MEDINEX

A
PROJECT REPORT
ON
PRACTICAL TRAINING UNDERGONE
AT

Medinex Laboratory Pvt. Ltd.

Plot NO: 2 & 3, Survey No: 277/1,
Ukharla – 364005.

Prepared By : Guided By :

Saliya Hardik. D. L. J. Vanani

S.Y.B.B.A.
Roll No: 88
B.B.A DEPARTMENT
S.S.C.C.M
Sardar Nagar, Bhavnagar.
Ph No: (0278) 257010

Academic Year : 2008 – 2009

MEDINEX

INDUSTRIAL TRAINING PROJECT

REPORT ON

MEDINEX LABORATORY PVT. LTD.

PREPARED BY : GUIDED BY:

Saliya Hardik. D. L. J. VANANI

S.Y.B.B.A.

Roll No : 88

SUBMITTED TO:

S.S.C.C.M.
(B.B.A. DEPARTMENT)
SARDARNAGAR, BHANNAGAR.

BHAVNAGAR UNIVERSITY

ACADEMIC YEAR : 2008-2009

MEDINEX

CANDIDATE’S STATEMENT

I undersigned HARDIK D SALIYA. The student of S.Y.B.B.A. Here by

declare that the project work presented in this report is my own work and has carried
it out under the guidance of Mr. L. J. VANANI of SWAMI SAHJANAND COLLAGE
OF COMMERCE AND MANAGEMENT, BHAVNAGAR

DATE: 31st, December

PLACE: BHAVNAGAR

SIGNATURE:

HARDIK D SALIYA
MEDINEX

PREFACE

Industrial training is the part of S.Y.B.B.A. During the training.student learns a lot
which is not given in the class-room. The aim of this project is to develop not only
theorical knowledge but also to give and improve practical skill, in every student,
which is helpful to him in every field in his future.

Being a student of second year I have the honor of having a practical training in the
MEDINEX LABORATORIES Limited located at Ukharla Bhavnagar.

In respect to the requirement the course, prescribed by Bhavnagar University. I have

finished my assignment.

To under take the practical study of large scale industry. Basically the report deals
with four “needed study department” can be descried as general information,
personal department, marketing department & finance department.

The report is reflected of which I Undertook learnt during my training. This report is
prepared for the purpose of the study not theoretical matter but a practical matter.
MEDINEX

ACKNOWLEDGEMENT

It is fact that behind the success of a student there is always a good teacher to be
the right direction at the right speed. You require a spark and you can travel all
through your destination. While I was preparing a project report on medinex ltd so
man around & unknown face assisted me directly or indirectly.

For the same I would like to thank miss rachna madam for giving me an
opportunityfor training in the company.i would like to express my gratitude to
Mr.L.J.Vanani and all the teachers who have guided me during my project report.
I would like to express my heartily thanks to all the people namely Mr. Nandisen K
Shah and Mr. Kirtibhai N Thakkar etc at Medinex Ltd for giving me valuable
information response.

Last but not least, I am very much thankful to my friends and all other members of
Medinex for extending their help to complete my project successfully.

Mr. Hardik .D.Saliya

Roll No: 88
S.Y.B.B.A.
MEDINEX

INDEX

 General information

 Human Resource Management

 Marketing management

 Financial management
MEDINEX

GENERAL
INFORMATION
MEDINEX

GENERAL INFORMATION

 HISTORY OF THE COMPANY

 EYE VIEW OF UNIT

MEDINEX
 BENEFITS OF LOCATION

 MANUFACTURING PLANT

 QUALITY CONTROL

 EFFLUENT TRATEMENT PLANT

 SIZE OF THE UNIT

 LIST OF PRODUCTS

 NUMBER OF EMPLOYEES

 CONTRIBUTION OF THE UNIT TO THE INDUSTRY

 QUALITY ASSURANCE PLAN

History of the company

Medinex laboratories Pvt. Ltd was established in 1972 with formulations and
started production of Bulk drugs (APIs) in the year 1982.
MEDINEX
Looking to the space constraints, market demand and revised norms of Schedule-
M of Food & Drug Control Authority, the plant was relocated to this site.
The primary purpose of this industrial establishment is the production of important
& life saving bulk drugs.
In-house R&D has developed the processes for manufacture of the products of
Medinex.

Location:
The site is approximately 14.0 km away from Bhavnagar and in the South
direction. The site falls under notified industrial area declared by Bhavnagar district
authority.
Bhavnagar is on the Western Railway Line. It is 761 kilometers from Mumbai via
Ahmedabad and 788 kilometers via Viramgam.
State transport buses and private luxury coaches connect various centers of
Gujarat. It is situated 791 kilometers from Mumbai via Ahmedabad and 200
kilometers from Ahmedabad via Sihor.

Bhavnagar is an all weather intermediate port equipped with a number of facilities.

Whereas Ghogha port is a minor port.
The project site is adjacent to State Highway No.8 E.
The site is located at the above mentioned address and lies in the southeast
corner of the peninsular region of Gujarat known as Kathiawad or Saurashtra
Other location details are as follows:
Place: Ukharla Taluka: Ghogha, District: Bhavnagar, State: Gujarat.
The site is located:
Geographical Location & Area of the Premises are displayed below.

Latitude : 21.45 N
Longitude : 72.10E
Elevation above Mean Sea Level : 0.304 meter
The total area of the site : 9905.25 meter
MEDINEX

EYE VIEW OF UNIT

MEDINEX

Name : Medinex Laboratories Pvt. Ltd.

Address : Plot - 2&3, Survey-277/1,

Village : Ukharla – 364005.
Taluka : Ghogha.
District : Bhavnagar.
Gujarat.
India.

Phone : 0278-2883161 / 3291399

Form of org. : Privet Ltd company

Fax : 0278-2883163

E-mail : medinex@yahoo.co.in

Name of the : Nandisen Shah

Contact Person
MEDINEX
BENEFITS OF LOCATION

 Outside the range of municipal octroi office...

 Away from the city environment & not come under the authority of BADA

 In very well developed industrial area…

 Transportation facility is easily available because of the near state highway.

Also because the city Bhavnagar is connected to Ahmedabad & Baroda
which is 200km away with a road and connected Mumbai with a direct flight of
40 minutes…

 Availability of electricity in good way…

 Availability of ample of water supply in companies own bore well…

 Here, land is available for future expansion…

 Local worker are easily available from the market…

MEDINEX

Manufacturing Plant

The API bulk drug plant is well equipped with reactors, pumps and centrifuges.
There is adequate safety control and Good Manufacturing Practices are
strictly followed. Balances, digital temperature indicators, pressure / vacuum
gauges are calibrated periodically. A team of experienced Chemical Engineers
and Technicians manage the manufacturing process right from the first stage
to the dispatch of the finished product.

