(Affiliated to Anna Unie!"it# C$ennai% MADURAI&'() *(*+ ,ONAFIDE CERTIFICATE This is certify that this -REPORT ON INPLANT TRAINING IN .ASUNDARA TE/TITLES LIMITED0 MADURAI, Submitted to Anna University Chennai in partial fulfillment of requirements for the degree of MASTER OF ,USINESS ADMINISTRATION is a bonafide record of the work done by Na1a2a!a"at$+N (Re1+No+34((45'54*43% MrsS Shanthi MSSUMA !"# $ACU%T& 'U(#) DECLARATION ( here by declare that this pro*ect report entitled 6A REPORT ON INPLANT TRAINING IN .ASUNDARA TE/TILES LIMITED7 MADURAI8 submitted to Anna University Chennai, for the award of #egree of Ma"te! of ,9"ine"" Ad:ini"t!ation is my original work and has not been submitted for the award of any degree, diploma or certificate to this university or any other universities Pla;e< Mad9!ai N+Na1a2!a"at$ Date< (Re1+No< 34((45'54*43% AC=NO>LEDGEMENT ( e+press my heartful thanks to Mr %ion ' ,agara*an MA, Chairman of -a*a College of )ngineering and Technology and also to .rincipal #r SS Sekar, .h#, for giving me an opportunity to do the pro*ect ( e+press my sincere thanks to Mrs S Shanthi !"#, #epartment of Management Studies and my faculty guide MsSUma and to all my faculty members for their valuable guidance to finish my pro*ect ( e+press my sincere thanks to Mr S 'ugan Managing #irector of /asundara Te+tiles %td, Madurai, and all other working staffs for giving me opportunity to do my pro*ect ( e+press my heartful thanks to my parents and friends who helped me to completed my pro*ect CHAPTER TITLE PAGE A,STRACT I INTRODUTION II .ASUNDARA TE/TILES LTD A PROFILE III FUNCTIONAL DEPARTMENS< HUMAN RESOURCE DEPARTMENT I. ADMINISTRATI.E DEPARTMENT . ACCOUNTS DEPARTMENT .I PURCHASE DEPARTMENT .II SALES DEPARTMENT .III EDP AND ERP DEPARTMENT I/ E/CISE DEPARTMENT / ENGINEERING DEPARTMNET /I FINDINGS7 SUGGESTIONS AND CONCLUSION APPENDI/ A,STRACT This pro*ect report is entitle A -)."-T ", (,.%A,T T-A(,(,' (, /ASU,#A-A T)0T(%)S %(M(T)#, MA#U-A( The purpose of the report is to know the satisfaction level of the employees The primary data is collected through questionnaire and the secondary data is collected through the company reports, profile, website, etc According to the primary data most of the respondents are satisfied with the working environment 123 of respondents are satisfied with the safety equipments provided by the company Most of the employee4s are satisfied with the incentives The management accept the workers suggestions and give the reward for their suggestions The training given by the company is very useful to the workers and the training moulds the workers The management gives enough guidance to the workers and motivate the workers The workmen are less satisfied in the team spirit, so the management should motivate them to co5 ordinate with team spirit Some of the workers are dis5satisfied with their inter department relationship The workers are in need of more transport facility !owever, the employees4 *ob satisfaction level is well and good ( am proud to say this research work is provide more knowledge and e+perience to me To conclude it will be even helpful for further research activities, there is a possibility for further research in the same field INTRODUCTION M6s /asundara Te+tiles %td is a leading te+tiles industry /asundara Te+tiles %td, formerly te+tiles Ancillaries made its presence as a .rivate %imited Company in the year 2789 Then they had new *oint venture collaboration with Seisakushu %imited and Mitsubishi Corporation and the name was changed to /asundara Te+tiles %td The automotive industry is in the midst of a ma*or structural transformation in today4s globalised scenario :System supply; of integrated components and sub5 system is becoming the order of the day with individual small components being supplied to the system integration instead of the vehicle manufactures (n this process, most of the small scale industries units manufacturing smallers individual components are on their way to become tier < and tier = suppliers, while the larger companies including most multi national companies are being transformed into tier 2 companies, which purchase from tier < and = and sell to the auto manufactures 'enerally /asundara Te+tiles %td is a >apanese oriented Company They manufacture spinning yarn components .ASUNDARA TE/TILES LTD ? A PROFILE /asundara Te+tiles %td, originated as a private company founded by Mr-%akshmi ,arayanan, a .olymer Technologist of repute This unit is a product of his /ision and was setup in 2789, in anticipation of the revolution in the automobile industry, which had been stagnating for decades !e visuali?ed the need to upgrade the component technology for servicing the requirements of new generations two wheeler manufactures coming up at that time with >apanese collaboration The company went for technical collaboration with Arai Seisakusho Co %td, >apan for the manufacturer at -eed /alve Assemblies, "il Seals and technically critical Moulded -ubber .roducts (n 277@, the company e+panded its capital base with participation from Shriram group and it became a closely held public limited company and its activities increased in all the areas of manufacture Towards the end of 277=, the company concludes an arrangement for becoming a *oint enture with Arai seisakusho Co %td, >apan and Mitsubhishi corporation, >apan with a rotal investment of 1A3 on revised equity base The percentage of collaboration is, 88 813 for Arai seisakusho limited and 222A3 for Mitsubishi Corporation The *oint venture which now has resulted in the closer involvement of the >apanese collaboration is all set to look at global, marketing as one of its important ob*ectives apart from strengthening the base for serving (ndia automobile industry The company has regressed since 2788 and is today one of the leaders in the area of advanced technical rB 5ducts in rubber for (ndian automobile (ndustry The company is unique in having an e+cellent research and development base which is capable of absorbing the technology from >apan on a continuous basis to upgrade the product range of benefit the various customers with high reliability combined with cost effectiveness The environmental management system certification program was initiated in >une <@@@ and the (S"B 21@@2 certificate was obtained in the >uly <@@2The organi?ation is accredited (S" 7@@2B<@@@, for its quality in the year <@@< Mr %akshminarayanan, Chairman of the Company guides the technical, product development and marketing activities Mr %akshminarayanan, is a renowned spinning technologist with more than =9 years of e+perience in yarn industry Mr S 'U'A,, the Managing #irector of the Company looks after the day to day activities !e is an )lectrical )ngineer and MCA from ((M Allahabad !e held senior positions in Asian Crown Coverim, Caroda and $enner D(ndiaE %td, prior to *oin the company in 2787 !e is the e+5chairman, C(( Madurai ?one and was the president of Madurai managem ent Association and chairman, southern region of All (ndia management Association in 2779 F 277ACoth of them have been recipients of awards at die all (ndia level of contribution in their areas of speciali?ation The previous name of the organi?ation was M6s /asundara Te+tiles %td This was a Bmy family concern as private %imited company with initial equity of -s1<92akhs Cy G March, 277@ the annual sales was -s8@croresThe company had started with a man rower of only H9 And slowly it has increased to 9A7 in <@@1 TECHNOLOGY Closely supported by the >apanese partners, /asundara Te+tiles %td has built a sustaining and competent Technology Case, to manufacture, spinning yarn components to the higher standard required by the te+tile industry The superiority and e+cellence of technology resulted /asundara Te+tiles %td /asundara Te+tiles %td, is poised to be a ma*or member of the /asundara 'roup, and are gradually building their skills, resources and capabilities to becoming a 'lobal player, in this important field or auto ancillaries, based on .olymer )ngineering /asundara Te+tiles %td supplies its products both to original equipments market and replacement market Cut more concentration is on the ") market Apart from the oil seals and reed valves, the company also produces I"4 rings and other moulded rubber parts for the automotive industries in (ndia which are import substitute products which saves further foreign e+change to the country .i"ion< 5 market leader in the country in 9 yrs 277H 5 one of the top = in the world in the field of oil seals 5 to become the preferred supplier of all the customers 5 to produce ?ero defects products Mi""ion< To produce high quality products, at competitive prices combined with on time delivery, strictly adopting environmental process 2789 5 /asundara Te+tiles %td, was registered and started as a .vt %td, company 278H 5 Technical collaboration with S)(SAJUS!" C" %T#, 5 Totally professionali?ed 5 Second unit Trichy 5 Awarded best SS( unit in the #istrict 5 Third unit in J .udur 5 Set up -,# centre in J .udur 5 Awarded best unit in the state 5 >oint venture with Arai Seisakusho Co %td and Mitsubishi Corporation, >apan 5 ,ame changed to Arai Seisakusho Co %td 5 ,ew compounding unit at kappalur 2779 5 $ourth unit in J.udur 277H 5 $ifth unit D#edicated to Maruthi Udyog %tdE in J.udur 5 /asundara Te+tiles %td quality circle team won the first place in KC circle competition in Tamil ,adu conducted by C! DS-E 5 /asundara Te+tiles %td circle team won the first place in KC circle competition in southern region conducted by C(( DS-E 5 (n march <@@2 /asundara Te+tiles %td, white rose quality control has won the second place in the ,ational KC circle convention conducted by C(( 5 (n march <@@2 /asundara Te+tiles %td, have been certified by CS(5UJ for (S" 21@@25 environmental management systems Poli;ie"< F9n;tional Poli;ie"< !igh quality products shall be produced by practicing total quality management as a way of life Competitive price shall be achieved