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    A

    INDUSTRIAL VISIT REPORT

    OF

    SAMAY ELECTRONICS PVT. LTD.

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    Sr.

    No. PARTICULARS PAGE

    NO.

    1. GENERAL INFORMANTION

    2. PRODUCTION DEPARTMENT

    3. PERSONNEL DEPARTMENT

    4. MARKETING DEPARTMENT

    5. FINANCE DEPARTMENT

    6. SWOT ANALYSIS

    7. FUTURE PLANE

    8. SUGGESTION

    9. CONCLUSION

    10. BIBLIOGRAPHY

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    Sr.

    No.PARTICULAR PAGE

    NO.

    1. INTRODUCTION

    2. ORGANISATION STRUCTURE

    3. FROM OF THE ORGANISATION

    4. LOCATION JUSTIFICATION

    INTRODUCTION

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    The company has commenced production from 1st oct. 1998

    (vidyadasmi) with magnificent opening ceremony. The plant was

    inaugurated by chief minister of Gujarat. Shri keshubhai Patel in

    presence of eminent ministers & state men. The company has startedwith the production of 20,000 wall clocks & 10,000 time pieces per day.

    The company production was started with work force of most of

    them were female employees from nearest villages. Thus it has created

    an employment opportunities for rural women.

    ORGANISATION STRUCTURE

    Industries are classified according to their size of unit.

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    Those are three types of the industries.

    1. Small scale industries.

    2. Medium scale industries.

    3. Large scale industries.

    Firm that invests within 3 crores is called small scale industries.

    The firm which invest capital from 3 crores to 5 crores is called a

    medium scale industries while the firm which invest above 5 crores is a

    large scale industries.

    SAMAY ELECTRONICS PVT. LTD. is a large scale industriesbecause it invest above 5 crores RS/ in fixed assets.

    FROM OF THE ORGANISATION

    There are many type of the organization in our country. The main

    among them are the proprietorship, partnership, public ltd. company

    etc.

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    SAMAY is pvt. Ltd. company there is board of directors who manage

    whole company.

    LOCATION JUSTIFICATION

    Location is the main feature. It plays an important role in success

    and failure of a business or company. There are many factors, which

    affects the development of company.

    SAMAY ELECTRONICS PVT. LTD. is situated at Rajkot district in

    Morbi town on Rajkot Morbi highway. There are different advantages

    of location.

    Availability of raw materials

    Transport facility easily available

    Local labors available

    There are two different sources of power supply

    a. G.E.B.

    b. They are their own generators.

    The area covered by SAMAY ELECTRONICS PVT. LTD. 40

    crores.

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    No PARTICULAR Page

    No.

    1. INTRODUCTION

    2. ORGANISATION STRUCTURE

    3. RAW MATERIAL

    4. PRODUCTION PROCESS

    5. SCRAPE & WASTE MANAGEMENT

    6. STORE MANAGEMENT

    7. MACHINERY

    INTRODUCTION

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    Production refers to the volume, value or quantity of goods &

    services production in a given period by a worker, plant firm or

    economy. It is the sum total of the result achieved by the various factors

    used together. Therefore in other words, it could be said thatproduction is the process of transforming raw materials or purchased

    components in to finished products for sale.

    Production is a process by which goods & services in production

    the products comprise a very important part if the organization. It is in

    respects to the products that an industry/business can come in to the

    market & establish itself.

    ORGANISATION STRUCTURE

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    The organization structure plays an important role in the

    production process. It affects the whole company if there is any defect

    so the organizational structure effects. The production process it

    increase on decrease the profit of the company so it should be veryaccurate.

    At SEPL there is one supervision looking after 15 workers.

    The following is the organizational chart of the company.

    MANAGING DIRECTOR

    (Mr. DILIP PATEL)

    PRODUCTION MANAGER

    ASSISTANT MANAGER

    CHIEF ENGINEER

    TECHNICAL HEAD

    SUPERVISORS

    ( 1 SUPERVISOR FOR EVERY 15 WORKERS)

    WORKER

    RAW MATERIAL

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    Raw materials are the basic requirement for any of the

    manufacturing firm. These RMs are then converted in to finished

    goods by some processing.

    The raw materials required by SEPL & places from where they

    get them are given below. Most of the row materials are available in

    India & only few essential materials are bought from outside.