The Warehouse has separate places for storage of raw materials and
finished products. All materials are classified, properly labeled and kept in
specified allotted places. Finished products are guarantied and kept in separate
Bonded Rooms. A well maintained Cold Storage is available in the
warehouse for storing specialty chemicals and finished products.

Quality Control

The Quality Control and In - process control Laboratories situated in these

plants have all testing facilities and are well equipped with sophisticated
instruments like UV and IR Spectrophotometers, Automated Potentiometer
Titration, etc.
MEDINEX

Effluent Treatment Plant

Effluent treatment plant takes care of the residue and various effluents
generated during the manufacturing processes and adhere to Statutory
requirements of the Pollution Control Board.

The Company also has a Safety Department responsible for creating safety
awareness at all levels. Regular Safety and Technical Audits are conducted
to identify the deviations, if any, from Good Manufacturing practices and
corrective actions are taken wherever necessary.
MEDINEX

SIZE OF UNIT AND FORM OF

ORGANISATION

Size of The unit means what is investment of the company, turn over of
their standard. There are some basis of which the size of unit can be fixed.
Accounting to government policy there are certain standards regarding scale
operation which are as follows.

1. Small Scale : Investment up to 60 Lakes.

2. Medium Scale : Investment between 60 and 100 Lakes.

3. Large Scale : Investment more than 100 Lakes.

Medinex investment is more then 100 lakes so that Medinex is large

scale industry.
MEDINEX

LIST OF PRODUCT

Sr. Name of Product CAS No.

No
1 Adrenaline BP/USP/IP/EP [51-43-4]
2 Adrenaline Acid Bitartrate [51-42-3]
BP/EP/USP/IP
3 Carbazochrome JP [69-81-8]
4 Carbazochrome Sodium [51460-26-5]
Sulphonate JP
5 ChlorothiazideBP/EP/USP [58-94-6]
6 Dihydralazine Sulphate Hydrated [7327-87-9]
BP/EP
7 Dimenhydrinate BP/EP/USP/IP [523-87-5]
8 Hydrochlorothiazide BP/EP/USP/IP [58-93-5]
9 Isoprenaline Hydrochloride [51-30-9]
BP/EP/USP/IP
10 Glutamic Acid BP/EP [56-86-0]
11 Norepinephrine Bitartrate [69815-49-2]
BP/EP/USP/IP
MEDINEX

Number of employees

engaged in Production, Quality

Management System, Engineering and
Ware housing on the site

Sr.no. Department Managers Executives Workers Total

1. Production 1 1
Wing A 1 (chemist) 1 2
Wing B 1 1
Wing C 1 (chemist) 1 2
2. Quality 1 1 0 2
Assurance
3. Quality 1 4 1 6
Control
4. Engineering - 1 1 2
5. Ware housing 1 - 1 2
6. Administration 1 3 (Clerk and 1 (peon) 5
computer
operator and
a
receptionist)
7. Housekeeping - - 2 2

Total (Managers + Executives + Workers) 25

MEDINEX
CONTRIBUTION OF UNIT TO THE
INDUSTRY

A company or a firm is an individual which actually belong to a

particular industry. The groups of firm producing same or identical product are
grouped under industry. .

The success of any company cannot be measures by the figure of

profit but also by contribution of company towards industry and society.

Every unit has always to a more or less extent contribution to its

whole industry and society.

The MEDINEX LABORATIORES of company has made contribution

in national as well as international market. The firm plays an important role in the
industrial development and in the growth of nation as this firm gets monopoly of
quantity
MEDINEX

Quality Assurance Plan

Medinex Laboratories Pvt. Ltd

MD/
Executive Director
receives

Order is executed if
Written or Oral message is given to product is available as
Executive Production for production per requirements
/supply & stock
Executive Production reviews the Order in consultation with
store manager decides to dispatch the part of order, if stock Dispatch to
is partially ready. Otherwise manufacture the specific the customer
products as per the final product specification. after gate pass
& entry in
dispatch
As per the planning, or work out for register, along
the requirement of RM & PM in with delivery
consultation with store manager challan,
Executive production informs Invoice &
Purchase Manager for purchasing COA & other
required
Raw materials/PM required for the product is received at the factory along documents
with quality certificate if required from manufacturer. In charge stores will
check the material as per check list, labels the material, prepares GRN &
sends copy to QC In-charge. , Sampling & Testing are done from QC (as per
in coming QAP) if the RM/PM is acceptable than stock inward in the Raw
Material Stock Register

In-charge Stores issues RM

against the requisition.

Executive-Production monitors &

Records the production activities

Order
FormAis
 MEDINEX

Marketing Manager/MD/Executive Director informs Production Executive on phone, through e-mail

or Purchase Order regarding the manufacturing of the particular product. Executive Production then
informs chemist-In-charge to start manufacturing Activity for specific product following the MFC for
that product as per IP, BP, EP, USP, JP or customer requirements. In case of new product analyze the
possibility of production & purchase of material, machine required. Analyze & prepare trial MFC.
Take a trial batch. If trial product meet the requirement, than standardize the MFC & include in the
product list after necessary approval.

Executive Starting to
Filtration/ Drying
Production ensures process the
proper cleaning of Batch Centrifugation
the area
Mixing
Supervise the roper Coolin Pulverizing
washing & cleaning
Stirring
of the Equipments
& utensils Mixing with Solvent if
required/Precipitation Labeling &
Heating if Packing
Receives RM at
required
mfg. wing

Filtration
In process testing of the quarantined material
as per in process QAP & In charge QC

Assay Result as per specification of the product

Inspection, analysis & testing of final product as per the final QAP
under the supervision of In-charge QC

Stock transferred to FP
store

Dispatch to the customer after gate pass & entry in dispatch

register, along with delivery challan, Invoice & relative
certificates.
MEDINEX

HUMAN
RESOURCE
MANAGEMENT
MEDINEX
HUMAN RESOURCE MANAGEMENT

 INTRODUCTION

 QUALIFICATION,EDUCATION, EXPERIENCE OF THE PERSONNEL

 ROLE OF A PERSONNEL MANAGER

 RECRUITMENT

 HUMAN RELATION

 APPOINTMENT AND MEDICAL CHECK UP

 INDUCTON TRAINING

 TRAINING & DEVELOPMENT

 JOB DESCRIPTION

 PROMOTION & TRANSFER POLICY

 PERFORMANCE APPRAISAL

 WAGES & SALARY

 EMPLOYEES SERVICES

 EMPLOYEES GRIEVANCES

 TRADE UNION

 PERSONAL RECORDS

 TIME KEEPING SYSTEM

 IDENTIFICTION OF THE TRAINING NEED

 STUDY OF E.S.I. SCHEME

 RECORDS OF TRAINING,EDUCATION AND EXPERIENCE

 ENVIRONMENT, HEALTH & SAFETY

MEDINEX

INTRODUCTION

HUMAN RESOURCE MANAGEMENT is concerned with The people

who work in the organization to achieve the objectives of the organization. it
concerns with acquisition of appropriate human resource, developing their skills and
competent, motivating them for best commitment to the organization to achieve
organizations objectives. This applies to all type of organization e.g. industry
business, government, education.

