A PROJECT REPORT ON

CIRCUIT SYSTEMS (INDIA) LIMITED

SUBMITTED TO

B. K. MAJUMDAR INSTITUTE OF BUSINESS ADMINISTRATION H.L.B.B.A.

(AFFILIATED TO THE GUJARAT UNIVERSITY) TOWARDS THE PARTIAL FULFILLMRNT OF THE PAPER OF PRACTICAL STUDIES IN THE SECOND YEAR OF BACHELOR OF BUSINESS ADMINISRATION PROGRAMME.

2009-2010 Prepared By Name: Pankajkumar Pansuriya S.Y.B.B.A. II ROLL NO. - 208

CONTENT
INTRODUCTION ORGANIZATION PRODUCTION MARKETING FINANCE HRM SOCIAL RESPONSIBILITY AWARDS ANA ACHEIVEMENT S.W.O.T. ANALYSIS CONCLUSION BIBLIOGRAPHY SOURCES OF INFORMATION 5 10 17 30 41 46 56 58 60 62 63 64

INDEX
PARTICULAR INTRODUCTION Background of the Industry History of the company Introduction of the founding members Objective of the company ORGANISATION Organizational design Top management Hierarchy Organizational structure and chart Departmentalization and its basis PRODUCTION Introduction Plant location Manufacturing process Product portfolio Quality control MARKETING Introduction The marketing mix 4P of marketing Target customer Place distribution Competitors Exports FINANCE Introduction Source of finance Accounting policies
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PAGE NO. 5 6 7 8 9 10 11 12 13 14 16 17 18 19 21 28 29 30 31 32 33 35 36 37 40 41 42 43 44

HRM Introduction Scope of HRM Recruitment and Selection Training and Development Safety and Health Social Responsibility Awards and Achievement S.W.O.T. Analysis CONCLUSION BIBLIOGRAPHY SOURCES OF INFORMATION

46 47 48 49 53 55 56 58 60 62 63 64

Background of the Industry

A printed circuit board, or PCB, is used to mechanically support and electrically connect electronic components using conductive pathways, or traces, etched from copper sheets laminated onto a non-conductive substrate. It is also referred to as printed wiring board (PWB) or etched wiring board. A PCB populated with electronic components is a printed circuit assembly (PCA), also known as a printed circuit board assembly (PCBA).

The inventor of the printed circuit was the Austrian engineer Paul Eisler (1907 1995) who, while working in England, made one circa 1936 as part of a radio set. Around 1943 the USA began to use the technology on a large scale to make rugged radios for use in World War II. After the war, in 1948, the USA released the invention for commercial use. Before printed circuits point-to-point construction was used. For prototypes, or small production runs, wire wrap or turret board can be more efficient. Originally, every electronic component had wire leads, and the PCB had holes drilled for each wire of each component. The components' leads were then passed through the holes and soldered to the PCB trace. This method of assembly is called through-hole construction.

History of the company

The Company was originally incorporated on 08th February 1995 as Circuit Systems (India) Limited at Gujarat, Dadra & Nagar Haveli vide Registration Number: 04 24524. thereafter the company was converted in to a Private Limited Company and consequently the name was changed to Circuit Systems (India) Private Limited on 01st August 2001 and thereafter the company was reconverted in to public company and the name was changed to Circuit Systems (India) Limited vide fresh certificate of incorporation dated 07th October 2005 The Company is presently in the business of manufacturing PCB, the activity has been carried out since last more than one decade The manufacturing plant of the company is located at B 24, GIDC Electronic Estate, Sector 25, Gandhinagar, with the annual manufacturing capacity of 84000 sq. meters. Gandhinagar is well connected by air, rail as well as surface for smooth running of the business.

Introduction of founding member and Board of Directors

The company is currently managed by Board of Directors comprising of 6 Directors.

Mr. Magan H. Patel

Mr. Magan H. Patel is Chairman and promoter of the company has an experience of 25 years in the PCB business. He is Non Executive and non independent director.

Mr. Paresh N. Vasani

Mr. Paresh N. Vasani is Managing Director and promoter of the company carries experience of 15 years in various capacities. He is Executive and non independent director.

Mr. Sharad R. Shah

Mr. Sharad R. Shah is a whole time director of the company. He is looking after all technical and administrative matters of the company. He carries an experience of 20 years in PCB industry. He is Executive and non independent director.

Mr. Anand A. Patel

Mr. Anand A. Patel is director of the company. He is Non Executive and non independent director.

