Ethical Concepts in Counselling

Moral Concepts in Counseling Morals relates to convictions we hold about what comprises right lead. They are good standards embraced by an individual or gathering to give rules to right lead and speak to optimistic objectives or the most extreme principles which are set and implemented by proficient affiliations. The American Counseling Associations (2005) Code of Ethics expresses that when advocates experience a moral situation they are relied upon to painstakingly consider a moral dynamic procedure. While advising a customer, the instructor is given incalculable difficulties to perceive when and where a particular moral idea, standard and rule may be urgent. Moral norms and rules illuminate our judgment as they help us perceive, thoroughly consider and discover or make way to manage a predicament. The manner in which we react to a predicament has a lot to do with our feeling of what is significant and right. In this point of view, the reaction is viewed as being reasonable and prudent for the customer or maybe is in the client’s wellbeing for proceeded with improvement. At the point when advocates work from this exceptionally close to home and abstract position, they call upon a feeling of ethical quality. Ethical quality is worried about points of view of right and legitimate direct and includes an assessment of activities based on some more extensive social setting or strict norm. Profound quality fills in as an establishment to moral practice and dynamic. To choose morally is to initially choose ethically. (Qualities and Ethics in Counseling: Real â€Life Ethical Decision Making, Dana Heller Levit) Qualities relates to convictions and mentalities that give guidance to regular living. Customers moral issues turns into an issue when they pit moral, legitimate or authoritative prerequisites against one another or when the moral codes become quiet on the customers issues. Concerning these , finding intermittent irregularities among assets are inescapable. Subsequently, to choose a favored strategy from among the clashing rules, guides utilize a dynamic model that permits them to gauge the general significance of the data got. An organized strategy for data assortment and audit can encourage the moral dynamic procedure. The utilization of this model may assist guides with avoiding moral wrongdoing and to seek after moral standards. The instructor basically should be curious toward the starting period of a moral dynamic procedure. The underlying advance is to distinguish the issue or the quandary based moral, good and legitimate measurements by social affair all applicable data that enlightens the circumstance. As it were, instructors need to get an away from of the id ea of the issue through the use of viable guiding aptitudes, for example, reflexive inquiries. The subsequent advance includes a cautious assessment of the most basic issues disconnected from all the data accumulated beforehand. Now, endeavors ought to be made to audit the rights, obligations and the government assistance of customers and different partners worried about the difficulty. This audit stretches out to the point of considering the social parts of the circumstance impacting the customers government assistance. Moreover, the utilization moral standards of independence, nonmaleficence, helpfulness, equity and devotion to address the circumstance is unavoidable here. Concerning independence, the advisor ought to permit customers the option to pick and act as indicated by their inclination. Nonmaleficence is an essential worry that stresses on forgoing activities that may chance hurting customers. A model would be improperly naming customers with indicative terms that may sig nify variation from the norm, which could present genuine results to the government assistance of the customer. Helpfulness is applied when instructors regard customers pride and advance the government assistance of customers. The rule of equity alludes to being reasonable and nondiscriminatory towards customers. Constancy manages dependability to guarantees made and to reality. There lies an issue in maintaining loyalty when an instructor works with a minor customer and is committed to be faithful to the customer, while the standard of advantage may proposes that revelation might be best for the entire family. In such conditions, when guides are left between the clashing standards, they may need to organize certain standards over others as required by the circumstance. The third step is to audit the moral codes that are pertinent to the difficult circumstance. Moral codes brief, control and educate noteworthy qualities and concerns with respect to moral conduct. Experts looked for the code of morals and analyze the specific areas pertinent to the issue to consider in the event that they offer potential arrangements. Now, they likewise consider if their qualities and morals are reliable with or are in struggle with the significant codes. In case of an irregularity with a specific norm, instructors look for administrative direction and explain the issues. After correcting the irregularities, they produce a method of reasoning to help their position and report their judgment and thinking to legitimize their activities to settle the difficulty. The essentialness of the fourth step includes staying up with the latest on the applicable state and government laws that may apply to moral issues. So as to do as such, the advisor should be learned in the material laws and guidelines. Simultaneously, deciphering these lawful resolutions as indicated by how they may identify with customers issue turns into a basic part of the dynamic procedure. This would be relevant in i ssues of penetrating classification, revealing maltreatment of the defenseless , managing issues that represent a peril to self or others, parental rights and record keeping. It will likewise do the trick to look for direction from proficient bodies concerning equivocal moral or lawful circumstance. After careful evaluation of all moral, clinical and legitimate issues relating to the problem, advisors present their realities of the circumstance and get counsel from proficient experts in the fifth step . This is particularly valuable when advisors are wrestling with a vague moral issue. As a moral predicament can be mentally overpowering and sincerely troubling for both the customer and the advisor, target criticism from different solid sources, for example, partners, directors or between authoritative bodies can give a more extensive perspective on the issue or even another attention on unconsidered realities. Other than counseling experts who share similar perspectives, it might li kewise get the job done to look for ability from multifaceted elements, as required by the idea of the problem. With satisfactory data and direction close by, the instructor is presently at a situation to detail potential answers for the quandary (Frame Williams, 2005). Fundamentally, the 6th step is tied in with thinking about the conceivable and likely explanations of activities. Obviously, it requires a broad investigation process that would permit advisors to spread out the potential game-plans, while simultaneously representing the moral commitments of such activities. As instructors audit the conceivable outcomes, it might be basic to include customers in the investigation procedure before choosing the most likely blueprints. This is to guarantee that choices are made to the wellbeing of the customer. As it was done in before steps, reporting these conversations and would be useful for instructors to legitimize their activities in case of them being addressed. The seventh step involves the past one as it advises the guide to count the results of different choices that were taken in the w ake of assessing the potential blueprints. This includes thinking about the positive and negative outcomes of every choice while simultaneously gauging the overall centrality of every alternative. Customers association matters during this examination to guarantee that the choices float towards the wellbeing of the customer. To accomplish this the advocate may utilize the five good standards of self-rule, nonmaleficence, usefulness, equity and constancy as a structure to think about the outcomes of a specific game-plan. In the last advance of the model the advisor settles on what gives off an impression of being the best game-plan. In the wake of producing the most ideal choices and their results, guides along with customers and other administrative discussion, would be select and actualize the most suitable course of activities. Usage of choices is trailed by surveying the suitability of the results of those choices. The dynamic procedure arrives at the last stage when the guide thi nks about this evaluations and discusses them with customers. In any case, a follow up might be important to decide whether the activities taken are viable or on the off chance that they require a change. To wrap things up, it is fundamental to archive steps taken in order to explain choices, encourage thinking and maintain a strategic distance from excess endeavors. All the more critically, having a documentation is noteworthy if proof of these endeavors are later mentioned during an examination. In by and large this moral dynamic structure fills in as a deliberative and imaginative methodology that aides guiding experts to satisfy their moral obligations in the midst of a tricky circumstance. It help puzzled instructors to think however a moral difficulty and to show up at a morally proper choice. Additionally, the structure likewise assists with forestalling moral infringement by empowering guides to recognize the complexities of moral dynamic as a premise on which equipped, mora l and expert directing can be drilled. In spite of its helpful perspectives, the dynamic model does misses the mark in specific zones. In proof, Corey, Corey and Callanan (1998) show this model can't be applied in a mechanized or summed up way, as experts regularly get themselves confron

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What to Do If Your Antidepressant Stops Working

