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A
PRODUCT PROJECT REPORT
ON
:: PREPARED BY ::
MAKWANA HETAL G.
F. Y. B.B.A.
:: GUIDED BY ::
PROF. ABHIPSHA VAGADIYA
::COLLEGE::
T.N.RAO COLLEGE RAJKOT
:: SUBMITTED TO ::
Saurashtra University
Academic Year - 2007-2008
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First Year Bachelor of Business Administration
Academic Year: 2007-08
Submitted To
Saurashtra University Rajkot
T.N.RAO COLLEGE OF MANAGEMENT STUDIES
RAJKOT
Prepared by Guide: Hetal Makwana Mrs. Abhipsa Vagadia
FY B.B.A.
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DECLARATION
I, Miss Makwana Hetal G. the student of F.Y.B.B.A.
here by declare that the project work presented in this
report is prepared by me. I abide by this that work has
not been previously submitted it any other university for
any other examination and it is own work and being done
under the supervision of Prof. Abhipsha Vagadiya.
M
akwana Hetal G
F.Y.B.B.A.
T.N.Rao College
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PREFACE
In our F.Y.B.B.A. Syllabus, We have to take
Compulsory industrial visit, Which is included a subject
in our syllabus, the main aim of arranging such visit is fir
guiding practical knowledge and experience in the
various files of management to this student for the
various files of management to the student.
Practical knowledge is the best experience tounderstand the theoretical aspect of any field. In
Management sometimes it may be possible that
management parties are differs from management
theories but mostly to run any organization smoothly the
theories are applied and they be come practical.
The B.B.A. course has its own distinguished and
unique solidarity by professional course. One of the basic
requires during the study terms for the student of B.B.A
is to under take visit to any industry to take practical
training.
The objective behind this type of practical training
F.Y. level is to develop among students feelings of
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industrial environment and constitutes and business
patterns.
In this context practical
training program during or academic year 2007 2008, I
have visited at Makson Eng. Export located at
Surendranagar.
I here that this report would better serve the need of
enriching and increase the practical knowledge of
F.Y.B.B.A. Level.
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ACKNOWLEDGEMENTS
I am hearing by indented to “Makson Engineering Export”
for giving me the permission to prepare the project
report of their huge organization. I am very thankful to
Mr.Dhanjibhai Makasana and his staff for giving me all
details and information about “Makson Engineering
Export”.
I am very thanking to Prof.Abhipsha Vagdiya who
helped me to collect the true information along with the
concerned officers of the unit. I have tried my level best
to present available information in the best possible way.
This is my great for to present this report. I hope this
report will satisfy you.
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INDEX
Sr. No. Particulars
1) Introduction
2) Year of Establishment
3) And brief history
4) General information
5) Form of organization and organization chart
6) Location
6) Various Departments6.1) Production Department
6.2) Financial Department
6.3) Marketing Chart
6.4) Personal Department
7) Quality control Department
8) Research and development Department
9) Industrial Relation
10) Problems and Suggestions
11) Conclusion
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INTRODUCTION
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The personnel function is concerned with the
procurement, development, integration and maintenance
of the personnel of an organization for the purpose of
contribution towards the accomplishment of the unit’s
major goals and objectives.
Personnel management is very important in the
smooth functioning of any kind of organization. Whether
it is a manufacturing firm, a government organization or
a non – profit making trust or club. Man is an active
factor of production which controls and co-ordinates all
other factors.
Makson Engineering Export Located at
Surendranagar is the most leading industrial units of
district. It was established in 1st March 1997
This unit produces machineries like chocolates
machines processing and packaging machineries.
Works are continuously
encouraged and motivated from management. The
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relation between managers and employees is very nice.
The unit believes in human resources development and
files to help their workers in the best possible way.
This unit is also very conscious about its products.
They check their product. It take care very much of
manufactured machineries still it is not to be sales. This
unit works very nicely.
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BRIEF HISTORY
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The form of orgation of Makson
Engineering Export is sole proprietary concern. This unit
is making growth since 1997 because of their hard work.
The proprietary of makson Engineering Export is
Dhanjibhai Amandijibhai Makasana. He had been
awarded import Substitution award for developing and
manufacturing cut and wrap machine first time in India
he is also member of IIC.
