Bharat Electronics limited A Navratna Company

Panchkula

BEL AT A GLANCE• Established in 1954 in bangalore Bharat Electronics Limited (BEL) is a

Government of India undertaking set up under the Ministry of Defense• Established primarily to meet strategic defense electronics needs of

the country. • With nine manufacturing units located in Bangalore, Ghaziabad,

Panchkula, Kotdwara, Pune, Taloja, Hyderabad, Chennai & Machilipatnam, Bharat Electronics commands a strong presence in practically every vital area of professional electronics in the country.

• Awarded the coveted ISO 9000 certification, the benchmark of international quality, QCC Award, DSIR (Dept. of Scientific & Industrial Research) Award for Development & Engg, CII-Exim Bank Excellence Award for Strong Commitment To Excel .

Contd…

• philosophy is epitomized on its motto “Quality, Technology, Innovation”.

• With in-house R&D and state-of-art manufacturing facilities, BEL manufactures a wide range that encompasses Semiconductor Devices, Professional Vacuum Tubes, Crystal Devices, and Solar Cells & Systems

Mission,vision & objective

VISION To be a world class enterprise in professional

electronics

• MISSION • To be a customer focused,globally competitive

company in defence electronics & in other chosen fields & products.

Objective

• To become a customer-driven company supplying quality products at competitive prices at the expected time & providing excellent support

• To achieve growth in the operations commensurate with the growth of professional electronics industry in the country

• To generate internal resources for financing the investments required for modernization, expansion & growth for ensuring a fair return to the investor

Contd…

To strive for self-reliance by indigenization of materials & components in order to meet strategic needs of defence of the nation.

• To attain the technological leadership of the company in defense & other chosen fields of electronics through in-house Research & Development as well as through partnership with the defence/research laboratories & academic institution.

• To progressively increase overseas sales of its products & services

• To give value for money to customers and & create wealth for shareholders

Joint ventures

• BEL has established two joint ventures – with General Electric Medical Systems, USA for X-ray tubes & Multi tone,

• UK for paging systems & has a subsidiary company BEL Optronic Devices Limited for the manufacture of Image Intensifier tubes.

Manufacturing units of BEL across inida

PRODUCTS OF BEL

• Integrated circuits and micro circuits• X-ray tubes and magnetrons• B/W picture tubes• HF & broadcast equipment• Radars• STARS-V• SECTEL• CNR• HUD• ACME MK II• SPACE GUIDING EQUIPMENTS• AIRBORNE GPS RECEIVER (UA-429)• PRIME• LUP• SRAX• TIDEX• SECURE FAX• SECURE TELEPHONE

PRODUCTS OF BELDEFENCETank driving simulator

Wireless message transfer unit

DEFENCE

RADARS (3 D SURVEILLANCE RADARS)FOR AIR DEFENCE

HANDHELD RADIO TERMINAL

3D Mobile Radar(PSM 33 Mk II)

NON DEFENCEELECTRONIC VOTING MACHINE

TELECOM

ISOTROPIC DOPPLER WEATHER RADAR

TV & BROADCAST

SIMPUTERS

ELECTRONIC COMPONENTS

PROCEDURE FOLLOWED DURING DECISION MAKING

• BEL has a well-defined system of decision making with adequate channels of supervision and accountability. Proposals requiring decisions of any nature are initiated at appropriate Executive level at the Units/Offices and at the corporate level. Proposals generally pass through a minimum of 3 levels before they are approved. All proposals having financial implications are routed through respective Finance Departments/Divisions. Powers sub-delegated to various approving authorities are clearly spelled out in BEL’s “Sub-Delegation of Powers”

• Document, where required, Departmental/Divisional/Unit committees are formed to facilitate decision-making. Major policy decisions and decisions going beyond the sub-delegation of powers up to CMD level are put up to the Board for approval. A detailed Organizational Chart of BEL, clearly spelling out the areas of responsibilities at various levels, is appended herewith.

SWOT ANALYSIS

• STRENGTHS• Strong R&D BASE- in- house as well as by close

association with DRDO Labs• Well-established system & procedures• Skilled, dedicated & motivated work force.• Compatibility to provide lifetime product support• WEAKNESSES• Low risk taking ability not proactive enough• Lack of aggressive marketing• Dependence on defense sector

OPPORTUNITIES &THREATS

• System solution business• Export through offset mechanism• Strategic alliances• THREATS• Private sector participation in defense production• Sourcing of technology- non- availability &

exorbitant cost• Large number of international players

SECTION OF F&A• PAYROLL:• It is very important section of finance and account

department. In it basically salary is calculated. When salary is calculated the date is consider 23rd of last month to 22nd of current month

• When salary is calculated following item are taken into consideration.

• BASIC SALARY• DEARNESS ALLOWANCE (Current rate is16.9% of B/S)• H.R.A (Current rate is 20% of B/S)• TRAVELLING ALLOWANCE• TIFFIN ALLOWANCE AND ETC

CASH SECTION

• This section deal with • the payment through RTGS or ECS mode

made to supplier• EMPLOYEE• Miscellaneous expenses• CONTRACTOR ON THE BASIS OF BILL• Bank reconciliation

Sales • Sales section• A contract review meeting regarding the amendments in the contract

term agreement is done and upon the successful clearance of the product sample

• sales order is made and outbound delivery is done followed by the raising of invoice and charging of tax and excise duty charge as applicable.

• Payment is made as per the defined procedure.• 15% payment is rec. as an initial advance.• 35% payment is rec. for purchasing the material.• Another 35% payment is rec. when storage is done and completion it to

finish product.• 10% payment is made when equipment is sent to store of the party.

Purchase section

• Purchase order is given• Now goods are rec.• Now goods are inspected.• Now goods are accepted with invoice.• Now G/R Pricing is made.And then finally the payment is made.

Miscellaneous section

• Payment made on annual maintainance contract like maintainance of computer and related device.

• Payment related to bill of canteen.• Payment made on electricity payment• Payment made on telephone bill • Payment like suggestion given by employee.• Payment made on delivery charges like trucks that is supply

charges like loading and unloading charges and so on. • The payment related to above expenses is according to term

and condition of contract that is made by BEL with this part when payment is made all terms & condition is followed.

AUDITORS EVALUATION

• Its sales turnover had increased to Rs 5,550 in 2010-11 from Rs 5,220 crore in 2009-10 registering a growth of 6.3 per cent.

• The PSU registered a growth of 77 per cent in its exports turnover from USD 23.65 million in 2009-10 to USD 41.89 million during 2010-11.