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Industry profile:
The pharmaceutical industry was buffeted by significant scientific, medical,
political, and market forces between 1960 and 1980. Approaches to drug
discovery and early-stage testing changed as medical advances made it
possible to identify compounds that block specific physiological processes
Pharmaceutical manufacturers have long operated on the boundary between, on
the one hand, acting as free-market inventors and sellers of drugs, and on the
other, serving the public interest by providing an essential health service.
Thanks to this unique market position, the industry has played a leading role in
globalization, developed innovative scientific advances in a wide range of
medical fields, and pioneered academic-industrial research collaborations.
Since 2001 the pharmaceuticals has grown rapidly into a $600million company
which employs almost 2,000 people offering a full range of pharmaceutical
services to Pharma, biotech and virtual organizations. They work in the fields of
drug discovery, research and development, patient diagnostics, clinical trials for
new drugs, formulation and packaging of drugs and the commercialization of
pharmaceutical product. These services have grown to the point where we now
offer an unparalleled range of pharmaceutical services on a global scale."
The Indian Pharmaceutical industry, valued at $46.2 billion has been witnessing
Attractive growth rate of 15% to 20% consistently over the past decade.
(Strategist
Quarterly 1998). This growth was build by India's large population, increasing
allocation of income to healthcare spending and exports. Exports which
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currently accounts for 20% of the production value has grown by a compound
annual growth rate of 34% in the past few years due to competitive price
advantages from India's low labor and other input cost
The Indian market for pharmaceutical products stands at an enormous $58.8
billion. The big 10 companies account for over 30% of that, take away 45
marketer and average sales don't even come any where near the $2.5 million
marks, that's how fragmented its is some 50,000 brands from over 20,000
companies growing fast enough to embraces rainy day
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Company profile
a) Brief information of the firm:
Name of the Firm: Elegant Drugs Pvt Ltd.
Established: 1992
Founder: Gautam Ostwal (C.E.O)
Type of Industry: S.S.I
Phone no: 0836-2252007, 235060
Source of Finance: Punjab National Bank
Products: Pharmaceuticals and Formulation
Address: R.S. NO. 59/3A,
Chalmatti - 581 204.
Dist: Dharwad
State: Karnataka
Office: Elegant Drugs Pvt Ltd
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New Cotton Market
Hubli.
Company Background:
Elegant Drugs Pvt Ltd was started in the year 1992 the company since have
developed more than 200 pharmaceutical formulations in form of tablets,
capsules, oral liquids and dry syrups.
As per revised Schedule M the manufacturing premises has been renovated and
constructed in month December 2005 and completed in first week of February
2006. Dedicated manufacturing sections for Beta-lactum group of products
have been developed and all the facilities are provided as per norms of revised
Schedule M.
The manufacturing facility of General sections i.e., Tablets, Capsules, and
Liquid Orals and the manufacturing facility for Beta-lactum group of products
i.e. For Tablets, Capsules, and Dry Syrups are segregated and developed as per
revised norms of Schedule M.
The firm has a plot area approx, up to 89,418.73 sq ft. out of which approx
8,000.00 sq ft. is built up area & about 81,418.73 sq ft is left as surrounding
area, for road and garden and equipped with technically sophisticated facilities
as per WHO norms to manufacture complete range of Pharmaceutical
formulations of Tablets, Capsules, Liquids, Orals both in General & Beta-lactum
Departments
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Elegant Drugs Pvt. Ltd. managed with efficient and experienced man power with
installed manufacturing capacity of:
17.28 Crores of Tablets
8.64 Crores of Capsules
34.56 Lakhs Liters of Liquids
14 Lakhs Bottles of Orals
Nature of business:
Elegant enjoys the reputation of being the registered Supplier of Drugs &
Medicines to most of the renowned Central, State and Semi-Government
Institutions and Hospitals of our country.
Elegant lays great emphasis on timely delivery of drugs within given time
frames. Safeguarding the competitive interests of customers with the highest
professional integrity has built up a partnership of trust to satisfy the needs of
customers, they are working to enhance and strengthen the research
capabilities as well as to expand their manufacturing facilities.
Vision:
The company has an aim to reach the optimum level in the field of
manufacturing and marketing quality pharmaceutical formulations. The
management endeavors in future to expand to global markets.
Quality policy:
We at Elegant Drugs Pvt Ltd aim to provide satisfaction our customers in
domestic and export market, by fully meeting their requirements in terms of
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quality, cost and delivery. We will create a company, committed to quality by
bringing about involvement of all employees at all levels, for continual
improvement in quality.
Single unique product:
Product refers to unique product like single cartoon of Brand-X medicine. Eg:
the paracetmol tablet manufactured by elegant as Brand name ELEMOL base
this brand is registered with elegant. So nobody else in India can manufacture
this product.
Batch Numbers:
For each and every production manufacturing pharmaceuticals production
batch no is assigned by production department. It will be in serial no and
assigned as per SOP. As each and every batch is analyzed by quality control
department .The control number or analytical number will be issued by quality
department along with certificate of analysis and release order
Size and color:
Color of tablet will be as per the product approvals or permission received from
drugs control department.
