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A project report on to study the welfare facilities provided in the bahety chemical & minerals pvt ltd

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A project report on to study the welfare facilities provided in the bahety chemical & minerals pvt ltd

A project report on to study the welfare facilities provided in the bahety chemical & minerals pvt ltd

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  • 1. Part-1
  • 2. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Executive Summary Bahety chemicals and Minerals Pvt Limited is a small-scale industry. The company purchasedand constructed building in the year 1993. It started production in the year 1996. It is a privatecompany situated in the Industrial estate, Ambewadi. On the outskirts of Dandles city which isenjoying all the required facilities like water, power, transport, labours and good environment andmaterialsTitle of the study:Organizational Study and labor facility at” BAHETY CHEMICALS & MINERALCOMPANY PROFILE Bahety chemicals and Minerals (Pvt) Limited is a small-scale industry. The companypurchased and constructed building in the year 1993. It started production in the year 1996. Itis a private company situated in the Industrial estate, Ambewadi. On the outskirts of Dandelicity which is enjoying all the required facilities like water, power, transport, labours and goodenvironment and materials. The company is achieving its sales target with some ups and downs. The company hasbeen receiving good response from customers and expected to achieve better sales in comingyears .The Company has its nature of business. The company has not accepted any deposits from public as per the provisions ofsection 58A of the company Act, 1956 2 Babasabpatilfreepptmba.com
  • 3. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”OBJECTIVES OF THE STUDY: a. To understand the practical aspects of the working of the company. b. To study the company and know its working and its relevance economic development. c. To analyze the functions of all departments in achievement of organization objectives. d. Labor welfare improves the moral and loyalty of the workers by making them happy and satisfied. e. It reduces the labor turnover and absenteeism there by building a suitable work force. It helps to improve recruitment as the job becomes f. more attractive more efficient.SCOPE:  The study helped me to gain the practical knowledge of working of an organization.  I got the knowledge of how Management activities are varying from theoretical aspects.  I got the experience the working of each department in practice and its effectiveness in an organization.LIMITATIONS: • The time prescribed is only 60 days. • Study is restricted to only one firm • The company will have some confidential matter, which cannot be discussed, • The interview of the workers is done randomly, • Most of the time the workers will not give their right opinion, • Time is not sufficient to the organization implementation of facilities in company 3 Babasabpatilfreepptmba.com
  • 4. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”Need of the study • In H.R.M. Labor facilities are playing a very important role. • To improve better work force management. • Employee or labor welfare is in the interest of the employee, the employee and society as a whole welfare measures enable the employee and his family to good life. Welfare facilities like housing medical, children’s education, recreation etc help to improve the family life of employee. Welfare measures lead to higher morale and productivity of lab our.METHODOLOGYThis project is at BAHETY CHEMICALS & MINERAL, DANDELI  The project has been prepared based on the information given by the company guide.  Other manuals, broachers were referred.  Consulted the respective in-charge of each department.  Referred to company website and other related websites.FINDINGS: • Through the research it was found that 90% of the respondents are using Canteen facility. • Only 56% of the respondents who are using housing allowance. • 38% of the respondents are not satisfied with the present medical facility. • 75% of the respondents are making of the transportation facility. • Management is quite good. 4 Babasabpatilfreepptmba.com
  • 5. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” SUGGESSION On the basis of the outcome of in plant training the sincere effort is being made to offer some suggestions to the firm.T they are as follows: 1. The Company must try to communicate their problem with its worker .So as to get solved the problem of delaying works 2. Steps should be taken to improve the physical environment such as light ventilation etc., 3. Scientific approach should be given importance in some aspects like recruitment, selection, placement, training etc., 4. The company should give more encouragement to increase the workers creativity and efficiency and also some more degree of freedom should be given to workers to take their own decision at work. CONCLUSION • On the whole, the financial position of the company is very good. However, there are some areas which require immediate attention. • At present the company is not facing much competition. Hence there is an sample amount of opportunity for growth. • On the whole, the company is moving forward with excellent management. 5 Babasabpatilfreepptmba.com
  • 6. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Part-2 6 Babasabpatilfreepptmba.com
  • 7. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”COMPANY PROFILE Bahety chemicals and Minerals ( Pvt ) Limited is a small-scale industry. The companypurchased and constructed building in the year 1993. It started production in the year 1996. It is aprivate company situated in the Industrial estate, Ambewadi. On the outskirts of Dandeli city which isenjoying all the required facilities like water, power, transport, labours and good environment andmaterials.The company is achieving its sales target with some ups and downs. The company has been receivinggood response from customers and expected to achieve better sales in coming years .The company hasits nature of business. The company has not accepted any deposits from public as per the provisions of section 58Aof the company Act, 1956COMPANY OWNERSHIP The company has two directorsShri Jawaharlal bahetyShri Chandrashekar Bahety Managing DirectorShare Holder 1. Shri Jawaharlal Bahety 2. Shri Pritvi Bahety 3. Shri Badal Kumar Bahety 4. Smt.Laxmi BahetyStaffManager - Mr. Mahesh NadkarniAccountant - Shri R.K.DeshpandeAsst Accountant - Mangala PrabhuPeon - Manjunath 7 Babasabpatilfreepptmba.com
  • 8. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”AREA OF OPERATIONProduction plantBahety Chemicals and Minerals (P) Ltd.,C – 1, Industrial Estate,Ambewadi, Dandeli – 581325OBJECTIVES OF THE ORGANIZATION: • To expand their market into other states. • To modernize the organization by using the hi-tech machines in the production process • To increase the productivity • To produce chemical into different area. • To know the customer attitude towards alum. ChemicalIntroduction of study Human resource development is an organization, functions to improve the attitude andcultural changes of employee to meet productivity requirements towards meeting thecustomer satisfaction. Over past decades the business scenario has changed as compared to a decade backdue to customers requirements are totally getting different. Customers want changes andimprovement very fast for which any organization should be ready for the survival in today’stough customer changing needs from time to time in today’s business scenario employees arealso considered as stakeholders liked others shareholders, customers and society. 8 Babasabpatilfreepptmba.com
