Summer Internship Report (MBA)
Summer Internship Report (MBA)
For
CESS Automation_____________
Submitted to
INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (IIIM)
CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY
(CHARUSAT) - CHANGA
Prepared by
Harsh D Desai
ID No: 21MBA146
M.B.A. First Year
July 2022
CERTIFICATES
It is mandatory on the part of the student to obtain certificates from:
i. The company/organization in which he / she has undergone summer training and
carried out the project work; and
ii. The faculty member who has guided him/her for the summer training and project
work.
I, Desai Harsh D, student of the two-year MBA programme at Indukaka Ipcowala Institute of
Management (IIIM) hereby declare that the report on summer training and project work entitled at
“CESS Automation” is the result of my own work. I also acknowledge the other works /
publications cited in the report.
(Signature)
Place: Changa
Firstly, I would like to thank Mr. Chirag Shah the Executive Director & Mr.Harish Joshi, Deputy
Manager, at CESS Automation for giving me the opportunity to do an internship in your
organization.
I would like to thank Dr. Sapna Mathur internship coordinator & Dr. Hardi Raval, internship cell
coordinator of I2IM for their support and advices to get and complete internship in above said
organization.
I am obliged to my department staff members and friends who helped me in successful completion
of this internship.
Place: Ahmedabad
Name: Harsh D Desai
Date:
TABLE OF CONTENTS
3. Functional Areas
3.1 Markets & Marketing Function
3.2 Production/Operation Function
3.3 Supply chain and logistic 12-43
3.4 Human Resource Management
3.5 Finance Function
4. Decision making 44
5. Financial analysis
5.1 Profitability of the firm for the last five years
5.2 Key financial & their Interpretation. 45-49
5.3 Asset build up in the last five years
E-mail [email protected]
Marketing Office 42, ABM Society Stovec Industries Road, NIDC Lambha,
Ahmedabad- 382405
.
Main Products VFD Drive, Servo, PLC, Gear Motor, Control Panel,
Power Panel
.
Company Category Company Limited by Shares.
This project gave me a great learning experience and at the same time it gave me enough scope to implement
or test by analytical ability. The analysis presented in this project report is based on market research. This
report will help us to know about the investors preferences in mutual funds means are they prefer any asset
management company (AMC). This project is whole divided into two parts
The first part gives insights about organizational profile i.e., CESS Automation
The second part consists of the project study on investors awareness level on mutual fund as an important
investment option for wealth creation.
PART I – ORGANISATIONAL PROFILE
2.1 COMPANY:
Cess Automation
DP TRADEKING is a leading stock-broking and wealth management firm established in 2016, which
mostly deals with financial and advisory services, and brings best financial related solutions based on need
of its customer.
History
1995 saw the founding of CESS Automation in Ahmedabad. We are a partnership company that has
produced, traded, and exported a variety of industrial automation products for more than 25 years. Our
product line includes a variety of items such as AC Drives, Industrial Power Supplies, Industrial Power
Supply Panels, AC Motor Drives, HMI Controllers, Network Converters, Industrial Motion Control,
Automatic Sensors, Lubi Industrial Automation And Solar Products, CNC Lathe Solutions, Lathe Controller
NC200 Series, Sensor Process Controller Field Device, Networking Industrial Ethernet Solutions, and a lot
more. These goods are well-liked for their user-friendliness and environmental friendliness. Additionally, we
offer commissioning services.
Under the direction of our mentors, Mr. Harish Joshi and Mr. Chirag Shah, who have in-depth knowledge
and skill in our field of work, we have had tremendous success. We were able to carve out a niche for
ourselves thanks to their abilities and business sense. We have quickly ascended the success ladders thanks
to the united efforts of these people.
We have established a sizable infrastructure that is furnished with the newest and most advanced equipment.
We have a group of skilled individuals that are fully knowledgeable in their specialised domains available to
work on these devices. They collaborate to provide a range of the greatest calibre as a group. Furthermore,
by providing a quality-approved selection of items that are highly valued throughout the nation, our quality
control policies have helped us keep one step ahead of our rivals.
