Professional Documents
Culture Documents
HELMET
PREPARED BY
SY. BBA(SEM-4) 23
0102012036 2021-22
GUIDED BY
PROF. HARESH VAISHNANI
COLLAGE
SUBMITTED TO
Saurashtra University
1
DECLARATION
2
ACKNOWLEDGEMENT
3
PREFACE
Thus practical training helps individuals to know the actual uses and impaction of
what he has gained from theoretical knowledge.
The objective behind this project is to develop entrepreneur skill. I have tried to
collect all the necessary information and had tried to prepare this report with the
best of my knowledge and ability.
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INDEX
SR. PAGE
No TITLE No.
1. GENERAL INFORMATION 8
2. PRODUCTION DEPARTMENT 10
Introduction
Machinery
Raw-materials
Production process
Production capacity
3. MARKETING DEPARTMENT 23
Introduction
Marketing planning
Product strategies
Pricing strategies
5
Distribution strategies
Promotion strategies
4. FINANCE DEPARTMENT 32
Introduction
Financial Arrangement
Profitability of a project
Interest
Depreciation
Administrative expanses
6
Introduction
Selection
Employee welfare
6. PROJECT SUMMARY 47
7
1.GENERAL INFORMATION
PROJECT AT GLANCE
PVT.LTD
8
NAME OF THE PRODUCT : HELMET
OF THE UNIT :
Ring road,
Rajkot-360003
OWNER’S BIO-DATA
Ring road.
Rajkot-360003
AGE : 20 Years
DEGREE : B.B.A.
9
CONTRIBUTION : 50%
2.PRODUCTION DEPARTMENT
Introduction
The production department is the driving force turning the wheels of every
manufacturing company. A Company may have best of the resources and forces
but all these are meaningless without production which gives shape to an
organization.
10
The main role of production is to turn inputs (raw materials) into outputs (finished
goods). Outputs refer to a finished product or service and inputs are the materials
that are needed to manufacture certain goods.
When a business completes this process they are able to achieve customer
satisfaction by producing products that are ready to be used and fit for purpose.
The production department is responsible for ensuring quality is achieved in each
item produced.
They will need to carry out inspections and implement suitable quality initiatives.
This is one of the major duties of this department because if mistakes are made on
products, customer satisfaction will be decreased or if products are ruined during
the production process it means that the company will have to throw "bad"
products away (creating waste).
Both aspects will lead the company to a loss of profit. Quality assurance will have
to be carried out everyday on a number of occasions to ensure that the production
process is working efficiently and effectively. For example Coca-cola will carry
out approximately 200 inspections per day to ensure quality is being achieved and
also to make sure all equipment is running well.
Machinery
Most of FCS clients are using (HN series) servo energy-saving injection molding
machine or (FB-R series) rotary table two-component injection molding machine
to produce various single or double shot of helmets. The machines are equipped
screws special for PC or ABS, and with the clamping force from 250 tonf to 750
tonf,
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Raw-materials
The major component or major input, which is inevitable part of any production
process, is availability of raw material. Availability of raw material at proper time, at
reasonable rate, in right quality and quantity, etc.
directly affects the price of the final product. If the supply of raw material is not
regular, it may lead to frequent stoppage in production process.
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FIBER GLASS
While fiberglass materials are basically inexpensive, they are easily molded
into a form that makes them lightweight and strong. Fans of the material
appreciate how well fiberglass can achieve the difficult task of combining
flexibility and hardness.
CARBON FIBER
Because of the unique way carbon atoms align and bond together along fibers
in a crystal formation, a naturally-occurring high-strength bond forms.
When thousands of these high-strength fibers are woven together and combined
with plastic resin and other aramid type fibers, that fabric is known as
reinforced "carbon fiber" material.
Carbon fiber has the benefits of being extremely strong and extremely
lightweight. It also offers high tensile strength and excellent compression
strength. A helmet shell embodying these characteristics will offer an
extremely high level of shock deflection – without breaking.
With this deflection comes a more evenly-spread out impact force across the
helmet, allowing more of the Styrofoam inner layer to do its job.
Often, carbon fiber helmets include some amount of Kevlar mixed into the
weave to boost strength. Unless indicated otherwise, a carbon fiber helmet will
be made mostly of carbon fiber material.
