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IN
Project Report
SUBMITTED BY
P KARTHICK SUNDAR
MARCH 2019
R L INSTITUTE OF MANAGEMENT STUDIES
(A Unit of Subbalakshmi Lakshmipathy College of Science)
BONAFIDE CERTIFICATE
This is to certify that the training report entitled “A STUDY ON EXPORT
DOCUMENTATION &PROCEDURES IN TRIWAY FORWARDER PVT
LTD, TUTICORIN” is a bonafide record of the project work done by P.
KARTHICK SUNDAR (ROLL NO: 17556) in partial fulfillment of requirements for
the award of Degree of M.B.A. (Master Business Administration)
I certify that the project work carried out by him is an independent work under my
supervision and guidance and this project has not formed the basis for the award of
any Degree / Diploma / Associate ship / Fellowship or similar nature to any Candidate
in any University / Institution earlier.
DIRECTOR PRINCIPAL
Place:
Date:
DECLARATION
has not formed the basis for the award of any Degree/Diploma/Associate
earlier.
I express my deepest sense of gratitude to Mr. S. SEKAR for his guidance and
moral support during the project period, because their keen interest and valuable
suggestions have helped me throughout the project. I express my sincere thanks
to Mercury Manufacturing Co. Ltd. providing me all facilities to carry out my
project work in this Organization.
P KARTHICK SUNDAR
Reg.No: 17556
Table of Content:
Chapter Particulars Page no
1 Introduction
3 Company Profile
5 Methodology
Interpretation
6 Findings
7 Suggestions
8 Conclusion
9 Bibliography
CHAPTER I
INTRODUCTION
INTRODUCTION:
1.1 LOGISTICS
Logistics refers to what happens within one company, including the purchase
and delivery of raw materials, packaging, shipment, and transportation of
goods to distributors, for example. While supply chain management refers to a
larger network of outside organizations that work together to deliver products
to customers, including vendors, transportation providers, call centers,
warehouse providers, and others.
1.2 DEFINITION
This definition clearly points out the inherent nature of logistics and it conveys
that Logistics is concerned with getting products and services where they are
needed whenever they are desired. In trade Logistics has been performed since
the beginning of civilization: it’s hardly new. However, implementing best
practice of logistics has become one of the most exciting and challenging
operational areas of business and public sector management. Logistics is
unique, it never stops! Logistics is happening around the globe 24 hours a day’s
Seven days a week during fifty-two weeks a year. Few areas of business
involve the complexity or span the geography typical of logistics.
Word, ’Logistics’ is derived from French word ‘loger’, which means art of war
pertaining to movement and supply of armies. Basically, a military concept, it
is now commonly applied to marketing management. Fighting a war requires
the setting of an object, and to achieve this objective meticulous planning is
needed so that the troops are properly deployed and the supply line consisting,
interrail, weaponry, food, medical assistance, etc. is maintained. Similarly, the
plan should be each that there is a minimum loss of men and material while, at
the same time, it is capable of being altered if the need arises. As in the case of
fighting a war in the battle-field, the marketing managers also need a suitable
logistics plan that is capable of satisfying the company objective of meeting
profitably the demand of the targeted customers.
From the point of view of management, marketing logistics or physical
distribution has been described as ‘planning, implementing and controlling the
process of physical flows of materials and final products from the point of
origin to the point of use in order to meet customer’s needs at a profit. As a
concept it means the art of managing the flow of raw materials and finished
goods from the source of supply to their users. In other words, primarily it
involves efficient management of goods from the end of product line to the
consumers and in some cases, include the movement of raw materials from the
source of supply to the beginning of the production line. These activities
include transportation, warehousing, inventory control, order processing and
information monitoring. These activities are considered primary to the effective
management of logistics because they either contribute most to the total cost of
logistics or they are essential to effective completion of the logistics task.
1.3 IMPORTANCE OF LOGISTICS IN BUSINESS
The importance of logistics systems lies in the fact that it leads to ultimate
consummation of the sales contract. The buyer is not interested in the promises
of the seller that he can supply goods at competitive price but that he actually
does so. Delivery according to the contract is essential to fulfilling the
commercial and legal requirements. In the event of failure to comply with the
stipulated supply of period, the seller may not only get his sale amount back,
but may also be legally penalized, if the sales contract so specifies. There is no
doubt that better delivery schedule is a good promotional strategy when buyers
are reluctant to invest in warehousing and keeping higher level of inventories.
Similarly, better and/or timely delivery helps in getting repeat orders through
creation of goodwill for the supplier.
