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This is to certify that the In – plant report entitled
This is being submitted here for the award of degree of MBA, of Dr. BABASAHEB AMBEDKAR MARATHWADA UNIVERSITY, AURANGABAD. is the result of original research work completed by Mr.ABHIJEET P. KANHERE Under the guidance & to the best of my knowledge and belief, the work embodied in this project report has not form earlier the basis for the award of any degree or similar title of this another examining body.
Prof. E.A.Qureshi Director I/C Place: Date:
Prof. C.K. DESHPANDE Guide
TO WHOM SO EVER IT MAY CONCERN CERTIFICATE
This to certify that Mr.SANTOSH AMILKANTHWAR , student of R.S.I.M. College, Aurangabad, has undergone In – plant training in our organization from 29.07.2009 to 12.09.2009 During his training period, he has undergone training in Raw Material Stores, Quality Control Department, Quality Assurance Department, Finished Goods Stores, Human Resource Department and Accounts Department. During his training period, we found him to be sincere.
For RAYMOND LTD. Mr. P.S. WAGHMARE ( Sr. HR&A Manager)
IN-PLANT TRAINING REPORT
SUBMITED TO Dr. BABASAHEB AMBEDKAR MARATHWADA UNIVERSITY, AURANGABAD THROUGH
(RAJARSHI SHAHU INSTITUTE OF MANAGEMENT)
BY Mr. Santosh D. Amilkanthwar (MBA 3rd SEM) UNDER THE GUINDENCE OF
Prof.. C.K. DESHPANDE
RAJARSHI SHAHU INTITUTE OF MANAGEMENT
My foremost thanks to Prof. E.A.Qureshi, Director, Rajarshi Shahu Institute Of Management, Aurangabad for motivating me in my project work at “RAYMOND My outmost thanks to all the staff members at there for their valuable support, encouragement, guidance and suggestion during the course of my summer in – plant training. I am also thankful to Prof. C.K. DESHPANDE for their valuable guidance during the course of my summer in – plant training. For M.B.A. students, his summer in – plant training is very important for the career, everybody wishes to get a good organization for the project, which has contributed for me to get a project at “RAYMOND” and gave me a chance to work with such good organization and learn out most of it. Mr. Santosh D. Amilkanthwar M.B.A. – 3rd SEM (finance)
B.G.P.S. RAJARSHI SHAHU INTITUTE OF MANAGEMENT
I hereby declare that this project report submitted by me in my partial fulfillment of Master of Business Administration is a genuine work of mine. It has not been submitted either fully or partly to this or any other institute prior, in any other connection. Mr. Santosh D. Amilkanthwar M.B.A. (3rd SEM) (Marketing)
It was golden opportunity and nice pleasure for us to pursuer summer training from Raymond Ltd. (Textile Division Chhindwara) M.P I would like to express my sincere thank to Mr. Naresh Kadu who was my trainer in charge in Raymond Ltd. I would like to thankful to all staff of Raymond Ltd. for the courtesy extended by them to us. I am very much thankful to complete my summer Training under Mr. Naresh Kadu (Training Incharge) and who was imparted a necessary guidance and Knowledge for the fulfillment of the Project.
Mr. Santosh D. Amilkanthwar
Date : Place :
Sr. No. 1. 2. 3. 4. 4.1 4.1.1 4.1.2 4.2 4.3 4.4 4.4.1 4.4.2 4.4.3 4.4.4 4.5 6. 7. 8. 9.