Because carbon fiber helmets can effectively absorb shocks that would
fragment a lesser helmet, carbon fiber offers an extremely high level of
protection against helmet failure and head injury at the higher speeds involved
in motorcycle racing. This durability is also beneficial if a carbon fiber helmet
is accidently dropped, because it will be more resistant to scratches and cracks.
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KEVLAR
THERMOPLASTIC
PRODUCTION PROCESS
Liners
The liner is the most important part of the helmet, the foam layer where the
energy of the crash is managed.
Bicycle helmet liners are mostly molded in Expanded Polystyrene (EPS) foam.
For the cheaper helmets that make up the largest part of sales in the US market,
the techniques are standard ones used in the industry's "foam shops" for making
all sorts of EPS parts.
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Granules of EPS known as "bead" are placed in a mold and expanded with
steam and pressure into the familiar picnic cooler foam. Although this is mostly
done in China now, there are several European manufacturers and one large US
company making several million helmets per year in Rantoul, Illinois, in
facilities sold to them by Bell.
Still within the EPS world, the top end helmets require internal reinforcement,
usually to open up larger vents, and the techniques for including the
reinforcements in the mold and getting them to line up correctly are critical to
the manufacturing process.
Those techniques are proprietary secrets. Manufacturers use a variety of
materials such as nylon, polypropylene or even metal or metal mesh for
reinforcement. The first bicycle helmet to use this technique was the ProTec
Mirage, a late 1980's model, and it used a nylon mesh. The reinforcement is
normally buried in the foam and the user may not even be aware that it is there,
but it is essential to keep the models with larger vents from splitting on impact.
The use of mesh reinforcement should not be confused with the European
practice of providing bug net in the front vents, since many of those nets are
simply thin fabric mesh adding no strength.
EPS can be made in layers with different densities to tune impact management,
permitting softer layers to crush in lesser impacts and harder layers to handle
the really bad hits. In some cases the density is varied around vents or certain
areas of the helmet to permit the helmet to meet impact standards while
thinning the liner.
Shells
The shell for inexpensive helmets is just stamped PET (the material used for
bottled water containers) or a similar plastic. It is usually glued onto the liner,
then taped around the edge for appearance, although some use no glue and
others have no tape.
For more expensive helmets the shell is included in the mold when the liner is
expanded from the bead, and must therefore be polycarbonate or another higher
quality plastic that can take the heat of the mold (PET would melt). Really
sophisticated techniques can add more than one shell section to the mold, and
up to five pieces can provide shell protection for the lower section of a helmet,
or even the interior.
In this case no glue is necessary, since the shell is bonded to the liner in the
mold. This technique could yield stronger helmets, but the designers use it to
open up larger and larger vents and reduce the foam, eventually just meeting
the current impact standard. We have a page up on molded-in-the-shell helmets.
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Skate-style helmets and a few bicycle-style helmets have hard shells made of
ABS or polycarbonate plastic. BMX helmets (and a few older bicycle helmets)
can have composite hard shells, with layers of fiberglass or even kevlar fiber
laid up in an epoxy. ABS is molded, but Fiberglass shells are generally laid up
by hand.
Straps
Helmet straps are generally made of nylon or polypropylene. They all look
similar, but vary considerably in fabric, surface finish, weave and other subtle
characteristics. For helmets with glued-on shells they are added to the liner
before the shell is glued on, and usually run across the top of the liner, covered
by the shell, or occasionally over the top of the shell.
This is not possible when a helmet is molded in the shell, since the heat of the
molding process would damage the webbing. Straps are added to the helmet
after it comes out of the mold, usually with a more sophisticated anchor that
sits on top of the helmet shell after the strap is threaded through. Helmets with
hard shells usually have the straps riveted or otherwise attached to the shell.
Attached to the rear of most middle to high-end helmets is an occipital
stabilizer, varying from just a strap to a complex plastic piece, that engages the
occipital lobe of the head (the lump on the back of the head). These can have
many forms of adjustment, including knobs, cams, toothed sliders and more.
The buckle is the last major piece of the helmet, and it is added when the straps
are installed. Most current bike helmet buckles are plastic or nylon buckles of
the Fastex type (a trademarked ITW/Nexus brand) with side pinch release.
Some BMX helmets use a motorcycle-style D-ring buckle, requiring the user to
thread the strap end through two D-shaped metal rings.
