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Submitted To
Dr. Manjur Morshed MahmudProfessor
Department of Accounting & Information Systems
University of Chittagong
Chittagong.
Submitted ByA.S.M Mezbah Uddin
Program: BBA
Class Roll:4503
Exam Roll:2004 / 61
Session: 2003-2004
Reg No.-1393Dept. of AIS
University of Chittagong.
Submission date : Monday, August 31, 2009
LETTER OF SUBMISSION
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Date: 31st August, 2009.
Dr. Monjur Morshed Mahmud.
Professor,
Department of Accounting & Information Systems,
University of Chittagong.
Subject: Solicitation for acceptance of the Industrial Tour Report.
Dear Sir,
I have pleasure in forwarding my Industrial Tour report on T. K Chemical
Complex LTD. That have assigned me to prepare as the analytical requirement of
my BBA (4th Year) course under the Department of Accounting & Information
Systems, C.U. During preparing my report, I have learnt many interesting things
about the total management system of industry. I have tried my level best to be
conclusive & terse while preparing the report. My intention was never directed to
undermine anyone concerned.
I sincerely hope that you would be kind enough to accept my tour report for
evaluation and thus oblige.
Sincerely yours;
A. S. M Mezbah Uddin.
Exam. Roll No.-2004/61, Class Roll:4503.
Session: 2003/2004.
Department of Accounting & Information Systems,
University of Chittagong.
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Preface
The Industrial Tour is a program that is essential for gathering
practical knowledge, because practical knowledge has no
alternative. A perfect co-ordination between through and practice
is of paramount importance in the context of the modern business
world. In order to resole the dichotomy between these two areas,
the department of Accounting and Information Systems of
University of Chittagong arranges Industrial Tour Program a
practical complication of final examination B.B.A. course. This
program is very important to complete his/ her B.B.A. course.
Industrial program brings students closer to the business practical
and thereby help them to substantiate knowledge so that they
can prepare themselves to start a successful career.
As the student of Business Faculty, I got the adventurous though
of the program under our department of Accounting & Information
Systems. The program intends to provide practical training in
handling of managing jobs as well as integrate the knowledge of
financial analysis, formulas, frameworks and models.
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ACKNOWLEDGEMENT
I have the immense pleasure and sat isfaction in present ing report ,
which is termination of my project works at T. K. Chemical Complex
Ltd.
The success of this report depends on the contribution of many people,
especially those who spare time to share their mindfully art of judging
of merits and faults and have given valuable suggestions. From the
very outset I would especially like to extend thank to my departmental
guide honorable teacher Professor Dr. Monjur Morshed Mahmud ,
Department of Account ing & Information Systems, Universi ty of
Chi ttagong whose inspirat ion and considerat ion during the ent ire
program made it possible to prepare this report.
I would like to extend my thanks to the contributors of generous help
from whom I have received much information about T.K. Chemical
Complex Ltd.
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TABLE OF CONTENTS
SL
NO.
TOPICS PAGE NO.
1 INTRODUCTION 6
2 SCOPE AND METHODOLOGY OF THE
STUDY
7
3 OBJECTIVES OF THE STUDY 8
4 LIMITATIONS OF THE STUDY 9
5 T. K Chemical COmplex AT A GLANCE 10
5 GENERAL INFORMATION OF PAPER UNIT 12
6 MANAGEMENT STRUCTURE OF
THE ORGANIZATION
13
7 CAPITAL INTIAL 14
8 ANNUAL SALE 14
9 ANNUAL PROFIT 14
10 ORGANIZATION OBJECTIVES OF
PAPER
16
11 BUDGETARY SYSTEM 17
12 HRM PRACTICE 21
13 EVALUTION 2214 TRANSPORTAION 22
15 ADVERTISMENT 23
15 SALES TARGET 23
16 DUTIES AND TAXES 23
17 HURDLE FACING IN MARKETING 23
18 EXPENDING MARKET 24
19 MARKETING PROBLEM 24
8 MANAGERIAL PRACTICES 25
11 FINANCIAL MANAGEMENT 27
12 FINANCIAL ANALYSIS 27
13 RECOMMENDATION 31
14 CONCLUSION 32
15 REFERENCES 33
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Introduction
The Term Industrial Tour refers to a report on some industry visiting them physically, observing
their process of production/ operation, and gathering relevant data from the management
personnel, analyzing & evaluating the findings & drawing comments on the performance of thesample enterprises. As a part of 4th year BBA Program, I have visited T.K Chemical complex
Ltd. & reported on the performance of the company.
