“In Plant Training”At

Nirlep Appliances Ltd. A’Bad

Submitted By Guided ByMr.Santosh D. Amilkanthwar Prof . Sachin Patil(M.B.A 3rd sem)

In partial fulfillment of the requirement for the award of

degree of M.B.A from Dr.Babasaheb Ambedkar

Marathwada University, Aurangabad

(Academic Year 2009-2010)

Acknowledgement

I wish to express my gratitude to Mr. Salil Pendse HR manager of Nirlep Appliances. Ltd. Aurangabad for allowing me to avail of this training.

I shall always remain thankful to my summer training guide Officers of all Dept. who gave me full knowledge of all Dept. working with them was such a delightful & enriching Experience. At no point of time, did I felt that I was an outsider and was helpful and co-operative.

I express thanks to Prof. Sachin Patil (RSIM), who has guided me.

It was my immense pleasure to work in Nirlep Appliances. Ltd.

Many regards,

Mr.Santosh D. Amilkanthwar (Rajars

hi Shahu Institute of Manage

ment, Aurangabad )

Index1 Introduction

- Scope & objective of the Training

- What Is In-Plant Training?

2 History of Nirleep

3 Performance Review Purpose

4 Mission

5 Vision

6 The Team

7 Organizational structure of A Company

8 The Product

9 The Customer

10

Core Values

11

Corporate Philosophy

12

Turnover Of company

13

Departments

-Human Resource Department

-Corporate Finance Department

-Marketing Department

-Sales Department

-Materials (Purchase) Department

-EXIM Department

-Production Department

14

SWOT Analysis

15

Problem and Suggestion

16

Conclusion

17

Bibliography

IntroductionScope of the Training

To enhance the knowledge being a management trainee.

Training in company like Nirlep. gives the idea of huge

management work having interlinks in the different

countries.

The training has given us idea of working of different

departments like production, stores, finance, personnel,

marketing etc.

Objective of the Training

The basic objective of the training was to get through the

different management concept through production,

personnel, marketing as well as with the finance

department.

Also we had an increase in knowledge of Engineering

through the managerial concepts.

To apply the theoretical knowledge to learn the various

aspects of management.

What Is In-Plant Training?

The most widely used method of training by the organizations

can be classified as either on-the-job or

off-the-job.

On-The-Job Training:-

The most widely used method of training takes place on-the-

job. On-the-job training places the employee in his actual

work situation and makes his appear to be immediately

productive. It is learning by apprenticeship training, job

instruction training,coaching, understudy assignment.

Off-The-Job Training:-

Off-the-job training covers number of techniques such as

class-room lectures, flims, demonstration, case-studies and

programmed instruction.

In-Plant Training is On-The-Job Training method. In-

Plant Training is intended to make candidates aware of work

situation and prepare him to be productive.

History of Nirlep

Nirlep was established in 1968 by a visionary businessman Mr. Nilkanth Bhogale who used to have interest in trading laboratory and X-ray related equipments.This was the period when stainless steel was not freely available in India; it was only available on quota basis. As such there was a great deal of undersupply of laboratory

related equipment in the Indian market.

Mr. Bhogale who realized then, the necessity for an alternative to stainless steel equipments. & manufactured the utensils coated with polytetrafluoroethylene (PTFE). He thus pioneered the concept of nonstick cookware in India.

The first Nirlep product was launched in Mumbai. It was a fry pan with code name F.P. 24. It was received with suspicion. It was not surprising because Indian housewife had never seen anything similar to it before.

In the initial stages Nirlep had just one distributor in Mumbai. But today the Company is having a wide distribution network of about 85 distributors across the country coupled with a strong & dedicated field force to ensure sales and services at around 9000 retail outlets.

Today, Company is a pioneer and leader with a market share of 35 % in the non-stick cookware segment in the country. The Company exports its products to countries like Saudi Arabia, Dubai, Maldives & Sri Lanka. The Company is accredited

with the Quality Certification '' ISO 9001:2000 of AS/NZS. The Company is having dedicated employee strength of about 225. The Company is having six manufacturing plants out of which three are devoted to the cookware business; namely Nirlep Appliances Ltd., Amulet Industries Pvt. Ltd., & Bhogale Coatings Pvt. Ltd. The company has also undertaken several turnkey projects for setting up manufacturing plants for the non-stick cookware in Middle East & Africa. The other three

plants are located in Waluj Industrial Area, Aurangabad namely Marathwada Auto Compo Pvt. Ltd., Umasons Auto Compo Pvt. Ltd., and Umasons Steelfab Pvt. Ltd.

The industrial bake ware coating system (called the SBS coating) denotes the most advanced non-stick coating systems used by the most important food and bakery industries in the world. The SBS coating systems can be applied only by the most experienced licensed applicators and Nirlep is proud to be one among them.

The company's fully integrated manufacturing setup for non-stick cookware manufactures high quality kitchenware such a non-stick fry pans, Tawas, Kadhais, Appam Chatty, Appa Patra, Sandwich makers, Pots and more. The Company strongly believes in three basic tenets '' Integrity in business, Quality and Fair Price. The company is having the current capacity of manufacturing of 1.2 Millions kitchenware pans every year and now poised to have ambitious growth plan of achieving the target of 1.8Millions Kitchenware pans. A Dedicated & focused efforts of all the employees will make this successful.

Performance Review Purpose

To review the performance of employee over a given period of time

To judge between actual and desired work performance

To identify training and developmental need to strength the relationship of communication between management and employees

Reduce grievance of employees

Mission

“Nirlep aims to manufacture and market a wide range of high quality products, services and systems of world class technology to the total satisfaction of customer in

domestic and overseas markets…….”

