Bansal Tyre (P) Ltd.

An Organization Study at

BANSAL TYRE (P) LTD.

Summer Internship Project submitted to

BANGALORE UNIVERSITY

in partial fulfillment of the requirement

for the award of Degree of

MASTER OF BUSINESS ADMINISTRATION

Submitted By

AMIT KUMAR

(Reg.No.09SBCMA004)

UNDER THE GUIDANCE OF

Prof. ARCHNA MISHRA

Department of Management Studies

ADMINISTRATIVE MANAGEMENT COLLEGE

18th Km, Bannerghatta Main Road, Bangalore-83

2010

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STUDENT DECLARATION

I hereby declare that this summer internship project entitled

‘ORGANIZATION STUDY at BANSAL TYRE (P) LTD. is record of
independent work carried out by me under the guidance Prof. ARCHANA
MISHRA.I further declare that this report has not formed the basis for the
award of any degree / diploma of any other university.

Date: Aug 12, 2010

Place: Bangalore-83.

Signature

AMIT AGARWAL

Reg. Number:
09SBCMA004

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ACKNOWLEDGEMENT

I wish to express my sincere thanks to Dr. B. Balaji, Director, Department of

Management Studies, Administrative Management College, Bangalore for his
prompt assistance and encouragement in pursuing this summer internship.

I also wish to express my sincere gratitude to my corporate guide

Mr.SANTOSH KR.SINGH, for his information and mentorship while
undertaking the study at different departments.

It is my pleasure to thank Prof. ARCHNA MISHRA, faculty, Department of

Management Studies, Administrative Management College for her valuable
guidance which was instrumental in the successful completion of this project.

Date: Aug 12, 2010

Place: Bangalore-83.

Signature

AMIT AGARWAL

Reg. Number:
09SBCMA004

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CONTENTS

S. No. CHAPTER PAGE NUMBER

1. Profile of Industry, Company and 01-23

Products / Services

2. Company’s Mission, Vision and 24-25

Policies

3. Organizational structure 26

4. Departments / Divisions 27-53

5. SWOT Analysis 54-57

6. Observations ,Conclusion 58-61

&Suggestions

7. Annexures 62-63

8. Bibliography / References 64-65

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LIST OF TABLES

S. No. Table No. Title of Table Page Number

1. 1.1 CAGR of 8

production in (%)

LIST OF FIGURES

S. No. Figure No. Title of Figure Page Number

1. 1.1 Wise production 2

share

2. 1.2 Tyre demand by 4

market

3. 1.3 ISO quality 12

registration

4. 1.4 1.Cotton Tyre 21

a.Heavy Duty Cotton

Tyre-Supermaster

5. 1.5 b.Heavy Duty 21

Cotton Tyre-Tufani

6. 1.6 c. Semi Cotton 22

Tyre Star

7. 1.7 d. Semi Cotton 22

Tyre Janta-1

8. 1.8 e. Children 22

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Bicycles Tyre

Commando

9. 1.9 f. Children Bicycles 22

Tyre Glider

10. 1.10 2. Nylon Tyre 23

a. Preminu

Nylon Tyre

11. 1.11 b. Semi Nylon Tyre 23

12. 1.12 3. Tubes 23

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Profile

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Company’s:-
Vision
Mission
Objectives
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Quality
Policy

Organizati
on
Structure
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Function
al
Areas

SWOT
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Analy
sis

Observation,

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Suggestion
&
Learning
Experience

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Annexure

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Bibliogra
phy

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Industry Profile

The origin of the Indian Tyre Industry dates back to 1926 when Dunlop
Rubber Limited set up the first tyre company in West Bengal. MRF followed
suit in 1946. Since then, the Indian tyre industry has grown rapidly.

Transportation industry and tyre industry go hand in hand as the two are
interdependent. Transportation industry has experienced 10% growth rate
year after year with an absolute level of 870 billion ton freight. With an
extensive road network of 3.2 million km, road accounts for over 85% of all
freight movement in India.

Market Characteristics:

Demand

The demand for tyres can be classified in terms of:

Type: Bus and Truck; Scooter; Motorcycle; Passenger Car; Tractor; Cycle

Tyres by Type

The Indian tyre industry produces the complete range of tyres required by the
Indian automotive industry, except for aero tyres and some specialised tyres.
Domestic manufacturers produce tyres for trucks, buses, passenger cars,
jeeps, light trucks, tractors (front, rear and trailer), animal drawn vehicles,
scooters, motorcycles, mopeds, bicycles and off-the-road vehicles and
special defence vehicles.

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The scenario in India stands in sharp contrast to that in the world tyre market,
where car tyres (including light trucks) have the major share (88%) by volume
followed by truck tyres (12%). In India, however, passenger car tyres have a
mere 17% share of the overall tyre market (as of FY2003).

Compiled by INGRES

FIGURE NO.:- 1.1

Truck and Bus Tyres

The truck and bus tyre segment accounted for 19% of tyres produced in India
in FY2003. Every truck/bus manufactured generates a demand for seven
tyres (six regular and one spare) as against three in the case of two-wheelers
and five for passenger cars. In addition, the price of a truck tyre is significantly
higher than that of a passenger car tyre (roughly 10 times) or a motorcycle
tyre. Thus the demand multiple emanating from the commercial vehicle
segment is highest in value terms.

Given the regular use and heavy wear and tear of truck and bus tyres, the
demand from the replacement market in this segment worked out to 68% of
the total demand for truck and bus tyres in FY2003; the OEM demand
accounted for around 9% the same year. With the Indian manufacturers of

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cross-ply tyres focusing on the export market, this segment accounts for
around 22% of the demand for truck and bus tyres.

Passenger Car Tyres

The passenger car tyre segment accounted for 17% of all tyres produced in
India in FY2003. With passenger car production witnessing a growth of 12%
in FY2003 over the previous year, OEM demand accounted for about 33% of
the total sales that year. The replacement market accounted for around 63%
of the total sales of passenger car tyres in FY2003. Exports accounted for 4%
of the total passenger car tyre demand in FY2003. With the stock of cars
increasing, replacement demand is likely to continue.

Motorcycle Tyres

Motorcycles accounted for 76% of two-wheelers sold in the domestic market

in FY2003. Motorcycle tyres constitute the largest segment of the domestic
tyre industry (29% of total tyre demand in FY2003). The replacement market
accounted for around 49.8% of the total motorcycle tyres sold in FY 2003,
while OEM demand accounted for around 50%.

Scooter Tyres

Scooters were the dominant segment in the Indian two-wheeler industry till
FY1998, accounting for around 42% of domestic two-wheeler sales. However,
the introduction of new motorcycle models has seen the share of scooters
declining to 19% of domestic two-wheeler sales in FY2003. The OEM
segment accounted for around 34% of the total sales in the scooter tyre
segment in FY2003, with the rest being accounted for by the replacement
market.

