Final Report
Final Report
AT
Efftronics Systems Private Ltd.
By
Institute of Management
Christ University, Bangalore
MARCH-2018
Declaration
I hereby declare that the Organization Structure Training report on Efftronics Systems Private Ltd.,
has been undertaken by me for the award of Master of Business Administration degree. I have
completed this study under the guidance of Prof. Arcot Purna Prasad.
I also declare that this Organization Structure Training report has not been submitted for the award
of any Degree, Diploma, Associate ship, Fellowship or any other title, in Christ University or in
any other university.
This is to certify that the Organization Structure Training report submitted by Mr. Murali Krishna
Vunnam is a record of work done by him during the academic year 2018-19 under my guidance
and supervision in partial fulfillment of the requirements of Master of Business Administration
degree.
I am indebted to all the people who helped me accomplish this Organisation Structure
Training successfully.
First, I thank the Vice Chancellor Dr Fr Thomas C Mathew, Christ University for giving
me the opportunity to do my project.
I thank Dr. Suniti Phadke, Dean, Prof. Sudhindra S, Associate Dean, Prof. Shrikanth Rao,
Head of the Department, Institute of Management, Christ University for their kind support.
I thank Prof. Arcot Purna Prasad for his support and guidance during my training. I
remember him with much gratitude for his patience and motivation, but for which I could not have
submitted this work.
I wish to express my sincere thanks to my corporate mentor, Mrs Spurthi Dasari, HR-
Manager, Efftronics Systems Private Ltd., for giving me an opportunity to work under her guidance
and successfully complete my training.
I thank my parents for their blessings and constant support, without which this training
would not have seen the light of day.
______Signature______________
Synopsis
Managing organization is one of the most critical aspects in management study, as it teaches us
how to enhance different organizational aspects, which can improve organization’s efficiency and
effectiveness. It is about learning how organization reacts to different scenarios and changes in the
society. As a part of the OST project, I underwent a training program at Efftronics Systems Private
Ltd., which is a big player in the manufacturing of Data Loggers for Indian Railways and a key
player in the manufacturing of LED lights for Buildings.
I extensively researched to understand the organization overview, its global presence, business and
product segments. Not only this, but I also gave my best efforts to understand the organization
environment, its procedures, policies and future growth plans with the help of the company
personnel. I have got a chance to understand organization’s culture-values and mission-vision
statements as well.
Chapter Page
TABLE OF CONTENTS
No. No.
1 INTRODUCTION TO ORGANIZATION
2 ORGANIZATION STRUCTURE
FUNCTIONAL DEPARMENTS AND ORGANIZATION
3
POLICIES
4 SWOT ANALYSIS
FINANCIAL HIGHLIGHTS AND KEY RESULT AREAS
5
OF ORGANIZATION
SIGNIFICANT FACTORS FOR SUCCESS OF THE
6 ORGANIZATION AND SYSTEM OF ACCOUNTING
FOLLOWED IN THE COMPANY
PRODUCT PROMOTIONAL MEASURES OF THE
7 ORGANIZATION & CAREER PLANNING AND
PROMOTION POLICY OF EMPLOYEE
5
Fig Page
No. LIST OF FIGURES No.
1 DATA LOGEER
8
CHAPTER 1
INTRODUCTION TO
ORGANIZATION
1.1. HISTORY OF ORGANIZATION:
The Managing Director Mr. D. Rama Krishna has started the Organization, along with his two
friends Mr. P. Venkateshwara Rao & Mr. M.V. Ramana Rao, with the name as MPD Electronics in
the year 1985. Later Mr. D. Rama Krishna renamed the company as Efftronics Systems Pvt. Ltd.
and registered it in the year 1986. It all started off as a manufacturer of Microprocessor based
Single Colour Visible LED display system by using 8085 processor at Vijayawada (Andhra
Pradesh) during 1985.
During the early period (1985-1989) Efftronics System Pvt. Ltd was engaged in manufacturing
LED Display Boards like (Single Color Display Board and Multi Color Display Boards etc.) and it
was delivering its services only to Indian Railways. Later it started delivering its services to
different other companies like (Fuel Automation System for BPCL and Stock Exchange
Automation for Vijayawada Stock Exchange etc.). Later Efftronics have introduced Data Loggers
to Indian Railways by the help of which Indian Railways was able to prevent many accidents at
railway crossings and gates. Then in 2003 it started manufacturing LED lights. As of now
Efftronics is into four different sectors like Smart Signaling, Smart Buildings, Smart Cities and IOT
Services. Company at present have 700+ employees.
