Dyeing was practiced in Egypt, Persia, China, and India thousands of years
ago. Before 1856, natural materials derived from insects, plants, shellfish, and
minerals were the only known sources of dyestuffs. These sources included the
root of the herb madder for red dye and the indigo plant for blue dye. In the
early days of the Roman Empire, garments colored with Tyrian purple, a dye
derived from a shellfish of the Mediterranean Sea, were worn by the imperial
family and the nobility. As late the 4 th century ad, cloth colored with Tyrian
purple was the symbol of royalty.
The art of dyeing was stimulated in the 13 th century by the discovery of achil, a
purple dye made from a species of lichen. Northern Italy, where the discovery
was made, becomes the center of dyeing in Europe. In the 16 th century,
explores brought back from the Americas such of dyeing as cochineal and
logwood. Other important sources of natural dyes included quercitron, weld,
fustic, brazilwood, safflower, and indigo plants.
In 1856 the first synthetic dye, mauve, was derived from coal tar. Mauve was
developed by British chemist William Henry Perkin so that it could be produced
easily on a scale. Since then a great number of synthetic dyes have been
developed, and the use of natural dyes has almost ceased.
COMPANY PROFILE
With a wide range of products which are supported by world class production,
quality control and research facilities, Joy Polyfab Pvt. Ltd. Is rapidly
emerging as one of the fastest growing exporters of fabrics with a strong global
presence.
Our Plant is equipped with a full range of 'State of the Art' machinery which
has been sourced from the best manufacturers from around the world.
3
The Finishing section is equipped with zero-zero finish five chambers Hotair
Stentor, 16 cylinder drying range machine, brushing machine, Peaching
machine, and five bowl calendar machine and decatise machine.
All these machines are operated and maintained by a team of well- trained and
highly qualified operators and engineers to ensure the best performance.
The plant has a monthly capacity of 2.5 million meters, of which 1.5 million
meters consists of Synthetic Dyeing and Cotton Dyeing.
The Manufacturing range also consists of Clothing for Men, Ladies and Kids
made from 100% Polyester, P.V. & P.C. Fabrics. These come in a variety of latest
designs and patterns.
Our extra push on quality control enables us to produce world class suiting
sheeting fabrics. We are especially renowned for the whiteness of our fabrics.
Building strong and long lasting customer relationships is one of our key
strengths. Customer satisfaction is the life force which drives our organization.
It has always been our conscious effort to provide the customer with the best
possible quality at the most competitive rates with a constant emphasis on
innovation and reliability.
SOCIAL RESPONSIBILITY
Responsibility towards society has come as naturally to joy as responsibility
toward its customers, its stakeholder and the environment.
As a responsibility company, joy has involved in a wide variety of social and
charitable endeavors both in the urban rural areas of India.
Joy has earmarked funds towards infrastructure-development in its region,
which covers requirement such as schools and hospital. Assistance is also
planned for public health centers in the area.
In its region, Joy has been providing employment opportunities to the needy
according to their skills, and assistance to youngsters.
Joy also organizes regular health camps in its region with the help- of
voluntary organizations. In one such instance, a yoga camp attended by over
25000 people was organized in Indore.In its towards social causes, Joy has
placed utmost importance on its employees, acknowledging the fact that
charity begins at home.
The company`s employees enjoy a host of benefits deigned to promote a better
life like free housing, free medical facilities, interest-free loans, free
transportation to school children and subsidized food.
FUTURE PLAN(VISION)
1. Increasing Production with Latest Machinery.
7
2.
3.
4.
5.
6.
Technology up gradation.
Improvement in quality.
Reduction in damage Percentage.
Setting a New Cotton Plant.
Weaving plant.
