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Prragathi Steel Casting Pvt. Ltd.,

CHAPTER-1

RESEARCH DESIGN

1.1 GENERAL INTRODUCTION

Organization is the process of identifying and grouping the work to be performed

and establishing relationship for the purpose of enabling people to work most

efficiently together in accomplishing objective.

Organization should function effectively so that it can produce quality goods and

services at reasonable cost without compromising on profit making and

satisfying their diverse stakeholders. The members of the organization must

behave in certain ways so that the organization achieves its goal.

Organizational study of the PSP! is performed to identify the marketing

strategy" administration and relationship of the workers efficiency. The

organization study is carried through professional and scientific enquiries. #t

gives the history" achievements and milestones of the company along with

complete overview of financial position of PSP!. #n the study we have

identified methods and needs to know the organizational structure. $nd also

strength" weakness" opportunity" threats are highlighted. That Prragathi steel

casting private limited needs some more improvement in this technology and

e%pand that production capacity and it should be minimize the cost of production

and ma%imize more profit.

#t is great opportunity for me to carry on the corporate learning and e%posure at&Prragathi steel casting private limited" Shivamogga for the fulfillment of '($

degree. This project includes the )organization study*.

Institute of Management Studies & Research




1.2 Objectives of the St!"

• To know the production process.

• To get the practical knowledge about the company.

• To know the strength" weakness" opportunities and threats of the company.

• To know the +,S '-#/S/0 model of the company.

1.# Sco$e of the St!"

The study is e%clusively conducted to gather all information about Prragathi

Steel asting Private !imited. 'achenahalli" shimogga. #t focused on the various

departments like finance" marketing" human resources" purchase and other

departments of PSP!. The study is completed in the period of 12th august to 13th

September 4514.

1.% Rese&'ch (etho!o)o*"

The data has been collected from primary and secondary data.

P'i+&'" D&t&

This is first hand information. The primary data collected from discussion with

the different departmental managers and through observation and also collected

information through interview with employees.

Seco,!&'" D&t&

#t is already collected information. The secondary data has been collected from

various sources are" company websites" referred book.

1. Li+it&tio,s of the St!"

The study is limited for the period of one month.

The study is limited only to organization study.

CHAPTER-2

INDUSTR PRO/ILE

2.1 Ge,e'&) I,t'o!ctio,





#ndia ranks second in the world based on the number of foundry units present

67885 units9 : $fter hina ; and fourth in terms of total production 6+.3 million

Tones9 674ndof <orld asting Production ; 455+9. $part from the registered

7885 units there are several unregistered units" which according to varioussources range appro%imately from 1855 to 8555 units. $s per the #=/>$##

=eport 4557" there are around 15"555 foundry units present in #ndia including

registered and unregistered units. onsidering that 7885 units are registered" the

total number of units unregistered is around 8785 units. $s per estimation of

e%perts of the foundry sector" there are around 1855 unregistered foundry units

that are scattered across the country. This discrepancy in unregistered units is

mainly due to the fact that the 8785 units included all kinds of micro and small

units engaged in castings. <hereas the 1855 units data incorporates only those

foundry units that are engaged in grey iron casting and use conventional cupola

and e%cludes those units that are too micro in nature and use crucible for melting

of metals. $lso several foundry units had closed due to non compliance with the

pollution standard set by the government for e%ample ?owrah" $gra and nearby

areas. The foundry produces a wide variety of castings such as manhole covers"

pipe and pipe fittings" sanitary items" tube well body" metric weights" automobile

components" railway parts" electric motor" fan body etc. @5A of the castings

produced are from the SS# sector. 'ost of these units are situated in clusters"

with cluster size ranging from 25:855 units. The break:up of production of

different varieties of castings is as followsB

2.2. Histo'" of C&sti,*s

The origin of castings goes back to over 8555 (. $fter Paleolithic age"

eolithic age" which where both stone age. !ater come the age of metals" the use

of metal the origin of castings goes back to over 8555 (. $fter Paleolithic age"

eolithic age" which where both stone age. !aer comes the age of metals" the use





of metal weapons and instruments instead of stone. The first was the copper

age .then come the #ron $ge after few centuries. Then come the alloy of copper

and tin. These were observed in all the upcoming civilization like /gyptian"

$ryan" (abylonian civilization. /ven the gold and silver instruments were castedand used in those days. 'etals art in #ndia goes back to antiquity. The earliest

bronzes have been found at 'ohanjadoro and ?arappa casting of 'etals

particularly bronze for producing objects and artistic and utilitarian values are

made in seen in Sindhu civilization. They use crude and refined copper" low and

high tin bronze and copper sonic alloy for casting. asting is a vital component

of more modern machine and transportation vehicles. The need for casting has

become more important with growth of industrial societies.

ast metal parts are used for more than @5A of an automobile engine and for

more than 85A of the total weight of a tractor.

• $ir craft jet engine bladder

• 'achine tool structure

• =ailway crossings

• Pump" filter and valve

Crom the above application" it is evident that without casting it is unlikely to

bring an e%istence the most of the products today.