Mr. Ishwarbhai H. Patel

Mr. Ishwarbhai H. Patel is the director of the company. He is Non Executive and independent director.

Mr. Ambalal C. Patel

Mr. Ambalal C. Patel is the director of the company. He is Non Executive and independent director.

Objective of the company

The main objective of any business company is profit. It is truly said, Profit is blood of business. But it has been found that a truly successful business cant afford to keep profit as its sole objectives. The company was promoted with the objective of carrying the business of manufacturers, importers, exporters, wholesalers, retailers, buyers, sellers, dealers, assemblers, repairs, converters, assemble, fit, alter, maintain, improve. Objective of CSIL is to provide best quality product to its customer and also creating value to the stack holder.

MOTTO OF THE COMPANY

CSIL Act global with local touch CSIL gives Service with smile to their customer Continue to be at fore front of technologies Keep customers with lead Provide best quality to the customer

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ORGANISATIONAL DESIGN

Meaning of organization
The term of organization is given a variety of interpretations. The organization is a system of co-operative activities of two or more person. Organization is the process of dividing up of the activities which are necessary to any purpose and arranging them in group which are assigned of individuals.

Types of Organization Line Organization Function Organization Committee Organization Line and Staff Organization Matrix Organization CSIL Ltd. adopt line organization as an organization system.

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TOP MANAGEMENT
Generally distinguished as under: Top management Middle management Lower management three levels of management are

Top management
It is also known as the Board of Directors in a corporate Organization is the body responsible for policy-making appeal and review of operations. The chef executives responsible for the issue of instructions on the basis of policy formally laid down by board of directors really constitute the top management. It includes five main officers, Top management Manager, Managing director, C.E.O, General Manager, Chairman of the company, Board of Directors etc. About the company Mr. Paresh N. Vasani is the managing director of the company. Mr. Magan H. Patel is the chairman of the company. Mr. Sharad R. Shah, Mr. Anand A. Patel, Mr. Ishwarbhai H. Patel and Mr. Ambalal C. Patel are also directors of the company

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HIERARCHY
Generally the hierarchy of company has three main levels that are, Top Middle Bottom

Company follows the hierarchical chain of command. In the top management Mr. Paresh N. Vasani is the managing director of the company and Mr. Magan H. Patel founder chairman of the company. In the middle management the company has other departments like marketing department, R&D department and Production department etc. In the bottom Management Company has workers and labors.

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ORGANISATIONAL STRUCTURE
An organization is the structural framework for carrying out the functions of planning, decision making, control, communication, motivation, etc. The formal structure of an organization is two dimensional horizontal and vertical. Authority flows down word along these levels. Higher the level, greater the authority and vice-versa.

ORGANISATION CHART
The usual way of depicting a formal organization is by means of an organization chart. It is a snapshot of an origination at a particular point in time, which shows, of authority, responsibility and communication among various departments, which are located at level of the hierarchy. The connecting lines on this chart show who is accountable to whom and who is in charge of what department.

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ORGANIZATIONAL CHART

MENEGING DIRECTOR

CHAIRMAN

DIRECTOR

PRODUCTION HEAD

MARKETING HEAD

FINANCE HEAD

HR HEAD

SUPERVISORS

SALES EXECUTIVES

MARKET REASERCH MANAGER

SUPERVISORS

LOWER LINE LABOURS

SALES MAN

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DEPARTMENTALISATION AND ITS BASIS

The horizontal differentiation of tasks or activities into segment is called departmentalization. As noted earlier, departmentalization is one important step of building an organization. The aim is to take advantage of the labors and specialization up to a certain limit. There are several bases for departmentalization each of which is suitable for particular corporate sizes, strategies and purpose.

Basis of departmentalization
By products or services By location By time By customers By function

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PRODUCTION
Meaning of production
Production is the conversion of raw-materials into finished Products and also spoken of as manufacture of goods.

Production the function of management

In a big unit, generally the Production of goods is done so it requires management, called Production management. As other manager like finance manager, marketing manager and production manager etc.

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PLANT LOCATION
Meaning
Plant location refers to setting up of a proper production unit, which minimizes the cost of production, increase efficiency and maximizes the profit of the unit. Plant location is indicates area of the company. Plant location also refers to address of the company.

LOCATION OF THE COMPANY

B - 24, GIDC, Electronics Estate, Sector 25, Gandhinagar 382 044, Gujarat, India.

