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1

INDEX
SR NO. TITLE PAGE NO.
1 General information
2 Personnel & Administration
3 Finance
4 Marketing
5 Conclusion

SKYLEAD GROUP OF COMPANY PVT. LTD.


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GENERAL
INFORMATION

SKYLEAD GROUP OF COMPANY PVT. LTD.


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GENERAL INFORMATION

Name: Name of company is the identify of the company as it is a baby


created by law. The name of the company is Skylead Group Of
Company, which includes the following companies.

1. Skylead Chemicals
2. Skylink Chemicals Ltd.

ADDERESS: CURVEY NO: 315


BHAVNAGER SIHIR ROAD
NAVAGAM (KARDEJ)
VARTEG (364060)
GUJRAT, INDIA.

PHONE NO: (91278) 2540237


(91278) 2540238

FAX NO: 91278445099


91278445323.

SKYLEAD GROUP OF COMPANY PVT. LTD.


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REGISTERD OFFICE
MANGAI SINHJI MAHAL
MANGAI SINHJI ROAD
BHAVNAGER 364001
GUJRAT, INDIA.

MANAGING DIRECTOR:

SHRILOKENDRASINH.C.RAOI.

BANKERS: SBS

MAIN PRODUCT:
DCBMS
NA-SIPA

WORKING HOURS:
(1) 7am to 3pm
(2) 9am to 5:30pm
(3) 3pm to 11pm
(4) 11pm to 5am

GENERAL INFORMATION

SKYLEAD GROUP OF COMPANY PVT. LTD.


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INDEX

SR NO. TOPIC PAGE NO.

1. INTRODUCTION

2. PROFILE

3. HISTORY OF
DEVELOPAMENT
4 SIZE OF ORGENIZATION

5. TIME KEEPING SYSTEM

6. INFRASTRUCTURE

7. INVIRONMENTAL
AWARENESS

GENERAL INFORMATION

SKYLEAD GROUP OF COMPANY PVT. LTD.


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INTRODUCTION
SKYLEAD GROUP OF COMPANIES consist of Skylead
chemicals Ltd., Skylink Chemicals Pvt. Ltd. & Ambika Chemicals
Pvt. Ltd. M.D. of this company is Mr.L.C.Raoi supported by his better
half Mrs.M.L.Raol.

The company posses a technologically advance & well-


equipped quality assurance laboratory that maintains international
standards as per excellence. Today their multipurpose their processing
facilities are consistently undergoing improvement & expantion of
new technologies, equipment & prodict.

Overall 180 people works for the clock in Skylead group of


companies spreaded in 30 acres. The group manufactures many
product but their main products is 5-sodiosulpho isophthslic acid & 5-
sodiosulpho dimethylisopthalate.

The greatest strength of Skylead group of companies is 30


scientist of whome 3 are Ph.d 10 are Ms.c & rest are chemistry
graduates. They have 6 engineers besides 3 M.B.A in marketing
department & administration.

ORGANISATION CHART

SKYLEAD GROUP OF COMPANY PVT. LTD.


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M.D.CHAIRMEN


DIRECTOR


FUNCTIONAL MANAGER


OFFICER & SENIOR EXECUTIVE


JUNIOR EXECUTIVE


COMP. OPERATOR/STENO-TYPIST


CLARK


PEON

PROFILE OF THE COMPANY


M/S Skylead chemical were incorporated as a private ltd. Co on
31.oct.1995 to manufacture chemicals. The company stsrted

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commercial production in the last quarter of 1986-87. initially the co.


was in manufacture of various types of bromides.

On 16 jan.1995 the co. was converted into public limited


company & fresh certificate of incorporation of changed name of co.
was obtained from the register of companies in 1996. The made issue
of share in month of march. An approximate share of NRI in
company’s total share is 25%.

Ina view of increased capital based & substantial enhancement


in to fixed assets block of the company it was considered necessary
that the co. has to diversify itself in to the high valued based monopoly
product. Thus co. diversified in manufacturing of monopoly products
& started producing specialty chemicals meant for export only.

M/S Narchem consultant Pvt. Ltd. Of Bombey, the technical


advisor of the co. should diversify in to Isophthalic acid based
derivatives, of which there were no manufacturers in India. And the
demand of such derivatives in international market was quite &
substantial. Dr. J.J.Nerukar of Narchem consultant the Pvt. Ltd. Was
also on the board of Skylead chemical Ltd. & therefore the co. did not
have any problem with establishing the manufacturing process &
finding reputed buyers in the international market at the reasonable
good price for such diversified product.

HISTORY AND DEVELOPMENT


The company was primarily started in year 1985 to take the
benefit of new location and the firm was named as Skylead chemicals
Pvt. Ltd. After the passing of some time J.K.synthesis provided
Skylead with technical know how to produce D.M.S salt & production

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was started accordingly. They started producing Bromine compounds


since 1982.

The Construction of present site was started in 1985 to take the


advantage of new location. As a result of new product. The old
product Bromine compounds was shifted in second new plant & it was
named as SKYLINK chemicals Pvt. Ltd. Hence, simultaneously the
production was on it’s way.

After two years AMBIKA Technochem Pvt. was established.


Letter, management desided to stop production of D.M.S-salt and
decided to produce monopoly products DcBMS & Na-SIPA a Skylead
& Skylink.

During the journey from quality chemicals to Ambika


Technochem Ltd. & directors also go on changing. First Mr. Kantibhai
got detached & present chairmen Mr. L.C.Raol joined the director
body latter on MR. K.K.Patel & Mr. Yashdharbhai also resign from
directorship & Mr.J.J.Nerukar joined the group.

