3new project pritika

7/29/2019 3new Project Pritika

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Objective

The objective of this project Basic Accounting

& Financial Activities is to understand the

importance of finance and basic accounting in

any firm. Here the all effort is to know andobserve the functioning of finance and basic

accounting in the company and its effect on the

performance of the firm. As we know that

Finance is one of the four main pillars of any

firm and is very vital for the successful

functioning of all operations of the company.

The finance department deals with all the

monetary functions, capital budgeting &

planning and basic accounting in the company.

Here the whole purpose is to understand and tosee the application of basic accounting concepts

and principles into the practical and real

conditions within the company. How employees

perform their designated duties and how the

actual work goes on, what are the tasks that go

on during a regular day within the company etc.


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INTRODUCTION TO FAMILY

WADWA FAMILY

MR. TILAK WADWAAND MRS JANKI

WADWA

MR. MOHINDERWADWA AND MRS.KAILASH WADWA

POOJA SAMEER SONIA

MR.SURINDERWADWA AND MRS.PUMMY WADWA

SAGAR SINDHU

MR. BHARATBHUSHAN WADWAAND MRS. POOJA

WADWA

SURAJ SUNNY

Figure 1 FAMILY TREE


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SHARE HOLDERS IN COMPANY

Table 1 LIST OF SHARAHOLDERS AS ON28/5/12

1 Mr M K WADWA 17.80%

2 Mrs .PUMMY WADWA 18.62%

3 Mr TILAK WADWA 18.45%

4 Mr BHARAT BHUSHAN 16.47%

5 Mr S. K WADWA 5.93%

6 Mrs POOJA WADWA 1.65%

7 Mrs KAILASH WADWA 2.47%

8 Mr SAGAR WADWA 3.13%

9 Miss POOJA WADWA 1.65%

10 Miss SONIA WADWA 3.95%

11 Mr SURAJ WADWA 2.14%

12 SUNNY COSTS FOREIGN

LTD

8.24%

100%


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COMPANYs INTRODUCTION

Sagar lspat lndia Pvt Ltd , a Delhi basedmanufacturing entity of round Tin can &

Containers ranging from 200 grams up to

15kgs.Grown over the last 7 years.They have set

up of 3 units in Kundli (Haryana), Ludhiana

(Punjab), Gwalior (Madhya Pradesh) covering

the northern belt in total.

Now they have set up a new unit in Baddi

(Himachal Pradesh), a state of art facility spread

over 1 acre, equipped with latest technology,

machines and in-house imported printing

machine to cater the needs of pharmaceutical

sector, paint, edible oils and other utilities etc.

Year of Establishment :2001 Owner: :Mr Surinder Wadwa Legal Status of Firm : Private Limited

Company

Nature of Business : Manufacturer, Trader Number of Employees : more than 500 People Turnover : Rs. 10 - 25 Crore/yr.

The companies is totally based on ecofriendly

environment as the company main slogan is

SAY NO TO PLASTIC the company makes

the tin containers which is a recycler and

ecofriendly product, it is the beneficial productfor the society because it is less polluted.

Nowadays our government is focusing and

promoting the ecofriendly items as we all know

that the plastics bags are banned in HIMCHAL

PRADESH, jute bags and cloths bags are in use;

this company is also making a substitute of

plastic containers.


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Mission

The Companys mission is to achieve their

objective in a culture of fairness and courtesy to

their clients, employees, vendors, suppliers and

the society.

Vision

The Company is driven by a vision to achieve

significant business and strong presence in the

markets.

INFRASTRUCTURE

Spread over 48000 sq. a state of art facility at a

prime location in baddi, i.e. morepen road, the

unit is equipped with all basic amenities making

it dust free manufacturing advisable as per food

grade norms to cater to pharma and edible oils.

The unit has been set in a tax free zone and is

completely excise free passing benefits to our

end customers by catering them at competitive

prices. With their own transportation networkwith a fleet of 6 HMU insure a time saving and

economical delivery on for basis to sure best

services to the vendor.

They have all their machines from the best

manufacturers from Mumbai and others who

specialize in their own products. They are

equipped with an in-house Japanese printing to

deliver excellent quality jobs.

A team of tools and development is employed tomeet the latest trends and innovations.