1. Terminal Facilities
Terminal facilities are usually grudgingly provided. One reason for this is that
any delay or any in convenience caused to truck operators is not a loss to the
project. It is treated as a loss to the carrier. In some cases, this may be true.
However, this usual incidence of stoppage or regulation of the production
process can be minimized, if not eliminated.
Often extreme stinginess is expressed in planning for these facilities, which
include storage space, and loading and unloading arrangements in a suitable
area. If the storage space is not adequate or if the traffic is exceptionally heavy,
production suffers inevitably. Since transport requirements of each project are
different and depend on its location, physical availability of infrastructure, etc,
it is not advisable to prescribe one uniform scale of terminal facilities. They
must be worked out for an individual project on the basis of its own specific
requirements.
Storage, loading and unloading facilities, good quality roads, which are usable
throughout the whole year, and suitably, designed yard for railway wagons
have to be planned as a part of terminal facilities. It is also essential to pay
special attention to the maintenance of loading and unloading equipment, the
design, location, length, height and other features of loading and unloading
platforms, etc., and the maintenance of circulating area and roads where heavy
vehicles ply.
The overall savings in transport rates would more than justify the expenditure
incurred on the provision of additional facilities. This costs not been recognized
by the planners of individual projects.
For rail movement, not only sufficient number of loading lines, but also
sufficient number of marshalling, examination and holding lines must be
planned for. These lines must be suitably connected with one another to ensure
smooth shunting operations. The configuration of lines (yard designs) is more
important than the number of lines in the yard, for the requirements of prime
mover (shunting engines) can also be cut down by a suitable design of yard.
2. Vehicles
The motive power utilized for the internal handling of vehicles and
transportation to destinations is another important component of the total
movement system. In the case of rail movement, locomotives required for the
shunting and marshalling of wagons within the plant must be of such weight,
horsepower and performance characteristics as will match the specific tasks of
shunting and reception and dispatch of wagons. In case of road movement,
suitable design and layout of conveyors and mechanical loaders can reduce the
drudgery of manual labour and make pre-despatch and post-receipt handling
operations more efficient.
5. Transit Time
6. Weigh Bridge
8. Nature of Product
“Dream is not what you see in sleep, dream is something which does not let you
sleep,” stated former President late Dr. A.P.J. Abdul Kalam, often referred to as
‘Missile Man of India’ and inarguably the most popular people’s President. This
profound quote’s significance comes to the fore whenever we come across
successful people in their own fields, be it sports, arts, medicine or technology;
and for sure, entrepreneurs in the MSME segment contributing significantly to
the economic growth should be one amongst this special class of citizens. It was
indeed a unique and inspirational experience for us at MOTORINDIA to
interact with one such first generation trailblazing entrepreneur in the
competitive logistics segment – his group firms clocking Rs. 156 crores
turnover in FY18 and implementing plans to quadruple this by the year 2021.
The company is Triway Group, Chennai and headed by Mr. N. Ravishankar,
Chairman & Managing Director, who started his career as an entry level white-
collar employee in a Customs broking firm. However, he dared to dream big
and today he heads the group comprising 5 companies and employing 800
people. Read on for the interesting tête-à-tête.
Troubleshooting days helped me to crack the set procedures in the field. I recall here
two such cases. For textiles export, the fabric samples were tested at Customs dept in-
house lab which invariably took about a month to furnish the final report. To hasten
the procedure, BGs were obtained which involved cash outflows. During that time,
textile committee at Chennai had installed sophisticated testing equipment in its lab to
facilitate quality checks of exports; and they were not having enough customers
availing the opportunity. I sensed the opportunity here and enabled Customs coming
under MOF to linkup with textile committee’s lab coming under MOT in testing
samples; and by co-ordinating all the agencies, cut down time drastically to get the
report within 3 days from the date of sample submission. This approach was notified
subsequently as the procedure by Customs dept and replicated later at other locations
to benefit all.”
Looking at the avenues for growth, Mr. Ravishankar mentions: “Our USPs are
expertise on the job, trained expert manpower and strong financial background. To
give better and cost-effective service, we set up CFS (Container Freight Station) and
transport division. Currently we have 5 companies under the group. Triway
Forwarders Pvt. Ltd., Triway Global forwarding Pvt. Ltd., Triway Container Freight
station Pvt. Ltd., Waymark Logistics (India) Pvt. Ltd., and Route Logistics India Pvt.
