unitedtech [p] ltd

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INTRODUCTION Training is the art of increasing the knowledge and skill of an employee or individual for doing a particular task in a better way. Training will be viewed as a short term educational process utilizing a planned, systematic and organized procedure by which non-managerial personnel acquire the technical knowledge and skills necessary for increased effectiveness in achieving organizational benefit Accrued as a result of systematic planning of training and development need of the organizations work force. The term of training is education and department but there meaning have important distinctions training is the act increasing the knowledge and skill of employee for doing a particular job. It is concerned with importing specific skills for particular purposes. Normally the personal department of an organization is entrusted with the training and department functions but the existence of this department does not retrieve the managers of training and an education responsibilities personal department cannot do the whole job or even the many jobs. Importance of the Training Inplant Training is important and needed for all management students. As part of their curriculam this training helps us to acquire new knowledge, skills, ability, experience, minute actives about business, ability to face competition, sales and marketing strategies and other important activities. Management activities, earning profits, obtain business secrets the methods of customer and customer approaches. This training is important for them as a part of their curriculum. It is most important in the following ways,: To know basic information to start a business. Know the recent technology for increase the production and quality of the product. Know the status of the company in society.

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Page 1: Unitedtech [p] Ltd

INTRODUCTION

Training is the art of increasing the knowledge and skill of an employee or

individual for doing a particular task in a better way. Training will be viewed as a

short term educational process utilizing a planned, systematic and organized

procedure by which non-managerial personnel acquire the technical knowledge

and skills necessary for increased effectiveness in achieving organizational benefit

Accrued as a result of systematic planning of training and development need of

the organizations work force.

The term of training is education and department but there meaning have

important distinctions training is the act increasing the knowledge and skill of

employee for doing a particular job. It is concerned with importing specific skills

for particular purposes. Normally the personal department of an organization is

entrusted with the training and department functions but the existence of this

department does not retrieve the managers of training and an education

responsibilities personal department cannot do the whole job or even the many

jobs.

Importance of the Training

Inplant Training is important and needed for all management students. As

part of their curriculam this training helps us to acquire new knowledge, skills,

ability, experience, minute actives about business, ability to face competition,

sales and marketing strategies and other important activities. Management

activities, earning profits, obtain business secrets the methods of customer and

customer approaches. This training is important for them as a part of their

curriculum. It is most important in the following ways,:

To know basic information to start a business.

Know the recent technology for increase the production and quality

of the product.

Know the status of the company in society.

Page 2: Unitedtech [p] Ltd

Scope of the Training:

The trainees learn the actual equipments in use and in the true

environment of the job.

The trainees learns rules and regulations, procedures by observing

their day to day operations.

This type of training can increase knowledge with skill in short

period.

Objectives of the Training:

To develop practical knowledge about this company.

To get awareness about the production process, marketing

strategies and financial policies followed in this organisation.

To observe the leadership qualities, group and efforts

undertaken for the successful operation of the concern.

Limitations of the Training:

The time period given for this study is a limited one.

In some departments the workers did not reveal the required

information.

The main objective of training is get firsthand knowledge of the

organization. But the trainees are not permitted to take any

problem for this study.

Page 3: Unitedtech [p] Ltd

INDUSTRY PROFILE:

The automobile industry in India is one of the larger markets in the world

and had previously been one of the fastest growing globally, but is now seeing flat

or negative growth rates. India's passenger car and commercial vehicle

manufacturing industry is the sixth largest in the world, with an annual production

of more than 3.9 million units in 2011. According to recent reports, India overtook

Brazil and became the sixth largest passenger vehicle producer in the

world (beating such old and new auto makers as Belgium, United Kingdom, Italy,

Canada, Mexico, Russia, Spain, France, Brazil), grew 16 to 18 per cent to sell

around three million units in the course of 2011-12. In 2009, India emerged as

Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and

Thailand. In 2010, India beat Thailand to become Asia's third largest exporter of

passenger cars.

As of 2010, India is home to 40 million passenger vehicles. More than 3.7

million automotive vehicles were produced in India in 2010 (an increase of

33.9%), making the country the second (after China) fastest growing automobile

market in the world in that year. According to the Society of Indian Automobile

Manufacturers, annual vehicle sales are projected to increase to 4 million by 2015,

no longer 5 million as previously projected.

“The production of passenger vehicles in India was recorded at 3.23 million in

2012-13 and is expected to grow at a compound annual growth rate (CAGR) of 13

per cent during 2012-2021, as per data published by Automotive Component

Manufacturers Association of India (ACMA)”.

The majority of India's car manufacturing industry is based around three

clusters in the south, west and north. The southern cluster consisting of Chennai is

the biggest with 35% of the revenue share. The western hub

near Mumbai and Pune contributes to 33% of the market and the northern cluster

around the National Capital Region contributes 32%. Chennai, with the India

Training is the act of increasing the knowledge and skill of an employee for doing

a particular job. Training is the important process of improving knowledge and

Page 4: Unitedtech [p] Ltd

skill. It is the learning process, which could improve the current performance.