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COMPANY AND ITS PRODUCT LINE

Main Products The Company Deals With:-

Round tin containers

Round tin containers are made for the

companies like Pidilite, Nova, Berger, Cadbury,

Modern Dairy and also for pharmaceuticals

protein powder etc. Round Tin Cans &

Containers ranging from 200 grams up to 15kgs,

they made tin containers in up to 5kgs in Baddi

and 15 kgs in Kundli. They deliver their product

by their own vehicle so that the client would not

face any trouble regarding the product delivery.

Components and printed tin sheetsThe term "tin" comes from the fact that these

cans have a micro-thin coating of tin inside, to

protect the flavor and prevent the can from

corroding.

In Gwalior (Madhya Pradesh) they manufacture

the tin plates and the components. They also

import raw material for making tin cans from

there. They sell their tin plates to various other

companies who deal with tin cans.

They also procured sheets from TATA (tinplate

corporation of lndia ltd) also imported prime

material from UK, USA and Dubai etc.

Figure 2 IMAGES OF THE PRODUCT WHICH IS MADE

IN COMPANY

-


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STANDARD SIZE AND SHAPES

CANS AND

COMPONENTS

TRADE

NAME

DIA X

HEIGHT

(in MM)

DIA X HEIGHT

(in MM)

General Line

Built-Up Cans

Available in the

mention

diameters:- For

Baby Food,

Protein Powder,

Coffee, Ghee etc

65

73

99

83

105

127

153

174

211

300

401

307

404

502

603

700

Pesticide Cans 100 ml.

250 ml.

500 ml.

1 Ltr.

52 x74

74 x80

83 x 114

105 x 133

83 x 108

105 x 132

178 x 197

202 x 215

301 x 302

307 x 408

404 x 504

Paint Cans 1/2 Ltr.

1 Ltr.

4 Ltr.

83 x 108

105 x 132

178 x 197

307 x 404

404 x 503

700 x712

1. Ring-lid - taggerassembly

Available 30'1,in size -

307 ,

401,

404,

502

2. DT type for paintsand adhesives

available 2 ways

in size -

1 ltr,

4 ltr


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3. Easy open end forOTS and baby food

in size available

201 - 52 mm,

2'11 - 63mm,301 - 74mm,

307 - 84mm,

401 - 99mm

4. 15 Kgs TinContainers they

have been in

manufacturing of

square 15 kg tinsfrom the past 11

years and have

three running units

in Kundli

(Haryana),

Ludhiana (Punjab)

and Gwalior (M.P.)

it is used

specifically for

edible oils like

Vanaspati,Desi

Ghee and Mustard.

Major client

included Kwality

diary lndia ltd,

Nova, Paras, and

many more. It is

offered in two

variants, one inscreen printing and

second in 4 colour

offset printing with

food lacquer duly

done.


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PRITINTING PROCESS

In a company there are huge machines which are

used for the printing tin plates. The blue print

send by the client in that they have already

decide the colour, font, design of the tincontainer.

Figure 3 TIN SHEETS ARE SENTS FORCOLOURING

Figure 4 TIN SHEETS ARE SENT IN FURNANCE TO

MAKE THE COLOUR PERMANENT


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Delivery System:

They have their own transportation network with

a fleet of 6 HMU they insure a time saving and

economical delivery on for basis to sure bestservices to the vendor.

They have trucks with all INDIA permit, so that

the product will reach to the client in given

period of time without any delay. Their main

motto is to provide better service and full

satisfaction to their clients so that they would

able get more orders from clients.

GOVERNMENT POLICIES:

a) BBN:- BBN Industries Association came intobeing some times in the year 1995 when some of

the industries got together and formed Industries

Association for the Baddi, Barotiwala and

Nalagarh areas of Solan District under the

chairmanship of Sh. Sachit Jain Executive

Director of Vardhman Group of Industries at

Baddi. It was in August 2003 that this

Association was registered as a Society under

the Society registration Act 1860. The main aims

and objects of the Association are:-

1. The Association is formed for the

development of industries of Baddi, Barotiwala

and Nalagarh industrial areas and to take up the

issues of mutual interest of the industries with

various authorities.

2. Sharing knowledge on technical and related

areas.

3. To take up welfare and development measures

for the general development of the areas of

Baddi, Barotiwala, and Nalagarh or any other

place in whole of the Himachal Pradesh as

decided by the Executive Committee of the

Association.


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This Association which started its journey with

only a few members at the initial stage has

become one of the largest local Industries

Associations of Northern India and has achieved

a membership base of more than 550 members.