SIZE OF UNITY
The size of the unity is determined through the capital
investment it makes while lunching the business. The size of the unit
can be of three types i.e. small scale, medium scale & large scale.

SKYLEAD GROUP OF COMPANY PVT. LTD.


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The co. is said to be small scale if it’s investment is less than


Rs.60 lacs. And it is said to be medium scale if it’s investment is under
3 corrodes. A company is said to be large scale if it’s investment is
more than Rs.3 corrodes.

Skylead group of companies had made investment of Rupees 8


corrodes in it’s capital. It have working capital of Rs. 4.5corrodes the
co. mostly exports its product.

The company posses almost all the quality of large scale


industry and therefore Skylead group of companies can be called large
scale industry. It’s production is also on large scale because these
company has the monopoly in production of specialty chemicals

TIME KEEPING SYATEM

Time keeping system is nothing but the records of various


aspects like attendance keeping system, various shifts of employees in
an organization etc.

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ATTENDANCE RECORD AS FOLLOWED BY


COMPANY

A punching card is kept with each & every employee. This card
is punched each and every day by the security when the employee
enters in the company. An employee is allowed to late for maximum 3
days. And further if ha remains absent then his half leave is considered
and when his leave gets completed then his salary is deducted
accordingly.

VARIOUS SHIFTS OF EMPLOYEE IN COMPANY

In Skylead group of companies there are three or four shifts


1. 7am to 3pm
2. 3pm to 11pm
3. 11pm to 7am

 General shift is 9pm to 5.30am

INFRASTUCTURE

Infrastructure for any company means the creation or


availability of those things that would help in production and
facilitates it’s employee in proper working. There are various

SKYLEAD GROUP OF COMPANY PVT. LTD.


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infrastructure that directly or indirectly help in production. Few of


them are maintained below.

POWER SUPPLY

The company has various highly qualified automatic machines.


This machines requires high amount of electricity to work & the
company gets if through PGVCL i.e. PACCHIM GUJRAT VIDDUT
CORPORATION LTMITED.

WATER SUPPLY

The company also have large water requirement. And in order


to meet this large requirement company has it’s own Borewell.

TRANSPORTATION

The company is having very good locality. The place where it is


situated is highway & therefore it has very easy transportation facility.
Any person weather he is customer or visitor can easily find the
industri though he might have visited therefore first time. Therefore
the transportation cost of company is decrease.

ANVIORNMENTAL AWARENESS
Organization is an inseperale part of organization. It has very
crucial roal to play in a society, it gives several benefits to society. In
addition to all these benefits it provides, it also creates environmental
disorders by creating pollution in an atmosphere.

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Almost all the industries add to the population but chemical


industries are said of cresting maximum pollution industries,
nowadays undertakes various activities in order to protect
environment. This environment awareness is not found in all the
industries.

Skylead group of companies is aware of their environment


responsibility. It takes due care that environmental disorder should not
be created due to their negligence on various experimental &
production process of various chemicals. Due to their environmental
awareness & due to the care taken by them, the Skylead group of
companies has been given ISO-9000-2001 certificate.

In addition to these Skylead group is also the member of


chemixcel. It is also given DNB certificate from Neatherland. This
certificate is given to the company who follows quality management
system. For this certificate the company has to undergo for audit
system every 6 month.

All the certificate given to Skylead shows that it is an industry


which so not create environmental imbalances & it fulfills its
responsibility towards environment in a well manner.

SKYLEAD GROUP OF COMPANY PVT. LTD.


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PERSONNEL
AND
ADMINISTRATIO
N DEPARTMENT

PERSONNEL AND ADMINISTRATION


DEPARTMENT INDEX

SR NO. PARTICULAR PAGE


NO.

SKYLEAD GROUP OF COMPANY PVT. LTD.


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1 Introduction
2 Organogram
3 Recruitment, Selection &
Induction
4 Training
5 Promotion & Transfer
6 Performance appraisal
7 Griviences Handling
procedure
8 Handling absenteeism
9 Wage & Salary Administration

10 Attendance Record
11 Working of E.S.I & Provident
fund
12 Bonus
13 Collective Bargaining
14 Trade Union
15 Working Of Security
Department
16 Required qualification Of
Employee In Company
PERSONNEL AND ASMINISTRATION
DEPARTMENT

INTRODUCTION

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The principal of an component of an organization is its hunan


resource or people at work. It is the human resource that is of
paramount importance in the success of any organization, because
most of theproblam in organization is human problem.

The management of man is very importance & challenging job.


If we split the word management as MANAGE, MAN, T, it may be
defined as to MANAGE MEN TACTFULL. The management
therefore is aware of not only the organizational but also the
employee’s need. Thus, personal management is an instrument to
achive the goal of both the individual & organization.

If human relation are not handled with care it may create an


organizational problem. Therefore, we can say that personnel
management is concerned with handling human resource with care,
tactfully & in a scientific way.

In order to carry out the administration of human resource the


personnel manager needs to posses certain qualities. The concept of
personnel management in India is as order as the system of kings &
minis.

ORGANOGRAM OF PERSONAL &


ADMINISTRATIVE DEPARTMENT

SKYLEAD GROUP OF COMPANY PVT. LTD.


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S.E.V.P

PERSONAL
MANAGER

OFFICER/SENIOO ADMINISTR
R EXECUTIVE ATIVE
OFFICER

JUNIOR OFFICER

COMPUTER
OPERATOR

CLERK

PEON

IMPORTANCE OF PERSONAL
DEPARTMENT

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Rapid industrial development determined the value of human


resources. While other physical resource were given undue
importance, resulting in the new human problem in industries. In order
to solve problems personnel management assigned a vary important
role to play.