Vision

To move beyond boundaries

To continually challenge and overcome limitations encounter in self and company growth

Providing customer satisfaction, offering reliable products & services at competitive prices

Providing an environment, conducive to the development, growth & satisfaction of employees while fulfilling their reasonable aspirations

The Team

Nirlep major strength is its people. Through group HRD practices, Nirlep has been able to make every individual realize that his contribution is significant in achieving corporate objectives ensuring prosperity and healthy growth and at the same time working as a team. While performing, it is essential that every employee should subscribe and adhere to the Nirlep values. Each new employee undergoes an induction program to understand the culture, systems, and management style and job function at Nirlep. In Nirlep, the management believes in setting up the goals, provide resources and allow the team to deliver. The team enjoys the freedom and outperforms the goals, every time.

Board of Director’s

Chairman :

Mr.Ramchandra.Bhogale

Managing Director :

Director :

Director :

Director :

Mr. Mukund N. Bhogal

Mr.Nityanand J. Bhogale

Mr.Vinayak M. Bhogale

Mr.Mukesh Sehgal

Mr.Sanjay P. Sathe

Director :

Organizational Structure of Company

Product of Nirlep

The fort line product of Nirlep is the non stick cookware. Besides this Nirlep also markets other products like Nirlep enamelware. A whole new range of stock and serve enamel coated utensils.The products in these ranges are made from pure aluminum and have spiral groves carved on their bottom. The spiral groves help in quick and uniform transfer of heat and thus help in saving fuel. Besides, these products require little oil for cooking.

Cooking in Nirlep products thus has 3 main advantages:-

1. Health: - In Nirlep products the food doesn’t stick of the utensil and therefore oil is required only to enhance the taste of the food. This helps in lowering the consumption of oil and thus the consumption of fats and cholesterol thus ensuring that the hear remains as healthy as food one eats.

2. Taste: - Nirlep products help in preserving all the essentials ingredients of food in their entirely. It also consumes less oil. All this help in cooking healthy yet tasty food.

3. Economy: - As cooking in Nirlep consumes less oil due to its non-stick property and less fuel due to the spiral grooving on the bottom economy is achieved by saving on fuel and oil.

Handi Pot

This beautifully designed cook and serve Handi is made from heavy guage steel.Elegently decorated vitreous enamelled exterior which can be heated directly on gas stove and to serve food.

Curry Pot

These beautifully designed cook and serve pots are made from heavy gauge steel.Elegently decorated vitreous enamelled exterior which can be heated directly on gas stove and to serve food.

Kadhai

This elegantly designed shallow kadhai. Choose from a variety of colors and designs available in the range.

Regency Pot

This beautifully designed cook and serve Handi is made from heavy guage steel.Elegently decorated vitreous enamelled exterior which can be heated directly on gas stove and to serve food.

Gas Lighter

This SS body electronic gas lighter is fitted with imported peizo for long lasting one stroke performance. It comes fitted with special soft grip to give perfect insulation and protection to the user.

Gas Lighter with free SS Peeler

This electronic gas lighter is fitted with imported peizo for long lasting one stroke performance. It comes with one 5" long SS Peeler.

Gas Lighter with free SS Knife

This electronic gas lighter is fitted with imported peizo for long lasting one stroke performance. It comes with one 6" long SS knife with soft grip handle

PressureCooker

Nonstick Cookware

SAKHI

    

SELECT PLUS

VAJRA

    

VAJRA JOY

    

MAVEN

    

NON VEGGER

    

SAKHI SAFE COOKER

    

SELECT+ SAFE COOKER

    

Griller

This uniquely designed snackmaker gives ready made grilled sandwiches in two cuts just as you would get it in a restaurant.

Delta Pan

These are flat bottom fry pans with base grooving for uniform and fast heat distribution. Its long & ergonomically designed handle gives a firm grip & ease of lifting. Use wooden spatula for best results.

Flat Griddle

These flat griddles are made from high grade aluminum and have base grooving for uniform and fast heat distribution. Its long & ergonomically designed handle gives a firm grip & ease of lifting. Use wooden spatula for best results.

Sandwich Toaster

The most preffered toaster by all small sandwich vendors, this toaster gives you the opportunity to make perfect full toast sandwiches

Appa Patra

Made from high grade alumium alloy for durability & uniform heating. Bears excellent release property, Saves cooking oil, fuel & time. Hence, extremely convenient to cook and clean. Metal spoon can be used freely.

Appam Chatty

It is made from high grade alumium for durability & uniform heating. It bears excellent release property, Saves cooking oil & fuel. Large size appams can be made since there are no rivets inside the pan. Hence, extremely convenient to cook and clean. Use

Concave Griddle

This popular non-stick griddle is essentially concave in shape and crafted out of 3mm thick guage aluminium. Its long & ergonomically designed handle gives a firm grip & ease of lifting. Metal spoon can be freely used on these griddles.

Flat Griddle

These flat griddles are made from 3mm thick high grade aluminum and have base grooving for uniform and fast heat distribution. Its long & ergonomically designed handle gives a firm grip & ease of lifting. Metal spoon can be used freely.

Appa Patra

Made from high grade alumium alloy for durability & uniform heating. Bears excellent release property, Saves cooking oil, fuel & time. Food does not stick to the bottom. Hence, extremely convenient to cook and clean.