Training should be differentiated from education and development. The

institutional training is an important part of the course curriculum.

In the present scenario of intense competition, management education is

very important one. Information knows about the management functions and a

minute activity through the proper training is very essential. Through this training

the students can develop their knowledge, skills and ability with the practical

exposure in the corporate sector.

Each and every student will be able to understand about the Production,

Marketing, Sales and Financial management activities. By these activities they

may think about the new approaches in developing the business in the current

business scenario. It helps the students for knowing and understanding about the

business tactics, approaches and how to face the intense competition which is

present in the prevailing environment

Through this training, practical and technical knowledge of the students

are improved. It helps to increase the self-confidence of the students and it also

help for getting the employment opportunities. The purpose of training is basically

a bridge to the gap between job and job requirement and present competence of an

employee

The term of training is education and department but there meaning have

important distinctions training is the act increasing the knowledge and skill of

employee for doing a particular job. It is concerned with importing specific skills

for particular purposes. Normally the personal department of an organization is

entrusted with the training and department functions but the existence of this

department does not retrieve the managers of training and an education

responsibilities personal department cannot do the whole job or even the many

jobs.

Page 5: Unitedtech [p] Ltd

INDIAN SCENARIO

Indian automobile industry has grown leaps and bounds since

1898, a time when a car had touched the Indian streets for the first time. At

present it holds a promising tenth position in the entire world with being number

two in two wheelers and fourth in commercial vehicles. With standing a growth

rate of 18% per annum and an annual production of more than 2million units, it

may not be an exaggeration to say that this industry in the coming years will soon

touch a figure of 10 million units per year. Besides a steady growth in India's

fiscal system, the expansion of Indian middle class has also played a major role in

drawing the attention of international auto manufacturers towards the Indian

Automobile Market. Forever, India is one nation which provides skilled

workforce at cut-throat prices making itself a preferable manufacturing centre.

The magnetism of the Indian markets and the decline of global auto industries

such as Japan, Europe and US have triggered the influx of new conglomerates

along with huge capital investments in the sector.

AUTOMOTIVE PARTS AND IMPORTANCE

Automotive sheet metal components and automotive turned

components to our clients based in different parts of the globe. These automotive

sheet metal components and turned components are perfectly designed with high

efficiency to offer complete satisfaction to our automobile industry based clients.

In addition, we are providing our products in compliance with international

standards and clients requirements.

FEATURES

• Durable

• Corrosion resistant

• Dimensionally accurate

• Precision engineered

Page 6: Unitedtech [p] Ltd

PRODUCTS USED IN AUTOMOBILE INDUSTRY

Oil seals

The very vital components of all kinds of bearings, from angular contact

bearings to cylindrical roller bearings are all protected by oil seals, to keep their

precisely constructed assemblies safe and reliable at all times – in even some of

the harshest applications.In addition to actually closing the spaces and gaps in

various machines, tools, and vehicles, grease seals also provide critical protection

against harmful contamination. With the help of oil seals, what needs to stay in

the machine (such as lubrication) does so, and what needs to stay out of the

machine (dirt, debris, and other contaminants) is kept away from its hardworking

and often-delicate parts and components.Simultaneously and specifically in the

case of machine tools and machine components, grease and oil seals do much

more than prevent the ingress of abrasives, moisture, and contaminants. They also

ensure that various liquids do not mix together, such as oil based lubricants and

water.

There are many grease oil seal designs engineered specifically to meet the

needs of various industries. While it might seem like “a seal’s a seal” the actual

design, materials, and configuration used can make a significant difference in

certain applications. For example, some seal types are engineered to eliminate

torque and friction, this enables the seal to move with the bearings and the other

machine components while simultaneously protecting against contamination.

Other seal varieties are engineered with greater efficiency in mind. Regardless of

the requirement, the industrial world has come up with a number of designs and

concepts to deliver the performance needed for virtually every application. Some

of these seal types include:

• Light duty deals

• Heavy duty seals

• O-ring seals

• V-seals

Page 7: Unitedtech [p] Ltd

Metal bracket

Metal bracket for automotive applications including cars, trucks and other

vehicle parts. View the variety of metal parts contained in our Automotive

Bracket section. Whether you are looking for mounting brackets or custom

automotive components SRP has the capabilities to fulfill your requirements.

Check our automotive bracket categories and if you do not see a part that meets

your needs use the ProQuote design system to create the exact part that you need.

The Automotive Brackets that used will provide several

specifications to meet the requirements from the clients. The Brackets are made

using high quality materials and so are durable. Our Automotive Brackets are easy

to install and require minimal maintenance. These products are available to clients

at market leading prices.

Metal stamping

Metal stamping is used in several applications, whether to produce parts

for the automobile industry or to make instruments for the medical field. Medical

stamping companies produce these instruments using a variety of metals such as

tantalum, stainless steel, nitinol and solid or clad precious metals as well as

titanium. These can be produced to extremely tight tolerances and specifications,

which is often a requirement when it comes to medical applications.

