Professional Documents
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INDUSTRY OVERVIEW
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1.1 INTRODUCTION TO TEXTILE INDUSTRY
The Global Textile Industries has become very organized and impressive
industry in modern times. High production of wool, cotton, and silk in all over the
world has given boost to the textile industry in recent years. According to statistics,
the global textile market possesses a worth of more than $ 400 billion presently. In a
more globalize environment, the industry has faced high competition as well as
opportunities.
The textile industry is organized and well planned since last few decades. The
Asian countries have taken effective steps for the growth of textile industry as they
have realized the important of this industry. Today China is the largest producer of
Polyester in the allover world.
The process of turning cotton into yarn for knitting and weaving is known as
spinning. Spinning is the most concentrated and technologically advanced sector in
India’s textile industry, mostly as a result of deregulation that started in the middle of
the 1980s.
The export of cotton textile was $ 11.1 billion with 30% share during 2022-
2023. Indian textiles industry to reach $250 billion market size by 2030. Fabric
production increased from 374.54 lakh tones to 470 lakh tones in 2022-2023.
This has created many opportunities for all the countries in global market
allowing countries like Shree Lanka, Bangladesh, China, India, etc. The global textile
industry relies on polyester fir its growth and this trend is expected to accelerate.
India is the 5th largest producer of technical textiles worldwide with a market
size of around $24.3 billion, which is expected to reach $300 billion by 2047.
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1.2 INDIAN SCENARIO OF TEXTILE INDUSTRY
The textile industry can be broadly classified into two categories, the
organized and unorganized mill sector. The following chart shows the structure of
Indian Textile Industry:
India’s position in world trade is also equally important. The following points
signify it. India is :
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1.3 TOP 10 PLAYERS IN INDIA
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1.4 TOP PLAYERS IN GUJARAT
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1.5 MAJOR PLAYERS IN AMRELI
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CHAPTER 2
COMPANY OVERVIEW
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2.1 COMPANY PROFILE
PARTICULARS DETAILS
Firm Logo
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2.2 HISTORY OF FIRM
Visualizing the potential and rapid growth in cotton industry and textile
industries during last many years, promoters of the proposed project has decides to set
up spinning unit at Aliudepur, District:-Amreli, Gujarat.
The promoters of the projects have formed a private limited company in the
name of PHENIX SPINNING PVT.LTD from February 18,2014 and get it register of
companies, Ahemedabad, Gujarat.
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2.3 SWOT ANALYSIS
Strengths
1. Long textile tradition
2. Large pool of skilled and cheap work force
3. Efficient multi-fiber raw material manufacturing capacity
4. Spinning mill produce a large scale yarn which often benefits of economic
of scale.
5. Well maintain quality standard and quality of a yarn.
6. Well established supply chain in the company
Weaknesses
1. Lower advertising compare to those competitors.
2. Adoption of new technology is delayed due to insufficient capital.
3. Changing global price on cotton products might affect production cost
resulting to extra cost for the company.
4. Over dependency on export.
Opportunities
1. Increasing demand for cotton fabrics in India
2. Textile sector is growing at an average rate of 10% yearly
3. Textile has increased the global trade
4. Textile industry identified as a thrust area by government for development
and promotion of growth
Threats
1. Fluctuations in the product prices and raw material cost.
2. Competition from the major players
3. Huge unorganized sector.
4. Increasing popularity of polyester fabric.
5. Unfavourablelabour lows.
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2.4 MISSION & VISION
VISION
MISSION
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2.5 PRODUCTMANUFACTURED
Phenix Spinning Mill converts fiber into yarn using various machines.The
main product of this mill is cotton yarn.This cotton yarn is exported and also sold in
the domestic market.
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CHAPTER 3
FUNCTIONAL DEPARTMENT
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DEPARTMENTAL CHART
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3.1 PRODUCTION DEPARTMENT
Introduction
The universe is the center of all unity. It is very important that the
generation cycle runs and runs properly. This department of the company makes
important commitments to achieve the main goals of the organization. Mills are busy
turning raw objects into finished or semi-finished products.
The creation of a board is a model that effectively creates, that is, plans,
coordinates and controls the tasks of the part of an organization responsible for the
actual conversion of materials into a complete work.
Location Factor
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Production Process
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Ring Frame: Production of yarn of desired count with suitable twist and
insertions.
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3.2 MARKETING DEPARTMENT
Introduction
The marketing department promotes your business and sells its products. The
marketing department has the overall responsibility of increasing revenue, increasing
market share and contributing to the growth and success of the company.
Marketing is the main function because without the market the goods cannot
be sold out. But in the field of textile the role of the marketing department is not much
necessary, because the entire produced good are not the finished goods and it should
take away for the further process.
