JAIPUR NATIONAL

UNIVERSITY

Project Report
On
A Study On The Working Process And
Management
Of
VETO PLASTICS PVT. LTD.
MBA (Dual)(I)
(MASTER OF BUSINESS ADMINISTRATION)
Submitted To:- Submitted By:-
Prof. Rajesh Mehrotra Aman Jangir
Director Rohit Soni
SBM Bhawani Singh
(Main Campus)
 Preface

It is definitely true that the world outside your house is many time different from
what you have been preceding in the same way. It is possible in that theoretical
knowledge acquired by in the classroom may differ from the practical
knowledge. With a view to making aware of the practical implication of what
here all helping in industries during the remaining period.

We have undergone the training of Veto Plastics Pvt. Ltd. at Bindayaka

industrial area Jaipur (raj).

A sincere effort has been done by us to mention the knowledge acquired

during the training period. The meters mention is based on information provided
by the industry.

1
 ACKNOWLEDGEMENT

It is a matter of honor for us to express our gratitude towards all those

who guided directly or indirectly in completing this project report. We would
like to specially thank Prof. Rajesh Mehrotra (Director) for all support and
facilities provided.

Mr. Akashay for giving valuable guidance to us throughout this project.

Mr. Hemant Moolchandani(director) for providing valuable data source,

information and giving us an opportunity to do study at VETO company.

2
 Table of Content

S.No. Content Page No.

1 Introduction 4-6

2 Organizational Structure 7

3 Functional Departments and Production Process 10-20

4 Swot Analysis 21-22

5 Case Study 23

6 Finding And Suggestions 24

7 Conclusion 25

8 Questionnaire And Bibliography 26-27

3
 Introduction

Company Profile

The organizational study was conducted at Veto Plastics Pvt.Ltd. Jaipur.

The objective of the study is:

To study the organizational structure.
To study about the structure and functioning of various departments.

To study how the management control various departments for the attainment
of the organizational objectives.
To know the working process of the company.

VETO PLASTICS PVT. LTD. was incorporated on MAY 23,1996 by Late Sh.Harish
Moolchandani, TeerthDas Moolchandani, Hemant Moolchandani in Jaipur (Rajasthan) with
capital of Rs. 24,35000(loan taken from RFC of Rs.12,00,000 at intrest of 19.5% p.a. and
remaining Rs.12,35000 was issued as share capital) for manufacturing of plastic house ware
products bucket,mug,lunch box,containers,basin.

From 2015 onwards after death of Lt. Sh. Harish Moolchandani n resignation of TeerthDas
Moolchandani from director position, Hemant Moolchandani and Rinkoo Moolchandani are
holding position of directors in Veto Plastics Pvt. Ltd.

Production was started with induction machine,grinder,mixer and cooling tower which were
purchased at Rs.17,00,000, 50,000, 20,000 and 1,00,000 respectively.

Veto Plastics revenue according to previous financial year was approx.10 crores and profit
generated was approx. 3.5 crore.

Production of the products are generally done according to customer order, it is supplied to
the retailers, whole sellers, distributors according to the specification provided by them.
4
LIST OF ITEMS FROM VETO PLASTICS

Bucket Basin Mug

Papad box Ice tray Soap case

Lunch box Container

5
 Vetos Vision, Mission and Quality Policy

VISION

Vetos vision is to enhance the quality and achieve customer satisfaction. Veto maintains and
implement better quality standards to ensure people with more comfortable and safe use.

MISSION

Veto provides unique and innovative plastic houseware products and services that deliver
superior measurable values to all customers

QUALITY POLICY

To manufacture and market goods, which comply with the consumers

requirements
To achieve customer satisfaction is the basic philosophy of the organization

o .
6
 ORGANISATIONAL STRUCTURE

Director

General
Manager

Marketing Financial HR
Production
Manager Manager Manager
Manager

Foreman Helper Labour

7
Functions Of Various Departments

The company consists of four departments namely Production, Finance, Administration &

Marketing and Human Resource Management. The company has some permanent staff
and there are 40 to 50 labors who work on a daily wage basis. With the performance, he will
be made permanent. The daily wage basis labors are entitled to work for 9 hours a day in two
shifts. During the peak seasons the labors work for 28-29days in a month otherwise they work
for 24-25 days in a month.