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Ideal Location
Ideal Location is that from where firm can easily get raw material, power supply and other instrument. In addition to that customer can easily get the product. Location of the CSIL is in the GIDC area it is benefited to the company because company can get easily power supply and raw material. Disadvantage of this location is that it is far away from the customer. But as per my opinion it is appropriate location.

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MANUFACTURING PROCESS EXISTING PLANT PCB MANUFACTURE OF SINGLE SIDE AND DOUBLE SIDED PCB The simple technology for PCBs is single sided PCBs (which is still very popular in entertainment electronics and telephones) where circuit is also on one side and component assembly and soldering on same side. As the design becomes more complex, the double sided PCBs are produced. Here there is one component side where components with leads are mounted and solder side where components are soldered. This is true for leaded components but with evolution of SMD designs, some components are soldered on both sides. This entirely depends on design. The basic raw materials used for PCB manufacturing is called copper clad laminates where copper foils are bonded with books of glass epoxy material on both the sides. It is available in various thicknesses. Single side PCB

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Double side PCB

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STEPS IN MANUFACTURING 1. SHEARING 2. CNC DRILLING 3. PLATED THROUGH HOLES 4. LAMINATION 5. EXPOSE/TRANSFER CIRCUIT IMAGE 6. DEVELOPING 7. ELECTROPLATE COPPER 8. ELECTRO PLATE TIN 9. FILM STRIPPING 10. TIN STRIPPING 11. SOLDER MASK 12. HOT AIR LEVELING 13. LEGEND PRINT: 14. PROFILE 15. ELECTRICAL TEST 16. QUALITY CHECK

Explanation of the steps

1. SHEARING: Here the laminates are sheared to standard panels. 2. CNC DRILLING: In this process, the panels are stacked in three with top plate and bottom plate and formed like a book. These books are fixed in CNC drilling machines are holes are drilled as per the Gerber data provided by the user. 3. PLATED THROUGH HOLES: The drilled holes would have lost its continuity between top layer and bottom layer. Hence they need to be interconnected. It is not possible to electroplate copper on epoxy material and hence a process called electro less copper plating is used where with only chemical action initial 5 microns copper is built.

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4. LAMINATION: A photo resist dry film is vacuum laminated using a Laminator after thorouly brushing the surface of panel.

5. EXPOSE/TRANSFER CIRCUIT IMAGE: Using a positive photo tool (which is already prepared in CAD section with respect to customer data) circuit is transferred to panel using ultra violet exposure equipment. 6. DEVELOPING: This chemical process removes the unexposed photo resist in all areas where it is to be taken for electroplating. All other areas are covered with exposed resist. 7. ELECTROPLATE COPPER: This is a electroplating process where 25 to 30 microns of copper is built on surface of panels and as well has holes. 8. ELECTRO PLATE TIN: In this process (which is done in the same line of copper plating) the circuits are covered with tin which acts as etch resist during subsequent etching process. 9. FILM STRIPPING: The photo resist is stripped by a conveyors machine chemically leaving exposed the copper to be etched. 10. TIN STRIPPING: In this process, the tin plating is removed from the top of circuitry by a stripping machine chemically. 11. SOLDER MASK: Solder mask operation is done to give insulation properties and also to avoid bridging during soldering is carried out using a screen printing machine. The boards are thoroughly cured in curing oven so that proper adhesion is achieved. In this operation generally only pad and land areas are not covered and the rest of Panels are masked.

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12. HOT AIR LEVELING: During this process the exposed pad and land areas are covered with solder coating using a hot air leveling m/c. In this machine panels are dipped in the molten solder bath vertically and while retracting hot air is impinged by two fronts to back nozzles to make surface even and to clear excess solder in holes.

13. LEGEND PRINT: This is an operation done in screen printing to print the legend as per the given data and subsequently cured. 14. PROFILE: This is an operation done in CNC routing machine. Here the required size and profile is generated using a programme previously generated in CAD.

15. ELECTRICAL TEST: ET is an electrical test done for every single PCBs to test and certify that PCB manufactured is ok as per Gerber data and the documents given by customer. It checks for continuity, shorts and insulation properties of produced PCBs. Bed of nails method is used for through hole and simple SMD PCBs and for complex PCBs flying probe test machines are used.

16. QUALITY CHECK: In this, all PCBs are checked with respect to drags and IPC specs and packed and dispatched.

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MANUFACTURING PROCESS - MULTILAYER PCBS With emergence of more functions in a system, miniaturization of systems and equipments, more complex inter connectivitys it was not possible to accommodate such designs in double sided PCBs. Hence the concept of multi layer PCBs emerged. Here additional circuit layers are embedded between outer layers and Interconnections are built through visa.

