CONTENTS

CHAPTER 1 PAGE NO.

INTRODUCTION OF OS

INTRODUCTION……………………………………………………………………………2

OBJECTIVE……………………………………………………….…………………………2-3

PLASTIC INDUSTRY IN INDIA……………………………………………………………3-4

TOP 10 VENDORS OF GLOBAL SACK MARKETS……………………………………4-6

IMPORT & EXPORT SCENARIO…………………………………………………………6

LIMITATIONS ……….………………………………………………………………………6-7

PRODUCT INFORMATION………………………………………………………………..7

FUTURE OF HDPE BAG INDUSTRY……………………………………………………8

MARKET GROWTH ANALYSIS…………………………………………………………..8-10

CHAPTER 2

COMPANY INTRODUCTION

COMPANY PROFILE ……………………………………………………………………11

ABOUT THE COMPANY……………………………………………………………….. 12

MISSION VISION AND VALUE ……..………………………………………………….12

PRODUCTS OFFERED……………………………………………………………….13-16

SWOT ANALYSIS………..……………………………………………………………….17

PESTEL ANALYIS………………………………………………….………………….18-19

PORTER’S FIVE FORCES MODEL……….…………………………………………19-25

GROWTH STRATEGY OF THE COMPANY…………………………………………25-26

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 PART 1 INTRODUCTION TO THE STUDY

ORGANISATION STUDY – AN OVERVIEW

Organizational study also known as organizational science tells about the systematic study and
knowledge of how people or employees behave within the organisation. It is known to be the interaction
that happens with all the departments of the organisation and understand about the working condition. It
is a systematic study of how an organisation success with the help of employees and various
department in the competitive world. Whenever people interact in an organisation many factors comes
into role. Many ups and downs will rise in an organisation; this

organizational study helps to know how the negative vibes are reduced. Organizational study is not only
about the study of an organisation but also to learn the roles & functions of an individual department in
an organisation.

OBJECTIVE OF THE STUDY

The organization study was carried out in Priya Poly Sack, Bangalore is to achieve the following specific
objectives:

1. To study the Overall performance of the organization.

2. To understand the growth and diversification strategies, portfolio Structure of the Organization.

3. To familiarize with the organization structure.

4. To understand how decisions are made at various levels of management.

5. To conduct a SWOT analysis of the organization.

Plastic industry in India

Plastic industry is making significant contribution to the economic development and growth of
various key sectors in the country such as: Automotive, Construction, Electronics, Healthcare,
Textiles, and FMCG etc.
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Its demand has been growing rapidly at ~10% CAGR to reach 10 Mn TPA by FY13. India is
currently net importer of PolyEthylene (PE), however with the commissioning of IOCL plant at
Panipat, the imports are expected to go down significantly.

India observes significant regional diversity in consumption of plastics with Western India
accounting for 47%, Northern India for 23% and Southern India for 21%. Bulk of the consumption
in Northern India is from end use industries of Auto, packaging (including bulk packaging),
plasticulture applications, electronic appliances etc. which are concentrated mostly in UP and
Delhi- NCR (>50%).

However, plastic processing in other parts like Rajasthan, Punjab, Haryana, Uttarakhand, J&K and
Himachal Pradesh are expected to grow based on increased availability of feedstock and higher
focus on manufacturing sectors.Northern India is said to have an inherent disadvantage of being
away from ports hence a difficult target for low cost supply of plastics through import.

INDUSTRY PROFILE

Polymers are a large class of materials consisting of many small molecules (called monomers) that
can be linked together to form long chains, thus they are known as macromolecules.
A typical polymer may include tens of thousands of monomers. Because of their large size,
polymers are classified as macromolecules.

In the late 1830s, Charles Goodyear succeeded in producing a useful form of natural rubber
through a process known as "vulcanization." Some 40 years later, Celluloid (a hard plastic formed
from nitrocellulose) was successfully commercialized. Despite these advances, progress in
polymer science was slow until the 1930s, when materials such as vinyl, neoprene, polystyrene,
and nylon were developed. The introduction of these revolutionary materials began an explosion in
polymer research that is still going on today.

DESCRIPTION
Polypropylene is lightweight thermoplastic polymer that provides raw material for manufacturing
various textiles, containers, equipments, and components and is used in various industrial
applications
also. In other words, it is a kind of thermoplastic resin that is hard and tough and also can be
converted
into fibers and moulded articles.
Polypropylene is made from the polymerization of pure propylene gas at low temperature and
pressure.

3
This polymer is known for its unique features such as anti rusting, good insulator, low density,
highly
crystalline, high resistance to fatigue and a high melting point. It is also known as a saturated
polymer.
Polypropylene is a type of plastic polymer that is mainly used in packaging and moulded articles.
The
polymer was discovered much after polyethylene but even though; it gained much importance and
rose
up to the level in context of popularity. Since it has been discovered, until now, it has made its
mark into
the daily routine activities of the masses.
In woven sacks industry production takes places from using HDPE (hydro polyethylene) and
PP(propylene)of plastic contents the cost incurred in producing both the raw materials are
more or less same but most of the companies are producing pp raw materials for its production
purpose because its abundance availability in the market and number of suppliers are more.
In India woven sacks industries are providing employment opportunities over 1 million people.
However the industry is growing tremendously due to quality packaging capabilities this
industry approximately contribute to GDP of the nation around 0.12%.

Top vendors in the global packaging sacks market

Global-Pak Inc.

One of the leading providers of packaging solutions, Global-Pak Inc., provides bulk packaging
materials like bulk bags, small packaging bags, woven polypropylene bags, roll-off container liners,
pails, plastics, and multi-wall bags. Founded in 1998, the company has a strong distribution chain
in North America.
 

Hood Packaging

Based in Ontario, Hood Packaging manufactures high quality packaging material. The company
provides packaging solutions for construction, animal and livestock, wood products, dairy goods,
food and beverages and many other related industries. All of the company’s packaging materials
are highly customized, keeping the specific requirements of the end-user (industry) in mind.
 

LC Packaging

4
Founded in 1923, LC Packaging started off as a provider of jute bags and today has emerged as
an importer, distributor and manufacturer of flexible packaging solutions for agro-products. Its
products include woven sacks, plastic & paper bags, films and punnets, as well as jute and
ventilated big bags.
 

Mondi

Based in Gauteng, South Africa, Mondi Packaging is an international group with major operations
in Central Europe, North America, South Africa and Russia. Mondi provides consumer goods
packaging, industrial bags, container boards, and corrugated packaging.. In September 2015, the
company acquired Ascania nonwoven Germany GmbH, a provider of nonwoven fabrics and
nonwoven composites that are used for personal care products.
 

Sonoco

Sonoco is a global provider of industrial products, consumer packaging, protective solutions and
display and packaging services. IPS or “Innovative Packaging Solutions” is the company’s
trademark feature, catering to the packaging needs of various industries. Based in South Carolina,
Sonoco operates in 34 countries and has customers from 85 nations across the globe.
 

Wenzhou SMOO Bags

The leading packaging company in China, Wenzhou SMOO Bags manufactures plastic woven
bags. The company’s flexible packaging solutions serve the chemical, plastic, and the package
and textile industries. Wenzhou owns the Plastic Weaving Technical Development Centre and
more than 16 sub-plants. Its primary products are Polypropylene Woven Bags, PP Woven Bags
and Non-Woven Bags.
 

TMR Woven Bags and Sacks

Based in Australia, TMR Woven Bags and Sacks specializes in paper and plastic packaging
products. From basic labelling to complex photo imaging, the company’s packaging solutions are
highly customized.
 

5
Lincon Polymers

Based in Gujarat, India, Lincon Polymers is engaged in the manufacture, export, and supply of
flexible packaging solutions. BOPP woven laminated bags, PP/ HDPE woven fabrics & bags and
LDPE liner bags are some of its most sought-after packaging products. An ISO 9001:2008 certified
company, Lincon Polymers’ products are used for packaging chemicals, textiles, agro-products as
well as chemicals and fertilizers.
 

Greif

Founded in 1877 and based in Ohio, Greif is one of the oldest packaging companies. Its packaging
solutions include rigid industrial packaging, flexible products and services, paper packaging,
and industrial packaging accessories. The company is known for its innovative packaging solutions
and commitment to sustainability.
 

El Dorado Packaging

A leader in multiwall and consumer bag packaging products and services, El Dorado Packaging
was founded in 2014. The company manufactures sewn open mouth and pinch bottom bags,
along with self-open square (SOS) packaging, WPP packaging, and bulk packaging products.
 

Bemis

Based in the U.S., Bemis provides flexible as well as rigid plastic packaging for food, consumer
products, medical and pharmaceutical companies. Currently located in 12 countries, Bemis is
consistently working to provide sustainable solutions that help protect the environment and the
global community

Import- export scenario

India is overall deficit in plastics and a lot of these materials are imported to cater the unmet
domestic demand. The major import source countries are Saudi Arabia, Qatar, UAE, Korea, USA,
Singapore, Thailand, Germany, Spain and Malaysia.

As reflected in Figure 9, India is deficit in PE, PVC and engineering plastics. In FY13, ~2.3 Mn
TPA of PE was produced while domestics consumption was ~3.4 Mn TPA. In case of PVC, the
FY13 domestic demand stood at 2.1 Mn TPA and the domestic production was 1.2 Mn TPA.
6
Polyamides consumption was 54,000 TPA, while domestic production was 13,000 TPA. Other
major engineering plastics were imported.

