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Work Carried at Thomson Press (I) Ltd., New Delhi Submitted in partial fulfillment of the requirement of Summer Internship Program Under the Supervision Of Mr.Abhhijit Bose Sales Manager Thomson Press (I) Ltd.
Industry Overview Ashish Thakran .
rapid urbanization and smaller households helped in the growth.6% CAGR. it’s a fertile ground for the print media. executive director of Hong Kongbased research firm Media Partners Asia. (PWC) said in a recent report. TV ads generated 41 per cent. leisure and finances. PWC said. The printing industry is one of the biggest and fastest growing sectors in India. keeping the cap for news at 26 per cent.4 billion in 2007. higher than anywhere in the world. private equity firm Blackstone Group put $150 million in regional publisher Ushodaya Ashish Thakran . Early investments included Independent News and Media‟s 26 per cent stake in newspaper publisher Dainik Jagran. Book Publishing also forms part of the print media though currently the share is not substantial. As per PwC report. the Indian printing industry in India has consistently outpaced GDP growth. the printing and packaging industries‟ collective growth has had a compound annual growth rate of over 16. more workingwomen.2%. More recently.” said Vivek Couto.000 million.75 per cent in the last four years. middle class incomes have risen. the print industry is expected to grow from Rs 128 bn in 2006 to Rs 232 bn by 2011. Print publication‐advertising revenues in India generated $2. the magazine segment is valued at Rs 16 bn. The Indian print media segment primarily comprises newspaper and magazine publishing. The growth has always been in double digits and significantly. always more than twice the GDP growth rate. Boom: India in 2005 allowed 100 per cent foreign investment in non‐news publications. boosting demand for niche magazines on health. Pearson Plc‟s 14 per cent in Business Standard newspaper. The printing and packaging industry in India has assumed growing significance during last decade. Since 1989.5 million people directly or indirectly. Henderson Ventures‟ investment in HT Media and BBC World wide magazine venture with Bennett. Growing prosperity in rural areas is also encouraging demand for publications in India‟s more than 20 official regional languages. A young demographic. The Indian Printing Industry is poised to achieve 60% growth by the year 2010 and can generate phenomenal increase in employment opportunities. This industry provides employment to about 1. There is also buoyancy in print advertising that is encouraging new launches and niche publications in particular. “It’s a fast growing economy and with consumption so robust and with incomes rising. or 48 per cent of all of the country‟s media advertising revenues. India has more than 1. Coleman & Company. According to a recent survey.50. PWC added in its report. With the economy having grown at an average rate of 8. While the newspaper industry is estimated at Rs 112 bn. Revenue for newspapers and magazines in India — where reading at least one newspaper in the morning is sacrosanct — grew at an average rate of 15 per cent in the last four years. with a capital investment of over Rs 83. at 12.PRINT INDUSTRY The structure of the Indian print media industry is highly fragmented with importance to regional dominance.000 printing presses actively in operation in all parts of the country.
which has sold its Business Standard stake. Glut: But it‟s not all‐good news. Pearson. Warburg Pincus moved $33 million into the Dainik Group and DE Shaw invested $39 million in Amar Ujala Publications.” Atul Phadnis. The large number of players jostling in the market place could lead to a drop off in advertising revenues in the coming years. according to research firm Venture Intelligence. “Everyone thinks it will keep rising. is keen on more launches. which has a content alliance for The Wall Street Journal with HT Media‟s business daily. We will see intense price competition. chief executive of consultancy Media e2e said. is reported to be in talks for a new venture. analysts say. and smaller firms may be forced out”. Ashish Thakran . print and the Internet because of so many players. News Corp. “One of the worries is that publishers are taking ad revenues for granted. but as early as 2009 we are going to see a glut in inventory in TV.Enterprises.