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Generally there are 5 additional steps as listed below in addition to that of Double Sided PCBs in manufacturing Multi Layer Boards. They are carried out preceding CNC drilling, except de smear process which is done after CNC drilling. 1. Inner layer preparation 2. Inner layer etching. 3. Black oxide coating. 4. Registration and layers bonding. 5. De smears after CNC drilling.

Inner layer preparation:

The thin core laminate is laminated with photo resist, circuit exposed and developed using a negative photo tool and unexposed areas are removed by developing.

Inner layer etching:

The inner layer circuit thus prepared is directly etched in a mechanized machine and the circuitry is formed.

Black oxide coat:

This is a plating operation done on the etched panels. This is done to facilitate proper bonding of layers during pressing.

Registration and layers bonding:

The inner layer(s) such prepared are stacked and properly registered with a registration system and taken to hot and cold press and bonding of layers are carried out. This is an operation where the layers are bonded under hydraulic pressure with heat. After stipulated time it is allowed to cool under external water cool. A perfect bond/book is the key to good MLB.

De smear:
This is an operation carried out in electro less copper plating line to remove any epoxy smears formed during very high speed drilling preceding electro less operation. During very small hole drilling the speed of CNC drilling spindle may reach 60 to 80,000 RPM which generates enormous heat. The heat thus generated will sometimes go beyond the melting temperature of epoxy and an epoxy smear is formed inside the holes which will prevent plating of holes. This chemical process will clear such smeared epoxies

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Product Portfolio
Conversion of raw-materials into finished products and also spoken of as manufacture of goods. It is known as product. In the market and economic there is too much competition called cut throat competition so one type of products. It makes company popular and stronger. The Company is presently in the business of manufacturing PCB, the activity has been carried out since last more than one decade. The manufacturing plant of the company is located at Gandhinagar, with the annual manufacturing capacity of 84000 sq. meters.

PRODUCTS OF THE COMPANY

The company is in the business of 3 types of PCB i.e. single sided, double sided and multilayer. End Use of products The companys product is an Industrial product the same is being used as a key component for all type of electronic items. A major industry where product of the Company is being used is as under: Telecommunications Process Control Equipments Computers Defence Applications Automobiles Space Applications All type of electronic items

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QUALITY CONTROL
In the production department quality control is the most important factor that effecting production department. Quality may be defined as; The sum of a number of related characteristic like shape, dimensions, composition, strength, workmanship, finishing, color etc. It is said that Quality is more important than quantity.If quantity is less but quality is more we can get more profit. In production department quality is most important factor than any other factor. Quality assurance is an integral and central component of all activities at CSIL, The product quality they achieve is a guarantee for low overall costs to their clients. Their commitment to quality extends throughout the organization and their ongoing "Quality improvement plan" regularly reviews their quality control in all areas. They build the highest quality boards that are in compliance with the international standards and specific to customer requirements. They optimize their performance through a continual improvement approach and effective processes.

About the company

The company has obtain ISO 9000 certification for quality of production. The company has also obtained TS 16949:2002 certification from DNV Netherlands.

Company ensure that we stay on the leading edge of quality by:1.Identifying and imparting training 2.Adapting several verifying test procedures at production. 3.Visual check and measurements at final inspection. to various employees. stages of

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Introduction
Marketing deals with identifying human and social needs. One of the shortest definitions of marketing is meeting needs profitably. Marketing is a social process by which individuals and groups obtain what they need and want through creating, offering and free exchanging products and services of value with other. We see marketing management as art and science of choosing target market and getting, keeping and growing customer through creating delivering and communicating superior customer value.

What is marketing?
According to American marketing Association Marketing is an organizational function and a sets of processes for creating communicating and delivering values to the customer and for managing customer relationships in ways that benefits the organization and its stack holders. Marketing tends to be seen as a creative industry, which includes advertising, distribution and selling. It is also concerned with anticipating the customers' future needs and wants, often through market research. Essentially, marketing is the process of creating or reorganizing an organization to be successful in selling a product or service that people not only desire, but are willing to buy. For a marketing plan to be successful, the mix of the four "Ps" must reflect the wants and desires of the consumers in the target market. Trying to convince a market segment to buy something they don't want is extremely expensive and seldom successful.

