Company Profile: Vignesh and Company

 

COMPANY PROFILE: VIGNESH AND COMPANY

Vignesh & Co is an organization with its vast approach towards empowering with new technology since 1990. We are engaged in selling Currency Counting Machine, Forged Notes Detector, CCTV camera and Paper Shredder.

We understand the risks involved in every walk of life as in shops, banks, exchange centers, etc who have placed their trust on these electronic machines to save them from loss or fraudulent practices.

The efficiency of these machines is remarkable and worth the buy with technology  becoming more popular po pular and an d purposeful. pur poseful. Further, our ou r fake note counter display tool plays a vital role in fraud detection in complex areas. Our ranges of products also include CCTV cameras to the product list which debat deb ates es on th thee vi video deo securi security ty system system.. On th thee whol whole, e, CCTV CCTV Surve Surveil illa lance nce Came Camera, ra, Security Camera, Speed dome Camera, Day Night camera, is some of our core specialty  products.

The security of the individuals namely personnel, company or organization these cameras provide security and unwanted intrusion into the premises.   Paper shredder is simply a perfect device to manage waste, properly destroying marketing marketi ng plans, health records, other confidential confidential information falling into wrong hands. ASTRA shredder is being marketed here along with its enhanced CD shredder in it.

With our research from ten years we want to ensure the clients that our company is build upon trust and protect individuals from risks and provide safe environment. Our  distributors distribut ors can validate our services and offers based on their satisfaction. satisfaction. We will offer  these services based on their requirements and preferences.

 

Vignesh & Co, Electrical and Electronics, are a manufacturer of modern scientific equipments. equipme nts. Our brand name Astra has a range of products is simply remarkable remarkable making note counting and fake note detection easy.

Our ten years of research and development has paved for manufacturing such machines which can be received by the end-users.

We are seeking distributors nationwide for Astra Currency Counting Machine and Astra Fake Note Detectors and CCTV Surveillance Camera system and other types of  security system cameras. Our ASTRA paper shredder is simply promising in managing unwanted thrash in the organization.

These shredders also help to safeguard complex business information or designs falling into wrong hands. Power efficiency is possible due to electronic control of the shredder 

We target distributor's domestic customers in India. We want to prove that our   business with the state of the art technology can cater to your needs nee ds and provide pro vide longtime relationship to our prospective client.

Our products are designed to deliver maximum efficiency. efficiency. The user's requirement requirement is the main platform we consider thus guarantee a lower price strategy. Our services include offering of AMC (Annual Maintenance Contract) after a warranty period of one year. We deliver spares of (OEM) for our units. Our working schedule is reduced to 24/6.

Vignesh & Co, Electrical and Electronic is manufacturer of modern Scientific

equipments. Our machines, Astra Currency Counting are innovated for individuals. And Bundle counting simultaneously fake currency detecting too.

Our Ten years research and development brought these machines to the market, which are very well received by the end-users. We offer AMC (Annual Maintenance Contract) after one year warranty period. And spares of (OEM) our units.

 

We are looking for hard working distributors distributors Nationwide for  Astra Currency Counting Machine and Astra Fake Note Detectors.

Nature of Business Turnover Company name Mobile / Cell Phone Telephone

: :

Manufacturer  Rs. 50 Lakh - 1 Crore ( or US$ 100 K - 200 K Approx.) Vignesh & Company +(91)-9842249023

:

  +(91)-(422)-2522235 5372721

Fax No Address Web page

: :

+(91)-(422)-5373721 +(91)-(422)-5372721 No. No. 5 539 39-- A, A, No. No. 10 100 0 Fee Feett Roa Road, d, Gand Gandhi hipu pura ram, m, Coimbatore - 641 012, Tamil Nadu, India www.vigneshandco.com

OUR VISION To prov provid idee accu accura racy cy and and secu securi rity ty to the the endend-us user erss ag agai ains nstt all all fr frau auds ds and and insecurities with strong roots.

OBJECTIVES 1. Quality - The quality of the currency handling equipment is reliable and the employees with the state of the art equipment to deliver customer satisfaction.

2. Durability or Life Span of equipments - The durability of the equipment with through excellence to improve the quality is what we are more focused upon. With our  Research& Development team we look for innovation and betterment of equipment.

3. Low consumption of energy - The energy consumption of these equipments is low when compared to other machines to make it more reliable and cost effectively.

 

4. Guarantee of Products - The AMC (Annual Maintenance Contract) contract after the  period of one year of o f warranty and the availability availabi lity of spares for our ou r units.

