Sei sulla pagina 1di 62

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT.

LTD

EXECUTIVE SUMMARY:
It is a great opportunity for me to carry the industry learning and exposure at standard international precision engineers private limited for fulfillment of MBA course. The endeavor of the project was mainly taken over the 4 weeks where I covered the area starting from the industry profile to survey giving findings, suggestion and conclusion about my topic. First one week the study was focused on the industry and the company profile and then move towards the different departments of the company. After the above learning I focused my study on the topic I choose organization study of standard international precision engineers pvt. Ltd. Finally suggestions and conclusion were made after careful survey. The global food landscape is rapidly evolving as consumer needs shift with changing lifestyle. Food habits and tastes are amalgamated in the global melting pot. Specialty fats belong to a unique category of fats made from all or any vegetable oils only such as water, rice bran , sunflower , sesame , palm oil , palmolein , blended with other ingredients such as water , salt , milk , with anti oxidants and other preservatives. Growing global demands for specialty fats has made the manufacture of these fats a very lucrative proposition for the edible oil refineries, however requires the right set of equipments and expertise in the field. At standard international, we engineer the complete processing plant, manufacture and supply equipments, commission at site, impart product know how and train the operators. Standard international precision engineers pvt. Ltd. Is 100% Shareholder Company. The shareholders are the owners of the organization. The organization is moving with IT era. Company has a good relationship between the employer and employees. The products are manufactured by keeping in mind the taste of customers. The company mainly focuses on people in international for marketing. Team work plays a vital role in the industry as all the departments in these organizations to work in synergy with the others in order to ensure that the product was supplies to the customer on time.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 1

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 2

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Introduction
An Organization is a social group which distributes tasks for a collective goal. The word itself is derived from the Greek word organon, itself derived from `organ` and it means a compartment for a particular job. There are a variety of legal types of organizations, including: corporations, governments, nongovernmental organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and universities. A hybrid organization is a body that operates in both the public sector and the private sector, simultaneously fulfilling public duties and developing commercial market activities. As a result the hybrid organization becomes a mixture of a government and a corporate organization. There are a variety of legal types of organizations, including: corporations, governments, non-governmental organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and universities. A hybrid organization is a body that operates in both the public sector and the private sector, simultaneously fulfilling public duties and developing commercial market activities. As a result the hybrid organization becomes a mixture of a government and a corporate organization. Management is interested in organization mainly from an instrumental point of view. For a company, organization is a means to an end to achieve its goals, which are to create value for its stakeholders (stockholders, employees, customers, suppliers, community) moreover, organizing is considered as the management function concerned with assigning tasks, grouping tasks into departments, and allocating resources to departments. An organization is defined by the elements that are part of it that belongs to the organization, its communication, its autonomy and its rules of action compared to outside events. By coordinated and planned cooperation of the elements, the organization is able to solve tasks that lie beyond the abilities of the single elements. The price paid by the elements is the limitation of the degrees of freedom of the elements. Advantages of organizations are enhancement, addition and extension. Disadvantages can be inertness and loss of interaction. The study of organizations includes a focus on optimizing organizational structure. According to management science, most human organizations fall roughly into four types:
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 3

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Pyramids or hierarchies, Committees or juries, Matrix organizations and Ecologies. A variety of methods are used in organizational studies. They include quantitative methods found in other social sciences such as multiple regression, non-parametric statistics, time series analysis, Metaanalysis and ANOVA. In addition, computer simulation in organizational studies has a long history in organizational studies. Qualitative methods are also used, such as ethnography, which involves direct participant observation, single and multiple case analysis, grounded theory approaches, and other historical methods.

OBJECTIVE OF STUDY To have a clear knowledge of what is an organization. To study the major factors that lead to structuring of the organization and how a good organization structure will enable in achieving the objectives effectively and efficiently. To study the various policies and procedures followed by an organization. To study the functions of various departments and their managers. To analyze the working system of each department. To understand and analyze the key result areas and key result activities of the company.

Research Methodology: Primary Data: Primary data was collected by detailed interaction with the managers and non-managerial staff of various departments. Secondary Data: Secondary data was obtained from the annual report of the company, from the website and from the journals.

Limitations of the Study Time allotted for the study was insufficient. A detailed study was not possible as certain areas of the organization were restricted. Difficulty in meeting with all the Top Level Officials.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 4

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 5

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Specialty fats (bakery shortening and margarine) belonging to a unique category of fats made from all or any vegetable oils only such as cotton seed , soya bean , rice bran , sunflower , sesame , palm oil , palmolein blended with other preservatives. Traditionally used as key ingredients in puffs and pastries , aerated and special biscuits , cake and cake toppings has seen a growing demand as substitutes for cocoa butter , milk fat , butter ect. With the supply of the original fat not able to meet the growing global demands. Growing global demands for the specialty fats as made the manufacture of these fats a very lucrative proposition for the edible oil refineries however requires the right set of equipments and expertise in the field. The demand for edible oils in India has shown a steady grow that a CAGR of 4.43% over the period from 2001 to 2011. The growth has been driven by improvement in per capita consumption, which in turn is attributable to rising income levels and living standards. However, the current per capita consumption levels of India (at 13.3 Kg/year for 2009-10) are lower than global averages (24 kg/year).1 The Indian edible oils market continues to be underpenetrated and given the positive macro and demographic fundamentals it has a favorable demand growth outlook over the medium-to-long term. In terms of volumes, palm oil, soya bean oil and mustard oil are the three largest consumed edible oils in India, with respective shares of 46%, 16% and 14% in total oil consumption in 2010. Given the high price consciousness and varied taste preferences of Indian consumers, ICRA expects these three oils to continue to account for the bulk of edible oil consumption in the country. There has been a significant gap between demand and supply of edible oil because of limited availability of oil seeds and shifting of acreage to other crops in the domestic market. This gap has been met through imports, which account for almost 45-50% of the total oil consumption. In H1OY2010-11,2 edible oil imports were observed to be the lowest in the last three years in view of improvement in domestic oilseed production. Notwithstanding that, ICRA expects the high dependence on imported oils to continue in the foreseeable future due to anticipated domestic supply constraints and the high cost competitiveness of imported oils. Refined and crude palm oil (CPO) have accounted for the major portion of edible oil imports in India (74% in OY2009-10) mainly due to their relatively low prices and ample availability. ICRA expects the dominance of palm oil in imports to continue in the near-to medium term. Given the high reliance on imports, domestic edible oil prices have largely been linked to international edible oil prices. After the decline in FY09, international edible oil prices remained at subdued levels during most part of FY10. The prices of major edible oils rose in H2FY11 on account of anticipated higher demand for bio-fuels, given the high crude oil prices as well as expected production shortfalls in palm oil production. Prices have, however, corrected and stabilized in recent months on account of better-than-expected CPO production from Indonesia/Malaysia during Feb-March 2011; demand rationing due to high prices in developing
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 6

