Aim Technologies Full SIP

A
Summer Training Report

On
Departmental Study
At
AIM TECHNOLOGIES
For the purpose of partial requirement

for the fulfillment of admission to Third Year of the degree of
Bachelor of Business Administration
Submitted By:
JHA UJJWAL (Roll No :- 30)

OJHA YOGITA (Roll No :- 45)
JENA SNEHASISA (Roll No :- 28)
Under The Guidance Of:
DR. SAGAR GAUR
Submitted To:
SDJ International College, Palsana, Surat
Affiliated To:
Veer Narmad South Gujarat University, Surat
JULY 2024
1
AIM TECHNOLOGIES
Location : Alpine Industry, Bh.- Girnar Hotel, Kamrej, Amboli, Surat, Gujarat, 394150
Gmail : info@aimtechindia.in
Website : https://aimtechindia.in/
Contact : +91 99786 59013
2
COLLEGE CERTIFICATE
3
COMPANY CERTIFICATE
4
DECLARATION
We, the undersigned, hereby declare that the Summer Internship Project carried by us at AIM
TECHNOLOGIES, is purely the result of our own investigation and observation atthe company
under the able guidance of Mr Navdeep Lakkad (Managing Director) at the company and
DR. SAGAR GAUR(Assistant Professor, SD.JIC, Palsana). We further declarethat the report
has not been submitted earlier and shall not be submitted in future as well for any other purpose.
Roll Name Of The Students SPID Signature

No.
30 Jha Ujjwal 2022056363
45 Ojha Yogita 2022056383
28 Jena Snehasisa 2022056361
5
ACKNOWLEDGEMENT
At this point, when we are about to finish our summer internship work, it is our privileged
opportunity to thank all those people for their contribution provided to this summer internship
report.
Firstly, we would like to thank our respected I/C Principal Dr. Sanjay Joshi, who always work
and think in the direction of betterment of the students and institute as well as supporting us with
all the necessary resources. He always motivates us to fulfil our dreams and lead us in the
direction of growth. We also thank Veer Narmad South Gujarat University for providing us
the platform to undertake such study.
We specially would like to thank Mr. Navdeep Lakkad, our guide at company, who explained
and guided us in such a way that we could get deep insights in the real happenings in the
companies. This project would not have completed without his practical guidance.
We cannot forget the contribution of our project guide Dr. Sagar Gaur, without the support of
whom we would have never completed this report. Her constant help, guidance and continuous
teaching have given us so many inputs on academic as well as non-academic front.
Lastly, we would thank all the other persons directly or indirectly, who have supported us in
completing this report.
6
EXECUTIVE SUMMARY
As a part of curriculum, we have undergone internship in AIM TECHNOLOGIES for four

weeks. It becomes necessary for undergraduate to be well versed with both theoretical
knowledge and its practical application in real situation. The internship training is an eye opener
regarding the actual functioning of different departments in an organization. Also, inter
departmental relationships and its significance thoroughly understood during this period.
We studied the theoretical aspects of Management principles in the classroom. However, here at
AIM TECHNOLOGIES we could learn the application of that principles. We
learned how this principle are implemented in this organizational setting. It is aimed at seeking
information from various department, its history nature of business, mission, policies,
procedures, products, turnover and market share etc.
Organization study helped to know new method, technology used by the company. It enhances
the knowledge about the company and its competitors and technique strategies adopted by them
to beat their competitor. Overall, it helped in knowing.learning and studying any organization
closely. There are different sub- divisions at AIM TECHNOLOGIES which mainlydeal with
industrial relation, human resources development and public relation.
It was a great opportunity for us to undergo summer training and how company coordinated its
department and in providing timely and comfortable service to the public. The support and the
hands-on-experience during four weeks in the organization.
7
INDEX
SR. CHAPTER NAME PAGE NO.

NO.
1 General Information 9
2 Production Department 12
3 Marketing/Sales Department 31
4 Finance/Accounts Department 39
5 Human Resource/Personnel Department 43
6 Purchase Department 54
7 Safety Department 60
8 Bibliography 63
8
Ch-1 : General Information
Name & Location
AIM TECHNOLOGIES
(Alpine Ind. Park, Kamrej Highway Road, Near Girnar Hotel, Amboli, Surat,
Gujarat, 394150)
Brief History & Year Of Establishment
Aim Technologies established in 2011 is a leading manufacturer and exporter of Machineries

in beverages industry. They specialize in designing, manufacturing high-quality machineries that
meet the unique needs of the industry. Their team of experts is dedicated to delivering cost-
effective, high-performance solutions, making us the preferred choice in beverages Industry.
With years of experience, they have earned a reputation for reliability and customization,
allowing us to provide tailored solutions to their clients' unique needs
9
About The Company
Aim Technologies is Beverages Machinery Manufacturer company which operates in Food &
Beverages Industries. Products of Aim Technologies are made from the finest materials and
meet various security requirements and standards, which they are proud of. This is also
recognized by their satisfied customers. They need to justify customer's confidence. Flexibility is
their distinction. They listen to customer's desires and needs about their final products, they
discuss and try to respond to them with the best possible solution. The solution has to be reliable,
sustainable and environment friendly.
Founder & Directors
Mr. Ravi Vadodariya (Director & Founder)
Vision Statements
Their vision is to not only meet but anticipate the evolving needs of their customers, catalyzing
their success, contributing to a most efficient beverage production and environmentally
conscious world.
Mission Statements
Their mission is to be the trusted global leader in machinery manufacturing for the beverages
industry by providing cost-effective and best machineries that enable their customers to produce
high-quality beverages efficiently.
10
Hierarchy/ Their Team
MR JAY VADODARIYA (MACHINERY DEPT. HEAD)
MR JAYESH KOTADIYA (PRODUCTION HEAD)
MR PIYUSH POSIYA (GENERAL MANAGER)
MS SNEHA JENA (OVERSEAS MANAGER)
MR DEV ZAVERI (MARKETING EXECUTIVE)
MR BRIJESH YADAV (MACHINE DESIGNER)
MR ARBAZ SHAIKH (MARKETING EXECUTIVE)
MR YASH VADODARIYA (OFFICE ADMINISTRATOR)
Their Clients
Other Specific Details
11
Ch-2 : Production/Purchase Department
Plant Location
Alpine Ind. Park, Kamrej Highway Road, Near Girnar Hotel, Amboli, Surat, Gujarat, 394150 .
Plant Layout & Description
Fixed Position Layout (It involves the movement of men and

machine to the product which remains stationary).
Aim Technologies uses fixed position layout which means
their major components of production remain in a fixed
location but other components like other equipments,
machineries, labour as well as other pieces of materials are
brought to their location. Here, their products remains
stationary because cost of moving the product is too high and as compared to cost of moving of
labour, material and other equipments.
The weight, size of their product makes it undesirable and extremely difficult to move the
product. Hence, their products remain static at their production plant.
12
Production System Used
INTERMITTENT PRODUCTION SYSTEM (In this production

system, goods are produced based on customer's orders).
Aim Technologies produces goods on a small scale. Their flow of
production is not continuous. They produce large varieties of
products. Their products are of different sizes. The design of these
products goes on changing according to the design and size of the
product. Therefore, this system is very flexible.
JOB SHOP PRODUCTION (Aim Technologies manufactures one

or few quantity of products designed and produced as per the
specification of customers within prefixed time and cost. When
consumers buy things, they neither sell them on nor use them to make
something that they then sell. A job shop may be a paint shop or a
machine tool shop. Gear manufacturing, jig-boring, honing, grinding,
and fabrication shops, for example, might also be job shops).
Products Produced
Aim Technologies produces goods on a small scale. Their flow of production is not continuous.
They produce large varieties of products.
 Turnkey Mineral Water Project :- It process the normal water from a natural source or
from the municipality etc. and convert it to Purified Packaged drinking water which is
nowadays very much popular among health-conscious people all around the world. Common
people mostly called " Mineral water".
Source from aimtechindia.in
13
Aim Technologies has established as a Turnkey mineral water plant manufacturer. The
mineral water projects are use for purifying water for various sectors.
 Water Treatment / Purification Plant:
A reverse osmosis plant is a type of water treatment system. RO plant is use to purifying
water like remove pollutants and toxins from water.
 Bottle Rinsing, Filling And Capping Machine (Automatic):
They provide Fully automatic bottle rinsing, filling and capping machine. It has capacities
ran from 24BPM to 120BPM and some time higher.
 20 Liter Jar Washing, Filling And Capping Machine:
They provide 20 liter jar washing, filling and capping machine to their clients. This machine
capacity ranges from 100JPH to 450JPH or even higher.
 Pouch Packaging Machine:
They offer pouch packaging machine with benefits such as efficient and sanitary packing,
supporting different pouch sizes and shapes.
 Blow Molding Machine (For Making Pet Bottles):
They offer fully automatic and semi automatic pet blow molding machine. It has capacities
range from 900 BPH to 7200 BPH. This machine is use in plastic sector to make bottles,
container, drums and tanks, automobile components.
 Labelling Machine:
They offer a labeling machine with an encoder attached to the product conveyor motor to
detect conveyor speed and align the label with the product. The applicator (all MITSUBISHI
parts) and operated (by HMI) apply the label to the product, while the label sensor (SICK)
searches for gaps between labels.
 Batch Coding Machine:
They also offers batch coding machines (laser as well as printer), which are used to print
legible and long-lasting date and lot information onto bottles in order to meet industry
standards.
 BOPP Labelling Machine:
They also offers a Bopp labeling machine, which stands for Biaxially-Oriented (BO)
Polypropylene (PP). Automatic BOPP Labelling Machine provided include hot melt labeling
machines with many operating model options to pick from.
 Shrink Wrapping Machine:
Shrink wrapping machines are frequently used to package items such as bottles, cartons,
cans, trays, and bundles in industries such as food and beverage, pharmaceuticals, cosmetics,
and retail. A shrink-wrapping machine is specialized packing equipment that wraps products
firmly with shrink film or shrink wrap to protect them. The machine heats the film, forcing it
to shrink and conform firmly around the goods, resulting in secure and protected packaging.
 BIS consultancy & Laboratory Supply:
Aim Technologies offers consulting services as well as laboratory supplies for obtaining an
ISI license in Packaged Drinking Water / Mineral Water.
14
 Labeling Machines :- A labeling machine is a type of machine used to apply labels to
packaging or products. In addition to applying labels, some labeling machines are capable of
producing them.
 Single Side Sticker Labeling Machine :- Single side
sticker labeling machines automate applying labels to
one side of products. They are used in various
industries like food, pharma, and cosmetics. They
improve efficiency, accuracy, and productivity while
reducing costs.
Aim Technologies is a well-known manufacturer and

exporter of single-sided sticker labelling machines in
Gujarat, India. The machine is suitable for labels with Source from aimtechindia.in
greater height and length on pharmaceutical, food,
beverage, fertilizer, and pesticide products. The machine features an easy-to-use sensor
system for labels and items, as well as cutting-edge microprocessor-controlled label
dispensing technology. These devices are accessible to their clients at very reasonable
market prices.
Their client appreciates their equipment because of its high quality and distinctive
appearance. Their expertise is in supplying a high-quality assortment of Automatic Single
Side Sticker Labeling Machines for Flat Bottles, which are used to label small round
bottles and vials. These tools are used to identify jars, tins, spherical vials or bottles, and
IV fluid bottles. Furthermore, these complement a wide range of other rounded
 Front & Back Sticker Labeling Machine :- Front and back sticker labeling machines
apply labels to both sides of a product. They are used in
various industries like food, pharma, and cosmetics.
They offer increased efficiency, accuracy, and
productivity compared to single-sided machines.
The Automatic Double Side Labeling Machine Model

