sree minaksisundaram textiles
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SREE MINAKSISUNDARAM TEXTILES
SREE MINAKSISUNDARAM TEXTILES
Executive Summary
Gaining Economic Significance:-
The Textile Industry is at the cusp of regaining its earlier significance in the Indian Economy.
Currently, the sector accounts for around 14% of the total industrial production and around
4% of the country's overall GDP. The sector contributes valuable foreign exchange for the
country as it accounts for nearly 20% of the country's total exports.Domestic Industry -
Restructuring a growth strategy: The Textile Industry underwent a lean phase during the late
nineties. This was primarily on account of excess capacity, higher interest costs on account of
debt burden, Government policie
Favoring small-scale industries, labour laws and slowdown in the global economy among
others. Declining interest rates, growing domestic economy, favourable Government
policies, revival in global economy and growing potential post-quota regime augured well
for the revival in the textile industry. The changing dynamics of the Indian Economy with
the emergence of the upper middle class segment, higher disposable income and
increasing consumerism is providing some demand side relief for the Textile Industry.
Further, with mushrooming of organized retailing, demand for apparels and textiles
would get a fillip. India,.
India to grab share in Home Textiles, followed by Apparels: India is likely
to make the most of its strength in cotton and low cost skilled labour in increasing its of
pie global textile trade. India's current exports at US$15 bn, accounts for only 4% of the
total world exports, which is expected to grow to US$40 bn capturing a market share of
close to 7-8% by 2010. India is well poised to strengthen its foothold in the global home
textiles segment post dismantling of quotas, which would be followed by higher share in
apparels segment.
Backlash from Developed Countries against China to benefit India: Increasing
dominance of China in global textile trade post quota dismantling is expected to attract
backlash from developed markets like US & EU in order to protect domestic industries.
Thus, protectionist measures against China, is likely to act as a boon for India. India
would be second best choice for the global buyers given its established position in the
global textile
INDUSTRY PROFILE
Textile industry largely depends upon the textile manufacturing and export. It also plays a
major role in the economy of the country. India earns about 27% of its total foreign exchange
through textile exports. Further, the textile industry of India also contributes nearly 14% of
the total industrial production of the country. It also contributes around 3% to the GDP of the
country. India textile industry is also the largest in the country in terms of employment
generation. It not only generates jobs in its own industry, but also opens up scopes for the
other ancillary sectors. India textile industry currently generates employment to more than 35
million people. It is also estimated that, the industry will generate 12 million new jobs by the
year 2010.
Various Categories
Indian textile industry can be divided into several segments, some of which can be listed
as below:
Cotton Textiles
Silk Textile
Woolen Textiles
Readymade Garments
Hand-crafted Textiles
Jute and Coir
The Industry
India textile industry is one of the leading in the world. Currently it is estimated to be around
US$ 52 billion and is also projected to be around US$ 115 billion by the year 2012. The
current domestic market of textile in India is expected to be increased to US$ 60 billion by
2012 from the current US$ 34.6 billion. The textile export of the country was around US$
19.14 billion in 2006-07, which saw a stiff rise to reach US$ 22.13 in 2007-08. The share of
exports is also expected to increase from 4% to 7% within 2012. Following are area,
production and productivity of cotton in India during the last six decade.
TEXTILE INDUSTRY
Textile industry in india is the second Largest employment generator after agriculture. It
holds significant status in India as it provides one of the most fundamental necessities of the
people. Textile industry was one of the earliest industries to come into existence in India and
it accounts for more than 30% of the total exports. In fact Indian textile industry is the second
largest in the world, second only to China.
Textile Industry is unique in the terms that it is an independent industry, from the basic
requirement of raw materials to the final products, with huge value-addition at every stage of
processing. Textile industry in India has vast potential for creation of employment
opportunities in the agricultural, industrial, organised and decentralised sectors & rural and
urban areas, particularly for women and the disadvantaged. Indian textile industry is
constituted of the following segments: Readymade Garments, Cotton Textiles including
Handlooms, Man-made Textiles, Silk Textiles, Woolen Textiles, Handicrafts, Coir, and Jute.
Till the year 1985, development of textile sector in India took place in terms of general
policies. In 1985, for the first time the importance of textile sector was recognized and a
separate policy statement was market. The policy also aimed at achieving the target of
announced with regard to development of textile sector. In the year 2000, National Textile
Policy was announced. Its main objective was: to provide cloth of acceptable quality at
reasonable prices for the vast majority of the population of the country, to increasingly
contribute to the provision of sustainable employment and the economic growth of the nation;
and to compete with confidence for an increasing share of the global textile and apparel
exports of US $ 50 billion by 2010 of which the share of garment will be
Industry Structure
The textile and apparel industry is one of the leading segments of the Indian economy and the
largest source of foreign exchange earnings for India.
