PROJECT REPORT ON TURBO BEARINGS PVT. LTD.

INDEX
Particular 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. General Information Production Department Personnel Department Marketing Department Finance Department Swot Analysis Achievements Future Plans Suggestions Conclusion Bibliography Page No. 05 15 32 44 54 64 66 68 70 72 74

INDEX
1. 2. 3. 4. 5. 6. Company Profile History of The Company Location of The Company Organization Structure Size And Form of Organization Time Keeping System

COMPANY PROFILE
Name of Company Address : Turbo Bearings Pvt. Ltd. : Plot No. 250, Q-Road, G.I.D.C. Aji-2, Rajkot 360 003. Telephone No. : 97-281-2389092, 2389087, 238959, 2389592 Fax No. E-mail Website : 91-281-2387735 : info@turbobearings.com : www.turbobearings.com

Establishment Year : 1988 Promoter : D. R. Patel, Paresh P. Patel, Kirit T. Solanki, J. P. Patel, R. P. Patel,
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Scale of Industry Total Employees Area of Unit Off Day Turn Over Bankers

: Middle Scale Industry : 170 : 11,000 sq. ft. : Wednesday : 15 Crores : O.B.C. H.D.F.C.

Auditor Certificate

: Y. C. Anadkat & Co. : The Company has been awarded An ISO 9001:2000 Certificate by B.V.Q.I.-LONDON.

HISTORY
Turbo Bearings Pvt. Ltd. Was started in Rajkot. D. R. Patel and Mr. Paresh P. Patel has Started TURBO. They have started Turbo Bearing Pvt. Ltd. With investment of Rs.3 crores. In beginning time of Turbo Bearing Pvt. Ltd. They were produsing only Tepered Roller Bearing. Now a day because of great relation and superior quality company produce many types of bearings and original equipment of many vehicles. And today because of excellent performance they have lots of satisfied customers in india as well as international market. There was tremendous progress of Turbo Bearing Pvt. Ltd. During 1991 to 1994. And they expand their business in international market.

LOCATION OF THE COMPANY

Location of unit is most important for company. Because company start all activity from location and growth and development of any company is largely depend upon location. Location must be selected after long thinking because it is life long decision. Company has to consider following factors at time of selecting location. Easy availability of raw material Transport facility Cheap power and fuel Cheap and skilled labours Easy and cheap finance State help Turbo Bearings Pvt. Ltd. Has ideal location. It is located in Aji industrial area. Which is near to the highway and company can get raw material, transport facility, power and fuel, labours, finance easily. It is in G.I.D.C. area so that company can also get government help.

GENERAL ORGANIZATION STRUCTURE

M.D. Joint M.D. Works Manager Supervisor Engineers Supervis. Marketing Executive Worker Assistants General Manager Finance Manager Director Exise Purchase Officer Supervisor Store

Accountant Dispatch Assistant Officer Assistants Admi. Assistants Supervisor Personnel Officer Assistants

SIZE AND FORM OF ORGANIZATION

Size of Organization: There are four size if business organization. Small Scale Industry Large Scale Industry Giant Scale Indutry If starting investment of company is less than 1 crore then it is consider as small scale industry. If it is 1 crore to 10 crores then it is consider as middle scale industry. If it is 10 crores to 100 crores then it is consider as giant scale industry. Turbo Bearing Pvt. Ltd. Was started with starting investment of 3 crores so that it is consider as middle scale industry. Form of Organization: There are three type of organization. Sole proprietorship Partnership Company Turbo Bearing Pvt. Ltd. Is private limited company.

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TIME KEEPING SYSTEM

Time is most important for everyone. Time never stop for any one We should use our time properly. Turbo Bearing Pvt. Ltd. believes that every work should be done in time. It believes that work which is done after definite time period. Turbo Bearing Pvt. Ltd. is very strict as far as time is concern. In Turbo Bearing Pvt. Ltd. there is card system. Everyone has to write their entry time and leaved time. General Shift of company is as under. Morning Shift Recess Afternoon Shift Night Shift : 8:00 A.M. to 12:00 P.M. : 12:00 P.M. to 2:00 P.M. : 2:00 P.M. to 6:00 P.M. : 6:00 P.M. to 6:00 A.M.