What to Do If Your Antidepressant Stops Working Depression Treatment Medication Print What to Do If Your Antidepressant Stops Working Common Reasons Your Meds May Not Be Helping Your Mood By Nancy Schimelpfening Nancy Schimelpfening, MS is the administrator for the non-profit depression support group Depression Sanctuary. Nancy has a lifetime of experience with depression, experiencing firsthand how devastating this illness can be. Learn about our editorial policy Nancy Schimelpfening Medically reviewed by Medically reviewed by Daniel B. Block, MD on January 29, 2020 twitter linkedin Daniel B. Block, MD, is an award-winning, board-certified psychiatrist who operates a private practice in Pennsylvania. Learn about our Medical Review Board Daniel B. Block, MD Updated on February 05, 2020 Depression Overview Types Symptoms Causes & Risk Factors Diagnosis Treatment Coping ADA & Your Rights Depression in Kids Dean Mitchell / Getty Images An antidepressant can work wonders for some people dealing with symptoms like low mood, loss of interest in things they once enjoyed, ennui, and lack of energy. This is especially true of folks who have moderate, severe, or chronic depression; mild depression isnt as responsive to medication.?? Regardless of the statistics, an antidepressant is not a miracle cure, nor is it a permanent fix. Some studies suggest that the rate of relapse while using an antidepressant is about 23% during a two-year period.?? Depression relapse means a person who previously was responding well to an antidepressant begins to have symptoms of depression again, everything from feeling sad, irritable, or anxious to having thoughts of self-harm or physical pain. If this has happened to you, here are some possible reasons why. Understanding them may help you and your doctor figure out why your medication has stopped working for you and what to do about it.?? Depression Discussion Guide Get our printable guide to help you ask the right questions at your next doctors appointment. Download PDF Why Antidepressants Lose Effectiveness As it turns out, there are lots of potential reasons your antidepressant seems to be fizzling out.?? Once you and your doctor have honed in on the reason (or reasons) youre no longer getting relief from your antidepressant, the next step is to work around the situation. Starting a New Medication Drug interactions are notorious for interfering with how well medication works. In the case of antidepressants, possible culprits are antibiotics and steroids.?? Both can make an antidepressant less effective. Whats more, steroids can have a direct impact on your mood. Next steps: Being upfront with all of your healthcare providers about the medications you are taking, including prescription, over-the-counter, vitamins, and supplements, can help prevent any drug interactions and enable your doctors to prescribe the best course of treatment for your physical and mental health. Smoking and Drinking Unfortunately, nicotine and alcohol use is common among many people struggling with depression. In addition to exacerbating your symptoms of depression, both tobacco smoke and alcohol can interfere with the way antidepressants are metabolized in the body.?? Next steps: If you are misusing alcohol, nicotine, or any other illicit substance, be honest with your healthcare provider. Together, you can figure out a plan to treat both your depression and your addiction simultaneously. Co-Occurring Disorders: Mental Health Issues Addiction Another Medical Condition A secondary health problem, like diabetes or hypothyroidism, can independently cause depression and make it harder to respond to treatment. Other conditions that are known to trigger symptoms of depression include Alzheimers disease, Parkinsons disease, pancreatic cancer, hepatitis C, and multiple sclerosis (MS).?? Next steps: If youve developed a separate health problem, visit your doctor to get a proper diagnosis and plan of treatment. Once you begin treatment for the other health condition, your antidepressant may become helpful again. Added Stress Work pressure? Family issues? Big changes in your daily life, such as a move or a new job? Any type of added stress can alter your brain chemistry enough to counteract the effects of your antidepressant and cause breakthrough symptoms of depression.?? Next steps: If stress is an issue, psychotherapy or counseling can be a useful addition to your depression treatment. How Cognitive Therapy Works for Stress Relief Age Changes in metabolism and body composition in older adults can have an impact on how well medications are absorbed, metabolized, distributed, and removed from the bodyâ€"which can impact the effectiveness of the medication.?? For example, as we age, our digestive system becomes slower, causing a possible delay in the action of the medication. We also experience a decrease in liver function, which can make it harder for the body to break down medications.  Its also common for people who are older to take medication for multiple health conditions, which can also impact how an antidepressant works. Next steps: You and your doctor should weigh the pros and cons of taking antidepressants as you age as well as any adjunct therapies like cognitive behavioral therapy that can help balance any delays or sensitivities to medications. How Your Age Can Affect the Side Effects of Your Drugs Undiagnosed Bipolar Disorder The possibility of an alternative mental health diagnosis is important to consider because the seeming loss of effectiveness of an antidepressant may actually be due to the cyclic change in mood thats characteristic of bipolar disorder.?? For people with bipolar disorder, an antidepressant can induce mania and make things worse. Next steps: If you have any symptoms of  mania  or  hypomania, its important to talk to your doctor and perhaps undergo testing to see if you may have  bipolar disorder  rather than a depressive disorder. If you have bipolar disorder, you may be prescribed a mood stabilizer or antipsychotic medication in addition to your antidepressant. Tolerance When medication no longer works as well for someone as it did when they first started taking it, that person is said to have developed a tolerance for the drug. The medical term for decreased effectiveness of the medication is  tachyphylaxis, although some people refer to it as Prozac poop-out.?? This phenomenon can occur with any  selective serotonin reuptake inhibitor (SSRI) used to treat depression. Studies suggest that 25% to 30% of people taking an SSRI will notice a decrease in effectiveness over time.?? While no one knows for sure why these medications lose their effectiveness over time, one theory is that the receptors in the brain become less sensitive to the medication.   Besides Prozac (fluoxetine), other common SSRIs prescribed for depression include: Zoloft (sertraline)Paxil (paroxetine)Celexa (citalopram)Lexapro (escitalopram) Next steps: If youve built a tolerance to an SSRI, your doctor may discuss making changes to your prescription (such as increasing the dose), adding another medication (like buspirone), switching you to a different class of antidepressant, adding  psychotherapy  or counseling to your treatment plan, or making  lifestyle changes that may help with depression. A Word From Verywell Regularly tracking your symptoms and keeping scheduled appointments with the health professional who prescribed your medicationâ€"whether its your internist, a psychiatrist, or a psychiatric nurse practitionerâ€"can help you quickly find a remedy if your antidepressant stops working for you. During these visits, be sure to tell your healthcare provider if theres anything happening in your life that could be causing additional stress or health complications, or if another doctor has prescribed a drug for you that might interfere with your antidepressant. Finding out your medication is no longer working can be frustrating, especially since figuring out the right antidepressant likely took some trial and error in the first place. Do your best to stay patient and hopeful. It is possible to find a solution so you can feel your best again.

The Effects Of Mass Media On The Society - 1145 Words

According to Meltzoff and Moore (1977), heavy exposure to television is believed to be one of the causes of aggressive behavior, crime, and violence in the society. The potential of the mass media for social mobilization, education, and attitude change has been recognized and has been exploited in different parts of the world with varying degrees of success. But the effect that the mass media will produce at given situation still remains a subject of debate even today. Summing up what is known about the effect of the mass media, Berelson (1948:172) in Mcquail (2000:457)submitted â€Å"that some kinds of communication, on some kinds of issues ,brought to the attention of some kinds of people, under some kinds of conditions, have some kinds of effect†. The effects and influences, which motion pictures have, imply that the movies, as stimuli, have specific effects and influences on an inert audience that are in some manners especially impressionable, and hence may be affected or swayed in a given direction. This one direction conception of effects is widely held. The supposed inactiveness of motion picture audience has extremely excited many people; and forms the basis of many attitudes and beliefs about the supposed good and bad effects of the movie. There is this view that the effects of the motion picture on behavior and attitudes are small and transitory. This seems to be the underlying attitude of those, which characterize motion pictures as mere entertainment. TheShow MoreRelatedThe Effects Of Mass Media On Society861 Words   |  4 PagesWhere do we get our information in society? How do we know what is true information from false information? Mass media, including T.V, Radio stations, newspaper has taken over the minds of people in society. According to Glen Smith and Kathleen Searles, Most assumption are being based off of what they see and hear on the television, social networks and on the radio because its mainly one side stories or one bashing of individuals. People do not take the time to go in-depth about the situation beingRead MoreMass Media And Its Effects On Society1633 Words   |  7 Pagesbeen ideas and mass media in which we have access to, there is small changes in which The United States as a whole has be en affected. There have been many discussions on how social media has played a part on American culture as we are becoming more reliant on computers and technology as well as we have in communicating. Social media and mass media has an affect modern society as technology has grown, so will its effects on people. Mass media and social media are, one social media is where anyoneRead MoreThe Effects Of Mass Media On Society1335 Words   |  6 Pages Mass media has inched its way into almost every facet of our daily lives. No one feels this intrusion more so than women. The market is geared towards them as the biggest consumer in our society. As a woman I am aware of this fact, but not only am I a woman, I am a woman who works in the advertising business. I have a unique perspective on both sides of the spectrum. How does all this focus effect us? How does this attention effect the way we perceive ourselves? Is it harmful? Can it be helpfulRead MoreThe Mass Media And Its Effects On Society1582 Words   |  7 Pagessecret of the overwhelming influence the mass media has over society. It has a great power and reaches large audiences. By presenting certain sorts of messages and facts skillfully, the media can manipulate people’s attitude and opinions without them even knowing. Business’ use of this constant exposure to their advantage and often invest and rely on commercials as a means to sell their products. Bec ause so many different people rely on the mass media, the companies need a platform that is universalRead MoreThe Effects Of Mass Media On Society Essay916 Words   |  4 Pagesâ€Å"spike your best friend’s eggnog when they’re not looking† perpetuates the rape culture which plagues much of society. Advertisements ultimately are designed to target and entice buyers by playing into the status quo (GW p. 412). However, mass media has been very effective in directly