He 5started this unit in Surendranagar to diversity
and expand the business in manufacturing complete set
of processing and packaging machineries for food
confectionery and pharmaceuticals. There are many
branches of Makson’s Company which are stared in India.
The Makson Company produces many things like
food confectionery and pharmaceutical. If also produces
the machineries which are need for processing and
packaging of food, confectionery and lakes but in present
time it has total 85
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GENERAL INFORMATION
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Name of Organization : Makson Engineering
Export
Office: - Makson
Engineering Export
Rajkot High way
Surendranagar
Year of Establishment : 1997
Form of Organisation : Proprietary concern
Accounting Year : April to March
Main Product : Food, Confectionary and
Pharmaceuticals, processing
and packing machineries.
Visited unit product :
Name of product Initial Stages
Lathe machine 1, 00,000
Snapping machine 1, 25,000
Hero machine 35,000
Hand drill 5,000
Air compressor 25,000
Tools, drill, table, etc… 85,000
Generator set 25kva 1, 00,000
Welding machine 25,000
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Major Market : All Over in INDIA and EGYPT,
U.S.A. etc
No. of Employee : 131
Weekly off : Thursday
Bankers : S.B.I. & I.C.I.C.I.
Legal Advisor : C. P. Patel
Auditors : D. D. Shah
Phone : +91-02752-285991
E-Mail :
Fax : +91-2752-285009
Web site : www.makson-group.com
Promoter’s Name : Dhanjibhai Anandjibhai
Makasana
Size of unit : Small Scale Unit
Power Facility : From P.G.V.C.L.
Working Hours : 8 Hours
Competitors : Many big Companies
Bonus to workers : As per Government rule
Shift : Two shift 8 to 12 and 1 to 5
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Meaning of Sole Proprietorship
Sometimes known as a one man business is a type
of business unit where one person is solely responsible
for providing the capital for bearing the risk of the
enterprise and for the management of the business.
J. L. Hanson
Makson Engineering Exports is sole proprietary
concern. Above in definition are see about sole
proprietorship Dhanjibhai started it with 48 Lakes where
36 Lakes of his own and other 12 Lakes are taken from
his friend and relatives. Now he has 1 Core.
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ORGANIZATION CHART
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Chairman
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INDUSTRIAL LOCATION
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Location of industrial means the place where the
industry is established a location requires intensive
thinking and implementation it may contribute either to
success or to loss. It one wants to change in location it is
very difficult It location is proper then company gets
success.
When the Organisation is located is highly effected
to its evolution location of an industry in other words
“The method and desirability and concentrating industry
in different areas of location”.
“Makson Engineering Export” is located at Rajkot
Highway, Surendranagar. We way give some reasons for
it why if was started at Surendranagar.
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RAW MATERIALS:
Raw materials very important toll for the production of
any product if is basic need for any products. Makson
Engineering Export has easily available for this unit form
Mumbai, Rajkot and Ahmedabad.
AVAILABILITY OF LABORS
Adequate supply of skilled and cheap labour is
necessary for the smooth running of the business. The
factor of labours is important in business.
Workers are available from near the city.
Various labours in this unit
A. Skilled Employees.
B. Unskilled Employees.
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MARKET:
Market is the flood of any industry as well as
finance. If the Industry is near to the market, then the
product of the unit can be easily sent use full for the
production. Makson Engineering Export is used power
facilities to the market and transportation cost also
reduces so industry gets bests marketing. Industry does
not face any problem about marketing.
The present status of marketing is handled sole
marketing agent who he had large contact of the
international level so this unit gets big market and no
needs of franchise.
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PRODUCTION DEPARTMENT
INTRODUCTION
Production is an important part of any industry. It is
the heart of the firm. The whole firm functions for the
purpose of producing something.
DEFINITION
Production management is the process of planning
organizing, directing and raw materially the activities of
the production function. Production function is the
conversion of raw materials into finished products.
“Makson Engineering Export” unit produce packing
and processing machineries, these all items will have to
be manufactured every month as per requirement.
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RAW MATERIALS
1) C. I. Casting and gunmetal casting.
2) M. S. Casting.
3) Aluminum Casting.
4) S. S. Sheets and Plates.
5) Bearings.
6) Nut Bolts.
7) Electric Motor and electric
8) Switches and wire cord etc.
9) Paints, Brushes.
10) Cooker etc.
