BANSAL TYRE final

Bansal Tyre (P) Ltd.

An Organization Study at

BANSAL TYRE (P) LTD.

Summer Internship Project submitted to

BANGALORE UNIVERSITY

in partial fulfillment of the requirement

for the award of Degree of

MASTER OF BUSINESS ADMINISTRATION

Submitted By

AMIT KUMAR

(Reg.No.09SBCMA004)

UNDER THE GUIDANCE OF

Prof. ARCHNA MISHRA

Department of Management Studies

ADMINISTRATIVE MANAGEMENT COLLEGE

18th Km, Bannerghatta Main Road, Bangalore-83

Administrative Management College

2010


STUDENT DECLARATION

I hereby declare that this summer internship project entitled ‘ORGANIZATION

STUDY at BANSAL TYRE (P) LTD. is record of independent work carried

out by me under the guidance Prof. ARCHANA MISHRA.I further declare

that this report has not formed the basis for the award of any degree / diploma

of any other university.

Date: Aug 12, 2010

Place: Bangalore-83.

Signature

AMIT AGARWAL



Reg. Number:

09SBCMA004

ACKNOWLEDGEMENT

I wish to express my sincere thanks to Dr. B. Balaji, Director, Department of

Management Studies, Administrative Management College, Bangalore for his

prompt assistance and encouragement in pursuing this summer internship.

I also wish to express my sincere gratitude to my corporate guide

Mr.SANTOSH KR.SINGH, for his information and mentorship while

undertaking the study at different departments.

It is my pleasure to thank Prof. ARCHNA MISHRA, faculty, Department of

Management Studies, Administrative Management College for her valuable

guidance which was instrumental in the successful completion of this project.

Date: Aug 12, 2010

Place: Bangalore-83.

Signature



AMIT AGARWAL

Reg. Number:

09SBCMA004

CONTENTS

S. No. CHAPTER PAGE NUMBER

1. Profile of Industry, Company and

Products / Services

01-23

2. Company’s Mission, Vision and Policies 24-25

3. Organizational structure 26

4. Departments / Divisions 27-53

5. SWOT Analysis 54-57



6. Observations ,Conclusion &Suggestions 58-61

7. Annexures 62-63

8. Bibliography / References 64-65

LIST OF TABLES

S. No. Table No. Title of Table Page Number

1. 1.1 CAGR of production in

(%)

8

LIST OF FIGURES

S. No. Figure No. Title of Figure Page Number

1. 1.1 Wise production share 2

2. 1.2 Tyre demand by

market

4

3. 1.3 ISO quality

registration

12

4. 1.4 1.Cotton Tyre 21



a.Heavy Duty Cotton

Tyre-Supermaster

5. 1.5 b.Heavy Duty Cotton

Tyre-Tufani

21

6. 1.6 c. Semi Cotton Tyre

Star

22

7. 1.7 d. Semi Cotton Tyre

Janta-1

22

8. 1.8 e. Children Bicycles

Tyre Commando

22

9. 1.9 f. Children Bicycles

Tyre Glider

22

10. 1.10 2. Nylon Tyre

a. Preminu Nylon

Tyre

23

11. 1.11 b. Semi Nylon Tyre 23

12. 1.12 3. Tubes 23



Profile

Company’s:-Administrative Management College


Vision

Mission

Objectives

Quality Policy



Organization Structure



Functional Areas

SWOT



Analysis

Observation,

Suggestion



&

Learning

Experience



Annexure



Bibliograph

y



Industry Profile

The origin of the Indian Tyre Industry dates back to 1926 when Dunlop

Rubber Limited set up the first tyre company in West Bengal. MRF followed

suit in 1946. Since then, the Indian tyre industry has grown rapidly.

Transportation industry and tyre industry go hand in hand as the two are

interdependent. Transportation industry has experienced 10% growth rate

year after year with an absolute level of 870 billion ton freight. With an

extensive road network of 3.2 million km, road accounts for over 85% of all

freight movement in India.

Market Characteristics:

Demand

The demand for tyres can be classified in terms of:

Type: Bus and Truck; Scooter; Motorcycle; Passenger Car; Tractor; Cycle



Tyres by Type

The Indian tyre industry produces the complete range of tyres required by the

Indian automotive industry, except for aero tyres and some specialised tyres.

Domestic manufacturers produce tyres for trucks, buses, passenger cars,

jeeps, light trucks, tractors (front, rear and trailer), animal drawn vehicles,

scooters, motorcycles, mopeds, bicycles and off-the-road vehicles and

special defence vehicles.

The scenario in India stands in sharp contrast to that in the world tyre market,

where car tyres (including light trucks) have the major share (88%) by volume

followed by truck tyres (12%). In India, however, passenger car tyres have a

mere 17% share of the overall tyre market (as of FY2003).

Compiled by INGRES

FIGURE NO.:- 1.1

Truck and Bus Tyres

The truck and bus tyre segment accounted for 19% of tyres produced in India

in FY2003. Every truck/bus manufactured generates a demand for seven

tyres (six regular and one spare) as against three in the case of two-wheelers



and five for passenger cars. In addition, the price of a truck tyre is significantly

higher than that of a passenger car tyre (roughly 10 times) or a motorcycle

tyre. Thus the demand multiple emanating from the commercial vehicle

segment is highest in value terms.

Given the regular use and heavy wear and tear of truck and bus tyres, the

demand from the replacement market in this segment worked out to 68% of

the total demand for truck and bus tyres in FY2003; the OEM demand

accounted for around 9% the same year. With the Indian manufacturers of

cross-ply tyres focusing on the export market, this segment accounts for

around 22% of the demand for truck and bus tyres.

Passenger Car Tyres

The passenger car tyre segment accounted for 17% of all tyres produced in

India in FY2003. With passenger car production witnessing a growth of 12%

in FY2003 over the previous year, OEM demand accounted for about 33% of

the total sales that year. The replacement market accounted for around 63%

of the total sales of passenger car tyres in FY2003. Exports accounted for 4%

of the total passenger car tyre demand in FY2003. With the stock of cars

increasing, replacement demand is likely to continue.

Motorcycle Tyres

Motorcycles accounted for 76% of two-wheelers sold in the domestic market

in FY2003. Motorcycle tyres constitute the largest segment of the domestic

tyre industry (29% of total tyre demand in FY2003). The replacement market

accounted for around 49.8% of the total motorcycle tyres sold in FY 2003,

while OEM demand accounted for around 50%.



Scooter Tyres

Scooters were the dominant segment in the Indian two-wheeler industry till

FY1998, accounting for around 42% of domestic two-wheeler sales. However,

the introduction of new motorcycle models has seen the share of scooters

declining to 19% of domestic two-wheeler sales in FY2003. The OEM

segment accounted for around 34% of the total sales in the scooter tyre

segment in FY2003, with the rest being accounted for by the replacement

market.

