(C}
ROLL
NO:
- 172 -
EXAM
NO:
V.M. PATEL COLLEGE OF MANAGEMENT STUDIES, GANAPAT VIDHYANAGAR, KHERVA ( GANPAT UNIVERSITY )
E R T I F I C A T E
This student
is of
certify
F. Y.
that
MISS. roll
PATEL
SNEHA.
BBA(C)
no:172,exam
no:________ has successfully completed his project work on industrial training during the year 20042005.
DATE : -
PLACE: PRINCIPAL: -
FACULTY MEMBER: -
R E F A C E
B. B. A.
student.
In this programme we have to visit at least three industries, first large scale, second medium scale, and third small scale, during this year 2003-2004. I have selected famous
IFFCO IFFCO
which can gets constant stand only city. We all know that the profit margin of fertilizers is very high. I have visit
IFFCO.
It
was
very
good
experience for me to look at the practical side of the business. I have of prepared company. department, report about various
department Marketing
Production Finance
department, department,
Personnel department.
C K N O W L E D G E M E N T
B.
course.
here
by
take
the
opportunity
to
thankful all of them specially. I also thankful to the companies for their guidance and assistance sparing their valuable time discussing the several aspect of Mgt. And lastly I also express my heart felt thank to some of my related member classmates who were a constant source of encouragement to me. First of all I would like to thank our honorable principal MR. KRISNAKANT CHUDASMA who will provide me the permission for the industrial visit. I would also like to thank our kind professor namely MR. VIPUL
PATEL
PRAJAPATI,
who helped me a
lot normally and provided us with all academic and other information MANAGERS:1 MR. MAHENDRA CHAVADA. Chief manager trg.
PAT
EL
SNEHA.
F. Y. B. B. A(C)
I N DI A N F A RM E R F ERT I L I Z E RS C O -O P E RA T I V E LIMITED,
K A L OL .
N D E X
1. THE
COMPANY
OF
DIRECTOR
STRUCTURE
H
The
I S T O R Y
A N D
E V E L O P M E N T
full
form
of
IFFCO
is
INDIA This
FARMERS unit is
CO-OPERTIVE from
LIMITED. -
spread over on 96 hectors of land is located 26 Ahmedabad Mehsana state highway near Kalol. This plant is the first plant of IFFCO which is established in 1967 register on 3rd November, 1967 and started on April 1975 as multiple unit Co-operative society. It was built at a cost Rs. 71.2 crores. The offsite unit consists plant of have plants been to produce in
ammonia, urea, liquid CO2 and dry ice along with facilities revamped
1997 water
to is
capacities by GIDC
to
1100 is
tpd. bore
from
installed around the unit and power is supplied by Gujarat Board. Approximately employees are working in the unit. IFFCO is the federation of 36144 Co-operative Societies. The production record of iffco is very excellent. PRODUCT Ammonia Urea ANNUAL
CAPACITY
(LAKH
TONES)
3.63 5.445
The total production capacity of iffco is 56.63 L/tones of fertilizer IFFCO Fertilizer Safety Productivity has won several of out Nation awards (FAI) and from the
India
National production
International
standing
E N E R A L
N F O R M A T I O N
Name of the company India Farmers Fertilizer Co-operative Ltd. (IFFCO-KALOL UNIT) o Address :P.O.Kasturi Nagar, Dist. Gandhinagar Gujarat 382424
Constitution:Co-Operative Ltd.
Date of Commencement:5th November, 1974 BANKERS: INDIA OVERSEAS BANK STATE BANK BANK
OF OF
INDIA
THE WEST BENGAL STATE COTHE KARNATAKA STATE COTHE PUNJAB STATE CO-
OPERATIVE
OPERATIVE
OPERATIVE
OPERATIVE
BANK LTD.
U D I T O R S
CO.,
(C.A.)
(C.A.) (C.A.)