A marketing department promotes your business and drives sales of its products. It
provides the necessary research to identify your target customers and other audiences.
Four P’s
Product
Price
Place
Promotion
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This four P’s is most important for a any organization. The whole marketing
strategies are depended on this four marketing mix tools.
Product :-
Phenix Spinning Mill converts fiber into yarn using various machines.The
main product of this mill is cotton yarn.This cotton yarn is exported and also sold in
the domestic market.Phenix spinning mil produce a combed white cotton yarn.
Price :-
The price of cotton yarn is also decided by Phenix Spinning Mill according
to production cost, quality or quantity of product and market demand and situation.
The product is sold in the local market and the yarn is also exported. Marketing
strategies are built around price, as prices makes major contribute in profitability of
business enterprises.
Place :-
Phenix spinning mill is set up at strategic location inAmreli city at lathi road,
where state highway is passing so there has a good transportation facility which is
helping in distribute of a product for export and local market.
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Promotion :-
Manufacturer
Distributer
Dealers
Retailers
End Users
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Distribution Channel for Export
Producer
Market
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3.3FINANCE DEPARTMENT
Finance is the most important part of any businesses. Finance is the life
blood of any businesses. Business can’t operate without the finance. Phenix Spinning
Mill is financially strong company.
Phenix Spinning Mill’s authorized share capital is Rs. 33,10,00,000 and its
paid up capital is Rs. 33,10,00,000 and its Reserve and Surplus is Rs. 18,48,41,550
according to 31st March 2023 balance sheet. It involved in spinning, weaving and
finishing of textiles. In a company finance department is affiliate from any other
department and account manager handle this department.
Below is the Balance Sheet and Profit & Loss A/C of Phoenix Spinning
Mill as per 31st March 2023.
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Profit & Loss A/C of Phenix Spinning MillAs On 31’March 2023
4. Expenses:
-Cost Of Materials Consumed 773,35,137.29
-Purchase Trades Goods –Stock –In Trade NILL
-Changes In Inventories (41,236,42.90)
-Power &Fuel –Electricity And Certification Expenses 26,605,410.19
-Employee Emoluments Expenses 56,848,485.70
-Directors Remuneration 4,867,200.00
-Depreciation &Amortization Expense 40,229,324,48
-Financial Charges 22,275,761.10
-Other Expenses 24,256,767.25
Total Expenses 906,47,657.11
10.Tax Expenses :
(1) Current tax NILL
Add/Less: MAT Credit Entitlement -6,004,437.00
Net Current Tax -6,004,437.00
(2) Deferred tax 14,331,926.00
11. Profit/Loss for the period from Continuing 56,308,305.81
Operations
12. Profit/Loss for the period 56,308,305.81
13. Earning per Equity Share of face value of
10 each Basic and Diluted (in Rs.) 1.70
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Balance Sheet of Phenix Spinning Mill
AS On 31’March 2023
1) Shareholder’s Fund
(a)Share Capital 331,000,000,.00
Share Warrants
Share Application Money Pending
for Allotment NILL
(Net)/PY Gross
(c) Other Long-term Liabilities NILL
3) Current Liabilities
(a) Short-term Borrowing 143,491,408.71
TOTAL 1,162,838,789.28
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II. ASSETS
TOTAL 1,162,838,789.28
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3.4 HUMAN RESOURCE DEPARTMENT
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There are several facilities provided to the workers working at the firm. This facilities
have a two types:
i. Statutory Facilities
ii. Non-statutory Facilities
Phenix Spinning Mill provide a statutory and non-statutory facilities to its employees,
which are listed as below :-
Statutory Facilities
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Non-statutory Facilities
2) 3 Shift of 8 hours
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CHAPTER 4
DIAGNOSIS PHASE
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4.1 RESEARCH STATEMENT
Wastes that are usable are generally use for the coarser count yarn and open-
end spinning. Wastes that are not reusable are sold out to the market at low prices.
These wastes are seeds, coats, leafy matter, hard waste, etc.
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4.2 OBJECTIVE OF STUDY
1) PrimaryObjective:-
2) Secondary Objective:-
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4.3 SCOPE OF STUDY
To Researcher
To Company
The firm can make implementation strategies based on the details captured
during the research.
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CHAPTER 5
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5.1 RESEARCH METHODOLOGY
TYPES OF RESERCH
Exploratory Research
Descriptive Research
Experimental Research
Causal Research
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(1) Exploratory Research :
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5.2 SOURCES OF DATA
Primary Sources
Secondary Sources
Primary data are the data that has been collected for the first time by
researcher and been usedexclusively. Primary sources of data are more
reliable.
