Vimal Promact

PROMACT PLASTIC LTD.
1.1 HISTORY AND DEVELOPMENT
PROMACT PLASTIC LIMITED has been in the service of plastic profession since 1985.
Promact plastic limited was established as on 26/3/1985. At that time the name of the
company is promact plastic private limited but after passing special resolutions on 15/2/1993, the
name is changed and promact plastic limited the founder of the company is Mr. NARAYANBHAI
N. PATEL day by day company is getting success. Mehsana is being concerned, there is no other
company that is producing that is plastic bags.
Promact plastic limited is a public limited company it is good luck group at Mehsana. The
company was established with an aim to provide better packing materials for commodities like
chemical, fertilizers and cement against traditional material of jute bags, over the period of time
company got good faith from users and their quickly established synthetics woven sacks industry
during 1983 to 1988.
Now the company is having good domestic market and in good

position company is developing very fast.
COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 1

1.2 COMPANY PROFILE
NAME OF THE COMPANY:-

PROMACT PLASTIC LIMITED.
REGISTERED OFFICE:-
106, HARIKRUPA CHAMBERS,
BEHIND NATIONAL CHAMBERS,
ASHRAM ROAD,
AHMEDABAD-380009
PHONE NO. :- (079)6587373
FAX NO. :- (079) 6580950
FACTORY:-
UNIT-1
125, GIDC ESTATE NAGALPUR,
MEHSANA
UNIT-2
391 TO 404 GIDC ESTATES
DEDIYASAN, MEHSANA-384002
DATE OF ESTABLISHMENT:-
26-03-1985
BANKRES:-
STATE BANK OF INDIA,
THE MEHSANA URBAN CO-OPERATIVE LTD.

1.3 EXISTING MANAGEMENT BODIES
PARTICULERS NAME
CHAIRMAN & MANAGING DIRECTOR SHRI NARAYANBHAI N. PATEL
WHOLE TIME DIRECTOR SHRI RAMESHBHAI S. PATEL
DIRECTOR
SHRI KIRAN KUMAR A. PATEL
SHRI JAYANTBHAI N. PATEL
SHRI BABUBHAI A. PATEL
AUDITORS
. SHRI PULIN PUROHIT
CHARTERED ACCOUNTANT
AHMEDABAD
COMPANY LAW CONSULTANT

SHRI KASHYAP R. MEHTA
COMPANY SEDRETSRY,
AHMEDABAD.

1.4 FORM OF ORGANIZATION
Generally, size of the unit is base on the total investment and total employment
made by the particular unit. While for the organization, it is decided based on internal
relationship, authority & responsibility to concerned department.
ORGANISATION CHART
DIRECTORS
GENERAL MANAGER
ACCOUNTANT PRODUCTION MARKETING

MARKETING
EXCISE CLERK QUALITY MANAGER MARKETING

MANAGER
COMPUTER
OPERATER SUPERVISOR AREA
TYPIST WORKER MANAGER

SALES
CASHIER
1.6 CONTRIBUTION OF THE UNIT TO THE INDUSTRY
 Company’s share in the industry 20, 00,000 rs.
 Name of the competitor is Gujarat refinery and many mores.

1.7 EXECUTIVE SYNOPSIS
As we all know business is concerned with the financial activities in order to ascertain
statements known as financial statement.
Financial statement consist of income statements and position statements .income statements
furnished information regarding purchase, sales, direct expanses, gross profit or loss and net profit
or net loss. Balance sheet is a mirror, which reflects the true value of assets and liabilities on a
particular date. In spite of being very useful to the business, financial statements ignore the interest
of all parties concerned with all business. These statements are prepared taking into consideration
the interest of the proprietor. The interest of worker, investor, creditors, debenture holder, stock
exchange, researchers, taxation authorities, legislators, politicians and economists is ignored.
Financial statements fail to display profitability, efficiency and financial soundness of the business.
These weaknesses of financial statements are removed by their analysis and interpretation.
LIMITATION OF THIS PROJECT
1. External analysis :-
This analysis is made on the basis of published statements, reports and information.
2. This report prepared in the absence of industry data.
3. Misleading results in the absence of absolute data.
4. Window dressing financial statements are generally manipulated in order to show rosy
picture of the enterprises which leads to incorrect analysis of financial statements.