Size: If tablet in house specification Eg: 8mm diameter tablet, 10mm diameter
tablet, 12.5mm diameter tablet, elongated tablet etc.
Size and colour of capsule is choice of manufacturer Eg: 00size of capsule, Size
and colour of capsule is choice of manufacturer Eg: 00size of capsule, Zero
capsule, size 1, 2, 3 etc
Brand Name:
A Brand is the name, term, symbol, sign, design, or a combination of them,
intended to
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Identify the good or services of one seller or group of seller and to differentiate
them
from those of competitors.
Generic:
Generic products are the products manufactured on the generic name. Generic
name is the chemical of the materials
Types of products manufactured by the company
1. Antibiotics
2. Antidiarrhoels
3. Antibacterial
4. Antiemetic
5. Analgesics
6. Antiulcer
7. Sedative
8. Anti Inflammatory
9. Antidiabetic
10. Vitamin
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List of domestic and exports products:
Tablets Capsules Syrups/Dry Syrups
1 Acarbose Tablets 50 mg 1 Celecoxib Capsules 100 1 Albendazole
2 Acarbose Tablets 100 mg mg Suspension
3 Atorvastatin Tablets 10 mg 2 Celecoxib Capsules 200 2 Salbutamol &
4 Albendazole Tablets 400 mg Bromhexine Syrup
mg 3 Ampicillin & Cloxacillin 3 Cefixime for Oral
5 Riboflavine Tablets 5 mg Capsules Suspension
6 Salbutamol & Bromhexine 4 Tramadol 4 Anticold Suspension
Tablets HydrochlorideCapsules 5 Trimethoprim &
7 B complex with Vit C Tablets 100 mg Sulphamethoxazole
8 Ambroxol Hydrochloride 5 Tramadol Hydrochloride Suspension
Tablets Capsules 150 mg 6 Cough Syrup
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Tablets
Fast moving products:
Tablet:
CONSOLE-ED-2.5 ECOLD
Each uncoated tablet contains
Amoldipine Besylate BP Each uncoated tablet contains
Equivalent to Amoldipine 5mg Chlorpheniramine Maleate I.P 4mg
Caffeine(Anhydrous) I.P5mg
Phenylephrine Hydrocholoride I.P
5mg paracetamol I.P 400mg
Capsule:
EDOXY-100 EMOX-500
Each hard gelatin capsule contains Each capsule contains
Doxycycline Hydrochloride I.P Amoxycylline Trihydrate I.P
Equivalent to Doxycycline 100mg Equivalent to Amoxycillin 500mg
Dry Syrups:
EMOX DRY SYRUP ELECILLIAN DRY SYRUP
For Oral Suspension I.P
For oral suspension Each 5ml of reconstituted
Each 5ml of reconstituted Suspense contains
Suspense contains Amphicillin trihydrate I.P
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Amphicillin trihydrate I.P Equivalent to ampicillin 125mg
Equivalent to ampicillin 125mg
Each 5ml contains
Paracetamol I.P 125mg
Area of operation:
The elegant drugs supply the products to local areas, government hospitals,
and private hospitals. It has also expanded its services to the other countries
like Cambodia, Myanmar, Vietnam & Nigeria.
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List of top authorities:
Elegant Drugs Pvt Ltd. is expertise by experienced technocrats.
Mr. Gautam S. Oswal : CHIEF EXECUTIVE OFFICER
Mr. Bharat B.Oswal : CHAIRMAN
Mr. Rajashekhar C. Pattanshetty: MANAGING DIRECTOR
Mr. Ramesh B. Oswal: FINANCE MANAGER
Mr. Vinod P. Oswal: PURCHASE MANAGER
Mr. Jeetendra .M. Oswal: MARKETING EXECUTIVE
Mr. Arun G. Pawar: PLANT MANAGER
Mr. S. B. Takked: QUALITY CONTROL MANAGER
Mr. Abdul S. Guthal : PRODUCTION EXECUTIVE
Mr. Karuna Vijay: PRODUCTION CHEMIST
Mr. Vishwanth S. Chinnadakai: STORES INCHARGE
Mr. Kumbar : STORES ASSISTANT
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Quality management:
The total management is quality conscious and has formed quality policies
keeping in a mind the constructive effect of quality products which pays
permanent growth of the business in the long run.
This proves the fact that….
1. Quality assurance is active & efficient
2. Production department is operated by highly trained experienced and
qualified technocrats.
3. General Manager visits the unit frequently to solve the problems if any and
visualizes the quality aspects by taking personal rounds of all the departments.
He also takes into account for requirement of space for the development and
new construction also comes into existence as and when required with his
efforts. He assesses the capacity of unit and suggests the management for the
addition of new products.
4. Production department, quality control department, Administration
department. And stores department work with team spirit to achieve desired
goal of production Quality and quantity.
