1.

INTRODUCTION

1.1 Manufacturing sector

India is an attractive hub for foreign investment in the manufacturing sector. Several mobile
phone, luxury and automobiles brands, among others, have setup or looking to establish their
manufacturing bases in the country.
Industrial manufacturing is a major growth sector for the India economy with diverse companies
including those engaged in manufacturing of machinery and equipments, electrical and metal
products, cements, building and construction materials, rubber and plastic products and
automation technology.

1.2 Mattress Industry

A bed is a piece of furniture which is used as a place to sleep or relax. most of the modern beds
consist of a soft, cushioned mattress on a bed frame, the mattress resting either on a solid base,
often wood slats, or a sprung base. Many beds include a box spring inner –sprung base, which is a
large mattress-sized box containing wood and springs that provide addition support and suspension
for the mattress. Beds are available in many sizes, ranging from infant sized bassinets and cribs, to
small beds for a single person or adult, to large queen and king-size beds designed for two people.
While most beds are single mattresses on a fixed frame, there are other varieties such as the
Murphy bed which provides two mattresses on two tiers. Temporary beds include the inflatable air
mattress and the folding camp cot. Some beds contain neither a padded mattress nor a bed frame,
such as the hammock. Some beds are made especially for Animals.
Beds may have a headboard for resting against, and may have side rails and footboards

“Headboard only “beds may incorporate a “dust ruffle”, “bed skirt”, or “valance sheet” to hide the
bed frame. To support the head, a pillow made of a soft, padded material is usually placed on the
top of the mattress. Some form of covering blanket is often used to insulate the sleeper, often bed
sheets, a quilt, or a duvet, collectively referred to as bedding, Bedding is the removable non
furniture portion of a bed, which enables these components to be washed or aired out.

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1.3 Duroflex. Pvt. Ltd.

Duroflex private limited is a private incorporated on 09 November 1981. It is classified as non

govt Company and is registered at registrar of companies, Ernakulam. Its authorized share capital
is Rs. 100,000,000 and its paid up capital is Rs . 54,526,688. It is involved in manufacture of
furniture
Duroflex private limited’s Annual General meeting (AGM) was last held on 28 September 2018
and as per records from ministry of corporate affairs (MCA), its balance sheet waslast filed on 31
march2018.
Directors of Duroflex private limited are Mathew chandy, Stanley Kunjippalu, JacobJoseph
George, Mathew Antony Joseph, Mathew George, AnshulJain.
Duroflex private limited’s Corporate Identification Number is (CIN)
U36104KL1981PTC003447 and its registration number are 3447. Its Email Address is
duroflex@duroflexworld.com and its registered address is P B NO 3808CHUNGOM
ALLEPPEY KL 688011.

1.3.1 Vision
“To be the leading quality mattress manufacturer, supplier and exporter”

1.3.2 Mission

 To manufacture and supply wide range of quality beds.

 To be an industry leader in sales growth and profitability performances.

 Providinganoutstandinginvestmentforourshareholders,employees,communityand suppliers
 To promote the relationship-focused, team-oriented and honor-driven corporate culture.

1.3.3 Objectives adopted by DUROFLEX. PVT. LTD.

 Customer focused: Respected and trusted for delivering on promises.

 Agile: Able to respond quickly with high –quality, cost-effective solutions.

 Proactive: The Company knows and understands customer requirements.

 Global: Committed to exceeding customers and vehicle needs every time, everywhere.

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1.3.4 Establishment details
Establishment Name : Duroflex Private Limited

City : Hosur
Pin code : 635114
Address : komaranapalli(v) ,krishnagiri(dist) Tamil Nadu-635114

1.3.5 Competitors

 Kurl-on

 Sleepwell

 Rubco

 Tempur-pedic

 Dunlopillo

 MMFoam

 Sleepzone

 King koil

 Restonic

1.3.6 Clients
 AIRTEL INDIA

 TATA TELESERVICESLIMITED

 LEXOLOGY

 ACTFIBERNET

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 2. OBJECTIVES

2.1 GENERAL OBJECTIVES:

1) To gain an insight on product based company.

2) To develop skills and competencies that will enhance our employability.
3) To create a professional network that can lead to future employment opportunities.

