INSTITUTIONAL TRAINING REPORT ON

SRI SRIPATHI TEX PVT LIMITED

An Institutional Training Report

Submitted by
VIGNESH A
(17BCS066)

Under The Guidance of

C. PRAMILA.,M.COM(CS).,MBA.,M.PHIL(CS).,DOA
Assistant Professor
Submitted in Partial Fulfilment of the requirement for the award of the degree
B.COM (CORPORATE SECRETARYSHIP)

GRD SCHOOL OF COMMERCE AND INTERNATIONAL BUSINESS

DR. G. R. DAMODARAN COLLEGE OF SCIENCE
(Autonomous and affiliated to the Bharathiar University recognized by the UGC)
Re-accredited at the ‘A’GRADE level by NAAC and
An ISO 9001: 2008 certified institution CRISIL rated ‘A’(TN) for MBA and MIB programs
Avinashi road, Civil Aerodrome Post, Coimbatore – 641014

2019 - 2020

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GRD SCHOOL OF COMMERCE AND INTERNATIONAL BUSINESS
DR. G. R. DAMODARAN COLLEGE OF SCIENCE
(Autonomous and affiliated to the Bharathiar University recognized by the UGC)
Re-accredited at the ‘A’GRADE level by NAAC and
An ISO 9001: 2008 certified institution CRISIL rated ‘A’(TN) for MBA and MIB programs
Avinashi road, Civil Aerodrome Post, Coimbatore – 641014

CERTIFICATE

This to certify that the Internship report done at SRI SRIPATHI TEX PVT LTD has been
submitted by VIGNESH A(17BCS066) in partial fulfillment of the requirement for the award of
the degree of Bachelor of Commerce In corporate secretaryship.

C. PRAMILA Dr. K. K. Ramachandran

Faculty Guide Director

Submitted for the viva-voce examination held on _______________

Internal Examiner External Examiner

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 DECLARATION

I, VIGNESH A hereby declare that the Institutional training report done at SRI SRIPATHI TEX

PVT LTD, submitted to Dr. G.R.DAMODARAN COLLEGE OF SCIENCE in partial

fulfillment of the requirement for the award of degree of B.Com (corporate secretaryship)) is a

record of original work done by me under the supervision of C PRAMILA Assistant Professor,

School of Commerce and International Business, and it has not formed the basis for the award of

any Degree/Diploma/Associate ship/Fellowship or other similar title to any candidate in any

university.

PLACE: Coimbatore SIGNATURE OF THE CANDIDATE

DATE:

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 ACKNOWLEDGEMENT

I wish to express my sincere gratitude to the management of Dr. G. R. Damodran College

of Science for giving this wonderful opportunity to gain management knowledge in their esteemed
organization.

My Special thanks to principal of our college Dr. T. Santha, M.Sc., PGDCA., M.Phil;
(CS)., Ph.D., for her support in allowing me to complete the internship successfully.

I also wish to express my deep sense of gratitude to our respected Director, Dr.
K. K. Ramachandran, M.Com., MFT., M.Phil., PGDCS., Ph.D., for his unfaltering faith in his
students and providing us with new ways to excel in the field of commerce.

I would like to express my sincere thanks to Dr. S. Dhanaraj, M.Com., M.Phil., Ph.D.,
Head, Department of Commerce, and Dr.K. Senthil , M.com, Ph.D course co-ordinator of B.Com
(CS) for his motivation and timely assistance.

My Sincere thanks to my guide C. Pramila the Assistant Professor, School of Commerce

and International Business, Dr. G. R. Damodaran College of Science for her valuable guidance,
enthusiastic effort and timely help towards the completion of the report.

I would like to extend my sincere gratitude to all faculties of School of Commerce and
International Business

I sincerely express my thanks to the management of sri sripathi tex pvt LTD , for allowing
me to do internship training in their esteemed company.

