An INTERNSHIP REPORT

ON

“An Organizational Study of

Bhumika Alloy Castings Pvt Ltd, Shimoga”

Submitted by
Praveen R
(4JZ17MBA31)

Under the Guidance of

Dr.B V Srinivasa Murthy Mr. Ashish T R
Assistant Professor Team leader Quality Systems
Dept. of Management Studies Bhumika Alloy Castings
J.N.N. College of Engineering. Pvt Ltd
Shivamogga–577204 Shimoga

To
VISVESVARAYA TECHNOLOGICAL UNIVERSITY
BELGAUM

In partial fulfillment of the requirement for the award of the Degree in

Master of Business Administration

Department of Management Studies

Jawaharlal Nehru National College of Engineering
SHIMOGA-577 204 (Karnataka)
Executive Summary :

Bhumika alloy castings Private Ltd, as it is popularly known as today India’s

foremost manufacturer of automobile components , metal gaskets, seat rings,
FC ports, Dental equipments, they make.

BAC’S valve seats are known for technical supremacy and have been the
first choice amongst all the major OEMs in India. Over 45% of its
production is exported to Britain, Canada, Germany, Holland, Italy,
Malaysia, Spain, Singapore, USA and goa .

The report is on the general study of working of bhumika alloy castings

pvt.ltd. Shivamoga and detailed analysis on the topic “Organisation Study”
And it was my good experience in industry.

Human Resource Management, in the sense of getting things done through

people, is an essential part of every manager’s responsibility, but many
organisation find it advantageous to establish a specialist division to provide
an expert service dedicated to ensuring that the human resource is performed
efficiency.

Organisation Study is an individual feeling. This could be earned by a

variety of factors. Organisation Study is a distribute on it refers to the
general attitude of workers towards their work.

This study is an endeavour to cover the employee Organisation Study

concept and the system which is being practiced in bhumika Alloy
Components Private Ltd, Shivamoga. Honest effort has been put in
preparing this report to know the real facts and depth of the topic.

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.

Chapter 1
INTRODUCTION ABOUT THE INTERNSHIP, INDUSTRY
PROFILE
1.1 Introduction of foundry industry :
Organization is setup by objectives, Rules and Regulation, policies. The term
organization indicates that control the overall activities of the company. And it is
the back bone of company for running successfully. Plan, control, place and
people are the elements of the organization. If the organization going well in the
company, the above elements are reason for the successful running of the
company. The organization builds good relationship in employees and company.
As we know that the employees are the basic used of any company. If the
company fail to maintain the relationship with employees the company might be
lose their business. So, that organization is a basic aspect of any company. The
term organization can be used in different sense, It can be used as a group of
persons working together or as a structure of relationship or as a processes of
management. Organization study is a field that investigates the impact that
individual, Group and structure have on behavior within organization for the
purpose of applying such knowledge towards improving organizations
effectiveness. Every organization consist of people. It is regarded as a collection of
interacting and interdependent individuals who work jointly under a group in order
to achieve certain common objectives.

This study is concerned to the “Organization Study on Bhumika Alloy Castings

Pvt. Ltd.,”. The foundry has full- fledged facility with Machine Moulding,
Material Handling and Pouring. The organization has more than 250 employees.
Organization is set up by Vision, Mission, Policies, Rules and Regulation.
Considering on human behavior plays important role in current organization

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management process. Organization study focuses on behavior issues beyond
working environment in organization. The internship study is helped for me to
know about the all procedure of the Organization. By doing this study, I learned
easily about organization that may be Human Resource, Production, Marketing
and Finance department.

Bhumika Alloy Castings is one of the leading foundries in Shimoga, Karnataka.

Having been into commercial production since 1997, Today the company stands
tall as reputed supplies of high integrity castings spearheaded by Mr. H.S Divakar
and his team of highly skilled foundry professionals, it serves diverse alloy steel
and nickel alloy castings needs of pump, valves and general engineering
industries. The company equipped with one number of 1000kgs connected to a
power pack of 450kw medium frequency induction furnace and one number of
150kg accessories with this company can produce quality casting weighting from
1kg to 1000kgs single piece. The entire operation of the company right from
placement of purchase order for raw material and consumables to invoicing of
materials manufactured by the company covering entire process has been
computerized in the process of company has developed good information
management system.

