Dr.

Babasaheb Ambedkar Marathwada University,Aurangabad

A REPORT ON IN-PLANT TRAINING AT

BCL SPRINGS LIMITED

AURANGABAD Submitted to

Jibran Quadri Institute Of Management Science And Research

Gut No.189 Ohar Villege ,Tq.Dist Augangabad

In Partial Fulfillment of the Requirement for the Award of The Degree of Master of Business Administration

2008-2009 Guided By Prof. Quazi Zubair Sir Submitted By Mr.Mohammed Abdul Taufeeq M.B.A.-III (SEM)

Roll no.-07

JIBRAN QUADRI INSTITUTE OF MANAGEMENT SCIENCE AND RESEARCH

OHAR TQ.DIST AURANGABAD

CERTIFICATE
This to certify that Mr. Mohammed Abdul Taufeeq Student of MBA second year has successfully completed his In-plant training at BCL SPRINGS Aurangabad. He has immense ability to do his work.

GUIDED BY (PROF.Quazi Zubair Sir)

DIRECTOR Dr.K.D. Phuke Sir

ACKNOWLEGEMENT
It is our pleasure to place on record our sincere gratitude towards our guide Mr. Virendra Sharma (HRD Dept.) BCL SPRINGS Limited, who spent his precious time providing continuous ideas and expert guidance to our Report work, it was his direction and encouragement at every movement and step that motivated us to steer the research work confidently and successfully. We are also thankful to our Venerable Director Dr.Phuke Sir & Prof. Zubair Sir, and whose encouragement, moral support and provide the valuable guidance, which has been a source of inspiration to us. Lastly, but truly I would like to thanks to all the employees at their respective levels in Bombay Company Ltd. For their kind support & co-operation during the tenure of this project.

Index
COMPANY PROFILE HISTORY OF THE COMPANY BOARD OF DIRECTORES VISION & FOCUS INFRASTRUCTURE PRODUCT GALLERY VALUE CHAIN BCL STRUCTURE DEPARTMENTS:PURCHASE PRODUCTION MAINTAINACE SPRING PRODUCTION QUALITY ASSURANCE STORE FINANCE SALES & MARKETING HUMAN RESOURCE SWOT ANALYSIS SPECIAL OBSERVATION OF BCL SPRINGS CONCLUSION SUGGESTIONS BIBLOGRAPHY

Company Profile

Shri.N.Wadia Founder of BCL Springs Fair & ethical dealings, trust & integrity
The Bombay Company Ltd., one of the oldest companies in India, was established in 1886. The Precision Spring division of the Bombay Co. Ltd. was set up in 1985 in technical collaboration with NHK Spring Co. Ltd., Japan, to manufacture Cold Coiled Precision Springs. It commenced commercial production in 1987. In 1992, The Bombay Company Ltd. was merged into The Bombay Burmah Trading Corporation Ltd., India's second oldest publicly quoted company established in the year 1863. The springs division of Bombay co. ltd. is now known as BCL Springs, a division of The Bombay Burmah Trading Corporation Ltd. Over the years, BCL Springs has established itself as one of the leading manufacturers of Precision Springs in India with the support of satisfied customers. BCL Springs expanded its installed capacity from 1000 Metric Tons to 6000 Metric Tons and from one manufacturing facility to two manufacturing facilities to cater to the growing demands of the market. BCL Springs has a strong team of dedicated, competent and Quality minded technocrats committed for total customer satisfaction.