'an has been making casting metal object for artistic and practical purpose since

very early time civilization the shaping of metals in the liquid state or molten

state has been developed for countries.

2.# O'i*i, of C&sti,*

$ casting is the essential foundation of civilization. <ith it" man unlocked his

future" placing him on the path toward conquering his environment. ?istory tells

us this happened 'esopotamia" today,s modern #raq.





The oldest casting in e%istence today is believed to be a frog" cast in copper. The

frog,s comple%ity indicates that in was preceded by other simpler casting efforts.

Things went show back then came around in the 1D th century" but man used

earth,s ores 7855 years prior to this.

The hinese got the nod iron casting in brass 1555 (. #ndia made steel in

about 855 (. . civilization in general was casting brass by then"6brassEcopper

zinc9" which was many centuries before the hristian era. $ll along this path all

the techniques for )$ST#F $> 'OG!>#F P=OF=/SS/S* were being

discovered and recorded in to history.

2.% (e&,i,* of C&sti,*

asting is the process of giving shape to the products" casting is the process of

the melting metal and pouring its material in liquid form into a mould on a

platform into a deserved shape the metal is allowed to cool and solidified .the

Solidified metal is called the &casting, usually castings are manufactured in a

commercial setup called &foundry,.

2. P'ese,t St&ts of the I,!st'"

#ndian foundries are primarily owned which e%plains lost of small units

estimated that around more than 15"555 foundries e%ist all over the #ndia within

on output appro%imately 2million tons per annum of which 4.2Dtons are grey

iron" 5.57 million tons of steel "5.4D3 million tons of SF iron and malleable iron

casting.

The industry was clocking an annual growth of 11 percent in #ndia while the

global foundry output &is leveling off,. The #ndian foundry industry occupies a

special place in shaping the country,s economy. #ndia is currently among the 15

largest producers of ferrous and non:ferrous castings and has over D855





foundries in the small" medium" and large:scale sectors. $ppro%imately @5A are

in the small scale. #ndia e%ports annually above =s. +55 crores worth of castings

to countries worth of castings to countries like GS$" G.-." anada" Fermany

etc.

This foundry has grown in volume over several decades of is poised to grown

further in future. One of the peculiar feature of this industry is that total

production is contributed by a number of medium and large scale in it,s from the

original sector and thousands of small scale units from the unorganized sector.

$n individual foundry e%isting now can produce right from 45tpm to 1555tpm

with a set of about =s .45 lakhs to =s 155 crores. One could just imagine the vast

difference in the size between the units of the same industry in terms of

investments and outputs. This draw a wide line between the units in all respects

through both belongs to the same industry. The product range of these

industries covers ordinary low grade casting to highly integrated higher grade "

castings with vast different in terms of technology methods " pricing etc."this

gives a good beverages to the buyer to producer casting as their convenient cost

and quality from both the sources.

The e%port of casting from #ndia amounted to one percent of the world

requirement. #n the near future " there ample scope for the #ndian foundry

industry to forge strategic alliances with their counterparts on the developed

countries " which are on the verge of closure primarily due to three major

reasons .waste disposal and highly stringent pollution control regulation " high

labor cost and acute shortage of the trained personnel to work in foundries. This

is where #ndian foundries can make their presence felt in the international market

by approaching foreign foundries to source casting from #ndia at more

economical prices and thus enhance their market share. #n order to do these #ndia

foundries have to equip themselves with the latest technologies such as

automation" casting simulation" etc. #ndian foundry industries cannot afford to





ignore implementation of compliances. The industries also have to strive to

adopt eco: friendly technologies.

The manufacture of metal products has seen a shift from the <est to the

countries like hina" -oria" (razil" and Taiwan" which have garnered major

share" and #ndia has to fight it out to grab its part. The increasing cost faced by

the automobile and other industries in the <est and the emergence of

competitive" skilled foundries in the developing countries have led to this shift.

The #ndian foundry sector would have the opportunity to address the needs of the

auto component industry with a staggering market size HD85 billion: H+55

billion.

#t is imperative that the #ndian foundry industry benchmarks itself against the

best in class practices" identifies the gaps" and initiates corrective measures to

emerge as one of the best in the foundry sector globally.

The #ndian economy is doing well with the increased demand from sectors like

$utomobile" /arth 'oving /quipments" Tractor and Carm 'achinery" >iesel

/nginesI Fenerators and Feneral /ngineering. ?ence" the demand for castingssuppliers has increased multi fold domestically also.

2.0 T"$es of /o,!'ies

>epending upon the type of end users" the wide variety of molding or the

casting process can be basically divided into: ommercial foundry and ?obby

foundry.