  • 9. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”HISTORY OF LABOUR IN INDIA: Before studying the welfare facilities it is necessary to study the retrospect of the periodof 1914-1981 of the established and India became a International labour Welfare (ILO) wasestablished and India became a of it. The ILO was interested in protecting the workersagainst exploitation by the employer and in improving the welfare programs afterindependence the government of India began to take various measures including passing ofprogressive legislations such as the India factories act 1948, ESI act, the EPF that deals inimproving the welfare facilities of the workers by the employers. In 1959 a study team oflabor welfare was appointed. The scheme in the fourth 5 year plan would be based on it; itdivided labor welfare amenities into 3groups.Welfare facilities The workers in Bahety Chemicals and Minerals are given some facilities for their. Betterment and comfortWashing resting facilities. • Facility for washing, storing, drying materials, resting first aid facilities have been provided the factory for the benefits of workers on duty. Drinking water: The company has made provision of clean, drinking water providing to the workersduring the working hours. There are drinking taps and coolers placed in every department.Shelter and lunchroom: After the working hours to take rest rooms have been made by the company and to havefood in lunchtime.Canteen: • Canteen is also provided to the workers. It runs on “no profit and no loss basis”. 9 Babasabpatilfreepptmba.com
  • 10. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”EXPANSION AND DIVERSIFICATION : Expansion of the company is under progress. The company is planning to producealum ferric solid through conventional process, Boiler evaporation of water from liquid alum.Estimated investment in expansion process is Rs .27 Lakes. The funds required for expansionof the company is likely to give 10 – 12 employment opportunities. The company is also planning to diversify. It is planning to manufacture crystal alumfor which the market is better Swimming pools are one of the markets for crystal alum. 50%of the diversification process is already developed. The estimated investment requiredstarting up producing crystal alum in Rs .3 Lakes.MCKENSYA 7S’s FRAME 7S’s is a framework for analyzing and their effectiveness. It looks at the 7 keyelements that make the organization successful they are strategy, structure, system, style,skill, staff and shared valves. Consultant at Mckensys and company developed the 7S’s model in the late 1970’s tohelp manager address the difficulties of organization change. The model shows thatorganizational immune systems and the many interconnected variables involved make changecomplex and that an effective change effort must address many of this issues simultaneous. The 7S’s model is a tool for managerial analysis and action that provides a structurewith which to consider a company as a whole So that the organization problems may bediagnosed and the strategy may be developed and implemented. The 7S’s diagrams illustrate the multiplicity interconnectedness of elements thatdefine an organization ability to change managers thinking about how companies could beimproved. It says that it is not a matter of devising a new strategy and neither following itthrough nor it is a matter of setting a new system and letting them to generate improvement. To be effective in your organization must have a high degree of fit or internalalignment among the all 7S’Ss. Each S must be consistence with and reinforce the other S’s.All S’s are interrelated. So change in one has a ripple effect on all the others. It is impossibleto make progress on one without making progress on all. Thus to improve you organizationyou have to matter system thinking and the attention to all the 7 elements at the same time 10 Babasabpatilfreepptmba.com
  • 11. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”there is no starting point of implied hierarchy : - Different factors may drive the business inany one organization . It is all very well devising a strategy but you have to be able to implement it if it’s todo any good. The seven S frameworks first appeared in the “Art of Japanese management” byRichard Pascal and Anthony Athos in 1981. They had been looking at how Japanese industryhad been so successful, at around the same time that Tom Peters and Robert Waterman wereexploring what made a company excellent. The Seven S model was born at a meeting of thefour authors in 1978. It went on to appear in “In search on Excellence” by Peters andWaterman and was taken up as a basic tools by the global management consultancyMcKinney’s its sometimes know as the McKinney’s 7S model. Structure Systems Strategy Shared Values Style Skills Staff To better represent the challenges of Service Marketing McKinsey developed a newframework for analyzing improving organizational effectiveness the 7’S model. 11 Babasabpatilfreepptmba.com
  • 12. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”The 3S’s across the top of the model are described as Hard S’s Strategy: The direction and scope of the company over the long term. Structure: The basic organization of the company, its departments, reporting lines,areas of expertise and responsibility and how they interact. System: Formal and informal procedures that govern everyday activity coveringeverything from management information systems, through to the systems at the point ofcontact with the customer (retail systems, call center system, online systems, online systemsetc.) The 4S’s across the bottom of the model are less tangible ,cultural in nature and weretermed “Soft Ss” by McKinney Shared values: The values and belief of the company ultimately guide employeestowards “Valued” behavior. Staff: the company’s people resources and how they are developed trained andmotivated. Style: The leadership approach of top management and the company overall operatingapproach 12 Babasabpatilfreepptmba.com
  • 13. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”BAHETY CHEMICALS AND MINERALS PVT LTDANDELIPROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31.03.2006 PARTICULARS AMOUNT PARTICULARS AMOUNT To Material consumed 122.9413.00 By Sales 19542081.00 To manufacturing 2066634.00 By other incomes 272438.00 expenses To Payment to employees 3962831.00 To administrative 437391.00 expenses To Interest 164391.00 To Depreciation 427959.00 PROVISION OF TAX To current years income 147557.00 tax To current years deferred 44000.00 tax To earlier years deferred tax To Net p& L Account 354351.00 TOTAL 19814519.0 19814519.00 0 13 Babasabpatilfreepptmba.com
  • 14. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”BAHETY CHEMICALS AND MINERALS (PVT) LTD.,Balance Sheet as on 31.03.2007 14 Babasabpatilfreepptmba.com
  • 15. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” LIABILITY AMOUNT ASSETS AMOUNT SAHRE CAPITAL FIXED ASSETS Authorized-Capital 1000000.00 Gross block 7244871.00 Paid-up capital 1000000.00 Less: Depreciation 2642998.00 Reserves and surplus 3086958.00 Net Block 4601873.00 Secured Loans 2019216.00 Investments Unsecured Loans 569734.00 CURRENT ASSETS Deferred tax liability 451000.00 Inventories 1532455.00 Current liabilities 1673515.00 Sundry debtors 2201381.00 Provisions 368028.00 Cash & bank balance 493742.00 Other current assets 148822.00 Loans and Advances 186699.00 Miscellaneous Exp 3479.00 TOTAL 9168451.00 9168451.00BAHETY CHEMICALS AND MINERALS (PVT) LTD., 15 Babasabpatilfreepptmba.com
