SYNOPSIS

SYNOPSIS The back bone of an organization is the maintenance of their quality of

product. Therefore it has to be checked and ensure the available raw materials

present in order to make proper decision making.

The information regarding the availability of raw materials, quality, etc must

be available at all times. For this purpose, efficient and skilled personal are to be

employed.

INTRODUCTION

INTRODUCTION

Mr. P.G.Mahalingam and Mr P.Mani Estabilished the Company in the

year of 1992 as service unit at Athipalayam Privu, Ganapathy to service all

brand submersible Pumpsets at the very beginning and promoted to

manufacturing submersible pumpset unit, with the realization our product

satisfied the low voltage of our customers CHERAN PUMPS withstanding

good market place up to date in Karnataka state from 1996 onwards CHERAN

PUMPS entered to the market of Tamilnadu and promoted to manufacturing

domestic monoblock and Openwell submersible pumpset, end of 2000

Products of CHERAN INDUSTRIES awarded certification from Bureau of

Indian standards, November’2005 switched over to ISO certified company.

In 2007 the company has set up a CNC Machine shop for the

manufacturing of Pump Spares .Due to the large demand of engineering

components in the region, the company started to manufacture precision CNC

components and assemblies for various engineering companies in and around

coimbatore.

The Various Components Manufactured are

1. Valve Industries

2. Textile Machine Assemblies

3. Automobile Companies

OBJECTIVES OF THE INDUSTRY

OBJECTIVES OF THE INDUSTRY

To keep manufacturing constant with latest improved technology.

To provide unlimited service to customers.

To give quality goods to the customer and seller etc.,

To give assurance to take back the defective goods.

Taxation

Transportation.

Delivering the goods with in a time period.

Making of fraud is avoided.

To give incentives, bonus, etc to the staff, and labours

PROFILE OF THE COMPANY

PROFILE OF THE COMPANY

REGISTERED OFFICE: Cheran industries, 78\1, Ravindranath Tagotre Road, Athipalayam Road, Ganapathy, Coimbatore-641006.

BRANCHES: Kerala Karnataka Bangalore Mumbai Hyderabad.

BOARD OF DIRECTORS: Mr.P.G.Mahalingam Mr.P.Mani.

AUDITORS: Mr.Ramanathan.

LEGAL ADVISOR: Mr.Ranganathan.

BANKERS: I.O.B South India.

PURCHASE DEPARTMENT

PURCHASE DEPARTMENT INTRODUCTION:

PURCHASE DEPARTMENT plays very vital role in an organization because; purchasing has its effect on every vital factor concerning the manufacture, quality, cost efficiency and prompt delivery of goods to consumers. The head of the department is usually known as the purchase manager or the supply manager or the supply manager or the chief buyer. All the spare parts needed for production of motors and pump sets are done only through this department. It is the responsibility of the manager in the purchase department to purchase raw materials necessary for production.

PURCHASE ORDER:

Purchase order is sent to the supplier. The purchase department should know where the supplier is selected based on various details like price, credit time; delivery etc., based on purchase order the supplier will supply the goods. The purchase of raw materials are done based on

Right quality Right quantity Right source Right time Right price Right place

The raw materials purchased are made in tone, kilograms, numbers and meters.

QUALIFICATION OF PURCHASE OFFICER:

An efficient purchase officer should posses the following qualification.

He should be the person of undoubted integuity. He should have complete information about the materials which he is

required to purchase. He should maintain proper documents like price lists,catalogues and trade

journals to help him in finding the best possible market. He should have good knowledge of import and export procedure. He should be prompt in talking decisions when exceptional matter relating

to the purchase of materials arises. He should have a good knowledge of sale of goods act and the Indian

contract act. He should be aware of the policy of firm relating to purchase of material and

should know the firms financial position and financial resources.

PRODUCTION DEPARTMENT

PRODUCTION DEPARTMENT

INTRODUCTION:

Production is the basic function of an industrial enterprise around which all other activities of the organization such as purchasing, financing, marketing, storing, personnel were such as development revolves.

PRODUCTION DEPARTMENT:

Production or operation management is the management of production function. So as to produce the right goods, in right quantity at the right time at the right cost. Production department helps to convert the raw materials into finished goods.

