Bangalore

University

ORGANIZATIONAL STUDY OF THE MEHER CAPACITORS PVT LTD Submitted in partial fulfillment for the requirement For the post graduation of

MASTER OF BUSINESS ADMINSTRATION Submitted by

(Reg noUnder the guidance of

CONTENTS

CHAPTER NO 1 2 3 4 5 6 7 8 9 INTRODUCTION

CONTENTS

PAGE NO 7-9 10-17 19 20-34 35-42 43-46 47-50 51-53 54-55

COMPANY PROFILE ORGANIZATION STRCTURE ORGANZATIONAL DEPARTMENT STUDY PRODUCT PROFILE SWOT ANALYSIS/ VISION, MISSION ANNEXURE FINDINGS, SUGGESTION AND CONCLUSION BIBLIGROPHY

TABLE & GRAPH 1 2 3 4

CONTENTS GRAPH-ORGANIZATIONAL CHART A/C & FINANCE CHART PRODUCT FUCTION CHART MARKETING CHART

Page no 20 22 25 27

CHAPTER 1 INTRODUCTION

INTRODUCTION

Capacitor industry plays a vital role in the economic development of our country. This industry is closely linked with the major developments.

In the 21st century, as the population is increasing day by day, the demands for requirements are also growing But the resources are less to fulfill these requirements .Power is one of the main requirement but nowadays its not sufficient due to which the power shortage is occurring .Here the industry of capacitors comes into the picture. This industries produces equipments like low and high tension capacitor, automatic power factor correction panels, capacitor Banks, etc. By using this equipment, we can reduce the level of power consumption

These equipments can be used in any sector where the power consumption is more, such as agriculture, cement, steel, tool making industries, Electricity board, Big industries areas, etc. These machines also reduce accidents, short circuits, etc.

Today the country is by and large self sufficient in respect of these items. Infect, during the last decade, the industry has made enormous progress and has grown both in size and diversity. With the growing demand of these equipments this group of industry is expected to grow in near future.

SALIENT FEATURES OF CAPACITORS. Explosion proof construction self-healing Trouble free long life Available in both Aluminum, Plastic and metal box construction Leak proof Easy to connect and handle and low loss Providing with terminal or wires for connection Withstand high voltage Providing with PSD on special order.

ELECTRONIC INDUSTRY Electronics is one of the fastest growing segments of the Indian industry. Today, the electronics industry is completely delicensed with the exception aerospace. The electronic industry in India constitutes less than 1% of the global market. The demand for these products however is growing rapidly and the investments are flowing in to augment the manufacturing capacity Among manufacturing industries, the electronics industry occupies a key position in modern science and technology. It plays a vital role in the fields of atomic energy, communications, defense, education, entertainment and space technology. Until the 1970s the electronic industry was the most protected of all the Indian industries. The countrys electronics policy strongly favored self-reliance and technology and capital imports were strongly discouraged. This resulted in the electronics industry being highly underdeveloped till the late 1980s. The industry was very inefficient producing outdated and low quality models at a very high cost. Electronic industry is a fastest growing sector in India, this sector start from minute electronic items to large size transformers, capacitors etc, without the support of electronic instruments no one company run. Its also contribute in the improvement of the economic condition of the nation India remains a major importer of electronic materials, components and finished equipment amounting to around $20 billion (Rs84000 crore now) in 2008. The country imports electronic goods mainly from China In the last four years, production of computers has grown at a compounded annual growth rate (CAGR) of 31%, the highest among the various electronic products in India. This has been followed by communication and broadcast equipment (25%), strategic electronics (20%) and industrial electronics (17%). India is the fifth largest economy in the world and has the second largest gross domestic product among the emerging economies. Owing to its large population, the potential consumer demand is ever increasing and consequently under appropriate conditions, strong growth performance

can be expected. The liberalization of the Indian economy that began in 1991 has started changing regulatory, financial, and monetary policies leading to a higher pace of growth. The electronics industry is already a world leader. Several new themed zones will make their debut in 2009, reflecting the latest technological developments in the fast-paced electronics industry, namely Computer & Peripherals, Digital Imaging, Electronic Gaming and Healthcare Electronics