Few Plastics materials are produced in surplus and these materials are exported to international
markets. Major export destinations are China, Egypt, UAE, Turkey, Vietnam, and Indonesia. In FY
13, Indian production of PP stood at 2.5 Mn TPA while demand was 2.1 Mn TPA only. Similarly
domestic demand for PS/EPS was 340,000 TPA, while production was 400,000 TPA.

Limitations for this industry sector

1.Addressing environmental myths

2.Technology needs: While the usage and benefits of plastics are manifold, it invariably gets
branded as a polluting material. The myth regarding the polluting characteristic of plastics needs to
be addressed. Plastics are chemically inert substances and they do not cause either
environmental or health hazards.

If plastics can be collected and disposed of or recycled as per laid down guidelines/rules then the
issue of plastic waste can be suitably addressed. In fact there is wide scope for industries based
on re-cycling of plastics waste. Technology needs are not particularly pertinent only to Northern
India; they are the common need across India.

The Indian Plastic processing industry has seen a shift from low output/low technology machines
to high output, high technology machines. There has been some major technological advancement
of global standards leading to achievements like; World's largest integrated Clean Room FIBC
manufacturing facility World's largest water tank manufacturer in India. The Indian market is world
largest market for rotomolded water tanks.

However, India's technology needs are critical in areas like high production and automatic blow
moulding machines, multilayer blow moulding, Stretch/ Blow Moulding Machines, specific projects
involving high CAPEX like PVC calendaring, multilayer film plants for barrier films, multilayer Cast
lines, BOPP and Nonwoven depend solely on imported technology/machinery. Other technological
needs are: Multilayer blown film line up to 9/11 layers Automatic Block bottom bags production line
Higher tonnage Injection Moulding machine >2000 T Higher tonnage >500 T all electric Injection
Moulding machines

3. Price pressure: The profits of plastics processing industry is facing tough times because of
increased & volatile input prices. Increase in crude oil prices along with the continuous fall in rupee
value has led to lower profits in spite of higher volume realizations.

7
 Introduction about the product

High-density polyethylene (HDPE) or polyethylene high-density (PEHD) is a thermoplastic

polymer produced from the monomer ethylene. It is sometimes called "alkathene" or "polythene"
when used for HDPE pipes.[1] With a high strength-to-density ratio, HDPE is used in the production
of plastic bottles, corrosion-resistant piping, geomembranes and plastic lumber. HDPE is
commonly recycled, and has the number "2" as its resin identification code.

In 2007, the global HDPE market reached a volume of more than 30 million tons. [2]

HDPE is also used for cell liners in subtitle D sanitary landfills, wherein large sheets of HDPE are
either extrusion welded or wedge welded to form a homogeneous chemical-resistant barrier, with
the intention of preventing the pollution of soil and groundwater by the liquid constituents of solid
waste.

HDPE is preferred by the pyrotechnics trade for mortars over steel or PVC tubes, being more
durable and safer: HDPE tends to rip or tear in a malfunction instead of shattering and becoming
shrapnel like the other materials.

Milk bottles, jugs, and other hollow goods manufactured through blow molding are the most
important application area for HDPE, accounting for one-third of worldwide production, or more
than 8 million tonnes.

Above all, China, where beverage bottles made from HDPE were first imported in 2005, is a
growing market for rigid HDPE packaging, as a result of its improving standard of living. In India
and other highly populated, emerging nations, infrastructure expansion includes the deployment of
pipes and cable insulation made from HDPE.[2] The material has benefited from discussions about
possible health and environmental problems caused by PVC and polycarbonate associated
bisphenol A (BPA), as well as its advantages over glass, metal, and cardboard. HDPE is quick.

8
 Future of the HDPE bags industry

The HDPE/PP Woven Sack Industry has come a long way in terms of scope of work and
functionality of products. From Industrial Sewing Machines to Hydraulic Circular Looms, the
industry has added several ergonomically designed items from time to time. As far as the circular
looms and cheese pipes are concerned, the future seems to be quite opportunistic as these
products have become extremely vital to manufacturers and traders of not only HDPE/PP Woven
Sack Industry, but also other allied industries. As one of the leading suppliers and exporters of
industrial machinery and spares, Armstrong invests in unmatched quality, expert engineering, and
easy availability of spares for circular looms and cheese pipes in order to make as well as serve
the most to the burgeoning progress of circular looms industry!

Multinational companies are expected to focus on Middle-East region as growing demand for
polypropylene woven bags and sacks is expected from construction and building industry of the
region. However sales of polypropylene woven bags and sacks across agricultural industries is
anticipated to overshadow sales in the construction and building industry. Environmental hazards
related to PE (polyethylene) has spurred the adoption of polypropylene woven bags and sacks as
comparatively sustainable alternative. Rapid inroads flagged by retail industry in FMCG (fast-
moving consumer goods) sector has resulted in increasing retail outlets that is likely to bode well
for expansion of polypropylene woven bags and sacks market.

Ban on the thin-film plastic bag is rigorously fuelling the demand and adoption of the polypropylene
woven bags and sacks. Key players are increasing their focus on increasing manufacturing of
polypropylene woven bags and sacks in order to prevail as reliable manufacturers of the custom
woven fabric. However, factors such as environment, strength and cost continues to dwarf
polypropylene woven bags and sacks from its non-laminated polypropylene woven bags and
sacks. Existing regulatory framework regarding manufacturing and usage of polypropylene woven
bags and sacks is expected to hinder the growth of market in developed regions such as Europe
and the U.S.

Market Growth Analysis

Polypropylene is also recognized as polypropene and which is a thermoplastic polymer which is

used in various industries that include packaging and labelling, reusable containers, textiles,

9
stationery. The polymer which is made from monomer propylene are used for acids and chemical
solvents.

The global plastic packaging market primarily includes of packaging for food and beverages ¬
which accounts nearly 70% packaging which is processed by polymers, remaining 30% polymer
packaging covers of cosmetics, chemicals & fertilizers, and medical products.

Polypropylene Woven Bags & Sacks have become popular due to their inertness towards
moisture, chemical & exceptional resistance towards rotting & fungus attack as they are nontoxic
which is also lighter in weight and is more advantages than conventional bags. Polypropylene
Woven Bags and sacks laminated with LDPE/PP liner have wider applications.

Global Polypropylene Woven Bags & Sacks Market: Segmentation

Global Polypropylene Woven Bags & Sacks Market: Regional Outlook

On the basis of the geographical market segment, it is segmented into seven different regions:
North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region,
Japan and the Middle East and Africa.

In Regional segments, the USA and Germany are the biggest markets for polypropylene woven
bags & sacks industry. Asia-Pacific is anticipated to grow its position during the forecast period for
polypropylene woven bags & sacks market mainly due to the developing economies like India and
China as the spending by middle-class consumers is rising and rapid pace of urbanization.
Moreover, the market growth is attributed to the lifestyle across the developing regions and rising
per capita income are also the factors which are boosting Global Polypropylene Woven Bags &
Sacks Market. The Market for Global Polypropylene Woven Bags & Sacks is also rising in
emerging markets like South Africa, East European regions over the forecast period.

Owing to polypropylene woven bags & sacks contribution in various commodities which are
associated with day to day life of human it can be anticipated that market of polypropylene woven
bags & sacks is expected to grow substantially over the forecast period.

Global Polypropylene Woven Bags & Sacks Market: Drivers and Restraints

The Polypropylene Woven Bags & Sacks Market is expected to witness sustained growth over the
forecast period. The growth of the Polypropylene Woven Bags & Sacks market is driven as there is
favorable growth in the packaging industry is a major factor which will boost the global
Polypropylene Woven Bags & Sacks market. Increasing economies, the rising population, and the

10
subsequent disposable income of people are the main drivers for augmented opportunities in
developing countries.

Polypropylene Woven Bags & Sacks are used for packaging of a range of products like fertilizers,
sugar, cashew nuts, chemicals, maize, animal feeds, and numerous other products. Manufacturers
of polypropylene woven bags & sacks on producing biodegradable bio-based polypropylene
woven bags & sacks which can be easily recycled so that they do not pose risk to the environment.

Global Polypropylene Woven Bags & Sacks Market: Key Players

Some of the players operating in the Polypropylene Woven Bags & Sacks Market includes
Berry Plastics Inc., Da Nang Plastic Joint Stock Company, Shrijikrupa Polypack Pvt. Ltd.,
Abdos Polymers Ltd., Umasree Texplast, STP Group, Hanoi Plastic Bag JSC. and Mondi plc
and many other regional players. Manufacturers are investing in R&D and also focusing on
different strategies to maintain their market share in the global Polypropylene Woven Bags
& Sacks market.

The research report presents a comprehensive assessment of the market and contains thoughtful
insights, facts, historical data, and statistically supported and industry-validated market data. It also
contains projections using a suitable set of assumptions and methodologies. The research report
provides analysis and information according to categories such as market segments, geographies,
type of product and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by

industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and
governing factors along with market attractiveness as per segments. The report also maps the
qualitative impact of various market factors on market segments and geographies.

Commodity plastics comprising of Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride

(PVC) and Polystyrene account for bulk of the plastic consumption in India. India has ramped up
its production capacity for plastic to reach 2.9 Mn TPA for PE, 3.7 Mn TPA for PP and 1.3MnTPA
for PVC. IOCL Panipat refinery has been a game changer for North India and along with
commissioned HMEL Bhatinda plant and upcoming GAIL capacity expansion at Auriya it will
increase the supply of plastics in Northern India.

