SUMMER TRAINING AT SARA SUOLE PRIVATE LIMITED,

MADHANUR.
By

MAHALAKSHMI.M
REG. NO. 211418631082

Of

PANIMALARENGINEERINGCOLLEGE

SUMMER TRAINING REPORT

Submitted to the

FACULTY OF MANAGEMENT STUDIES

In partial fulfillment of the requirements
for the award of the degree

of

MASTER OF BUSINESS ADMINISTRATION

JULY-2019
 PANIMALARENGINEERINGCOLLEGE
(A CHRISTIAN MINORITY INSTITUTION)
JAISAKTHI EDUCATIONAL TRUST
BANGALORE TRUNK ROAD
VARADARAJAPURAM, NASARATHPETTAI,
POONAMALLEE, CHENNAI - 600 123

DEPARTMENT OF MANAGEMENT STUDIES

CERTIFICATE

This is to certify that this project report titled “Summer Training Report” is the bonafide
work of MAHALAKSHMI.M who carried out the research under my supervision. Certified
further, that to the best of my knowledge the work reported herein does not form part of any
other project report on the basis of which a degree or award was conferred on earlier occasion
on this or any other candidate.

Internal Guide Head of the Department

 ACKNOWLEDGEMENT

I would like to express my sincere gratitude to OurChairman Dr. JEPPIAAR

M.A., B.L., Ph.D., for providing excellent environment and infrastructure andfor his valuable
support throughout the course of study.

I express my deep sense of gratitude and thanks to OurSecretary and

Correspondent Dr.P.CHINNADURAI M.A., Ph.D., and I express my sincere thanks
toOurDirectorsMrs. C. VIJAYA RAJESWARI, Mr. C.SAKTHIKUMAR, M.E.,
M.Phil., and Mrs. SARANYASREE SAKTHIKUMAR, B.E., M.B.A., I also express my
gratitude to the Principal Dr. K.MANI M.E., Ph.D.for providing all the required facilities for
the successful completion of this project work.

I take this opportunity to express my gratitude to the Dean & Head of the
Department of Management studies, Dr. V.MAHALAKSHMI M.L., M.B.A., Ph.D., for
providing me an opportunity and ( YOUR GUIDE NAME WITH DEGREE)who has given
me guidance to do this project work.

MAHALAKSHMI.M
 TABLE OF CONTENTS

S.NO CONTENTS Page No.

1. Introduction

2. Company Profile

3. Organization Chart

4. Methodology

5. Observations

6. Outcomes

7. Conclusion
INTRODUCTION:
Started in 2001, Sara Suole Pvt. Ltd. has grown from just 25 people in one location to
become a USD 75 million company. Its footprint stretches across the world - from Europe to
Africa, the US to Australia. And footprint is appropriate, because Sara Suole Pvt. Ltd. is
India’s largest Builtup Sole manufacturer and one of its leading manufacturers of shoes and
leather.
Right from inception, Sara Suole has concentrated on ensuring the highest standards of
manufacture. Which is why every step of the process is overseen strictly, using end-to-end
integration of production: from raw leather to finished footwear, from design to retailing.

With its own design center in Italy, Sara Suole has several units employing hundreds of
skilled craftspeople and equipped with world-class machinery for manufacture and testing.
Craftsmanship is key in footwear and our workers have earned an enviable reputation for
ensuring a finish which compares to the best in the world.

The finest craftsmen need the finest materials and tools. That's why Sara Suole imports raw
leather strictly from LGW compliant tanneries in the USA, the Amazon Basin and Europe
and finishes 12 million sq. ft. in its LWG Gold rated plant. 360,000 kg of vegetable tanning is
carried out for soles. Besides its own premium calf, kip and cow leather, Sara Suole also
imports premium finished leather from Italy & Argentina.

Its current manufacturing capacity - which is being enhanced – is over 18,000 pairs of soles
and 10,500 pairs of shoes a day. Of particular note is the Central Sourcing Department, which
coordinates with nearly 50 customers worldwide. The in-house design, sourcing and
manufacturing abilities are supplemented by associations with leading specialist
manufacturers. Among a number of other awards and accolades, Sara Suole Pvt. Ltd. is
certified as a 3-star exporter by the Government of India.
A state-of-the-art Testing Laboratory complements the excellence of manufacturing and
craftsmanship. Armed with the latest equipment and highly qualified technicians, it can test
tensile & tear strength; do endurance, performance, ageing and bonding testing and much
more for all of Sara Suole units.

