AN ORGANIZATIONAL STUDY

ON

(JHAVERI SECURITIES PVT. LTD.)

SUBMITTED BY

(MILAP B.

BELADIYA) (0021037)

BBA SEM-04

GUIDED BY
(Mrs. PAYAL M. PAREKH)

ACADEMIC YEAR
2022-2023

SUBMITTED TO
SHREE SWAMINARAYAN COLLEGE OF
COMMERCE & MANAGEMENT
BHAVNAGAR

AFFLIATED TO
MK Bhavnagar UNIVERSITY
BHAVNAGAR

Page 1
 DECLARATION

I undersigned MILAP B. BELADIYA a student of BBA 4th semester

declare that I have prepared project report on Jhaveri securities at
JHAVERI SECURITIES PVT. LTD. Under Mr. Ashesh Trivedi and
by Mrs. Payal M. Parekh of SHREE SWAMINARAYAN COLLEGE
OF COMMERCE AND MANAGEMENT.

I also declare that this project report is my own preparation and not
copied from anywhere else.

M.B. Beladiya
Milap B. Beladiya
(0021037)

Page 2
Page 3
Page 4
 PREFACE

Practice makes a man perfect. This practical training makes it easy job to
understand the work methodology of the company & candidates can get detailed
knowledge about specific specialization area. It is a famous saying in JAPAN
that the person who has read 1000’s of page is not worth that the person who
has traveled for 100’s of meter. These indicate the importance of exposure to
the practical life.

A mutual fund is a trust that pools the saving of a number of investors

who shares a common financial goal. The money thus collected is than invested in
capital market instruments such as shares debentures and other securities. T h e
income earned through this capital investment and the capital appreciation is
realized is shared by its unit holders in proportion to the number of units owned
by them.

The investors should compare the risk and expected yield after
adjustment of tax on various instruments while taking investment decisions.
The investors may seek advice from experts and consultants including agents
and distributors mutual funds scheme while making investment decision.

The investors in proportion to their investments share the profit and losses.
The mutual funds normally come out with a number of schemes with
different investment objectives, which are launched from time to time.

Page 5
 AKNOWLEDGEMENT

Man’s quest for knowledge never ends. Theory and practical are essential and
complimentary to each other. I am indebted and thankful for the assistance received
from various individuals in making this research project a success. I find no words to
express my gratitude towards those who were constantly involved with me.

I am grateful express my degree of gratitude to “JHAVERI SECURITIES”.

Bhavnagar. The company’s atmosphere was friendly and helping. I would like to
thank Mr. ASHESHBHAI TRIVEDI Managing director.

I would like to thank the of Shree Swaminarayan Gurukul Collage

of Commerce & Management for provides me with a learning platform. His guidance
and support was a constant source of inspiration. He kept faith in me and giving
guidance on how to go through critical project.

I would like to thank Mr. , for giving me the kind permission to

work in the financial Organization and also highly obliged to her for allocating us a
very interesting and challenging research project.

I would like to thank Mr. Payal M Parekh , Dhruvraj Upadhyay coordinator

for molding my thoughts and vision towards this research project. I appreciate their,
interest and concern regarding the research project. They were constant source of
inspiration to us throughout our project.

Page 6
 EXECUTIVE SUMMARY

One of the interesting developments in financial market over last 20 to 25

year has been the growing popularity of derivatives. In many situations, both
hedgers and speculators find to more attractive to trade a derivative on an
asset, commodities then to trade assets and commodity itself. Some
commodity derivatives are traded on exchanges.

A mutual fund is an ideal investment vehicle where a number of

investors come together to pool their money with common investment gold. In India
there are various stock exchanges are included by Top Stock Exchange of India is
BSE (Bombay Stock Exchange) establish in 1875 and NSE (National Stock
Exchange) in your 1992 BSE was established before LPG reform and NSE
after LPG. LPG was introduced in 1990 by Indian government.