Personnel department is the heart of any type of organization. For all

kind of an organization, sufficient manpower is required which is being taken care
of by personnel department, planning, controlling, organizing, co- ordination,
production, marketing etc. which are carried out in an organization is laying with
personnel department.

MEDINEX LABORATERIES PVT LTD is having best personnel

department. Its employee’s welfare activities are very much remarkable. They are
giving many facilities to their staff members and workers and also treating them as
“family members.”
MEDINEX

Qualification/ Education and

Experience of the personnel

Minimum qualification/ education and experience of the personnel whose job

affects quality have been determined and approved by the competent authorities.
Any amendment in the approved qualification an experience of the personnel is
done by following procedure on control of documents

ROLE OF A PERSONNEL MANAGER

Anywhere personnel or H.R. manager role is very

important. He has to assess the organizational goal and personal development of
the Human Resource.

Best and important role is performed by the personnel

Manager in Medinex Laboratories Pvt Ltd. In this organization personnel and
general administration is managed by Mr. NANDISEN SHAH.

“AN ORGANITATION WITHOUT SOME STRUCTURE WOULD BE

COMPARED TO AN AIRPORT WITHOUT GROUND.”

The manager has to be better at handling men. He must

understands and reach the employees motivation, unless the workers co-operates.
MEDINEX

The manager deals with the various laws such as factory act, employees’
state insurance act and the workmen compensation act.P.F. Act, labors law, I.R.
and I.D. ACT, social responsibilities. He also is looking workers day to day
activities as well as unions’ activities…

OBJECTIVE OF PERSONNEL MANAGER

 To determine the necessary competence of the personnel

 To plan and provide training to enhance awareness and competence
 To evaluate the effectiveness of the training provided
 To make the personnel / employees competent on the basis of education,
 training, skills & experience.
 To maintain the records of education, training, skills and experience.
 To help the organization reach its goal
 To develop & maintain the quality of work life.
 To communicate H.R. policy to all employs
 To improve the organization with well train and motivated employ
MEDINEX

RECRUITMENT, SELECTION

• RECRUITMENT

According to WERTHER AND DAVIS, “Recruitment is the process of

finding and attracting capable applicants for employment. The process begins when
new recruits are sought and end when their applications are submitted. The result is
a pool of applicants from which new employees are selected.”

Recruitment means searching prospective workers and stimulating to

apply for the job in the organization. Its purpose is to increase the number of
application for the vacancy, recruitment process starts when any vacancy exists due
to registration, death, etc. of employ.

It is the basis of success. So it becomes very important to search the

right people for the right place. Recruitment leads to greater productivity, high
morale and better reputation of concern.

Medinex laboratories pvt ltd has 2 type pf recruitments:

1) Internal
2) External
MEDINEX
The company is doing of following 2 channels.
1. Advertisement in newspaper.
2. Direct Recruitment on the basis of application.

For external recruitment process is as follows:-

After deciding the quality and quantity of personnel, they give the
Advertisement in newspaper with the post. After receiving the biodata the process
starts and the selected persons are called by sending those call letters. After
receiving call letters the employee has to pass through the interview. An interview is
face-to-face, observation and performance appraisal method of evaluating the
application where the interviewer who is a higher in a status in a dominant role.

• SELECTION

“Selection process is about differentiating between applicants in order

to identify those with a greater likely hood of success in a job.”

Selection is the process of choosing the prospective employee out of

the number of applications received against the advertisement which they have
given.

In other words, it is dropping all those candidates which are not

suitable and thus, it is also seen as negative process.

Medinex laboratories pvt ltd takes 2 type of interview for selection.

• Direct planned interview

MEDINEX
In Medinex laboratories, direct planned interview, interviewer and
interviewee meet straight forward, face to face question and answers. Here
candidates have to face question and answers from the personnel manager also. In
interview the interviewer has opportunity of observing the candidates personal
characteristics and knowledge. But they think only disadvantage for this interview is

that candidates have some advance planning for interview. In this only
one person is there for interviewing candidates.

• Written test interview

In Medinex laboratories, written test interview, the company provide

the questioner to the candidates and candidates give the answer that question, after
personal manager of the company check the candidates answer and choose that
candidate, the answer of the question right.

HUMAN RELATION

It is a practice of management to integrate the people in the organization

to work co-operative, cohesively, harmoniously together to achieve the

organization goals with full satisfaction of social and economical needs and also to

development of organization.
MEDINEX
Every fifteen days every department head have meting and while taking

decision they also contact the needs of department and they have facility of

intercom.

The group has manpower strength of over 25 working round the clock

towards one goal produce chemicals par excellence in real team spirit. Highly

talented scientists, innovators, technocrats, professionals and dedicated workman

are the backbone of the Medinex Laboratories success. The management firmly

believes their committed workforce provides the vital power to change and

progress though continual training and effective human resource management…

INDUCTION TRAINING

New personnel are provided induction training. For providing awareness about the
concerned department, an induction training manual has been prepared by the
concerned department.

Induction training manual is updated on a two year period and / or based on the
audit findings which point the gaps in the quality of induction training or as per the
need / directions provided by the competent authorities.
Induction training is coordinated by the HOD-HR and it is provided by the
concerned department for a specified period. Periodicity of induction training
varies designation wise and it is determined by the quality assurance and / or head
of the departments.

Records of induction training are made and training records of the new employees
are made and entries made.
MEDINEX

Induction training manual describes the basic objectives of the organization;

concerned department and its two sections; Products and services processing of
Products and services.
Induction training manual focuses on the quality policy, requirements of quality,
safety, significance of following procedures and applicably rules of that of the
concerned department..

When a candidate is selected from the external sources, he may feel unconscious
because of new environment and new people.

In other words, it is to welcome a newcomer, make him feel like a home and
generate in him a feeling that has own job, however small.

Induction training manual focuses on the quality policy, requirements of quality,

safety, significance of following procedures and applicably rules of that of the
concerned department.
MEDINEX

TRAINING , DEVELOPMENT

 TRAINING

Training is concerned with development of specific skills for a

particular purpose. Training means, “the act of increasing skills of an employee for
doing a particular job.’

