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HIMSON ENGINEERING PVT.LTD.

NAVNIRMAN INSTITUTE OF MANAGEMENT

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HIMSON ENGINEERING PVT.LTD.

1.1 Overview of the company:

Himson Engineering Pvt.Ltd. is the flagship company of the Himson Bhogibhai Group. It is one of the largest manufacturer of textile machinery in India with the experience of more than 3 decades. The engineering activities of the group are carried out under the direct control of Head-Quarters located at Ashwanikumar Road premises at Surat, India. Initially, in the year 1978, HIMSON tied up with Earnest Scragg Sons Ltd., UK to manufacture Draw-Texturising Machines in India. Since then, the strategy has been to acquire the best available technology from the reputed and innovative internationally leading companies and upgrade the same with help of the experts around the world in conjuction with our in-house development experts and considerably long machine-building experience. This strategy has worked very well and eventually, made the company successful in its field in India & Abroad. Today, the company enjoys significant market share of Synthetic Yarn Processing Machinery in India. (Supplied more than 3000 Draw-Texturising machines) the fast growth has been sustained on continuous upgradation & design and manufacturing facilities by installing most modern CNC machining centers, fabrication units and metal finishing shop in-house together with the latest Design and Development Center equipped with modern CAD/CAM facilities and latest state-of-the art designing softwares to achieve highest accuracy and maintaining stringent quality standards, benchmarked against the best in the world. Himson Engineering Pvt Ltd is accredited with ISO 9001:2000 Certification. Today, HIMSON enjoys high reputation for in-house research and technology developments and an efficient and reliable After-Sales-Services. In year 1998, HIMSON entered into a technical collaboration with M/s. Teijin Seiki Textile Machinery Co. Ltd., Japan to manufacture High Speed DrawTexturising Machines with Energy Conserving Short Heaters and Auto Doffing. Himson Engineering enjoys a very respectful image as supplier of world class textile machines and is the leader in almost all the products that it manufactures.
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Many of the products are exported to developed as well as developing countries. The manufacturing facilities are now also offered to the Indian & International industries, to fully exploit the capacities which has been generates over the years. In the year 2008, Himson Engineering Pvt Ltd also received a prestigious order from Alok Industries Ltd, one of the leading textile unit in India for supply of Auto Doffing Draw Texturising Machine. Himson Engineering Pvt Ltd has executed this prestigious order for supply of Himson TMT Draw Texturising Machine Model ATH 12 F/V each with 288 spindles in joint corporation with world re-known TMT Japan (TMT Machinery , Inc Japan) This is the 1st time in India Auto Doffing Machines are manufactured and installed also, this the 1st time in world to supply this machine with 288 spindles

Address : Level of Office : Website : Industry : Sub Industry : City : State :

Hiralal Cly., A K Road Head Office www.himson.com Garment , Textile, Engineering, Capital Goods , Machines Textile Machines, Instruments Surat Gujarat Machineries ,

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Pin : Company Type : Total Turnover : No. of Employees : Sector : 395008 Industry Best 100-250 Crs 501-1000 Private Sector

Business Type : Year Established No. Of Employees Export Turnover Annual Turnover Bankers Products Manufacturing and Exporting

Exporter / Manufacturer 1970 50 Rs 20 Crores 20 BANK OF BARODA Yarn processing machinery from draw texturising machines to draw twisting machines, air texturising machines, two for one twisters for filament yarn, ...

List of Board of Directors Directors 1. Shri Surajram H. Bachkaniwala 2. Shri Shantilal H. Bachkaniwala 3. Shri Bhogilal H. Bachkaniwala 4. Shri Pannalal H. Bachkaniwala 5. Shri Rajanikant S. Bachkaniwala 6. Shri Dinesh S. Bachkaniwala
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Bankers Bank of Baroda Parsi Sheri, Surat.

Auditors M/s. Natvarlal Vepari & Co. Chartered Accountants.

Company Secretary Mr. Pankaj Savalia.

Registered Office Hiralal Colony, Ashwanikumar Road, Surat- 395008.

Works
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1. Hiralal Colony, A.K. Road, Surat. 2. Borsara Machines, Village Kim 3. G.I.D.C. Pandesara, Surat. 4. G.I.D.C. Ankleshwar 5. Somnath Industrial Estate, Daman 6. Borsara Machine, Village Amil, Silvassa 7. Indo-Nippon Filaments, Karanj, Ta. Mandavi. 8. Silvassa Machines, Silvassa. 9. Ambica Textile Engineers, Pandesara. 10. Palod Machines, Palod.

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2.1 Basic understanding of marketing and sales :


a. Meaning of marketing and sales:

Market:The common usage of market means a place where goods are bought or sold. In its strict meaning market need not necessarily mean a place of exchange.

Marketing: -

Marketing is concerned with selling but now a days the concept has enlarged its meaning. We know that a product is provided with the aim of sale. The aim producer totally depends on marketing. Without marketing no unit can run. It covers marketing research, new product development and so many other important functions.

Marketing is the process of discovering and translating consumer needs and wants into product and service specifications, creating demand for these products and services and then in turn expanding this demand.

But, here in Himson Engineering Pvt.Ltd. There is no more need of the marketing in selling activity of the products because this company has no more competitors who can reduce the market demand of this companys product.So here customers come to this company and asks for its products

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b. Differentiate between marketing & sales:


Marketing 1.marketing is a total system of business activities. Selling 1.selling means exchange of goods or services against payment of price. 2.marketing is a broadliy defined concept. 3.starting point of marketing is the target market. 4.focus on customers needs satisfaction. 4.focus is on product. 2.selling is a narrowly defined concept. 3.starting point is factory.

c. Detailed structure of marketing department.

CEO

Marketing
Manager

Clark

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2.2 Marketing Environment.

a. concept of target & target customers:


All the people, companies, organizations have directly and indirectly concern with textile industries.

b. Macro environment:
Following environments are affected to HIMSON PVT.LTD

Legal environment: Legal environment consist of factors related to planning,promotion &

regulation of economic activities.It also affects the activities of an organization.It consists of the following factors:

1. the constitutional framework.its directive principles fundamental rights & powers of the center & states.

2. Industrial policy regarding investment & financing of industries.

3. policies relating to price controls.

4. Imports & exports policies.

5. Policy related consumer protection.

6. regulation of foreign exchange.

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Technological environment: Today we live in a fast changing technological environment.It has profound influence over business activities & its capabitility to compet others,it consists of the following factors: 1. Sorces of the technology such as R & D department of the company itself.

2. technological environment,phase of development,chances in technology rate of chnges & R & D activities.

3. Impact of technology on human beings,environmental efferts of technology & man machine system.

4. communication & infrastructure related technology useful in management.

Economical environment: Economical environment comprises of factors of production & distribution of weaith in the nation.generally it is made up of the following factors:

1. Phas of economic development during specific period of time.

2. economic ideology adopted by the nation such as capitalism,socialism or mixed economy.

3. economic planning,budget etc.

4. Economic policies such as industrial policy,monetary policy,fiscal policy etc.

5. economic indicators like growth rate of GDP,rate of saving rate of capital formation,industrial production index,stock exchange index,balance of trade,balance of paymants,per capita income etc.

6. infrastruture facilities like roads railways,ports,banking & insurance service,supply of electricity,means of communication etc.
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Details of competitors :Today, competition is not only rife but growing more intense every year. The markets have become so competitive, understanding customers are not longer enough. Companies must start paying keen attention to their competitors. Successful companies design and operate systems for gathering continuous intelligence about competitors. The major competitors of Himson Textile Engineering Industries Pvt Ltd. are as under 1. Barmay (Germany) 2. Bata (Japan) 3. Alidhra 4. Musata The main objective of each company is to increase its market value.

2.3 consumer & industrial buying behaviour:


a. Meaning of consumer & indusrial buying behavior:
Meaning of consumer buying behavior: Consumer buying behavior may br as the acts of individuals in obtaining & using a product or services including the decision processes that precede & determine these acts.

Meaning of industrial buying behavior: Induustrial buying behavior is the bu=ying decision making process by which the formal organization identifies its needs for5 products, raw materials & services & identifies,evaluates & chooses among alternatives brands & suppliers with an objectives of sharpening its competitive edge.

b. Design process of both behavior:


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Consumer buying behavior process

Step 1.Problem or need recognition


How do you decide you want to buy a particular product or service? It could be that your textile machine stops working and you now have to look for a new one, So you have a problem or a new need. For high value items like a textile machines or spare parts or other low frequency purchased products this is the process we would take. However, for impulse low frequency purchases e.g. confectionery the process is different.

Step 2. Information search


So we have a problem, our textile machine no longer works and we need to buy a new one. Whats the solution? Yes go out and purchase a new one, but which brand? Shall we buy the same brand as the one that blew up? Or stay clear of that? Consumer often go on some form of information search to help them through their purchase decision. Sources of information could be family, friends, neighbours who may have the product you have in mind, alternatively you may ask the sales people, or dealers, or read specialist magazines like What new textile machine ? to help with their purchase decision. You may even actually examine the product before you decide to purchase it.

Step 3. Evaluation of different purchase options.


So what textile machine do we purchase? Shall it from different companies of textile industry Consumers allocate attribute factors to certain products, almost like a point scoring system which they work out in their mind over which brand to purchase. This means that consumers know what features from the rivals will benefit them and they attach different degrees of importance to each attribute. It
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could be that the a review the consumer reads on the particular product may have tipped the balance and that they will purchase that brand.

Step 4. Purchase decision

Through the evaluation process discussed above consumers will reach their final purchase decision and they reach the final process of going through the purchase action e.g. The process of going to the shop to buy the product, which for some consumers can be as just as rewarding as actually purchasing the product. Purchase of the product can either be through the store, the web, or over the phone.

Step 5.Post Purchase Behaviour

Ever have doubts about the product after you purchased it? This simply is post purchase behaviour and research shows that it is a common trait amongst purchasers of products. Manufacturers of products clearly want recent consumers to feel proud of their purchase, it is therefore just as important for manufacturers to advertise for the sake of their recent purchaser so consumers feel comfortable that they own a product from a strong and reputable organisation. This limits post purchase behaviour. i.e. You feel reassured that you own the latest advertised product.

