Acknowledgement

Enroute of my training, we received encouragement and support from our superiors and therefore whatever we have learnt during our training bears imprints of many individuals. We are grateful to our superiors and the employees of Walchandnagar Industries Ltd, TIWAC division, Dharwad for their valuable guidance and support during this project. We wish to convey our sincere thanks to Mr. A.B.Kamalapur, the general manager for granting the permission and heartfelt gratitude to M/s P.S.Lakshmi, Personnel manager, for her valuable guidance at every step of the project. We would like to express our heartfelt thanks to our beloved Principal, Dr.Ajith.Prasad for their kind support. We express our intense gratitude to our H.O.D Prof. Sharad Desai and Prof.N.L.Guddin (Internal guide) for supporting us throughout. We also thank all the staff of BBA Department, my parents and friends for their kind co-operation and support.

Project By: Sachin.Solanki

PREFACE
The objective of this report is to provide the entire information about WALCHANDNAGAR INDUSTRIES, TIWAC DIVISION, DHARWAD. So that we will come to know how they plan and make decision and organize and control activities in the environment they operate. It will better serve to serve the needs and coherence and clarity.

WALCHANDNAGAR INDUSTRIES, TIWAC DIVISION, DHARWAD is one of the successful divisions of Walchandnagar Industries. The art of this management of this organization is far more different from others .

Tiwac's Organizational Culture Centers on "Quality, Precision and Time".

COMPANY PROFILE

COMPANY PROFILE
Name of the Company : Walchandnagar Industries Limited, TIWAC Division Dharwad. Year of establishment : Address : 1962-63 Walchandnagar Industries Ltd., TIWAC Division, Attikolla, Dharwad-580 007 Phone No. Fax : : 0836-2448565 0836 2448508

Website

www.wiltiwac.com. Pressure Gauge : More than 35,000. Temperature Gauge : 200 t0 300. Sector Mechanism : More than 1,00,000.

Production per month :

Certification Total area Total employees Banker

: : : :

ISO 9001:2000 22 Acres 56 Acres 225 Syndicate Bank

Industry surroundings :

HISTORY OF TIWAC

History of TIWAC
Tiwac is a Division of Walchandnagar Industries Limited having its manufacturing facility at Dharwad, Karnataka, India. This was set up in 24th April, 1963 to manufacture Mechanical Alarm Time Pieces in technical collaboration with Louis Schwab of Switzerland. The company founders were Mr. Badari Narayan, Mr. M D Patravali, Dr. N S Deshpande and Mr. N T Desai. Most of the machineries are imported from Germany, Switzerland and England and are very much suitable for manufacturing precision components. One day Alarm Time Pieces was the main product and was manufactured in large quantity (until 1996). Tiwac has the distinction of introducing Centre Second Models in India for the first time. During last 25 years Tiwac Division has successfully developed many products which are precision in nature viz., Synchronous Multiflex Timer used in Sugar Factories(an import substitution), Sector Mechanism for Dash Board Instruments and Industrial Pressure Gauges, Precision Components for Electrical Meters, Timers, Electronic gadgets, Automobile etc. Currently

main products are Pressure Gauges, Temperature Gauges and Sector Mechanism. The Manpower consists of some of the best brains from the Precision Industries perfectly suited for the production of these products. The Tiwac Industries Limited, Dharwad was incorporated as a Public Limited Company under the Indian Companies Act in the year 1961. The main objective of the Company was to manufacture and sell mechanical hand wound alarm time pieces, watches, clocks etc. For this purpose the Company entered into a collaboration agreement with M/s. Adam Engineering Company of London and M/s. Louise Schwab SA of Switzerland in the year 1963 and agreed to purchase the drawings of SWITO One Day Alarm Time Pieces and the Press Tools along with the Trade Mark. The collaborators agreed to supply the technical know-how and trial production of the Time Pieces.

QUALITY POLICY, VISION & MISSION

Quality Policy:
We are committed to our Tradition of Engineering Excellence & continuous improvement to meet or exceed the expectation of our customers in respect of Quality, Delivery of products & completion of projects on schedule. We empower our employees & create an environment that enables individuals to achieve functional excellence, continuous improvement, team work & innovation to satisfy all our stakeholders.