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Tyre Demand by Markets

FIGURE NO.:- 1.2

Vehicle Manufacturers or OEMs

The demand from the OEM segment is a derived one and directly correlated
to the level of automotive production. The OEMs demand varies significantly
across categories from between 8% for truck and bus tyres to over 50% for
some other segments like, jeeps and mopeds.

Replacement Market

The replacement market, including State transport undertakings and

Government buying, accounted for around 59% of the total tyre demand in
FY2003. The demand in the replacement market depends on the vehicle
population, the level of economic activity, life of the products transported,
kilometreage per vehicle, the price of the tyres and the quality of the existing
road infrastructure. Additionally, the replacement market, which offers better
margins, is extremely competitive. The replacement market is dominated by
the truck and buses segment, which accounted for 22% of all tyre sales in the
replacement market in FY2003.The large size of the replacement in turn is
determined by the interplay of various factors as discussed below:

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 The replacement demand may be lower because of longer

replacement intervals and lower business mileage if the economic
activity slows down.

 Replacement demand in India is higher because of a low vehicle

scrappage rate.

 Poor road conditions by lowering the life of tyres, have a positive

impact on replacement demand.

 Stricter enforcement of the MV Act, which seeks to prevent overloading

of vehicles, will result in an increase in the life of tyres and thus impact
replacement demand negatively.

 Applying a new tread or "re-treading" can extend the life of the tyre at a
significantly lower cost, thereby lowering replacement demand. In
India, re-treading finds greater acceptance in the commercial segment.

 Radialisation of tyres is likely to result in lower replacement demand.

While car radialisation in the country has reached a level of 65%, truck
and bus radialisation stands at just 2-10%. Poor road and support
infrastructure as well as traditional vehicle designs act as a barrier to
radialisation in the commercial vehicle segment. Radial technology for
trucks and buses would help increase operating efficiencies by
delivering better mileage and minimising wear and tear. According to
ATMA, even if only 25% of the truck and bus segment is radialised, the
savings in fuel costs would be around Rs. 7,500 million.

 Introduction of tubeless tyres in the passenger car segment is also

likely to affect replacement demand adversely.

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 Introduction of eco-friendly radial tyres such as hyper-bonding silica

technology in the passenger car segment may affect replacement
demand adversely.

Exports

In the light of the prevailing domestic market situation, most of the tyre
manufacturers have taken to exports to reduce inventory build-ups. In
FY2003, Indian tyre exports stood at Rs. 10.8 billion (10% of the total
industry) in value terms and 3.1 million in unit terms (6.5% of total production).
Indian companies have currently entered into sourcing agreements (for tyres)
with neighbouring countries. For instance, Ceat and J K Tyres have sourcing
agreements with tyre producers in Sri Lanka and China. This is likely to have
a positive impact on tyre exports from India.

Market Players

Some of the major players in the Indian tyre industry are MRF, Ceat, JK
Industries, Apollo Tyres, Bridgestone India, Goodyear India, Falcon Tyres and
TVS Srichakra. The tyre industry in India is fairly concentrated, with the
sample of eight companies (as in the text) accounting for 82% of production in
FY2002. Besides, not all companies have a diversified product portfolio.

Key Issues
High tax usage

The high tax content on tyres can be gauged from the fact that the percentage
of total tax to the tax excluded price for various categories of tyres is - 44% for

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Truck Tyre; 41% for Passenger Car Radial Tyre, 35% for Tractor Rear Tyre
and 76% for Truck Tyre Tube.

Increase in raw material costs

Apart from being capital intensive, the tyre industry is highly raw material
intensive. Any change in the prices of raw materials affects the profitability of
tyre companies. The raw materials used in the manufacture of tyres are
rubber and petroleum derivatives like nylon tyre cord, carbon black, styrene
butadiene rubber and poly butadiene rubber. The most important raw material
is rubber-natural and synthetic. Natural rubber (NR), with 29% weightage in
the cost of raw materials used by tyre industry, is the highest cost item.
Annual consumption of NR by tyre industry is 3.50 lakh tonnes, valued at Rs.
14 billion. Over 85% of NR consumed' by the industry is procured
domestically. 15% is imported.

Import of tyres

During the FY2002, over 1,10,000 passenger car tyres were imported.
Although this constitutes a small percentage (1.5%) of total passenger car
tyre production in the country, since total imports are of radial passenger car
tyres, the percentage is higher when compared against domestic production
of radial passenger car tyres. A large percentage of imports are from South
Korea at a concessional rate of customs duty (i.e. 15%) under the Bangkok
Agreement - as against 20% normal rate of customs duty.

Even though the Government has imposed a restraint on the import of used
tyres into India, occasionally there are reports of import of such tyres in a
clandestine manner, sometimes as new tyre at low value, since there is no
restriction on import of new tyres or as tyres under the "others" category.
Many countries such as Japan, Bangladesh, Pakistan, Philippines, Thailand,
Kenya, South Korea, etc. have either put a complete ban on import of used

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tyres or have placed stringent conditions on such imports.

Tyre Exports

The product focus of tyre exports from India has been Traditional Truck Tyres.
Globally this segment of tyre export is shrinking due to greater acceptance of
radial tyres. Over the years, China has emerged as a major exporter in bias
tyre category. Additionally, export of Indian tyres to select countries is
subjected to non-tariff barriers (NTBs) by way of standards, tests, etc. Export
of cheaper tyres from China to major tyre importing markets, like US, is
adversely affecting Indian tyre exports to these markets. India's share in
exports to these countries (especially USA) is progressively declining. If the
trend is not reversed, Indian tyre industry will find it extremely difficult to
regain its erstwhile position in these markets. Low rate of interest, cheaper
electricity tariff, hidden subsidies by the Chinese Government, better
infrastructure facilities and lower transaction costs are factors favourable to
Chinese tyre industry.

Trends in Production, Consumption, Price & Capacity

Utilisation

The total tyre produced in the country was 51.58 million units in FY2003 - a
19% growth rate over FY2002.

CAGR of tyre production (in %)

FY 1993-2003
9%FY 1993-1998 7%
FY 1999-2003 9%
FY 2002-2003 19%

Compiled by INGRES

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TABLE NO.:-1.1

Currently, the size of the Indian tyre industry is estimated at Rs. 128 billion
(0.5% of Indian GDP), as of FY2003. The total installed capacity of the Indian
tyre industry is around 60.5 mn units, and the capacity utilisation is around
85%. The capacity utilisation improved in FY2003 following improved demand
from the automotive segment (75% in FY2001). Additionally, in FY2003, the
price realisation of tyre manufacturers also registered an increase by 8%, as
against a 0.6% increase in FY2002.

Demand Supply Gap

The demand for tyres is either in the domestic market or in the export market.
As far as domestic demand is concerned, the OEM and the replacement
segments are likely to witness strong growth given the current performance of
the automotive sector. Given the strong linkages of tyre industry with
automotives, its demand is likely to be strong over the short to medium term.
As for the export demand for tyres, the outlook is positive, even though some
downsides remain.

