Srivas Montage Enterprises

MONTAGE ENTERPRISES 2018
CHAPTER- 1
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1.1 INTRODUCTION OF THE ORGANIZATION
Montage Enterprises is situated in Malanpur. Mr. Ashok Chaturvedi is the chairman and
managing director of the company. Here (Malanpur) has near about 900 employee (staff +
worker) 600 company employees and 300 to 350 employees contract employee. The head office
is situated in Noida and has branches in Haridwar, Silvasa & Malanpur. It is a subsidiary of
UFLEX.
Product range from – Printed and Unprinted, Packaging material, Met Pet, Poly, plastic bag
including carry bag for rice flour, pulses etc.
Montage Enterprises Pvt Ltd is a company that makes all kinds of packaging material like Toffee
wrapper, Pan Masala wrapper, Tea, Biscuit, Namkeen anything we pack in plastic, paper, Bopp,
Poly wrapper. Company only print the wrapper Roll and pouch and then sells it to the contracted
party, they then pack their products and sell it into the market. It is largest company of Asia in
Printed and Unprinted packaging material. Montage receive orders from national and
international companies.
OBJECTIVES
Trust & Respect: Proactively build inclusive and egalitarian partnerships with all stakeholders,
through the virtues of honesty of purpose, mutual trust and respect.
Customer Value Creation: Enabling customers to become high-performance businesses

through our total packaging solutions and creating long-term relationships by being responsive,
relevant and consistently delivering value.
Innovation:Strive to be the front runner in technology and business, actively contributing to the
evolution of best practices in developing new and efficient packaging solutions to address
customers’ dynamic needs.
Global Perspective:Thinking globally and acting locally we leverage the power of global
insight, relationships, collaborations and learnings to deliver exceptional packaging solutions for
the clients.
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VISION & MISSION STATEMENT
VISION
"Be a leading company and preferred supplier for providing flexible packaging solutions to
customers across the world maximizing value for all stakeholders"
MISSION
"To meet customers’ dynamic packaging needs by providing innovative, productive, cost-
effective, optimised and eco-friendly packaging solutions, continually adding value to their
business."
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1.1ORGANIZATIONAL STRUCTURE
CMD
V.P.
Sn. G.M. G.M.
DGM
AGM
Sn. Manager
Manager
Asst. Manager
Sn. Officer
Officer
Supervisor
Operator
G1 G2 G3 G4 G5
Asst. Operator
Helper
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LIST OF INCIDENTIAL GOODS
- Astrolon sheet, Teflon sheets & cloth.

- Tools & Dies.
- Hoists.
- Nuts, Bolts fasteners, spares & consumables for machineries.
- Ivory sheets.
- Cartridge sheets.
- Brushes.
- Cutters, pencils, scales.
- Paper developer normal.
- Wires, like, aluminum, copper, glass, stainless sheet, M.S. & other.
- M. seals & oil seals.
- Silicon grease/ compound.
- Doctor blades & knives.
- Polishing (Emery) paper, water proof paper & stores cotton, cottons waste & dhotis.
- Self-adhesive tapes.
- Electrodes & other welding consumables.
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CHAPTER 02
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2.1 FINANCIAL PERFORMANCE
Financial records of an organization that registers all financial transactions, and must be kept at
its principal office or place of business. The purpose of these records is to enable anyone to
appraise the organization’s current financial position with reasonable accuracy. Firms present
their annual accounts in two main parts the balance sheet, and the income statement (profit and
loss account). The annual accounts of a registered or incorporated firm are required by law to
disclose a certain amount of information. And have to be certified by an external auditor that
they present a ‘true and fair view’ of the firm’s financial affairs.
Step: 1. Analysis of Business Transactions
Step: 2. Make Journal Entries
Step: 3. Post of Accounting
Step: 4. Prepare of Balance sheet
Step: 5. Make Adjusting Entries
Step: 6. Adjusted Trail Balance
Step: 7. Prepare Financial Statements
Step: 8. Close Accounts
Step: 9. Post-closing Trail Balance
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CASH FLOW
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PROFIT & LOSS A/C
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BALANCE SHEET
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RATIO ANALYSIS
1. CURRENT RATIO
It is a ratio, which express the relationship between the total current Assets and current liabilities.
It measures the firm’s ability to meet its current liabilities. It indicates the availability of current
assets in rupees for every one rupee of current liabilities. A ratio of greater than one means that
the firm has more current assets than current liabilities claims against them. A standard ratio
between them is 2:1.
Current Ratio: Current Assets

Current Liabilities
(Figures in Crores)
Particular 2018 2017 2016
Current Assets 1621.65 1445.87 1245.41
Current Liabilities 1053.39 901.13 863.87
Current Ratio 1.54 1.60 1.44
2. QUICK RATIO
This ratio establishes a relationship between quick/liquid assets and current liabilities. It
measures the firms’ capacity to pay off current obligations immediately. An asset is liquid if it
can be converted in to cash immediately without a loss of value; Inventories are considered to be
less liquid. Because inventories normally require some time for realizing into cash. This ratio is
also known as acid-test ratio. The standard quick ratio is 1:1. Is considered satisfactory.
Quick Ratio = Quick Assets (current assets - Inventory)