  • 16. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”Profit and loss account for the year ending 31.03.2007 PARTICULARS AMOUNT PARTICULARS AMOUNT To Material consumed 1715060.00 By Sales 31321229.00 To manufacturing expenses 4015111.00 By other incomes 1491652.00 To payment to employees 7195997.00 To administrative expenses 858968.00 To Interest 263406.00 To Depreciation 608310.00 PROVISION FOR TAX To current years income tax 525486.00 To current years deferred tax 204991.00 To earlier year deferred tax 63000.00 To Net profit transferred to 17362552.00 Profit and Loss Account TOTAL 328128 32812 81.00 881.00DEPARTMENTSPRODUCTION DEPARTMENTThe Production department is one of the important departments in the company. It is the departmentthat produces the product on which the company is established. Special care is taken in thisdepartment on production.PRODUCTS PRODUCED :The company is engaged in the production of three types ofAlum they are Vise ferric alum Vise ferric liquid alum Non – ferric alumThe company has not yet recurred any brand image .MANUFACTURING PROCESS 16 Babasabpatilfreepptmba.com
  • 17. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Measured quantities of water and superrich acid are initially let in reactors. A weighedquantity of Alumina is slowly added to the reactor. When the complete raw materials are togetherexothermic reaction takes place. (Lot of steam and heat is evolved in the process). After about an hourtime viscous Alumina Soleplate (Alum). Is ready in the reactor.The viscous Alumina Soleplate (Alum) is brought out from the reactor and allowed to settle in mouldswhere it solidifies in about an hour’s time. Alumina Soleplate (Alum) is either sold in blocks from or broken into pieces andbagged as per requirement of the customer.MANUFACTURING PROCESS Measured quantities of water and superrich acid are initially let in reactors. A weighedquantity of Alumina is slowly added to the reactor. When the complete raw materials are togetherexothermic reaction takes place. (Lot of steam and heat is evolved in the process). After about an hourtime viscous Alumina Soleplate (Alum). Is ready in the reactor.The viscous Alumina Soleplate (Alum) is brought out from the reactor and allowed to settle in mouldswhere it solidifies in about an hour’s time. Alumina Soleplate (Alum) is either sold in blocks from or broken into pieces and bagged asper requirement of the customer. 17 Babasabpatilfreepptmba.com
  • 18. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”WORKFLOW MODEL:- ALUMINA + SULPHURIC ACID + ALUMINA EXOTHERMIC REACTION SULPHATE EVOLVEMENT OF HEART AND WATER (ALUM) STREAM List of critical raw materials presently in the manufacturing of Alumina Soleplate(Alum)RAW USED MATERIALS 1. ALUMINA OR ALUMINA HYDRATE 2. SULPHURIC ACID OR WASTESULPHURIC ACID OR SPENT SULPHURIC ACIDSULPHURIC ACID. 18 Babasabpatilfreepptmba.com
  • 19. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”PURCHASE DEPARTMENT The purchase officers and assistance heard the purchase department. The clears take therequisition from various departments and forward to the purchase offices and then the purchase officearranges to the purchase required materials from the best seller available in the ma rket.The purchase department plays a very important role in the company where the dealing made betweenthe purchase officers and sellers is convenient then it can be help in reduction of the price of thematerials and their by which will also result in increase of profitFunctions a. Purchase the good quality materials. b. Have a better dealing at present and future with the supplier c. Purchase only and required materials. d. The improvement suppliers of Bahety Chemicals.SUPPLIERSa. Abhitej Industries, Kolhapurb. Hidalgo Industries Belgaumc. Acid Plus, Bangalored. Advance surfactance India Limited Bangloree. Aureola Chemical, Mangaloref. Balaji Industries Kolapurg. Belgaum Minerals Belgaumh. Barat Chemical Satarai. Carborendam Universal Ltd., Gujratj. Chemech Corporation, Sanglik. Deepak Nitrate Dharwadl. Excel Traders Ichalkaranjim. Farmer Brothers, Kolapur 19 Babasabpatilfreepptmba.com
  • 20. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”SALES DEPARTMENT Sales Department is also an one of the important department in the company. This department isimportant because it gives a clear picture of how much to produce? Which will also help in theinvestment to he made and to purchase department to purchase raw materials. The sales department has a procedure, by which it is done i., fit receives the order from the buyersand forwards the order to the production department and as per the order production departmentproduces the required production and it makes the packing of materials and sends it to the buyers asper the order. Sales department also take care of the time given to it by the buyer to produce the product. If thereis any default in the order such as product not as per order or not at time or minimum product suppliedthe party will send back the sample to the organization and the organization gives certain percentageof discount for the default but no replacement is made.The some of the important customers of the Bahety Chemicals and Minerals are:- a. West Coast Paper Mills Limited, Dandeli b. Grassing Industries Ltd, Harihar c. Zuari Industries Goa d. Balkrishna Harikrishna Hyderbad e. Karaveera Badhra Traders Hubli f. Kitlab Dharwad g. Mahindra Chemicals Banglore h. Nuclear Power corporation Kaiga i. Sameer Chemicals Banglore j. Shreyas Paper Mills Dandeli k. Vicco Laboratories Nagpur l. Shri Laxmi Industries Belgaum 20 Babasabpatilfreepptmba.com
  • 21. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”ADMINISTRATION DEPARTMENT Administration Department takes care of the whole activities happening in and around thecompany. The personal manager heard the department and personal managers is responsible for theman power in the whole factory. Personal Manager is connected with the most efficient us of peopleto achieve organization and individual goals. It is the way of managing people at work so that give thebest to the organization. Administration department also takes care of the planning ,organizing, directing,controlling ,procuring and developing and integrating of the company and human resources to theend. It also looks after the financial matters of the company. Administrative department is concerned in the following works. a. Maintenance of files, records etc., b. Collecting and presenting the data in the form of useful information from the records. c. Maintenance of time management in the company. d. Insuring smooth running of the office files by interacting with external agendas as required. e. Good relation between the employer and employee. f. Maintaining the financial matters of the company. g. Good relations with supplier and customers h. Maintenance of salary, wages records i. Keeping all the records of the entire department. 21 Babasabpatilfreepptmba.com
