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Meghana Precitech PVT LTD Project
Meghana Precitech PVT LTD Project
BANGALORE UNIVERSITY
Prof. THEJASVINI CK
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MEGHANA PRECITECH PVT LTD
DECLARATION
We, JITHIN K ANDREWS and PAUL G MATHEW of 2st sem MBA ‘B’sec
hereby declared that the project report entitled about the “MEGHANA
PRECITECH PVT LTD” prepared by us under the guidance of Prof
THEJASVINI CK, faculty of MBA Department, East West College of
Management . We also declare that this project work is toward the partial
fulfilment by the Department of MBA. We have undergone a project for the period
of 15 days. We further declare that this project is based on the original study
undertaken by ourselfs.
Place: Bangalore
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MEGHANA PRECITECH PVT LTD
ACKNOWLEDGEMENT
We would like to thank our lecturers who have helped and supported us while
doing our Project report and work.
There is not enough word to offer vote of thanks to our Prof Sandya Mam, Head of
the Department of MBA, East West college of Management Bangalore for his help
in initiating the project report in advance for the regular motivation, our guides
Prof. THEJASVINI CK faculty of MBA Department, East West College of
Management Bangalore, for their admirable help, suggestions and opinions on the
contribution during and after the project report. We would also like to thank all the
faculties of MBA Department for all the support and guidance.
Place: Bangalore
Date:
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MEGHANA PRECITECH PVT LTD
TABLE OF CONTENTS
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INTRODUCTION
Organisational functioning is an important factor for any organization to achieve the desired
goals and objectives. This requires co-ordination at all levels to smooth functioning. This
report aims to understand the functions of El-Heat Ceramic Engineering Pvt.Ltd relation to
different departments.
An organisation is a social arrangement which pursues collective goals,which control its own
performance, and which has boundary separating it from its environment. Organisation is
the association formed by a group of people who see that there are benefits available from
working together towards some common goal.
Organisation studies are the study of individual and group dynamics in an organizational setting
as well as the nature of organization themselves whenever people interact in organization, many
factors come in to play. Organisational studies attempt to understand and model these factors.
Organisational study is very essential for MBA graduates as it help us to connect theory with
practice.
Organisational study refers to the study of organisation as a whole and getting adequate
knowledge with various departments in the organisation. The study was carried out at El-Heat
Ceramic Engineering Pvt.Ltd, Banglore. This study is based on the different aspects and
dimensions of different departments of the company.
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INDUSTRY PROFILE
MANUFACTURING INDUSTRY
Manufacturing industries appeared with the event of mechanical and financial changes in the
Western nations in the eighteenth nineteenth century. This was generally known as mechanical
unrest. It started in Britain and supplanted the work serious material generation with
motorization and utilization of powers.
Producing industry implies those endeavors which incorporate into the amassing and get ready of
things and appreciate either development of new things or in regard extension. The assembling
business speaks to a basic offer of the present day division in made countries. The last things can
either fill in as a finished helpful accessible to be acquired to customers or as midway stock used
as a piece of the era methodology
Manufacturing industries are essential for an economy as they utilize a huge share of the
work make and deliver materials required by divisions of key significance, for example,
national foundation and barrier. On the other hand, not all manufacturing businesses are
gainful to the country as some of them produce negative externalities with vast social
expenses. The cost of giving such businesses a chance to prosper may even better the
advantages produced by them.
After introducing eco-friendly environment system, the industry adopted quite a few
measures to guarantee that manufacturing industry irresponsible to abide by the
ecofriendly system. Manufacturing industry in the world has major role in defense sector
of country. By assembling air planes that assume crucial part in nation‟s defence sector
Other ventures in assembling division fabricate items which are basic in our day to day lives. As
to the GDP, world assembling industry adds to the worldwide economy and also the worldwide
GDP.
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The progressing changes in the structure of the modern area of created economies
contrast by their preference from those which happen in creating nations. These
progressions likewise vary by speed and nature because of areas' size. The execution of
new advances and other logical and specialized advance Accomplishments in the
generation procedure, the increase in productivity and quality markers of creation in
various nations precisely reflected changes of branch structure of assembling industry on
the world. Numerous new ventures were shaped (bio-industry, make of laser innovation,
present day medication what's more, microbiological medications, and so on.).
Mechanical developments brought forth microelectronics. Therewith some very much
characterized adjustment and even a slight decrease under way in "customary" businesses
of created nations were watched (creation of sustenance and drinks, materials, essential
metals, chemicals what's more, compound items). The most elevated development rates
were seen under way of methods for correspondence (radio, TV and interchanges
equipments), PC and office hardware, electrical equipments.
