On a visit to China 2 years ago, I visited a factory in the Guangdong Province that made Computer Tables. It was a Factory Spread over 1 Acre of land and employed over 350 + Employees. It was a typical Family run Chinese Small & Medium Enterprise Factory setup in the last decade amidst China’s great economic boom. After our Business Talk we walked around the factory and saw a Huge Production Line with its sweating workers and gurgling machines, a Planned Loading and Unloading Area, a Small Conference Room to Interact with Customers/Business Associates and a Mess Type Eating Area for the Staff. But there was something which appeared to be missing. The Missing thing was a dedicated department for keeping accounts, filing files, maintaining statutory records. Such a thing was non-existent. When we enquired with the Owner about where is the department to maintain accounting records and paper work , he just pointed to 1 Man sitting on a Table with a Cupboard behind him. In India if a Factory were to Employ 350 People and be a Manufacturing Unit dedicated to Export, a Factory would need at least 5 full time employees in a Dedicated Department for Accounting, Documentation, Paperwork etc. Employing 350 People would require maintaining a multitude of Records, Paper work and Files related to Accounts, ESI, PF, Banking, Export Incentives, Labour, Corporation, Power etc which would need at least a Small Store Room. But the Chinese can do this with 1 Man and 1 Cupboard. It’s a Strange Reality but True !!!
Posted by Gauresh Mehra 