Vision:
To be an ACE Company A ABOVE C CUSTOMER E - EXPECTATION

Mission:
Enable all those working for WALCHANDNAGAR INDUSTRIES LIMITED, TIWAC DIVISION to give out their best to ensure their all round growth as well as that of the organization.

Location of Plants & Offices:

Plants at: Walchandnagar : Heavy Engineering Industrial Machinery Satara Road Dharwad : Foundry : Precision Instruments

Offices at:

 Corporate / Registered Office : Mumbai Marketing and Projects Office : Pune Branch Offices : Delhi / Kolkata / Chennai / Hyderabad

INDUSTRY PROFILE

Pressure Gauges: Pressure gauges are instruments that are designed to measure the pressure of a gas or liquid. Pressure gauges monitor and indicate the internal pressure and/or the vacuum of vessels or systems, especially those having dynamic working characteristics that require constant monitoring. Standard pressure gauges typically utilize a Bourdon tube, a sensing element for measuring pressures 15 psi or more. Bourdon tubes are spirally wound or Cshaped and are usually made of stainless steel or copper alloy. When a pressure change occurs, the pressure gauges flex and produce a rotational movement, causing the gauge indicator to move. A diaphragm seal or gauge

isolator can be used to prevent the Bourdon tube from coming into contact with the process material, if the tube and material are not compatible. Pressure gauges vary in style, size and wetted parts material, depending on the application. Display types include graphical and video displays, digital readouts or analog meters and needles. Some pressure gauges have pointers that can be adjusted to zero by turning a screw or a knob. Adjustable or stationary set hands are separate pointers that indicate a preset pressure. Some pressure gauges do not display a measure of pressure. Instead, they monitor pressure and send an electronic output signal for any required changes in the system. Throttling devices, which are used to decrease the effects of pressure pulsation and/or vibration on pointer movement, include throttling screws, pulsation dampeners, elastomeric bladders, pressure snubbers and needle valves. Pressure gauges can also be equipped with electric contacts to turn on signal lights, sound alarms or operate a pump or valve. The pressure gauges have a wide variety of industrial applications in which the pressure gauges are utilized. Specialty tanks, such as fire extinguishers and medical gas cylinders use pressure gauges. Liquid filled gauges are utilized in nitrous systems on nitrous bottles or solenoids. Gauges made of stainless steel can be used in applications that have strict sanitary requirements and are capable of withstanding high pressure cleaning. Some pressure gauges are specifically designed for use in high purity semiconductor gas and liquid applications with a range from vacuum to 6,000 psig. Pressure gauges are essential for applications in which the

accurate functioning of a vessel or system directly depends on the accuracy of the gauge reading, such as in pesticide sprayers. The accurate selection of pressure gauges requires the consideration of some key factors, including the gauge process, range, environment, accuracy, dial size, connection and mounting needs. Compatibility of the wetted parts of pressure gauges, including the Bourdon tube and socket, with the process material is essential, as corrosion might otherwise occur. Liquid filled pressure gauges or gauges that are internally dampened are better choices for applications in which the gauges would be subject to pulsation and vibration. It is recommended that the normal operating pressure be confined to 25-75% of the scale, no higher than 50%, if pulsation is present. Dial size is typically determined by readability requirements, space limitations and required gauge accuracy. Pressure gauges connections should be selected with the following in mind: process pressures, gauge size and weight, space limitations and leak integrity. Gauge performance can be affected by ambient temperature, air-borne particulate, condensation, humidity, water and chemicals. Types of Pressure Gauges: Absolute pressure gauges measure any pressure above vacuum Air pressure gauges measure the air pressure of pneumatic Ambient gauges, also called sea level gauges, are the most

(zero pressure). equipment. commonly used gauge. Ambient gauges are preset to read zero pressure at standard atmospheric pressure (14.7 psi).