Labour being an important factor of production needs


motivation & proper guidance from the side of management to get
desire results. It is the task of the management to deal with the human
force efficiency and to lead the work properly and in right direction.

IMPORTANCE OF PERSONNEL
DEPARTMENT

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Rapid industrial development determined the value of human


resources. While other physical resource were given undue
importance, resulting in the new human problem in industries. In order
to solve these problems personnel management assigned a vary
important role to play.

Labour being an important factor of production needs


motivation & proper guidance from the side of management to get
desired result. It is the task of the management to deal with the human
force effectively and to lead the work properly and in right direction.

RECRUITMENT
Recruitment is discovering of potential applicants for actual or
anticipated organizational vacancies. The purpose of recruitment is to
locate sources of manpower to meet the job specifications.

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Recruitment has been regarded as the most important of


personal & administration department, because unless the right types
of people are hired, even the best plans, organization chart & control
system would not do much good. In other words, it is a linking process
bringing together those with & those sinking jobs.

Various company follows various recruitment method. It


depends upon the company’s recruitment procedure & company’s
recruitment policy also. some of the companies gives priorities to
external sources while some gives to internal sources. Skylead group
gives importance to both the sources.

SOUCES OF RECRUTMENT FOR


COMPANY

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There are various sources of recruiting the employee. Skylead


group of companies follows pear group method for recruitment. Pear
group refers to the reference of exiting employee of unit.

Skylead group of companies do not depends mercly on one


source of or recruitment. It also sicks the help of employment
exchanging order to choose best candidate. This is however not the
end. Many times they even visit to universities in order to find fresh
candidate. In addition to these, they also place advertisement, arrange
for campus interview. They also try to get employees through
employment consultancy.

Skylead group of company also maintains a data bank I.E. a


kind of fil in which they have the records of various applicants. They
also refer to this data bank. But, the mximum weightage for
recruitment. Given by them is on reference of the employee.

SELACTION PROCEDURE OF
EMPLOYEE

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The selection procedure is concerned with securing relevant


information about an applicant. This information is secured in a
number of steps or stages. The objectives of selection procedure are to
determine whether applicant meets. The qualification for a specific
job and to choose the applicant who is most likely to perform well in
that job

Selection procedure is essentially a series of steps. In Skylead


group of companies following format of selection is followed.

First of all company receives the bio-data of applicant, then it


fix the data of interview & send call latter for interview to an
applicant. Then interview is held out. Interview may be oral or written.
For fresher candidate both types of interview is compulsory. Short-list
is done after interview & candidate among the entire applicant is
choosed. The selected expectant is given offer to join the job. Then he
is recruited on the job. He join his job.

Then after induction & orientation of employee is done. He is


primarily hired on probationary basis & if he is good at his job is
confirmed & he may start doing his job.

INDUCTION

Induction refers to the proper introduction of the newly


employed in his respective department. Proper induction is necessary
so that the employee has not difficulties in his walking in his unit. He

SKYLEAD GROUP OF COMPANY PVT. LTD.


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is given the introduction about the company & the rules regulations
followed by the company.

TRAINING OF AN EMPLOYEE IN
COMPANY
Training is a process of learning a sequence of programmed
behavior. It is application of knowledge. It attempts to improve the

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current performance on the current job or prepare them for and


intended job.

An employee can current performance on job through effective


training. Training can be given to all categories of an employee. In this
company, every new employee is given training. The maximum
training period for each new employee is for 6 months. If necessary,
exiting employee are also given the training as per the recruitment of
the post trainee.

All the categories of employees in Skylead group of companies


are given training. The training given to the employees in this group
depends upon many factors as given bellow.
 Basic educational qualification.
 Job knowledge.
 General knowledge & awareness.
 Character traits & personality.
 Experience.

METHOD OF TRAINING

In Skylead group of companies, the training is given through


demonstration by their supervisors & seniors. The employees are also
provided the handbooks & the study materials as a training instrument.
The company also maintains the training records. They have system of
faculty feedback from, training evolution sheet & training report. The
training expense of the company is 1.5 per annum.

PRAMOTION & TRANSFER POLICIES


Promotion means an improvement in payment prestige,
responsibilities of an employee within his/her organization. Every
company has its own fixed policy regarding transfer & promotion. But
Skylead group of companies are a private company therefore there is
no fixed policies for transfer & promotion of an employee. It depends
totally upon the management & its perception.

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The companies do transfer of their employees from one unit to


another unit also depending upon the recruitment of the company.
Transfer is also done from one department to other department. For
example the employee of Skylead chemicals is done to Skylink
chemicals as per the recruitment.

Promotion is a important instrument for motivation. Promotion


means providing the existing employee of lower post with the higher
post. It satisfies the human need for status & recognition. And if the
employees in the organization are satisfied with their post &
recognition then their efficiency can increase. It provide re-orientation
to the employee.

Promotion in Skylead group of companies depends upon the


performance appraisal analysis. But, they are also granted on the basis
of seniority & merit of the employee. Thus it can be said that
promotion & transfer both collective depends upon the performance &
the requirement of the company.

PERFORMANCE APPRAISAL
Performance appraisal is a process of evaluating an employee’s
performance on a job in terms of requirement. The performance
appraisal is to done according to the policy of the company. Different
companies have different performance appraisal system.

In Skylead group of companies performance appraisal is done


according to the rating method. In this method every employee is rated

SKYLEAD GROUP OF COMPANY PVT. LTD.


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according to its capabilities & then based in it he is given the


promotion.

Skylead group of company follows rating because, this method


provides kind of scale of measuring absolute different between
individuals in respect of crucial job related factors like, quantity &
quality of work, co-operation safety etc.

Performance appraisal is done once in a year by a company.