Morning shift and after noon shift are compulsory. And night shift is for over time. This system is quite helpful them to cunt wages of employee.

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OBJECTIVE
Each and every organization has one common objective and that is profit. Turbo Bearing Pvt. Ltd. has also the object of profit but it is in proportion. Objective of Turbo Bearing Pvt. Ltd. are as under. To get reasonable profit Create more and more customers and satisfy them Try to improve every next production Maintain international Standard

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13

INDEX
1. 2. 3. 4. 5. 6. 7. 8. Introduction Organization Chart Product of The Company Raw Material Used In Process Production Process Purchasing Decision Quality Policy Quality Control

14

INTRODUCTION
Production is the heart of any industry. All the activities start with production in the company. It is necessary that production department run effectively and effectively. Because, if company runs production effectively and effectively then company can run other activety forward. Production is an organized activity of converting raw material in to final product. Every process of converting raw material in to final goods is known as production process. In Turbo Bearings Pvt. Ltd. Mr. Dineshbhai Patel is the head of production department. He looks after every activity of production. He looks after every activity of production department very effectively and efficiently.

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ORGANIZATION CHART
M.D. PRODUCTION MANAGER

ENGINEER SUPERVISOR

QUALITY CONTROL DEPARTMENT R&D

WORKERS

DEPARTMENT

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PRODUCT OF THE COMPANY

Turbo Bearing Pvt. Ltd. was start with producing taper roller bearing, but now a days Turbo Bearing Pvt. Ltd. is producing many bearing product. Product of Turbo Bearing Pvt. Ltd. is as follow. Tapered roller bearing Cylindrical roller bearing Needle roller bearing Spherical roller bearing Clutch bearing Thrust bearing Deep groove ball bearing Four point contact bearing Turbo Bearing Pvt. Ltd. is also producing original equipment of three wheeler & tractor, diesel engine, machine tool, agricultural equipment.
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18

RAW MATERIAL USED IN PROCESS

For each and every product there are some materials which are transferred in to the final product it is known as raw material for that product. Production is start with raw material. Turbo Bearing Pvt. Ltd. uses steel as a raw material to produce bearing. They use only SAE 52100 steel as a raw material. Turbo Bearing Pvt. Ltd. purchases the raw material from: Rajkot city Rajasthan Maharashtra

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PRODUCTION PROCESS
Raw Material Forging Annealing Turning Heat Treatment Grinding Super Finishing Oiling Assembling Packing Dispatching

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PURCHASING DECISION
In the business unit purchasing decision is also a decision which requires long thinking. Because company should purchase goods at that time when they can purchase at lower rate and working capital is not be invested for long time. In Turbo Bearing Pvt. Ltd. purchasing decision are taken by Mr. Dineshbhai K. Patel. They purchase raw material at that time that company can not delay in production process and working capital is not be invested for long time. They take purchasing decision considering following details. Stock of finished goods Order by distributors Stock of raw material

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QUALITY POLICY

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QUALITY CONTROL
Turbo Bearing Pvt. Ltd. is very conscience about quality of product. They use latest machinery and equipments for best quality. Metallurgical Laboratory

Turbo Bearing Pvt. Ltd. is well equipped with chemical analysis laboratory for analyzing the chemical composition of prime raw material SAE-52100/100Cr 6 steel. Main function of laboratory is to verify the chemical composition of SAE-52100/100Cr 6 steel as per IS/ISO norms. They are using the raw material of balls and rollers SAE52100/100Cr 6 steel from worlds best steel making plants
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like DAIDO-JAPAN, ASCO Metal-France, WillairesBrazil or equipments and prime SAE-52100/100 Cr 6 steel for bearing races. Metallurgical Microscope