2.2 SPECIFIC OBJECTIVES:

1) To learn the basic operations of “Duroflex pvtltd”.

2) To know about the various departments of “Duroflex pvtltd”.
3) To find out the various products offered by “Duroflex pvt ltd”.
4) To gain practical knowledge and experience in various departments of “Duroflexpvt ltd”.

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 3. Company’s profile

3.1 Company Details

Table 3.1.1
(Company Details)

CIN U36104kl1981ptc003447

Company Name Duroflex Private Limited

Company Status Active

ROC Roc-Ernakulam

Registration Number 3447

Company Category Company Limited By Shares

Company Sub Category Non-Govt Company

Class Of Company Private

Date Of Incorporation 09 November 1981

Age Of Company 38 Years

Activity Manufacture Of Furniture

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3.2 Summary of Departments

Production department

The production department consists of a manager and two supervisors how control all the workers
who take part in production process. These department takes cares of all the activities that take
place while the production of Mattress. It takes charge on activities such
asthestockofrawmaterialinthestockroom.Theyordertherawmaterialsfortheproduction of Mattress.
When an order is placed the designing department goes the field and designs a layout of Mattress is
produced as per the design. Duroflex has latest machines which will in the faster delivery of the
products and to minimize the labor cost. There is a quality check team in the company which checks
the produced goods at each stage to minimize the loss.

Accounts department

The accounting department takes care of both finance and accounting activities. The accounts
department consists of a manager and four employees. Two employee deals with the financing
activities and the other two employee’s deals with the recording of the transaction that take place in
the company. Each and every transaction is recorded with a supporting voucher. At Duroflex the
auditing takes place every three months and the accounts departments as to submit all the records
and the vouchers supporting the transaction which are the vouchers and the supporting the
transaction which are filed in journal and purchase Books.

Mattress Department

The mattress department consist of a manager and two supervisors how controls all the
workerswhotakepartinproductionprocess.Themattressdepartmenttakescareofactivities

Which take place in production of mattress. This department orders all the raw materials like
fabricsandothermaterials.Ittakespartinonlyproductionbeds.Thereisaseparateteamfor the installation
of the produced mattress.

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 4. WEEKLY REPORT

4.1 WEEK-1

23/12/2019 (MONDAY)

On the first day of my internship these were the things I learnt from the company and what I was
trained:

1. I learnt the difference between the journal and purchase voucher and file them in a
chronological order in journal and purchase voucher books respectively.

2. I learnt how the raw materials enter into the company and how they are updated in the ERP.

3. I entered few transactions like purchase of raw materials; cash paid to a worker as salary in
advance, fright charges while exporting the finished goods to the clients, auto fair of a gust
visitor, expenses of worker who is on duty outside on office works, etc.

4. I learnt the recording of transactions.

5. I got print of the transaction recorded and filed them in the journal voucher book with the
approval of the accounts manager.

24-12-2019 (TUESDAY)

I got a detailed idea of how the transactions are recorded. And no entry is made without a
voucherasitcouldbeanegativemarkwhileauditingprocess.Icametoknowtheimportance of auditing in
an organization.

These were the things I learnt in the company on my second day of internship:

1. I came to know the importance of auditing.

2. How files are to be maintained for audit process.

3. Recording transactions in tally.

4. Making a purchase entry and updating the stock.

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25/12/2019 (WEDNESDAY)

These are the things I learnt in the company on my third day of internship:

1. I got to know about the complete layout.

2. The production process of mattress.

3. The function of each and every machine in the company.

4. Recorded the expense vouchers in tally.

5. Checked the bills, if the address of company is correct or not and calculating the total value
of bill.

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4.2 WEEK-2

02/01/2020 (THURSDAY)

1. Getting printout of the transactions recorded in tally.

2. Filing the vouchers in respective books.

3. Recording daily transactions.

4. Checking the bills.

5. Filing the bills.

03/01/2020 (FRIDAY)

1. I got to know how the quality check happens.

2. Different types of tests done to check the quality of mattress.

3. Entering the daily transactions.

4. Checking the bills.

5. Checking the totals of the bills.

04/01/2020 (Saturday)

1. Prepare a ledger in tally.

2. Recorded few transactions.

3. Checking bills.

4. Got to know how the ERP is recorded.

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4.3 WEEK-3

08/01/2020 (WEDNESDAY)

