turbo bearings pvt. ltd-bba-mba project report
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PROJECT REPORT
ON
TURBO BEARINGS PVT. LTD.
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INDEX
Particular Page No.
1. General Information 05
2. Production Department 15
3. Personnel Department 32
4. Marketing Department 44
5. Finance Department 54
6. Swot Analysis 64
7. Achievements 66
8. Future Plans 68
9. Suggestions 70
10. Conclusion 72
11. Bibliography 74
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INDEX
1. Company Profile
2. History of The Company
3. Location of The Company
4. Organization Structure
5. Size And Form of Organization
6. Time Keeping System
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COMPANY PROFILE
Name of Company : Turbo Bearings Pvt. Ltd.
Address : Plot No. 250,
Q-Road,
G.I.D.C. Aji-2,
Rajkot 360 003.
Telephone No. : 97-281-2389092, 2389087, 238959,
2389592
Fax No. : 91-281-2387735
E-mail : [email protected]
Website : www.turbobearings.com
Establishment Year : 1988
Promoter : D. R. Patel,
Paresh P. Patel,
Kirit T. Solanki,
J. P. Patel,
R. P. Patel,
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Scale of Industry : Middle Scale Industry
Total Employees : 170
Area of Unit : 11,000 sq. ft.
Off Day : Wednesday
Turn Over : 15 Crores
Bankers : O.B.C.
H.D.F.C.
Auditor : Y. C. Anadkat & Co.
Certificate : The Company has been awarded
An ISO 9001:2000 Certificate by
B.V.Q.I.-LONDON.
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HISTORY
Turbo Bearings Pvt. Ltd. Was started in Rajkot. D.
R. Patel and Mr. Paresh P. Patel has Started TURBO. Theyhave started Turbo Bearing Pvt. Ltd. With investment of
Rs.3 crores. In beginning time of Turbo Bearing Pvt. Ltd.
They were produsing only Tepered Roller Bearing.
Now a day because of great relation and superior
quality company produce many types of bearings and
original equipment of many vehicles. And today because ofexcellent performance they have lots of satisfied customers
in india as well as international market.
There was tremendous progress of Turbo Bearing Pvt.
Ltd. During 1991 to 1994. And they expand their business in
international market.
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LOCATION OF THE COMPANY
Location of unit is most important for company.Because company start all activity from location and growth
and development of any company is largely depend upon
location. Location must be selected after long thinking
because it is life long decision. Company has to consider
following factors at time of selecting location.
Easy availability of raw material
Transport facility Cheap power and fuel
Cheap and skilled labours
Easy and cheap finance
State help
Turbo Bearings Pvt. Ltd. Has ideal location. It is
located in Aji industrial area. Which is near to the highwayand company can get raw material, transport facility, power
and fuel, labours, finance easily. It is in G.I.D.C. area so that
company can also get government help.
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GENERAL ORGANIZATION
STRUCTURE
M.D.
Joint M.D. Director
Works General Finance Exise Purchase Store
Manager Manager Manager Officer SupervisorSupervisor
Engineers Accountant Dispatch Assistant
Officer
Supervis. Assistants
Marketing Admi. Assistants
Executive SupervisorWorker
Assistants Personnel
Officer
Assistants
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SIZE AND FORM OF ORGANIZATION
Size of Organization:There are four size if business organization.
Small Scale Industry
Large Scale Industry
Giant Scale Indutry
If starting investment of company is less than 1 crore
then it is consider as small scale industry. If it is 1 crore to
10 crores then it is consider as middle scale industry. If it is
10 crores to 100 crores then it is consider as giant scale
industry.
Turbo Bearing Pvt. Ltd. Was started with starting
investment of 3 crores so that it is consider as middle scale
industry.
Form of Organization:
There are three type of organization.
Sole proprietorship
Partnership
Company
Turbo Bearing Pvt. Ltd. Is private limited company.
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TIME KEEPING SYSTEM
Time is most important for everyone. Time never stopfor any one We should use our time properly.
Turbo Bearing Pvt. Ltd. believes that every work
should be done in time. It believes that work which is done
after definite time period. Turbo Bearing Pvt. Ltd. is very
strict as far as time is concern.
In Turbo Bearing Pvt. Ltd. there is card system.Everyone has to write their entry time and leaved time.
General Shift of company is as under.
Morning Shift : 8:00 A.M. to 12:00 P.M.
Recess : 12:00 P.M. to 2:00 P.M.
Afternoon Shift : 2:00 P.M. to 6:00 P.M.
Night Shift : 6:00 P.M. to 6:00 A.M.