Performance means accomplishment of an expected course of action. Management makes efforts
to steer the organization towards destination.
Evaluation is the process of identifying the financial strengths and weakness of the company.Performance Measurement of a company has been the subject matter of decision to planners,
administrators, managers, Economist and academicians since long. There is a need for
comprehensive consideration company so that their performance can be objectively evaluated. We
have emphasized the promotional and marketing activities of this company.
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METHODOLOGY OF THE STUDYThis report is prepared on the basis of the practical experience gained during the period
of industrial tour. The information has been collected from primary sources as well
as secondary sources. I prepared a questionnaire submitted to the management of
the company, which helped a lot to get much quantitative data
Primary Sources:
Group discussion with companys management officials ranks from low to top level.
Questionnaire submitted to the management of the company.
Primary information related to distribution has been colleted from the sales department
of the company.
Practical experience gained by visiting the factory and the related departments.
By holding long conversation with responsible executives of different departments.
Secondary Sources:
Secondary information has been collected from the literature; articles, journals, paper
and different textbooks are also used when textbook related data is required to
quote.
Handbill provided by the company while making industrial tour.
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OBJECTIVES OF THE STUDY
The main objective of the study is to evaluate the management, production,
marketing, accounting, financial principles as well as overall performance of the
T.K. Chemical Complex Ltd. More specifically, the study covers the following
objectives.
To know about the company profile;
To have an idea about their purchase policy;
To attain information about their marketing policies and practices;
To gain knowledge about their quality policy and assess their conformance;
To gather information about their financial performance;
To measure their productivity;
To measure the impact of productivity on the performance measured through
profitability;
To evaluate the role of T.K. Chemical Complex Ltd in the creation of
employment
To examine the shortcomings and suggest possible guidelines necessary to
overcome them.
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LIMITATION OF THE STUDY
I have just tried to the extreme level to collect the maximum information from T.K. Chemical
Complex Ltd. But this report is not free from shortfalls. While I preparing the report, I faced some
problems or limitations, which are given below:
1. The industrial tour was only for one day that is not enough to make a study
successful.
2. Lack of adequate time also caused some constraints to the study.
3. Some data could not be collected for the confidentiality and official secrecy of the
company.
4. It is very difficult to discuss marketing practices of the company separately.
5. Our personal limitation, as still our group members are not institutionally and
educationally sufficient matured, to prepare this report is also noteworthy.
6. My personal limitation also contributes greatly in making the study less perfect then
desired.7. I, therefore, hope that the study will be evaluated subject to the recognition of the
above-mentioned shortcomings.
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T. K. CHEMICAL COMPLEX AT A GLANCE
M. A. Tayab
M.A. Kalam
S.M. Kalim Ullah, psc
(Retd.)
T. K. CHEMICAL COMPLEX LTD.
83, Khatunganj, Chittagong, Bangladesh.
(88-031) 636 245, 618 095-6, 617 837, 620 984, 621 483
(88-031) 636 381, 631 583
[email protected], [email protected], [email protected]
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Management Mr. M. A. Tayab, ChairmanMr. M.A. Kalam, Managing Director
Group Captain S.M. Kalim Ullah, psc (Retd.) General Manger(CCIFB
Member)
Company Status Private Limited Company
Number of
Employee
5000
Nature of Business Commodity Trading, Manufacturing and Marketing of Consumer
& industrial products like Edible Oils & Fats, Steel Galvanizing,Steel cold rolling, LP Gas Cylinder, Steel Drums & Plastic
Containers, Paper, Cement Bags, Particle Board, Finished Leather,
Tea Plantation & Shipping Services.
