Jesmon Hal-1

Internship Report of Hindustan Aeronautics Limited
CHAPTER I PROFILE OF THE ORGANIZATION
Hindustan Aeronautics Limited (HAL) came into existence on 1st October 1964. The Company was formed by the merger of Hindustan Aircraft
Limited with Aeronautics India Limited and Aircraft Manufacturing Depot, Kanpur. The Company traces its roots to the pioneering efforts of an industrialist with extraordinary vision, the late Seth Walchand Hirachand, who set up Hindustan Aircraft Limited at Bangalore in association with the erstwhile princely State of Mysore in December 1940. The Government of India became a shareholder in March 1941 and took over the Management in 1942.
Page | 1
Today, HAL has 19 Production Units and 9 Research and Design Centres in 7 locations in India. The Company has an impressive product track record 12 types of aircraft manufactured with in-house R & D and 14 types produced under license. HAL has manufactured over 3550 aircraft , 3600 engines and overhauled over 8150 aircraft and 27300 engines. HAL has been successful in numerous R & D programs developed for both Defence and Civil Aviation sectors. HAL has made substantial progress in its current projects : Dhruv, which is Advanced Light Helicopter (ALH) Tejas Light Combat Aircraft (LCA) Intermediate Jet Trainer (IJT) Various military and civil upgrades. Dhruv was delivered to the Indian Army, Navy, Air Force and the Coast Guard in March 2002, in the very first year of its production, a unique achievement.
HAL has played a significant role for India's space programs by participating in the manufacture of structures for Satellite Launch Vehicles like PSLV (Polar Satellite Launch Vehicle) GSLV (Geo-synchronous Satellite Launch Vehicle) IRS (Indian Remote Satellite) INSAT (Indian National Satellite)
Page | 2
HAL has formed the following Joint Ventures (JVs) : BAeHAL Software Limited Indo-Russian Aviation Limited (IRAL) Snecma HAL Aerospace Pvt Ltd SAMTEL HAL Display System Limited HALBIT Avionics Pvt Ltd HAL-Edgewood Technologies Pvt Ltd INFOTECH HAL Ltd Apart from these seven, other major diversification projects are Industrial Marine Gas Turbine and Airport Services. Several Co-production and Joint Ventures with international participation are under consideration. HAL's supplies / services are mainly to Indian Defence Services, Coast Guards and Border Security Forces. Transport Aircraft and Helicopters have also been supplied to Airlines as well as State Governments of India. The Company has also achieved a foothold in export in more than 30 countries, having demonstrated its quality and price competitiveness. HAL has won several International & National Awards for achievements in R&D, Technology, Managerial Performance, Exports, Energy Conservation, Quality and Fulfillment of Social Responsibilities.
HAL was awarded the INTERNATIONAL GOLD MEDAL AWARD for Corporate Achievement in Quality and Efficiency at the International Summit (Global Rating Leaders 2003), London, UK by
Page | 3
M/s Global Rating, UK in conjunction with the International Information and Marketing Centre (IIMC).
HAL was presented the International - ARCH OF EUROPE Award in Gold Category in recognition for its commitment to Quality, Leadership, Technology and Innovation.
At the National level, HAL won the "GOLD TROPHY" for excellence in Public Sector Management, instituted by the Standing Conference of Public Enterprises (SCOPE). The Company scaled new heights in the financial year 2006-07 with a turnover of Rs.7,783.61 Crores.
HISTORY
1940 1950 1) Formation of HAL by late walchand on 23rd December 1940 2) First flight of harbor trainer on 17th July 1941 3) Government of India took over HAL and handed over to US Airforce (September 1942 to December 1946) for repair / overhaul of seal Aircraft
Page | 4
4) HAL was placed under ministry of industry and supply in December 1945 5) Design and development of HT 2 Aircraft elementary piston engine trainer, theist indigenous project sanctioned in October 1948 1950 1960 1) HAL was placed under ministry of defense, government of India on 1st January 1951 2) License agreement signed for manufacture of (VAMPIRE) and GNAT 3) Design of jet Aircraft, the MARUT (MF 24) started in Augest 1956 4) Jet engine factory setup at Bangalore by 1959 5) Design of PUSHPUK and KRISHIK was under taken and there the manufacture of production of HS 74BG up. 1970 1980 1) Hyderabad and Lucknow division were set up for manufacture of Helicopter 2) Helicopter and accessories in July 1970 and November 1973 respectively 3) Design and development of BASANT, HP 32, AJEET TRAINER, KIRAN MK 1/11 and ALJ were sanctioned.
Page | 5
1980 1990 1) License agreement for MIG 27 Aircraft concluded in Augest 1982 2) New division of KORWA sanctioned in Augest 1982 manufacture of advanced system equipment.
Profile of HAL
HAL is Indias only aircraft manufactures and is the foremost aviation company in southern Asia. Today, the companys activities range from the design, repair and overhaul maintenance and field support to, Military, civil aircraft and helicopters Aero engines, Industrial and Marine gas turbine engines Aircraft Accessories system Aerospace vehicle structure
The Bangalore complex of HAL is the oldest and the largest group of aircraft and Aero engine factories of the company. The complex has its own airfield and comprises the engine, Aircraft, Helicopter, Aerospace, overhaul and foundry and forge division. It is adequately backed by the design development flight- testing and evaluation central, wind tunnels, test beds and a central laboratory. Its insistence on high standards both in manufacture and maintenance help HAL to grow.
Page | 6
Company at Glance Name of organization Address Year of established Name of division Constitution M/s. Hindustan Aeronautics Ltd HAL PB no 1788, Bangalore-17 1941 Aircraft division Public sector, wholly owned by Ministry of Defence Nature of Creativity Manufacturing of Aircraft
Page | 7
CAPITAL STRUCTURE
Page | 8
EVOLUTION AND GROWTH OF THE COMPANY

The Company's steady organizational growth over the years with consolidation and enlargement of its operational base by creating sophisticated facilities for manufacture of aircraft / helicopters, aero engines, accessories and avionics is illustrated below.
Page | 9
BUSINESS OBJECTIVE
HAL Objectives
1) To serve as an instrument of the national policy to achieve self reliance in the design, development of production of aircraft and Aeronautical equipments to meet the countrys changing and growing needs with special emphasis on military requirements.
2) To conduct its business economically and efficiently that it can contribute its due share to the national effort for achieving self reliance and self generating economy.
3) Towards this end, develop and maintain an organization which will readily respond to and adopt the changing matrix of socio-techno economic relationship where in a climate of growing professional competence, self discipline mutual understanding, deep commitment and a sense of belonging will be fostered and each employee will be encouraged to grow in accordance with his potential for
furtherance of organization goals.

