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A PROJECT REPORT ON INDUSTRIAL VISIT AT SUBMITTED TO:- MR. PREMENDRA NAYAK (PRINCIPAL) PROJECT INCHARGE/ GUIDE: - PREPARED / SUBMITTED BY :- MR. PREMENDRA NAYAK DESAI JIGNESHKUMAR AMRUTLAL MR. SHAILESH M. PARMAR F.Y .B.B.A MR. HARESH D. PRAJAPATI ROLL NO.: EXAM SEAT NO.:

Abad Chemical Jagdish

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Page 1: Abad Chemical Jagdish

APROJECT REPORT

ONINDUSTRIAL VISIT

AT

SUBMITTED TO:-

MR. PREMENDRA NAYAK (PRINCIPAL)

PROJECT INCHARGE/ GUIDE: - PREPARED / SUBMITTED BY:-

MR. PREMENDRA NAYAK DESAI JIGNESHKUMAR AMRUTLAL

MR. SHAILESH M. PARMAR F.Y .B.B.A

MR. HARESH D. PRAJAPATI ROLL NO.:

EXAM SEAT NO.:

M. K. SCHOOL OF BUSINESS MANAGEMENT, PATAN

ACADEMIC YEAR: - 2009 - 2010

Page 2: Abad Chemical Jagdish

This is to certify that Mr. DESAI JIGNESHKUMAR

AMRUTLAL of first year BBA has satisfactorily conducted her

industrial visit in/at ABAD CHEMICAL LTD., ANKLESHWER.

She has prepared And submitted this project report to M. K.

SCHOOL OF BUSINESS MANAGEMENT, PATAN affiliated to

Hemchandracharya North Gujarat University, Patan in partial

fulfillment of requirement for the practical studies at/of F.Y.B.B.A.

programme.

Place: PATAN PROJECT INCHARGE/GUIDE

Date: / / Mr. PREMENDRA NAYAK

PRINCIPAL

Page 3: Abad Chemical Jagdish

Bachelor of Business Administration is the basic course for

management studies. In this course various aspects of a business are

covered.

In order to get a detailed in sight in the activities of a firm

theoretical as well as practical knowledge is necessary. for this

purpose. An “Industrial Visit” was undertaken by the student of first

year BBA programme.

The unit chosen for Industrial Visit “ABAD CHEMICALS

Ltd., ANKLESHWAR”. Here we undertook the visit of the

company and learned about various functions of the firm.

The various department visited by me were production

department, Marketing department, Finance department etc… On the

basis of the various information provided to us by the company and

other persons as well as sources has helped me a lot to prepare this

project report.

STUDENT NAME

DESAI JIGNESHKUMAR AMRUTLAL

Page 4: Abad Chemical Jagdish

I am very thankful to our principal Mr. PREMENDRA

NAYAK who was given us the permission for the visit.

I am very thankful Mr. PREMENDRA NAYAK who is also

our subject in charge at/of M. K. SCHOOL OF BUSINESS

MANAGEMENT, PATAN who provided us a provided us a very

guideline about the entire project.

I am also thankful to “ABAD CHEMICAL LTD.,

ANKLESHWAR” whom given us a career oriented chance to come

and learn from company. At lastly, I also express my heartily thanks

to my all-relative member, classmates who are a constant source of

encouragement to me.

STUDENT NAME

DESAI JIGNESHKUMAR AMRUTLAL

Page 5: Abad Chemical Jagdish

It is necessary to have practical knowledge before doing any

work because of today’s competitive world.

For the practical knowledge I have taken visit in “ABAD

CHEMICALS LTD., ANKLESHWAR”. Mainly in this report the

focus is on different department like as production department,

marketing department, personal department, financial department and

General Information relating to the organization.

I am overwhelmed with pleasure while presenting this report

on ABAD CHEMICALS Ltd., An oasis in the desert. The architect

of ABAD CHEMICALS Ltd., (Mr. BABUBHAI G. PATEL),

founder chaimen was a simple person with great farsightedness who

had a gream to provide respectable facilities to the people.

