.
All establishments engaged in manufacturing machinery, apparatus, and supplies for the
generation, storage, transmission, transformation, and utilization of electrical energy.
HISTORY OF EVOLUTION
1. BATTERY
Batteries provided the main source of electricity before the development of electric
generators and electrical grids around the end of the 19th century. Successive improvements
in battery technology facilitated major electrical advances, from early scientific studies to the
rise of telegraphs and telephones, eventually leading to portable computers, mobile phones,
electric cars, and many other electrical devices.
Scientists and engineers developed several commercially important types of battery. "Wet
cells" were open containers that held liquid electrolyte and metallic electrodes. When the
electrodes were completely consumed, the wet cell was renewed by replacing the electrodes
and electrolyte. Open containers are unsuitable for mobile or portable use. Wet cells were
used commercially in the telegraph and telephone systems. Early electric cars used semi-
sealed wet cells.
One important classification for batteries is by their life cycle. "Primary" batteries can
produce current as soon as assembled, but once the active elements are consumed, they
cannot be electrically recharged. The development of the lead-acid battery and subsequent
"secondary" or "rechargeable" types allowed energy to be restored to the cell, extending the
life of permanently assembled cells. The introduction of nickel and lithium based batteries in
the latter 20th century made the development of innumerable portable electronic devices
feasible, from powerful flashlights to mobile phones. Very large stationary batteries find
some applications in grid energy storage, helping to stabilize electric power distribution
networks.
2. SOLAR ENERGY
The history of photovoltaic energy (aka. solar cells) started way back in 1876. William
Grylls Adams along with a student of his, Richard Day, discovered that when selenium was
exposed to light, it produced electricity. An electricity expert, Werner von Siemens, stated
that the discovery was “scientifically of the most far-reaching importance”. The selenium
cells were not efficient, but it was proved that light, without heat or moving parts, could be
converted into electricity.
In 1953, Calvin Fuller, Gerald Pearson, and Daryl Chapin, discovered the silicon solar cell.
This cell actually produced enough electricity and was efficient enough to run small
electrical devices. The New York Times stated that this discovery was “the beginning of a
new era, leading eventually to the realization of harnessing the almost limitless energy of
the sun for the uses of civilization.”
The year is 1956, and the first solar cells are available commercially. The cost however is
far from the reach of everyday people. At $300 for a 1 watt solar cell, the expense was far
beyond anyone’s means. 1956 started showing us the first solar cells used in toys and
radios. These novelty items were the first item to have solar cells available to consumers.
In the late 1950’s and early 1960’s satellites in the USA’s and Soviet’s space program were
powered by solar cells and in the late 1960’s solar power was basically the standard for
powering space bound satellites.
In the early 1970’s a way to lower to cost of solar cells was discovered. This brought the
price down from $100 per watt to around $20 per watt. This research was spearheaded by
Exxon. Most off-shore oil rigs used the solar cells to power the waning lights on the top of
the rigs.
The period from the 1970’s to the 1990’s saw quite a change in the usage of solar cells.
They began showing up on railroad crossings, in remote places to power homes, Australia
used solar cells in their microwave towers to expand their telecommunication capabilities.
Even desert regions saw solar power bring water to the soil where line fed power was not
an option!
Today we see solar cells in a wide variety of places. You may see solar powered cars.
There is even a solar powered aircraft that has flown higher than any other aircraft with the
exception of the Blackbird. With the cost of solar cells well within everyone’s budget, solar
power has never looked so tempting.
Recently new technology has given us screen printed solar cells, and a solar fabric that can
be used to side a house, even solar shingles that install on our roofs. International markets
have opened up and solar panel manufacturers are now playing a key role in the solar
power industry.
CHAPTER 3
COMPANY PROFILE
COMPANY PROFILE
I would like to introduce our company Teamtronix India pvt ltd that has been in business of
UPS, LED and solar products for the past 10 years.
We have been an established and popular company with an excellent track record for the
best customer satisfaction. We have never compromised on the quality and the services
provided to the customer. We believe in keeping the customers happy and providing them
with products at a very competent price. We have an excellent staffs who will guide you
with their best ideas by keeping in constant touch with your company and informing about
the market trends.
After having studied the customer’s requirements for more than a decade we have the
following quality variety of products.