Page | 10
Core business of HAL

1) Design and development of fixed and rotary wing aircraft, and accessories 2) Design and execution of military/ civil/ modernization updates 3) Manufacture, maintenance, repair and overhaul of Fighter and trainees aircraft Commercial and transport aircraft Helicopter civil military Industries and marine gas turbines Ground support equipment Manufacture of structure components for satellite and launch vehicle Maintenance of private aircraft Servicing of both private and military aircraft Outsourcing of material manufacture
HAL Mission
To become a globally competitive aerospace industry while working as an instrument for achieving self-reliance in design, manufacture and maintenance of aerospace defense equipment and diversifying to related
Page | 11
areas, managing the business on commercial lines in a climate of growing professional competence ".
HAL Core Values
Customer satisfaction We are dedicated to building a relationship with our customers where we become partners in fulfilling their mission. We strive to understand our customers ' needs and to deliver products and services that fulfill and exceed all their requirements.
Commitment to total quality We are committed to continuous improvement of all our activities. We will supply products and services that conform to highest standards of design, manufacture, reliability, maintainability and fitness for use as desired by our customers. Cost and time consciousness We believe that our success depends on our ability to continually reduce the cost and shorten the delivery period of our products and services. We will achieve this by eliminating waste in all activities and continuously improving all processes in every area of our work.
Page | 12
Innovation and creativity We believe in striving for improvement in every activity involved in our business by pursuing and encouraging risk-taking , experimentation and learning at all levels within the company with a view to achieving excellence and competitiveness.
Trust and team spirit We believe in achieving harmony in work life through mutual trust, transparency, co-operation, and a sense of belonging. We will strive for building empowered teams to work towards achieving organizational goals.
Respect for the individual We value our people. We will treat each other with dignity and respect and strive for individual growth and realization of everyone's full potential.
Integrity
We believe in a commitment to be honest, trust worthy, and fair in all our dealings. We commit to be loyal and devoted to our organization. We will practice self discipline and own responsibility for our actions. We will comply with all requirements so as to ensure that our organization is always worthy of trust.
Page | 13
ORGANIZATION STRUCTURE
The HAL division which for all practical purpose was formed as the door of the erst while HAL, before the formation of HAL it is the pioneer in the field of aircraft manufacture and i.e. May achievement to its credits to production and manufacturing crises.
AIRCRAFT DIVISION
> Total man power 4000 > Offices 550 > Direct workmen 2500 > Indirect workmen - 950
Divisions and products

HAL expanded rapidly. Hence it was decided to re-organize the Bangalore division on a decentralized pattern. The process of decentralization commenced in mid 1970s and has been completed by june 1974. Under HAL there are four complexes and each complex have different units/division
Page | 14
Four different complex: Bangalore complex Design complex MIG complex Accessories complex
Units / division in Bangalore complex

Aircraft division Engine division Airport service centre Overhaul division Foundry and forge division Flight test operation division Aerospace division IMGT
Page | 15
DIVISION OF HAL
Page | 16
PRODUCT OF HAL
Page | 17
Material Management at HAL
Historically the five Ms of the industries that is man, machine, money, material and methods. It constitute of more than 60 to 70 percent of the total cost Material management is important in term of valuation of the cost of material consumed by the estimation of valve of material held in stock. In financial parlance inventory is defined as the such of value of raw material, fuel, lubricants, spare parts, materials and finished goods stock at any given point of time.
Objectives of material control 1) Purchasing all the material and shares at the lowest possible price with requisite quality and reliability of delivery etc
2) Ensuring that no activity, particularly suffers for want of materials and stores, it should be noted that this requires constant availability of every items that may needed howsoever small its consistent maybe. Example:- Lubricating oil may cost much less than the main raw material but from the point of view of uninterrupted production both have equal important.
3) Minimization of the total cost involved both for acquire stocks from the price paid to the supplier and for holding them.
Page | 18
4) Determination in quality of materials due to defective or long strong or from obsolescence, and
5) Making available reliability information about all the items of materials and stores for proper production planning and to detect losses and pilfacges.
Important requirement of materials control system

1) Proper coordination in all department involved viz production purchasing, receiving, inspection, storage and accounting. 2) Determining purchase procedure to see that purchase are made after making suitable enquires at the most favorable time to the firm. 3) Use of standard forms for placing the order, receipts of goods inspection of goods received, authorizing issue of the material etc. 4) Preparation of budgets concerning material and supplies and equipment to ensure economy in purchasing and use of materials. 5) Operation of a system of internal checks so that all transaction involving materials, supplies and equipment purchases are properly approved and checked. 6) Storage of all material and supplies in a well designed location with proper safeguards.
Page | 19
Material purchase procedure, receiving & inspection Purchasing of materials
A manufacturing concern consumes a considerable quantity of raw material and stores. Efficient and economical purchasing of materials, which generally constitute a major part of total cost. Consistent of production is of great important in keeping material cost at the lowest possible level. This is possible by great care, skill and experience in purchasing and it would also be able to secure more economical rates.
Duties of purchase department

1) To purchase all materials and supplies on the basis of property authorized requisition. 2) To decide what to buy where to buy when to buy in what
quantity to buy
at what price to buy.
3) To ensure purchase at lower rates with the best buying times. 4) To ensure purchase of requisite quality. 5) To ensure timely deliveries of purchases. 6) To be well informed about market trends, sources of supplies, head time pre valvent rates and terms.
Page | 20
7) One receipts of invoices that check them with the purchase order and to ensure that the quantities received and the prices changed and correct. 8) To have information about average monthly consumption of materials and their minimum stock level. 9) To maintain a list of firms who failed to deliver materials in time or of requisite quantity. 10) To procure a detailed list of obsolete or deteriorated stock.
Study of procedures in material accounts
Material accounts are one of the sections in finance department dealing with accounting for materials. It tracts the material related transaction. The main functions are Maintenance of the receipt of all the materials heading store Accounting for the receipt of all materials by various classes and issues of materials drawn on work order A conciliation of balance with general ledger Quantity reconciliation of bin card balances with material ledger balance
Page | 21
Accounting for inter divisional transfer of material and its reconciliation Maintenance of non registers for material issued on loan and follow up for the system Scrutiny of slow, non moving and redundant inventories
Classification of material
From the purpose of control of material stores and space, consumables and tools are classified under two major heads, 1) Storage of items for projects 2) Storage of items for non project of commercial items
Inputs and reports coming to the material accounts section

1) Material requisition voucher (MR) It is generated at the user section. It will be routed through the planning section to stores section. The stores section issues material to the user section and sends a copy or MR to the computer section for passing necessary entries for transactions undertaken day to day basis. This price receiving reports the basis for accounting receipts to various inventory.
Page | 22
2) Stock re - classification (SR) In case unit code of the issued material differs from the material purchased, then a new rational code / material code will be assigned to the issued material such re classification is prepared and routed through computer section to the material accounts by stores through stock re classification.
3) Stock verification note (SVN) The stock in different stores is physically verified on a periodic basis and the SVN is prepared. SVN along with the material voucher routing slip is routed to material accounts through the computer section along with the routing slip.
Accounting procedures in material accounts