Appam Chatty

It is made from high grade alumium for durability & uniform heating. It bears excellent release property, Saves cooking oil & fuel. Large size appams can be made since there are no rivets inside the pan. Hence, extremely convenient to cook and clean. Use

Concave Tawa

This popular shape of non-stick griddle is essentially concave in shape and crafted out of thick guage aluminium. Its long & ergonomically designed handle gives a firm grip & ease of lifting. Use wooden spatula for best results.

Dura Pan

These are flat bottom fry pans with base grooving for uniform and fast heat distribution. Its long & ergonomically designed handle gives a firm grip & ease of lifting. Use wooden spatula for best results.

Fry Pan with Lid

These are flat bottom fry pans with base grooving for uniform and fast heat distribution. Its long & ergonomically designed coloured handle gives a premium look. The lid is provided for steam cooking. Use metal spoon freely.

Kadhai with Lid

These are traditional Indian deep woks. They have flat bottom to ensure stability on the gas bunners. They are fitted with two side coloured handles for ease and safety while handling. stylish thick salem steel dome lid provided

Concave Tawa

This griddle is round in shape, crafted from very thick 3S aluminum for giving extra strength and is fitted with stainless steel rod handle and has elegant looks. The handle is fitted using 4 rivets to make it everlasting.

Handi

Traditional Indian Belly shaped Pot with steel rod rivetted side handles and Stainless Steel lid.

Kadhai

It is a traditional Indian Pot with a flat bottom to ensure stability on the gas burners and is used for deep frying. It is crafted out of thick gauge aluminum, The pan comes with stainless steel rod handles for easy lifting. The Stainless steel lid fac

Milk Pan

A Sauce Pan for daily use. Fitted with sturdy stainless steel rod handles with spout for easy pouring.

Patila

Traditional Indian Casserole with rivetted stainless steel handles. Heavy guage stainless steel lid for facilitating faster cooking.

Safe Cooker Inner Lid

This is Nirleps’ largest-selling,most popular range of pressure cookers because of its attractive combination of features, benefits and price. The safety valve is located under the lid handle bar so that when it operates the steam is safely deflected downwards. The gasket has minimum exposure to steam inside the cooker, does not rub every time the product is opened and closed, so it lasts longer. Stay-cool handles, Fixed sturdy pivot does not put pressure on the bakelite handles as it is a part of the metal handle itself. Thus handles last longer. The cookers are quality-certified by the Bureau of Indian Standards (popularly known as ISI).Recommended for use on gas stoves, kerosene stoves and electric plates.

Safe Cooker Outer Lid

This safe cooker comes with strong body, weight Valve and best quality aluminium with thick base to give your cooker a long life. Ergonomically designed handles give better grip. Available in various sizes for all sizes of family. Comes with a set of safety features like Gasket Release System and safety valve. The cookers are quality-certified by the Bureau of Indian Standards (popularly known as ISI). Recommended for use on gas stoves, kerosene stoves and electric plates.

Nirlep Select+ Safe Cooker Inner Lid

This is Nirleps’ premium range of pressure cookers because of its attractive combination of shape, features & benefits. The unique belly shape makes for very attractive cook-and-serve utility. The 'Spring Loaded Safety valve' is an additional device for 100% extra safety. It works for more than 1000 cycles, and so there is very little need for changing the normal safety valve. The normal safety valve is located under the lid handle bar so that when it operates the steam is safely deflected downwards. The gasket has minimum exposure to steam inside the cooker, does not rub every time the product is opened and closed, so it lasts longer. Fixed sturdy pivot does not put pressure on the bakelite handles as it is a part of the metal handle itself. Thus handles last longer. The cookers are quality-certified by the Bureau of Indian Standards (popularly known as ISI).Recommended for use on gas stoves, kerosene stoves and electric plates.

Nirlep Select+ Safe Cooker Outer Lid

This is Nirleps’ premium range of pressure cookers because of its attractive combination of shape, features & benefits. The unique belly shape makes for very attractive cook-and-serve utility. The 'Spring Loaded Safety valve' is an additional device for 100% extra safety. It works for more than 1000 cycles, and so there is very little need for changing the normal safety valve. The coined bottom gives extra strength to the base, and hence makes the cooker long lasting. The cookers are quality-certified by the Bureau of Indian Standards (popularly known as ISI).Recommended for use on gas stoves, kerosene stoves and electric plates.

Nirlep Princess Gas Top 1 Burner

These single burner LPG stoves are handy for bachlors, for outdoor use such as camping and also serve as additional unit to your existing gas stoves in times of increased requirment such as festive season, party etc. These comes in two varients P1 EKO : Light weight easy to carry

Nirlep Princess Gas Top 2 Burner

These conventional shaped 2 burner gas stoves are made from stainless steel body, with adjustable gas nozzle to help you connect the LPG pipe from any side. P2 EKO : Sleek body for narrow kitchen platforms. P2 LB : Wide body for big kitchen platforms and large utensils. P2 LB (AI): Wide body with auto ignition attachment.

Nirlep Princess Gas Top 3 Burner

This conventional shaped 3 burner gas stove is made from stainless steel body and is most economically priced in this category.

Nirlep Princess Gas Top 4 Burner with Lid

This conventional 4 burner gas stove has stainless steel body and elegant black power coated lid for keeping pests away. It also adds to elegance of your kitchen as the lid does not let oil & grime stick to your kitchen tiles behind the stove

Fish Pan

For the very first time in India NIRLEP introduced non-vegger category to dish out non-vegeterian food. Normally all varieties of fish we get are in oval shape and traditionally round shape pans are used to prepare various recipes. This is the perfectly oval shaped pan for full fish frying. The attractive design makes it just right for serving at table

Grill Pan

For the very first time in India NIRLEP introduced non-vegger category to dish out non-vegeterian food. This product is ideal for those who want to bring ‘barbeque’ indoors. Healthy low fat cooking and are ideal for those who want to enjoy non-vegetarian food but still want to save on their calories.