Current Liabilities
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(Figures in Crores)
Current Assets 1621.65 1445.87 1245.41
Inventory 406.46 325.15 271.71
Quick Assets 1215.19 1120.72 973.7
Current Liabilities 1053.39 901.13 863.87
Quick Ratio 1.15 1.24 1.13
3. INVENTORY TURNOVER RATIO
Inventory turnover ratio is the ratio, which indicates the number of times the stock is turned over
i.e., sold during the year. This measures the efficiency of the sales and stock levels of a
company. A high ratio means high sales, fast stock turnover and a low stock level. A low stock
turnover ratio means the business is slowing down or with a high stock level.
Inventory Turnover Ratio = Net Sales
Closing Inventory
(Figures in Crores)
Net Sales 3875.80 3886.98 3487.45
Closing Inventory 406.46 325.15 271.71
Inventory Turnover 9.54 11.95 12.83
Ratio
4. INVENTORY HOLDING PERIOD
This period measures the average time taken for clearing the stocks. It indicates that how many
days’ inventories take to convert from raw material to finished goods.
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Inventory Holding Period = Days in a year
Inventory turn over ratio
(Figures in Crores)
Days 365 365 365
Inventory Turnover 9.54 11.95 12.83
Ratio
Inventory Holding 38.25 30.54 28.45
Period
5. DEBTORS / ACCOUNTS RECEIVABLES TURNOVER RATIO
Debtor’s turnover ratio indicates the speed of debt collection of the firm. This ratio computes the
number of times debtors (receivables) has been turned over during the particular period.
Debtors Turnover Ratio = Net Sales
Average Debtors
(Figures in Crores)
Net Sales 3875.80 3886.98 3487.45
Average Debtors 1128.66 999.02 783.00
Debtors Turnover 3.43 3.89 4.45
Ratio
6. DEBTORS COLLECTION PERIOD
Debtors collection period measures the quality of debtors since it measures the rapidity or the
slowness with which money is collected from them a shorter collection period implies prompt
payment by debtors. It reduces the chances of bad debts. A longer collection period implies too
liberal and inefficient credit collection performance.
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Average Collection Period = Days in a Year
Debtors Turnover Ratio
(Figures in Crores)
Days 365 365 365
Debtors Turnover 3.43 3.89 4.45
Ratio
Average Collection 106.41 93.83 82.02
Period
7. WORKING CAPITAL TURNOVER RATIO
This ratio indicates the number of times the working capital is turned over in the course of the
year. This ratio measures the efficiency with which the working capital is used by the firm. A
higher ratio indicates efficient utilization of working capital and a low ratio indicates otherwise.
But a very high working capital turnover is not a good situation for any firm.
Working Capital Turnover Ratio = Net Sales

Net Working Capital
(Figures in Crores)
Net Sales 3875.80 3886.98 3487.45
Net Working Capital 217.82 514.34 0.00
Working Capital 17.79 7.56 ND
Turnover Ratio
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8. PROFITABILITY RATIOS
Gross Profit Ratio = Gross profit

Net Sales
(Figures in Crores)
Gross Profit 476.15 510.40 508.96
Net Sales 3875.80 3886.98 3487.45
Gross Profit Ratio 0.122 0.131 0.145
Net Profit Ratio = Net Profit

Net sales
(Figures in Crores)
Net Profit 100.92 193.55 199.68
Net Sales 3875.80 3886.98 3487.45
Net Profit Ratio 0.026 0.049 0.057
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COSTING METHOD AND ANALYSIS OF STATEMENT
Costing is any system for assigning costs to an element of a business. Costing is typically used to
develop costs for any or all of the following:
 Customers
 Distribution channels
 Employees
 Geographic regions
 Products
 Product lines
 Processes
 Subsidiaries
 Entire companies
Costing may involve only the assignment of variable costs, which are those costs that vary with
some form of activity (such as sales or the number of employee). This type of costing is called
direct costing. For example, the cost of materials varies with the number of units produced, and
so is a variable cost.
Costing can also include the assignment of fixed costs, which are those costs that stay the same,
irrespective of the level of activity. This type of costing is called absorption costing. Examples of
fixed costs are rent, insurance, and property taxes.
Costing is use for two purposes:
 Internal reporting. Management uses costing to learn about the cost of operations,
so that it can work on refining operations to improve profitability. This information
can also be used as the basis for developing product price.
 External reporting. The various accounting frameworks require that costs be
allocated to the inventory recorded in a company’s balance sheet at the end of a
reporting period. This calls for the use of a cost allocation system, consistently
applied.
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2.2 PERSONNEL: RECRUITMENT PROCESS
The Recruitmentprocess of Montage enterprises is to analyzing the job requirements and then
finding the prospective candidates who are then encouraged and stimulated to apply for the job
in the organization.
The Recruitment program is designed to attract more and more applicants such that the pool of
candidates applies for the job, and the organization has more options to select the best out of
them. The recruitment process consists of five interrelated stages which are as follows:
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1. Recruitment Planning: The recruitment process begins with the planning where in the vacant
job positions are analyzed and then the comprehensive job draft is prepared that includes: job
specifications and its nature, skills, qualifications, experience needed for the job, etc.
Here, the recruitment committee decides on the number and the type of applicants to be
contacted. The aim of any organization is to attract more candidates as some of them might not
be willing to join, or some might not qualify for the job position. So the company has a sufficient
number of candidates to choose amongst them. The type of candidates required for the job is
well specified in terms of the task and responsibilities involved in a job along with the
qualification and experience expected.
2. Strategy Development: Once the comprehensive job draft is prepared, and the type and the
number of recruits required are decided upon; the next step is to decide a strategy that is adopted
while recruiting the prospective candidates in the organization. The following strategic
considerations should be kept in mind:
 Make or Buy Employees, which means the firm either, decides to select less skilled
employees and invest in training and education programs or hire skilled professionals.
 Methods of Recruitment, the firm decide on the methods used for recruiting the individuals.
Such as the internet provides detailed information about the prospective candidates and helps
in shortlisting the best-qualified individuals.
 Geographical Area, the next decision is related to the area from where the candidates shall
be searched. The firm looks for those areas where the handful amount of qualified employees
is concentrated, with a view to curtailing a search cost.
 Sources of Recruitment, there are two sources of recruitment: Internal source (within the
organization), external source (outside the organization). The firm must decide the source
from where the candidates are hired.
3. Searching: Once the strategy is prepared the search for the candidates can be initialized. It
includes two steps: source activation and selling. The source activation means, the search
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forthe candidate activates on the employee requisition i.e. until and unless the line manager
verifies that the vacancy exists, the search process cannot be initiated.
The next point to be considered is selling, which means the firm must judiciously select that
media of communication that successfully conveys the employment information to the
prospective candidates.
4. Screening: The screening means to shortlist the applications of the candidates for further
selection process. Although, the screening is considered as the starting point of selection but
is integral to the recruitment process. This is because the selection process begins only after
the applications are scrutinized and shortlisted on the basis of job requirements. The purpose
of recruitment here is to remove those applications at an early stage which clearly seems to
be unqualified for the job.
5. Evaluation and Control: Evaluation and control is the last stage in the recruitment process
wherein the validity and effectiveness of the process and the methods used therein is
assessed. This stage is crucial because the firm has to check the output in terms of the cost
incurred.
6. The recruitment is a costly process as it includes the salaries of recruiters, time spent by the
management, cost of advertisement, cost of selection, a price paid for the overtime and
outsourcing in case the vacancy remains unfilled. Thus, a firm is required to gather all this
relevant information to evaluate the performance of a recruitment process effectively.
TRAINING AND DEVELOPMENT
“Training & Development is any attempt to improve current or future employee performance by
increasing an employee’s ability to perform through learning, usually by changing the
employee’s attitude or increasing his or her skills and knowledge.”
Training: Training refers to the process of imparting specific skills. An employee undergoing
training is presumed to have had some formal education. No training program is complete
without an element of education. Hence, we can say that Training is offered to operatives.
Development: Development means those learning opportunities designed to help employees to