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MICRO SCENARIO OF
MANUFACTURING INDUSTRY
Manufacturing industry in India is a remarkable supporter in India's economy. India is
one of the main industrialized countries on the world. It is because of the improvement of
Indian businesses that India has turned into a creating country from an immature country.
The assembling division is viewed as the foundation of any economy. Businesses can be
characterized into two principle sorts on the premise of their structure.
They are manufacturing industry, which incorporates substantial and light enterprises,
and little scale and cottage industry. The manufacturing industry contributes hugely to the
economy of India. Modern advancement prompts an expansion in business openings.
Subsequently, the per capita wage of the general population increments. Additionally,
inordinate reliance on farming division is decreased by the business openings in the
auxiliary and tertiary parts of the economy.
The agriculture related industries place a massive demand on agricultural raw materials.
Thus, advancement in agro-based industries also promotes agricultural development in
India.
The interest for talented work in the tertiary division, for example, banking sector,
education department, transport and correspondence is firmly identified with financial
improvement because of industrialization. Territorial improvement is empowered by the
destruction of poverty and unemployment. Modern improvement gives business
openings. Mechanical towns and urban areas move toward becoming exchange focuses.
The industrial products are items of foreign trade. This generates a higher income from
exporting our industrial products and earning foreign exchange.
The items utilized as a part of the defence sector of a nation are produced in the nation
itself. In India, a substantial piece of mechanical advancement is upheld by the requests
from the barrier division.
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COMPANY PROFILE
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NATURE OF BUSINESS
The nature of furnaces business of MEGHANA PRECITECH PVT LTD is
designing, manufacturing and supplying efficiently and effectively Industrial in CNG
turning& machining components labour Charges of Commercial Heat Treatment to
customers including export. The Heat treatment process is used for heat treatment of auto
components. By doing heat treatment process the auto parts become strengthen to
withstand the load speed etc. The main product line at the time was refractory metal coils
(molybdenum and tungsten) used in the lighting and the electronics industry. Began
MEGHANA PRECITECH PVT LTD manufacturing ceramic in order to produce the
coils and over time the manufacture of high temperature laboratory and production
ceramic became ELHEAT CERAMIC ENGINEERING PVT LTD‟s primary product.
MEGHANA PRECITECH PVT LTD ceramic has made two key decisions in its history
that define its products: we decided to keep all our design and manufacturing in
the Bangalore where we can ensure tight quality control; and we kept our focus on the
technical performance and quality of our components despite the onslaught of cheap, low
quality imported lab furnaces, often repackaged and sold by Bangalore companies as
their own.
Their strategy has paid off and over our 7 years in business, the MEGHANA
PRECITECH PVT LTD ceramic brand has established itself as the “Cadillac
manufacturer” of lab furnaces for serious scientific research and batch and continuous
ceramics for production work. All of our ceramics provide advanced features and a
design mindset making them quality stand outs among all lab ceramic manufactured
today. When you choose our ceramics it‟s because quality, accuracy, performance, low
maintenance, reliability, and a low lifetime cost of ownership matter to you.
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AREA OF OPERATION
MEGHANA PRECITECH
#B-49,2nd cross ,10th main ,3rd stage ,peenya industrial estate
Bangalore -560058,India
Phone : +97-8041172124
Cell: +91-9880033958
Email : meghanaprechitech@gmail.com
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SWOT ANALYSIS
STRENGTH
Production capabilities
Precision capabi;ities
ISO 9007:2008 Certification
Healthy customer relation and satisfy to customer needs
Ability to negotiate on bulk purchase
Skilled work force
Years of experience in the market
WEAKNESS
Require of attentiveness regarding web designing, web promotion & other web
services
employeeturn over
Lack of covering Indian market
OPPORTUNITY
Expand distribution network to other parts of the country
Expansion of product line
Setting up modern infrastructure facility
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THREATS
Slow take up of technology
Lack of support throughout the industry from supply chain and other industry
stakeholders
Face tough competition from its competitors
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Product profile
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COMPETITORS
OMEGA INDUSTRIES
INDORE REFRACTORIES
AGNI HITECH REFRACTORIES
OMEGA INDUSTRIES
OMEGA INDUSTRIES was set up in the year 1993 by experienced technocrats in the
field
of plan and assembling of Power hardware, control building and mechanization items
including electrical, High Voltage and current rectifiers, Power Semiconductors, PLC
control, SCADA, AC/DC drive and movement control innovation. We put stock in
offering
complete mechanical computerization arrangements from an idea to dispatching
premise and through its effective organizations with worldwide robotization framework
Multinational organizations. We have obtained the essential innovation, experience and
information in creating and charging process control and robotization frameworks for
the host of the present day mechanical mechanization necessities.