5. Products are designed and developed in such a way that it takes account of
CGMP and to obey good stability.
6. Production and quality control operations are clearly specified in written form.
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7. Departmental heads are well aware of their responsibilities which are clarified
in systems and procedures (Job description column).
8. a. Raw materials are analyzed as per pharmacopoeias as well as in house
standards.
b. Bulk sample analysis is carried out by Q. C. during the processing stages.
c. In process control is carried out by Q. C. as well as by production dept
separately
d. Calibration and validation is carried out by production department with the
Help of Q. C. and maintenance staff.
e. The finished products are correctly processed and checked by production
and Q. C. according to the defined procedures and specifications.
f. After the certification by Q. C. and production authorities, the product is
released for dispatch.
g. There is a procedure of self inspection and quality audit once in six months
which regularly appraises the effectiveness and applicability of quality
assurance system.
9. All manufacturing procedures are clearly defined and systematically
reviewed.
10. Critical steps of manufacturing processes are supervised by production and
Q. C Head
11. All necessary facilities are provided in production which includes,
a) Qualified and trained personnel
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b) Adequate space.
c) Suitable equipments.
d) Correct materials and packaging.
e) Approved procedures and instructions
f) Suitable storage.
g) Adequate personnel
12. Instructions and procedures are described in clear and simple language.
13. Operators are trained to carry out process correctly.
14. Stage wise records are maintained.
15. Manufacturing records can trace history of the batch.
16. Complaints from market are examined and defects are investigated with
appropriate measures if required, including recalls of materials
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CUSTOMER PROFILE OF Elegant Drugs:
Domestic customer:
Government medical stores State and central government institutions like
railway hospitals, state government etc. Distribution of products through
doctors that is marketing as progangda come distribution.
Export market
Combida Canopus combida Ltd
Vietnam Canopus
Nigeria
Myanmar
Sri Lanka
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Future Growth and Prospectus:
Globalization, more exports and collaboration with foreign countries
to improve overall turnover facilities.
More investment in RND, RND formulation and labs.
Focus on talent acquisition, motivation, reward management and
retention.
Strong growth is expected in domestic market.
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Organization structure
Managing director
Director C.E.O Finance Manufacturing
manager unit
Purchase
Factory QC
Manager Manager
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Stores Maintenance Production
shift chemist
RESPONSIBILITIES AND AUTHORITIES OF KEY PERSONNEL:
C.E.O.
To formulate future strategic plan & policy decisions.
To chair meetings relating to the future policies
Participate in finalization of the budget for all activities
To nominate MR & authorized contract
M.D
Is responsible for implementation of QSM
Ensure complete understanding of quality policy & quality objectives in
the whole organization
Is in charge of complete maintenance and housekeeping of the factory
Organize work force when necessary
Is responsible for meeting complete Health policy requirements of the
workers
Participates with FM and QC manger training programmed for the
workers
Is to conduct self inspection audits in the factory with the management
team at regular intervals
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Maintains stores & stock registers
Verify the Purchase Request and received items as per Purchase Order
To initiate purchase when the stocks finished
To initiate the sundry purchase requirements
Supervise the quality system
PLANT MANAGER
Supervises the quality system
Allocates responsibilities and authorities to group needs
To review meetings with group heads and MR of QSM periodically
Coordinate with the departments for smooth functioning of Group as a
whole
Make the employees turnover reports and appraise the higher authority
Participate in product design process activities
Manage time, Resources and schedule within the manufacturing unit
To plan for weekly production plans & to be submitted to chairman on
every Monday
To arrange for daily production report to the chairman
Responsible for all activities carried out in production dept
To issue all requisition for raw materials
To ensure all operations running strictly as per master card
To ensure stores & stocks of materials for day to day production
To maintain all records as per drug and excise rules & regulations
To report for achievements and deviation regularly as per requirement
Initiate to conduct interviews for the requirement of new candidates.
Conducts management reviews of the quality system
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To develop the policy guidelines for the employees
Motivate the relation between the management and the employees by
bringing the popular policies Finalization of loans & advance salaries to
the factory employees
Purchase/Marketing Manager
1 Take decisions on matters relating to contracts & agreements with the
clients
2 Interact with client as and when necessary
3 Review Proposals & Contracts
4 Provide resources during the progress of contract
5 Is to conduct self inspection audits in the factory along with the
management team every quarterly
6Contributes in analyzing customer complaints and assists in resolving
them
7Invites quotations from vendors
Q.C Manager
Coordinates all quality related activities in the Organization
Is responsible for monitoring of all products raw material, in process and
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finished Goods stage.
Is also responsible for signing all release notes irrespective of analysis by
internal or external lab.
Conducts analysis on products at all stages and record it
Ensure adherence to Master cards (Quality plans)
Ensure usage of laboratory practices
It responsible for calibration of all equipments in the laboratory
Has sole authority to release or reject raw materials and finished products
Is responsible for preservation of samples of all products and their
records as per the drug rules
Maintains library of all external referral document for analysis
To arrange for routine Q.C. activities
To authorize written procedures and documents of Q.C
To approve and monitor analysis carried out in-house
To check and calibrate all the equipments in Q.C.