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The Marketing Mix

The set of controllable, tactical marketing tools product, price, place and promotion that the firm blends to produce response, it wants in the target market. The major marketing management decisions can be classified in one of the following four categories:

Product Price Place (distribution) Promotion

These variables are known as the marketing mix or the 4 P's of marketing. They are the variables that marketing managers can control in order to best satisfy customers in the target market.

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4 P`s of Marketing
The marketers task is to devise marketing activities and assemble fully integrated marketing programs to create, communicate and deliver value for consumers. The marketing program consists of numerous decisions on valueenhancing marketing activities to use. Marketing activities come in all forms. On traditional depiction of marketing activities is in terms of marketing mix, which has been define as the set of marketing tools the firm used to pursue its marketing objectives. McCarthy classified these tools into four broad groups, which he called the four Ps of marketing: product, price place and promotion.

Product
It includes product variety, quality, design, features, brand name, packaging, sizes, services, warranties, returns

Products of the company

The company is in the business of 3 types of PCB i.e. single sided, double sided and multilayer.

PROMOTION
Method of communicating with customer are varying from company to company. Sometimes company makes the promotion of its products by personal selling, social contracts, advertising through brand ambassador; publicity etc. Promotion includes sales promotion, advertising, sales force, public relations, direct marketing.

CSIL is into manufacturing industrial grade printed circuit boards, Its customers are traditionally OEMs and Direct Users like Telecom companies, Defense, Medical Electronics, Instrumentation, power supply etc. To cater these segments, company uses various practices like Trade Shows, direct sales, referral, etc.

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PRICE
Price is the most important factor that affecting on the demand or product in market. Company determines policy regarding prices, discount, concession etc. It includes list price, discounts, allowance, payment period, credit time, to increase sale, one should always puts some scheme in price of product. Company should give some discounts on certain product for certain period. In a very competitive market like Printed Circuit Boards, prices are generally governed by Markets and do not provide too much flexibility. Reliability is the only thing that determines a price. Company offers various prices slabs and credit terms depending on many factors like volume, customer, and technology.

PLACE
Policy regarding outlets for sales, channels of distribution location and layout of stores etc. place includes channels, coverage, assortment, locations, inventory, and transport. Marketing includes many activities. From production of goods till purchased by the customers. In order to supply the goods to the customer, the management depends on distribution system. If distribution system is not proper, the goods will not reach to the customer in time. This will create the dissatisfaction in the customer. So it is very important in marketing.

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TARGET CUSTOMERS
Creation of customers by new policies is the first target of any company. Customers are the heart of unit because if the company produces products but no one buys its products, it will result into loss. Customers are called king in the competitive world. To make the customers the target of the products, company uses the advertisement means by which it can attracts the customers.

TOP TEN CUSTOMERS FOR THE PERIOD ENDED 31ST MARCH, 2006

Sr. No 1 2 3 4 5 6 7 8 9 10

Customers Name TVS ELECTRONICS LTD. BHARAT ELECTRONICS LTD. ESSAE ELECTRONICS PRIVATE LTD INDIA NIPPON ELECTRICALS LTD. HPL SOCOMEC PVT. LTD. SECURE METERS LTD. MTL INSTRUMENTS PVT. LTD. CONSOLIDATED DYNAMICS PVT. LTD. ITI LIMITED (RB) - ESL-I INDUCTOTHERM (INDIA) PRIVATE LTD.

Company has regular customer and they are trying to increase customer base as much as possible. Majority of business of the company comes from our regular customers.

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PLACE DISTRIBUTION
The distribution of goods in the last, but the most crucial, phase of process of marketing. A producer or a manufacture has to take positive steps to bring his product to the notice of potential customers in order to arouse for them and create demand for them. Each way is a kind of link road between the producer and final customer. The term channels of distribution refer to the various alternative link roads, which connect the producer with the customer.

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COMPITITORS
Circuit Systems has created a niche in the area of technology along with timeliness of delivery of the product. The company has focused on high technology boards like PCBs with 4 mil standards, lead free finishes, MCL with complex designs etc. This gives the company an edge over competitors.

Main competitors are AT&S, Shogini Techno, CIPSA etc.