Efftronics also started customer services centers at 100+ major railway stations across India. At
these centers if there are any installation issues in Data Loggers then accordingly the necessary
immediate actions were taken by Customer Service people. There is a separate team in Vijayawada
Head office the Customer Data Analysis team which takes up and rectify the problem if it is critical
and cannot be solved by the Customer Service themselves. Efftronics concepts for Smart Building
and Smart Cities sectors was also a major factor for the consistent increase in Turn Over (67 Crores
for FY2015-17 to 76 Crores for FY2016-17) year by year. In 2015 it expanded its services to Sri
Lanka Railways and Bangladesh Railways also. Efftronics Systems Private Limited (ISO
9001:2015) have achieved many milestones during its 33 years of journey from 1985.
Specifications:
Microprocessor based Embedded system.
DIGITAL INPUTS: 512 to 4096 [optically isolated] - two data loggers can be connected in
tandem to increase the capacity.
Analog inputs: 32 to 96 [individually isolated].
Non-volatile Data Storage: in Flash RAMs up to Ten (10) lakhs of events
Eight serial ports for data network.
Dot matrix printer interfacing for online/ offline data printing.
Data Speed: 57.6Kbps.
In-built dual leased line voice modem or inbuilt dual E1 converter for network
User interface: LCD and 7-Segment LED display with Keyboard
Control of potential free relay control from central place.
Optional GPRS modem connectivity, where copper cable is not available, can directly
transfer data to central place.
As of now Data Loggers Installed by Efftronics:
Unique Benefits:
1. Unconditional Warranty of 5 years.
2. 65% Power Saving.
3. Ideal Design - Designed for 24 X 7 use in Indian Climatic Conditions. Built with industrial grade
components.
4. Comfort Lighting - Glare free pleasant lighting. Vibrant colors with high CRI
5. A longer life period of more than 10 years.
6. Doorstep Service - 120+ Service centers are available all over India and with 200+ Skilled
service engineers.
Fig 3
Specifications:
Efficacy(Im/W) 80/160
Input Power 0.2-100
Hazardous Chemical 0
Electrical Ballast Needed
CRI 65-97
Lifetime(Hours) 50000
CCT 2700-8000
Dimmable (%) 0.1-100
Efficacy(Im/W) 80/160
Table 2
SMART WATER SYSTEM:
Application:
Smart Water System is used in city municipalities in Andhra Pradesh like Vijayawada and Vizag .
This system works on the supervisory monitoring and control over the distribution & operations
with Data acquisition.records, forecasts various parameters for total accountability and
effectiveness of water distribution to ensure right quality and quantity at the right time.
Fig 4
The RTU (Remote Terminal Units) system collects the date from different meters across
water distribution system and sends that date to the Internet Cloud.
From the internet cloud the date is fetched by the Gateway and send it to the control room
where the date monitoring happens.
The data is closely monitored by the Customer Data Analysis team of the Efftronics
company and the outcomes are send to the Municipality Heads for their action if required.
To ensure right quantity of water daily to the public at the right time. The parameters
monitored to achieve this objective is like Water Flow, Water Level and Duration etc.
To ensure right quality of water to be distributed daily. The parameters monitored to
achieve this objective is like pH, Turbidity and Chlorination.
To reduce cost of per unit water by reducing water losses. The parameters monitored to
achieve this objective is like Energy Consumption.
Other Products:
Digital Clocks with GPS Synchronization System.
Battery Monitoring System.
LC Gate Warning Systems for Manned Interlocked Gate.
Smart Transportation System and Smart Environment System.
VISION:
“To provide insight for enhancing wealth.”
INSIGHT- Here, it refers to the TRUTH. The vision of the company is to develop products &
solutions to the customers which provide truthful Information that can optimize & improve the
Business Process.
MISSION:
To provide Freedom of Creativity/Innovation in exploiting the potential of information
technology.
QUALITY POLICY:
"The company shall provide information technology products/services that exceed customer
expectations in their functionality, usability, reliability, performance, adaptability and support to
achieve market leadership and continual improvement of business performance"
For this ,The organization shall establish and review Quality Objectives to focus on
1.Domain expertise and Technology management for building competence.
2.Quality improvement.
3.Customer Value Creation.
4.Human Resource Development.
5.Development of Niche Products.
6.World class product and process development.