Ltd. While Triway and Waymark companies are focusing on CHA & CFS, Route
Logistics focuses on transportation and related operations. Exports account for 60% of
the business, essentially on textiles segment and 40% on imports, most of which are
also connected with exports business. 80% of the imports are in textiles field while
20% account for the balance like metal scrap, food products, pharmaceuticals, project
cargo and chemicals.”
Route Logistics has about 130 trucks in their fleet; and the CFS located in north
Chennai at about 19 km from Chennai port is the largest in the area. It is located on a
30 acre land, has a warehouse floor area of 2.5 lakh sq. ft. and open yard for 3000
container ground capacity. They have their own equipment for CFS operations, viz., 5
nos. rail mounted gantry cranes, 3 nos. reach stackers and 40 different materials
handling equipment like forklift, cranes and roll catcher. The services offered include
imports & exports of LCL & FCL cargo, bonded storage, A/C storage, container
repair and general support. The vehicles fleet comprises trucks and tractor trailers
ranging from sub 3 ton to 49 ton GVW ratings. In the range up to 16 ton GVW they
have Tata trucks, 25 ton to 40 ton GVW both integral chassis and tractor trailers of
Ashok Leyland and 49 ton GVW, MAN tractor trailers. Overall they have 90 tractor
trailers and plan to procure about 15 more 49 ton tractor trailers for their expansion
plans. About 120 drivers are under their direct employment and provided with all
facilities and statutory benefits. They have their own workshop at the CFS to attend
miscellaneous service works and have tie-ups with third party service providers with
workshop at strategic locations to attend en route problems in vehicles.
THRUST ON DISTRIBUTION MANAGEMENT
Mr. Ravishankar opts to invest in equipment and vehicles as he opines the risk reward
is better than in the asset light model. GST has not made any significant impact on his
operations and opines if the time wastage at the toll plazas are minimised, the transit
times can be shortened. Logistics costs in port related operations stand at 12.5% and
sees no possibility of reduction in the absence of a tariff authority. Once the logistics
wing is established by the Govt and different charges like payments to steamer agent,
CHA, CFS, port and transportation are fixed, the logistics costs can be brought down
to 6 to 8%, he adds.
Triway’s impressive run in the domain has been achieved by identifying new business
opportunities where none existed, focusing on operations to excel and offering
innovative and cost-effective solutions. In continuation of their success formula,
transportation and distribution are on their radar for expansions and the company will
be going all out in the next couple of months to start addressing the customer needs.
Mr. Ravishankar now has the new dream to achieve the revenue target of Rs. 500
crores in 3 years; and this could be readily discerned by noting the effusive passion
and intense energy exhibited during the interaction – and yes, Dr. A.P.J. Kalam was
spot on about the dream interpretation in his memorable quote.
TRIWAY FORWARDER PVT LTD
Triway Global Forwarding Private Limited's Annual General Meeting (AGM) was
last held on 29 September 2018 and as per records from Ministry of Corporate Affairs
(MCA), its balance sheet was last filed on 31 March 2018.
Business Activities
PROJECT IMPORT
DEPB SCHEME
Cargo Handled
LEATHER GARMENTS
We maintain an on-site customs station. This makes the legal aspects of import and
export much easier and faster for you. Your goods are secured and stored under
customs control at our customs bonded warehouse. Triway Container Freight Station
offers you everything you need in a "one-stop" service. Security, on-site customs,
convenient location, world-class service and our many years of experience all
combine into one facility that will serve you to your utmost satisfaction.
Our CFS is fully equipped to handle reefer container, ODC container and scrap
containers. We provide separate space for De-Stuffing / Stuffing of HMS scrap.
Import FCL
Import LCL
The container moved by our own bonded truck from port to CFS. The same
will be off-loaded using re-stacker or Rail mounted Gantry or through Top lift
trucks.
We are having the best equipment in our CFS and we are giving full service to
the customers.
The container moved by our own bonded truck to the CFS and the same will
De-stuffed by our team with support of Labor force and Equipment’s. We are
also best in off-loading the cargo from container.
Bonded Warehouse
65,000 Sq. Ft warehouse is under construction and its nearing. We will ahead
in providing best facility and service to the trade.
Stuffing as per buyer’s norm and will be handled by our experienced staffs.
EQUIPMENTS
There are sufficient number of modern handling equipment, which are all in
Operational condition and proper maintenance. Equipment has been taken care at
regular intervals.
13 Nos. Forklift
1 No Forklift 35 Tonne’s
Our facility will take care of CHA through humanitarian grounds, hospitality and we
give our whole potential service to all customers at any point of time.
