Sr. No. Contents Page No.

1. INTRODUCTION 7
2. PROJECT AT A GLANCE 9
3. GENERAL INFORMATION 12
4. PRODUCTION DEPARTMENT 25
5. MARKETING DEPARTMENT 36
6. PERSONNEL DEPARTMENT 44
7. FINANCE DEPARTMENT 55
8. FUTURE PLANS 62
9. SUGGESTION & CONCLUSIONS 63
10. BIBLIOGRAPHY 65

(1)
 I have visited Falcon Submersibles Pvt. Ltd. at Rajkot on
OCT. 2005. The manager of this company Mr. ANKURBHAI gives me
full and correct information about Personnel, Marketing, and Finance
and Production departments of the company.

Falcon Submersibles Pvt. Ltd. is small-scale industry

located in industrial city Rajkot. It was established and registered as a
private limited company in 1997 the registered office of this company at
7, Parsana society, 50 feet road, Rajkot. And the factory of this
company is also at the same place. This company was started with an
initial investment of Rs. 4,50,000 some of the products of FALCON
are,

V3 0.5 H.P. to 12.5 H.P. (Max. Discharge 120 LPM, Max.

Head 525 feet)
V4 0.5 H.P. to 5 H.P. (Max. Discharge 300 LPM, Max. Head
800 feet)
V5 3 H.P. to 7.5 H.P. (Max. Discharge 500 LPM, Max. Head
800 feet)
V6 3 H.P. to 25 H.P. (Max. Discharge 1200 LPM, Max. Head
1500 feet)
V6 (Slim) 3 H.P. to 12.5 H.P. (Max. Discharge 900 LPM,
Max. Head 1200 feet)
These all are pump sets or main products of FALCON.

(2)
 FALCON is manufacturing from high quality of raw material
e.g. its Bowls made from SS304 grand non-magnetic, non-corrosive,
providing permanent smooth surface to the flow, head of water. The
Bowl impeller set is designed hydraulically with each other for specified
flow, head and load so as to achieve the max.

SAVE ELECTRICITY, SAVE THE NATION is the slogan of

the company. The managing director of this company is Mr. Dhirajlal
Suvagiya.

I received good co-operation during my training period. They

have provided me best knowledge regarding practical work as well as
theoretical aspects also. I am very much thankful to this all members
who have taken interest in my practical study and me in available
guidance.

(3)
(4)
 PROJECT AT A GLANCE

Name of the firm

FALCON SUBMERSIBLES PVT. LTD.

Registered Office and work at

FALCON SUBMERSIBLES PVT. LTD.
7, Parsana Society,
50 Feet Road,
Rajkot 360 002.

Total Area
3000 Esq.

Year of Establishment
1997

Form of Organization
PVT. LTD. Co.

Size of Unit
Small Scale Industry

Initial Investment
Rs. 4, 50,000/-

Objective
Save Electrical energy & To Serving Nation through Submersible Pump

Slogan
SAVE ELECTRICITY, SAVE THE NATION

(5)
 No. Of Workers
150

Name of Product
Submersible Pumps

Shift
For workers: - 8:30 A.M. to 12:30 P.M. & 1:30 P.M. to 5:30 P.M.
For Staff: - 8:30 A.M. to 12:30 P.M. & 1:30 P.M. to 5:30 P.M.

Off Day
Wednesday

Countries to which products are exported

As per requirement & Mostly in African Countries

Banker
Central Bank of India, Rajkot.

Accounting Year
1st April to 31st March

Accounting System
Double Entry System

Auditor
H.B.Kalaria

Web Site
www.falconsubmersible.com

E mail
info@falconsubmersible.com

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(7)
 CONTENT

Sr. No. Particulars Page No.

1. INTRODUCTION 14
2. FALCON WORLD AT GLANCE 15
3. AWARDS & EXISTING MANAGING GROUP 16
4. ORGANISATION CHART 17
5. SIZE & FORM OF ORGANISATION 18
6. LOCATION JUSTIFICATION 19
7. TIME KEEPING SYSTEM 21
8. QUALITY 22
9. FALCONS CORE STRENTH 23
10. AIMS & OBJECTIVES OF FALCON 24

(8)
 INTRODUCTION

FALCON is manufacturing from high quality of raw material e.g.

its Bowls made from SS304 grand non-magnetic, non-corrosive,
providing permanent smooth surface to the flow, head of water. The
Bowl impeller set is designed hydraulically with each other for specified
flow, head and load so as to achieve the max.