CHAPTER-2 COMPANY PROFILE

COMPANY PROFILE

INTRODUCTION MEHER was founded in 1977 for the production and marketing of low tension capacitors. Application of capacitors for power factor improvement was the first step towards Reactive Power Management (RPM), then a new concept in India. RPM has, since then, grown to embrace many other functions like regulation of active and reactive power flows, harmonic mitigation and Power Quality (PQ) enhancement. MEHER capacitors private limited was registered in Bangalore at 1984 for the manufactures of low and high voltage capacitors. This organization was situated in white field where it produced only small range of capacitors. 25kVr was manufactured in January 1988 where the new technology was established with new plant at Attibele. There was low and high tension capacitor in 1984, the assembly of panels section was started. Later as it grew in 1994-1995 the assembly of control panels was also started. The market was initially done by NGEF during 1984-91, since 1993 till date Larsen and Turbo are carrying it out.

The organization has been awarded with the prestigious certification of ISO 9001:1994 by Mis.BVQI-Bure au Verities Quality International [holding]-SA, London with effect from January 2001 and the company have been consistently meeting the requirements of the quality standards in all their activities. Design, manufacture supply, installation and commissioning and after sales service of capacitor units, APFC panels, harmonic filters of both L&T and HT application and custom built products according to customer specification.

PRODUCTS & SERVICE Better use of the energy MEHER produce is an important way to reduce CO2 emission, by reducing fossil fuel usage. MEHER plays an active role in protecting our environment by providing efficient solutions in Reactive Power management. Manufacturing unit The company has having a highly equipped and modern manufacturing plant is in Attibele industrial area which is equipped with state of art production system and test equipments. MEHER capacitor is 2nd largest capacitor manufacturing company in Asia. One of the valuable parts of MEHER manufacturing plant is highly modernized, level wise QUALITY testing and quality assurance. Collaborators: Larsen and Turbo presently undertake marketing of the companys products and services in India and this has been going on since 15years. L&T has helped MCPL to achieve high standard and competence. Branches: Meher has only branch, which any known as WTK. It is in collaboration with a German company, which is successfully earning profits.

Identification of new area: Meher continues to identify new application areas as constantly as they can. The companys products, systems and services have been availed off by diverse industry such as Textile, Chemicals, and steel etc. due to their widely manufactured products and being Indias leading manufacturing company, they are in quest for new industries. The company has also made substantial deliveries to various state electricity boards and undertakings, both in India and Abroad. Employees The company recognizes that its most valuable assets is its PEOPLE and endeavors to provide to its employees a conducive work environment, opportunity for updating of competence and constant awareness of customer satisfaction. Employees are being trained properly in every field so that they will be able to work in any field. Every year, a training calendar is prepared for the better of work. Social Obligation Meher plays a vital role to various social institutions to help poor and needy. They conduct seminars in various institutions time to time to make the students and people aware about the need and importance of the products to reduce the consumption of power. Team work Teamwork is the ability to together towards the common vision. Its the ability to direct individual accomplishment towards organizational objectives. Its a fuel that allows common people to attain uncommon results. In Meher the teamwork is outstanding and thus, their achievements are excellent. The companys goal for equity, efficiency and customer satisfaction are met through teamwork and continual quality improvement.

Infrastructure facilities: FACILITIES AVAIALABLE FOR MANUFACTURING OF MATERIALS ARE Winding machines element testing machine metal spraying machine Curling machine welding machine Heating ovens AC plant for environment conditioning Series resonance test setup for HT capacitors Capacitance and tan delta measuring bridge with accessories DC and AC testing equipments Toenail stability test chamber for LT & HT capacitor Winding machine is used for winding the film Element testing machines are used for winding material whether it is appropriate or not Spraying machine is used for spraying the zinc on the top and bottom part of winded material Curling machine is used for sealing of the cells after filling. These are latest sophisticated machines, and out of these some of the machines are imported from other countries to make the work easy, fast and time saving.

MEHER AS LEADER The company has a policy of continuous development and innovation in products and application and this is an important reason for the company being recognized as a leader in the field of electrical energy. The company accepts responsible for the total scope of its delivers and does not deliveries and does not deliver defected items.

