A PROJECT REPORT ON

JYOTI ENGINEERING CO.
PREPARED BY VADHER ASHOK ROLL NO. 36 SECOND YEAR B.B.A. GUIDED BY MRS. DINA MADAM ACADAMIC YEAR 2008-09 SUBMITTED TO SAURASTRA UNIVERSITY RAJKOT SHREE H.N.SHUKLA COLLEGE OF IT & MANAGEMENT RAJKOT

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PREFACE
I have a great pleasure in presentation of this project on JYOTI ENGINEERING CO. industry which is the practical study of the above company. B.B.A. is the abbreviation of bachelor of business administration and management and it is a professional requires the situation exists in practical so, far as my practical report is concerned. In this report there are various sections which give the actual idea about finance, personal marketing which is the most important department of the company. I have got lots of knowledge through the practical study of the company and I have got knowledge of administration and marketing so, I am very much thankful to the organization collage and Saurastra University.

Acknowledgement
The project report on JYOTI ENGINEERING CO. industry was very exiting for which I have thank the principal MR. SDR MEHUL SIR who allowed me to visit this industry.

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I am also grateful to PRO.DINA KANANI project in charge of S.Y.B.B.A. who really helped in making my project by guiding me. My sincerest thanks to MR. BHARATBHAI PATEL owner of the company who gave me all the information regarding JYOTI ENGINEERING CO. industry my taking out time from his busy schedule.

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Declaration
I undersigned MR. VADHER ASHOK the student of S.Y.B.B.A. by declare that the project work presented in this report is my own has been carried under the supervision of PRO.DINA KANANI of H.N.SHUKLA COLLAGE OF
IT & MANAGEMENT, SAURASTRA UNIVERSITY RAJKOT.

This works has not been previously submitted to any other university for any other examination. DATE: PLACE: SIGNATURE OF STUDENT ASHOK) (VADHER

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INDEX
SR. NO. CONTENT PAGE NO. 1 GENERAL INTRODUCTION 6 2 PRODUCTION DEPARTMENT 19 3 MARKETING DEPARTMENT 28 4 FINANCE DEPARTMENT 39 5 PERSONAL DEPARTMENT 50 6 FUTURE PLAN 70 7 SUGGESTIONS 72 8 CONCLUSION 74 9 BIBLIOGRAPHY 76

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Index
SR. NO. 1 2 CONTENT INTRODUCTION PROFILE OF THE COMPANY
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PAGE NO. 8 9

3 4 5 6 7 8 9

HISTORY & DEVELOPMENT SIZE OF ORGANIZATION FORM OF ORGANIZATION LOCATION OF THE COMPANY BENEFITS OF ESTABLISHMENT LOCATION & PLACE GENERAL ORGANIZATION STRUCTURE GOAL OF THE COMPANY

11 12 13 15 16 17 18

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Introduction
JYOTI ENGINEERING CO. is located at Plot no. K-1/5. Aji. G.I.D.C., Nr. Anchor polymers, Rajkot – 360002. This unit was established in 1996. This is a medium scale industry; JYOTI ENGINEERING CO. industry is one of the gas parts manufacturing company. The growth of JYOTI ENGINEERING CO. is well received and acknowledges in India. We at JYOTI ENGINEERING CO. theory exploited and have new become a name in the national market to expansion of JYOTI ENGINEERING CO. lead to continue demand for various types and size of gas parts such as LPG burners etc.