As regards supply of tyres, currently, the major players are in the process of
expanding their capacities, in anticipation of uptrend in sales. For instance,
Apollo Tyres has set up a joint venture with Michelin for manufacture and sale
of bus and truck radials. JK is expanding its Mysore truck and bus radial
facility along with eyeing acquisitions of smaller units. Ceat has increased its
offtake by 3 times from Pirelli. However, a characteristic of the Indian tyre
industry is that most of the tyre manufacturers in the past had increased
capacities in anticipation of a surge in demand, but when it did not materialise,
they reduced their addition to capacities. Thus, the demand-supply gap is
likely to be an important issue for the Indian tyre industry over the short to
medium term.

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Review of Performance

Overall Performance

The operating margin of the representative sample of tyre companies

improved during FY2003. However, the net profit margin of the tyre
companies even though improved, was still at 3%.

Performance in 2004

The tyre industry continues to be driven by good demand growth, propelled by

sustained uptrend in demand and sales of automobiles in general, and
commercial vehicles and passenger cars in particular. However, this does not
get translated into improved margins for the industry, as it is witnessing
sustained rise in prices of raw materials like natural rubber. Additionally, the
customs duty on imports has been brought down from 25% to 20% and
Special Additional Duty of 4% has been dispensed.

Company profile

Company Bansal Tyre (p) Ltd.

1st Unit Address B-4, Indl. Area,

Kesinga Dist., Kalahandi

City Orissa

Zip/Pin 766012

Country India

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Info Cycle & Riksha Tyre And Tubes

2nd Unit Address: 130/90/65, L-1, Bagahi, (Opp Anand Puri

Gate)
Transport Nagar

City Kanpur

Zip/Pin 208011

Country India

Info Cycle & Riksha Tyre And Tubes

About The Company:-

Bansal Enterprises located in India provides: Hard Plastic Working Machines,

Hydraulic Pumps, Plastic Manufacturing Equipment, Plastic Processing
Machinery, Pumps, Rubber Manufacturing Equipment, Rubber Molding
Presses, Rubber Molding Pressing Machinery, Rubber Stamp Presses,
Rubber Stamp Pressing Machinery, Tire Cutters, Tire Services, Tires and
Wheels, Tubes (Rigid), Tyre Cutters, Tyre Services, Tyres and Wheels.

From humble beggining in 1989, Bansal Tyres (P) Ltd. made steady progress
to establish itself as a market leader for bicycle tyres and tubes in India.With
steadily increasing production of quality products, the Company ventured into
overseas market and developed a niche for itself in the international market.
The Company also kept itself abreast with latest technologies and developed
Nylon tyres and Butyl tubes with its own R&D efforts.

The Company has diversified into the field of home appliances such as
electric fans, electric irons, sewing machines, etc.

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The customer being foremost in our mind, for ease of foreign buyers, the
Company has established a full fledged "Export Division" located at Orissa.
The Export Division has the capability for entertaining and servicing enquiries
not only for the Company products, but also for non-company commodities
and engineering goods. Metro's most precious assets is its professionally
trained and dedicated personnel.

BANSAL TYRE (P) LTD. is ISO 9001:2000 certified company,

FIGURE NO.:- 1.3

Bansal Tyres (P) Ltd Is organizations engaged in the manufacturing and

export of high quality tyres and tubes for various purposes. We are known as
quality conscious manufacturers and exporters of bicycles tyres and
tubes. We have earned a respectable position due to our commitment to
quality products as well as quality services.

Having already created an unshakeable niche in the domestic market, we are

now all set to make our presence felt in the international market. For us,
customer is our first priority, which is why we are expanding our retail network
to reach out to every part of India and abroad with high performing auto tyres,
bicycle tyres, etc.

Quality and Infrastructure:

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The success of our company has been possible only because of our
commitment to quality of our auto tyres, bicycle tyres, etc., regardless of the
costs involved. Our company has always enforced the most stringent quality
standards in its manufacturing unit as well as its laboratory. Every possible
effort has been made to make use of the latest technology and the most
sophisticated equipment to ensure that the customer is given the maximum
value.

Quality Control

We hold one of the largest stock of authentic tyres. Total quality is our
overriding concern. It is both a goal and a path, as we strive for continuous
quality improvement in our auto tyres and bicycle tyres. Sophisticated controls
are used to ensure that the end product meets the highest quality standards.
We are known for our prompt service, which is backed by a team of
experienced customer care executives.
We are looking forward to have a long term business relationship with you.
Please do contact us for more information on our auto tyres, bicycle tyres, and
allied products. You will be served promptly.

Bansal Tyre has two production department and both same production
process.
Which is following:-
1. It has purchase the raw materials
2. After purchase, start mixing process.
3. Than component manufacturing
4. Assembly Process
5. Vulcanising
6. Inspection
Than after production the company send good for sale into the godown.

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Policy Of Bansal Tyre:-

 Seek purchase of goods and services from environment responsible

suppliers.

 Communicate its environment policy and best practices to all its

employees’ implications.

 Set targets and monitor progress through internal and external audits.

 Reuse and recycle materials wherever possible and minimize energy

consumption and waste.

PRESENT STATUS OF THE COMPANY

The company is mainly dependent on north market. The product availability

in retail outlets particularly for Bansal Tyre is almost comparable to any other
similar industries products in the premium segment in the north. Whereas in
other parts like Eastern & Southern markets penetration of BANSAL TYRE
product is relatively poor, which depends on the company’s distribution
structure, stockiest and field personnel strength.

With increased trust on distribution, the company does not foresee any
problems to achieve the projected sales through the redistribution package.
Further, the policy of Indian Government also sees the public sector
enterprises enter the industry in a large way there by making the products
available to the consumers at reasonable prices. Being located in the centre
of northern part of India the Government Soap Factory claims preferential
treatment for expansion programmed in view of availability of exotic rubber.

AN ISO-9001 COMPANY: -
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Bansal Tyre with a tradition of excellence of over eight decades is committed

to customer delight, through total quality management and continuous
improvement through the involvement of all employees. Bansal has got ISO
9001:2000 certificate.

To improve the quality management system and to facilitate TQM in the

process of soap and detergent, the management took decision to obtain ISO-
9002 by end of March 1999. Accordingly action plan was drawn and a
committee was set up for the purpose during October 1998 with a mission
statement.

The company gives initial training including conducting employee’s awareness

programme, document quality manual and quality system procurement.

In this direction company obtained the guidance from Consultancies,

Bangalore and Bureau of Indian Standards, Bangalore. Accordingly,
company standards registered for ISO 9002 by the end of March to the
Bureau of Indian Standards. Obtained the certificate by the end of March
1999 itself.

This is to project in the national and international market and also to improve
quality of products offered to the consumers with the assurance of quality in
the message.

Excellence in operations - Value Chain De-Verticalisation

Excellence in Operations remains an illusion for most Tyre companies. This

will be remaining as long as they stay confined within the organizational
structures and mindsets associated with today's vertically integrated business
model.

