Projected Report On TURBO BEARINGS (P) LTD.

Prepared By Gadhvi Hiren J. Class F.Y.B.B.A. Roll No 71 Academic Year 2008 - 2009 College Shree R. P. Bhalodia College Guided By Mr. Kuldeep Jobanputra Symbol of company

DECLARATION
I, undersigned Gadhvi Hiren a student of F.Y.B.B.A.here by declare that The project work presented in this report is my own work and has been carried out under the supervision of Mr.KuldeepJobanputra of Shree R.P. Bhalodia college, Rajkot.

This project work has not been submitted to any other University for any other examination. I have tried my level best to include all information in this report.

Signature of Student Date:(H.J. GADHVI) Place: Rajkot

ACKNOWLEDGEMENT
At the time of presenting this report it is necessary that I should thank all the persons who helped me for preparing this report.

I am grateful to Mr. Kuldeep Jobanputra for his Excellence efforts to make this training programmed "a complete success".

I must not forget the management of TURBO BEARING (P) LTD." and hearty grateful to them. I also extend my gratitude to managing director of for giving me details regarding their Organization.

Finally, I would like to say with the Co- operation of our Collage professors, Management staff and parents; my training has become unforgettable in my life.

Date:

Place: Rajkot Signature of Student (H.J. GADHVI)

PREFACE
First of all I would like to give brief Idea project report includes the personnel department . BBA is a professional course of management Study and itself is an art. Art Involves the practice, therefore, it practically how the business runs to been entered in this makes management about the preparation of

information about production, marketing finance&

is necessary for us to know

fulfill the same purpose. A practical study has

course, which involves the study of any organization and

increases which is very essential now a days.

History of the company

In 1988 a small movement started in Rajkot (India) to manufacture antifriction bearings with brand name TURBO. Initially TURBO bearings have started its activity with manufacturing tapered roller bearings. Over the years TURBO has grown to

manufacture verities of bearings like:

* Tapered roller bearings. * Double row tapered roller bearings. * Spherical roller bearings. * Cylindrical roller bearings * Double row cylindrical bearings * Needle roller bearings * Deep groove ball bearings. * clutch bearings * Four plant contact bearings. * Thrust bearings. * Angular contact bearings. Now a day many original equipment manufacturers of vehicles and industries are

using TURBO bearings with satisfaction of its excellent as in international performance in India as well our product

markets. Our aim is to maintain the best quality of

by using prime material and adopting material and adopting

Best quality of our product by using prime

latest bearing manufacturing technology with sophisticated and development

machines. We are improving our product by continuous research activities in our plant.

Profiles of the company

* Name of the company * Address TURBO BEARINGS PVT. LTD. PLOT NO. 250, Q - ROAD, G.I.D.C. AJI - 2, RAJKOT - 360 003. TURBO BEARINGS INFO@TURBOBEARINGS.COM. 1988 LARGE SCALE. PRIVATE LIMITED. 165 ORIENTAL BANK OF. COMMERCE, RAJKOT. 6

* Brand * E-mail * Year of establishment * Size of the unit * Form of organization * No. of Workers * Bankers

* Shift

MORNING SHIFT 8.00 A.M. TO 12. 00 P.M. AFTERNOON SHIFT 2.00 P.M. TO 6.00 P.M. THE SYMBOL OF EXCELLENCE MEANS TURBO.

* Weekly off day * Slogan It

Organization chart

Managing Director

Joint MD

Director

Works Manager

General Manager

Chief Acc. Officer

Chief Excise.

Pur. Supervisio

Store Supervisi

Engineers

Chief accountant

Excise Officer

Assistants

Assistants

Shift. Eng. Dispatch Officer

Accoutant Marketing Executives Adm. supervisi

Shift. Supervisi Assistants Assistants Personal Officer Assistants

Inspectors

Assistants

Location of company
Rajkot is one of the important industrial center of India, known for its entrepreneurship, engineering, Skill, hard work and good commercial sense; all these Factors have made rajkot a very competitive place all over the country as well as in

the overseas market. This city has shown tremendous increase utilization in the field of Industrial and agricultural applications.

Location plays vital role in success of any organization. Appropriate location of company can assure minimization of cost and maximization of Profit. The following points are important when selection of the location is going on: * Easy availability of raw materials. * Cheap labours. * Nice facility of transportation. * Suitable nature and environment. * Constant electricity supply. * Subsidized land. In this way, the company is having ideal "Location", which allows the lowest cost in production of product.