MARKETING DEPARTMENT

Marketing department is entrusted with the function of planning and executing the
conception, pricing, promotion and distribution of ideas goods services, to create exchanges
that satisfy individual and organizational boards. In simple terms the marketing function is
catered around the customer and his needs.

ORGANIZATION STRUCTURE

MARKETING MANAGER

BRANCH MANAGER

SALES EXECUTIVE

REPRESENTATIVES
8
Functions of Marketing Department in Veto Plastics:

The major functions are explained below:

1. Demand Forecasting
2. Marketing Research
3. Marketing Control

1.Demand Forecasting

Demand forecasting is the main function of marketing in VETO plastics .It should be done
through sales force in the company such as sales representatives, sales executives etc.
collecting information from customers. On the basis of this information demand forecasting is
to be done.

2. Marketing Research

The main objectives of market research by VETO plastics are:

To know buyers.
To measure the impact of promotional effort.

To know consumer response.

To know market costs and profits.

To master external forces.

To design and implement marketing control.

3. Marketing Control

Various tools used for marketing control by VETO plastics are cost control and a market share
analysis. Cost control is one task for monitoring the cost of marketing and it is compared with
planned cost standard, so as to identify deviations and take corrective action. Market share
analysis is also used for marketing control.
9
 DISTRIBUTION CHANNEL

Manufacturer

Wholesaler

Retailer

Consumer

Marketing Mix (4Ps)

Product:

VETO is a full time plastic houseware products manufacturer.

Place:

Vetos distribution channel consists of Manufacturer,Wholesaler,Retailer,Consumer

Price:

Prices are predetermined, it changes only when there is material change in prices of raw
material or any other factors.

Promotion:
VETO plastics primarily uses newspapers as its main medium for advertising.
Seasonally they offer different promotions.
10
Competitive Analysis:

Veto competes with other Companies like Cello, Tupperware, Unilite, Milton.

Analysis:

Compare ourselves to the main competitors to rise above them.

Tell our customers why they should choose Veto over the competitiors.

Opportunities:

Increase the market share, so can become leader in marketplace.

To evaluate diversity as Veto source of strength.

To build awareness of lasting favorability among target.

.
11
HUMAN RESOURCE DEPARTMENT

Veto does pro-active approach to managing people in the organization. It constitutes a series
of integrated decisions that helps to consolidate the employment relationship and believes that
their quality contributes to the efficiency of the organization and helps the employees to
achieve their objectives.

In the case of production centers, factory manager manages all personal staff and creates a
good relationship with office staff and workers. He undertakes their wants. He will motivate
entire unit as a whole. Each unit works as an independent unit with its own modes of training,
induction, performance, appraisal etc.

All the functions are done in consultation with the production manager and the
general manager. In the branch offices Branch manager maintains the warmth employee
relationship and assessment and training is provided by branch manager in consultations with
marketing manager and the General Manager.

Organization structure

HUMAN RESOURCE

MIDDLE SUPERVISORY OPERATIONAL

TOP MANAGEMENT
MANAGEMENT MANAGEMENT MANAGEMENT

BOARD OF DIRECTORS
DEPARTMENTAL HEADS SENIOR SUPERVISORS SKILLEDWORKERS
CHEIEF ACCOUNTANT
DIVISIONAL HEADS INTERMEDIATE SEMI- SKILLED WORKERS
FINANACIAL
SECTIONAL HEADS SUPERVISORS UNSKILLED WORKERS
DIRECTORS
12
Working Hours in VETO:

Office time begins with 9 A.M up to 6:00 P.M and night shift begins at 9:00 P.M up to 6:00

A.M. In day shift all transactions and official function, production is completed and at night

shift only production work goes on. All functions are controlled by HR Manager. HR

Manager handles many planning process they are:

Forecasting future manpower requirement, it is estimated based upon specific

future plans of the company.