Background T.K. Group began its journey in 1972 in commodity trading. The
entrepreneur sprit of The founder's helped the business growand new ventures were launched in manufacturing & marketing
of consumer & industrial producats. Over the years the group
has emerged as one of the leading industrial group in
Bangladesh with core strengths in edible oils & fats and alsohaving successfully diversied into other business categories
like Steel Galvanizing, Steel Cold Rolling, Paper, Cement Bags,
Particle Board, Finished Leather, Tea Plantation, etc.
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Section A
General Information of Paper unit
1. Year of Establishment 1993.
2. Commencement of Production date 1996.
3. Management structure & the organization are the following.
4. Products of the Unit: Various kinds of papers including Computers grade, Printing grade,
Writing grade & Packaging grade etc. They dont produce any news print papers and also
tissue papers they will produce it in future.
5. Management Structure of the Organization
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General Manager
Advisor
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DirectorOperation
Director
Marketing
GM
Accounts
GM
Finance
AGM
Manager
Assistant
Manager
Senior
Officer
DGM
Officer
Assistant
Manager
Manager
AGM
DGM
Officer
Senior
Officer
Manager
AGM
DGM
Manager
Senior
Officer
Officer
DGM
AGM
Manager
Manager
Officer
Senior
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6.Capital: Initial Capital 50 crores (App).
Present fund of capital 400 crores (App).
7.Annual sales:
Year Annual Sales (Taka)
2006 122 Chores (App)
2007 146 Chores (App)
2008 173 Chores (App)
2009 198 Chores (App)
8. Annual Profit of the company:
Year Annual profit (Taka)
2006 4 Chores 61 Lakhs (app)
2007 4 Chores 95 Lakhs (app)
2008 5 Chores 97 Lakhs (app)
2009 6 Chores 93 Lakhs (app)
Section B
1. Books of Account: Usually every books are kept such as trial balance,
subsidiary ledger, Bank reconciliation etc. For modernization they use
computers software such as tally, sis care etc.
2. Flow of transaction: Flow of transaction is of two types.
a. Collection.
b. Payment.
Collection process:
Payment Process:
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Sales Finance Accounts
Accounts Finance Customer
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3. Accounts Statements: They use various accounting statements such as,
a. Cash flow statement.
b. Balance sheet.
c. Income statement.
d. Retained earnings statement.
e. Ledger.
F. Bank reconciliation.
g. MIS.
4. Who prepares the Accounting statement:
Data posting ------------------------senior officer.
Check the data posting--------------Assistant Manager.
Prepare all information------------Manager & deputy manager.
5. Destination:
To advisor one copy.
Director of operation one copy.
Managing director one copy.
Chairman one copy.
5. Uses of the statement: There are many uses accounting statement Tax &
VAT purpose.
Internal Audit.
Making group financial position.
MIS for group.
Bank & others financial organization.
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Organization objective of paper Unit
The company has a lot of minor and major objectives out of which few are
mentioned below:
1. To provide standard paper.
2. To capture a good market.
3. To export the product in future.
4. To earn a handsome profit.
5. To market the rod at an affordable cost.
6. To do different social activities.
7. Overall to provide the best service.
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Part C
Budgetary system of the organization.
Types of Budget
Flexible Budget:
A flexible budget is a budget which is designed to change in accordance with the level of
activity actually attained.
The object of a flexible budget is to assess what any individual cost should have been in
view of the actual level of activity attained.
Flexible budgets are necessary for control; a managers actual achievement can only be
compared with what he should have achieved in the actual circumstances prevailing, not
with what he should have achieved under quite different circumstances.
Functional Budget:
Functional budget relate to the various functions of a firm. The following are the functional
budgets commonly found:-
a) Cash Budget: Cash budget is another important budget. It is a forecast of cash position
for a period.
Its object is to indicate the flow of funds and their requirements. It takes into account the
amount received from sales cash sales and payments made by credit customers and the
expenditure to be incurred in cash - both capital and revenue.