With increased supply of plastics, the focus should now be on the downstream plastic processing
industries and how do they grow profitably. There are several factors like low per-capita
consumption, manufacturing focus, end use industry growth, availability of feedstock, increasing
11
urbanization, changing lifestyle, demographic dividend etc. promoting growth of plastic across
India.

However specific to Northern India we observe a lack of planned downstream plastic processing
plants within the region and near-by regions of Eastern India to make use of these factors. Spill off
benefit of promoting plastic processing is the huge inherent employment potential. Many
application areas of plastics also have overlaps that make market driven material substitution a
good possibility.

There are strategic objectives driven by part consolidation and sustainability compulsions by the
user industry that have made material selection converge to a polymer to promote recycling. An
organized development addressing cost effective plastic processing along with streamlining
operations of recycling of plastics could pave a growth path for downstream plastic manufacturers
in Northern India.

Plasticulture, which is in its infancy in India, can significantly benefit agriculture by its wide
applications in all the areas of farming. It can be used to tackle the specific problems faced by
North Indian regions. There exists an opportunity in the same field as the demand of Plasticulture
will rise in order to ensure efficiency and sustainability of agriculture practices.

CHAPTER 2

COMPANY NAME: PRIYA POLY SACK

COMPANY LOGO:

ABOUT THE COMPANY:

12
 PRIYA POLY SACK

Post gaining expertise in this industry, the company has moved its operational focus towards
business expansion in new markets by putting its finance in bringing finest of machinery. The
gradual growth in its volume of operations and increasing knowledge in the field has enabled it to
be a pioneer in its industry sector.

PRIYA POLY SACK is a producer of quality woven sacks, both polypropylene (PP), and high-
density polyethylene (HDPE), for packaging fertilizers in India. It currently caters to almost all the
government companies domestically and has set industry standards in quality and consistency of
the supply of bags.

There is a growing demand for PP fabric for packing various products in the field of fertilizers,
cement, polymers, chemicals, textiles, machinery, automobiles, food grains etc. To cope up with
the growing demand, we successfully process 2000 MT of PP/HDPE granules every month,
translating it to 20 million linear metres of basic PP/HDPE fabric.

The company is one of the reputed manufacturer's of Synthetic Woven Sacks/Fabric and is
regularly supplying bags to all the major cement companies and many other reputed
organizations in India and also exporting the same on a regular basis.
Manufacturing unit is having well equipped chemical and physical laboratory to monitor the
quality of the product. Besides the sophisticated plant and machinery and the matching in-plant
working environment, organization is managed by a team of dedicated and well experienced
technocrats who believe in excellence of the product

Priya poly sacks is a leading supplier of Pp FIBC, Jumbo Bags, and Woven Sacks. The
Organization is proud to be esteemed supplier of many customers around the world with the
primary goal to meet their clients requirement and establish mutually pleasant business
relationships with them. The sacks are used to pack cement, food grains, sugar, seeds, branded
products, pulses, chemicals, resins etc. offer circular or flat fabric to be converted to sacks or
bags at customer's end or to use as over wrap for textile packing, upholstery, for carpet backing,

Type of company RECYCLED PLASTIC SACKS

Company’s Name PRIYA POLY SACK
Founded 1 APRIL 2008 IN BANGALORE
Founders PARAS BAID

Headquarters BANGALORE, KARNATAKA, India

Product HDPE WOVEN SACKS, BOPP SACKS,

13
 STITCHING YARN

Number of employees 20-25

Revenue Rs 2-5 crores (2019)
Email ID Priya.poly@yahoo.in

MISSION

Design, Develop, manufacture, market and Support quality products which are at the Leading
edge of price and performance, to provide satisfaction to the customers by ensuring functionally
good products, cost economy and reliable service.

VISION

To build a growth–oriented profitable and Reputed organization striving hard for Transforming
innovations into actions.

Objectives of the Company

 Profit Maximization
 Minimization of Waste
 70%-80% Employment opportunity
 Employee Welfare
 Creating social Responsibility
 Learning and development
 Family focus
 Hygienic factors

Top Domestic Manufacturers

 GAIL.

14
  GE Plastics India.
 Haldia Petrochemicals.
 IPCL.
 Karnataka Petrosynthese Limited.
 NOCIL.
 Reliance.
 Supreme Industries

International Manufacturers

 Exxon Mobil.
 Honam Petrochemicals.
 Hyndai Petrochemicals.
 Samsung.
 Shell.
 Dow Chemicals.

PRODUCTS OFFERED

Industrial Bags
The Industrial bags offered by us are available in a gamut of
sizes and shapes, that is widely used for transport and storage of
building material like rubble, stones, sand and many more. These
bags are manufactured using superior quality raw material
procured from trusted vendors. Our industrial bags are highly
result-oriented and are appreciated for their various distinctive
attributes like excellent durability, perfect stitching, & high heat
resistant. Furthermore, these can be customized as per the
demands of clients’ at industry leading prices.
 
 
15
 
 
 
 
 
HDPE Bags and PP Bags
We are engaged in offering a wide range of HDPE / PP Bags that
is manufactured using quality raw material, sourced from trusted
vendors of the industry. These are available in various sizes &
other specifications and are widely used in fulfilling various
packing requirements of products like food grain, cement,
fertilizer, and powder chemicals. The entire range of HDPE / PP
Bags offered by us is highly appreciated for its various features
like wear & tears resistance, flawless finish, and durability.
 
 
 

 
 
Ld Bags
We are engaged in manufacturing an extensive range of LD Bags
that is manufactured using quality raw material to ensure
industrial quality standards. Acknowledged for their higher heat
resistance combined with improved stiffness, these are widely
used for packaging of material in various industries like
pharmaceutical, food & confectionery, and cosmetics industry.
The entire range of LD Bags offered by us is available in various
specifications and can be custom made as per the needs &
demands of the clients within affordable prices. Distinctive
Features:
• Eco friendly
• Yield good mechanical & optical properties
• Heat resistance
• Top finish

16
 
 
   

 
 
Cement / Cement Paint Bags
We offer Cement Paint Bags that are precisely made by using
quality raw material to ensure international quality standards. The
entire range of Cement Paint Bags offered by us is available in
both sealed and stretched variety that is used for packaging
purposes in cements industries. These are specifically designed
under the strict vigilance of our quality controllers to ensure
various factors like rain and extreme weather; that could hamper
the quality of the item.
 
 
 
 

 
 
Food and Chemical Bags
Our clients can avail a wide range of Food & Chemical Bags,
which is manufactured using quality raw material, sourced from
trusted vendors of the industry. The entire range of Food &
Chemical Bags offered by us is available in different
specifications and can be customized as per the client’s
requirements at industry leading prices. These are highly
appreciated for their various outstanding features and are
extensively used for the packaging of minerals, chemicals, food,
starch, feed, cement, and other allied products.
 
 
 

17
 
 
HDPE Paper Bags
We are engaged in providing HDPE Paper Bags that are
manufactured using quality raw material, procured from reliable
vendors of the industry. These are available in various colors,
traditional as well as trendy printings and various sizes that can
be customized as per the client’s requirements at industry leading
prices. Our quality range of HDPE Paper Bags is ideal for
packing flour, seeds, grains, sugar, minerals, salts, sands and
fertilizers.

Salient Features:
• High strength
• Eco-friendly
• Bio-degradable
• Perfect finish
 
 

 
 
HDPE Woven Sack bags with Flexo Printing
Our clients can avail a complete range of HDPE Woven Sacks
Bags with Flexo Printing. These bags are manufactured using
quality raw material and are extensively used in the fine packing
of chemicals, sugar and fertilizers. The entire range of HDPE
Woven Sacks Bags offered by us is widely demanded by our
esteemed clients due to its superior quality and excellent
durability. These bags available in a variety of sizes and shades
that can be customized as per the clients' demands at cost
effective prices.

Our range includes:

• High Density HDPE Woven Bags
18
• High Density Polyethylene (HDPE) Woven Sacks
 
 

 
 
Leno Bags
We are the renowned Manufacturer, Supplier of a qualitative
range of lino net bags. Having high tensile strength, these bags
serves as excellent packaging material. Available in various
colors and sizes, these are light in weight, eco-friendly and neatly
stitched. These bags are safe for carrying various items and can
also be custom designed exactly according to the specifications
detailed by client.
 

19
 SWOT ANALYSIS

Strength

 Growing industrialization in India, leading to more demand of sophisticated packaging by

end customer.
 The demand is directly related to demand of end product so till time a new better material
does not come to replace the position is safe.
 New big player entering the market.

Weakness

 Training required for handling.

 Reservation of jute packaging in food grains and other sectors which can be a rich market.
 Manufactures lack commercially viable units.
 Low resale value.
 Resale only possible 2-3 times.
 Stack ability height less than jute.
 High capacity production required in order to earn profit.

Opportunities

 Exports provide a sound market.

 Poor showing of jute industry.
 Increasing production of cement, fertilizers etc.
 Food grain sector can be a huge market.

20
Threats

 Poor quality of product might affect good export potential

 International fluctuation in petroleum products affects industry
 Criticism from certain sector of society as being dangerous to environment
PESTLE ANALYSIS

21
 PESTLE ANALYSIS

Political

22
The rise of anti-plastic has been widespread rapidly around the globe (Clapp & Swanston, 2009).
With the government regulation of banned usage of plastic bags, it has quickly impacted many
cities and towns. With this regulation, it reflects a shift from traditional plastic to biodegradable
plastic hence, organizations have mainly focused on biodegradable plastic because they believe
that it is harmless to the environment as it helps to promote environmental awareness (Daily
Express, 2017).