OBJECTIVES:
Identification, understanding and effective implementation of technology for development of
products / services.
ORGANIZATIONAL STRUCTURE
Fig 5
The organization’s main departments are categorized into R&D (Research and Development),
Manufacturing, Customer Support and Administration which are located among the three
building blocks of the company namely Main, CS and Admin. All these departments come
under the CEO (Chief Executive Officer). Total Strength of the organization is 775.
The R&D department consists of about 130 employees, This department is divided into
different teams based on the type of project and their profile. The teams here are Smart
Signaling, Smart Lighting, TEMC, DQA( Data Quality Assessment), IOT (Internet of Things),
PCB Layout, WCP, Mechanical, Business Dev. Plan , IT and also other products.
Some of the teams here ( Smart Signaling, Smart Lighting, TEMC, DQA, Other products,
Business Dev. Plan and IT ) are operated by vertical heads directly. These vertical heads are
the Vice Presidents of the organization.
Like in any other organization, all the sub teams (including which have vertical heads) work in
the direction of Project Managers and Asst. Project Managers ( except WCP).
The production team here is again divided into different sub teams. These are PCB
Assembling, Testing, Shop Floor and Dispatch. All these sub teams have supervisors to look
after followed by staff members (except shop floor which has only staff members).
In the same way, Quality Assurance also has different teams namely Inward, In process,
Calibration, Finished Product and Prototype. Here only In process and calibration sub teams
are managed by supervisors.
The CS division has a different design and structure when compared to other departments.This
whole department is taken care by the Chief Engineer of the organization.
It consists of two mains namely Technical Head and Administrative Manager.The different sub
teams available under both of them are F and A ,Data Analysis, Mts. And Project management
and Spares Mts. F&A and Spares Mts are taken care by Technical Head and Admin Manager
respectively and the rest two sub teams are looked after by both of them combined.All the sub-
teams here are looked after by managers, team leaders and staff members accordingly.
The administration department is divided into different sub-teams. These are GAD(General
Administration Department), Finance, Marketing, HRD(Human Resources Development),
QMS(Quality Management System), and SYS admin. Apart from these, the vertical head also
takes care of some other teams with the help of a manager.
Here, the GAD,Finance, QMS teams are operated with the help of managers. A few members
work under the general managers respectively. QMS works in order to improve the
efficiency,productivity of their processes and also to introduce cost saving methods.
The marketing division is again divided into different groups. These groups are Sales, EMD
(Exact Match Domain) and LMD (Land Marketing Department). All these groups are taken
care by either managers or executive managers. Under these managers, executives and
coordinators work in the same level.
The HR Department is also again divided into two different sub-teams namely Recruitment and
PMC(Project Management Consultants). Both these sub-teams are run by separate managers
and executives and coordinators will be working at the same level.
The SYS admin consists of a set of administrators who work under a manager and assistant
manager. The duty of this team is to install and configure software, hardware and networks
and also to monitor system performance and troubleshoot issues.
The Vertical Head, with the help of a single manager operates different sub-teams like EAC,
HR General and House Keeping. Supervisors, Technicians and Staff members work
accordingly here.
CHAPTER 3
Inventory
A company's inventory is the goods owned for sale. Inventory is usually sold within a financial
year. Finance department watches the cost of inventory over a specific period against its revenues
to ensure that the cost of raw materials, labor and overhead do not negatively impact cash flow. The
payments that need to pay to vendors are done through finance department as and when required so
that there will not be any disturbance in the production cycle which will affect the turnover of the
company indirectly or directly.
Fixed Assets
To function effectively, a company may need machinery, equipment, vehicles and other fixed
assets it uses over several years. The Finance department is responsible for recording fixed assets
on a balance sheet with depreciation as the years pass by. Fixed assets could be intangible--such as
goodwill or a trademark or tangible--such as machinery. As the company needs an upgrade to
remain competitive, its financial statements will determine how well the company is progressing.
Preparing Profit and loss accounts
The major function of Finance department is to close the book of accounts on monthly basis and to
the prepare Profit and loss accounts. Finance department generally closes the book of accounts by
March 31st. Then the Final Annual Report for the financial year is prepared by the Finance
Department. Finance department makes sure all the statutory requirements are being met and there
is zero noncompliance.
