Documente Academic
Documente Profesional
Documente Cultură
A
PROJECT REPORT
ON
PRACTICAL TRAINING UNDERGONE
AT
Prepared By : Guided By :
REPORT ON
S.Y.B.B.A.
Roll No : 88
SUBMITTED TO:
S.S.C.C.M.
(B.B.A. DEPARTMENT)
SARDARNAGAR, BHANNAGAR.
BHAVNAGAR UNIVERSITY
CANDIDATE’S STATEMENT
SIGNATURE:
HARDIK D SALIYA
MEDINEX
PREFACE
Industrial training is the part of S.Y.B.B.A. During the training.student learns a lot
which is not given in the class-room. The aim of this project is to develop not only
theorical knowledge but also to give and improve practical skill, in every student,
which is helpful to him in every field in his future.
Being a student of second year I have the honor of having a practical training in the
MEDINEX LABORATORIES Limited located at Ukharla Bhavnagar.
To under take the practical study of large scale industry. Basically the report deals
with four “needed study department” can be descried as general information,
personal department, marketing department & finance department.
The report is reflected of which I Undertook learnt during my training. This report is
prepared for the purpose of the study not theoretical matter but a practical matter.
MEDINEX
ACKNOWLEDGEMENT
It is fact that behind the success of a student there is always a good teacher to be
the right direction at the right speed. You require a spark and you can travel all
through your destination. While I was preparing a project report on medinex ltd so
man around & unknown face assisted me directly or indirectly.
For the same I would like to thank miss rachna madam for giving me an
opportunityfor training in the company.i would like to express my gratitude to
Mr.L.J.Vanani and all the teachers who have guided me during my project report.
I would like to express my heartily thanks to all the people namely Mr. Nandisen K
Shah and Mr. Kirtibhai N Thakkar etc at Medinex Ltd for giving me valuable
information response.
Last but not least, I am very much thankful to my friends and all other members of
Medinex for extending their help to complete my project successfully.
INDEX
General information
Marketing management
Financial management
MEDINEX
GENERAL
INFORMATION
MEDINEX
GENERAL INFORMATION
MANUFACTURING PLANT
QUALITY CONTROL
LIST OF PRODUCTS
NUMBER OF EMPLOYEES
Medinex laboratories Pvt. Ltd was established in 1972 with formulations and
started production of Bulk drugs (APIs) in the year 1982.
MEDINEX
Looking to the space constraints, market demand and revised norms of Schedule-
M of Food & Drug Control Authority, the plant was relocated to this site.
The primary purpose of this industrial establishment is the production of important
& life saving bulk drugs.
In-house R&D has developed the processes for manufacture of the products of
Medinex.
Location:
The site is approximately 14.0 km away from Bhavnagar and in the South
direction. The site falls under notified industrial area declared by Bhavnagar district
authority.
Bhavnagar is on the Western Railway Line. It is 761 kilometers from Mumbai via
Ahmedabad and 788 kilometers via Viramgam.
State transport buses and private luxury coaches connect various centers of
Gujarat. It is situated 791 kilometers from Mumbai via Ahmedabad and 200
kilometers from Ahmedabad via Sihor.
Latitude : 21.45 N
Longitude : 72.10E
Elevation above Mean Sea Level : 0.304 meter
The total area of the site : 9905.25 meter
MEDINEX
Fax : 0278-2883163
E-mail : medinex@yahoo.co.in
Contact Person
MEDINEX
BENEFITS OF LOCATION
Away from the city environment & not come under the authority of BADA
Manufacturing Plant
The API bulk drug plant is well equipped with reactors, pumps and centrifuges.
There is adequate safety control and Good Manufacturing Practices are
strictly followed. Balances, digital temperature indicators, pressure / vacuum
gauges are calibrated periodically. A team of experienced Chemical Engineers
and Technicians manage the manufacturing process right from the first stage
to the dispatch of the finished product.
The Warehouse has separate places for storage of raw materials and
finished products. All materials are classified, properly labeled and kept in
specified allotted places. Finished products are guarantied and kept in separate
Bonded Rooms. A well maintained Cold Storage is available in the
warehouse for storing specialty chemicals and finished products.