FALCON SUBMERSIBLE PVT. LTD. Rajkot is a professional

company engaged in manufacturing FALCON brand submersible
pumps are available in rang of V4, V5 & V6. FALCON design is
prepared by the young qualified engineer Mr. Dhirubhai Patel who is a
hydraulic engineer and MD of the company is having wide experience
in the filed of manufacturing submersible pumps.

The maximum accuracy and precision of components make the

FALCON pump quite Distinctive. The complete FALCON pump set is
passed through stringent inspection and testing before in reached our
valued customer.

The Meaning Of Falcon

F Famous in all over INDIA

A Advance in Technology
L Longer Durable Life
C Conscious for Quality
O Obedient Servant
N No problem in Low Voltage

(9)
 FALCON WORLD AT GLANCE

Incepted in 1997, Falcon Submersibles Pvt. Ltd. is a

professional and reputed organization engaged in manufacture of
FALCON brand bore well & opens well submersible pumps in India.
The organization is reputed for its ethics, its transparency, its corporate
culture and its contribution to the nation and society. Dynamic young
professionals with zeal and commitment to customer satisfaction and a
pragmatic approach to marketing manage the organization.

Since its inception, the company has earned a name for itself on
account of its world-class products. With its credentials, experience
and resources at command, Falcon Submersibles hold a prime and
domineering position in the Indian pumps market. It is the result of its
dedicated efforts and quality products that the company has made a
mark in its sphere of operation in a short span of time.

(10)
 AWARDS

UDHAYOG BHARTIYA AWARD 2004

EXISTING MANAGING GROUP

Managing Director : - Mr. Dhirajlal L. Suvagiya

Director : - Mr. Kamalnayan R. Sojitra

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 ORGANISATION CHART

Managing Director

Director

Chief Purchase Inspection Engineers Marketing Labours

Accountant Manager Inspectors Staff

Skill Unskilled
Labors Labors
Junior Senior Testing
Engineer
Assistant Assistant Existent
Accountant Accountant

Senior Junior Sales

Marketing Marketing Officers
Manager Manager

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 SIZE & FORM OF ORGANISATION

There are 3 types of company on the basic of investment.

Small Scale Unit :: -

The unit having investment in fixed assets and current assets

less than 75 lacks is known as small-scale unit.

Medium Scale Unit :: -

The unit whose investment in fixed assets full between ranges

as 75 lacks is known as medium scale unit.

Large Scale Unit :: -

The unit whose investment in fixed assets & current assets more
than corer is known as large scale unit.

Falcon Submersible Pump Pvt. Ltd. Is started as private

company. Falcon Submersible Pump Pvt. Ltd. Is small scale unit.

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 LOCATION JUSTIFICATION

The location of any unit effects positively or negatively to

profitability & efficiency. It is obviously that entrepreneurs locate their
industries in those places where cost of production is low, proximity of
the market, sources of raw material, transportation facility,
communication facility, power facility, availability of labor etc. are taken
into consideration while selecting the factor location.

Some of the factors are affecting to location of Falcon

Submersible Pump Pvt. Ltd., which are given below: -

1. Raw Material :: -

In determining the location of industry nearness to the sources

of raw material is an important condition. The raw material required for
production in Falcon Submersible Pump Pvt. Ltd. is easily available
from near by places. Mostly, raw material is received from location
area.

2. Power :: -

Power is a basic need of any industry to carry on its production.

It should be available at cheaper rate. Now a day the power factor has
become more flexible because of the different sources available like
electricity, gas, oil, water etc. Falcon Submersible Pump Pvt. Ltd. gets
its power easily for GEB.

(14)
3. Market :: -

Market is also an important factor, which an industrialist must

take into consideration. Falcon Submersible Pump Pvt. Ltd. has local
as well as international market. In Falcon Submersible Pump Pvt. Ltd.
as per requirement product is exported in foreign countries.

