Inplant Training in Kandhan Knitss
Inplant Training in Kandhan Knitss
Though during the year 2008-09, the industry had to face adverse agroclimatic conditions, it succeeded in producing 290 lakhs bales of cotton comparing to 315 lakhs bales last year, yet managed to retain its position as worlds second highest cotton producer. The initiation and development of globalization and Indian Textile industry took place simultaneously in the 1990s.The Indian textile industry, until the economic liberalization of Indian economy was predominantly an unorganized industry. The Indian industry is one the largest textile industries in the world and India earns about 27% of the foreign exchange from exports of textiles and its related products. The initiation and its subsequent development of globalization and Indian textile industry respectively, were effected by the Ministry of Textiles under the Government of India. The most significant step amongst them was the introduction of The National Textile Policy 2000. This policy envisaged to address the following issues 1. Increased global competition in the past 2005 trade regime under WTO 2. Huge import volume of cheap textiles from other Asian neighbors 3. High production cost with respect to other Asian competitors 4. Use of outdated manufacturing technology 5. Poor supply chain management and huge transit cost 6. Huge unorganized and decentralized sector Further this policy aims at increasing the foreign exchange earnings to the tune of US $50 billion by the end of the year 2010.it includes rational projections for the overall development and promotion of all the sectors involved directly or indirectly with the Indian textile industry. The globalization of the Indian textile sector was the cumulative effect of the following factors.
1. Huge textile production capacity 2. Efficient multi-fiber raw material manufacturing capacity 3. Large pool of skilled and cheap work force 4. Entrepreneurial skills 5. Huge export potential 6. Large domestic market 7. Very low import content The Indian textile industry consists of the following sectors 1. Man-made fiber 2. Filament Yarn Industry 3. Cotton Textile industry 4. Jute Industry 5. Silk and Silk Textile Industry 6. Wool and Woolen Industry 7. Power Loom Industry An approximate number of textile manufacturing companies operating in India are given below 1. Badges, Emblems ribbons and allied products-175 2. Bed covers, Curtains, Cushions and other draperies-2471 3. Carpets and rugs-270 4. Embroidery and embroidered garments-848 5. Yarns and threads-1200 6. Jute Products-337 7. Kids apparel and Garments-1052Ladies apparel and garments - 2934 8. Ladies apparel and Garments-2934
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9. Mens apparel and Garments-2940 10. Textile chemicals, dyeing and finishing chemicals-239
1.2 INDIAS POSITION IN GLOBAL TEXTILES AND CLOTHING INDUSTRY India's position in the World Textiles Economy Second largest Producer of raw cotton. Second largest producer of cotton yarn. Second largest producer of cellulosic fiber/yarn. Second largest producer of silk. Fourth largest producer of synthetic fiber/yarn. Largest producer of jute.
machinery. The intention of the governments move is to enable the Indian producers to compete in the world market with high quality products. The results of the governments move can be visible as Indian companies like Arvind Mills, Mafatlal, Grasim; Reliance Industries have become prominent players in the world. The Indian textile industry is the second largest in the world-second only to China. The other competing countries are Korea and Taiwan. Indian Textile constitutes 35% of the total exports of our country. The history of apparel and textiles in India dates back to the use of mordant dyes and printing blocks around 3000 BC. The foundations of the India's textile trade with other countries started as early as the second century BC. A hoard of block printed and resists dyed fabrics, primarily of Gujarati origin, discovered in the tombs of Fostat, Egypt, are the proof of large scale Indian export of cotton textiles to the Egypt in medieval periods.