At present the accounting will be done during a period of a month for the period starting from 17th of month to 16th of succeeding month however during the month of march the transaction from 17th to 31st is also included for the purpose of the year end closure of accounts, In the financial department book keeping is the section which is responsible for maintaining of books of accounts and all other section, sends each months journal prepared manually to the book keeping section. Example:In the case of material accounts the receipt of material are
accounted through the bills payable section which sends the general journal
Page | 23
vouchers each month giving the consolidated details of the purchase expended for the preceding month, for issue the material account prepares the general journal voucher and routes through the costing section. In certain cases like stock transfer and other transaction the journal will be send to the book keeping department directly.
Documentation:Material account section receives various documents and sends the same to the computers data processing system section, for processing and obtaining necessary accounting output statements. In some divisions these documents are sent directly to computer for processing where such documents are received in these, theyre processing and accounting are detailed below.
1) Receiving reports:- material account section notes down the pricing of receiving reports on its copies as priced by the b/p section and send the same to computer or data processing section for processing on day to day basis. These price - receiving reports from the basis for accounting receipts to various inventory accounts. 2) Material requisition:- material account section from the stores department in day to day basis receives the material requisition or issue voucher, which are serially numbered. The work order or expenses account references and other particulars noted on the material requisition or issue vouchers are scrutinized totally and send to
Page | 24
computer or data processing section in bundles for processing and pricing at weighted average rates.
3) Store credit note:- store credit note in respect of return of excess material drawn, received from the stores department are scrutinized and sent through the computer/data processing section for processing items manufactured on stock orders and credit to the stores is not priced but quantity records are maintained since the value of these items are held under work in progress.
4) Stock transfer or stock re-classification:- stock transfer or stock reclassification advices received from stores are like wise sent to the data processing section for processing/ computer data processing section for processing and pricing at the weighted average rates.
5) Stock verification notes:- stock verification notes received from the stores department together with the commerce for the averages or shortages are like wise sent to the computer data processing section for processing and pricing the same at the weighted average rates available in the company.
Page | 25
Accounting policies followed by HAL relating to material accounts

1) Inventory is valued at lower of cost and net realizable value. The cost of raw material components and stores are assigned by using the actual weighted average cost formula and those in transits at cost includes material labour and related production overheads
2) Adjustment is not made for under or over of absorption of cost in jobs if the extent of under or over absorption in a year does not 0.5% of the net operating expense of the year. 3) Customs duty where application is loaded to cost of goods and equipment. When cleared and passed through customs. 4) Semi perishable welfare and miscellaneous expenses costing individually Rs 2000 and below are charge to revenue at the time of issue and those costing above Rs 2000 are written off to revenue in 2 years including the years of issue. 5) Stores declared surplus or unserviceable redundant are charging to revenue 6) Material issued from main stores are lying unused at the end of the year is not reckoned as inventory. 7) Saleable or disposable scrap is valued at estimated and realized value.
Page | 26
Qualities of a purchase manager
For efficient purchasing, the purchase manager or the head of the purchase department must have thorough knowledge and experience of buying in the particular time of industries. He must be honest and must not be tempted by offers of personal gain.
He must possess good knowledge of sources of supply and must know how to avail himself of favorable markets conditions, he must make a competition supplies with regards to their capacity for supplies, terms of delivery, qualities of materials and efficiency of services.
He should be having a work knowledge of the manufacturing process and needs of his concern so as to be able to anticipate what would be required and even he must work in following cooperation with the production and stores department so as to know their needs.
He must be capable of organizing & managing his department most efficiently and economically. He must maintain a proper classified record of all purchase contracts and make a note of all the supplies actually received against each contract from time to time.
Page | 27
Storing & issuing of materials
After materials have been accepted, the stores department will store them in appropriate bins and locations and make necessary entries for quantities in the bins cards. The materials will be ensured from the stores against proper authorized. The stores manager plays an important role in this regard, he is responsible for maintaining in a manner so that, 1) Materials received are stored properly in their respective bins with proper entries in bin cards. 2) Materials are ensured only on proper authorization through material requisition note (mip) or bill of materials and entered in the bin cards. 3) Purchase department is informed for purchasing materials as and when re order level is reached and follow up measures and taken through purchase department for timely delivery of materials ordered. 4) Material losses are avoided due to wrong handling (on their reciept and issue) storing and pilferage., etc. 5) Physical verification of stock as and when ordered by management is carried out with ease.
Page | 28
6) Management is advised to change stock levels on the basis of past experience and change in circumstances.
Research and design at HAL
In the year 1951, where the first HT-2 the first indigenously designed primary trainer made its first fight, it heralded the era of research and development as HAL, subsequently HAL and research and development capability has grown from strength to strength and has been hamessed to achieve greater heights of self-reliance HAL has 7 research and development centres engaged in the design and development of combat aircraft, helicopter, aero engines, gas turbines, engine test beds. Aircrafts communication and navigation system and mechanized system accessories.
Aircraft research and design centre
Growing from a small engineering support group in the earlier years the aircraft research and development centre of HAL has successfully aircraft designs to its credit. These products have been used by the IAF and have stood the testing time. Comprehensive capabilities in design of aircraft structure both in metal and advanced composite backed by static and dynamic analysis fatigue and fracture analysis.
Page | 29
Human Resource Management of HAL

Basically includes activities such as : Human resource planning Job analysis and design Recruitment and training Orientation and placement Training and development Performance appraisal and job evaluation Motivation Communication Welfare Safety and health Multi facts of industrial relations.
Functions of Human resource management
1) Acquisition 2) Development 3) Motivation 4) Maintenance

Page | 30
Future growth and prospects Considering the global economic and aviation scenario, the company intends to expand its activities in civil aviation sectors and aero widen its export market, the company is healthy with firm orders for SU30, IJT and ALH, worth 54,605 crore, the company continued to explore opportunities in export market order worth 370 crore were booked, A major step towards consolidation in international arena was achieved by entering into agreement with world aviation major is the following areas 1) Manufacture of 600 engines for honey well U.S.A 2) Supply of kits for Dorneirs 228, 212 for roug Germany 3) Work packages for Boring U.S.A Recruitment process in HAL Written test Interview Probationary offer letter Medical examination Police verification certificate Verification of document No objection certificate One month on job training One year probationary period Final offer
Page | 31
Category and designation (A) - Helper, Messenger, Waiter (B) - Mechanic, Technician, Security guard, Clerks, and Typists (C) - Senior technician, Mechanics (D) - Highly skilled Technicians (E) - Master technician (S1) Deputy supervisor (S2) Joint supervisor (S4) Senior supervisor Scales of pay Grades Grades 1 Grades 2 Grades 3 Grades 4 Grades 5 Grades 6 Grades 7 Scale of pay 6550 11350 8600 14600 10750 16750 13000 18250 14500 18700 16000 20800 17500 22300
Page | 32
Grades 8 Grades 9 Grades 10
18500 23900 20500 26500 23750 28500
Officer (Executive level) Category Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10 Designation Asst engineer, Asst officer Engineer Asst manager manager Senior manager Asst general manager Deputy general manager General manager Chief manager Executive directors
Page | 33
1) Employment Recruitment Promotion Probation Conduct, discipline, conduct rules, standing offer, service condition
2) Pay and Allowance Basic pay Dearness allowance House rent allowance Lunch / meal allowance Travel allowance Attendance allowance
3) Employee benefit and facilities
Medical facilities Transport facilities Uniform Worker education scheme

