pg. 1
INDUSTRIAL VISIT REPORT
Rado industries
pg. 2
NAME : DangiDharmik
FACULTY : F.Y. B.B.A.
SUBJECT : Industrial visit
FIRM VISITED : RADO INDUSTRIES
CENTER :Rajkot
COLLEGE : Vivekananda college of
Computer science & Management.
UNIVERSITY :SaurashtraUniversity
GUIDANCE : Pro.JatinSheth
ACEDEMIC YEAR : 2014-15”
ROLL NO : 36
PERSONAL INFORMATION
pg. 3
PREFACE
It has been strongly observed that theoretical knowledge alone cannot succeed
rather its practical use is of immense significance for the survival of human beings of late it
has been well accepted that small scale industries have huge employment potential. New
industrial policy – 1991 was a watershed year for India, which witnessed rapid
transformation in the industrial development of India.
In view of significant role played by industries in the economic growth,
SaurashtraUniversity has incorporated industrial visit in BBA course which Provides a
golden opportunity to the students to understand ‘FELT-NEED’ of an industrial
establishment. Hence a project report has to be prepared which enhances the skill of a
student.
The practical visit is an essential feature of business studies. The current
rapidly changing business demands for dynamic entrepreneurs and personnel. The
practical study will enable the students to know about the organization, environment, their
problems and complexities. The project work undertaken here is on “Rado Industries.”
which has proven to be an ideal proprietary private company.
pg. 4
DECLARATION
I understandMr.DangiDharmik student of Vivekananda college of Computer
Science & Management, Rajkot,hereby declare that all the information in this report are
my own research work and. And it has been carried out under the supervision of
Prof.JatinSheth. This report is not been previously submitted to any other university and
should not be given to any university or institute for any purpose
I submit this report to the SaurashtraUniversity for the completion of my F.Y. B.B.A.
examination.
Date :-
Place:-Rajkot
(DANGI DHARMI R)
pg. 5
ACKNOWLEDGEMENT
I am conscious of my gratitude to many people who have extended their help and
inspiration during my project development.
I am greatful to SAURASHTRAUNIVERSITY for putting on industrial visit in our
syllabus and for giving an opportunity to visit it.
I am also thankful to my Prof. JatinSheth for providing me an excellent guidance
pertaining to our training.
Who have shown willingness to import training to the students are co operative and
helpful .Also I thankful to concerned officers of the Rado Industries.
I would like to thank all my friends who directly or indirectly extended their moral
support and help during the project duration.
pg. 6
INDEX
NO. PARTICULAR PAGE NO.
01. INTRODUCTION 07
02. GENERAL INFORMATION 08-15
03. PRODUCTION DEPARTMENT 16-32
04. PERSONAL DEPARTMENT 33-42
05. MARKETING DEPARTMENT 43-50
06. FINANACE DEPARTMENT 51-59
07. FUTURE PLANS 60-61
08. SWOT ANALYSIS 62-63
09. SUGGESTIONS 64-65
10. CONCLUTION 66-67
11. BIBLIOGRAPHY 68-69
pg. 7
INTRODUCTION TO THE FIRM
Name Of The Unit : Rado Industries.
Full Address : Rado Industries.
“SHIVAM ESTATE”
Mira Udhyogic Society,
Plot No. 141,
Aji Ring Road,
Rajkot – 360003
Registered Office : “SHIVAM ESTATE”
Mira Udhyogic Society,
Plot No. 141,
Aji Ring Road,
Rajkot – 360003
Bankers : BANK OF BARODA
Directors : MARSHALBHAI DONGA
Phone No. : +91-281-2387271
Fax : +91-281-2387271
Website : www.radoindustries.in
Mail : rolexeng@rediffmail.com
Form Of Organization : Private Company
pg. 8
GENERAL
INFORMATION
pg. 9
INDEX
SR.NO. PARTICULAR
01. HISTORY OF THE FIRM
02. FORMS OF ORGANISATION AND SIZE
03. ORGANISATION STRUCTURE AND CHART
04. LOCATION
pg. 10
HISTORY OF THE FIRM
Rado Industries was established in 1975 year, manufacturing for Petter
Diesel Engine parts like Main Bearing Housing, Lubricating Oil Pump and
Green Sand Cast Iron Casting. Our oil engine parts are specially designed
and machined for Petter Diesel Engine Series following from 3.5 HP to 14.5
HP high speed engine range. Initially based start-up for work in oil engine
parts manufacturing and helps Indian Agriculture make faster in production
and can work very effectively and better to make revolution in Indian
Agriculture
CNC Lathe Machines Services
We are offering Variable CNC Lathe Machines Job Works Services as per
the client specification. We are always ready to accept any challenge to
provide flawless customized services to our clients efficiently. Combining
innovation with excellence of highly experienced staff, we render
unparalleled solutions within estimated budgets and at a very brisk pace.
pg. 11
FORMS OF ORGANIZATION & SIZE
Form Of Organization:
Verybusinesshasadifferentformof organizationthatismainlydependingoninvestmentand
registrationof thatparticularcompany.
There are four types of organization that are as under:
1. Sole-Proprietorship
2. Partnership
3. Public Company
4. Private Company
5. Co-Operative Company
Here, RADO INDUSTRIES., is a partnership company and follows each and every rules
& regulations of the company Act 1956.
Form Of Size:
Industries are mainly in three forms of sizes they are:
1. Small Scale Size.
2. Medium Scale Size.
3. Large Scale Size.
In case of RADO INDUSTRIES., it is a small scale industry because its initial
investment is started with a very limited amount.
pg. 12
ORGANIZATION STRUCTURE & CHART
The organization is establishing of effective authority relationship among selected
works, persons and work places in order for the group to work together efficiently.
Organization is a basic activity of any business firm
.
The best definition of organization of the process of combining the work which
individual or group have to perform with facilities necessary for its executions that the
duties so performed proved the best channel for its efficient, systematic, positive and
coordinated application of available resources.
Organization structure is the established pattern of relationship among components of
the organization. This prescribes relationship among various position and activity. So, lets
think about RADO INDUSTRIES., we can say it is the good Company, which has an
excellent organization structure.
pg. 13
RADO INDUSTRIES.
CHAIRMAN MR. MARSHALBHAI DONGA
MANAGING DIRECTOR MR. ASHOKBHAI DONGA
GENERAL MANAGER MR. ASHOKBHAI DONGA
Production Manager Personal Manager Financial Manager Marketing Manager
(ASHOKBHAI PATEL) (RAJUBHAI DONGA) (SUNILBHAI POOJARA) (ASHOKBHAI DONGA)
Asst Manager Asst Manager Asst Manager Super Stockiest
Supervisor Workers Accountant Dealer & Retailers
Workers Clerk Customers
pg. 14
LOCATION
Location of industry is main factor, which directly concern with the success and
failure of any company. It plays a vital role in the development of the any company.
RADO INDUSTRIES., is situated at “SHIVAM ESTATE” Mira UdhyogicSociety,Plot No.