STRENGTHS
1. Indian Textile Industry is an Independent & Self-Reliant industry 2. Abundant Raw Material availability that helps industry to control costs and reduces the lead-time across the operation 3. Availability of Low Cost and Skilled Manpower provides competitive advantage to industry 4. Availability of large varieties of cotton fiber and has a fast growing synthetic fiber industry 5. India has great advantage in Spinning Sector and has a presence in all process of operation and value chain 6. India is one of the largest exporters of Yarn in international market and contributes around 25% share of the global trade in Cotton Yarn 7. The Apparel Industry is one of largest foreign revenue contributor and holds 12% of the countrys total export 8. Industry has large and diversified segments that provide wide variety of products
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9. Growing Economy and Potential Domestic and International Market 10. Industry has Manufacturing Flexibility that helps to increase the productivity
WEAKNESSES
1. Indian Textile Industry is highly Fragmented Industry 2. Industry is highly dependent on Cotton 3. Lower Productivity in various segments 4. There is Declining in Mill Segment 5. Lack of Technological Development that affect the productivity and other activities in whole value chain 6. Unfavorable labor Laws 7. Lacking to generate Economies of Scale 8. Higher Indirect Taxes, Power and Interest Rates
OPPORTUNITIES
1. Growth rate of Domestic Textile Industry is 6-8% per annum 2. Large, Potential Domestic and International Market 3. Product development and Diversification to cater global needs 4. Elimination of Quota Restriction leads to greater Market Development 5. Market is gradually shifting towards Branded Readymade Garment 6. Increased Disposable Income and Purchasing Power of Indian Customer opens New Market Development 7. Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry 8. Greater Investment and FDI opportunities are available
THREATS
1. Competition from other developing countries, especially China 2. Continuous Quality Improvement is need of the hour as there are different demand patterns all over the world 3. Elimination of Quota system will lead to fluctuations in Export Demand 4. Threat for Traditional Market for Power loom and Handloom Products and forcing them for product diversification 5. Geographical Disadvantages 6. International labor and Environmental Laws 7. To balance the demand and supply 8. To make balance between price and quality
2.2 MANAGEMENT
Two enterprising businessmen with close to four decades of combined experience in textile industry manage Kandhan Knitss. Mr.P.Kanakaraj and Mr.P.Dhanapal hold key positions as partner and CEO of the company respectively. Equipping the best technologies and infrastructural facilities and continuously upgrading the quality standards, the management is taking Kandhan Knitss to new heights of quality and recognition.
2.3 VISION
With the vision To become a premier league player in the global apparel industry, Kandhan Knitss offers its clients high quality knitwear to their specifications. Delivering the products within the scheduled time without compromising on quality helps Kandhan Knitss gain the confidence and appreciation of clients across the Europe.
2.4 INFRASTRUCTURE
Kandhan Knitss spread over 1, 00,000 square feet of excellent infrastructure; Kandhan Knitss manufactures excellent quality Knitwear that is well received across numerous European countries. The systematically planned manufacturing unit enables Kandhan Knitss with optimum production capacity and quality outputs. The production process strives continually to be innovative and creative to bring novelity in fabrics with latest printing and embroidery techniques. Kandhan Knitss has dedicated product development and garment design teams for each product group and in some cases for individual customers.
2.5 MACHINERY
The most modern knitting, printing and embroidery machines furnish the production facility of Kandhan Knitss. Imported from renowned manufactures, these machines facilitate the company to provide clients their precise knitwear requirements with the requisite quality criteria. 400 Sewing machines, 25 knitting machines, Compactors, 6 Embroidery machines, 8 Printing machines, 10 Flat knit machines, 2 spreading machines(Gerber),
Sequins, Carding Embroidery machines and full electronic jacquard wrapper machines allow Kandhan Knitss to produce 1,50,000 pieces of knitwear per month.
2.6 PRODUCTS
A Certified quality export house, Kandhan Knitss manufactures and exports extensive knitwear for Men, Women and Children. Using 100% quality cotton, the product range of Kandhan Knitss include: T Shirts & Polo Shirts Sweat Shirts Casual Wear Work Wear Pyjamas Beach Sets Leggings Night Dresses The products are of highest quality standards and conform to the specific requirements of each client.
2.7 PROCESS
There are three processes to be carries out in the company. The processes are as follows Fabric Production Embellishments Garment Production
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2.9 EMBELLISHMENTS
Chemicals and materials that use in the embellishment processes are selected carefully to maintain durability of the products. Kandhan Knitss adds value to the process with a wide variety of embellishment techniques and designs such as placement and frequency printing, embroidery and badges as adding fashionable value to the garment is imperative for the apparel business. The chemicals that used at Kandhan Knitss do not have risk to health nor the environment during their manufacture, use or disposal. The clients gets benefit from the latest washing and garment techniques that Kandhan Knitss provides through well-equipped and experienced partner companies. Having in-house facilities for printing and embroidery enables the company with faster
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response to its customers. Kandhan Knitss either provides graphic design resources to its clients or they may send their own art work for development.
