1

DECLARATION
We the student of LAXMI INSTITUTE OF COMMERCE, SARIGAM, hereby declare that the information presented in this report is correct to the best of our knowledge and has been prepared on the basis of information gained, collected and processed for utilizing our learning in the class of BBA. Our project report on the general study of all department at MYTEX (INDIA) SILK MILLS PVT LTD, is purely the presentation of our own work, We have used secondary data in the report, but have provided proper references at suitable places and this report has not been submitted to any organization for any other purpose. This report here by submitted to LAXMI INSTITUTE OF COMMERCE, Sarigam as a part of BBA. We as a group, undertake the responsibility that in case of any issues relating to plagiarism issue being raised, we would be liable to consequent action by the management.

ACKNOWLEDGEMENT
To improve a little you need to make efforts. Not once or two but till the result and to learn and act, you need guidance. Our own self can undertake no study however big or small; behind every act there are unforgettable memories, efforts, guidance and blessing of those persons without whom this study would not have gone even a small distance. A Project Report is never successfully completed without the guidance from appropriate person. So now its the right time to express our sincere gratitude towards all those, who have helped us to complete the project. We are thankful to co-ordinator of bba department Mr.Pritesh Shukla , distinguished professor of LAXMI INSTITUTE OF COMMERCE for giving us the opportunity to work on this project. It was a great learning experience for us and we could actually put in practice, the learning acquired in the classroom. We, the trainee are indeed very grateful to MYTEX (INDIA) SILK MILLS PVT LTD for giving us to required date for completing our training and Project report. This project helped us in understanding the overall functioning of the industry. We are also thankful to Mr. P. Nachiappan, Managing Director of MYTEX (INDIA) SILK MILLS PVT. LTD, for giving us valuable suggestions throughout the course of the project as well as our internal guide Mr. Virag Shah Without their Guidance the work would never been completed. We would like to remember all the people who were always there for us whenever we wanted their guidance despite of their busy schedule. Its only through their willingness and confidence in us that lad us to understand the real scenario and their contribution from the substantial part of the analysis. And last but not least we would like to thank each of every person who directly and indirectly supported us in during work.
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EXECUTIVE SUMMARY
Today the significance of project work has greater importance in business world. Practical knowledge is as important as theory so that one thing is said, Practice makes a man perfect

In order to get acquainted with how theoretical concepts are being followed at MYTEX (INDIA) SILK MILLS PVT LTD, we have tried to take an overview of departments of the company and its working mechanism. It has given me a chance to learn a lot in the process.

We have also studied about the demand and other details about Textile industries in India by taking an overview of Textile industries. It was difficult to find complete information for our report but we have tried our level best to make a good report.

INDEX

Sr. No. A 1 2 3 4 5 6 B 1 2 3 4 5 6 7 8

Particulars Part I Objectives of the Project Industrial Overview Company Overview Location Vision of the Company Company Perfoma Part II Production Department Finance Department Human Resource Department Marketing Department Company SWOT Analysis Suppliers & Customers Conclusion Bibliography

Page No. 10-18 11 12 15 16 17 18 19-62 19 35 42 52 57 58 61 62

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Objectives of the Project

To understand the Business Operations. To understand the role of Subsystems (Department) and its relationship with other Subsystems. To get the Practical Interface of Industry by applying Theoretical Concepts. To observe the production process of the products of the organization i.e. production process, quality assurance To study the marketing strategies & marketing mix of the organization i.e. 4Ps marketing. To study the overall functions of the company. To run and manage a firm profitably in competitive business environment.

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INDUSTRIAL OVERVIEW
For human being food, shelter & clothing is very important in the modern economic world, day by day people wants the following with high profile of standard of living whether it is food or residential or clothing, for clothing the industry comprehensive is known as textile industries on the concept making the clothing as per the different kind of standards. The multipurpose of product of textile varies clothing for human-being & industrial products. The textile industry is the major industry in India as well as the whole world. The economics of different nations gains the foreign exchanges every year by exporting the valuable textile fabrics, yarn, garments etc, now India is leading cotton garments, as well as man made fabrics to various countries. E.g. Europe, Middle East & African countries.

Advantages of textile fabrics:

1) Light weight & heavy weight suitings & shirting 2) Cotton & cotton blended fabric 3) Water proofing textile e.g. umbrella can be manufactured in desired colors 4) The weight of the fabrics can be woven & the rate is also fixed accordingly 5) Printed fabrics can also available in different ways like shirting ,dress materials & saris 6) End users of textile people uses for clothing in no occasions as per their needs, comforts, & luxuries.

