HITEN FASTENERS PVT LTD Up

HITEN FASTENERS PVT LTD.
INTRODUCTION ABOUT INTERNSHIP
Internship means knowing and getting experience of organizational activity. In generally

internship means working for a company or organization for certain period of time in order to
get experience about organizational activity conducted. Usually internship is carried for
certain period of time like (4 weeks) or month. Which conducted inside environment of
company or organization for getting practical experience and directly deal with company
activity and digging information about internal aspects of company which is cannot get easily
and know their working culture, ethics, procedures by self-experience. When placed in this
situation, students expand their concepts of different organizational structures and different
working relationships within the workplace. In order to obtain academic credit for this
experience.
From this internship we acquire some skills like managerial skills, communication skills, and
interpersonal skills etc. It helps to gain importance of the specific business.
The intern is expected to provide information on the organization, in which he or she worked,
descriptions of specific work completed, and specific sports and or recreational aspects
relevant to the assigned tasks.
Benefits of internship:
 Developing personally and professionally while gaining confidence and real-world

experience.
 It provides career opportunities for students.
 It helps to motivate the students.
 Network with professionals in the field.
 Transition into a job.
 To get the practical exposure in the corporate world.
 To have a proper balance between the theory and practical knowledge.
 To study origin, growth, vision, mission, and status of the organization.
 To evaluate the effectiveness of the organization.
 To study functional departments, exists in the organization.
Dept of MBA JVIT Bidadi Page 1

Successful internships can be found in diverse settings and involve widely varying projects
and assignment. All successful internships, share traits which are as follows:-
 The organization receives significant assistance as a result of the internships.

 The side supervisor provides feedback about the intern’s performance and potential
career.
 The intern is challenged to develop professional skills, knowledge and ability.
INDUSTRY PROFILE:-
Introduction
HITEN fasteners private ltd belongs to the fasteners industry. A fastener is a hardware device
that mechanically joins two or more objects together. There are three major steel fasteners
used in industries; - stainless steel, carbon steel, alloys steel. An industrial fastener comprises
a very wide range of items like bolts and nuts, studs, washers, nails etc.
The fasteners industry in India may be classified into two segments namely, high tensile and
mild steel fasteners, which broadly include nuts, bolts, studs. Manufacture of high tensile
fasteners requires superior technology hence these are mainly manufactured in the organized
sector. Manufacturing of mild steel fasteners is concentrated in the unorganized sector.
The industry is a strongly tied to the production of Automobiles, Aircraft, agricultural

machinery, commercial construction, and infrastructure. The largest distributor of fasteners in
North America is the Fastenal Company.
When selecting a fastener for industrial applications, it is important to consider a variety of

factors. The threading, the applied load on the fastener, the stiffness of the fastener, and the
number of fasteners needed should all the taken into account.
Nuts and bolts are used for fastening purpose in industries where the replacement of pieces
and the parts is necessary. There are many industries which produce these nuts and bolts of
various sizes, but the demands too are increasing as well as the raw material for the product is
easily available. All type of fasteners expects high tensile and special type of fasteners are
reserved for SSI (small scale industry) sector. Customer durables and railways are the
primary users of the high tensile the automobile, general engineering consumer durables,
railways and auto replacement market accounts for 95% of the demand of cold forged HITEN
fasteners industry in India.

HISTORY
The screw thread is believed to have been invented around 400BCE, by Archytas of
Tarentum, a Greek philosopher. The general principle of the screw was applied early on, in
cities like Pompeii, to extract olive oil and grape juice. The water screw, first mentioned in
Mechanica of Heron of Alexandria, was made from wood and aided farm irrigation and rid
ships of bilge water.
In 1568, Jacques Besson, a French inventor, created the bolts and screw manufacturing
machine. In eighteenth century, screw evolved again when Antoine Thiout, a French
clockmaker, attached a screw driver to a lathe, enabling tool carriages to move semi-
automatically. Fastener design developments have moved even faster, thanks to the
introduction of nickel-based alloys. Engineers seek to continue fastener development by
studying what’s possible with lightweight metal bolts made from materials like magnesium,
titanium and aluminum.
Market Growth:-
Global industrial fasteners market is expected to reach Rs 7176 billion by 2020, according to
the research. By the year 2019 the global market for industrial fasteners is forecast to reach
Rs 73.1 billion USD.
Asia pacific is leading region accounting for the global industrial market growth. The
fasteners market in Asia anticipated to reach Rs 2992 billion by 2020. India is anticipated to
experience the fastest growth over the next couple of years along with the steady economic
growth of the country.
The major drivers for the fasteners market growth in India are growing automotive market
and developing heavy engineering industry. Economic growth and rapid industrialization in
India are expected to drive investments for the fastener market

CHAPTER-2
ORGANIZATION PROFILE
Back ground:-
HITEN is an ordinary company with ordinary people making an ordinary product called
HITEN fasteners. HITEN Fasteners private limited was established on 21st November 1983.
It is classified as non-govt Company and is registered at registrar of companies, Bangalore.
With a share capital of Rs 30,000,000, Directors of HITEN FASTENERS Pvt ltd are
Saikumar Balakrishnan, Sudhir Pandey Kumar, Preethi Saikumar, and rajendra Prasad
Sharma.
HITEN is establish with an asset of just 10 people in a rental premises in Bangalore,
Karnataka. The company has grown in size and volume from small turnover of 870million in
1985.
HITEN has 3 manufacturing location in Karnataka- Bangalore, Maddur, Gadag and we are
largest SME employer in Maddur and Gadag district for engineering products. The land,
building, infrastructure, plant and machinery at all places are owned by the company.
It has an asset worth more than INR 510 million. Company associate concern M/s Karnataka
OEM and spares Pvt Ltd has manufacturing unit in gadag, 400kms away from Bangalore.
They are exclusively sub-contractor to Hiten Fasteners Pvt Ltd for supply of fasteners for
VFS Germany. They are ISO 9001 certified by BVQI and have a strength of 200+ people.
HITEN manufactures the high tensile fasteners and mild steel fasteners like nuts, bolts,
screws, studs, and washers as per standards. HITEN FASTENERS Pvt Ltd Annual general
meeting (AGM) was last held on 30 September 2018 and has per records from ministry of
corporate affairs (MCA), its balance sheet was last filed on 31 march 2018.

