Killedar Industries - Project Report-Final - 09-12-2021
Killedar Industries - Project Report-Final - 09-12-2021
Killedar Industries - Project Report-Final - 09-12-2021
CHAPTER 1
INTRODUCTION ABOUT THE ORGANIZATION STUDY AND
MANUFACTURING INDUSTRY
It offers various benefits to researchers to expand familiarity in their chosen area of work, to
find out what they have an importance in an exacting in specific line of business ,develop
professional network links, build interpersonal skill.
It's my privilege to done my organization study program in the Killedar Industries Davangere. I
learnt lot from the 4-weeks period which would help for me for my better future opportunities,
during the organization study period I tried to find out the "Manufacturing products and
services at Killedar Industries, Davangere".
Killedar industries is a Manufacturing and Fabrication company which supplies high end
precision components with the main objective to maintain high precision, quality and sole
purpose of satisfying customer needs as per their requirement and also maintain a healthy
customer relationship.
The industry is constructed in 4000 sqft with a sufficient space for future expansion and
consisting of 25HP power capacity with authorization to use this for industrial purpose.
Shop floor is divided into various sections like 1) Ram Material Section 2) Machining Area 3)
Material Inspection Section 4) Finished Goods Section 5) Office.
Transportation of raw materials and finished goods is by road, which is well connected to
highway and nearby industrial areas and hence it makes it very convenient to deliver quickly
and safely.
We have separate enclosed area for testing, where we manually and mechanically inspect
quality, precision and accuracy of the finished component with varies kids of measuring
instruments.
INTRODUCTIONS
Name Killedar Industries
Constitution A Private Owned Industry
Location Karur Industrial area,
Opposite New D C office,
Davangere Karnataka State,
India.
Year of incorporated 2006
Industry Manufacturing and Fabrication Company
Number of employees 50
Key person Abrarahmed (Proprietor)
Trading & Marketing Karnataka,
Revenue 24 Lakhs.
Email www.@gmail.com
BACKGROUND
NATURE BUSINESS:
VISION STATEMENT:
Is to grow as one of the largest in manufacturing sector with hard work, team work, accepting
challenges and finishing jobs within given time with quality and precision and also by
manufacturing long and friendly relationship with customer.
MISSION STATEMENT:
To maintain precision, quality and sole purpose of satisfying customers needs as per their
requirements and to also maintain a healthy customer relationship.
QUALITY POLICY:
We are committed to provide quality products and services at optimum cost and continually
improve the quality management system.
We have separate enclosed area for testing, where we manually and mechanically insect
quality, precision and accuracy of the finished components with various kind of measuring
instrument.
WORKFLOW MODEL
Raw material area
Machining area
Hub set is a tool used in agricultural machines. The Hub are close to forming zones and transport
infrastructure, but normally far from formal markets. The hubs serve 500-1000 farmers each,
linking them to 10-20 buyers. These include medium to large traders, processors and export
companies.
Farmers’ hub operators provide various services for fees. They earn 60-80% of their revenue by
trading farmers products, 10-20% from farm inputs sales, and 0-5% for machinery rental and
post-harvest handling. There farmer training and advices is free.
Balance Wheels available according to requirement in every weight. This Balance Wheel is
made using durable quality material and are also widely in demand. Used for various industrial
purposes these flywheels are also durable and rugged in performance.
3. BEARING COLLER
We are offering a wide assortment of Collar Beas sizes and specifications these products are
suitable for various applications that can be customized as per client’s requirements. The
offered products are available in varied specifications that meet the requirements of the clients.
Our products are made using quality material which is known for corrosion and abrasion
resistant nature.
4. U BOLTS
As the name suggests, U bolts are U-shaped bolts with screw threads on both of its ends. They
are used to support pipes. They are also used to hold multiple ropes together. Being the best U
bolt manufacturer, we are engaged in manufacturing U bolts that are aligned with the latest
industry standards and norms. Leveraging our state-of-art technology and latest techniques, we
fabricate comprehensive range pipe support solutions that are put in use in various industries.
An end mill is type of milling cutter, a cutting tool used in industrial milling applications. It is
distinguished from the drill bit in its application, geometry, and manufacture. While a drill bit
can only cut in the axial direction, A milling bit can generally cut in all directions, through some
cannot cut axially.
Stainless steel nipples are the only part connecting pipeline with inner water tank. Once
stainless steel nipple had problem, we would have no choice but throw entire water tank for
repairing. our stainless steel nipple is 304 or 316l stainless steel material with diameter
tolerance 0.1mm and thread tolerance 0.05mm. Through the experiment show, the welding
leakage rate is reduced 85% by using our stainless steel nipple.
