Aaiseariya Summer Training

AAISWARIYA PRINTS DYG. & PTG. MILLS PVT. LTD.
Acknowledgment
I came to know the application of the management in the industrial

environment, which prevails in the country through industrial training.
In regard to this training program, I would like to acknowledge my

gratitude and thanks to our Director Manoj Joshi for catering us the opportunity of the
training. I also forward my special thanks to our faculty members Mr. Vipul Vyas, Miss
Huma, Mr. Jayesh Desai and Mr. Ojas Desai for guiding us in the training program. I
would also like to extend my gratefulness to Mr. Madan Khurana, the director of the
company for allowing me to undergo the training at their plant. I also thank to all the
executives in staff members of the company who have cooperated and availed me in my
training and have spent their invaluable time for me.
B. M. College of Business Administration

AAISWARIYA PRINTS DYG. & PTG. MILLS PVT. LTD. 2
Introduction of the Textile Industry…
Textile Industry in India…
South Asia is the largest producer of Textiles in the world. Currently, India
has the second highest spindle age in the world. The textile industry occupies a
unique place in our country. One of the earliest to come into existence in India, it
accounts for 14% of the total Industrial production, contributes to nearly 30% of
the total exports. Textile Industry is the second largest employment generator
after agriculture.
Textile Industry is providing one of the most basic needs of people and it
holds importance by maintaining sustained growth for improving quality of life. It
has a unique position as a self-reliant industry, from the production of raw
materials to the delivery of finished products, with substantial value-addition at
each stage of processing; it gives a major contribution to the country's economy.
Indian textile industry has performed remarkably well during the last one
decade. Today, not only is the garment export business growing, enthusiasm in
the minds of the foreign buyers is also at a high. Consequently, many leading
fashion labels are today being associated with Indian products. India is
increasingly being looked upon as a major supplier of high quality fashion
apparels, and Indian apparels have come to be appreciated in major markets
internationally.
Trade barriers are falling rapidly and scope for expansion is increasing,
thus promising a better export scenario for India. The abundance of cheap labor,
proximity of raw material i.e., cotton, especially of the medium and long staple
varieties, and high capital utilization give cost advantages to the Indian textile
industry.

The company listed here specialize in Embroidered Clothing, High

Fashion Garments, Hosiery Garments, Spandex Yarn, Silk Fabrics, Powerlooms
and Millmade sectors, ready made garments, cotton ,polyester, Linens, Natural
Fibre Fabrics, Men’s wear , Women’s wear, Shirting, Suiting etc.
The Textile Industry has been one of the oldest and most important
sectors of the Indian Economy. It is the second largest employment provider in
the country, next to Agriculture; it contributes to almost one third of foreign
exchange earnings; contributing to 3% of the GDP. India has also been a
significant player in the Global Textile markets. It is the third largest producer of
Cotton, the largest producer of Jute, the second largest producer of Silk and the
5th largest producer of synthetic fibre/yarn. India's exports of textiles and ready-
made garments grew by 10 % in 2001-2002 and now stand at over $14 billion.
Exports of synthetic and rayon textiles rose by 23 %. There has also been a
remarkable increase in export of polyester/viscose yarn by more than 35%,
polyester yarn by 9% and polyester spun yarn by 28%. During this period,
polyester filament fabrics increased registered an 18% growth and polyester-
viscose fabrics increased by 10%.
Textile Industry in Gujarat…
Gujarat is one of the leading industrial states in India and textile industry in
particular had contributed in a big way to the industrialisation of the State. In fact,
development of many industries likes, Dyestuff, Chemicals, Engineering/Foundry
and Cotton farming is solely dependent on this sector. The State is well known
for development of Hy-breed Cotton, Ginning, powerlooms, composite mills,
spinning units and independent processing Houses.
Textile Industry in general has suffered a setback, in specific, in organized

sector, all over the country in the recent past. Gujarat was not an exception to
this development. However, growth is prominently observed in decentralised
sectors e.g. Power loom and Textile Processing, mainly in Surat and
Ahmedabad. Overall economic growth of the State is very much dependent on

this sector. 24% to 28% of fixed investment, production value and employment of
the SSI sector are from textiles alone. Further, 23% of GSDP comes out of
textiles in the State, 16% of the cultivated land area of the state is for cotton and
Gujarat is the largest cotton producer in the country. About 30% of woven fabric
from organized sector and 25% of decentralized power loom sector of the country
comes from this State alone. Large Fabric Process Houses are concentrated in
Ahmedabad (250) and Surat (350) in the State. Surat is the largest Centre of Art
Silk Fabric producing over 40% of the Art Silk fabric produced in the country. The
State accounts for 12% share of the total textile exports of the country. A large
number of Garment Units and Garment Processing Units are developed in urban
areas of the State.
Realizing the need, State Government has, therefore, taken active step in
developing Apparel Park, one at Surat and the other at Ahmedabad under active
support of Union Ministry of Textile. Besides, Jetpur, a Centre of Saree Printing,
has been already earmarked for setting up a Textile Park in near future.
In Gujarat, textile industry mainly manufactures cotton-based fabrics in Mill

Sector. The major reason is being easy availability of the basic raw material in
the State, i.e. Cotton. Similarly, many spinning units producing only 100% cotton
yarns were established in the state. The State happened to be more conservative
with cotton textile products mainly in organised sector. Surat art silk
manufacturers are only exceptions, weaving, Synthetic Textiles in decentralised
sector. Similarly, independent processing units' process synthetic blended and
cotton fabrics. Clusters of processing units are located at Surat, Ahmedabad
(Narol) and Jetpur. Though these units fall under decentralised sector, some of
them operate on medium scale production capacity having good capability of
processing wide range of fabrics.
Ready-made garment manufacturers and hosiery knit wear units also exist
in SSI category. In early 1990s, Gujarat saw a dramatic change in its textile

industry scenario where quite a few textile mills started manufacturing denim.
The Arvind Mills, Ashima Textiles, Soma Textiles, Modern Denim, Arvee Denim
started manufacturing denim. So many mills at a time fetched a new name for
Ahmedabad: "Denim City of India" whereas city of Surat became Silk City of
India.
Textile Industry in Surat…
Textile industry development started from the hard work of our past prime
minister, Shri Morarji Desai who with his great efforts built the Surat Textile
Market in 1974 who knew at that time that this market in future would be the
main market of Textile industry in the 21st century.
The textile industry of Surat is backed up with 5 lacks looms and 500
processing houses, manufacturing 60% of the nation's requirement of man made
fibers. It also provides employment to 10 lack people. Over last few months this
industry is facing recessionary trends. To keep this industry alive and buoyant,
the state and central Government will have to take necessary steps.
To achieve the benefits of cluster development, adequate land will have to be

allocated at concessional rates. The cluster will be instrumental for the benefits of
technical upgradation and modernization of textile industry. To make the assistance
package complete I request the hon'ble CM to give the benefit of 3% and 5% subsidy, as
declared in the industrial policy of the state, in addition to the 20% subsidy given under
the central scheme for technological upgradation.
The Textile industry comprises of petro refinery, P.O.Y. units, texturizing

units, twisting units, P.F.O. units, sizing units, power looms units, water jet loom
units, job work units like process houses which are mainly concerned with the
dyeing and printing job work processes and at last wholesale trading units which

are both concerned with exports and as well as satisfying demands of textile
products of the whole country.
As per details available the CENVAT has not been successful, both in
implementation as well as generating revenue for the government. It is therefore
recommended that the entire exercise of CENVAT should be reconsidered, and if
desired, it should be dropped.
The opportunities of value added textiles is an area of thrust, and needs to

be taken up in right earnest. In this respect the apparel park is developing and
with basic facilities being available of a training center, trade center, opportunities
for development of ancillary units for the production of value added textile, will
have great scope for development. I am sure that the textile industry will avail of
the benefits and achieve high degree of growth.
Being in the heart of the city, Ring Road is a complete textile area. There
are many textile markets from where we can meet people involved retail,
wholesale and export business of cloth. Mainly Marvadis, Punjabis, Sindhis &
Gujaratis have their hold in the textile business. Textile business of Surat city
provides employment to people from each and every part of the country. Labor
workers have shifted from Uttar Pradesh, Bihar, Maharashtra and Orissa and
work in the manufacturing units of Surat. The main products manufactured by the
process houses are generally Sarees, Dress Materials, Dupattas, Scarves and
Shirting. Mostly the process houses are located in Udhna, Katodara, Pandesara
and Sachin. These are located nearby to each other and nearby to the city.