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CIPSARIC
CIPSA-RIC is a well established business empire today. Technological excellence, Delivery capability, Product perfection and revolutionary pricing are essential strengths of CIPSA-RIC. A clear concept, strategic drive and uncompromising attitude to quality have been the watch words of management to usher CIPSA-RIC into the new era of liberalized economy. CIPSA-RIC India Pvt. Ltd was a result of merger between likeminded entrepreneurs from India and Spain. Both the Indian and Spanish entrepreneurs are in the professional grade Printed Circuit Board manufacturing since 2 decades. CIPSA-RIC India Pvt. Ltd was a result of merger between likeminded entrepreneurs from India and Spain. Both the Indian and Spanish entrepreneurs are in the professional grade Printed Circuit Board manufacturing since 2 decades. CIPSA-RIC is one of the leading PCB manufacturers in India; manufacturing Single, Double and Multi Layer PCBs and catering to Automotive, Energy, Industrial Automation, EMS providers, Telecommunication and Peripheral sectors. Companys product also reaches to OEMs in India and Europe. Companys export content is over 70%. Quality system of the company confirms to ISO 9001:2000 and they are in midway for TS16949 qualification. Companys current annual capacity of 85,000 square meters is getting expanded to 150,000 square meters by next year.

VISION OF CIPSARIC

CIPSARIC, One Stop work for your requirement of Quality Printed Circuit Boards. We believe in Quality. Quality is not a dream but more than a reality with us. QUALITY POLICY OF THE COMPANY CIPSA-RIC is committed to deliver Quality PCBs, on time (every time) at the Competitive price to the Customer and be a reliable partner in their growth. Our motto is Customer Delight. This is achieved with the support of Trained and Motivated Workforce, Qualified Vendors and Partners. We follow highest standards to preserve Environment and for the well being of our people.

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AT&S
AT&S Austria Technologies & Systemtechnik Aktiengesellschaft is European market leader and one of the worlds strongest-performing printed circuit board manufacturers. AT&S is extremely well positioned in the market for high-tech HDI Micro via printed circuit boards, which are chiefly used in mobile devices. The Company is also highly successful in the automotive, industrial, and medical sectors. As a high-growth international enterprise, AT&S has a global presence with six production facilities three in Austria and one each in India, China, and Korea.

AT&S India achieved Elcina awards 2008/09 for outstanding performances within Environment Management Systems and Exports for AT&S it is a great honors to be awarded as one of the leading companies within environment management and export. It is an exceptional recognition of the comprehensive efforts AT&S India has put into environmental protection and of the outstanding performance within electronics manufacturing not only in India but also by exporting its products worldwide. AT&S, European market leader and one of the worlds strongest-performing printed circuit board manufacturers, received the award Achiever of the Year 2009 during the first supplier day of TQ-Group held in Seefeld near Munich on 30 June 2009 and is, consequently, one of the Suppliers of the Year 2009.

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EXPORTS
Every country produces those goods in the production which it is favorably placed on account of its people, etc. by concentrating on those goods in which it has special advantages, country produce more than it require for its own needs, exchange the surplus with other countries against goods which it is less suited to produce or which it cant produce at all. Most of the consumer electronics produced in India is consumed by the domestic market, with exports forming only 5 per cent of the production. However, exports of electronic goods from India have been growing consistently and constituted about 2.64 per cent of Indias overall exports in 2003-04. For the year ending March 2005, the export of electronic goods from India increased by 16 per cent to US$1,950 million as compared to US$1,675 million in the year ending March 2004. This increasing trend is continued in the year 2005 also and is expected to continue in near future. Other key segments that contributed to exports include industrial electronics, computers and consumer electronics etc. The main destinations for Indias exports are the European Union, Asian countries and the United States.

EXPORT OBLIGATION
At present the Company has no export obligation COUNTRY WISE EXPORT (FOR TOP TEN CUSTOMERS) AS ON 31ST MARCH, 2006 Sr. No. Country % of Total sales 1 Belgium 8.56 2 USA 5.62 3 Italy 3.38 4 Hungery 0.64 5 Newzeland 0.50 Total 18.70

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FINANCE
Meaning of finance
In a modern, money using company, finance may be defined as the provision of money at the time it is wanted. It is undoubtedly the life blood of business. The ambitious plans of a businessman would remain mere dreams unless adequate money is available to convert them into reality. Financial Function of Management Since finance is the life-blood of any business, its management merits special attention. The first aspect to be the estimation of how much a business organization requires and for what purposes.

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SOURCES OF FINANCE
There are basically two types of finance from which finance can be raised.

Internal Sources Internal source mainly include personal saving, retained profits, working capital and sale of assets. External Sources External source mainly include share capital and debenture, public deposits and commercial banks, loan, financial institute and foreign capital etc. Company has obtained finance through issue of share, secured loans and un secured loans.