The ABAD CHAMICALS LTD., has mad its progressive

curve sky record rocket due to exemplary team work in all

department and accomplishment its formidable odyssey from

procurement of Chemical items to marketing.

Page 6: Abad Chemical Jagdish

Sr.No.

Particulars PageNo.

* PREFACE I

* ACKNOWLEDGEMENT II

* EXECUTIVE SUMMARY III

1 1.1 COMPANY OVERVIEW

2 2.1 PRODUCTION DEPARTMENT

3 3.1 RESEARCH AND DEVELOPMENT DEPARTMENT

4 4.1 MARKETING DEPARTMENT

5 5.1 SALES AND DISTRIBUTION DEPARTMENT

6 6.1 HUMAN RESOURCE DEPARTMENT

7 7.1 FINANCE DEPARTMENT

8 SOCIAL COMMITMENTS

9 ENVIRONMENT MANAGEMENT

10 ACHIEVEMENTS & AWARDS

11 CONCLUSION

12 BIBLIOGRAPHY

Page 7: Abad Chemical Jagdish

COMPANY OVERVIEW

THE PAST

The promoters Mr.Babubhai G. Patel, Mr.Dahyabhai M. Patel &

Bharatbhai D. Patel, established in 1987 first well equipped plant,M/S ABAD

CHEMICALS, manufacturing PIGMENT YELLOW & PIGMENT ORANGE

with capacity of 10 MT. per month.

In addition to the above, M/S ADVAITYA DYE CHEM has

been setup in 1989 with an additional capacity of 10 MT. PIGMENT

ORANGE per month.

M/S ARPIT INDUSTRIES started the production of

PIGMENT GREEN : 7 in 2000 with production capacity of 20 MT.

per month.

M/S AMITA CHEMICAL INDUSTRIES built up for

manufacturing of BLUE (ALFA) 15:1 & BLUE (BETA) with

capacity of 15MT. per month in 1993.

M/S KHATU SHREE CHEM established in 1995 for

manufacturing PIGMENT RED:3, RED 48:2, RED 53:1 & RED

57:1, with capacity of 10 MT. per month. 

Page 8: Abad Chemical Jagdish

PRESENT

M/s Abad Chemical

At Present M/s ABAD CHEMICAL increase its manufacturing

capacity up to 15 MT. per month & M/s ADVAITYA DYE

CHEMICALS up to 15 MT. The total manufacturing capacity of

group is 70 MT. per month.

At present, out of the total capacity , we export directly about

25%, through merchant exporters about 50% and our domestic sale is

about 25%, .

Page 9: Abad Chemical Jagdish

Future - BY 2010

The plan of group is increase direct export up to 100% of

production capacity. The well equipped plant of

PIGMENT

VIOLET:23 having capacity of 5 MT. per month is in

projection & will start its production before the end of

2010.