Page 7
 INDEX

SR. TITEL PAGE

NO NO.
1 Company Profile

1.1 Introduction

1.2 Journey

1.3 Objective

1.4 Philosophy

1.5 Jhaveri team

1.6 Why Jhaveri

2 The Company/Organization

2.1 Evolution & History

2.2 Vision & Mission

2.3 Management Structure

2.4 Products

3 Functional Area

3.1 Market & Marketing

3.2 Awards & Reorganization

3.3 HR Management

Page 8
3.4 Finance & Accounts

3.5 SWOT Analysis

4 Decision Making
4.1 Strategic decision areas & decision
making process
4.2 Tactical & operating decision and decision
making process
5 Financial Analysis
5.1 Profitability of the firm
5.2 Key financial ratios & interpretation
5.3 Balance sheet
5.4 My learning from the study of the report
6 Overview of the project
6.1 Importance of the study of the
organization
6.2 Objective of the study
7 Conclusion
8 Bibliography

Page 9
1.COMPANY
PROFILE

Page 10
 COMPANY PROFILE

Name JAHAVERI SECURITIES LTD

Year of 1992
Establishment
Birth of Bhadresh Bhai Jhaveri Satish Trivedi, Ashes Bhai Trivedi, KamleshBhai
Directors Jhaveri

Head office JHAVERI SECURITIES LTD 301/302, PAYAL TOWER-2, OPP M.S
UNIVERSITY VADODARA, GUJARAT
390020

Tel./contact 099254220000
no.
Bhavnagar Ashesh Bhai Trivedi
Branch
Branch in 225 offices no, Waghawadi road, Madhav Darshan
Bhavnagar complex BHAVNAGAR 364001

Page 11
1.1 INTRODUCTION

OF THE

COMPANY

Page 12
 1.1 INTRODUCTION

JHAVERI group, initiated in Gujarat in the year 1992 is now one of the
largest stock broking houses in the state. Jhaveri has also emerged as
one of the renowned financial advisors in mutual fund, IPO, FDs & Insurance.
Over the years, JHAVERI securities have widened its presence and played a
major role in the development of financial market in Gujarat and have emerged
as a financial supermarket. We can proudly say that we have a membership in all
the major stock exchanges & depositories in India such as NSE, BSE, MCX,
NCDEX, and NSDL.

By entering into long term relationships with the client, JHAVERI

securities have now built a huge client base of over 1,00,000. Its honest and fair
financial management services in cooperation with more than 350 associates across
India, has helped in delivering our promises within reasonable and appropriate
time and cost.

Financial risk is associated with every individual and takes a different

from in varied situations. Managing these risks for an individual precisely for his
special risk management needs is not less than an art and JHAVERI group, are
experts in taking care of all your financial risk management needs. JHAVERI group
is not just manage finances, but also thrive to solve problems with expertise and
up to date knowledge about the subject. With them experienced professional
service, people can be sure of finance being managed well.

JHAVERI group is financial and wealth management services includes

e - trading of the major shares in various sectors. In addition, this also offer
other financial services such as Equity Trading, Derivative Trading, Commodity
Trading, Currency Trading, Mutual funds, IPO, OFS, and more value- a d d e d
services.
Sustained growth of JHAVERI group is like a booster for the Gujarat
primary and secondary markets.

Page 13
 1.2 JOURNY

The decade of the 90s saw a major revolution in the technology industry.
This was the time when computers started to spread their roots in the Indian
markets and changed the lives of the people completely. Today, there is no
industry that is still untouched by the internet technology. The technology
changed the market for finance and securities and the people involved in equity
trading.

JHAVERI Securities was incorporated in the same decade, in the year 1992.

Since then, it has witnessed high-paced growth and expansion. JHAVERI now
enjoys the position of one among the largest stock broking houses in Gujarat. It
has also contributed its valuable efforts in developing primary and secondary
markets in Gujarat. It has empowered the investors with expert and profitable
guidance that help them in fair investment de3cisions.

Page 14
 1.3 OBJECTIVE

Since its inception in 1991, JHAVERI has been a prominent name in

the financial sector, giving wings to your dreams so you could dream better
and turn those into reality. We understand that investments are a risky venture
and we promised you to provide our financial services and tips to help you keep
your investments grow safer.

