Projected Report On

TURBO BEARINGS (P) LTD.

Prepared ByGadhvi Hiren J.

ClassF.Y.B.B.A.

Roll No71

Academic Year2008 - 2009

CollegeShree R. P. Bhalodia College

Guided ByMr. Kuldeep Jobanputra

Symbol of company

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DECLARATION

I, undersigned Gadhvi Hiren a student of F.Y.B.B.A.here by declare that The project

work presented in this report is my own work and has been carried out under the

supervision of Mr.KuldeepJobanputra of Shree R.P. Bhalodia college, Rajkot.

This project work has not been submitted to any other University for any other

examination. I have tried my level best to include all information in this report.

Signature of StudentDate:-

(H.J. GADHVI)Place: Rajkot

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ACKNOWLEDGEMENT At the time of presenting this report it is necessary that I should thank all the

persons who helped me for preparing this report.

I am grateful to Mr. Kuldeep Jobanputra for his Excellence efforts to make this

training programmed "a complete success".

I must not forget the management of “TURBO BEARING (P) LTD." and hearty

grateful to them. I also extend my gratitude to managing director of for giving me

details regarding their

Organization.

Finally, I would like to say with the Co- operation of our Collage professors,

Management staff and parents; my training has become unforgettable in my life.

Date:

3

Place: RajkotSignature of Student

(H.J. GADHVI)

PREFACE

First of all I would like to give brief Idea about the preparation of

project report includes the information about production, marketing finance&

personnel department

.

BBA is a professional course of management Study and management

itself is an art. Art Involves the practice, therefore, it is necessary for us to know

practically how the business runs to fulfill the same purpose. A practical study has

been entered in this course, which involves the study of any organization and

makes increases which is very essential now a days.

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History of the company

In 1988 a small movement started in Rajkot (India) to manufacture antifriction

bearings with brand name TURBO. Initially TURBO bearings have started its activity

with manufacturing tapered roller bearings. Over the years TURBO has grown to

manufacture verities of bearings like:

* Tapered roller bearings.

* Double row tapered roller bearings.

* Spherical roller bearings.

* Cylindrical roller bearings

* Double row cylindrical bearings

* Needle roller bearings

* Deep groove ball bearings.

* clutch bearings

* Four plant contact bearings.

* Thrust bearings.

* Angular contact bearings.

Now a day many original equipment manufacturers of vehicles and industries are

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using

TURBO bearings with satisfaction of its excellent performance in India as well

as in international markets. Our aim is to maintain the best quality of our product

by using prime material and adopting Best quality of our product by using prime

material and adopting latest bearing manufacturing technology with sophisticated

machines. We are improving our product by continuous research and development

activities in our plant.

Profiles of the company

* Name of the company TURBO BEARINGS PVT. LTD.

* Address PLOT NO. 250, Q - ROAD, G.I.D.C. AJI - 2, RAJKOT - 360 003. * Brand TURBO BEARINGS

* E-mail INFO@TURBOBEARINGS.COM. * Year of establishment 1988

* Size of the unit LARGE SCALE.

* Form of organization PRIVATE LIMITED.

* No. of Workers 165

* Bankers ORIENTAL BANK OF. COMMERCE, RAJKOT.

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* Shift MORNING SHIFT 8.00 A.M. TO 12. 00 P.M. AFTERNOON SHIFT 2.00 P.M. TO 6.00 P.M. * Weekly off day

* Slogan THE SYMBOL OF EXCELLENCE It MEANS TURBO.

Organization chart

7

Managing Director

Joint MD Director

WorksManager

General Manager

Chief Acc.Officer

ChiefExcise.

Pur.Supervisio

StoreSupervisi

EngineersChief

accountantExcise Officer

Assistants Assistants

Shift.Eng.

Adm.supervisi

MarketingExecutives

DispatchOfficer

Accoutant

Shift.Supervisi

AssistantsPersonalOfficer

Assistants Assistants

Inspectors

Assistants

Location of company

Rajkot is one of the important industrial center of India, known for its

entrepreneurship, engineering, Skill, hard work and good commercial sense; all these

Factors have made rajkot a very competitive place all over the country as well as in

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the overseas market. This city has shown tremendous increase utilization in the field

of Industrial and agricultural applications.

Location plays vital role in success of any organization. Appropriate location of

company can assure minimization of cost and maximization of Profit.

The following points are important when selection of the location is going on:

* Easy availability of raw materials. * Cheap labours. * Nice facility of transportation. * Suitable nature and environment. * Constant electricity supply. * Subsidized land.