Page | 34
Canteen facilities Housing facilities Education facilities Supply of milk / Vitamin tablets Service gifts Employee welfare fund Sports club Advance and subsidiaries 1) House building loans 2) Vehicle loans 3) Computer loans 4) Higher education of childrens 5) Salary advance Insurance benefit 1) Group insurance 2) Employees provident fund 3) Employee pension scheme 4) Gratuity 5) Death relief fund
Page | 35
Medical facilities Coverage Employees who are borne on the regular rolls of the company and dependent members of their families are covered by one of the following scheme for their medical treatment, 1) Employees drawing emoluments is excess of 6500/- pm and also employees in stations where the ESI scheme is not in force are covered by the medical assistance scheme of the company 2) Employees drawing emoluments in excess of 6500/- pm and below are covered under the ESI scheme in stations where the ESI scheme is in operation
Transport facilities Employees residing outside the company townships are provided with transport facilities (company owned or arranged) at subsidized rates, to the extent possible for commuting between the residence and the place of work.
Page | 36
Uniform facilities Three sets of uniform material are issued to all employees who are borne on the regular rolls of the company, gents are issued material for stitching trousers and shirts and ladies are issued sarees and material for stitching. Stitching charge as indicated below are payable for stitching uniform, Gents Rs 200/sets Ladies Rs 120/sets for salwar Rs 50/sets for saree Further, one woolen sweater / cardigan of maroon colour is issued to regular employees once in 4years
Workers education scheme The worker education scheme is in operation in the company in collaboration with the central board of workers education (CBWE) ministry of labour, special leave with pay not exceeding 3days for visiting industrial centers outside are provided to worker trainees and worker teachers. Each advances and cash grant payable to trainee and teach given below
Page | 37
a) Cash grant payable to work trainees attending unit level classes Rs 150/b) Cash advances payable to: work trainees Rs2500/ work teacher accompanying the trainees Rs2500/Canteen facilities Canteen have been established at the division / officers as a welfare measure and is keeping with the statutory requirements under the factories act for the convenience of employees. These canteen serve coffee, tea, snacks and meals while items served in the canteens are charged at actual in division / offices who have opted for payment of canteen allowance as at 11:20, items are issued at subsidized rates at other places. Housing facilities Townships have been established at Bangalore, Hyderabad, wasik, korapur, lucknow and korwa. Township are self contained with facilities such as schools, hospitals / dispensaries, play grounds, parks, post office, banks, police stations etc. houses in township are allocated to employees according to their seniority and their eligibility for a particular type of quarters as shown below
Page | 38
Category
Type of quarters
Area in square feet
Workmen Officers in grades I to III Officers in grades IV to V Officers in grades VI and above
A B C D
385 600 900 1500
House rent, electricity charges and water charges are to be paid by employees occupying quarters as prescribed. Education facilities The companies has established schools at Bangalore, Hyderabad, korapur, Kanpur, and korwa divisions for the benefit of the employees children. The administrator of these schools is vested in the educational committees constituted for the purpose in the respective division accommodation furniture and equipment for the schools are provided by the company to the extent possible.
Page | 39
Supply of milk and vitamin tablets Employees below grade 1 who are engaged on hazardous jobs, according to the opinion of the company medical officers are given 8 packets of milk and / or vitamin tablets every day. The categories of employees who should be provided with milk and vitamin tablets are decided by the general managers concerned.
Employees welfare fund Employees welfare fund have been established in all the division with the object of undertaking recreational educational and cultural activities for the benefit of employees and their family members. The fund is also meant to encourage self help mutual co operation and to foster a spirit of goodwill and better understanding amongst the members. The welfare fund is managed by a committee consisting of representatives of the management and the employees. Sports club With a view to develop sports talent amongst the employees, sports club have been established in the complex / division. The company provides play
Page | 40
grounds, accommodations and grants for encouraging sports activities membership of sports club is open to all employees. Sports grounds and club buildings are maintained at companys expense. Co operative societies Co operative societies formed by the employees are functioning in the township with assistance provided by the management, they run stores for the supply of essential articles of daily use, fair price shop etc. HAL Families welfare association Families welfare associations formed by the wives of the officers are functioning in the object of looking after the welfare of the employees and their families and also to assist the dependants of deceased employees.
HAL Management Academy

