ORGANISATION STUDY REPORT ON

TULSYAN NEC LTD

Submitted in partial fulfillment of the requirement of Master of Master of Business

Administration Programme Offered by JAIN (Deemed-to-be University) During the year
2019-2020

By

AKANKSHA RAGHAV

Reg no:19MBAR0059

Under the guidance of

Dr. BIDHI KASHYAP

Associate Professor,

CMS Business School

N0.17,Sheshadri Road,Gandhi Nagar, Bengaluru-560009,India

Tel:+918046840400

E-mail:bschool@cms.ac.in

Website:bschool.cms.ac.in

January 2020
 DECLARATION

I hereby, declare and state that organization study conducted at “TULSYAN NEC LTD” was
done by me during the academic year 2019-2021. Under the guidance and supervision of Dr.
Bidhi Kashyap.

This report is not based on any previously submitted project for the award of any degree offered
by any university. It is the result of my own effort .

Name: Akanksha Raghav

Semester:2nd SEM

Reg no. 19MBAR0059

DATE:

Signature

PLACE: Bangalore
 ACKNOWLEDGEMENT

I take this opportunity to express genuine gratitude to Dr. DINESH NILKANT, Dean CMS
Business School and Dr. HAROLD PATRICK, Dean Academics, CMS Business school for the
valuable guidance , support and co-operation rendered throughout the study.

I express a deep sense of gratitude to my guide Dr. Bidhi Kashyap , Associate Professor, for her
precious guidance and encouragement and for being a source of inspiration throughout the
course of this study.

I express my sincere heartfelt gratitude to Mr. PRAKASH.N Senior Marketing Manager for
providing an opportunity to take up this project, and for the valuable guidance throughout this
project.

Name: Akanksha Raghav

Reg no:19MBAR0059
 CONTENTS

Chapter 1 INTRODUCTION 1-2

OBJECTIVES OF THE STUDY

Chapter 2 OVERVIEW OF THE COMPANY

2.1.Industry profile
2.2.Company profile
2.3.Vision of the company
2.4.Mission of the company 3-20
2.5.Objective
2.6.Product profile
2.7.Organizational chart
2.8 Board of directors
2.9 Awards and achievements

Chapter 3 FUNCTIONAL AREAS

3.1.Production Department
3.2 Purchase Department
3.3 Quality Department
3.4 Finance Department 21-75
3.5 Marketing Department
3.6 Human Resource Department

Chapter 4 SWOT ANALYSIS 76-78

Chapter 5 FINDINGS 78-79

Chapter 6 OVERALL CONCLUSION 80-81

Chapter 7 CONCLUSION 82-84

ANNEXURE 85-87
Chapter 8
BIBLIOGRAPHY 87-89
Chapter 9
Chapter-1

INTRODUCTION

1.1 INTRODUCTION TO THE STUDY

The main purpose of this internship was to know how the theoretical aspects we study during our
course, are put into practice by the company.

The objective of undergoing this internship was to get practical exposure to the structure and
functioning of the organization. It was also meant to study the activities of various departments
such as finance, marketing, production, human resource, purchase, store and service etc.

The report traces the growth and development of the company and gives a skeletal outline about
the technologies adopted by the company; the report also explains the values and gives a brief
about the financial aspects of TULSYAN NEC LTD.

OBJECTIVES OF THE STUDY

1) The objectives of the study are to learn & understand the working of various functional
departments like Production, Marketing, Finance and Human Resource.
2) Outline and study the growth and working of the company from its inception.
3) SWOT ANALYSIS to identify the major strengths & weaknesses of the company for
improvement.
4) Study the performance of Tulsyan Nec Ltd.

2.1: INDUSTRY PROFILE

Polymers are a large class of materials consisting of many small molecules (called monomers)
that can be linked together to form long chains, thus they are known as macromolecules A typical
polymer may include tens of thousands of monomers. Because of their large size, polymers are
classified as macromolecules.

In the late 1830s, Charles Goodyear succeeded in producing a useful form of natural rubber
through a process known as "vulcanization." Some 40 years later, Celluloid (a hard plastic
formed from nitrocellulose) was successfully commercialized. Despite these advances, progress
in polymer science was slow until the 1930s, when materials such as vinyl, neoprene,
polystyrene, and nylon were developed. The introduction of these revolutionary materials began
an explosion in polymer research that is still going on today.

Unmatched in the diversity of their properties, polymers such as cotton, wool, rubber,
Teflon(tm), and all plastics are used in nearly every industry. Natural and synthetic polymers can
be produced with a wide range of stiffness, strength, heat resistance, density, and even price.
With continued research into the science and applications of polymers, they are playing an ever
increasing role in society.

DISCRIPTION

Polypropylene is lightweight thermoplastic polymer that provides raw material for

manufacturing various textiles, containers, equipments, and components and is used in various
industrial applications also. In other words, it is a kind of thermoplastic resin that is hard and
tough and also can be converted into fibers and moulded articles.

Polypropylene is made from the polymerization of pure propylene gas at low temperature and
pressure. This polymer is known for its unique features such as anti rusting, good insulator, low
density, highly crystalline, high resistance to fatigue and a high melting point. It is also known as
a saturated polymer.

Polypropylene is a type of plastic polymer that is mainly used in packaging and moulded articles.
The polymer was discovered much after polyethylene but even though; it gained much
importance and rose up to the level in context of popularity. Since it has been discovered, until
now, it has made its mark into the daily routine activities of the masses.

The major uses in which polypropylene is required are flexible packaging, rigid packaging,
automotive parts, consumer products, fiber products and other industrial applications.

Polypropylene is produced by polymerizing propylene gas or propylene monomers in the

presence of a catalyst. In the year 2004, United States of America is the largest producer of the
polymer with a total production of around 8.4 million metric tons. The major companies
indulged in the production include Exxon Mobil and Shell. Consumption of polypropylene is
dominated by Asian continent with a share of around 40% in the total consumption figures of
around 32.9 billions tons. Country wise, United States of America stands at top in the list of
major polypropylene consumer countries. The following is the list relating to the major plastic
consuming countries of the world

 United States of America

 Germany

 Japan

 Singapore

 Canada

 Malaysia

 Thailand

 Indonesia

 Vietnam

 China

 India

 Pakistan

The world market is growing at an average of 3% per year. The world trade in polypropylene has
a same pattern as in the case of polyethylene. The major exporters of this polymer lie in the
Southern Asian and the Middle Eastern area and South Korea is one of the dominant players in
the world market. The other exporters include USA and the countries in the western European
region.

In woven sacks industry production takes places from using HDPE (hydro polyethylene) and
PP(propylene)of plastic contents the cost incurred in producing both the raw materials are more
or less same but most of the companies are producing pp raw materials for its production purpose
because its abundance availability in the market and number of suppliers are more.
In India woven sacks industries are providing employment opportunities over 1 million people.
However the industry is growing tremendously due to quality packaging capabilities this industry
approximately contribute to GDP of the nation around 0.12%.