In this way, the company is having ideal "Location", which allows the lowest cost

in production of product.

Business in domestic & international market

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Our mission continues to serve you in aspirations through our marketing team

aptly supported by dealer network all across India. We believe that Excellence is

linked with a total commitment to quality and service. We realize that the success

Depends of the reliability and so we shall always Endeavors to exceed your

expectations.

TURBO BEARINGS endeavors right from the initial stage of selection and

purchase of raw materials that are being exported to U.S.A..,U.A.E.., Spain, Egypt,

Korea, Brazil, Turkey, Sri - Lanka, Argentina, Germany, east Africa and many more,

thus U.S. earnings for the nation are creditable. Customer’s satisfaction by overseas

customers in Long term basis is recorded.

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ProductionDepartment

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INDEX

Production department:-

No. Particulars No.

1 Introduction. 142 Organization chart. 153 Product of the company. 164 Raw material. 195 Production process. 20

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INTRODUCTION

The production department of the "TURBO” Company is under

Pareshbhai P. Patel. Turbo bearings offer a wide range of bearings for industrial and

automotive applications. Our aim is to maintain the Best quality of our products by

using prime material and adopting latest bearings manufacturing technology with

sophisticated machines. We are improving our products by continuous research and

development activities in our plant.

Production department is mainly based on two main functions:

Planning:

Identifies when production will take place Estimates length of production Ensures raw material are delivered on time

Controlling:

Ensures production plan is being followed Maintains quality standards Monitors timescale

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Organization Chart

Managing

Planning

General

Production

Workers

Jr. Manager R & D Dept

Sr. Manager Quality Control

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Product of the company

We are proud to introduce ourselves, TURBO bearings as bearing

manufacturers in India. We are specialized in exclusive designing, developing,

manufacturing and marketing of all type of bearings.

TURBO bearings offer a wide range of bearings for industrial and

automotive applications.

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Use of the product

That is obviously true that most of the products, which are being

exported, will have some certain quality as per the international market. It is

compulsorily to provide good quantities goods with the best service supply.

TURBO BEARINGS has good domestic markets well as foreign

market. company always try to give best satisfaction to their customers generally

there is no any Big differents between domestic market and international market.

Difference will be there if the customers suggest.

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Raw material

Raw material and components:

Forged rings. Steel rings. Steel bars. Steel case. Steel brass cage. Steel rollers.

Purchase of raw material:

The supply of raw material should be frequent to the production and

TURBO company purchase raw material from abroad like:

SAE 52100 ALLOY STEEL, BARS (approved material form KALYANI STEELS, FECTOR AND MUSCO BIHAR ALLOY)

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Chart of production process

Ram material

Dispatching

Oiling

Packing

Assmbling

Grinding

Heat treatment

Forging

Super finishing

Annealing

Turning

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Productions process

In first process materials is shaped in required from by forging heat,

bearing and process in forgingplant.In forging stage races are made with 2 to 3

m.m.allowance for machines.

Forged rings are annealed in annealing furnace to get spheroids

homogeneous carbide structure. After proper annealing, the races are turned on lathe

machines. In turning process allowance is upon size of the bearing and parameter of

bearing. After turning process heat treatment is done.

Heat treatment is done on races. The heat treatment is done to harden

the material. After heat treatment the Materials maintained with 58 to 62 hardiness.

Further rings are super finish at race wage in minimize Frictional loss

and for smoother running ground rings are assembled with retainer & rollers in

assembling department. Assembled bearings one washed & oiled. Properly oiled

bearings are kept in pouch & corrugated box.

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MarketingDepartment

20

Index

Sr. pg.No. No.

1. Introduction. 242. Market Research 253. Pricing policy 264. Advertisement 27

5. Competitors 28

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Introduction

According to Philip kilter, "marketing dept. is a set of human activities directed at

satisfying need and wants through exchange process."

"TURBO" company’s marketing dept. is underjitendra. p. Patel. Company’s

marketing position is quite good. Company exports its products on national and

international level. Company delivered its product to the customers on their demand

and in decided Time. In today's era customer wants more and more facilities as well

as modernization.

Foreign trade or exports make a significant and necessary contribution to the economy

and the country’s development and particular in underdeveloped countries. it provides

a sound base for the country's economy. the rapid progress of underdeveloped

countries in the industrial filed is mainly due to their exports.

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Market research

In the filed of marketing channels of distribution Indicate routs or pathway through

which goods services flow or move producers to consumers.

TURBO BEARINGS PVT. LTD. sales their product by the channels of dealers &

selling it to he consumers. They distribute their product indirectly with the help of

dealers.

