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    CONTENTS of General Information

    TOPICS PAGE NO.

    1. Introduction 01

    2. The Beginning 02

    3. Bio-data of The Company 03

    4. Management Persons 04

    5. Infrastructure 05

    6. Size of the organization 06

    7. Form of the organization 07

    8. Structure of the organization 08

    9. Quality Assurance 09

    10. Vision 10

    11. Products 11

    Onion Products

    Red Onion

    White Onion

    Pink Onion

    Toasted Onion

    Garlic

    12. Export 12

    13. Achievements 13

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    (1) INTRODUCTION

    MAHARAJA DEHYDRATION PVT. LTD. (INDIA) is one of the leading

    manufacturers of Dehydrated. Add spice in your life with delicious and healthy

    dehydrated onion, garlic in various forms and other dehydrated vegetables...

    Onions are considered to be essential ingredients of Indian food items. They not

    only taste good with salad but are also beneficial for our health. Perhaps, this explains the

    fact that why, the rising price of onions creates such an upheaval for every family.

    Onions, when dehydrated, are even healthier. Same is the case with garlic. These areknown to possess medicinal properties for curing stomach ailments and many other health

    remedies. Maharaja Dehydration Pvt. Ltd. is a rising company, established with the sole

    aim of providing health and comfort to its valued customers through these products. We

    are a trusted manufacturer and exporter of a diverse range of such healthy food products

    like dehydrated red, white and toasted onions, dehydrated garlic flakes, and other

    dehydrated vegetables.

    We are a complete health conscious organization which works with a deep

    commitment to serve its customers with only healthy food items. Hence, all our products

    are completely safe and hygienic, being made without exposing them to direct human

    touch. We are aware of the precious time that our customers value and therefore, strive to

    deliver all our products on time. They are available at really affordable prices, making

    them reach across all the masses. Within a few years of establishment, we have carved a

    niche for ourselves, not just in India but even abroad where our products are liked and

    trusted by our worthy clients.

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    (2) THE BEGINNING

    MAHARAJA DEHYDRATION in many cities. But it is in Bhavnagar district

    near MAHUVA. This industry is a private limited company.

    MAHARAJA DEHYDRATION PVT.LTD.-The manufacturing unit of

    dehydration onion and garlic-is situated at the onion

    Company is established in 2003 and is leading manufacturing of dehydration

    onion production like white and red onion kibbled, chopped, minced, granule and powder.

    Mr.V.P.KORDIYA is managing director of maharaja dehydration pvt, ltd, who is in this

    industry since last 10 years having full experience and expertise of this industry.

    Company is operated by most skilled and experienced person. Company hasestablished most advance machinery specially imported from foreign country. Company

    has operated in total hygienic environment and producing excellent quality product. Buyer

    satisfaction is the main aim of the company.

    Company is growing with very growth rate. Company is exporting its total

    product. The production capacity of the plant is APPX. 5 MT daily.

    MAHARAJA DEHYDRATION PVT.

    Business Type Exporter , Manufacturer

    Export Percentage 100%

    Primary Competitive Advantages Best quality

    Completely healthy products

    Affordable price

    Prompt delivery

    Sales Volume Rs. 9 corer

    No of Staff 300

    Year of Establishment 2003

    Export Markets Germany, Netherlands, Poland, U.S.A, Russia, and

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    many other countries

    Investment on Manufacturing

    Equipment

    Rs. 2 corer

    Monthly Production Capacity 150 metric tones

    (3) BIO-DATA OF THE COMPANY

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    NAME : MAHARAJADEHYDRATION PVT.LTD.

    ADDRESS : MAHARAJA DEHYDRATION PVT.LTD.

    BYPASSROAD, NEARBRIDGE,

    UMANIYAVADAR, MAHUVA-364290

    DIST.:- BHAVNAGAR (GUJARAT)

    INDIA.

    PHONE. NO. : +91-02844-246377

    MO.NO : +91- 98256 14212, +91- 98255 06199

    FAX : +91-02844-247047,

    E-MAIL : [email protected]

    [email protected]

    WEB- SITE : www.maharajadehydration.com

    www.maharajadehydration.net

    CHAIRMAN : SHRI. VITTHALBHAI P. KORADIYA

    MANAGING DIRECTOR : SHRI. VITTHALBHAI P. KORADIYA

    DIRECTORS : SHRI. KAMLESHBHAI K. KORADIY

    PRODUCTS : WHITE ONION, PINK ONION,

    TOATED ONION, RED ONION,

    GARLIC FLAKES, GARLIC POWDER.

    (4) MAGEMENT PERSONS

    5

    mailto:[email protected]://www.maharajadehydration.com/mailto:[email protected]://www.maharajadehydration.com/
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    The growth of MAHARAJA as an industrial company is attributed to the vision

    and farsightedness of the management team. The management strongly believes in the

    fundamentals of social enlistment through education and employment. The initiative like

    HACCP Certification ensures that they stay on the cutting edge quality, technology and

    processes.

    Mr.V.P.KORDIYA is Chairman and managing director of maharaja dehydration

    pvt, ltd, who is in this industry since last 10 years having full experience and expertise of

    this industry. His high principles are successfully inculcated in the management team of

    his family members and other relatives who have been running the MAHARAJA group

    of companies and maintaining the tradition and culture created by him. He is study only

    ten pass and diploma in agriculture. Vitthalbhai is first term commotion business, and

    there is seconds term of the partnership in business in the place Morangi. Before the

    personnel business the company name is MAHARAJA DEHYDRATION PVT. LTD.

    K.K.KORADIYA is directors of maharaja dehydration pvt. Ltd. in the last 4 year

    experience. Kamlesh is cousin of Vitthalbhai they with stated business. Kamlesh is study

    H.S.C. passes only.

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    (5) INFRASRUCTURE

    In order to produce goods that are comparable to International Standards, it is

    imperative for a company to have high quality infrastructure.

    Maharaja Dehydration Pvt. Ltd. has a vast and well developed infrastructure, fully

    equipped with the latest facilities to provide uninterrupted flow of production. Some of

    the highlights of our infrastructure are:

    A sound infrastructure armored with advanced and innovative technology

    Production unit installed with the latest modern technology and facilities

    Up gradation of machinery with the latest techniques

    Backed by a qualified team of acumen and pro-active employees having a

    dedicated and responsible attitude towards their work

    Team of experts to monitor the manufacturing process

    Indigenously developed technology with full technical backup and application

    support

    Spacious storerooms with full ventilation that enable us to hold huge stocks and

    thus, meet all kinds of market demands.

