Documente Academic
Documente Profesional
Documente Cultură
General
1
Informatio n
INDEX
Sr. No. 1 2 3 4 5 6 7 8
Particular Introduction History & Development of Company Project at Glance Company Profile Management Team Award & Achievement Organization Chart Questionnaire
Pg. No. 3 4 5 7 9 11 12 13
INTRODUCTION
In todays competitive environment, time plays an important role. All the world moves forward on the tick tick of clocks. A famous proverb time once lost cannot be recovered says it all. Time is the biggest uncontrollable, though important factors in the hands of human beings. Considering the importance of time, human being have always tried to control; it. But a small step has been achieved by measuring time. There is a well known proverb that Time and tide wait for none. In modern world time has become the most precious thing. Today everybody feels shortage of time and everybody tries to run with the time, it becomes necessary to measure it. Their measurements are cloaks and watches. Thus clocks and watches have become necessary. The importance of diminished as watches and clocks make the whole world move on time.
PROJECT AT GLANCE
Name of the Company: Year of commencement: Location: Ajanta Quartz Limited 1971 AJANTA QUARTZ LTD. ORPAT industries Estate Rajkot Highway Morbi-363 641 Gujarat (INDIA) Private LTD. Ellora Time Ltd. Orpat Industries Estate, Rajkot Highway, Morbi-363 641 Gujarat (INDIA) +91-2822-231444-45-46 +91-2822-230125 marketing@orpatgroup.com www.orpatgroup.com April to March Largest Scale Unit ORPAT ELECTRONIC AJANTA QUARTZ REWA
Phone No.: Fax: E-mail Address: Web site: Accounting year: Size of unit: Brand name:
COMPANY PROFILE
ELLORA TIME LTD., more known by the brand AJANTA as well as ORPAT, situated in Morbi, Gujarat, has a built-up area of 1200000 sq. ft. The company is currently providing employment opportunities about 6000 workers (90% female). This very large volume of infrastructure helped the company in achieving big goals since years. And now the company stands on a strong group and has the credit of the WORLDS LARGEST CLOCK MANUFACTURER as well as only company in India that Manufacturers calculator and Educational toys and the leader in telephone manufacturing. With the dedication, commitment and hard work the company has a wide range of products in different segments. Clocks, Telephones, Calculators, Timepieces and Educational toys are just to name a few. Recently ORPAT entered into the Home Appliances segment with a fall range of product. The recently concluded volumetric production analysis gives an indication of the companys capabilities. The company has achieved a world record of manufacturing 13692872 clocks during 2002-2003. The company has several feathers attached to the achievement cap out of which the most familiar is that AJANTA and ORPAT has been winning the ESC award for the Excellence in export in the field of electronics by the ministry of communication and Information Technology for consecutive 8 years. With around 300 wholesalers and around 50000 retailers dotting the country, the company has one of the best distribution networks in the nation. At present AJANTA and ORPAT is manufacturing around 150 models of wall clocks, 40 models of timepiece, 25 model of calculators and 3 different verities of educational toys with 6 different colors.
Even after a wide range of model in each product, new models are introduced every month to be always ahead and unbeatable in the Global Market. The company has many firsts to its credit. The company is a pioneer in India to undertake in-house C.O.B technology. Being an ISO 9001-2000 and CE certified company it has introduced innovative process in the areas of Inventory Management, Finance, Marketing and R&D. As a result of which the groups dependency on working capital assistance from commercial Bank is virtually nil. On export front too, the company has emerged a clear winner. Winning many accolades in the process. Today ORPAT products enjoy prominent place in more than 45 countries. The company has struck to its motto of providing world class quality products and is confident of staying ahead.
MANAGEMENT TEAM
Mr. Odhavajibhai Ravjibhai Patel (Chairman) (Popularly known as O.R.Patel) Date of Birth: Education: Awards: 24/06/1925 Bsc, Bed. Man of the year 1993 (Horological field) highest exporter of Electronics Consumer Goods for 91-92.
Mr. Pravinbhai Odhavijibhai Patel (Managing Director) (Popularly known as P.O.Patel) Date of Birth: Education: 27/12/1953 B.E. (Mechanical Engineering)
Mr. Jaysukhbhai Odhavijibhai Patel (Managing Director) (Popularly known as J.O.Patel) Date of Birth: Education: 02/04/1959 B.Com.
Mr. Ashokbhai Odhavijibhai Patel (Director) (Popularly known as A.O.Patel) Date of Birth: Education: 04/07/1965 Doctor in Naturopathy
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ORGANIZATION CHART
Chairman
Director
Managing Director
Mktg. Dept. Mktg. Manager Zonal Manager Area manager Sales personnel
Foreman Workman
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QUESTIONNAIRE
1.) What was the Establishment year? 2.) Who is Established person? 3.) What is size of unit? 4.) What are your Brand names? 5.) Who is your Banker? 6.) Who is your Auditor? 7.) How many no. of employees are working in company? 8.) Where your international market office is situated? 9.) How many wholesalers and retailers are in our country? 10.) Who is your Chair person? 11.) Who is your managing director? 12.) Who is your Director?
13.) How many Award your company get, from whom?