2.1 INTRODUCTION
Production is sometimes defined as creation of utility or creation of want satisfying

goods and services. Man cannot create everything by himself; he requires help of machines to do
the production
Production system means a combination of production process for raw material

input and finished product output. It is also required to forecast production plans.
“Production is the process by which goods and service are created to of the particulars product”. It
means creation of procurement allocation and utilization of resources such as material, equipment
machinery and labor energy, etc.
It needs no exaggeration to say that production marks significant contribution to

society is well being. The standard of living of people depends of production of function of a
product of service requires satisfying customer need want and desires. It is quite obvious that
activities of production system must be closely related to the customer demand as reflected in the
continuous flow order.
Production is important to the individual organization as well it must can income

the organization should sell goods are services, before selling the goods and services must be
created by organization.

2.2 RAW MATERIALS
Polypropylene Grade: H 030 SG.
Supplier: Reliance petrochemicals ltd.
Hazira, IPCL Baroda.
High Density Polyethylene (HDPE) Grade: WSO A009.
Gas authority of India ltd. (Gail)
Low Density Polyethylene (LDPE) Grade: FS 20
Linear Low Density Polyethylene (LLDP) Grade: fs 2000
Master Batch and Additives
-polywhite (caco3) mix,
-Master Batch (TIO) for colour.
Supplier: (1) plastiblendes india limited
(2) Hycon Additive pvt ltd.

Printing ink
Supplier: (1) Hindustan ink ltd.
2.3 ORGANIZATION STRUCTURE OF

PRODUCTION DEPARTMENT
PRODUCTION PRODUCTION LAMINATION

DEPARTMENT DEPARTMENT DEPARTMENT
PRODUCTION MANAGER PROD. MANAGER
ASS. PROD. MANAGER ASS. PROD. INCHRGE
SUPERVISOR MACHINE
OPERATOR MACHINE SUPERVISOR
OPERATOR OPERATOR
HELPER
HELPER

FOREMEN HELPER
2.4 MANUFACTURING PROCESS
RAW MATERIAL HDPE GRADUALS
EXTRUSION
LOOM FABRIC
LAMINATION
CUTTING
REVERSING
SEWING
PRINTING

2.5 PLANT CAPACITIES
 Overall capacity22 million meters per annum

 Can deliver finished widths up to 63 inch
 Plant specifically designed for varied product mix ( 115 GSM to 450 GSM)
 Can handle 100% hard as blended fabric
 Equipped to provide specialized finishes
 Testing and QC Lab equipped to satisfy most discerning customers
 On line quality checking system
Machineries and Capabilities
Spinning Division : 30000 spindles

Brand new machines …to meet the international standards
 Trumac Blow Room (2000)

 DK780 Cards (2000)

 RSB1 Draw Frame from Rieter (1999)

 LK 250 Comber (2002)
 LF 1400 Speed Frames Textool Ring Frame (2000)
Winding Section
Latest imported Murata & Schlafhorst, Automatic 238 and 338 models. (Year of Installation-
1999)
l All the machines are equipped with Automatic Splicing, Electronic Yarn Clearers and other
automatic devices.
Winding Section
Latest imported Murata & Schlafhorst, Automatic 238 and 338 models. (Year of Installation-
1999)
l All the machines are equipped with Automatic Splicing, Electronic Yarn Clearers and other
automatic devices.

Loom Shed
38 Air-jet and 123 Rapier looms from PICANOL. (Year of Installation - 1999) The existing
Rapier looms are capable of producing checks of 4 to 8 colours in weft and are equipped with
dobbies which can produce designs upto 22 shafts. 72 more Omni Air Jet looms with the capacity
of producing fault-free cloth.
Processing Machineries
Selected latest state of the art, eco friendly, open-width continuous process system ensuring
consistent whiteness / shade across and along the fabric, higher productivity and shorter lead times.

It consists of pretreatment machineries like the Osthoff Singeing with eco friendly dust free Vibra
plus cleaning system. Goller desizing, washing, bleaching and mercerizing machines. High level of
automation and on-line - on-site process control gives high degree of consistency and
reproductivity.
2.6 CRITERIA OF SELECTING OUR

TECHNOLOGY
PROFILE
A reputed Indian name, M B Laminators is a distinguished manufacturer and exporter of quality
Woven fabric, PP Woven Sacks, HDPE Bags and Fabric. We take full advantage of our rich
experience and vast knowledge to maintain and strengthen our front-runner position in the
industry. We offer products that are crafted with a masterly touch and an unmatched elegance, so
that they are well accepted in the global market. We are succeeded in building an incomparable
reputation in the international market for its commitment to quality and time bound shipment
schedules with a sharp, competitive approach.
Our Aim...
Our aim is to provide a product which is tailor made for your business backed by technical
and support services which reflect the value of our many years of experience.