COMPANY DETAILS
Aaiswarya Prints – a renowned name in Dyeing and Printing planted in

1999 by Mr. Ramesh Dumasia, Director, has taken a shape of green tree with 10
years of successful devotion in expanding industry with customer’s continuous
support. The company is located in Industrial Estate at Block No. 69, 72 & 74,
VARELI, Tal. Palsana, Dist. Surat. Under the dynamic leadership of Shri Ramesh
Dumasia, being founder and visionary skilled person, having full wisdom to
understand and judge the market trend, today this industry has made a
tremendous growth in Dyeing & Printing of Art-silk cloth – dyeing printing of
sarees and dress material. The main reason of growth of this industry is best
usage of technique and timely support of technological up gradation in printing of
cloths by skilled persons having mastery in printing since years, using quality
product of colour and chemicals results in best quality printing of fabrics, floating
various competition among customers for printing of grey cloth, fetching very big
net-work of customers. Our company is printing 150 million mtrs. of fabrics per
month with the help of computerized design software.
About Management
The company is fully managed by its Director Shri Rameshbhai Dumasia

with his technical team headed by Mr. Amit Verma, the well experienced able
manager (tech.) managing technical matters of the company with well organized
technical staff at different level.
Accounting support is provided by well organized team headed by Mr.

Nandan Kumar, manager (A/c) using computerized accounting system and also
looking after administrative matters of the company.

The company is having about 3000 technical and non technical staff to
facilitate to meet the global needs of customers.
Working Field:
 We are having well trained technical staff in the segment of engineering

and looked after by manager Shri Amit Verma, who is attending all the
department of the company round the clock, acting as trouble shooter help
us prevent downtime by using superior technology to keep equipment
running efficiently.
 Also we are qualified and experienced printing masters who are looking
after quality printing of the fabrics by using best quality of colour and
chemical. Ability to understand the demands of the customers in quality
and attractive design printing, this provides us with the expertise and drive
for continuous improvement. They are supported by their qualified team
members. We print same exacting quality that our customers expect.
Our Ambition:
Our motto is….

 To become vibrant and competitive in dyeing and printing and to provide
best services to our customers.
 To become number one in India in the field of dyeing and printing job-
work.
 To create big customers base.
 To fetch customers around India to Aaiswarya Prints Dyg. & Prtg. Mills (P)
Ltd.

Our Specialties
 Ours is mastery in the field of printing dress material and sarees. Our
original technologies and creative, our function and performance differ
from others. That ‘s what makes us different.

COMPANY PROFILE
Name of the firm: Aaiswarya Prints Dyg. & PTG Mills
Address: Industrial estate, block no, 69, 72 & 74,

VARELI, Tal. Palsana, Dist. Surat.
Registered Office: Same as above
Phone No. 98241-20000
Year of establishment 1999
Name of Directors Mr. Ramesh Dumasia

Name of Auditors Mr. Dalal Accountants
Type of Firm Pvt. Ltd. Co.
Type of job Dyeing and Printing of Grey Cloth
No. of employees 900 per Shift
Competitors Aakar Dyeing and Printing Mills

Bhavna Dyeing and Printing Mills
Distribution Area: Surat
Suppliers: Colour Tex
Banks: HDFC Bank

Canara Bank
Bank of Baroda

ORGANIZATION STRUCTURE
CHAIRMAN
DIRECTORS
GENERAL MANAGER
SENIOR MANAGER
ADMINISTRATIONN
FINANCE PRODUCTION MARKETINGS
N

DEATAILS OF PROMOTERS AND OWNERS

Promoter and Chairman :
 Shri Ramesh Dumasia
Managers:
 Mr. Nandu Bhai ( G.M. )
Technical :
 Mr. Indervarden Dindoliwala ( dyeing )
 Mr. Narendra ( printing )
Finance :
 Mr. Nandu Bhai
Production & Marketing :

 Mr. Dhiren Bhanusali (Printing Master)
 Mr. Hitesh Gondaliya (Dyeing Master)
 Mr. Nikunj Chevli (Printing Master)
 Mr. Ajay Desia (Dyeing Master)
Human Resource Management :
 Mr. Nandu Bhai

HUMAN RESOURCE MANAGEMENT :
‘The management of man’ is the main aim of the organization. It is

important because it is a job, not of managing ‘men’, but of administrating a
social system.
“Managing people is the heart and essence of being a manager.” It is

concern with any activity relating to human element or relations in organizations.
This view has been rightly summed up by Dietz (of Chicago). In short, HRM is a
management function that helps mangers recruit, select, train and develop
members for an organization.
Personal functional covers all levels of personal inducing not only blue
collared employees like craft men, foremen, operatives and labours but also
white collared employees like professional, technical, kindred, workers,
managers, officials, and proprietors, clerical workers and sales workers.
It is concerned with employees both as individuals as well as group, the

aim being to get better results with their collaboration and active involvement in
the organization activities.
Aaiswarya dyeing & printing mill manages approximately 2700 laborers in

3 shifts which are divided in 8 hrs per shift per day. This limitation of 8 hrs/shift
has been made according to the LABOUR’S ACT, that one cannot make any
laborer work more than 8 hrs in a day, so according to the norms and regulations
the company operates. The company operates its functions according to the
rules mentioned in the COMPANY LAW.

These 2700 laborers are procured through contract made by the company
with the labour union contractor. These contracts are made by Directors as well
Manager after mutual discussion and studying as how many laborers are needed
to operate all the machines in a proper manner. After studying, what will be the
maximum requirement of employees; they make a contract with the contractor
according to the machine-wise contract.
Human Resource Planning :
Human Resource Planning is the first step in the process of staffing. It is

the process by which a firm ensures that it has the right number of people, and
the right kind of people at the right places and at the right time, doing things in
the organization.
Human Resource Planning is also known as Man Power Planning.

Planning of human resource is undertaken by the management to determine how
should it move from its current manpower position to the desired manpower
position. It usually involves two stages. The first stage involves the detailed
planning of Man Power requirements for all levels and types of employees
throughout the period of plan. The second stage is concerned with planning of
manpower supplies to provide the organization with the right type of people from
all resources to meet the planned requirements.

DESIGNATION AND FUNCTIONS:
The various designations & the functions of the Human Resources in the
organization are as under:
Sr.
Functions Designations
No.
1.  Time Keeper
Time Keeping
 Security
 Watchman
 Supervisor
2. Salary Calculation  Supervisor
 Heads of the dept.
3. Salary Payment  Heads of the dept.
 Directors
4. Recruitment  Directors
 Heads of the dept.
5. Industrial Relations  Directors/Manager
6. Welfare Measures  Directors/Manager

RECRUITMENT:
Recruitment normally means Process of identifying and encouraging

prospective employees to apply for jobs. Requirement is a process to discover
the sources of manpower to meet the requirements of the staffing schedule and
too employ effective measures for attractive manpower inadequate numbers to
facilitate effective selection of an efficient working force. Recruitment is said to be
positive in its approach as it seeks to attract as many applicants s possible. So
from many applicants the firm in not able to select all of them, but will try to select
the best qualified out of it.
Recruitment normally refers to process of identifying and encouraging
employees to apply for jobs. If they really want at the top level or some special
skilled person with high qualifications, all the appropriate people try to fill the
forms and post the applications to the firm. These applicants are through
reference of some known person. Or else they will inform the current working
employees to bring someone for such a post.
The management’s requirement of manpower is subject to the trend
demand and economic situation of the market. Its, thus, conveniently employ
local unskilled labour for carrying out the production process at lowest cost. The
firm hires blue collared workers through incharge persons. These contractors
have a close link with the towns and villages for this purpose. It is his
responsibility to see how many persons need to be recruited for the particular job.
The production does not involve any complex operation requiring high
knowledge or understanding on the part of employee. Experience is thus the
main necessity for workers as well as the company.