Combination gauges measure both pressure and vacuum. Commercial gauges, also referred to as general purpose

gauges or equipment gauges, are low-cost measuring instruments designed for applications that do not have severe conditions. Commercial gauges may be ruggedly constructed but are not typically economical to repair. Differential pressure gauges provide the relative pressure between two measurement points. An indication of differential pressure only occurs when one pressure is higher or lower than the other. Digital pressure gauges are industrial standard gauges, typically battery-powered, which use a digital display rather than an analog dial display. Digital readouts are typically easier to read and provide a greater accuracy than dials. Fuel pressure gauges are instruments that indicate the pressure Industrial gauges have heavy-duty sensing elements and case of the fuel supply to the intake manifold in a combustion engine. designs and higher accuracy requirements than general purpose gauges, are built for extended life and are designed for harsh, corrosive environments. Liquid filled gauges can be filled with various fluids, such as

silicon oil, mineral oil and glycerin. The liquid fill provides protection to internal components of the gauge in severe environments in which the gauge may encounter excessive vibration and pulsation. Low pressure gauges are designed to accurately measure pressures less than 15 psi using a capsule sensing element.

Oil pressure gauges are instruments that measure and display Precision and test gauges are extremely sensitive and highly

the pressure of the oil circulating in any lubricating system. accurate instruments that are used in applications which demand precision and consistent results, such as instrument shops, gauge repair and calibration shops and testing laboratories. Process gauges are made from corrosion resistant material to meet the demanding heavy-duty operating and construction requirements of the chemical and petroleum industries. Process gauges are also designed to fulfill the exacting accuracy and service life needs of a variety of process applications. Retard gauges have a scale that is compressed at either one or Vacuum gauges indicate negative atmospheric pressure or the Water pressure gauges are designed to determine and monitor both of its ends. degree of rarefaction below atmospheric pressure. the pressure of any system that uses water.

Temperature Gauges: Temperature reflects the momentous thermal condition of a homogenous material. Measurement of temperature normally requires close, direct contact between the material and the sensor in such a manner that the sensor responds quickly to the temperature of the material.

Types of Temperature Gauges: Bi-metallic temperature gauge: The bi-metallic element

consists of two strips of different metals, with different thermal expansion coefficients, inseparably joined together. This strip is spirally or helically wound with one end fixed to the body of the thermometer, and the other attached to the axis of a pointer. Measurement of temperature is made with the bi-metallic system inside the temperature sensor. Temperature variation influences the bi-metallic strip such as to rotate the pointer; this rotation is indicated on a dial. Mercury in steel temperature gauge: These thermometers

enable measurement of temperature with an accuracy of +1% of the maximum scale value. This kind of thermometer system comprises a sensor bulb, transmitting capillary and a case containing a Bourdon Tube element. The system is filled with pressurized mercury. Temperature variation is measured by the Bourdon Tube system, and indicated on a dial.

ABOUT PRODUCT

TIWAC is a division of Walchandnagar Industries Limited, a multi divisional Company catering to the requirements of a number of industries such as cement, sugar, paper, fertilizers, material handling, petrochemicals, defense, nuclear power, space research and others.

At TIWAC, they are producing Pressure Gauges to meet world standards. They are also producing Mercury in Steel Temperature gauges after successfully establishing market for Pressure Gauges. Having a long chorological background, their man-power consists of some of the best brains from the precision industries perfectly suited for instrumentation line. At present Pressure Gauges in the size 40mm(1.5") to 250mm(10")having pressure range 0 to 700 kg/cm(10000 psi) and Vacuum are manufactured. The various types of gauges manufactured are liquid filled, diaphragm seal,low pressure diaphram, all SS Gauges, Electrical Contact Gauges, Master Gauges etc. Pressure Gauges are manufactured as per IS 3624 of 1987 specifications. Tiwac Pressure Gauge are extensively used in Industrial Boilers, Thermal Power Stations, Nuclear Power Corporation, Petrochemical, Fertilizer Factory, Sugar Machinery, Industrial and Marine Gear Boxes etc. At Tiwac, Temperature Gauges are manufactured in Mercury in Steel Type, Gas Filled and Bimetal Type in the size from 100mm(4") to 250mm(10") having temperature range from -38C to 600C. Tiwac's Organizational Culture Centers on "Quality, Precision and Time". Pressure Gauges: Sizes Range : From 40mm (1.5) to 250mm (10) : 0 to 700 kg/cm2 (10000 Psi)

Vacuum Gauges As per Indian Standard IS 3624 of 1987 specifications.

The types of gauges are: Liquid filled Diaphragm seal Low pressure diaphragm Electrical Contact Gauges Master Gauges etc.