1. Turbo Bearings.

2. Distributor.

3. Dealer.

4. Retailers.

5. Consumers.

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Pricing policy

Pricing the product is one of the important elements in marketing mix. The exchange

value of

Product is called price. Pricing decision means decision of the determining price of a

product. When companies decide a price they have to take number of factor in

consideration like cost production, castoff distribution, transportation, advertising etc.,

demand and supply position in market. a price policy’s the standing answer to the

firm to recuringproblems of pricing.

In TURBO BEARINGS PVT .LTD.Top management takes prices mix

decision very carefully. it determines the price of bearings according to the industrial

trends. it gives 2 to 3% discount to the customer on cash payment and company

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distributes them price list also. Company has been providing best quality with

reasonable price to its consumer.

TURBO BEARINGS has an effective pricing policy both for domestic and export

product. they give more emphasis over the satisfaction of customersThrogh effective

price with the best qualitative product.

Advertisement

According to American marketing association; Advertisement is "any paid from

of non personal presentation and promotion ideas, goods or services by an identified

sponsor." Now day advertising has become an iseparable part of the business.

However the form of advertisement may differ from business to business it is a more

useful way of the communication between Products & consumers. Advertising is

done just for publicity. In short it is a backbone of modern marketing.

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Organization lender their advertisement in different ways. In small company

advertising is handled by sales on marketing department or by advertising

agency. In large company, there is its own advertisings department.

TURBO Company produces its product on Customers demand and the main

buyers of the Company's product are Indian Replacement Market and DEN

Market, So company directs gives Advertising material to customer of the

product for Which they demand and company do not use any media For

advertising, it is mostly done through Newspaper, Hoarding & Handbills.

Competitors

In the open market, there are various companies producing the products of some

kind i.e. bearing. So there are few companies in this particular filed which have

some kind of monopoly about their product.

There are a few companies of the TURBO bearings which are as follows:

1. Abc bearings co.

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2. Skf bearings co.

3. Mrc bearings co.

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FinanceDepartment

INDEX

Finance Department

SR. PG. NO. Particular NO.

1. Introduction. 31 2. Organization Chart. 32 3. Financial Planning. 33 4. Sources of Finance. 34

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5. Working capital. 35 6. Capital structure. 36

INTRODUCTION Finance management is that management activity which is concerned with

planning controlling of the firm's financial resources. Though it was a branch of

economics till 1890, as a separate activity or Discipline it is of recent origin. Since

it has no unique Body of Knowledge of its own and drawn heavily on economics

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for its theoretical concepts today.

The subject of financial management is of immense to both managers and

academicians. It is of Great interest to academicians because the subject is still

developing and there are still certain areas where controversies exist. The main

areas that are concerned in financial management are financial Planning, rising of

funds, forecasting of cash receipt & expenditures, use & allocation of fund &

financial control. We can understand from the above fact that all activities require

financial for their implementation. So we can say that " A Business takes money to

make money."

TURBO Company’s financial department is under pratapbhai. P. Patel. Company

financial position is quite healthy.

Organization Chart

30

Managing Director

ChiefAccoountant

Chief Acc.Officer

Assistant

Accoountants

Director

Financial Planning

Financial Planning is one the most important Function of financial department. At

the beginning of the work, the financial manager has to formulate the effective

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financial plans for the firm. The financial Manger has to make record of it & Study

the economic condition of the Unit.

Financial planning means deciding in advance financial activates to achieve the

objective of the firm. It plays an important role in every organization, .A proper

financial planning is present to avoid difficulty in future. The basic of financial

planning is Formal, informal, predict with compare to evaluate at firm earning.

In TURBO BEARINGS (P) LTD.., fiancé Manager is responsible for financial

planning. General Manger Mr. Modi is person who takes the decision about new

investment & look into the problem in International market etc. they use two types

of financial planning.

1. Long term financial planning. 2. Short term financial planning.

Sources of Finance

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Adequate sources of capital must be developed by every business concern for small

and medium size companies. The supply of capital is frequently a limitation on the

successful execution of many policies and programmers. A business run by a sole

trader or a partnership mainly relies on personal saving and to the business unit of the

owners, but further growth or expansion is severely limited for the want of additional

capital in case of all proprietary concerned. In case of company big Amount of capital

can be raised from a number of sources. Companies may be classified available to

Most companies may be clarified as under;

Owners. Long term creditors. Short term creditors.

In TURBO BEARINGS PVT. LTD. Major internal sources of finance are:

1. Self investment by promoters. 2. Reinvestment of profits. 3. Collection form friends & relatives.

External sources means to borrow funds from bank, financial institutions, etc.

company gets finance form oriental bank of commerce.