This industry accounts for 4 percent of the Gross domestic product (GDP), 20 percent of
industrial output, and slightly more than 30 percent of export earnings. The textile and
apparel industry employs about 38 million people, making it the largest source of industrial
employment in India. The study identifies the following structural characteristics of India’s
textile and apparel industry:
India has the second-largest yarn-spinning capacity in the world (after China), accounting for
roughly 20 percent of the world’s spindle capacity. India’s spinning segment is fairly
modernized; approximately 35 to 40 percent of India’s spindles are less than 10years old.
During 1989-98, India was the lead-in buyer of spinning machinery, accounting for 28
percent of world shipments. India’s production of spun yarn is accounted for almost
entirely by the “organized mill sector,” which includes 285 large vertically-integrated
“composite mills” and nearly 2,500 spinning mills. India has the largest number of looms in
place toweave fabrics, accounting for 64 percent of the worlds installed looms. However, 98
percent of the looms are accounted for by India’s power loom and handloom sectors, which
use mostly outdated equipment and produce mostly low-value unfinished fabrics. Composite
mills account for 2 percent of India’s installed looms and 4 percent of India’s fabric output.
The hand loom and power loom sectors were established with government support, mainly
to provide rural employment. These sectors benefit from various tax exemptions and other
favorable government policies, which ensure that fabrics produced in these sectors, are price
competitive against those of composite mills. The fabric processing (dyeing and finishing)
sector, the weakest link in India’s textile supply chain, consists of a large number of small
units located in andaround the power loom and hand loom centers. The proliferation of small
processing units is due to India’s fiscal policies, which favor small independent hand- and
power-processing units over composite mills with modern processing facilities. The
production of apparel in India was, until recently, reserved for the small-scale industry (SSI)
sector, which was defined as a unit having an investment in plant and machinery equivalent
to less than $230,000. Apparel units with larger.
Until 2006, Turkey’s textile industry had been experiencing a period of steady growth.
Incomes in Turkey were rising, fuelling domestic apparel and textile demand, and growth in
apparel exports to Europe was strong. In response, Turkish cotton consumption and imports
rose. However, Turkey’s position as a dominant exporter to Europe was soon to be
challenged. China’s 2001 entry into the World Trade Organization marked the beginning of
an influx of Chinese goods around the globe. By 2006, the quota systems that had been in
place to limit Chinese exports of textiles and apparel to many countries had been eased, and
at the end of 2007, European Union quotas expired. With the opening of both the EU and
Turkish markets to Chinese exports, tough price competition from China has had negative
effects on Turkey’s textile and apparel industries. However, it is possible that the recent
worldwide economic crisis could increase the competitiveness of Turkish products,
mitigating the downturn in Turkey’s textile industry.
Turkish Cotton Industry slows
Turkish cotton production has been slowing since the 2004/05 marketing year and has fallen
precipitously in the last two years. Production for 2008/09 is projected to be 2.3 million bales,
a 45% decline from the 2004/05 peak of 4.2 million bales.
Turkey’s imports of raw cotton peaked in 2006/07, when Turkey was the world’s second-
largest importer, importing 4 million bales. Since then, imports have fallen, and the estimate
for 2008/09 is only 2.9 million bales (down 27% from 2006/07). This year, Turkey is
expected to be the fourth-largest importer of cotton, behind China, Pakistan, and Indonesia,
and the third-largest importer of U.S. cotton, behind China and Mexico.
Driving raw cotton imports, Turkey’s mill demand grew until 2006/07, peaking at 7.3
million bales. However, Turkey’s consumption of raw cotton this year is expected to be 5.2
million bales, down 28% from 2006/07. Despite falling consumption, Turkey continues to be
a major player in the world’s cotton supply chain. As with imports, Turkey is the world’s
fourth-largest consumer of cotton, behind China, India, and Pakistan.
Paradoxically, one factor weakening Turkey’s textile industry is the economic strides the
country has made. According to the International Monetary Fund, Turkey’s per-capita GDP
grew 27.3% over the past decade, and recent years have seen increasing stabilization of the
Turkish economy and expansion of the middle class. Rising incomes put pressure on the
textile industry, which must compete with cheap Asian labor in both the domestic and export
markets. Although the textile industry is still Turkey’s largest industrial sector, accounting for
a third of industrial employment, the automotive and electronics industries are growing in
importance (according to the U.S. State Department).