Nirlep Goldline Black Pearl - 4 Burner

Nirlep Goldline Black Pearl series of Oval Gas Tops are the latest range of LPG stoves to match your modern kitchen. They come with unmatched features like Black Pearl finish, rotating nozzle and a sleek, single piece body, with golden

beading to add to the looks of your kitchen. Nirlep Goldline Oval balck pearl LPG stove is available in the following variants:

Nirlep Goldline Gas Top 2 Burner

Nirlep Goldline Oval Gas Top, is the stylish range of LPG stoves to match your modern kitchen. They come with unmatched features like rotating nozzle and a sleek, rust-proof, single piece body, with body-formed beading to prevent injuries. Nirlep Goldline 2 burner Oval LPG stove is available in the following variants:

Nirlep Goldline Gas Top 4 Burner

Nirlep Goldline 4 burner Oval Gas Tops are the stylish range of LPG stoves to match your modern kitchen. They come with unmatched features like rotating nozzle and a sleek, rust-proof, single piece body, with body-formed beading to prevent injuries. Nirlep Goldline 4 burner Oval LPG stove is available in the following variants:

The Customer

Indian Housewife: -

Nirlep Goldline Gas Top 3 Burner

Nirlep Goldline 3 burner Oval Gas Tops are the stylish range of LPG stoves to match your modern kitchen. They come with unmatched features like rotating nozzle and a sleek, rust-proof, single piece body, with body-formed beading to prevent injuries. Nirlep Goldline 3 burner Oval LPG stove is available in the following variants:

In main customer of Nirlep product is “WOMEN” and specifically Indian housewife.Today the urban housewife is an active partner in the family. She is a major factor in all purchase decision of her family. In majority of cases she is sole decision maker and in rest of the purchase she is a powerful influencer of the decision, in a way, she had become the families purchasing agent.

Buying behavior of the Indian Housewife:-

Caution a Buyer- The middle class housewife is generally a cautious buyer. Her education and social background make her a discriminating buyer. At the same time she is not averse to change. She is willing to try new things, but doesn’t adopt the product instantly.Quality as well as Cost Conscious- The middle class housewife is not only a cost conscious buyer, but also quality conscious buyer. She often cross check the price details with other stores.Awareness about New Development- The middle class housewife possesses a good degree of awareness of the changes taking place in her environment; her level of education and the growth in media have contributed in this development. She likes to collect new inputs of her environment, from TV and magazines.

Core Values

Behind Nirlep’s production and marketing success, indeed behind every activity of this lies a strong will

to follow the 3 basic beliefs that shape their approach these are:-

1. Integrity in Business2. Quality3. Fair Price

At The Nirlep We Believe:-

1. Integrity - In integrity in all business transactions

2. Quality - In building quality in everything to get involved

3. Fair Price - In charging fair price to customer

Corporate Philosophy

Nirlep was the first brand of nonstick cookware to be introduced in India in 1968. The entire technology for manufacturing was developed in-house.

Nirlep continues to be a strong market leader in the Indian nonstick cookware with a market share of around 40%.

Nirlep products are manufacture at 3 factories, 2 in Aurangabad and 1 in Jalna. These factories are semi automatic and are equipped with state of the art machinery like automatic spray guns, automatic digressing plant, spiral grooving machines, hydraulic press, base grooving machines and stud welding machines etc.

Quality is taken very serious at Nirlep and each and every piece goes through a quality control check at every stage of manufacturing.

Nirlep has very strong distribution network in India. It has authorized distributors in almost every state of India coupled with a strong and dedicated field force to ensure sales and service at round 9000 retail outlets Nirlep believes in 3 basic tenets- Integrity in business, Quality and Fair Price.

Company’s Turnover

Year Sales2005 303,224,6382006 352,093,5902007 418,029,4312008 498,300,380

Departments

Departments

Human

Resource Department

Corporate Finance

Department

Purchase Departm

ent

Sales Departm

ent

Production Departmen

t

EXIM

Departments

Human Resource Department

“Human Resources management involves all management decisions and actions that affect the relationship between the organization and employees, its human

resources”

- Beeretal

1.Introduction

2.Regarding the company policy and strategic decision

3.Objective-General objective-Specific objective

4.Procedure

5. Function of HR Department

6.Facilities of a Company

Introduction:-

Human Resources Department is the core department of any organization. It works likewise in Nirlep. Decade before Nirlep began quest. It is the blood of every individual that he doesn’t work unless and until he is forced to do so.Nirlep incorporated the professional management practices followed by the best and most respected organization in the world. Nirlep believes that they value their people (employee working with Nirlep called as Nirlep’s) and they are most significant asset and Nirlep, trust, value and nature them accordingly.The main work of the department is to maintain coordination in all departments and report is to top manager.

Regarding the company policy and strategic decision:-

The job is to maintain discipline in all departments. In Nirlep the HR department plays very important role in the activities like:-

Man power planning. Recruitment & selection Application shortlist Preliminary Assessment Final Interview Medical Evaluation Induction. Training & development

Performance review Compensation management Attendance records

Leave records Absentee records Employee welfare programs Safety & health plans Employees motivation Industrial relations Exit of the employee.

Some of the activities are as follow-

Man power planning:-Man power planning is done when there is requirement of employee for any post. Man power planning is a process of analyzing the strength of employees for right job. It analyses the strengths & weaknesses of an employee according to required job. It gives the criteria for the requirement of employees.