Identifying present manpower resources and analyzing the degree to which

these resources are employed optimally.

Anticipating manpower problems by projecting present resources into the

future and comparing them with the forecast of the requirement, to determine
their

adequacy, both quantitatively and qualitatively.

Planning the necessary programs of requirement, selection, training and

development, utilization, transfer, promotion, motivation and compensation. So

that future manpower requirement will be met.

13
EMPLOYE WELFARE
14
PRODUCTION DEPARTMENT

The main aim if this company is to produce what customers want, in the qualities customers
require, at a price consumer are willing to pay, and at a cost that yields a profit to the
business.

That means that being efficient is vital to success.

At Veto, the production flow draws on three main production shops, as well as support
areas. The three main shops are:

a) Mixing colors

b) Melting

c) Final shaping the plastic i.e final product

QUALITY MANAGEMENT

Quality management is a key feature of Veto way of working. It involves making

customers satisfaction top priority.

The organization and its people do is focused on creating high quality. To achieve this,
VETO has to:-

Understand Customers requirements

Priorities and standardize tasks to deliver quality.
Consider the processes involved in providing quality, not just the end result
Quality Management is an ongoing process, a way of thinking and doing that
requires an
improvement culture in which everyone looks for ways of doing better.
15
VETO PRODUCTION PROCESS

1. Raw material i.e. plastic granules are mixed into color in a mixer machine. Plastics
granules are of white color and these granules are mixed in desired color.
16
2. Colored granules are melted in induction machine.

3. Melted granules are moulded into desired shape in induction machine itself with the help
of dye.
17
4. finished product

To prevent the machine from bursting because of high temperature, cooling

tower is installed to maintain the temperature of water of the induction machine. It
also maintains the temperature of the oil of the induction machine.
18
 FINANCE DEPARTMENT

Organization structure

GENERAL MANAGER

FINANCE MANAGER

FACTORY MANAGER

BRANCH MANAGER

Sources of Finance:-

VETO Plastics find sources of finance through banks. As it is a partnership company, the
partners contribute their funds to make capital requirements and other expenditure with the help
of banks and financial institutions. VETO Plastics deals all finance requirements with State bank
of India.

Companys Financial Policies:-

Low cost of operation of funds.
Efficient receivable management, through acceleration of funds.

Faster sourcing of funds from institutions.

Functions of Finance Department:-

Finance function is concerned with all aspects of business operations. It is very difficult
to set limits to the finance function. The key activities under finance department are:
Management of company assets structure.
Financial analysis, planning and control.

Management of company financial structure.

Estimating capital requirement.

Determining sources of fund.

Utilization of fund
19
 ACCOUNTS DEPARTMENT

Chief accountant works in coordination with finance manager, on the fund flow issues

and in case of any shortage of cash occurs. Finance manager canalized the shortage from

financial institutions in case of emergency and normal cases, chief accountant tightness the

payment collections from the whole sellers and other sources.

Other main function of accounts department of VETO plastics is tax payments. They

deal with the central sales tax, K VAT, excise and other department. Monthly returns are

prepared by the accounts department.

20
 SWOT Analysis

Strength

1. The company has a wide network of dealers and distributors spread across the
state.

2. The company has talented, skilled and qualified man power to look after
different activities at various levels in the organization.
3. Raw material is locally available within the boundary of 200 kms.
4. The company has a Skilled Manpower.

5. Company produces quality product at reasonable prices which has

competitive of the company.

Weakness

1. Fluctuation in raw material prices results in fluctuation in daily prices of the

product.
2. Labour shortage and communication problem with labour.
3. Problems occur in machines during manufacturing of products.