Shift Chemist
Is responsible for all production activities
Is responsible for getting raw material issued from the stores
Is then to coordinate issue of batch no for the particular batch
Inspects cleaning of machines and initiates production process
Records all activities in the batch manufacturing record
Is all responsible for calibration of all measuring equipment in production
area
Notes down in process testing of products in BMR and is present there
while the testing is carried out
Ensure healthy work environment & discipline amongst workers
Reports of any deviations or abnormalities to the Factory manger.
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Assistant Shift Chemist
Is responsible for all production activities
Inspects cleaning of machines and initiates production process
Records all activities in the batch manufacturing record book
Ensure adherence to the Production plan Master cards and any other
product
Notes down in process testing of products in BMR and is present there
while the testing is carried out.
Ensure healthy work environment & discipline amongst workers
Assign task to workers
Supervises workers at all times
Reports status to FM.
QC Assistant
Conducts analysis on products at all stages and record it
Ensures adherence to Master cards (quality plans)
Ensures usage of good laboratory practices
Ensures that equipment is calibrated before usage
Responsible for maintenance upkeep, and housekeeping of the lab.
Maintenance Operator
Ensures upkeep of all equipment
Maintains all equipment as per the maintenance plan
Ensures no breakdown results in loss of production
Maintains critical spares of machine
Stores Keeper (BSR)
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Ensures only products with a release note are stored in BSR
Maintains inventory and stocks of BSR
On receipt of orders verbal or written from the marketing manager
organizes all
excise, sales and other related documents
Ensure products are duly packed before dispatch
Follows FIFO and ensure no expired product leaves BSR
Also is responsible to maintain products at required room condition.
Departmentalization:
PRODUCTION DEPARTMENT
Drug manufacturing for overseas markets is a highly competitive field and only
the very best can survive. It takes a strong infrastructure with a great deal of
manufacturing expertise to bring out the finest quality finished formulations.
We have a long track record of manufacturing pharmaceutical dosage forms for
worldwide pharmaceutical markets and we are proud to be able to provide high
quality products that can improve the health and quality of life of many people
across the India at reasonable prices
We have a very good manufacturing infrastructure consisting of modern GMP
Certified facilities. We use state-of-the-art equipment and have a team of
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qualified professionals who ensure that every product that rolls out of our
factory will meet WHO and other world class standards. This allows us to bring
out the finest quality finished formulations to cater to your every need.
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Flow chart of tablet preparation
Weighing Sieving Mixing and
paste making Granulation
Tablet compress QA2 Lubrication QA1 Dry sizing
Drying
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Coating solution
QA3
preparation
QA4
Tablet checking Coating and
polishing Coated
Tablet checking
Tablet striping
QA5
Tablet packing
Final release
QA1: Water content, QA2: Bulk assay, Bulk density, weight variations
appearance, colour and shape, QA3: Hardness, Physical parameters, Assay,
Friability identification
Manufacturing process of capsule and packing
Stage1:
Dispensing of raw materials as per requirement of batch using B.MR. It consists
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of ingredients like the main drugs, Excepients, Hard Gelatin Capsule Shells size
as per mentioned in the B.M.R.
STAGE 2:
Sieving of all ingredients (Raw Materials).
STAGE 3:
Mixing of all sieved ingredients as per specification given in the batch
manufacturing record.
STAGE 4:
Mixed sample will be collected by Q.C dept for analysis.
STAGE 5: Capsule Filling:
Setting of capsule filling machine for the requirement size of capsule.
The empty capsule is put in loading machine and the capsule is separated
by the plate (cap and bottom) by rotating the plate for twice/thrice.
Machine can take 5-6kg of powder, after that the capsule will be filled
and cap is installed by the automatic machine, after that the capsule are
weighed.
The weight of capsule should be for 20 capsules it must be
6.30gm-6.50gm, if weigh is less than this it will be rejected.
STAGE 5: Capsule Wiping:
All filled capsule will handed over to capsule wiping dept, there
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capsule inspection and wiping will be done with capsule wiping
machine.
Samples will be collected by Q.C dept for analysis (80-100 capsules
from each batch).
STAGE 5: Capsule Blister Packing:
After the release of Q.C dept available polished capsule will be issued for blister
packing.
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Blister packing of capsule will be done by blister packing machine
simultaneously secondary packing will be carried out on the conveyor Belt. All
the packed cartoons will be packed in a shipper as per the requirement
Flowchart of capsule preparation
Weighing Sieving lubrication QA1 Filling
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QA2
Capsule packing Capsule
inspection and wiping
QA3
Final product release
QA1: Bulk density, water content
QA2: Complete testing as per STD procedure, QA3: Assay detection of
pathogen, dissolution.
Manufacturing process of liquid orals :
Dissolve the preservative separately and add sugar syrup.