CUSTOMERS
HMS Institute of Technology – Tumkur JUCC – Jamia Uloom Computer Centre
Al – Ameen – Group Mount Carmel College
Education First APD (The Association of People with
Disability)
Education First Taha College of Management
HKBK College of Engineering ESSL
N.M. Academy (Brindawan College ) Hasanath College
KNS Institute of Technology Gem School
DPS – (Delhi Public School) Dr. Ahmed’s Best Clinic
DPS – (Delhi Public School - EAST) Asian Diagnostics
DPS – (Delhi Public School - SOUTH) F.M. Eye Clinic
DPS – (Delhi Public School - WEST) Mediscope Hospital
Christ School F.M. Eye Clinic
Vijayanagar Engineering College – Bellary Sai Hospital- Whitefield
Rajiv Gandhi College – Tumkur Medicscope Diagnostics Centre
Ghousia College of Engineering – Ramanagar Karnataka State Reserve Police
K.K. PU & Degree College Central Prison
Basava Academy Director General of Police (Home Guards)
The Learning Center Hewlett Packard
St. Joseph’s Evening College TELISMA
Alphine Infotech – Medical Transcription IBM Mantri @ Commerce
Ganga Kaveri Institute of Management TIMKEN Engineering Pvt. Ltd.,
Purple Ace Wireless Solutions (I) Pvt. Ltd Cap Gemini
Financial Objects GMR Group
9 Tafe Doddabalapur
11 Lunar's Mysore
17 Florishm Bangalore
Commercial Street,
24 Shaadi-Ki-Biryani Bangalore
Commercial Street,
27 Orkids Bangalore
Aurigene Discovery
29 Technologies Electronic City, Bangalore
Commercial Street,
30 Nina Boutique Bangalore
ADDRESS
TE Connectivity has developed and acquired a good canteen facility for the employees.
Hygienic food is provided to the employees at low cost and some amount is deducted from
the salary. TE Connectivity also provides mineral water facilities to its employees.
b) Travelling allowance:
In addition to salary the company also provides Travelling Allowances to its employees.
TE Connectivity also runs its ownvehicles to bring forth its employees from the various
corners of the city. Transport facility with the perfect timing makes the employees reach
the work place in time.
c) Health Schemes:
d) Office system:
Being at work regularly and on time is an important part of the overall job performance.
Employees have to take an entry / exit to the company at the specified timings and have to
sense their identity cards on the electronic machine where their attendance details are
maintained in the electronic system which is further used by the HR department for the
calculation of remuneration. The company also provides uniforms to its employees. The
uniforms are different to different levels of employees via, engineers, supervisors, workers
and security.
f) Work Environment:
The working environment acts as the primary motivator for all employees. TE
Connectivity has an amiable and conductive working environment. The quintessence of the
organization lies in the people working there. It has been their constant endeavor to achieve
and provide an atmosphere of perpetual growth and shared learning to all their employees.
They have ceaselessly tried to promote a team-based culture and encourage a sense of
innovation and positive through
CHAPTER 4
FUNCTIONAL DEPARTMENT
Human resource department is the activity in an enterprise, which strives to mound human
resource into an effective organization, provides opportunity for maximum individual
contribution undesirable working conditions promotes individual development and
encourages mutual confidence and understanding between employers and employees as
well as employees themselves.
OBJECTIVES:
Planning
Planning is a process that includes defining goals establishing strategy and
developing plans to co-ordinate activities.
Organizing
Organizing is defined as the form of human association for attainting common
objectives.
Directing
Direction is a process of motivating and influencing them to work willing fully
towards the goals of the organization.
Co-coordinating:
Co- ordination is the process of interrelating the activities of an organization to
each other in order to achieve the organizational objectives effectively.
Controlling:
Controlling is the function that includes monitoring activities and to ensure that
they are being accomplished as planned and correcting if there is any significant
deviation.
Hiring
Promotions
Reassignments
Position classification and grading
Salary determination
Performance appraisal review and processing
Awards review and processing
Personnel data entry and records maintenance
Consultation and advisory services to management and employees
Conduct problems
Performance problems
Policy development Technical policy interpretation
Work Permitting Immigration Visa Program
HR POLICIES:
Co., policy will be guide line to help you to acquaint you self with the rules framed by the
co., to settle in quickly with the existing tradition and culture and built up team work.