2. Co++e'ci&) /o,!'ies

?ere the production activity is on a large scale and in abidance to the

international standards of manufacturing practice. This type of foundry offers

semi:finished or fully finished products like =ailroad /quipment" 'achine





2.15 I,!i&, /&+os /o,!'ies &'e

T#SO at Jamshedpur

'G-$> at Pune

S=# =$'$-=#S?$ ST//! #>GST=0 at oimbatore

K.#.S.!. at (hadravathi $$=$ ST//! !#'#T/> at 'angalore

#SP$T KF#/ at (ombay

The e%port of casting from #ndia amounted to one percent of the world

requirement. #n the near future " there ample scope for the #ndian foundry

industry to forge strategic alliances with their counterparts on the developed

countries " which are on the verge of closure primarily due to three major

reasons .waste disposal and highly stringent pollution control regulation " high

labor cost and acute shortage of the trained personnel to work in foundries. This

is where #ndian foundries can make their presence felt in the international market

by approaching foreign foundries to source casting from #ndia at more

economical prices and thus enhance their market share. #n order to do these #ndia

foundries have to equip themselves with the latest technologies such as

automation" casting simulation" etc. #ndian foundry industries cannot afford to

ignore environmental implications" which will also become stringent in terms of

implementation of compliances. The industries also have to strive to adopt eco:

friendly technologies.

2.11 THE INDUSTR HA6ING ITS O7N RE8UIRE(ENTS TO

9E /UL/ILLED AS /OLLO7ES

GSTO'/=S ::: LG$!#T0 >/!#K/=0 $> P=#/

C#$#$! #ST#TGT#O ::: =/>#T <O=T?#/SS"

#ST#TGT#OS F=O<T? $> P=OC#T$(#!#T0.

SGPP!#/=S ::: P$0'/T $> F=O<T?





#K/STO=S ::: >#K#>/T $> F=O<T?

$G>#TO=S ::: O'P!#$/

/'P!O0//S ::: S$!$=0" G!TG=/" JO( S$T#SC$T#O"

F=O<T?" SO#$! =/SPOS#(#!#T0"

SO#/T0 ::: SO#$! =/SPOS#(#!#T0.

>#ST=#(GT#O $F/TS ::: '$=F#" F=O<T?" #'$F/S.

O!!$(O=$T#OS ::: !O0$!T0" =O0$!T0" F=O<T?"

$!!#$/.

F=O<T?.

CHAPTER-#

CO(PAN PRO/ILE

#.1 I,t'o!ctio,

Prragathi Steel asting Private !imited 6PSP!9" is a modern steel foundry

geared to manufacture quality rough casting of carbon steel" alloy steel" stainless

steel and nickel based alloy castings.

The company is situated at Shimogga:(hadravathi #ndustrial $rea" 'achenahalli"

which are 4D5 kms from (angalore and @ kms from (hadravathi a <ell:-nown

steel city. The unit is located on 4 acres plot.

Prragathi Steel asting Private !imited ompany" set up during the year 1@3+"registered under the companies act 1@8D and under the name )SGP=$

T/?#$! S/=K#/S P=#K$T/ !#'#T/>*. ertificate of incorporation

was changed consequent on change of name )SGP=$ $!!O0S $> $!!#/>

P=O>GTS P=#K$T/ !#'#T/>* in 1@@D" to )P==$F$T?# $!!O0 $T/





!#'#T/>* in 4555. Then again its changes its name )P==$F$T?# ST//!

$ST#FS P=#K$T/ !#'#T/>* in 4557" certified is issued pursuant to

section42 619 of the said act.

Co+$&," P'ofi)e

Co+$&,":s /)) N&+e ; Prragathi Steel asting Private !imited.

Est&b)ishe! ; 1@3+

Loc&tio, B Shimogga: (hadravathi -#$>( industrial

area" 'achenahalli" Shimogga" -arnataka"

#ndia.

Ce'tifie! ; #SO @554 ompany

7eb &!!'ess B www.google.com

P'o!cts ; Steel casting" mainly manufacturing

carbon steel" alloy steel" stainless steel and

nickel based alloy casting.

I,st&))e! C&$&cit" ; 185 metric tons per month

#.2 O'*&,i<&tio, P'io'ities

• 'anufacture and supply products as per customer,s requirements.

• On time supply of products" each time and every time.

• ommitment to honor the responsibilities.

• =educe rejections of products by customer" on continual basis.

• ontinuously upgrade the technology and facility.

• ontinual improvement in organizational activities.

#.# 7o'= Ethics

• 'anufacture and supply of quality products

• ustomer satisfaction

• Team work





#.% 6&)es

• 'eeting the requirements of customers" every time

• ompetitive price to keep an edge over other suppliers

#. (issio, St&te+e,t

• To achieve sales turnover of two hundred million rupees by the year 4512.

• To reduce customer end rejection to 1 A by the year 4512.

• #t is our mission to be one among the top steel foundries in #ndia.

• <e understand and anticipate our customer,s needs" we know that our

customer deserves the best of products and services and it is our sacred

promise to give it to him.

• <e encourage our people to be curious" to come up with bold and e%citing

ideas. <e admire audacious based on logic" to beat competition.

• <e owe it to the society in which run our business to be good corporate

citizens.

• <e shall pursue e%cellence through innovation and continuous

improvement in our products M process. #n this endeavor team work

dedication M integrity shall be our guiding values.