Quality
Since, we are a quality conscious company, we aim at following strict quality norms and standards. We
ensure that we maintain quality standards at all stages of production, right form the procurement of raw
materials till our products are ready to be dispatched. For this reason, we conduct stringent quality tests,
while performing the jobs, both, on-site & off-site.
Following tests are conducted at our laboratory to ensure conformance to quality standards:
Strength test
Efficiency test
Reliability test
Performance test
Our Vision
“We shall operate in existing and new businesses which profitably capitalize on the CESS brand and our
corporate image of reliability and integrity. Our objective is to delight our customers both in India and
abroad. We shall achieve this objective through continuous improvement in quality, cost and customer-
service.”
Mission
“We will be market-driven, efficient and profitable. We will be driven by our commitment to continuous
quality improvement and by building on existing strengths and developing new competencies.”
dv
OVERVIEW
The Automation market is very large here in India as it is used to make several Industrial
Machinery Panels and also several other Automation market yet to taped in and also there are several
other electronics items that are used in the manufacturing process of the Industrials Panels have a
very huge electronic market in India.
CESS Automation bring out time to time new alluring offers for the deals to create a good client
base.
Looking at the electronic and automation market and demand of the market, the marketing
department strategically creates a marketing strategy to attract the customers all over India.
CESS Automation does Door to Door Marketing, Digital Marketing, Reference Marketing where it
mainly focuses on door-to-door marketing as there is more involvement of customers as, taste and
preferences of the customer can be known.
CESS Automation marketing team strongly believes in building Strong relationship with the
customers as here references marketing comes in where the existing customers gives reference to
their other Automation Organisation.
CESS Automation also does Digital Marketing where the core focus is to Connect to the customers
all over India. CESS Automation is also in the India Mart where they can easily connect to the
customers.
CESS Automation publishes advertisement on the online platform where there is more traffic
regarding the Automation material.
2) Pricing: Establishing a price for a product incorporates several factors of cost and value. Ideally,
marketers find a price between customers' perceptions of a product's value and the actual cost of
producing it. Other factors include the price your competitors set and the amount customers might
pay for your product. Marketing professionals consider these elements when deciding how to price
a particular product or service.
4) Promotion: Promotion fosters brand awareness while educating target audiences on a brand's
products or services. It emphasizes introducing potential consumers to your brand. This function of
marketing varies in form, and marketing professionals tailor each form to relate to a particular
product, brand or target audience. Promotion may include any of the following strategies:
Email marketing
Social media advertisements
Public relations
Digital or print advertising
Content marketing
Brand partnerships
Influencer marketing
Events
6) Marketing information management: You can optimize your marketing strategies when you
focus on data and information. It's important to collect and store data, such as customer preferences
and demographics. Often, this data directly relates to your target audience for your products and
services. This also can inform effective business decisions for the entire company, so consider
sharing your data and findings with other departments, as well. ou can gather relevant information
from various marketing tools, such as:
Surveys
Online reviews
Social media engagements
Market research reports
7) Selling: Selling is a function of marketing that comprises communicating with potential customers
and pursuing sales leads. It's important for marketing professionals to pursue sales leads with
subtlety, which helps them build relationships with potential customers. As communication with a
potential customer progress, successful marketers may introduce their product and answer
questions customers may have. Effective selling techniques can help you distinguish your brand
from competitors
It simply refers to the functional relationship between input and output of product. Operation/
production function is responsible for manufacturing of goods and services till its dispatch.
Following is the simple format of production function:
INPUTS: OUTPUT:
This function closely works with purchasing to understand the availability of raw material, cost and quality
issue, availability of sources of supply, and lead times.
Gujarat is a hub of Electrical industries. And now government is also pushing this industry to produce in
bulk i.e., more so that the Panels and other products are available at least cost to the consumer. As
population increases in developed as well as developing market, there is need to meet the demands of
customers including their facilitates and products.
Finished goods
available
QC Testing Purchase
LIST OF PRODUCTS:
A) What is PAN: Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued
in the form of a laminated card, by the Income Tax Department in India. This number is almost
mandatory for financial transactions such as opening a bank account, receiving taxable salary or
professional fees, sale or purchase of assets above specified limits
B) PAN Status: You can track the status of your application for new PAN / reprint of PAN card /
changes or correction in PAN details using the 15-digit unique acknowledgment number after 3 or 4
days of application.