COMPANY DETAIL
PARTICULARS
INFORMATION
Name:
Size of the
organization:
Director:
Chartered
accountant:
Banks:
Transportation
Sources:
Tempos, trucks
Area of the
Company:
6000 Sqr.Mtr.
Incorporation
Date:
Annual
Turnover:
13 Crors
Registration
office:
Factory:
E-Mail:
info@joygroup.in,
joypolyfab@yahoo.com
Tel:
+91-260-2421890
Fax:
+91-260-2435290
10
NAME
DESIGNATION
Shri Pershotambhai
Golkiya
Promoter
Shri Bhupendra
Golkiya
Director
Director
Director
Production
Department
Marketing
Department
Finance &
Accounting
Personnel & HR
Collection
Purchase
Maintenance &
Engineering
Laboratory
Shri Jayram
Packaging &
Finishing Goods
Store
Shri Jayram
Packaging &
Finishing Goods
11
Store
Shri Raju Patel
Cashier
12
Managing Director
Production
Marketing
Customer
Relationiio
Collection
& Payment
n
Production
manager
Maintenance
Purchase
Store
Keepin
Purchase
g
Assi.Manager
Finance
Purchase
Store
Keepin
g
Assi.Manager
Insurance
Time
Keeping
Account
Banking
13
14
INDUSTRIAL MARKETING
Market
The common usage of market means a place where goods are bought or sold. In
its strict meaning market need not necessarily mean a place of exchange.
Marketing
Marketing is concerned with selling but now a day the concept has enlarged its
meaning. We know that a product is provided with the aim of sale. The aim
producer totally depends on marketing. Without marketing no unit can run. It
covers marketing research, new product development and so many other
important functions.
15
STRUCTURE OF MARKRTING
Marketing
Marketing
department
department
CUSTOMER
CUSTOMER
RELATION
RELATION
Customers
Customers
Customers
Customers
PAYMENT
PAYMENT
Customers
Customers
COLLECTION
COLLECTION
Customers
Customers
Customers
Customers
CLACIFICATION OF PRODUCT
16
JOY does job work. Its customers give them Grey. Grey can be a shirt or dress
material. Then on Grey they do dyeing.
17
18
Type of Dyeing
Disperse Dyeing
Reactive Dyeing
Vat Dyeing
Double Dyeing
(Disperse+Reactive)
(Cationic + Disperse)
PRODUCT
SHIRTING
SUITING
DYEING
DYEING
DOUBLE
DYEING
REACTIVE
DYEING
DISPERSE
DYEING
VAT
DYEING
DOUBLE
DYEING
REACTIVE
DYEING
DISPERSE
DYEING
VAT
DYEING
19
20
Sales are anything that a company offers for the purpose of selling or in
exchange for a specified value, generally in monetary terms. The sales volume
tends to be the total worth of goods that a company sells in a financial year.
The sales tend to be one of the most supportive tools in order to the
organizational goals hence, sale volumes of any company is very important
part.
SALES
VOLUME
METER
DAY
2007
2008
2009
SALES
135,256,336
141,648,235
149,273,679
CLOSING
STOCK
1,965,226
2,786,794
1,473,313
OTHER
INCOME
134,653,222
144,154,716
152,310,866
PROCESSING
CHARGES
132,223,679
135,033,624
140,981,767
TOTAL
404,098,463
423,623,369
444,039,625
IN
PER
21
Year
22
The Sales Volume Of JOY has increased compared to its previous years. Thus,
it can be said that some extend the Company has been able to move towards its
goals more accurately.
But only sale itself not important along with is also its forcasting. Sales can tell
the current position of the business but without forecasting the company wont
be able to tell if it will be secured equally in the near future also or not.
23
A marketer can rarely satisfy everyone in a market. Not everyone like the same
goods. Therefore, marketers start dividing up the market. They identify and
profile distinct group of buyers. Market segments can be identified by
24
25
GEOGRAPHIC
LOCATION
INTERNATIONAL
NATIONAL
EAST
WEST
NORTH
SOUTH
WEST
NORTH
SOUTH
EAST
DEMOGRAPHICS
(a) Age:
Different people have different taste and preference. JOY
needs of all age of male and female.
cater to the
(b) Gender:
PRODUCT
26
SHIRTING
SUITING
DYEING
DYEING
(c) Occupation:
Students, Housewife, Professional etc.
(d) Income & Social class:
Upper Middle Class & Upper Class.
PHYHOGRAPHICS:
Lifestyle: Culture oriented.
Personality: Decent.