5. Any time service - We offer any time services to our customers to make lasting impression on them.

Staff Augmentation:

We have around ten employees who are greatly skillful in higher technology. Their  skill set has paved the way for the manufacturing of the machines.

PRODUCT PROFILES Cash Counting Machine handles loads of cash be it old, new or soiled in same manner.

The accuracy is simply remarkable. This currency counter is just not reduced to the large businesses even small and businesses due to its cost-effective feature.

As technology improves, it must be used usable and purposeful.

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Astra Loose Note Counting Machine: AXLNC

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Astra Loose Note Counting Machine : AXLNC MG-1

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Astra Loose Note Counting Machine :AXLNC MG-2

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Astra Bundle Note Counting Machine: AXBNC Desktop

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Astra Bundle Note Counting Machine: AXBNC Floor 

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Astra Currency Bundling Machine

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Astra Currency Detector Machine - UVL 200 (W)

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Astra Paper Shredder 

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CCTV Cameras

 

The above mentioned Currency counting Machines having their scope in various sectors like 

Bank & Financial Institution

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Hospitals

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School & Colleges

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Hostels & Restaurants

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Shopping malls

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Indian Railways

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Airport Authority

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Other transport services

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Retail Outlets & showroom

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And all other Business Firms

ASTRA LOOSE NOTE CURRENCY COUNTER: - AXLNC

FEATURES:

* Micro Computerized for Counting * Auto Dust Absorption * Fully Automatic * Built-in detection system for fake note detection * Adding and Batching facility.

 

SPECIFICATION: 

Counting Speed :

900 pcs/min

Bank Note Size :

Upto 190 x 85 mm (1000 Rupee Note)

Weight : Power Source : Power Consumption : Dimensions :

8 Kg AC 220V± 10%, 50Hz 80 Watt 310 x 260 x 210 mm

ASTRA LOOSE NOTE CURRENCY COUNTER: - AXLNC MG-1

SPECIFICATION:

Counting Speed :

1000 pcs/min

Bank Note Size :

Upto 190 x 90 mm

Power Supply :

AC 220V± 10%, 50Hz

Dimensions :

315 x 265 x 290 mm

Power Consumption :

75 Watts

 Net Weight :

7 Kg

* Counterfeit Detecting Function (UV or UV UV & MG) * Auto & Manual Start Counting Mode * Addition Function, Batch Function

 

* Chained Note Detection (Two Sheets) * Size Detection * IR (Paper Thickness Notes Stuck together) Detection * Half-Note Detection, Dual Digital Display, Customer Display Display

ASTRA LOOSE NOTE CURRENCY COUNTER: - AXLNC MG-2

Specification: 

* Counterfeit Detecting Function (UV or UV & MG) * Auto & Manual Start Counting Mode * Addition Function, Batch Function * Chained Note Detection (Two Sheets) * Size Detection * IR (Paper Thickness Notes Stuck together) Detection * Half-Note Detection, Dual Digital Display,

Customer Display

 

Counting Speed : Bank Note Size : Power Supply : Dimensions : Power Consumption Consumption  Net Weight :

1000 pcs/min Upto 190 x 90 mm AC 220V± 10%, 50Hz 315 x 265 x 290 mm : 75 Watts Watts 7 Kg

ASTRA BUNDLE NOTE CURRENCY COUNTER: - AXBNC Desktop Model

Features:  

* Auto start * Vacuum Suction * Preset Counting * Bundle Counting * Batching * Addition * 100% Accuracy High speed Countingor  * Micro Control Suction New & Old Currency, etc.

 

Counting Speed : Feed System : Counting Speed : Hopper Capacity :

1000 pcs/min Vacuum 100 pcs/4 sec 200 Notes

Power Source : AC 220V± 10%, 50Hz Power Pow er Consump Consumptio tion n : 330 Watt Watt Dimensions : 300 x 400 x 255

ASTRA AST RA BUN BUNDLE DLE NOT NOTE E CUR CURREN RENCY CY COU COUNTE NTER: R: AXB AXBNC NC Flo Floor or Model

Feed System : Counting Speed : Hopper Capacity : Power Source : Power Pow er Consumpt Consumption ion : Dimensions :

vacuum 100 pcs/4 sec 200 Notes AC 220V± 10%, 50Hz 330 Watts Watts 295 x 325 x 720

SPECIFICATION 

* Elegant, compact & portable, easy to move * High Speed Operation

 

* Special Note Dust Collecting Filters * Auto/Manual Start, Check mode, Free Mode * Preset Batch, ADD Mode, OK Stamp Mode * External display for Customer 

ASTRA BUNDLE NOTE COUNTING MACHINE- DESKTOP MODEL: - AXBNC Cash Counting Machine handles loads of cash be it old, new or soiled in same manner. The accuracy is simply remarkable.