HAL Management Academy (HMA) was established by the corporate management of Hindustan Aeronautics Limited, way back in August 1969, under the then name of HAL Staff College. It was re-named HAL Management Academy in June 2001 to reflect its focus on
Page | 41
management development, consultancy and research. HMA has now completed 35 years of fruitful contribution to the cause of management education. Responding to the need amongst practicing managers to constantly refresh and update their managerial skills, HMA offers a variety of programs in an open and short duration format. These programs form a part of a larger focus on Executive education. HMAs programs prepare practicing managers to meet the challenges of todays dynamic business milieu.
These programs provide exposure to the latest development in managerial practice at a global as well as local level. HMAs programs break fresh ground in management thinking as well as
practice. Participants gain insight into both theory as well as application of the latest in management. Participants are encouraged to apply learning in their organizational contexts, with a view to formulate strategies for post-program implementations. Programs at HMA provide not just individual learning, but also the in the area,
opportunity to
network with other
practicing
managers
Page | 42
providing for contacts.
active sharing of experience as well as building useful
The programs offered are conducted by HMA Faculty, who provide a unique blend of academic, research as well as consulting skills. In addition, all participants have access to the vast infrastructure as well as resources of the institute. MANAGEMENT DEVELOPMENT PROGRAMS
The Programs conducted at HMA are broadly categorized into Individual Development General Management Functional / Technical Programs Leadership Programs Certain programs provide opportunity for experiential learning inside and outside the classroom. Action oriented learning is imparted through outbound training in serene settings away from the hustle bustle of the city.
FACULTY HAL Management Academy has qualified and experienced full time faculty who have worked for several years in production divisions.
Page | 43
In addition, senior executives from different divisions are also invited as guest faculty. Apart from this, expert faculty from reputed institutions like the Indian Institute of Management, the Indian Statistical Institute, the Administrative Staff College of India, the Indian Institutes of Technology, the Indian Institute of Science and other well known trainers, consultants are also invited to handle sessions on specialized topics. METHODOLOGY
HMA continuously reviews and modernizes its knowledge delivery systems to add value to the services offered by it. A balanced mix of training methods are used in the Programs. Interactive learning is supplemented with case studies, syndicate work, role plays, management games, computer simulated business experiences, outbound training, book
reviews, panel discussions and project work. All participants are assigned project work. The knowledge thus gained can be used in their respective work areas. Outbound training provides them with opportunities for transformation to become effective leaders and team players. SOME PROGRAM THEMES LEAN Management Visionary Thinking through Strategic Management
Page | 44
Human Resource Management for Competitive Advantage in the dynamic environment Personality Development for Corporate Excellence Integrated Material Management & Supply Chain Management for Value Addition Quality Management Finance Management Induction and Basic Management Program for new entrants TOOLS FOR TRAINING Diagnostics, experience sharing , action planning and learning diary help in enhancing the effectiveness of learning. Diagnostics exercise enables participants to identify difficulties faced In their work place, helps them in analyzing the situation and arriving at remedial solutions. The Learning Diary helps participants identify key learning points. Individual and group action plans are the means for transferring learning from the classroom to the work - place. AMBIENCE A sprawling building amidst thick foliage, lush lawns, pathways and flower beds provide a serene retreat from the distractions of
Page | 45
the bustling metropolis. This ambience has a soothing effect on the minds of the participants and takes them away from the hectic business scenes to an idyllic location where they can review their contribution from more creative perspectives. Training Halls
HMA has five air conditioned and acoustically treated training halls with seating capacity varying from 15 to 50, with flexible seating arrangements. Each classroom is equipped with an Overhead projector, writing board, Public Address System, Digital Light Processing Projector (DLP), computer with the necessary state of the - art software to make presentations. Library A good library with over 12000 books mainly on management topics, a number of professional journals and an impressive collection of audio - visual aids supplement classroom learning and assignments. Auditorium An auditorium air conditioned and acoustically designed with
Page | 46
180 seats is also available for viewing films / videos and conducting seminars. A well lit dais is also suitable for cultural Programs by participants. Accommodation Forty fully furnished twin occupancy rooms and five dormitories provide accommodation for a hundred participants. A neat and tidy cafeteria within the campus provides nutritious food and caters to the palate of the participants from all over the country.
Recreation Centre The recreation centre is equipped with a home - gym, facilities for indoor and outdoor sports and also a television set, which provide the participants the much needed relaxation during the off - hours and holidays. A lot of newspapers and magazines are also available.
Accounting practices of HAL
1) The existing accounts manual was drafted ever two decades ago when the size and operations of the company were much smaller. The need for an updated manual for the company has felt.
Page | 47
2) A committer of sri.G.V.Kesava Roa, chief finicial controller (Bangalore complex) sri.S.R.Metha, chief financial controller (accessories complex), sri.C.Madhava Roa, form entry financial controller (design bureau), sri.A.G.Agarwal, formerly financial controller Kanpur division and sri.V.S.Murthy, chief system audit manager, Hyderabad was constituted to prepare a year draft after taking into account, inter-alia existing practices.
3) The first part of the manual viz, master chart of accounts (codification) was issued in April 1984.
4) This volume family part two of the accounts manual describes in brief the work carried out in the different branches of accounts department. It also describes the procedures followed, the documents handled and the registers and books maintained in the different section of the accounts department.
5) The manual should be read and followed in conjunction with the master chart of accounts (codification) (accounts manual part-1) issued by the corporate office and the accounting policies of the company (being complied and issued separately).
6) The manual contains a schedule of authority listing the powers to be exercised at various levels of officers of finance and accounts
Page | 48
department. This schedule gives at a glance the levels at which a particular transaction has to be processed, prepared, checked, passed and approved. This schedule should be taken as a guideline, and may be modified to suit the local needs.
7) In views of the importance and need for effective cost control mechanism in the company, it is considered desirable to have a separate detailed cost accounts manual. In view of this, it is not considered appropriate to include in the manual, the procedures and accounting carried out in the cost account section. Similarly a separate manual dealing with capital and performance budgeting will also be issued in due course.
8) Nothing considered in this manual should be held to super side the various office orders and specific instruction issued from the time to time and the procedures specifically agreed as a result of special arrangements with the customers.
Bills payable inland

This section deals with the following service of supplies and services rendered by inland vendors to the company. Payment and accounting of advance to suppliers. Payment and accounting of advance to other vendors.
Page | 49
Payment and accounting of final bills. Bank dealings with relation to suppliers. Adjustment and recovery of advances. Accounting/adjustment of deposit money and security deposit from the suppliers. Accounting and pricing of receipt vouchers.
Accounting procedures
Accountancy of services rendered, supplies made are done through the following accounting registers. Indigenous purchase journal:- the journal is maintained in the proforma as indicated at annexure-1. This register is posted on the basis of receipt vouchers. All (RVs) receipt vouchers received in the bills payable section are linked with purchase order, priced and posted/journalized in the journal. The cost of supplies made are debited to the relevant inventory/asset heads and credited to the sundry creditors account.
Service journal:- this register is maintained in the proforma as created at annexure-2. All service voucher/bills received in the bills payable section are entered in this register, after these are scrutinized and passed for payment. The cost of services rendered is debited to
Page | 50
the relevant expense head of accounts and credited to the sundry creditors.
Imprest journal:- this register is maintained in the proforma as indicated at annexure-3. The imprest voucher received from various imprest holders are scrutinized and passed for reimbursement and these vouchers are entered in the imprest journal by debiting to the various services/expenses heads and crediting to the imprest holders account.
Advance journal:- this register is maintained in the proforma as indicated at annexure-4. The accounts rendered for amount of advance paid to the various officers of purchase /store /maintainence etc for obtaining supplies, services are entered into this register, the amounts are debited to the various expenses/inventory accounts and credited to advance holders account.
Insurance
As per the policy of the company the following types of insurance are taken to cover various types of risks. 1. Fire insurance:- building, plant and machinery and equipment, work in progress, stock in trade and stores. 2. Fidelity guarantee of personnel dealing with cash and stores.
Page | 51
3. Goods in transit insurance of inland and overseas. 4. Cash in safe insurance. 5. Motor vehicle insurance. 6. Ground risk insurance to cover aircraft while taxing and on ground. 7. Flight risk insurance of employees travelling by air. 8. Group aviation insurance for test pilots.
The various policies as above are taken as open policies on annual basis and renewed at the commencement of each financial year for the purpose of computing the premium payments, declaration of the estimated values against the policies is made at the commencement of each financial year and again at such periodical intervals as agreed with the insurers.
The category of items to be covered for risks and the type of risks to be covered will be as per the pattern of insurance approved by the management. The cover of risk against fire is taken on selective basis.
Bills received from the insurance companies for premium are processed and action taken for its account and payment.
Page | 52
Bills payable foreign

This section deals with the following aspects of supplies and services rendered by foreign vendors/collaborators to the company. Payment and accounting of advances to suppliers. Payment and accounting of services obtained from collaborators and others. Payment and accounting of contracted fee (licence fee, TA fees royalty etc) Payment and accounting of customs duty, freight bills, agency commission bill etc. Payment and accounting of final bills. Adjustment/recovery of advances. Accounting and pricing of receipts vouchers. Opening of letters of credit and dealing with banks for obtaining foreign exchange release and payments thereby. Maintenance of commitment registers for budget of purpose. Maintenance of deferred liabilities accounts.
Page | 53
Cash section
This section is responsible following all receipts and payments cash / cheques and accounting of the same in the books. The main functions of this section are: Receipt of cash, postal orders cheques book draft etc, issue of official receipt from the same Booking of all receipt Drawing of cash from book to cater for daily needs Payment of voucher by cheque / cash Safe custody of cash cheque book. Book guarantees, fixed deposits receipts and other investment etc The following are the major accounting registers and subsidiary registers are maintained in this section, They are 1) Cash book 2) Securities register 3) Money order register
Page | 54
Pay roll section