calling out advertisements such as Bloomingdale’s. It is comforting to know that the widespread use of mass media is useful in this way. This advertisement clearly perpetuates rape culture, especially the use of drugs suchRead MoreMass Media And Its Effect On Society1165 Words   |  5 PagesMass Media are organizations in our society. The medium industries provide information and entertainment, but mass media also can affect political, social, and cultural institutions. Mediums such as radio, newspapers, and television all reflect and affect American society. However, the main one that I am going to discuss is Radio. Radio is more effective in mass media as compared to the other mediums. The way radio was back then is way different from what it is in society today, it has changed overRead MoreMass Media And Its Effect On Society852 Words   |  4 PagesPeople are being depression and reflecting action in real life due to effective of mass media. Media has a power that can everyone has the same right and opportunity to access the information and enjoy their life. Teenagers are the most effective group of people because they can access and explode new technologies, creatives, curious, and proactive. Therefore, they are putting themselves in danger by performing challenge pictures or extreme dangerous things to be famous. People always attractiveRead MoreThe Effects Of Mass Media On Our Society1471 Words   |  6 Pagesalert system activates an urgent bulletin to galvani ze the community for assistance and safety. Today, mass media has undergone a significant change in terms of how they reach out to the public. During the early 19th century, the dominant form of media was the printing press through newspapers, magazines, and books. Eventually, the late 19th century throughout the 20th century, broadcast media provided easier access for entertainment, political issues, and current events gathering families aroundRead MoreEssay on Effects of Mass Media on Society1650 Words   |  7 PagesIn contemporary society, people are strongly influenced by mass media. Although traditional television watching and newspaper reading are no longer as popular as before, people spend more time in front of computers listening to music and radios, reading news and information, interacting with other people in social network and watching television programmes and films. The developing technology of mobile phone allows people to do almost everything they can do with the computer. Nowaday, people areRead MoreThe Effects Of Mass Media And Communication On The Society1674 Words   |  7 PagesMedia Message Introduction Behavioral sciences play a central role in figuring out the likely effect of mass media and communication in the society. Different theories and approaches are used to figure this out. This study refers to the Uses and Gratifications, and Cultivation theories to consider the effect of the media article below on individuals. The uses and gratification theory argues that consumers of a given media uses this media to satisfy and fulfill specific desires and needs. On the

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Project Report Free Essays

string(149) " first option as it involves a bit of electronic design that will be useful experience and it is a solution that can be simulated with a test bench\." [pic] Coursework Title: FPGA Programming Project Module Name:Programmable Electronic Devices Module Code:6008ENGFRI Level:6 Credit Rating:20 Weighting:100% Lecturer:C Wright Issue Date:18/01/2013 Hand-in Date:28/03/2013 Hand-in Method:Hand in printed report at Avril Robarts LRC Feedback Date:15/04/2013 Feedback Method:Return of marked scripts Programmes:IEC Learning Outcomes to be assessed LO1, LO2, LO3, LO4, LO5 6008ENGFRI Programmable Electronic Devices Design Project, Spring 2013 Central Heating Room Thermostat / Controller Objective. You are to design a circuit for a combined room thermostat and system controller for the domestic central heating system shown in figure 1, to be implemented in a Spartan 3E FPGA. The device is to be mounted on a wall in the main living room. We will write a custom essay sample on Project Report or any similar topic only for you Order Now Normally, the thermostat will display the temperature that it measures in the room. The device will have buttons for the user to increase or decrease the temperature setting for the room. While set temperature adjustment is carried out, the display of measured temperature will be replaced with a display of the set temperature. The set temperature will be displayed for a further five seconds after the final button press. When the temperature falls an â€Å"indicated† one degree below the set level, the heating will be activated until the set level is reached again. The heat source is a gas boiler/circulating pump unit, with a single ON/OFF control. This will heat water, which will be circulated through the system by the pump. There are three separate â€Å"zones† in the system. Zone 1. Downstairs heating Zone 2. Upstairs heating Zone 3. Hot water The thermostats in zones 2 and 3 will provide a simple ON/OFF demand for heat. Water flow into each zone is controlled by a motorized â€Å"zone valve†. When a valve is powered, it opens. When power to the valve is switched off, the valve is closed by a return spring. For safety reasons, the boiler/pump unit must not operate unless at least one of the three valves is open. This link shows a typical valve used in this kind of application. http://content. honeywell. com/UK/homes/Catalogue/Heating%20Controls/2. 19%20V4043. pdf In addition, each zone has an external real time clock which outputs a heating enable/disable signal for that zone, according to user requirements. This clock is not part of the project (unless you finish early and feel like designing one! ) You may assume that there is sufficient hysteresis in the system not to require any complex PID type controller! CONTINUES†¦ Figure 1. Heating system schematic diagram (T1 is the device you will design) Objectives 1. Produce a â€Å"tighter† specification for the project. You will design a prototype to be tested on the Spartan 3E development kit, so bear in mind what is available to you on that kit. (Assume that external circuits will handle the conversion between your digital signals and the mains voltage signals of the central heating equipment. 2. Use a hierarchical design methodology to break the project into a set of smaller modules which you can eventually join together to produce the complete system. Each module should have its own specification. For example, what inputs are required, what outputs are produced and how it can be tested. Using a modular design technique will allow you to improve the internal design of each module at a later date. 3. Your design should be of sufficient complexity to demonstrate your skills, but not so overly complex that you risk not completing the project within the allotted time. This is why we are using external real time clocks, which can be simulated using a switch. Feel free to design internal real time clocks, at a later date! For now keep it simple, add â€Å"sophistication† when you have something that works. If you can find anything in the Xilinx demos that you can make use of, then use it. ) CONTINUES†¦ 4. The design will be entered using schematic capture, VHDL, or a combination of both, on the Xilinx ISE software. 5. Simulate and test each module you create using an appropriate test bench. 6. Designs will be downloaded to a Digilent Spartan 3E, FPGA Starter Kit for demonstration of results. 7. A technical report of a standard formal style will be required to be submitted, which should include: †¢ Introduction, Outline design reasons for choice. (10%) †¢ Detailed circuit design. (30%) †¢ Specification of test bench waveforms, with explanation of strategy used. (20%) †¢ Detailed results, analysis and discussion. (20%) †¢ Commentary on results of practical demonstration using development board. (10%) †¢ Conclusions, ideas for development and references. (10%) †¢ Appendices, containing printouts of the circuit schematic or VHDL coding, test bench waveforms, placement routing and results of all simulation work. . Submission Date: The project report is to be handed in by March 28th 2013. This project is worth 100% of the total module module marks! CONTINUES†¦ Hints. Break it up! Begin with a â€Å"top down† approach and start very simple. For example, a module which controls a single zone valve might have a symbol like this. Three of these combinational logic circuits could then be combined to create a module that controls all three zone valves and the boiler. The (much more complicated) room thermostat section of the device could then be similarly broken into smaller parts. Breaking the project into small, well specified, designed, tested and documented modules gives you opportunities to earn marks even if the internal workings of some of the individual modules can’t be completed! Temperature Range Use a sensible temperature range. It’s meant to be a domestic room thermostat. Nobody is going to set their thermostat above thirty degrees! You could argue that there might be a sensible minimum as well. If you use a state machine to store and adjust the SET temperature, for example, then making the range large might result in a complicated state machine, (unless you are good at VHDL! Displaying the Set and Read Temperatures The temperature display should be done on the two digit, 7-segment display add-on cards that plug into the two six pin extension sockets on the starter kit. You should use these displays as a first option as it involves a bit of electronic design that will be useful experience and it is a solution that can be simulated with a test bench. You read "Project Report" in category "Essay examples" The manual for these displays can be found here http://www. digilentinc. com/Data/Products/PMOD-SSD/Pmod%20SSD_rm. pdf Read this manual as it contains important information that might influence some very early design decisions. Don’t try to use the starter kit’s LCD display. You don’t have time! Room Temperature Simulation We don’t have temperature sensors and the A/D converter on the kit is difficult to use. It requires serial programming, so like the LCD display, is most easily used with an embedded microprocessor, such as PicoBlaze. Since we can’t simulate â€Å"programmable state machines† easily, that leads us into fields we don’t want to go into! I suggest you use a single byte of data to simulate room temperature. Adjust this by pressing buttons. If you feel adventurous you could try to use the rotary knob. It is slightly more complicated. END OF SPECIFICATION – START OF LEGAL STUFF! Guide to Performance Criteria 70% and above: Your work must be of outstanding quality and fully meet the requirements of the coursework specification and learning outcomes stated. There must be clear evidence of an understanding of the State Driven Design method. The state diagram should be perfectly correct and there should and perfect correlation between state diagram and finished program. 