a project report on to study the welfare facilities provided in the bahety chemical & minerals pvt...

7/31/2019 A PROJECT REPORT on to Study the Welfare Facilities Provided in the Bahety Chemical & Minerals Pvt Ltd

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To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.

Executive Summary

Bahety chemicals and Minerals Pvt Limited is a small-scale industry. The company purchased

and constructed building in the year 1993. It started production in the year 1996. It is a private

company situated in the Industrial estate, Ambewadi. On the outskirts of Dandles city which is

enjoying all the required facilities like water, power, transport, labours and good environment and

materials

Title of the study:

Organizational Study and labor facility at BAHETY CHEMICALS & MINERAL

COMPANY PROFILE

Bahety chemicals and Minerals (Pvt) Limited is a small-scale industry. The company

purchased and constructed building in the year 1993. It started production in the year 1996. It is

a private company situated in the Industrial estate, Ambewadi. On the outskirts of Dandeli city

which is enjoying all the required facilities like water, power, transport, labours and good

environment and materials.

The company is achieving its sales target with some ups and downs. The company has

been receiving good response from customers and expected to achieve better sales in coming

years .The Company has its nature of business.

The company has not accepted any deposits from public as per the provisions of section

58A of the company Act, 1956

Babasabpatilfreepptmba.com

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OBJECTIVES OF THE STUDY:

a. To understand the practical aspects of the working of the company.

b. To study the company and know its working and its relevance economic development.

c. To analyze the functions of all departments in achievement of organization objectives.

Labor welfare improves the moral and loyalty of the workers by making them happy and

satisfied.

It reduces the labor turnover and absenteeism there by building a suitable work force.

It helps to improve recruitment as the job becomes

f. more attractive more efficient .

SCOPE:

The study helped me to gain the practical knowledge of working of an organization.

I got the knowledge of how Management activities are varying from theoretical aspects.

I got the experience the working of each department in practice and its effectiveness in

an organization .

LIMITATIONS:

The time prescribed is only 60 days.

Study is restricted to only one firm

The company will have some confidential matter, which cannot be discussed,

The interview of the workers is done randomly,

Most of the time the workers will not give their right opinion,

Time is not sufficient to the organization implementation of facilities in company


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Need of the study In H.R.M. Labor facilities are playing a very important role.

To improve better work force management.

Employee or labor welfare is in the interest of the employee, the employee and society

as a whole welfare measures enable the employee and his family to good life. Welfare

facilities like housing medical, childrens education, recreation etc help to improve the

family life of employee. Welfare measures lead to higher morale and productivity of lab

our.

METHODOLOGY

This project is at BAHETY CHEMICALS & MINERAL, DANDELI

The project has been prepared based on the information given by the company guide.

Other manuals, broachers were referred.

Consulted the respective in-charge of each department.

Referred to company website and other related websites.

FINDINGS:

Through the research it was found that 90% of the respondents are usingCanteen facility.

Only 56% of the respondents who are using housing allowance.

38% of the respondents are not satisfied with the present medical facility.

75% of the respondents are making of the transportation facility.

Management is quite good.


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SUGGESSION

On the basis of the outcome of in plant training the sincere effort is being

made to offer some suggestions to the firm.

they are as follows:

1. The Company must try to communicate their problem with its worker .So as

to get solved the problem of delaying works

2. Steps should be taken to improve the physical environment such as light

ventilation etc.,

3. Scientific approach should be given importance in some aspects like

recruitment, selection, placement, training etc.,

4. The company should give more encouragement to increase the workers

creativity and efficiency and also some more degree of freedom should be

given to workers to take their own decision at work.

CONCLUSION

On the whole, the financial position of the company is very good. However, there

are some areas which require immediate attention.

At present the company is not facing much competition. Hence there is an sample

amount of opportunity for growth.

On the whole, the company is moving forward with excellent management.


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COMPANY PROFILE

Bahety chemicals and Minerals ( Pvt ) Limited is a small-scale industry. The company purchased and constructed building in the year 1993. It started production in the year 1996. It is a

private company situated in the Industrial estate, Ambewadi. On the outskirts of Dandeli city which is

enjoying all the required facilities like water, power, transport, labours and good environment and

materials.

The company is achieving its sales target with some ups and downs. The company has been receiving

good response from customers and expected to achieve better sales in coming years .The company has

its nature of business.

The company has not accepted any deposits from public as per the provisions of section 58A

of the company Act, 1956

COMPANY OWNERSHIP

The company has two directors

Shri Jawaharlal bahety

Shri Chandrashekar Bahety Managing Director

Share Holder

1. Shri Jawaharlal Bahety

2. Shri Pritvi Bahety

3. Shri Badal Kumar Bahety

4. Smt.Laxmi Bahety

Staff

Manager - Mr. Mahesh Nadkarni

Accountant - Shri R.K.DeshpandeAsst Accountant - Mangala Prabhu

Peon - Manjunath


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AREA OF OPERATION

Production plant

Bahety Chemicals and Minerals (P) Ltd.,

C 1, Industrial Estate,

Ambewadi, Dandeli 581325

OBJECTIVES OF THE ORGANIZATION:

To expand their market into other states.

To modernize the organization by using the hi-tech machines in the production process

To increase the productivity

To produce chemical into different area.

To know the customer attitude towards alum. Chemical

Introduction of study

Human resource development is an organization, functions to improve the attitude and

cultural changes of employee to meet productivity requirements towards meeting the customer

satisfaction.

Over past decades the business scenario has changed as compared to a decade back due

to customers requirements are totally getting different. Customers want changes and

improvement very fast for which any organization should be ready for the survival in todays

tough customer changing needs from time to time in todays business scenario employees are

also considered as stakeholders liked others shareholders, customers and society.

HISTORY OF LABOUR IN INDIA:


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Before studying the welfare facilities it is necessary to study the retrospect of the period of

1914-1981 of the established and India became a International labour Welfare (ILO) was

established and India became a of it. The ILO was interested in protecting the workers againstexploitation by the employer and in improving the welfare programs after independence the

government of India began to take various measures including passing of progressive

legislations such as the India factories act 1948, ESI act, the EPF that deals in improving the

welfare facilities of the workers by the employers. In 1959 a study team of labor welfare was

appointed. The scheme in the fourth 5 year plan would be based on it; it divided labor welfare

amenities into 3groups.