2.2: COMPANY PROFILE

Tulsyan NEC Ltd is one of India's leading manufacturers of Thermo Mechanically Treated

(TMT) Bars. The company is engaged in the Manufacturing TMT bars, Synthetics Woven

Fabrics and Sacks. They have their manufacturing plant at Chennai (Ambatuur &

Gummudipoondi) and Bangalore (Dodabalapur). Their products include TMT Bars, sponge,

billets and ingots in the steel division and in synthetic division it includes PP Woven Sacks,

FIBC and Woven Fabric. The company is an ISO 9001-2000 Certified Company. The Company

is the Flagship Company of the Tulsyan Group. The company is into manufacturing of Thermo

Mechanically Treated Bars. It is the first Licensed Rolling Mill in South India to produce TMT

Bars and obtain ISI 1786 and ISO certification. Tulsyan Steel is registered with the Bureau of

Indian Standards and each TMT Bar is accompanied by a BIS Test Certificate. Tulsyan NEC Ltd

was incorporated on April 11, 1947 as National Engineering Company Ltd in Kapurthala,

Punjab. In July 7, 1947, the company received the certificate of commencement of business. The

company was established to manufacture CTD bars, MS Rounds and other finished steel

products. In the year 1965, the re- rolling facilities at Kolkata was relocated to Chennai. In the

year 1986, the company was taken over by Tulsyan Group. In the year 1994, the company

established additional facility of 36000 MTPA to manufacture MS Ingots. In July 1994, the

company entered the capital market with their maiden public issue and their equity shares we-

re listed on the BSE. In the year 1996, the company received an award from the Government of

Karnataka for export performance. In June 1996, Tulsyan Synthetics Ltd was amalgamated with
the company. In August 1996, the name of the company was changed from National Engineering

Company Ltd to Tulsyan NEC Ltd. In the year 2004, the company installed furnace having Billet

manufacturing capacity of 72000 MTPA at Gummudipoondi. In the year 2005, they set up wind

mill at Devarkulam. In the year 2007, the company installed Rolling Mill at Gummudipoondi

having capacity of 150000 MTPA. In the year 2008, the company signed an MoU with Power

Trading Corporation and Suhaly Abdul Mohsin Al- Shouibi & Sons holding Co Ltd. In August

2008, they entered into an MOU with Budhrani Group of Companies for setting up a joint

venture company. In the year 2009, the company increased the Billet manufacturing capacity by

72000 MTPA at Gummudipoondi. During the year 2009-10, the company completed the

expansion by increasing the Rolling Mill capacity by 150000 MTPA at Gummudipoondi. Also,

they acquired Chitrakoot Steel & Power Pvt Ltd with sponge iron manufacturing capacity of

36000 MT per annum. The company's shares were permitted to trade on National Stock

Exchange of India Ltd with effect from November 05, 2009.

Tulsyan NEC ltd is a leading supplier of Pp FIBC, Jumbo Bags, and Woven Sacks. The
Organization is proud to be esteemed supplier of many customers around the world with the
primary goal to meet their clients requirement and establish mutually pleasant business
relationships with them. The sacks are used to pack cement, food grains, sugar, seeds, branded
products, pulses, chemicals, resins etc. offer circular or flat fabric to be converted to sacks or
bags at customer's end or to use as over wrap for textile packing, upholstery, for carpet backing,
baling and tarpaulins. The sacks, bags, fabrics can be supplied in any color, with printing of logo
or packed products specifications.

The Synthetics/Plastic division has recorded steady growth over the years. The Company
entered the export market during 1993-94 with an export turnover of Rs.2.41 lakhs during the
first year, exports has steadily grown since then. The Company got an export award from the
Government of Karnataka for its export performance for the year 1995-96.

In course of time the company has extended its product range to include manufacture of Flexible
Intermediate Bulk Containers (FIBC) and Wide Width Woven Fabric (WWWF)
2.3: VISION STATEMENT

To be a global leader in Synthetic fabrics and delight the customer by creating products that offer
unmatched superiority.

2.4: MISSION STATEMENT

Our mission is to become a benchmark organization in packaging industry. For this we are
constantly striving to develop our organization, enhance professional skills and upgrade
infrastructure system so as to be highly successful in the competitive environment of the new
millennium.

2.5: Objectives of the Company

The objectives of the TULSYAN Company are as follows

 Profit Maximization
 Minimization of Waste
 70%-80% Employment opportunity
 Employee Welfare
 Creating social Responsibility
 Learning and development
 Family focus
 Hygienic factors

2.6: Products PROFILE

» Cement Bag
» Fertilizer Bag
» HDPE Sacks
» HDPE Woven Sacks
» HDPE and PP Woven Sacks
» Jumbo Bags
» Packaging Sacks
» Polypropylene Woven Sack
» Sandbags
» Woven Bags
» Woven Sacks
» Woven Sacks Bags

TULSYAN Company is producing wide variety of products to fulfill the requirements of the
different customers.

HDPE and PP Woven sacks are now firmly established as a preferred means of bulk packaging
manually handled materials for storage and transport. Except where restricted by Government
legislation, user preference for woven sacks has been almost total. Of the alternate sack
materials available, jute output is limited by a stagnant jute cultivation level as well as by
steadily increasing prices. Paper sacks have also been limited by the growing pressure against
tree-felling for pulp. It is therefore, inevitable that the woven sacks market will grow steadily as
Indian industry expands.

FIBCs are more recent innovation on the international scene. The rising cost of manual handling
in developed countries has forced them to adopt more of automated techniques for bulk product
handling.

In the case of bulk commodities with large volume handling requirements, tank cars for road or
rail transport, bulk carriers for marine transport and silos and conveying systems for storage are
well established. Economics of scale play an important part in cost control. However at points
of distribution of such commodities or where the commodity volumes are not so large and
intermediate bulk handling system is required. This requires the availability of a safe,
convenient and cost effective container for storage and handling. The FIBC has proved to be the
most effective container to meet these needs.

FIBCs have been standardized in size ranges from 200 kg to 4 tones depending on bulk density
and modes of transport and handling. Loss protection and safety aspects have a major bearing on
the FIBC design as do the lifting, transport, loading and unloading methods. Further the
commodity properties have a bearing on the container stability which also needs to be taken care
of by proper design. The FIBC has, therefore, a much higher level of design engineering input
when compared to the conventional small woven sack, even though both use similar types of
fabric.

Besides stronger and more reliable fabric quality the FIBC calls for properly designed lifting
straps, a body configuration with reinforcements to ensure stability during storage and handling
and suitable inlets and outlets for ease of loading or unloading and for protection against spillage
or leakage.

Infrastructure

Woven Sacks manufacturing facility – Extruder, Looms, Stitching Machines

Liner manufacturing – Extruder and Cutting Machine

Serving Thread or Stitching Yarn – Extruder, Twister and Loom

Webbing – Extruder and Loom

The company is having well equipped chemical and physical laboratory to monitor the quality of
the product. Besides the sophisticated plant and machinery, the company has a matching in-plant
working environment.

Domestic Manufacturers

 GAIL.

 GE Plastics India.

 Haldia Petrochemicals.
  IPCL.

 Karnataka Petrosynthese Limited.

 NOCIL.

 Reliance.

 Supreme Industries

International Manufacturers

 Exxon Mobil.

 Honam Petrochemicals.

 Hyndai Petrochemicals.

 Samsung.

 Shell.

 Dow Chemicals.