ADSL-100 is one of the easiest to use. Suitable for
applying labels to the front and back, or both sides of
flat, oval, square, round containers with output.
Depending on the product shape/size and label size, up
to 100 labels per minute can be produced. The Source from aimtechindia.in
automatic product alignment system is linked to the top holding belt system. The machine
includes a sophisticated microprocessor-controlled label dispensing mechanism as well as
a user-friendly label and product sensing system. The machine is also available with an
optional wrap-round system, making it more versatile for applying single sided labels to
flat bottles or wrap - round labels to round products.
15
 Round Labeling Machine :- Round labeling machines apply
labels to cylindrical containers.
They are an established exporter and manufacturer of

Automatic Round Bottles Sticker Labeling Machine. Larger
label heights and lengths are possible for beverages,
pharmaceuticals, food products, fertilizer, and pesticides. The
machine includes cutting-edge microprocessor-controlled label
dispensing technology as well as a label and product detection
system that is simple to use. These machines are available for
their client at a very low market price.
Their specialization is offering an exceptional selection of round sticker labeling Machine
used for labeling on Vials and small-size round bottles. These machines label round vials or
bottles, but they may also label other round products composed of metal, glass, plastic,
LDPE, HDPE, PP, and PET.
 Customized Labeling Machine

They specialise in and hold expertise in the manufacturing and exporting of customized
labeling machines as per customer requirements, as per the design of bottles and various
sizes.
 BOPP Labeling Machine :- A BOPP labeling machine is designed to automatically apply

BOPP (biaxially oriented polypropylene) labels to products.

16
Aim Technologies have established a unique competitive advantage by providing BOPP
Labeling Machine, Single side sticker labeling machine, double side sticker labeling
machine and Round labeling machine. Their Bopp labeling machine is used for the
labeling of round bottles. Their Bopp Labeling Machine is designed by their team of
experts using high-quality equipment considering international quality standards.
Their Bopp labeling machine is available in a range of configurations and is regularly

delivered on time to customers.
 Shrink Sleeve Applicator :-The Shrink Sleeve Applicator Machine inserts sleeves into
bottles of varying sizes and shapes. This one-of-a-kind technology has the potential to
save labour and increase manufacturing rates in a variety of industries. The machine
performs processes such as container delivery and classification, label sleeve cutting, and
sleeve positioning on the bottle.
The Shrink Sleeve Applicator Machine is built on an extremely durable welded steel
frame that is completely encased in stainless steel sheet doors and aluminium alloy.
The unit consists of the following components: Sleeve roll loader—carrier assembly,
Conveyor bottle separating assembly, Centre pillar, Bottle positioning mechanism, Cutter
mechanism, Optical scanner, Controlling assembly, and Brush assembly, among others.
 Shrink Wrapping Machines :- A Shrink Wrap Machine is machinery that shrinks any
material to be wrapped or to call it in simple terms – a shrink wrapper. It is included in a
plethora of industries most dominant being the food and beverages industry.
 Semi Automatic Shrink Wrapping Machine

Aim Technologies is a Leading Semi Automatic Shrink Wrapping Machine
Manufacturer and Exporter in Gujarat, India. They have a number of Shrink wrapping
and bottle packing machines designed to meet the customer’s unique requirements. Their
machines are designed to work quickly and efficiently and help you to achieve greatest
saving.
17
Whether you need to wrap water bottles, juice or soft drinks in a group, their machines
are the perfect choice. Their Packing machine helps you reduce time and cost for your
packaging operations. When it comes to packaging, shrink wrapping or bottle packing
machines play a very important role to ensuring the safety, protection, and presentation of
your bottles.
 60 BPM Automatic Shrink Wrapping Machine

Aim Technologies is a leading 60 BPM Automatic Shrink Wrapping Machine
manufacturer, exporter in Gujarat, India. With the advance technology, these bottle
packing machines are designed to work quickly and efficiently. Whether you have high-
volume production line or need to pack a small number of bottles, their shrink wrapping
machines are capable of handling such task.
The 60 BPM automatic shrink wrapping machine reducing labour costs and increasing
overall efficiency of your production. Their Shrink Wrapping Machine provides a
professional and appealing presentation for your bottles.
Choosing the right shrink wrapping or bottle packing machine for your unique needs is
important. Before purchasing the machinery factors such as production speed, size, and
packaging requirements of yours should be taken into consideration. Investing in high-
quality machines ensures that your machines are running well for a long time it also
reduces the risk of downtime and maintenance costs.
18
Aim Technologies is a leading 90 BPM automatic shrink wrapping machine
manufacturer and exporter in Gujarat, India. Their Shrink Packing machines are
specifically designed to handle different size of bottles. Their bottle packing machines can
wrap bottles and provide a secure seal, making sure that your bottles are protected in the
transportation.
Whether you need to wrap small group or large group of bottles, there is machineries
available for your packaging operations as per your customize demand. When it comes to
packaging, cost savings and increased efficiency, Aim Technologies is out there for you
to provide the best solution. Their machines are designed with cost savings and efficiency
in mind. By automating the packaging process, you can reduce labour costs and improve
productivity with their Shrink Wrap machine.
With the ability to wrap multiple bottles in one group, their machines can handle high-
volume production lines with no hurdles. Not only do their packing machines save you
time and money, but they also improve efficiency of their production operation. By
reducing the time to wrap your bottles with their machineries, you can increase your overall
output and meet customer demands more effectively.

Aim Technologies is a leading 120 BPM automatic shrink wrapping machine
manufacturer and exporter in Gujarat, India. Their 120 BPM automatic shrink
wrapping machines are totally perfect for high-volume production lines, as they can work
continuously without any problem and require very maintenance. Also they consume less
power and give more output. On the other hand, semi-automatic machines are perfect for
smaller operations that may not require the same level of speed and efficiency in the
production.
It's very important to consider the quality and life span of the shrink wrapping machine.
Since investing in a high-quality machine may cost a lot in the starting but it can save you
money in the long run by reducing downtime, maintenance costs, and the need for frequent
19
replacements. Their bottle wrapping machines are designed specially to provide efficiency,
reliability, and also cost savings.
 Beverages Filling Machines :- A filling machine is a type of industrial machinery used to

fill containers with various types of products. These machines are commonly used in
industries such as food and beverage, pharmaceuticals, cosmetics, and chemicals. Filling
machines are used for filling products such as sauces, dressings, jams, honey, dairy products,
carbonated drinks, bottled water, and alcoholic beverages.
 40 BPM Water Filling Machine

Aim Technologies is a leading 40 BPM Water filling manufacturer & exporter in
Gujarat, India. Their 40 BPM Water Filling Machine is perfect for mineral water filling
from 200ml to 2000ml in same machine.
The 40 BPM Water Filling Machine is equipped with 6 head rinsing nozzles which allow
the bottles to get washed from inside. Their 40 BPM filling machine is having round Tank
with 8 head filling nozzles. The filling valves are designed to fill mineral water from 200ml
to 2000ml. Their bottle filling machine is also provided with 3 sets of special capper, with
Capping Die to tighten the cap of your mentioned size.

They are 60 BPM water filling machine manufacturer, exporter in Gujarat, India.
Their 60 BPM Water Filling Machine is perfect for mineral water filling from 200 ml to
2000 ml in same machine.

The 60 BPM Water Filling Machine is equipped with 12 head rinsing nozzles which
allow the bottles to get washed from inside. Their 60 BPM filling machine is having round
20
Tank with 12 head filling nozzles. The filling valves are designed to fill mineral water from
200 ml to 2000 ml. Their bottle filling machine is also provided with 4 sets of special
capper, with Capping Die to tighten the cap of your mentioned size
.
Aim Technologies is a renown manufacturer & exporter of 90 BPM Water Filling
Machine in Gujarat, India. Their 90 BPM Water Filling Machine is perfect for mineral
water filling from 200 ml to 2000 ml in same machine. The 90 BPM Water Filling
Machine is equipped with 16 head rinsing nozzles which allow the bottles to get washed
from inside. Their 90 BPM filling machine is having round Tank with 16 head filling
nozzles. The filling valves are designed to fill mineral water from 200 ml to 2000 ml.
Their bottle filling machine is also provided with 6 sets of special capper, with Capping
Die to tighten the cap of your mentioned size.

They are 120 BPM water filling machine manufacturer, exporter in Gujarat, India.
Their 120 BPM Water Filling Machine is perfect for mineral water filling from 200 ml to
2000 ml in same machine.
The 120 BPM Water Filling Machine is equipped with 24 head rinsing nozzles which
allow the bottles to get washed from inside. Their 120 BPM filling machine is having
round Tank with 24 head filling nozzles. The filling valves are designed to fill mineral
water from 200 ml to 2000 ml. Their bottle filling machine is also provided with 8 sets of
special capper, with Capping Die to tighten the cap of your mentioned size.
21
 Juice Filling Machine
Aim Technologies specializes and holds expertise in the manufacturing and exporting
of juice filling machines in Gujarat, India.This juice plant is evolved the use of most
excellent pleasant additives and advanced method. Also, their supplied juice plant is
distinctly favoured for his or her performance and reliability. Offered juice plant is
available within the marketplace in various specifications.
Their Fruit Juice liquid filling machines are designed to satisfy the changing wishes of the
Fruit Juice enterprise. They manufacture the proper machinery to address your Fruit Juice
filling wishes and meet your manufacturing desires.
It has numerous advantages, including a small structure, an excellent control system, and
ease of operation. Man-machine connection is possible thanks to an advanced touch screen
and PLC control system. The washing component consists mostly of the washing pump,
bottle clamps, water distributor, up turn-plate, guide rail, protection cover, spraying device,
defrosting tray, rinse water take, and rinse water refluxing tank. The Filling Part consists
primarily of a filling tank, filling valves (hot and pressure filling), a bottle hanging device /
bottle pedestals, an elevating device, a liquid indication, a pressure gauge, a filling pump, a
vacuum pump, and other components. Capping heads, cap loader (separated), cap
unscrambler, cap drop rail, pressure regular, and cylinders comprise the majority the
capping portion.
 Carbonated Soft Drink Filling Machine

Aim Technologies is a prominent Carbonated Soft Drink Filling Machine
manufacturer and exporter in Gujarat, India.Which are used to fill coca cola, spirit,
soda water, champagne, cocktail wine, beer, wine, alcohol, as well as other beverages in
PET, glass bottles, pop cans, and tin cans.
Carbonated soft drink/water/beverage filling machine is specially built for small to

medium scale manufacturing of both still and carbonated soft drinks in PET bottles ranging
in size from 200 ml to 2000 ml automatically rising, filling, and capping into one machine.
22
 Features :
 All contact parts of liquid are food grade stainless steel and plastics.
 The innovative bottle neck suspend system allows bottles to move effortlessly and
effectively between one size to another.
 Siemens, Mitsubishi, and Omron, among others, manufacture crucial electronic
components and PLC controllers with the newest counter pressure filling nozzles for
precision filling and pick and place capping systems.
 All production data and automation controls are provided digitally.
 Linear Filling Machine