Business in domestic & international market

Our mission continues to serve you in aspirations 9 through our marketing team

aptly supported by

dealer network all across India. We believe that

Excellence is

linked with a total commitment to

quality and service. We realize that the success Endeavors to exceed your

Depends of the reliability and so we shall always expectations.

TURBO BEARINGS endeavors right from the initial stage of selection and purchase of raw materials that are being exported to U.S.A..,U.A.E.., Spain, Egypt,

Korea, Brazil, Turkey, Sri - Lanka, Argentina, Germany, east Africa and many more, thus U.S. earnings for the nation are creditable. Customers satisfaction by overseas customers in Long term basis is recorded.

10

Production Department

11

INDEX
Production department:No.
1 2 3 4 5

Particulars
Introduction. Organization chart. Product of the company. Raw material. Production process. 14 15 16 19 20

No.

12

INTRODUCTION
The production department of the "TURBO Company is under Pareshbhai P. Patel. Turbo bearings offer a wide range of bearings for industrial and automotive applications. Our aim is to maintain the Best quality of our products by using prime material and adopting latest bearings manufacturing technology with sophisticated machines. We are improving our products by continuous research and development activities in our plant.

Production department is mainly based on two main functions:

Planning:
Identifies when production will take place Estimates length of production Ensures raw material are delivered on time

Controlling:
Ensures production plan is being followed Maintains quality standards Monitors timescale

13

Organization Chart

Managing

General

Production

Planning

Sr. Manager

Quality Control

Jr. Manager

R & D Dept

Workers

14

Product of the company

We are proud to introduce ourselves, TURBO bearings as bearing manufacturers in India. We are specialized in exclusive designing, developing, manufacturing and marketing of all type of bearings.

TURBO bearings offer a wide range of bearings for industrial and automotive applications.

15

Use of the product

That is obviously true that most of the products, which are being exported, will have some certain quality as per the international market. It is

compulsorily to provide good quantities goods with the best service supply.

TURBO BEARINGS has good domestic markets well as foreign market. company always try to give best satisfaction to their customers generally there is no any Big differents between domestic market and international market. Difference will be there if the customers suggest.

16

Raw material
Raw material and components:
Forged rings. Steel rings. Steel bars. Steel case. Steel brass cage. Steel rollers.

Purchase of raw material: The supply of raw material should be frequent to the production and TURBO company purchase raw material from abroad like:

SAE 52100 ALLOY STEEL, BARS (approved material form KALYANI STEELS, FECTOR AND MUSCO BIHAR ALLOY)

17

Chart of production process

Ram material

Forging

Annealing

Turning

Heat treatment

Grinding

Super finishing

Oiling

Assmbling

Packing

Dispatching

18

Productions process
In first process materials is shaped in required from by forging heat, bearing and process in forgingplant.In forging stage races are made with 2 to 3 m.m.allowance for machines.

Forged rings are annealed in annealing furnace to get spheroids homogeneous carbide structure. After proper annealing, the races are turned on lathe machines. In turning process allowance is upon size of the bearing and parameter of bearing. After turning process heat treatment is done.

Heat treatment is done on races. The heat treatment is done to harden the material. After heat treatment the Materials maintained with 58 to 62 hardiness.

Further rings are super finish at race wage in minimize Frictional loss and for smoother running ground rings are assembled with retainer & rollers in assembling department. Assembled bearings one washed & oiled. Properly oiled bearings are kept in pouch & corrugated box.

19

Marketing Department

20

Index
Sr. No. 1. Introduction. 2. Market Research 3. Pricing policy 4. Advertisement 5. Competitors pg. No. 24 25 26 27 28

21

Introduction
According to Philip kilter, "marketing dept. is a set of human activities directed at satisfying need and wants through exchange process."

"TURBO" companys marketing dept. is underjitendra. p. Patel. Companys marketing position is quite good. Company exports its products on national and international level. Company delivered its product to the customers on their demand and in decided Time. In today's era customer wants more and more facilities as well as modernization.

Foreign trade or exports make a significant and necessary contribution to the economy and the countrys development and particular in underdeveloped countries. it provides a sound base for the country's economy. the rapid progress of underdeveloped countries in the industrial filed is mainly due to their exports.

22

Market research
In the filed of marketing channels of distribution Indicate routs or pathway through which goods services flow or move producers to consumers.

TURBO BEARINGS PVT. LTD. sales their product by the channels of dealers & selling it to he consumers. They distribute their product indirectly with the help of dealers.