QUALITY POLICY OF MEHER CAPACITORS Pvt Ltd Meher capacitor has an abiding faith in customer satisfaction as the key to sustain and growth of the company. The management is committed to consistence to quality, continual improvement and safety of the companys operation and employees. The companys goals for quality, efficiency and customer satisfaction are met through teamwork and continual quality improvement. The quality objectives shall be achieved through Ensuring companies goals for customer needs and satisfaction Respect and recognition for employees Providing right tools, aids and environment for all activities Committed to quality in all suppliers and services Providing training and up graduation of knowledge and skills of employees. Ensuring safety and health of companys Adaption of fair business practice Development of vendors as quality conscious partners Providing documents and resource for verification when required Building an image of quality and reliability to be a leading organization

STATE-OF-THE ART TECHNOLOGY The company has a state of art production plant covering 6000sq.ft a situated in plot at Attibele industrial area in Bangalore. The well designed plant layout enables smooth movement of materials from one stage to next stage with various operation being carried out sequentially

The manufacturing process is systematic, ensuring high productivity. Meher capacitors are continuously working on introduction new technology for manufacturing process. TYPES OF CAPACITORS MD XL ULTRA CAPACITORS HEAVY DUTY CAPACITORS SUPER HEAVY DUTY CAPACITORS HEAVY DUTY CAPACITORS-GAS FILLED STANDARD DUTY OF CAPACITORS. LARSEN&TURBO limited is among the words major manufactures of low voltage switchgear. Its scale sophistication and range meets global benchmarks. L&T established leadership position in the Indian market over a decade ago and now has a growing presence in international markets. In addition to high quality from its own factories, L&T seeks out the best in reactive power management and power quality products from companies who meet its benchmark and offers these products in the Indian market. Reactive power management and power quality products from meher are part of the world-class products offered by L&T. MEHER is a 30years young Indian organization engaged in manufacturing of RMP & PQ products and systems. It is an ISO-9001:2000 BEQ1 certified manufacturing company. It has global state of art design & manufacturing facilities. MEHER has the largest installed base of RPM & PQ products and system in India and has a significant global presence. MEHER is also the largest suppliers for power factors correction capacitors in India. Meher manufactures all type capacitors designs in both low & medium voltage customers set the widest choice of products, system and total solution in RPM &PQ.

L&T Meher views its role as a complete solution provider for RPM&PQ by not only offering products and system but also service such as harmonic & reactive power flow studies through the vast and largest network of expert service providers in India. L&T-Meher also offers training programme for RPM&PQ at its training. L&T Meher is committed to the market in the field of to end solution. RPM&PQ by providing end

CHAPTER-3 ORGANIZATONAL STRUCTURE

ORGANIZATION CHART ORGANIZATIONAL CHART

Board of Directors

Managing Director

Director customer Support

Executive Director

Quality assurance

Director commercial SER

Director Operation

NPEB

Capacitors Engineering Department

Management Representative

Production Management Services

Production

Sales

Material management Services

System Sales and Exports

Accounts Work Department

Accounts Officer

System Engineering-1

System Engineering-2

Incoming Material stores

Finished Goods Stores

CHAPTER-4 ORGANZATIONAL DEPARTMENT STUDY

ACCOUNTING AND FINANCE FUNCTION

STRUCTURE OF FINANCE FUNCTION Managing Director

General Manager

Finance Manager

Supervisor

Accountants Clerks

WORKING CAPITAL MANAGEMENT

Working capital management is concerned with the problem of that arise in attempting to manage. The current assets and current liabilities relationship that exists between them. The term current assets refers to those assets, which in the ordinary course of business can be or will be converted into cash within one year without undergoing a diminution in value and without disruption of operation. The goal of working capital management is to manage the firms current assets and liabilities in such a way a satisfactory that level of working capital is maintained. The company avail the working capital from the nationalized Bank in the form of over draft account.

TRADE CREDIT Trade credit refers to the credit extended by the suppliers of goods and services in the normal course of transaction/business/ sale of the firm according to trade practices; cash is not paid immediately for purchases but after an agreed period of time. In case of Meher capacitor credit the suppliers allow period with in 30days.