FEATURES: 

* Simple operation * Checks Batch-free Stamp-Add * Permanent Memory storage of accumulated Number  * Low Power Consumption * Counting Speed of 100 notes in 4 seconds * Digital Display either 4-Digit or 3-Digit Batch Display

 

ASTRA FORGED NOTES DETECTOR: UVL 200 Every organization or business is at risk when counterfeited notes are received. Ourr forg Ou forged ed note note de dete tect ctor or allo allows ws in id iden enti tify fyin ing g fo forg rged ed no note tess at the the time time of cash cash transactions.

This way it is easy to minimize minimize financial losses and embarrassment embarrassment of our clients or ourselves at time of decision making.

Our forged note detector allows in identifying forged notes at the time of cash transactions.

This way it is easy to minimize minimize financial losses and embarrassment embarrassment of our clients or ourselves at time of decision making.

 

SALIENT FEATURES: 

* Modernized Scientific Equipment to detect: a. Forged Currency (Both Indian and Foreign) b. Passport& Visa c. Demand Drafts d. Travelers' Cheques e. Credit Cards f. Major Company's Share Certificates. * Useful for institutions handling cash since it reduces the risk to the staff  concerned. * The equipment is designed to detect 100 pieces or 1000 pieces at one strike and in a few seconds. * A powerful lens is provided on the top of the machine to magnify the notes features of the currency and other materials.

THE INTELLIGENT LOOSE NOTE COUNTING MACHINE –  LNCM (UV) An ISO 9001:2008 certified passed product. The Intelligent Loose note counting machine Model Textron LNCM (UV) is very user friendly and economic loose notes counter for worldwide banknotes and all types of currencies. This Loose note counting machine is the best available machines for small & medium med ium shops, shops, markets markets,, hospita hospitals, ls, colleges colleges,, real estate estate builders builders and compani companies es for  countin coun ting g less less amount amount of cash and any type currencie currenciess in just 4 seconds seconds of 100 number  number  notes. Thee best Th best in term termss of pr price icess and user frie friendl ndly y with with ex excel celle lent nt featu feature re of UV detection and other features as presented below.

 

KEY FEATURES •

  Accepts bank notes of Rs.5, 10, 20, 50,100,500 and1000 and other worldwide

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currencies as USD, GBP, Euro, etc. Intelligent design to operate with ease and very user friendly.

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Function of fake note detection by UV inspection for checking Paper quality of  zeros currencies.

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Incomplete bank note will be detected, and audible alarm sounded

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Outer customer display for user Inbuilt machines machines dust collector collector and small desktop type

SPECIFICATIONS

Size of bank note

50x110mm, 90x185mm

Counting Speed

15-20 notes per Sec.

Digital Display

4/3 digit

Power Supply

220 V 50 Hz

Operating Power Consumption

75 Watts

Dimension

(275X260X225)mm

Weight

10 kgs. Approx.

ASTRA PAPER SHREDDER  

 

Paper shredder is simply a perfect device to manage waste, properly destroying marketing marketi ng plans, health records, other confidential information falling into wrong hands. ASTRA shredder is being marketed here along with CD shredder in it.

SALIENT FEATURES:

* Protect identity or safeguard secrets. * Power efficiency * Risk management * Power Saving

 

CCTV Camera:   Nowadays everything is at risk either to the place or the person. The client understands that security to the premise and personnel is important for smooth running of  the organization. These surveillance surveillance cameras help in crime prevention prevention thus protecting protecting the environment for the people around.

The various cameras available with us are:  

* CCTV cameras * Auto Dust Absorption * Switcher  * Digital Video recorder  * CCTV Lens * UTP Transceiver Accessories * Cable Security System, etc.  

 

OUR VALUABLE CLIENTS

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Canara bank 

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Laksmi vilas bank 

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The Indian overseas bank 

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Indian bank 

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State bank of India

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Sundaram finance group

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ABT travels

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Bajaj finance

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Aravind eye care system

 

ORGANISATIONAL CHART

 

VARIOUS DEPARTMENTS The Following are the various departments in our (Vignesh and company) Company. 