I also extend a huge thanks to my parents, friends and the Almighty for having supported
me in doing this internship training.
VIGNESH A

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CONTENTS:

1. INDUSTRY PROFILE

2. COMPANY PROFILE

3. ORGANISATIONAL CHART

4. FUNCTIONAL DEPARTMENTS

5. PRODUCT DETAILS

6. SWOT ANALYSIS

7. CONCLUSION

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1. COMPANY PROFILE

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TEXTILE INDUSTRY

The Textile Industry in India traditionally, after agriculture, is the only industry that has

generated huge employment for both skilled and unskilled labour in textiles. The industry continues to be the

second-largest employment generating sector in India. It offers direct employment to over 35 million in the

country. The share of textiles in total exports was 11.04% during April–July 2010, as per the Ministry of

Textiles. During 2009–2010, the Indian textile industry was pegged at US$55 billion, 64% of which services

domestic demand. In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in

all of India. According to AT’Kearneys ‘Retail Apparel Index’, India was ranked as the fourth most promising

market for apparel retailers in 2009. India’s textiles sector is one of the oldest industries in Indian

economy dating back several centuries. India's overall textile exports during FY 2017-18 stood at

US$ 39.2 billion in FY18 and is expected to increase to US$ 82.00 billion by 2021 from US$

31.65 billion in FY19 (up to Jan 19).

The Indian textiles industry is extremely varied, with the hand-spun and

hand-woven textiles sectors at one end of the spectrum, while the capital intensive sophisticated

mills sector at the other end of the spectrum. The decentralised power looms/ hosiery and

knitting sector form the largest component of the textiles sector. The close linkage of the textile

industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of

the country in terms of textiles make the Indian textiles sector unique in comparison to the

industries of other countries. The Indian textile industry has the capacity to produce a wide

variety of products suitable to different market segments, both within India and across the world.

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 The textile industry is primarily concerned with the design, production and

distribution of yarn, cloth and clothing. The raw material may be natural or synthetic using

products of chemical industry. Natural fibres are either from animals or minerals or from

plants. There are some indications that weaving was already known in paleolithic. Neolithic

textiles were found in pile dwellings excavations in Switzerland and at Egypt which dates

about 5000BC. In roman times ,wool, linen and leather clothed the European population, and

silk, imported along the silk road from china. During the late medieval period, cotton began

to be imported into northern Europe. By the end of 16th century , cotton was cultivated

throughout the warmer regions of asia and America.

Textile production formed an important function in ancient Egypt in

both religion and commerce. Developments in agriculture contributed to the advancement of the

textile industry. Ancient Egyptian scrolls and pyramid murals depict the growing, harvesting,

and weaving of flax into linen. It was used to make clothes, rope, and death shrouds. It has

4 been found that in Greek and roman civilisations, as well as across Europe , sheep’s wool was

a favourite material. And silk spun from the cocoons of moths was a commodity across asia.

The Indian textile industry has a significant presence in the economy as

well as in the international textile economy. It contributes to the 20 percent of industrial

production, 9 percent of excise collections, 18 percent of employment in the industrial

sector, nearly 20 percent to the country’s total export earning and 4 percent to the gross

domestic product. India has been well known for the textile goods since very ancient

times. The modern textile industry took birth in india in the early 19th century. The first

textile mill in the country was established at Calcutta in 1818.

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Market Size

The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach

US$ 250 billion by 2019. India’s textiles industry contributed seven per cent of the industry

output (in value terms) of India in 2017-18.It contributed two per cent to the GDP of India and

employs more than 45 million people in 2017-18.The sector contributed 15 per cent to the export

earnings of India in 2017-18.

The production of raw cotton in India is estimated to have reached 36.1 million bales in FY19^.

Investment

The textiles sector has witnessed a spurt in investment during the last five years. The industry

(including dyed and printed) attracted Foreign Direct Investment (FDI) worth US$ 3.12 billion

during April 2000 to March 2018.