Tulsyan Group of Companies

 Established in 1938

 Activities

 Iron and Steel Trading

 Manufacturer of Tin Containers

 Manufacturer of Cardboard Boxes

  Manufacturers and Exporters of Leather Products

 Manufacturer of Knitted Textile Gloves

 Cold Storage Activities

 Rice Processing Division

 Tulsyan NEC Limited

 Iron and Steel

 Windmill

 Technologies

 Synthetic

 Turnover

 $ 180 Million

 Tulsyan NEC Limited

 Flagship Company of the Group

 Turnover $ 60.00 Million

Tulsyan NEC LTD

 Divisions

 Iron and Steel

 Windmill

 Technologies

 Synthetic

Iron and Steel Division

  Activities

 Manufacturing- CTD/TMT/CRS Steel Bars

 Trading

Turnover

 $36.00 million

Windmill Division

 Eight in Number- Power Generated is for self consumption for the Iron
and Steel Division
 Capacity 1800 KWA

Technologies

 Activities

 Web Designing/Hosting

 Medical Transcription at Chennai

 30 Foreign Language Translation

COMPETITORS PROFILE

There are 536 Companies who are in the same industry in India, some of the major

Companies listed below with their brief manufacturing details.

1) Ispa Exim Pvt. Ltd.

Manufacturers and exporters of HDPE sacks, polypropylene woven sacks, polypropylene woven
fabric, laminated fabrics, unlamented fabrics, laminated fabrics, tea bags, food packaging paper
bags, valve bags, t-shirt bags, cement bags and printed bags.
 2) PVN Plastics Industries
Engaged in manufacturing of HDPE and PP woven sacks, woven polypropylene sacks, laminated
woven fabrics, PP laminated gusseted bags, boxed bags, shopping bags, lumber cloth, sand bags,
BOPP printed sandwich bags and wide with fabric.

3) Vivek And Company

Exports and manufactures woven sacks, woven sacks bags. Also deals in jute twine, jute yarn,
jute soil saver, jute mesh, jute geo textiles, geo jute, jute sheets, sand bags, natural jute fiber sand
bags, shopping bags and jute shopping bags.

4) Welpack Industries Ltd.

Engaged in manufacturing and exporting of hdpe bags, hdpe t-shirt bags, hdpe vest carrier bags,
hdpe shopping bags, hdpe carry bags, hdpe pick up bags, printed hdpe bags, plain hdpe bags,
hdpe plastic bags and 20 micron hdpe bags.

5) Lamifab Industries
Manufacturers and exporters of woven sacks, PE woven sacks, PP woven sacks, un laminated
woven sacks, laminated woven sacks, PP laminated sacks, PP un laminated sacks, PE laminated
woven sacks, PE un laminated woven sacks.

2.8: Directors & Key Management Personnel:

PROMOTOR DIRECTORS

1) SHRI.L.K.TULSYAN
2) SHRI.SANJAY TULSYAN

PROFESSIONAL DIRECTORS
3) SHRI.SOUNDARARAJAN
4) SHRI.P.T.RANGAMANI
5) SHRI.A.P.VENKATESWARAN
6) SHRI.S.RAMAKRISHNAN
7) SHRI SANJAY AGARWALLA
8) SHRI.V.KIRUBANANDAN

CHIEF EXECUTIVES

Shri Ram Babu - General Manager (Rolling Division)

Shri Dinesh Goyal - General Manager (Ingot division)
Mrs. Uma - DGM (F&A)
Shri K.Anantheeswaran - Billet division)
Shri A.P.Harish - President (Operation)
Shri K.Chakraborthy - General Manager (Works)
Shri Sandip Lahurawalla – General Manger Exports
Shri J.M.Manohar - Manager Exports
Shri Murari Lal Sharma - General Manager Raw materials
Shri.V.Padmanaban – General Manager Marketing

2.9: AWARDS AND ACHIVEMENTS

Export House

State Award For Excellence In Exports From Government Of Karnataka For The Period 1995 –
1996

State Award For Excellence In Exports From Government Of Karnataka For The Period 1996 -
2000

AIFTMA Export Award 1997 – 1998

All India Flat tape Manufacturers Association From National Association Of Plastics Woven
Sacks Manufacturer For Excellence In Exports For Medium /Large Scale Sector For The Year
1997 - 1998

AIFTMA Export Award 1998 – 1999 -II

Export Promotion Awards 2000 – 2001
Large /Medium Scale – II

ISO Certified In 2002

Rated by Business Barons As One Among The 1st 500 Most Outstanding Companies In The
Country For The Financial year 2002

Organizational chart
 Managing
Director

Management Chief Executive

Representative Officer

General General
HOD HOD
Manager Manager

HOD (Purchase HOD (Purchase Human Commercical

HOD Assistant Accountant
& Spare) of Material) Resource Maneger

Purchase
Su pervisor Superviser Assistant Assistant Assistant
Officer

Workers Workes Superviser

Worker
 Chapter3

3.1: PRODUCTION DEPARTMENT

Production is the conversion of raw materials into the end product by using processes, machines,
men, tools, and so on. It is the process by which goods and services are created.
As we study the overall organization we come know that the company is following the Pull
System process of production.

PULL SYSTEM

It is a system of production in which products are produced only as they are ordered by
customers or to replace those taken for use. Or a JIT system.

5 P’S OF PRODUCTION MANAGEMENT

Production management is related with five p’s namely the product, plant, process, programs,
and people.

1. Product:- In the TULSYAN NEC LTD product means woven sacks manufactured by
using polypropylene and hydro poly ethylene and these are plastic raw materials.
2. Plant: The plant is broad concept which is used produce the product. The machineries
used to manufacture the given product are called the plant.

Manufacturing facilities

The company posses world-class manufacturing facilities for production of high quality
Polypropylene (PP) woven fabrics, woven sacks / bags. The machine at the companies facility
incorporate latest technology that provide great
flexibility and cost saving in manufacturing process.
The company’s manufacturing facilities include the
following :

 Extruder
 Cutting and stitching machine
 Lamination plant
 Woven bags sewing machine
 Circular weaving machine
  Hydraulic bailing press for HDPE/PP bags

Extruder:- The company has two advanced range of extruder machines, which are based on
latest European design technology to produce different kinds of yarns in colours. Both the
extruders are based on of Kolsite make produces finest quality of yarn along with environment
friendly operations.
Extruders (PP / HDPE Stretching Lines)

Features:

 High Flexibility to produce different

kind of coloured yarns.
 European design technology.
 Make: GCL&WINDSOR
 Capacity:1000 KG/HOUR
 Number of machines:3units
 Very Fine Quality of Yarns

Cutting and Stitching machine: The company use latest model

of cutting and stitching machines made by GCL. The new age
machine cuts, bottom folds and stitches the bags or sacks. The
complete processing is done just from the tubular fabric roll.
These machines can carry operations like counting, staking and
conveying.

Make: GCL

Type: cutting and stitching machine

Capacity: 3000bags/hrs

Lamination Plant

 “Touch Screen Type” Operation Panel &

Synchronized System as Standard Equipment
 Line Speed: Max 120 meter/min
 Equipped Auto Roll Changing System

Woven Bag Sewing Machine

The company has installed high speed, double needle
woven sewing machines specially designed by Arm
Strong. The double needles of the machine provides a
long lasting stitch. The bobbling stitching system of
the sewing machine is designed to enhance the overall
production efficiency.
Can also use any type of cotton and synthetic yarns

Features :

 Electrically operated
 Easily convertible in single needle machine
 Easy adjustment of distance between the
needles
 Fully automatic lubrication with oil recycling
Number of machines : 20

Circular Weaving Machine

The new generation circular weaving machine with six
shuttle is designed to weave fabric suitable for a variety
of applications like plastic granules/fertilizer/chemicals
and smaller covering fabric/tarpaulin etc. Additionally,
these machines have an option to produce Anti-slip
fabric on special request.