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b) Sales Budget: This is often the starting budget since usually the limiting factor is sales.
The sales budget is a forecast of total sales which may be expressed in monetary and
quantitative terms.
c) Purchase Budget: The purchase budget represents the purchases to be made during thebudget period. It is closely allied to the other budgets, specially the production budget. This
will include direct and indirect materials and services. However, finished goods are
purchased for resale. The purchase budget should take into consideration the requirements
of finished goods for resale.
d) Production Budget: Production budget is drawn up after taking into account the
expected opening stock, the estimated sales and the desired closing stock of each article.
Production budget is a forecast of the production for the budget period.
e) Capital Expenditure Budget: Capital expenditure budget is closely connected with the
production budget which will show how much machine capacity is needed and when. it is
the planned outlay on fixed assets such as, plant and machinery, land and building, motor
cars etc. during the budget period. This enables one to determine what new machines have
to be installed and at what time.
Factory budget
Production Budget: Production budget is prepared by project director.
Financial budget: Financial budget is prepared by sales manager.
Sales & Marketing budget: This budget is prepared by Director Operation &
Director Marketing.
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What information is required?Production Budget:
a. To know the market demand & supply.
b. To know the inventory position.
Purchase Budget:
a. To know the production Budget.
b. To know the account payable position.
c. to know supplies cash & credit.
d. to know the cost budget.
e. to know the account receivable position.
Information those are required in sales & marketing budget:
a. Demand and supply.
b. Competitors position.
c. Cost budget.
Limitation of budget: One of the major limitations is lead time problem is
major problem.
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HRM Practice
Recruiting Policy: Internal Recruiting policy is followed by the Mgt. They never advertise anyvacancy either on newspaper or internet or any other types of media. This practice is done
To avoid extra burden of mgt task
To reduce cost relating to recruitment
Recruiting Nature: Generally Co. recruits
Skilled
Semi SkilledUnskilled Manpower
Working Hour Practice: HRM follows three working Shift in a day consisting 8 hours a shift.
Salary Structure: HRM follows labor laws & BEPZA rules for salary structure.
Overtime :Overtime is paid twice over the normal wage rate
Fringe benefit: HRM offers fringe benefits covering
Yearly two Eid bonus
Medical Allowance
Transportation Allowance.
Working Environment: Working environment of the factory is nice. Production layout &office layout is scientific.
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Evaluation
Productivity measure: It has two types of processing system
Manual system
Automated System
Manual System: It has lower productivity & high idle time in system failure but offer largeemployment opportunity.
Automated system: It has high productivity & high maintenance cost and offer lower
employment opportunity.
HRM practice: HR policy is lucrative & fruitful for the worker. We see nice relationshipbetween worker & superior. Line of staff & job responsibility is congenial to the operation
Process.
Safety Measure: As far our observation safety measure is not adequate. We see some workerworks without wearing musk, gloves. We did not see any fire extinguisher inside the factory for
instant protect against fire.
Transportation
Transportation is a necessary function of marketing because most of the markets
are geographically separated from the area of production. On the basis of products
to required the various types of mode of transports to the place of consumption. In
this context the company likes the sea and land transportation to carry on their
products. But the company normally prepared on the sea transportation because it
contains on large volume of product at a time. Frequently, the transportation cost
would be minimized. The company has an own transport department. The air
transportation use only for urgency met the customer demand. Sometimes, this air
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transportation is used for emergency treatment of any top-level executive or their
family members.
Advertisement
This company does not follow any advertisement strategy for creating market
demand. T. K. Chemical Complex Ltd. always tries to maintain the product
quality. This is their only promotional activity for attracting for native buyers.
Because this company is completely different from any other type of production
oriented company in regard of buyer attractiveness, buyer convince and getting
order from buyer. As a result, in most of the times, the company get the order from
world reputed branded products.
Sales Target
The company has sales target only for national market. But T. K. Chemical
complex Ltd. does not follow the research and development program for
developing their sales volume or product quality.
