6 weeks training_at_oswal_woolen_mills_ludhiana (1)

6 weeks training at

oswal woollen mills Ludhiana

PRESENTED BY:-

MUNISH KAUL

Indian textile industry

Textile industry contributes to country’s exportMid of 2009 textile exports stood 16.3 billion $Indian rupee appreciated against Dollar growth of 0.12% was registered

contdd

Textile industry was witnessing growth of 3-4 % for 6 decades now its witnessing growth of

9-10% which has proved to be boon for textile industry

Defination of yarn

Yarn is continuous length of interlockedfibres suitable for use in production of textile, sewing and weaving

eg- thread is a type of yarn in which sewing can be done with hand or machine

Types of yarns

Major export destinations

Canada U.A.EJapan Saudi Arabia

Republic of Korea Bangladesh Turkey

Major steps taken by government

to increase competitiveness of textile industry :-

Fiscal reforms

Technology mission on cotton

Technology upgraded fund scheme

Scheme for integrated textile park

excellence is on going journey not destination

Jawahar Lal Oswal Chairman

Vision :-

Stepping ahead into realm of new changes Mission :-

Came into existance in 1949

Vidhya Sagar oswal was the founder

The company started up with making of socks

Was divided into 2 more companies in 1949 # Oswal woolen mills # Oswal spinning and weaving mills

1960 hosiery branch was attached to owm

1972 woolen combing unit was set up

4 solvent extraction plants were set up 2 in Ludhiana 2 in madras in 1974

Monte Carlo brand gave the company international recognition

Nahar industrial

enterprises

Nahar sugar

Nahar spinning mills ltd

Oswal woolen mills ltd

Nahar fibres

Nahar export

Nahar group of companies

Manufacturing Unit Current Spindlage Location  

Nahar Exports Limited

Rishab Spinning Mills 65000 Ludhiana

Nahar Exports Ltd., (100% EOU)

25000 Lalru, Near Chandigarh

Nahar Fibers (100% EOU) 25000 Near Ludhiana

Nahar Fibers (Non-EOU) 30000 Near Ludhiana

Nahar Spinning Mills Limited

Nahar Spinning Mills Ltd., (100% EOU)

25000 Bhopal, M.P.

Nahar Spinning Mills Ltd., (Non EOU)

42000 Bhopal, M.P.

Nahar Spinning Mills Ltd., (100% EOU) 

22000 Lalru, Near Chandigarh 

Present turnover of the group- 2500 cr

Annual turnover of the group 680 cr

Financial Turnover

Product PortfolioWoolen

Acrylic Synthetic Blended Yarns

Lambs Wool Yarn

Woolen Viscose

Acrylic Tops

Textile Fabric, Woollen Knitwear

Hosiery

Cotton Garments

Organizational structure

VARIOUS DEPARTMENTSIN

MAJOR BRANDS OF THE COMPANY

Extensive Experience of our Promoters Good brand equity commitment of employees towards their

organization. Strong dealer network, mutual relations with them. Good training programs by OWM for their

employees. Member of wool mark and ISO 9002 Automated machines of latest technology

Research and Development department Imported yarn from ITALY for premium range The Landed Properties in Gurgaon and Chennai

Lack of professionalism

Long hierarchy

OWM is dependent upon foreign producers for greasy wool.

Depend on the third party for sale and the distribution of the product.

Weakneses

Expanding the ‘Monte Carlo’ product range to make it an ‘All Season Brand’.

Operating in a highly competitive and fragmented industry.

Risks relating to the price volatility in the import of wool.

With booming retail sector and big players like WALMART, BHARTI entering into that field, OWM is also stepping ahead with a mission of opening up of 150 retail outlets all over India under a brand name MONTE CARLO

Fabrication for various companies likes NIKE, MARKS AND SPENCER, GAP, WILLS, etc.

  Manufacturing of kids garments

Expanding the business in Finance sector

Oswal can always liquidate stock pressure by slight reduction in prices

  Mushrooming and upcoming of small hosieries in

Ludhiana

  Seasonal demand for their major product i.e.

pullovers.