 Giving our clients the best financial services to help them trade better along
with fully automated trading process with access to highly developed trading
tools which allow you to trade real-time market data and multiple markets and
products.

 Updated market conditions to give better management of resources so that

it is easy helping you make better financial decisions which makes
empowered. Building a long-term relationship with our clients.

 At Jhaveri, we know that the business world has evolved into a new domain,
completely different from what you read in your business books.
Constantly fluctuating, the finance market has been a tough horse to tame.
Our sole objective, at Jhaveri, is to be the finance firm, which would
resolve your investment and trading troubles. We work on the principle of
‘knowledge is power but real power is when you put your knowledge into
action! ‘We envisage being the firm, will suit your growing economic needs
along with the ever-changing stock market trends thus, helping you with all
the essential financial tools as per the current market movements.

Page 15
 Our company’s objective is to provide you state-of-art tools to keep your
adept with the changing market scenario. We have and will add to our lot,
innovations that will enable you to approach the stock markets with a
fairer view. We have made it our motive to give trading its deserved credit
while bringing to you a service, the online trading “JHAVERI|, which is the
most convenient solution for online trading favoring active traders, along
with easy management of your trade books, for market alerts, as well as
getting quotes for better trading. We pledge to provide you our services at a
quicker and steady pace.

Page 16
 1.4 PHILOSOPHY

“Knowledge is power and power brings security. Risk is very relative term
and changes with every individual and situation. Financial management is not just
about managing risk but also managing knowledge and finally deriving answers that
generate wealth, security and trust.”

This core guiding philosophy has catapulted Jhaveri Securities into one of the
largest stock broking houses in Gujarat. Started in 1992, now with a client base of
over 1,00,000 the company has played a pivotal role in the development of primary
and secondary markets in Gujarat. Membership in all the major stock exchange,
offices at key locations, panel of experts to guide all decisions and transparent
business interactions are the key elements that help in everyday activities. This has
been made possible by the management’s policy of investing heavily to constantly
upgrade the services.

Technology and Human Resources work hand in hand. The latest computer
software and the best human mind ware come together to assist clients to derive
maximum benefits of their investments. Be it long term returns or short-term gains,
JHAVERI has systems in place that keep in total touch with the pulse of the market.
Small movements are tracked, financial performance is charted, data collected and
analyzed. No market trend is hidden from the alert market managers of JHAVERI.
Gut feeling is doubly checked on the most modern systems and software leaving no
room for errors. What the client finally gets is a gist of the numerous man hours that
have gone in working out best possible options based on his individual needs and
requirements.

JHAVERI Securities keeps your investments and confidence safe and

growing. Our portfolios of services are designed to cater to all your financial needs.
Together we can take a bull run without bearing unnecessary costs.

Page 17
 1.5 JHAVERI TEAM

We constantly strive and then thrive. We have about 300 professionals who
possess sound knowledge in financial markets out of which, more than 75 have
cleared the NCFM tests, and have competence in various areas of operations.
Everyone is constantly trained and equipped professionally to cater to the clients in
the most effective manner.

At JHAVERI we believe in total customer satisfaction. Our highly

professional team of experts works persistently to offer the best services, by always
being up to date and receptive. We are proud of our highly qualified staff which
always strives to ensure clients delights. We always respect investor’s privacy and
confidentiality. Our people provide the intangibles that script our success story.

Page 18
 1.6 WHY JHAVERI

At Jhaveri, we believe in steering knowledge into power and security, which is

what we stand for- ‘knowledge is power and power brings security.’

Entering into the financial world is a risky venture and calls for management
of those risks and sorting out the essential elements needed in this field.

The stock and finance markets need good research to understand the factors
that affect it. At Jhaveri, we have an expert team of professionals incorporated for
exceptional research work. The independent research analysis keeps an updated
outline of the finance industry focusing on the trends seen in the economy ensuring
you to make the best out of it. This research work brought about by the Jhaveri team
will help you with a good assortment of tips on investment as well as the ways to
increase your income returns. Along with these investment tips, we also help you
glide through important investment decisions with our properly designed tools to
optimize decision-making. These value-added services help you and maintain sound
equilibrium in your investments and returns.

