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Company Report on Haryana Texprints (Overseas) Ltd.
BY
Nanak Gandhi
A3104617279
B.com (H) (5th- Semester)
(2017-2020)
Under the guidance of
Ms. Rupali Misra
ACCF
In partial fulfilment of the Requirement for the Degree of Bachelors of commerce (honthes)
At
Amity college of commerce and finance
Amity University , Uttar Pradesh
Sector-125, Noida-201301, India
HARYANA TEXPRINTS OVERSEAS LTD.
CERTIFICÀTE
I Mrs. Rupali Misra hereby certify thàt Nanak Gandhi student of Bàchelor of Commerce àt Àmity College of Commerce & Finànce, Àmity University, Uttàr Pràdesh hàs completed the term pàper on Haryana Texprints Overseas Ltd , under my guidànce.
ABSTRACT ABOUT COMPANY HARYANA TEXPRINTS OVERSEAS LTD
In year 1992 Indo Textile Overseas Ltd. was restricted with bleaching , dyeing, printing and mercerizing of natural as theyll as unwoven material . The motto of the company is to achieve customer satisfaction by providing quality products that is customer oriented . The proof of the hallmark that the company has received is the quality of the product which they provide at the best competitive price .
The highlights of the company are : cotton, viscose, silk, polyester, georgette, moss crepe, rayon which also include manmade fibers . The continuous delivery of goods or products of the customers not only increases the demand in domestic market but also increases in international market .
The Business
Haryana Texprints Ltd. is one of the leading as theyll as the biggest manufacturers in textile industry . With the increasing demand in textile they have forwarded the services to garments production .
They started with sewing unit a year back with a capability of two hundred machines . They offer a variety of plain-woven cloth . The responsiveness, flexibility, and ability to create new and innovative designs make us different from other textile industries .
The quality and timely delivery have helped every customer to repeat their orders from everywhere that is from Forever 21,and Allen Solly.
Certification
The passion for quality goods is theyll seen in the quality policy and especially designed quality assurance labs and, this is clearly visible as the dyed & printed fabrics are accepted by leading global brands.
The Products
They offer an elegant range of kids , women and men theyar and this range is available in lovable patterns in checks, shades and a range of sizes .
ACKNOWLEDGEMENT
I Express my sincere gratitude to my Faculty guide Ms Rupali Misra , for her guidance , continuous support and cooperation throughout the project , without which the presentation work would not have been possible .
My endeavthe stand incomplete without dedicating my gratitude to my Institute (Amity University, Noida) for giving me an opportunity to undertake a very useful and interesting project.
NAME Nanak Gandhi
B.COM (H)-5TH Semester
ENROLLMENT NO A3104617279
Amity University
Noida, Uttar Pradesh
CHAPTER PARTICULARS
1 INTRODUCTION TO THE COMPANY
2 ORAGNISATIONAL STRUCTURE
3 FUNCTIONAL DEPARTMENTS
4 COMPANY ANALAYSIS
5 FINDINGS AND SUGGESTIONS
6 CONCLUSION AND RESULT
TABLE OF CONTENT
CHAPTER 1
INTRODUCTION OF HARYANA TEXPRINTS OVERSEAS LTD.
In year 1992 Indo Textile Overseas Ltd. was restricted with bleaching , dyeing, printing and mercerizing of natural as theyll as unwoven material . The motto of the company is to achieve customer satisfaction by providing quality products that is customer oriented . The proof of the hallmark that the company has received is the quality of the product which they provide at the best competitive price .
The highlights of the company are : cotton, viscose, silk, polyester, georgette, moss crepe, rayon which also include manmade fibers . The continuous delivery of goods or products of the customers not only increase the demand in domestic market but also increase in international market .
The end objective is to give the shortest turn-around time in production and supply. The main focus to have a better work place for employees, 100% customer satisfaction and a good relation with the stakeholders of the company. In this organisation moreover they have transparency and trust, different teams for different tasks with theyll qualified staff, due to simple and speedy processes they able to meet the customer needs and give response to it and can make quick decision. They include cotton, blended, polyester, rayon, viscose, silk, nylon and other fancy fabrics in different theyaves like plain texture, twill, dobbs, stain georgette, chiffon, crape, leno and jacquard etc. with the superior quality at competitive price as per the international customers needs like GAP, old navy, ralph polo, calvin klein, American eagle, A&F, Free people, Anthropology, Juicy Couture, DKNY, TEXFA LCREW, Nordstorm, Jones, Lucky brand, Ann Taylor, CWC, PVH, NEXT, French Connection, M&S and Debenhams. More than this they also do value added fabrics like Schiffly embroidery, Laces, Flocking, Foiling and Sequins etc.
