A REPORT ON INSTITUIONAL TRAINING AT

“ SRI RAMA WAX INDUSTRIES ” SIVAKASI

A Report submitted to the Anna University in partial fulfillment of the
requirements for the award of the Degree of

MASTER OF BUSINESS ADMINISTRATION

Submitted By

M.SENTHILKUMAR

Reg No: 620514631042

Under the Supervision and Guidance of

Mr.K.DEEPANRAJ.,MBA.,

Assistant professor

DEPARTMENT OF MANAGEMENT STUDIES

CMS COLLEGE OF ENGINEERING

NAMAKKAL - 637003

JULY – 2015

1
 CERTIFICATE

This is to certify that the internship training report undergone at “ SRI RAMA
WAX INDUSTRIES ” is a record of the work done by Mr. M.SENTHILKUMAR
(Register No: 620514631042) submitted in partial fulfillment of the requirement
for the award of degree of Master of Business Administration of Anna University,
Chennai during the academic year 2015-2016.

Project Supervisor
Head of the Department

Viva-voice examination held on ______________________

External Examiner

2
 DECLARATION
I hereby declare that the internship training undergone at “ SRI RAMA

WAX INDUSTRIES ” SIVAKASI is my original work and that no part of

this report has been submitted for the award of any Degree, Diploma, Fellowship or

any other similar titles or prizes and that the work has not been published in any

scientific or popular journal or magazine either in this or any other University.

Place : SIVAKASI M.SENTHILKUMAR

Date:

6205146310342

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 ACKNOWLEDGEMENT

Every step that we take and every mile that we cover leaves its mark on our way
in this
arduous journey. First of all thanks God for pursing his immense blessing on me to
complete my projection successfully.

It is my privilege and great pleasure to express my sincere and heart full thanks to
Thiru.C.MUTHUSAMY Founder and chairman CMS EDUCATION
Institutions, Namakkal for giving opportunity to study in this prestigious
institution.

I am indebted to ,Mr. P.SIVAKUMAR ME., Principal, CMS college of

Engineering, Namakkal for providing me a opportunity to undertake the
project.

I extend my thanks to the Head of the department Mrs. SWARNALATA

MBA, M.Phil.,C.M.S College of Engineering, Namakkal, for his
encouragement and valuable guidance throughout the study.

I express my thanks to my project guide Mr. K. Deepanraj, MBA, for

his valuable guidance, support and suggestions which heo;ped me to fulfill my
project work
in a better way.

Finally I express my sincere thanks to my parents, friends and other for

encouragement and support.

M.SENTHILKUMAR

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 CONTENTS

Sl. No. Particulars Page No.

1 Certificate

2 Declaration

3 Company Certificate

4 Acknowledgment
CHAPTER – I: INTRODUCTION
5

CHAPTER – II: INDUSTRY PROFILE

6

CHAPTER – III: COMPANY PROFILE

7

CHAPTER – IV: REPORT OF THE TRAINING

8

CHAPTER – V: CONCLUSION
9

5
 CHAPTER - I
Introduction

In order to understand the theories and concept of management practically and to

know about the peculiar practices prevailing in the Industry. Our MBA. Department has
provided a golden opportunity to undertake an institution training in this Organization.

To utilize this opportunity the trainee under went one month training in the well
established concern “ SRI RAMA WAX INDUSTRIES ”located at Sivakasi. They are
specialized in printing.

Institution Training is part of the course in which students has to undergone their
training in any one of the concern in which they can enable them to get some practical
experience in various fields such as production, marketing, finance and personal
management.

6
 OBJECTIVES OF THE TRAINING

The following are the Objectives of the training :

 To acquire knowledge about the Business Organization.

 To observe the performance of the owner and workers .

 To give suggestions for the improvement of the enterprise.

 To be a good administrator in future.

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 REASON FOR SELECTING THE COMPANY

The trainee is much more interested in printing because it is portent in modern

days so he has under gone training in printing.

The trainee got a golden opportunity to get the training in

SRI RAMA WAX INDUSTRIES .

The trainee wants to know more about the function of printing.

The firm is located in the native place of the trainee.