60% – 70%: Your work must be of good quality and meet the requirements of the coursework specification and learning outcomes stated. There must be clear evidence of an understanding of the State Driven Design method and enough correlation between initial design and finished program to indicate that the correct process has been followed. The program should perform the required functions. 50% – 60%: Your work must be comprehensive and meet all of the requirements stated by the coursework specification and learning outcomes. The ladder must describe a state machine and it should largely match the state diagram. The program should perform the required functions. 40% – 50%: Your work must be of a standard that meets the requirements stated by the coursework specification and learning outcomes. The state machine should be largely correct and the program should perform its required function. Below 40%: Your work is of poor quality and does not meet the requirements stated by the coursework specification and learning outcomes. There is a lack of understanding of key concepts. The state diagram is missing, incomplete or incorrect and there is little correlation between it and the ladder program. Whether the program works or not there will be very few marks available if the state machine design process is not used. Extenuating Circumstances If something serious happens that means that you will not be able to complete this assignment, you need to contact the module leader as soon as possible. There are a number of things that can be done to help, such as extensions, waivers and alternative assessments, but we can only arrange this if you tell us. To ensure that the system is not abused, you will need to provide some evidence of the problem. More guidance is available at http://www. ljmu. ac. uk/corporate/SPR/60399. htm. Any coursework submitted late without the prior agreement of the module leader will receive 0 marks. Academic Misconduct The University defines Academic Misconduct as ‘any case of deliberate, premeditated cheating, collusion, plagiarism or falsification of information, in an attempt to deceive and gain an unfair advantage in assessment’. The School takes Academic Misconduct very seriously and any suspected cases will be investigated through the University’s standard policy (Academic Misconduct Policy). If you are found guilty, you may be expelled from the University with no award. It is your responsibility to ensure that you understand what constitutes Academic Misconduct and to ensure that you do not break the rules. If you are unclear about what is required, please ask. 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For more information you are directed to following the University web pages: †¢ Information regarding academic misconduct:http://www. ljmu. ac. uk/studysupport/81924. htm †¢ Information on study skills:http://www. ljmu. ac. uk/studysupport/ †¢ Information regarding referencing:http://www. ljmu. ac. uk/studysupport/69049. htm ———————– School of En gineering, Technology and Maritime Operations How to cite Project Report, Essay examples Project Report Free Essays string(66) " collatoral security in case of new limits in this new concern i\." Project Report of VIOM IMPEX (Our Motto Is â€Å"GOOD QUALITY GOOD SERVICE†) ZINK INGOT BRASS INGOT Application for †¢ †¢ †¢ Machinery Term Loan of Rs. 65 lacs Various Working Capital Limits of Rs. 1000 Lacs Bank Guarantee of Rs. We will write a custom essay sample on Project Report or any similar topic only for you Order Now 50 Lacs VIOM IMPEX Our Motto Is â€Å"GOOD QUALITY GOOD SERVICE† Index Sr. No. Particular Page No. 1 2 3 4 5 6 7 8 Executive Summary of the Project About the Promoters / Partners Project Cost and Financial Highlights Term Stipulations Other Project Details Process Flow Chart Project Implementation Schedule Credit Monitoring Assessment Data . Executive Summary of the Project The proposed project is for setting up a 100% Export Oriented Unit engaged in the manufacturing of ferrous non-ferrous metal ingots / billets; extruded / casted bars, rods, profiles; manufactured parts of electrical and electronic items, hardware, sanitary wares and other items with the major thrust to cater the international market. The unit will be engaged in Manufacturing of Ingots, Billets; Extruded / Casted Bars, Rods, Profiles; Manufactured parts and components of electrical and electronic items, hardware and sanitary items and other items of wide variety with different specifications for consumption of engineering Sector and other engineering firms along with processing of scrap cable and metal scraps. The products have a wide acceptance for the intermediate industrial consumption by engineering and electrical industries. Jamnagar is well known since for its Brass Part manufacturing facilities and it feeds about 70% of requirement of different machined and turned articles, fittings, parts and components of Brass of India and it has major share in international market too. The experience of partners in extrusion plant and in the working of 100% EOU will primarily be a great help. The overseas contacts of the partners have assured business through them as well as directly for reduced cost of operations working under the 100% EOU mode. A sister concern, named M/s. Vishal Impex, of this proposed concern is enjoying credit facilities from your bank. After commissioning of this unit, it is intended to close Vishal Impex and transfer existing customers / business / sale to M/s. Viom Impex. As soon as the new unit starts it’s commercial operation, M/s. Vishal Impex, i. e. the erstwhile group concern would be closed. This project would carry all activities carried out by Vishal Impex and would further be expanding to cover new products / business and new international market also. Existing working capital used by Vishal Impex from your bank would be fully repaid from the working capital finance taken in Viom Impex. The collatoral security worth INR 160 Lac of Vishal Impex is held by your bank. That would be free after repayment of loans and that is offered / transferred as collatoral security in case of new limits in this new concern i. You read "Project Report" in category "Papers" e. M/s. VIOM Impex. 1. Unit has received permission for establishment of 100% EOU, Permission letter is enclosed herewith. 2. Unit has also received provisional registration as a SSI unit for the manufacture of activities as stated above. Copy of allotment of Provisional Registration is attached herewith. 3. Copy of Partnership Deed is attached herewith. . About Promoters / Partners of the Unit M/s. VIOM IMPEX is a closely held partnership firm promoted by Shri Vaikunthbhai G. Kataria alias Bhanushali and his son Shri Mayur V. Kataria. SHRI VAIKUNTHBHAI G. KATARIA ALIAS BHANUSHALI Age : 51 Years He is in the line of import, manufacture and export of various products since 30 years. He will look after the overall pro duction, Quality control, Production Planning and development of New Products. The partner is well experienced in the Extrusion plant and working of 100% EOU. He is the director of Padmavati Impex Pvt. Ltd. hich is a 100% EOU engaged in manufacturing and export of parts components of brass and is established as a quality supplier in the international market. SHRI MAYUR V KATARIA Age : 27 Years Experienced in the field of import of raw material, manufacturing and export of ferrous and non-ferrous metals, extrusion plant, etc. and is having good hold on the administration and marketing. Assigned with the responsibility of Market Development looking after the sales, promotion and distribution activities of the firm. He is Prop. of Mayur Overseas. Viom Impex 3. Project Cost Financial Highlights Cost of Project Particulars Factory Shed (Leased Premises) Plant Machinery Spectro Photometer (Imported) Emission Control System (Chimney) Weigh Bridge Weighing Scales Turning Machines Wiredraw Machines Billet Cutting Machine Sand Mixing Machine Taping Threading Machine Slotting / Milling Machine Metal Bailing Machine Pulveriser Machine with Dust Collection Metal / Dust Separater Machine Billet Mould with Trolly Lathe Machines with Electricals Drill Machine Hakshaw Machine Blowers Misce. Dyes, Tools, Electrification, Furnitures etc. (INR in Lac) – 34. 80 10. 13 5. 00 0. 50 8. 82 1. 30 2. 60 0. 42 1. 54 1. 9 4. 05 2. 15 0. 19 5. 40 6. 41 0. 62 0. 02 1. 00 3. 98 90. 00 Working Capital requirements Total 1,200. 00 1,290. 00 Means of Finance Particulars Partners’ Capital Loan from Friends Relatives Bank Finance (Fund Based) Term Loan PCFC (DP DA), FCL, C. C. against Stock Book Debt (Rs. in Lacs) 200. 00 25. 00 65 1,000 1,065. 00 Bank Guarantee (Non Fund Based) Total 50 1,290. 00 Viom Impex Details of Securities offered INR in Lac Security Machineries Furniture Stock Book Debt **Existing Security in Vishal Impex Building Total Primary 90 949 627 1,666 Collatoral 160 235 395 Total 90 949 627 160 235 2,061 * Note :As soon as the new unit starts it’s commercial operation, M/s. Vishal Impex, i. e. the erstwhile group concern would be closed. Accordingly, the business / turnover / sales of Vishal Impex would be handled by the new concern M/s. Viom Impex. Existing working capital used by Vishal Impex from your bank would be fully repaid from the working capital finance taken in Viom Impex. The collatoral security worth INR 160 Lac of Vishal Impex is held by your bank. That would be free after repayment of loans and that is offered / transferred as collatoral security in case of new limits in this new concern i. . M/s. VIOM Impex. PROPOSED LIST OF MACHINERIES / ELECTRICAL ACCESSORIES / FURNITURE FIXTURES ETC. OF VIOM IMPEX ,JAMNAGAR . 1 SPECTRO PHOTOMETER Manufacturer/Agent/Autho. Dealer: 1) Unispec Marketing Unit /Price Qty. a Model Spectro lab F 3279760 1 b Model Spectromax X 2107600 1 2)Hindiron Services Pvt. Ltd. a Model ARL-3460 2363250 1 Taxes/Pack ing/Installa tion/ETC. Amount 3279760 2107600 200000 200000 Total Amount 3479760 2307600 Final Amount 2363250 200000 2563250 3479760 2 EMISSION CONTROL SYSTEM (CHIMNEY) Manufacturer/Agent/Autho. Dealer: 1)Almonard Pvt. Ltd. Almonard make 728000 1 728000 Emission Control System 3 WEIGH BRIDGE Manufacturer/Agent/Autho. Dealer: 1) Endeavour Istrument 285000 1013000 1013000 Pvt. Ltd. W/B-E 50T(for 50MT) 4 WEIGHING SCALES For 500 KGs. Approx 475000 1 475000 25000 500000 500000 25000 2 50000 0 50000 50000 5 TURNING MACHINES Manufacturer/Agent/Autho. Dealer: 1)Krishna Machine Tools 25 MM (Automatic) 50000 32 MM (Automatic) 55000 Diabox Type 25MM 110000 2)Techknow Product Turning Cutting 1†³ 26150 Turning Cutting1. 5†³ 30750 6 WIRE DRAW MACHINES Manufacturer/Agent/Autho. Dealer: 1) P. M. Products Light Duty 42500 Heavy Duty 66500 2) Prabhat Machine Tools Double Gear Machine 47500 7 BILLET CUTTING MACHINE Manufacturer/Agent/Autho. Dealer: 1) P. M. Products MANUAL 48750 HYDRAULIC 144500 HYDRAULIC WITH LOADER 234500 8 SAND MIXING MACHINE Manufacturer/Agent/Autho. Dealer: 1) Prabhat Machine Tools Light Duty 18000 2) Janta Enterprise Heavy Duty 35000 2 1 3 8 2 100000 55000 330000 209200 61500 20000 10000 44000 41000 11000 120000 65000 374000 250200 72500 881700 1 1 42500 66500 9500 11500 52000 78000 2 95000 19000 114000 130000 1 1 1 48750 144500 234500 10000 18000 25000 58750 162500 259500 259500 1 1 8000 35000 5000 7000 23000 42000 42000 Page 1 of 3 9 TAPING THREADING MACHINE Manufacturer/Agent/Autho. Dealer: 1)Techknow Product Capacity 1†³ 17850 Capacity 1. 