EXECUTIVE SUMMERY Company training is an integral part of the MBA programme which commences in the month of May- June

for six weeks. For a management student this period of summer training is the most wonderful experience.The objective of this exercise is to get a first hand exposure to the corporate world and devlop our managerial skill. The summer internship programme gives us opportunity: To implement management theory in to practical life. To get necessary skill of complete leader. To understand complexities of organizational life. To become aware of our strengths & weaknesses as require for future managers.

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PROJECT AT GLANCE

Table No.1 Project at Glance

Name Rajhans Metals Private Limited

Location

21/3, G.I.D.C. Shankar Tekri, Jamnagar 361004. India.

Product

Brass Extrusions

Annual Production

9000tones

Workforce

275

Share Capital

54,00,000

Establishment Year

1988

Net sales of the year 2009-10

1,78,54,14,121

Investment in Plant & Machinery

Below 1.5 crores

Factory Area

50,000 sq. fit

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CHAPTER- 1

SECTION - 1

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INTRODUCTION India is highly famous for the house of brass products in all over the world; particularly Jamnagar is famous for its quality brass product in the world. There are so many brass part firms situated in Jamnagar. Rajhans Metals Pvt. Ltd. is one of leading & Asias number 1 brass manufacturing companies situated in Jamnagar. Rajhans is the biggest manufacture of solid Brass Extrusion in India. Company is widely spread in all over India. It has adopted Total Quality Management system and they are an ISO 9001: 2000 registered Company. In the Rajhans Metals, the manufacturing department is totally automated. They have adopted all the latest technology for their day-today production of brass extrusions rods. Company is also paying their utmost attention to the marketing department. Company has always adopted various advertising activities and sales promotion tools to increase their sales. Company is also efficiently handling the matters of the personnel. They find the solutions of all the grievances very efficiently. Thats why there had been not a single strike in the history of Rajhans Metals. Now as far as finance department is concerned, it is headed by the MD himself, Mr. Milan Dodhia. He is very efficient in the financial matters of the company. The financial department works on the concept of MBO. They set the targets in advance and then plan accordingly to

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achieve the targets. For this they prepare various statements like Cash Flow statement, Ratio Analysis, etc. HISTORY & PROFILE The concept of manufacturing Brass extrusion was first introduced in Jamnagar in the year 1982 by M/s. Rajlaxmi Metals Private Limited, our Parent Company. It was started by Mr. D.D. Nagda, who was the honorable proprietor of the company. With the fast acceptance of Brass Extrusions for component manufacturing, a more advanced & sophisticated extrusion plant was established in the name of M/s. Rajhans Metals Private Limited in the year 1988. Over the years, Rajhans has emerged as one of the leading manufacturer of Semis/Extrusions and Ingots of Copper Alloys. With a firm determination to be better among semi's manufacturers, through total dedication to the work and strict adherence to fair business ethics, Rajhans has achieved impressive growth. Today, we can take pride to have a highly talented and motivated work force with a negligible mobility and a very vast & permanent customer base spread not only over the entire length and breadth of the country, but overseas too.

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LAYOUT OF RAJHANS METALS PRIVATE LIMITED FACTORYBUILDING

ADMINITRATION OFFICE

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LOCATION
REGISTERED OFFICE: 3, Shily Industrial Estate, S.V. Road, Goregaon(W), MUMBAI 400 062. INDIA. Tel Fax Email : (022) 28751713, 28752280 : 91-22-28743477 : info@rajhans.com

ADMINISTRATION OFFICE: 21/3, G.I.D.C. Shankar Tekri, JAMNAGAR 361004. INDIA Tel Fax Email Web Site : +91-0288-2560111, 2560113 : +91-0288-2560114. : info@rajhans.com : www.Rajhans.com
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LOCATION CHART

Chart No. 1: Location Chart

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MANAGING GROUP List of directors of Rajhans Metals Pvt. Ltd. as on April 1, 2011:1. Milan C. Dodhia 2. Jasmin J. Dodhia 3. Kailashchandra Mandovala 4. Sonil R. Shah 5. Mohanlal Savla BANKERS 1. STATE BANK OF INDIA DIGVIJAY PLOT BRANCH, JAMNAGAR. 2. HDFC BANK AUDITORS M.P. SARDA & SARDA ASSOCIATES. Mr. DILIP H. VADODARIA. JAMNAGAR. SOLICITORS Mr. Narendra V. Vyas
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TYPES & FROM OF ORGANISATION TYPE OF THE UNIT

1. Small Scale Unit

2. Medium Scale Unit

3. Large Scale Unit

Chart No.2 Type of the unit The size of the unit depends upon three factors they are as given below: 1) Capital investment made by the company. 2) Manpower engaged by the company. 3) The utilization of power by the company. The Authorized Share capital of the Rajhans Metals Pvt. Ltd. is worth Rs. 1 Crore and its Issued share capital is worth RS. 54,00,000. and Manpower engaged by the company is 200 employee include both Administrative and Production. Thus we can say that the Rajhans Metals
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Pvt. Ltd. comes under Small Scale Industries. The production capacity of company is 20 tons approximately per day. FORM OF ORGANIZATION
SOLE PROPRITORISHI P FORM OF ORGANISATION PARTNERSHIP FIRM PRIVATE LIMITED JOINT STOCK COMPANY PUBLIC LIMITED

Chart No.3 Form of Organization Rajhans Metals Pvt. Ltd. is a Private Limited Co. whose capital is distributed among its promoters and directors.

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ORAGANISATION CHART

Chief Accountant (Mr. Bharat Kundaliya)

Chart: 4 organization chart

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GENERAL ORGANIZATION STRUCTURE Organization chart is a diagrammatic form which shows important aspects of an organization, including the major functions in their respective relationships. It provides a birds eye view of the relationships between different departments or divisions of an enterprise as well as the relationship between different executives and subordinates at various levels. Rajhans Metals follows following type of organization structure in their regular working relationships. OBJECTIVES OF THE COMPANY Every organization needs to set up specific and well-defined objectives to be successful in the competitive business environment. Establishment of the objectives is not only restricted to the overall company but at the same time the objectives of the individual department and individual employees as well as workers must also be well-defined. This will ensure the co-ordination in the achievement of the overall goals of the company. Lets see what are the objectives of the Rajhans Metals Pvt. Ltd. have, Strive for the continual improvement in the quality through application of the best and latest technology in quality up gradation.

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 To attain a level of customer satisfaction with maximum customer loyalty by giving value for money, in timely supplies and solving customer complaints to their satisfaction. To establish the highest standards of business ethics through fair business practice. To have best possible co-ordination among personnel of different departments and has a family sort of working atmosphere. Building highest level of employee motivation through their involvement in decision-making process and through appreciation of their efforts. MISSION & VISION We have seen the different objectives that the company has set to achieve in its business operations that are of short term period. But, at the same time if the company wants to achieve success for a longer period of time, it has to establish its mission and vision, these statements refers to the longer working environment of the company. Same way Rajhans has also determined several Mission and Vision for the development of business operations. They are, To manufacture and supply consistently right quality Brass Extrusions, enhancing customer satisfaction by meeting their requirement at competitive price. To understand and fulfill with quick response to the changing needs of the customer from time to time.
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 To continually improve upon the manufacturing processes & work environment through total employee involvement. CONTRIBUTION OF UNIT TOWARDS INDUSTRY/ SOCIETY The product manufactured is industrial raw material i.e. it is an input for brass components manufactures. Since extrusions are better options compared to traditional cast metals the unit Rajhans is involved in the improvement of the quality of brass components being manufactured in India. The overseas markets always require good quality brass parts and only if the parts are manufactured out of extrusions one can guarantee quality. ENVIRONMENTAL POLICY Environment policy is maintained by keeping workers feel in the best condition. Basically the industry is such that there is emission of fumes gases etc. but company has installed fume arresters at a substantial cost just to provide with good working condition in the foundry. They also use dilute form of acids in some of processes but the same is being discharged after denaturalization (drainage). Gujarat pollution control boards norms are implemented concerning air and water discharge. A good working condition to the neighbors as well as environment of the factory premises is kept homely.