OTHER COMPANIES IN TRIWAY
WAYMARK LOGISTICS:
Waymark Logistics India Pvt. Ltd. is a Customs Broking and Forwarding agency with
total cargo management, headquartered in Chennai, promoted by professionals who
have vast experience in this business and possess an excellent track record on all
operational aspects of international cargo movement. Waymark Logistics India Pvt.
Ltd is strategically located very near the Port of Chennai and functions from a
spacious office admeasuring 7500 sq. ft. with a layout and ambience matching
international standards.
Waymark Logistics India Private Limited commenced operations in 1994 and has
developed a wide integrated network of Sea Freight, Air Freight and Rail / Road
Transportation facilities for our valued customers. This has been achieved by the
company through separate operational centre and clear defined accountability.
Smooth relationship with Customs and Port authorities, steamer agents and IAAI
Warehousing
Our experienced staff can fulfil all of your warehousing and inventory management
needs. Below is a partial list of the services available. If you have a special
requirement, please contact us so we can provide a customized solution for your
company.
Chapter IV
PROFILE OF THE STUDY
1.5 IMPORT AND EXPORT
Import:
When domestic companies buy goods abroad and bring them to domestic sales,
imports will occur. The common reason for importing goods is to meet the
demand for goods which cannot be produced domestically at affordable prices.
The first scenario is when domestic technology knows how or when resources
are outdated or expensive.
The second scenario is the inability to produce products or services
domestically, owing to lack of skills, resources or technology. The level of
imports depends directly on the exchange rate of the local currency. If the local
currency is strong-it means you are buying more foreign currency, while at the
same time you are increasing the level of imported goods and imports.
If your local currency is weaker, the import level is reduced.
Export:
Export occurs when a domestic company sells its products or services abroad. There
are several reasons why companies decide to export their output. First, they may want
to get into the new geographic market and expand and internationalize. Second, in
terms of exports, companies are likely to meet the needs of those who live abroad
because their products or services do not have domestic demand.
Exports are also a good way to reduce oversupply and thereby increase productivity.
The export level is closely related to the local currency exchange rate. If it is weak-
this means that people with strong foreign currency can buy more domestic money
while your domestic goods are then exported at an increased level.
If the local currency is strong, the export level will decline anyway: Both export and
import are the main activities of national trade. If exports increase imports than we
have a trade surplus, if on the contrary, we have a deficit.
Export and Import Procedure in India
India ranks 19th in terms of overall export of merchandize and 12th in terms of overall
import of merchandize when compared to other countries. With more trade
liberalization deals to be signed by the pro-business Indian Government, there is
plenty of opportunity for establishing a successful import or export business. To
undertake an import or export business, the Entrepreneur must have a strong
understanding of all documentation pertaining to import or export transactions. In this
article, we cover basic export procedure and import procedure in India along with the
necessary documentation.
01
Inspection 25% & More Rs.2,000/- Rs.3,500/-
01
Additional PNR Transportation Charges Rs.1000/- Rs.2000/-
ADDITIONAL HANDLING CHARGES (INDITAL)
01
4 TO 10 M.T Rs.5000 /-
02
10 to 15 M.T Rs.7500/-
03
15 M.T ABOVE Rs.12500/-
STORAGE CHARGES
Sl.No. Particulars 20' 40'
1
1st 3 Days Free Free
2
4th to 12th Days Rs.450/- Per Day Rs.900/- Per Day
3
13th to 30th Days Rs.1100/- Per Day Rs.2200/- Per Day
4
31st to 60th Days Rs.1800/- Per Day Rs.3600/- Per Day
5
61st to 90th Days Rs.2500/- Per Day Rs.5000/- Per Days
6
91 onwards Rs.5000/- Per Day Rs.7500/- Per Days
1
45” Feet Storage/Handling 25% extra charges
4
Storage of ODC, Flat rack & Open Top container will be charged by “Double”.