Tyre Demand by Markets

FIGURE NO.:- 1.2

Vehicle Manufacturers or OEMs

The demand from the OEM segment is a derived one and directly correlated

to the level of automotive production. The OEMs demand varies significantly

across categories from between 8% for truck and bus tyres to over 50% for

some other segments like, jeeps and mopeds.



Replacement Market

The replacement market, including State transport undertakings and

Government buying, accounted for around 59% of the total tyre demand in

FY2003. The demand in the replacement market depends on the vehicle

population, the level of economic activity, life of the products transported,

kilometreage per vehicle, the price of the tyres and the quality of the existing

road infrastructure. Additionally, the replacement market, which offers better

margins, is extremely competitive. The replacement market is dominated by

the truck and buses segment, which accounted for 22% of all tyre sales in the

replacement market in FY2003.The large size of the replacement in turn is

determined by the interplay of various factors as discussed below:

The replacement demand may be lower because of longer

replacement intervals and lower business mileage if the economic

activity slows down.

Replacement demand in India is higher because of a low vehicle

scrappage rate.

Poor road conditions by lowering the life of tyres, have a positive

impact on replacement demand.

Stricter enforcement of the MV Act, which seeks to prevent overloading

of vehicles, will result in an increase in the life of tyres and thus impact

replacement demand negatively.

Applying a new tread or "re-treading" can extend the life of the tyre at a

significantly lower cost, thereby lowering replacement demand. In

India, re-treading finds greater acceptance in the commercial segment.



Radialisation of tyres is likely to result in lower replacement demand.

While car radialisation in the country has reached a level of 65%, truck

and bus radialisation stands at just 2-10%. Poor road and support

infrastructure as well as traditional vehicle designs act as a barrier to

radialisation in the commercial vehicle segment. Radial technology for

trucks and buses would help increase operating efficiencies by

delivering better mileage and minimising wear and tear. According to

ATMA, even if only 25% of the truck and bus segment is radialised, the

savings in fuel costs would be around Rs. 7,500 million.

Introduction of tubeless tyres in the passenger car segment is also

likely to affect replacement demand adversely.

Introduction of eco-friendly radial tyres such as hyper-bonding silica

technology in the passenger car segment may affect replacement

demand adversely.

Exports

In the light of the prevailing domestic market situation, most of the tyre

manufacturers have taken to exports to reduce inventory build-ups. In

FY2003, Indian tyre exports stood at Rs. 10.8 billion (10% of the total

industry) in value terms and 3.1 million in unit terms (6.5% of total production).

Indian companies have currently entered into sourcing agreements (for tyres)

with neighbouring countries. For instance, Ceat and J K Tyres have sourcing

agreements with tyre producers in Sri Lanka and China. This is likely to have

a positive impact on tyre exports from India.



Market Players

Some of the major players in the Indian tyre industry are MRF, Ceat, JK

Industries, Apollo Tyres, Bridgestone India, Goodyear India, Falcon Tyres and

TVS Srichakra. The tyre industry in India is fairly concentrated, with the

sample of eight companies (as in the text) accounting for 82% of production in

FY2002. Besides, not all companies have a diversified product portfolio.

Key Issues

High tax usage

The high tax content on tyres can be gauged from the fact that the percentage

of total tax to the tax excluded price for various categories of tyres is - 44% for

Truck Tyre; 41% for Passenger Car Radial Tyre, 35% for Tractor Rear Tyre

and 76% for Truck Tyre Tube.

Increase in raw material costs

Apart from being capital intensive, the tyre industry is highly raw material

intensive. Any change in the prices of raw materials affects the profitability of

tyre companies. The raw materials used in the manufacture of tyres are

rubber and petroleum derivatives like nylon tyre cord, carbon black, styrene

butadiene rubber and poly butadiene rubber. The most important raw material

is rubber-natural and synthetic. Natural rubber (NR), with 29% weightage in

the cost of raw materials used by tyre industry, is the highest cost item.

Annual consumption of NR by tyre industry is 3.50 lakh tonnes, valued at Rs.

14 billion. Over 85% of NR consumed' by the industry is procured

domestically. 15% is imported.

Import of tyresAdministrative Management College


During the FY2002, over 1,10,000 passenger car tyres were imported.

Although this constitutes a small percentage (1.5%) of total passenger car

tyre production in the country, since total imports are of radial passenger car

tyres, the percentage is higher when compared against domestic production

of radial passenger car tyres. A large percentage of imports are from South

Korea at a concessional rate of customs duty (i.e. 15%) under the Bangkok

Agreement - as against 20% normal rate of customs duty.

Even though the Government has imposed a restraint on the import of used

tyres into India, occasionally there are reports of import of such tyres in a

clandestine manner, sometimes as new tyre at low value, since there is no

restriction on import of new tyres or as tyres under the "others" category.

Many countries such as Japan, Bangladesh, Pakistan, Philippines, Thailand,

Kenya, South Korea, etc. have either put a complete ban on import of used

tyres or have placed stringent conditions on such imports.

Tyre Exports

The product focus of tyre exports from India has been

Traditional Truck Tyres. Globally this segment of tyre export

is shrinking due to greater acceptance of radial tyres. Over

the years, China has emerged as a major exporter in bias tyre

category. Additionally, export of Indian tyres to select

countries is subjected to non-tariff barriers (NTBs) by way of

standards, tests, etc. Export of cheaper tyres from China to

major tyre importing markets, like US, is adversely affecting

Indian tyre exports to these markets. India's share in exports

to these countries (especially USA) is progressively declining.



If the trend is not reversed, Indian tyre industry will find it

extremely difficult to regain its erstwhile position in these

markets. Low rate of interest, cheaper electricity tariff, hidden

subsidies by the Chinese Government, better infrastructure

facilities and lower transaction costs are factors favourable to

Chinese tyre industry.

Trends in Production, Consumption, Price & Capacity

Utilisation

The total tyre produced in the country was 51.58 million units

in FY2003 - a 19% growth rate over FY2002.

CAGR of tyre production (in %)

FY 1993-2003

9%FY 1993-1998 7%

FY 1999-2003 9%

FY 2002-2003 19%

Compiled by INGRES

TABLE NO.:-1.1

Currently, the size of the Indian tyre industry is estimated at Rs. 128 billion

(0.5% of Indian GDP), as of FY2003. The total installed capacity of the Indian

tyre industry is around 60.5 mn units, and the capacity utilisation is around

85%. The capacity utilisation improved in FY2003 following improved demand



from the automotive segment (75% in FY2001). Additionally, in FY2003, the

price realisation of tyre manufacturers also registered an increase by 8%, as

against a 0.6% increase in FY2002.

Demand Supply Gap

The demand for tyres is either in the domestic market or in the export market.