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    (6) SIZE OF THE ORGANIZATION

    There are some Government Rules regarding it. How much capital is invested in

    an enterprise, according to it, the size will be decided. From the size of the organization,

    the form of the organization can be decided easily.

    Basically there are 3 types of business units according to their size. They are

    1. Small Scale Enterprise

    2. Medium Scale Enterprise

    3. Large Scale Enterprise

    The types of enterprise according to the capital invested in them are shown in thetable as under:

    Total Capital Invested Type of Organization

    Less than 3 Lakes Small Scale EnterpriseBetween 3 to 10 Lakes Medium Scale EnterpriseMore than 10 Lakes Large Scale Enterprise

    The MAHARAJA DEHYDRATION is the Large Scale Enterprise, because the

    capital invested in it is very much more than the criteria, given for the large scale unit.

    (7) FORM OF THE ORGANIZATION

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    Choice of a proper form of organization is crucial for the success of a business

    enterprise. It determines the risk, responsibility and control of the enterprise as well as the

    division of profits. It is long term decision because the form of organization can not be

    changed frequently. The right form of organization can help the enterprise not only

    through initial success but in later growth, too. Therefore, it should be selected after due

    care and thought.

    i. Sole Proprietorship

    ii. Partnership

    iii. Joint Stock Company, and

    iv. Co-operative Enterprise.

    From the above given choices, it is clear that MAHARAJA DEHYDRATION is

    a Joint Stock Private Company, which is an integrated and voluntary association ofindividuals with a distinctive name, perpetual succession, limited liability and common

    seal.

    (8) ORGANIZATION STRUCTURE

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    When a large number of people are working for the accomplishment of an

    objective, specific understanding and clarity are necessary as to be performed, which will

    perform which issue orders, who will implement them, ECT, are planned objectives.

    Organization establishes authority- responsibility relationship. The human body is the

    best examples of an organization. There are different parts of organization department.

    Production department, marketing department, Human Resources department, and

    Finance department. Assignment of authority is the basic of organization. Planning is the

    brain of a business while organization is its physical structure.

    Take away our plants, take away our business, oh! Take away our wealth

    (finance) but permit us to retain our organization. Within no time we shall be on our

    feet once again.

    There are four types of organization; Staff Organization, Line Organization, Line

    $Staff Organization and Functional Organization. Maharaja dehydration has LineOrganization. The enterprise business is divided heads are appointed for every

    department. Under the department of production; purchase and production officer,

    marketing; sales executive and publicity officer, human resources; personnel officer and

    personnel consultant& finance; controller and treasurer.

    In their organization, authority flow downward from the top to bottom and

    responsibility goes upwards from bottom to top. Every person is responsible to his

    immediate superior.

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    11

    Managing Director

    Board of Director

    General Manager

    Finance dept.HR dept.Marketing dept.Productions dept.

    Production OfficerPurchase Officer Controller Treasurer

    PublicityOfficer

    SalesExecutive

    WorkerAssistant

    Data Entry operator

    WorkerAssistant

    Officer HR

    Regional Manager

    Assistant

    Branch Manager

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    (9) Quality Assurance

    We, at Maharaja Dehydration Pvt. Ltd., are aware of the responsibility that we

    have undertaken and remain committed to thrive ahead. Hence, we make sure that only the

    best quality and hygienic products reach our customers. Quality is one aspect that is given

    paramount importance with stringent quality checking process taking place at our factory.

    The raw onions, garlics and other vegetables are procured only from highly reliable

    sources and stored under well ventilated conditions. No direct human touch is permissible

    and to make sure that practice, the workers are given special dresses so that the risk of

    infection can be avoided completely. During processing, all the raw vegetables are cleaned

    with absolutely clean and fresh water to ward off all the dirt and later, they undergooptimum dehydration under hygienic conditions.

    (10) VISION

    Be one of the largest players in the Onion Industry with total in electrical&

    technical production processes.

    Become the highest employment provider in Mahuva by providing equal

    employment opportunities for the enlistment of the needy people.

    Harness the latest technologies for simplification of processes and rapid

    expansion.

    Maharaja dehydration will have been new plant in Mahuva. New plant

    dehydration and chance provider of employee.

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    (11) PRODUCTS

    At present, the company has a wide range of products in different segments.

    Onion, garlic and other vegetable are just to name a few.

    MAHARAJA is manufacturing around White Onion Flakes. Size 8 to 10mm.

    White Onion Minces/ Granule. Size 1 to 3mm. /05 to 2mm. White Onion Powder, size-

    100 to 120 mesh. Pink Onion Flakes Size 8 to 10mm. Red Onion Flakes. Size 8 to

    10mm. Red Onion Minces/Granule. Size - 1to 3mm. /05 to 2mm. Red Onion Powder,

    Size 100 to 120. Garlic Flakes Size - 8 to 10mm.Galic powder Size 100 to 120mesh.

    Toasted Onion Minces/ Granule. Size 1 to 3mm. /05 to 2mm. Toasted Onion Powder,

    Size 100 to 120 meshes. Above are regular product, other Vegetable are

    dehydrated on the order basis.

    Companys objective is to provide competitive products and services which fully

    meet the internal and external customers requirements. The company has multi stage

    Quality Control from the raw material to the finished products to provide Best Quality

    Product to the ultimate consumer.

    The wide range of all the products can be differentiated through its graphical

    representation. The categories of each and every product will be cleared by it. The

    production capacity of the company is 2000 MT. Annually.

    MAHARAJA DEHYDRATION PVT. LTD. gives employment to more than 250

    people daily. This way company is serving its own country by giving employment to its

    valuable peoples.

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    Seed developing & inheritance factor:-

    In span of 10 years maharaja Dehydration has phased expansion as well

    development of special seeds of onions. Which is specially for growing onions for

    dehydration purpose.

    Farming and cultivating:-

    Onions grown for dehydration is different from onions grown for the fresh

    market. Depth of seeding has an effect on the bulb shape since the onion stem plate

    forms at the point where the seed germinates. Onions for dehydration should be

    planted in 2 inch deep furrows. Maharaja owns acres of land for farming their own

    onion as well successfully inspired farmers in rural area of their region for growing

    their own well-developed seeds of onion. Thats why today maharaja dehydrated

    onions are very pungent as well aromatic.

    Raw onion storing:-

    Raw onions are stored under well-ventilated atmosphere and very timely moves

    for the dehydration.

    No Direct human touch:-

    Direct human touch to products at maharaja dehydration is highly restricted. Tovoid direct human touch we have implemented special dress code.

    Assorting & cleaning:-

    At this stage onions are physically checked. Onions of the size of 2 and above

    are peeled and tailed. Top layer of onion bulbs are get off and shifted for the next

    stage for cleaning.