    The basic raw materials required are white & black

    movement base & pvc plastics powder which are brought

    from Rajasthan & Maharashtra

    Another requirement is of plastic granules which arepurchased from foreign companies like L.G. & Dupont.

    Color chemicals brought from Taiwan & local market

    Transistor & capacitor are brought from Taiwan & Japan.

    Glass is brought from hariyana, ankleshwar & Bihar.

    I.C. & Crystal are imposed from Japan & Taiwan.

    The speaker is also imported from Japan & Taiwan.

    Battery supplied with wall clocks & time pieces is

    purchased from novino-baroda.

    Copper wire is imported from Malaysia & packing box &

    crystal precision components are brought from Rajkot

    Morbi & ahemadabad.

    PRODUCTION PROCESS

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    SEPL is a manufacturing unit company manufacturing different

    type of electronics clock & time pieces. The brand name of both items is

    SAMAY industry have not all parts of the product but such parts and

    machinery are practice from outside of country.

    PRODUCTION PROCESS:

    1) DESIGNING: -

    Designing is the first step of to prepare the product. Based on

    information technicians prepare design. For new model.

    2)DYE MAKING: -

    This is the next step in production process. After the design of the

    new models to be launched is prepared by the designing department the

    dyes are prepared for all the designs. For this purpose, some process is

    made on HCSC material & the required shape is given to the metal &

    thus the dye is prepared.

    3) MOLDING: -

    Molding means conversion of RM in to some specific shape or

    MOULD. First o all the dye fitted in to various size of the mould.

    Then this mould is fitted in the Cincinnati Milacron machine. Different

    components such as gear, bobbin, needle & cabinet are manufactured

    in this machine.

    After the molding process, the unnecessary plastic is removed &

    this plastic is recycled & use again.

    4) CLEANING: -

    After the frame is obtaining it is taken for cleaning. This is done

    because during molding some dust particles remain on the frame

    Applying air pressure with the help of the compressor does

    cleaning of the frame. The female employees do the cleaning process.

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    5) FOILING: -

    After the frame is cleaned, it is taken to foiling section. On the

    foiling machine different colored foils such as golden, silver, black etc.

    are pressed on the borders of the frame in order to decorate it. Thenumbers in the wall-clock are also foiled here. The foil used by

    SAMAY is usually purchased form Taiwan & a few state of India.

    6) GLASS CUTTING: -

    In this stage first of all the glasses are cleaned with clean water.

    Then these glasses are cut according to the shape of the mould. The

    cutting is done completely on computerized machines. These glasses

    are then transferred to the assembling department.

    7) PRINTING: -

    In this section the decoration on the glass is done. Also the

    specification on the IC is printed here.

    8) QUALITY: -

    After the gear & other such minute parts are manufactured in

    the Cincinnati machine, they are taken to the quality control

    department. Here all the components are placed on the quality control

    machine & are checked thoroughly. If there is any defeat in any of the

    component, it is taken to the recycling machine & is converted back in

    to plastic granules & is used again.

    9) ASSEMBLING: -

    In this process all the different part, which was mould as well as

    imported are used & prepare complete product in assembling. Nowcomplete product comes out.

    10) CHECKING: -

    After the clock is assembled it is kept under a check for a few

    days. If any problem is found in the working of the clock then the

    trained technicians cure it. In this manner the quality of the clock is

    maintained.

    10) PACKING: -

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    After the checking process is over, all the faultless products are

    taken for packing of the product is done according to the quality &

    piece of the products. Products are packed in to different sized boxes.

    11) LABLING: -

    After the packing of the products is done the labels are put on the

    packs there are certain things which are assume on the label and it is

    regarding the type of wall-clock, model number, date of manufacture &

    price.

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    SCRAPE & WASTE MANAGEMENT

    Every company has out put of some amount of scrap & waste. So

    the company have to manage the scrap & the waste products are not

    affecting the environment on they are not creating pollution.

    In SAMAY the scrap & waste management is done property

    the scrap & waste which is coming out from the out put is refused is

    sent to the municipal Lorries. Thus the company manager the scrap &

    waste benign in view all the necessary factors.

    STORE MANAGEMENT

    Store management is second important component of physical

    distribution. In SAMAY when the product is ready it is sate in store

    room finally delivery at product to the channel and estimate stock

    storage also helps balance demand and supply and stabilize the price.