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Profile of the company
1. Name of the company: JYOTI ENGINEERING CO. 2. Address: Plot no. K-1/5, Aji, G.I.D.C., Nr. Anchor polymers, Rajkot – 360002. +91-2812389700/6452700. +91-281-2389700. Bd_Pat@hotmail.com

3. Telephone no.: 4. Fax no.: 5. E-mail:

6. Forms of organization: Privet sector. 7. Company owner: 8. Size of unit: BHARATBHAI PATEL. Small scale industry.

9. Year of establishment: 1996. 10. Weekly rest day: 11. Time keeping: p.m. Monday. 8:00 a.m. TO 8:00 Recess: 12:00 a.m. TO 2:00 p.m. 30. 30 lacks.
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12. Total employee: 13. Turn over:

History and development
MR. BHARATBHAI PATEL owner of JYOTI ENGINEERING CO. and the company established in 1996 in Rajkot. MR, BHARATBHAI PATEL has started JYOTI ENGINEERING CO. They were producing only L.P.G. burners for gas. Now days because of great relation and superior quality company produce many types of L.P.G. burners and original gas equipment and today because of excellent performance they have lots of satisfied customers in India as well as international market. They were treatment progress of JYOTI ENGINEERING CO. during 19 to 19 and they expand their business in international market.

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Size of organization
The classification bases on the basic of size in identified in term of capital investment as per size of organization divided in three categories are as follow. It starting investment of company is less then 3 cores then it is consider as small scale industry. It is between 3 corers to 100 corers then it is consider as medium scale industry. It is more then 100 corers then it is consider as large scale industry. JYOTI ENGINEERING CO. was started with starting investment of 3 corers so we can obviously consider that JYOTI ENGINEERING CO. is small scale industry.

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Form of organization
Forms of the organization can be classified in three categories on the basic of ownership.  Private sector.  Public sector.  Joint sector. 1)PRIVATE SECTOR: Private sector is those sectors who owned, managed and controlled by private individual. The followings are the type of private sector. Sole proprietorship Partnership Hindu undivided family Co-operative society 2)PUBLIC SECTOR: Public sectors are the forms of organization established for public goods under a special act of assembly deriving independent entity and internal autonomy through the same act FOR EXAMPLES: Government Sector Public Sector Government Department 3)JOINT SECTOR:

   

  

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Legally the joint sector is an artificial person created by law for carrying on some business by an association at person. It asserts that a company has a legal entity of its own in the sense that it has powers and characteristics determined by the provisions of law and a constitution formed in accordance with them. From above discussion we can simply say that JYOTI ENGINEERING CO. is a partnership organization.

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Location of the company
Site selection is an important activity which decides the business. A good location may reduce the cost of production and distribution helps in elevating either the competitive strength or the profit margin of the business. Location of the unit is most important factor for company. Because company start all activity from location and growth and development of any company is largely depend on location. Location is must be selected after long thinking because it is a life long decision. Company has to consider following factor at time of selection of location. JYOTI ENGINEERING CO. has choose ideal location it is located at Plot no. K-1/5. Aji, G.I.D.C., Nr. Anchor polymers, Rajkot -360002.

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Benefits of establishment location & place
One of the early decisions that on entrepreneur have to make is the choice of a location or place it is nothing but establishing and industry at a particular place. The objective of getting more profit is achieved only when the plan is at a right place where economics of all kind in production is available. BENEFITS: The company located at near the high way and company can get raw material and transport facilities easily. Company located at aji G.I.D.C.S. so it gets powers and fuel labors and finance easily. It is in G.I.D.C. area so; they can also get government help. The advertisement can also be increased because establishment near to highway.

General organization structure
Organization chart is for providing information relationship an organization chart is diagrammatical structure is group of persons who are working in the firm IT gives guideline regarding superior and subordinate relation.
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CHART OWNER GENERAL MANAGER SUPERVISER WORKERS

  

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GOAL OF THE Company
Each and every organization has one common objective and that is profit. JYOTI ENGINEERING CO. has also the object of profit but it is in reasonable proportion objective of JYOTI ENGINEERING CO. are as under.
 To get reasonable profit.  Create more and more customers and

satisfy them.  Try to improve every next production.  Maintain international standard.