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    PRODUCTION CHARTS

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    PINK

    ONION

    TOASTED

    ONION

    RED

    ONION

    WHITE

    ONION

    ONION

    GARLIC

    GARLIC

    FLAKES

    GARLIC

    POWDER

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    PRODUCT RANGE

    Maharaja Dehydration Pvt. Ltd. has delved deeper into the cause of providing

    health related solutions to its valued customers through a diversified range of healthy

    food products. We are a reliable and committed manufacturer and exporter of the

    following dehydrated food products:

    Dehydrated Red Onion in: Slices, Rings, Kibbled, Chopped, Minced,

    Granules, Powder

    Dehydrated White Onion in: Slices, Rings, Kibbled, Chopped, Minced,

    Granules, Powder

    Dehydrated Pink Onion in: Flakes, Kibbled

    Dehydrated Toasted Onion in: Slices, Rings, Kibbled, Chopped, Minced,

    Granules, Powder

    White Onion in Acetic Acid/ Vinegar

    Dehydrated Garlic Flakes

    Other Dehydrated Vegetables.

    Our Products are Applicable in

    Instant Foods

    Soups

    Sauces

    Gravies

    Other Processed Foods

    Vegetarian and Non-vegetarian Dishes.

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    PRODUCT

    RED ONION

    Red rings Red kibbled Red Chopped

    Red minced Red Granules Red Powder

    WHITE ONION

    White rings White kibbled White Chopped

    White minced White Granules White Powder

    TOASTED ONION

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    Toasted kibbled Toasted Chopped Toasted minced

    Toasted Granules Toasted Powder Pink Flakes

    Garlic Flakes Garlic Powder

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    Maharaja dehydration changes are possible as per buyers requirements.

    (12) EXPORT

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    MAHARAJA DEHDYRATION PVT. LTD. found to complement the Export

    activities and one of Indias Premier business houses. The company has strong

    distribution channel in all over the world. They are exporting the products in 100% out of

    country.

    The Company trust from the very beginning has been to remain in the front line in

    its field of activity through innovation, constant technology up gradation, and customer

    relations. This has lead to Maharaja holding the high ground in this region.

    So, it can be said that, on export front, the company has emerged a clear winner,

    gathering many accolades in the process. Today, MAHARAJA products enjoy a

    prominent place in more than 6 Countries. Some of them are

    The product in various countries like GERMANY, USA, THE

    NETHERLANDS, POLAND, RUSSIA, FRANCE, UK, CANADA.

    FIVE STAR FOOD EXPORT INDUSTRIES is the sister concern of

    MAHARAJA DEHYDRATION PVT. LTD.

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    (13) ACHIEVEMENTS

    MAHARAJA DEHYDRATION mangling group get many international.

    1) Maharaja product Pvt. Ltd. present To Five star food Pvt. Ltd. for achieving standard

    of the process of manufacturing product during the period 2005 to 2006

    2) Exceptional performance recognition award

    3) Quality & Quantities improve in manufacturing of confectionary through automation

    4) All round best performance in contract manufacturing of confectionary product.

    GOALS:

    Zero marketing complaints :

    They have been improving in this area year on year and

    with utmost care in quality, assurance all manufacturing unit should strive to achieve this

    status.

    Maharaja Quality System :

    Integration of all our effort in modern quality concept. Food

    management system and quality assurance are must gear up their system whereby each person in their organization is committed to highest quality, safety, productivity/

    efficiency, enhancement and self development focus on intensive training and

    development of or people.

    Wastage elimination:

    Wastage encompasses excess raw/ packing material, dough, broken,

    biscuits, excess power/ fuel, water/ compressed air consumption which are heavily

    precious international resource while good responsible corporate citizens we should be

    saving by putting in all efforts & hard work lets strive not just to minimize these

    wastage, but change our outlook &attitude towards eliminating these.

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    CONTENTS of Human Resource Department

    TOPICS PAGE NO.

    1. Introduction 25

    2. Organizational Structure 26

    3. Recruitment & Selection &Induction 27

    4. Time Keeping System 29

    5. Training & Development 29

    6. Performance Appraisal 31

    7. Salary Payment System 32

    8. Employee Records 33

    9. Promotion & Transfer 34

    10. Employee Services & Benefits 35

    11. Collective Bargaining 36

    12. Industrial Relations 37

    (1) INTRODUCTION

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    Human Resource Management is also a management function consumed with

    hiring, motivating, and maintaining people in an organization. It focuses on people in

    organization.

    Simply put, Human Resource Management (HRM) is a management function

    that helps manager recruitment, selection, and training and develop member for an

    organization. Obviously, HRM is concerned with the people in organization.

    Specifically, the following constitute the core of HRM:

    Organizations are not mere bricks, mortar, machineries or inventories. They are

    people. It is the people who staff and manager organizations.

    HRM involves the application of management function and principle, the function and principle are applied to acquisitioning, developing, maintaining, and remunerating

    employees in organizations.

    Decision relating to employees must be integrated. Decision on different aspect of

    employees must be consistent with other HR decision.

    Decision made must influence the effectiveness of an organization. Effectiveness

    of an organization must result in betterment of services to customer in the form high-

    quality products supplied at reasonable costs. HRM functions are not confined to business establishment only. They are applicable

    to non-business organizations, too, such as education, health care, recreation, and the

    like.

    The company MAHARAJA DEHYDRATON has efficient human resources

    which helps it in accomplishing various objectives and touching new horizons of success.

    The company currently provides employment to more than 250 employees daily (50% of

    which are female employees).

    HRM is a strategic approach to the acquisition, motivation, development and

    management of the organizations human resource. It is a specialized field that attempts

    to develop program, policies, and activities to promote the satisfaction of both individual

    and organizational needs, goals, and objectives. It is devoted to sharing an appropriate

    corporate culture, and introducing programs that ensures success of an enterprise.

    (2) ORGANIZATION STRUCTURE

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    This diagram represents the organization chart of Human Resources Department

    of MAHARAJA.

    A large-scale unit will have a Manager/Director heading the HR department. His

    or her status will be equal to that of any executive. Human Resource under types of

    different department there are first Managing of Directors then the second General of

    Manager is information given the under department; marketing, finance, production,

    research& development and human resource manager. HR manager under; regional

    manager, branch manager, officer HR and assistant.

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    Managing Director

    General Manager

    ManagerFinance

    ManagerMarketing

    ManagerProduction

    ManagerResearch&Development

    ManagerHuman Resource

    Assistant

    Officer HR

    Branch Manager

    Regional Manager

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    (3) RECRUITMENT, SELECTION & INDECTION

    According to Flipper: Recruitment it is the process of searching for prospective

    employee and stimulating them to apply for jobs in the organization.