Moreover the company follows performance appraisals perform. The
direction provided by performance appraisal is utilized as a strength to
correct the strength to correct the weakness of an employee.

Performance appraisal is given in different form in a Skylead


group of companies. It may be simply in the form praising an
employee or it may be also in form of providing promotion to the
employees. In Skylead group of companies mainly performance
appraisal are done on the basis of target achievements, achieved by an
employee. Rewards in form of performance appraisal are also based
on target achievement.

GRIEVANCE HANDLING PROCEDURE

Grievances are complaints, which the categories of an employee


have in a company. Various companies have various grievances
handling procedure. Many companies have separate department to
handle the grievances of the company.

Skylead group of companies do not have separate grievances


handling department. All the complaints are handled by the personnel

SKYLEAD GROUP OF COMPANY PVT. LTD.


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& administration department itself. This group of company follows a


direct grievances handling method because there are vary less
complaints & dispute in the company. All the department heads will
arrange to keep & maintain ‘‘grievance register’’ which contains the
detail of receipt of complaints, name of the employee, brief
description of complaint, readressal of grievance.

If at all any employee have any problem they can directly do &
meet to the head of personnel & administration department & the
problem is sort out over there. Of suppose if problem is very critical
then one can chief manager with written complaint containing all the
details. The chief manager will get the details entered in to the
register, will further inquiry into the matter, will hear the person
concerned and will discuss with department heads. If still the problem
is nit solved then one can go even to GM with CM who will read all
material in front of chief manager. The decision of CM is final &
binding to the concerned person.

Anybody having any problem can without any hesitation can


talk his problem to his departmental head. This company is having
employee friendly atmosphere thus employees can express their
grievances.

HANDLING ABSENTEEISM
Absenteeism means absence of an employee from work place
when he is scheduled to be work. Absenteeism adversely affects the
business of a company. And therefore there are several rules for
absenteeism in this company & each & every employee of the
company follows these rules.

None of the company can skip from these rules. All the people
in the company equally follow these rules, whether he is manager or a
supervisor a peon. Thus, the rules are equally applicable to all the

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people & their is no discrimination followed in these rules. Employees


of this company are given 36 paid leave including 12 paid leaves for
festivals, 7 sick leaves 21-privilege leave and 8 causive. Then too if
any absenteeism of any person is found then salary of the concerned
person is deducted proportionately.

If the person remains absent till half day then his salary is not
deducted but this continued.

For a long time his salary is been deducted.

WAGE & SALARY ADMINISTRATION


Wage & salary refers to the establishment of sound policies and
practices of employee compensation. The basic purpose of wage and
salary administration is to establish and maintain an equitable wage
and salary structure.

The development wage and salary administration has to be done


after the rate ranges have been determined. The wage policy of
different organization is different. Some of the unit pay high rate
because they think that by doing so they can attract the highest caliber
of the labour force.

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A sound wage policy is to adopt job evolution programmed in


order to establish fair differentiates in wages based upon differences in
job contents. Besides the basic factors provided by a job description
and job evaluation, those that are usually taken in to consideration for
wage and salary administration are,]
1. Organization ability to pay.
2. Supply and demand for labour.
3. The prevailing Markey rate.

SKYLEAD GROUP OF COMPANIES pay wages as per


minimum wages act.

This wages satisfies the labour & the owner of the company.

WORKING OF E.S.I. SCHEME


Government has passed various schemes to protect the right of
an employee of industrial worker. Worker of E.S.I. is also one such act
passed by government. In order to provide sickness benefit to workers.
Employee State Insurance Act was passed by government in 1948.
This act is applicable to all non-seasonal factories running with power
& employing 20 or more person. It covers all type of employees-
manual, clerical, supervisory & technical not drawing more than Rs.
2000 as a salary.

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This scheme allows 5 types of benefit to worker & their


dependent i.e. medical benefit, maternity benefit, disable benefit,
dependent benefit & funeral benefit.

The employees of Skylead group are not covered under E.S.I.,


but they are covered under oriental insurance as per the scheme of
workmen compensation act, 1923. The act provides for the
compensation to those employees who sustain personnel injuries by
accident arising of their employment. The act does not cover those
employees who are in clerical or administrative capacity in armed
forces on casual forces. State Government is empowered to expand the
application of the act.

The employer is liable to pay the employee in case if employee


meets with some accident causing disablement for more then 3 days.
However no compensation is paid if disablements do not last for more
than 3 days.

EMPLOYEE’S PROVIDENT FUND

Work this act passed in 1953 covering factories employing 50


or more workers in 6 major industries i.e. iron, steal, textile,
engineering, cement paper & cigarettes. These schemes are contribute
& compulsory. These scheme covers all the employees drawing a
salary of thousand or less & who has completed one year’s completed
service & actually for 240 days in a year.

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This scheme is a kind of saving scheme. The employee gets


these amount at the old age & up till that amount deducted off as a
P.F. is invested somewhere to get some profit.

Each & every employee of Skylead is covered under provident


fund scheme as per the act 1995 starting from 26, November.

In Skylead group provident fund to the employees is paid in


basic pay + dear allowance collectively. The rate of provident fund
provides is 12% on basic pay + dear allowance i.e. the minimum rate
of P.F. fixed by the government.

The minimum desirable services required in private


organization is of 10 years & the maximum age for provident fund is
50 years.

PROVISION OF BONUS

According to bonus law issued by the government all the


companies are required to pay bonus to it’s employee at least 8033%
of their salary. And following the law of government Skylead group of
companies pay 8.33% bonus to their employee.

Amount of bonus is something that is paid extra to them i.e.


employee. This amount is paid in addition to their salary. Bonus is

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provided once in a year to all the employee of Skylead group of


companies.