Welfare facilities

The workers in Bahety Chemicals and Minerals are given some facilities for their.

Betterment and comfort

Washing resting facilities.

Facility for washing, storing, drying materials, resting first aid facilities have been provided the factory for the benefits of workers on duty.

Drinking water:

The company has made provision of clean, drinking water providing to the workers

during the working hours. There are drinking taps and coolers placed in every department.

Shelter and lunchroom:

After the working hours to take rest rooms have been made by the company and to have

food in lunchtime.

Canteen:

Canteen is also provided to the workers. It runs on no profit and no loss basis.


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EXPANSION AND DIVERSIFICATION :

Expansion of the company is under progress. The company is planning to produce

alum ferric solid through conventional process, Boiler evaporation of water from liquid alum.

Estimated investment in expansion process is Rs .27 Lakes. The funds required for expansion

of the company is likely to give 10 12 employment opportunities.

The company is also planning to diversify. It is planning to manufacture crystal alum for

which the market is better Swimming pools are one of the markets for crystal alum. 50% of the

diversification process is already developed. The estimated investment required starting up

producing crystal alum in Rs .3 Lakes.

MCKENSYA 7Ss FRAME

7Ss is a framework for analyzing and their effectiveness. It looks at the 7 key elementsthat make the organization successful they are strategy, structure, system, style, skill, staff and

shared valves.

Consultant at Mckensys and company developed the 7Ss model in the late 1970s to

help manager address the difficulties of organization change. The model shows that

organizational immune systems and the many interconnected variables involved make change

complex and that an effective change effort must address many of this issues simultaneous.

The 7Ss model is a tool for managerial analysis and action that provides a structurewith which to consider a company as a whole So that the organization problems may be

diagnosed and the strategy may be developed and implemented.

The 7Ss diagrams illustrate the multiplicity interconnectedness of elements that define

an organization ability to change managers thinking about how companies could be improved.

It says that it is not a matter of devising a new strategy and neither following it through nor it is

a matter of setting a new system and letting them to generate improvement.

To be effective in your organization must have a high degree of fit or internal alignment

among the all 7SSs. Each S must be consistence with and reinforce the other Ss. All Ss are

interrelated. So change in one has a ripple effect on all the others. It is impossible to make

progress on one without making progress on all. Thus to improve you organization you have to

matter system thinking and the attention to all the 7 elements at the same time there is no

starting point of implied hierarchy : - Different factors may drive the business in any one

organization .


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It is all very well devising a strategy but you have to be able to implement it if its to do

any good. The seven S frameworks first appeared in the Art of Japanese management by

Richard Pascal and Anthony Athos in 1981. They had been looking at how Japanese industry

had been so successful, at around the same time that Tom Peters and Robert Waterman were

exploring what made a company excellent. The Seven S model was born at a meeting of the

four authors in 1978. It went on to appear in In search on Excellence by Peters and

Waterman and was taken up as a basic tools by the global management consultancy

McKinneys its sometimes know as the McKinneys 7S model.

To better represent the challenges of Service Marketing McKinsey developed a new

framework for analyzing improving organizational effectiveness the 7S model.

The 3Ss across the top of the model are described as Hard Ss

Strategy: The direction and scope of the company over the long term.


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Strategy

Skills

Staff

Structure

Systems

Style

Shared

Values


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Structure: The basic organization of the company, its departments, reporting lines, areas

of expertise and responsibility and how they interact.

System: Formal and informal procedures that govern everyday activity covering

everything from management information systems, through to the systems at the point of

contact with the customer (retail systems, call center system, online systems, online systems

etc.)

The 4Ss across the bottom of the model are less tangible ,cultural in nature and were

termed Soft Ss by McKinney

Shared values: The values and belief of the company ultimately guide employees

towards Valued behavior.

Staff: the companys people resources and how they are developed trained and

motivated.

Style: The leadership approach of top management and the company overall operating

approach


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BAHETY CHEMICALS AND MINERALS PVT LTDANDELI

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31.03.2006


PARTICULARS AMOUNT PARTICULARS AMOUNT

To Material consumed 122.9413.00 By Sales 19542081.00

To manufacturing

expenses

2066634.00 By other incomes 272438.00

To Payment to employees 3962831.00

To administrative

expenses

437391.00

To Interest 164391.00

To Depreciation 427959.00

PROVISION OF TAX

To current years income

tax

147557.00

To current years deferred

tax

44000.00

To earlier years deferred

taxTo Net p& L Account 354351.00

TOTAL 19814519.0

0

19814519.00

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BAHETY CHEMICALS AND MINERALS (PVT) LTD.,

Balance Sheet as on 31.03.2007


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BAHETY CHEMICALS AND MINERALS (PVT) LTD .,


LIABILITY AMOUNT ASSETS AMOUNT

SAHRE CAPITAL FIXED ASSETS

Authorized-Capital 1000000.00 Gross block 7244871.00Paid-up capital 1000000.00 Less: Depreciation 2642998.00

Reserves and surplus 3086958.00 Net Block 4601873.00Secured Loans 2019216.00 Investments

Unsecured Loans 569734.00 CURRENT ASSETS

Deferred tax liability 451000.00 Inventories 1532455.00

Current liabilities 1673515.00 Sundry debtors 2201381.00Provisions 368028.00 Cash & bank balance 493742.00

Other current assets148822.00Loans and Advances 186699.00

Miscellaneous Exp 3479.00

TOTAL 9168451.00 9168451.00

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Profit and loss account for the year ending 31.03.2007

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Material consumed 1715060.00 By Sales 31321229.00To manufacturing expenses 4015111.00 By other incomes 1491652.00

To payment to employees 7195997.00

To administrative expenses 858968.00

To Interest 263406.00

To Depreciation 608310.00

PROVISION FOR TAX

To current years income tax 525486.00

To current years deferred tax 204991.00

To earlier year deferred tax 63000.00

To Net profit transferred toProfit and Loss Account

17362552.00

TOTAL 32812881.00

32812881.00

DEPARTMENTS

PRODUCTION DEPARTMENTThe Production department is one of the important departments in the company. It is the department

that produces the product on which the company is established. Special care is taken in this

department on production.