grow. Development is not primarily skills oriented. Instead it provides the general knowledge
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and attitudes, which will be helpful to employers in higher positions. Efforts towards
development often depend on personal drive and ambition. Development activities such as those
supplied by management development programs are generally voluntary in nature. Development
provides knowledge about business environment, management principles and techniques, human
relations, specific industry analysis and the like is useful for better management of a company.
What are the Training Inputs?
 Skills
 Education
 Development
 Ethics
 Problem Solving Skills
 Decision Making
 Attitudinal Changes
Importance of Training & Development
 Helps remove performance deficiencies in employees

 Greater stability, flexibility and capacity for growth in an organization
 Accidents, scraps and damages to machinery can be avoided
 Serves as effective source of recruitment
 It is an investment in HR with a promise of better returns in future
 Reduces dissatisfaction, absenteeism, complaints and turnover of employees
Methods of Training
On the Job Trainings: These methods are generally applied on the workplace while an
employee is actually working. Following are the on-the-job methods.
On the Job Training Methods
1. Job Rotation: In this method, usually employees are put on different jobs turn by turn where
they learn all sorts of jobs of various departments. The objective is to give a comprehensive
awareness about the jobs of different departments. Advantage – employee gets to know how his
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own and other departments also function. Interdepartmental coordination can be improved,
instills team spirit. Disadvantage – It may become too much for an employee to learn. It is not
focused on employees own job responsibilities. Employee’s basic talents may remain
underutilized.
2. Job Coaching: An experienced employee can give a verbal presentation to explain the nitty-
gritty’s of the job.
3. Job Instruction: It may consist an instruction or directions to perform a particular task or a
function. It may be in the form of orders or steps to perform a task.
4. Apprenticeships: Generally fresh graduates are put under the experienced employee to learn the
functions of job.
5. Internships and Assistantships: An intern or assistants are recruited to perform a specific time-
bound jobs or projects during their education. It may consist a part of their educational courses.
Off the Job Trainings

These are used away from work places while employees are not working like classroom
trainings, seminars etc.
Off the Job Training Methods
1. Classroom Lectures: It is a verbal lecture presentation by an instructor to a large audience.

Advantage – It can be used for large groups. Cost per trainee is low. Disadvantages – Low
popularity. It is not learning by practice. It is One-way communication. No authentic feedback
mechanism. Likely to boredom.
2. Audio-Visual: It can be done using Films, Televisions, Video, and Presentations etc.
Advantages – Wide range of realistic examples, quality control possible, Disadvantages – One
way communication, No feedback mechanism. No flexibility for different audience.
3. Simulation: creating a real life situation for decision-making and understanding the actual job
conditions give it. Following are some of the simulation methods of trainings
4. Case Studies: It is a written description of an actual situation and trainer is supposed to analyze
and give his conclusions in writing. The cases are generally based on actual organizational
situations. It is an ideal method to promote decision-making abilities within the constraints of
limited data.
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5. Role Plays: Here trainees assume the part of the specific personalities in a case study and enact
it in front of the audience. It is more emotional orientation and improves interpersonal
relationships. Attitudinal change is another result. These are generally used in MDP.
6. Sensitivity Trainings: This is more from the point of view of behavioral assessment, under
different circumstances how an individual will behave himself and towards others. There is no
preplanned agenda and it is instant. Advantages – increased ability to empathize, listening skills,
openness, tolerance, and conflict resolution skills. Disadvantage – Participants may resort to their
old habits after the training.
7. Programmed Instructions: Provided in the form of blocks either in book or a teaching machine
using questions and Feedbacks without the intervention of trainer. Advantages – Self paced,
trainees can progress at their own speed, strong motivation for repeat learning, and material is
structured and self-contained. Disadvantages – Scope for learning is less; cost of books, manuals
or machinery is expensive.
8. Computer Aided Instructions: It is extension of PI method, by using computers. Advantages –
Provides accountabilities, modifiable to technological innovations, flexible to time.
EMPLOYEE WALFARE
Employee / laborhas an important role in the Montage enterprises production. For this purpose
the employees has to be properly managed. Whole hearty cooperation of the labour force is
needed in order to increase the production & to earn higher profits. Cooperation of the employee
is possible only when they are fully satisfied with their employer & the working conditions on
the job. Employee or labour welfare is a comprehensive term including varwus services, benefits
and facilities offered to employees by the employer. Through such generous fringe benefits the
employer makes life worth living for employees. The welfare amenities are extended in addition
to normal wages and other economic rewards available to employees as per the legal provisions.
According to Dr. Parandikar, "Labour welfare work is work for improving the health, safety and
general wellbeing and the industrial efficiency of the workers beyond the minimum standard laid
down by labour legislation”. Welfare measures are also provided by the government, trade
unions and non-government agencies in addition to the employer. i.e. we can say that labour
welfare is also a voluntary effort on the part of the employer or any other agency to provide
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employees the best working conditions. The basic purpose of labour welfare is to enrich the life
of employees and keep them happy and contented.
 Education
 Health
 Women Empowerment
 Rural Development
 Environment And Natural Resources
Objectives of Labour Welfare
Labor welfare has the following objectives:
I. To provide better life and health to the workers
2. To make the workers happy and satisfied
3. To relieve workers from industrial fatigue and to improve intellectual, cultural and material
conditions of living of the workers.
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Productions/ operations
Laminated Films: Roll Forms
Laminated films combine solvent, solvent less & extrusion capabilities with state-of-the-art 10-
color rotogravure printing to provide quality converted rolls stocks for Vertical Form-Fill-Seal
(VFFS) and Horizontal Form-Fill-Seal (HFFS). Montage provides high-quality printed roll stock
and pre-made pouches for food, pharma, cosmetic and industrial markets.
Montage has technical expertise to design flexible packaging solutions for difficult applications.
Whether you need chemical resistance, liquid containment, foil barrier, hermetic/peel-
able/frangible seals, perforations, or any other challenging requirement, Montage can help to
develop the right lamination for your application. Our laminations are produced to stringent
quality specifications using a broad range of materials including PET, foil, OPP, PE, High-
Density Polyethylene (HDPE), Metallocene PE, Linear Low Density Polyethylene (LLDPE),
CPP and Metallized films etc.
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Coextruded Films
Coextruded films offer three to nine layer custom blended, blown structures that are designed to
meet precise flexible packaging requirements for a broad range of market segments and
applications. Our performance films offer a range of barrier and non-barrier films for converters
and end users and customized films for difficult Vertical Form-Fill-Seal (VFFS) applications
including hot fill liquid, chemical, meat, dried foods, mixes and frozen foods.
Other capabilities include peelable seals, nylon coextrusion for puncture resistance and hot fill
applications and EVOH coextrusion for products with stringent barrier requirements.
Whether your goal is extended shelf life, product protection, liquid containment, flavor and
aroma defence or unique sealing properties, Montage performance films are designed to meet the
requirements of any product in the marketplace.
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EB coated laminate
The increased use of flexible packaging has driven a need for technologies to enhance flexible
material’s properties. Use of Electron beam coating would achieve high quality surface printing
on Paper / Poly.
EB provides imparts glossy surface and mirror effect to the paper laminates which gives good
aesthetics, good scuff resistance & plastic looks to the laminate.
Advantages of EB coating:
 Lamination Replacements
 High Chemical Resistance
 High Rub/Scuff Resistance
 Sharper Printing
 Excellent Adhesion to Films
 Low Emissions – a "Green" Story
 No Hot-Air Drier
 Easier Permitting for New Presses
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No VOCs or emissions
 Instant drying at high production speeds