25†³ 24850 Single Tool Threding 30250 10 SLOTTING / MILLING MACHINE Manufacturer/Agent/Autho. Dealer: 1)Techknow Product Ram Type 30850 11 METAL BAILING MACHINE Manufacturer/Agent/Autho. Dealer: 1) Mico Hy raulics 90 MT. Ferrous 360000 Non-Ferrous Metal Scrap Bailing Machine 4 1 1 71400 24850 30250 17000 5000 5400 88400 29850 35650 153900 3 92550 16450 109000 109000 1 360000 45000 405000 405000 12 PULVERISER MACHINE WITH DUST COLLECTOR Manufacturer/Agent/Autho. Dealer: 1) Janta Enterprise Size 24†³ 185000 1 185000 Size 18†³ 90000 1 90000 13 METAL / DUST SEPERATOR MACHINE Manufacturer/Agent/Autho. Dealer: 1) Janta Enterprise Size 24†³X36†³ 16500 1 14 BILLET MOULD WITH TROLLY Manufacturer/Agent/Autho. Dealer: 1) Geeta Machine Tools Pvt. Ltd. Size 5†³X36†³ 45000 Size 5†³X60†³ 50000 30000 15000 215000 105000 215000 16500 2500 19000 19000 4 4 180000 200000 77000 83000 257000 283000 540000 15 LATHE MACHINES WITH ELECTRICALS Manufacturer/Agent/Autho. Dealer: 1) Geeta Machine Tools Pvt. Ltd. 4. 5†³ Cone Pulley 35000 4 9†³ Cone Pulley 85000 1 10†³ Cone Pulley 95000 3 13 DRILL MACHINE Manufacturer/Agent/Autho. Dealer: 1) Superb Machine Tools 25 MM Heavy 21000 19 MM Advanced 16500 19 MM Regular 7500 14 HAKSHAW MACHINE Approximate 140000 85000 285000 36000 22000 73000 176000 107000 358000 641000 1 2 1 21000 33000 7500 3000 6000 3000 24000 39000 10500 61500 20000 1 20000 0 20000 20000 479640 9000000 15 Misc. Dies/Tools,Electrification,Office Equipments/Furniture/Fixtures etc. Grand Total Page 2 of 3 Sr. N o. Particulars LIST OF COLLATERAL SECURITY OFFERED IN VIOM IMPEX ,JAMNAGAR. Date of valuation Value (Rs. report In Lacs) Status 17. 4. 2003 16. 56 Existing in Vishal Impex 1 Res. Bldg,58 Digvijay Plot at Jamnagar owned by Shri Vaikunthbhai G Bhanushali 2 Plot No. 195, GIDC Phase II at Jamnagar owned by Shri Vaikunthbhai G Bhanushali 3 Plot No. 17,18,19 Ward No. 14, Survey No. 1485/p, Shanker Tekri,Udyognagar, Jamnagar owned by Smt. Harbai V Kataria 4 Plot 2 Acres 32 Gunthas, Survey No. 83/3, Vill. Kansumra, Jamnagar. 16. 4. 2003 16. 39 Existing in Vishal Impex 12. 4. 2003 38. 29 Existing in Vishal Impex Approx 79. 00 Existing in Vishal Impex 5 LIC Policies having SV of Rs. 10. 00 Lacs. Note:Matured LIC Policies in the form of FD/DBD to be released. 6 Industrial Shed at Plot No. 003-3007,GIDC Phase III Approx Dared Jamnagar. 7 Residendtial Plot at Oswal Colony, Street No. 5, Opp. Ajay Bunglow, Jamnagar owned by Smt. Harbai V Kataria Approx 10. 00 Existing in Vishal Impex 175. 00 New Property offered 60. 00 New Property offered TOTAL 395. 24 1 2 3 4 5 NAMES OF GUARANTORS: VAIKUNTHBHAI GANGJIBHAI KATARIA alias as VAIKUNTHBHAI GANGJIBHAI BHANUSHALI HARBAI VAIKUNT HBHAI KATARIA MAYUR VAIKUNTHBHAI KATARIA BHAVNA MAYUR KATARIA alias as BHAVNA RATANSHIBHAI CHANDRA VASANT VAIKUNTHBHAI KATARIA NAME OF UNIT : VIOM IMPEX CORRESPONDENCE ADDRESS : â€Å"ASHISH† 58, DIGVIJAY PLOT, OPP. WATER TANK, JAMNAGAR-361 005. TELEPHONE : 91-288-2564041/2565009 TELEFAX : 91-288-565009 CELL (MAYUR V KATARIA) : 98 795 90565 EMAIL :viomimpex@hotmail. com WORKS : PLOT NO. 3003-3007, GIDC PHASE-III, DARED JAMNAGAR-361 004. (INDIA) Page 3 of 3 Viom Impex Projected Profit Loss Account INR in Lac Particulars Installed Capacity in MT Capacity utilization INCOME Export Sale Value Quantity in MT DTA Sale Value Quantity in MT Impurities Sale Value Quantity in MT Total Sales EXPENSES Raw Materials Consumption Cost of Impurities Manufacturing Expenses Depreciation Cost of production Opening Stock Closing Stock Cost of Sales Gross Profit 3,773. 0 4,116. 00 4,802. 00 5,145. 00 5,146. 00 Year 1 6,534. 00 Year 2 6,534. 00 Year 3 6,534. 00 Year 4 6,534. 00 Year 5 6,534. 00 55% 60% 70% 75% 75% 5,790. 00 3,210. 00 6,649. 00 3,690. 00 7,758. 00 4,310. 00 8,328. 00 4,620. 00 8,372. 00 4,650. 00 84. 00 84. 00 200. 00 200. 00 214. 00 214. 00 251. 00 251. 00 251. 00 251. 00 56. 00 1,113. 00 5,930. 00 55. 00 1,101. 00 6,904. 00 65. 00 1,291. 00 8,037. 00 69. 00 1,371. 00 8,648. 00 68. 00 1,361. 00 8,691. 00 1,052. 00 1,040. 00 1,220. 00 1,296. 00 1,286. 00 1,321. 00 1,441. 00 1,681. 00 1,801. 00 1,801. 00 13. 50 ,159. 50 11. 50 6,608. 50 21. 30 7,724. 30 18. 30 8,260. 30 15. 70 8,248. 70 1. 71 514. 00 5,645. 50 1. 69 514. 00 556. 00 6,566. 50 1. 69 556. 00 642. 00 7,638. 30 1. 69 642. 00 691. 00 8,211. 30 1. 68 691. 00 690. 00 8,249. 70 284. 50 337. 50 398. 70 436. 70 441. 30 4. 80 Selling and Administrative Expenses Interest / Finance Cost Profit before tax Income Tax @ 35% Profit after tax Profit on Sale other than Exports Drawings Net Accretion to Reserves 20. 00 85. 20 179. 30 1. 00 178. 30 4. 89 25. 00 84. 20 228. 30 3. 00 225. 30 4. 96 30. 00 83. 10 285. 60 3. 00 82. 60 5. 05 35. 00 82. 10 319. 60 4. 00 315. 60 5. 08 40. 00 81. 00 320. 30 4. 00 316. 30 4. 23 178. 30 8. 43 15. 00 210. 30 9. 91 20. 00 262. 60 11. 83 25. 00 290. 60 11. 76 30. 00 286. 30 Viom Impex Projected Balance Sheet INR in Lac Particu lars Sources of Funds Partners’ Capital Accumulated Profits Bank Term Loan Bank Working Capital Unsecured Loans Total Application of Funds Fixed Assets (Net Block) Investments Current assets Inventories Debtors Other current assets Cash Bank Balances 76. 50 15. 00 65. 00 15. 00 133. 70 215. 40 374. 70 215. 00 178. 30 65. 0 1,000. 00 Year 1 Year 2 Year 3 Year 4 Year 5 215. 00 388. 60 52. 00 1,000. 00 215. 00 651. 20 39. 00 1,000. 00 215. 00 941. 80 26. 00 1,000. 00 215. 00 1,228. 10 13. 00 1,000. 00 25. 00 1,483. 30 1,655. 60 1,905. 20 2,182. 80 2,456. 10 15. 00 15. 00 15. 00 949. 00 627. 00 36. 20 3. 60 1,615. 80 1,038. 00 1,200. 00 1,286. 00 1,285. 00 1,033. 00 735. 00 40. 00 6. 60 1,819. 60 800. 50 40. 00 1. 00 2,041. 50 917. 10 50. 00 5. 30 2,258. 40 50. 00 5. 40 2,373. 40 Current liabilities Sundry Creditors Net Current Assets Total 224. 00 1,391. 80 1,483. 30 244. 00 1,575. 0 1,655. 60 285. 00 1,756. 50 1,905. 20 306. 00 1,952. 40 2,182. 80 307. 00 2,066. 40 2,456. 10 R atio Analysis Particulars Current Ratio Gross Profit Ratio Net profit Ratio Debt Equity Ratio DSCR Ratio Year 1 – – – – Year 2 Year 3 Year 4 Year 5 1. 31 4. 80 3. 01 2. 71 3. 25 1. 45 4. 89 3. 26 1. 74 3. 30 1. 58 4. 96 3. 52 1. 20 4. 03 1. 72 5. 05 3. 65 0. 89 4. 37 1. 81 5. 08 3. 64 0. 70 4. 39 Viom Impex Working Capital Requirements Current Assets Months’ Year 1 Year 2 Year 3 Year 4 Year 5 Raw Material WIP Finished Goods Sundry Debtors Other Current Assets Total . 25 1. 00 1. 00 435 514 627 36 1,612 482 556 735 40 1,813 558 642 801 40 2,041 595 691 917 50 2,253 595 690 1,033 50 2,368 Current Liabilities Sundry Creditors for Expenses 2. 00 224 244 285 306 307 Working Capital Less :- Margin Bank Finance for Working Capital Term Loan Total Bank Finance Interest (Overall average of all types of Finance) Interest Cost 1,388 388 1,000 65 1,065 8% 85 1,569 569 1,000 52 1,052 8% 84 1,756 756 1,000 39 1,039 8% 83 1,947 947 1,000 26 1,026 8% 82 2,061 1,0 61 1,000 13 1,013 8% 81 Viom Impex Projected Cash Flow Statement Rupees in lacs Particulars Sources of Funds Net Profit after tax Dividend Depreciation Cash accrual from operation Share Capital Increase in Bank Term Loan Bank Working Capital Loan Unsecured Loans Creditors Decrease in Inventories Debtors Other current assets Total Sources Application of Funds Addition to Fixed Assets Increase in Inventories Debtors Other current assets Decrease in Bank Term Loan Bank Working Capital Loan Unsecured Loans Creditors Total Applications Cash Bank Balances Opening balance Net increase/(decrease) Closing balance 18. 0 18. 60 18. 60 3. 00 21. 60 21. 60 (5. 60) 16. 00 16. 00 4. 30 20. 30 20. 30 0. 10 20. 40 90. 00 90. 00 100. 00 175. 00 Year 1 Year 2 Year 3 Year 4 Year 5 – 178. 30 13. 50 191. 80 215. 00 210. 30 11. 50 221. 80 262. 60 21. 30 283. 90 290. 60 18. 30 308. 90 286. 30 15. 70 302. 00 – – – – – 65. 00 1,000. 00 25. 00 224. 00 20. 00 41. 00 21. 00 1. 00 – 1,720. 80 241. 80 324. 90 329. 90 1. 00 304. 00 – 949. 00 627. 00 36. 20 89. 00 108. 00 3. 80 162. 00 65. 50 – 86. 00 116. 60 10. 00 115. 90 – – 1,702. 20 13. 00 25. 00 238. 80 13. 00 330. 50 13. 00 325. 60 3. 00 303. 90 Project Cost and Financial Highlights contd†¦Ã¢â‚¬ ¦.. 1. FACTORY SHED The unit has taken the industrial plot on lease; unit will construct the Factory shed which suits the business requirement at the expense of Lessor. Copy of the Lease Deed is attached herewith. 2. PLANT MACHINERY Total estimated cost of the Plant Machinery is Rs. 107. 75 Lacs. Quotations for the same are attached herewith. 3. WORKING CAPITAL REQUIREMENT Total Requirement of the Working Capital is around Rs. 1200 lacs, a detail working is given the CMA given elsewhere. 4. BANK FINANCE FUND BASED Term Loan of Rs. 80 Lacs. Cost of Plant Machinery is proposed to be part finance by Term Loan of Rs. 80 Lacs. The Term Loan will be repaid in 20 quarterly installment commencing form the second year of commencement of commercial production. Working Capital Finance (PCFC (DP DA), FCL, C. C. against Stock Book Debt) of Rs. 1000 Lacs Total facility of 1000 lacs for all the three facilities individually and all together. NON FUND BASED Bank Guarantee of Rs. 50 lacs (Margin @ 10% and 75% Concession is required in Commission) 5. PROMOTERS CONTRIBUTION Initially Promoters will bring Partners Capital of Rs. 215 Lacs and Loans from Friends and Relative of Rs. 15 Lacs 4. Term Stipulations regarding Interest and Charges in case of Working Capital Finance Particular PCFC (DP DA) FCL Cash Credit against Stock Book Debt of Rs. 1000 Lacs Packing Credit in Foreign Currency cum Foreign Bills Purchase ( DP DA) Sr. No. 1 Remarks We require overall limit of Rs. 1000 lacs. Individual facility having maximum limit of Rs. 1000 lacs 15% Margin PCFC is required on running account i. without want of confirmed order PCFC is required on direct as well as deemed exports Interest should be charged at LIBOR +0. 75 bp (without any additional cost / charges on account of Swap Cost) Swap cost in not charged by peer banks, thus we also require swap cost not be charged. 15% Margin Interest should be charged at LIBOR +2 % (without any additional cost / charges on account of Swap Cost) Swap cost in not charged by peer banks, thus we als o require swap cost not be charged. Presently bank is charging transaction charge of approx. Rs. 0,000/- per transaction. Peer banks are charging approx Rs. 10,000/- per transaction, thus we also demand that our transaction cost per transaction should be approx. Rs. 10,000/-. As our unit is 100 % EOU, there is a natural hedge, thus we doesn’t require forward contract. We demand rollover should be 180 to 360 days. Bank is charging Interest @ 11. 75 %. It should be reduced to 8. 50%. 20% Margin in case of stock 30% margin in case of book debt Presently in Vishal Impex bank is charging 0. 15 % + telex charges. Peer bank charges Rs. 750 + Service Tax. Thus in our case Import Charges should be reduced to Rs. 750 + Service Tax. Presently in Vishal Impex bank is charging 0. 05 % + telex charges. FCL (Foreign Currency Loan) Cash Credit against stock cum book debts Import Bill Charges Export Bill Charges Import Export Bill Charges Peer bank charges Rs. 750 + Service Tax. Thus in our case Import Charges should be reduced to Rs. 750 + Service Tax. Presently bank is charging 0. 