PRODUCTS PRODUCED :

The company is engaged in the production of three types of

Alum they are

Vise ferric alum

Vise ferric liquid alum

Non ferric alum

The company has not yet recurred any brand image .MANUFACTURING PROCESS


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Measured quantities of water and superrich acid are initially let in reactors. A weighed

quantity of Alumina is slowly added to the reactor. When the complete raw materials are together

exothermic reaction takes place. (Lot of steam and heat is evolved in the process). After about an hour

time viscous Alumina Soleplate (Alum). Is ready in the reactor.

The viscous Alumina Soleplate (Alum) is brought out from the reactor and allowed to settle in moulds

where it solidifies in about an hours time.

Alumina Soleplate (Alum) is either sold in blocks from or broken into pieces and

bagged as per requirement of the customer.

MANUFACTURING PROCESS

Measured quantities of water and superrich acid are initially let in reactors. A weighed

quantity of Alumina is slowly added to the reactor. When the complete raw materials are together

exothermic reaction takes place. (Lot of steam and heat is evolved in the process). After about an hour

time viscous Alumina Soleplate (Alum). Is ready in the reactor.

The viscous Alumina Soleplate (Alum) is brought out from the reactor and allowed to settle in moulds

where it solidifies in about an hours time.

Alumina Soleplate (Alum) is either sold in blocks from or broken into pieces and bagged as

per requirement of the customer.


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WORKFLOW MODEL:-

+

+

EXOTHERMIC REACTION

EVOLVEMENT OF HEART ANDSTREAM

List of critical raw materials presently in the manufacturing of Alumina Soleplate

(Alum)

RAW USED MATERIALS

1. ALUMINA OR ALUMINA HYDRATE

2. SULPHURIC ACID OR WASTE

SULPHURIC ACID OR SPENT SULPHURIC ACID

SULPHURIC ACID .


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ALUMINA

SULPHURICACID

WATER

ALUMINA

SULPHATE(ALUM)


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PURCHASE DEPARTMENT

The purchase officers and assistance heard the purchase department. The clears take the

requisition from various departments and forward to the purchase offices and then the purchase office

arranges to the purchase required materials from the best seller available in the ma rket.

The purchase department plays a very important role in the company where the dealing made between

the purchase officers and sellers is convenient then it can be help in reduction of the price of the

materials and their by which will also result in increase of profit

Functions

a. Purchase the good quality materials.

b. Have a better dealing at present and future with the supplier

c. Purchase only and required materials.d. The improvement suppliers of Bahety Chemicals.

SUPPLIERS

a. Abhitej Industries, Kolhapur

b. Hidalgo Industries Belgaum

c. Acid Plus, Bangalore

d. Advance surfactance India Limited Banglore

e. Aureola Chemical, Mangalore

f. Balaji Industries Kolapur

g. Belgaum Minerals Belgaum

h. Barat Chemical Satara

i. Carborendam Universal Ltd., Gujrat

j. Chemech Corporation, Sangli

k. Deepak Nitrate Dharwad

l. Excel Traders Ichalkaranji

m. Farmer Brothers, Kolapur


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SALES DEPARTMENT

Sales Department is also an one of the important department in the company. This department is

important because it gives a clear picture of how much to produce? Which will also help in the

investment to he made and to purchase department to purchase raw materials.

The sales department has a procedure, by which it is done i., fit receives the order from the buyers

and forwards the order to the production department and as per the order production department

produces the required production and it makes the packing of materials and sends it to the buyers as

per the order.

Sales department also take care of the time given to it by the buyer to produce the product. If there

is any default in the order such as product not as per order or not at time or minimum product supplied

the party will send back the sample to the organization and the organization gives certain percentage

of discount for the default but no replacement is made.

The some of the important customers of the Bahety Chemicals and Minerals are:-

a. West Coast Paper Mills Limited, Dandeli

b. Grassing Industries Ltd, Harihar

c. Zuari Industries Goa

d. Balkrishna Harikrishna Hyderbad

e. Karaveera Badhra Traders Hubli

f. Kitlab Dharwad

g. Mahindra Chemicals Banglore

h. Nuclear Power corporation Kaiga

i. Sameer Chemicals Banglore

j. Shreyas Paper Mills Dandeli

k. Vicco Laboratories Nagpur

l. Shri Laxmi Industries Belgaum


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ADMINISTRATION DEPARTMENT

Administration Department takes care of the whole activities happening in and around the

company. The personal manager heard the department and personal managers is responsible for the

man power in the whole factory. Personal Manager is connected with the most efficient us of people

to achieve organization and individual goals. It is the way of managing people at work so that give the

best to the organization.

Administration department also takes care of the planning ,organizing, directing,

controlling ,procuring and developing and integrating of the company and human resources to the

end. It also looks after the financial matters of the company.

Administrative department is concerned in the following works.

a. Maintenance of files, records etc.,

b. Collecting and presenting the data in the form of useful information from the records.

c. Maintenance of time management in the company.

d. Insuring smooth running of the office files by interacting with external agendas as required.

e. Good relation between the employer and employee.

f. Maintaining the financial matters of the company.

g. Good relations with supplier and customers

h. Maintenance of salary, wages records

i. Keeping all the records of the entire department.


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HRM PRACTICES IN BAHETY CHEMICALS AND MINERALS

1. Number of Employees

There are 30 workers working in Bahety Chemicals out of which 10 workers are permanent

worker. There are 20 workers who are casual and some are on contract basics.

2. Selection and training

As the company is small scale industry maximum of the employees are important on the basics of

personal interview and the required work knowledge.

After the selection training takes place in the company. There is no special training method or

technique as such practiced in this company. The newly joined workers are given training under the

senior workers they will train the workers until they become efficient. If an inefficiency is noticed in

the worker. Such workers are put to work under experienced and efficient .

3. Working time

Working hour in the organization is from 8.30 A.M to 12.30 P.M to 2.00P.M. After the lunch

brakes the work restarts at the 2.00 P.M and closes at 6.00 P.M .If there is any workload after 6.00

P.M the labours have to work overtime for which they are paid extra. The working days are from

Monday to Saturday i.e, 6 days a week. The workers are provided with holidays on the national

holidays.