As we know training is one of the most important functions of any kind

of organization. So it there will be a training process in each and every organization.
Mainly the training is given to the new employees but some times a firm has to also
give training to the old workers because now a days in the modern era new
equipment are established in quick time and a firm will have to adopt it if they want
to stand in the keen competition and some times old employees are not knows of the
new technology undertaken by the firm.

Generally there are 2 types of training given by a firm to the employees

which are us under

1. OFF THE JOB TRAINING

In this type of training, the trainee will be trained directly but not in the
working hours means after completion of their work they will be trained. This kind of
training is given by conducting lecture or in the seminar. In short training which is not
given in the job time is called off the job training.

2. ON THE JOB TRAINING

In this type of training, the trainee will be trained directly but not in the
MEDINEX

working hour means when they are working they will be trained so when any new
person join the company he will have to stay with other experienced person for few
days or when he was performing his job will be instructed by the other person then it
is known as on the job training.

 DEVELOPMENT

“Development is the continuous process of improving the overall personality of a

person”

Development is the activity associated with the managerial personnel such as

executives. Development is concern with theoretical and conceptual knowledge. The
human resource department gives high attention and development of each and
every employee for the following purpose.

 Increasing morals of employees

 Reduce supervision
 Reducing in learning time
 Increasing efficiency
 Increasing productivity
 Reducing in operational problem.
 Effective utilization of resources
MEDINEX

JOB DESCRIPTION
Job description is the statement containing items such as job title,
location, job summary, duties, tools and equipments, supervision given or
receives, working conditions etc. A specific job description consist of the details
such as job title, department in which he has to work, immediate level
subordinates, objective of the job, principle duties and responsibilities, authority
limits etc.

Job description is the concerned with the obtaining of proper or member

to accomplish organization goals because if the proper person is not selected for
any kind of job then he is not able to perform his job with full assessment so it is
one of the most needed functions in any organization.

Factory manager has control over the other department his direct
assistants are personnel manager, finance manager and marketing manager
through continue consultation with the personnel manager. He formulates
recommends and interprets all manpower marketing policies and managerial
development.
MEDINEX

PROMOTION AND TRANSFER POLICY

 PROMOTION

According to Scott and clothier, “a promotion is the transfer of an

employee to a job which pays more money or one that carries some proffered

status.” Although promotions are made on the basis of ability, hard work, co-

operation, merit, honesty, many informal influences are powerful determinants

of a promotional policy.

Promotion is a movement to a position in which responsibility and

prestige are increased. Promotion is a term which always welcomed by the

employees. Promotion means, an upward movement or advancement of

employee in the organization to another job which commands better

wage/salary, status or prestige, high challenges and opportunities. It is given

to a suitable person who will be benefited to either side I.e. the employee and

the employer.

In Medinex, there are 2 types of method for promotion. They are as follows.

 Seniority merit

In this method the senior as well as employee who is

working efficiently is promoted

 Past performance
MEDINEX
In this method promotion is made on the basis of past

performance

 TRANSFER

Transfer means change in the job or department without changing the

responsibilities. Transfer may be possible in the same department. Transfer is
the movement of an employee from one job or one place to another place
without involving any substantial change in his duties and responsibilities.
Transfer is also a factor through which both organization and employee can
be benefited, sometimes, and get satisfaction.

There are 2 types of transfer in the company

 External
 Internal

Medinex follows internal transfer policy

Internal transfer means other department. If a person working in personnel

department has more knowledge about finance, ha is transferred to finance
department. A person who is interested and company thinks that the person can fit
in marketing department then they will see is vacancy or not.
MEDINEX

PERFORMANCE APPRAISAL

An organization goal can be achieve only when people put in their best
efforts. How to ascertain whether an employee has shown his or her best
performance on a given job? The answer is performance appraisal.

In Medinex laboratories pvt ltd performance appraisal shall be estimated

with the help of question paper given to the employees either at the end of the
training session or at a time considered suitable by the head of the department and/
or faculty.

In the question paper, total marks and desired marks shall be indicated. If
the candidate does not score the desired marks, he shall automatically under go for
retraining. The reasons for his poor score shall be evaluated on an annual basis.

No person shall be sent for re-training more than three times. Reasons for
poor performance shall be explained by the employees on a one to one basis by
the employee to his head of the department.
MEDINEX

WAGES & SALARY

Salary is the main motivator for a worker. So it is very necessary to

continuously administer the salary and motives the workers.

This unit provides salary workers on daily basis. The company also
maintains monthly records. The salary is basically dependent.

 WAGE ADMINISTRATION

Company’s wages include basic salary+ medical+ over time etc. Tax
deduction is applicable to both the workers & staff members. The income tax
deduction is calculated at the end of the year’s means 31st march on the every year.
Wage administration includes basic manpower’s wage. Clerk of human
resource department prepares wage sheets. Payment is done on the basis of time
keeping records. Payment is done on the full day work and wages for late coming
period is deducted. Wages are counted on daily basis and it is and it is paid monthly.
Workers can convert his salary in cash also.

 SALARY ADMINISTRTION
MEDINEX

The date of salary payment is last day of the month. Salary is paid only for
full day work. Salary sheets are prepared in accounts office. Salaries are paid to the
administration, technical and electrical personnel.

EMPLOYEES SERVICES

Employee’s welfare activities are the voluntary efforts by the employer to

provide the best employment in their own industries.

There are 2 types of welfare activities.

 Statuary
 Unstatuary

Statuary means a firms provides facilities given by the government

which are compulsory to given, and facilities which are not compulsory their
employees.

 MEDICAL:

The company provides the medical convenience allowance.

 UNIFORM:

The company provides uniform to all the workers.

 BONUS:

The company provides bonus to employees on DIWALI festival.

Company also provides to workers lunch room for their lunch and also
provides tea or coffee workers for free of charge.
MEDINEX

EMPLOYEES GRIEVANCES

Grievances mean any discounting arising out of anything connected with

the company that an employee feels unjust. This discontent may be lead to any
dispute among the management and the employees.

Management does conduct domestic injury but it is biased grievances. In

this company accident rate is very little and in case of accident injury is also minor.
This company does not have to face any injury and this company also celebrates
many years as a zero accident year. Safety system is also good. In this factory
premises you can see slogan on hoardings and cartoons.
MEDINEX

TRADE UNION

Trade union is the voluntary association of employees including clerical,

technical and professional staff. Trade union seeks to protect and promote common
interest of their member through collective actions. Under the trade union act 1926,
a trade union is any contribution whether temporary or permanent for employer of
regarding the relation between workmen and employees.