4. Labor :: -

Adequate supply of cheap and skilled labor is necessary for any

unit. Falcon Submersible Pump Pvt. Ltd. gets labors easily from the
local area.

5. Water :: -

Water is the prime need for any industry. Adequate supply of

water for different purpose in the unit is also necessary. Water is also
very necessary in Falcon Submersible Pump Pvt. Ltd. Falcon can get
fresh water from the local area.

6. Transportation :: -

Transportation facility influences the location of any industry.

Transportation is one of the main factors for Falcon Submersible Pump
Pvt. Ltd. to three modes of transport to from the I.e. Air way, Road,
Waterway.

Falcon Submersible Pump Pvt. Ltd. use Roadway that is easier

and cheaper.

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 TIME KEEPING SYSTEM

Time & tide waits for none is the famous saying, keeping
this view in mind a unit has to develop an efficient time keeping
system. There are various benefits that a firm is able to avail only
because of discipline in time management system. To get these
benefits that affect the system of time keeping like production capacity,
demand for products etc. After studding all these factors time schedule
are adjusted.

Time keeping system is important for the businessman and

employers. This system can also be used to improve employee
relation.

Falcon Submersible Pump Pvt. Ltd. has separate time keeping

system, which is given below: -

Working Hours :: - 8 hours

Shift :: - 2 shifts
Workers Time : - 8:30 a.m. to12:30 p.m. & 1:30 p.m. to
5:30 p.m.
Brake Time : - 12:30 p.m. to 1:30p.m.
Staff Time : - 8:30 a.m. to12:30 p.m. & 1:30
p.m. to 5:30 p.m.
Brake Time : - 12:30 p.m. to 1:30p.m.

HOLIDAYS :: -

(16)
 The employees of this company enjoy one holiday in a week
that is Wednesday. Beside, they can also enjoy the festival holidays.

(17)
 QUALITY

Falcon specialization is more on designing high efficient and

quality submersible pump with excellent pump properties &
characteristics. The bowl-impeller set is designed hydraulically to
match with each other for the specified flow, head and load so as to
achieve the maximum output. Falcon has highly- qualified
professionals who keep a tab on the manufacturing process and does
not allow any discrepancies in the product. Each Falcon pump set is
passed through stringent inspection and testing before it reaches to the
valued customer.

Above all, a product, which is trouble free and long lasting, is

always in demand. The beauty of its product is that it delivers
outstanding quality and great performance. That could explain way
FALCON quality is superior.

(18)
 FALCONS CORE STRENGTH

Technically qualified and experienced professionals team.

Focus and investment in equipment, manpower and time for R &

D and design.
Intensive monitoring and control on manufacturing and testing
process.
Well-equipped testing facility with range of testing equipment,
tools, instrument characteristics parameters tests.
Regular development in manufacturing machines and process.

Continuous skill enhancement and improvement through training

of the manpower associated.
100% on time delivery and high standards of service.

Ethical and fair in our dealings with one and all.

We provide value for money.

We strive to do better than our best and not rest on our laurels.

Above all we stick for quality at all cost without compromise.

(19)
 AIMS & OBJECTIVES OF FALCON

The motto of FALCON is To Serve The Nation and for this

FALCON always strive hard to develop more and more efficient pump
technology so that FALCON can save the valuable electrical energy
of the nation.

The success FALCON enjoyed in the domestic market gave us

the resources and confidence to go in for exports. FALCON has a
dream to be a global player in the field & the present management is
determined to achieve their targets.

Above all our targets is to make Indian water pump most

efficient and of long life and to increase the demand globally.

(20)
(21)
 CONTENT

Sr. No. Particulars Page No.

1. INTRODUCTION 27
2. ORGANISATION CHART 28
3. RAW MATERIAL USED 29
4. NAME OF PRODUCTS 30
5. MACHINERY USED 30
6. QUALITY CONTROL 31
7. PRODUCTION PROCESS 32
8. PACKING 35

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 INTRODUCTION

Production is a heart of any company. It is very necessary that

production process run efficiently and effectively. This department of
the firm makes major contribution for the achievement of company
strategic goals. It deals with man and machine in the organization to
accomplish both productivity and satisfaction production department is
engaged in conversion of raw material into finished or semi-finished
goods.