141,Aji Ring Road,Rajkot – 360003. which is in Rajkot. It is covered in the total area of 25,000
to 30,000 meters Due to the location of the company egging many advantages.
They are as follows:
 Cheap Labours
 Electricity Supply
 Availability of Raw Material
 Quick transportation
 Suitable Climate
pg. 15
1 .CHEAP LABOURS
As this place is totally industrial estate and this is the main reason the company getting
the best skilled laborers. The company is having 20 to 30 percent of female workers.
2. ELECTRICITY SUPPLY
Due to the area is having so many types of industries the government is ready
to provides 24 hours electric power. It will be highly beneficial for company that it can carry
their activities without any types of hurdles.
3. AVAILIBITY OF RAW MATERIAL
As Rajkot is one of the big city in Saurashtra. So they can easily get the raw
material from the city. The cost of transportation is also not so high because it is just near
byRajkot.
4. QUICK TRANSPORTATION
As the area is covered by other industries which are situated on highways that
is far from city and because of that there is no problem of transportation. The company is
also having its own transportation, which is owed by them and helpful in delivering the
products.
5. SUITABLE CLIMATE
As Rajkot is situated in middle of Gujarat, the main city of Saurastra, which is having best
climate around the whole year also favorable to the products which are produced by the
company.
Due to these above quoted advantages of the company is able to produce
the product at a reasonable cost. This is one of the resin for the great demand of the
product.
pg. 16
PRODUCTION
DEPARTMENT
pg. 17
INDEX
Sr. NO Particular
01 Main product
02 Production procedure
03 Raw material
04 Production procedure
05 Machines & Capacity
06 Product planning and control
07 Disposal of water & waste
pg. 18
Main Product
Rado is producing the goods related to industries. They are
producing forged and machine all rolled rings for all type of M.B. housing.
They have lost of range are as under.
1. M.B. Housing F/W/E Av-1Round
2. AR-M.B. Housing F/W/B TV-1 Round
3. M.B. Housing F/W/E TV-1 FIVE W/E
4. M.B. Housing G/E AV-1 Small
5. M.B. Housing G/E TV-1 Small
6. M.B. Housing F/W/E TRB SHP
pg. 19
Product
pg. 20
Diesel Engine Parts
Bearing Type Housing Field Marshal Type
This is one of our bearing type 5 hp field marshal type housing for
disesel engine spares. We have developed a set of in-house fixtures
especially to check Lubricating oil pump. During casting,special
additives and Inoculants are added in order to achieve desired grade
and performance parameters.
Special Features
 Made on C.N.C. Machines for ImprovedDimensional Accuracy andSurface
Finish
 SpecializedJigs &Fixtures andother inspectionInstruments inorder to
assure total quality products
 Availability of various sizes ranging fromStdto .40 depending upon the
requirement
 Better designandgrade for enhancedperformance and reducedwear and
tear.
pg. 21
Diesel Engine SpareParts
LUBRICATING OIL PUMP 3.5HP FIELDMARSHAL ENGINE
TYPE
This is one of our latest additions in lubricating oil pumps (plunger
type). We have developed a set of in-house fixtures especially to
check Lubricating oil pump. During casting,special additives and
Inoculants are added in order to achieve desired grade and
performance parameters.
Special Features
 Made on C.N.C. Machines for ImprovedDimensional Accuracy andSurface
Finish
 SpecializedJigs &Fixtures andother inspectionInstruments inorder to
assure total quality products
 Availability of various sizes ranging fromStdto .40 depending upon the
requirement
 Better designandgrade for enhancedperformance and reducedwear and
tear.
pg. 22
Oil Engine Spare Parts
Small Housing 3.5 Hp Field Marshal Type
This is one of our small field marshal type housing 3.5hp diesel
engine parts. We have developed a set of in-house fixtures especially
to check Lubricating oil pump. During casting,special additives and
Inoculants are added in order to achieve desired grade and
performance parameters.
Special Features
 Made on C.N.C. Machines for ImprovedDimensional Accuracy andSurface
Finish
 SpecializedJigs &Fixtures andother inspectionInstruments inorder to
assure total quality products
 Availability of various sizes ranging fromStdto .40 depending upon the
requirement
 Better designandgrade for enhancedperformance and reducedwear and
tear.
pg. 23
Raw material
Raw material is very important part in production business.
Without raw material production can’t be go further. If we can get raw
material easily then it is increase out profit.Rado industries is Production
of Raw Materials. And It AfterAProcees On The raw material And Produced
to Finish Goods.
pg. 24
ProductionProcedure
► Production Process :-
1) Raw material:- The Rado industries is First make a Raw material.in
Heavy duty leath machine.
2) bar Heating:- These bars are heated in induction heating furnace
between the care and the surface.
heating ensure fats, controlled, scale free heating
with law temperature
3)Hot Shearing:- After heating the burs they are transferred it to forging
pressing big cutting machine and hot blank.
4) Piercing:- After cutting the bars in specified size, they are piercing
and center punch is removed with the help pf punching machine.
5) Rolling:- Hot bars are transfer to rolling machine and they are formed
blanks in single or double posses, as per required by the size and
scope of the producing
pg. 25
6) proofmachining :- proof machine is done outside of the unit.
Ringsare sent to vendors and they cut 1.5 parts of rings to make
theprocesseasy.Proofmachining is done,if requiredby the
customers.
7) finish Machiningon CNC:- In CNC deprtmentdefferentequipments
fixed in the machine
8) Packing:- After the processis complered,inspectionis done if the
product is okay then it goes for packing is done according to
the requirement.
9) For export:-Wooden box with corogated box and plastic
wrapping.
pg. 26
 Capacity
Rado industries is medium scale industries has modern
technology. So it has capacity to produce 6000 M.T.(installed capacity)
and its utilized capacity is 5600 M.T.
 Forging
1 CroreM.B.Housing rolling lines 1.5 CroreM.B.Housing on combined
national lines.(annually)
 Machining:-
2 CroreM.B.Housing.
pg. 27
Machines & Capacity
Rado equipped with 10 Hevy duty leath machine, 1 CNC machine, 5
Driling machine, 1 Grinders , And Other Instrumant.
► Maintenace& Repair
They have their own facility of but in some cases it repairing is
Not possible, repairing workis done by outside subcontractors
Preventing maintenance schedule is maintained in housh for forging
Plant. For machine annual maintenance contact is given to machine
Supplier.
pg. 28
CNC MACHINE
pg. 29
Products Planning & Control
Rado is a partnership firm. It is a big organization.Their activitiesare
wide spread. So they can not alone manage the
activities of business.
They have appointed different managers for product planning.
Product planning is done on the basis of capacity of machine. The
capacity of machine is defines and according planning is done. Rado is
implementing enterprise resource planning (ERP) software for better
planning.