ACCCOUNTS RECIVABLE/ RECIVABLE MANAGEMENT The term receivable is defined as dept owes to the firm by the customers arising from sale of goods or services on ordinary course of business when a firm makes an ordinary sale of goods or services and does not receive payment. The firm grants trade credit and creates accounts receivable, which could be collected in feature.

TYPES OF SOFTWARE FOR ACCOUNTING PROCEDURE The software which is used for the purpose of accounts they use Tally software of 7.1 version which covers all recent updates accounting standards and also tally software of 7.1 version covers VAT concept which marks very easy for company to fill the tax according rules and regulation.

ACCOUNTING POLICIES OF MEHER CAPACITORS 1. FIXED ASSETS Fixed assets are stated at cost of acquisition less depreciation except land at Attibele, which is shown at revalued cost 2. DEPRECIATION Depreciation on fixed assets has been calculated on the straight line method at the rates specified in schedule XIV of the companies Act 1956 3. INVENTORIES Raw materials & work in process are valued at cost. Finished goods are valued at cost or net realizable value whichever is less 4. INVESTMENT Investment are valued at cost 5. RETIREMENT BENEFITS Gratuity is provided as per opinion 2 of the LIC group gratuity scheme PF payable is accounted and paid to the provident fund commissioner 6. BORROWING COSTS Borrowing cost including interest and other expenses for specific borrowing of funds that are attributing to acquisition, construction and fabrication of fixed assets are capitalized till they are put to use.

7. GENERAL Accounting policies not specifically referred to conform to the generally accounting practices.

PRODUCTION FUNCTION

STRUCTURE OF PRODUCTION Managing Director

General manager Technical

Manager Production

Manager Production R&D

ManagerQuality

Manager Dispatch

Manager HRI

S W H Production Dept

R&D Production Dept

For each and every category different planning is made. All the category raw material they will prepare indent and give it to purchase department. Then the purchase dept, material dept and other dept of production dept will discuss with general manager technical then will take decision about the procurement. Material requisition note is given to purchase department for the procurement process. Purchase department will select the suppliers who are approved by ISO for the selected the suppliers. The orders will be placed, whatever material procured it will be the inspected then whatever defected material found will be rejected note will be issued. MATERIAL DEPARMENT & STORES DEPARTMENT Material department in Meher capacitor holds a special significance because of various categories of products and models are use in the production process. Material department will discuss with other department in the production dept and according to the previous requirement and production advancement, decision is made procure material. Stores department has separate storerooms in which materials, finished goods are stored and also storerooms designed such a way that raw material can be used easily. RESEARCH AND MANAGEMENT For the purpose of R&D they have separate place, and all the expenses are made with respect to the process of R&D and special engineers and experts are hired for the process. For the purpose of motivation they have made approach called team leader i.e. in each production process a team leader is made and testing him responsibility and authority to achieve standard goals.

Every day the performance is evaluated with the chart including the standard production rate and actual production rate. STUDY OF MARKETING FUNCTION

STRUCTURE OF MARKETING DEPARTMENT

Managing Director

General Manager MKT

Assistant Manager

AGM MKT Christopher B

MKT Dept

Sales Executives

CHANNELS OF MARKETING Direct marketing is done by the sales force They use dealers and distributers They also have for online service or transaction basically the company follows two types of marketing channels they are direct selling and marketing with L&T Company. Direct sellingThe company is recruiting their own marketing executives on salary basis, target is allocated to them they sale product to the customer directly. L&T company They basically collaborate with L&T marketing company to sell their products. PACKAGING Sticking companys name to that product does packaging of the product very prominently and also attractively. PRICING STRATEGIES Pricing will made according to the market situation and market demand for the product. Price will also depend on the cost of the raw material in the present market and the overheads of the company. They also do not compromise quality and customer satisfaction. PROMOTIONAL STRATEGIES Advertisement is the main tool for the purpose of promotion. Those are Magazines Newspaper Hoardings Electronic media-internet.