Morning shift and after noon shift are compulsory. And
night shift is for over time. This system is quite helpful them
to cunt wages of employee.
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OBJECTIVE
Each and every organization has one common objectiveand that is profit. Turbo Bearing Pvt. Ltd. has also the object
of profit but it is in proportion. Objective of Turbo Bearing
Pvt. Ltd. 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
1. Introduction
2. Organization Chart
3. Product of The Company
4. Raw Material Used In Process
5. Production Process
6. Purchasing Decision
7. Quality Policy
8. Quality Control
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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
effectively. Because, if company runs production effectively
and effectively then company can run other activety
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.
In Turbo Bearings Pvt. Ltd. Mr. Dineshbhai Patel is the
head of production department. He looks after every activity
of production. He looks after every activity of production
department very effectively and efficiently.
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ORGANIZATION CHART
M.D.
PRODUCTION
MANAGER
ENGINEER QUALITY CONTROL
DEPARTMENT
SUPERVISOR
R & D
WORKERS DEPARTMENT
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PRODUCT OF THE COMPANY
Turbo Bearing Pvt. Ltd. was start with producing taper
roller bearing, but now a days Turbo Bearing Pvt. Ltd. is
producing many bearing product. Product of Turbo Bearing
Pvt. Ltd. is as follow.
Tapered roller bearing
Cylindrical roller bearing
Needle roller bearing
Spherical roller bearing
Clutch bearing
Thrust bearing
Deep groove ball bearing
Four point contact bearing
Turbo Bearing Pvt. Ltd. is also producing original
equipment of three wheeler & tractor, diesel engine,
machine tool, agricultural equipment.
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RAW MATERIAL USED INPROCESS
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.
Turbo Bearing Pvt. Ltd. uses steel as a raw material to
produce bearing. They use only SAE 52100 steel as a raw
material.
Turbo Bearing Pvt. Ltd. purchases the raw material
from:
Rajkot city
Rajasthan
Maharashtra
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PRODUCTION PROCESS
Raw Material
Forging
Annealing
Turning
Heat Treatment
Grinding
Super Finishing
Oiling
Assembling
Packing
Dispatching
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PURCHASING DECISION
In the business unit purchasing decision is also a
decision which requires long thinking. Because company
should purchase goods at that time when they can purchase
at lower rate and working capital is not be invested for long
time.
In Turbo Bearing Pvt. Ltd. purchasing decision are
taken by Mr. Dineshbhai K. Patel. They purchase raw
material at that time that company can not delay in
production process and working capital is not be invested for
long time. They take purchasing decision considering
following details.
Stock of finished goods
Order by distributors
Stock of raw material
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QUALITY POLICY
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QUALITY CONTROL
Turbo Bearing Pvt. Ltd. is very conscience about
quality of product. They use latest machinery and
equipments for best quality.
Metallurgical Laboratory
Turbo Bearing Pvt. Ltd. is well equipped with chemical
analysis laboratory for analyzing the chemical composition
of prime raw material SAE-52100/100Cr 6 steel. Mainfunction of laboratory is to verify the chemical composition
ofSAE-52100/100Cr 6 steel as perIS/ISO norms. They are
using the raw material of balls and rollers SAE-
52100/100Cr6 steel from worlds best steel making plants
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like DAIDO-JAPAN, ASCO Metal-France, Willaires-
Brazil or equipments and prime SAE-52100/100 Cr 6 steel
for bearing races.
Metallurgical Microscope
Metallurgical microscope Olympus CK 40M
(Japan) make. It is one of the latest microscope ofOLYMPUS-Japan make. It is used for checking the
microstructure of bearing components. By this equipments,
They are maintaining consistent quality of microstructure as
per standard norms in prime raw material as well as in heat
treated rings, roller & balls. It leads to improve the bearing
performance. They are using STAHL-EISEN-
PRUFBLATT 1520 (SEP-1520) German chart forchecking microstructure as.
Spheroidize structure
Amount of perlite
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Micro inclusions
Carbide network
Carbide streaks (bandings)
Micro Structure
As per Indian and international bearing standards the
grade of bearing steel is SAE-52100/100 6 which is being
used by Turbo Bearing Pvt. Ltd. Before using bearing steelas their raw material, they make it sure that micro inclusions,
micro cleanliness and microstructure of bearing components
are maintained as per standard specifications to ensure the
long life of bearings.
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Talyrond
Talyrond Talyrond Hobson Ltd. (U.K.) Make. It is
the best quality measuring instrument. It is used for
checking the roundness, squarness, concentricity and
coaxiality of bearing and components, which ensure the
running accuracy and long life ofTURBO bearings.