O A R D
O F
I R E C T O R S
CHAIRMAN VICE-CHAIRMAN DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR
SINGH
TARUN BAJAJ
R. S.
HINGANKAR SINGH
JASSI
HARMINDER
SINGH
NAKAI
SINGH
SINGH
RAJESHWAR
R G A N I Z A T I O N
T R U C T U R E
Chairma
Sr. engineer
Manager
Sr. engineer
Chief manager
Dy.manager
Supervisor
Manager
Engineer
Dy. Manager
Workers
Chief operator
Operator
A T E R I A L
E P A R T M E N T
The material department mainly divided in broadly two categories. a. Purchase Department b. Storage Department PURCHASE This The
DEPARTMENT
department
is
related is mainly
to
all
other into
Department of the company like Finance & Account material Department divided two broad categories. Department, Personnel & Administration
department, production department, Fire & safety department etc. because all the purchase of the company purchase is handled by this department. If any and required for any department each
every department send separate list of material to the purchase department which they have needed. PROCEDURE:SCOPE
:-
1]
the scope of the existing procedure expect that it may be applied for item nos. (g), (h), (i), (k) and (1) which are as under. (a) Contract/agreement forclearin, handing, loading, and transportation of incoming/outgoing material. (b) Rate contracts for engagement of causal labour. (c) Rate contracts for maintenance of plant and township (d) Contracts for hiring of vehicles (e) Contracts for running of canteen/Guest House The procedure of E-Procurement may also not be applied for sine surplus and Agro-chemical suppliers. 2]
RESPONSIBILITY FOR PURCHASE-FUNCTION
In addition to the exiting procedure chief of system Department at each units, Head Office and Marketing shall interact closely with materials department for ensuring smooth implementation of E-procurement. 3]
REGISTRATION OF VENDORS/CONTRACTORS
The procedure of registration of A. vendors/contractors shall be as per the exiting procedure except that the information related to the E-mail shall be asked from the
along the be as
with
the in by
phase addition information with respect to the EDecember 2000. For this purpose a brief insertion the newspapers shall of be exiting the and for and procedure incharge personnel action to given Units/Head this units
Office/Marketing
Officer.
department
exiting vendors
procurement at other offices shall take necessary the exiting contractors for obtaining their E-mail address. The brief insertion to be given in the new papers by all units separately shall specify the following:
All of
registers December
vendors 2000.
and
contractors
are not
required to inform their E-mail address by and Vendors/contactors having E-mail address are requested to obtain the same. IFFCO shall issue enquiries and deal with vendors/contractors having E-mail address after 31st December 2000. Vendors/contractors who fail to register their E-mail address by the cut-off date may be debarred from participate in tender/enquiries
and their names may be considered for deli sting the pre-qualified list. 4] The the
ENQUIRIES/INVITATION TO BID
procedure
for shall
issuance be as
of per
enquiry the
for
items covered as per clause-1 of this supplement, E-procurement by of exiting procedure issuing providing suitable receipt modification for the technical
inquiries,
of
unpriced bid, obtaining clarification on technical and unpriced bids through E-mail. Vendors/contractors shall be asked to the
details of EMD along with technical and unpriced bids through E-mail. However actual EMD shall be sent by the vendors/contractors through courier or post immediately after details are informed. Price bids shall be received and opened publicly as per present for procedure. For the item covered under E-procurement no press advertisement for tenders shall be issued in newspapers. All advertisement shall be made on IFFCOS website only. However during phase-1 a brief insertion shall be made in newspapers mentioning the details of tenders on IFFCO in which advertisement has been displayed. This is expected to save cost and time. 5]
TIME ALLOWED FOR SUBMISSION OF BIDS
For bidders
the shall
items be
covered allowed a
under time
weeks
for
submission
of
technical
and
unpriced
bids. Bidder shall be required to post/send through courier their price bids and EMD which should be received within three (3) weeks. Immediately after receipt of technical and unpriced commercial bids committee can start review and interactions and obtained various clarification of facilitate price bids opening at an early date. 6]
OPENING OF BIDS
For unpriced
items bids.
covered Only
under bids
E-procurement shall be
no
public bid opening shall be done for technical and price opened publicity. 7]
LATE INVALID AND UNSOLICITED BIDS AND EMD.
The details to the respect to the EMD shall be as END per on the the exiting E-mail procedure, along with however the / vendors/contractors shall submit the details of the the technical unpriced commercial bid. The actual EMD shall be submitted immediately after submitting the details on E-mail through courier of post. 8]
LOCAL/CASH PURCHASE
The
procedure for
of
E-procurement purchase
may
not
applicable
local/cash
through
committee and also for enquiries expected to cost up to Rs. 2.00 lakh.
T O R A G E
E P A R T M E N T
Not only the purchase department but also the storage department is important for the material department. There storage department. 1) Receipt department 2) Issue department RECEIPT
DEPARTMENT:
It is important part of the storage department because any material purchased by the company will first come inventors the receipt department. In the receipt department is received. the receipt of
transport/lorry/train
After
received
the material it is recorded in the register which calls consignment receipt register(CRR). Inventor is record the information is CRR like number, purchase order No. Chal No. from place, Quantity etc. When a company received a receipt clearing officer to check the material from the which is
transportation company after that, it send to the important function of receipt department, clearing officers check the material that it is as per the order or not and also check quantity and quality of
material. If the material is not as per the order it will be rejected and it is as per the order it is accepted by the officer and send to receipt department. Here it is recorded in the (CRR). There are 17-18 person working in the receipt department among them two are manager two senior manager, three store officers, three junior officers and other workers. ISSUE
DEPARTMENT
: -
Issue department is also important part of the storage department because any material placed in this department after the process of receipt. Some function of this department are as under. 1.
