HISTORY OF TYCO:-

Tyco was founded in 1960 when ARTHUR J

ROSENBURG, PhD, opens a research laboratory to do experimental
work for government. He incorporated business as Tyco laboratories in
1962 & changed its focus to high tech materials science & energy
conversion product for commercial sector. In September 1964 the
company went public & in 1965 it began acquires other company to
full gaps in its development & distribution as a result Tyco’s thrust
manufacturing industrial product.

Tyco international is a highly diversified global company that

provides thousand of product & services vitally important to residential
and commercial customers. Those products range from electronic
security and alarm monitoring to fire fighting equipment and breathing
apparatus, and from water purification and flow control solution to
galvanize steel tude and armored wire and cable.
Today, Tyco is a model of sophisticate & innovative
manufacturing & service employing 250000 employees world wide

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each Tyco’s core business hold a leadership position in its specific
market.
Effective June 29, 2007, Tyco International Ltd. (hereinafter
referred to as ‘‘we,’’ the ‘‘Company’ or ‘‘Tyco’’) completed the spin-
offs of Covidien and Tyco Electronics, formerly our Healthcare and
Electronics businesses, respectively, into separate, publicly traded
companies (the ‘‘Separation’’) in the form of a distribution to Tyco
shareholders. The distribution was made on June 29, 2007, to Tyco
shareholders of record on June 18, 2007, the record date. Each Tyco
shareholder received 0.25 of common share of each of Covidien and
Tyco Electronics for each Tyco common share held on the record date.
As a result of the distribution, the operations of Tyco’s former
Healthcare and Electronics
Businesses are now classified as discontinued operations in all periods
presented. In connection with the Separation, we realigned our
management and segment reporting structure. The segment data
presented reflects the new segment structure. The Company reports
financial and operating information in the following five segments,
effective March 31, 2007:

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3
• ADT Worldwide designs, sells, installs, services and monitors
electronic security systems to residential, commercial, industrial and
governmental customers.

• Fire Protection Services designs, sells, installs and services fire

detection and fire suppression systems to commercial, industrial and
governmental customers.

4
• Flow Control designs, manufactures, sells and services valves,
pipes, fittings, valve automation and heat tracing products for the
water and wastewater markets, the oil, gas and other energy markets
along with general process industries.

We are the world’s largest manufacturer

of flow control products and heat-tracing
solutions for the oil and gas, power, food
and beverage, chemical, water and
other
• Safety Products designs, process industries.
manufactures and sells fire protection,
security and life safety products, including fire suppression products,
breathing apparatus, intrusion security, access control and video
management systems. In addition, Safety Products manufactures
products installed and serviced by ADT Worldwide and Fire Protection
Services.

5
• Electrical and Metal Products designs, manufactures and sells steel
tubing and pipe products, as well as cable products, including pre-
wired armored cable and flexible conduit products for commercial
construction. We also provide general corporate services to our
segments and these costs are reported as
Corporate and Other. References to the segment data are to the
Company’s continuing operations. Prior period amount shave been
reclassified to exclude the results of discontinued operations.

We design, manufacture and sell

galvanized steel tubes, armored wire
& cable and other metal products for
construction, electrical, fire and
security, mechanical and automotive
customers.

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 GLIMPSE PICTURE OF THE COMPANY:

Tyco Flow Control brings together the world's premier

manufacturers of flow control products. With over 90 valve brands, we
offer a level of expertise that is second-to-none in providing innovative
solutions to the most challenging flow control.

We are the world's largest manufacturer of valve products that

move, control, and sample liquids, gases, powders, and other
substances. Brand names we feature include Anderson Greenwood,
AVID, Biffi, Clarkson, Crosby, Descote, Hancock, Keystone, Kunkle,
KTM, L&M Valve, MCF, Morin, NeoTecha, Rovalve, Valvtron, Vanessa,
Varec and Yarway. Product types include, ball valves, butterfly valves,
control valves, check valves, gate valves, globe valves,
instrumentation valves, knife gate valves, pressure & safety relief
valves, rotary process valves, sampling valves, electric actuators,
pneumatic actuators, hydraulic actuators, actuator positioners and
actuator controls.

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With worldwide sales, service and distribution centers, we can become
a single source for Total Flow Control Solutions(TM)

8
 Tyco Flow Control is a global network, bringing together the
manufacture, marketing, sales and after-sales support of the most
comprehensive range of industrial flow control products in the world.
The product range incorporates some of the world's best known brand
names in valves, actuators, controls and instrumentation. They are
used widely throughout demanding markets including power, oil
production and refining, chemical and petrochemical, pharmaceutical,
food and beverage, gas, water, marine and shipbuilding, and other
industries.

WHAT IS MARKETING?

Marketing is a typical task of creating,

promoting, delivering goods & service to consumer & business.
Marketing deal with human & social needs.

Tyco Company does marketing by creating &

promoting services to the customer by fully understand & exceed our
customer need, wants & preferences & provide greater value to our
customer.

KEY BENEFITS

• Comprehensive sales division.

• Dedicated product stock at prime location.
• Service facilities & after sales support in all key market
areas.
• Attention to detail across all product ranges.

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Sales & Marketing Organization Chart

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 MARKETING ENVIRONMENT

Marketing activities of a business firm are affected by a

large number of environmental factors that surrounds the company.
These factors or forces influences the decision making capability of the
enterprise.
The factors or forces are collectively called marketing
environment. If the company of all those factor which have an impact
on market & marketing efforts of the enterprise.
Marketing environment refers to external & internal
forces & factors that affect the company’s ability to develop and
maintain successful relationship with its target customer.

DOMESTIC ENVIRONMENT:-

Geographic: TYCO has divided their market into

different geographical units such as nations, states and regions.
Region vice segmentation is as follow.

Western region: Baroda, Mumbai

Southern region: Chennai
Northern region: Delhi
Eastern region: Kolkata

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12
International environment:-
TYCO is India’s largest exporter of flat product
and it exports about half of its production to the demanding Western
markets as well as to the growing markets of Asia and the Middle East.

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MARKETING COMPETITION:
The flow control industry is highly fragmented are
compete against the number of international, national & local
manufacturers of industrial values as well as against specialized
manufacture on the basis of product capability, product quality, breath
of product line delivery & price. Our major competitions vary by using.

MAJOR CUSTOMERS
Our major customers and their orders in crores are as
follows:-

Orders > 1 Crore

Reliance
Patalganga 50 Crore
Hazira 75 Crore
Jamnagar 100 Crore
Vedanta Lanjigarh 40 Crore (under exec.)

Indian Oil Corporation

Baroda 5 Crore
Mathura 10 Crore
Haldia 10 Crore
Baruni 3 Crore

NTPC
Farrakha 5 Crore
Ramagundam 5 Crore
Talchar 10 Crore
Sipat 5 Crore (under exec.)

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Vindhyachal 3 Crore
Singrauli 1 Crore
Kahalgaon 5 Crore

Hindalco
Gandhar Copper > 2 Crore
Renukoot – Aluminia > 5 Crore

Numaligarh Refinery > 6 Crore (under exec.)

