PROJECT REPORT ON CADMACH MACHINERY

BY DHRUV SONI

GENERAL

INFORMATION
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.1 PHARMACEUTICAL MACHINERY IN INDIAN

MARKET

India, with more than 17,000 formulation units, offers tremendous scope
for the pharmaceutical machinery manufacturers to exploit the potential by providing
necessary machinery by ensuring proper design, ease of user application, simple
maintenance and also validation protocol for the new equipment that are essential for the
pharmaceutical companies.

The Indian pharmaceutical industry is catering to the wide spread

spectrum of tableting, capsulation, liquid, injectable, dry syrup/powder, ointment for
formulation processing, material handling, R & D equipment and instrumentation,
coating, bulk drug plant installation etc.

In India, there are around 800 pharmaceutical machine manufacturing and

allied utility service units in the small and medium sector. Though only few companies
have made a mark in the area of branded market, a majority of these units undertake job
works and supply of custom made machineries taking the location advantage of buyers.

India is the fourth largest manufacturer of medicines in the world,

although in terms of turnover the contribution of the Indian Pharmaceutical Industry is
less than 2% of the global total, it is a clear indication that the prices of medicines in
India are the lowest in the world. The manufacturing facilities in India are being
upgraded to the standards of the regulated markets. Today, India has the highest number
of FDA approved facilities outside USA.

Packaging technologies which show substantial potential for growth are

horizontal and vertical form-Fill-Seal machines for different goods, be it solids, granules
or liquids. Blister packing and Cartoning machines, Form-Fill-Seal machines for flat-top-
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

and-bottom models, bag-in-box systems, sterilization and filling technologies for vials
and ampoules, as well as filling and sealing of metal containers are also technologies with
rising local demand.

There are more than 350 facilities in India’s pharmaceutical-machine

manufacturing industry, in categories like instrumentation and process control, lab
equipment, pharma research and development tools and techniques, pharmaceutical
machinery, packaging material and machines, plant design and engineering,
pharmaceutical process technology and software.

India’s pharmaceutical industry has approximately 3,000 active

pharmaceutical ingredient-manufacturing facilities, nearly 5,000 formulation facilities,
and 2,000 other pharmaceutical facilities. Out of these, 300 facilities are in the medium to
large range. Some sub-sectors, including biotechnology, bioinformatics, contract research
and manufacturing services, clinical research organizations, and pharmaceutical
machinery manufacturing, are growing in tandem with the larger pharmaceutical
industry, as experienced human resources and investments spill over into these areas as
well.

If you have a product, which is replicable, scalable, and does not require
after sale support or customization, then you cannot compete with the Chinese. But if you
are talking about pharma machines, then it is just common knowledge that you need the
necessary customization or after sales support and documentation for operating and
maintenance. This is where Indian pharma machine manufacturers have the advantage of
fluency in English and greater technology-orientated skills.

An increasing number of foreign pharmaceutical-machine manufacturers

also have recognized India’s achievements and evolution in the industry. Indian machines
are manufactured and used in accordance with international standards and do not hazard
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

the inspection and approval of their facility. This is one of the many reasons that India
has the most FDA approved facilities in the world.

The recognition of the Indian pharmaceutical machineries and allied

industries supplies has achieved a well-respected status worldwide. In the recent past, the
exposure of Indian Pharma machinery manufacturers to the United States and European
markets has definitely enhanced the quality levels of Indian made machines to a great
extent but the installations have been done mostly I n smaller set ups or companies
owned by Asians. Due to the fact that installations of Indian made machinery at
multinational pharmaceutical companies are very negligible, the real challenge is based in
their ability to penetrate in this segment, which is still the domain strength of machinery
manufacturers from the western world.

To meet the parameters of the challenge and get into this domain, will
definitely transform the outlook in terms of the global acceptability of the Indian brands.
Therefore, this becomes the most significant factor for the Indian players who will need
to address this issue and make necessary preparation to achieve this success like some of
the Indian pharmaceutical drug manufacturers have done in the area of drug
manufacturing and formulations.

The global exposure of the Indian Pharmaceutical industry, especially

during the last 6-7 years, has nurtured the growth and demands on the Indian
pharmaceutical machinery manufacturers are very high. On account of the Indian pharma
machinery manufacturers being highly fragmented and most of them highly dependent on
the business coming from the small and medium scale drug formulators, the pricing
structure of the plant and machinery is highly skewed.

It is only a matter of time that small scale machinery manufacturers will

not be able to keep updated with the latest requirements which could lead to
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

consolidation leaving only large players to remain in this business inn the
long run. One can already see many well known international machinery manufacturers,
which are getting out of business by selling their brands to larger players which are able
to put more money on new product development to keep pace with the new requirements
of the global pharmaceutical industry.

A country like India that has a large population of 1,200 million and is
growing at 2%, which is means adding a population of almost 24 million every year,
which more than the total population of Canada. Looking to the social-economic
condition of India, our country will continue with high poverty levels, which means
cheaper medicines have to be in production for many years to come, which will keep
small manufacturers alive for several years. Therefore, both big players and small players
will continue to thrive in the pharmaceutical machinery segment at least for some more
years.

There is definitely a change in the procurement trend in the

Pharmaceutical industry and this is mostly to do with the acceleration of export, and the
inspection of pharmaceutical units carried out by the international agencies. Many Indian
pharmaceutical companies are importing expensive and high technology machinery
mainly from Europe, US and Korea.

However, the Multinational companies are still continuing with their

strategy of third party manufacturing or acquiring Indian pharmaceutical companies that
have strong manufacturing base in drugs and formulations.

The reason for the lack of pricing power has been already explained above
and due to poor expertise or inadequate spend on product research by most of the Indian
players, this is blocking their path of going big in the international market.

