4.Unnecessary intervention of state and central governments in distribution & Sales 5.

Recurring losses have put the organisation on the back foot looking for Survival in the present than long term plans & resulting research,leading to Low level of research activities and narrow product range.

Competitors of FACT
1.SPIC Southern Petrol Industrial Chemicals.

2.MFL Madras Fertilizers Limited 3.NFL Nagarjuna Fertilizers Limited 4.MaFL Mangalore Fertilizers Limited 5.RCL Rashtriya Chemical Fertilizers Limited FINANCE DEPARTMENT 1.GENERAL INFORMATION Finance department is headed by financial director who Is further headed by different department heads like administration works Loading and unloading depicted in chart.Finance and accounting the two separate functions of finance department.There is considerable overlapping between the two.Accounting relates to keeping information regarding the tansaction of the business.So that the financial statement can be prepared periodically and the assets and liabilities of the company can be accounted.Finance deals with procurement and utilization of funds and with payment basis to children of neighbouring public sector.Supply of the funds to all sections of the enterprise.The accounting department provides the basic data relating to finance functions therefore even

through these two are separate functions ;they are sufficiently described to be related together. 2.OBJECTIVES To manage & account for the financial resource of the Organization ,to Forecast its requirement in the future and plan accordingly and to check for deviation. Report the financial performance of the company to management ,stakeholders & to comply with the Govt. rules and regulation. 1.BILLS & MATERIALSThe main functions are Stores accounting and Receiving ,Dispatch ,Import orders and holding of bills. (a)Bills section Bills section deals with the contract account for execution of civil works and Other construction/erection ,maintenance and services .It includes Sale of tender form Remittance of security deposit Receipts to certified bill in the specified format Security on running account bills and final bill Statutory procedures and formalities in works contract (b)Stores accounting Main functions of stores accounting are: Receipts of stores Issue of stores Returns of stores Unconsumed materials lying at site at the close of financial year

2.SALES Functions Accountability for selling and distribution of products & byproducts Recording the transaction Transaction of information from depots to Head office Compilation of reports STRUCTURE OF FINANCE DEPARTMENT
DIR (FINANCE)

EXEC. DIRECTOR

GM (FINANCE)

DGM (IA)

DGM (FINANCE)

MGR (IA)

CM (BILLS)

CM (SALES) CM (GEN.A/C)

CM (COSTING, MIS, BUDGET)

MGR (CASH, BANK, PAYROLL)

MGR (TAXES, DUTIES)