COLLACTIVE BARGAINING

As we know that there are large numbers of employee in


organization. There is vary much chances of arising of problems in an
organization. When any problem arises between the two parties i.e.
management & employee & if both the parties seat together and find
the solution of problem then these is called collective bargaining. Thus
collective bargaining means the agreement between the two parties.

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Skylead group of companies has an employee friendly


environment & therefore, generally no problem arises between the
management & the employees. Then too if at all any problem between
both the parties arise then both parties seat together and talk about the
problem and try to solve the problem. Thus Skylead group of
companies follows good management practices. Not only the company
but also the employee of the company follows good management
practices.

TRADE UNION

Trade union is define as ‘‘A continuous and voluntary


association of salary and wage earner and engaged in whatever
industry or trade formed for safeguarding the interest of it’s member
maintaining or improving the conditions, their location interest and
squiring better relation between them and their employees through
collective bargaining.

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In Skylead group of companies there is no trade union because


there is an employee friendly atmosphere in an industry. The entire
employee works together with co-operation, the relation between the
employee and management is also very co-operative. No employee
ever feels the need of TRADE UNION, they work together with very
peacefully.

WORKING OF SECURITY

Special security departments working under personnel &


administration department of Skylead group of companies.
The main purpose of security is to provide security to the company.

Security department is located on the main gate of the company.


There are 10 people working under security department. The groups of
person work for 24 hour in the company. 24 hour of working of
security department is the strength of the company.

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MAIN FUNCTION OF SECURITY


DEPARTMENT
 To take attendance while coming inside and going
outside.
 To check every person who comes in or goes out.
 To give get pass to every transport.
 To give information & visitor pass to visitors.
 If any worker misbehaves or takes out something or bring
inside then to inform personnel department about it.
 To check the attendance of the employee.

Every person in security department is provided uniform & it is


necessary for them to wear uniform while they are on duty.

NEEDED QUALIFICATION IN
COMPANY

SR CATEGORY QUALIFICATION
NO.
1 WORKERS/OPERATOR 8 TO 10

2 TECHNICIANS I.T.I.

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3 SUPERVISIOR (ENGE.)
 MAINTAINCE DIPLOMA
 PRODUCTION B.S.S., M.S.C., P.H.D.

4 OFFOCER POST GRATUATES+EXPRIANCE

5 DEPUTI MANAGER GRATUATION,POSTGRATUATUATE


+ 10 YRS. EXPERIENCE

6 MANEGER/SENIOR- MINIMUM 15YRS.EXPERIENCE +


MANAGER/DGM REQUIRED QUALIFICATION

7 G.M./SENIOR EX.W.P. MINIMUM,20TO30YRS.EXPERIENCE


OF SENIOR POSITION AND
REQUIRED QUQLIFICATION

EMPLOYEE WELFARE SCHEME

Company also undertakes various welfare schemes for the


employees. It has its own credit co-operative society. All the
employees of the company are its member. This co-operative society
provides loans to the employees whenever they need it. In addition to
this company also undertake many activities like flag hoasting on 15
august & 26 January. They also have scheme of suggestion in which
all the employees gives their opinion on various aspects. The company
also held slogan competition for the employees. They are provided
holiday on every festival.

SKYLEAD GROUP OF COMPANY PVT. LTD.


37

The company also sometime promotes the cricket. Once they


have sanded cricket team to England.

SAFETY EQUIPMENTS PROVIDED BY CO.

 MASKA
 ACID PROOF APRONS
 HAND GLOVES
 GUMSHOES
 SAFETY HELMETS

In addition to these, fire extinguisher of all the classes is placed


at the convenient places. Emergency showers are also installed. After
completing every batch of production plant is washed by clean water
and batch of product is started.

PERSONAL RESOURCES

The company maintains personnel record of each and every


employee. For recording all personnel records Company have
maintained a separated file which includes the personnel details like
the date of recruitment, the document showing the record of transfers
and promotion etc. in addition to these they also maintains the
personnel information about employee including the name & address
of the employee.

SKYLEAD GROUP OF COMPANY PVT. LTD.


38

All the works pertaining to the activities performed by an


employee during his stay in the company. The record of absenteeism
is also in this file, if the employee has taken any loan or advances are
also noted down in this file. All the records of the employee during his
work time is also noted down in these file.

SERVICSE PROVIDED TO EMPLOYEES


 The group has its own staff bus, which is used to peak and leave
to the employee from at the place, which are most convenient to
them.
 The group also has four cars for the conveyance of thrir
managers and executive.
 The group provides the flats for their employees.
 The canteen runs, which provides good quality meal at a
reasonable rate to the employees.
 Group also provides uniforms to the workers.

SKYLEAD GROUP OF COMPANY PVT. LTD.


39

FINANCE
DEPARTMENT

FINANCE

SR NO. TOPIC PAGE NO.


1 INTRODUCTION

2 ORGANOGRAM

3 CAPITAL STRUCTURE

SKYLEAD GROUP OF COMPANY PVT. LTD.


40

4 SOURCES OF FINANCE

5 CAPITALISATION

6 WOEKING CAPITAL MANAGEMENT

7 BANKERS OF COMPANY

8 OTHER INFORMATION

FINANCE

INTRODUCTION

Finance is the lifeblood of the business. No business can sustain


without it. Business requires finance for various purposes starting

SKYLEAD GROUP OF COMPANY PVT. LTD.


41

since its establishment till its closure. To understand financial


management of company we have to understand the finance function.

Finance function can be defined as procurement of funds &


their effective utilization in business. While financial management is
the application of the planning & control function. Financial
management is concerned with the financial operation & solution of
its problem.

