introduction pages
TRANSCRIPT
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INTRODUCTION
1.1 Introduction of Sri Bhavani Textiles Processor (P) limited
Sri Bhavani Textiles Processors (p) limited was started in 1983.This
factory is located in a suitable climate condition on the banks of the Bhavani
and Cauvery rivers in GobiTaluk, Erode District.
The company doing manufacturing and job order processing. The
company is equipped with the latest machinery for processing of cotton,
rayon, polyester and its blends, both yarn and woven fabrics. The company
is using eco-friendly dyes and chemicals.
The company is equipped with modern effluent treatment plant. The
generator effluent from all processes, if fully treated and used as per the
norms of “Tamilnadu Pollution Control Board”. The company has
implemented new methods for complete treatment of the effluent and reuses
it to the process and also to provide bio-fertilizer.
1.2 Period of training
The summer institution training was undergone for a period of
one month from 20-06-2011 to 25-07-2011.
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1.3 Area of Training
During the training period the trainee has visited various
departments of the company. The trainee mainly focused on production
department.
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CHAPTER II
COMPANY PROFILE
2.1 HISTORY OF THE COMPANY:
Sri Bhavani Textiles Processors (P) Ltd., Akkarai Kodivery, Gobi
Taluk is situated on Gobi-Sathy Main Road. The company was incorporated
in the year 1983, with a capital of Rs.12.50 lakhs and went into production
in the year 1985 with a capacity to process 30,000 meters 1 day.
The company is managed by the board of directors.
The company is equipped with the latest machinery for processing of
cotton, rayon, and blends and polyester fabrics and also to dye cotton and
blended yarn. Also we have an automatic printing machine to print up to 8
colors.
Fabric processing machine includes a singeing machine, kiers,
continuous mercerizing machine, automatic and semi automatic jiggers,
jumbo jigger’s jet and beam dyeing machine.
Dye padding machine, high performance stenters, curing machine and
zero zero machine.
Dyeing of yarn is done by high-pressure package dyeing machines. The
company initially went into production with a capacity to process 30,000
meters of fabric per day.
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With the help of dedicated work force, the company was able to grow
and at present the capital is 61.00 lakhs and has double its capacity to
process fabrics.
Also during the course the company was able to install a printing
machine to print approximately 10,000 meters per day. And yarn dying
machine to dye about 2,000 kg of yarn per day. We do the post mercerizing
grade dyeing.
The process is looked after by processing manager who is assisted by as
processing manager, printing master, yarn dyeing master and supervisors.
The administration is looked after by the office manager. The company
has strength of 60 staff and supervisors and 250 workers.
The company is equipped with modern effluent treatment plant. All
dyes and chemicals used are eco-friendly.
The generated effluent from process is fully treated and discharged as
per the norms of Tamilnadu pollution control
board.
The treated effluent is utilized for agricultural purpose. Apart from this
certain quantity of treated effluent is recycled so as to minimize wastage of
water. The company is an ISO 14001-1996 EMS certified and they plan to
obtain ISO9001 in the near future.
NAME OF THE COMPANY:
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SRI BHAVANI TEXTILES PROCESSORS (P) LIMITED
BOARD OF DIRECTORS:
Mr.P.Senniappan
Mr.A.Pattayangounder
Mr.S.Sublakshmi
Mr.S.Gunasekaran
Mrs.Sreevidhya
BANKERS:
Indian Overseas bank
Kottaibranch, Erode.
AUDITORS:
R.Krishnamurthi& co,
Charted Accountant,
I floor, Sundaram apartments,
5
77, race course road,
Coimbatore - 641018.
INTERNAL AUDITORS:
VEKAM AND ASSOCIATES,
29, Thillainagar,
Erode - 638001.
REGISTERED OFFICE & FACTORY:
Akkarai Kodivery (post),
Gobi (Tk),
Erode district-638454.
Email: [email protected]
ADMINISTRATIVE OFFICE:
58, Thillainagar,
Erode - 638001.
Email: [email protected]
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CONTACT NO: 91-4285-264134
2641374
FAX NO: +914285264294
MARKETS: Newdelhi, Kerala, Bangalore, Coimbatore.