This Association has may a prestigious projects

like Common Effluent Treatment Plant (CETP),

Skill Development Centre, Working Mens

Hostel, Shivalik Solid Waste Managementa

TSDF. The proposal for Mini-Tool-Room is in

the pipeline

b) Special economic zone: - As the governmenthas declared the baddi as a SEZ area of

HIMACHAL PRADESH there is a lots of

subsidy schemes launched by the government to

promote the industrial area for this they made

The Special Economic Act, 2005 (SEZ, 2005).

The Special Economic Zones Act, 2005 was

passed on the 23rd June, 2005, in an attempt to

give a framework to the implementation of SEZs

in India. It includes several regulatory and

investment fostering mechanisms.

The objectives of the government is be to

generate additional economic activity, promote

exports of goods and services, create

employment opportunities, and develop

infrastructure, all while maintaining the

sovereignty and integrity of India

ii. Tax Exemptions, Finance and Banking

The Act specifies all those taxes and duties that

the developers would be exempted from in theSEZs. There is exemption from Custom Tariff

Act, 1975, Central Excise Act, 1944, Central

Excise Tariff Act, 1985 and other similar laws

100 percent Income Tax exemption on export

income for the first 5 years, and 30 percent for

the next 5 years is offered.

The Act also specifies the financial governance

structure of the SEZ. Bank branches in SEZs can

be set up after the approval of the Reserve Bank

of India (RBI), which is Indias central bank.


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iii. Law Enforcement

The Development Commissioner would have

the cases investigated, and the cases would be

heard at the court appointed by the State

Government and the Chief Justice of the stateHigh Court. It also states that in case there is any

inconsistency of this law with other laws, than

this Act would have an overriding effect over

others.

BENEFITS OF SEZ

The Baddi-Nalagarh-Barotiwala belt was

designated a SEZ and several financial and tax

incentives were announced to encourage

development in that area.

Tax Benefit:

i. Exemption from payment of excise duty on allproducts manufactured at new units set up here

and also the Local VAT, C.S.T @ 1 percent.

ii. 100 per cent exemption from payment of incometax for the first 5 years and 30 per cent

exemption for the subsequent 5 years.

Other benefits:

i. Capital investment subsidy of 15 per cent onplant and machinery subject to a ceiling of INR

3 million.

ii. Adequate allotment of cheap land and fasterclearances from all government departments.

iii. Creation of the necessary basic infrastructure.

Labor Welfare:

i. Award for the achievement:In SAGAR ISPAT there will be an award

function every end of the month. The company

gives award to the efficient & smart worker. Inthe month of May Mr. Nutun get the award.


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ii. Medical Facility:If any wrong will occur in the company there is

a medical care facility for the workers. A proper

first-aid box has been maintained for such

incidents.

iii. Lodging and food Facility:There are proper housing facilities which are

provided to the workers near the company, also

the proper diet given to the workers in a neat and

clean canteen.

iv. Provident Fund Facility and Insurance Scheme:There is also the facility if provident fund which

every worker has to deduct from their salary

every month. It is the facility which thegovernment had introduced in the private sector.

The rate of interest on EPF has been declared by

the ministry i.e. @ 9.5% for the year 2010-2011

Environmental Effect:

They made an eco-friendly product as we all

know how much plastic is dangerous for our

society. So they made the product which causes

less pollution in environment.They made park near the main gate so that the

labor can sit there in their free time and get

relaxed.

A lot of plantation is done in the surrounding of

the factory so that the air should maintain its

freshness.

The company also take care of the cleanliness

around the company for that they make a proper

pipelines and pits for taking out the waste of the

factory.

There is a lots of scrap material which remainsafter making the finished goods, they send them

to the market for selling; there is no wastage of

material and money in SAGAR ISPAT.

Marketing Strategies:

As we know that in running any company and to

maintain high sales volume we need strong

marketing strategies. To sustain the market share

and to be ahead of the competitors, effective and


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efficient marketing strategies are required.