Sales Department

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Production Technology Department

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Production Control Department

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General Administration Department

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Development Department

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Manufacturing Department

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Quality Assurance Department

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Cost control Department

PRODUCTION TECHNOLOGY DEPARTMENT The members of our Production Technology Department are skilled in their work, manufacturing high precision dies in addition to placing orders to external suppliers for  special dies, as well as managing the inventory for the tens of thousands of dies that arrive at the warehouse.

Furthermore, this department designs and puts together highly efficient processing machines and carries out maintenance to ensure that the machines are always working  properly.

PRODUCTION CONTROL DEPARTMENT The Production Control Department manages the status of accepted orders and shipments, shipment s, and supports the manufacturing department department to achieve even better efficiency. In addition, this department monitors the cost of manufacture and assists with cost cutting measures.

 

There are five production sub-functions •

Production and planning.

They will set the standards and targets at each stage of the production process. The quantity and quality of products coming off a production line will be closely monitored. •

Purchasing department

This department will provide the materials, components and equipment required. An essential part of this responsibility is to ensure that stocks arrive on time and are of good quality •

The stores department

The stores department are responsible for stocking all the necessary tools, , raw materials and equipment required to service the manufacturing process. •

The design and technical support department

They are responsible for the design and testing of new product processes and product types, together with the development of prototypes through to the final product. •

The works department

This department is concerned with the manufacture of products. This will include the maintenance of the production line and other necessary repairs. The works department may also have responsibility for quality control and inspection. AIMS AND FUNCTIONS OF PRODUCTION CONTROL DEPARTMENT

Producti Prod uction on is the functio functional nal area responsi responsible ble for turning turning inputs inputs into into finished finished outputs through a series of production production processes. The Production Manager is responsible for making sure that raw materials are provided and made into finished goods effectively. He or she must make sure sure that that work work is carri carried ed out smooth smoothly ly,, and must supervis supervisee  procedures for making mak ing work more efficient and an d more enjoyable.

 

In our company the production function may be split into five sub-functions:

1. The production and planning departm department ent will set standards and targets for each section of the production process. The quantity and quality of products coming off  a production line will be closely monitored. In businesses focusing on lean production, quality will be monitored by all employees at every stage of production, rather than at the end as is the case for   businesses using a quality q uality control approach. appro ach.

2. The The purchasing depa departm rtment ent will will be responsi responsible ble for providin providing g the materi materials, als, compon com ponent entss and equipm equipment ent requi require red d to keep keep the produc producti tion on proces processs runnin running g smoothly.. A vital aspect of this role is ensuring stocks arrive on time and to the right smoothly quality.

3. The stores department will be responsible for stocking all the necessary tools, spares, raw materials and equipment required to service the manufacturing process.

Where sourcing is unreliable, buffer stocks will need to be kept and the use of  computerized stock control systems helps keep stocks at a minimal but necessary level for production to continue unhindered.

4. The design and technical support departme department nt will be responsible responsible for researching new products or modifications to existing ones, estimating costs for producing in different quantities and by using different methods. It will also be responsible responsible for the design and testing of new product processes and  product types, together with the development of prototypes through to the final  product. The technical support department may also be responsible for work study and suggestions as to how working practices can be improved.

5. The works department will be concerned with the manufacture of products. This will include the maintenance of the production line and other necessary repairs.

 

Thee works Th works depar departm tmen entt may may also also have have respon responsi sibil bilit ity y for quali quality ty contro controll and inspection. A key aspect of modern production is ensuring quality. The term quality means fitness for purpose i.e. a product, process or service should do exactly what is expected of it.

MANUFACTURING DEPARTMENT Each Manufacturing Manufacturing Section, Section, from 1-5, performs production activities that build a high degree of quality into every part by utilizing the productivity of each professional throughout the production process. Addi Ad diti tion onal ally ly,, each each Se Sect ctio ion n stri strive vess to re reac ach h mass mass pr prod oduc ucti tion on qu quic ickl kly y by coop cooper erat atin ing g with with rela relate ted d de depa part rtme ment ntss su such ch as the the Deve Develo lopm pmen entt an and d Pr Prod oduc ucti tion on Technol Tec hnology ogy Departm Department ent and the Subcont Subcontract racted ed Managem Management ent Control Control Sectio Section n which which oversees the management of orders to our partner factories. Vi Vigne gnesh sh and co comp mpany any of Manuf Manufact actur uring ing is based based on a ra range nge of spec special ializ ized ed techni tec hnique quess and in inter ter-de -depa partm rtment ental al coope cooperat ratio ion n – the the techn technolo ology gy to manuf manufac actur turee  processing machinery and dies, to create a manufacturing line, and to manage product quality, and the cooperation that organizes these into one. We achieve the perfect balance between high quality products and high efficiency.