As far as domestic demand is concerned, the OEM and the replacement

segments are likely to witness strong growth given the current performance of

the automotive sector. Given the strong linkages of tyre industry with

automotives, its demand is likely to be strong over the short to medium term.

As for the export demand for tyres, the outlook is positive, even though some

downsides remain.

As regards supply of tyres, currently, the major players are in the process of

expanding their capacities, in anticipation of uptrend in sales. For instance,

Apollo Tyres has set up a joint venture with Michelin for manufacture and sale

of bus and truck radials. JK is expanding its Mysore truck and bus radial

facility along with eyeing acquisitions of smaller units. Ceat has increased its

offtake by 3 times from Pirelli. However, a characteristic of the Indian tyre

industry is that most of the tyre manufacturers in the past had increased

capacities in anticipation of a surge in demand, but when it did not materialise,

they reduced their addition to capacities. Thus, the demand-supply gap is

likely to be an important issue for the Indian tyre industry over the short to

medium term.

Review of Performance

Overall Performance



The operating margin of the representative sample of tyre companies

improved during FY2003. However, the net profit margin of the tyre

companies even though improved, was still at 3%.

Performance in 2004

The tyre industry continues to be driven by good demand growth, propelled by

sustained uptrend in demand and sales of automobiles in general, and

commercial vehicles and passenger cars in particular. However, this does not

get translated into improved margins for the industry, as it is witnessing

sustained rise in prices of raw materials like natural rubber. Additionally, the

customs duty on imports has been brought down from 25% to 20% and

Special Additional Duty of 4% has been dispensed.

Company profile

Company Bansal Tyre (p) Ltd.

1st Unit Address B-4, Indl. Area,

Kesinga Dist., Kalahandi

City Orissa

Zip/Pin 766012

Country India

Info Cycle & Riksha Tyre And Tubes



2nd Unit Address: 130/90/65, L-1, Bagahi, (Opp Anand Puri Gate) Transport Nagar

City Kanpur

Zip/Pin 208011

Country India

Info Cycle & Riksha Tyre And Tubes

About The Company:-

Bansal Enterprises located in India provides: Hard Plastic Working Machines,

Hydraulic Pumps, Plastic Manufacturing Equipment, Plastic Processing

Machinery, Pumps, Rubber Manufacturing Equipment, Rubber Molding

Presses, Rubber Molding Pressing Machinery, Rubber Stamp Presses,

Rubber Stamp Pressing Machinery, Tire Cutters, Tire Services, Tires and

Wheels, Tubes (Rigid), Tyre Cutters, Tyre Services, Tyres and Wheels.

From humble beggining in 1989, Bansal Tyres (P) Ltd. made steady progress

to establish itself as a market leader for bicycle tyres and tubes in India.With

steadily increasing production of quality products, the Company ventured into

overseas market and developed a niche for itself in the international market.

The Company also kept itself abreast with latest technologies and developed

Nylon tyres and Butyl tubes with its own R&D efforts.

The Company has diversified into the field of home appliances such as

electric fans, electric irons, sewing machines, etc.

The customer being foremost in our mind, for ease of foreign buyers, the

Company has established a full fledged "Export Division" located at Orissa.


mailto:[email protected]


The Export Division has the capability for entertaining and servicing enquiries

not only for the Company products, but also for non-company commodities

and engineering goods. Metro's most precious assets is its professionally

trained and dedicated personnel.

BANSAL TYRE (P) LTD. is ISO 9001:2000 certified company,

FIGURE NO.:- 1.3

Bansal Tyres (P) Ltd Is organizations engaged in the manufacturing and

export of high quality tyres and tubes for various purposes. We are known as

quality conscious manufacturers and exporters of bicycles tyres and

tubes. We have earned a respectable position due to our commitment to

quality products as well as quality services.

Having already created an unshakeable niche in the domestic market, we are

now all set to make our presence felt in the international market. For us,

customer is our first priority, which is why we are expanding our retail network

to reach out to every part of India and abroad with high performing auto tyres,

bicycle tyres, etc.

Quality and Infrastructure :



The success of our company has been possible only because of our

commitment to quality of our auto tyres, bicycle tyres, etc., regardless of the

costs involved. Our company has always enforced the most stringent quality

standards in its manufacturing unit as well as its laboratory. Every possible

effort has been made to make use of the latest technology and the most

sophisticated equipment to ensure that the customer is given the maximum

value.

Quality Control

We hold one of the largest stock of authentic tyres. Total quality is our

overriding concern. It is both a goal and a path, as we strive for continuous

quality improvement in our auto tyres and bicycle tyres. Sophisticated controls

are used to ensure that the end product meets the highest quality standards.

We are known for our prompt service, which is backed by a team of

experienced customer care executives.

We are looking forward to have a long term business relationship with you.

Please do contact us for more information on our auto tyres, bicycle tyres, and

allied products. You will be served promptly.

Bansal Tyre has two production department and both same production

process.

Which is following:-

1. It has purchase the raw materials

2. After purchase, start mixing process.

3. Than component manufacturing

4. Assembly Process

5. Vulcanising

6. Inspection

Than after production the company send good for sale into the godown.



Policy Of Bansal Tyre:-

Seek purchase of goods and services from environment responsible

suppliers.

Communicate its environment policy and best practices to all its

employees’ implications.

Set targets and monitor progress through internal and external audits.

Reuse and recycle materials wherever possible and minimize energy

consumption and waste.

PRESENT STATUS OF THE COMPANY

The company is mainly dependent on north market. The product availability

in retail outlets particularly for Bansal Tyre is almost comparable to any other

similar industries products in the premium segment in the north. Whereas in

other parts like Eastern & Southern markets penetration of BANSAL TYRE

product is relatively poor, which depends on the company’s distribution

structure, stockiest and field personnel strength.

With increased trust on distribution, the company does not foresee any

problems to achieve the projected sales through the redistribution package.

Further, the policy of Indian Government also sees the public sector

enterprises enter the industry in a large way there by making the products

available to the consumers at reasonable prices. Being located in the centre

of northern part of India the Government Soap Factory claims preferential

treatment for expansion programmed in view of availability of exotic rubber.



AN ISO-9001 COMPANY: -

Bansal Tyre with a tradition of excellence of over eight decades is committed

to customer delight, through total quality management and continuous

improvement through the involvement of all employees. Bansal has got ISO

9001:2000 certificate.

To improve the quality management system and to facilitate TQM in the

process of soap and detergent, the management took decision to obtain ISO-

9002 by end of March 1999. Accordingly action plan was drawn and a

committee was set up for the purpose during October 1998 with a mission

statement.

The company gives initial training including conducting employee’s awareness

programme, document quality manual and quality system procurement.

In this direction company obtained the guidance from Consultancies,

Bangalore and Bureau of Indian Standards, Bangalore. Accordingly,

company standards registered for ISO 9002 by the end of March to the

Bureau of Indian Standards. Obtained the certificate by the end of March

1999 itself.