Jhaveri will equip you with the latest and best database to keep you updated
with the current happenings in the investment sector, the vicissitudes in the stock
market, investment moves to make better choices, and the expert advices along with
the market sentiments to the changes. With the efforts put in by our proficient team
you will have options, which are not only reliable but valuable as well. We bring to
you the most recent of the market and economy news as it happens.

E-trading at Jhaveri gives you the advantage of providing a stable and secure
investing embark to give you a quicker and faster trade implementation. Jhaveri
brings to you the options of graphs to help you stay in sync with the investment
returns.

Page 19
 We allow to start with a personalized account to bring to you the customized
ideas and tips to get you the optimal results in your venture. Our product includes
etrading, IPOs, equity and derivative- trade and mutual funds offer you possible
opportunities to give you a better control over the investment options. Along with
this, we make sure that you get our products at the lowest price as possible with the
lowest of the fund expenses.

Jhaveri will help you stand guard against the finance market risks with our
expert investment tips and with our personalized supporting. You will see that
managing your investments and finances is actually easy if you are with Jhaveri.

Page 20
2.THE COMPANY /
ORGANIZATION

Page 21
 2.1 EVELUATION AND HISTORY

Jhaveri was started in 1992 by three of the board of Directors Kamal Bhai
Jhaveri, Bhadresh Bhai Jhaveri, and Rajesh Bhai Jhaveri from Baroda. These persons
had a goal to make a boom in the stock market in Baroda.

At presently these Directors runs the Jhaveri Securities Pvt. Ltd. In Baroda and
ambition was to reach one of the best stock markets. Its destiny was to as per the old
time the Jhaveri Securities has the facility of phone calls to their clients in intraday
transactions. As per the modern system now a day’s Jhaveri Securities is smoothly
and efficiently ruined by the computer operators, so that the clients get facility of the
market perfect situation.

Page 22
 2.2 VISION & MISSION

VISION

Jhaveri to be recognized as a market leader and to build a unique organization

of those who think different, and redefine riles. Jhaveri believes in complete freedom
in doing one’s own work and focusing more on end results.

MISSION

To be the best broking house by offering world class financial services and
client satisfaction.

Page 23
 2.3 MANAGEMENT STRUCTURE

(HEAD OFFICE)

CM&MD
(VADODARA)

GM GM GM
MARKETING FINANCE HRM

ZONAL
MANAGER

REGIONAL
3
MANAGER

BRANCH BRANCH BRANCH

MANAGER MANAGER MANAGER

SR. SR.
EXECUTIVES EXECUTIVES

EXECUTIVES

Page 24
 MANAGEMENT STRUCTURE
(BRANCH LEVEL)

CORPORATE
MANAGER

BRANCH
OPERATORS MANAGER

ACCOUNTANTS ACCOUNT
ASSISTANCE OFFICE

Page 25
PRODUCTS

Page 26
 2.1 PRODUCTS

(1) Equity Trading:

Right information at the right time is the first step towards taking right
decision. For more than 21 years, Equity broking is mainstay at JHAVERI.
From “Saudas in the ring” to fully computerized trading, we have delivered
real value for money service with our esteem traditional team. Extremely good
infrastructure supported by qualified professional coupled with very
competitive rates, services at JHAVERI is real value for money. A strong
research report at regular intervals always guiding lights in decision making.

(2) Derivative Trading:

A security derived from a debt instrument, share, loan, whether

secured or unsecured risk instrument or contract for difference or any other
from od security. A contract, which derived its value from the prices, or index
of price of underlying securities derivatives (Future and Options) is ideal
instrument to protect your portfolio against risks. You can trade with your
index movements, hedge and leverage your portfolio by limiting risk and at
the same time keeping your upside unlimited. The term “Derivative” indicates
that it has no independent value, i.e., its value is entirely “derived” from the
value of the underlying assets. The underlying assets can be securities,
commodities bullion, currency, livestock of per determined fixed duration,
linked for the purpose of contract fulfillment to the value of a specified real or
financial asset or to an index of securities.