Page 10: Abad Chemical Jagdish
Page 11: Abad Chemical Jagdish

PRODUCT LIST

NAME OF PRODUCT C I NAMEC I

NUMBER

PIGMENT BLUE 15:0 PIGMENT BLUE 15:0 74160

PHTHALOCYANINE ALPHA BLUE PIGMENT BLUE 15:1 74160

PHTHALOCYANINE BETA BLUE PIGMENT BLUE 15:3 74160

PIGMENT BLUE 15:4 PIGMENT BLUE 15:4 74160

PHTHALOCYANINE GREEN-G PIGMENT GREEN : 7 74260

PIGMENT YELLOW-G PIGMENT YELLOW : 1 11680

PIGMENT YELLOW-10G PIGMENT YELLOW : 3 11710

PIGMENT YELLOW-AG PIGMENT YELLOW : 12 21090

PIGMENT YELLOW-ARX PIGMENT YELLOW : 13 21100

PIGMENT YELLOW-AGA PIGMENT YELLOW : 14 21095

PIGMENT YELLOW-GG PIGMENT YELLOW : 17 21105

PIGMENT YELLOW-62 PIGMENT YELLOW : 62 13940

PIGMENT YELLOW-65 PIGMENT YELLOW : 65 11740

PIGMENT YELLOW-74 PIGMENT YELLOW : 74 11741

PIGMENT YELLOW-AR PIGMENT YELLOW : 83 21108

PIGMENT YELLOW-ARL PIGMENT YELLOW : 127 21102

PIGMENT YELLOW 151 PIGMENT YELLOW : 151 13980

PIGMENT YELLOW 154 PIGMENT YELLOW : 154 11781

PIGMENT YELLOW 155 PIGMENT YELLOW : 155 200310

PIGMENT YELLOW-168 PIGMENT YELLOW : 168 13960

DINITRANILINE ORANGE PIGMENT ORANGE : 5 12075

PIGMENT ORANGE-G PIGMENT ORANGE : 13 21110

PIGMENT ORANGE 16 PIGMENT ORANGE 16 12355

PIGMENT ORANGE-GR PIGMENT ORANGE : 34 21115

PIGMENT NAPTHOL RED PIGMENT RED : 2 12310

PIGMENT TOLUDINE RED PIGMENT RED : 3 12120

Page 12: Abad Chemical Jagdish

PIGMENT RED TONER – R PIGMENT RED : 4 12085

PIGMENT RED F4R PIGMENT RED : 8 12335

PIGMENT BORDEAUX – B PIGMENT RED : 12 12385

PIGMENT RED 22 PIGMENT RED : 22 12315

PIGMENT RED 23 PIGMENT RED : 23 12355

PIGMENT RED 48:1 PIGMENT RED 48:1 15865:1

PIGMENT RED 2B TONER PIGMENT RED 48:2 15865:2

PIGMENT RED 48:3 PIGMENT RED 48:3 15865:3

PIGMENT RED 48:4 PIGMENT RED 48:4 15865:4

PIGMENT RED 49:1 PIGMENT RED 49:1 15630:1

PIGMENT RED 49:2 PIGMENT RED 49:2 15630:2

PIGMENT RED 52:1 PIGMENT RED 52:1 15860 : 1

PIGMENT RED 52:2 PIGMENT RED 52:2 15860 : 2

PIGMENT LACK RED- C PIGMENT RED 53:1 15585

PIGMENT RUBINE TONER PIGMENT RED 57:1 15850

PIGMENT RED 63:1 PIGMENT RED 63:1 15880:1

PIGMENT RED 63:2 PIGMENT RED 63:2 15880:2

PIGMENT FAST RED 4B PIGMENT RED 112 12370

PIGMENT RED 122 PIGMENT RED 122 73915

PIGMENT RED 146 PIGMENT RED 146 12485

PIGMENT RED 170 PIGMENT RED 170 12475

PIGMENT VIOLET : 19 PIGMENT VIOLET 19 73900

PIGMENT VIOLET : 23 PIGMENT VIOLET 23 51319

Page 13: Abad Chemical Jagdish

MANUFACTURING

Abad Group has six full fledge plants located at G.I.D.C -

ANKLESHWAR, GUJARAT - INDIA. Our employees are

experienced chemist and maintain the quality at every time. A

company has dedicated and local hard-working work force in plant

administration and in marketing.

Manufacturing Unit

Page 14: Abad Chemical Jagdish

Quick Quality Supply :

QQS (Quick Quality Supply) is a motto of the company. The

Company has well equipped laboratory of its own to test the product

and to have a check on quality.

Page 15: Abad Chemical Jagdish

Current Production CapacityThe Present Production Capacity of the Group is

1. Phthalocyanine Blue (Alfa & Beta) 180 MT. p.a.

2. Phthalocyanine Green - G 240 MT. p.a.

3. Yellow & Orange 300 MT. p.a.

4. Pigment Red 120 MT. p.a.

  Total 840 MT. p.a.