C) Lost PAN: What if you misplace your PAN? If you are a non-resident Indian living abroad or an
OCI/PIO who has lost or misplaced his pan card, then we may help. We assist you in applying for a
pan card with an old pan and get it delivered to your foreign address abroad
E) TAN: TAN or Tax Deduction and Collection Account Number is a 10-digit alpha numeric number
required to be obtained by all persons who are responsible for deducting or collecting tax. Under
Section 203A of the Income Tax Act, 1961, it is mandatory to quote Tax Deduction Account Number
(TAN) allotted by the Income Tax Department (ITD) on all TDS returns.
F) E-TDS: Entities (both corporate and non-corporate (deductors) making payments (specified under
Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax Deducted at
Source -TDS) from these payments and deposit the same at any of the designated branches of banks
authorized to collect taxes on behalf of Government of India. They should also furnish TDS returns
containing details of deductees and challan details relating to deposit of tax to Income tax
department.
G) Annual information return: An Annual Information Return is a format for filing an additional
return with the Income Tax Department, apart from the regular return mentioned under Section 139.
The Annual Information Return (AIR) discloses high-value financial transactions carried out by
assesses during the financial year.
3.WEALTH MANAGEMENT
Portfolio advisory: We will assist you with a range of specialized investment strategies to capitalize
on opportunities in the market and nurture your investment at each level to get good returns out of
that. Broaden your investment avenues by diversifying your portfolio through an extensive range of
products like government bonds, debt market, mutual funds, exchange traded funds, gold bonds,
direct equity, life cover, future & options, currency derivatives and many more.
Insurance planning: We are an independent agency with the customer in mind. We have
relationships with top leading insurance companies in India, allowing you to get the right price with
the right service. Whether you have the ideal history, preferred companies desire, or a not so perfect
history, we find the right coverage, with the best company, at the best price for you. As an
independent insurance agent, we can offer the right coverages with the personal touch you would
expect from your neighbourhood insurance agent.
Retirement planning: Retirement Planning in India is not an easy job at all. Rising inflation
numbers, slowing economy growth, love for Gold and of course too many financial products do not
make life easy for any individual planning for retirement. Miss-selling of financial products by banks
and other financial institutions has only doubled the customer’s confusion. We only sell those
products which is trusted by experts and have guaranteed returns on investment.
Portfolio management service: Portfolio Management Services (PMS), service offered by the
Portfolio Manager, is an investment portfolio in stocks, fixed income, debt, cash, structured products
and other individual securities, managed by a professional money manager that can potentially be
tailored to meet specific investment objectives.
4) LIFE AND MEDICAL INSURANCE
Our family is our priority and we all want to see them happy, safe, protected and cushioned for any
eventuality. Insurance is all about risk and financial protection. Bearing a financial loss alone can be
major drain on your resources, insurance helps you circumvent that. It is an essential tool to save you
from potential losses faced from unexpected instances
Investment insurance: a combination of insurance and investment, a part of the premiums is deducted
as insurance, and the other part of the premium is invested in market.
Automobile insurance: a contract between you and the insurance company that protects you against
financial loss in the event of an accident or theft. In exchange for your paying a premium, the
insurance company agrees to pay your losses as outlined in your policy.
Engineering insurance: he insurance that provides economic safeguard to the risks faced by the
ongoing construction project, installation project, and machines and equipment in project operation.
Financial liability insurance: This insurance is for companies which are in financial liability. an
insurance product that provides an insured party with protection against claims resulting from
injuries and damage to other people or property. Liability insurance policies cover any legal costs
and pay-outs an insured party is responsible for if they are found legally liable.
Group insurance: a type of insurance plan that covers a number of people in the same contract. Such
a plan provides the same level of insurance coverage to all members of a group irrespective of their
age, gender, occupation or socio-economic status.