  • 22. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” HRM PRACTICES IN BAHETY CHEMICALS AND MINERALS 1. Number of Employees There are 30 workers working in Bahety Chemicals out of which 10 workers are permanentworker. There are 20 workers who are casual and some are on contract basics. 2. Selection and training As the company is small scale industry maximum of the employees are important on the basics ofpersonal interview and the required work knowledge.After the selection training takes place in the company. There is no special training method ortechnique as such practiced in this company. The newly joined workers are given training under thesenior workers they will train the workers until they become efficient. If an inefficiency is noticed inthe worker. Such workers are put to work under experienced and efficient . 3. Working time Working hour in the organization is from 8.30 A.M to 12.30 P.M to 2.00P.M. After the lunchbrakes the work restarts at the 2.00 P.M and closes at 6.00 P.M .If there is any workload after 6.00P.M the labours have to work overtime for which they are paid extra. The working days are fromMonday to Saturday i.e, 6 days a week. The workers are provided with holidays on the nationalholidays. 4. Wage system The company is following both time wage and piece wage system for different of work. Theworkers involved in production are provided wages on piece wage system and other workers such asstaff workers are given wages on time wages systems. The company gives gifts such as clothes etc to workers on festivals specially Diwali . 5. Workers and management relations The relationship between the workers and management of the company is very good .themanagement involves the all the people in decision making and there is participation off every bodyin management activity. Workers are given significance by management to work and they are given freedom at work.Workers have autonomy to work in their own way and to take their own decision on simple matters atwork. Workers opinion is taken into account while making decisions. 6. Welfare and Safety Measures 22 Babasabpatilfreepptmba.com
  • 23. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” The company is also looking after the welfare of the workers. As the industry is situated inIndustrial Estate, there is a canteen facility for the workers. The physical work environment of theproduction is very good but is also dangerous as all the production is very good but is also danderousas all the materials used are acidic. So company is providing all safety measures such as Gumboots,Hand gloves, and Goggles. There is also clean drinking water facilities, proper ventilation etc, areprovided.The physical structure of the factory is arranged in such a way, which controls accidents atwork. If any accident takes place 1st aid facilities is also provided.LABORATORY DEPARTMENT Laboratory is also one of the important departments here because this department is used oftesting the raw materials and the finished goods for their quality. There is a lab in charge that looksafter all the functions of the laboratory. Lab in charge has certain other workers under him who helphim in executing his functions.STUDY OF RATIO ANALYSIS OF BCMMEANING OF RATIO ANALYSIS Ratio analysis is a widely used tool of financial analysis. It is defined as the systematic use ofratio to interpret the financial statemeconditions can be determined. The term ratio refers to numericalor quantitative relationship between two item/variables. This relationship can be expressed as (i)percentages (ii) Fraction (iii) proportion of numberings co that the strengths and weakness of firm aswell as its historical performance and current financial. TYPES OF RATIOS 1) LIQUIDITY RATIOS: Obligations The liquidity ratios measure the ability of a firm to meet its short term and reflectthe short-term financial strength/ solvency of a firm The ratios which indicate the liquidity of a firm are (i) Networking capital (ii) Current ratio(iii) Acid test/ quick ratio (iv) Super quick ratios and (v) Turn over ratios.CAPITAL STRUCTURE OF BCMSHARE CAPITAL1 Authorized capital Rs. 10,00,000 10,000 equality shares of Rs. 100 each 23 Babasabpatilfreepptmba.com
  • 24. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”2 Subscribed/ paid-up share capital Rs. 10,00,000 10,000 equality shares of Rs .100 each BORROWED FUND: The Company has taken term loans from Corporation Bank Dandeli Ltd. It has also takenunsecured loans from its joint associate Shri. Raghavendra Chemicals. The company has also receivedgovernment subsidy of 25% on capital investments TABLE SHOWING THE LONG TERM LOANS TAKEN BY BCM Loan Year Secured Loan Unsecured Loan2005-2006 2019216.00 569734.002006-2007 3651599.00 115000.002007-2008 3742360.00 2664000.00 INVESTMENT FIXED ASSETS IS SOWN BELOW SL.NO Fixed Assets Total Investment ( Rs.)1 Land and Building 30,00,000.002 Machinery 12,00,000.003 Adjacent Building 15,00,000.00 RATIOS YEARSLiquidity ratio 2006 2007 2008Current ratio 2.61 2.40 2.40 24 Babasabpatilfreepptmba.com
  • 25. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” I. Activity ratiosInventory turn over ratios 12.75 14.49 8.39Debtors turn over ratio 8.87 6.31 15.50Fixed assets turnover ratio 4.24 6.85 6.23Current assets turn over ratio 4.46 3.72 4.39Working capital turn over ratio 12.42 5.48 5.01Total assets turn over ratio 2.13 2.21 1.66 II. Profitability ratioNet Profit ratio 1.81 5.43 3.14Gross profit margin 37.07 4.96 29.80Return on assets ratio 11.74 1.56 22.86Operating profit ratio 1.95 7.84 3.80 III. Expenses ratioOperating expenses ratio 21.86 27.11 26.67Administrative expenses ratio 20.27 22.97 21.98Selling expenses ratio 1.58 4.14 4.68 IV. Coverage ratioInterest coverage ratio 2.32 9.33 2.48Current ratio: The current ratio is the ratio of total current assets to total Current liabilities. Current ratio = current assets/ Current liabilities The higher the ratio, the larger is the amount of rupees available per rupee of current liability,the more is the firm’s ability to meet current obligations and the greater is the safety of funds ofshort term creditors. 25 Babasabpatilfreepptmba.com
  • 26. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” The ideal current ratio is 2:1 the firm with higher current ratio has better liquidity /short termsolvency When we look at the company’s current i.e (2006) 2.61, (2007) 2.40(2008) 2.40 It is greater than the ideal ratio in all the three years. But when we compare the three yearsratio we can see that the ratio has decreased in the second year and is same in the third year whichwould be a field in look over for the firm.TURNOVER RATIOS / ACITIVITY RATIO The way of examining the liquidity is to determine how quickly certain current assets areconverted into cast. The ratios to measure these are referred to as turnover ratios. Inventory turnover ratio. This ratio indicates how fast the inventory is sold. The formula used to calculate inventoryturn over ratio is inventory turnover ratio = sales/ Closing inventory A high ratio is good from the view point of liquidity and vice versa. A low ratio would signifythat inventory does not sell fast and stays on the shelf or in the warehouse for long time. When we look at the company’s inventory turn over ratio it is good, which tells that the firmsinventory is sold fast. But when we compared the ratios of three years it shows a declining trend,which is not good for the firm. The firm will have to look over this and try to maintain a good ratio.DEBTORS TURNOVER RATIO This ratio measures how rapidly debts are collected. A high ratio is indicative of shorter timelag between credit sales and cash collection. A low ratio shows that debts are not being collectedrapidly.Debtors turn over ratio = Total Sales/Closing DebtorsAssets turnover ratio This ratio is also known as the investment turnover ratio. The higher the turn over ratio themore efficient is the management and utilization of the assets. While low turn over ratios is indicativeof under utilization of available resources and presence of idle capacity. In operational terms, itimplies that the firm can expand its activity level without requiring additional capital investments. Inthe case of high ratios, the form would normally be required, other things being equal, to makeadditional capital investments to operate at higher level of activity. Total assets turn over ratio = Sales/Total Assets Fixed assets turnover ratio = Sales/Net fixed assets Working capital turnover ratio = Sales/Working capital 26 Babasabpatilfreepptmba.com