Features :

 Type : Circular weaving machine

 Make : GCL
 6-shuttle: 80 looms
 Capacity : 200000 meter/day
Hydraulic Bailing Press For HDPE/PP Bags

This is hydraulic bailing press which is used for pressing PP/HDPE bags to minimize the volume
for convenient packaging & transporting. These machines are designed for free shift operation and
can produce different pressure as per the requirement.

Features :

 Compact hydraulic block

 Overload protection valves
 Push button operation
 Preset bale height table auto stop
 Pressure regulator and gauge
 Emergency brake

3. Process: - There are various processes

involved in the Production activity.

 Extrusion
 Weaving
 Quality analysis
 Fabric printing
 Cutting
 Stitching
 Bailing

4.Programs: - The programs include the activity concern with the company’s achievement to the
strategic goals of the company the retaining the talented employees the organization.

Since company has started so many years ago it has expanded its business in overall India and its
supplying of goods and services according to the requirements of the customers .

5. People: - People refers to the workers or employees working in the Organization. This
company is providing the employment mostly to the persons who are having the technical
background such as Engineers, Diploma holder, ITI holders etc and occasionally it provides
employment opportunity to the non technical persons. It has efficient HUMAN RESOURCE
DEPARTMENT to maintain and nurture the human relationship with in the organization.

Product portfolio:-

A customer focused, innovative and solution-driven company, it holds expertise in successfully

manufacturing and supplying high quality packaging products. The company is committed to
provide their clients a one stop packaging solution. The company uses only high grade raw
materials such as HDPE/PP granules, LDPE/LLDPE granules, master batches and printing ink,
for products which are procured from reliable and trusted vendors. The products are used for
the packing of different products such as cement, sand, polymer resins and agro products.

The company offers the following:

 PP/HDPE Woven Sacks

 FIBC bags

 Polypropylene Asbestos Bags

 Polypropylene Container Liners

 Polyethylene Liners

 Coated or Uncoated Bags

 Jumbo Bags

Manufacturing Process

PP Woven sacks bags:- The company offers PP woven sacks that are available in a host of
fascinating colors, designs and sizes. These allow sufficient passage of air to the packed items
and can also be laminated for moisture proof packing of different items. These products ensure
the phenomenon of ‘breathing’ space in packed grains.

Salient features of PP woven bags:-

 Light weight and easy & cheap to transport

 High Tensile strength and durability

 Cost effective in comparison to other alternative packing material

 No Seepages specially in poly lined or laminated bags

 Bottom stitched duly laminated with PP/LDPE inside

 Colour Milky White or others

For Sugar:

 Size – Length 900 mm, Width 590 mm

 Open Mouth Or Top Hemmed

 Bottom Stitched with inside separate loose liner bag of 25 micron thickness stitched at
bottom and printed with flexo printing for packing 50 kgs Sugar

For Food Grains:

 Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at
bottom OR without liner and printed with flexo printing for packing 50 kgs food grains.

 Open Mouth Or Top Hemmed

 Bottom Stitched with inside separate loose Liner bag of 25 micron thickness stitched at
bottom OR without Liner and printed with flexo printing for packing 25 kgs food grains.

For Fabrics:

 PP / HDPE woven circular fabrics are available in rolls of different colors / shades, width
and other specifications as per the clients’ requirements.

 They are put to direct uses or for conversion to Bags and Sacks at customers' end.
 Following is the manufacturing process of PP woven sacks bags

The process of manufacturing PP woven bags involves mixing raw materials starting with PP or
HDPE pellets and other additives, extruding the raw materials into a yarn, weaving the yarn into
a fabric in a process similar to the weaving of textiles, laminating the fabric, cutting the fabric
into appropriate sizes for the bags, sewing the bags, printing onto the bags and finally packaging
the bags.

a.Tape Extrusion:

The raw material consisting of Raffia grade polypropylene and suitable master batch is fed
through a plastic extruder fitted with a `T’ die. The extruded sheet is cooled and slit into small
width continuous tapes, which pass over a hot air oven during which the orientation of tapes take
place.

b. Fabric Weaving:

These tapes are wound on cheese winders which are used on circular weaving looms to produce
continuous Circular fabric of the required lay flat width. The fabric produced is wound into
rolls.

THE CIRCULAR WEAVING MACHINE

a.Sacks Production:
The Woven fabric in roll form is unwounded and cut into required length units. One end of
fabric unit is folded at one of its corners such that after stitching a spout opening is formed. The
other side of the fabric unit is fully stitched to get a woven sack.

b)Waste Recycling:
The waste generated during the entire production process is converted into reusable chips using
an agglomerated. Manufacturing process of Flexible Intermediate Bulk Container(FIBC)

A Flexible Intermediate Bulk Container, FIBC , big bag, bulk bag, or Super Sack is a

standardized container in large dimensions for storing and transporting dry, flowable products,

for example sand, fertilizers , and granules of plastics.

Transporting and loading is done on either pallets or by lifting it from the loops. Bags are made

with either one, two or four lifting loops. The single loop bag is suitable for one man operation as

there is no need for a second man to put the loops on the loader hook. Emptying is made easy by

a special opening in the bottom such as a discharge spout, of which there are several options, or

by simply cutting it open.

Process

a)Tape Extrusion: The tapes are produced by extrusion of polypropylene with master batch
using a `T’ die. Orientation, stretching and annealing of the tapes are done to obtain the required
denier rating. As the tapes are wider and thicker, in order to facilitate weaving, the tapes are
folded into three layers use a tape folding equipment or slit into fine fibers using a fibrillate to
obtain compact fibrillated tape, which are wound on cheese winders.

b)Fabric weaving:

Using an eight shuttle circular loom, the folded or fibrillated tapes are woven into a circular
woven fabric of required lay flat width, which are wound into rolls.

c) FIBC production:

The circular woven fabric is cut into required length. The top and bottom covers are also woven
fabric which is slit opened to give open width fabric. The inlet and outlet spouts are small
tubular woven fabric. The handles are made out of knitted polypropylene fibers. Safety factor.
An inner layer of HDPE blown film is also employed to avoid seepage. The single use FIBCs
employ less denier tapes than the multi-use FIBCs of corresponding capacity.
d) FIBC Testing:

The following tests are conducted on FIBCs

i) Ultra-violet stability test of polypropylene fabric.

ii) Tensile testing of FIBC fabric and handles.
iii) Test for resistance to impact collusion
The test parameters are based upon the design and utility conditions of FIBCs.

Printing & Packing: The quality approved FIBCs are printed as per customer’s requirement and
baled using a baling press.

Classification of FIBC

 Construction
 Lifting options
 Electrostatic properties
 Industries served
 Flood barriers use
 Electrostatic properties:-

 Type - A - no special electrostatic safety features

 Type - B - Made from plain (non-antistatic) polypropylene. Type B bags are not capable
of generating propagating brush discharges.

 Type - C - Conductive FIBC. Constructed from electrically conductive fabric, designed to

control electrostatic charges by grounding. A standard fabric used contains conductive
threads or tape.

 Type - D - Anti-static FIBCs, essentially refers to those bags which have anti-static or
static dissipative properties without the requirement of grounding

 Industries served:-

 Chemicals

 Fertilizers
  Fiberglass

 Food Products

 Grains

 Mining (Used to hold shotcrete)

 Pharmaceuticals

 Rubber Additives

 Seed

Polypropylene Products
The company has engaged in manufacturing, exporting and supplying polythene and bags.
These are manufactured using fine quality raw material obtained from trusted and reputed
vendors across the nation. All the products that company manufactures are in accordance with
industrial standards and strictly follow the defined parameters.