According to a McKinsey report based on problems and opportunities relating

to operational excellence, the study comes out with the following findings: -

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 Operations issues get neglected from top-management two main

business processes of customer management and consumer
management. It suggests that Operations issues get a lot less than
20% of the Executive Committee's agenda time. To compound the
problem, only around 10% of top executives in tyre companies have
direct personal experience in Operations. It is hardly surprising;
therefore, that the commitment to drive radical change may not be as
strong in Operations as it is in the other two business processes.

 Organization structure of many MNC's makes it's tough to optimize

decision-making or to spread best practices across units or countries.
Around 10% of Tyre companies have a global Operations director with
full responsibility for both operational improvement and strategic
resource allocation.

 Most of the top quartile talent is siphoned for handling marketing or

finance functions.
Operations functions are short of management talent. High potential
generalists often find Tyre Operations too internally focused and too
technical. At the other end of the scale, senior Operations experts are
often attracted to other industries - such as electronics, automotive or
engineering - where Operations is both more highly regarded and more
highly rewarded.

 These problems are not new. What is new is that a potential solution -
the combination of organizational separation and value chain de-
verticalisation. De-verticalisation Multinational Tyre companies that are
able to achieve:-

 organizational separation

 functionally organized national companies

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Outlook:

The level of economic activity, performance of the industry, and the faring of
the transport sector directly influence the performance of the tyre industry in
India. With the replacement segment dominating the overall tyre demand in
India, the industry remains inherently vulnerable to economic cycles. While
radialisation has become the norm in the passenger car segment, in the bus
and truck tyre segment, its acceptance is still limited. Bus and truck
radialisation could emerge in the long term as the quality of roads improves
and the restrictions on overloading are better enforced. The practice of re-
treading, which is gaining increasing acceptance, could pose a challenge to
replacement demand in the medium term. The ability of the re-treading sector
to capture potential replacement demand would depend on the awareness
among customers (of the benefits of retreading) and also the quality of
retreading done. Given the low levels of penetration of two-wheelers and
passenger cars in the country, OEM demand is likely to increase, which in
turn would push up replacement demand with a lag.

The prospects of tyre exports from India appear healthy, following efforts by
Indian companies to increasingly enter into outsourcing agreements with tyre
producers in Southeast Asia, Eastern Europe and Latin America. Overall, tyre
manufacturers are likely to tap the export market in an effort to boost sales.
The increasing exports of bus and truck tyres (crossply variety) from India to
developing countries is because of the fact that developing countries are
unable to source them from developed countries as these are no more
produced there. Tyre imports are unlikely to pose a threat to the domestic
industry, given that domestic prices are lower than international tyre prices.

In the domestic market, tyre manufacturers are expected to increasingly focus

on expanding their dealership networks & explore possibilities of tie-ups
among themselves to penetrate the growing customer base. They are also
likely to pursue innovative measures (such as "dial-a-tyre service and road

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shows) to improve customer awareness.

The consolidation of the industry is likely to continue in the coming years

through mergers among existing players. The industry is likely to expand
through a combination of organic and inorganic growth. While organic growth
would come from raising efficiency levels, inorganic growth would be achieved
through alliances and M&As.

COMPETITORS OF BANSAL TYRE PRODUCTS AND

SERVICES:-
Bansal tyre is facing cut-throat competition in national and international
market. Some of its main competitors are:-

 Ralson Tyre

 Hero Tyre

 Metro Tyre

 City Tyre

Product manufactured by the company:

 Bicycle Tyre

 Bicycle Tyre

 Riksha Tyre

 Riksha Tyre

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Company Administration:

NAME DESIGNATION

Mr. Ramavatar Agrawal Managing Director

Mr. Ramesh Naidu General Managers

Mr. Pavan Kumar Divisional Managers

Mr. Surender Reddy Production Managers

MD. Azfar Khan Financial Managers

Mr. Santosh Kr.Singh HR Managers

Mr. Suresh Agrawal Marketing Managers

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Products Profile:

1. Cotton Tyre 2. Nylon Tyre

a. Heavy Duty Cotton Tyre-Supermaster a. Preminu

Nylon Tyre

b. Heavy Duty Cotton Tyre-Tufani Takat(TT) b. Semi Nylon

Tyre

c. Semi Cotton Tyre Star

d. Semi Cotton Tyre Janta-1

e. Children Bicycles Tyre Commando

f. Children Bicycles Tyre Glider

3. Tubes

1.Cotton Tyre

a.Heavy Duty Cotton Tyre-Supermaster b. Heavy Duty Cotton Tyre-

TufaTakat(TT)

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FIGURE NO.:- 1.4 FIGURE NO.:- 1.5

c. Semi Cotton Tyre Star d. Semi Cotton Tyre

Janta-1

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FIGURE NO.:- 1.6 FIGURE NO.:- 1.7

e. Children Bicycles Tyre Commando f. Children Bicycles

Tyre Glider

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FIGURE NO.:- 1.8 FIGURE NO.:- 1.9

2. Nylon Tyre

a. Preminu Nylon Tyre b. Semi Nylon Tyre

FIGURE NO.:- 1.10 FIGURE NO.:- 1.11

3. Tubes

FIGURE NO.:- 1.12

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Vision:
Inherent dynamism, spirit of enterprise, international mindset, corporate
governance, strong quality reputation, sustainable approach and an all
encompassing vision has helped us to initiate many new high growth activities
and will go on driving our business approach in the global scenarios for further
modernization and expansion.

Mission:

Pursue market excellence and competitiveness by maintaining and further

strengthen- ing our current leadership in terms of Innovation, product quality
and product diversification, global market prersence.
Strive forward into the future with confidence to accomplish the goal of
providing a wide range of high quality tyres at affordable price while
continuing to expand production facility.
Achieve not just customer satisfaction but customer delight: for us, the
customer's joy in company’s products is the ultimate measure of success.

Objectives:

 The Company main objectives is consent improvement in

quality.

 It wants respond to changes for better.

 Customer is supreme, means it gives to first prefence to

customer.

 To gives better team work each and every department.

 The Company want to produce safe product.

 It is improving organization systematically.

 It is a social objectives of the company, environmental friendly.

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 Always the company maintain social responsibility and also try

to maintain in futher.
Quality policy:
 The company quality policy is to improve product quality.

 A good quality product can retain the customer for ever.

 Company has resolved to keep up the quality standards at high level.

 All condition and measures necessary to ensure the safety and

responsibility of our product stage from production in the field to
reception of raw material and ingredient through the production
process in the factory until the dispatch of the finished product.

 The company will constantly ensure product quality and safety as per
our customer requirement keeping mind that our production are from all
category strive to continuously improve the company process through
the entire chain production.

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ORGANISATION STRUCTURE

Managing
Director

General
Managers

Divisional
Manager

Production Financial HR Marketing

Management Management Management Management

Unit manager Account officer HR Manager Asst. Manager

Godown Asst. Account Asst. HR Asst. Manager

incharge Officer Manager Junior

Supervisors Senior Asst.