14.) How is your organization structure? 15.) Is your company ISO certified?
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Productio n
15
Departme nt
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INDEX
Sr. No. 1 2 3 4 5 6 7 8 9 10 11 Particular Introduction Organization Chart Location Factor Raw Material & Availability Production Capacity Machinery Used Quality Maintain Production Process Product Packing Department Questionnaire Pg. No. 16 17 18 19 20 21 22 23 27 30 31
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INTRODUCTION
Production is the basic activity of all industrial units. All other activities revolve around this activity. The end-product of the production activity is the creation of goods and services for the satisfaction of human wants. The production activity is nothing but the step-by-step conversion of one form of materials into another either chemically or mechanically. The basic input of the production processes are men, machine, plant, services and methods. It should be noted that finished products of one manufacturing unit does not always furnish a read-made product for the ultimate consumption. In a chain of manufacturing activities, the finished product of the processor sometimes becomes the raw material for the other manufacturing firms falling next in sequence. Production management is the process of planning, organizing, directing, and controlling the activities of the production function. Producing function is the conversion of raw material into finished products. It is concerned with the activities which converts inputs into outputs. The inputs are various resources like raw material, men, machine, method, etc. and outputs are goods and services. The word production is often used to mean the same as manufacturer. In other to go through a process of manufacturing itself, we need basically three things: someone to do the job, his equipments and the necessary materials. To run production, we require service activities which make sure that the manufacturing activity can go on and control to make sure that it goes the right direction.
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ORGANIZATION CHART
Production Department
Production Manager
Molding Department
Assembling Department
Electron. Department
Supervisor
Supervisor
Supervisor
Supervisor
Worker
Worker
Worker
Worker
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LOCATION FACTOR
Location of the any unit or firm is a main factor which is directly concerned with success or failure any business or company. Location plays a very vital role in the life of company and also in the development of the here by villages, states or country. Ajanta Quartz Ltd. Orpat Industrial Estate, Rajkot Highway, Morbi 363 641 Gujarat (India). Company is purchasing its raw material from Vishakhapattanm (A.P.) & Mumbai (Maharashtra) and also from foreign countries such as Japan and Germany. They do not have nearness for raw material but they never find shortage of raw materials because of their efficient preplanning for requirement of material. Company has got availability of labor from near by villages. Orpat group take financial help from SBS Morbi which is near from the location. Orpat sends its products by road in India and by water to other countries. Orpat has its own 45 trucks for transportation.
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PRDUCTION CAPACITY
Production capacity means the capacity of the company to produce the goods within certain period of time. Initially Orpat started production of 15 to 20 mechanical wall clocks per day but in the year 2001-02 they make a world record of producing 12541602 clocks and time pieces. And in the year 2002-03 they made another record of manufacturing 13292872 clocks and timepieces. The production capacity of company in producing there products are as follows: Name of Products CFL Products Calculators Clocks Telephones Timepieces Irons Hand Blenders Hair Driers Emergency Lights Fans Sandwich Toasters Air coolers Mixtures Room Heaters Water Compressors Production Capacity (per day) 60000 Pieces 25000 Pieces 20000 Pieces 4000 Pieces 3000 Pieces 1200 Pieces 1000 Pieces 1000 Pieces 800 Pieces 700 Pieces 700 Pieces 600 Pieces 400 Pieces 400 Pieces 25 Pieces
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MACHINERIES USED
There are many types of machinery which are used for producing Calculators, Clocks, Timepieces, Telephone and Home appliances. But most of the important machineries used are Injection Molding Machines. Injection Molding Machines Ultra Sonic Lapping Quartz Watch Analyzer Automatic Coil Winding Machines Cutter Machines Drilling Machines Hydraulic Machines Roller Machines
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QUALITY MAINTAIN
Quality of the product is most important factor for every manufacturing company and it is depend upon raw material which is use in manufacturing of products. Orpat group can maintain quality as follow:
They are using quartz crystal +/- 8PPM, while their competitors are using +/- 20PPM or 30PPM. Therefore, the accuracy of timing in Ajanta quartz movement is much better than others.
Ajanta quartz movement is being assumed at dust proof environment. Therefore, the durability of the movement is better than others. All the gears in Ajanta quartz movement are being made polyacetal of higher grade. Therefore, the durability of the movement is better than others.
The quality checking of the Ajanta quartz movement is being made in three stages. (Movement manufacturing stage and clock assembling stage.)
The clock cabinets of Ajanta quartz are being manufactured from virgin polyester of high impact is better than others.