 High chemical resistance
 High abrasion resistance
 High gloss
 No softening after curing
 Low odour and off-taste.
Spot Hologram / Holographic laminate
Spot Holographic laminates provides anti-counterfeit solution to protect your product as it is

difficult to copy. Provides premium looks. Spot holography offers brand-name or logos as a
security application. Useful for medical & pharmaceutical markets.
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3D / 4D effect laminate
Cast and Cure is a decorative coating process that integrates "casting" and "curing" techniques to
form a consistent high quality surface that can include ultra-high glossy, matte and holographic
finishes on a variety of substrates.
This effect can be created in both sheet, fed and web fed (flexo and gravure) environments. C &
C is an excellent application for the decorative print market and can be incorporated with
security and anti-counterfeiting features. Cast & Cure is also a sustainable process. By using
ultraviolet inks and varnishes there are no undesirable and harmful VOC’s. In addition it can
make packages more easily recyclable by eliminating the laminated metallized films used in
traditional holographic
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High Barrier Laminate
Superior moisture barrier & gases barrier laminates for many applications. Extended shelf life
can be achieved with 7- 9 layer co-extruded film, High barrier Metalized& foil base, paper base
laminate for various products. With the capability of in-house Metalizer we provide high barrier
Met Poly which can substitute many 3/4 ply laminate into 2 ply laminate.
Barrier laminate: Blended to provide moisture, oxygen and aroma barrier properties
Liquid VFFS laminates: A full line of films providing exceptional heat resistance, durability, seal
ability and barrier Modified Atmosphere Packaging Films: Designed for thermal lamination to
rigid sheet material prior to thermoforming into trays and bowls
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2.3 PRODUCTION FACILITY
Montage operates one manufacturing facility in Noida and two manufacturing facilities in
Jammu. The total manufacturing capacity of these plants is over 80000 TPA. All plants and
marketing offices are interlinked through Enterprise Resource Planning (ERP) system
operated through Oracle software, to offer seamless information flow to ensure ‘On time
Communication’ with all stakeholders.
Facility Layout Objective
A model facility layout should be able to provide an ideal relationship between raw material,
equipment, manpower and final product at minimal cost under safe and comfortable
environment. An efficient and effective facility layout can cover following objectives:
 To provide optimum space to organize equipment and facilitate movement of goods and
to create safe and comfortable work environment.
 To promote order in production towards a single objective
 To reduce movement of workers, raw material and equipment
 To promote safety of plant as well as its workers
 To facilitate extension or change in the layout to accommodate new product line or
technology up gradation
 To increase production capacity of the organization
An organization can achieve the above-mentioned objective by ensuring the following:
 Better training of the workers and supervisors.