MARKET INFORMATION AND INTELLEGENCE Basically marketing information and intelligence is done by the sales force and AGM of marketing department of the company. CUSTOMER RELATIONSHIP MANAGEMENT Customer relation is maintained at a good faith in the Meher capacitor. They maintain constant touch and interaction with customer and they will receive feedback and they attend to it.

HUMAN RESOURCE FUNCTION

INTRODUCTION To develop an organizational culture where superiors subordinate relations, teamwork and collaboration among different sub units must be strong and contribute to the organization health, dynamism and employees pride. In short Human Resource Department aims at helping people to acquire competencies required performing their functions well and make their organization do well. Thus the Human Resource Department has become very popular in the last decade and especially the Human resource network of human resource development. In an organization and a profession body the advancement of knowledge skill, value and attitude in human resource development are done through education, training and sharing experience.

Human Resource Department in an organization context is a process where employee of a organization are continuously helped in a planned way to acquire capabilities required for performing various tasks or functions associates with their present or future expected roles. To develop theyre general enabling capabilities as individual so that they are able to discover and utilize their own inner potential for organizational development purpose. Now a days human resource development departments are known as personnel department. In organizations the human resource development functions are taken care by the personnel department. The main functions of the personnel department are Administration Welfare measures Good industrial relations.

ADMINISTRTION The administration activities are as follows: Recruitment The main sources of recruitment are Open advertisement Management trainees Campus selection Vacancies to be filled by recruitment in department will be notify to the personnel department in employment requisition form, on respect of which personnel department will take steps for recruitment of personnel after obtaining approval, if any from the competent authorities.

A.1. Interview and selection The personnel department in consultation with the head of the departments concerned scrutinize application received in response to advertisements and list of candidates to be called for interview will drawn up. The human resource development manger will constitute the selection committee. Once the candidate is selected he as to go through a performance test after six months. Wages and salary administrative. The salary for the employee is given according to their qualification, designation and experience. They are being given an annual increment every year. Almost 65% of the salary to employees is given through IDBI bank. Job categorization according to work force. Group A- general manager Group B-manager Group C- section in charge.

Group D- Operators/workers. Grievance A grievance means a complaint affecting an individual workman in regard to payment wages, overtime, leave, transfer, promotion, seniority, work assignments, working condition, designation, and non extension of any welfare, amenity or benefit due shall be dealt by human resource development department. Settlements regarding Retirement, Death etc Settlement such as provident fund, gratuity, leave etc on the date of retirement, resignation, death, termination and voluntary retirement will be dealt in this section.

Gratuity for the service rendered by the employee according to the gratuity Act is 15 days salary for every completed year of services. The entire employees who come under provident fund Act must contribute minimum 12%. The employee should at least a minimum period of 5years in the organization only he will be eligible, provident fund of Rs 100 per year.

WELFARE MEASURE Consistent with the policy of the company through its employee and their families happy and contended, it is operating a number of schemes to promote their welfare. Employees labors welfare fund scheme. A fee of 2% is given to the children of employees. Other facilities like medical and transport facility is provided. Canteen facilities:

The canteen facility is on a contract basis. For the conveyance of the employees. Workings in the factory divisions canteens are run where food, coffee, tea and snacks are served. Transport facilities: For all the employees they provide conveyance through bus, vans cabs etc, and to who these facilities are not there, to them travelling allowances is provided. Safety equipment: Employees are provided safety equipments such as rubber pads, hand gloves, safety boots etc to ensure complete safety of employees from the risks involved arising out of accidents during performance of duties

PERFORMANCE APPRAISAL: A performance appraisal system is a strong tool in the development of human resources in the organization. It is consider as a mutual feedback to the management and thereby help to decide the carrier growth, training needs and other human resources development interventions required for each of them there by aiding their self-development.

Performance is the way forward for every individual and for the company as a whole. It is therefore vitally important that every individual has a clear understanding of his or her work, objectives and responsibilities, because performance will measure against these..

Performance management must create a shared vision of purpose and aims of the organization. It must help each individual to understand and recognize their part of contribution to the organization success and there by managing and improving the performance of the both individual and organization. High performance by way of performance management is the only guarantee for survival in an unpredictable and dynamic world.