In T.K Chemical Complex Ltd., there is a sales center, but does not follow the
traditional price discount system even not provide after sales service. Besides this,
there is only the particular target for delivering timely the quality products to the
enlisted buyers.
Duties and Taxes
The company is a regular contributor to the national exchequer. No tax is due by
any one of the units as per computation certified under rules 64 A.
Hurdles Facing in Marketing
The company is facing some common problems in its marketing activities.
Transportation in rural areas is a major problem to expand its market. Another
problem is its marketing force. T.K. Chemical Complex Ltd. also faces a
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competitive marketing environment that makes it be aware of its pricing, product
quality, advertising techniques etc.
Best techniques for Expanding Market
T.K. Chemical Complex Ltd. is always trying to expand its market volume, share
applying the techniques of quality product, competitive price, on time delivery,
relationship management, proper advertising etc. It also follows product approach
in its marketing techniques.
Marketing Problem :
Because T.K. Chemical Complex Ltd. is a private organization and process short
business activity in this country. Although it is worldwide experience, skilled
management and rich compensation policy has played vital role to minimize some
of the problem like worker unrest, absenteeism and administrative etc.
Some problems are:
1. Sometimes govt. rules and regulation restrict T.K. Chemical Complex Ltd.
normal processing operation. The govt. of Bangladesh always keeps close
eyes on its activities. For changing prices, new plant installation, raw
materials, and procurement etc. The company has to seek necessary
permission from the govt. obviously the govt. cannot always meet its
expectation.
2. T.K. Chemical Complex Ltd. uses packaging materials for local suppliers,
printing, paper, wrapper, carton making etc, of this company which are
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relatively inferior in quality than those of developed countries. The
supplier often fails to honor time commitment in delivery.
3. Political instability is another serious operational concern forT.K.
Chemical Complex Ltd. Particularly we have to see that Bangladesh
witnessed frequently changes in govt. policies and regulations.
The key points of management practices of T.K. Chemical Complex Ltd. Are
discussed below:
Mission:
The mission or purpose identifies the basic function or task of an enterprise or
agency or of any part of it. Every kind of organized operation has, at least should
have if it is to be meaningful, purposes or missions. The purpose or mission of a
business organization generally is the production and distribution of goods and
services.
In our visiting organization, the main mission or purpose of T.K. Chemical
Complex Ltd. is to create or increase profit as a production oriented company.
Goals and Objectives:Objectives or goals are defined as the important ends toward which organizational
and individual activities are directed. Objectives state end results. Clear and
verifiable objectives facilitate measurement of the surplus as well as the
effectiveness and efficiency of managerial actions.
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MANAGEMENT PRACTICES
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T.K. Chemical Complex Ltd. considers the increase of production as a factor of
setting organizational goals and objectives.
Policies and Procedures: The term strategy has been used in different ways. One
of the most comprehensive definitions refers to the determination of basic long-
term objectives and courses of action and allocations of resources to achieve these
aims.
On the other hand, Policies are general statements or understandings, which guide
managers thinking in decision-making. They ensure that decisions falls under
certain boundaries.
T.K. Chemical Complex Ltd. has the established rules, procedures, policies or
strategies. But they could not provide that for their business secrecy.
Planning Process:
Planning involves selecting missions and objectives and the actions to achieve
them, it requires decision making. T.K. Chemical Complex Ltd. also has a strong
planning process in which the authority has to formulate these plans. Most of the
time top-level management makes decisions.
MBO or MBE:
Management by Objective (MBO) is a comprehensive managerial system that
integrates many key managerial activities in a systematic manner and that is
consciously directed toward the effective and efficient achievement of
organizational and individual objectives.
T.K. Chemical Complex Ltd. encourages MBO or Management by Exception
(MBE) as a basis of decision-making.
Specialization and Departmentalization:
This company follows work specialization for every employee. Work
specialization refers to every employees should specialized in the particular field.
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T.K. Chemical Complex Ltd. does not follow generalization. And the company
generally follows the product departmentalization.