    Selection it is the process of ascertaining qualification, experience, skill and

    knowledge of an applicant with a view to appraising his/her suitability to the job

    question.

    Recruitment is regarded as the most important function of HRM. It forms the first

    stage in the process which continues with the placement of candidate. Recruiting makes it

    possible to acquire the number and types of people necessary to ensure the continuedoperation of the organization. It is the discovery of potential applicants for actual or

    anticipated organizational vacancies. In other words, it is a linking activity bringing

    together those with jobs and those seeking jobs.

    The selection process is concern with securing relevant information about an

    applicant. This information is secured in a number of steps or stages. The objective of

    selection procedure is to determine whether an applicant meets the qualification for a

    specific job and to choose the applicant who is most likely to perform well in that job.

    Selection is a long process.

    The company MAHARAJA follows a standard and typical method of recruitment

    and selection. The process of recruitment being with getting applications and same for the

    selection, it stats with initial interview. Basically, for the post of manager or any other

    higher designation, they design the job profile and appoint the candidate who is matching

    with their job profile. From the total employees currently working in the company, the

    50% are the female employees.

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    INDUCTION

    This involves introduction of an employee to the job and an organization the

    primary purpose is to sell the company the new employee. So that he can take pride of his

    association with the company. An employee has to operate with fellow employee and his

    supervisor. Hence he must know them, their way of working and also the policies and

    practices of organization.

    INDUCTION PRORAMME

    Organization structure & major function of different department.

    1. Employees own department & job and how he facts in to the organization.

    2. Personnel policy and the sources of information.3. Company policies, practices, objectives and regulation.

    4. Discipline handling.

    5. Social benefit & recreation services.

    6. Job instruction & to whom he should refer whenever he have any difficulties.

    7. The company and its history it is product manufacturing process and major operating

    involve in the particular job.

    8. Opportunities, promotion, transfer, suggestion, skim and job satisfaction.

    Induction procedure (oriented)

    Formal oriented

    Informal oriented

    There main basic steps of procedure:-

    1. General orientation by the staff;

    o Welcome to the organization

    o Explain about company

    o Show location department where the new required will work

    o Given the annual to the new required

    2. Specific oriented by the job supervisor

    3. Feedback of oriented.

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    (4) TIME KEEPING SYSTEM

    The term time keeping deals with the daily working time schedules of the

    employees. To come on time regularly and go after completion of working hours and

    there are three ship of worker. In the Maharaja dehydration workers comes at 8oclock

    in the morning, 5oclock evening first bancs the lunch break is at 1oclock in the noon

    and 5oclock in the evening, 1oclock night second bancs and 1oclock break and

    1oclock in the night, 8oclock morning third bancs the working hours completes at

    6oclock in the evening. There is the punching card system for the employees to record

    the time of their arrival or as the mark of their presence. They have the uniform and I-card

    and card compulsory to wear while they are in the company premises.

    (5) TRAINING & DEVELOPMENT

    TRAINING:-

    Definition:

    Training is the act of increasing the knowledge & skill of employee for doing a

    particular job FLIPPO

    Training is a short term process utilizing a systematic and organized procedure

    by which non-managerial personnel lawn technical knowledge & skill for a definite.

    L.L.Steinmets

    DEVEIOPMENT:-

    Definition:

    Development is long term educational process utilizing a systematic and organized

    procedure by which managerial personnel procedure gets conceptual and theoretical

    knowledge it refers not technical knowledge or skill in operation but to philosophical and

    theoretical education concept it involves broader education and its purpose is a long term

    development

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    Training Methods

    There are two types as under,

    OFF THE JOB TRAINING:-

    Lecture

    Meeting

    Role play

    Programmer Instruction

    ON THE JOB TRAINING:-

    Coaching

    Mentoring

    Job Rotation

    Committee Assignment

    Training method are usually classified instruction on the job training provide when

    the worker are taught relevant knowledge, skill and ability at the actual work place. Off

    the job training on the other hand require that the training learn at the location other than

    real work. Maharaja dehydration Pvt. Ltd. of the 8 days training in the new worker.

    DEVELOPMENT :

    Maharaja group had established fully computerize

    In the company carried out the automation work for modernization in

    factory. Apart from automation of wrapping machines, the industry

    has a machines installed which handles most of the pumps and motors;

    it removes the variation in quantities of batch preparation.

    The company awards an exception performance recognition award for

    overall improvement in hygiene and quality.

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    (6) PERFOMANCE APPRAISAL

    Once the employee has been selected, trained, and motivated, he is then appraised

    for his performance. Performance Appraisal is the step where the management finds out

    how effective it has been at hiring and placing employees. A performance appraisal is

    a process of evaluating an employees performance and qualification in terms of the

    requirements of the for which he is employed.

    Maharaja Dehydration undertakes performance appraisal after a stipulated period

    of time. For this, they consult the employees and ask about the function of their jobs, the

    problems they are facing and also take their suggestions to correct the problem. Then theyanalyses the results and from the derived analysis, the measures are taken and rewards are

    given to the employee.

    PERFORMANCE APPRAISAL METHOD

    That is used to evaluate employees performance. It may be evaluated on basis of

    his/ her traits and attributes as well as his work or result and objective achieved by his/

    her. Some of the common techniques are below,

    1. Individual Performance Appraisal Method

    Rating scale method

    Check list method

    Forced choice method

    Field review method

    Cost accounting method2. Group Appraisal method

    Ranking method

    Paired Comparison method

    Forced Distribution method

    3. Other method

    Self Appraisal

    Appraisal by result or management by objectives [MBO] approach.

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    (7) SALARY PAYMENT SYSTEM

    Different companies follow different types of salary payment systems. Salary can

    be given on the basic of working hours or it can be given unit basic or a fixed salary at

    every month. According to the levels of employees salaries are given to them.

    The salary payment systems of the company are developed from the results of

    performance appraisals. They designs the whole system, taking into consideration, theability of organization to pay, cost of living, supply and demand conditions in the market

    and the wage and salary levels in the other firms. Governmental Rules also plays major

    role in it.

    The companies follow different systems for different categories of employees.

    Maharaja payment system is day-to-day.

    In Maharaja Dehydration, the pay scale for workers (laborers) is about 1500 per

    month. And for the executive officers, it is high.

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    (8) EMPLOYEE RECORDS

    In employee records, complete and up-to-date information is maintained about

    employees, so that these records may be utilized, if need be , at the time of making

    transfers, promotions, giving merit pay, or sanctioning leave and at the time of

    termination of service.