  • 27. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Current assets turnover ratio = Sales /Current assets When we look at the firm’s assets turnover ratios on the where it is very good. This technique is most widely used in the practice for forecasting .It is a statistical method.With its help a trend line is fitted to the data. This line is known as the line of best fit. Byextrapolating the trend line for future we can get the corresponding figures of forecasted sales. In thisanalysis there is only one independent variable i.e. time (t). this system of forecasting is considered“native” because it does not explain the reason for the changes; it merely states the data and itschanges are function, of time only. Linear trend; The method of least squares may be used either to fit a straight line trend or a nonlinear trend.The straight line trend may be represented by the equation Sales = a + b (year number) I.e. S = a + b (t) Where a and b are the constants representing the intercept and slpe respectively of theestimated straight line. In order to determine the values of a and b, the following two normalequations need to be solved. €S=Na + b € T € S T = a € T + b € T2 Where N represents the number of years (months etc.) For which data is available SALES FORCAST OF BCM FOR 2008-2009 On time series basis Year Sales ( in Rs) T T2 St 2005-06 1,95,42,081.00 1 1 1,95,42,081.00 2006-07 3,13,21,229.00 2 4 6,26,42,458.00 2007-08 2,79,94,205.00 3 9 8,39,82,615.00 €S= 78857515 €t=6 €t2=14 €St=166167154.00It is assumed that the present trend is to continue in future. Set of normal equations 27 Babasabpatilfreepptmba.com
  • 28. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” 1. €s = na + b€t 2. €st = a€t + b€t2 Sub situating the respective values in the normal equations €s = na + b€t i.e, 78857515 = 3a + 6b (1) €st = na + b€t2 i.e. 166167154.00 = 6a + 14b (2) multiplying equation (1) by (2) and subtracting from equation (2) we get 78857515 = 3a + 6b X (2) 166167154 = 6a + 14b X (1) 157715030 = 6a + 12b 166167154 = 6a + 14b -8452124 = -2b b = 8452124 = 4226062 2 Substituting the value of b in equation (1) we get €s = Na + b€t 78857515 = 3a + 4226062 X 6 78857515 = 3a + 25356372 3a = 78857515 – 25356372 3a = 53501143 a = 53501143 = 17833714.33 3 The trend equation is S = a + b (t) S = 17833714.3 + 4226062 (4) =17833714.3 + 16904248 28 Babasabpatilfreepptmba.com
  • 29. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” S(2009) = 34737962.3 The sales for the year 2008 – 09 is forecasted to be Rs. 34737962.30 PROFIT ANALYSIS OF BCM Year 2005-06 2006-07 2007-08 2008-09 Sales (in Rs) 19542081.00 31321229.00 27994205.00 34737962.00 Profit (in Rs) 354351.00 17362552.00 879125.00 6723450.00Table showing sales and profit of last three years. 35000000 30000000 25000000 20000000 15000000 10000000 5000000 0 2005-06 2006-07 2007-08 2008-09PROFIT FORECAST OF BCM FOR 2008-2009 On time series basis 29 Babasabpatilfreepptmba.com
  • 30. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” It is assumed that the present trend continues in the future. Year Profit (in Rs) T T2 Pt 2005-06 354351.00 1 1 354351.00 2006-07 17362552.00 2 4 34725104.00 2007-08 879125.00 3 9 2637375.00 €P=18596028 €t=6 €t2=14 €Pt=37716830.0 Set of normal equation 3. €p = an + b€t 4. €Pt= a€t + b€t2 Substituting the respective values in the normal equations 18596028.00 = 3a + 6a (1) 37716830.00 = 6a + 14b (2) Multiplying equation (1) by (2) and subtracting from equation (2) we get 18596028 = 3a + 6b X (2) 137716830 = 6a + 14b X (1) 37192056 = 6a + 12b 37716830 = 6a + 14b -524774 = -2b b = 524774 = 262387 2 Substituting the value of b in equation (1) we get 18596028 = 3a + 262387 X 6 18596028 = 3a + 1574322 3a = 18596028 – 1574322 3a = 17021706 a = 17021706 = 5673902 30 Babasabpatilfreepptmba.com
  • 31. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” 3 The trend equation is P = a + b (t) P = 5673902 + 262387 (4) = 7673902 + 1049548The Profit for the year 2008 – 09 is forecasted to be Rs. 6723450.0 20000000 18000000 16000000 14000000 12000000 10000000 8000000 6000000 4000000 2000000 0 2005-06 2006-07 2007-08 2008-09 East Profit The step rise in the profit from 354351.00(2005-06) to 17362552 i.e 2006-07 is according tomanagement .due to the sharp decrease in the price of raw materials. Again the sharp decline in profitin the year 2004-05 ( Rs .879125.00) is due to sudden rise in the price of raw materialAbout Entrepreneur 31 Babasabpatilfreepptmba.com
  • 32. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”  Hard worker  Rational thinker  Motivator  Team leader  Good Planner  Risk Bearer  Organizer  Controller  Good Directing Mr. Shaker Bahety is a owner of the Bahety Chemicals and Minerals Pvt Ltd Dandeli.. As per as my knowledge concern he is a very youngest entrepreneur in India. ORGANISATION STRUCTURE 32 Babasabpatilfreepptmba.com
  • 33. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” CHAIRMAN MANAGING DIRECTOR PURCHASE DEPT Manager LABORATORY DEPT Laboratory In- Charge PRODUCTION DEPT Manager PERSONNEL DEPT Manager SALES DEPT Manager VISION : To fulfill the growing demand of Alum and increasing the production MISSION :1. To provide employment2. Quality product3. Maximum satisfaction to customers4. To ensure enterprise growth5. To create clean and healthy environment6. To develop the establishing the organization in the city . 33 Babasabpatilfreepptmba.com
  • 34. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Part-3 BACKGROUND OF LABOUR WELFARE 34 Babasabpatilfreepptmba.com
  • 35. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Human resource development is an organization, functions to improve the attitude andcultural changes of employee to meet productivity requirements towards meeting the customersatisfaction. Over past decades the business scenario has changed as compared to a decade back due tocustomers requirements are totally getting different. Customers want changes and improvement veryfast for which any organization should be ready for the survival in today’s tough customer changingneeds from time to time in today’s business scenario employees are also considered as stakeholdersliked others shareholders, customers and society.HISTORY OF LABOUR IN INDIA: Before studying the welfare facilities it is necessary to study the retrospect of the period of 1914-1981 of the established and India became a International labour Welfare (ILO) was established andIndia became a of it. The ILO was interested in protecting the workers against exploitation by theemployer and in improving the welfare programs after independence the government of India beganto take various measures including passing of progressive legislations such as the India factories act1948, ESI act, the EPF that deals in improving the welfare facilities of the workers by the employers.In 1959 a study team of labour welfare was appointer. The scheme in the fourth 5 year plan would bebased on it; it divided labour welfare amenities into 3groups. • Facilities that can be provided inside the industry, • Facilities to be provided outside the industry, and o Social security. MEANING OF LABOUR WELFARE: According to the Oxford dictionary labour welfare or employee welfare means, ‘the efforts to make life worth living for workmen” Labour welfare means anything done for the comfort and improvement intellectual or social of the employee over and above wages paid which is not a necessity of the industry.FEATURES OF THE EMPLOYEE WELFARE: 35 Babasabpatilfreepptmba.com