4. Wage system

The company is following both time wage and piece wage system for different of work. The

workers involved in production are provided wages on piece wage system and other workers such as

staff workers are given wages on time wages systems.

The company gives gifts such as clothes etc to workers on festivals specially Diwali .

5. Workers and management relations

The relationship between the workers and management of the company is very good .themanagement involves the all the people in decision making and there is participation off every body

in management activity.

Workers are given significance by management to work and they are given freedom at work.

Workers have autonomy to work in their own way and to take their own decision on simple matters at

work. Workers opinion is taken into account while making decisions.

6. Welfare and Safety Measures


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The company is also looking after the welfare of the workers. As the industry is situated in

Industrial Estate, there is a canteen facility for the workers. The physical work environment of the

production is very good but is also dangerous as all the production is very good but is also danderous

as all the materials used are acidic. So company is providing all safety measures such as Gumboots,Hand gloves, and Goggles. There is also clean drinking water facilities, proper ventilation etc, are

provided.

The physical structure of the factory is arranged in such a way, which controls accidents at

work. If any accident takes place 1 st aid facilities is also provided.

LABORATORY DEPARTMENT

Laboratory is also one of the important departments here because this department is used of

testing the raw materials and the finished goods for their quality. There is a lab in charge that looks

after all the functions of the laboratory. Lab in charge has certain other workers under him who help

him in executing his functions.

STUDY OF RATIO ANALYSIS OF BCM

MEANING OF RATIO ANALYSIS

Ratio analysis is a widely used tool of financial analysis. It is defined as the systematic use of

ratio to interpret the financial statemeconditions can be determined. The term ratio refers to numerical

or quantitative relationship between two item/variables. This relationship can be expressed as (i) percentages (ii) Fraction (iii) proportion of numberings co that the strengths and weakness of firm as

well as its historical performance and current financial.

TYPES OF RATIOS

1) LIQUIDITY RATIOS:

Obligations The liquidity ratios measure the ability of a firm to meet its short term and reflect

the short-term financial strength/ solvency of a firm

The ratios which indicate the liquidity of a firm are (i) Networking capital (ii) Current ratio

(iii) Acid test/ quick ratio (iv) Super quick ratios and (v) Turn over ratios.

CAPITAL STRUCTURE OF BCM

SHARE CAPITAL

1 Authorized capital Rs. 10,00,000

10,000 equality shares of Rs. 100 each


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2 Subscribed/ paid-up share capital Rs. 10,00,000

10,000 equality shares of Rs .100 each

BORROWED FUND:

The Company has taken term loans from Corporation Bank Dandeli Ltd. It has also taken

unsecured loans from its joint associate Shri. Raghavendra Chemicals. The company has also received

government subsidy of 25% on capital investments

TABLE SHOWING THE LONG TERM LOANS TAKEN BY BCM

Year Loan

Secured Loan Unsecured Loan2005-2006 2019216.00 569734.00

2006-2007 3651599.00 115000.00

2007-2008 3742360.00 2664000.00

INVESTMENT FIXED ASSETS IS SOWN BELOW

SL.NO Fixed Assets Total Investment ( Rs.)

1 Land and Building 30,00,000.00

2 Machinery 12,00,000.00

3 Adjacent Building 15,00,000.00

RATIOS YEARS

Liquidity ratio

Current ratio

2006

2.61

2007

2.40

2008

2.40


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I. Activity ratios

Inventory turn over ratios

Debtors turn over ratio

Fixed assets turnover ratio

Current assets turn over ratio

Working capital turn over ratio

Total assets turn over ratio

12.75

8.87

4.24

4.46

12.42

2.13

14.49

6.31

6.85

3.72

5.48

2.21

8.39

15.50

6.23

4.39

5.01

1.66

II. Profitability ratio

Net Profit ratio

Gross profit margin

Return on assets ratio

Operating profit ratio

1.81

37.07

11.74

1.95

5.43

4.96

1.56

7.84

3.14

29.80

22.86

3.80

III. Expenses ratio

Operating expenses ratio

Administrative expenses ratio

Selling expenses ratio

21.86

20.27

1.58

27.11

22.97

4.14

26.67

21.98

4.68

IV. Coverage ratio

Interest coverage ratio 2.32 9.33 2.48

Current ratio:

The current ratio is the ratio of total current assets to total

Current liabilities.

Current ratio = current assets/ Current liabilities

The higher the ratio, the larger is the amount of rupees available per rupee of current liability,

the more is the firms ability to meet current obligations and the greater is the safety of funds of

short term creditors.


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The ideal current ratio is 2:1 the firm with higher current ratio has better liquidity /short term

solvency

When we look at the companys current i.e (2006) 2.61, (2007) 2.40(2008) 2.40

It is greater than the ideal ratio in all the three years. But when we compare the three yearsratio we can see that the ratio has decreased in the second year and is same in the third year which

would be a field in look over for the firm.

TURNOVER RATIOS / ACITIVITY RATIO

The way of examining the liquidity is to determine how quickly certain current assets are

converted into cast. The ratios to measure these are referred to as turnover ratios.

Inventory turnover ratio.

This ratio indicates how fast the inventory is sold. The formula used to calculate inventory

turn over ratio is inventory turnover ratio

= sales/ Closing inventory

A high ratio is good from the view point of liquidity and vice versa. A low ratio would signify

that inventory does not sell fast and stays on the shelf or in the warehouse for long time.

When we look at the companys inventory turn over ratio it is good, which tells that the firms

inventory is sold fast. But when we compared the ratios of three years it shows a declining trend,

which is not good for the firm. The firm will have to look over this and try to maintain a good ratio.

DEBTORS TURNOVER RATIO

This ratio measures how rapidly debts are collected. A high ratio is indicative of shorter time

lag between credit sales and cash collection. A low ratio shows that debts are not being collected

rapidly.

