FINANCE & ACCOUNTS DEPARTMENT Finance & accounts departments deals with recording,classifying,summarizing and interpreting,financial information about

the business activities of the concern. It keeps the record of assets and liabilities in such a may the financial position of business can be at any time. OBJECTIVES OF THE DEPARTMENT 1.to make a decision concerning the use of limited resources including identification of crucial decision are and determination of objectives and goals. 2.to effectively direct and control the organization,human and material resources. 3.to maintain and report on the custodianship of resources 4.to facilitate the social function and control. Fuction: 1.finance planning 2.formulation of financial budget 3.working capital manages 4.negotiation with banks and financial institution 5.day-to-day management of fund 6.preparation of profit and loss a/c and balance sheet 7.preparation of various accounts books. Books maintained: 1.cashbook 2.petty cash book 3.bills receivable book 4.bills payable book 5.purchase book 6.sales book 7.purchae return book 8.sales return book 9.bank pass book 10.general ledger PURCHASE DEPARTMENT: Proper buying of material and merchandise are of great importance in any business. If the raw material is not of requisite quality,the cost of production would rise,profit will decline,quality of finished products may go down etc. if raw materials are purchased in excessing requirement there is an unnecessary tie-up of working capital with loan of interest, inaccuring of storing and safe guarding expenses,the risk of obsolescence and detoriation of the raw material is more. Hence roots industries ltd takes careful steps in purchasing the materials of the right time. Adequate quality and the right quality. Purchase procudure: Bill of material

vendor evalutation team of engineers freeze the vendor rise enquiry after evaluation purchase order

ABC Analysis (always better control): Store item have been classified under ,A,B,C. A-items are normally less in quantity but of high value B-items lies some where between A & C C-items are less value but of more quality Based on the vendor credit period: A-30 days B-14 days C-10 days Frequency of purchase: Lesser the ability more the frequency of purchase More the ability less the frequency of purchase Suppliers: There are 250 vendor all over India , the vendor supplies 4000 components based on the 5 product range. STORES DEPARTMENT The main function of the stores department is to keep track of purchase and issue of various components used in the manufacturing process. The horn division of the company receives the component division. The component s received our stored systematically on shelves, racks and bins each of which as bin could to keep tract of issue followed in first in first out (FIFO) method. MARKETING & SALES DEPARTMENT Roots industries ltd focus on 3 kinds of market for their products namely, 1.original equipment market(OEM) 2.replacement market a.intrastate (within tamilnadu) b.interstate (outside tamilnadu) 3.export oriented market upon the daily basis of manufactures of automobile in this companies. The supply of horns depends some of the product are customized. For supplying companies like m/s

ford , according to the requirements of the customer. In the replace market the major role is played by the machanics. The machanics word of mouth is very important for the selling of the products to the customers. But to those custormers who are loyal to the products of the company, it doesnt affected at all, the particular companies product prescribed by the mechanics determines the selling of the product is the replacement market. With a view of achieving the competitive advantage new product of horn in order to cater to the needs of customer. The main aim of the company is to enhance the value and convenience of the existing products and there by attracting new customer and retain the existing customer. From the company the distribution is termed as the primary sales. Since it is the direct sales. From the distribution to the dealer is termed as the secondary sales,from this sales onwards it is not direct sales. From the dealer to the customer. It is termed as the territory sales, where the mechanics are playing a vital role in the selling of product to the customer. The product are mainly exported to more than 15 countries such as argentana, brazil,Canada,finland,germany ,Holland, italy, japan, Malaysia,Philippines, Singapore, spain, srilanka, UAE, USA. Distribution of products in replacement market: RIL Distribution in coimbatore Dealer Retailer Machanics Customer Sales procedure: Customer requirements Order from customer Verfication or evalution Order conformation Production Delivery In OEM the products are directly sold to the customers some of the OEM customers were: Ashok Leyland,bharath earth movers,caterpillar India,daimlerchrysler,fiat,ford,Hindustan motors,piaggio ,mahindra & mahindra , tata motors, tatraudyog,Toyota,tvs motor company,skoda auto India, Volvo India ,etc,. Exclusive suppliers of sealed water tight horns for Indian defence. PRODUCTION DEPARTMENT Production department is the process which combine & transform various resources used in the production subsystem of the organization into value added products in a controlled

manner as per the policies of the company Production is an activity where in the input is transformed into output. It satisfies the demand for a product. Production process: Production process therefore is a part of the company which is concerned with the transformation of a range of input into the required output having the requisite quality level. In this company they produce various models of horns with QA 100% and the following in the method or procedure in the production department. The assembly process for different horn is almost similar with some minor modification in one or two stages. there are twelve different line identified as A,B,C,.L. The line A,B,C,D,E,F are pneumatic line H,I,J,L are hydraulic lines. G,K are Jit lines. The pneumatic line consisting of pneumatic screwdriver and pneumatic press for tightening & crimping operation. The lines that are automated with hydraulic press (E,F,I,J) are similar to that of A,B,C and D. these line also consist of stages performing different operation. These include coil locking , terminal point assembling,tighting / riveting crimping (pre,final) tuning and testing etc,. The hydraulic press consist of directional values switches to adjust run stokes. Mean to measure oil,pressure,etc,. typical to convertional hydraulic press. These hydraulic pressure are fitted with different type of layers, fixtures,etc,. to accommodate for different designs.

CONCLUSION

During this industrial Training in roots industries, I have gained the practical knowledge about the functioning of an insustry. All the above given information in roots industries are very important for carrier. I am thankful to the management, who gave me such an opportunity to know a lot things about the company. Even though there were certain very helpful to us. Thus the training was beneficial not only for academic purpose but has given some useful training and information for my career. Favorable alternative idea and plans are being considered for growth of the organization.