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INTRODUCTION OF THE STUDY

Organization refers to the structure of relationship among positions and jobs

which is build up for the realization of common objectives. It prescribes the

relationships with various positions and activities in the business which is held by

persons. In other words organization is a harmonious adjustment of specialized parts

for the accomplishment of some common purpose or purposes. Organization is the

vehicle through which goals are sought to be attained. Organization involves the

dividing and grouping of the work to be done in an enterprise.

An organization is not merely a chart or a lifeless structure. Organization

study is a direct investigation about the functions and activities carried out in an

organization. It gives a clear insight into the real life situation. Such a study enables

others to know the functions and the importance of each department in an

organization. To know more about be organization, its functions and activities an

organization study of Q Rich Creations was done.

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OBJECTIVES OF THE STUDY

To study the functional aspects of Q Rich Creations.

To identify the strength and weakness of the company.

To evaluate performance of the company.

To study the production process.

To study the personnel department functions.

To study the sales functions of the company.

To study the relationship between management and workers.

To acquire practical knowledge about the administration of the company

To gain knowledge about the various aspects involved in yarn manufacture.

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LIMITATION OF THE STUDY

Depth analysis was not possible in certain areas as it was considered highly

confidential due to certain constraint.

Due to time constraints a full fledged study could not be made and Bias on

the part of the employees.

The organisation had restricted to provide financial details.

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INDUSTRY PROFILE

The discovery of several spindles, and a piece of cotton stuck to a sliver vase,

revealed that the spinning and weaving of cotton was known to the Harrappans, nearly

five thousand years ago. References to weaving are found in the Vedic literature on

the method of spinning, the various materials used.

The foundations of the Indian textile trade with other countries began as early

as the second century BC. A hoard of block printed and resist-dyed fabrics, mainly of

Gujrati origin, found in the tombs of Fostat, Egypt, are the proof of large scale Indian

export of cotton textiles to the Egypt in medieval times.

In the 13th century, Indian silk was used as barter for spices from the western

countries. Towards the end of the 17th century, the British East India Company has

begun exports of Indian silks and various other cotton fabrics to other countries.

These included the famous fine Muslin cloth of Bengal, Bihar and Orissa. Painted and

printed cottons or chintz was extensively practiced between India, China, Hava and

the Philippines, long before the arrival of the Europeans.

Before the introduction of mechanized means of spinning in the early 19 th

century, Indian cottons and silks were hand spun and hand woven, a highly popular

fabric, called the Khadi. Fabrics that use mill-spun yarn but which are hand-woven

are known as handloom.

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Milestones of Indian Textiles

Today cotton is an integral part of textiles in India. Nearly four million

handlooms are engaged in weaving fabrics of nearly 23 different varieties of cotton.

Global trade in textiles and apparel is expected to increase from US $ 356

billion in 2003 to US $ 600 billion by 2010.

The textile industry accounted for 22% on Indias Rs 2,551 billion exports in

2002-03 and 17 % of Indias total exports of Rs 1.7070 billion during April-July2004. it has been predicted that post January 2005 Indias share in apparel exports

would increase from 205 % in 2003-04 to 5 % by 2008.

In 2003-04, 75 % of Indias apparel exports were to USA, the European Union

and Canada . Indias share in the global textile trade was forecasted to grow the

fastest of all countries, post-MFA, as its quota allocation in developed countries

during the MFA was among the lowest.

The growth of the Indian textile industry right from the 1970s has been

adversely affected by the quota regime, lack of industry-friendly government policies

and technological obsolescence. Yet, the industry thrived because of the assured

business under the quota system.

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COMPANY PROFILE

Q Rich Creations is engaged in the manufacture of yarn. Yarn dyeing, Terry

Towel and related products and processing of Fabrics. The cotton is mainly purchased

from north India. The products are exported to united states, Canada, some quondam

is sold in India. The company also imports cotton from west Africa and U.S.A based

on the quality needed and price.

Q Rich Creations has made a humbling beginning with a modern

manufacturing capacity of 12,500 spindles which has used for manufacture of yarn

over the years. The company has gradually grown to become to totally integrate

composite textile unit having an installed capacity of 58,182 spindles and state of the

art facilitates to manufacture dyed yarn and a Range value added terry towels and

made UPS.

PROMOTORS:

Q Rich Creations was promoted by Shri R.N Jegadeesan and his family

members. The family was originally in the business of cotton trading ginning under

the able leadership of Shri R.N Jegadeesan. The group made rapid strides by not only

making Q Rich Creations as successful company, but also engaged in a variety or

other business which are on the growth stage.