  • 36. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Employee welfare is a comprehensive term including various service, facilities and amenities provided to employees for their betterment. Welfare measures may be provided not only by the employers but also by the other government agencies too. To basis purpose of employee welfare is to improve the lot of the working class and there bymake workers a good employee a happy citizen. Labor welfare is an essential part of social welfare it involves: Welfare measures may be both voluntary and statutory. Welfare measures are in addition to regular waged and other economic benefits availableprovisions and collective bargaining. OBJECTIVES OF LABOUR WELFARE:  It helps to improve recruitment as the job becomes more attractive more efficient.  Labour welfare improves the moral and loyalty of the workers by making theme happy and satisfied.  It reduces the labor turnover and absenteeism there by building a suitable work force.  It helps to increase employee productivity or efficiency by improving their physical and mental and mental health.  Improvement in material intellectual and cultural conditions of the life protects workers from social evils like drinking; Employee welfare helps to improve industrial peace.  Welfare measures helps to improve the goodwill and public image of the enterprise.  Gambling, prostitution etc.  To promote employee’s welfare by providing welfare measures like:IMPORTANCE OF LABOUR WELFARE:Employee or labour welfare is in the interest of the employee, the employee and society as a wholewelfare measures enable the employee and his family to good life. Welfare facilities like housingmedical, children’s education, recreation etc help to improve the family life of employee. Welfaremeasures lead to higher morale and productivity of labour. 36 Babasabpatilfreepptmba.com
  • 37. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”TYPES OF LABOUR WELFAREFA CILITIES:The facilities organized for the welfare of the workers can be divided into 2 types.  Statutory Welfare Facilities: Statutory welfare facilities are those, which are obligatory on the part of the employeeessential conditions of work life hygiene, rest room, washing facilities, canteen etc.  Non- Statutory Welfare Facilities: Non- Statutory welfare facilities are those, which are under taken by employer for theirinterest, besides the employer government agencies and the private welfare organizations canundertake these welfare facilities. These facilities include creation, housing and education facilities. FACILITIESAREPROVIDEDBYBCMCANTEEN FACILITY: The canteen is managed by the BCM Pvt Ltd Dandeli, Employees and co-operative society and engages 50 workers and 4 supervisory Staff; canteen vendors go to the various departments, with tea at fixed time to serve the tea to the workers on the basis of the token system. The token are provided on 5 days of every month (i.e.26 to 30) tea is provided to every worker every morning, afternoon, evening and last in mid night, apart from this facilities sweets are given to workers are in 15days. Every morning workers are given various type of breakfast at different days like kachoories, idly, Wada, rice plates, bakery items etc, workers are provided with one separate dining hall to have their food comfortably. Separate lockers are provided to every tea vendors to maintain their equipment properly. The monthly expenditure for the raw-materials is about Rs. 5 lakh. The monthly token issued to the workers is about Rs. 2,25,000/-. The company is incurring nearly 60 lakh losses every year on canteen. 37 Babasabpatilfreepptmba.com
  • 38. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”EDUCATIONAL FACILITY: Dandeli education society sponsored by BCM Pvt Ltd is looking after the educational activities for the benefits of employee’s children and others. It runs one primary school and a composite junior college and a degree college is also run by the organization. Further the company also involves itself in the development and betterment of the other educational institutions functioning in Dandeli directly or indirectly.MEDICAL FACILITY: The organization has a dispensary within the premises. This hospital with 40 beds has a modern facility of X-rays, ECG and ultrasound sonography scanning machine. Qualified and well-experienced doctors manage this hospital. In that hospital specialized consultation facilities are also made available periodically free camps are also conducted. Cases that cannot be treated at this hospital are referred to KMC Hubli, KLE hospital Belgaum, etc. Employees and their family members can make use of this facility.TRANSPORIATION FACILITY: The company is providing with transportation facilities to the top graded officers. It runs as OMNI bus for the benefit of the employees and their family members to visit near by cities like Hubli, Dharwad, and Belgaum and Karwar. At very nominal charges are collected from the employees, in addition to this bu s.SPORTS AND CULTURAL ACTIVITIES: The activities of sports, games and cultural etc are being looked after by the sports, and welfare committee. Employees and their family members are encouraged to play various games like cricket, Volleyball etc. The company also gives liberal financial assistance to voluntary organizations whenever they are organizing tournaments in college ground. Facilities for playing games like table tennis, carom, chess etc are provided to workers at free of cost. They also have employees club where the workers are provided with variousmagazines and newspapers of different languages. A well-staffed committee manages Bangurnagarclub. Membership is restricted only to staff members,, monthly nominal membership is collected. 38 Babasabpatilfreepptmba.com
  • 39. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”COMMUNITY WELFARE ACIIVITIES: The management is taking almost care to help the family member to involve themselves in the community development activities specially to improve their own talents and skill thus to help family members to learn some vocational courses which may help them to earn addition income for their own family. The management formed a Mahila Mandel and opened 4 welfare centers with adequate facilities to impact Training in tailoring, embroidery, crafts etc. The sitting capacity of this auditorium is 100CO-OPERATIVE SOCIETY: The CMP Pvt Ltd employee’s co-operative society is considered to be one of the best societies in the region. There are nearly 1500 members in the society. The society has provided long-term, medium term and short-term loan facilities to its members .COMPANY’S OWN SOCIAL SECURITY SCHEME: Benevolent fund scheme apart from statutory social scheme like employees state insurance scheme, provided fund etc the management has also introduced a benevolent fund scheme in 1964. it is a contributory scheme all employees are member of this scheme. Under this scheme the department of all employees is member of this scheme. Under this scheme the dependent of workers gets a lump sum amount of Rs. 25,000 in case of death of employee.OTHER FACILITIES:BONUS: The management is providing bonus to its workers and festival allowance .GYM (akhada): The workers are providing with the well-furnished gym hall where the interested workers can participate, the management is also conducting tournaments every year. 39 Babasabpatilfreepptmba.com