Aim Technologies is a trusted Manufacturer & Exporter of Linear Filling Machines
in Gujarat, India. A linear filling machine is a type of packing equipment used in
industries such as food and beverage, cosmetics, and pharmaceuticals to fill containers with
liquid or viscous materials. A linear filling machine is so named because it works in a
linear fashion, with containers moving in a straight line through the filling process.
 Features:
 Filling accuracy is precise for constant fill quantities.
 Filling settings can be customized (fill volume, speed, and time).
 Compatibility with a wide range of container sizes and shapes.
 Integrate seamlessly into existing production lines or packaging systems.
 Controls that are simple to use, such as touchscreens or control panels.
 Hygienic design for product integrity and cleanliness.
23
 Cleaning and upkeep are simple and quick.
 Conformity to industry standards and regulations.
 Volumetric Filling Machine

Volumetric Filling Machine manufacturer and exporter in Gujarat, India. Volumetric
Filling Machine are capable of filling any type of liquid, which includes juices, petroleum
jelly syrups, paints, strainers, perfumes, flavored milk, curd, adhesives, shampoo, edible
oil, hair oil, lube oils, sauces, coolants, and cosmetic creams.
 Features
 Filling of predefined amounts with accuracy and precision.
 Fill quantities that are consistent for each container.
 Suitable for liquids or semi-liquids.
 can work with a broad range of viscidity.
 Versatile and suitable with a variety of container types (bottles, jars, cans, tubes, and so
on).
 Filling parameters that can be adjusted for volume control.
 High filling precision, with minimal product waste.
 Easy-to-use control panel for simple operation and modification.
 Filling procedures that are both efficient and dependable.
 Designed to ensure product integrity and quality.
 Simple upkeep and cleaning.
 Conformity to industry standards and regulations.
 PET Bottle Blowing Machines :- It is a piece of equipment specially used to blow PET
(polyethylene terephthalate) plastic particles into plastic bottles of various shapes.
 Semi Automatic PET Blow Moulding Machine

Aim Technologies is a well-known Semi Automatic Pet Blow Moulding Machine
Manufacturer and Exporter in Gujarat, India. They designed their Semi Automatic
Pet Blow Moulding Machines to produce more with less expenditure. They simplified the
technology of the Semi-Automatic Pet Blow Moulding Machines so that their buyer could
use and maintain them on his own (without their assistance).This machine can blow water
bottles up to 2 litres and medicinal bottles up to 1 litre.
24
 2 KVT Automatic Pet Blowing Machine

They are 2 KVT Automatic Pet Blowing Machine manufacturer, exporter in
Gujarat, India. The main purpose of their Automatic Pet Blow Molding machine is to
manufacture a lot of high quality pet bottles. Their customer can easily operate and
maintain the machine for that they have simplified the technology. Their pet blowing
machine can blow up to one litre of water bottles as well as CSD bottles.
 3 KVT Pet Blowing Machine

Aim Technologies is a leading 3KVT Pet Blowing Machine manufacturer, exporter
in Gujarat, India. They designed this 3 KVT Pet Blowing Machine to produce more
with less money invested. In order for their customer to be able to operate and maintain
the fully-Automatic Pet Blow Molding Machine independently (without their help), they
simplified its technology. This easily accessible machine can blow up to one liter of
drink, water, and many other bottles.
25
 4KVT Automatic Pet Blowing Machine
Aim Technologies is a leading 4 KVT Automatic Pet Blowing machine
manufacturer and exporter in Gujarat, India. They developed this 4 KVT Pet
Blowing Machine with the purpose of producing more pet bottles. Their main purpose is
to let their customers independently utilize and maintain the Automatic Pet Blow
Molding Machines by simplifying their technology. This Automatic pet blowing machine
works well for blowing soda and water bottles and many others.
 Blow Moulds
Aim Technologies is a reputable Blow Mould manufacturer and exporter in Gujarat,
India. Aim Technologies is a company that specializes in the creation, design, and
production of stretch as well as blow moulds. They have an established track record of
designing and manufacturing high-efficiency moulds on time. As a well-known industry
participant, they manufacture and offer a wide range of PET Bottle Mould. Used in the
manufacture of pet bottles, containers, and jars.
Bottle Blow Moulds are made available in a wide range of finishes. These bottle blow
moulds are designed employing the newest technology support, as well as contemporary
tool rooms and CNC machining centres, to offer them with an optimum construction finish.
Furthermore, the use of stainless steel or aluminium metals in mould construction results in
better-polished bottle surfaces and clear-cut shapes of final finished bottles.
26
Production Process
 (STEP 1:- TAKING THE ORDER) As Aim Technologies manufactures one or few
quantity of products designed and produced as per the specification of customers. So their
already established clients contacts the company when they have a requirement of a
machine to be produced and then the officials of the company receive their order and they
ask the customers if they want to customize the ordered machinery and the official
explain the customers about the machineries produced and the plant layout where it
should be settled according to their requirements. They also use Indiamart`s website to
find new customers and contact those customers through their contact details provided by
the customers on the website.
 (STEP 2:- ORDER CONFIRMATION) After the customer had placed the order the
company officials gives a specified token to the customer and take a certain amount of
payment of the machinery.
 (STEP 3:- PRODUCTION) Then the final customized or pre-designed layout of the
machinery is sent to the production unit at the plant then the workers and the officials of
the production unit start manufacturing the machinery according to the provided
design/layout of the machinery to be produced. And then the production unit starts the
process of manufacturing the ordered machinery and the payment is taken in intervals
throughout the making process from the customer.
 (STEP 4:- SELLING THE PRODUCT) At last, the produced machinery is then sold to
customer after taking the full payment of the machinery.
Material Handling Equipments Used

Aim Technologies uses only a few material handling equipments to reduce moving costs and
utilizes there material handling equipments optimumly. material handling equipments used by
aim technologies are :-
 Cranes
Cranes lift and move the loads of varying size. Cranes are devices mounted on overhead rails or
ground level wheels or rails. They lift, swing & transport large and heavy materials.
Cranes are commonly employed in transportation for the loading and unloading of freight, and
for the assembling of heavy equipment, to move the manufactured machineries.
27
 Trucks & Commercial Vehicles
A truck is a motor vehicle designed to transport freight, carry specialized payloads, or perform
other utilitarian work. Trucks vary greatly in size, power, and configuration, but the vast majority
feature body-on-frame construction, with a cabin that is independent of the payload portion of
the vehicle.
The Small Commercial Vehicle (SCV) segment was created by the launch of Tata Ace in May
2005. These are suitable for short intra-city deliveries, plying on narrow village roads, long
highway hauls carrying small bulky loads or even heavy cargo.
Raw Materials Used
SS(Stainless Steel) :- It is an alloy of iron that is resistant to rusting and corrosion. It contains
iron with chromium and other elements such as molybdenum, carbon, nickel and nitrogen
depending on its specific use and cost. Stainless steel's resistance to corrosion results from the
10.5%, or more, chromium content which forms a passive film that can protect the material and
self-heal in the presence of oxygen.
MS(Mild Steel) :- It is a ferrous metal made from iron and carbon. It is a low-priced material
with properties that are suitable for most general engineering applications. Low carbon mild steel
has good magnetic properties due to its high iron content, it is therefore defined as being
‘ferromagnetic’.
Aluminium :- It is a silvery-white metal, the 13 element in the periodic table. One surprising
fact about aluminium is that it's the most widespread metal on Earth, making up more than 8% of
the Earth's core mass. It's also the third most common chemical element on their planet after
oxygen and silicon.
PLC , HMI :- A Programmable Logic Controller, or PLC, is a ruggedized computer used for
industrial automation. These controllers can automate a specific process, machine function, or
even an entire production line. The PLC receives information from connected sensors or input
devices, processes the data, and triggers outputs based on pre-programmed parameters. Human
Machine Interface, often known by the acronym HMI, refers to a dashboard or screen used to
28
control machinery. Line operators, managers and supervisors in industry rely on HMIs to
translate complex data into useful information.
Miniature Conveyor :- Miniature conveyors are conveyors built as small as they come. Despite
their space-saving sizes, however, Dorner’s miniature conveyors—also known as mini
conveyors, mini conveyor belts, mini belt conveyors and other similar names—are designed to
move small parts and lightweight product safely and efficiently. Production Department
Start Stop/Emergency Button :- A Push Button switch is a type of switch which consists of a
simple electric mechanism or air switch mechanism to turn something on or off. An emergency
stop button, also known as an E-Stop, is a fail-safe control switch that provides safety both for
the machinery and for the person using the machinery. The purpose of the emergency push
button is to stop the machinery quickly when there is a risk of injury or the workflow requires
stopping.
Sensors :- A sensor is a device that produces an output signal for the purpose of detecting a
physical phenomenon. A sensor is a device, module, machine, or subsystem that detects events
or changes in its environment and sends the information to other electronics, frequently a
computer processor.
Wires :- A wire is a flexible, round, bar of metal. Wire is commonly formed by drawing the
metal through a hole in a die or draw plate. Wire gauges come in various standard sizes, as
expressed in terms of a gauge number or cross-sectional area.
MCB`s :- An MCB is an automatically operated electrical switch. Miniature circuit breakers are
intended to prevent damage to an electrical circuit as a result of excess current. They are
designed to trip during an overload or short circuit to protect against electrical faults and
equipment failure.
Induction Motor :- An induction motor or asynchronous motor is an AC electric motor in