Introduction Overview of Company Scope & Objectives Department’s Purchase & Stores Bill Discounting Bill Passing Human Resource Department Production Department Finance Department Bank Payment & Receipts Sales Taxes & Entry Tax Sales Accounting Company Annual Report Marketing Department SWOT Analysis Suggestions Conclusion Bibliography
OVERVIEW OF RAYMOND LIMITED
The Raymond Group was incorporated in 1925 and within a span of few years, transformed from being an Indian textile major to a global conglomerate. The Raymond Limited was established in September 1925 to acquire the Woolen Mills in Thane known as WADIA WOOLEN MILLS; it was managed by E. D. Sassoon & Co. Until November 1944 when the entire share holding was acquired by JAGGILAL KAMALPAT SINGHANIA of Kanpur, subsequently J. K. Trust Bombay, acted as managing agents. There after the name was changed to Raymond Woolen Mills Limited. In late 1994, the “Raymond Woolen Mills” was changed to “Raymond Limited”. Traditional product lines were discounting. High quality becomes a numbers of watchwords and the diversification program got head start. Non traditional blends of natural and manmade fabrics were introduced back by sound research & Development. This resulted in greater consumer satisfaction both at home and abroad. The idea of J& K was to develop an organization with a diversified product line. Over the year the organization grew in structure and nature. To facilitate better involvement of the top management in the organization effort, the J. K. Organization was divided into three zones i.e., Western, Central and Eastern. The Raymond Limited in Chhindwara is a part of Western zone.
OUR GROUP COMPANIES
The subsidiary companies of Raymond Limited are as follows: Raymond Apparel Limited Raymond Apparel Ltd. has in its folio some of the most highly regarded apparel brands in India – Raymond finally crafted Garments, Monzani, Park Avenue for men & women, ColorPlus for men & women, Parx, Be: and Zapp! and Notting Hill. • ColorPlus Fashion Ltd. ColorPlus is among the largest smart casual brands in the premium category. The company was acquired by Raymond to cater to the growing demand for a high end, casual wear brands in the country for men and women. • Silver Spark, Apparel Ltd. .A garmenting facility that manufactures formal suits, trousers and jackets. Regency Textiles Portuguesa Lda. A facility set-up in northern Portugal bordering Spain, in Caminha for manufacturing suits, jackets and trousers. •
• • • • • •
EverBlue Apparel Ltd. A state-of-the-art denim garmenting facility. Celebrations Apparel Ltd. A facility set-up for the manufacture of formal shirts. J. K. Files & Tools A leading player in the Engineering files and tools segment and the largest producer of steel files in the world. Ring Plus Aqua Ltd. A leading player in the engineering automotive components. J. K. Helene Curtis Ltd. A leading player in the grooming, accessories and toiletries category. J. K. Investo Trade (India) Ltd. JKIT is an investment company registered with Reserve Bank of India as NonBanking Financial Company.
OUR JOINT VENTURES
• • • • • Raymond UCO Denim Pvt. Ltd. The manufacturers and marketers of denim fabrics. Raymond Zambaiti Pvt. Ltd. A Greenfield facility manufacturing high value cotton shirting. Gas Apparel Pvt. Ltd. Our joint venture with Grotto S. P. A. launched the highly successful ‘GAS’ brand in India. J. K. Ansell Ltd. The manufacturers and marketers of KamaSutra condom and Surgical Gloves. J. K. Talabot Ltd. Our joint venture with MOB Outillage SA, manufacturing files and rasps for international markets.