Here this company Sagar Ispat Pvt Ltd does opt

for few very effective marketing strategies:

i. They deal in manufacturing of Tin cans andcontainers rather than of plastic. Here the wholeidea is to be a single player as in plastic

manufacturing of cans and containers there are

numerous players in the market as compare to

former one. Hence they face less competition

and big market to capture.

ii. As in many states like Himachal Pradesh there isban on the use of plastic and soon the

government is deciding about the complete ban

which means that the any consumable product

must not be in plastic packing, hence themanufacturers will shift towards the tin packing,

which ultimately will benefit the companies like

Sagar Ispat.

iii. This company has its strong presence andoperation in north India and for that it has

established four manufacturing units and all are

in north India, so the intention is very clear and

the objective here is to capture all market in

north India.

iv. They provide their product at fewer prices thanthe other companies selling plastic containers, so

that the clients go with the tin containers.

v. The company uses its own transportation systemto deliver the manufactured items. Which further

lead to client satisfaction through timely

delivery and cost cutting for the clients, which

results in maximizing the sales volume?

Competitors:

As the companies is making tin containers as

well as the tin plates the main competitors are

the one who are doing the same business but

they also have to look up the one who are not

making the tin containers but they are making


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the plastic containers e.g. the PIDILITE

INDUSTRIES LTD. Earlier they were using

plastic cans for their products but nowadays they

move towards tin cans for the same product.

Figure 8 Earlier containers used by PIDILITE

INDUSTRIES

Figure 9 Now the plastic containers change into tins

containers

Some competitors companies are:

Delhi Tin Met Ltd. Diwansh Argro Plastic Company Sunrise Tech. R.J Polymers Tin Box Company Metal Can CompanyThese all companies are in the same business

line they all make the containers for the different

multinational companies.


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Future Aspirations

In coming time, the main focus of the company

is to improve the technical portion of thecompany and to also make a competitive

advantage among the competitors, as we know

that today the clients only prefer technical strong

and updated party so the company is planning to

strengthen its technical wing.

The company soon will make its manufacturing

process totally automated to reduce the manly

errors and wastage but to increase the efficiency,

accuracy, speed, quality of manufacturing. For

this company will buy new and latest machinery.

They are soon deploying a fully automatic body

making machine which produces cans and

containers at a speed of 200 per minute, to cater

to the masses. Their future expansion involves

addition of new Japanese printing units and

automatic body making machine for higher

production and better quality.

Major Problems:

There are some major problems they have to

deal in their daily life being settled in industrial

area:

i. Time Management:In SAGAR ISPAT there was a problem

regarding management of time or can say nowork has done at right time. The main reason

behind it is the shortage of staff, which is the

company is facing. There is less number of

accounting staff in SAGAR ISPAT

ii. Loss due to labor carelessness towardsmaking finished goods:Lots of time there was rejection in lot of finished

goods which occurs loss to the company and it

directly effects the budget of the company

iii. Financial Problem:


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Lack of funds is also facing by the company

because of this they are unable to buy automatic

machine for their company they still are using

the semi-automatic machine but most of the

small scale industries are now using the advance

machinery

iv. Transportation Problems:There is shortage not shortage but no means of

transportation in their locality, if any worker

wants to their prior then the regular time he\she

has to go by walk. There is no government bus

in morepen road. Some big companies have

provided their own buses for the staff but the

bus only go when the working hours of the

workers being complete. Because of this reasonthe workers are not interested in doing job in

that area they only want to work where the main

road is near. If any part of the machine has to

buy from the market the company has to send

the person with their own vehicle. If someone

wants to visit the company they should have

their own vehicle, a vehicle can be affordable for

an officer based employee but what about a

labor they have to walk 2 km in the morning to

come to their work and 2km in the evening to

going back to their home.

v. Technical Staff:Also there is shortage of the technical staff in

SAGAR ISPAT. This problem directly affects

the production of the finished product. If any

part of the machine has not working properly

then the company has to call the technical

person from outside to solve the problem.

vi. Delivery Problem:The company has to face proper delivery of raw

material like carton; tin plates etc. there is

always delay in delivery of raw material which

directly affects the further delivery of finished

goods to the client. It may affects to their

goodwill while giving orders in future the client

will think about the delivery of previous order,

further it affects the growth and profit of the

company.


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Topic: Basic Accounting & Financial

Activities

a. Ratio AnalysisIt is a Ratios Analysis of the company year

2012-2013. Ratio analysis expresses the relation

between two financial variables taken from

financial statement of an accounting period in

the form of ratio. It is a technique of analyzing

the financial statement.