History of BCL SPRINGS

1985 Technical collaboration with NHK Spring Co., Japan 1987 Commenced commercial production 1988 Developed progressive Pitch Valve Spring for Telco Application 1988 Developed and started supplies of Valve Springs to Indian Railways 1990 Expanded Capacity from 600 MT to 1000 MT. 1992 Merged into The Bombay Burmah Trading Corporation Ltd. 1994 Developed and started supplies of Progressive pitch Valve Springs to Maruti Udyog Ltd. 1995 ISO: 9002 Certified by BVQI 1995 Commenced self certified supplies to Telco/Eicher /Mahindra / Hindustan Motors 1996 Nozzle Holder Springs developed for MICO Bosch 1997 Plunger & other critical springs developed for MICO, Bosch 1997 Commenced Exports to U.S.A. 1998 Capacity increased from 1000 MT to 1500 MT. 2001 Developed and started supplies of Valve springs out of High Tensile Wire, for Maruti Udyog Ltd. Application. 2002 Turnover increased from Rs. 100 Million during 1996 to Rs. 170 Million. 2002 QS 9000 certified by BVQI 2003 Set up of new plant for manufacture of 2 &3 wheeler suspension springs. 2004 Capacity increased to 6000 MT. 2005 ISO / TS 16949 certification by BVQI

BOARD OF DIRECTORS

"The Henchmen"

Mr. N WADIA Mr. S.D JWELIKAR Mr. RAGHU SWAMINATHAN

[CHAIRMAN] [PURCHASE DEPT.] [FINANCE DEPT.]

Mr. VIRENDRA SHARMA [HUMAN RESOURCE DEPT.] Mr. P.K.HINGOLIKAR Mr. A.L.VAGHCHORE Mr. A.V.JADE Mr. S.L.DESHMUKH [PRODUCTION DEPT.] [MAINTANCE DEPT.] [QUALITY CONTROL DEPT.] [ISO DEPT.]

Vision:

Increase sales to Rs 1500 Millions by 2007. Achieve an export sale of Rs. 500 Million by 2007. Be globally competitive in terms of Quality, Cost and Delivery. Enter into other Automotive Component areas from 2006. Establish 100% Export Oriented Manufacturing plant for precision springs during 2005 06.
Focus:

Review of total quality system and customer satisfaction by re-structuring and streamlining functional responsibilities. Focus on motivation by participation of employees in decision making at all levels. Focus on strengthening Engineering and Technical services.

Along with Technology & Human Resources 'Infrastructure' always plays an important role in the growth of any enterprise. Keeping this in mind, in the years from its start, BCL has developed an industry standard infrastructure for both of its plants - Chikhalthana & Waluj.

Established in 1986 and commenced production in 1987. All financial work is handled through this plant. All departments HODs are available at this plant. It has manufacturing capacity to process 2000 Metric Tones of raw material per year. Land area of 8200 sq.mtr. Built up area of 2640 sq.mtr. Having own research & development center and Laboratory. Well-structured organization with 185 people. Having advanced machineries includes CNC coiling and grinding machines as well as in-house built IDC/ODC/Heat treatment machines. All other manufacturing facilities are adequately installed so as to meet the growing market requirements. This plant produces variety of springs from 0.30 mm to 7.00 mm for various applications. These various applications includes: Engine valves Fuel Injections Clutches (Damper and Pressure) Gearboxes Breaking Systems Other transmission systems for 2W as well as 4W segments. Springs for Indian Railways. Springs for pneumatic compressors and actuators.

10

Established in 2003. It has manufacturing capacity to process 4000 Metric Tones of raw material per year. Land area of 4100 sq.mtr. Built up area of 1000 sq.mtr. Well-structured organization with 75 people. Having advanced machineries includes coiling and grinding machines heat treatment machines. This plant produces variety of springs from 2.60 mm to 13.00 mm for various applications.

These various applications include: Front Suspension for 2W & 3W. Rear Suspension for 2W & 3W. Valve actuators Tractors Springs for Indian Railways.

11

SUSPENSION SPRINGS CLUTCH SPRINGS VALVE SPRING ROUND & OVAL CROSS SECTION WIRES FUEL INJECTION SPRINGS SPRIAL SPRINGS FLAT SPRINGS WIRE SPRINGS TORSION SPRINGS TENSION SPRINGS

SUSPENSION SPRINGS

12

Also called as Cushion Springs, used in the front as well as rear suspensions of automobiles. These springs absorb shock and provide smooth riding.

Bajaj Auto Ltd. Endurance Systems (Two Wheeler Shock Absorbers ) Piaggio Vehicles Pvt. Ltd. (Three Wheeler Shock Absorber) Armstrong Hydraulics (Shock Absorbers)

CLUTCH SPRINGS

13

Clutch Springs are used as thrust springs, clutch torsion springs, damper springs in clutch assemblies. The springs are subjected to dynamic loading.