Technological

With the help of advanced technology, we are able to create environmentally friendly plastics, (1)
Bioplastic (2) Biodegradable Plastic. Unfortunately,  bioplastic is not the full alternative due to
complicated intermediary steps of production which are costly (Phys.org, 2015). Therefore,
organizations choose to promote greenery by using the cheaper alternative which is biodegradable
plastic, as bioplastic that is made out of natural materials (corn & potatoes) can cost 10 times more
compared to traditional plastic.

Environmental

Both plastics can still be degraded, but Woodford (2017) reported that when bioplastic breaks
down, they do not generate a net increase of carbon dioxide, which is 70% fewer greenhouse
gases to be exact, contrasted to biodegradable plastic and traditional plastics. Bioplastic is made
from natural materials while biodegradable plastic is made from traditional petrochemicals.
Therefore, biodegradable plastic is more harmful as the methane is released into the atmosphere
when it is degraded in the landfill. Indeed, when the methane is captured, it is a valuable energy
source (North Carolina State University, 2011). Gilson (2009) stated that methane will release 23
times more potent than carbon dioxide when biodegradable plastic breaks down in the landfill.

Social

Most organizations have imposed the biodegradable trend because 88% of consumers think that
it is vital, and about half of the consumer prefer biodegradable packaging (Christensen, 2009.
“Bioplastics are the most recyclable plastics and we don’t really talk about it”. The reason is
basically on the grounds that a whole new recovery system has to be implemented for the public to
focus on bioplastics, and because of this, it might cause confusion to the public again as they will
need to know what bioplastics are and what it does and how it benefits.

Legal

23
At every stage in the packaging (and product) development process, there is a need to consider
the implications of legislation. Specialist legal advice must be sought, getting it wrong is costly.

Amongst others but not exclusively you need to consider the following regulations:

 Trade Descriptions Act 1968

 Consumer Rights Act 2015
 Packaging (Essential Requirements) Regulations 2015
 Food Labelling Regulations 2014
 Weights and Measures Act 1985; Weights and Measures (Packed Goods) Regulations
2006
 Trade Marks Act 1994
 Copyright, Designs and Patents, Intellectual Property, Registered Designs and
Confidentiality Agreements
 Environmental Protection Act (Primary Legislation) 1990
 Producer Responsibility Obligations (Packaging Waste) Regulations 2012 (as amended)
 Packaging (Essential Requirements) Regulations 2015
 Integrated Pollution Prevention and Control Regulations
 (EC) directive 2008/1/EC

Environmental

An environmentally responsible pack is one that gets the product from production to consumption
with minimum use of materials and energy, generating the least amount of waste.

It is of secondary importance whether it is:

 Degradable or inert
 Derived from renewable or non-renewable resources
 Capable of being refilled or not
 Easy or difficult to recycle.

24
 PORTER’S FIVE FORCES MODEL

1. BARGAINING POWER OF SUPPLIERS

2. BARGAINING POWER OF BUYERS

3. INDUSTRIAL RIVALRY

4. ENTRY OF NEW ENTRANTS

5. THREAT OF SUBSTITUTES

25
 BARGAINING POWER OF SUPPLIERS:
o Generally, supplier power is investigated through concentration of supplier, volume
importance to supplier, differentiation of inputs and switching costs of firms in the
industry.
o A few factors which increases the supplier powers are (a) presence of few suppliers
(b) presence of large no. of purchasers (c) high costs of switching suppliers. Supplier
power is highly reinforced when a supplier has control over prices. There are a large
no of small firms with a variety of product differentiation.
o Due to the wide applicability nature of plastic in a variety of spheres, there is a great
variety in demand also. To cater to this diverse demands, there are some firms
focusing on producing a single product with features making it suitable for only a
specific usage.
o Also there are some firms producing a product with wide application areas. Last but
not the least, there are also firms that are producing two or more related products
that serves as raw material to produce a finished product in another firm.
o The Indian plastic industry is essentially an oligopolistic market. The polymer
manufacturers and the equipment manufacturers are the suppliers for the plastic
processors.
o But there are huge no of equipment manufacturers which are also small firms and
since there are large no of plastic processors, competition is fierce as firms are small
in size they operate in small volume, hence no of orders are equally important for
maintaining the bottom lines. As regards to switching costs, the figures are high for
switching polymer manufacturers because of their small no but low in case of
switching equipment manufacturers due to the presence of small manufacturers in
large nos. Thus its clear already by now the fact that in the plastic industry, the
polymer manufacturers because of their huge nos. have low control in pricing their
products.
 BARGAINING POWER OF BUYERS:
o Due to the wide applicability of plastic in every industry, it is evident that buyers in
this industry are huge and they range from small to big sized firms. The end user
industries for plastic are Agriculture, Infrastructure, Electronics, Packaging and
Automobiles. Each of these is again a vast sector encompassing several areas
requiring plastic usage. In this case, buyers power is largely determined by firm size
and its scale of operation.

26
 o Because if a firm is producing a standardized product, in that case its definitely
operating ins volume so that per unit cost is low. This type of firms will definitely have
high bargaining power due to the presence of large no of plastic processors. Also
such a firm will not make tie up with only one plastic processor, as in times of
exigency if the plastic processor fails, then the entire production of the firm will come
to a complete halt and the firm may have to incur huge losses and earn a bad
reputation. In that sense, it can be said that Agriculture , Infrastructure and
Packaging have low to medium bargaining power whereas automobiles and
electronics have high bargaining power.
 INDUSTRIAL RIVALRY:
o Since a large chunk of the plastic processors are lying in the small and medium scale
range of industries, hence internal rivalry is very high. Though its also a fact that
there are wide variety of plastic that are produced, each one with a different feature
and hence different application oriented, still the variety is not sufficient to wipe out
the competition and enable each producer to cater to single variety having a single
consumer.
o Though the industry is not stagnant but due to the presence of large no of small
players it becomes mandatory for bigger ones to steal business from their smaller
counterparts in order that the bigger ones wants to expand their output. Also due to
the divergent nature in the scale of operation, firms have different cost structures.
 ENTRY OF NEW ENTRANTS:
o As the no of entrants grew in an industry the net market demand gets distributed
among them resulting in the eroding away of profits of the existing players in the
concerned market. Due to the fragmented nature of the plastic industry, sometimes
new entrant faces difficulty in case that it does not achieve a substantial market
share to reach the minimum efficient scale, it usually stands at a cost disadvantage.
o Due to the unorganized nature of the industry, many players will want to enter the
industry to enjoy the established market and reap advantages of economies of
scope. Also the SSI policy of the Govt have given a tremendous boost to this kind of
initiatives by small players by declaring its reservation policy and also exempting it
from several kinds of taxes.
o Thus on one side it is evident that any player can make a smooth entry into the
market as also highlighted by the fact that higher product differentiation is possible in
this plastic industry due to the diverse and enormous usage potential this material
possess.

27
 o But at the same time after entry getting business is really tough since there are small
firms but in huge nos. with limited capital. So if a big firm enters, it can wipe out the
market share and profit margins of a no of small players as its having sufficient
capital to spend heavily on promotional and advertising activities along with huge
investments in R & D to discover and launch new products.
o Also consumers generally value reputed brands so its also essential in this industry
for a new entrant to invest heavily to establish a strong brand reputation and
awareness. Producers who are diversifying into the above industry from some other
related segment have better chance of success than completely new entrants.
o Another challenge foe a new entrant is the experience curve effect due to which
existing players enjoys significant cost advantage but the new entrant stands at a
cost disadvantage.
o Access to raw materials, technological know-how, key-inputs are however difficult for
a new entrant as the industry is already having few big players and several small
players already engaged in competition.
o Thus each of them is having contracts with a fixed set of suppliers as well as
customer base, thereby indicating the fact that its very difficult for a new entrant in
this scenario to steal business from existing players.
o Thus only big firms can enter this kind of market having sufficient capital at hand. As
for the existing small firms therefore the threat is high and might prove damaging to a
large extent.
 THREAT OF SUBSTITUTES:
With the growing alertness against the use of plastic in daily life at an
alarming rate, there is a threat of close substitutes. The following gives a brief outlook on such
threats:
 GLASS: This is a very close substitute coming up in the market. Although with the growing
awareness against the use of plastic, still it seems that human beings will have a tough time to
live without it but nowadays there are materials that can make this possible. Quite often,
plastics contain bisphenol A (BPA) or phthalates which helps in making it shatterproof, durable
& flexible thereby enabling its usage in baby bottles, compact discs, storage containers and
toys.
o This substances can cause malfunctioning of the body’s endocrine system leading to
hormonal, developmental and reproductive problems. Thus the usage of glass , which is
devoid of such harmful chemicals, is highly recommended.