Some of the major investments in the Indian textiles industry are as follows:

• In May 2018, textiles sector recorded investments worth Rs 27,000 crore (US$ 4.19

billion) since June 2017.

• The Government of India announced a Special Package to boost exports by US$ 31

billion, create one crore job opportunities and attract investments worth Rs 800.00 billion

(US$ 11.93 billion) during 2018-2020. As of August 2018, it generated additional

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 investments worth Rs 253.45 billion (US$ 3.78 billion) and exports worth Rs 57.28

billion (US$ 854.42 million).

Government Initiatives

The Indian government has come up with a number of export promotion policies for the textiles

sector. It has also allowed 100 per cent FDI in the Indian textiles sector under the automatic

route.

Initiatives taken by Government of India are:

• The Directorate General of Foreign Trade (DGFT) has revised rates for incentives under

the Merchandise Exports from India Scheme (MEIS) for two subsectors of Textiles

Industry - Readymade garments and Made ups - from 2 per cent to 4 per cent.

• As of August 2018, the Government of India has increased the basic custom duty to 20

per cent from 10 per cent on 501 textile products, to boost Make in India and indigenous

production.

• The Government of India announced a Special Package to boost exports by US$ 31

billion, create one crore job opportunity and attract investments worth Rs 80,000 crore

(US$ 11.93 billion) during 2018-2020. As of August 2018 it generated additional

investments worth Rs 25,345 crore (US$ 3.78 billion) and exports worth Rs 57.28 billion

(US$ 854.42 million).

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 • The Government of India has taken several measures including Amended Technology

Up-gradation Fund Scheme (A-TUFS), scheme is estimated to create employment for 35

lakh people and enable investments worth Rs 95,000 crore (US$ 14.17 billion) by

2022.Integrated Wool Development Programme (IWDP) approved by Government of

India to provide support to the wool sector starting from wool rearer to end consumer

which aims to enhance the quality and increase the production during 2017-18 and 2019-

20.

The Cabinet Committee on Economic Affairs (CCEA), Government of

India has approved a new skill development scheme named 'Scheme for Capacity Building in

Textile Sector (SCBTS)' with an outlay of Rs 1,300 crore (US$ 202.9 million) from 2017-18 to

2019-20. The future for the Indian textile industry looks promising, buoyed by both strong

domestic consumption as well as export demand. With consumerism and disposable income on

the rise, the retail sector has experienced a rapid growth in the past decade with the entry of

several international players like Marks & Spencer, Guess and Next into the Indian market.

High economic growth has resulted in higher disposable income. This has

led to rise in demand for products creating a huge domestic market. Domestic Textile and

apparel industry contributes 2% to India’s GDP and accounts for 10% of industrial production,

27% of the country’s foreign exchange inflows and 11% of the country’s export earnings. The

Textiles & garments industry in India that employs 45 million people. India is the second only to

the agriculture sector in terms of employment.

India is the second largest producer of fibre in the world and the major

fibre produced is [cotton]. Other fibres produced in India include [silk], [jute], [wooL], and

[man-made fibers]. 60% of the Indian textile Industry is cotton based. The strong domestic

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demand and the revival of the Economic markets by 2009 has led to huge growth of the Indian

textiles industry. In December 2010, the domestic cotton price was up by 50% as compared to

the December 2009 prices. The causes behind high cotton price are due to the floods in Pakistan

and China . India projected a high production of textile (325 lakh bales for 2010 -11). There has

been increase in India's share of global textile trading to seven percent in five years. The rising

prices are the major concern of the domestic producers of the country.

• Man Made Fibres: This includes manufacturing of clothes using fibre or filament synthetic

yarns. It is produced in the large power loom factories. They account for the largest sector of

the textile production in India.This sector has a share of 62% of the India's total production

and provides employment to about 4.8 million people.