Debtors turn over ratio = Total Sales/Closing Debtors

Assets turnover ratio

This ratio is also known as the investment turnover ratio. The higher the turn over ratio the

more efficient is the management and utilization of the assets. While low turn over ratios is indicativeof under utilization of available resources and presence of idle capacity. In operational terms, it

implies that the firm can expand its activity level without requiring additional capital investments. In

the case of high ratios, the form would normally be required, other things being equal, to make

additional capital investments to operate at higher level of activity.

Total assets turn over ratio = Sales/Total Assets

Fixed assets turnover ratio = Sales/Net fixed assets

Working capital turnover ratio = Sales/Working capital


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Current assets turnover ratio = Sales /Current assets

When we look at the firms assets turnover ratios on the where it is very good.

This technique is most widely used in the practice for forecasting .It is a statistical method.With its help a trend line is fitted to the data. This line is known as the line of best fit. By

extrapolating the trend line for future we can get the corresponding figures of forecasted sales. In this

analysis there is only one independent variable i.e. time (t). this system of forecasting is considered

native because it does not explain the reason for the changes; it merely states the data and its

changes are function, of time only.

Linear trend;

The method of least squares may be used either to fit a straight line trend or a nonlinear trend.The straight line trend may be represented by the equation

Sales = a + b (year number)

I.e. S = a + b (t)

Where a and b are the constants representing the intercept and slpe respectively of the

estimated straight line. In order to determine the values of a and b, the following two normal

equations need to be solved.

S=Na + b T

S T = a T + b T 2

Where N represents the number of years (months etc.)

For which data is available

SALES FORCAST OF BCM FOR 2008-2009

On time series basis

Year Sales ( in Rs) T T 2 St2005-06 1,95,42,081.00 1 1 1,95,42,081.002006-07 3,13,21,229.00 2 4 6,26,42,458.002007-08 2,79,94,205.00 3 9 8,39,82,615.00

S= 78857515 t=6 t2=14 St=166167154.00

It is assumed that the present trend is to continue in future.

Set of normal equations


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1. s = na + b t

2. st = a t + b t2

Sub situating the respective values in the normal equations

s = na + b t

i.e, 78857515 = 3a + 6b (1)

st = na + b t2

i.e. 166167154.00 = 6a + 14b (2)

multiplying equation (1) by (2) and subtracting from equation

(2) we get

78857515 = 3a + 6b X (2)

166167154 = 6a + 14b X (1)

157715030 = 6a + 12b

166167154 = 6a + 14b

-8452124 = -2b

b = 8452124 = 42260622

Substituting the value of b in equation (1) we get

s = Na + b t

78857515 = 3a + 4226062 X 6

78857515 = 3a + 25356372

3a = 78857515 25356372

3a = 53501143

a = 53501143 = 17833714.333

The trend equation is

S = a + b (t)

S = 17833714.3 + 4226062 (4)

=17833714.3 + 16904248


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S(2009) = 34737962.3

The sales for the year 2008 09 is forecasted to be Rs. 34737962.30

PROFIT ANALYSIS OF BCM

Year 2005-06 2006-07 2007-08 2008-09

Sales (in Rs) 19542081.00 31321229.00 27994205.00 34737962.00

Profit (in Rs) 354351.00 17362552.00 879125.00 6723450.00

Table showing sales and profit of last three years.

0

5000000

10000000

15000000

20000000

25000000

30000000

35000000

2005-06 2006-07 2007-08 2008-09

PROFIT FORECAST OF BCM FOR 2008-2009

On time series basis


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It is assumed that the present trend continues in the future.

Year Profit (in Rs) T T2 Pt

2005-06 354351.00 1 1 354351.00

2006-07 17362552.00 2 4 34725104.002007-08 879125.00 3 9 2637375.00

P=18596028 t=6 t2=14 Pt=37716830.0

Set of normal equation

3. p = an + b t

4. Pt= a t + b t2

Substituting the respective values in the normal equations

18596028.00 = 3a + 6a (1)

37716830.00 = 6a + 14b (2)

Multiplying equation (1) by (2) and subtracting from equation

(2) we get

18596028 = 3a + 6b X (2)

137716830 = 6a + 14b X (1)

37192056 = 6a + 12b

37716830 = 6a + 14b

-524774 = -2b

b = 524774 = 262387

2

Substituting the value of b in equation (1) we get

18596028 = 3a + 262387 X 6

18596028 = 3a + 1574322

3a = 18596028 1574322

3a = 17021706

a = 17021706 = 56739023


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The trend equation is

P = a + b (t)

P = 5673902 + 262387 (4)

= 7673902 + 1049548

The Profit for the year 2008 09 is forecasted to be Rs. 672345 0.0

Profit

0

2000000

4000000

6000000

8000000

10000000

12000000

14000000

16000000

18000000

20000000

2005-06 2006-07 2007-08 2008-09

East

The step rise in the profit from 354351.00(2005-06) to 17362552 i.e 2006-07 is according to

management .due to the sharp decrease in the price of raw materials. Again the sharp decline in profit

in the year 2004-05 ( Rs .879125.00) is due to sudden rise in the price of raw material

About Entrepreneur


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Hard worker

Rational thinker

Motivator

Team leader

Good Planner

Risk Bearer

Organizer

Controller

Good Directing

Mr. Shaker Bahety is a owner of the Bahety Chemicals and Minerals Pvt Ltd Dandeli.

. As per as my knowledge concern he is a very youngest entrepreneur in India.

ORGANISATION STRUCTURE


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CHAIRMAN

MANAGING DIRECTOR

PURCHASE DEPT Manager

LABORATORY DEPT Laboratory In- Charge

PRODUCTION DEPT Manager

PERSONNEL DEPT Manager

SALES DEPT Manager

VISION :

To fulfill the growing demand of Alum and increasing the production

MISSION :

1. To provide employment

2. Quality product

3. Maximum satisfaction to customers

4. To ensure enterprise growth

5. To create clean and healthy environment

6. To develop the establishing the organization in the city .


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Part-3

BACKGROUND OF LABOUR WELFARE


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Human resource development is an organization, functions to improve the attitude and

cultural changes of employee to meet productivity requirements towards meeting the customer

satisfaction.Over past decades the business scenario has changed as compared to a decade back due to

customers requirements are totally getting different. Customers want changes and improvement very

fast for which any organization should be ready for the survival in todays tough customer changing

needs from time to time in todays business scenario employees are also considered as stakeholders

liked others shareholders, customers and society.