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HIMSON ENGINEERING PVT.LTD. Industrial buying behavior process:


Step 1.Problem or need recognition
Problem or need is recognized by a result of internal and external stimuli.the internal stimuli followed by Aalidhra is as follows: Aalidhra decides to develop new product requiring new machines, equipments, and materials. Break down of a machines requiring replacement. Purchased materials are found unsatisfactory Aalidhra searches for new supplier.

Step 2.General need description


Once a need is identified the buyer determines the general characteristics of the needed items. Quality required is also specified. For the standard product in this there is not so much customer involvement.

Step 3.Product specification


In this stage Aalidhra prescribes the detailed specification of the items required. In the order to prescribe technical specifications of the item Aalidhra may assign a product value analsis engineering team to the project.

Step 4.Search of suppliers


After Precribing the specification the aalidhra tries to search out the suppliers or vendors. Main sources out the suppliers or vendors . main sources of the search of vendors are trade directories, internet, watching trade advertisement, visit to industrial exhibition phone to other companies for recommendations etc.

Step 5.Inviting proposals from qualified suppliers


At this stage proposals in the form of sealed tenders are invited from the qualified suppliers or vendors.
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Step 6. Selection of suppliers


Before selecting a suppliers the buying centre will specify the attributes of desired suppliers of desired suppliers like production capacity, quality control system, services after sale, relations with the union, price etc.

Step 7.Determination of order size and placement of an order


After selection of suppliers order size is determination and order containing the quality specifaction the quality specifactions, price, quated by the suppliers and negociated by Aalidhra.

Step 8.Performance review and feedback


This stage is important for the suppliers because it is concerned with reviewing the performance of the suppliers.Generally the buying center review the performance of the suppliers and obtains feedback from all department using the suppliers products.

2.4 Product:
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a. Meaning of product:
The product is the most tangible and important and single component of the marketing programme. Without a product, there is nothing to distribute, nothing to promote, nothing to price.

To the marketer products are building blocks of a marketing plan. Good products are key to market success. Product is the vehicle by which a company provides consumer satisfaction. It is the engine that pulls the rest of the marketing programme. Products fill in the needs of society. They represent a bundle of expectations to consumers and society.

A product is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need.

c. Classification of products : The products may be classified into the following categories:

Industrial Products: Industrial goods are those, which are used for further production of goods or services, and include capital goods, raw materials, component parts etc. These are used as input in producing other products.

Consumer Products: Consumer goods are meant for final consumption by consumers and not for sale. Himson Pvt. Ltd. is producing industrial goods, which indirectly affects the consumers.

Product Mix :

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Product mix is also called as product assortment which is the set of all product lines and items that a particular seller offers for sale to buyers. A companys product mix has certain width, length, depth and consistency. These concepts are illustrated for industrial products of Himson Pvt. Ltd.

WIDTH Draw texturisin g machine L E N G T H HDS1500AT SDS700CR HDSEX2 HDSVX2 HDS-TT HDS-CX DT-3000 DT-90EN DT75R Two for one Knittin g machin e CAMB ER RAPTEC H- SPRINT RPV- Rappier weaving machine Precisio Weavi n cone ng winder machi ne

Jacqu ard PK1200 Dobb y PKD200

1. Width:
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The width of a product refers to how many different product lines the company carries. The above table shows a product width of 6 lines. 2. Length: The length of the product refers to the total number of items in the mix. In the above table it is 15.

3. Depth: The depth of a product refers to how many variants are offered of each product in the line.

4. Consistency: The consistency of a product refers to how closely related the various product lines. All the machines are texturising machines in Himson Pvt. Ltd.

d. Product Life Cycle : -

As every being has life, a product has its life. Industrial goods may have a longer life than consumer goods. When a product idea is commercialized, the product enters in to the market & competes with the rivals, for making sales & earning profits. Products, like human being, have length of life. This has been described as life cycle in human beings & when applied to products which is called as PLC.

As we know that Himson Pvt. Ltd. produces industrial goods & these goods are used for producing consumer goods. Industrial goods are long term purchasing decision

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e. Packing and Labeling: There are mainly two product which are been manufactured in Himson Engineering pvt. Ltd.And number of sub assembly for manufacturing the main product are also produced in the company .it means the company.It means the company contain in house production system.in the surat branch only the number of sub assembly are manufactured and transported by the trucks.There are

probably 200 to 255 sub assemblies ,which plays an important role in production process of texturising machine are been produced and they export these sub assemblies to the kim plant and other customer according to their order.

Packaging: The packaging and labeling of the Himson Engineering Pvt.Ltd is very simple and easy .through it play an very important role for the transportation of the machine through road route. After making the product Himson group covers the entire product in plastic. Then after the product is been put in the wooden boxes. The wooden boxes are also been manufactured in the Himson engineering pvt .Ltd means company again contain in house production system.

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1. It protects the product against the calamities. 2. The degree of damage is been reduced by such type of packaging. 3. It helps to deliver the product safety to the destination.

Labeling: The labeling system is used to describe the details of the products which are been exported to the customers. In Himsion Engineering Pvt. Ltd. Labeling system is comprehensive. The main objective of labeling is there should be no mistake while exporting the machineries to the customers means some times to the wrong order is been transported to the customer. So labeling system reduces such type of mistakes.

In Himson Engineering Pvt. Ltd. Labeling can be done as below: Company name and address. Receivers name and address. Number of boxes. Brief details of products in those boxes. No.of items in each box. Length,weight and gross weight.

So, in this company, descriptive type of labeling is been used to define the packed parts.

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f. Brand & Brand equity:


Brand: Brand means a name,a term,a sign,symbol or design or a combination of these intended to identify the goods or services of one seller and to differentiate them from those competitors A brand is a sellers promise to deliver consistently a specific set of features,benefits and services to buyers. The best brand convey a warranty of quality. Importance of brand: 1. It is easy to identify the product. 2. The brand gives a separate identity to a product. 3. Brand can be a trand mark. 4. Brand gives legal protection. 5. The producers can be identified with the barnd name. 6. A brand can be a symbol of quality.

Brand equity: A set of assets and liabilities linked to a brand,its name and symbol that add to or subtract from the value provided by a product or services to a firm and or to that firms competitors 1. Brand loyalty of customers. 2. Brand name awareness. 3. Brands perceived quality. 4. Brand association in addition to quality perceived.
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5. Other proprietary brand assets like patents,trademarks,channel relationships etc.

2.5 Pricing:a. Meaning of price:


Price may be defined as the exchange of the goods & services in terms of money. What you pay is the price for what you get.

There are mainly five customers in India of this company and the price for each product is generally 1.0 crore to 1.5 crore rs. This company also contains many customers in abroad countries like Japan, South Africa, Sri Lanka, U.K, Nepal, Germony etc.Usually this company sets the price of each product around 1.5 crore to 2.0 crores for the customers of foreign countries.And company set the price for each product around 1.0 crore to 1.5 crore.For the customers of India. Pricing decisions have strategic importance in any enterprise. Pricing governs the very feasibility of any marketing programme because it is the only element in a marketing mix accounting for demand & sales revenue.\

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b. Pricing strategy:
Himson Pvt. Ltd. uses the following pricing strategies for their different product:

Penetration pricing: A low price is designed in the initial stage with a view to capture greater market share. When the large number of competitors are existing in the market at that time Himson uses this strategy for pricing.

Skimming pricing: This pricing strategy is characterized by high initial price of the product at the time of introduction of the product in the market. Manufacturers aim at the shortest period, where market conditions are also favorable. The price is brought down when competitors enter in to the market field.

Pricing decision:

1. No., Himson Pvt. Ltd. Draw Texturising M/C Model, HDS-CX2 Having 264 Spindles with inverters, Non-contact debtors, Intermediate Traverse,

Microprocessor Based Temp. Control, 1-4-1 PU discs, HPS Cradles, Std. Box Creel and Battery-Back-up system W/O battery. Rs.__________ The price quoted above is on ex-works Surat, Silvassa basis. Forwarding, insurance, freight, excise, sales tax, octroy and any other applicable taxes would be charged extra to customer account at the ruling rate of the time delivery of the machine.

The price is based on the current foreign exchange rate and custom duty at 25% on imported components. Any variation in the foreign exchange and custom duty at the time of clearance of imported components would be customers account.
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The price mentioned is also based on the prevailing Govt. Policy and regulation import controls and on foreign exchange rate and foreign exchange transaction. Hence any variation on the same at the time of supply of machine would be to your account. Packing: @ 3% will be charged extra. Delivery: Within-two weeks after receipt of customers firms orders along with necessary non-refundable security deposit and clarification on all technical/commercial points. Payment: 20% non-refundable security deposit along with customer from order and remaining 80% against proforma invoice before delivery of the machine Erection & Commissioning: Not included in the above prices. Spare Parts: No spare parts are included in the above prices. Validity: The offer is valid for 60 days only from the quotation date.

This quotation is subject to our General Terms and Conditions of supply. The prices quoted and deliveries indicated are subject to Force-Majeure Conditions and final confirmation by them at the time of acceptance of customer firm order along with necessary advance payment.

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HIMSON ENGINEERING PVT.LTD. 2.6 Place:


a. Meaning of Place:
A channel of distribution means a system consisting of different marketing intermedieries through which products or services are distributed from the place of manufacturer to the utilities consumer.

b. Functions of channel of distribution:


1.Collection of information. 2.Search of potential customers. 3.Stimulate demand through advertising. 4.harmonising supply with individual needs. 5.Collection and classification of products. 6.Transportation and storage. 7.Advice and guidance to the consumers. 8.Concession in payment. 9.Undertake business risk. 10.Transfer of ownership rights.

c. Channels of distribution:
Channel of direct sale of goods:Zero level channel 1. Direct sale from the factory. 2. Direct sale through retail shops.
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3. Sale through salesmen. 4. Sale through main order. 5. Sale by telephone. 6. Auction sale. Channels of indirect sale of goods:one or more level channel Here well discuss about direct sale from the factory: Direct from the factory:

In certain cases manufacturer directly sells its product to the consumer from the factory or place of production. Hough the use of this channel is very limited,the manufactures of perishable products and food canning products often use this channel of direct sale from the factory. In certain cases cloth mills also open a small store in factory and sell cloth to the employees of the mill and also to the public. Generally small manufactures producing price product items use this channel. Advantage of live contact with the consumers,speedy delievery and avoidance of middlemens profit are the merits there are certain limitations channel. Himson pvt.ltd. company also uses this channel of distribution.