Zonal Manager
Senior Personal
Officer
Assistant
Area Managar

Production Department

Managing director

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Unit manager

Godown in charge

Supervisors

Workers

The production unit is having human resource of 200 of which 6 are

technicians, 1 operator and 25 workers in packing section and remaining are
in the production and storage section.

Godown is a place where the entire inventory are arranged and preserved in
a systematic manner for a period of time.

Inventory means the idle resource if any kind provided that it has an
economic value.

Bansal Tyre (P) ltd is having a very good godown facilityof area 22x12
merers. In the premises of production unit so as to minimize the
transportation cost. As the organization is assured under ISO9001:2000, the
godown incharge is also following ISO9001:2000 guidelines in maintaining
the stock.

The godown is insured under oriental insurance company if there is an

excess inflow of raw materials the godown incharge sends the raw materials
to government warehouse where there is 10% discount for storing its raw
materials in the department godown incharge is the responsible person for
maintaining stock under the supervision of unit manager under godown
incharge there are 6 temporary workers retrieval incharge there are 6
temporary workers for retrieval of raw materials.
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Raw materials:

The main raw materials of a tyre are natural rubber, synthetic rubber, carbon
black and oil. The share of rubber compounds in the total weight of a tyre is
more than 80%. The rest consists of various kinds of reinforcing materials.

Approximately half of the rubber is natural rubber from a rubber tree. Rubber
trees are grown in the tropics, in countries like Malaysia and Indonesia. Most
of the synthetic, oil-based rubbers come from European manufacturers.

Approximately one-third of the compound consists of filler substances. The

most important of these is carbon black which makes the tyres black in colour.
Another
important filler is oil which is used as a plasticiser in the compound.
Furthermore, hardening or vulcanising agents, various booster chemicals and
protective agents are used in the rubber compounds.

Mixing:

In the mixing stage, the raw materials are mixed together and heated at a
temperature of approximately 120 degrees Celsius.

The consistency of the rubber compounds used in different parts of a tyre

varies, and the consistency also varies depending on the intended use and
model of the tyre. The rubber compound used in a summer tyre for a
passenger car is different from that of a winter tyre, and there are very few
similarities between the rubber compound of a bicycle tyre and that of a
forestry tyre.

Developing and adjusting the recipes is an important part of the tyre

development work.

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Component manufacturing:
The compounds are used in rubberising various components, such as cables,
textiles or steel belts. A tyre is manufactured from 10–30 different
components.Most of the components are various kinds of reinforcements.

Assembly:

Tyre makers assemble the components into green tyres using assembly
machinery.
When the components have been drawn onto the belt drum of an assembly
machine and the frame of a tyre has been set on the bulkheads of the
stretching machine, the machine’s loading wheel transfers the unity formed by
the surface and the belt onto the frame.

The frame is then pressurised and stretched to fuse with the above-mentioned
unity. This is how a green tyre is manufactured.

Vulcanising:

Green tyres are vulcanised in curing presses.

The high steam pressure conducted into the curing pad inside the curing
press presses the elastic green tyre against the tread pattern and side texts
inside the moulds, giving the tyre its final appearance.

Inspection:

Each passenger car tyre is inspected both visually and by a machine.

Attention is paid to any faults and defects with the appearance of the tyre in
the visual inspection. The machine measures the pattern as well as radial

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throw and lateral force variation of the tyre.

When a tyre has been inspected, it will be tested, labelled and transferred to
the warehouse for delivery.

Inventory control

First in first out (fifo) method is used to maintaining and sending the stock
because of perishable nature of raw materials.

EOQ (economic order quantity) method is used in ordering the raw

materials.

Book keeping

1. Purchase journal

2. Weighment register

3. Stock ledger

4. Stock receipt note

Role of godown incharge

1. He should keep godown premises clean.

2. He should use the preservatives as end required.

3. He should allot the batch numbers and date of intake of

particular raw materials.

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4. Intake of raw materials the sample should be sent to the

laboratory.

5. stock receipt note is send to accounts section ofter retrieving

raw materials

6. purchase journal should be maintained

7. supervise the workers to put the raw materials in specified

section.

8. follow the ISO9001-2000 guide lines in maintaining the godown.

Production is to convert set of input that is raw materials into a set desired
output (finished product)
Unit manager

Production in charge

Shift in charge

Technician/operator workers
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In Bansal Tyre (P) ltd, production incherge is responsible for the activities
taking placein the production department. Production incharge worke is
under the supervision of unit manager and he is having the shift incharge
supervisor,the technician of operators and workers in the production unit to
procedure qualitative food.

The Company is purely a production oriented unit. The production block is

systematically constructed keeping in mind the health factors of the
workers .the construction is so designed that thereis adequate lightening
and ventilation . the organization is conducting the general shift for the
production on the basis of order placed.

Responsibilities of production in charge

 Overall responsible for carrying out the production as per

planning

 Identification production batches

 Maintenance of plant and machinery

 Up keeping of premises

 Control of non-conforming products and taking corrective action

 Arrange for delivery of finished products

Responsibility of shift in charge

o Attendance and work allotment

o Work supervision in right manner.

o Give indent to godown in incharge.

o Follow ISO guidelines.

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o Preservative measures.

o Finished goods stock maintenance.

o Work allotment for packing section.

Finance Department

Chief Finance Manager

Account officer

Assistant Account Officer

Senior Assistant

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Assistant

The function and responsibilities of the finance and accounts wings include
the following:

 Determines the financial resources require to met the corporations

operations operating, and capital expenditure programmed.

 Established and maintain a system of finance control governing the

allocation and use of funds.

 Analyze the financial results of all operations report the facts to

management and make recommendations concerning future
operations.

 Carryout special studies to improve efficiency and profitability.

REPORTING:

The following reports are submitted to the management.

 Resource employed

 Summary of cash flow for the quarter

 Forecast of cash flow for the next quarter

 Capital expenditure incurred during the quarter compared with

sanctioned amount budget estimate etc.

 Any other report prescribed by the undertaking relating to financial

materials

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DIVISION OF FINANCE AND ACCOUNTS WING:

 Establishment

 Bills and banking

 Management information system and financial concurrence

 Asset accounts

 Book-keeping and compilation

 Budget and finance

 Internal audit

BILLS AND BANKING:

 Arranging payment of suppliers bill

 Maintenance of cash book connected records for cash and bank

transaction

 Reconciliation of balances.

DUTIES AND REPONSIBILITES:-

CHIEF FINANCE MANAGER:

The finance accounts wings under the charge of chief finance manager who
works under the control and directions of the director. He is responsible for
the proper maintenance of account and to conduct financial transaction in
accordance with rules and regulation framed by the organization instructing
bearing on the accounts and finance audit of the organization will be issued
by him. He should periodically conduct inspection of the accounts maintained
in the department and should report to the director.