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ASSOCIATES Parent concern: Rajlaxmi Metals Pvt. Ltd., Shed No. b/50, GIDC Udyognagar Jamnagar. 361004. Undertakes the job work of those extrusions of smaller size which can not be done at Rajhans. I.e. Below 10mm Diversified concern: Vaibhav Paper Boards Pvt. Ltd. Plot no.1810/1811, GIDC, Vapi-396 195. AWARDS CENTRAL EXCISE AUTHORITY --------- Nominated for Sanman --------For the excellent growth in Central Excise Revenue in Small Scale Industries Units.
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 ALL INDIA EXPORT AWARD BY EEPS INDIA IN THE YEAR 2007-2008. FUTURE PLANS It is always believed that the organizations must not satisfy with their current level of operations. At every point of time they must planning for future expansion of the operations. This expansion can be of any type. For instance, increase in sales, establishing a new unit, increasing the product line, producing the different varieties of the products, etc. For all these expansions, the first and foremost thing that needs to be taken care is the development of future plans for the expansion. Planning of future expansion holds very important when the level of risk is very high in the industry in which the expansion is to be carried on. Thus, the management must pay the at most attention to the future plans to avoid big losses in making investments in a very huge projects. Rajhans Metals has also established its future plans. It has planned to produce Brass Sheets, Special ingots, etc. in the near future as the demand for such products has increased a lot in the local markets.

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One of the recent future plans of Rajhans Metals is to develop their new venture, Rajhans Alloy Pvt. Ltd., which is incorporated in the year 2009. Production at Rajhans Alloy Pvt. Ltd. was started just now, perhaps before 8 to 10 weeks from July 2011.

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SECTION - 2

Figure No. 1: Brass Profiles

Figure No. 2: Brass sections

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INTRODUCTION The term Production refers to the creation of goods and services to satisfy the needs and wants of the consumers. The production process is nothing but the step-by-step conversion of material from one form to another. It is the process comprises of various inputs and then these inputs are processed to convert them into required form of output. Here, the inputs can be Men, Material, Money, Machines, etc. Whereas the final outputs can be in the form of tangible goods or intangible goods. Production department is the most vital aspect in a set of organization because the success of the industry depends upon the targets that are fulfilled by the production department. Thus, it is essential to develop a production structure in the industry. PRODUCT PROFILE We manufacture Brass extrusions in confirmation to different standards like IS, BS, DIN, ASTM etc. these Brass extrusions finds application in the manufacture of various items like Shafts, Lock bodies, Gears, Pinions, Automat parts, Screws, Nuts etc. some of the leading and quality conscious manufacturers of Brass components engaged in industries like Engineering, Electrical, Automobiles, Building hardware, Sanitary ware etc. rely with confidence on railways for their requirement of extrusions.
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In house facilities like standby power Generators, fully equipped Die shop and engineering workshop, efficient Fume Arrestors etc. helps to have a better control over the processors and establish an environmentfriendly work atmosphere. We have adopted Total Quality Management system and we are an ISO 9001: 2000 registered company. ORGANISATION STRUCTURE

PRODUCTION MANAGER ASSISTANT MANAGER

QUALITY CONTROL MANAGER

PRODUCTION SUPERVISOR LEVEL 1 LABOUR LEVEL 2 LABOUR

Chart: 5 Managerial hierarchy of the production department .

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PLANT LAYOUT

Chart: 6 Layout of the plant and Machineries in the organization. PRODUCTION PLANNING AND CONTROL Production Planning & Control is one of the most important areas of operation manager. PPC function looks after the manufacturing activities of the firm. It comprises of various functions like, Planning, Routing, Dispatching, and follow up in the manufacturing process so that the movements of materials, performance of machines and operations of the labour, are directed and co-ordinated as to required quantity, quality, time and place.

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In short, PPC can be defined as, The direction and co-ordination of firms resources towards attaining the prefixed goals. In Rajhans Metals, functions like PPC are performed with great care. In the company, first of all the planning is carried on regarding product design, process design, flow design, then the activities like resource planning, process planning, scheduling , dispatching the orders, etc. are carried on. And then at the last, the inspection and evaluation of the production activities are carried on. SOURCES OF RAW MATERIALS Raw materials plays an important role in the life of production process. For any factory there is a need of row materials because without the raw material it is just imposible to start production process. In Rajhans Metals Pvt. Ltd. also, raw materials plays a very important roles. Various raw materials used in the production system of Rajhans are as under. Table No.3 LIST OF RAW MATERIAL
No. Material Purity Sampling Plan 1 BRASS SCRAP (HONEY) 96%Brass(min).Dust, Iron, Not Heating done to be Testing Process

Steel, & Plastic should not be required exceed by 4%

manually,

after sorting the whole lot, purity to be ascertain

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randomly. 2 COPPER SCRAP (MIX). 3 LEAD 98.50%Zn(min), 00.20%Fe(max), 1.50%Pb(max). 1 for tones. Dust should not exceed by Randomly 2% Sorting to be done manually & dust to be ascertained. sample Tested 1.5 electrolysis process. by

Raw material of Rajhans is imported from European countries, Middle East countries and as well from the USA. MANUFACTURING PROCESS

Sorting & segregation is done in raw materials for clear brass and rets of mixed metals are broken.

Figure no. 3 sorting and segregation In above picture of Rajhans, workers are busy in sorting the raw material.

Zink is procured from Hindustan Zinc for proportion mixed in pure brass.

Figure no. 4 Zink

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There 4 furnaces in Rajhans. Raw material poured in foundry for molting.

Figure no. 5 Furnaces During this molting process, mud and water are mixed, so to remove them, flux is poured and all the fumes are easily removed by fumes arrestors. So that workers can work in a better condition. From furnace molten brass is poured into water coded jackets to cool it. All the furnaces are hydraulically filed billets are formed from jacket, which are lifted with lift. Billets are cut into pieces & before casting, testing is done in laboratory. There are two electro photo spectrometers which check the chemical composition of metals with precise accuracy. Theses billets are cut in to pieces by cutter machine. Then they are marked with different heat number. To do extrusion billets are preheated 650C-700C by automatic billet feeder in pre-heating furnace.

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Then red-hot billets are put into Extruder where extrusion takes place. Pressure applied is 600 tones. There are 16 holes and it brings out desired shape. As the diameter decreases, length increases. Figure no. 6 Extruder machine PICKING PROCESS It is done to remove the oxide layers, which is generated after extrusions. Delta sulphuric acid is used for this process, Then cleaned in pure water. POINTING It is done by sorting the width of the end, which is done for cold drawing. COLD DRAWING It is done to get the actual size, final dimensions and final finish. It is passed through Dies of CARBIDE as are of long lasting life. Drawing compound Drawing mat is used to keep rod and die cool. Here scrapping is not done but cold drawing pressing is done. Two process lines are there. Heavy duty above 1st and 2nd up to 1 inch. Rod size is from 2mm 100mm.

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FRACTURE TESTING It is done to remove blow holes. Fractured metal are again melted. It is cutter still blow holes are not present. Cut half then hammered manually if it is of blow holes it is easily breaks. STRAIGHTNING PROCESS: Straightning is done by different rollers, square, hexagon, six straightening machines are there. REALING PROCESS: It is possible only on round rod to have a very fine finish on the surface. 7 realing machines are there. Up to 50mm. above is done in extrusion. INSPECTION: It is done for final dimension checking. Inspection report is made. It is weighted and then it is ready for dispatch. Each and every bundle has tag, where size, weight, piece and bundles are mentioned. Weighing machine is digital named ATCODIGI. In one furnace daily 10 heats are done. Six billets are made. Rod sizes are up to 30 ft. MARKING: It is done according to different heats.