Fig 2.1
Company Particulars:-
Name of the industry HITEN FASTENERS PVT LTD.
Year of establishment 1983
Constitution Private limited
Location Somnahalli industrial area Maddur Taluk,

Mandya district Karnataka
Registration 80 01 25366 dated 17-04-1986
Bank State Bank Of India
Certificates ISO 9001,ISO 2000
Availability Of Communication Facility Telephone, Email, Internet, printer.
Email Hiten@gmail.com
Table 2.1
HITEN Fasteners Private Limited is a 28 year old company established as a small scale
industry for manufacture of tensile and high tensile fasteners. As on 2018 HITEN
achieved a turnover of INR 874 million. During the last 5 years HITEN has exported

fasteners worth INR 700 million to VFS Germany for their projects. The units Ma also
cater to the requirements of metro, windmills, Hydro power and infrastructure projects.
The company has 3 units in Maddur with full-fledged facilities for manufacture and
testing of high tensile fasteners with various surface coatings. The units in Maddur
cater to the forging and input requirements of the Bangalore units. A full-fledged
laboratory and R&D center has been established in Maddur for product and process
development and customer support.
To overcome the difficulties encountered from non-availability of timely quality

tooling the company has established tool room facilities including inspection facilities
separate at Bangalore and Maddur. The tool room has all the facilities to manufacture
the forging dies, thread rolls, drawing and extrusion dies jigs and fixtures.
The company has excellent long standing suppliers of raw material and other inputs
that have ensured timely supply of quality materials at competitive prices and this has
led to consistent growth of the company in terms of turnover and profits. Company
having a total strength of 550+ ordinary happy and very happy people.
Company exports fasteners to:-
 Thailand.
 France.
 Malaysia.
 Sweden.
 Turkey.
 Germany.
 Panama.
 Australia.
 Mexico.
 Peru.
 Hungary.
 Riyadh.

Fig 2.2
Competitors:-
 IOTEK Fasteners
 Ankit Fasteners
 Sundaram Fasteners
 Koya Fasteners
 MK Fasteners
Fig 2.3

Sales Areas 2018-19 (Cr)
Other Segment,Other Expor2.16

Metro Export 8.64
6.23
Wind Mill, 42.76
Metro India, 26.53
Windmill Metro India Metro Export Others Segment Other Export
Fig 2.4
NATURE OF BUSINESS:-
The major business of HITEN Fasteners Pvt ltd is to produce fasteners (nuts, bolts, screws,
washers) and engineering products. They manufacture standard fasteners and supply to
windmills, metro India.
It is one of the manufacturing industry.it takes continuous process of production and it should
be conducted regularly in order to grow and regular returns. It usually to obtain the high level
of profit through the quality of production and sales of goods and service.
The following are the important nature of HITEN FASTENERS PRIVATE

LIMITED:-
 Buying and selling

 Production
 Size of the company
 Continuous process
 Motivation

Buying and selling:
The basic activity of HITEN fasteners Pvt ltd trending. It involves buying of raw materials,
plant and machineries, properties, stationary from different dealers and it sells the product of
the dealers.
Size of the company:
Indian fasteners industry is composed of two segments-high tensile and mild steel fasteners.
The market size of the fasteners industry in India is around US$350 million. High tensile
fasteners account for 85% of market and mild steel fasteners contribute to the remaining 15%
of the market. HITEN fasteners have more than 150 workers. It’s usually based on rural
workers business. To educate employees to reduce, reuse, recycle resources.
Continuous process:
HITEN fasteners Pvt ltd it takes continuous process of production. It should be conducted
regularly in order to grow and regular returns.
Motivation:
HITEN fasteners Pvt ltd motivate and encourage employees to participate in social activities.
Increase the employee benefits and provide a bonus.
Vision and mission, quality policy
VISION :
Establish successful Fasteners manufacturing Industries in industrially backward areas of
Karnataka, India
MISSION :
 To establish industries in selected notified backward areas and employ more than
90% of our manpower requirement from these local areas.
 TO provide 90% permanent employment with special focus for 15% reservation for
women and 3% for the physically challenged.
 To export our products and service from those industrially backward areas.
 To harness renewable energy to the extent of 50% of the annual energy
consumption.

OBJECTIVES :
 To maintain and manage Employee satisfaction Index on Daily Basis.

 To Eliminate Discrimination on the basis of Sex ,Cost,Colour,Religion and language.
 To Provide Permanent Employment for atleast 90% of the total man power.
 To Restrict employment of contract labour to below 10% of the total man power.
 To Maintain and restrict attrition below 5%.
 To Provide Permanent Employment atleast 200 people.
 To maintain and implement all the labour laws.
 To provide 10% Reservation for Employment of Women.
 To provide 2% Reservation for Employment of physically challenged people.
 To Provide need basis direct employment to widows and physically challenging
people.
 To provide compensation and benefits as per labour and land.
 To eliminate security check for all employees.
 To encourage and motivate our Employees to be blood donors.
 To implement and obtain OHSAS Certification.
 To educate employees “Reduce,Reuse,Recycle” resources.
 To provide monitery incentive of INR 10000 to those of employee who do not take
DOWRY.
 To promote austerity in wedding by providing incentive of INR 5000 to each
employee who gives only one invitation card to the company. The company
circulates to the all employee.
 To promote austerity in spending the company provides incentive of INR 10000 to
each employee who conducts simple marriage in register office and in temple.
 Company provides education support of INR 1000 month to children of widows.
 To encourage and motivate employee to use bicycle for commuting from residence
to work place where resident is near the place of work.
 To motivate and provides incentives for the children who performed well in SSLC in
PUC in Gadag district.
 To Motivate and encourage employee to participate in Social activities.
 To plan and conduct community and village development activities.

Quality Policy:-
We are committed to manufacture of HIGH TENSILE FASTENERS and components as per

customer requirements by utilizing the organizational and human resources effectively and
efficiently.
We are committed to implement, maintain and continually improve our quality management
system and to fulfill the applicable requirements.
This will be achieved by:-

a) Maintaining and continually improving quality management system for manufacture and
supply of tensile and high tensile fasteners.
b) Providing products and services that meet customer requirements.
c) Planning for and delivering products in time to customers.
d) Continuously upgrading competence.
ENVIRONMENTAL POLICY:-
We are committed to implement, maintain continually improve our environmental

management system by adopting responsible practice in all our process and activities
involved in manufacturing fasteners.
We are committed to monitor and minimize the adverse environmental impacts from our
activities and adopt best practice to prevent pollution.
We are future committed to identify, Adopt, implement environmental friendly activities and
fulfill the compliance obligations.
HUMAN POLICY :
“We are committed to be the BEST EMPLOYER in MANDYA District”.PRODUCT OR
SERVICE PROFILE:
 Bolts (tower bolt, tea bolt, anchor bolt).
 Nuts.
 Studs.
 Screws.
 Washers.

1.NUTS
A nut is a type of fastener with a threaded hole. Nuts are almost always used in conjunction
with a mating bolt to fasten multiple parts together. In application of where vibration or
rotation may works nut loose, various locking mechanism may be employed. Square nuts as
well as bolts heads were the first shape made and used to be the most common largely
because they were much easier to manufacture, especially by hand. The most common shape
today is hexagonal, for similar reasons as the bolt head Six. It takes only one sixth of a
rotation to obtain the next side of the hexagon and grip is optimal.
Fig 2.5 NUTS

2.BOLTS
A bolt is a one of the type of the fasteners. Bolts are often used to make a bolted joint. This is
a combination of the nut applying an axial clamping force and also the shank of the bolt
acting as a dowel, pinning the joint against sideways shear forces. This company produced
anchor bolts and tower bolts. In this bolts Min. order 1,000 pieces get latest price US $ 0.04
and production capacity per year 10,000 tons. Materials are carbon steel, stainless steel and
alloy steel and finishing color this bolts are black and plain.
Fig 2.6 BOLTS