    The MAHARAJA DEHYRATION maintains the personal records of each andevery employee. They keep the data from the day when application of an employee

    comes. Every employees personal information like his name, address, family members,

    qualification, etc is kept. The record of every days working is also maintained. The other

    information such as his areas of interest, aptitudes, any special ability or skill if he has, is

    kept with the company.

    Maharaja employee records day-to-day.

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    (9) PROMOTION & TRANSFER

    A promotion may be defined as an upward advancement of an employee in an

    organization to another job, which commands better pay, status, and higher

    opportunities, challengers, responsibilities and authority, better working

    environment, hours of work and facilities and a higher rank.

    MAHARAJADEHYDRATION the employees of promotion. The old employees

    promotion then the other facility bones, salary increase, health & safety facility, otherstage responsibility.

    It can be defined as a lateral shift causing movement of individuals from one

    position to another usually without involving any market change in duties,

    responsibilities, skill, needed or compensation.

    In MAHARAJA promotion and transfer activities are less. Every employee has its

    specialized area of work, so that they prefer both the activities in lesser proportion. If any

    emergency occurs to fill the specific post, then only the transfer or promotion is made.

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    (10) EMPLOYEE SERVICES & BENEFITS

    The employee services and benefits are concerned with the process of

    sustaining and maintaining the work force in an organization. The maharaja provides the

    following services and benefits, to its employees.

    Employee Counseling

    It is the process through which employees are given counsel in solving their

    work problems and their personal problems. The employees are asked about their

    working problems and the companys management tries to solve the problem, as soon as

    possible. Welfare Services

    These services includes entertainment services like, film shows, sports and

    games, housing, educational, transport and canteen facilities etc. maharaja provides

    company quarters for employees and daily bus service from quarters to the company and

    vice versa. It also provides transportation facilities and pays transport allowances for the

    employees related to sales and marketing department. It arranges the exhibitions and

    seminars for employees. Salary increase:-

    Maharaja dehydration provides salary. There are senior employee payment

    increases. For example; 2000 and 2500 to pay salary, there are increases salary 2500 and

    3000 to pay.

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    (11) COLLECTIVE BARGAINING

    It is the process of agreeing on a satisfaction labour contract between

    management and union. The contract contains agreements about condition of employment

    such as wages, hours, promotion, and discipline; lay off, benefits, vacation, rest pauses

    and the grievance procedure. The process of bargaining generally takes time, as both

    parties tend to make proposals and counter-proposals. The resulting agreement must beratified by unions, workers and management.

    In MAHARAJA there is no such type of activity because there is no existence of

    employee union.

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    CONTENTS of Marketing Department

    TOPICS PAGE NO.

    1. Introduction 40

    2. Organizational Structure 41

    3. Research & Development 42

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    4. Product Planning 43

    5. Pricing Policy 44

    6. Market Segmentation 45

    7. Product Mix 47

    8. Distribution Channels 48

    9. Product Life Cycle 49

    10. Advertisements 50

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    (1) INTRODUCTION

    Even if some people question the existence of a new economy, they need to

    acknowledge the new elements in todays market place. The Internet has multiplied the

    number of ways for consumers buy and companies sell and how company carry on their

    business. The Internet has increased the customer price sensitivity. Cellular phones have

    enable people to exchange messages and buy and sell on the go. Companies face

    competitors from a growing number of countries. There is a decline in the effectiveness

    of mass advertising as a result of the explosion of communication channels. There the

    need for Marketing emerged.

    Marketing can be defined as Marketing is an organizational function and set

    of process for creating, communication, and delivering value to customer

    relationship in ways that benefit the organization and its stake holder. Marketers are

    skilled in stimulating demand for companys products.

    The MAHARAJA DEHYDRATION has Marketing Department, creating a

    demand for the products by covering national and international markets. They have

    recently stared advertisement of the MAHARJA HOMEAPPLIANCESproducts. The

    company has their own R & D Department who researches for the innovations and

    modifications in the products.

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    ORGANIZATION STRUCTURE

    This diagram represents the organization chart of Marketing Department of

    MAHARAJA DEHYDRATION.

    The BOD is at the top in an organizational hierarchy. Under them, the General

    Manager of the company, who works as directed by the BOD. The GM passes orders to

    the Head of the Marketing Department and he leads the sales executives and publicity

    officer. Both of them work as said by the Head of the Department. Even under the Sales

    Executive Officer, there is Sales Representative, who handles the sales affairs of the

    company. And the Publicity Officer, working under the Head of Department, manages the

    publicity and advertising matters. At the bottom level, there are salesmen, who takeorders from the other firms or whole seller.

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    Board of Directors

    General Manager

    Marketing dept

    Publicity officerSales Executive

    Sales Representative

    Assistant Worker

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    (3) RESEARCH AND

    DEVELOPMENT

    As per American marketing association given definition marketing research

    refer to the Scientifics gathering, recording and to analyzing of data about problem

    manufacturing research process.

    Marketing research produces information that consumer and market and theirrelation to various products, prices, distribution and promotion strategies.

    Research activity has been given prime importance in MAHARAJA

    DEHYDRATION. It is not so that the work has been left to technically qualified

    employees only. All the essential promoters of the company are actively engaged in the

    process. Process of research & development has been introduced in the area of inventory

    management, finance, marketing and recoveries as a result; the products are earning more

    profits because of very low cost of production.

    The Research & Development department governs the production planning. The

    department has always provided a base of technological up gradation to MAHARAJA

    DEHYDRATIONS production planning.

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    (4) PRODUCT PLANNING

    The crores of rupee are being spent on research and development (R $D) is a clear

    attestation of the fact that new product are the result of planned discovery. Such a huge

    investment is necessary as the new products are at present the only means of survival for

    a firm. The business must have two elements:

    1. INNOVATION

    2. PURPOSENecessity for innovation is created by political, economic, technological and

    sociological changes. One could actually say that the need for innovation is created by the

    dynamic nature of culture. We have also seen that product planning is the activity

    changed with the responsibility of providing new and profitable product for management

    to valuate. It is also change with the responsibility of reviewing the profitability of current

    items (existing product) in the product mix. Product planning deals with changes in

    The kinds of goods and services offered

    The number of kinds or product or different lines, that the company offers

    The width of assortment within each product line offered

    The quality level or level accepted to various classes of consumer, and

    The degree of distinctiveness.

    The MAHARAJA DEHYDRATION has the separate department for product

    planning. This department works under the Marketing Department. They always keep

    watch on the market and competitors and then after following certain procedure, planfor the product.