Production management is the process of effectively

programming, coordinating and controlling production, i.e., the
operations of that part of an enterprise, which is responsible for the
actual transformation of material into finished production. It deals with
man-machine organization to accomplish both productivity and
satisfaction the desirable end result.

According to E.S.Butta, production is process by which goods

and services are created.

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 ORGANISATION CHART

Production Department

Production Manager Quality control

manager

Production Planning
Engineer Quality control
inspector

Production Supervisor

Workers

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 RAW MATERIAL USED

For any industry the raw material is an important or a necessary

thing. Mostly, The raw material required for production in Falcon
Submersible Pump Pvt. Ltd. is easily available from near by places.
Some time raw material is received from other places.

MOTOR PARTS

RAW MATERIAL MATERIAL GRADE

S.S.Pipe :- S.S.304\S.S.202
C.I.Parts :- C.I.F.G.200
Nut & Bolts :- S.S.304 or S.S.410
Thrust Bearing :- Teflon or Carbon
Wire :- E C Grade

PUMP PARTS

Bowl :- Investment Costing S.S.304

Impeller :- LTB-2
Bush :- LTB-4
Sleeve\Couple :- S.S.410\S.S.431

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 NAME OF PRODUCTS

Today FALCON has a wide range of product for satisfied

customer to choose from which is as follows: -

V3 - Suitable for 4bore well From 0.5 Hp to 1.25Hp (Economy

model)
V4 - Suitable for 4 bore well - From 0.5 Hp to 5.00 Hp

V5 - Suitable for 5 bore well - From 3.0 Hp to 5.00 Hp

V6 - Suitable for 6 bore well - From 3.0 Hp to 7.50 Hp

V8 - Suitable for 8 bore well - From 10.0 Hp to 80.0 Hp

Open well submersible pumps - From 0.5 Hp to 15.5 Hp

These all are pump sets or main products of FALCON.

FALCON is manufacturing from high quality of raw material

e.g. its Bowls made from SS304 grand non-magnetic, non-corrosive,
providing permanent smooth surface to the flow, head of water. The
Bowl impeller set is designed hydraulically with each other for specified
flow, head and load so as to achieve the max.

USES OF MACHINERY

In the production department many machinery use for make a

final production. But some machine is very useful. The Falcon uses
some useful machine for its final product. These machines are as
follows.
PART MACHINING AS PER DRAWING

LATHE MACHINE

GRINDING MACHINE

HYDRAULIC PRESS

(26)
 QUALITY CONTROL

Falcon specialization is more on designing high efficient and

quality submersible pump with excellent pump properties &
characteristics. The bowl-impeller set is designed hydraulically to
match with each other for the specified flow, head and load so as to
achieve the maximum output. Falcon has highly- qualified
professionals who keep a tab on the manufacturing process and does
not allow any discrepancies in the product. Each Falcon pump set is
passed through stringent inspection and testing before it reaches to the
valued customer.

Above all, a product, which is trouble free and long lasting, is

always in demand. The beauty of its product is that it delivers
outstanding quality and great performance. That could explain way
FALCON quality is superior.

(27)
 PRODUCTION PROCESS

DETAILS OF MANUFACTURING PROESS OF

SUBMERSIBLES PUMPSETS FOR CLEAR COLD FRESH WATER
AS PER IS: 8034:1989

1) After procurement of casting form the relevant parties the sizes

are cut and stamping are inserted with hydraulic press and
welding is carried on both sides and inside turning carried out on
both sides of pipe. There after lock groove is carried out on the
both sides motor rewinding is carried out. Merger is applied for
continuity checking as well as wiring leakage and the high voltage
is applied for break test checking as well as wiring break test.

2) As per the drawing patterns and casting are procured of cast iron
components like, connecting peace, upper lower housing, motor
base etc. and there after machining is carried out as per drawing.
Finally red oxide is applied in ordered to prevent rusting.