3.STUDS
A threaded rod, also knows as a stud, is a relatively long rod that is threaded on both ends, the
thread may extend along the complete length of the rod. Studs are categorized into 3 basic
types. “Fully threaded stud bolts”, “Tap end stud bolts”, and “Double end stud bolts”. Fully
threaded studs are ideal for making custom assemblies using threaded locking adhesive-
including stud type hand knobs and cushion spindles for toggle clamps.
Fig 2.7 STUDS

4.SCREWS
Screw is a one of the type of fasteners. This company produces screws per month 100 tons
and Min. order >_100,000 pieces get latest price US $ 2,000. The material of the screws is
carbon steel and shape of head is round. The surface finishing is zinc plated, hot dip
galvanized, electrical galvanized, and black, plain and trademark of the screws is Nuts. Raw
materials of the screws are carbon steel, stainless steel and so on. All sizes of screws are
available and packaging patterns is bulk packaging, box packing, and gunny bag packing.
Ux Fig 2.8 SCREWS

1. WASHERS
A washer is a thin plate (typically disk shaped) with a hole (typically in middle) that is
normally used to distribute the load of threaded fasteners. Washers are usually metal or
plastic. High quality bolted joints require hardened steel washers to prevent the loss of pre-
load due to Brine ling after the torque is applied.
Fig 2.9 WASHERS

Ownership Pattern:
HITEN is a private limited company.
Shareholders % of holding
Sri.B.Saikumar 45.98%
Sri.R.P.Sharma 9.68%
Mrs.Bhanumathi Saikumar 5.42%
Mrs.Premalatha Sharma 6.04%
Sri.Jitendrakumar Sharma 6.50%
Rajendra Prasad Sharma 6.46%
Karnataka OEM & Spares Pvt ltd 14.33%
R.Balakrishna 5.59%
Table 2.2

Achievements /Awards:-
 Dr. V.R Gowrishankar the present CEO of Sringeri Sharada Peetam and our power
atternee for his holiness Jagathguru Bharathi Theertham Shankracharya has been
associated with company from its inception has a major stake holders. He was
awarded the Padmashri by the government in India and doctorate by Kuvempu
University for his contribution to the society.
 HITEN fasteners awarded recognized 2003 to 2004 for the highest duty paying unit in
Mysore division by central excise.
 Award for excellence, “Significance contribution to sustained performance on quality
2015-16”.
 HITEN Maddur and Bangalore units are in the 7 cycle of ISO 9001:2015 certification
by LRQA since the year 2000.
 HITEN have 47 certified internal auditors for ISO 9001.

FUTURE GROWTH AND PROSPECTS:-
 The company is striving to achieve the EMS (Environment management system)

certificate.
 To achieve of windmill and metro sector.
 The company target is, 90 Crore in 2017-18.
 The company proposes to consolidate and develop its core strengths and flexible
boundaries in the coming years to become the preferred choice for customers for
standard and special HIGH TENSILE FASTENERS.
 Exports are predicted to swell with increase in manufacturing thereby reducing the
import quotient in the fasteners segment.
 Demand for fasteners in the domestic market is expected to witness significant growth
with increase in local innovation and target specific quality products.
 A greater focus on domestic innovation is expected to increase investment and
consequently revenues in the segment. This in-turn is expected to attract more skill

WORKFLOW CHART
PROCESS CHART
MILD STEEL ROD
WIRE DRAWING
BOLT CUTTING
FORGING
TRIMMIMG
THREAD ROLLING
POLISHING
HEAT TRETMENT (8000C-9000C)
TEMPERING (4000C-5000C)
PLATING/COATING
STORE/DISPATCH

CHAPTER- 3
MC KENSY’S 7S FRAMEWORK
Fig 3.1
This 7 frameworks opening appear during the “The skill of Japanese organization” by
Richard Pascal and Anthony Ethos in 1981. They have been looking by how Japanese
manufacturing have been so winning, at just about the similar time Tom Peters and Robert
Waterman were exploring what made a business exceptional. The 7S models were natural at
a meeting of the four authors in 1978. It went to emerge “In explore the brilliance” by Peters
and Waterman, and was taken up as a necessary tool by the universal organization
consultancy McKinsey’s; it’s at times known as the McKinsey’s 7S model. Since the
introduction, the model has been widely used by academic and practitioners and remains one
of the most popular strategic planning tools. The goal of the model was to show how 7
elements of the company; structure, strategy, skills, staff, style, systems and shared values,
can be aligned together to achieve effectiveness in a company.

7S Framework
Hard S (tangible) Soft S (Highly intangible)
Strategy Style
Structure Staff
System Skills
Shared values
Table 3.1
To better represent the challengers of service marketing McKinsey developed a new frame
work for analyzing and improving organizational effectiveness, the 7S model;
Hard S;-
Strategy;-
The plan devised to maintain and build competitive advantage over the competition.
Structure;-
The way the organization is structured and who reports to whom.
System;-
The daily activities and procedures that staff members engage in order to get the job done.
Soft S;-
Style;-
The leadership approach of top management and it companies over all operating approach.
Staff:-
The companies people resources and how they are developed, trained and motivated.
Skills:-
The capabilities and competencies that exists within the company.
Shared values:-
The values and beliefs of the company. Ultimately they guide employees towards valued
behavior.

1. STRATEGY:-
In general strategies refer to “the route that the organization has been chosen for its future
growth, a plan, an organization formulates to gain sustainable competitive advantages.
Strategy means those actions that a company plans in response to or applications of changes,
in its external environment even today the company continuous place great emphasis on the
tradition of innovating so stay ahead”.
Company’s objectives-
 To maintain, monitor and manage employee satisfaction index on daily basis.
 To eliminate security check for all employees.
 To motivate and encourage employee to participate in social activities.
 To plan and conduct community and village development activities.
 To provide compensation and benefits as per labor and land.
Company wants to develop a global product strategy. It offers a low cost with high quality
and also provides full service supply to their customers. They focus on development of rural
people by providing employment opportunities.
Company also develops its product yearly wise and supply according to customer demand.
They adopt advance technology to achieve their competitive advantage.
Company increases its operational efficiencies and provides training facilities to employees
which enhance the knowledge to change in technology.
They at HITEN fasteners strategic framework is designed to develop and maintain leadership
in all business. With an expanded product portfolio and new offerings, we are fulfilling our
customer’s technical requirements on an end-to-end basis. There is a constant interaction with
the customers resulting in continuous development and improvement. HITEN take pride in
serving their existing esteemed customers who are reputed companies operating from India.
The units operate round the clock and strive to meet and exceed the customer’s demand on
quality and delivery.
 Customer’s strategy
also develops its product yearly wise and supply according to customer demand. This
company manufacturing the products based on customer needs and requirements. The
company has good relationship with customers. It is having a more customers in many
countries.

 Promotional strategy
To motivate the workers the companies provide a more benefits.
 To provide a bicycle facility for employees.

 To provide an opportunity for employees going to foreign trip every year.
 All the ladies working in the company will travel by air at least once.
 All employees wear 6 different color uniforms for the 6 days in the week. To eliminate
the discrimination between employees and management top level management also
wearing same company uniforms.
 Company increases its operational efficiencies and provides training facilities to
employees which enhance the knowledge to change in technology
 To provide the well equipped training hall.
 To provide the canteen facilities to the employees.
 Company provides clean and hygienic wash room facilities for women’s and men’s
separately.
To promote our product:
 High quality and low price.