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Countries suffering from high levels of food inflation besides the geopolitical situation in the Middle East and North Africa. The improved pricing levels for Oil Year (OY) 2011 as compared to OY2010 have provided some comfort to small/medium scale domestic solvent extractors and enabled relatively better capacity utilization levels. Over the near term, edible oil prices are expected to remain firm, considering the strong demand for alternative sources of energy like biofuelsin view of the continued rise in crude oil prices. The Indian edible oil industry is highly fragmented, with the presence of a large number of participants in the organized and unorganized sectors. This has resulted in severe competition and inherently thin profitability margins. Further, the profitability of market participants has also been vulnerable to risks emanating from weak harvests; commodity price volatility and fore movements. ICRA notes that while the share of branded oils segment has remained low over the years, it is poised for growth in view of rising income levels; uptrend in urbanization and increasing quality consciousness of Indian consumers. The Government of India has cut down import duties on edible oil since April 2008. The current duty differential between crude and refined oils stands at 7.5%, which provides protection to domestic refiners against competition from imported refined oils. Going forward, the industrys profitability is vulnerable to any reduction in this duty differential. From a business risk perspective, ICRA considers the flexibility to modify product portfolio as a key strength in a market characterized by commodity price volatility. Accordingly, players with a Diversified presence and exposure to the three major categories of oil, namely, palm oil, soyabeanoil and mustard oil, would be better positioned for growth as compared to players with single product concentration. Further, according to ICRA, the large-scale integrated players are better placed than small and mid-sized manufacturers to withstand the challenges in the business Environment on the strength of benefits related to economies of scale such as marginally lower cost of production and access to cheaper working capital credit. From the perspective of revenue growth and profitability, market participants with a high share of established branded products are better placed than participants operating in the commoditized bulk market. In the recent past, the Indian edible oil industry has witnessed organic and inorganic expansion by some of its major participants. While ICRA views the increase in scale as a credit positive, the impact of these cape activities on the capital structure and the ability to scale up revenues and profitability to the envisaged extent will be some of the variables to be closely observed from accredit perspective.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 7

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BACKGROUND Edible oils constitute an important component of food expenditure in Indian households. Historically, India has been a major importer of edible oils with almost 30-40% of its requirements being imported Till 1980s. In 1986, the Government of India established the Technology Mission on Oilseeds and Pulses (TMOP) in order to enhance the production of oilseeds in the country. The TMOP launched Special initiatives on several critical fronts such as improvement of oilseed production and processing Technology; additional support to oilseed farmers and processors besides enhanced customs duty on the import of edible oils. Consequently, there was a significant increase in oilseeds area, production, and yields until the late-1990s. However, in order to fulfill its obligations towards various international Trade agreements and also meet the increasing demand-supply deficits, India began to reduce import restrictions on edible oils in the late 1990s; and it was gradually brought under Open General License. This led to a significant slump in the domestic oil seeds market, as edible oil prices fell sharply in line With the low international prices prevailing at that time. Subsequently, the duty structure was modified so as to maintain a duty differential between crude and refined varieties in order to protect the domestic industry. Nevertheless, due to high import dependence, domestic edible oil prices remain highly correlated to international edible oil price movement, and this has resulted in volatility in the key credit metrics of rated edible oil companies. At the same time, ICRA notes that edible oil companies with benefits of large-scale integrated operations, multi-product offerings and recognizable branded presence in retail markets have fared better as compared to small/medium-scale domestic oilseed Crushers. KEY TRENDS & CREDIT IMPLICATIONS Favorable demand outlook for edible oils; underpenetrated market offers significant growth Potential: The demand for edible oils in India has shown a compounded growth of 4.5% over the last 10 years and is estimated at 16.2 million tones for Oil Year (OY) 2010-11. India plays an important role in the global edible oil market, accounting for approx. 10.2% share of consumption; 7% share of oilseed production; 5% share of edible oil production and 13.6% share of world edible oil imports for OY2009-10. As per USDA estimates, India is the third largest consumer of edible oils (after China and the EU-27 countries); and will account for 11% of global edible oil demand and 16% of global imports in OY 2010/11F.Indias annual per capita consumption has shown a steadily increasing trend from 4 kg in the 1970s to10.2 kg in the late 1990s to current levels of ~13.5 - 14 kg. However, it still ranks well below the world average of around 24 kg (per capita figures including consumption of bio-energy), thereby signifying the high growth potential of the industry. Refer Charts 1 and 2 for trend in domestic demand and percapita consumption of edible oils in India.
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 8