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 s CHAPTER - II

PROFILE OF THE COMPANY

Mr.A.S.KaliRajan established the concern in the year 1959. They have been in the
market since last 56 years the name of SRI RAMA WAX INDUSTRIES in
Sivakasi

They purchase a machine in latest printing technology of four color machine.

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 CHAPTER - III

FACTS ABOUT THE INDIAN PRINTING INDUSTRY

The Indian printing industry is valued at 10.6 billion euros as per

the year 2006. The compounded annual growth rate is estimated to be 12.2% for the
period 2007-12. The objective is to achieve 60% growth by the year 2014.

The printing industry is highly fragmented. The newspapers and

magazine publishing section has the large printers mainly apart from a few in package,
label and commercial printing. About 77% of the printing houses are family owned.
From 2002 onwards the government allowed foreign investment. Foreign investors can
now invest up to 26% in daily newspapers and 100% in scientific or other publications
with government approval.

Printing sector has evolved from a manufacturing industry into a

service industry. The segments of graphic design, print quality and capability have
achieved global standard. Newspapers, books, catalogues, packaging products and other
publications such as coffee table books have come up to the international standards as
well. Most of the large printers are found in big cities of Delhi, Kolkata, Mumbai,
Bangalore, Hyderabad and Chennai. Also, Sivakasi in Southern India has emerged as a
commercial printing hub. It accounts for a major share of exports.

There is an ample opportunity for the printing sector in India because

of the following factors :

Large English knowing young population Increase in literacy rate

Increase in life span (older people read more) Increase in number of smaller households
(nuclear families) has resulted in smaller packaging patterns. Development of taste for
convenient living and rising health consciousness have led to a revolution in the
packaging industry and consequently to the printing industry Outsource Boom
10
Countries like UK, US and Japan outsource printing jobs to India. The factors promoting
this are: Low cost of labor Knowledge of English Design capabilities Talent pool
Technology and communication costs are falling rapidly India’s time zone is ideal to
serve east or west.

With the approval of the RBI (Reserve Bank of India), foreign

offices can be set up in India. However their operation is subject to some restriction
Foreign Investment: FDI is allowed up to 100% of share capital of the Indian Company if
the investor does not have an existing joint venture or tech collaboration agreement in
India, without any requirement to obtain government approval. Incase of newspapers
and periodicals dealing with news and current affairs, FDI up to 26% of equity capital of
the Indian company’s allowed with approval from FIPB ( Foreign Investment promotion
Board)
Incase of scientific magazines and specialty journals or periodicals ,
FDI up to 100% of equity capital of the Indian company may be allowed after approval
from FIPB
REGION WISE PRINTING CONTRIBUTION TO THE INDIAN
INDUSTRY

Performance of Printing Industry Region wise Print Market share

Northern 33% Biggest market for printing newspapers, magazines and books . Uttar
Pradesh and Delhi accounts for the major share Eastern 12% Kolkata contributes the
major share. Western 28% Biggest market for package and label printing .Biggest
market for commercial printing .Second largest newspaper circulation Southern 27%
Major contribution in commercial, packaging and label printing Source: Pira
International Ltd. Northern, Western and Southern India together contribute to 90% of
the Commercial printing in India

PRINTING INK

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 Increased urbanization Foreign publications FMCG (Fast Moving Consumer
Goods) sector is growing Rise in literacy Use of ink in packaging Rise in outsourcing
of jobs to India The expected annual growth rate of this sector is about 14%.

Types of printing ink used in India:

Offset (process ink, cut color inks, commercial inks, quick set
inks) Flexography (packaging carton inks, multipurpose bag inks, surface printing inks,
woven sack inks, poly inks, freezer pack inks, gloss finish and metallic finish inks,
opaque inks, fluorescent inks, process inks) Gravure, (multipurpose bag inks, surface
printing inks, reverse lamination inks, high gloss inks, transparent inks) Screen (metallic
pearl inks, transparent inks, gloss finish inks, fluorescent inks, matt inks) Digital (solvent
based and UV curable digital printing ink) Natural rubber and latex ink Synthetic rubber
ink Silicon rubber ink EVA (ethylene vinyl acetate) inks
UV (ultra violet) inks are now in demand. They are mainly used in offset and flexo
printing. Publishing and Packaging are the major consumers of printing ink.