RAYMOND: For over 80 years, Raymond is counted as one of the world’s premier manufacturers of worsted suiting fabric in fine grade wool; in the same league as the finest that Europe has to offer. Today, the Raymond product range includes pure wools, wool blended with exotic fibers like camel hair, cashmere and angora and innovative blends of wool with polyester, linen and silk. Offering suiting and trousering fabric for all occasions and needs. Our domestic distribution is spread far and wide with more than 30,000 outlets that stock and sell our wide range of fabrics. Fine products, wide range, superb distribution and intelligent advertising support have helped the company gain a dominant share of the market. No wonder, premium labels from the world’s fashion capitals prefer Raymond. MANZONI: Manzoni is a luxury lifestyle brand offering the discerning customer a super premium range of formal wear and sportswear including shirts, suits, trousers, jackets, ties and leather accessories. Our exclusive designs provide customers the best in contemporary international style and luxury. Each garment is crafted from the most exotic cotton silk, linen and superfine wool, the best-inthe-world linings, interlinings and threads sourced from around the globe. PARK AVENUE: Launched in 1986, Park Avenue is today, India’s most admired formal wear brand. It offers stylish and innovative wardrobe solutions to gentlemen for all their dressing needs, be it Business, Evening Leisure, Travel or Heritage Wear. The brand has received several awards. Recently, it had the honor of being the ‘Most Admired Brand’ at the Lycra Images Fashion Awards 2007 for the third consecutive year. Crossing the gender divide, Park Avenue launched ‘Park Avenue Woman’ - a complete range of Business Wear for women. ‘Park Avenue Woman’ is designed specially for the working women professionals of today. COLORPLUS: ColorPlus is one of India’s premium and most respected casual wear brands offering customers a range of shirts, trousers, knits and survival gear. ColorPlus constantly innovating the processes and technologies which offering the buyers new world of comfort. Some of the technological innovations it is well known for; include thermo-fused buttons, golf ball wash, soft jeans, wrinkle free technology, stain-free fabric and the cone dyed technique. Adding new color now to the woman’s wardrobe, ColorPlus recently launched ColorPlus Woman – An exclusive range of smart-casual clothing.
Parx: Parx is
a ’premium casual lifestyle brand bringing customer a range of stylish semi-formal and casual cloths that reflects the easy, relaxed attitude of the energetic 22-30 years old. Parx was launched in 1999 to cater to the smart and fashionable clothing segment.
ZAPP! : The burgeoning children’s wear market has now turned stylish with zapp!- our range of stylish and fashionable kids wear. The brand brings 4-12 years a wide range of clothes, accessories, bed and bath line and more. The first zapp! store has been launched in Ahamedabad with ten more on their way for kids across the country. NOTTING HILL: Notting Hill reflects style and manifests originality of today’s fashion-conscious and discerning young professional at an affordable price. The brand collection features a spectrum of men’s lifestyle product comprising of suits, shirts, trousers, jeans, t-shirts and also accessories like ties, handkerchiefs and socks. HOME BE: HOME is a specialty multi brand Home Retail Chain that present elegant, soft home furnishing & accessories which are sourced from across the globe from reputed labels (private & international). Spanning from a mid premium pricing range, Be : HOME provides an assortment of quilts, blankets, robes, apparels, wall decor , vases, candles, gourmet cooking range and much more under one roof to provide the perfect look for your home. THE REYMOND SHOP: The Raymond shop is premium retail store offering complete wardrobe solution for men, which includes top-of-the-line brand Raymond Manzoni, Park Avenue, ColorPlus and Parx.
OVERVIEW OF CHHINDWARA UNIT
Raymond Limited Chhindwara is the Flagship Company of J. K. Groups (Western Division). It produces high quality polyester wool fabric and polyester viscose blends fabric. It began operation on 1 April, 1991 to cater the growing demand of premium suiting the plant is at a distance of 57 kms. from Nagpur and 70 kms. from Chhindwara on Nagpur-Chhindwara Road. The hundred acres plot stood as a pioneer in the Socio-economic development of this region. The list factors leading to the selection of this location are:1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Cheap Land. Labour availability at cheaper cost. Easy availability of power, fuel and water. Availability of land for Expansion. Easy Transportation (because nearer to Nagpur which is well connected to Roads, Rail and Airways.) Market Proximity. 15% of subsidy on total cost of project subject to maximum of 15 lacs. Sales Tax exempt for 7 years initially. Entry Tax exempted for 5 years extended by another five years due to major expansion. 5% Subsidy in electricity charges subject to a maximum of 10 lacs per annum. The plant is well equipped with the most modern machinery, which results in high efficiency and productivity. Most important than machines are the manpower, which is adequately skilled and component. Within 3 years of starting, we had achieved over 90% efficiency levels in the Spinning and weaving departments we are still maintaining it.
SCOPE & OBJECTIVES
a) To enhance the knowledge being a management trainee. b) Training in a multinational company like Raymond gives the idea of huge
management work having interlinks in the different countries. c) The training has given us idea of working of different departments like production, stores, finance, personnel, marketing etc.
i) The basic objective of the training was to get through the different management concept through production, personnel, finance as well as with the marketing department. ii) Also we had an increase in knowledge of Engineering through the managerial concepts. iii) To apply the theoretical knowledge to learn the various aspects of management.