Jumbo Bags
The company put forward high quality jumbo bags.
Manufactured using high quality raw material that is
procured from trusted and reputed vendors across the nation
these possess features like wear &tear resistance, strength
and long life. These are in extensive demand in the market
and are widely appreciated by the clients due to its flexible
intermediate bulk containers that are custom tailored so as to
suit the individual requirements.

Product Specifications of jumbo and FIBC bags

 PP uncoated: Allows
the content to breathe for long term storage of grains and
food stuffs

 PP Coated: Extrusion
coating prevents contamination and makes it dust proof
 PE Liner: Ensures protection against moisture and dust

 PP coated with dust proof seams: Prevents pilferage and

leakage of fine powdered material, through the seams

Polypropylene Asbestos Bags

The company is engaged in offering Polypropylene Asbestos

Bags that are manufactured using high quality raw material that
is procured from trusted and reputed vendors across the nation
these possess features like wear &tear resistance, strength and
long life. The products are in high demand among the clients
due to their various designs and excellent printings. Having
expertise in manufacturing clear bags with great printability, the
company also offer these at cost-efficient prices. Clients can
avail these within stipulated time frame.

Polypropylene Container
Liners The company put forward high
quality polypropylene container
liners. These are made using high grade material such as
polyethylene or polypropylene. These dry bulk container liners are
also known as shipping, sea bulk or sea land container liners and
are stitched using coated or non-coated fabric. Known for
economical value than the conventional blown film liners, these
are supplied in bulk to cater to the requirements of our clients
spread across the globe and within the stipulated time frame.

Polyethylene Liners

The company is also engaged in offering Polypropylene Liners

that are manufactured using high quality raw material that is
procured from trusted and reputed vendors based across the
nation these possess features like wear &tear resistance, strength
and long life. These are manufactured at a completely automatic
unit packing system together with palletizing facility, which is
available at the plant. These are in extensive demand in the
market and company offers these at cost-efficient prices. Clients
can avail these within stipulated time frame.

Coated or Uncoated Bags

The company also put forward high quality coated or uncoated bags that are manufactured using
high quality raw material that is procured from trusted and reputed vendors of the market. These
possess features like wear &tear resistance, strength and long life. Also, these are in extensive
demand in the market and are widely appreciated by the clients. Acknowledged as per the
industrial standards, the company offer these at cost-efficient prices. Clients can avail these
within stipulated time frame and can also customize these as per their needs and requirements

Advantages of HDPE / PP Woven Sacks and Bags

Moisture Proof :

HDPE / PP Bags are inherently moisture repellent.

Light Weight :

HDPE / PP Bags being light weight, offers easy and cheap transportation.

Printing :

Bright 2 / 3 Color printing offers aggressive marketing prospects.

Stack ability :

No problems in stacking. Can be gusseted to further improve stacking.

Strength :

High Tensile strength and long life. No corrosion.

Economical :

Highly economical compared to other alternative packing material.

Seepage :

No Seepages specially in paper lined bags.

PROCESS FLOW CHART FOR WOVEN SACKS/FIBC

Raw Material PP/HDPE + Master Batch

Extrusion

Sheet Die

Cooling Water Bath

Sitting Unit

Hot Air Woven

Stretching Unit

Annealing Unit

Tape Folding Unit

Cheese Winders

Quality Control Testing

Weaving on Looms

Fabric Rolls
 

 

Fabric Cutting Fabric Stitching

 

Fabric Stitching Fabric Lamination

 

Quality Control Testing Fabric Welding

 

Printing Quality Control

 

Bailing Bailing

 

Dispatch Dispatch

FIBC’S & SMALL SACKS WIDE WIDTH FABRIC

3.2 Purchase Department

The most important aspect in any organization is flow of materials from outside the organization
to fulfill the requirements of the each department. This activity is taken care by the PURCHASE
DEPARTMENT. Purchase department plays an important in the organization effectiveness and
its productivity. Purchase department has to make timely order of the raw material for the
uninterrupted production process, and the spare parts for the machines which helps in orderly
replacement of spares with the production moving.

Objectives of the purchase department:

A. To procure quality raw material at the least cost.

B. To maintain sufficient stock at go downs.
C. To preserve the stock at maximum care.
D. To maintain safety stock level.
E. Estimate the future fluctuation in prices of raw material arrangement of finance to fulfill
the maximum stock level.

The department is responsible for the following:

 Domestic purchase
 Imports
 Trading of Raw Material
 Dispatches to factories
  Storage at godown
 Excise obligation

Hierarchy of purchase department

Purchase
Officer

Store Store
Officer assistant

Helpers Helpers

Helpers

IN TULSYAN NEC LTD the purchase department may be split into two divisions:

 Department of purchase of spare parts

 Department of purchase of raw material

Purchase of spare parts department:

Purchase of the spare parts is maintained by the Bangalore branch itself. Here requirement of all
the machines spares and parts are looked by this department. Each production department head
will place orders that they require, Sometimes the department will assess the required spares and
parts and place order in time or refill of the spare parts stock. Head of purchase department,
based on the past records will identify the requirement. The stock of spares and parts are
maintained in the average stock level.

The process of purchase of spares and parts are as follows:

They will send an indent to the supplier of the spare parts including specification of the spare
parts. Supply will be received approximately after certain days.

 LOCAL - 8 TO 10 DAYS
 OUTSIDE - 15 TO 20 DAYS

Process of Purchase of spare parts

Good receipt cum inspection note (GRIN)

Quality & quantity (Store check)

Quality department checker (jobbers)

Department head (GRIN sign)

Accounts department (payment)

This process chart gives you a clear picture how ordered spare parts will be received in the
organization.

PROCESS OF PURCHASING OF RAW MATERIAL

General
manager(Raw
material)

Manager(Raw
material)

Executive Executive Go-down

(Raw material) (Imports) incharge

Responsibilities & Authorities:

Responsibility & Authorities of GM are covered in quality manual.

Manager (RM).

Responsibilities

 Maintain inventory status.

 Maintain subcontractor purchase and payment statement.
 Verification of Excise Documents
 Import material follow ups
 Co-coordinating with factories for their requirements and their ensuring.
 Timely deliveries.
Authorities:
  Authorizing excise documents.
 Releasing indents purchase order with approval of the GM.
 Dispatch order for sales
Responsibilities Executive (Imports)

o Preparation of import clearance documents.

o Execute all import materials clearance formalities.
o Bonding/De-bonding or import materials.
o Clearance and transshipment of stores from the port of entry.

Responsibilities of go down in-charge

 Receipt of stores.
 Proper storage & handling of materials.
 Preservation and safety of material.
 Issue of raw material as per the instructions from(RM).
 Ensure proper loading.
Major suppliers of the raw material

 Reliance industries ltd

 Indian petrochemical corporation ltd
 Gas authority of India ltd
 Haldia petrochemical ltd
QUALITY CONTROL DEPARTMENT

The company believe that quality is essential to the success of any business therefore company
has adopted good quality practices and try to instill these practices into the organization's culture
and our product range. With the strict quality measures, the company has mastered the art of
producing flawless products and are constantly incorporating innovations. Aspiring for the total
customer satisfaction, company lay stress on efficiency, quality and commitment. The main
objective is to manufacture and supply the best quality product to the world with latest and
advanced technology. Company has commit to provide material quickly, flexibly and with
service tailored directly to the needs.