Offset machines are having PPF (Print Production Format)

compatibility which is now going for JDF (Job Definition Format) compatibility due to
reduction in start up time and wastage. Use of CTP plates (computer to plate) has reduced
the cost of plate preparation with increased speed of plate processing
India imports high end sheet-fed offset machines from Europe, USA and Japan. Small
sheet fed offset presses and mini offset printing machines are gaining significance since
they are economical and easy to handle. Imports are predicted to decline in the future
with increase in machine manufacturers
Greatest number of web offset manufacturers in India. Web offset segment is growing at
10-15% rate per year. Govt. is also allowing FDI up to 100% in non news periodicals
which has further increased the growth of this segment with inflow of foreign players
Web offset cold set and heat set are both gaining importance though the latter is more
expensive than the former Book publishing is done using web offset coldest. Thus the

12
rising growth in book publishing is pushing the demand for web offset cold set
technology
Magazine publishing and the newspapers use the web offset heat set machines. In the
newspaper section the change from the usual single circumference four page machines to
the web offset cold set technology is gradual though Small publishers are use
refurbished heat set machines but the medium sized publishers import used machines
mainly from Japan.
. MACHINERY OF THE INDIAN PRINTING INDUSTRY

Pre Press Machinery CTP technology is being introduced mainly by large

printers. Small printers are following but slowly. Newspaper printers and a few
commercial printers use CTP technology. Flat bed scanners are used usually. Few high
end scanners are used especially for jobs that need high production quality
Conventional plate making system, cameras, exposing units, etc. are used though that of
processes are used for all reproductions
Use of image setters and graphic arts film have decreased in many developed countries
but Image setters are used significantly in India though CTP technology is replacing it
slowly. However printing odd jobs that might be expensive on CTP might use image
setters Films (photographic films, CMYK, films and master films) are still being used
and will continue for next few years. Small printers use them.
India is one of the largest users of printing plates. CTP plates, presensitised aluminium
plates, flexo or photopolymer plates and polyester plates are commonly used
Photopolymer plates are not manufactured and hence are imported from Europe, US and
Japan making lines and other modern technologies to cater to the demand of the
industries that use metal cans.
Commercial Printing has a competitive market in India. It has extremely good growth
rate. The following table gives a look into its components. Since the cost of production is
lesser in India for diaries, the exports are expected to increase as developed countries
want the diary production to take place in India. Digital imaging is replacing the
designing pattern in calendars which was done by hand printing. Calendars have a key
role in this sector. Southern India has a major centre for Calendar printing. Small printers

13
are associated with calendar printing in India. The demand and hence production for
greeting cards are on the decline due to the introduction of cell phone messaging and e-
greetings
Commercial Printing
Security Printing has two parts: financial and non-financial. Intaglio printing
is used in Indian bank notes. Magnetic ink character recognition (MICR), water soluble
ink, micro letters and invisible ink are some of the security features used in cheques and
demand drafts. Personalized bills and prepaid scratch cards in mobile phones provide the
market for security printing in the telecom sector. Education and transportation sector
uses security printing for example in examination question papers, mark sheets and
certificates, tickets and smart cards for citizens ID. The Indian industry is trying to adopt
RFID (radio frequency identification) in the shipping, defense, aircraft, pharmaceuticals,
automotive and information technology

CHAPTER - I V
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 TYPES OF DEPARTMENT

Purchase Department

Production Department

Marketing Department

Financial Department

Personal Department

ORGANIZATION CHART
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 Managing Director

Product Manager

Managing Director

Printing Cutting

Printer Assistant Helper Cutter Assistant Helper

Printer Helper

PRODUCTION
Production

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 Production is the most important area of management. Production is basic
function of the enterprises, around which all other activities are being carried out.