10 % additional charge when transaction is from EEFC or PCFC limit. We require that bank should not charge any such additional charges. . Other Project Details PRINCIPAL RAW MATERIAL SOURCES: The principal raw material are Non-ferrous mixed metal scrap and obsolete / wastes in the form of solid or mixed or attached with impurities and other metals, ingots / billets, fuels, etc. The raw materials are mainly imported from American, European Gulf Countries. Since the market prices are fluctuating very much and depend on the London Metal Exchange the sourcing is don e thru Indenting Agents and based on the quality of the material, rates and supply terms, the supply orders are placed. CAPACITY UTILISATION The unit will mainly be engaged in manufacture and export of extruded / casted bars, rods, profiles, sections; billets, ingots; manufactured parts and components of electrical and electronic items, brass hardware, sanitary parts, etc. and reprocessing of metal scrap including cable and other types of scraps. Since the unit will be having machining and processing capacity to manufacture almost all parts of Brass, uniform / installed capacity of the unit based on the product is practically not possible to ascertain. However based on the approximated processing capacity the unit will have a capacity to process about 1500. 00 MT of imported scrap on monthly basis, (single shift working of 8 hours each). The unit has planned utilization of capacity as under I II III IV V Year of Operation Year of Operation Year of Operation Year of Operation Year of Operation 55% 60% 70% 75% 75% Since the partners are already engaged in the similar line of Business activities, capturing the export and local market at the envisaged level will be easier and the projections are easily achievable. LOCATIONAL ADVANTAGES: Jamnagar is well known since long-back as Brass city in India and in the international market for the manufacture and processing of different kinds of parts and components of electrical, electronic and mechanical items, etc. Brass Part manufacturing is centralized at Jamnagar in India and it feeds about 805 of requirement of different parts and components of Brass of India and it has major share in international market too. Labour are easily available at considerable low rates. All most all labourers have become semi skilled and skilled in their work of manufacturing process. Jamnagar is also gifted with all weather ports and is a well developed Industrial Centre. The unit is a 100% Export Oriented Unit and is mainly depending upon imported raw material. The location of the proposed industry at the well developed industrial area i. e. GIDC, ensures less cost of transportation as the center is near to the Kandla Ports and is a well developed center. Labour and other required Utilities are easily available at reasonable costs. MARKETING The promoters have already surveyed the market of exports of finished goods. Also, the policy of quality production adopted by the business is best and well accepted by the trade. As soon as the new unit starts it’s commercial operation, M/s. Vishal Impex, i. e. the erstwhile group concern would be closed. Accordingly, the business / turnover / sales of Vishal Impex would be handled by this new concern M/s. Viom Impex. The senior partner is director of Padmavati Impex Pvt. Ltd. – a 100% EOU and is well experienced in the manufacture and export of their products. They are having a regular export of similar products from other units. The supply to the market is sometimes not found economically viable due to the higher cost of produce. With the working in EOU framework, and with the help of the promotional measures of Govt. , a regular supply at competitive rates can be ensured. As such, finding the market for the product will not be an issue at all and will be captured at the required level. The international dealers and metal agents with whom the partners have long lasting relations have also assured to the partners for the regular take off of the products from the unit. The Export marketing will be looked after directly by the partners and the unit is confident of marketing full product of the works. The existing set up of marketing shall also be used for the extended workings and the new unit. The unit is planning to have tie ups with the Indenting agents in some countries mainly in Gulf and in some areas is operating as direct supplier. The existing market is also of the similar products. With the supplies in the EOU framework, the cost will be lower as well as by maintaining the quality of the product the firm will certainly be benefited at large scale. RAWMATERIAL MAN POWER Usable scrap of non-ferrous / ferrous metals, Ingots, Billets, Fuel, as imported, are the required Raw Materials. The requirement of Raw material is to be met by Imports only. Since the Kandla port is near, a regular supply can be ensured. Consumables and Contract labour as per requirement is also available locally at reasonable rates. 6. Process Flow Chart PRINCIPAL RAW MATERIAL SCRAP OF FERROUS NON-FERROUS METAL ARTICLES THEREOF SORTING AND SEGRAGATING METAL MANNUALLY / MECHANICALLY TO MAKE FREE FROM IMPURITIES MELTING IN FURNACE TO MAKE BILLETS / INGOTS ROD/WIRES/ PROFILES/ONE PIECE CASTING CUTTING/SHAPING/FORGING IF REQUIRED MECHANICAL OPERATIONS LIKE DRILING, COUNTERING,BORING, COUNTER BORING, REAMING, TAPPING,PUNCHING THREADING,FACING MILING, FORGING DEBURRING ETC. BY PRODUCT OF TURNING SCRAP SEMI FINISHED PRODUCTS END CUTS TAKES PLACE DURING OF PARTS / COMPONENTS WORKING UPON INTERMEDIATE OF DIFFERENT / TYPES PRODUCT OF BRASS BILLETS/ INGOTS SHAPES/SPECIFICAION /RODS/SECTIONS/PROFILES/ ONE PIECE CASTING ALSO BY-PRODUT OFSLAG TAKES PLACE DURING THE PROCESS OF MELTING MARKETING RECYCLING THE BY-PRODUCT AS SUCH OR DISPOSED OFF AS PER PROVISIONS OF FTP POLICY ANNEALING, KEROSENE WASH IN CHEMICAL (IF REQUIRED) BUFFING, SILVER PLATING ZINC PLATING, TIN PLATING ETC (IF REQUIRED) ASSEMBLING, INSPECTING TESTING FOR QUALITY CONTROL OF FINAL PRODUCT PACKING . Project Implementation Schedule Proposed Date Lease property taken Particular Building Construction or lease property Plant Machinery Proposed order date Proposed date of receipt Proposed date of erection of machinery Proposed date of Implementation of project already February 2006 April 2006 Last week of April 2006 May 06 CREDIT MONITORING ASSESSEMN T VIOM IMPEX Particulars of the existing limits from the Banking / Finance System Limits from all the banks and financial institution as on a date near to the date of the application Name of bank/ financial institution Nature of facility Existing [Rs. in Lacs] Extent to which limits were utilised Limits Limits now required during the last 12 months Maximum Minimum [1] A – Working Capital Limits [Division-wise] Bank of India B – Medium Term Loans [Excluding working capital term loans] and deferred payment credits (Division-wise) [2] [3] [4] [5] [6] PCFC C. C. – – – 1,000 – – – 65 Total Fund Based Limits Bank Guarantee (Non-Fund Based) Total Non-Fund Based Limits Total Limits – – – 1,065 50 50 1,115 VIOM IMPEX Operating Statement [Rs. in lacs) Particular 1. 2. 3. 4. Gross Sales Less : Excise Duty Net Sales [1-2] Cost of Sales i) Raw Materials (including stores and other items used in the process of manufacture) (a) Imported (Inc. Impurities) Year 1 Year 2 Year 3 Year 4 Year 5 5,930 5,930 6,904 6,904 8,037 8,037 8,648 8,648 8,691 8,691 (b) Indegeneous ii) Other Spares Indegeneous iii) Power Fuel iv) Direct Labour v) Rapairs Maintenance vi) Other Manufacturing Expenses vii) Depreciation viii] Sub-total (i to vii) (viii + ix) 4,825 – 5,156 – 6,022 – ,441 – 6,432 – 1,321 1,441 1,681 1,801 1,801 14 6,160 6,160 6,160 514 5,646 285 85 20 179 179 1 178 12 6,609 6,609 6,609 514 556 6,567 338 84 25 228 228 3 225 21 7,724 7,724 7,724 556 642 7,638 399 83 30 286 286 3 283 18 8,260 8,260 8,260 642 691 8,211 437 82 35 320 320 4 316 16 8,249 8,249 8,249 691 690 8,250 441 81 40 320 320 4 316 ix] Add : Opening stock-in-process Sub-total x] Deduct : Closing stock-in-proc ess xi] Sub-total (Cost of Production) xii] Add : Opening Stock FG xiii] Deduct : Closing Stock FG Cost of Sales 5. 6. 7. 8. 9. Gross Profit (3 – 4) Interest Selling and Administrative Expenses Operating Profit [ 5 – 6 – 7 ] Other income/expenses Add : Income Deduct : Expenses Sub-total + / (-) Profit Before Tax [8 + 9] Provision for taxes Net Profit After Tax [10 – 11) 10. 11. 12. VIOM IMPEX Assessment of Working Capital Requirements [Rs. in lacs) Particular Current Assets i) Raw Materials (a) Imported (Months’ Consumption) (b) Indigeneous (Months’ Consumption) ii) Stock-in-process (Months’ Cost of Production) iii) Finished Goods (Months’ Production) iv) Debtors (Months’ Sales) v) Deposits Other Current Assets Year 1 Year 2 Year 3 Year 4 Year 5 435 1 514 0. 627 1. 5 36 4 482 1 556 0. 5 735 1. 5 40 7 1,820 558 1 642 0. 5 801 1. 5 40 1 2,042 595 1 691 0. 5 917 1. 5 50 5 2,258 595 1 690 0. 5 1,033 1. 5 50 5 2,373 vi) Cash Bank Balance Current Assets Current Liabilities i) Creditors for Goods (Months’ Purchases) ii) Creditors for Expenses (M onths’ Expenses) iii) Advances from Customers Current Liabilities Working Capital Gap Projected Working Capital Loan Total Current Liabilities [B] – [C] [A] 1,616 224 1 – 244 1 244 1,576 1,000 1,244 576 285 1 285 1,757 1,000 1,285 757 306 1 306 1,952 1,000 1,306 952 307 1 307 2,066 1,000 1,307 1,066 [B] [A] – [B] 224 1,392 1,000 1,224 392 C] [D] [E] Net Working Capital [A] – [D] VIOM IMPEX Working Capital Assessment as per PBS Method [Rs. in lacs) Particular 1. 2. 3. 4. 5. 6. Current Assets Current Liabilities Working Capital Gap Net Working Capital brought in Assessed Bank Finance Net Working Capital to Total Current Assets ( in % ) 7. Bank Finance to Total Current Assets ( in % ) 8. Current Liabilities to Total Current Assets ( in % ) 9. Sundry Creditors to Total Current Assets ( in % ) 10. Inventories to No. of Days 11. Receivables to sales (in Days) 12. PBT / Sales ( in % ) 13. PBT / NWC ( in % ) 14. PBT / Total Assets ( in % ) Year 1 Year 2 Ye ar 3 Year 4 Year 5 ,616 224 1,392 392 1,000 1,820 244 1,576 576 1,000 2,042 285 1,757 757 1,000 2,258 306 1,952 952 1,000 2,373 307 2,066 1,066 1,000 24. 25% 31. 63% 37. 06% 42. 17% 44. 93% 61. 89% 54. 96% 48. 98% 44. 28% 42. 13% 13. 86% 13. 41% 13. 96% 13. 55% 12. 94% 13. 86% 13. 41% 13. 96% 13. 55% 12. 94% 39 39 36 39 43 3. 02% 3. 31% 3. 55% 3. 70% 3. 69% 45. 76% 39. 66% 37. 75% 33. 56% 30. 04% 0. 00% 0. 00% 0. 00% 0. 00% 0. 00% VIOM IMPEX Working Capital Assessment as per Naik Committee Recommendations [Rs. in lacs) Particular 1. Turnover / Sales 2. Working Capital Requirements (25 % of Turnover / Sales) 3. Minimum Stipulated Net Working Capital to be brought in by the unit is 5 % of Turnover Year 1 Year 2 Year 3 Year 4 Year 5 5,930 1,483 297 392 1,186 6,904 1,726 345 576 1,381 8,037 2,009 402 757 1,607 8,648 2,162 432 952 1,730 8,691 2,173 435 1,066 1,738 4. Net Working Capital brought in 5. Maximum eligible Bank Finance (Item 2 minus Item 3) 5. Minimum eligible Bank Finance (Item 2 minus Item 4) 1,091 1,150 1,253 1,210 1,106 VIOM IMPEX Balance Sheet Spread [Rs. in lacs) Liabilities Current Liabilities 1. Short term borrowings from banks (including bills purchased and discounted and the excess borrowings Year 1 Year 2 Year 3 Year 4 Year 5 placed on repayment basis) i) from applicant bank ii) from other banks Sub-total (A) 2. Cyclone Loan Earthquake Loan 3. Deposits (maturing within one year) 1,000 1,000 224 – 1,000 1,000 244 – 1,000 1,000 285 – 1,000 1,000 306 – 1,000 1,000 307 – 4. Sundry Creditors 5. Unsecured Loans (within 1 year) 6. Advances/progress payments from customers/deposits from dealers, – – – – – selling agents etc. 7. Interest and other charges accrued but not due for payment. 