Recruitment & selection:-After completion of man power planning the next step is recruitment & selection process. The recruitment process follows some basic steps as under.

Application shortlist:-

In this step, we shortlist the CVs received from various sources based on the suitability for the requirement.

Preliminary Assessment:-

The short listed candidates go through a preliminary round of interviews. This interview lays more emphasis on functional competencies. To have more data on the functional skills, the candidates may be given a business case for analysis and presentation (This is done for certain positions only).

Final Interview:-

Here the candidates who successfully clear the first round of interview go through another round of interview with one or more of the functional heads.

Medical Evaluation:-

Candidates who are selected by NIRLEP are asked to undergo a medical test.

After all these processes, the recruited candidates are appointed as the employees of Nirlep.

Induction Process:-

The Induction process is the process in which the newly recruited employees come to know about the organization’s work & its environment.

Objectives:-

The main objectives of HR department are-

A) General Objectives

1. Effective utilization of human Resources2. Desirable working relationship3. Maximum individual department

B) Specific Objective

1. Selection of right type and number of persons on the job

2. Manpower training and development3. Provision of better working condition and other

facilities 4. Maintain good relation with the employees

5. Personnel research6. Compliance of statutory written

Procedure:-

The main of the company is to establish its products in the global market and this is possible only by implementing ISO 9000 and Total Quality Management. Nirlep is the pioneer and market leader of “Non Stick Cookware”. In Maharashtra during the last decade their sales-mostly to sophisticated markets have made quantum leaps.

ISO 9000 common procedure include Internal quality audit, Management review, Document format and control procedure, training procedure, customer complaint processing and analyses, corrective and preventive action, safety and control of quality records.

Function of HR Department:-

HR functions are generally divided into 2 categories i.e. managerial & operational. In fact these are 2 levels at which each function is to be performed. Each function is part of management plan and has to be given practical shape at the operational level. This will be clear from the chart presented here under, which shows various functions classified under the board function of management, it also gives objective in relation to each objectives are given operation performed for achieving the objectives concerned………..

Following are the main function of the HR Department:-

1. Planning manpower requirement.2. Organizing the manpower resources.3. Staffing 4Motivating

Facilities of a Company:-

The facilities that the company gives & scheduled of company as follows-

1. Leave Facility- In each confirm employee can avail leave as follows

a) Privilege leave b) Sick leavec) Casual leave

2 Transport Facility - They provided transport allowance to the concerned employee but only for the official reasons.

3. Medical Facility - The Company had provided the first aid facilities within the campus. In case of severe injury/illness, company makes an arrangement to take concerned employee to the hospital instantly. A scheme like mediclaim is also given to the employees. 4. Loan Facility- This facility is applicable to the permanent employee if the company. The company provides loan to the employee for vehicle, contingency loan and also medical ground. The maximum limit for such loans is depending upon the category & grade, as well as management’s discretion.

Finance Department

“Finance management is the application of the planning and control functions to the finance function”

- Howard & Upon

1. Introduction

2. Finance Activities

3. Compliance under Various Acts

4. Bank System

5. Bankers

6. Auditors

7. Sources of Funds

8. Book Maintained by the Company

Introduction:-

The finance department is un-doubtfully the lifeblood of the business. The ambition plans of business would remain mere dreams unless adequate money is available to cover them into reality. The function includes day to day concern for use and control of funds as well as long range planning which is involved in determine the future requirements for funds and optimum uses to which they may be put in the financial function of firm includes its basic decision about methods of financing growth, dividend, distribution policy, relations with leading institutions, economic evaluation of alternatives investments in plant and equipment and other activities, which involves uses of funds.

Corporate finance is an area of finance dealing with the financial decisions corporations make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize corporate value while reducing the firm's financial risks. Although it is in principle different from managerial finance which studies the financial decisions of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.

The discipline can be divided into long-term and short-term decisions and techniques. Capital investment decisions are

long-term choices about which projects receive investment, whether to finance that investment with equity or debt, and when or whether to pay dividends to shareholders. On the other hand, the short term decisions can be grouped under the heading "Working capital management".

Finance Activities:-

1. Dealing with bank for Nirlep’s credit limit.2. Dealing with bank guarantees and letter of credit.3. Maintenance of all banks account and their

reconciliation.4. Deposit of cheques received from customer.5. Preparation of cheque and their release to the parties.6. Co-ordination for preparing payroll.

Compliance under Various Acts:-a) Income-Taxb) Sales-Taxc) Service-Tax

Bank System:-For regular inflow of cash and ready maintenance of working capital the company is involved with the banks in fall funds and non- funds based transaction these are-

Bankers:-

Bank of Maharashtra

Auditor:-

S.V.Gogte & Company

Sources of Funds:-

1. Issue of Shares2. Issue of Debenture3. Deposit from Public4. Bank Borrowing

Book Maintained by the Company:-

As per the accounting rules, Nirlep maintains all the records in proper accounts books.