BPCL 5Crore
HPCL 3 Crore
TISCO (Jamshedpur) 3 Crore
MSEB (all plants) 10 Crore
Hy Grade Pellts 2 Crore
Gujarat Ambuja 2 Crore
BHEL Trichy
(Major Power Plants) 10 Crore
Gujarat Water (Narmada Canal) 3 Crore
Chennai Water 10 Crore
ONGC >10 Crore
Sylhet Gas – Bangladesh > 5 Crore
Paper Plants (HPC/TN Paper) > 5 Crore
Syngenta (Lined Valves) > 2 Crore
Caustic Chlorie
(Bihar, Kanodia, Punjab, Gujarat) > 5 Crore

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PRODUCT OF THE COMPANY (PRODUCT MIX):
“A product mix (product assortment) is the set of the
all product lines & items that a particular seller offers for sale to
buyers”.
An organization with several product lines has a
product mix. Product mix need not consist of related products. In other
words, product mix is “the composite of products offered for sale by a
firm. It is a collection of products manufactured or distributed by a
firm. It is the full list of all products offered by a firm”. For eg. A firm
manufacturers, watches, machinery items, electric lamp etc. It has four
main characteristics:
• Length.
• Width.
• Depth.
• Consistency.

PRODUCTS OF THE TYCO:-

TYCO products are world class, meeting the highest
international standards. The company’s extensive marketing network
and sales service ensures high levels of customer satisfaction. TYCO
has concept that proper product should go to proper customer. Each
customer has an expectation from each product – mix. Following is the
Tyco’s product-mix.

1> S 20B
2>Slurry valves

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3> F 631 4> F990

5> F 631 6> F360/370

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7>F1/AR1 8>F1/AR1

9>R347/348 10>F310/312

11> F2/AR2 12>Rubber seated butterfly

Valves

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 13>Ball valves 14>Color port gauges &
Indicator

15>Automated KGV’s

PACKAGING & LABELLING

PACKAGING:
“The packaging of a consumer product is an important
part of the marketing plan. There are many factors to be considered
while designing a package.”
Packing means wrapping of goods before they are
transported or stored or delivered to a consumer on the other hand,
packing is the sub-division of packing function of marketing

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“packaging” has been defined as “an activity which is concerned with
protections, economy, convenience &promotional considerations”.

PACKING AND PACKING MARKING OF THE TYCO:

After goods are manufactured they are placed in a

finished goods store unit instruction are received for the product to be
packed for shipment against an order from overseas buyer. As and
when the instructions regarding export packing are received from the
export department. The product is sent to the packing department for
export worthy packing.
In the export business it is very important to follow
the instructions regarding packing marking and labeling received from
the overseas buyer.

PACKAGING AND PACKING:

Every exporter should be very careful in packaging and

packing which is or great importance in transportation as well as in the
safety of the goods weight measurements used in the export packing
are;

• Net: weight of product without packing.

• Net Net: weight of product without internal wrapping,
packing materials or packing case.
• Gross: weight of product plus weight of packing case
and packing material.
• Tare: weight of packing only.

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LABELING:
“Label is a part of the product which carriers verbal information
about the product or seller. It may be a part of a package or it may be
an attached directly to the product”.
Label may be a small slip or a printed statement. It may be a
part of a package or it may be attached to the product. It conveys
verbal information about the product and seller. The producer gives
necessary information to the consumers through the label. Labels are
of three types;
• A Brand Label.
• A Grande Label.
• A Descriptive Label.

LABELING AND MARKING OF TYCO:

On the request of importer, the exporter has to attach
particular types of labels price tickets etc. Which may be considered
factorable to his market, import trade control and customs may grant
this facility.

MARKING:

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 Shipping mark as requested by the overseas buyer should
be put on each packing case so that the consignment may be
identified throughout transit and on reaching its destinations marking
includes shipping marks of consignee like short name of the buyer.
Part of dispatch, part of destination, steamer’s name and bill of lading
number etc.
PRICE OF PRODUCTS (PRICING POLICIES)

“Price may be defined as the exchange of goods

&services in terms of money. Without price there is no marketing in
the society. If money is not there, exchange of goods can be
undertaken but without price i.e. there is no exchange value of a
product or service agreed upon in a market transaction, is the key
factor which affects the sales operations.”

“What you pay is the price for what you get.”

Price is exchange value of goods and services in terms
of money. Price of a product or service is what the seller feels it worth
in terms of money to the buyer.

PRICING POLICIES OF TYCO

Price is the one element of the marketing
mix the produces revenue. The other elements produce cost. Prices are
the assist marketing mix element to adjust product feature, channels &
even promotion take more time. Company handle pricing and Varieties
of wayes.
Valves industry is an oligopolistic industry. Here, few companies
producing and selling differentiated products.
Generally in valves industry the firms follow going-
rate pricing policy. Company decides its pricing policy based which are
affordable by the buyers.

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 The firm can charge the same price, more or less than the
major competitors. High import duties for global competitor to
establish menu based to be competitive (bound tariff 35% applied tariff
16.4%). One of the highest in India, The small firms follow the leader’s
price, in this situation the market leader’s price change when their own
demand or cost change and other firm accept that price to sustain in
the market.
ORGANISATION’S BUYING PROCESS

BUYING BEHAVIOUR PROCESS:

It contains eight stage of buying:

• Problem recognization
• General need description
• Product specification
• Supplier search
• Proposal solicitation
• Supplier selection
• Order routine specification
• Performance review

PROBLEM RECOGNISATION:

In this stage where the customer perceive a need for the

product but the exact product specification of the product are
generally not defined at this stage.
This is the stage where the customer has a problem, & is
looking for an acceptable solution. Problem recognisation may occur as
a result of internal & external stimuli.

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 The reorganization of our product may occur because the
company decides to develop a new product & needs new equipment &
materials to produce the product. A purchasing manager fined an
opportunity to obtain lower price & a better quality.

GENERAL NEED DISCRIPTION:

Once a need is recognize the buyer proceeds to determine

the need items general characteristics & require quantity. For standard
item, this is simple for complex item the buyer will work with other
engineers, users to define characteristics like reliability, durability or
price. Business marketer can help by describing how product meet or
even exceeds the buyer’s need.

The company wants to increase its sales hence they want

to change their values of the machinery & a need is described.

PRODUCT SPECIFICATION:

This stage when customer is more specific about what he is

looking for. He lays down the exact specification for the product. He
also decides about the service requirement. In short all the technical
specification is decided about the product in this stage.

The company is become more specific about the purchase

of the values product for their machinery.

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SUPPLIER SEARCH:

The buyers now try to identify the most appropriate

suppliers. The buyer can examine trade directories, contact other
companies for recommendation, watch trade advertisement & attend
trade shows. However, this base the most likely place to look is on the
internet. Websites are organized around two types of:
• Vertical hubs &
• Functional.

The buyers of our product search their requirement of the

product through internet & also through mailings & catalogues.

PROPOSAL SOLICITATION:
The buyer invites qualified supplier to submit proposals.
If the item is complex or expensive, the buyer will require detailed
written proposal from each qualified supplier. After evaluating the
proposal, the buyer will invite a few suppliers to make formal
presentation. Business marketers must be skilled in researching,
writing & presenting proposals.

Our company attends the informal meeting organized

by the buyer company send skilled business marketer to attend the
meeting. The company provides the buyer written proposal so that
they can verify the proposals of our company.