3) Rough machining is carried out on Rotor and Pipe bars and

Stamping inserted. Copper brazing is carried out and finally final
machining along with finishing operation and surface grinding
carried out.

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4) Balancing of Rotor is done on dynamic balancing machine.

5) The distance piece is mounted after fixing the motor body on

stand and rotor attached as per the size, and housing is also
attached along with thrust bearing.

6) For manufacturing of the pump, the pump shafts are cut as per
the size required. Complete fitting of the pump is done in the
following order.

Suction is mounted.
Fitting of bowl and impeller is carried out.
Fitting of delivery outlet is carried out.
Fitting of strip joint.

Thus, the complete pump is made ready there after testing of

pumping set as per relevant IS standard is carried out. If testing is
satisfactory, the pump sets is now ready, prior to dispatch of the
pumping sets, the following operations are carried out:

The buffing operation is carried on buffing machine.

The color is applied on the pump sets.
Accessories like strainer, cable guard etc, are
attached.
Data plate is applied.
Packing of pump sets is done to ensure safe
delivery.
Finally dispatch is made.

(29)
 FLOW PROCESS CHART OF
MANUFACTURING SUBMERSIBLE PUMP

MOTOR PUMP

Casting
Pump Shaft Casting Parts
Cutting Suction, Impeller, N.R.V.Bowl.
Cleaning
Pump Shaft
Finishing Machining
Machining

Inspection
Inspection

Balancing of Impeller
Assembly

Hydraulic Testing of Bowl

Assembly

Testing as per IS: 8034:1989

Buffing

Color Painting

Attaching the Accessories

Dispatch

(30)
 PACKING

Packing is a part of production process & Packing is necessary

for every unit to pack their products. Packing saves the products to be
spoiled. For FALCON it is necessary to pack properly the final
products. After production process over the packing process start.

After production process, final products are packed in woolen

boxes or corrugated boxes. The products, which are to be send to
customers, are packed well and then after transported by truck, railway,
etc.

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(32)
 CONTENT

Sr. No. Particulars Page No.

1. INTRODUCTION 38
2. ORGANIZATION CHART 39
3. DISTRIBUTION CHANNEL 40
4. PRICING POLICY 40
5. ADVERTISING 41
6. SALES PROMOTION 42
7. MARKET RESEARCH 42
8. INTERNATIONAL MARKETING 43
9. COMPETITORS 43
10. CHART OF SALES

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 INTRODUCTION

Marketing is defined as the process of exchange of goods

between buyers and sellers, it involves activities designed to plan,
promote, distribute and price a product or service to the target market
to achieve organizational objectives.

Today, the consumer is the king of a market, thus marketing

includes creation and delivery of standard of living to the society. Thus,
marketing has been viewed as an on going, dynamic process involving
a set of interacting activities dealing with market offered by producer to
consumer on the basis of forecast.

According to Phillip Kotler marketing is the human activities

directed at satisfying need wants through exchange processes.

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ORGANISATION CHART

Marketing Department

Senior Manager

Manager

Asst. Sales Manager

Sales Executive

(35)
 DISTRIBUTION CHANNEL

FALCON produces products according to demand of the

market. The products of FALCON are not directly sold to the
consumers in market. The product of FALCON is sold with help of
dealers.

Every company have distributor, without distributor company can

not sales its product in every market. Falcon has nearly 125 dealers &
distributors across India.

PRICING POLICY

Price is an economic value of goods or services expressed in

terms of money.

Pricing policy is another important aspect for company. It is no

longer enough to satisfy customer. You must delight them. In
companies, prices are often set by manager, rather than by marketing
or sales people. In large company, division and product line managers
typically handle pricing.

For pricing their products, Falcon Submersible Pvt. Ltd. usually

uses cost plus pricing method where the over cost of product is
determined and a definite percentage of profit is added to that cost to
determine the price of the product. They always measure price of
product by premium quality at competitive rate and compare to well
renowned brand.

(36)
 ADVERTISING

Advertising is a major promotion tool and it is paid from of non-

personal communicating goose and ideas. Advertising is done through
different Medias such as magazine, newspaper, radio, television,
outdoor display directories etc.