Page 16: Abad Chemical Jagdish

Location Map

Page 17: Abad Chemical Jagdish

Associate Companies

M/S ADVAITYA CHEMICALS - Yellow

M/S AVDHOOT PIGMENTS PVT. LTD. - Green

M/S AMITA CHEMICAL INDUSTRIES - Blue

M/S KHATU SHREE CHEM – Red

Page 18: Abad Chemical Jagdish

Contact Details

Mr.Bharat Patel

206, Parth Empire, Opp. Rambaug Police station

Maninagar, Ahmedabad - 380 008., Gujarat, India.

Phone: +91-79-25463580, 25464195

Fax   : +91-79-25464852  

Fact : Plot No. 4785, G.I.D.C Ankleshwar - 393002 , Gujarat, India.

Phone: +91-2646-251330 / 250146 / 224428.

Fax : +91-2646-250146

Page 19: Abad Chemical Jagdish
Page 20: Abad Chemical Jagdish

INTRODUCTION

R&D FACILITY

R&D PROCESS

Page 21: Abad Chemical Jagdish

INTRODUCTION

. Research/Technical library Process Development Laboratories Research

and Development centre at ABAD CHEMICALS. LTD. was formally set up in

1986. The R & D centre is recognized by DSIR, Ministry of Science and

Technology, Government of India in 1988 as an in house R & D unit. The

centre is manned by highly qualified team of scientists and technologists.

R&D FACILITY The R & D centre is equipped with modern sophisticated facilities and pilot

plants. Some of the facilities are:

R & D PROCESS

Methods Development Laboratories

. Sophisticated Instrumentation Facilities

. High Pressure Reactors

Page 22: Abad Chemical Jagdish

Research & Development

The company has a special Research and Development facility.

It gives the company a important edge for future growth activities. It

also represent a solid platform for any addition of new products and

other diversifications. It is due to this that company can offer constant

up gradation of the product .

Research and Development

Page 23: Abad Chemical Jagdish

RESEARCH & DEVELOPMENT

The company has a special Research and Development facility. It gives the

company a important edge for future growth activities. It also represent a solid

platform for any addition of new products and other diversifications. It is due to

this that company can offer constant up gradation of the product .

Page 24: Abad Chemical Jagdish

ABSOLUTE QUALITY CONTROL

Quality Control

Abad is well equipped with sophisticated machinery and

instruments. The manufacturing process is such that the end product

is flawless. The company take care of the quality standard. It uses

only the very best of raw material to give desired quality product . In

the processing of the product a double check is done at every stage of

manufacturing. In near future all the testing will be done in a

computerized network.

Page 25: Abad Chemical Jagdish
Page 26: Abad Chemical Jagdish

1. MEANING OF MARKETING DEPARTMENT.

2. MARKETING FUNCTION ANALYSIS.

3. DISTRIBUTION NETWORK.

4. MARKETING SAGMENTATION.

Page 27: Abad Chemical Jagdish

MEANING OF MARKETING DEPARTMENT

“Marketing is the process of planning and executing. The

concept of marketing is pricing, distributing of good and services and

ideas to create exchange that satisfy individual and organization

goals”

A social and managerial process by which an individual

and groups obtain what they need and want though creating and

exchanging products and value having with others.

Marketing is typically seen as the creating promotion

and delivering goods and service to customer and business. Mainly

the marketing of any company involves the different entries, their

goods, services, experiences, properties, organization’s information

and ideas. The product concepts hold also that the consumer will also

favour those products that offer the most quality performance and

innovative features.

Page 28: Abad Chemical Jagdish

MARKETING FUCTION ANALYSIS

Marketing is only function, which directly deals with

consumer. The heart of modern marketing is creating customer values

and satisfaction. The common definition of marketing is delivery of

customer satisfaction profit. The main goal of marketing is to attract

new consumer by providing superior values and to keep current

customer by delivery satisfaction.

Marketing is so basic that it can’t be consider a

separate function. It is the whole business seen from the viewpoint of

its final result that is from the customer viewpoint.