• The Cotton Sector: It is the second most developed sector in the Indian Textile industries. It

provides employment to a huge number of people but its productions and employment is

seasonal depending upon the seasonal nature of the production.

• The Handloom Sector: It is well developed and is mainly dependent on the SHGs for their

funds. Its market share is 13%. of the total cloth produced in India.

• The Woolen Sector: India is the 7th largest producer. of the wool in the world. India also

produces 1.8% of the world's total wool.

• The Jute Sector: The jute or the golden fibre in India is mainly produced in the Eastern states

of India like Assam and West Bengal. India is the largest producer of jute in the world.

• The Sericulture and Silk Sector: India is the second largest producer of silk in the world.

India produces 18% of the world's total silk. Mulberry, Eri, Tasar, and Muga are the main

types of silk produced in the country. It is a labour-intensive sector.

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In the early years, the cotton textile industry was concentrated in the cotton growing belt of

Rajasthan, Maharashtra and Gujarat. Availability of raw materials, market, transport, labour,

moist climate and other factors contributed to localisation. In the early twentieth century, this

industry played a huge role in Bombay's economy but soon declined after

independence.[10] While spinning continues to be centralised in Maharashtra, Gujarat and Tamil

Nadu, weaving is highly decentralised. As of 30 September 2013, there are 1,962 cotton textile

mills in India,[11] of which about 18% are in the private sector and the rest in the public and

cooperative sector. Apart from these, there are several thousand small factories with three to ten

looms.

India exports yarn to Japan, United States, United Kingdom, Russia, France, Nepal, Singapore,

Sri Lanka and other countries. India has the second-largest installed capacity of spindles in the

world, with 43.13 million spindles (30 March 2011)[12] after China. Although India has a large

share in world trade of cotton yarn, its trade in garments is only 4% of the world's total.

According to the ministry of textiles, nearly 45 million workers are employed directly in this

sector. Considering the labour-intensive nature of this industry, accelerated growth is likely to

lead to accelerated employment generation as well. An econometric exercise revealed that the

employment elasticity of this sector is 0.37. This means that a 1% increase in value-added

growth leads to a 0.37% increase in jobs. Therefore, if we assume that as a result of all these

interventions, the textiles sector is able to grow at 10% per annum, we should see job growth of

3.7% per annum. At present, cotton textile industry is largest organised modem industry of India.

There has been a phenomenal growth of this industry during the last four decades. About 16 per

cent of the industrial capital and over 20 per cent of the industrial labour of the country is

engaged in this industry. The total employment in this industry is well over 15 million workers.

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There are at present 1,719 textile mills in the country, out of which 188 mills are in public sector,

147 in cooperative sector and 1,384 in private sector. About three-fourths were spinning mills

and the remaining one-fourth composite mills. Apart from the mill sector, there are several

thousand small factories comprising 5 to 10 looms.

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2. COMPANY PROFILE

15
TEXTILE INDUSTRY IN TIRUPUR:
Tirupur was an agricultural town with irrigated farms and the farmers became

small owners of various textile related units during the 1970s. The boom in the textile industry

led to an inter woven network of the small scale units leading to growth of the city into a major

textile hub. Tirupur is the seventh largest city in Tamil Nadu and is one of the fastest developing

cities in the state. Popularly referred to as "Dollar City" or "Small Japan" or Banian City" it

excels in knitted ready-made garments. Yet, at first glance, nothing about Tirupur can make one

believe that this town earns and annual $1200 million plus in foreign exchange.

This is because the state government and local municipal authorities have

been too slow to cope with this dynamic growth. The main problems and difficulties faced by the

Tirupur Garment industry relate to raw material availability, pricing, subsidiary and ancillary

industries like processing units, labour, taxation and other law-enforcing agencies.