DEVELOPMENT PROCESS:

It has established with a Limited capital of Rs 12 crores and started its

operation in the year 1979. The company is situated in mariamman kovilpatty, Theni,

Theni (DT) Tamilnadu.

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The company fully engaged the manufacture of yarn. The corporate office of

SRTL is dealt with purchase, sales accounting operation. The company is registered

under the companies Act 1956 as a Public Limited.

In 1982 the company got the state license and central government license for

exporting yarn to foreign countries. In the same year the promoters were at thought of

establishing the Renuga SOFT-X unit. But their thought cannot be made due to some

financial problems. Any how their dreams came true in the year 1990 by the

establishment of the new unit Q Rich CreationsSOFT-X towels with an initial

capital of 10 crores.

The above established unit was fully engaged in manufacturing high quality

cotton towel and exporting the same to foreign countries.

Today both of these units are well developed and the sales turn over of units is

increasing year by year and how the company is running efficiently and successfully

because of the efficient management and involvement of workers. This company is

also having the ISO 9002 certificate for manufacturing quality product.

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Name of the company : Q Rich Creations

Registered office : Q Rich Creations

thirupur,

.

Commencement of business : 1979

Product manufactured : yarn

Founder & Managing director : R.N. Jegadeesan

Major raw material : cotton

Bankers : SBI, UTI & Canara Bank.Spindles Installed : 58,182

Initial capital : 12 crore

No of workers : 950

Working hours : 8 hours per day

Shift time

:

Location of company : Q Rich Creations,

thirupur

Shifts In Time Out Time

I Shift 7.00 am 3.00 pm

II Shift 3.00 pm 11.00 pm

III Shift 11.00 pm 7.00 am

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ORGANISATIONAL CHART

9

Chairman & Managing

Director

Asst.ManagingDirector

General Manager

Production Dept.Accounts

Dept.Purchase

Dept.

Quality

Controller

Production

Manager

Electri

Dept.

Marketing

Dept.

Supervisor

Personnel

Dept.

Supervisor

Personnel

Officer

Personnel

Manager

Asst.

Accountant

Accountant

Cashier

Stores

Cotton

Officer

Purchase

Manager

Yarn officer

Electri

Marketing

Assistants

Marketing

Manager

Time

clerk

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INTRODUCTION

Organisation is the process of identifying and grouping the work to be

performed defining and delegating responsibility and authority and establishing

relationship for the purpose of enabling people to work most effectively together in

accomplishment objectives.

The term organisation is viewed as organisation as a structure it means a

network of superior subordinate relations. Thus, the organizational chart shows the

authority relationship between top level management to lower level management inRenuga Textile Limited.

Name of the Company : Q RICH CREATIONS

Product manufactured : YARN

Location of Company : Q Rich Creations,

P B No 26,

Mariamman Kovilpatty,

Theni 625 531,

Theni DT,

Tamilnadu.

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Managing Director:

The define authority and responsibility co-ordinate to make the relationship

smooth among the management and workers and he perform work in efficient manner

in the company.

Assistant Director:

To assist managing director and his duty is to watch functional managers

activity and dispose of non-confirmed raw natural while at the time of purchase.

General Manager:The General Manager duty is control and manages the over all organisations:

Production department

Purchase department

Accounts department

Personnel department

Marketing department.

Production Manager:

Production manager play a very important role in designing, planning,

controlling the production systems he must be aware of the relevant technology and

methodology to harmoniously and administrative function with in the total

organizational frame work at the society.

Purchase Manager:

Purchase manager has to following in charge activities in Q Rich Creations.

He has to purchase required raw materials for the condition.

To place the purchase order

Records instructions of raw materials

Records maintenance and payments of invoice to the suppler.

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Marketing Manager:

Marketing manager has to research the present market condition he has to plan

for the product which is suitable to the customer.

Marketing manager to sell the product in the market and he has to keep good

relationship with the customer by satisfying their needs and wants.

Personnel Manager:

The personnel manager has to select right person for the right job it can be

through proper man power planning.

Recruitment

Selection

Training

Placement

Performance appraisal etc

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DATA COLLECTION METHOD

The data are collected through two ways, namely

Primary data

Secondary data.

Primary data:

The primary data are those which are collected afresh and for the first time,

and thus happen to be original in character.

The primary data are collected through observation during the training.

Secondary data:

The secondary data are those which have already been collected by some one

else and which have already been passed through the statistical process.

The nature of data collection work is merely that of compilation.

The secondary data are collected through the following;

Company records,

Certain published and unpublished journals of the company,

Internet.