 

MANUFACTURING LINE:

A sy syste stem m of manuf manufact actur uring ing where where high high quali quality ty produc products ts are produc produced ed wi with th maximum efficiency – in order to achieve this, the creation of a perfect manufacturing line with perfect methods and perfect machinery and equipment is indispensable. At vignesh and companies Currency machine Manufacturing, we have created a manufac man ufacturi turing ng line that that has both sophistica sophisticated ted processi processing ng capabili capability ty and a minima minimall number of manufacturing manufacturing steps, with a flexible flexible layout that can be altered according to the ever-changing state of our orders, while at the same time thoroughly analyzing the  production capacity of the processing machines and the number, materials and shapes of   products for processing. pro cessing. Furt Fu rther hermo more, re, we are are alway alwayss trying trying to impr improve ove our produ producti ctivi vity ty and quali quality, ty, through measures such as reducing the time spent on each process, and making sure our  engineers are always striving to be better at what they do.

QUALITY ASSURANCE DEPARTMENT Thee Qual Th Qualit ity y Assur Assuranc ancee Depar Departm tment ent main maintai tains ns an and d impro improve vess the quali quality ty of   products manufactured manufactu red within the co company mpany and at partner pa rtner companies so s o that no defects or  flaws occur in the processing stage, and also carries out the final product inspection for  the same purpose. This department also deals with enquiries (including any complaints) from customers.

DEVELOPMENT DEPARTMENT The Development Development Department designs the manufacturing manufacturing process and dies, and is involved in prototype production and commercial production for the development of new  products and the improvement impro vement of existing products. pro ducts.

 

This Th is de depa part rtme ment nt make makess impr improv ovem emen ents ts wher wheree ne nece cess ssar ary y an and d bu buil ilds ds the the manufacturing line to a high standard so that even higher quality products are produced in a more efficient way.

GENERAL ADMINISTRATION DEPARTMENT The role of the General Administration Department is wide-ranging and includes accounti acco unting, ng, labor, labor, personne personnel, l, health health and safety, safety, purchasi purchasing, ng, operati operating ng and managin managing g comp comput uter er sy syst stem ems, s, mana managi ging ng th thee In Inte tern rnat atio iona nall Qual Qualit ity y Stan Standa dard rd IS ISO9 O900 001, 1, the the International Internat ional Environmental Standard ISO14001 and the automotive industry-specific industry-specific quality management system standard ISO/TS16949.

FINANCE DEPARTMENT •

Book keeping procedures procedures

keeping records of the purchases and sales made by a business as well as capital spending. •

Preparing Final Accounts

Profit and loss account and Balance Sheets •

Providing management information

Managers require ongoing financial information to enable them to make

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 better decisions. Management of wages The wages section of the finance department will be responsible for  calculating the wages and salaries of employees and organizing the collection of  income tax and national insurance for the Inland Revenue.

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Raising Finance 

The finance department will also be responsible for the technical details of  how a business raises finance e.g. through loans, and the repayment of interest on that finance. In addition it will supervise the payment of dividends to shareholders.

 

COST CONTROL DEPARTMENT By the close monitoring of the projects' budget and expenditures, our Cost Control System gives a fair indication of the existence and the extent of any forecasted problems so it is monitoring and controlling controlling the problems problems during project's life cycle on time before it is too late. The System's tools are: forecasting, cost reporting, tracking & controlling, it is where we record the budget cost of a project and compare it with the actual cost (including any approved budget changes-variation), this empowers our control points on Material Requisitions & Sub-Contractors Payments Certificates. All Client's Client's payments payments are controlled, controlled, monitored monitored and updated for for all the projects through the close monitoring monitoring to the submission submission date, approval date and due date of each  payment as per the contractual contr actual terms. Our Flash Reports concentrate on spreading the cost control culture among all the staff who are involved in initiating, planning, executing and monitoring any running activities in our company, introducing a guideline for the staff of the best possible  practices, opening a healthy conversational channel between be tween junior and senior staff about ab out any critical pointed subjects, cutting the extra costs and rectify any incorrect procedure. Our Reporting System is a very powerful tool to the Top Management where they review the projects' progressive financial status which forms a fundamental base to our  overall strategic organization planning.

MARKETING DEPARTMENT Our Sales Engineers have the product knowledge and technical knowledge to be able to discuss and plan matters such as specifications, cost and completion times in detail with our customers. In order to provide products that meet the needs of our customers, our sales engineers effectively manage everything from the initial planning stage to shipment and completion.