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PROCESS OF PRODUCTION
The process of production of all products is some watt different but generally follows a common process which is as under: Process of Clock, Calculator and Telephone: Injection Molding Department Cabinet Cutting Department Buff & Cleaning Department Hat Stamping Department-1 Hat Stamping Department-2 Glass Cutting Department Electric Department I.C.Boarding Department Assembling Department
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A specific type of paper is used to provide luster of color to the digit of the clocks. It is performed in this hat stamping department with the help of Hydraulic machine. Hat Stamping Department-2: The different between these two departments is the pressure provided in the previous department is with Hydraulic machine and in this department it is provided with Roller Machine. The hydraulic machine is used to give shining to the color of digits of the clocks with roller machine is used for surface and boarders of the clocks with roller machine is used for surface and boarders of the clocks. ORPAT clocks are provided in 6 standard colors, i.e. ivory, black, brown, cherry red, green and white. The work performed by this machine is very high which is Rs.20 lacks per machine where as the cost of hydraulic machine is about Rs.50000 each. Glass Cutting Department: In glass cutting department the glasses are purchased from Hariyana, Ankleshwar and Ahmedabad etc. the glasses are purchased in big sheets and these sheets are cut down according to the different size and different shapes of clocks. The sheets of glasses are cut down either through automatic machines or through manual machines. In an automatic machine glass is put under the machine is revolves and cuts the glass. Then this glass is cleaned by water and arranged one by one. In manual machine, the difference is only that automatic machine revolves automatically while manual machine have to be revolved by hand. Further process is the same as in the case of automatic machine. During this process glass remain -
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after cutting which is goes in wastage. This is either used for the reproduction of glass or used in manufacturing wristwatches. Electronic Department: In this department all the electronic parts in the clocks is imported and assembled here on very large scale. These part are generally imported from scientifically advance countries such as Japan, Germany and China etc. I.C. Boarding Selection: ORPAT group of industries is manufacturing all I.C. i.e. Indicate Circuit component of the clock. In this section, expert qualified staff is appointed; no outsiders are allowed to enter inside. ORPAT group of industries gives training to all its workers to work in this section and only the qualified workers are in this section. Assembling Department: In this department workers assemble all the parts of the clock and complete clock is made ready for packing. Then it is sent to girls for packing. Then it is send to girls who stick golden colored foil on the number to make them decorative and effective. They first join hour hand, minute hand and after second hand. They fixed hand through nuts. Then girls spray air to clean the clocks. Then the glass, which is cut down in glass cutting department, is fit on the cabinet lastly. Finally the clocks are put into boxes and plastic bags.
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PRODUCTS
Clock & Timepieces: Grand Father Cuckoo Pendulum with Super Strike Plain Super Strike Wooden Pendulum Clock Fancy Pendulum Fancy Wooden & Glass Classic Glass Classic Wooden Plastic Sweep Second Office Clock Big Plain Simple Digital Alarm& many more.
Telephone, Calculator & Others: Telephone: Cordless Caller ID Basic Caller ID unit EPABX Calculator: Check & Correct Basic Scientific Digital Multi Meter Digital Clamp Meter Educational Toys
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Gas Stove Deep Fryer Air Cooler Water Dispenser Washing Machine
CFL: 5 Watts 8 Watts 11 Watts 14 Watts 18 Watts 23 Watts 26 Watts 28 Watts 36 Watts 30 Watts Tiles:
It is new established division of Ajanta Ltd. known as OREVA. Wafers: It is new established division of Ajanta Ltd. known as OREVA. Mobile: It is latest establishment of Ajanta group. In the year 2007 they are establish 2 model of mobile. It is known as ORPAT.
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PACKING DEPARTMENT
A good package is the representation of the artistic combination of the designers creative skills and the product and the marketing and sales knowledge of the manufacturers management team. The development of packaging is the sum total of the talents of the designer, the researcher, the technician, the advertising man, the marketing expert, the sales department and the top management packing must be attractive so that it attract or catches the eye of the customers. In the present time packaging had become a potential marketing tool. The products of ORPAT are packed in primary package in the glass. This covers and protects them from damage and dust. The second packing is the plastic bags or sponge bags, which protects the whole product from breakage. Then different products are packed in different boxes. There are about 20 boxes of clocks packed up in one cartoon. After packing, every information regarding clocks is given on the boxes like color, model, number etc. Finally those boxes become ready for dispatch. When in other products like calculators, telephone, home appliances and CFL are packed only in simple boxes and all important information is printed on the boxes. Company spends 4% of gross profit for packing to reduce wastage.
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QUESTIONNAIRE
1) What is department? your Organization structure Production
5) From where you are purchase plastic? 6) From where you are purchase glasses? 7) What are the capacities of products? 8) Which types of machinery you are used? 9) How can you maintain quality of your product?
10) How can you maintain quality of your product?
11) 12)
How is the production process? Which kind of products you are producing?
13) Which kind of packing is done in your packing department? 14) Which kind of process is done in Injection Molding Department? 15) Which kind of process is done in Cabinet Cutting Department? 16) Which kind of process is done in Buff & Cleaning Department?
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21) Which kind of process is done in I.C. Boarding Department? 22) Which kind of process is done in Assembling Department? 23) Which is your latest product?
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Personnel
35
Departme nt
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INDEX
Sr. No. 1 2 3 4 5 6 7 8 Particular Introduction Recruitment, Selection & Induction Training Motivation Tool Facilities to Employee Wages & Salary Time Keeping System Questionnaire Pg. No. 35 37 40 41 42 44 45 46
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INTRODUCTION
The success of any unit depends on how efficiently it is able to use its resources & factors of production. It also depends on how efficient the unit is to achieve its pre-determinants goal. We all know that out of the factors of production the most important is the human resource. As it is animate factor of production so it is rightly said that Mind your man & man will mind your other things. So if men are managing properly they will manage the rest of the thing well. As every individual is different in respect of their ability, behavior & mentality and they aught to react differently & thus it becomes crucial to manage them. Again men being dynamic by nature. Their management quit complex. According to G.R.Terry, Personnel Management is concerned with getting & maintaining satisfied & satisfactory group of employees. In Ajanta there is a separate resource department. They perform the following functions.