SUPPLIER SELECTION:

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 Once the technical evaluation is complete & the
supplier are short listed for final selection, commercial evaluation of
the proposal is done .Here the supplier are examined more closely on
their capability to meet the buyers requirement. This is the stage when
often negotiations take place between the buyer & the supplier. After
evaluation & negotiation, supplier is selected. In actual practice the
buyer generally select two suppliers so as to ensure uninterrupted
suppliers.

Our company provides product & extra services

as per the customer requirement, hence our company is closely
recognized by the buyer & it is selected by the buyer as one of the
companies selected by the buyer as one of the two companies selected
by the buyer. After long evaluation by the buyer our company is
selected.

ORDER ROUTINE SPECIFICATION:

After selecting supplier the buyer negotiates the final order,

listing & technical specification, the quantity needed, the expected
time of delivery return polices, warranties &so on in the case of
maintenance, to repair an operating items buyers are moving towards
blanket contract rather then periodic purchase order. A blanket
contract establishes long term relationship in which the suppliers
promise to re-supply buyers as needed. At agreed upon prices, over a
specified period of time.

Our company gives warranty of the product. It provides

product as per the buyer’s requirement & provides bulk order facility to

26
the buyer. Our company promises the buyer for resupply of the
product. It gives credit facility to the buyer.

PERFORMANCE REVIEW:

The buyer periodically reviews the performance of the

chosen supplier. Three methods are commonly used. The buyer may
contact the end user & ask for the evaluation, & the buyer may rate
the supplier on several criteria using a weighted score method. The
performance review may lead the buyer to continue, modify or end the
relationship with the supplier.

The company decides to purchase the valves of our

company. The buyers review our purchase the valves of our
company.The buyers review our product periodically & find that
because of installment of our valves in their machinery there is
increase in their production & quality of the product. Hence the buyer
maintains the long term relationship with us.

PRODUCT LIFE CYCLE

Every product has a life. Some live other live long. Ultimately
Whether product is short or long life it sale declines. During it’s whole
life a product passes through a different stages which is known as a life
cycle of the product.
A product life cycle means typical pattern of development of life
time sale of a product. The main stages of the product life cycle can be
stated as under.
• Introduction
• Growth

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• Maturity
• Decline
Any company making product has to pass from the above
stated stages & for that they apply some strategies.

PRODUCT LIFE CYCLE OF COMPANY

OUR COMPANY IS RECENTLY ON THE GROTH STAGE.

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 Our company increase sales & earning profit. The
product is consistent with consumer’s preferences within a short period
of time growth rate of sales begins to increase. Our customer satisfies
with first purchasing continue to purchase & canvass for the product
amongst other customers. As result the sales of our company
increases with the increase in production & average cost of production
declines increases. Our company’s profit is now at higher level. At this
stage our products begins to make a rapid sales.
STRATEGIES OF OUR COMPANY
• Increases the quality of the product & added new features of
the product.
• Increases the expenditure enhancing the trust of the people in
the product.
With the help of above marketing strategies the company
is increases it’s market share.
MARKETING STRATEGY:

We intend to further align with our customers needs by

focusing, our sales & marketing resources along key vertical markets,
including water & wastewater, oil &gas, food processing & general
industrial. We plan to continue expanding our product offering through
increased R & D investment in developing technologies as well as
through selective accusations & premierships. By continuing to invest
in out service & repair capabilities. We except to capitalize UN strong
industry demand for parts & after market services in our recurring
revenue business. We intend to leverage the breadth of our product
portfolio & our geographic capabilities to enhance our ability to meet
the customer requirements for global projects. We intend to capitalize
on growth opportunities in times in very emerging markets by
accelerating our investment in sales & marketing. We also our
investment in sales & marketing. We also intend to focus on improving

29
profitability through the optimization of our manufacturing footprint &
product offerings.

CHANNEL OF DISTRIBUTION
A channel of distribution or marketing channel is the
structured of intra company organization units & extra company
agents & dealers, wholesale, retail through which a commodity product
or service is marketed.
DISTRIBUTION CHANNEL USED BY THE COMPANY
Tyco company provides services of there product at various
location from all over the world. The Tyco service is distributed all over
the world so the marketing is to be done in EUROPE, MIDDLE EAST,
AFRICA, ASIA, and U.S.A, CANADA. IN INDIA LIKE BARODA, MADRAS,
KOLKATA, NEW DELHI. MUMBAI. This is the places where the services
are provided by the company.

DISTRIBUTION CHANNELS:

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 • Personal selling.
• Sales promotion with customer contact.
• Direct selling through e-mail.

The level of channel distribution is manufacturer to

customer. The most common group used for linking the product to
market from producer or manufacturers to consumer are as follows.
Manufacturer – Consumer:
There are three alternative in direct sales to
consumers.
• Mail order selling.
• Sales through traveling sales forces.
• Sales through retail shop of manufacturer.

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ORGANISATION STRUCTURE OF HR DEPARTMENT

“HRM is the planning, organizing and

controlling of the recurement, development, compensation,
integration, maintenances and reproduction of human
resource to the end that individual, organizational and social
objective are accomplished.”

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 Director (HR)

SR. general
manager

Dy. General
Manager

General Manager

Manager

Assist. Manager

Sr. Sr. Sr. Sr.

executives executives executives executives
(personnel) (welfare) (clerical) (legal)

ACTIVITIES OF HR DEPARTMENT

The following are the activities of HR- department

• Recruitment & Selection.
• Human Resource planning.
• Training & Development.
• Promotion & Transfer.
• Performance Appraisal.
• Wages & Salary structure.
• Employee Welfare.
• Human Resource Audit.
• Absenteeism Rate.
• Employees Turnover.

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HR has been focusing on

• Fostering a culture of leadership

• Leading strategic initiatives
• Establishing foundational elements

Five key HR Imperatives Emerged

• Live our values & behavior

• Improve talent supply
• Foster leadership development
• Enable competitive cost structure
• Simplify HR process & service delivery

Key Imperatives Link to Business Goals

HR Key Tyco goals: What We Seek To Achieve

Imperatives Growt Financial customer Operationa Governanc
h strengthe s l e
n & Excellence
flexibility
Live Our ● ● ● ● ●
Values &
Behaviors
Improve ● ● ● ● ●
Talent
Foster ● ● ● ● ●
leadership
developme
nt
Enable ● ● ●
competitive
cost
structure
Simplify HR ● ● ● ●
processes &
service
delivery

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SIMPLIFY HR PROCESS & SERVICE DELIVERY

ACTIONS:

• -Establish & reinforce global data standards &

accountability for data accuracy
• Process improvement & automation
• Improve connectivity of existing systems
• Leverage existing system

RECRUITMENT & SELECTION

RECRUITMENT:
“Recruitment is the process of searching
for prospective employees and stimulating and encouraging
them to apply for job in the organization.”
Company is always trying to attract
qualified & competent personnel for different jobs. This
includes of existing source of labour market, the
development of new sources, & the need for attracting a
large no. of potential applicants so that a good selection mat
be possible.

SOURCE OF RECRUITMENT:

INTERNAL SOURCE:
This includes personal already on the payroll of an
organization, i.e., its present working force. Whenever any
vacancy occurs, somebody from within the organization is
upgraded, transferred, promoted. This source also includes
personal who are once on the payroll of the co. but who plan
to return or whom the co. would like to rehire, such as those
on leave of absence.