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2.7 Promotion:
a. Meaning of promotion:
Promotion means a set of efforts made by the company for stimulating the demand for its product or products without making any alteration in product mix,price and channel of distribution.

b. Elements of promotion mix:


Promotion mix means a set of tools like advertising,public relations and publicitu,sales promotion ,personal selling and direct marketing used by the marketer for the promoting sales by stimulating demand through persuasive communication.\ 1. Advertising. 2. Public relations. 3. Personal selling. 4. Sales promotion. 5. Direct marketing. Here well discuss about advertising and direct marketing:

Advertising: advertising can be defined as any paid form of presentation and promotion of ideas,goods and services by an identified sponsor

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Characteristics of advertising: 1. Non personal form of communication. 2. Wide spread media. 3. Identity of the sponsor. 4. Payment of the price.

Direct marketing: There are many forms of direct marketing but the main forms are direct mail,telemarketing,electronic marketing etc.they all use persuasive communication for stimulating demand. Characteristics of direct marketing: 1. Communication message is non public. 2. The message can be customized to appeal to the addressee person. 3. The communication message can be prepared very quickly for delievery to a specific person. 4 . There is in teractive communication.

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c. Communication process:

Step 1.Identify the target audience. Image is the set of beliefs, ideas, and impressions of the target audience about the company. its product and competitors. Peoples attitude and buying behaviour toward the product of the company are highly conditioned by the image the audience hold about the company and its product. Therefore, the first step of the communicator should be to measure the knowledge of the target audience about the product. In the HIMSON target customer are all the people related to the textile industries Step 2.Determine the communication objectives. The objectives of communication should be to move the target audience step by step towards higher states of readiness to buy. It meanes there is a hierarchy or sequence of communication objectives leading the target audience from cognitive stage or awareness stage to effective and behavioural stage. This sequence is Learn Feel Do sequence. The main objective of the communication is to make inspire the target audience to buy the product of Himson for their textile production unit. Step 3.Design the message. After defining the desired response of the audience the communicator has to develop an effective message. according to AIDA model the message should gain attention, create interest, arouse desire and elicit action. The AIDA model suggests the desirable qualities of any communication message. Step 4. Select the communication channel. The communicator after designing and preparing the message should select efficient channel for that Aalidhra has select Direct marketing and advertising.

Step 5. establish the total promotion budget.


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Aalidhra established affordable method for the total promotion budget.

Step 6. Decide on the promotion mix. Promotion mix consist of advertising,public relations and publicity, sales promotion, personal selling and direct marketing. Factors affecting promotion mix to Aalidhra: Type of product market Push Vs pull strategy Buyer readiness stage Product life cycle Market rank of the company

Step 7. Measure the promotions results. Every efforts might have been made for developing effective communications. Marketing communication is a cistly affair.

Step 8. Manage and co-ordinate the intergrated marketing communication process. We know that marketing communication includes promotion mix. Though the things have changed many companies still rely on one or two communication tools to achieve their communication objectives.

2.8 Marketing control:


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a. Meaning and importance of marketing control:


Meaning: Marketing is a process of measuring and evaluating the results of marketing strategies and plans and taking remedial actions to ensure that marketing objectives are achieved.

Importance of Marketing control: 1. Control on selling cost. 2. To balance the sales of different products. 3. To maintain regional balance of sales. 4. To control the selling activities of the salesmen. 5. Successful implementation of marketing plans.

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Introduction
Definition:

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Production is the process by which row material and other inputs are converted into finished goods or services so that the utility of inputs is enhance and the needs of customers are satisfied.

Production management:
Production management refers to the application of management principles to the production function or process in a factory or on organisation.

3.1

Type of plant layout used:


In the Himson they do not use any particular one plant layout but they use combine plant layout of following two layout.

1. Product layout 2. Cellular manufacturing layout

3.2 Material handling equipments used:


Himson uses trolly and goods lift to move raw material from one place to another palce.

3.3 Production planning:


Production planning is based on the customers orders

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Desig n
Design

development Design

Item master

Sales order

Design
Design Design

Rout card

Main planning

MRP Process

Work order

Indent

Purchase order

inward

P-2 P-1

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P-3 P-5 P-7 P-6 P-4

P-9

P-8 Raw material Against W.O. Finish receipt to store

P-10

P-11 P-14 P-15 P-12 P-16 P-13

3.4 Production scheduling:


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a. Scheduling strategies for production process:
there are two types of scheduling: -Backward scheduling. -forward scheduling. AALIDHRA use forward scheduling. b. Priority control techniques used for scheduling

jobs:

There are about six to seven priority rules for priority control and they are as follow 1. FCFS First come first serve 2. SPT Shortest processing time 3. LPT longer processing time 4. LS - Least slack 5. CR Critical ratio 6. EDD Earliest due date 7. PCO Preferred customer order Above seven are the different priority control rules which are use for sequencing scheduling the work In the Himson Company they use the all of the first rule and that is First Come First Serve. They give the first priority to those customers who come first.

3.5 Inventory control:


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Objectives of carrying inventory To keep the production process continuously moving, if there is enough stock of row materials so that the time taken for last moment purchases is avoided Some products may require assembling of various spare parts. The production time for each spare part might be different. semi-finished goods inventory is maintained to store spare parts taking less production time till the spare parts with high production time are produce To be helpful in efficient purchasing, maintenance of optimum stock is closely connected with a system of inventory control To get the quantity discount advantage. Prices will not remain constant throughout the year; it may fluctuate from time to time. so to get the advantage of low price it is necessary to keep inventory. Purchasing of raw material takes time. Some time is elapsed between placing an order and receiving it. So to reduce purchasing lead time inventory is helpful. To overcome from the shortage problem inventory control is necessary.

b. Calculation of EOQ and Safety stock:


EOQ: Economic order that quantity ordered at which the total orderind costs and inventory carrying costs will be the minimum.alternatively it is called as Economic lo size.If orderd are placed for a relatively small quantity frequently,the company will have to place orders again and again during a year,consequently it will have to incur considerable costs in the form of transportation cost and clerical expenses.

EOQ Ci

= 2COD

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Where EOQ=Economic order quantity Co=Ordering cost D=Demand Ci=Inventory carring cost

c. Inventory Classification:
-ABC System -VED system -SFN system In himson.pvt.ltd,They use VED system to classification of their inventories. VED System: This type of analysis divides items of stock into three categories that is in the descending order of their criticality. Here, V= stands for vital items and their stock analsis requires more attention because out of stock situation will result in stoppage of production. Thus V items must be stored adequately to ensure smooth operation of the plant. E= means essential items. Such items are considered essential for efficient running of the concern but without these items the system would not fail. Care must be taken to see that they are always in stock. D= stands for desirable items which do not affect the production immediately but availability of such items will lead to increase in efficiently and reduction of fatigue

Inventory classification in himson.

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Sr No 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 Material class Allu. casting extrusion Bearings C.I.Casting Electrical motors Electrical item Electronics item Finished goods Finished item General [packing item] Hard wares Paints & oils Semi finished goods Stationery Steel [gas cut] Steel[raw] tools Code series A B C J E I F&H F P H,F, & Z P S Q D R T w/h code 22 21/26 22 21 24 25/28 27 21/26 21/26 21/26 21/26 21/26 21 22 22 21 Storage Floor & rack Cupboard Floor & rack Floor Floor & rack Floor & rack Floor & rack Floor & rack Floor Floor & rack Floor & rack Floor & rack Rack top Floor & rack Floor & rack Cupboard

FLOWCHART OF WORK INWARD

Received Material from NAVNIRMAN INSTITUTE OF MANAGEMENT vendor with challan and bill

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3.6 Quality control:


a. Objectives of quality control
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The main objective of quality control is to satisfy the functional & or aesthetic needs of end users/customers of goods or services. The other objectives derived from this main objective are as following: 1. To clearly define top managements commitments towards quality and production. 2. To design the product which has futures as required to satisfy the needs. 3. To keep the features of the product within specified limits as predetermined. 4. To ensure consistency of quality by measuring and controlling it: there by to maintain the reliability of the products. 5. To balance the costs of inspection of quality and benefits of quality control. 6. To involve and train employees in quality control activities. 7. To help vendor development by quality control of incoming raw materials and components.

b. Techniques used for quality control:


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The Quality policy of HIMSON TEXTILE ENGINE ERING IND.PVT.LTD. Shall be.

We, at Himson Group, are dedicated to continual improvement of our products and services. Our focus is customer satisfaction at all times, and striving to exceed his expectations. We will always comply with our quality management system and improve its effectiveness, by establishing performance objectives for our product and people.

DT. 01/01/2010

Bhogilal H. Bachkaniwala Managing Director

The above quality policy has been explained to all employees of the organization through displays, training and suitable method to ensured that Quality policy is Understood and implemented at all levels of organization. Any new person joining our organization is made aware of the quality policy. He is also explained the quality objectives of the organization.

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c. Guidlines follow for Quality Control:

1. Certification against QMS ISO-9002 2. 3 D Coordinate Measuring Machine 3. Measuring & Testing Equipments for large size components up to 2000 mm 4. Standard Room for in-house calibration of Measuring & Testing equipments 5. Laser Interferometer for CNC machine Tools Calibration Helium Leak Detector (Mass Spectrometer)

Flow chart of material inspection

Material loading on Machine wit h Route Card, Drg. & Job card

Required Operation done as

per Drg. & Route Card

Inspection

Fail

Pass

Fail

Rework

Reject

Surface Treatment If Required

Regrade or Scrap

Fail
Inspection

pass

Store

Rework

Reject Dispatch Regrade or Scrap

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3.7 Cost control:


a. Classification of various components:
Labour costs:

Satndard time developed by time studies,predetermined time standards or work sampling,often from the basis for labour cost standards if they work at a normal place. The standard labor cost for a particular unit of activity is then the summation of the standard times multiplied by the base labor rate. Material costs:

The efficient use of material is the concern of much design and value engineering effort as well as production control effort. Material requirements for a given product are typically specified on engineering drawings or production control documents. Overhead costs:

Some elements of overhead cost,such as building depreciation aere fixed costs whereas other components such as supervision,maintainance and factory supplies are often classified as variable V or perhaps semi-variables SV.