ACCOUNTS OFFICER:

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 He is responsible for the efficient working of the section. Under his

charge he should supervise the working of the section, to ensure the
account document and books are maintained according to the
provision of this manual and instructions issued from time to time.

 He is responsible to apply preliminary checks to all initial documents

vouchers and accounts emanating from the section.

 He should ensure by proper supervision.

 He should ensure that all enquires and audit observations

communicated to necessary information bought should also be
arranged.

 He may be required to undertake such scrutiny of accounts and

records as consider necessary by the chief manager and account
officer.

ACCOUNTANTS:

 He is an direct charge of the account section and responsible to the

account office in so for as maintenance of proper account of the
section of the section is concerned. He is the supervisor the working of
various assistance to see that the prescribed accounts procedure are
correctly followed.

 He should also do original work instructed by the accounts officer. He

should assist the accounts office to show efficient discharge of the
work at the section.

 He is responsible for the timely completion and prompt submission of

the various statement required to the complied in the section.

 He has to report inefficient and slackness notice by him in his section

to his immediate superior for information and necessary action.

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 It is his responsibility to arrange to maintain the sectional diary and

register in the prescribed form submit to the accounts officer every
week putting an abstract and furnishing the certificate’s.

FUNCTIONS AND SYSTEM OF ACCOUNTS:

 All the function of security payment and accounting of the transactions

arising in the process are centralized in the accounts wing.

 It is responsible for maintenance of initial accounts the function

distribution of work will be as follows.

1. Establishment account

2. Work accounts

3. Stores accounts

4. Supply bills

5. Accounts compilation banking and cash

GENERAL LEDGER:

All receivables and payables are maintained in this ledger.

Under this two sub ledger is maintained i.e.

Cost ledger

Control ledger

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Personal ledger

In cost ledger, all profit and loss items, and payments and receipts are
maintained

In control ledger, all balance sheet items like fixed assets and current assets
are maintained.

In personal ledger, all clients and suppliers accounts are maintained.

SIGNIFICANTS OF ACCOUNTING POLICIES

The financial statement has been under the historical cost convention all
income and expenditure having a material bearing on the financial statement
is recognized on accrual basis.

FIXED ASSITS AND DEPRECIATION:

 Depreciation is calculated on straight line method adopting the rates,

specified by the excise department

 Depreciation in the respect of additions is provided for full year

irrespective of the dates addition

 In respective of fixed assets no depreciation is claimed during the year

of sale.

 Plant and machinery costing Rs. 50,000 are less individually

depreciated at 100% in the year.

TREATMENT OF EXPENDITURE DURING THE WORKINPROGRESS

INDIRECT EXPENDITURE

Indirect establishment expenses, general expenses, receipts relating to

common units and depreciations on service assets are appropriated between
capital and revenue on the basis of budget/departmental estimated. The

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amount apportioned to capital works is charged to individual brands and to in

terms of works on the basis of actual works expenditure during the year.

FINANCE COST

Finance cost attributable to working capital requirements are completely

charged to profit and loss account.

Other finance cost apportioned on the basis of cumulative capital expenditure

at the beginning of the year.

HR Department

HR Manager

Assistant HR Manager

Senior Personal Officer

Welfare officer Assistant personal officer

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The existing long term wage revision settlement is in force till 31 st December,
2008. The industrial relations are cordial and the company has not suffered
any loss of production on account of labour problem. The Directors
acknowledge the support and co – operation from employees at all levels.

The company has drawn out a specific program to harness and improve the
knowledge, skill and efficiency of each employee for their career
development. The senior management is actively involved in boosting
employee morale through continuous dialog in structured communication
meetings.

The personal dept. performs all the functions right from the recruitment to right
from an employee. The development of a just & reasonable promotion &
transfer policy, the placement of employees according to their qualifications, &
plans which aim at increasing efficiency, promotion job satisfaction, motivating
employees, & finally the administration & adoption of wage & other incentive
plans, all these are looked after by the personal dept.

PERSONNEL DEPARTMENT

ESTABLISHMENT TIME
OFFICE

ESTABLISHMENT DEPARTMENT

Establishment dept is the dept where the new employees are recruited. The
technical & commercial dept. sends an internal memo letter regarding the type
of employee: they need to the concerned dept. after receiving the letter the
establishment dept. gives the advertisement & details in the newspaper. As

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they receive the bio – data of the fresher from the different places, latter they
select and send them call letter for interview.

Establishment procedure

Advertisement

Recruitment

Call letter

Interview

Selection

Officer of appointment

Training

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Method of training

The training is conducted usually to the class room training and in addition to
it on the job training is a must. From various departments training nominations
are received.The training provided by Bansal Tyre (P) ltd. Is

1) On the job training – technical

2) Off the job training – clerical

3) Training

Training committee

A committee has been formed in order to access, evolve, co – ordinate and

meet the training needs to bringing in visible improvements in understanding
the shop floor.

Training Recruitments

1. The training has to be spelt out with clarity.

Training can be imparted on any of the following areas

 Technical competencies

 Safety training

 ISO initiatives

 Legal requirements and compliance

 Behavioral aspects

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2. Objectives of training must be made clear and measurable

3. Areas/Departments must be specified

4. Need for improvement to be clearly spelt out

5. Specific “lack of understanding” should also be clearly spelt out.

Evaluation of training

The benefits of each training program should be evaluated immediately or

within reasonable time jointly by the concerned department and the
committee. The training has to be followed by evaluating the extent of specific
improvements which have taken place after imparting such training.

The existing long term wage revision settlement is in force till 31 st December,
2007. The industrial relations are cordial and the company has not suffered
any loss of production on account of labour problem. The company has drawn
out specific programme to harness and improve the knowledge, skill and
efficiency of each employee for their career development. The senior
manager is actively involved in boosting employee morale through continuous
dialogue in structured communication meetings..

Further indirect employment in provided by way of purchase from ancillary

and small scale units in the near and general economic development of
region.

TIME OFFICE DEPARTMENT

Every industry either small or big has the office dept., which deals in the time
keeping of the various employees in the factory. Every worker should be
punctual & proper attendance of the worker is the must, so time office plays a
very important role in an organization.

At Bansal Tyre (P) ltd. Punch card system is prevailing to keep the record
of the timings during which the worker comes inside the factory premises to

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work & the time he leaves the factory. Each worker has to punch his card in
the punching machine before his working hrs. & if, he is one minute late one
hour pay will be deducted from his salary. Before this the company gives
three chances & if the same is repeated more than three times & they will not
be allowed inside the factory.

FUNCTIONS OF THE PERSONNEL DEPARTMENT

 Checking and recording the attendance of the permanent workers

of the company.

 Calculation of wages of the company.

 Adding overtime incentives to their wages.

 Granting leave to the employees as and when they request.

 Salary increment of the workers.

 Giving advance or loans to the employees.

 Paying gratuity to the employee, who had resigned, retired or

expired.