DIFFERENT SECTORS WHERE TEXTILE IS USED:

1) For grain industries in India
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2) Plastic industries 3) Agro industries 4) Ropes industries 5) Fishnet industries

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KEYDRIVERS:
1) Increases the employment 2) Higher rate of wages 3) Income of standard families & economic liberalization 4) Economic growth

INFRASTRUCTURE GROWTH IN INDIA:

Textile production in India is the largest production of textile fiber, yarn, fabrics, garments etc. The textile production of India gets very good name in the world market while having the competition with other nations. Indian textile plain fabrics & designs are recognized by the competitive open world market. Indian textile industries are gaining more revenues by exporting yarn, textiles to different countries. The textile industry is the main industry to maintain the key role of Indian Economy. India is the largest manufacturer of textile Hosiery & the same is export to the various countries termed no.1 among other producers in the world. E.g. Indian T-Shirts has been used by the FIFA world cup players & it was recognized for official dress of the players. The textile industry is making Industrial fabrics by woven used for new project of highways. Plastic coated fabrics carry bags, luggage bags and some other decretive purpose. Fishnets are also from the textile industries by knitting process. These nets are very high profile export to Middle East.

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TEXTILE AND THEIR INVESTMENT:

1) Micro industries are not in force in India 2) Small scale textile industries are unable to compete with large scale industries. 3) Now, automation of textile industries raised in India to fulfill; the demand of Indian textile market. 4) It required most financial investment. 5) Government of India manages textile sectors to give good training to weavers, technician by the power loom service centers. 6) The government of India announced the various schemes like TUFS to the entrepreneurs to enable to cut down their interests of the bank loan which they obtained for machinery purchase from abroad, that is important. 7) The economic growth of Indian financial department (ministry) always happy by getting more revenue in the very largest industry.

CONCLUSION:
1) Textile Industry still giving a great honor to Handloom industry by promoting the poor Handloom weavers by providing subsidies is availability of raw material and government itself taking all the Hand loom products.

2) To promote Handloom government exhibits their products of different states and gets it the value of textile and reaching to the common public everywhere to wear.

3) According to the modernization of textile industries Demand and supply is equilibrium to determine the price of the commodity of textile products, the government of India announced as textile clusters for Valsad district particularly Umbergaon. Umbergaon is having 120
15

major textile industries employed by 25000 people directly or indirectly involved.

COMPANY OVERVIEW:
MYTEX (INDIA) SILK MILLS PVT LTD. established in year 1993 at Umbergaon district Valsad (Gujarat) India.120 km from north of Mumbai location strategically chosen near the Mumbai textile market. This is one of the best textile mfg units in the western India. Mfg facility is impressive with the modern machinery and equipment with installed capacity of 48 SULZER machines. The working capacity of 1, 50, 000 meter per month annually 1 crore 80 lakh meters manufactured by unit. The installed capacity of electricity power is 125 KVA. MYTEX is manufacturing high profile suitings for MYTEX brand and other corporate sector orders. The manufactured goods are easily saleable in the open market and the rest order material is exported by the noted clients. The brand name is MYTEX and is namely good and the brand ambassador in sales for all over India this is due to their team work efforts and the comforts given to the workers is full respect for their energy given to the industry. Technical knowledge of the team is the high level educated and managerial, directed by the technical director assisted by the office staff.

COMPANY POLICIES:
1) Every purchase of each meter of fabrics woven by MYTEX takes almost care to satisfy their requirements. 2) The factory & the premises offer 100% pollution free environment & treated everything fine of factory.

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3) Their management of firmly believes that quality is the only momentary, it is continues improvement i.e. enduring. 4) The management commits itself is green working environment & peaceful working. 5) None of the employees are below the age of 18 years; guided by is vision & various policies like quality policy, environment policy, health & safety policy etc. 6) The company believes in continual improvement its performance is based on dedicated people work. The culture of continue training & participation at all level. In order to achieve the overall excellence through creativity & innovation. The MYTEX suiting high value practice total quality management & techniques. As a strengthen the distribution network the company has developed the marketing representations throughout India to execute the products in the competitive market. The top management, Team of directors is assisted by competent team of qualified & the trained persons & the industry experts the head office in Mumbai & factory at Umbergaon.

LOCATION:

1) CLOSENESS TO BOMBAY: Location of plant & machinery of the co. is at Umbergaon which is very well connected with financial hub Bombay which firms companys major banking as well as raw material sources & activities are smoothly undertaken, while export can facilitated.

2) AVAILIBILITY OF CHEAP LABOUR: co. is able to procure local workforce.

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3) AVAILIBILITY OF SKILLED LABOUR: The firm is able to procure skilled labour from nearby cities & other firms as it is located in textile zone of umbergaon.

4) INFRASTRUCTURE FACILITY: The national highway no.8 is just 17 kms away from the plant as well as the railway station is just 1 km away from the plant. This facility helps the co. to regular procure raw materials from distance places as well as to bring the most efficient manpower at work.

5) TRANSPORT FACILITY: As it is near to National highway no.8 & located in textile zone of umbergaon transportation facilities is available easily.

6) AVAILIBILITY OF POWER: MYTEX is located in G.I.D.C. where power facility is smoothly available to all the firms in umbergaon supplied by DGVCL ( Dakshin Gujarat Vij Corporation Ltd).

7) AVAILIBILITY OF WATER FACILITY: Water is very essential requirement for drinking & it is used coolen purpose supplied by G.I.D.C. varoli river scheme.