 To provide a good service to the customers.
 To promote the customers give the value added facilities to our products.
 Competitors strategy
The company has good knowledge about the competitors’ strategy. It is maintain a good
relation between our competitors. They adopt advance technology to achieve their
competitive advantage.
 Pricing strategy
Company follows the pricing strategy in many bases.
 Based on the quality

 Related to competitors price.
 Follow the less cost strategy.

2. STRUCTURE:-
The way the organization is structured and who reports to whom. Company adopted the
functional structure where top level management will take all the decision and if required
employees will be asked to take some decision at certain circumstances. Saikumar is the
managing director of the company; the company top level management includes director and
executive director.
Organization structure gives shape to the organization. It is the skeleton of whole

organization edifice. Currently the company has 192 to 204 employees working in different
departments such as marketing, sales, maintenance etc. the employees in department are
based on the requirement of work. Thus, the employees work on the various activities
effectively and efficiently.
In HITEN all different department employees are worked under the different department
heads. They are instruct the employees in different situation they help in solving the problem
and also encourage the employees in order to improve their skills the different departments
heads are encourage and motivate the employees in their work.
In each unit there are finance, HR, and marketing department.
 The production departments in charge review and approve purchase order.

 The tool room in charge purpose is to correct dies and tools to be provided to
manufacturing.
 Manufacturing in charge is to ensure that the products are manufactured in controlled
condition as per the specification. They input manufacturing plan and input material.
 Planning in charge ensure that products are planned as per the requirements of the
customer for manufacturing.

ORGANIZATION STRUCTURE
Fig 3.2
3. SYSTEM:-
 Every organization maintain their own comfort level system of work which helps to
get greater efficiency on work because the system they chosen and followed is
directly get impact on their undertaking activities. This also helps to make changes
and alter and in fact it is very helpful while taking important decision in organization
system followed by HITEN fasteners industries. All of them wear 6 different color

uniforms for the 6 days in a week. Management information system is to identify the
problems between the departments and managing the problems with inter-related
processes. It also contributes to the organizations success and help to achieve its
objectives.
 All the departments are computerized which help to interact between the departments.
And the entries regarding the marketing are done online so that there will not be delay
in communication. They maintain merit rating system to ensure the performance of
the supplier with regards to delivery and service.
Quality Management System;-

 All units of HITEN Fasteners private Limited has established quality management
systems
 In line with ISO 9001-2000 and the same has been recertified by LRQA. All units
have established planning; manufacturing and quality control departments headed by
experienced, qualified & involved personnel who manage the day-to-day activities.
The units operate round the clock and strive to meet and exceed the customers’
demand on quality and delivery.
 All units at Hosakote, Maddur & Gadag are self-contained units with complete in-
house
 Manufacturing and testing facilities available for manufacture of fasteners. The
Maddur unit has facilities for thread rolling up to M200 and has a 200 tons UTM
which can test full sized bolts up to M56 of 8,8 grade.
 There is a constant interaction with the customers resulting in continuous
development and Improvement. The company’s core strengths include quality, speed,
reliability, dependability and cost. These strengths have enabled the company to retain
and improve the services to its existing customers as well as identify / develop new
customers.

How the system of HITEN FASTENERS work
Plan
Implem
Deliver Quality ent
Check
Fig 3.3
4. STYLE:-
Style is one of the seven levels at which top management can use it to bring an organization
change. The Company follows social type of leadership in which all the level of in charges
interacts with each other and report to higher officials or directors.
 Autocratic leadership
The executive directors communicate with each and every one in the most modest way being
casuals at certain times. Each and every personnel is involved in the success of the company.
The Company also follows autocratic leadership style where all the decisions are taken by the
executives and there is no participation of employees.
The company organizes regular meetings with the members where in the suggestions and
feedback of the members is discussed.

5. SKILLS:-
Skills are ability to work very well and to handle work each work require their own skills no
employee, employer and worker has all skills but they are specialized at some skills so it is
the challenge of organization to utilize that effectively and efficiently in HITEN fasteners
industries. They have not lost a single man day due to internal dispute since inception.
Technical skills
Company is having number of skillful efforts. Technical skills are very important for the
manufacturing department. In the company most of the employees are multi skilled; this
helps company to work smoothly without interruption. The production department in charge
having a positive attributes to motive the workers.
Managerial skills
The senior executives have the ability to engage all work groups in co-ordinate manner,
which helps to achieve the organizational goals. Company has required managerial skills to
the entire department and they have good communicational skills.
Supervisory skills
The executives of the company are professionals and they take the decisions. Supervisory
skills –they control over workers in a particular section. Supervisory are head of the
department control with a particular area.
6.STAFF:
Staff members are helps to run the process and administration activities efficiently. Company
is having technical and non-technical skill staffs working together to achieve the organization
objectives, personnel are selected on the basis of education and experience. Company also
provides induction training to new employees within in 2 month of their induction.
Number of employees – 208
STAFF STRUCTURE
SECTION NO OF EMPLOYEES
Accounts and admin 4
Dispatch 12
Forging 11
Civil work 3
Garden 7
House keeping 6
HDG 10

Heat treatment 9
Induction 9
Machine shop 52
Maintenance 8
Manufacturing 2
Marketing 3
Pantry 1
Planning 2
Purchase 3
QMS & QA 15
RMP 11
Tool room 30
Tailor 1
Trainees 9
Total 208
TABLE
Recruitment of staff:
In HITEN fasteners industry the recruitment activities are currently held by Director Preethi
They had their own selection process and While recruiting them clearly states the
organization rules terms and condition clearly they minimize the problems and conflict which
arises from these aspects.
 All the employees have been trained on the job and today are skilled in their
respective work areas.
 Records of training are maintained.
 All employees appointed as regular employees of the company are permanent
employees and do not have any contract labor.
 For more than 75% of the existing employees, HITEN is the first employer, more than
95% of the employees are with rural back ground.
 For most of the HITEN employees, HITEN is their first home. HITEN sends 5% of its
employees on a foreign trip every year all the ladies working in the company have
travelled by air at least once.
 They encourage employees who live within 2kms around the company premises to
come to work on bicycles.

 HITEN celebrate the birthday of all the employees born in a particular month during
the 2nd and 3rd Saturday of that month. Company is successfully running their 6th year
of celebrations this year.
7. SHARED VALUES:
A shared value is an essential characteristics or attitude encouraged by an organization to

motive the behavior of the employees or members. These values must be explicitly stated as
both corporate objectives are individual values.
 Welfare of the employees.

 To protect the interest of customers.
 Sustainability growth.
Some of the words HITEN considers as good values them are honesty, integrity, hard work,
simplicity, dignity, loyalty, transparency, human rights, patriotism,…..
 PRIDE: The employees feel pride to be the part of the organization because the managing
directors immediately respond to the problem of the employees whenever they are in
problem.
 RESPECT: They respect the customer, subordinates, peers and supervisor, and also
employees respect their customer.
 INTEGRITY: They show highest level of integrity in their work and in company under
all circumstances, they are truthful to the management. They work hard to the up-lift of
the company. They are honest in the work. At HITEN employees strive to live and work
in harmony with dignity, honesty and respect in our excellent society.
 SELF DISCIPLINE: They imbibe and practice of self – discipline in all the daily
activities. The employees are self – controlled in the work. They complete the work
within the given span of time. They have the goodwill power to complete the given work.
All employees of HITEN are humble, loyal, honest, transparent and law abiding.
 MOTIVATION: They always motivate to give the best to the organization Employees are
enthusiast in maintaining the time. They complete their work with good inspired way the
values and beliefs of the company ultimately; they guide employees towards ‘valued’
behavior. They distribute free cycles to motivate employees who continuously commute
to work in cycles as a New Year gift and encourage employee to participate in social
welfare.