2.11 QUALITY
Using state-of the art technology for every process, Kandhan Knitss applies internationally defined knitwear production processes at its facility. An ISO 9000:2001 certified company, quality procedures at Kandhan Knitss cover manufacturing, packing & storing and delivery of the finished goods. The quality monitoring processes in place are recognized to be of industry leader standard with the strongest emphasis being on prevention rather than cure. The results of the stringent and ever improving procedure has
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resulted in low return manufacturer [RTM] rate at below 0.5% target with very high Acceptable Quality Level [AQL] pass rates. Quality tests are done exclusively by only TUV sub lad to get precise report on the fabric. Tests are performed as per buyer requirements such as ISO, ASTM[American Society For Testing and Materials] etc.., Working with TQM[Total Quality Management] principles Kandhan Knitss equips each of its personnel with the knowledge and resources required to successfully contribute towards the on-going search for excellence.
2.12 PATRONS
The list of satisfies clients is a testimony to Kandhan Knitss commitment towards customer satisfaction. The repeat orders and continual assignments for the existing clients emphasize the dedication and professionalism of Kandhan Knitss. Catering to some of the most well-known brands across Europe, the companys clients include GEMO FRANCE MONOPRIX FRANCE OKAIDI FRANCE BONMARCHE UK TESCO UK DEBENHAMS UK ATLANTIC POLAND TEMA TURKEY S.OLIVER GERMANY
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EDP
ACCOUNTS
HUMAN RESOURCE
DOCUMENTATION
PURCHASE
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deals with up gradation of skills for labours and executives, planning and allocation of work, monitoring and assessment of performance. One of the most important tasks is upgrading the skills and knowledge of the human resource from time to time in tandem with the development of technology and trade.
HR Planning Job Analysis Recruitment and Selection Training and Development Compensation Performance Appraisal Communication Conflict solution Personal audit Organizational Development Relationship Career Planning and Development
H R M
4.3 HR DEPARTMENT STAFFS VINOTH KUMAR.R [HR MANAGER] SUBRAMANIAN [HR ASSISTANT] GOVINDASAMY [HR ASSISTANT] JAYABALAN [TIME KEEPER] MALATHY [RECEPTIONIST] SIVAKUMAR [ELECTRICIAN] RAMESH KUMAR [ELECTRICIAN] PATHMAKUMAR [DATA ENTRY OPERATOR]
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S.NO 1 2 3 4 5 6 7 8 9
DESIGNATION MANAGING PARTNER CEO MERCHANDISERS EDP FINANCE DEPARTMENT HRM DEPARTMENT DOCUMENTATION PURCHASE ALL OTHER EMPLOYEES 1 1 66 2 8 9 4 3 406
TOTAL MEMBERS
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TOTAL = 500
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Kandhan Knitss provides its customers the best available fabrics that satisfy their needs by maintaining a good physical and color performance. Also with the restrictions the company applies in using certain dyes and the treatment facilities, its fabric is harmless to skin and the environment.
Polyester synthetic fibers Rubber Silk Straw Wool Fabric construction involves the conversion of yarns, and sometimes fibers, into a fabric having characteristics determined by the materials and methods employed. Most fabrics are presently produced by some method of interlacing, such as weaving or knitting. Weaving, currently the major method of fabric production includes the basic weaves, plain or tabby, twill, and satin, and the fancy weaves, including pile, Jacquard, dobby, and gauze. Knitted fabrics are rapidly increasing in importance and include weft types and the warp types, Rachel and tricot. Other interlaced fabrics include net, lace, and braid.
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5.4 EMBELLISHMENTS
Embellishing comes from the word embellish which is a meaning to make beautiful, this making beautiful can be carried out through decoration or ornamentation. In literature it can be referred to as an exaggeration or the addition of fictitious or ornamental details to a true account of facts. Chemicals and materials that use in the embellishment processes are selected carefully to maintain durability of the products. Kandhan Knitss adds value to the process with a wide variety of embellishment techniques and designs such as placement and frequency printing, embroidery and badges as adding fashionable value to the garment is imperative for the apparel business. The chemicals that used at Kandhan Knitss do not have risk to health nor the environment during their manufacture, use or disposal.