The products are checked on the following quality parameters:

Finish

Durability

Resistance to water

Strength

Quality is desired attributes and characteristics in material, semi finished products and finished
item it is a relative term and can be expressed based on end usage.

In simple words quality is doing the right things at first time and every time.

Quality is:

 Degree of performance
 Degree of preference.
 Degree of excellence
 Promises made to the customers
 Quality of design
There are 8 dimensions of quality:

i. Performance
ii. Features
iii. Reliability
iv. Conformance
v. Durability
vi. Serviceability
vii. Aesthetics
viii. Perceived

QUALITY POLICIES

 Quality by enhancing productivity and efficiency.

 Being internationally competitive.
 Achieve quality products with total support from all their employees.
 Checking continuous improvement.
 To listen openly to its customers.
 To design the products they want first.
 Produce the products cheaply not compromising with quality.
 To offer excellence to your customer.
 Meet to the full satisfaction of customers.
In TULSYAN NEC LTD each department head or supervisor especially in extrusion and
weaving section, checks the tape quality, fabric strength which is needed to meet the demands
and requirements of the customers.

They use a special machine to check the strength of the fabric after the weaving of sample, then
if any defects are found it will be informed to the departmental head or the concerned person in
charge.

Currently the company is looking towards covering their quality under various international
market standards namely Srilanka, UK and middle east countries .The company is also getting
the rebars certificate from CRM Beligum. The company has a Microsoft ERP solution which will
further add quality system.

Quality check machine

INTRODUCTION

Finance is regarded as the lifeblood of the business enterprise. Financial management is very
important to any organization. Tulsyan has very sound financial department and well trained and
experienced employees to carry out the financial activities. According to the Consolidated -
Audited financial statement for the Year 2011, total net operating revenues increased 46.28%,
from INR 608.32 tens of millions to INR 889.88 tens of millions.

Operating result decreased from INR 53.9 tens of millions to INR 53.58 tens of millions which

means -0.59% change. The net income of the period increased 6.89% reaching INR 11.02 tens of

millions at the end of the period against INR 10.31 tens of millions last year.

Return on equity (Net income/Total equity) went from 16.01% to 15.25%, the Return On Asset

(Net income / Total Asset) went from 3.16% to 2.88% and the Net Profit Margin (Net
Income/Net Sales)

went from 1.69% to 1.24% when compared to the same period last year.

The Debt to Equity Ratio (Total Liabilities/Equity) was 529.15% compared to 507.13% the

previous year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.43 to

2.18 when compared to the previous

Objectives:-

The objectives of financial department are as under:-

 To ensure that accounting records of various divisions are properly maintained.

 To ensure that sales realization are properly accounted and remained the marketing
section from time to time over the debtors portion in order to enable them to collect the
dues.
 The account section objective is also to see that regular payments of milk bill are made to
milk producers on priority.
 To see that the payments to creditors are made within stipulated time.
  Account section has to provide management timely information about the financial
position of the union and guide them as to viability of the proposals that come in the
course of business activity.
 The other objective of finance section is to keep the management / board appraised of
monthly trading and P & L a/c figures.

Functions:-

The main functions of the financial department are as under:-

 To manage cash.
 To manage bills.
 To manage transportation bills.
 To manage pay bills.
 To manage accounts.

Working capital ratios

Ratio Analysis can be defined as the study and interpretation of used relationships between
various financial variables, by investors or lenders. It is a quantitative investment technique for
comparing a company's financial performance to the market in general. A change in these ratios
helps to bring about a change in the way a company works. It helps to identify areas where the
management needs to change.

Current ratio
This ratio establishes the relationship between current assets and current liabilities. the purpose
of this ratio is to find out the extent of current assets available against each rupee of current
liability of the firm

Current ratio=current assets/current liabilities

Current assets include cash, marketable securities, debtors, inventories, prepaid expenses etc.
Current liabilities includes creditors, bills payable, accrued expenses, short term bank loan,
income tax liability and long term debt etc.

year Current assets Current liability Current ratio

2017-2018 189.03 125.785 1.502

2018-2019 258.87 167.935 1.5414

Interpretation: From the year 2017-18 the Current ratio has decreased but in the year 2018-19
the Current ratio has increased.

Quick ratio
This ratio is called as acid test ratio or Quick ratio. It establishes the relationships between liquid
assets are those which can be converted into cash without any loss or delay. all current assets,
excepting stock and prepared expenses, are considered to be liquid assets. Liquid liabilities are
those liabilities which are payable immediately. all current liabilities, excepting Bank overdraft,
are considered to be liquid liabilities.

Year quick assets quick liability Quick ratio

2017-2018 108.115 125.785 0.85952

2018-2019 146.665 295.01 0.49715

Interpretation: From the year 2017-2018 the quick ratio has decreased but in the year 2018-
2019 the quick ratio has increased.
REPORT OF THE DIRECTORS TO THE SHAREHOLDERS

We take pleasure in presenting the 64th Annual Report of the Company

together with the Audited Balance Sheet, Profit & Loss Account and Cash Flow Statement for

the year ended 31st March, 2019. FINANCIAL RESULTS Rupees in Lakhs 2016-2017- 2018-

2019 Profit before Depreciation and tax 2365.39 2258.48 Less: Depreciation 857.88 813.33

Profit for the year before exceptional items 1507.51 1445.15 Less: Exceptional Items 126.96

85.73 Profit for the year 1380.55 1359.42 Less: Provision for Current Tax 290.00 360.00

Deferred Tax 156.22 150.17 Add: Surplus brought forward 3334.84 2698.85 Amount available

for appropriation 4269.17 3548.10 Appropriations: Interim dividend 50.00 – Corporate Tax on

Interim Dividend 8.50 – Dividend 50.00 100.00 Corporate Tax on dividend 5.31 11.26 General

Reserve 105.00 102.00 Balance carried forward 4050.16 3334.84 OPERATIONS AND

OUTLOOK During the year under review, Sales and other receipts grew 32.93% YOY to Rs

. 84310.61 Lakhs. EBITDA grew by 4.73% YOY to Rs. 2365.39 Lakhs

and PAT grew by 10.02% YOY to 934.33 Lakhs. Your directors expect a

growth of 35% in the top line for the FY 2019.

As in the last year during the current year also there were drastic

power cuts consequently effecting our costs and also the production.

Due to these power cuts we could not utilize our capacities in full

thus losing out on economies of large scale production.

AUDITORS

The Auditors of the Company M/s. C.A. Patel & Patel, Chartered
Accountants, Chennai, retire at the ensuing Annual General Meeting of

the Company and are being eligible, offer themselves for

re-appointment.

Some of the accounting notes of the company

Contigent liabilities:- All liabilities have been provided for in the accounts except liabilities of a
contingent nature, which have been disclosed at their estimated value in the Notes to the
Accounts wherever practicable.

Cash &cash equivalents:- Cash and cash equivalents in the cash flow statement comprise cash at

bank and in hand and short-term investments with an original maturity of three months or less.

Foreign exchange transaction:- All foreign currency transactions are recorded at the average
exchange rate prevailing during the transaction occur. Outstanding balance of
foreign currency monetary items are reported using the period end rates.