Marketing is the analysis planning implementation and

control of programmers designed to bring about desired exchanges

with target audiences for the purpose of personal mutual gain. It relies

heavily on the adoption and co-ordination of product, price,

promotion and place for achieving effective response.

Marketing is helpful for company to introduce its product in

the market and through marketing we can know that where our

product requires and we can develop the need of our product in the

different area through the ability and our skill to introduce our

Page 29: Abad Chemical Jagdish

product in the good way and we can make the customer to buy our

product.

In this company sales its product with the help of the

marketing department and through the best quality of product. This

company makes good quality of product so it has to spend fewer

amounts on the marketing department. This is pride for any company.

Page 30: Abad Chemical Jagdish

DISTRIBUTION NETWORK

Most producers work with marketing intermediaries to

bring their products to market. The marketing intermediaries make up

a marketing channel also called distribution channel.

Distribution channel are sets of interdependent

organization involved in the process of making a products or service

available for use or consumption.

A zero level of channel also called a direct marketing

channel consists of a manufacturer selling directly to the final

customers.

A one level of channel; contain one selling intermediary

such as retailer to the final customers. A two level channel two

intermediaries are typically wholesaler and retailer. A three level

channel are typically wholesaler, retailer and jobber in between.

Page 31: Abad Chemical Jagdish

MARKETING SEGMENTATION

Market segment is a very important function for the market

department of the ABAD CHEMICALS INDUSTRY. Because the

market consists of buyers different in any ways. They are different

their wants recourses, locating buying practices. Because buyers have

unique needs and wants each buyer is potentially separate market the

ABAD CHEMICALS INDUSTRY. Has segmented it’s marketed in

following variables.

Market segmentation is mainly divided into three level

described as under,

i. STATE LEVEL

ii. DISTRICT LEVEL

iii. INTERNATIONAL LEVEL

Page 32: Abad Chemical Jagdish
Page 33: Abad Chemical Jagdish

1. PRICING POLICY.

2. SALES, PROMOTION AND ADVERTISING.

3. PRODUCT PLANNING.

4. SALES AREA.

Page 34: Abad Chemical Jagdish

PRICING POLICIES:-

Company defines prices in accordance and Centralization of 3

factors.

(1)Raw material cost

(2)Transportation cost

(3)Cost of production

Where three factors are easily available and cheap. There

price of product will be less then others and where they are not

available at cheap rate there price Level will be grater than others.

In the Abad chemicals industry they purchase raw-material from

the foreign country and they try to make this amount less to reduce

the cost of product and make high profit.

Page 35: Abad Chemical Jagdish

MEANING OF PRICING:-

The amount of money charged for a product or service, on the

sum of the value that consumer exchange for the benefit of having the

product or service:

In general price is the amount of money charged for product or

service. Historically price has been the major factor affecting buyer’s

choice. Price is one of the flexible elements of the price mix.

Page 36: Abad Chemical Jagdish

SALES PROMOTION & ADVERTISING

Company promotes its sales by various ways like Advertising,

discounting, prices etc. Company has increased its sales easily by

advertising in news papers, magazines and sponsoring many

programmers.

SALES PROMOTION

Sale promotion is a key ingredient in marketing company.

Where advertising offer a reason to buy. Sales promotion offers an

incentive to buy.

OBJECTIVES OF SALES PROMOTION

To attract new tries

To increase repurchase rate of occasional users

To stimulate short term sales

To attract brand switchers

Page 37: Abad Chemical Jagdish

SALES PROMOTION TOOLS

1. Consumer Promotional Tools

2. Tread Promotional Tools

3. Business Promotion Tools

ADVERISTING

Advertising can be traced back to the very beginning of

recorded history. Any paid from of non-personal, presentation and

promotion of ideas good or service by an identified sponsor is known

as advertising. Adverting is very important tool to combat

competition.

Advertising can not require geographical area so it is better

in this way from the marketing. In the marketing we can not know the

customer’s need but we make customer to buy our product in other

words we attract customer to buy our product.