which the electric current in the rotor that produces torque is obtained by electromagnetic
induction from the magnetic field of the stator winding.[1] An induction motor therefore needs
no electrical connections to the rotor.[a] An induction motor's rotor can be either wound type or
squirrel-cage type.
Rubber Roll/Rubber Bolt :- A rubber bolt is a removable rivet nut made of two parts. A
flanged rubber portion made of EPDM Neoprene and a brass insert nut. Well nuts only require
one side of the hole to be exposed so they can be used for blind fastenings.
Brush :- The Industrial Brushes are some of the most surprising components of industrial
processes, due to their diversity of services and applications, and even today, the majority of
professionals in the industrial sector are unaware of them.
29
Servo motor :- A servomotor is a rotary or linear actuator that allows for precise control of
angular or linear position, velocity, and acceleration in a mechanical system. It constitutes part of
a servomechanism, and consists of a suitable motor coupled to a sensor for position feedback and
a controller.
Screws/ Nuts & Bolts :- A nut is a component that fits over the end of a bolt and helps it hold
objects in place. A bolt is a non-tapered fastener that uses a washer and nut to hold objects
together. A screw is a tapered fastener that mates with an existing thread or creates its own
thread in a material as it turns.
Order Quantity & Reorder Level
Order quantity is based on customers order and according to the requirement of making the
machinery and it is very specific according to the production of specific machines. And the
company order the raw materials are then ordered according to the production requirements.
And the company maintains their stock of few already built machines in case of quick or random
orders and maintain their inventory of those machines.
Reorder Level is measured when a order is received as they produce job shop production they
don’t need to maintain reordering level, they only reorder when they a confirm an order and they
also maintain a safety stock for emergency or little deadline orders.
On-The-Job Training
The workers and employees are taught about the machines produced in the company and how
does those machine works and the workers are then taught about the assembling of the
machinery to be produced as it requires assembling and mechanical skills of the workers to the
assemble those machines.
The employees are also taught about every detail of the produced machineries of the company
and how to convince the customers in ordering their products in which, they are taught to check
the details about the customers and their order details. And they are taught to how to talk with
those customers in different languages and convince them in buying/ordering the products. And
keep the records of the order and the customer and design plant/machinery layout and explain the
layout to the customer according to their demand and customization of the ordered product. And
pass the designed layout of the product to the production unit and meet their monthly goals of
finding customers and completing their order.
30
Ch-3 : Marketing/Sales Department
List Of Products
 Purified Mineral Water Plant
 Turnkey Mineral Water Project
 Labelling Machine
 Single Side Sticker Labeling Machine
 Front & Back Sticker Labeling Machine
 Round Labeling Machine
 Customized Labeling Machine
 BOPP Labeling Machine
 Shrink Sleeve Applicator
 All In One Labeling Machine
 Shrink Wrapping Machine
 Semi Automatic Shrink Wrapping Machine
 Beverages Filling Machine
 Juice Filling Machine
 Carbonated Soft Drink Filling Machine
 Linear Filling Machine
 Volumetric Filling Machine
 Pet Blowing Machine
 Semi Automatic PET Blow Moulding Machine
 3 KVT Pet Blowing Machine
31
 Blow Moulds
Number Of Customers/Clients
Major Competitors
 Maruti Machines Private Limited  Swarnabha Industries Private Limited
 Snowpetrel Corporation  Dharmanandan Techno Projects Pvt. Ltd.
 H.S Filling & Packaging  Aquatech Plus Private Limited
 Shivshakti Enterprises  Aquatech Plus Private Limited
 Excel Filtration Pvt. Ltd.  Arise Engineering
 Gajanand Machines Pvt. Ltd.  Gajanand Machine Private Limted
 Indian Ion Exhange & Chemicals Ltd.  Bansal Sweet Water Technology
32
Specific Distribution Channel
Direct Distribution Channel
Direct distribution is a strategy that involves manufacturers
delivering products straight to consumers without
intermediaries like wholesalers or distributors.
Aim Technologies independently handles production and
sales, which can boost revenue and cut marketing costs since
promotion occurs primarily through their own/other websites
and in-store materials.
Aim Technologies operates by directly connecting with end consumers. They bypass intermediaries like
wholesalers or retailers. They manage the entire process, from production to selling, leveraging their own
resources and networks. They either use websites like Indiamart.com or to contact new customers and
offer the products and services by contacting those customers.
Promotion Tools Used

 Youtube
Aim Technologies uses youtube.com for uploading product
detail videos of every product they manufacture and the
installation videos of those produced machineries and
videos for promoting the products and the company to
existing/new customers in the market and these videos also
help the customers to understand the products/services
provided by the company.
 Instagram
Aim Technologies uses instagram.com for updating the
customers about the products and ongoing projects and
events and the detail videos of every product they
manufacture. Videos and posts for promoting the products
and the company to existing/new customers in the market.
It also helps the customers to understand the
products/services provided by the company through
different videos, reel, and posts.
 Facebook
Aim Technologies uses facebook.com for uploading the
customers about the products and ongoing projects and
events and the detail videos of every product they
manufacture. And they also provide details about their
events and daily updates through posts/videos to their
followers and clients.
33
 Linkedin
Aim Technologies uses linkedin.com for updating about the
projects of the company and to heir skilled and educated
employees. It also holds the list of officials and employees
and details about them and their skills and their
designations in the company. Just like facebook and
instagram they also update their followers about their
upcomimg/ongoing events and about the daily updates
about the company.
PLC Concept
Product Life Cycle is the journey of any product from its start,
growth, maturity & decline. Product life cycle (PLC) deals with the
various stages that a product goes through in the market and the
business it does. Product life cycle is an important concept in
business as it tracks the life cycle of any product, service or brand.
PLC represents the performance of sales of a product over a period
of time.
PLC Concept Of Their Product

Stages Description
1.Introduction As Aim Technologies produces the product mostly on customer order in job-
Stage shop production most of the time the customer knows about the product so they
don’t require the introduction about the product, but the products of the
company does go through this stage.
In this stage, the product has been introduced to the customer and in the
market. The sales of the product starts to grow slowly throughout the
interested customers in the market. The company spends initially on the
advertisement and uses various other tools for promotion in order to motivate
and produce awareness among the consumers. The product starts to gain
distribution and recognition as the product is initially new in the market and in
this stage the quality of the product is not assured and the price of the product
will also be determined according to the cost of producing the product.
Normally, the average life-span of every product produced in the company is

around 11 to 12 years, if the maintainance of the product is done correctly and
34
timely.
2.Growth Aim Technologies provides maintenance services on the products sold to the
Stage customers for a time period of 1 year on every product sold which helps the
product to gradually grow and maintain its performance for the customer which
helps in the overall growth of the product in the market also.
At this stage, the product grows in the market and sales of the product increases
gradually in the market. New customers are becoming aware of the product.The
customers are becoming satisfied with the product and are buying it again and
again.
3.Maturity The products sold by Aim Technologies touches it’s peak performance after
Stage the growth stage which is roughly after around 1 year of maintenance and
services done on the product/machine. The product is used on full efficiency at
this level which helps in obtaining the optimum production for the customer
At this stage, the investment and maintenance cost is all time low in the
lifespan of the product which comes in handy for the customer whereas, the
profit obtained is all time high from the product. The cost of the product has
been decreased because of the increased volume of the product and the product
started to experience the curve effects. The decline of the product and cost of
attaining new buyers in this level is more as compare to the resulted profit.
4.Decline This stage is the final stage of the product which is also called the decline
Stage stage. At this stage, the products performance starts to decline and is at end of
its lifespan. The profit obtained from the sales of the product starts to decline
because the performance of the product also declines at this level.
At this stage, the customer of the product has to either buy the new
product/machinery from the company or else has to change the spare/defective
parts of the product to again attain better performance and to increase the
volume of production.
Pricing Method
Aim Technologies uses cost-oriented pricing method in which they set a selling price based on
the product production, manufacturing, and distribution costs. They arrive at this figure by
adding a markup percentage to the total cost of making and delivering the product. The cost of
the product is the total cost spent on the production of the product. This method is the purest
form of pricing method.
To classify there pricing method further it can be understood through sub-category of cost-
oriented method :-
35
Cost Plus Pricing
Aim Technologies uses cost plus pricing method. This method is the simplest, and the price of
goods using this method is determined by following the most basic idea behind the concept of
business. The idea is that a businessman produces and sells a product to generate profit from it.
The price of goods is determined by adding the unit cost of production with a certain percentage
of the value and taxes charged on the product sold. They use this method because it covers all the
costs of production and provide a consistent return on investment.
CRM Practices
CRM stand for customer relationship management which means managing all of your
company’s interactions with current and potential customers. It is carried out to improve
relationships to grow your business. CRM helps companies stay connected to customers,
streamline processes, and improve profitability.
AIM Technologies also follow CRM practices in which they contact their existing and potential
customers through platforms like whatsapp and indiamart and other similar platforms where the
officials and employees of the company takes feedbacks for few months about the condition and
the performance of the products sold to the customers. After taking the feedback they execute the
services according to the response of the feedback. If the feedback received by the customers
comes negative and if any problem occurs the CRM department provides trained professionals
to fix the problems occurred and take feedback of the services provided.
Aim Technologies keeps these records and solve these issues which also helps in solving similar
issues which may occur in near future. Their main goal is focused to satisfy the customer through
their services and also to increase to performance and life cycle of the product sold to the
customer.
Sales Force Management

Salesforce management systems are information systems used in customer relationship
management marketing and management that help automate some sales and sales force
management functions. It helps in selling the products in large amounts and establish a brand
name in the market and within the customers. It is the companies one of the most important
management departments as every company requires large amounts of sales to survive in the
market.
Aim Technologies does carry out sales force management which helps them in increasing the
number of sales and establishing new customers to sell the products to them. And it also helps
them in establishing healthy relations with the existing customers.
The sales employees of Aim Technologies use Indiamart`s website to find new customers and
contact those customers through their contact details provided by the customers on the website
and convince them to buy the products sold by the company. They also contact overseas
customers.
36
Market Segmentation
Market segmentation is the practice of dividing your target market into approachable groups.
Market segmentation creates subsets of a market based on demographics, needs, priorities,
common interests, and other psychographic or behavioural criteria used to better understand the
target audience.
Aim Technologies also handles their existing customers by dividing them in different categories
like Geographical, Behavioural segmentations as :-
Geographic segmentation
Aim Technologies divides their customers geographically through different zones overall
India. For context, they divide their existing customers in 4 different zones which are North
Zone, South Zone,
East Zone, West Zone according to the origin of the customer which means a certain sales
management employee will take the orders from the North zone, and other employee will take
the orders South zone, and same goes for both West and East zones according to their familiarity
of their languages. It also helps the sales employees to maintain healthy relations between the
employers and the customers.
Behavioral segmentation
Aim Technologies also divides their customers based on their behavior with the company
andemployees.
They divide their customers on their purchasing behavior and their relation with the company
and how loyal are those existing customers are towards the company. The employees also looks
and divides the customers by considering other points such as customer journey in the company,
occasion/timing of purchasing the products, usage behavior of the products which helps the
business in determining the best customers/clients for the business.
Marketing Plan
A marketing plan is the advertising strategy that a business will implement to sell its product or
service. The marketing plan will help determine who the target market is, how best to reach
them, at what price point the product or service should be sold, and how the company will
measure its efforts.
Aim Technologies also carries out their marketing plan in specific way by contacting and
gathering new customers through different online platforms. Their marketing plan consist these
platforms for the promotion of their product as well as the company :-
 Utilizing social media: Platforms like Facebook, Instagram, Twitter, and LinkedIn to
showcase product features, benefits, and updates.
 Email Marketing: Send regular newsletters or product updates to subscribers,

highlighting new releases, promotions, and relevant information.
37
 Website Content: Ensure that product information is easily accessible and well-
presented on their website, including detailed descriptions, images, and customer
reviews.
 Blogging: Maintain a blog to provide in-depth articles, tutorials, and case studies related
to your products, demonstrating their value and usage.
 Video Content: Create engaging video content such as product demos, tutorials, and
testimonials to showcase product features and benefits.
 Exhibitions and Live Demos: Exhibitions or live demonstrations to interact with

customers directly, answering questions and providing hands-on experiences with your
products.
 Loyalty Programs: Offering benefits to existing customers who refer new customers or
make repeat purchases, encouraging word-of-mouth promotion.
 Customer Support: Ensure that their customer support team is well-trained and
equipped to answer product-related queries promptly and effectively.
 Community Engagement: Foster a community around their brand through forums,

social media groups, or online communities, where customers can discuss and share their
experiences with your products.
Export Marketing
 Market Analysis: Market analysis is to understanding the demand, competition, and trends
in export marketing.
 Product Adaptation: Adjusting products for foreign markets preferences and their
requirements.
 Regulatory Compliance: Meeting legal requirements and standards set by regulatory