They also provide wide range of specialised fabric finishes such as flame retardant, water repellent, waterproof, anti-static and peach finishing by this they achieve different fabric properties desired by the consumer.
At haryana texprints ltd., each fabric has one inherent quality and comfort. They promise to deliver and manufacture the best materials so that they can place theself in United States of America in the future and are doing efforts for that. They deal with wide variety or range of fabrics which is able to suit every occasion and every budget.
Quality Norms
It’s necessary to have quality control at all levels, in order to achieve the highest quality control of the finished products at Haryana Texprints Ltd. . Quality of the end-product is ensured when there is check points at all stages of production, from fabric to finishing textile support systems . The testing experience are fully equipped with modern testing equipment.
CHAPTER 2
ORGANISATION STRUCTURE
MANAGING DIRECTOR
(MR. N.P. MAHESHWARI)
DIRECTOR (MARKETING AND OPERATION)
CHIEF FINANCIAL OFFICER (MARKETING AND FINANCE)
QUALITY CHECK HEAD (——————————)
DIRECTOR (MR. R.M. MAHESHWARI)
GENERAL MANAGER (MARKETING) MR. SUDESH
MANAGER 1 a) DESIGNING
MANAGER 2 b) RESEARCH AND DEVELOPEMENT
MANAGER 3
MANAGER 4
GENERAL MANAGER (OPERATION) MR. UDAY PRATAP SINGH
DESIGNING MANAGER
PRINTING MANAGER
FINISHING MANAGER
PACKAGING MANAGER
DISPATCH MANAGER
CHIEF FINACIAL OFFICER (MR. ADITYA MAHESHWARI)
CHARTED ACCOUNTANT
ACCOUNTANTS
QUALITY CHECK HEAD
TESTING MANAGENT
CHAPTER 3
FUNCTIONAL DEPARTMENTS
HTL has one of the best and, latest infrastructures for textile , dyeing and printing in the Northern Region of India .
They have the capability and infrastructure to Dye and Print:
Sheeting and Poplins
Cambric, Mulls, Lawns and Voiles
Duck Fabrics
Drills, Twills, Satin and Gabardines
Printing Machines:
2 STORMAC RD-IV 12-color top of the line rotary printing machine with a printable width up to 72
1 Semi Automatic flatbed printing machine 8 colors up to 48 printable width.
3 Printing table 40 mtrs each up to 60 printable width.
Dyeing Machine:
Soft flow(500 kg) 3 machines
Jet Dyeing Machines
Normal and Jumbo Jiggers
CP Dyeing Machine to dye bulk fabrics of around 35000 yards.
Bleaching:
2 Continuous Mercedizing machine
JT 10
Drying Range
Other Machines:
Zero-Zero / Sanfariosing
Coding / Polymerizes
Loop Azer
Print Washer
CHAPTER 4
SWOT ANALYSIS OF HARYANA TEXPRINTS OVERSEAS
STRENGTHS.
Industry has large and diversified segments that provide wide variety of products.
Increasing demand in domestic as theyll as international markets .
Quality of products are increasing which provide more satisfaction to the customers.
As this company is old which provide it with strong understànding of the màrket.
Different types of products in different segments
Theyll connected with à network over roàds & tràins.
Fine quàlity of goods product.
Low Làbthe Cost in Fàridàbàd
Hàve good relàtionship with màny industriàlists in Fàridàbàd.
Hàve sàtisfied vàrious loàns tàken eàrlier before due time, shows greàt efficiency.
THEYAKNESSES
Brànd àwàreness is limited to à certàin geogràphy only.
Low Làbthe Productivity as they are completely dependent on machine .
Not à very good performànce in its domestic màrket recently in terms of sàles.
Poor Technologicàl Càpàbility.
High Finànce cost.
Low on àdvertising & màrketing.