    Steps in New Product Development

    The following steps are recommended in the planning of product:

    Exploration

    Screening

    Business analysis

    Development

    Testing

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    Commercialization.

    (5) PRICING POLICY

    Throughout most of history, prices were set by negotiation between buyer and

    seller. Bargaining is still a sport area. The price must be consistent with company

    pricing policies. At the same time companies are not averse to establishing pricing

    penalties under certain circumstances.

    Airline change $ 150 to those who change their reservation on discount tickets.

    Bank change fees for too many withdrawals in a month or for early withdrawal of a

    certificate of deposit. Although these policies are often justifiable they must be used

    judiciously so as not to unnecessary alienate customer.

    Many companies set up a pricing department to develop policies and establish orapprove decision. The aim is ensure that salespeople quote prices that are reasonable to

    customer profitable to the company. Dell computer has developed innovative pricing

    techniques.

    A company may consider the following factors in setting pricing policy.

    1. Selecting the pricing objectives

    2. Determining demand

    3. Estimating cost

    4. Analyzing competitors cost, price and offers.

    5. Selecting a pricing method

    6. Selecting the final price

    The MAHARAJA DEHYDRATION sets the very economic prices of its products.

    The prices of the products are such that it can be affordable by every class of the society.

    Here, the price list of the products is given.

    PRODUCT PRICE-RANGE

    Red Onion per kg. 60-100

    White Onion per kg. 60-100

    Pink Onion per kg. 60-100

    Toasted Onion per kg. 60-100

    Garlic per kg. 50-70

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    (6) M ARKET SEGMENTATION

    According to Philip kotler, market segmentation is the sub-dividing of market

    into homogeneous sub-section of customer. Where any sub-section may conceivably be

    selected as a market target to be reached with a distinct marketing mix.

    According to W.J.Stanton, market segmentation consists of taking the total

    heterogeneous market for a product and dividing it into several sub-market or segments,

    each of which tends to be homogeneous in all significant aspects.

    Market segmentation allow a marketer to take a heterogeneous market, a marketconsisting of customer with diverse characteristic, needs, wants and behaviors, carve

    organization with similarly needs, wants and behavioral tendencies.

    McDonalds and other marketer have found market segmentation to be value able

    technique for the following reasons:

    Efficient use of marketing resources

    Better understanding of customer needs

    Better understanding of competitive situation Accurate measurement of goal and performance.

    There are different variables based on which, the consumer markets can be

    segmented. They are as under:

    Demographic Segmentation

    Age ( Under 6, 6-11,12-19, 20-34, 35-49, 50-64, 65+)

    Family Size (1-2-3-4,5+)

    Family life cycle ( Child, Young, Married, Old, No Children,etc.,)

    Gender (Male, Female)

    Income ( Under 10000, 10000-15000, 15000-20000 and above)

    Occupation ( Professional, Official, Clerical, Student, etc.,)

    Education ( School, College graduate, etc.,)

    Religion ( Hindu, Muslim, Catholic, etc.,)

    Nationality ( Indian, American, French, German, etc.,)

    Social Class ( Lower middle, Upper middle, Lower uppers, working class)

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    Geographic Segmentation

    Region (pacific, mountain, west north center, etc.,)

    City Size (under 5,000; 5,000-20,000; 20,000-500000 and above)

    Density (urban, suburban, rural.)

    Climate (northern, southern.)

    Psychographic Segmentation

    Life style (culture, sports, outdoor-oriented.)

    Personality (compulsive, gregarious, authoritarian, etc.,)

    Behavioral Segmentation

    Occasions (regular occasions, special occasions.)

    Benefits (quality, services, economy, and speed.)

    User status (nonuser, ex-user, potential user, etc.,)

    Usage Rate (light user, medium user, heavy user.)

    Attitude toward product (enthusiastic, positive, indifferent.)

    Generally, the company has segmented the market on the entire basis. They are

    producing the products in such a wide range that it covers a whole market and all type of

    segments.

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    (7) PRODUCT MIX

    Product mix is the list of all products sale by a company. It is defined as a

    composite of products offered for sale by a firm or a business. The products mix three

    dimensional:

    1. Breadth,

    2. Depth, and

    3. Consistency.Breadth is measure by the number or variety of product manufactured by a single

    manufacture. For example, Bajaj Electrical produces a variety of electrical appliances

    such as fans, mixer, lamps, etc.

    Depth refers to the assortment of sizes, colours, and models offered within each

    product line. For example, Bajaj Electricals manufacture different varieties or models of

    fans and lamps.

    Consistency refer to the close relationship of various product lines either or their

    end-use, or production requirement or to distribution channel, or to other variable. Bajaj

    Electrical, for example, produces those goods which fall under the category Electrical

    Appliances. So there is consistency in their products. In contrast to this, Godrej offers

    inconsistency in their product line, manufacturing process and even in their product mix,

    which offers a variety of products having common relationship. For example, soaps and

    locks.

    The MAHARAJA DEHYDRATIONS product mix is as follows.

    Product Mix Width

    Onion

    Red White Pink Garlic Toasted

    Minces Minces Basic - Minces

    Powder Powder Powder - Powder

    Ring Rings - - -

    - - Flakes Flakes -

    Kibbled Kibbled - - Kibbled

    Slices Slices - Slices

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    (8) DISTRIBUTION CHANNELS

    The distribution channels means the medium through which the product can be

    reached to the market. The channel can be of any type, either it can be direct distribution

    system or indirect means the general distribution system.

    Level of channel distribution

    0 levels: - A channel represents a manufacture directly selling has product to finalcustomer. 1 level: - A channel represents a manufacture to wholesaler directly selling has

    product to final customer. 2 levels: - A channel represents a manufacture such as

    wholesaler purchase goods or producer and selling them to retailer then to directly selling

    has product to final customer. 3 level:- A channel represents a manufacture such as

    company agent to wholesaler purchase goods or producer and selling them to retailer then

    to directly selling has product to final customer.

    The distribution channels of their three types;

    1. Intensive distribution

    2. Exclusive distribution

    3. Selective distribution

    MAHARAJA DEHYDRATION PVT. LTD. is a represent of channel

    distribution to the international.

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    ADVERTISEMENTS

    Advertising:

    Advertising is any paid form of no personal presentation and promotion of ideas,

    goods, or services by an identified sponsor. Advertisers include not only business firms,

    but also museums, charitable organization, and government agencies that direct messages

    to target publics. Ads are a cost-effective way to disseminate messages, whether to build

    brand preference for Coca-Cola or people to avoid hard drugs.