Ratio Analysis for the year ending 31-March-

2013

Principal

GroupsAmount Principal Ratio Amount

Working

Capital (C.A-

C.L)

2,18,22,764.88DrCurrent

Ratio(C.A-C.L)6.72:1

Cash in hand 4,13,760.05 Dr

Quick Ratio(C.A-

Stock in hand

:C.L)

4.05:1

Bank A/c Nil

Debt/EquityRatio(loans:

Capital a/c + Net

Profit)

0.05:1

Bank OD A/c Nil Gross Profit% 16.69%

Sundry

Debtors1,48,14,555.99 Dr Net Profit% 6.30%

(due till

31/3/13)67,28,737.22 Dr

OperatingCost%(as

percentage of

sales )

93.70%

Sundry

Creditors33,96,550.73 Cr

Recv. Turnover

in days(payment

performance of

Debtors)

53.51

days

(due till

31/3/13)46,97,317.73 Cr

Return on

Investment%(Net

Profit/ Capital

A/c + Net Profit)

100.00%


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Sales A/c 13,25,13,318.30Dr

Return on

Working

Capital%(Net

Profit/ working

Capital)%

38.28%

Purchase A/c 10,38,07,555.19DrStock in hand 1,02,04,695.86 Dr

Net Profit 83,54,651.83 Cr

Working

Capital

Turnover(Sales

A/c /Working

Capital)

6.07

Inventory

Turnover(Sales

A/c /Closing

Stock)

12.99

b. Profit & Loss A/c for the year ending31-Mar-2013

Particula

rs Amount

Total

Amt.

Partic

ulars Amount

Total

Amt.

Packaging

Material

A/c 1,11,676.94

Centr

al Sale

@ 1%

6,63,72,385

.25

Raw

Materials

A/c 2,79,299.57

Local

Sale

@ 5%

6,61,40,933

.05

Opening

Stock

23,90,9

76.51

Sales

A/c

13,25,1

3,318.3

0

Purchase

Central

7,96,12,233.

19

Sales

Billsto

make

Purchase

VAT-5%

2,41,95,322.

00

Purchase

A/c

10,38,0

7,555.1

9

Packa

ging

mater

ial

a/c 91,313.33

Purchase

Bills toCome

Raw

material a/c

1,01,13,382.53

1,02,04,695.86


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Closin

g

Stock

Consuma

ble exp.

a/c 1,65,010.25Copper

wire

polishing

charges 3,51,745.00

Cutting

charges 9,543.00

EPF 61,441.00

ESI 8,233.00

Freight

inward 5,07,908.68

Job workprinting

charges 58,335.00

LID

emboss

charges (-)18,900.00

Loading

&

unloadin

g a/c 46,570.00

LPG gas

Chargesa/c 34,81,973.91

Offset

printing

press ink 61,06,769.32

Packagin

g

material

a/c 43120.00

Power &

electricit

y charges 13,43,771.00Printing

&

Designing 2,61,106.12

Tools a/c. 2,86,806.00

Wages

a/c 16,17,066.00

Direct

Expenses

1,44,04

,498.28

Gross 2,21,14


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Profit c/o ,984.18

14,27,1

8,014.1

6

14,27,1

8,014.1

6

Advertisi

ng

Expense 150000.00

Associati

on Fees 4000.00

Gross

Profit

B/F

2,21,14

,984.18

Bank

Interest 55,69,714.99

Cartage (-)756.00

Indire

ct

Incom

es 0

Compute

r Repair

&

Maintena

nce 37196.00

Conveya

nce

Expenses 31376.00

Depreciation 18,75,646.00

Diseal &

Petrol 9,96,400.00

Director

Remuner

ation 7,20,000.00

Diwali

Expenses 31440.00

Electrical

Repair &

Maintenance 60344.00

Food &

Refreshm

ent

Expenses 5,88,632.00

Freight &

Cartage

Outward 14,32,349.00

General

Expenses 70475.00

InsuranceCharges 35,121.00


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Interest

on

Vehicle

Loan 72,226.00

Legal &

Professional Fees 34,582.00

Medical

Expenses 41,035.00

Newspap

ers &

Periodica

ls 5,776.00

Postage

&

Couriers 24,444.00Printing

&

Stationar

y 32,829.00

Rebate &

Discount 79,445.36

Rents,Rat

es %

Taxes 2,78,684.00

Repair &

Maintenance 7,64,594.00

Salary 3,92,260.00

Security

Guard

Expenses 3,03,948.00

Short &

Excess 3589.00

Staff &

Labour

Welfare

Expenses 22,680.00Telephon

e &

Mobile

Expenses 62,460.20

Toll Tax 3896.00

Travelling

Expenses 34,844.00

Vehicle

Running

&

Maintenance 1,30,101.00


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Indirect

Expenses

1,37,60

,332.35

Net

Profit

83,54,6

51.83

TOTAL

2,21,14

,984.18

TOTA

L

2,21,14

,984.18

c. Balance sheet for the year ending31March, 2013

Liabilities

Amou

nt Total Assets

Amou

nt Total

Capital A/c Building

69,00,

653.0

0

Camera

1,01,4

46.00

Secured Loans

4,4,28

9.00

Commercial

Vehicles

7,59,1

34.00

Loans

(Liability)