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INDEX
SR. NO. 1 2 3 4 5 6 7 CONTENT INTRODUCTION ORGANIZATION CHART PRODUCT OF THE COMPANY PRODUCTION PROCESS RAW MATERIAL USED IN THE PROCESS QUALITY CONTROL PACKING PROCESS PAGE NO. 21 22 23 24 25 26 27

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Introduction
Production is the heart of any industry. All the activities start with production in the company. It is necessary that production department run effectively and efficiently. Because, if company runs production effectively and then company can run other activity forward. “production is an organized activity of converting raw material in to final product.” Every process of converting raw material in to final goods is known as production process. Production means creation of activities and the covers all the activities procurement, allocation, and utilization, of material equipments, machinery etc. to satisfy customers needs and wants and desire. In JYOTI ENGINEERING CO. Mr. Keshubhai is the head of production department. He looks after every activity of production department very effectively and efficiently.

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ORGANIZATION CHART
OWNER

PRODUCTIN MANAGER QUALITY CONTROL DEPARTMEN

ENGINEER

SUPERVISO R

R&D DEPARTMEN T

WORKERS

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Product of the company
All managerial activities revolver around product it is the basic thing to be thought. Many units misunderstand the concept of product and give only importance to physical goods rather then it service it doesn’t mean that they should ignore physical appearance but benefits of goods should be carried because customers have direct relation with benefits. JYOTI ENGINEERING CO. was start with producing L.P.G. burners but now days the company producing many types of L.P.G. The company products are as under.
     

L.P.canteen burner Bottom burner Torch burner Mixing tubes H.P.fiting adapters L.P.G.valves

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24

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Production process
C.I.CASTING  TURNING  FITTING  PAINTING  PACKING  DISPATCHING

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Raw material used in process
For each and every product there are some materials which are transferred in to the final product it is known as raw material for that product. Production is start with raw material. Raw material is the basic component of product; raw material cost is the major cost in the all of the product. JYOTI ENGINEERING CO. uses c.i.casting as a raw material to produce L.P.G. burners and equipments Flour mills. They use only c.i.casting as a raw material. JYOTI ENGINEERING CO. always uses good raw material in the production process. They never fraud with their suppliers. The company purchases the raw material from Rajkot city and Mumbai city.

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Quality control
JYOTI ENGINEERING CO. is very conscience about quality of product. They use latest machinery and equipment for best quality. This company is well equipped with chemical analysis laboratory for analyzing the chemical composition of prime raw material c.i.casting. Main function of laboratory is to verify the chemical composition of c.i.casting as per IS/ISO norms. The burner fatness and vibration tester is used for checking the noise and vibration H.P.canteen burner, torch burner, R.V. burner, mixing tube. This instrument is used for upgrading the quality of JYOTI ENGINEERING CO.

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Packaging process
Packing is very important because without proper packing it may possible that product get damage. Each burner is packed in flexible laminated pouch.  Individual box packing.  Wooden case packing as per STD quality.  After completing of packing each preserve in bounded store room.

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INDEX
SR. NO. 1 2 3 4 5 6 7 8 CONTENT INTODUCTION ORGANIZATION CHART PRICING POLICY ADVERTISEMENT CHANNEL OF DISTRIBUTION SALES PROMOTION MARKET SHARE MAJOR COMPETITIORS PAGE NO. 30 31 32 34 35 36 37 38

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INTRODUCTION
Marketing is nothing but to try to people make aware about our product. Marketing is social and managerial process. By which individual and group obtain what they need through marketing. The American marketing association offers the following definition. “Planning and executing the conception, pricing, promotion and distribution of ideas, goods and service to create exchange that satisfy to create exchange that satisfy individual and organizational goals.” The marketing management represents the functional areas of business management for the flow of goods and services from producer to consumer. It looks after marketing system of the enterprise. Marketing management performs all managerial function in the field of marketing. Marketing management is the art and science of choosing target market and getting, keeping and growing customer through creating delivering and communicating superior customer value.