through sustained efforts on continuous improvement "n5time delivery shall be maintained through team efforts @9alit# and Eni!on:ental Poli;#< They are committed to Strive for continual improvement of their quality performance by meeting the changing requirements of the customer and environmental performance by prevention of pollution and minimi?ation of wastes Manufacture high quality products at competitive price by adhering to the systems, processes and procedures and continually improving the same .romote energy savings and conservation of resources Comply with all applicable legislative, regulatory F other requirements including those that apply to environmental aspects which govern the activities Achieve the above by creating awareness among employees through proper training and providing conductive work environment Te;$ni;al Cente!< The technical center activities of /asundara Te+tiles %td are carried out in a well equipped lab, which has been incorporated as part of the fundamental activities and consist of compound development )nvironment behavior investigations, routine availability controls are tested using the latest equipments Co:2an#0" A;$iee:ent"< 5 Cest SS( unit in the district 5 Cest SS( unit in the district 5 Cest SS( unit in the state 5 Kuality award from whir pool (ndia %imited, .ondicherry for 2@@3 supplier quality rating 5 /endor award from Maruti Udyog %imited for quality performance 5 Kuality award from %ucas T/S %imited 5 Award from Jeihin fie %imited, .une for cost optimi?ation 5 Awarded Cest SS( unit in the state level T$e Oat$ of .a"9nda!a TeAtile" Ltd+< The Company philosophy is to produce high quality products at competitive prices combined with on time delivery strictly adopting environmental friendly processes This philosophy is supported by following deep rooted beliefs !igh quality products shall be produced by practicing Total Kuality Management as a way of life Competitive prices shall be attached through sustained effort on continuous improvement "n time delivery shall be maintained through team effort )nvironment $riendly processes shall be adopted by practicing )nvironmental management system G!oBin1 and A;$iein1 EA;ellen;e T$!o91$ 2eo2le< Training Cench marking )mployee involvement )mployee empowerment -oot cause corrective action Teamwork Universal responsibility Supplies Teaming Thinking statistically Sustained commitment Cuilding TrustB )mployee dignity Transparency decision making /isibility DactionE Counseling St!ate1# of .a"9nda!a TeAtile" Ltd The "rgani?ation strives to e+cel by strictly adopting the following aspects 'rowing and achieving through people, by Training, Cench Marking, )mployee involvement, )mployee )mpowerment, -oot Cause Corrective action, Team Lork, Universal -esponsibility, Statistical Thinking, "rgani?ational Culture building F Sustained Management methods =aiCen< (t is a >apanese word meaning :Change for the Cetter; or :(mprovement; Jai?en refers to a work place IKuality4 strategy and related to various quality control systems Jai?en aims to eliminate waste This is then followed by standardi?ation of this Mbetter way; with others, through standardi?ed work )S P!in;i2le< 9 S is a method of organi?ing a work place, especially a shared work place Dlike a shop floor or an office spaceE and keeping it organi?ed Jey target of 9 S are workplace morale and efficiency 9 S assigns everything a location and time is not wasted by looking for things 9 S believes that the benefits come from deciding :what, when and how; should be stored (t brings sense of ownership of the process in each employee Sei!i & So!tin1+ $ollow red tag system $i+ed point photograph Standard for deciding the required things T!ainin1 'enerally !i Tech follow both on the *ob and off the *ob training )very A month follow training 277= "perator level5N=< hours 2771 Middle level 5N1@hours 2779 !igher level 5N 2 month P!o;e""< !- department prepares the training program for individual employee !uman resource analysis the performance of individual employee and if there is necessary they give training to them The employee in particular skill so training program conduct various level <@@H "perator level <@@8 Middle level <@@7 !igher level Training conduct like conference, seminar, 'uest lecture, management game and communication skill for various program was trained to the employee They will get feedback from the employees After that if the performance of the employees are not satisfied, they will identify where the employees are lacking and they will train them in that particular area Co9n"elin1< Counseling was conducted by personal department in an organi?ation thought improved the performance of employees in order to motivate them, and to discuss their problem within the organi?ation (t helps to improve their skill development and promotion in an ADMINISTRATI.E DEPARTMENT The Administrative #epartment heads by MrSSankaraJailasam,S'M Administrative, is responsible for all Administrative