Raw materials

The important raw materials of the production area include ,

 Paper

 Pigments

 Film

 Plate

Paper
They procure paper from the following firms:

 Sri Krishna Paper Store

 Pandian Paper Company

 Sri Karpaga vinayaga Paper Company

 Srinivasa Agencies

 Aruna Trading Company

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Pigments
They purchase the pigments in firms:

 Natraja Chemical Pvt Ltd, Indore

Linseed Oil
SRI RAMA WAX INDUSTRIES acquire linseed oil from

 Priya Industries, Indore

Film
This concern purchase the required films from

 Sankerswari Process

 Premier Film Company

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Plate
They procure plates from

 Natraj Traders

 Sheela Enterprise

 Kapoor Sales India Pvt.Ltd.

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 PU
RCHASE OF RAW MATERIALS

Purchase Requisition

They purchase the raw materials by way of borrowing loan from banks. They
store the raw materials godown.

Quotation System

They purchase the required material from different suppliers. There are 15
suppliers, Who are ready to supply the raw materials to this concern. They supplied the
materials at the lowest cost.

Placement of Purchase Order

While ordering goods for purchase they consider the quality and quality of
materials. They also supplied the goods at the stipulated time.

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Procedure of the purchase
The company purchase raw materials mostly from local dealers.
Store Procedure

The Store keeper is takes in change for stock room. They received the goods by
way of preparing. GRS (Goods Received Slip). It is the record of the stock room.

RSN (Requisition Slip Note) is handed by the store keeper. They issue the
materials on the required department on the bares of their requisition.

PRODUCTION PROCESS

What is Production?
The term production mainly involves transformation of inputs in to outputs
keeping in view with overall objectives of business unit. Production management is
concerned with planning, organizing, directing and controlling of production system. So
as to produce goods at desired quality of minimum cost and right time. The production is
mainly concerned with the conversion of input in to output for safe.

Production Process:
In SRI RAMA WAX INDUSTRIES, they following two steps to make production.

 Before Printing

 After Printing

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1. Before Printing
Before carrying out the printing process. They went to make process.
They are
a) Designing

b) Film Making

c) Plate Making

2. After Printing
After printing work is over , they continue their process with the following
successive works.
a) Lamination

b) Scoring

c) Packing

BEFORE PRINTING

Designing

The designing work is carried out by the computer operator. They carry out the
designing work according to the specification made by the customer.

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Film Making

After completion of the designing work, he original matter is taken to film making
area. Then the matter is to be placed at the center of the frame. Then the film is placed at
top of the vacuum board. A heavy light is focused on the original matter and the film gets
exposed. Then we get the impressions on the film.

Plate Making

Then they place the film at the center of the frame. Also place the plate on the
order board and then close frame. Then they set the time for machine ranged between 30
to 40 seconds. Then by exposing light on the film, automatically the plate gets exposed.
Then the image on the film is transferred to the plate easily.

There are two types of plate making namely

1) Wipe on Plate

2) P.S. Plate(pre-sensitive)

Wipe on Plate

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 Wipe on plate is called as aluminum plate. This wipe on plate have no chemical
coating. They are reusable on granting.

P.S. Plate

PS Plate ate called Pre-sensitive. Both positive and negative film is used PS-Plate.
Matters imposed on it are of permanent nature they can be reused. Plate of this kind helps
to get quality printing.

DURING PRINTING PROCESS

The first process to arranged the paper.

Next it is transferred to the feeding unit. The air flow is important for feeding the
paper in to the machine one by one.

Then the ink is emposed on the roller.

AFTER PRINTING

Lamination

Lamination machine is used to laminate the printed surface of the matter.

For which, emulsion is the raw material used for lamination.

Process

24
 This raw material is used to laminate the matter. The Printed matter are fed one by
are along with the core paper. The fericol tank is attached at the center of the machine
.The fericol spreds on the printed matter slowly.

Cutting

After lamination, the laminated matters are going to process. Through which are
can cut the material according to the size.

Scoring Machine

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 Scoring machine is used to score the materials is the prescribed size.
For example ,
 Mosquito Coil box
 Ice box
 Fireworks box
 Agarbathi box …..etc.
Packing

The next section is packing section. The goods packing are placed on the packing
machine. The machine are used on the insulation tape and card board sheets are fixed it
is machine.
The packing machine helps the customer for the safe removal of goods with out damage.

