Bharat Electronics Electronics limited A Navr Navrat atna na Comp Compan any y Panchkula
BEL AT A GLANCE Established in 1954 in bangalore Bharat Electronics Limited (BEL) is a Government of India undertaking set up under the Ministry of Defense Established primarily to meet strategic defense electronics needs of ry. the country. With nine manufacturing units located in Bangalore, Ghaziabad, Panchkula, Kotdwara, Pune, Taloja, Hyderabad, Chennai & Machilipatnam, Bharat Electronics commands a strong presence in practically every vital area of profe of professional electronics in the country. ry. Awarded the coveted ISO 9000 certification, the benchmark of international quality, Q CC CC Award, DSIR (Dept. of Scientific & Industrial Research) Award for Development & Engg, CII-Exim Bank or Strong Commitment To Excel . Excellence Award f or
Contd philosophy is epitomized on its motto Quality, Technology, Innovation. With in-house R&D and state-of -art manufacturing facilities, BEL manufactures a wide range that encompasses Semiconductor Devices, Professional Vacuum Tubes, Crystal Devices, and Solar Cells & Systems
Mission,vision & objective VISION
To be a world class enterprise in professional electronics M ISSION
To be a customer focused,globally competitive company in defence electronics & in other chosen fields & products.
Objective To become a customer-driven company supplying quality products at competitive prices at the expected time & providing excellent support To achieve growth in the operations commensurate with the growth of professional electronics industry in the country To generate internal resources for financing the investments required for modernization, expansion & growth for ensuring a fair return to the investor
Contd To strive for self -reliance by indigenization of materials & components in order to meet strategic needs of defence of the nation. To attain the technological leadership of the company in defense & other chosen fields of electronics through in-house Research & Development as well as through partnership with the defence/research laboratories & academic institution. To progressively increase overseas sales of its products & services To give value for money to customers and & create wealth for shareholders
Joint
ventures
BEL has established two joint ventures with General Electric Medical Systems, USA for Xray tubes & Multi tone, UK for paging systems & has a subsidiary company BEL Optronic Devices Limited for the manufacture of Image Intensifier tubes.
Manufacturing units of BEL across inida
PRODUCTS OF BEL
Integrated circuits and micro circuits X-ray tubes and magnetrons B/W picture tubes HF & broadcast equipment Radars STARS-V SECTEL CNR HUD ACME MK II SPACE GUIDING EQ UIPMENTS AIRBORNE GPS RECEIVER (UA-429) PRIME LUP SRAX TIDEX SECURE FAX SECURE TELEPHONE
PRODUCTS OF
BEL
DEFENCE
Tank driving simulator
Wireless message transfer unit
DEFENCE
RADARS (3 D SURVEILLANCE RADARS)FOR AIR DEFENCE
HANDHELD RADIO TERMINAL
3D Mobile Radar(PSM 33 Mk II)
NON DEFENCE ELECTRONIC VOTING MACHINE
TELECOM ISOTROPIC DOPPLER WEATHER RADAR
TV & BROADCAST
SIMPUTERS ELECTRONIC COMPONENTS
PROCEDURE FOLLOWED DURING DECISION MAKING BEL has a well-defined system of decision making with adequate channels of supervision and accountability. Proposals requiring decisions of any nature are initiated at appropriate Executive level at the Units/Offices and at the corporate level. Proposals generally pass through a minimum of 3 levels before they are approved. All proposals having financial implications are routed through respective Finance Departments/Divisions. Powers sub-delegated to various approving authorities are clearly spelled out in BELs SubDelegation of Powers Document, where required, Departmental/Divisional/Unit committees are formed to facilitate decision-making. Major policy decisions and decisions going beyond the sub-delegation of powers up to CMD level are put up to the Board for approval. A detailed Organizational Chart of BEL, clearly spelling out the areas of responsibilities at various levels, is appended herewith.
SWOT ANALYSIS STRENGTHS
Strong R&D BASE- in- house as well as by close association with DRDO Labs Well-established system & procedures Skilled, dedicated & motivated work force. Compatibility to provide lifetime product support WEAKNESSES Low risk taking ability not proactive enough Lack of aggressive marketing Dependence on defense sector
OPPORTUNITIES &THREATS System solution business Export through off set mechanism Strategic alliances THREATS
Private sector participation in defense production Sourcing of technology- non- availability & exorbitant cost Large number of international players
SECTION OF F&A PAYROLL:
It is very important section of finance and account department. In it basically salary is calculated. When salary is calculated t he date is consider 23 rd of last month to 22nd of current month When salary is calculated following item are taken into consideration. BASIC SALARY DEARNESS ALLOWANCE (Current rate is16.9% of B/ S) H.R.A (Current rate is 20% of B/ S) TRAVELLING ALLOWANCE TIFFIN ALLOWANCE AND ETC
CASH SECTION This
section deal with
the payment through RTGS or ECS mode made to supplier EMPLOYEE Miscellaneous expenses CONTRACTOR ON THE
Bank reconciliation
BASIS OF BILL
Sales Sales section A contract review meeting regarding the amendments in the contract term agreement is done and upon the successful clearance of the product sample sales order is made and outbound delivery is done followed by the raising of invoice and charging of tax and excise duty charge as applicable. Payment is made as per the defined procedure. 15% payment is rec. as an initial advance. 35% payment is rec. for purchasing the material. Another 35% payment is rec. when storage is done and completion it to finish product. 10% payment is made when equipment is sent to store of the party.
Purchase section Purchase order is given Now goods are rec. Now goods are inspected. Now goods are accepted with invoice. Now G/R Pricing is made. And then finally the payment is made.
Miscellaneous section Payment made on annual maintainance contract like maintainance of computer and related device. Payment related to bill of canteen. Payment made on electricity payment Payment made on telephone bill Payment like suggestion given by employee. Payment made on delivery charges like trucks that is supply charges like loading and unloading charges and so on. The payment related to above expenses is according to term and condition of contract that is made by BEL with this part when payment is made all terms & condition is followed.
AUDITORS EVALUATION Its sales turnover had increased to Rs 5,550 in 2010-11 from Rs 5,220 crore in 200910 registering a growth of 6.3 per cent. The PSU registered a growth of 77 per cent in its exports turnover from USD 23.65 million in 2009-10 to USD 41.89 million during 2010-11.