 Creating awareness about of health hazard and safety standards
 Optimum utilization of workforce and equipment
 Encouraging empowerment and reducing administrative and other indirect work
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Types of Facility Layout
There are six types of facility layout, and they are as follows:
 Line Layout
 Functional Layout
 Fixed Position Layout
 Cellular Technology Layout
 Combined Layout, and
 Computerized Relative Allocation of Facility Technique
QUALITY CONTROL IN MANUFACTURING

Quality control is the process that is used to ensure a certain level of quality in a product or
service. It might include whatever action a business deems necessary to provide for the control
and verification of certain characteristics of a product and service. Most often, it involves
thoroughly examining and testing the quality of products or the result of service .the basic goal
of this process is to ensure that the products or services that are provided meet specific
requirements and characteristics, such as being dependable, satisfactory, safe and fiscally sound.
When supported by lean tools like Total Productive Maintenance (TPM), 5S, and Kaizen, most if
not all defects can be eliminated.
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Benefits of Using Quality Control in Manufacturing
Customers expect and demand high-quality products. When customers receive quality products
you will:
 Increase customer loyalty

 Gain repeat business
 Gain new customers from referrals
 Maintain or improve your position in the market
 Improve safety
 Reduce liability risks
 Contribute to overall positive branding of your product
Using Quality Assurance with Quality Control in Manufacturing
Quality assurance streamlines production and helps to ensure that the final products meet the
company’s quality criteria. It ensures that the processes used to design, test, and produce
products will be done correctly.
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In manufacturing, quality assurance approaches, like ISO 9001, help manage and improve many
processes, including:
 Acquiring raw materials

 Purchasing third-party components and sub-assemblies
 Designing and using inspection procedures
 Complying with production processes
 Responding to defects
For every business, quality assurance is different. However, ISO 9001 works for businesses both
large and small and can be adapted for most any need. It provides the means for creating a
lasting quality assurance program, ensuring that everything, from raw materials to inspection
procedures are of the highest quality. Issues and defects from poor quality materials or third-
party components are all but eliminated.
Quality Control, Quality Assurance and Lean Manufacturing
Lean manufacturing tools can bolster your company’s quality program. Lean revolves around
improving quality and safety, while increasing efficiency and profits. Some powerful lean
manufacturing tools that can bolster your quality system include:
 TPM improves product quality by eliminating downtime, defects, and accidents. TPM
accomplishes this through comprehensive maintenance programs and operator training.
 Kaizen helps eliminate problems at their source by empowering workers to find and
solve problems on a daily basis.
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 5S helps organize and standardize the workplace. Take control with the 5S System Best
Practice Guide, by Graphic Products. Improve procedures and eliminate errors in your
facility.
While every facility has different needs and may require a different lean tool, using lean to
support quality control is essential. Procedures will be simplified, and the number of errors will
be reduced.
MATERIAL REQUIREMENTS PLANNING
The globalization of the economy and the liberalization of the trade markets have formulated
new conditions in the market place which are characterized by instability and intensive
competition in the business environment. Competition is continuously increasing with respect to
price, quality and selection, service and promptness of delivery. Removal of barriers,
international cooperation, technological innovations cause competition to intensify. In terms of
manufacturing emphasis is placed on reducing cost while improving quality. In addition, other
factors such as timely delivery of the product become critical techniques. A key question to a
MRP process is the number of times a company replenishes (or turns around) inventory within a
year. There are accounts of inventory annual turnover ratios of greater than 100, mainly reported
by Japanese companies. One can readily realize that a high inventory ratio is likely to be
conducive to lowering production cost since less capital is tied up to unused inventory. MRP
systems use four pieces of information to determine what material should be ordered and when¸
the master production schedule, which describes when each product is scheduled to be
manufactured; bill of materials, which lists exactly the parts or materials required to make each
product; ¸production cycle times and material needs at each stage of the production cycle time;
and, ¸ supplier lead times. The master schedule and bill of materials indicate what materials
should be ordered; the master schedule, production cycle times and supplier lead times then
jointly determine when orders should be placed.
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MRP in context with production management processes
MASTER SUPPLIER LEAD

PRODUCTION TIMES
SCHEDULE
MATERIAL
REQUIREMENTS
PLANNING
BILLS OF PRODUCTION
MATERIAL CYCLE TIMES
AND MATERIAL
NEEDS PER
CYCLE
2.4 MARKETING
Marketing is the link between the society material requirement and its economic pattern the
response to product, price, promotion distribution and its components.
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Areas of operations-
Competitors–
Company Symbol
BalmerLawrie& Co. Ltd - BALMLAWRIE
Ester Industries Ltd - ESTER
Flexituff International Ltd - FLEXITUFF
Jindal Poly Films Ltd - JINDALPOLY
Parekh Aluminex Ltd - PAREKH ALUMINEX LTD
TCPL Packaging Ltd - TCPL
Time Technoplast Ltd - TIMETECHNO
Jumbo Bag - JUMBO BAG
Polyplex Corp - POLYPLEX
Shri Rama Multi - SHRI RAMA MULTI
PankajPolypack - PANKAJ POLYPACK
Rishi Techtex - RISHI TECHTEX
36
CHAPTER 3
37
3.1 SWOT ANALYSIS
Strengths
 Decades of experience in Film production.

 Plants in 6 different locations of world to strengthen the supply and logistics.
 New innovations as it was first to offer both stitched and non stitched WPP bags Lowest
tariff rates in the world.
 Its sound business profile is driven by the growth in FMCG, Pharma and Food
andProcessing Industry.
Weakness
 Delivery time is greater than its competitors.

 Mostof the raw materials for packaging industry in Egypt are heavily dependent
onimports; any change in government policy can have direct impact on themanufacturing
cost of the company.
 High cost of service provision.
Opportunities
 Increasing demands for packaged goods.

 Indian packaging market is growing at an annual rate o f 12 to 15%
 New entry of FMCG companies in India will enhance demands forflexible packaging
going forward.
Threats
 Rise in Input costs.

 The competition is increasing with the addition of new capacities and emergenceof new
global players especially from China.
38
CHAPTER 4
39
4.1 STORE DEPARTMENT
The most common yet major responsibilities that are carried by any Stores are
 Receipt of incoming goods