SOURCES OF RECRUITMENT:
The sources of recruitment for the company are :
Internal Source
- Present employees
- Employees contact
External Source
- Contractors
- Gate hiring
- Labour market
- Competitors
SELECTION:
“Selection is a process of picking individuals out of the pool of

job applicants with requisite qualifications and competence to fill
jobs in the organization”. Or it can even be termed as “A Process of
differentiating between applicants in order to identify and hire those
with a likelihood of success in a job.”
As it is an organized sector but that too in textile processing unit in
Surat so we cannot expect much from the firm. As normally if the firm has an
departments then they need to follows certain steps or process for it. Even if this
firm wants to select the right person at the right time then they can follow these
steps.

JOB DESCRIPTION AND SPECIFICATION OF VARIOUS

POSITIONS:
The various positions of job entertained by the company are:
1) labour
2) supervisor
3) department head
4) manager
5) director
The descriptions of the job of various positions are:
Labour:
Labour is at the bottom level person of the organization. At this level
a person has to work by himself and no order is passed further. This class of
people basically works on the daily wage basis. They are uneducated and
unskilled.
Supervisor:
The superiors of the labourers act as supervisors. They are the link
between the department head and the labourers they pass on the orders of
the superiors to the subordinates. Supervisor is a knowledgeable person of
the particular field of working and has the capability to make the work done by
the labourers as demanded by the superiors. He only prepares the reports of
the work done under his department.

Department head-
The head of the department is the director of the particular

department. The entire departments have their individual head. The main task
of the head is to see that the department which belongs to him should
function properly. All the pros and cons of the department are to be handled
by him only. He is qualified experienced person with a deep knowledge of the
department he is working in. He is high salaried person of the company e.g.
Master, technical head etc.
Manager-
The head of the entire department or the assistant of the director is

termed as manager in this firm. He sees after all the things in the absence of
the director. He pass on the information to the different department as
provided by the director he remains in a regular touch with the director.
Manager is the person of confidence for director as he acts as the very close
person to the director he is highly qualified and knowledgeable and keen to
take the decisions in the absence of director.
PLACEMENT:
The firm generally appoints and gives placement according to the job and
the requirements’. They always try to place fresh new experienced employees for
the job if necessary.

After a employee has been hired he/she must be placed in right job.
Placement is understood as the allocation of employee to jobs. It is the
assignment or re-assignment of an employee to a new job or different job.
TRAINING:
“Training is an attempt to improve current / future performance

of employees by increasing ability through learning and changing the
employees attitude.”
Training means imparting skills to employee. Employees need various skills

to perform efficiently like basic skills, technical skills, and soft skills.
Training of employees in this unit is at zero level, because all the

employees are on contract basis and the contractor only sends those who are
aware of their job work. But, they are unskilled laborers so they should impart
training on timely basis to avoid any loss in production. The following are the
points that prove that training should be imparted to the employees:
PROMOTION:
“PROMOTION means an improvement in position,

responsibility, prestige and pay within the organization. A mere
shifting of an employee to a different job which has better working
hours, better location and more of pleasant working conditions does
no amount to promotion. The new job is a promotion for the
employee only when it carries increased responsibilities and
enhanced pay”.

The firm does not prefer more of external employees as they feel that the
internal employees should be promoted from small positions to higher positions.
As they know better of the employees rather than showing external employees
the facts and figures. They give promotions to employees on performance basis
as they do not believe in seniority. e.g. worker may be promoted to the post of
supervisor, which would not only increase his status but also authority and pay
scale. This helps the employees to work harder and perform better in order to get
a promotion. This keeps competition among the employees and in order to
achieve their targets.
When they expand their business they generally promote employees as
they believe that in new upcoming project experienced people are more required
than fresh ones. They normally do this process according to their work or yearly
basis if required.
INCREMENTAL POLICIES:
The directors after evaluating the work performance of the office staff
provides bonus to them once in a year. Not only the administrative staff is given
bonus but also the laborers are provided accordingly when the prevailing rate in
the other units increase.
This policy is made to gain the confidence of the employees and thus
they prove to be more beneficial in future for the organization.
PERFORMANCE APPRAISAL :
“Performance Appraisal is the systematic evaluation of the individual

with respect his or her performance on the job and his or her
potential for development.”

The company does not follow the process of performance appraisal on a

large scale, but managers do have interactions with the employees regarding
their performance in the given time. These few interactions keep the employees
motivated and help them perform better. The performance of the employees are
checked and noted, so that difficulties are sorted out.
WELFARE ACTIVITIES
After employees have been hired, trained and remunerated, they need to
be retained and maintained to serve the organization better. Welfare facilities are
designed for the betterment of the employees, they do not generally result in any
monetary benefit to the employees.
“ Labour welfare is a term which must necessarily be elastic,

bearing a somewhat different interpretation in one country to
another, according to the different social customs, the degree of
industrialization and educational level of the workers.”
Welfare is a comprehensive term and refers to physical, mental, moral, and

emotional well being of an individual. Labour welfare relates to taking care of the
well being of workers by employers, trade unions and governmental and non-
governmental agencies. The welfare activities gets a worker to perform better as
he is being taken care of and in return they work harder to achieve targets for the
welfare of the company.
Thus employee benefit and services along with incentives and reward
provides strong motivation to the employees to work hard, better and to be an
integral part of the firm.

AAISWARYA Prints takes part in providing different welfare measures to its

employees:
 There is a distribution of work hours and provision for rest hours, meal times
and breaks and also mess facility is provided to them in which food is provided
under cost and those who does overtime get food free of cost.
 It provides safety measure like first aid facility for 24 hrs, gloves those who
uses chemicals and colors, etc.
 There is a provision for rest rooms in different areas of the production
house.
 Workshop sanitation and cleanliness, ventilation, proper lighting, elimination
of gases, dust, smoke, etc.
 There is a provision of drinking water from water coolers and water for
washing hands at different areas in the production house.
 Bonus is offered to workers on seasonal basis or if targets are achieved
when provided.
 The wire man, electrician, and clerks have their personal insurance of them
and their family provided by the company.
 If the medical expense of worker goes above Rs. 5000 then company will
bear the whole expense.
 Company has a welfare fund ,in which every worker has to give Rs 2 twice a year
.

LABOUR RELATIONS
Labour is the basic power to run a business. Without the help and mutual
understanding either of the management and labour cannot perform. In any
production unit, the laborers do work and the management ensures that the
laborers are provided with the congenial atmosphere to work.
The employees have easy access to the management and they are free to
draw the attention of the management towards any of their grievances. Also the
management in order to keep healthy relation they treat them as their family
member:
 Provides gift to all the employees during every Diwali and also if there is
any particular occasion.
 Also the directors after evaluating the work performance of the office staff
provides bonus to them once in a year.
 Mediclaim policy for the office staff .
 According to the government norms the management provides some
funds to the family if any workers casualty occurs in the unit.
ACTIVITY OF TRADE UNION:
Inspite of all the precautions taken by the management to maintain

healthy relationships with the labourers there are a few cases in which the
labourers are demotivated by trade union of the industries. These union leaders
then approach the company for settlement, etc. but these sorts of cases are rare.
EMPLOYMENT RECORDS :

In any large organization like AAISWARYA MILLS where a number of

employees are working in various departments, proper record of employees is a
must. The maximum part of the employee record is done on the computers. The
names of the employees of each department with their qualification are recorded
in the computers. This helps the company to get and store the information faster.
The computers are the most important aspect of recording data. The data are
also kept in the files. A separate file is maintained for each department, which
contains all the track record of that employee right from his application form up to
his latest appraisal.
Normally, the company does up gradation of these records annually. The
application form has the provision of all the details of the employee prior to his
appointment in the company. The copy if application form is enclosed which
contains all the records of an employee like his name, address, age,
qualifications, experience, etc.
The above data stored and maintained were of the administrative staff but
the main and most complicated is the recording of the laborers status which is
done on daily basis. The maintaining of their records is done by the time/pay
officer who prepares a attendance sheet including the names of all the laborers
who are hired on contract basis from the contractor. Everyday in the morning
when the night shift goes day shift laborers come on time and when they enter,
there is a list of names that are in day shift in the register of the security. The
security everyday takes their signature who all come and reports it to the
time/pay officer. Then the officer goes on a round in the unit to check whether
they have come and are performing their activity rather then sitting idle. Thus
after checking the time/pay officer sees if there are any extra employee who has
no work then also have come. If he finds any mistake he then reports complaint
to the manager who then questions the contractor and thus takes effective steps.
After all attendance procedure is done the time officer finally feeds the
laborer complete data into the computer daily. This helps him at the time of
payment of wages to them. Thus to avoid any problem and mistake in future