VISION OF THE COMPANY

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To Achieve For MYTEX (INDIA) SILK MILLS PVT LTD A Status of a Company This Will Ensure o Customer Satisfaction o Employment To Local People o Continuous Improvement o Profitable Growth o Satisfaction & Pride

Through A Team Work Focusing On.. o Total Quality o Safety Of Individuals o Cost Effectiveness o Productivity o Training

Where.. o Each Individual Enjoys His Work And Has An Urge To Excel o Each Individual Gives His Best To Achieve The Shared Vision

QUALITY IS THE ESSENCE, CHASE QUALITY, QUANTITY WILL CHASE YOU.

COMPANY PERFORMA:

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Name Of the Unit Year of Establishment

MYTEX(INDIA) SILK MILLS PVT LTD. The company commenced on march 1993

Address of Plant

A2/ 229 /2, 1st Phase, G.I.D.C., umbergaon396 171. Tel: (0260) 2563024

Shree Arihant Corporation, Building no.J-2, 1st floor, Address Mumbai Office Gala no. 1 & 2, thane Bhiwandi Road, Near Kalher Pipeline, Kopar Village, Bhiwandi, Thane-421 302. Tel: (02522) 275136 Telefax: 275134 Website Form of the organization Bankers Chairman Directors www.mytex.com Private Limited Company Union bank of India Mr. Raju Sukhija Mr. P. Nachiappan, Mr. Vijay Sukhija

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21

Production: Production is the conversion of yarn and other inputs in the Weaving Machine to make fabrics i.e. what is called Production.
TYPES OF PRODUCTS:
Suitings
:

o Low weight o Medium weight, o Higher weight,

According to the order & Seasons.

YARN:
o o o o o o o o

RAW MATERIAL DETAILS:

Cotton, Blanded yarn, Manmade yarn Polyester Viscose, Polyester cotton, Worsted yarn, Art silk yarn & Different kinds of fancy yarn & poly wool, Poly worsted.

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ENVIRONMENT POLICY
MYTEX (INDIA) SILK MILLS PVT LTD management is committed to:o Comply With . Environment Regulation of the Country. o Produce . Environment Friendly products through the processes and systems in line with conservation of resources. o Adopt . The practice in the operations which reduce waste and pollution in the atmosphere. o Provide . The good housekeeping in the factor. o Review . The working practice regularly to maintain a healthy working for continuous improvement.

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CONSERVE RESOURCE AT MYTEX (INDIA) SILK MILLS PVT LTD

Your Help Makes a Difference Life Is Precious . Be Aware Of Hive Aids Follow Safety Rules . Minimize Accidents Save Energy . Power, Water and Fuel Optimize Production . Improve Efficiencies, Reduce Waste and Defectives Improve Environment . Keep Your Work Place & Home Clean Let Us Make Our Home, Company, Town Clean and Green Together We Can Make the World Better and Improve Our Living

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PRODUCTION PROCESS / BLOw CHART:

YARN WARPING DRAWING LOOMING(WEAVING ) GREY CHECKING MENDING DISPATCH FOR PROCESS

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PROCESS UNIT (DYEING) SCOURING (BLEACHING) (WASHING) GREY SETTING DYEING DECOTIZING (DRYING) STENTERING (FINISHING) FOLDING (PACKING) DISPATCH FOR MARKETING

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Explanation of process:
1)

YARN (preparatory)

Single yarn, double yarn, folded yarn, fancy yarn, texturised yarn, twisted yarn & so on. Raw material yarn is available directly from the spinners & the dealers by transport to the factory according to the design demanded by the market. The yarn is issued to the warping dept. for warping purpose of the beam.

2)

WARPING:

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In the warping dept. is connected with the creel end, the cones for fixing on the design by the warper and creel boy. The total number of ends (threads) desired for warping is drawned through the warper reed to decide the length of the width of warping beam. This is known as warping section designing as per the no. of creel cones. After warping the full section of beam the warper is fixing the backside of the warping machine. Whatever the package of warp sheet from the machine is take into rolling on beam rolls i.e. what is called warped beam.

3) DRAWING:

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The warper beams are shifted to drawing dept. where drawers are there. Warped beam is fixed on the healed frames & reeds with drop pins. As per the job card & the design fully read by the drawer & the reacher they are drawing the following the ends through the drop pins & the wire healds through the reeds are decided by the designing dept. as per the textile fabric required. This way the beam is drawned & shifted to the weaving dept.