Not only is stamping used to create the instruments themselves, but it is

also used to permanently press designs and markings on the surfaces of the

materials by use of extreme pressure, dies, and forms. Most medical stamping

companies offer operations including multi slide stampings, eyelet stampings,

deepdrawn stampings, transfer press stampings and progressive die stampings.

Custom stampings are usually an option as well. Some of the instruments that can

be made by these processes are medical delivery systems, stent markers, hearing

aid micro-laminates, and biopsy jaws. These usually require micro stampings with

complex shapes and intricate geometries at tolerances of +/- .0001”. There is no

room for error in these scenarios and creative solutions are often involved when

working with exotic alloys like titanium and tantalum for implantable devices.We

see metal stampings all around us everyday whether we realize it or not. From the

Page 8: Unitedtech [p] Ltd

jewelry we wear on our bodies, to the instruments that are used to operate on our

bodies, metal stampings are every where. Obviously, there are different standards

and requirements for this vast method and medical stamping companies rely

heavily on talented engineers and tool and die makers in order to produce high

quality precision stampings for the most demanding requirements.The unique

range of Automotive Brackets that we offer are highly demanded in the market

owing to their exceptional features like dimensional accuracy, rugged construction

and proper fitting. The products in this range include Fender Brackets, Clutch

Lever Brackets, Seat Belt Brackets and many others. These products are

manufactured in compliance with the global standards of quality and tested on

various strict parameters so as to ensure their defect-free nature..

A Flange

A flange is usually in the shape of a disc and is used to connect two tubes

together or to connect a pipe to a valve, tee, choke or other component. Providing

support and strength, two flanges are typically attached to pipe ends with a gasket

in between.

Types of flanges

Slip-On or Hubbed Flange: This type of flange, as implied by its name,

has a diameter slightly larger than the pipe so that it can slide over the pipe to fit

snugly. Though they are thinner than most other flanges, they are strong,

dependable, and cost-effective.

Threaded Flange

Similar to the slip-on, this flange slides over the pipe but is popular

because it can be attached without welding since it is designed with tapered

threads to work with pipes that have external threads. Also low cost, it’s great for

small pipes and highly combustible areas where welding is dangerous

Lap Joint or Loose Flange

Used in conjunction with a universal stub end fittings, this flange is

often used to avoid issues that could arise with the alignment of bolt holes. Stub

Page 9: Unitedtech [p] Ltd

End fittings are welded to the pipe, and the lap joint flange is designed to slide

over the pipe and rotate around the stub end. They are commonly used in

applications where the juncture does not come in contact with the fluid or gas

making them reusable, and they are also beneficial in applications keeping down

expenses when exotic metals are used.

Page 10: Unitedtech [p] Ltd

COMPANY PROFILE

United tech is one of the successful automobile industry. This company

was started in the year 1990. The company is now running successfully and gets

regular orders from their customers.

Location of the company

The company is located at SIDCO Industrial Estate, Kappalur. It’s

nearby Madurai.

Timings

The company is functioning in 3 shifts and the timings are as

follows:

Day Shift: From 9a.m. to 3 p.m.

Off night Shift: From 4 p.m. to 12 a.m.

Full night Shift: From 12 a.m. to 8 a.m.

The workers and all other employees of this concern strictly

follow the rules and regulations.

Page 11: Unitedtech [p] Ltd

OUR VISION:

Excellence in all respects

OUR MISSION:

Our mission to realize this vision is:

To provide automobile of international quality at competitive price.

To improve skills of valued employees by imparting training and

including in them a sense of participation.

To achieve maximum indigenization and promote automobile

vending industry.

To make valuable contribution to social development of India

through development of industry in general and automobile

industry in particular.

Page 12: Unitedtech [p] Ltd

SWOT ANALYSIS:

STRENGTHS:

Indian automobile industry is globally cost competitive.

Government support

Indian automobile industry is following global accepted quality measures

at a lower cost. This makes it a perfect destination for production

outsourcing automobiles.

Availability of cheap research and development

WEAKNESS:

The biggest and probably the only weakness of Indian automobile

industry is its slow growth in research and development most companies do not

have adequate spending on R&D in comparison to their turnover. This weakness

will soon become history as Indian companies are catching fact in R&D and are

showing strong signs of success.

OPPORTUNITIES:

India has a large pool of cheap talent which can be utilized in

decreasing the R&D expenses.

India has potential to become manufacturing and export hub with

it cheap labor availability.

THREATS:

Indian markets have always suffered from duplicate products and cheap

counterfeits this puts pressure on original equipment manufacturers to

reduce the prices and compete with cheaper counterfeits.

India shares a border with china which presents it with a unique problem

of cheaper counterfeits in a very huge manner through illegal imports and

dumping.

With liberalization and foreign players entering Indian markets there is

intense pressure on local players to improve and upgrade their products

and if they don’t they might become extinct.