7. OWNERSHIP PATTERN
8. ACHIEVEMENTS /AWARDS
CHAPTER -2
DEFINITION:
Mckinsey’s 7S model is a tool that analyses firm's organizational design by looking at 7 key
internal elements: strategy, structure, systems, shares values, style, staff and skills, in order to
identify if they are effectively aligned and allow organization to achieve its objectives.
Mckinsey’s 7S model was developed in 1980s by mc Kinsey consultants torn peters, Robert
waterman and Julien Philips with a help from Richard Pascal and Anthony G. athos. Since
introduction, the model has been widely used by academics and practitioners and remains one of
the most popular strategic planning tools. It sought to present an emphasis on human resources
(soft S), rather than the traditional mass production tangibles of capital, infrastructure and
equipment, as a key to higher organizational performance. The goal of the model was to show
how 7 elements of the company: Structure, Strategy, Skills, Staff, Style, Systems, and Shared
value, can be aligned together to achieve effectiveness in a company. The key point of the
model is that all the seven areas are interconnected and a change in the rest of a firm for it to
function effectively.
The model can be applied to many situations and is a valuable tool when organizational design
is at question. The most common uses if the framework is:
To facilitate organizational change.
To help implement new strategy.
To identify how each area may change in a feature.
To facilitate the merger of organization.
The above figure illustrates the multiplicity interconnectedness of elements that define an
organization's ability to change. The theory helped to change managers thinking about how
companies could be improved. It says that it is not just a matter of devising a new strategy and
following it through or it is a matter of setting up a new system and letting them generate
improvement
The 7S are:
STRUCTURE:
PROPRITOR
SUPERVISOR
STRATEGY:
SYSTEM:
1. The formula and informal procedure that govern every day activity
2. Systems are the routine process and procedures followed within the organization
3. Structure, strategy and often identified as hard components which are normally feasible
and easy to identify in an organization as they are well-documented and seen in various
forms tangible object
STYLE:
STAFF:
1. To fulfill its entire legal obligation in terms of employment payments and benefits
practices.
2. Adequate and timely training for the job for which they are employed.
3. career advancement related to performance and experience.
PRESENT TEAM
5 permanent workers
7 Temporary workers
RAMESH - FACTORY MANAGER
ABRARAHMED - PROPRITER
ARUN - FINANCIAL MANAGER
ARVIND - PRODUCTION MANAGER
SHARED VALUES:
DEFINITION:
Porter's five forces model, refers to a framework based on the competitive analysis,
introduced by Harvard Business School Prof. Michael E. Porter. The model determines the
intensity of competition in any industry is a mix of five competitive factors operating in
different areas of the whole market
Five forces model was created by M. Porter in 1979 to understand how five key competitive
forces are affecting an industry. The five forces identified are:
These forces determine an industry structure and the level of competition in that industry. The
stronger competitive forces in the industry are the less profitable it is. An industry with low
barriers to enter, having few buyers and suppliers but many substitute products and
competitors will be seen as very competitive and thus, not so attractive due to its low
profitability.
2. Threat of substitutes:
CHAPTER – 4
SWOT ANALYSIS OF KILLEDAR INDUSTRIES
SWOT Analysis is a acronym for strength, weakness, opportunities and threats and is a
structured planning method that evaluate those for elements of an organization, project or
business venture.
A SWOT Analysis can be carried out for a company, product, place, industry or person. It
involves specifying the objective of the business venture or project and identifying the internal
and external factors that are favorable and unfavorable to achieve that objectives. Some authors
credit SWOT to Albert Humphrey, who led a convention at the Stanford.
Research Institute (now SRI International) in the 1960s and 1970s using data from Fortune 500
companies. However, Humphrey himself did not claim the creation of SWOT, and the origins
remain obscure. The degree to which the internal environment of the firm matches with the
external environment is expressed by the concept of strategic fit.
Strengths: Characteristics of the business or project that give it an advantage over others.
Weaknesses: Characteristics of the business that place the business or project at a disadvantage
relative to others.
Opportunities: Elements in the environment that the business or project could exploit to its
advantage.
Threats: Elements in the environment that could cause trouble for the business or project.
Identification of SWOTs id important because they can inform later steps in planning to achieve
the objectives. First, decision-maker should consider whether the objective is attainable, given
the SWOTs. If the objective is not attainable, they must select a different objective and repeat
the process.