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The raw materials are purchased from the market in and around Tirupur. The research team search for the quality raw materials and also at low cost. The process is carried out inside the company. There is no outsourcing by the company. Fabric embellishments include several categories of arts and crafts. The kind of decorative embellishment you choose will depend upon the final look you want to achieve. Almost every type of fabric can be embellished, though the methods will vary to suit the nature of the weave. Fabrics can be decorated with crochet, embroidery, fabric paints or fabric appliques. Bead work is a popular embellishment that is often worked into cross stitch and crochet work and sewn onto fabric. Some appliques are transferred with a hot iron and others are sewn in. Adding sequins or buttons to clothing is a matter of a few stitches and can be easily done even by beginners.
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Garment production planning involves creating a schedule for the mass production of clothing. Producing garments requires a lot of coordination and schedule management. Every production requires different elements, depending on how large the production is and what is being produced. The time frame for a production depends on the elements of the production, but generally speaking, planning for the production is the same.
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6. Follow up with Printing & Embroidery Departments 7. Placement of the section for production 8. Coordinate with final inspection and observes what kind of mistakes arise during the production 9. Checking and Packing monitoring 10. Reporting to management daily production status
the departments and he/she should submit a report to the client companies. Based on the report submitted by the third party assigned by the client, the order can be placed. There are no marketing persons required for the company. The products after it is manufactured it is exported to the clients who gives the order. The third party auditing can be done at any time and the auditing process takes some time. Kandhan Knitss do not supply their products and services to the local customers. There are 2 types of merchandisers in export houses - buyer and production merchandisers. Buyer merchandisers act as a link between the buyer and the manufacturer. They have the responsibility of ensuring that the product is developed as per the requirements of the buyer so in between they have the responsibility of sourcing, sampling and communication with the buyer. The production merchants on the other hand are a link between production and buyer merchants. They have the responsibility of ensuring that the production goes as per the schedule and as per the requirements.
Will have to work for Merchandising, Sourcing, Vendor Development, Independently. Handling of Buyers. Would be independently taking care of buyers' account, correspondence, interaction with buyers/buying agencies, costing, submission of samples, ensuring adherence of buyers instruction.
Client Co-ordination. Will have to deal with all in house departments. Candidate must have to maintain planning and management of department.
A garment export unit generally has many departments like stores, cutting, production, packing, checking etc., in which Merchandising department a linking device
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of all. The job of a merchandiser is to coordinate with the entire department in the office as well as the customers. Merchandiser meets the buyers and collects the details of their requirements etc., to develop the relationship with the customer. A spec sheet (specification sheet) of the garment with sketch, measurement (will be mentioned before or after wash measurements.) and description is received from the buyer with or without sample .A general format of the spec sheet contains the sketch of the garment on the left side and the measurement on the right side. Descriptions of the stitching method, placement and design of embroidery or printing, additional accessories, color and type of buttons, threads etc. are mentioned at the back side. Additional sheets are added if the garment had more detailed work to do. Wash care label details are mentioned. Type, size, color and shape of the buttons are given. Placement of labels, prints, embroidery is given. Packing instructions are also given in this sheet which includes type, color size of the carton, marks and numbers to be printed on it, poly bags size and details printed on it, clips ,boards, tissue papers, required fold. Detailed study is made from the spec sheet and the raw materials required for sample making is ordered by the merchandiser who includes fabric, thread, buttons, zips, labels, etc., the color and quality of the things ordered is approved by the merchandiser and also he should contact printing unit, dyeing unit, embroidery unit to make samples of printing, dyeing, embroidery respectively. This is also approved by the merchandiser. Sometimes garments will be dyed after stitching, care should be taken while ordering raw materials for this, since the accessories should not catch dying color. Also the thread used to stitch these garments must choosy, depending upon the buyers request whether to get the dying color or not. Ready to dye thread should be used if the thread should be dyed after stitching.