Quality Control
Effluent treatment plant takes care of the residue and various effluents
generated during the manufacturing processes and adhere to Statutory
requirements of the Pollution Control Board.
The Company also has a Safety Department responsible for creating safety
awareness at all levels. Regular Safety and Technical Audits are conducted
to identify the deviations, if any, from Good Manufacturing practices and
corrective actions are taken wherever necessary.
MEDINEX
Size of The unit means what is investment of the company, turn over of
their standard. There are some basis of which the size of unit can be fixed.
Accounting to government policy there are certain standards regarding scale
operation which are as follows.
LIST OF PRODUCT
Number of employees
MD/
Executive Director
receives
Order is executed if
Written or Oral message is given to product is available as
Executive Production for production per requirements
/supply & stock
Executive Production reviews the Order in consultation with
store manager decides to dispatch the part of order, if stock Dispatch to
is partially ready. Otherwise manufacture the specific the customer
products as per the final product specification. after gate pass
& entry in
dispatch
As per the planning, or work out for register, along
the requirement of RM & PM in with delivery
consultation with store manager challan,
Executive production informs Invoice &
Purchase Manager for purchasing COA & other
required
Raw materials/PM required for the product is received at the factory along documents
with quality certificate if required from manufacturer. In charge stores will
check the material as per check list, labels the material, prepares GRN &
sends copy to QC In-charge. , Sampling & Testing are done from QC (as per
in coming QAP) if the RM/PM is acceptable than stock inward in the Raw
Material Stock Register
Order
FormAis
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Executive Starting to
Filtration/ Drying
Production ensures process the
proper cleaning of Batch Centrifugation
the area
Mixing
Supervise the roper Coolin Pulverizing
washing & cleaning
Stirring
of the Equipments
& utensils Mixing with Solvent if
required/Precipitation Labeling &
Heating if Packing
Receives RM at
required
mfg. wing
Filtration
In process testing of the quarantined material
as per in process QAP & In charge QC
Inspection, analysis & testing of final product as per the final QAP
under the supervision of In-charge QC
Stock transferred to FP
store
HUMAN
RESOURCE
MANAGEMENT
MEDINEX
HUMAN RESOURCE MANAGEMENT
INTRODUCTION
RECRUITMENT
HUMAN RELATION
INDUCTON TRAINING
JOB DESCRIPTION
PERFORMANCE APPRAISAL
EMPLOYEES SERVICES
EMPLOYEES GRIEVANCES
TRADE UNION
PERSONAL RECORDS
INTRODUCTION
The manager deals with the various laws such as factory act, employees’
state insurance act and the workmen compensation act.P.F. Act, labors law, I.R.
and I.D. ACT, social responsibilities. He also is looking workers day to day
activities as well as unions’ activities…
RECRUITMENT, SELECTION
• RECRUITMENT
1) Internal
2) External
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The company is doing of following 2 channels.
1. Advertisement in newspaper.
2. Direct Recruitment on the basis of application.
After deciding the quality and quantity of personnel, they give the
Advertisement in newspaper with the post. After receiving the biodata the process
starts and the selected persons are called by sending those call letters. After
receiving call letters the employee has to pass through the interview. An interview is
face-to-face, observation and performance appraisal method of evaluating the
application where the interviewer who is a higher in a status in a dominant role.
• SELECTION
that candidates have some advance planning for interview. In this only
one person is there for interviewing candidates.
HUMAN RELATION
organization goals with full satisfaction of social and economical needs and also to
development of organization.
MEDINEX
Every fifteen days every department head have meting and while taking
decision they also contact the needs of department and they have facility of
intercom.
The group has manpower strength of over 25 working round the clock
towards one goal produce chemicals par excellence in real team spirit. Highly
are the backbone of the Medinex Laboratories success. The management firmly
believes their committed workforce provides the vital power to change and
INDUCTION TRAINING
New personnel are provided induction training. For providing awareness about the
concerned department, an induction training manual has been prepared by the
concerned department.