Procurement of personnel Development of personnel Compensation to personnel Maintaining good industrial relations Record keeping, personnel planning Personnel research and audit etc.
& evaluation
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To secure the integration of the individuals and groups within an organization. To generate maximum individual development of the people working within the organization and outside of the organization. To maintain a high moral and better human relations inside an organization.
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TRAINING
Training is the application of knowledge with a specific objective in mind. Through it trainer are given awareness as regard rues and producers to be followed to perform their operation. Training is defined as. The act of increasing the knowledge and skills of employee for doing a particular job. It is the training that prepares people to perform their present jobs better. Training teaches employees required skills, knowledge or attitudes and help them in improving their performance. Training is provided by Ajanta Quartz for the following reasons: To reduce supervision To increase the moral To reduce labor problem To prevent obsolesce To increase productivity Minimum accident and wastage
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MOTIVATION TOOLS
Motivation is an important concept that has been receiving considerable attention from academicians, researchers and practicing important element such as the need or content, search and choice of strategies, goal directed behavior, social comparison of reward, requirement and performance satisfaction. Motivation employees come out with new ways of doing jobs. They are quality oriented. They are more productive. Motivation a worker is to create a need and a desire on the part of a worker to better his present performance. Motivation is concerned with how behavior gets started, is energized, sustain, directed, stopped and what kind of subjective reaction is present in the organization, while all of these are going on. In Ajanta Ltd. motivation tools are as under: constructive work Equal wage rate for equal work Pensions Dividends & Bonus Future Promotion Security and Stability of Job Motivation and Reward for
Participation in Management
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FACILITIES TO EMPLOYEES
The facilities provided by Ajanta Quartz are as follow: Uniform Facility:
Ajanta provides 2 pairs of uniform to their entire staff and workers free of cost. The color of uniform is grey & white for both male and female. Insurance Facility:
Ajanta provides insurance to their workers. But that insurance is concerned only to the employees and not to their family members. Overtime Facility:
Workers who do overtime work are given overtime wages in addition to their regular wages. This type of facility is more helpful to those employees who come from backward area and who has need of money. They get extra work during pick period in market. Medical Facility:
Ajanta gives medical facility to their employees. They provide free medical check up to employees after a certain period of time. They also provide all the medical cost to employee if they have met with an accident in a factory or while working in a factor.
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Ajanta provides bus facility to their workers for up-down from near by areas. This is the reason why more girls are coming. Most of the buses are run by girls. Equipments: Safety
In Ajanta they provide different safety equipments for their workers safety. They provide mask in glass cutting department etc. Hostel Facility:
Ajanta provides hostel & mess facility for both male and female workers. They have made Rewa Township for their high cater employees.
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QUESTIONNAIRE
1) Which kind of function you are follow in personnel department? 2) How is recruitment process? 3) How is selection process? 4) Which type of induction programs are conducted in your company? 5) Which type of training you provide to your employee? 6) Which kind of motivation tools you used? 7) Which facilities you are provide to your employees? 8) How many rupees you are spend for wages and salary of employees? 9) How is your time keeping system? 10) In insurance which insurance you are provide to your employees?
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Finance
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Departme nt
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INDEX
Sr. No. 1 2 3 4 5 6 7 Particular Introduction Organization Chart Financial Planning Capital Structure Financial Results Balance Sheet Questionnaire Pg. No. 49 50 51 52 53 54 55
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INTRODUCTION
Undoubtedly money occupies a key in the capitalistic economy of the modern age. One of the most important functions of the top management is to raise finance at a right time and in a right quality and also to use it most effectively. In fact this function constitutes the crores of finance management. Money is the life blood of modern business. Money is required to purchase expensive machinery and also for day to day expenses on raw materials, labor and operational and administrative needs of business. Executions of expansion plans and modernizations programs are not possible without adequate finance. In short finance management is the master key for maximum utilization of money power. Ajanta Quartz having separate financial department. The finance department in Orpat has a very good communication and relationship with all other department and it performs its function in the most suitable way with an eye on future planning. It commands the flow of cash and funds properly and it is the efforts of this department that the firm has a high reserve for future as a safety measure.
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ORGANIZATION CHART
Managing Director Administration Department Administration Manager Assistant Administration Manager
Finance Department Finance Manager Assistant Finance Manager Financial Analyst Executives
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FINANANCIAL PALNNING
Financial planning is planning about the functional requirements, financial availability and the financial target. The financial plans are of two types long term and short term plans. Short term plans are made for 1 year and long term plans are made for more then 1year some areas of financial department requires short term planning. While some requires long term planning so it is preferable for the company to maintain both type of planning. This fact is well accepted by ORPAT group of companies. This company prepares long term as well as short term financial plans. They prepare plans in such a way that cash inflow remains greater than cash outflows. This is the only reasons that the company has not faced any shortage of funds till today. In long term plans they future. Generally long term plan is directors. In this way, the consider the amount of funds, how to utilize them effectively. From which financial institutions the loans should be taken, etc.