PRODUCTS: Blouse materials, Checked Shirts
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2.2 ORGANISATION CHART:
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Board of Directors
Office Manager
Personnel Manager
Engineer Processing Manager
Accountant Assistants Supervisors Stores Incharge Dyeing Master
Assistants Typist Workers SupervisorsAssistantDyeing Master
CashierWorkers
Stores incharge
Workers
Supervisors
Workers
Managing Director
General Manager
2.3 FUNCTIONAL DEPARTMENTS:
The company has various departments functioning in relations with
each other various departments of the company as follows:
Production Department
Personnel Department
Account Department
Warehouse and Store Department
Welfare Facilities
2.3.1 PRODUCTION DEPARTMENT:
Sri Bhavani Textile Processors (P) Ltd. is doing the following job are
bleaching dyeing and printing.
Section of Production Departments:
The sections in production departments are
i. Grey section
ii. Electronic data processing (EDP) section
iii. Boiler section
iv. Printing section
v. Yarn dyeing section
2.3.1.(i) GREY SECTION:
They maintain the accounts for receipt and issue of raw materials and
the records for the materials sent for processing and the goods ready for
delivery. The grey received and issued in linear matter is also accounted.
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Job Card
Job card is made on lot basis with the following instructions
Shade Colors
Silicate
Caustic Soda
Peroxide
The hydrogen and sodium silicate are filled in the boiler and the cloth
is boiled in the mixed and its boiling print.
Mercerizing
The cloth is passed through a solution of caustic soda and wetting
agent of a particulars concentration is their mercerizing and the cloth washed
with sulphuric or hydrochloric acid with soda-ash. It is a best colorization
machine. Normally the mercerizing has 4 compartments.
1. Caustic compartments
2. Stabiliser compartments
3. Hot wash compartments
4. Acetic and neutracial num 200.
MACHINES HANDLED IN GREY SECTION:
1. Beam batching machine
After mercerizing the polyester lots comes to the beam batching
machine. It how many maters lots we want take in this machine to rolling
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2. Beam dyeing machine
It is a high temperature and high pressure (HRHP) machine. It’s only
used polyester lots colorization.
3. Stenter machine
Before finishing the lots comes to the stenter machine. It is used to
give stiffness to the lots. The cloth is passed through the chemicals the
stenter machine is increased the lot’s width and suitable finishing.
4. Curing Machine
After stiff finishing the lots comes to the curing machine its
temperature is 140’c to 160’c if is used to give shine to the lots. After curing
machine the lots goes to the coating machine.
5. Opening machine
The lot is rolling in the washing section, the opening machine is
straight the lots open with the all types of lots come to the opening machine.
6. Drying Machine
It is the next process of opening machine. The drying machine omits
to the water dries the lot, ironing the lots lastly comes to the next process.
7. Zero-Zero Machine
It is a minor stage. In this stage the cloth and increased the weight of
the cloth the machine normally processed 3 ways.
1. Chemicals added the cloth in both sides
2. Drying the cloth maintain the equal width
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3. Cloth comes outsides
2.3.1.(ii) EDP SECTION:
Electronic data processing involves the use of computers. This EDP
plays a vital role in the processing the data preparing and maintains the
various accounts. Each and every shift in account section is provided with a
computer. In order to reduce their work and save their precious time.
Main functions of EDP
Preparation of accounts department ledger
Preparation of daily production dispatching and stock reports
Preparation of pay slip
2.3.1.(iii) BOILER SECTION:
The main aim of the machine is to produce the heated thermic fluid oil
and this heat is used in drying the fabric incurring machine and printing drier
and stander machine.
Mechanical equipments & working procedures
Thermic fluid storage tank
Heater
Firing
Capacity to boiler
Steam Generation - 6 tons 1 hrs
Thermic fluid oil heating - 3 tons 1 hrs
Thermic or 55 (unsteal of water) - 15 lakhs kg
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2.3.1.(iv) PRINTING SECTION
Printing section handled the flat bed printing machine. The cloth rolls
on the machine and rolls over to the printing. In the flatbed printing machine
temperature is 100oC to 150oC.