#.0 6isio, St&te+e,t<e /ndeavour to become <ell:-nown foundry for manufacture of high quality

castings through performance e%cellence.

• PSP! shall be committed provide products for complete satisfaction of

the customers at competitive prices

• PSP! shall foster a culture of blending trust and continuous learning

while meeting e%pectation of employees

#. 8&)it" Po)ic" of the Co+$&,"

The purpose of our quality policy of PSP! is to ensure the manufacture and

supply products of high quality to the complete satisfaction of each and every





customer and there by achieve leadership in market as a reputed and reliable

supplier.

• To develop a culture of continual improvement in quality" delivery"

service" cost and technology with total team involvement

• To ensure due care regarding product safety and minimize the potential

risks to employees

• Train and motivate employees for continuous improvement of quality

•

Gpdate the systems to suit the challenging needs of the customers as wellas technology challenges

• To provide products to complete satisfaction of the customers by meeting

their requirements at comparative prices.

#. The (&i, P'o!cts of I,!st'"

Prragathi Steel asting Private !imited is familiar for producing various types of

materials that is

• (all valves

• Fate valves

• Flobe valves

• Swing check valves

• Strainer valve component

• ?ydraulic components

• Corklift components

•

Pump components• $utomobile components

• 'otor drive components





The company has developed e%pertise in making quality casting in all grades of

alloy steel like S+55" #S 4+5+. < D" < @" stainless steel like cf:3m 6SS 21D9"

cf:36SS 2579. n:+m 6alloy 459" cf:2 6Ss 25719" cf:2m 6SS 12D19" carbon steel

like cw:14mw" n:14mv" #nconel D48 6cw Dmv9 #nconsl D5560 759 etc. the major part of company,s product range consists of valve components up to @555 class.

#.4 Co+$etito':s I,fo'+&tio,

There are potential competitors for this company inside -arnataka. ?owever

major competitors do e%ist outside the state. They are as followsB

• 'alnad alloy casting Pvt. !td.: 'achenahalli

• $mbarams asting Pvt. !td.: Shimogga

• (umika asting Pvt. !td.: Shimogga

'ajor competitors outside the state" are as followsB

• P- Steel. Pvt. !td.: Fujarat

• Juysunce Steel. Pvt. !td. : 'aharastra.

#.15 I,f'&st'ct'&) /&ci)ities

Prragathi Steel astings Pvts !td. ?as e%tensive infrastructural facilities as stated

underB

Loc&tio,; The plant is located on 'achenahalli" industrial area" Shimogga. This

is just @ km from (hadravathi a well:known steel city.

L&,!; The total e%tent of land available is 4 acres. The land is well. >eveloped

and suitable for industrial activity.

9i)!i,*; the company has constructed a building suitable to its requirements.

There are various sections foundry" standard control room" etc.

7&te'; PSP!" gets its water supply from -#$>( and as well as a bore:well.





Cor the well being of their employees in their work area they have lot of safety

measures in place. The factory has ample lighting and ventilation. They have

specifically paid a lot of attention to easy disposal of fumes and dust. They have

>eveloped an effective system to control and prevent noise pollution that e%ists

in this type of industry.

CHAPTER-%

ANALSIS O/ (c>INSE:S :S (ODEL AND /UNCTIONAL

DEPART(ENTS





%.1 INTRODUCTION

The 'c-insey +S Cramework is a management model developed by well:known

business consultants =obert ?. <aterman" Jr. and Tom Peters 6who also

developed the '(<$ N'anagement by <alking $roundN motif" and authored #n

Search of /%cellence9 in the 1@35s. This was a strategic vision for groups" to

include businesses" business" and teams. The +S are structure" strategy" systems"

skills" style" staff and shared values. The model is most often used as a tool to

assess and monitor changes in the internal situation of an organization.

The model is based on the theory that" for an organization to perform well" these

seven elements need to be aligned and mutually reinforcing. So" the model can beused to help identify what needs to be realigned to improve performance" or to

maintain alignment 6and performance9 during other types of change.

<hatever the type of change ; restructuring" new processes" organizational

merger" new systems" change of leadership" and so on ; the model can be used to

understand how the organizational elements are interrelated" " and so ensure that

the wider impact of changes made in one area is taken into consideration.

%.2 St'ct'e





The way the organizations units relate to each otherB centralized" functional

divisions 6top:down9 decentralized 6the trend in large organizations9 matri%

network" holding etc

The design of organization structure is a critical task of the top management of

organizational" organizational structure refers to the organizational arrangement

and relationship. #t prescribes the formal relationship among various position and

activities. #n PSP! the structure is very fle%ible enough to maintain the e%ternal

environment as well as internal also" the PSP! is having lengthy structure of the

organization" his helps the organization to function smoothly. ?ere e%ecutive

director holds the authority of managing the entire internal and e%ternalenvironment activities.

PSCPL PRESENT ORGANISATION CHART


Supervisor chemistQA in

ADMINISR

!"