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

According to ICRA, the medium-to-long term demand outlook for edible oils in India is favorable(with expected growth in the vicinity of 4-5% p.a.), catalyzed by the growing population and expected increase in per capita consumption which in turn would be driven by changing lifestyles; growing Urbanization; increasing proportion of middle class population and steadily rising affluence levels. Domestic production lags demand growth, thereby leading to heavy reliance on imports : As compared to demand growth for edible oils, the domestic oil and oilseed production has remained largely stagnant on account of low productivity in under-irrigated areas and shifting of acreage from oilseeds to other crops. This has resulted in a significant demand-supply gap, which has been met through imports which have been further incentivized by a sharp cut in import duties. In the period from 2001 to 2008, import duties on crudesoyabean oil / palm oil were in a prohibitively high range of 40%-90%. In order to curtail inflation, Govt revised these protectionist tariffs downwards to 7.5% for refined palm / soybean oil and 0% for crude palm / soybean oil in April 2008, resulting in a surge involutes of imported oils that currently meet almost 45-50% of domestic consumption requirements. Reduction in import volumes witnessed for the first time in the last three years during H1OY2010-11; nonetheless, high dependence on imported oils is expected to continue. Edible oil imports witnessed a sizeable 21% y-o-y reduction in H1 OY2010-11 (November 2010- April 2011), as can be observed in Chart 4. This has largely been on account of relatively higher domestic oilseed availability (~29-30 MT expected for OY2011 as against 24.9 MT for OY2010) and consequently higher domestic oil production. The high crude palm oil prices (trading almost at par with soya during December 2010- February 2011), following concerns over production estimates in Malaysia, also resulted in lower imports, as edible oil players resorted to running down of inventory levels. The subsequent improvement in estimates of palm oil production has led to some correction in prices, which coupled with forthcoming festive demand is likely to revive import volumes in H2OY2011. Considering the current year domestic edible oil supply of 8.0-8.5 million tonnes per annum and factoring a normal growth of 2%-3% (through moderate expansion in cultivated area and yield improvements) in supply, ICRA expects the significant gap between domestic demand and supply to persist; and result in continued import dependence for at least 45% of consumption requirements, notwithstanding the dip in imports seen in H1OY2011. Apart from price, consumption is also influenced by regional preferences; palm, soya bean and mustard oil are the three major edible oils. An important characteristic of the Indian edible oil consumption pattern is the variation in preferences across regions, driven by taste and availability. For instance, soya bean oil is mainly used in northern and central regions of India due to the local availability of soya beans. Mustard oil is largely consumed in north-eastern, northern and eastern regions of India, as its pungency is a desired and inherent part of the local cuisine. Palm oil has increasingly become the oil of choice in southern India due to the warmer climate (palm oil gets a cloudy appearance in colder climates) and easy availability from South-east Asia.
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 9

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

The increased health awareness also determines the consumption pattern with mustard and soya considered healthier than palm oil, which has higher levels of saturated fats. Oils like rice bran and olive are also gaining popularity due their consumption remains fairly low in absolute important role to play in determining consumer choice, given that expenditure on edible oil household budget. In terms of volume, palm, soya bean and mustard/rapeseed oil are the three major edible oils consumed in India and together account for 75% of the total edible oil demand, as indicated in Chart 5. While mustard oil is almost entirely produced within the country, soya bean oil is imported in significant quantities (about 45%-50%). Palm oil is entirely imported in crude form for refining in port based refineries while some quantities are also imported in the refined form. Given the cost economics and taste preferences of consumers, ICRA expects these three varieties of an exposure to these oil varieties stand to benefit. Given the inherent volatility in prices, ICRA believes that participants with a diversified presence across edible oil categories would be better placed than participants focused on a single variety of oil, due to the flexibility to modify product portfolio in line with market parity and maintain optimum capacity utilization levels. High fragmentation and competition put margins of domestic participants under pressure: The edible oil industry in India is characterized by intense competition and fragmentation, with the presence of a large number of units attributable to low entry barriers such as low capital and low technical requirements of the business and a liberal policy regime (SSI reservation for traditional Oilseeds and sales tax incentives by various state governments). While a number of inefficient units closed down after reduction of high import tariffs on imported edible oils, the average capacity utilization rates of Indian oilseed processors remain very low (at ~30%-40%), with many of them Operating only for a part of the year, that is, during the local harvest season of raw materials. As a result of this high competition and fragmentation, margins in the edible oil business tend to be thin. Further, they are exposed to risks of commodity price volatility and forex movements. Notwithstanding the above, the market includes some large industry participants like Marico Limited, Cargill India Private Limited, Adani Wilmar Limited, Ruchi Soya Industries Limited and KS Oils Limited, which have a diversified product portfolio; multiple manufacturing units and operate on a pan India basis mainly in the branded segment. ICRA believes that the larger manufacturers by virtue of their scale enjoy certain advantages like access to cheaper working capital credit and savings in cost of production, which make them relatively better positioned to withstand margin pressures and difficult industry conditions. Strong linkage between domestic and international edible oil prices:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 10

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

The domestic edible prices are directly linked to the prices of imported palm and soya bean oil due to heavy reliance on imports and substitutability amongst oil varieties. Given the high volatility in international edible oil prices, domestic participants are exposed to the risk of unexpected squeeze on margins due to pricing mismatches between raw materials (which are linked to domestic factors) and final product prices (affected by global factors).The international prices of edible oils increased sharply and reached their peaks around June 2008, driven by high crude oil prices that led to the diversion of edible oilseeds to bio-fuel usages apart from other shortages in supply. In August 2008, edible oil prices in local and international markets fell by more than 50% (month-on-month) because of a drop in crude oil prices; falling demand on account of global recession and healthy production figures. The prices remained volatile during FY10 with only amarginal recovery but remained lower than the peak average of FY09 on an overall basis. In recent months, edible oil prices have shown significant recovery, following increasing crude oil prices; anticipated increase in bio-fuel demand; expected production shortages for CPO production in Malaysia/Indonesia and growing demand. There is also a noticeable trend of reduction in differential between palm oil and other edible oils, especially soya bean and rapeseed oils. Given the likelihood of sustained high crude oil prices in the near term, ICRA believes that edible oil prices would continue to Industry remains vulnerable to the risk of narrowing import duty differential:

Beginning 2007-08, there has been a progressive reduction in import duties on crude and refines edible oils. Most of these policy changes have been made in order to comply with foreign trade agreements entered by India with other countries and associations such as ASEAN apart from meeting shortfalls in domestic supplies and curtailing inflation. In the last round of changes in duty Structure (April 2008), the duty on crude palm oil was made nil while that on refined palm oil was made 7.5% (7.7% including education cess), with the net duty differential being maintained at 7.5% to protect the domestic industry.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 11

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 12

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

COMPANY

: STANDARD INTERNATIONAL PRECISION ENGINEERS PVT. LTD.

ADDRESS

: A-169,4th CROSS, 1st STAGE, PEENYA INDUSTRIAL AREA, BANGALORE, 56OO58

TELEPHONE NO.

