ASIET- T3 MBA 2017Keerthana V J @ KAMCO , Athani

The Internship study done at “Kerala Agro Machinery Corporation Limited, Athani” was undertaken with the objective to get an idea about overall functioning of an organization and instilling the practice of management in the intern. Agricultural machinery refers to the machinery used at various stages in farming and other agricultural production activities. Increasing demand for food and supplies to support the rapidly increasing worldwide population is driving the need for agricultural equipment on a global level. Favorable government policies such as the promotion of FDI in the agriculture sector in the developing countries is further adding to the demand for agricultural machinery.  While Green Revolution of the 1970s is one of the biggest milestones in this regard, farm mechanization is the talk of the present. The latest trends suggest that considerable numbers of farmers have started opting for machines, beyond tractors.

               Kerala Agro Machinery Corporation Ltd. (KAMCO) was established in the year 1973 as a wholly owned subsidiary of Kerala Agro Industries Corporation Ltd.  (KAIC), Trivandrum, for manufacture of agricultural machinery specifically Power Tillers and Diesel Engines. Subsequently KAMCO became a separate Govt. of Kerala undertaking in 1986.  Paid up capital is Rs. 161 lakh Present Net Worth of the Company is Rs. 6014.14 lakh. Total work force at present is 567 Certified for ISO 9001 - 2000 version from September 2002.

At present, KAMCO has four units located at Athani and Kalamassery in Ernakulum District, at Kanjikode in Palakkad District, and at Mala, in Trissur dist. With the present work force KAMCO can produce 8400 Power Tillers & 1200 Power Reapers per annum.

            The strength of KAMCO is its employees by providing them good welfare schemes. KAMCO has proper support from the state government and it has well committed and highly skilled employees at all levels. KAMCO has strong and accepted products and strong market in India. It have excellent distribution network through its no. of  dealers. KAMCO have good brand name and image for the products. The product of KAMCO are comparatively better in quality than other Indian manufactures. The works done in KAMCO are fully computerized and it has a good budgetary control system. KAMCO is financially sound and have good industrial relations. It follows electronic punching system for workers so that they are available at right time at right place.

            I worked in the finance department of the organization and  also worked in the payroll section of the organization. The person to whom I had to report in the payroll section was accounting staff  Mrs. Sangeetha P.G.  In the payroll section I recorded the salary of the employees. it is a part of data management and  the management information system. The areas which I deal have an impact on the items of financial statement of the company. The salary of employees is the expenses incurred by the company and it comes in the debit side of the profit and loss a/c. The regular employees get medical benefits in the form of reimbursement of their medical bill.it can be either partial or full reimbursement. This reimbursement is also an expense for the company. Any kind of miscalculation in these expenses affects the profit and loss a/c and there by the Net profit of the company.

        In finance department I also recorded the purchase plan and purchase order according to the invoice no. and invoice date of respective suppliers. Purchases come under the trading a/c which affects the gross profit of the company. Suppliers are the creditors which come under the current liabilities in the balance sheet and the changes in the creditors affect the working capital of the company. Age-wise analysis of debtors and creditors outstanding help the KAMCO to manage its working capital in an appropriate manner.

      The date of joining and date of resigning of regular staff, contract staff and apprentices are recorded. Some employees resign very soon and most of the employees remain in the organization. This helps to find out the employee retention rate of the organization.

     The overall reporting was done to the head of the department Mr. P.K.Madhavan. He gave full support to conduct the internship successfully. He provided advice and guidelines to us and also how to behave in an organization.

                           This 45 days Internship Program aimed at creating an opportunity for me to observe, learn, assimilate, and analyses the objectives and vision of the Organization and functioning of its various departments. This enabled me to get a practical and real time feel of various aspects concerned with the organization and to relate to the concepts studied in the classroom.

                       The “internship study” at KAMCO, Athani was under taken with the objective of developing an insight about administration and management of a business firm. The study at KAMCO helped me to gain good knowledge about the operation of a business firm. It gave me a better insight about real life business apart from the classroom studies.