The medias of advertisement of Falcon Submersible Pvt. Ltd.

which are as under: -

MEDIAS OF ADVERTISMENT

Generally, Falcon Submersible Pvt. Ltd. uses the main medias

of advertising, which are:

1) Gifts,
2) Trade fair participation
3) Stickers
4) Banners
5) Posters
6) Wall Painting
7) Newspapers
8) Magazines
9) Trade Journal
10) Calendars
11) Catalogue
12) Add film and many mores.

(37)
 SALES PROMOTION

Sales promotion is the process or an activity to increase the total

sales of the firm.

Falcon uses steps for promotion to sales. Like free gift, dealer
meeting, borer meeting, and seminar. In the free gift they use cap,
sphere wheel cover, bag, and calendars.

MARKET RESEARCH

The company surveys about the product & tries to develop the
product & improves the product quality & wants to cover up the whole
market by the review of the customers & sales in charge.

The company research about the product & improves the

product; it necessary & the efforts of the company about its products
are very high in the market. In future the company will be in try to
develop the sales and profit by its genius efforts.

The chart of this profitability shows that the company is in

progress. The figures of the chart the development of the company

(38)
 INTERNATIONAL MARKETING

International market means trade hold between two country and

countries. International market holds when the reputation and quality of
the company is good and the main effecting factor is price.

Falcon Submersible Pvt. Ltd. launches its product in

international market last one & half year. Today they export their
product in Africans country. They have done by Internet, web hosting
and indirect export.

The web site of Falcon Submersible Pvt. Ltd. is,

www.falcon submersible.com

The E-mail of Falcon Submersible Pvt. Ltd. is,

Info@ falcon submersible.com

COMPETITORS

In the market have many companies sales same product but

many products have very good quality at competitive rate good market
value. Each & every company wants to sale their products so obviously
we can see competition between them. FALCON is one of them; in
short period Falcon makes good value in the market but competitors
still today. Some names of them are as under: -

KEB
TEXMO
CRI
SABAR

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(40)
 CONTENT

Sr. No. Particulars Page No.

1. INTRODUCTION 46
2. ORGANISATION CHART 47
3. INFORMATION ABOUT EMPLOYEES 48
4. SELECTION & RECRUITMENT 49
5. TRAINING 50
6. PROMOTION & TRANSFER 51
7. PERSONAL RECORD 52
8. WAGES & SALARY 53
9. EMPLOYEE BENEFITS 54

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 INTRODUCTION

Among the factors of production namely land, labor, capital and

organization. Only organization, which is formed of top management.
Middle level management and laborers is the living factor with the
sense of feeling.

Personnel management is the direction and co-ordinate of

Human Relations in the business organization, thereby obtaining
maximum production with minimum of physical and mantel effort,
stress and strain on the individual worker and group of workers and
without sacrificing the genius well being of the employees.

Now a days proper direction to achieve the goal is carried out

by a separate department that is personnel, Personnel management is
the planning, organizing, directing and controlling of procurement
development, compensation, integration and maintenance of people for
the purpose to contribution, to organization, individual and social
goals. Personnel department is concerned with training and
development of employees and providing them proper wage and
salary.

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ORGANISATION CHART

Personnel Department

Personnel Manager

Administrative officer

Assistant

Workers

(43)
 INFORMATION ABOUT EMPLOYEES

The personnel manager is responsible to predict the changes in

wages and labor market. He should be well aware with change in
production and according plan out the policies regarding training,
wages and salary, recruitment and selection, labor welfare etc.
Personnel manager is ultimately accountable to the managing director.
Thus, to save him from uncertainty he must exercise control and co-
ordinate each and every activities of the department.

FALCON SUBMERSIBLES Pvt. Ltd. has 90 workers

working in it. Manager looks after. All the activities related to personal
department such as recruitment, selection, promotion, transfer.
Manager prepares a report working of its department.

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 SELECTION AND RECRUITMENT

SELECTION :: -

Selection means the procedure of selection of term of best

person and all with required qualification. This process is negative by
nature because it selects only suitable persons and rejects the other
applied.