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SIGNIFICANT ACCOUNTING POLICIES: CONVENTION: The financial statements are prepared under the historical cost convention in accordance with applicable accounting standard and requirement of the Companies Act, 1956. BASIS OF ACCOUNTING: The company follows the mercantile system of Accounting. FIXED ASSETS: (As per Accounting Standard (AS) 6 Fixed Assets are stated at cost of acquisition and subsequent improvements including taxes, freight and other incidental expenses related to acquisition, installation and foundation less accumulated depreciation. Leasehold land will be written off, in the year in which the respective lease period expires. DEPRECIATION From Accounting year 2002-03 Depreciation on fixed assets has been provided on SLM method from the Accounting year 2002-03 as per rates specified in AMENDED SCHEDULE-XIV of the Companies Act, 1956 vide Notification No. GSR: 758(2) dated 16-12-1992 on pro-rata basis. INVENTORIES: The inventories are valued as under: i) Stores, Spare parts & Packing material at cost; ii) Work-in-progress at cost; iii) Raw materials at lower of cost or net realizable value.

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IMPORT & EXCISE MODVAT: The purchase cost of raw material & other expenses have been considered net of Modvat remaining unabsorbed at the year ending; ii) Costs of fixed assets are net of modvat, as the said modvat is to be set off against excise duties payable in sales. iii) Value of import includes duties, freight, clearing charges, expenses incidental to acquisition.

SALES & EXPORTS: Sales are net of sales rejections for the year under review but inclusive of excise duty & sales tax. Rejection quantity of the period under review is not incorporated in Quantitative detail of Production. Sales rejection of the earlier period is charged to profit & loss account as sales rejection & shown separately. WAGES & SALARIES: Includes PF contribution from employer, salaries to trainees & apprentices. TAXATION: Provision for current tax is made on the basis of estimated taxable income for the period in accordance with the provisions of the income Tax Act, 1961.

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Introduction of HRM
Meaning:
Management is the planning , organizing , directing and controlling of the procurement , development , compensation , integration , maintenance and separation of human resources to the end that individual , organizational , and social objectives are accomplished. HRM is a series of integrated decisions that from the employment relationship; their quality contributes to the ability of the organizations and the employees to achieve their objective

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Scope of HRM:
The scope of HRM is indeed vast. All major activities in the working life of a worker- from the time of his or her entry into an organization until he or she leaves- come under the purview of HRM. Specifically, the activities included are HR planning, job analysis and design, recruitment and selection, orientation and placement, training and development, performance appraisal and job evaluation, employee and executive remuneration, motivation and communication, welfare, safety and health, industrial relations and like. These scopes help the HR to fulfill the societal, organizational, functional and personal objectives of the company. The main scope of the HR activities at CSIL is as follows: Recruitment and selection HR operations Training & Development Employee motivation tools Rewards & Recognition Employee engagement activities

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RECRUITNMENT AND SELECTION

RECRUITMENT Recruitment involves attracting and obtaining as many applications as many applications as possible from eligible job-seekers.

Definition: - It is the process of finding and attracting capable applicants for

employment. The process begins when new recruits are sought and ends when their application are submitted. The result is a pool of applications from which new employee are selected.

Factors Affecting Recruitment:

Recruitment is naturally subject to influence of several factors. These include internal as well as external forces. In external forces supply and demand, unemployment rate, labour market, sons of soil etc are considering. In internal forces HRP, recruitment policy, cost, growth and expansion are considering.

Sources of recruitment: Internal Sources:

Present permanent employees Retrenched or Retired employees Present Temporary Employees Department of decreased disable employees

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External Sources:
Campus recruitment Private employment agencies Public employment exchanges Professional associations Data banks Casual applicants Similar organizations Trade unions

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SELECTION
Selection is the process of picking individuals, out of the pool of job application, with requisite qualifications and competence to fill jobs in the organization.

Definition It is the process of differentiating between applicants in order

identify those with a greater likelihood of success in job.

to

Selection Process:
1. External Environment 2. Internal Environment 3. Preliminary Interview 4. Selection Test 5. Employment interview 6. Reference and background analysis 7. Selection decision 8. Physical examination 9. Job offers 10. Employment contract 11. Evaluation The selection process has a number of specific steps taken to decide which recruited should be hired. The process involves grouping the applicants in to unsuitable, appearing to be suitable candidates it needed preference, electing their opinions getting them medically examined, and making final hiring decisions. The purpose is to put square paces in square Holts.