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ORGANIZATION CHART
OWNER

GENERAL MANAGER

MARKETING MANAGER

EXECUTIVE

DEALERS

ASSISTANCE

SUB DEALERS

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Pricing policy
Price of the product or price decision plays a very crucial role in the development of any industry. Factor Company should sale their goods at that price which includes all expanses and reasonable profit. JYOTI ENGINEERING CO. includes following cost for decide the price of the product.  RAW MATERIAL COST: JYOTI ENGINEERING CO. includes cost of raw material. In raw material they use raw material as c.i.casting and cost of c.i.casting are included in the price of the L.P.G. burner.  PROCESS COST: In the process cost they include electricity expanses, machinery expanses and wage expanses.

MARKETING COST: Expanse which is done for the marketing or selling are to be included in marketing cost like advertisement, transport and other selling expanses. ADMINISTRATION COST:

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Office expanse like telephone bill, stationary expanses etc. are to be included in to administration cost.

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ADVERTISEMENT
Modern market as a competitive market. Now days the advertising is a powerful tools increase the sales. None of the company can stand in market without powerful advertisement. It is inseparable part of the business advertisement is one way communication between the producer and consumer. Now day’s newspaper, radio, television, hording etc. are media of advertisement. JYOTI ENGINEERING CO. uses as media of advertisement as under,  Handbag  Telephone diary  Telephone directory  Business magazine

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Channel of distribution
The company can not sale its goods directly to the customers they need to create a channel to distribute goods to the customers and this channel is known as distribution channel or market channel. It is set of interdependent organization involved in the process of making product or service available for use of consumption. Market channel performs the work of moving good goods from producer to consumer. It overcomes the time, place and possession gapes that separate goods and services from those who needed or want them. JYOTI ENGINEERING CO. follows the following distribution channel to distribute goods to the customers.

MANUFACTURARER  DEALERS  WHOLESELER  RETAILERS  CUSTOMERS

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SALES PROMOTION
Sales promotion includes those marketing activities other then personal selling, advertising and publicity at stimulating consumer for purchasing. Sales promotion means to efforts to increase the sales. It is necessary today to increase the sales. It is part of marketing in short it is extra facility given to the customers. Such activities are promoted shows, exhibition and demonstration fair and many other activities are done. In short all those activities done by the company that helps to increase the sales of the company. JYOTI ENGINEERING CO. gives different schemes to the customers and they give burner in various weight, price and size to increase the customers and because of their efforts their sales was increase in year to year.

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Market share
Market share means the proportion of sale of the company’s goods out of whole sale of same goods in a country, state or city. In total sale of L.P.G. burner market sale of JYOTI ENGINEERING CO. brand burner is more then 15%, Means Company have 15% market share in L.P.G. burner market.

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Major competitors
Competitor is very good for the customer because they can get better quality in cheaper. Competitors are playing a major role in marketing some time they become reason of success of a unit is an every unit accept them as challenge. The entire unit must knowledge of competitor activities and their strengths they includes features and development activeness of the company or firm because to develop new products are the basic and fundamental of competition market. This plays role of competitor against their organization. In the market there are many companies which are producing same kind of goods. These companies are known as competitors of particular company. In case of JYOTI ENGINEERING CO. there are many competitors L.P.G. burner in the market like hiten light, M.B.I. engineering.

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INDEX
SR. NO. CONTENT PAGE NO. 1 INTRODUCTION 41 2 ORGANIZATION CHART 42 3 FINANCE PLANNING 43 4 CAPITALIZATION 44 5 CAPITAL STRUCTURE 45 6 MANAGEMENT OF WORKING 46 CAPITAL 7 MANAGEMENT OF FIXED 47 ASSETS 8 PROFIT & LOSS ACOUNT 48 9 BALANCE SHEET 49

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Introduction
Finance department of any company is very important and very necessary because finance is the soul of the company. In other words finance is for business. Without finance business is not important. For utilization of different activity what ever amount is received from different sources for certain objectives is known as finance. Finance is life blood for any organization. According to Solomon, “Finance management is concern with the efficient use of an important economic resources namely capital funds. Finance management refers to acquisition utilization and maintenance of amount received from different sources to be utilized in different activities to achieve certen an objective. The main purpose of finance department is providing to finance of the marketing department and production department.