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CAPITAL STRUCTURE
Capital structure refers to the long term sources of fund, such as debenture, long term debt, performance share capital, equity share capital and reserves and surplus. Capital structure can be simply defined as combination of various sources of finance at different proportion to finance the investment of company. Consequently it is being increasingly realized that a company should plan its capital structure to maximize the use of the fund and to be able to adapt more easily to charging conditions. The capital structure of ORPAT is as follow. Particulars Share Capital Reserves & Surplus Secured Loans Unsecured Loans Total As on 2006 50000000 1664796888 218597166 15092967 1948487022 As on 2005 50000000 1473066408 106573125 12926778 1642566311
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FINANCIAL RESULT
(Rs. Lacks) As at As at 31/03/2006 31/03/2005 17754.146 14117.14 2397.52 101.22 2296.30 1159.96 1136.34 285.00 34.31 803.53 50.00 7.01 20.00 726.52 10113.93 2109.95 94.71 2015.24 1514.45 500.78 550.00 318.62 269.40 25.00 3.27 5.00 236.13 9229.23
Particulars Total receipts Profit before Financial Charges & Depreciation Financial Charges Profit before Depreciation Depreciation Profit before Taxation Less: Provision for current tax Add: Provision for deferred tax Net Profit Dividend 5% Dividend tax General Reserve Transfer during the year Balance of Profit for the year Accumulated Profit
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50000000 50000000 1664796888 1473066408 218597166 106573125 15092967 12926778 1948487022 1642566311 2093516909 1775400995 1348703947 1232708274 744812962 542692721 37935645 34081374 782748607 576774095 Nil 350000000
483683687 524337348 286800441 157843566 149992430 27875262 706692223 386769806 1627168781 1096825982
Less: Current Liability & Provisions 461430367 381045766 Net Current Assets 11657383415 715780216 Miscellaneous Expenditure Nil 12000 Total 1948487022 1642566311
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QUEATIONNAIRE
1) How is your organization structure of finance department? 2) How is your financial planning? 3) How is your capital structure? 4) How many Rs. Are invested in your Share Capital?
5) How many Rs. Of Reserve & Surplus in the year 2005 &
2006? 6) How Many Rs. Of Secured & Unsecured loan in the year 2005 & 2006?
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Marketing
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Departme nt
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INDEX
Sr. No. 1 2 3 4 5 6 7 8 Particular Introduction Organization Chart Product mix & Product line Product Design Package & Labeling Pricing Decision Pricing Method Questionnaire Pg. No. 58 59 60 61 64 66 67 68
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INTRODUCTION
The market is a center around which marketing activities revolve. A market in general may be describe as a place where goods & services are offered for sales, buyers & sellers meet & the title to goods is transferred. In olden days buying & selling of goods was done by coming together in periodical face held at specific place & on specific date sellers put their commodity in their names this also happen in the days of Barter system people having surplus goods of their need. The invention of money as a medium of exchange revolutionized the market system. Thus, market is refereed to as the place or geographical area where buyers & sellers assemble & exchange goods or where a commodity is concentrated for sale but today this meaning of market is considered to be narrow. According to Philip Kotler,Marketing is a human activity directed at satisfying needs & wants through exchange process. Ajanta Ltd. produces consumer goods. They are directly related with consumers. In this concern marketing is of great importance because they are producing consumers goods and in this era customers are considered as a king of the market. The companys products are highly qualitative and so customer favors their products. For Ajanta Ltd. customer is the center point and customer satisfaction is given prior importance.
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ORGANIZATION CHART
Chairman
C.E.O
Sales Executives
Sales Executives
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It is measured by the number of variety of products manufactured by a single manufacturer. Product Depth:
It refers to the assortment of sizes, colors and models offered within each product line. Product Consistency: It refers to the close relationship of various product lines wither to their end use of to production requirements or to distribution channels or to other variables. Ajanta Ltd. is manufacturing 294 models of different products. At present is that Ajanta Ltd. is manufacturing around 145 models of wall clocks, 53 models of timepieces, 46 models of calculators, 47 models of telephone, 41 models of home appliances and 3 different types of Educational toys with 6 different colors. Even after wide range of model in each products, new models are introduced every month to be always and unbeatable in the global market.
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PRODUCT DESIGN
Design reflects the outlook & features of the product which makes it different from other products. Designing a product is a specialized job. Various include products are to be kept in mind while designing a product. These may include product differentiation, features, characteristics, performance, conformance, durability, reparability and style etc. Design is the physical appearance of various kinds of products. The designer has also to keep in mind the capital allocated to designing. From the companys point of view, a well-designed product would be easy to manufacture and distribute. From the customers point of view, a well-designed product would be pleasant to look at easy to open, install, lean how to use, use repair and dispose off. Ajanta Ltd. company a special designing team whose primary job is to formulate new design for all products. This designing team works full time and takes a time period which ranges from 15 days to 2 months to formulate a new design. On an average this designing team designs around 20-24 new models every year with an average of around 2-3 models per month. Once a new models is introduced in the market on commercial basis, an outdated models which has lost its demand, is pulled back from the market. These models are put to the board, the mould required to manufacture the body of the products are shaped with the company it self. At present Ajanta Ltd. company produce various designs which are indigenously designs by the company.
