Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Job satisfaction @ elegant drug pvt ltd
1. 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 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
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2. 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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3. 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
New Cotton Market
Hubli.
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4. 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
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
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5. 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 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.
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6. 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
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
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7. 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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15. 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
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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16. 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
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17. 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
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
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18. 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.
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.
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19. 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
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
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20. measures if required, including recalls of materials
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
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21. Nigeria
Myanmar
Sri Lanka
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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22. Organization structure
Managing director
Director C.E.O Finance Manufacturing unit
BABASAB PATIL manager
23. Purchase
Factory QC
Manager Manager
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
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24. • 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
• 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
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25. • 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
• 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
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26. 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 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
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27. • 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.
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
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28. • Maintains all equipment as per the maintenance plan
• Ensures no breakdown results in loss of production
• Maintains critical spares of machine
Stores Keeper (BSR)
• 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
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29. 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 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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30. Flow chart of tablet preparation
Weighing Sieving Mixing and paste making Granulation
Tablet compress QA2 Lubrication QA1 Dry sizing Drying
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31. QA3 Coating solution
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 of
ingredients like the main drugs, Excepients, Hard Gelatin Capsule Shells size as per
mentioned in the B.M.R.
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32. 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 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).
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33. STAGE 5: Capsule Blister Packing:
After the release of Q.C dept available polished capsule will be issued for blister
packing.
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
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34. Flowchart of capsule preparation
Weighing Sieving lubrication QA1 Filling
QA2
Capsule packing Capsule inspection and wiping
QA3
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35. 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 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.
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36. • 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 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
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37. 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
• On-time delivery
• Competitive pricing.
• Excellent compliance record
• Efficient technical transfers
• Modern GMP Certified facilities
• FDA approved site
• Regulatory support.
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38. • 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 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.
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39. • 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 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
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40. Application of 7’s
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
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41. 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 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
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42. 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.
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
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43. 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.
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
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44. 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:
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.
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45. 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 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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46. 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.
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47. Scope of the study
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.
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48. Sources of data
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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49. 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.
Definition of Labor Welfare Measures:
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50. 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 allowances 6. Suggestion box schemes
6. Scholarship for awards 7. Sports and Games
7. Education allowances 8. Safety Committee
8. Group insurance 9. Vehicle shed
9. Festival advance 10. Drinking water
10. Meritorious service award 11. Library
11. Pension benefit 12. Auditorium
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51. 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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54. 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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55. 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.
Suggestions
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56. 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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57. QUESTIONNAIRE
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 [ ]
Section:II
Study Profile
1. Elegant Drugs is working towards its employee welfare
Strongly Agree Neither Disagree Strongly
agree agree/Nor disagree
disagree
2.As an employee of Elegant Drugs, are you satisfied with the basic working conditions
provided by the organization?
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58. 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 Neither Disagree Strongly
agree agree/Nor disagree
disagree
7.Safety is given highest priority in your organization
Strongly Agree Neither Disagree Strongly
agree 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?
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59. High Medium Low
10. All these welfare measures provided to the employees have increased productivity
Strongly Agree Neither Disagree Strongly
agree agree/Nor disagree
disagree
Thank you.
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
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60. 50
40
18-30 years
30 30-40 years
40-50 years
20
50-60 years
10 Total
0
No of workers
2 Marital Status:
Number
Married 37
Unmarried 13
Total 50
Marital Status
40
35
30
25
20
15
10
5
0
Married Unm arried
Section:II
1. Elegant Drugs is working towards its employee welfare
Numbers
Strongly agree 11
Agree 29
Neither agree nor disagree 9
Disagree 1
Strongly disagree 0
Total 50
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61. Strongly agree
50
40 Agree
30
Neither agree nor
20 disagree
Disagree
10
0 Strongly disagree
Numbers
Total
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
50
40
30 Yes
No
20
Total
10
0
Numbers
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
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62. 50
40
30 Yes
No
20
Total
10
0
Numbers
4. How are the recreational facilities in the organization?
Numbers
Very good 17
Good 22
Average 11
Satisfactory 0
Bad 0
Total 50
50
40 3-D Column 1
Good
30
Average
20 Satisfactory
10 Bad
Total
0
Numbers
5. Family pension, Bonus, Meritorious awards are given to me
Numbers
Very good 12
Good 20
Average 18
Satisfactory 0
Bad 0
Total 50
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63. 50
3-D Column 1
40
Good
30 Average
20 Satisfactory
Bad
10
Total
0
6. To increase the performance of the employee’s regular training is provided
Numbers
Strongly agree 9
Agree 26
Neither agree nor disagree 15
Disagree 0
Strongly disagree 0
Total 50
Strongly agree
50
Agree
40
30 Neither agree nor
disagree
20 Disagree
10 Strongly disagree
0 Total
7. Safety is given highest priority in your organization
Numbers
Strongly agree 8
Agree 21
Neither agree nor disagree 3
Disagree 0
Strongly disagree 0
Total 32
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64. Strongly agree
35
30 Agree
25
20 Neither agree nor
15 disagree
10 Disagree
5
Strongly disagree
0
Numbers
Total
8. What is your opinion about the grievance handling procedure?
Numbers
Very good 13
Good 24
Average 13
Satisfactory 0
Bad 0
Total 50
50
3-D Column 1
40
Good
30 Average
20 Satisfactory
Bad
10
Total
0
9. What is your opinion about intensity of disciplinary action in the organization?
Numbers
High 18
Medium 25
Low 7
Total 50
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65. 50
40
3-D Column 1
30
Medium
20 Low
Total
10
0
10. All these welfare measures provided to the employees have increased productivity
Numbers
Strongly agree 14
Agree 24
Neither agree nor disagree 10
Disagree 2
Strongly disagree 0
Total 50
Strongly agree
50
Agree
40
Neither agree nor
30
disagree
Disagree
20
10 Strongly disagree
0 Total
Executive summary
Yet to type.
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