: 080 41272891

FAX

: 080-41272892

DIRECTOR

: MR.ASHOK G SHANBHAG

BUSINESS ACTIVITY LEGAL FORM

: EDIBLE OIL MACHINERY : A GOVERNMENT OF KARNATAKA UNDERTAKING : 1993

ESTABLISHED IN

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 13

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

STANDARD INTERNATIONAL PRECISION ENGINEERS PVT.LTD. An ISO 9001:2000 certified company, popularly known as STANDARD INTERNATIONAL, brings to you, customs builds products made to clinical precision and meeting international standards like ANSI/ASME/ISO ect. It also takes up on a turnkey basis, the complete design, fabrication, installation and commissioning of the entire plant supported by excellent after sales service. STANDARD INTERNATIONAL PRECISION ENGINEERS PVT.LTD. is one of the leading manufacturer of bakery shortening and margarine plants in India with over 100 installation in India and abroad in a short span of ten years. Surface scraped heat exchanger is the heart of the solution provided in the form of a design, manufacture and installation of the complete plant on a turnkey basis with some of the best selling brands in India and abroad, company proud of having serviced clients such as bunged india, unilever srilanka, bidco Kenya, adani wilmar, india has a few of our many prestigious clients. STANDARD INTERNATIONAL started as a fledgling unit in a 1993, as grown phenomenally over the years. Today, it has a commanding presence, having internationally renowned clientele. It is a company totally committed to customer satisfaction through quality and reliability. Keeping abreast with the latest technologies and effectively using it to produce world class range of products has been constant Endeavour of STANDARD INTERNATIONAL. At STANDARD INTERNATIONAL, a highly motivated team of engineers and technocrats, highly skilled operators and dedicated workmen supplemented by a panel of consultants are ably supported by vendors and suppliers. Mr. ASHOK G SHANBHAG, as president and managing director of standards international makes optimum use of his vast experience gained at several prestigious organizations both in India and abroad to produce world class equipments to suit the most advanced and modern global technology. STANDARD INTERNATIONAL specializes in design, research and development, project engineering , P&I diagrams, data sheets, plant layout, specifications of various equipments static and rotary-skid mounted equipments-modules/ packages/ systems with associated piping, electrical and electronic automation, fabrication, manufacture, installation and commoissiong at site etc. some of the key areas where the company has made significant achievements are listed below. Food and beverage industries
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 14

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD


Pharmaceutical industries Biotech industries Dairy industries Chemical industries Fertilizers industries Gas industries Electrical industries Electronic industries Aircrafts industries Petrochemicals industries Off shore projects Hardware engineering

Ever since its inception , standard international as constantly stayed ahead of competition in the global scenario with a strong research and development network and adoption of quality policy. Standard international has commanding presence with state of the art technology in the fallowing areas. Skid mounted equipments / modules / packages / systems, original tailor made equipments (bio reactors, strainers , pressure vessels , filter housings , chromatography columns ), design , sizing , plant layout , isometric, fabrication , installation , commissioning of industrial piping. Equipments and plants (mainly sinitators and crystallizers) for bakery shortening, vanaspathi & margarine.

SERVICES: Complete automation of the plant using SCADA and PLC Formulation of the recipes to suit market needs Manufacture of the fat for R&D in our pilot plant in Bangalore, India Laboratory facilities including NMR analysis of the product produced in the pilot plant Manufacture of the preproduction market testing Reconditioning of old brick packing machines ects. Infrastructure:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 15

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD


Standard international precision engineers pvt. Ltd. has provided necessary infrastructure, which includes buildings, workplace and equipment needed for Processing such as plant and machinery, material handling equipment and measuring instruments. The work area will be arranged as per the different stages of work. The necessary equipments needed for the work will be placed in the required stage. The raw materials will enter through one end and the finished products will move from the other Building:

The factory building is situated at a plot measuring 24,000 sq. feet. The work area comprises of a built up area of 50,000 sq. feet. The building has basement which houses stores and machine shop in the ground floor, with packing area and change rooms. The first floor and the second floor houses production facility and the third floor have the office. The marketing department, administrating department, accounts department and after sales service departments are housed in this office.

Vision and mission statements

We are committed to continuously improving our process , products , services and relationships to the delight of our customers through innovation , enhanced competencies and employee motivation with due regard to the society.

Mission of standard international precision engineers pvt. Ltd. R & D facility:

Value addition by adopting innovation, new technologies and continuous product development is the hallmark of their R & D efforts. They have a dedicated in-house R & D facility for product innovation and design. Highly qualified and experienced technical personnel are involved in understanding market requirements in terms of quality, performance and userBANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 16

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

friendliness, and to carryout necessary improvements in product design. Working prototypes are made and subjected to stringent quality tests before taking up for commercial production.

MISSION, OBJECTIVES AND STRATEGIES Like every company or organization standard international precision engineers pvt. Ltd. has set itself some goals or targets which it strives to accomplish. The company has set strategies to achieve the goals set and make it the basic objective of the company to achieve its set goals. To be the Brand of the first choice. To design, manufacture and market high quality products on time and at the lowest cost. To be one of the Top edible oil machinery manufactured Company in India. To be a national player.

Objective of standard international precision engineers pvt. Ltd. To become the most admired edible oil machinery Company in India. To maximize its sales and profits. To replace the usage of old brick packing machines etc..

Strategies of standard international precision engineers pvt. Ltd.

Putting up a booth at trade shows to encourage drop bys. Inviting current customers to suggest the names of prospects. Contacting the organizations and associations where the prospect belongs. Using telephone, mail and internet to find leads. Cultivating other referral sources as suppliers, dealers and non competing sales representatives..

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 17

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

MAJOR CLIENTS: Eight plants commissioned for Bunge India pvt.ltd. Earlier (m/s Hindustan lever ltd.)In trichy, bundi and pondichery including a pilot plant for research and development. Twelve plants commissioned for adani Wilmer ltd. In locations mundra, Kakinada, Mangalore, krishnapattanam, tuticorine. Fourteen plants commissioned for m/s ruche soya ltd. In over six location in India Five plants commissioned at m/s foods facts and fertilizers ltd. Five automatic commissioned in Kenya BIDKO Oil industries Uganda and Tanzania Fully automatic SCADA controlled plant for southern refineries ltd. Mozambique and JVL agro industries ltd. Kolkata. Three plants successfully commissioned for NMK industries, srilanka 45 gram sachet filling machine successfully commissioned at unilever srilanka Fully automatic batching system with other accessories supplied and commissioned at m/s areej vegetables oils and deri. Three plants successfully commissioned for m/s Gemini edibles and fats pvt. Ltd. In Kakinada and krishnapattanam.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 18

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 19

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Managing Director (MD) DGM

Finance dept
Accountant

MarketingDep t

HR Dept

Production Dept

Purchase dept

Quality control dept

Dispatch dept

Executiv es workers

Assis. hr worker s

Ass. pm

assistant

assistant

assista nt workers

Account Assistance Account Clerk

workers

workers

workers

helpers

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 20

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Organizational structure refers to the basic hierarchical procedure in which the organization carries out their business and accompanying baggage that shows whose tasks are divided and integrated. Pascal and Athos in their book The Art of Japanese Management says that Organization structure emphasizes that the quality of management depends on the goodness of which amongst all those key managerial dimensions.