 

These are the main section of the market departments: •

Sales department is responsible for the sales and distribution of the products to

the different regions. •

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Research & Department is responsible for market research and testing new

 products to make sure that they are suitable to be sold. Promotion department decides on the type of promotion method for the  products, arranges arrange s advertisements and th thee advertising media used. used .

•

Distribution department transports the products to the market.

 

SALES ACHEIVEMENTS

 

 

HUMAN RESOURCE DEPARTMENTS An efficiently run human resources department can provide your organization with structure and the ability to meet business needs through managing your company's most valuable resources -- its employees. There are several HR disciplines, or areas, but HR practitio practitioners ners in each discipline may perform more than one of the more than six essential functions. In small businesses without a dedicated HR department, it's possible to achieve the same level of efficiency and workforce management through outsourcing HR functions or joining a professional employer organization. Recruitment

The success of recruiters and employment specialists generally is measured by the number of positions they fill and the time it takes to fill those positions. Recruiters who work in-house -- as opposed to companies that provide recruiting and staffing services -- play a key role in developing the employer's workforce. They Th ey ad adver verti tise se jo job b posti postings ngs,, source source candi candidat dates, es, scree screen n ap appli plica cants nts,, co condu nduct ct  preliminary interviews and coordinate hiring efforts with managers responsible for  making the final selection of candidates. Safety

Workplac Work placee safety safety is an import important ant factor. factor. Under Under the Occupati Occupational onal Safety and Health Act of 1970, employers have an obligation to provide a safe working environment for employees. One of the main functions of HR is to support workplace safety training and maintain federally mandated logs for workplace injury and fatality reporting. In addition, HR safety and risk specialists often work closely with HR benefits specialists to manage the company's workers compensation issues.

 

Employee Relations

In a unionized work environment, the employee and labor relations functions of  HR may be combined and handled by one specialist or be entirely separate functions managed by two HR specialists with specific expertise in each area. Employe Emp loyeee relatio relations ns are the HR discipli discipline ne concerne concerned d with with strength strengtheni ening ng the empl em ploye oyer-e r-emp mplo loyee yee

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engagement and resolving workplace conflict. Labor relations functions may include developing management management response to union organizi orga nizing ng campai campaigns, gns, negotia negotiatin ting g collect collective ive bargain bargaining ing agreeme agreements nts and renderin rendering g interpretations of labor union contract issues. Compensation and Benefits

Like employee and labor relations, the compensation and benefits functions of HR  often can be handled by one HR specialist with dual expertise. On th thee compe compensa nsati tion on side, side, th thee HR fu funct nction ionss incl include ude setti setting ng compe compensa nsati tion on structures and evaluating competitive pay practices. A comp and benefits specialist also may negotiate group health coverage rates with insurers and coordinate activities with the retirement savings fund administrator. Payroll can be a component of the compensation and benefits section of HR; however, in many cases, employers outsource such administrative functions as payroll. Compliance

Comp Co mpli lian ance ce with with labo laborr and and empl employ oyme ment nt laws laws is a cr crit itic ical al HR fu func ncti tion on..  Noncompliance can result in workplace complaints based on unfair employment  practices, unsafe working conditions and general dissatisfaction with working conditions that can affect productivity and ultimately, profitability.

 

HR staff must be aware of federal and state employment laws such as Title VII of  the Civil Rights Act, the Fair Labor Standards Act, the National Labor Relations Act and many other rules and regulations.

TRAINING AND DEVELOPMENT Employers must provide employees with the tools necessary for their success which, in many cases, means giving new employees extensive orientation training to help them transition into a new organizational culture. Many Ma ny HR de depa part rtme ment ntss also also pr prov ovid idee lead leader ersh ship ip trai traini ning ng an and d pr prof ofes essi sion onal al devel dev elopm opment ent.. Lead Leaders ership hip tr trai ainin ning g may may be requi required red of ne newl wly y hired hired and promo promote ted d supervisorss and managers supervisor managers on topics such as performance management management and how to handle employee relations matters at the department level. Prof Profes essi sion onal al

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 promotional opportunities or employees who want to achieve personal goals such as finishing a college degree. Programs Programs such as tuition assistance assistance and tuition reimbursement reimbursement  programs often are within with in the purview of the HR training and development area.