5
Fuel Surcharge Rs.450/- Rs.700/-
6
Power Surcharge Rs.300/- per Teus
7
Weighment Charges Rs.150/- Per Container
9
Documentation charges Rs.90/-per Doc
10
Escort charges Rs.2000/- per Container
11
One time seal Rs.50/-
13
Inter Carting Charges 1,500/- Rs.2,500/-
14
Customs Scaning & Halting Charges Rs.1,000/- Rs.1,500/-
15
SSR Charges Rs.1,085/- Rs.1,630/-
16
RFID Charges Rs.100/- Rs.200/-
17
Empty Container Storage Charges Rs.50/- Rs.100/-
18
Equalization Charges Rs.750/- Per Tues
Lift Off/Lift on Charges (per move)
1
Laden Containers Rs. 1,250/- Rs.1,750/-
2
Empty Containers Rs.450/- Rs.600/-
TRANSPORT (ODC)
Sl.No. Particulars 20' 40'
1
SEMI LOW BED UP TO 5 FEET Rs.21,000/- Rs.25,000/-
2
LOW BED ABOVE 5 FEET Rs.25,000/- Rs.32,000/-
Rs.550/- Per Grid Per Week Rs.700/- Per Grid Per Week
Cargo storage
Minimum one week Minimum one week
At the time of loading: Any heavy equipment like Initial / Escort will be
the Additional Equipment charges will be applicable as per below rates:
3 to 5 MT Rs.4,000/-
5 to 8 MT Rs.6,000/-
8 to 12 MT Rs.10,000/-
12 MT and above Rs.15,000/-
Note: ** If Container moved on priority basis, SSR Charges Rs.50 per CBM will
be applicable
EXPORT FCL TARIFF:
Stuffing Charges
Rs.2,500 Rs.3,400
01 a) On the Trailer Manual
Rs.3,200 Rs.4,800
b) On the Trailor Mechanical (Crane if any will be
extra)
Rs.4000
Granite (unloading, stacking, stuffing)
Free
Storage 1 to 7 days
04
Rs.150/per
8th to 15th day day
05 Rs.400/- Rs.600/-
On Wheel Inspection / Seal Verification
Note:
Additional Charges
Power surcharge: Rs.150/Teu
Fuel surcharge: Rs.250/Teu
Weighment: Rs.150/Teu
Additional Equipment Charges (1 piece cargo if heavy weight: (if used Initial for
stuffing or De-stuffing)
From 4 MT to 10 MT - Rs.4,000/-
from 10 MT to 15 MT - Rs.6,000/-
Above 15 MT - Rs.10,000/-
Transportation Charges
Rs.8,000/- per TEU
Rs.11,000/- per FEU
01
MANAUAL STUFFING: (INCULSIVE OF Rs.10,000/- Rs.13,750/-
HANDLING)
Upto 23 MT
Less 23 MT.
04
Lift on & Lift off per operation Rs.250/- Rs.300/-
(I)Cargo Storage
7 Days Free
(II) In case cha paid the boat note on very
second day from the
05 Thereafter Rs.100/-1 CBM/
1MT/ Per
cargo reached cfs (Remaining difference free
days convert to
day Whichever is higher
console)
06
GST As Applicable
ICD CARGO MOVEMENTS
Chapter V
METHODOLOGY
DATA INTERPRETATION & ANALYSIS
Describe comparative analysis as comparison analysis. Use comparison analysis to
measure the financial relationships between variables over two or more reporting periods.
Businesses use comparative analysis as a way to identify their competitive positions and
operating results over a defined period. Larger organizations may often comprise the
resources to perform financial comparative analysis monthly or quarterly, but it is
recommended to perform an annual financial comparison analysis at a minimum.
1.EXPORT
TYPE OF No of No of No of bills No of No of
SL. O OPERATION bills in bills in in bills in bills in
2014 2015 2016 2017 2018
1
EXPORT 7600 7400 8000 9000 8200
No of bills in
10000
8000
6000
No of bills in
4000
2000
0
2014 2015 2016 2017 2018
ANALYSIS AND INTERPRITATION
The above table shows the comparative analysis between the year of imports
operations in Triway forwarders limited. The comparative analysis has analysed and gets
result the imports value greater in 2016 while comparing with other years.
3.TRANSPORTATION
TYPE OF No of No of No of bills No of No of
SL. O OPERATION bills in bills in in bills in bills in
2014 2015 2016 2017 2018
Full container
3 load 780 820 904 844 900
NUMBER OF BILLS
920
900
880
860
840
820
800 NUMBER OF BILLS
780
760
740
720
700
2014 2015 2016 2017 2018
ANALYSIS AND INTERPRITATION
The above table shows the comparative analysis between the year of Full container
load operations in Triway forwarders limited. The comparative analysis has analysed and gets
result the Full container load value greater in 2016 while comparing with other years.
TYPE OF No of No of No of bills No of No of
SL. O OPERATION bills in bills in in bills in bills in
2014 2015 2016 2017 2018
Less container
4 load 664 592 440 556 460
No of bills
700
600
500
400
No of bills
300
200
100
0
2014 2015 2016 2017 2018
Chapter VI
FINDINGS
FINDINGS:
They have a good communication with their customers.