Page 38: Abad Chemical Jagdish

PRODUCT PLANNING

In any organization the managers of the firm has to

focus on marketing the superior products an improving them over

time. They have to assume that buyers admire well made products

and can appraise is the most important firm because if require the

quality improvement, performance of the chemicals ltd. at nearer

place.

Page 39: Abad Chemical Jagdish
Page 40: Abad Chemical Jagdish

MEANING OF PERSONNEL MANAGEMENT

EMPLOYEES RECRUITMENT AND SELECTION

WAGES AND SALARY

FACILITY TO THE EMPLOYEES

TRANING AND DEVELOPMENT

PERFORMANCE APPRAISAL

PROMOTION AND TRANSFER POLICY

WORKING TIME KEEPING SYSTEM

Page 41: Abad Chemical Jagdish

MENING OF PERSONNEL MANAGEMENT

The Management of People can be Said as a process

of your step getting preparing activity and keeping them the field

resources is a very complicated and challeing task for organization.

Personnel hold a key place in industry. the success

of Business aloes mainly began of to a large extend on the quality of

it’s personnel more over the growth of business on the Willingness

and ability can exit and function with out employees.

Page 42: Abad Chemical Jagdish

EMPLOYEES RECRUITMENT AND SELECTION

Recruitment and selection process are inter related. Both

plays very impotent roll in the development of the company if this

process could not work properly than company have to suffer losses

because if we appoint un-skilled employee than they makes loss of

the company.

These two processes have their own channel this channel

must be correct and good because developments of our company

depend on these two departments because if we have good finance,

good technology but we have not proper person to handle it than we

can not make profit and we have face loss. So, to avoid this loss we

have to make proper channel for this two process and we don’t have

to interfere in its process. These two processes are described as

below.

Page 43: Abad Chemical Jagdish

RECRUITMENT

Recruitment forms the first stage in the process which

continues with selection and cased with the placement of the

candidate recruitment makes it possible to acquire the number and

types of people necessary to ensure to continues operation of the

organization. Recruitment has been regarded as the most important

function of personal administration.

Page 44: Abad Chemical Jagdish

SOURCE OF RECRUITMENT:-

i. By giving advertisement in news paper.

ii. Labour union.

iii. Voluntary organization.

iv. Leasing contracts.

v. Privet employment agency.

vi. Govt. employment exchange.

vii. School, colleges, universities and professional institute.

viii. Recommendation of person employs.

ix. Recruitment as temporary workers.

x. Employment Exchange

xi. Reference from employees

xii. Unsolicited application

Page 45: Abad Chemical Jagdish

WAGES AND SALARY

Wages and salary both are different salary are only in terms of

money while wages are in terms of money and real wages.

Attendance is considered to be one of the major and important

factors responsible for the wages and salary administration.

Common method is followed for the wages and salary

administration the present catalogue record received form the time

keeping office. The present record is maintained to each employee in

the register which is known as master roll.

Time keeper sends this master roll to the account dept.

Attendance of each and every employee is analyzed and entered into

computer. The record is scrutinized and statutory and non-statutory

deductions are made after this salary is calculated for each employee

through computer.

The wages are paid in cash and also credited in corporate

salary a/c. Employee wages are deducting to grade of workers. Abad

chemicals industry gives salary to their employee according to their

work. Salary is different as their knowledge and work in the

company. Flow of salary is described as below.

Page 46: Abad Chemical Jagdish

BOTTOM LEVEL > MIDDLE LEVEL > TOP LEVEL

Page 47: Abad Chemical Jagdish

FACILITY TO THE EMPLOYEES:-

Training & Development

Statutory & Non Statutory facilities

Safety committee meeting in a month

Canteen committee in a month

ISO awareness training

Exit interview

Prize Distribution of top 10 students of the employee

Free medical check-up

Welfare activities

Canteen facility

Uniform facility

Education facility

Advance pay facility

Cold water facility

Personal accident policy

Entertainment facility

Bonus

Page 48: Abad Chemical Jagdish

TRAINING AND DEVELOPMENT

Training and management development are two separate

things. Training is required for persons working at operative level and

it required for increasing the knowledge and skills of employee. So

that they can perform their tasks in the best manner while

management development raters to the activities. Which take place in

order to improve the performance of the managerial level personals?