28
 PHB BIOCOMPOSITES: Recent researches have invented a substance which is completely
biodegradable and environment friendly and can replace plastic because of similar properties
and usage domain. Chemically, it is a modified form of polyhydroxybutyrate (PHB).
o Natural fermentation process of bacterias produce polyhydroxybutyrate ,an energy and
carbon source and this new substitute is a chemical modified form of PHB and hence
the name. It is quite similar to polypropylene. It can be used in packaging, agriculture
and biomedical products.
o 3. LIQUID WOOD: Prepared from pulp based lignin is another substitute called Liquid
wood with biodegradability and comparable properties is a promising new bioplastic, or
biopolymer. Lignin is mixed with water and exposed to high temperatures and high
pressure to create a moldable composite material that's strong and nontoxic, making it a
goodplastic substitute. This has been used to manufacture a variety of items including
toys, golf tees and even hi-fi speaker boxes in Germany.
o 4. ECM BIOFILM: An additive invented by ECM Biofilms. Inc when added as an
ingredient in polyolefin packaging and products makes those products biodegradable.
The resulting plastic produced with this additive in the process is insensitive to heat or
light degradation; this gives it a long shelf life. However, it completely biodegrade into
the soil between 9 months and5 years. Hence, single-use plastics such as disposable
diapers, trash bags and food containers (including fast-food containers) could be a little
more environmentally friendly due long shelf life and reusability.
 POLYACTIDES (PLA): Polylactides (PLA) are corn-based plastics having better properties
than the real plastic. For Example: (a) Decomposability: < 47 days(b) No smoke when burned
(c) Approx. 20 to 50 percent lesser usage of fossil fuels in their production than petroleum-
based plastic.
 Food storage containers as well as general consumer goods storage can be made from this. If
Walmart used 114 million PLA containers a year, company executives estimate they could
save 800,000 barrels of oil each year.
 Corn starch bags because of above properties could be a complete substitute to petroleum-
based plastic bags .So its evident that in view of the growing anti-plastic campaign
accompanied by innovative research pose a serious threat to plastic as far as substitutes are
concerned.

GROWTH STRATEGY OF THIS COMPANY

29
Global plastic bag and sack market is expected to grow at a significant CAGR in the upcoming
period as the scope and its applications are rising enormously across the globe. Plastic bag and
sack constitute a type of flexible packaging made of flexible, thin plastic film. It is exclusively used
for transporting and containing waste, foods, chemicals, powders, ice, and others. The factors that
are playing a major role in the growth of plastic bag and sack market are rising demand from
supermarkets for their brand promotion, high demand from retailers due to high printability,
growing demand for customized printing, and rise in purchasing power and disposable income of
customers. However, government strict policy against plastic bags & sacks may restrain overall
market growth in the years to come. Plastic bag and sack market is segmented based on product
type, material type, application, and region. Woven sacks, t-shirt bags, rubble sacks, gusseted
bags, trash bags, lay flat bags, and other product types could be explored in plastic bag and sack
in the forecast period.

The biodegradable and non-biodegradable are the material types that could be explored in plastic
bag and sack in the forecast period. Biodegradable sector comprises starch blends, polylactic acid
(PLA), polyhydroxyalkanoates (PHA), and others. On the other hand, non-biodegradable sector
comprises polystyrene (PS), high-density polyethylene (HDPE), polypropylene (PP), low-density
polyethylene (LDPE), linear low-density polyethylene (LLDPE), and others. The non-biodegradable
sector may account for the significant market share of plastic bag and sack and is estimated to
lead the overall market in the years to come. The reason could be abundant availability and cost-
effectiveness of the material. In addition, the biodegradable sector is estimated to grow at the
fastest pace in the years to come.

The market may be categorized based on applications like industrial, retail & consumer,
institutional, and others could be explored in the forecast period. The institutional sector comprises
hospital & healthcare facility, hospitality, and others. Retail & consumer sector comprises clothing
& apparel, grocery products, food & beverage, and others.

Top ten countries of plastic bag and sack market are Tanzania, Egypt, Sudan, Ethiopia, South
Africa, Ghana, Senegal, Morocco, and Nigeria. The key players of plastic bag and sack market are
Inteplast Group, Berry Plastics Inc., SPhere Group, Novolex Holdings, Inc., Polykar Industries Inc.,
Mondi Group, PLAST-UP, Ampac Holdings, LLC, BioBag International AS, and International
Plastics Inc. These players are concentrating on inorganic growth to sustain themselves amidst
fierce competition. The report package Global Plastic Bag and Sack Market to 2022 - Market Size,
Development, Top 10 Countries, and Forecasts offers the most up-to-date industry data on the
actual market situation, and future outlook for plastic bags and sacks in the world and in the top 10
30
global countries. Along with a global plastic bag and sack market report the package includes
country reports from the following countries: Canada, China, France, Germany, India, Italy, Japan,
South Korea, United Kingdom, and United States. The research includes historic data from 2011 to
2017 and forecasts until 2022 which makes the reports an invaluable resource for industry
executives, marketing, sales and product managers, consultants, analysts, and other people
looking for key industry data in readily accessible documents with clearly presented tables and
graphs.

31
 CHAPTER 3

ORGANIZATIONAL DESIGN

Directors & Key Management Personnel

PROMOTOR DIRECTORS
1) SHRI. PARAS BAID
2) SHRI. PRASHANT BAID

PROFESSIONAL DIRECTORS
3) SHRI.SOUNDARARAJAN
4) SHRI.P.T. RANGAMANI
5) SHRI.A.P. VENKATESWARAN
6) SHRI. NIKHIL BAID
7) SHRI SANJAY AGARWALLA
8) SHRI. V. KIRUBANANDAN

CHIEF EXECUTIVES
Shri Ram Babu - General Manager (Rolling Division)
Shri Dinesh Goyal - General Manager (Ingot division)
Mrs. Uma - DGM (F&A)
Shri K.Anantheeswaran - Billet division)
Shri A.P.Harish - President (Operation)
Shri K.Chakraborthy - General Manager (Works)
Shri Sandip Lahurawalla – General Manger Exports
Shri J.M.Manohar - Manager Exports
Shri Murari Lal Sharma - General Manager Raw materials
Shri.V.Padmanaban – General Manager Marketing

AWARDS AND ACHIVEMENTS

Export House
State Award For Excellence In Exports From Government Of Karnataka For The Period 1995 –
32
1996

State Award For Excellence In Exports From Government Of Karnataka For The Period 1996 -
2000

AIFTMA Export Award 1997 – 1998

All India Flat tape Manufacturers Association From National Association Of Plastics Woven
Sacks Manufacturer For Excellence In Exports For Medium /Large Scale Sector For The Year
1997 – 1998

AIFTMA Export Award 1998 – 1999 -II

Export Promotion Awards 2000 – 2001
Large /Medium Scale – II
ISO Certified In 2002

Rated by Business Barons As One Among The 1st 500 Most Outstanding Companies In The
Country For The Financial year 2019

33
PRODUCTION DEPARTMENT

Production is the conversion of raw materials into the end product by using processes, machines,
men,

tools, and so on. It is the process by which goods and services are created.

As we study the overall organization we come know that the company is following the Pull System

process of production.

34
PULL SYSTEM

It is a system of production in which products are produced only as they are ordered by customers
or to

replace those taken for use. Or a JIT system.

5 P’S OF PRODUCTION MANAGEMENT

Production management is related with five p’s namely the product, plant, process, programs, and

people.

1. Product:- In the PRIYA POLY SACKS product means woven sacks manufactured by using

polypropylene and hydro poly ethylene and these are plastic raw materials.

2. Plant: The plant is broad concept which is used produce the product. The machineries used to

manufacture the given product are called the plant.

Manufacturing facilities

The company posses world-class manufacturing facilities for production of high quality

Polypropylene (PP) woven fabrics, woven sacks / bags. The machine at the companies facility

incorporate latest technology that provide great flexibility and cost saving in manufacturing

process. The company’s manufacturing facilities include the following :

 Extruder
 Cutting and stitching machine
 Lamination plant
 Woven bags sewing machine

35
  Circular weaving machine
 Hydraulic bailing press for HDPE/PP bags

Extruder:- The company has two advanced range of extruder machines, which are based on latest
European design technology to produce different kinds of yarns in colours. Both the extruders are
based on of Kolsite make produces finest quality of yarn along with environment friendly
operations.

Extruders (PP / HDPE Stretching Lines)

Features:

 Very Fine Quality of Yarns.

 High Flexibility to produce different
 kind of coloured yarns.
 European design technology.
 Make: GCL&WINDSOR
 Capacity:1000 KG/HOUR
 Number of machines:3units

36
Cutting and Stitching machine:

The company use latest model of cutting and stitching machines made by GCL. The new age

machine cuts, bottom folds and stitches the bags or sacks. The complete processing is done just
from the tubular fabric roll. These machines can carry operations like counting, staking and
conveying.

Make: GCL

Type: cutting and stitching machine

An Organization study at PR

Capacity: 3000bags/hrs

Lamination Plant

 “Touch Screen Type” Operation Panel &

 Synchronized System as Standard Equipment
 Line Speed: Max 120 meter/min
 Equipped Auto Roll Changing System

Woven Bag Sewing Machine

The company has installed high speed, double needlewoven sewing machines specially
designed by Arm Strong. The double needles of the machine provides a long lasting stitch.
These machine can efficiently stitch heavy weight material such as HDPE, PP, Multiwall
Papers and other type of woven sacks. The bobbling stitching system of the sewing

37
 machine is designed to enhance the overall production efficiency. Can also use any type of
cotton and synthetic yarns

Features :
 Electrically operated
 Easily convertible in single needle machine
 Easy adjustment of distance between the needles
 Fully automatic lubrication with oil recycling
 Number of machines : 20

Circular Weaving Machine

The new generation circular weaving machine with six shuttle is designed to weave fabric
suitable for a variety of applications like plastic granules/fertilizer/chemicals and smaller
covering fabric/tarpaulin etc. Additionally, these machines have an option to produce Anti-
slip fabric on special request.