  • 40. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”TRAINING PROGRAM : In order to improve the performance of the employee the management is conducting various training program both for staff members and workers, where they are introduced to the new technology, and about there working conditions.EMERGENCY: The company has well equipment to face the emergency.LIBRARY FACILITY: In the premises the company has a library where we can find books on different and of different language.WASHING FACILITY: The management has provided adequate and suitable washing facility in canteen and other working places to the workers.FACILITY FOR SITING: The management has provided to each department. And first aid training is also conducted in WCPM.OTHERS: Uniform, Incentives, Sports and Games, Recreational facility, Medical Reimbursement, and Personal Protective Equipments.The workers who have to work outside they will be provided with: • Umbrella once in 2years, • Raincoat once in 3 years, and • Pair of rubber shoes once in every year.MAIN OBJECTIVES OF THE STUDY IS:“ To know the welfare facilities provided in the Bahety chemical & minerals pvt Ltd .” 40 Babasabpatilfreepptmba.com
  • 41. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”THE OTHER OBJECTIVES OF THE STUDY ARE: & To study the attitude of the workers towards the facilities provided, & To find out the extent to which the workers are making use of them, & To evaluate the workers satisfaction with the existing welfare facilities, & To find out the extent to which the workers are meeting the legal requirement and to whatextent the management is providing a psychological satisfactory work environment.RESEARCH METHODOLIGY: The term research methodology denotes the techniques and methods that are adopted forundertaking any research study. The instrument used was self structured questionnaire, and someinterviews were conducted with employees.Sample Size: 20.METHOD OF STUDY: After the general observation of personnel department the topic chosen was welfare facilitiesprovided to the workers. The primary data was collected from labour welfare officer. The mainobjective is to study what all facilities the company is providing to the workers and workers opiniontowards these facilities. Secondary data was collected from annual reports of the company.COVERAGE OF THE STUDY: The present study was restricted to only one industry named , Bahety chemical & mineralspvt Ltd Dandeli . The included permanent workers, contract workers and staff members.SOURCE OF RESEARCH DATA: There are mainly two through which the data required for the research is collected.PRIMARY DATA:“ Primary data are the data collected to solve problem at hand” In this study through paper the primary data is collected from welfare officer and fromworkers. The information was collected through structured questionnaire and some interviews wereconducted.SECONDARY DATA: “ Secondary data are data that were developed for some purpose other than helping to solve theproblems at hand.” In this study secondary data was collected through the annual report and throughinterest 41 Babasabpatilfreepptmba.com
  • 42. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”CANTEEN FACILITY: 1. Use of the facility: Percentage Yes 90% No 10% Percentage 100% 90% 90% 80% 70% 60% 50% Percentage 40% 30% 20% 10% 10% 0% Yes No Interpretation • 90% of people Respondents are making use of the canteen facility. • 10% of the respondents are not making use of the canteen facility. 42 Babasabpatilfreepptmba.com
  • 43. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”2. Food stuff on subsidized rates : Percentage Yes 88% No 10% Percentage 100% 88% 90% 80% 70% 60% 50% Percentage 40% 30% 20% 10% 10% 0% Yes No Interpretation • 88% people say that food items are reasonable. • 12% of the respondents says that rate of food items arenot reasonable .3. NEED OF WORKERS : Percentage Yes 72% No 28% 43 Babasabpatilfreepptmba.com
  • 44. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Percentage 80% 72% 70% 60% 50% • 40% Percentage 28% • 30% 20% • 10% 0% • Yes No4. Interpretation • 72% of the respondents say that canteen is sufficiently furnished • 28% of the respondents say That canteen is sufficiently not furnished,5. Opinion towards canteen facility : Percentage Yes 56% No 44% 44 Babasabpatilfreepptmba.com
  • 45. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Percentage 60% 56% 50% 44% 40% 30% Percentage 20% 10% 0% Yes No Interpretation • 56% of the respondents are satisfied with the canteen facility provided by the management, • 44% of the respondents are not satisfied with the canteen facility provided by the management,6. Opinion about housing facility 45 Babasabpatilfreepptmba.com
  • 46. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Percentage Yes 84% No 16% Percentage 90% 84% 80% 70% 60% 50% Percentage 40% 30% 20% 16% 10% 0% (a)   Yes                (i)     No Interpretation • 84% of the respondents are satisfied with housing facility • 16% of the respondents are not satisfied with housing facility, 46 Babasabpatilfreepptmba.com
  • 47. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”7. EDUCATION FACILITY : Percentage Yes 90% No 10% Percentage 100% 90% 90% 80% 70% 60% 50% Percentage 40% 30% 20% 10% 10% 0% Yes No Interpretation • 90% of the respondents are using educational facility provided by the company, • 10% of the respondents are not using educational facility provided by the company 47 Babasabpatilfreepptmba.com
  • 48. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”8. Opinion about educational facility Percentage Yes 90% No 10% Percentage 100% 90% 90% 80% 70% 60% 50% Percentage 40% 30% 20% 10% 10% 0% Yes No Interpretation • 90% of the respondents are satisfied with education facility, • 10% of the respondents are not satisfied with education facility, 48 Babasabpatilfreepptmba.com
  • 49. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”EDICAL FACIITY :9. Opinion about the respondents Percentage Yes 90% No 10% Percentage 100% 90% 90% 80% 70% 60% 50% Percentage 40% 30% 20% 10% 10% 0% Yes No Interpretation • Here 90% of the respondents are satisfied with the medical facilities provided by the management, • 10% of the respondents are not satisfied with the medical facilities provided by the management, 49 Babasabpatilfreepptmba.com
  • 50. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”TRANSPOTATION FACILITY:10. Opinion about transportation facility Percentage Yes 75% No 25% Percentage 80% 75% 70% 60% 50% 40% Percentage 30% 25% 20% 10% 0% Yes No Interpretation • 75% of the respondents are satisfied with the present transportation facilities, • 25% of the respondents are not satisfied with the present transportation facilities 50 Babasabpatilfreepptmba.com
  • 51. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Part-4 51 Babasabpatilfreepptmba.com
  • 52. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”SCOPE: • The study helped me to gain the practical knowledge of working of an organization. • I got the knowledge of how Management activities are varying from theoretical aspects. • I got the experience the working of each department in practice and its effectiveness in an organization. • Through This particular study I have learn lot of things like: 1. Time management. 2. Risk bearing. 3. Attitude of the worker towards the top-level management .MAIN OBJECTIVES OF THE STUDY IS:“ To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”THE OTHER OBJECTIVES OF THE STUDY ARE: & To study the attitude of the workers towards the facilities provided, & To find out the extent to which the workers are making use of them, & To evaluate the workers satisfaction with the existing welfare facilities, & To find out the extent to which the workers are meeting the legal requirement and to whatextent the management is providing a psychological satisfactory work environment .RESEARCH METHODOLIGY: The term research methodology denotes the techniques and methods that are adopted forundertaking any research study. The instrument used was self structured questionnaire, and someinterviews were conducted with employees.Sample Size: 20.METHOD OF STUDY: After the general observation of personnel department the topic chosen was welfare facilities providedto the workers. The primary data was collected from labor welfare officer. The main objective is to study what 52 Babasabpatilfreepptmba.com
