3.1 PURCHASE DEPARTMENT Natural rubber and the different types of synthetic rubbers are used in many different end-products. The most important is the tyre sector taking about half the total elastomer consumption. The other category, general rubber goods, includes hoses, belting, footwear, surgical goods, and rubberized cloth. The 1990s witnessed several important changes in the global natural rubber economy. World consumption of natural rubber rose by about 32 percent, while that of synthetic rubber increased by only 4 percent and total elastomers by 14 percent. The major reason for this is the collapse of the Soviet Union, which consumed a massive amount of rubber, with less than 10 percent natural rubber. Also, there was a significant change in the relative share in the utilization of natural rubber between the developed and developing regions. Consumption of natural rubber in the developing countries rose by over 4 percent per annum against less than 2 percent in the developed countries. Consequently, the share of the developing countries in global consumption of natural rubber rose from 42 percent to 48 percent between the periods 1988-1990 and 1998- 2000. On the other hand, requirements in the tyre industry led to a decline in the share of natural rubber in total rubber consumption in most Asian developing countries. Most natural rubber production is traded internationally. However, the share of exports in production declined from 86 percent in the late 1970s to 80 percent in the late 1980s and to around 70 percent in the late 1990s. This decline was partly the result of increased domestic utilization by the exporting countries themselves, as well as rapid growth in production in some net importing countries such as China and India. World exports increased by over 1.6 percent per annum between 1988/90 and 1998/2000. The decade also saw the demise of the International Natural Rubber Organization, another failed attempt to influence markets through managing stocks. The sharp decline in world market prices and fluctuations in exchange rates made the price support programme too expensive to continue. Demand Demand for natural rubber is part of the total elastomer demand for tyres and other rubber products. More than 60 percent of natural rubber is used for tyres, which is the major driving force behind changes in natural rubber demand. The share of natural rubber in the tyre sector was about 50 percent in 2000 and is likely remain around this level in the next decade. Technological requirements are the overwhelming determinant of the share of natural rubber in tyre production and no significant new developments are foreseen that would allow synthetic rubber to replace natural rubber in tyres. However, in the general rubber goods (non-tyre) sector, the share of natural rubber is projected to decline from about 29 percent in 2000 to about 22 percent in 2010. This decline reflects partly a continuation of a shift to speciality rubbers and other materials, coupled with a projected shortage of natural rubber. Natural rubber can more easily be replaced in many non- tyre applications than in tyres. Overall, natural rubber will constitute about 36 percent of total elastomer consumption by 2010 declining from 40 percent in 2000. World demand for natural rubber in the year 2010 is projected at 7.9 million tonnes, a 1.3 percent annual increase in the current decade, considerably lower than in the 1990s. Demand is projected to grow fastest in the developing countries, at about 2.5 percent annually. Above average economic growth in developing countries as well as the increase in demand for domestic processing of rubber products would contribute to the higher growth in natural rubber demand. . Demand in countries in Latin America would remain at around the current level, largely due to slow economic growth and hence slow growth in demand for vehicles. Demand in developed countries is expected to remain at the current level, the result of sharply increased demand in Eastern European countries and the former Soviet Union offsetting the reduced demand in the United States and the EU. It is projected that demand in the United States will reach 1.09 million tonnes by 2010, slightly lower than the average of 1.16 million tonnes during 1998-2000. Following a period of stagnation since the early 1990s, demand would pick up in Eastern Europe and the former Soviet Union as their economies grow. Japan would see its demand decline slightly, at an annual rate of about 1 percent. As a result, total consumption in developed countries is projected to be about 3.5 million tonnes, about the same as the average consumption level during 1998-2000. 3.2 PRODUCTS WIDE RANGE OF BOLTS & NUTS We are engaged in offering wide variety of nuts and bolts. Nuts and Bolts are vital in many Industries which are used for connection. Using nuts and bolts machines and equipments can be fixed up effectively. We have earned many clients as U Bolts supplier and products are made to match the international standards which have made us hub bolt exporter.