The preferred partner for a number of the world's largest shoe brands – Clarks, Bugatti Shoes,
Nordstrom, Florsheim, Aldo, Gabor, Dine, Lucky, Next – Sara Suole is looking to partner
others with an eye for quality and cost-effectiveness. The product line includes mens shoes,
womens shoes, sandals, thongs, accessories like laptop bags, wallets, belts, duffel bags.

Sara Suole takes a great deal of effort to ensure it is a socially responsible organization that
ensures worker happiness and environmental sustainability. Not only do all stakeholders
benefit from these policies, workers get special attention - through up skilling, community
interventions and innovation. In addition, given the heavy use of water in leather
manufacture, Sara Suole is already well on the way to being a water-positive organization.

Sara Suole Pvt. Ltd. is part of the Dhanani Group of Industries which has a turnover touching
USD 500 million. The Group is one of India’s most dynamic. Based in Bangalore, the
Dhanani Group is a name to reckon with in footwear, chemicals & fertilizers and hospitality.
Its ventures include Hotels and some of the country's most loved – and largest – chains of
restaurants.

Sara Suole Pvt. Ltd. puts the happiness of customers, employees and partners at the heart of
everything it does. And that is why it is going places. Fast!

Established in 2002 , Sara Suole Pvt. Ltd. has made a name for itself in the list of top suppliers of Shoes
Materials & Accessories ,Sandals in India. The supplier company is located in madhanur and is one of the
leading sellers of listed products.
Sara Suole Pvt. Ltd. is listed in Trade India's list of verified sellers offering supreme quality of Soles From Sara
Suole ,Best Quality Soles From Sara Suol ,Durable Leather Shoes Sole etc. Buy Shoes Materials &
Accessories ,Sandals in bulk from us for the best quality products and service.
 Sara Suole Private Limited is an unlisted private company. The company is a manufacturer
and exporter of leather and leather products includes soles, shoes, sandanls etc.

Products & Services: Soles from Sara Suole, Soes from Sara Suole, Sandals from Sara
Suole, Casual Slippers, Formals Shoes For Men, Leather Shoes, Leather Sole
Category: Manufacturer

Sara Suole Private Limited was incorporated on 26 April, 2001. The company has 4 directors
and no reported key management personnel. The total paid-up capital is INR 11.75 cr. The
last reported AGM (Annual General Meeting) of the company, per our records, was held on
30 September, 2018. Also, as per our records, its last balance sheet was prepared for the
period ending on 31 March, 2018.

SARA VISION :
 To become the trusted partner for Shoe making in India
 To achieve production capacity of six million pairs per annum by 2020
 To establish Sara Suole Pvt. Ltd. Academy, for enhancing the lives of the people from rural
areas by imparting employable skills

SARA MISSION:
 Achieve: Perfection in art of shoe making
 Abide: Commitment to customers
 Adhere: Society and environment

SARA VALUES:
 Integrity: Being honest in thought and action
 Passion: Perfect craftsmanship
 Harmony: Mellifluous with environment
SARA PEOPLE:
Sara Suole Pvt. Ltd. has the most competent people in the business, as the footwear industry
is craft driven and creative in nature. Highly experienced designers, technicians, engineers,
management professionals from diverse background with global exposure, are part of the
formidable team that helps create the Sara Edge; not to forget the hardworking men and
women on the machines, cutting, pasting and stitching, who form the real backbone of Sara
Suole Pvt. Ltd. 5,000 pairs of hands with minds and hearts help us achieve 10,000 numbers
every single day. And we must add that we consider them our family and vice-versa.
Sara Suole Pvt. Ltd. was incorporated as a sole manufacturing unit in 2001 under the
leadership of Kayum Dhanani. An alumni of ‘Central Leather Research Institute’(CLRI),
Chennai, he has mastered the art of making shoes and specialized in soles. Prior to this, he
had obtained ICGSE certificate from Cambridge University, UK. He is also an active
member of IFCOMA & CLE.