  • 53. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”all facilities the company is providing to the workers and workers opinion towards these facilities.Secondary data was collected from annual reports of the company.COVERAGE OF THE STUDY: The present study was restricted to only one industry named , Bahety chemical & mineralspvt Ltd Dandeli . The included permanent workers, contract workers and staff members.SOURCE OF RESEARCH DATA: There are mainly two through which the data required for the research is collected .PRIMARY DATA:“ Primary data are the data collected to solve problem at hand” In this study through paper the primary data is collected from welfare officer and fromworkers. The information was collected through structured questionnaire and some interviews wereconducted.SECONDARY DATA: “ Secondary data are data that were developed for some purpose other than helping to solve theproblems at hand.” 53 Babasabpatilfreepptmba.com
  • 54. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Part-5 54 Babasabpatilfreepptmba.com
  • 55. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”FINDINGS: 1. & Through the research it was found that 90% of the respondents are using 2. Canteen facility However only 56& of the respondents who are using 3. The facility are satisfied with the same, 4. & 86% of the respondents are provided with the housing facility and remaining is 5. Provided with the housing allowance, 6. & 38% of the respondents are not satisfied with the present medical facility, 7. & 75% of the respondents are making of the transportation facility and 52% are 8. Satisfied with the same, 9. & 85% of the respondents said that the educational facility provided by the 10. Management is quite good.PERSONAL OBSERVATIONS:Most of the workers are satisfied with the housing allowances,( which are Rs.160 per month) atpresent. There is lack of communication between Top level management and workers.The imitations of the study are:& The Company will have some confidential matter, which cannot be discussed,& The interview of the workers is done randomly,& Most of the time the workers will not give their right opinion,& Time is not sufficient to the organization implementation of facilities in company 55 Babasabpatilfreepptmba.com
  • 56. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”CONCLUSION1. On the whole, the financial position of the company is very good. However ,there are someareas which require immediate attention.2. At present the company is not facing much competition. Hence there is an sample amount ofopportunity for growth.3. In the matter of production, the firm has told good performance .the is also planning forexpansion, and diversification by launching a new product i.e. crystal alum.4. In the matters of HRM the company has good practices .There are some areas which heed toprovide some more employee welfare facilities to increase the morale of the employees.5. On the whole, the company is moving forward with excellent management. 56 Babasabpatilfreepptmba.com
  • 57. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”SUGGESTIONS On the basis of the outcome of in plant training the sincere effort is being made to offer some suggestions to the firm. They are as follows: 1. The Company must try to communicate their problem with its customers .So as to get solved the problem of delaying payments. 2. The company must try to maintain more funds in order to overcome the problem of delaying payments . 3. The company can directly approach the new customers by representing sales representatives, to increase sales, as well as the no. of customers . 4. Steps should be taken to improve the physical environment such as light ventilation etc., 5. Scientific approach should be given importance in some aspects like recruitment, selection, placement, training etc., 6. The company should give more encouragement to increase the workers creativity and efficiency and also some more degree of freedom should be given to workers to take their own decision at work. 57 Babasabpatilfreepptmba.com
  • 58. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.”PROBLEM IDENTIFICATION 1.During the in-plant training in BCM Pvt Ltd it was observed that the raw materials for the company are bought from far off places. The company is bought from far off places. The company is based on chemicals such as alumina and euphoric acid. The non- availability of these resources in local places increases the cost of transportation. This leads to high cost of production. 2.Unusual rise in price of raw materials 3.The company is also facing the problem of delay of payments from its customers. 4. Some time labors are not working seriously, 58 Babasabpatilfreepptmba.com
  • 59. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” QUESTIONNAIRE:As a part my academic am doing my in – plant training on the topic “ Welfare facilities”, so Ikindly request to fill up this questionnaire.Name :Designation :Duration of service : A. Canteen facility : 1) Do you make use of the canteen facility ? Yes No 2) Dose the canteen provide foodstuff on subsidized tats? Yes No 3) Is it sufficient furnished to cater the need of the workers? Yes No 4) What is your opinion towards facilities of the canteen? Yes No B. Housing facility: 5) Dose the management provide any housing facility? Yes No 6) (If no) dose it give any housing allowance? Yes No 7) What is your opinion about housing facility? Yes No 59 Babasabpatilfreepptmba.com
  • 60. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” C. Education facility : 8) Dose the company any educational facility ? Yes No 9) In what way the company is helping to educate the illiterate workers ? ......................................................................................................... .......................................................................................................... 10) What is your opinion about educational facility provided by the management? Satisfied Not satisfied D. Medical facility : 11) Is there a dispensary run bys the management? Yes No 12) Is there a provision for the medical examination? Yes No 13) (If yes) how often is it run ? 1. Yearly 2. Half Yearly 3. Quarterly 14) Do you think the medical facility and service are adequate ? Yes No E. Transportation facility; 15) Dose the management provides any transportation facility? Yes No 16) Do you use the transportation facility ? 60 Babasabpatilfreepptmba.com
  • 61. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” Yes No 17) What is your opinion about this facility ? Satisfied Not satisfied Thanking You 61 Babasabpatilfreepptmba.com
  • 62. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” BIBLIOGRAPHY 1. Human Resources Management - Dr. C. G. Gupta 2. Human Resources Management -Subbarao 3. Company’s memorandum and articles of association 4. Company journal & magazine. 5. www.bcm.com 62 Babasabpatilfreepptmba.com
  • 63. “To Study the welfare facilities provided in the Bahety chemical & minerals pvt Ltd.” 63 Babasabpatilfreepptmba.com