(10)

Temperature Gauges: Manufactured in different types. Mercury in Steel Thermometer Bi-metal Thermometer Gas filled Thermometer Vapour Pressure Thermometer Mercury in Steel Type in the size from 63mm to 250mm Range : From 38 C to 600 C Other types: Ether filled Gas / Nitrogen filled Bi-metal

List of Approvals

 Director General of Quality Assurance Engineers India Ltd.

Products & Development India Ltd.

- DGQA - EIL - PDIL - BPCL - BHEL - BHPV

Bharat Pumps & Compressors Ltd. Bharat Heavy Electricals Ltd. Bharat Heavy Plates & Vessels Ltd.

Avant Garde Engineers & Consultants Ltd. Steel Authority of India Ltd.

Nuclear Power Corporation Ltd. Goa Shipyard Ltd. MECON Ltd., Ranchi

- Bhadravati, Durgapur, Salem, Bokaro, Bhilai. - NPCL - GSL

Indian Farmers & Fertilizers Co-op Ltd.

- IFFCO - IBR

Indian Boiler Regulations

ORGANISATION STRUCTURE

DEPARTMENTS

1) STORES DEPARTMENT
Main Store: (Incharge Mr. M G Salimath & Mr. S V Desai) Main store is a raw material store room, it receives a copy of purchase order from purchase department. When materials are received, it is tallied with the purchase order and delivery challan, here goods received are physically counted and inspected and relevant entries are passed in the respective books as per the relevant information received from the purchase department. For issuing the materials, First In First Out (FIFO) method is followed. Sub Stores: It handles the materials which are required to the machine shop and also it receives the materials which are produced in the machine shop and lastly it sends materials(semi finished) sent to the finished parts stores. Finished Parts Stores: It receives finished products from the production dept along with the jobbing. It receives bought out component from the main stores against materials requisitions slips. This stores dept issues the components to the assembly sections along with the job cards issued by the planning dept. It also issues components to the marketing dept against material requisition slip.

2) DESIGN AND DEVELOPMENT

(Incharge Mr. M A Tigadolli) This dept designs the components for assembly of pressure gauges, temperature gauges & sector mechanisms as per IS standard and customer requirements. Here they are using the CAD s/w to draft design.

3) PLANNING DEPARTMENT
Departmental Chart of Production Planning & Control (PPC)

Sr. General Manager Mr.A.B.Kamalapur A.B.Kamalapur Works Manager Mr.J.N.Desai Officer Planning Mr.S.V.Nagasampagi Officer PPC Mr.S.V.Karkoon

Clerical Staff 3 members Helpers 2 members

Planning Department: (Incharge Mr. S V Nagasampige) Planning is the most important managerial function. Planning department plays a very important role in the smooth & efficient functioning of the organisation. Planning department is mainly concerned with the process of production & control. The planning department in Tiwac is known as PPC (Production Planning & Control). The functions of the planning department are as follows: When an Order Acceptance (O/A) is received by the PPC from the marketing department, the requirements or specifications mentioned in the O/A are analyzed & accordingly job cards are issued to the production department. On the last day of every month, all departments involved in the production process & also the main stores & finished parts stores (FPS) are required to submit the stock statement to the PPC. The pending Order Acceptances are taken into consideration & are segregated according to the sizes of the required gauges.

The requirement of material of the previous months are analyzed & on the basis of these records & the pending O/As, material requirement plan (MRP) is prepared for the next 3 months.

 The material requirement is planned at an excess of 15% & the plan for subsequent 3 months will be: 1st month 2nd month 3rd month : : : 115% 80% of the 115% 50% of the 115%

The quantity of available stock is deducted from the quantity of

the materials required & the net requirement of materials is planned & submitted to the purchase department. The PPC also submits the stock valuation report to finance

department for the preparation of working results.