4) WEAVING:

Where there are lot of looms as per the gaiting the drawned beam is fixed on the loom & the beam gaiter technician mounting, & gaiting the beam. Missed ends are drawned on the machine itself by the quality control dept. people will come & check the whole process & the machine is ready to start with the help of weaver(operator) as per the design fixed on the electronic name writer & dobby. Now the production starts with appropriate pick wheels fixed. As per the pick wheels the yarn using for weft is calculated along with the width (reed space) the weft calculation is calculated. The

29

fabric process is going on for production. After woven the fabric, the fabric roll is sending for grey dept for grey checking. 5)

GREY:

The grey checker checking the fabric meter by meter to inspect types of faults, if he found any regular fault he may called the appropriate dept. persons to show their fault & he should not be repeated again the same is to be noted in his grey checking book is to be checked every day by the higher authorities. So this is the most important quality control dept. to enable the factorys process to SEE and WATCH. After the grey checking the folder is folding the fabric & sends to mending dept. 6)

MENDING:

Mending dept. there are menders in the dept. putting the roll of fabrics folded in their table & find out the mistakes & they will be mend the fabric & removing the unwanted threads & plug & plunch the fabrics.

7)

DISPATCH FOR PROCESS:

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After the mending process the same fabric is rerolled in the rolling machine or folded by the folder is kept ready for dispatch to process house..

8) PROCESS DEPT.(Dyeing dept.) :

whatever the grey material received from the weaving companies is stored in the grey dept. the same material is to be issued to the bleaching or scouring as per the instruction of the particular owner of the material with a particular lot no. is stamped & each & every piece & confirming the length of the fabric & then the material is to issue the dyeing dept. In the dyeing dept. there are Jiggers & Winch machine there the grey fabrics are put & roated with water & detergent liquid to wash bleach. In some cases if the material is having stains they will not do process like straight away they will not issue directly for washing. So they will issue to stain removing dept. according to the assortment by the part they will select the process machine.

9) JIGGER:
Jigger is the machine there are two cloth rollers front and back with full of fabrics Winch machine is routing clockwise and anticlockwise something after the wait fabrics sending for grey setting width of a appropriate size sending for different heat chambers or heat rolls to dry & set the width there the same material send for dyeing the material send for dyeing the required color. After dyeing the material is to be passed through the decodising machine to the compressed the fabrics & given lusters feel by removing prututery fibers after this process sending to stentery machine for finishing the fabrics, here, the chemical on the shaftner the material is sending for dispatching for marketing.

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PRODUCTION COST:
PRODUCTION COST = Raw Material cost+ Electricity charges + manpower cost + Transportation Charges+ sundry Expenses + plant & machinery cost

Example:
For 200 RPM SULZER machine with 72 picks per minute gives 85% efficiency produce 85 meter per day. 48 MACHINES * 85 METERS = 4080 METERS per day 72 picks means 72 threads woven vertically to find the thickness of the fabric picks are calculated for weft wise weight for fabric cost 4080 meter *30 days Nonstop work with relieving manpower and staff 4080*30 = 1, 22,400 meters per month

Cost of production
company

= total production / total expense of the

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PLANT LAYOUT OF MYTEX:

EAS QUALITY CONTROL &INSPECTION:T

CAR PARKING SECURI DRINKING WATER TY

REST ROOM

DOG HUTS
GATE GARDEN

CABIN

GE NE RA TO R T O I L E T

1ST FLOOR (MENDING)

CABIN COMPUTER

ENETRANCE

RECEPTION

MANAGER CABIN

DIRECTOR

SECTION

KITCHEN

Grey dispatch dept

N O R T H

Grey checking dept

S O U T H

48 MACHINES OF SULZER TW11 85 PRODUCTION DEPARTMENT

DRAWING DEPT

Warping dept

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Yarn dept

WES

As per the requirement of the modern economical world demands vary quality with competitive rate to satisfy their desires, when they get quality materials while they are purchasing they are very happy & gay. The quality needs to maintain & reflected the world-class standard because all the industry are growing very fast up to the international standard. Most of the factories have equipped quality assurance in every stage there is the quality assurance like tensile (strength) & digital strength & testing machine.

Preliminary checking:Now in yarn department there is a yarn tester which gives the use of ground & thinner which we can find out the reeds and picks. In the warping department there are sensors which avoid broken of warping ends. In the drawing department each heald frames, reeds, healds, drop pins are properly checked by the drawing department inspector to enable to standardize & minimize the breakage of ends (threads) there the quality control occurs. The beam gaiters are gaiting the beam very carefully. After starting the weaving machine there is a team of quality supervisors heads by the quality assurance manager (quality in charge). Every quality supervisor is responsible for 24 machines to check the fabric woven on the first stop of a supervisor checks each & every detail mentioned in the job card thoroughly. He has to see patterns, designs, picks, width, yarn quality to use as weft with this type of supervision about the checking of starting of woven fabrics. The woven fabrics rolled shifted to the grey department for grey checking by the well educated technical oriented person. Here, the grey checker is checking very technically by using various concepts finding a mistake which is not visible in the machine, found & call the appropriate man & machine technician & giving instructions to solve that mistake. This way up to grey department quality control is very prompt. After checking again the roll going to mending department for rechecking for further quality control, which few of mistakes of the fabrics is rectified under the mending department people. After the mending there is a final inspection inspector is known as final checker, rechecking both the end of the woven piece. Hence, these goods are ready for dispatch.