Interior
Bike helmets made with the ring fit system are fitted with an adjustable ring of
some kind inside. Those with fitting pads usually get hook-and-loop mounts
glued in, then the pads are added. Some cheap helmets have the pads glued
directly to the interior of the liner. A few have an interior cloth or plastic liner
applied. BMX helmets made in the motorcycle style often have more
complicated full interior liners that can be removed for cleaning.
Assembly
Assembling the parts is the next step. This is normally hand labor, and for cost
reasons probably well over half of the world's bicycle helmets are made in
China or other Asian countries. At least 4 million are still assembled in the US,
and an unknown number in Europe, due to high shipping costs from Asia. As
noted above, the shell may be glued or not, and taped around the edge or not.
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Finish
Accessories
SAFE DRIVE PVT.LTD started at the EPS helmet liner production line. EPS,
or expanded polystyrene, is the current protective layer of choice for
motorcycle helmets for several reasons. Three of those reasons are It's cheap,
it's light and it works.
Amazingly, the material that keeps beer and body parts cold is also an excellent
protective material for the human head. Of course, the EPS used in helmets is
different from the white foamy-looking stuff used to chill your six-pack, but
the principle is generally the same.
EPS is delivered in a big container filled with tiny little tube-shaped bits -- the
polystyrene The polystyrene is then "blown" or expanded at the manufacturing
facility to become the EPS that protects our noggins. EPS is manufactured in
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different densities and combined together in a helmet liner in the molding
process.
One of the differences between "cheap" helmets and a quality helmet is that a
quality EPS liner is specifically engineered and designed for each different
head size. So instead of using a generic EPS liner in every helmet, Nolan
engineers the specific densities, thickness and liner shape based on the helmet
type and size.
This means that each EPS liner must have its own mold that is designed on a
CAD (Computer Aided Design) system and manufacturing via CAM (Computer
Aided Manufacturing using computer-controlled machine tools). The "blown"
EPS must also be kept in a climate-controlled storage area until its molded into
the correct shape.
Here are some photos to illustrate the EPS liner manufacturing process. The
photo below shows the raw, non-expanded polystyrene on the left hand and the
The next photo shows one of the molds for an EPS liner; Note the complex
mold shape and also the many holes, or passages, to allow the heat, pressure
and water to mold the liner. Each of these molds must be made for a specific
helmet
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Here’s a photo showing five EPS helmet liner molding machines. The EPS is
fed into the machines and is pressurized and molded in the press. Water is used
to cool the mold and the liner. Each liner is embossed with the liner type, size
and helmet it fits:Here’s a photo showing five EPS helmet liner molding
machines. The EPS is fed into the machines and is pressurized and molded in
the press. Water is used to cool the mold and the liner. Each liner is embossed
with the liner type , size and helmet in fits :
SAFE DRIVE makes helmets using both polycarbonate and composite helmet
shells. There are some advantages and disadvantages to both.
In general, a polycarbonate helmet shell will be heavier than a composite shell.
But a polycarbonate shell can also take quite a beating, as you will see in the
Part 2 video, while a composite shell is usually destroyed in a crash. This
doesn’t mean that you can damage a polycarbonate shell and then wear it again;
on the contrary, the video will show what happens once the EPS absorbs the
energy.
Like all protective equipment, a helmet is a one-time protective device. Once it
works to protect you, hang it on the wall as a reminder and buy another. There
is no such thing as a multiple-accident motorcycle helmet!
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The process for manufacturing a polycarbonate helmet shell is completely
different than the process for making a composite shell. Both require technical
expertise, manufacturing technology and a large capital investment, but the
investment focus is different in each case.
Safe drive makes their polycarbonate shells using General Electric Lexan EXL
(.pdf product information sheet), which they say has better performance,
especially for impact resistance and thermal resistance, than the commonly
used ABS (Acrylonitrile Butadiene Styrene). Nolan was one of the first helmet
manufacturers to use Lexan, having started with the material in 1972, so they
have a great deal of experience in polycarbonate helmet manufacturing.
The Lexan EXL also works nicely with Nolan’s use of the environmentally-
conscious water-based paint and clear-coating preparations.
In fact, the entire company and the methods, procedures and materials have
been designed with the environment in mind. The plant is virtually odor- and
dust-free and employees don’t have to wear masks or other protective gear
because the environment is very clean.