Tough Competition from China
In both its own domestic market and the important European market, Turkey faces tough
competition from Asia, especially China. According to the Turkish Statistical Institute,
Turkey is still a solid net exporter of apparel, with a projected $13.4 billion in exports and
$1.3 billion in imports for 2008. However, imports are rapidly gaining ground. From 2007 to
2008, exports were up slightly (by 6.1%), while imports were up significantly (by 53.9%).
Furthermore, Turkey’s apparel production was down 16.9% from 2007 to 2008.
Much of the growth in Turkey’s imports has been in Chinese apparel. From January through
September 2007 to the same period in 2008, imports from China were up 60.3% in knit
apparel and 48.9% in woven apparel according 06/07 Turkey’s cotton production.
China is the largest foreign supplier of apparel to Turkey, providing 14.9% of Turkey’s total
knit apparel imports and 18.4% of its total woven apparel imports so far in 2008. The value
of Turkey’s imports from China reached new records in September 2008 for both knit and
woven apparel.
Chinese textile and apparel shipments to Europe also are up significantly so far this year.
In fact, for the first ten months of 2008, the EU experienced larger growth in imports from
China (38.54%) than any other region of the world. Despite tough economic times, total
Chinese textile and apparel exports were up 8.43% for the ten-month period. Of China’s
$157.4 billion in global exports of textiles and apparel, $42.5 billion (27.0%) were destined
for Europe, primarily the EU (21.0%) (based on data from the China National Bureau of
Statistics).
Turkey has been feeling the pressure of Chinese competition, as nine of the top ten
destinations for Turkish apparel exports in 2008 were EU countries. The most important des-
tination was Germany, which received 24.6% of total Turkish apparel exports on a dollar
basis (28.5% of knits and 18.9% of wovens). The top non-EU destination for Turkish apparel
was the United States, which received only 2.3% of Turkey’s apparel exports (1.9% of knits
and 3.0% of wovens). For the first nine months of the year, Turkish apparel shipments to the
United States fell 37.1% from 2007 to 2008 (44.3% for knits and 28.2% for wovens),
continuing a seven-year trend of declining importance of the U.S. market to Turkish
exporters.
Along with growing Chinese competition for the European market, the effects of the
economic downturn in Europe have hurt Turkish apparel exports, as the value of September
exports declined 1.4% for knit apparel (to $630.6 million) and 5.5% for woven apparel (to
$450.3 million) (according to the Turkish Statistical Institute). Hardest hit were shipments to
Turkey’s two largest markets, Germany (where exports were flat in knits and down 11.1% in
wovens) and England (with exports down 17.4% in knits and 20.4% in wovens)
Yarn Production
Modernization efforts have brought major changes to the U.S. textile industry. Equipment has
been streamlined and many operations have been fully automated with computers. Machine
speeds have greatly increased. At most mills the opening of cotton bales is fully automated.
Lint from several bales is mixed and blended together to provide a uniform blend of fiber
properties. To ensure that the new high-speed automated feeding equipment performs at peak
efficiency and that fiber properties are consistent, computers group the bales
foproduction/feeding according to fiber properties.
The blended lint is blown by air from the feeder through chutes to cleaning and carding
machines that separate and align the fibers into a thin web. Carding machines can process
cotton in excess of 100 pounds per hour. The web of fibers at the front of the card is then
drawn through a funnel-shaped device called a trumpet, providing a soft, rope-like strand
called a sliver (pronounced SLY-ver).
As many as eight strands of sliver are blended together in the drawing process. Drawing
speeds have increased tremendously over the past few years and now can exceed 1,500 feet
per minute.
Roving frames draw or draft the slivers out even more thinly and add a gentle twist as the
first step in ring spinning of yarn.
Ring spinning machines further draw the roving and add twist making it tighter and thinner
until it reaches the yarn thickness or “count” needed for weaving or knitting fabric. The yarns
can be twisted many times per inch.
Ring spinning frames continue to play a role in this country, but open-end spinning, with
rotors that can spin five to six times as fast as a ring spinning machine, are becoming more
widespread. In open-end spinning, yarn is produced directly from sliver. The roving process
is eliminated.
Other spinning systems have also eliminated the need for roving, as well as addressing the
key limitation of both ring and open-end spinning, which is mechanical twisting. These
systems, air jet and Vortex, use compressed air currents to stabilize the yarn. By removing the
mechanical twisting methods, air jet and Vortex are faster and more productive than any
other short-spinning
After spinning, the yarns are tightly wound around bobbins or tubes and are ready for fabric
forming. Ply yarns are two or more single yarns twisted together
.