2.7 PRODUCTS
We supply Polypropylene woven fabric sacks, bot » HDPE Bags / Sacks Plain
» HDPE Bags / Sacks Printed
» HDPE Fabrics
» HDPE Tapes
» Guzzeted HDPE Bags Plain
» Guzzeted HDPE Bags Printed
» HDPE Cut Pieces
» HDPE Sheets
» HMHDPE / LDPE Liners
» HDPE Tarpaulins
» Jumbo HDPE Bags Plain
» Jumbo HDPE Bags Printed
POLYPROPYLENE
» Circuler PP Woven Sacks / Bags Plain
» Circuler PP Woven Sacks / Bags Printed
» PP Circuler Woven Unlaminated Fabrics
» PP Circuler Woven Laminated Fabrics
» PP Tapes
» Guzzeted PP Sacks / Bags Plain
» Guzzeted PP Sacks / Bags Printed

» PP Cut Pieces / Sheets

» Jumbo PP Sacks / Bags Plain
» Jumbo PP Sacks / Bags
OUR PATRONAGE
We are a well known entity in the industry with the support of a huge client base which consists of
high profile clients.
 Maximum possible acc
 uracy first time, on time and every time.
 Eco- friendly technology
 Economizing on water, energy and salt utilization.
Pretreatment Machineries
 OSTHOFF singing - Goller desize ( 2000 )

 EFFECTA Washer- Goller ( 2000 )
 Continuous Bleaching - Goller ( 2000 )
 OPTIMA Chainless Mercerise-Goller ( 2000 )
Fabric Dyeing
Fully computerized German machineries from the Kusters, Bruckner and Goller. All
continuous machines with automatic colour kitchens and all level micro processor controls for
better productivity and quality in shorter lead time.

Dyeing Machineries
Cold-pad batch- KUESTERS ( 2001 )

Pad-dry - BRUECKNER ( 2001 )
3.1 INTRODUCTION
Marketing department of promect plasted is a public ltd company and producing plastic
bags which used the different industry mostly fertilizers and cement company for packing
purpose. Here marketing means determining the needs of the customers and converting these into
the wants. The aim of promact limited is not only maximums the profit but to satisfied the
customers and to stand in competitive.
“Marketing management is process of planning & exchange the conception pricing,

promotion & distribution of ideas; goods & services to create exchange that satisfy individual &
organization goals”
Marketing management is essential demand management where marketing managers

manage demand by carrying out marketing research planned. Implementation & control.
Marketing’s job is to convert societal needs into profitable opportunities”

3.2 ORGANIZATION STRUCTURE OF

MARKETING DEPARTMENT
Managing Director
Production manager Accountant
Assistance manager clerk
Supervisor
Packing Supervisor
Workers

3.3 PRODUCT PLANNING

Product planning means to change products design, size weight, quality & other
features according to market trends what type of product customer will accept that will be
analyzed and planning in product planning of a unit.
Product planning refers to creation of new products keeping in view the

requirements of customer. In today’s competitive business environment, it has become very
necessary to provide the products at a reasonable price and that also quality products. To
stay ahead of competitors the product planning should be innovative. Give the customer
something innovative so the customer will be attracted towards your product. Product
planning has become a bottleneck for consideration of success of firm in the market.
There is various method of product planning. Product planning various with

organization to organization. It depends upon size, types & nature of the business some
example are.
 Annual product planning

 Long range product planning
3.4 PRICING POLICY
In simple words, price may be defined as the exchange value of product or service.
While pricing decision is defined as the determination of value of the product or service. Pricing
decision is key element in the marketing activity because it directly relates to the generation of
total revenue. The firm’s main objective is to earn profit and it depends upon the correct price
decision of product or service.
Every product has its price level; pricing is the most important aspect of marketing.
The economics opinion that price is the exchange value of a product. It would also
be prepare to that price is that mechanism for translating into quantitative them the perceived value
of the product to the customer price is the key factor which remarkable affair the sales operation.
Price is fixed very consciously considering market price and trends it will
absolutely help to the organization, if get maximum profit.
For selling any product the most important things is that a buyer considers the price
level.
There is no any fix process of pricing decision. In different firms, the decision about price
is taken by different ways and by different people. Generally, the pricing policy is set up by the top
management or by separate pricing committees with the approval of top management.
In “PROMACT PLASTIC LIMITED”, pricing decisions are taken based on following factors.

 Competitors
 Excise duty
 Price of material
 Price of packing material etc.
3.5 MARKETING SEGMENTION
Markets consist of buyers and buyers differ in many ways. Thus market segmentation
identifies & profile district groups separate products and marketing mixes.
Market consist of buyers and buyers differ in many ways.