Rado is a manufacturing unit. Its daliy production is 5 metric
tones in K.G. and 500 In pieces. Its annual production is 3000 M.T.
pg. 30
Quality Policy
Pushing ahead with grueling schedules, punishing deadlines and a
raging desire to be beyond competition roles sets the bar high for
quality standards.
Each stage of manufacturing at Rado industries reflects a profound
presence of excellence in quality.
To meet the most exacting requirements of the most demanding
client, we have an array of sophisticated technology to ensure the
best of quality. High precision measuring instruments such as
spectrometer, electronic microscope, CMM, Contour measuring,
Machine Profile Projector, surface roughness tester etc. lay down
the foundation for the quality of our products.
pg. 31
Since rado has ISO 9002 certificate all procedures are followed
Strictly for maintaining quality. Quality is the prime word at Rado and all
Their products are to ensure uniform quality at all their. They are
Continuously engaged in developing style and climate, which exposes the
Talent enthusiasm and commitment of workers to satisfy their customers
With quality products.
► Quality Control:-
Quality assurance activities for manufacture of all the products
Of plant are closely co-ordinate at following stages.
► Raw Material
► Statical process control at the mill / press / machining.
► Acceptance test of forging.
► Process and products Quality audits.
► Transportation.
pg. 32
There is no pollution created neither by chemicals nor by any
Other waste. So Rado industries is not covered under pollution industries
list.
Disposal of water & waste
In Rado iron pieces are the waste material. This waste is scraped
& is sold to steel plants and for water drainage system is there.
pg. 33
PERSONNEL
pg. 34
DEPARTMENT
Index
Sr. NO Particular
01 Introduction
02 Organization
03 Recruitment & Selection
04 Wages & Salary
05 Personal Records
06 Labor Welfare Activities
pg. 35
INTRODUCTION
The importance of personnel management is being increasingly realized
inIndustrial and non-industrial organization both in Inadian and
Abroad. This Realization hascome about because of increasingly complexity of
the task of managers and administrators.
pg. 36
ORAGANIZATION CHART
Personnel Manager
Assistant
Supervisor
Workers
pg. 37
It is the process of searching prospective employee and altering them to
apply for their job recruitment aims to develop and maintain proper man power
research when unit needs additional employee and hence recruitment is positive
term because of stimulates persons to apply for their job.
RECRUITMENT AND
SELECTIONPROCESESS
In this unit when any necessity occurs in any department management
determines services recruitment and them the ata is collected for the required
jod i.e. the qualification of candidate, years of experience, candidate’s
agelimitation, management irectly consults the employment office and
Advertisementoffice and thus application received for particular job and then they
found uitablecandidate on the basis of application evaluation and then
selection procedure starts.
pg. 38
TRAINING
Training is organized by which employee requires knowledge and skill
for a definite purpose. It is the act of increasing the knowledge and skill of the
worker for doing a certain job.
This industry sends their employees for training to other states of our
country.
pg. 39
The selection procedure differs form unit to unit. Selection of manager,
assistant, clerk and peon are appointed by managing partners. And manufacturing
workers likes storekeeper, quality controller, skilled worker etc… are appointed
by production manager.
In “RADO INDUSTRY” employees are selected by the Manager and Partners.
SELECTION
pg. 40
The company gives wages and salary to its workers and other staff
members according to their post and time period.
Salary paid to manager is Rs.6000-8000 and other permanent employees
100-200.for temporary workers 50, it is Rs.25 per day
WAGES AND SALARY
pg. 41
PERSONAL RECORDS
Every company keep their personal records of its employees. Though
this records they can measure the Regularity of their Regularity of their
employees.
This firm maintains records like;
1. Attendance register.
2. Leave records.
3. Name and address register of all employees.
4. payment register
pg. 42
This company managers or Partners arrange competition like cricket matches
with another company’s employees, cycle races, dandiyaras etc. And give away
prices will help every two or three years.
LABOR WELFARE ACTIVITIES
pg. 43
MARKETING
DEPARTMENT
pg. 44
Marketing Department
1 Introduction
2 Product Planning
3 Sales
4 Sales promotion
5 competitors & Customers
pg. 45
Intorduction
Marketing is typically seen as the task of creatingpromoting
and delivering goods and services to consumers and business.
The American marketing association offers the following
definitions.
Marketing is a social process by which individuals and group obtain what
they need and want through creating, offering and freely exchanging
products and services of values with others.
Marketing is a skill of stimulating demand for company’s
product. But this to limited view of marketing. Just as
production and logistics’ professionals are responsible for supply
management, marketing are responsible for demand management.
Marketing managers Seek to influence they level, timing and
composition of demand to meet the organization’s objective.
Marketing (management) is the process of planning and
executing the conception, pricing, promotion and distribution of
ideas, goods, and services, to create exchanging that satisfy
individual and organization goals.
pg. 46
Product Planning
The pricing policy of Rado is based on cost rawMaterial, consumption of
electricity monthly overheads andSonsumables.
 Demand Forecasting :-
Pricing of the product should be determined carefully.
The price of product generally determined on basis of cost of raw
material, machine used, electricity transport, tax and other consumable
etc.
Product are the building blocks of marketing plan. Product
planning is an important of marketing. Ifproduct planning is sound
than it increases productivity. Product planning
 Pricing :-
 Strategy :-
Sings rado is supplying their goods to MNC Shaving there
manufacturing facility at different source. They have continuous demand
for their product.
pg. 47
Some basic information about sales of Rado is:-
Sales
In rado production is done against order. Demand of product
depends on past performance as they are manufacturing raw
material for large scale bearing manufacturing.
Sales tex……………………………4 % of value
Excise………………………….16 % on product
Central sales tax (CSP)……...4 %
 Daily Sale :-
Daily sales of Rado are approximately 6 lakhs pieces.
 Sales per Annum
Annual sales of Rado is generally 1 month or it may be
Extended to 45 to 60 days.
 Discount/ Allowance :-
Discount or allowance to customers depends on quantity
Demanded and terms of payment.
 Taxesand Duty :-
pg. 48
Sales Promotion
Sales promotion is a direct inducement offering
Extra incentive all along the marketing route to enhance the
Movement of product form producer to customers. Effective
Sales promotion maximizes sales value.
velue. It generates slaes that would not otherwise be achieve.
 After Sales Services:-
As Rado manufacturing raw material for large
Scale bearing manufacturing they don’t give any after sales
Services.
pg. 49
Sales Promotionisan importanttoolin marketingin order to
Facilities smooth working of marketing efforts. Now a days sales
Promotionisbasix necessity for marketingand notmerely a
Luxcurly or a fashion. It is not expenditure but should be
Consider as an investment that can pay good result. It is
Necessary to take direct and immediate inducement that
Includes and extra value to the products, so that the product
Can be easily promoted.
pg. 50
Competitors of Rado there are no
competitor company in India.
In today’s market customers are considered as
King of market. The ultimate object of seller is to satisfy
Customer. It is said that “product what you can sell rather then
Selling what you have made.”