Business Name SRI SRIPATHI TEX

PAN Number BAMPS5820H

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Address

Pincode 641608

Entity Type Proprietorship

Registration
Regular
Type

TIRUPPUR (RURAL),
Department
TN289, XL0901, RANIPET- I
Code and Type
RANGE

Nature of
Wholesale Business
Business

Registration
01/07/2017
Date

Sri Sripathi Tex is registered in Tamil Nadu state only.

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3. ORGANISATIONAL CHART

18
 CEO

MANAGER

STOCK SALES OTHER

MANAGER REPRESENTATIVE WORKERS

19
4. FUNCTIONAL DEPARTMENTS

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DEPARTMENTS

Merchandising:

It is a vital process that involves planning, developing, executing and dispatching the order

(product) to the buyer. The merchandising process comprises guiding and supervising for the

successful processing of an order. The types of merchandising done in a garment unit are

marketing merchandising and product merchandising.

The main objective of marketing merchandising is development of product, costing and ordering,

and it has direct contact with the buyer. Product merchandising is carried out in the respective

apparel unit and involves all the responsibilities starting from sourcing to finishing.

Sampling department:

The sampling department coordinates with the merchandising and production department. It is

carried out to foresee finished product appearance and fit when produced in bulk and to confirm

whether there are any inconsistencies in the pattern according to the buyer’s specification. It also

aids to determine the fabric consumption along with that of thread and other accessories used.

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Fabric sourcing:

Fabric sourcing is mainly engaged in deciding where and how the fabrics have to be procured. It

works in conjunction with the merchandising department and looks after the delivery of the

required garments within the scheduled time and cost.

Purchasing department:

The main difference between the sourcing and purchasing department is that the sourcing section

works for sourcing the fabrics alone whereas the nature of the work of the purchasing department

comprises sourcing of accessories and trims as well.

Fabric inspection department:

The main aims of fabric inspection team are

1. Identification and analysis of fabric defects using various standard methods.

2. Selection of fabric according to AQL (accepted quality level)1.5.

Accessory stores department:

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The receipt of the raw materials or the accessories is normally completed in terms of documents

that are received from the merchants.

Production planning department:

Upon receipt of the orders from the merchants, preproduction meetings with the departments

have to be done. After that, the production department will assign the style to the specific line

that has the capacity to complete it on time. The planning section then carries out the estimation

and planning of order quantity, plan cut date (PCD), breakup of order, operation breakdown, etc.

based on the particular unit.

Laboratory department:

The laboratory or testing centre in the industry should be equipped with all the essential

instruments that are mandatory for the testing of fabric and accessories. If the facility for specific

tests mentioned by the buyer is not available in the industry, it should be sent to external

laboratories that are authorised by the buyers.

Machine maintenance:

Undesirable quality of garments mostly results from ill-maintained machines. Breakdown and

preventive maintenance is mainly aimed toward reducing the downtime and increasing lifetime,

respectively.

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Cutting section:

The cutting department normally receives the order from the production manager who has

approved the cutting order to cut a given quantity of garment styles. The cutting order sheet

contains the following information:

• Sampling average, garment weight and averages of other trims

• Measurement sheet

• Design of the garment

• Purchase order

• Fabric request sheet

• Marker planning – length of lay, etc., size ratio and colours in which the patterns are to

be cut

Production department:

The production department will obtain the details like

• The garment style

• Number of operators required

• The batch for which the style has to be installed

• Target for each day

• Breakup of the production quantity

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After receipt of all of the above details, the production department sends a request from the

cutting section for the cut parts. After assembling of the components, a line check has to be done

where the shade matching and the measurements are checked.

Industrial engineering section:

This department is comparatively new addition in apparel industry. It coordinates with several

departments since this department provides the entire plan of the garment manufacturing and the

thread and trims consumption criteria, operator’s skill level categorisation and other related

aspects.

Embroidery department:

It comes into play only when the particular garment style demands. It receives the garment panel,

style and the embroidery details from the merchandisers and they will also get a sample of the

garment on which the embroidery has been already done and it will be used as a reference

sample.