The pay roll section is looking after the office and pay roll section. The main function of each section are as follows Employees gate passes are issued Maintenance of leave records and feeding of attendance data to computer with reference to the documents received Distribution of salaries and wages Payment and recovery of advance Recovery of dues from employees Remittances of amount recovered from employees to various agencies Accounting of all pay roll transaction
The following major accounting register and subsidiary ledger / registers are maintained in this section
Leave record ledgers / register Salaries and wages journal Travel expenses journal Leave travel concession expenses journal Loan registers
Page | 55
Advance registers for 1) Travel advance 2) Leave travel concession advance 3) Salary advance 4) Vehicle advance 5) Cyclone / flood relief loan 6) Special loan 7) Conveyance reimbursement registers 8) Record of attendance 9) Maintenance of leave records separately 10) 11) Feeding of attendance Payment of salaries and wages.
Marketing and Production strategies of HAL
Products of HAL are usually marketed to government to government, so the customers of HAL are:Domestic Indian Air force Indian navy
Page | 56
Indian coast guard Defense research and development organization Indian space research organization Bharath electronic limited National aerospace laboratories International Airbus, France Boeing, USA BAE system, UK Dassault aviation, France Israel Aircraft industries, Israel Mitsubishi heavy industries, Japan Royal Air force of oman Air Mauritius Airline operators in south Asian countries.
Production plan Production plan for the year 2010-2011

The production plan for the year 2010-11 has been drawn up to quantify the details of production and corresponding resources required to meet the requirements. The production plan covers the following: I. PHYSICAL TASK:
1. HAWK MK 132: the production scheduling of twenty two Hawk MK 132 Aircraft.
Page | 57
2. PTA Lakshya: the month wise plan production of two PTA Lakshya .
II.
RMS ORDERS:
1. Jaguar spares for Indian Air Force: The month wise action plan as, the estimated value of Jaguar spares is Rs. 3764.90 Lakhs. 2. Kiran spares to IAF and NAVY: The month wise action as, the estimated value of Kiran spares is Rs. 380.81 Lakhs. 3. DORNIER spares for IAF/NAVY/Coastguard: The month wise action plan as, the estimated value of Dornier spares is Rs. 937.48 Lakhs.
III.
ROTABLE REPAIR TASK:
1. Jaguar Rotable Repair-task for IAF: The month wise action plan as, the estimated value is Rs. 411.29 Lakhs. 2. Kiran Rotable Repair-task for IAF and NAVY: The month wise action plan as, the estimated value is Rs. 111.95 Lakhs. 3. Dornier Rotable Repair-task for NAVY: The month wise action plan as, the estimated value is Rs. 75.68 Lakhs.
Page | 58
4. Mirage Canopy Repair-task for IAF: The month wise action plan as the estimated value is Rs. 154.83 Lakhs.
IV.
INSITU REPAIR TASK: The month wise action plan as, the estimated value is Rs. 94.8 Lakhs.
V.
EXPORT ORDERS:
Aircraft Division has planned to execute the product of the following export orders during 2010-2011. 1 Airbus (A320) Doors -240 sets - Airbus, FRANCE. - Boeing commercial,
2 Boeing 777 Up-Lock Box Assy -67 sets USA. 3 G-150 Fuselage 4 IAI Cargo Doors 5 F-18 Gun Bay Door 6 F-18 Wire Bundles 7 P81 Weapon Bay Door -04 -04 -07 -21 sets -01
- IAI, ISRAEL. - IAI, ISRAEL. - Boeing, IDS, USA. - Boeing, IDS, USA. - Boeing, IDS, USA.
The month wise action plan for these order, The total estimates cost is Rs. 85.05 Crores.
VI.
MUTUALLY AGREED SCHEDULES: SUPPLYING DIVISION:
Page | 59
OVERHAUL: a) Jaguar Rotable Repair Task: The month wise action plan as, The estimation value is Rs. 125 Lakhs. a. Kiran (Mk I & Mk II) Rotable Repair Task: The month wise action plan as, The estimation value is Rs. 123.50 Lakhs. b. MIRAGE Rotable Repair Task: The month wise action plan is given for Mirage Canopy. The estimated value is Rs. 247.63 Lakhs. c. Jaguar spares: The month wise plan for IDTO spares as, The estimated value is Rs. 158.29 Lakhs. d. Kiran spares: The month wise plan for IDTO spares as the estimated value is Rs. 51.24 Lakhs. e. Darin-III: The month wise plan for IDTO kits for 3 Aircraft sets.
b) TAD KANPUR DIVISION: a. Dornier Production for CG: The month wise action plan for Wind shield, Sheet metal items and landing gear items as, the estimated cost is Rs. 525.05 Lakhs. Realization of sales depends upon the delivery of aircrafts at TAD, Kanpur.
Page | 60
b. HPT-32 spares: Aircraft division has to supply sheet metal items, canopy glasses, and cover assembly components to TAD, Kanpur. The month wise action plan as, the estimated value is Rs. 58.27 Lakhs. c. RUAG EXPORT: The month wise action plan for sheet metal items . The value is Rs. 38.15 Lakhs. d. DORNING LANDING GEAR SERVICING: The month wise action plan for Dornier Landing Gear
Page | 61
CHAPTER II
VARIOUS DEPARTMENTS
Indirect department 1) Personal and administration

Personal and administration does the work of managing the human resources ie managing the people at their work and their relationship with the organization, for any organization to become the leader is necessary to manage their human resources, identify their skills, talents and train and develop their knowledge to the organization specification. The main function of Personal and administration department are as follows, 1) Recruitment and placement 2) Training orientation and placement 3) Performance appraisal 4) Welfare 5) Trade union
2) Customer service department

All business enterprises in the world over recognized the important of their sales department and after sales
servicing outlets to maintain the standards of excellence in the eyes of their customers. The marketing concept adopted is a customers need and wait oriented by integrated marketing effect generating is a customer
Page | 62
satisfaction as the key to satisfying organization goals. The customer services department function the above concept keeping in mind, 1) Technical services 2) Spare support 3) Training
3) Finance department
GENERAL MANAGER
ADDITIONAL GENERAL MANAGER
DEPUTY GENERAL MANAGER CHIEF MANAGER
SENIOR MANAGER
MANAGER
DEPUTY MANAGER FINANCE OFFICER
ASSISTANT FINANCE OFFICER EMPLOYEE
Page | 63
The finance department is divided into various Material Accounts Cost Accounts Payroll Accounts Book Keeping Bills Payable Inland Bills Payable Civil Work Bills Payable Foreign Bills Receivable Finance Audit
4) Internal Material management