1. Turbo Bearings. 2. Distributor. 3. Dealer. 4. Retailers. 5. Consumers.

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Pricing policy
Pricing the product is one of the important elements in marketing mix. The exchange value of Product is called price. Pricing decision means decision of the determining price of a product. When companies decide a price they have to take number of factor in consideration like cost production, castoff distribution, transportation, advertising etc., demand and supply position in market. a price policys the standing answer to the firm to recuringproblems of pricing.

In TURBO BEARINGS PVT .LTD.Top management takes prices mix decision very carefully. it determines the price of bearings according to the industrial trends. it gives 2 to 3% discount to the customer on cash payment and company distributes them price list also. Company has been providing best quality with reasonable price to its consumer.

TURBO BEARINGS has an effective pricing policy both for domestic and export product. they give more emphasis over the satisfaction of customersThrogh effective 24

price with the best qualitative product.

Advertisement
According to American marketing association; Advertisement is "any paid from of non personal presentation and promotion ideas, goods or services by an identified sponsor." Now day advertising has become an iseparable part of the business. However the form of advertisement may differ from business to business it is a more useful way of the communication between Products & consumers. Advertising is done just for publicity. In short it is a backbone of modern marketing.

Organization lender their advertisement in different ways. In small company advertising is handled by sales on marketing department or by advertising agency. In large company, there is its own advertisings department.

TURBO Company produces its product on Customers demand and the main 25

buyers of the

Company's product are Indian Replacement Market and DEN

Market, So company directs gives Advertising material to customer of the product for Which they demand and company do not use any media advertising, it is mostly done through Newspaper, Hoarding & Handbills. For

Competitors
In the open market, there are various companies producing the products of some kind i.e. bearing. So there are few companies in this particular filed which have some kind of monopoly about their product.

There are a few companies of the TURBO bearings which are as follows:

1. Abc bearings co. 2. Skf bearings co. 3. Mrc bearings co.

26

Finance Department
27

INDEX Finance Department

SR. NO. 1. 2. 3. 4. 5. 6. Particular Introduction. Organization Chart. Financial Planning. Sources of Finance. Working capital. Capital structure. PG. NO. 31 32 33 34 35 36

28

INTRODUCTION
Finance management is that management activity planning controlling of which is concerned with of

the firm's financial resources. Though it was a branch

economics till 1890, as a separate activity or it has no unique

Discipline it is of recent origin. Since economics

Body of Knowledge of its own and drawn heavily on

for its theoretical concepts today.

The subject of financial management is of academicians. It is of

immense to both managers and still

Great interest to academicians because the subject is 29

developing and there are still certain areas areas that are

where controversies exist. The main Planning, rising of

concerned in financial management are financial

funds, forecasting of cash receipt financial

& expenditures, use & allocation of fund & all activities require

control. We can understand from the above fact that

financial for their implementation. make money."

So we can say that " A Business takes money to

TURBO Companys financial department is under financial position is quite healthy.

pratapbhai. P. Patel. Company

Organization Chart

30

Managing Director

Director

Chief Acc. Officer

Chief Accoountant

Accoountants

Assistant

Financial Planning
Financial Planning is one the most important Function of financial department. At the beginning of the work, the financial manager has to formulate the effective 31

financial plans for the firm. The financial Manger has to make record of it & Study the economic condition of the Unit.

Financial planning means deciding in advance financial activates to achieve the objective of the firm. It plays an important role in every organization, .A proper difficulty in future. The basic of financial

financial planning is present to avoid

planning is Formal, informal, predict with compare to evaluate at firm earning.

In TURBO BEARINGS (P) LTD.., fianc Manager is responsible for financial planning. General Manger Mr. Modi is person who takes the decision about new

investment & look into the problem in of financial planning.

International market etc. they use two types

1. Long term financial planning. 2. Short term financial planning.

Sources of Finance
32

Adequate sources of capital must be developed by every business concern for small and medium size companies. The supply of capital is frequently a limitation on the successful execution of many policies and programmers. A business run by a sole trader or a partnership mainly relies on personal saving and to the business unit of the owners, but further growth or expansion is severely limited for the want of additional capital in case of all proprietary concerned. In case of company big Amount of capital can be raised from a number of sources. Companies may be classified available to Most companies may be clarified as under;

Owners. Long term creditors. Short term creditors. In TURBO BEARINGS PVT. LTD. Major internal sources of finance are: 1. Self investment by promoters. 2. Reinvestment of profits. 3. Collection form friends & relatives. External sources means to borrow funds from bank, financial institutions, etc. company gets finance form oriental bank of commerce.