EXTERNAL SOURCES:

These lies outside the org. they usually include:

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 New entrant to the labour force, i.e., young, mostly
inexperienced potential employees- the college students.
The un employed – with a wide range of skills and ability
Retire experienced persons such as mechanics, machinists,
vendors & accountants.
Other not in the labour force, such as married women &
persons from minority groups.

(a) RECRUITMENT METHOD & TECHNIQUES ADOPTING

BY THE COMPANY:

DIRECT METHODS:
-Sending traveling recruiters to educational &
professional institutions.
- Employees contact with public.
- Manned exhibition.

INDIRECT METHODS:
• Advertising in news paper.
• Advertising on radio.
• Trade & professionals journals.
• Technical magazines & brouchers.

THIRD PARTY METHODS:

• Private employment agencies.
• State or public employment agencies.
• School, colleges & professional institutes.
• Indoctrination seminar for professors.
• Employee referrals.
• Trade union.
• Casual labour or applicant at the gate.
• Voluntary organizations.

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 SELECTION:-

“It is the process of differentiating between

applicants in order to identify those with a greater like hood
of success in a job.”

SELECTION PROCESS:

Selection is a long process, commencing from the

preliminary interview of the applicants and ending with the
contract of employment. In practice, the process differs
among organizations and between two different jobs within
the same organization. Selection procedure for senior
managers will be long-drawn and rigorous, but it is simple
and short while hiring shop-floor workers. The generalized
selection process point:

• External Environment
• Internal Environment
• Preliminary Interview
• Selection Tests
• Employment Interview
• Reference and Background Analysis
• Selection Decision
• Physical Examination
• Job offer
• Employment Contract
• Evaluation

Tyco using the selection process with the

development of selection policies and procedure and
evaluation of potential employees in terms of job
specifications. This process includes the development of
application blanks, valid and reliable tests, interview
techniques, employee referral systems, evaluation and
selection of personnel in terms of job specification, , the
making up of final recommendation to the line management
and the sending of offers and rejection letters.

37
 It is mainly concerned with securing relevant
information about and applicant. This information is secured
in a number of steps or stages. The main objective of the
selection process is to determine whether applicants meet
the qualifications for a specific job and the applicant who is
most likely to perform well in that job.

[A] Selection procedure of the company

• Reception or preliminary interview or screening

• Application blank
• A well conducted interview to explore the facts and
get at the attitude of the applicant and his family to
the job.
• A physical examination
• Physical testing to explore the surface area and get an
objective look at a candidate’s suitability for a job.
• A reference check.
• Final selection approval by manager and
communication of the decision to the candidate.

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 .
PLACEMENT:-

“Placement is the determination of the job to

which an accepted
Candidate is to be assign & his assignment to their job. It is
a meeting of what supervisor has reason to thing; he can do
with the job demands.”

At the placement activities the HR manager

perfuming the various task like placing an employee in a job
for which he is best fitted, keeping in view he job
requirements, his qualifications and personality needs.

INDUCTION AND ORIENTATION:-

Orientation or induction is “the process

of receiving and welcoming an employee when he first joins
a company and giving him the basic information he needs to
settle down quickly and happily and start work.”

This activity which providing the introduction

of an employee to the organization and the job by giving him
all the possible information about the organization’s history,
objectives, philosophy, policies, future development
opportunities, product, goodwill in the market and in the
community, and introducing him to other employees with
whom and under whom he has to work.

Induction procedure of TYCO

• Give information about the timing and the place work.

• Introduction of the employees with his immediate boss
or supervisors.
• Introduction about the rules and policies of the
organization such item as vacations, probationary
period, medical absences, and suggestion systems.

39
 • Departmental orientation, this include introduction to
the department, explanation of the functions of the
department, job instruction and to go whom when he
should look for help at the time of problem.
• Verbal explanation is supplemented by a wide verity of
printed material, employees’ handbooks, flyers,
employee manuals, house journals, picture stories etc.
Employee orientation programmers usually cover
things like employee compensation benefits, personnel
policies, the employee daily routine, employee orientation
and operations, safety measures, and regulations. The new
employee supervisor is often giving an orientation
checklist. This helps to ensure that the supervisor has
covered all of the necessary orientation steps.

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HUMAN RESOURCE PLANING

“Human resource planning has been defined

as “The process by which mgt. determines how an org.
should move from its current manpower position to list
desired manpower position. Through it mgt. desire to have
the right number and right kind of people at a right place, at
a right time, doing things which result in both the org. and
individual receiving, maximum long range profit.”

TYCO’S MAN POWER PLANNING:

Tyco Valves and Controls using very

sophisticated manpower planning techniques. Here
personnel department continuously co-coordinating with the
related departments for right man power planning. Company
is using the process by which a management determines
how an organization should move from its current manpower
position to its desired manpower position. Through planning,
a management tries to fix the right number and the right
kind of people at the right places, at right time, to do things
which result in both the organization and the individual
receiving the maximum long – range benefit.

Personnel department of the Tyco Valves and

Controls doing their manpower planning with the
series of activities like:

• Forecasting future manpower requirements, in terms

of mathematical projections of trend in the economic
environment and development in industry. Also
analyzing the judgment estimates based upon the
specific future plans of a company.
• Making an inventory of present manpower resources
and assessing the extend to which this resources are
employed optimally.
• Anticipating manpower problems by projecting present
resources in to the future and comparing them with

41
 the forecast of requirements to determine their
adequacy, both quantitatively and qualitatively.
• Planning the necessary programmers of requirement,
selection, training, development, utilization, transfer,
promotion, motivation and compensation to insure
that future manpower requirements are properly met.

• Company is using the adequate process for the

manpower planning. Process mainly consist the
following steps.

• Deciding goals or objectives

• Estimate future organizational structure and
manpower requirements.
• Auditing human resources
• Planning job requirements and job descriptions
• Developing human resources planning

42
TRAINING AND DEVELOPMENT

TRAINING
Training is the process of increasing the knowledge and
skills for doing a particular job. It is an organized procedure by which
people learn knowledge and skill for a definite purpose. The purpose of
training is basically to bridge the gap between job requirement and
present competence of an employee. Training is aimed at improving
the behavior and performance of a person. It is a never ending or
continuous process. Training is closely related with education and
development but needs to be differentiated from these terms.

TRAINING & DEVELOPMENT:

Employee training is distinct from

mgt.development.Training is a short term process utilizing a
systematic and organization procedure by which non managerial
personnel learn technical knowledge and skills for a definite purpose. It
refers to instructions in technical and mechanical operations like
operation of machine. It is designed primarily for non managers. It is
for a short duration and for a specific job related purpose.
On the other hand, development is a long term
education process utilizing a systematic and organized procedure by
which managerial personnel learn conceptual and theoretical
knowledge for general purpose. It involves philosophical and
theoretical knowledge for general purpose. It involves philosophical
and theoretical educational concepts and it is designed for managers.
It involves broader education and its purpose is long term
development. Training involves helping an individual learn how to
perform his present job satisfactorily. Development involves
preparing the individual for a future job and growth of the individual
in all respects. Development complements training because HR can
exert their full potential only when the learning process goes far
beyond simple routine.

TRAINING & DEVLOPMENT OF THE COMPANY

43
 In any organization person at any level of hierarchy, have to
perform certain jobs, which in turn require certain competencies to
be present in the person. The type of competencies which are
required when compared to actually posses by that particular
individual gives an idea about gaps/lacunae, which are to be
addressed.