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IN-HOME DIE SHOP: Here CNC machine is installed. It is called CNC wire cut machine. The wire is of brass where high intensity electric current is passed. It cuts the dye according it shape required. It is fully Computerized programmed. Cording it shape required. It is fully Computerized programmed.

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PROCESS FLOW CHART

Brass Scrape (Sorting) Segregation Melting furnace Production Of Billets Billets cut into smaller length

Pre-heating furnace
Extrusion press Brass rods (as extruded) Pickling End pointing machine Rod with Pointed ends Cold drawing for final finishing Straightning annealing Testing Inspection Brass rods ( final products)
Chart No. 7 Process Flow Chart

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MACHINES USED IN PRODUCTION 1. HYDRAULIC OPERATED EXTRUSION PRESS machine is used to draw the extruded brass rods. 2. ROLLING MACHINE is used to decrease the level of diameter of Roads. 3. DRAWING MACHINE is also used to draw the roads to decrease the level of diameter. 4. STRIATING MACHINE is used to make the roads straight after drawing them in drawing machine. MACHINES INSTALLED: Two Pulveriser, Four furnaces of 800(+) kg. casting. 7 Drilling machines, 6 straightening machines. WORK SHOP Machine is repaired in house. Spare-parts are maintained for time management timely putting supplies. DISPATCH DEPARTMENT Daily manufacturing and daily dispatch. STORE It is maintained in two registers that is purchase order register and issue register.
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Purchase order: Department wise requirement of process dept., Foundry dept., Press, dye section, workshop, laboratory are maintained in it. Order is followed by office, which is given to suppliers, which is entered in receiving register. After than it is issued to following department payments is done to suppliers within 1 to 10 days of the month. Till then on approval bases. Ratio of purchase is on the base of order level and stock level. Following are the things, which are needed in the various departments and which are needed to be stored. 1. Hand gloves leather: press users, foundry. 2. Cuprit block: foundry to have less slag. 3. Insulation bricks: foundry for wire surfaces. 4. Mould: foundry for billet surfaces. 5. Gunny bags : packing 6. Luggage label : tagging 7. Plastic threads : packing 8. Hand gloves rubber: acid works. 9. Chemical black ink: marking. 10.Colors: red, green, yellow, black, etc. 11.Chalk sticks to write daily requirements on black board. 12.Hexo blade (14/1, 10 T.P.I. of high speed steel). 13.Thermo couple: foundry for measuring temp. 14.Daily furnace oil: press use.
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15.Karachi with hole: to remove slag from molt. 16.Cutter: for cutting roads of 15mm, 20mm. QUALITY CONTROL DEPARTMENT Quality is the prime word at Rajhans and all the products are tested, to ensure uniform quality at all levels. The company has various instruments to check the quality of the product at various stages, like, Chemical testing, in the sense of purity at the time of incoming of raw material. Hardness checking instrument is used to check the hardness during the process. Tensile Tester is used to check the tensile strength and Bend Tester is used to check the flexibility or crackness of products during process. Venire/Micrometer is used to check the dimensions at the time of outgoing materials. After all these checking instruments, the last and the main instrument are Spectrometer. It costs near about Rs. 35 lakhs. It gives result in just 20 seconds. It is used to check the quality of the right mixture of melted raw materials. Rajhans has also adopted the Total Quality Management system and they are also an ISO 9001: 2000 registered company.

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Figure no. 7 Universal testing machine

Figure no. 8. Electro spectrum meter

This machine is found out the following elements.

Cu (Copper) Sb ( Antimony) Bi (Bismuth) Al (Aluminum) Mg (Magnesium) Zn (Zinc) S (Sulphur) Si (Silicon) Pb (Lead) Ni (Nickel) Sn (Tin) Cd (Cadium) Fe (Iron) As (Arsenic) Mn (Magnese) Cr (Chromium) P (Phosprous)

Tested samples are kept for 2 or 3 months for back track.

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SECTION - 3

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INTRODUCTION Marketing is a social and managerial process by which individuals and groups obtain what they need and want by creating, offering and exchanging the products of values with others. Simple meaning of MARKETING is satisfying consumers needs & wants in a profitable way. RAJHANS METALS PVT. LTD. Supplies high quality goods and services to its customer to meet their daily needs. In doing so, the company is committed to exhibit the highest standards of corporate behavior towards its consumers, employees, the societies and the world in which we live. Marketing is a service from the producer to the ultimate customer. It is a comprehensive term which involves all resources and a set of activities necessary to facilitate the flow goods. Marketing activities are necessary for any type of product because it covers all the business activities necessary for ascertaining market demand planning, product availability and effective transfer of ownership of the product. Physical distribution and sales promotion are also involved in marketing. The company has good Intranet facility for the distribution of the goods to the other sates of the country and also in other countries.

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ORGANISATION STRUCTURE In Marketing Department of the Rajhans Metals, the work is carried on in the specific order of authority and responsibility. That is in turn known as structure of the department. Following is the hierarchy of Marketing Department of Rajhans Metals Pvt. Ltd.

Hierarchy of Marketing Department:

Board of Director Marketing executive Supervisor Salesman

Chart: 7 Managerial hierarchy of the Marketing Department.

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MARKET SEGMENTATION Marketing segmentation is the task of sub dividing a market into distinct subsets of customers where any subsets may conceivably be selected as market target to be reached with a distinct of marketing mix. RAJHANS has identified different market segmentation based on the use of their products. The products of the company can be used by different target market in the different ways. For instance, Engineering Industry Electrical Industry Government and Semi-government suppliers, etc. Watch Case industry Sanitary Parts Exports Agriculture (Sprinkler System) Forgings Brass Builder Hardware PRICING POLICY Price can be termed as the amount of money charged for a product or service or idea. Pricing for the product is a crucial element of marketing mix. On the one hand it is a complex mechanism and on the other it is simultaneously a strategic element as it is related to the perception of
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quality. Without price there cant be marketing. Price denotes the value of a product or service expressed in money. The most important task of any business is to decide about the pricing policy for its products. There are so many pricing techniques used in todays business activities. For instance, Cost-Plus Pricing Mark-up Pricing Break Even Pricing Skimming Pricing Penetration Pricing Return on investment Pricing, Competitors Pricing Policy etc.

RAJHANS PVT. LTD. follows the simple strategy of fixing the price of its products. It considers two factors in its mind, i.e., Cost of products and the competitors prices, at the time of fixing the price. That means it takes into account two of the above pricing policies that are, Cost-Plus Pricing policy and Competitors Pricing policy. CHANNELS OF DISTRIBUTION In the field of marketing, channels of distribution indicate routes or pathways through with goods and services flow or move from producers to consumers. It involves set of inter-dependent marketing institutions participating in marketing activities.
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There are various types of distribution channels through which the producers can move the goods to end users. For instance, Manufacturer to the Consumer Manufacturer to the Wholesaler / Retailer to the Consumer Manufacturer to the Wholesaler to the Retailer to the consumer Manufacturer to the Agents to the Wholesaler to the Retailer to the Consumer.

Rajhans has a well established distribution channels. It has wholesalers, distributors, small users, etc. Distributor

Wholesalers

End Users

Chart: 9 Channel of distribution of Rajhans Metals Pvt. Ltd.: TRANSPORTATION In todays world transportation has become one of the most important tools of marketing in the business organization. It helps in many ways. Without proper transportation organizations cannot make available its goods on time market.
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There are various types of transportation modes available in our country, like, shipping transport, road transport, railway transport and also the air transport. Organizations can selects any of the above transportation modes to move their products from the factory to the stores department and then to the end users. RAJHANS METALS PVT. LTD. uses the road transport for the delivery of goods in domestic market and uses shipping transportation for the sale of the products for the overseas markets.