    Most companies use an outside agency to help create advertising campaigns andto select and purchase media. Today, advertising agencies are redefining themselves as

    communication companies that assist clients to improve their overall communication

    effectiveness by offering strategic and practical advice on many forms of communication.

    An advertising goal is a specific communications task and achievement level to

    be accomplished with a specific period of time. Objectives as under;

    1. Information advertising,

    2. Persuasive advertising,

    3. Reminder advertising,

    4. Reinforcement advertising.

    Advertising profile of major media types:

    Newspaper, television, direct mail, radio, magazine, outdoor, yellow pages,

    newsletters, brochures, telephone, and internet.

    Maharaja dehydration advertising international country for in place food fair

    stalls in foreign

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    CONTENTS of Finance Department

    TOPICS PAGE NO.

    1. Introduction 53

    2. Organizational Structure 54

    3. Capitalization 55

    4. Ratio Analysis 56

    5. Management of Working Capital 57

    6. Management of Fixed Assets 60

    7. Cash Management 61

    8. Leverage Analysis 62

    9. Fund Flow Analysis 63

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    (1) INTRODUCTION

    Financial is the foundation stone of every business in the present day set up. No

    business can be started without adequate finance nor can it be developed. The success of

    every business depends upon adequate source of finance. The financing of sold trade and

    partnership on nit difficult as the main source of finance is their own contribution and

    requirement are limited. In the present modern set up generally businesses are raw by big

    companies whose financial requirements are large volume of finance which can not be

    contributed by investors.

    Howard and Upton observed financial management involve the application of

    genera management principle to a particular financial operation. It is concerned mainlywith raising funds is most economic and suitable manner, using these funds profitable as

    possible. It provides best guide for future resource allocation by a firms. Financial

    management is associated with designing and implementation and projects. Plans aim at

    an effective utilization of funds.

    Financial management is an area of financial decision making,

    harmonizing individual motives and enterprise goals (Weston & Brigham)

    Functions of financial management are those which go beyond the accounts figures.

    Financial decisions are more critical, important and challenging. For any business

    optimum utilization of available funds is a skill of finance manager.

    The responsibilities of financial management are spread throughout the organization.

    Since, finance function is a major critical functional area, the ultimate responsibility for

    carrying out financial management functions lies with top management, i.e. Board of

    Directors.

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    (2) ORGANIZATION STRUCTURE

    In a large sized business unit, however a clear and detailed division of finance

    functions is made. In the firms wherein officials like treasurers, chartered accountant and

    controllers are appointed, they perform staff duties in addition to their general duties as

    the main accounting official of the organization. Their staff duties include financial

    forecasting, financial control and performance evaluation. In larger companies the

    treasurer and controller are accountable to the main or director of finance. Maharaja

    dehydration finance manger of director.

    Thus, the top official of the finance department is known by different names. He is

    known as chief officer or finance manager or finance administrator or treasurer or

    controller. Generally the finance manager is responsible to the managing director or to theboard of directors of the company.

    The organization of finance functions may be illustrated as follows;

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    Board of Directors

    Managing of Directors

    Financial Department

    Controller Treasurer Chartered Accountant

    AuditorData Entry Operator

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    (3) CAPITALIZATION

    Capitalization of a corporation comprises the ownership capital and the

    borrowed capital as represented by long term indebtedness. It may also mean the total

    accounting value of the capital stock, surplus in whatever form it may appear and the

    refunded long-term debt. Lillian Doris

    The term capitalization which is derived from the word capital was frequently

    confusing in the past, since the fixed capital of a company was its major permanent

    investment.

    The term capitalization or the valuation of the capital includes the capital

    stock and debt.

    Capitalization includes capital stocks of share capital and dept. There are two types

    of capitalization from which company may undergo. Over- Capitalization

    Under- Capitalization

    Over- Capitalization

    A corporation is over capitalized when its earning are not large enough

    to yield a fair return on the amount of stock and bonds that have been issue, or

    when the amount of securities outstanding exceeds the current value of assets. ---

    GrettenbergerThe analysis of the above definition reveals that a company is not over capitalized

    from the very beginning. The state of over capitalization develops after some time. It is

    also clear that the company is said to be over capitalized if it fails to pay a proper rate of

    dividend over a long period time.

    Under- Capitalization

    A corporation or business may be under-capitalization when the rate of profit

    id exceptionally high in relation to the return enjoyed by similarly situated

    companies in the same industry or it has too little capital to conduct business.

    Under-capitalization is a condition where the real value of company is more than

    the book value. The assets do bring profits but it would appear to be must larger than are

    warranted by book figures of capital. In such cases, the dividend will naturally be high

    and the market value of shares will be much higher than par value. It is the sense that an

    under-capitalized company pays exceptionally high rates of dividend.

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    (4) RATIO ANALYSIS

    In the word of Myres, financial statement analysis largely a study of relationship

    among the various financial factor in a business as disclosed by a single set of statement

    and a study of the trends of these factors as shown in a series of statement.

    Given the definition ofHunt, Will ant and Donaldson, Ratios are simply a

    means of highlighting in arithmetical terms, of relationship between figures drawn

    from financial statement.

    The use of ratio has become increasing popular during last few years only. Today,

    it has gained such impotence that anybody connected with the business enterprise uses

    ratio analyses for measuring the financial strength and earning capacity of the business.

    Profitability Ratio

    This ratio falls under the category of the functional ratios. A number of ratios are

    designed to indicate the profitability of the business and are grouped into the category of

    profitability ratios. For example, return on capital employed is an example of profitability

    ratio.

    Under this ratio, there are many different ratios, two of them are-----

    1. Gross Profit Ratio

    The ratio establishes relationship of gross profit with sales to measure the

    operating efficiency of the firm and to reflect its pricing policy. The rated is

    calculated by dividing the gross profit by sales. Thus---

    Gross Profit Ratio = Gross Profit X 100

    Sales

    This ratio is usually expressed as a percentage.

    2. Net Profit Ratio

    The ratio measures the relationship between net profits and sales of the firm

    and is obtained by dividing the net profit by net sales. Depending upon the

    concept of net profit employed, the ratio can be computed in ways---

    Net Profit Ratio = Net Profit X 100

    Net Sales

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    (5) MANAGEMENT OF WORKING CAPITAL

    There are two types of assets in each concern i.e. fixed assets and current assets.

    Both types of assets are to be managed efficiently so as to earn maximum profit is with

    minimum possible investment because maximization of profits is the prime object of

    every business. Decisions regarding investment in fixed assets are taken though the

    capital budgeting process but decision making regarding management of working capital

    is a continuous process which involves control of everyday ebb and flow of financial

    resources circulating in the enterprise in one form or the other.