Printing Parts
PVR Gum
Brush
Blanket
Rubber blade
Printing Types
Pigment
Relation
Printing machine used 8 colors after that the cloth is dried and
washed.
PRINTING PROCESS
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YARN DYEING PROCESS
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Desizing
Scouring
Bleaching
Flatbed Printing
Dyeing
Washing
Calendaring
Checking and Inspection
Packing
2.3.2 PERSONNEL DEPARTMENT:
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Grey yarn receipt
Grey yarn inspection
Grey godown
Cheese winding
Dyeing
Hydro extractor
Drier
Cone winding
Dyed yarn checking & packing
Dyed yarn storage bin
The main function of the personnel department is as follows:
1. Recruitment
2. Training
3. Time office
4. Attendance
5. Leave facility
6. Maintenance
7. Planning and required man power
8. Records
9. Internal enquiries
- Disciplinary actions
- Low production
10.Finalization always and work load
11.Grievances of employees
12.Welfare activities
RECRUITMENTS:
The recruitment section employs new persons with required qualification
after conducting interviews and decides their salary according to
qualification and experience.
TRAINING:
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The employees are given training in order to set proficiency in their
work of given proper training. The employees are mostly trained in an
effective way.
TIME OFFICE:
The time office follows the 3 shifts. The shift times are as follows
o First shift - 12 am to 8 am
o Second shift - 8 am to 4 pm
o Third shift - 4 pm to 12 pm
o Women workers have only general shift (9am to 5pm).
The employees are given two types of cards in the company. They
are,
o White card - Permanent employee
o Pink card – apprenticeship
It is provided to both permanent workers and office staffs.
OFFICE (RECORD ROOM AND SERVER ROOM):
The office maintains the records in a separate room. The day to day
activities are recorded in a perfect way.
All email processes are recorded in the server room.
MAINTENANCE
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The building has to cleaned, painted, white washed at least once in a year.
PLANNING FOR REQUIRED MANPOWER
The production department has to plan the man power required for each
department functioning in the company.
SECURITY MAINTANANCE
Security maintenance office is under the control of personnel
department. No one can enter the company without the permission. Every
new comer should give the details. The company profile provided for
parking is available near by the gate. Proper ventilation and lighting is
provided for every department. The company provides ID card for all
workers. Each worker and staff must carry ID card compulsory.
LIC AND BONUS
Salary saving scheme is provided to the employees and the premium for
LIC is deducted from the savings.
Yearly bonus is paid to the employees based on the yearly gross earnings
deducted and the percentage is calculated as per settlement.
LEAVE FACILITY:
Every Sunday is weekly holiday for the production department and
office staff. Other facilities in the company includes,
1. Earned leave
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2. National and festival holidays
BENEFITS
STATUTORY BENEFITS
It is provided to both permanent workers and office staffs.
PROVIDENT FUND
Both employee and employer contribution is 12% but employer
contribution is deducted from the salary.
PLANNING FOR REQUIRED MANPOWER:-
The production department has to plan the man power required for
each department functioning in the company.
GRIEVANCE OF EMPLOYEES
Grievance of employees is to be learned and remedies are provided
immediately to get the work done perfectly.
WELFARE FACILITIES
One of the important facilities at personnel department is to look after
the welfare of the employees.
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Employees are provided working dresses for safety with rest room
medical facilities etc.
Certain employees are trained in first aid for which they are given
certificate.
2.3.3 ACCOUNTS DEPARTMENT:
Finance is the life blood of every business organizations. A well managed
finance department is the strength of a good business enterprise. The finance
department of Sri Bhavani textile processors (p) ltd headed by a finance
manager is responsible for all financial transactions. Procurement and
allocation of funds are the major functions of the finance department.
The functions of finance department are;
Preparation of annual financial statements and reporting to the
management.
Account management-profit and loss account, balance sheet, cash
book, Ledger, etc...
Custody of safeguarding of assets, securities and valuables.
Maintaining salary records, wages and advertisements.
Accounting of receipts and payments and safeguarding of cash
balance payments
The finance department also serves some other functions also.
