Final year BBA(H) Study Paper on

“PERFORMANCE APPRAISAL SYSTEM IN COAL INDIA PVT. LTD.”

Submitted By :-

GROUP MEMEBERS

NAME ROLL NUMBER

SHOUNOK MUKHERJEE 15405015044

SURYANI BANERJEE 15405015060

Stream : BBA(H)

Year : 3

rd

Semester : 6

th

Session : 2015-2018

College – DINABANDHU ANDREWS INSTITIUTE OF TECHNOLOGY AND

MANAGEMENT

University – MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY WEST

BENGAL

Acknowledgement

“Acknowledging the debt is not easy for us as we are indebted to so many people” I take this opportunity in expressing the fact that this project report is the result of incredible amount of encouragement, co-operation and moral support that I have received from others. Words alone cannot express my deep sense of gratitude to MRS.

ANWESHA MUKHERJEE who provided me an opportunity to do a project on : “PERFORMANCE APPRAISAL SYSTEM IN COAL INDIA PVT. LTD.” . Her valuable guidance and support made this project work an enlighten educational experience . Her consistent support and co-operation showed the way towards the successful completion of the project. I would like to express my deep sense of gratitude to all the members who directly or indirectly helped me during my project work.

CONTENTS

INTRODUCTION

OBJECTIVE

COMPANY PROFILE

RESEARCH METHODS

FINDINGS

CONCLUSION

BIBLIOGRAPHY

INTRODUCTION

Understanding :

Performance Appraisal is the systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development. Performance appraisal is generally done in systematic ways which are as follows:

1. The supervisors measure the pay of employees and compare it with targets and plans. 2. The supervisor analyses the factors behind work performances of employees. 3. The employers are in position to guide the employees for a better performance.

Objectives of Performance Appraisal :

Performance Appraisal can be done with following objectives in mind:

1. To maintain records in order to determine compensation packages, wage structure, salaries raises, etc. 2. To identify the strengths and weaknesses of employees to place right men on right job. 3. To maintain and assess the potential present in a person for further growth and development. 4. To provide a feedback to employees regarding their performance and related status. 5. To provide a feedback to employees regarding their performance and related status. 6. It serves as a basis for influencing working habits of the employees. 7. To review and retain the promotional and other training programmes.

Benefits of Performance Appraisal :

It is said that performance appraisal is an investment for the company which can be justified by following advantages:

1. Promotion: Performance Appraisal helps the supervisors to chalk out the promotion programmes for

efficient employees. In this regards, inefficient workers can be dismissed or demoted in case. 2. Compensation: Performance Appraisal helps in chalking out compensation packages for employees. Merit

rating is possible through performance appraisal. Performance Appraisal tries to give worth to a performance. Compensation packages which includes bonus, high salary rates, extra benefits, allowances and pre-requisites are dependent on performance appraisal. The criteria should be merit rather than seniority.

3. Employees Development: The systematic procedure of performance appraisal helps the supervisors to

frame training policies and programmes. It helps to analyse strengths and weaknesses of employees so that new jobs can be designed for efficient employees. It also helps in framing future development programmes.

4. Selection Validation: Performance Appraisal helps the supervisors to understand the validity and

importance of the selection procedure. The supervisors come to know the validity and thereby the strengths and weaknesses of selection procedure. Future changes in selection methods can be made in this regard.

5. Communication: For an organization, effective communication between employees and employers is very

important. Through performance appraisal, communication can be sought for in the following ways: a. Through performance appraisal, the employers can understand and accept skills of subordinates. b. The subordinates can also understand and create a trust and confidence in superiors. c. It also helps in maintaining cordial and congenial labour management relationship. d. It develops the spirit of work and boosts the morale of employees.

All the above factors ensure effective communication.

6. Motivation: Performance appraisal serves as a motivation tool. Through evaluating performance of

employees, a person’s efficiency can be determined if the targets are achieved. This very well motivates a person for better job and helps him to improve his performance in the future.

METHODS

Following are the tools used by the organizations for Performance Appraisals of their employees.

1. Ranking

2. Paired Comparison

3. Forced Distribution

4. Confidential Report

5. Essay Evaluation

6. Critical Incident

7. Checklists

8. Graphic Rating Scale

9. BARS

10. Forced Choice Method

11. MBO

12. Field Review Technique

OBJECTIVES

The objectives backing this process of completion of this project consists of

understanding the scenario, finding out its benefits, the methods that are being taken

under consideration and are being used.

The information regarding company profile , their mission , their prolonged vision, the

products that they produce for the customers , the services that they provide , their main

location of operation , etc.

The research methods that are being used by the company, the sources from which they

are being backed up etc.

These are the summarized description of the objectives we are looking for in this project

and by rigorous scanning through various information sources we strive to achieve it.