    Therefore, there is a need for every firm to maintain optimum level of working

    capital by bringing trade off between risk and profitability. The two types of working

    capital are----1. Gross Working capital

    2. Net Working Capital

    Operating Cycle

    The duration of time required to complete the various stages in the business

    activity is called the operating cycle. The operating cycle of a manufacturing unit is as

    under:

    WORK INPROGRESS

    CASH

    RAWMATERIAL

    FINISHEDGOODS

    ACCOUNTSRECEIVABLES

    PHASE 1PHASE 2

    PHASE 3

    PHASE 4

    PHASE 5

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    The main stages in the above operating cycle are- production, sales, and cash. There

    is a time gap between these stages. Thus, the firm needs working capital to finance these

    stages. It needs cash or capital to purchase raw materials and to meet production and other

    expenses. Similarly, stocks of finished goods are to be maintained to meet the continuing

    demand of the customers. When the goods are sold on credit the duration between sales

    and cash is widened and the firm has to maintain same level of debtors.

    Thus, an adequate amount of funds has to be invested in current assets for a

    smooth and uninterrupted production and sales activities. Because of the circulating

    nature of current assets, working capital is also called as circulating capital.

    1. Debtor Ratio

    This ratio shows numbers of days taken to collect the dues of credit sales. It shows

    the efficiency and collection policy of an enterprise.

    Average Debtors=Opening debtor + Closing debtor + B.R

    2

    Debtors Turnover Ratio=Credit Sales

    Average Debtors

    Debtors Velocity Ratio= 360

    Debtor Turnover Ratio

    =Days {ANS}

    The ratio is computed by dividing the amount of debtors and bills receivable by

    the average daily sales. The average daily sales are obtained by dividing the total annual

    sales by 365 days.

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    2. Creditors Ratio

    Creditors Ratio is reverse of the Debtors Ratio. It gives the number of

    days within which, the payments to the creditors for credits purchase is

    made.

    Average Creditor=Opening Creditor +Closing Creditor + B.P

    2

    Creditors turnover Ratio =Creditors Purchase

    Average Creditors

    Creditors Velocity Ratio =

    360

    Creditors Turnover Ratio

    Unlike debtors ratio, in this also the average daily purchases are computed first.

    The by dividing the amount of creditors and bills payable able by the average daily sales.

    Maharaja dehydration used of working capital management fixed assets and

    current assets are both managed efficiently.

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    (6) MANAGEMENT OF FIXED CAPITAL

    Every business unit requires certain amount of fixed or long term capital. Such

    capital is permanently invested in the business. It is required to purchase fixed assets like,

    plant, building, machinery, furniture, etc.

    The capital is required during the initial stage as manufacturing activities are just

    impossible without fixed assets. It is used to meet the long term requirements of the

    business. Fixed capital is also required for expansion and development, modernization

    and diversification of the business unit. The amount of fixed capital varies from unit to

    unit as per the requirement, size, nature of the industry, scale of operations, technology

    used by the unit and form of the unit.

    Fixed assets are collected through shares, ploughing back of profits and loansfrom financial institutions.

    Maharaja has invested crores of fixed capital as it is the very large scale business

    house. Being an HACCP Certified Company, it has introduced innovative processes in

    the areas of Inventory Management, Finance, Marketing and R & D. As a result of which,

    the Groups dependency on working capital assistance from Commercial banks is

    virtually nil.

    The main source of fixed capital is that they plough back their profits.

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    (7) CASH MANAGEMENT

    Cash is most important factor in financial management. It is also the most

    important current asset for the operation of the business. Every activity in an enterprise

    revolves round the cash. As because cash is limited in every enterprise and it cannot be

    raised as and when one likes it. It is, therefore, desirable that available cash must be

    managed properly.

    What is cash management?

    Every undertaken is desirous of utilizing the variable cash most effectively so as to

    accomplish the goal of the undertaking i.e., maximization of profits or wealth of the

    owners of capital with the minimum of efforts. But management of cash is not as simple

    as it appears. In case, the undertaking does not sufficient cash in hand, it may not be in aposition to meet the unexpected challenges that may bring down its credit market. On the

    other hand, if undertakings maintain excessive cash reserves to meet the challenges the

    excessive cash will remain idle in the business, contributing nothing towards the wealth

    of the firm. If heavy amount are blocked for unforeseen contingencies, the company will

    not be in a position to carry on its day-to-day working efficiently. It is where the real

    problem of cash management come, i.e., how much cash should be set aside for the

    unexpected challenges and how much for regular day-to-day working. Therefore, the aim

    of the cash management it is to maintain a sound cash position to keep the firm

    sufficiently liquid and to use the excessive cash if any, in some profitable way.

    It is really not an easy problem to solve. In fact, no hard and fast rules can be

    suggested for the problem. Ail the financial management can do in this regard, is to study

    the past records and take the necessary decision bearing in mind present economy

    circumstances and the behavior and practice of the sister concern.

    Cash Management is thus, concern with managing

    i. Cash flow into and out of the firm

    ii. Cash flows within the firm

    iii. Cash balance held by a firm at a point of time by financing deficit or investing

    surplus

    So, the management of cash assumes more importance because of the difficulties

    arising during predicting cash flow.

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    (8) Financial Planning

    In any field of business planning is a primary function of the management. An

    important executive function of the financial management is that of financial planning.

    He has to make a plan for capitol investment and also for and working for the ensuing

    year. The cash budget, being an integral part of the working capitol of the plan, has to

    prepare in detail. The financial management has to frame a long term plan of capitol

    investment also. The financial plan must be in conformity with the scheme of the

    expansion development of the business prepared by the top management in consolation

    with the production manager and sales manager of the unit. Any defect of imbalance in

    the long term of planning will put business into lot of difficult in future. To ensure thatfunds are properly utilized and effective control over their use is essential which also

    require planning. The control can be effectively exercised only by comparing the actual

    performance with standards in the plan.

    Maharaja Dehydration is long term financial planning.

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    BIBLIOGRAPHY

    1. Personnel Management text & cases, C.B.Mamoria & S.V.Gankar, Himalaya

    Publishing House, Mumbai.

    2. Marketing Management 11/e, Philip Kotler, Pearson Education.

    3. financial Management, S.P.Shah, J.M.Shah, Dr. Paresh P. Shah, Dr. P.K.Priyam,

    Dr. Hitesh Shukla, Mahajan Publishing House, Ahmedabad.

    King Book Nai Sarak, Delhi.

    4. www.maharajadehydration.com

    http://www.maharajadehydration.com/http://www.maharajadehydration.com/