The other important challenge is the inability to attract bright talent and
also the retention of professionals in the machinery manufacturing sector.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

With European companies setting up shop in India during last few years,
the future trend of Indian pharma machinery industry could change drastically. This
change could evolve into the production of newer technologies and also attracting better
talent into this industry. However, this will create a situation for some of the Indian
machinery manufacturers to sell off their business or join hands with foreign
manufacturers in order to remain in the business.

As sterile product manufacturing is a smaller segment compared to oral

solids and liquids, which is produced in a mass scale. The sterile product manufacturing
has stringent requirements and is normally high priced; therefore demand supply situation
of these types of machinery is altogether different. The technology involved for these
products being very critical the number of players in this segment is also quite limited.
The change in the outlook of the Indian pharma machinery on international platform will
certainly make even stronger foundations along with the recognition of the
product/services.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.2 HISTORY ABOUT CADMACH

The CADMACH Works & HO spread across 20,000 square meters of land located in
Vatva the industrial township on the outskirts of Ahmedabad, Gujarat.

CADMACH – Synonym of Care and Dedication for Pharmaceutical Industry by

continuous Innovation, Quality and high standards of performance of pharmaceutical
machinery.

CADMACH has mastered expertise to make / supply ORAL DOSAGE & INJECTIBLE
machines to leading Pharmaceutical Companies GLOBALLY.

The CADMACH complete ranges of machines are exported Worldwide. More than 80%
of the tabletting machines in the various pharmaceutical companies in India bear the
CADMACH logo. CADMACH - a synonym for machines of latest design, precision,
uncompromising quality giving High Performance & uninterrupted output over the years.
CADMACH Regional Offices major cities in India have access to every customer by
giving Technical Support & after sales services.

Innovations / Quality / After sales technical services is a way of life at CADMACH. The
Quality Control Department is well equipped with latest precision instruments to adhere
to the stringent quality parameters from procurement of raw material, all stages of
production till Final Machine assembly / finished.

Quality Control department continuously upgrades the inspection checkpoints based on

customer feedback to ensure better quality of products.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.3 INTRODUCTION OF THE COMPANY

‘CADILA HEALTHCARE’ is a well known pharmaceutical company. Chairman of

CADILA HEALTHCARE decided to develop one company which gives comprehensive
support in the pharmaceutical machinery industries. Because of his efforts ‘CADMACH’
was born in 1967. Today CADMACH is one of the largest company in India and
number one in Asia, engaged in the manufacturing of a wide range of pharmaceutical
machinery. CADMACH’s special emphasis on tabletting, injectables, liquid & ointments
and allied machinery, punches & dies, spares of machinery.

CADMACH has now become a national leader in the field of

pharmaceutical machinery. It is proven fact that more than 80% of the tabletting
equipment in today’s various pharmaceutical companies in this country bears the
CADMACH mark.

CMS- Single Stroke Tabletting Machine Multilayer Tablet Press

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Pharmaceutical machinery is research intensive product. So in

CADMACH R & D has to be carried out in various areas like capacity of machine, new
product development, modification in existing product etc. A continuous effort to
improve technology has been made in all areas of operation of the company. All
technology adopted by the company has been developed in house since technology has
been efficient.

CADMACH’S QUALITY CONTROL department is well equipped.

CADMACH also has technically sound staff. Company makes changes in machines
according to feedback of their customers.

CADMACH represents the CADMACH group worldwide & has been

very successful in penetration countries like USA, Italy, Germany, South Africa &
Australia.

CADMACH has developed appropriate capabilities to compete in the

national & international market. This includes a strong domestic presence, sample
exposure in pharmaceutical machinery manufacturing & marketing areas. Zero defect
products, backward integration in the areas of components, sub-assemblies/assemblies,
right markets, buyers, products, packaging & promotion, sound financial background &
concentration global presence.

With new markets opening up for the Indian Pharmaceutical Industry,

requirement of the quality machinery is expanding. CADMACH with its strength &
experience of over two decades is well poised to explore new avenues.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.4 FORM OF THE COMPANY

Name : Cadmach Machinery Co. Pvt. Ltd.

Year of incorporation : 1967

Factory & Head office : Plot no. 3604/3605, G.I.D.C. Estate,

Phase-IV, Vatva, Ahmedabad.

Registered office : 16, Azad society,

Ambavadi,
Ahmedabad.

Corporate office : Zydus Tower,

Gandhinagar - Sarkhej Highway,
Opp. Iscon Temple,
Satellite, Ahmedabad.

Website : www.cadmach.com

Business type : Manufacturer

Products/Services : Pharmaceutical Machineries, Tablet

Press, Punches & Dies and Spares
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Board of Directors : Mr. J.V. Khambhatta (M.D. & Chairman)

Mr. P.R.Patel (Executive Director)
Mr. V.J.Khambhatta (Executive Director)

Bankers : State bank of India

Auditor : Mr. M.M. Shah & Co.

Chartered Accountant,
3,2nd floor, H.K.House,
Ashram road, Ahmedabad.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.5 PIONEERS & DEVELOPERS OF THE COMPANY

1. Late Mr. R.B.PATEL: He was Chairman of CADMACH. CADMACH is a part

of Cadila Healthcare & established by him.

2. Mr. P.R.PATEL: He is Executive Director & Chairman of CADMACH &

actively participated in the development of the company.

3. Mr. J.V.KHAMBHATTA: He is a co-founder of the company and responsible

for making it one of the largest tabletting press manufacturing in the world. He is
responsible for developing over 50 different machines since 1967. He is M.D. of
the company and handles development activities in the company.

4. Mr. V.J.KHAMBHATTA: He is incharge of day to day operation at

CADMACH & managed to increase the sales & production at good growth rate.
He is technocommercial person & has developed export market in region like
Australia & Italy.

5. Mr. P.H. VACCHARAJANI: He is Deputy General Manager & handles

international marketing, Marketing research, Finding new customers, new
application of product, organize sales promotion and customer’s satisfaction. He
has 19 years of experience in the pharma and allied industries. He has been with
CADMACH since 1984.