Managers have to continuously motivate their employees besides considering other factors that enables superiors level of performance.

Infrastructure It is the responsibility of the department heads to identify, defines, provide and maintain appropriate work facilities that are required for the performance of activities, processes and service in order to ensure conformance and specified requirements. Facilities shall include adequate workspace and associated utilities, equipments, hardware and software, suitable maintenance and other necessary supporting services. To achieve the performance of activities, processes, end products, delivery and service to the customers satisfaction the necessary quality plans, work instructions, drawings, test procedures and checklist are being prepared and adopted.

Work Environment

MCPL management recognizes that the most valuable asset is its people. Therefore, the management and head of departments consider the work environment as corporate criteria and endeavors to provide its employees of a conducive work environment. This criterion of work environment includes regulation and statutory requirements such as safety and health, ambient working condition etc., and MCPL consider the above as the minimum requirements of all departments.

OPERATING PROCEDURE OF TRAINING IN MEHER Purpose of the training program To establish a procedure for providing training to MEHER capacitors private limited personals and customers. To give suitable knowledge to the employee.

Total number of employees are in MEHER The company is having skilled and unskilled personnels approximately 230 number of employees are working, it includes factory workers and casual factory workers. In those more than 40 employees are executive employees means engineers, and department heads, and also managers are there.

Method of training program is using by MEHER The Meher is using the method of training program is On-the-Job training method. In that in house trainers will give training to the employees. Some time the MEHER is arranging for guest lecture for their employees theyre all 12members of in house trainers are there in the company.

CHAPTER-5 PRODUCT PROFILE

PRODUCT PROFILE

capacitors

power capacitor, film capacitors

capacitors

APFC

Reactors

LT & H capacitors

19R

80R

83R

93R

HPC

AGP

73K

MPP types

MD XL ULTRA CAPACITORS

APPLICATIONS: Pf correction in LV network.

Fixed power factor correction for motors, transformers etc. APFC systems. Harmonic filters.

Features: Special tissue paper with heavy edge metallization on both the sides for better electrical contact. Capacitors in unique quadrilateral shaped metal enclosures mechanically well suited for stand alone installations. Heavy edge metallization to ensure high inrush current withstand capability up to 400X in. Continuous working temperature up to 80 degree celcious. Oil impregnated capacitor. Suitable for flexi-banking.

Safety: Self healing Discharge resistors Pressure sensitive disconnector Available in non-polluting, non PCB, bio-degradable.

Super heavy duty capacitors 1. MPP-SHD (90R) Application PF correction in LV network Fixed power factor correction APFC systems Harmonic filters

Features Capacitors in rectangular shape within built indicator coil Heavy edge metallization/wave cut edge to ensure high inrush current with stand capability up to 350Xin Special resistivity and profile of metallization for enhanced life. Suitable for flexible banking Safety Self healing and pressure sensitive disconnector Non-PCB, PU resin filled Protective steel enclosure and discharge resistor.

2. APP (20F)

Application PF correction in LV network Fixed power factor correction APFC systems Harmonic filters Features Bi-axially oriented hazy to ensure good oil impregnation. Suitable for flexi banking High inrush current with stand capability Especially vacuum processed, oil impregnated design. Safety Internal fuse design Non-polluting and non PCB oil.

 Protective steel enclosure and discharge resistor. HEAVY DUTY CAPACITORS GAS FILLED MPP-G (63G)

Application Fixed power factor correction, motors, and transformers. APFC system and harmonic filters. Features Best suited for APFC due to compact space saving design unique clamptite finger proof termination Heavy edge metallization/wave cute edge to ensure high inrush current with stand capability up to 250Xin Special resistivity and profile of metallization for enhanced life. Safety Self- healing Discharge resistors and pressure sensitive disconnector Available in non-polluting, non Sf6 inert gas.