Here comes the role of training and development activities

which help in bridging the gap and thus making the individual
perform his job.

Types of training imparted at company are as under:

1 2 3
Under qualified Fresher Qualified/Experienced
Class room lecture Class room lecture Enhancement of
knowledge & skills
Work shop On the job Administrative and
managerial skill
On the job Rational training Cross functional
programmes awareness
Role playing Case studies T- group training
Apprenticeship(For
technical areas)

Human resource department (TYCO valves and control)

implementing this activity with increasing the capabilities of
individuals and groups so that they may contribute effectively to the
attainment of organizational goals. This process includes:

• The determination of training needs of personnel at all

levels, skill training, employee counseling, programs
for managerial professionals and employee
development.
• Self initiated development activities (formal
education), during off hours, reading and participation
in the activities of the company.

Under this area the training needs of the company

are identified, suitable training programs are developed, operatives
and executives are identified for training, motivation is provided for

44
joining training programs, the line management is advised in matter
of conducting training programs, and the services of specialists are
enlisted. The effective programs are evaluated by arranging follow-
up studies.

The essential components or steps of a comprehensive

management development programs performed by the TYCO valves
and controls. The programs are discussed below under the following
heads.

• Looking at organization’s objectives

• Ascertaining development needs
• Appraisal of present management talents

• Preparation of manpower inventory

• Planning of individual development programs
• Establishing of training and development programs
• Program evaluation.

45
TRANSFER PROCESS

“Transfer is a fathered shift

chousing movement of individual from one position to
another usually without including any marked change in
duties, responsibilities, skills needed or compensation.”

Personnel department is also performing the

transfer process by analyzing the placement of the
employee in a position in which his ability can be best
utilized. Moreover, this all things done by developing
transfer policies and procedures, counseling employees and
line management on transfer and evaluating transfer
policies and procedures.

PROMOTION PROCESS

46
 “A promotion is the transfer of an employee to a
job which pays more money or some preferred status.”
The two factors that affect promotion
primarily are;

• Merit
• Seniority

For the better promotion of the company adopting a fair,

just and equitable promotions policy and procedure. Here line
managers and employees have to be advised on these policies, which
have to be evaluated to find out weather they have been successful.

PROMOTION POLICIES OF THE COMPANY

Fair and multiple presentations here management is able to remove all

suspicions of arbitrariness, aphorism, and improvisation to suit
particular individuals.
To maintain the absence of over estimation or under estimation. And
promoting the people with the proper procedure and analysis.
Promotion is bases on either the “rank-in-the-job or rank-
in-the-men”. In former system, the contact of the job including the
level of skill, efforts and responsibilities form bases. In this system,
emphasis is laid on the job analysis, job evaluation, organizational
planning, etc. these determine the pay and status in the organization.
In the later system, emphasis is put on proficiency of the individuals. It
determines the position level in the hierarchy of career pattern.

PERFORMANCE APPRAISAL:

Performance evaluation or performance

appraisal is the process of assessing the performance and progress of
an employee or a group of employees on a given job and his potential
for future development. It consists of all formal procedures used in
working organizations to evaluate personalities, contributions and
potentials of employees. “Performance appraisal is the systematic,
periodic and an impartial rating of an employee’s excellence in
matters pertaining to his present job and his potential for a better
job.” It is the process of obtaining, analyzing and recording
information about the relative worth of an employee.
Performance appraisal and merit rating
are used synonymously. But strictly speaking, performance appraisal
is a wider term than merit-rating. In merit rating, the focus is on

47
judging the caliber of an employee so as to decide salary increment.
It is designed primarily to cover rank and file personnel. On the other
hand, performance appraisal focuses on the performance and future
potential of the employee. Its aim is not simply to decide salary
increments but to develop a rational basis for personnel decisions.
Merit rating measures what the persons is (traits) whereas
performance appraisal measures what the person does
(performance).

TYCO’S PERFORMANCE APPRAISAL:

When he does his work well the employee
naturally wants it to be a praised and recognized by his boss and
fellow workers. “Praises seem to have its greatest value when giving
and receive as recognition, and are not perceived by either party as
an attempt to control the behavior of the recipient.” Recognition
satisfies human needs for esteem by other and for self-esteem. This
recognition may be shown in the form of praise, of a pat on the back
of the employees or a recommendation for a pay raise, promotion, on
assignment of more interesting tasks. Awards may be given in the
form of articles, banquets honoring certain individuals, certificates
and plaques, too, may be given, or the employees name may be
entered on the Honors Board.
Such recognition may be generally given for
good workable suggestions leading to a reduction in time or cost or in
improving the quality of a product; for valuable services in an
emergency, as when a fire breaks out, or there is a breakdown, or
there are riots or accidents; exceeding the sales beyond the set
quota, and regularly in attendance on the job.
Collective recognition may be given by the
award of shield, a banner, or a certificate or by giving certificate,
special privileges or a money bonus to the employees.

WAGE AND SALARY ADMINISTRATIVE

The compensation and human resource committee is appointed

by TYCO for the purpose of:

48
 Review and approve compensation, benefits and HR policies and
objectives;
Determine whether the company’s officers, directors and employees
are compensated in accordance with these policies and objectives;
and
Carry out the board’s responsibilities relating to compensation of the
company’s executives.

In addition, the compensation and human resource committee

produces an annual report on executives’ compensation for inclusion
in the company’s proxy statement, in accordance with applicable
rules and regulations.

There are certain principals of wage and salary, which is

practicing by the HR department.

• Practice the definite plan to ensure that difference in

pay for jobs are based upon variations in the job
requirements, such as skill, effort, responsibility or
working condition and mental and physical
requirements.
• The general level of wages and salary should be
reasonably in line with that prevailing in the lab our
market.
• An adopting plan that carefully distinguish between
jobs and employees
• Equal pay for equal work.
• An equitable practice should be adopted for the
recognition of individual differences in ability and
contribution.
• There should be a clearly established procedure for
hiring and adjusting wage and salary complaints.
• The wage and salary should be sufficient to ensure for
the employees and for his family reasonable standard
of living.
• Maintaining flexible wage and salary structure so that
changing conditions can be easily met.
• Prompt and correct payments of the dues of the
employees must be ensured and arrears of payment
must be ensured and arrears of payment should not
accumulate.

49
 • The wage and salary payment must be fulfilling a wide
verity of employees including the need for self-
actualization.

SALARY & SALARY PAYMENT:

• An employee’s commencement of salary will be stated

in his/her letter of appointment.
• The annual salary review shall be effective from 1st
January of each calendar year. For employees with less
then one year of service any salary adjustment shall
be computed on the basis of the no. of completed
months of service.
• For staff salary will credit into their Bank Account. The
HR department will issues individual pay slips to
communicate their earnings & deductions & maintain
register to comply statutory requirement.
• Generally the salary will be paid before the 7th working
day of the next month.

BONOUS & EX – GRATIA PAYMENT:

• The company will pay annual mandatory bonus in

accordance with payment bonus act.
• The company may under normal circumstances pay an
ex-gratia payment to employees who are not covered
under bonus act.
• The Company may under normal circumstances pay
an ex-gratia payment to employees who are not cored
under bonus act.
• Any payment will be generally disbursed in the month
of October/November every year. I.e.15 days before
diwali festival.