authorities. Legal authorities can vary depending on the country and industry. For export
marketing, they may include government agencies responsible for trade, customs, product
safety, and industry-specific regulations.
 Distribution Channels: Distribution channel describes how goods travel from the exporter
to the international customer.
 Logistics and Transportation: Managing the movement of goods from production to

destination efficiently.
 Pricing and Strategy: Determining prices and plans to effectively enter and compete in
markets.
38
 Promotion and Marketing: Promotion and marketing involve advertising, trade shows,
social media, discounts, and targeted campaigns to attract customers and boost sales
effectively.
 Risk Management: Managing problems before they occur, having backup plans, and
staying informed about market changes to minimize negative impacts on business.
 Financial Planning: Creating strategies to manage finances effectively, including

budgeting, investing, and forecasting, to achieve business goals and ensure sustainability.
 Timeline: Creating a timeline involves listing tasks, estimating durations, and arranging them
in chronological order to visualize the project's progression over time.
 Evaluation and Adjustment: Assessing performance, making necessary changes to

improve outcomes, and ensuring goals are met efficiently and effectively.
EXPORTING MACHINERY REQUIRES VARIOUS DOCUMENTS:
 Commercial Invoice
 Packing List
 Bill Of Lading
 Certificate Of Origin
 Export License
 Inspection Certificate
 Export Declaration
 Insurance Certificate
 Import Customs Documentation
 Ensure compliance for smooth transit .
39
Ch-4 : Finance/Accounts Department
ACCOUNTING PROCEDURE
An accounting procedure is a standardized process that is

used to perform a function within the accounting department.
It itemizes each step in the process, noting how it is to be
completed.
They are essential for the consistent recordation of business
transactions, as well as to ensure that processes are conducted
in a manner that complies with the applicable accounting
framework.
Aim Technologies also follows a basic accounting procedure
which is carried out by their Chartered Accountant (CA) from
recording transactions to preparing final financial statements.
These procedure can be further classified into :-
1.)Identifying the transactions at Aim Technologies Pvt. Ltd.: Aim Technologies Pvt. Ltd.
operates in the competitive landscape of technology solutions, where every transaction holds
significance. From sales of software products to procurement of hardware components, each
financial activity must be meticulously identified and documented. Additionally, Aim
Technologies engages in various operational expenses such as marketing, research and
development, and administrative costs. Furthermore, investments in research projects or
acquisitions of new technologies also constitute essential transactions for Aim Technologies.
Therefore, the first step in the accounting procedure involves a thorough analysis of all financial
activities to ensure comprehensive recording and reporting.
2.) Posting the transactions into Aim Technologies' journal books: The journal serves as the
primary recording tool for Aim Technologies, capturing the essence of each transaction in
chronological order. For instance, sales revenue generated from software licenses or service
contracts is meticulously recorded, accompanied by details such as customer names, invoice
numbers, and transaction dates. Similarly, purchases of hardware components, software licenses
from vendors, and payments to suppliers are diligently documented. Additionally, operational
expenses, including salaries, utilities, and marketing expenditures, find their place in Aim
Technologies' journal. Such detailed entries ensure transparency and accuracy in financial
reporting, enabling stakeholders to understand the company's financial performance
comprehensively.
3.) Posting from Aim Technologies' journal books to ledger accounts: Following the
recording of transactions in the journal, Aim Technologies systematically transfers the relevant
40
information to ledger accounts. These ledger accounts categorize financial activities into distinct
accounts such as cash, accounts receivable, accounts payable, inventory, and various expense
and revenue accounts. For example, sales revenue from software products is posted to the
"Software Sales Revenue" account, while expenses incurred in research and development are
allocated to the respective expense accounts. This process ensures that all transactions are
accurately classified and summarized, facilitating efficient financial management and decision-
making.
4.) Determining the trial balance for Aim Technologies: Aim Technologies conducts periodic
reviews to compile a trial balance, summarizing the balances of all ledger accounts at a specific
point in time. This internal document serves as a preliminary check to ensure that the total debits
equal the total credits, thereby validating the accuracy of the accounting records. Any
discrepancies identified during this process are promptly investigated and resolved to maintain
the integrity of Aim Technologies' financial data. By consistently generating trial balances, Aim
Technologies gains insights into its financial position and can identify trends or anomalies that
require further analysis.
5.) Creating a worksheet for Aim Technologies: As part of the accounting process, Aim
Technologies prepares a worksheet to facilitate the adjustment of entries and the preparation of
financial statements. The worksheet serves as an organizational tool, detailing the necessary
adjustments to be made for accruals, prepayments, depreciation, and other accounting
adjustments. For instance, Aim Technologies may adjust for accrued expenses such as unpaid
utilities or recognize prepaid expenses for future services. Additionally, depreciation expenses
associated with fixed assets are calculated and recorded to reflect their gradual consumption over
time. By utilizing a worksheet, Aim Technologies ensures that all necessary adjustments are
accurately captured before finalizing the financial statements.
6.) Adjusting journal entries for Aim Technologies, if necessary: Based on the information
presented in the worksheet, Aim Technologies makes any required adjustments to the journal
entries to reflect the most accurate financial position. These adjustments may include
recognizing revenue or expenses that were previously unrecorded, correcting errors, or
reclassifying certain transactions to align with accounting principles. For example, Aim
Technologies may adjust revenue recognition for long-term service contracts or expenses
associated with warranty obligations. By adhering to the accrual basis of accounting and making
necessary adjustments, Aim Technologies presents financial statements that faithfully represent
its financial performance and position.
7.) Preparing financial statements for Aim Technologies: Finally, armed with accurate and
adjusted financial data, Aim Technologies prepares a comprehensive set of financial statements
to communicate its financial performance and position to stakeholders. The income statement
showcases revenues, expenses, and net income over a specific period, providing insights into the
company's profitability. The balance sheet presents Aim Technologies' assets, liabilities, and
shareholders' equity at a given point in time, offering a snapshot of its financial health.
41
Additionally, the cash flow statement outlines the sources and uses of cash during the period,
highlighting Aim Technologies' liquidity and ability to meet its financial obligations. These
financial statements serve as vital tools for investors, creditors, and other stakeholders to assess
Aim Technologies' financial viability and make informed decisions.
By meticulously following this comprehensive accounting procedure, Aim Technologies

ensures the accuracy, transparency, and reliability of its financial records and statements,
thereby enhancing trust and confidence among its stakeholders.
CASH INFLOW & OUTFLOW
Aim Technologies' cash flow relies on customer orders, where a

50% advance payment is required upon order placement. This
initial payment kickstarts the production process, enabling the
company to procure necessary materials efficiently. As
production progresses, customers eagerly await delivery. Upon
receipt, the remaining 50% of the product's price is collected,
finalizing the transaction. This method ensures consistent revenue
influx throughout the order fulfillment cycle, with payments
aligning with key milestones. By synchronizing revenue
generation with the order, production, and delivery phases, Aim
Technologies fosters a symbiotic relationship with its clients while maintaining a sustainable
financial ecosystem conductive to long-term growth.
Aim Technologies overall turnover is around 50 to 60 crores in a year. It establishes that the size
of the company comes under category of small MSMEs.
FINANCIAL MANAGEMENT FUNCTIONS

Aim Technologies focuses on maintaining these financial management functions to achieve their
financial goals in the company and smoothly operate their operations. These functions can be
further classifies into :-
 Accounting Excellence: Led by seasoned Controllers and Chief Accounting Officers,
their accounting team meticulously tracks and records all monetary transactions.
Leveraging cutting-edge accounting software, they maintain precise financial records,
ensuring accuracy in every transaction.
 Project Precision: With projects driving their growth, their finance team meticulously
allocates budgets and monitors revenue streams. This meticulous oversight ensures that
every project contributes to their bottom line and top line effectively.
 Efficient Procurement: Their procurement process is seamlessly divided into direct and
indirect channels. Supply chain teams handle direct procurement, while finance oversees
42
indirect procurement, ensuring that their operational needs are met efficiently and cost-
effectively.
 Tax Mastery: Navigating the complex landscape of taxation, they ensure compliance
across various jurisdictions. Their expertise minimizes financial risk and maximizes
opportunities within the bounds of regulatory frameworks.
 Capital Care: Their treasury department diligently manages capital assets, debts, and
cash flow, providing strategic guidance on investments and mergers. Their insights shape
their capital structure, ensuring financial resilience and agility.
 Risk Mitigation: Safeguarding their financial integrity is paramount. They also make
sure the company follows the rules and regulations laid out by governments, regulators,
and other jurisdictions to stay in compliance and avoid hefty fines. By proactively
addressing compliance issues, they uphold their commitment to ethical and responsible
business practices.
OTHER FINANCIAL MANAGEMENT OPERATIONS

In Aim Technologies, their financial management operations are monitored and operated to
uphold operational efficiency and foster sustainable growth. These can be further classified
into :-
 Working Capital Mastery: They prioritize ensuring that their day-to-day operations run
smoothly by meticulously managing cash flow to meet essential expenses such as payroll
and procurement of raw materials. By closely monitoring cash reserves, inventory levels,
and liquid assets, they adeptly navigate any financial challenges that may arise.
 Revenue Cycle Optimization: In line with their commitment to adaptability, they excel
in managing revenue cycles, particularly in the evolving landscape of subscription-based
services. Their emphasis on Monthly Recurring Revenue (MRR) enables us to accurately
track and forecast income streams, ensuring financial stability and predictability.
 Strategic Capital Budgeting: At Aim Technologies, they are committed to achieving

both short-term targets and long-term aspirations. Through meticulous capital budgeting,
they meticulously evaluate investment opportunities to ascertain their potential for
enhancing business value. This process guides their allocation of financial resources,
driving innovation and growth initiatives.
 Capital Structure Expertise: Maintaining a balanced capital structure is fundamental to

their financial strategy. They meticulously optimize the mix of debt and equity, as
reflected in their debt-to-equity ratio, to support their operations, acquisitions, and
strategic investments. This approach ensures financial resilience and agility, positioning
Aim Technologies for sustained success in a dynamic market landscape.
43
Ch-5 : Human Resource/Personnel
Department
RECRUITMENT PROCEDURE
Recruitment is a core function of the Human Resource department. It is a process that involves
everything from identifying, attracting, screening, short-listing, interviewing, selecting, hiring,
and on-boarding employees. Aim Technologies also goes through the recruitment procedure to
fulfill their recruiting needs and to recruit skilled employees for their company. Their recruitment
procedure can be further classified in :-
 Identifying the Hiring Needs

Aim Technologies hires people whenever there are vacancies available in the company.
According to the hiring requirements, in terms of experience, skills, and knowledge required for
the job. Their employer figures out the gaps in the current team, and also figures out the outputs
received based on the input provided on the behalf of his team.
 Preparing the Job Description

Then the employer is sure about what he seeks in terms of experience, skills, and knowledge.
They create a job description of the vacant job offered. This includes the responsibilities and
duties for the job for which they are giving out a vacancy.
They in-list these essentials to fill-in their ideal job description :-
 Jobs Offered
 Work Experience
 Total Vacancies
 Salary Offered
 Required Skills(Communication skills, Computer skills)
 Employment Type(Full/Part-time)
 Qualifications
 Location
44
 Talent Search
Then the employer uses social media networks and job recruitment boards to his full
advantage to search for talented candidates. They utilize various platforms, both online
and through multimode channels to search for talented candidates, such as Naukari.com,
LinkedIn, Indeed, and ApnaJob. Individuals seeking employment browse these platforms
for job listings and submit their applications accordingly. If any member or relative of an
employee is deemed suitable for a position, the company requests their resume. The more
people see the job ads, the more of them will apply. This brings ease to hiring the best-
suited talent according to their job profiles.
 Screening and Short-listing.