Material management is a function, responsible for the coordination of planning the requirement of material, sourcing and purchasing, storage, controlling materials in a optimum manner so as to provide a predetermine service to the customers out a minimum cost, Material management includes,
Material planning / control Purchase department Stores Outsourcing

Function of stores Collecting and receiving cell Collecting of material from go down
Page | 64
Clearance of foreign consignments Receiving the material and preparing for RR
5) Programme engineering
Programmed engineering consist of production and centralized scheduling, Production and scheduling Provision of control material
6) Method of department
The function of methods engineering department can be compared to function of brain center of a human body or central processing unit of a computer, The main objective of methods engineering department is to determine the most effective and economical method of producing a component of assembly
Function To decided the most efficient build sequence possible during process of sub-assembly, routing assemblies, major assemblies, stage assemblies Preparing of drawing break down from the drawing received from design bureau To ensure availability of plant and machinery suitability for manufacture of component Identify requirement of production tools and standard tools To identify requirements of all types of materials in time to meet delivery schedules
Page | 65
Flow chart of method department
Receipt of drawing/documenta tion
Drawing break down
Provisional material summery
Identification of parts
Clarification/Querries with customers
Preparation of process sheets
Final material summary
Release of JIG and tools request
Feed back from manufacturing during FAI
7) Quality engineering
The quality control department shall ensure that compliance of necessary requirements and obtain approval for manufacture of civil
Page | 66
or military aircraft from the following regulatory bodies and over seas customer.
8) Maintenance department
The maintenance department shall ensure availability of suitable environment and utilities, such as water compressed air electricity etc to the extent affect product quality, Functions
Upkeep for all the plant and machinery Erection and commissioning of new plant and machinery Energy monitoring of plant and machinery Repair / reconditioning of plant and machinery Water distribution, house keeping Scrap removal Civil maintenance Safety and environment control 9) Management service department
Productivity monitoring Management information system Industrial engineering Reporting on adequacy of resource and machine Efficient operation and use of all resources Execution of all manufacturing activities within the division Overall responsibility for tool planning, design and manufacturing of tools.
Page | 67
Direct department 1) CNC machine shop

Computer numerically coded machines which are used to turn raw materials into finished items here machines are controlled by computer programs, These machines help in efficient, low cost and good quality of parts and items . HAL is trying to minimise the human invention in production of parts and items
2) Export assembly
HAL bagged order of 600 doors sets, Each set comprising 2 of Airbus A-320, forward passengers door assembly Airbus industry France in 1990, a sperate assembly, was established in a hanger with export assembly shop, in 1992 HAL got order for manufacture of 30 sets of 757 over wing exit door, Boeing gave following order for manufacturing 300 sets, assemblies of Boeing 777 main landing gearup lock box assembly. Order for manufacture kit and door assembly for Boeing 737-300SF conversion program from messes Israel aircraft industries.
3) Jaguar structural assembly and jaguar final assembly

These department actually manufacture the aircraft they have all the equipment and machines etc, The assembly shop has facilities
Page | 68
of well designed assembly jigs, high quality hand tools reverting and skills in sealest in application and assembly Function Work planning and executing all assembly operation Efficient operation and use of all resource Contract review for non-export project.
4) Plastic department
This shop is responsible for the supply of all non-metallic item loaded on the assembly such as canopy, bubbles, for wind shield the GRP pipes that goon the aircraft and some plastic panels, fitted in the cock pit area, wood works also form part of the department they are soft tooling required by the tool room
5) Heat treatment shop

Here the metal sheets are treated with heat to get a particular hardness, all the machines and equipments provide for manufacture, The heat treatment shop has modern facilities for annealing, solution sing, and precipitation hardening of light alloys, in addition to heat treatment of steel, gas carburizing and nitrating, The entire furnaces are equipped with temperature controls devices are recorded.
Page | 69
6) Security department
This department provides the safety to measure to employees, new rules and regulations are created to protect the employee from meeting with an accident terms and conditions to be followed by employees when working are given by this department safety of the employee is taken care of in this department.
7) Transportation
This department provides transportation for employee for reduced rate, It even provides transportation of school children working in the company.
8) Canteen
This department provides breakfast, lunch, and dinner to the employee, there are 2 types of canteen namely, executive canteen and workers canteen, executive canteen is for officers and worker canteen is for casual workers, project trainees and all level workers.
Page | 70
CHAPTER III SWOT ANALYSIS
1) Strengths
y Strong market share (market leader in the segment).about 70%. y Very diversify product like : Aircraft Rotary Wing Aircraft Upgrade Transport Aircraft Engine & Test Bed Strategic Electronics Aerospace Systems & Equipment Gas Turbine Central Materials and Processes Laboratory & NDT Centre y Continuous innovation in R&D and process innovation. y Constantly innovative production some of the current running project are given below : Su 30 MKI MiG-27 M MiG-21 VARIANTS METALLIC DROP TANKS UNDER CARRIAGE .EJECTION SEAT CANOPY FLEXIBLE RUBBER FUEL TANKS AEROSPACE FASTENERS. y The reputation of HAL being the Defence organization has its importance and technically and financially renowned among PSUs (Public Sector undertakings) as Navratna and carries ISO: 14001 company .Quality in the world/Internal Business Organization.
2) Opportunities
In this industry the main opportunity is the increasing concern about modernization of the civil as well as the defense related air crafts. As our industry is purely state owned so there is almost no competition. Innovation of new products & the expansion of the existing market can be regarded as the best opportunity to be survived & to bring the development. As H.A.L. has monopoly in the manufacturing and overhauling of aircraft, so it can explore all the advantages related to this field.
Page | 71
Threats
The main threat can be considered as the different foreign aircraft manufacturers are gradually entering the Indian lucrative market because of low cost availability of the skilled labor &other cheap infrastructural aspects. An other big threat is that increasing trend of foreign direct investment in the domestic air craft production sector. Global contraction of Material Supplies may hamper the growth of aircraft industry. Foreign Aircrafts Preferred to Indian Planes which may reduce the demand in case of Indian defense industry. Intense rivalry expected in the recent global tender for warplanes. HAL has fear to terrorist as it is a defence organisation producing fighter aircrafts.
Weakness
Rising private participation in defense production The government has been encouraging greater interaction of private players with defense research organizations by allowing them access to research done by their laboratories. Nearly US$275 million (20-25% of the turnover of public-sector defense companies) worth of materials, subassemblies and components are obtained by state-owned defense undertakings from the private sector.
Page | 72
Significant factor for success

Current projects
1) Jaguar upgraded Aircraft program 2) Pilot less target Aircraft 3) Light combat Aircraft Tejas 4) Advanced light Helicopter Dhruv 5) Intermediate jet trainer HJT 36 6) Advanced jet trainer Hawk
Future projects
1) Combat Aircraft trainer 2) Medium multi role combat Aircraft
Page | 73
CHAPTER IV Financial Performance