CHAPTER-3
FUNCTIONAL AREAS
1) MARKETING DEPARTMENT
OVERVIEW
Major functions of marketing:
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8) Product management: Product management includes the development, design and improvement
of products or services. The role of a marketer in product management is to ensure that a finished
product meets customer needs. Some product management strategies include:
Analysing competitors
Communicating with customers
Implementing feedback
Conducting market research
Coordinating with other departments
9) Pricing: Establishing a price for a product incorporates several factors of cost and value. Ideally,
marketers find a price between customers' perceptions of a product's value and the actual cost of
producing it. Other factors include the price your competitors set and the amount customers might
pay for your product. Marketing professionals consider these elements when deciding how to price
a particular product or service.
10) Distribution: Distribution is the process of transporting your company's products or services to
your customers. There are several physical and digital methods of distribution, including:
Online stores
Catalogues or magazines
Sales calls
Retail stores & wholesalers
11) Promotion: Promotion fosters brand awareness while educating target audiences on a brand's
products or services. It emphasizes introducing potential consumers to your brand. This function of
marketing varies in form, and marketing professionals tailor each form to relate to a particular
product, brand or target audience. Promotion may include any of the following strategies:
Email marketing
Social media advertisements
Public relations
Digital or print advertising
Content marketing
Brand partnerships
Influencer marketing
Events
12) Financing: Financing is a marketing function that involves securing funding—either internally or
externally—to create marketing campaigns. It's important for marketing teams to secure enough
availability in their annual budget to improve previous marketing campaigns and remain updated
with industry trends.
13) Marketing information management: You can optimize your marketing strategies when you
focus on data and information. It's important to collect and store data, such as customer preferences
and demographics. Often, this data directly relates to your target audience for your products and
services. This also can inform effective business decisions for the entire company, so consider
sharing your data and findings with other departments, as well. ou can gather relevant information
from various marketing tools, such as:
Surveys
Online reviews
Social media engagements
Market research reports
14) Selling: Selling is a function of marketing that comprises communicating with potential customers
and pursuing sales leads. It's important for marketing professionals to pursue sales leads with
subtlety, which helps them build relationships with potential customers. As communication with a
potential customer progress, successful marketers may introduce their product and answer
questions customers may have. Effective selling techniques can help you distinguish your brand
from competitors
Production/Organisation
Orders
Yes NO
Purchase and
Finish
inventory
SWOT analysis of DP TradeKING private limited:
1)Strengths:
Innovative range of different financial products.
Known for transparent functionalities
Latest technology and best IT solution for customer
A great bond with customer through customer relationship
Multiple Financial services at one place. Offered Services are: Equity Trading, commodities,
Portfolio management services (PMS), E-Governance, Mutual Funds, Life Insurance, IPO,
Depository Services, Investment advisory.
More than 20years experience and expertise in stock market.
Highly Experienced staff and excellency in financial sector.
2) Weakness:
Indian are mostly conservative and more people investing in gold.
Generally, some people fear form equity asset class due their volatility.
Mobile trading Option
3) Opportunities:
High Purchasing power and people get various investment opportunities.
Growing Rural markets.
Economic Growth rate of India.
No minimum Amount required to invest (one can start with Rs.1)
4) Threats:
Competitions with popular equity broker firms.
Political influence on stock market and increase volatility and also affect volume
Overview:
Joining formalities: All employees on joining the Company, has to produce originals
documents for verification and furnish attested copies.
Classification of Employees: Employees are classified as:
1.Trainee:
2. Probationer
3. Permanent Employee
Age at Joining: No person below the age of 18 shall be employed in the company.
Hierarchy
Source: http://www.dptradeking.com
3.4 Human Resource Management
“The policies and practices one need to carry out the people or human
resources aspects of management position, including recruiting, screening,
training, rewarding and appraising” —Gray Dazzler
Recruitment & selection are procedures, which take place step by step in
order to fill up the vacancies in the organization. Recruitment is a process
of hiring right candidate at the right time. The recruitment and selection
process entails five main steps:
-Decide what position to fill
-build a pool of candidates for these jobs
-have candidates’ complete application
-use selection tool
-decide to whom to make an order
There are two sources of recruitment & selection process:
(a) Internal sources
company.
• 15
Operators
• 45
Office Staffs
• 60 of which;
labour contract • 56 -men 4 -women
(b) WEB BASED TRAINING: some training related to the technicality for
the operator is learned through discussion and web-based training.