COMPANY PROFILE

LOGO

ABOUT US

India’s Energy Scenario & Coal

India is currently among the top three fastest growing economies of the world. As a natural corollary India's energy needs too are fast expanding with its increased industrialization and capacity addition in Power generation. This is where 'Coal' steps in. In India coal is the critical input for major infrastructure industries like Power, Steel and Cement.

Coal is the most dominant energy source in India's energy scenario.

Coal meets around 55% of primary commercial energy needs in India against

29% the world over.

Around 70% of India's power generation is coal based.

India is the 3rd largest coal producing country in the world after China and

USA.

Coal India Limited at a glance

Coal India Limited (CIL) as an organized state owned coal mining corporate

came into being in November 1975 with the government taking over

private coal mines. With a modest production of 79 Million Tonnes (Mt) at

the year of its inception CIL today is the single largest coal producer in the

world. Operating through 82 mining areas CIL is an apex body with 7

wholly owned coal producing subsidiaries and 1 mine planning and

consultancy company spread over 8 provincial states of India. CIL also fully

owns a mining company in Mozambique christened as 'Coal India Africana

Limitada'. CIL also manages 200 other establishments like workshops,

hospitals etc. Further, it also owns 26 technical & management training

institutes and 102 Vocational Training Institutes Centres. Indian Institute of

Coal Management (IICM) as a state-of-the-art Management Training

'Centre of Excellence' - the largest Corporate Training Institute in India -

operates under CIL and conducts multi-disciplinary management

development programmes.

MISSION

To produce and market the planned quantity of coal and coal products

efficiently and economically in an eco-friendly manner with due regard to

safety, conservation and quality.

VISSION

To emerge as a global player in the primary energy sector committed to

provide energy security to the country by attaining environmentally &

socially sustainable growth through best practices from mine to market.

Products & Services

COKING COAL :

These coals, when heated in the absence of air, form coherent beads, free from volatiles, with strong and porous mass, called coke.

These have coking properties

Mainly used in steel making and metallurgical industries

Also used for hard coke manufacturing

SEMI COKING COAL :

These coals, when heated in the absence of air, form coherent beads not strong enough to be directly fed into the blast furnace. Such coals are blended with coking coal in adequate proportion to make coke. These have comparatively less coking properties than coking coal

Mainly used as blend-able coal in steel making, merchant coke

manufacturing and other metallurgical industries

NON-COKING COAL :

These are coals without coking properties. Mainly used as thermal grade coal for power generation

Also used for cement, fertilizer, glass, ceramic, paper, chemical and brick

manufacturing, and for other heating purposes

WASHED AND BENEFICIATED COAL:

These coals have undergone the process of coal washing or coal beneficiation, resulting in value addition of coal due to reduction in ash percentage. Used in manufacturing of hard coke for steel making

Beneficiated and washed non-coking coal is used mainly for power

generation

Beneficiated non-coking coal is used by cement, sponge iron and other

industrial plants

MIDDLINGS :

Middlings are by-products of the three stage coal washing / beneficiation process, as a fraction of feed raw coal. Used for power generation

Also used by domestic fuel plants, brick manufacturing units, cement plants,

industrial plants, etc.

REJECTS :

Rejects are the products of coal beneficiation process after separation of cleans and / or middling’s, as a fraction of feed raw coal. Used for Fluidized Bed Combustion (FBC) Boilers for power generation,

road repairs, briquette (domestic fuel) making, land filling, etc.

CIL COKE / LTC COKE :

CIL Coke / LTC Coke is a smokeless, environment friendly product of the Dankuni Coal Complex, obtained through low temperature carbonization. Used in furnaces and kilns of industrial units

Also used as domestic fuel by halwais, hotels, etc.

COAL FINES / COKE FINES :

These are the screened fractions of feed raw coal and LTC coke / CIL Coke respectively, obtained from the Dankuni Coal Complex and other coke oven plants. Used in industrial furnaces as well as for domestic purposes

TAR / HEAVY OIL / LIGHT OIL / SOFT PITCH :

These are products from Dankuni Coal Complex using low temperature carbonization of non-coking coal in vertical retorts. Used in furnaces and boilers of industrial plants as well as power houses, oil,

dye, pharmaceutical industries, etc.

LOCATION OF OPERATION

Corporate Offices

COAL INDIA LIMITED HEAD OFFICE Coal Bhawan Premise No-04 MAR, Plot No-AF-III,Action Area-1A, Newtown,Rajarhat,Kolkata-700156 Web: www.coalindia.in, www.coalindia.co.in Internal Complaints Committee (for prevention of sexual harassment at work place)

NEW DELHI 5th Floor, Core-I & II, Scope Minar Laxmi Nagar District Centre Laxmi Nagar, New Delhi 110092, India Tel: +91-11-22018457

RESEARCH METHODS

DATA COLLECTION THROUGH SECONDARY SOURCES :

These data were collected from the following -

A STUDY ON FINANCIAL AND PROFITABILITY ANALYSIS OF COAL INDIA

AND ITS SUBSIDIARIES HARPREET KAUR ASSISTANT PROFESSOR P.G .DEPARTMENT OF COMMERCE MATA GUJRI COLLEGE FATEHGARH SAHIB

FINDINGS :-

Few examples of the study that has been done in this paper are mentioned below :-

Scope of study:

The study relates CIL and its subsidiary companies. It covers the period from 2013-2014 to

2014-2015.