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Alarm Timepieces: Product Simple Buzzer Snooze Alarm Table clock Musical Alarm Total No. of Design 17 10 7 19 53
Telephone: Product Sub Cordless Advance Featured Telephone LCD Display Telephone Featured Telephone Basic Telephone Caller ID Telephone Antique Telephone Caller ID Unit EPABX Total No. of Design 1 2 3 6 13 16 3 2 2 48
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Home Appliances: Product Hand Blender Mixer Grinder Iron Toaster Oven Ceiling Fan Pedestal Fan Table Fan / Wall Fan Ventilation Fan Electric Lantern Heater Other Products Total No. of Design 8 9 13 12 3 14 7 8 6 12 5 16 113
Educational Toys: Ajanta Ltd. is also producing the 4 models of Educational Toys.
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Packaging can be defined as, the activities of designing and producing the container or wrapper for a product. The container or wrapper for a product. The container or wrapper is called the package. Packaging has become a potential marketing tool. Well designed package can create convenience value for the consumer and promotional value for the producers. Consumers are willing to pay a little more for the convenience, appearance; dependability and prestige of better packaging. Companies also recognize that a well designed package contributes to instant recognition of the company or brand. Innovative packagings can profits to producer. The package is another important component of the product especially in consumer products. The package performs two essential roles first, is giving protecting to the product and second, is adding to its sales appeal. Ajanta Ltd. company takes care in packing of clocks because clocks are a delicate piece of item. Packaging is done according to the size and type of clocks. If clocks are small in case small size clocks and having economic prices then they are packed in proper boxes. While in case of big size clocks and having more they are packed in wooden boxes to protect to the clocks so that clocks are not damaged due to transportation. The products of Ajanta Ltd are packed primary in the glass. It covers and protects the movements, the neediest and case from damage and dust. The secondary package is the plastic bags. Then the clocks are packed in corrugated boxes and they are packed in cartoons, which are send to different depose and Kandala port for disposal. Company spends 4% of gross profit for packing to reduce the wastage. The company takes special care while packing their clocks.
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Labeling:
Label is another mark of identification. It is important in marketing a product. Label is part and parcel of a package. A label is part and parcel of a package. A label provides written information about the product. Labeling helps the buyer to understand the nature of the product, its distinctive features, its composition, its performance etc. The secondary package of Ajanta Ltd. is the corrugated boxes which are preprinted with brand name ORPAT ELECTRONIC & AJANTA QUARTZ. Following important information is given on the box. Brand Name Size No Total Weight Model No Features Manufacture Date Price (Maximum, Retail price including taxes) Product design
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PRICING DECISION
Pricing is a very critical decision in marketing management. The main objective of the firm, that is, to earn profit very much depends upon the correct price decision. After meeting all the cost involved, the sales revenue generated must yield a surplus before is however affected by the price changed for the product. Price is the only element in the marketing which creates sales revenue; the other elements are costs. What price should be charged for a product is a crucial question. Several factors-economic, social, political and other factors influence the pricing decisions. Now a days Ajanta Ltd. company is trying to create image. So its basic aim is to earn profit bur main aim is to establish the product. Ajanta Ltd. has following pricing decision. 1. Market penetration 2. Product quality leadership 3. To cover the cost Ajanta Ltd. decides price of their products on market monopoly, cost of raw material, government policy, distribution margin and most important thing is their competitor products price. Ajanta Ltd. provides products at a cheaper rate in comparison to their competitor. Thus, Ajanta Ltd. determines the price on the basis of economical rule i.e. price should be equal to the customer derives from that product.
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PRICING METHOD
After decision pricing decision, the next function is to set up price. This is a very important and difficult task because many factors affects when deciding a price. Two main factors are helpful in deciding price. Competitors price and cost element. A part from these two, customers purchasing power is also considered. So far as Ajanta Ltd. has concerned it has selected the traditional method is cost plus pricing to determine the prices of its products. It is widely used by business organization. So here, company determines the prices by adding cost and predetermined percentage of profit. This method includes various costs like material cost, labor cost, overhead expenses, sales tax etc. and 8 to 10% margin of profit. This percentage may be change year to year.
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QUESTIONNAIRE
1. How is organization structure of marketing demand? 2. Which are various designs of product designs by the company? 3. What are the slogans of your company? 4. How is your packaging pattern?