these records are to be maintained very systematically. These data also helps in
finding out cost of production per meter.
BREAK UP OF EMPLOYEES :
(in 10)
NO. OF EMPLOYEES
2
7 FINANCE
3
25
3
MASTER TEAM
MANAGERS
ENGINEERS
EXCISE
249
LABORERS
WAGE & SALARY ADMINISTRATION :
Wage and salary is what employees receive in exchange for their

contribution to the organization. The term ‘wages’ implies remuneration to
workers doing manual work. The term ‘salaries’ is usually defined to mean

compensation to office, managerial, technical and professional staff. These types

of compensation could be fixed, daily or on time basis.
The company provides time and piece wage to its employees for their
services that they render. The actual wage of the employee is dependent on a
few factors. Prevailing wage rate of the workers in other factories could be one of
the factors. The other factors being productivity of labour, and attendance of the
worker
Piece Wage
As per the piece wageworkers are paid according to the number of units
completed by them. The rate of each unit is decided in advance, irrespective of
time taken to do the task. In the company, folding department, grey department,
printing machine department wages are paid on meter basis.
INCENTIVE SYSTEM
Bonus is offered to workers on seasonal basis or if targets are

achieved when provided on a particular day. Targets are made because the
employees feel to achieve their goal so that they will be given bonus and thus
work faster and properly which results in effectiveness for the company in
achieving their targets.

FINANCE DEPARTMENT
Finance is like the blood in veins for the company. Whether small or big,
each business has to manage the finances properly. Thus it can be said that
company’s survival and finance goes hand in hand.. If the finance department
fails in proper administration, the company can collapses. Thus, finance holds an
important position in the company and must be handled with top priority.
“Financial management is that managerial activity, which is

concerned with the planning and controlling of the firms financial
resources.”
We cannot imagine a business without finance because it is the central

point of all business activities, no matter whether the business is big or small,
government, semi-government or non-government. The finance function of the
management is equally important for all profit making organizations.
Financial Management is that specialized function of general

management, which is related to the procurement of finance and its effective
utilization for the achievement of common goal of the organization. It includes
each and every aspect of financial activity in the business.

ORGANIZATION STRUCTURE
FINANCE
FINANCE MANAGER/
ACCOUNT PAYMENT
CASHIER
CONTROLLER COLLECTOR
ACCOUNTANT
CLERK
Finance is the most important and governing tool for any

business. It can be termed as a hear of business, thus, financial
management is that managerial activity which is concerned planning and

controlling of the firm resources. Any firm performs finance functions

simultaneously and continuously in the normal course of the business,
finance function call for skillful planning, control and execution of the firms
activities.
IN A BUSINESS UNIT NEED OF FINANCE ARISES DUE TO THE

FOLLOWING REASONS:-
1. For the purpose of Expansion.

2. For the purpose of Establishment.
3. For the purpose of New Inventions.
4. For the purpose of Diversification.
In financial department, finance is required by not public companies but

partnership firm of its director and family members. Loan is taken from Banks.
The AAISWARYA MILLS has established the finance department. The structure
of the finance department is so simple.
CAPITAL BUDGETING:-
Introduction:-
An efficient allocation of capital is the most important finance function in the

modern times. It involves decision to commit the firm’s funds to the long-term
assets. Such decisions are of considerable importance to the firm since they tend
to determine its value size by influencing its growth, profitability and risk.

The investment decisions of a firm are generally known as capital budgeting or

capital expenditure decisions. A capital budgeting decision may be defined as the
firm’s decision to invest its current funds most efficiently in the long-term assets
in anticipation of an expected flow of benefits over a series of years. The long-
term assets are those, which affect the firm’s operations beyond the
modernization and replacement of long-term assets.
The following are the features of investment decisions:
• The exchange of current funds for future benefits.

• The funds are invested in long-term assets.
• The future benefits will occur to the firm over a series of years.
Investment decisions require special attention because of the following

reasons:
• They influence the firm’s growth in the long run.

• They affect the risk of the firm.
• They involve commitment of large amount of funds.
• They are irreversible, or reversible at substantial loss.
• They are among the most difficult decisions to make.
AAISWARYA MILLS capital budgeting decision-making level:-
AAISWARYA MILLS deals with expenditure of fixed nature. They

purchase assets, which are helpful in the running of their business. These assets

are of fixed nature. Hence, they have adopted operating capital budget as the
capital budget decision making level. They only concentrate on those
requirements which are needed for operating and working of the organization like
purchase of machinery, replacement of old PC, purchase of office equipments,
construction of new building, etc. they concentrate on expansion in the existing
line of business and also on statutory requirements, which help the firm to run the
business smoothly.
Basis of capital budgeting:-
An organization had to find which type of assets is needed, i.e. whether there is
going to be an
• Expansion of new business
• Purchase, replacement and modernization
AAISWARYA MILLS concentrate only on the purchase, replacement and

modernization of the fixed assets, which are, like land, building and machinery.
Thus, it can be said that they spend on expansion of the existing line of business.
Process of capital budgeting:-
The most important aspects of the capital budgeting process are as

follows:
• Identification
The first step in capital budgeting process is obviously recognizing the need
of investment. Identification of the investment area is the most critical aspect

of investment process. Once the need of investment is recognized, steps can

be taken to invest in that area. The same is guided by definite and overall
strategic considerations of firm.
• Development
Once the need of investment is recognized, the concerned authorities

develop the idea of investment. The idea of investment is put down in a
formally organized manner. It should come out as an effective plan that can
be implemented at the required level.
• Evaluation
After the idea is put in an organized manner and the development of the
idea done, the management evaluates the same. It has to be evaluated in the
light of implication, the process required, its expected benefits against the
amount spent on it, keeping in mind the external factor affecting the
investment, for example, the existing market conditions. For this, the company
adopts a particular system involving the techniques of estimation of the cash
out flow, the calculation of returns, etc.
• Authorization
The proposal, once evaluated, needs to be authorized. This needs

appropriate managerial focus. The investment, if considered worth, after

considering all the justification for the amount to be invested, is approved by

the top management. Thus, the authorization is said to be done, after which
an investment can actually be made in the proposed asset.
• Control
Control suggests the follow up of the investment decision. It suggests

keeping a check on the outflow sanctioned and the amount actually spent on
the item sanctioned. Any diversions are found out and corrected.
COSTING SHEETS AND CLASSIFICATION OF COSTS IN

DIFFERENT CATEGORIES:-
The mill has deciding its cost on base of the cost of the raw material,
transportation cost, other expenses, which are doing for the material, labour
surety or quantity or quality of the product.
These all factors are analyzing by the financial department than take
decision about price of the product.
Mill’s costing method is so simple and cost of the price prepare by the
financial manager then manager presents his cost chart in the board meeting
then passing cost price by all board members. After this process finance
manager launching products price in the market company deciding its price with
help to demand of the products in the market if demand is high so its price is also
increase at low rate.
WORKING CAPITAL MANAGEMENT:-

Working capital may be blood of a business or company. The success of a

business depends on working capital to ensure such needs. And on other hand,
Ruff management of available working capital can lead not only to loss of profit
but also down fall of a business. The study of working capital is helpful to take
any future corrective action. Among many such analytical tools ration analysis is
a simple but effective tool available to the management.
Working capital has two concepts:
• Gross working capital.

• Net working capital.
o Gross working capital refers the firms’ investment in current assets.
o Net working capital refers to the excess of current assets over

current liabilities.
There are two types of working capital:
 Permanent working capital.

 Temporary working capital.
Permanent working capital is minimum amount of current assets, which is

named to business even during the dullest season of the year. This minimum
level of current assets is called permanent or fixed working capital as this part of
capital is permanently blocked in current assets.
Temporary working capital represents a certain amount of fluctuation in

current assets during a short period. These fluctuations are increase or decrease
is generally, cyclical in nature. Additional current assets are required at different
time during operating year.
Working capital is as essential as fixed capital in the successful operation

of a production unit. In the past, only the problems of the management of fixed
capital where considered in the study of financial management. But no, the
problems of working capital management are also given the same authors go to
the extent of saying that financing management means working capital
management.