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Form Talysurf
Form Talysurf FTS 50- Taylor Hobson Ltd. (U.K.)
make. Form and surface finish measuring instrument is
being used for checking the micro geometry, it evaluate
parameters like form geometry and surface finish of
components. Also they are using this instrument for
improving the quality and verifying their product with
standards. It is also useful for R & D works as they can
modify from of races & rollers to enhance performance of
TURBO bearings.
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Bearing Noise Level & Vibration Tester
This important testing instrument is used for checking
the noise & vibration of Tapered, Cylindrical, Spherical
roller bearings, Anguler contact ball bearings and deep
groove ball bearings. This instrument is used for updating
the quality ofTURBO bearings.
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INDEX
1. Introduction
2. Organization Chart
3. Recruitment & Selection
4. Training & Development
5. Wages & Salary Administration
6. Facilities Provide To Employee
7. Promotion & Transfer
8. Employee Record
9. Bonus
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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 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 end that individual, organizational
and social objectives are accomplish.
-Flippo
In Turbo Bearing Pvt. Ltd. Mr. P.D.Gandhi 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
M.D.
GENERAL
MANAGER
PERSONNEL
MANAGER
CLEARK TIME RECEPTIONIST
COMPUTER
KEEPER OPERATER
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RECRUITMENT & SELECTION
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.
Internal Sources
External Sources
Turbo Bearing Pvt. Ltd. adopt 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:
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Selection means to choose qualified persons out of all.
Turbo Bearing Pvt. Ltd. has they own system to select an
employee. They arrange interview, take test according topost, and then they select right job.
TRAINING & DEVELOPMENT
Training & development is necessary for every worker.
Workers can improve their capacity through training for
getting work efficiency and effectively company should
provide training to every worker.
Turbo Bearing Pvt. Ltd. gives training to worker by two
method.
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 workers practically and
observing that worker do works according to that.
Off the job training:
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Through this method they provide training to office
staff. They arrange lecture, conference or case study in
factor premises or out of factory premise.
WAGES & SALARY ADMINISTRATION
Wages or salary are revolt of work for every employee
wages or salary should be rational and enough foremployees work.
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 industrialdisputes, and increase moral of worker and efficiency of
worker.
Turbo Bearing Pvt. Ltd. give Rs. 80 to Rs. 90 to
unskilled worker and Rs. 100 to Rs. 350 to skilled workers.
They give wages on daily basis at the end of month. They
give minimum 3,000 and above on the basis of the post of
the employees.
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Because of good wages and salary structure they never
find any problem related to salary or wage.
FACILITIES PROVIDE TO
EMPLOYEES
Employee and worker are main assets of an
organization. To get more work and maintain their interesttowards work, only salary is not enough to motive an
employee.
Turbo Bearing Pvt. Ltd. provides many facilities to
motivate the employee. They provide following facilities tothe employee.
1) Canteen:
Turbo Bearing Pvt. Ltd. gives facilities of
canteen to the employees. They provide tea, coffee,snack,
cold drink, lunch etc at reasonable price. They provide
one cup of tea or coffee during every shift.
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2) Safety Equipment: Turbo Bearing Pvt. Ltd. is very
conscious for safety of employee. They provide helmet,
goggle ,glow, aprons etc. on their job.3) Medical Facilities:
There is a chance of accidents in factory. So that
Turbo Bearing Pvt. Ltd. provides them medical facilities.
There is special room for first aid.
4) Annual Bonus:
Every year at a time of DIWALI they provide
bonus to every employee and workers.
5) Uniform:
Turbo Bearing Pvt. Ltd. provides uniform every
year. Every year two pairs of uniform are provided. To
work man they provide strong cotton uniform.
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PROMOTION AND TRANSFER
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
Turbo Bearing Pvt. Ltd. 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.
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In Turbo Bearing Pvt. Ltd. they transfer employees to
other department if they needed, but transfer him to another
place is not possible because they have only one premise.
EMPLOYEE RECORD
In organization employee are required to complete
organizational goal and for that control over the employee is
necessary. Organization must have necessary information
about all the employees.
In Turbo Bearing Pvt. Ltd. there is good system to
record information about all employees. They have one file
for every department. They record name and address,
performance, presentation and other detail of every
employee.
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PROMOTION
An employee has little incentive for development. If
he has no opportunity to secure step by step promotion
within the organization as far as possible.
If any worker works properly and he has an extra skill
for other work, company give him a promotion.