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3.8 work Study:

It is a method to examine human work, material resources and critical examination of all factors, which affects the efficiency of the organization. It includes analysis of method study and time study.

In Himson Pvt. Ltd., there is not any perfect system for analyzing the time required to do the job by the worker and also do not critically investigate the resources. The main reason for it is that they produce according to order received from the customers.

There are some machines which are automatically controlled i.e. they are computerized and some machines are manually handled. There is less idle time in automatic machines because it is totally programmed by computer.

In Himson Pvt. Ltd., at CNC Machine Center one machine is from Feeler Company of Taiwan. In this machine idle time is zero and it one of the advantageous matter for Himson Pvt. Ltd.

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4.1 Introduction:
a. basic introduction about HR department:
Human resource is an integral part of management process which is concerned with equipping every class of work force working at different level of organization with knowledge ,intelligence experience skills values attitudes etc. with an objective of motivating them for effective and efficient goal achievement. Human resource department is also very essential part in management of the Himson Engineering pvt.ltd.. there are number of workers in this company, who are working with one another with the help of magnificent and decent human resource system. They have been achieving the set target and goals since last few years, just because of their consistent coordination and healthy interaction among the workers who are working in the Himson Engineering pvt.ltd. They are given adequate responsibilities from the top management and that is the reason they are achieving best result, which helps them in achieving their goals.

b. total numbers of employers & total numbers of branches.

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The company has about 1200 employees on its rolls, of which, about 150 (13%) are Management/Executive staff and 150 are technical staff. There are about 150 ancillary units owned by qualified engineers. This has helped the company easily absorb the latest technology and adopt the same to meet the global requirement. There are about 11 sales executives from different cities of the India and their qualification mostly with textile engineering with MBA. Following are the branch of HIMSON.:

a. To study organizational structure:

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Marketing manager Finance manager

Chartered Accountant

Jobbers

HR manager Planing manager Chairman Managing Director Computer department Electronic Manager Purchasing Manager

Supervisor

Supervisor

Jobbers

Jobbers

Workers

Inspection Inventory and storage Production Planners

Production manger

d. To study the activity of HR manager:


MANAGER:
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A manager is a person who completes his/her task through the available resources. His/her style should be leadership through demonstration. A

manager should be able to manage the matters of the organization effectively & efficiently. ACTIVITY OF MANAGER: -

Communication: It is a process through which an information, idea or opinion is transfered to more number of persons. It is defined as a process of exchanging the facts, ideas, opinions, symbols, messages, emotions by two or more persons. It is helpful for smooth working increasing in the managerial efficiency, decision-making, maintaining industrial peace, public relation and saving in time to the organization. In communication following points are important: Language Two way communication Code Contents of the message Clarit

Motivation: Motivation is an urge or tension to move in desired direction or to achieve certain goal. This is an effective tool for getting critical tasks completed within specified (desired) period &/or in desired manner.

Decision Making:

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What, when, where, why, by whom & how a specific job or a part of the job is tobe done these are the most of the decisions a manager has to take. Correctness of the decision depends of on the information & the knowledge the concern manager is holding.

Co- ordinatination : Large scale of Himson Engineering Pvt.Ltd recruits a large number of personnel. They are working on the basis of division of the work and specialization. Here is a need of synchronizing the different activities being carried out by different individuals /groups /departments /division. This synchronizing technique is called co-ordination. The co-ordination is effectively done through decision-making, communication & motivation.

Development: This involves development of self as well as the sub-ordinates. One has to develop both his/her self & sub-ordinates, so that one can take more or extra responsibilities by empowering own sub-ordinates. This can be the most beneficial to all i.e. to the organization, to the boss & to the sub-ordinates. The organization can allot maximum responsibilities to a single reliable manager. The manager can become capable of taking charge of the areas other than his field & can widen his scope of promotion.

The sub-ordinates get chances for up-liftment, which can be a great motivation.

4.2 Human resorse planning:


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a. human resource plaaning process:
step 1. clarification of objectives:

HRP begins with clarification of its objectives.well defined objectives provide direction to personnel efforts and guidelines for making personnel decisions.

Step 2. Estimating the future requirements of human resources: 1. Employment trends. 2. Need for filling the vacancies. 3. development. 4. productivity.

Step 3. Collection of information regarding present human resources: 1.man power inventory. 2.Skills inventory. 3.Human resource audit. Step 4. To determine job requirements. Step 5. Estimating human resource supply. Step 6. Preparation of human resources plans for implementation of HRP.

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b. Job description &job specification of the various positions in the organisation. Job Analysis: They use different measures for job analysis. Especially for allotment of job, they emphasis on any of following first three points with the fourth most important one: Qualification: A person should be educationally qualified for the job to be done. Experience: A person has earned the capacities of doing job through experience OR Attitude: With any one or more of the above three criteria, this one is the most essential point. An attitude is a status of mind or feeling that includes predisposition to behave in someway. A tangency or a predisposition to evaluate an object or symbol of that object in a certain way.

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HIMSON ENGINEERING PVT.LTD. 4.3 Recruitment and selection:

Recruitment : In Himson Engineering Pvt.Ltd . the process of finding and attracting capable applicants for employment . The process begins when new recruits are sought and ends when their applicants are submitted. Selection : It is the process of differentiating between applicants with a greater likelihood of success in a job.

a. Himson pvt.ltd. uses external source of recruitment & its advertisement: Advertisement:
Himson pvt.ltd. gives advertisement in different news papers & business managines and recruit employees.

b. Factors affecting recruitment:


when company required new talent. when present employees leave the company. at the time of expansion. At the time of boom period of product life cycle.

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c. selection process:
The process for the recruitment & selection of Himson Engineering Pvt.Ltd is given below:
Receiving Application: -

Screening: -

Primary Interview: -

Written Test: -

Personal Interview: -

Final Approval: -

Placement: -

Step 1.Receiving Application: Himson Engineering Pvt.Ltd receive applications from the prospective candidates. The main purpose of the application is to obtain information in the applicants' own presentation regarding his suitability for the employment. In Himson Engineering Pvt. Ltd . applications are received through the reference of employees and directors and also with the help of employment service providers.

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Step 2.Screening: In Himson Engineering Pvt.Ltd Screening means critical evaluation of received applications. After receiving the applications, the next stage is to screening of that application. The main object of screening is to abandon further consideration with the specification of the job. The screening ideas are expected to be favorable to the most suitable to the job. Step 3.Primary Interview: The main objective of primary interview in Himson Engineering Pvt.Ltd is to short out the unqualified candidate due to lack of certain requirement in education, age, experience etc. If an applicant is shorted out in the early stage of selection procedure, the company can save the expenses and time of processing him through remaining steps of procedure. In Himson Engineering Pvt.Ltd, they ask the applicants' family background, history, hobbies, and interest etc. Here in Himson Pvt. Ltd., all the selected candidates are checked in the both of the stages. 1. 2. Primary Secondary

Step 4.Written Test: Himson Engineering Pvt.Ltd also take written test for parameters, which includes logical reasoning, general english, numerical questions, general knowledge, aptitude test i.e. aptitude is for checking whether the candidate is capable to work in the field or not and also to check his depth in the relevant field. Communication skill and presentation skill are checked for that essay writing is also included in this test.

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Step 5.Personal Interview: After going through written test, in Himson Engineering Pvt.Ltd , they take their aptitude and attitude test on the basis of their hobbies and other social interest. They give more importance to these two points with other relevant questions of relevant fields. Step 6.Final Approval: When all tests, interviews, etc. are over a summary report is prepared and is for ended to the authority with suggestions for his approval or advice. Step 7.Placement: The selected candidate is placed on job for which he/she is selected.

Process of recruitment & selection of Himson Engineering Pvt.Ltd :

In Himson Engineering Pvt Ltd., first of all decided how many number of personnel are to be contacted and what type of personnel to be contacted. Then after they decide area from where they will get their employee. They looks employees at internal recruitment, present employees, employees referral, professional association, advertisement, campus recruitment, Radio& television etc. They starts finding the employees before two months ago from their required time. Then after screen out employee and decides whether they are applicable to do the job or not. In this step, preliminary interview is to be taken, in this interview general question is asked and check the capability of the applicant. Employment interview is to be taken and the applicant who passed all above step is selected. Job is offered to selected applicant through letter of appointment.

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HIMSON ENGINEERING PVT.LTD. 4.4 Training and development:

Training Process Training is a short term process utilizing a systematic and organized procedure by which non-managerial personnel learn technical knowledge and skill. Training helps the persons to improve their knowledge and skill. This is self development process. Training based on learn & teach. Training puts its meaning powerful when it receives a positive and better feedback from trainees. The complete system of Himson Engineering Pvt.Ltd..

Need of training in Himson Engineering Pvt.Ltd :

To improve knowledge & skill. To develop attitude & behaviour. Reduced cost, accident and mistake. Increase efficiency To increase productivity Imparting information on new technology and methodology. To maintain industrial relation.

Infrastucture of Himson Engineering Pvt.Ltd for training department : Whatever the things and materials, facility required for imparting training. Training room/Seminar room. Board Chair OHP (Over Head Project) VCR, CD Player Television Audio deck karaoke facility. Automatic slide projector Computer with multimedia facility
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Video projector demonstration for technical guidance. Picture and feature for illustration

4.5 Performance appraisal system:


"Performance Appraisal means systematic evaluation of the personality and performance of each employee by his supervisor or other person trained in the techniques of performance appraisal." Himson Engineering Pvt.Ltd does not follow any formal performance appraisal system. The supervisor himself evaluates his subordinates practically while he is performing his job.