Working capital refers the excess of current assets over current liabilities.
Working capital management therefore is concerned with the problems that arise
in attempting to manage the current assets & currents liabilities and inter-relation
between them.
INVENTORY MANAGEMENT:-
INTRODUCTION:-
Inventory is composed of assets that will be sold in future in the normal

course of business operations. Inventory cannot the value of Raw- materials,
Work in progress, finished goods, Supplies, Scrap in which a company’s funds
have been invested. It means Inventory is blockage of money.
Martin and miller identified 3 general motives for holding inventories:-
(1) Transaction motive:-
Transaction motive refers to the need to maintain inventories to facilitate

smooth production and sales operate.
(2) Precautionary motive:-
Precautionary motive refers to the need to maintain inventories to provide

a safeguard or cushion in case the actual level of activity is different than
anticipated.
(3) Speculative motive:-
Speculative motive refers to the desire of company to take advantage of

opportunities of rising prices which present themselves at unexpected moments.
IMPORTANCE OF INVENTORY MANAGEMENT:-
Inventory constitutes in every business concern the most significant part of

working capital, or current assets. Successful inventory management leads to
success of working capital management so inventory management becomes

important. Inventories in Indian industries constitute more then 60%of current

assets.
OBJECTIVES OF INVENTORY MANAGEMENT:-
(A) To minimize investment in inventory to maximize profitability.
Investment in inventories is an important decision because it affects

investment in working capital & working capital turns over investment & under
investment are harmful for business.
 EFFECTS OF UNDER INVESTMENT:
Because as under investment a situation of scarcity of Raw material &

work in process arises and so production is affected, the competitors take benefit
of it.
 EFFECT OF OVER INVESTMENT:-
Excess of carrying cost the risk of liquidity cost unnecessary tie-up of firm &
loss of profits.
(B) To the need to maintain inventory in order to facilitate efficient & smooth
production & sales operations.
INVENTORY VALUATION METHODS:-
Inventory Valuation in any organization is tough job. The inventories are

valued in AAISWARYA MILLS by finance manager and store keeper.
The Manager valuate inventory in term of 3 steps.
1. Raw Material

2. Work in Process
3. Finished Product
CASH MANAGEMENT:-
Cash is a crucial component of working capital. It is the important current

asset for the operation of the business. Cash is the basic input needed to keep
the business running on a continuous basis. It is also the ultimate output
expected to be realized by selling the service manufactured by the firm. The firm
should keep the right amount of cash with it. Cash shortage will disrupt the firm’s
manufacturing operations while excessive cash will simply remain idle, without
contributing anything towards the firm’s profitability. The term cash includes
currency, and cheques held by the firm, and balances in its bank accounts. Cash
management is concerned with the managing of the following:
• Cash flows into and out of the firm

• Cash flows within the firm
• Cash balances held by the firm at a point of time by financing deficit or
investing surplus cash.
The ideal cash management system will depend on the organization

structure, competition, culture and options available.

CREDIT POLICY:-
An AAISWARYA MILLS is large working enterprise. So MILL having many

supplier and buyer. It buy lignite , chemical & colours in heavy quantity but
paid all payment in cash because mill having healthy working capital. Mills
make a job work on raw material. It gives 30 days credit policy to customer.
METHODS OF CALCULATING DEPRECIATION:-
Depreciation on fixed assets has been calculated on Straight Line Method

at the rates prescribed in Schedule XIV to the Companies Act 1956. On revalued
assets, the depreciation has been charged by dividing the unamortized
depreciable amount over the residual life of the assets.
STOCK IN TRADE:-
Stock in trade is valued on First-In-First-Out basis at cost or market value

whichever is lower.
SWOT ANALYSIS:-
Analysis from viewpoints of strength, weaknesses, opportunities and threats of

the mill is as below:-
• Strength:-
1) Company Reputation.
2) Market Share.
3) Strong distribution system.
4) Sound financial system.
5) Innovative and fancy designs are strong feature of products of the

company.

6) Healthy relationship between management and employees.
7) Effectiveness of Pricing, Distribution, Promotion, Sales force,

Geographical coverage.
• Weakness:-
1) Sales promotion and advertising expenditure is lower than rivals.
2) Apart from strength and weaknesses of the company, some of the

landmark opportunities and threats can be pointed below:
• Opportunities:-
1) With arrival of the year 2003-04, the mill will get well chance to have more
export overseas due to exemptions of trade restrictions.
2) In the current state of slumping textile industry, Aaiswarya can still

heighten as a potent market player with good use of its resources.
• Threats:-
1) Manufacturing of traditional sarees and dress materials will be a major

threat in the fashionable market on account of volatile preferences of the
modern consumers. Due to the bent of young generation towards western
attires, the company may stagger in the market of traditional clothes.

Profit & Loss Account for the year ended on March 31st 2009
Particulars For the year ended 31-3-2009
1.INCOME
Sales-Job work Income 689,933,366

Closing stock 28,861,767
Other Income 3,930,187
Total 723,725,320
2. Expenditure
Opening Stock 20,312,115

Purchases 214,240,211
Manufacturing & Operating Exp. 169,322,119
Employee’s Emoluments 170,225,361
Sales & Administrative exp. 75,260,544
Others misc. exp. 8,236,192
Financial Charges 7,184,233
Depreciation 22,999,212
Preliminary Exp. Written Off. 891,374
Total 688,671,361
Profit Before Tax 35,053,959
Provision for Tax

-Income Tax 8,138,855

-Fringe Benefit Tax 186,377

-Wealth Tax 11,018
-Deferred Tax 2,429,405
Total 10,765,655
Profit After Tax 24,288,304

Add: Balance brought forward 25,645,019
previous year
Balance carried to Balance Sheet 49,933,322
Earning per share 20.25
Balance Sheet as on 31st March 2009

Particulars As at 31-3-09
SOURCES OF FUNDS
1 Shareholders’ Funds
Share Capital 11,997,110
Share Premium 48,000,000
Reserves & Surplus-Profit & Loss A/c 49,933,322
Total 109,930,432
2 Loan Funds
Unsecured Loans 72,654,765
Secured Loans 56,626,250
Total 129,281,015
APPLICATION OF FUNDS
1 Fixed Assets
Gross Block 283,291,255
Less: Accumulated Depreciation 93,299,228
Net Block 189,992,027
Add: Capital Work in Progress 897,500
Total 190,889,527
2 Investments 20,386,839
3 Current Assets, Loans & Advances

Inventory 29,861,767
Sundry Debtors 79,994,768
Cash & Bank Balances 1,678,086
Loans & Advances 59,583,970
Total 171,118,591
Less: Current Liabilities & Provisions

Sundry Creditors for Capital 11,672,601
Goods
Sundry Creditors for Others 15,521,848
Advance from Customers 44,328,362
Provisions 71,660,701
Total 143,183,512
Net Current Assets 27,935,079
4 Miscellaneous Expenditure -
( to the extent not written off or adjusted)
Total 239,211,447
Ratio Analysis
(1) INVENTORY TURNOVER RATIO
= ____Total Sales___
Average Inventory Investment
Average Inventory Investment = Opening Inventory + Closing Inventory

2
YEAR 2009 AVERAGE INVENTORY = 20312115 +
29861767
2
= 689933366 = 25086941
25086941
= 27.50
Interpretation: - High ratio is better than the low ratio. It implies good inventory
management. Here, inventory turnover ratio is 27.50 times in year 2008-09 which
is not good for the company’s financial position. It signifies excessive inventories
or over investment in inventory.
(2) DEBTORS TURNOVER RATIO = __Total Sales__

Average Debtors
AVERAGE DEBTORS = Opening debtors + Closing Debtors

2
YEAR 2009
= 689933366
79994768
= 8.62 times

(3) AVERAGE COLLECTION PERIOD

= __360 Days__
Debtors turnover Ratio
YEAR 2009
= 360
8.62
= 41.76 = 42 days (approx)
Interpretation: Higher the ratio, shorter the collection period which indicates
better credit management, better liquidity of debtors & adverse effect of sales
volume, while lower ratio & long collection period reflects delay in payments
from debtors. In this company, debtors’ turnover ratio in the year 2008-09 is
8.62 times which is good for the company, since the collection period is 42
days which states that the collection period is good if compared with local
textile system.
(4) CURRENT RATIO

= Current Assets
Current Liabilities
YEAR 2009
= 171118591
143183512
= 1.20 :1
Interpretation: - As a conventional rule a current ratio of 2:1 is considered
satisfactory. This company has current ratio of 1.2:1 which is not satisfactory if
relate with rule but it is moderately satisfactory in the real life situation. This
current ratio represents margin of safety for the creditors. The higher the ratio
higher is the safety margin.