OVERALL ORGANISATION STRUCTURE:

The organization objective and strategies have direct bearing on the organization structure. It is visualized that edible oil machinery has the following strategic goals: To provide high quality products. To satisfied customer needs through well designed strategies. To mobilize the resources from external and internal sources and to develop long term financial plans, capital investment and profit plans. To develop policies governing organization design, compensation, human resources development, human relations and human resource retention.

The procedures, processes and routines that characterize how the work should be done: financial systems; recruiting, promotion and performance appraisal systems; information systems.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 21

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

SHARED VALUES: CalledSuper ordinate Goals When the model was first developed, these are the core values of the company that are evidence in the corporate culture and the general work ethic.

STYLE: The style of leadership adopted

STRATEGY: The plan devised to maintain and build competitive advantage over the competition

STAFF: The employees and their general capabilities

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 22

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

SKILLS The actual skills and competencies of the employees working for the company

STRUCTURE: The way the organization is structured and who reports to whom SYSTEMS: The daily activities and the procedures that the staff members engage in to get the job done.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 23

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 24

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

The company offering in the manufacture of specialty fats include, Sinitators Crystallizers Resting tube Processing tank Double jacketed bag filters Pasteurizers Hot water generation skids nitrogen dozing units Homogening valves Auto batch weighing systems Twin head filling stations Block packing machines Sachet filling machines Tub filling machines Complete CIP machines Power panels Pilot plants

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 25

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

SENITATORS: (SSHE )

CRYSTALIZERS.

Company manufacture, export and supply range of industrial crystallizer that are used in refinery plants for dewaxing of oils like sunflower and palm oils. These industrial crystallizers deliver excellent result owing to implementation of cutting-edge technology in their manufacture. The mechanically advanced industrial crystallizers are capable of producing superior quality crystals. Their heavy duty construction and cost effectiveness makes them applicable in various industries.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 26

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Resting tubes

The resting phase is one of the most important phases of the production cycle, as this is where the final crystal structure is given time to settle and develop the desired consistency prior to packaging. In this phase a well-designed resting tube can contribute significantly to give your products a unique character. Company resting tube helps to ensure that your customers achieve excellent results whenever they use your products. After all, it is the texture of the product that determines the way the margarine performs a resting tube is mandatory for consistency and high product performance for packed products, especially table, cake and puff pastry margarine. The GS resting tubes are fully compatible with a wide range of different packing machine brands.

Edible Oil Processing Equipment

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 27

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

SIPEPL in association with its supporting manufacturers, supported by reputed consultants and experienced oil technologists, offer the state of art equipment and plants from concept to commissioning:

Oil Seeds handling and Oil Mills Continuous De-gumming Continuous Neutralization Continuous and Batch Bleaching Continuous and Batch Deodorizing Physical refining Dry Fractionation of Palm Oil Hydrogenated Oil Plant De-waxing Soap Stock Acidulation Fat Splitting and Stearic Acid Solvent Extraction Plants

Companies Team has a vast experience in the physical refining of various kinds of vegetable oils, which includes palm, palm oil, palm kernel, soybean, rice bran and cottonseed oil. company offer a proven technology that is the best, simple and user friendly to achieve maximum color and FFA reduction with optimum performance and quality parameters of finished product.

EDIBLE OIL PROCESSING EQUIPMENTS:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 28

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

DOUBLE JACKET KETTLE: Double Jacket Kettle is one of the fruit and vegetable processing machines used for mixing of ingredients with the pulp of fruit with simultaneous heating.

PASTEURIZERS:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 29

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Customers of company can also avail from us Pasteurizers that is provided with quick release steel agitator, which is fully detachable. Our range of Pasteurizers is also available with an automatic cycle that restarts in case electrical supply failure. This array of Pasteurizers is made in stainless steel as per the requisite quality standards in addition to this, we also provide as per the specifications and requirements of our clients. AUTOMATIC WEIGHING MACHINE:

Company is one of the renowned manufacturers and exporters of a range of automatic weighing systems. These machines are manufactured using the finest quality raw materials procured from the trustworthy vendors in the market. Our range of automatic weighing machines are greatly admired and appreciated by our clients for its sturdy construction, durability and easy to operate features. Features: * Weighing Range: 20 Kg to 100 Kg * Micro Processor Controller: Imported

TWIN HEADING FILLING STATION:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 30

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Silent Features: * Simple in Design * Easy to Operate * Low Power Consumption & Maintenance Free * Highly Accurate * Range: 5ml. to 1000ml. * Speed: 300 to 1500 Fils/Hour * Packing Material: Bottles, Jars & Pouches EDIBLE OIL PACKING MACHINE:

This Machine can pack edible Oil in Centre Sealed Pouches made Of L.D.P.E Laminated Fil Fully automatic, compact and Robust machine. Simplified operation and low maintenance Top quality components and best workmanship All parts are made of food grade Stainless steel Fast changeover of pouch size and filling volume Photoelectric mark registration system for precise cutting and sealing of the pouches can be provided Can be custom-made to suit specific requirements

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 31

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

TUBE FILLING MACHINE:

Overview of the Equipments * Body Structure of SS 304 and contact parts in SS 316 * Machine is Useful for any kind of Paste / Gel / Semi Liquid Products * Suitable for Laminated & Aluminium Tube * Automatic Loading & Unloading operations. * Volume can be fill from 10 ml to 300 ml * Machines runs at the speed of 120 to 150 Tubes per Minute * Crimping & Sealing online * Online Batch Coding can be integrated. * Mechanically driven machine, * Built on Angles & Mounting plates in M.S. duly powder coated & Cladded. SACHET PACKING MACHINE:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 32

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Application

Edible Oil Granules Dal Powders

Application Automatic packaging of granule, liquids, pastes, powder etc. in formed pouch for the food, pharmaceutical, chemical and other industries. Standard Feature

The machine can automatically complete the products measuring, conveying and feeding, filling and bag forming, date code printing, bag sealing and cutting. Servo-motor control bag pulling system. High precision fiber optic photo sensor control, PLC control system. Preloaded operation menu on 5.7" touch screen, can easily set and change the packing parameter, displays daily product.