This is to project in the national and international market and also to improve

quality of products offered to the consumers with the assurance of quality in

the message.

Excellence in operations - Value Chain De-Verticalisation

Excellence in Operations remains an illusion for most Tyre companies. This

will be remaining as long as they stay confined within the organizational



structures and mindsets associated with today's vertically integrated business

model.

According to a McKinsey report based on problems and opportunities relating

to operational excellence, the study comes out with the following findings: -

Operations issues get neglected from top-management two main

business processes of customer management and consumer

management. It suggests that Operations issues get a lot less than

20% of the Executive Committee's agenda time. To compound the

problem, only around 10% of top executives in tyre companies have

direct personal experience in Operations. It is hardly surprising;

therefore, that the commitment to drive radical change may not be as

strong in Operations as it is in the other two business processes.

Organization structure of many MNC's makes it's tough to optimize

decision-making or to spread best practices across units or countries.

Around 10% of Tyre companies have a global Operations director with

full responsibility for both operational improvement and strategic

resource allocation.

Most of the top quartile talent is siphoned for handling marketing or

finance functions.

Operations functions are short of management talent. High potential

generalists often find Tyre Operations too internally focused and too

technical. At the other end of the scale, senior Operations experts are

often attracted to other industries - such as electronics, automotive or

engineering - where Operations is both more highly regarded and more

highly rewarded.

These problems are not new. What is new is that a potential solution -

the combination of organizational separation and value chain de-

verticalisation. De-verticalisation Multinational Tyre companies that are

able to achieve:-



organizational separation

functionally organized national companies

Outlook :

The level of economic activity, performance of the industry, and the faring of

the transport sector directly influence the performance of the tyre industry in

India. With the replacement segment dominating the overall tyre demand in

India, the industry remains inherently vulnerable to economic cycles. While

radialisation has become the norm in the passenger car segment, in the bus

and truck tyre segment, its acceptance is still limited. Bus and truck

radialisation could emerge in the long term as the quality of roads improves

and the restrictions on overloading are better enforced. The practice of re-

treading, which is gaining increasing acceptance, could pose a challenge to

replacement demand in the medium term. The ability of the re-treading sector

to capture potential replacement demand would depend on the awareness

among customers (of the benefits of retreading) and also the quality of

retreading done. Given the low levels of penetration of two-wheelers and

passenger cars in the country, OEM demand is likely to increase, which in

turn would push up replacement demand with a lag.

The prospects of tyre exports from India appear healthy, following efforts by

Indian companies to increasingly enter into outsourcing agreements with tyre

producers in Southeast Asia, Eastern Europe and Latin America. Overall, tyre

manufacturers are likely to tap the export market in an effort to boost sales.

The increasing exports of bus and truck tyres (crossply variety) from India to

developing countries is because of the fact that developing countries are

unable to source them from developed countries as these are no more

produced there. Tyre imports are unlikely to pose a threat to the domestic



industry, given that domestic prices are lower than international tyre prices.

In the domestic market, tyre manufacturers are expected to increasingly focus

on expanding their dealership networks & explore possibilities of tie-ups

among themselves to penetrate the growing customer base. They are also

likely to pursue innovative measures (such as "dial-a-tyre service and road

shows) to improve customer awareness.

The consolidation of the industry is likely to continue in the coming years

through mergers among existing players. The industry is likely to expand

through a combination of organic and inorganic growth. While organic growth

would come from raising efficiency levels, inorganic growth would be achieved

through alliances and M&As.

COMPETITORS OF BANSAL TYRE PRODUCTS AND

SERVICES:-

Bansal tyre is facing cut-throat competition in national and international

market. Some of its main competitors are:-

Ralson Tyre

Hero Tyre

Metro Tyre

City Tyre

Product manufactured by the company:

Bicycle Tyre



Bicycle Tyre

Riksha Tyre

Riksha Tyre

Company Administration:

NAME DESIGNATION

Mr. Ramavatar Agrawal Managing Director

Mr. Ramesh Naidu General Managers

Mr. Pavan Kumar Divisional Managers

Mr. Surender Reddy Production Managers

MD. Azfar Khan Financial Managers

Mr. Santosh Kr.Singh HR Managers

Mr. Suresh Agrawal Marketing Managers



Products Profile:

1. Cotton Tyre 2. Nylon Tyre

a. Heavy Duty Cotton Tyre-Supermaster a. Preminu

Nylon Tyre

b. Heavy Duty Cotton Tyre-Tufani Takat(TT) b. Semi Nylon

Tyre

c. Semi Cotton Tyre Star

d. Semi Cotton Tyre Janta-1

e. Children Bicycles Tyre Commando



f. Children Bicycles Tyre Glider

3. Tubes

1.Cotton Tyre

a.Heavy Duty Cotton Tyre-Supermaster b. Heavy Duty Cotton Tyre-

TufaTakat(TT)

FIGURE NO.:- 1.4 FIGURE NO.:- 1.5

c. Semi Cotton Tyre Star d. Semi Cotton Tyre

Janta-1




e. Children Bicycles Tyre Commando f. Children Bicycles



Tyre Glider


2. Nylon Tyre

a. Preminu Nylon Tyre b. Semi Nylon Tyre




3. Tubes

FIGURE NO.:- 1.12

Vision:

Inherent dynamism, spirit of enterprise, international mindset, corporate

governance, strong quality reputation, sustainable approach and an all



encompassing vision has helped us to initiate many new high growth activities

and will go on driving our business approach in the global scenarios for further

modernization and expansion.

Mission:

Pursue market excellence and competitiveness by maintaining and further

strengthen- ing our current leadership in terms of Innovation, product quality

and product diversification, global market prersence.

Strive forward into the future with confidence to accomplish the goal of

providing a wide range of high quality tyres at affordable price while

continuing to expand production facility.

Achieve not just customer satisfaction but customer delight: for us, the

customer's joy in company’s products is the ultimate measure of success.

Objectives:

The Company main objectives is consent improvement in

quality.

It wants respond to changes for better.

Customer is supreme, means it gives to first prefence to

customer.

To gives better team work each and every department.

The Company want to produce safe product.

It is improving organization systematically.

It is a social objectives of the company, environmental friendly.

Always the company maintain social responsibility and also try

to maintain in futher.

Quality policy:

The company quality policy is to improve product quality.



A good quality product can retain the customer for ever.

Company has resolved to keep up the quality standards at high level.

All condition and measures necessary to ensure the safety and

responsibility of our product stage from production in the field to

reception of raw material and ingredient through the production

process in the factory until the dispatch of the finished product.

The company will constantly ensure product quality and safety as per

our customer requirement keeping mind that our production are from all

category strive to continuously improve the company process through

the entire chain production.