ADVERTISING
Advertisement is one of the major promotional tools available to the organizations to increase their sales. It plays a vital role in making awareness about the products of the company to the customers. A properly designed advertisement not only increases the sales of the company but also creates a good image of the company in the minds of the customers. The term advertising can be defined as the paid form of non-personal presentation of ideas, goods and services by an identified sponsor. It includes visual or oral message. There are various forms media through which the organizations can advertise themselves. For instance, Outdoor Publicity, Media Publicity, Audio-Visual Publicity, etc.
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RAJHANS METALS has also advertised itself for promoting the sales of the products. It gives the advertisement of its products in the industrial magazines, in the business newspaper, also in the telephone directory. This is about the Print media advertisement. It also advertises through internet. It created its own website named www.rajhans.com. SALES PROMOTION Sales Promotion consists of a diverse collection of incentive tools, mostly short term, designed to stimulate quicker or greater purchase of particular products or services by the consumers or the traders. Sales promotion moves product towards the buyer, while advertising moves the buyers toward the Product. Sales promotion is carried out for customer patronage (support) future it is carried out for, 1. Rajhans carried out sales promotion activities as to call attention towards new product and product improvement. 2. The second objective is to inform the buyers about the real brand. 3. To improve the market share of its product. Rajhans gives discount to its customers on big amount of order as a sales promotion. It allows both the discounts, i.e., Trade Discount as well as Cash Discount. Many a times it also allows credit period to the customers to increase the sales of the firm.

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SECTION- 4

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INTRODUCTION In todays economy, finance is defined as the provision of money at the time when it is required. Every enterprise whether it is big, medium or small they need finance to carry on their business. In fact, finance is so indispensable today that it is rightly said that it is the lifeblood of an enterprise. Without adequate finance, no enterprise can run possibly its business activities. Finance management is concerned with the procurement and use of funds. Its main aim is to use of business funds in such a way that the earnings are maximized. The main objective of a business is to maximize the owners economic welfare. This objective can be achieved by profit maximization and wealth maximization. ORGANIZATION STRUCTURE

Finance Manager Assistance Finance Manager Accountant Clerk

Chart: 10 Managerial hierarchy of the Finance Department.

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WORKING CAPITAL CYCLE OF RAJHANS

Debtors / Receiva bles Cash Finishe d Goods

Raw material

Work in progress

Chart No.11: Working Cycle FINANCIAL PLANNING The term financial planning is made up of two words, that is finance and planning. Finance refers to the monetary aspects of the firm while the term planning refers to the deciding in advance what is to be done, who is to do it, when it will be done, how it will be done, etc. In the combine sense, the term financial planning refers to the deciding in advance how much funds will be required in the firm, from where they will be acquired, how efficiently they will be utilized in the firm, etc. Thus, in short, we can say that a successful businessman will be that only who can plan its financial position efficiently. A slight mistake in the planning of financial activities can ruin the business. All the profits of the enterprise may be wiped out by the improper planning of financial activities.
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In financial planning, major activities are determining the requirements of the total finance in all the departments. Then the very next step is to determine various sources from where the funds can be acquired. A proper care must be taken while selecting the sources of finance as it can increase the cost of capital. Same thing is true for Rajhans Metals Pvt. Ltd. too. The financial department is headed by Mr. Milan Dodhiya. Now for planning the financial activities, he first of all determines the requirements of all the departments and then he has selects the sources of funds to fulfill needs of all the departments. He not only plans for long term but also plans for long period of time. CAPITAL STRUCTURE Capital structure describes various kinds of securities with proportion. Rajhans has a simple capital structure as it has issued only one kind of security, i.e., Equity Shares. It has got its capital through equity shares only. The capital structure of RAJHANS METALS PVT. LTD. is as follows. AUTHORISED CAPITAL:1, 00,000 equity shares of Rs. 100 each ISSUED, SUBSCRIBED AND PAID UP CAPITAL:54,000 equity shares of Rs. 100 each.(fully paid up) 54, 00,000
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1, 00, 00,000

MANAGEMENT OF FIXED CAPITAL The selection of various fixed assets is required to create the desired production facilities. However the decisions relating to fixed assets involve huge funds for a long period of time and are generally of irreversible nature affecting the long term profitability of a concern, an unsound investment decision may prove to be fatal to the vary existence of the organization. Thus, an organization should have vital importance for its management of fixed assets. PROCESS OF FIXED ASSETS MANAGEMENT INVOLVES:1. Selection of most worthy projects or alternatives of fixed assets. 2. Arranging the requisite funds/ capital for the same.

Rajhans Metals Pvt. Ltd. has the Fixed Assets worth Rs. 4, 16, 16,626. MANAGEMENT OF WORKING CAPITAL Working Capital Management : In accounting, Working Capital is the difference between the inflow and outflow of funds. It is defined as the excess of current assets over current liabilities and provisions. Net Working Capital = Current Assets Current Liabilities

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SECTION - 5

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INTRODUCTION Human resource management is the direction and coordination of human relations in the business organization. Thereby obtaining maximum production with minimum use of physical and mental effort of labour force. Human resource management is the process of acquiring, training appraising, and compensating, and of attending to their labour relations, health and safety, and fairness concerns. At Rajhans, the Human Resource Department is very effective. Most of the work of the company is related with workers, working over there so, it looks after the needs and desires of every employee. It believes that a satisfied worker is an asset of the company. ORGANIZATION STRUCTURE

Personnel manager Clerk

Employees

Chart: 12 Managerial hierarchy of the human resources Department

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TIME KEEPING SYSTEM

For knowing the appropriate time of the arrival & departure of the personnel, Rajhans used to keep a note. The note represents the date, name & exact time of the personnel along with the signature of personnel. Normally there are two shifts in Rajhans: Table 5: First shift Second Shift 8:00 A.M. to 8:00 P.M. 8:00 P.M. to 8:00 A.M.

MAN POWER PLANNING The success of an organization depends largely on the quantity and quality of its human resources. No organization can be successful in the long run without having the right number and the right kind of people doing the right jobs at the right time. Procurement of the right kind and right number of personnel is the first operative function of human resource management. Before selecting the right man for the right job, it becomes necessary to determine the quality and quantity of people required in an organization. This is the function of human resource planning or manpower planning. In short, Manpower Planning can be defined as The strategy for the acquisition, utilization, improvement and preservation of an
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organizations human resources. It is aimed at coordinating the requirements for and the availability of different types of employees. In Rajhans too, the directors of the company along with the head of the personnel department, decides about the numbers of employees as well as workers required to carry out the required work and also that of the right quality. So that the work can be carried on very efficiently and effectively without hampering to the quality of the work and as per the planning that has been carried out in advance. RECRUITMENT POLICY It is essential that the right man should be recruited for the right place at the right time in right time. Therefore recruitment has been regarded as the most important function of personnel department. The best recruitment procedure is good for the development of the organization. A proper employee is selected through proper and good recruitment policy, so that employees, organization and the country are benefited. For this the main activity to be followed is to find out various sources of the supply of labour forces. In short, we can say that Recruitment is the process of searching for prospective employees and stimulating them to apply for the jobs in the organization. These are the various sources of labour supply in the market.