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PURCHASE DEPARTMENT

Purchase Department Chart:

14

Managing

Director

Asst. managing

Director

General

Manager

Purchase

Department

Raw materials

Cotton Purchase

Stores

Material

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Purchase of Raw Material:

The raw material of cotton has been purchased from some of the local cotton

agriculturalist in and around Theni and other states like Karnataka and Andhra

Pradesh. Some portions of raw materials are imported from West Africa and USA.

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Procedure of Raw Materials Purchase and Issue:

17

Sample

Test

Approval

Order Placement

Ok

Production

Not Ok

Rejection

Material Receipt

Quality checking

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Procedure of Raw Materials Purchase and Issue:

For the purchase of raw material first the sample will be received and the

sample of the product will be checked. After lab makes the test they will approve that

the product is good with their certificate. After the company will receive the material.

If the quality is not up to the market the material will be returned to the responsible

supplier.

Storage:

The raw materials are started in warehouse for the purposes of manufacturing

concern. The raw materials are not stared for a long time. Maximum number of daysin 2 to 8 days. The mill will purchase raw materials according to the requirement of in

charge for storehouse. He is maintaining the stores ledger.

In Q Rich Creations purchased goods are stored and protected in the cotton

godowns. The finished goods would be sold by FIFO (First-in-First-out) method.

FIFO (First-in-First-out):

Under this method materials received first are issued first. Materials are

charged at actual cost in the chronological order. This method is suitable when prices

fall because the price of materials issued is high but the price of material replaced is

low.

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Specimenof Stores Ledger:

Dater

Particular

Receipts Issue Balance

Qty Rate

Rs

Amount

Rs

Qty Rate

Rs

Amount

Rs

Qty Rate

Rs

Amount

Rs

Stores Records:

The following are the various books (or) documents which are used to

connection with regarding of stores at different stages.

1. Receipts of materials

2. Inspection of materials

3. Issue of materials

4. Verification of stores

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1. Receipts of Materials:

a) Materials receipts note

b) Daily receipt note

c) Damage note

d) Stock ledger

2. Inspection of Materials:

a) Purchase order

b) Daily receipt voucher

c) Inspection noted) Rejection note

3. Issue of Materials:

a) Materials requisition slip

b) Gate pass

c) Stock ledger

4. Verification of Stores:

a) Stock valuation sheet.

Stores Book:

a) Re-order book

b) Daily receipt book

c) Store ledger book

d) Stock register

e) Stores stock statement.

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Inventory Control:

In Q Rich Creations, the inventory control involves keeping he material in the

store have at optimum level or at safety level in order to avoided delay in production

or stoppage in production.

Quality Control Section:

Quality control is start with input stage to output stage. That is acceptability of

raw material to finish product for that a quality controller may follow some statistical

quality control techniques.

Suppliers of Machineries:

Q Rich Creations has been purchased the machinery from the following

suppliers:

Machineries in Department Suppliers

Blow Room

Carding machine

Draw Frames

Speed Frames

Ring Frames

Cone Winder

Hennatex Mumbai

Textool Coimbatore

LMW Coimbatore

Textool Coimbatore

Textool Coimbatore

LMW Coimbatore

Textool Coimbatore

RJK Ahmdabad

Other suppliers:

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Shanti gears Ltd

Voltas Ltd

Techni Blast

Balaji Packages

Balaji Polubags

Kohinoor Polybags

Vidhyut Motors

Balaji Belting Transmission.

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PRODUCTION DEPARTMENT

Introduction

To manufacture the products as per the specifications the production function

needs to organize its resources (raw materials, equipments, labour and working

capital) according to the predetermined production plans.

The function of the mill is to produce yarn. The production departments give

to more concentrated on spinning. The mill produced high quality of yarn in the over

all textile market. The mills yarn production is in various counts namely, 20s, 25s,

30s, 40s, 42s, 60s, in core yarn.

Description of Processing In General:

Theraw materials are received in the form of compressed bales which are out

and fed to fit blow room line.

The sequences of Blow room machinery opens out the compressed fibers stage

and finally present them in the form of lap sheet in lengths of 40 meters. Each lap will

weight approximately 400 gms per meter.

The lap sheets are fed to the carding engine which fractionate the fiber

minutely and send to the next machine in cones, containing approximately 16 cones of

silver. Any dust and impurity in the materials it is eliminated to the carding stage.

The material is processed two times in the draw frames. The draw frames

reduce the variation in the silver make the fibers parallel and present them in cones

containing approximately 16 Kgs of silver.

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The ring frame further and drafts materials about 25 times fine and also

introduces the necessary twist in the yarn. The twisted yarn is wounded into bobbins

containing about 75 gms of material each.

The ring frames bobbins are fed to the reels where the materials are in the form

of hanks containing 1000 meters of yarn. The reeled hanks are bundles in the balling

press to produce bales containing 100Kgs of yarn (20 bundles each. The finished

materials are dispatched to the customers.