6. Mr. K.B. AMIN: He is the Senior Commercial Manager in the CADMACH. His
contribution is much more in CADMACH for more than 30 years. He handles
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

activities of Co-ordination between production, administration and marketing

department.

1.6 QUALITY POLICY

At CADMACH, we would ensure quality in every aspect of business, whether it is

product, people or our response to customers.

We always deliver defect-free and user-friendly products and services, which are of latest
technology and meeting stringent quality parameters at every stage.

We deliver our products in time and will continuously improve our business process to
meet the needs of our customer and work environment.

We believe in teamwork at all levels to achieve Right Quality, Timely Services and
Excellent Workmanship.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.7 VISION OF THE COMPANY

Products / Machines indirectly connected with Public Health will be designed /

manufactured those become pervasive around the WORLD.

We will create significant image of “Made in India” in ALL parts of World.

CADMACH philosophy – Success of an organization is Continuous Innovation, Quality,

Customer Satisfaction & Human Resources / Potential to make GOOD team.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.8 MISION OF THE COMPANY

Anyone can’t establish business without any mission. Each & every company has certain
goals & objectives. Mission defines long term vision of the company in terms of what it
wants to be and whom it wants to serve.

“ADVANCEMENT THROUGH TECHNOLOGY” is mission

statement of the CADMACH.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.9 ACHIEVEMENTS OF THE COMPANY

CADMACH is the only Indian company in this segment to receive the

import substitution award, twice from the government of India.

It has received the best Performance Award for Export Excellence, thrice
from the Engineering Export Promotional Council.
 PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.10 ORGANISATION STRUCTURE

Boar of Directors

Chairman & M.D. Executive Director Executive Director

(Shri J.V.Khambhatta) (Shri P.R. Patel) (Shri V.J.Khambhatta)

Technical Commercial

R&D
Pro.Dgm
(Mr.B.K.Chhniyara
(Mr.V.R.Patel
)
)
Production
(Mr.M.R.Mistry)
Design mgr. R&D -Sr Mgr.
(D.P.Chhatralia) (Mr.H.G.Pishavadra)

Dgm-QC
(ShriD.M.Bagdai)

Sr.Mgr.
Planning
(Mr. R.M.Patel)

Account-Dgm Costing-Dgm Commercial

Mr.G.K.Barot (Mr.P.D.Modh) (Mr.K.B.Amin
)
Manager-Stores
(Mr.H.V.Patel) Mkt.-Dgm Manager
(Mr.P.H.Vachhrajani) (Mr.K.L.Rathod)
H.R. Manager
(Mr.Bakul Vyas)
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Mkt.Head(Domestic)
(Mr.Anil Shukla)

Personnel Security

1.11 GOALS AND OBJECTIVES OF THE COMPANY

1. To increase the market share.

2. To continue better image of the company.
3. To manufacture innovation product.
4. To sell more equipment.
5. To increase customer satisfaction.
6. To reduce cost while producing more.
7. To increase employee satisfaction.
8. To boost export & thereby save foreign exchange.
9. To improve quality of product.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.12 CADMACH – ALL INDIA NETWORK

Bangalore : N. J. Chamber, Third Floor,

22/2, Venkatswamy Naidu Road,
Opp. Hotel Harsh, Taskar Town,
Bangalore-560051
Ph.: 080 - 41494140
TeleFax : 080- 22861615

Chennai : "Shoba" Flat No:D-2, Third Floor,

No:12, 10th Avenue, Ashoknagar,
Chennai - 600 083
Ph. : 044-24899710
TeleFax : 044-24897804

Hyderabad : 302, Shamshiri Estates,

11-5-423, Redhills, Lakdi-Ka-Pool,
Hyderabad-500004.
Ph.:040-66666301
Fax:040-23372127

Kolkatta : 52, Rishi Aurobinda Sarani, Flat no. 1,

Ground Floor,
Kolkatta – 700 900.
TeleFax: 033-25315430
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Mumbai : 101/B, Poonam Chambers, 1st Floor,

Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400 018
Ph. : 022-24948753 / 24936612 / 24973430
Fax : 022-24938042

Delhi : 7-K, Gopala Tower,

7th Floor, 25 Rajendra Place,
New Delhi - 110 008
Ph. : 011-25742842
Fax : 011-25733329

Ahmedabad : CMC MACHINERY

Plot No. 3604 & 3605,
GIDC, Phase IV, Vatva,
Ahmedabad 382 445. INDIA.
Phone No: +91-79-25841491/92/93,25841817/53,
Fax No: +91-79-25842602
Email : [email protected]

CADMACH – INTERNATIONAL NETWORK

USA : CMC Machinery LLC

210, Carnegie Center,
Ste 103, Princeton,
NJ 08540, USA
Phone: 609-750-8880
Fax. : 609 716 6002
E-mail : [email protected]
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1.13 INNOVATION & TECHNOLOGY

CADMACH attributes its success to NEW

DEVELOPMENTS/INNOVATIONS by strong team of Design & Development.
CADMACH Design & Development Team is equipped with latest tools to Design &
Develop tomorrow’s NEED of Pharmaceutical Industry Today. CADMACH has been
always FIRST in Indian Pharmaceutical Industry to provide machines as per International
Standards.

Latest INNOVATION after Tablet Press C 100 is C 300.

T3 (Tableting-Tools-Technology) has been the driving force behind the

growth of CADMACH.

CTX II high speed double C 100 high speed single rotary tablet
press. sided rotary tablet press
with exchangeable turret.

1.14 COMPETITOR’S DETAILS

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

The competitors of CADMACH MACHINERY Co. PVT. LTD. are as

follows:

 CHAMUNDA PHARMA MACHINERY PVT. LTD.