TIME SCHEDULE OF THE COMPANY

There are four shifts in factory workers have to work accordingly, shifts are as
follows:

‘A’ shift 06.00AM to 02.00PM

‘B’ shift 02.00PM to 10.00PM

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TIME OFFICE MAINTAINS VARIOUS FILES AND RECORDS

Register of leave with wages, leave book, pay sheet of salary sheet, register
of O.T., Register of absenteeism, Register of late arrivals, Office order files,
office circular files, and accidents record files, personnel files of the
employees, allowance files, strikes & lockout files, time office procedure files,
increment files, etc.

LEAVE FACILITIES TO THE WORKER

Privilege leave--------------- 1 day leave for every 20 working Days

Casual leave------------------- 7 days

Sick leave---------------------- 4 days

Maternity---------------------- As per ESI Act

ESI leave ---------------------- In case of harmful or chronic disease of

Accident

Time office dept. is one of the important departments of the company; it keeps
records & files of all the employees of the company.

WELFARE FACILITIES TO THE EMPLOYEES

STATUTORY WELFARE FACILITIES TO THE EMPLOYEE

 Drinking water.

 Rainy wears uniforms & shoes.

 Shelter room & lunch room.

 Safety office.

 Fire office.

 Crèche building.

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 ESI, Gratuity, P.F., Bonus facilities

NON-STATUTORY WELFARE FACILITIES TO EMPLOYEES

 Housing facilities

 Education

 Training and development

 Medical check up

 Sports, game, cultural activities

 Reading room

 Banking facilities

 Company’s own social security

Medical

Company runs a Hospital with 4 beds with a well laboratory, X-ray manned
by specliased doctors, including 1 compounder and staff nurses. A heart
specialist visits once in a week at this hospital. The families and dependents
of employers not covered under ESI scheme are eligible for having medical
treatment in this hospital. Specialized consultation facilities are also made
available periodically.

HOUSING

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Housing facilities are being provided to some of the senior employees of the
top cadre and loans are provided for them to have permanent houses, which
can be paid in easy installment.

EDUCATION

Education facilities to the children of some senior employees are being

undertaken by the company, so as to increase the employee morale, so that
they can utilize the employee’s worth to the maximum extent.

TRAINING AND DEVELOPMENT

Well planned training programs are under taken by the company so as to train
the employees in different functional aspects.

Senior employees keep sharpening their skills through the latest management
development like total quality management.

INDUSTRY SAFETY

The Bansal Tyre (P) ltd., considers safety as the main function of their
productivity. The Executive Director of the company is considered as occupier
of the company. Apart from that the factory manager is considered as
representing occupier. The Industrial safety department works under
president technical, which is the top most authority of the production. The
safety officer has been appointed as per the factory’s Act, 1948 sec 40 B.

The company is very much interested to eliminate hazards in the work

environment. The following are the tools which are being utilized to eliminate
hazards.

1. Safety Survey

2. Intermittent Safety Inspections

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3. Periodical Safety Inspections

4. Safety Audit (Internal)

5. Safety Audit (External)

6. Hazard and Operability Study (hazop study)

Apart from the above the company has formulated departmental operating
procedures (DOP).The company is certified by ISO 9001(2000). The company
is following work permit system.

1. Hot work permit

2. Work permit class 2

Marketing Department

Marketing Manager

Assistant Manager

Junior Assistant Manager

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Zonal Manager

Area Managar

Marketing management analysis, planning and implementation and

controlling programs designated to bring about desired exchange goods and
money with marketing needs and desired and using effective promotional
activates to improve sales and attain the desired profited.

The Company has a very able marketing department. It has a very effective
staff and well –trained staff. They carry out the marketing activates very well
and try to reach desired goals within a specifics time period.

The Company is a 100% EOU having its customer from European countries
and therefore it is very much necessary to understand the customer
requirement related to gherkin of those importing countries.

Customer:

The organization is having the costumers in various countries of Asia

including

India,Srilanka,Nepal & Bangaladesh.

Marketing Functions:

 To capture the market share.

 To collect the information about revenue.

 Maintaining sales and other accounts.

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 To attain major market shares.

 To over competition

 The heart of any good business activity is its marketing and

distribution strength.

 Our consistent growth can be attributed to experts in this areas.

 Determination of requirements related to the product.

 Capturing customer perception and determine the satisfaction

level.

 Our product and brand management team based at our

marketing office in kalahandi, which is district head quarters in the southern
Indian state of Orissa, guide them with required marketing and training input.

 Marketing Mix : it is the policy adopted by the manufactures to

get success in the field of marketing

 Product Policy: It includes both the turns of development &

improvement produced and existing products.

 Distribution Policy: The manufactured product of the company

is supplier to the factory depots. There are various depots in various states &
stored there.

 Sales & Promotion: the drawback is poor advertising & sales

promotion.

 Packing: Uses different materials for different products, card

board boxes synthetic covers.

As the company markets their products, it ensures that there is proper

description of their product & its distinct features. So that the consumer can
be position to understand its components.

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CHANNEL DISTRIBUTION:

Manufacture

(Bansal Tyre (P) Ltd)

Agents

Stockiest (Wholesalers)

Retailer

Consumers

STRATEGY:

Strategic planning is about asking questions, more than attempting to answer

them. Strategy formulation entails a search for a different frame of reference.
It is the quest for a new business paradigm. There are two types of paradigms
that apply to management, namely the business and the organizational or
managerial paradigms. The business paradigms define a company’s position
in the market place with respect to customers, technology and products.

Strategy is a choice of direction and action; the company adopts to achieve its
objectives in a competitive situation. Any statements on overall of functional
strategy that the company may wish to share are:
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Improvement in the existing products.

 Their future plans include launching of new products.

 The cost control exercise is in consolidation.
 Introduction of cost effective substitutes without compromising on
quality

Strengths:

 Bansal Tyres strength is the power to take on all challenges.

 The company are adopting and have adopted different techniques.,

which are unique and unparalleled in any part of the tyres industries.

 The company is working effectively to achieve the goals of the industry

in the back drop of liberalization of the economy. Massive efforts have
been undertaken towards organization development.

 Operational excellence is the big strengths of the company.

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 Through a programmed of continuous improvement, Bansal Tyres has

achieved excellent operational performance. It seeks to continuous
bench marking each aspect in achieving the highest standards.

 Bansal Tyres has the back up of technical and managerial expects who
look after all the functional departments with great discipline.

 The team of professionals & experts working in the organization are

valuable assets.

 The company has wide distribution networks

 The company has full expertise on market

 The company strengths cost effective & durable products

 Processing time of the order is very short.

Weakness:

 The company has lack of man power

 Casual laborers and contract labors who possess the difficulty of

utilization of man power resulting in it production strategies.

 Establishing charges are very high in the company

 Low safety level is a very big problem for the company

 Communication process is bad, it is also a big weakness of the

company

 Promotion policy is not good . company gives promotion on seniority

basis and not on performance.

 Unwillingness of the staff to change to new practices.