INVENTORY PLANNING
planning is very important function of issue means IFFCO storage keep department inventory planning then is very necessary to keep optimum inventory because if less production department suffer loss and if keep more inventory then more money will indenter extra inventory. 2.
CONTROLLING
Issue
department
prevent
the
unnecessary
demand which demand by inventors for some extra units. Without controlling this department has less value.
3.
PRESERVATION
After preserving
the of
of is
any
material and
important
necessary. If company is not doing the process of preserving the material become rusty not unable.
4. LOCATION All the material put in the particular (specific) place in storage which call each digits and for every item has identify them. location. In location given From no including 9 particular code
ROQ has of designed ROL AND one ROQ, committee consisting for of
IFFCO
determination
account department maintenance department. ROL & ROQ is determined by this committee indenters the bases of past consumption value. Whenever issue department final any particular item indenter ROL point, it start procedure for inviting bids.
M
In the
A R K E T I N G
E P A R T M E N T
IFFCO
kalol
unit All
there
is
not of is
department. address of
the
activities division
ORGANIZATION
OF
MARKETING DEPARTMENT
General Manager (B. D. Singh) Sr. Manager (Marketing and service) Manager (Marketing ) (M. J. Reddy) Dy. Manager
MARKETING TERRITORIES
OF
IFFCO:-
NORTH CENTER
NORTH
SOUTH
WESTEST
(Calcutta)
JammuKashmir Hariyana
1) There are (5) zonal offices which is indicated indenters the diagram. 2) There are (17) State/state cum area offices. 3) The number of area officers are (63) which are below. STATE (1) Bihar (2) U. P. (3) Punjab (4) Hariyana (5) Rajasthan (6) A. P. (7) Tamilnadu PRICING POLICIES: Pricing policy of by has the not government sold its
IFFCO
OFFICES STATE 4 13 6 3 5 2 3 (8) Karnataka (9) Gujarat (10) M. P. (11) Maharastra (12) Assam (13) West Bengal
OFFICES 3 5 3 5 2 4
of
India. at
power for deciding the price of its fertilizers. IFFCO fertilizers higher price decided by the central government. For the formulation pricing policy government must determined all consumption the all determined rate over the of the fertilizers government indenters country, production
capacity of the plant. Than after decide the price of fertilizers. The price of fertilizers presently is Rs.245 approximately, which not changed by the company. A subsidy of the government is 40-45 % on the price of fertilizers.
Co-Operative Society
IFFCO
NCDC
co-operative society
of
fertilizers of of
is
very
give instruction to the company for distribute. For example, fertilizers only
IFFCO
KALOL
unit
distribute state
its
indenters
three
GUJARAT,
AND
MADHYA PRADES. IFFCO can not sale its this three the state. IFFCO of sale the by state through its quantity also decided
except of in
storage of fertilizers. The warehouses are in the all state, so that IFFCO distribute very smoothly. TYPE
OF WAREHOUSES:
Central Warehousing Corporation (CWC) State Warehousing Corporation (SWC) Co-Operative Godowns.
is
not
any
sales
promotion
in
the
fertilizers, but for the more sales of fertilizers, give an incentive to field officers. Company an incentive in the form of money or gives
promotion. For give an incentive company, first decided a target of selling. If field officers an achieve its target than company give an incentive like Rs.5000-10000 or promotion to field officer. ADVERTISEMENT: -
Advertisement is not necessary for the India according to but some time
IFFCO
because of the quota given by the government of company production capacity, capacity gives advertisement
indenters the national or regional newspaper as per the requirement. The fertilizers co-operative society joint put up board of
IFFCO
on
the
state
or
IFFCO
TOKIO
GENERAL
INSURANCE
COMPANY
under India.
general an
insurance of
ESPN
advertisement
STAR SPORT,
company
advertisement
I R E
& S
A F E T Y
E P A R T M E N T
With a rapid industrialization of the country safety role in is becoming the modern very important with In the every any management as it has come to play a very vital development. industries (units) there is no fix accident but it is happened any time naturally means suddenly in the units. At this time every unit has required the fire & safety department for controlling the unit, Whose main function is control over threats and establishment safety in the unit. In the IFFCO fire & safety has lots of
significant because IFFCO is using NH3 (Ammonia), H2 SO4 (Sulphuric acid), HCL (Hydro Chloric acid), CL (Chlorine) in the Naoh (Caustic Soda) are as a raw risky material production which the
there are 23 person doing job as a staff among them 6 are officer, 4 are full time fire man (24 hours service) which are doing job honestly perfectly and effectively. Fire may cause heavy loss to the plant & fire. The management fire risk deals with three aspects.