Survey method
Observation method
Interview method
Questionnaire method
Focus groups etc.
Secondary sources of data are second-hand data. This type of data are
collected by other researcher in past and already exists which known as
secondary data.
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References Book
Article
Newspaper
Magazine
Other documents and record etc.
In this research we have used Observation method and questionnaire method for
primary data.
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Samling Frame
Sampling Size 1
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5.3 WASTE IN SPINNING MILL
Waste is type of material which has not in use, some waste are useful and
some waste are not useful. Waste includes all items that people no longer have any
use for, which they either intend to get rid of or have already discarded. Some waste
are usable which are used for the courser count yarn, open-end rotor spinning etc.
In practical ,
Blowroom,
Carding,
Drawframe,
Ring Frame
The waste occurring in the spinning mill can be classified into two types as
Soft Waste :
The waste which is in fibersare called as the soft waste. The soft waste is
generated from carding to the speed frame in spinning process. These soft
waste are reusable for producing a low quality of yarn. Examples ; coarser
count yarn or open-end spinning yarn .
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Hard Waste :
The waste which is not reusable is called as hard waste.These waste are
produced in ringframe and the winding department.
Dirty Spenders
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List of Waste in Cotton Spinning Mill with Percentage:
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5.4 DATA ANALAYSIS
Below are the interview questions asked to the management of Phenix Spinning Mill
PVT. LTD.
Cotton Fibers
Thread: It is a fine cord made up of two or more twisted fibers used in sewing
and weaving
TYPE OF WASTE
Soft waste - The waste which is in fibers form is called as the soft waste. The soft
waste is generated from carding to the speed frame( Including all types of slivers
bits, lap pits, roving ends, pneumafil and roller waste. These soft waste are reusable
Hard waste - The waste which is not reusable is called hard waste. These waste are
produced in the ring frame and the winding department.
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[5] How can the spinning mill reduce yarn waste during the production process?
The spinning mill can reduce yarn waste by implementing better quality
control measures, optimizing machine settings, and using advanced
technology for precise yarn production.
[7] Which are the major factors for waste generation in spinning mill ?
[8] List the percentage of waste during production process in spinning mill.
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[9] How do you identify and categorize different types of waste in your spinning
mill?
(11) What measures do you have in place to minimize raw material waste during
the spinning process?
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5.5FINDINGS
• From the above evaluation, we found that there are various types of cotton
waste, such as: sensitive waste, solid waste, blowing chamber waste, carding
waste, dust, etc.
• There are different types of garbage, flies, garbage, soft garbage, and hard
garbage.
• For conventional plant waste, the air area of the onboard facility is usually
used for waste collection.
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CHAPTER 6
IMPLEMENTATION PHASE
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6.1 ALTERNATIVE COURSE OF ACTION
The above study found that most of the cotton misuse was clearly accumulated
in reusable waste, messy waste, accumulation and dispersion.
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6.2 DETERMINATIONOF THE SOLUTION
To check for card damage, the card is an excellent seed coating machine.
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6.3 POSSIBLEBENEFITS FROM THE ACTION
TAKEN
Overall, waste control in a spinning mill can lead to economic, environmental, and
operational advantages that benefit both the business and its stakeholders. Taking
action to control waste in a spinning mill can offer several benefits, including:
1. Cost Reduction:
Waste control measures can lead to reduced material and energy consumption,
resulting in lower operating cost of production.
2. Increased Efficiency:
3. Environmental Impact:
4. Regulatory Compliance:
Meeting waste control regulations and environmental standards can help avoid
legal issues and fines.
Reducing waste can produce to better yarn quality, which can enhance the
reputation and competitiveness of the mill's products.
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6. Enhanced Sustainability:
Waste reduction aligns with sustainable practices and can be a selling point for
customers who value environmentally responsible suppliers.
Investing in waste control measures may require upfront costs but can yield
long-term savings and a better return on investment.
8. Resource Conservation:
Efficient waste control helps conserve valuable resources, such as water and
raw materials.
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6.4 SUGGESTIONS
Waste cotton should be used as a raw material for throws, cushion covers and
khadi table runners, napkins and table cloths.
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6.5 CONCLUSION
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ANNEXURE
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Research Questions :-
(5) How can the spinning mill reduce yarn waste during the production process?
(6) What training programs are provided to employees to promote waste reduction
practices?
(9) How do you identify and categorize different types of waste in your spinning
mill?
(12) What measures do you have in place to minimize raw material waste during
the spinning process?
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REFERENCES
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Article and research paper
Websites:
www.phenixspinningindia.com
www.superspinning.com
http://sludgemanagment.com
www. wastemanagement.com
www.taxtile.com
https://textilelearner.net
https://texpedia.org/
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