Standard Duty Capacitors MPP-S (83R)

Suitable for application in Fixed power factor correction e.g. transformer / motor compensation Automatic power factor correction systems Harmonic filters Special design to allow banking of several units in cases where large compensation is required. Available in single phase design for special applications Inrush current withstand capability - 200 x In Finger proof CLAMPTITE terminals to reduce risk of accidental contact & to ensure firm termination in cylindrical construction Bushing terminals designed for large cable connection and direct bus bar mounting for banking for rectangular construction

Available in rectangular and cylindrical construction Optimized design to ensure low weight, compactness and reliability Twin protection: Self-healing + Pressure Sensitive Disconnector (PSD)

DE-TUNED HORMONIC RECATOR

Reactors are used along with capacitors to from De-tuned

Harmonic Filter Capacitors can be any of the following types MPP-H-Rectangular or cylindrical MPP-G-cylindrical APP-Reactor MDXL-Rectangular Application Detuned filters for mitigating harmonics Available in 5.6, 7&14% Features High linearity and compact size and convenient mounting Low losses and low noise level CPRI tested and IS: 5553

THYRISTOR SWITCH Application Simplicity of installation and compact Status display and self diagnosis Elimination of inrush current and user friendly indications and control.

CHAPTER-6 SWOT ANALYSIS

SWOT ANALYSIS

While conducting strategic planning for any of the company it is useful to complete an analysis that takes into account not only your own business but also your competitors business and the current business well. The following description will highlight the strength, weakness, opportunity and threats of the Meher capacitors pvt ltd

STRENGTHS Strengths means what the Meher capacitors pvt ltd does well, the following are some of the important strengths are The world 3rd largest capacitors manufacturing company Competitive price of products is a most powerful weapon of the company Highly equipped and modern technological manufacturing plant Quality control of products in each stages and technological quality checking of each products Using the highly qualitative raw materials Sufficient human resource power Customer satisfaction through supplying products at in time Providing the good services to customers for standard and nonstandard products Skilled and highly experienced departmental heads L&T is the major customer to the products

WEAKNESS It is the area where the Meher capacitors has to struggle Capacity of the plant is not fully utilized

 There is less scope for diversification of the products Employees and workers are not satisfied in their work, salaries and working nature The company is not able to get enough grants from various financial institutions Lack of good relationship between the management and workers There is no unity between the workers and there is any workers union in the company

OPPORTUNITIES Growing power industry Availability of skilled workers and policy support Huge export opportunities and government support All types of industries tries to minimum use energy, capacitors main function is to save the energy Having great opportunity to become a number one leading company in the Asia Availability well connected road network There is good scope for company to grow in the present market because of the benefits given by the government to use capacitors.

THREATS These are inside and outside things that there could be damage the business of industry they are Fluctuating policies of the government and ecological imbalance There is a fluctuating the product design for standard and non-standard products Economic crisis and high cost for installation of plant

If in case L&T stop the marketing of the products Mission and objectives of Meher capacitors Pvt Ltd

MISSION To be a leader in the field of development and manufacturing. For this the management is trying their level best to be consistent in quality, continual improvement and safety of companys operation and employees. The company works with a mission quality, efficiency and customer satisfaction, which is being met through teamwork and continual quality improvement. The world third largest manufacturing of capacitors Quality assurance to all types of heavy duty capacitors. VISION Helps to India reduce consumption of power by providing better power factory correction deceives of production To save the energy and increasing efficiency of working condition Providing more number of employment opportunities OBJECTIVES Development of skilled personnel To contribute towards HRD Look after employees welfare Reward for best performance

CHAPTER-7 ANNEXURE

BALANCE SHEET OF MEHER CAPACITORS PVT LTD AS AT 2012

PARRTICULARS SOURCES OF FUNDS Share holders fund Share capital Reserves & surplus Loan funds Secured loan and Unsecured loan Deferred tax liability Total Application of funds Fixed assets Gross block Less: depreciation Net block Investment Current assets, Loans & advances Inventories Sundry debtors Cash & bank balance Loan & advance Less current liabilities & provisions Net current assets AS AT 31-3-2012 In Rs AS AT 31-3-2011 In Rs