FIRE
PREVENTION:-
Fire prevention is nothing but the practice of careful habits. It is duty and responsibility of employee to prevent the fires and regulation to avoid fire hazards and explosions. FIRE
PROTECTION:-
It which
provision in extinguish
of the
help
immediate
handling
effectively as fixed
An
extensive
audiovisual
alarm
system
is
provided. There are 52 members. Fire alarm panel boxes installed all over the plant. Covering even isolated corner on breaking the glass of the fire alarm panel box. It gives as alarm in the control room of the on fire the station panel of & with fire also indicates the location to their respective It is is as
number. The fire alarm panel boxes are installed convey message essential to emergency. its operation therefore under, 1) Press the glass know
2)
IMPORTANT 1]
GUIDELINES:-
DANGER tags must be filled in all respect. The instruction not applicable should be crossed out.
2]
tags
should
be
properly until
and is by
affixed should be
complete in all respect and event of loss of removed jointly senor staff of production and senior staff of services (main) at the site after ensuring that the men and machinery are safe. Both of them will endorse REMOVED WITHOUT STUB and sing on the tag 3] When more than one crew is detained to work on the same equipment separate set of tags must be used by each Section/Crew engaged on the job. 4] All defaced tags due to long use or use or handing with all should be replaced and by a fresh tag and relevant entries signature
word DUPLICATE there on. 5] Tag once used should not be reused
6]
If the service staff feel, more safe, he may provide a local push button also
7]
To ensure effective isolation of 94H.T. motors, its 3.3.K.V.circuit breaker has to be drawn out minimum up to TEST position.
8]
After removed of the tags, the stubs should be stapled with respective tags and put in the locked box provided for the purpose.
9]
security of stubs is the safety of individual and the service staff is responsible to return it to appropriate authority on completion of job.
S
Security significance
E C U R I T Y
E P A R T M E N T
department in Gujarat
has
gained terrorist
paramount attack on
after
Swaminarayan Temple.
In
earlier as a
days
security
department but
was a
considered
normal
department,
now
days the situation is completely up-side down. Security department keeps eye on both type of
which goes out for repairing purpose. N.R.M.= Non Returnable material like, whatever
finish product which goes out for selling. Security circular copy department, marketing department a/c has to keep prepare material of finish
department,
officer the
department,
product goes out for selling. Security weight of purpose. department has to keep out record for of
urea
whichever
goes
selling
Security
department
checked
outgoing
material as well as in coming material. In coming material like staff bus, goods
carrier => train & truck. Security department has to make sure that any person coming in to the premises of IFFCO is for innocent purpose.
HIERARCHICAL DISPLAY
OF SECURITY DEPARTMENT
D.S. Jethava
Dixit R.K.Bilson B.K.Sadhu For outer boundaries they have given contract to PERFECT SECURITY who watches over main, walls of premises, railway yard, and storage tanks of naphtha, NH3 etc. At present security department is armed with CCTV security system, so now the staff is only 23 people. Before CCTV security system the staff was of 75 people, because now 4 cameras are at watch, 24 hour. critical CCTV security in system allows & recording zoom of incident videocassette, facility,
360-degree movement of camera etc. One camera is for railway line (broad-gauge & meter-gauge), another gate. Security each and department issues IDENTITY as CARD well to as one camera is for storage tanks & another two cameras are outer boundaries near to
every
employee
(permanent
contract base employee.) they have good system of keeping attendance & record of employee, for that have acquired punch card machines. Which keeps
record
of
in-coming
&
out-going
timings
of
each
employee.