Identifying the best-suited candidates is the most difficult part associated with
recruitment process. So, in any organization, screening and short-listing of candidates
should be accurate and efficient. They first screen the candidates based on minimum
qualifications. Then they further shortlist the candidates based on their certifications,
technical competencies, domain expertise, relevant experience. And then they short-list
those candidates who have both, minimum qualifications and preferred experience. Then
atlast, they flag all concerns and queries that one may have in the resumes, such that they
can be clarified while the interview takes place.
 Interviewing
Their interviewing procedure typically involves a round of telephonic or video
interviews, face-to-face interview, and IQ testing which is characteristically is the final
round of interviews. This unbiased screening delivers the best fits for their job and makes
short-listing easy for the company. But the interviewing procedure is a little bit costly and
time-consuming because it includes various rounds to short-list the candidates and find
best fits for the vacant job.
 Evaluation and Offer of Employment

This is the final stage for the candidates. However, on the employer’s part, it is never
easy to be sure that a candidate is going to accept the job offer. If the candidate has taken
the time to complete the paperwork and has been waiting through the selection process,
then they take the job offer. The company checks the references before writing down an
offer letter. On the offer letter, they mention the conditions of employment alongside the
joining date. All details, including compensation, should be clearly specified.
 Introduction and Induction of the New Employee

After accepting the job offer, the applicant will officially become a part of the company.
Herein, the joining date and time will be shared with the employee. Then the company
initiates a verification pre-employment screening, which includes reference and
background checks. After the verification completes, the introduction of the employees to
the organization takes place. And then, the induction process of the employees starts.
Herein, employees receive a welcome kit and the employment contract is also signed.
45
SELECTION PROCESS
Selection is the process of assessing candidates' qualities, expertise and experience to narrow
down the pool of applicants until you're left with the best employees for the role. This process
usually involves conducting interviews and using various tests and assessments to evaluate each
candidate.
 Resumes/Application
In the first step of selection process of Aim technologies, they advertises the vacant position in
the company and in that advertisements they include the capabilities needed for the job.
Depending on the type of work experience, skills, and certification desired will depend on what
platforms the position is announced. Aim technologies utilize social media platforms such as
Facebook, LinkedIn, Whatsapp, and Instagram to advertise about the selection and hiring for
employees or else they approach local job references within the organization.
 Short-list/Screening
In the second step, they complete initial screening. During this stage, the hiring manager sorts
through the applications looking specifically at work experience, degrees or certifications, and
other listed qualifications. The hiring manager reads through the resumes, and purges unqualified
candidates but do not toss out their information. As it might come in handy when a position will
become available that would be a perfect fit for them.
 Interview
Once the candidates has completed the application and is believed to be a good fit for the
position the company will schedule an interview with those candidates. Their interviewing
procedure typically involves a round of telephonic or video interviews, face-to-face interview,
and IQ testing which is characteristically is the final round of interviews. But this step is a bit
costly and time-consuming as the hiring manager takes interviews of every candidate which are
remained after the screening of applications.
 Reference And Background Check

After, taking the interview of all the candidates the hiring manager then does reference and
background checks of the candidates they liked and preferred for the job about their previous
performance in their jobs of previous companies. It is important to receive feedback on
candidates, especially from previous employers and coworkers. By having reliable feedback they
assure that they find the best candidate for the position.
46
 Final Decision
After the interviews are completed, references are checked, and backgrounds are cleared, it is
time to look at each candidate as a whole. The hiring manager then gathers their resume, notes,
and any additional documents and compare the candidates that they believe may be a good fit for
the position. Once a decision has been made they make sure to contact the selected candidate
immediately and give them job offer.
NO. OF EMPLOYEES
TOTAL MEMBERS: 67
 Human Resources (HR): 1 Employee
 Finance and Accounting: 1 Employee
 Marketing: 11 Employees
 Operations: 30 Employees
 Manufacturing Department: 4 Employees
 Workers: 26 Employees
 CRM Department: 1 Employee
 Research and Development (R&D): 2 Employees
 Legal Officers: 2 Employees
 Quality Assurance (QA) / Quality Control (QC): 2 Employees
 Purchasing / Procurement: 4 Employees
 Administration: 4 Employees
 Public Relations (PR): 2 Employees
 Training and Development: 4 Employees
 Safety and Compliance: 1 Employee
 Data Analysis: 1 Employee
 Overseas: 1 Employee
47
ATTENDANCE MAINTENANCE
Aim Technologies uses Biometric Attendance System for maintaining the attendance for their
employees within the organization. Biometric attendance systems scan fingerprints using a
special biometric-capturing scanner to track the daily attendance of employees and staffs at the
organization.
The biometric attendance management system identifies and stores the scanned fingerprints,
which are distinguished using specifically defined biological coordinates. Then, the online
attendance management system uses these biological parameters to accurately record the check-
in and check-out times of the employees and staffs of the organization. It benefits in error-free
attendance records, accurate attendance monitoring and it also saves time, cost & resources of
the company
TRAINING GIVEN
Aim technology provides new recruit a “on the job training”. Mainly the companies provide a
compulsory training to new employees so they can perform their job effectively and learn the
whole work in less time. In initial phase the training is must so they get the complete idea about
the work.
The workers and employees are taught about the machines produced in the company and how
does those machine works and the workers are then taught about the assembling of the
machinery to be produced as it requires assembling and mechanical skills of the workers to the
assemble those machines.
The employees are also taught about every detail of the produced machineries of the company
and how to convince the customers in ordering their products in which, they are taught to check
the details about the customers and their order details. And they are taught to how to talk with
those customers in different languages and convince them in buying/ordering the products. And
48
keep the records of the order and the customer and design plant/machinery layout and explain the
layout to the customer according to their demand and customization of the ordered product. And
pass the designed layout of the product to the production unit and meet their monthly goals of
finding customers and completing their order.
FRINGE BENEFITS PROVIDED
Company fringe benefits are additional perks or rewards that employees receive alongside their
regular salary or wages. These benefits can include things like health insurance, retirement plans,
paid time off (such as vacation days and sick leave), bonuses, tuition reimbursement, company
cars, flexible work hours, and more.
Aim Technologies provides monetary benefits like bonuses, performance appraisal through
incentives/commission on sales/marketing, Diwali gifts and other achievement awards as well
depending on the overall performance of the employees and overtime pay is also given to the
employees.
They also provide transportation facilities to their female staff .They do provide accommodation
facilities such as housing benefits or rental house facilities to their outer-state employees who
require these accommodation benefits. They also provide food, coffee/tea for their employees
and customers. Benefits like free wi-fi is also given at the workplace to manage their operations.
They also provide medical & life insurance to their employees/labors which refers to the
insurance in any occurrence of any accident to the employee/labor while working at the facility
which comes under
accident and health benefits in which they cover medical expenses.
They also provide other benefits such as flexible working hours, paid time off on sundays or
weekly, financial aid to the employees and labors according to their issues. Work smart-phones
to the sales management employees is also provided by the organization, and trips to other
countries such as China, and Dubai and fun trips to amusement parks, and exhibitions.
They don’t provide any retirement benefits to their employees and they suggested them on
providing retirement plan benefits to their employees such as provident fund.
LEAVE RULES
Aim Technologies provides weekly holidays on Sunday to every employee and worker of the
company which is also considered as paid leave to every employee. Leaves on maternity days
and menstrual period cycles are also provided to the female employees which also comes under
paid leave for them. Sick leaves are also granted to the employees depending on their condition.
49
And if any employee wants a casual leave they have to inform the HR two days early prior to the
wanted date leave by submitting a leave application to the HR with giving a valid reason in the
application as it depends on the HR if they want to give leave to the employee by validating the
given reason by the employees. And if the reason is valid enough they are also granted
immediate leaves. Other leaves such as paternity leave, festive holidays are also provided to the
workers/employees.
If any of the employee wants to leave the company they have to inform the HR 1month prior to
date of leaving the company as the company has to fill-in the vacant post.
All these leaves are recorded in their attendance app with an additional help of the biometric
scanning attendance machine which helps in generating recorded pay slip of individual
employee.
EMPLOYEE SAFETY MECHANISMS
Aim Technologies takes required care of its workforce, recognizing their invaluable contribution
to the company's success. Central to this commitment is ensuring the safety and well-being of
every employee, and one crucial aspect of this approach is the provision of accident insurance.
Accident insurance stands as a beacon of security for their employees, offering a comprehensive
safety net in the unfortunate event of injury or even loss of life resulting from accidents
transpiring within the company premises. It protects against the uncertainties that may arise
during the course of work at the facility.
This meticulously crafted insurance policy extends beyond mere financial compensation; it
encompasses a holistic approach towards safeguarding the health and welfare of their workforce.
Encompassing coverage for medical treatments, rehabilitation, accidental death benefits, and
disability support, it provides a reassuring layer of protection, offering peace of mind to their
employees and their families during challenging times.
They also have strategically placed fire extinguishers throughout their facilities, ready to combat
any fire emergencies promptly. This proactive approach not only aligns with regulatory
standards but, more importantly, underscores their unwavering dedication to prioritizing the
safety and the well-being of their employees.
In essence, their accident insurance policy, coupled with robust safety measures such as fire
extinguisher installations, underscores their steadfast commitment to fostering a workplace
culture that values and prioritizes the health, safety, and security of their most valuable asset
their employees.
50
PROMOTION/TRANSFER RULES
Aim Technologies promote their employees by monitoring their work and overall performance
in the company and their behavior in the facility and at the workplace. They also hike their
pay/wages depending on their work/performance.
They also promote the employees at higher posts upon their work experience and performance of
the employee throughout their overall elapsed working time in the company. And promoting
them to other posts also increases their salaries.
Transfer rules are also defined by the HR as if any worker isn’t suitable at the department
provided to them, that specific worker or group is then transferred to a different department
within the company according to their suitability with the work provided to them. And it is done
considering the worker`s acceptance to their new work.
They uphold a culture of employee recognition and advancement through meticulous

performance evaluation and promotion protocols. They conduct thorough assessments,
considering work performance, conduct, and workplace interactions, rewarding outstanding
achievements with salary increments and wage adjustments.
PERFORMANCE APPRAISAL
Aim Technologies believes in rewarding hard work and dedication. That's why they offer
various monetary benefits to their employees. This includes bonuses based on performance,
commissions for sales and marketing efforts, and thoughtful gifts during festive seasons like
Diwali.
They also give out achievement awards to recognize outstanding contributions. Additionally,
they ensure fair compensation for overtime work. These benefits not only show appreciation but
also motivate their team to increase their performance at work. At Aim Technologies, they
prioritize the well-being and satisfaction of their employees.
These comprehensive monetary benefits not only serve as expressions of gratitude but also act as
powerful motivators, inspiring continued excellence and dedication among their valued
workforce.
SPECIFIC HR POLICIES
HR policies refers to a set of guidelines, rules, and procedures established by an organization to

govern the management of its human resources which helps them in establishing a better
workplace throughout the organization.
51
Aim Technologies also prepares and provides their own HR policies according to their human in
the organization which can be further classified into :-
 Code of Conduct
They have established guidelines for employee behavior, professionalism, and ethical
practices within the organization. They also overlook acceptable conduct, conflict of
interest policies, and procedures for reporting unethical behavior.
 Leave and Attendance Policies