♦ Wool: The Merino brand of wool is imported from Australia, and supplied as Tops by the wool Scouring and Grey Combing department. ♦ Polyester: A man made synthetic fiber which is in the form of staple fiber or tow. There are three varieties – Normal, Sparkle and Low pill. ♦ Viscose: A regenerated cellulosic fiber which is made from wood pulp. Generally it is dope dyed by suppliers and is in fibrous form. The production operations at our plant are coordinated by the PRODUCTION PLANNING & CONTROL department. Its role is to gather information of all stock at various stages and communicate with the different departments; so that production activities are synchronized. We have six months order in advance and divide the production activities bi-annually in unison with the market, and our JALGAON and THANE units. First in the sequence is the RAW MATERIAL GODOWN where the basic inputs procured are stored, accounted for and intimated to the COMMERCIAL department. The first stage of processing is DYEING. According to a dyeing plan set by the production planners, the dyeing department is issued tops. Fabrics and yarn produced at further stages which are grey or do not have the desired pigmentation are also dyed. Some polyester is procured in the form of tows. These are cut and converted into sliver form and converted into tops in the CONVERTER section. The material is sent back to the raw material godown from where it is sent to the dyeing department. Only after a perfect match with standard shades are the tops sent to the RECOMBING department. In the Recombing department tops of polyester and wool in sliver form are blended and mixed to produce a uniform sliver (65% polyester & 35% wool). The processing ensures that fiber is untangled. Straightened and parallel. All there Tops (polyester and wool) are sent for spinning in the WORSTED SPINNING department. The function of spinning is to form yarn fiber. The yarn made is wound on a bobbin and is called cheese. *Tops – roll of sliver *Tow – roll of continuous film or filament of fiber *Sliver – fiber in a rope like form. Simultaneously polyester and viscose fiber is dispatched from the dyeing department and raw material godown (grey i.e. Undyed) to the blowroom or P/V SPINNING department where it is mixed in proportion (67% polyester and 33% viscose). This mix is transformed into sliver in the carding section which further processes and produces a poly-viscose yarn.
All yarn is stored for intermediate purpose in a DOUBLE YARN ROOM from here the yarn is issued to warping section of the WEAVING department. At this stage yarn is woven into fabric. In the MENDING department this fabric is under scrutiny for any defects to be identified and removed. Every meter of fabric produced is checked. The next stage of processing is the FINISHING department. Fabric is washed cleaned and subjected to mechanical / chemical operations with the aim of giving the fabric a smooth regular texture, luster and anti-creasing effect. In the FOLDING department, finished fabric is cut to proper length, wound and packed properly. In addition to this we have a PLUSH department where we manufacture FURNISHING fabric by procuring yarns from outside. The packed goods are stocked in the WAREHOUSE from where it is dispatch as per sales note to respective dealers. This transfer is communicated to the SALES office.