Add the solution of sweetening agent like sibtole, glycerine etc.
Add buffering agent if needed.
Add flavour’s and colours and mix for required time set up the volume and
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mix for fixed time according to master formula.
Filter the product with help of filter platter
Collect the liquid for testing then connect the storage tank to the filling
machine.
Set up the volume of syringe required to fill per bottle.
Start filling and put the pp cap then seal.
Take the bottle for visual inspection fitted with black and white tiles.
Discard the rejected bottle and send selected bottle for labeling cartooning
and final packing.
Flow chart of liquid orals
Weighing Preparation of sugar syrup mixing
QA1
Checking Volume making Filtration
QA2
Labeling QA3 Packing Transfer to BSR Distribution
QA1: Ph check, Clarity if necessary.
QA2: Bulk analysis
QA3: Pack finishes analysis
QUALITY CONTROL DEPARTMENT
We believe it's a challenge to be a manufacturer of finished pharmaceutical
formulations. In our quest for perfection, we have left no stone unturned right
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from the selection of the finest raw material, using state-of-the-art technology
and processes to bringing out the finished formulations. Helping us produce
the finest quality pharmaceutical products.
All our products are manufactured as per the regulations and guidelines of the
World Health Organization's Good Manufacturing Practice (WHO - GMP). We
implement this through our quality management system that is based on
planning, implementation and control with independent controls that guarantee
safety and reliability ensuring that only the finest quality pharmaceutical
products rollout of our facility.
Our credentials include an ISO 9001: 2000 certification from the Orion
Registrar USA who is internationally accredited by the United States ANSI-RAB
NAP, the Standards Council of Canada (SCC), and the Dutch Council for
Accreditation (RvA). Each of these national accreditation bodies are recognized
throughout the world for Quality and Environmental Programs. This establishes
firmly that we are manufacturer of finished pharmaceutical formulations of high
quality.
The above initiatives are backed by an independent unit that analysis evaluates
and reports the status of quality control and quality assurance. They give
accurate and accountable results that help us produce the finest quality
pharmaceutical products always.
In a nutshell, the factors that have made us successful in drug manufacturing
for overseas markets are:
High quality products
Flexible responsive service
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On-time delivery
Competitive pricing.
Excellent compliance record
Efficient technical transfers
Modern GMP Certified facilities
FDA approved site
Regulatory support.
Efficient inventory coverage
Organization of quality control department consists of Q.C managers, chemist,
and executive lab assistants.
Marketing Department
A marketing program in order to be successful must have a right mixture of
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marketing Mix, not to mention market research, a quality product, an extensive
distribution network. Acceptability, strong dose of promotion coupled with a
right price. A unique feature of the Pharmaceutical market is that it is one of
the most fragmented markets in the country.
Marketing Strategy of Company
Their core marketing strategy is to supply to government institutions.
The state government gives tender notice (Ad’s) in newspaper.
The Elegant Drugs are going to apply for tender (Open tender) through
quotation (rate contract).
If the price bided by Elegant Drugs is lower than others they will get the
contract. and Usually this contract will be for 2-3 years
They have even appointed distributors in states who distribute product
on behalf of Elegant Drugs; the distributor promotes the product ethically.
The company also distributes the product through contact with doctors,
and through the mails for other countries distributors.
The company also participates in tenders of other states like
Andrapradesh, Rajasthan, and Punjab etc.
They also have sales agency called noble Health care which is run by the
one of their family member, who distributes the product in local areas.
Packing Department
Pharmaceutical products are typically susceptible to the damaging effects of
moisture. As such, it is imperative to use the right pharmaceutical packaging
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products, whether they are being transported or simply stored. The company
does not go for the packing of products until Q.C and Q.A department releases
the finished products. Packing and marking are most important stages with
regard to recognition of company’s product. As their will be label entached to
the shippers, which consists of name and address of the company, name of the
product , batch no, manufacturing date, expiry date, with brand name and
generic name
Application of 7’s
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SKILL
The skill refers to capabilities and competencies that exist within the
company. What it does best, distinctive competences – what the company does
best, ways of expanding or shifting competences. A skill captures a company’s
crucial attributes or capabilities.
Company’s each divisions having ISO 9002 certificate and it has adopted
excellent quality policies and all modern safety and security measures all the
levels. All the manufacturing process is computerized and latest facilities and
technologies.
The organization provides both on the job and off the job training for its
staff officers, technical assistance for every month. There will be 2 to 3
speakers , who speaks regarding good manufacturing practices, technical
aspects for technical people .The trainee is been tested for every month by
issuing question papers of 100 marks , the different questions papers are
formulated for different level employees. After setting the question it is been
circulated to employees and then evaluation is carried out.
STYLE
The leadership approach of top management and the organization’s
overall operating approach; also the way in which the organization’s employees
present themselves to the outside world, to suppliers and customers.