Optional Parts Shaped pouch forming device Gusset pouch forming device Date code printer Sachet header hole punch Optional Measuring Filler Volumetric cup filler Electrical weighing filler Vibratory counting filler Piston filler for viscous pastes TECHNICAL DATA Measuring Range (ml,gm) Bag Length (mm) Bag Width (mm) Speed (Bag/min)

0.5-1000 20-600 10-350 15-50

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 33

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

CIP SYSTEM

In the brewer and beverage industry, proper and careful cleaning of the equipment is essential. A correct cleaning process ensures the high quality of your products. CIP (Cleaning in Place) is this premium process. CIP guarantees optimum cleaning of your equipment. The CIP process runs in a closed cycle, eliminating contamination from the outside environment. Key elements in CIP units are the tanks containing the cleaning detergents. These detergents are usually low concentrations of caustic, acid or detergents, used cold or hot. The other tanks are water tanks used for fresh water, reclaimed water, hot water etc.
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 34

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Holvriekas CIP units are standard or tailor-made to suit your specific needs without exceeding them. Our specialists have extensive experience in configuration of manual, semiautomatic or full-automatic CIP units. We are capable to meet all your specific demands.

SKID MOUNTED EQUIPMENTS:

FOOD & BEVERGE EQUIPMENTS: PIPING AND COMMISSIONG:

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 35

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 36

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

DEPARTMENTALIZATION Departmentalization means dividing the functions with their identity to carry out with advantages of division of labor and specialization. A department is a division, branch, regiment or some other organizational unit, over which manager has authority for performance of task thus departmentalization is the process of dividing organization task into manageable unit, the department is composed various managerial position and relationship to each other for achievement of organizational goal. The major function can be divided into,

Finance Department Human resources Department Marketing Department Production Department Quality Control Department Purchase department

MERITS OF FUNCTIONAL ORGANISATION

1. SPECIALIZATION- Better division of labor takes place which results in specialization of function and its consequent benefit. 2. EFFECTIVE CONTROL- Management control is simplified as the mental functions are separated from manual functions. Checks and balances keep the authority within certain limits. Specialists may be asked to judge the performance of various sections. 3. EFFICIENCY- Greater efficiency is achieved because of every function performing a limited number of functions.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 37

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

4. ECONOMY- Specialization compiled with standardization facilitates maximum production and economical costs. 5. EXPANSION- Expert knowledge of functional manager facilitates better control and supervision

DEMERITS OF FUNCTIONAL ORGANISATION

1. CONFUSION- The functional system is quite complicated to put into operation, especially when it is carried out at low levels. Therefore, co- ordination becomes difficult. 2. LACK OF CO-ORDINATION- Disciplinary control becomes weak as a worker is commanded not by one person but a large number of people. Thus, there is no unity of command. 3. DIFFICULTY IN FIXING RESPONSIBILITY- Because of multiple authorities, it is difficult to fix responsibility. 4. CONFLICTS- There may be conflicts among the supervisory staff of equal ranks. They may not agree on certain issues. 5. COSTLY- Maintenance of specialists staff of the highest order is expensive for a concern.

FINANCE DEPARTMENT :

Organization require finance department to maintain certain function such as budgeting, auditing, payment of bills, recovery of the dues and accounting of the organization. This department is concerned with decision regarding capital budget, structure and working capital management. Capital budget plan to invest in building and machinery equipments and R&D etc. Capital structure once decision taken to invest projects it has to figure out ways to finance them. Working capital management is concerned with short term financial management i.e. day to day planning.
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 38

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

OBJECTIVES

Financing and mobilization of cash Provide up to date account of all activities. To protect financial interest of company. Exercise cost control and cost reduction technique. Control for inflow and outflow of cash

FUNCTIONS

To send the report to the office To look into the payment of salaries In charge of record keeping Day to day super vision of account staff Responsible for checking/payment of supplier bills To prepare annual inventory, audit.

STRUCTURE OF FINANCE DEPARTMENT

General manager

Accounts officer

Accounts assistance

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 39

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

FINANCE MANAGER

The finance manager occupies an important and central position in the overall management of the organization. He is incharge of the funds of the enterprises and their investment. He decides the amount of capitalization, capital structure and investment pattern. PREPARATION OF ACCOUNTS There are different types of accounting statement and accounts prepared by this department . The main accounting statements includes 1. Trading and profit and loss account 2. Balance sheet 3. Bank reconciliation statement 4. Income tax assessment is done at the end of the every financial year

AUDIT

The fallowing types of audits are done in the firm. 1. Internal audit- it is dined every three months 2. Statutory audit- it is compulsory audit to be done according companies act. It is done yearly twice 3. External audit it is done every six months

TYPES OF SOFTWARE FOR ACCOUNTING PROCEDURE

The software which is used for the purpose of accounts they use Tally software of which covers all recent updates accounting standards and also tally software of 9 version covers VAT concept which marks very easy for company to fill the tax according rules and regulation.
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 40

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

2. DEPRECIATION

Depreciation on fixed assets has been calculated on the straight line method at The rates specified in schedule XIV of the companies Act 1956.