They have defined various types of leaves, including annual leave, sick leave,
maternity/paternity leave, casual leaves and public holidays, as per statutory
requirements. And have established procedures for requesting and granting leaves,
maintaining attendance records, and addressing leave-related queries.
 Performance Management and Appraisal Policies

They have a defined performance management process, including goal-setting,
performance evaluation, feedback, and development plans. And they have also provided
performance appraisal policies within the organization.
 Employee Health and Safety Policies

They ensure compliance with the Occupational Safety and Health Act and relevant
regulations by applying an accident insurance. Establishing guidelines for workplace
safety, accident reporting, emergency procedures, and measures to promote employee
well-being.
 Data Security Policies

They have defined guidelines for the appropriate use of company data resources,
including internet access, email, product/plant design and software usage. They ensure
data security and confidentiality by outlining protocols for data protection, information
sharing, and data privacy compliance. And they have also installed CCTV cameras all
over the premises.
WAGES/SALARY ADMINISTRATION
AIM Technologies utilizes the convenience and security of RTGS (Real Time Gross Settlement)
to pay the salaries of their employees, they ensure that their employees receive their
compensation promptly and reliably every month. The allocation of salaries and wages is
determined by various factors, including employees' positions within the company hierarchy and
their individual performance.
52
AIM Technologies salary administration process is classified below :-
 Job Evaluation: They begin by conducting thorough job evaluations to determine the
relative worth of each position within the organization. This involves assessing factors such
as job responsibilities, qualifications, skills required, and market demand.
 Salary Structure: Based on the job evaluations, They establish a comprehensive salary
structure that outlines the salary ranges for different positions within the company. These
salary ranges are designed to ensure competitive compensation that attracts and retains top
talent.
 Performance Evaluation: They believe in recognizing and rewarding excellence. Therefore,
They conduct regular performance evaluations to assess employee performance against
predetermined goals and objectives. Performance evaluations serve as a basis for merit-based
salary adjustments, bonuses, and promotions.
 Salary Reviews: Occasionally, they review and adjust salaries to remain competitive in the
market and align with industry standards. These reviews take into account factors such as
inflation, changes in the job market, and the company's financial performance.
Overall, their salary administration process is designed to attract, retain, and motivate a talented
workforce while ensuring fairness and equity across the organization. By aligning compensation
with performance and market standards, they strive to create a supportive and rewarding work
environment at AIM Technologies.
GRIEVANCE HANDLING
AIM Technologies prioritizes a supportive and positive workplace culture through Team
collaboration, Open communication, Employee well-being, Professional development,
Recognition and Rewards diversity, these efforts create an environment where employees feel
valued, motivated, and empowered to thrive. And they also provide friendly environment
between the employees and the officials of the company.
AIM Technologies believes in motivating their employees by providing various incentives and
opportunities for growth. This includes :-
 Bonuses: They offer performance-based bonuses to recognize and reward exceptional
contributions by their employees.
 Exhibition Trips: They organize trips to industry exhibitions and events, providing
employees with valuable networking opportunities and exposure to the latest trends and
innovations in their field.
53
 Tours: They arrange tours to visit other companies or facilities within their industry,
allowing employees to gain insights into different business practices and processes.
By offering these incentives and experiences, they aim to inspire their employees to be more
productive, engaged, and invested in the success of their company.
EMPLOYEE FEEDBACK MECHANISM
AIM Technologies, listens to their employees continuously improving their workplace

environment. And they also use employee satisfaction feedback system in which the employess
can submit their issues and changes which are required at the workplace. They regularly collect
feedback from their team members on various aspects, including:-
 Workplace Environment: They solicit feedback on the overall atmosphere, culture, and
amenities of their workplace to ensure it remains supportive, inclusive, and conducive to
productivity.
 Performances: They gather input on individual and team performance to identify strengths,
areas for improvement, and opportunities for professional development.
By collecting and acting upon employee feedback, they strive to create a positive and engaging
work environment where their team members can thrive and contribute their best. This feedback
loop allows them to identify areas of strength and improvement in their work environment while
also recognizing and addressing individual and team accomplishments.
54
Ch-6 : Purchase Department
PURCHASE PROCEDURE
Aim Technologies also follows a typical purchasing procedure for their raw materials, and other
equipments but their purchasing period, quantity and other factors of purchase depends on the
received order and production requirements.
After, the order has been received by the customer the production head contacts their suppliers to
place a purchasing order of raw materials, and other equipments. The procedure can be further
classified into :-
 Searching: They start by searching the materials they want to purchase. They look at
different options, compare prices, features, and read reviews to make an informed
decision. Although, they have contacts of their suppliers and they only search for the
materials when their existing suppliers can`t deliver the requirement materials ordered by
the company.
 Choose a Seller: Once they've decided what to buy, they choose a seller. They do have
existing suppliers in their contacts.
 Place Their Order: If they're buying online, add the item to their cart and proceed to
checkout. If they're buying in person, go to the store and find the item they want to
purchase.
 Payment: Provide payment information to complete their purchase. This could be

through credit/debit card, online payment platforms like PayPal, or other methods
depending on the seller.
 Shipping/ Delivery: If they're buying online, they'll need to provide a shipping address
for the item to be delivered to. If they're buying in person, they may take the item with
they or arrange for delivery if applicable.
 Confirmation: After placing their order and completing payment, they should receive a
confirmation email or notification with details of their purchase.
 Receive the Item: Once the item is shipped or ready for pickup, they'll receive it
according to the delivery method chosen.
55
 Review and Feedback: After receiving the item, they may want to leave a review or
provide feedback about their purchase experience, which can help other potential buyers.
Remember to keep track of their purchase details, including receipts and order confirmation
emails, in case they need to refer back to them later.
PURCHASING LEAD TIME
Purchasing lead time is the interval between when the decision is made to acquire goods and
when the goods are received. Aim Technologies purchasing lead time depends on the
accessibility of supplier and the location of the supplier if the supplier is in locality the lead time
will be short but if the supplier is not in the locality the lead time will be long. Here's a
breakdown of how they impact it:-
 Local Supplier: When your supplier is nearby, lead time is typically shorter. This is
because transportation takes less time, reducing the overall wait.
 Non-Local Supplier: When your supplier is farther away, lead time increases. Factors
like distance, customs clearance (for international suppliers), and chosen shipping method
all contribute to a longer wait.
There's more to lead time than just location though. Other factors that can influence it include:
 Product Complexity: Complex products requiring assembly or special materials often

have longer lead times.
 Order Quantity: Larger orders might take longer for the supplier to fulfill.
 Supplier Capacity: If a supplier is overloaded with orders, your order fulfillment might
be delayed.
By understanding these factors and working closely with their network of suppliers, AIM
Technologies ensures optimal purchasing lead time. This allows their engineers and designers to
focus on what they do best – creating the future! So, the next time you place an order at AIM,
rest assured that their team is conducting a well-orchestrated symphony behind the scenes to
deliver the supplies you need, when you need them.
56
ORDERING & CARRYING COSTS
Ordering costs refer to the expenses incurred each time an order is placed for inventory or
supplies. This includes administrative costs, transportation costs, and any other expenses related
to ordering. Carrying costs, on the other hand, are the expenses associated with holding
inventory over a period of time.
The ordering and carrying costs for Aim Technologies, the dynamics of these expenses are
intertwined with two critical factors: the location of the supplier and the prevailing market rates
of the raw materials and equipment required. This factors can be furthermore classified as:-
The Location Of The Supplier

The distance between Aim Technologies and its suppliers can significantly impact transportation
expenses. Longer distances generally entail higher shipping costs, potentially escalating the
overall expenditure incurred in procuring inventory items. Moreover, lead times can vary based
on the supplier's location. Longer lead times may necessitate holding higher levels of safety
stock to mitigate the risk of stockouts, thereby influencing carrying costs. Additionally, if
suppliers are located in different countries, currency exchange rates can introduce another layer
of complexity, affecting the final cost of goods purchased.
The Market Rates

The rates of raw materials and equipment directly influence both ordering and carrying costs.
Fluctuations in these rates can have profound implications for inventory management. For
instance, if the market prices of essential raw materials experience an upward trend, the cost of
replenishing inventory will increase, elevating ordering costs. Conversely, a decrease in market
rates may present cost-saving opportunities. However, it's essential to consider the impact of
market volatility on carrying costs as well. Holding excess inventory during periods of price
escalation could lead to higher storage expenses, while holding insufficient inventory may result
in missed sales opportunities or expedited shipping costs to fulfill orders promptly.
NO. OF SUPPLIERS
Aim Technologies have contacts with approximately 300 suppliers providing with a diversified
network to source the necessary raw materials and equipment. This extensive supplier base offers
several advantages, including flexibility, redundancy, and potential cost savings.
However, managing relationships with 300 suppliers also poses challenges, such as coordination,
communication, and vendor performance monitoring. Aim Technologies must invest in robust
supplier management practices, including supplier segmentation, performance evaluations, and
regular communication channels, to ensure alignment with its strategic objectives and quality
standards.
57
Aim Technologies also uses indiamart's website to contact and reach out new suppliers which
helps them in selecting better alternatives of the suppliers. Using Indiamart to reach out to new
suppliers is a smart move for Aim Technologies. It broadens their options and helps them find
better alternatives, ultimately enhancing their supplier selection process.
RAW MATERIALS ORDERED
 SS(Stainless Steel) :- It is an alloy of iron that is resistant to rusting and corrosion. It

contains iron with chromium and other elements such as molybdenum, carbon, nickel and
nitrogen depending on its specific use and cost. Stainless steel's resistance to corrosion
results from the 10.5%, or more, chromium content which forms a passive film that can
protect the material and self-heal in the presence of oxygen.
 MS(Mild Steel) :- It is a ferrous metal made from iron and carbon. It is a low-priced
material with properties that are suitable for most general engineering applications. Low
carbon mild steel has good magnetic properties due to its high iron content, it is therefore
defined as being ‘ferromagnetic’.
 Aluminium :- It is a silvery-white metal, the 13 element in the periodic table. One

surprising fact about aluminium is that it's the most widespread metal on Earth, making
up more than 8% of the Earth's core mass. It's also the third most common chemical
element on their planet after oxygen and silicon.
 PLC , HMI :- A Programmable Logic Controller, or PLC, is a ruggedized computer used