4.6 Promotion and transfer policies:


Transfer And Promotion of Himson Engineering Pvt.Ltd: TRANSFER: "Transfer involves change in a job or job location of an employee without a change in level of responsibilities or remuneration. A transfer differs from a promotion." In Himson Engineering Pvt.Ltd, transfer is done for the following reasons: 1. Opportunity for the employee at the other place. 2. Person is more capable or suitable for other specific job i.e. he can work better on other place. 3. New post/ vacant post: For the new post or a post is vacant because of any reason a person capable of taking responsibility can be suited with his work. 4. Person not capable for present job.

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They include two types of transfer:

Inter-Unit: It means an employee is transferred within the units. For example: An employee working in A. K. Road Unit is transferred to Borsara Unit.

Inter-Department: It means an employee is transferred within the departments. For examples: An employees working in marketing Department of Borsara machines is transferred to the HRD Department of Borsara machines.

PROMOTION: "A promotion is a transfer of an employee to a job which pays more money or one that carries some preferred status." In Himson Engineering Pvt.Ltd, they give promotion on the basis of merit. Main advantages of merit are: 1.) Generates greater motivation 2.) Increase Productivity 3.) Recognize and reward the extra knowledge and capacities 4.) Scientific and logical systems for promotion 5.) Increases the profitability and efficiency of an organization.

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HIMSON ENGINEERING PVT.LTD. 4.7 Wage and salary:


Wages & Salary Administration of Himson Engineering Pvt.Ltd Compensation or Remuneration is the reward in monetary terms or in the forms which can be express or understood in monetary terms payable to or paid to employees for the services rendered by them to the organisation. It includes such areas as job evaluation, survey of wage and salaries analysis or relevant organizational problems, development and maintenance of wage structure, establishing rule for administering wages, wage payments, incentives, wage changes and adjustments etc. While deciding the structure of wages and salaries, Himson Engineering Pvt Ltd. follows Basic wages Provident fund Attendance Special allowances Overtime House Rent allowance Convenience allowance

All above factor are being taken in mind while deciding wages & salaries of employees. In case of time rate wages, its decided based on attendance of particular employees. In Himson Engineering Pvt Ltd. wages or salaries will be paid on 7th day of each month

Incentives & Motivation System of Himson Engineering Pvt.Ltd Incentives are payment plans which provide encouragement by extra payment over and above regular time rated remunaration for the extra performance.in Himson Engineering Pvt.Ltd To get desired or targeted result, himson can provide extra remunaration for better performance of employees. In other words, an

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incentive scheme is a plan or programmes to motive individuals or group performance. Himson Engineering Pvt Ltd. and other company also use certain incentives to

motivate its employees. Motivation means to force a person and involve him to complete the work in right time and place with help by providing a basic need or special need to worker. Specially Maslows need hierarchy used to motivate employees such as basic need, special need, safety need, recognize, identify, self realization. Extra salary is one such type of incentive which is given to those employees who show sincerity and regularity throughout the year in their work. Salary is the main factor to motivate employees. Safety need is also used to complete the work.

4.8 Employee welfare activities:


Welfare facility of Himson Engineering Pvt.Ltd: Welfare facility means the facilities which supports the employees to satisfy their needs like medical facilities, schools and kinder garden for their children, sports, canteen, transportation facilities, colony for their housing facility. In Himson Engineering Pvt.Ltd, they give all these facilities. There are no recreational facilities but as & when worker required it, they provide or support to the employees. Leaves are given to them are 26 as per rules within the year.

Safety to employees of Himson Engineering Pvt.Ltd: They provide safety for employees like special dresses, hand gloves and spectacles while working in the factory etc. Lift,, fire alert system camera?????,,,, Insurance scheme:
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Himson Engineering Pvt.Ltd, provides insurance schemes is W.C. i.e. Workman Compensation which is applied to the managerial staff also including insurance. Trade Union: ~ As per the section 2(B) of the Indian Unions Act of 1920, a trade union is any combination of persons whether demography or permanent primarily for the purpose of regularity, the relation between the employees & employers & for imposing restrictive conditions on the conduct of any trade or business & includes the federation of two or more principles of trade union. There is no trade union in Himson Engineering Pvt.Ltd. They apply open door policy i.e. to contact directly to the personnel manager or/and director if any employee has any grievance. As there is no trade union, there is no matter of collective bargaining. If any employee has any grievance, they solve it by one - to - one bargaining.

Grievance Handling: -

Grievance means dissatisfaction may happen for any

reasons like promotions, payment of wages and salary, leave, transfer, bonus etc. This grievance is removed properly or by proper procedure known as grievance handling procedure. In Himson Engineering Pvt.Ltd, the grievance handling system is handled by supervisor. In Himson, grievance handling process subject to following three steps: 1. The employees are supposed to submit his grievance to verify to his immediate boss & the supervisor is supposed to give answer or fulfill the grievance within 3 days. If the worker is not satisfied then he can submit his grievance further.

2. In this step the aggrieved workman can submit his grievance in writing to the senior officer of the department & the officer is required to reply within 7 days. Here also if the employees are not got proper answered or not satisfied then he can submit his grievance further.

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3. The grievance forward to secretary of the grievance committee or in monthly meeting of union management by the senior officer of the concerned department.

After finishing these steps, if the workers are not satisfied then they should have the right to appeal to chairmen & managing director when they may examine the matter. They also handle grievances by councilling.

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Introduction:
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When a person thinks to do any typical economic activity or transaction, he must first think about sources of money as a means of transaction. It is not only important to economic activity but also to business. The importance of the finance in the business is similar as the importance of the spring in the clock. Finance is required from the starting of business until it terminates, as a means of the business transaction. Finance is the lifeblood of the business enterprises. Finance is the first & foremost need of any unit. Financial management is that managerial activity which is concerned with the planning & controlling of the firms financial resources as a separate activity displain. It is of recent origin. In Himson Pvt. Ltd., there is finance department. It is handled by the top-level management. At A. K. Road unit, there is a separate finance department like other departments in the organization. Mr. I. K. Laiwala and Miss Forum are finance controller. Most of the important financial decisions and some policies are taken by them.

5.1

Detailed organizational structure of finance department:


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Finance Manager (CA)

Assistant Manager

Chief Accountant

Head Clark

Assistant Clark

5.2 Cost sheet


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A. Unit Cost:

It consist two types of cost. 1.Raw material cost. 2.Labour cost.

1. Raw material cost:a. Raw material cost-discount(if any as per approved purchase order) b. Excise Duty (paid to central government) c. Taxes . d. Freight, transportation and rejection.

2. Labour Cost:a. Outstanding labour cost. b. Inhouse labour cost includes I. II. III. IV. V. Power Direct labour..m/c operator*wage earning rate. Indirect labour..wages/salary related involvement in production. Consume oil, spares, inserts, electronics in m/c.

Overheads 1. service department, salary, factory expences, repair and maintenance, adm. overheads etc. VI. VII. Machinery dept. for 1 shift 4.75 per year, for 2 shift 7.42 per year. Rejection etc.

B. Calculation through computer programme:-

I.

Raw material cost(item wise)


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Inward item wise/ vendor wise, record during period. Showing basic rate/excise/taxesas per order. II. Assembly cost Item required in assembly as per planning*cost/item III. Labour cost O/s labour cost as per item wise/vendor wise. IV. Rate rs.*operation time/itemwise/machine wiseas per planning department.

5.3 CASH FLOW STATMENT

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For the year ended 31-32010 amount in rs. A Cash flow for operating activity Net profit before tax &extraordinary items add Adjustment for Depreciation Loss on sale of asset Previous year adjustments MAT Credit entitlement Exchange rate difference Preliminary expenses 16825726 1642536 For the year ended 31-3-2009 amount in rs.

11374099 2207643 5049474 24034 45404 18700654

9502365 3400

829336 45404 10380505

less

Adjustment for Other income Previous year adjustments Profit on sale of shares/mutual fund

6857127 4678666 11535793

6783689 279762 4870753 11934213

Operating profit before working capital changes add Adjustment for Increase in current liability & provision Decrease in inventory Decrease in deposit & advances Decrease in sundry debtors

23990587

3196245

11138234 5 78724717 77589705 71277174 227591597 11962598 12334494 3

less

Adjustment for Increase in deposit & advances Decrease in current liability & provision Increase in inventory

62724539

156685790 156685790 87867010 15059154 9


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Cash generated from operation Less Provision for tax Net cash from operating activities A 94896394 30442851

3086222 91810173

286028 30728879

B Cash from investing activities Add Adjustment for Other income Sale of investment Decrease in loan advanced Decrease in fixed assets Adjustment for Purchase of fixed assets Increase in investment

6857127 102629101 220220 382181

6783698 6823001 374000 2012461

less

62170867 102973331 165144198 B 55055569

29962640 29962640 13960480

Net cash used in investing activities C Cash flow from financing activities Add Adjustment for Increase in share capital Increase Share application money Increase Secured loans Increase Unsecured loans

8823100

10734590 19557690

39523739 30000000 69523739

less

Adjustment for Decrease Share application money Decrease Unsecured loans Decrease Miscellaneous expense

8823100 30000000 2008936 38823100 2008936


67514803

Net cash used in financing activities D Exchange rate difference Net increase in cash & cash equivalents

19265410 24034

D a+ b+ c+d

829336

17465159

21996109
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cash & cash equivalents cash & cash equivalents Cash & bank balances Cash on hand Balance with bank - In current account - In deposit account Total 1062302 1075050 90096721 107561880 68100612 90096721

44650642 61848936 107561880

32084009 56937662 90096721

5.4 WORKING CAPITAL MANAGEMENT

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Management of working capital is an extremely important area of financial management as current assets more than half of the total assets of a business. Fixed assets through essential for a business organization, does not by itself produce revenue or income. Fixed assets act with current assets to generate revenue or income. Therefore, working capital is necessary for utilizing the productive capacity of fixed capital. For shortage of working capital, the enterprise would suffer reduction in earnings due to productive capacity remain unutilized. While, excess working capital leads to extra cost for want of productive capacity. Thus, the amount of working capital in every enterprise, whether manufacturing or non-manufacturing, should be neither more or less than what is actually required. Working capital in business is just live blood in human body. Optimum and appropriate movement of blood through the body is extremely necessary to continue life. Like human blood, the proper circulation of funds

(working/circulating capital) is utmost necessary to continue business. If the circulation of working capital becomes weak, the businesses can hardly prosper and service. An enterprise should maintain optimum amount of working capital so as to carry on the productive and distributive activities smoothly. While, the determination of optimum level of working capital involves fundamental decisions to an organizations liquidity, which in turn are influenced by a trade off between profitability and liquidity. Thus, goal of working capital management is to manage the firms current assets and liabilities in such a way that satisfactory level of working capital minted.