3. INVENTORIES Raw materials & work in process are valued at cost. Finished goods are valued at cost or net realizable value whichever is less 4. INVESTMENT Investments are valued at cost.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 41

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

HR DEPARTMENT

Human resource is the most basic form of resource which is of utmost necessity for the functioning of any business firm, unit, factory, plant or organization. An organization is incomplete without the human resource; all the activities of the organization are initiated and completed by the persons who make up the organizations. Meaning & Definition of H.R.M H.R.M that field of management which has to do with planning, organising, directing, controlling, the functions of procuring developing, maintaing &utilizing the human resources. -Michale j. jucius

STRUCTURE OF HR DEPARTMENT IN SIPEPL HR manager

Assistant HR mngr

OFFICE WORKING HOURS: 9AM TO 6PM LABOURS WORKING HOURS: General shift 8 am to 4 pm SIPEPL is fallowed by the threw of coming soon is punctuality and going late is responsibility.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 42

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

NUMBERS OF WORKERS: 100

Department (HRD) playing a major role in staffing, training and helping to manage people so that people and the organization are performing at maximum capability in a highly fulfilling manner.

FUNCTION OF HUMAN RESOURCE DEPARTMENT

To maintain good and harmonious industrial relations. To manage employee convinces, discipline etc. To rate employees performance. To look after the housekeeping, cleanliness, garden etc. To maintain communication equipment and public relations. Maintain attendance list. Training and recruitment Recruitment and Selection In SIPEPL usually the internal and external source of recruitment are used for the recruitment of staff or workers.

Training and Development

After appointing the applicant if he is into functional level, training will be given to them. But if they are into management level development programmed is conducted to them. As we know there are 2 types of training, like on the job training and off the job training. Here in this organization they have on the job training. Here they have to work in team and with experienced persons and they have to get the training from them. In such a type of training the employee will observe each and every work which is
BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 43

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

going in the factory and he can have practical knowledge. Here they can clarify their doubts immediately. Employee Welfare: Working Environment: Maintaining safety and cleanliness measures. Control of effluents. Convenience and comfort during work. Workmen safety measures like maintenance of machines and tools, providing guards, hand glouses, goggles, etc. Workshop sanitation and cleanliness, temperature, humidity ventilation, lighting etc

Conveniences: Providing of drinking water. Cloak rooms, rest rooms, etc. Provide food & snacks if there is over time. Uniform & shoes are provided.

Health Services for Workers: Emergency aid (First Aid) Medical examination Giving hints on safety measures. Health caution Safety

Leaves The company provides Casual Leaves for 15 days in a year

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 44

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

OTHER BENIFITS Company provides ESI & PF facility to all the employees. Company Provides travelling allowance to all the employees BONUS if paid every year depending on their performance & there is no monthly incentives. Appraisals are done for every 6months.

MANNER OF EXIT If an employees desire to leave the companys premises work hour, he shall obtain the necessary permission in writing from the manager or such other authority may be appointed for the purpose and his salary/wages shall be liable to be deducted for the period for the of such absences.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 45

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

MARKETING DEPARTMENT : Marketing is a social process by which individuals and groups obtained what they need and want through creating, offering and freely exchanging products and services of value with others. According to American Marketing Association gives definition as marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individuals and organizational goals. Objectives of Marketing: To fulfill the customer satisfaction. To increase the company sales. To distribute quality products in the market. To explore the new market for the companys products. Ultimately to attain the companys objectives. Balance the demand and supply of products. Organize and develop the market share of effectively. Prepare sales budget. Policies: 1. Keep a watch on the market conditions. 2. Branch officials and agents should always be in touch with customer. 3. Orders are always taken on first cum first basis and credit sales are negotiated only after knowing buyers credibility and prior approved of management. 4. The transporter approaches marketing section for billing and other various document required as per company policies.

Functions:BANGALORE INSTITUTES OF MANAGEMENT STUDIES Page 46

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

1. To capture the markets share. 2. To collect information about revenue. 3. Maintain sales and other accounts. 4. To attain major market shares. 5. To over competition.

THE OBJECTIVES OF THE EXPORT ORIENTED UNIT :

The main objectives of the EOU scheme is increase exports, earn foreign exchange to the country, transfer of least technologies stimulate direct foreign investments and to generate additional employment. With some of the best selling brands in India and abroad , we proud of having serviced clients such as bunge india, unilever srilanka, bidko Kenya , adani wilmer , india as a few of our many preestigeous clients. MAJOR CLIENTS:

Bunge India pvt. Ltd. Trichy Adani wilmar limited, Kakinada m/s foods fats & fertilizers, tadapalligudan bidco oil industries ltd. Uganda and Tanzania JVL agro industries ltd, Kolkata NMK industries , srilanka Unilever ltd. Srilanka M/s Gemini edibles and fats, krishnapattanam.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 47

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

PURCHASE DEPARTMENT: In every organization success is mainly depending upon the efficiency of the purchase department. This is due to the fact that, every organization requires materials during its functioning. Hence, purchase department fulfill all the materials needed for each and every departments in an organization. This section outlines the way in which the subcontractor are approved purchase documents are reviewed and verification of purchased product by customer is provided.

Function of purchase manager To set and maintain and purchase quality polices. To ensure the provision of qualified staff and resources. To set and operate suitable systems to select, audit and engaged suitable subcontractor with regard to commercial viability technical competence, quality and general performance. To monitor using suitable system, to supply quality assured material as par schedules. To give necessary guide lines to the subordinates to perform their duties properly and to give necessary training requirements for his department personal development. Material planning is made before purchase Normally the company purchase on credit

The work of purchase department is to provide uninterrupted supply of material inside for production consumption. The selections of supplier were considered with party wise rejection rate supplied material. They rate their vendors based quality, quantity, service, time, cost etc. another consideration for selection is urgency of material. The usual credit period range from 15 to 20 days. The order mainly placed through Fax and phone.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 48

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Objectives: To procure right materials In right qualities From right and reliable sources of supplies To procure materials economically i.e., at reasonable price To secure and deliver materials at right placers and at right time. Purchase department has to perform certain activities, duties and function in order to achieve the objects mentioned above.