E R S O N N E L
E P A R T M E N T
INTRODUCTION:This department is handled by the Mr. S. P. Jani who is senior manager of this department and Mr. Panchal is the manager of personal department. Personal department refers to the practices & policies. aspects acquiring You of need to carry out the personal rewarding your management job, specifically
training,
appraising,
environment for your companys employees. Personal department is concern with planning, organizing, procurement to the the directing & & controlling. of the at The maintenance number also of personal the right with
management in organization effective contribution required persons producing place for the right job utilizing their capacity to optimum level them relevant facility to achieve course of action. Some selection function of personnel management is process & promotion, wages & salary
J
Job of & the
O B
E S C R I P T I O N
is In
an
important
activity
of
personnel department, which includes the function this activities the job. I.e., (process) There Finance are & each and every person has given specific authority responsibility doing in & different account, department personal IFFCO.
administration,
Material,
production etc. in this entire department no. Of employee are working as under. DEPARTMENT EMPLOYEE SGM/GM OFFICE JGM (F&A) OFFICE A/C SECTION MECH.MAINT SECTION ELECTRICAL SECTION INSTRUMENTATION SECTION MECH.SERVICE SECTION CIVIL ENGINEERING SECTION INSPECTION SECTION MECH.MAINT & SERVICE SECTION 5 3 46 79 33 38 40 13 6 1 NO.
OF
PURCHASE SECTION STORES SECTION JGM (P & A) OFFICE TIME OFFICE SECTION SECURITY MEDICAL AND DISPENASARY SECTION ADMINISTRATION SECTION ESTATE/TOWNSHIP SECTION GUEST HOUSE PERSONNEL SECTION I.R. WELEFARE SECTION CHIEF MANAGER PRODUCTION OFFICE AMMONIA PLANT UREA PLANT DRY-ICE PLANT OFFSITE PLANT UTILITIES PLANT POLLUTION AND ENVIROMENT CONTROL SECTION BAGGING AND MATERIAL HANDLING SECTION FIRE AND SAFETY CHIEF MGR.TECH/SERVICE SECTION ENGINEERING SERVICES PROCESS ENGINEERING SECTION LABORATORY TRINING CENTER SYSTEM TRAFIC CHIEF MGR.UTILITY IFFICE
22 19 5 7 25 15 21 19 11 6 5 9 3 43 38 7 25 36 3 89 23 2 17 9 32 6 13 25 1
E
MAIN FUNCTION
OF
S T A T E
F F I C E
ESTATE OFFICE
Quarter allotment Sanitation Horticulture Sericulture vermiculate Sewage treatment plant Rain harvesting plant QUARTER ALLOTMENT
The kasturinagar Township was built in 1972. There are total 314 residences. Whole Township is insured; Means all 314 residence are insured.
There are five types of quarter in township. A B C D E & Bung low facility is only for M. D. Director, S.G.M. A. Sr. Mgr, Mgr. B. C. D. Junior Mgr. Sr. Eng, Eng. Operators, Foreman.
E. Emergency employees. SANITATION There are total 11% employee for this purpose. Every and They day workers house good collect and they garbage also the from each toilet, of every have clean
bathroom and washbasin system for solution complain, for that they keep one register. If any will person living in colony has complain then he/she After will come to the office and will office write will his/her complain in the register. getting complain estate classify each complain in different category like civil, telephone, plumbing, painting, after this classification they will send a person to that particular house who will repair the problem. HORTICULTURE of Its main function is plantation & maintenance garden (tree and loan). Horticulture department develop & maintains trees, garden. It also manages when & which tree is to be cut
This
year
H.O.
has
allotted
Rs.16
lakh
for
Horticulture as a budget. There are 40 employee in contract base. VERMICULTURE This plant uses all kind of west material of 314 residences. It collect first of all west material from each house then divides it in to two categories. 1. Degradable material 2.Gradable material
then by way of nature process it converts that west material in to nature fertilizer. This kind of natural fertilizer is suitable for every kind of soil and tree. Vermiculture plant produces it 350 Kg/Day, & its market value may be of 12 Rs/Kg. For getting ISO certificate this plant is really purposeful. SEWAGE TREATMENT PLANT As we know prevention better than cure like this its purpose is to recharge the earth, for the prevention of shortage of water all over in India.
E L F A R E
In the IFFCO employee has given welfare facility. The welfare facility given to employee is as under.