11) Vacuums Pump and Gear Bod.
12) Panel Board.
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MANUFACTURING PROCESS
The manufacturing processes for producing
machineries are as under:-
1. Body of machine is purchase in the form of
casting and other parts are purchased in the form
of steel bats.
2. Body of machine has machining operation onradial drilling machine for drilling boarding.
3. Steel Bars/Shafts are processed on lathe machine.
4. Body of machine with manufactured parts
together with brought-out parts like bearings
electric motor reduction gear box nut-bolts panel
board is assembled.
5. Machineries will be spraying by colours.
6. Final assembly process will be carry-out.
7. Ready machine will be packed in wooden cases
for dispatch.
P.S. Some of the parts sub assembly
To be prepared outside by job-work critical
components which can be produced on machinery will be
manufactured in plant.
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FINANCE DEPARTMENT
DEFINITION:
Finance is that administrative area r set or
administrative functions in an organization which relate
with the arrangement of cash and credit, so that the
organization may have the means to carry out its
objectives as satisfactorily as possible Howard.
Finance is lifeblood of fusinets it is rightly termed as
the science of money we need finance for the production
of goods and services as well as that distribution of
financial requirement in about future and decided ratio of
fixed capital and working capital take into future.
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IMPORTANCE:
1. Success of Promotion.
2. Smooth running of enterprise.
3. Cash Planning.
4. Finance for expansion.
5. For long time survival of business unit.
6. Efficiency.
In Makson Engineering Export has finance
department which is handled by Kanubhai A. Patel. The
financial organization of this unit is as under in graphical
form.
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PROFITABILITY:
Makson Engineering Export having main purpose of
maximizing the genetics utilizes internal approvals to
make long term source without borrowing form outside
source. Hence, by the way there is long term finance
for utilization of funds is obtained easily.
Sales: 40652851=33 Rs.
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INTRODUCTION
Marketing management is a business disciplinefocused on the practical application of marketing techniquesand the management of a firm's marketing resources andactivities. Marketing managers are often responsible forinfluencing the level, timing, and composition of customerdemand in a manner that will achieve the company'sobjectives.
Philip Kotler and Kevin Lane Keller define
marketing management as "the art and science of choosingtarget markets and getting, keeping and growing customersthrough creating, delivering, and communicating superior
customer value”.
Marketing management is an important area of
business. Production of good is meaningless unless the goods
are slot. Marketing enables a business. The term of
marketing has been derived from a word from market. A
market menace the buyer and seller of a product and the
interdict who facilities the purchases and sell. Marketing
means, by which product are matched with the demand and
through which the consumer is able to use and enjoy the
product.
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VIEW OF MARKETING MANAGER:
As per the view of the marketing manager, the marketing
activity is most important then other activity of business. The
channel of distribution plays an important role in market
activity in the movement of flow of funds. If any firm adopt
long channel then for him that is very harmful for the bank.
In the bank marketing activity is related to give more
loan and getting money from the public.
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ADVERTISING
Advertising is a one-way communication whose purpose is toinform potential customers about products and services andhow to obtain them. Every major medium is used to deliver
these messages, including: television, radio, movies,magazines, newspapers, video games, the Internet (seeInternet advertising), and billboards. Advertising is oftenplaced by an advertising agency on behalf of a company.
Advertisement decision is a very crucial decision
because it may effect and reflect the whole marketingstrategy. Through advertisement we can increase the salesor produce more and more production.
Makson Engineering gives advertisethrough………….
News Papers
Magazines
Television
Hoardings
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MARKETING DEPARTMENT
DEFINITION:
Marketing mgt is the process of planning and
executing the conception pricing promotion and
distribution of ideas goods services to creates exchange
that satisfy individual and organization objectives.
- Philip Kotler.
MARKET & MARKETING RESEARCH
Marketing research may be defined as “The scientific
and controlled process of gathering of non routine marketing
information helping management to solve marketing problems.
Forge & Forge Pvt. Ltd. uses various elements for
marketing research for e.g.
Decision tool:-
Here marketing decision rely more and more
on formal, marketing research studies and on
going marketing information system. Sometimesthe company also undertakes a scientific approach.
Scientific approach:-
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Here the researches adopt a rational outlook
based on reason and logic, Accuracy is insured in
observation, calculation and reporting, the process
is standardized.
