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LIST OF TABLES
INTRODUCTION
1. Industry profile
2. Company profile
3. Organizational structure
Functional departments
4.
4.1 Production
4.2 Marketing
4.3 Finance
4.4 Logistics
4.5 Stores
4.6 Human resource
4.7 Research and development
CHAPTER – 1
INDUSTRY PROFILE
EMERALD ENGINEERING COMPANY manufacture several kinds of stainless
steel screw, industrial brass rivets, steel rivet, copper rivet, aluminum rivet, brass screw, copper
screw and aluminum screw which are made of copper, aluminum, steel and brass With free
Sampling policy, our products are exported to international market and supplied to local market.
We follow strict quality measures and all the products are tested well before
dispatching for delivery. Our quality management policy enables us to achieve ISO and Onicra
experts who work with a set of adroit engineers under the inspection by our CEO Mr. Muthu
Kumar. His excellent skills and industrial experience make us sure to cater our range throughout
the domestic as well as foreign market including Kenya, Tunisia, Australia and Lebanon.
Product Profile
A Rivet is a kind of Fastener which has two ends, one is called buck-tail and the
other is called factory head. It is inserted through a hole and the buck-tail is deformed in order to
expand its diameter to hold the rivet in place; a Screw is a fastener having a thread in a spiral
form which can be inserted through an object by rotating. Our comprehensive range encompass
of stainless steel screw, industrial brass rivets, steel rivet, copper rivet, aluminum rivet, small
rivet, large rivet, clutch rivet, semi-tubular rivet, brass screw, copper screw and aluminum screw.
Some of the salient features of our rivets and screws are as follows:
Corrosion resistance
Durable
Precise dimension
High tensile strength
Manufacturing Facility
With the turnover of around 1 to 10 Million every year, we have equipped with
the latest technology, machineries and devices. We are completely dependent and capable of
producing 6, 60, 000 pieces every monthly. A 12,000 Square Feet area is available right in the
heart of the industrial City, Chennai, one of the four main cities of India.
Some of the machinery installed in our manufacturing unit comprises of the following:
Lathe machines
Welding machines
Cutting machines
Forging machines
CHAPTER – 2
COMPANY PROFILE
2.1 INTRODUCTION
EMERALD ENGINEERING COMPANY was promoted in the year 1984 for the
manufacturing of the textile spare but after two years, it had changed to manufacture of screws
and rivets. The company was started as a partnership firm with four partners.
In the beginning stage the company done business only at the local level, and it is
getting the orders from the companies in and around the Coimbatore.
The company is supplying its materials to the companies like Roots, Pricol, Texmo,
Textel etc.,
In the year 1994, the company was changed in to sole trader concern and it came into
the control of Mr. L. LAKSHMANAN. And he had done hard work for the development of the
company.
In the beginning the company was started with four employees and now there were one
Currently the company is doing business in and around Tamilnadu and has started
another plant in Coimbatore in the year 2006 for the better delivery of service to its customers.
The company is selling its products too many hardware shops and too many leading
companies in Coimbatore.
The Emerald’s growth can be attributed to the untiring dedication, hard work and
professional management of the promoters and executives ably supported by the team of
The company’s main production is screws and rivets which is used in the meters and
horns.
2.4 MISSION:
2.5 VISION:
Optimum use of R&D to improve quality and to give a better value for the money
of the customer
CHAPTER – 3
ORGANISATIONAL STRUCTURE
Mr.
Mr. L.L.LAKSHMANAN.
LAKSHMANAN.
(Managing Director)
(Managing Director)
Mr. L. SUBRAMANIAN.
Mr.RAMESH. Mr.RAMANATHAN.
(Production Manager) (Sales Manager)
Labour Labour
CHAPTER – 4
FUNCTIONAL DAPARTMENTS
4.1PRODUCTION DEPARTMENT
A business unit is established for the production and distribution of goods or services,
production management. Under takes planning, organization, direction coordination and control
of the production function be produced at the right time in right quantity and at the right cost.
PRODUCTION PROCESS
department. The finished goods of one production process are the put of the other production
process.
We manufacture and offer superior quality industrial rivets and screws using qualitative
raw material such as copper, aluminum, steel and brass in the production process.
Our comprehensive range of industrial rivets and screws finds their applications in
Some of our range of industrial rivets and screws encompass of aluminum rivets, copper
screw and aluminum screw manufacture and offer superior quality industrial rivets and
screws using qualitative raw material such as copper, aluminum and steel in the
production process..
Steel rivet is mechanical fastener which is used in automobiles and electrical Industries
for switches and relays. Steel rivet consists of a cylindered shaft with a head on one end.
leather items.
Aluminum rivet which are used to fix various types of products in several industries and
to fix joins. Our range of aluminum rivet comprises two different types of aluminum
rivets.