Tax & income:- Tax expenses for a year comprises of current tax and deferred tax.
Current tax has measured at the amount expected to be paid to the tax
authority, after taking into consideration, the applicable deductions
and exemptions admissible under the provisions of the Income Tax Act,
1961.

Lease payments and receipts:- Lease payments have been made towards land at Chennai and
amortised on a straight line basis during the period of lease.
Lease payments have been made towards Hire Purchase of Vehicle.

 Details of secured loans:-

Loans from Banks secured by exclusive charge on land, buildings and plant and machinery other
than those specifically charged. Term Loan from Financial Institution is secured by assets
purchased under the loan and are guaranteed by the Managing Director and two Directors of the
Company.
Hierarchy of marketing department
 General
manager

Domestic Export
market market

Executive Executive
satish maria

Sales Sales Sales

Marketing is a process of persuasive action which makes the buyers to buy the products and
services at given price is called marketing.

Marketing management is a process of planning and executing the conception, pricing,

promotion and distribution of goods services and ideas to create exchanges with target groups
that satisfy customers and organizational objectives. Marketing management is a process
involving analysis, planning implementation and control that it covers goods, services and ideas
that it rests on the notion of exchange and the goal is to produce satisfaction for the parties
involved.

MARKETING MIX

Marketing refers to the four P’s:-

 Product
 Promotion
 Pricing
 Place
Promotion
Promotion activity of the products produced by the TULSYAN NEC LTD is totally taken care
by head office of the company which is situated at Vasanthnagar, Bangalore.

Promotion of the products is looked after by the company’s marketing executives.

Pricing

Pricing is relying on the quality and quality ordered by the customers. When customer places
bulk orders for the products and services, company will quote the low price for the orders or
vice-versa. All the pricing quotation is fixed by the head office of TULSYAN NEC LTD. Only
manufacturing process will be done in the plant. The head office will receive the cost of each
order placed by the customers. It will then check the cost of the orders and then fix the price for
the orders

Place

Place refers to the space of finding the targeted customers of the produced goods and services.
Mainly company will browse the customers via internet or through the directories, which
contains information about the customers.

MARKETING PROCESS

The marketing process followed at Tulsyan is

 Analyzing market opportunities

 Researching and selecting target markets and positioning the offer
 Developing marketing strategy and plans
 Planning marketing programs
 Organizing implementing and controlling the marketing plans
MARKETING PROCESS OF TULSYAN NEC LTD

SEARCHING CUSTOMERS VIA INTERNET

POSTING COMPANY PROFILE TO

CUSTOMERS

REPLY FROM CUSTOMER

BUILD RELATIONSHIP AND ENQUIRIES

FIX QUOATATIONS

PRICING QUOTATIONS
 PLANNING MARKETING PROGRAMS

ORGANIZING IMPLEMENTING MARKETING EFFORTS

CUSTOMERS PROFILE

There are nearly 51 overseas customers and few domestic customers. some of the major
customers are as follows:-

Domestic customers

 RASHI GOLD
 COROMANDEL
 AMBUJA CEMENT
 BIRLA SUPER
 L & T CEMENT
 ULTRATECH CEMENT

JUMBO BAGS (FIBC)

 VEDANTA (Lanjigarh)
 INDIAN OIL
 ENCORE

Overseas customers
 SHAH& Co
 TRACO CABLE COMPANY LIMITED KEJRIWAL ELECTRONICS LIMITED
 P.L. GOYAL & SONS LIMITED
 INFO TRENDS
 CHETANA LAMINANATES PRIVATE LIMITED
HIERARCHY OF HUMAN RESOURCE DEPARTMENT
 HOD/HR
manager

Executive Executive

Assistant House keeping Assistant

supervisor supervisor supervisor

House keeping
supervisor

Introduction:

Human resource is very important for the success of any organization. Human resource
management is the wealth of an organization, which can help in achieving its goals. Human
resource management is concerned with the human being in an organization. It reflects a new out
look, which views organization manpower as its resource and assets.

Meaning of Human resource management:-

Human resource management is that process of management which develops and manages the
human elements of enterprise. It is not only the management of skills but also the attitudes and
aspiration of people. When individuals come to work place, they come with not only technical
skills, knowledge, experience, but also with personal feelings, desires, motives, attitudes, values
etc.., So Human resource management means management of various aspects of Human
resource.

Tulsyan company has nearly 1640 employees (including contract labours) as compared to
previous year and the industrial relations remained cordial during the year. To meet the ongoing
challenges in the market place employees are trained continuously to upgrade both their
knowledge and skills.

CLASSIFICATION OF EMPLOYEES

 Permanent employees
 Casual employees
 Apprentice
FUNCTIONS OF THE HR DEPARTMENT

 Recruitment of candidates
 Selection of best suited and right persons.
 Training and development of employees.
 Framing of rules.
 Creating a good working environment.
 Motivating the employees to work up to their potentials.
 Maximizing the performance of employees.
 Maintenance of records.
 Maintenance of industrial relations.
 Employee service and benefits

MAINTENANCE OF SERVICE REGISTER\ PERSONAL FILES

 Particulars of the employees.

 Date of joining.
 History of services.
 Pay scale/ increment /advances.
 Particulars of leave availed including leave encashment / maternity leave.
 Particulars of record of rewards, praise, punishment or censure including suspensions
 Place of position.
 Name / age of family members for provide medical benefits.
 Permanent residence address and present postal address.
 Details of training program undergone.
 HR PRACTICES OF TULSYAN NEC LTD

 Provident fund and pension fund.

 Gratuity.
 Compensation for accidents.
 Shift allowances.
 Overtime allowances.
 Death relief fund.
 Provide loans through the banks.
1. MANPOWER PLANNING
As an annual exercise, human resource department reviews the existing manpower plan for the
year from the entire department. On discussion and consultation with managing director, the
same shall be approved with changes if any.

2.RECRUITMENT AND SELECTION

Based on the manpower plan and recruitment that follow due to resignation, termination,
retirement, and transfer, concerned department heads shall give the manpower requisition along
with job description according to which human resource department arrange for Recruitment of
personnel. The sourcing of manpower will be through advertisements, consultations, walk-in,
and on-gate-advertisement or wanted lists on gates of the concerned departments of the company.
 2. INDUCTION
AND

PLACEMENT

The selected candidates will go through process of induction into the company’s system and
procedures. The induction and placement is given to the selected candidates by departmental
heads,

3.WAGES AND SALARY ADMINISTRATION

The wages and salary as prescribed by the company’s rule will be disposed as follows.

A. Confirmed staff : Last day of the month.

B. Unconfirmed staff : Fifth day of the next month.

C. Workman : Seventh day of the next month.

 3.PERFORMANCE AND POTENTIAL EVALUATION
The performance of the entire trainee will be evaluated once in three months. All other
employee’s performance will be reviewed once in a year. On being found that their performance
and potential to perform is up to the expectation of the, management, employees will be
rewarded with normal increment, merit increment, lump sum payment and promotion. In spite of
such counseling, if the employees continue to perform below expectation his awards or rewards
will be differed, postponed withheld depending on the degree of his poor performance.

4.PROMOTION, TRANSFER AND CAREER PLANNING

Promotion to higher posts to the employees is strictly and solely on merit basis and experience.
Transfer is affected on need basis and career planning in envisaged.