AsMan




%.2.1 P'o!ctio, De$&'t+e,t

St'ct'e of P'o!ctio, De$&'t+e,t


Supervisor DimensionalTech,ic&)

!i'ecto'

Asst

general

manager

Six Sigma co-I/ Six Sigma development

"echniciaMaint# In charge%OD-mechanical

(lectroniMaint# In charge%OD-electrical

%OD Supervi$

I

C

%

C

A

I

R

M

A

N

Supervisor%OD-

Q-A#I/ Machine shop

Director

operatio

ns !

strategi

c

*enera

l

Manag

HOD

+&chi,e

sho$

Supervi

sor

In charge development-

Dispatch%OD-

planning !

(ngineer Dep

Mar+eting

&urchase

Stores in

Asst

general(xecuti

ve

directo

I/ Supplier

&RO

Accountant

,inance in charge

Administrator asst,inance

director

"O

(D& in




Production department performs the function of producing finished goods from

the basic raw materials. The manufacturing is headed by a group head whose

main objective is to plan" e%ecute" co:ordinate and control all production

activities with available resources" inputs" equipment" and facilities.

The (&i, /,ctio,s of this De$&'t+e,t &'e &s fo))o?s@

• Order and purchase the raw materials at right time.

• Procure the raw materials.

• Store the raw materials which are purchased.


(ANAGING DIRECTOR

EECUTI6E O//ICER

DIRECTOR

BOPERATION AND STRATEGIC

HEAD O/ PRODUCTION

Shift s$e'viso' Shift s$e'viso' seco,!Shift s$e'viso' fi'st

Co,t'&ct

e+$)o"ee

Co+$&,"

e+$)o"ee

Co+$&,"

e+$)o"ee

Co,t'&ct

e+$)o"ee

Co+$&,"

e+$)o"ee

Co,t'&ct

e+$)o"ee




• Produce the finished goods from the raw materials.

P'o!ct

ompany manufactures: $73+" <(" C3'" $18" C3" C15" C2" C2'">KP!/" S+55" #S#525 grades.

8&)it" Ass'&,ce

The company is adopting quality control measures during the selection purchase

of raw materials and also during the process of production. $ sample of raw

material is checked for quality and other chemical components are certified.

#t has set up the latest spectros !$( for online analysis of chemistry. GT' of

(rinnelsI =ockwell hardness testing equipments forss mechanical tests to ensure

that every casting complies with the highest standards in terms of design of

quality. #n addition to this the casting may be non:destructive tested to ensure

that castings are produced to the required quality levels as specified by customers

or as per the product requirement. The tests includes radiography" >ye penetrate

testing" ultrasonic testing and magnetic particle testing.

Prragathi Steel asting Private !td" quality management systems are #SO @554

certified by =<TGK Fermany. #ts quality system has undergone a specific audit

in accordance with directive @+I42I/ for pressure equipments resulting in

approval by P/>" 6Pressure equipment directive9.

%.2.2 H+&, Reso'ce De$&'t+e,t

St'ct'e of H+&, Reso'ce De$&'t+e,t


9OARD O/ DIRECTORS

CHAIR(AN

6ICE CHAIR(AN




The term human resources can be thought of as the total knowledge" skills"

creative" abilities and aptitudes of an organizations workforce as well as the

values" attitudes and beliefs of the individuals involved. The term human

resources can also be e%plained in the sense that it a resources like any naturalresources. #t does mean that the management can get and use the skill"

knowledge" ability etc" through the development of skills" tapping and utilizing

them again and again by developing a positive attitude among employees.

The human resources department is one of the important functional departments

in every organization. Only with the help of this department the organization can

make efficient use of the available work force" for providing the desired product

to the customer with desired quality and reasonable prices at the right time.

The main functions of personnel department are as followsB

• Training and upgrade skill sets of its employees.

• Performance appraisal and reward system.

• 'anage and full fill e%pectations

• Safety of the employees

• $ttract and retain talent

A,,&) P)&,,i,*

There must be an approved annual ?= plan. /ach department has to prepare man

power plan based on the following factors.


DIRECTOR H R AND AD(IN

H R

O//ICER

H R

O//ICER

H R

O//ICER




• (usiness development

• ritical evaluation and systematic review of business plan and production

targets

• =etirements

• Promotions

9!*ets

The objective is to plan and allocate financial resources with respect to man

power planning and human resources development activates scheduled for the

financial year. (efore the commencement of every financial year budget

allocations will be made to cover recruitment" training" personnel andadministration e%penses. This will cover all projected activities of ?=

department.

Rec'it+e,t So'ces

The company considers both internal and e%ternal sources for recruitment

internal sources include the employees who are already on the payroll. <henever

any vacancy occurs" somebody within the organization with necessary

qualification is promoted to the job.

/%ternal sources are decided by ?= >epartmentI >irector ?= according to

needs.

Types of e%ternal sources company had

A!ve'tise+e,t

Fiving advertisements in state and local newspapers

E!c&tio,&) I,stittio,s





ampus recruitment may be considered at approved technical and management

institutes. $ list of approved institutes will be maintained by ?= department.