Small rivet having diameter under 1/2" (12mm). Small rivets are always furnished
Copper screw which have earned great accolades in various industries. Copper screw is
light as compared to steel and brass screws owing to this attribute it is widely used for
Aluminum screws are used for fashion, baggage industries and automobile sector. Some
Wire drawing
Heading
Cone punch Second punch Cutter
Slotting Tooling
Threading
Cleaning
Packing
4.2MARKETING DEPARTMENT
supplying their goods and services which can satisfy these works. It involves the
following activities.
Marketing me search to determine the needs and expect of consumers.
The Marketing department was created to report for strategic planners, international
marketing executives and export managers whose primary concern is the world market
for iron or steel unthreaded screws, screw hooks, rivets, washers, and similar articles.
With the globalization of this market, managers can no longer be contented with a local
view. Nor can managers be contented with out-of-date statistics that appear several
The report begins by summarizing the world exporter’s market for iron or steel
unthreaded screws, screw hooks, rivets, washers, and similar articles. The total level of
exports on a worldwide basis is based on a model that aggregates across over 150 key
supply-side dynamics, market shares by country of origin are then calculated across
each country market. These shares lead to a volume of import values for each country
The more requirements in the market for this kind of products. So it doesn’t need the
aggressive market. The market will reach the big company only from the order will be
mobilize and also this product required regular for their use. So order will be coming in
regular bases.
Pricol,
Financial management is that part of the management which is concerned with the
planning, directing and controlling of all activities relating to procurement and utilization of the
marketing activities. So finance is life blood of the company. In the company finance department
to organize financial activities may be created under the direct control of the board of directors.
In the department head is financial manager. The manager financial policy matters will be
decided by the finance committee while routine activities are delegated to lower levels.
The finance manager raise capital form capital market (i.e. shares, debentures, loan
from banks, financial institution and public). The manager already known as the capital market
completing firms function and how security prices are determined in the capital market.
The Company has started with the capital of Rs.1,00,000 only but now it has
more than 1,50,00,000 as its capital is increasing directly from the managing
director.
Fund arising from the operations are increasing during the year except 2009-10.The
liquidity of the company is decreasing. The average of liquid ratio throughout the
period is above the standard (1:1), which is good for the company.
Current assets are properly utilized to affect the given quantity of sales. The Gross
Profit ratio is good except the year 2008-2009.More fluctuations are found in Net
Profit ratio.
Though there is an increase in sales, it is not proportionate with the increase in fixed
assets. Inventories are cleared fast in the concern. Thus the inventory is managed
The debtor’s collection period is somewhat high; this indicates the receivable
management is not effective. The Gross Profit and Net Profit are increasing
throughout the study period. There is a steady increase in the sales of the company.
controls the efficient, effective forward and reverse flow and storage of goods, services and
related information between the point of origin and the point of consumption in order to meet
customer & legal requirements. A p professional working in the field of logistics management is
called a logistician.
The Chartered Institute of Logistics & Transport (CILT) was established in the
United Kingdom in 1919 and was granted the Royal Charter in 1926. The Chartered Institute is
one of professional bodies or institutions for the logistics & transport sectors that offers such
Third-party logistics
logistics activities that have traditionally been performed within an organization itself. According
to this definition, third party logistics includes any form of outsourcing of logistics activities
management systems (WMS) and warehouse control systems (WCS) can be significant. To put
it simply, the WMS plans a weekly activity forecast, based on such factors as statistics, trends,
and so forth, whereas a WCS acts like a floor supervisor, working in real time to get the job
five of SKU B, hours in advance, but by the time it acts, other considerations may have come
into play or there could be a potential logjam on a conveyor. A WCS can prevent that problem
by working in real time and adapting to the situation by making a ‘last-minute decision’ based on
current activity and operational status. Working synergistically, WMS and WCS can resolve
these issues and maximize efficiency for companies that rely on the effective operation of their
Business logistics
Business logistics can be defined as having the right item in the right quantity at the
right time at the right place for the right price in the right condition to the right customer and is
the science of process and incorporates all industry sectors. The goal of logistics work is to
manage the fruition of project life cycles, supply chains and resultant efficiencies.
In business, logistics may have either internal focus (inbound logistics), or external
focus (outbound logistics) covering the flow and storage of materials from point of origin to point
of consumption (see supply chain management). The main functions of a qualified logistician
each of these functions so that there is a coordination of resources in an organization. There are
two fundamentally different forms of logistics. One optimizes a steady flow of material through a
network of transport links and storage nodes. The other coordinates a sequence of resources to
In many industries (e.g. mobile phone) batch size one is the short term aim. This way
Logistics has been done through their own vehicles to the market and also they regularly
send the good to another part of India through private carrier only.
4.5 STORES DEPARTMENT
Store plays a vital role in the operations of a company. It is in direct conduct with the
user department in its day-to-day activities. The most important objectives of store are to
provide is located nearer to the production with to save material cost in as effective manner.
Management of receipts.
Documentation received.
Inspection of materials.
Codification of materials.
Stock vacation.