Production Process:The following are the step-by-step process undertaken here.

Mixing:

After receiving the cotton according to the requirements and counts is mixed.

The mixing formula is confidential and will not be revealed. This mixing process is

done under the blow room section.

1) Blow Room:

After mixing the cotton it is fed into blow room processing machines. There

are various stages in blow room. The cotton is purified form seeds and dust each day

nearly 6500 Kgs of cotton is used for processing at the blow room and shifts to laps

can be received weight is 27.5 Kgs and the length of the lap is 40 meters. The iron rod

is used for removing the lap form scutcher.

Each lap may differ from the standard or prescribed weight. The difference of

weight is noted down and graphed. It is graphed by the blow room employees. The

workers working in blow room are paid wages on the basis of time wage system. In

the blow room nearly 6 to 10 workers are working and also have one supervisor for

this department.

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Categories of workers in the blow room as follows:

Hopper feeder

Finished scutcher

Sweeper

Misc

A supervisor and an assistant supervisor are controlling the workers in the

mixing process. The production manager delegates duties and responsibilities to

the sectional (process) supervisors.

2) Carding:

This is the second process in the production of yarn next to blowing process.

After making enquires about laps, the laps are taken to the carding section. Here laps

are converted into silver laps by placing the lap into rotating machine. The waste and

dust particle from the lap is placed into a drum. It consumes 6 laps to produce 5 to 7

drums.

Categories of workers in carding section:

Jobber cum oiler,

Can tentee,

Relieves tenters,

Misc.

3) Drawing:

In the Drawing section the silver lap is converted into carded silver. Here

silver from cards and ambers are uneven and the silver should be uniform in gross

sectional weight through its length and make the fiber parallel. In the drawing frame a

specified number of stands of untwisted rope is combined to form one stand of

uniform thickness.

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Categories of workers in Drawing section:

Drawing tenter,

Tenter helper,

Fitter,

Assistant fitter and oiler.

4) Simplex:

In this section the carder silver are converted into bobbins, the finished product

of this section is the input of the spinning section. There are 20 machines in this

section each machine has 144 spindles; each containing a bobbin has a weight of

1.25Kg. In this section the wages are paid on the basis of piece rate system. The

operation utilizes 2880 cones and 2880 needless per shift. In could season the

Mercury lights are used to heat the silver fiber to avoid twisting.

Categories of workers in spinning section:

Oiler,

Fitter,

Simplex tenter,

Tenter helper and cleaning boy.

5) Spinning section:

Spinning nothing but the process producing yarn. Yarns are mainly classified

into to two types.1. Carded Yarn,

2. Combed Yarn.

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CARDED YARN

Sequence of Process:

27

Blow Room

Simplex(or)

Fly Frame

Carding

Cone Winding

Spinning(or)

Ring Frame

Drawing

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COMBED YARN

Sequence of Process:

28

Blow Room

CardingSilver Lap M/c

Ribbon Lap M/c Comber

Draw

Simples(or)

Fly Frame

Spinning(or)

Ring Frame

Cone Winding

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Study about the Process:

Yarn:Yarns are classified into three types as Warp Yarn, Weft Yarn, HosieryYarn.

Warp yarn:

In a fabric, the vertical yarns are called as warp yarn. This type of yarn is

produced with high twist and high count strength product.

Weft yarn:In a fabric, the horizontal length yarns are called as weft yarns. Theses types

of yarns are produced with low twist and low count strength product.

Hosiery Yarn:

The hosiery yarns are having more elastic property. These are produced only

to the garment field, i.e., knitted goods.

Process Study:

The cultivated cottons are in the form of

a) Bales or

b) Bora.

Cottons are occupying more space while transporting to reduce this fact, the

cottons are compressed and transport to the spinning section. The bales average

weight in 170 to 175 Kgs.

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Variety of Cottons:

For examples

MCU 5,

LRA,

DCH,

SUWIN etc.,

These are classified according to the staple length.

Blow Room:

In this process the cottons are getting opening and cleaning process is done by

the sequence of machineries.

Process Sequence:

30

Mixing Bale Opener

Step Cleaner

Lap Forming Unit

Mono Cylinder

Condenser

Hopper Feeder

Three Bladed Beaters

Krichner Beater

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As the cotton passes through machineries the cotton gets open and be cleaned.

The beaters are used for opening and cleaning the material. According to the fiber

strength and maturity, beating points are given to the cotton. The opened cottons

formed as a lap form, le cotton sheet form.