PRODUCTION PLANNING:

Production planning is the first and foremost that should be followed by the company.Without planning a company can’t expect to achieve its objectives. It is concerned with specifying how the production turnovers of the business enterprises are to be employed over a given future time period in response to the predicted or forecasted demand for the product as services.

OBJECTIVES OF PRODUCTION PLANNING:

The main objective is to earn profit.

To meet the demand of production, various activities related to production are Integrated in a systematic manner.

Workers are motivated by providing then incentives, which in turn the workers perform to the maximum output.

T o frame principle for tackling common problem by foreman and executives in day-to-day working.

MANUFACTURING PUMPS:

1. Mini Self Priming Mono block Pumps

2. Slow Speed Domestic Self Priming Pumps

3. Domestic Openwell Monoblock Pumps

4. Agri Openwell Submersible Pumps

5. 100mm Borewell Submersible Pumpsets

6. 150mm Borewell Submersible Pumpsets

MINI SELF PRIMING MONO BLOCK PUMPS

Salient Features:

Self Priming Monoblock Pump. Specially designed gunmetal impeller. High water discharge. Wide voltage operation.

Power : 0.25 HP,0.5HP & 1.0HP.Speed : 2800rpm.Discharge range : 10 lpm to 50 lpm.Head Range : 3m to 30m.Pipe Size(mm) : 20 x 20, 25 x 25.Section lift with self priming capacity : 7m.

SLOW SPEED DOMESTIC SELF PRIMING PUMPS

Salient Features:

Regenerating type self priming Monoblock. Specially designed gunmetal impeller. Discharge very high. Wide Voltage operation.

Power : 0.5HP & 1.0HP.Speed : 1400rpm.Discharge range : 20 lpm to 60 lpm.Head Range : 6m to 36m.Pipe Size(mm) : 25 x 25.Section lift with self priming capacity : 7m.

DOMESTIC OPENWELL MONOBLOCK PUMPS

Salient Features:

No Priming Problem. Easy to install. Available with control panel and cable. Water cooled and water lubricated motor. Low maintenance required.

Power : 0.5HP & 1.0HP.Speed : 2800rpm.Discharge range : 9 lpm to 42 lpm.Head Range : 5m to 75m.Pipe Size(mm) : 25 x 25.

AGRI OPENWELL SUBMERSIBLE PUMPS

Salient Features:

High Operational reliability. Smooth running. Free from maintenance. High efficiency. Runs even at low voltage.

Power : 3.0 HP to 15.0 HP.Speed : 2800rpm.Discharge range : upto 1000 lpm.Head Range : upto 91m. These pumps are made up of single shaft or direct couple motor, two suction parts, polywrap winding and back to back impeller.

100MM BOREWELL SUBMERSIBLE PUMPSETS

Salient Features:

Best substitute for low efficient compressor pumps and jet pumps. They are water lubricated, water cooled and rewindable motor. This pumps are used mainly for irrigational of fields, rural water supply,

high rise buildings, industries, and water circulation systems.

Power : 0.25HP & 5.0HP(single and Three Phase).Speed : 2800rpm.Discharge range : 12 lpm to 320 lpm.Head Range : 7m to 157m.Delivery Size : 32mm, 40mm, 50mm.

150MM BOREWELL SUBMERSIBLE PUMPSETS

Salient Features:

Multistage centrifugal pumps with radial and mixed flow . They are water lubricated, water cooled and rewindable motor. This pumps are used mainly for irrigational of fields, rural water supply,

high rise buildings, industries, and water circulation systems.

Power : 3.0HP & 25.0HP.Speed : 2800rpm.Discharge range : 40 lpm to 1300 lpm.Head Range : 9m to 300m.Delivery Size : 40mm, 50mm, 65mm & 80mm.

SALES DEPARTMENT

SALES DEPARTMENT

INTRODUCTION: Sales are next main function in an organization. Sales are known as marketing function. These function include market research, product planning, sales, forecasting, determination of selling policy etc.