5. Which kind of label you are used on packing of product? 6. How is your pricing decision?
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Sales
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Departme nt
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INDEX
Sr. No. 1 2 3 4 5 6 7 8 9 Particular Introduction Brand Name Price List Channel of Distribution Sales Promotion Advertising Market Share Analysis International Market Questionnaire Pg.No. 71 72 75 77 82 84 86 90 91
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INTRODUCTION
Various words are used in the field of Marketing and Sales management by different persons with different meanings. The two words with which we are concerned are: Marketing and Sales Management. The American Marketing Association prefers the factual or descriptive definition of sales management is, the planning, direction and control of personal selling including recruiting, selecting, training, equipping, assigning, routing, supervising, paying and motivating, as these tasks apply to the personal sales force. The main function of a sales department is to effect sales. It is concerned with the transfer of ownership or merchandize on terms satisfactory to both the buyer and seller. This has to be done at the lowest possible cost. The basic objective is obviously the achievement of profit through service. A sales department consists of persons working together with a view to market the products manufactured by the organization it self or products purchased for resale. The sales forces generally consists of two types of salesmen, namely The indoor or retail store salesman and The traveling salesman. A separate staff may also be maintained to look after special branches of business like mail-order, import and export, etc. The advertising manager would be at the head of a special staff made up of experts such as artists, layout editors, copywriters etc. in the advertising department. Thus the nature of the organization of the sales department would materially depend on the type and extent of the business undertaken by the sales organization.
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BRAND NAME
Brand name refers to that name through which the products of that company are recognized. Brand name can be a Name, Term, Sign, Symbol or design or a combination of them, intended to identify the goods or them, of one seller or a group of sellers and to differentiate them from those of competitors. Brand Name is the most common part of any product because it is the identification of that product. Brand Name may be the companys name itself, or it may be a different name. Brand Name from a useful tool for marketing as the better will be the sales. As far as,AJANTA Ltd is concerned it is more known by the brand ORPAT. Now a day the product of Ajanta Ltd. is popular under the Brand Name ORPAT. The chairman shree Odhavajibhai Ravjibhai Patel has selected this name because in clock manufacturing Ajanta was much popular at that time he was much popular at that time he was known by Mr. O.R.Patel and they introduced its name is electronics field such as ORPAT and now a day it was very popular not only in national market but also at international market. AJANTA Ltd has a major strength in the matter of brand image in the market. Ajanta Ltd has a major strength in the matter of brand too. It owns a number of brands positioned across different. AJANTA Ltd has a three different Brand Name.
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IN CLOCK: WORLDS LARGEST CLOCK MANUFACTURER IN TIMEPIECES: INDIAS LARGEST TIMEPIECES MANUFACTURER IN CALCULATOR: INDIAS LARGEST CALCULATOR MANUFACTURER OTHER: WORLD CLASS PRODUCT
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PRICE LIST
The price lists of Ajanta Quartz Ltd. are as follow: Products Musical & Musical Pendulum Wooden & Pendulum Fancy & Big Wood Plast Sweep Simple Products Simple Buzzer Time pieces Snooze Alarm Time pieces Table Clocks Musical Alarm Products Sub cordless Advance featured LCD Display Featured Basic Caller ID Antique Caller ID unit EPABX Wall Clocks: Price Rs.260 to Rs.28000 Rs.190 to Rs.2990 Rs.150 to Rs.175 Rs.185 to Rs.1190 Rs.150 to Rs.1450 Rs.65 to Rs.160 Timepieces: Price Rs.95 to Rs.210 Rs.120 to Rs.190 Rs.170 to Rs.400 Rs.140 to Rs.300 Telephone: Price Rs.1190 Rs.2190 to Rs.1410 Rs.675 to Rs.890 Rs.450 to Rs.525 Rs.185 to Rs.405 Rs.695 to Rs.1850 Rs.1155 to Rs.1695 Rs.275 Rs.2290 to Rs.2490
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CHANNEL OF DISTRIBUTION
Ajanta Ltd. Company has appointed distributors in each region of the countries. These distributors in turn have selected and appointed retailers who sale Ajanta Ltd. at a profit. The channels of distribution of Ajanta Ltd. are:
Manufacturer
Dealers
Retailer
Consumer
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National market
International market
Manufacturer
Sales officer
Wholesaler
Wholesaler
Retailer
Consumer
Consumer
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SALES PROMOTION
Sales promotion is an activity or material that offers consumers, sales persons or resellers a directs inducements, which add value to or incentive for the product, might take the form of a coupon, sweepstakes, refund, demonstration or display. Some firms even give away free samples as an inducement to purchase a product. The term sales promotion. Sales promotion techniques are gaining popularity with consumers. Organizations often make use of sales promotion mix, especially advertising and personal selling. Ajanta Ltd. uses two types of promotional schemes. 1. Dealers Intensive Scheme 2. Consumer Intensive Scheme
1)
The promotional incentive schemes of dealers are as follows. Buying allowance and display allowance Advertising allowance and display allowance Trade discount and other special discount Sales scheme Ajanta Ltd. has given a trip to Bangkok in the year 2002-03 to their dealer who have completed the target in selling the products. Ajanta Ltd. also offers free after sale service within the guarantee period. The company also offers warranty on its products. Sometimes company make foreign trip, domestic trip on the specific target assigned to the dealers.
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Ajanta Ltd. carries out sales promotion activities in number of ways. The most important of them is the printing on spare wheel covers of the scooters of the massage displaying where Ajanta Ltds products are available. Ajanta Ltd. Also prints polyurethane bags and supplied it to customers. Company also gives gifts to its customers on over purchase of clocks. The gifts are pen sets, covers, money purse, carry bags.