4,4,28

9.00 Computer

29,47

1.00

Copper Wire

3,66,7

85.00

Duties & Taxes

13,65,

451.29

Electric

Fitting

1,38,4

35.00

Sundry

creditors

33,96,

550.73 Exhaust Fan

10,59

8.00

Expenses

Payable

(-

)9,45,7

44.00

Furniture &

Fixtures

2,681.

00

TDS on

Contract

(-

)3,11.0

0

Himachal

Land

41,43,

520.0

0

Current

Liabilities

38,13,

147.0

2

Mobile

Phones

17,21

9.00

Motor Cycle

A/c

22,79

9.00

Sagar Ispat

India Pvt. Ltd.

(Delhi)

76,68,

687.01

Office

Equipment

33,99

9.00


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Sagar Ispat

India Pvt.

Ltd.(Gwalior)

52,10,

285.00

Plants &

Machinery

A/c(Baddi)

56,38,

026.0

0

Sagar Ispat

India Pvt.

Ltd.(Ludhiana)

1,36,3

1,032.

00 Plastic Crates

1,66,5

77.00

Branch/Divisio

ns

2,65,1

0,004.

01

Washing

Machine

5,732.

00

Water Cooler

3,236.

00

Opening

Balance

48,87,

131.04 Fixed Assets

1,83,7

0,311.

00

Current Period

83,54,

651.83

Profit & Loss

1,32,4

1,782.

87 Closing Stock

1,02,0

4,695.

86

Deposits(Asse

t)

2,02,9

00.00

Sundry

Debtors

1,48,1

4,555.

99

Cash in hand

4,13,7

60.05

Current

Assets

2,56,35,911.

90

Total

4,40,0

6,222.

90 Total

4,40,0

6,222.

90


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d. Making Bills in tally

Tally is software using for making bills. It helps

in maintaining the records of the company. We

can make profit & loss a/c, Balance sheet etc.

Bills in tally

i. Sale Bill:


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ii. Purchase Bill:


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iii. Payment Bill:


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iv. Receipt Bill:


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Conclusions

SAGAR ISPAT PVT. LTD. is the company

that deals with tin containers and tin plates. Its a

basically an environment friendly companycomes under the BBN which is basically an

Industries Association which form in 1995

For the BADDI, BAROTIWALA and

NALAGARH areas of district SOLAN under the

chairmanship of SH. SACHIT JAIN

(EXEUTIVE DIRECTOR of VARDHMAN

GROUP of INDUSTRIES at BADDI).On

August 2003 this Association was registered as a

Society under the Society registration Act 1860.

SAGAR ISPAT is a large group of small scale

industries. It is started by the head of the familyMR. TILAK WADWA, he is retired teacher.

SAGAR ISPAT is having a 3 units other than

Baddi which are in Kundli (Haryana), Ludhiana

(Punjab), Gwalior (Madhya Pradesh) covering

the northern belt in total. All the family

members are in the their family business,

SAGAR ISPAT is handle by Mr. Surinder

Wadwa at Baddi and Mrs. Pummy Wadwa &

Mr. Sagar Wadwa at Delhi. As the their family

business is so wide all the accounts are handle inDelhi in the guidance of Mrs. Pummy Wadwa

and Mrs. Pooja Wadwa wife of Mr. Bharat

Bhushan Wadwa.