Style is pattern of actions that are more decisive than words. People may
listen to what managers say, but they believe what managers do. The
appropriate style is participative, allowing people to collaborative and supports
each other, take calculated risk and innovative improvements. It will not work
for the management to say that it is the organization’s policy
To encourage participation and innovation, if at the same time they also punish
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those who make mistakes.
The management style of functioning is PARTICIPATIVE production unit, Elegant
Drugs. Any issue of significance is discussed with members of management
representatives and workmen to find an amicable solution. Besides these, any
policy implementation is done after threadbare discussion among various
groups of employees. In case of any confusion, reservation stroke of any issues,
matter is referred to corporate office for guidelines.
STRATEGY
Actions, a company plans in response to or anticipation of changes in its
external environment. The Strategies of the company are developed on the
basis of an analysis of external and internal environment. Consequently the
values, preferences, attitude towards risks have been carefully examined while
formulating strategies.
Business strategy is the choice of direction and the action and the
company adopts to achieve its objectives. It integrates the vision and direction
of the company so as to achieve its objectives and goals in a competitive
situation
The company is having a long term objective to develop the entire
spectrum of manufacturing of tablets , capsule, dry syrup and syrup and the
strategies also includes exporting the products and services to several
countries in the world and provide qualitative products and services.
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Finance Department
The company is having good personnel with plenty of knowledge & experience
in finance department. The finance consists of Chief of Accounts, Asst.
Accountant & Accountant. The finance department performs its activities as per
the instructions of Director Finance & Chief of Accounts.
SOURCES OF FUNDS
Since funds can be obtained from different sources therefore their procurement
is always considered as a complex problem by business concerns. Funds
procured from different sources have different characteristics in terms of risk,
cost and control.
SHARE CAPITAL
Funds raised by issue of shares are the best source of procurement of funds
from the point of view of the company. Because the company will not going to
face any problem of repayment of share capital until & unless the company is
under liquidation.
However, equity share capital is usually the most expensive source of funds.
This is because the dividend expectations of shareholders are normally higher
than prevalent interest rate and also because dividends are an appropriation of
profit and are not allowed as expense under the Income Tax Act.
M/s. Elegant Drugs Pvt. Ltd. is a small scale industry. The company raised
funds of Rs.
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20, 00,000/- by issue of 2000 fully paid Equity shares of Rs.1, 000/- each.
DEBENTURES
Procurement of funds by issue of Debentures is comparatively cheaper since the
interest is paid out of profits before tax. However debentures entail a high
degree of risk as they have to be repaid as per the terms of agreement and
interest payment have to be made whether or not the company makes profits.
M/s. Elegant Drugs Pvt. Ltd. is not having any funds procured in the form of
debentures as the same are to be repaid on expiry of lock in period or validity
of debentures
Terms & Conditions of Term Loan for purchase of Machineries:
1. Estimations of Machineries:
Before applying for term loan for the purchase of machineries an
estimation is to be attached with the loan application form.
2. Quotations from different suppliers:
Quotations are to be collected from different vendors or suppliers for
proposed machinery purchases. Quotations collected from various vendors or
suppliers are to be submitted to the bank along with application for term loan.
3. Performa Invoice of machineries:
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Performa Invoices are to be collected from different suppliers or vendors
for proposed machinery purchase. Performa Invoices collected from various
suppliers or vendors are to be submitted to the bank along with application for
term loan.
4. Rate of Interest:
The rate of interest will be 13% to 14% p.a.
5. Margin Money:
To avail the term loan facility for the purchase of machineries certain
percentage of margin money is to be paid by the borrower. Presently 25% of
cost of the machinery is to be paid as margin money by the borrower.
6. Board Resolution:
Public & private limited companies has to pass an resolution in board
meeting by the board of directors & the copy of the board resolution is to be
submitted to the bank.
7. Agreement under Bond:
The company has to execute a agreement under bond for the purpose of
term loans.
8. Processing & Documentation Charges:
The bank will charge certain percentage of term loan amount as
processing & documentation charges for purchase of proposed machineries.
9. Disbursement of Term Loan:
After completion of the entire formalities bank will sanction the amount
of loan for purchase of machineries on the basis of estimation, quotations &
Performa invoices. The term loan sanctioned is going to be disbursed to the
concerned vendor or supplier as per the Performa invoices directly by way of
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demand drafts. If the company has not paid the margin money earlier & the
same is debited to the company’s bank account.
10. Registration of Charges:
The term loan is normally provided against hypothecation machineries in
the name of bank. The machineries so hypothecated are to be registered under
the Companies Act. with the registrar of companies. After registration of
charges under the Companies Act., a copy of registration is to be submitted to
the bank.
Before signing the agreement of term loan the proposal is going to be
verified by the management of the company. It is the responsibility of the
finance manager to explain the implications on the company activities to the
management.
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ACKNOWLEDGEMENT
It gives me immense pleasure and a great sense of fulfillment to thank all those
who have helped me in completion of my summer internship programme.
I am very thankful to shri jeetu ostwal (marketing executive) and “Elegant
Drugs Pvt Ltd” Hubli, for giving me an opportunity to carry out my summer
internship programme.