Profit and Loss Account
As at 31st March 2010 (Rs. in Lakhs) Particulars INCOME Gross Sales Less Excise Duty Net Sales Changes in WIP/SIT/Scrap Other Income 18 19 20 21 22 6 22A 922180.16 78551.89 195405.35 78849.72 3.44 16599.73 42372.21 1333962.5 0 58475.15 23 Deduct: Expenditure relating to Capital & Other Accounts Net Expenditure Profit for the Year Less : Provision For Taxation (Net) Provision For Fringe Benefit Tax Provision For Deferred Taxation (Net) Profit Aft er Tax 29995.00 9353.22 -1997.89 196741.1 3 173986.16 1275487.3 5 268843.2 4 74100.00 70000.80 1167377.64 233486.40 43990.00 888.29 14621.95 173986.16 763594.57 79774.16 254277.60 77617.15 29.87 14255.43 47829.66 1237378.44 23A/B 17 16 1145669.95 87.83 1145582.12 203378.86 195369.61 1544330.5 9 1400864.04 EXPENDITURE Consumption of Raw Material, Components, etc. Amortisation & Other Charges Salaries and Wages Other Expenses Interest Depreciation Provisions 1037338.09 268.44 1037069.65 143861.41 219932.98 Schedule 31st March 2010 31st March 2009
6687.23 196741.1 Profit Available For Appropriations Schedule `1' to `24' and Accounting Policies attached form part of the Accounts.
Page | 74
Balance sheet
As at 31st March 2010 (Rs. in Lakhs) Particulars SOURCES OF FUNDS Shareholders' Funds Capital Reserves and Surplus Loan Funds Secured Loans Unsecured Loans Deferred Liabilities (Net) Deferred Tax Liabilities (Net) APPLICATION OF FUNDS Fixed Assets Gross block Less : Depreciation Net Block Capital Work-in-progress Special Tools and Equipments Investments Current Assets, Loans & Advances Inventories Sundry Debtors Cash and Bank Balances Loans and Advances Less: Current liabilities and Provisions Liabilities Provisions Net Current Assets Miscellaneous Expenditure ( To the extent not written-off/adjusted) Gross Carrying Amount Less: Cumulative Amortisation and Impairment Loss Schedule 31st March 2010 31st March 2009
1 2 3
12050.00 800302.26 812352.26
12050.00 649596.58 661646.58
4 4A
18.20 150528.68 962899.14 293352.99 146802.75 146550.24 21237.40 167787.64 297825.31 23065.60 1366003.48 185803.50 1865763.56 507338.40 3924908.94 3488732.30 158578.73 3647311.03 277597.91 267003.59 70380.91 196622.68
198.53 152526.57 814371.68
5 6 7
263809.20 131052.81 132756.39 21785.93 154542.32 301214.53 4402.98 1043118.62 184825.71 1974455.79 585614.21 3788014.33 3504673.57 127199.52 3631873.09 156141.24
8 9 10 11 12 13
14 14
15
Net Carrying Amount Schedule `1' to `24' and Accounting Policies attached form part of the Accounts.
247821.34
Page | 75
Financial highlights Hindustan Aeronautics Limited (HAL) has achieved sales turnover of Rs.11,457 crores during the Financial Year 2009-10. The profit of the Company (Profit Before Tax) soared to Rs.2,688 crores. The highlights are given below :
Rupess in crores
Particulars Sales VOP PBT PAT Gross Block
2008-09 10373 11811 2335 1740 2638
2009-10 11457 13490 2688 1967 2934
Growth over Previous Year 10.45% 14.22% 15.12% 13.05% 11.22%
Page | 76
16000 14000 12000 10000 8000 6000 4000 2000 0 Sales VOP PBT PAT Gross Block 2008-09 2009-10
CHAPTER V Conclusion
HAL is listed among top ten public sector units which are running in profit. Its main customer is IAF; its other customers are ADA and other civil customers, Navy, Air Force and Coast Guard etc. Aviation is one of the most significant influences of our time and it empowers a nation with technological strength. It is a major tool for economic development and has a significant role in national security and international relations. HAL, over the last six decades, has grown progressively into an integrated Aerospace organization . Developments have helped HAL in establishing a competitive edge among the global aerospace companies.
Page | 77
The new initiatives in R&D include weapon system integration ( WSI ) on ALH, development of Light Combat Helicopter ( LCH), combat Air Trainer versions of LCA. HALs participation in the outsourcing program of global aerospace companies like Airbus, Boeing, BAE systems, Rolls Royce, etc. In HAL budgeting system, the period considered for budgeting is the financial year from April to March .It lays a comprehensive plan of action expressed plan of action expressed in financial and physical terms.
Page | 78

Jesmon Hal-1

Enviado por

Dados do documento

Descrição original:

Título original

Direitos autorais

Formatos disponíveis

Compartilhar este documento

Compartilhar ou incorporar documento

Opções de compartilhamento

Você considera este documento útil?

Este conteúdo é inapropriado?

Direitos autorais:

Formatos disponíveis

Jesmon Hal-1

Enviado por

Direitos autorais:

Formatos disponíveis

Internship Report of Hindustan Aeronautics Limited

CHAPTER I PROFILE OF THE ORGANIZATION

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

EVOLUTION AND GROWTH OF THE COMPANY

Internship Report of Hindustan Aeronautics Limited

furtherance of organization goals.

Internship Report of Hindustan Aeronautics Limited

Core business of HAL

Internship Report of Hindustan Aeronautics Limited

HAL Core Values

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Divisions and products

Internship Report of Hindustan Aeronautics Limited

Units / division in Bangalore complex

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Material Management at HAL

Internship Report of Hindustan Aeronautics Limited

Important requirement of materials control system

Internship Report of Hindustan Aeronautics Limited

Material purchase procedure, receiving & inspection Purchasing of materials

Duties of purchase department

at what price to buy.

Internship Report of Hindustan Aeronautics Limited

Study of procedures in material accounts

Internship Report of Hindustan Aeronautics Limited

Inputs and reports coming to the material accounts section

Internship Report of Hindustan Aeronautics Limited

Accounting procedures in material accounts

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Accounting policies followed by HAL relating to material accounts

Internship Report of Hindustan Aeronautics Limited

Qualities of a purchase manager

Internship Report of Hindustan Aeronautics Limited

Storing & issuing of materials

Internship Report of Hindustan Aeronautics Limited

Research and design at HAL

Aircraft research and design centre

Internship Report of Hindustan Aeronautics Limited

Human Resource Management of HAL

Functions of Human resource management

1) Acquisition 2) Development 3) Motivation 4) Maintenance

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Internship Report of Hindustan Aeronautics Limited

Grades 8 Grades 9 Grades 10

18500 23900 20500 26500 23750 28500

Internship Report of Hindustan Aeronautics Limited

3) Employee benefit and facilities

 Medical facilities  Transport facilities  Uniform  Worker education scheme

Internship Report of Hindustan Aeronautics Limited

Medical facilities Transport facilities Uniform Worker education scheme

Material planning / control Purchase department Stores Outsourcing

Clearance of foreign consignments Receiving the material and preparing for RR