Fabric washing section:

After the completion of assembling and inspection process, the garments are sent to the washing

department for the washing or finishing that is required for the particular style according to the

specification sheet.

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Quality assurance department:

To maintain and control the quality, the quality assurance department divides the work into

different stages of manufacturing, which are categorised into three major groups such as

preproduction unit, cutting audit and sewing unit.

Finishing department:

The finishing department is the last section in the garment production prior to packing and

dispatch and it plays a significant role in the final garment appearance. It involves the following

processes.

1. Trimming: It removes the extra threads from the garment at the stitched areas.

2. Inspection: The inspection is done as per the AQL 2.5 system and mainly depends on

the buyer requirements.

3. Pressing: This is carried out after the garment has been inspected completely and the

garments are pressed or finished based on the method of their folding during packing.

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4. Tagging section: After the completion of fabric inspection and pressing, they are sent

for labelling, which includes the size labels, price tags and miscellaneous labels if any are

mentioned in the specification sheet.

5. Packing: The packing is done in the carton boxes. Individual packing of garments in

the poly bag and folding the garments and organizing them in the carton boxes without

placing them in the poly bag are the two types of packing followed in the garment industry.

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5. PRODUCT DETAILS:

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 1. T SHIRT:

A T-shirt or tee shirt is a kind of shirt which has short sleeves. These sleeves

cover the shoulders and the top of the arm, but they do not cover the elbow or the forearm. T-

shirts are usually made from cotton fabric or fabric which contains a mix of cotton and

polyester. People wear t-shirt because it's comfortable, some people wear it because it's their

style. Mostly, people who like to wear t-shirt are practical people. They don't want to spend

their time on choosing what outfit they should wear.

This tex has different types of t shirts according to the changing trend of people and the situation.

They have different types of t shirts of different brands. And they serve people well and they

serve their needs according to the people

2. SHIRTS:

A shirt is a cloth garment for the upper body (from the neck to the

waist). In British English, a shirt is more specifically a garment with a collar, sleeves with cuffs,

and a full vertical opening with buttons or snaps (North Americans would call that a

"dress shirt", a specific type of collared shirt).

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 3. JEANS:

Jeans are the type of pants or trousers typically made from

denim or dungaree cloth. Often the term ‘jeans’ refers to a particular style of trousers. This

was invented by Jacob.w.davis and levi strauss on may 1873.

4. TROUSERS:

Trousers or pants are an item of clothing that have

originated in central asia, worn from waist to knee. There are different types of trousers

available in this shop at reasonable rate which benefits most of the retail shops in and around

Tirupur.

5. SWEATSHIRTS:

A hoodie is a sweat shirt or a jacket with hood. Hoodies often

include a muff swen onto the lower front and a drawstring to adjust the hood opening.

These are the major products the shop deals in wholesale. They benefit a lot of resellers by

giving the products at a reasonable price.

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6. SWOT ANALYSIS:

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STRENGTH:

• Strong in house customer service management.

• Separate manufacturing facilities for each

• Assured high product quality

• Customer relationship.

• Work friendly environment

WEAKNESS:

• Procedure delay.

• No good stock maintenance

• There are many shops nearby doing the same business

• Most of the dealers in this region deals with mostly same products

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OPPORTUNITIES:

• Adopting future technology.

• Market upcoming for its unique products.

• Diversification

THREATS:

• Changing customers

• private competition

• same kinds of shops located nearby doing the same business

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7. CONCLUSION

34
 Running a successful business establishment requires lot of hard work

and dedication and commitment from the management and the employers. This company

is an organization that was at its peak of excellence. The organizations department works

in so effective and efficient manner which reflects on the success of the company.

Through this internship I have acquired more practical knowledge and experience rather

than theoretical. The theory things that I have studied have now benefited me in putting

things practically .Lastly I would like to thank sri shripathi tex limited for giving me an

wonderful opportunity to intern under them.

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