Clutch Makers Four Wheelers:

VALEO LUK LIPE REPCO CEEKAY-Diakin Clutch Auto Ltd. Ashok Leyland

Clutch Makers Two Wheelers:

FCC Rico High Technology Transmission Systems

RICO Auto

VALVE SPRINGS

14

A precision compression spring used to open and close the valve. The action of the spring keeps follower in contact with the cam. The spring is subjected to cyclic loading at elevated temperatures. Valve Springs thus need to have higher life and lower loss properties
Cars : Maruti Udyog - Zen, Wagon R, Swift, Esteem, Alto Suzuki Power train - Diesel Engines New Model TATA Motors - Indigo, Indica, Marina Hindustan Motors - Isuzu Two Wheelers : Bajaj - Avenger, Pulsar, Discover, CT-100, Wave, Legend Hero Honda - Super Splendor, Glamour, Achiever, Splendor, Pleasure, CD100, CD Dawn HMSI - Activa, Dio Suzuki Motorcycles Ltd. - New Model LML - CRD 100

Multi-Utility Vehicles : Three Wheelers : Maruti - Omni, Gypsy Tata Motors - Safari, Sumo Bajaj - GC1000, RE-4S Piaggio - APE Mahindra - Champion Force Motors - Minidor

H & MCVs :

TATA Motors - 709, 1610, 1612, 1613, 2512 Tractors : Ashok Leyland Ltd. - Hino, Leyland Engine Mahindras TAFE John Deere Force Motors Escorts

LCVs : TATA Motors - 407, ACE Eicher Motors Force Motors - Tempo Traveller Swaraj Mazda

SPIRAL SPRINGS

15

A type of spring coiled in spiral form. These springs are used in such applications where the object had to restore to its original position after completing the operation. Like in Switchgears, Motorcycle kick-starters, etc.

WIRE SPRINGS

Cold formed wire product especially used as clips or clamps.

TENSION SPRINGS

16

A tension spring is usually a closed coil helical spring containing energy to resist a pulling force. The pulling force causes the coils to separate at a given rate. Included in the rate is the variable-initial tension. Initial tension is the load necessary to overcome the internal forces, which holds the coils tightly together. The amount of initial tension can be varied and should be determined prior to spring production. Tension spring ends come in five basic types:

Machine Hooks Crossover / Full Hooks Side Hooks Exrended Hooks Special Hook

Tolerances for extension springs vary with each design. Variances in wire and design result in tolerances for the following areas: Free length, (usually measured from inside hook to inside hook), outside diameter, end alignment of hooks, initial tension loads, and rates.

FUAL INJECTION SPRINGS

17

A precision compression spring used to control the movement of plunger that opens the valve, allowing the pressurized fuel to squirt out through a tiny nozzle.

CLIENTS OF FUAL INJECTION SPRINGS

Motor Industries Co. Ltd. (Bosch Group) Shriram Fuel Injection Ind. Ltd.

TORSION SPRINGS

A torsion spring is usually a closed coil helical spring with ends formed to provide torque when load is exerted on the ends. Depending on the application, torsion springs can be designed to work in a clockwise or counter-clockwise rotation. This working rotation will determine the direction of the wind. End configurations of torsion springs are limitless. The application will determine how exotic the ends or tails need to be. The fewer bends the less tooling and machine time involved thus reducing the cost.

Purchase Department
18

This department is important department in this company. The material manager and the two assistants reporting to him manage this department. 1) Organization of this department

Material

Purchase Assistant

Purchase

Assista
2) Purchase Requisition / Indent The purchase requisition is the need items are not available from the stores department for the new items and this is recording point. Purchase requisition fully described the quantity and quality of the needed items takes action. Another times bill of materials is list of all items, which are, required to complete one specific order serves as a requisitioning document.