 

INTERACTION OF DEPARTMENTS

PRODUCT DEVELOPMENT: The product (gears in this case) is developed by these three departments. The researchers gather information on new and improved materials that can be machined. Then, the new gear system is developed using complex engineer’s software such as ‘AutoCAD’. The Buttons/Gears are tested on the computer system to see if they work. The designers take the findings from the research and development development stage and fit the new gear  system to a variety of vehicles. All three departments work very closely together and meet at least on a weekly  basis. Sometimes they work in teams made up of researchers, development dev elopment managers manage rs and designers.

 

PRODUCTION:

Once a prototype gear system has been produced it is tested rigorously and the design specification is passed on to the production line.

The Manufacturing Manufacturing Manager takes over and plans mass production. He/she works closely with a number of junior managers who plan each stage of manufacture, to the smallest detail (Section Managers).

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The Manufacturing Manager has the ultimate responsibility and he/she meets section managers twice a day for updates.

Quality control is checked at all stages and any faults/errors faults/errors can usually be traced  back to the various sections of the produ production ction line.

The Manufacturing Manager will suggest improvements in design and production, through meetings with research and development managers.

MARKETING: Customer’s Custome r’s requirements are listened to at all times. Products are only developed if market research shows there is a need for them.

After a new product has been developed and manufactured market researchers follow the product through it’s ‘life cycle’ continually asking for customer information.

In this this way way in infor forma mati tion on can can be fed fed back back to Resea Research rch and Deve Develop lopme ment nt & Production Line Managers. Therefore, the product can be improved.

 

The Most competitors of our Concern as follows

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Maxsells

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Web Sec Systems

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G.B. Tech,India

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Ktron Systems

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RDS Groups

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K.T. Automation

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Cannon Electronic System

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Prompt Automation

PRICING POLICIES OF OUR CONCERN

The policy by which a company determines determines the wholesale and retail prices for its  products or services. services . Determining prices – and overall pricing strategies – is one of the toughest challenges

most businesses face. Should you be the low-price provider? Should you charge premium  prices for premium products or services? s ervices? What happens h appens if competition co mpetition enters – or leaves leave s  – your marketplace? Many business owners default to a common position: They determine what the competition charges and then try to either meet or beat those prices. Over the short term that approach can be successful, but since many customers make purchase decisions based on considerations other than price, low-cost providers sometimes struggle to attract customers who make decisions based on a comparison of   price and value.

 

To develop a pricing strategy, the first step is to gather data: •

Competitor prices and pricing strategies

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Customer perception of products and services

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Customer benefits of products and services

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Cost of producing, procuring, or generating products and services (variable costs)

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Fixed business costs (overhead)

The goal is to understand your business model and operating costs as well as the current  pricing strategies and price points in the marketplace.

BASIC PRICING METHODS

Once you have data in hand, apply one or more pricing methods to the specific  business and market: •

Cost-Plus: Production costs are determined and then a target profit margin is

applied. For example, if a product costs $10 to manufacture, and the business wants to make a 20% profit, the price is $12 per unit. •

Targeted Return: Investment costs are determined, and a targeted rate of return

is applied to deliver the required return on investment. For example, if investment cost costss are are esti estima mate ted d to be $5 pe perr un unit it,, an and d inve invest stor orss seek seek a 10 10% % re retu turn rn on

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investment, the price is $5.50 per unit. Thee va valu luee cu cust stom omer erss rece receiv ivee is calc calcul ulat ated ed an and d pr pric icin ing g is ap appl plie ied d Value: Th accordingly. For example, if a personal session with a business advisor provides the same value as a two-day seminar, the personal session could be priced at the same level (or higher if individual attention and mentoring provides an even greater value than group-based training).

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Psychology: Psychological or emotional impact is used to determine final pricing.

For example, customers customers may respond more positively positively to a product with a price of  $199.00 than to the same product priced at $200.00.

 

PRICE STRATEGY OBJECTIVES Busin Bu sines esss str strat ategi egies es can also also affec affectt pr price ice.. Ke Keep ep in mind mind each each str strat ategy egy can have have multiple effects; some positive, some negative. The company may use pricing strategies seeking to: •

Maximize Current Profits: Higher prices, at least in the short term, can help

improve overall profit margins. Of course, over time high prices may result in significantly fewer transactions and lower revenues. •

Lower er prices prices can increase increase transact transactions ions and increas increasee Maximize Maxi mize Cash Flow: Low overall revenue and boost cash flow – but possibly at the expense of profitability.