Competitors & Customers
Competitors are the threats of the business
Organization. They are the hurdles in development and survival
Of business unit. But this competition is only responsible for
Quality goods to customers. Now customers can get the better
Quality goods and they have many alternatives for product.
pg. 51
Rado being a global approved source by their Multi
National Companies customers have their facility in most of
The country. They don’t require and market research.
 Advertisement :-
Advertisement is main function of marketing. It makes
People aware about the products that are coming to marketing in
Today’s ear it is very important due to competitive environment.
Rado is manufacturing industrial goods, so they
Don’t need, advertising by media. They directly approach their
customer by mail, fax, phone, or website www.radoindustries.in
 Market research :-
In Today’s environment, market research is veary
much
Essential because through market research only, we can
know about the demand of various products, attitude of
peopletowards products, wants are the changes taking place in
market.
pg. 52
FINANCIAL
DEPARTMENT
pg. 53
1 Role of finance in Business
2 Organization of Finance Department
3 Basic Finance Information
4 Capital Structures
5 Source of Capital
6 Balance Sheet
Contents
pg. 54
The function of finance deals with procurement of
money at the time it is needed and its effective utilization in
the enterprise. It has two important aspects.
1) Economy should be maintained while raising
Resource or
Role of Finance in Business
Finance plays an important role in any business.
Finance is the lifeblood of any business. Without finance, unit
Is not able to perform any activity. In each and every stage,
Finance is needed whether it is establishment or day-to-day
Routine jobs or for development etc. it makes
business Activity feasible. The success of
organization largely
Depends of linance. It ensures smooth running of business
Activity.
Getting loan or advance or overdraft form banking system.
2) Money thus raised should be utilized effectively
And efficiently.
pg. 55
Organization of Finance department
The organization is the structural process in which
Individual interacts for objectives. An organization is an open
Adaptive system with its own environment. It acknowledges
The environments influences. An organization should be
Signed to alpha size human values and meaning of
Individual and his work. In Rado all financial activities are
Carried on under the supervision of Mr. Sunil Poojara who is
In-charge of fiancé department of the firm.
pg. 56
Organization structureof Finance
Partner
FinancialManager
Chief Accountant
AccountingClerk
pg. 57
Basic Financial Information
► Initial Capital……………………………………Rs. 5Crores
► current Capital…………………………………..Rs. 7Crores.
► Turn over………………………………………..Rs. 25Crores. P.A.
► Amount invested………………………………...Rs. 1,49,40,000.
In fixes Assets.
► Bankers ro Bank…………………………………oriental Bank of
Baroda
► auditor……………………………………………..SunilbhaiPoojara
► accounting Method………………………………Mercantile Base.
► Depreciation Rate………………………………..10 % to 60 %
► interest on Capital………………………………..15 %
pg. 58
Capital Structure
 Capital Structure of Rado Consist of following :-
Banker - Rs. 4Crores
Partners - Rs. 3Crores
Total Capital - Rs. 7Crores
Capital Structure of company is made of
composition of capitalization that is different typs of capital
acquired from different sources. It can be said that capital
structure consists of borrowed capital and ownership
capital.
pg. 59
In this age of their big size, their need for financial
Resources also becomes big one. This need can’t be satisfied by
One resource only. Directors have to think of several sources for
getting the required funds. They have option open for collecting
finacial resources though indigenous bankers, bank, and
place like financial getting state help over and obove ownership
capital. Besides, it is also fact that established unit can create its
own internal rosource while doing its business activity.
Source of finance of short term and log term of
Rado industries are banks like Oriented Bank of Baroda and
Other financial institutions.
Source of Capital
Everv business unit is in need of fixed and working
Capital accounding to its typs and size, with the beginning of
Business. Throughout its existence capital is needed in
Business. The amount of reqirement of fixed capital is more
Then of working capital.
pg. 60
Liablities Rs. Assets Rs.
Capital 7,00,00,000 Land 10,86,30,000
Net Profit 4,61,60,790 Machinery 2,52,50,000
Secured Loan 2,83,00,000 computers 17,05,000
Unsecured Loan 1,52,00,000 printer 2,30,000
Intereston Loan 25,11,000 Fax machine 1,70,000
Creditor 95,00,000 Vehicles 75,00,000
A/cs payable 35,39,000 Debtor 98,65,000
Bank overdraft 75,48,597 A/cs receivable 25,35,000
Furniture 45,90,000
Stock 35,38,182
Raw Materials 10,00,000
Investment 1,49,40,000
Cash & Bank bal. 1,28,06,305
20,27,59,387 20,27,59,387
Balance Sheet
pg. 61
FUTURE PLAN
pg. 62
Future Plans under Consideration.
High Speed Hot Former.
Online Crack Detector.
Replacement of Old Presses with New One.
Future Plans
Future Plans
Established business develops every year. Besides due to changes in
The demand, fashion, technology of production or due to induction of new
machines or inventions – modernization or changes become necessary.
Rado is going for major expansion by increases the capacity from
5600 tons to 18,000 tons by installing japanise machine called sakamura
and also going for value addition by adding the facality of heart treatment
and grinding.
Rado is already ISO 9002 companyand is going for QS 9000,the
quality system. They are also implementing enterprice resources planning
(ERP)software better planning.
pg. 63
SWOT ANALYSIS
pg. 64
SWOT Analysis
S:- Strength
Their strength is that, their profit is increase year to year and they
also increase their turn over during every year. Also they developed new
product and involve new marketing policy.
W:- Wickness
Their place, machinery and plant are very small so that they face
many problem. And they produce a pipe and this pipe arise a bad small and
buyer face a problem.
O:- Opportunity
They produce a new product and this product and this product cover
market and with stand in competition. They get more exported market.
T:- Threat
For product produce, machinery used which is more harmful. When they
export the product at that time they face that problem if payment is not
made.
pg. 65
SUGGESTION
pg. 66
Suggestion
“it the world of god individul is striving for perfection. No
one is perfect. But constant endeavor for excellence leads toeards perfection.
No one is perfect. Butconstantendeavorfor excellenceleadstowards
Perfection. Rado industries is a mark of quality & excellent service.
However, top become a world leader one should not remain unaware
Of seal-weakness. The world is changing rapidly especially in the area of
Business.
The possible suggestion for Rolex industries form me are us under :-
1) ADVERTISING :-
2) STARTEGY:-
Company should adopt attractive distributor’s promotion strategy.
SUGGESION
Rado industries is spending only 2 % of its income on advertising while they
Need to spend at least 5 % ,so then can cover market & attend customer more
Easily.
pg. 67
Conclusions
pg. 68
Concalusion
conclusion
The last and final stage of this report is ending with conclusion. At
theand of this report we can easily. Understand that Rado is one of the
leading firms in production of rolled rings for large – scale manufacture of
bearing industry. It has most efficient and effenmtive management system and
this is the mani reason behind its development.
From the study fo of this report, it is very clear that Rado is quickly
climbing up the ladder of success. This report is concluded with all the best
wishes for then growth and prosperity of Rado industries in the coming
years.
pg. 69
pg. 70
Marketing Management
Personnel Management
Production Management
Finance Management
By Ashok Patel.