INDORE REFRACTORIES
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Agni Hi-tech Refractories was enlisted at Bangalore on 23 January, 2007.. Agni Hi-tech
Refractories Private Limited enlisted address on record is No 3328/an Iii Block, Iii Floor
Janapriya Heights Mallasandra Bangalore Karnataka India 560057, Bangalore - 560057,
Karnataka, India.
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Elheat ceramic engineering providing donation to the charitable trust situated in the
locality.They contribute certain amount of money from their profit for the charitable
work.
Nowadays unemployment becomes the major problems of the society Elheat ceramic
engineering provide job opportunity to the people according to their capacity.
Elheat ceramic engineering manufactures their product with aeco friendly manufacturing
unit. Products are made from sustainable materials, while waste is reduced through re-
manufacturing and re users
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ORGANISATION STRUCTURE
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Finance department
Finance is the science of fund management . the general area of
finance are business and public finance . finance is today
recognized as the life blood of the business . it also deals with how
money is spend and budgeted. They cannot imagine business
without money. It is the central point of all business activities
,regardless of the type of the org , govt ,business,education ,health.
Finance function is equally important for profit and non profit
organization.
The importance of finance need not be over emphasized. The
growth and expansation of the business is not possible without
sufficient funds.
The financial position of the “.MEGHANA PRECITECH
PVT LTD”. Is good because of their well-equipped finance and
administration dept. Finance management is the process of
planning, organizing, direction & controlling the finance activity.
The two function of finance dept are finance and accounting
Functions of finance department
Preparation and maintenance of accounts and record.
Recording of bank transaction like cash withdrawal, maintain
detail of check payments etc.
Maintenance of commercial account, income tax etc.
Payment of company bills like telephone, electricity and
monthly returns of professionals tax, sales tax, and CST and
VAT.
Preparation of budget.
Fixed assets registration maintenance
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Salary preparation
Allocation of bonus, PF etc
Records maintained
Cash book
Bank book
Journal
General ledger
Asset ledger
Purchase journal, sales day book, creditors ledger
Sales register
Subsidiary register like TA advance, salary advance
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PRODUCTION DEPARTMENT
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MATERIALS USED
STEAL
STAINLESS STEAL
ALUMINUM
ALLOYS
COPPER
INCONEL
TITANIUM
ENGINEERING SECTORS
AUTOMOTIVE
HYDROLIC & PNEUMATIC
ELECTRONIC
MEDICAL
DEFENCE
OPTICAL
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Production process
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MARKETING DEPARTMENT
According to Philip Kotler marketing is defined as” human activity directed
at saatsifing the needs and wants theough exchange involve sellers ,
searching buyers , satisfying their want and making relevant produt
promoting and strong transporting and functional area of business for the
flow of the goods and services from the producer to the consumer it helps to
plan and develop products on the basis of known consumer needs
After production the products are being sold in the market according the
orders taken by the marketing dept . the marketing dept studies the market
and the target consumer and decides the best way to reach their customers ,
and works with the rest of the company to help determine the new product
needs of the market. The company do continue market research which helps
them in planning and executing the new marketing strategies for the future
course of action also helps the company to analyze the buyer habits,
popularity of products and effectiveness of the advertisement media . it also
helps in collecting information regarding marketing problems and
opportunities
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Channel of distribution
As the company is producing industrial goods their channel of
distributers is limited to an extend .there customers use their
product as raw material . the customers of these goods are
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FUNCTIONS OF HRD
Man power planning
It involves the planning for the future and finding out how many employees
will be needed in the future by the business and what types of skills man
power planning should they possess.
A job analysis is the process used to collect information about the duties,
responsibilities, necessary skills, outcomes, and work environment of a
particular job.
One of the most important jobs HR departments is to recruit the best people
for the organization. This is of crucial importance as the success of any
organization depends on the quality of its work force. Details regarding the
recruitment and selection procedure can be found here
Performance appraisal
Ones the employees are recruited, the HR dept has to review their
performance on a regular basis through proper performance appraisals.
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RECRUITMENT PROCESS
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Scrutiny of application
Preliminary interview
Blank application form
Interview
Checking reference
Medical examination
Final selection
Tests
Trade test
performance test
psychological test
Working time
Office staff: 9am-6pm
Safety measures: The measures used by the company to protect the worker
from accidents are
Gloves
Goggles
Apparent shoes
Mask
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FINDINGS
provided to them.
for employees.
the employees.
power shortage.
bulk orders.
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SUGGESTIONS
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CONCLUSION
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BIBLIOGRAPHY
Mail id
meghanaprecitech@gmai.com
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