Users of SWOT analysis must ask and answer questions that generate meaningful information
for each category (strengths, weaknesses, opportunities, and threats) to make the information
useful and find their competitive advantage
STRENGTHS:
High quality products andd good sservices.
Financial strength.
Continuous improved in proprofit.
Good percentage of wagees
Satisfied and motivated eemployees and workers.
Long life products.
There are proper time maaintenances in the Industries
WEAKNESSES:
Lack of brand awareness..
Small presence in local m
market.
Inadequate labour supplyy.
High risk involves
nvolves while exporting the products
OPPORTUNITIES:
New technologies are inccreasing.
Sales are good.
Growing market
Growth in local economy
onomy
Good quality products aree manufactured and easily sold.
THREATS:
Strong competitors
Insufficient supply of pow
wer
Political changes
More competition and highly
ghly comp
competitive market
Financial statement analysis is the process of reviewing and analyzing a company’s financial
statement to make better economic decisions. These statements include the income statement,
balance sheet, statement of cash flow, and a statement of change in equity. Financial statement
analysis is a method or process involving specific techniques for evaluating risks, performances,
financial health, and future prospects of an organization.
A ratio can be computed from any pair of numbers. Given the large quantity of variables included
in financial statements, a very long list of meaningful ratios can be derived. A standard list of ratios
or standard computing of them does not exist. The following ratio presentation includes ratios
that arc most often used when evaluating the creditworthiness of a customer. Ratio analysis
becomes a very personal or company driven procedure. Analysts are drawn to and use the ones
they are comfortable with and understand.
RATIO ANALYSIS:
1. Current Ratio:
= Current Asset / Current
nt Li
Liabilities
140
120
100
80 Current Assets
Cuurent Liabilities
60
40
20
Interpretation:: Compare to year 2018 in the year 2019 it was decreased, and also in the year 2020
is low compare to the year 2021 so the current ratio is fluctuating by the year. This year may affect
the liquidity position of a company. The company must take certain steps to increase the current
ratio.
140
120
20
Interpretation:: Compare to the year 2017 & 2018 the year 2019 is increased and also 2021 is
decreased compared to 2020 so quick ratio is fluctuating by the year, this may affect the liquidity
position of the company. The company may take certain steps to improve the quick ratio.
3. Fixed
ixed asset turnover ratio:
= Net saless / ixed assets
500
450
400
350
300 Current Assets
200 Ratio
150
100
50
0
Interpretation: From the above table shows the Fixed asset turnover ratio 2017 to 2018. in year
2017 was 21.80,it was increased to 38.40.compare to 2019 & 2021 of the year. The year 2020 is
increased.
= Sales / Inventory
500
450
400
350
300 Sales
250 Inventary
200 Ratiu
150
100
50
0
Interpretation: From the above table show the inventory turnover ratio compare from 2018 to
2021 of year are increased and 2017 year is decreased.
500
450
400
350
300 Sales
200 Ratiu
150
100
50
0
Interpretation: The above table of Total asset turnover ratio of year 2017 is increased when
compare to from year 2017 to 2021.
500
450
400
350
300 Net Sales
200 Ratio
150
100
50
0
Interpretation: From the above figure 2017 is increased and year from 2018 to 2021 is decreased.
decreased
CHAPTER 6
LEARNING EXPERIENCE
Researcher has gained very good experience in the organization study of Killedar Industries.
The employees have cooperated endeavor and they have also given proper guidelines in
collecting the information pretending to departments. Their way of guiding and their sincere
application in training are some values for learning. Particularly researcher learnt good
experience in the factory, some lessons which hold true throughout researcher career. Some of
them are: -
Work Culture: Experience taught researcher to develop work culture. Accordingly,
researcher has became an aspirant to culture oriented works.
Time Management: The Factory experiences have made conscious about the
importance of time in various activities carried out during a day.
Clean and tidy environment: Its vision and mission have impressed a lot. Researcher
has observed that factory premises are maintained clean and tidy.
Positive Attitude: Researcher found that all the employees and workers have very
positive attitude towards their work, responsiveness towards customers is very good.
Sound Financial Position: It is found that the company’s financial position is very
good during the study period.
In the context of technological development today the Human Resources cannot be neglected.
Organization study has made to understand the inter dependency of technology and human
power
BIBLIOGRAPHY
Annual report of the Killedar Industries for the period from 2020-2021 to 2021-22
Records of Killedar Industries
Text Book
Official Websites
Killedarindustries786.com