Medical facility Provident fund Estate office Industrial relation Canteen Transportation]
MEDICAL
FACILITY
Company employee.
gives
vital
medical
facility
to
its
Company
provides
medical
repayment
each
family
if
or
more
than
person
company provides them Rs. 2250 per annum as a medical repayment and if, less than 3 people in family company provides them Rs. 1125 per annum as a repayment. WHO
DOES NOT LIVE IN TOWNSHIP
In each family there are equal to 3 or more than 3 people in family company provides them
Rs.4500 per annum as a repayment and if, less than 3 person in family company provides them Rs.2250 per annum as a repayment. In case of special injury there is no limit for repayment like heart trouble. B.P., Plastic surgery, kidney, cancer etc. for this type of treatment, company is affiliated with some major hospital like. KRISHNA
HEART HOSPITAL
the
medical is get
of limit
employees Rs.40,000. as
There
maximum
cannot
Rs.40,000.
medical expenses for his parents. For parents medical expenses up to Rs. 15,000 are fully paid by the company and for more than Rs. 15000 company will 50% expenses but not more than maximum limit of Rs. 40,000. MEDICAL For According
BENEFIT AFTER RETIREMENT
medical to this
benefit fund
to
after are
retirement, company has made benevolent fund. every deducted from the salary of employee & Rs.40 are
contributed
by
the
management
means
total
(20+40) Rs.60 goes to benevolent funds & from this fund company provides medical facilities to its employee after their retirement. If any employee is expired in this situation then within one to week the of the company will give from Rs.65,000 nominees spouse
benevolent fund & also Rs.1250 per month given to the nominees spouse up to 60 month (5 years) by company from benevolent fund. After retirement every year Rs.2000 will given by the company And a also as normal medical year reimbursement. Rs.15,000 every
given by the company for hospitalization & these expenses are given against bill. If any employee can not use the whole Rs. 15,000 the balance is carried forward for next year & in next year employee can use more than Rs.15,000 up to the balance c/f till 10 years. After death of one person in single case medical facilities become 50%. PROVIDENT
FUND
provident but is by
fund in
is
in F. is The
Government, the
here
accumulation there is a special P.F. trust. P. F. of employee contributed considered the P.F. contributed @ of 12% on basic salary & the same amount management. company pays 11% interest.
In previous time from 1973 to 1995 company had adopted F.P.F.=(family pension fund) from 16/11/1995 onward new scheme was implemented by the company. From 12% P.F. contribution 8.33% goes to the F.P.F. & the rest comes to P.F. as per the rules the payment of P.F. is at the time of retirement years. . if employee complete minimum 10
I
Now a
N D U S T R I A L
E L A T I O N
days
workers
are
the
assets
of
the
company. The company is mainly depending on the workers & its ability to work. If the relationship between company & workers are good then it us effect on the production if the relationship is good means worker are highly satisfied & they put more efforts in their activity. If the relationship between company & workers are bad then it is also effect on the production of the company. The relationship between IFFCO & its workers are very good and the entire workers are highly satisfied with work and they say they are proud of
saying
that
are
working
in
this
company.
The
company is also proud of their employee with their work. If any problem the between then company supervisor solve the problem.
T
Time to work. The keeping
I M E
F F I C E
system
is
controlling
the
in time keeping
system. The IFFCO will give one holiday in a week. The workers have to work 48 hours in week. The company also gives public as per government rules & regulation
The
company
provide
following
facilities
to
manager can know which person work in which department & which shift. (2) The company will provide a facility of 14 days causal leave within 12 months and also provide 33 earn leave. (3) (4) (5) (6) The company provides half medical facilities within 20 days. 14 festival holidays in a year. The company provides one seek leave in an 18.25 days The workers get group insurance by the company If the employee want to leave therefore they have to inform the company days. by The the new help of application years. before 15 recruit
SHIFT (1)
OF EMPLOYEE
General shift:-
From Monday to Friday 8:00 a.m. 12:30 p.m. To To 5:15 p.m. 1:00 p.m.
For Saturday 8:00 a.m. (2) A shift:6:00 a.m. (3) (4) B shift:2:00 p.m. C shift:10:00 p.m to 6:00 p.m. to 10:00 p.m. to 2:00 p.m. to 12:45 p.m.
A N T E E N
A C I L I T Y
IFFCO is gives canteen facility to its employee and out sider visitor who takes visit to carry this facility the company is
IFFCO.
For
established
this department smooth running of this work done as per the company act. More lunch than 25 employee fast are working by for the this in this
department. There are 36 points where the teaand break each per given time canteen payment facility committee specifically and every department
prescribe
company give them Rs. 25000 subsidy The main objective of this is to provide fresh tea-lunch break fast region able price. There is no objective for profit. TRANSPORTATION For this facility company established specific transportation department. 8 employee are working in this department. The main objective of this department is updown of the employee at reasonable price or perfectly in time. 10 staff buses are doing this activity for up-down. PROMOTION
POLICY
It is an important method to compromise the level of organization. It is based on seniority & they are getting master degree by promotion of employee is transfer from lower job by person by authority / responsibilities.