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Final inspection:Once the required lot out of total patch (consignment) some of random pieces are taken out by the S.Q.C. (Special Quality Control) in charge before dispatching the Grey goods to the process by the entire satisfaction of the H.O.D. to prevent the rejection is avoided because of this type of quality control is important.

Quality policy:(1) Quality is the essence, chase quality, quantity will chase you. (2) To give customer satisfaction by providing quality fabrics & respect, reliable service. This shall achieve through continue improvement in quality of fabrics, process & system with involvement of all employees of their skills & training to facilitate the intelligent & the skilled persons in the staffs & entire team. This way the management is encouraging the quality policy to stand in the competitive market to achieve the nearly fixed target of sales.

MAINTENANCE ACTIVITY
In simple Maintenance is understood as a set of activities which help keep the plant machinery, equipment, and other tools and fixtures in operating and running condition to avoid losses and accidents during the production. It is understood as the function of manufacturing management that is concerned with day to day problem of keeping the physical plant in good operating condition. In a companies like where the daily production of Textile is approximately accounted to 7 ton, a breakdown in machine can cause huge financial and market losses to the company. Company also is known internationally as a quality Textile supplier and thus effective maintenance is required. Company is also aware about the same and taking necessary steps
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for its maintenance to ensure smooth and efficient functioning of the Plant and continuous Production Process.

The maintenance activities carried at MYTEX (INDIA) SILK MILLS PVT LTD are mentioned as under:

Running Maintenance:

At MYTEX (INDIA) SILK MILLS PVT LTD

running maintenance is practiced when the machine is actually involved and running the production process. Here it inspects all the machine and finds whether machine is processing regularly, greasing, lubrication and temperature is maintained for the effective functioning of the machine.

Shut down Maintenance:

At MYTEX (INDIA) SILK MILLS PVT

LTD shut down maintenance is of most important. It is carried out at each Monday as that day is a holiday. Entire maintenance activities related to all the machines is carried out on this day by the maintenance department.

The detail of machine and Maintenance activities are a mentioned as under.

Machine Set Up Quality Electrical Maintenance.( Checking of Fitting Wiring electrical Settings etc)

ROLE OF EXECUTIVE / SUPERVISOR PRODUCTION:

To be punctual on duty To prepare daily reports and submit to QC. To plan raw material in the shifts.
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To supervise critical operations in the plant. To ensure machinery and equipment up keeping.

ABC analysis (Always Better Control):

The main objective of ABC analysis is to vary the expenses associated maintaining appropriate control associate with the inventory level it is also known as Selective Inventory control method in an organization there are several items (High value) which are less than 10% items but consumption value of if will more than that 75% they are known as A category similarly they made be large number of items 70% of items but the consumption value could be low may about 10 to 15% of the total consumption value or known as c . And the items whose share is 20 to 30 as well as the consumption level is same as B items. The list of ABC analysis of MYTEX (INDIA) SILK MILLS PVT LTD is as under:

CATEGO RY

ITEMS INCLUDED

PERCENTAGE VALUE OUT OF TOTAL INVENTORY

o YARN OF HIGH QUALITY

75%- 60

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B C

o YARN OF LESS THAN HIGH QUALITY

20 30%

o INVENTORY

15% 10

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39

Building:
Land- 3 crores Building- 4 crores Plant & Machinery- 2.98 crores

Inventories
Stock of row materials, stores & spares packing materials etc. Stock of finished goods valued at market value. 70% of cost of sales is for row material.

Investment
They are value at cost Foreign currency transaction- NIL Revenue reorganization- Revenue in respect of sale of goods is recognized at the point of dispatch of goods of customer. Income tax It is charged as per the income tax act under sect 1961, rate taxable is 30% approximate. Information system Factory accounting system is fully computerized.

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Ratio analysis:
Ratio analysis is the key part of financial analysis it is defined as a systematic use of ratio to interpret the financial statement so that strength & weakness of the firm as well as historical performance of post years & current financial condition can be determined.

Liquidity ratio:
Current ratio: - in a measure of margin of safety to the creditors the higher is the current ratio the larger is the amount of rupee available per rupee of current liabilities. Current ratio = current assets / current liability =9, 98, 00,000 / 40, 00,000 =24.95 % Quick ratio: Quick ratio enables as to understand that even of the company is not able to sale us investment in current year & have to pay. Quick ratio = current assets inventory / current liability = 9, 98, 00,000 7, 05,000 / 40, 00,000 = 24.77% Turnover ratio: Inventory turnover indicates the efficiency of the firm in producing & selling its product.

Debtor turnover ratio = sales / Avg. debtors = 7, 05, 00,000 / 13, 00, 000 =54.23 %
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It indicates the number of times debtor turnover in every year generally the higher the value of debtors turnover the more efficient the management of trainee. Working capital turnover ratio: - It measures networking capital gap i.e. net current assets to sales.

Working capital turnover = sales / net capital assets = 7, 05, 00, 000 / 9, 98, 00,000 = 0.71% Profitability Ratios: - The gross profit margin reflects the efficiency with which management producer each unit of product this ratio indicates the avg. spread between the sales revenue.