Metallurgical microscope Olympus CK 40M (Japan) make. It is one of the latest microscope of OLYMPUS-Japan make. It is used for checking the microstructure of bearing components. By this equipments, They are maintaining consistent quality of microstructure as per standard norms in prime raw material as well as in heat treated rings, roller & balls. It leads to improve the bearing performance. They are using STAHL-EISENPRUFBLATT 1520 (SEP-1520) German chart for checking microstructure as. Spheroidize structure Amount of perlite
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 Micro inclusions Carbide network Carbide streaks (bandings) Micro Structure

As per Indian and international bearing standards the grade of bearing steel is SAE-52100/100 6 which is being used by Turbo Bearing Pvt. Ltd. Before using bearing steel as their raw material, they make it sure that micro inclusions, micro cleanliness and microstructure of bearing components are maintained as per standard specifications to ensure the long life of bearings.

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Talyrond

Talyrond Talyrond Hobson Ltd. (U.K.) Make. It is the best quality measuring instrument. It is used for checking the roundness, squarness, concentricity and coaxiality of bearing and components, which ensure the running accuracy and long life of TURBO bearings.

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Form Talysurf

Form Talysurf FTS 50- Taylor Hobson Ltd. (U.K.) make. Form and surface finish measuring instrument is being used for checking the micro geometry, it evaluate parameters like form geometry and surface finish of components. Also they are using this instrument for improving the quality and verifying their product with standards. It is also useful for R & D works as they can modify from of races & rollers to enhance performance of TURBO bearings.

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Bearing Noise Level & Vibration Tester

This important testing instrument is used for checking the noise & vibration of Tapered, Cylindrical, Spherical roller bearings, Anguler contact ball bearings and deep groove ball bearings. This instrument is used for updating the quality of TURBO bearings.

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29

INDEX
1. 2. 3. 4. 5. 6. 7. 8. 9. Introduction Organization Chart Recruitment & Selection Training & Development Wages & Salary Administration Facilities Provide To Employee Promotion & Transfer Employee Record Bonus

30

INTRODUCTION
In business every activity are done by man. Manpower is most important power in every organization. It is necessary that to use manpower in such way so that maximum outcome is possible. There is need of personnel management in an organization to get maximum output. Personnel management is planning, organizing,

directing and controlling of procurement, development, compensation, integration, maintenance and separations of human resources to the end that individual, organizational and social objectives are accomplish. -Flippo In Turbo Bearing Pvt. Ltd. Mr. P.D.Gandhi is head of personnel management. Their work as a personnel manager is very nice. Because he never gives any chance of arising problems.

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ORGANIZATION CHART
M.D. GENERAL MANAGER PERSONNEL MANAGER

CLEARK COMPUTER

TIME KEEPER

RECEPTIONIST OPERATER

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RECRUITMENT & SELECTION

Recruitment:
Recruitment is the process of searching for prospective employees and stimulating them to apply for job in the organization. There are main two sources for recruitment. Internal Sources External Sources Turbo Bearing Pvt. Ltd. adopt both the type of sources for recruit person. For unskilled worker they use internal sources they get unskilled workers on reference of current or previous workers and for skilled workers and official staff they use external sources, they give advertisement in NEWS PAPER and recruit employees.

Selection:

33

Selection means to choose qualified persons out of all. Turbo Bearing Pvt. Ltd. has they own system to select an employee. They arrange interview, take test according to post, and then they select right job.

TRAINING & DEVELOPMENT

Training & development is necessary for every worker. Workers can improve their capacity through training for getting work efficiency and effectively company should provide training to every worker. Turbo Bearing Pvt. Ltd. gives training to worker by two method. On the job training Off the job training On the job training: Through this method they provide training to workers. First, supervisor provides training to workers practically and observing that worker do works according to that. Off the job training:
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Through this method they provide training to office staff. They arrange lecture, conference or case study in factor premises or out of factory premise.

WAGES & SALARY ADMINISTRATION

Wages or salary are revolt of work for every employee wages or salary should be rational and enough for employees work. Basic purpose of wages and salary administration is to establish and maintain effective wage and salary structure. Proper and regular wages and salary helps to avoid industrial disputes, and increase moral of worker and efficiency of worker. Turbo Bearing Pvt. Ltd. give Rs. 80 to Rs. 90 to unskilled worker and Rs. 100 to Rs. 350 to skilled workers. They give wages on daily basis at the end of month. They give minimum 3,000 and above on the basis of the post of the employees.
35

Because of good wages and salary structure they never find any problem related to salary or wage.