8. Provision for taxation 9. Dividend payable 10. Other statutory liabilities (due within one year) 11. Instalments of term loans/deferred payment credits/debentures/redee- – – – – – – – – – – mable preference shares (due within one year) 12. Other current liabilities and provision (due within one year) (Major 13 13 13 13 13 237 257 298 319 320 items to be specified individually) Sub-total (B) 13. Total current liabilities (Total of items 1 to 12) 1,237 1,257 1,298 1,319 1,320 VIOM IMPEX [Rs. in lacs) Liabilities Term Liabilities : 14. Debentures (not maturing within Year 1 Year 2 Year 3 Year 4 Year 5 one year) 15. Redeemable preference shares (not – – – – – maturing within one year but of maturity not exceeding 12 years. 6. Term loans (exclusive of instalments payable within one year) 17. Deferred payment credits (exclusive of instalments payable within 52 39 26 13 – one year) 18. Unsecured Loans (repayable after – – – – – one year) 19. Oth er term liabilities 20. Total term liabilities ( 14 to 19 ) 21. Total outside liabilities ( 13 + 20 ) 25 77 1,314 39 1,296 26 1,324 13 1,332 1,320 Net Worth : 22. Equity Share Capital 23. Preference Share Capital 24. General Reserve 25. Development Rebate Reserve/ Investment Allowance 26. Other Reserves (excluding provisions) SHARE PREMIUM 27. Surplus (+) or deficit (-) in profit and loss account 28. Net Worth (Total of items 22 to 27) 29. Total Liabilities (item 21 + item 28) 215 178 393 1,707 215 389 604 1,900 215 651 866 2,190 215 942 1,157 2,489 215 1,228 1,443 2,763 Additional Information : Arrears of depreciation : Contingent liabilities : Arrears of cumulative dividends ii) Gratuity scheme for staff iii) Other liabilities not provided – i) – – – – – VIOM IMPEX [Rs. in lacs) ASSETS Current Assets : 30. Cash and bank balances 31. Investments (other than long term Year 1 Year 2 Year 3 Year 4 Year 5 4 7 1 5 5 investments, e. g. sinking fund, gratuity fund, etc. ) i) Government and other trustee ecurities ii) Fixed deposits with banks 32. i) Receivables other than deferred and export receivables (including bills purchased and discounted by – – – – – – – – – – bankers) ii) Export receivables (including bill purchased and discount by 627 735 801 917 1,033 bankers) 33. I nstalments of deferred receivables (due within one year) 34. Inventory :i) Raw materials (including stores and other used in the process of – – – – – mabnufacture) (a) Imported (b) Indegeneous ii) Stock-in-process iii) Finished Goods iv) Other consumable spares 35. Advances to suppliers of raw mater- 435 514 – 482 556 – 558 642 – 595 691 – 95 690 – ials and stores/spares consumable – – – – – 36. Advance payment of taxes 37. Other current assets (major items to be specified individually) 38. Total current assets ( 30 to 37 ) 36 1,616 40 1,820 40 2,042 50 2,258 50 2,373 VIOM IMPEX [Rs. in lacs) ASSETS Fixed Assets : 39. Gross Block 40. Depreciation to date 41. Net Block (item 39 minus item 40) Year 1 Year 2 Year 3 Year 4 Year 5 90 14 77 90 25 65 180 46 134 280 65 215 455 80 375 Other Non-Current Assets : 42. Investments/book debts/advances/ deposits which are not current assets i) (a) Investment in subsidiary 15 15 15 15 15 Companies / affiliates (b) Others i) Advances to suppliers of capital goods / spares and contractors – – – – – for capital expenditure iii) Deferred receivable (Other than those maturing within one year) – – – – – 43. Non-consumable stores and spare 44. Other miscellaneous assets includ- – – – – – ing dues from directors 45. Total other non-current assets (total of items 42 to 44) 46. Intengible assets (patents goodwill – – – – – 15 15 15 15 15 preliminary and formation expenses, bad/doubtful debts not – – – – – provided etc. ) 47. Total assets (Total of items 38, 41, 45and 46) 48. Tangible net worth (item 28 minus 1,707 393 1,900 604 2,190 866 2,489 1,157 2,763 1,443 How to cite Project Report, Papers Project Report Free Essays A Summer Project Report on â€Å"Create Awareness about Whirlpool Brand of Accessories and Purifier in the Market and Design a plan to make them a household usage item† Towards partial fulfillment of Master of Business Administration (MBA) (affiliated to U. P. Technical University, Lucknow) Submitted To:- Submitted By: Mrs. We will write a custom essay sample on Project Report or any similar topic only for you Order Now Smriti Srivastava Ashok Kumar Gupta Lecturer MBA IIIrd Semester NIEC, Lucknow 2007-2009 PREFACE Perception of consumer regarding promotional tools of any company entirely depends upon awareness of individuals. Besides these, the availability of right tools to the right consumer at the right place with the right communication are need of the hour. It is the needless to say that the planning, selling and serving he consumer play an important role in the respect. Chance in promotional tools, product line, quality, shape, size and design price channel of distribution etc. are made on the basis of information and choice picked up from the market through constant and incessant research. In order to take decision market would constantly be monitored to have needful information for necessary feed back in the rend of the market. As such the marketing research would be an effective tool of measuring the consumer aspiration and perception. Not only thi, it would also provide a link between then corporate environment and marketing organization. The timely marketing research, thus may be viewed as in evitable tool used an aid to tackle the ensuring tiny and tall problems in marketing . I am sanguine , the finding of the survey would be of immense importance and value for the WHIRLPOOL India Pvt. Ltd, in formulating their marketing strategies and policies. (Ashok Kumar Gupta) ACKNOWLEDGEMENT Really, it is a matter of profound to me to have an opportunity to undergoes summer training at WHIRLPOOL India Pvt. Ltd. In Lucknow. Undoubtedly, it is also of paramount important to thank Mr. Talha Ismile ( Marketing manager), WHIRLPOOL India Pvt. Ltd. , Lucknow who extended his kind cooperation by giving guideline and tips about how to survey the market. I would like to give my special thanks to Mrs. Smriti Srivastava (Lecturer, Dept. of Business Administration, NIEC, Lucknow) he offered time and vital encouragement when I needed it most in Lucknow. The satisfaction and euphoria that accompany the successful completion of any work would always remain incomplete unless we mention the valuable cooperation and assistance of those people, who as an expression of gratitude, constant guidance and encouragement , served as a beacon- lit and crown our efforts with success. IO am sanguine, the finding of the survey would be of immense importance and value for the ), WHIRLPOOL India Pvt. Ltd. , Lucknow in formulating their marketing strategies and policies. EXECUTIVE SUMMARY I started my training with ), WHIRLPOOL India Pvt. Ltd. , Lucknow where I thoroughly studied the current create an awareness about whirlpool brand of accessories and purifier in the market and design a plan to make them a household usage item. In order to complete my research. I look a Lucknow district where I take survey and display all whirlpool Accessories and New Launch R. O. Based System Water Purifier into the prime location. I received some positive response from the customers as customer has shown a very keen interest in Accessories and also in R. O. Based System Water Purifier. I found out that most of the customer where not aware about Whirlpool Accessories and R. O. Based System Water Purifier. My research report contains company profile analysis finding, conclusion recommendation etc. I conclude that most of the people were not aware, hence proper advertisement should be taken to promote the Whirlpool Accessories. TABLE OF CONTENT ? PROBLEM DEFINITION ? OBJECTIVE OF THE STUDY ? COMPANY PROFILE ? RESEARCH METHODOLOGY ? DATA ANALYSIS ? FINDING ? SUGGESTIONS RECOMMENDATIONS LIMITATIONS ? SWOT ANALYSIS ? CONCLUSION ? ANNEXURE ? BIBLIOGRAPHY PROBLEM DEFINITION In Whirlpool studying about methods for marketing of water purifier and accessories with respect to its competitors The first motive of the company is to aware about the impurities of water and TDS level which is most probably unknown by the people and tell the difference between RO (Reverse Osmosis) and UV (Ultra Violet) And which system is useful for the consumer it de pends upon the TDS level of the water and minerals and impurity found in the water at present Indian Government recommended the TDS level of water for Human consumption is 120-140 and if it is near about 150 to 170 there is no need for RO water purifier. But if it is more than 180 then it is strongly recommended that RO technology can reduce the TDS level of water there is no use of UV technology In accessories Whirlpool introduces a wide range for products which is very useful for Home Appliances. Most of the cases it is seemed that appliance can not give 100% satisfaction to its users due to the carelessness or not giving right advice to users. People use costly appliance but not uses the recommended thing with product. Which should be harmful for appliance and this cause to be a big fault. In accessories there are so many products which increase the efficiency of appliances and increase its life with very minimum cost. And there are so many products which can be use in twice way i. e. refrigerator and microwave oven the products are cilico tray and neat and fresh kit. RESEARCH OBJECTIVE The Research Objective is to prepare a model which will give the maximum leverage to marketing to its product and establish Whirlpool as a Market leader in both segments. To fulfill the objective of Research When Whirlpool launched this series of Water Purifier and Accessories the advertisement was done by company at television and make a display of the water purifier units at every place where dealers have whirlpool products. And when the technician goes for installation of the machinery or repair it he display the same. It is also the study of competitors who are selling Water Purifier and accessories and what method and marketing strategy they are using to selling their products. By studying that we can get the method which is useful for selling the whirlpool products. So the first thing is to get the information about other companies who are selling the accessories and water purifiers. For that purpose we met the marketing executives and service engineers of other companies like IFB, LG and SAMSUNG. So their preference is to give maximum quality and proper services to its consumers after sale. SOME MAJOR OBJECTIVES OF STUDY 1. To study the current market of Lucknow . 2. To study the awareness level of customer about the WHIRLPOOL accessories and water Purifier. 3. To suggest how can sell of water purifier increase in market. COMPANY PROFILE How to cite Project Report, Papers