Scope: To all the Employees and the Trainees of the organization (to whom stipend is paid)
Procedure:
Every employee will be entitled to take following leaves:
1. Casual Leave
2. Earned Leave
3. Sick Leave
4. Compensatory OFF
5. OD-Off
6. LOP
7. ESI Leave
8. Maternity Leave
9. Long Leave
Type of Leave Minimum Maximum
CL 0.5 2.5
EL 3 A/C Balance
SL 3 A/C Balance
OD OFF 0.5 1
Comp. OFF 0.5 2.5
Table 3
EMPLOYEE TRAINING POLICY:
Objective: To equip employees with necessary skills, knowledge and attitudes to meet the
organization's needs in relation to its objectives and to eliminate deprivation to the organization
which causes through non-utilization of acquired training by an employee due to his/her relieving
from duties.
Scope: Applicable to all employees of Efftronics Systems Pvt Ltd.
Procedure: HRD-PMC shall evaluate the training program by considering following parameters to
decide on nominating employees As per the cost of the training the employee need to serve the
bond period after the training is completed.
1) Necessity of programme
2) Cost, Content
SWOT ANALYSIS
Concept Definition:
SWOT analysis is generally performed to identify and categorize the internal and external
factors. Strengths and weaknesses in SWOT analysis are called as internal factors while
opportunities and threats are termed as external factors.
SWOT Analysis can be conducted for a situation, an organization, a project, a new venture, a
country, a nation and even individuals.
This will help organizations in their strategic planning process, and in matching their
capabilities and resources to the competitive environment in which it carries out its operations.
The SWOT analysis definition takes into consideration the weaknesses and strengths of the
organization along with the threats and opportunities it faces in the external environment.
Based on these factors, the company determines its future course of action, combining its
strengths with imminent opportunities while trying to overcome weaknesses and combat threats.
An organization may also perform SWOT analysis for identifying whether the venture/project
it is about to undertake is feasible and worth investing in or not. It is only after the project’s
strengths and opportunities are outweighing the inherited weaknesses and threats that the
project or venture will be undertaken and invested in.
STRENGTHS :
30+ years of Product Expertise - Besides having a great product knowledge, the company
engineers also have a huge experience in product expertise (w.r.t the number of years) . They
also train their team in such a way to make them understand how the products affect different
kind of customers far beyond pure features and benefits.This is helping them in the increase of
their sales to a greater extent.
100+ R&D Engineers - At any point of time, there are about 130 employees present in the
R&D department.All of them here are fully focused. They identify and solve complex technical
problems and carry out ground breaking research in relevant areas.The seniors help the newly
recruited engineers through knowledge sharing sessions.This is resulting in increasing job
performance and also job satisfaction to all of them.
Unique Variety of Softwares and Projects - Over 30 years in the embedded development
industry has enabled the company to amass an enormous family of customers, partners and
Value Added Resellers (VARs). They want to become the worldwide market leader of its kind.
They believe that the extensive functionality and possibilities of their embedded products and
software will make every potential customer decide to choose our products. Some of their
clients are Indian Railways, Siemens, Ircon International etc.
Employee Welfare Benefits - A variety of rewards and recognitions are provided for the
employees performing with excellent efficiency in the form of bonuses. This is helping the
company to maintain healthy relationships with the employees. Different policies like Gym
policy ( where the employees can have access to an outdoor gym) Maternity policy for women
( where a women can avail a leave of 5-6 months ) are also running successfully. A free
medical checkup is also provided for the employees.
Regular Productivity Analysis - Weekly meetings are held by the managers of different
teams separately with the help of vertical heads. Different aspects like growing trends in the
latest industry, percentage of work done by the employees , expected outcome and efficiency
are discussed. Every body gets a chance to express their views and their reports are submitted.
This is helping them to reach their targets on time.
WEAKNESS:
High Employee Turnover Rate - This can be simply defined as the number of people
leaving the organization during a certain period of time. Out of the other reasons for employee
turnover, voluntary resignations is found out to be the major one. Because of the scheduled
shift timings, strict rules ( A late of 1 min is also not accepted ) the employees are unable to
create work-life balance. Workers with less adequate skills are also reported to leave the
organization.
Limited Market Share - This is found out to be the major drawback of the company. With
less influence of the brand and a limited market share , the company is unable to reach its
financial targets in successive financial years. But over the past two years, its financial figures
have gone up tremendously.’
Lack of Advertising - With a huge number of competitors in the same field, the company is
still yet to start its advertising.Through this way there are high chances that the brand name
reaches to a larger section of people and they will get to know about their products.