Year Area in lakh hectares Production in lakh bales of 170 kgs Yield kgs per hectare
1950-51 56.48 30.62 92
1960-61 76.78 56.41 124
1970-71 76.05 47.63 106
1980-81 78.24 78.60 170
1990-91 74.39 117.00 267
2000-01 85.76 140.00 278
2001-02 87.30 158.00 308
2002-03 76.67 136.00 302
2003-04 76.30 179.00 399
2004-05 87.86 243.00 470
2005-06 86.77 244.00 478
2006-07 91.44 280.00 521
2007-08 94.39 315.00 567
2008-09 93.73 290.00 526
2009-10
2010-11
Though during the year 2008-09, the industry had to face adverse agro-climatic conditions, it
succeeded in producing 290 lakh bales of cotton comparing to 315 lakh bales last year, yet
managed to retain its position as world's second highest cotton producer.
Products
Our vast range of blended fabrics include: blended fabrics, satin fabrics, polyester viscose, 100%
polyester, 100% micro, 100% cotton, polycotton and polonosic.
Quality, being the foremost consideration, ensures that we use the finest yarn. Both, gray yarn and
dyed yarn are used to create stripes and checks. Our variety of fabrics includes:
Blended Fabrics
Cotton Fabrics
Cotton Blended Fabrics
Polyester Viscose Fabrics
Poly Cotton Fabrics
Twill Fabrics
Plain Fabrics
Satin Fabrics
Metti Fabrics
Suitings Fabrics
Shirtings Fabrics
Cross Cord Fabrics
Gabardine Fabrics
» Moreover, we manufacture an extensive range
of suiting’s and shirtings available in different
patterns.
We also produce Worsted Suiting’s for the extraordinary woolen effect. We have also
recently launched very fine count premium suiting’s which provide glorious smoothness and
softness. It is a reversible fabric which can be used both ways.
Production
We employ the latest and the most innovative technologies in production. Our fabrics are
woven on Sulzer, Somet, water jet machines. The unit has a monthly capacity of 0.5 million
meters.
The versatile machines at the plant include doublewidth Sommet Rapier Machines with
Staulby Dobby attachment to create various designs and weaves and Projectile PU Sulzer
Machines .
To stay abreast with technology, we have imported water-jet looms from Japan (Tsudukoma).
These machines ensure perfection in designing and guarantee the best quality.
Training is an integral part of our human resources management. The Quality Control and
Research & Development Department play a very important role in this.
Infrastructure
Our sound infrastructure facilities and experienced workforce from the industry, enable us in
our endeavor to produce quality products.
The technical know-how coupled with the vast experience of our engineers helps in
culminating unrivaled products.
Our team of Research and Development is striving to meet the expectations of our clients by
engineering innovative product
COMPANY PROFILE
INTRODUCTION
S.M.T.L:- The S.M.T.L cotton spinning mill post liberalization environment give rice to
members of industries which brings competitive business war in India.
Industries in India have to think how to think how to face them and survive every
organization is facing unique problem.
Some organization many have old technology some may lay in financial strength and some
may pause be having obsolete products. Some may not have providing good working
environment.
S.M.T.L mainly help the total job environment for the rural people because this area rural
place. The S.M.T.L mainly helps the village people (rural people) quality work life refers to
the favorableness or unfavorableness of a total job environment for people.
The basic purpose is to develop jobs and develop the village people.
The employees working conditions that are excellent for people as well as for the economic
wealth of the organization. The elements in S.M.T.L program include open communication
equitable reward Systems a concern for employee job security and satisfying careers and
group decision making.
Objectives of the company:-
To achieve a turnover of RS /- per annum
1. Maintain cordial relationship between management and the workers.
2. To study the employees work satisfaction level.
3. To upgrade latest technologies training programmers are conducted.
4. To study employee morale.
5. To increase productivity, suggestion, scheme and management rewards have been
introduced.
6. To study working condition and safety measures provided to them.
Vision mission
Vision
Achieving the twin visions of
(a) rendering help to the cotton farmers by way of social services and
(b) endeavoring to attain commercial gain by sustained growth of the Corporation.
Mission
Helping cotton farmers by ensuring them remunerative price for their produce and thereby protect
their interest.
In the case of support price operations, procuring the entire quantity of kapas offered to prevent
distress sale by the farmers
Facilitating the Indian Textile Industry in sourcing their raw material requirement i.e. good
quality, contamination free cotton for production of quality yarn to meet international
competition.
Our mission is to give our customers a competitive advantage through superior
products and services at best prices.
We will meet and exceed our customers' expectations of service through timely
communications and quality information.
To achieve tangible benefits by promoting efficiencies, productivity and
professionalism.
Provide competitive prices and genuine products to our clients.
Creating a climate for voluntary compliance by providing guidance and building
mutual trust.
To promote international textile trade.