By Marshal Patel.
By Ashok Donga.
By Sunil poojara.
Bibliography
Bibliography
www.radoindustries.in

F.y. rado

  • 1.
    pg. 1 INDUSTRIAL VISITREPORT Rado industries
  • 2.
    pg. 2 NAME :DangiDharmik FACULTY : F.Y. B.B.A. SUBJECT : Industrial visit FIRM VISITED : RADO INDUSTRIES CENTER :Rajkot COLLEGE : Vivekananda college of Computer science & Management. UNIVERSITY :SaurashtraUniversity GUIDANCE : Pro.JatinSheth ACEDEMIC YEAR : 2014-15” ROLL NO : 36 PERSONAL INFORMATION
  • 3.
    pg. 3 PREFACE It hasbeen strongly observed that theoretical knowledge alone cannot succeed rather its practical use is of immense significance for the survival of human beings of late it has been well accepted that small scale industries have huge employment potential. New industrial policy – 1991 was a watershed year for India, which witnessed rapid transformation in the industrial development of India. In view of significant role played by industries in the economic growth, SaurashtraUniversity has incorporated industrial visit in BBA course which Provides a golden opportunity to the students to understand ‘FELT-NEED’ of an industrial establishment. Hence a project report has to be prepared which enhances the skill of a student. The practical visit is an essential feature of business studies. The current rapidly changing business demands for dynamic entrepreneurs and personnel. The practical study will enable the students to know about the organization, environment, their problems and complexities. The project work undertaken here is on “Rado Industries.” which has proven to be an ideal proprietary private company.
  • 4.
    pg. 4 DECLARATION I understandMr.DangiDharmikstudent of Vivekananda college of Computer Science & Management, Rajkot,hereby declare that all the information in this report are my own research work and. And it has been carried out under the supervision of Prof.JatinSheth. This report is not been previously submitted to any other university and should not be given to any university or institute for any purpose I submit this report to the SaurashtraUniversity for the completion of my F.Y. B.B.A. examination. Date :- Place:-Rajkot (DANGI DHARMI R)
  • 5.
    pg. 5 ACKNOWLEDGEMENT I amconscious of my gratitude to many people who have extended their help and inspiration during my project development. I am greatful to SAURASHTRAUNIVERSITY for putting on industrial visit in our syllabus and for giving an opportunity to visit it. I am also thankful to my Prof. JatinSheth for providing me an excellent guidance pertaining to our training. Who have shown willingness to import training to the students are co operative and helpful .Also I thankful to concerned officers of the Rado Industries. I would like to thank all my friends who directly or indirectly extended their moral support and help during the project duration.
  • 6.
    pg. 6 INDEX NO. PARTICULARPAGE NO. 01. INTRODUCTION 07 02. GENERAL INFORMATION 08-15 03. PRODUCTION DEPARTMENT 16-32 04. PERSONAL DEPARTMENT 33-42 05. MARKETING DEPARTMENT 43-50 06. FINANACE DEPARTMENT 51-59 07. FUTURE PLANS 60-61 08. SWOT ANALYSIS 62-63 09. SUGGESTIONS 64-65 10. CONCLUTION 66-67 11. BIBLIOGRAPHY 68-69
  • 7.
    pg. 7 INTRODUCTION TOTHE FIRM Name Of The Unit : Rado Industries. Full Address : Rado Industries. “SHIVAM ESTATE” Mira Udhyogic Society, Plot No. 141, Aji Ring Road, Rajkot – 360003 Registered Office : “SHIVAM ESTATE” Mira Udhyogic Society, Plot No. 141, Aji Ring Road, Rajkot – 360003 Bankers : BANK OF BARODA Directors : MARSHALBHAI DONGA Phone No. : +91-281-2387271 Fax : +91-281-2387271 Website : www.radoindustries.in Mail : rolexeng@rediffmail.com Form Of Organization : Private Company
  • 8.
  • 9.
    pg. 9 INDEX SR.NO. PARTICULAR 01.HISTORY OF THE FIRM 02. FORMS OF ORGANISATION AND SIZE 03. ORGANISATION STRUCTURE AND CHART 04. LOCATION
  • 10.
    pg. 10 HISTORY OFTHE FIRM Rado Industries was established in 1975 year, manufacturing for Petter Diesel Engine parts like Main Bearing Housing, Lubricating Oil Pump and Green Sand Cast Iron Casting. Our oil engine parts are specially designed and machined for Petter Diesel Engine Series following from 3.5 HP to 14.5 HP high speed engine range. Initially based start-up for work in oil engine parts manufacturing and helps Indian Agriculture make faster in production and can work very effectively and better to make revolution in Indian Agriculture CNC Lathe Machines Services We are offering Variable CNC Lathe Machines Job Works Services as per the client specification. We are always ready to accept any challenge to provide flawless customized services to our clients efficiently. Combining innovation with excellence of highly experienced staff, we render unparalleled solutions within estimated budgets and at a very brisk pace.
  • 11.
    pg. 11 FORMS OFORGANIZATION & SIZE Form Of Organization: Verybusinesshasadifferentformof organizationthatismainlydependingoninvestmentand registrationof thatparticularcompany. There are four types of organization that are as under: 1. Sole-Proprietorship 2. Partnership 3. Public Company 4. Private Company 5. Co-Operative Company Here, RADO INDUSTRIES., is a partnership company and follows each and every rules & regulations of the company Act 1956. Form Of Size: Industries are mainly in three forms of sizes they are: 1. Small Scale Size. 2. Medium Scale Size. 3. Large Scale Size. In case of RADO INDUSTRIES., it is a small scale industry because its initial investment is started with a very limited amount.
  • 12.
    pg. 12 ORGANIZATION STRUCTURE& CHART The organization is establishing of effective authority relationship among selected works, persons and work places in order for the group to work together efficiently. Organization is a basic activity of any business firm . The best definition of organization of the process of combining the work which individual or group have to perform with facilities necessary for its executions that the duties so performed proved the best channel for its efficient, systematic, positive and coordinated application of available resources. Organization structure is the established pattern of relationship among components of the organization. This prescribes relationship among various position and activity. So, lets think about RADO INDUSTRIES., we can say it is the good Company, which has an excellent organization structure.