Social Responsibility of a Business-Free-Samples-Myassignmenthelp.com

Question: Disccuss about Does business have a social responsibility?. Answer: Business The term business can be explained as exchange of goods and services for money. It can be further explained as the work related with buying, production and selling of goods and services in exchange of some funds[1]. For a business corporate social responsibility is very beneficial which can be defined as follows: Corporate social responsibility Corporate social responsibility can be explained as the initiative taken by the business organization in which they take responsibility of their effects on environment and society.[2] It can be further defined as the ethical principle according to which the organization should be responsible for their behaviour and effects on society and environment. According to my point of view corporate social responsibility is very necessary for the business organization because this is the era of social business organization. The business organization who actually follows corporate social responsibility (CSR) is the most successful as it gives many benefits to the organization which are as follows: Reputation: CSR practices help the business organization to build good reputation among customers and the society which will further lead them towards the goals of the organization[3]. For example if we talk about India, a company called Indian Oil Corporation limited has highly contributed in the women empowerment which has increased the reputation of the company. Loyalty: CSR practices help the organization to gain the loyalty of the customers. The people generally like to deal with the companies which are literally responsible. The customers expect business to follow CSR practices as they believed that the organization which is socially responsible will provide good quality products. Therefore it ultimately makes them loyal for the organization[4]. Brand image: CSR practices help the organization to build great brand image of the product. When the customers find the organization responsible then they will buy more products and even recommend others also. Increase the ability to attract talent: The organization which follows CSR practices have good reputation and good brand image among people[5]. Every person wants to work in a socially responsible organization. The organization which performs CSR activities will definitely provide the safe workplace to their employees. Therefore it ultimately attracts the talented staff toward them. Competitive advantage: CSR practices help the organization to survive in this dynamic business environment. It gives competitive advantage to the organization as a socially responsible organization has a good image so it attracts large number of customers[6]. They also gain the trust of the customers by being responsible for their effects. Afterwards it becomes even difficult for them to shift to another brand. According to many studies it has been proved that the socially responsible organization grow faster than the other organizations[7]. The socially responsible organization involves satisfied employees and satisfied customers and it also give competitive advantage to the organization. CSR practice is important for the business organization as the CSR practices involves producing quality products, minimum use of chemical, paying fair wages, no biasness, producing environment friendly products and many more. There are many reasons that can describe why a business should follow CSR practices which are: The employees want their organization to be socially responsible because they want to work in a good environment which involves safe workplace, where they can easily share their opinions with others, where they dont have to face any discrimination regarding their identities, where they get fair wages. In this new era of socially responsible organization the employees not only want their organization to be just not bad they want more than this[8]. Every employee of the organization wants recognition and respect in the organization. They want good organization which includes good environment. Customers want business organization to be responsible for their practices. They expect business to follow CSR practices as they believed that the organization which is socially responsible will provide good quality products. A study shows that the average consumer will drive 10 minutes extra to buy the quality products. The customers are even ready to pay extra for those products[9]. CSR practices helps to Attract and retain investors. The investors would only like to invest in the organizations which have good reputation and CSR helps to maintain good reputation among investors. In this new era the investors do not only want to know about the financial aspect of the organization but they also wants to make sure that they are following CSR practices[10]. The socially responsible organization captures the attention of the investors by donating the money to some nonprofit organization. They want investors to know that they not only focus on profits but they are also committed towards the environmental issues and causes. They attract the investors by showing their commitment towards the organization which literally has some impact on the lives of the people. CSR practices helps in increasing media coverage. No one will know about your good work till it gets acknowledged by everyone so media coverage is very necessary. Corporate social responsibility is when an organization is doing something good for the environment and society and beyond that. Therefore when the organization is doing good work then it must be covered by media which will create the good image of the organization. CSR helps in reducing cost. According to my point of view CSR helps in reducing cost for the organization as it helps the organization to retain customers, suppliers, investors and employees. They do not need to do advertising to attract the customers and investors[11]. Under CSR practices, the organization by reducing the use of resources can help the environment and save funds also. With some simple efforts an organization can lower the range of cost and increase the range of profits. CSR practices helps in encouraging growth of the organization. The CSR practice gives competitive advantage to the organization as well as strength to the organization to survive in this dynamic environment. Ultimately it leads the organization towards the growth. Under CSR practices employers and employees both get to learn so many new things which can be applied in the workplace[12]. By indulging in CSR practices organization get to learn entirely new things which will encourage the overall growth of the organization. CSR practices helps in engaging customers. No one will know about your good work till it gets acknowledged by everyone[13]. Few years ago a company called Wallmart has established itself as the principal of environmental efforts. Wallmart has become the principal of environmentalism then in 2008, it conducts an ad campaign to create awareness among people regarding environmental issues. Therefore by using CSR one can engage with customers easily. If the message is positive and good then it will be easier to start a conversation with customers. CSR also helps to engage employees. As it helps to engage customers likewise it also helps to engage employees. The organization is losing an opportunity if the employees are not aware of the CSR practices of the organization[14]. A company called Solo Cup Company organized a Sustainability Action Network to make the employees proactive in regards with community service. Conclusion It can be concluded that corporate social responsibility is very beneficial and important for the business organization as it provides competitive advantage to them. It also helps to engage with employees and customers. It also helps to reduce the overall cost of the organization. It enhances the overall skills of the organizations as it helps to increase both the professional growth and personal growth Bibliography Branco, M.C. and Rodrigues, L.L., Corporate social responsibility and resource-based perspectives, Journal of business Ethics, 69(2), pp.111-132 , 2006. BusinessDictionary, business, 2018. Available at: https://www.businessdictionary.com/definition/business.html Chernev, A. and Blair, S., Doing well by doing good: The benevolent halo of corporate social responsibility, Journal of Consumer Research, 41(6), pp.1412-1425, 2018. Friedman, M., The Social Responsibility of Business is to Increase its Profits, New York, 1970. Kotler, P. and Lee, N., Corporate social responsibility: Doing the most good for your company and your cause, John Wiley Sons, 2008. Lydenberg, S. and Wood, D., How to read a corporate social responsibility report: A users guide. Boston College Centre for Corporate Citizenship: Boston, MA, USA, 2010. Muir, S., Top 5 benefits of Corporate Social Responsibility, 2015. Available at: https://cubegroup.com.au/top-5-benefits-of-corporate-social-responsibility/ Tai, F.M. and Chuang, S.H., Corporate social responsibility, Ibusiness, 6(03), p.117, 2014 Wild, M., How Corporate Social Responsibility Benefits Big Businesses, 2014. Available at: https://www.sustainablebusinesstoolkit.com/corporate-social-responsibility-benefits-big-businesses/ Yakovleva, N., Corporate social responsibility in the mining industries, Routledge, 2017. Zadek, S., The path to corporate responsibility, In Corporate ethics and corporate governance (pp. 159-172). Springer, Berlin, Heidelberg, 2007. BusinessDictionary, business, 2018 (online) Branco, M.C. and Rodrigues, L.L., Corporate social responsibility and resource-based perspectives, Journal of business Ethics, 69(2), pp.111-132 , 2006. Muir, S., Top 5 benefits of Corporate Social Responsibility, 2015 (online) Wild, M., How Corporate Social Responsibility Benefits Big Businesses, 2014 (online). Wild, M., How Corporate Social Responsibility Benefits Big Businesses, 2014 (online). Muir, S., Top 5 benefits of Corporate Social Responsibility, 2015 (online). Lydenberg, S. and Wood, D., How to read a corporate social responsibility report: A users guide. Boston College Centre for Corporate Citizenship: Boston, MA, USA, 2010. Yakovleva, N., Corporate social responsibility in the mining industries, Routledge, 2017. Zadek, S., The path to corporate responsibility, In Corporate ethics and corporate governance (pp. 159-172). Springer, Berlin, Heidelberg, 2007. Chernev, A. and Blair, S., Doing well by doing good: The benevolent halo of corporate social responsibility, Journal of Consumer Research, 41(6), pp.1412-1425, 2018 Friedman, M., The Social Responsibility of Business is to Increase its Profits, New York, 1970. Kotler, P. and Lee, N., Corporate social responsibility: Doing the most good for your company and your cause, John Wiley Sons, 2008 Tai, F.M. and Chuang, S.H., Corporate social responsibility, Ibusiness, 6(03), p.117, 2014. Zadek, S., The path to corporate responsibility, In Corporate ethics and corporate governance (pp. 159-172). Springer, Berlin, Heidelberg, 2007.