Mahatma Education Society’s

Pillai College of Arts, Commerce and Science

(Autonomous)
New Panvel
Academic Year- 2020-21
Continuous Assessment –II

Name- Abizer Zuzer Kachwala

Roll No- 8421
Class- TYBAF- A
Subject- Cost Accounting
Submitted to- Dr.Kiran Deshmukh
COMPANY –RAYMOND LTD
INTRODUCTION ABOUT THE COMPANY

 Raymond Group is an Indian branded fabric and fashion retailer,

incorporated in 1925. It produces suiting fabric, with a capacity
of producing 31 million meters of wool and wool-blended
fabrics.
 Thegroup owns apparel brands like Raymond, Raymond
Premium Apparel, Park Avenue, Park Avenue Woman
ColorPlus& Parx. All the brands are retailed through 'The
Raymond Shop' (TRS), with a network of over 700 retail shops
spread across India and overseas, in over 200 cities.
 …
In addition, the group also has business interests in readymade garments,
designer wear, cosmetics & toiletries, engineering files and tools,
prophylactics and air charter operations.

In 2019, Raymonds announced its venture into real estate business under
Raymond Realty. The new venture is poised to start with an investment
of Rs. 250 crore (approx $36 million) in developing mid-income and
premium housing units on 20 acres of land in the growing suburb of
Thane. Raymond group holds over 125 acres of land in this region.
BRANDS
RAYMONDS APPAREL LTD- PRODUCTION
PROCESSES AND CYCLE- STAGES

1.RESEARCH AND DEVELOPMENT

PRODUCT DESIGN

CAD-DESIGN STUDIO WHERE PRODUCTS ARE

DEVELOPED
 PRODUCTION CYCLE
 There are mainly three stages in the production cycle:
1. Research: -The kind of fabric required, quantity and quality of the fabric is
decided a year advance. Similarly the market demand, consumers preference
are also taken into consideration.
2. Design-Then as per the survey done by the Research and Development
Department, and also taking into consideration the customers demand and
overall market demand,
.The fabric is then given proper design and then with verification they are
passed on to the CAD dept.
3. CAD Design-In CAD, new styles are developed and modified according to
consumers needs.
RAYMOND FACTORY –MANUFACTURING
UNIT WITH ITS ALLIANCE PARTNERS
RAYMOND UNITS PRODUCED
Samples are taken from dealers regularly. Based on the season and
demand the number of units produce is considered. E.g. In a winter
season, more blazer or jackets are produced.

1.Price Structure: - The overall cost depends upon actual cost,

overheads and brand value of the product. About 90% of fabric is
manufactured at Raymond remaining 10% is imported.
2. Size: - The average height of a person is considered while making any
suits, shirts, trousers or blazers. The height considered is 5 feet 9 inches.
3. Workers: - Employment depends upon output, process, season,
demand in market etc. The Thane branch of workers has around 300
workers. Workers work for 8 hours daily having a break for ½ hour
PRODUCTION PROCESS
There are many stages in production process. All the designs, styling, markings for
the cutting of the fabric are computerized. Steps taken are as follows: -
 1. Cutting stage: - The machine used for cutting the fabric is gold-knife cutting
machine. It is a very dangerous machine if not handled properly. The machine
cuts the different parts of fabric i.e. the sleeves, collar, body etc. After different
parts are cut every part is numbered according to size, model number etc.
 2. Fudging: - In the stage thin white cloth is stuck inside the sleeves. This is to
make the material more comfortable for the person who wears it.
 3. Sorting: - Different parts of a suit are given different numbers. In the sorting
stage all the needed parts are brought together.
……
 4. Back and front: - In this stage the back and front part of the suit or blazer is
stitched. Proper measurements are taken and it is hand cut.
 5. Pocket: - In this stage the pockets are made. The pocket does not have a flap.
Proper measurements are taken with the help of the machines.
 6. Lining of the pockets: - The pockets are measured and thin cloth is stitched in the
pockets.
 7. Batch label: - In this process the label is given to the cloth. A batch label machine
does it.
 8. Pocket bag: - In this stage a proper pocket is created on both sides of the blazer.
 9. Pocket batch: - Here, the pockets a batched with different numbers and codes so
that they can be differentiated properly.
 .......
 10. Piping: - In this stage the pocket is folded with a thin line above the pocket.
 11. Lapel: - Then the pockets are lapelled, i.e. - ironing of the pockets take place to give it a
define shape.
 12. Pasting with heated iron: - After the lapel stage the material is pasted with hot iron. It is
ironed neatly to give a neat look.
 13. Body shaping: - Raymond has a special machine for the body shaping. This machine
gives a proper shape to the fabric.
 14. Bottom fold: - In this stage the lower part of the fabric is given a fold. This is also done
by using the machine.
 15. Shoulder pad: - The shoulder pad is now attached to the shoulders. It’s put for better
shape of the shoulders.
 16. Collar machine: - After shoulder pad is attached the materials is sent to the zigzag or
collar machines. Here the collar is stitched carefully to every blazer.
 …..
17.
 Lapel processing: - Lapel processing means collar pressing. The collar is pressed with hot iron to give it a define shape.
18. Botton pressing with lining: - In this stage the blazer is heated. The lower part is pressed with iron with low temperature to