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ORGANIZATION CHART
OWNER

FINANCE MANAGER

ASSISTANT MANAGER

FINANCE EXACUTIVE

ACCOUNT & AUDIT OFFICER

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Financial planning
Finance is that function of organization which should be used in proper way. There is always scare of finance in an organization. The financial manager should have planning of finance. One of the most important functions of the manager is that of planning. In order to formulate plans he must first know his company’s immediate position. Financial planning is essential and profitable use of funds a use which is determined by realistic investment decisions. The success or failure of production and distribution department depends upon the manner in which the finance is performed. In JYOTI ENGINEERING CO. Mr.Laljibhai is head of finance department. He makes all planning of finance in Jyoti engineering co. He collects finance at lowest rate and makes proper use of it. He makes records finance and study the financial condition of Jyoti engineering co. He makes planning for both long term and short term. In such plans, they make budget which standard and actual performance and results are regularly compared with these budgets. These activities help them to control expenditures if they run beyond the budget.

CAPITALIZATION
According to A.S. dewing “The term capitalization or the valuation of capital includes the capital stock and debts.” Capitalization indicates the total pure value of outstanding amount of debentures capital and the face value of other long term obligation.
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 OVER CAPITALIZATION: Over capitalization mean over investment of capital and far from optimum investment. Some times the planning and the decision for any business are done without estimate the problem of over capitalism arise.  UNDER CAPITALIZATION: Similarly under capitalism is also not acceptable for the business as well increases depreciation and finally it will be harm full for business calculator. As JYOTI ENGINEERING CO. is a private limited they have not provide method information about capitalization.

Capital structure

Economics speak of capital as wealth, which is use in the production of additional wealth. It is permanent financing of a firm represent by long term debt. Plus preferred stock, plus net worth in the Jyoti Company’s capital structures is as given bellow. Share capital Rs. Authorized share 2500000 capital reserves and surplus 2026700 Borrowed capital Secured loan 1499000 Unsecured loan 1042100

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Management of working capital
In simple words working capital means current assets but in economics working capital is requires for cover the operational expenditure of enterprise. Working capital some time it called as new working capital. It represented by excess of current assets over current liabilities and identifies the liquid portion of total enterprise capital, which consist the margin of butter for maturing obligation with in the ordinary operating cycle of business. Working capital is most important part of every business unit. This should be enough working capital in business. Generally working capital is considered as different between current assets and current liabilities. In JYOTI ENGINEERING CO. they have ideal ratio of working capital as follows Working capital = current assets – current liabilities.

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MANAGEMENT OF FIXED ASSETS
Company is very careful about it’s fixed because fixed assets are very much important in any of the company. Every company is managing the fixed assets. Fixed capital is that capital which is used for long time period. This capital is not purchased for selling purpose but they are purchased to use it. Fixed capital include land, building, machinery etc. these all assets are purchased for long time period. To keep it for long time and to use it in best way company requires managing it. JYOTI ENGINEERING CO. has fixed assets of Rs.32, 47, 56,300 and they used it at best way. The company adopted straight line method for count depreciation on assets.