1.2 Objective of the Study

 To understand the concept of iron and steel industry in INDIA.
 To study the various functional departments of the company.
 To know the theoretical background of the organization.
 To evaluation the performance of the Bhumika Alloy Castings Pvt. Ltd.
 To analyze the implementation of McKinsey’s 7’s model.
 To evaluate the Strength, Weakness, Opportunities and Threats.

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1.3 Scope of the Study
The scope of the study is limited for studying of Bhumika Alloy Castings Pvt. Ltd.
Srirampura Village, Sagar road, Shimoga. For the period of 28 days and this study
tells us an overall view of organization and functions carried out by different
departments like manufacturing, human resources and finance etc.

1.4 Conclusion
Bhumika Alloy Castings is one of the leading foundries in Shimoga, Karnataka.
Having been into commercial production since 1997, Today the company stands
tall as reputed supplies of high integrity castings and team of highly skilled
foundry professionals, it serves diverse alloy steel and nickel alloy castings needs
of pump, valves and general engineering industries. Organization is setup by
objectives, Rules and Regulation, policies. The term organization indicates that
control the overall activities of the company.

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 Chapter 2
ORGANIZATION PROFILE

2.1 Introduction
In India the foundries are mainly contributing to the Indian economy. Steel is used
as a basic material in the manufacture of metal products, electrical machinery,
transport equipment, test tills and other machinery. India is currently among the 10
largest producers of ferrous and non- ferrous casting and regularly exports to the
US, the UK, Canada and Germany among others. India possesses an abundant iron
ores, which are considered as one of best in world, because of high iron content.

2.2 Background of Industry

Bhumika Alloy Castings is one of the leading foundries in Shimoga, Karnataka.
Having been into commercial production since 1997, Today the company stands
tall as reputed supplies of high integrity castings spearheaded by Mr. H.S Divakar
and his team of highly skilled foundry professionals, it serves diverse alloy steel
and nickel alloy castings needs of pump, valves and general engineering
industries. The company equipped with one number of 1000kgs connected to a
power pack of 450kw medium frequency induction furnace and one number of
150kg accessories with this company can produce quality casting weighting from
1kg to 1000kgs single piece. The entire operation of the company right from
placement of purchase order for raw material and consumables to invoicing of
materials manufactured by the company covering entire process has been
computerized in the process of company has developed good information
management system.

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2.3 Nature of Business :
Bhumika Alloy Castings Pvt.ltd.is engaged in the manufacturing of alloy steel
castings, special alloy castings, and low carbon steel castings accounting to
customer requirements. The installed capacity of the unit is 3000 tons per annum,
with a size range of 0.005 to 500 Kgs single piece. The melting process is done
through induction furnace and molding process by air set process with or without
carbon dioxide for process for baking.

2.4 Vision, Mission and Quality Policy

Vision
To achieve an international competitiveness through satisfaction of customer
needs by continuous improvement in the quality, cost and dispatch
Mission
 To meet the castings requirements of the country using latest state of the art
technology iron wide range of materials at competitive cost.
 Provide stable employment and development and highly skilled technical
labour and wide vender base
 Adopt environment friendly technology and create awareness on energy
conservation
 Serve the immediate community through welfare schemes.
Quality policy
“Bhumika Alloy Castings Pvt. Ltd committed in building world class
manufacturing process through best practices and deliver superior value
components to its customers and to provide timely delivery with assured quality”

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2.5 Product/Service Profile

Valve

We are instrumental in manufacturing and supplying high-grade Valve. The

Valves manufactured by us are highly demanded by the clients, owing to their
reliable performance and durable life. Valves that we provide are made from
premium raw materials, which are procured from well-known vendors in the
market. Our clients can avail these Valves at pocket.

A valve is a device that regulates, directs or controls the flow of fluid by opening,
closing or partially obstructing various passageways.
Centrifugal castings

Design one of the major manufacturers and suppliers of centrifugal castings in

India, the company offer a wide range of centrifugal castings to the clients.

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These centrifugal castings are skilfully engineered by our team of experts. The
centrifugal castings offered by us are available in different sizes and specification
as per the client¡¦s needs

Mechanical Gasket

We are instrumental in manufacturing and supplying high quality mechanical

gaskets. The mechanical gasketsoffered by are produced from top-grade raw
materials, in order to ensure superior quality and reliable performance. These
mechanical gasketsare efficiently used in diverse industries for different purposes.