FACILITIES PROVIDE TO EMPLOYEES

Employee and worker are main assets of an organization. To get more work and maintain their interest towards work, only salary is not enough to motive an employee. Turbo Bearing Pvt. Ltd. provides many facilities to motivate the employee. They provide following facilities to the employee. Canteen: Turbo Bearing Pvt. Ltd. gives facilities of canteen to the employees. They provide tea, coffee, snack, cold drink, lunch etc at reasonable price. They provide one cup of tea or coffee during every shift.

1)

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2)

Safety Equipment: Turbo Bearing Pvt. Ltd. is very

conscious for safety of employee. They provide helmet, goggle ,glow, aprons etc. on their job.
3)

Medical Facilities: There is a chance of accidents in factory. So that

Turbo Bearing Pvt. Ltd. provides them medical facilities. There is special room for first aid. Annual Bonus: Every year at a time of DIWALI they provide bonus to every employee and workers. Uniform: Turbo Bearing Pvt. Ltd. provides uniform every year. Every year two pairs of uniform are provided. To work man they provide strong cotton uniform.

4)

5)

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PROMOTION AND TRANSFER

Promotion: Promotion means to increase the authority and responsibility of an employee by increasing his post. An organization can give promotion by two ways. - On the basis of seniority - On the basis of performance Turbo Bearing Pvt. Ltd. gives promotion to the employee on the basis of performance because it is private company. If they will found the satisfied performance then they promote the employee. Transfer: Transfer means to change the work place of employee without changing his post, authority, responsibility or salary.

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In Turbo Bearing Pvt. Ltd. they transfer employees to other department if they needed, but transfer him to another place is not possible because they have only one premise.

EMPLOYEE RECORD
In organization employee are required to complete organizational goal and for that control over the employee is necessary. Organization must have necessary information about all the employees. In Turbo Bearing Pvt. Ltd. there is good system to record information about all employees. They have one file for every department. They record name and address, performance, presentation and other detail of every employee.

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PROMOTION
An employee has little incentive for development. If he has no opportunity to secure step by step promotion within the organization as far as possible. If any worker works properly and he has an extra skill for other work, company give him a promotion.

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41

INDEX
1. 2. 3. 4. 5. 6. 7. 8. Introduction Organization Chart Advertisement Channel of Distribution International Marketing Market Share & Competitors Pricing Policy Sales Promotion

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INTRODUCTION
Marketing is nothing but to try to people make aware about our product. Marketing is social and managerial process by which individual and group obtain what they need through marketing. The American marketing association offers the following definition. marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchange that satisfy individual and organizational goals. The marketing management represents the functional areas of business management for the flow of goods and services from producer to consumer. It looks after making system of the enterprise. Marketing management performs all managerial functions in the field of marketing. Marketing management is the art and science of choosing target market and getting, keeping and growing
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customers through creating, delivering and communicating superior customer value.

ORGANIZATION CHART
M.D. GENERAL MANAGER MARKETING MANAGER EXECUTIVE ASSISTANT DEALERS SUB DEALER

ADVERTISEMENT
Advertisement is tool by which sale can be increased it is in paid up form. Advertisement is differs from business to business. But it is inseparable part of business. Advertisement is one way communication between the
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producer and consumer. Now a day news paper, radio, television, hoarding etc. Are media of advertisement. Turbo bearing Pvt. Ltd. uses news paper, business magazine, hoarding as media of advertisement. They are very conscious as far as marketing is concert. They expend more then 90 lacks for advertisement purpose.