T
Transfer place any
R A N S F E R
O L I C Y
refers
to
movement in
of
candidate employee
from one job to another / one place to another department transfer salary /statue & responsibilities are not changed but to get more job satisfaction to teach more & more to his employee etc. IFFCO kalol unit make transfer of an employee as per requirement with special care. Some times employee punishment. are transferred in the form of
P
IFFCO product 1 Ammonia 2 Urea 3 Dry-ice
R O D U C T I O N
E P A R T M E N T
is
related
the
production
of
Urea,
In the past means before the expansion of the plant the & 7 production 1200 tones it years of is urea per was day, 910 but 1100 tones after tones ammonia expansion urea
produce
PRODUCTION / IMPORTS Year 1998-99 1999-00 2000-01 2001-02 2002-03 3,34,172 3,03,127 3,22,025 3,14,621 4,71,843 4,87,808 5,50,297 5,38,096 Ammonia 3,46,24 4 Urea 5,18,03 0
M M O N I A
L A N T
It produces 1100 tones ammonia per day PROCESS:Nature gas & associated from the supplied by O.N.G.C from their gas fields through pipe lines. In the plant, the nature gas is first purified in the desul phuriser & than mix with system & partially. Performe reformer naphtha coming secondary is as out in primary reformer, A the primary gas of & gases enter supplied process from reformer with primary where associated mixture a reformer,
fuels.
stoichiometric
quantity of air is introduced the gases living the secondary reformer conation nitrogen, hydrogen, carbon dioxide & carbon monoxide. The gases are passes through shifts converts where most the carbon monoxide gets converted gas is purified in an absorber where carbon dioxide is absorbed in an aqueous mono ethanol amines solution. The MEA solution is regeneral ted in the stripper off & sends to urea plant. The gas after purification is a mixture of mainly Nitrogen & Hydrogen compressed converter in & 1:3 send product to the with proportions. ammonia gases It is synthesis synthesis
along
recycle
converter is a single pieces realtor of about 3.3 meters about diameters 265 tones. & 28 Here are meters length & & weight Nitrogen called Hydrogen back of & to the than
combined to from ammonia. The gases from the synthesis the converter recycled stream compressor. where The discharge is
compressor is past through a train of collars & chillers ammonia condensed unconverted gases from the separator are sends to the synthesis converter
R E A
L A N T
The urea plant is designed to produce 1650 tones of urea per day. It is based on in by stamicarbon stripping process. Engineer
Humphreys Glasgow PROCESS:700 tones of ammonia 4,70,000 NH3 of carbon dioxide (CO2) gas per day once reacted at high pressure in the urea autoclave, the CO2 first entrust a stripper in which it counter currently the liquid effluent from the autoclave. The liquid produce is urea solution passes to the recovery section gasses from the top of the stripper ant carbonates introduced. uncondensed introduced condenser The into where & NH3 is vapory Here also so\=n are is ammoniums two autoclave carbonatic water butter.
carbonsiosix,
I N A N C I A L
E P A R T M E N T
INTRODUCTION: The position of finance in business can be matched with the position of blood in the human body. Finance is of the business. Finance, today not only limited up to function that circulate business but also extended its boundaries. Today success or failure of any business concern heavily depends up on how effective financial management a firm has. It is the portfolio that gives maximum cost further different parties both inside and outside of firm are interested in financial position of firm and at fixed interval they often evaluate financial position by assessing financial statement of firm.