Training and management development contribute a lot in increasing

the productivity.

In this company workers are give training according to

their work and to introduce new technology training plays very

important roll in the development of the organization because through

training we can make our employee skill-full in our work and we

don’t have to appoint new employee for that.

Training is short-term process utilizing a systematic &

organized procedure by which non-managerial personnel learn

technical knowledge & skills for a definite purpose.

Page 49: Abad Chemical Jagdish

Abad chemicals industry follows following steps fro training.

Get identification of training needs from concerned head

Plan out training program

Preparing training calendar for year wise

Send training broachers to training head

Completion of nomination formalities

Lesion with Account head

Maintaining up to date records

Page 50: Abad Chemical Jagdish

PROMOTION AND TRANSFER POLICY

MR. ASHOKBHAI M PATEL who is working

with company in their plant they have done their work honesty and

they don’t have ego of their position so, due to this kind of nature

they are given promotion and he is handling the this plant on their self

and they also succeed in it today this plant is also famous and one of

the best chemicals company in the India. The success of this plant is

wholly belongs to MR. Ashok Patel who has perform his duty very

well with-out any ego of his position in the company.

Promotions on the transfer of an employee do a job. Which play more

money is one that carries some preferred status. In abad chemicals

industry mainly two promotions policy are taken.

a. Automatic promotion.

b. Merit cum seniority.

The promotion and transfer policy of this company is very

good they give promotion to their employee only on the basis of their

work and honesty.

There is a good example of this managing director

Page 51: Abad Chemical Jagdish

WORKING TIME KEEPING SYSTEM:-

In Every industry or Company time is just like there Good

“Time & Tide Waits for none” time keeping is the basic Necessary

for every industry or company. Thus a Good time keeping system

plays a vital role in Unit’s Efficiency and to achieving Objective

Both.

The Following time System is Adopted by the cement

Industry.

FOR OFFICE STAFF 9:00 Am To 1:00 Pm 2:00 Am To 6:00 Pm

FOR PRODUCTION DEPARTMENT

8:30 Am To 12:30 Pm 1:30 Pm To 5:30 Pm

For production Department to Recess time is 12:30Pm To 1:30Pm

Page 52: Abad Chemical Jagdish
Page 53: Abad Chemical Jagdish

1) Introduction

2) Organization of Financial Management

3) Financial Planning

4) Management of Fixed Assets

5) Capital Structure

6) Financial Analysis

Page 54: Abad Chemical Jagdish

FINANCE MANAGEMENT

INTRODUCTION :-

Financial management is that part of managerial activity

which is concerned with planning & controlling of the firm’s

financial resources. It is an applied branch of general

management. Chief duties of financial management are planning

& controlling of corporate finance. Financial management is

called upon to take three major decisions viz. Investment

decision, Financing & dividend decision. Financial management

involves the implementation of this three major decision. It is an

integrate part of over all management rather than a staff activity

concerned with fond raising operations with sound management

of financial resources. Business can not achieve its objectives &

may occur heavy losses.

During my visiting Abad Chemicals Ltd. I found separate

finance department to handle all activities of the unit regarding

auditing & accounting. Mr. Bharatbhai Patel (C.A) is the

financial manager of Abad Chemicals Ltd. who provided me

various information about finance.

Page 55: Abad Chemical Jagdish

In Abad chemicals Ltd. I found efficient & effective

organization structure. Finance department works under finance

manager. All activities of finance department are monitored by

finance manager of finance who works under managing director

of Abad chemicals Ltd. Chief accountant & accountant associate

works under finance manager.