Features:

 Type: Circular weaving machine

 Make: GCL
 6-shuttle: 80 looms
 Capacity: 200000 meter/day

38
Hydraulic Bailing Press For HDPE/PP Bags

This is hydraulic bailing press which is used for pressing PP/HDPE bags to minimize the volume
for convenient packaging & transporting. These machines are designed for free shift operation
and can produce different pressure as per the
requirement.

Features:

 Compact hydraulic block

 Overload protection valves
 Push button operation
 Preset bale height table auto stop
 Pressure regulator and gauge
 Emergency brake

3. Process: - There are various processes involved in the Production activity.

39
 Extrusion
 Weaving
 Quality analysis
 Fabric printing
 Cutting
 Stitching
 Bailing

4. Programs: - The programs include the activity concern with the company’s achievement to the
strategic goals of the company the retaining the talented employees the organization.
Since company has started so many years ago it has expanded its business in overall India and its
supplying of goods and services according to the requirements of the customers.

5. People: - People refers to the workers or employees working in the Organization. This company
is
providing the employment mostly to the persons who are having the technical background such as
Engineers, Diploma holder, ITI holders etc and occasionally it provides employment opportunity to
the
Nontechnical persons. It has efficient HUMAN RESOURCE DEPARTMENT to maintain and
nurture the
human relationship with in the organization.

Product portfolio:-

A customer focused, innovative and solution-driven company, it holds expertise in successfully

manufacturing and supplying high quality packaging products. The company is committed to
provide
their clients a one stop packaging solution. The company uses only high grade raw materials such
as
HDPE/PP granules, LDPE/LLDPE granules, master batches and printing ink, for products which
are
procured from reliable and trusted vendors. The products are used for the packing of different
products
such as cement, sand, polymer resins and agro products.

40
The company offers the following:

 PP/HDPE Woven Sacks

 FIBC bags
 Polypropylene Asbestos Bags
 Polypropylene Container Liners
 Polyethylene Liners
 Coated or Uncoated Bags
 Jumbo Bags

Manufacturing Process

PP Woven sacks bags:- The company offers PP woven sacks that are available in a host of
fascinating colors, designs and sizes. These allow sufficient passage of air to the packed items
and can
also be laminated for moisture proof packing of different items. These products ensure the
phenomenon of ‘breathing’ space in packed grains.

Salient features of PP woven bags:-

 Light weight and easy & cheap to transport
 Bright 2 / 3 / 4 color printing offer aggressive marketing prospects
 No problems in stacking. Can be gusseted to further improve stacking
 High Tensile strength and durability
 Cost effective in comparison to other alternative packing material
 No Seepages specially in poly lined or laminated bags

Technical specifications for different areas it is used

For Fertilizers:

 Size – Length 915 mm, Width 610 mm

 Open mouth
 Bottom stitched duly laminated with PP/LDPE inside
 Colour Milky White or others
 Printed with flexo printing as per IS - 9755 – 1985 for packing 50.0 kgs For Cements:

41
  Size – Length 710 mm, Width 480mm with self closing valve, Weight 70-75 gms per bag
 Printed with flexo printing for packing 50.0 kgs as per IS - 11652 –1986

For Sugar:

 Size – Length 900 mm, Width 590 mm

 Open Mouth Or Top Hemmed
 Bottom Stitched with inside separate loose liner bag of 25 micron thickness stitched at
bottom and
 printed with flexo printing for packing 50 kgs Sugar
 Size – Length 630 mm, Width 480 mm
 Open Mouth Or Top Hemmed
 Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at
bottom
 and printed with flexo printing for packing 25 kgs Sugar

For Food Grains:

 Size – Length 1000 mm, Width 570 mm

 Open Mouth Or Top Hemmed
 Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at
bottom OR
 without liner and printed with flexo printing for packing 50 kgs food grains.
 Size – Length 650 mm, Width 480 mm
 Open Mouth Or Top Hemmed
 Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at
bottom OR
 without Liner and printed with flexo printing for packing 25 kgs food grains.

For Fabrics:

 PP / HDPE woven circular fabrics are available in rolls of different colors / shades, width
and other
 specifications as per the clients’ requirements.
 They are put to direct uses or for conversion to Bags and Sacks at customers' end.
42
Following is the manufacturing process of PP woven sacks bags

The process of manufacturing PP woven bags involves mixing raw materials starting with PP or
HDPE pellets and other additives, extruding the raw materials into a yarn, weaving the yarn into
a fabric in a process similar to the weaving of textiles, laminating the fabric, cutting the fabric
into appropriate sizes for the bags, sewing the bags, printing onto the bags and finally
packaging the bags.

a) Tape Extrusion:

The raw material consisting of Raffia grade polypropylene and suitable master batch is fed
through a plastic extruder fitted with a `T’ die. The extruded sheet is cooled and slit into small
width continuous tapes, which pass over a hot air oven during which the orientation of tapes take
place. These tapes are stretched and annealed, to achieve the required denier rating.

b) Fabric Weaving:

These tapes are wound on cheese winders which are used on circular weaving looms to produce
continuous Circular fabric of the required lay flat width. The fabric produced is wound into
rolls.

THE CIRCULAR WEAVING MACHINE

a) Sacks Production:

The Woven fabric in roll form is unwounded and cut into required length units. One end of
fabric unit is folded at one of its corners such that after stitching a spout opening is formed. The
43
other side of the fabric unit is fully stitched to get a woven sack. These sacks are tested for
strength and dimensional requirements as per the buyer’s specification. The approved sacks are
printed as per buyer’s requirement. Then the sacks are piled, compressed in a baling press, baled
and dispatched.

b) Waste Recycling:

The waste generated during the entire production process is converted into reusable chips using
an agglomerated.

Manufacturing process of Flexible Intermediate Bulk Container (FIBC)

A Flexible Intermediate Bulk Container, FIBC, big bag, bulk bag, or Super Sack is a
standardized container in large dimensions for storing and transporting dry, flowable products,
for example sand, fertilizers, and granules of plastics.
FIBCs are most often made of thick woven polyethylene or polypropylene, either coated or
uncoated, and normally measure around 110 cm or 45-48 inches in diameter and varies in height
from 100 cm up to 200 cm or 35 to 80 inches. Its capacity is normally around 1000 kg or
2000 lbs, but the larger units can store even more. The average bulk bag made to ship one metric
ton can weigh between 5-7 lbs.
Transporting and loading is done on either pallets or by lifting it from the loops. Bags are made
with either one, two or four lifting loops. The single loop bag is suitable for one man operation as
there is no need for a second man to put the loops on the loader hook. Emptying is made easy by
a special opening in the bottom such as a discharge spout, of which there are several options, or
by simply cutting it open.

History

Although there is disagreement on exactly where FIBCs were first made and used, it is certain
that they have been employed for a variety of packaging purposes since the 1940s.
These forerunners of the FIBC as we know it today were manufactured from PVC rubber and
generally utilised within the rubber industry for the transportation of carbon black to be used
as a reinforcing agent in a variety of rubber products. One of the first known importers of the
PVC containers into the United States is Robert Williamson, founder and CEO of B.A.G. Corp., in
1969.
These first PVC bags were imported from Japan as an efficient way to solve the loading and

44
handling problem faced by crop dusters.
By the 1960s, with the development of polypropylene combined with advances in weaving, the
bulk bags as we know them today came into being and were rapidly adopted by a wide variety
of oil and chemical companies to store and transport powdered and granular products.
It was during the oil crisis of the mid 1970s that the FIBC really came into its own for
transporting huge quantities of cement to the Middle East from across Europe for the rapid
expansion of the oil producing countries.
At its zenith, upwards of 50,000 metric tons of cement was being shipped out on a weekly basis
to feed the vast building programme. The Flexible Intermediate Bulk Container Association
(FIBCA) was formed in 1983 by the companies that were manufacturing bulk bags at that time.
The modern FIBC transports a growing figure of over ¼ billion tonnes of product each year and
is used to handle, store and move products as varied as cereals to powdered chemicals and
flour to animal feeds. With a capacity of up to 3m³ and load capability ranging from ½ a tonne
to two tonnes FIBCs are highly cost effective, easily recyclable and ideal for virtually any
freeflowing
granule, powder, pellet or flake. FIBCs are also being developed to hold and filter fluid
products.

Process

a)Tape Extrusion:
The tapes are produced by extrusion of polypropylene with master batch
using a `T’ die. Orientation, stretching and annealing of the tapes are done to obtain the required
denier rating. As the tapes are wider and thicker, in order to facilitate weaving, the tapes are
folded into three layers use a tape folding equipment or slit into fine fibers using a fibrillate to
obtain compact fibrillated tape, which are wound on cheese winders.

b)Fabric weaving:
Using an eight shuttle circular loom, the folded or fibrillated tapes are woven into a circular
woven fabric of required lay flat width, which are wound into rolls.

c) FIBC production:
The circular woven fabric is cut into required length. The top and bottom covers are also woven
fabric which is slit opened to give open width fabric. The inlet and outlet spouts are small
tubular woven fabric. The handles are made out of knitted polypropylene fibers.
All these elements are cut into the required size as per the design of FIBC and are stitched

45
together, to obtain the circular woven fabric it is cut into required length. The top and bottom
covers are also woven fabric which is slit opened to give open width fabric. The inlet and outlet
spouts are small tubular woven fabric. The handles are made out of knitted polypropylene fibers.
All these elements are cut into the required size as per the design of FIBC and are stitched
together, to obtain the FIBC of required capacity and
Safety factor. An inner layer of HDPE blown film is also employed to avoid seepage. The
single use FIBCs employ less denier tapes than the multi-use FIBCs of corresponding capacity.

d) FIBC Testing:
The following tests are conducted on FIBCs
i) Ultra-violet stability test of polypropylene fabric.
ii) Tensile testing of FIBC fabric and handles.
iii) Test for resistance to impact collusion
The test parameters are based upon the design and utility conditions of FIBCs.