Among them reporting to the top management regarding the fund
position, financial highlights and financial positions.
Getting the accounts audited
Maintenance of inflow and outflow of cash.
Maintenance of accounts
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Recording of transactions
Closing the accounts periodically.
Management of funds
Supervision of complete accounting
STRUCTURE OF FINANCE DEPARTMENT
ACCOUNTING STANDARDS:
SIGNIFICANT ACCOUNTING POLICIES:
The company follows the mercantile system of accounting. The accounts
are prepared on historical cost basis and as a going concern to comply in all
material aspects with the mandatory accounting standards issued by the
institute of charted accounts of India and the relevant provisions of the
company’s act 1956.
VALUATION OF INVENTORIES:
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Stores and spare parts are valued at cost. Work in progress is valued at
average cost.
CASH FLOW STATEMENT:
Cash flow statement has been prepared under indirect method and
attached herewith.
CONTINGENCIES AND EVENTS OCCURING AFTER THE
BALANCESHEET DATE:
There are no contingencies and events after the balance sheet date that
affects the financial position of the company.
The various accounts polices are followed:
o Basic of accounting
o Fixed assets
o Depreciation
o Inventories
o Gratuity
o Deferred tax
FINANCIAL RESULT
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(Rupees in Lakhs)
PARTICULARS 31.03.2010 31.03.2009
Sales and other income 1425.68 1454.95
Profit before depreciation 196.20 196.39
Depreciation 165.47 154.72
Profit before tax 30.72 41.67
Profit after tax 30.32 21.52
PERFORMANCE
During the year of review the company has process 67.03lakhs meters of
fabric and 587.238 tons of yarn and earned profit before tax of Rs.34.06
lakhs.
BALANCE SHEET:
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BALANCE SHEET AS ON 31.03.2010
24
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PARTICULARS SCHEDULE 31.03.2010 31.03.20091.share holders fund
(a)equity share capital
(b)reserves & surplus
(i)capital reserve
(ii)general reserve
(iii)profit and loss account
(iv)deferred tax liability
TOTAL
A7500000
121020
2473992
36587447
39182459
7500000
121020
2473992
36587447
1797225
39182459
2.secured loansTOTAL
B 1864205165324510
2815131974168657
Application funds
Fixed assets:
(1)net block
(cost less depreciation)
(2)investments
(3)(i)current assets, loans and advances
Less:
(ii)current liabilities and provisions
Net current assets
(4)miscellaneous expenditure
TOTAL
C
D
E
F
48076396
0
31444359
14196245
1724814
0
65324510
60040270
0
28950710
14822323
14128387
0
74168657
PROFIT AND LOSS ACCOUNT AS ON 31.03.2010
PARTICULARS SCHEDULE 31.03.2010 31.03.2009(RS) (RS)
INCOME
Gross sales
Processing charges
Other income
Increase in stocks
G1
G2
H
142444243
123802
505047
141512065
649593
629497
143073092 146124335EXPENDITURE
Cost of goods consumed/sold
Financial charges
Administrative expenses
depreciation
I
J
K
91148407
1872629
304331897
16547272
97731380
1823329
26930601
15471767140000205 141957077
Profit before tax
Less: income tax & FBT provisions
Profit after tax
Add: earlier year excess provision
Add: deferred tax liability transferred
Balance brought forward
3072887
2741192
331695
333426
1797225
34125101
4167278
2014988
2152290
551825
790982
30630004
Balance carried to balance 36587447 34125101
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sheetEarnings per share(annualized)
-basic
-face value4042
Rs.100
28.70
Rs.100
DIVIDEND
The directors do not recommend any dividend for the current year in view of
the period and to build up reserves for better future.
DEPOSITS
The director has not accepted any deposits from public requiring the
compliance of section 58A&58A companies act 1956.
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2.3.4 WAREHOUSE AND STORES DEPARTMENT:
The warehouse where the final product is stored and the raw material
are kept for issuing to production and other departments. The final products
are fully checked are kept ready for the disposes in the warehouse.