keep the shape intact.
20. Miscellaneous: - Here all minor mistakes are checked, if any. E.g. the sleeves, collars etc are attached properly.

21. Buttons: - The buttons are now fixed. There are 2 types of buttons- metal and plastic. It is attached to the front and sleeves of

the blazer. All buttons are brought from central Mumbai.
22. Thread finishing: - The extra thread is cut and proper finishing touch is given to the blazer.

23. Shoulder press: - The sleeve (from the shoulders) is pressed with hot iron. Pressing of the blazer again ensures that it looks

neat.
….
 24. Sleeves press: - There is a sleeve-pressing machine. Here the sleeves
are pressed from left to right.
 25. Front lapping pressing: - In this stage the body of the blazer is pressed
using the body-pressing machine. It also gives a definite shape to the
blazer.
 26. Miscellaneous: - Here details such as are buttons proper, is proper
thread used everywhere, shoulder pad at right place etc are looked into.
 27. Final quality control: - In this stage the team of final quality control
checks each and every blazer or trouser. If any errors found it is sent to the
manufacturing process. If not the goods are dispatched.
RAW MATERIAL RECEIPT AND
CONSUMPTION PER DAY AVERAGE
DETAILS OF RAW MATERIAL RECEIPT
(IN TONS)
GREASY WOOL 8.90
TOW 3-5
PSF 3-10
VSF 1.70
POLYSTER TOP IN&OUT 3.9+4.5
WOOL TOP IN&OUT 4.30 +0.50
PROCESS COSTING DETAILS- RAYMOND TROUSER
UNIT- 98%cotton 2%elastian
Process PRICE/YDS COST/PCS COLOR AMT IN RS
FABRICATION -- 590.00 BLACK 590.00
POCKETING NA 19.00 - 19.00
INTERLINING - 3.00 BLACK 3.00
METAL ZIPPER FIT NA 23.50 GREY 23.50

EMBROIDERY NA 32.60 - 32.60

WASH,PP/BLEACH - 15.00 - 15.00

THREAD NA 9.00 BLACK 9.00

ALL FABRICS+TRIM - 105.00 - 105.00
COST

TOTAL COST PER (PRICE) (QTY) (P*Q=1*797=797) RS.797 RS

UNIT OF TROUSER
DEFECTS

 After a fabric is completed there maybe many defects such as;

 1. Fabrication defect
 2. Manufacturing defect
 3. Fabric defect
 4. Color defect
 If the fabric is rejected by final quality control department then
the product are called STAMP. There are sold in market with 20%
to 30% discount and are considered as seconds. But the defect
even in such a case is so minor that only the experts and not any
customer could detect it
 THANKYOU
 …..