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    MACHINERY

    In order to produce a finished goods from the available RMs &

    machineries are required. Hand made production can be done, but in

    todays competitive world quick & large production is required which ispossibility only with the help of advanced machineries.

    At SEPL the plant is required with modern sophisticated & world

    famous machineries & modern computerized testing instruments & all

    machineries are foreign collaborated. The name of various machines at

    SEPL & their uses are given below:

    1. SHAPER MACHINE: -

    The machine is used to give shape to HCSC metal only square of

    various shapes of various sizes can be given through this machine.

    2. GRINDING MACHINE: -

    This machine helps in mirror grinding of HCSC metal. Due to

    this the metal surface becomes absolutely plain. There are two type

    of grinding machine as surface grinder & tool-grinder.

    3. MILLING MACHINE: -

    In this machine, the square shaped metal is given various shapes.

    Usually holes of different sizes are drilled through this machine. In

    milling machine all the shape of the dies are given by the experience

    workers. There are four milling machine there. It is three from

    Taiwan & one from the Jamnagar.

    4. ELECTRIC DEPTH CUTTING MACHINE: -

    This machine helps in the preparation of the dye. In this

    machine, copper material is put on the HCSC metal & then the

    temperature is increases so that the dye of the require shaped can be

    obtained.

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    CINCINNATI MILACRON MACHINE: -

    This is the latest machine & is fully computerized various

    component of the clock gear, bobbin & cabinet are manufacture inthis machine. Single machines are very important & costly & all of

    them are from Taiwan & in SEPL have 35 pieces of that machine.

    5. FOILING MACHINE: -

    This machine is used to foil the mould in order to decorate it &

    also to print no. on it. This machine is very important for decorate

    the clocks & time pieces because by decorating the product we can

    attract the customer & we provide the need of the customer.

    6. LATHE MACHINE: -

    This machine is imported from Nikon, Japan. This machine

    helps in maintaining the quality of the products by helping in

    eliminating even a little bit of defect in the various components.

    7. LATHE MACHINE: -

    Lathe machines are used to work side work as to make an ode of

    the EDM machine, pins of the dies of the cabinet or the press roller

    of the foiling machine so in SEPL lathe machines are used only

    small work purpose.

    8. PRINTING MACHINE: -

    There are two types of the printing machines as manual &

    automatic. All the machinery is from the Taiwan. Printing machines

    are used to print the glass in the different colors & different shape.

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    Sr.

    No PARTICULAR Page

    No.

    1. INTRODUCTION

    2. ORGANISATION STRUCTURE

    3. NO. OF EMPLOYEES

    4. WORKING HOURS & CAPITAL

    5. TRAINING

    6. W & S ADMINISTRATION

    7. PROMOTION & TRASFER

    8. PERFORMANCE & APPRISAL

    9. RECORD OF EMPLOYEES

    INTRODUCTION

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    Personnel management is planning, organizing, directing,

    staffing and controlling of the procurement development,

    compensation, integration, maintenance and separation of human

    resources to the end. Those individual organization and social

    objectives are accomplished.

    Personnel management is concerned with the human

    relationship in business organization. Human efforts are mass

    available by encouraging, training by providing necessary incentives to

    worker to develop the business unit.

    No. of employees working: -1500 (95 % female)

    Mind your men & men will mind everything

    ORGANISATION STRUCTURE

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    In order to solve the personnel problem efficiently and in a

    responsible manner.

    It has become necessary establish a separate personnel

    department in the organization, which shall be responsible for

    performing all the personnel function like efficiently, establishingsound and effective personnel policies, practices and programmer and

    unbiased decision in the interest of labor and of organization.

    Organization of personnel department in SAMAY can be seen

    through the following chart

    PERSONNEL MANAGER

    DIRECTOR

    DEPARTMENT MANAGER

    SUPERVISOR

    WORKERS

    NO. OF EMPLOYEES

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    SAMAY QUARTZ providing the employment to around 1500

    employees 95% of which are female employees. This has provided that

    the great working capacity of women. The above figure of employees is

    according to the year 2005, during the year 1998-99 the no. ofemployees were about 500 among that also 90% are female employees.