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Past employees Internal sources Employees refferal

Job transfer Sources of labour supply

Advertisem ent Campus interview Pvt. & public exchanges Factory Gate notice Employees of rivels Job contractors

External sources

Chart No.13: Source of labour supply SELECTION PROCEDURE After getting the right sources for recruiting the right personals in the organization the next main important step of the personnel manager is to decide about the right kind of selection procedure to ensure that the right kind of personnel is selected for the right place. Different companies use different procedure to select their employees. Generally, selection procedure is comprised of various steps, starting from the receipt of application from the candidates ending to the final induction of the selected employees on the place for which he has been selected.
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Just like this, Rajhans Metals, selects its employees with necessary skills. First of all they invite the applications of required qualifications for the required post. Then the educational background of the candidates is checked out. Whether he or she is fit for the job or not. Then the next step is to take the interview of the candidates those who have applied for the job. And at last after getting the referral of the past employers of the candidates they are exposed to the medical treatment and induct to the place for which they have been best selected. Table: 6 Selection criteria in Rajhans Metals Pvt. Ltd.
Category Employees Laboratory Chemist of Basic Qualifications B.Sc. Min. 5 Years in Computer literate, Handling Spectrometer Chief Accountant Chartered Accountant 10 Years In Knowledge of taxation, Company Law Administrative Officer B.Com. 5 Years as Accounting Handling Dept. / Administrative / Computer / Banking Sales Executive B.Com. 5 Years in of Sales, Computer Sales Sales Tax / of Experience Special Skills

Metallurgy Industry

Accounting / Taxation

Knowledge Tax

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Receptionist Clerk

Cum B. A. / B.Com.

1-2 Years in Office Good Set-up communication Skills / Effluent in English

INDUCTION / ORIENTATION After recruitment and selection of the employees for the right job, the next very important function of the human resource department is to provide necessary information regarding the working conditions of the company to the newly appointed employees. This will reduce the feeling of not being recognized by the company amongst the employees. In short, induction is a technique by which a new employee is rehabilitated in to the change surrounding and introduced to the practices, policies and purposes of the organization. As far as Rajhans Metals is concerned, it introduces various induction programs for its new employees to make him aware of his authority, responsibilities and duties towards his job. In addition, all the necessary information about the superiors, his colleges, his subordinates, etc are provided to him, so that he can best handle the activities of his department.

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TRAINING & DEVELOPMENT In our usual lives, we get knowledge of any field in two ways, either by getting educated in any of the recognized university, or we can also get the knowledge by getting trained by an expert in the real field where the work or any activity is carried on by the experts. For instance, CA students are getting training in the firms by preparing books of accounts when they are studying in their first or second years. Various Methods of training are summaries here, METHODS OF TRAINING

1. on the job training

2. off the job training

3. other types of training

-Coaching or under study. -Job Rotation -Special project assignment -Action learning etc.

-Case study -Management games -Role playing -Seminars & Workshop etc.

-Apprenticeship training -Job instruction training -Audio visual & computer base training -Distance & internet base training etc.

Chart No. 14: Methods of Training

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TRAINING AT RAJHANS METALS PVT. LTD. In Rajhans Metals, the issue of providing training to the employees is discussed in the weekly meetings by the Board of Directors. In the company, more emphasize is kept on the on the job training methods. Recently, the company has provided the training to its employees issued on how to increase the productivity by reducing the fatigue and stress. This training was also attached with the issue of changing the negative attitude of the employees regarding their jobs. PERFORMANCE APPRAISAL Performance evaluation or performance appraisal is the process of assessing the performance and progress of an employee or of a group of employees on a given job and his potential for future development. It consists of all formal procedures used in working organizations to evaluate personalities, contribution and potentials employees. In Rajhans Metals the performance appraisal is carried on regularly. Company follows the traditional methods for appraising the performance. It checks the performance of the employees by Field Review method and also by Checklist Method. And accordingly, the decision regarding training, promotion, etc. is taken by the Board of Directors alongwith the head of Personnel Department.

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 Checklist Method: A checklist is a list of statements that describe the characteristics and performance of employees on the job. The rater checks to indicate if the behaviour of an employee is positive or negative to each statement. The performance of an employee is rated on the basis of number of positive checks. Field Review Method: In this method, a training officer from the personnel department interviews line supervisors to evaluate their respective subordinates. The interviewer prepares in advance the questions to be asked. By answering these questions a supervisor gives his opinions about the level of performance of his subordinate, the subordinates work progress, his strengths and weaknesses, promotion potential, etc. The evaluator takes detailed notes of the answers which are then proved by the concerned supervisor. Table: 7 Performa of Checklist in Rajhans Metals Pvt. Ltd.
Is the employee creative in his job? Does the employee co-operate with his peers and superiors? Yes/No Yes/No

Is the employee able to complete his targets with the time limit? Yes/No Is the employee regular on the job? Does the employee follow the instruction properly? Is the employee loyal to the organization? Has the employee leadership potentiality? Yes/No Yes/No Yes/No Yes/No
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PROMOTION & TRANSFER POLICY TRANSFER

Transfer refers to change in job assignment. It may involve change in terms of responsibilities and status also. There are some reasons for transformation of job:1. To satisfy some needs of the organization and also of the employee. 2. To utilize properly the service of an employee. 3. To train employee in better advancement of promotion.

Rajhans Metals Pvt. Ltd. doing transfer of the employees on temporary bases. They are transferring them from one department to another department within the organization & sometimes if needed then they transfer their employees at Rajlaxmi Private limited.

So we can say that they are transferring employees from Rajlaxmi Private Limited to Rajhans Metals Private Limited and from Rajhans Metals Private Limited to Rajlaxmi Private Limited.

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PROMOTION

Promotion means shifting of an employee to a higher position with higher responsibilities, authorities, status and salaries. Most of the time promotion is used as a motivational tool but it should also give on seniority bases so that there are two bases of promotion. Promotion is done on two bases:1. Merit 2. Seniority * Rajhans gives promotion to its employees according to merit bases, i.e., it refers the merit base promotion system. WAGES & SALARY ADMINISTRATION The structure of wage and salary refers to implementation of sound policies and practices of employee compensation. Wage & salary administration should be controlled by some proper policies. Wage & salary is of great importance to the company as it is on the expenditure side on one hand and motivation and rewards on the other hand. * Rajhans metals pvt. Ltd. follows wage system as per governments low wage regulation act & Minimum wages act for its

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workers. Company is paying more wages to each & every employees than described in Minimum wages act. PROVIDENT FUND SCHEME The concept of provident fund is years old in the business organization. It carries various provisions that are related to the salary paid to the employees in the organization. The main object of provident fund is to benefit the member by providing each of them with a sum of money, the amount of which will be given to them on the termination of the employment with the company rules. Under the act, The Employees Provident Fund, & Family Pension 1952, it is compulsory to apply the provident fund scheme. Same way, Rajhans is also providing the scheme of Provident Fund to its employees. In practice, Rajhans cuts 12 % from the salary of its employees and also contributes a specific amount to the Provident Fund of respective employees. WELFARE FACILITIES Welfare Facilities are those facilities which are provided by the employers, government, trade unions to their employees. These are the facilities that works like motivation to the employees, they do not result in any extra benefits to them, but in absence of such facilities the employees will be dissatisfied and accordingly the productivity of the company also declines.
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To win the faith of employees, Rajhans has provided some welfare facilities to its employees, which are as follows. 1. MEDICAL FACILITIES:The management board provided medical facilities to its employees. Company provides first aid treatment to its workers at the time of accident in the company. 2. UNIFORM FACILITY:Rajhans also provides uniform, glows to its employees, which are of cotton materials. None of the workers are seen without their uniform in the company arena. 3. INSURANCE FACILITY:Company has taken the insurance of each of its workers. So, the worker will get some amount of compensation on any type of accident that may take place in the factory. As per govt. suggestions ESI also provided, in the case of serious injury of any workers. Besides this, the company also provides the facility of transportation free of cost to its employees. GRIEVANCE HANDLING SYSTEM Grievance means any sort of dissatisfaction among employees and disputes between management and employees. There are many reasons for which grievances are arising, like, promotion, payment of salary, over time etc. These grievances can be removed by proper procedure known as grievance handling procedure.
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* In Rajhans Metals, an employee having a grievance will have a free access to his superior to put up his grievance and take it over. This is the most important step in setting employees grievance as the superior better knows the problem of his subordinates. But if he fails to remove the grievances then these are solved by the head of the dept. or by the management. Thus, Rajhans has an effective procedure to remove the grievances of employees. PERSONNEL RECORDS By the term records, we mean that the preservation of information in files and documents. Same way the term Personnel Records refers to the maintaining the information relating to the personnel department of the company. These contain information on job analysis, evaluation, description, training and development, transfer, promotion, dismissals, wage, salaries and a lot of other activities in which personnel are involved. They are generally prepared for long term use. In Rajhans, the maintenance of personnel records containing all the information regarding employees is very efficient. They carry out their record keeping system by efficiently and effectively as these records can be used in future to remove the grievances of the employees. Rajhans Metals Pvt. Ltd. keeps the up-to-date records of its personnel. For instance it carries records for following areas of personnel, Name Residential Addresses
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 Educational Qualifications Wages & Salary Days of attendance Training provided Promotion given to the employees Bonus given to the employees Leaves allowed to the employees, etc. INDUSTRIAL RELATIONS Progress, prosperity and happiness of people are being achieved in peace only. Similarly peace in industrial world is necessary for growth and enhancement. Good relations between workers and management are only one factor which can establish peace in any industrial organization. Rajhans Metals Pvt. Ltd. has created cordial relations between the management and its employees. It also appreciates their work to improve their morale. Rajhans has a good understanding between the management and workers to co-operate with each other, to maintain best industrial relation and to avoid all possibilities of disputes. The company looks after their employees and provides handsome facilities which satisfy them in all way.