Chamunda Pharma Machinery Pvt Ltd was founded in 1981 in
Ahmedabad , INDIA when a team of engineers designing a tablet press
found that available tablet press technology couldn't meet the stringent
demands of the pharmaceutical industry in terms of excellence in design,
quality of engineering and service, delivery as per the customers' schedule
and at affordable pricing. The chief founders of the organization are Mr. J.
J. Soni (Chairman) and Mr. M. P. Suthar (Technical Director).

 CEMACH MACHINERIES LTD

“CEMACH” had laid it’s foundation stone before almost 20 years with a
clear vision “to be the best solution provider in tablet tooling
technologies”. A technocrat dedicatedly started catering pharmaceutical
industries in mid 80s & grown high as a renowned multi function pharma
equipment supplier in India.

 PAM MACHINERY
PAM is a member of the ACG Worldwide and is the flagship engineering
company of the group. It is one of the largest Asian Pharmaceutical
machinery company and probably the only one in the World which builds
the entire range of capsule filling machines in-house. PAM operates in 84
countries around the globe and is a market leader in many countries.

 KARNAVATI ENGINEERING LTD.

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Karnavati Engineering Ltd (KEL), is a well-established( 1981 AD)

manufacturer of “RIMEK” Brand of precision components and machinery
for pharmaceuticals and allied industries. KEL has been at the helm of
technology revolution in the field of Pharma machinery for a decade and
has become synonymous with tablet press series worldwide.

 PANKAJ INDUSTRIES
With more than two decades of experience, Pankaj Industries is one of
leading manufacturers and exporters of pharmaceutical machineries,
pharmaceutical packaging machine and spares. Pankaj Industries is the
flagship of renowned Pankaj Group of Industries. Our meticulous
planning, efficient management of manpower and optimal utilization of
resources has enabled us to successfully cater to the requirements of our
global clients.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

PRODUCTION

INFORMATION
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

2.1 INTRODUCTION OF PRODUCTION

Operation management is one of the major departments of any

organization. It plays a crucial role in all the activities of company management. All the
business activities revolve around the production process.

The term product refers to the creation of goods and services to satisfy the
needs and wants of the consumers. The production process is nothing but the step-by-step
conversion of material form to another. It is the process comprises of various inputs and
then these inputs are processed to convert them into required form of output. Here, the
inputs can be in the form of tangible goods or intangible goods.

Production department is the most vital aspect in a set of organization because the
success of the industry depends upon the targets that are fulfilled by the production
department. Thus, it is essential to develop a production structure in the industry.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

2.2 PLANT LAYOUT

PERSONNEL HEAT TREATMENT

CANTEEN SHOP
DEPARTMENT

FABRICATION SHOP

M/C M/C SHOP

BUFFING & SHOP
FAB.

STORES PRODUCTION
BUFFING DEPT. OFFICE
ZONE PLANNING
TOOL DEPT.
CRIB CNCSHOP

MACHINE PAINT SHOP ASSLY. SHOP

DISPATCHIN
G

TRIAL
RECEPTION OFFICE ROOM

PUNCH & DIE SHOP R & D DEPT.

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

2.3 PRODUCT PROFILE

There are different types of machines are produced by the company. They are
given as below:

NAME OF MACHINE TYPES OF MACHINE

TABLETTING SECTION(MACHINE):
Single stroke tabletting machine(HOKO) CMS-15
CMS-25
Single stroke machine SSF3
16-station rotary machine CMD3-16
Double sided rotary machine CMB3-27
CMB3-35
CMB3-45
Square model single sided rotary CMD4-20
tabletting machine
CTX high speed rotary tabletting CTX-26
machine CTX-32
CTX-40
CTXII-37
Square model double sided rotary CMB4-27
tabletting machine CNB4-35
CMB4-45
CADPRESS CPD-37
CPD-45
CPD-55
CPD-61
CADPRESS-II CPD-II 37
CPD-II 45
CPD-II 55
CPD-II 61
CADPRESS-IV CPD-IV 45
CPD-IV 55
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

CPD-IV 69
CPD-IV 75
C-100
C-300
C,SI-650
Rotary Pellting Press(RS-II) RPP-19
RPP-21
Press Coat CPC-500
CPC-900
CU rotary tabletting machine CU-20
CU-27
CU-30
Heavy duty rotary tabletting machne CD3RY-16
CD3RY-23
12-Station slugging machine CMS-3
CMS-12
ALLIED PRODUCT OF
TABLETTING MACHINE:-
Granulator CMJ-8
CMJ-12
CADMILL CMC/CM
Slaving,grading & straining machine CSGS-500
CSGS-750
Mixer CMH
CMH-4
Coating macine CMP-30
CMP-36
CMP-42
CMP-48
CMP-60
CMP-72
Drying Oven-48 Tray machine CMO-100
CMO-200
CM0-300
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Dry Oven-24 Tray machine CMNFS

Dust extraction unit 700-b
De duster machine CMDD/N
Hot air blower
Roll Compactor CMRC200/50
CMR200/70
CMR200/100
CMR200/150
Tablet hardness tester CMTT
Strip packing machine CMSP-2
CMSP-4
CMSP-6
INJECTABLE MACHINE:
Automatic ampoule filling & sealing CAF-04
machine
Automatic ultrasonic cleaning machine CAVC-07
LIQUID MACHINE:
Colloid mill CMCM5
OMMENT MACHINE:
Tube filling machine CTF
Triple roller mill CTR-100

MARKETING
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

INFORMATION

MARKETING DEPARTMENT

Marketing is an activity of directing, coordinating, organizing and

controlling sales activity. Main ideology of marketing department is to increase sales of
the company by making efforts by satisfying customer needs and wants. Marketing
involves advertising and propaganda of products; it has to watch over sales and distortion
activities.

WORKING OF DEPARTMENT

Sales department or sales person convince customer by their sales

activities. Communication skills will help to get orders.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1) Purchase order from customers with complete description and delivery dates are
fixed and given to the zonal office.
2) The policy of management of the organization is to take 50% money in advance.
3) Delivery dates then given to PPC department.
4) Conformation of order issued after payment is received in head office in
Ahmedabad.
5) After completion of the product and approval of QC department, the products are
sent to stores.
6) Perform invoice is sent to customer carrying all details about product produced
and copy is sent to main office.