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Cash in the important current assets for the operations of the business. Cash is the basic input needed to keep the business running on continuos basis, it is also the ultimate output expected to be realized by selling the service or product manufactured by the firm. The firm should keep sufficient cash, neither more or less. Cash shortage will disrupt the firms manufacturing operation while excessive cash will simply remain idle, without contributing anything towards firms profitability. Thus, a major function of the financial managers is to maintain a sound financial position. Cash management involves following four factors: I. Ascertainment of the minimum cash balance and controlling the levels of cash. II. III. IV. Controlling cash in flows Controlling cash outflows Optimum interment of surplus cash.

Cash is required to meet a firms transactions and precautionary needs. A firm needs cash to make payment for acquisition of resources and services for the normal conduct of business. It keeps additional funds to meet any emergency situation. Some firms maintain cash for taking advantages of speculative changes in price of input and output.

EVALUATION OF CASH MANAGEMENT PERFORMANCE: -

The following ratios have been used to evaluate different aspects of cash management. (1) Cash to Current Assets Ratio. (2) Cash turnover Ration. (3) Average age of Cash. The figures of cash and Bank Balance, total current assets and current liabilities for the year 2000-01to 2002-03 are given in the table.

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Cash Management in Himson Pvt. Ltd. ITEM 1 Cash& Bank Balance 2 Total Current Assets 3 Total Current Liabilities 2007-08 68100612 213016302 115106501 Ratio (%) a) Cash to Current Asset Ratio (1/2) b) Cash Turnover Ratio (3/1) c) Average age of cash (365/b) days 0.319 1.69 215.97 3.44 2.56 142.57 0.51 4.025 90.68 2008-09 90096721 261885017 231306472 2009-10 107561880 208224149 70688700

(Table 8)

Cash Turnover Ratio


4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 4

Cash turnover (%)

2.56 1.69

2007-08

2008-09 Year

2009-10

2007-08

2008-09

2009-10

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Avg. Age of Cash
Avg. Age of Cash (days) 250 200 150 100 50 0 2007-08 2008-09 Year 2009-10 142.57 90.68 215.97

2007-08

2008-09

2009-10

b. Management OF RECEIVABLE: When firm sell goods for cash, payments are received immediately and therefore no receivables are created. However when a firm sells goods or services on credit, payments are received only at a future date and receivables are created. It is an essential marketing tool in modern business trade. Credit creates receivables, which the firm is expected to collect in near future. A firm grants credit to its customers so that its sales are its customers so that its sales are not lost to competitors. Account receivable constitutes a significant portion of the total current assets of the business after inventories. The receivables arising out of credit has three characteristics. I. II. It involves an element of risk, which should be carefully analyzed. It is based on economic value. To the buyer, the economic value goods or services pass immediately at the time of sale, white the seller expects an equivalent value to be received later on. III. It implies futurity. The customers from whom receivables have to collected in future are called debtors and represents the firms claim or asset.

DEBTORS TURN-OVER RATIO: NAVNIRMAN INSTITUTE OF MANAGEMENT Page 77

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This is also called Debtors velocity or Receivable Turnover. A firm sells goods on credit and cash basis. When firm extends credit to its customers, book debts are created in firms A/c debtors expected to converted in to cash over short period and thus included in current assets. It is used to measure liquidity of the receivables or to find out period over, which receivables remain uncollected. Receivable turnover Ratio Total Sales = ----------------------Average Debtors Debt collection period 365 = -------------------------Receivable turnover ratio

Receivable Management in Company

Year

Sales

Avg. Debtors

Ratio

Collection Period

2007-08 2008-09 2009-10

927937551 464926581 836956557

50998182.5 45016883.5 9378296.5 (Table 7)

20.61 10.33 89.24

117.7 35.33 4.09

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Debtors Turnover Ratio
100 90 80 70 60 50 40 30 20 10 0 89.24

Debtors Turnover Ratio

20.61 10.33

2007-08

2008-09 Year

2009-10

2007-08

2008-09

2009-10

Debt Collection Period


140 120 100 80 60 40 20 0 2007-08 2008-09 Year 2009-10 35.334 4.09 117.709

Debtors Turnover Ratio

2007-08

2008-09

2009-10

b.

Management Of Inventory: -

Inventory constitute major portion of current asset of public Ltd. Companies in India .The manufacturing companies hold inventories in the form of Raw material, work-in-process and finish good, There are at least three motives for holding inventories. (1) To facilitate smooth production and sales operation (Transaction motive)

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(2) To guard against the risk of unpredictable changes in usage rate and delivery time (Precautionary Motive) (3) To take advantage of price fluctuations. (Speculative Motive)

Inventories represent investment of a firms funds and that is why management of inventory is necessary for the maximization of the value of the firm. The firm should therefore consider (a) Costs (b) Return (c) Risk Factors in establishing its inventory policy.

Evaluation of inventory management performance: Ratio analysis has been used for making evaluation of Inventory management performance. As the raw material used in the company is pig iron, proper planning and handling is required for the purpose of achieving the right quality of output. The ratios for last three years have been worked out and compared. The various figures are given in the table.

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INVENTORY MANAGEMENT IN HIMSON .

ITEM 1 Average Inventory 2 Total Current Assets 3 Cost of Good Sold

2007-08 329550.5

2008-09 331822.5

2009-10 414866

929189

1086729

1327797

760872

891349 Ratio (%)

15207147

a)Inventory to Gross Working Capital (1/2) b)Inventory Turnover (3/1) c)Inventory Conversion Period (365/b) days

0.35

0.30

0.31

2.31

2.69

3.67

158

136

99

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Inventory Turnover
4 Inventory Turnover 3.5 3 2.5 2 1.5 1 0.5 0 2000-01 2001-02 Year 2002-03 2.31 2.69 3.67

2000-01

2001-02

2002-03

Inventory Conversion Period (days)


180 Inventory Turnover 160 140 120 100 80 60 40 20 0 2000-01 2001-02 Year 2002-03

158 136 99

2000-01

2001-02

2002-03

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Balance sheet
SCH ED ULE As at 31-32008 As at 31-32009 As at 31-32010

A Source of funds
1 shareholder's fund (a) share capital (b)share application money (c)reserves & surplus 2 loan funds (a)secured loans (b) unsecured loans 3 deferred tax liability C D 69338485 110410394 405687 108862224 140410394 119596814 110410394 3911452 B A 19925000 8898100 125217782 19925000 8898100 123415143 38710600 75000 130537813

Total B application of funds 1 fixed assets E

334195448

401510861

403242074

36090246A (a) gross block (b)less: depreciation (c )net block 2 Investments current assets, loan & 3 advances (a)inventories (b)sundry debtors (c)cash & bank (d)deposits, loan & advances F 4 295188592 65713872 55329062 372168586 288010300 84158286 53367814 435966210 299384398 136581812 58390710

G 121656743 101996365 68100612 44560954 336314674 209523753 90033767 90096721 106911493 496565734 130799036 18756593 107561880 29101568 286219077

less: current liabilities & provisions

H Page 83

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(a)current liabilities (b)provisions 115106501 8191872 123298373 4 net current assets 5 miscellaneous expenditure I 213016302 136212 231306472 3374246 234680718 261885017 20999744 70688700 7306229 77994929 208224149 45404

Total

334195448

401510861

403242074

Profit and loss account


As at 31-32008 As at 31-32009 As at 31-32010

schedule

1 Income (a)sale/income from operation (b)other income (c)increase/(decrease)in stock J K L

927937551 7986587

464962581 863956557 11654451 11535793

17325875

-17030170

-223566

total 2 Expenditure material consumed manufacturing & operating expenses employee's remuneration &benefits sales & administrative expenses preliminary expenses M N

953250013

459586862 875268784

810582496

365998510 717757831

57204530

44053624

48800575

23510612

26099212

33716076

16418141 45404

11746634 45404

13754868 45404 Page 84

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HIMSON ENGINEERING PVT.LTD.


written off

total profit before financial 3 chrg; dep & tax financial expenses profit before depreciation 4 & tax less: depreciation 5 profit before tax less: provision for taxation current income tax deferred tax fringe benefit tax 6 profit after taxation add: balance brought forward less: previous year adjustment add: MAT credit entitlement balance carried to balance sheet Q

907761183

447943384 814074754

45488831 4924719

20607478 12747650

34194030 5994205

40564111 5372717 35191394

7859828 950365 -1642536

28199825 11374099 16825726

4516772 189820 213655 30271147 -405687 286028 -1522877

3086222 3911452

9828053

5043589

110367730 108565091

561451

279762

-2207643

5049474

34753285

108565091 125650261

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Common size statement
Schedule As at 313-2008 As at 313-2009 As at 313-2010

A Source of funds
1 shareholder's fund (a) share capital (b)share application money (c)reserves & surplus 2 loan funds (a)secured loans (b) unsecured loans 3 deferred tax liability total B application of funds 1 fixed assets (a) gross block (b)less: depreciation (c )net block 2 Investments 3 current assets,loan & advances (a)inventories (b)sundery debtors (c)cash & bank (d)deposits,loan & advances less:cureent liabilities & provisions (a)cureent liabilities (b)provisions A B 5.962 2.662 37.468 4.962 2.216 30.737 9.599 0.0185 32.372

C D

20.747 33.037 0.121 100

27.113 34.970

29.658 27.380 0.970 100

100

E 107.991 88.328 19.663 F G 36.402 30.519 20.377 13.333 100.634 H 34.442 2.451 36.894 63.740 I total 0.040 100 57.609 0.840 58.449 65.224 5.230 100 17.530 1.811 19.341 51.637 0.011 100 52.183 22.423 22.439 26.627 123.674 32.436 4.651 26.674 7.216 70.979 16.555 92.692 71.731 20.960 13.291 108.115 74.244 33.870 14.480

4 net current assets 5 miscellaneous expenditure

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ANALYSIS THROUGH RATIOS: -

The ratio analysis provides guides and clues especially in sporting trends towards better or poorer performance and in finding out significant deviation for any average or relatively applicable standards. The following are the important ratios to measure the current financial status

1. Ratios relating to liquidity of working capital: Liquidity ratios are used to measure the ability of firm to pay its maturing obligation in time. This ratio helpful for both short-term creditors and internal management of the firm. The following are types of ratios relating to liquidity of working capital. A.REVENUE STATMENT RATIO a. gross profit ratio G.P = -------------------net sales 2007-08 360902464 = -------------------927937551 =38.89 2008-09 372168586 = -------------------464926581 =80.04 2009-10 435966210 = -------------------836956557
=52.08 NAVNIRMAN INSTITUTE OF MANAGEMENT Page 87

*100

*100

*100

*100

HIMSON ENGINEERING PVT.LTD.