1. Working hours
All employees must report for duty as per the timings specified at the respective
units/location
All employees should swipe their cards before entry and exist at their respective location or
sign the attendance as applicable. The Factory work consists of four shifts per day:
2. Leave
There are mainly types of leave that are provided by the organization
Casual leave
Earned leave
Maternity leave
3. Transfer policy
4. Promotions
5. Separation
Resignation
Termination
Retiring
7. Employees welfare
Canteen
Transportation
Uniform
Dispensary
Salary advance
House rent alliance
Health insurance policy
Others
Security procedures
Due to the recent security issues around the world, its perceive that “prevention is better
than cure”. Accordingly, it is decided to maintain certain security procedures guard against
the introduction of any unwanted good in the shipment viz. ships, explosives, bio hazards,
or any other such products.
Physical securities
Company has provided round the clock security vigilance in the factory premises.A list
detailing out the Do’s and Don’ts of security in drawn out as per the enclosed annexure.
Recruitment
“Recruitment refers to the process of attracting, screening, and selecting a qualified person
for a job”
Determine the present and future requirements of firm in conjunction with its
personnel planning and job analysis activity.
Increase the pool of job candidates at minimum cost.
Helps increase the success rate of selection process by reducing the number of
visibility under qualified or overqualified job applications.
Meet the organizations legal and social obligations. Identifying and preparing
potential job applicants who will be appropriate candidates.
Increase organizational and individual effectiveness.
Evaluate the effectiveness of recruitment techniques and sources for all types of job
applicants
SOURCES OF RECRUITMENT:
Human Resource Development is the integrated use of training, organization, and career
development efforts to improve individual, group and organizational effectiveness.
HRD develops the key competencies that enable individuals in organizations to perform
current and future jobs through planned learning activities.
OBJECTIVES OF HRD:
Work Opportunity.
Development of Traits.
Ability development.
Creative Motivation.
Good Relation.
Develop team spirit.
Organizational Growth.
Human Resource Information.
ESSENTIALS OF HRD:
A desire on the part of the human resources to find better methods to improve
quality and productivity
Removal of hurdles from the organization affecting productivity of the employees
Requires skills, attitudes and ability in the persons engaged in HRD program.
Proper rapport between the HRD dept and the key personnel in the organization.
Involvement of the personnel of the organization to get a lot of information for
understanding the dynamics of the organization for developing HRD program.
The need for suggesting the introduction of simple methods which can be
implemented by the HRD division without much cost.
Performance Appraisal
Performance Management
Performance Management (PM) includes activities that ensure that goals are consistently
being met in an effective and efficient manner. Performance management can focus on the
performance of an organization, a department, employee, or even the processes to build a
product or service, as well as many other areas.
A) On Job Training:
Job instruction training
Coaching
Mentorship
Position rotation
Apprenticeship
Committee Assignment
The most frequently used method in smaller organizations that is on the job training. This
method of training uses more knowledgeable, experienced and skilled employees, such as
mangers, supervisors to give training to less knowledgeable, skilled, and experienced
employees. OJT can be delivered in classrooms as well. This type of training often takes
place at the work place in informal manner.
Job instruction training: Job Instruction Technique (JIT) uses a strategy with focus on
knowledge (factual and procedural), skills and attitudes development.
Plan: This step includes a written breakdown of the work to be done because the
trainer and the trainee must understand that documentation is must and important
for the familiarity of work. A trainer who is aware of the work well is likely to do
many things and in the process might miss few things.
Present: In this step, trainer provides the synopsis of the job while presenting the
participants the different aspects of the work. When the trainer finished, the trainee
demonstrates how to do the job and why is that done in that specific manner.
Trainee actually demonstrates the procedure while emphasizing the key points and
safety instructions.
Trial: This step actually a kind of rehearsal step, in which trainee tries to perform
the work and the trainer is able to provide instant feedback. In this step, the focus is
on improving the method of instruction because a trainer considers that any error if
occurring may be a function of training not the trainee. This step allows the trainee
to see the after effects of using an incorrect method. The trainer then helps the
trainee by questioning and guiding to identify the correct procedure.
Follow-up: In this step, the trainer checks the trainee’s job frequently after the
training program.