The Lexan arrives as tiny beads, shipped in big containers, much like the
photos in the MXL Industries story. The Lexan is fed into the helmet shell
molding machines, where it is melted and pumped into a helmet shell mold.
The shell mold consists of a highly polished metal mold of the helmet that is
surrounded by several moving parts that have the same shape. The melted
Lexan is pumped under pressure into the small gap that is formed between the
male and female mold parts when they come together in the molding machine.
This can be seen in the video below.
The master for the shell mold is also designed and manufactured using
CAD/CAM. Each mold must be custom made for each helmet design and shell
size.
It takes about 60 seconds to mold each helmet shell and the molding machine
automatically releases the outside of the shell mold and the operator removes the
newly born polycarbonate shell. Once the mold sprue is removed), the shel is staged
for the next stop in the process: sanding and paint or decal preparation.
The next photo shows a single mold for a helmet shell with all the piping and
fixtures necessary for the molding process. This is the mold assembly for the
Nolan N90 flip-up. Each assembly weighs up to 4 tons.
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Sanding, Paint Preparation, Decals and Painting
One of the advantages of a molded polycarbonate shell is that all of the vent
openings, the eye port and various assembly holes needed for mounting the face
shield and other parts are completed and finished as part of the molding
process, so once the shell is molded, it’s ready for painting without any drilling
or other procedures.
The job of sanding a helmet shell is not pleasant.The shells are sanded before
painting to prepare a good surface that will allow the paint to adhere properly.
Once the helmet shells are prepared, they either go directly into the automated
paint booth or to the decal room.
The decals are designed by artists on a computer and printed on a single sheet.
The decal is removed from the backing.It takes a lot of skill to apply a decal to
the very complex curved surface of a motorcycle helmet and, of course, the
surface must be perfectly prepared. The decal must be carefully applied and all
of the air bubbles removed or the entire helmet will be ruined after it is painted.
Once the helmets are painted and/or the decals are applied, they are sent
through the automated clear coat booth, clear coat finish is applied.
thi Once the helmets are painted and polished they’re ready for final assembly.
Once the helmets are molded, they are staged and ready for sanding, painting or
decals. Notice that all of the “holes” in the helmet are ready for vents and
other parts; s is done in the molding process:
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Helmet shells then go to the decal shop to have the decals applied. The shop is
climate controlled and is rather warm and humid to allow the best environment
for the decals to stick to the helmet:
After the decals are applied, the helmets go through an automated paint booth
to have the clear coat finish applied.
Once the helmets are painted and the clear coat has been applied, they pass
various stations to have the face shields, internal visors and other parts installed.
During each stage of the process, every helmet is inspected by the operator to
ensure quality.
In the final assembly area, each helmet is inspected once again and the final parts
are installed for the liner, chin guard and vent covers. The protective decals are
also installed and the helmet is wrapped, packed and put in a box with the manual
and hang tags, ready for shipment to your dealer and eventually on to your head!
PRODUCTIONCAPACITY
Installed capacity
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Utilized capacity at 50%
3.MARKETING DEPARTMENT
INTRODUCTION
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sustainable advantage. A marketing strategy should be centered on the key concept
that customer satisfaction is the main goal.
MARKETING PLANNING
Marketing Plan of Safe drive Helmet Company Group member- Ankur Chirag Sukhija
Sumit Varun.
Safe drive Helmet Company Introduction It is world’s first company which offers helmet
with Hi technology which not only navigate the driver but also helps in safe drive.
Vision and mission To successfully create unique concepts in the field of Helmets with a
mixture of modernity and technology. Taking best of both the worlds along with
incredible infrastructure, Safe drive company would like to be the largest producer of the
best quality.
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Objective of the OrganizationLong term objective- Our objective is to attain a position in
the top 3 brands in helmet market with the market share of 35% within 4 years. Short
term objective- To attain the break even within 1 year. Success full entry into the
international market.
GOAL To become the market leader by capturing more than 40% of the total market
share by 2016.
Marketing Mix Product: Helmets with new technology. Kinds of Helmets are: 1)
Helmet for Bike Driver 2) Helmet for Racing car drivers 3) Helmet for Bi cycle Racers.
