30-01-2013, 03:19 PM
FINANCE, ACCOUNTS & AUDITING IN (Hindustan Pumps & Electrical Engineering Pvt. Ltd. Karnal, Haryana)
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ABOUT THE INDUSTRY
Hindustan Pumps has established itself as a distinguished manufacturer of high quality, dependable, efficient, tough, long lasting pumps for over a decade and a half, setting a tradition of excellence. However, Hindustan Pump's association with the field dates back to 1975. Hindustan Pumps achieved ISO 9002 : 1994 on 21st April 1999. firstly among pump industry. Industry is presently working on latest international quality system i.e. ISO 9000-2000 standard. Company has also undertaken Japanese quality management technique (GEMBA-KAIZEN) in day-to-day working. Today Hindustan Pump is the most trusted name in Pump industry. Company has been manufacturing submersible pump sets of different size & type in the single brand name of 'Hindustan' since beginning. In the year 2003 company launched its second brand 'Uttam' as a marketing strategy for opening new market avenues. Company has acclaimed reputation of high standard performance with excellent after-sale-service. Extensive research and tremendous efforts lie behind this achievement. Hindustan pump sets are manufactured keeping End-User in mind. From time to time as per trends and demand of market company has come up with new products. Now company is coming up with new product i.e. sewage, dewatering, drainage sewage submersible pump ranging between 1 HP to 30 HP for different head, discharge and different size of solid handling as per the requirement of client
Mission
Customer satisfaction is the core of all endeavors. We strive to build a strong business relation with our clients by offering best quality of Basmati rice at the most reasonable prices.
Vision
Our vision is based on the guidelines of our founder late Mr. Vijay Kholi. It focuses on capturing the world market with the tradition of trust, commitment and quality.
RESEARCH OBJECTIVE
To know the consumer feedback.
To know the marketing strategies adopted to promote these products.
To make the private players responsible to the investors and not to the government.
To increase the competition in this sector so that the common people has the advantage of enjoying quality services at a reasonable cost.
Insurance has a far reaching effect in synchronizing between the various services sectors. So if the sector can grow, the prospects of the various other services sectors remains to be promising.
DATA SOURCES
Data Sources is the most important tools for the running the firm/ organization. Systematic gathering of data for a particular purpose from various sources, including questionnaires, interviews, observation, existing records, and electronic devices. The process is usually preliminary to statistical analysis of the data.
SECOUNDARY DATA
Secondary data is data collected by someone other than the user. Common sources of secondary data for social science include censuses, surveys, organizational records and data collected through qualitative methodologies or qualitative research. Primary data, by contrast, are collected by the investigator conducting the research.
Secondary data analysis saves time that would otherwise be spent collecting data and, particularly in the case of quantitative data, provides larger and higher-quality databases than would be unfeasible for any individual researcher to collect on their own. In addition to that, analysts of social and economic change consider secondary data essential, since it is impossible to conduct a new survey that can adequately capture past change and/or developments.
FINANCE AND ACCOUNTS
There are a lot of transactions in a day in the organization. So, we have to record them in the “Books of Accounts”. After that, conclusions are drown after one year. How much cash we have and on which the terms we have and on which the terms we have used the cash? What is our source of finance? What is our fixed capital & date capital? How many debtors & creditors we have? All the records are maintained by the a/c dept. At the end of financial year, trading and P & L A/c & Balance sheet are prepared for knowing the financial position of the company.
Manufacturing Process
First step of the Manufacturing Process purchase the raw material (wire, iron sheet, iron rod etc.) after this process prepare the design the pumps. After that boring & drilling the
Iron sheet, the pasting and wiring the motor etc. After this process when the motors are completed then started the process testing & checking .when the testing report OK then making the level of Hindustan Pumps & Electrical Engineering Pvt. Ltd. After that starting the packing process. The packing the woods box .The box are prepaid according to size of motor.