Ni Resist

We are one of the major manufacturers and suppliers of Ni resist in India, the
company offer a wide range of Ni resist to the clients. These Ni resist are skilfully
engineered by our team of experts.

Ni Resist castings can be specified in either a Grey Iron base material or a SG Iron
based material. These materials have been developed to offer good resistance to

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sea water and alkaline corrosion, scaling resistance, thermal expansion, frictional
wear, oxidation, structural stability, cryogenic applications and erosion. Ni Resist
can also be used for applications where non magnetisable features are required.
FLOW METER

The company is ranked amidst the major manufacturers and suppliers of flow
meter in India. Our superior quality flow meters are made using advanced
technology and latest machinery, to ensure better performance and long lasting
functionality.

A flow meter is a device used to measure the flow rate or quantity of a gas or
liquid moving through a pipe. Flow measurement applications are very diverse and
each situation has its own constraints and engineering requirements. Flow meters
are referred to by many names, such as flow gauge, flow indicator, liquid meter,
etc. depending on the particular industry; however the function, to measure flow,
remains the same.
HINGES

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We are one of the major manufacturers and suppliers of hinges in India, the
company offer a wide range of hinges to the clients. These hinges are skilfully
engineered by our team of experts.

A hinge is a mechanical bearing that connects two solid objects, typically allowing
only a limited angle of rotation between them. Two objects connected by an ideal
hinge rotate relative to each other about a fixed axis of rotation. Hinges may be
made of flexible material or of moving components. In biology, many joints
function as hinges like the elbow joint.

Ring Joint Gasket

The company is ranked amidst the major manufacturers and suppliers of ring joint
gasket in India. Our superior quality ring joint gasket are made using advanced
technology and latest machinery, to ensure better performance and long lasting
functionality. These ring joint gasket are largely used in various industrial
processes. The ring joint gasket can be availed at the most competitive prices from
us.
These gaskets are made entirely of metal and relay on seating surface to
accomplish the seal. The metals own spring characteristics are utilized. The gasket
has metal wound outwards in a circular spiral with filler material wound in the

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same manner but starting from the opposite side. This results in alternating layer
of filler and metal.
Auto mobile components

We are instrumental in manufacturing and supplying high quality various

automobile components. The automobile components offered by are produced
from top-grade raw materials, in order to ensure superior quality and reliable
performance. These automobile components are efficiently used in diverse
industries for different purposes. Our automobile components is made available in
customized sizes as per the client¡¦s requirements at competitive prices.

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Our certification
 ISO 9001: 2008 CERTIFIED from BSI group India

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 Moving towards TS16949 for automotive components from BSI group India

2.6 Ownership pattern

1. H.S. Diwakar managing director .
2. H.D. Deepak ,director - technical department .
3. K Chandrashekar general manager – operations .
4. K G Praveen manager – production(IC) .
5. Sudhir T hedge manager – finance.
6. Sidhramappa manager – quality.

Managing director

General Manager

Personnel and administration Department

Production manager H R Manager Financial manager

Supervisor Assistant’s Manager Asst. Manager

Worker Worker Clerk

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2.7 ACHIEVEMENTS / AWARDS IF ANY :
The company has registered the following achievements over the years:

• Best Quality Supplier from Deutz, Germany .

• Export Excellence award for four times.

• SSI Gold award from Government of Karnataka for six times.

2.8 FUTURE GROWTH AND PROSPECTS :

The 4th quarter results of financial year 2015-16 are encouraging. The
developmental work taken for Turbo charges part specially for nuzzling,
insert turbine and bushing of Honeywell is complete and the company is
looking forward for a growing business in the coming years. Mean while
TEL (Turbo Energy Limited) developmental work for adjust ring and other
parts have shown significant improvement.

The investment made for TEL products are still underway. The expenditure
for the expansion as on date exceeds Rs. 3.00 crores. Borgwarner of
Germany has shown good interest in procuring bushing and four parts
submission warrant has been accepted by them .

The anticipated Turnover from bushing will increase to 2.9 lakhs bushing
per month by the end of next year (2015-16). The automobile industry in
general is recovering from the recession and expected to give a good boost
for the product of the company in coming years.