Gross Profit Ratio = sales - material cost - mfg. cost = 7, 05, 00, 000 30,844,800 36,879,336 Net profit =2775864

= 2775864/ 70500000 (sales) G.P. = 4%

Net profit margin:- It indicates the managerial efficiency in manufacturing, administrating & selling their products it also indicates future capacity to with stands adverse economic condition. Net profit margin = 7 %

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DISTRIBUTION OF INCOME

Particulars

Rate %

Retained Earnings Depreciation Interest Paid Tax Other Overheads Advertisement Selling & Dist Exp Manpower Cost Packing Material Cost Manufacturing Cost Material Cost

3 2 2 3 1 1 4 3

2 9 70

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CASH MANAGEMENT:
Collection of the cash from the bank Cash payment Preparing of vouchers Cash balance verification with system Audit of cash (physical cash) Audit of cash Audit of cash vouchers

INVOICE VERIFICATION:
Receipt of invoice from dispatch Distribution of invoice copies to plans, maintenance & department. Provide details of pending invoice to purchase department. Invoice audit Cancellation of invoice

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ACCOUNT PAYABLE MANAGEMENT:

Preparing list of payment to be made. Follow up for funds of head office. Keeping track of bank balance. Provide weekly and monthly requirement details to the head office finance. Preparation of cheques. Distribution of cheques. Getting authorized signature of cheques.

ACCOUNT RECEIVABLE:
Booking of customers debit note. Receipt of payment from supplier. Deposit of cheques/drafts in bank. Follow up pending payment for customers. Preparation of manual debit notes for customers.

EXTERNAL AUDIT:
Submission of Bank reconciliation after due analysis. Handing over of all vouchers to auditors for audit. Solving voucher related queries. Solving queries of auditors.

BUDGETING:
Analysis of past data. Preparation of format of budget Distribution of element wise responsibility. Follow up for details. Analysis of received details. Completions of details. Preparation of compiled details in a prescribed format. Budget presentation to Management. Distribution of approved budget among departments.

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46

INTRODUCTION

HRM is a management function concerned hiring, motivating & maintains people in the Organization. it focuses on people in the org. The Primary objective of the HRM is to ensure the availability of the competent or willing workforce to an org. HRM is not a stand alone department, but whether it means to assist the organization. With its primary objectves where HRD function more concerned with the training & development career planning development & organization development therefore HRD is a part of HRM E.g. there are about 250 employees were stop includes to 20 employees operators, workers, helpers include 180 employees while rest of the employees constitute to above 50 worker thus, It is very important for a firm to handle HR efficiently through HRM.

At MYTEX (INDIA) SILK MILLS PVT LTD., the HRM activities include:
1) HR planning

2) Recruitment & selection 3) Training & development 4) Job evaluation & P.A. 5) Personnel development activities

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HUMAN RESOURCE PLANNING

At MYTEX (INDIA) SILK MILLS PVT. LTD. human resource planning is done according to below mentioned Flow Charts.

Identification of deficiency of manpower

Source of supply through references

Matching the supply with the requirement

Recruiting the personnel at the particular post as per their qualifications.

Giving those targets and furnishing timely reporting to measure the standards against the actual achievements.

At, MYTEX (INDIA) SILK MILLS PVT LTD the requirement is assessed separately for different department. Different department understands the responsibility of additional manpower requirement and is ultimately reported
48

to HR Assistant he then reports to HR Department and the manager regarding the requirement (vacancy), Specifying the Job Analysis, Pay Scale etc then the HR Department in order to match demand by supply searches appropriate sources from the labour markets, Consultants, Newspapers and giving Advertisement on Internet on many recruitment sites.

RECRUITMENT

The recruitment process of MYTEX (INDIA) SILK MILLS PVT LTD is as follows:

PLANNING

NUMBER OF CONTACTS TYPES OF CONTACTS

MAKE / BUY

SOURCES OF RECRUITMENT External SEARCHING Internal

1.Promotion & Transfer 2.Employee Reference 3.Pre. Application 4.Former Employees

1. Labour Contract 2. Consultant Agencies 3. Factory Gate

INVITING APPLICATION

EVALUATION & CONTROL

In the recruitment process of MYTEX (INDIA) SILK MILLS PVT LTD:

49

o Top level employees are recruited internally i.e. only through promotion. o While factory gate hiring is usually preferred for low level employees. o In case of shortage of employees for limited period Labour Contract is given.

SELECTION:
Selection stands for choosing the right person for the right job in an organizations performance in an organization is added up to rate the organizations performance.

SELECTION PROCESS AT MYTEX (INDIA) SILK MILLS Inviting Application from PVT LTD
For Worker Its Direct Selection after Approval of Production Manager.