Induction training manual is updated on a two year period and / or based on the
audit findings which point the gaps in the quality of induction training or as per the
need / directions provided by the competent authorities.
Induction training is coordinated by the HOD-HR and it is provided by the
concerned department for a specified period. Periodicity of induction training
varies designation wise and it is determined by the quality assurance and / or head
of the departments.
Records of induction training are made and training records of the new employees
are made and entries made.
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When a candidate is selected from the external sources, he may feel unconscious
because of new environment and new people.
In other words, it is to welcome a newcomer, make him feel like a home and
generate in him a feeling that has own job, however small.
TRAINING , DEVELOPMENT
TRAINING
In this type of training, the trainee will be trained directly but not in the
working hours means after completion of their work they will be trained. This kind of
training is given by conducting lecture or in the seminar. In short training which is not
given in the job time is called off the job training.
In this type of training, the trainee will be trained directly but not in the
MEDINEX
working hour means when they are working they will be trained so when any new
person join the company he will have to stay with other experienced person for few
days or when he was performing his job will be instructed by the other person then it
is known as on the job training.
DEVELOPMENT
JOB DESCRIPTION
Job description is the statement containing items such as job title,
location, job summary, duties, tools and equipments, supervision given or
receives, working conditions etc. A specific job description consist of the details
such as job title, department in which he has to work, immediate level
subordinates, objective of the job, principle duties and responsibilities, authority
limits etc.
Factory manager has control over the other department his direct
assistants are personnel manager, finance manager and marketing manager
through continue consultation with the personnel manager. He formulates
recommends and interprets all manpower marketing policies and managerial
development.
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PROMOTION
employee to a job which pays more money or one that carries some proffered
status.” Although promotions are made on the basis of ability, hard work, co-
of a promotional policy.
to a suitable person who will be benefited to either side I.e. the employee and
the employer.
In Medinex, there are 2 types of method for promotion. They are as follows.
Seniority merit
Past performance
MEDINEX
In this method promotion is made on the basis of past
performance
TRANSFER
External
Internal
PERFORMANCE APPRAISAL
An organization goal can be achieve only when people put in their best
efforts. How to ascertain whether an employee has shown his or her best
performance on a given job? The answer is performance appraisal.
In the question paper, total marks and desired marks shall be indicated. If
the candidate does not score the desired marks, he shall automatically under go for
retraining. The reasons for his poor score shall be evaluated on an annual basis.
No person shall be sent for re-training more than three times. Reasons for
poor performance shall be explained by the employees on a one to one basis by
the employee to his head of the department.
MEDINEX
This unit provides salary workers on daily basis. The company also
maintains monthly records. The salary is basically dependent.
WAGE ADMINISTRATION
Company’s wages include basic salary+ medical+ over time etc. Tax
deduction is applicable to both the workers & staff members. The income tax
deduction is calculated at the end of the year’s means 31st march on the every year.
Wage administration includes basic manpower’s wage. Clerk of human
resource department prepares wage sheets. Payment is done on the basis of time
keeping records. Payment is done on the full day work and wages for late coming
period is deducted. Wages are counted on daily basis and it is and it is paid monthly.
Workers can convert his salary in cash also.
SALARY ADMINISTRTION
MEDINEX
The date of salary payment is last day of the month. Salary is paid only for
full day work. Salary sheets are prepared in accounts office. Salaries are paid to the
administration, technical and electrical personnel.
EMPLOYEES SERVICES
Statuary
Unstatuary
MEDICAL:
UNIFORM:
BONUS:
Company also provides to workers lunch room for their lunch and also
provides tea or coffee workers for free of charge.
MEDINEX
EMPLOYEES GRIEVANCES
TRADE UNION
But the entire unit is like a family and workers going on in pleasant manners. There
are no conflicts between management and employees and all can work with their full
co-ordination and with help of 100% co-ordination. The organization can achieve its
predetermined goals.
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PERSONAL RECORDS
Those records include all information such as name & add, date of birth,
Education and qualification, knowledge of performance, his work, attendance,
behavior and even if he taken loan or advance from the company also recorded.