Page 13: Unitedtech [p] Ltd

Certain component imports from FTA regime countries are becoming a

threat existing players.

Page 14: Unitedtech [p] Ltd

ORGANIZATIONAL STRUCTURE

General Manager

BOARD OF DIRECTORS

Purchase

Department Production

Department

Marketing

Department

Human

Resource

Department

Finance Department

Store

Keeper Supervisor

Sales

Executive Labor officer

Accountant

Worker Worker Worker Worker Worker

Page 15: Unitedtech [p] Ltd

FUNCTIONAL DEPARTMENTS

An organizational structure portrays managerial positions and the

prevailing relationship among the employees in an organization. United tech is

having five departments. They are

PRODUCTION DEPARTMENT

PURCHASE DEPARTMENT

FINANCE DEPARTMENT

HUMAN RESOURCE DEPARTMENT

SALES DEPARTMENT

The organizational departments are aimed auto work to their fullest and

provide the maximum output requires improving organizational goal and

objectives. Functional organization has been divided to put the specialists in the

top position throughout the enterprise. This is an organization in which we can

define as a system in which functional department are created to deal with the

problems of business at various levels. Functional authority remains confined to

functional guidance to different departments. This helps in maintaining quality

and uniformity of performance of different functions throughout the enterprise.

Merits of functional organization

1. Specialization- Better division of labour takes place which results in

specialization of function and it’s consequent benefit.

2. Effective Control- Management control is simplified as the mental

functions and are separated from manual functions. Checks and balances

keep the authority within certain limits. Specialists may be asked to judge

the performance of various sections.

Page 16: Unitedtech [p] Ltd

PRODUCTION DEPARTMENT

United tech private ltd has a list of products which is widely used in automobile

industry. They provide variety of flanges and brackets and oil seals used in major

automobile industry. The automobile industries like tata, tvs, and ashok leyland

and hi-tech arai(automotive parts manufacturers). Few important parts produced

are listed below

Automative brackets

This organization is manufacturing manufacturing and supplying superior

quality Automotive Bracket that is heavily appreciated in automobile industry for

its high durability and resistance to heat and shock. It is best suited for protecting

engine from shocks and is precision engineered from finest quality natural rubber

ensuring enhanced functionality of mounting. Clients can avail this range of

Automotive Rubber Bracket at industry leading prices.

Mounting Brackets

Side mounting brackets are strong and durable and include a mounting

plate with one raised contact surface adjoining to at least one part of the slot.

These are manufactured for diverse industrial applications. We offer these side

brackets in custom design as per the client's specification.

Center Stand Brackets

We are one of the prominent manufacturers of Center Stand Bracket. They

are appreciated for durability, precision engineering and ability to withstand

extreme temperature. Available in various shapes and sizes, our range can be

customized as per the requirements of the customers.

Engine Brackets

Our range of engine bright are manufactured using superior grade raw

material to provide optimum performance to the end users. These engine brackets

are available at economical prices and in different dimensions and specifications

as per our esteemed customers. Our product is developed in accordance with

quality standards and can be used in any automobile industry applications.

Page 17: Unitedtech [p] Ltd

The Production and human resources department are managed by an

individual Executive Finance Department is controlled by one executive. Sales

Department is managed by a separate Sales Manager. These three managers are

controlled by the Managing Director.

Product uses

United tech produces eight types of products, they are:

Automotive Brackets

Mounting Brackets

Engine Brackets

Center Stand Brackets

Automotive brackets

Car Fuel-strainer Bracket Product Uses Automotive brackets, Fuel-strainer

bracket. This part is designed out of aluminum.

Hand-brake cable support bracket

Product Uses: This automotive bracket is designed to support a hand-brake

cable for motorcycle or ATV. Aluminum provides good corossion resistance,

improving the life of the cable support part.

Mounting Brackets

Metal bracket for automotive applications including cars, trucks

and other vehicle parts. View the variety of metal parts contained in our

Automotive Bracket section They are:

• HY-50-97 Standard VSM1

• HY-51-97 Standard VSM 1

Most mounts are constructed from rubber and steel, but rubber is

more vulnerable to heat, chemicals, and external contaminants. Over time, the

rubber material degrades, and you will feel vibrations and hear noises coming

from the connection points. Without this part, power from the engine won't be

transferred smoothly to the ground without rattling the chassis to pieces.

Page 18: Unitedtech [p] Ltd

super strong 6061-T6

3/8ths inch drain in the bottom.

Engine brackets

Engine mounts stabilize the engine, but allow it to move in certain

directions as needed (i.e. the engine may move up/down slightly but not side to

side).They are:

• This is a custom rear suspensions pivot mount bracket. It is a U

bracket welded to a plate

• Rear Suspension Pivot drum

• Center Stand Brackets

Center Stand Brackets

Center Stand Brackets engaged in manufacturing and supplying superior

quality Automotive Bracket that is heavily appreciated in automobile industry for

its high durability and resistance to heat & shock. It is best suited for protecting

engine from shocks and is precision engineered from finest quality natural rubber

ensuring enhanced functionality of mounting

GS150 VS4 VS5 Center stand Brackets

Production process

Sheet metal fabrication is a classification of manufacturing processes that

shape a piece of sheet metal into the desired part through material removal and/or

material deformation. Sheet metal, which acts as the work piece in these

processes, is one of the most common forms of raw material stock. The material

thickness that classifies a work piece as sheet metal is not clearly defined.