Interpretation: In the year 2006-2007 the G.P ratio is low, so it indicates that the cost of sale is high or that the purchasing is inefficient. In the year 2007-2008 and 2008-2009 these ratio is consequently increasing.

b.NET PROFIT RATIO N.P. = -------------------Net Sales 2007-08 65713872 = -------------------927937551 =7.08 2008-09 84158286 = -------------------464926581 =18.10 2009-10 136581812 -------------------836956557 *100 *100 *100 *100

=16.31 Interpretation: This ratio is used to measure the overall profitability. It is generally fluctuating and very less. Managers have to try to increase it.

c.operating ratio COGS + Operating = -------------------Net Sales *100

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COGS = opening stock + purchase closing stock

2007-08 810528496+73622671 -------------------927937551 *100

=95.28

2008-09 356998510+55800258 -------------------464926581 =88.78 2009-10 717757831+62555443 -------------------836956557 *100 *100

=93.23 Interpretation: This ratio shows the efficiency of the management. The higher the ratio, the less will be the margin available to proprietors.

d.expenses ratio 1.administrative ratio

Administrative expenses = -------------------Net Sales

*100

2007-08
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16418141 = -------------------464926581 =3.53 2008-09 11746634 = -------------------464926581 =2.526 2009-10 13754868 = -------------------836956557 =1.64 Interpretation: This ratio reveals the relation of different expenses to net sales. In this ratio the lower the ratio, the greater the profit. So if company wants to increase the profit it has to try make to lower expenditure. *100 *100 *100

2.financial expenses ratio Financial expenses = ------------------------------Net Sales 2007-08 4924719 = -------------------927937551 =0.53 *100 *100

2008-09

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12747650 = -------------------464926581 =2.74 2009-10 5994205 = -------------------836956557 =0.716 *100 *100

3.Current Ratio: It is most com mon measure for measuring liquidity. It is also called Working Capital Ratio. It expresses relationship between current assets & current liabilities. Current assets = -------------------Current liabilities

2007-08 213016302 = -------------------115106501 =1.85 2008-09 261885017 = -------------------231306472 =1.132 2009-10 208224149 = -------------------70688700
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=2.94 The acceptable norms for this ratio is 2:1 considering this it can be said that company has maintained sound ratio over three year Interpretation: Current ratio is increasing year by its 1.08 in year 2006 and increases by 0.18 in year 2007 i.e. 0.90 which increases by 0.34 in 2008 i.e. 1.24. It is satisfactory for the company.

4.liquidity ratio

Liquid assets = -------------------liquid liabilities 2007-08 2007-08 213016302 - 95947064 -------------------115106501 =1.01

2008-09 261885017 195879321 = -------------------231306472 =0.285

2009-10 208224149 125253893 -------------------70688700

=1.173
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Interpretation: Its optimum ratio is 1:1. In the year 2009 its liquidity position is improved.

e.propritary ratio Share holders fund = -------------------Total assets

2007-08 154040882 = -------------------334195448 =0.40 2008-09 152238243 = -------------------401510861 =.379

2009-10 169323413 = -------------------403242074 =0.4199 Interpretation: This ratio below 50% alarming for the creditors since they may have to lose heavily in the event of factorys liquidation on account of heavy losses. However company recovered its ratio in year 2009.

f.debt-equity ratio Long term debts = -------------------Share holders fund


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2007-08 78420987 = -------------------154040882 =0.50 2008-09 90033767 = -------------------152238243 =0.59 2009-10 18756593 = -------------------169323413 =0.110 Interpretation: Higher the ratio means that outside creditors have a large claim than the owner of the business. In the 2009 ratio is somewhat reduced. g.return on shareholder ratio Net profit = -------------------Share holders fund 2007-08 65713872 = -------------------154040882 =42.66 2008-09 84158286 = -------------------152238243 =55.28 2009-10
NAVNIRMAN INSTITUTE OF MANAGEMENT Page 94

*100

*100

*100

HIMSON ENGINEERING PVT.LTD.


136581812 = -------------------169323413 =80.66 h. Debtors Turnover Ratio: This ratio shows the period of which receivable remain uncollective. The ratio is doubled in 2002-03 as compared to 2000-01. So serious steps should be taken to reduce the collection period though sales increase. Debtors + Bills receivable -------------------Net credit sales *365 *100

2007-08 78420987 = -------------------927937551 =30.846 2008-09 90033767 = -------------------464926581 = 70.682 2009-10 107561880 = -------------------836956557 =46.908 *365 *365 *365

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Interpretation: Higher the number of collection days more unsatisfactory for the company.

h.total assets turnover ratio Sales = -------------------Assets

2007-08 927937551 = -------------------334195448 =2.776

2008-09 464926581 = -------------------401501861 =1.157

2009-10 839656557 = -------------------403242074 =2.082

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There are some job qualifications and experience which are required for- some posts or designations. So here the appropriate and minimum job qualification and experience for the appropiriate designations is given below

Conclusion: -

During my industrial training at Himson Textile Engineering Industries Private Ltd., I found that there is cooperative managerial staff & workers & also good & efficient management in each & every department & workers are fully satisfied with their management because the main purpose of Himson is to achieve their goals involving each & every employee. Since its establishment, it has been profit-making organization.

In India during 1992-1995 they had monopoly in texturising manufacturing which gives benefit to them today also. The end customer of Himson can also earn good profit by using their machineries.

Company Profiles

Himson Textile Engineering Industries Pvt Ltd. is the flagship company of the Rs. 4.0 Billion Himson group. About 50 years ago, Himson started its activities with only few looms to manufacture quality fabrics. Since then the group activities have grown from strength to strength. Firstly Himson concentrated on expansion in the loom shed and subsequently dyeing and finishing houses were added for further growth through integration. For diversification of the product, further lace and embroidery units were established. Till this time growth was slow and steady with focus only on textile.
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[1970] Onwards

In the 1970, the main focus was moves towards high growth. At this time, the company saw the opportunity for manufacturing synthetic yarn, processing machineries. The market for these products was large but untapped. The seeds for these were shown with the commencement of manufacturing of up twisting and rewinding machines and Himson Textile Engineering Company Ltd. came in to being.

[1978] TIE UP WITH EARNEWST SCAGG.

In 1978, the company came on the fast track. But the real momentum to growth was provided in 1978, when Himson Textile Engineering Company Ltd. tied up with Earnest Scragg Sow Ltd., U.K. to manufacture draw texturising machines in India. Then, the company satisfied the local requirements by the way of getting best technology which was available in abroad. This strategy has been performing well and has made the company an undisputed leader in synthetics yarn processing machinery. This has been achieved by capturing almost 85% market share in spite of big competition from leaders. Synthetics yarn-processing machinery has been accepted leadership by leading POY manufactures by placing large quantity of machine orders. Himson Textile Engineering Company Ltd. provides efficient and prompt after sale service to the customers so that Himson Textile Engineering Industries Pvt Ltd. also enjoys high reputation for in house research and technology developments. Himson Textile Engineering Company Ltd. has captured more than 70% of the domestic market share to supply synthetics yarn machinery.

[1997] TURNOVER TOUCHES Rs. 3 BILLION


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The turn over of Himson Textile Engineering Industries Pvt Ltd. 1974 1989-90 1996-97 6.0 Millions 4.0 Billion (the group of company) 3.0 Billion (Himson Textile Engineering Industries Pvt Ltd. ) 2001-02 _________ (Himson Textile Engineering Industries Pvt Ltd. )

There are different type of machines are being used to manufacture a wide range of yarn processing machinery. There Product Range are from draw twisting machines to draw twisting machines, air texturising machines, two for one twister for filament yarn, Automatic shuttle changing looms, Rapier Looms and High speed circular knitting machines. Ancillary units manufacture precision spindle, high quality ceramic guides/components and heater for DTY/DT machines, PU discs, silk yarn processing machines and jute looms. Roughly 2.3% of total turnover stock is remain in the company every year.

[1998] TIE UP WITH M/s. TEINJIN SEIKI Co. LTD., JAPAN:-

In 1998, Himson has entered into a technical collaboration with M/s Seiki Textile Machinery Co. Ltd, Japan to manufacture high-speed draw texturising machines with energy conserving short heater and auto doffing.