Financial Analysis

CURRENT RATIO=CURRENT ASSESTS/CURRENT LIABILITIES

PARTICULARS 2005-06

(In lacs)

2006-07

(In lacs)

2007-08

(In lacs)

CURRENT ASSETS 20543.67 30129.28 301.29

CURRENT LIABILITIES 11185.67 9044.30 9897.32

CURRENT RATIO 1.84 3.33 3.07

QUICK RATIO= QUICK ASSESTS/CURRENT LIABILITIESQUICK ASSESTS= CURRENT ASSETS-INVENTORIES

PARTICULSR 2006-07 (In Lacs)

2007-08 (In Lacs)

2008-09 (In Lacs)

Quick Assets 9060 17328 17506

Current liabilities

11185 9044 9897

Quick ratio 0.81 1.915 1.7688

Absolute liquid assets=absolute liquid assets/current liabilities

Particulars 2006-07In lacs

2007-08In lacs

2008-09In lacs

Absolute liquid assets

556 2930 3277

Current liabilities

11185 9044 9897

Cash ratio 0.049 0.324 0.33

Debt equity ratio= total debt/shareholder equity

Particulars 2006-07In lacs

2007-08In lacs

2008-09In lacs

Total debt 18220 29466 27416

Shareholder’s fund

9497 11625 13994

Debt equity ratio

1.918 2.534 1.959

EFFECTIVENESS OF EXPORT PROMOTION COUNCIL IN PROMOTION OF EXPORTS

TITLE

Objectives for study

To know the various export promotion techniques provided by the export promotion council

To know what kind of assistance is being provided by export promotion council

To know the level of satisfaction among the exporters regarding increase in export

To know whether export promotion council is helpful in making deal more successful

RESEARCH METHODOLOGY

Research Design

A research design is the detailed blueprint used to guide a research study toward its objectives.

Research instrument- Questionnaire Type of Research- Descriptive Universe

Exporters all over the world who are aware of export promotion council

Population

People who are promoting their product through export promotion council

Sample unit:

Any single exporter who is promoting his products through export promotion council in Ludhiana

Sample size – 20 respondents Sampling technique- Convenience sampling &

snowball sampling = Multistage sampling

Chart 4.1 No. of countries product is being promoted

(N=18)

44%

17%

17%

22%

0 - 5

5 - 10

10 - 15

>15

DATA ANALYIS AND INTERPRETATION

50%

10%

5%

35%

Chart 4.2 Media of promoting trade in different countries(N=20)

trade fair seminar mega shows all above

100%

Chart 4.3 Awareness about export promotion council and its role

(N=20)

yes no

satisfied40%

dissatisfied20%

neutral15%

highly satisfied15% highly dissatisfied

10%

Chart 4.4 Satisfaction Level of role of promotion in increasing the export

(N=20)

Chart 4.5 Type of assistance availed from EPC

(N=20)market access

initiative scheme25%

Issuance of certificate of

company25%

Training facil ities30%

all above20%

Chart 4.6 Role of seminars & other EPC schemes in saving company's research cost

(N=20)Always

20%

Sometimes55%

Rarely10%

Never15%

Yes30%

No70%

Chart 4.7 Appointment of special officers for EPC dealings

(N=20)

1 month25%

3 month25%

6 month25%

more than 1 year25%

Chart 4.8 Time taken by EPC to solve the problems(N=20)

Yes40%

No60%

Chart 4.9 E.P.C help to provide data on exports and imports of country to make dealing more successful

(N=20)

Yes45%

No25%

Cant say30%

Chart 4.10 EPC is able to resolve issues between industry & Govt.

(N=20)

•Many small scale industries were not that much aware of the role of export promotion council so the sample size was less.

•Some of the companies were not at all helpful as they did not have any time to entertain anyone without any reference.

•Due to money and time constraints, it was not possible to visit different EPC’s and get the practical exposure of their working.

•The time period allotted for the project was less.

Results and

findings•Most of the small scale companies are promoting their products through brokers in different countries and large scale companies are availing services provided bt epc to promote their product in different countries.

•Trade fair is the most popular way to promote products through epc in different countries.•Most of the are aware about the role of epc

•Big export houses are satisfied with the role of epc but small companies less satisfied with services of epc as they get less preference than big companies

•Large scale companies need to appoint special officers for epc dealings as they have to promote large no of products in different countries.

•Government is not providing much data for exports and imports of countries to help the exporters in making deals more successful

•Members of epc are provided special preferences by epc

After getting to know enough about different export promotion councils for textile industry and how they help the Indian Textile for exports, we can say that the main role of the EPCs is to project India's image abroad as a reliable supplier of high quality goods and services. In particular, the EPCs encourage and monitor the observance of international standards and specifications by exporters. The EPCs keep abreast of the trends and opportunities in international markets for goods and services and assist their members in taking advantage of such opportunities in order to expand and diversify exports.

And every unit whether small or big industrial unit, each unit should be the member of one or the other EPC’s. This will not only help them in exporting their products but also help get recognition in domestic as well as international market and even diversify their products