(5) DEBT EQUITY RATIO
= Total Long Term Debt

Net Worth
YEAR 2009
= 129281015
61930432
= 2.08:1
Interpretation: - The ratio reflects the relative contribution of creditors & owners.
A high ratio implies a large share of financing by the creditors of a firm; a low
ratio implies a smaller claim of creditors. This company has debt equity ratio of
2.08:1 in 2008-09 which implies that the claims to the creditors are higher than
the owners.
(6) QUICK RATIO:-

= Current Assets – Inventories
Current Liabilities
YEAR 2009
= 171118591 – 29861767
143183512
= 0.986 :1
Interpretation: - As a conventional rule, an acid test ratio of 1:1 is considered
satisfactory, as a firm can easily meet all current claims. This company has
0.986:1 in 2008-09 which is bit lower than 1:1 hence, the company has a good &
sound cash position.

(7) DEBT TO TOTAL ASSETS RATIO
= Total Debt_
Total Current Assets
YEAR 2009
= 129281015
171118591
= 0.75
(8) GROSS PROFIT RATIO
= Gross Profit
Sales
YEAR 2009
= 35053959
689933366
= 0.05
Interpretation: - A high ratio is the sign of good management as it implies that

cost of production is relatively low. The gross profit ratio is 5% in 2008-09. Here
the ratio can not be said as good.
(9) NET PROFIT RATIO:

= NPAT
Sales
YEAR 2009
= 24288304
689933366
= 0.035 = 3.51 %

Interpretation: - A high ratio is the sign of good management as it implies that

cost of production is relatively low. The Net profit ratio is 3.51% in 2008-09. Here
the ratio can not be said as good
(10) RETURN ON SHAREHOLDERS EQUITY RATIO
= NPAT
Equity
YEAR 2009
= 24288304
11997110
= 2.02

PRODUCTION DEPARTMENT
According to “ALEXDER SOLZHENITSYS” (August1914) :
“ With reference to goods, production is the fabrication of physical

object through the use of labor, materials, equipments & other
utilities like power etc. With reference to services, production is the
discharge of a function which has got some utility.”
DETAILED ORGANIZATION STRUCTURE OF PRODUCTION

DEPARTMENT
HEAD OF DEPARTMENT
↓
DYING MASTER
(FOR EACH PLANT)
↓
SUPERVISOR
↓
SHIFT INCHARGE
↓
PANEL OPERATOR
↓
PROCESS CONTROLLER

PRODUCTION:-
Definition:-
Production is a process of converting inputs into outputs i.e. raw material
is converted into finish goods.
CONVERTION
INPUT PROCESS OUTPUT


PRODUCTION PROCESS
RAW
MATERIAL
DRUM
MACHINE
JET
DYING
STENTER
MACHINE
PRINTING ROTARY
MACHINE MACHINE
(SAREES) (DRESS)
DRY
MACHINE
LOOP
MACHINE
WASHING
STENTER
MACHINE
ZERO-ZERO
MACHINE
FOLDING
B. M. College of Business Administration MACHINE
RAW MATERIAL:-
AAISWARYA MILLS having raw material as a grey, chemicals & colours.

It gets the grey from customer for job work, after completing job work it’s
delivered to customers in given time period. It purchases colours and chemicals
from Colourtex co. ltd.

DRUM MACHINE:-
AAISWARYA MILLS has 8 drum machines. Drum machines are used for
swelling grey. It has costing approx 7, 00,000 Rs. per machine. Its capacity of
swelling the grey is 28000 meter per day. There are seven workers working on
this machine one operator, one assistant and two labours.
JET DYING:-
AAISWARYA MILLS has 35 jet dying machines. Jet dying machines are
used to make a colour on grey. It also has 2 long jet machines to dying on wrinkle
grey. Chemicals used in jet machines are anzorty, NIT costic, acid objelic. It has
costing approx 7, 00,000 Rs. per machine. Its capacity to dye the grey is 9000-
10000 meter per day.
STENTER MACHINE:-

AAISWARYA MILLS has 20 Stenter machines. These machines are heart

of whole process, used to setting the material according to demand of width,
quality and preference of customer. At least 8 workers work on one machine
including one operator, one assistant, one supervisor, one kanjiman, two helper
and two flatter man. It has costing approx 40, 00, 000 Rs. per machine. Its
capacity is 40000-60000 meter per day.
Folding Machine :
AAIWARYA MILLS has 30 folding machine. It is used for folding the

clothes. It’s costing approx 3, 00,000 Rs. per machine. Folding machine is use for
folding raw material in one batch call “Taka”.

FLAT BAD MACHINE (SAREES):-
AAISWARYA MILLS has 15 flat bad machines. It is used to print the

sarees. In these machines designed plates, colours and chemicals are used. This
machine is costing approx 18, 00,000 Rs. per machine.

ROTARY MACHINE (DRESS):-
AAISWARYA MILLS has 7 rotary machines. It has costing approx 23,

00,000 Rs. per machine. It has 1,00,000 mtrs production capacity per day.

LOOP MACHINE:-
AAISWARYA MILLS has 8 loop machines. Loop machines are used to

develop the printed clothes and give the shining to it. It has costing approx 30,
00,000 Rs. per machine.
SEWING MACHINE:-
Sewing machine is used to sew the grey clothe, when one roll of grey completes
and other is to begin.

WASHING:-
After developing colour, clothes going for wash. AAISWARYA MILLS uses
different chemicals like hydrocostic, soda, acidic acid, HCL, NID etc.
There are four steps to wash clothes:
1. Soap water
2. Cold water
3. Heat water
4. Cold water
STENTER MACHINE:-
Once again Stenter machine comes into a process. At first time Stenter
machine is used for setting on grey (unprinted) and this time it is used for setting
on printed clothes, after clothes having washed.
ZERO-ZERO MACHINE:-
AAISWARYA MILLS has 4 zero-zero machines. It is costing approx 4,

00,000 Rs. per machine. It is used to iron the clothes. Its capacity to iron the
clothe is 60000-70000 meter per day. About 6-10 kg. pressure is given to this
machine.
FOLDING MACHINE:-
Once again folding machine is used. First time it is use for gray mariel but
now it is used for printed cloth.
BOILER:-

Boiler is the backbone of whole production process. It is worked as rudder

of ship, it gives heat to each machines. Lignite is used to energize the boiler.
Company uses two types of boiler.
(1) Thermo cap boiler:-
Machines based on this boiler are stenter machines, printing machines,

rotary machines. Its temperature is 275 degree celcious.
(2) Steam boiler:-

Machines based on this are jet machines, zero-zero machines, loop

machines, washing machine. It runs at 10 kg pressure
LIST OF MACHINERIES

SR. NO. MACHINE No. of USE

machines
1 JET DYEING 35 SCOURING/DYEING
2 STENTAR 20 WIDTH SETTING,
IRONNING & FINISH
3 LOOP AGER 8 STEAM FOR COLOUR
FASTNESS
4 WASHING RANGE 4 WASHING OF EXCESS
CHEMICALS
5 FOLDING MACHINE 30 FOLDING OF
FINISHED FABRIC
6 DRUM 8 STONNED EFFECT
7 PADDING MACHINE 2 DYEING IN STRIPE
FORM
8 0/0 MACHINE 4 SOFTNESS
9 ROTARY MACHINE 7 PRINTING FABRIC
10 PRINTING MACHINE 15 PRINTING FABRIC
11 BATCHING STENTER 9 BATCHING
12 AIR COMPRESSOR 3 AIR PRESSURE
13 HYDRO EXTRACTOR 4 DRYING OF FABRIC
14 BOILER 2 STEAM GENERATION
15 TURBINE 1 POWER GENERATION
16 D.G. SET 2 POWER GENERATION
17 R.O. PLANT 1 WATER PURIFICATION
18 D.M. PLANT 1 WATER PURIFICATION
PURIFICATION
TYPES AND CLASSES OF MATERIAL HANDLING EQUIPMENTS:
The material handling part is very important in any production process of

any factory. If it is not done properly then there will be great loss of time, quality,
material etc and also expense increase to some extent.