103285218

74626392

94982781 12796420 211064419

70939254 12450764 158016410

147087498 42173790 104913710 100500 89957572 6568949

92538726 90097554 83215446 79443505 270401331 164351122 106050209 61489889

TOTAL

211064419

158016410

MEHER CAPACITOR PVT LTD PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2012 PARTICULARS INCOME SALES Less excise duty OTHER INCOME VARIATION IN STOCK EXPENDITURE Material consumed Manufacturing expenses Employees remuneration and benefits Administrative, selling& other exps Financial expenses SCH Year ended 31-3-2012 Rs 480784387 56607085 424177302 Year ended 31-3-2011 Rs 413946192 50362671 363683621

264255053 16524404 40118303 47434250 17165715 385497726 52078763 7048486 45030276 15333622 345656 692172 28658827

226395270 14459542 35333352 78797159 14078976 369064299 18662845 5370488 13292357 2811456 2972773 1005873 6502255 6468449

Profit before depreciation Depreciation Profit after depreciation Provision for taxation Provision for fringe benefits Profit after taxation Less extra ordinary items Provision for diminishing value in investment Balance of profit brought forward from previous year Total profit available for appropriation Transferred to general reserve account Dividend payable Dividend tax payable Profit credit to balance sheet

62072587 90731414

62038782 62072587

90731414

62072587

MEHER CAPACITOR PVT LTD PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31MARCH 2008
PARTICULARS Miscellaneous expenses Sales promotion Papers & periodicals, meeting exp Incidental exp Office exp Forms & fees/marking fees Sitting maintenance Factory maintenance Pooja exp. PERIOD ENDED-2012 1968512 146032 463800 404791 1369558 4000 4040681 35253 8432628 219000 8651628 YEAR ENDED 2011 1515400 169846 424043 393147 1559914 1000 2433514 27564 6524428 378000 6902424

Miscellaneous expenses others Donations TOTAL Postage and telegrams Telephones and telex charges Travelling and conveyance Conveyance Travelling PACKING MATERIAL Opening stock Add purchase Less closing stock Stores and spares Opening stock Add purchase Less closing stock 409837 2464076 2873913 776431 5917350 5917360 534940 6212377 6747317 780413 5986904 1291374 5553930 6845304 121409 6723895

379254 2048873 2428127 822180 6543664 7366844 598333 5116121 5714464 534940 5179514 1260462 3 4654871 1291374 3363497

CHAPTER-8 FINDINGS SUGGESTIONS AND RECOMMENDATIONS CONCLUSION

FINDINGS During the course of study it was found that, MEHER capacitors is one of the fast growing companies. It has a good technical support from their employees. They are all well qualified personnel and also they are well trained personnel A major portion of the customer uses the heavy duty capacitors Majority portion of the capacitors purchased by L&T The company should give good training facilities to their employees The company having highly equipped modern manufacturing plant Meher capacitors strength is quality control and quality assurance

SUGESSIONS AND RECOMMENDATION Company has to give the preference for the six sigma concept Build the relationship between workers and management Solve the employees problems frequently Human resource management should be properly organized Company should take more promotional activities in which add plays a crucial role, it can used to boost the sales figure Providing the recreational facility to the workers to reduce the boredom from long duration of work The company must substantiate the pricing of its product and use new technology The company using only on-the-job training but they should provide ofthe-training The company doesnt have any management personnel they are having only the technical personnels so they have to recruit some management personnels to increase their fare in administrative level

 Company must be utilize the human resource and technological resource effectively

CONCLUSION Meher capacitors pvt Ldt policy is to service continuously for improvement of their products, services and also to give quality products to their customer to increases their creditability in the field of capacitors Training is being conducted for the entire staff especially for the workers to train them in all the field for job rotation Meher capacitors has highly qualified and talented departmental heads that is specialized is advanced field of mechanical design, system engineering, and production technology Meher is having big market representation and a good customer relation with the help of L&T Meher has established good network all over india and abroad To reach the global demand effectively, the company has to strengthen its functional areas Keeping in mind the increasing demand for quality products they have produced a wide range of capacitors

CHAPTER-9 BIBLIOGRAPHY

BIBLIOGRAPHY 1. Quality system manual of meher 2. ISO9000 manual 1998 3. MEHER brochures and manuals 4. Website- www.meher.com 5. News papers industrial manual, Business line, Financial daily 6. Search magazines 7. Electrical india 8. Industrial development.