(3) Commodity trading

Indian markets have recently thrown open a new avenue for retail
investors and traders to participate: Commodity. For those who want to
diversify their beyond shares, bonds and real estate, commodities are the best
option. With the setting up of three multicommodity exchanges in the country,
retail investors can now trade in commodity futures without having any
physical stocks. Commodities are easy to understand as far as the
fundamentals of demand and supply are concerned, Historically, pricing in
commodities futures has been less volatile, compared to equity and bonds,
thus providing an efficient portfolio diversification option. JHAVERI is
optimally equipped infrastructure, clubbed with our domain knowledge of the
market over the years of invaluable experience, will ensure your smooth and
safe entry into the commodity market.

Page 27
(4) Currency Derivatives:

The Currency market which was till now restricted to banks and
companies having foreign exchange exposure, is now being opened up to the
retail investor. It actually completes the list of investment avenues for the
investors. An investor’s portfolio was will typically now include equities,
commodities as also currency. Hedging by companies and traders alike, it is
expected to generate a lot of retail participation for purpose of trading and
speculation. The small lot size is indicated of this.

At JHAVERI, currency Derivatives segment facilitates following Benefits.

 Easy opening of currency account

 Trading in USD INR with minimum lot size of $1000 (Rs 50,000
contract value)

 Low margin requirement from exchanges

 Competitive brokerage

 Research Based Guideline to Investors, Traders as well as Corporate

House on Trading/Hedging positions.

(5) E-Trading:

With JHAVERI online trading account, you can buy and sell share in
an instant. Anytime you like and from anywhere you like. JeTrade, e-trading
services from JHAVERI gives the perfect combination of technology
supported by JHAVERI personal touch. It gives the advantage of trading in
stock and commodities from the comfort of your home or office at lightning
speed at the same time advice of experts. So, if you are a trader earning
fluctuations, or a long term investor making fortunes from wealth creation, e-
trade is the perfect solution for you. Some salient features of e-trading are:

9 to 5 full online support:

Jhaveri provides complete online trading technical support for difficulties

encountered in operation or software in case of any queries you are just a
phone call aware for the solutions to your problem.

Real Time Quotes:

The continuous flow of prices in real time gives you a perfect pulse of
market.

Single Screen Trading:

Display of various exchanges on a single screen facilitating simple operations.

Competitive Brokerage:

Page 28
 Very competitive brokerage rates, enabling you to enter and exist in the
shortest possible time.

Lower Margins:

Lower margins give you higher exposure in the market making it possible
for you to trade at highest level.

User Friendly menu:

The software is design to make buying and selling and all other transactions
very easy to execute.

Online Fund Transfer:

Advance technology platforms, allows transfer of funds from your account

to our bank account on the click of a button.

Technology:

Our advance technology fully integrates front and back office operation
resulting in the very smooth transaction.

(6) Mutual Fund:

A mutual fund is just the connecting bridge or a financial intermediary

that allows a group of investors to pool their money together with a
predetermined investment objective. The mutual fund will have a fund
manager who is responsible for investing the gathered money into specifies
securities (stocks or bonds). When you invest in a mutual fund, you are buying
units or portions of the mutual fund and thus on investing becomes a
shareholder or unit holder of the fund.

Mutual funds are considered as one of the best available investments as

compare to other they are very cost efficient and also easy to invest in, thus by
polling money to gather in a mutual fund, investors can purchase stocks or
bonds with much lower trading costs than if they tried to do it on their own.
But the advantage to mutual funds is Diversification, by minimizing risk &
maximizing returns.

JHAVERI always strives to provide unique and innovative investment

solutions. The Mutual fund wing of Jhaveri is supported by following unique
features.

 Research Based & Need based financial Planning.