BEHAVEIOURAL:
Occasion: Regular.
User Status: Regular User.
Usage rate: Heavy User.
COLLECTION OF ORDER
ANALYSNG
LEVEL
THE
PREPARATION
FORM
PRESENT
OF
STOCK
PROGRAMME
27
PRODUCTION PROCESS
PACKAGING
TRANSPORTATION
COMPETITORS
Competition includes all the actual and potential rival offerings and
substitutes that a buyer might offer.
-Philip Kotler
However, the market approach to competition states that, Competitors are
companies that satisfy the same customer need.
JOY is a known for its quality as well as its price. It caters only to domestic
need. Being a part of growing market JOY faces a tough competitor in the
market. With the large number of competitors some of the major competitors
are:
Mahalaxmi (Mumbai)
Dhanlaxmi (Mumbai)
Chiripal (Ahmadabad)
Creative Garments (Vapi)
28
These companies tend to compete with JOY in almost its entire product. But
among all the Direct Competitors the most challenging competitors lies in vapi
itself like G. but as such no survey has been done to known the market share
of different dyeing houses.
Marketing mix is the policy adopted by the manufacturers to get success in the
field of marketing. Those days, when goods were matched with the market have
gone. Marketing mix is the term used to describe the combination of 4 inputs
which constitute the core of companys marketing system the product, the
price structure, the promotional activities and the distribution (place) system.
These are popularly known as, 4ps.
A brief description of four elements of marketing mix of joy :
29
Product
Promotio
Marketing
mix
Price
Place
Product
A product is anything that can be offered to a market that might satisfy a want
or need JOY produce 100% polyester, P.V. & P.C. fabrics for its customer.
Other companies do not have so large range of product width and length. JOY
produces more qualitative products than the competitors. JOY also research
and produce new dyeing and patent them. Such disperse dyeing, reactive
dyeing, vat dyeing, and double dyeing (disperse + reactive).
Price
The marked or announced amount of money asked from a buyer is known as
basic price of a product. JOY use value pricing method for its products. In this
method, JOY charging fairly low price for highly qualitative product, which
its competitor cannot done. JOY charged low price than its competitors because
JOY less expense in promotional activity and for distribution. JOY charged low
price and its main objective is provide TO 100% polyester, p.v. & p.c.fabrics.
Promotion
Marketing communication consist of communication marketing activities
through various forms of promotion that is personal selling, advertising,
publicity and public relationship, sales promotion etc. together called
30
promotion mix JOY does not do more expenditure for promotional activities like
other companies JOY do zero level marketing than also JOY easily sale its
medicine and its dealer largely expand in all National & international level.
31
Place
Place means the decision by which company transfers their product, location,
inventory handling, warehousing, storage facility, transportation etc JOY is
located near the nation high way so it can transport and get material easily.
JOY has direct contect to exporter and customers than its competitors.
Competitors like MahaLaxmi, Chiripal Pvt. Ltd., DhanLaxmi Ltd. have not so
widely develop distribution network in Gujarat.
As seen earlier, in the current situation the greatest direct competitor of JOY
tends to be chiripal (Ahmadabad) thus; it would be better if comparisons were
made with respect to chiripal only. The comparisons of 5 Ps reveal several good
as well as some negative aspects of JOY thus, showing the fields where it can
improve itself and have a better market share for itself.
Price
Place
JOY
CHIRIPAL
Good
quality
with
higher
product
mix.
They believe in
use
of
new
technology
for
their product.
Comparatively
slightly
higher
then A
Vapi
Good quality
Slightly
then JOY
lower
Ahmadabad
32
Promotion
Spends
higher
comparatively
Packaging
(5th P)
More flexible
Large
variety
serves
it
indirectly
Flexible
33
PRICING POLICY
JOYS pricing policy depends on:
1. Manufacturing cost
2. Marginal cost
3. Competitor Rates
4. Competitor Quality
5. Market Requirement
6. Customer Focus
Advertisement
Advertising is any paid form of non-personal presentation of ideas, goods or
services by an identified sponsor. Advertisement is used to lay a foundation for
the sale by providing information on the company and its products and by
reaching unknown and inaccessible buying factors.