Himson Textile Engineering Industries Pvt Ltd. enter into collaboration with M/s. Camber International of U.K. to manufacture high speed circular knitting machines and creating the market demands.
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Himson

Group- A Success Story

1937 1950 1954 1955 1970 1974 1977 1978 1979 1982 1983/84 1985/86 1987 1988

to Birth of group by weaving activities. Steady expansion to a larger area with increased loom age Nylon filament weaving to Growth as a leading man made fiber/filament fabric weaving operations Nylon filaments (1966), crimping the beginning of synthetics yarn processing. Start to Manufacture of twisting & rewinding machinery Import substitution award by government of India for indigenous machinery development. Collaboration with M/s. Earnest Scragg Ltd., U.K. for manufacturing of crimping/ texturising machinery in India. First draw twisting machinery delivered to leading synthetic filament plant. Himson ceramics in collaboration with Unilator Ltd., U.K. Collaboration with Fadis S.P.A., Italy for precision cone winders. Collaboration with Kukje Machinery Company Ltd., South Korea for shuttle changing looms. Collaboration with Teijin Seiki Company Ltd., Japan for draw twisting machinery. In house research and development center at Kim Gujarat
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State. 1989/90 Collaboration with Heating elements Ltd., U.K. heaters for texturising and draw twisting.

Competencies requirement of personnel

Sr no 1

Designation

Job qualifications & Experience

skill

Manger

Bachelor of engineering with 5 years works experience.OR- diploma in mechanical engineering with 8 years works experience. OR i.T.i with 10 years works experience.

Over all management of department. Good communication skill. Awareness of department activity leadership

Assistant works Bachelor of mechanical manager engineering with 2 years work experience. OR diploma in mechanical engineering with 6 years works experience. OR I.T.I with 10 years works experience. Maintenance in Bachelor of mechanical charge engineering with 4 years works experience. OR
NAVNIRMAN INSTITUTE OF MANAGEMENT

Leader ship knowledge of problem solving technique. Knowledge of MRP system.

Knowledge of machine tools. Capable to maintain the machines


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HIMSON ENGINEERING PVT.LTD. diploma in mechanical engineering with 8 years works experience. OR I.T.I with 10 years works experience. 4 Purchase officer in good working condition. Capable to co-ordinate with production dept.

Bachelor of mechanical Capable to co-ordinate engineering OR diploma in with planning engineering department good communication and negotiation skiil knowledge of MRP system. Marketing skill. Graduate in any faculty with 3-years works experience
Job qualifications & experience

Stores, inward and dispatch in charge.


Designation

Knowledge of MRP system. Know how to material handling & preservationtechnique.


Skill

Sr. NO. 6

Planning Incharge

Graduate in any faculty with 5 years work Experience. Diploma in mechanical engineering

Knowledge of MRP syste Good co-ordination skill. Detail knowledge of ISO documents. Knowledge of computer operating.

Document control incharge

Production Engineer

Bachelor of mechanical engineering OR Diploma in mechanical engineering.

Capable to handle worke Knowledge of tooling & machines. Knowledge of system

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9 Quality control Engineer Bachelor of mechanical engineering OR Diploma in mechanical engineering

Knowledge of measuring

Instruments. Analyzing Q data for continual improvement purpose.

Capable to co-ordinate w production department. 10 Maintenance Engineer Diploma in mechanical / electrical / electronic engineering

Knowledge of machine to Capable to maintain the machines in good workin conditions.

11

Supervisor

I.T.I

Capable to handle worke

Knowledge of tooling machines & inst. Knowle of MRP system. 12. Maintenance Supervisor I.T.I with 3 years works experience

Knowledge of machine to Capable to maintain the machines in good workin condition.

13

Quality control Inspector

I.T.I OR 2 years works experience

Knowledge of measuring instruments.

Capable to read engineer drawings. 14. Clerks S.S.C Knowledge of computer Operating know how of documents related to departments. 15. Maintenance I.T.I OR 1 years works experience.

Capable to maintain the machines in good workin condition. Knowledge of tooling, machines & instruments

16

Operator

I.T.I OR 2 years works experience

Payment to Employees: NAVNIRMAN INSTITUTE OF MANAGEMENT Page 103

HIMSON ENGINEERING PVT.LTD.

Current Year (Rs. in 000s) 39,106 Salaries & Wages


Contribution to P.F., F.P.F. & Labour Welfare Expenses Leave With Pay Bonus

Previous Year (Rs. in 000s) 31,222 1677

1977

Gratuity Exgratia & Production Incentives/Utility Service

1183 3251 255 1183 856

802 2341 496 --767

Time Keeping System: ~

Time keeping system has been introduced to check up the entry & existence of the workers and staff members in the organization. Wages, salaries, leaves of employees are calculated on the basis of time keeping system.

Himson Pvt. Ltd. at A. K. Road follows both types of the time keeping system viz., card punching and muster roll. The card punching system is for workers and muster roll system is for managerial staff.

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HIMSON ENGINEERING PVT.LTD. Muster roll is a system in which the managerial staff has to maintain the date and time of their arrival as well as departure. Company has one time keeping officer who works after staff and workers.

In Himson Pvt. Ltd. at Borsara - Kim, card punching system is for time keeping in which when the employee enter that time is noted and also time of leaving is noted.

There are two types of cards: 1.) Green cards for staff.

2.) Red cards for workman.

This system is not applied to the G.M., M.D. and Directors. In this industry there are three shifts in production department.

=> KAI-ZEN: -

It is a combination of two words; one is KAI & second is ZEN. KAI-means change in the present work habits & ZEN- means better than before. Through this, they develop habit of changing them & their department for betterment. => Suggestions Schems: -

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HIMSON ENGINEERING PVT.LTD. In Suggestion scheme any member of the organization can offer to give their best suggestion for the development of the organization and employee. After this management studies these suggestions and use it for the benefit of the organization. Suggestion can be technical or commercial. Then reward and award are given to the best suggestions.

=> Value Engineering (For technical Staff): -

Value engineering is one of the techniques of increase in productivity of the organization. In this method value of the product remain same by decreasing the cost.

Cost means the monetary value of the product, which should be decrease without compromising with the function of the product.

=> Achievement Sharing: -

Achievement sharing means to appreciate the person who has got some special achievement in the particular field than others. This appreciation gives an encouragement to the employee so that he/she gets motivated and more work efficiently in the organization, which benefits to both the organization and employees.

=> Group Competition: -

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HIMSON ENGINEERING PVT.LTD. This is one of the best tool for increasing productivity. Here two or more groups working in a common field are motivated to compete with each other for better efficiency & capacities. After a specific period winning team is rewarded with attractive awards.

Description/Specification : * Most suitable for producing precision wound packages. * Ideally suitable for dyed and/ orgrey Nylon, Polyester, Polypropylene and other filament yarns. * Feed packages of cones, cheese, dye packges, cops and twisted yarn packages. * Highly precise traverse boxes gives winding speed up to 700 mts/min. * Anti pattering and ribbon breaking mechanism for producing best quality packages. * Gate tensioners for uniform tensioning. * Take up package weight up to 2 kgs. * Can adopt intermingling jets for producing assembly wound yarns up to 3 ply. * Lick rollers type oiling system. * Sturdy and robust machine structure gives vibration free operation.

Company Name :

State of the art individual shaft driven inverter controlled two for one machine series. All parameters are settable through MMI making operations of the machine overly simplified. Precision control of all parameters give excellent control over entire machine operation giving world-class yarn quality. * Equipped with best quality spindles. * Most suitable for producing low & medium twist yarn of polyester, Nylon, Polypropylene and other filament. * Adjustment ceramic overfeed Description/Specification roller speed for variety of yarn and twist range. * Considerable savings in power and : labour cost due to its well designed drive arrangement and ergonomic layout. * Individual Taper Mechanism gives precise build packages. * Sturdy and robust machine structure gives vibration free operation.

We offer quality knittings machines that provide excellent stitch and finish. Variety of knitwear's with innumerable pattern can be produced using these machines. These machines are fully automated and are designed for perfect accuracy. Fitted with adjustable drives for speed control, our range of knitting machines are available with Description/Specification variety of optional accessories. Standard Features : * Electronic needle fault detection * Hand Rack unit * Uniwave element + cam lubrication * Three sets of
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inch 'stop' start buttons * Safety door switch Timed internal needle + sinker blower system * Digitally controlled AC drive * Bottom blower and top fans (Lint removal) * Collective stitch cam adjustment * Digital display unit featuring : Run speed display, roll size stop, shift counter with totalizing and pre-set readout.

Company Name :

Description/Specification : A state of the art cam driven, dwell sley, high speed weaving machine with an

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unequaled techno-economic feasibility to get the best of everything in the simplest way the result of many efforts. Thanks to its well conceived simple, state of art ergonomic design which guarantees sustained quality & flexibility for weaving Textile articles like shirtings, Dress Materials, Furnishing, Fabrics or any other fashion fabrics made not only from Cotton, Wool, Man made Fiber & their blends but also from the delicate Silk, Metallic yarn, Fancy yarn etc. Yarn Types & Counts Range * Spun yarn of Natural & Man-made Fibre-Nm 200-3 (Ne : 120-1:8) * Filament yarn continuous or Texturized 20 den-2000 den. * Various types of Blended, Metallic (Lumex), Glass fibers, Jute & Fancy yarns. * The superior metallurgical construction with steel side frames & cross members ensure the smooth & reliable operation without any vibrations which can be handled by even unskilled or conventional loom operator. It offers shed formation possibilities by, Cam motion, Dobby (16-24 jacks) or Jacquard shedding system. Description/Specification : A state of the art cam driven, dwell sley, high speed weaving machine with an unequaled techno-economic feasibility to get the best of everything in the simplest way the result of many efforts. Thanks to its well conceived simple, state of art ergonomic design which guarantees sustained quality & flexibility for weaving Textile articles like shirtings, Dress Materials, Furnishing, Fabrics or any other fashion fabrics made not only from Cotton, Wool, Man made Fiber & their blends but also from the delicate Silk, Metallic yarn, Fancy yarn etc. Yarn Types & Counts Range * Spun yarn of Natural & Man-made Fibre-Nm 200-3 (Ne : 120-1:8) * Filament yarn continuous or Texturized 20 den-2000 den. * Various types of Blended, Metallic (Lumex), Glass fibers, Jute & Fancy yarns. * The superior metallurgical construction with steel side frames & cross members ensure the smooth & reliable operation without any vibrations which can be handled by even unskilled or conventional loom operator. It offers shed formation possibilities by, Cam motion, Dobby (16-24 jacks) or Jacquard shedding system.

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