However. the ad spend in India is just 0.529 daily newspapers as of March 2005. due to strong hold over a region. In 2006. are largely focused on the primary urban centres. second only to China with 98. the newspaper had higher cover charges. Hindi and vernacular language newspapers offer a local and regional flavor to their readers. there were approximately 6. Currently Indian print media is estimated to reach over 220 m people. further reduced the cost of the newspaper to around fifty paisa for an average issue. However.8%. Higher ad spends: Print media accounts for 48% of the total Rs 137. Approximately 7% of the population in urban areas read English language newspapers. during their launch period. 1. (Source: IRS 2005) In contrast to this. The print media is further divided on the basis of the languages. in addition to their strong presence in urban areas. as compared to the global average of 50%. The content and circulation of English‐language newspapers. with existing players enjoying strong brand loyalty. While rural literacy is at 64. and has immense growth potential since close to 370 m literate Indians are believed to not be served by any publication. The initial subscription offers of „DNA‟ and „Hindustan Times‟ (HT) in Mumbai. No single newspaper had a national circulation. Of the daily newspapers. Times of India follows strong brand loyalty in Mumbai and it was difficult for Hindustan Times to enter Mumbai. For e.g. urban literacy touched 85. 44% are in Hindi and 10% are English. Hindi‐language newspapers have a proportionately larger readership in rural areas. with a readership of approximately 15% and 5% of persons in urban and rural areas. Lower cover prices: Earlier. the literacy levels increased to 79. Ashish Thakran .3% in the US and a world average of nearly 1.3%.5% in China.0%. Also. Many English dailies are sold for as low as Rs 2 or Rs 3.9% as compared to 69. about 46% are vernacular. With rising consumerism and growing interest from domestic and global brands in Indian market. compared to a readership of only 0.4% of GDP as against 0.5.7 m copies a day. Fragmented Industry: The regionalism aspect is clearly visible in the newspaper sector.9 m copies per day. respectively. the reach of newspapers is only 27%.Growth In Industry Due To Following Factors Higher literacy levels: In 2008. on the other hand.5 bn advertising spend in the country. As per the registrar of newspapers.3% of the population in the rural areas. with increasing competition and venture into newer regions the companies have reduced the cover prices to augment more sales. India had the second largest circulation of newspapers with 88. the growth in ad segment is expected to be strong. The newspaper industry is regionally divided.9% in 2005.
literate population on the rise.The newspaper industry has relatively high entry barriers due to the strong brand equity of existing players. In non‐news publications. Since the changes in the regulation many foreign investors have taken strategic stakes in the domestic print media companies. increasing consumerism. Also with newspaper companies entering into newer regions and segments would lead to stronger growth. Currently. entry of global brands in the country and opening of the sector to foreign investors would drive the growth in print media. However. Also. foreign investment regulations were relaxed in 2002. mainly due to lack of funds. And Growth will be there… A booming Indian economy. making it difficult for new players to enter. 100% foreign investment is permitted. up to 26% foreign direct investment (FDI) is permitted in newspapers and periodicals dealing with news and current affairs. existing players have strong control over the distribution network. Ashish Thakran . Attracting foreign investment: Most Indian print players continued to dominate the local regions and did not enter new territories.
Company Profile Ashish Thakran .
which is later sent for printing.Welcome to Thomson Press Thomson Press at a Glance: Thomson Press has been in operation for over 40 years and is part of the India Today Group a major multimedia company having interests in printing. personal conscience framework Ashish Thakran . Design Studio has a team of well qualified designers and they design the contents as per user‟s requirements. publishing. In brief. Internet. two Repro Units and two Typesetting Units Having sales Offices in major Indian and International cities Having revenue of over US $ 200 million on an asset base of US $ 160 million A member of two prestigious world bodies GATF and PIRA. which have its own. Thomson Press is: The Largest Commercial Printer in South Asia Offering both Printing and Typesetting services Having five Printing Units. right from designing to delivery of the materials. The Vision: “To maintain and be acknowledged leader in printing through improvement in quality” The Mission: social. It is a service industry and not a manufacturing as it provides end‐to‐end solution to the clients. The only press in India. “It‟s the one stop‐shop for the printing solutions”. Testing Lab takes care for testing the materials that is received from suppliers and they can reject the whole material if it is not as per the ordered one. In one we can say. television and radio. Design Studio and a Testing Lab.
Ensuring adherence of the standards: to check the compliance of the standard. ‐knit team to ensure that our quality objectives are met. Ltd. Preventive and corrective actions: Every customer complaint is being thoroughly investigated by QA for its origin and reason. ‐house training programs for technological improvement. it‟s a prestige for companies to get their work done by Thomson Press as they are assured that they will get a good quality in return even if they are paying a little high than what is offered by other press. Quality policy: “We pledge to achieve Customer satisfaction by continual improvement in our processes and excellence in quality” This is achieved by: Setting Standards: been set as per the ISO 9001‐2000 international Quality System and has been certified from BSI India Pvt. By gathering data constantly on the occurrence of the defect By sending information about the defect to different departments Ashish Thakran . which is not compromised in Thomson Press and this makes it a market leader in commercial press. The standard is being revised from time to time whenever there is some improvement or modification in the system. iers to continually work on improvement in quality standards.Quality at Thomson Press Quality is one thing.