FINANCE DEPARTMENT
FUNCTION OF FINANCE DEPARTMENT
RAISING OF FUNDS
Raising of funds generally means collecting financial resources
through various sources such as shares, debentures, short and long terms loans, etc.
ALLOCATION OF FUNDS
Allocation necessary funds for maintaining the activites of a particular process of
the company
PROPER FINANCIAL PLANNING
Financial planning is done to maintain a smooth inflow and outflow of all the
activites which are concerned with financial aspects of the firm. A proper financial plan is
necessary to accomplish the objectivs of the company.
STUDYING THE CAPITAL MARKET
The financial department has to have a clear picture of the capital market in order
to meet their financial aspects
Stores Department: -
It is a service department under the manufacturing division of an organization. An
efficient store keeping system as assistant for smooth flow of materials for production at
economic cost.
By storage is meant holdings in unsteady of all kinds of stores and material including
components spare parts accessions stores holds unproduced ware house of finished stores god
own for finished products.
Function of the stores
Issue requisition on purchasing department for the most economical
quantity of the right kind of material for delivery at the most convenient
place and time consider saving expected from manufacture in quantity as
well as tie up of capital in materials and facilities and other expenses for
maintains the stores.
Check in all materials as the quality and quantity.
Stores all materials in safe and convenient manner for quickly delivery. A
system of code number both to identify and locate the materials should be
issued.
Issue materials agent proper authorization in right quality and quantity and
at right time.
Maintain proper record of receipt, issue, adjustments, and balance.
Keeping store room orderly and having a place for everything and keeping
everything in its place.
Procedure of receipts and issue of materials.
Receipts of materials
1. Suppliers were asked for quotation for materials wanted.
2. Can receipt of the quotation for materials examine the lowest cost and quality
materials will select supplies and place order with those supplies.
3. Supplier will send document through bank or post or directly as required by the
company it the value is more normally the supplier will send documents through on
receipt intonation from bank cashier will release the document by paying the value of
goods sent and the cashier will sent the documents to stores departments.
4. Stores department will get materials form Transports Company by producing RR (or)
LR to them.
5. After receiving materials quality of materials will be cheeked by concerned are
thirties and quantity by the stores department and if any variance either in quality or
quantity follow up action will be initiated for then materials will be by the stores.
6. After receiving materials receipt of materials will be sent to head office Bangalore. In
some occasions payments for materials cost will be paid by head office also according
to terms and conditions agreed with the supplies.
7. Then materials will be entered bin cards.
Issue of materials
1. Normally without indent from concerned departments will not be issued. In S.M.S.T
maintains supervises will write indent to stores through fitters to get materials
required from of indent will be passed by factory manager.
2. Then store will be material entry to bin card and issued the materials to the indent.
3. At the end of month after valuing the materials issued to department during the
month an a make a statement called ‘’stores consumption for the month of 2010-
2011 to head office.
4. At the end of year recenliation will be made between the stores and head office for
correctness of values.
5. Quantity of materials in balance will be cheeked by the stores.
Store location of material store S.M.S.T
Godden
Raw material
Carding
Blow room
combers
Drawing
Simpler
Spinning
Winding
Packing
In S.M.S.T MATERIALS ARE CLASSIFIED AS FAL
1. Gears :- in all gear wheels are again subdivided according to department.
2. Liquids – sub –divided
Oil Diesels Petrol
3. Tools – sub – groups Spanners (double end) -do- (ring type) Dril bits Screw drivers Taps etc
4. Belts -subdivided according to sizes
v.belts plat belts enders belts again v-belts – A-27 to 70 according to sizes B -27 to 74
5. Bolts and nuts
STORES
6. Electrical items
HUMAN RESOURSE DEPARTMENT
Functions of H.R.D:-
1. Performance appraisal
2. Employees training
3. Carrere p
4. lanning and development
5. Involvement in quality circles
6. Involvement in worker participation in management
Working Hours:-
SHIFT FROM TO
Shift – 1 7.AM 3.PM
Shift – 2 3.PM 11.PM
Shift -3 11.PM 7.AM
Welfare facilitieslities:-
1. Housing Facilities
2. Loan
3. Provident Fund
4. Uniform/Cycle facilities
5. Performance appraisal
6. Infrastrue Facilities
Housing facilities:- Housing facilities that is quarters is provided all the
employees. The rent for this deducted from the salaries.
Loan:- The company also provide loans facilities for their employees. For the
purpose of vehicles oat.
Provident fund: - All the employees and executives are covered under provident
fund act (12% of wages or salary is contributed by the management.
Bonus: - bonus are paid in the following base
D.A. 12%, P.F
Health facilities: - the company has provided health facilities for employees.