3) The Supplies ( Selection)

19

After the need of the item has been recognized and described., the attempts should be made to select the best source of the supply. This is the negative process in the sense that the list of the potential supplier is required to select few. For the repetitive orders the buying records of the previous suppliers are referred and the supplies is selected on the basis of the satisfactory performance in the part. In the absence of any existing supplier the procedure for the selection of the supplier would be slightly different. It is the usual practice of the buyer to maintain an up to date list of potential supplier. The information about the supplier is available from the directories, advertisement in the trade journals by the supplier. Out of the given sources a short list of the appropriate supplier should be selected. They may be asked for their quotation of price, delivery and other terms and condition.
a) Catalogue Price

The standard terms generally the catalogue and price list are prepared by supplier which are applicable to all type of buyers.
b) otiated Price Neg

The price haggling better the supplier and buyer. It is technique and good buyer can use for the benefit of the organization.
c)

Placing the Purchase Order

After the selection of the supplier the order is placed with him. The standard purchase order specification the supplier name date specification of the item quantity required the price and other relevant terms. The material manager signs it.
d) Follow Up the Order

The materials at right time and right place are the important ingredients of effective purchasing. Simply the placing of order with the suppliers does not ensure that the materials will be made available where they are wanted. Fallow ups order is considered. It is not
20

necessary to change all type of purchase order. This procedure tries to see that the purchase order is confirmed by the supplier and delivery to premised.
e) Receiving Materials

The store department receives the material supplied by the vendor. It is the duty of the purchase department to verify and to tally the quality of materials. The receipt of the material is recorded on the goods received report, which also specify the name of vendor and the purchase order. It also records any discrepancy-damaged condition of the materials. A copy of the receiving report is send to the purchase department.
f) Payment of the Invoice

The goods are received in a satisfactory condition, the invoice is checked to see that the goods where duty authorized to purchase, they are property ordered and priced. The quality and quantity order confirm to the order, correct calculation etc. this duty is according department to make the payment in time.
g) Maintenance of the Records

Maintenance of the record is important part of the purchase department. This department recorded is the purchase order and past record in book of account. 1. The lorry receipt register 2. Suppliers / party register.

PRODUCTION DEPARTMENT H.O.D. - Mr. P.K.Hingolikar.

Production Process
21

PRODUCT RAW MATERIAL RAW MATERIAL INSPACTION STORAGE IN MS RACKS COILING TEMPERING AT 300DEG C [B1] GRINDING SHOT PEENING [BY STEEL SHOTS TEMPERING AT 250DEGC [B2] SETTING INSPECTION PACKING & DISPATCH

FOLLOWING IS THE DISCRIPTION OF FLOW CHART:1. PRODUCT:TORSION SPRINGS 2. RAW MATERIAL:-

22

SPRING STEEL WIRE

3.

RAW MATERIAL INSPACTION:-

NON DESTRUCTIVE

4. STORAGE IN MS RACKS:IN COIL FORM

5.

COILING:-

MECHANICAL WINDING PROCESS- NO EFFLUENT

6.

TEMPERING AT 300DEG C [B1]:-

STRESS RELIEVING- NO EFFLUENT

7.

GRINDING:-

WITH ALUMINIUM OXIDE WHEELS DUST IS COLLECTED IN CLOSED CHEMBERS BY PROVIDING DUST COLLECTORS

8. SHOT PEENING [BY STEEL SHOTS]:SPRINGS ARE PEENED WITH STEEL SHOTS INSIDE A CLOSED CHEMBER DUST IS COLLECTED IN CLOSED CHEMBERS BY PROVIDING DUST COLLECTORS

23

9. TEMPERING AT 250DEGC [B2]:STRESS RELIVING- NO EFFLUENT

10.