WIDE RANGE OF BRAKE & CLUTCH PARTS We are leading brake parts supplier and we have housed variety of brake and clutch parts. Our entire line of products are made using premium quality products having wide range of usage in automobile industry. We are reputed clutch parts supplier.
WIDE RANGE OF ENGINE PARTS Engine parts are responsible for the movement of the vehicles and make them move. We are well known provider of auto engine parts exporter. Our variety of automobile engine parts are exported to wide range of clients. These auto engine parts can be availed at market leading prices.
WIDE RANGE OF STEERING & SUSPENSION PARTS Steering are collection of components, linkages etc allowing a vessel to follow the desired course and important part using in driving a vehicle. Similarly, suspension parts are like springs, shock absorbers and linkages are used to combine with vehicles. We are leading suspension parts supplier offering them at market leading prices.
WIDE RANGE OF MOUNTING & RUBBER PARTS We are involved in offering mounting and rubber parts which are made using top most quality raw materials providing great strength to the vehicles. Our entire line of mounting and rubber parts are made to serve the needs of automobile industry. As auto rubber parts supplier we have healthy line of reputed clients.
WIDE RANGE OF AUTO ELECTICAL PARTS We have housed variety of auto electrical parts that are made to serve the automobile industry. Our auto electrical parts are made employing premium quality raw materials and also experienced technicians are involved in the making of the parts. Our auto electrical parts are of international standards and we are well known auto electrical parts exporter.
WIDE RANGE OF GEARS Gears are used to alter the speed and direction of the of the source. They are part of the rotating machines having teeth and cogs which work in coordination with other parts. We are fully equipped with all types of gears which are used in many industries. Providing these gears at affordable rates, we are well known supplier of auto gear exporter.
WIDE RANGE OF LEAF SPRINGS Leaf springs is simple type of spring and its common usage can be noticed in suspension in wheeled vehicles. The leaf spring enjoy benefit over other type of spring. The end of this spring have definite path. It is made progressively with several types of stacked leaves. Our name as, leaf springs exporter have won us many international clients.
WIDE RANGE OF FUEL AND WATER PUMPS We are engaged in offering wide range of fuel and water pumps which are significant components of vehicles. We employ best quality raw materials while our products. There are different type of fuel and water pumps which can be availed from us. We are well known supplier and exporter of fuel and water pumps.
WIDE RANGE OF TRACTOR PARTS We are engaged in offering all types of tractors parts. Tractors are designed to deliver high attractive efforts, so their parts should possess great strength. Our products are made keeping in mind the demands and needs of the work performed by automobiles. We are reputed supplier of tractor parts. WIDE RANGE OF ACCESSORIES We are involved in providing wide range of accessories which are used in automobiles. We make use of best quality products which make our products outstanding and durable. Our offering possess excellent quality which distinguish us from rest of the products.
3.3 FINANCE DEPARTMENT
GENERAL MANAGER (FINANCE)
ASSISTANT MANAGER (FINANCE)
SENIOR MANAGER (FINANCE)
ACCOUNTANT
FINANCE DEPARTMENT The main work of this section is to record the financial transactions, receipts and payment through bank transaction. Every day business transactions are recorded and kept for resources employment voucher is prepared in this section. First the journal is prepared in this section. First journals prepared when the transactions takes place then posted to the various book kept in their department.
Finance is considered as Blood of every business. For any business to be carried out finance is necessary. Finance and accounts departments deal with recording, classifying, summarizing and interpreting financial information about the business activities of the concern. It keeps the record of assets and liabilities in such a way the financial position of business can be at any time.
CASH BOOK The cash book contains the data like particulars of receipt and payments. Every month the cash book is compared and checked with the passbook. The following book and records are maintained in the department. Purchase journal Sales journal Debtors ledger Creditors ledger General ledger
BOOKS & RECORDS In olden days the company followed the above system. But at present the company follows computerized accounting system.