Carding:

It is also called as a Heart of Spinning. In this section the lap is feed with

material to the machine and it is converted into sliver form i.e., thick twisted fiber.

In this section the fibers are separated and are converted into the sliver form.

Silver Lap Machine:

For the convenience of the combing process, this process is adopted. Here 18

silvers are combined and giving some draft (draft is nothing but stretching of fibers) to

the material and these materials are formulated in spools.

Ribbon Lap Machine:

It is also adapted to the convenience of combing process. 6 silver leap spools

are converted into one spool.

Comber:

Combed yarns are high quality yarn due to the absence of short fibers. In this

process 17% if short fibers are removed. These types of short fibers are called as

noils.

The percentage of removal of short fibers is fixed according to the type cotton

variety. If the short fibers are more in the cotton the percentage of noils should be

extracted highly.

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Advantages of Combing Process:

This process improves the yarn quality.

It reduces the yarn unevenness.

It gives more strength when compared to the carded yarns.

It gives the maximum count strength product.

Drawing:

Drawing is the process of parallelizing the fibre towards its original position.

In this process, 8 combed slivers are converted into one sliver. It gives fibre evenness.

Simplex Speed Frame:

In this process the sliver is converted into roving Form. i.e., thick yarns form.

The fires are passed 4/4 drafting system. The rollers are rotated at different speed.

Due to the speed variation the sliver is converted into roving form. Small amount of

twist per inch is introduced to wind up into the package. It is wind up by 14 lift.

Spinning (or) Ring Frame:

The Yarn Converting Process;

It is the final stage. The roving yarns are the feed material to the spinning

department. These Roving is passed 3/3 drafting system. Due to the speed variation

between the rollers the roving yarn is converted into yarn. High twist is introduced inthis process. Different twist gives different counts.

The available counts are as follows:

(1) 20s (2) 24s (3) 30s (4) 36s

(5) 40s (6) 44s (7) 52s (8) 60s

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(9) 70s (10) 80s (11) 100s (12) 120s

SITRA gives the norms about the yarn quality. SITRA South Indian Textile

Research Association. It gives the result in three levels good, average and poor.

Norms for fiber properties to spin yarns with 3 different levels of lea CSP

under good working condition.

Count yarnLea

50% SpanLength

Strength Micronaire Value

Csp (mm) (L) (g/tex)(S)

(mg/ inch)

20s 2050 11.6 15.9 3.9

2250 12.1 19 3.9

2400 14.3 18.7 3.9

30s 2100 12.6 16 3.5

2300 13.5 18.3 3.5

2500 15.8 18.7 3.5

40s 2200 14 17.1 3.3

2400 15 19.1 3.3

2600 17.2 19.6 3.3

50s 2200 15.4 17.5 3.3

2400 15.7 20.4 3.32600 18 20.8 3.3

60s 2300 16.4 21.4 3.2

2550 16.8 25.1 3.2

2700 18.5 25.2 3.2

70s 2300 16.4 21.4 3.2

2550 16.8 25.1 3.2

2700 18.5 25.2 3.2

80s 2350 16.5 22.8 3

2550 17 25.4 3

2750 18 26.4 3

90s 2350 16.5 25.8 3.1

2550 17.5 27.8 3.1

2750 19 28.9 3.1

100s 2350 17 27.3 3.1

2550 18.5 28.5 3.1

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2750 19.5 30.5 3.1

PERSONNEL DEPARTMENT

Personnel Department Chart:

34

Managing director

Asst. ManagingDirector

General Manager

Personnel Manager

Labour WelfareOfficer

Time Clerk

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Introduction:

The organisation one made up of people and functions through the people,

without people there is no organisation. So the personnel (Department) are significant

in an organisation.

Personnel management is mainly concerned with procurement, development,

compensation, integration and maintenance for the purpose of that accomplishment of

organisation objectives.

Definition of personnel management:

Personnel management is the planning, organizing, directing and controllingof the procurement, development, compensation, integration, maintenance and

separation of human resources to the end that individual, organisational and social

objectives are accomplished.

- Edward Flippo.

This definition is a comprehensive one and covers both the management

functions and the operative function. The purpose of all these functions is to assist in

the accomplishment of basic objectives.

Objectivesof personnel management:

Objectives are pre-determined goals are which individuals or group activity in

an organisation is aimed.

One of the principles of management is there all the work performed in an

organisation should in some way directly or indirectly contributed to the

objectives of the organisation.

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Role of personnel manager at SRTL:

1. Personnel role

Advisory management on effective use of human resources

Manpower planning, recruitment, selection etc.,

Training and development of line men

Measurement and assessment of individual and group behaviour.