If there is any nominal problem then it is solved by secretary and any

problem regarding bonus, working conditions arises then it is solved by negotiation
and there by is established good relationship between management and employees.
There is a trade union in this organization. In case they have problem regarding
payment of transfer they report to union and solve the problem.

But the entire unit is like a family and workers going on in pleasant manners. There
are no conflicts between management and employees and all can work with their full
co-ordination and with help of 100% co-ordination. The organization can achieve its
predetermined goals.
MEDINEX
PERSONAL RECORDS

All the records of the employees are available in a systematic order by

personal manager and his assistants.

Those records include all information such as name & add, date of birth,
Education and qualification, knowledge of performance, his work, attendance,
behavior and even if he taken loan or advance from the company also recorded.

There is separate file for each employee in Medinex laboratories pvt ltd for
personnel records of each worker working on organization. With the help of
personal record we have to all needed information about employees.
MEDINEX

TIME KEEPING SYSTEM

In any organization, time is most important part and valuable element.

Different industrial units adopt different system for the time schedule of the
employees.
Medinex laboratories has more concerned about the time keeping system.
In this company the employees entered in the company they write their own
attendance.
The company is very particular about the time-keeping system. Thus, the time
keeping is an instrument with which management is able to exercise control over
the employees. The company has adopted a very good dual time keeping system.

The working time of company is as follow

WORKING TIME

9 a.m. TO 1 p.m.
1:30 p.m. TO 5:30 p.m.
MEDINEX

STUDY OF E.S.I. SCHEME

 E.S.I. SCHEME

The full form of is EMPLOYEES STATE INSURANCE. This scheme is

totally for the benefit of the employing under ‘workman compensation act 1948’
under this scheme employer has to contribute and the government is managing this
fund.

 CONTRIBUTION OF E.S.I. SCHEME

Those employees, whose remuneration is less than Rs. = 10,000 is

covered under the E.S.I. scheme. The benefits are being provided to the employees
by this scheme.

 Medical benefit for employee and their family members if they are not
self-dependent.

 In case of employee’s sickness 75% salary will be provided by the

company.
MEDINEX
 In case of employee’s death, his family members are given
compensation and thereafter pension.

TRAINING MATERIALS & FACULTY

For each training subject, first the training material shall be prepared by the
proposed faculty and this shall be checked by the next higher level officer and
when approved, one copy of such training material shall be submitted to the
human resources department as a record.

Faculty shall introduce themselves; the subject and the method of training in the
user friendly terms and definitions. The method of training shall be very simple and
clear.

During the training session, periodic checking shall be done with the participants
whether they are in a position to understand the topic being taught to them.

Providing training

Training shall be provided to the approved identified personnel.

Training shall be done with the help of training materials which may include the
written / printed matter/ photograph or any other illustration or the practical
demonstration at the work station.
Writing board/ transparencies/ projector / computers may be used for providing
training.
Silence shall be maintained.
MEDINEX
Any person not responding to the training or is a source of embarrassment to the
faculty, such person shall be requested to take interest in the training. When again
not responding to such request, faculty is authorized to remove them from the
training class and report for such negligence to the higher authorities in writing.

If the faculty is not good, one of the participants shall request the head of the
department or HOD-HR for the termination of such training. HOD/HOD-HR shall sit
in the training; and when the observations of the employees are found valid,
training programmed shall be terminated. A training programmed should result in
enhancing the level of quality and commitment in the employees for skill/ products
and services quality/ customer satisfaction/ regulatory compliance/ cost control

Feed backs on the training

At the end of the training/ practical classes, a feedback shall be taken from the
employees.
Employee shall provide their comments on the contents of the programmed and
how this could be further improved for future participants.
The comments of the employees shall be reviewed and suitably included in the
training material or training methods.

Determination of the competence of the personnel

Competence shall be determined with the help of practical training.

When a person can do the required quality of job without any supervision, he shall
be considered competent.
Competence shall be established by scoring minimum marks in theory and
minimum marks allotted for practical.
Records of competence shall be made in the employee training records.
MEDINEX

RECORDS OF TRAINING, EDUCATION

AND EXPERIENCE

For training to be provided by the external faculty, HOD-HR is responsible for

making training attendance sheet and update of the training records.
For departmental training and competence development, the employee training
records and training attendance sheet shall be updated by the employees/ head of
the departments. Such training shall be submitted on an annual basis to the HOD-
HR. HOD-HR shall release a circular for submission of year’s training/
competence records of the all the employees whose training needs have been
identified and provided.
For every New Year, fresh sheet of training attendance sheet and employee
training records shall be released by the HOD-HR to the concerned departments.
Concerned departments can take at any time the extra blank forms relating training
from the HOD-HR.
Training records shall be legible and easy to read, duly signed and dated. Training
subject shall be clearly written.
Training records shall be maintained till the employee is in the services of the
concerned department, when the person of the concerned department is sent on
transfer of assignment to other departments of the Corporation, he shall be
provided, on putting a request in writing by him, a copy of the training records
showing his details of training and competence.
MEDINEX

ENVIRONMENT, HEALTH & SAFETY

It is the most commitment of the medinex laboratories management team to

protect environment and health of employees & society through preventive
measures to establish best EHS performance record.

Medinex laboratory is equipped the following facilities, to achieve its

objectives :-
 Company has well laid EHS policy, headed by manager. Safety committee is
constituted to review safety and environment related issues periodically.

 Training and awareness program is conducted, to update safety knowledge

and standards.

 Regular monitoring of safety and environment standards.

 Adequate equipment for personal safety and fire fighting provided.

 Continual technical innovation and technology update to reduce the

generation of pollutants.

 Composite effluent treatment facility & recycling of treated stream.

MEDINEX
 Health monitoring of employees through qualified medical professionals.

In order to further improve EHS standard, the management of medinex is

developing operating standard as per ISO 14001:1996 Environment
Management System. EHS programmers are planned, monitored and received
and reviewed at periodic intervals by the appropriate management committees.

MARKETING
MANAGEMENT
MEDINEX

MARKETING MANAGEMENT

 INTRODUCTION

 MARKETING DEPARTEMENT

 MARKET SEGMENTATION

 CUSTOMERS
MEDINEX
 MARKETING RESEARCH

 QUALITY CONTROL DEPARTEMENT

 RESEARCH & DEVELOPMENT

 SAMPLING

 ADVERTISING

 CHANNEL OF DISTRIBURION

 PROCEDURES FOR MARKETINIG

 ORDER ACCEPTANCE AND PROGRESSION

 CUSTOMER COMPLAINTS

INTRODUCTION

According to Philip kotlar “marketing management” is the process of involving the

analysis implementation and control of programmes` designed to create exchange
for the purpose of achieving organization activities.
MEDINEX
Marketing is everywhere. Formally or informally, people and organization
engage in a vast number of activities that could be called MARKETING. Good
marketing has become an increasingly vital ingredient for business success. And
marketing profoundly affects our day to day lives.