 Committed and Enthusiastic person to follow & fulfill all your need for
client’s portfolio.
 Regular Profit Booking in Disciplined Manner.

Page 29
  Software support to generate detailed reports of JHAVERI’s client’s
portfolio valuation reports.

 Monthly newsletter with lucrative information.

 Online application (JHAVERI encourage paperless & prompt

transactions).

(7) IPO:

Initial public offering (IPO), also referred to simply as a “public

offering” or “flotation,” in when a company issues common stock or share to
the public for the first time. They are often issued by smaller, younger
companies seeking capital to expand, but can also be done by large privately-
owned companies looking to become publicly trade. In an IPO the issuer may
obtain the assistance of an underwriting firm, which helps it determine what
type of security to issue (common or preferred), best offering price and time to
bring it to market.

The JHAVERI offer Services for IPO is

 We provide preprinted from of recommended Issues (IPO) to our

registered associates and clients.

 Online application

 Give promote support for any queries

(8) Depository Services:

An efficient way of guarding all your shares and other eligible securities is, by
holding them in electronic, dematerialized from. Your holding of physical
share certificates is converted into an electronic record or dematerialized, and
reflects as a credit balance in your demat account. JHAVERI is Member of
NSDL since 2000, providing best value for money with lowest rates and free
AMC*. Contact us: demat@Jhaveritrade.com.

Value Added Services:

(1) Daily telephonic Tips

(2) SMS/email update’s

Online Market Suggestions.

Page 30
3 Functional Area

Page 31
 (3.1) MARKET & MARKETING

(1) MARKET POSITION:

JHAVERI focus on the consumers who prefers almost all invest at

same place by providing number of various financial services. At
JHAVERI a person can purchase or sale share. Debentures, etc. and at the
same place like mutual funds and bonds etc. And help the same person in
designing his portfolio. By this way JHAVERI provide comfort to its
customers.

(2) TARGET MARKET:

JHAVERI use demographic segmentation strategy and segment

people based on their occupation. JHAVERI uses selective specialization
strategy targeting. Target person for the JHAVERI stock broking and
JHAVERI investment service are persons who can work as broker for the
companies.

(3) ADVERTISEMENT:

The objective of advertising of JHAVERI is create awareness about

services of JHAVERI among investors and brokers and increase sub
brokers of JHAVERI. Company doesn’t give advertisement in media like
TV, newspaper and magazines etc.

When I asked him about advertisement and its rules, they told me that if
the firm want to puts single banner they need to take permission from
SEBI. If there are any changes in the matter immediately they have to
inform to SEBI about changes.

FUNCTIONS OF DEPARTMENT:

(1) Tacking references from brokers.

(2) Making call for appointment to explain detailed information.

(3) Fixing meeting with client and sharing information.

(4) Problem solving of client and brokers.

(5) Meeting with existing brokers in 15 days.

(6) Meeting with new clients in every week.

Page 32
 PRODUCTION / OPERATION

 BUSINESS OPERATIONS:

JHAVERI SECURITIES LTD COMMENDED OPERATION IN 1995. Its corporate

office is located in Vadodara and has a widespread network across Gujarat. The company is a
registered member of NSE & BSE. It is also registered as a DP with NSDL since 2000.
Jhaveri securities is primarily involved in trading of equities and derivatives. Its offers
commodity trading services through its group company, JHAVERI CREDITS & CAPITAL
LTD. Additionally, Jhaveri securities offers demat services, portfolio advisory, services,
online trading, distribution of financial products and research and services like budget and
more. It also operates in the currency futures segment. In FY 09 the company added 35000
client accounts as compared to FY 08. Out of the total clients as on dec 31 2009, about 73%
were retail clients who contributed approx. 50% to the trading volume. In FY 10, the
company earned 62% if its revenue from trading in equities.

Page 33
 (3.2) AWARD & RECPGNIZATION

Jhaveri securities pvt ltd is a Gujarat leading broking house with a strong and
stable position in the financial market and having experience in financial services,
capital market, mutual fund distribution and have varied skills set to business.