However, sheet metal is generally considered to be a piece of stock between 0.006

and 0.25 inches thick. A piece of metal much thinner is considered to be "foil" and

any thicker is referred to as a "plate". The thickness of a piece of sheet metal is

often referred to as its gauge, a number typically ranging from 3 to 38. A higher

gauge indicates a thinner piece of sheet metal, with exact dimensions that depend

Page 19: Unitedtech [p] Ltd

on the material. Sheet metal stock is available in a wide variety of materials,

which include the following:

• Aluminum

• Brass

• Bronze

• Copper

• Magnesium

• Nickel

• Stainless Steel

• Tin

• Titanium

• Zinc

Sheet metal can be cut, bent, and stretched into a nearly any shape.

Material removal processes can create holes and cutouts in any 2D geometric

shape. Deformation processes can bend the sheet numerous times to different

angles or stretch the sheet to create complex contours. The size of sheet metal

parts can range from a small washer or bracket, to midsize enclosures for home

appliances, to large airplane wings. These parts are found in a variety of

industries, such as aircraft, automotive, construction, consumer products, HVAC,

and furniture. Sheet metal fabrication processes can mostly be placed into two

categories - forming and cutting. Forming processes are those in which the applied

force causes the material to plastically deform, but not to fail. Such processes are

able to bend or stretch the sheet into the desired shape. Cutting processes are those

in which the applied force causes the material to fail and separate, allowing the

material to be cut or removed. Most cutting processes are performed by applying a

great enough shearing force to separate the material, and are therefore sometimes

referred to as shearing processes. Other cutting processes remove material by

using heat or abrasion, instead of shearing forces.

Page 20: Unitedtech [p] Ltd

Bending

Roll forming

Spinning

Deep Drawing

Stretch forming

Cutting with shear

Shearing

Blanking

Punching

PRODUCT QUALITY

The quality of the five products of United tech is highly

appreciated by the member’s automobile part manufacturers.

The sales tax of the plastics industry is 12%, during May 2000,

now the Government of Tamil Nadu has reduced sales tax to the level of 8%

reduction in the sales tax percentage will automatically increase the profitability

of the company. Government of Tamil Nadu also extends Interest Free Sales Tax

Loans (IFSTL) to plastics industry. SIDCO made arrangements to get interest

free sales tax loans. Government of Tamil Nadu is giving sales tax holidays to the

plastics industry. If the company has any finished product, dispatches the product

immediately to the customer.

In the production process the products are produced with the help

of skilled workers. Workers are provided overtime wages which includes double

the payment of actual wages. The sales value of the United tech is Rs.80 lakhs to

85 lakhs per annum. The gross profit of the United tech is 35% to 42%. The net

profit of the United tech is 2% to 28%.

They affect sales both in local and other states:

• Chennai.

• Madurai

• Kolkata (West Bengal)

Page 21: Unitedtech [p] Ltd

PURCHASE DEPARTMENT

The main function of this department is to purchase the raw

materials. A separate manager is there to look after the purchase department

functions known as purchase manager.

He is technically qualified person he has the ability of testing the

quality of raw materials, which are necessary to the United tech.

The names of raw materials are listed below:

Raw Material Used

CRCA (Cold rolled close annealed)

STEEL CRAVINGS

ALUMINIUM ALLOY

The company purchases the raw materials in terms of tons. The capacity of

one bag is twenty five kilograms of materials. The purchase manage place the

order by considering the Economic Order Quantity (EOQ).

Functions

The primary function of the department is to purchase the raw

materials, useless plastic wastages, machines, chemicals, machine spares,

generator spares, electric goods, packing containers, generals’ spares and tools

and equipments necessary to all departments. A person is to look after all

purchasing. He is a technical qualified person.

The main function of his department is to purchase the raw

materials a separate manager is there to look after the purchase department

functions known as purchase manager. He is a technically qualified person. He

has the ability of testing the quality of raw materials. Which are necessary to the

united tech production.

Page 22: Unitedtech [p] Ltd

Registers Maintained

Purchase Department of United tech maintains the following

registers and records.

Sample Registers

Test Result Registers

Raw Materials In Ward Register

RAW MATERIAL SUPPLIERS

CRCA Cold rolled close

annealed

Madurai

STEEL CRAVINGS Scrap metals Chennai

ALUMINIUM ALLOY Metal sheet roll Chennai

Page 23: Unitedtech [p] Ltd

FINANCE DEPARTMENT

The total amount invested by the Company is Rs. 5 crore out of

which the company allocated 1 crore for fixed capital to buy the fixed assets like

plants and machinery, furniture and fixtures, land & building and the like.