    WORKING HOUR SHIPS

    Time is money so the SAMAY believes in the very punctual

    and discipline in time keeping system.

    As SAMAY is clock manufacturing company (time measure) they

    are very alert in time keeping system. The working hour

    1. 07:30 am to 12:30 pm FIRST SHIT

    2. 12:00 pm to 12:30 pm LUNCH TIME

    3. 12:30 pm to 06:30 pm SECOND SHIT

    These shifts are common for both workers and officers. Here major

    of the workers is female and from villages area. After prayer, all theworker go to his or her department in each department first of all

    worker is taken by supervisor.

    TRAINING & DEVELOPMENT

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    In the training employee gets skilled, knowledge and ability. By

    training the employee becomes more effective and competitive.

    Therefore training is potential and vital necessary in the organization.

    When the new workers perform their work the experienced and

    qualified workers give them instruction and keep eye constantly on the

    performance of new worker, SAMAY has a team to provide guidance

    and training.

    After the training is over if the management is satisfied with this

    work, they become him permanent.

    WAGES & SALARY ADMINISTRATION

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    Wages is the remuneration paid for the service of labour in

    production. Wage usually refers to the hourly rate paid to such groups

    as production & maintenance employees. On the other hand salary

    normally refers to the weekly or monthly rate paid to clerical,administrative & professional employees.

    The wages structure is determined on the basis of the skills &

    abilities of an employee. The fundamental bases of wages payment are:

    1) payment by time worked

    2) payment for output

    SEPL prefers time wage system. If provide daily wages to theworker & monthly it official employees.

    If pays the wages according to the minimum wages act. Starting

    from Rs. 60 & rising up to Rs. 150 per day. The wages salaries are

    given on the 1st of every month. It also gives bonus to the workers on

    festivals such as diwali, along with the wages.

    In Samay the wages are paid according to the nature of work

    assigned to the workers. All the workers have to perform different types

    of the work some work like glass cutting furnishing due to which the

    shape of glass in changed etc. are very risky and involves the possibility

    of the frequent injury, so working in such department is rewarded

    accordingly.

    PROMOTION & APPRASIAL

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    PROMOTION:

    A promotion is an upward advancement of an employee in anorganization to another job, which commands better pay status &

    higher opportunities, responsibility, & authoritys better work

    environment & facilities & higher rank.

    In SAMAY there is no such special policy for promotion. But

    here a special gradation method is adopted, according to which the

    efficient workers can get higher grade & accordingly their pay scale is

    increased.

    APPRASIAL:

    Performance appraisal is a systematic evaluation of personnel

    by their supervisor or other who are familiar with their work

    performance.

    Performance appraisal helps in many important decisions, which

    directly affect the individual & the organization efficiency. It ensures

    that the right person is placed on that right job.

    At SEPL the performance appraisal is done on monthly basis by

    the supervisor. The supervisor keeps a watch on the workers under

    them & then prepares a note on every worker under their supervision.

    Then the supervisors give grades to the workers without any personal

    bias on than these goals are accumulated at the end of the year.

    On the basis of such performance appraisal an increased in the

    pay as well as the promotion prospects are decided. Usually anincrement of Rs. 100 is made in the salaries of the employees. Thus,

    because of this the employees are motivated to work better for the

    organization.

    RECORD OF EMPLOYEES

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    Records of employees are the record of up to date information

    about the present employees of the organization. It is a reliable source

    for the management to get information about employees at the time of

    decision making regarding promotion, increment in wages, transfer,retirement, etc. this information are kept in the computers.

    The basic information about personnel are:

    1. Name

    2. Fathers name

    3. Age

    4. Educational qualification

    5. Date of appointment6. Information about family

    Operating information:

    1. wages in the beginning

    2. increment in wages

    3. transfer/promotion

    4. departments name

    5. leave records6. performance appraisal record

    7. training & development

    8. behavior, belongingness, willingness at work

    9. regularity & sincerity

    10.remark

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    SR.NO. PARTICULAR

    1. INTRODUCTION

    2. ORGANISATION STRUCTURE

    3. SEGEMENTRATION

    4. MARKET RESEARCH

    5. PRODUCT& PRODUCT RELATED STRAIGIS

    6. PRISING POLICY

    7. PROMOTION POLICY

    8. CHHANELS OF DISTRIBUTION

    9. EXPORT

    10. COMPETITIOR

    11. INTERNATIONAL MARKETING

    INTRODUCTION

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    Market is place where the transaction of buying and selling takes

    place. In this place producers sell their product and consumers

    purchase the purchase the products and satisfy their needs and wants.