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Management of Working Capital This company has rs.3 cores working Capital. The breakeven point of this company is

11% financial or personally this company is very strong.

2001 122002 122003 12

2001 80%

2002 85%

2003 90%

CAPITAL STRUCTURE

1. AUTORISED CAPITAL

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Authorized Capital is also known as

Registered

Capital as it is Capital with, which company is registered or more pointed. TURBO

BEARING had 5crores authorized capital .Turbo bearing had not taken any loan from

bank or other subscribe. There is no liability now days for TURBO BEARING

PVT.LTD.

2. PAID UP CAPITAL Paid up capital is a capital in which company paid up

capital, when it needed. It is part of authorized capital company can not paid up more

than authorized capital. TURBO BEARING COMAPANY has a 3crores paid up

capital.

3. FIXED CAPITAL Fixed capital means the company fixes the capital.

TURBO BEARING COMAPANY hasRs. 20crores fixed capital.

4. WORKING CAPITAL This company has Rs 12croresWORKING CAPITAL. The

breakeven point of this company is 15% financial or personally, so company is very

strong.

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PersonnelDepartment

36

INDEX

Personnel department:

Sr. Pg. No. Particulars. No. 1. Introduction. 39 2. Organization chart. 40 3. Organization structure. 41 4. Recruitment & selection. 42 5. Training & development. 43 6. Wags & salary administration 44 7. Induction 45 8. Promotion and transfer 46

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Introduction

Personnel management is concerned with the Effective use of the skills of

people. They may be Salespeople in a store, clerks in a office, operators in A

factory or technicians in a research laboratory. in a Business, personnel

management starts with the Recruiting and hiring of qualified people and continues

With directing and encouraging their growth as they

As they encounter problems and tensions that arise in working toward

established goals.

In addition to recruiting and hiring, some of the Responsibilities of a personnel manager are: * To classify jobs and prepare wage and salary scales.

* To counsel employees.

* To deal with disciplinary problems.

* To negotiate with labour unions and service union

* Contracts.

* To develop safety standards and practices.

* To manage benefit programs such as group insurance,

* Health and retirement plans.

* To provide for periodic reviews of the performance of

* Each individual employee and for recognition of his or

* Her strength and needs for further development.

* To assist individuals in their efforts to develop and

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* qualify for more advanced plans.

* To plan and supervise training programmed.

* To keep abreast of development in personnel

Management.

Organization structure

Organization is group of working to gather with co - operation under authority

towards Achieving goals & objective that mutually benefit the Human

resources & the Unit.

TURBO BEARINGS (P) LTD Staff type of organization structure which

raters to

The frame work of relation of each employer to the other. The total number of

personnel working in TURBO BEARINGS PVT. (P) LTD. is as under:

Manager 05 Officer 20 Staff 15 Skilled worker 70 Same skill workers 45 Unskilled worker 20

With this much staff at the disposal of TURBO BEARINGS (P) LTD It

manages the medium scale Organization an efficient & economic Why. The unit

has a Good hold over the employees & the Management Of the employees is also

worth Appreciating.

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Organization Chart

40

Managing

Administration

General

Assistant

Personal

Joint MD

Recruitment and selection

Recruitment:

Recruitment & selection are the procedures which take place step by step in order to

fill up the

41

Vacancies in the organization recruitment are the most important function of

personnel department. it is a process of searching prospective employee &

stimulating & encouraging

Them to apply in the organization.

in other words we can say that recruitment means search of prospective employee to

sati job

Requirements. After the prospecting applicants right type of persons to match the job

is selected. The success of an organization depends largely upon the deem of skilled

& qualified workers who are chosen out of a number of applicants for the job.

Generally there are two types of sources forrecruiments:-

1. Internal. 2. External

In TURBO BEARINGS PVT .LTD.they have believing & applies the internal

source of

Recruitments because there argue is that internal process is more effective then the

external process

Training and development

42

Training is the organized procedure by which people get knowledge & skill for

definite purpose. After having selection the most suitable persons for the organization

by the application of scientific techniques the next important function of the personnel

management is to arrange for their training& development programmed. Training

implies activities that teach employee how to perform their present jobs better.

There are two method of training:

1. on the job training.

2. off the job training.

Training is on important aspect for unit to increase its production capacity. Here in

TURBO

BEARINGS PVT. LTD. apply only one method of training & that is on the job

training method

In this company, the selected candidates are tainted, the time is generally one year in

this unit,

The candidates are not sent outside for training. Althea necessary training is given

within the premises of the company. in the initial stage, the candidate has to observe

the working of the unit of his respectivefileld under his head. After training is over,

he has-been placed at the job.