ORGANIZATION OF FINANCIAL MANAGEMENT

MANAGING DIRECTOR

FINANCIAL MANAGER

ACCOUNTANT ASSISTANT

CHIEF ACCOUNTANT

Page 56: Abad Chemical Jagdish

FINANCE PLANNING

The process of estimating the funds requirements of a

firm & determining the sources of funds is called financial

planning.

It includes:-

1) Determination of the quantum of finance i.e. the amount

needed for implementing business plans.

2) The determination of the form & proportionate amount of

securities.

3) Laying down policies as to the administration of the

financial plans.

4) Estimation of the extent to which there requirement can

be get by internally generated funds & to extent

procurents of funds should be made.

Abad chemicals Ltd. considers all the above points in

formulating its financial planning.

Page 57: Abad Chemical Jagdish

MANAGEMENT OF FIXED ASSETS

Fixed assets represents economic resources are very

valuable for any firm. Possessive of fixed assets like building,

plant & machinery, vehicles etc. are very important for the

credibility of the firm.

Abad Chemicals Ltd. also has fixed assets, and for its

management. It has adopted straight line method for calculating

the depreciation of fixed assets.

CAPITAL STRUCTURE

Various means of finance, regarding the financial

structure of an enterprise. The capital structure of the firm

consist of its share capital, equity & preference both, its various

kinds of receives & surplus, secured as well as unsecured loans.

The capital structure of the enterprise is shown on the left hand

side of the balance sheet. The term capital structure is used to

represent the proportionate relationship

Page 58: Abad Chemical Jagdish
Page 59: Abad Chemical Jagdish

As a socialconsible Corporate, ABAD CHEMICALS undertake

various programmes for the socially under-privileged. Since

located within the vicinity of urban community, various social

activities for urban sector are undertaken

Health being a vital factor, ABAD CHEMICALS conducts

various medical camps in nearby villages like eye check-up

camps, blood donation camps, etc.

ABAD CHEMICALS has put street lights on village roads and

has constructed bus-stand and other facilities for nearby

villages.

ABAD CHEMICALS has constructed school & college

buildings, donated funds for library facility to the rural youth &

encourage young children for primary schooling

ABAD CHEMICALS organizes various sports camps to focus

on individual talent and foster greater camaraderie. ABAD

CHEMICALS also has job facility on sports quota for

upcoming youth talents

Page 60: Abad Chemical Jagdish

In order to create healthy environment, ABAD CHEMICALS

educates youth about the environment and safety measures &

cleanliness

Helping rural families remain self-reliant, ABAD

CHEMICALS has spearheaded Biogas as an alternative energy

source and has installed over 220 Biogas plants .

Ensuring better value for money, ABAD CHEMICALS

constantly gears itself towards boosting crop productivity and

recreating the Green Revolution in Gujarat.

As a responsible corporate, ABAD CHEMICALS continue

donating towards Chief Minister’s Relief Fund for natural

calamities.

ABAD CHEMICALS can proudly claim to have the highest

safety level and the lowest pollution level amongst similar

Industries

ABAD CHEMICALS has promoted many gardens circles and

assisted Barodians in maintenance of common infrastructure

Page 61: Abad Chemical Jagdish

2006 :- National Award for one of the best employers for

disabled persons

2007:- ICWAI National Award for Excellence in Cost

Management-2007

Page 62: Abad Chemical Jagdish

I visited the “ Abad chemicals “ for a period of 21

days. A response from even department to collect information to

helped me lot to quite experience old well as a management.

During my visit to the units, I had a

opportunities to meet most of the members of the company &

they provided me the information of their respective department.

I am very much thankful to “Abad Chemicals

company.” For courtly extended to me for getting information

from various department.

Page 63: Abad Chemical Jagdish

News Papers :-

-Times of India

-Business Standard

-D.N.A Money

Website/e.id

-http://www.advaityachem.com/

BOOKS :-

-G.S.I (GROWTH STRUCTURE OF INDUSTRIES)

-PRINCIPLE OF MANAGEMENT

-FORMS OF BUSINESS ORGANIZATION

-COMMUNICATION SKILLS- 1

Page 64: Abad Chemical Jagdish