A company that practice segment marketing recognizes locating buying habits.
At that time through the company is not willing to customize its communication bundle
to bore to individual customers. The company tried to isolate some broad segment that make
up a market.
Marketing consists of the buyers who differ in wants, purchasing power, geographical
location, buying attitudes & buying habits. On the above basis of characteristics, customers
having similar qualities are grouped in segment.

The PPL is engaged in production different types of plastic bags which used by the
fertilizers, cement company for packing purpose this company has marketing segmentation
this company provides goods as per the requirement and demands of the company.
3.6 CHANNELOF DISTRIBUTION
Distribution means to distribute, sparred, cut or disseminate. In the fiend of marketing

channel of distribution indicate routes through which goods and services flow from
producers to customers. We can define formally the distribution channels as the set of
marketing activities involved the exchanged of goods and services from producers to
customers.
The PPL is produced PP and HDPE. Plastic begs. The company supplied goods as per
order of the company. This company is directly dealed with its customers, there is no any
agent and middlemen between the companies.
"Any sequence of institution from the product to the customer unchanging one or
any number of middlemen is called channel of distribution."

3.7 SALES PROMOTION
“They lead, they follow, they control, they conflict, they cooperate” is said about
the marketing channel system. It is true because channel of distribution is the most powerful
element in marketing mix. The main objective of the marketing channel is to reduce the “gaps”
in the distribution process.
“Promect plastic” has 0 level distribution channel i.e. directly from producer to
customer. No intermediaries are indulged.
Promotion is the process of marketing communication involving information,

persuasion and influence. Promotion has three specific above stated purpose. It communicates
marketing information to consumers, sellers and users.
As “PROMACT PLASTIC LTD.” is the manufacturer of industrial products, it does

not undertake advertising activities. It sells through Internet. The potential customers visit the
site of the firm www.promactplastic.in. And send their requirements through email.

Sales promotion consist of diverse collection of incentive tools, mostly short term,
designed simulate quicker or greater purchase of particulars products by customers sales
promotion of offers in incentive to buy.
Beside Scheme Company also used to provide leaflets, dangers, posters, dispenser,
and stickers to the retailers to display. Good report with the retailers resulted into support in
display of pop materials.
From these things we can learn the basic activities needed for the OTC market.
Focusing on retailer and on quality, how to satisfy customer’s needs by manufacturing products
according to the need of the customer.
3.8 ADVERTISING
One of the most important ‘P’s of marketing is promotion. Advertising and sales
promotion are two important tools of promotion. It is rarely possible that any business whether
small and large scale can sales its product without use of advertisement. A salesman can not
contact each and every customer; hence the only tool to inform the customer about product at a
time is advertising.
Advertisement Structure
Managing Director
Manager sales Manager Administration
Zonal manager Officer

Area Sales Manager Assistance
District sales Manager
Sales Executives
Sales representative
3.9 MARKETING RESEARCH
“Market Research” is the systematically designed, collection, analysis and reporting

of data relevant to specific market situation faced by the company.
Learning something more about consumer preferences and about marketing mix is
the heart of marketing research. It is an inevitable tool in decision-making process based on
scientific investigation and analysis of marketing problems.
“PROMECT PLASTIC” does not undertake and market research activities.

Therefore, they do not spend and expenses for it. They get all the information related to market
from their customers and agents.
Research is one of the main elements of his report on the basis of the research they
come to the final destination. In the research, the element is instrument, sampling, and sources of
data questionnaire. The instrument represent the “instrument” which is they are using after this
research. In the sampling they are selected some areas and on the basis of this area they survey
the different retailer by the questionnaire. In sources of data they use the both types of data. I.e.
primary and secondary data. Marketing research is the systematic-gathering recording and

analyzing or dates about problem consider with the market place. Mix marketing research is said
to be moving away from simple suspires to action oriented decision, problem-solving research.
Marketing research is concerned with all those factors, which have a direct impact
upon the marketing of product and services, it is the study of any part of the total marketing
process and entire area of buyer behavior and attitude in the market
4.1 INTRODUCTION
Personnel hold a key place in the industry. The success of business enterprise also
mainly depends largely on the quality of the personnel. Moreover, the growth of business depends
on the efficiency and ability of its workers.
In business organization, management for managing the employees faces so many
problems. To create a harmonious relationship between employees and employer, personnel
management is required in every business unit. In this way personnel management utilizes the
human resource with maximum efficiency.
“Human Resource Management is the art of acquiring, development & maintaining a competent
work force in such a manner as to a competent with maximum efficiency and economy the
function & objective of organization”
The field of human resources management is one that demands a board