A SHORT RESUME OF CHHINDWARA UNIT
Vision Mill : : To be the world’s most admired Worsted Suiting Company RAYMOND LIMITED (Textile division Chhindwara) B-1A.K.V.N. Kailash Nagar Tehsil - Sausar District – Chhindwara Raymond Limited is situated in Boregaon This comes under M.P audhyogik viksa Kendra nigam, Jabalpur J.K Organization J.K Bldg, N. Morarjee Marg, Ballard zadgaon Mumbai 400038 Raymond Limited Plot no. 156/11, No.2 village zadgaon Ratnagiri (M.H) 415612 1st April 1991 Mr. VINOD PADMAHABHAN Suiting polyester / wool, polyester/viscous All wool, furnishing fabrics 100 acre 400 crore 11 lacs meter per month 165363 units per day 45 lacs liters per day 55 metrics tones per day Office-265, Staff-428, Sub staff-38 Workers-3145
Production commenced on : Work director Product manufacture Area of the plot Turn over Our output Power consumption Water consumption Coal consumption Man power : : : : : : : : :
Park Avenue, Parx, Zapp
Every year there is sales booking takes place and the booking is done for two seasons. 1) 2) Summer booking (in the month of December) Winter booking (in the month of June)
In the booking the dealers book their requirement for next season for which the booking is being taken place. And as per their booking, Sales & Marketing Dept. prepares sale notes quality wise, shed wise for all the dealers those are given booking for the next season. There is a three types of Sale Notes are prepared. 1) Main Sale Notes: The same is prepared buyer wise. In this, the qualities and shed numbers are mentioned of the dealers which are to be produced by us to fulfill the requirement in the required delivery period under instructions given to Production & Planning Department. Additional Sale Notes: The same is also prepared buyer wise and the same is issued after completion of booking for delivery period of next two months having the qualities and shed numbers as per requirement of the buyer. Mini Sale Notes: Mini Sale Notes can be issued in favor of buyer as per their requirement received through phone or email or their personal visit
BATCH MAKING PROCEDURE
The batch making procedure is done by Warehouse Department and finds Processing of Dispatch is done by I. T. Department. Before batch making Warehouse sorting the old packed bale challans and daily packing challans which are ready for dispatch of goods and keeping separately for making a batch. On the basis of challans which are in hand and ready for dispatch the Warehouse Punches the challans in the batch programme. Looking to the capacity of Lorry a batch can be made of maximum of 350 bales of 150 Bales which covers 22 to 24 thousand meters respectively in every challan gross weight is feeded in the same programme after punching all challans the batch programme shows total numbers of bales and total meters which are ready for submission to EDP Department for processing the final dispatch. After that one slip is prepared by Warehouse Department for submission of batch to EDP department having the following details of a batch. • • • • • Date of Dispatch Total numbers of Bales Total meters Type of Dispatch Time
BY THANE HEAD OFFICE
1. At the time of sale they debit the buyer account by invoice price and bank processing charges as per bank rule. 2. When bill is drown or discounted by bank, they credit the buyer’s account. 3. When bill is discounted they debit bank account by invoice price and credit it by commission & interest charges. 4. In case of dishonor they again debit the buyer’s account credit bank account.
BY CHHINDWARA DIVISION
Here only one sale ledger account is maintained. So here we pass only that is we credit ‘THANE HADE OFFICE’.
1. When bill is discounted bank immediately credit our account and debit it by interest and commission. 2. When bill is discounted bank reserve the above entry.
RAYMOND LTD. IS USING THE SAP SOFTWARE FOR ALL COMPANY WORK, LIKE– PRODUCTION PLANNING AND CONTROL, PRODUCTION PROCESS, HUMAN RESOURCES DEPARTMENT, MAKETING, PURCHASING AND ALSO IN ACCOUNTING DEPARTMENT SINCE FEB.2007
SYSTEM APPLICATION DATA PROCESSING (SAP):SAP is kind of ERP package. ERP stands for Entrepreneur Resource Planning. This is a software package used for planning, organizing and coordination the resources available in the factory for optimum utilization. In a SAP each department is equivalent to some module. Raymond has implemented 6 modules. They are:1. 2. 3. 4. 5. 6.
Material Management Financial Accounting Production Planning Quality Control Sales and distribution Human resource management
Any document consisting of data related to the above stated module is feeded in the system is called as transaction. All the users of the system, which are mainly the department head are given the password and login name to access the system. SAP initially was developed in German language. The 5 employees of IBM developed it in the year 1972. Initially Raymond used only one module for financial accounting and the utility efficiency and the speedy decision making lead to the application of other modules. All the modules are inter – related and the changes made in data of 1 module get updated in all the other modules. There is a master data for each of the module. The modules are provided in the package but if needed is felt new modules can be developed and the collection of program can be attached. Information with similar links is kept in the same module. This shows the adaptation of new technological innovations by Videocon to improve efficiency and minimize the time factor.