His initiative, professional guidance, technical knowledge, business excellence, passion for
fashion and leadership is nurturing the future of the Sara Suole Pvt. Ltd., globally. Currently,
he guides the firm’s leadership, vision, policies, values and culture. He is the main driving
force behind forging and sustaining the group's strategic partnerships with International
brands.
COMPANY PROFILE:
Company Name SARA SUOLE PRIVATE LIMITED
Company Status Active
RoC RoC-Bangalore
Registration
28955
Number
Company Category Company limited by Shares
Company Sub
Non-govt company
Category
Class of Company Private
Date of
26 April 2001
Incorporation
Age of Company 18 years, 4 month, 2 days
Tanning and dressing of leather, manufacture of luggage handbags,
Activity saddlery & harness.
Click here to see other companies involved in same activity.
Number of
4
Members
Age (Incorp. Date) 18.3 Years (26-04-2001)
Open Charges ₹388.18 Cr ( 5 Charges )
Directors Current : 4 ( Past : 0)
Company Type UnListed Private
Signatories Nil
Last AGM Date 30-09-2018
Email ID finance@saragroup.in
Balance Sheet Date 31-03-2018
Company Website www.saragroup.in
Profit After Tax ₹₹₹
Tanning And Dressing Of Leather; Manufacture Of Luggage; Handbags
Industry
Saddlery; Harness And Footwear
Easy access to trade data:

U.S. Customs records organized by company

U.S. shipments available for Sara Suole Pvt., Ltd., updated weekly since 2007

42 more
Date Supplier Customer Details
fields

2019-07- Sara Suole Pvt., C J Clark Bill of

LEATHER SHOES FOR MEN
05 Ltd. America Inc. lading

2019-07- Sara Suole Pvt., C J Clark LEATHER SHOES AND HALF Bill of
05 Ltd. America Inc. BOOTS FOR ME lading

2019-06- Sara Suole Pvt., C J Clark Bill of

LEATHER SHOES FOR MEN
14 Ltd. America Inc. lading

DESIGN AND DESIGNER:

Appealing to evolved design sensibilities and adhering to International design
standards is critical to our business. At our studio in Italy we have access to the best of
designers and modelists to develop styles and designs that are in line with international
aesthetics and sensibilities. We are also equipped with a very proficient in-house product
development and engineering departments, with designers hand-picked from all over the
country having vast knowledge and experience acquired from FDDI and CFTI. To ensure that
the designs are implemented accurately by our manufacturing units, we use high-end design
software at our in-house design lab.
QUALITY:
LEATHER:
Leather is the first step to creating quality footwear. Our raw materials are sourced from the
best in the world viz. Egypt, Indonesia and South Africa. Our tanneries ensure the leather is
as per client’s specifications. We even manufacture leather for some of our regular clients.
The Ranipet Tannery cuts out 10 million square feet of leather annually while the Pernambet
plant makes 3,60,000 kilos of vegetable tanned leather. Finished leather, is procured mostly
from Italy, Argentina and Hong Kong.
QUALITY STANDARDS:
Since we cater to global brands, we meticulously maintain International Quality Standards at
every stage of manufacturing - right from the raw material purchase, cutting, closing and full
shoe-making.

Sara Suole Pvt. Ltd. is a certified SATRA member and all shoes manufactured, strictly
adhere to SATRA standards as well as customer standards. To ensure every shoe meets the
required standards, there is a 4 level QC process carried out by the quality control team that
checks the shoe at various stages of manufacturing:

 During the making of uppers and soles

 After attachment of soles to uppers
 After the shoes are completely finished
 Post packaging
The finished goods are once again inspected pair by pair in random by a well-trained quality
team to deliver as per global quality standards, and to ensure that end products are of the
highest quality, offering best value for money.

PRODUCT GUARANTEE:
From inception Sara Suole Pvt. Ltd.’s DNA is to offer products of finest craftsmanship and
elegant aesthetics with an obsession to quality. Our oath of guarantee is the result of our
unparalleled commitment to the product quality and design.
QUALITY CONTROL LAB:
A state-of-the-art testing Laboratory complements the excellence of manufacturing and
craftsmanship. Armed with the latest equipment and highly qualified technicians, it can test
tensile & tear strength; do endurance, performance, ageing and bonding testing and much
more for all of Sara Soule's units. The Laboratory has undergone an audit for an accreditation
by SATRA as it offers testing service mainly as per SATRA physical testing methods.
CRAFTSMANSHIP:
Shoemaking is all about craftsmanship. That is where Sara Suole Pvt. Ltd. has a distinct edge,
as we entered the business more than a decade and a half now. Over the years, we have
mastered the craft of creating world-class footwear thanks to highly experienced craftsmen
who joined us and helped perfect that. Right from tanning the leather, to cutting it to
perfection, to stitching it all together to achieve that photo finish, our craftsmen make sure
every piece is a work of art.

Finish & Fit

Sara Suole Pvt. Ltd. has been able to build its reputation as a world-class footwear
manufacturer thanks to its ‘finish’. The company follows discreet internal processes and
adheres to stringent guidelines to ensure International finishing standards. There is an
exclusive finishing lab with a team of well-trained experts at every plant who go through
each and every pair meticulously, before it finally crosses the finish line.