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CHPTER - 2

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RESEARCH METHDOLOGY RESEARCH DESIGN First step in any research process is to design the whole process through which project research will get commenced. We can define research design as, A research design is the arrangement of condition for collection and analysis of data in a manner that aims to combine relevant to research purpose with economy in procedure. Thus, research design is the conceptual structure questionnaire within which research is conducted. The study conducted here is descriptive research study. This type of research are concern with describing the characteristics & narration of facts of particular individual. Here study of basic Human resource functions or tools at Rajhans Metals Private Limited is our research subject. How they performing & implementing the basic tools of Human resource it is the main object of this research. RESEARCH OBJECTIVE:

Research Objectives

Primary objective

Secondary objective

Chart no.14: Research Objectives

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1. PRIMARY OBJECTIVE :Our primary objective is to study how the basic HR functions or tools implemented & performed at Rajhans Metals Pvt. Ltd. 2. SECONDARY OBJECTIVE :-

There are following secondary objective of the study. We can know the reason for labor turn over in the organization. We can know the attitude of worker or employee in the organization. We can come to know that which steps are useful in the organization to retain its current human resource. We can also know through positive and negative reaction of employees. We are able to find out various problems faced by employees & employer. We also get some related practical knowledge about industry . SCOPE OF STUDY The research that is being conducted by us will be useful in the following respect. 1. This will help to the company for the effective use of human resources. 2. This will help to the company for the management of human capital.
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3. This will help to reduce the wastage. 4. This will help to increase the moral of employees. 5. This will help to requirement of recruitment, transfer, promotion etc. 6. To take effective decision for expansion. 7. To take managerial decision. 8. This will helpful for the workers because they may not directly tell some of their problems to top management but they may tell through questionnaire.etc.

LIMITATIONS OF THE STUDY: 1. Personal Bias: People may have personal bias so they may not give correct information and due to which conclusion may be derived. 2. Time Limit: The time duration of the research is short thats why the information is not covered fully. 3. Sample Size: The last limitation is Sample size, taken by me is of 50 only; due to which I may not get the proper results.

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SOURCES OF DATA: The task of collection begins after a research problem has been define and research design chalked out. While deciding about the method of data collection to be used for the study, the researcher should keep in mind to types of data viz. (1) Primary (2) Secondary 1. Primary Data: The data, which is collected directly from the respondents to the base of knowledge and belief of the research, are called primary data. The normal procedure is to fill questionnaire from the employees of the company. So far as our research is concerned, primary data is the main source of information. We have collected data from the questionnaires. 2. Secondary Data: Secondary data are those which have all ready been collected by someone else and which have already been passed through the statistical process .For e.g. published data like in books, magazine, newspapers, internet, past report, public report etc.

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So far as my research is concerned, I have not collected any information from any sources. So, I have not used secondary data for my research. TOOLS FOR DATA COLLECTION: We collect data with the help of the questionnaire. The sample of questionnaire is as below.

Hypothesis formulation
Hypothesis is usually considered as the principal instrument in research. Its main function is to suggest new experiments and observations. Hypothesis means assumption regarding all results before going on experiments. Procedure for testing hypothesis:Null hypothesis:If we compare method A with method B about its superiority and if we precede on the assumption that both methods are equally good, then this assumption is termed as null hypothesis. It means that there is no significant difference between methods. Null hypothesis is symbolized by Ho. Alternative hypothesis:As against null hypothesis, we may think that the method A is superior or the method B is inferior, we are then stating what is termed as alternative hypothesis. It means that there is a significant difference between two methods. Alternative hypothesis is symbolized by Ha.
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Level of significant:This is very important concept in the context of hypothesis testing. It is always some percentage (usually 5%) which should be chosen with great care, thought and reason. In case we take the significance level at 5% then this implies that Ho will be rejected when the sampling result (observed evidence) has a less than 0.5 probability of occurring if Ho is true. Thus the significance level is the maximum value of probability of rejecting Ho when it is true and is usually determined in advance before the testing the hypothesis.

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QUESTIONNAIRE NAME :

DESIGNATION: ... AGE :

Q.1 From how many years /months/days you are working at Rajhans Metals Private Limited? ANS. [ ] Less than 3 years [ ] From 3 years [ ] More than 3 years Q.2 How were you recruited at Rajhans Metals Private Limited? ANS. . Q.3 You are satisfied with your job. ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

Q.4 If Disagree or Strongly Disagree, then what is the problem faced by you? ANS.

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Q.5 How much responsibility do you feel on you as compared to your designation? ANS. [ ] Law [ ] Above average [ ] Moderate [ ] Over burden

Q.6 How many times you got transfer/promotion in your career? ANS. [ ] None [ ] 2 time [ ] 1 time [ ] More than 2 time

Q.7 You are happy with Rajhans Metals Private Limited career path initiative. ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

Q.8 How do you found your HR system? ANS. [ ] Poor [ ] Moderate [ ] Excellent Q.9 Wages paid to you on the basis of: ANS. [ ] Hours [ ] Weeks [ ] Days [ ] Months

Q.10 You are satisfied with your salary/ wage structure. ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

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Q.11 Extra benefits are provided to you other than wages/salary. ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

Q.12 If Strongly agree or Agree, then what type of benefits provided to you? ANS. [ ] Monetary benefits [ ] Non monetary benefits Q.13 You are satisfied with your performance appraisal. ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

Q.14 Training programs are arranged at Rajhans Metals Private Limited? ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

Q.15 If Strongly agree or Agree, then which type of training programs are to be arranged? ANS. [ ] On the job training [ ] Other types of training

Q.16 How do you find the training programs that you have attended? ANS. [ ] Poor [ ] Good [ ] Moderate [ ] Excellent

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Q.17

There are sufficient safety measures taken by organization for avoiding

accidents or for protection against pollution like air pollution, noise pollution etc. ANS. [ ] Strongly Agree [ ] Disagree [ ] Agree [ ] Strongly Disagree

Q.18 If Strongly agree or Agree, then what kind of measures taken? ANS. Q.19 Is there any suggestions from your side to improve HR System at Rajhans

Metals Private Limited? ANS.

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LITERATURE REVIEW: Review no. 1 The Canadian International Trade Tribunals (CITT) Internal Audit Plan for 2004-05 to 2008-09 identified the requirement for a review of its Human Resources (HR) function.