2. Welfare role

Research in personnel and organisational problems

Managing services, canteens, transport etc.,

Group dynamics: group counseling, motivation, leadership,

communication etc.,

3. Clerical / administrative role

Time keeping

Salary and wages administration, incentives,

Maintenance of records

Human engineering, man machine relationship

4. Fire fighting legal role

Grievance handling

Settlement of disputes

Handling disciplinary actions

Collective bargaining

Joint consultation.

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Function of personnel manager at SRTL:

Analysing the roll system

Key performance areas

Critical attributes

Job evaluation

Matching the role and the person

Recruitment/selection

Placement

Promotion

Developing the role for the person

Job rotation

Job enrichment

Job design

Role effectiveness

Developing equitability

Management of salary

Management of incentives and rewards

Administering rule.

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Man power planning:

Man power planning is the application of the planning concept to the needs in

number and kind includes

Taking stock of existing man power

Determining the status of the available personnel.

Discovering the untapped talent with in the organisation

Assessing the future man power requirement the demand for managers has

steadily growth in all expanding enterprise. Besides, retirements, resignation,

death etc., cause demands for the managers. So man power planning should be

made on a continuous basis.

Recruitment:

The recruitment process starts after the manpower requirements are

ascertained. Recruitment is the process of searching for prospective candidates andstimulating them to apply for the vacant jobs.

Recruitment is the process of searching for prospective employees and

stimulating and encouraging them to apply for jobs in an organisation

- Flippo.

Sources of recruitment:

In Q Rich Creations follow the two sources of recruitment, they are as follows.

Internal source

External source

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Internal source:

It encourages employees in the lower ranks to aim for higher positions.

In increase the morale of the employee

It is less costly than going to external recruit.

External source:

Advertisement

Consultants

Recommendation of present employees.

Selection:

Selection process s a managerial decision making process as to predict which

job applicants will be successful if hired.

David & S.P. Robbins

Objectives of selection:

The objectives of selection process is to determine whether an applicant

meets the qualification for a specific job

To choose the applicant who is most likely to perform well in the job

The selection procedure is not a single act, but is essentially a series of method

or steps by which additional information secured about the applicant. This procedure

may be compared to a series of successive handless or Barrie, which an applicant must

cross in this stage the unqualified applicant, will be eliminated. This technique is

known as successive handles technique

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Selection process:

In Q Rich Creations the following steps are followed in selecting a worker for

a particular job.

1. Application

2. Reference

3. Personal interview

4. Psychological test

5. Medical examination

6. Final interview7. Placement

8. Training.

Training:

Meaning of training:

Training is a process of learning a sequence of programmed behaviour it is

application of knowledge. It gives an awarness of the rules and procedures to guide

the behaviour. It attempts to improve their performance on the current job or prepare

them for an intensive job.

The following methods are used in Q Rich Creations.

On the job training

Off the job training.

On the job training:

Coaching and counseling

Vestibule training

Job rotation

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Off the job training:

Lectures

Conferences

Field training.

Health and Safety Measures:

The following are some of the safety measures in Q Rich Creations.

Proper arrangement of machineries

Scrap

Gloves

Wearing of tight clothes

Electric mains and switches covered properly

Welfare measure:

Company has to take some essential welfare measures for the welfare of the

workers measure in the welfare of the workers them selves and their family.

The following are the welfare measures undertaken by the management in the

organisation.

Provident fund

Employees state insurance corporation

Life insurance corporation

Children educational facilities

Hospital allowances

Medical aid

Rest room

Latrines, Urinals, Washing and Bathing facilities

Uniform

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Housing accommodation

Transport facility

Shift Timing:

Shifts In Time Out Time

I Shift 7.00 am 3.00 pm

II Shift 3.00 pm 11.00 pm

III Shift 11.00 pm 7.00 am

Wages and Salaries:

Wages are the returns or rewards for the work done wages are main parts as for

as a worker gives his word and gets his wages there is an out flow of work and inflow

of wags are paid daily, weekly and monthly basis.

Working hours for adults:

Weekly hours:

No adult workers shall be required or allowed to work in a factory for more

than 48 hours per week.

Daily hours:

No adult workers shall be required or allowed to work in a factory for more

than 8 hours per day.

Interval for rest:

No period shall exceed 5 hrs further no workers shall work for more than 5 hrs

before he has an interval for rest of at least half an hour.

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Holidays:

Weekly one day (common)

Yearly 14 days

Bonus:

The textile provides the Diwali Bonus.

Generally the bonus ratio was 20 % to 25 % in this concern. The three months

salaries are paid to the employee.

Leave wages:

It is given for the days the employee has not taken his eligible leave is the mill

15 days leaves is give as sick leave and medical leave. Apart from the leave the

national holidays are allowed.