Growth and Development of the organization :

Bhumika valve seats are known for technical super macy and have be to
first choice amongst all the major OEM in India over 35% of its production
is exported to various countries like Britain , Canada, Germany , Holland ,
Malaysia , Spain , Singapore and USA .
Totally it is spread over 2.5 acres of with an annual turnover of 15 million
rupees. The history of BAC is stringent quality commitment and customer
satisfaction had been the at most goal.

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2.9 Conclusion
Foundry is a factory which produces metal castings from either ferrous or non- -ferrous
alloys Metals are turned into parts by melting the metal into a liquid, pouring the metal in
a mould, and then removing the mould material or casting. The most common metal
alloys processed are aluminium and cast iron. However, other metals, such as steel,
magnesium, copper, tin, and zinc, can be processed. Melting of metal in cupola furnaces
is the most energy intensive operation in a foundry unit. The table below provides an
estimate of the distribution of energy consumption in the foundry process.

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 CHAPTER 3
MCKINSEY’S 7S FRAME WORK
3.1 Introduction
The 7-s Model is better known as McKinsey’s 7s framework. This is because of
two people who developed this Model, Tom Peters and Robert Waterman, have
been consultants at McKinsey’s & Coat the time. The model starts on the premise
that an organization is not just structure, but consists of seven elements.

The 7s Model is a tool for Managerial analysis and action that provides a structure
with which to consider a company as a whole so that the organizations problems
may be diagnosed and a strategy may be developed and implemented the 7s is a
framework for analyzing organizations and their effectiveness. It looks at seven
key elements that make the organizations and their effectiveness.

3.2 MCKINSEY’S 7S STRUCTURE

STRUCTURE:
The structure of the organization is democratic. Major decision however is taken is
at top-level management of the company. For analyzing and for taking decision

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the top management will consult the functional managers and the lower level staff.
Performance of various tasks in departments will be assigned to its functional.

STRATEGY:
By fixing the competent value, they attract the suppliers and customers by offering
the competent. By purchasing the more raw materials they keep continuous
production. They try to meet the customers demand as early as possible.

At Bhumika Alloy castings they present their faith, they believe their core values.
They strive towards the achievement of their customer satisfaction, to provide safe
working environment, working condition, to maintain discipline at all level, to
provide a friendly, congenial working atmosphere, employee satisfaction to the
maximum. Their main concern is for their employees and their welfare. Equal
importance is given for the environment protection and towards production.
To serve as an instrument of the national to achieve self reliance in the design,
development and Quality Production of Bhumika alloy casting. Products to meet
the customer¡¦s changing and growing needs
 In fulfillment as this objectives, the company shall regard itself fundamentally
responsible design and developments, relying however on such relevant
facilities as are available in other National institution but always holding itself
basically responsible for the growth.
 To conduct its business economically and efficiently that it contribute its due
share to the National Efforts to active self reliance and self causing economy.
 Towards this end to develop, maintain an organization which will rapidly
respond to and adopt the changing Matrix as socioeconomic relationship and
where in a climate as growing technical competence. Self discipline mutual
understanding deep commitment and sense of Bhumika Alloy casting. On
goingness will be fostered and each employee will be encouraged to grow with
accordance to his potential for the furtherance as organizational goals.

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SYSTEMS:
The company partially computerized. Production department depends upon the
manual work. Office work is computerized. An organized purposeful structure that
consists of interrelated and interdependent elements (components, entities, factors,
members, parts etc.). These elements continually influence one another (directly or
indirectly) to maintain their activity and the existence of the system, in order to
achieve the goal of the system.

All systems have

 Inputs, outputs and feedback mechanisms,
 Maintain an internal steady-state (called homeostasis) despite a changing
external environment,
 Display properties that are different than the whole (called emergent
properties) but are not possessed by any of the individual elements, and
 Have boundaries that are usually defined by the system observer

It is required Top-level management has the ability to engage all work groups in
coordinated manner, which enhances productivity in all departments.

The stores Department in Bhumika Alloy casting follow the Codex system (Coded
Control system). A card is maintained for each item and a number is allotted. The
card is attached to each article consists of amount balance, date of issue, purchase
etc. this is later recorded in separate ledger book. The inventories are of different
kind ranging from mechanical, spares, packing items etc.
 This department has the following services
 It tries to maintain maximum and minimum level of inventory

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 Ordinary and locally available commodities are maintained at minimum
possible level.