NEED OF SALES ORGANISATION:

In the case of a company “Cheran Industries” the need for sales organization arises when

1. The demand of their good bar increased.

2. Orders received are to be handled properly.

3. Outstanding bills are to be collected.

4. Complaints of the customers are to be investigated and if found genuine are to be attended to the satisfaction of the customer.

5. The marketing conditions should be followed.

IMPORTANCE OF SALES ORGANISATIONS:

It increased managerial efficiency.

It encourages specializations.

It improves the possibilities of rapid growth of the institution.

It performs very function such as marketing research, product planning, sales forecasting and budgeting, etc.,

STEPS FOLLOWED TO SALE A PRODUCT:

ENQUIRING:

Enquiring is the first step in order executing. After the customer enquiring is over the quotation will be sent to the party.

QUOTATION:

The quotation will contain the details about the pump manufacturing and its features and price by receiving the quotation the party will place the order with the company.

CUSTOMER INSPECTION:

Customer inspection is done then final payment will be made.

FINAL PAYMENT:

When the customer gets the pump and he will make up final payment to the company. After receiving the payment the pump will be ready for dispatch.

SALES INVOICE:

Sales invoice will be given by the seller and it should be totally in 8 copies. The sales invoice should contain the details about the time of delivery.

FINANCE DEPARTMENT

FINANCE DEPARTMENT

INTRODUCTION TO FINANCE DEPARTMENT:

Financial management is the managerial activity which is concerned with the planning and controlling of the firms financial resources. Finance is the language of the business. It means the way in which a firm communicates with the outside world including the proprietor about the result of the business through accounting statements. The subject of financial management is of immense interest to both academicians and practicing manager. It is of great interest to academicians to take financial decision.

NEED FOR FINANCIAL STATEMENT:

The investor can not properly judge the opportunities and link of investment alternatives to make informed decisions investors rely on a variety of information including data on the economy, various industries, companies and products complete information provided by competent resource enhances the probability that the best decision will be made.

USE FOR FINANTIAL STATEMENT:

A company’s financial statements can be used for various purpose:

As analytical tool.

As a management report card.

As an early warning signal.

As a basis for prediction and

As a measure of accountability.

OBJECTIVES:

To acquire adequate fund required for achievement of the objective and determine the optimum mix of obtaining funds.

To ensure that the fund available to the company are used in the amount profitable manner.

To ensure that the profit earned may the company are disposed of to the best

advantages of the share holders and company.

FUNCTION OF THE DEPARTMENT:

1. Collecting all information from various departments passing vouchers and Posting them in general ledger.

2. Preparation of finance balance sheet and monthly comparison statement every month.

3. Comparison of several accounts.

4. Checking cash flow position.

5. Taking care of the insurance policy.

6. Verifying and connecting of production statement from the sales and clearing stock.

7. Preparation of profit and loss account and balance sheet at the end of the year and connected schedules after making necessary provisions for taxation, dividend, etc.,

ROLE OF FINANCE:

It may be noted that there is a considerable change in the role of finance due to the increasing price of industrializations technological innovations increased governmental regulations and widened merchants.

ACCOUNTING:

This is what are converted immediately after having raised the funds any businessman or company would like to keep an account of the funds raised and the funds invested and used accounting, therefore covers three basic aspect of business. The father of accounting is “ Louicko Pacioli.”

FINANCIAL ACCOUN TING:

Finding out what is the profit or loss of the company for the period and the financial position as at the end of the period.

COST ACCOUNTING:

Determining the cost of each product and services of the company with a view to identify areas where costs would be controlled and profits masimized.

MANAGEMENT ACCOUNTING:

This involves an analysis of accounting information for managerial decision regarding product mix, make or buy, etc., the accounting system in the company is fully dine in a computerized from the main purpose of the “Financial accounting: system in the company is to record business transactions in the books of accounts in such a way that operating results for a particular period and financial condition on a particular period and financial conditions.

DELIVERY CHALLAN:

Delivery note is prepared when the product are dispatched and sent for distribution.If there is any remark it should be mention in the concerned column. TNGST can be abbreviated as Tamilnadu general sales tax and CST can be abbreviated as central sales tax..