    Market is very narrow term compared to marketing. In

    marketing all the activities i.e. form getting the idea and making

    product available to consumer is covers.

    SEPL working throughout world in India they are having 135

    wholesale and 20,000 retail dealers through market share in India

    around is 45%.

    ORGANISATION CONTROL

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    In SAMAY ELECTRONICS PVT. LTD. marketing

    department is there and all marketing functions are handled by

    marketing department.

    MARKETING MANAGER

    DIRECTOR

    DISTRUBUTION

    CUSTOMERS

    SAMAY has opened its own sales department in market for sales.

    In the metropolitan cities like Hyderabad, Bombay, Calcutta and Delhi

    the product of Samay is sold by dealers. They all are centralized under

    marketing department and also marketing department contents to know

    the market position. The product of Samay is sold all over in India only

    through dealers.

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    SEGMENTATION

    Market segmentation is the grouping of customers according to

    such characteristics as income age, education, geographical location orarea.

    SAMAY has segmented the market on the geographical basis i.e.

    it has divided the market in to different geographical units such as

    nations regions, states, cities, etc.

    Bases of geographical segmentation are:

    1. Rural2. Urban

    SAMAY has segmented the market according to urban & rural

    area. Its main concentration is on rural market as 60% to the

    population of India is rural.

    Its main consists of villages of India.

    MARKET RESEARCH

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    Marketing research is concerned with the scientific collection

    analysis & interpretation of facts relating to the market of goods &

    services.

    There are mainly three methods of marketing research as follow:

    1. observation method

    2. experimental method

    3. survey method

    SEPL prefers survey method, where they want to launch a new

    model; they conduct a market survey to know the tastes & preferences

    of the consumers & also to kind out which design is currently popularin the market.

    The co. also monthly report from the entire authorized sales

    department regarding the sales of the models. So by this, the company

    gets in idea about which models. So by this, the company gets in idea

    about which model to be produced more & which model produced less.

    PRODUCTION & PRODUCT RELATED

    STRAIGIES

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    Product means finished goods, which are for sale. Therefore

    product is compete finished goods. SAMAY is producing following

    products.

    Clocks Time pieces

    Telephones

    Calculators

    Home applications

    Product planning is based on two factors 1- market environment 2-

    management policy. Both affect the companys suppliers, customers

    competitors, public physical, technology political, legal and social

    cultural forces keeping in mind all these aspects of the marketingenvironment and policy etc. the management takes the important

    decisions.

    PRICING POLICY

    According to economists, pricing is the exchange value of aproduct

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    At SEPL the prices are fixed on the basis of cost plus method &

    going rate method, under cost plus method, cost of the product is

    considered & under going rate method the prices & demand of the

    competitors products are considered.

    One of the most important attributes of the pricing policy of the

    SAMAY is the stability of price. The price of wall-clocks & time pieces

    are quit stable in nature & do not keep changing frequently.

    Components of the price of SAMAY wall clocks.

    1. 5% Advertisement expenses

    2. 5% Administrative expenses3. 30 % sales tax & Conroy

    4. 40% to 45% cost of product, raw material

    5. 15% to 20% profit margin

    PROMOTION MIX / ADV

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    All those activities done by the co. that helps to increase the sale

    of the company can be called sales promotion activities.

    These are two types of sales promotion.

    1. At consumer level

    2. At dealer level

    SAMAY does not prefer sales promotion at consumer level. They

    believe that their prices are so low & the quality is so good that the

    consumers do not need any extra incentives to purchase their products.

    SAMAY entertains sales promotion a dealer level. They offer

    gifts, discounts.

    CHHANLE OF DISTRIBUTION

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    Channel of distribution are considered to be the most important

    element among all the elements of marketing mix. The main function

    of this element is to find out appropriate ways through goods are to be

    made available to the markets. Channel of distribution may be definedas the means through which thing move from the producers or

    manufactures to the ultimate consumer of industrial users. Distribution

    channels create time & place utilities.