GLOBAL SOUCRING:
Sara Suole Pvt. Ltd. has a centralised sourcing department with global sourcing capabilities
and currently serves over 40 customers worldwide. The company has access to some of the
finest vendors in the world, and has the ability to source the best in class raw material as well
as finished products from around the globe. Thus, it provides cutting edge cross-
competitiveness. The new product development facilities and capabilities are strengthened
through strategic partnerships & tie-ups with specialized product service providers.

Sara Suole Pvt. Ltd. has stringent quality assurance processes for all its operations. For
example, at RUOSH, there are 2 product experts assisted by 5 quality assurance team
members who work with factories to improve products and ensure best in class quality.

An example of global sourcing reach, Sara Suole Pvt. Ltd. sources different kinds of leather
from countries like Germany, UK, Argentina, USA and Thailand; while non-leather products
like Foot bed, Tunit Sheets, Finishes, Ornaments, Elastics, Brushes, PU Lining, Foams, EVA
are sourced from Germany, Italy, China, Taiwan, Slovenia to name a few.
SARA AWARDS:
The secret of Sara Suole Pvt. Ltd.’s success and phenomenal growth can be attributed to its
sheer consistency. Right from inception, the company has been delivering top quality - time
and again, thereby creating a name for itself in the industry.

After its first major award – Council of Leather Export Excellence Award, instituted by the
Govt. of India, winning became almost a habit.

2016-2017
Best Company Exporter Award- Federation of Karnataka Chambers of Commerce &
Industry.
2015-2016
Special Recongnition Certificate- Federation of Karnataka Chambers of Commerce &
Industry.
2014-2015
Best manufacturer Exporter Award – Gold- Federation of Karnataka Chambers of Commerce
& Industry. (Medium Category)
2013-2014
State Export Excellence Award – Gold- VTPC, Department of Industries and Commerce,
Government of Karnataka(Leather Products – Medium/Large)
CLE Export Excellence Award – First Place- Council for Leather Exports, Ministry of
Commerce and Industry, Government of India(Leather Footwear)
2012-2013
CLE Export Excellence Award – First Place- Council for Leather Exports, Ministry of
Commerce and Industry, Government of India(Leather Footwear)
State Export Excellence Award – Gold- VTPC, Department of Industries and Commerce,
Government of Karnataka
2011-2012
CLE Export Excellence Award – First Place- Council for Leather Exports, Ministry of
Commerce and Industry, Government of India(Leather Footwear)
State Export Excellence Award – Gold- VTPC, Department of Industries and Commerce,
Government of Karnataka(Leather Products – Medium/Large)
Best manufacturer Exporter Award – Gold- Federation of Karnataka Chambers of Commerce
& Industry(Medium Category)
2010-2011
CLE Export Excellence Award -Second Place- Council for Leather Exports, Ministry of
Commerce and Industry, Government of India (Leather Footwear)
BASIC INFORMATION:
Sara Suole Private Limited is a Private incorporated on 26 April 2001. It is classified as Non-
govt company and is registered at Registrar of Companies, Bangalore. Its authorized share
capital is Rs. 150,000,000 and its paid up capital is Rs. 117,525,280. It is inolved in Tanning
and dressing of leather, manufacture of luggage handbags, saddlery & harness.

Sara Suole Private Limited's Annual General Meeting (AGM) was last held on 30 September
2018 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last
filed on 31 March 2018.

CERTIFICATES:
Sara Suole Pvt. Ltd. is a certified SATRA member, which is the Gold standard in the
footwear manufacturing industry. All shoes manufactured and every strap of leather used at
Sara Suole Pvt. Ltd., strictly adheres to the global SATRA standards of quality.

Sara Suole Pvt. Ltd. has been accorded the status of Three Star Export House, in India, the
highest in the industry, in accordance with the provisions of the Foreign Trade Policy of the
Government of India for 2015-2020.
GROUP COMPANIES:

Iconium Leather Works

Iconium Leather Works Pvt. Ltd., is a family-founded company which has specialised the art
& science of leather making – based in Southern part of India near Chennai. Promoted under
the distinguished Taurus Tannery banner, the firm has been serving clients for decades – with
Bhuvan Kumar carrying the acquired knowledge. These learnings have not only given us the
insights of the leather making processes, but along so we have systematically archived the
learnings to develop expertise in – Calf, Kips & Cow. Having passed the tests for three
generations in customer service, we are now established as modern professional tanners
which has added accreditations ranging from ISO certification, SATRA training to LWG
Gold status.