SIDCO offers the facility of giving land and building through loan

facilities. SIDCO has an arrangement to avail the loan for the purchase of land and

building of the United tech is Rs 75 lakhs the value of the generator is Rs 1 lakhs.

Functions

It allocates money for the purchase of fixed assets.

It meets all routine expenses.

Building up reserves for growth and expansion.

Maximizing the profitability by reducing the cost of

production

So, this department conducts researches.

Fixed capital is also used for the following purpose

o Purchase of fixed assets.

o Replacement and renovation of old assets.

o Diversification, expansion and growth.

o Modernization, research and development.

Final Accounts

Final accounts include the profit & loss A/C and balance sheet.

Final accounts are prepared according to the provisions of the companies ACT

1956. The final accounts are prepared at the end of every calendar year and this

shows all financial information about the company in the particular accounting

year.

Page 24: Unitedtech [p] Ltd

Functions of Accounts Department

The following are the main functions of the Accounts Department

with regard to finance.

o Arrangement of finance for working capital.

o Arrangement of finance for long term.

o Getting loan.

o Collection of deposits.

o Creation of changes over fixed assets.

o Payment of loan and bank transaction.

o Preparation of financial statement.

o Correspondence with bank and financial institutions.

Traveling Allowance

This allowance is given only to all department managers. Sales

representatives, electricians, chief mechanical engineer. Sometimes they visit

another concern for business dealing.

The proprietor provides a certain amount of money to meet the

expenses of traveling. In this concern Rs.2 is given for the number of working

days as traveling allowance.

Festival Advance

It is normally paid 30 days before the date of festival. This advance

is recoverable in ten equal installments, once in a calendar year.

This allowance is eligible to any one of the following festivals. It’s

namely:

• Pongal

• Ramzan

• Chitrai

• Onam

Page 25: Unitedtech [p] Ltd

• Diwali

• Christmas

Bonus

Bonus is an extra payment to workers, which stimulates for extra

effort from the workers in addition to their wages, with the aim of establishing a

good relationship, between the worker and proprietor. Bonus is a statutory right of

the workers. The management pays 8.33 of amount for the workers annually.

Eligibility for Getting Bonus

Employee’s salary or wages should not exceed above

Rs2500/- per month.

Employees should have worked in company not less than

300 days in a year.

Non-Financial Welfare Measures

• Hostel facilities

• Hostel facility is also provided to female workers to avoid as

person.

• Safety measures.

The company observed Safety week from 4th March of every year. During

this time they conduct, fire-fighting classes and explain how to use the safety

measures such as fire extinguishers. The workers of generator section are

provided air mob. It reduces the effects of noise.

Disciplinary Actions

If any workers is found to be wrong and misconduct. The

supervisors inform to the Personnel Manager. The personnel manager takes action

against him within 24 hours.

Page 26: Unitedtech [p] Ltd

The punishment may be warning or final warning or fine. In case

of repeated wrongs the manager will give a show cause notice to workers it will

show high wrong activity or misconduct.

Transport

The Unit is situated adjacent to the National High Way N.H.45. Hence it is

well connected by roads and railways. Madurai city is very near and hence raw

materials and consumers can easily move to the factory site.

Page 27: Unitedtech [p] Ltd

HUMAN RESOURCE DEPARTMENT

HUMAN RESOURCE DEPARTMENT is acting as a key department to a

business unit only male members are permanently employed to works in the

United tech. The reason is that the job is very tough in nature. It may be difficult

to the female workers to perform these jobs. They are allowed to work particularly

in packing section only.

The United tech follows shift system in the production. There are

three shifts in united tech. Day shift starts from 8 a.m. to 4 p.m. the second shift

starts from 4 p.m. to 12 a.m. third shift starts from 12 a.m. to 8 a.m. the normal

working hours of employees is eight hours per shift.

The details of works force of united tech is presented in the

following table:

No Designation No Of Persons

1 Manager 5

2 Accountant 2

3 Machine Operator 22

4 Unskilled Workers 69

5 Semiskilled Workers 61

6 Security 3

TOTAL 169

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Facilities for employees

Separate toilet facilities are available for male and female workers.

Sweepers have the responsibility to keep the latrines and urinals clean, sanitary

pans, latrines and urinals are washed throughout once in seven days with suitable

disinfections. Measures are provided to avoid accumulations of dust and fumes.

dust or fumes or impurities which may cause injury to the health of the workers.

Hence they must be prevented by using exhaust measure.

Humidification and ventilation and cool air are necessary in respect

of factories where there is artificial humidification. Water used for artificial

humidification must be clean. Water may or must be taken from public sources or

other sources of drinking water. Ventilation & temperature must be effective and

suitable provisions shall be made in every factory for securing. Sufficient

ventilation by the circulation of fresh air. Such a temperature reasonable for

working and prevents from being injured.