There are various source of finance in business, but the business


uses those sources which are profitable to the business. There are
various financial functions undertaken by the company & for
undertaking these functions company requires a separate finance
manager.

The finance manager undertakes various activities related to


finance. These activities may be related to deciding about the sources
of finance or the area of investment etc. the responsibilities of
financial management are spreaded throughout the organization but
main aspects of finance are handled by finance manager.

Skylead group of companies also have their separate finance


manager & the matter related to finance are handled by them. Since
finance function is a major critical function area, the ultimate risk &
responsibilities for carrying out financial management function lies
with the top management i.e. Board Of Director.

Modern industry is a capital intensive that requires huge capital


investment for its function. And since Skylead group of companies is
also a capital-intensive industry is also required a huge capital
investment & therefore vary sound financial practices are followed in
Skylead group of companies.

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42

ORGANOGRAM OF FINANCE DEPARTMENT

SKYLEAD GROUP OF COMPANY PVT. LTD.


43

DIRECTOR

FINANCE MANAGER

ACCCOUNT DEPART,EMT

CAPITAL STRUCTURE

Capital structure refers to the composition of capital i.e. the mix


of sources from which the long-term funds require by business are to
be raised. The various sources of long-term capital are in the form of
equity share capital & various reserve fund & investment also
preference share capital.

The capital structure is said to be optimum when the real cost of


each source of financing is identified with an optimum debt & equity
mix, the cost of capital is minimum & market price per share is
maximum.

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44

Optimum capital structure is a theoretical concept; appropriate


capital structure is more realistic concept. And Skylead group of
companies is having an appropriate capital structure. It is composed of
two things i.e. ownership capital & debentures. Therefore, it can
further raise the funds as per his requirement.

The debt of company does not exceed the ownership capital of


the company. It also does not have fear of becoming insolvent because
more of the capitals are brought by the owners of the company & not
from creditor.

The present authorized capital of the company is 8 corrodes. At


the time of launching the company it was 3,60,00,000.

SOURCES OF FINANCE

Finance is the blood of the business. There are various sources


from where the business can get for carrying out various business
activities.

Company has several sources of finance. It can utilize the


source depending upon, its financial situation, nature of business, size
of business etc. the requirement of working capital is also the factor
determining the source of finance of a business.

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45

The source of financing the fixed capital is different & the


source of financing working capital is also different. Long term
securities of fixed capital is mostly ownership capital, while the short
term or working capital may be on credit.

In Skylead group of companies fixed was invested by the


owners & now for additional capital owners & other financial
institution jointly finance the company.

MAIN SOURCE OF FINANCE

 Ownership capital
 Plough back of profit
 Secured loans of financial institution

The Skylead group mostly gets the funds required by its owners.
Mr. L.C.Raol brings the additional funds required by the company.

CAPITALISATION

Under the practice of modern corporate finance, various


complications stand in the way of properly defining
CAPITALISATION. However, now, the others on corporate finance
have mode the meaning of capitalization. Now the term capitalization
includes capital stock of share is also now regarded as inseparable part
of capitalization.

 OVER CAPITALIZATION

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46

Whenever the aggregate of the par values of shares and


debentures outstanding exceeds the true value of its fixed assets, the
company is said to be overcapitalized. In addition to these if the profit
of the company is less then its investment than also the company is
said to be overcapitalized.

 UNDER CAPITALIZATION
A company is said to be undercapitalized whenever the
aggregate par value of shares & debentures outstanding is then the true
value of its assets. A company can also be called undercapitalized
when the income earned by the company is less ten then the
investment made by the company.

 FAIR CAPITALIZATION
A company is said to be fair capitalized if the aggregate of par
values of shares & debentures are equal to the true value of fixed asset
of the company. Skylead group of companies is fair capitalized
company. Because the income earned by the company is equal to the
true value of its asset.

WORKING CAPITAL MANAGEMENT

Working capital management involves deciding upon the


amount & composition of current assets and how to finance this
current asset. The greater the amount of working capital level
maintained, the a lesser the risk of running out of cash but profitability
will be less. In case of the lower level working capital profitability will
be greater but the risk of running out capital meet day-to-day
requirement will be more.

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47

Any business activity involves various operation & has to


maintain certain asset to carryout those operation successfully. To
asses the working needs of the firm, let us analyse, the operating cycle
of the firm.

The duration of time required to complete the various sties in


business activity is called the operating cycle of the firm.

There are three main stages involved in the above operating


cycle i.e. production, sales & cash. But, there is gap between these
stages operating cycle. Thus, the working capital to finance these
various stages of operating cycle. And adequate amount of funds has
to be invested incurrent asset for a smooth and interrupted production
& sales activities.

It is to difficult to determind the working capital requirement as


it depends upon various factors like credit policy, cash management,
inventory management.

FINANCING WORKING CAPITAL

Among the various sources of financing, the term has to identify


certain sources to finance its current assets. These sources can be
categorized in to long term & short term. The long term sources are
shares, debentures retained earnings debt from financial institution.
The short term sources are short term bank finance & commercial
papers.

SKYLEAD GROUP OF COMPANY PVT. LTD.


48

The Skylead group of companies gets its working capital mainly


in form of cash credit. Moreover the Skylead group of companies
takes loans from state bank of India for working capital. In addition to
these, company also gets working capital in form of bill discounting,
debtor of credit & Bank guarantee.

PROCUREMENT OF FUNDS
Working capital is secured against all the tangible asset &
movable assets like stock of raw material, finished goods stores etc
and is personally guarantee by the directors of the company.