background in psychology, sociology, economics and administration. It deals with issue that
requires analytical study and Sherwood judgment. It requires and ability positions with out losing
perceptive and skill in predicting human behavior and retain. The talk of unlearning and
organizations has been increasingly complicated by such factor as the increasing educational level
of the nation’s work force, the increasing mechanization and automation of work, the rise in power
of labor organizations the purpose to protect the special interest of personnel, the insistent and
some times violent demand of less privileged segment of our society the increasing size and

complete of all types of organizations and the evading values system of society. This frequently
leads to the imposition of restraints upon private organization to protect and preserve selected
human interest.
It is appropriate and to offer at the beginning of the discussion a definition of the

subject to be covered. It will be found that in the following definition in the first please were
dealing with two categories of function managerial and operatives. A manager is one who exercises
authority and leadership over other personnel the receding of the firm is the department head or
Forman on the other hand, and operative is one who has no authority over others.
4.2 ORGANIZATION STRUCTURE OF HRD

DEPARTMENT
BOARD OF DIRECTORS
WHOLE TIME DIRECTOR
PURCHESE FACTORY
MANAGER MANAGER
PRODUCTION MAINTANC
MANAGER MANAGER

PRODUCTION TESTING
SUPERVISOR SUPERVISOR
MAINTENCE FILTER
ELECTROCIAN
FINANCE MARCETING
MANAGER MANAGER
COMPUTER CLERKS
OPERATOR
4.3 RECRUITMENT & SELECTION
RECRUITMENT
Recruitment is the positive and foremost process of searching well adequate

qualified and prospective employees to apply for jobs in an organization.
PPL has adopted different sources of recruitment.
{1}ADVERTISEMENT:-
Advertisement is the most important fool to search and attract the employees for
recruitment. Promact plastic carries out is advertisement in journals, magazines and
newspapers.
{2}EMPLOYMENT AGENCIES:-
Promact plastic is a manly recruit by employment agencies. Its two types of employment
agencies:-
(1) Public employment agencies
(2) Privet
{3}OPEN INTERVIEWS:-
The company also arranges open interviews to recruite dynamic employees in
place of old employees or new appoint employees.
{4}LABOUR CONTRACTORS:-

Mostly, when work or productions are in abundance PPL. Recruit workers through
contractors who are they the employees the employee.
{5}WORKING EMPLOYEES:-
For change in worker & with increase performance of employees.
SELECTION
Generally selection is the process of choosing an applicant for the specific jib in
the organization, but selection has broadly meaning in the language of management.
Selection of process of securing relevant information about an applicant .

This information is secured in a number of stages. The selection process is depends on
qualification, skills, knowledge & requirement of the employee. The selection process is
starts with initial interviews and end up with the final employment decision. The
traditional selection process includes preliminary screening interview , completion of
ground investigations, physical examination and final employment decision to hire.
4.4 TRAINING & DEVELOPMENT
TRAINING
Training means to teach workers or employees how to do job or work.

Training is the process of learning a sequence of programmable behavior. Training is
the corner stone of the sound management. It is an activity ultimately connected with
all personnel or managerial activities. Training is an integral part of the whole
management. After training he may be able to do work efficient and effectively without
help of supervisor or senior person.
 Increasing productivity
 Improve quality
 To full future personnel needs
 Improve organizational climate
 Improve health and safety

DEVELOPMENT
All those persons who have authority over other and are responsible for their
activities and for the operation of an enterprise are managers. The success of over all
management is depending on the managerial executives. So, that the executives or
manager of PPL . Attend such programmed which are useful for them for the operation
of an organization.
4.5 PROMOTION & TRANSFER POLICY
A promotion is an advancement of an employee in Organization to another job,

which commands better wages, status, higher Opportunities and a higher rank.
Promotion is based on performance appraisal system. Promotion is given as par

needs by the company and if there is no April. Promotion depends on the interest of the
company. On making promotion Companies also announce increment. The employee must
have minimum Graduate degree.

4.6 CLASSIFICATION OF WORKER
CLASSIFY IN THE WORKER
EXECUTIVES WORKERS
(10) (250)
SKILL SEMISKILL UNSKILL

(175) (50) (25)

4.7 PERFORMANCE APPRAISAL
Performance appraisal or merit rating is one of the most important functions of

personnel management.
"The overall objective of performance appraisal is to improve the efficiency of an

enterprise by attempting to mobilize the best possible efforts from individuals employed
in it."
PPL has been conducting its better efforts towards attunement of efficiency and
effective results from employees employed. To puts psychological pressure on people to
and also to improve administration deficiencies & improving the performance of the
personnel.