ORGANISATION STRUCTURE


Managing Director


Production Department

Managing director

Unit manager


Marketing Management

Divisional Manager

General Managers

Financial Management

HR Management

Production Management

Unit manager Account officer

Supervisors

Asst. Account OfficerGodown incharge

Senior Asst.

Assistant

HR Manager

Asst. HR Manager

Senior Personal Officer

Asst. Manager Junior

Asst. Manager

Zonal Manager

Area Managar


Godown in charge

Supervisors

Workers

The production unit is having human resource of 200 of which 6 are

technicians, 1 operator and 25 workers in packing section and remaining are

in the production and storage section.

Godown is a place where the entire inventory are arranged and preserved in

a systematic manner for a period of time.

Inventory means the idle resource if any kind provided that it has an

economic value.

Bansal Tyre (P) ltd is having a very good godown facilityof area 22x12

merers. In the premises of production unit so as to minimize the

transportation cost. As the organization is assured under ISO9001:2000, the

godown incharge is also following ISO9001:2000 guidelines in maintaining

the stock.

The godown is insured under oriental insurance company if there is an

excess inflow of raw materials the godown incharge sends the raw materials

to government warehouse where there is 10% discount for storing its raw

materials in the department godown incharge is the responsible person for

maintaining stock under the supervision of unit manager under godown

incharge there are 6 temporary workers retrieval incharge there are 6

temporary workers for retrieval of raw materials.



Raw materials:

The main raw materials of a tyre are natural rubber, synthetic rubber, carbon

black and oil. The share of rubber compounds in the total weight of a tyre is

more than 80%. The rest consists of various kinds of reinforcing materials.

Approximately half of the rubber is natural rubber from a rubber tree. Rubber

trees are grown in the tropics, in countries like Malaysia and Indonesia. Most

of the synthetic, oil-based rubbers come from European manufacturers.

Approximately one-third of the compound consists of filler substances. The

most important of these is carbon black which makes the tyres black in colour.

Another

important filler is oil which is used as a plasticiser in the compound.

Furthermore, hardening or vulcanising agents, various booster chemicals and

protective agents are used in the rubber compounds.

Mixing:

In the mixing stage, the raw materials are mixed together and heated at a

temperature of approximately 120 degrees Celsius.

The consistency of the rubber compounds used in different parts of a tyre

varies, and the consistency also varies depending on the intended use and

model of the tyre. The rubber compound used in a summer tyre for a

passenger car is different from that of a winter tyre, and there are very few

similarities between the rubber compound of a bicycle tyre and that of a

forestry tyre.

Developing and adjusting the recipes is an important part of the tyre



development work.

Component manufacturing:

The compounds are used in rubberising various components, such as cables,

textiles or steel belts. A tyre is manufactured from 10–30 different

components.Most of the components are various kinds of reinforcements.

Assembly:

Tyre makers assemble the components into green tyres using assembly

machinery.

When the components have been drawn onto the belt drum of an assembly

machine and the frame of a tyre has been set on the bulkheads of the

stretching machine, the machine’s loading wheel transfers the unity formed by

the surface and the belt onto the frame.

The frame is then pressurised and stretched to fuse with the above-mentioned

unity. This is how a green tyre is manufactured.

Vulcanising:

Green tyres are vulcanised in curing presses.

The high steam pressure conducted into the curing pad inside the curing

press presses the elastic green tyre against the tread pattern and side texts

inside the moulds, giving the tyre its final appearance.

Inspection:



Each passenger car tyre is inspected both visually and by a machine.

Attention is paid to any faults and defects with the appearance of the tyre in

the visual inspection. The machine measures the pattern as well as radial

throw and lateral force variation of the tyre.

When a tyre has been inspected, it will be tested, labelled and transferred to

the warehouse for delivery.

Inventory control

First in first out (fifo) method is used to maintaining and sending the stock

because of perishable nature of raw materials.

EOQ (economic order quantity) method is used in ordering the raw

materials.

Book keeping

1. Purchase journal

2. Weighment register

3. Stock ledger

4. Stock receipt note

Role of godown incharge

1. He should keep godown premises clean.

2. He should use the preservatives as end required.



3. He should allot the batch numbers and date of intake of

particular raw materials.

4. Intake of raw materials the sample should be sent to the

laboratory.

5. stock receipt note is send to accounts section ofter retrieving

raw materials

6. purchase journal should be maintained

7. supervise the workers to put the raw materials in specified

section.

8. follow the ISO9001-2000 guide lines in maintaining the godown.

Production is to convert set of input that is raw materials into a set desired

output (finished product)

Unit manager

Production in charge



Shift in charge

Technician/operator workers

In Bansal Tyre (P) ltd, production incherge is responsible for the activities

taking placein the production department. Production incharge worke is

under the supervision of unit manager and he is having the shift incharge

supervisor,the technician of operators and workers in the production unit to

procedure qualitative food.

The Company is purely a production oriented unit. The production block is

systematically constructed keeping in mind the health factors of the

workers .the construction is so designed that thereis adequate lightening

and ventilation . the organization is conducting the general shift for the

production on the basis of order placed.

Responsibilities of production in charge

Overall responsible for carrying out the production as per

planning

Identification production batches

Maintenance of plant and machinery

Up keeping of premises

Control of non-conforming products and taking corrective action

Arrange for delivery of finished products

Responsibility of shift in charge

o Attendance and work allotment

o Work supervision in right manner.



o Give indent to godown in incharge.

o Follow ISO guidelines.

o Preservative measures.

o Finished goods stock maintenance.

o Work allotment for packing section.

Finance Department

Chief Finance Manager

Account officer

Assistant Account Officer



Senior Assistant

Assistant

The function and responsibilities of the finance and accounts wings include

the following:

Determines the financial resources require to met the corporations

operations operating, and capital expenditure programmed.

Established and maintain a system of finance control governing the

allocation and use of funds.

Analyze the financial results of all operations report the facts to

management and make recommendations concerning future

operations.

Carryout special studies to improve efficiency and profitability.

REPORTING:

The following reports are submitted to the management.

Resource employed

Summary of cash flow for the quarter

Forecast of cash flow for the next quarter

Capital expenditure incurred during the quarter compared with

sanctioned amount budget estimate etc.



Any other report prescribed by the undertaking relating to financial

materials

DIVISION OF FINANCE AND ACCOUNTS WING:

Establishment

Bills and banking

Management information system and financial concurrence

Asset accounts

Book-keeping and compilation

Budget and finance

Internal audit

BILLS AND BANKING:

Arranging payment of suppliers bill

Maintenance of cash book connected records for cash and bank

transaction

Reconciliation of balances.

DUTIES AND REPONSIBILITES:-

CHIEF FINANCE MANAGER:

The finance accounts wings under the charge of chief finance manager who

works under the control and directions of the director. He is responsible for

the proper maintenance of account and to conduct financial transaction in

accordance with rules and regulation framed by the organization instructing

bearing on the accounts and finance audit of the organization will be issued



by him. He should periodically conduct inspection of the accounts maintained

in the department and should report to the director.