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MAN POWE EXISTING The present strength of the Company is 94 employees as on 30th September 2006, details of the same are as Follows:

Particulars Administrative Staff Skilled Personnel Unskilled Personnel Total

Numbers 29 48 17 94

Proposed Manpower Requirement: Particulars Administrative Staff Skilled Personnel Unskilled Personnel Total Numbers 30 75 30 135

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TRAINING AND DEVELOPMENT TRAINING

Training is the process of teaching the new and/or present employees the basic skills they need to effectively perform their jobs. Training is the act of increasing the knowledge and skill of an employee for doing his/her job.

Definition:

- Training is any process by which the attitudes, skills and abilities of employees to perform specific jobs are improved.

Types of Training
1. On the job training 2. Off the job training

Company gives training to all new employees.

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DEVLOPMENT
The term development has broader scope and aim to develop people in all respects. Accordingly, development covers not only activities/skills which improve job performance, but also those activities which bring about growth of the personality, help individuals progress toward maturity and actualization of their potential. In ultimate sense, development refers to behavioral modification of people through continuous learning practices.

Definition: - Executive/management development includes the process by

which managers and executives acquire not only skills and competency in their present jobs but also capabilities for future managerial tasks of increasing difficulty and scope. Training and Development = Standard performance Actual Performance

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SAFETY AND HEALTH OF EMPLOYEE

SAFETY
Every twenty seconds of every working minute of every hour through the world someone dies as a result of an industrial accident. This was how the director general of the British Council described the seriousness of industrial accidents in this massage good wisher to the seven national conferences on Industrial Safety and Health organized by the Nation Safety Council, India. Safety, in simple terms, means freedom from the occurrence or risk of injury or loss. Industrial safety or employee safety refers to the protection of workers from the danger of accidents. Definition: - Safety refers to the absence of accidents. Stated differently, safety refers to the protection of workers from the danger of accidents.

HEALTH
The well-being of the employee in an industrial establishment is affected by accidents and by ill health-physical as well as mental.

Company organizes medical checkup every year for all the employees worked in the organization.

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SOCIAL RESPONSIBILITY
Adolph Berle has defined social responsibility as the Managers responsiveness to public consensus. This means that there can not be the same set of social responsibilities applicable to all countries in all times. This would be determined in each case by the customs, religions, tradition, level of industrialization and a host of other norms and standards about which there is a public consensus at any given time in a given society.

Corporative social responsibility, if addressed compressively, can deliver the greatest benefits to a company and its stakeholders when integrated with business strategy and operation, which can assure your continued business development and success.

About the company

Social responsibility of the company is produces world class product and satisfies to consumer. Company select green color for PCB which is eco-friendly. Company also employed women as employer in the company. Company provides accommodation facilities to the worker.

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Awards and achievement

In 1998 Company obtain ISO 9000 certification for better quality of product.

In 2005 Company obtain TS 16949:2002 certification obtained from DNV Netherlands.

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S.W.O.T. ANALYSIS
A scan of the internal and external environment is an important part of the strategic planning process. Environmental factor internal to the firm usually can be classified and strength (S) or weaknesses (W), and those external to the firm can be classified as opportunity (O) or threats (T). Such an analysis of the strategic environment is referred to as a SWOT analysis.

STRENGTHS OF THE COMPANY

The Company produce world class product. The Company has international market. The Company has good distribution networks in India and all over the world.

WEAKNESS OF THE COMPANY

They have four branches in different city which are only sales office and only one production unit in Gandhinagar so, when there is a very huge order then they will not be able to produce that much of goods. They have not proper way of advertisement. There product is very expensive.

OPPORTUNITY OF THE COMPANY

Company can develop new products and also adopt new technologies.

THREATS OF THE COMPANY

Any Company has big threats from their competitors.

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Conclusion
From this Report of CIRCUIT SYSTEM INDIA LIMITED I have concluded that is perfect in its Printed Circuit Boards. The company has great advantage of location. The company is engaged in manufacturing of professional grade Printed Circuit Boards (PCB) for export as well as domestic market. The technology used by the company to manufacture its product is highly complex. The company is rapidly developing in field of Printed Circuit Boards. The company has research and development department so it has more benefits.

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BIBLIOGRAPHY
Marketing Management By PHILIP KOTLER (12TH Edition) A South Asian Perspective Human Resources and Personnel Management By K. ASWATHAPPA (4TH Edition) Financial Management By M. Y. KHAN and P. K. JAIN (3RD Edition)

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Sources of information
www.google.com www.mycsil.com http://en.wikipedia.org/wiki/Printed_circuit_board http://www.ats.net/de/index.php http://www.cipsaric.com/

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