Performance appraisal:- performance appraisal at S.M.T.L is carried on the basis of quality
and quantity given by each employees it is done over 5years but only for the purpose of
salary incentives and promotion for the employees.
Infrastructure facilities:-
Buildings
Computer
Material holding or safety equipment 0
Quality control laboratory and testing equipment
Medical facilities
Other supporting activities
PRODUCT PROFIL
Processing: - cotton bales are purchased in the form of 170 kgs. Each from various places like
Gujarat, Maharashtra, madhyapradesh and some parts of Karnataka and stored in cotton
godown. Depending upon the daily requirement, bales are issued to department and mixing is
prepared putting different lots. This opened cotton will be processed trough blow room,
carding, comber where thorough opening and cleaning is taken place. Besides short fiber
content in the cotton will also be separated by the combing where fibers are doubled and
paralleled and then it goes to simplex machines where sliver will be converted to roving
which will be fed directly to spinning frame to spin required count of yarn. Since of get yarn
in smaller package this will be fed to winding where package will be made to 1 kg. to 2 kg.,
depending upon the requirement of the market. Then these cones are packed either in HDPE
bags of 50/51/52kg. OR in cartons.
Outlook for industry
The outlook for textile industry in India is very optimistic. It is expected that Indian textile
industry would continue to grow at an impressive rate. Textile industry is being modernized
by an exclusive scheme, which has set aside $5bn for investment in improvisation of
machinery. India can also grab opportunities in the export market. The textile industry is
anticipated to generate 12mn new jobs in various sectores.
NATURE OF THE BUSINESS CARRIAR:-
1. Attitude
2. Environment
3. Nature of job
4. People
5. Stress level
6. Challenges
7. Risk involved and reward
ATTITUDE:
At the person who is entrusted with a particular job needs to have sufficient
knowledge, required skill and expertise, enough experience, enthusiasm, energy level,
willingness to learn new things, dynamism, sense of belongingness in the organization,
involvement in the job, inter personnel relations, adaptability changes in the situation,
openness for innovative ideas, competitiveness, zeal, ability to work under pressure,
leadership qualities and team spirit.
ENVIRONMENT:
The job may involve dealing with customers who have varied tolerance level
preference, behavioral pattern, level of understanding; or it may involve working with
dangerous machines like drilling pipes, cranes, lathe machines, or even with animals where
maximum safety precautions have to be observed which needs lot of concentration, alertness,
presence of mind, quick with involuntary actions, synchronization of eyes, hands and body,
sometimes high level of patience, tactfulness, empathy and compassion and control over
emotions.
NATURE OF JOB:
For example, a driller in the oil drilling unit, a driver unit, a diver, a fire – fighter,
traffic policeman, train engine driver, construction laborers, welder miner lathe mechanic
have to do dangerous jobs and have to be more alert in order to avoid any loss of limb, or loss
of life which is irreparable; whereas a pilot doctor, judge, journalist have to be more prudent
and tactful in handling the situation; a CEO, a professor, a teacher have more responsibility
and accountability but safe working environment; a cashier or as security guard cannot
afford to be careless in his job as it involves loss of money, property and wealth; a politician
or a public figure cannot afford to be careless, for his reputation and goodwill is at stake.
Some jobs need soft skills, leadership qualities, intelligence, decision making abilities,
abilities to train and extract work from others; other jobs need motor skills, perfection and
extreme carefulness.
PEOPLE:
Almost everyone has to deal with three set of people in the work place those are
namely boss, co-workers in the same, level and subordinates. Apart from this, some
professions need interaction with people like patients, media persons, public, customers,
thieves, robbers, physically disabled people, mentally challenged, children, foreign
delegates, gangsters, politicians, public figures and celebrities. These situations demand high
level of prudence, cool temper, tactful ness, humor, kindness, diplomacy and sensitiveness.
STRESS LEVEL:
All these above mentioned factors are inter- related and interdependent. Stress level
need not be directly proportional to the compensation. Stress is of different types mental
stress /physical stress and psychological or emotional stress. A managing director of a
company will have mental stress, a laborer will have physical stress, a psychiatrist will have
emotional stress. Mental stress and Emotional stress cause more damage than physical stress.
CHALLENGES:
The job should offer some challenges at least to make it interesting; that enables an
employee to upgrade his knowledge and skill and capabilities; whereas the monotony of the
job makes a person dull, non-enthusiastic, dissatisfied, frustrating, complacent, initiative-
less and uninteresting. Challenge is the fire that keeps the innovation and thrill alive. A well –
accomplishment challenging job yields greater satisfaction than a monetary perk; it boosts the
self –confidence also.