OPPORTUNITIES:
New Market Segments - They have recently entered into the field of Smart Cities. This is
a huge opportunity for them to bring in new ideas here. With less competition in this field (as
of now) , proper planning and working on this area will give them good results in terms of
financial growth , brand value growth and also recognition.
Expansion In Other Countries - They have started installing data logger systems in
Bangladesh and SriLanka. This will be a very good initiation for them to expand their market
in other countries. After a couple of years , they are also planning to install their products in
other surrounding countries like Nepal and Bhutan.
IoT Managed Services - Partnering with various industries in order to provide various IoT
solutions is their major opportunity as of now. They are trying to capture business moments in
and rigorously working on agile development. The company is also planning to co -work with
some of the industries like Nokia, Tech Mahindra and Oracle.
THREATS:
Available of Duplicate Goods – As they have recently entered into the market of led lights, the
availability of a variety of duplicate goods is a worry for them. According to the company’s
studies, it is having a large impact on their sales.
CHAPTER 5
TURNOVER: The turnover of the company is getting increasing year by year that was a
key motivating factor for the employees and management. This turnover increase will
increase the company profit and indirectly the employee will get benefited in the form of
bonus.
MANAGEMENT: The management of the company will play a key role in decision
making which will have an indirect impact on the overall organization. Efftronics Systems
Private Limited has Vice-President for every wing. They will be helping the Managing
Direction and CEO of the company in taking important decision related to company.
CHAPTER 6
Fig 6
CHAPTER 7
PRODUCT PROMOTIONAL
MEASURES OF THE
ORGANIZATION & CAREER
PLANNING & PROMOTIONAL
POLICY OF EMPLOYEES
7.1. PRODUCT PROMOTIONAL MEASURES OF THE ORGANIZATION:
The organization is participating in all the International and National level conferences and
summits that deal with the topics like IOT and Smart Cities. So that they can get to know
the new technology in the market which other competitor companies are following in those
sectors and along the Business Development Team projects the technologies that they are
following and the products they are manufacturing so that their products get promotion at
national and international levels.
They participated in IOT 2nd Expo conducted on March 2018 at Pragati Midan, Delhi, it
took part in Smart City Expo conducted on May 2017 at Pragati Midan, Delhi and it also
participated at CII (Confederation of Indian Industry) meeting in recent times.
They are advertising goods related to Smart Buildings (LED’s) in newspapers and National
Journal’s.
In Twitter and Linked In they are promoting devices related to Smart Cities and Smart
Buildings so that it reaches maximum people.
In Amazon (E-commerce website) they are selling products like LED lights so that they can
reach a large sector of people.
5 years unconditional warranty is any promotion factors due to which the sales of LED’s is
increasing year by year. The Quote they promote “We sell light not lights” has got good
reach in local market.
They are having promotion banners in side few Taj-Hotels also. As the cost is a bit high for
their products so they want to target the Upper-class people with the advertising techniques.
Vice President
Executive Manager
Senior Manager
Manager/Product Manager
Executive/Engineer/Supervisor
Associate/Technician
Trainee
Table 6
This promotion is not done on the experience basis so if someone is not performing well
even though he is having high experience he will not be promoted.
Depending on the requirement and the availability of the resources this promotion in band
happens.
Management decision is final with respective to promotions and de promotions. If they find
the employee is not fit for the new position they will give him 3 months’ time to improve
and if he does not improve he will be de promoted.
Promotion of levels for employees is clearly mentioned as seen in Table 6. The employee
depending on the designation he/she is having at will be present will be promoted to the
immediate next level.
CHAPTER 8
The System followed for purchasing of material in Efftronics System Private Limited is Just
in Time (JIT).
Just-in-time (JIT) manufacturing, also known as just-in-time production or the Toyota
Production System (TPS), is a methodology aimed primarily at reducing flow times within
production system as well as response times from suppliers and to customers. Its origin and
developments were done in Japan, largely in the 1960s and 1970s and particularly at
Toyota.
The raw material for production at Efftronics is not purchased in huge number and they are
not stored in warehouse. They order the raw material as and when required for production
department. So, the storage space cost and transportation cost of raw material from
warehouse to production unit will not be burden to the company and it is a way of cost
cutting.
According to JIT, if the replenishment cycle time is shortened, the number of products to
replenish will be reduced and there will be fewer inventories held for a long time. Also, the
time that raw materials and work-in-process items are held in the factory, i.e. the lead time,
will shorten.