4) PURCHASE DEPARTMENT
Sr. General Manager Mr.A.B.Kamalapur Manager Materials Mr.S.T.Hindasgeri Officer Purchase Mr.M.K.Singanmalli 2 Clerical Staff & 1 Graduate Trainee

Purchase Department (Incharge Mr. Hindasgeri) The Purchase Department is responsible for selecting a suitable supplier & procuring standard quality raw materials, bought out components (BOC) which would ultimately help in the production of good quality finished products. The functions of the purchase department can be categorized into 2 important functions. They are: Evaluation of suppliers Release of Purchase Order
Evaluation of Suppliers (or Vendors):

The process of evaluating the suppliers is done by the technical team of Tiwac by visiting the supplier to evaluate their infrastructure & their ability to supply the materials at competitive prices. The existing suppliers or the regular suppliers are treated as approved suppliers based on their past performance & their names will be enrolled in the approved supplier list. To complete the formalities of regularization, supplier registration form will be sent to the supplier & got filled. The new & prospective suppliers are floated enquiries by referring internet, magazines and newspapers. On the basis of the information received from the suppliers, purchase department will evaluate the suitability of the new supplier for placing order. If the performance of the supplier is found satisfactory after three trial orders, then their name will be enrolled in the approved supplier list.

 Release of Purchase Order:

The purchase department receives 3 inputs. They are: Material Requirement Plan from PPC Purchase Request from main stores Purchase Request from FPS Material Requirement Plan is prepared monthly & Purchase Requests are raised as & when required on the basis of Order Level & Order Quantity. According the requirements, the orders are placed by the purchase department. The terms & conditions relating to the supply of materials are also mentioned in the Purchase Order. In case of emergency, telephonic orders are placed & they are regularized by issuing confirmatory orders. In this department, there will be four copies of purchase orders and those sent to following departments: 1) Suppliers 2) Purchase Department 3) Account Department 4) Main Store Department Contents of Purchase Order: 1) Purchase Order number 2) Date and reference number 3) Type, Class, Style and Grade of material 4) Specification/standards, Drawings and relevant technical date

5) PRODUCTION DEPARTMENT
(Chief Production Manager Mr. M L Kadkol) Production department plays a very vital role in any company. The quality of the product manufactured ultimately depends on the resources used by the production department & the techniques adopted in manufacturing the product. At Tiwac, presently four production activities are being carried out. They are as follows: Pressure Gauges Temperature Gauges Sector mechanism Job work

The production department in Tiwac can be divided into following sections: Power press: In power press, there are four leg press machines of different capacities to carry out the operations like blanking of the case; parting; hole piercing of case, top plate, bottom plate, link etc. According to the operations that are to be carried out, the tools are manufactured in the tool room & are set in the machines. Second operation: After power press, further operations like embossing, gripping, hole piercing of sector, riveting, drilling, tapping, de-burring etc are carried out in the second operation section. High speed drilling machines, precision milling machines, spring controlled machines, leg presses, ultra lathes, tapping machines are present in the second operation section.

 Automats or auto section: In this section, 12 automatic lathe machines are present for manufacturing components like pinion, bush spacer, mounting rivet, dial mounting screw etc. Each machine uses five CAMS to perform the operations. They are: i. ii. iii. Head start CAM Rocker CAM 3 vertical CAMS

Gear hobbing section: The gear hobbing section carries out the operation of cutting teeth in the pinion & sector used for sector mechanism. There are six machines for hobbing the sector & one Wahli machine for hobbing the pinion. Bourdon tube section: Bourdon tube is the main component in the sector mechanism. The bourdon tubes are of two types. They are: C type bourdon tube Coil type bourdon tube In the bourdon tube section, the required elasticity, diameter, thickness of the tube is calculated. The tube is flattened using flattening machine with rollers. The tube is cut according to the required length & welded or soldered with shank. Heat treatment is given to the tubes using oven. The tube is tested for leakage using cyclic pressure testing machine. After testing, the tube is sent to the FPS.

 Sub assembly section: In this section, the sector mechanism is assembled. The components like sector, top plate, bottom plate, pillar, axle, hairspring, pinion, and link are riveted using pneumatic press. 40mm to 200mm sector mechanism is assembled in this section. After assembly, the sector mechanism is sent to FPS. Final assembly: In the final assembly, the entire pressure gauge & temperature gauge are assembled. The gauges are calibrated on the basis of the master gauge. Tool room: The various tools required for manufacturing the components are produced in the tool room. The Jig Boring machine is used for drilling, boring & milling. The cylindrical grinding machine is used for giving a finishing touch to the round bars. The surface grinding machine is used for giving a finishing touch to blocks, plates etc which are used for making different tools. The milling machine is used for milling the CAMS. The manual lathe machine is used for drilling, turning, threading. Maintenance department: The maintenance department is responsible for the smooth functioning of all the machines. The greasing of the machines is done. The worn out parts of the machine is replaced. There are two different types of maintenance which are carried out. They are: 1) Preventive maintenance