All activities are recorded in computer. The concern maintains various kinds of accounting books in the company. These are as follows Day book Subsidiary records. Voucher
DAY BOOK Day-by day transactions are recorded in this Day Book. This Day Book is used for future verification. Purchase Record Production Store ledger Sales Cashbook Wage records Attendance register Consignment authorization
PURCHASE RECORDING In this record the following particulars are recorded From whom the raw material has been purchased. Quality and quantity of the variety, raw material. Date of purchase.
PRODUCTION In this production book the details about day-to-day production activity such as customers name, quality grade etc core recorded. Sales In sales book the details entered are date of sales quantity of sales, rate of sales and also entering the name of the receiving party, details of discount given and so on. Cash book Cash book is maintained for recording the cash receipt and cash payments.
Attendance register It is the book, which is maintained by the company for attendance of the labours per shift. Three shift per days in this concern.
Wage records Initially the workers get Rs.75/- per day the amount was given to workers monthly once. These information are recorded in this book. Consignment authorization This is an agreement between the company and the receiving person at Mumbai. 5 copies of consignment authorization are issued are given to the following persons. 1st copy to party 2nd copy to transporter 3rd copy to central tax officer 4th Copy to their own purpose 5th copy, it is given to the purchasing party.
Payroll system As a coin has two sides head and tail the workers are provided with rewards and punishment according to their work. The rewards are as follows. Salary The office staff salary obtain around Rs 3000/- per month as salary Bonus The workers get 10% on salary, if the profit increases. Provident fund P.F. is contributed both by employer and employees. The amount deposited in provident fund, can be received at any time but usually it is given when the employee leaves the concern.
3.4 HUMAN RESOURCE DEPARTMENT
HUMAN RESOURCE DEPARTMENT The personnel department is reasonable or those aspects of operation, which primarily concerned with the relationship of the members with the president and others. The objective is the maximum individual development desirable working relationship and effective molding of human resources. The main duty of personnel department is to look after activities relating to worker, like. Maintenance of attendance Preparation of wage bill Welfare facilities etc
HR MANAGER
ASSISTANT HR MANAGER
SECRETARY
TIME KEEPER
OBJECTIVES OF PERSONNEL DEPARTMENT: The main objectives of personnel department are to utilize the work force in such a way, so as to get the possible results. Creation of employment opportunities. Maximizing the productivity. Satisfaction to work force. Avoidance to workforce. Promotion of good human relations.
3.5 MARKETING DEPARTMENT
MARKETINGDEPARTMENT
MANAGER
ASSISTANT MANAGER
SALESREPRESENTATIVE MARKETING DEPARTMENT
The word market is derived from the Latin word MARCATUS it means here by merchandise, were traffic trade or place where business is conducted. Market in general, may be described as a place or geographical areas were buyer and seller meet, and function goods and services are offered for sales and transfer of title to ownership. Marketing or sales is an activity of transfer of ownership of goods and services to a buyer in exchange for money. The ultimate objective of all production is sales and without sales no business would survive. Sales is the major source of revenue to the business. The marketing manager is responsible for all activities of this department. Selling is one of the important functions of marketing. The ultimate purpose of purchase of raw material and converting the raw material into finished products is to all the products in order to satisfy the needs and wants of the customer. Through earning profit is considered the heart of business activity, profit is not only parameter of measuring performance of business but indeed the performance and future of company is determined by its social orientation.
MAJOR TASKS OF MARKETING
MAJOR TASKS AND POSSIBLE ACTIVITIES OF MARKETING
Market Analysis Examination of structures of market. Identification of market opportunities. Estimation of total possible sales and companies market share. Marketing Research Evolution of effectiveness of marketing policies. Concept testing. Test marketing. Product Development Development of appropriate products for particular market targets. Deciding on packing. Branding Decisions. Determining services backup. Pricing Setting total price Determining role of price in promotion. Establishing retailers margin. Accessing demand price relationship. Researching value of product as perceived by market. Sales Sales force management. Establishing sales territories and sales targets. Monitoring sales performance. Distribution Merchandising. Establishing distribution network. Advertising& Promotion Devising advertising theme Copy writing