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ADVERTISING
Advertising is a form of mass communication. In the present day advertisement has become an inspirable part of business marketing activities, hardly there is a business in the modern world without advertisement is a powerful element of the promotion mix. It is non-personnel. The purpose of advertising is nothing but to sell a product, a services or an ides. The real objective of advertising is effective communication between producers and types of media of advertising such as press publicity outdoor advertising, direct mail advertising etc. Ajanta Ltd. has give advertisements responsibility is assigned to REDIANT agency in Ahmedabad. This agency prepares the advertisement for different media; the agency decides as to which media is most suitable. Company understands the need of advertising. It does advertisement to maintain the position in the mind of people. The advertisement of Telephone, Calculator, Educational Toys, Wall Clocks, Timepieces are done with the purpose of making people aware about the products of Ajanta Ltd brand.
Ajanta Ltds Main purpose of Advertisement: 1. To retain the market monopoly and maximize the market share. 2. To retain the Brand identity of the ultimate consumer. 3. For the development of the new products and to gain the upper edge over the competitors.
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Market Share
Other 30%
Ajanta 70%
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O ther 10%
A janta 90%
O ther 20%
A janta 80%
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O ther 96%
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INTERNATIONAL MARKET
Ajanta Quartz had satisfied customer in India as well as in international market. They sales their products in many countries, like. South Africa Egypt United Arab Emirates (Dubai) Soudi Arebia Kenya
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QUESTIONNAIRE
1. Which is your Brand Name? 2. Which are your Slogans? 3. Which is your highest price in wall clock? 4. Which is your starting price in wall clock? 5. What are the prices of timepieces? 6. What are the prices of telephone? 7. What are the prices of calculators? 8. What are the prices of home appliance?
9. How is your distribution channel in national market as well
as in international market? 10. How many authorized service centers in India and where? 11. Which types of sales promotion activities done by your company? 12. In dealers intensive scheme which kind of facilities you provide? 13. In consumer intensive scheme which kind of facilities you provide? 14. Which types of advertisement done by your company?
15. What are the main purposes of ads?
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Future Plans
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FUTURE PLANS
Human Wants are Unlimited. Every wants something more in future with regard & business, all organization has planned for better future.
Future plans of Ajanta Quartz Ltd.: 1. Be one of the largest players in the electronic industry with the total in house production process. 2. To become the highest employment provider in Gujarat by providing equal employment opportunities for the needy people. To remain pioneers in Quartz technology and in manufacturing of calculators.
3.
4. To harness the largest technologies for simplification of processes and for repaid expansion. 5. To become the Indias largest manufacturer of household electronic product.
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SWOT Analysis
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SWOT ANALYSIS
The meaning of SWOT is as follow. S: Strengths W: Weakness O: Opportunities T: Threats Strengths;
Strengths are resources of skills & other advantages relative to competitors and need of the market the firm serves and anticipates serving. Their pre-planning and their employees are their strengths.
Weakness:
A weakness is limitation of inefficiency in resources, skills and capabilities. I can not found any weakness in Ajanta Quartz Ltd.
Opportunity:
An opportunity is major favorable situation in the firms environment. They always catch the opportunity which is benefited to them. Every year they are established new product in the market & in the year 2007 they have introduce Mobiles.
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A threat is a major unfavorable situation. I feel that they havent any threats. But other firm has threats that ORPAT will snatch their market.
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Welfare Activities
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WELFARE ACTIVITES
Ajanta Quartz has very good image in the market. They make a trust ORPAT CHARITABLE TRUST Address: ORPAT CHARITABLE TRUST, Trust Regd. No.: E/2985 Date: 30/01/1993 Parmanad Complex, Sanala Road, MORBI 363 641 (India) Phone: 02822-231077, 231078 Fax: 02822-231075 1. Activities: Save Water Save Nation:
Stop wastage of water, divert into the well. 2. Stop liquor for better life:
The educational institutions, hospitals, library, auditoriums and cattle farms. 4. Give AID to:
Needy students, gives medical help and cloths to needy people, help to effected people during nature climate tragedy.
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Suggesti on
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SUGGESTION
Select new employees by campus interview in the colleges. Because fresher takes more interest in development of business.
Company should give advertisement in TV channels. Because TV is best medium between customer & manufacturer. In festival time company should give offers like this product purchase and you will get discount or any product free. Company should arrange training programs for less educated workers.
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Conclusio n
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CONCLUSION
Ajanta Quartz is located with good structure facilities. It has good relationship with their employees and also with outsiders. It is progressive and respected by other companies in the market. It is also financial very sound. My experience is very good by visiting the company. I learnt many things from and they also co-operative with me.
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Bibliograp hy
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BIBLOGRAPHY
Sr. Name of the Book No. 1 Production Management 2 Human Resource Management 3 Financial Management 4 Marketing Management Web site: www.orpatgroup.com Publication ___ Author Verma & Agraval C.B.Memoriya
Himalaya Publishing House Tata MC Gran Hill Khan & Jain Vikas Publishing Philip Kotler House
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