Product Mix 1. Breadth (The number of product lines carried)- Safe drive product line is
dealing in one line that will keep the driver safe & will drop him at his destiny. 2. Depth
(The variety of sizes, colors, and models offered within each product line)- Safe drive is
providing variety of sizes, colors & different models for different users which means they
have choices to select.
PRICE Safe drivehelmet follow the skimming pricing strategy as we come into the
market with the innovative concept for the safety of the driver and targeting to the elite
class and professional racers has company will follow the skimming pricing strategy by
selling the product at high prices.
PLACE Helmet will be placed at showrooms of the Racing bikes and cars. Exclusive
showrooms for sale of helmets. Tie- up with stadium where the races are conducted to
promote the sales. various distribution channels.
PACKAGING The packaging of the helmets will be made in standard box. It will be
packed in two boxes and a poly bag. The inner most packaging is of poly bag and after
wards gets packed under two boxes. The upper most boxes contain the attractive stickers,
detail about the product and company.
PEOPLE Safe drive Helmet company is very much oriented towards the service. For
this all the employee are very much customer oriented and try to satisfy the customer
needs by fulfilling their needs, making product available at their reach and effective after
sales services. At the same time take care the people as well by providing fare wage and
salary, taking care of all Human resource norms and over time is strictly prohibited.
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Executive summary Our launch is helmet with navigator technology which is useful for
all kind of Two wheeler and four wheeler racing cars as well as bi cycle. The helmets
consist of the sensor . The product testing indicates that the product is very much driver
friendly which protect the driver from all kind of un expected accident and and also have
good capability to face the accident at the speed of 180 Km per hour.
The product is targeted to the high class customer or high end customer and professional
racers. As Safe drive Helmet are the first mover in this Hi technological helmets hence
price strategy of the product will be skimming and the price of the helmet will be vary
from Rs 2500 to Rs 7000 as per the feature of the Helmet to take the benefit of first
mover.
Current situation and trend Most of the well known brands are STUDDS, NUVO,
VEGA, STEELBIRD, Schuberth, Scorpio Helmets and etc. In India in most of the
states wearing of helmet become compulsory for 2 wheeler drivers as well as people
sitting at the back and for children over an age of 5 year. This rule brings a revolution in
the market of Helmet. It raises the helmet market by 30 % of India.
Key Issue Strengths Weaknesses Good Innovative concept. Prices are very high then
Customer’s protection the competitors. Oriented. Limited resources are High
quality helmets. Available. Highly comfort & safety Not affordable for every
features. Class. Good access to distribution network. Resources are not easy to
imitate by the other competitor.
Marketing Strategy The overall marketing objective of the organization is to success fully enter
into the market with Hi technology helmets, gain the acceptance of the product and capture a
substantial market share (15 %). High promotion through the advertisement in bike magazines,
commercial ads, hoarding and etc.
Skimming pricing strategy will be follow as entering with the innovative product by
having high organization can easily recover the cost and gain a substantial large amount
of profit before the competitor enter into the market with same category of market.
There is requirement of high investments in R & D [Research & Development]. Tie
ups will be made with the professional racers to promote the product.
Action Plan A good investment will be incurred in the advertisement in Motor Bike
magazines. Sponsorship will be provided to the Racing events in which Safe drive’s
Helmet will be used. Test drive of racing bike and cars while wearing the Hi Tec
Helmets, Advertisement through Commercial advertisement. Sales point of helmet will
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be at showrooms of the Racing bikes and cars. An exclusive showroom of Safe drive
helmets.
Control The monitoring of the plan and functioning of the organization is made by
evaluating the performance quarterly and compare it with the standards and if the
performance is as per the standard then there will be no change in the functioning but if
there is any gap between the actual performance and standard then needful changes will
be made. If the variation is huge then the contingent plan will come into performance.
Contingency Plan: If the helmet with navigation technology gets fail then company
will introduce helmet with out navigator in different attractive designs and the price of the
product will also gets reduce and company will start serving their navigator helmets to
defence.
PRODUCT STRATEGIES
Marketing mix
Marketing mix is a mixture of several ideas and plans followed by a marketing representative
to promote a particular product or brand is called marketing mix. Several concepts and ideas
combined together to formulate final strategies helpful in making a brand popular amongst
the masses form marketing mix.