STAFF :
The company is having highly qualified and skilled staffs working together to
achieve the organizational goals. The company is covering its marketing activities
with general manager, assistant manager, supervisors and employees. The staff
have been recruited through predefined process, selected, and observed through
training. In co. there are 80 regular employees excluding executives and other
officers, supervisors and clerical staff

The staff deals with the various personnel policies followed by the organization
Personnel Policies:
There are around 80 employees working. There are various policies followed. The
Administrative department forms the policies.
 Recruitment and Selection:
 Due to registration, termination, retirement and transfers the concerned
department head will give the manpower requirements along with the job
description.
 The manpower sourcing is done through manpower consultant, and
employment exchanges and personnel reference

Promotion:
Promotion is on the basis of seniority.

SKILLS :
The company is having number of skills Labours, which jointly and effectively
produce the end results. Most of the employees are multi skilled; this makes the
company working without any interruption. The supervisions in the production

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department are having a positive attitude to motivate the workers to achieve the
organizational goal.

The middle level management both inside and outside the company is highly
dedicated. All the middle level management people are skilled and are capable of
taking decision whenever

1. ADMINISTRATIVE SKILLS:
The administrative skills are managing the resources of the organization,
communication skill, management information system, leadership quality which
are necessary office staff. The Bhumika Alloy casting is evaluated and select
suppliers based on their ability to supply product, which meet the specified quality
requirements. The organization training to all the personnel in the company
Maintain records coordinates with different functional heads in identifying the
training needs and prepare training schedule. The company gives on the job
training in every month. After the training the HOD¡¦S observe the training
effectiveness and give correct comments for their effective work.

2. TECHNICAL SKILLS:
Technical skills are directly concerned with the production activity smoothly. The
Bhumika Alloy Casting gives importance to their technical skills and knowledge,
personality, qualification etc. the company improves the employees efficiency and
knowledge of work. So it requires the different training programs in all levels
especially Technical skills. The personal also attend some guest lecturers
programs. It is helpful to get update their knowledge in industry level. The
company identifies the training needs and gives to all employees. After the
training HOD¡¦s Observe the changes in the effective work of the employ. Then
file it in a record of the company.

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3. TECHNICAL STAFF:
These are the Staffs they are responsible for the Work related to technical aspect in
this Company 3 they are appointing Well qualified and Experienced persons as
technical staff

These are the distinctive competencies that are present in the organization it is the
design and development of products quality and service or viability of product.
The employees in this organization also have all the distinctive skills that are
required for the undertakings of research and development activities. The
Bhumika Alloy casting is improving the employee¡¦s skills and techniques through
motivating them and giving proper training to them also through giving proper
working condition.

STYLE :

The company is following the participative and social type of leadership in which
all the level of managers interact with each other for achievement towards the goal
and report to the higher officials. Manager¡¦s work together as team to solve
today¡¦s and tomorrow¡¦s problems in a significant manner
 Bhumika Alloy casting has top to bottom or top down style system.
 The style of organization is authoritarian. It means management cadre follows
authoritative.
The indicators of the style are:
 Follows rules and orders
 Reliable and dependable

SHARED VALUES:
It refers to a ¡§set of values and aspiration that goes beyond the convention formal
statement of corporate objectives¡¨. Shared values are the fundamental ideas

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around which a business is built. They are its main values the broad motions of
future direction that the way the top management as a team wants to express itself.

The core or fundamental values that are widely share in the organization and serve
as guidelines that are important, these values have great meaning because they
focus attention and provide broader since of purpose.

The values of the organizations are

1) Customer Satisfaction.
2) Commitment to total quality.
3) Costs and time consciousness.
4) Innovative and creative.
5) Trust and team spirit.
6)Respects for individually.
7) Integrity

3.3 Conclusion
The 7s model is better known as Mckinsey 7s this is because the two persons who
developed this model, tom peter and waterman, have been consultants at Mckinsey and
company at that time. They publisher their 7s framework in their article “structure is not
organization” (1980) and “in search of excellence” (1982). The model starts on the
premises that an organization is not just structure, but consists of seven elements.