  • 13.
    pg. 13 RADO INDUSTRIES. CHAIRMANMR. MARSHALBHAI DONGA MANAGING DIRECTOR MR. ASHOKBHAI DONGA GENERAL MANAGER MR. ASHOKBHAI DONGA Production Manager Personal Manager Financial Manager Marketing Manager (ASHOKBHAI PATEL) (RAJUBHAI DONGA) (SUNILBHAI POOJARA) (ASHOKBHAI DONGA) Asst Manager Asst Manager Asst Manager Super Stockiest Supervisor Workers Accountant Dealer & Retailers Workers Clerk Customers
  • 14.
    pg. 14 LOCATION Location ofindustry is main factor, which directly concern with the success and failure of any company. It plays a vital role in the development of the any company. RADO INDUSTRIES., is situated at “SHIVAM ESTATE” Mira UdhyogicSociety,Plot No. 141,Aji Ring Road,Rajkot – 360003. which is in Rajkot. It is covered in the total area of 25,000 to 30,000 meters Due to the location of the company egging many advantages. They are as follows:  Cheap Labours  Electricity Supply  Availability of Raw Material  Quick transportation  Suitable Climate
  • 15.
    pg. 15 1 .CHEAPLABOURS As this place is totally industrial estate and this is the main reason the company getting the best skilled laborers. The company is having 20 to 30 percent of female workers. 2. ELECTRICITY SUPPLY Due to the area is having so many types of industries the government is ready to provides 24 hours electric power. It will be highly beneficial for company that it can carry their activities without any types of hurdles. 3. AVAILIBITY OF RAW MATERIAL As Rajkot is one of the big city in Saurashtra. So they can easily get the raw material from the city. The cost of transportation is also not so high because it is just near byRajkot. 4. QUICK TRANSPORTATION As the area is covered by other industries which are situated on highways that is far from city and because of that there is no problem of transportation. The company is also having its own transportation, which is owed by them and helpful in delivering the products. 5. SUITABLE CLIMATE As Rajkot is situated in middle of Gujarat, the main city of Saurastra, which is having best climate around the whole year also favorable to the products which are produced by the company. Due to these above quoted advantages of the company is able to produce the product at a reasonable cost. This is one of the resin for the great demand of the product.
  • 16.
  • 17.
    pg. 17 INDEX Sr. NOParticular 01 Main product 02 Production procedure 03 Raw material 04 Production procedure 05 Machines & Capacity 06 Product planning and control 07 Disposal of water & waste
  • 18.
    pg. 18 Main Product Radois producing the goods related to industries. They are producing forged and machine all rolled rings for all type of M.B. housing. They have lost of range are as under. 1. M.B. Housing F/W/E Av-1Round 2. AR-M.B. Housing F/W/B TV-1 Round 3. M.B. Housing F/W/E TV-1 FIVE W/E 4. M.B. Housing G/E AV-1 Small 5. M.B. Housing G/E TV-1 Small 6. M.B. Housing F/W/E TRB SHP
  • 19.
  • 20.
    pg. 20 Diesel EngineParts Bearing Type Housing Field Marshal Type This is one of our bearing type 5 hp field marshal type housing for disesel engine spares. We have developed a set of in-house fixtures especially to check Lubricating oil pump. During casting,special additives and Inoculants are added in order to achieve desired grade and performance parameters. Special Features  Made on C.N.C. Machines for ImprovedDimensional Accuracy andSurface Finish  SpecializedJigs &Fixtures andother inspectionInstruments inorder to assure total quality products  Availability of various sizes ranging fromStdto .40 depending upon the requirement  Better designandgrade for enhancedperformance and reducedwear and tear.
  • 21.
    pg. 21 Diesel EngineSpareParts LUBRICATING OIL PUMP 3.5HP FIELDMARSHAL ENGINE TYPE This is one of our latest additions in lubricating oil pumps (plunger type). We have developed a set of in-house fixtures especially to check Lubricating oil pump. During casting,special additives and Inoculants are added in order to achieve desired grade and performance parameters. Special Features  Made on C.N.C. Machines for ImprovedDimensional Accuracy andSurface Finish  SpecializedJigs &Fixtures andother inspectionInstruments inorder to assure total quality products  Availability of various sizes ranging fromStdto .40 depending upon the requirement  Better designandgrade for enhancedperformance and reducedwear and tear.
  • 22.
    pg. 22 Oil EngineSpare Parts Small Housing 3.5 Hp Field Marshal Type This is one of our small field marshal type housing 3.5hp diesel engine parts. We have developed a set of in-house fixtures especially to check Lubricating oil pump. During casting,special additives and Inoculants are added in order to achieve desired grade and performance parameters. Special Features  Made on C.N.C. Machines for ImprovedDimensional Accuracy andSurface Finish  SpecializedJigs &Fixtures andother inspectionInstruments inorder to assure total quality products  Availability of various sizes ranging fromStdto .40 depending upon the requirement  Better designandgrade for enhancedperformance and reducedwear and tear.
  • 23.
    pg. 23 Raw material Rawmaterial is very important part in production business. Without raw material production can’t be go further. If we can get raw material easily then it is increase out profit.Rado industries is Production of Raw Materials. And It AfterAProcees On The raw material And Produced to Finish Goods.
  • 24.
    pg. 24 ProductionProcedure ► ProductionProcess :- 1) Raw material:- The Rado industries is First make a Raw material.in Heavy duty leath machine. 2) bar Heating:- These bars are heated in induction heating furnace between the care and the surface. heating ensure fats, controlled, scale free heating with law temperature 3)Hot Shearing:- After heating the burs they are transferred it to forging pressing big cutting machine and hot blank. 4) Piercing:- After cutting the bars in specified size, they are piercing and center punch is removed with the help pf punching machine. 5) Rolling:- Hot bars are transfer to rolling machine and they are formed blanks in single or double posses, as per required by the size and scope of the producing
  • 25.
    pg. 25 6) proofmachining:- proof machine is done outside of the unit. Ringsare sent to vendors and they cut 1.5 parts of rings to make theprocesseasy.Proofmachining is done,if requiredby the customers. 7) finish Machiningon CNC:- In CNC deprtmentdefferentequipments fixed in the machine 8) Packing:- After the processis complered,inspectionis done if the product is okay then it goes for packing is done according to the requirement. 9) For export:-Wooden box with corogated box and plastic wrapping.
  • 26.
    pg. 26  Capacity Radoindustries is medium scale industries has modern technology. So it has capacity to produce 6000 M.T.(installed capacity) and its utilized capacity is 5600 M.T.  Forging 1 CroreM.B.Housing rolling lines 1.5 CroreM.B.Housing on combined national lines.(annually)  Machining:- 2 CroreM.B.Housing.
  • 27.
    pg. 27 Machines &Capacity Rado equipped with 10 Hevy duty leath machine, 1 CNC machine, 5 Driling machine, 1 Grinders , And Other Instrumant. ► Maintenace& Repair They have their own facility of but in some cases it repairing is Not possible, repairing workis done by outside subcontractors Preventing maintenance schedule is maintained in housh for forging Plant. For machine annual maintenance contact is given to machine Supplier.
  • 28.
  • 29.
    pg. 29 Products Planning& Control Rado is a partnership firm. It is a big organization.Their activitiesare wide spread. So they can not alone manage the activities of business. They have appointed different managers for product planning. Product planning is done on the basis of capacity of machine. The capacity of machine is defines and according planning is done. Rado is implementing enterprise resource planning (ERP) software for better planning. Rado is a manufacturing unit. Its daliy production is 5 metric tones in K.G. and 500 In pieces. Its annual production is 3000 M.T.
