NTCC REPORT FULL NANAK

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 (honours)

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 well as unwoven material . The motto of our company is to achieve customer satisfaction by providing quality products that is “ customer oriented “ . The proof of the hallmark that our company has received is the quality of the product which we provide at the best competitive price .

The highlights of our company are : cotton, viscose, silk, polyester, georgette, moss crepe, rayon which also include manmade fibers . Our continuous delivery of goods or products of the customers not only increases our demand in domestic market but also increases in international market .

Our Business

Haryana Texprints Ltd. is one of the leading as well as the biggest manufacturers in textile industry . With the increasing demand in textile we have forwarded our services to garments production .

We started with sewing unit a year back with a capability of two hundred machines . We offer a variety of plain-woven cloth . Our responsiveness, flexibility, and ability to create new and innovative designs make us different from other textile industries .

Our quality and timely delivery have helped every customer to repeat their orders from everywhere that is from Forever 21,and Allen Solly.

Certification

Our passion for quality goods is well seen in our quality policy and especially designed quality assurance labs and, this is clearly visible as our dyed & printed fabrics are accepted by leading global brands.

Our Products

We offer an elegant range of kids , women and men wear 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 endeavour 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 well as unwoven material . The motto of our company is to achieve customer satisfaction by providing quality products that is “ customer oriented “ . The proof of the hallmark that our company has received is the quality of the product which we provide at the best competitive price .

The highlights of our company are : cotton, viscose, silk, polyester, georgette, moss crepe, rayon which also include manmade fibers . Our continuous delivery of goods or products of the customers not only increase our demand in domestic market but also increase in international market .

Our end objective is to give the shortest turn-around time in production and supply. Our 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 we have transparency and trust, different teams for different tasks with well qualified staff, due to simple and speedy processes we 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 weaves like plain texture, twill, dobbs, stain georgette, chiffon, crape, leno and jacquard etc. with the superior quality at competitive price as per our 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 we also do value added fabrics like Schiffly embroidery, Laces, Flocking, Foiling and Sequin’s etc.

We also provide wide range of specialised fabric finishes such as flame retardant, water repellent, waterproof, anti-static and peach finishing by this we achieve different fabric properties desired by the consumer.

At haryana texprints ltd., each fabric has one inherent quality and comfort. We promise to deliver and manufacture the best materials so that we can place ourself in United States of America in the future and are doing efforts for that. We 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 .

We have the capability and infrastructure to Dye and Print:

Sheeting and Poplins

Cambric, Mulls, Lawns and Voiles

Duck Fabrics

Rayon Fabrics like Viscose Rayon, High wet Modulo Rayon, High Ten city Rayon, Cup ammonium Rayon.

Drills, Twills, Satin and Gabardines

Plain, Dobby and Stub dress Martial.

Furnishing Fabrics

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.

Auto Maxi

Winches

Big Jiggers and Maxi Jigger

FONGS ‘s soft flow atmospheric dyeing machine fully import from Japan.

Bleaching:

2 Continuous Mercedizing machine

JT 10

Drying Range

Other Machines:

Zero-Zero / Sanfariosing

Coding / Polymerizes

Loop Azer

Print Washer

2 Hot air five chamber closed stenter with max processing width of 82”

Fir knitted fabric printing we have

Gumming and slitting machine to slit tabular knitted fabric for printing

Compact machine for special finish.

Finishing:

The unit has also special finishes for the fabric, some of the Finishes are: –

Silky

Satin Resistance

Water Repellent Finish (Scotch Ground)

Crease Resistance

Fire Retardant

Nuva guard

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 well as international markets .

Quality of products are increasing which provide more satisfaction to our customers.

As this company is old which provide it with strong understànding of the màrket.

Different types of products in different segments

Well connected with à network over roàds & tràins.

Hàve màjor clients like H&M , GAP , who very big plàyers.

Fine quàlity of goods product.

Low Làbour Cost in Fàridàbàd

Hàve good relàtionship with màny industriàlists in Fàridàbàd.

Hàve sàtisfied vàrious loàns tàken eàrlier before due time, shows greàt efficiency.

Pàst records hàve been very sàtisfying.

WEAKNESSES

Brànd àwàreness is limited to à certàin geogràphy only.

Low Làbour 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 our 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 Power loom and Hand loom Products and forcing them for product diversification.

International labour and Environmental Laws.

To balance the demand and supply. To make balance between 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 .

There is no smooth transfer when works of the person is changed, the company should work smoothly .

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, were not friendly & were rude to the younger ones.

New interns should be given with full and fair chance for presenting themselves .

Major problem comes in Job Work expenses which are very high, around 48 laces, which should be controlled.

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 .

Left out material should used for poor people or donated not thrown .

The coordination between the department is very effective .

CHÀPTER 6

CONCLUSIONS AND RESULTS

Company’s 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 doesn’t 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 were 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.

Directors’s loàn wàs reduced by 14 làcs which is àbout 18% of totàl of previous yeàr..

REFERENCES

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