EMPLOYEE WELFERE:

“Labour welfare means anything done for the comfort and

improvement, intellectual or social, of the employees over and above
the wages paid which is not a necessity of the industry.”

TYPES OF WELFARE SERVICES:

50
Employee welfare services may be classified into two broad
categories:
• Intramural: These services are provided within the
establishment. These include latrines and urinals,
washing and bathing facilities, crèches, rest shelters,
canteens uniform, medical aid, library, recreation
facilities, free or subsidized food, etc.
• Extra-mural: These services are provided outside the
establishment. These consist of housing
accommodation , transport , maternity benefits ,
children’s education, sports fields, family planning and
child welfare ,holiday homes, leave travel facilities,
workers cooperative stores, fair price shops ,credit
societies, vocational guidance, interest free loans, etc.

Tyco’s Employees Health and Safety Programme:

Health and Safety Policy of the Organization:

• Professionally managed and comply with the statutory
provisions by according high priority to health, safety
and environmental control programmes.
• Ensure that technology absorbed, assimilated,
upgrade and developed by the company lays
emphasis on safety in and around the work place.
• Insure continuous improvement in safety and health
aspect by carrying out safety audit, risk analysis,
hozop studies, etc.
• Constitute safety committees to promote safety
awareness and ensure participation of employees in
safety and health related functions.
• Organize structure training programmes on continuous
basis to educate employees and neighboring society
on safety, health and loss prevention and control
aspects.
• Ensure codification of safety standards and extend
services to parties associated with company on safety
aspects.
• Recognize contributions made by individual employees
towards safety and health aspects.

51
SAFETY COLOUR CODE:
Company is using the three colour code for the safety
maintenance: red, to indicate that a person should be stop; orange,
giving warning of danger, and green to identify the safety equipment,
escape routes, and first aid boxes.

EDUCATION AND TRAINING:

The goal of the company for the safety education is
two-fold;
• To develop safety consciousness among employees,
and build up a favorable attitude on employee part
toward safety measures and precautions.

• To ensure safe work performance on the part of each

employee by developing his skill in the use and
operation of safety equipment.

Employee Services:

Service Related to the Type to Work Performed:

Including the subsidies of the purchase and keeping of
work clothing and uniforms and of the various types of tools used by
a worker in the course of his work.

EATING FACILITIES:
This includes the provision of company canteen,
lunchroom, vending machines, and fully or partially subsidized food.

TRANSPORTATION FACILITIES:
Include parking lots and bus service. To ensure all
the employees reach the factory in time for the respective shifts in
view of insufficient public transport facilities. The pick up/drop up co.
whicle is also utilized as ambulance in times of emergency, if any.
Employee using his/her personal vehicle for official
purpore within the & cope of his portion will be compeneated by the
met age at the rate mentioned below;
Pay’s rate certain: motorcycle =3.10/km
For car = 6.60/km

HOUSING SERVICE:
Including company;
• Own housing projects

52
 • Subsidized housing

FINANCIAL AND LEGAL SERVICES:

Including sponsoring of loan funds, credit unions, income
tax cervices, legal aid saving plans, and group insurance plan.

GROUP INSURANCE:
• GROUP Accident: Every employee shall be covered by the
group accident policy for death and disability due to accident.
• To compensate the loss of earning due to unforeseen accident
and disablement due to accident.

RECREATIONAL, SOCIAL, CULTURAL PROGRAMMES:

Including athletics, parties, picnics, libraries and reading
rooms.

EDUCATIONAL SERVICES:
Which include sponsorship for off duty courses, educational
leave and scholarships for employees and their children.
MEDICAL SERVICES:
Including plant infirmaries, clinics and hospitals,
counseling service and referrals to community social services.

OUTPLACEMENT SERVICES:
Which include contact with other employers in the area,
help in writing up resumes, and secretarial assistance.

FLEXITIME:
The workers are permitted to build up their flexible
workday around acore of mid-day hours. It is call flextime because
the workers themselves determine there own starting and stopping
time.

HOLIDAYS:
There are public holidays granted by the company in
the calendar year. The list of holiday is circulated at the beginning of
the year to the respective departments.

FIRST AID:
In Tyco valves and Controls, First aid is given through time
office. Some general medicines are also given by time office
whenever it is needed like medicines for headache stomach pain,
band aid etc.

53
INDUSTRIAL RELATION:

“Industrial relation is concerned with the systems, rules and

procedure used by the unions and employees to determine the
record for effort and other condition of employment to protect the
interest of employee and their employers and to regulate the ways in
which employees treat there employee.”

• Halol Plant is running with Zero Industrial dispute rate since last
Five Years.
• Organized works Committee to arrived at mutual agreement for
working conditions and wage settlement.
• Zero legal Liabilities in terms of labor dispute and industrial
relations.

HUMAN RESOURCE AUDIT:

“HR audit refers to an examination and evaluation of
policies, procedures and practices to determine the effectiveness of
HR department.”

“Tyco follows the same Patten will be use in the

company.”

ABSENTEEISM RATE:

In to the Tyco Valves and Controls

attendance punching card are issued to all employees. Employees
have to punch their card two times while coming and while going. At
the prescribed time the print of the data of attendance is taken out
by the executive in the time office and it is sent to the personnel
manager.

54
 EMPLOYEE TURNOVER:

The employee turnover rate is 1.79% annually. Which is been

calculated by monthly record of the employee’s joining and leaving of
the organization.
The yearly employee turnover is as follows:

Opening No. of Employ Closing

balance Empl ees Left balance
Sl
Month oyees Attrition %
No.
Joine
d

1 January 201 3 4 201 0.98%

2 Februar 201 5 6 200 2.91%
y
3 March 200 4 1 203 0.49%
4 April 203 3 3 203 1.46%
5 May 203 4 5 202 2.42%

55
6 June 202 4 6 200 2.91%
7 July 200 9 3 206 1.44%
8 August 206 2 4 204 1.92%
9 Septem 204 0 0 204 0.00%
ber
10 October 204 0 2 202 0.98%
Novemb 202 2 2 202 0.98%
11 er
Decemb 202 4 3 203 1.46%
12 er
#DIV/0!

1.79%

56
 Production:-
“Production is a process of converting the raw material or
other inputs into the product for further production or the finished
goods or services so that the utility of the inputs are created and the
need of the customer is satisfied.”

Production management:
“Production management means creating and maintaining
an environment in which individual working together in groups willingly
contribute their best to produce the specified goods or services by
optimum utilization of raw material and other input so as to timely
satisfy the needs of the customer.”

57
ACTIVITIES OF PRODUCTION DEPARTMENT:

 Operate equipment as per the standard operating procedure to

produce product of specified quality and to achieve production
target
 Responsible for coordinating day-to-day maintenance activities
to get specified plant availability.
 Production departments have to deal with material handling
dept., maintenance dept., ppc dept., QC/QA dept. on day-to-day
basis.

Services and Products

Flow Control designs and manufactures a wide variety of valves,

actuators, controls, pipes, fittings and heat tracing products. Valve
products include a broad range of industrial valves, including on-off
valves, safety relief valves and other specialty valves. Actuation
products include pneumatic, hydraulic and electric actuators. Control
products include limit switches, solenoid valves, valve, positioners,
network systems and accessories. For the water market, Flow Control
offers a wide variety of pipes, valves, hydrants, house connections and
fittings for water transmission and distribution applications.
Flow control is also a global provider of heat tracing services
and products. In addition to these core products, flow control makes a
variety of specialty products for environmental, instrumentation and
other application. We manufacture these products in facilities located
through out the world. Flow control products are used in many
application including power generation, chemical, petrochemical, oil
and gas, water distribution, waste water, pulp and paper, commercial

58
irrigation, mining, food and beverage, plumping and HVAC. Flow

control also provides engineering, design, inspection, maintenance and

repair services for its valves and related products.