ACCOUNTS OFFICER:

He is responsible for the efficient working of the section. Under his

charge he should supervise the working of the section, to ensure the

account document and books are maintained according to the

provision of this manual and instructions issued from time to time.

He is responsible to apply preliminary checks to all initial documents

vouchers and accounts emanating from the section.

He should ensure by proper supervision.

He should ensure that all enquires and audit observations

communicated to necessary information bought should also be

arranged.

He may be required to undertake such scrutiny of accounts and

records as consider necessary by the chief manager and account

officer.

ACCOUNTANTS:

He is an direct charge of the account section and responsible to the

account office in so for as maintenance of proper account of the

section of the section is concerned. He is the supervisor the working of

various assistance to see that the prescribed accounts procedure are

correctly followed.

He should also do original work instructed by the accounts officer. He

should assist the accounts office to show efficient discharge of the

work at the section.



He is responsible for the timely completion and prompt submission of

the various statement required to the complied in the section.

He has to report inefficient and slackness notice by him in his section

to his immediate superior for information and necessary action.

It is his responsibility to arrange to maintain the sectional diary and

register in the prescribed form submit to the accounts officer every

week putting an abstract and furnishing the certificate’s.

FUNCTIONS AND SYSTEM OF ACCOUNTS:

All the function of security payment and accounting of the transactions

arising in the process are centralized in the accounts wing.

It is responsible for maintenance of initial accounts the function

distribution of work will be as follows.

1. Establishment account

2. Work accounts

3. Stores accounts

4. Supply bills

5. Accounts compilation banking and cash

GENERAL LEDGER:



All receivables and payables are maintained in this ledger.

Under this two sub ledger is maintained i.e.

Cost ledger

Control ledger

Personal ledger

In cost ledger, all profit and loss items, and payments and receipts are

maintained

In control ledger, all balance sheet items like fixed assets and current assets

are maintained.

In personal ledger, all clients and suppliers accounts are maintained.

SIGNIFICANTS OF ACCOUNTING POLICIES

The financial statement has been under the historical cost convention all

income and expenditure having a material bearing on the financial statement

is recognized on accrual basis.

FIXED ASSITS AND DEPRECIATION:

Depreciation is calculated on straight line method adopting the rates,

specified by the excise department

Depreciation in the respect of additions is provided for full year

irrespective of the dates addition

In respective of fixed assets no depreciation is claimed during the year

of sale.

Plant and machinery costing Rs. 50,000 are less individually

depreciated at 100% in the year.



TREATMENT OF EXPENDITURE DURING THE WORKINPROGRESS

INDIRECT EXPENDITURE

Indirect establishment expenses, general expenses, receipts relating to

common units and depreciations on service assets are appropriated between

capital and revenue on the basis of budget/departmental estimated. The

amount apportioned to capital works is charged to individual brands and to in

terms of works on the basis of actual works expenditure during the year.

FINANCE COST

Finance cost attributable to working capital requirements are completely

charged to profit and loss account.

Other finance cost apportioned on the basis of cumulative capital expenditure

at the beginning of the year.

HR Department

HR Manager

Assistant HR Manager

Senior Personal Officer



Welfare officer Assistant personal officer

The existing long term wage revision settlement is in force till 31st December,

2008. The industrial relations are cordial and the company has not suffered

any loss of production on account of labour problem. The Directors

acknowledge the support and co – operation from employees at all levels.

The company has drawn out a specific program to harness and improve the

knowledge, skill and efficiency of each employee for their career

development. The senior management is actively involved in boosting

employee morale through continuous dialog in structured communication

meetings.

The personal dept. performs all the functions right from the recruitment to right

from an employee. The development of a just & reasonable promotion &

transfer policy, the placement of employees according to their qualifications, &

plans which aim at increasing efficiency, promotion job satisfaction, motivating

employees, & finally the administration & adoption of wage & other incentive

plans, all these are looked after by the personal dept.

PERSONNEL DEPARTMENT



ESTABLISHMENT TIME

OFFICE

ESTABLISHMENT DEPARTMENT

Establishment dept is the dept where the new employees are recruited. The

technical & commercial dept. sends an internal memo letter regarding the type

of employee: they need to the concerned dept. after receiving the letter the

establishment dept. gives the advertisement & details in the newspaper. As

they receive the bio – data of the fresher from the different places, latter they

select and send them call letter for interview.

Establishment procedure

Advertisement

Recruitment

Call letter

Interview



Selection

Officer of appointment

Training

Method of training

The training is conducted usually to the class room training and in addition to

it on the job training is a must. From various departments training nominations

are received.The training provided by Bansal Tyre (P) ltd. Is

1) On the job training – technical

2) Off the job training – clerical

3) Training

Training committee

A committee has been formed in order to access, evolve, co – ordinate and

meet the training needs to bringing in visible improvements in understanding

the shop floor.

Training Recruitments



1. The training has to be spelt out with clarity.

Training can be imparted on any of the following areas

Technical competencies

Safety training

ISO initiatives

Legal requirements and compliance

Behavioral aspects

2. Objectives of training must be made clear and measurable

3. Areas/Departments must be specified

4. Need for improvement to be clearly spelt out

5. Specific “lack of understanding” should also be clearly spelt out.

Evaluation of training

The benefits of each training program should be evaluated immediately or

within reasonable time jointly by the concerned department and the

committee. The training has to be followed by evaluating the extent of specific

improvements which have taken place after imparting such training.

The existing long term wage revision settlement is in force till 31st December,

2007. The industrial relations are cordial and the company has not suffered

any loss of production on account of labour problem. The company has drawn

out specific programme to harness and improve the knowledge, skill and

efficiency of each employee for their career development. The senior

manager is actively involved in boosting employee morale through continuous

dialogue in structured communication meetings..



Further indirect employment in provided by way of purchase from ancillary

and small scale units in the near and general economic development of

region.

TIME OFFICE DEPARTMENT

Every industry either small or big has the office dept., which deals in the time

keeping of the various employees in the factory. Every worker should be

punctual & proper attendance of the worker is the must, so time office plays a

very important role in an organization.

At Bansal Tyre (P) ltd. Punch card system is prevailing to keep the record

of the timings during which the worker comes inside the factory premises to

work & the time he leaves the factory. Each worker has to punch his card in

the punching machine before his working hrs. & if, he is one minute late one

hour pay will be deducted from his salary. Before this the company gives

three chances & if the same is repeated more than three times & they will not

be allowed inside the factory.

FUNCTIONS OF THE PERSONNEL DEPARTMENT

Checking and recording the attendance of the permanent workers

of the company.

Calculation of wages of the company.

Adding overtime incentives to their wages.