Bill:- Bill is the document raised by suppliers against the material supplied by them. Bill Passing:- It is a procedure of passing the bill in order to make the payments. Bill Passing is Two Types
For store For Raw Material In bill passing P. V. J. (Purchase Journal Voucher) is prepared.
For Passing Store Bill Following Document are required
1. Purchase Order 2. G.R.R. (Goods Received Reports)
1. Purchase Order:- Purchase order is prepared by purchase department on the basis of quotation placed by supplier. The basic contents of purchase order as follows: Name of the party. (supplier) Order No. and Date Material Description with item code Rate and Quantity Delivery ex (Place of Delivery) Delivery period (as per schedule) immediate. Payment (credit period) Basic order value Tax condition C.S.T. No. (Central Sales Tax) &G.S.T (General Sales Tax) Five copies of purchase order are to be made to be sent Store department Account department Department which require the material Supplier Purchase department
APPROVING AUTHORITY FOR THE PURCHASE ORDER IS WORKS DIRECTOR.
2. G.R.R (Goods Received Report):- It is prepared on the basis of terms and condition of purchase order by store department. This G.R.R. is then sent to concerned department along with the materials which is indented by them mentioned in G.R.R. Then the department approves this approved G.R.R. is sent to stores. The stores sent all such approved G.R.R. to accounts department for the passing of the bill.
Procedure for “BILL PASSING” of general stores
Materials are required by all the departments Required material is sent to the stores department and the department makes three copy of it. Indent material is approved by the top management. Indent material is sent to purchase department. Purchase department invites the quotation from the supplier and as per the quality they place an order. Purchase department send the order to the party who supplies the material. Stores department receives the material and check the material as per the terms and condition of purchase order. If material is not as per the order placed, store will reject the materials and return to the party. After the acceptance of the material by the concerned department stores department will make G.R.R.
G.R.R. will be approved by the technical department engineering department, Quality Control, Production & store department.
• • • • • If there is shortage of material G.R.R. is made for the material receive and shortage and excess reports. If material are not as per the quality it will be rejected and returns to the party. In G.R.R. challan Quantity, Receipt quantity and acceptance quantity are mentioned and G.R.R. prepared after acceptance. After supply of material party sends the bill P. J. V. (PURCHASE JOURNAL VOUCHER) is prepared on receipt of G.R.R. purchase order and invoice.
• • Wool:- The Merino brand of wool is imported from Australia, and supplied as Topes by
the wool scouring & Grey combing department.
Polyester: - A man made synthetic fiber which is in the form of staple fiber or tow.
There are three verities- Normal, Sparkle &Low pill.
Viscose:- A regenerated cellulosic fiber, which is made from wood pulp. Generally it is
dope dyed by suppliers and is in fibrous form.
GODOWN FOR RAW MATERIAL Here is three section of godown for keeping raw material. 1. Raw material godown 2. Top godown 3. Waste godown. RAW MATERIAL NORMS PSF – POLYESTER STAPLE FIBRE VSF – Viscose Staple Fiber TOW – Polyester Continuous Filament GWL – Greasy Wool SWL – Scoured Wool PROCESS MATERIAL (Top is a bundle of sliver conversion of wool or Polyester TOW is a converted Top) TOP-Polyester TOP-Wool TOP OTHER MATERIAL: FLEX TOP (Linen TOP) SILK TOP VISCOSE TOP LENRING MODEL TOP BLENDED TOP LENRING MODEL TOP
Raw material Godown receives the following material from the supplier:Supplier Name RIL- Reliance Industries Ltd. Pataganga (M.S) Surat (Gujrat) FRL- Futura Fibers Chennai GIL- Grasim Industries Ltd Nagda (M.P.) DAL- Dewavrin Australia P. Ltd CDDL- Compagnie Importin DeLaines BEAPL- BWK Elders Australia P. Ltd RSA- Rantax S.A Curuguay NV-NVJOS Vennestex (Belgium) SNSM- Socete Novvelle Textile Maclou France and many others Suppliers From INDIA AAT- Azad Agro Traders Kashmir ESL- East End Silk Ltd. (Malda)W.B Greasy Wool Silk TOP Material TOW-PSF