4.8 TIME KEEPING SYSTEM
Time keeping system is also in Promact Plastics Ltd.
They continue their production process for 24 hours. So they have arranged
different shifts.
Recess Time
First Shift : 12:00.a.m. to 08:00.a.m. 04:30.a.m. to 05:00.a.m.
Second Shift : 08:00.a.m. to 04:00.p.m. 12:30 p.m. to 1.00 p.m.
Third Shift : 04:00.p.m. to 12:00.a.m. 8:30 p.m. to 9:00.p.m.
4.9 EMPLOYEE SERVICES
The employee benefit and service refers to the invectives, which Are provided to the
employee so that are unarranged and motivated. It consists Recreational facilities, wages, bonus,
and many other facilities like that.
Promact Plastic Ltd Co. also gives a facility to its employees As per the good rules &
revolution. The below given services are to be Provided to the workers.
 Night shift allowances
 Medical facilities

 Uniform
 Overtime allowance
 Loan facilities
 Housing for employee
 Milk-Tea office
 Vehicle allowance
 Education facilities
 Canteen facilities
 Garden facility
 Staff bus facility
 Insurance facility
 Counseling
 Culture activity
4.10 WAGES AND SALARY ADMINISTRATION

As a matter of fact wage and salary administration is one of the major
Responsibilities of morden manpower management it is of course a lie responsibility but
continually increasing complication having demanded the attention of specialized staff
members wages means the amount paid to the labor for his services to the employer
wages may be different types such as real wages Living wages minimum wages fair
wages and soon. Wages given by Management to the lower level workers per day Rs.60/-
and monthly they are given Rs. 1800/- by getting 12 hours works from them contract
system is to be Adopted for lower level workers 155 workers are unskilled. The term
salary is defined as the remuneration paid to the clerical and managerial
Personal employee on monthly or annual basis. Salary refers to the Monthly rate of
pay irrespective of the number of the hours put in by an Employee.
(1) Promact plastics ltd. has made review and recommendations basis wage sand
salary structure.

(2) Promact plastics ltd. has administration of wages and salary, which helps in
formulation of wages policies.
(3) Promacl plastics limited has been formulating and administrating the salary
policies.
(4) Promact plastics limited compares the pay of different employee with their skill
knowledge performance etc. which administrating a salary.
A Promact plastic limited has been giving fixed salary of supervisors and
officers. The maximum salary of officers is Rs. 3500/-
4.11 TRADE UNION
A Trade is an association of employee-designed primary to maintain or

improve the condition of employment of its member. Trade unions are the voluntary
organizations of workers, which are formed to protect their Internet. The trade
union acts came in 1926 for the benefit of workers.
Now days the trade union has to pay greater attention.
1) To improve and promote individual and collective welfare.
2) To secure for workers fair wages.
3) To safe guard security of future and improve conditions of service.
4) To enlarge opportunities for promotion and training

5) To improve working and living conditions.
6) To provide for educational, cultural and recreation of facility.
Promact plastics limited has been discharging above

conditions regular as per the trade union norms promact plastics limited has also
provide other benefits like to give bonus, canteen, lunch stage and garden facility to
its employed.
4.12 PERSONAL RECORDS
Personnel record record means to collect and maintain the records of the
employee. Who are working now and also the employee who are working in past. It
helps the organization to give promotion and to fill the vacancies. In the organization
different techniques and methods can maintain these personal records. These records are
very helpful when certainly these are vacancy due To any season. If we maintain
personal record then we contact the fanner Employees who are above for that vacancy
and we can fulfill it. Promact Plastic ltd. Maintain the personal records of its employee
by providing them. The form of details of employee and details of employee's family,
these forms contain the general information and some personal information of employees
some to tern are as under.
1) Employee code.

2) Grade.
3) Employee name.
4) Designation.
5) Present address.
6) City.
7) State.
8) Phone no.
9) Permanent address.
4.13 GOAL OF THE COMPANY
The PPL produces plastic bags and other plastic materials.The goal of the company
provides plastic material to the market. It carried Business to the market. It carries business
as producers. Processors, buyers & Sellers glass articles. The aim of the company is to
carry on business as manufacturer dealer in all types of plastic & plastic manufacturing
& Processing industries.