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INDEX
1. Introduction
2. Organization Chart
3. Advertisement
4. Channel of Distribution
5. International Marketing
6. Market Share & Competitors
7. Pricing Policy
8. Sales Promotion
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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 theyneed through marketing.
The American marketing association offers the
following definition. marketing is the process of planning
and executing the conception, pricing, promotion and
distribution of ideas, goods and services to create exchangethat 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 making
system of the enterprise. Marketing management performs
all managerial functions in the field of marketing.
Marketing management is the art and science of
choosing target market and getting, keeping and growing
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customers through creating, delivering and communicating
superior customer value.
ORGANIZATION CHART
M.D.
GENERAL
MANAGER
MARKETINGMANAGER
EXECUTIVE DEALERS
ASSISTANT SUB DEALER
ADVERTISEMENT
Advertisement is tool by which sale can be increased it
is in paid up form. Advertisement is differs from business to
business. But it is inseparable part of business.
Advertisement is one way communication between the
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producer and consumer. Now a day news paper, radio,
television, hoarding etc. Are media of advertisement.
Turbo bearing Pvt. Ltd. uses news paper, business
magazine, hoarding as media of advertisement. They are
very conscious as far as marketing is concert. They expend
more then 90 lacks for advertisement purpose.
Channel of distribution
The company can not sale its goods directly to the
customers, they need to create a channel is known as
channel of distribution or market channel. It is set of
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interdependent organizations involved in the process of
making product or service available for use or consumption.
Marketing channel performs the work of movinggoods of moving goods from producer to consumers. It
overcomes the time, place and possession gaps that separate
goods and services from those who needed or want them.
Turbo bearing Pvt. Ltd. follows the following
distribution channel to distribute goods to the customers.
Manufacturer
Dealer
Retailer
Customers
INTERNATIONALMARKETINGTurbo bearing Pvt. Ltd. has satisfied customer in India
as well in international market. They sales the product in
many countries like.
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U.K
U.A.E
SPAIN EGYPT
KOREA
BRAZIL
TURKEY
SRILANKA
ARGENTINA
WEST AFRICA BANGLADESH
And in many more countries.
MARKET SHARE ANDCOMPETITORS
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Market share:
Market share means the proportion of sale of
companies goods, out of whole sale of same goods in acountry, state or city.
In total sale of bearing market, sale of Turbo Brand
Bearing is more than 7 %, means company have 7% market
share in bearing market.
Competitors:
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 Turbo bearing Pvt. Ltd. there are many
competitors bearing in the market like:
- SKF bearing
- ABC bearing
- AFC bearing
PRICINGPOLICYPrice is most important factor in a company, company
should sale their goods at that price which includes all
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expenses and reasonable profit. Turbo Bearing Pvt. Ltd.
includes following cost for decide the price of product.
1) Raw Material Cost:
Turbo Bearing Pvt. Ltd. includes cost of raw
material in price. They use steal as a raw material and
cost of steal are included in price of bearing.
2) Process Cost :
In process cost Turbo Bearing Pvt. Ltd. includeselectricity expenses, machinery exp. Wages exp. Etc.
3) Marketing Cost :
Expenses which are done for the marketing or
selling are to be included in marketing cost. Like,
advertisement expenses, transport expenses and otherselling expenses.
4) Administration Cost :
Office expenses like telephone bill, stationary
expenses etc. Are to be included in administration cost.
SALES PROMOTION
Sales promotion means to efforts to increase the sale. It
is necessary today to increase the sale. It is part of
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marketing. In short it is extra facilities given to the
customers.
Turbo Bearing Pvt. Ltd. gives different schemes to thecustomers and they give bearing in various weight, price,
and size to increase the customers and because of their
efforts their sales to increased in last years.
2002-03 12,06,62,640
2003-04 14,87,52,800
2004-05 17,68,37,3202006-07 24,50,00,000
2007-08 33,00,00,000
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INDEX
1. Introduction
2. Organization Structure
3. Sources of Finance
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4. Finance Planning
5. Working Capital Management
6. Fixed Capital Management7. Profit and Loss Account
8. Balance Sheet
INTRODUCTION
For utilization of different activity whatever amount is
received from different sources is known as finance. Financeis lifeblood for any organization. According to S.C. Kuchhal
Finance is pivot around which all the business activities
revolved.
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Finance management of management of finance refers
to acquisition, utilization and maintenance of amount
received from different sources to be utilizing in different
activities to achieve certain objectives.
Finance management is concern with the effective use
of an important economic resources namely capital fund.
-Soloman
ORGANIZATION CHART
M.D.