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Wages and salary administration

Wage & salary administration refers to the establishment & implementation of sound

policies &practices of employee compensation.

TURBO BEARINGS PVT.LTD. Pays wage &salaries to the employees as per their

rules:

Wage:

"Wage means the amount paid to the labor for his service of hourly, daily, weekly or

for highly."

Salary:

"The term salary defended as the remuneration paid to the manager, personnel on the

Monthly on yearly basis."

Here in TURBO BEARINGS PVT.LTD. There is much better relation between

management &workers. They provide very much appropriate financial indication to

their employees."

The total salary of the month is paid off at the end of that month, any worker can

withdraw half of the amount of his salary once in a month

44

.

Induction

After the selection process is completed, the applicants fit for position which is

vacant, is given an appointment letter when the new comer joins

theorganization.induction means the introduction of any employees to the

organization by giving him all possible information about the history of the

organization and by introducing him to superior subordinates.

"TURBO BEARINGS (P) LTD also undertook the induction procedure information

about the employees to the new comer. he is given information about duties and

responsibilities, rules and regulations of the organization, procedure, etc...

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Promotion and Transfer

Promotion:

Promotion is a term which covers a change and calls for greater responsibilities,

which involve better terms and conditions of service and therefore a high status or

rank. in company, after sometimes workers gets grip on some kind of work, then they

become skilled in tear-filled works. Promotion is given to workers according to their

skill and efficiency, after some experience, they at the time are also rotated to another

work, soaps to get change in deferent work.

Transfer:

Every organization should have a just an impartitalpolicy, which should be known to

each employee. The responsibility for transfer is usually entrusted to an executive wit

power to prescribe the condition under which requested for transfer is to be approved.

Transfer may be a reward or a punishment transfer. it can be production transfer,

replacement transfer, veracity transfer, shift transfer or remedial transfer.

In this firm, generally workers are transferred form one shift to another, if required.

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Future Plan

47

Future Plan

The product of Turbo Bearings has a very good Potential in the Indian market and

abroad on account of unique features. The company process to encourage its

production capacity of bearing 10 times to meet the increased demand. The company

process to establish a new unit with sophisticated machineries, R & D department and

with other manufacturing infrastruments facilities.

The company has also looks forward to enlarge its Expert market. The company also

proposed to provide An excellent after sales service to customers, which will ensure

the popularity of the product and increase sales.

The market place is becoming more competitive, more complex and global with year

passing, recognizing this situation; the company has been moving firmly in enter

selected new Market with promise for significant growth in future. it has set eyes in

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well - reputed renewed manufacture of Italy to take technical assistance from them.

The company is anticipating the consumers rising need for best quality national and

even globally, so it is spreading its network its network its network rapidly.

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Conclusion

Conclusion

From the foregoing discussion it can be concluded that the firm owns considerable

status in internal as well as in international market. it is highly significant that it has

grown with the help of its power and without any collaboration. it has been successful

in maintaining high standard quality. I have go a very positive and co- operative

response frame everyone at TURBO BEARINGS (P) LTD. the company has latest

levels of management so they do not have strict about union and I.e. credit to the

company.

All the workers have joined hand for achievement of industry. The success of their

industry is the Result of efficiency of management efforts of employee and his good

Co - ordination.

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As there are less bearing industries with latest Technology, tackle demand of

bearings parts, it gives an opportunity to "TURBO BEARINGS PVT. LTD." Or

having their excellent performance in near by future.

.....

51

Suggestion

Suggestions

From my point of view, there is no strong suggestion but i am saying to the turbo

bearings Pvt.Ltd.

The area where "TURBO" company situated is not enough for company's

production and for storage, so they should expand for it.

Secondly. They are not advertising their product by any media. I think that to

52

achieve their goal (i.e. expansion of business), advertising is the best way to make

a good image in the market.

Hence after all whatever they are doing, are their best efforts? I need not suggest

any more

Improvement measures on my side, as itself is well- Organized industry and will

surely move ahead in Future.

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Bibliography

Bibliography

During my industry visit to TURBO BEARINGS (P) PVT. LTD. Following

websites are helpful to me:

For basic information and company's website:-:

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* WWW. TURBOBEARINGS. COM

* WWW. MANAGEMENTFIRST. COM

* Marketing management:

PHILIP KOTLER

* Finance management:

P.V.KULKARNI

* Personnel management:

C.B.MAMORIA

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