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MARKETING DEPARTMENT

Introduction:

Marketing is the main concept for all companies gives a demand for the

product, company takes main step for marketing. The demand for the product is

analyzed by marketing. The marketing manager transfers the goods to the customers

in various ways. Each and every company has its own marketing area for their

products.

Marketing is the performance of business activities that direct the flow of

goods and services from producer to consumer or user.

- AMA

Objectives of marketing:

Intelligent and capable application of modern marketing policies.

To develop the marketing field.

To develop guiding policies and their implementation for a good result.

To suggest solution by studying the problems related to marketing.

To find sources for further information concerning the market problems.

If review existing marketing function is if short comings are found.

Sales:

Types of sales:

In Q Rich Creations has follow two kind of sales

Cash sales

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Credit sales.

Cash sales:

To sell the product to the purchaser through cash i.e. ready cash payment for

the sale of product.

Credit sales:

The products are sold to the purchaser in a credit basis. The maximum credit

period is 15 days.

Export sales:

Under this type of sales this company exports their products to the companies

in European and American countries, now a days most of the popular companies is

Israel and USA order bulk amount of yarn and made up of from this company for its

excellent quality and reasonable price.

Supply:

Q Rich Creations to supply their product to the following countries

America

Canada

France

Belgium

Dubai

Australia.

Sales promotion:

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Sales promotion refers to the activities to push forward or to advance idea, in

such a way as to gain is approval and acceptance.

Major promotion tools:

Advertising

Personal selling

Sales promotion

Public relations.

Sales promotion:

Sales promotion means, promoting sales it is a highly specialized activities are

mainly aimed demand creation.

Some of the sales promotional activities carried down by Q Rich Creations are

listed below.

Attracting customers

Inducing present consumer to buy more

Creating awareness of the product.

Aim of promotional activities:

To inform prospective buyers about the existence or a product and its

want- satisfying capabilities.

To remind the users of past and present to its various roles onconsumption.

To persuade the prospective buyers in a most effective manner.

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FINANCE DEPARTMENT

Finance Department Chart:

48

Managing director

Asst. ManagingDirector

General Manager

Finance Manager

AccountsOfficer

Cashier

Accounting staffs

Clerk

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Introduction:

Finance is the life blood of any business and any organisation. Finance is the

art and science of managing money. The finance is playing a vital role in every

organisation.

Financial management is concerned with the duties of the financial managers

in the business firm.

Financial manager:

Actively manage the financial affairs of any type of business, namely

Financial and non-financial

Private and public

Large and small

Profit seeking and not for profit.

Key activities of the financial manager:

Performing financial analysis and planning

Making investment decisions

Making financing decisions

Short term financing and

Long term financing.

Role of a financial manager:

Raising funds

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Allocating funds

Profit planning

Understanding capital markets.

Objectives of financial management:

The financial management has the following two main objectives.

Wealth maximization

Profit maximization

Financial books and records:

The following books and records are maintaining in Q Rich Creations.

Journal register

Purchase register

Sales register

Raw material register

Day book

Cash book

General ledger

Finisher goods register

Vouchers

Receipt voucher

Payment voucher

Credit notes

Debit notes

Journal vouchers.

Capitalinvestment - 12 crore

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4. Analysis of Study

Introduction of StudyVarious techniques have been developed for the analysis of financial

statements. The selection of appropriate analytical technique would depend upon the

the objectives of the analysis usually a group of techniques is used for a result oriented

analysis. The commonly used techniques are

Comparative financial statement.

Common size statement.

Trend Analysis.

Ratio Analysis

Fund & Cash flow statement

From above techniques I have choosed the comparative financial statement to find

the financial position of the business for the year 2005 & 2006.

Comparative Financial StatementAny financial statement that reports the comparition of data of two or more

consecutive accounting periods is known as comparative financial statement.

According to A.F foulke Comparative financial statements are statements of the

financial position of the business so designed as to provide time prospective to the

consideration of various elements of financial position embodied in such statements.

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Comparative Balance Sheet

(As on 31st March 2005 & 2006 )

Patriculars

31st March Increase orDecrease inAmount.Rs

Increase orDecrease inPercentage2005 Rs. 2006 Rs.