Channel of distribution
The company can not sale its goods directly to the customers, they need to create a channel is known as channel of distribution or market channel. It is set of

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interdependent organizations involved in the process of making product or service available for use or consumption. Marketing channel performs the work of moving goods of moving goods from producer to consumers. It overcomes the time, place and possession gaps that separate goods and services from those who needed or want them. Turbo bearing Pvt. Ltd. follows the following distribution channel to distribute goods to the customers. Manufacturer Dealer Retailer Customers

INTERNATIONAL MARKETING
Turbo bearing Pvt. Ltd. has satisfied customer in India as well in international market. They sales the product in many countries like.
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 U.K U.A.E SPAIN EGYPT KOREA BRAZIL TURKEY SRILANKA ARGENTINA WEST AFRICA BANGLADESH And in many more countries.

MARKET SHARE AND COMPETITORS

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Market share: Market share means the proportion of sale of companies goods, out of whole sale of same goods in a country, state or city. In total sale of bearing market, sale of Turbo Brand Bearing is more than 7 %, means company have 7% market share in bearing market. Competitors: In the market there are many companies which are producing same kind of goods. These companies are known as competitors of particular company. In case of Turbo bearing Pvt. Ltd. there are many competitors bearing in the market like: - SKF bearing - ABC bearing - AFC bearing

PRICING POLICY
Price is most important factor in a company, company should sale their goods at that price which includes all

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expenses and reasonable profit. Turbo Bearing Pvt. Ltd. includes following cost for decide the price of product.
1)

Raw Material Cost:

Turbo Bearing Pvt. Ltd. includes cost of raw material in price. They use steal as a raw material and cost of steal are included in price of bearing.
2)

Process Cost: In process cost Turbo Bearing Pvt. Ltd. includes electricity expenses, machinery exp. Wages exp. Etc.
3)

Marketing Cost:

Expenses which are done for the marketing or selling are to be included in marketing cost. Like, advertisement expenses, transport expenses and other selling expenses.
4)

Administration Cost:

Office expenses like telephone bill, stationary expenses etc. Are to be included in administration cost.

SALES PROMOTION
Sales promotion means to efforts to increase the sale. It is necessary today to increase the sale. It is part of
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marketing. In short it is extra facilities given to the customers. Turbo Bearing Pvt. Ltd. gives different schemes to the customers and they give bearing in various weight, price, and size to increase the customers and because of their efforts their sales to increased in last years. 2002-03 2003-04 2004-05 2006-07 2007-08 12,06,62,640 14,87,52,800 17,68,37,320 24,50,00,000 33,00,00,000

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INDEX
1. 2. 3. Introduction Organization Structure Sources of Finance
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4. 5. 6. 7. 8.

Finance Planning Working Capital Management Fixed Capital Management Profit and Loss Account Balance Sheet

INTRODUCTION
For utilization of different activity whatever amount is received from different sources is known as finance. Finance is lifeblood for any organization. According to S.C. Kuchhal Finance is pivot around which all the business activities revolved.

52

Finance management of management of finance refers to acquisition, utilization and maintenance of amount received from different sources to be utilizing in different activities to achieve certain objectives. Finance management is concern with the effective use of an important economic resources namely capital fund. -Soloman

ORGANIZATION CHART
M.D. FINANCIAL MANAGER
53

ASSISTNT MANAGER

FINANCE EXECUTIVE

A/C & AUDIT OFFICER ASSISTANT

SOURCES OF FINANCE
Sources of finance are that from which finance is come in an organization. There are many sources through which company can collect necessary finance. Generally there are two types of sources.
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 Internal Sources External Sources Turbo Bearing Pvt. Ltd. gets finance from self investment by promoters, reinvestment of profit as internal sources. And company collect finance from the bank loan, government help as external sources.

FINANCIAL PLANNING
Finance is that function of organization which should be used in proper way. There is always scare of finance in an organization. The financial manager should have planning of finance.
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In Turbo Bearing Pvt. Ltd. Mr. K.D. Badrakhia is head of finance department. He makes all planning of finance in Turbo Bearing Pvt. Ltd. He collects finance at lower rate and makes proper use of it. He records of finance and study the financial condition of Turbo Bearing Pvt. Ltd. He makes planning for both long term and short term.