MARKETING is a social and managerial process by which individuals

and groups obtain what they want and need through creating, offering and exchanging
products of value with others.

Marketing is the wide term, it doesn’t merely include the efforts which
affect transfer in ownership of goods and care for their physical distribution. But it is a
total system of interacting business activities designs to plan, price, promote and
distribute wants – satisfying products and services to present and potential customers. It
represents a distinct philosophy of business that has emerged over the recent years is the
purpose of any business to create a customer.

Thus, the modern concept of marketing focuses on the consumer and the
satisfaction of his need. That’s why modern marketing is said to the consumer oriented in
its approach.

Marketing is the main reason for the existence of any business. In this age
of rapid change, marketing is the spring board of all business operations.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

With the view to reaching the pharmaceutical production centers

spread in the nook & corner of India, CADMACH Marketing set up is well defined
and well organized, having its regional offices in major metros & mini metro towns
of India. Full fiedged CADMACH offices are located in Mumbai, Delhi, Calcutta,
Chennai, Bangalore & Hyderabad manned by well qualified, dedicated & highly
experienced sales staff. After Sales Service Centres are the part of the regional sales
offices which keep a live wire contact with the varied clientele so as to ensure
minimum machine downtime.

3.1 CADMACH’S BRANCH OFFIECES SALES

BRANCH OFFICE ACTUAL SALES ACTUAL SALES BUDGETED

YEAR YEAR YEAR
2007-08 2008-09 2009-10
(Rs. In lakhs) (Rs. In lakhs) (Rs. In lakhs)
AHMEDABAD 696.58 706.76 750.00
MUMBAI 1410.87 1549.61 1850.00
HYDERABAD 346.32 567.39 550.00
BANGALORE 336.28 210.90 350.00
CHENNAI 107.36 214.86 270.00
KOLKATA 138.26 223.63 140.00
DELHI 807.67 624.28 990.00
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

CMC (EXPORT) 1332.16 1287.19 2000.00

TOTAL 5175.50 5384.62 6900.00

CADMACH export its product through CMC machinery (A

Partnership firm of same management). CADMACH exports in major
countries like USA, Italy, Germany, South Africa, Australia, Indonesia,
Nigeria, Zambia, Bangladesh, Srilanka, Ghana, Canada, Malaysia,
Ravanda, Sudam, Egypt, Newzealand & gulf countries.

3.2 MARKETING OF THE COMPANY

At present, in the world there are 5 selling approaches are used.

1. Production concept.
2. Product concept.
3. Selling concept.
4. Marketing concept.
5. Societal marketing concept.

Marketing approach says that we have to produce only those goods which
satisfies needs & wants of target market with efficiency & effectiveness. With view to
reaching the pharmaceutical production at present, in the world there are 5 selling
approaches are used spread in the nook and corner of India, CADMACH marketing setup
is well defined and well organized, having its metros and mini-metro towns of India.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

CADMACH has six branch offices and a head office all over India.

NAME OF BRANCH AREA COVERED

Ahmedabad Gujarat,M.P.,Rajasthan
Bangalore Karnataka
Calcutta W.bengal, Orissa, Bihar & other
eastern state
Chennai Tamilnadu & Kerala
Delhi U.P., Punjab, Hariyana, J.K.
Hyderabad Andra Pradesh
Mumbai Maharashtra, Goa

3.3 MARKETING PROCCESS AT CADMACH

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

INQUIRY

MARKETING

URS

REVERT WITH COMMENT OF URS

PLACING OF ORDER

ISSUE OF JOB ORDER

PLANNING DEPARTMENT

PRODUCTION DEPARTMENT

FAT

DISPATCH

3.4 MARKET SEGMENTS

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

PHARMECEUTICAL INSTRUMENTATION AND

PROCESS CONTROL

PHARMA LAB EQUIPMENTS

PHARMA R & D TOOLS TECHNIQUES

PHARMACEUTICAL MACHINERIES

PHARMACEUTICAL PACKAGING MATERIALS AND

MACHNIERY

PHARMACEUTICAL PLANT DESING AND

ENGINEERING

PHARMACEUTICAL PROCESS TECHNOLOGY AND

SOFTWARE
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

CADMACH has targeted pharmaceutical companies, chemical industry,

fertilizers company. The following are the targeted customers of CADMACH
Machinery Co. Pvt. Ltd.

1. Ranbaxy Pharmaceutical Ltd.

2. Cadila Healthcare
3. Aventis Pharma Ltd.
4. Cipla Ltd.
5. Hindustan Latex Ltd.
6. Bajaja Healthcare Ltd.
7. The Zandu Pharmaceutical Works Ltd.
8. Accent Pharma
9. Piramal Healthcare ltd.
10. Daffodills Pharma Ltd.
11. Dr. Reddy’s laboratories
12. Delhi Institute of Pharma Science & Research
13. Sun Pharmaceutical Ltd.
14. Torrent Pharmaceuticals Ltd.
15. Aristo Remedies Ltd.
16. Watson Pharma Pvt. Ltd.
17. Orchid Chemicals and Pharma Ltd.
18. Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
19. Ayurveda Rasashala
20. Alchemist Ltd.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

3.5 TYPES OF POSITIONING

Attribute Positioning
Benefit Positioning
Use or Application Positioning
User Positioning
Competitor Positioning
Product Positioning
Quality Positioning
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

3.6 PRICING POLICY

Price is the exchange value of the product. Price can be determined

through cost factor, demand and competition factors. Cost of the production serves as the
floor for the basis of the pricing of the product. It is the crucial element of marketing mix.
On the other it is simultaneously a strategic element as it is related to the perception of
quality. Without price there can’t be marketing. Price denotes the value of a product or
service expressed in money.