SETTING:-

DONE IN MECHANICAL PRESS

11.
MANUAL OPERATION

INSPECTION:-

12.
MANUAL OPERATION

PACKING & DISPATCH:-

24

MAINTENANCE DEPT.
Head Of The Dept: - Mr. A.L.VAGHCHOURE

Maintenance two supervisors and other workers manage maintenance department. The main function of this department is maintenance of factory building plant and material handling and other equipment. Likes, beat, light, power, compressed air and other services. This department to see the all machines are properly maintained lubricated and serviced and used properly this department maintains a record of lubrication done to machine and daily service. This is arranging for all repair work for any machine. It makes proper estimates for cost and renewals and necessary. These reports are made production engineer for any repair and replacement. There are regular records for all instruction and infection and required. This department takes in detecting and removing any possible break down and troubles in machine inspection. Adequate supply is also maintains for suitable material, stores, tools, and spares parts necessary for prompt execution of requires. After all problems related to power supply from MSEB and Water supply from concerned authority. This department keeps fire protection apparatus in good condition ready for immediately use.

25

OBJECTIVES OF MAINTENANCE DEPARTMENT Minimize breakdown time Utilization of optimum capacity To keep the life of the equipment To ensure the highest availability To modify the machine tools and other production facility Economy in performing the maintenance activities Ensure safety Improve productivity TYPES OF MAINTENANCE:
1) Preventive Maintenance:

It consist of routine actions in a planned manner should prevent break down & to ensure operation efficiency if this periodic inspection (weekly) is carried out. It is based on principal

PREVENTION IS BETTER THAN CURE

26

Objectives

a) To minimize the possibility of unanticipated production interruption. b) To make plant equipment &machines always available & ready for use. c) To ensure safety of life of employee. d) To reduce the work content of maintenance job.

2) Predictive / Scheduled Maintenance: The aim of this is to minimize breakdown. This system provides for inspection, overhaul, lubrication & servicing of certain machine, cleaning of tanks & white washing if building is normally done in this manner. This type of maintenance utilizes the ideal time of equipment without much disturbance schedule.

27

Objectives 1) Reduce the down time during repairs 2) Breakdown is minimized 3) Machine run at higher-level efficiency 4) Predetermination of date of commencement of work ensures to plan the work lode & distribution of maintenance work.

3)Breakdown maintenance :

In this the request are made after the equipment fails to perform its normal function. Causes: 1) Failure to replace worn out parts 2) Lack of lubrication 3) Neglected cooling system 4) In difference towards minor faults 5) External factors like wrong fuel 6) Indifference towards equipment mismanagement / handling

28

Disadvantages 1) Disruption of production plant. 2) Imbalances attention of all equipments. 3) Increase overtime, downtime, manpower & spares 4) Reduction of output. 5) Different to maintain quality of the product. 6) Increase in spoilage of materials. 7) Increase in changes of accidents. 8) It leads to faster plant deterioration. This type to lower level efficiency & the loss of production time, it is not recommended as in general practice.

QUALITY ASSURANCE DEPARTMENT

Head of the Dept. : - Mr.A.V.Jade & Mr.S.L.Deshmukh
ISO /

ISO / TS 16949, QS 9000, ISO 9002

29

BCL Springs is ISO / TS 16949, QS 9000, ISO 9002 certified organization. ISO TS 16949 is a world standard used in creating quality assurance systems that conform to globally recognized specifications.

QUALITY POLICY:
We at BCL strongly believe in market leadership through total Customer satisfaction. We will achieve this by manufacturing and supplying cost effective quality products, at committed time and through continual improvement by involvement and participation of our employees.

In this department the final product and to developed customers confidence carries out in the plant. These include inspection and monitoring the quality of incoming material to carry out inspection
30

function in press shop. Machine shop treatment and assembly shop for assuring process monitoring final stage. Quality control department as important role in manufacturing process. The various functions performed by this department 1] Inspection by performance testing and by visual checking of each product. 2] Calibration of measuring instrument, gauge and testing equipment. 3] Metallurgical testing. 4] Warranty investigation and analysis. 5] Life testing of product.

31

FINANCE DEPARTMENT H.O.D.:-MR.Raghu swaminathan

Profit is the main objective of any business. BCL Springs Pvt. Ltd. has very active Finance Department. Finance Department is very important to know the amount of profit earned or the amount of loss suffered during specified period. The Capital Structure of this company near about Rs. 60-70 crore. And Capital budgeting also made on every year. BOOKS MAINTAINED BY THE DEPARTMENT: As per the accounting rules, GPL maintains all the records in proper accounts books BOOKS MAINTAINED ARE : 1. General ledger 2. Cash & Bank book 3. Journal voucher 4. Purchase book 5. Sales book 6. Loan to staff ledger 7. Suppliers ledger 8. Personal ledger.