AWARD

2015 - NSE appreciated for supporting in making the nifty 50 INDEX

DERIVATIVES CONTRACT. The word’s largest TRADE INDEX OPTIONS
CONTRACTS IN 2015.

2016 – NSE awarded for being among the top performing member Birla Sun life-
awarded for the valued contribution towards mutual funds

2017 – Birla Sun Life – In proud to recognize our Dimond Club Member ICICI
Prudential - SIP champion

HDFC Mutual Fund – awarded for being winner Elite Black.

2019 – NSDL Star performer awards –

Top performer in active accounts to (DPS) – 2nd position

Ledger in Go Green Initiative – 3rd position.

Jhaveri securities Pvt.Ltd. is also recognized by D & B (Dun &U Bradstreet).

D & B India reached out of almost 300 equity & commodity broking firms located
across India.

Page 34
 HUMAN RESOURCE PLANNING

INTRODUCTION: -

The company’s HR Department plays a significant role in day-to-day life

activities. Its activities and functions are related with other departments. The
department is base on the following core values.

- Jhaveri’s HR Department is located at Vadodara.

1. Changes.

2. People development.

3. Security.

4. Team work.

5. Integrity.

Job Analysis

“Job analysis can be defined as the procedure for determining the duties and skills
requirements of a job and the kind of person who should be hired of it”

Page 35
 HUMAN RESOURCE PLANNING

After doing job analysis they always do Human Resource Planning as we know
that success of any organization depends upon the quantity and quality of its human
resource. Jhaveri has accepted a strategy of putting right person on the right job. They
do HRP for one year period.

They do HRA on the basis on future supply of human resource. They are done HRA
on continuous basis.

Recruitment and selection policy: -

The upper level member like zonal managers, regional managers, branch managers
and senior executives are recruited by publishing recruitment advertisement in leading
state level newspaper. The qualified applicant is than called for interview and
selected.

Recruitment criteria in the company areas follow

1. Finance knowledge.

2. Product knowledge.

3. Subjective knowledge (marketing, HR etc.)

4. Communication skills.

5. Presentation skills.

6. Integrity.

7. Calculating speed.

Page 36
 TRAINING AND DEVELOPMENT

Training needs analysis is done on a regular basis and systematic

methodologies are ensured that skills and capabilities of all employees are constantly
upgraded to enable them to perform in the challenging work environment.

New employee has given training under experienced employee. The new
employee work under experienced employee and observe hi all activities. When
company brings new technology or there is any change in the working of company the
training programme is arranged.

Page 37
 3.4 FINANCE AND ACCOUNTS

INTRODUCTION: -

The primary purpose of any business is to earn profit’s, to earn profit business
has to produce goods or render services. To do either, management of business must
have adequate supply of funds. It is the responsibility of the finance department to
ensure the supply of the needed funds. Financial management is the application of
planning and control to the finance function of a business to ensure that the funds
needed are raised and used effectively for its benefits. Financial management means
procurement of funds at minimum cost and its effective use in order to maximize the
wealth of shareholders.

The financial work is handled by the head office of the company in Vadodara. Head
office is keeping all the data of all branches and making financial reports.

- The company finance department is divided into two parts

1. Account department

2. Banking department

1.1 Function of account department

I. Payment of expenses

II. Final accounts

III. All types of taxes

IV. Daily or time to time banking match

V. Pay in pay out

VI. Collection of cheque & entry maintenance

VII. Enquiry & third-party cheque.

2.1 Function of banking departments

a) Capital structure maintenance

b) Pay in pay out of cheque with exchanges

c) Maintenance of OD

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 3.5 SWOT ANALYSIS OF JHAVERI SECURITIES

STRENGTHS: -

1. Employees are highly empowered.

2. Strong communication network.

3. Good co-operation between employees.

WEAKNESSES: -

- High employee turnover.

OPPORTUNITY: -

1. Growth rate of mutual funds industry during last year and it expected that this
rate will be maintained in future also.