PROFIT & LOSS ACCOUNT
Profit and account of year ending 31/3/06
PARTICULER AMOUNT Salary and 3306000 wages Administratio 6103000
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PARTICULER Gross profit Indirect income

AMOUNT 35417800 2278100

n exp. Advertisemen 4643500 t exp. Net profit 23643400 3769590 0

3769590 0

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Balance Sheet as on 31/3/06.
LIABILITIES AMOUNT ASSETS AMOUNT

BALANCE SHEET
74434000 40600000 63028000 27813000 406240 10611040 25710604 0

Owner capital General reserve Secured loan Unsecured loan Current liabilities Provision

Fixed 163878150 assets Current 93227890 assets

25710604 0

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INDEX
SR.NO CONTENT
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PAGE

1 2 3 4 5 6 7 8 9 10

INTRODUCTION ORGANIZATION CHART TIMEKEEPING SYSTEM MANPOWER PLANING RECRUITMENT &SELECTION TRAINING DEVELOPMENT INDUCTION PROGRAM WAGES & SALARY ADMINISTRATION TRANSFOR & PROMOTION FACILITIES PROVIDES TO EMPLOYEES

NO. 52 53 54 55 56 59 61 62 64 66

INTRODUCTION
In business every activity are done by man. Manpower is most important power in every organization. It is necessary that to use manpower in such way so that maximum outcome is possible. There is need of

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personnel management in an organization to get maximum output. “Personnel management is planning, organizing, directing and controlling of procurement, development, compensation, integration, maintenance and separations of human resources to the and that individual, organizational and social objectives are accomplish.” -Flippo In JYOTI ENGINEERING CO. Mr. Kaushal Vadher is head of personnel management. Their work as a personnel manager is very nice. Because he never gives any chance of arising problems.

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ORGANIZATION CHART
In any of the company is most important thing is organization structure. All the companies’ organization structure is different. In some of the company top to bottom and in some of the company bottom to top level organization structure. Company requires or needs which type of structure of the company work. In this company organization structure is top to bottom level. This company takes decision at top level.
OWNER

GENERAL MANAGER

PERSONAL MANAGER

CLEARK

RECEPTIONIST

TIME KEEPER

COMPUTER OPRATER

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Time keeping system
Time is most important for every one time never stop for any one. We should use our time properly. Time keeping system is very essential for the regulation of employees and for maintaining the productivity of the unit. JYOTI ENGINEERING CO. believes that every work should be done in time. It believes that work which is done after definite time period. JYOTI ENGINEERING CO. is very strict as far as time is concern. In JYOTI ENGINEERING CO. there is card system. Everyone has to write their entry time and leaved time. General shift of company is as under. Day shift: 8.00a.m. TO 8.00p.m. Recess: 12.00a.m. TO 2.00p.m.

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Manpower planning
Manpower is the most important power to handle the firm. Once this arrange taste is easy. Manpower planning is a process to ensure that the right people processing needed skill of the right time is available to perform the JYOTI ENGINEERING CO. is follow such a process. If any workers have certain skill company will try to develop his/her skills and gives a chance to implement it. In JYOTI ENGINEERING CO. there are two types of employees. 1. Unskilled employees - 20 2. Skilled employees - 10 The total figure of manpower of JYOTI ENGINEERING CO. is about 40.

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Recruitment & selection
Recruitment and selection is a very important work in any of the company. Any company has good machines but workers are not properly so goods are maid not good.  RECRUITMENT: Recruitment is the process of searching for prospective employees and stimulating them to apply for job in the organization. There are main two sources for recruitment. 1.Internal sources. 2. External sources. JYOTI ENGINEERING CO. adopts both the type of sources for recruit person. For unskilled worker they use internal sources they get unskilled workers on reference of current or previous workers and for skilled workers and official staff they use external sources, they give advertisement in NEWS PAPER and recruit employees.  SELECTION: “After application of recruit numbers of employees are secured through different method or recruitment, selection process begins. the main purpose of selection procedure is to find the right man for job.” Selection means to choose qualified persons out of all. JYOTI ENGINEERING CO. has they own system to select an employee. They arrange interview, take test according to
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post, and then they select right person for right job. Selection refer to select the employee who is most efficient in work will be selected to fill up the vacancies at managerial level; they ask the applicants prescribed application form. An applicant is required to fill up a matter of the application from of which following are more important.  EDUCATION: To apply for the job at managerial level in this unit, the applicant must be qualified.