TOW-PSF-TOP VSF-TOP Greasy Wool Greasy Wool Greasy Wool Greasy Wool Greasy Wool FLEX TOP
Raw Material Receipt and Consumption per Day average
Per day Raw Material Receipt Average 30-40 Ton Details of Raw Materials Greasy Wool TOW PSF VSF Polyester Top in & outside Wool Top in & outside 8.90 Ton 3-5 Ton 3-10 Ton 1.70 Ton 3.90+4.50 Ton 4.30+0.50 Ton
Per Day RM Consumption Average 25.90 Ton
Details of Raw Materials Department Combing Dept. Converter Dept . SVSPG Dept Dyeing Dept. Recombing Dept. Raw Material Greasy Wool TOW PSF+VSF Wool Top+Poly Top+PSF Wool Top+Poly Top Weight 7.00 Ton 4.00 Ton 1.40+1.30(2.70 Ton) 3.0+3.80+2.0(8 Ton) 1.50+1.90 (3.40 Ton)
ADOPTION OF QUALITY STANDARD BY RAYMOND LIMITED TEXTILE DIVISION
At Raymond Limited (Textile Division), Chhindwara, maintenance of quality to manufacture and supply high quality polyester-wool and polyester-viscose and furnishing fabrics and activities for maintaining environment of factory unit. Raymond Limited (Textile Division), Chhindwara got some quality life for their factory unit and that is ISO which gives the certificate for quality assurance. Quality: Quality means doing the right thing, the right way, first time and every time. ISO: International Organization for Standardization Company got certification in ISO 14001: 1996 certified in Nov. 2002 ISO 9001: 2000 certifies in March, 2004 The company stringent quality control system ensure that its blends match the exacting Standards of its customers in terms of chemical composition, mechanical properties, automation, viscose, polyester, yarn and inclusion rating. Company Achievements: ♦ ♦ ♦ ♦ ♦ National Energy Conservation Award. Golden Peacock EM Award. National Energy Conservation Award. ICMF’s Energy Conservation Award. National Energy Conservation Award. 1999 2000 2002 2004 2006
ENVIRONMENTAL POLICY ADOPTED BY RAYMOND LIMITED
TEXTILE DIVISION – CHHINDWARA Raymond Limited (Textile Division), Chhindwara is committed to manufacture and supply high quality polyester – wool and polyester – viscose blended suting and furnishing fabrics and to demonstrate excellence in environmental performance of all its activities. Products and services on a continual basis in accordance with the requirements of ISO 14001:2004. Raymond Limited is committed to comply with all legal requirements of manufacture and delivery of blended fabrics. Raymond Limited is particularly conscious of its potential of impact on water use and quality during the manufacturing operations. As well as issues associated with transportation of its products. It has therefore institutionalized sound environmental management systems and strategies including pollution prevention, adoption of cleaner technologies, effective resource management, waste avoidance and best operating practices, in particular, the company is committed to optimize consumption of all resources including chemicals, water and electrical energy. Specific objectives and targets are established, monitored and reviewed at appropriate intervals in order to track and verify environmental performance. Raymond Limited shall strive to strengthen the awareness, skill and competence of all its employees and contractors. The environmental policy is communicated to all persons working for and on behalf of the organization and is available to all interested parties and the public,
POLYESTER FABRIC PROCESS CHART
MIXING BLOW ROOM CARDING DRAW FRAME SPEED FRAME RING FRAME AUTO CORNER PLY WINDING T. F. O. WARPING WEAVING DYEING (not required for fiber dyed) SINGEING
WASHING DRYING RESIN FINISH SHEARING DECASTING PRESSING PERMANENT FINISH FOLDING WARE
HUMAN RESOURCES DEPARTMENT (HRD)
HRD is the heart of Raymond. The working of HRD encompasses all the departments, as it has to manage all the employees tactfully. The HRD mainly follows the two aspects for managing the employees. They are:• •
Traditional aspect Developmental aspect
The traditional aspect is related only to the old age concept of human resource management. It carries out the functions mainly of:1. Recruitment: - The employees are recruited on the basis of value and
6. 7. 8.