The objective of this review was to advise senior management on the efficiency, economy and effectiveness of the policies, procedures and controls of the CITTs Human Resources (HR) function.

The study focused on HR services and issues affecting the service delivery framework. Consequently, the interests of HR clients who rely on these services were taken into account in the conduct of the review.

Review no. 2 This research is undertaken by Ankur in July 24 2009 in this study all human resource functions were considered. Human resource may be defined in this research as the total knowledge, creative abilities, talents and aptitudes of an organizations workforce, as well as the values, attitudes, approaches and beliefs of the individuals involved in the affairs of the organization.

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Review no. 3 This review was given by Brief and wises in 2002. According to them Human Resources (HR) is an exciting function, which offers many opportunities for individuals to contribute to the business. At all levels of the company, HR professionals support leaders and leadership teams in the creation of business strategies and in ensuring the resources are ready and available to deliver those strategies. Nevertheless, human resources (HR) seems to be losing ground in a majority of organizations (Saint-Onge, 2001). In most cases, human resources appear to be playing a secondary role at a time when this function should be more in demand and more valued. The HR function continues to be criticized for not moving with the times. The forces of the market have radically altered the 'employment contract', yet the people management practices do not seem to have followed suit. In the face of all this, the human resources function is often perceived as slow to adapt to the new realities of the market place.

DATA ANALYSIS & INTERPRETATION:

There are following analysis and interpretation from the collected data which are very helpful for taking the decision. Here we have fill questionnaires from 50 employees out of 275 employees and there are following interpretation of these questionnaires.

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1. From how many years you are working at Rajhans Metals Pvt. Ltd.? Less than three years Three years More than three years 12 8 30

TOTAL

50

EXPERIENCE OF WORKER
less than three year more than three years

3 years

Interpretation:It can be interpreted from the above data that majority of the employees in rajhans are serving since more than 3 years, it can be so, interpreted that Rajhans is a place where employees likes to work. Here Rajhans is doing well by creating favorable attitude in their employees. So we can say that there would less turnover ratio in the organization compare to others.

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2. How were you recruited at Rajhans Metals Pvt. Ltd .

Self / by interview Refrence TOTAL

10 40 50

RECRUITMENT

SELF/BY INTERVI EW

REFERA NCE

Interpretation:Here we can interprete that Rajhans give more refrence to their employee relation . He has very most trust on their employee .So that Rajhans recrute their employees on the basis of employees refrence.

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3.You are satisfied with your job

Strongly Agree Agree Disagree Strongly Disagree

10 40 0 0

TOTAL

50

DISAGREE, 0

STRONGLY AGREE, 10

AGREE, 50 STRONGLY DISAGREE, 0

Interpretation:All the employees of Rajhans are agree with satisfaction towards their job in the Rajhans Metal Pvt. Ltd. If there are dissatisfaction of employees it creat industrial dispute in the company so it is very good for the company that all the amployes are satisfied well while there are 11% employees who are most satisfed so Rahans Metal Pvt. Ltd has to try to strongly agree satisfaction of their employees.
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HYPOTHESIS TESTING FOR Q. 1 & Q.3 H0: 1=2=3=4 H1: 1234

YEAR Less than 3 years 3 years More than 3 years SATISFIED WITH JOB Strongly Agree Agree Disagree Strongly Disagree 0 12 0 0 5 3 0 0 5 25 0 0

Anova Table Single Factor

Source of Variation Between Groups Within Groups Total SS 358.3333333 261.3333333 619.6666667 ANOVA df MS 3 119.4444 8 32.66667 11 F F crit 3.656462585 4.066180557

In above table we can see that calculated Fcalculated which is 3.6564 is less than F tabulated which is 4.0661so we reject the hypothesis.

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5. How much responsibility do you feel on you as compared to your designation? Law Moderate Above average Over burden 5 35 10 0

TOTAL

50

RESPONSIBILITY ACCORDING TO DESIGNATION

Above Average, 10 Law, 5

Moderate, 35

Over Burden, 0

Interpretation:So here we can interpreate that employees has not given more responsibility compared to their designation so there are less work load on the employees and employees work frelly and without less fear .so it can be helpful to decrease the wastage and as a result Rajhans can able to increase their profitability.

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6. How many times you got transfer / promotion in your career ? None 1 times 2 times More than 2 times 35 10 3 2

TOTAL

50

TRANSFER AND PRAMOTION

more than 2 times, 2 1 times, 10 2 times, 3

NONE, 35

Interpretation:Here In Rajhans it requires more skilly workeres so that here transfer and pramotion is less because due to work long time at 1 post it increase the skill of that particular work and after some time employees get mastary of their particular work . so we can get idea from the chart and table that most of employees of Rajhans are at their parmenant job and there are very less people who are transferred / pramoted .
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7. You are happy with Rajhans Metals Private Limited career path initiative. Strongly Agree Agree Disagree Strongly Disagree TOTAL 3 43 4 0 50

SATISFACTION WITH CAREER PLAN

Strongly Disagree, 0 Strongly Agree, 3 Disagree, 4

Agree, 43

Interpretation:So according to the employees Rajhans Metal Pvt. Ltd. Provide good career plan for their employees .There are very few nomber of employees who are disagree , all other employees are agree with their career plan which is provided by Rajhans . So, Rajhans do good career plan of their employees but not do the best. There are also few employes who are strongly agree with their career plan.
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8. How do you found your HR system ? Poor Moderate Excellent 1 39 10

TOTAL

50

SATISFACTION WITH HR SYSTEM

Poor 10

Moderate

Interpretation:Here we can interpret that HR system of Rajhans Metal Pvt. Ltd. is on average, it is not much excellent and not much poor . So according to this report, Rajhans have to try to improve their HR system and try to provide excellent HR facility. So it can increase the moral of the employees.

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9. Wages paid to you on the basis of :

Hours Days Weeks Months

0 14 9 27

TOTAL

50

BASIS OF THE PAYMENT

Hours, 0 Days, 14 Months, 27 Weeks, 9

Interpretation:Here we can see that most of the employees are paid their salary on the basis of the months . There is no employees who get their salary on the basis of the hours.While some employees are paid their salary according to the days and some are paid according to the weeks .

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10

You are satisfied with your wages / Salary Structure Strongly Agree Agree Disagree Strongly Disagree 0 40 10 0

TOTAL

50

Sales
Disagree, 10 Agree, 40 Strongly Agree, 0

Strongly Disagree, 0

Interpretation:Rajhans give reasonable salary to their employees because most of the employees are satisfied with their salary and wage. So we can interprete that Rajhans give salary according to the skill and ability of the employees and not give excess of the ability and also not give less than their ability .So rajhans give reasonable salary to their employees.

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HYPOTHSIS TESTING FOR Q. 9 & Q.10 H0: 1=2=3=4 H1: 1234

WAGES PAID Hours Days Weeks Months SATISFIED WITH JOB Strongly Agree Agree 0 0 0 0 0 14 0 26 Disagree 0 0 9 1 Strongly Disagree 0 0 0 0

Anova Table Single Factor:

ANOVA Source of Variation Between Groups Within Groups Total SS 268.75 529 797.75 df 3 12 15 MS 89.58333 44.08333 F 2.032136106 F crit 3.490294821

In above table we can see that calculated Fcalculated which is 2.0321 is less than F tabulated which is 3.4902 so we reject the hypothesis.

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11 Extra benift are provided to you other than wages / salary : Strongly Agree Agree Disagree Strongly Disagree 0 44 6 0

TOTAL

50

Strongly Disagree, 0

BENEFIT OTHER THAN SALARY

Disagree, 6

Strongly Agree, 0

Agree, 44

Interpretation:Here we can interpret that company also give some extra benefit to their employees other than the salary like bonus, medical facility, education facility, career planning etc. So, due to this extra facility employees can be motivated. So Rajhans Metal Pvt. Ltd. tries to motivate their employees by giving extra facility other than salary/wages.