B
BALANCE
A L A N C E
SHEET AS AT
S H E E T
31
ST
MARCH,
PARTICULAR
Shareholders Funds 3,10,958.64 Loan Funds 99,392.84 Deferred Tax Liability (Net) 42,543.36 Total 4,52,894.84
4,36,949.73
APPLICATION
OF FUNDS
Fixed Assets: Gross Block 4,38,555.65 Less: Depreciation 2,25,454.45 Net Block 2,13,101.20 Capital Work-in-Progress 4,127.36 Investments 69,508.00 Current Assets, Loan and Advances: Inventories 1,02,056.05 Sundry Debtor 46,946.10 Cash and Bank Balance 11,339.45 Loan and Advances 96,060.45 2,60,398.67 2,56,402.05 Less: Current Liabilities and Provision Current Liabilities 75,719.38 Provision 14,524.39 17,102.94 93,381.28 1,14,887.67 19,910.28 32,459.94 93,150.65 69,073.38 13,623.28 2,02,439.03 2,41,116.67 4,43,555.70
1,10,484.22 90,243.77 Net Current Assets 1,66,158.28 Miscellaneous expenditure TOTAL 4,52,894.84 4,36,949.73 1,900.00 1,49,914.32
R O F I T
A N D
OF
O S S
S T
A C C O U N T
ENDED 31
PARTICULAR
IN LAKH
2005 2004 INCOME FROM OPERATIONS Sales 3,75,339.26 Subsidy from Government of India 2,16,617.64 Other Revenue 27,235.97 Increase /(Decrease) in Stock (15,888.46) 6,03,304.41 LESS: COST OF OPERATIONS Consumption of Raw Materials, Stores etc. Raw Materials 3,93,336.97 Stores and Spares 4,669.31 Chemicals and Catalysts 2,062.67 Packing Materials 9,603.66 4,09,760.12 3,12,642.79 26,819.11 (14,162.08) 7,35,059.94
Power, Fuel and Water 41,882.82 4,51,585.43 Less: Stock Transfer for Self Consumption 14,834.60 4,36,750.83 Purchases 3,841.00 Employees, Remuneration& Benefits 25,666.11 Other Expanses on Manufacturing, Administration and Distribution 63,356.47 Interest 4,112.79 Depreciation 18,401.19 Prior Period Adjustments (Net) (93.60) 5,52,034.69 PROFIT BEFORE TAX 51,269.72 Provision for Taxation 18,303.10 PROFIT AFTER TAX 32,966.62 Profit Transferred 7,726.20 NET PROFIT AS PER MULTI STATE 25,240.42 COOPERATIVE SOCIETIES ACT, 2002
F I N A N C I A L
45,997.68 5,65,734.60 8,776.63 5,56,957.97 15,585.85 26,810.46 68,666.72 3,401.72 16,759.14 (213.78) 6,87,968.08 47,091.86 15,128.02 31,963.84 2136.20 29,827.64
R A T I O
2005-2006(Rs. In
2.35
2.84 2.35
2004-2005 Year
QUICK RATIO: -
2005-2006
= Inventories
Current Assets
Current Liability
2005-
2,60,398.54 =
= 1.51
1.71
1.51
2004-2005 Year
2005-2006
NET WORKING CAPITAL: Net Working Capital = NET WORKING CAPITAL Liability. NET ASSETS = Fixed Assets + Current Assets Current Liability. 2004-2005(Rs. In lakh) In lakh) 1,66,158.28 = = 3,83,386.84 0.43 = 1,49,914.32 = 3,65,976.73 0.41 2005-2006(Rs. Net Assets = Current Assets Current
0.43
Ratio
0.41
2004-2005 Year
DEBTS EQUITY RATIO: Total Debts = Net Worth
2005-2006
TOTAL DEBTS = Secured Loan + Unsecured Loan Sundry Debtor NET WORTH
97,169.04 = 3,30,107.15
= 0.47
= 0.29
0.47 0.29
2004-2005 Year
2005-2006
TOTAL DEBT = Secured Loan + Unsecured Loan + Sundry Debtors NET ASSETS = Fixed Assets + Current Assets Current Liability
2005-
0.27
0.38 0.27
Ratio
2004-2005 Year
NET ASSETS TURN RATIO: -
2005-2006
2005-
1.12
0.98
2005-2006
2005-
= 0.86
0.88 0.86 0.84 Ratio 0.82 0.8 0.78 0.76 0.74 2004-2005 Year
FIXED ASSETS TURN OVER RATIO: -
0.86
0.79
2005-2006
Sales
=
Fixed Assets
2005-
3,75,339.26 = 2,17,225.56 =
4,09,760.12 2,16,062.41
= 1.27
= 1.90
1.9
2005-2006
Y E
O N
U T U R E
Financing planning is very important activity for each and every company for requirement of finance so that, there is no any shortfall or access of money with the company. In the IFFCO kalol has very effective and
efficient assuming structure for finance planning. Firstly, as per the daily requirement of different expenses and income. F&A department determine the ratio, like how much amount keep as a balance in bank account. In kalol unit there are not access amount put in the account. of money When first any it department inform to have fund required will
management committee (F.M.C) in its head office, Delhi. Fund management committee is check all the expenses document sent by iffco kalol unit, then FMC decide how much amount will passed for the company requirement. FMC transfer payment from bank Delhi which bank to overseas the kalol bank unit. or any other of nearer This type
payment transfer mostly accurate three days in a week Monday, Wednesday and Friday.
O N C L U S I O N
IFFCO
During
the visit we have observed that the dairy produce product with high technology, so we can say that dairy well having
IFFCO
to and the
grow
market
in
future. as
have been established its identity as global in demand market. is the by of and of by dairy believe Work
earn
IFFCO
production
department
financial department company can get finance at minimum rate and management is also well. I expect that
IFFCO