Sample pieces are made and sent to the buyer for approval. The corrected
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samples are made and sent if the buyer required the same. After the sample is approved by the buyer or even before that, costing sheet is prepared by the Merchandiser. In costing sheet, the price of the fabric, accessories, prints etc per garment is listed and the price is fixed by adding margin. This cost is got approved from the Manager or the persons concerned and quoted to the buyer. Purchase order is received from the buyer which includes PO no/date Buyer/Consignee Garment L/C date Last date within which shipment to be reach the destination. Sign and Seal Order validity date After receiving PO from the buyer merchandiser issues PO for the fabric unit, buttons, thread, dyeing unit, printing, embroidery and other raw materials. These raw materials are checked and color, quality and size approved by the merchandiser. After discussing with the production manager, Work Order is issued to all the departments by merchandiser along with the trim sheet. Work order consists of order no and description of the order. Trim sheet is a sheet in which the sample piece of fabric and accessories are stuck and distributed to the entire department for them to be aware of trims used for a certain order. Approved sample piece is sent along with this work order to the cutting department first from where it passes to all the departments the raw materials pass through. no Measurement
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The bulk fabric is passed through the cutting dept., stitching dept., washing or dyeing unit, and then the packing department. As per the requirement printing or embroidery is done after stitching or cutting. In packing department merchandiser checks and approves a piece for the type of packing and the packing materials. After packing in the individuals packages, they are packed in the cartons. Number of pieces to be packed and the marks and numbers to be printed on the carton is also instructed by the merchandiser to them. A packing list is prepared by the Merchandiser with all the packing details mentioned in it and given to the Packing department. A quality checker assigned on behalf of buyer checks and approves the garments, after which they are shipped.
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Export permits, Proforma and commercial invoices, Certificates of origin and health, and Pre-shipment inspection documents The letter of credit and the bill of lading, The airway bill or the freight transit order.
Most exporters rely on an international freight forwarder to handle the export documentation because of the multitude of documentary requirements involved in physically exporting goods and it is strongly recommended that you also make use of a freight forwarder to help you work your way through the maze of documentation. Trade overseas needs the support of export documents. Operations with foreign countries are made very complex, the sellers must explain what they are selling and the buyers must know what they are buying. For that reason, we use the following export documents Bills, Notes and weight packing. Letters of credit Exporters run a series of risks when venturing into new lands. First of all, they risk not being paid by the importer in the foreign country. Secondly, if they do not know the political and economic situation of the country they are exporting to, they risk losing their money. Another risk they take is related to the exchange rates. Export documents exist to relieve these risks
Documentation is a key means of conveying information from one person or company to another, and also serves as permanent proof of tasks and actions undertaken throughout the export process. Documentation is not only required for your own business purposes and that of your business partner, but also to satisfy the customs authorities in both countries and to facilite the transportation of and payment for goods sold. One value of documentation is that copies can be made and shared with the parties involved in the export process (although you should always ensure that you make identical copies from an agreed-upon master - it is no use making changes without the other party's agreement and then presenting these as the "latest" copies). If the documentation is complete, accurate, agreed upon by the parties involved and signed by each of these of these parties (or their representatives), the document will represent a legally binding document.
An attestation of facts, such as a certificate of origin Evidence of the terms and conditions of a contract if carriage, such as in the case of an airway bill Evidence of ownership or title to goods, such as in the case of a bill of lading
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A promissory note; that is, a promise to pay A demand for payment, as with a bill of exchange A declaration of liability, such as with a customs bill of entry A receipt for goods received.
There are five broad categories of documentation you will encounter when exporting. These are: 1. DOCUMENTS INVOLVING THE IMPORTER
The proforma invoice The export contract The commercial invoice The packing list Letter of credit Certificate of origin Certificates of health Fumigation certificate Pre-shipment inspection certificate
Letter of credit Commercial invoice Bill of entry export Form F178 Form NEP (no foreign exchange proceeds) Form E (repatriation of foreign exchange earnings) Export permit Export registration form
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Bill of lading Air waybill Freight transit order Road consignment note Export cargo shipping instruction
5. INSURANCE DOCUMENTS
Premium bills
The textile industries have changed tremendously in the last few years. To sustain competitive advantage, companies must re-examine and fine-tune their business processes to deliver high quality goods at very low costs. Most companies have now outsourced manufacturing to low labours. Globalization has led to increase in
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competition and quality awareness and therefore it has become very important for the textile industry to integrate itself with information technology to survive. ERP is an integrated system that allows information to enter at a single point in process & updates a single shared database for all functions that directly or indirectly depend on this information. ERP solutions came into existence in corporate world due to various problems faced in Management Information System (MIS), Integrated Information System (IIS), Executive Information System (EIS), Corporate Information System (CIS), Enterprise Wide System (EWS), and Material Requirement Planning (MRP), Manufacturing Resource Planning (MRP II).