I also take opportunity to express my sincere thanks to Sumukh Hungund
Placement Coordinator BVB College Of Engineering & Technology
Department Of Management Studies Hubli, for their whole hearted
encouragement and valuable guidance.
I would like to thank internal guide Azhar Shaik for his constant guidance and
support during my summer internship programme.
I also express my thanks to all employees of the Elegant Drugs Pvt Ltd. for their
kind help and co-operation during my summer internship programme.
Chinnu.S.Kalyani
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INTRODUCTION OF THE STUDY
Need for the study
The objective of this project is to co-ordinate the theoretical aspect learnt
in the curriculum with the practical situation. This summer internship
programme has given the much needed exposure for the study to the real
organizational culture.
In MBA course, the student study theoretical aspects of major functional
areas of an organization and in summer internship programme the
students need to observe the application of these theories in the
organization.
This study covers the Labor welfare measures of Elegant Drugs Pvt Ltd.
Scope of the study
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The scope of the project study was initially limited to the staff of the
Elegant Drugs Pvt Ltd. During the course of project it was felt necessary
to include labors of the company and was further limited to them only as
they were the main source behind our study. As the plant working
conditions are to be studied, the workers of the company were selected,
it was further found and decided that the labors should only be
highlighted and targeted to get the required information.
Objectives of the study
To analyze whether the labors are provided and furnished with the
primary requisites so they are satisfied in the organization.
To assess whether the labors are catered with the statutory and
non statutory allowances. Defined by the company.
To examine the level of job satisfaction.
Sources of methodology
Type of data
In this study, primary as well as secondary data collection methods are
used.
Sources of data
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The primaries such as questionnaires are used to get the required
information. The labors of the Elegant Drugs Pvt Ltd are been directly
contacted and the required information is sought by interviewing
them personally i.e., structured questionnaires are used to get the
core matter of the study.
The data related to company profile, financially indices and other
quantitative information is collected by the way of secondary data
collection method i.e., through the website and other previous
document of the HR and administrative department.
Method of extent of selection of small
(source) of data
The source of primary data is selected on the basis of sample.
Minimum of 50 labors have been contacted personally & the
information is sought out..
Techniques of data collection
The primary data is collected by canvassing the structured questionnaires to
the labors of the company.
System of Presentation & Data Analysis
The so for collected primary data is presented in a tabular form with the help of
graphs the descriptive analysis is made.
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RESEARCH ON LABOUR WELFARE MEASURES
Introduction
Land, labor, capital &organization are the factors of production among which.
Labor occupies a pivotal place in the Economic Development of a Nation. To
utilize the labor force to the maximum level, certain welfare measures are
needed. Various welfare measures are in practice &new measures spring up
quite often. Government & other agencies are advocating & striving for new
measures in these days. Studies related to labor welfare are important in
bringing about their right& privileges, of employees in the organization.
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Definition of Labor Welfare Measures:
The oxford dictionary defines Labor Welfare Measures as “Efforts to make worth
living for workers.” The report of the committee on Labor Welfare in 1969,
defined Labor Welfare as such services, facilities &amenities as, “Adequate
canteen, rest &recreation, sanitary & medical facilities, arrangement of travel to
& from work & for the accommodation of the workers employed at a distance
from their homes &such other services, amenities & facilities including social
measures, so as to contribute an improvement in the condition under which
workers are employed.”
Classification of labor welfare measures
The welfare measure may be classified along two basis, viz., Financial
or Non financial. Here are presented the two classifications of welfare measures.
Financial Non-Financial
1. Canteen
1. Bonus 2. Shelter, lunch room
2. Gratuity 3. First-aid service
3. House rent allowances 4. Welfare officers
4. Medical allowances 5. Leave benefit
5. Local traveling 6. Suggestion box schemes
allowances 7. Sports and Games
6. Scholarship for awards 8. Safety Committee
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7. Education allowances 9. Vehicle shed
8. Group insurance 10. Drinking water
9. Festival advance 11. Library
10. Meritorious 12. Auditorium
service award
11. Pension benefit
Bibliography :
1. K. Aswathappa, Human Resource Management
2. Company documents
3. old project report
4.website. www.elegantdrugs.com
5.Business research methods, zigmund.
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Index
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S. No. Contents
1 CHAPTER 1
INTRODUCTION OF THE STUDY
NEED FOR THE STUDY
OBJECTIVES
SOURCES OF THE DATA
LIMITATIONS OF THE STUDY
2 CHAPTER 2
COMPANY PROFILE
PRODUCTS PROFILE.
ORGANIZATION CHART
DEPARTMENTALIZATION
CUSTOMER PROFILE
MISSION STATEMENT
3
CHAPTER 3
STUDY PROFILE
RESEARCH ON LABOUR WELFARE MEASURES
4 CHAPTER 4
PRESENTATION AND ANALYSES OF DATA
TABULATED DATA
GRAPHICAL REPRESENTATION
5 CHAPTER 5
WINDING UP
FINDINGS
SUGGESTIONS
CONCLUSIONS
BIBLIOGRAPHY
Findings
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1. It was found that most of the workers are not having primary education
in the
organization.