34
35
PRODUCTION
Professor William Graham of Yale University made the following statement
Wealth comes only from production. The meaning of production follows from
foregoing definition of wealth. With reference to goods we should say that
production is the fabrication of physical object through the use of men,
material and equipments whereas with reference to services it can be said,
Production is some discharge of the function which gives some utility.
Unfortunately many individual and organization continue to apply the term
production solely to the manufacturing activity. But a fairly recent ton is ton
substitute the word operations for production.
PRODUCTION MANAGEMENT
Both directly and indirectly management keeps a close watch over the
materials with the help of which people who are at work, accomplish their
assigned job and thus help in attaining the stated goals of the enterprise.
36
37
Production is the process of converting the raw materials and other inputs into
the products for further production or the finished goods or services so that
the utility of inputs is created or enhanced and the needs of the consumers are
satisfied. That is consumer goods, industrial goods, services of transport,
medical treatment, education, banking, post and telegraphs, insurance etc. so
in simple meaning the management of the production process is called as
production management.
It
It
It
It
38
39
PRODUCTION HOD
(Umesh Moraliya)
Shirt
`Dress
New Dyeing
Dyeing Master
Assistant Dyeing Master
Supervisor
Asst. Supervisor
Jet
Stenter
Padding
Drumming
Incharge
Operator
Helper
Jobber
40
41
In JOY normally production plan is prepared from the sales or demand for the
product of company. Starting point of production planning is dispatch
department. Dispatch department supply various products of JOY to the
dealers. From the information of dispatch department, production department
decides about manufacture various products as per requirement and for this
they prepare production plan.
42
43
Manpower planning
For achieving successful result of production planning, it is advisable to make
manpower planning in advance. In JOY first they decided how much labor
required producing desirable quantity. If there is shortage of manpower, they
hire casual or part time labor.
44
Inventory control
Since entire material requirement planning is done on the basis of production
plan, ultimately inventory level depends on accuracy of production plan. In this
industry, they use first in first out method for inventory control.
Bills of material
It is a database, which specifies relationship between raw material and
outputs. This document is necessary to convert production quantities of
finished products into requirements of various raw materials, parts,
components and sub assemblies.
46
In JOY POLYFAB the sales plan is prepared on the basis of last years sales.
Once, the reasonably accurate sales plan is prepared, the actual production
planning starts. Once the sales plan is prepared it is conveyed to the
availability of raw material, tools and resources required for the production.
Here the present stocks of finished goods are also taken in to consideration.
As soon as program form is received from the planning department, the various
materials in the stock are checked by the production department head. He then
breaks the final requirement into various raw materials. He ensure the
availability of various raw materials which are required plan is prepared, the
present stock level of raw material is also taken into consideration.
There after, the list of unavailable raw materials which are required in the
production of final product is prepared and it is sent to the purchase
department.
On the basis of this list sent by the production department, the purchase
carries out its further planning and prepares purchase plan out of it.
47
48
The points for which the decision of plant location is taken are as follows:
New business
Expansion not possible at the same site
Economic factor (land cost of old factory becomes high so by selling
it owner get large economic benefit)
Expansion opportunities needs more branches
Sudden development because of natural calamities
Special circumstances
The main objective of JOY is to maximize the profit through the minimize cost
of production. This objective can be achieved only when the plant is at the right
place where all kinds of production facilities are available.
Cost of land
Taxes liberalization
Government other incentives
Nature of production operation
50
PROCESS LAYOUT
In JOY, the plat lay-out is process type of plant lay-out. This company
manufactures many products on continuous bases and machines are for
special purpose. In this lay-out the machines or facilities are arrange sequence
of an operations require by a particular product.
51
A process is a group of related tasks with specific inputs and output. Processes
exist to create value for the customer, the shareholder, or society. Process
design defines what tasks need to be done and how they are to be coordinated
among functions, people and organizations. A process design depends on the
type of production system the company wants to follow. JOY POLYFAB has a
combination of two types of production systems.
52
i.
ii.