EXPERIENCE: Experience of the applicant is very important and they also require the name of the last employer and reason to leave that job. REFERENCES: To apply for the job at managerial level in this company, the applicant must be having a reference of either an employee of this unit or of a well- known person. After studying all the applications applicants are called for an interview and they required employee and workers are selected.

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TRAINING AND DEVELOPMENT
Training is very important for company. For employee in making product. So training is the act of increasing knowledge and skill of workers for doing specific job. If employee make product without training they may be make mistake in product, so it makes bad impacts on the customers so it makes impact on the product. So every company must have trained employees. Training and development is necessary for every worker. Workers can improve their capacity through for getting work efficiently and affectively. JYOTI ENGINEERING CO. gives training to workers by two methods. On the job training Off the job training

ON THE JOB TRAINING: Through this method they provide training to workers. First, supervisor provides training to worker practically and observing that worker to works according to that. OFF THE JOB TRAINING: Through this method they provide training to office staff. They arrange lecture,
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conference or case study in factory premises or out of factory premise. DEVELOPMENT: Development is also one kind of training for development of the workers. Company arranges various seminars by other agencies. The main purpose behind it is they learn about leadership, effective communication, decision making power and other skills. The company supervisor of takes the responsibility to train the new workers in the organization. The process of development is done for employee at high level.

Induction program
Once a candidate selected at place on he should be introduces in company policies and programs to his superiors and with company workers. It is a welcoming process to the new comes. When a new person joins the company he person may feel nervures in beginning. As per Armstrong “Induction is the process of receiving and welcoming employees when he first joint company and giving basic information, he meets to down quickly and happily start work.”
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In JYOTI ENGINEERING CO. company induction program held by H.R. manager he provide all the information such as company history, growth, personal policy, rules of discipline, detail regarding Facilities provide in the company, relation between employer and employees, information about holidays and working and working hours etc.

Wage & salary administration
Wages salary is reword of work for every employee wages or salary should be rational and enough for employee’s work. Wages means price paid for the use of labour according to dale Yoder and Heneman, “wages are the compensation of the wage earner. The numbers employees who use the tools and equipments at employee in producer produce goods and service that are sold by their employees”. Basic purpose of wages and salary administration is to establish and maintain effective wage and salary structure. Proper and regular wages and salary helps to avoid industrial disputes moral of worker and efficiency of worker.
 

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JYOTI ENGINEERING CO. gives Rs.70 to unskilled worker and Rs.120 to Rs.150 to skilled workers. They give wages on daily basic at the end of month. They give minimum Rs.3000 and maximum Rs.10000 on the basic of post of employees. For the engineer salary Minimum Rs.10000/- per month to Rs. 25000/- or more. Because of good wages and structure they never find any problem related to salary or wage.

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Promotion and transfer
PROMOTION: In any industry promotion is most important because without promotion workers interest in work decreases. Promotion is very requiring in this industry workers experience and work is good at that time give a promotion. Promotion means to increase the authority and responsibility of an employee by increasing his post. An organization can give promotion by two ways. On the basis of seniority. On the basis of performance Promotion on the basis of seniority considers the number of year in which employees perform that work and promotion on the basis of performance consider talent and power of employee. JYOTI ENGINEERING CO. gives promotion to the employee on the basis of performance because it is private company. If they will found the satisfied performance then they promote the employee.

TRANSFER: Transfer means to change the work place of employee without changing his post, authority, responsibility or salary. Transfer possible in any way such as
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   

One shift to other shift One department to other department One organization to other organization One city to other city etc. In JYOTI ENGINEERING CO. they transfer employee to other department if they needed, but transfer him to another place is not possible because they have only one premise.