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Elements of marketing mix:
Product:
The marketing mix concept has its roots in the 1950s U.S. corporate marketing world, and the
practice of marketing has obviously evolved tremendously since this term was invented. One
of the changes is that there are a lot more services available nowadays, such as those
available online. Also, the distinction between product and service has become more blurry
(e.g., is a Web-based software application a product or a service?). Either way, product here
refers to products or services. The product or service you offer needs to be able to meet a
specific, existing market demand. Or, you need to be able to create a market niche through
building a strong brand.
Price:
The price you set for your product or service plays a large role in its marketability. Pricing for
products or services that are more commonly available in the market is more elastic, meaning
that unit sales will go up or down more responsively in response to price changes. By
contrast, those products that have a generally more limited availability in the market (but with
strong demand) are more inelastic, meaning that price changes will not affect unit sales very
much. The price elasticity of your product or service can be determined through various
market testing techniques.
Place:
This term really refers to any way that the customer can obtain a product or receive a service.
Provision of a product or service can occur via any number of distribution channels, such as
in a retail store, through the mail, via downloadable files, on a cruise ship, in a hair salon, etc.
The ease and options through which you can make your product or service available to your
customers will have an effect on your sales volume.
Promotion:
Promotion is concerned with any vehicle you employ for getting people to know more about
your product or service. Advertising, public relations, point-of-sale displays, and word-of-
mouth promotion are all traditional ways for promoting a product. Promotion can be seen as a
way of closing the information gap between would-be sellers and would-be buyers. Your
choice of a promotional strategy will be dependent upon your budget, the type of product or
service you are selling, and availability of said promotional vehicle.
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PRICING STRATEGIES
as we come into the market with the innovative concept for the safety of the driver
and targeting to the elite class and professional racers has company will follow the
skimming pricing strategy by selling the product at high prices.
DISTRIBUTION STRATEGIES
Distribution channel
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A channel of distribution can be defined as the collection of organizational units,
institutions, or agencies within or external to the manufacturer, which perform the
functions that support product marketing.
The marketing functions are pervasive: they include buying, selling, transporting,
storing, grading, financing, bearing market risk, and providing marketing information.
Any organizational unit, institution, or agency that performs one or more of the
marketing functions is a member of a channel of distribution.
Distribution channels are those paths through which goods reach from producer or
manufacturers to consumers. In other words, Distribution source (which is also called
business source at times) refers to that path, through which in involved in the transfer
of ownership of Goods from producer to final consumer or Industrial user.
MANUFACTURES CONSUMERS
PROMOTION STRATEGIES
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Advertising
It includes the name of a product or service and how that product or service
could benefit the consumer, to persuade a target market to purchase or to
consume that particular brand. These messages are usually paid for by
sponsors and viewed via various media. Advertising can also serve to
communicate an idea to a large number of people in an attempt to convince
them to take a certain action.
These messages are usually paid for by sponsors and viewed via various
media. Advertising can also serve to communicate an idea to a large number
of people in an attempt to convince them to take a certain action.
Salse promotion
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Sales promotion activity helps in promotion of the sales effectively. More and more
promotion activities are required to induce the consumers to purchase more and more
products and thus they produce the demand. Sales promotion moves products towards
the buyer.
Sales promotion consists of a diverse collection of incentive tools, mostly short term
designed to stimulate quicker or greater purchase of particular products or services by
consumers or traders.
4.FINANCE DEPARTMENT
INTRODUCTION
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company and is aimed to serving staff, managers, the Board of Directors and
stakeholders and securing the financial health of the company.
The Department plays an important role in the company and the relations between
organizational units. It is closely cooperate with such company’s divisions as Sales
Department, Administration, Warehouse, Deliveries, and Marketing Department in
the fields of payments, audit, revision, account and cash flow. The effective
collaboration is the guarantee that all payments, accounts and deposits will be
processed, covered and closed out.
This is important as proper organization of the finance system inside the company
brings the positive and fundamental effect to the company’s competitiveness, demand
and reputation.
The main goal of The Department is to provide the internal and external users of
financial statements with relevant, accurate and timely information and to guarantee
that the required financial revision is closely adhered to in order to protect the assets
of the company.
The Department takes care of finance flow to ensure that the company operates within
its financial regulations and satisfies various external financial requirements.
It also ensures that the corporate financial records comply with internal and external
audit. If to look through the activity of The Department, there can be picked out the
following main services it renders:
Production and assignment of budgets, capital plans, and cash flow forecasts.