In aaiswarya this point had given great importance and accordingly

equipments are designed and planned. These equipments are explained in short
below.
The lists of material handling equipments are as follows.

1. TEMPO:
2. TROLLEY AND BASKET
3. MAN HANDLING: STICHING, FOLDING, SETTING.
4. SLIDES
5. BUCKETS
1. Tempo
Tempo can be explained as huge trucks used to bring grey fabrics from
market to factory and finished fabrics from factory to market area. The company
owes two big trucks and two small trucks which continuously take round between
factory and market area for picking grey and delivering finish goods. In each big
tempo around 600 rolls can easily comes which is around 60000 meters of cloth.
2. Trolley And Baskets:

This is one of the most important and busy material handling equipment
among all other equipment. There is a hollow trolley of steel with wheels over
which plastic basket is kept. Trolley helps the basket to move and in the basket
fabrics are kept during process. These equipments are used to move fabrics
inside the production area from one department to another department.
3. Man Handling
Man handling can be explained as human being who carry the rolls on
their shoulders for its mobilization. Mainly basket and trolleys are only used but to
load and unload the fabric rolls from tempo man handling are used.
4. Slides

A slide is an incline platform, which transports the cloth from the top
floor to the store or ground floor. Handprint is done on the second floor; to bring
the finished goods from the there is very time consuming. With the help of slide
the job is much easier and faster. A trolley is kept at the end of the platform so
that the cloth falls directly in the trolley. This saves the manpower as well as time.
Then the trolley is taken to the dispatch department.
5. Buckets
Small buckets are used to carry colours and chemicals from colour store
to the actual machine where it is to be used.
PRINCIPLES:-
Material handling is the movement of material and supplies from one
place of operation to another. Material handling practices may vary but the
principles undermining them are same. The important principles are:-
a) The least handling is the best handling. This can be achieved by properly
planning stores lay-out.
b) Standardization of methods and equipments, aids material handling. This

is true because the method of operation and equipment standardization
will greatly facilitate training of operators and keeping the cost down.
c) Special equipment requirement should be kept to a minimum as the

special equipment will necessarily be very costly.

d) The decision regarding the mode of handling is dependent upon the size,
weight, volume, etc. The principle of utilization/containerization will greatly
facilitate material handling especially in respect of bulk handling.
Inventory Management:-
Definition:-
Inventory is composed of assets that will be sold in future in the normal
course of business operation.
Types of Inventory that “AAISWARYA MILLS” holds are:

• Raw material inventory:-
These are goods which have not yet been committed to production in a
manufacturing firm. They may consist of basic raw material.
For e.g. gray, chemicals, lignite, colours. Inventory of raw material can be
beneficial to the Co. in the situation of rising price.
• Work-in-process:-

This includes those materials which have been committed to production

process but have not yet been completed.
• Finished goods:-
These are completed products awaiting sale. They are the final output of the
production process in the manufacturing firm.
For e.g. company holds dyed and printed clothes for delivering the orders at a
given time.
Inventory of finished goods can be beneficial to the Co. in the situation of
rising price.
• Supplies:-
A supply is called consumable. These materials are of low value and they do
not enter the production process.
For e.g. oil, fuel, soaps etc.
• Scrap:-
The waste of materials arising during manufacturing process is also a part of
inventory. Co. holds designed plates which are out of fashion, burnt lignite.
SELECTIVE INVENTORY CONTROL:-
As its name implies, selective control means that there are

variations in the method of inventory from item to item and its differentiation
should be on a selective basis. Very broadly, selective control can be divided into
two types. They are described below:
Classification Criteria
1. A-B-C: Annual value of

Always Better Control consumption of the items

concerned.
(It has nothing to do with
the unit value of the item.)
2. V-E-D: By the critical nature of the
Vital, Essential and component or material
Desirable with respect to production.
CLASSIFICATION OF INVENTORIES ACCORDING TO ABC

ANALYSIS AND VED ANALYSIS:-
ABC ANALYSIS:-
When applied to inventories, this concept is called the “ABC”
classification. Any inventory can be separated into three distinct parts:-
• “A” Items:-
Few items whose annual consumption value accounts for 75-80%
of the total value of the consumption. These will usually be from 15-20% of
the items.
• “B” items:-

A larger number in the middle of the list, usually about 30-45% of

the items, whose total consumption accounts for about 15% of the total.
• “C” items:-
The bulk of items usually about 40-50%, whose total consumption
is almost negligible and accounts for only 5-10% of the total.
VED ANALYSIS:-
According to VED analysis it is classified in following ways:
V - VITAL ITEM
E - ESSENTIAL ITEM
D - DESIRABLE ITEM
• Vital item: -
These are those items without which production will instantly stop. It is
obvious that all the raw materials are vital item. In AAISWARYA MILLS such
vital items are lignite, colour and chemical.
• Essential Item: -
These items are required to maintain efficiency of production. Without
these items it can be possible to carry on with production but cost of the
production may increase or speed can be decrease. In AAISWARYA MILLS
Oils, electricity etc. are essential items, which increase speed and efficiency
in production.
• Desirable items: -

It increases convenience in doing production. They also reduce running

cost of machine in production set up. In AAISWARYA MILLS hand gloves,
burner for welding, small parts etc. are desirable items to carry on with
production.
Classes V items E items D items
A items Constant control Moderate Nil Stocks
and regular follow Stocks
up
B items Moderate Stocks Moderate Very low
Stocks stocks
C items High Stocks Moderate Low stocks
Stocks
MARKETING DEPARTMENT
“Marketing management is the analysis, planning

implementation and control of programmes designed to create, build
and maintain beneficial exchanges and relationships with target
markets for the purpose of achieving organizational objectives.”
The marketing efforts are mainly projected to satisfy the needs and wants
of the target markets. It is more important to judge the weightage to be given,
while fulfilling the set organizational goals, to the customers and society. Surat is
known as textile city of India. There are so many large and small-scale units in
Surat as well as other cities of India. In today’s competitive world, marketing is
the only a tool that brings ahead in competition.
Marketing management is an important functional area of business
management. It is the part of the organization, which facilitates the flow of goods

and services from the producers to the ultimate consumers. It has to build up
appropriate marketing plan or marketing mix product, price, promotion and
distribution place to fulfill the set goals for business. It has to formulate sound
marketing policies and programmes. It looks after their implementation and
control.
The textile mills of Surat do not employ any specific marketing strategy as
such. They depend more or less on the orthodox ways in this regard. Satisfying
the demands of market is the main task.
Definition:-
“Marketing is a societal process by which individuals and groups obtain
what they need and want through creating, offering and freely exchanging
product and services of value with others”
The aim of marketing is to know and understand the customer so well that
the product or services fits him and sales it self.
DEPARTMENTAL STRUCTURE
C.E.O. (Marketing)
Executive Manager
General staff (Marketing)

MARKETING AT A GLANCE:-
AAISWARYA MILLS is one of the newly established manufacturers of Synthetic

Sarees and Dress Materials in the country. The company handles both industrial
and consumer marketing practices.
The industrial marketing is confined to the local market only while consumer
marketing covers the whole geographical region of nation.
PHILOSOPHY OF MARKETING:-
As the company concentrates on the quality rather than the quantity and
customer satisfaction and company holds the product concept.
OBJECTIVE OF MARKETING:-
The objective of the company is to create brand image by offering sterling
products and hype. Maintaining the market is sub-goal for the slump period
prevailing in the textile industry at present.
MARKET SEGMENTATION:-
Market segmentation is subdividing or segmenting the market in which
each segment can be a group of people with similar or homogeneous demand
and the enterprise can offer trailer made marketing mix for each market segment
or subdivision.
The Market segmentation of mill is as follows: -