PORTER’S FIVE FORCE MODEL
The five forces model was developed by Michael E. Porter to help companies
assess the nature of an industry’s competitiveness and develop corporate
strategies accordingly. The framework allows a business to identify and analyze
the important forces that determine the profitability of an industry.
Through his model, Porter classifies five main competitive forces that
affect any market and all industries. It is these forces that determine how much
competition will exist in a market and consequently the profitability and attractiveness
of this market for a company. Through sound corporate strategies, a company will
aim to shape these forces to its advantage to strengthen the organizations position in
the industry.

 COMPITATIVE RIVALRY :
The intensity of rivalry among competitors in an industry refers to the

extent to which firm within an industry put pressure on one another and limit each other’s
profit potential. High intensity of competitive rivalry can make an industry more competitive
and thus decrease profit potential for the existing firms.
Competitors :
o NEXO Fasteners
o SUNDARAM Fasteners
o SOND Nuts and Bolts
o VENT – ALL Fasteners
o SURECON Fasteners
 THREAT OF SUBSTITUTE PRODUCTS :

Companies are concerned that substitute products or service may
displace their own. The threat of substitution is high when rivals or companies outside
the industry. Offer more attractive and or lower cost products. Buyers then have the
opportunity to make a performance / price trade – off. The cost of switching is also
factor. If it is high the threat of substitution is low.
Through industrial fasteners can not be replaced. The use of
them may be reduced. Therefore, the threat of substitutes is determined to be medium.
 THREAT OF NEW ENTRY :

In Porter’s five forces, threat of new entrants refers to the threat new
competitors pose to existing competitors in an industry. Therefore, a profitable
industry will attract more competitors looking to achieve profits. If it is easy for these
new entrants to enter the market – if entry barriers are low – then this poses a threat
to the firms already competing in that market. More competition – or increased
production capacity without concurrent increase in consumer demand – means less
profit to go around. According to porter’s five forces, threat of new entrants is one of
the forces that shape the competitive structure of an industry. Thus, porters threat of
new entrants definition revolutionized the way people look at competition in an
industry.

New entrants focus on the fabrication of tailor – made products

and sell their products at lower market prices, and on the other hand, barriers of
technology and capital are not high the threat of new entrants is determined to be
high.
 POWER OF SUPPLIERS :
In Porter’s five forces, supplier power refers to the pressure can
exert on businesses by raising prices, lowering quality, or reducing availability of
their products. When analyzing supplier power, you conduct the industry analysis
from the perspective of the industry firms, in this case referred to as the buyers.
According to porter’s five forces industry analysis framework, supplier power, or the
bargaining power of suppliers, is one of the forces that shape the competitive structure
of an industry.
Suppliers, through the control of raw materials sources, acquire dependence of
vendors. Therefore, the threat of substitutes is determined to be medium.
SUPPLIERS
SL NO RAW MATERIALS PLACES

SUPLLIER
1 Arjas Steel Andhra Pradesh
2 Southern Steel Bangalore
3 Bhushan Odessa
4 Ludhiana Steel Punjab
5 Chittra Industries Punjab

 POWER OF BUYER’S :
Porter’s Five Forces of buyer bargaining power refers to the pressure
consumers can exert on business to get them to provide higher quality products. Better
customer service, and lower prices. When analyzing the bargaining power of buyers,
conduct the industry analysis from the perspective of the seller. According to porter’s
five forces industry analysis framework, buyer power is one of the forces that shape
the competitive structure of an industry.
Product differentiation in the market is small and there are
many suppliers to choose from, buyers have a high bargaining margin.
Customers:
SL
Customer Name Supply Details
No
1 Siemens Gamesa Renewable Power Pvt
2 TATA HITACHI CONSTRUCTION MACHINERY

INDIA
3 MMD Heavy Machinery (India) Pvt Ltd
4 Voith Hydro Pvt Ltd
5 EVERSENDAI ENGINEERING QATAR WLL EXPORT - Doha - Qatar

CHAPTER – 4
SWOT ANALYSIS
INTRODUCTION
Business undertakes SWOT study to appreciate the external and internal environment. SWOT
(strength, weakness, opportunity, and threads) also known as SWOT up analysis. Through
such as study, the power and the flaw offered inside an association matches with the
opportunities and threads operate in the environment so that an effective strategy therefore is
the one that capitalize on the opportunities through the use of strength and neutralize the
threats by minimizing the impacts of weakness. SWOT analysis having a identification of
corporations’ distinctive competencies, the particular capabilities and resources that a firm
possesses and the superior in way which they are used.
Fig 4.1

Internal Environments Analysis (Strength and Weakness Analysis):
Each business needs to evaluate its internal strength and weakness periodically. It can do so
by using a form shown in the marketing memo checklist for performing strength/weakness
analysis management or outside consultant, review marketing, financing, administration,
manufacturing and organizational competencies and rates each factor as a major strength
minor strength, minor weakness or major weakness.
External Environment Analysis (Opportunity and Threat Analysis):
In general, a business unit has to monitor key macro environment forces (Demographic
environment, technological, political legal and social cultural and significant micro
environment factors (customers, competitor’s, distributors, dealers, retailers) that affect its
ability to earn profit.
STRENGTH:-
 Flexibility.
 Employee alteration.
 Good quality product.
 Up to date information.
 Make to order.
 Management policies.
 Small number of competitors.
 This company has not seen any litigation from any of the suppliers, customers,
employees.
 This company has a small number of competitors.

WEAKNESS:-.
 High level debt.

 Customer based supply.
 Customer loyalty.
 Single banker.
 Lot of raw materials required for all departments.
OPPORTUNITIES:-
 Identify a new product.

 The company has a right to frame its own policies and procedure.
 Increase in demand for fasteners products.
 Having a more man power (technical and non-technical).
 Company produces quality products, so it’s increases the customer demand.
 Growth of production ability.
 Whatever is produced is exported.
 Company can restructure its own organization structure.
 This company supplies our product for many countries.
THREATS:-
 Changes in technology
 Faster development of rural sector.
 Competition.
 Govt. policies.
 Sometime lack of raw materials for all departments.