Forge & Forge Pvt. Ltd. does not utilize theelement of intensive study in marketing research.
PRODUCT PLANNING
Product planning means planning or the product that is
to decide what type of product is to be produced or what
needs and requirement or to satisfy for whom the product is
made in Forge & Forge Pvt. Ltd. product planning is done as
per requirement of consumer & cost control is given higher
consideration. It is seen that productivity of the goods
manufactured is higher to sustain in the market.
PRISING
Pricing means fixation of value of product in monetary
terms. Pricing governs the very feasibility of marketing
program.
Price is a fine mechanism to convert into rupees and
paisa at the preserved value of a product to a consumer at
appoint of time.
In the Forge & Forge Pvt. Ltd. the method used for
pricing a product is cost plus mark up method.
Price=production expenses to various heads + labor
charge + profit margin.
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Forge & Forge Pvt. Ltd. adopts variable pricing
policy where discrimination is made between the buyers. Here
the prices are negotiable. Large and valuable customers are
offered lower price & better discount.
The objectives kept in mind while determining the price
of products are
1) Market share
2) Sales growth
Marketing mgt is the heart of management marketing
consists of those efforts which effect transfer in
ownership of goods and care for the physical distribution.
The marketing purpose of a industry unit is to create
a customer. Marketing is divided in three categories.
- Local Market.
- National Market.
- International Market.
“Makson Engineering Export” is producing
accounting to customer’s demand and some foreign
contract.
Its products mostly supplied to USA, Bombay
Chennai etc.
PRICING POLICY:
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Pricing a marketing function form the price of a
product as compared with quality, quantity and the
package offered by the terms to determines whether he
will have anything with the terms or not.
Here, Makson Engineering Export has not
determined price in sequence. The unit determined price
in basis of using raw materials its quality, quantity and
time.
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PERSONNEL DEPARTMENT
DEFINITION:
Personnel management is concerned with the
obtaining and maintaining of satisfactory and satisfied
work force.
- Dr. George. R. Terry
Personnel mgt is concerned with human relation; it
is also concerned with procurement development and
maintenance of a satisfactory and satisfied labour force
through requirement promotion and transitory.
Personnel Department is also most important
department some responsibility of workers.
The record is a piece of written or a chart which
provides ready information and which preserve evidence
for future reference of behaviors opinion efficiency it is
helpful in job analysis and promotion policy.
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Mat lays down more emphasis in the human
elements in the need of human resources in U.S.A.
companies and many big companies of other country
spend 60% money o their profit for human being
resources we can clearly see the important given to the
human elements it is very essential to
Avoid the level of mgt.
Mr. Chaturbhai P. Patel is in-charge of personnel
department he always find new talent for Company.
The industry providing basic facilities to workers well
as provides vast opportunity for development though
mat.
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RECRUITMENT AND SELECTION:
It is prime duty of personnel department to procure
and maintain an adequate qualified working force of
various personnel for managing the organization.
Requirement is a process to discover the sources of man-
power to meet the requirement of the staffing schedule
and to employ effective measures for attracting that man
power in adequate members to facilitate effective
selection of an effective work force.
REQUIREMENT:
It is first step in employment process which is for
developing man-power efficiency if employee get actual
recruit they will be work with more effectively industry
development when the productivity and efficiency are
increase and these are increase when employee get
proper requirement.
In Makson Engineering Export employees are
recruitment as per their qualification and talent if
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necessary training are required so as per their job
training is given.
SELECTION
It is the process of choosing the candidates which
are talented and qualified for proper job. Makson
Engineering Export select employees by checking their
efficiency at different level it checks many things which
are behind in candidates.
TRAINING:
If candidate selected and need some training,
Makson Engineering Export gives proper training
according to job. Training is an act of increasing the
knowledge and skill of worker fordoing a certain job
efficiently in other words training is on organization
producer by which people acquire Knowledge on skill for
definite parapets.
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WAGES AND SALARY:
A wage may be defined as a sum of money paid
under contract by an employer to a worker for services
rendered. In the word of reminder T. bye. by wages then
we mean a price paid for the services of above of any
kind.
Makson Engineering Export paid wages and salaries
as per month of this units Rs.3,48,000=00.
WELFARE FACILITIES:
Makson Engineering Export has good criteria where
employees get food and soft drinks at reasonable prices.