5.1 INTRODUCTION
Financial planning is the process of estimating of the business. Finance

management is nothing but the part of overall management concerns with the raising of funds
in most economic and suitable manner, using the funds as profitably as possible, planning for
future operations, and controlling the current performance and future development through
financial accounting, cost accounting concerned with procurements of fund and effective
utilization of fund.

The promact plastic limited is present enjoying working capital facilities from State
Bank of India, Janta super Market Branch, and Mehsana.
5.2 ORGANIZING STRUCTURE OF FINANCE

DEPARTMENT
Organization of financial department means the decision

regarding various classifications of functions, which are performed by the accounting department.
Finance Director
Vice President of Account & Admi.

General Manager of A/c
Manager
Assistant Manager
Senior A/c Assistant / A/c Officer
Account Assistant
5.3 FINANCIAL PLANNING
CAPITAL IS THE LEIFEBLOOD OF A BUSINESS. So proper arrangement of

capital is done for progress of business. And that financial planning is almost required.
Financial planning means deciding in advance the various financial activities to be

performed to achieve the basic objectives of the firm, maximum return with minimum efforts,
to raise the necessary funds sand when it is required at minimum cost

The financial planning of PROMACT PLASTIC LTD is satisfactory as the

requirements are adjusted well in advanced, various question like "how to get fund", "when to
get fund", and "how to raise fund" are forecasted and plan well in advance for future
settlements and requirement.
Its concern directors and accountant carry out PROMACT PLASTIC financial
planning. Mostly PROMACT PLASTIC considers, dividend for financial planning.
5.4 MANAGEMENT OF FIXED ASSETS
Management of fixed costs as important, as fixed assets are the part of the business
unit. It is the most important aspect of investment decision. Adequate fixed assets are there for

raising finance from various sources. Mainly furniture, machinery, land and building etc are
included in fixed assets. Fixed assets are the assets, which provide return for several periods if
time. The proper effective care must be taken for fixed assets i.e. by management of fixed
assets.
5.5 MANAGEMENT OF CASH
Cash is the most important factor financial mgt, and it is also the most
important current assets the operation of the business. Every activity in an enterprise revolves
round cash. As because cash is limited in every enterprise and it cannot be raised as and when
one like it. It is therefore; desirable cash must be managed properly.

Cash management is the mgt, of utilizing the available cash mot effectively
so as to accomplish the goals of the undertaking cash mgt, is essential to solve the problem
like, how cash should be set aside for the unexpected challenges. And how much for the
regular day to day working.
Therefore the aim of the cash management is to maintain a sound cash

position to keep the firm sufficiently liquid and to use the excessive cash, if any, in something
profitable way.
PROMACT PLASTIC LTD is a company that produces different plastic,

which ultimately results in higher investment of cash. Not only this but man ltd has also
introduced new and advanced technology machines, and expansion of the firm, so the cash
requirement is in abundance. Thus the finance manger is responsible to manage the cash in
various areas, which increase the profitability of the firm to a higher extent.
5.5 MANAGEMENT OF FIXED ASSERTS

(DEPRECIATION METHOD USED)
The company used depreciation method on all fixed assets except buildings plant
and machinery installed since 1-1-63 is calculated in written down value basis unsure section 205
(2) (a) of the companies Act 1956.

Depreciation on buildings plant & machinery installed since 01-01-63 is calculated

on stringent line basis under section 206 (2) (b) of the companies Act.
5.6 MANAGEMENT OF INVENTORIES
Inventory mean the stock of product i.e. raw material, semi finished goods
& finished goods. In India 60% of the current assets are represented by inventory.
A large part of working capital is invested in inventories. The management
on inventories is therefore necessary to avoid heavy losses due to leakage, theft & wastage
because neglecting the management of inventories may jeopardize the long run profitability of
the concern. Management of inventory thus related to optimum investment in inventory.
5.7 BALANCE SHEET

AS ON 31 March 2005
Rs.(In Lacks)
PARTICULAR SCHEDULE 31-3-2005 31-3-2004
SOURCE OF FUNDS
1) Share holder’s fund
a) Share capital 1 542.65 542.65
b) Reserve & Surplus 2 210.07 177.77
752.72 720.42