32

REGISTERS: 1. Purchase order register 2. Sales 3. Traveling expenses register 4. DD purchase register 5. T.D.S. summery register 6. Cheque issue register 7. Octori register VOUCHERS : 1. Material purchase voucher 2. Capital purchase voucher 3. Expenses purchase voucher 4. Bank payment voucher 5. Cash payment voucher 6. Closing stock voucher 7. Traveling expenses statement All these vouchers are entered in to various sub-ledger

In General Ledger, there are 3 types :sub-ledger, regular, outstanding ledger. Mainly sales and sales debit note, sales credit note, purchase credit note,
33

cheque receipt voucher,and journal voucher all the types of entries are taken as there is monthly closing company makes and prepare General ledger and Main ledger.

All the entries are posted in accounts and ledger have been send to the Mumbai Head office, which prepared Balance Sheet as it have its own computerized accounting system.

Finance is an agent that directs the flow of economic activity & facilitates its smooth operations. The role that finance dept. plays today are concerned with the planning & effective utilization of the firm resources, as the resources is scared utilizing it properly is most important.

Account dept is one of the major dept. of any company, as it deals with all the incoming & outing flow of money. This dept takes takes care of all money related deals .e. from making companys yearly budge to give every employee its salary. It also takes interest in provident fund income tax etc of each employee. It has to deal with other banks & general manager of other companys for money inflow or outflow detail.

34

This dept. also looks after whether the company is making profit or not & it has to consistently reports to other dept. about it so the company runs smoothly.

OBJECTIVES OF FINANCE DEPT.:

To achieve an adequate growth of profiles over a period of

years with minimal year-by-year fluctuations. To maintain adequate cash to meet commitment when due & finance expansion were necessary, without relating too much unprofitable spare cash at any one time. The dept. in which the co. has made the investment should earn an adequate return on the investment allocated to them.

FUNCTIONS:a) Maintaining cash & bank transaction b) Payment of salary & wages c) Arrangement of proper working capital d) Making stationary payments e) Maintains of all bank accounts and their reconciliation f) Deposit of checks receive from customer
35

g) Proper utilization of resources h) Wealth and profit maximization i) Funds management & preparation of monthly forecast.

SALES & MARKETING DEPARTMENT H.O.D.:-MR.A.K.Parlikar

Sales and marketing department is last department. This is directly concerned with product supplies to the customer in time. The sales manager including dispatch officer manages this department.

36

Supply in packed position that is stored in boned storeroom. No one is allowed to pick up and supply any single assembly without permission of the department manager. Procedure for orders 1. customer place his schedule as below 2. Marketing receives schedule and makes plan considering the manufacturing capacity. 3. Once plan is finalized, marketing department forwards the plan to planning department for material / production. 4. When planning completes production planning has to inform marketing department for dispatch plan. 5. Marketing department makes dispatch plan and after invoicing the material lefts the factory. 6. Fallow up with customer for payment and placing new orders. Also marketing department has to take care and solve the customers problems because customer is our god. The company policy customers are divided into two categories these are the fallow

a) Original Equipment The company supplier its products are directly to the other automobile companies. Ex. Maruti, Telco, Eicher, etc.

b)Distributors
37

This type of customers are called whole sellers, distributes / sells. The company product to the small shops / automobiles holders.

Organization of this department

Head Office Mumbai

Sales Office

Aurangabad

Chennai

Pune

Varanasi

HUMAN RESOURCE DEPARTMENT Head of the dept: - V.Sharma sir

The basic aim of the management is to effectively use of human resource for the benefit of organizational goals & objectives. The Human Resource Management Is the process of recruitment, selection, development, utilization, compensation & motivation of human resources by the organization Management is to MANAGE - MEN TACTFULLY. Through there are other major organizational function such as financial management, production management, material & marketing management etc. it is

38

undoubtedly the management of the human resources that provides all other organizational function. In short, human resources department is that part of the total management of an organization, which specifically deals with human resources in respect of: - Their Development in terms of skills, knowledge & attitude - Their Motivation towards the attainment of organizational objective by creating and maintaining an organizational limit conducive to such development.