4. Irregularity of power supply stops the production process and leads to idle
machine Time, idle workforce as there is no power backup.

Opportunities

1. The major raw material is available within the boundary of 200 kms, so that
company can compete easily with the bigger player as the cost of production is very
less.
2. Company can make use of full capacity of production by providing good
maintenance of machines and proper power supply.
3. Company should create good dealers distribution network to make a good
hold and a large market share for its product.
4. Company can reduce its cost of production due to high productivity.

21
Threats

1. Emerging big player & hence there is competition in the market.

2. Steel prices are depends globally, so sometimes it affects the availability of raw
material and it is not possible to make a large stock of raw material due to daily
fluctuation in price.
22
 Case Study

Veto Plastics Pvt. Ltd, a manufacturer of plastic houseware product mugs, containers &
lunch box, soap case and many more.

Veto plastics had a very humble start. At the outset the founders Lt. Sh. Harish moolchandani,
Teerthdas moolchandani, Hemant moolchandani were managing their own retailing shop at
Jaipur in 1984. Due to good connections in the field of plastic manufacturing they decided to
start their own plastic product production company in the year 1996 with capital of 24,
35000(loan taken from RFC of Rs.12,00,000 at the interest of 19.5% p.a and remaining
Rs.12,35000 was issued as share capital.

Today Veto is an active manufacturer of plastic house ware products in all over Rajasthan.

The current situation of company is quiet good in market, they are having more than 100
dealers in Rajasthan and they have just started to manufacture their products in Uttar Pradesh,
Madhya Pradesh, and Delhi.

They provide good quality of products and are upto the mark but they are facing some
problems regarding less avaibality of labour in summer season which is affecting their
production process.
23
 Findings & Suggestions

Findings
The qualities of the products are upto the mark.
Has well trained employees to operate the advance machines.

Safety is given main preference as by providing safety accessories to workers

during work.
Discipline is being followed.
Dumping of waste in open area to convert it into fossil fuel.

Everyday feedbacks are taken.

Workers have been provided with compensation in case of injuries during work.

No discrimination for race, religion, decision making and actions.

Suggestions
Workers should get more safety as its a difficult manufacturing process.
Fans and cooling system should be provided so as to save workers from the
excessive heat generates from induction machine.
Annual medical check-up for all workmen and employees. A small amount can
be deducted from the salary one time.
Cleanliness and orderliness has to be further improved.
More Advertisement should be done by introducing new modes of advertisements.

24
 CONCLUSION

The study conducted at VETO PLASTIC PVT. LTD., JAIPUR, RAJASTHAN which does
manufacturing of plastic houseware in Jaipur, helped in getting a wider overview about the
business environment and managing an organization.

It was a general study regarding manufacturing process of Veto Plastics. The company has
four functional departments through which it was operating. It is found that company has a
good working environment and healthy relationship is maintained between all departments for
the smooth functioning and achievement of the organizational goal to maintain the companys
goodwill among the dealers and customers.

Veto Plastics has used advance machinery and up to date knowledge. Production has been
done by advance machinery to reduce the production cost. All the products are upto mark. Co.
is focusing towards maintaining the demand and supply of products even during this recession
period. This has helped the company to search alternative ways for maintaining the demand
and to survive in competitive market.
25
 ANNEXURE

Q.1 How to use to make your distribution?

Q.2 Name the distribution methods of your company?

Q.3 Which transport you prefer for your transportation?

Q.4 From where you get the raw materials for manufacturing?

Q.5 How many workers are mainly required for production?

Q.6 Which kind of difficulty you face during manufacturing?

Q.7 Which period is the recession period for your company?

Q.8 How you manage all the things when there is lack of raw materials?

Q.9 Which kind of skill you require to manage your company?

26
 BIBLIOGRAPHY

Books Referred:

Principles & Practices of management by Dr.R.L.Nolekha

Websites Referred:

www.plasticmouldings.com

www.milacron.com

www.explainthatstuff.com
27
28