Source of data: The data has been collected from secondary sources. The data has been collected

from annual reports of CIL and its subsidiary companies .

Statistical tool: The statistical tool like average and trend analysis has been applied for the study.

LIMITATION OF THE STUDY

The limitations of the study are:

1. The study is based on the secondary data and the limitation of using secondary data may affect

the results.

2. The secondary data was taken from the annual reports of the CIL and its subsidiary

companies. It may be possible that the data shown in the annual reports may be window dressed

which does not show the actual financial position of these companies.

FINANCIAL ANALYSIS OF CIL AND ITS SUBSIDIARY TABLE1. NET PROFIT (IN CRORE)

Source: Annual Reports of the CIL and its subsidiary companies

2013- 2014- Percentage

COMPANIES 2014 2015 change

CIL 15112 13727 -9.16

ECL 1299.28 1782.41 37.18

BCCL 2089.01 1154.22 -44.75

CCL 2525.87 2740.34 8.49

SECL 7202.68 5659.54 -21.42

WCL 326 546 67.48

NCL 9303.88 9452.58 1.60

AVERAGE 5408.38 5008.87

Table1. Shows net profit of CIL and its subsidiary companies. The net profit trend goes

upward direction of companies except CIL, BCCL and SECL in 2014-15. It reveals that the

net profit of CIL decreased from 15112 crore in 2013-14 to 13727 crore in 2014-15 and

registering a negative annual growth rate of -9.16per cent and mean value was 5408.38 in

2013-14 to 5008.87 in 2014-15.Higher Net profit of WCL 67.48 percent in 2014-15.

TABLE 2

2013- 2014- Percentage

COMPANIES 2014 2015 change

CIL 462.422 494.238 6.88

ECL 36.054 40.008 10.97

BCCL 32.61 34.51 5.83

CCL 50.022 55.652 11.25

SECL 124.26 128.28 3.23

WCL 41.147 39.729 -3.45

NCL 68.64 72.48 5.59

AVERAGE 116.45 123.56

The table 2 exhibit the production trends of CIL and its subsidiary companies during the study

period. The production trend goes upward direction of all companies except WCL 2014-15. It reveals

that the total production of CIL increased from 462.422MT in 2013-14 to 494.238 MT in 2014-15

and registering a compound annual growth rate of 6.88 per cent and mean value was 116.45MT over

the study period.

TABLE 3

2013- 2014- Percentage

COMPANIES 2014 2015 change

CIL 89217 95435 6.97

ECL 11945.92 13413.84 12.29

BCCL 10099.92 9947.01 -1.51

CCL 10514.5 11805.7 12.28

SECL 22204.14 22004.53 -0.89

WCL 8564 9653 12.71

NCL 9303.88 9452.58 1.59

AVERAGE 23121.34 24530.24

The TABLE 3 shows highest sales growth in WCL and ECL increased from 8564 crore

and 11945 crore in 2013-14 to 9653crore and 13413 crore in 2014-15 and registering a

annual growth rate of 12.71 and 12.29 per cent and mean value was increase from

23121.34 crore to 24530.24over the study period.

These are the few examples of the DATA COLLECTION THROUGH SECONDARY

SOURCES such as JOURNAL and a STUDY PAPER in this case .

ANALYSIS :

The objectives backing this process of completion of this project consists of :

1. Understanding the scenario

2. Finding out its benefits,

3. The methods that are being taken under consideration and are being used

4. The information regarding company profile

5. Their mission

6. Their prolonged vision

7. The products that they produce for the customers

8. The services that they provide

9. Their main location of operation

10. The research methods that are being used by the company

11. The sources from which they are being backed up .

CONCLUSION

Thus hereby , I conclude my study paper after providing all the

data that has been collected by me and my team member

respectively and compiling them altogether in order to comprise

and summarize this project paper on PERFORMANCE

APPRAISAL SYSTEM IN COAL INDIA PVT. LTD .

BIBLIOGRAPHY

The information’s and data that has been used to comprise

this study paper , has been collected from the following

sources :-

https://www.wikipedia.org/

https://www.coalindia.in/

http://www.iracst.org/

IRACST – International Journal of Commerce, Business and Management

(IJCBM), ISSN: 2319–2828 Vol. 4, No.6, December 2015.

Annual reports of Coal India Limited (CIL) from 2013-14 to 2014- 2015 .

Shashi k. Gupta and R.K Sharma Management Accounting , Kalyani publishers .