Once the process system has been formed, now production design can be
discussed. As the company doesnt produce a single product it must adopt a
layout in which the maximum products can be created with minimum changes
in the layout. Hence the company created a layout for itself in which the
company needed to change only its material input and the duration of
processing them but not any change in the pattern of machinery usage or the
usage of any extra machinery.
53
PRODUCTION PROCESS
GREY
STITCHING
WASHING
STANTER
(Finishing)
ssssSTANTERSTA
NTER(fINISHING
FOLDING
(Checking)
ssssSTANTERSTA
NTER(fINISHING
PACKING
54
DISPATCHING
55
JET
On jet fabric that is on the grey stage or after drumming is scoured, bleached
and white or dyed. Jet is
1. A machine for dyeing fabric in rope form in which the fabric is carried through
a narrow throat by dye-liquor circulated at a high velocity.
2. A machine for dyeing garments in which the garments are circulated by jets of
liquid rather by mechanical means.
Scouring, an operation to remove the sizing and tint used on the warp yarn in
weaving and, in general, to clean the fabric prior to dying. Mostly 70 to 80 %
fabric required jet process. Very delicate quality of fabric like nylon does not go
on jet.
JET MACHINE
HORIZONTAL JET
VERTICAL JET
56
CHEMICAL: For Scouring and bleaching chemical are required and for
whitening process white R is used.
E.g. dani - 6 kgs 200gms
Basic temperature 1200C and whole time is 30 minute. Rate of rise 0.50C to 10C
per minute.
Vertical and horizontal type of machine differ in water liquor quantity, process
will be different that is results will differ, color chemical consumption also
differ.
For quantity like laser that require highly weight reduction process for that a
latest machine called Sofleena is used. For shiffon-based cloths, which require
more wrinkle effects, horizontal jet machine is required costing is less in
vertical jet and it requires less water liquor ratio and chemical. Companies like
Sridhar, Devrekha, Sun Engineering etc manufacture jet machine.
STENTER
After washing process the fabric is again comes on stenter machine for
finishing process. The finishing is done for getting soft and stiff feeling. Using
finishing chemical at particular temperature and speed does finishing.
Chemical like ultra soft, lax soft is used for getting soft finishing on Dani type
of fabric.
For chemical application mangle device is required which is one part of stenter
machine. Mangle is one type of roll through which fabric is passed so that it
gets chemical penetration for finishing effects. A machine whose purpose is to
express liquid from moving textile by passage through a nip. The textile may be
in rope from or in open width, and the mangle may consist of two or more
rollers (bowls) running in contact.
59
PADDING
Dyeing station & color spreader: when the grey reaches dyeing station one
person continuously spreads & pours color to the color spreaders, which
further spreads it on the cloth.
60
61
UTILITY
Utility department is what a respiratory system is to a human body. Without
utility the plant cannot operate. It includes EFFLUNT TRETMENT PLAN (ETP),
DM WATER, SOFT WATER PLANT, AIR COOLING UNIT, N2 PLANT, POWER
GENERATOR PLANT, COOLING TOWER, BOILERES, AIR COMPRESSOR,
DISSICANT DRYER and CHILLERS.
SOFT WATER PLANT: Soft water is essentially free from carbonates and
sulphates. This plant mainly consist of an activated carbon filter in which
carbon beads with sand are packed in a tower through which the raw water is
pumped, this carbon essentially absorbs any undisclosed solids, impurities
from the water. The soft water is used for drinking purposes dyeing
preparation.
POWER GENERATION PLANT: The plant uses of diesel generator each of 1800
KV. These generators are used to generate power in the plant. Modern petrifies
takes only 5% of the electricity from the government rest is generated by these
diesel generator sets.
AIR COOLING SYSTEM: The unit supply conditioned air for auxiliary area. It
consists of six AHU (air handling unit) each unit consists of chilled water
control loop piping. Supply air fan, filter of 25 micro size, cooling coil, and
supply and return ducting & dampers, exhaust fan.
COOLING TOWER: It is natural draft cooling tower of cross flow type. The
purpose of cooling tower is to supply cool water to in chillers, compressors,
62
dryers for the process, plant in poly and spinning department at required
pressure and temp.