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31

Suggestions and Recommendations

Nothing is perfect in this universe. Either

everybody taking an advice or giving a piece of

advice.In SAGAR ISPAT there are a lot of things which

needs a change. These are generally:

i. Formation of capital budget every starting of thefinancial year.

ii. Management of the working capital. Maintain aproper record of the day to day transactions of

the company.

iii. Appoint a cashier to maintain the cashtransaction on daily basis.

iv. Proper investment policies to be made. So thatthere should be proper flow of money (cash

inflow & outflow) in the company.

v. There should be proper transport for the workersworking in the company. So that they could

easily come to their work and can go home

timely.

vi. An attendance machine should be there forproper record of the workers attendance it will

help in the time of distribution of wages to the

workers.

vii. Dress, safety gloves & helmets which must beISI proved should be providing to the workers

for their safety.

viii. They should appoint a peon for the properarrangement of files. By this no extra time has to

devote by the employees for filing.

ix. Oilman should be appointed by the company foroiling the machines. Presently it is done by the

worker itself at their working time. If oilman is

appointed then he will oil the machine before the

workers come to their work.


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32

x. At the very end of the month there should have acleanliness program day in that day all the

workers has to clean their rooms and

surrounding in details and spread insecticides in

the rooms and surroundings.


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33

Methodology

Getting information for this project I have to meet many

employees in the company. I collect the basic information i.e.

formation of the company, rules and regulation followed by the

company, numbers of employees working in the company etc.from the owner of the company Mr Wadwa Information

regarding analysis of financial statement of the company I

consult Miss Ritu and Mr Abinav that what documents the have

to prepare for the auditing of the accounts.

For getting the information regarding labour issues and

problems I have to talk to them make them familiar with me

and ask them to share their problems.

There is a file in the company which carries the basic details of

the family; their shares in the company, bank accounts etc. with

the help of that file I would able to get the information about

the ownership in the company.There are different sites on internet from where I

get the information about the company and their

product line, also about the BBN and SEZ that

what they are and when they formed? What is

the basic purpose of these associations? And

also from the help of my friends we shared the

information which we had in our hands


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34

Bibliography / References

Website:a. About company,

http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29

(view at 25/ July , time 11 p.m.)

b. For product details,http://www.indiamart.com/sagar-ispat-

pvtltd/products.html#tin-(View at 28/July, time

1:20 p.m.)

http://sagarispatindia.com/index.php?option=co

m_content&view=article&id=18&Itemid=18

(View at 28/ July, time 1:23 p.m.)

c. For infrastructure detailshttp://www.indiamart.com/sagar-ispat-pvtltd/#

(View at 28/ July, time 1:26 p.m.)

http://sagarispatindia.com/index.php?option=co


(View at 28/ July, time 1:24)

d. For baddi Special Economic Zone Informationhttp://www.drupa.de/cipp/md_drupa/custom/pub

/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/Th

e_Baddi_Special_Economic_Zone_a_review.ht

ml(view at 26/ July, time 10:44 p.m.)

e. For printing Process images and other images:http://sagarispatindia.com/index.php?option=co


(view at 28/ July, time 1:23 p.m.)

Files:a. About family details : Prepared by Mr. Abinav

Sethi

From Family Detail File

b. Profit and Loss, Balance Sheet & ratio Analysis:Prepared by Mr. Abinav Sethi

Balance sheets file of Sagar Ispat
http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://www.indiamart.com/sagar-ispat-pvtltd/http://www.indiamart.com/sagar-ispat-pvtltd/http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://www.drupa.de/cipp/md_drupa/custom/pub/content,lang,2/oid,12954/ticket,g_u_e_s_t/~/The_Baddi_Special_Economic_Zone_a_review.htmlhttp://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://sagarispatindia.com/index.php?option=com_content&view=article&id=27&Itemid=30http://www.indiamart.com/sagar-ispat-pvtltd/http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://sagarispatindia.com/index.php?option=com_content&view=article&id=18&Itemid=18http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://www.indiamart.com/sagar-ispat-pvtltd/products.html#tin-http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29http://sagarispatindia.com/index.php?option=com_content&view=article&id=22&Itemid=29


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c. Original shareholder table: Prepared by Mr.Abinav Sethi

From Family Detail File

d. Tally Bills: Prepared By Miss Ritu on Tally ERP9

Sale bills, Purchase Bills, Payments Bills and

Receipt Bills.

Accounting Reports: Prepared by Mr. AbinavSethi

P& L a/c, Balance sheet And Ratios Analysis

From Balance sheets file of Sagar Ispat

Annexures

Prepared by Mr. Abinav Sethi

a. Original data of the Profit and Loss Account,Balance sheet & ratios Analysis.

b. Internet and industry printoutsc. Original shareholder table.e. Duplicate Bills of Sale bills, Purchase Bills,

Payments Bills and Receipt Bills Prepared By

Miss Ritu on Tally ERP 9

3new project pritika

Documents