ACCOUNTS MAINTAINED IN CHERAN INDUSTRIES:

1. Financial accounting

2. Cost accounting

LIFO (last in first out method) FIFO (first in first out method)

DELEVERY NOTE

TIN.NO : 33772200792CST.NO : 643027DATE : 01.04.1995

CHERAN INDUSTRIES 78/1,Ravindranath tagore Street,

Athipalayam road , Ganapathy-641006 Tamilnadu ,India

To Bill.no :--------- --------------------------------------------- Date :---------- --------------------------------------------- L.R.no:----------

S.No Description Quantity Remarks

For Cheran Industries

INVOICE

TIN.NO : 33772200792 CST.NO : 643027 DATE : 01.04.1995

CHERAN INDUSTRIES 78/1,Ravindranath tagore Street,Athipalayam road ,

Ganapathy-641006,Tamilnadu ,India Phone : 0422-2537398,2533272 E.mail : cheranmotors@eth.netTo M/s_______________________ Bill.no : ________ __________________________ Date : ________ __________________________ L.R.no : ________

Sl.no Description Qty Unit Rate AmountRs Ps

Marking & serial.no : Vat : ___________Carrier no : Cst : ___________Freight : To Pay/Paid

(Rupees in words____________________________________________________)

Prepared By For Cheran Industries Authorized Signature

VOUCHER

Company Name : ____________________ Date : _______ Address : ____________________ ____________________

Name of Account : ___________________Paid To : ___________________Rupees : _____________________________Towards ______________ __________________________________________________

Payment ReceivedRs.____________

Stamp

Payee

BOOKS MAINTAINED IN CHERAN INDUSTRIES:

There are so many book are maintained in this industry. These helps the Management to see progress of the industry. The names of the books Mentioned are as follows.

1. Journal

2. Ledger

3. Cash book

4. Purchase book

5. Petty cash book

6. Sales book

7. Trading and profit and loss account

8. Balance sheet

9. Trial balance

STORE DEPARTMENT

WORK STANDARED SHEET

1

2

3

4

5

6

7

8

9

10

11

12

13

Material received by supplier

Verification of Material

Preparation of G.R.N

Material sent to inward store

G.R.N passed to Q.C

Accepted material & Entry in Bin card

Completed the G.R.N

Work order received from Employee

Verification of B.O.M(Bill of Material)

Material issued to assembly

Issued material entry in Bin card

Below minimum balance Bin card

Stock verification in day by day

Supplier D.C(Delivery chellon)

Supplier D.C Security

Income material

Security tag

G.R.N(Goods Receipt Note)

G.R.N(Goods Receipt Note)

G.R.N(Goods Receipt Note)

--------

--------

Work order

B.O.M & work order

Bin card

-------

MARKETING DEPARTMENT

MARKETING DEPARTMENT

INTRODUCTION:

The word “Market” is derived from the Latin word “Marcatus” meaning

Merchandise, wares, traffic, trade or place where business is conducted. The

essence of marketing is an exchange or a transaction, intended to satisfy human

needs or wants. The aim of marketing is to make sales in order to earn reasonable

profit for the contacts. Marketing involves the flow of goods and services from the

producer to the consumer and concerned with the people and activities.

FUNCTION OF MARKETING:

Clark and Clark divided the marketing function into three major groups:

Function of exchange.

Function of physical supply and facilitating function

Thus the marketing functions are classified as under for the present purpose:

EXCHANGE FUNCTION:

Buying and assembling

Selling.

PHYSICAL FUNCTION:

Storage

Transport

FACILITATING FUNCTION:

Financing

Risk-bearing

Standardization

Market information

Promotion.

MARKETING RESEARCH:

The American marketing association defined marketing research as“the gathering, recording and analysis of all facts about problems relating to the transfer and sale of goods and services from production to consumer”. Marketing research helps solving problems.It is used in wide scope and grater importance and includes marker research.Market research is only a part of marketing research.

BUDGETARY CONTROL:

Budgetary control is applied to a system of management and accounting Control by which all operations and output are forecasted as for ahead as possible and actual results when known are compared with budget estimate.