Flow Control products are sold under many trade names,

including Anderson Greenwood, Biffi, Crosby, Keystone, KTM,
Raychem, Sempell, Tracer and Vanessa. Flow Control sells
Its services and products in most geographic regions directly through
its internal sales force and in some cases through a network of
independent distributors and manufacturers’ representatives

RAW MATERIAL:
Installation in fire protection systems or for distribution.
Materials are purchased from a large number of independent sources
around the world. There have been no shortages in materials that have

59
had a material adverse effect on our businesses. However, significant
increases in certain raw material costs may have an adverse impact on
costs and operating margins. We enter into long-term supply contracts,
using fixed or variable pricing to manage our exposure to potential
supply disruptions.
PRODUCTION FUNCTION

TYCO OPERATION IS DIVIDED INTO FOUR MAJOR

FUNCTIONS.

• Product development centre.

• Valve automation centre
• Ware house for imported goods.
• Manufacturing standards and tailor-made valves.

PRODUCTION PROCESS:
The company is adopted depending upon the grouping of machines,
equipments & facilities different type of production process.
Tyco production process is defined as follows:
Production process is been divided into three shops
a. Machinery shops
b. Maintenance shop
c. Assembly shop
These three shops can be explained with the help of below
diagram

60
 MACHINERY SHOP

Production planning
/control (PPC)

Work order
Inspection
STORE
department

Process
sequence

Component
credit Final product
voucher(ccv)

One of the production processes is machinery shop.

This process can be explained as below.
• Firstly the production managers do the production planning and
control.
• Then the managers signed their copies to the store and machine
shop and work order is being placed.
• The process regarding the sequence is being maintained.
• The finalization of the product is being done and component
credit voucher is being prepared.
• Then the inspection department checks the product.

61
 • After finalize by the inspection department it is being stored in
the store.

MAINTENENCE SHOP

The following diagram below can also explain

the maintenance shop

Preventive

Predictive

Breakdown

The maintenance shop process is as follows:

• The preventive measures are taken so that no accidents or loss

occurs.
• Up to some extent prediction is being done so as to meet the
unforeseen circumstances.

62
 • If any kind of break down occurs corrective measures are to be
taken.

ASSEMBLY SHOP

The process of assembly shop is being explained by

the below diagram:

PPC (prod.
Work order Material receive
Planning control)

PCV(prod.
Credit voucher) DESPATCH Loading

Assembly
Inspection
report

PI (third party
Painting Testing
inspection)

The process of assembly shop can be explained as under:

63
 • The production planning and control is been done and the work
order is been released.
• The work order copies are being signed and then sent to the
assembly shop.
• Then the material is being received.
• The loading of the material is being done.
• Then testing and painting of the material is been completed.
• The third party does the inspection and inspection report is being
prepared.
• After that the product credit voucher is prepared.
• Finally the product is dispatched.
OPERATIONAL METRICS… HISTORY…

DESCRIPTION FY-05 FY-06 TARGET FY-07

On time delivery 31.41% 54.72% 86%
Customer 92% 120% 75%
complaints
In house 0.02% 0.20% 0.20%
rejection
Supplier rejection 1.07% 0.86% 0.50%
Man days lost 0 0 0
due to accident

0PEX INITIATIVES

• OTD- Improvement from 15% to 76% - target fixed 86% by end

of FY-07.
• Implementation of 5S
• Improvement of productivity through KAIZEN
• Widening of sub-vendor base
• Review of customer complaints & corrective/ preventive actions
to eliminate the root cause.
• Improvement in valve packaging to avoid transit damage

64
TECHNOLOGY USED:
The company in the form of machineries to make the final
product is used the various technologies.
The following are the available technology of the company
which is been used:

AVAILABLE MACHINERIES
Lathes
Heavy duty lathes -O4
NOS.
Conventional lathes -14
NOS.
Drilling machines
Pillar drilling machines - 03
NOS.
Radial drilling machine - 05
NOS.

65
Milling machines - 02
NOS.
CNC machines - 01
NOS.
Vertical turret lathe - 02
NOS.
Horizontal boring machine 80MM - 02
NOS.
Spindle size,
Welding systems
ARC welding machines - 02
NOS.
TIG welding machines - 01
NO.

CNC MACHINE CENTRE

66
CNC TURNING CENTRE

CNC DRILLING CENTRE

MANUFACTURING FACILITIES: ASSEMBLY

67
MATERIAL HANDLING SYSTEMS
MATERIAL HANDLING:

68
 Material handling is the art and science of materials in
any form from one place to another from receiving through operation
to final shipment stage, their packaging and storing. So that the time
and place utility is created at the lowest possible cost and space
through the use of proper methods and equipments. It includes lifting,
shifting, positioning, holding, releasing, stacking, conveying, elevating,
dropping, etc. of materials.

The following are the material handling equipments that are been
used by the company:

EOT CRANE 15 TON CAP, - 01 NO.

EOT CRANE 5-TON CAP, - 02 NOS.
EOT CRANE 2 TON CAP, - 01 NO.
EOT CRANE 1 TON CAP, - 01 NO.
JIB CRANE 1 TON CAP, - 02 NOS.
FORK LIFT 3.5 TON CAP, - 01 NO.
MANUAL TROLLEYS (2.5 TON CAP) - 06 NOS.

MACHINERIES REQUIRED

HORIZONTAL MACHINE CENTRE - 01 NO.

CNC TURNING CENTRE - 01 NO.

MATERIAL HANDELING EQUIPMENTS

69
E.O.T CRANES 2-TON CAPACITIES - 01 NO.

MACHINERY OPERATION STORES

There is the storage facility for the operation of the machinery. To
make the operation process smooth the machineries are adjust in the
suitable form to smoothen the production process.

70
QUALITY CONTROL & PRE-SHIPMENT INSPECTION
QUALITY CONTROL:
Quality control refers to those activities used to refer to a
specific organization within the industrial enterprise, which is assigned
responsibility for many of activities necessary to achieve quality
objectives.

INSPECTOIN:
Inspection is a art of determining the acceptability or non-
acceptability of the parts, products or services. Comparing the quality
of the product to the standard makes inspection.
Exports (quality control & inspection) act.

71
 When the goods are ready for shipment the exporter should
prepare for its pre shipment inspection. The supply of quality goods is
a must for hitting the international market & consolidating the position
in the existing market.
Pre shipment inspection is carried out the pursuance of the
foreign buyer. The Govt. of INDIA has launched a programmed for
quality control & pre shipment inspection under the exports (quality
control & inspection) act 1963.

INSPECTION BY BUYER’S AGENCY:-

Some items the foreign buyer lay down their own

standards/ specification which may or may not be equivalent with the
INDIAN standards including stipulates under the quality control
regulations. For this purpose the overseas buyers nominates their own
agencies persons to supervise the production of goods & or carry out
inspection before the shipment.

Types of pre shipment inspection.