Printing & Packing: The quality approved FIBCs are printed as per customer’s requirement
and baled using a baling press.

Classification of FIBC
 Construction
 Lifting options
 Electrostatic properties
 Industries served
 Flood barriers use

Construction:-
U-Panel construction
 Circular/Tubular construction
 Baffle construction
 Four side panel construction
 Round construction

Lifting options:-
 Cross corner lifting loops
 Corner lifting loops
 Four loops

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 Two loops
 Sling loops
 Full loops

 Electrostatic properties:-

 Type - A - no special electrostatic safety features

 Type - B - Made from plain (non-antistatic) polypropylene. Type B bags are not capable
of generating propagating brush discharges. The wall of this FIBC exhibits a breakdown
voltage of 4 kilovolts or less.
 Type - C - Conductive FIBC. Constructed from electrically conductive fabric, designed to
control electrostatic charges by grounding. A standard fabric used contains conductive
threads or tape.
 Type - D - Anti-static FIBCs, essentially refers to those bags which have anti-static or
static dissipative properties without the requirement of grounding

Industries served:-

 Chemicals
 Fertilizers
 Fiberglass
 Food Products
 Grains
 Mining (Used to hold shotcrete)
 Pharmaceuticals
 Pigments
 Plastics
 Refractories
 Rubber Additives
 Seed

Polypropylene Products

The company has engaged in manufacturing, exporting and supplying polythene and bags.
These are manufactured using fine quality raw material obtained from trusted and reputed
vendors across the nation. All the products that company manufactures are in accordance with
47
industrial standards and strictly follow the defined parameters.

Advantages of HDPE / PP Woven Sacks and Bags

Moisture Proof :
HDPE / PP Bags are inherently moisture repellent.

Light Weight :
HDPE / PP Bags being light weight, offers easy and cheap transportation.

Printing :
Bright 2 / 3 Color printing offers aggressive marketing prospects.

Stack ability :
No problems in stacking. Can be gusseted to further improve stacking.

Strength :
High Tensile strength and long life. No corrosion.

Economical :
Highly economical compared to other alternative packing material.

Seepage :
No Seepages specially in paper lined bags.

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49
 Purchase Department

The most important aspect in any organization is flow of materials from outside the organization
to fulfill the requirements of the each department. This activity is taken care by the PURCHASE
DEPARTMENT.
Purchase department plays an important in the organization effectiveness and its productivity.
Purchase department has to make timely order of the raw material for the uninterrupted
production process, and the spare parts for the machines which helps in orderly replacement of
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spares with the production moving

Objectives of the purchase department:

A. To procure quality raw material at the least cost.

B. To maintain sufficient stock at go downs.
C. To preserve the stock at maximum care.
D. To maintain safety stock level.
E. Estimate the future fluctuation in prices of raw material arrangement of finance to fulfill
the maximum stock level.

The department is responsible for the following:

 Domestic purchase
 Imports
 Trading of Raw Material
 Dispatches to factories
 Storage at godown
 Excise obligation

PURCHASE DEPARTMENT

Hierarchy of purchase department

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IN PRIYA POLY SACKS the purchase department may be split into two
divisions:

Department of purchase of spare parts

Department of purchase of raw material

Purchase of spare parts department:

Purchase of the spare parts is maintained by the Bangalore branch itself. Here requirement of all
the machines spares and parts are looked by this department. Each production department head
will place orders that they require, Sometimes the department will assess the required spares and
parts and place order in time or refill of the spare parts stock. Head of purchase department,
based on the past records will identify the requirement. The stock of spares and parts are
maintained in the average stock level.

The process of purchase of spares and parts are as follows:

They will send an indent to the supplier of the spare parts including specification of the spare
parts. Supply will be received approximately after certain days.
LOCAL - 8 TO 10 DAYS
OUTSIDE - 15 TO 20 DAYS

52
Process of Purchase of spare parts

This process chart gives you a clear picture how ordered spare parts will be received in the
organization

PROCESS OF PURCHASING OF RAW MATERIAL

53
Responsibilities & Authorities:

Responsibility & Authorities of GM are covered in quality manual. Manager (RM)

Responsibilities
 Maintain inventory status.
 Maintain subcontractor purchase and payment statement.
 Verification of Excise Documents
 Import material follow ups
 Co-coordinating with factories for their requirements and their ensuring.
 Timely deliveries.
(Raw material)
Authorities:
Authorizing excise documents.
Releasing indents purchase order with approval of the GM.
Dispatch order for sales

Responsibilities Executive (Imports)

o Preparation of import clearance documents.
O Execute all import materials clearance formalities.
O Bonding/De-bonding or import materials.
O Clearance and transhipment of stores from the port of entry.

Responsibilities of go down in-charge

 Receipt of stores.
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 Proper storage & handling of materials.
 Preservation and safety of material.
 Issue of raw material as per the instructions from (RM).
 Ensure proper loading.

Major suppliers of the raw material

 Reliance industries ltd
 Indian petrochemical corporation ltd
 Gas authority of India ltd
 Haldia petrochemical ltd

INTRODUCTION

Finance is regarded as the lifeblood of the business enterprise. Financial management is very
important to any organization. Lack of this paralyses the activities of the firm. Hence, it is
essential to have a sound financial system organized in an organization or enterprise. Every
organization needs money and the management of it is very important in any financial system of
an organization. Priya Poly Sack has very sound financial department and well trained and
experienced
employees to carry out the financial activities. Here every activity is carried out with utmost
care

According to the Consolidated – Audited financial statement for the Year 2011, total net
operating revenues increased 46.28%, from INR 608.32 tens of millions to INR 889.88 tens of
millions.

Operating result decreased from INR 53.9 tens of millions to INR 53.58 tens of millions which
means -0.59% change. The net income of the period increased 6.89% reaching INR 11.02 tens of
millions at the end of the period against INR 10.31 tens of millions last year.
Return on equity (Net income/Total equity) went from 16.01% to 15.25%, the Return On Asset
(Net income / Total Asset) went from 3.16% to 2.88% and the Net Profit Margin (Net
Income/Net Sales) went from 1.69% to 1.24% when compared to the same period last year.
The Debt to Equity Ratio (Total Liabilities/Equity) was 529.15% compared to 507.13% the
previous year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.43 to
2.18 when compared to the previous

55
Objectives:-

The objectives of financial department are as under:-

 To ensure that accounting records of various divisions are properly maintained.
 To ensure that sales realization are properly accounted and remained the marketing
section from time to time over the debtors portion in order to enable them to collect the
dues.
 The account section objective is also to see that regular payments of milk bill are made to
milk producers on priority.
 To see that the payments to creditors are made within stipulated time.
 Account section has to provide management timely information about the financial
position of the union and guide them as to viability of the proposals that come in the
course of business activity.
 The other objective of finance section is to keep the management / board appraised of
monthly trading and P & L a/c figures.
 To include timely submission of financial statements to auditors and ensure smooth audit
is conducted and give audit reports to management.

Functions:-

The main functions of the financial department are as under:-

 To manage cash.
 To manage bills.
 To manage transportation bills.
 To manage pay bills.
 To manage accounts.

Working capital ratios

Ratio Analysis can be defined as the study and interpretation of used relationships between
various financial variables, by investors or lenders. It is a quantitative investment technique for
comparing a company’s financial performance to the market in general. A change in these ratios
helps to bring about a change in the way a company works. It helps to identify areas where the
management needs to change.
I would deal with some of the predominant ratios more relatively applicable in working capital
management.

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Current ratio
This ratio establishes the relationship between current assets and current liabilities. The purpose
of this ratio is to find out the extent of current assets available against each rupee of current
liability of the firm
Current ratio=current assets/current liabilities
Current assets include cash, marketable securities, debtors, inventories, prepaid expenses etc.
Current liabilities includes creditors, bills payable, accrued expenses, short term bank loan,
income tax liability and long term debt etc.

Quick ratio
This ratio is called as acid test ratio or Quick ratio. It establishes the relationships between liquid
assets are those which can be converted into cash without any loss or delay. All current assets,
excepting stock and prepared expenses, are considered to be liquid assets. Liquid liabilities are
those liabilities which are payable immediately. All current liabilities, excepting Bank overdraft,
are considered to be liquid liabilities.

Year Current assets Current liability

Current ratio

2017-2018 189.03 125.785

1.502
2018-2019 258.87 167.935
1.5414

Interpretation: From the year 2017-18 the Current ratio has decreased but in the year 2018-19
the
Current ratio has increased.

Quick ratio
This ratio is called as acid test ratio or Quick ratio. It establishes the relationships between liquid
assets are those which can be converted into cash without any loss or delay. All current assets,
excepting stock and prepared expenses, are considered to be liquid assets. Liquid liabilities are
those liabilities which are payable immediately. All current liabilities, excepting Bank overdraft,

57
are considered to be liquid liabilities.

Year quick assets quick liability Quick ratio

2017-2018 108.115 125.785 0.85952

2018-2019 146.665 295.01 0.49715

Interpretation: From the year 2017-2018, the quick ratio has decreased but in the year 2018-
2019, the
quick ratio has increased.