CADMACH follows the simple strategy of fixing the price of its

products. It considers three factors into consideration, i.e., prices of the raw material,
Cost of products and competitors price, at the time of fixing the price. CADMACH
implement the pricing policies that is Cost-Plus Pricing policy.

PRICING

Pricing

Cost of Raw material Cost of production

Competitor’s pricing
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

While selling machineries, CADMACH concentrates on cost of raw

material and cost of production only. It do not concentrate competitors price because of
its quality product and brand name. CADMACH gets twice or thrice the price of
machine than its customer because of its Brand Name and Quality.

But, while selling punches & dies and other spares, CADMACH needs to
concentrate all the three of the above, i.e. cost of raw material, cost of production and
competitor’s price.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

3.7 CHANNELS OF DISTRIBUTION

Distribution, in the marketing content, is the process of making the

product or services available to the consumer and involves to the end users. Marketing
intermediaries work as a link between producers and users and fill the gaps created when
the direct exchange between the producers and the end users is not possible or feasible. A
manufacturer or supplier may sell or supply the product to the consumer or may take help
of intermediaries to make the same available to the end user.

There is various type of distribution channels through which the producers

can move the goods to end users. For instance,

CADMACH do not include any intermediaries. It sells its product directly

to the customers. CADMACH is doing direct marketing.

Company

Customer
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

WORKING CAPITAL

ARRANGEMENT THROUGH

BANK
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

4.1 INTRODUCTION

Finance management means rising of adequate funds at the minimum cost

and using them effectively in business. In other words, finance is concerned with the
financial problems of the business organization. Thus finance management dose not stop
at procuring the required finance. It has also to see that it is effectively utilized in
business.

“Financial management is concerned with such matters as, how a

business corporation raises its finance and how it makes use of it.”

In the business organization to manage the finance properly and to make

the financial management effective special finance department is created which mainly
perform the function like:

MAJOR FUNCTIONS OF FINANCE DEPARTMENT

 Financial planning
 Raising of funds
 Allocation of funds
 Financial control

4.2 CAPITAL STRUCTURE

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Capital structure describes various kinds of securities with proportion.

CADMACH has a simple capital structure as it has issued only one kind of security, i.e.,
Equity Shares. It has got its capital through equity shares only. The capital structure of
CADMACH is as follows:

AUTHORISED CAPITAL (Amt in Rs.)

PARTICULAR Amount Amount

Equity share capital
25,000 equity share @100 each 25,00,000 25,00,000

5,000 1.5% Redeemable Non Cumulative

Preference share of Rs. 100 each 5,00,000 5,00,000
5,000 2.0% Redeemable Non Cumulative
Preference share of Rs. 100 each 5,00,000 5,00,000
5,000 2.5% Redeemable Non Cumulative
Preference share of Rs. 100 each 5,00,000 5,00,000
10,000 Unclassified shares of Rs. 100 each
10,00,000 10,00,000
Total 50,00,000 50,00,000

ISSUED CAPITAL
(Amt in Rs.)
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

PARTICULAR Amount
Issued, subscribed & paid up capital
22,200 equity share @100 each 22,20,000

Total 22,20,000

4.3 WORKING CAPITAL

Working capital is defined as “the axcess of current assets over current liabilities and
provisions.” In the annual survey of industries, Working capital is defined to include
“stocks of material, fuels, semi-finished goods and by products; cash in hand and bank
and algebraic sum of sundry creditors as represented by (a) outstanding factory payments
(b) purchase of goods and services (c) short term loans and advances and sundry debtors
comprising amounts due to the factory on account of sale of goods and services and
advances towards tax payments.” The term working capital is often referred to
“circulating capital” which is frequently used to denote those assets which are changed
with relative speed from one form to another.

CONCEPTS OF WORKING CAPITAL

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

1. GROSS WORKING CAPITAL

It refers to firms investment in current assets.

2. NET WORKING CAPITAL

It is the difference between Current Assets and Current Liabilities. If the
Current Assets exceed the Current Liabilities, it is a positive.

3. NEGATIVE WORKING CAPITAL

This situation occurs when the Current Liabilities exceeds the
Current Assets.

4. FIXED WORKING CAPITAL

Every firm is required to maintain a minimum balance of cash, inventory
etc. in order to meet the business requirements even in the slack season. This part of
the Current Assets is called as Fixed Working Capital.

5. VARIABLE WORKING CAPITAL

Net Working Capital Minus Fixed Working Capital is called Variable
Working Capital.

ADEQUACY OF WORKING CAPITAL

 PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Working capital should be adequate for smooth running of the operations

and uninterrupted flow of production. It will maintain credit-worthiness in the market
and meet all the current obligations including the payments of dividends to
shareholders. It enables the firm to avail cash discounts by making prompt payments.

Both the inadequate and excessive working capital are dangerous. If the
working capital is inadequate, the production will suffer, credit-worthiness in the
market is affected because of lack of liquidity. Low liquidity and law production may
lead to low profitability which in turn affects the liquidity.

The need for working capital cannot be overemphasized. Given the

objective of financial decision making to maximize the shareholders’ wealth, it is
necessary to generate sufficient profits. The extent to which profits can be earned will
naturally depend, among other things, upon the magnitude of the sales. A successful
sales programme is, in other words, necessary for earning profits by any business
enterprise. however, sales do not convert into cash instantly; there is invariably a
time-lag between the sales of goods and receipt of cash. There is, there fore a need for
working capital in the form of current assets to deal with the problem arising out of
the lack of immediate realization of cash against goods sold.
Therefore,sufficient working capital is necessary to sustain sales activity.
Technically, this is referred to as the operating or cash cycle. The operating cycle can
be said be at the heart of the need for working capital. ‘The continuing flow from
cash to suppliers, to inventory, to accounts receivable and back into cash is what is
called the operating cycle’. In other words, the term cash cycle refers to the length of
time necessary to complete the following cycle of events:
 Conversion of cash into inventory;
 Conversion of inventory into receivable;
 Conversation of receivable into cash.