8.2 ERP
ERP is defined as an integrated, multidimensional system for all functions based on a business model for planning, control & global optimization of entire supply chain by using IT technology.
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ERP facilitates a companywide integrated information systems covering all functional areas such as manufacturing, sales and distribution ,accounts ,payables,receivables,inventory ,human resources, etc. ERP integrates and automates most business processes and shares information enterprise wide in real time thus improving customer service and corporate integration. ERP solution includes manufacturing marketing as well as finance sectors. The main steps in development of such a software package are: Defining the problem Designing the programme Debugging Testing Documentation Maintenance Redesign
8.4 CAD
Computer-aided design (CAD) is the use of computer technology for the design of objects, real or virtual. CAD often involves more than just shapes. As in the manual drafting of technical and engineering drawings, the output of CAD must convey information, such as materials, processes, dimensions, and tolerances, according to application-specific conventions
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The textile designs are the original works of the designers. CAD helps them to visualize and see their imaginative design in final form without producing any sample swatch. Sometimes, the customers too provide ideas for designing according to their particular requirement. These are in the form of painted artwork or fabric samples and sometimes film negatives. The textile designers, with the help of CAD, convert them into workable designs. For this to be done the sample is scanned with the help of either scanners or digital cameras and then they are edited to obtain the final design.
TEXTILE DESIGN SYSTEM: Most fabrics, yarn dyes, Plain weaves, jacquards or dobbies can be designed using a CAD.
KNITTED FABRICS: Some systems specialize in knitwear production and final knitted design can be viewed on screen with indication of all stitch formation.
PRINTED FABRICS: The print motif can be resized, recolored, rotated or multiples depending on the designers goal. New CAD systems are coming which have built in software to match swatch color to screen color to printer color automatically.
SKETCH PAD SYSTEMS: There are graphic program that allow the designer to use pen or styles on electronic pad or tablet thereby creating freehand images which are stored in the computer.
EMBROIDERY SYSTEMS: It requires assigning color and stitch to different parts of the design. Data is fed and multiple head work. Scanned images can be used also.
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DIGITIZING SYSTEMS: It can be done by defining the X, Y co-ordinates of series of selected prints around the pattern.
GRADING SYSTEMS: Certain pointes considered as Growth Points at which the pattern has to be increased to accommodate different body siz3e like 32/34/36 and so on.
MARKER MAKING SYSTEMS: It ensured minimal wastage of fabric. Striped fabric can be done also.
CUTTING OPERATIONS: Automated Cutting machines can be used after direction from marker making.
Finance department is responsible for the financial administration and management of the company in compliance with the financial rules and the financial
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guidelines acting in this company. Finance department concerns finance flow management of the company and is aimed to serving staff, managers, the Board of Directors and stakeholders and securing the financial health of the company.