33
Giving advice on pricing and costing.
Key Positions
A finance department is comprised of several key positions that bear the burden of
responsibility when it comes to maintaining the cohesiveness and overall productivity
of the department as a unit of the company.
When you think about the overall structure of the finance department, there are four
key point people that may come to mind:
Accountant
Finance specialist
Finance Director
The finance director is the head of the finance department. This individual will have
the supreme responsibility to ensure that all financial reports are accurate and up to
date. The finance director is tasked with giving a financial forecast for the company
and disclosing certain financial information about the company to the shareholders.
Deputy Finance Director
The deputy finance director is usually responsible for putting together the companys
annual budget. In this position, the deputy finance director will be responsible for
developing an overall financial strategy. Sometimes referred to as the finance
manager, the deputy finance director is also responsible for managing the finance
departments team of employees.
Accountant
The next position of importance in the department of finance is the accountant. The
accountant is responsible for handling the accounts payable and accounts receivable.
Accountants also process payroll. Other duties include putting together financial-
related documents such as reports, auditing, and closing out accounting books.
Finance Specialist
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The finance specialist basically handles capital investments. This position may also
require a bit of analytical work such as reconciliations, maintaining the general ledger
and keeping a close eye on the funds of the company.
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1. Stock of raw-material 24 3,00,000
2. Work in progress - 1,50,000
3. Finished good 20 2,75,000
4. Debtors 28 2,25,000
5. Routine expenses 30 1,10,000
Total 10,60,000
FINANCIAL ARRANGEMETS
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Source of finance
Meansof finance
Total 68,90,000
PROFITABILITY OF A PROJECT
Raw-material
37
Salary&wages
Electricity consume
Repair& maintenance
38
INTREST
No. Particular Monthly Rate Annual
Amount (%) Amount
DEPRECIATION
No. Particular Monthly Rate Annual
Amount (%) Amount
1. Land&building 44,00,000 10% 4,40,000
2. Machinery 12,50,000 10% 1,25,000
Total Rs. 5,65,000
ADMINISTRATIVE EXPANSES
No. Particular Monthly Yearly
Amount Amount
1. Accountant 3000 36,000
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Total 76,800
Selling expensed
INTRODUCTION
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Human resources is a term used to describe the individuals who make up the
workforce of an organization, although it is also applied in labor economics to, for
example, business sectors or even whole nations.
Human resources is also the name of the function within an organization charged with
the overall responsibility for implementing strategies and policies relating to the
management of individuals (i.e. the human resources). This function title is often
abbreviated to the initials.
Manpower planning
Recruitment
Selection
Training and Development
Performance Appraisal
Compensation and Promotion
Employees services.
Human resource management (HRM) is the strategic and coherent approach to the
management of an organization's most valued assets - the people working there who
individually and collectively contribute to the achievement of the objectives of the
business.
The terms "human resource management" and "human resources" (HR) have largely
replaced the term "personnel management" as a description of the processes involved in
managing people in organizations.
In simple words, HRM means employing people, developing their capacities, utilizing,
maintaining and compensating their services in tune with the job and organizational
requirement.
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The theoretical discipline is based primarily on the assumption that employees are
individuals with varying goals and needs, and as such should not be thought of as
basic business resources, such as trucks and filing cabinets.
The field takes a positive view of workers, assuming that virtually all wish to
contribute to the enterprise productively, and that the main obstacles to their
endeavors are lack of knowledge, insufficient training, and failures of process.
As such, HRM techniques, when properly practiced, are expressive of the goals and
operating practices of the enterprise overall. HRM is also seen by many to have a key
role in risk reduction within organizations.
The recruitment and selection is the major function of the human resource department
and recruitment process is the first step towards creating the competitive strength and
the recruit strategic advantage for the organizations.
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Recruitment process involves a systematic procedure from sourcing the candidates to
arranging and conducting the interviews and requires many resources and time. A
general recruitment process is as follows: -
The recruitment process begins with the human resource department receiving
requisitions for recruitment from any department of the company. These contain:
Posts to be filled.
Number of persons.
Duties to be performed.
Qualifications required.
Whenever there is a need of new staff member or worker for the company, SAFE
DRIVE advertises in the local newspaper. As and when found any new labours, oral
questions are being asked and if they are found suitable for the job, the company
recruits them.