ESSENTLALS OF BUDGETARY CONTROL:

1. ESSENTIALS OF BUDGETS:

Establishment of budgets for function and section of the Organization.

2. EXECUTIVE RESPONSIBILITY:

Executive responsibility in order to perform the specific tasks so that Objectives of the enterprises many be attained.

3. CONTINUOUS COMPARISION:

Continuous comparision of actual performance with that of the budget so as to know the variations from budget and placing the responsibility of executives for failure to achieve the desired result as given in the budget.

4. REMEDIAL ACTION:

Taking suitable remedial action to achieve the desired objective if thereis a variation of the actual performance from the budgeted performance.

5. REVISION OF BUDGET: Revision of budget in the light of changed circumstances.

OBJECTIVES OF BUDGETARY CONTROL:

1. PLANNING:

A budget is a plan of the policy to be pursued during the defined period of time to attain a given objective. It will force management at all level to plan in to me all activities to be done during the future periods.

2. CO-ORDINATION:

The budgetary control co-ordinate the various activities of the firm and Secure co-operation of all concerned so that the common objectives of the firm may be successfully achieved.

3. CONTROL:

Control consists of the action necessary to ensure that the performance of the plans and objectives ; control of performance is possible with pre-determined standards which are laid down in a budget.

TYPES OF BUDGETS:

Different types of budget have been developed keeping in view the different Purposes they reserve. Budget can be classified according to

1. The coverage they encompass.

2. The capacity to which they are related.

3. The conditions on which they are based and

4. The period which they cover.

SALES FORECASTING:

INTRODUCTION:

Forecasting means peeping into the future. Forecasting enables the formulation of the plane of action on the basis of anticipated future events where in the proximate events are outlined with the greater distinctions.

IMPORTANCE:

Sales forecasting is important in production field and the production System revolves around this concept of sales forecasting production activities are planned according to the sales estimates.The buying, selling, storage,packaging etc., all the marketing activities are also planned accordingly.Thus sales forecasting is an important tool for controlling the business affairs.

NEED FOR SALES FORECOSTING:

Sales forecasting acts as a guiding factor for a firm because it enables thefirm to concentrate its efforts to produce the required quantities at the right time at reasonable price and of the right quality.

OBJECTIVES:

1. Sales forecasting formulates a suitable production policy so that problemsof over production may not arise.

2. It makes provision for the regular supply of raw materials for production on the basis of estimated sales. 3. Helps in maintaining flow of production and minimizing the cost of holding inventory

4. Helps to utilize the available machine to their maximum capacity.

5. Helps in setting the sales target for different market segment on the basis of Which control can be exercised

SALES FORECASTING:

The activities such as production activities price policies, personnel policies etc.,as to recruitment transferpromotion,training wages etc., can be done effectively only with the help of sales forecasting.

HELPS THE MANAGEMENT TO TAKE CORRECT DECISION:

It helps the management well in time and thus avoiding unnecessary hand ship to the firm. It also helps in reducing the wastage of men, materialsmachines etc., due to proper planning thus it measures the correctness of management decision.

ACHIEVEMENTS

ACHIEVEMENTS

1. They satisfy the customers by their products.

2. They give good quality of products to the customer.

3. We had system of 2 workers and 1 working machine because of the qualityOf the product, support of customers and dealers.

4. Now we have our own building and have been increased to 40 workers.

5. More facilities are given to the employees.

FUTURE PLANS

FUTURE PLANS

1. To increase more and high technified product to give good quality productto customers and also to increase customer service support.

2. We have planed to change our machineries to high variable speed Machineries.

3. To improve marketing ideas and to give more advertisement in media to Attract customers.

4. To satisfy customer needs and wants according to their taste and Preferences.

5. We have planned to established new branches and dealers.

CONCLUSION

CONCLUSION

In this one month training we learnt lot about an INDUSTRIAL TRAINING

PROGRAMME given by CHERAN INDUSTRIES. The industry has

contributed tremendously towards the enlargement for our knowledge and

experience in the industries management process of motors and pumps. A

part from doing practical work in Purchase, Production, Finance, Sales,

Marketing Department etc., on the whole the programmer was an excellent

success and helped to enrich our experience in practical office work.