I!e,tifie! Ete',&) A*e,c"

?= department can identify and maintain list of e%ternal agencies though

agencies though which recruitment needs can be sourced.

D&t& 9&,=

$ll unsolications or applications received through references will be maintained

in a data bank.

Rec'it+e,t &,! Se)ectio,

#t is the process of searching for prospective employees and stimulating them to

apply for jobs in the organizations

=equest for sanction of manpower. /ither new or replacement will be made

through employee staff by the head of the department or in charge. This has to bemade in advance of at least D5 days prior to recruitment. Once the requisition is

received from the department had" the director in charge of ?= will in

consultation with department headI managing director grant the approval and

then forward it to ?= department. The ?= department starts recruitment process

only on receipt of employee,s requisition.

#n order to ensure that the right type of persons are available to the concerned in

the right number at the right place the following steps are taken.

The candidates, application form will be thoroughly scrutinized by the manager

which helps in knowing the candidates educational qualification" e%perience"

skills processed by the candidates.





The intention of selection process is to choose the candidate who is best suitable

for a particular job. #t is one of the most crucial activities that affect the

organizational efficiency in the long run.

The Se)ectio, P'oce!'e /o))o?e! b" the Co+$&," is &s fo))o?s


I,!ctio,

Sc'ee,i,* of A$$)ic&tio,s

C&)) Lette'

I,te'vie?s

Ph"sic&) E&+i,&tio,

P)&ce+e,t




Nee! /o' HR De$&'t+e,t &t PSCPL

?= department is needed to maintain the ?uman =esources in the organization.

To analyze the need for newIadditional human resources regularly and procures

them" based on the requirement the ?= department is needed.

T'&i,i,* &,! Deve)o$+e,t

The company gives on the job and off the job training. On the job and off the job

methods of training are as follows

O, the 3ob

Job rotation

• Training through step by step• Job instruction

• oaching

Off the 3ob

• !ecture method

S&fet" of the E+$)o"ees

• Safety uniform will be every employees" uniform will be given once in a

year

• Safety shoes will be given to every employee

• Safety plastic hats to be given to be every employee

• Safety has ample lighting and ventilation





• #t gives lot of attention especially to easy disposal of fumes and dust

A$$'&is&) S"ste+

Prragathi Steel asting PKT. !td. would like to promote a work culture that isstrongly performance driven. To this end it would like to encourage participation

of all employees and their supervisors. #t also provides e%ecutives of Prragathi

with a shared appraisal framework enabling them to

• 'easure and evaluate objective individual performance

•

Provide an opportunity for promoting an atmosphere of trust and openness• >evelop employees in their present job

• Set individual performance targets in line with organizational goals

• >evelop employees with potential to tasks on higher responsibilities

I,c'e+e,ts &,! P'o+otio,s

The company believes in growth of their employees. #n this respect the

employees will be encouraged to grow to higher level in the company with their

commitment to work" loyal to the company" overall performance" conduct and

sincerity.





%.2.# (&'=eti,* De$&'t+e,t

St'ct'e of (&'=eti,* De$&'t+e,t

'arketing department co:ordinates the activities of pricing" promotion and

distribution of goods and services to satisfy customers and achieve organizational

objectives


(&,&*i,* Di'ecto'

Ge,e'&) (&,&*e'

Se,io' (&,&*e'

(&,&*e'

(&'=eti,* Assist&,ts




The marketing department performs marketing activity by supplying the products

to the customers within the mentioned time and the products are transferred to

the domestic customers.

The main functions of marketing department are as follows.

• 'arketing department receives the customer,s order.

• 'arketing department has to process the order according to customer,s

requirements.

• 'arketing department conduct the research for knowing the customer

satisfaction and dissatisfaction about the product once in a year.

• 'arketing department maintain the database of the customer.

•'arketing department handles the customer,s complaints.

Csto+e's of Co+$&," i,si!e the >&',&t&=&

• 'IS $utomotive $%les !td." 'ysore

• 'IS (harath /arth 'overs !td." 'ysore

• 'IS Kolvo #ndia Pvt !T>." (angalore

• 'IS <ipro infrastructure engineering" (angalore

• 'IS ?awa Kalves ; ?ubli

• 'IS Kingnyan industries ; Tarikere

Csto+e's of the Co+$&," otsi!e >&',&t&=&

• 'IS F?$TF/ P$T#! #>GST=#/S !TP. -O!?$PG=

• 'IS /SO=TS !T> ; C$=#>$($>

• 'IS K#=FO /F#//=S ; PG/

• 'IS $T/=P#!!O= #>#$ PKT !T>." T#=GK$!!G=

• 'IS $G>O #>#$ !T>." -$?//PG=$'

Co+$&," Csto+e's

The company gets order directly from its customers and it directly delivers its

finished products to its customers.





P&c=&*i,*

Packaging is not done for rough casting if there is a nice machine casting then packaging is normally done.

?andling of customer complaintsB

• The managing directors receive complaints from the customer.

• ' > forwards the complaints to quality control to test.

• (ased on the result of the test" the complaints are bifurcated as casual and

genuine complaints.• $ll genuine and casual complaints are investigated to take the corrective

action.