33

Management of Working Capital

This company has rs.3 cores working Capital. The breakeven point of this company is 11% financial or personally this company is very strong.

2001 2002 2003

12 12 12

2001 2002 2003

80% 85% 90%

CAPITAL STRUCTURE
1. AUTORISED CAPITAL
34

Authorized Capital is also known as Registered Capital as it is Capital with, which company is registered or more pointed. TURBO BEARING had 5crores authorized capital .Turbo bearing had not taken any loan from bank or other subscribe. There is no liability now days for TURBO BEARING PVT.LTD.

2. PAID UP CAPITAL
Paid up capital is a capital in which company paid up capital, when it needed. It is part of authorized capital company can not paid up more than authorized capital. TURBO BEARING COMAPANY has a 3crores paid up capital.

3. FIXED CAPITAL
Fixed capital means the company fixes the capital. TURBO BEARING COMAPANY hasRs. 20crores fixed capital.

4. WORKING CAPITAL
This company has Rs 12croresWORKING CAPITAL. The breakeven point of this company is 15% financial or personally, so company is very strong.

35

Personnel Department

36

INDEX Personnel department: Sr. No.

1. 2. 3. 4. 5. 6. 7. 8.

Particulars.
Introduction. Organization chart. Organization structure. Recruitment & selection. Training & development. Wags & salary administration Induction Promotion and transfer 39 40 41 42 43 44 45 46

Pg. No.

37

Introduction
Personnel management is concerned with the people. They may be Effective use of the skills of A

Salespeople in a store, clerks in a office, operators in

factory or technicians in a research laboratory. in a management starts with the

Business, personnel

Recruiting and hiring of qualified people and continues

With directing and encouraging their growth as they As they encounter problems and tensions that arise in working established goals. toward

In addition to recruiting and hiring, some of the manager are:

Responsibilities of a personnel

* To classify jobs and prepare wage and salary scales. * To counsel employees. * To deal with disciplinary problems. * To negotiate with labour unions and service union * Contracts. * To develop safety standards and practices. * To manage benefit programs such as group insurance, * Health and retirement plans. * To provide for periodic reviews of the performance of * Each individual employee and for recognition of his or * Her strength and needs for further development. * To assist individuals in their efforts to develop and * qualify for more advanced plans. 38

* To plan and supervise training programmed. * To keep abreast of development in personnel Management.

Organization structure
Organization is group of working to towards gather with co - operation under authority Human

Achieving goals & objective that mutually benefit the

resources & the Unit.

TURBO BEARINGS (P) LTD raters to

Staff type of organization structure which

The frame work of relation of each employer to the personnel working in Manager Officer Staff Skilled worker Same skill workers Unskilled worker

other. The total number of

TURBO BEARINGS PVT. (P) LTD. is as under: 05 20 15 70 45 20 It

With this much staff at the disposal of TURBO BEARINGS (P) LTD manages the medium scale Organization an efficient & economic has a Good hold over the employees & the Management worth Appreciating.

Why. The unit

Of the employees is also

39

Organization Chart

Managing

Joint MD

General

Administration

Personal

Assistant

40

Recruitment and selection

Recruitment:
Recruitment & selection are the procedures which take place step by step in order to fill up the Vacancies in the organization recruitment are the most important function of personnel department. it is a process of stimulating & encouraging Them to apply in the organization. searching prospective employee &

in other words we can say that recruitment means search of prospective employee to sati job Requirements. After the prospecting applicants right type of persons to match the job is selected. The success of an organization depends largely upon the deem of skilled & qualified workers who are chosen out of a number of applicants for the job. Generally there are two types of sources forrecruiments:41

1. Internal. 2. External In TURBO BEARINGS PVT .LTD.they have believing & applies the internal source of Recruitments because there argue is that internal process is more effective then the external process

Training and development

Training is the organized procedure by which people get knowledge & skill for definite purpose. After having selection the most suitable persons for the organization by the application of scientific techniques the next important function of the personnel management is to arrange for their training& development programmed. Training implies activities that teach employee how to perform their present jobs better.

There are two method of training: 1. on the job training. 2. off the job training.

42

Training is on important aspect for unit to increase its production capacity. Here in TURBO BEARINGS PVT. LTD. apply only one method of training & that is on the job training method In this company, the selected candidates are tainted, the time is generally one year in this unit, The candidates are not sent outside for training. Althea necessary training is given within the premises of the company. in the initial stage, the candidate has to observe the working of the unit of his respectivefileld under his head. After training is over, he has-been placed at the job.