CHAPTER-5
ANALYSIS OF FINANCIAL STATEMENT
Introduction:
Ratio analysis is an important and powerful technique or method, generally, used for
analysis of financial statements. Ratios are used as a yardstick for evaluating the financial
condition and performance of a firm. Analysis and interpretation of various accounting
ratios gives a better understanding of financial condition and performance of the firm in a
better manner than the perusal of financial statements.
Uses of ratio analysis:
It is helpful for the management for decision making, formulating of policies and
performance appraisal.
Ratio analysis facilities inter- firm comparison.
Types of ratios:
Following are the some important ratio.
1. Current ratio
2. Quick ratio
3. Net profit ratio
4. Gross profit ratio
5. Inventory turnover ratio
6. Debtor’s turnover ratio
7. Creditor’s turnover ratio
8. Return on total assets

BALANCE SHEET HITEN FASTENERS PVT LTD AS ON 31-03-2017 AND 2018

As at march As at march
PARTICULAR NOTES
31,2018 31,2017
EQUITY AND LIABILITIES
Shareholder's Funds
Share Capital 3 26510000 26510000
Reserve and Surplus 4 162674913 161646520
Total 189184913 188156520
NON CURRENT LIABILITIES

Long Term Borrowings 5 112225619 63486102
Deferred Tax Liabilities (Net) 6 13558574 13752683
Long Term Provisions 7 6469871 4232783
Total 132254064 81471568
CURRENT LIABILITIES
Short Term Borrowings 8 119489514 104727316
Trade Payables 9
Due To Micro, Small And Medium Enterprises 1065604 880465
Due To 0ther Than Micro, Small And
70304452 116166309
Medium Enterprises
Other Current Liabilities 10 75778985 47541817
Short Term Provisions 11 244303 6217298
Grand Total 588321835 545161293
ASSETS
NON-CURRENT ASSETS
Fixed assets:-
Tangible assets 12A 254231503 213826782
Intangible assets 12B 2177169 378179
Capital work in progress-machinery 47395668 56627783
Long term loans and advances 13 15000655 24912200
Total Non- Current Assets 318804994 295744944
CURRENT ASSETS
Inventories 14 135743521 58164729
Trade Receivables 15 97284008 163039309
Cash And Cash Equivalents 16 4545633 4897448
Short Term Loans And Advances 17 31462719 23105551
Other Current Assets 18 480961 209312
Total Current Assets 269516841 249416349
Grand Total 588321835 545161293

Table 5.1

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31-03-2017 and 31-03-2018
Year Year
Particulars Notes ending 31- ending 31-
03-2018 03-2017
RESERVE
Revenue from operations 19 396749734 838212073
other income 20 2289441 984367
Total revenue 399039175 839196440
EXPENSES
Cost of materials consumed 21 178416162 362351923
Changes in inventories of finished goods work-in-progress and 22 -78675656 8392546
stock-in-trade 109
Employee benefits expense 23 109395749 127608532
Finance cost 24 30569718 22430444
Depreciation and amortization expenses 25 22278192 22845906
other expenses 26 136220727 255459046
Total expenses 398204891 799088397
Profit or loss before exceptional items and tax 834284 40108044
PROFIT BEFORE TAX 834284 40108044
TAX EXPENSES
Current tax 295293 10933892
MAT credit entertainment reserved -295293 0
Deferred tax -194109 3608666
PROFIT OR LOSS FOR THE YEAR AFTER TAX Earning
1028393 25565487
Per Equity Share: Face Value ₹10 Each
BASIC AND DILUTED
Significance accounting policy and notes to accounts and other 1,2 to
0.39 9.64
disclosures 28
Table 5.2

COMPARATIVE BALANCE SHEET
Absolute
Particulars 2017 2018 change
%
ASSETS
Current assets
-
Inventories 58164729 135743521 -77578792
133.37%
Trade Receivables 163039309 97284008 65755301 40.33%
Cash And Cash Equivalents 4897448 4545633 351815 7.18%
Short Term Loans And Advances 23105551 31462719 -8357168 -36.17%
-
Other Current Assets 209312 480961 -271649
129.78%
Total Current Assets 249416349 26516841 222899508 89.36%
NON CURRENT ASSETS
Fixed Assets
Tangible Assets 213826782 254231503 -40404721 -18.89%
Intangible Assets 378179 2177169 -1798990 -476%
Capital Work In Progress Machinery 56627783 47395668 9232115 16.30%
Long Term Loans and Advances 24912200 15000655 9911545 397.85%
Total Non- Current Assets 295744944 318804944 -23060000 -7.79%
Total Assets 545161293 588321835 -43160542 -7.91%
LIABILITIES
Current Liabilities 275533205 266882857 8650348 3.14%
Non- Current Liabilities 81471568 132254064 -50782496 -62.33%
Total Liabilities 357004773 399136921 -42132148 -11.80%
SHARE HOLDERS EQUITY

Share Capital 26510000 26510000
Reserves And Surplus 161646520 162674913 -1028393 -0.63%
Total Shareholders’ Equity 188156520 189184913 -1028393 -0.54%
Total Liability And Shareholders’

545161293 588321835 -43160542 -7.92%
Equity
Table 5.3

COMMON SIZE BALANCE SHEET
Particulars 2018 2017

amount(₹) % amount(₹) %
ASSETS
Current Assets
Inventories 135743521 23.07% 58164729 10.67%
Trade Receivables 97284008 16.54% 163039309 29.90%
Cash And Cash Equivalents 4545633 0.77% 4897448 0.89%
Short Term Loans And Advances 31462719 5.35% 23105551 4.23%
Other Current Assets 480961 0.08% 209312 0.04%
Total Current Assets 269516841 45.81% 249416349 45.75%
NON CURRENT ASSETS
Fixed Assets
Tangible Assets 254231503 43.21% 213826782 39.22%
Intangible Assets 2177169 0.18% 378179 0.07%
Capital Work In Progress Machinery 47395668 8.06% 56627783 10.38%
Long Term Loans and Advances 15000655 2.55% 24912200 4.56%
Total Non-Current Assets 318804994 54.19% 295744944 54.20%
Total Assets 588321835 100% 545161293 100%
LIABILITIES
Current Liabilities 266882857 45.34% 275533205 50.54%
Non- Current Liabilities 132254064 22.48% 81471568 14.94%
Total Liabilities 399136921 67.84% 357004773 65.40%
SHARE HOLDERS EQUITY

Share Capital 26510000 4.51% 26510000 4.86%
Reserves And Surplus 162674913 27.65% 161646520 29.60%
Total Shareholders’ Equity 189184913 32% 188156520 35%
Total Liability And Shareholders’

588321835 100% 545161293 100%
Equity
Table 5.4

COMPARATIVE PROFIT AND LOSS ACCOUNT
Particulars 2018 2017 Absolute Change %

RESERVE
Revenue from operations 396749734 838212073 -441462339 -111.27%
other income 2289441 984367 1305074 57.00%
EXPENSES
cost of materials consumed 178416162 362351923 -183935761 103.09%
changes in inventories of
finished goods work-in- -78675656 8392546 -87068202 110.67%
progress and Stock-in-Trade
Employee benefits expense 109395749 127608532 -18212783 -16.65%
Finance cost 30569718 22430444 8139274 26.63%
Depreciation and amortization
22278192 22845906 -567714 -2.55%
expenses
other expenses 136220727 255459046 -119238319 -87.53%
Total expenses 398204891 799088397 -400883506 -100.67%

Profit or loss before
834284 40108044 -39273760 -4707.48%
exceptional items and tax
TAX EXPENSES
Current tax 295293 10933892 -10638599 -3602.73%
MAT credit entertainment
-295293 0 -295293
reserved
Deferred Tax -194109 3608666 -3802775 -1959.09%
PROFIT OR LOSS FOR THE