RISK INVOLVED AND REWARD:
Generally reward on compensation is directly proportional to the quantum of work,
man –hour, nature and extent of responsibility, accountability, delegated powers, authority of
position in the organizational chart, risk involved, level of expected commitment, deadlines
and targets, industry, country, demand and supply of skilled manpower and even political
stability and economic policies of a nation. Although risk involved in every job its nature and
degree varies in them; all said and done is a key criteria to lure a prospective worker to accept
the offer.
Mckensy’s 7S Frame work:
FUNCTIONAL DIRECTORS: (INVOLVING IN DAY-TO-DAY ACTIVITIES)
NATIONAL PRODUCT HEADS: (REGISTRY, DEPOSITORY, EQUITY BROKING,
COMMODITIES BROKING, DISTRIBUTION PRODUCTS, REALTY, INSURANCE,
WEALTH MANAGEMENT, INVESTMENT BANKING, ACCOUNTING & AUDIT)
ZONES: (DIVIDED INTO NORTH ZONE, WEST ZONE, EAST ZONE, SOUTH ZONE,
SOUTH-WEST ZONE)
ZONAL PRODUCT HEADS: (REPORTING TO THE RESPECTIVE NATIONAL
PRODUCT HEADS)
REGIONAL PRODUCT HEADS: (REPORTING TO THE RESPECTIVE ZONAL
PRODUCT HEADS)
CLUSTER HEADS: (REPORTING TO THE RESPECTIVE REGIONAL HEADS)
FUNCTIONAL EMPLOYEES: (BRANCH COORDINATORS, DEALERS, FRONT-
OFFICE EXECUTIVES, CUSTOMER SERVICING EXECUTIVES, SALES /
MARKETING EXECUTIVES, WEALTH ADVISORS)
2. Systems:
The organization follows strict rules and regulations for the employee. It follows
specific entry and exit timing for its employees. Each employee has to follow a specific
dress code depending on his line or work or duty. All junior staff member will have to
report to the designated senior staff member daily attendance register to the human
resource department. This is daily processed at the end of each month.
The company has its regional office in Bangalore, which is headed by a regional
manager. All branch heads and various dept heads will report to him on regular basis.
Finance operations are centralized at the head office level and excess funds are
regularly transferred to the head office account. Periodic fund requirement at the
regional level will be sent as and when required. But the local regional manager would
sign all cheques and such instruments.
Requirement of fresh incumbents are made at local office at the regional level
depending upon the manpower requirement. The respective departmental heads holds
the HR would dispatch interviews and the appointment from the head office.
Usually the employee will be on one-year probation and after successful completion
he will be made permanent employee. Operation of company is monitored by the
chairman of the company and various others senior managers, operations at the junior
level is largely centralized with division heads making key decisions. The company is
follows strict register of quality maintenance with high standards of process and
systems.
3. Style:
The chairman who sits at the head office in Bangalore heads the organization. At
all over the branches across the country Regional manager has been appointed. The
chairman will take decision related to the group as such. All other decisions related to
the relevant to the region and regional heads will take their line of work. Managers are
responsible and accountable for their decisions and subsequent implementations. By
and large decision making are decentralized for day to day affair.
4. Staff:
Each incumbent should have a specific academic qualification to match the
position he is going to hold and also necessary skills to execute the assignment.
Marketing/sales people should posses at least a degree and a management degree is
preferred and should necessary posses good communication skill and fair for sale. He
should have a two wheeler for communicating purpose.
All back end employees should have at less graduation with exposure to necessary
skills. For fresher due training will be given and then will be put on the jobs. Their
potential will be monitored on a regular basis and will be suitable guidance from time to
time. Annual increments are also given on the performance predominant.
5. Skills:
A manager is viewed as a skilled person who has the ability to manage people and
resources and at times finance also. He will be responsible to indentify for the right job
and get the work done efficiently. Min wastages and maximum utilization of available
resources is the key organizational behavior and culture is thought to the fellow
employees and potential employees are suitable nurtured.
6. Strategy:
A company of S.M.S.T’s stature cannot afford to work without objectives. An
overall group objective is already set and all the employees are driven towards
S.M.S.T’s believes that ‘no individual is big as the organizational itself’. Competition is
the key to survival and for giving diversification for the given product as such
competition is always good. S.M.S.T updates itself to the surroundings competition and
bring out changes are services and related products to be in competition. In the
distribution business S.M.S.T enjoys 40% market, which is healthy from the industry
standard. Survival of the company as well as the growth of the company over the past
36 years, has been effectively overcoming competition. As a leading financial services
provider in the country S.M.S.T brand name is well known. After diversifying into
various services providing activities it has become S.M.S.T’s prerogative to be leader in
the business.