Marketing practices are continually being refined and reformed in virtually all
industries to increase the chance of success.
Medinex laboratories pvt ltd has two main activities namely, specially
Chemicals and Pharma materials, it is their mission to supply high quality products
to their customers. They have been continuously improving their core technology,
quality standards and flexibility to meet their customer’s need. The results of these
efforts are the high reputation and trust credited to them.

The company does not require marketing because of monopoly products.

There are not any monopolies other unit which produces all the products. The
company enjoys the monopoly for its products in Indian market.

Medinex laboratory has also contract random planning. Here the

customers give order and according to that order they produce the products. The
company delivers goods after certain period and satisfies the requirements of the
customers.

MARKETING DEPARTMENT

Marketing is really very important for each and every organization without
marketing, you can not popularize your products in the market, you cannot reach
MEDINEX
at the heart of the customers and you cannot create high image. You cannot earn
high prestige and status.

All these will happen, when the marketing department of any organization will
really play very active role. In the organization marketing really plays vital role.

The marketing department collects all these information’s of feedback from the
customers and so on. Customer’s service is also one of the functions of marketing
department through providing and implementing good suggestions there
department.

The main function of the marketing department in the organization is to see what
should be the marketing strategy and what the current situation.

MARKET SEGMANTATION
MEDINEX
Market consists of buyers and buyers differ in one or more ways. They may differ in
their wants in resources, location, buying attitudes and buying practice.

Market segmentation means dividing a market into distinct group of buyers with
different needs, characteristics or behavior, who might require separate products or
marketing mix. Through market segmentation company divide large, heterogonous
market, into smaller segments that can be reached more efficiently with products
and services that match with unique needs,

Medinex laboratory has two different products at the same place at Bhavnagar. So
the production making is only this place. The units cover many areas of India. It sells
50% of their production to overseas market and 44% to domestic market.

But company has two types of segments of markets. One is domestic market. In this
segment the Indian market are covered while another market is called overseas
market. In this market segmentation of different country are covered where the
company is dealings. Under this segment the countries are covered like U.S, U.K,
Japan, etc.

CUSTOMERS
MEDINEX

There are many customers of medinex laboratories. Medinex laboratories have

also export the medicine in foreign country. Their medicine is most purchase the
company their name are us under:

 CUSTOMER

 Cipla
 Ranbaxy
 Cadila

Customer Feedback

Following Parameter is consider by Managing Director for Customer Feedback

 Quality
 Quantity
 Packing
 Dispatch Documents
 Communication
 After Sales Services

Managing Director through Mail takes customer Feedback, Personal Visit,

Telephone, and also frequency of repeat order & maintain Customer Review
Register.
MEDINEX
MARKETING RESEARCH

Meaning :
Marketing research is the systematic, objective and exhaustive search for and
study of the facts relevant to any problem in the field of marketing.

It is the application of scientific method to the solution of marketing problems.

According to marketing association “marketing research is the systematic

gathering, recording and analyzing of data about problems relating to the
marketing of goods and services.

Purpose :

Our purpose of research is to gather facts about markets and the forces operating
therein, like competitors and governments. So as to enhance the competitive
strength of the company in the market place. The various areas of market research
broadly include.

 Determining the size of both current and potential market.

 Assessing the market trends.
 Ascertaining the strength and weaknesses of competitor’s marketing
strategies.

Marketing research is the most essential part for development of any

industry. It is the systematic gathering and analysis of data about problems
connected with industry. Marketing research as the systematic design collection
MEDINEX
analysis and reporting of data relevant to specific marketing situation facing an
organization.

Medinex laboratory has a marketing research because the company

main purpose of research is to gather facts about markets and the forces operating
there in, like competitors and governments. So as to enhance the competitive
strength of the company in the market place. The various areas of market research
broadly include.

 Determining the size of both current and potential market.

 Assessing the market trends.

 Ascertaining the strength and weaknesses of competitor’s marketing

strategies.
MEDINEX

QUALITY CONTROL DEPARTEMENT

Quality control laboratory is equipped with modern highly sophisticated

test equipments and carries out the analytical tests as per international standards
for the item to be tested.

Our quality control facilities are fully adequate to test each of our
products both for purity as well as impurity profile. Each of our raw materials is
tested before approving it for use in production, and each of our finish products are
tested to ensure that product meets standardized specification designed by us and
approved by our customers. Every consignment, we send to the end user is

accompanied by our Certificate of Analysis which establish our confidence in our

product and Quality Assurance we provide to the end users. We have firm
commitment to provide best customers services to our valued clients, with world
class product quality and timely delivery.

Quality Assurance is an independent department engaged in ensuing

the compliance of work operation as per the set quality standards. Quality
assurance interacts with the customers in case of non-compliances as per the
standard customer complaints handling procedure.
MEDINEX

RESEARCH & DEVELOPMENT

Medinex laboratories pvt Ltd is a Research & Development oriented company. All
the products that are presently manufactured and marketed are developed in-
house and successfully commercialized in the chemical market.

Medinex laboratories devote its R&D resources for establishing new technologies
to put up new markets as per the client’s requirements. Search for the
development of new molecules and finding their applications continue.

Design and development programmed of R&D Dept. are always planned,

reviewed and validated as per the ISO 9001:2000 Quality Management System
requirements. A highly motivated team of Research professionals is engaged
round the clock in the product and process development, trouble shooting, quality
improvement programmed and improvements in the existing process technologies.
A Technical Committee, comprising of experienced organic chemists, chemical

Engineers and Analytical Scientists, approves the R&D findings periodically and
ensures proper implementation of the organizational needs.

R&D operations include the research for the new molecules, identification of the
right route of synthesis, optimization of the control parameters, the tailoring of the
specifications, the scaling up of the processes developed and validation of the
entire system.
MEDINEX
R&D Dept. has excellent access to technical reports and reviews published in
national and international journals of repute, least scientific journals and the
computer database.

SAMPLING

Quality control lab adopts various methods of sampling. There are some
methods, belong to sampling, given below:

 If there are N numbers of bags of bottles, then N+1 sample are take as
minimum one sample from each other.

 From given container, lab acquires the sample on a random basis.

Sampling should be. . .

• IN low bulk

• According to customers expectations

• In easy packing

• Should be durable, safety packed

MEDINEX

ADVERTISING

The most important function in marketing is advertising. Advertisement

means to put something towards the society people and have to inform them
above the products. The producer also can display a message towards the people
or customers. We can say that advertisement is the broad subject of marketing.
Advertising is any paid form of non-personal presentation and promotion of ideas,
services or goods by identified sponsor.