YEAR AFTER TAX Earning Per
1028393 25565487 -24537094 -2385.96%
Equity Share: Face Value ₹ 10
Each
BASIC AND DILUTED
significance accounting
policy and notes to accounts 0.39 9.64
and other disclosures
Table 5.5

COMMON SIZE PROFIT AND LOSS ACCOUNT
Year
Year ending
Particulars ending % %
31-03-2017
31-03-2018
RESERVE
Revenue from operations 396749734 100% 838212073 100%
other income 2289441 0.58% 984367 0.13%
Total revenue 399039175 100% 839196440 100%
EXPENSES
44.71 61.80
Cost of materials consumed 178416162 362351923
% %
-
Changes in inventories of finished goods
-78675656 19.72 8392546 0.28%
work-in-progress and stock-in-trade
%
27.41 12.30
Employee benefits expense 109395749 127608532
% %
Finance cost 30569718 7.66% 22430444 2.40%
Depreciation and amortization expenses 22278192 5.58% 22845906 3.70%

34.14 15.10
other expenses 136220727 255459046
% %
99.80 95.70
Total expenses 398204891 799088397
% %
Profit or loss before exceptional items

834284 0.21% 40108044 4.36%
and tax
TAX EXPENSES
Current tax 295293 0.07% 10933892 1.60%
-
MAT credit entertainment reserved -295293 0 0.19%
0.07%
Deferred tax -194109 0.05% 3608666 0.25%

PROFIT OR LOSS FOR THE

0.26 2.77
YEAR AFTER TAX Earning Per 1028393 25565487
% %
Equity Share: Face Value Rs 10 Each
BASIC AND DILUTED
Significance accounting policy and

0.39 9.64
notes to accounts and other disclosures
Table 5.6
THE COMMON SIZE STATEMENT OF THE BALANCE SHEET SHOWS THAT,
 The share capital in the year 2017 is 4.86% and in the year 2018 4.51% respectively of
the total equity and liabilities.
 The reserve and surplus in the year 2017-2018 is 29.60% and 27.65%respectively of the
total equity and liabilities.
 The non- current liabilities in the year 2017 and 2018 are 65.40% and 67.84%
respectively of the total equity and liabilities.
 The current liabilities in the year 2017 and 2018 are 50.54% and 45.34% respectively of
the total equity and liabilities.
 The non- current assets in the year 2017 and 2018 are 54.20% and 54.19% respectively of
the total equity and assets.
 The current assets in the year 2017 and 2018 are 45.75% and 45.81% respectively of the
total equity and assets.
AS PER COMPARATIVE ANALYSIS OF BALANCE SHEET OF THE YEAR
2016-2017 THE FOLLOWING CAN BE INFERRED,
 Share capital and reserve and surplus have been decreased by (0.54%) respectively in the
year 2017 is compared in the year 2018.
 Total non-current liabilities have been decreased by (62.33%) in the year 2017 is
compared in the year 2018.
 Total current liabilities have been increased by 3.14% in the year 2017 is compared in the
year 2018.
 Total non-current assets have been decreased by (7.79%) in the year 2017 is compared in
the year 2018.
 Total current assets have been increased by 89.36% in the year 2017 is compared in the
year 2018.

RATIOS
a) CALCULATION OF LIQUIDITY RATIOS:
1) CURRENT RATIO:
Current Ratio 2018= Current Assets / Current Liabilities
= 249416349 / 266882857
=1.009
Current Ratio 2017= Current Assets/Current Liabilities
= 249416349 / 275533205
=0.90
Interpretation: The current ratio standard is 2:1. The company has less than the standard
current ratio in both the years that is 1.009 & 0.90 in 2017 & 2018. Comparing to these two years in
2018 the current ratio is higher. The conclusion is that concern does not have sufficient liquidity, the
firm is technically insolvent.
2. QUICK RATIO:
Quick Ratio 2018= Quick Assets / Quick Liabilities
= 269516841-135743521 / 266882857
= 0.50
Quick Ratio 2017 = Quick Assets / Quick Liabilities
=249416349-58164729 / 275533205
=0.69
Interpretation: The quick ratio has to be compared with the standard of 1:1. If the quick
ratio is equal to or more than the standard then the company will be liquid so that it can pay
its short term liabilities. If the ratio is less than the standard then it is not liquid to pay its
liabilities.
The company has less than the standard in both the year that is 0.69 & 0.50 in 2017& 2018 so
that it is not liquid.
b). CALCULATION OF SOLVENCY RATIO:
1) DEBT EQUITY RATIO

Debt Equity Ratio 2018= Debt / Equity
= 112225619 / 162674913
= 0.68:1
Debt Equity Ratio 2017= Debt / Equity
= 63486102 / 188156520
= 0.33:1

Interpretation: For every one rupee of equity the company has a debt of only 33paise or
0.33 in 2017 and 68paise or 0.68 in 2018 the ideal ratio is 2:1 so company has low leverage.
2) CALCULATION OF PROPRIETARY RATIO:
Proprietary Ratio 2018= Shareholder’s Fund / Total Fixed Assets
= 162674913 / 318804994
= 0.51:1
Proprietary Ratio 2017= Net Worth / Total Fixed Assets
= 188156520 / 295744944
= 0.63:1
Interpretation: Proprietary ratio in the year 2017 values is 0.63:1 and the year 2018 values is
0.51:1 Comparing to these two years in 2017 the proprietary ratio is higher than 2018. The
proprietary ratio for both the year is less than 1, the entire fixed assets are financed not only
by equity but also debt.
c) CALCULATION OF PROFITABILITY RATIOS:
1) Gross Profit Ratio:
Gross Profit Ratio 2018 = Gross Profit / Net Sales * 100
= 343569013 / 396749734 * 100
= 86.59%
Gross Profit Ratio 2017 = Gross Profit / Net Sales * 100
= 467467604 / 838212073 * 100
= 55.76%
Interpretation: For every one rupee of sales the company earns a gross profit of 86 paise in
2018 and 55 paise in 2017.
2) OPERATING RATIO:
Operating Ratio 2018 = Total Cost Of Operation / Net Sales * 100
= 451385612 / 396749734*100
= 113.77%
Operating Ratio 2017 = Total Cost Of Operation / Net Sales * 100
= 776657953 / 838212073 * 100
= 92.65%
Interpretation: For every 1 rupee of earnings the company has to incur 113 paise in 2018
and 92 paise in 2017 has operating profit.