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12

If strongly agree or agree, then what type of benefit

provided to you ? Monetary Benefits Non- Monetary Benefits 42 8

TOTAL

50

NonMonetary Benefits

TYPE OF BENEFITS

Monetary Benefits

Interpretation:So we can see that Rajhans Metal Pvt. Ltd. gives more moneray benefits to their employes compare to non monetary benefits. Monetary benefits includes the medical policy , education facility, insurance facility, other allowance etc. While Non monetary benefits includes Perfomance Appraisal , awards , praise etc. so we can see that Rajhans Metal Pvt. Ltd. provide monetary benefits to their employees compare to non monetary benefits to motivate their employees .

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13

You are satisfied with your perfomance appraisal Strongly Agree Agree Disagree Strongly Disagree 5 11 34 0

TOTAL

50

PERFOMANCE APPRAISAL
Strongly Disagree, 0 Strongly Agree, 5 Disagree, 34

Agree, 11

Interpretation:So, Here we can see that there are near 13 % employees who are strongly satisfied with performance appraisal, there are near 25% employees who are agree with performance appraisal while there are near 62% employees who are disagree with performance appraisal. So it shows the weak point of the Rajhans Metal Pvt. Ltd. and Rajhans has to improve their performance appraisal. It shows that HR department of Rajhans is not good in the function of performance appraisal.
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14

Training programs are arranged at Rajhans Metals Pvt. Ltd. ? Strongly Agree Agree Disagree Strongly Disagree TOTAL 5 32 13 0 50

TRAINING PROGRAME
Strongly Agree, 5 Disagree, 13

Agree, 32

Strongly Disagree, 0

Interpretation:Here we can interpret that Rajhans Metal arrange training programe to development of their employees , there are approximatly 70% employees are agree and strongly agree with training programe while there are near 30% employees are not satisfied with the training programe and so they are disagree with them.

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15.

If strongly agree or agree than which type of training programs are to On the job Trainig Other types of training be arranged ? 40 10

TOTAL

50

TYPE OF TRAINING
Other types of training, 10

On the job Trainig, 40

Interpretation:Rajhans Metal Pvt. Ltd. mostly give on the job training which is very less expensive and less time consuming . Other training programs are sometimes very expensive and become worthwhile. So it is good decision of Rajhans Metal Pvt. Ltd. that gives on the job training.

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HYPOTHSIS TESTING FOR Q.14 & Q.15 H0: 1=2=3=4 H1: 1234
TYPE OF TRAINING PROGRAMME

TRAINING PROGRAMMES ARE ARRENGED Strongly agree Agree Disagree Strongly Disagree On the job training 3 24 13 0 Other type of training 2 8 0 0

Anova Table Single Factor ANOVA

Source of Variation Between Groups Within Groups Total SS df 268.75 3 529 12 797.75 15 MS 89.58333 44.08333 F 2.032136106 F crit 3.490294821

In above table we can see that calculated Fcalculated which is 2.0321 is less than F tabulated which is 3.4902 so we reject the hypothesis.

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16

How do you find the training programs that you have

attended? Poor Moderate Good Excellent TOTAL 0 17 24 9 50

PERFOMANCE OF TRAINING PROGRAME

Poor, 0 Excellent, 9 Moderate, 17 Good, 24

Interpretation:In Rajhans Metal Pvt. Ltd. there are held very satisfactory training programe we can get idea that 60% to 70% employees are satisfied with the training programe and develop them selves . So there are efficient training is given to the employees in Rajhans Metal Pvt. Ltd.

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17

There are sufficient safety measures taken by organization for avoiding accidents of for protection aggainst pollution like air pollution, noise -pollution etc,
Strongly Agree Agree Disagree Strongly Disagree TOTAL 4 42 4 0 50

PROTECTION AGAINST AVOIDING ACCIDENTS

Disagree, 4 Strongly Agree, 4

Strongly Disagree, 0

Agree, 42

Interpretation:Rajhans Metal Pvt. Ltd. is very much worried about their employees. It gives sufficient protection to their employees for avoiding the accidents. It gives special dress/cloths to the employees of the company. It also takes insurance policy of the employees. So that employees are satisfied with Rajhans Metal Pvt. Ltd. for their protection policy.
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CHPTER - 4

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CONCLUSIONS I hereby conclude my project with the nice memories of industrial visit to Rajhans Metals Pvt. Ltd. The unit which I visited was a part of a Brass Part industry producing Brass Extrusions. Though it is not a large scale unit but it has all the scope of becoming a large scale unit. By making an analysis of the profitability statement we can see that the unit is prospering tremendously. Rajhans Metals is really a successful in the Brass Industry. In the company, the production is carried out automatically by the latest technological equipments. All the stages of the production process are automated. In the Human resource department also, the organization has developed various policies regarding their day-to-day functioning. This has reduced the possibilities of confusion among the management and employees. The company is also paying the at most attention to the financial matters. They believe in the liquidity. The head of the department keeps up to - date records of all the financial matters. Company has also employed various marketing tools to boost up its sales. From the above stated data in the financial department, we can see that the sales of the company have increasing drastically. Thus in short, the visit has provided me with an eloquent knowledge of brass and copper extrusions. The industry has provided knowledge in all the field of management, i.e. Personnel, Production, Marketing and Finance.
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FINDINGS There are 24%, 16% & 60% workers who are working at Rajhans metals respectively from less than 3 years, 3 years & more than 3 years. There are 20% workers who were selected at org. by interview & 80% workers who were selected via internal reference. There are 20% & 80% workers who were strongly agree and agree respectively on the statement that they are fully satisfied with their job at org. 10% of the workers feel that there are law responsibilities as compared to their designation. While 70% & 20% feels that their responsibility is moderate & above average respectively as compared to their designation.

70% workers get never any transfer and promotion, while 20%, 6% and 4% workers get transfer & promotion 1, 2 & more than 2 time respectively. There are 6% & 86% workers who were strongly agree & agree on the statement respectively that they are happy with Rajhans metals career path initiative.

There are 2%, 78% & 20% workers said that their HR system is poor, moderate & excellent respectively. 28% workers said that they are paid on the basis of days, while 18% were paid on the weekly basis & 54% were paid on monthly
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basis. There are 80% workers are satisfied with wage structure & 20% are dissatisfied with it. There are 88% workers agree on the statement that extra benefits are provided to them other than wages among those 88%, 84% workers said that they were got monetary benefits while 16% of them are rewarded by non monetary benefits, while 12% workers said that they were not given any benefits other than wages.

10%, 22% & 68% workers are strongly agree, agree & disagree respectively on the statement that they are satisfied by their performance appraisal given by top management. 10% & 64% employees are strongly agree & agree on the statement that any training programmes arranged at org., out of them 80% said that they were given on the job training & rest 20% said that they were given other types of training like lectures by guest faculties, workshops, seminars etc.,while 26% said that they were not provided any type of training.

Training programmes arranged by org. are moderate according to 34% employees, while 48% & 18% employees found those programme good & excellent respectively. 8% of the workers were strongly agree, 84% are agree & 8% are disagree on the statement that org. take sufficient measure to avoid accidents to reduce pollution & giving any benefits who met with an accident while working at org. Workers are provided safety suit, gloves etc.

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SUGGESTIONS

Company should give good performance appraisal to the employees so that they will motivate because there are 68% workers who are dissatisfied with performance appraisal. Company also should improve training programs because 26% workers dissatisfied with it.

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BIBLIOGRAPHY Books Referred Garry Dessler, Biju Varkkey, Human Resource Management, Pearson Kotler Philip, Marketing Management, thirteenth Edition, 2002, Prentice-Hall of India, New Delhi Donald R Cooper. Business Research Methods, Tata McGraw hill 9th edition.

Web-sites Surfed www.rajhans.com

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