WORKING CAPITAL MANAGEMENT

Working Capital, some times it called as net working capital. It represented by the excess of current assets over current liabilities and identifies the liquid portion of total
56

enterprise capital, which constitutes the margin of buffer for maturing obligation within the ordinary operating cycle of business. Working Capital is most important part of every business unit. These should be enough working capital in business. Generally working capital is considered as different between current assets and current liabilities. In Turbo Bearing Pvt. Ltd. they have ideal ratio of working capital as follows. Working Capital = Current Assets Current liabilities = 18,64,55,780 8,12,40,000 = 10,52,15,780

FIXED CAPITAL MANAGEMENT

Fixed capital is that capital which is used for long time period. This capital is not purchased for selling purpose but they are purchased to use it. Fixed capital include land, building, machinery etc. These all assets are purchased for
57

long time period. To keep it for long time and to use it in best way company requires to manage it. Turbo Bearing Pvt. Ltd. has fixed assets of Rs. 32,47,56,300 and they used it at best way. Turbo Bearing Pvt. Ltd. has adopted straight line method for count depreciation on fixed assets.

PROFIT AND LOSS ACCOUNT

Profit and loss account of year ending 31/03/05 Particular Amount Particular Amount

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Salary And Wages 7,08,35,600

66,12,000 GROSS PROFIT 45,56,200

Administration Exp. 1,22,06,000 Indirect income Advertisement Exp. NET PROFIT 7,53,91,800 92,87,000

4,72,86,800 7,53,91,800

BALANCE SHEET
Balance Sheet as on 31/03/05

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Liabilities

Amount

Assets

Amount

Owner Capital 32,77,56,300 General Reserve

14,88,68,000 Fixed Assets Current Assets 18,64,55,780

8,12,00,000

Secured Loan Unsecured Loan Current Liabilities Provision 51,42,12,080

12,60,56,000

5,56,26,000 8,12,40,000 2,12,22,080 51,42,12,080

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SWOT ANALYSIS

61

After gaining an enjoy in the customer home, small markets aim for space in the customer here to

SWOT MEANS:S W O T :- Strength :- Weakness

:- Opportunity

:-Treats

STRENGTH:Turbo Bearing Pvt. Ltd. have latest technology. Customer benefit is their profit. Innovation in technology is their buissness.

WEAKNESS:

Minimum employee in the firm is the weakly.

OPPORTUNTY:Expand their business in national and international level

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ACHIEVEMENTS
63

Turbo Bearing Pvt. Ltd. was start in 1989 and in 16 years they have achieve many targets which rarely by other company. Company was started with only one type if bearing and today they are producing many types of bearings. Company is also producing original equipments of other products. Turbo Bearing Pvt. Ltd. has been awarded for quality standard ISO 9001:2000 by BVQI-LONDON accreditation body and will soon get TS 16949 certificates.

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FUTURE PLANS
65

Turbo Bearing Pvt. Ltd. is progressive company. It export their product in many countries and it has following future plans. They have purchased a land in G.I.D.C. Metoda at Kalawad highway and they are going to set latest machinery and equipments over there. They have purchased another building in Aji industrial area, and they are going to start producing over there in short time. They are trying to increase market share in bearing market.

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SUGGESION
67

Turbo Bearing Pvt. Ltd. is well developed company and it is doing its job very well but after visiting Turbo Bearing Pvt. Ltd. I have minor suggestion in my mind. Company need to Start market and opinion of customers about their product Company need to increase advertisement and sources of advertisement Company need to increase sales promotion activities

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CONCLUSION
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After visiting Turbo Bearing Pvt. Ltd. I feel very glad that I had been part of it for sometime. This visit gave me much practical knowledge and a very good experience. The unit is also enquired with the latest technologies and modern machines. The staff workers are also well organized and co-operative. Looking to the units properly and orderly management, I would like to give my best wishes for each and every step they take for expansion and attaining a bright future.

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BIBLIOGRAPHY
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For general in formation

-

Companys Website www.turbobearings.com

For other information : Marketing Management -Philip Kotler Personnel Management -C.B. Momaria Principle And Practice of Management -L.M. Prasad Financial Management -Khan and Jain

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