SWOT ANALYSIS
Strengths
Vast textile production capacity
Large pool of skilled and cheap work force
Efficient multi-fiber raw material manufacturing capacity
Large domestic market
Enormous export potential
Very low import content
Flexible textile manufacturing systems
Logistics
Brand recognition across
Availability of Low Cost and Skilled Manpower provides competitive advantage to
industry.
Availability of large varieties of cotton fiber and has a fast growing synthetic fiber
industry.
.
Industry has large and diversified segments that provide wide variety of products.
India has rich resources of raw materials of textile industry. It is one of the largest producers
of cotton in the world and is also rich in resources of fibers. India is rich in highly trained
manpower. The country has a huge advantage due to lower wage rates. Because of low labor
rates the manufacturing cost in textile automatically comes down to very reasonable rates.
India is highly competitive in spinning sector and has presence in almost all processes of the
value chain.
Indian garment industry is very diverse in size, manufacturing facility, type of apparel
produced, quantity and quality of output, cost, requirement for fabric etc. It comprises
suppliers of ready-made garments for both, domestic or export markets
Weaknesses
Use of outdated manufacturing technology
unorganized and decentralized sector
High production cost with respect to other Asian completion
Textile Industry is highly Fragmented Industry.
Industry is highly dependent on Cotton.
Lower Productivity in various segments.
There is Declining in Mill Segment.
Lack of Technological Development that affect the productivity.
. Infrastructural Bottlenecks and Efficiency such as, Transaction Time at Ports and
transportation Time.
Unfavorable labor Laws.
Lack of Trade Membership, which restrict to tap other potential market.
Lacking to generate Economies of Scale.
Higher Indirect Taxes, Power and Interest Rates.
Indian Textile Industry is highly Fragmented Industry.
Industry is highly dependent on Cotton.
Lower Productivity in various segments.
There is Declining in Mill Segment.
Lack of Technological Development that affect the productivity .
Infrastructural Bottlenecks and Efficiency such as, Transaction Time at Ports and
transportation Time.
Unfavorable labor Laws.
Lack of Trade Membership, which restrict to tap other potential market.
Lacking to generate Economies of Scale.
Higher Indirect Taxes, Power and Interest Rates.
Indian textile industry is highly fragmented in industry structure, and is led by small scale
companies. The reservation of production for very small companies that was imposed with
the intention to help out small scale companies across the country, led substantial
fragmentation that distorted the competitiveness of industry. Smaller companies do not have
the fiscal resources to enhance technology or invest in the high-end engineering of processes
.
Indian labour laws are relatively unfavorable to the trades and there is an urgent need
for labor reforms in India.
India seriously lacks in trade pact memberships, which leads to restricted access to
the other major markets
OPPERTUNITIES: - .
Making effective use of established brand name
Further penetration in the retail segment
Cross selling of multiple products thru long-term financial solutions thru financial
planning which is a growing segment which should be explored and implemented
Full advisory platform across products with highly skilled labor.
Growth rate of Domestic Textile Industry is 6-8% per annum.
Large, Potential Domestic and International Market.
Product development and Diversification to cater global needs. .
Market Development.
THREATS:
Has to control costs and manage people & resources effectively
Cyclical / volatile / unpredictable nature of markets could hamper business plans
Threat for traditional market for powerloom and handloom products and forcing them for
product diversification.
Competition from other developing industries.
Elimination of quota system will lead to fluctuations in export demand.
Geographical disadvantages.
International labor and environment laws.
To balance the demand and supply.
To make balance between price and qulity.
FINDINGS AND SUGGESTION
FINDINGS
The factory suffruing from lack skilled labour it leads to lower productivity.
Lack of transportation facilites for distribution of finished goods
Use of treditional technology for production facilites and all tranction done through
human beings
All work done through use of human which leads to increase the cost of production
Huge of unorganised and decentralised sector
Infrastrctural bottlenecks and efficiency such as transaction time at ports and
transportation time
Higher indierct tax,power,interst
Increased the global competition in the post 2005 trade regime under WTO
Inadequate financial facilites to purchase of raw materials and payment made to
labours
Unfavourable labour laws which leads to labour makes strikes against management
Improper storage facilites to store the raw materials and finished goods
SUGGESTION
The factory install new and advanced technology and machinery for productions
facilites. which will make factory as more productivity.
The factory adopt new marketing stratgy and install adquate channels of distribution’s
The factory record all the transation’s through computerised system.which helps to
company to save time and reduse paper work and also it helps proper maintnance of
all documents.
Giving proper trainning to all labours atleast tow days at the week ends, and also
factory made selection procedure based on minimum eudcation qualification.
Giving more welfare facilites to labour which helps to motivate labours and also it
helps to increase the productivety.