These stores thus get the raw material one after tools and raw punch through EOQ
(Economic Ordering Quantity) method and also by requires demand in the market.
4.6 HUMAN RESOURCES DEPARTMENT
future organizational requirements for both core employees and the contingent workforce in
terms of their skills/technical abilities, competencies, flexibility etc. The analysis requires
consideration of the internal and external factors that can have an effect on the resourcing,
development, motivation and retention of employees and other workers. The external factors
are those largely out-with the control of the organization and include issues such as the
economic climate, current and future trends of the labor market e.g. skills, education level,
government investment into industries etc. On the other hand internal influences are broadly
within the control of the organization to predict determine and monitor, for example the
Framework
adequate health and employment policies that ensures the continual improvement and growth
education”. Human Resources Development is the medium that drives the process between
processes, “with a specific learning objective” (Nadler, 1984). Within a national context, it
employment.
Structure
development, potentially satisfying the organizations, or the nation's goals. The development of
the individual will benefit the individual, the organization, or the nation and its citizens. In the
corporate vision, the Human Resources Development framework views employees, as an asset
to the enterprise whose value will be enhanced by development, “Its primary focus is on growth
and employee development…it emphasizes developing individual potential and skills” (Elwood,
Olton and Trott 1996). Human Resources Development in this treatment can be in-room group
training, tertiary or vocational courses or mentoring and coaching by senior employees with the
aim for a desired outcome that will develop the individual’s performance. At the level of a
national productivity.
Training
will prepare the individual to undertake a higher level of work, “organized learning over a given
period of time, to provide the possibility of performance change” (Nadler 1984). In these
settings, Human Resources Development is the framework that focuses on the organizations
competencies at the first stage, training, and then developing the employee, through education,
to satisfy the organizations long-term needs and the individuals’ career goals and employee
value to their present and future employers. Human Resources Development can be defined
simply as developing the most important section of any business its human resource by,
“attaining or upgrading the skills and attitudes of employees at all levels in order to maximize the
effectiveness of the enterprise” .The people within an organization are its human resource.
Human Resources Development from a business perspective is not entirely focused on the
individual’s growth and development, “development occurs to enhance the organization's value,
not solely for individual improvement. The broader concept of national and more strategic
countries face strong competition for their skilled professionals and the accompanying brain-
Recruitment
strategies which seek to identify and secure the people needed for the organization to
of the existing pool of employees has been enhanced through training, development and
Modern concept of human resources have been part of business and organizations
since the first days of agriculture, the modern concept of human resources began in
Responsibilities of Supervisor:
Maintain good union relations with two UAW locals and administer the union
contract.
The company has started with only the person now it has more than 100 people are they get the
R&D has a special economic significance apart from its conventional association
In 2006, the world's four largest spenders of R&D were the United States
(US$343 billion), the EU (US$231 billion), China (US$136 billion), and Japan (US$130 billion).
In terms of percentage of GDP, the order of these spenders for 2006 was China (US$115 billion
of US$2,668 billion GDP), Japan, United States, and EU with approximate percentages of 4.3,
belonging to companies, universities and state agencies. In the context of commerce, "research
technology, using similar techniques to scientific research without predetermined outcomes and
New product design and development is more often than not a crucial factor in
the survival of a company. In an industry that is fast changing, firms must continually revise their
design and range of products. This is necessary due to continuous technology change and
only produces goods that are known to sell. Market research is carried out, which establishes
what is needed. If the development is technology driven then it is a matter of selling what it is
possible to make. The product range is developed so that production processes are as efficient
as possible and the products are technically superior, hence possessing a natural advantage in
importance in the field of marketing where companies keep an eagle eye on competitors
and customers in order to keep pace with modern trends and analyze the needs,
Unfortunately, research and development are very difficult to manage, since the defining
feature of research is that the researchers do not know in advance exactly how to
accomplish the desired result. As a result, higher R&D spending and does not guarantee
The company will support the worker more and they pay more offers through the
company growth and they will give a special care to the employees.
CHAPTER – 5
The main problem facing by the company right now is the energy problem that is
electricity.
Lack of Raw material in the local market and its cost is high. The company is planning to
For industry new skilled labour are required but it not easy to get the employees.
For electricity problem they using generator to solve but the cost are extendable.
Now the company is planning to set the new plant to produce their own raw material in
their concern.
They are providing special training to the employees to get skilled by own.
The company has to give importance in utilization of all the assets effectively.
CHAPTER – 6
CONCLUSION
The organization study has been done to know the overall process of the
Emerald Engineering Company. From the study they are producing screw and rivets according
to the required sizes by using machineries. The wastage of the production is 2%. The quality of
the product is good. The capital will be flow directly from the managing director. They are
marketing their product to the company by their own vehicles. The short term as well as long
term financial position of the company is effective, hence the overall study reveals that the
2004.
R.Paneer Selvam, Production and Operations Management, Prentice Hall of India, 2007.
Publishing, 2005.