4.4 WORKING CAPITAL MANAGEMENT

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

Working Capital Management relates to the management of

current assets, current liabilities and their inter-relationship between them. The objective
of working capital management is that liquidity is to be maintained. If the liquidity is not
maintained, the production and profitability will be affected. There are three important
issues in formulating working capital policy as follow:

(A) Ratio of current assets to sales

(B) Whether working capital is to be financed by short-term financing or long-
term financing.
(C) If it is by both, the ratio of short-term financing to long-term financing, i.e.
25% of working capital is by long-term financing and balance 75% by bank
financing as per Tandon Committee recommendation within the Permissible
Bank Finance (PBF). Hence, it is finally stated that working capital
management is a policy decision in respect of liquidity and financing.

Fixed Assets are to be financed by own funds and long term liabilities
raised by unit while Current Assets are partly financed by long term liabilities and partly
by current liabilities and other short term loan arranged by unit from the bank.

The total C.A. with the firm may be taken gross W.C. Whether the net
W.C. may be calculated as under

Net W.C. = CA – CL

CADMACH Finance its WC through short term borrowing means from

CL any part of WC is not finance by long term liabilities.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

The assessment of WC may be involved two aspect as under

 The level of CA required to be held by any unit which is adequate for its day to
day function.

 The mode of financing of CA

 PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

4.5 VARIOUS DETERMINANTS OF WORKING CAPITAL

OF CADMACH

CADMACH concern with an engineering and following factors are

influence working capital need of firm.

1. Nature & size of business.

2. Manufacturing cycle.
3. Credit policy-both for customers and from suppliers.
4. production policy.
5. Growth and Expansion activities.
6. Business fluctuations and seasonal fluctuations.
7. Profit margin and profit appropriation.
8. Volume of sales and price level changes.
9. Operating efficiency.
10. Inventory turnover.
11. Liquidity and profitability.
12. Inflation factor.
13. Attitude to risk.
14. Profit planning and control.
15. Changes in technology.
16. Degree of mechanization.
17. Government policy.
18. Issue of Bonus Share.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

NATURE AND SIZE OF BUSINESS

CADMACH is a large scale industry and it manufacturing number of

varieties of pharmaceutical machinery. It has not mass manufacturing but it manufactures
the machines as per the orders placed by customers. More than 85% of the tabletting
equipments in today’s pharmaceutical companies is Indian subcontinent bear the
CADMACH mark and is exported to more than 25 countries worldwide. So it is facing
international competition. Number of pharmaceutical machines are running all over the
world, hence it has to keep some finished spare parts also in stock to fill full immediate
requirement of the customers, in case of machine maintenance and brake-down. Hence
CADMACH has invested substantial amount in working capital.

MANUFACTURING CYCLE
Manufacturing cycle comprise of the purchase and use of raw material
and production of finished goods. CADMACH’S manufacturing cycle is longer, so
substantial working capital is invested in raw material, WIP parts and finished goods.

FIRMS’S CREDIT POLICY

The general sales policy of CADMACH is to dispatch goods after receipt
of payment. But firm has built its strong business relation with customers, it gives some
credit also to customers.

AVAILABILITY OF CREDIT
CADMACH purchased the raw material on credit, which helps to borrow
the less working capital from bank.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

4.6 CADMACH CASH, CREDIT AND INVENTORY

MANAGEMENT

CASH MANAGEMENT
CADMACH has not surplus funds.

CREDIT MANAGEMENT
Company is not selling any product on credit basis. So company has not
any problem regarding credit management. (Some product sales on credit basis only
because of long good relation with buyers)

INVENTORY MANAGEMENT
CADMACH produces variety of products of pharmaceutical machines.
Production schedule prepared on the basis of machine order booked and raw material is
ordered out accordingly. Company produce number of machines and each machines
required number of parts. So, company’s material requirement is wider. Thus, it is
difficult to standardize EOQ, recording level, Safety stock level etc. It is also difficult to
categories moving, non moving and slow moving inventory.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

4.7 RATIO ANALYSIS

Ratio analysis is a widely –used tool of financial analysis.It is defined as the systematic
use of ratio to interpret the financial statements so that the strengths and weaknesses of a
firm as well as its historical performance and current financial condition can be
determined.The term ratio refers to the numerical or quantitative relationship between
two items/variables.The relationship can be expressed as:
(1) Percentage.
(2) Fraction.
(3) Proportion of numbers.
These alternative methods of expressing items which are related to each other are,for
purposes of financial analysis, referred to as ratio analysis. What is the ratio do is that
they reveal the relationship in a more meaningful way so as to enable us to draw
conclusion from them.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

RATIOS

1. Current Ratio:-
As a conventional rule, a current ratio of 2:1 or more is considered satisfactory,
But it depends on each industries on peculiar problems. This ratio may between 1.5:1 to
3:1. In above ratio analysis statement of cadmach is not touch at standard point in all 4
years. So it is not satisfactory.

2. Quick Ratio:-
This ratio gives information about company’s liquidity position. As the
conversion of inventory into cash will take time so it is excluded from current assets. It is
also called Acid-test ratio. Standard is 1:1. Referring the above ratio analysis statement
of cadmach, the quick assets are very low compare liabilities in all 4 years. It may
possible that company delay in paying its current obligation in time.

3. Profitability Ratio:-
In this ratio gross profit ratio and net profit ratio are included. High ratio indicate
higher profitability & low ratio indicate lower profitability. In above ratio analysis
statement of cadmach, here profitability is very week.