This JIT operation is designed as the automatic nervous system that reacts to information
called "Kanban" issued from previous processes to later processes every minute. As the
reactions of the automatic nervous system are transmitted to the muscles and the muscles
create movements, without giving information to the brain, suspension and resumption of
operations are done by mutual dependence through the sharing of information amongst the
various members.
As this production system evolves, the system then shifts from "one-by-one production" to
"flow production".
Furthermore, as the capacity of the operations increases for each process then
synchronization amongst operations takes place during the process from prototype
production to mass production.
Lean Production, often simply "lean", is a systematic method for waste minimization within
a manufacturing system without sacrificing productivity. Lean also considers waste created
through overburden and waste created through unevenness in workloads working from the
perspective of the client who consumes a product or service, "value" is any action or
process that a customer would be willing to pay for.
For achieving this Lean Production, Efftronics uses Just in Time (JIT) and 5S methods.
Using these two methods have shown fruitful results for the organization fast few years.
CHAPTER 9
Since 1985, the establishment of the organization the company was keen in employee
welfare activities.
It offers all its employees Morning Breakfast, Lunch and Evening snacks at subsidized
prices. Per a day if the person pays Rupees Thirty he/she can avail all the three facilities.
There are two Doctors available in the office all day the consultation for all the employees
is completely free of cost.
There will be complete body medical tests conducted for each employee free of cost.
The Employee Provident Fund is applicable to all employees in the organization for which
the employee contribution (12% of base salary) + employers contribution (12% of base
salary).
ESI (Employee State Insurance):
The employee who are having salary less than Rs. 21,000 are eligible of this ESI for which
the employer pays (4.75% base pay) + employee pays (1.75% base pay). This is a central
and state collaborated scheme.
There will be separate ESI hospitals for every zone. So, in this scheme the employee parents
are also covered for health insurance.
CHAPTER 10
PERFORMANCE APPRISAL
SYSTEM & FUTURE PLANS FOR
GROWTH OF THE ORGANIZATION
10.1. PERFORMANCE APPRISAL SYATEM:
Every Financial Year there will be performance assessment and the according to the out
puts from this there will be pay scale revision.
The employee must fill an online form claiming his rating for different factors mentioned in
the appraisal form and then this immediate manager will mention his comments on the
factors and give his rating.
Then if there are huge differences between the employee rating and manger rating. Then
Department HR or Line HR will conduct separate discussion with the employee and his
manager and then finalize the ratings.
In promotion process also, this performance appraisal will play a key role. The employee
consistency will be checked before promotion.
There will be significant marks for KRA, Character and Quality independently as required
for the job role. There will marks from 1 to 5 for all the above mentioned factors.
Many other factors like Volume of work done, Responsibility for work, Learning Attitude,
Appearance, Consistency of work and how regular is he to office etc. are measured and
rating like good, fair and bad are given.
The Productivity analysis is done on a regular basis and that detailed report will be
reviewed by the HR team.
If the employee productivity is bad/poor he need to attend some training provided by the
company and a time of 3 to 6 months’ will be given and if they do improve they will
continue in the organization otherwise they will be asked to leave.
VIEWS OF MANAGERS AT
VARIOUS LEVELS AND NON-
MANAGERIAL STAFF
11. VIEWS OF MANAGERS AT DIFFERENT LEVELS AND NON-
MANAGERIAL STAFF:
HR-Department:
The type of Organization structure in Efftronics System Private Limited is Functional.
As the location of the office is in Vijayawada a non-metro city so finding a qualitative
resource is becoming difficult. In metros as there will more options to switch the talented
resources are prefer metro cities.
Finance-Department:
The Financial statements like Balance Sheet and Profit/Loss statements of the organization
are made as per the Companies Act 2013.
The Annual Accounts will be audited by a Charted Accountant.
Production-Department:
The type of acquiring raw material is Just in Time method. The Production followed is Lean
Production system in Efftronics System Private Limited.
As and when required out-sourced employees are taken for production teams. Mostly during
the last quarter of the Financial Year.
R&D-Department:
The R&D Department takes care of using the new techniques and technologies to develop
best products and services to the clients.
Marketing-Department:
The clients are given demos and at times few products like LED lights and Battery
Monitoring Units are installed for a trail period of 20-30 days for free of cost to gain the
required confidence.
Logistics-Department:
At few times the product manufacturing and packaging may be delayed due to many
reasons. So, at that time the logistics teams need to plan according the way of transport so
that the product delivery is not delayed.
CHAPTER 12