2) Loans funds
a) Secured Loans 3 1267.35 1149.32
b) Unsecured Loans 4 141.08 214.75
1408.43 1364.07
2161.15 2084.49
APPLICATION OF FUNDS 5
1) Fixed assets 1609.95 1606.01
(a) Gross block 551.67 484.77
( b) Less Depreciation
1058.28 1121.24
2)Investments 6
9.20 5.00
3) current assets ,loan & advance 7

a) Inventories
b) Sundry Debtors
563.00 528.04
c) Cash and Bank Balance
d) Other Current Assets
733.30 682.74
e) Loans and Advances 37.81 58.11
1.52 3.24
299.95 239.75
Less: Current Liabilities & Provisions 8 1635.58 1511.88
a) Liabilities
b) Provisions
107.38 217.30
c) Provision For Deferred Tax
128.67 73.67
316.03 274.91
Net Current 552.08 565.88
Assets
1083.50 946.00
4) Miscellaneous
Expenditure
10.17 12.24
2161.15 2084.48
PROFIT &LOSS A\C AT THE END OF YEAR 31 MARCH 2005

Rs.(In Lacks)
PARTICULAR SCHEDULE 2004-2005 2003-2004
INCOME
3213.65 3195.26
Sales 9 5.39 7.30
Other Income
3219.65 3202.56

EXPENDITURE 1833.84 1806.72

Raw material 10 751.52 740.93
consumption 50.62 49.36
Manufacturing 207.14 236.70
Expenses 153.73 162.38
Employee’s 66.90 67.99
Emoluments
3066.75 3064.08
Other Expenses
Interests
Depreciations
ProfitBefore 152.29 138.48

Taxation 17.51 10.39
Provision For 41.12 42.93
Taxation 93.66 85.17
Provision For 77.65 7.52
Deferred Tax
Profit For The Year
Balance As Per
Last Year
171.30 77.65
APPROPRIATIONS
54.26 0.00
Proposed dividend
7.09 0.00
Balance Carried To Balance Sheet
109.95 77.65
5.9 SALES OF THE COMPANY
YEAR SALES
2002 2321.47
2003 3002.99
2004 3195.26
2005 3213.65


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PROMACT PLASTIC LTD.

1.1 HISTORY AND DEVELOPMENT

Now the company is having good domestic market and in good

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 1

1.2 COMPANY PROFILE

NAME OF THE COMPANY:-

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 2

1.3 EXISTING MANAGEMENT BODIES

WHOLE TIME DIRECTOR SHRI RAMESHBHAI S. PATEL

SHRI JAYANTBHAI N. PATEL

SHRI BABUBHAI A. PATEL

COMPANY LAW CONSULTANT

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 3

1.4 FORM OF ORGANIZATION

ACCOUNTANT PRODUCTION MARKETING

EXCISE CLERK QUALITY MANAGER MARKETING

TYPIST WORKER MANAGER

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 4

1.6 CONTRIBUTION OF THE UNIT TO THE INDUSTRY

 Company’s share in the industry 20, 00,000 rs.

 Name of the competitor is Gujarat refinery and many mores.

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 5

1.7 EXECUTIVE SYNOPSIS

LIMITATION OF THIS PROJECT

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 6

Production is sometimes defined as creation of utility or creation of want satisfying

Production system means a combination of production process for raw material

It needs no exaggeration to say that production marks significant contribution to

Production is important to the individual organization as well it must can income

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 7

2.2 RAW MATERIALS

Polypropylene Grade: H 030 SG.

Supplier: Reliance petrochemicals ltd.

Hazira, IPCL Baroda.

High Density Polyethylene (HDPE) Grade: WSO A009.

Supplier: Reliance petrochemicals ltd.

Hazira, IPCL Baroda.

Gas authority of India ltd. (Gail)

Low Density Polyethylene (LDPE) Grade: FS 20

Supplier: Reliance petrochemicals ltd.

Hazira, IPCL Baroda.

Linear Low Density Polyethylene (LLDP) Grade: fs 2000

Supplier: Reliance petrochemicals ltd.

Hazira, IPCL Baroda.

Master Batch and Additives

-polywhite (caco3) mix,

-Master Batch (TIO) for colour.

Supplier: (1) plastiblendes india limited

(2) Hycon Additive pvt ltd.

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 8

2.3 ORGANIZATION STRUCTURE OF

PRODUCTION PRODUCTION LAMINATION

PRODUCTION MANAGER PROD. MANAGER

ASS. PROD. MANAGER ASS. PROD. INCHRGE

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 9

2.4 MANUFACTURING PROCESS

RAW MATERIAL HDPE GRADUALS

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 10

2.5 PLANT CAPACITIES

 Overall capacity22 million meters per annum

Machineries and Capabilities

Spinning Division : 30000 spindles

 Trumac Blow Room (2000)

COLLEGEOF COMPUTER & MANAGEMENT STUDIES, VADU 11