4. Inventory turn over Ratio:-

A ratio of 6 to 7 times is considered satisfactory. A high inventory turnover is an
indication of good inventory management. A low ratio indicates excessive
inventory.cadmach is an engineering company and its raw material consumption about
48%. Considering the consumption and long process cycle, inventory turnover ratio is not
touch to convention ratio, but gradually it is increase year to year, so it is good.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

5. Fixed Turnover Ratio:-

If the ratio is high, it indicates that the firm is over trading on its assts. If the ratio
is low, it indicates that the firm has an excessive investment in fixed assets. 3 times ratio
is convention ratio and a ratio of 5 or more time is an ideal. In all 4 years it reached more
than 5 times. It shows that without increase in fixed assets, company has utilized its fixed
assets efficiently.

6. Working capital turnover Ratio:-

No.of factors affected W.C. Being an engineering company & lengthy process
cycle much more investment is required in inventory but company’s good sales & cadh
inflow, company is utilized its money 7-8 times in year.

7. Debtor Turnover Ratio:-

This ratio indicates the speed at which the debtor are converted into cash. Debtor
Turnover Ratio of 6:1 is satisfactory. Ratio also indicate quality of debtor. Company’s
average age of debtor turnover ratio is satisfactory. On an average company is collecting
its debt less than 3 months.

8. Creditors Turnover Ratio:-

This ratio indicates the speed at which the creditors are paid. The optimum ratio is
dependent on the credit period allowed by suppliers. Above statement shows that
company is not paying to suppliers in time.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

4.8 WORKING CAPITAL ARRANGEMENT THROUGH

BANK

4.8.1 APPLICATION
Application forms for WC finance from bank have not been standardize
except priority sector. Bank’s have application for credit facilities is required to be made
on the prescribed forms of the concern bank.

CADMACH applied for cash credit in Bank Of Baroda, Ashram road

branch.

Following details were submitted along with application.

 Documents relating to the constitute of the applicant, status of concern documents

which gives information about the promoters and about the borrowing units.
 Provided copies of Articles and Memorandom of Association with certificates of
incorporation and commencement of business.
 Brief history of concern which covered its association with other and also gave
code.
 Brief history of promoters, their experience, their other projects and statement of
assets and liabilities of promoters. And also furnished personal guarantee of
promoters.

For information regarding the borrowing u it, CADMACH had submitted

Balance Sheet and Profit & Loss account of the firm and also provide information
regarding estimated figure of the current year projected figure of the next year.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

These all information CADMACH had submitted when first time applied
for cash credit. CADMACH applied for renewal. Company provides Balance Sheet and
Profit & Loss accounts which give information regarding past records as
well as estimated and projected figures. Quarterly statement also submit to bank if bank
ask for it.

4.8.2 FINANCIAL STATEMENTS

The financial statements are

(1) Balance Sheet

(2) Profit & Loss Accounts

4.8.3 CMA DATA BASE:-

“Credit Monetary Arrangement” is administered by central data of
these forms to Reserve Bank is necessary for all references made for post sanction
security under CMA. In addition borrowers required to get cost audit under the
company’s Act, 1956.

All borrowers enjoy WC limit of Rs. 50 lacs. CADMACH WC

requirement is more than Rs. 50 lacs, so CADMACH has to fill prescribed form for
CMA.

4.8.4 JUSTIFICATION:-
Borrowers submitted CMA data to the bank. After that Bank Scrutinize all
the forms and asked query to the company. Company may clarify points raised by
bankers. On satisfaction of banker he may carried over further process.

4.8.5 SANCTION LETTER:-

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

On approval of concern authority sanction letter has provided to the

company with term and conditions.

4.9 BANK BORROWING

Bank constitute as institutional source of financing the working capital

requirements in India. Bank consider various aspects such as production and marketing
plans of the customer while determining the credit requirement. The amount so
determined by the bank is known as credit limit. Bankers are required to fix separate
credit limits for various type of credit facilities to be extended to various type of
borrowers. Margin are kept by the banker before granting finance. This is based on the
principle of conservation and is decided to ensure safety of funds.

TYPES OF BANK BORROWING:

Banks extended the following type of financial facilities to the customers:

1. Over Draft
2. Cash Credit
3. Purchase of Discounting of Bills
4. Demand Loans

Cadmach machinery Co.Pvt.Ltd.:

Using cash credit facilities through Bank of Baroda for its W.C. Company
had applied for the C.C. of 85 lacs and sanctioned by the bank in 1997-98 and has applied
for renewal of C.C. for 85 lacs for its W.C. Purpose.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

4.10 SECURITY REQUIRED IN BANK FINANCE

Banks generally do not provide W.C. Finance without adequate securities.

The following are the modes of security which a bank may require.

(1) Hypothecation
(2) Pledge
(3) Mortgage
(4) Lien

Hypothecation:-
Under this arrangement, the borrower is provided with W.C. Finance by the bank
against the security of movable property, generally inventories. The borrower does
transfer the property to the bank; he remains in the possession is a charge against
property made available for an amount of debt where neither hypothecation only to first
class customers with highest integrity. They do not usually grant hypothecation facilities
to new borrowers.

CADMACH’s inventory is hypothecated to Bank Of Baroda against

cash credit facility for working capital.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

5. CONCLUSION

Cadmach combines its global expertise in identifying designing and building

customized tabletting and allied machines for injectables, Ointments & Liquids. More
than 85% of the tabletting equipments in today’s pharmaceutical companies in Indian
subcontinent bear the cadmach mark and exported to more than 25 countries worldwide.

By study it seems that current assets and current liabilities both are continuously
increased. Specifically in current assets, inventory is highly increased and in current
liabilities the amount of sundry creditors is also suppliers in time. Being an engineering
company and lengthy operating cycle, international competition, to keep ready spare
parts for maintenance. company’s credit policy etc. factors are influencing working
capital on bank cash credit sanctioned by Bank of Baroda.
PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

6. BIBLIOGRAPHY

 Company Website:
www.cadmach.com

 Literature of the company.

 Annual report of the company.

 Financial Management by “Khan and Jain” Third Edition.

PROJECT REPORT ON CADMACH MACHINERY
BY DHRUV SONI

ANNEXURE