2) Break-down maintenance 3) Execution of new machine The preventive maintenance is carried out for all the machines to avoid break down. The head of department plans the maintenance schedule. Electrical maintenance as well as mechanical maintenance is done. Central Inspection: After manufacturing all the components this dept checks the quality, quantity, length, breadth and size of the components. Painting Section: 1) Spray painting: It is used to paint the front rings, dials and cases
2) Screen printing: After the painting of dials it moves to the screen

printing. Finished Parts Section: After the finishing up of painting and screen printing the parts are moved to the semi finished parts store then it will move to the assembly unit. Assembly Section: It is the final process, here all the components are assembled depending on the order.

Production Process:
Material Stores Machine Shop Power press Auto machine Gear Hobbing Quality control Finished parts store Sub assembly Second operation Buffing and painting

Quality control

Assembly

Quality control

Packaging

Godwon

Dispatch

6) QUALITY ASSURANCE DEPARTMENT

Quality of a product is very important since it is directly related to customers satisfaction. Since Tiwac is an ISO 9001:2000 company, more importance is given to the quality of the products. The Quality Control Department is divided into four sub-sections. They are as follows: Inward Inspection Central inspection Sub assembly Inspection Final Inspection Inward Inspection: After the raw materials, bought out components are received from the supplier, they are sent to the inward inspection from the main stores along with Material Receipt & Inspection Report (MRIR) & the drawings of the materials. The materials are chosen randomly from the lot according to AQL (Actual Quantity Level) & are inspected as per the dimensions mentioned in the drawing & Sample Inspection Report is prepared. If the materials are found acceptable, then they are sent to the sub-stores or the FPS. If any deviation or defect is found in the material, then Flash Report is prepared & the purchase department is notified. The dimensions of the rods, tubes are inspected & along with the Practical Trial Report, they are sent to the Bourdon Tube Section for inspecting the range.

The instruments used for inspecting the materials are digital vernier, vernier, micrometer, thread ring gauge, thread plug gauge, plug gauge. The master list of records or reports maintained is: Practical Trial Report Sample Inspection Report Concession/ Deviation form Recertification Report Central Inspection: The components manufactured in the machine shop or the shop floor are inspected in the central inspection. Microscope is also used for inspecting the components. Line inspection is done in the auto section. After inspection, the accepted components are sent to the FPS. Sub assembly Inspection: The sector mechanism assembled or produced in the sub assembly section is inspected in the sub assembly inspection. Free movement of the sector, pillar gap, hairspring damage, plate bend, pinion bend etc are inspected in this section. The accepted components are sent to the FPS. Final Inspection: The entire gauge assembled in the Pressure Gauge assembly & the Temperature Gauge assembly section is inspected in this section. The accuracy of the pressure gauge is inspected on the basis of the master gauge

on the callibration pump. The accepted gauges are sent to the finished godown stores for dispatch to the customers.

7) MARKETING DEPARTMENT
(INCHARGE Mr. Mushtak Ahmed) Marketing is a social process. Marketing department plays a vital role in increasing the sales of the business & in turn increasing the profit of the business. Selling the product at a price higher to the cost of production is the main objective of marketing department. The marketing department also carries out the function of identifying the prospective customers. Effective marketing strategies are to be implemented by the marketing department to sustain in this highly competitive business environment. In Tiwac, the process of marketing starts from looking out for customers, interacting with them, analyzing their requirements & creating the order acceptance. The products are advertised through internet, industrial magazines etc. The enquiries from the customers through letters, e-mail, fax, telephone. The distribution of the products is through dealers. A fixed percentage of commission is given to the dealers. The important customers of Tiwac are nuclear power plants, thermal power plants, sugar industries etc. The gauges have been exported twice to Bangladesh. Finished godown stores: After production, they are sent to the finished godown stores along with the daily production report. The receipt of the goods is recorded in the register. Along the dispatch instructions, the products are packed & delivery challan is prepared. According to the mode of transportation mentioned in the purchase order, the goods are dispatched to the customers.

Advertisements in engineering related magazines are given for the cause of marketing.