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Maximize Profit Margins: Higher prices yield higher profit margins, but could

affect the quantity of sales. •

Maximize Sales Quantity: Lower prices - or product bundles – can increase the

total number of items sold and generate discounts or rebates from suppliers or  wholesalers. Pricing strategies should also be tied to company objectives. The following are common  business goals and the th e effect on pricing: •

Servee Differen Serv Differentt Market Market Segments Segments:: "One size fits all" prices can turn away

customers custome rs at both ends of the demographic scale. For example, if a company sells a maintenance service, a standard monthly fee of $95 may be too high for small customers and too low for customers who want additional services and faster  response times. Fixed prices may not be appropriate for any customer; if that is the case, building price tiers could make sense. •

Serve Different Market Verticals: A company that sells individual products to

retail customers may decide to sell products to government government agencies interested in  bulk purchases. Different pricing strategies are necessary to take into account volume sales, delivery costs, and other factors unique to servicing government clients.

 

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Generate New Customers: Flat fee pricing often generates additional customers,

es espe peci cial ally ly if a fl flat at fee fee is pe perc rcei eive ved d as ch chea eape perr than than a la cart cartee pu purc rcha hase ses. s. Subscription and time-based purchase agreements are common ways of generating new customers.

Typical Typi cally ly a compa company ny wi will ll creat createe prici pricing ng strat strategi egies es to genera generate te new customerss at a low profit margin, and then seek to provide additional customer additional services for  additional fees.

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Exist istin ing g cu custo stome mers rs – especi especial ally ly Creat Cre atee Additi Additiona onall Sales Sales Opport Opportuni unitie ties: s: Ex satisfied existing customers – are fertile ground for additional purchases. Tiered  pricing systems sys tems for services, services , and ancillary or complementary products for existing  products are great ways to generate additional additiona l revenue per existing existin g customer.

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Minimize Credit Sales: Retail sales are based on cash (or credit card) payments

on an up-front basis. Service businesses typically bill after at least a portion of  those services have been provided, which requires the company to in effect extend credit. Some businesses develop service plans that include up-front deposits or  that require up-front payments. For example, most cable companies charge for  servic ser vices es ah ahead ead of servic servicee deli deliver very; y; th thee bill bill delive delivere red d on Septe Septemb mber er 15, for  instance, may cover the time period running from Oct. 1 to October 31. •

Minimi Min imize ze Barrie Barriers rs to Purch Purchase ase:: Ti Time me-ba -based sed prici pricing ng can make make an init initial ial

 purchase more attractive. Variable pricing is most often used for products  purchased from television televis ion direct marketers: " Three easy payments of $29.95 each!" Variable pricing can make an initial  purchase more attractive as well: a company could offer a service for a reduced rate for the first three months, with subsequent months charged at a higher rate. The goal in that case is to give a customer incentive to try a service because the  price is low, at least in the short sh ort term.

 

Keep in mind the best pricing strategies are flexible and allow a company to respond to changes in supply or demand, new competition, changes in technology, etc. Price strategies should constantly be evaluated and tested to ensure the company maximizes return on sales while meeting a variety of other goals and needs. Many companies have a significant significant opportunity to improve their top- and bottomline growth by improving their processes and execution on pricing.

As these authors point out, senior management teams must summon the analytical skills and courage to confront their reluctance about changing prices and align their   pricing more closely with the value of their products produ cts or services.

 

The Company follows the following pricing policies Competitive parity pricing:

Here, prices are set in line with those prevailing in the market especially those  price levels set by the th e industry leader. This policy is best used by new companies entering an industry in which there are well established competitors or market leaders. The new company may have no choice but follow the price set by established leaders. If it falls to follow the leader (for instance, if it sets a price that is too low) the leader may initiate a price war by setting a ridiculously low price that will rock the boat of the business of the new entrant. The flaw in this approach is clear. It does not consider changes in the firm’s own costs and demand. If production and distribution costs increase, these will not be reflected in the price charged as long as the policy is to charge the price that competing firms are charging. On the other hand, if competitors increase their prices, a competition-oriented  pricer will increase increas e his price even ev en if the production produc tion and distribution distributio n costs remain the same or have fallen. LOSS-LEADER PRICING OR PROMOTIONAL PRICING:

Here, a popular product is deliberately priced low in order to attract a large number of buyers who are expected to buy the less popular products of the firm. The very popular and the less popular products are sold together. The aim is to sell the entire product-line rather than to make a big profit on the popular product itself. Pricing policies policies and practices practices should be dynamic, dynamic, flexible, kept under review and adjusted from time to time in order to reflect and accommodate changes in costs, demand, competition, discounts, the stage in the product’s life cycle and the objectives and internal resources of the company.