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 CHAPTER-4
SWOT ANALYSIS

4.1 Introduction
The SWOT analysis provides information that is helpful in matching the firm
resources and capabilities to the competitive environment in which it operates as
such, it is instrumental in strategy formulation and selection and it also provides a
scan of the internal and external environment of the strategic planning process.

Environmental factors internal to the firm usually can be classified as strength or

weakness and those external to the firm can be classified as opportunities or
threats such an analysis of strategic environment is referred to as SWOT Analysis.

Strength :

Strength is defined as the positive attributes of the organization, which are within
the organization control. Such as, technical and experienced manpower, improved
infrastructure, efficient market network, well planned layout, automated and
highly sophisticated machines and major customers are educational
 The company has adopted latest technology for production activities the
machineries are well equipment
 Maintaining quality standard.
 On time delivery of product.
 The company have good relationship between employer and employee
 The company protects employees by giving safety equipments.
 Easy availability of raw material.
 The Company has financially sound.

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Weakness :
The property of lacking physical or mental strength liability to failure under
pressure or stress or strain his weakness increased as he become older the
weakness of the span was overlooked until it collapsed.
 Lack of marketing actives.
 Less publicity.
 Lack of facility like canteen.
 The company doesn’t have own brand product.

Opportunities :
The property of lacking physical or mental strength liability to failure under
pressure or stress or strain his weakness increased as he become older the
weakness of the span was overlooked until it collapsed.
 By maintaining its quality of products, the company can enter different foreign
markets.
 Competitive environment calls for improvement and increase in productivity.
 Skilled man power & Established process Standards.

Threats :
Positive or negative aspects of the external & internal environmental, that is under
the direct control of a firm or a decision maker.
 Changing in preference of customers.
 Many competitors are entering to the market.
 Government policy towards the manufacturing industries imposing
environmental pollution restriction.

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4.2 Conclusion
The SWOT analysis provides information that is helpful in matching the firms
resources and capabilities to the competitive environment in which it operates as
such, it is instrumental in strategy formulation and selection and it also provides a
scan of the internal and external environment of the strategic planning process.
Environmental factors internal to the firm usually can be classified as strength or
weakness and those external to the firm can be classified as opportunities or
threats such an analysis of strategic environment is referred to as SWOT Analysis.

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 CHAPTER 5
ANALYSIS OF FINANCIAL STATEMENT

Bhumika alloy casting pvt ltd shimoga

( Balancesheet for the year ended )

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Summary of the Annual Report:

Particulars 31.03.2013 31.03.2014 Previous Previous year

year 31.03.2016
31.03.2015
Total income ( 3977.52 4148.36 4784.21 4489.21
including
interest and
other incomes)

Profit before 995.16 1016.86 1107.25 1144.19

depreciation
interest and tax

Interest 156.16 197.67 235.93 192.41

Depreciation 145.97 150.23 224.65 242.25
Profit before 693.09 674.34 646.67 709.54
Tax
Provision for 230.00 208.41 220.57 234.82
tax ( income
Tax ,FBT and
wealth tax)
Deferred Tax 22.77 50.68 13.33 17.48
Profit brought 196.26 126.41 63.28 31.48
forward last
year
Dividend and 269.17 231.24 335.70 334.28
tax there on
Transfer to 195.00 200.00 100.00 150.00
general reserve

Profit carried - - 31.48 4.44

forward to
next year.

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 Balance Sheet as at 2016 ( Amount in Rs. )

Particulars 2013 2014 2015 2016

I . Source of funds

1 . Share holders
Funds : equity share 856.44 916.44 1147.73 1339.02
capital Reserves and surplus profit and loss A/c 231.58 368.46 265.36 197.03
2 . Loan funds:
Secures funds 1359.69 1816.92 1410.54 1770.98
Unsecured loans 235.00 218.00 135.50 166.64
Deferred Tax liability 96.67 147.35 160.68 178.16