AUDITORS

The Auditors of the Company M/s. C.A. Patel & Patel, Chartered Accountants, Bangalore, retire at
the ensuing Annual General Meeting of the Company and are being eligible, offer themselves for
re-appointment.

Some of the accounting notes of the company

Contingent liabilities:- All liabilities have been provided for in the accounts except liabilities of a
contingent nature, which have been disclosed at their estimated value in the Notes to the Accounts
wherever practicable.

Cash & cash equivalents:- Cash and cash equivalents in the cash flow statement comprise cash at
bank and in hand and short-term investments with an original maturity of three months or less.

Foreign exchange transaction:- All foreign currency transactions are recorded at the average
Exchange rate prevailing during the transaction occur. Outstanding balance of foreign currency
monetary items are reported using the period end rates.

Segment reporting:-
Segments have been identified in line with the Accounting Standard on Segment Reporting (AS
17), taking into account the organizational structure as well as differential risk and returns of the
segments

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Tax & income:- Tax expenses for a year comprises of current tax and deferred tax.
Current tax has measured at the amount expected to be paid to the tax authority, after taking into
consideration, the applicable deductions and exemptions admissible under the provisions of the
Income Tax Act, 1961.
Deferred tax reflects the impact of current year timing difference between taxable income and
accounting income for the year and reversal of timing difference of earlier years. Deferred tax is
measured based
on the tax rates and the tax laws enacted or substantively enacted at the Balance Sheet date.

Lease payments and receipts:- Lease payments have been made towards land at Chennai and
amortised on a straight line basis during the period of lease. Lease payments have been made
towards Hire Purchase of Vehicle.

MARKETING DEPARTMENT

59
Marketing is a process of persuasive action which makes the buyers to buy the products and
services at
given price is called marketing.

Marketing management is a process of planning and executing the conception, pricing,

promotion and
distribution of goods services and ideas to create exchanges with target groups that satisfy
customers and
organizational objectives. Marketing management is a process involving analysis, planning
implementation and control that it covers goods, services and ideas that it rests on the notion of
exchange
and the goal is to produce satisfaction for the parties involved.

MARKETING MIX
Marketing refers to the four P’s:-
 Product
 Promotion
 Pricing
 Place
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Promotion
Promotion activity of the products produced by the PRIYA POLY SACK is totally taken care by
head
office of the company which is situated at Byatarayanapura, Mysore road, Bangalore.
Promotion of the products is looked after by the company’s marketing executives.

Pricing
Pricing is relying on the quality and quality ordered by the customers. When customer places bulk
orders
for the products and services, company will quote the low price for the orders or vice-versa. All the
pricing quotation is fixed by the head office of PRIYA POLY SACK. Only manufacturing process
will
be done in the plant. The head office will receive the cost of each order placed by the customers. It
will
then check the cost of the orders and then fix the price for the orders

Place
Place refers to the space of finding the targeted customers of the produced goods and services.
Mainly
company will browse the customers via internet or through the directories, which contains
information
about the customers.

MARKETING PROCESS

The marketing process followed at PPS is

 Analyzing market opportunities
 Researching and selecting target markets and positioning the offer
 Developing marketing strategy and plans
 Planning marketing programs
 Organizing implementing and controlling the marketing plans

61
62
 HUMAN RESOURCE DEPARTMENT

Introduction:
Human resource is very important for the success of any organization. Human resource
management is the wealth of an organization, which can help in achieving its goals. Human
resource management is concerned with the human being in an organization. It reflects a new out
look, which views organization manpower as its resource and assets.

Meaning of Human resource management:-

Human resource management is that process of management which develops and manages the
human elements of enterprise. It is not only the management of skills but also the attitudes and
aspiration of people. When individuals come to work place, they come with not only technical
skills, knowledge, experience, but also with personal feelings, desires, motives, attitudes, values
etc.., So Human resource management means management of various aspects of Human
resource.

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HRM is a management function that helps a manager to recruit, select, train and develop
members for an organization. It is mainly concerned with the people dimension in organization.
THIS company has nearly 30 employees (including contract labours) as compared to
previous year and the industrial relations remained cordial during the year. To meet the ongoing
challenges in the market place employees are trained continuously to upgrade both their
knowledge and skills.

CLASSIFICATION OF EMPLOYEES

 Permanent employees
 Casual employees
 Apprentice

FUNCTIONS OF THE HR DEPARTMENT

 Recruitment of candidates.
 Selection of best suited and right persons.
 Training and development of employees.
 Framing of rules.
 Creating a good working environment.
 Motivating the employees to work up to their potentials.
 Maximizing the performance of employees.
 Maintenance of records.
 Maintenance of industrial relations.
 Employee service and benefits

MAINTENANCE OF SERVICE REGISTER\ PERSONAL FILES

PPS maintains a service register of each employee maintaining all the service records and the
below mentioned facts according to the HRD wing of the respective organization.
 Particulars of the employees.
 Date of joining.
 History of services.
 Pay scale/ increment /advances.
 Particulars of leave availed including leave encashment / maternity leave.
 Particulars of record of rewards, praise, punishment or censure including suspensions

64
 Place of position.
 Name / age of family members for provide medical benefits.
 Permanent residence address and present postal address.
 Details of training program undergone.
.
HR PRACTICES

 Provident fund and pension fund.

 Gratuity.
 Compensation for accidents.
 Shift allowances.
 Overtime allowances.
 Death relief fund.
 Provide loans through the banks.
 Leave encashment such as all permanent employees as on the date of settlement will be
given leave encashment in the form of following:-
 Earned leave.
 Casual leave.
 Maternity leave.
 Commuted or half day leave.

The primary responsibilities of the human resource department is

1. MANPOWER PLANNING
As an annual exercise, human resource department reviews the existing manpower plan for the
year from the entire department. On discussion and consultation with managing director, the
same shall be approved with changes if any.
2. RECRUITMENT AND SELECTION

Based on the manpower plan and recruitment that follow due to resignation, termination,
retirement, and transfer, concerned department heads shall give the manpower requisition along
with job description according to which human resource department arrange for Recruitment of
personnel. The sourcing of manpower will be through advertisements, consultations, walk-in,
and on-gate-advertisement or wanted lists on gates of the concerned departments of the
company.

65
3. INDUCTION AND PLACEMENT
The selected candidates will go through process of induction into the company’s system and
procedures. The induction and placement is given to the selected candidates by departmental
heads,

4. WAGES AND SALARY ADMINISTRATION

The wages and salary as prescribed by the company’s rule will be disposed as follows.
A. Confirmed staff: Last day of the month.
B. Unconfirmed staff: Fifth day of the next month.
C. Workman: Seventh day of the next month.
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5. PERFORMANCE AND POTENTIAL EVALUATION
The performance of the entire trainee will be evaluated once in three months.
All other employee’s performance will be reviewed once in a year. On being found that their
performance and potential to perform is up to the expectation of the, management, employees
will be rewarded with normal increment, merit increment, lump sum payment and promotion.
Those employees whose performance is below the management expectation will be given
consulting in. In spite of such counseling, if the employees continue to perform below
expectation his awards or rewards will be differed, postponed withheld depending on the degree
of his poor performance.

6. PROMOTION, TRANSFER AND CAREER PLANNING

Promotion to higher posts to the employees is strictly and solely on merit basis and experience.
Transfer is affected on need basis and career planning in envisaged.

7. DISCIPLINE AND INDUSTRIAL RELATIONS

The company standing orders governs the employees and the industrial relations between the
management and workman are cordial and harmonious. To maintain this sort relationship
between the employees and employer or labors and superiors,
The company has conducted so many cultural programs, debate competition, issuing
questionnaire to the employees about the company’s working environment.
It follows strict supervision on the workers absenteeism as well as find out the reasons for the
same and also tries to solve the problems of absenteeism. The company has maintained the
absence rate of the workers very effectively by discovering optimum solution for the
absenteeism and has decreased the rate of absence from 5% to 3%.
Company is labor oriented and having a training and development programs at
minimum level. The company has only few employees at plant who are having technical skills,
and maximum number of labors having less or no technical background.

EMPLOYEE WELFARE

The welfare measures at PPS as follows.

Uniform: All the staff and labor members are provided with proper uniforms and shoes.
The workmen are provided with two pairs of shirt and pants, two pairs of socks and a pair
of leather shoes. The purpose behind this is to maintain discipline and remove the

67
disparity with in the group of workers.

Soft drinks: The employees at staff level are allowed to enjoy soft drinks at wholesale
price which is deducted from their salaries.

Tea / coffee: The workmen and staff members are having the facility of getting tea and
coffee at subsidized rate, served twice a day to all its employees of the organization.

Loans to employees : All confirmed employees who have five years of completed
service, will be given loan which is repayable in equal installments. Workmen also have
the facility to procure the loan from company through Syndicate bank where company
has most of the transactions.

Salary advance: Employees on emergency are given salary advance which is fully
deducted in the next month salary. It boosts the employee moral and builds the loyalty
with the company.

Insurance: personnel department is responsible for ensuring the property of the

company towards fire policy, burglary, cash in transit and its employees towards
workman’s compensation policy, group personnel accidents, insurance med claim, and
fidelity insurance.

Provident fund : As usual in all the companies provident fund in given to the employees
by contributing half by the employer remaining is deducted from the salary or wages of
the workmen and staff members of the company.

ESI Benefits: The company provides employee state insurance to the all the employees
who worked more than 31 days in previous year.

Parking avenues: The company has provided well roofed parking slots to the employees and
workmen vehicles who usually come by bicycles and scooters.

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