Granting leave to the employees as and when they request.

Salary increment of the workers.

Giving advance or loans to the employees.



Paying gratuity to the employee, who had resigned, retired or

expired.

TIME SCHEDULE OF THE COMPANY

There are four shifts in factory workers have to work accordingly, shifts are as

follows:

‘A’ shift 06.00AM to 02.00PM

‘B’ shift 02.00PM to 10.00PM

TIME OFFICE MAINTAINS VARIOUS FILES AND RECORDS

Register of leave with wages, leave book, pay sheet of salary sheet, register

of O.T., Register of absenteeism, Register of late arrivals, Office order files,

office circular files, and accidents record files, personnel files of the

employees, allowance files, strikes & lockout files, time office procedure files,

increment files, etc.

LEAVE FACILITIES TO THE WORKER

Privilege leave--------------- 1 day leave for every 20 working Days

Casual leave------------------- 7 days

Sick leave---------------------- 4 days

Maternity---------------------- As per ESI Act

ESI leave ---------------------- In case of harmful or chronic disease of

Accident



Time office dept. is one of the important departments of the company; it keeps

records & files of all the employees of the company.

WELFARE FACILITIES TO THE EMPLOYEES

STATUTORY WELFARE FACILITIES TO THE EMPLOYEE

Drinking water.

Rainy wears uniforms & shoes.

Shelter room & lunch room.

Safety office.

Fire office.

Crèche building.

ESI, Gratuity, P.F., Bonus facilities

NON-STATUTORY WELFARE FACILITIES TO EMPLOYEES

Housing facilities

Education

Training and development

Medical check up

Sports, game, cultural activities

Reading room



Banking facilities

Company’s own social security

Medical

Company runs a Hospital with 4 beds with a well laboratory, X-ray manned

by specliased doctors, including 1 compounder and staff nurses. A heart

specialist visits once in a week at this hospital. The families and dependents

of employers not covered under ESI scheme are eligible for having medical

treatment in this hospital. Specialized consultation facilities are also made

available periodically.

HOUSING

Housing facilities are being provided to some of the senior employees of the

top cadre and loans are provided for them to have permanent houses, which

can be paid in easy installment.

EDUCATION

Education facilities to the children of some senior employees are being

undertaken by the company, so as to increase the employee morale, so that

they can utilize the employee’s worth to the maximum extent.

TRAINING AND DEVELOPMENT

Well planned training programs are under taken by the company so as to train

the employees in different functional aspects.



Senior employees keep sharpening their skills through the latest management

development like total quality management.

INDUSTRY SAFETY

The Bansal Tyre (P) ltd., considers safety as the main function of their

productivity. The Executive Director of the company is considered as occupier

of the company. Apart from that the factory manager is considered as

representing occupier. The Industrial safety department works under

president technical, which is the top most authority of the production. The

safety officer has been appointed as per the factory’s Act, 1948 sec 40 B.

The company is very much interested to eliminate hazards in the work

environment. The following are the tools which are being utilized to eliminate

hazards.

1. Safety Survey

2. Intermittent Safety Inspections

3. Periodical Safety Inspections

4. Safety Audit (Internal)

5. Safety Audit (External)

6. Hazard and Operability Study (hazop study)

Apart from the above the company has formulated departmental operating

procedures (DOP).The company is certified by ISO 9001(2000). The company

is following work permit system.

1. Hot work permit



2. Work permit class 2

Marketing Department

Marketing Manager

Assistant Manager

Junior Assistant Manager

Zonal Manager

Area Managar

Marketing management analysis, planning and implementation and

controlling programs designated to bring about desired exchange goods and

money with marketing needs and desired and using effective promotional

activates to improve sales and attain the desired profited.



The Company has a very able marketing department. It has a very effective

staff and well –trained staff. They carry out the marketing activates very well

and try to reach desired goals within a specifics time period.

The Company is a 100% EOU having its customer from European countries

and therefore it is very much necessary to understand the customer

requirement related to gherkin of those importing countries.

Customer:

The organization is having the costumers in various countries of Asia

including

India,Srilanka,Nepal & Bangaladesh.

Marketing Functions:

To capture the market share.

To collect the information about revenue.

Maintaining sales and other accounts.

To attain major market shares.

To over competition

The heart of any good business activity is its marketing and

distribution strength.

Our consistent growth can be attributed to experts in this areas.

Determination of requirements related to the product.

Capturing customer perception and determine the satisfaction

level.

Our product and brand management team based at our

marketing office in kalahandi, which is district head quarters in the southern

Indian state of Orissa, guide them with required marketing and training input.



Marketing Mix : it is the policy adopted by the manufactures to

get success in the field of marketing

Product Policy: It includes both the turns of development &

improvement produced and existing products.

Distribution Policy: The manufactured product of the company

is supplier to the factory depots. There are various depots in various states &

stored there.

Sales & Promotion: the drawback is poor advertising & sales

promotion.

Packing: Uses different materials for different products, card

board boxes synthetic covers.

As the company markets their products, it ensures that there is proper

description of their product & its distinct features. So that the consumer can

be position to understand its components.

CHANNEL DISTRIBUTION:


Manufacture

(Bansal Tyre (P) Ltd)

Retailer

Stockiest (Wholesalers)

Agents


STRATEGY:

Strategic planning is about asking questions, more than attempting to answer

them. Strategy formulation entails a search for a different frame of reference.

It is the quest for a new business paradigm. There are two types of paradigms

that apply to management, namely the business and the organizational or

managerial paradigms. The business paradigms define a company’s position

in the market place with respect to customers, technology and products.

Strategy is a choice of direction and action; the company adopts to achieve its

objectives in a competitive situation. Any statements on overall of functional

strategy that the company may wish to share are:

Improvement in the existing products.

Their future plans include launching of new products.

The cost control exercise is in consolidation.

Introduction of cost effective substitutes without compromising on

quality


Consumers


Strengths:

Bansal Tyres strength is the power to take on all challenges.

The company are adopting and have adopted different techniques.,

which are unique and unparalleled in any part of the tyres industries.

The company is working effectively to achieve the goals of the industry

in the back drop of liberalization of the economy. Massive efforts have

been undertaken towards organization development.

Operational excellence is the big strengths of the company.

Through a programmed of continuous improvement, Bansal Tyres has

achieved excellent operational performance. It seeks to continuous

bench marking each aspect in achieving the highest standards.

Bansal Tyres has the back up of technical and managerial expects who

look after all the functional departments with great discipline.

The team of professionals & experts working in the organization are

valuable assets.

The company has wide distribution networks

The company has full expertise on market

The company strengths cost effective & durable products



Processing time of the order is very short.

Weakness:

The company has lack of man power

Casual laborers and contract labors who possess the difficulty of

utilization of man power resulting in it production strategies.