The packing slip for the cotton and synthetic are following details
Bale No
Sort No
Parties Name
Linear meter
Square meter
Process
Net weight
Gross weight
Width in cm
Designation
STORES DEPARTMENT
Main purpose of stores department to purchase raw materials in
different place and it can stores one place. So, it is stores department.
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Head of the stores department is Mr.Marisamy. stores is maintained
following records as follows
MAINTENANCE OF STORES
Purchase order
Stock ledger
Requisition slip
Bin card
Inward & outward
The company maintained 2 types of stores as like
1. Main store
2. Sub store
Main Store
There are large numbers of spare parts, chemicals, electrical,
mechanical items are stored in this main store.
Sub store
Small level of dyes and chemicals stored in this sub store. The
companies need for dyes and chemicals at that time to receive the good to
sub store.
WELFARE FACILITIES
Washing facility
Storing facility
Lunch and rest room facility
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Drinking water
Latrine’s and urinals
Canteen
Welfare officers
Safety measures
First aid appliances
2.4 POLICY OF THE COMPANY
2.4.1 ENVIRONTMENTAL POLICIES:
o Strive to use Eco-friendly inputs and processes and ensure the
elimination of agricultural land contamination in surrounding
area.
o Continuously strive to reduce the quantity of effluent in order to
minimize and prevent pollution.
o Continuously follow systems procedures to improve the
environment and to reduce the pollution.
o Continuously strive to comply with the environmental
legislation regulatory requirement and other requirement to
which the company subscribes.
o Review continuously the policies and in objectives in order to
convert them into practice.
o Make ever environmental policies available to public into all
persons. Working for on behalf of the company.
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2.4.2 QUALITY POLICY:
The company end over is to process fabrics that standards, which
would satisfy the customers by maintaining quality reputation.
Company quality objectives:
o To identify improve and follow the process.
o To have a continuous up gradation of the quality of
processing ,dyeing and printing
o To improve the productivity without interruptions by adopting
preventive maintenance of plant and
machinery.
o To appreciate the importance of employee by encouraging their
efforts which are essential to achieve the goals.
2.5 SWOT ANALYSIS
STRENGTH
Production capacity is high
Have a good brand image among its customers
Good relationship and understanding among management and
workers
Efficient organization structure and hierarchy
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They produce good quality goods at cheaper price, when
comparing other competitors
Young and qualified work group with an average age group of less
than 35 years
Maximum capacity utilization
WEAKNESS
Lack of stable employees, i.e., after working few years in the
company, the employees join in another company.
Salary
Single production unit
OPPORTUNITIES
Since they have quality goods at cheaper price, they had a greater
chance for capturing competitors market
Have greater scope for extending its distribution networks all over
India
Greater chance of introducing new products
To recruit more number of workers to increase the production.
THREATS
Government regulations
High cost of the material.
Stiff competition
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CHAPTER- III
COMPUTERIZATION
COMPUTERIZATION OF COMPANY:
All the departments are fully computerized.
3.1 AREA OF COMPUTERIZATION:
Monitor: Samsung, samtron
Size: 15”
Processor: INTEL
Hard disk capacity: 80 GB
RAM: 512 MB
Keyboard: 104 keys
CD-ROM:52X
Mouse: Logitech
3.2 SOFTWARE USED:
Operating system: Vista, xp
Production: Win Product
Accounts: Tally 9.0
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CHAPTER - IV
CONCLUSION
4.1 KNOWLEDGE GAINED:
The trainee has learned about various operations in Textile Company
practically.
The trainee has understood about the activities of the production
department as a whole.
The trainee came to know about the various machines used for
production in this concern.
The trainee has learned about attendance maintenance.
4.2 CONCLUSION:
Now a days textile industry Earn more revenue to increase
individual income, Development of economy, Increase standard of living,
Reduce unemployement, Improvement of culture etc.
From the internship training, It was observed that the
company Old technology machinery, Minimum number of skilled labour,
and lesser salary payable to the employees.
To overcome the above difficulties, the company can use
Modern technology machines to improve the research &Development sector.
Thus, it can be considered that the company considers the
findings and suggestion for the betterment of the company which leads to
cut throat the competitive in the business market.
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