HISTORY OF LABOUR IN INDIA:

Before studying the welfare facilities it is necessary to study the retrospect of the period of 1914-

1981 of the established and India became a International labour Welfare (ILO) was established and

India became a of it. The ILO was interested in protecting the workers against exploitation by the

employer and in improving the welfare programs after independence the government of India began

to take various measures including passing of progressive legislations such as the India factories act

1948, ESI act, the EPF that deals in improving the welfare facilities of the workers by the employers.

In 1959 a study team of labour welfare was appointer. The scheme in the fourth 5 year plan would be

based on it; it divided labour welfare amenities into 3groups.

Facilities that can be provided inside the industry,

Facilities to be provided outside the industry, and

o Social security.

MEANING OF LABOUR WELFARE:

According to the Oxford dictionary labour welfare or employee welfare means, the efforts to

make life worth living for workmen

Labour welfare means anything done for the comfort and improvement intellectual or social of the

employee over and above wages paid which is not a necessity of the industry.

FEATURES OF THE EMPLOYEE WELFARE:


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Employee welfare is a comprehensive term including various service, facilities and amenities

provided to employees for their betterment.

Welfare measures may be provided not only by the employers but also by the other government

agencies too.To basis purpose of employee welfare is to improve the lot of the working class and there by

make workers a good employee a happy citizen.

Labor welfare is an essential part of social welfare it involves:

Welfare measures may be both voluntary and statutory.

Welfare measures are in addition to regular waged and other economic benefits availableprovisions and collective bargaining.

OBJECTIVES OF LABOUR WELFARE:

It helps to improve recruitment as the job becomes more attractive more efficient.

Labour welfare improves the moral and loyalty of the workers by making theme happy and

satisfied.

It reduces the labor turnover and absenteeism there by building a suitable work force.

It helps to increase employee productivity or efficiency by improving their physical and mental

and mental health.Improvement in material intellectual and cultural conditions of the life protects workers from

social evils like drinking; Employee welfare helps to improve industrial peace.

Welfare measures helps to improve the goodwill and public image of the enterprise.

Gambling, prostitution etc.

To promote employees welfare by providing welfare measures like:

IMPORTANCE OF LABOUR WELFARE:

Employee or labour welfare is in the interest of the employee, the employee and society as a whole

welfare measures enable the employee and his family to good life. Welfare facilities like housing

medical, childrens education, recreation etc help to improve the family life of employee. Welfare

measures lead to higher morale and productivity of labour.


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TYPES OF LABOUR WELFAREFA CILITIES:

The facilities organized for the welfare of the workers can be divided into 2 types.

Statutory Welfare Facilities:Statutory welfare facilities are those, which are obligatory on the part of the employee

essential conditions of work life hygiene, rest room, washing facilities, canteen etc.

Non- Statutory Welfare Facilities: Non- Statutory welfare facilities are those, which are under taken by employer for their

interest, besides the employer government agencies and the private welfare organizations can

undertake these welfare facilities. These facilities include creation, housing and education facilities.

FACILITIESAREPROVIDED BYBCM

CANTEEN FACILITY:

The canteen is managed by the BCM Pvt Ltd Dandeli, Employees and co-operative

society and engages 50 workers and 4 supervisory Staff; canteen vendors go to the

various departments, with tea at fixed time to serve the tea to the workers on the basis

of the token system.

The token are provided on 5 days of every month (i.e.26 to 30) tea is provided to

every worker every morning, afternoon, evening and last in mid night, apart from this

facilities sweets are given to workers are in 15days. Every morning workers are given

various type of breakfast at different days like kachoories, idly, Wada, rice plates,

bakery items etc, workers are provided with one separate dining hall to have their

food comfortably.

Separate lockers are provided to every tea vendors to maintain their equipment

properly. The monthly expenditure for the raw-materials is about Rs. 5 lakh. The

monthly token issued to the workers is about Rs. 2,25,000/-. The company is

incurring nearly 60 lakh losses every year on canteen.


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EDUCATIONAL FACILITY:

Dandeli education society sponsored by BCM Pvt Ltd is looking after the educational

activities for the benefits of employees children and others. It runs one primaryschool and a composite junior college and a degree college is also run by the

organization.

Further the company also involves itself in the development and betterment of the

other educational institutions functioning in Dandeli directly or indirectly.

MEDICAL FACILITY:

The organization has a dispensary within the premises. This hospital with 40 beds has

a modern facility of X-rays, ECG and ultrasound sonography scanning machine.

Qualified and well-experienced doctors manage this hospital. In that hospital

specialized consultation facilities are also made available periodically free camps are

also conducted.

Cases that cannot be treated at this hospital are referred to KMC Hubli, KLE hospital

Belgaum, etc. Employees and their family members can make use of this facility.

TRANSPORIATION FACILITY:

The company is providing with transportation facilities to the top graded officers. It

runs as OMNI bus for the benefit of the employees and their family members to visit

near by cities like Hubli, Dharwad, and Belgaum and Karwar. At very nominal

charges are collected from the employees, in addition to this bu s.

SPORTS AND CULTURAL ACTIVITIES:

The activities of sports, games and cultural etc are being looked after by the sports,

and welfare committee. Employees and their family members are encouraged to play

various games like cricket, Volleyball etc. The company also gives liberal financial

assistance to voluntary organizations whenever they are organizing tournaments in

college ground. Facilities for playing games like table tennis, carom, chess etc are provided to workers at free of cost.

They also have employees club where the workers are provided with various

magazines and newspapers of different languages. A well-staffed committee manages Bangurnagar

club. Membership is restricted only to staff members,, monthly nominal membership is collected.


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COMMUNITY WELFARE ACIIVITIES:

The management is taking almost care to help the family member to involve

themselves in the community development activities specially to improve their owntalents and skill thus to help family members to learn some vocational courses which

may help them to earn addition income for their own family. The management

formed a Mahila Mandel and opened 4 welfare centers with adequate facilities to

impact Training in tailoring, embroidery, crafts etc. The sitting capacity of this

auditorium is 100

CO-OPERATIVE SOCIETY:

The CMP Pvt Ltd employees co-operative society is considered to be one of the best

societies in the region. There are nearly 1500 members in the society. The society has

provided long-term, medium term and short-term loan facilities to its members .