Print‐on‐Demand facility is also provided to the customers and their short‐run needs are executed rapidly. Moreover. press and post‐press facilities. Apart from the pre‐press.Product Lines Thomson Press is most diversified premier commercial printer in India. Products: Reference books Ashish Thakran . Variable Data Print with complete color personalization level provides more flexibility to the customers. Product Quality and multi‐location gives Thomson Press over competitors. Pioneering in the field of printing offering complete solutions from Design to Dispatch.
brochures. • Quality multi‐coloured calendars. Solvet ‐based and thermal • All types of foil stamping. • Sheet fed and web offset printing upto 6 colours. saddle stitched or perfect bound. gilding. folders. including hexacrome printing. learlets • Paperback and hardcase books including diaries.SERVICES PROVIDED Pre-press • Highresolution scanning on drum. • Online dryers for Matt art paper Post‐Press • UV varnish application by screen or offset and online aqueous varnish • Water. • Intricate die fabrication •48‐Station gathering for perfect binding Ashish Thakran . copy dot andrlat bed scanners • Automated page planning. bibles etc. index cutting and embossing. children books. image retouching and manipulation • Outputting in conventional and and FM screens • Fully equiped for PDF and PS riles for outputing and digital impositioning • CTP along with conventional plate making • Remote profring with Renderview Press • High volume multi‐coloured magzines.
Large number of small players • Low rates available in market • Customers compromises on Quality for low prices Opportunities •Already set goodwill • Great infrastructure so new markets can be taken up • Low operating cost in India • Wide Scope for annual report printing Ashish Thakran .SWOT ANALYSIS Strengths • Complete Solution under one roof • Own Design Studio • Own Testing Lab • Have best printing machines like GOSS • High quality Weakness • Less motivated sales force • More Manual work •No incentive Scheme for sales people •Capacity is not utilized at its best •Timely Delivery Threats • Unorganized sector.
high gloss publication. The financial statements are usually compiled in compliance with IFRS and/or the domestic GAAP. it is usually a sleek. In the case of larger companies. Typically annual reports will include: Chairman's report CEO's report Auditor's report on corporate governance Mission statement Corporate governance statement of compliance Statement of directors' responsibilities Invitation to the company's AGM as well as financial statements including: Auditor's report on the financial statements Balance sheet Statement of retained earnings Income statement Cash flow statement Notes to the financial statements Accounting policies Other information deemed relevant to stakeholders may be included. and many require the annual report to be filed at the company's registry. The details provided in the report are of use to investors to understand the company's financial position and future direction. such as a report on operations for manufacturing firms. Most jurisdictions require companies to prepare and disclose annual reports. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved).What is an annual report An Annual report is a comprehensive report on a company's activities throughout the preceding year. as well as domestic legislation Ashish Thakran . Annual reports are intended to give shareholders and other interested persons information about the company's activities and financial performance. colorful.
Ashish Thakran .
Also. as there is a time constraint. There are lot of regional head offices of companies in and around Delhi. Operational Delays: Due to waiting for appointment from companies for research had made some delay. so it also gives a big market to target. Ashish Thakran . which give a fair view of requirements of market when combined. But we also have a good mix of verticals. Private Insurance Companies Private Limited Companies Objectives of the Project The main objectives of the Study are: customers in corporate sector Limitations associated with the Project Time constraints: As is expected during any study there was very less time to do a comprehensive study for annual report printing Thomson Press. Vertical Specific: The research study was based on several verticals so the potential for Annual report printing for whole market will not come out.Area covered under research The project is confined to DELHI and NCR region. So following are the sectors. there is diversity in the sectors as there are so many sectors using annual report and have their own preferences. which were chosen for the research work. like some wants less quality and more quantity and some do not compromise on quality. Divisional boundary: Area selected was Delhi with main focus being Delhi and NCR base private limited companies Information Asymmetry: It is not easy to get information from the corporate people about their annual report printing and budget over it. This makes important to identify some sectors and then channelize the research work.
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