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Opportunities:

 Bansal Tyres hold tremendous growth opportunity in the field of

investigation

 The Company hold tremendous growth opportunity in the field of

development,

 The Company design of different kinds of brands in to the market.

 The Company Technological up gradation

 Going in for branding strategy

 Planning for personal Relations Activity.

 The company give opportunities to freshers.

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Threats:

 With the advent of different kinds of rules and regulations enhanced by

the government of Orissa. It has become a threat for the tyres
industries to launch the desired brands in to the market under all these
conditions.

 The big threats of the company about competitors in the market

 Changing of technology become a big threats for the company

 Significant disruption in demand in developed countries from key

consumer segment
 Competition from scrap imports and very high threat from substitute
materials particular plastics
 Progressive reduction in cycle tyre import tariffs
 Bureaucratic nature of Government - Socio-Political interventions (in
leasing mines)
 The Company infrastructure is deficit.

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Observation:

 Bansal tyre (P)ltd providing challenging and rewarding career

opportunities to its employees with the spirit of participation, care and
empowerment.
 The company is earning profit of year and it is not confronting any
financial problems.
 The company is equipment with fully automatic system which ensure
total quality maintenance (function).
 The company is also under the process of computerized whole
organization within a shirt span
 The company has a sound financial department, which takes care of all
financial transactions and financial decisions. The whole accounts are
carried out through computers.
 The company has a efficient HR, which takes care of the employee
welfare activities
 Planned purchase of raw materials and high productivity.
 The company as a efficient Marketing team.
 The company are suffering from technical problem.

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 The company are not doing very good promotional activity for the
product development.
 The company has not skilled employee in the marketing team.
 The company are not doing any thing for their product development.
 The company has not very good human resources for retaining their
employees.
 The employees of this organization are not efficient for perform their
duity.
 The company should increase their man power resources.
 The company needs to increase their market share for competeate with
the competitors.
 The company are not doing anything for the brand promotion,so this is
become a big problem for the sales department.
 The employees of this company are not fully satisfied.

Suggestion:

 The company needs young, talented and hard working people to attain
its important goals which can be done downsizing of the present work
force and get new talent in new areas of work.
 The company has to put little more effort to increase their production.
 The company should give more importance in keeping the premises
clean and hygienic and make attractive which keeps the employees
fresh and motivated
 The company is better give more importance towards the
infrastructure. This will motivate the employees and help them work
more efficiently.
 Attractive package should be made to attract end user.
 The company needs to improve awareness in the minds of employees
through systematic training.

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 Bansal Tyre (P) Ltd.

 The company employees with the spirit of participation, care and

empowerment.
 The company is earning profit of year and it is not confronting any
financial problems.
 The company is equipment with fully automatic system which ensure
total quality maintenance (function).
 The company is also under the process of computerized whole
organization within a shirt span
 The company needs to do promotional activity for their product
development.
 The company needs to improve quality of the product.
 The company has a sound financial department, which takes care of all
financial transactions and financial decisions. The whole accounts are
carried out through computers.
 The company has a efficient HR, which takes care of the employee
welfare activities
 Planned purchase of raw materials and high productivity.
 The company needs to follow the different Distribution channel for the
supply of their product.

Learning Experience:

As far as my learning experience is concern, I learn many this like;

 I learnt the most important things in the organization is time

management.

 How the external and internal factors affects the organization.

 The effect of the technology on the business.

 I learn the role of the technology on the business.

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 Bansal Tyre (P) Ltd.

 I understood the role of management in the organization.

 Learnt about new technology in related field.

 I understood how does a company use the Marketing tactics and use in

the market.

FINDINGS:

 It is a company wholly owned by government, so it has to follow the

rules made by the government.
 The company is under utilizing its capacity.
 Its production is based on old techonology, which leads to more wastes
in the production process.
 Consumer awareness of its products is very less.
 Its products are not available easily in district places of states other
than Orissa .
 There is mismatch in production & sales activity.
 Recruitment in the company has been stopped since 1989 due to some
circumstances and recruitments are taking place only some
department.

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 Bansal Tyre (P) Ltd.

Annexures:

BALANCE SHEET AS ON 31/03/2009:

Capital & Liabilities 31.-.3-2009 Property & Assets 31.-.3-2009

Equity Capital Fixed Assets

Equity Capital (Orissa) 2438254 Fixed Assets 12385201

Equity Capital (Union Govt.) 480,976 Capital Work in Progress 684678

Investments

Insurance & Accident Reserve Fund 500

Investment Against Fund -

Other Investments 0

Internal Resources Contingency Fund 0

capitalization from Depreciation reserve

Expenditure. 6401590 Current Assets

Inventories 277818

Reserves & Funds Stores & Spares

Reserves 448304 Work in progress 119

Depreciation Reserves 2,406 Regional Workshop in B'lore 0

Regional Workshop in Hassan 0

Secured Loans Units 119

Loan from Commercial Banks 2733,499

HDFC Loan - Sundry Debtors

Short Term Loans (HDFC) - Debtors Considered Good 525026

KUIDFC Loan 43,036 Debtors Considered Doubtful 4341

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 Bansal Tyre (P) Ltd.

Advances

Unsecured Loans Advances to Employees 161339

Loan from state Gov. 360000 Advance to Suppliers 243634

Interest on State Govt. Loans 30254 Advance to other Parties 864

Interest Earned on investments But not

Public Deposits 29 Received. 203

Commercial Papers - Stock Adjustment Account 24314

HDFC loan Receipt towards Employees 85168 Assets Adjustment Account 0

Deposits by the Corporation 134140

Liabilities Pre Paid Expenses 13184

Current Liabilities & Provisions 2079873 Cash

Provisions for Written Off of Anticipated

loss 4206 Cash on Hand 510664

Provisions for Written Off on Dad outfall Cash at Bank ( Current A/C including Deposits
debts 4341 ) 347615

Deposits (other than Public Deposits 618609 Cash in Transit 122390

Deferred Revenue Expenditure 35703

Net Profit (Transferred to Net

Revenue A/C ) Net Loss -

Net loss Brought Forward from preceding year 1254582

Less: Net Profit brought from net revenue A/c 577052

10,117,703 10,117,703

Bibliography

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 Bansal Tyre (P) Ltd.

 www.google.com

 Company magazine

 Company manual

 News paper

 www.answers.com

 www.yahoo.com

 www.wikipedia.com

 Related books

 Search engines

REFERENCE:

1) Human Resource Management

K. Aswathappa, Human Resource and Personnel

Management, 3rd Edition, Tata McGraw Hill.

Dessler, Human Resource Management, 9th Edition.

2) Marketing

Philip Kotler, Marketing Management, Milennium

Edition,

Prentice Hall of India Private Limited, New Delhi.

3) Production

K. Aswathappa & K. Sridhara Bhatt, Production &

Operation.
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 Bansal Tyre (P) Ltd.

Management, Himalaya Publishing House, Mumbai

4) Finance Management

Prasana Chandra, Publisher, Himalaya Publications,

4thEdition

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