FALCON SUBMERSIBLE PUMP PVT. LTD. gives

advertisement in the magazines and receives applications. From that
application interview is taken, then the person is selected in interview.
Finally salary is decided as per the qualification and ability for job.

RECRUITMENT :: -

Recruitment is the process of identifying various sources of

recruitment persons in the organization. It is the process of searching
and encouraging them to apply for jobs in organization. Recruitment
has been regarded as the important function of this department.

In FALCON SUBMERSIBLE PUMP PVT. LTD. recruitment is

done through advertisement in newspapers, television, etc. the
advertisement includes qualification, ability, etc.

FALCON SUBMERSIBLE PUMP PVT. LTD. uses both internal

and external sources of recruitment. When any employee having
qualification, ability and experience works in the unit at lower level and
if the place is vacant, the place is filled by promotion.

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 TRAINING

Training is the organized procedures by which people acquire

knowledge for a benefit. It is the act of increasing the knowledge and
skill of workers for doing a certain job.

As the trained labors are considered the valuable assets to the

organization training is considered as a vital part of managerial control.

In FALCON SUBMERSIBLE PUMP PVT. LTD. training

program is arranged to improve the efficiency of workers. In this unit on
job training is given to its employees. Duration of the training depends
upon the post and ability of worker learning.

Thus, good training is provided to the employees who become

more effective and productive after this process.

Falcon is give training to new employee. Employees trained by

senior worker and participate in training course seminar. Like

Technical & management staff repudiate organization seminar

Rajkot engineering association
Rotary club of Rajkot.

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 PROMOTION AND TRANSFER

PROMOTION:
PROMOTION: -

Promotion may be defined as, upward of an employee in an

organization, which commands better wages, better status, higher
responsibility & authority etc. In short a promotion is the transfer of an
employee to a job, which pays more money or one that carries out
some preferred status.

Promotion may be given on the basis of seniority, merits on the

basis of seniority, but here promotion is given on the basis of ability,
performance, capability, merits and qualification.

In FALCON SUBMERSIBLE PUMP PVT. LTD. does not

promote its employees on the basis of seniority, but promotion is given
on the basis of ability, performance, capability, merits and qualification.

TRANSFER :: -

Transfer is a horizontal moment of employees from one

selected job, department to another place where the salary, status and
responsibility are remaining same.

In FALCON SUBMERSIBLE PUMP PVT. LTD. employees are

transferred from one department to another and from one position to
another.

(47)
 PERSONAL RECORD

In personal record, compete up to date information is maintained

about employees. Every unit have record book for employees in which
record information about employ, leave, promotion, punished men etc.

FALCON SUBMERSIBLE PUMP PVT. LTD. has record books

of employees. These record books are as follow.

Attendance register
Salary-wages register
Provident fund register
Casual leave register
Bonus register

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 SALARY & WAGES

Salary & Wages to establishments and implementation of

employees compensation. Its basis purpose is to maintain equitable
wages & salary structure. It is the duty of the firm to pay proper, relative
and reasonable amount to the worker for their service.

Falcon submersible Pvt. Ltd. is under consideration follow the

time wages. This is oldest & most common method of wages. Under
this system workers are paid according to the work done during certain
period. Like hour, par day, weekly, monthly or any fixed period of time.

FALCON SUBMERSIBLE PUMP PVT. LTD. pays salary their

worker on monthly. Payment date is 7th in every month.

Minimum & Maximum salary and wages are given below;

Per Day : -

Minimum = Rs. 50
Maximum = Rs. 130

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 EMPLOYEE BENEFITS

In today companies gives benefits to their workers or

employees. Falcon is providing following facilities.

Statutory welfare measures:

measures: -
Tea and Cold drink

First Aid services

Bonus:-
Bonus:-
Bonus is given to the employees as per performance mostly on
the Diwali.

Allowance:
Allowance: -
The company provides petrol, Scoter, Bikes etc, to the out side
staff members.

Insurance Policy:
Policy: -
Group insurance for factory workers & Group insurance for staff
members (P.F. & E.S.I.)

Employees Provident Fund:

Fund: -
Employees Provident Fund 10%

Loan Facility:
Facility: -
Loan is provided at 5% to 10% to an employee only for
marriage.