Wages and salary administration

Wage & salary administration refers to the establishment & implementation of sound policies &practices of employee compensation.

TURBO BEARINGS PVT.LTD. Pays wage &salaries to the employees as per their rules:

43

Wage:
"Wage means the amount paid to the labor for his service of hourly, daily, weekly or for highly."

Salary:
"The term salary defended as the remuneration paid to the manager, personnel on the Monthly on yearly basis."

Here in TURBO BEARINGS PVT.LTD. There is much better relation between management &workers. They provide very much appropriate financial indication to their employees." The total salary of the month is paid off at the end of that month, any worker can withdraw half of the amount of his salary once in a month .

Induction
After the selection process is completed, the applicants fit for position which is vacant, is given an appointment letter when the new comer joins

theorganization.induction means the introduction of any employees to the organization by giving him all possible information about the history of the 44

organization and by introducing him to superior subordinates.

"TURBO BEARINGS (P) LTD also undertook the induction procedure information about the employees to the new comer. he is given information about duties and responsibilities, rules and regulations of the organization, procedure, etc...

Promotion and Transfer

Promotion:
Promotion is a term which covers a change and calls for greater responsibilities, which involve better terms and conditions of service and therefore a high status or 45

rank. in company, after sometimes workers gets grip on some kind of work, then they become skilled in tear-filled works. Promotion is given to workers according to their skill and efficiency, after some experience, they at the time are also rotated to another work, soaps to get change in deferent work.

Transfer:
Every organization should have a just an impartitalpolicy, which should be known to each employee. The responsibility for transfer is usually entrusted to an executive wit power to prescribe the condition under which requested for transfer is to be approved. Transfer may be a reward or a punishment transfer. it can be production transfer, replacement transfer, veracity transfer, shift transfer or remedial transfer.

In this firm, generally workers are transferred form one shift to another, if required.

46

Future Plan

Future Plan
47

The product of Turbo Bearings has a very good Potential in the Indian market and abroad on account of unique features. The company process to encourage its production capacity of bearing 10 times to meet the increased demand. The company process to establish a new unit with sophisticated machineries, R & D department and with other manufacturing infrastruments facilities.

The company has also looks forward to enlarge its Expert market. The company also proposed to provide An excellent after sales service to customers, which will ensure the popularity of the product and increase sales.

The market place is becoming more competitive, more complex and global with year passing, recognizing this situation; the company has been moving firmly in enter selected new Market with promise for significant growth in future. it has set eyes in well - reputed renewed manufacture of Italy to take technical assistance from them. The company is anticipating the consumers rising need for best quality national and even globally, so it is spreading its network its network its network rapidly.

48

Conclusion

Conclusion
49

From the foregoing discussion it can be concluded that the firm owns considerable status in internal as well as in international market. it is highly significant that it has grown with the help of its power and without any collaboration. it has been successful in maintaining high standard quality. I have go a very positive and co- operative response frame everyone at TURBO BEARINGS (P) LTD. the company has latest levels of management so they do not have strict about union and I.e. credit to the company.

All the workers have joined hand for achievement of industry. The success of their industry is the Result of efficiency of management efforts of employee and his good Co - ordination.

As there are less bearing industries with latest Technology, tackle demand of bearings parts, it gives an opportunity to "TURBO BEARINGS PVT. LTD." Or having their excellent performance in near by future.

.....

50

Suggestion
51

Suggestions
From my point of view, there is no strong suggestion but i am bearings Pvt.Ltd. saying to the turbo

The area where "TURBO" company situated is not production and for storage, so they should expand for it.

enough for company's

Secondly. They are not advertising their product achieve their goal

by any media. I think that to way to make

(i.e. expansion of business), advertising is the best

a good image in the market.

Hence after all whatever they are doing, are any more

their best efforts? I need not suggest

Improvement measures on my side, as itself is wellsurely move ahead in Future.

Organized industry and will

52

Bibliography
53

Bibliography
During my industry visit to TURBO BEARINGS (P) PVT. LTD. websites are helpful to me: Following

For basic information and company's website:-:

* WWW. TURBOBEARINGS. COM * WWW. MANAGEMENTFIRST. COM

* Marketing management: PHILIP KOTLER

* Finance management: P.V.KULKARNI

* Personnel management: C.B.MAMORIA

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