Coaching:
Coaching is one of the training methods, which is considered as a corrective method for
inadequate performance. According to a survey conducted by International Coach
Federation (ICF), more than 4,000 companies are using coach for their executives. These
coaches are experts most of the time outside consultants. It helps in identifying weaknesses
and focus on the area that needs improvement This method best suits for the people at the
top because if we see on emotional front, when a person reaches the top, he gets lonely and
it becomes difficult to find someone to talk to. It helps in finding out the executive’s
specific developmental needs. The needs can be identified through 60 degree performance
reviews
Mentoring:
Vestibule training
Apprenticeship
Classroom training
Internship
Conference
Role Plays
Programmed Learning
evolved into standardized routines and packages of enterprise resource planning (ERP)
software.
The function of Human Resources departments is generally administrative and common to
all organizations. Organizations may have formalized selection, evaluation, and payroll
processes. Efficient and effective management of "Human Capital" progressed to an
increasingly imperative and complex process. The HR function consists of tracking
existing employee data which traditionally includes personal histories, skills, capabilities,
accomplishments and salary.
Payroll
Time and Attendance
Appraisal performance
Benefits Administration
HR management Information system
Recruiting/Learning Management & Training System
Performance Record.
NATURE OF PRODUCTION
Production is the process by which raw materials and other inputs are converted into
finished products. Manufacturing is understood to refer to the process of producing
tangible goods. Where a production includes a creation of both tangible goods as well as
intangible service.
OPERATIONAL DEFNITIONS
MEANING OF COST:
Cost accounting is the process of accounting for cost from the point at which
expenditure is incurred or committed to the established of its ultimate relationship
with cost centre and cost units.
Indirect cost is those cost which are incurred for the benefit of a number of
cost unit, process or department and theses cost cannot be conveniently
identified with a particular cost unit or cost centre. Ex: insurance, lighting,
power, rent etc.
PRIME COST:
Prime cost consists of cost of directs materials, direct labors and direct expenses. It is
also known prime cost.
FACTORY COST:
It comprises of prime cost and in addition, works or factory overheads that include
cost of indirect material, indirect labors and indirect expenses incurred in a factory. It is
also known as works cost, production or manufacturing cost.
Cost sheet may be prepared on the basis of actual data [historical cast sheet] or on the
basis of estimated data [estimated cost sheet].
The selling cost refers to the cost of selling function i.e. the cost of activities relating
to create and stimulate demand for company’s products and to secure orders. The
distribution costs will be incurred on goods available to the customers.
VARIABLE COST:
The variable cost is a cost that tends to vary in accordance with level of activity
within the relevant range and within a given a period of time. The prime costs i.e
direct material, direct labour and direct expenses tend to vary in direct proportion to
the level of activity.
FIXED COST:
The fixed cost is a cost that tends to be unaffected by changes in the level of activity
during the given a period of time. The fixed cost remain constant in total regardless
of changes in volume up to a certain level of output.
The scope of production management is indeed vast. Commencing with the selection of
location, Production management covers such activities as acquisition of land, constructing
building, procuring and installing machineries, purchasing and storing of raw materials and
converting them into saleable products.
Production is the basic activity of all industrial units. All other activities revolve around
this activity. The end product of the production activity is the creation of goods and
services for the satisfaction of human wants. The production activity is nothing but the
step-by-step conversion of one form of materials into another either chemically or
mechanically. This is done in factories which house manufacturing processes. The basic
inputs of the production processes are men, machines, plant, services and methods. The
products of the mine, farm, sea and forest are used as raw materials on which the
processing is done to create or enhance the form utility. It should be noted that the finished
product of one manufacturing unit does not always furnish a readymade product for the
ultimate consumption. In a chain of manufacturing activities, the finished product of the
processor sometimes becomes the raw material (or component) for the other manufacturing
firms falling next in the sequence.
Design / Sketch
Pattern Design
Sample Making
Production Pattern
Grading
Marker Making
Spreading
Cutting
Sorting
Assembling
Inspection
Pressing/ Finishing
Final Inspection
Packing
Dispatch
Pattern Design: Every piece of industrial enclosures is built upon a pattern. The
pattern is made by the standard sizes. We must have to make pattern to follow
while manufacturing a product. It saves time and increase the rate of accuracy of
making
Sample Making: Before going for a bulk production; it’s a smart step to make a
complete sample of the desired control panels. After making the sample if the
production manager thinks that this obey; then the further bulk control panel
production is to be carried out by following the exact size and quality of that
sample.
Production Pattern: After making the control panel sample that I have
mentioned in the previous process step; it’s wise to make a production sample that
will be hanged out in front of every labor that are recruited to make this products
eventually.