Festival Gift:
Gift: -
Festival gifts are provided to the employees like, Sweets is given
on Dashera, and on Diwali a special gift is also provided.

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 CONTENT

Sr. No. Particulars Page No.

1. INTRODUCTION 57
2. ORGANISATION CHART 58
3. CAPITAL STUCTURE 59
4. ACCOUNT 61
5. PROFIT CHART 65

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 INTRODUCTION

Today, Finance is considered as the Life Blood of the Business

without finance no business activity is possible. So for and
organization it is must have a large amount of finance and for this it
should have finance department.

Finance management is the custodies of corporate funds. It has

to plan, organize and control the finance of the enterprise. The chief
duties of financial management are, however, planning and control of
corporate the finances.

Finance management has to play very important i.e. first to

manage financial resource, then to distribute that finance among the
various department according to their need and lastly has to check
whether it is used in right way or not. Thus, only finance gathering has
not become the goal or aim of finance management but is holds a key
position in top management of companies.

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 ORGANISATION CHART

Finance management has got important place in any company,

as it has to balance the flow and has to keep systematic record of all
business transaction.

Organization Chart

Finance Department

Finance Manager

Chief Accountant

Assistant Accountant Assistant Executive

Accountant

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 CAPITAL STRUCTURE

Capital structure is basis on fixed capital and working Capital.

FIXED CAPITAL:
CAPITAL: -

Funds required purchasing the assets, funds for investment in

durable assets like land, building, furniture, machine, plant etc.

WORKING CAPITAL:
CAPITAL: -

Funds required purchasing of raw material, payment of wages,

sales, rent, fuel repairs and maintenance.

SOURCES OF FINANCE:
FINANCE: -

FALCON SUBMERSIBLE PUMP PVT. LTD. has taken loans

and ownership capital as the sources of finance.

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 Capital Structure is also Basis on the Period use Capital.

LONG TERM FINANCE:

FINANCE: -

Require use for investment in fixed assets and for financing

extension.

MEDIMUM TERM FINANCE:

FINANCE: -

Require use for investment in working capital and for repayment

of assets.

SHORT TERM FINANCE:

FINANCE: -

Required use for meeting the short- term need of working

capital.

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 ACCOUNT

Account is necessary for every unit. With the help of account

we can know many things like, taxes, gross profit, net profit, expenses
etc,. Accounting is a process of systematically recording in the books of
accounts, the monetary transactions of a person relating to a definite
period of time.

According to American Institute of Certified Public Accountant,

Accounting is an art of recording, classifying and summarizing in a
significant manner and in terms of money, transaction and events,
which are in part of finance character and interpreting the reasons
thereof.

Account is also maintained in FALCON. Falcon uses the

double entry system to maintain the accounts. Accounting year of
Falcon is 1st April to 31st March.

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 Future plan is the predetermined courses of actions to achieve a
special aim or goal. Future planning is very necessary for the success
of the business unit.

FALCON SUBMERSIBLE PUMP PVT. LTD. wants to stand

first in the field of submersible pump. FALCON is going to start new
manufacturing unit near Vavdi. FALCON also wants to produce
Chemical Process Pump & Boiler Feed Pump.

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 SUGGESTION AND CONCLUSION

SUGGESTION:
SUGGESTION: -

1. They should try to invent such a types of submersible

pumps, which help to save valuable electricity.

2. They should try to increase their sale & grow a new plan.

CONCLUSION:
CONCLUSION: -

From the above industrial visit I learn a lot. Now I know that how
the theoretically aspects are applied in the industries.

I had found that all the staff members and workers are working
in a co ordinates manner and in a planned way and they are more
concentrating about their work and diversifying their efforts towards the
desired target.

So, at the end I wish the FALCON SUBMERSIBLE PUMP PVT.

LTD.,ALL THE BEST to get desired success in the future.

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 BIBLIOGRAPHY

Web Site::
Site:: -
www.falconsubmersible.com

Principle of Management

Modern Business of Management

Marketing Management
(Sherlekar, J.G.Gandhi)

Production Management
(Chundavala & Patel)

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