BOILERS: This plant uses three boilers to supply steam at different pressure
for process requirement. It supplies generated steam to poly department,
spinning department, dyeing.
63
Platform Truck
64
65
Electric Stacker
Drum-Trolley
66
Luggage trolley
67
JOY used only solid and liquid raw material. So we can classify the material
handling equipments of JOY in following basis:
68
69
% OF TOTAL VALUE
%OFTOTAL
QUANTITY
70
10
25
35
70
55
71
B-CLASS
C-CLASS
Acrylic Dyes
FeSO4
Hydro
Stain Remover
Setting Handle
Caustic
Lime(Soda ash)
FSN ANALYSIS:
F: means fast moving items
S: means slow moving items
N: means non-moving items
FAST
SLOW
NON-MOVING
Citric Acid
No item is there
which
is
nonmoving
Acetic Acid
Golden Yellow
GG
Brasso Solution
Navy Blue 3G
Pure NID
VED ANALYSIS:
V: Vital items
E: Essential items
D: desirable items
VITAL
ESSENTIAL
DESIRABLE
72
Bearing
Oil
Sponge
Electronic
parts
Lubricants
conveyer
QUALITY CONTROL
We understand that consistently delivering quality products is the only way to
earn the trust and respect of the global community. At Joy, commitment
towards quality is ever present right from the development to the procurement
of raw materials to the dyeing and finishing of the fabric.
The raw materials produced are always of the highest quality and from reputed
vendors. These are meticulously inspected for any flaws by our quality
managers. The Quality Control Team is omnipresent at every stage of the
production to ensure that the goods manufactured are of the highest possible
quality standards as demanded by the international customers.
Our extra push on the Quality Control enables us to produce world class
suiting and sheeting fabrics. We are especially renowned for the whiteness of
our fabrics.
73
FINANCIAL MANAGEMENT
74
In order to maintain a sound financial position of the firm, each and every
company must maintain a sound working capital system and must also follow a
budgetary policy, but the company must have sufficient funds for it earlier, else
it wont be in a position to work out the customers need/requirements.
MANAGER
COLLECTION
OFFICER
ACCOUNTANTS
LEGAL ADVISOR
TAX CONSULTANTS
BUGDETING
As the expenditure is of large amount and it is planed in advance, the plan is
known as capital budget. The process of taking decision of which asset is to
be purchased and how to spent funds for this purpose is called capital
budgeting.
Capital budgeting decision may be defined the firm decision to invest its
current funds efficiently in the long run activities and in anticipation of an
expected flow of future benefits over series of year.
75
In this whenever the new machinery is installed, so at that time the process of
budgeting prepares all the future plans. There are many parts where huge
investment is to be done and many times happen that profit is done, so all the
investment is to be calculated because if any changes has to made then it can
be done easily., every time budgeting works under the future estimation and
condition prevailing that time.
76
Working capital as a concept means the total of gross current assets of a firm,
employed in its operations. This is a going concern concept, as the
management of these assets is necessary for day-to-day operations. As per
another school of thought, net working capital is more relevant and it means
the excess of current assets over current liabilities. The working capital
management thus involves the management of both current assets and current
liabilities.
The goal of finance manager is optimization of value of the firm, which can be
achieved by maximization of profits and minimization of costs. Maintaining the
optimal level of working capital funds is necessary for this objective. The
finance manager has to keep various alternative contingency plans for meeting
the deficiency in the requirements and line up alternative avenues of using the
excess funds, if there is a surplus. This particular temporary component is
thus crux of working capital management.
PERTICULER
2007
2008
2009
CURRENT
ASSETS
33,549,740
32,949,546
35,986,495
CURRENT
LIABILITES
28,446,319
24,852,465
27,075,007
WORKING
CAPITAL
5,103,421
8,097,081
8911458
77
78
Accounting policies are various accounting basic rules that are followed by an
organization/company. Each selects certain set of rules that it finds suitable
for itself and follows them. During auditing of the accounts, the company to the
auditor specifies these rules and hence they are noted at the end of the audited
report.