Grading: grading is done in order to grade various sizes of products in separate
place so that it would be easier to inspection and maintain the export works at last.
Marker Making: Marker making is the process to sketch on metal before
cutting it. Market is to be in standard size required by the buyers.
Spreading: After making a market; we have to spread the whole metal over the
spreading table in order to put Marker and pattern over it.
Cutting: After successfully spread the metal and putting all the marks and sketch
by the marker; this is the time to cut the sheet metal according to design.
Shorting & Bundling: Some shorting task is done in order to list the same
number of parts in a separate place.
Quality Control is a most essential department of a manufacturing Industry. The main task
of the quality control section is to check the quality of the products during the
manufacturing process. Every products need to be pass the quality test. The Quality control
officers identify the quality of a running process and let the Production unit know what is
going on and where to improve
Planning department is responsible for all planning activities related to the production and
the delivery of products. They prepare the loading plans for lines. panel details plans and
the entire production process from the receipt of the metal, the cutting plan, the quality,
time of loading, type of metal to be loaded that is the hourly out put the work in progress
in a line etc. are prepared by planning department.
The activities of this pre-production department start with receipts of orders when a
customer places an order it is passed on to the pre-production department for the pattern
and the same pattern after the review of the sample approved. The customer if required
makes the necessary changing’s and confirms the orders. The order is then for the final
sampling and approval and that sample is known as proto.
Then the final pre-production sample is approved and the size set is been done. For all
these processes it has to have the approval from marketing and merchandising department.
The next process is pilot run process, since the TE Connectivity Industry pvt Ltd. After
this process the bulk production takes place.
D) CUTTING DEPARTMENTS:
The cutting function starts from the time of the receipt of the orders from the
marketing/merchandising department issues cut ticket and as per that grading, size set and
the bulk cutting is done.
The main operation starts with the receipt of the control panel from the department. It is
then goes for the process for cutting after the numbering is done and a panel inspection is
made to find the defects, the size, shape and notch, once this process is completed, the cut
material is sent through the manufacturing process.
E) MAINTENANCE MANAGEMENTS:
MAINTENANCE ACTIVITIES:
Repairs
G) STORES DEPARTMENT:
It is a place where material are received and stored. Material received will not be issued
immediately it will be held in stores and that is called inventory. The inventory held in bell
is for one and half months.
FUNCTIONS:
Goods inwards
Holding stores
Scrap and surplus stores
To receive raw materials and account for them.
To receive the purchase requisitions.
Checking inspection letters.
Invoice must match with purchase order
Made rejection and replacement.
SCOPE OF STORES:
Marketing is the human activity directed at satisfying needs and wants through an
exchange process of goods and services from the producer to consumer.
“It is a social managerial process by which individual and groups obtain what they need
and want through creating, offering and exchanging products of values with others.”
Marketing department of TE Connectivity Industry pvt ltd. has played a vital role in
gaining back the company is prestige and market for its products. It’s also controls the
export department.
OVERSEAS NETWORK:
With the opening up of international markets, wider customer base and the ability of
company to provide factored control panel to its customers through its wholly owned
subsidiary TE Connectivity Industry pvt. Ltd., the trust of the products division on export
will continue. However, the margins on exports are under pressure due to fierce
competition in international market.
CHANNEAL OF DISTRIBUTION:
1) Manufactures to direct whole sellers
2) Manufactures to dealers then to whole sellers
3) Manufactures supply the based on clients order basis also
RISK MANAGEMENT
Manufacturing risk
A disruption at our manufacturing sites would significantly affect our production
capabilities consequently impacting product deliveries.The plants are designed to restrict
the effect of unseen disruption on the manufacturing facilities. Further, risk evaluation is
conducted and observations are implemented on a periodical basis
Commodities risk
Our operating results may be adversely affected by increased costs, disruption in supply or
shortages of raw materials and other supplies. The Group continues to evaluate various
alternative sourcing options so as to address requirements optimally.
Competition risk
Competition in the home textiles industry from producers in India, China and other
developing countries may adversely affect our performance. The Group maintains its
competitive advantage by continuous investments in portfolio of brands, product designing
and manufacturing capabilities and ensuring timely deliveries at competitive prices.
Financial risk:
Credit risk
Our commercial transactions subject the Group to credit risk principally consisting of trade
receivables.