  • 30.
    pg. 30 Quality Policy Pushingahead with grueling schedules, punishing deadlines and a raging desire to be beyond competition roles sets the bar high for quality standards. Each stage of manufacturing at Rado industries reflects a profound presence of excellence in quality. To meet the most exacting requirements of the most demanding client, we have an array of sophisticated technology to ensure the best of quality. High precision measuring instruments such as spectrometer, electronic microscope, CMM, Contour measuring, Machine Profile Projector, surface roughness tester etc. lay down the foundation for the quality of our products.
  • 31.
    pg. 31 Since radohas ISO 9002 certificate all procedures are followed Strictly for maintaining quality. Quality is the prime word at Rado and all Their products are to ensure uniform quality at all their. They are Continuously engaged in developing style and climate, which exposes the Talent enthusiasm and commitment of workers to satisfy their customers With quality products. ► Quality Control:- Quality assurance activities for manufacture of all the products Of plant are closely co-ordinate at following stages. ► Raw Material ► Statical process control at the mill / press / machining. ► Acceptance test of forging. ► Process and products Quality audits. ► Transportation.
  • 32.
    pg. 32 There isno pollution created neither by chemicals nor by any Other waste. So Rado industries is not covered under pollution industries list. Disposal of water & waste In Rado iron pieces are the waste material. This waste is scraped & is sold to steel plants and for water drainage system is there.
  • 33.
  • 34.
    pg. 34 DEPARTMENT Index Sr. NOParticular 01 Introduction 02 Organization 03 Recruitment & Selection 04 Wages & Salary 05 Personal Records 06 Labor Welfare Activities
  • 35.
    pg. 35 INTRODUCTION The importanceof personnel management is being increasingly realized inIndustrial and non-industrial organization both in Inadian and Abroad. This Realization hascome about because of increasingly complexity of the task of managers and administrators.
  • 36.
    pg. 36 ORAGANIZATION CHART PersonnelManager Assistant Supervisor Workers
  • 37.
    pg. 37 It isthe process of searching prospective employee and altering them to apply for their job recruitment aims to develop and maintain proper man power research when unit needs additional employee and hence recruitment is positive term because of stimulates persons to apply for their job. RECRUITMENT AND SELECTIONPROCESESS In this unit when any necessity occurs in any department management determines services recruitment and them the ata is collected for the required jod i.e. the qualification of candidate, years of experience, candidate’s agelimitation, management irectly consults the employment office and Advertisementoffice and thus application received for particular job and then they found uitablecandidate on the basis of application evaluation and then selection procedure starts.
  • 38.
    pg. 38 TRAINING Training isorganized by which employee requires knowledge and skill for a definite purpose. It is the act of increasing the knowledge and skill of the worker for doing a certain job. This industry sends their employees for training to other states of our country.
  • 39.
    pg. 39 The selectionprocedure differs form unit to unit. Selection of manager, assistant, clerk and peon are appointed by managing partners. And manufacturing workers likes storekeeper, quality controller, skilled worker etc… are appointed by production manager. In “RADO INDUSTRY” employees are selected by the Manager and Partners. SELECTION
  • 40.
    pg. 40 The companygives wages and salary to its workers and other staff members according to their post and time period. Salary paid to manager is Rs.6000-8000 and other permanent employees 100-200.for temporary workers 50, it is Rs.25 per day WAGES AND SALARY
  • 41.
    pg. 41 PERSONAL RECORDS Everycompany keep their personal records of its employees. Though this records they can measure the Regularity of their Regularity of their employees. This firm maintains records like; 1. Attendance register. 2. Leave records. 3. Name and address register of all employees. 4. payment register
  • 42.
    pg. 42 This companymanagers or Partners arrange competition like cricket matches with another company’s employees, cycle races, dandiyaras etc. And give away prices will help every two or three years. LABOR WELFARE ACTIVITIES
  • 43.
  • 44.
    pg. 44 Marketing Department 1Introduction 2 Product Planning 3 Sales 4 Sales promotion 5 competitors & Customers
  • 45.
    pg. 45 Intorduction Marketing istypically seen as the task of creatingpromoting and delivering goods and services to consumers and business. The American marketing association offers the following definitions. Marketing is a social process by which individuals and group obtain what they need and want through creating, offering and freely exchanging products and services of values with others. Marketing is a skill of stimulating demand for company’s product. But this to limited view of marketing. Just as production and logistics’ professionals are responsible for supply management, marketing are responsible for demand management. Marketing managers Seek to influence they level, timing and composition of demand to meet the organization’s objective. Marketing (management) is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services, to create exchanging that satisfy individual and organization goals.
  • 46.
    pg. 46 Product Planning Thepricing policy of Rado is based on cost rawMaterial, consumption of electricity monthly overheads andSonsumables.  Demand Forecasting :- Pricing of the product should be determined carefully. The price of product generally determined on basis of cost of raw material, machine used, electricity transport, tax and other consumable etc. Product are the building blocks of marketing plan. Product planning is an important of marketing. Ifproduct planning is sound than it increases productivity. Product planning  Pricing :-  Strategy :- Sings rado is supplying their goods to MNC Shaving there manufacturing facility at different source. They have continuous demand for their product.
  • 47.
    pg. 47 Some basicinformation about sales of Rado is:- Sales In rado production is done against order. Demand of product depends on past performance as they are manufacturing raw material for large scale bearing manufacturing. Sales tex……………………………4 % of value Excise………………………….16 % on product Central sales tax (CSP)……...4 %  Daily Sale :- Daily sales of Rado are approximately 6 lakhs pieces.  Sales per Annum Annual sales of Rado is generally 1 month or it may be Extended to 45 to 60 days.  Discount/ Allowance :- Discount or allowance to customers depends on quantity Demanded and terms of payment.  Taxesand Duty :-
  • 48.
    pg. 48 Sales Promotion Salespromotion is a direct inducement offering Extra incentive all along the marketing route to enhance the Movement of product form producer to customers. Effective Sales promotion maximizes sales value. velue. It generates slaes that would not otherwise be achieve.  After Sales Services:- As Rado manufacturing raw material for large Scale bearing manufacturing they don’t give any after sales Services.
  • 49.
    pg. 49 Sales Promotionisanimportanttoolin marketingin order to Facilities smooth working of marketing efforts. Now a days sales Promotionisbasix necessity for marketingand notmerely a Luxcurly or a fashion. It is not expenditure but should be Consider as an investment that can pay good result. It is Necessary to take direct and immediate inducement that Includes and extra value to the products, so that the product Can be easily promoted.
  • 50.
    pg. 50 Competitors ofRado there are no competitor company in India. In today’s market customers are considered as King of market. The ultimate object of seller is to satisfy Customer. It is said that “product what you can sell rather then Selling what you have made.” Competitors & Customers Competitors are the threats of the business Organization. They are the hurdles in development and survival Of business unit. But this competition is only responsible for Quality goods to customers. Now customers can get the better Quality goods and they have many alternatives for product.