 Inspection of all receipts
 Storage and preservation
 Identification of all materials stored
 Materials handling
 Packaging
 Issue and dispatch
 Maintenance of stock records
 Stores accounting
 Inventory control
 Stock-taking
 Receipt is the process of checking and accepting, from all sources (vendors, production
units, repair units etc.), all materials and parts which are used in the organization. These
include supplies for manufacturing or operating processes, plant maintenance, offices and
capital installations.
 Identification is the process of systematically defining and describing all items of
materials in stock. It includes the preparation of a Stores Code or Vocabulary, the
adoption of materials specifications and the introduction of a degree of standardization.
In certain cases, part of this work may be done by the design, planning or standards
departments or sometimes the purchase department.
 Inspection involves the examination of incoming consignments for quality. Very often
there is a separate Quality Control or inspection department, which undertakes this work
for most, materials. Otherwise goods are inspected by Stores to ensure that the inspection
procedures laid down are carried out before materials are accepted into stock.
 Storage and preservation involves items to be binged and kept in storage bins and
impounds; as usually indicated in the yard. The location is usually indicated in the
40
transaction card. The storage period may vary between one day and one year or more,
depending upon recoupment procedures/safety stock
 Materials handling involves movement and handling. This can be manual or mechanic
heavy items, dangerous or inflammable goods, and delicate merchandise have all to be
handled differently.
 Packaging: Materials dispatched to customers from the finished goods store or from one
store to another at different location require to be packed. Materials required packing
according to their nature and this may vary from heavy wooden crates to ordinary paper
cartons.
 Issue and Dispatch is the process of receiving demands, selecting the items required and
handling them over to users, or dispatching them to customers.
 Stock Records are the documents which record, form day to day, full particulars of
individual receipts, issues and balances of materials in stock.
 Stores accounting is the process of recording details of stock movements and balances in
terms of financial value. It is sometimes undertaken by accounts department
 Inventory control is the operation of continuously arranging receipts and issues in such a
way so as to ensure that stock balances in quantity and/or value are adequate to support
the current rate of consumption at all times with due regard to economy.
 Stock-taking is the process of physical verification of the quantity and condition of goods
in store
 A Stores manager ,therefore, is responsible for carrying out the following functions :
 Supervise unloading of material Count, tally

 Check for damage/shortage and prepare report
 Fill Goods Inward / Day Book/ Daily Collection Register
 Complete Vendors Consignment Note (Challan)
 Arrange for inspection and complete the inspection
 Prepare Goods Receipt Note (GRN)
 Prepare Goods Rejection Memo (in case of goods rejected)
 Send goods to stores
41
 Send other documents to respective departments
 Ensure all storage facilities are in proper working order e.g. check for loose racks,
damaged pallets etc.
 Ensure goods housekeeping (i.e. check for spillage of oils, dirty walls, obstructions).
 Ensure all materials handling equipment are in goods condition
 Check and count goods before issue
 Make entries Bin/Kardex (stock) cards promptly
 Ensure Receipts and Issues are correctly documented
 Ensure that rules and regulations relating to physical custody and preservation of stores
are followed
 Ensure correct accounting of stores
Inventory Management
Inventory management is the management of inventory and stock. As an element of supply chain
management, inventory management includes aspects such as controlling and overseeing
ordering inventory, storage of inventory, and controlling the amount of product for sale.
Techniques
Minimum: when 30% raw material left in company, then we reload the material
Maximum: when we have 100% raw material then we stops purchasing raw material
Methods of material issue:
 Actual Cost Method: Where materials are purchased specially for a specific job, actual cost of
materials is charged to that job. Such materials will normally be stored separately and issued
only to that particular job.
 First-In First-Out (FIFO) Method: CIMA defines FIFO as “a method of pricing the issue of
material using, the purchase price of the oldest unit in the stock”. Under this method materials
are issued out of stock in the order in which they were first received into stock. It is assumed that
the first material to come into stores will be the first material to be used.
42
Average Cost Method:
Under this method all the materials received are merged into existing stock of materials, their
identity being lost. The simple average price is calculated without any regard to the quantities
involved. The simple average cost is arrived at by adding the different prices paid during the
period for the batches purchased by dividing the number of batches. For example, three batches
of materials received at Rs. 10, Rs. 12 and Rs. 14 per unit respectively.
Highest-in First-Out (HIFO) Method:

Under this method, the materials with highest prices are issued first, irrespective of the date upon
which they were purchased. The basic assumption is that in fluctuating and inflationary market,
the cost of material are quickly absorbed into product cost to hedge against risk of inflation. This
method is used when the material is in short supply and in execution of cost plus contracts. This
method is not popular and not acceptable under standard accounting practices.
KINDS OF RAW MATRIALS USED IN MONTAGE ENTERPRISES

PVT.LTD.
- All kinds of plastic films plain, metalized, printed unprinted like: -

Polyester, Low-density polyethylene, poly propylene, BOPP, CPP, Linear, low-density
(LLDPE)
- All kinds of plastic co-extruded plains, metalized, printed, unprinted films like: -
LLD, LD, LD-LD, LD-HD, LDHD-LD, LDLD-HD and other possible combinations
thereof.
- All kinds of laminated films, plain, metalized, embossed printed & unprinted like: -
Polyester-poly, Paper-poly, Aluminum poly, Aluminum paper poly, polyester-
Aluminum foil-poly, Paper/polyester and combinations of any of the above.
- Graphic & Photographic art films.
- All kinds of polyethene Graduals/ Powders like LLDPE, LDPE, ULLDPE, HDPE,
Color master Batches, EEA, BOPP, SURLTN, Primer, EVA, MEEA, Heat sealable
chemicals, Anti Blocking agents, slip additives, processing aids.
- All kinds of paper like: -Poster Glassine, LBT, RBT, GLPT, SPT, OPTP, BWT, WVT,
MT, TBT, Kraft, Media, Triplex, Board, Duplex, Board, Pulp Board, Tissue, Chromo
art, met poly, Cream wove, Printing, STD semi craft coated laminated, MG, Water
proof, Wax coated etc.
43
- Inks/ Medium/ Lacquer/ Paste/ Powder/Varnish/Dyes/ Pigments and Paints and Tonner/
Resins/ Waxes/ Solvents/ Poster colours.
- Adhesives, Hardeners and Chemicals thereof.
- Cores (Plastic, SB, Alumimium, Paper and card board) and ITS plugs, spools.
- Aluminum Wire.
- Cylinders all kinds, Rubber roller, Base shells.
- Silicon Teflon, BOPP, Tapes, Bases on Plastics & Paper.
- TalcumPowders, Globes, Evaporation Boats, Distilled water.
- Filter cloth/ media.
- Gases-like Freon, Oxygen, Hydrogen, Nitrogen and Refrigeration gases.
- Spouts, Zipper, Repos, Pins, Brackets and closures.
- Photographic chemicals, Bromide.
- Leads Anodes, lead Antimony Anodes, Copper Anodes/plants.
All kinds of Chemicals like chromic Acid, Copper sulphate, Hydrochloric Acid, Sulphuric Acid,
Barium carbonate, Barium Chloride, Nickel sulphate, Nickel Chloride, Potassium iodide, Acetic
Acid, Acetone, Liquor Ammonia, Sodium Thiosulphate (Hypo), Potassium Ferricyanide,
Ferrous, Ammonium chloride xylene, Sodium hydroxide (Caustic soda), S.C. Green Paint Nickel
Balls, Boric Acid, Descaling chemicals, Toners, Organic compound, processing Aids, Dias atone
(DAA), Acids, Anti rust solvents, Water processing chemicals.
METHOD USED FOR ISSUING MATERIAL FROM MONTAGE