Span of Control:
The number of subordinates a manager can effectively and efficiently direct.
Wider span are more efficient in term of cost. However at some point wider pan
reduce effectiveness. That is, when the span becomes too large, employee
performance suffers because supervisors no longer have the times to provide the
necessary leadership and support.
Narrow span have three major drawbacks.
1. They are expensive because they add level of management
2. They make vertical communication in the organization more complex
3. Narrow span of control encourage overly tight supervision and discourage
employees autonomy.
T.K. Chemical Complex Ltd. follows narrow span of control and manage
effectively.
Decision Making:
Decision-making is defined as selection of a course of action from among
alternatives; it is at the core of planning. Decision-making may be either
centralized or decentralized. The decision making process of that company is
centralized by the authority. The lower level managers cannot participate in the
decision-making.
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The financial management is the custodian of the finance of the organization. The
department keeps all records of the payment and earnings, operating companys
account with the bank, arrange funds as per requirement and deals with income tax
for the tax matter of the company. This department is responsible for maintaining
proper account of the companys property and maintaining liaison with the owner
for the financial matters regularly. The key elements of financial management of
T.K. CHEMICAL COMPLEX LTD. are discussed below:
FINANCIAL ANALYSIS:
Financial analysis involves analysis about different entries of balance sheet and
income statement by which the financial strength and weakness of a firm can trace
out. One of the widely used financial analyses is ratio analysis.
Financial analysis is essential for different parties for taking investment decision.
From the investors standpoint, predicting the future is what financial statement
analysis is all about, while form managements standpoint, financial statement
analysis is useful both as a way to anticipate future condition and more important
as a starting point for planning action that influence the future course of events.
Capital and Capital Structure:
The main source of capital is the directors investment and the local bank in the
company. The capital structure normally follow paid up capital. Since the company
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FINANCIAL MANAGEMENT
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always takes the order from native buyer so that the source of capital must be the
native investment.
But in my practical findings, the company does not provide any type of financialstatement due to their business secrecy.
Market Share:
T.K. Chemical Complex Ltd. does not enter share market. Therefore the company
has no market share. It is a private limited business entity.
Short term and long term Financing:
Most of the firm use short term financing to meet temporarily short falls, while
permanent capital (long term dept and equity) is used to meet long-term capital
requirement. There are four basic source of short term financing.
Account payable
Bank loan
Commercial paper
Accruals
T.K. CHEMICAL COMPLEX LTD. provides short-term finance from companys
own sources. Long term finance provide by directors and banks. The company has
no problems of internal financing.
Financial Risk:
Since the companys main source of capital is the native investment, so there is no
financial risk in case of financial investment. There are 10 persons in the
organization who are engaged in financial management under the direct
supervision of financial manager.
COST BENEFIT ANALYSIS:
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Cost benefit Analysis (CBA) is a tool used either to rank projects or to choose the
most appropriate option. The ranking or decision is based on expected economic
costs and benefits. The rule is that a project should be undertaken if lifetime
expected benefits exceeds all expected costs. The art of the analysis process comes
in the measurement of these impacts, their adjustment for market failure, and for
the effects of time, income distribution, incomplete information and potentially
irreversible consequences. A principle of western economics since Adam Smith is
that the market knows best. In a perfect world, the market would ensure that land,
labor and capital were allocated in a way that would maximize both profits, and the
welfare of society. Ours is an imperfect world, but CBA is a tool that allows the
analyst to mimic the welfare optimizing behavior of the market. Although
complexities arise when costs and benefits are being measured and corrected, CBA
is a simple tool with numerous uses and applications, especially in the
environmental assessment sphere. Its use increases accountability and consistency
in decision-making.
Applications Of Cost Benefit Analysis:
CBA is used at two basic levels. In the private sector financial CBA is used to
justify equipment and technology investments; measure life cycle costs; meet
regulations cost-effectively; and quantify hidden costs and intangible benefits. It is
also a useful tool to show how outsourcing and leasing can result in cost savings,
and how quality improvements can affect returns. Social CBA is used to appraise
the social merit of projects or policies. The projects may be public or private, and
the analysis is typically used to inform public decision makers. This type of CBA
is the form typically used in EIAs. It can be used to:
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1. Evaluate or rank the feasibility of projects. Decision makers to determine
whether a single activity or project should be undertaken, or to rank competing
projects or policies use CBA.