Medinex laboratories does not advertising at all in India. Because it’s not
producing the consumer goods but in case of overseas market Medinex advertises
about its product in magazines. It has limited number of customers who are suing
its product as a raw material. And the company has monopoly product, so the
company does not require the advertising for its products…

 Communication :

 Internal- phone, letters, application

 External- phone, fax & E-mail, letters

MEDINEX

CHANNEL OF DISTRIBUTION
Most producers use intermediates to bring their products into the market.
They try to forge a distribution channel a set of independent organization involved
and the process of making a product or service available for use or consumption
by the consumer or business user. So far the company is concern: it has two
different channels as follows;

 Producer -> Sales agent -> Industrial distribution-> Industrial customers

The producer has the sales persons to sell the products of the company to
customers and the customers also can not direct deal with the company. Medinex
has another type of segmentation is overseas markets. In which the company sends
the output by selected agents through the exporting center--- BOMBAY
 Producer-> Industrial customers
That means the producer directly receives the order from the customers and
producer send goods according to their orders. This channel is only for the domestic
market segment. The company has the monopoly market in India, so all the
customers have to get from the company.

Direct marketing

• Producer - consumer
• Producer - retailer - consumer
MEDINEX
• Producer - wholesalers - retailer - consumers
• Producer - wholesalers - agent - retailer - consumers
• Producer - industrial consumers
• Producer - sales agent - industrial distribution
• Industrial customer

PROCEDURES FOR MARKETING

Enquiry Handling

Marketing Executive keep on exploring new markets and manage to keep in touch
with existing Clients for marketing relevant issues.

Enquires are received by means of verbal, written or by personal visit through E-

mail/ Courier / Fax.

The enquiry is received, reviewed, and recorded in the enquiry register.

Marketing Executive carries out an informal review of the enquiry before offering a
proposal to the client. The review takes into consideration the

 Existing production load

 Probability of the order

 Market scenario and other relevant inputs

MEDINEX

ORDER ACCEPTANCE AND

PROGRESSION

The orders are received, reviewed, and recorded in the Work Order.

In case of any clarifications required necessary communication is done with the

Customers and all such conclusions are recorded in Work Order.

In case of new product Marketing Executive in consultation with Managing Director

& Production Manager evaluate resource requirement basis on ability to
manufacture pertinent product on trial, joint decision is taken & communicated to
the customer against receipt of the final order an acknowledgement is sent to the
customer if contractually agreed mutually.

Marketing Executive accepts the orders and a copy of the Work Order are sent to
the production department for further processing of the order.

Order Amendment
MEDINEX
For all amendments in the order received after accepting the orders Marketing
Executive carries out necessary communication with the customer and
understands the required amendment.

He discusses the desired amendments with production team to decide whether to

accept the amendment or not if required consult Managing Director for final
decision.

Final decision is convey to the Customer by SM. And all accepted amendment are
communicated to the Production Manager by Verbal / Written and recorded in
Amendments.

CUSTOMER COMPLAINTS

Whenever any customer complaint is received, then it is reviewed & discussed

with concerned personnel and necessary corrective / preventive action is taken by
SM.

Records of customer complaints are maintain in the Customer Complaints Register

 Customer Feedback

Following Parameter is consider by Managing Director for Customer Feedback

 Quality
 Quantity
 Packing
 Dispatch Documents
 Communication
MEDINEX
 After Sales Services

Managing Director through Mail takes customer Feedback, Personal Visit,

Telephone, and also frequency of repeat order & maintain Customer Review
Register.

FINANCIAL
MANAGEMENT
MEDINEX

FINANCIAL MANAGEMENT

 INTRODUCTION

 FINANCIAL PLANNING

 ORGANIZATION OF ACCOUNTING AND FINANCE DEPARTMENT

 CAPITALIZATION
MEDINEX
 MANAGEMENT OF WORKING CAPITAL

 RATIO ANALYSIS

 LEVERAGE

 BUDGETING

 INVENTORIES

 CONCLUSION

INTRODUCTION
Finance is the blood, brain and soul of any business organization. Now a day’s
finance has serviced as the backbone for any economy.
MEDINEX
In modern money using economy finance may be defined as provision of money,
at the time is required. The first aspect to be attended to is the estimation of how
much money business organization requires and for what purpose. In the second
place it is to be seen how much the amount estimated for meeting the business
requirement should be raised.

Finance is concerned with the planning rising, controlling and administrating the
fund in a firm; the decision regarding finance must be properly by a firm

Organization of accounts and finance department.

The word “FINANACE” is really a very energetic word. Finance is lubricant oi and
without this fuel, organization cannot move further. Finance is an essential of an
organization. This is the only department of function, which identifies income of the
organization. In organization also this department plays a very vital role.

FINANCIAL PLANNING
Growth in sales is an important objective of most firms. An increase in a firm’s
market share will lead to higher growth. The firm would need assets to sustain the
higher growth in sales. It may have to invest in additional plant and machinery to
MEDINEX
increase its production capacity. The firm would have to acquire raw material and
convert them into finished product after incurring manufacturing expenses when
the firm grows at a high rate internal funds may be require. The process of
estimating the funds requirements of a firm and determining the source of funds is
called financial planning.

Financial planning for Medinex based on balance sheet as on 31st march 2008.
Financial planning is the pre-requisite for the smooth financial
management and for the purpose of growth and expansion of business activities.
The basic objective if financial planning is to raise the necessary funds.
Financial planning means deciding in advance the various financial
activities to be performed to achieve the basic objectives of the firm at maximum
return with minimum effort.

There are two types of financial planning:

 Long term financial planning.

 Short term financial planning.

The long term planning is used when any expansion / modernization

activities of the business for development of the product of new product, purchase of
any fixed assets etc.
Short term planning is used to the smooth functioning of day-to-day
business and also for the payment of miscellaneous expenses.

In Medinex laboratories every division makes it budgetary plans according

to their requirement. Company decides how much time should be allowed to
customer for credit and if company needs money quickly then asks their customers
to pay as early as possible. Financial planning of an enterprise should be prepared
with due care.
MEDINEX

Planning for manpower :-

Company collects finance from the financial institutions, bank. Company
not only prepares projected cash inflow and outflow statement but also prepares
expected future project and consumption of raw material. This can help company to
achieve targets.

ORGANIZATION OF ACCOUNTING AND

FINANCE DEPARTMENT
MEDINEX
There is an inseparable relationship between finance on the one hand and
production, marketing and other functions on the other. In this organization finance
department includes payment of wages and salaries and other benefits, buying
raw material, packaging material, new machineries etc.