FUNCTION OF HUMAN RESOURCES DEPARTMENT

There are three types of function

1) Managerial Functions 2) Operative Function 3) Advisory Functions

39

HRM FUNCTIONS

Managerial Functions

Operative Functions

Advisory Functions

g g

Planning Organizin Directing Controllin

Employment Training & Devp.

head

Advice to top management Advice to departmental

Promotion & Transfer Compensation Motivation

Industrial relations

1)

EMPLOYMENT
-To cultivate & maintain adequate source of labor supply -To get information regarding job requirements & prevailing wage rates. -To hire through the effective use of application blanks, tests, physical examinations, interviews & checking references, records, supervisors approvals. -To maintain words of prospective employers, present employers & former employees.

40

To introduce the new employee to company policies & his supervisor him up for on early adjustment.

2) TRAINING -To aid in the formulation of policy governing training of new employees . -To provide for training in safety & company policies. -To co-operate in the preparation of a special annual report for employee . 3) PROMOTION

& TRANSFER

-To aid the establishment of lines of promotion & to follow up as for as Possible in order to see that company policies are followed. -To aid in the establishment of company policies regarding transfer for the Convenience of the company & employee.

- To aid the formation of the company policies regarding - Termination as well as respiration initiated by the employee. - To remove as much as possible the cause for discharges. 4) Compensation This function is concerned with the determination of adequate and Equitable remuneration of the employees in the organization for Their contribution to the organizational goals. 5) Motivation

41

The HR manager helps the various departmental managers to design a system of financial and non financial reward to motivate the employees.
6) WAGES

& OTHER INCENTIVES

-To collaborate with others or be responsible for wage plan. -To write job specification & evaluate all jobs. -To participation in the formation of policies governing payment for suggestions, pension plans profit-sharing programs mutual saving program, insurance, loan to employees

42

SWOT Analysis
Strength o Effective innovative skills. o Aggressive marketing. o Customer satisfaction is prime goal. o Experience and skill full personnel. Weakness o Comparatively slow to develop technological innovation than its close competitors. Opportunities o Diversify into related products. o Great opportunity is available in global market. Treats o Low price competition o Changing buyer needs. o Grey imports Counterfeit product supplies.

SPECIAL OBSERVATION POINTS IN BCL SPRINGS:-

Color Code :-In Stores color code system is used for identification of materials. All machines in shop are arranged in the sequence of operations to be perfomed . Numbers of instructions are written on board beside the machine to avoid accidents. In all the shops pallets are used for carrying the material with safety.

BCL Springs group follows quality culture supported by strong and sustained work improvement technique.

CONCLUSION

The consumer satisfaction is the prime goal of a BCL SPRINGS LTD.it cannot be achieved without giving such kind of induction and orientation at each level. Thus, it was a learning experience from our side and will be very thankful to all the conserved personnel for their support and cooperation during our induction period. Today world is full of competition, which has become more prominent and distinct in this period of globalization and thus each aspect of the company needs attention to survive, retain and grow in the market.

Suggestion:-

1) BCL springs must play prominent role in financing which may result in rising level of income and employment.

2) BCL springs should develop efficient managerial skill particularly to identify the weaker section to reach the benefits the social and economic objective.

3) The present official staff of BCL springs can given a suitable management training that modern management concept and management technologies vitalized in day to day business of BCL springs for further improvement

Bibliography:-

www.bclsprings.com www.google.com

Annual Report Of bcl springs. Human Resource Management -By Dr. Anjali Ghanekar (2 nd Edition) Personnel Management By Dr. Mamoris (4Th Edition) Financial Management By Prof. Kulkarni (2 nd Edition)

Industrial Management By O.P. Khanna (3 rd Edition.)