• AGE:-
Different people have different taste and preference. Teen-agers and sprigs
choose the fashionable and stylist clothes. While the married women, whether
housewife or official has to permanent dainty for sarees are mostly Punjabi

dresses. So it can be said that the chief segment of the company comprises the
women aged twentieth and onwards for sarees.
• INCOME:-
Marketing is pertaining to income of the consumer. This segment consists of the
upper middle income-earning people.
• GEOGRAPHICAL:-
According to geographical segmentation, the market is divided into zones viz.,
south, west and east in Gujarat.
COMPARISON OF 4 P’S OF ORGANIZATION:
The 4P’s that play an important role in deciding the progress of an

organization are PRODUCT, PRICE, PLACE AND PROMOTION.
 PRODUCT :
Aaiswarya Art Prints is providing a superior quality of product as and when

compared to its competitors. It uses best quality of chemicals and dyes without
any sort of compromise. The designing department located in the organization
itself helps in designing such exclusive designs that customers can’t resist and
places the order in no time. Thus it helps in increasing the demand of the product
when compared to its competitor’s products.
 PRICE :

Aaiswarya Art Prints from the very beginning has installed a huge
capacity plant for the purpose of higher production. As a result of higher
production the fixed overhead expenses decreases and as result it is able to
provide more competitive price when compared to its competitors. It is also able
to give the competitive price because it keeps less profit margin in sales when
compare to its competitors. Here individuals are appointed at various steps of
process that studies the cost of the process regularly and hence helps in
improving the costing of the product resulting into fewer prices.
 PLACE :
Aaiswarya Art Prints is located at the most feasible area of Kadodara that
is considered to be the city of dyeing and printing mills. It is located at the main
road of Kadodara making easy for the people to easily reach over there. The
area where it is situated provides better proximity to market hence making it
easier for the textile customers to reach organization easily. Whereas its
competitors are situated in the interiors of Kadodara. As it is situated near to the
main textile market it becomes very easier to transport the goods in the market or
from the market to the production unit.
 PROMOTION :
Aaiswarya Mills has very well engaged itself in the promotional activities.
The promotional activities include regular customer meets. Master, the head of
marketing department remain in constant touch with its premium customers and
always send them the sample of the new designs developed by him in the
department in order to receive the proper feed back from them. Management
also remains touch with its clients and keeps on improving the relationship with
them.

CHANNEL OF DISTRIBUTION:-
Channel of distribution indicates routes or pathways through which goods
and services flow or move from producers to ultimate consumers.
There is no formal distribution in AAISWARYA MILLS. The distribution is
mostly done by the employees of mill. The channel of distribution of AAISWARYA
MILLS can be easily understood from the chart depicted below:
SUPPLIER MARKET MILLS MARKET CONSUMER
SALES PROMOTION:-
Sales promotion is referred to the promotional activities other than
personal salesmanship, advertising and publicity, which stimulate consumer
purchasing and dealer effectiveness such as displays, exhibitions,

demonstrations, contest and various other non-recurrent selling effort not in the
ordinary routine.
The difference between sales promotion and advertisement is that
advertising offers the reason to buy while sales promotion offers an impulse to
buy.
COMPETITORS:-
Today competition is not only rife but growing more intense every year.
Market have become so competitive, understanding customer is no longer
enough. Companies are paying in attention to every step taken by their
competitors. Successful companies design and operate system for gathering
continuous intelligent about competitors. A company is more likely to hurt by
emerging competitor or new technology than by current competitor. In industry
language competition means a group of firm that offers a product or class of
product, i.e.close substitute for one another.
AAISWARYA MILLS classify competitor according to degree of product

differentiation’s cost structure. There are hundreds of competitors of
AAISWARYA MILLS. The names of competitors are very hard to declare,
however some main and important competitors are as follows.
 Garden silk mills ltd.
 Sai jyoti silk mills ltd.
 Suhag mills
 Surya mills
 Sachin textile ltd
 Sunrise silk mills pvt ltd.

PACKAGING AND LABELING:-
“We define packaging as all the activities of designing and producing the
container for a product.”
Packaging of the product should be in a good manner. Because packaging

falls first impression on the customer. So, if your first impression falls bed than
they will not going to order for printing or dyeing. Because “first impression is last
impression.”
AAISWARYA MILLS does not have any particular method for packaging
for sarees or dresses but they pack it to protect from rain or dust by plastic bags.
After packaging they label the products.
MARKET RESEARCH:-
Market research is the systematic and intelligent investigation or study of
the “who, what, where, when, why and how of actual and potential buyers”.
No market research team or separate department is seen in the mills.
However the distributors carry out the market research to some extent.

CONCLUSIONS
After completing our project we want to conclude that while making

this project we gained immense practical knowledge about the working of
processing industry. The opportunity, which we got from B.M.E.F College
Of Business Administration, was a golden chance to gain as much
knowledge from this industry.
We are very much thankful to mr.Jignesh and mr Nandu who help us
in providing training in all the fields .we learnt very new things from making
to finishing of fabric .
We conclude that in order to survive in this competitive world quality
plays a most important part for any company. Thus every company should
try to provide their customers the best quality product at low price.
BIBLIOGRAPHY
1. WEB SITES
 http://texmin.nic.in/ermiudel/texind.htm
 http://www.ibef.org/industry/textiles.aspx
 http://www.indiainbusiness.nic.in/indian- states/gujarat/textileindustry.htm
 http://ic.gujarat.gov.in/DICs/index.htm
2. BOOKS

 Marketing Management by Philip Kotler 11th Edition
 Financial Management by Khan & Jain
 Human resource by Ashwathappa 2nd Edition
3. NOTES
Production Management – Mr. Ojas Desai.


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AAISWARIYA PRINTS DYG. & PTG. MILLS PVT. LTD.

I came to know the application of the management in the industrial

In regard to this training program, I would like to acknowledge my

B. M. College of Business Administration

Introduction of the Textile Industry…

Textile Industry in India…

B. M. College of Business Administration

The company listed here specialize in Embroidered Clothing, High

Textile Industry in Gujarat…

Textile Industry in general has suffered a setback, in specific, in organized

Ahmedabad. Overall economic growth of the State is very much dependent on

In Gujarat, textile industry mainly manufactures cotton-based fabrics in Mill

B. M. College of Business Administration

Textile Industry in Surat…

To achieve the benefits of cluster development, adequate land will have to be

The Textile industry comprises of petro refinery, P.O.Y. units, texturizing

B. M. College of Business Administration

The opportunities of value added textiles is an area of thrust, and needs to

B. M. College of Business Administration

Aaiswarya Prints – a renowned name in Dyeing and Printing planted in

The company is fully managed by its Director Shri Rameshbhai Dumasia

Accounting support is provided by well organized team headed by Mr.

B. M. College of Business Administration

 We are having well trained technical staff in the segment of engineering

Our motto is….

B. M. College of Business Administration

B. M. College of Business Administration

Name of the firm: Aaiswarya Prints Dyg. & PTG Mills

Address: Industrial estate, block no, 69, 72 & 74,

Registered Office: Same as above

Phone No. 98241-20000

Year of establishment 1999

Name of Directors Mr. Ramesh Dumasia

Type of Firm Pvt. Ltd. Co.

Type of job Dyeing and Printing of Grey Cloth

No. of employees 900 per Shift

Competitors Aakar Dyeing and Printing Mills

Suppliers: Colour Tex

Banks: HDFC Bank

B. M. College of Business Administration

B. M. College of Business Administration

DEATAILS OF PROMOTERS AND OWNERS

Production & Marketing :

Human Resource Management :

 Mr. Nandu Bhai

B. M. College of Business Administration

HUMAN RESOURCE MANAGEMENT :

‘The management of man’ is the main aim of the organization. It is

“Managing people is the heart and essence of being a manager.” It is

It is concerned with employees both as individuals as well as group, the

Aaiswarya dyeing & printing mill manages approximately 2700 laborers in

B. M. College of Business Administration

Human Resource Planning :

Human Resource Planning is the first step in the process of staffing. It is

Human Resource Planning is also known as Man Power Planning.

B. M. College of Business Administration

DESIGNATION AND FUNCTIONS:

B. M. College of Business Administration

Recruitment normally means Process of identifying and encouraging

B. M. College of Business Administration

“Selection is a process of picking individuals out of the pool of

B. M. College of Business Administration

JOB DESCRIPTION AND SPECIFICATION OF VARIOUS