Establishing charges are very high in the company

Low safety level is a very big problem for the company

Communication process is bad, it is also a big weakness of the

company

Promotion policy is not good . company gives promotion on seniority

basis and not on performance.

Unwillingness of the staff to change to new practices.



Opportunities:

Bansal Tyres hold tremendous growth opportunity in the field of

investigation

The Company hold tremendous growth opportunity in the field of

development,

The Company design of different kinds of brands in to the market.

The Company Technological up gradation

Going in for branding strategy

Planning for personal Relations Activity.

The company give opportunities to freshers.



Threats:

With the advent of different kinds of rules and regulations enhanced by

the government of Orissa. It has become a threat for the tyres

industries to launch the desired brands in to the market under all these

conditions.

The big threats of the company about competitors in the market

Changing of technology become a big threats for the company

Significant disruption in demand in developed countries from key

consumer segment

Competition from scrap imports and very high threat from substitute

materials particular plastics

Progressive reduction in cycle tyre import tariffs

Bureaucratic nature of Government - Socio-Political interventions (in

leasing mines)

The Company infrastructure is deficit.



Observation:

Bansal tyre (P)ltd providing challenging and rewarding career

opportunities to its employees with the spirit of participation, care and

empowerment.

The company is earning profit of year and it is not confronting any

financial problems.

The company is equipment with fully automatic system which ensure

total quality maintenance (function).

The company is also under the process of computerized whole

organization within a shirt span

The company has a sound financial department, which takes care of all

financial transactions and financial decisions. The whole accounts are

carried out through computers.

The company has a efficient HR, which takes care of the employee

welfare activities

Planned purchase of raw materials and high productivity.

The company as a efficient Marketing team.

The company are suffering from technical problem.

The company are not doing very good promotional activity for the

product development.

The company has not skilled employee in the marketing team.

The company are not doing any thing for their product development.

The company has not very good human resources for retaining their

employees.

The employees of this organization are not efficient for perform their

duity.



The company should increase their man power resources.

The company needs to increase their market share for competeate with

the competitors.

The company are not doing anything for the brand promotion,so this is

become a big problem for the sales department.

The employees of this company are not fully satisfied.

Suggestion:

The company needs young, talented and hard working people to attain

its important goals which can be done downsizing of the present work

force and get new talent in new areas of work.

The company has to put little more effort to increase their production.

The company should give more importance in keeping the premises

clean and hygienic and make attractive which keeps the employees

fresh and motivated

The company is better give more importance towards the

infrastructure. This will motivate the employees and help them work

more efficiently.

Attractive package should be made to attract end user.

The company needs to improve awareness in the minds of employees

through systematic training.

The company employees with the spirit of participation, care and

empowerment.

The company is earning profit of year and it is not confronting any

financial problems.

The company is equipment with fully automatic system which ensure

total quality maintenance (function).

The company is also under the process of computerized whole

organization within a shirt span



The company needs to do promotional activity for their product

development.

The company needs to improve quality of the product.

The company has a sound financial department, which takes care of all

financial transactions and financial decisions. The whole accounts are

carried out through computers.

The company has a efficient HR, which takes care of the employee

welfare activities

Planned purchase of raw materials and high productivity.

The company needs to follow the different Distribution channel for the

supply of their product.

Learning Experience:

As far as my learning experience is concern, I learn many this like;

I learnt the most important things in the organization is time

management.

How the external and internal factors affects the organization.

The effect of the technology on the business.

I learn the role of the technology on the business.

I understood the role of management in the organization.

Learnt about new technology in related field.

I understood how does a company use the Marketing tactics and use in

the market.



FINDINGS:

It is a company wholly owned by government, so it has to follow the

rules made by the government.

The company is under utilizing its capacity.

Its production is based on old techonology, which leads to more wastes

in the production process.

Consumer awareness of its products is very less.

Its products are not available easily in district places of states other

than Orissa .

There is mismatch in production & sales activity.

Recruitment in the company has been stopped since 1989 due to some

circumstances and recruitments are taking place only some

department.



Annexures:

BALANCE SHEET AS ON 31/03/2009:

Capital & Liabilities 31.-.3-2009 Property & Assets 31.-.3-2009

Equity Capital Fixed Assets

Equity Capital (Orissa)

2438254 Fixed Assets 12385201

Equity Capital (Union Govt.) 480,976 Capital Work in Progress 684678

Investments

Insurance & Accident Reserve Fund 500

Investment Against Fund -

Other Investments 0

Internal Resources Contingency Fund 0

capitalization from Depreciation reserve

Expenditure. 6401590 Current Assets

Inventories 277818

Reserves & Funds Stores & Spares

Reserves 448304 Work in progress 119

Depreciation Reserves 2,406 Regional Workshop in B'lore 0

Regional Workshop in Hassan 0

Secured Loans Units 119

Loan from Commercial Banks 2733,499

HDFC Loan - Sundry Debtors

Short Term Loans (HDFC) - Debtors Considered Good 525026

KUIDFC Loan 43,036 Debtors Considered Doubtful 4341

Advances

Unsecured Loans Advances to Employees 161339



Loan from state Gov. 360000 Advance to Suppliers 243634

Interest on State Govt. Loans 30254 Advance to other Parties 864

Public Deposits 29 Interest Earned on investments But not Received. 203

Commercial Papers - Stock Adjustment Account 24314

HDFC loan Receipt towards Employees 85168 Assets Adjustment Account 0

Deposits by the Corporation 134140

Liabilities Pre Paid Expenses 13184

Current Liabilities & Provisions 2079873 Cash

Provisions for Written Off of Anticipated loss 4206 Cash on Hand 510664

Provisions for Written Off on Dad outfall debts 4341

Cash at Bank ( Current A/C including Deposits ) 347615

Deposits (other than Public Deposits 618609 Cash in Transit 122390

Deferred Revenue Expenditure 35703

Net Profit (Transferred to Net Revenue A/C ) Net Loss -

Net loss Brought Forward from preceding year 1254582

Less: Net Profit brought from net revenue A/c 577052

10,117,703 10,117,703

Bibliography



www.google.com

Company magazine

Company manual

News paper

www.answers.com

www.yahoo.com

www.wikipedia.com

Related books

Search engines

REFERENCE:

1) Human Resource Management

K. Aswathappa, Human Resource and Personnel

Management, 3rd Edition, Tata McGraw Hill.

Dessler, Human Resource Management, 9th Edition.

2) Marketing

Philip Kotler, Marketing Management, Milennium

Edition,

Prentice Hall of India Private Limited, New Delhi.

3) Production


http://www.answers.com/


K. Aswathappa & K. Sridhara Bhatt, Production &

Operation.

Management, Himalaya Publishing House, Mumbai

4) Finance Management

Prasana Chandra, Publisher, Himalaya Publications,

4thEdition


BANSAL TYRE final

Documents

Transcript of BANSAL TYRE final