Financial management is to an extent, an integral part of the job for the managers
involved in planning allocation of resources and control. The production manager
shapes the investment policy, the marketing manager provides input in forecasting
and planning, the purchase manager influences the level of investment in
inventories and the sales manager has say in the determination of receivable
policy. In the company financial management is highly specialized in nature and is
handled by specialist.

In Medinex financial management functions lies with the top management, i.e.
Board of Directors/Managing Directors/Chief executive or committee of board. In
Medinex finance department area headed by managers.

CAPITALIZATION
MEDINEX
Capitalization means capital structure of company as compared to the
capital requirement of the firm. It shows that amount of capital required by an entity
as the investment in the company.

Capitalization is linked with investment in the term of capital as

compared to rates of enterprise more the turn over more is the requirement of
capital vice a versa.

Capitalization = share capital + reserve and surplus + debenture + long

term loan

There are three type of capitalization

 Over capitalization
 Under capitalization
 Optimum capitalization

The Medinex laboratories pvt ltd of company had opticapitalization

when the company was pvt. Ltd. So company’s capital is very high and now a
day’s company capital is increased. So company facing under capitalization.

Under capitalization means capital of the company is less than in

proportion to its total requirement. So the company provides facility of credit period
of maximum is provided to customers.
MEDINEX
MANAGEMENT OF WORKING
CAPITAL

Short term requirement of capital is known as working capital. Broadly speaking

working capital is used in two sources;

 Gross capital
 Net working capital

Gross working refers to the firm’s investments in total current assets.

Gross working capital means the difference between current assets and
current liabilities of the portion of current assets, which is financed with long terms
funds, but for Medinex for it means the current assets, which can be converted in
cash in short term.

The account starts when any purchase process of sales process is over because
after that the entry should be made. It is historical function. For any transaction first
voucher is made in journal or ledger.
MEDINEX

RATIO ANALYSIS
 Profitability Ratio:

 Gross Profit Ratio = ( G.P./ Sales ) x 100

IF this ratio is low, it indicates that the cost of sales is high or the purchasing is
inefficient.

 Net Profit Ratio = ( N.P. / Sales ) x 100

The net profit is unsatisfactory when gross profit rate is taken

into account. This evidently indicates that administrative and selling expenses
are high.
Stock ratio = (stock in trade/ turn over) x 100

 Liquidity Ratio:
MEDINEX
Curent Ratio = (Curent Assets / Curent Liabilities)

Liquid Ratio = (Liquid Assets / Liquid Liabilities)

= C.A. – Stock / C.L. – B.O.D.

This ratio represents a very comfortable liquid position. The working capital is
much more than the present requirement. This should be utilized to make prompt
payment to creditors and benefits of lower prices and cash discounts should be
obtained.

LEVERAGE ANALAYSIS
Leverage simply means risk in technical firm. Leverage is used to describe
firm’s ability to use fixed cost assets and to magnify return to its owner. Higher the
leverage higher the expected return. Here risk may be defined as the degree of
firm’s ability to cover its fixed payment obligation.

There are three types of leverage:

1) Operative leverage,
2) financial leverage,
3) Combined leverage.

 Operative leverage:-
Operative leverage is defined as the ability to
used fixed operating cost magnifies the effect of change in sales on its operating
profit. It can be calculated with the help formula as mentioned here:-
MEDINEX
►Operative leverage = Contribution
E.B.I.T

Where,
Contribution = Sales- variable cost,

E.B.I.T = Contribution- fixed cost.

Degree of operating leverage= % Change in E.B.I.T

% Change in sales.

Where,
Change in E.B.I.T = Increase in E.B.I.T
E.B.I.T

Change in sales = Increase in sales

Sales

 Financial leverage:-

Financial leverage can be defined as the firms ability

to use fixed financial change to magnify the effect of change in E.B.I.T on the firm’s
E.P.S. i.e. E.B.T. It can be calculated with the help of formula as mentioned here
number:

► Financial leverage = E.B.I.T

E.B.T
MEDINEX
Where, E.B.T. (earning before the tax) = E.B.I.T - INTREST

Degree of financial leverage = Change in E.P.S.

Change in E.B.I.T

Where, Change in E.P.S = Increase E.P.S.

E.P.S.

Change in E.B.I.T = Increase in E.B.I.T

E.B.I.T

Based on the above two leverage, one leverage is also recommended via,
combined leverage

 Combined leverage:-

Combined leverage is nothing but the

multiplication of above two leverage. It can be calculated with the help of formula as
mentioned here:

►Combined leverage = contribution

E.B.T.

OR
MEDINEX
► Combined leverage = Operating leverage *Financial leverage

BUDGETING

Budgeting, means planning for capital. It is related to the allocation of

capital. The capital budgeting decision means a decision as to whether or not money
should be invested in a long term projects. In any business, the commitment of funds
in a land, building, equipments, debtors and other types of assets must be
judiciously met.

Medinex laboratories pvt ltd is budgeting every month because the turn of
Medinex is more.
MEDINEX

INVENTORIES

Inventories mean stock. The term inventory refers to the stock of the
product of the firm is offering for the sale. The company keeps some goods in the
stock for emergency demand. The stock also have some value, means interest
because the cash is now diverted to stock. If the inventory period is long there is
interest loss and company has to suffer.

The assets that firm keeps or stores as inventory are………

 Raw material

 Work in progress
MEDINEX

 Finished goods.

The objective of inventory management consists of two counter balancing

parts;

 To minimize investments in inventory

 To meet the demand of the product by efficiently organizing the production

and sales operation.

The inventory period of the Medinex Laboratories Pvt Ltd is 10 days

to 15 days, which is quite enough. So company does not have to suffer a loss of
interest…….

CONCLUSION

From Medinex Labolateries Pvt Limited Company,I have concluded that it is a

marvelous company not only in the production of the goods but also in management,
in finance, marketing and human reasources.

Medinex Ltd. Company is very large scale company and I have gathered all
important topics which gives me good knowledge about the company ‘s finance
departments.
MEDINEX
The entire staffs members have help me during my training, my training in this
company and they gave me full support in completing this report of company.

I hope that the company raises its profit and good reputation to our country.

BIBLIOGRAPHY

1. Marketing Management, “Philip Kotler”, “Abraham Koshy” and “Mitleshwar Jha”

Twelfth Edition – A South Asian perspective.

2. Managerial Economics Prof. P.L.Mehta

3. Financial Management Prof. S.P.Shah, Prof. J.M.Shah, Chandra p., Dr. Paresh
P.Shah, Dr P.K.Priyam.

4. Personnel Management C.B.Memoria, Sv.Gankar