Payment of invoices and expenses Income collection and salary management Production and assignment of budgets, capital plans, and cash flow forecasts Monitoring and managing financial plans Auditing and reporting financial condition Giving advice on pricing and costing
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providing money to any department. It will be helpful to fulfill each department with minimum cost. Finance department can take the past records from respective department. It will be useful for making better budget. FINANCIAL MANAGEMENT In this function finance department gets money from capital market at very low risk and cost. Finance department analyzes all the resources of funds and create a good financial structure of company. In this structure, finance department analyze whether it will decrease the overall cost of capital on Average basis or not. MANAGEMENT OF INVESTMENTS OF COMPANY After making financial structure, finance department invests debenture holders and shareholders money in best projects for getting highest return on investment. For this finance department has to take investment decision. These investment decisions can be taken with the help of capital budgeting and investment analysis techniques. MANAGEMENT OF TAXES Management of taxes is also the function of finance or finance department. Taxes may be direct or indirect. Finance department continue watches the amendments and updates in tax laws and also create good corporate relation with government by paying return of corporate tax on the time. MANAGEMENT OF FINANCIAL RISKS Finance department takes many measures for managing the financial risks of company. For reducing loss of fund due to happening liquidity, solvency or financial
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disaster, finance department makes a good plan and also takes the help of debt collectors, insurance companies and other rating agencies for reducing financial risk. MERGE OR ACQUISITION DECISIONS For creating good brand in the market, financial department works with marketing department and both takes the steps of merge and acquisition action. Main aim of merge or acquisition is to reduce competition and spread on brand in the market. Finance department provides the money for takeover any other firm for estimating its long run return.
STAFF MEMBERS
1. RAMESH[MANAGER] 2. SELVI[CASHIER] 3. SHANMUGAM[AO] 4. ABDUL SAMAD[ACCOUNTANT] 5. SELVARAJ[ACCOUNT ASST] 6. DIVYA[ACCOUNT ASST] 7. VIJAYALAKSHMI[ACCOUNT ASST] 8. SATHYA SUNDARI[ACCOUNT ASST] KANDHAN KNITSS
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BALANCE SHEET DECEMBER 31, 2009 ASSETS CURRENT ASSETS Cash Petty Cash Temporary Investments Accounts Receivable net Inventory Supplies Prepaid Insurance Total Current Assets Investments LIABILITIES CURRENT LIABILITIES Notes Payable Accounts Payable Wages Payable Interest Payable Taxes Payable Warranty Liability Unearned Revenues Total Current Liabilities
$ 5,000 35,900 8,500 2,900 6,100 1,100 1,500 61,000 20,000 400,000 420,000
36,000 Long-term Liabilities Notes Payable Property, Plant & Equipment Bonds Payable Land 5,500 Total Long-term Liabilities Land Improvements 6,500 Buildings 180,000 Equipment 201,000 Total Liabilities Less: Accum Depreciation (56,000) Prop, Plant & Equip net 337,000 INTANGIBLE ASSETS Goodwill Trade Names Total Intangible Assets Other Assets Total Assets 105,000 200,000 305,000 3,000 STOCKHOLDERS' EQUITY Common Stock Retained Earnings Less: Treasury Stock Total Stockholders' Equity
481,000
$770,000
$770,000
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10.1 SWOT ANALYSIS STRENGTH OF KANDHAN KNITSS 1. Good infrastructural facilities 2. High-tech equipments 3. Man power at least cost 4. Foreign opportunities 5. Good name among foreign clients 6. Repetitive orders from the clients 7. Quality of goods
WEAKNESS OF KANDHAN KNITSS 1. Lack of high technology when compared to foreign countries 2. Lack in high productivity 3. Lack in abundant labour supply 4. Shortage of raw materials 5. Lacking to generate economies of scale
1. High demand of goods produced by Kandhan Knitss among European Countries 2. Increased product varieties 3. Available of abundant labour 4. More demand in the market nationally and internationally 5. High investment opportunities THREATS TO KANDHAN KNITSS 1. High competition in the market 2. Geographical disadvantages 3. Continuous improvement in the quality 4. To make balance between price and quality 5. To make balance between supply and demand
CHAPTER-XI
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CONCLUSION
The Indian Textile and apparel industry plays a dominated role in the national economy and will continue to do so in near future. At present, the Indian apparel and textile sector is struggling to survive because of increasing costs of raw material, poor off take of yarns coupled with the poor realization from yarn dealers and a sharp rise in interest rate and the worse, the rising value of the Indian rupee. The industry has to pay greater attention to the issues in product improvement, labour welfare, branding and adoption of new technology for boost up their export level. Every year the growth of exports increasing and earnings of foreign exchange also increasing. From this training program I got chance to know many factors in production, merchandising and human resource departments in detail. And I like to include that the products manufactured in KANDHAN KNITSS is of high quality and hygienic. The company is able to overcome all the threats and can prepare themselves for facing the problems in advance; it can achieve a good growth in the future.
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