COMPANYS OWN SOCIAL SECURITY SCHEME:

Benevolent fund scheme apart from statutory social scheme like employees state

insurance scheme, provided fund etc the management has also introduced a

benevolent fund scheme in 1964. it is a contributory scheme all employees aremember of this scheme. Under this scheme the department of all employees is

member of this scheme. Under this scheme the dependent of workers gets a lump sum

amount of Rs. 25,000 in case of death of employee.

OTHER FACILITIES:

BONUS:

The management is providing bonus to its workers and festival allowance .

GYM (akhada):

The workers are providing with the well-furnished gym hall where the interested

workers can participate, the management is also conducting tournaments every year.


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TRAINING PROGRAM :

In order to improve the performance of the employee the management is conducting

various training program both for staff members and workers, where they areintroduced to the new technology, and about there working conditions.

EMERGENCY:

The company has well equipment to face the emergency.

LIBRARY FACILITY:

In the premises the company has a library where we can find books on different and

of different language.

WASHING FACILITY:

The management has provided adequate and suitable washing facility in canteen and

other working places to the workers.

FACILITY FOR SITING:

The management has provided to each department. And first aid training is also

conducted in WCPM.

OTHERS:

Uniform,

Incentives,Sports and Games,

Recreational facility,

Medical Reimbursement, and

Personal Protective Equipments .

The workers who have to work outside they will be provided with:

Umbrella once in 2years,

Raincoat once in 3 years, and

Pair of rubber shoes once in every year.

MAIN OBJECTIVES OF THE STUDY IS:

To know the welfare facilities provided in the Bahety chemical & minerals pvt Ltd .


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THE OTHER OBJECTIVES OF THE STUDY ARE:

& To study the attitude of the workers towards the facilities provided,

& To find out the extent to which the workers are making use of them,

& To evaluate the workers satisfaction with the existing welfare facilities,

& To find out the extent to which the workers are meeting the legal requirement and to what

extent the management is providing a psychological satisfactory work environment.

RESEARCH METHODOLIGY:

The term research methodology denotes the techniques and methods that are adopted for

undertaking any research study. The instrument used was self structured questionnaire, and some

interviews were conducted with employees.Sample Size: 20.

METHOD OF STUDY:

After the general observation of personnel department the topic chosen was welfare facilities

provided to the workers. The primary data was collected from labour welfare officer. The main

objective is to study what all facilities the company is providing to the workers and workers opinion

towards these facilities. Secondary data was collected from annual reports of the company.

COVERAGE OF THE STUDY:The present study was restricted to only one industry named , Bahety chemical & minerals

pvt Ltd Dandeli . The included permanent workers, contract workers and staff members.

SOURCE OF RESEARCH DATA:

There are mainly two through which the data required for the research is collected.

PRIMARY DATA:

Primary data are the data collected to solve problem at hand

In this study through paper the primary data is collected from welfare officer and from

workers. The information was collected through structured questionnaire and some interviews were

conducted.

SECONDARY DATA:

Secondary data are data that were developed for some purpose other than helping to solve the

problems at hand. In this study secondary data was collected through the annual report and through

interest


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Percentage

90%

10%

0%10%20%30%40%50%60%70%80%90%

100%

Yes No

Percentage


CANTEEN FACILITY:1. Use of the facility:

PercentageYes 90%

No 10%

Interpretation

90% of people Respondents are making use of the canteen facility.

10% of the respondents are not making use of the canteen facility.


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Percentage

88%

10%

0%10%20%30%40%

50%60%70%80%90%

100%

Yes No

Percentage


2. Food stuff on subsidized rates :

PercentageYes 88%

No 10%

Interpretation

88% people say that food items are reasonable.

12% of the respondents says that rate of food items arenot reasonable .

3. NEED OF WORKERS :

PercentageYes 72%

No 28%


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Percentage

72%

28%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Yes No

Percentage

Percentage

56%

44%

0%

10%

20%

30%

40%

50%

60%

Yes No

Percentage


4.

Interpretation

72% of the respondents say that canteen is sufficiently furnished

28% of the respondents say

That canteen is sufficiently not furnished,

5. Opinion towards canteen facility :

PercentageYes 56%

No 44%


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Interpretation

56% of the respondents are satisfied with the canteen facility provided by the management,

44% of the respondents are not satisfied with the canteen facility provided by the

management,

6. Opinion about housing facility

Percentage


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Percentage

84%

16%

0%10%20%30%40%50%60%70%80%90%

(a) Yes (i) No

Percentage


Yes 84% No 16%

Interpretation

84% of the respondents are satisfied with housing facility

16% of the respondents are not satisfied with housing facility,


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Percentage

90%

10%

0%10%20%30%40%50%60%70%80%90%

100%

Yes No

Percentage


7. EDUCATION FACILITY :

PercentageYes 90%

No 10%

Interpretation

90% of the respondents are using educational facility provided by the company, 10% of the respondents are not using educational facility provided by the company


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Percentage

90%

10%

0%10%

20%30%40%50%60%70%80%90%

100%

Yes No

Percentage


8. Opinion about educational facility

Percentage

Yes 90% No 10%

Interpretation

90% of the respondents are satisfied with education facility, 10% of the respondents are not satisfied with education facility ,


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Percentage

90%

10%

0%10%20%30%40%50%60%70%80%90%

100%

Yes No

Percentage


EDICAL FACIITY :

9. Opinion about the respondents

PercentageYes 90%

No 10%

Interpretation

Here 90% of the respondents are satisfied with the medical facilities provided by the

management,

10% of the respondents are not satisfied with the medical facilities provided by the

management,


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Percentage

75%

25%

0%

10%

20%

30%

40%50%

60%

70%

80%

Yes No

Percentage


TRANSPOTATION FACILITY:

10. Opinion about transportation facility

PercentageYes 75%

No 25%

Interpretation

75% of the respondents are satisfied with the present transportation facilities,

25% of the respondents are not satisfied with the present transportation facilities


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Part-4


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SCOPE:

The study helped me to gain the practical knowledge of working of an organization.