8) FINANCE DEPARTMENT
Departmental Chart of Finance Finance Department Sr. General Manager Mr.A.B.Kamalapur

Asst. Manager Accounts Mr.P.S.Kulkarni

Officer Accounts Mr.S.N.Bhimseen

Junior Officer Acounts Mr.G.R.Kalghatgi

2 Graduate Trainee

(Incharge Mr. P S Kulkarni)

Finance is an important aspect in every organisation. For the smooth functioning of the organisation, proper flow of funds should be maintained. The profit or loss & the financial position of the business can be ascertained only if the books of accounts are properly maintained as per the accounting rules & principles. In Tiwac, the functions of the finance department are as follows: Maintaining Sales Invoice Books Preparing Purchase Bills, Sales Bills, Expense Vouchers. Filing monthly returns of Sales tax, Excise, Profession tax, Service tax. The books maintained by the finance department are: Purchase Register Sales Register Cash Book Bank Book Journal Voucher Register Debit note & Credit note Register Straight line method of depreciation is followed. Weighted average method is followed for stock valuation. The Accounting period is from October - September. The Auditing of the Accounts is done twice in a year In the month of October or November In the month of May

These audited reports are sent to the Registrar of Companies (R.O. C)

9) H R DEPARTMENT
Personnel Department: (Incharge M/s. P S Lakshmi)
Personnel means the persons employed. Personnel management is the management of people employed. The term personnel & human resource are used interchangeably in many cases. The term human resource can be thought of as the total knowledge, skills, creative abilities, talents & aptitudes of an organisations workforce, as well as the value, attitudes & beliefs of the individuals involved. The success of the organisation depends on the quality of human resource employed in the organisation. When individuals come to workplace, they come with not only technical skills, knowledge etc but also with their personal feelings, perception, desires, motives, attitude, values etc. Therefore, employee management in an organisation does not mean management only technical skills but also other factors of human resource. Hence, personnel or human resource management is very important in every organisation. In Tiwac, the functions of personnel manager are as follows:
Manpower planning:

Manpower planning can be defined as a process as a process by which an organisation should move from its current manpower position to the desired manpower position. Management of human resource begins from the human resource planning. It is the basis for most of the other functions.

Objectives of manpower planning: To recruit & retain the human resource of required quantity & quality To assess the shortage or surplus of human resource & take measures accordingly. To make the best use of its human resource To maintain congenial industrial relations To estimate the cost of human resource

The various activities involved in manpower planning are:

Recruitment: Recruitment is defined as, a process to discover the sources of manpower to meet the requirements of the staffing & to employ effective measures for attracting that manpower in adequate numbers to facilitate selection of an efficient workforce. The sources of recruitment are: Internal source: Internal sources of recruitment include the present permanent employees, present temporary or casual employees, retrenched or retired employees, dependants of deceased, disabled, retired & present employees. Internal source of recruitment is preferred because morale, loyalty, commitment, sense of belongingness & security of the present employees can be enhanced.

External source: External source are those sources which are outside the organisational

pursuits. External sources include private employment agencies, casual applicants, data banks, public employment exchanges, trade unions. Selection: Selection is the process of ascertaining the qualifications, experience, skill, knowledge etc of an applicant with a view to appraising his/her suitability to a job appraising. The selection procedure practiced in Tiwac division is: Screening Application blank Interview Placement Orientation Training

Training & development:

After an employee is selected, placed & introduced he/she must be provided with training facilities. Training is the act of increasing the knowledge & skill of an employee for doing a particular job. The types of training given in Tiwac division are: On job training

Apprenticeship

Job rotation Off job training

Performance Appraisal:

Performance appraisal is the method of evaluating the behaviour of employees in the work spot, normally including both the quantitative and qualitative aspects of job performance.
Industrial Relations:

The concept of Industrial Relations means the relationship between employees and management in day-to-day working of industry According to the International Labour Organisation (ILO), Industrial Relations deal with either the relationship between the state and employers and workers organisations or the relation between the occupational organisations themselves. The concept of Industrial Relations has been extended to denote the relations of the state with employers, workers, and their organisations. It includes individual relations and joint consultations between employers and work people at their work place, collective relations between employers and their organisations and trade unions and part played by the State in regulating these relations. Statutory Benefits provided to the employees ESI-