In recess time employee go their and taking a rest.
GIFT AND BONUS:
Every festival Makson Engineering Export gives good
and surprising bonus and gifts to their employees and
also gives sweets.
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INDUSTRIAL RELATION
Dhanjibhai A. Makasana is the owner of this Industry
behave like the family members with their employees
also on top mat people behave like him with middle and
bottom level people, the relation customer is also good
and also with other industry.
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QUALITY CONTROL DEPARTMENT
This department is very important and interesting
department. This department is helpful to maintain the
quality of production.
“Makson Engineering Export has quality control
department. It has small department but signification to
give all satisfaction to customers for quality is own aimand this department is necessary in this unit there are
many modern machineries this department is always
tried to increase the quality of the product.
This unit has separate quality control department.
There is a staff and person who are well qualified and
talented in their field this unit has also well equipped
quality control laboratory to conduct quality control test
in house.
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R & D DEPARTMENT
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To-day if any one attends to stand in this
competitive world one new to maintain its quality
research and department is very important for any
industry to-day in business world there is lots of
competition.
To-day multinational companies grow rapidly
because they believes in quality control research and
development. This department research and
development work is done they find development and up
gradation of new item and research they are doing lots
experiment during the year.
They spend large amount how to decrease the cast
of production is find by this department. They to increase
marginal productivity of workers by managers.
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INDUSTRIAL RELATION
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Every business activity is spread when industrial
relation and communication are good. Makson
Engineering Export is also maintaining the relation with
other firms and companies so this unit also supplies
machineries in foreign countries this unit has get its
great position due to this industrial relation.
Now-a-days this unit export machineries in
Egypt. Many big companies give order and contract to
this unit.
We can say that industrial relation is very important
for progress of company,
In this unit relationship between managers and
workers are very peaceful. Industry provides higher level
of inspiration to its employees.
FUTURE PLAN
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Each and every industry has its own wishes and plan.Makson is a company which is going on day to day totoward top. In the modern competitive area the Makonhas made very good process. It also wants much andmore demand in future.
The company aims at modifying their qualityproduct & reduction in cost of production. The companywants to produce a good of product in minimum price.
The company gives training to the personal for theirbetter performance. The organization should provideopportunities for the development of their skills.
The company future policy includes the
doubling the capacity of sales through higher volume of production. It is going in a short time to appointexpansion the company. It is unit among different store.Company plays various revenue such as duty. Incometax, sales tax, octopi tax, other change applicable fromthe time to time as may be in imposed by thegovernment. Company provides best quality of productof his company to the society.
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PROBLEMS
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Makson Engineering Export is the unit of
makson. We know that in big industry has some problem
like that it has a problem of skilled labour. It has not
skilled labour and lack of co-operation of each other
labour some time the problem create electricity of
PGVCL.
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SUGGESTION
After visiting “Makson Engineering Export” of want
to give some suggestion to them from experience and
knowledge.
1. This unit market give emphasis on human
factor.2. If must gives important to the human
beings and gives some guideline and
motivation.
3. Even it is company but selection must be
good so this type of problem like lack of
co-operation is not arises.
And the second thing if that here there is not much
skilled labour in the suggestion of this problem is that it
should be supplied the skilled labour. Thirdly the problem
of electricity should be established by some generator
set purchased.
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SWOT ANALYSYS* Strength *
Quality of product
Loyal customers & employees
Financially sound
Use of latest technology
* Weakness * Less advertisements
* Opportunity *
They have opportunity to take over
international market because of law price
and good quality both together.
They should increase their export.
* Threats *
Business competitors
Economic slow down
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CONCLUSION
I am happy to visit “Makson Engineering Export”.
This visit and walk of project report given is best
experience and useful knowledge to me so it is very
much benefited tome.
After the study of “Makson Engineering Export”, we
can say that all the components of this unit are much
more powerful so this company well get more progress in
future and it is also achieve its goals which they have to
achieve.
My best are always with the unit to achieve more
and more development in its future period.
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BIBLIOGRAPHY
In preparation of this report, I have used following
books which are useful in collecting the data about
project work.
MARKETING MANAGEMENT –
By Philip Kotler
PERSONNEL MANAGEMENT –
By K.Aswathappa
FINANCIAL MANGEMNT –
By I M Panday
WWW.TATA-AIG-LIFE.COM