There is separate file for each employee in Medinex laboratories pvt ltd for
personnel records of each worker working on organization. With the help of
personal record we have to all needed information about employees.
MEDINEX
WORKING TIME
9 a.m. TO 1 p.m.
1:30 p.m. TO 5:30 p.m.
MEDINEX
E.S.I. SCHEME
Medical benefit for employee and their family members if they are not
self-dependent.
For each training subject, first the training material shall be prepared by the
proposed faculty and this shall be checked by the next higher level officer and
when approved, one copy of such training material shall be submitted to the
human resources department as a record.
Faculty shall introduce themselves; the subject and the method of training in the
user friendly terms and definitions. The method of training shall be very simple and
clear.
During the training session, periodic checking shall be done with the participants
whether they are in a position to understand the topic being taught to them.
Providing training
If the faculty is not good, one of the participants shall request the head of the
department or HOD-HR for the termination of such training. HOD/HOD-HR shall sit
in the training; and when the observations of the employees are found valid,
training programmed shall be terminated. A training programmed should result in
enhancing the level of quality and commitment in the employees for skill/ products
and services quality/ customer satisfaction/ regulatory compliance/ cost control
At the end of the training/ practical classes, a feedback shall be taken from the
employees.
Employee shall provide their comments on the contents of the programmed and
how this could be further improved for future participants.
The comments of the employees shall be reviewed and suitably included in the
training material or training methods.
MARKETING
MANAGEMENT
MEDINEX
MARKETING MANAGEMENT
INTRODUCTION
MARKETING DEPARTEMENT
MARKET SEGMENTATION
CUSTOMERS
MEDINEX
MARKETING RESEARCH
SAMPLING
ADVERTISING
CHANNEL OF DISTRIBURION
CUSTOMER COMPLAINTS
INTRODUCTION
Marketing practices are continually being refined and reformed in virtually all
industries to increase the chance of success.
Medinex laboratories pvt ltd has two main activities namely, specially
Chemicals and Pharma materials, it is their mission to supply high quality products
to their customers. They have been continuously improving their core technology,
quality standards and flexibility to meet their customer’s need. The results of these
efforts are the high reputation and trust credited to them.
MARKETING DEPARTMENT
Marketing is really very important for each and every organization without
marketing, you can not popularize your products in the market, you cannot reach
MEDINEX
at the heart of the customers and you cannot create high image. You cannot earn
high prestige and status.
All these will happen, when the marketing department of any organization will
really play very active role. In the organization marketing really plays vital role.
The marketing department collects all these information’s of feedback from the
customers and so on. Customer’s service is also one of the functions of marketing
department through providing and implementing good suggestions there
department.
The main function of the marketing department in the organization is to see what
should be the marketing strategy and what the current situation.
MARKET SEGMANTATION
MEDINEX
Market consists of buyers and buyers differ in one or more ways. They may differ in
their wants in resources, location, buying attitudes and buying practice.
Market segmentation means dividing a market into distinct group of buyers with
different needs, characteristics or behavior, who might require separate products or
marketing mix. Through market segmentation company divide large, heterogonous
market, into smaller segments that can be reached more efficiently with products
and services that match with unique needs,
Medinex laboratory has two different products at the same place at Bhavnagar. So
the production making is only this place. The units cover many areas of India. It sells
50% of their production to overseas market and 44% to domestic market.
But company has two types of segments of markets. One is domestic market. In this
segment the Indian market are covered while another market is called overseas
market. In this market segmentation of different country are covered where the
company is dealings. Under this segment the countries are covered like U.S, U.K,
Japan, etc.
CUSTOMERS
MEDINEX
CUSTOMER
Cipla
Ranbaxy
Cadila
Customer Feedback
Quality
Quantity
Packing
Dispatch Documents
Communication
After Sales Services
Meaning :
Marketing research is the systematic, objective and exhaustive search for and
study of the facts relevant to any problem in the field of marketing.
Purpose :
Our purpose of research is to gather facts about markets and the forces operating
therein, like competitors and governments. So as to enhance the competitive
strength of the company in the market place. The various areas of market research
broadly include.