Employees State Insurance Act, 1948 deals comprehensively about the health benefits to be provided. This act is applicable to all factories, establishments running with power and employing 20 or more workers. Employees in these concerns and whose wages do not exceed Rs.10,000/per month are eligible under the act. Benefits under this act include; Sickness Benefits Maternity Benefit Disablement Benefit Medical Benefit Dependents Benefit

Provident Fund: This benefit is meant for economic welfare of the employees. Employees provident fund, family pension fund and deposit linked insurance Act,1952 provides for the institution of provident fund for employees in factories and establishment. Provident Fund scheme of the act provides for monetary assistance to the employees and / or their dependents during post retirement life. Both the employee and employer contribute to the fund. Generally the organisations pay provident fund amount with interest to the employee on retirement or to the dependents of the employee in case of death. Gratuity: This is a type of retirement benefit to be provided to an employee either on retirement or at the time of physical disability and to the dependents of the deceased employee. The payment of gratuity Act 1972, is applicable to the establishment in the entire country. The Act provides for

scheme of compulsory payment of gratuity by the management employing 10 or more persons. The gratuity payable to an employee shall be at the rate of 15 days wage for every completed year of service on par their of in excess of 6 months. Welfare Measures:

First Aid facilities provided to the employees One Sunday is dedicated to welfare funds A minimum bonus of 8.33% is provided to the workers Washing Allowance are paid to the workers Convey Allowance are paid to the workers Employees Credit Co-operative Society has been established Fire Extinguishers are available which is renewed yearly The employees are provided with safety measures like Ear Suitable arrangement is provided to the employees for sitting Private Employees welfare fund has been founded Medical check up camps are arranged for the employees. Social Security Act: They have ESIC(Employees State

plugs, Hand gloves, Helmet, Shoes, Spectacles

Facility for the workers:

Insurance Corporation) for the security of the workers. To provide this facility they will take 1.75% from the workers salary & the company contributes 4.75%. A total sum of 6.50% will be given as the ESIC per month to the employees.

For the cause of Provident Fund 12% is deducted from

employees salary and another 12% is contributed from the company and

1.6% is the administrative charges which are also bourne by the company. In totality 13.6% is contributed by the company. Bonus: Every year they are providing bonus to the employees minimum is 8% and maximum is 20%.

10) ADMINISTRATION DEPARTMENT

Administration is a function concerned with determination of the corporate policy, the co-ordination of finance, production & distribution, the settlement of the structure of the organisation under the ultimate control of executive. Administration is a process which is responsible for the determination of the aims for which an organisation strives. The functions of Administration department are: Organising: Administration department takes all the responsibilities of the organisation which includes maintenance of the organisation, maintenance of garden, maintenance of staff quarters. Finance: It takes all the responsibility of the finance of the organisation through finance department. It plays an important role in payment of electricity bill, telephone bills etc.

 Staffing: The department plays an important role in staffing. The decision of the Administration department is final with regard to staffing after consulting personnel department.

SWOT Analysis
SWOT analysis of an organisation is very important as it helps in understanding the strength, weakness, opportunity & threat of the organisation. Strengths: Good working conditions are provided to the employees & Advanced R&D facilities are available from the parent Qualitative products are given to the customers various employee welfare measures are undertaken company which will be useful in innovating new products

Weakness: Absence of formal technical know-how Only mechanical pressure gauges are being manufactured

Opportunity: The company can start manufacturing digital pressure gauges

Threat:

The demand for mechanical pressure gauges might decrease Competitors Due to recession demand for pressure gauges has decreased.

Recognition, Awards & Achievement:

Best Performance In Exports on Number of Occasions Technology Absorption Award from Ministry of Defence, Govt. of

India. Excellent Employee Relation Award Selected for Indian Nuclear Society Industrial Excellence Award for

the Year 2006. Manufactured an important component for ISROs Chandrayana

Mission.

CONCLUSION
When we see the performance of the company till now we can easily graph. The WALCHANDNAGAR INDUSTRIES, TIWAC DIVISION has set up better position in the competitive market with its quality products and its effective services. It follows the best methods of training like, OJT and also it gives greater importance to personal attention of labour. So finally concluded that the company is well disciplined. With systematic rules and using punch card system to avoid the ideal time by labours.