• =ecorder records the corrective action to be taken.

• Cor this all these customers, complaints" acknowledgement is sent to the

customers.

Rese&'ch

The company conducts research every year to know the customer satisfaction or

dissatisfaction. The marketing department prepares some questions according to

their quality of service and products. The department will send a questionnaire to

the customer to know the performance of company. This questionnaire sent

through the e:mail. ?igher the grade given by the customer will indicate the

better performance of the company. These measures will help in improving of the

company performance. This research was done only on those customers who

purchased more products.

%.2.% /i,&,ci&) De$&'t+e,t





St'ct'e of /i,&,ci&) De$&'t+e,t

Cinance is an art and science of managing money" finance is very much important

for any industry. <e can say that finance is the life blood of any industries. This

fund comes from a variety of sources to industry through the investors or

shareholders. These funds are committed to a number of uses in production of a

product or service.

The (&i, /,ctio,s of /i,&,ce De$&'t+e,t &'e &s fo))o?s


(ANAGING

DIRECTOR

DIRECTOR /INANCE

/INANCE IN-CHARGE

Office' Office'Office'




• 'aking payments to the suppliers

• 'aking payments as a salary to employees

• onducting meeting to know the e%penses of the organization

• Preparing financial report of the organization

•

?elping in taking financial decision.• Systematic book keeping is done by financial department

• 'aintaining the rules and regulation according to the companies act of

1@8D

Acco,ti,* P'oce!'e

$ccounting is the process of recording" classifying" summarizing" interpreting

and communicating the financial transactions of a firm. #t gives a clear

identification about industrial transactions.

The company follows cash and credit basis of accounting to its income and

e%penditures. The income of the company is from sale of their products castings.

The major e%penditure is power charges" manufacturing e%penses" wages" raw

materials" administrative and marketing e%penses.

Collowing are the records of books maintained by Prragathi Steel asting Private

!imited.

Sbsi!i&'" 9oo=

#n subsidiary books" various business transaction as and when they take place are

recorded.

This register is maintained to keep track of the material in warded to enable

effect of payment on the due dates on the basis of credit terms. #mmediately after

accepting the material by store and counter signed by the quality assurance

department" the necessary entries are made in the register.

Csto+e' Rejectio, Re*iste'





This register is maintained to keep track of customer rejection of castings.

#mmediately after receipt of rejected castings" the F= is made in the computer

and the computer list is enclosed with the F= to make entries in the customer

rejection register" where in the details of rejection" invoice number" grade" qualityof weight" value" e%cise duty sales ta% etc are made.

C&sh 9oo=

ash book maintained for recording all receipts to cash and payments of cash in

the industry. ash book is a part of ledger" the main entries of this cash book is

record of cash received and cash payment. #t verifies the correctness of cash is

hand and bank.

3o',&) 9oo=

Journal book is a daily record of each industrial transaction. This journal book is

also called a day book and this book is used for recording all day to day

transaction in the order in which they occur.

S&)es Re*iste'

Sales register is maintained to keep track of the sales made each and individual

customer wise and the detail of invoice number and date and value maintained in

the sales register.

P'ch&se Re*iste'

Purchase register is maintained to keep track of the purchase made each and

individual,s customer wise and the detail of invoice number and date and value

maintained in the purchase register.

9oo= of Acco,t





Training plays a very important role in the ever:changing business world.

Training is specific to impart for a particular purpose.

Skills include the distinctive competencies that reside in the organization. These

can be distinctive competencies of people" management practices" systems and

technology.

T'&i,i,*

Prragathi steel casting pvt ltd" being an old company with the history is set to

develop a fully fledged training department. The training to an employee skill be

of 2 types.

• On the job training by concerned supervision

• lass room training by ?=> department

• PSP! has identified various skills required for different jobs.

• PSP! provides technical and process: based training.

• To provide training for personnel in any new or modified job affecting

product" quality" including contract or agency personnel.

A,&)"sis of S=i))s

$ skill is the ability" knowledge" understanding and judgment to accomplish a

task. Skill may be defined as what the company does best the distinctive

capabilities and competencies that reside in their organization.

The organization selects and assigns personnel performing work affecting

product quality based on appropriate education skills and e%perience. The

organization has also a system to assess the competence of its personnel on

periodic basis 6performance appraisal and development report9 to identify gap in

the performance" if any as well as assessing their training needs to bring the gap.

%.% St")e





>ecision making is the process of choosing the best from among the alternative

solutions under a given set of circumstances.

PSP! also follows a participative style. The personnel at different levels

participate in solving any problem in the company. The company believes in

participate style aimed at completion of work within time and to provide

workable environment to the workers. The company is following participative

style in day: to day operations such asB

• Production of different verities of products

• To suggest improvement and new useful ideas

• To keep co:ordination among the staff at various levels

• #n overall achievement of the company objectives• To maintain discipline

%. St'&te*"

Strategy is about setting corporate goals" defining steps needed to achieve these

goals followed by systematic action and allocation of resources to achieve

corporate goals.