CASH MANAGEMENT

Cash is the most liquid form of asset. It is vary crucial asset in


day-to-day business operation. It is basic required to run business at
the sane time it is also the basic output expected to be realized by
selling the product or service of a business. A firm has to maintain a
balance between vary high working capital vary low working capital.
The main characteristics of this asset are that this can be readily sold

SKYLEAD GROUP OF COMPANY PVT. LTD.


49

& converted in to cash. They are important to meet plan ed outflow of


funds.

Cash management is concerned with the managing of

 In to & out of the firm.


 Cash flow within firm.
 Cash balance held by firm at a point of time by financing deficit
or investing surplus.

The company has to maintain optimum cash balance which will


neither be excess or short.

The Skylead group of companies maintains the sufficient cash


balance to the daily requirements. They have increased their capacity
through proper collection of cash and proper disbursement.

INVENTORY MANAGEMENT

Inventory to as tock of raw material which business firm has to


maintain with them to meet unexpected circumstances. The
management has to decide the quantum the ideal size of stock that
they should maintain. If stock is higher the capital will be blocked & if

SKYLEAD GROUP OF COMPANY PVT. LTD.


50

it less it may result in a loss. Therefore inventory management is an


important aspect of financial management.

Inventory management assumes important because of that


investments in inventory constitute one of major investment in current
asset. The various forms in which a manufacturing concern may carry
inventory is a raw material, work in progress. Finished goods & stores
& supplies.

Skylead group of companies maintains the necessary amount of


inventory which is necessary. In order to earn maximum profit i.e. it
maintains optimum stock of raw material & for these they have their
own separate store department.

BANKERS OF SKYLEAD GROUP OF CO.


Company have borrowed loan from various banks. The
company has been able to get loans from various sources because of
their financial strength to repay loans & also due to their viable
financial structure.

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51

The company has been able to secure loans from below


mentioned banks.

 ICICI
 GIDS
 GSFC
 IDBI
 WIPRO FINANCE.

The main sources of loan of Skylead group of companies is

STATE BANK OF INDIA,


DARBARGADH,
BHAVNAGER.

SOME ACCOUNTS INFOEMATION

Authorized capital 8 Corrodes


Land & building 4 Corrodes
Machineries 12 Corrodes
Furniture & texture 30 Lacks
Fixed assets 12 Corrodes

SKYLEAD GROUP OF COMPANY PVT. LTD.


52

Issued Equity Share Capital 3.8Corrodes


Per month salary 10 Lacks
Working capital 4.5Corrodes
Creditors 2 Corrodes
Debtors 2 Corrodes

Trend of profit is fluctuating but since 5 years it is constant at


20%

The company follows straight-line method to calculate


depreciation

Expected profit of this year is Rs.40 lacks

SKYLEAD GROUP OF COMPANY PVT. LTD.


53

MARKETING
DEPARTMENT

MARKETING

INDEX

SKYLEAD GROUP OF COMPANY PVT. LTD.


54

SR NO. TOPIC PAGE NO.

1 INTRODUCTION

2 METHOD OF MARKETING

3 ADVERTISEMENT

4 PRISING STRATEGY

5 SUPPLIERS & CONSUMERS

6 COMPETITION

MARKETING

INTRODUCTION

Marketing is important function undertaken by the company.


The company does the marketing of their product in order to create a

SKYLEAD GROUP OF COMPANY PVT. LTD.


55

favorable market situation for the produced by them. It helps the


company to gain the leading position in its field, to create customers.
To make the consumer aware of the uniqueness of their product.

There are various ways of marketing. The can company opt the
method, which the company finds to be most profitable.

The company can go choose various media as criteria for


marketing. The company can give advertisement at different places or
it can adopt product promotion strategy. It can do anything that it finds
to be beneficial for the business of a company.

Skylead group of companies follows direct marketing strategy


because Skylead group is the only producer of
 5-sodiosulphoisophthalic acid (NASIPA)
 5-sodiosulpho Dimeththyl fsophthalate (DCBMC)
 5-lothiosulfoisophthalic acid (LiSiPA)
 5-sodiosulpho-BIS (B-hydroxy ethyl Isophthalate)
(SIPJE-40)

As a result the company is not required do mush in marketing.


Moreover the products made in this company are not consumer
goods they are producer goods. It is used as an intermediate in
production of several goods like textile auxiliaries, resins, as a
drug intermediate and as contrast medium etc.

The company is only manufacturer of specialty chemicals


and it has monopoly in its production. Thus, it dose not face
competition in Indian market. All customers of these products in
Indian Market get this product from this company. These groups
do industrial marketing.

Marketing in this group is done through territorial agents,


sending samples to prospective consumer internet marketing &
also they have their own website. It also participates in
international industrial fare held once in a year. Also many
times they give advertisements in professional magazines.

SKYLEAD GROUP OF COMPANY PVT. LTD.


56

Main reason of production is to sale the product and earns


profit out of it. The company can do direct as well as indirect
marketing for these. Direct marketing is one in which the
customers & the company directly comes in to contact make a
deal. Both type of marketing are valid. Skylead group of
companies does both the type of marketing.

Customer directly contact the company and inquiry about


the product. When the buyer is otherwise satisfied with the
broad terms conveyed by the seller and shows in interest in the
product and if his inquiry yields him satisfactory result then he
may ask the company for the sample of the product. The
company provides customer with the sample. Finally if he is
satisfied with the sample then gives the order in bulk & if not
then it depends upon him. The sample should be low in bulk.

MARKETING THOUGH TERRITORIAL AGENTS


OF THE COMPANY

The Skylead group of companies has their territorial


agents in different countries these agents also do marketing of
the company. The customer who needs the product of this
companies and if they lives in countries like U.S.A, Germany,
Italy, Korea, Japan, Israel, Norway etc. then they can contact
this territorial agents of skylead group of companies of that area
and though this medium they can contact the company.