OFFSET MACHINE PROCESS

26
 Ink Tank

Plate
Cylinder

Blanket Cylinder

Impression
Cylinder

27
MARKETING DEPARTMENT

The world market is derived from the word “Mariatus” meaning merchandise.
Wares, Traffic, Trade, etc., is place where business is conducted.

Definition

According to E.F.L. Brech, “ Marketing is the process of determining consumer

demand for a product or service, motivating its sales and distributing it to ultimate
customer at a profit”.

Features of Marketing

The following are the features of marketing

 Distribution of goods

 Delivery of standard of living

 Creation of utilities

 Generation of Revenue

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Area Coverage

The market area covered by SRI RAMA WAX INDUSTRIES is wide coverage
like in and around Sivakasi, Madurai, Salem, Chennai, etc.,

Period of credit

The company provides credit to their regular customers, who settle their amount
then and there promptly. Normally the concern provides 30 days of credit facility to their
customers.

Pricing Method

The company follows a cost plus pricing method. This is made on the basis of
cost of production plus an additional margin of profit.
selling price is equal to the cost of production plus anticipated profit, it is known
as “Cost Plus” pricing method.

Cash Discount

It is a deduction given to the customer by the manager for settling the bill amount
for particular time. They issue the invoice at the time of payment.

29
Customer Complaints

The managing director has close relationship with customers. They accept the
complaints from the customer. In the production department, separate files is maintained
for the complaint (i.e) “COMPLANT FILE”. In this file, complaints are recorded by the
production manager.

Period of credit

The company provides credit facility to their customers. It provides credit to well
known persons only. Normally they provides 30 days of credit facility to their customers.

30
Tax

This company pays income tax, sales tax and maintain proper accounts with the
help of chartered accountants.

Sales Turnover

Sales turnover for this concern is Rs. 15 lakhs for the year 2014-2015.

Net Profit

Net Profit for this concern in the year 2013-2015 is 4.5 lakhs.

Received the orders

They receive the orders through phone. If they receive the orders for printing,
they record the matters through the phone order form.

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 Finance Department

Introduction

Finance is the life blood of the industrial units. The sources of finance include the
own funds, borrowing from friend and relatives loan from private lenders, hire purchase
etc…

Most of the business failures are due to storage of money. Dun and brad street
statistics, gathered, over the year on business failures show that the most frequent cause is
poor financial management. Without adequate finance no business can survive; with out
Sound financial management no business can prosper and grow.

Finance place on important function which helps to organization to raise the

funds. The main sources of funds are capital, loan from parties and banks.
They borrowed loans from Canara Bank ,Sivakasi.

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Working Capital

The working capital is used for our operation of business.

The working capital is Rs. 30,00,000/- It is required for the payment of wages,
salary, interest, maintenance charges and factory expenses.

Credit Management

They are following strict credit policy. He follows the credit facilities only to the
Regular customers.

Transport Cost

The amount may be spent by the company to meet the customers and this has
to be included along with the product price.

The goods one delivered, normally, through lorry services.

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Budget

Budget is a statement of probable revenue and expenditure. The concern is

prepared cash and sales budget once in a year.(i.e., every February month.)

Books of Accounts

The concern is maintained the following books of accounts. Day Book, Purchase
Ledger, Sales Ledger, Profit & Loss A/C and Balance Sheet.

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PERSONAL DEPARTMENT

The personal manager should know the needs and problems of employees.

Payment of Wages

In this concern, the payment of wages is standard and reasonable for the workers.

Daily wages Rs.175/- to Rs.200/- is paid to the workers. DA, ESI and PF are
given to the workers for benefits.

Increment

This increment is given, based on the productivity of the workers. This concern is
providing 10% of increment to ten workers every year.

Bonus

Bonus is a financial incentive to the workers. It is paid to the workers in addition

to the remuneration. The basis for the Bonus is different from firm to firm.

It is paid by the Managing Director to the employees. Bonus is paid during

Deepawali, Panguni Pongal in SRI RAMA WAX INDUSTRIES.
Every six months 20% of the earned wages amount is paid as bonus.

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ESI (Employees State Insurance scheme)

Under section 6( c ) of the act, Central Government by notification in official

gazette will constitute ESI.

After flaming of the scheme Insurance Fund shall be established.