Total Source of funds 2779.38 346.18 3119.82 3651.84

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II . Application
of funds.
1. Fixed assets 1423.60 1690.70 2190.52 2378.80
Gross Block
Less :
Depreciation 706.74 855.03 1132.13 1111.81
Net Block
Capital work in 716.86 855.03 1067.39 1266.98
progress - - 32.03 56.71
2. Investment 540.60 632.29 444.14 505.74
3. Net Current
Assets, Loans
and Advances
Inventories 633.66 752.82 844.08 808.18
Sundry debtors 784.07 969.60 7001.01 10240.11
Cash and Bank 10.22 14.55 250.09 271.99
balance
Other current 396.87 692.22 272.75 394.33
assets , loans
and advances
Sub total 1824.84 2429.21 2066.94 2498.62
Less : Current 253.04 404.38 486.90 407.83
Liabilities and 49.87 25.960 70.40 117.62
provisions
Net current 1521.92 1999.21 1509.63 1973.16
Asset
Miscellaneous
expenditure 00 00 00 00
( To the extent 18.7 44.0
not written off )
Total 2779.38 3467.18 3119.82 3651.84
Application of
funds

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Ratio Analysis & Interpretation:

1.Current Ratio = Current Assets

Current
liabilities

(Amt in lakhs)

Particulars 2013-2014 2014-2015 2015-2016

Current Assets 1824.84 2066.94 2498.62

Current 430.00 557.31 525.45

Liabilities

Current Ratio 6.17 3.71 4.75

Interpretation:
Current ratio in the year 2013-14 it was 6.17 and as on 2014-15 it was 3.71 and as on 2015-
16 it was 4.75. however the current ratio is less 2:1

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2. Quick Ratio:
Quick Assets

Current Liabilities
(Amount in
lakhs)

Particulars 2013 -2014 2014-2015 2015-2016

Quick Assets 1349.50 1191.07 1901.90

Current 503.74 302.92 430.00

Liabilities

Quick Ratio 2.67 3.93 4 42 .4

Interpretation
Quick ratio in the year 2013-14 it was 2.67 and as on in the year 2014-15 It was 3.93 and as
on 2015-16 it was 4.24. however company has increased liquid assets to fulfill short term
obligations .

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3.Current Assets to Fixed assets Ratio :
Current assets

Fixed assets

(Amount in lakhs)

Particulars 2013-14 2014-15 2015-16

Current 35211.13 3508.42 3482.79

assets

Fixed 1571.89 1922.42 2334.37

assets

Ratio 22.4 1.83 1.49

Interpretation
Current assets to fixed assets ratio in the year 2013-14 it was 22.4 and as on 2014-15 it was
1.83 and as on 2015-16 it was 1.49. however company fulfill the short term obligations.

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 CHAPTER 6
LEARNING EXPERIENCE

The internship at Bhumika Alloy Casting Pvt. Ltd, Srirampura was a rewarding
experience. The In Plant training under go by the period of twenty eight days,
where I have learnt so many things about organization. I reported technical
director of the Foundry, Bhumika Alloy Casting Pvt. Ltd, who gave instructions
on how to behave in the factory premises and instructed me to follow the rules and
regulations of the organization. The most significant lesson, that I have learnt from
the organization, is employees are the most valuable assets of the organization and
it is very important to keep them satisfied within the overall limits, set by various
guidelines and also by maintaining set standards of discipline.
Being in the organization for twenty days In Plant training, I came to know the
following:
 Managerial knowledge such as planning, organizing, directing, controlling and
decision making
 Production process of the manufacturing of the Casting Steel Iron
Components.
 Knowledge of rules, regulations, polices, procedures, etc. of the company,
which will guide in the work flow.
 By this organization I came to know how to motive, counsel and lead the
subordinates.
 Human resources skills, which indicate ability to deal with subordinates in a
human approach to their problem, develop personal support and team spirit.
 I also came to know about the importance of all the departments and functions
through studying about the administrative department. So I come to know

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about the various administrative procedure and how this department
administrating the organization.

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 BIBILOGRAPHY
BOOKS
 Philip Kotlar , ‘Marketing management’, Millennium edition, 2006
 Maheshwari S.N, (1997), ‘Financial Management Principles and Practice’,
Sultan Chand & Sons New Delhi.
 Ashwatappa. K, ‘Human Resource Management’, 8th Edition, Himalaya
Publishing house
 K Ashwathappa, K Shridhar Bahia, ‘Production And Operations
Management’, (2nd revised edition, edition 2014), Himalaya Publishing
House.

REPORT OF THE COMPANY

 Company Report

WEBSITES
 http://www.bhumikacastings.com
 http://www.indianfoundry.org
 http://www.google.com

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