The policy Followed by JOY are:
1. Accounting Convention: The financial statement is prepared under the
historical cost convention in accordance with generally accepted accounting
practices. All items of material nature as regards financial statements have
been accounted ongoing concern less and accrual basis.
2. Fixed assets: Fixed assets have been started at cost plus all expenses directly
related to bring the assets into working condition less depreciation on DBM.
3. Inventories: Inventories have been value at cost.
4. Previous year figures are rearranged whenever to make them comparable with
the current years figure.
79
80
CALCULATION OF DEPRECIATION
At some point of time, assets become useless and are disposed off and possibly
replaced. The economic potential so consumed represents the expired cost of
these assets and must be recovered from the revenue of the business in order
to determine the income earned by the business. Depreciation may, therefore,
be defined as that portion of the cost of the asset that is deducted from revenue
for assets services used in the operation of a business.
5. Annuity method.
6. Depreciation fund method.
7. Insurance policy method, etc.
82
Common size financial statements are those in which figures reported are
converted into percentage to some common base. In profit and loss account,
sales figure is assumed to be equal to 100 and all other figures are expressed
as percentage of sales. Similarly in balance sheet the total of assets or liabilities
is taken to be equal to 100 and all the figures are expressed as percentage of
the total. The statements so prepared are called common size statement.
TREND ANALYSIS
In simple words, trend means any general tendency. Analysis of these general
tendencies is called trend analysis. In interpretation of financial statements,
trends analysis has major importance. The main purpose of trend analysis is to
know the trend of available financial data. With the help of this analysis,
forecasting of future trend can be done easily.
83
84
PRESONNEL MANAGEMENT
Personnel management is the planning, organization, directing, and
controlling of the procurement, development, compensation, maintenance, &
separation of human resources to the end that individual. Organizational and
societal objectives are accomplished.
The purpose of the entire activity outline above, both managerial and operative
is to assist in the accomplishment of basic objectives. Consequently, the
starting point of personnel management, as of all management, must be a
specification of the objectives and the determination of the sub-objectives of
the personnel function.
85
86
MANAGING DIRECTOR
Production
Marketing
Customer
Relationiio
Collection
& Payment
n
Production
manager
Maintenance
Purchase
Store
Keepin
Purchase
g
Assi.Manager
Finance
Purchase
Store
Keepin
g
Assi.Manager
Insurance
Time
Keeping
Account
Banking
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Human resources planning may be defined as, the process of forecasting the
future manpower requirement, analyzing the present manpower resources to
determine their adequacy both quantitatively and qualitatively and planning,
the necessary programs of recruitment, selection, training, development,
motivation and compensation to meet the future manpower requirements.
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In JOY POLYFAB the human resources planning is gives due importance. There
are various role performed by the manager:As staff advisor: The personnel manager of the company performs the of the
staff official and specialist advisor by assisting and advising line managers on
all personnel matters.
As counselor: The personnel manager of the company act as the counselor by
attending the mental, physical and career problems of employees and giving
them appropriate advice.
As mediator: He acts as a mediator between labor and management, one
individual and another individual, to settle disputes between them.
As conscience role: He also reminds the management of its moral and ethical
obligation towards employees.
As problem solver: He acts as a problem solver in respect of issues involving
human resource management and overall long range organizational planning.
As change agent: He acts as a change agent with respect to the introduction of
major institutional changes.
RECRUITMENT
Contractors
Past applicants
Employees recommendation
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Through above mention sources the company gets application. After that Mr.
Ramesh patel with respective HOD weed out the unsuitable candidates.
INDUCTION
JOB DESCRIPTION
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It is a factual and organized statement describing the job in terms of its title,
location, duties, and responsibilities, working conditions, hazards and
relationship with other jobs. It tells us what is to be done, how it is to be done
and why. The main object of a job description is to differentiate it from other
jobs and to set out its outer limits.
Technical dyeing technicians work out the chemical recipes for dyes and decide
on the correct treatment for different sorts of fabrics. The fabric may need a
special finish such as waterproofing and the technician will need to work out if
it will affect the dyeing process. They carry out tests to ensure that the color
matches exactly, that the fabric takes the dye, is colorfast and will not fade or
run when washed.