• Consignment- wise inspection
• In- process quality control
• Self- certification schemes
• Fumigation of consignment.

QUALITY SYSTEM

For maintaining the quality of the product the company maintain

the quality system for that the company follows the quality system
process. The quality system process of the company can be explained
by the following chart and figures.

The quality system process is divided in the following steps:

72
 • Receiving inspection.
• In process inspection.
• Hydro test.
• Final inspection.
• Calibration.
• Quality system audit.

With the help of following flow chart the quality system process
is explained.

QUALITY SYSTEM

Quality
Receiving In process Final Calibratio
Hydro test System
inspection inspection Inspection n
audit

- Raw material - Stage - Bodies -

Instrument - Assessment
- Bought out Inspection -
Gauges - Surveillance
- Sub contract - Jigs
- Performance
-
Fixtures - In house

• The inspection received of raw material is the first major

most step of the quality system.
• Then the in process inspection i.e. the stage inspection is
performed.
• Then the hydro test of the bodies is been done.
• Then the final inspection is been performed.
• After the final inspection the calibration of the jigs,
fixtures, gauges & the instrument is done.
• Lastly the quality system audit by vendor assessment,
vendor surveillance, vendor performance & in house is done.

MACHINES USED FOR THE QUALITY SYSTEM:

73
 For the testing facility or inspection of the quality of the product
two types of machineries are used.

• Micro hite.
• Hydro test.
• Co-ordinate measuring machine.

74
75
STRUCTURE OF FINANCE DEPARTMENT

Bharat Mehta
Finance controller

Manoj
shah Dhiren Sandeep
Mangesh Mafat Ashwin
Assista barot Kashikar
jadhav Patel patel
nt Finance a\c
Senior Executive Executive
finance manage manager
account finance a\c
manage r
r

Girish patel
Accountant

FUNCTION OF FINANCE DEPARTMENT

1 Budgeting & planning

2 Taking loans
3 Issuing shares
4 Balance sheet & annual report
5 Cash budget, inventories

76
6 Working capital

BUDGETING CONCEPT:

The concept of ‘going concerns” has become an

established rule for modern business houses. The organization always
strives to adapt itself to the changes in dynamic world. Thus, every
organization has to make plans for expansion, diversification,
modernization, replacement of obsolete assets etc.on a regular basis.
All these plans require huge investment to be made. Of course, the
benefit out of these schemes is spread over many years. Spending
money in the acquisition of such permanent facilities is called capital
expenditure and planning of such expenditure is called “capital
budget”

Budget is an important tool of profit planning. Budgeting as

a tool of planning is closely related to the broader system of planning
in an organization.planning involves the specification of the basic
objectives that the organization will pursue and the fundamental
policies that will guide it.

WHAT IS BUDGET?

“Budget is a quantitative and/or financial statement prepared prior to

a defined period of time reflecting the policy to be pursued during that
period for the purpose of attaining a given objective”. The definition of

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‘Budget’ gives a complete picture of the concept of budget. It is an
action programmed prepared to achieve the set objective of the
enterprise.
This programmed is implemented for the coming financial period. It is
prepared on the basis of existing or historical data and with certain
assumption. Standards are also set to compare the actual
performance. Thus, it is a time bound plan of action to be implemented
for a specific coming period.

DEFINITION:
A budget is defined as a ‘comprehensive and coordinated plan,
expressed in financial terms, for the operations and resources of an
enterprise for some specified period in the future.’

“A budget is an estimate of future needs arranged according

to an orderly basis, converting some or all the activities of an
enterprise for definite period of time”.
Geor R.
Terry
As we have already discussed, budget is the expression of
firm’s planning financial form for period of time in future. Here we have
taken a few budgets to understand the same.

ISSUING SHARES:
SHARES:

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 A share is one of the unit into which total requirement of
capital is divided. The share is basically divided into two types. 1.
Equity share 2. Preference share.

Purchase or Acquisition of Shares by Company. The Board of

Directors may, at its discretion, authorize the purchase or acquisition
by the Company of its own shares of any class pursuant to and in
accordance with sections 42A and 42B of the companies act upon such
term as the board may determine. Any shares so purchased or
acquired may be either cancelled or held in treasury any such share
there was or is treated as having been acquired and held by the
company, which share has been continuously held by the company
since it was acquired, is referred to herein as a ‘‘Treasury Share.’’
All the rights attaching to a Treasury Share shall be suspended and
shall not be exercised by the company while it holds such treasury
share and treasury shares shall be excluded from the calculation of
any percentage or fraction of the share capital
or shares, of the Company as provided by the companies act.
Subject to the provisions of these Bye-laws, any shares of the
Company held by the
Company as Treasury Shares shall be at the disposal of the Board,
which may hold all or any of such shares, dispose of or transfer all or
any of such shares for cash or other consideration, or cancel all or any
of such shares.

Trading Statistics
Price & Volume

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Recent Price 43.18
Trade Date 06/20/08
52 Week High 54.17
52 Week Low 31.01
52 Week Price Percent Change -19.53%
YTD Price Percent Change 8.90%
Volume (10 Day Average) (000) 2,883.40
Beta (5-Year) 1.16

Share Related
Market Cap (Total, All Common Classes) (mil) 20,895
Shares Outstanding (Total, All Classes) (mil) 482.24
Shares Outstanding Average, latest FYE (mil) 495.00

STOCK QUOTE & CHART:

TYC (Common)
Price 43.18 Change - 0.59
Volume 3,108,925 % Change 1.35%
Intraday High 43.80 52 Week High 54.17
Intraday Low 43.01 52 Week Low 31.01
Today's Open 43.79 Currency US Dollar
Previous Close 43.77 Exchange NYSE

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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
_ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended September 28, 2007
OR
_ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
001-13836
(Commission File Number)
TYCO INTERNATIONAL LTD.
(Exact name of registrant as specified in its charter)
Bermuda 98-0390500
(Jurisdiction of Incorporation) (IRS Employer Identification No.)
Second Floor, 90 Pitts Bay Road, Pembroke HM 08, Bermuda
(Address of registrant’s principal executive office)
441-292-8674
(Registrant’s telephone number)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
Common Shares, Par Value $0.80 New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities
Act. Yes _ No _
Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the
Act. Yes _ No _

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Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes _ No _
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant’s knowledge, in
definitive proxy or information statements incorporated by
reference in Part III or this Form 10-K or any amendment to this Form
10-K _.
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer.
See definition of ‘‘accelerated filer’’ and ‘‘large accelerated filer’’ in
Rule 12b-2 of the Exchange Act (check one):
Large accelerated filer _ Accelerated filer _ Non-accelerated filer _
Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange
Act). Yes _ No _
The aggregate market value of voting common shares held by non-
affiliates of the registrant as of March 30, 2007 was
approximately $61,353,813,918 or $24,060,223,857, as adjusted for
the one for four reverse stock split and Separation described herein.
The beneficial common share holdings of all executive officers and
directors of the registrant as of October 2, 2006, have been
deemed, solely for the purpose of the foregoing calculation, to be
holdings of affiliates of the registrant.
The number of common shares outstanding as of November 22, 2007
was 494,815,892.

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WEBSITES:
 www.TYCO.COM
 www.TYCO INDIA.COM
 www.TYCO FLOW.COM

BOOK REFERENCE:
 MARKETING MANAGEMENT (KOTTLER)

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