Our joint venture with Sara Suole Pvt. Ltd. formed by Kayum Dhanani, has catapulted us to
be ranked amongst the top tanners, apart from acquiring the Value Systems of one of the
fastest growing & nimble footed group. The tannery has a capacity to produce a million-
square foot of leather per month catering to – Classic & Fashion range. Years of experience
in serving the clients including leading brands has helped us carve our path to expand; and we
plan to expand to global markets by reaching out to Customers and have our representative
offices in countries with strategic geographical importance.

Our tannery specializes in manufacturing finished leather and leather products that cater to
diverse needs of varied customers. We have the capability to convert raw leather into finished
one with fineness meeting stringent norms.

Our ability to meet global standards, allows us to position our products to be amongst the
leading Finished Leathers by having strategically adopting a path to offer differentiated
products - Leather in terms of quality, touch, feel, color & so on.

Iconium has grown to become the preferred partner and valued supplier of leathers to major
businesses across including International brands.
Though we have diversified processes to produce leathers in Cow, Buff & Goat - our niche
remains with Leathers made in Calf, Kips & Cow. With advances made, we have forayed
with same as passion as done for Calf & Kips to make Buff as another mainstay of our
product range.

Team Iconium strives to touch lives across the consumer base - Footwear, Leather Goods,
Safety & Lifestyle products, and so on.

PRODUCT :

SHOES

SOLES

LEATHER

GLOBAL PRESENCE:
At Sara Suole Pvt. Ltd., we produce more than 10,000 pairs of shoes every day in our
Bangalore and Ambur units. Our market penetration extends from the US, UK, Europe to
Australia. Adhering to timelines and finish quality has made us the first choice to many a
leading labels in the world market viz. Clarks, Bugatti, Florsheim and Zara to name a few.
Today, we can proudly say that Sara Suole Pvt. Ltd. has itself evolved to become a global
brand in footwear manufacturing.
CULTURE:
Sara Suole Pvt. Ltd. believes in the philosophy of “Antarya” and makes it integral to the
culture of the company and the lives of its employees. It is manifested in the 3 E’s:

Engaged: Commitment with unmatched efforts.

Enabled: Work environment that unleashes high productivity and high performance.
Energised: Familial setup to foster deeper involvement with higher energy level.
EMPLOYEE WELFARE:

Employees are the eyes and hands of every organisation and a healthy, trained and motivated
work force can bring about miraculous changes and growth in the market place. At Sara
Suole Pvt. Ltd. we are committed to our employees. We are also committed to upholding the
values of our buyers around the world and work closely on creating working conditions and a
value system that we can be collectively proud of.

WORKING CONDITIONS:

We run health care centres providing free treatment to our employees and their families.
Our goal is to secure the employee’s safety and well-being at the work place
We strive to ensure the availability of advise of health experts to the employees with an in-
house team of Doctors, Nurses, Welfare Officers and Safety Officers.
We promote a work environment which is adapted to employee’s health and safety needs
Child care facilities & amenities training and awareness drive.
WOMEN EMPOWERMENT:
More than 70% of Sara Suole Pvt. Ltd.’s factory workers are women. To keep them
financially independent and mentally mature we empower them through training, personal
development and by creating awareness on social issues most relevant to women.
VOCATIONAL SKILLS DEVELOPMENT:
More than 70% of Sara Suole Pvt. Ltd.’s factory workers are women. To keep them
financially independent and mentally mature we empower them through training, personal
development and by creating awareness on social issues most relevant to women.
SOCIAL RESPONSIBILTY:
Since our inception over 15 years ago, Sara Suole Pvt. Ltd. has been committed to being a
conscious manufacturer, steadily increasing our corporate responsibility.

Over the years we have strived to improve the lives of our workers, their families, the local
communities that surround us, and the environment we work in - creating shared value across
all our stakeholders. This is reflected in our approach to employment, training, personal
development, community interventions and environmentally sustainable innovations.
Environmental Sustainability: Manufacturing by any industry leaves an environmental
footprint. In the case of leather and footwear, water is a critical resource. To begin with we
have implemented a major rainwater harvesting programme to enable a healthier ground
water table in and around our factories. And we are taking all efforts as we strive to become
water positive in the coming years.

COMPANY NETWORK:
ORGANISATION CHART:
MANUFACTURING DEPARTMENT:

PRODUCT :
SHOES
SOLES
LEATHER
ABOUT SHOES:
Started in 2005, we have 3 manufacturing units spread over 3,00,000 sq. ft. with a production
capacity of 10,500 pairs/day (or 2.8 million pairs/year).