3) Net Profit Ratio:

Net Profit Ratio 2018 = Net Profit / Net Sales * 100
= 1028393 /396749734* 100
= 0.26%
Net Profit Ratio 2017 = Net Profit / Net Sales * 100
= 25565487 / 838212073 *100
= 3.05%
Interpretation: For every one rupee of revenue sales the company is able to earn the net
profit in 2018 0.26 paise and in 2017 3 paise there is 2 paise decrease in net profit from 2017
to 2018.
4) Return on Investment Ratio:
Return on Investment Ratio 2018 = EBIT / Capital Employed *100
= 834284 / 321438978*100
= 0.26%
Return on Investment Ratio 2017 = EBIT / Capital Employed *100
= 40108044 / 251642622*100
= 15.9%
Interpretation: For every 1 rupee of earnings the company has to incur 0.26 paise in 2018
and 15 paise in 2017 has Return on Investment Ratio.
5) Return on Equity:
Return on Equity 2018 = Net Profit / Equity Share Holders Funds* 100
= 1028393 / 189184913* 100
= 0.54%
Return on Equity 2017 = Net Profit / Equity Share Holders Funds* 100
= 25565487 / 188156520* 100
= 13.58%
Interpretation: In the year 2017 and 2018for every rupees invested by equity share
holders earn a returns of 13paise and 0.54paise.

D) CALCULATION OF TURNOVER RATIOS:

1) Stock Turnover Ratio
Stock Turnover Ratio 2018 = Cost Of Sales / Average Stock
= 396749734 / 777243685
= 0.51
Stock Turnover Ratio 2017 = Cost Of Sales / Average Stock
= 370744469 / 58164729
= 6.37
Interpretation: For every one rupee in fixed assets is able to produce in the year 2018 53
days and in 2017 57 days sales this indicates not at all moving inventory.
2) Debtors Turnover Ratios:
Debtors Turnover Ratio 2018 = credit Sales / Average Debtors
= 396749734 / 97284008
= 4.07
Debtors Turnover Ratio 2017 = credit Sales / Average Debtors
= 838212073 / 163039309
= 5.14
Interpretation: Debtors turnover ratio is 5.14 in the year 2017 and in 4.07 in the year 2018
compare to this two year 2017 is greater so it shows the company is lenient in collecting
debtors.
3) Fixed Assets Turnover Ratio:
Fixed Asset Turnover Ratio 2018 = Net Sales / Fixed Assets
= 396749734 / 318804994
= 1.24
Fixed Asset Turnover Ratio 2017 = Net Sales / Fixed Assets
= 838212073 / 295744944
= 2.83
Interpretation: For every one rupee invested in fixed assets the amount of sales generated is
2.83 in 2017 and 1.24 in 2018.

CHAPTER VI
LEARNING EXPERIENCE
Learning experience:
HITEN FASTENERS PRIVATE LIMITED. The company established in 1993 at

Somanahalli industrial area Maddur, Mandya District, and Karnataka. The company is a
lending professionally managed private limited company engaged in production of
engineering& fasteners products (nut, bolts, washers, studs, screws etc). My over all
experience in the company was very happy. The response and support got from the
management and staff and appreciate MRS. Prithi Saikumar, Director and who guided me
in this internship training and who helped me in the study of overall department works. The
atmosphere and working condition were encouraging the employees in the company
the company hr manager helped me to understand the working culture of the organization I
learned about managing. the practical perspective and I learnt about organization as to highly
useful training for me in the company.
It was a great experience where I learnt many things about the Quality Management System
(QMS the particular objectives, the product produced, size and structure of the organization
etc.,
I have knowledge about the organization background, nature of the business, vision, mission
and quality policy, product and service profile, ownership pattern, achievements/awards,
future growth and prospects, Mckensy’s 7s framework of this organization, SWOT analysis,
analysis of financial statement, departmental work etc.
When I was at the company for four weeks I have collect all type of needs information.
From the workers of the organization.
The main objective of internship is to get the practical exposure of the functional department
of the organization such as marketing, human resources and production department.
The exposure in Hiten Fasteners Company has made it clear how the current assets and
Liabilities are managed effectively. and make high profit. A part from this knowledge about
the project, understood the aspects of delegation of authority, responsibility, coordination and
team work.

As a student I have enter. The practical knowledge give me a chance to explore the other
possibility. I Must of my time visited various depts. In the factory. Interacting with people
and during internship fully knowledgeable.
I was able to understand the different tactics of the company to attract and retain the
customers. I had interaction with the each of the department’s heads and I came to know the
real situations duties, responsibilities and function of the departments. I was introduced to the
methodology and the work culture of every department.
Finance Department covers a wide range of activity which starts up with the basic recording
of financial transaction to risk forecasting with respect to monetary transactions. Accounts
Department mainly Looks after the numerical transactions of the company and is involved in
recording of receipts and payments on daily note and also on periodical basis.
Production Management is one of the basic function of the company manufacturing sector’s
main investment is on purchase of raw material and effective working on the cost reduction.
It was a wonderful experience I received from the internship.

BIBILOGRAPHY
 HITEN FASTENERS Journals, company, financial statements, company records.

 “Financial management”-PRASANNA CHANDRA, 7th edition, page No-519-521, Tata
MC Grow-hill New Delhi
 “Human resource management”- ASWATHAPPA, 4th edition, page No.2-10, Hill
publishing company ltd. New Delhi.
 “Strategic management”- VSP RAO, 1stedition, page No- 325-336.
 “Organization behavior” STEPHEN.P.ROBBINS, 15th edition, page No.213-222,
Pearson.
 “Human resource management”- ASWATHAPPA, 4th edition, page No.3-8
WEBSITES
 www.hitenfasteners.com
 http://wikipedia.com
 http://m.indiamart.com-hiten

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HITEN FASTENERS PVT LTD.

INTRODUCTION ABOUT INTERNSHIP

Internship means knowing and getting experience of organizational activity. In generally

 Developing personally and professionally while gaining confidence and real-world

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 The organization receives significant assistance as a result of the internships.

The industry is a strongly tied to the production of Automobiles, Aircraft, agricultural

When selecting a fastener for industrial applications, it is important to consider a variety of

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Name of the industry HITEN FASTENERS PVT LTD.

Year of establishment 1983

Constitution Private limited

Location Somnahalli industrial area Maddur Taluk,

Registration 80 01 25366 dated 17-04-1986

Bank State Bank Of India

Certificates ISO 9001,ISO 2000

Availability Of Communication Facility Telephone, Email, Internet, printer.

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To overcome the difficulties encountered from non-availability of timely quality

Company exports fasteners to:-

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Sales Areas 2018-19 (Cr)

Other Segment,Other Expor2.16

Wind Mill, 42.76

Metro India, 26.53

Windmill Metro India Metro Export Others Segment Other Export

The following are the important nature of HITEN FASTENERS PRIVATE

 Buying and selling

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Buying and selling:

Size of the company:

Vision and mission, quality policy

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 To maintain and manage Employee satisfaction Index on Daily Basis.

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We are committed to manufacture of HIGH TENSILE FASTENERS and components as per

This will be achieved by:-

We are committed to implement, maintain continually improve our environmental

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Fig 2.5 NUTS

Fig 2.6 BOLTS

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Fig 2.7 STUDS

Ux Fig 2.8 SCREWS

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Fig 2.9 WASHERS

HITEN is a private limited company.

Mrs.Bhanumathi Saikumar 5.42%

Mrs.Premalatha Sharma 6.04%

Sri.Jitendrakumar Sharma 6.50%

Rajendra Prasad Sharma 6.46%

Karnataka OEM & Spares Pvt ltd 14.33%

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FUTURE GROWTH AND PROSPECTS:-

 The company is striving to achieve the EMS (Environment management system)

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MILD STEEL ROD

HEAT TRETMENT (8000C-9000C)

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