    SAMAYS channel of distribution:

    COMPANY

    DISTRIBUTION

    DEALERS

    CUSTOMERS

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    SAMAY has widely speared distribution channel in India consisting of

    135 authorized sales depots & services centers over 26,000 dealers. The

    no. o authorized sales depots & service centers in various states are as

    under.

    Maharashtra & Goa

    North zone

    Uttar Pradesh

    Assam & north east

    Gujarat

    West Bengal

    Madhya Pradesh

    Andhra Pradesh

    Gujarat West Bengal

    Madhya Pradesh

    Andhra Pradesh

    Kerala

    Tamil nadu

    Bihar

    Karnataka

    Orrisa

    Mode of transport

    SEPL distribution its products all over the India through

    roadways, as it is a cheap & easily available means transport.

    In case of distribution of product to other countries. SAMAY

    prefers waterways as a mode of transport.

    EXPORT

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    SAMAY is well known name not only in India market but in the

    global market precision in implementation of the factory infrastructure,

    plant & machinery & setting up of marketing network. Its aim was to

    combine with the top class professional competency & practical ability

    to take on any situation on its stride. The manufacture watches for the year 2000 was 30,000 quartz clocks per second, which they have

    achieved successfully & in year 2001 they reached their target up to

    40,000 quartz clocks per second. By now, the coverage of SEPL has

    crossed the level 30% of its total production spread over more than 60

    countries. Its scintillating performance can be gauged from the fact

    that if exported clocks/time pieces in ten 40 feet high cube containers in

    a single day.

    COMPETITIOR

    Now a day we would found the competition every where. In

    clocks, there is also competition. SAMAY has many competitors like

    Ajanta, Orpat, Titan & more company.

    INTERNATIONAL MARKETING

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    The demand of the companys products is very much in India as

    well as in foreign countries. There fore it exports its products in many

    foreign countries. SAMAY exports its products in more than 60

    countries like Singapore, Australia, Iran, south Africa, Russia,

    Zimbabwe etc. SAMAY export 30% of its total production.

    Now a day SAMAY is the largest clock manufacture and the

    people of foreign countries are more attracted toward its products.

    Companys sales in different years are as follows:

    a. 1999-2000.28 crores (approx)

    b. 2000-2001.48 crores (approx)c. 2001-2002.50 crores(approx)

    d. 2002-2003.60 crores(approx)

    e. 2003-2004.70 crores(approx)

    f. 2004-2005.100 crores (approx)

    g. 2005-2006.....125 crores(approx)

    PLACE

    SAMAY sales its product in all over India.

    It has segmented market on the basis of geography because there

    are many producers in India who are producing well clocks with music

    and Samay produces.

    Companys market is at national level as well as international

    level e.g. Bombay, Delhi, Calcutta, Australia, U.A.E., Bangladesh,

    Russia etc.

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    Sr.

    No.

    PARTICULAR

    PAGE

    NO.

    1. INTRODUCTION

    2. ORGANISATION STRUCTURE

    3. FINANCIAL PLANNING

    4. CAPITALIZATION

    5. CAPITAL STRUCTURE

    6. W/C MANAGEMENT

    7. RECEIVABLE MANAGEMENT

    8. CASH

    9. PROFIT & PROFITABILITY

    INTRODUCTION

    Finance is the blood of business. Every organization requires

    finance for setting up industries, it is running and working for the day

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    to day activities, for its expansion, development, for achieving its

    objective when objectives can be achieved successfully it gives the

    perfect pictures of better functioning of an organization therefore it is

    said that finance department is the mirror of an company.

    The department also makes forecasting of finance required in

    future and also decides finance which will be required for future

    expansions, decides fix and working capital to be kept in future.

    According to henry ford money is an arm or either use in

    or lose it

    Loan :

    Banker: state bank of Saurashtra

    ORGANISATION STRUCTURE

    Finance is the part & parcel of business. It is base for startingany business activities, but finance is scare resource. So management

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    of finance becomes essential. A part from this financial decision have

    got vital importance in any firm. So it also proves it essential to setup

    management system. For sound management efficient organization is

    precondition where all the financial are performed in scientific &

    systematic way.