The marketing of leave is compulsory as per the shops and

establishments ACT of 1947 section 16(1) such particular are available in the

attendance register kept by the company. The workers are permitted to go on

leave with wages. There is no pay cut for the leave days. The attendance register

is maintained by Human resource department.

The workers also avail government holidays and local holidays in addition

to the casual leave. May, June, July is season time to the United tech. During this

period the workers are requested to work more than the normal working times.

The company fixes the wages and salary on the basis of experience

of the concerned worker. The company on the basis of the earnings of the worker

for the particular period also gives the bonus. United tech provides training

facilities to the workers not only to improve their efficiency but also to increase

the organizational efficiency. The workers performance is increased. The

production function is going on continuously without interruption the additional

cost of repairs and maintenance of the company comes down.

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When an expense of the company is decreased the profit of the

company is increased to some extent. The United tech does not fix any hard and

fast rules with regard to leave of the workers. The workers are permitted to avail

the leave by giving prior notice orally.

In such a cases the letter “H” is marked against name of the

workers, on the date in which the concerned worker is on leave. The skilled

workers get a salary of Rs.5000/- per month.

Latrines and urinals

Separate latrines and urinals are provided for male and female

workers separately. It is conveniently situated and proper lighting is also

provided. It must be maintained in clean and sweepers shall be employed for

keeping latrines and washing places, clean latrines and urinals accommodations

must be of prescribed sanitary type floors and walls to be closed.

Latrines and urinals are washed thoroughly once in seven days

with suitable disinfectants.

Page 30: Unitedtech [p] Ltd

SALES DEPARTMENT

The main function of the Sales Department is to sell the products

what the Production Department produces. United tech sells its products directly

to the retailers in other cities. This company is also having the practice of selling

its products through dealers in certain areas. At present, the company has twenty

dealers all over Tamil Nadu. This company has its own market within Tamil

Nadu. This company has appointed more number of dealers in Madurai district,

Thirunelveli and Tenkasi areas.

The company has its own sales policy and followed it property, the

company does not have any partiality to the dealers. There is no extra discount

available to the dealers.United tech sells its products on credit basis to the dealers

and on cash basis to retailers. The company has appointed sales representatives to

canvas the orders from the dealers. Whenever the sales representative canvasses

the order, the sales representatives are permitted to collect the amount from the

dealers.The company gets order through telephone also a separate executive is

appointed in this company and designated as sales manager who looks after the

activities of Sales Department. If the dealers give orders through telephone both

sales representatives and sales managers are not eligible to get any commission

from the company.c

United tech keeps finished products. The products are produced

after receiving the orders from dealers and retailers of companies.The production

manager produces the required products with the help of skilled workers only.

During the overtime the workers are paid double the wages of actual wages.

Sales volume of the United tech is 10 to 22 tons per month. The

annual turnover is around 100 tons. This is sales volume made to the dealers. The

sale made in panchayat unions are fulfilled by the United tech sells its products

directly.

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Sales Promotional Activities

Sales promotion is another way of increasing the sales. It

includes all activities which are used for increasing sales. It is a special type of

activity carried on to attract consumers for buying. The sales promotion activities

consist of display, shows, exposition, demonstration and other special efforts such

as.., Bonus, Season tickets, season-discount, free samples etc.., all these are used

to attract consumers and create more sales.

The United tech sells the goods in Tamil Nadu, outside Tamil

Nadu and foreign country. The sales department gives importance to two persons.

They are as follows:

• Wholesalers

• Retailers.

This department sells product on the basis of cash and credit. The spot

payment system is mostly expected by sales manager. But under some extra-

ordinary circumstance the credit sales are allowed, that also with the prior

permission of manager and proprietor.

Banker

The Banker of United tech is state bank of India (SBI) in city of

Madurai.

Training and Development

After the completion of the selection, concerned authorities arrange

for training to the selected candidates. Training is given up to the performance

appraisal and needs specified by concerned department.

Leave Procedure

The concern follows the leave procedures according to rules of

companies ACT 1956. Usually the following leaves are availed by the workers at

the concern.

Page 32: Unitedtech [p] Ltd

CASUAL LEAVE 12 DAYS PER ANNUM

FESTIVAL LEAVE 9 DAYS PER ANNUM

MEDICAL LEAVE NIL

WEEKLY LEAVE ONE DAY

Recruitment

The United tech follows a policy in recruitment. It is selection of

right person for the right job at the right time. The recruitment is done only after

approval of managing director.

In this company there are two types of workers.

• Permanent workers.

• Temporary workers.

Advertisement

This company advertises vacancies, tenders, in leading Newspapers

like DINAMALAR, DAILY THANTHI, etc..,

Brand

Brand is a symbol design or a style of letters used by the company

in order to differentiate them from other competitors. The selected brand should

not resemble with any other existing brands.

So, it’s the responsibility of the company to select a brand with

great care. This company has its own brand. (i.e.) “THAI”.