urgency. The traditional recruitment can be internal i.e. the employees are promoted or their relatives. It can also be external from some consultant management schools, by newspaper advertisement etc. Payment of salaries and wages: - It is decided on the basis of the work or designation; payment of wages is done according to minimum wages act. Industrial relations: - The department establishes a relation, which will be beneficial to the company in long term. Workmen compensation act and employees state insurance act is implemented. Union management. Agreement: - It includes the rules and regulations, which are to be followed by the staff and employees for smooth working of the company. Bargaining with the union. Resolving disputes: - Industrial disputes act resolves strikes and outlets. Administration is also a function of the HRD department. It includes providing facilities like lunch, bus for traveling. Even providing security is the part of the administration. Administration activities are launched by government in same format.
The development aspect includes activities such as:-
1. Performance Appraisal: - Quarterly appraisals are done and
3. 4. 5.
objectives are defined for the year. In this A, B and C rating is given like excellent, very good and good. There are 4 types of appraisals:a. Self appraisal b. Superior appraisal (90°) c. Peers appraisal (180°) d. Subordinate appraisal (360°) Training and development: - Training and development is provided on the basis of their needs. Training is provided either internally or externally. The training is provided mostly on job. The off job training is provided to mostly executives. Engineers and HRD workers do timely study. Job Rotation: - It is used to motivate the employees and to avoid monotony. Grievance management: - It is to coordinate the management with the employees. Its main objective is to sole the grievances of the employees, so that they should work with complete commitment. Promotion: - It is provided on the basis of sincerity and merit. Besides these facilities such as recreation to the staff and their family, transportation canteens, schemes for children, society for workman, etc. are provided.
In all, there are 210 permanent employees in such shifts. Some temporaries and trainees are appointed in case of absenteeism.
STRANGTHS and WEEKNESSES STRANGTHS
The company has strong Research and Development dept. for product and new technology. The company has many Bank facilities like long credit time and other facilities. The company has qualified and experience Human Resource for selection and recruitment.
The company has obsolete technology. The company has low production in off session.
The company has less man power according to the work.
OPPORTUNITIES & THEREAT
Large and growing market the available to the company is very large continuously growing. The company has maintained growth from last many years. As the population increase the demand of product will increase.
There are many competitors in the market. The Indian market is the main market of the company but it is very unstable. There are so many other factors like environment, political and regional.
Raymond Ltd having the good human resource. The entire employees in the company are well trained and qualified in to the work. All the departments are well established and fulfill the need of the employee. So the work environment is very good. The company is doing well in the market but have to improve the quality of the product. The machinery used in production is also not so updated. If company will improve in the all mentioned sector the sell of the company will increase and the company will achieve the top rank in the competition Raymond Ltd is one of the leading multinational companies in India. This company produces fabrics. This company has the large share of the market. It is having more turn over comparing then other fabric companies in India. The company Raymond have the main competitors are not the Indian they are also the multinational companies but they are not the Indian company.
The Raymond in Chindwara is mainly produces the fabrics . The production is done on the basics of marketing requirement. The requirement and the other information is gathered by the Marketing department this requirement is send to the P.P.C. Department and this department makes the production plane for the month and gives to the Production Department and fabric are made and distributed in the market.
1) Raymond should develop managerial skill particularly to identify the
weaker section to reach the benefits the social and economic objects. 2) Raymond must play prominent role in financing which may result in
rising level of income and employment. 3) The present official staff of Raymond can be given a suitable
management training that modern management concept and management technologies can be vitalized in the day to day business of Raymond for the further improvement.
BOOKS • IM Pandey, financial management
• Annual report of company Raymond Limited • Company manuals
• Saxena & vashist cost accounting • Company profile WEBSITE
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