  • 51.
    pg. 51 Rado beinga global approved source by their Multi National Companies customers have their facility in most of The country. They don’t require and market research.  Advertisement :- Advertisement is main function of marketing. It makes People aware about the products that are coming to marketing in Today’s ear it is very important due to competitive environment. Rado is manufacturing industrial goods, so they Don’t need, advertising by media. They directly approach their customer by mail, fax, phone, or website www.radoindustries.in  Market research :- In Today’s environment, market research is veary much Essential because through market research only, we can know about the demand of various products, attitude of peopletowards products, wants are the changes taking place in market.
  • 52.
  • 53.
    pg. 53 1 Roleof finance in Business 2 Organization of Finance Department 3 Basic Finance Information 4 Capital Structures 5 Source of Capital 6 Balance Sheet Contents
  • 54.
    pg. 54 The functionof finance deals with procurement of money at the time it is needed and its effective utilization in the enterprise. It has two important aspects. 1) Economy should be maintained while raising Resource or Role of Finance in Business Finance plays an important role in any business. Finance is the lifeblood of any business. Without finance, unit Is not able to perform any activity. In each and every stage, Finance is needed whether it is establishment or day-to-day Routine jobs or for development etc. it makes business Activity feasible. The success of organization largely Depends of linance. It ensures smooth running of business Activity. Getting loan or advance or overdraft form banking system. 2) Money thus raised should be utilized effectively And efficiently.
  • 55.
    pg. 55 Organization ofFinance department The organization is the structural process in which Individual interacts for objectives. An organization is an open Adaptive system with its own environment. It acknowledges The environments influences. An organization should be Signed to alpha size human values and meaning of Individual and his work. In Rado all financial activities are Carried on under the supervision of Mr. Sunil Poojara who is In-charge of fiancé department of the firm.
  • 56.
    pg. 56 Organization structureofFinance Partner FinancialManager Chief Accountant AccountingClerk
  • 57.
    pg. 57 Basic FinancialInformation ► Initial Capital……………………………………Rs. 5Crores ► current Capital…………………………………..Rs. 7Crores. ► Turn over………………………………………..Rs. 25Crores. P.A. ► Amount invested………………………………...Rs. 1,49,40,000. In fixes Assets. ► Bankers ro Bank…………………………………oriental Bank of Baroda ► auditor……………………………………………..SunilbhaiPoojara ► accounting Method………………………………Mercantile Base. ► Depreciation Rate………………………………..10 % to 60 % ► interest on Capital………………………………..15 %
  • 58.
    pg. 58 Capital Structure Capital Structure of Rado Consist of following :- Banker - Rs. 4Crores Partners - Rs. 3Crores Total Capital - Rs. 7Crores Capital Structure of company is made of composition of capitalization that is different typs of capital acquired from different sources. It can be said that capital structure consists of borrowed capital and ownership capital.
  • 59.
    pg. 59 In thisage of their big size, their need for financial Resources also becomes big one. This need can’t be satisfied by One resource only. Directors have to think of several sources for getting the required funds. They have option open for collecting finacial resources though indigenous bankers, bank, and place like financial getting state help over and obove ownership capital. Besides, it is also fact that established unit can create its own internal rosource while doing its business activity. Source of finance of short term and log term of Rado industries are banks like Oriented Bank of Baroda and Other financial institutions. Source of Capital Everv business unit is in need of fixed and working Capital accounding to its typs and size, with the beginning of Business. Throughout its existence capital is needed in Business. The amount of reqirement of fixed capital is more Then of working capital.
  • 60.
    pg. 60 Liablities Rs.Assets Rs. Capital 7,00,00,000 Land 10,86,30,000 Net Profit 4,61,60,790 Machinery 2,52,50,000 Secured Loan 2,83,00,000 computers 17,05,000 Unsecured Loan 1,52,00,000 printer 2,30,000 Intereston Loan 25,11,000 Fax machine 1,70,000 Creditor 95,00,000 Vehicles 75,00,000 A/cs payable 35,39,000 Debtor 98,65,000 Bank overdraft 75,48,597 A/cs receivable 25,35,000 Furniture 45,90,000 Stock 35,38,182 Raw Materials 10,00,000 Investment 1,49,40,000 Cash & Bank bal. 1,28,06,305 20,27,59,387 20,27,59,387 Balance Sheet
  • 61.
  • 62.
    pg. 62 Future Plansunder Consideration. High Speed Hot Former. Online Crack Detector. Replacement of Old Presses with New One. Future Plans Future Plans Established business develops every year. Besides due to changes in The demand, fashion, technology of production or due to induction of new machines or inventions – modernization or changes become necessary. Rado is going for major expansion by increases the capacity from 5600 tons to 18,000 tons by installing japanise machine called sakamura and also going for value addition by adding the facality of heart treatment and grinding. Rado is already ISO 9002 companyand is going for QS 9000,the quality system. They are also implementing enterprice resources planning (ERP)software better planning.
  • 63.
  • 64.
    pg. 64 SWOT Analysis S:-Strength Their strength is that, their profit is increase year to year and they also increase their turn over during every year. Also they developed new product and involve new marketing policy. W:- Wickness Their place, machinery and plant are very small so that they face many problem. And they produce a pipe and this pipe arise a bad small and buyer face a problem. O:- Opportunity They produce a new product and this product and this product cover market and with stand in competition. They get more exported market. T:- Threat For product produce, machinery used which is more harmful. When they export the product at that time they face that problem if payment is not made.
  • 65.
  • 66.
    pg. 66 Suggestion “it theworld of god individul is striving for perfection. No one is perfect. But constant endeavor for excellence leads toeards perfection. No one is perfect. Butconstantendeavorfor excellenceleadstowards Perfection. Rado industries is a mark of quality & excellent service. However, top become a world leader one should not remain unaware Of seal-weakness. The world is changing rapidly especially in the area of Business. The possible suggestion for Rolex industries form me are us under :- 1) ADVERTISING :- 2) STARTEGY:- Company should adopt attractive distributor’s promotion strategy. SUGGESION Rado industries is spending only 2 % of its income on advertising while they Need to spend at least 5 % ,so then can cover market & attend customer more Easily.
  • 67.
  • 68.
    pg. 68 Concalusion conclusion The lastand final stage of this report is ending with conclusion. At theand of this report we can easily. Understand that Rado is one of the leading firms in production of rolled rings for large – scale manufacture of bearing industry. It has most efficient and effenmtive management system and this is the mani reason behind its development. From the study fo of this report, it is very clear that Rado is quickly climbing up the ladder of success. This report is concluded with all the best wishes for then growth and prosperity of Rado industries in the coming years.
  • 69.
  • 70.
    pg. 70 Marketing Management PersonnelManagement Production Management Finance Management By Ashok Patel. By Marshal Patel. By Ashok Donga. By Sunil poojara. Bibliography Bibliography www.radoindustries.in