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Facilities provide to employees
Employees and workers are valuable assets of organization. To get more work and maintain their interest toward work only salary is not enough to motivate an employees. Non financial incentives are also require motivating the employees. Management is concerned with attract in and keeping employees whose performance meets at least minimum level of acceptability. The provision of “benefits and services” is important in maintaining the employees and reducing of keeping turnover and absenteeism low. JYOTI ENGINEERING CO. provides many facilities to motivate the employees. They provide following facilities to the employees.

1.

1. CANTEEN FACILITY: JYOTI ENGINEERING CO. has its own canteen for its employee is provided quality foods. They also provided tea and breakfast for employees. The company also offers soda water to the employee in the month of April, May and June. SAFTY EQUIPMENT:

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2.

JYOTI ENGINEERING CO. is very conscious for safety of employees. They provide Helmet, goggles, glows, etc. on their job. MEDICAL FACILITIES: Company provides facilities of medical check up a physician checks every employee and on every Friday, an E.N.T. surgeon on dental surgeon or a skin specialist checks the employee. Apart from this a chest X-Ray of every employee is taken every three years. Also there is a pathology lab, cardiogram machine and a doctor’s room at the industrial site itself.

3.

4.

5.

3. ANNUAL BONUS: Every year at a time of Diwali they provide bonus to every employees and workers as per their job status. BIRTHDAY GIFT: Each employee is given a gift on his/her birthday that also from the general manager. UNIFORM FACILITY: In order to create Environment where the workers breathe the air of unity and also to make them feel that they all are a part of one family the company provides them uniform which is common for its entire employee i.e. from management to workers. To work man they provide strong cotton uniform and to office staff they provide terry cotton uniform. CULTURAL ACTIVITIES:
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6.

The company arranges cultural programs for its employee. Here they celebrate all national festivals like 15th August, 26th January etc. and at the time of other festivals like Holi, Diwali, and Navratri etc. with its employees. GIFTS ON COMPLETION OF CERTAIN YEAR OF SERVICES: The company gives gifts to its employees on completion of certain years of their service. After 20 year of service they give wrist watch. After 25 year of service they give Rs. 12,000. After 30 year of service they give Rs. 15,000. Very few industries provided so many facilities to their employee and treat each one of them so personality and JYOTI ENGINEERING CO. is one such company it is India’s pride.

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FUTURE PLAN
JYOTI ENGINEERING CO. is progressive company. It exports their product in many countries and it has following future plans. - They have purchased a land in G.I.D.C. Metoda at kalawad highway and they are going to set latest machinery and equipment over there. - They have purchased another building in Aji industrial area, and they are going to start producing over there in short time. - They are trying to increase market share in burner market. - They people are trying to reduce actual cost of the product and want to give more benefits to the consumers.

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SUGGESTION
Actually we are just student and to write something as a part of suggestion. It is not or capacity but this B.B.A. faculty has involved. Practical study in B.B.A. course, so student have to work as their report. JYOTI ENGINEERING CO. is well developing company and it is doing its job very well but after visiting JYOTI ENGINEERING CO. Introduction would like to say something for the JYOTI ENGINEERING CO.  The area where ‘JYOTI ENGINEERING CO.’ Company situated is not enough for company’s production so that they should have to expand it.  Second thing is that they should advertise their product by any media. I think to achieve their goal advertising is the beat way to making a good image in market.  Company needs to increase sales promotion activities. Hence I wished that company will try to remove its faults as soon as possible and expand their business. I wish delight and bright future for coming years.

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CONCUSION
After visiting JYOTI ENGINEERING CO. I feel very glad that I had been part of it for sometime. This visit gave me much practical knowledge and a very good experience. The unit is also enquired with the latest technologies and modern machines. The staff and workers are also well organized and Cooperative. I have only learned a view about the working of finance. Personal & marketing but have also learned as the technical and manufacturing fields are concerned. Looking to the units properly and orderly management, I would like to give my best wishes for each and every step they take for expansion and for attaining a bright future.

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BIBLIOGRAPHY
For general information Company website – WWW.REAINDIA.COM  For other information Marketing management

Principle and practice of management Financial management

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