Candidates

Preliminary Interview by HR Manager

Second Interview by manager of respective department

If Yes

Selection of Candidate for 6 month probation

If Yes 50 Appointment as permanent employee of MYTEX (INDIA) SILK MILLS PVT LTD

OTHER KEY HUMAN RESOURCE ACTIVITIES AT MYTEX (INDIA) SILK MILLS PVT LTD TRAINING: At MYTEX (INDIA) SILK MILLS PVT LTD workers are provided training for the period of 15 -25 days regarding the working and operation on machines. Specifically training is provided on the job and how to operate extrusion and other machines, safety measures, and the technical details as well as various guidelines are given by the company's senior production operators to in charge and other employees. Training is provided in MYTEX when the particular employee is unable to achieve their target, and training is provided as per the requirement.

PEFORMANCE APPRAISAL:AT MYTEX (INDIA) SILK MILLS PVT LTD, there is no performance appraisal system which evaluates the performance of the employees on the
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basis of Knowledge, Skills, Abilities, etc. of course the performance is evaluated on the following variables Job Knowledge. Attendance. Punctuality. Target Achievement.

PROMOTION & DEMOTION: Promotion is done on the bases of both seniority as well as performance of the employees. While demotion or separation of employees takes place if companies rules and regulations are violated, poor attendance and weak performance.

ACTIVITIES OF PERSONNEL DEPARTMENT:-

Time Keeping: It is important to avoid reregulation of staff as well as workers on the job. AT MYTEX (INDIA) SILK MILLS PVT LTD there are 3 shifts of 8 hour each. There is weekly off on Monday.

Employee Welfare Activities: Company provides Subsidized Food, Tea and other snacks to its staff members. It has set up a good and eco-friendly working environment. has made compulsory for all it employee to take insurance irrespective of its line
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or staff, where company for the 1st year pays the premium entirely for the employee after which the premium amount is deducted from the salary.

Salary, Wages & Compensation: Salaries are finalized by the top management of the company. Method of paying is time wage system. PF, Gratuity etc. are provided at the company. Payment to staff is done by cheques and to workers by cash. It also provides yearly leaves and bonus.

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ORGANIZATION CHART:

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HEALTH & SAFETY POLICY

MYTEX (INDIA) SILK MILLS PVT LTDs management is committed to provide Safe and Healthy working Environment with the following,

o To ensure use of Personal Protective Equipments by employees at work place. o To ensure proper work environment by providing required safety facilities at work place. o To continuously impart Safety and Health awareness among all employees by Training and counseling. o To ensure upkeep of firefighting equipment, emergency doors and other safety gadgets etc. o To minimize accidents in the factory.

LABOUR POLICY

o We will not have any employee who is below 18 years of age and can be classified as "child labour". o We will have no discrimination by gender, cast, religion, and state of origin. Appointments, promotions and evaluations will be purely on the basis of merit. o We will provide all the employees with fair chance for their personal, spiritual, and social up-liftment through internal and extraneous trainings.
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o We will always comply with the prevailing labour laws of the government.

To Improve the Level of House Keeping In the Company Through ......

Clean Work Place Work Discipline Easier And Safer Operations Systematic Working By All Greater Team Spirit And Co-Operation Generation Of More New Ideas Conservation Of Resources Strict Follow-Up Of Rules And Regulations

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INTRODUCTION
Marketing is so basic that it cannot be considered as a separate function. Marketing has been defined in various ways. The definition that serves our purpose best is as follows: marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating, offering and exchanging products of value with others.

This definition of marketing rests on the following core concepts, needs, wants & demands, products, value, cost & satisfaction, exchange and transactions, relationship and networks, markets and marketers and prospects.

Marketing management is the process of planning and executing the conception, pricing, promotion & distribution of ideas, good and services to create exchanges that satisfy individual and organizational goals. This definition recognizes that marketing management is a process involving analysis, planning, implementation and control; that it covers goods, services and ideas; that it rests on the notion of exchange, and that he goal is to produce satisfaction of the parties involved.

Marketing management takes place when at least one party to a potential exchange thinks about the means of achieving the desired responses from the other parties. Marketing management has the task of influencing the level; timing and composition of demand in a way that will the organization achieve its objectives. Marketing management is essentially demand management. Marketing work running in MUMBAI in head office of MYTEX.
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MARKETING MIX OF THE COMPANY

Marketing mix is a set of controllable marketing variables that the firm plans to produce the response it wants in the target market. Marketing mix is an optimum combination of all marketing components which facilitates realization of companys objectives. Marketing mix is a set of marketing tools that the firm uses to achieve its marketing objectives in the target market. Marketing mix is the blending of 4 inputs or sub-mixes, which form the core of marketing system. They are:

MARKETING MIX

PRDUC T

PRICE

PROMOTI ON

PROMOTIO N

MARKETING MIX OF MYTEX (INDIA) SILK MILLS PVT LTD

The Marketing Mix of "MYTEX (INDIA) SILK MILLS PVT LTD " is as mentioned below:

1. Product marketing: The product is anything offers to market to satisfy a want or need. A product means the bundles which satisfy human needs.

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MYTEX (INDIA) SILK MILLS PVT LTD is major manufacturer of following products:

SUITINGS

2. Pricing decision:It is the exchange value of a product or services always express in the monetary terms price is the matter of importance both for the buyer & seller price is important factor in purchase decision. The seller prices is the source of revenue & to buyer prices is the sacrifice of the purchasing power. Thus it is must be use the correctly from the outside all marketing planners must be accurate pricing decision.