2. Marketing at rural and semi urban areas.

THREATS: -

1. Increasing number of local players.

2. Past of mutual funds.

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4.DECISION
MAKING

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 4.1 STARTEGIC DECISION AREAS AND DECISION-
MAKING PROCESS

The Indian economy registered a GDP rate at 6.9% in the year 2011-12 &
able decline the GDP rate up to 5.3% in the year 2012-13 due to the deteriorating
global outlook. The current economic scenario is loaded with the high fiscal, trade
& current account deficits, a week rupee vulnerable to speculative trends of
market mechanism. However optimistic to sustain & grow in the term of volume
and income.

The company’s operation are continued to be focused on commodity

market, derivative market related activities to explore additional opportunities in
area related to its operation.

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4.2 TACTICAL & OPERATING DECISIONS AND DECISION-
MAKING PROCESS

For making tactical and operating decisions organizations has not look to
only one side but it should look to both the side of the thing and should thing
broadly.

The company’s focus is to give further impetus to the commodity business.

Considering the huge untapped potential and also the fact that commodity furthers
trading through exchange is in its nascent stage in India. Our attempt to
administrative cost has given desired result and we expect that in the coming years
with renewed focus on higher business generation we shall be able to perform
better.

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5.FINANCIAL ANALYSIS

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5.1 PROFITABILITY OF THE FIRM

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5.2 KEY FINANCIAL RATIO &
INTERPRETATION

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5.3 BALANCE SHEET

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 5.4 MY LEARNING FROM THE STUDY OF
THE ORGANIZATION

Training is a great opportunity for me to learn some practical knowledge the

company which I get for training JHAVERI Securities were I learn very first & most
essential thing in any organization that is soft communication skill, I learned how to
talk with people and how to handle them.

After joining JHAVERI Securities, I learned basic concept of share market &
commodity market.

In my training I learn how a small change in economy or in any company’s

affairs how directly affect to the stock market, and by this how price of the share
fluctuates.

I also learned about approach of the organization in any situation or in any

difficulties they are always having positive attitude.

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6. OVERVIEW OF THE
PROJECT

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 6.1 IMPORTANCE OF THE STUDY
OF THE ORGANIZATION

There is need to have proper understanding about stock market to the investors
so by having this research report conducted by JHAVERI SECURITIES. So it can be
done through by giving advertisement in local channels, newspapers, by sending E-
mails to present client etc.

By having detailed research data about stock market company can thing about
future investment of their customers and can give more and more inputs into it.

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 6.2 OBJECTIVE OF THE STUDY

PRIMARY OBJECTIVE

1. To study the mechanism of share market.

2. To analyze the view of stock market, commodity market, derivative market in

JHAVERI Securities.

SECONDARY OBJECTIVE

1. To know the investment of stock trader, commodity trader, derivative trader

and people.

2. To know which stock or commodity they prefer to invest.

SCOPE OF THE STUDY

This study is limited to only BHAVNAGAR city the study is carried out to
know the awareness level of stock market and commodity market in JHAVERI
Securities.

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 7. CONCLUSION

Share market is old and emerging market. The understanding of

the share market especially commodity market lacking among the
investors. who can this trade to sell the product without the middle man
and agents it also help the actual buyers too. Here traders can also transfer
his risk to some other who can handle it or can appetite the risk through
hedging techniques.

Compared to capital market commodity market is less risky in

volatility context here the prices do not change within a fraction of
seconds, significantly minimum margin ready physical possession, no
manipulation and frauds, maximum profitability is available over here
since the commodity market helps all such as farmers, industries and
individual investors it is growing at a faster rate in global outlook.

In proper direction, genuine information and recommendation by

Jhaveri securities will be provided to their clients so they will invest in
commodity market and stock market also because if they are not proper
information they cannot think to invest.

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 8.BIBLIOGRAPHY

 Pandey I M (2009), financial management, Vikas publication

 Financial data of the company take from capital line database.

 The websites used for research are below

1. www.bseindia.com

2. www.mcxindia.com

3. www.sharemarketbasics.com

4. www.moneycontrol.com

5. www.jhaveritrade.com

6. www.ncdex.com

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