Our quality control facilities are fully adequate to test each of our
products both for purity as well as impurity profile. Each of our raw materials is
tested before approving it for use in production, and each of our finish products are
tested to ensure that product meets standardized specification designed by us and
approved by our customers. Every consignment, we send to the end user is
Medinex laboratories pvt Ltd is a Research & Development oriented company. All
the products that are presently manufactured and marketed are developed in-
house and successfully commercialized in the chemical market.
Medinex laboratories devote its R&D resources for establishing new technologies
to put up new markets as per the client’s requirements. Search for the
development of new molecules and finding their applications continue.
Engineers and Analytical Scientists, approves the R&D findings periodically and
ensures proper implementation of the organizational needs.
R&D operations include the research for the new molecules, identification of the
right route of synthesis, optimization of the control parameters, the tailoring of the
specifications, the scaling up of the processes developed and validation of the
entire system.
MEDINEX
R&D Dept. has excellent access to technical reports and reviews published in
national and international journals of repute, least scientific journals and the
computer database.
SAMPLING
Quality control lab adopts various methods of sampling. There are some
methods, belong to sampling, given below:
If there are N numbers of bags of bottles, then N+1 sample are take as
minimum one sample from each other.
• IN low bulk
• In easy packing
ADVERTISING
Medinex laboratories does not advertising at all in India. Because it’s not
producing the consumer goods but in case of overseas market Medinex advertises
about its product in magazines. It has limited number of customers who are suing
its product as a raw material. And the company has monopoly product, so the
company does not require the advertising for its products…
Communication :
CHANNEL OF DISTRIBUTION
Most producers use intermediates to bring their products into the market.
They try to forge a distribution channel a set of independent organization involved
and the process of making a product or service available for use or consumption
by the consumer or business user. So far the company is concern: it has two
different channels as follows;
The producer has the sales persons to sell the products of the company to
customers and the customers also can not direct deal with the company. Medinex
has another type of segmentation is overseas markets. In which the company sends
the output by selected agents through the exporting center--- BOMBAY
Producer-> Industrial customers
That means the producer directly receives the order from the customers and
producer send goods according to their orders. This channel is only for the domestic
market segment. The company has the monopoly market in India, so all the
customers have to get from the company.
Direct marketing
• Producer - consumer
• Producer - retailer - consumer
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• Producer - wholesalers - retailer - consumers
• Producer - wholesalers - agent - retailer - consumers
• Producer - industrial consumers
• Producer - sales agent - industrial distribution
• Industrial customer
Enquiry Handling
Marketing Executive keep on exploring new markets and manage to keep in touch
with existing Clients for marketing relevant issues.
Marketing Executive carries out an informal review of the enquiry before offering a
proposal to the client. The review takes into consideration the
The orders are received, reviewed, and recorded in the Work Order.
Marketing Executive accepts the orders and a copy of the Work Order are sent to
the production department for further processing of the order.
Order Amendment
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For all amendments in the order received after accepting the orders Marketing
Executive carries out necessary communication with the customer and
understands the required amendment.
Final decision is convey to the Customer by SM. And all accepted amendment are
communicated to the Production Manager by Verbal / Written and recorded in
Amendments.
CUSTOMER COMPLAINTS
Customer Feedback
FINANCIAL
MANAGEMENT
MEDINEX
FINANCIAL MANAGEMENT
INTRODUCTION
FINANCIAL PLANNING
CAPITALIZATION
MEDINEX
MANAGEMENT OF WORKING CAPITAL
RATIO ANALYSIS
LEVERAGE
BUDGETING
INVENTORIES
CONCLUSION
INTRODUCTION
Finance is the blood, brain and soul of any business organization. Now a day’s
finance has serviced as the backbone for any economy.
MEDINEX
In modern money using economy finance may be defined as provision of money,
at the time is required. The first aspect to be attended to is the estimation of how
much money business organization requires and for what purpose. In the second
place it is to be seen how much the amount estimated for meeting the business
requirement should be raised.
