OBJECTIVES OF THE STUDY

y To gain practical knowledge of the functioning of an organization and gain experience out of it. y To understand the hardships to success in the organization y To gain knowledge with regards to Joint venture and Diversification.

INDUSTRY PROFILE
 Fiberglass, developed in the late 1940s, was the first modern composite  Composite materials are engineered materials  high-performance products that need to be lightweight, yet strong enough to take harsh loading conditions such as aerospace components, boat and scull hulls, bicycle frames and racing car bodies  Modern aviation, both military and civil, is a prime example

COMPANY PROFILE

 established in the year 1995  manufacturing unit processing FRP industrial equipment with workmen strength of 10 and building space of 250 m,  catering to a wide market such as Railways, Automotive, Chemical, Industrial, Medical Diagnostics, etc.  recently field of advanced composites for Aerospace applications making its competitive standard known  now operates from two manufacturing locations in GOA with over 10,000 m2 work space.  "Best Supplier of the Year" award multi-national customers in USA, consecutively for two years for 100% performance of prompt and quality assured delivery

Organizational Highlights
 wide spectrum of composites for Aerospace, Defense, Railways, Automotive, Motorsport, Telecommunication and Chemical Industries etc.  Its Comprehensive expertise covering manufacture of Composite parts and tooling using Glass, Carbon and Aramid reinforcements is in combination with a range of Polyester, Vinyl Ester and Epoxy.  process capabilities which include vacuum bagging/prepreg autoclave moldings, multi axes CNC filament winding, resin transfer moldings, resin infusion, spray-up and conventional hand lay-up.  Over 15 years of performance history in the Composite Industry with several innovative product developments to its credit.  It earns around 40% turnover from exports, including exports to the US and Europe, South America, Israel, Middle East. Technology partnerships, Joint Ventures and strategic alliances with major Global Players have been its strength

ORGANISATIONAL CHART
B.O.D

Chairman & Managing Director

Head legal and company secretary

Head Engineer

Head Manufacturing Head Q.C/ Maintenances

Vice President Marketing & projects

HR Manager

Vice President (ACD) HOD of Production (ACD)

Executive Director

Head supply chain (ACD)

Head supply chain DGM Finance Q.C Manager Maintenance Manager

Marketing
 The company follows a tender format  Joint Venture with Alte, Spain (Albatros Group) for Railway Products.  company mostly outsources the design and technology  main sources of promotion are advertisement through composite international magazines (Journal of Euro Composites), brochures and placing their products at exhibitions.

Diversification
 FRP industrial equipment for Railways  FRP was stopped and as a result the company went into huge loses  Telecommunication Company  Custom Molded Products Construction  Bases  Concrete Machines  Marine boat industry
   

Automotive Railcars Interiors Structural Windings, Pressure Tanks, FRP Masts, FRP Scrubbers, nasal covers, Pulsation Columns

Joint Venture

Joint Venture with Alte, Spain (Albatros Group) for Railway Products

Advantages of joint Venture

  

Get to know and develop their technology Wide range and enter to the outside market Share the references

After Diversification Venture

&

Joint

 They have accesses to many customers  They are interdepend  There is a high turnover from 20 cores to 35 cores

Problems

Financial problem regarding buying new machinery Labor power : Skilled as well as Unskilled

FINDINGS AND ANALYSIS

1. The payments from the clients are delayed since it caters to government sector at large for e.g. (Indian railways) and the trade is on order basis. 2. Employee turnover is high.
3. Kineco does not have an employee union. 4. All the departments had interdependent functions, meaning the functions of one department depended on the other.

SUGGESTIONS
1. Company should have reserves to anticipate late payment from clients as they cant ask for payments as they have to be cordial with their clients. 2. Company should have award and felicitation programs to felicitate oldest employees and award best efficiency workers. So that employees feel appreciated and increase their morale. This will help curb employee turnover. 3. We would suggest them to have 3600 appraisal where in the employee is assessed from their managers, peers, subordinates and customers. This forms a good communication pattern