3. PLACE (DISTRIBUTION OF THE COMPANY)

Distribution is an important function of any organization. Making the product available at right place and at right time with less cost is the key objective of any distribution management personnel. As it is its entire product are distributed in Indian markets only. For better distribution of product it has set up warehouse at Mumbai.

4. PROMOTION STRATEGIES AND DECISION

Promotion plays a distinct role in marketing. It is a combined effort of salesman, advertisement and marketing channels. Promotion Mix consists of the following. Advertising Sales Promotion
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 Personnel selling Public Relation.

ADVERTISEMENT:
It is any paid form of non personal presentation and promotion of Ideas, goods or services by an identified sponsor. Advertisement can be in the form of Newspaper & Magazines, Banner & Hoardings, Print Media, and Or Internet. Advertisement of MYTEX mainly uses Internet to promote their sales. They also give attractive banners and hoardings at various places in the INDIAN market.

SALES PROMOTION:
Sales Promotion is also one of the elements of promotion mix. It is done to promote the sales of the product. Company uses different Schemes for their customers like providing discounts rates in case of natural calamities and for demanding in bulk quantity.

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Company SWOT Analysis

1. Strength of the company:1) High quality:- yarn used for suiting so durability it maintains the stability of strength of the fibers used. 2) Effective management:with the help of competent technology trend MYTEX is manage its activity, effectively, efficiently. 3) Low cost: - due to mass production of the company able to produce the certain low cost products. 4) Good customer relation: since the companys many fabric quality goods & low cost as per the public demand the company produces low cost fabric also to maintain the public relation. 5) Low wastage: Due to the use of latest technologies and effective management firm is able to use all its resources and make low wastages, Low wastage of effective management able to use all its inventories 6) Low Cost: Due to Mass Production company is able to produce Textiles at low cost adding to increase in profit margin.

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7) 100% pollution free: - MYTEX is using very selective yarn which is suit all the season & the blend of yarn using as per the situation.

2.

Weakness of the company:

1) Manpower: - The firm is not able to adequate manpower requirement due to which strength activities is not possible as per the company dream. 2) Weakness of quality: - company dreams to manufacture very big branded goods will to achieve the target of production between the talented & efficient manpower is not available. 3) Non-stop electricity power: - Is available but the unit terrif is more which the company is not able to compete with other state manufactures. 4)

Government rules and regulations: As MYTEX is

100% Indian market it faces restrictions from govt. rules and regulations.

3.

OPPORTUNITIES FOR THE COMPANY

The following are the opportunities for the company:

1) New methods and technology: Firm can make the use of new methods and technologies for production in future for more efficient production. 2) Increase in Product Line: Firm should increase its product line of Yarns. Along with SUTLEJ industries ltd. It can produce more diversified products of Suitings so that there are various options for customers.
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3) Alternate use of Products: Firm can find out other alternate uses of its product with some new innovative features to increase its demand.

4) INDIAN Market: It has only Indian market and the company is not having competitors..

4. THREATS FOR THE COMPANY

The following are the threats to the company

1. New Regulations by Government: It is a threat to the company as it may cause losses in case of any restriction in manufacturing Textile products or changes in govt. policies. 2. Emergence of Substitute Products: As in future firm may develop substitute product to Textiles which may prove quality and cost effective it may cause loss to the firm

Suppliers OF MYTEX:
Rajasthan textile mills ltd Bansvara syntax ltd Sangam spinners Chenab textile mills ltd Orient syntex Aditya syntax
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 Valson polyester ltd Mehra tex ltd

CUSTOMERS OF THE MYTEX:

Anand Textile Anand exclusive Apsara textile Bombay rayon fashions ltd Cambridge cloth Cosmos fashion
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 Formen Gokuldas exports ltd Manmandir

Sutlej ltd And all over INDIA

CONCLUSION
Every activity has a purpose or an objective behind it. This project has helped us in gaining experience and acquiring certain knowledge about the company in practical life. Thus it can be concluded as follows: The working environment in, MYTEX (INDIA) SILK MILLS PVT LTD is very good. The coordination & cooperation between management and employee is quiet satisfactory.
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 The positive point of MYTEX is that it holds a good brand image in the INDIAN market as it is a subsidiary of MYTEX and has a good image in front of its customers as a supplier for emergency relief & rehabilitation. It believes in maintaining good relationship with the customers & suppliers. The Textile manufactured over here is of good quality so customers are reliable about the product. MYTEX (INDIA) SILK MILLS PVT LTD is effective, yet it requires a better implementation strategy to overcome any sort of future problem.

BIBLOGRAPHY

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 Companys Draft Prospectus www.mytex.com www.google.com Member of Umbergaon Industrial Association (UIA) Member of Textile Association, Umbergaon Marketing Management (Philip Kotler) Personnel & Human Resource Management ( Aswathappa)

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