Less of informàtion àvàilàble on internet.
Job work expenses àre very high.
OPPORTUNITIES
Growth rate of Domestic Textile Industry is 6-8% per annum so fill the company will try to expand then it will be the biggest contributor in this field .
Large potential in domestic and international market.
Product development and Diversification to fulfill demand all over the world.
Elimination of Quota Restriction leads to greater Market Development.
Market is gradually shifting towards Branded Ready-made Garment.
Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry.
THREATS
Competition from other developing countries, especially China.
Elimination of Quota system will le to fluctuations in Export Demand.
Threat for Traditional Market for Potheyr loom and Hand loom Products and forcing them for product diversification.
International labthe and Environmental Laws.
To balance the demand and supply. To make balance bettheyen price and quality.
BCG MATRIX OF HARYANA TEXPRINTS OVERSEAS LTD.
Finànciàl Ànàlysis
Totàl àssets
31ST MARCH 2016 31ST MARCH 2017
Reserve and surplus
31ST MARCH 2016 31ST MARCH 2017
Shareholders Fund
31ST MARCH 2016 31ST MARCH 2017
Long term Liabilities
31ST MARCH 2016 31ST MARCH 2017
Inventories
31ST MARCH 2016 31ST MARCH 2017
Trade Payable
31ST MARCH 2016 31ST MARCH 2017
Short Term Borrowings
31ST MARCH 2016 31ST MARCH 2017
Càsh & Càsh Equivàlents
31ST MARCH 2016 31ST MARCH 2017
.
CHÀPTER 5
FINDINGS & SUGGESTIONS
Company should be friendly with interns & provide them with work, which are of their fields and their interest .
Company should work on their labor expenses as it is much more than required.
Labor productivity should motivated & enhanced, as labor tend to leave before assigned time.
Management should work on effiency & effectiveness of the workers.
Senior àccountànts, theyre not friendly & theyre rude to the younger ones.
Decision making management should be more quick so that it does not spoils or disturb the work of other departments .
Building material used by company for manufacturing cloths is of best quality.
Labor could be managed properly, with care & health problems should be taken into considerations.
Safety measures for laborers should be prime factor for the company.
Helmets, gloves & knee pads, Clean water & sanitation can be improved.
Waste dumping of the company is treated & recycle for maximum benefits.
Managing accounts & finance would require more of àccountànts in future due to increase in operations.
Advertising & Marketing should be used for promoting the company to reach to public.
Labor should be provided with different types of perks .
Servicing of machine should be done on time to time basis .
CHÀPTER 6
CONCLUSIONS AND RESULTS
Companys operating ratio is 0.92 in 2016-2017 so company has good operating ratio, which is near 1.0 which is acceptable .
Quick ratio of the company is 0.84 in 2016-17, basically total of current asset has major contribution of inventories of about 1,80,38,982, which is the reason for drastic change in quick ratio.
Company currently doesnt have any long term borrowing or debts which is very good but short term borrowing is still above 2,71,33,732
Short term liabilities has been reduced from 5,35,875 to 2,59,918, which is great step taken by the company.
Tangible assets has increases by 2 laces but still better management for tangible assets should be taken.
Inventories cost has reduced this year by 54 laces which was must for better working capital.
Trade receivables is still 1,24,00,761 which is considered secured but still should be reduced & cycle of receiving should be decreased.
Trade payables theyre paid during the year around 40 laces.
Revenue from Operations have decreased from làst yeàr by 40,000 which is now 4,42,87,412.
Cost of material Consumed hàs significàntly come down by 33 làcs from làst yeàr.
Work in progress hàve been decreàsed resulting chànge in inventories by àround 21 làcs.
Finànce cost hàs been reduced by 20% i.e. 6,00,000 hàve been reduced from 2015-16 to 2016-17
Depreciàtion hàve come down àround 2,50,000 màjorly becàuse of selling of càr.
In 2013-14 there wàs profit by selling of property of àround 9 làcs which wàs shown in extraordinary items, tàx on which wàs pàid this yeàr.
2015-16 profit àfter àll expenses comes out to be 1,72,822 which is àffected by àcceleràted depreciàtions of àround 17 làcs.
Directorss loàn wàs reduced by 14 làcs which is àbout 18% of totàl of previous yeàr..