activities in all departments in any general issues, environmental safety activities are administered by this department as per T,.CC ,orms The air and water pollution control is administered by this department based on Air and Later act stated by T,.CC (t also handles other common issues likeB SECRETARIAL FUNCTION: Any organi?ation with a paid up capital of <crores should have a qualified secretary The organi?ational secretary Mr-'nanasekaran The secretary is responsible for convening and conducting the Coard of #irectors meeting The meeting should be conducted once in every = months "ne annual meeting should be held The other secretarial functions areB Compiling the annual report of the organization. Liaison between the Board of directors and the management. Liaison between the organization and the shareholders maintaining the statutory records. Handling all the legal activities of the organization based on the Companys Act. N !andling environmental organi?ations 'rant of scholarships N Sponsorship for tournaments N Transport arrangements N Arranging the visits of foreign delegates and their convenience N )C e+pense auditing N Mail and courier handling ACCOUNTS DEPARTMENT /asundara Te+tile follow three accounts like .urchase account Sales account 'eneral account P9!;$a"e a;;o9nt< .urchase accounts are two types indigenous account and import account (n indigenous account materials are purchased within the company The account that is purchased outside the domestic country is called import account 'enerally accounts details contains by the goods received note, ta+ation delivery chilion, inspection The account details finally framed by cash flow statement, profit and loss account and balance sheet Sales accountB Sales account raises the invoice information Sales account has four type of account ")M sales account -)S sales account )+port account )+port oriented sales accounts Sales account follows the ta+ applicable like e+cise duty about 213, education <3, higher educational 3 and Tamilnadu /alue added ta+DT,/ATE 13 After preparing the final records, the sales account is prepared and finally the auditing is made The sales account requires the collection list, checks, updating and ageing Ageing involves invoices and payments At the third week of every month the company prepared the sales account Gene!al A;;o9nt< Canking Cash management Audit and report Stock valuation Salary account Lind power generation $i+ed Asset Cank account consists the information about the bank balance, loan, customer payment and transaction of cheques (n banking account the records should be maintained and in the month of September to "ctober of every year, the banking account is prepared Ca"$ :ana1e:ent< Cash management involves the outflow and inflows of cash in the company To formali?e cash management every year company budget ids prepared based upon sales, purchased and other e+penses Cash management based upon the fi+ed deposit A9dit & Re2o!t< The general account prepared is finally reported for auditing After auditing, the report frame the profit and loss account and balance sheet This process is carried out in the end of every month in the company Sto;D .al9ation< The stock valuation is based on factory maintenance The stock maintained in the particular departments is valued to acquire information about stock inventory, customers dues and asset,s values >ind PoBe! Gene!ation< The company has 29 wind power generation The purpose of having wind power generation is it result in ta+ depreciation and also power consumption $or e+ample, one lakh power is produced in one month, but through wind power generation 2,9@,@@@ power is produced So 9@,@@@ power is consumed in every month and it is ad*usted on the bill FiAe A""et< Asset should be capitali?ed form followed the a6c payable $i+ed asset like land, building, room, and vehicles )very month they pay an rent amount to the fi+ed asset That record should be maintained by accounts department PURCHASE DEPARTMENT .urchase department is often called as purchase business 'enerally .urchase department is same function but activity is different Activity #ifference is increase the value and performed .urchases are of two types centrali?ed purchase and decentrali?ed purchase Cut /ASU,#A-A T)0T(%)S %T# follow centrali?ed purchase Cent!aliCed 29!;$a"e< Anything which is purchased through one activity is called centrali?ed .urchase Many organi?ation follow this because they are of /alue )asily communicated Simple account )asily fi+ the value P9!;$a"e t#2e"< /asundara te+tiles ltd follow three types of purchase They are %ocal purchase (mport purchase "ther purchase Lo;al 29!;$a"e< (n /asundara te+tiles ltd local purchase is done within (ndia This plays a vital role They purchase materials like rubber, shell, and aluminium etc P!o;e"" of lo;al 29!;$a"e< The production department inform about the input material to purchase department The purchase department orders the materials to the supplier $urther