ENTERPRISES PVT.LTD.
FIFO(First-In First-Out): calculated using the FIFO method
 Batch 1: Quantity 2,000 pieces, Cost to produce Rs80000

 Total produced: 5,200 pieces. Total cost Rs22,7000.
ABC analysis
The ABC analysis (or Selective Inventory Control) is an inventory categorization technique.
ABC analysis divides an inventory into three categories- "A items" with very tight control and
accurate records, "B items" with less tightly controlled and good records, and "C items" with the
simplest controls possible and minimal records.
44
The ABC analysis provides a mechanism for identifying items that will have a significant impact
on overall inventory cost, while also providing a mechanism for identifying different categories
of stock that will require different management and controls.
CODING OF RAW MATERIALS IN MONTAGE
Asbestos hand gloves - 501144
Cotton waste – 501365
Emery paper no.80 – 501077
Flat belt – 501499
Mini cutter- 501824
Silicon grease – 501085
Carbon paper – 503024
Gum bottle – 503014
Paper (A4) – 503056
Timing belt- 514156
BIN CARD OFMONTAGE ENTERPRISES PVT.LTD.
45
UFLEX PURCHASE PROCESS
Indent from production department
Prepare quotation (minimum 3)
Select supplier from 3 quotations
Quotation sent to AVP for authorisatrion
Prepare a purchaae order which is duty signed by purchase officer and AVP , and dispached to the party by courier , mail and hand
Dispached from supplier
Entry into the premisis
Store entry is made
Goods inward receipt is prepared
It is matched with the purchase order( rate , quality , quantity)
4 copies are made and kept with the store , accounts , excise and sales tax
It is duly signed after verification and quality check is done
Sent to accounts where ledger posting is done. Credit period is checked and the cheque is made in favour of the party
46
CHAPTER 5
47
ADVERTISEMENT/PROMOTIONAL TOOLS
Promotion
UFLEX is largely a business-to-business brand. It periodically puts forward communications

relevant to its audience. Besides the corporate campaign, largely aimed at decision makers,
UFLEX has been able to connect with housewives with its Zipouch range of storage bags. The
campaign was rich in visual appeal and amply demonstrated the products ability to retain
freshness longer. A measure of its success is the niche that the product has been able to so
quickly carve for itself. Besides this, the company participates in major domestic and overseas
exhibitions where the core competencies of UFLEX as an integrated packaging giant are
showcased.
Innovations
Uflex were the first to offer both stitched and non-stitched WPP bags. A problem with stitched
bags is that they suffer from permeation of oxygen and moisture and ingress of mites through
the stitching which causes deterioration of sensitive products and foods. The permeation can
be reduced by using smaller stitches but this affects the strength of the joint; in any case, the
permeation cannot be totally eliminated. Uflex have overcome the problem by developing
hermetically sealed bags using hot-melt closing.
Resilient in times of recession
Uflex sound business profile is driven by the growth in FMCG, Pharma and Food and
Processing Industry. All these industries are not as severely affected during recession, as they
produce and sell goods and service that consumer’s use on a regular basis, regardless of their
economic status or income level. Uflex major revenues comes from companies like - Britania,
Nestle, Cadbury, P&G, Gillette, Dabur, Colgate, Godrej Consumer, Castrol, Henkel, ITC,
Pepsi, Coca cola etc. hence its inherent growth story is based on the growth of these
companies which are not very much affected by the economy slowdowns.
48
Global operations
Apart from its manufacturing plants in India, Uflex has plants in Dubai and Mexico and is
setting up one in Egypt. It has also started work on increasing capacities in Mexico and has
plans to expand Egypt in after the completion of phase 1. The Dubai and Egypt plants cater to
the growing demands of Middle East, African and Southern European markets, while the
Mexico plant looks at the Americas. Uflex exports its goods to more than 100 countries giving
them a global presence.
Exhibitions
Uflex with its wide product range and expertise offers a one-stop solution for Flexible
Packaging products both in India as well as for International customers. The marketing
team has in-depth knowledge and experience in understanding customer needs and
offering them appropriate solutions depending. Marketing Team is always abreast with
new product developments and interacts with customers on an ongoing basis by
participating in exhibitions, fairs and seminars both in India and globally.
Powerful R&D
Marketing is backed by a strong Research and Development Team with experts in

Polymers, Prepress, Converting Technologies and Technical Services offering total
solutions. Uflex has major touch points with customers on a continuous basis providing
seamless information flow and service with the shortest turnaround time.
49
Transparency (Publishes Financial Results)
50
SUGGESTIONS AND IMPLICATION
1. It is suggested to the company that it should Control the waste of raw materials.
2. It is also suggested that there should be a proper supervision system where machineries
are running.
3. It is suggested to the company that it should have ambulance or quick medical facilities
in case of casualty
51
CONCLUSION
1. Lack of advertisement can be considered a weak point of Montage.