Finance is concerned with the planning rising, controlling and administrating the
fund in a firm; the decision regarding finance must be properly by a firm
FINANCIAL PLANNING
Growth in sales is an important objective of most firms. An increase in a firm’s
market share will lead to higher growth. The firm would need assets to sustain the
higher growth in sales. It may have to invest in additional plant and machinery to
MEDINEX
increase its production capacity. The firm would have to acquire raw material and
convert them into finished product after incurring manufacturing expenses when
the firm grows at a high rate internal funds may be require. The process of
estimating the funds requirements of a firm and determining the source of funds is
called financial planning.
Financial planning for Medinex based on balance sheet as on 31st march 2008.
Financial planning is the pre-requisite for the smooth financial
management and for the purpose of growth and expansion of business activities.
The basic objective if financial planning is to raise the necessary funds.
Financial planning means deciding in advance the various financial
activities to be performed to achieve the basic objectives of the firm at maximum
return with minimum effort.
Financial management is to an extent, an integral part of the job for the managers
involved in planning allocation of resources and control. The production manager
shapes the investment policy, the marketing manager provides input in forecasting
and planning, the purchase manager influences the level of investment in
inventories and the sales manager has say in the determination of receivable
policy. In the company financial management is highly specialized in nature and is
handled by specialist.
In Medinex financial management functions lies with the top management, i.e.
Board of Directors/Managing Directors/Chief executive or committee of board. In
Medinex finance department area headed by managers.
CAPITALIZATION
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Capitalization means capital structure of company as compared to the
capital requirement of the firm. It shows that amount of capital required by an entity
as the investment in the company.
Over capitalization
Under capitalization
Optimum capitalization
Gross capital
Net working capital
The account starts when any purchase process of sales process is over because
after that the entry should be made. It is historical function. For any transaction first
voucher is made in journal or ledger.
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RATIO ANALYSIS
Profitability Ratio:
IF this ratio is low, it indicates that the cost of sales is high or the purchasing is
inefficient.
Liquidity Ratio:
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Curent Ratio = (Curent Assets / Curent Liabilities)
This ratio represents a very comfortable liquid position. The working capital is
much more than the present requirement. This should be utilized to make prompt
payment to creditors and benefits of lower prices and cash discounts should be
obtained.
LEVERAGE ANALAYSIS
Leverage simply means risk in technical firm. Leverage is used to describe
firm’s ability to use fixed cost assets and to magnify return to its owner. Higher the
leverage higher the expected return. Here risk may be defined as the degree of
firm’s ability to cover its fixed payment obligation.
Operative leverage:-
Operative leverage is defined as the ability to
used fixed operating cost magnifies the effect of change in sales on its operating
profit. It can be calculated with the help formula as mentioned here:-
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►Operative leverage = Contribution
E.B.I.T
Where,
Contribution = Sales- variable cost,
Where,
Change in E.B.I.T = Increase in E.B.I.T
E.B.I.T
Financial leverage:-
Based on the above two leverage, one leverage is also recommended via,
combined leverage
Combined leverage:-
OR
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► Combined leverage = Operating leverage *Financial leverage
BUDGETING
Medinex laboratories pvt ltd is budgeting every month because the turn of
Medinex is more.
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INVENTORIES
Inventories mean stock. The term inventory refers to the stock of the
product of the firm is offering for the sale. The company keeps some goods in the
stock for emergency demand. The stock also have some value, means interest
because the cash is now diverted to stock. If the inventory period is long there is
interest loss and company has to suffer.
Raw material
Work in progress
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Finished goods.
CONCLUSION
Medinex Ltd. Company is very large scale company and I have gathered all
important topics which gives me good knowledge about the company ‘s finance
departments.
MEDINEX
The entire staffs members have help me during my training, my training in this
company and they gave me full support in completing this report of company.
I hope that the company raises its profit and good reputation to our country.
BIBLIOGRAPHY
3. Financial Management Prof. S.P.Shah, Prof. J.M.Shah, Chandra p., Dr. Paresh
P.Shah, Dr P.K.Priyam.