Prragathi Steel asting Private !imited is aiming at gaining a substantial

advantage over competitors through its quality products with reasonable price to

price their products reasonably. They should minimize the cost as much as

possible" one way of doing this by waste elimination.

The St'&te*" Re*&'!i,* 7&ste E)i+i,&tio, is 6e'" si+$)e the" &'e@

•

=ight person for the right job• /nsuring that the quality of raw materials purchased is good

• This could be done well in advance of starting the production activity

• Gsing the good quality of raw materials" it produces good quality products

without any damages and cracks in the castings.





• The best way to minimize cost is by best productivity thus reducing

wastage

• One more strategy regarding waste elimination is by carrying out the

production activity according to the procedure and under the supervision

of the supervisors.

%.0 St&ff

The company has defined responsibilities and authorities in order to facilitate

effective implementation of quality management and these are communicated to

relevant persons in organization.

Res$o,sibi)it" &,! Atho'it" fo' He&! of Pe'so,,e)

Res$o,sibi)it"

• >eveloping training objectives for the organization in line with the

company,s policy and business plans

• 'anagement review meeting

• Overall responsibility for all personnel and industrial relations functions

• o:ordination with e%ternal training agencies for training programs

Atho'it"

• Overall control of recruitment and development of personal at all levels in

the organization

• Planning" scheduling and arranging training for all levels and maintaining

relevant training records• Periodic review of effectiveness of training and initiating necessary

actions

• !iaison with government agencies to ensure compliance with statutory

requirements





%. Sh&'e! 6&)e

Shared values include the core values" which are the essential guiding principles"

doctrines and core purpose" which encompass the company,s business goals how

it strives to achieve and the values it will uphold in determining corporate

destiny.

• Prragathi quality policy is that it gives satisfaction to each and every

customer

• Prragathi provides a safe work environment

• Prragathi delivers goods quality of finished goods to their customers

CHAPTER-

S7OT ANALSIS

Prragathi steel casting private limited has the following Strengths" <eakness"

Opportunities and Threats.

.1 St'e,*ths

• The company has good manpower

• The company has a good cordinal relationship with the workers

• #t is #SO @554 certified company

• The company has good staff and workers

• 0early the company provides a good quality casting and satisfying their

customer needs

• The good infrastructure

• The company has taken learning from the Japan

• #t produces quality casting as per the customer requirement





• This covers the loose patterns and match plated patterns of all customers

to all grades

• ontinual improvements in the environmental occupational health and

safety performance

.2 7e&=,ess

• There is no canteen facility in inside the industry

• There is no infrastructural facility for workers in bus stop to company

• =etention of best talent leading to turnover of employees

• on availability of raw material viz. wood

.# O$$o't,ities

• The company has a good demand for casting

• The company has more opportunities to enter into a foreign market. (y

maintaining good quality of product

• There are skilled labors available to company for producing quality goods

efficiently

• The company has well plant layout to e%pansion of business• $vailability of skilled workers

.% Th'e&ts

• =aising cost of raw materials could affect marketing advantage that the

company possesses now

• /%pansive transportation cost

•

Strength environmental pollution restriction on the polluting industries• Technological industry among foundries





CHAPTER-0

/INDING SUGGESTIONS AND CONCLUSION

0.1 /i,!i,*s

• The financial position of the company is very good and it is running in

profit

• The fame of company is spread to all over #ndia. So customer knows this

through media other than personal contact.• Transaction of the company is dealt with the customer.

• Luality and price of the company protectors satisfactory

• PSP! having good relationship with the suppliers" and customers

• Through many customers are purchasing steel casting from other

companies also but the quality of Prragathi Steel asting Pvt !td" is

superior

• The company is giving good customer service so as to enable the

customer is purchasing the steel casting• The company come in to in 1@3+ from itself the company has many

customer and the rate of customer is increasing day by day.

0.2 S**estio,s





• #mprove good commission to the traders for further increase of sales

• #mprove the technology for the sake of growth in production

• ustomer service on delivery should be improved so that the supply of

product customer must be masses in the correct and at the needed time

• There must be proper utilization of installed capacity it helps to increased

profit

• The credit facility has to be given to the customers with less interest

charged is need

• Transportation facility should be provided to the employees

• The company should try to capture the new market and try to get more

orders from the customer

• The company mainly need have canteen facility in factory premises





0.# Co,c)sio,

The study has revealed that PSP! is a growing company. 'y stay at PSP!

was indeed very beneficial to me as it was more of learning than just working. #

got very good co:operation from all the employees at PSP! company during

my organizational study.

#t gave me a chance to know about the different departments within it. #t was a

wonderful e%perience to interact with the people from various departments which

are definitely going to help me a lot in my upcoming future.

/very organization makes sure that its employees are satisfied and are happy

working in the organization. /very working person e%pects some benefits from

its organization apart from the basic salary paid to him for his work. $n

employee tends to be more satisfied from the additional benefits that he obtains

from the organization. PSP! is one of those organizations who provide good

benefits to its employees and they are satisfied in the organization.

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