2. The company follows a policy of purchasing raw material stock on credit and
selling the finished goods to the customers on credit. The company does not keep
enough cash for funding its working capital requirements.
3. The amount of stock has increased per year, which is good for the company as it
indicates that there is an increasing demand in the market, but on the other hand it
is also leading to blockage of funds.
52
REFERENCE
http://businessjargons.com/recruitment-process.html#ixzz4oKMo4cqS
http://businessjargons.com/recruitment-process.html.
www.hrwale.com/training-development/
http://www.whatishumanresource.com/employee-welfare
http://www.montageind.com/
https://www.zaubacorp.com/company/MONTAGE-ENTERPRISES-PRIVATE-
LIMITED/U74950DL2002PTC114886
https://en.wikipedia.org/wiki/Production
53
ANNEXURES
54
WEEKLY WORK REPORT
Name of the Student: Aman Shrivas
Course and Section: MBA Integrated VII Sem
Specialization: Finance & Accounts
Weekly report for (Duration of Week): 17
WEEK FROM TO DESCRIPTION OF WORK

Introduction and gaining knowledge about
1 10/12/2018 17/12/2018 organization. Learning about basic.
Knowing about materials used in production & its

2 18/12/2018 25/12/2018 purchasing process.
Knowing about materials loading and unloading and

3 26/1/2019 1/01/2019 its quality checking.
Creating indent and making tabulation sheet.

4 2/1/2019 08/01/2019
Making purchase order and comparing prices of two

5 09/1/2019 15/01/2019 parties.
Practical on purchasing of raw material.

6 16/1/2019 22/01/2019
Learning about payment to the party.

7 23/1/2019 29/01/2019
Learning about excise duty and taxes on different

8 30/1/2019 5/02/2019 goods and materials.
55
Practical on taxes paid.
9 6/2/2019 12/02/2019
Learning about costing and cost calculating.

10 13/2/2019 19/02/2019
Interacting with clients to understand their need and

11 20/2/2019 26/02/2019 explore more edges for the same.
Interacting with clients to understand their need and

12 27/2/2019 5/03/2019 explore more edges for the same.
Learning about production report and maintaining

13 06/03/2019 12/03/2019 account of number of productions.
Learning about production report and maintaining

14 13/03/2019 19/03/2019 account of number of productions.
All department production report and making a sheet

15 20/03/2019 26/03/2019 in the software.

16 27/03/2019 2/04/2019 in the software.

17 03/04/2019 10/04/2019 in the software.
56
STUDENT EVALUATION FORM FOR FACULTY GUIDE
Name of the Student: Aman Shrivas
Course: MBA Integrated 7th Sem
Specialization: Finance & Accounts
Batch: 2015-2020
Kindly give feedback for the following points
1. Whether the student have reported before he/she proceeded for summer training .
a. YES
b. NO
2. Whether the Student get the approval for Topic of Summer Training
a. YES
b. NO
3. Kindly mark the performance of the student for following Parameters on a scale of 1 to 5
a. Regularity and Punctuality during training including reporting and submission of

Weekly wok report
1 2 3 4 5
b. Openness for Learning and Acceptability of task allotted
1 2 3 4 5
57
c. Able to work in team
1 2 3 4 5
d. Behavior
1 2 3 4 5
e. Quality in work allotted
1 2 3 4 5
Overall Remark on Student performance
………………………………………………………………………………………………………
………………………………………………………………………………………………………
………………………………………………………………………………………………………
Date:
Place:
Prof. Brahmmanand Sharma
58

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MONTAGE ENTERPRISES 2018

Customer Value Creation: Enabling customers to become high-performance businesses

Sn. G.M. G.M.

- Astrolon sheet, Teflon sheets & cloth.

Step: 1. Analysis of Business Transactions

Step: 2. Make Journal Entries

Step: 3. Post of Accounting

Step: 4. Prepare of Balance sheet

Step: 5. Make Adjusting Entries

Step: 6. Adjusted Trail Balance

Step: 7. Prepare Financial Statements

Step: 8. Close Accounts

Step: 9. Post-closing Trail Balance

Current Ratio: Current Assets

Quick Ratio = Quick Assets (current assets - Inventory)

3. INVENTORY TURNOVER RATIO

4. INVENTORY HOLDING PERIOD

5. DEBTORS / ACCOUNTS RECEIVABLES TURNOVER RATIO

6. DEBTORS COLLECTION PERIOD

7. WORKING CAPITAL TURNOVER RATIO

Working Capital Turnover Ratio = Net Sales

Gross Profit Ratio = Gross profit

Net Profit Ratio = Net Profit

Costing is use for two purposes:

TRAINING AND DEVELOPMENT

Development: Development means those learning opportunities designed to help employees to

What are the Training Inputs?

 Helps remove performance deficiencies in employees

On the Job Training Methods

Off the Job Trainings

Off the Job Training Methods

1. Classroom Lectures: It is a verbal lecture presentation by an instructor to a large audience.

 Environment And Natural Resources

Objectives of Labour Welfare

Labor welfare has the following objectives:

I. To provide better life and health to the workers

2. To make the workers happy and satisfied

Laminated Films: Roll Forms

 Instant drying at high production speeds

Spot Hologram / Holographic laminate

Spot Holographic laminates provides anti-counterfeit solution to protect your product as it is

High Barrier Laminate

Facility Layout Objective

An organization can achieve the above-mentioned objective by ensuring the following:

 Better training of the workers and supervisors.

QUALITY CONTROL IN MANUFACTURING

 Increase customer loyalty

Using Quality Assurance with Quality Control in Manufacturing

 Acquiring raw materials

Quality Control, Quality Assurance and Lean Manufacturing

MATERIAL REQUIREMENTS PLANNING

MASTER SUPPLIER LEAD

BalmerLawrie& Co. Ltd - BALMLAWRIE

Ester Industries Ltd - ESTER

Flexituff International Ltd - FLEXITUFF

Jindal Poly Films Ltd - JINDALPOLY

Parekh Aluminex Ltd - PAREKH ALUMINEX LTD

TCPL Packaging Ltd - TCPL

Time Technoplast Ltd - TIMETECHNO

Jumbo Bag - JUMBO BAG

Polyplex Corp - POLYPLEX

Shri Rama Multi - SHRI RAMA MULTI

PankajPolypack - PANKAJ POLYPACK

Rishi Techtex - RISHI TECHTEX