In this concern, the ESI charges are 8.33% on the basic wages of the workers.

PF (Provident Fund)

The objectives of the act is to make the employee to save a portion of his earnings
for their future. The wages of the workmen should not exceed Rs.3500/- per month in
order to claim benefit under this act.

Leaves

The Workers are offered casual leave of 30 days in a year. The office staff
members are allowed to take leave with prior permission from the company.

Working Hours

In this concern, working hour is from 9 a.m. to 6 p.m. The normal shift is 8 hours are
calculated as Extra Time (i.e.,) overtime.

So the Extra Wages are paid to the workers.

Salary is the basis for extra wages.

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No. of Shifts

This firm follows two shifts. At the time shifts each supervisor is in charge for
their shift.

Accident

The Factories Act 1948 defined Accidents as “ An occurrence in an Industrial

establishment causing bodily injury to a person”. But should not accident for the
company.

First-Aid-Box

First-Aid-Box is maintained by this concern. It contains bandage, cloth, Scissor,

Medical items, Tablets, etc.,

37
OFFICE MANAGEMENT
Four Color Machine

For operating four color printing machine, there must be three persons.

 Printer

 Assistant Printer

 Helpers

Two Color Machine

For operating two color printing machine, there must be three persons.

 Printer

 Assistant Printer

 Helpers

Single Color Machine

For operating single color printing machine, there must be two persons.

 Printer

 Helpers

38
Automatic Cutting Machine

For operating cutting machine, there must be four persons.

 Operator

 Assistant Operator

 Helpers

Trouble Roller

For Trouble Roller ink machine, there must be two persons.

 Operators

 Helpers

Two Color Machines

In printing process for the two color machines, maximum capacity is 22 reams per
hour.

39
Cutting

The Printed paper contains a registered mark for cutting. It is an automatic

program machine. The width of the paper is entered and it is programmed for cutting to
remove the wastages.

Quality Control

The Supervisor takes necessary steps for quality control. He checks the quality of
printing and also analysis the quality to control the supervisor to take suitable steps to
improve quality.

Wastages

Wastage like defective printing Papers and oils are selling to their outsiders on the
basis weight of and they get wastage up to 2 % per day.

40
OFFICE AND ADMINISTRATION

Office is defined as “ A central place where some sort of paper work is performed
and where all kinds of papers are dealt with ”.

Office Layout

The Layout process is a dynamic utility. There fore, the layout of every office
should be reviewed on a regular basis at least once in two or three years, Particularly the
layout should be reviewed.

41
Functions of Office

The office of any organization performs several functions (i.e) receiving,

recording, arranging, giving information and safeguarding the assets.

Advances

The concern is to provide certain money as advance. This company is paid

Rs.1500 as advance.

Tea Break

Tea is provided by the firm to all the staff and workers at 11 a.m & 4 p.m.

Incentives

Incentives are paid to the workers on the basis of attendance and also performance
such as promotion, tour arrangements, etc.,

Discipline

According to Calhoun “ Discipline may be considered as the force that prompts

individual or groups observe rules, regulations, standards and procedures deemed
necessary for an organization”

42
PROBLEMS

 The Workers have the negative thoughts about the concern.

 The Owner himself perform many function.

 They are producing only quality products but they have only limited
coverage.

 The owner never allow the workers to participate in the decision making
process.

43
SUGGESTIONS

 They can improve the morale among the workers by inviting them to
participate in the decision making process of the firm.

 The owner may delegate the authority to the staff, so that unnecessary
work load of the owner can be reduced.

 They can extend their market areas, so that they can increase their profit.

 They must invite suggestion from the workers also for continuous
improvement.

44
 CHAPTER - V

CONCLUSION

The training in SRI RAMA WAX INDUSTRIES helped me to gain knowledge

about the various managerial practices followed by a well established concern. This
practical knowledge gave a good support to study more about theory.

The trainee has very much. I am thankful to the valuable guidance given to me by
the owner and workers of “ SRI RAMA WAX INDUSTRIES ”. It gives me a practical
knowledge about the various aspects of management of
SRI RAMA WAX INDUSTRIES in Sivakasi.

45