Bank SystemNon-Fund Based Transaction

Bank Guarantee

Letter of Credit

Fund Based TransactionCash Credit

Term Loan

Book Maintained are-1. General Ledger 2. Cash and bank Account3. Journal voucher4. Purchase book5. Sales book6. Loan to staff ledger7. Supplier’s ledger8. Personal ledger

Registers:-1. Purchase order register2. Sales3. Traveling expenses register4. DD purchase register5. T.D.S Summery Register6. Octori register

Vouchers-1. Material purchase voucher2. Capital purchase voucher3. Expenses purchase voucher4. Bank payment voucher5. Cash payment voucher

Marketing Department

“Marketing is not a function of business, but a view of entire business seen as a economic organ to provide goods and services. Everything that the business does in that respect is marketing”

- Peter Dunker 1. Introduction

2. Marketing Information System

3. Competitors

4. Distribution Channel

5. Sub Brands of the Nirlep

6. 4 P’s of Marketing Mix

Introduction:-

As Marketing Dept. is the heart of every company likewise in Nirlep it does the same role. Market occupies an important position in the organization of a business unit. It is one of the important line-activities of business operations.In Nirlep basically, marketing is compressive and it includes all resources and set of activities necessary to direct and facilities the flow of goods and services from producer to consumer in the process of distribution.

Marketing Information System:-

The Marketing Information System [MIS], is a very vital function required for controlling the marketing programs and activities for the company. The degree of marketing excellence achieved by any company has a direct relationship

with the Marketing Information System operated by that company. Marketing excellence is the net outcome of correct marketing decisions; and these decisions can be correct only when they are difference between winning and loosing. No marketing organization on each function effectively without appropriate and timely information an each and every aspect of marketing i.e. the consumers, the market, the competition and the environment. The various benefits that are obtained from a systematic and efficient Marketing Information System are:

1. It helps marketing planning by making available reliable information on the external environment and the internal realities of the company.

2. It helps effective taping of marketing opportunities and provides effective defense against emerging marketing threats.

3. It helps early spotting of changing trends.4. It provides marketing intelligence to the company.5. It facilitates the development programs for achieving

goals.6. It helps the company to adjust its products and service to

the need and the taste of the customer.7. It helps the company to control its marketing activities.

Competitors:-

The different competitor’s are-1. Nirali 2. Prestige3. Hawkins 4. TVS

Distribution Channels:-

In Nirlep, distribution channels play a pivotal role in the successful marketing of almost all consumer products. The manufacture of such products normally uses a number of marketing middle men, for taking their products to the users. This is nothing but distributors.The distribution channels minimize the number of contract the manufacture has to make to sell his products. In other words, the distribution channels provide the manufacture the vital advantage of “Distributional Efficiency”.

Sub Brands of the Nirlep

Select Plus

Sakhi

Vajra

Vajra Joy

Hard Anodised

Nirlep App.LTD

Area Distributor

wholesaler

Dealer

Customer

Ebony

Sakhi Safe Cooker

Select+ Safe Cooker

Princess Gas Top

Gold line Gas Top

Maven

4P’s of Marketing Mix:- - Marketing mix means the choice of marketing methods.- Marketing mix is the sole vehicle for creating and delivering

customer value.- A successful marketing strategy must have a marketing mix as

well as a target market for which the marketing mix is prepared.

- The elements or variables of marketing mix are as follow- 1. Decisions on product or service 2. Decisions on price 3. Decisions on promotion and 4. Decisions on distribution

Price: - Unique element of marketing mix.

Competitor Market Strategy

Place:- Mode of Transport Type of distribution Channel

Promotion: - It is a form of communication.

Push or Pull Strategy

Product: - The Heart of Marketing mix

4P's of Marketing Mix

Product Price Promotion Place

The fort line product of Nirlep is the non stick cookware. Besides this Nirlep also markets other products like Nirlep enamelware. A whole new range of stock and serve enamel coated utensils.

Sales Department

“Sales promotion is essentially a direct and immediate that adds an extra value to the product, so that it promotes the dealer, distributor or the consumer to buy the product”

1.The Sales promotion strategy

2.Sales Promotion Activites

a.Exhibitionsb.Cookery contestsc. Display cum-saled.Live demonstrationse. Window display schemef. Free gift offer

The sales Promotion Strategy

Sales promotion includes all such promotional activities, which do not fall distinctly into advertising, personal, selling or publicity. The sales promotion activities are short term incentives to encourage the purchase os sale of product or

services.sales promotion is known as name of extra purchase value (EPV) and below-the-line-selling.

In a competitve market, sales promotion can be effectively used to solve several short term hurdels. Sales promotion is short term because, the impact of sales promotion activities are not durable and lasting like the results obtained through advertising and personl selling.

Sales promotion is by and large understood and practiced as acatalyst and as a supporting facility, to advertising and personal selling. While advertisig helps sales by adding some durable and short term value to the product, sales promotion aids selling temporarily by changing the existing price value relationship of product. Thus advertising and sales promotion have their own distinct roles to perform in a marketing plan. When these roles are properly understood and used, these two tools can yeild better results.

Marketing of consumer goods is becoming more and more competitive. In addition to increasing competition, other reasons for the rapid growth of sales promotin as an effective marketing technique are:

Sales pramotion makes an immediate effect on sales. Measurement of the effectiveness of the saales promotion

is easier as against the other promotional methods. Channels of distribution are emerging as powerful

entities and demand greater use of incentives to get desired result.

Product are becoming standardized, and so need the increased support of non-price factors, of which sales promotion is the most effective.

A fee sales promotion activities undertaken by the compnay are:

1. Exhibitions2. Cookery contests3. Display cum-sale4. Live demonstrations5. Window display scheme6. Free gift offer

1. Exhibitions:- Exibitions are normally all the organized trade fairs. Wherein there are a number of perticipants who display their product, to be viewed by the large number of people visting that exibition. The main objective of any exibition is ‘Product Awareness’. Display Zcum-Sale might not necessarily be the prime objective of an exibition. Thus, the main objectives of the company participating in exibitions are:-

a) Product exposureb) Increasing the awareness of the consumers towards our

products

Exibitions are activites where the company not only displays its products,, but also projects its image to the potential customers and also to the society at large. Care should be taken, to ensure that the company’s image and its product image should not be damaged due to mismanagement and poor organisation on part of the sales executives.