FINANCIAL
MANAGER
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ASSISTNT FINANCE A/C & AUDIT
MANAGER EXECUTIVE OFFICER
ASSISTANT
SOURCES OF FINANCE
Sources of finance are that from which finance is comein an organization. There are many sources through which
company can collect necessary finance.
Generally there are two types of sources.
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Internal Sources
External Sources
Turbo Bearing Pvt. Ltd. gets finance from selfinvestment by promoters, reinvestment of profit as internal
sources. And company collect finance from the bank loan,
government help as external sources.
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.
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In Turbo Bearing Pvt. Ltd. Mr. K.D. Badrakhia is head
of finance department. He makes all planning of finance in
Turbo Bearing Pvt. Ltd. He collects finance at lower rate andmakes proper use of it. He records of finance and study the
financial condition of Turbo Bearing Pvt. Ltd. He makes
planning for both long term and short term.
WORKING CAPITAL
MANAGEMENT
Working Capital, some times it called as net working
capital. It represented by the excess of current assets over
current liabilities and identifies the liquid portion of total
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enterprise capital, which constitutes the margin of buffer for
maturing obligation within the ordinary operating cycle of
business.
Working Capital is most important part of every
business unit. These should be enough working capital in
business. Generally working capital is considered as
different between current assets and current liabilities.
In Turbo Bearing Pvt. Ltd. they have ideal ratio of
working capital as follows.
Working Capital = Current Assets Current liabilities
= 18,64,55,780 8,12,40,000
= 10,52,15,780
FIXED CAPITAL MANAGEMENT
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
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long time period. To keep it for long time and to use it in
best way company requires to manage it.
Turbo Bearing Pvt. Ltd. has fixed assets of Rs.32,47,56,300 and they used it at best way.
Turbo Bearing Pvt. Ltd. has adopted straight line
method for count depreciation on fixed assets.
PROFITANDLOSSACCOUNT
Profit and loss account of year ending 31/03/05
Particular Amount Particular Amount
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Salary And Wages 66,12,000 GROSS PROFIT
7,08,35,600
Administration Exp. 1,22,06,000 Indirect income 45,56,200
Advertisement Exp. 92,87,000
NET PROFIT 4,72,86,800
7,53,91,800
7,53,91,800
BALANCE SHEET
Balance Sheet as on 31/03/05
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Liabilities Amount Assets Amount
Owner Capital 14,88,68,000 Fixed Assets
32,77,56,300
General Reserve 8,12,00,000 Current Assets 18,64,55,780
Secured Loan 12,60,56,000
Unsecured Loan 5,56,26,000
Current Liabilities 8,12,40,000
Provision 2,12,22,080
51,42,12,080
51,42,12,080
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SWOT ANALYSIS
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After gaining an enjoy in the customer home, small markets
aim for space in the customer here to
SWOT MEANS:-
S :- Strength
W :- Weakness
O :- Opportunity
T :-Treats
STRENGTH:-
Turbo Bearing Pvt. Ltd. have latest technology.
Customer benefit is their profit. Innovation in
technology is their buissness.
WEAKNESS:-
Minimum employee in the firm is the weakly.
OPPORTUNTY:-
Expand their business in national and international
level
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ACHIEVEMENTS
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Turbo Bearing Pvt. Ltd. was start in 1989 and in 16
years they have achieve many targets which rarely by other
company.
Company was started with only one type if bearing and
today they are producing many types of bearings. Company
is also producing original equipments of other products.
Turbo Bearing Pvt. Ltd. has been awarded for quality
standard ISO 9001:2000 by BVQI-LONDON accreditation
body and will soon get TS 16949 certificates.
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FUTURE PLANS
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Turbo Bearing Pvt. Ltd. is progressive company. It
export 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 equipments 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 bearing
market.
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SUGGESION
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Turbo Bearing Pvt. Ltd. is well developed company
and it is doing its job very well but after visiting Turbo
Bearing Pvt. Ltd. I have minor suggestion in my mind.
Company need to Start market and opinion of
customers about their product
Company need to increase advertisement and sources
of advertisement
Company need to increase sales promotion activities
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CONCLUSION
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After visiting Turbo Bearing Pvt. Ltd. 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 workers are also well
organized and co-operative.
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 attaining a bright
future.
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BIBLIOGRAPHY
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For general in formation
- Companys Website www.turbobearings.com
For other information :
Marketing Management
-Philip Kotler
Personnel Management
-C.B. MomariaPrinciple And Practice of Management
-L.M. Prasad
Financial Management
-Khan and Jain
http://www.turbobearings.com/http://www.turbobearings.com/