2. Most of the workers who are educated are studied up to 12 & further
they
have completed ITI course.
3. It was found that company is providing all necessary facilities
& good working conditions to workers
4. All most all the workers of the company are satisfied.
5. There is a good cooperation & cohesiveness within the workers & there is
a good relation between the top management & the workers.
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Suggestions
It’s known fact that Elegant Drugs Pvt Ltd is one of the top among Pharma
companies which provides almost all facilities to its employee. But still it has
not noticed some if the problems. So I would like to give some suggestions
which ware the result of my survey undertaken.[Questionnaire& personal
interview.]
1. As most of the workers are partially uneducated, the company should
provide some education & training programme.
2. The organizations should conduct induction training programmes at least
twice in a year to the workers whose performance is bad.
3. Around 40% of the workers are below SSLC & illiterate. Such workers may
not understand the objectives & policies of the organizations. Therefore
minimum qualification must be fixed by the company for appointing new
employee.
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QUESTIONNAIRE
Respected Sir/Madam,
I Miss.Chinnu.S.Kalyani student of BVB College Of Engineering & Technology
Department of Management Studies Hubli. Carrying on a Project entitled “Labor
Welfare Measures at Elegant Drugs Pvt Ltd Chalmatti, I request you to help me
by filling the enclosed questionnaire. I assure you that all the information
provided by you will be kept confidential.
Section: I
Personal Profile
Employee code:
Designation:
Age:
a) 18-30 years [ ] b) 30-40 years [ ] c) 40-50 years [ ] d)
50-60 years [ ]
Marital Status
a) Married [ ] b) Unmarried [ ]
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Section:II
Study Profile
1. Elegant Drugs is working towards its employee welfare
Strongly agree Agree Neither Disagree Strongly
agree/Nor disagree
disagree
2.As an employee of Elegant Drugs, are you satisfied with the basic working
conditions provided by the organization?
Yes No
3 Financial and non financial benefits are must for an employee for his
dedicated work, are you catered with the same?
Yes No
4. How are the recreational facilities in the organization?
Very good Good Average Satisfactory Bad
5.Family pension, Bonus, Meritorious awards are given to me
Very good Good Average Satisfactory Bad
6.To increase the performance of the employee’s regular training is provided
Strongly agree Agree Neither Disagree Strongly
agree/Nor disagree
disagree
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7.Safety is given highest priority in your organization
Strongly agree Agree Neither Disagree Strongly
agree/Nor disagree
disagree
8. What is your opinion about the grievance handling procedure?
Very good Good Average Satisfactory Bad
9. What is your opinion about intensity of disciplinary action in the organization?
High Medium Low
10. All these welfare measures provided to the employees have increased
productivity
Strongly agree Agree Neither Disagree Strongly
agree/Nor disagree
disagree
Thank you.
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Section I
Data analysis and presentation
1. Age:
Age group No of workers
18-30 years 24
30-40 years 15
40-50 years 8
50-60 years 3
Total 50
2 Marital Status:
Number
Married 37
Unmarried 13
Total 50
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Section:II
1. Elegant Drugs is working towards its employee welfare
Numbers
Strongly agree 11
Agree 29
Neither agree nor 9
disagree
Disagree 1
Strongly disagree 0
Total 50
2. As an employee of Elegant Drugs, are you satisfied with the basic working
conditions provided by the organization?
Numbers
Yes 40
No 10
Total 50
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3 Financial and non financial benefits are must for an employee for his
dedicated work, are you catered with the same?
Numbers
Yes 35
No 15
Total 50
4. How are the recreational facilities in the organization?
Numbers
Very good 17
Good 22
Average 11
Satisfactory 0
Bad 0
Total 50
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5. Family pension, Bonus, Meritorious awards are given to me
Numbers
Very good 12
Good 20
Average 18
Satisfactory 0
Bad 0
Total 50
6. To increase the performance of the employee’s regular training is provided
Numbers
Strongly agree 9
Agree 26
Neither agree nor 15
disagree
Disagree 0
Strongly disagree 0
Total 50
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7. Safety is given highest priority in your organization
Numbers
Strongly agree 8
Agree 21
Neither agree nor 3
disagree
Disagree 0
Strongly disagree 0
Total 32
8. What is your opinion about the grievance handling procedure?
Numbers
Very good 13
Good 24
Average 13
Satisfactory 0
Bad 0
Total 50
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9. What is your opinion about intensity of disciplinary action in the organization?
Numbers
High 18
Medium 25
Low 7
Total 50
10. All these welfare measures provided to the employees have increased
productivity
Numbers
Strongly agree 14
Agree 24
Neither agree nor 10
disagree
Disagree 2
Strongly disagree 0
Total 50
Labor welfare measures of Elegant Drugs MBA HR