SELECTION
It is the process of choosing the most suitable candidates from among all the
applicants.
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It is the process of matching the qualification of candidates with the requirements of
jobs to be filled. Its purpose is to fit the candidate with the job.
Selection means the process of interviewing and evaluating candidates for a specific
job and selecting an individual for employment based on certain criteria. Employee
selection can range from a very simple process to a very complicated process
depending on the firm hiring and the position.
In addition to education and other qualifications, HR staff must also assess how well
a candidate will assimilate into the corporate culture as well. The first step in the
selection process is a well written resume and solid answers .
After receiving the applicants, SAFE DRIVE calls the selected applicants for the
personal interview and thereafter selects on the basis of the merit of person for the
suitable post.
TRAINING& DEVELOPMENT
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It is a learning process that involves the acquisition of knowledge, sharpening of
skills, concepts, rules, or changing of attitudes and behaviours to enhance the
performance of employees.
Training is activity leading to skilled behavior.
Its not what you want in life, but its knowing how to reach it
Its not where you want to go, but its knowing how to get there
Its not how high you want to rise, but its knowing how to take off
Training is about knowing where you stand (no matter how good or bad the current
situation looks) at present, and where you will be after some point of time.
Training is about the acquisition of knowledge, skills, and abilities (KSA) through
professional development. Training refers to improving competencies needed today or
very soon.
SAFE DRIVE company trains and develops the employees as a result of replacement
of industrial workers with knowledge workers. The company assumes in wake of the
advancement of technology which has resulted in ever increasing competition, rise in
customers expectation of quality and service and a subsequent need to lower costs.
It is also become more important globally in order to prepare workers for new jobs. In
the current write up, the company will focus more on the emerging need of training
and development, its implications upon individuals and the employers.
Promotion
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Vertical advancement within the organisation is called promotion. There is
change in power position, status, authority, salary, etc.
Promotion means to give employee the reward for their hard work and it is the
employee that helps the company to reach to their desired goals. Promotion is
the best way to motivate any employee.
In SAFE DRIVE the promotion is given on the basis of performance but it is not
that, the old and hard working employees are neglected. If they are working hard
and the management thinks that the employee should be promoted then he is
given promotion. The company gives importance to all the things i.e.
experience, performance etc.
Transfer
Transfer means shifting of one employee from one job to another, one unit to
another, one shift to another & may involve in new geographical location.
Transfer may be initiated by any organisation or by employees with the approval
of the organisation. Transfer has many objectives such as moving employees in
position appropriate to their interest.
Demotion
EMPLOYEE WELFARE
Employee welfare means anything done for intellectional physical moral and
economic betterment of the workers, whether by employers, by government or by
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other agencies, over and above lwhat is laid by the law, or what is normally expected
on the part of the contracted benefits for which workers may have bargained.
SAFE DRIVE company provides additional services and benefits to the employees of
the company. This company shows that it takes care of the workers and their
employees so they are inspired to work more efficiently. Welfare services are non-
profit expenses for the company but this in turn will help the company in their bad
times.
SAFE DRIVE company provides the employees with various facilities such as:
The company also organizes the motivational seminars to develop their skills and
performance which may be useful to the company as well as for their better future.
The company also provides housing facilities to the employees with no cost of the
electricity, water and various taxes.
6.PROJECT SUMMARY
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No Particular Amount
.
1. Raw-material 6,50,000
2. Salary & wages 7,44,000
3. Repair & maintenance 12,000
4. Depreciation 5,65,000
5. Intrest 3,96,000
6. Administration expenssion 78,800
7. Selling expenses 1,20,000
8. Electricity consumed 39,600
Total 26,03,400
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-Total annual cost (-) 26,03,400
Gross annual profit (G.A.P.) 13,11,600
-tax/liability (-) 1,35,000
Net annual profit (N.A.P.) 11,76,000
4. Profit 13,15,600
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7.PROJECT ADVANCEMENT &
FUTURE PROSPECT
Every industry has its own future plans. We have also future for our industrial
progress, They are as follows:
We are trying to meet the all needs and wants of our customers. We are trying to come
out with the best qualitative product. in different size and also with are stable price,
We are confident about our product it Will do best in the market,
Development is the key of survival and we are very much development for the
purpose of developed we are coming with very plant development With new product
development,
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