I got the knowledge of how Management activities are varying from theoretical aspects.

I got the experience the working of each department in practice and its effectiveness in an

organization.

Through This particular study I have learn lot of things like:

1. Time management.

2. Risk bearing.

3. Attitude of the worker towards the top-level management .

MAIN OBJECTIVES OF THE STUDY IS:


THE OTHER OBJECTIVES OF THE STUDY ARE:

& To study the attitude of the workers towards the facilities provided,

& To find out the extent to which the workers are making use of them,

& To evaluate the workers satisfaction with the existing welfare facilities,

& To find out the extent to which the workers are meeting the legal requirement and to what

extent the management is providing a psychological satisfactory work environment .

RESEARCH METHODOLIGY:

The term research methodology denotes the techniques and methods that are adopted for undertaking any research study. The instrument used was self structured questionnaire, and some

interviews were conducted with employees.

Sample Size: 20.

METHOD OF STUDY:

After the general observation of personnel department the topic chosen was welfare facilities provided

to the workers. The primary data was collected from labor welfare officer. The main objective is to study what


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all facilities the company is providing to the workers and workers opinion towards these facilities.

Secondary data was collected from annual reports of the company.

COVERAGE OF THE STUDY:

The present study was restricted to only one industry named , Bahety chemical & minerals

pvt Ltd Dandeli . The included permanent workers, contract workers and staff members.

SOURCE OF RESEARCH DATA:

There are mainly two through which the data required for the research is collected .

PRIMARY DATA:

Primary data are the data collected to solve problem at hand

In this study through paper the primary data is collected from welfare officer and from

workers. The information was collected through structured questionnaire and some interviews were

conducted.

SECONDARY DATA:

Secondary data are data that were developed for some purpose other than helping to solve the

problems at hand.


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Part-5


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FINDINGS:

1. & Through the research it was found that 90% of the respondents are using2. Canteen facility However only 56& of the respondents who are using3. The facility are satisfied with the same,

4. & 86% of the respondents are provided with the housing facility and remaining is5. Provided with the housing allowance,

6. & 38% of the respondents are not satisfied with the present medical facility,

7. & 75% of the respondents are making of the transportation facility and 52% are8. Satisfied with the same,

9. & 85% of the respondents said that the educational facility provided by the10. Management is quite good.

PERSONAL OBSERVATIONS:

Most of the workers are satisfied with the housing allowances,( which are Rs.160 per month) at

present. There is lack of communication between Top level management and workers.

The imitations of the study are:

& The Company will have some confidential matter, which cannot be discussed,

& The interview of the workers is done randomly,

& Most of the time the workers will not give their right opinion,

& Time is not sufficient to the organization implementation of facilities in company


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CONCLUSION

1. On the whole, the financial position of the company is very good. However ,there are some

areas which require immediate attention.

2. At present the company is not facing much competition. Hence there is an sample amount of

opportunity for growth.

3. In the matter of production, the firm has told good performance .the is also planning for

expansion, and diversification by launching a new product i.e. crystal alum.

4. In the matters of HRM the company has good practices .There are some areas which heed to

provide some more employee welfare facilities to increase the morale of the employees.

5. On the whole, the company is moving forward with excellent management.


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SUGGESTIONS

On the basis of the outcome of in plant training the sincere effort is being made

to offer some suggestions to the firm.

They are as follows:

1. The Company must try to communicate their problem with its customers .So as

to get solved the problem of delaying payments.

2. The company must try to maintain more funds in order to overcome the

problem of delaying payments .

3. The company can directly approach the new customers by representing sales

representatives, to increase sales, as well as the no. of customers .

4. Steps should be taken to improve the physical environment such as light

ventilation etc.,

5. Scientific approach should be given importance in some aspects like

recruitment, selection, placement, training etc.,

6. The company should give more encouragement to increase the workers

creativity and efficiency and also some more degree of freedom should be given to

workers to take their own decision at work.


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PROBLEM IDENTIFICATION

1.During the in-plant training in BCM Pvt Ltd it was observed that the raw materials for

the company are bought from far off places. The company is bought from far off places.

The company is based on chemicals such as alumina and euphoric acid. The non-

availability of these resources in local places increases the cost of transportation. This

leads to high cost of production.

2.Unusual rise in price of raw materials

3.The company is also facing the problem of delay of payments from its customers.

4. Some time labors are not working seriously ,


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QUESTIONNAIRE:

As a part my academic am doing my in plant training on the topic Welfare facilities, so I

kindly request to fill up this questionnaire.

Name :

Designation :

Duration of service :

A. Canteen facility :

1) Do you make use of the canteen facility ?

Yes No

2) Dose the canteen provide foodstuff on subsidized tats?

Yes No

3) Is it sufficient furnished to cater the need of the workers?Yes No

4) What is your opinion towards facilities of the canteen?

Yes No

B. Housing facility:

5) Dose the management provide any housing facility?

Yes No

6) (If no) dose it give any housing allowance?

Yes No

7) What is your opinion about housing facility?

Yes No


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C. Education facility :

8) Dose the company any educational facility ?

Yes No

9) In what way the company is helping to educate the illiterate workers ?

.........................................................................................................

..........................................................................................................

10) What is your opinion about educational facility provided by the management?

Satisfied Not satisfied

D. Medical facility :

11) Is there a dispensary run bys the management?

Yes No

12) Is there a provision for the medical examination?

Yes No

13) (If yes) how often is it run ?

1. Yearly 2. Half Yearly 3. Quarterly

14) Do you think the medical facility and service are adequate ?

Yes No

E. Transportation facility;

15) Dose the management provides any transportation facility?

Yes No

16) Do you use the transportation facility ?


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Yes No

17) What is your opinion about this facility ?

Satisfied Not satisfied

Thanking You


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BIBLIOGRAPHY

1. Human Resources Management - Dr. C. G. Gupta

2. Human Resources Management -Subbarao

3. Companys memorandum and articles of association

4. Company journal & magazine.

5. www.bcm.com


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a project report on to study the welfare facilities provided in the bahety chemical & minerals pvt...

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