2.Analyze the effect of regulation.A typical purpose of new public regulations is
to reduce or eliminate specified risks to environmental quality. While scientific and
engineering estimates can indicate how and by what amount the proposed
regulations will reduce the risk, the optimal level of intervention still has to be
established. CBA can help inform this process; it can also indicate whether the risk
would be more effectively addressed through private action, new regulation, or
stronger enforcement of existing statutes.
3. Justify equipment and technology investment. CBA can be used to determine
whether a new investment in equipment or technology for government is an
efficient use of the taxpayers money.
4. Determine the most effective way to cut costs, especially in capital planning:
CBA provides a simple method to implement cost-effective capital planning.
5. Determine the relative benefits of outsourcing and leasing. A traditional
function of the state is the provision of public goods. These are goods (such as
lighthouses or public immunization schemes) that are not depleted by use and from
whose benefits the public is not excluded if they refuse to pay. However, many of
the goods and services provided by the state have a private goods component.
Where this is the case, outsourcing part of a project may reduce costs and improve
quality. CBA can be used to identify such opportunities.
THE BREAK-EVEN ANALYSIS:
The break-even analysis is the most widely known in organization. For this reason,
many use the two terms interchangeably. Break-even analysis is specific way of
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presenting and studying the inter-relationship between costs, volume and profits. It
provides information to management in most lucid and precise manner. It is an
effective and efficient financial reporting system.
The break-even analysis establishes a relationship between revenues and costs with
respect to volume it indicates the level of sales at which cost and revenues are in
equilibrium. The equilibrium point is commonly known as the break-even point.
The break-even point is that point of sales volume at which total revenue is equal
to total costs. It is a no-profit, no-loss point.
On the basis of findings of the study, I would like to recommend the followings:
1. T.K. CHEMICAL COMPLEX LTD. is supposed to arrange some
training program to improve the efficiency of the helpers & operators.
2. Company is capable of arrange half yearly get together to improve the
relationship between the Management & workers.
3. Customer service can be improved. For this purpose management can
arrange yearly get together with the consumers (Buyers).
4. The Company must have to appoint at least medium educated & Skill
person.
5. The Company can develop the advertising promotion.
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Recommendations:
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6. The salary system should be well structured regarding the job
responsibilities.
During the recruitment, the board should consider the academic discipline of the
candidates for the proposed positions.
Management is a continuous process and whenever the continuity interrupts,
mismanagement is must to occur. And in most of the cases management skilldeficiency stand behind it. So the process requires a continuous reviewing for
developing skills of the managers. But in our country no study has been made on
this regard. The educational institutes should be more research oriented. So they
should involve with the related organizations so that they can provide more
practical knowledge. And also the organizations should take initiatives to make a
lesson with the faculties so that they may up-to-date their knowledge.
We should do away from HR if fails to add value and impedes performance. Of
course we should do HR- if it creates value and delivers result. The issues with
which HR professional deal are at the heart of the organizational success.
Understanding, leveraging, capabilities and HR issues will lead to successful
organizations and successful leaders.
From the previous discussion it is apparent that the overall personal right of the
workers and employees in the T. K. Chemical Complex Ltd. is suitable. This is
mostly possible due to the foreign buyers compliances.
However, this program has helped me to learn a lot of practical knowledge.
Finally, I would like to render gratitude to my respected teacher and supervisor
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CONCLUSION
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Professor Dr. Manjur Morshed Mahmud, Department of Accounting &
Information Systems, University of Chittagong, for arranging this program.
Profile of T. K. Chemical Complex Ltd.
Standard questioners
Annual report of T. K. Chemical Complex Ltd.
Human Resource Key Factor:
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REFERENCE
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