A.Current Assets

Debtors 40000 60000 20000 33.33333333

Marketing Securitys 55000 35000 -20000 -57.14285714

Stock 40000 55000 15000 27.27272727

Cash & Bank balnace 30000 15000 -15000 -100

Total 165000 165000 0 -96.53679654

B.Fixed Assets

Buildings 140000 170000 30000 17.64705882

Machinery 120000 150000 30000 20

Furniture 60000 40000 -20000 -50

Total 320000 360000 40000 -12.35294118

Total (A + B) 485000 525000 40000 -108.8897377

Liablities

C.Current Liablities

Creditors 40000 25000 -15000 -60

Sundry Payables 35000 50000 15000 30

Outsatnding 30000 0 -30000 -100

Total 105000 75000 -30000 -130

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D.Long Term Liablities

Equity Shares 220000 250000 30000 12

Debentures 100000 120000 20000 16.66666667

Reserves 60000 80000 20000 25

Total 380000 450000 70000 53.66666667

Total (C + D) 485000 525000 40000 -76.33333333

5. FINDINGS

FINDINGS:

Quality brand image and product availability are

important attributes for the success of roots branded

horns. These three tools are strength of roots

regarding sales in the dealers channel electric horns

in the market.

Dealers around 25% suggested for trade promotional

tools such as coupons and free gifts to end

customers, discount and incentives to dealers.

To improve the customer manufacturer relationship

dealers (90%) suggested for regular meetings at least

once in six months.

The current ratio fluctuating trend between 1997 -

1998 to 2002 - 2003. It is 1.85 in the year 2003 -

2004. It is due to the decrease in debtors and cash

and bank balances.

Liquid ratio for the financial year 1997 - 1998 to

2002 2003 is 1.90.but liquid for the financial year

in 2003 - 2004 is 1.27. It is due to the decrease in

debtors and cash and bank balances.

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Absolute liquid ratio for the financial year 1997

1998 to is 0.13. The ratio shows a decreasing trend

1998 1999 through 2003 2004. The ratio is 2.39

to 1.65. It is due to decline In the cash and bank

balances.

Networking capital to current liability ratio shows a

fluctuating trend between 1997 1998 to 2002

2003. It has decreased to 0.85 in 2003 2004. It is

due to the decline in debtors cash and bank

balances.

Dept equity ratio shows a declining trend from 1997

1998 to 2002 2003. the ratio is between 1.06 and

0.70. In the year 2003 2004, the ratio has increased

to 0.89. It is due to the increase in reserve and

surplus.

The proprietary ratio is around 0.42 to 1.11 between

1997 1998 through 2000 2001. It is decreased to

0.39 in the year 2003 2004. low ratio indicates

greater risk, that is event of liquidation the creditors

may attain heavy losses.

Fixed asset to share holders fund in the financial

year 1997 1998 is 1, whereas it is decreased to

0.84 in the year 2001 2002. It increased to 1.14 in

the year 2003 2004. High rates indicates a

relatively little danger to the creditors.

Current asset to share holders fund in the financial

year 1997 1998, the ratio is 1.35 where it is

increased to 1.42 in 2003 2004. High ratio

indicates relatively littele danger to the creditors.

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Cash as a percentage of current asset shows a

fluctuation trend between 1997 1998 and 2002

2003. It is 2.81 in the year 2003 2004. In the year

2004 cash percentage is 2.3% that means the idle

cash kept in the year 2002 2003 is utilized by

reducing cash balance to the minimum needed level.

Cash ratio of the company in the year 1997 1998 is

68.28. It shows a fluctuating trend between 1998

1999 to 2003 2004. The ratio is between 33.45 to

62.63. It shows that cash and bank balances are kept

unduly.

Debtors turnover for financial year 1997 1998 is

4.8, whereas it is increased to 5.7 in the year 2003

2004. It indicates that the company is able to collect

dept from its debtor promptly.

Average payment period in the year 1997 1998 is

91 days. It decreased to 65 days in the year 2003

2004. As the flow of working capital is good, the

company is able to repay the dept within short period

as compared to the previous years.

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6. SUGGESTIONS

The company has more cash balance in current assets.

The company has collected the debts promptly.

The company has maintained the reserves and surplus as it is.

The share holders fund can be invested in short term and long term

investments.

There is no equal competitor to roots; its market share has decreased from 60%

to 46%.

The dealers opinion for this is pirate parts market has one of the reasons. So

the company has to take care of this pirate parts market.

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7. CONCLUSION

The institutional training which we underwent in Q RICH CREATIONS was

of greater help in obtaining practical knowledge of various aspects of all the

departmental functions.

The Manager and the co-ordinate staff members guided and helped us to a very

great extent during our training period. And we were able to know about the financial

position, rules and regulation of the company. Their environmental policy and quality

policy attracted us very much. They are protecting the labours by giving first and

facilities if any damages occur.

The company maintains good relationship between the employers and

employee. It is the success of every organization and also we found a lot of difference

between theoretical learning and practical outturn of work.

Finally we end our report with sweet memories of the training period which weunderwent at Q Rich Creations.