Professional Documents
Culture Documents
INTRODUCTION
Zuari Agro Chemicals Limited was setup in 1967 to produce 220,000 tonnes of Ammonia & 340,000 tonnes of Urea in collaboration between the House of Birla & US steel corporations.
Annual Turnover:` 5, 52,283 lacs March 2012 Profit before Tax:` 29,911 lacs March 2012 Dividend:` 4.50 per equity share. Net Profit:` 16,688 lacs March 2012
PRODUCT MARKETING
Zuaris Jai Kisaan range of fertilizers is marketed in the five states of Maharashtra, Karnataka, Andhra Pradesh, Goa and Tamil Nadu through a network of 2500 authorised dealers.
Market Position The brand equity of the company is very high in the states of Goa, Maharashtra, Karnataka & parts of Andhra Pradesh.
CONTD..
Marketing Strategy Meetings Trainings Field demonstrations Crop seminars Visits to agricultural fairs & education through literature & audio visual aids.
believes in employee satisfaction & Engagement and believes in continuously evolving building new practices to develop the people and organisation. like:Canteen facilities Service Award Facilities for children and other facilities are provided to the employees.
Facilities
SWOT ANALYSIS
STRENGTH
Full range of Agri inputs needed by farming community, such as fertilisers, pesticides, micronutrients, speciality fertilisers, compost. Company is now regarded as one of the major suppliers of imported fertilisers in the country.
WEAKNESS
The company has to relie on imported products for raw materials. The import dues are more so the cost of the product increases.
CONTD..
OPPORTUNITIES
Government initiative in terms of increase in Foreign Institutional Investors (FII) will help the company by way of funds and accelerating its growth.
WEAKNESS
PORTERS 5 FORCES
THREAT OF ENTRY LIMITED Due to the government restriction the barrier to entry for urea is limited /under the control of the government BARGAINING POWER OF BUYERS LOW
The bargaining power of buyers is low as the rates of the fertiliser product are controlled by the government.
Rates are based on the guidelines fixed by the government, the bargaining power of suppliers is very limited.
CONTD
THREAT OF SUBSTITUTES LOW
Suppliers are less in number as compared to the demand for the fertiliser product
The fertiliser product is a bulky material required in huge quantities. Therefore the supply should come from the imports and the country is not self-sufficient. Thus the scope of competitive rivalry is limited for the fertiliser products.
PROJECT
PURCHASES
ACTIVITY
PROCESS
REORDER LEVEL OF
DOCUMENTS
INVENTORY INDENT PREPARED BY USER DEPARTMENT INDENT RECOMMENDED BY LIMITS OF AUTHORITY LIMITS OF AUTHORITY AUTH. APPROVE SCREENING COMMITTEE GRIN (SAP & HARD COPY)
PURCHASE PROCESS
PURCHASE DEPT
PURCHASE ORDER
DOCUMENTS
Documents
Received are:
Indent Purchase Order Bill Of Lading/ Air Way Bill Packing List Certificate of Origin Suppliers Challan Invoice Bill Insurance
CONTD
Documents MIRO Documents MIRO
Payment
request to Treasury
with the accounting sales and collection, sales related expenses like warehousing, freight, sales promotions, indigenous purchase of fertilisers, indigenous pesticides, imported fertilisers, data compiling, import payment and all work related to import of traded goods.
SALES
ACTIVITY PROCESS
I-NOTIFIER
DOCUMENTS
SALES ORDER
DOCUMENTS
Documents Received are: Stevedoring Bills Transportation Railway Freight Bills Material Handling Bills Warehousing Bills Custom Duty, Statutory Payments Sales Promotion Expenses, Advertisement Expenses Painting Expenses Credit Notes/ Debit Notes Credit/Debit Note Dealers Statement of Accounts (DSA) Overdue Interest (ODI), Prepaid Interest (PI) Pro-rata Report
CONTD
Documents Created are: Payment, Journal Vouchers Invoice Debit, Credit Note Subsidy Claim Bills
Documents Forwarded are: Payment Voucher Regions (16): Release Order Documents (ROD) Invoice Price Card
TREASURY DEPARTMENT
Treasury
department is into raising and realising funds. Payments are made on a daily basis. Nature of payments is monthly payments to suppliers, services provided towards purchase of assets.
Payment
PAYMENTS
ACTIVITY PROCESS
REQUEST FROM PURCHASE/OPERATION DEPARTMENT PROCESS SAP - BANK PAYMENT VOUCHER IS PREPARED COLLATES AND CREATE AN ENCRYPTED FILE UPLOADS THE FILE PAYMENTS ON THE HDFC E-NET VERIFICATION OF THE FILES TWO - AUTHORISATIONS CONFIRMATION PAYMENT PAYMENT CONFIRMATION MAIL SUMMARY OF PAYMENT - REPORT CHEQUE / DD REQUEST / RTGS LETTER BANK PAYMENT VOUCHER
DOCUMENTS
DOCUMENTS
Documents
Received are:
Documents
Documents
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department is into compiling all MIS reports (management information reports) accounts related to all departments.
Budget
Performance
Analysis Report (PAR) Calculation of actual usage ratios Statement of defective bags Administrative expenses Overtime report
CONTD
Analysis of sales data region wise Analysis of debtors Freight/ Reimbursement Rail and Road dispatches report Transit handling charges
compilation and finalisation of accounts is done in this department. It also looks after all the employee related expenses like salary, Provident Fund, Super Annuation Fund It also makes establishment and administrative payments like travelling and consultation expenses, and taxation i.e. tax audit, tax returns
SALARY
ACTIVITY PROCESS
SALARY MASTER
DOCUMENTS
INTER-DEPARTMENTAL MEMO
ATTENDANCE
SALARY PROCESS
STATUTORY DEDUCTION
CONTROL OF LEAVE
DISBURSMENT
DOCUMENTS
Documents
Received are:
Bills Documents Created are: Payment Voucher Journal Voucher (JV) Expense Voucher Documents Forwarded are: Payment Voucher Expense Voucher
RECOMMENDATIONS
All
import related documents which are office copies for e.g.. bill of lading, packing slips, etc. can be scanned and stored so that use of less files and space to store. with each individuals (Pertaining to his department records) for easily locating the files. request (f-47) is taken 2 copies, one is forwarded to Treasury and the other is filled within the department records. As there is a workflow, only a mail to Treasury department can be sent or in case Treasury department wants Hardcopy and at least ONLY ONE copy can be printed.
INDEX
Payment
CONTD
Company
can create more awareness about filing the LTA and Declaration forms online. If possible the vouchers generated can be printed both sides to save paper and easy filing of documents. More system driven workflow should be adopted rather than depending on hard copies.
LEARNINGS &CONCLUSION
LEARNINGS
Letter of Credit Procedure/ Process. Payments(Domestic ) Salary Process. Sale Procedure /Process. Investments made by the company in increase Funds. Flow of documents for payments. Overall working of Finance Division.
CONTD
CONCLUSION
After 3 months of exposure in Zuari Industries Limited I came to know the importance of finance playing an important role in the company. Without finance an organisation is incomplete.
Proper utilisation of funds. Utilisation of Financial data to its maximum. Formation of effective cost cutting methods.
REFERENCES
http://business.mapsofindia.com/india-industry/fertilizer.html
http://economictimes.indiatimes.com/zuari-industries-
ltd/directorsreport/companyid-12793.cms
http://duncansfertiliser.blogspot.in/2012/02/zuari-industries-
q3-fy12-results-net.html