for industrial automation. These controllers can automate a specific process, machine
function, or even an entire production line. The PLC receives information from connected
sensors or input devices, processes the data, and triggers outputs based on pre-
programmed parameters. Human Machine Interface, often known by the acronym HMI,
refers to a dashboard or screen used to control machinery. Line operators, managers and
supervisors in industry rely on HMIs to translate complex data into useful information.
 Miniature Conveyor :- Miniature conveyors are conveyors built as small as they come.
Despite their space-saving sizes, however, Dorner’s miniature conveyors also known as
mini conveyors, mini conveyor belts, mini belt conveyors and other similar names are
designed to move small parts and lightweight product safely and efficiently.
 Start Stop/Emergency Button :- A Push Button switch is a type of switch which

consists of a simple electric mechanism or air switch mechanism to turn something on or
off. An emergency stop button, also known as an E-Stop, is a fail-safe control switch that
provides safety both for the machinery and for the person using the machinery. The
purpose of the emergency push button is to stop the machinery quickly when there is a
risk of injury or the workflow requires stopping.
58
 Sensors :- A sensor is a device that produces an output signal for the purpose of detecting
a physical phenomenon. A sensor is a device, module, machine, or subsystem that detects
events or changes in its environment and sends the information to other electronics,
frequently a computer processor.
 Wires :- A wire is a flexible, round, bar of metal. Wire is commonly formed by drawing
the metal through a hole in a die or draw plate. Wire gauges come in various standard
sizes, as expressed in terms of a gauge number or cross-sectional area.
 MCB`s :- An MCB is an automatically operated electrical switch. Miniature circuit

breakers are intended to prevent damage to an electrical circuit as a result of excess
current. They are designed to trip during an overload or short circuit to protect against
electrical faults and equipment failure.
 Induction Motor :- An induction motor or asynchronous motor is an AC electric motor

in which the electric current in the rotor that produces torque is obtained by
electromagnetic induction from the magnetic field of the stator winding. An induction
motor therefore needs no electrical connections to the rotor. An induction motor's rotor
can be either wound type or squirrel-cage type.
 Rubber Roll/Rubber Bolt :- A rubber bolt is a removable rivet nut made of two parts. A
flanged rubber portion made of EPDM Neoprene and a brass insert nut. Well nuts only
require one side of the hole to be exposed so they can be used for blind fastenings.
 Brush :- The Industrial Brushes are some of the most surprising components of industrial
processes, due to their diversity of services and applications, and even today, the majority
of professionals in the industrial sector are unaware of them.
 Servo Motor :- A servomotor is a rotary or linear actuator that allows for precise control
of angular or linear position, velocity, and acceleration in a mechanical system. It
constitutes part of a servomechanism, and consists of a suitable motor coupled to a sensor
for position feedback and a controller.
 Screws/ Nuts & Bolts :- A nut is a component that fits over the end of a bolt and helps it
hold objects in place. A bolt is a non-tapered fastener that uses a washer and nut to hold
objects together. A screw is a tapered fastener that mates with an existing thread or
creates its own thread in a material as it turns.
RE-ORDERING TIME
Aim Tecghnologies re-ordering time mostly depends on the order received by the customers or
it depends on pre-building few machines/products depending upon the requirements and the
tasks carried out in the production department.
Reorder time is measured when a order is received as they produce job shop production they
don't need to maintain reordering level, they only reorder when they a confirm an order and they
also maintain a safety stock for emergency or little deadline orders.
59
60
Ch-7 : Safety Department
NO. OF FIRE EXTINGUISHERS
AIM Technologies proudly maintains a arsenal of 12

medium-sized fire extinguishers, meticulously filled and
primed at all times to serve as a vital line of defense
against potential hazards.
These fire extinguishers stand as stalwart guardians,

strategically positioned throughout their facilities,
ready to spring into action at a moment's notice should
the need arise. Each extinguisher is meticulously
maintained, undergoing regular inspections and refills
to guarantee optimal performance in the event of an
emergency.
SAFETY EQUIPMENTS PROVIDED TO WORKERS

AIM Technologies proudly provides a comprehensive suite of safety equipment to their
workforce, ensuring that each individual is equipped to navigate their tasks with confidence and
peace of mind. From sturdy helmets that shield against potential head injuries to durable gloves
that offer protection from hazards, and robust boots that provide stability and support, every
piece of safety gear is meticulously selected to meet the highest standards of quality and
reliability. The equipments provided to the workers can be furthermore classified into :-
 Safety Helmets :- It is a form of protective headgear worn to

shield the head from injuries such as impact from falling objects,
collisions, or protection against certain environmental conditions.
It is a type of personal protective equipment (PPE) designed to
safeguard the wearer’s head, one of the body’s most vulnerable
parts to injuries. Safety helmets are typically made from hard,
impact-resistant materials like plastic or fiber glass and often
have a padded interior for comfort and additional protection.
 Safety Gloves :- These are hand garments meant for the protection
of the wrist, hand, fingers, and thumbs from adverse processes or
conditions. These items are virtually limitless in application and
find employment in both industrial and commercial marketplaces.
Their functionality is determined by the material and design of the
glove.
61
 Safety Gum Boots :- They are protective footwears which helps
protecting feet against hazards in the workplace by providing
appropriate safety boots is key to keeping workers safe. The safety
footwear you choose for your employees should meet legal
standards and be appropriate for the task, the individual and the
environment in which they are working. It also provides protection
from electric accidents which can occur at the production layout.
WORKMEN’S COMPENSATION POLICY
AIM Technologies, safeguarding their workforce extends beyond the provision of safety
equipment , it encompasses comprehensive support systems designed to protect and empower their
employees. As part of their unwavering commitment to their well-being, AIM Technologies
proudly offers a workmen compensation policy to provide financial security and peace of mind to
their valued team members.
This policy serves as a safety net, offering coverage for work-related injuries or illnesses that may
occur during the course of employment. From medical expenses to rehabilitation costs and even lost
wages, their workmen compensation policy ensures that their employees are supported and cared
for in the event of unforeseen circumstances.
But their commitment doesn't end with the mere provision of insurance coverage; it's a reflection of
their dedication to fostering a culture of accountability and support. Through transparent
communication, accessible resources, and a proactive approach to risk management, they strive to
create an environment where every team member feels valued, respected, and protected.
At AIM Technologies, their workmen compensation policy isn't just a formality—it's a cornerstone
of their commitment to excellence and a testament to their belief that their employees are their most
valuable asset. By providing comprehensive support and protection, they empower their workforce
to thrive, ensuring that they can perform their duties with confidence and peace of mind, knowing
that they're supported every step of the way.
62
LIST OF GENERAL INSURANCE POLICIES
AIM Technologies proudly invests in various general insurance policies, including fire
insurance and transportation insurance, to protect against unforeseen events and ensure
continuity of operations. They have overlooked these kind of unforeseen events and have taken
fire insurance to protect their raw materials, equipments, and products stored in their warehouse
and production plant. And they also insure to take transportation insurance policies every time
whenever they transport raw materials and products to ensure the safety of the product being
transported.
1. Fire Insurance stands against the unpredictable forces of nature, offering coverage for
potential losses or damages caused by fire-related incidents. Whether it's safeguarding their
state-of-the-art equipment, protecting vital infrastructure, or preserving invaluable
intellectual property, their fire insurance policy provides peace of mind, allowing us to focus
on pushing the boundaries of technological advancement without fear of disruption.
2. Similarly, Transportation Insurance serves as a vital component of their risk management

strategy, offering protection for goods and equipment in transit. From ensuring the safe
delivery of critical components to safeguarding against potential losses or damages during
transportation, their transportation insurance policy provides comprehensive coverage,
allowing us to navigate the complexities of supply chain logistics with confidence and
resilience.
At AIM Technologies, their investment in general insurance policies like fire insurance and
transportation insurance isn't just a precaution it's a strategic imperative that reflects their
unwavering commitment to excellence, resilience, and innovation.
63
BIBLIOGRAPHY
URLs :
 https://www.wikipedia.org/
CH-1 : GENERAL INFORMATION
 https://aimtechindia.in/index.php
 https://aimtechindia.in/about-us.php
 Aim Technologies Brochure
CH-2 : PRODUCTION DEPARTMENT
 https://aimtechindia.in/products.php
CH-3 : MARKETING DEPARTMENT
 https://aimtechindia.in/products.php
 https://aimtechindia.in/clients.php
 https://dir.indiamart.com/.html
 https://www.facebook.com/Aimtechindia/
 https://www.linkedin.com/company/aim-technologies-in/
 https://www.instagram.com/aim_technologies/
 https://www.youtube.com/@RaviPatelaim
Books :
 Academic books of semester 3 – 4

 Operations Management - By Joseph Monks, McGraw-Hill
 Kotler, P. & Keller, K. L., Marketing Management, Pearson
 Human Resource Management by K. Ashwathappa (Tata McGraw Hill)
64

Aim Technologies Full SIP

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Aim Technologies Full SIP

Uploaded by

Copyright:

Available Formats

A

Summer Training Report

For the purpose of partial requirement

JHA UJJWAL (Roll No :- 30)

Under The Guidance Of:

DR. SAGAR GAUR

SDJ International College, Palsana, Surat

Veer Narmad South Gujarat University, Surat

Contact : +91 99786 59013

Roll Name Of The Students SPID Signature

30 Jha Ujjwal 2022056363

45 Ojha Yogita 2022056383

28 Jena Snehasisa 2022056361

As a part of curriculum, we have undergone internship in AIM TECHNOLOGIES for four

SR. CHAPTER NAME PAGE NO.

5 Human Resource/Personnel Department 43

Brief History & Year Of Establishment

Aim Technologies established in 2011 is a leading manufacturer and exporter of Machineries

Founder & Directors

Mr. Ravi Vadodariya (Director & Founder)

Other Specific Details

Plant Layout & Description

Fixed Position Layout (It involves the movement of men and

INTERMITTENT PRODUCTION SYSTEM (In this production

JOB SHOP PRODUCTION (Aim Technologies manufactures one

Source from aimtechindia.in

Aim Technologies is a well-known manufacturer and

The Automatic Double Side Labeling Machine Model

They are an established exporter and manufacturer of

 Customized Labeling Machine

Source from aimtechindia.in

 BOPP Labeling Machine :- A BOPP labeling machine is designed to automatically apply

Source from aimtechindia.in

Their Bopp labeling machine is available in a range of configurations and is regularly

Source from aimtechindia.in

 Semi Automatic Shrink Wrapping Machine

 60 BPM Automatic Shrink Wrapping Machine

Source from aimtechindia.in

Source from aimtechindia.in

 120 BPM Automatic Shrink Wrapping Machine

 Beverages Filling Machines :- A filling machine is a type of industrial machinery used to

 40 BPM Water Filling Machine

Source from aimtechindia.in

 60 BPM Water Filling Machine

Source from aimtechindia.in

Source from aimtechindia.in

 120 BPM Water Filling Machine

Source from aimtechindia.in

Source from aimtechindia.in

 Carbonated Soft Drink Filling Machine

Carbonated soft drink/water/beverage filling machine is specially built for small to

Source from aimtechindia.in

 Linear Filling Machine

Source from aimtechindia.in

 Volumetric Filling Machine

Source from aimtechindia.in

 Semi Automatic PET Blow Moulding Machine

 2 KVT Automatic Pet Blowing Machine

Source from aimtechindia.in

 3 KVT Pet Blowing Machine

Source from aimtechindia.in

Source from aimtechindia.in

Source from aimtechindia.in

Material Handling Equipments Used