2. Cookery contests:- A cookery contest is a special type of sales promotion activity. This activity is a typical example of delayed impact sales promation activity. The prime objective of this activity is to increase the brand awareness among the potential customers. The objective of cookery contests therefore are:-

a) To increase brand awarenessb) To increase the direct involvement of the consumer

in the acvtivity c) To develop new potential marketsd) To have direct access to the consumerse) To out-perform competition

3. Display cum-sale:- Display cum-sale activity is concerned with “Product Display” of the entire product range. The objective of this activityn are very simple, they are:-

a) To display the product to a large number of potential customers so as to make them aware of the products and attract them to purchase products

b) To enhance brand imagec) To sale products across-the-customer, to the customers

willing to buy at that given time

4. Live demonstrations:- This activity was first undertaken by the founder of the company. This axctivity is been carried out ever since and has fetched excellent dividends to the company in terms of product awareness and market penetration.The objective of this activity are:-

a) To demoanstrate to the potential customers the utility and the benefitds of the products

b) To increase the product awarwnessc) To achieve the immediate sales of the products

5. Window display scheme:- This sales promotion activity is generally in the form of schemes. This activity also covers a very large area that may span across the territory of the sales executive. The prime objective of this activity is ‘Product Display’. This is a delayed impact type of trade scheme wherein the dealers are required to comply with the design of the scheme over a period of time.

Production Derpartment

“Production is reffered to as the process concerned with the conversion of input (raw

material, mahniery, information, manpower, and other factors of production) into output (semi finished goods, finished goods, and services) with the help of certain process(planning, controlling, and schduling etc)”

1.Introduction

2.Working hours

3.Manufacture Process

4.Attendence system

Introduction:-

Nirlep’s non-stick cookware is manufactured at Nirlep

Appliances Ltd. Situated at Aurangabad. This plant makes

use of ultra-sophisticated machines and technology. Highly

skilled professional and stringent quality control system to

manufacture India’s finest non-stick cookware.

In Nirlep Production dept production is done on huge

basis as per the requirement of clients. There are some

other dept linked with the production dept. Before taking

the material for the production all the various departments

needs to check the order from Marketing Dept, purchase

dept gives requirement of raw material, finance dept

decides for chunk going to be invested in making the

finished goods & raw material.

Working hours:-Factory works in three shifts, i.e.1st shift : 7a.m to 3p.m.2nd shift : 3a.m to 11p.m.3rd shift : 11p.m to 7a.m.

Manufacture Process:-

The manufacture process of Nirlep Non-Stick cookware is as follow:-

STEP1 Quality Control Test:-The manufacturing process begins by conducting a quality control test on the aluminum circles, so as to ensure that their pysical dimensions like diameter, thickness etc, are as per the standard requirment.

STEP2 Stamping:-In this operation, the aluminium circles are stamped with

Quality Control Test

Stamping Trimming

Stud Welding

Pre-Polishing

Pressing

Degreasing Quality Control Test

Quality Control Test

Base Grooving & Banding

Painting & Screening

Edge Finishing

Coating Banking

Quality Control Test

Packaging

1. The brand name i.e. Nirlep2. The ISI mark3. The name of the range i.e. selects Savovy or Sakhi4. The name of the item i.e. Fry Pan Tavas5. Its thickness

STEP3 Pressing:-In this operation aliminum circles are given the required shape.

STEP4 Trimming:-In this operation the pan is trimmed so as to make the pan exactly of the same height from all sides.

STEP5 Pre-polising:-The outer surface of the pan is polished during this process during this process so as to make it suitable for painting.

STEP6 Stud-Welding:-In this operation, the stud are welded on to the pan. Pans with faulty stud welding are summarily rejeted.

STEP7 Degreasing:-Grease or coolant oil or any other impurites from the pan surface are removed in this operation.

STEP8 Quality Control Test:-

At this stage a quality cintrol test is conducted to ensure that the physical specification of the pan confirms to the standards.

STEP9 Coating:-The inner surface of the pan is pray painted with a special type of primer and then dried in air. After this, the pan is given the top coat, i.e. Teflon non-stick coat.

STEP10 Banking:-After coating the pan is dried and then baked in an oven at about 400c for one and a half hour.

STEP11 Quality Control Test:-The pan is tested for the quality and adhesion of the non-stick coating.

STEP12 Painting & Screening:-In this operation the outer surface of the pan is once again”prepared” for painting. It is then surface spray painted with the desired colour. Screen printing is also done in this operation on the Savovy range.

STEP13 Base Grooving & Banding:-In this operation,the pan is roated at high speed and the base is grooved by a computer governed machine.The banding operation is done in a similar manner simultaneously.

STEP14 Edge Finishing:-

In this operation the edges of the pan are checked for paint or coating depletion and “final touches” are given accordingly.

STEP15 Quality Control Test:- After edge finishing the pan is thoroughy cleaned and final quality control tests are then conducted.

STEP16 Packaging:-In this operation handels are fitted on the pan or packed loose as the case may be. The packaging is done conveyor belts by using specially designed trays which ensures that all the fittings and accessories are packed along with the pans.

This completes the entire manufacturing process of Nirlep’s non-stick cookware.

Attendence system:-

The attendence system here at Nirlep is operated through electronic Punching Card System to keep time records of the empolyees. This machine is connected to the personnel department to computer so as to assists all the details at a glance like wages, leave records, late coming details.