20 self-owned “upper” manufacturing plants & 12 assembly lines to deliver on volumes.

Specialization in Moccasins, Sachetto, Ballerinas, Strobel, Bologna and Cemented shoes.

Manufacturers for top brands, viz. Clarks, Bugatti, NordStrom, Kenneth Cole, Florsheim, Aldo,
Gabor, Dune, Next, et al
ABOUT SOLES:
Started in 2001, we have the largest built-up Sole manufacturing setup spread over 70,000 sq. ft.
with a production capacity of 18,000 pairs/day.

5 million pairs of leather and synthetic soles (TPR, TPU and PVC) produced every year.

In-house capability to manufacture leather-injected soles.

Over 500 craftsmen and engineers employed across our 2 sole units in Bangalore, India.
ABOUT LEATHER:
Raw material imported from USA, Amazon Basin & Europe

10 million sq. ft. of leather manufactured at “LWG Gold” rated, Ranipet tannery annually

Sourcing strictly from experienced & LWG compliant tanneries to meet stringent customer norms

World’s premium finished leather imported from Italy & Argentina

3,60,000 kgs of vegetable tanning done every year at the Pernambet plant to meet the requirements
for Soles
Specialisation in the premium & mid premium segment for Calf, Kips & Cow leathers, by
developing leathers that meet both “Classic” & “Fashion” requirements
FINANCIAL DEPARTMENT:

Financial activities are activities that companies undertake to help achieve their economic
goals and objectives. They include events and transactions that affect a business’ equity and
long-term liabilities. Anything to do with the movement of money, i.e., cash inflows and
outflows, is a financial activity.Purchasing and selling assets or products, organizing
accounts, and maintaining accounts, for example, are financial activities. Arranging loans,
selling bonds or stocks are also financial activities.

“The buying and selling of assets and products, maintaining accounts, organizing accounts,
and issuing bonds or stocks. They also include arranging loans and other monetary business
activities.”In accounting, we display financial activities on the statement of cash flows.
Specifically, they are the third set of cash activities.

CASHFLOW ANALYSIS:

The term includes the flow of cash into and out of the company,
i.e., cash inflows and outflows. This money is from investors and creditors.

New loans that the company issues, for example, are inflows from creditor.Loan and interest
payments, on the other hand, at cash outflows.

In other words, whenever money is flowing in or out of a company, there is a financial

activity.“Cash inflows from investors occur from newly issued stock or contributions from
partners; whereas, cash outflows from investors consist of dividends and owner distribution.

Some financial activities, however, have no effect on a company’s cash. If a company

finances a project directly, for example, cash remains unaffected.A company’s cash account
never alters if it uses a mortgage for a new building.
FINANCIAL ACTIVITIES OF SARA SUOLE COMPANY:

 Issuance of bonds and other debts (cash inflow).

 Sale of shares (cash inflow).
 Repurchasing of company shares (cash outflow).
 Dividend payments (cash outflow).
 Debt repayments (cash outflow).

FUNCTIONS OF FUNCTION DEPARTMENT :

Bookkeeping and Payables/Receivables:

Bookkeeping is the most basic financial activity in a company. Before a business owner ever
considers hiring a CFO, they bring in a bookkeeper, who tracks all of the transactions in the
organization, covering both sales and expenses. As the organization grows, they might hire
more specialized payables and receivables clerks, to take over functions such as
corresponding with vendors and suppliers, above and beyond recording transactions.

Financial Reporting and Control:

Financial Reporting and Control is the function that takes raw accounting entries and
transforms them into usable and comparable financial statements. Requiring far more
judgment than the bookkeeper’s role, this function involves everything from ruling on how to
implement accounting principles to designing financial processes of the organization,
selecting accounting systems, liaising with external auditors, and ensuring that there are no
gaps or oversights in existing processes.
Tax and Compliance:

Running a business involves paying tax, and paying tax means doing a lot of calculations and
filling out a lot of forms. Often using the financial statements as a basis, along with various
other configurations of the information produced by Bookkeeping and Payables/Receivables,
the Tax and Compliance function will make sure all of the government forms and filings are
sent complete and on-time to the taxman. A strong Tax and Compliance function will go one
step beyond simple compliance, and will find ways to minimize tax, so as to maximize the
company’s net income.