    CHIEF EXCUTIVE

    (Mr. MANUBHAI V. PATEL)

    HEAD OF DEPARTMENT

    ACCOUNT

    CASHIER

    FINANCIAL PLANNING

    Financial planning is a pre-requisite for the smooth functioning

    of finance department and for the purpose of growth and expansion of

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    business activities. The financial plan represents blue print of what a

    firm purposes to do in the future. There are two types of financial

    plans:

    1. long term financial planning2. short term financial planning

    The term long term financial planning is formulated for the

    expansion of business for starting new unit. For developing new

    products, for modernization of the unit & for the purpose of sales of

    fixed rate.

    The short term financial planning is formulated for the smooth

    functioning of the day to day business operations. For the payment ofmiscellaneous expenditure like salary, wage etc. expanses or looses,

    also for meeting unexpected expanses or looses.

    CAPITALIZATION

    SAMAY ELECTRONIC PVT. LTD. had 35 crores as initial

    capital and now it has about 70 crores total investment and companys

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    turnover is 60 crores (approx) right now, company has borrowed the

    money through loan from state bank of Saurashtra and they also paid

    interest on the loan.

    Capitalization means the total amount raised where as capitalstructure-regrets and show that how much amount is collected through

    which securities i.e. debt funds/equity funds.

    CAPITAL STRUCTURE

    Capital structure represents the mix of different sources of long-

    term funds in the total capitalization of the company.

    Capital structure is the permant financing of the company

    represented primary by the long tern debt and shareholders fund but it

    excludes the short term credits. A firm should try to maintain on

    optimum capital structure which maximum the value of a companys

    share in the market.

    RECEIVABLE MANAGEMENT

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    Credit sale has become common today because of increasing

    competition it serves as teal for increasing sales of the company.

    SAMAY sells its products to authorized dealers & also provides

    them facility of credit in some circumstances which makes entry ofreceivable management comes in to existence. In case of SAMAY the

    concern gets timely debtors and the firm is good and management of

    receivable is proper.

    CASH

    Cash management deals with managing the cash flows of the

    organization most of the business organization determine the level of

    cash which is to be kept in the business.

    But so far as SAMAY is concerned it doesnt determine the level

    of management.

    PROFIT & PROFITABILITY

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    This company is earning profit. Now companys total turnover is

    60 crores (approx) and the net profit of the company is 5.24 crores

    (approx). The reason behind it is that they are produces of quality and

    standard goods and they have monopoly over market.

    SWOT ANLYSIS

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    STRENGTHS

    1. complete product range of wall clocks & table clocks

    2. A highly sophisticated plant.

    3. A new electronics product range will be manufactured

    in nearest future.

    WEAKNESS

    1. The general recession in the industry had affected theperformance of the companys opportunities.

    2. global marketing

    3. diversification & expansion

    TREATS

    1. Company is subject to competition from the otherestablished companys in this segment, both domestic as

    well as overseas.

    2. Adverse changes in government policies have an

    adverse effect on profitability of the company.

    FUTURE PLAN

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    SAMAY ELECTRONICS has a bright future let us all hope &

    wish.

    It future product planning includes many electronics items, it

    new product SOGO TILES. A Sogo tile is the new product of theSAMAY ELECTRONICS PVT. LTD.

    SUGGESSTION

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    After going through the training at SAMAY ELECTRONICS

    PVT. LTD. I feel every promotional & organization activity is properly

    determined objectivities or goal.

    There is nothing to suggest to this type of large scale unit as thecompany has already designed all the activities to bring the companys

    product to favorable attention of customers.

    So, SAMAY ELECTRONICS PVT. LTD. has speaking future.

    CONCLUSIONS

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    In conclusions, I would like to say that SAMAY ELECTRONICS

    PVT. LTD. is making a very good reputation. It is management is very

    good.

    The company has efficiency and smooth going personneldepartment. The employees are very good in nature. Relationship with

    the bank, debtors, creditors, officers & others.

    The overall performance of SAMAY ELECTRONICS PVT. LTD.

    is really good.

    At least, I am very glad to declare this report. This report is

    conduced with all the best wishes for the growth & prosperity of

    SAMAY in the coming years.

    BIBLIGRAPHY

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    Books: -

    Principle & practice management

    L.M. Prasad

    Modern Business Organization & Management

    S.A. Sarleker

    Visit on www.samayquartz.com

    http://www.samayquartz.com/http://www.samayquartz.com/