Export Import Department

1.Introduction

2.Import countries

3.Export countries

4.Export Turnover

5.What it Import?

6.Requirement for EXIM

7.Different seals while exporting

Import countries:- China Belgium

Export countries:- European Countries Italy Spain Honkong Turkey Sri-lanka

Export Turnover:-

Year Export Turnover (in Lacs)

2006 262.82 lacs

2007 249.75 lacs

2008 394.42 lacs

What it Import? Aliminum Circle Aliminum Sheets

Requirement for EXIM:-

IEC(Impor Export Code Certificate) (Essential Certificate)

DGFT(Direct General Foregin Trade)

Ministry of Commerce

For IEC Certificate Pen Card & Bank A/c is necessary. IEC cretificate is mandatory for importing & exporting. Coating which Nirlep Import is only for Export purpose only.

Different seals while exporting:- Excise seal Custom seal Bottel seal Shiping bill

Purchase Department

“Purchasing is related to going to an open market, finding the desired material at lowest possible price, and selecting the supplier who offers it at that price having quality of the material in mind”

-Walter

1.Introduction

2.Procedure

3.Objective

4.Purchasing Cycle

5.Function

6.Terms and Conditions Governing orders placed by purchase department for suppliers

Introduction:-

The purchase department plays a very important role in NIRLEP because purchasing has its effect on every vital factor concerning the manufacture, quality, cost, efficiency and prompt delivery of good to customers. Its function is to procure materials, supplies, services, machines and tools at the most favorable terms consistent with maintaining the desired standard of quality.

Procedure :-

The purchase department starts functioning with the request i.e. purchase requisition (PR) from various departments to order goods or services. With purchase requisition, the purchase department is authorized for procuring the goods as per the specification given in (PR) slip by the date mentioned on it. The requisitions are made in triplicate original copy is retained by the purchase department, second copy sent to stores department and third one to accounts departments.

Having selected vendor or supplier, a purchase order (PO) is prepared from by purchase department, generally, 5 copies of PO are prepared. Original copy is given to the supplier second one is retained by purchase which placed the PR & Accounts department. When goods arrive, they are taken delivery of and are sent to quality control department for checking purpose.

Objective:-

1. To procure required material of the required quality2. To procure in the right quality3. To procure from the reliable place4. To procure at right time5. To procure at reasonable cost

Purchasing Cycle:-

Purchase Order

Material Indents

Consumption

Requirement

Item

Stock Level

Order Generate

Below Minimum

Function of purchase department:-

1. Purchase requisition (User Dept.)

2. Quotation

3. Finalization of Quotation

4. Purchase Order

5. Material procurement against purchase order

6. Handover to user

Terms and Conditions Governing orders placed by purchase department for suppliers:-

1. The prices mentioned in the purchase order are firm and

binding on suppliers till the entire order is executed and no

increase will be allowed under any circumstances.

2. Purchase department reserve the right any article which,

either in quality or in construction or workmanship is not in

accordance with company’s requirement & suppliers shall

accordingly make such arrangement at his own risk and make

free replacement for that article.

3. Goods should be securely packed to avoid the breakage during

the transportation. Supplier shall be liable to all breakage

resulting from defective packing.

4. Company shall have right to cancel the order either in whole

or ask for suspension of the same in consequence of a strike,

layout, fire, breakdown, or accident to machinery.

SWOT Analysis

STRENGTH-

1. Working strength

2. Fully automatic plant latest technologies

3. Goodwill

4. Effective Innovative Skills

5. Customer Satisfaction is prime goal

6. Brand Loyalty in the market

7. As manufacturing part in India where the cost of production is very low the company generates very high profits

S

TR

EN

GT

H

WEAKNESS

OPPORUNITIES

THREATS

S W O T

WEAKNESS-

1. Major weakness is transit time from manufactured to customer is very high.

2. In Nirlep, there will not any provision for senior management succession.

3. If, think about Research and Development, the facilities is really inadequate.

4. Appropriate of facility.5. 6. Comparatively slow to develop technological

innovation than its close competitors

OPPORUNITIES-

For expand its business:-

1. Nirlep has an opportunity to take over, another company or Merger of sick unit, for expansion purpose.

2. To grow in the market at lower cost investment & production

3. Has a capability to make its own name in the market.

4. Diversify into related products

THREATS

1. Due to competition company has to maintain quality & specifications provided by the customers.

2. Cost Effectiveness3. Changing technology4. Changing buyer needs5. Market trend and inflation

Problem and Suggestion

Nirlep is very small company and its head offise is alsa in Aurangabad only. According its good-will and brand name in today,s market, it is necessary to expand its business throughtout India.

The finance department ralated issue (the basic problem is that working load is much high as compare to employees strenth so it is necessary to appoint some young dynamic professionally qualified persons to handle this department properly)

Nirlep producing total 10 ranges of product(to think about narmal person,s income it isnt possible for them to purchase this product, because some of the product of Nirlep are so costly).For Example:- Nirlep Gas Top

To charge reasonable price according this product. So, everyone should purchase this product very easily.

Conclusion

Nirlep Appliance Ltd is fast growing company and also leading towards capturing Indian market as well as expanding in global market with its technologies, innovation, ideas and values.

The company created healthy environment for the customers and maintaining the quality of products and it fulfills nation’s economic developments and social responsibilities.

Though Nirlep is facing tough competition in the market. It has been ranked no. one in today’s market. One proves that the company has been successful at what it aimed i.e. offer millions a new improved life.

Bibliography

Website:- www.nirleponline.com

www.google.com

Books:- The Corporate Philosophy of Nirlep