Customer cam demand the sample of some product for


testing the product. These orders are on trial basis and are on
small quantity of the properly examining the sample is the
customers like it, then they give the final order to the company
through this agents.

MARKETING THROUGH INTERNET & WEBSITE

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57

Internet marketing is also developing area of industrial


marketing and skylead group of company also do their
marketing through internet. They have their own E-mail address
i.e. skylead@rediffmail.com. In addition to these they also do
their marketing through their website i.e.
www.skyleadgroup.com. These sources of marketing enhance
the industrial marketing of the company.

MARKETING THROUGH PARTICIPATING IN


INDUSTRIAL FARE

Every year there is industrial fare held somewhere in


world. This is an important place for each company to market
their product because at this place the product gets the global
market. Skylead group of companies participates in this fare &
properly utilize the opportunity of global exposure. Here, by
they come in to contact with various other companies who may
buy their product. As we know that this group service in global
market, they get their customer over there. And thus, business
between the two companies takes place.

Thus, Skylead group of companies follows direct


marketing strategy and they can be said of doing successful
marketing as they are able to influence & attract their customers
for a long run. Skylead group of companies export majority of
their specialty product in an international market & is compete
ting in international market is both in quality & price.

SUPPLIERS OF COMPANY

SKYLEAD GROUP OF COMPANY PVT. LTD.


58

SUPPLIERS IN INTERNATIONAL MARKET


 Lonza a multinational company of Singapore
 Some japanies companies also

SUPPLIERS IN DOMESTIC MARKET


 TMCC
 GSFC
 GNFC

CUSTOMER OF COMPANY
CUSTOMER IN DOMESTIC MARKET
 RAYMOND
 ZINDAL POLISTER
 CEDILA
 J.K.SYNTHETIC
 GARDEN

CUSTOMER IN INTER NATIONAL MARKET


 RICHMEN CHEMICALS OF U.S.A
 AVACIA OF U.K
 SOLUTIA OF GERMAN

Skylead group have Unmatched customer focus & the result of


this is the credit & goodwill of company in the market.

ADVERTISEMENT
Advertisement means to make the people aware of the things, in
the manner you want them to know. Due to special characteristic of
the product, the company needs not to advertise for it & therefore
skylead group do not have large advertisement budget.

The company sometimes gives advertisement in some specific


chemical; magazines or special import export magazines. The another
important source of advertisement is the chemical fare in which
company participate actively.

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59

PRISING STRATEGY

Pricing strategy refers to the factors on which the price of the


product depends. Thus, pricing strategy refers to various factors on
which the price of the product depends & there are various factors,
which influence the price of the product.

The price of product in Skylead group depends upon the cost of


raw-material, man-power, salary, wages & many other expense and
profit. Skylead group produce costly high valued product. The price of
product starts from 135 kg to 1500 kg. First n titles stage the company
produce only on small scale bases. After receiving approval to quality
of products as per international standards. The company has now
decided to undertake the major expansion programme basically to
meet the requirements of international giants.

COMPETITION
Competition is very important factor that plays important role in
survival or closer of a company. If the company has the ability to cure
of overcome competition. It can survive for a longer time.

The Skylead group has no competitor in India but they have


competitor on international bases, ail its competitors are generally a
multinational companies. As the multinational are large corporate
giants, they try to grab these types of domestic companies.

The major competitors of skylead are Dupont of U.S.A,


taekomoto & M.S.SANYO of Japan & many others, this multination
try to either take over the companies or propose the company for
collaboration with this unit and later they create the situation which
will lead small units towards financial crises & finally to liquidation.
Some thing happened with Skylead group corporate giant Dupont of
U.S.A had product collaboration with these unit but it did not worked
out so it has a break down leading to downfall of company but with

SKYLEAD GROUP OF COMPANY PVT. LTD.


60

the dedication, excellent afford and hard work of the company started
with new enthusiasm.

The government of India awarded L.C Raol with the national


award for his services to industry

ABOUT THE PRODUCTION


The company is manufacturing unit. And thus, this department
is considered as the most important department. Just as heart is the
main part of a human body that it should not miss its pulse so that the
human body keeps working similarly in the production department it
is necessary that the production department should be indulged in
production regularly so that the company can work smoothly. It is also
necessary to produce as per its capacity and best quality as per
requirement. As the production is the center of main activity for any
manufacturing organization, the production department is considered
as the most important department.

MAIN RAW MATERIAL FOR PRODUCTION

 Isophthalic Acid
 Oiium
 Methenol
 Caustic Soda
 LDO
 IPA

MAIN EQUIPMENTS USED IN THIS DEPARTMENT

 PROCESS VESELS
 STAINLESS STEEL VESSELS
 GLASSLINED REACTOR
 CENTRIFUGRES
 STAINLESS STEEL

SKYLEAD GROUP OF COMPANY PVT. LTD.


61

 RUBBER LINED
 MILLER

CONCLUSION

Skylead group of companies can be called proud of our nation


because it is only manufacturer of specialty chemicals in India. This
company product satisfies all the customers in our country in the field
of product it produce.

All the departments in this industry works with co-operation


and the industrial relation in this company is vary friendly. All the
process of production & management is working under the atmosphere
of peace.

The condition of company from management and society point


of view is very important as it provides employment to no. of people.
It is capital intensive industry but it gives due importance to human
resources also.

My experience at this industry was on of the most important


experience that I can ever get because this industry had make me
aware of the practical aspects of management in vary like manner.

SKYLEAD GROUP OF COMPANY PVT. LTD.