5.DISCIPLINE AND INDUSTRIAL RELATIONS

The company standing orders governs the employees and the industrial relations between the
management and workman are cordial and harmonious. To maintain this sort relationship
between the employees and employer or labors and superiors, It follows strict supervision on the
workers absenteeism as well as find out the reasons for the same and also tries to solve the
problems of absenteeism. The company has maintained the absence rate of the workers very
effectively by discovering optimum solution for the absenteeism and has decreased the rate of
absence from 5% to 3%.

EMPLOYEE WELFARE

1. Uniform: All the staff and labor members are provided with proper uniforms and shoes. The
workmen are provided with two pairs of shirt and pants, two pairs of socks and a pair of
leather shoes. The purpose behind this is to maintain discipline and remove the disparity
with in the group of workers.
2. Canteen : In order to enable all its employees to have subsidiary food, management of
TULSYAN NEC LTD has provided a canteen facility which well furnished and provides
food by giving coupons to the workmen at Rs 85 per week. There are separate canteens for
male and female workmen.
3. Soft drinks: The employees at staff level are allowed to enjoy soft drinks at wholesale price
which is deducted from their salaries.
4. Tea / coffee: The workmen and staff members are having the facility of getting tea and
coffee at subsidized rate, served twice a day to all its employees of the organization.
5. Loans to employees : All confirmed employees who have five years of completed service,
will be given loan which is repayable in equal installments. Workmen also have the facility to
procure the loan from company through Syndicate bank where company has most of the
transactions.
6. Salary advance: Employees on emergency are given salary advance which is fully
deducted in the next month salary. It boosts the employee moral and builds the loyalty with
the company.

7. Insurance: personnel department is responsible for ensuring the property of the company
towards fire policy, burglary, cash in transit and its employees towards workman’s
compensation policy, group personnel accidents, insurance med claim, and fidelity insurance.
8. Provident fund : As usual in all the companies provident fund in given to the employees by
contributing half by the employer remaining is deducted from the salary or wages of the
workmen and staff members of the company.

9. ESI Benefits: The company provides employee state insurance to the all the employees who
worked more than 31 days in previous year.

10. Parking avenues: The company has provided well roofed parking slots to the employees
and workmen vehicles who usually come by bicycles and scooters.

Shift timings of the organization:-

Since it’s a production unit the company maintains 5 shifts out of them 3 are production
shifts and 2 are general shifts, the following are production shift timings
 7:00am-3:00pm
 3:00pm-11:00pm
 11:00pm-7:00am

CHAPTER:4
SWOT ANALYSIS OF TULSYAN NEC LTD

 Strength
 The company has very good quality of fabric as well as quality control system.
  Continual improvement of their product by incorporating latest state of art
technology that is printing and lamination departments.
 Strict compliance of quality ,timely delivery and quality management services.
 Weakness
 The company has poor advertising strategies to increase their sales.
 The company is not ready to acquire bulk orders because of lack of investment.
 The utmost weakness of this company is lack of marketing, they believe that they
are retaining most of their customers.
 Attrition rate is more.
 Opportunities
 New business alliance with clients abroad.
 It has the potential to diversify in to various related business like sugar bags,
cement bags etc.
 The company easily combat with their domestic competitors because of their
quality assurance and quality service.
 Flexibility in usage of product makes the company more attractive.
 Threats
 The entry of multi-national automation companies will have a greater impact on
the growth of the company.
 Frequent power failure in the work place.
 Changes in government policies
 CHAPTER:5

 In Tulsyan nec ltd Finance and Marketing decisions are taken by the head office located
At Bangalore.
 It has well equipped plant to meet variation in the demand for instance TULSYAN NEC
LTD has VI extruders to make the raw materials conversion.

 It has provided well furnished canteen facilities to all his workers.

 It has well supported co-ordinate employees to meet objectives and goals of the company
also maintain industrial peace.

 It was founded that there are more number of unskilled labourers in the company.

 Training programmes for every new joiner is given. Online training (it is regularly given
when there is change in orders, complaints and so on.)
 Skilled employees are sent outside the organization for seminars.
 Training is given to employees as per the international quality standard.
 The company having good relationship with vendors of raw material and clients
 There is a lack of management application by the management employees.
 The company utilization of resources in a systematic way.
 Store department undertakes both storage of goods and purchases.
 The employees of the company are helpful and co-operative.
 Company using safety security policy.

Chapter6
CONCLUSIONS:
My stay at TULSYAN NEC LTD was indeed very beneficial to me as it was more of learning
than just working. I got very good co-operation from all the employees at TULSYAN NEC LTD
Company during my organizational study.

The project study was successful in identifying the process and sub process existing in the
organization under study with reference to their inter functional implication and dependencies.
The project study has also brought into light the working methodology of some key functions of
finance, marketing, HRM. The organizational completeness is visible through the study. This
study as ascertained that the organization is functioning successfully because of micro and macro
level of management principles in practice. This study is also successful growing at with various
management techniques that are visible in the organization under study by which new principles
can be derived for continuous improvements, survival and growth to achieve the desired level of
excellence in the competitive scenario of industrial management.

The high performance of Tulsyan NEC Limited is the effort of the management and the worker
in the organization for its high growth and increased sales and with effective operations
management. Tulsyan NEC Limited is one of those organizations who provides excellent
benefits to its employees and makes sure that its employees are satisfied and contended working
in the organization.
CHAPTER:7
BALANCE SHEET OF TULSYAN NEC (in Rs. MAR MAR MAR MAR
Cr.) '19 '18 '17 '16

12 mths 12 12 12
mths mths mths

SOURCES OF FUNDS

Total Share Capital 14.71 23.55 23.55 23.54

Equity Share Capital 14.71 14.70 14.70 14.70

Reserves -402.63 - -23.49 70.92

180.26

NETWORTH -387.92 - 0.06 94.46

156.71

Secured Loans 1,008.2 874.20 932.65 792.72

1

Unsecured Loans 0.00 0.00 0.00 0.00

TOTAL DEBT 1,008.2 874.20 932.65 792.72

1

TOTAL LIABILITIES 620.29 717.49 932.71 887.18

Gross Block 701.40 767.85 761.45 432.71

Less: Accum. Depreciation 0.00 49.80 24.30 117.50

NET BLOCK 701.40 718.05 737.15 315.21

Capital Work in Progress 0.00 0.00 0.94 292.11

INVESTMENTS 0.01 6.50 6.50 7.93

Inventories 97.75 92.32 128.48 131.74

Sundry Debtors 269.24 241.39 205.06 321.10

Cash and Bank Balance 3.46 8.67 15.97 18.07

Total Current Assets 370.45 342.38 349.51 470.91

Loans and Advances 48.70 63.39 96.18 159.60

Total CA, Loans & Advances 419.15 405.77 445.69 630.51

Current Liabilities 493.78 406.05 253.99 352.02

Provisions 6.49 6.78 3.59 6.56

Total CL & Provisions 500.27 412.83 257.58 358.58

NET CURRENT ASSETS -81.12 -7.06 188.11 271.93

TOTAL ASSETS 620.29 717.49 932.70 887.18

Contingent Liabilities 0.00 40.11 35.72 0.95

Book Value (Rs) -263.64 - -5.86 57.08

110.37
Chapter8
 BIBLIOGRAPHY

 Books : Marketing Management- Philip kotler

Human Resource Management-
K.Ashwathappa.Keller Philip.

And Keller Kevin Lane,

 Marketing Management 12e, Prentice-Hallof India
Pvt Ltd, Twelfth Edition.

 Websites : www.woven sacks.com(Google)

www.tulsyannec.co.in