Strategic Planning and Financial Planning & Analysis

This function, “FP&A” for short, is the true bridge between the Past and the Future. FP&A
regularly creates strategic and financial plans that forecast what financial results (sales and
expenses) will look like in future periods. Then, they compare actual results—prepared with
the assistance of the Financial Reporting and Control function—to determine areas where the
business can improve. With this “variance analysis” complete, they can then prepare more
accurate forecasts for the future. A strong FP&A function will not only generate annual
forecasts but will be able to update them even over the course of a day or two, and to run
many scenarios that examine the effects of, say, losing a big customer or an economic
contraction.

Treasury & Working Capital Management

The key role of Treasury is to make sure that the company doesn’t run out of cash. This
means, among other things, forecasting the upcoming working capital (receivables, payables
and inventory) needs of the company, investing surplus cash in short-term instruments to
generate modest interest income, and managing currency risk.
Capital Budgeting

Capital Budgeting is the function responsible for selecting between the various uses of
capital, or capital projects. After all, most organizations will have money available to invest
in the business, with the hopes of either growing sales or reducing expenses. But the
opportunities for spending typically exceed the amount available to spend, so Capital
Budgeting develops business cases to evaluate and identify the most effective projects. A
strong Capital Budgeting function will not only forecast project benefits, but will also track
these benefits over time to determine whether the use of capital was as effective as originally
anticipated.

Risk Management

Risk Management is a function that is rapidly developing after the financial scandals of the
early 2000s (Enron, WorldCom, the Great Recession and Lehman/Bear Stearns collapse,
etc.). In the financial services industry, the function is particularly central as most institutions
run with a high amount of debt (leverage), though leaders in other industries are also bulking
up this function. Risk Management takes a hard look at some of the key risks faced by the
company—currency, interest rate, market, operational, legal, etc.—and tries to quantify the
possible impacts so that they can be mitigated as much as possible. If FP&A looks at the base
case scenario for the company’s financial results, Risk Management takes a wrecking ball to
it.
FINANCIAL REPORT:

Operating Revenue Over INR 500 cr

EBITDA -12.62 %

Networth -5.85 %

Debt/Equity Ratio 1.85

Return on Equity 8.18 %

Total Assets 10.52 %

Fixed Assets 5.94 %

Current Assets 11.00 %

Current Liabilities 25.21 %

Trade Receivables 3.24 %

Trade Payables 60.34 %

Current Ratio 1.20

CONNECTED COMPANIES:
NUMBER OF COMMON PAID UP
NAME STATE
DIRECTOR CAPITAL

RUOSH RETAIL PRIVATE LIMITED 2 Karnataka 1.70 lac

ASHIKA LEATHERS PRIVATE

2 Tamil Nadu 13.51 lac
LIMITED

RED APPLE KITCHEN

2 Karnataka 5.00 lac
CONSULTANCY PRIVATE LIMITED

SAMAR LIFESTYLE PRIVATE

2 Karnataka 1.25 cr
LIMITED

SAMAR RETAIL PRIVATE LIMITED 2 Karnataka 4.00 cr

SAYAJI HOTELS LIMITED 1 Gujarat 27.52 cr

FAVORITE RESTAURANTS PRIVATE

1 Karnataka 9.51 cr
LIMITED

UNIERA LABORATORIES LIMITED 1 Gujarat 2,000.00

MALWA HOSPITALITY PRIVATE Madhya

1 13.34 cr
LIMITED Pradesh

BARBEQUE-NATION HOSPITALITY
1 Karnataka 13.99 cr
LIMITED

CALLIDUS SHOEMAKERS PRIVATE

1 Tamil Nadu 2.52 cr
LIMITED

ICONIUM LEATHER WORKS

1 Karnataka 8.14 cr
PRIVATE LIMITED

BROWN HOUSE BAKING PRIVATE

1 Karnataka 15.52 cr
LIMITED

SAYAJI HOUSEKEEPING SERVICES

1 Karnataka 6.38 cr
LIMITED

SANA HOSPITALITY SERVICES

1 Maharashtra 10.00 cr
PRIVATE LIMITED
 CATWALK WORLDWIDE PRIVATE
1 Maharashtra 2.78 cr
LIMITED

SANA REALITY PRIVATE LIMITED 1 Maharashtra 5.00 cr

SAYAJI HOTELS (PUNE) LIMITED 1 Tamil Nadu 5.00 lac

FAT BEAN HOSPITALITY PRIVATE

1 Karnataka 1.00 lac
LIMITED

SAYAJI HOTELS MANAGEMENT

1 Tamil Nadu 5.00 lac
LIMITED

LIBERTY RESTAURENT PRIVATE

1 Maharashtra 4.48 cr
LIMITED

HUMAN RESOURCES DEPARTMENT:

Human resource management (HRM) The fact that employees today are central to achieving
competitive advantage has led to the emergence of the field known as human resource
management (HRM).”According to Dessler "strategic HR means accepting the HR function
as a strategic partner in the formulation of the company's strategies as well as in the
implementation of those through HR activities such as recruiting, selecting, training and
rewarding personnel. It is about the relationship between HRM management in the
organization. HRM refers to the overall direction the organization wishes to pursue in
achieving its objectives through people. It is people who implement the strategic plan.
Therefore, top management must take this key factor; the people fully into account in
developing its corporate strategies.
FUNCTION OF HUMAN RESOURCES:
Human resource management is a central pillar of many organizations. Human
resource departments are responsible for activities spanning a wide variety of core
functions.

In short, human resource activities fall under the following five core functions: staffing,
development, compensation, safety and health, and employee and labor relations.
HR PLANNING:
Human resource planning Employment planning is the personnel process that attempts to
provide adequate human resource to achieve future organizational objective. It include
forecasting future needs for employees of various types, comparing these needs with the
present workforce and determining the number and types of employees to be recruited or
phased out of the organizational employment group. An organization would not build a new
plant conduct the ribbon-cutting ceremony and then begin to worry about how to staff the
facility. Traditional, HR planning is usually initiated and managed by the HR department.
However, since information is needed from all parts of the organization, line manger must be
involved in the HR planning process with same planning methods requiring more manager
involvement than other. Strategic HR planning involves top management as well as HR
experts and many rely on information from many levels of management.Not all leather,
leather products or footwear industries engage in HR forecasting and planning, though more
and more are doing so each year.
METHODOLOGY:
PRIMARY DATA ANALYSIS:
Data which are collected fresh and for the first time and thus happens to be original in the
character. Primary data are gathered for specific purpose. Primary research consist of a
collection of original primary data collected by the researcher. It can be accomplished
through various methods including questionnaires, and telephone interviews in market
research are experimental and direct observation in the physical science, amongst other.
Primary data could be collected in the three different base which is interview by visit,
interview by phone, or by questionnaires. Every method as its advantages and disadvantages.
The advantages of that are immediate, the percentage are high and necessary complimentary
questions are easy to ask.
The disadvantages of the question have to be rather easy to ask that are affects by interviews
could influence the respondent and that sensitive question are not that suitable the kind of
interview situation.
SECONDARY DATA ANALYSIS:
Data that are collected from the primary data that is they are already existing somewhere for
the purpose of the study we collect both the data.
For the purpose of the study we collected :
Secondary data through induction manuals, magazines, corporate journals and website.
SUGGESTION:
Senior managers of the company should regularly review objectives, strategies and processes
associated with human resource management practices in their organization and make
changes or introduce innovations accordingly.
Senior manager should monitor the satisfaction and commitment of employees and the
customer on a regular basis standardized surveys.
Senior manager to monitor employees perceptions of the culture of their organizations,
examining areas which contribute towards an enabled, supported and equipped to do their
work.
Marketing practices should be reviewed the organization in the following areas;
Selling and introducing
Performance
Training
Reward system
Design of jobs
Communication
Company should provide adequate training and support to the employers and also check
whether employee are able to acquire the given skills.
The central element of each organization philosophy and mission should be commitment to th
skill development, well being effectiveness of all employees.
Marketing practitioners must take a leadership role in identifying the people issues and
opportunities that the organization face and the specific initiatives that will support business
strategy.
FINDINGS:
Consumer reaction suggest that select is the market leader among all its counter parts in the
shoes and apparel segment.
They arrange meeting of management person and discuss the problem with each other. Its
good thing for the company and makes strong companies management.
In the select we have visited we saw that all the people are doing their work is given to them
the work is going systematic only.
At the time of survey we find that there are many competitors who are having the good
technology to produce packaging.
Competitors are having very skilled people in their company. Select limited, having the lack
of contract with the domestic company.
Quality is the most important parameter for the select limited. And company is trying to work
innovation in flexible packaging.
Company as maintain the good relationship with the suppliers and customers. This leads to
growth of the company.
CONCLUSION:
On the basis of finding made through analysis we can concluded the following factors-
The percentage of the people using branded shoes is highly preferred by the people and both
type of men and women shoes. The awareness of the sara suole shoes category is better than
other brands as like as occasion, formal, boots, smart casuals, moccasins, sneakers, casual
slippers, ballerina, sandals.