Credit risks on account of trade receivables are minimized mainly due to cash sales and
factoring of receivables without recourse in case of large customers. For remaining trade
receivables, the credit risk is diversified over a large number of customers and
satisfactorily reflects the spread of sales.
Liquidity risk
Changes in the debt and capital markets, including market disruptions and limited liquidity
could restrict the Company’s access to potential source of future liquidity and payment
commitments cannot be met as a result of insufficient liquidity. The aim of the financing
strategy is to maintain a well-balanced maturity profile of liabilities to minimize funding
risk.
The net cash provided by operating activities, supplemented as necessary with borrowings
available under our existing credit facilities and existing cash and equivalents and short-
term investments, will provide sufficient resources to meet our current expected
obligations, working capital requirements, debt service and other cash needs over the next
year. CRISIL, the credit rating agency, has assigned the CRISIL BBB / Stable outlook for
long term borrowings and CRISIL A3 + for its short term borrowings.
Finance is the life blood of any business and is concerned with proper utilization of cash by
manipulation in the use control of money. It is also concerned with the acquisition of the
funds and wide application of funds.
The financial statements are prepared based on the mandatory accounting standards issued
by Institute of Charted Accountants Association of India and relevant provisions of
Companies act 1956.
Fixed assets are stated at cost less accumulated depreciation/ straight line method
depreciation is used.
Raw materials, stores and packing materials are valued at weighted average cost.
OBJECTIVES:
AUDITING:
The company has an internal audit system that’s conducted in accordance with auditing
standards generally accepted in India. Audit system is commensurate with the size of the
company & Nature of businesses for the purchase of inventory, fixed assets and the sale of
goods. An audit includes examining on a test basis, evidence supporting the accounts
disclosures in his financial statements accounting principles used & significant estimates
made by the management.
CHAPTER 5
SWOT ANALYSIS
The SWOT analysis provides information that helpful in matching the firms’ resource and
capabilities to the competitive environment in which it operates. As such, it is an
instrumental in the strategy formulation and selection in and administration of the
company.
S = Strengths
W = Weakness
O = Opportunities
T = Threats
Strengths
Skilled workforce
Weaknesses
Competitive market
Opportunities
new markets
global markets
venture capital
Threats
CHAPTER 6
6.1 Findings
The company having good relationship with vendors of raw material and clients.
It was found that there are more number of unskilled laborers in the company.
There is a lack of management application by the management employees.
The company utilization of resources in a systematic way.
Store department undertakes both storage of goods and purchases.
The employees of the company are helpful and co-operative.
Company using safety security policy.
The company maintaining good environmental and quality standards with awards
for recognition.
There is a high level of satisfaction among Clients for the services provided.
There is no proper implementation of performance Appraisal technique in the
organization to evaluate the performance of the workers.
Training programmers for every new joiner is given. Online training (it is regularly
given when there is change in orders, complaints and so on.)
Skilled employees are sent outside the organization for seminars.
Training is given to employees as per the international quality standard.
6.2 Suggestions
Following are certain suggestions which might be beneficial for both individual
and organization point of concern.
Safety measures have to be strictly enforced for the purpose of reducing the rate of
accidents.
360 degree performance appraisal can be followed by the organization.
Transportation facility should be provided to employees.
Plant should be modernized and automatic machines should be installed.
The company has to employee more number of qualified and skilled workers.
6.3 Conclusions
The effort in this study was to make a survey on the employees TE Connectivity. To find
out their opinion and identify how stress had various effects on the employees and
suggestion mechanism to reduce job stress.
From the overall study it was found that all the employees are stressed at their work place
and stress had various effects on employees like psychological, behavioral, organizational
and cognitive effects and even stress had considerable impact on their family. Most of the
employees also tried to overcome from it most of the employees agree that there is change
in their behavior in the form of sleeplessness, experience high heart beat and blood
pressure, frequent forgetness, poor in productivity an increase in accidents etc.
It can be thus conclude that the stress is become an inevitable part of employees life and
also they undergone various effects. It is necessary both for employees and organization by
adopting either individual strategy like time management, physical exercise, relaxation,
social support, open up to others etc. or organizational strategy like supportive
organizational climate, improved communication personal well-being etc.
CHAPTER 7
REFERENCE BOOKS
SL
NAME OF THE BOOK AUTHOR PUBLISHERS
NO
REFERENCES SITE
www.teamtronix.in
MAGAZINES
Annual Reports
Magazines about the Company