Infra Structure

The infra structure facilities available in the company are

appreciated by the employees. The smooth performance of the work is based on

the facilities available to the workers of the company are presented below.

Page 33: Unitedtech [p] Ltd

Power

United tech is using electric power to manufacture its products.

The production will be stopped in case of power failure or power cut.

SIDCO established a separate transformer in the industrial estate.

The industrial units which are located within industrial estate are getting regular

power supply. The continuous power supply helps the company to have steady

growth in business.

Drinking Water

Drinking water is necessary to every human being. Naturally

drinking water facilities at the work place ensures workers additional performance

at workplace.

So it’s the duty of the company to give drinking water facility to

the workers. United tech provides sufficient drinking water facilities to the

workers.

Land and Building

Land and building is provided by the SIDCO. It is responsible for

the development of small scale industrial units.

Recently the government of India has collected a statistical data

regarding the small scale industrial units and its going to implement a program to

develop small scale industrial unit. So it’s obvious that the United tech have a

bright future which would be offered by the SIDCO.

Basic Facilities

United tech provides separate toilet facilities for male and female

workers which are situated in the convenient places. Sweepers are employed for

keeping latrines and urinals clean and in sanitary condition. The sanitary pans of

latrines and urinals have been washed once in seven days with suitable

disinfectants.

Page 34: Unitedtech [p] Ltd

Lighting

Lighting is very important in the production place. If not so

efficiency of the workers may reduce. But the United tech has adequate lighting

facility in the production place. Lightings can be divided in to two they are:

• Natural Lighting

• Artificial Lighting

Adequate numbers of windows are affixed in the walls to get natural

lights. Tube lights are also fixed in the place of production as a form of artificial

light to the workers. United tech is very much interested in providing basic

facilities to the workers.

First Aid Box

Workers are working on dangerous machines. And at the same

there is a possibility of accident in the work place. In order to give assistance at

that time the Fist Aid Box is maintained by the United tech as per the laws of

Government.

Subsidy

Subsidy is a kind of motivation given by the government to the

industrial sector. Number of subsidies is provided both by the central government

and state government to the industries. The United tech is also getting subsidy

from the government. The subsidies are listed below:

Power Subsidy

Power is important for the manufacture of products. The power

subsidy is essential one for the small scale industries.

In order to get power subsidy, the concerned company should

forward an application to the government of Tamil Nadu Electricity Board

through SIDCO and DIC within six months from the date of starting business unit.

The plastic industry is eligible to get 10% power subsidy for the first three years

from the date of starting the business unit.

Page 35: Unitedtech [p] Ltd

United tech has completed its formalities to get power subsidy

from the government.

Generator Subsidy

The machines are operated with the help of power. If there is any

interruption in the production process, the quality of the output and quantity of

output will be affected. So, there is a need of continuous power which can be

provided by the generator.

The value of generator is Rs. 1,00,000. There is a subsidy available

to the plastic industries to buy generators. The United tech has also availed for

generator subsidy from the government of Tamil Nadu through the District

Industries Center (DIC).

Interest Free Sales Tax Loan (IFSTL)

Each manufacturing company is liable to pay Sales Tax. Plastics

Company also comes under the category of manufacturing. So the plastics

company should pay sales tax. The percentage of sales tax all over India

uniformly.

This type of actions of government gives more benefits to the

plastics industry. Government of Tamil Nadu gives facility to the plastics industry

to pay sales tax. The rate of interest of loan is zero. United tech also avails the

Interest Free Sales Tax Loans (IFSTL) through District Industries Center (DIC).

Page 36: Unitedtech [p] Ltd

FINDINGS:

The trainee has identified the following problems. Which are faced

by the United tech:

United tech is maintaining books of accounts with certain unqualified

person. There is no qualified person to maintain books of accounts.

Employee is not given proper training

The fire accident safety measures are not provided

The company suffers from shortage of electricity.

SUGGESTIONS:

Only a qualified person with CA qualification can maintain the books of

accounts without errors.

Employees have to be trained to produce the good quality.

The fire accident safety measure has to be provided in the factory in

dangerous area and also to provide emergency exit.

Solar system could be introduced for the entire electrical appliance which

will reduce the consumption of electricity.

Page 37: Unitedtech [p] Ltd

CONCLUSION

The trainee came to know about the several concepts of

business administration, functions of a manager in various situations and

relationship between the employer and employees.

The training period was very useful and beneficial to the

trainee. The trainee has got great experience and acquired knowledge in this

inplant training.

During the training period, Accounts Department helped

the trainee to gain more knowledge.

Through the training the trainee got an overall idea about

what are the functions of company management in administration activities under

various laws. Such as Company Law, Mercantile Law, Etc..,

Page 38: Unitedtech [p] Ltd

BIBLIOGRAPHY:

Web site:

www.google.com

www.wikipedia.com

books:

S.NO BOOK NAME AUTHOR NAME

1. Marketing management Philip kotler

2. Human resource management R.S.N.Pilai& bhagavathy

3. Industrial law S.M.Sundaram

.