Technicians adjust the make-up of the and change the machine setting if
necessary. They supervisor the dyeing process, keeping on the operatives and
the machines. They keep detailed records of dye recipes and processes so that
problems can be traced necessary.
WORKER
JOY dyeing house is light and spacious with good ventilation but the
atmosphere may still be humid. When in the dyeing area, they wear protective
clothing including overalls and safety footwear, and possibly headgear and a
mask.
Technicians also work in laboratories carrying out tests, and at a desk writing
reports or recording details on computer. A great deal of their time is spent
standing, supervising both machinery and operatives, or walking around the
processing area.
JOB SPECIFICATION
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DYEING TECHNICIAN
WORKER
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PERFORMANCE APRRAISAL
JOY POLYFAB majorly follows a casual appraisal method. The company doesnt
follows any systematic means for performance appraisal but on basis of the
worker performance JOY POLYFAB appraisal it worker & staff. HOD or
immediate supervisor solves the problem directly.
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EMPLOYEE WELFARE
The various welfare services that is done by JOY POLYFAB can be divided into
two broad categories, namely: (a) Intra mutual and (b) Extra mutual. Some the
intra mutual and extra mutual services provided by the organization are:
Transportation
Communication facility
Security
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Provide employment
Effective waste disposal system
Effective use of resources of society
To provide an evidence of what has taken place in the organization.
To supply information required for taking personnel decisions.
To provide a basis for the formulation, evaluation and modification of
personnel and program.
To meet statutory obligations under various labor laws.
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On job training is training is training in which pharmacy and its members are
help and provide guidance, if there is any difficulty in any work.
Development is the process of transition of an employee from a lower level of
ability, skills and knowledge to that of higher level. Pharmacy also run program
of development periodically. Pharmacy tries to develop new skills, techniques
and personality of their employees.
TRAINING
Training is the process of increasing the knowledge and skill for doing a
particular job. It is an organized procedure by which people learn knowledge
and skill for a define purpose. The purpose of training is basically to bridge the
gap between job requirements and present competence of an employee.
Training is aimed at improving the behavior and performance of a person. It is
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Individual skills are synchronized with the corporate objectives and this makes
it possible for common people to attain uncommon results. Extensive training,
workshops, seminars are organized for administrative staff & workers by JOY
POLYFAB.
on the job training is give for production site which include:
For Boiler: 6 month training is given for boiler.
MOTIVATIONAL POLICY
Cubin has defined motivation as follows: motivation is the complex forces
starting and keeping a person at work in an organization. Motivation is
something that moves the person to action, and continues him in the course of
action already initiated.
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FINDING
During my Project report at JOY, I have found that company going to fastest
growing export of fabrics with the strong global presence.
JOY has also efforts to provide the customer with the best possible quality at
the most competitive rates with a constant emphasis on innovation and
reliability.
I also find that the every stage of production to ensure that the goods
manufactured are of the highest possible quality standards as demanded by
the international customer.
In a company gives the best services to the workers so they are doing a work
better and maintain the co-ordination between workers and manager.
All the workers of the company doing work in a team work so the production
going fast.
I also find that the company or process going through systematically and stepby-steps so they are increase their capacity to produce per day production.
RECOMMENDATION
Company having one branch in vapi so they have to establish a new branch for
increasing their export business.
They also focus on that barriers which are affect to their expanded business.
(competitors, market demand and other factor.)
I suggest that the company are looking ahead to that the world business
scenario is now changing at a very fast pace with development of technology.
CONCLUSION
During the entire duration of training programmed, I learnt the success of ant
task lies in the root of the effective input. The task can never be accomplished
without team work and co-operation from others.
I also learnt gained some intellectual knowledge regarding the qualities that a
management should have in order to fulfill the companys requirements.
The effective and good management of the company has a very much
performance status and the overall performance of the company is rapidly
emerging as one of the fastest growing exporters of fabrics with a strong global
presence.
In overall period of training I got the good opportunity to study a well known
and reputed company like JOY which helped us in understanding how things
work in real life and what practical implication of our knowledge can be done.
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