Duties and responsibilities of the purchase department To keep records indicating possible materials and their substitutes Maintenance of relevant records of reliable sources of supplies, price materials Making contracts with right sources of supplies Analyzing / evaluation of offers / quotations to procure the materials

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 49

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

PRODUCTION DEPARTMENT: Standard international precision engineers pvt. Ltd. More concentrate on production department. Production is the process by which goods and services are created. The other word used with production is manufacturing. Production process is also one of the areas for maximization of the profit. So production process is managing the plan. An important role in the organization is to achieve its objectives. Production management involves all the factor of production, together and putting them to option use in order to realize the objectives of stating the firm i.e. creation of goods and services. Modern production management present certain characteristic, which makes it look totally different from what it was during the past. Production department plays a very important role in the entire organization as such it acts as a main enter for the whole organization where the conversion of raw material into finished product has takes place. Hierarchy (production department)

Manager Dept Manager Asst Manager Technical Officer Supervisors Technicians Helpers

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 50

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Functions: The functions of production department are as follows: 1) Procurement of raw material. 2) Maintain and produce the standard quality products. 3) Using of advanced technology. 4) Maintaining inventory of both raw material and finished products. THE PRODUCTION PROCESS IS INCLUDING THE FALLOWING STEPS: PROCESING: Batch preparation Pre processing Processing Remelting Panels The processing includes the series of function from the products like tanks, pasteurizers, high pressure plunger pump, sinitators and crystallizers, Automation SCADA Packaging.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 51

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

QUALITY CONTROL DEPARTMENT: The edible oil machineries is not a short time consumed goods. So the long time quality of the products is achieved by concentrate on quality control department. SIPEPL main policy is maintain quality of products. Quality control is a part of production department, input measured, checked up to standard set with assured and control over to get best quality of output. It is recommended that as for as possible statistical quality control SQC method may be used for the controlling the quality of the product during prediction. In addition effort should be made gradually introduce a quality management system in accordance with ISO9001 has appropriate to the activities to the organization. Quality refers to the sum of its characteristics that describes the product which is generally expressed in term of specific product characteristics such as length, color, width etc. The quality department make the quality assurance manual giving broad guidelines for each department based on this department will have prepare document for procedure.

STEPS INVOLVED IN QUALITY CONTROL

Control of Engineering Quality Assist in the evaluation of customer requirements to arrive at clear understanding of the product quality objectives. Review design documents for conformance to design standard and practice and for identification of potential quality problems. Audit the release and distribution of design document. Control of Purchased Material Quality Assist in evaluating and selection of suppliers/subcontractors Assured that purchase materials confirms to the requirement of the purchase order and specifications.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 52

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Initiate corrective action with suppliers and subcontractors when purchase material is not of an acceptable quality level. Control of Manufacturing Quality Evaluate and approve manufacturing equipment, processes, testing and test equipment. Assure that measuring and test equipment is properly calibrated and maintained. Perform inspection and tests at selected points in the production process. Collect and analyze inspection and test data and provide information on process and product quality levels. Objectives: 1. Strict adherence to specifications with emphasis on defect prevention, use of raw materials, control over each stage of operation. 2. Involvement of personnel from all functions at all levels for development and maintenance of quality system CIP is adopted. 3. Planned & systematic programs for acquiring sales during the operation in order to ensure standard quality.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 53

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 54

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

SWOT ANALYSIS SWOT Analysis (Strength, Weakness, Opportunity and Threats Analysis) is a tool commonly used to plan future activities to maximize their positive impact on an individual or organization. The aim of a SWOT Analysis is to guide an effective strategy for the future. A SWOT Analysis is carried out fewer than 4 Categories: Strength: In what way are you strong? What advantages do you have over the Competitors? Weakness: What are you not good at? What limitations are there on the activities you undertake? What advantages do competitors have? Opportunities: Given where you are now, what avenues are there for development and growth? What external trends might be of benefits? Threats: What internal characteristics threaten future development? What External trends might create risk?

STRENGTH: Qualified team Easy payment modes Timely delivery schedule Experienced R& D department Large product line

WEAKNESS: Lack of support from HR department. Needs updating with times in terms of plant and machinery.
Page 55

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

Lack in providing good working environment.

OPPORTUNITIES:

Edible oil industries never have low demand, it is helpful to production more machineries. As per the infrastructure is concerned SIPEPL has a Well equipped & Sophisticated infrastructure which helps the company to meet the customers Demand In time. By looking at the present Infrastructure, Skilled Workforce, Technology & emerging demand condition Company is planning to expand their factory. The demand for the products of SIPEPL is also increasing, so Company has got a clear & bright future. At present it has Good raw material sources to enhance production. Support and large production capacity.

THREATS

1. Competition from other global leaders. 2. Government interference may reduce growth potential. 3. Entry of new multinationals companies.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 56

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 57

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

FINDINGS: The activity of the SIPEPL organization close downwards from managing partners to the employee. There is a proper selection and placements of each employee in the optimum use of Human Resources are taken care in the organization. The personnel ability and potential of each employee is organized and encourage. The different activity of the company decided according to their function. Work is assigned to employees according to their specialization and there is proper division of departments in the organization. Competition in the field of quality is very high for the products that the company is involve in, the company supervise because of its quality products. There is no employee union in the company. A promotion activity of products is less. Employees safety training program is conducted fortnightly. The service offered by the company should be improved.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 58

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

SUGGESTIONS: The customers expect good co operation from the company. The company should improve customer lounge. The company should understand the need of a customer.

The company should give the quick and timely service to customers The company is advised to come up with higher promotional measures. It can increase sales by giving more emphasis on advertisement i.e. by attractive display of product should be offered at outlets which motivate sales. Human Resources department needs to focus on motivational measures of the employee. The company should invest more money in advertisement campaign. The company should adopt Just In Time Process Production.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 59

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

CONCLUSION: SIPEPL is the best edible oil systems company in Bangalore, because of its good service and quality of products. The offers which are provided by sipepl are affordable to every sector of people. Customers of SIPEPL are satisfied with the new offers as well as the service they provide, and they also provide different models of heating systems through the company in different ways. The network of SIPEPL has rapidly spread over India. It is having better improvement in this modern world so it is an ever shine company in heating elements field at present. The above points reveal that the SIPEPL is a good competitor to its competitors because it provides high quality products at lower prizes and it also giving loan facilities at lower rate of interest. The company has never compromised for quality and in fact this has been our secret of our stay in the market not with the standing.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 60

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 61

STANDARD INTERNATIONAL PRECESION ENGINEERS PVT. LTD

BOOKS

Human resource management

ASHWATHAPPA

Marketing department

PHILIP KOTLER

Production management

ASHWATHAPPA

GOOGLE

1.

TRADEINDIA.COM

2. INDIAMART.COM

COMPANY STAFFS.

BANGALORE INSTITUTES OF MANAGEMENT STUDIES

Page 62