1 Had a live scenario how prepaid salary is paid to the worker.

2 Learnt how to create a company in tally and few settings.

3 Recording daily transactions.

4 Checking the bills.

5 Filing the bills.

09/01/2020 (THURSDAY)

1. Getting printout of the transaction recorded in tally.

2. Filing the vouchers in the respective books.

3. Learnt how to prepare a ledger in tally.

4. Recorded few transactions.

10/01/2020 (FRIDAY)

1. Checking bills.

2. Entering the daily transactions.

3. Learnt about tally and its scope.

4. Checking the totals of the bills.

11/01/2020 (SATURDAY)

1. Got a chance to work with the workers in production unit.

2. Learnt how to mingle with the workers.

3. Had the experience of working in the production unit.

4. Learnt how to important it is to maintain quality of a product.

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4.4 WEEK-4

14/01/2020 (TUESDAY)

1) Getting printout of the transaction recorded in tally.

2) Filing the vouchers in respective books.

3) Entering the daily transaction.

4) Checking the bills.

5) Checking the total of the bills.

16/01/2020 (THURSDAY)

1) Checking bills.

2) Entering the daily transactions.

3) Learnt about ERP.

4) Checking the totals of the bills

17/01/2020 (FRIDAY)

1) Getting printout of the transactions recorded in tally.

2) Filing the voucher in respective books.

3) Learnt about GST.

4) Recorded few transactions.

5) Got know about TDS.

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 5. SWOTANALYSIS

STRENGTHS
 All the workers in the company are highly qualified.
 All the people in the company work as a team.
 The sales revenue of the company is increasing it shows the positive sign.
 60%of respondents belong to the age of below 25years, so there is chance for new ideas and
innovations.

WEAKNESSES
 High cost of raw materials increases the operating expenses.
 Difficult to train new employees.
 Electricity charges are increasing rapidly this is negative sign for the company.
 The company m latest machinery to produce mattress which increases the maintenance cost and
high electricity bills.

OPPORTUNITIES
 The company can sell the mattress on online platform.
 There is huge demand for the luxury mattress products in Indian economy.
 Growing demand for the multi-functional mattress with various features such as stylish design,
light weighted
 Raising demand among customers for home décor is influencing the sale of mattress.

THREATS
 Companies are also increasing drastically.
 The suppliers might not be able to supply the raw materials as demanded.
 Due to the future development in technology the company might not able to easily cope with
the changes.
 The customers taste keeps changing and each customer have their own taste and preference, so
it is a challenging task to design furniture as per their needs.

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 6. SELF-EVALUATION

I would like to thank Duroflex private limited, for providing me the opportunity to undertake
internship in their company and creating an enjoyable working atmosphere. During my internship
I learnt many things. They helped me to gain the practical knowledge, which will help me in my
further academics. During my internship I worked in accounting department and production
department.
During my internship I was given a chance to visit the company production unit and saw the live
production of mattress. Saw how the mattresses are made at each stage. And in order to minimize
the loss the quality check team tests the quality of the some random products at each stage of
production and if the defected product is found the production of that particular product is stopped
in this stage only so, that the company should not spend on a defected and make a loss.
This internship not only helped me in my academics but also helped a lot to improve myself and
develop various skills, it boosted my self-confidence, and I learnt how to mingle with new people
and how to cope with this rapidly changing world and make myself a better person both socially
and professionally.

These were the things that I learnt during my internship.

 The importance of auditing for a company.
 Saw how the quality check of mattress happens.
 How important it is to maintain quality of products.
 Maintaining consistency in production.
 Learnt about sizes of mattress.

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 7. CONCLUSION

The company has adopted various tools for cost reduction purpose, be it on training of employees
with regards to cost reduction are employing the younger generation in a company for production
purpose and so on.

The DUROFLEX PRIVATE LIMITED can be concluded that the company has grown
tremendously in profit and production. The sign of growth is a clear indication that the company is
poised for further growth, expansion and diversification.

DUROFLEX PRIVATE LIMITED has excellent opportunity in Indian markets, and tomorrow’s
economy of India will belong to those who will cultivate imagination, creativity, flexibility, open
mindedness, risk taking and innovative spirits. All those characteristics can lead the company on
successful path.

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