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sumu.com.docx
sumu.com.docx
MILLS
CHAPTER 1
Internships are individualized and tailored to the needs and interests of each student in the
program. As part of the internship experience, students are expected to takean active role
in finding an appropriate internship for themselves. Many students pursue their own
contacts, however, information is available on Locating Internship Sites.
Internships for professional careers are similar to apprenticeships for trade and vocational
jobs. Although interns are typically college or university students, they can also be high
school students or post-graduate adults.
Generally, the internship works as an exchange of services for experience between the
student and his or her employer. Students exchange their cheap or free labor to gain
experience in a particular field. They can also use an internship to determine if they have
an interest in a particular career, create a network of contacts, or gain school credit. Some
interns also find permanent, paid employment with the companies in which they interned.
Thus, employers also benefit as experienced interns need little or no training when they
begin full-time regular employment.
Internships offer students a hands-on opportunity to work in their desired field. They
learn how their course of study applies to the real world and build a valuable experience
that makes them stronger candidates for jobs after graduation.
An internship may be either paid, unpaid or partially paid (in the form of a stipend).
1.2INDUSTRY PROFILE
The textile industry is primarily concerned with the design and production of yarn,
clothing, and their distribution. So in the textile business generally needs more
investment compared to the garment sector and it is an extremely automated area. It
comprises yarn manufacturing, fabric manufacturing and dyeing and finishing, and these
three functions could be carried out in integrated plants. On the other hand, the textile
sector suffers from the higher lead time as well as high investment cost, which results in
relatively large minimum orders.
The textile and clothing exchange the worldwide market is quick switching with the
scaling up if employments of materials in assorted ranges. Asian nations including Indian
assume a predominant part in the universal exchange of the worldwide market. China has
the real offer in material and garments exchange the worldwide market and so on. Both
Bangladesh and Hong Kong have a noteworthy offer .however India is still on the
rearward sitting arrangement itself. It is accounted for that Asian districts sends out a
large portion of material and clothing to Europe and North America and use and so on,
Asian nation are picking up in material exchange because of lower costs contrasted with
African, European and south American nations .according to the global textile and
apparel industry : vision 2015,world material and attire exchange is relied upon to
achieve US$805bn by 2015 from US650bn in 2010.at show couple of nation like
Bangladesh, Thailand, Cambodia ,Sri Lanka, Pakisthan contribute real offer in four
income of their nation from textile and clothing exchange, in spite of the fact that their
offer on the planet advertise is not extremely noteworthy.
Asian nations are confronting challenges in the worldwide market because of instability
in value, rising information cost, vitality emergency and absence of showcasing activity
/introduction and so forth also, activities should be made in the zone of research and
development ,skill development and capacity working of the business all in all. Industry
must be sought after driven mode.
The clothing or garment industry is a labor-oriented, low wage industry but a vibrant,
innovative sector, depending on the type of market segments upon which the industry
focuses. The high-end fashion sector is considered modern technology, with
comparatively well-paid workers and designers and a high degree of flexibility. There are
wide varieties of clothing types that the apparel manufacturers have to handle, which can
be broadly divided into two categories: outer clothing and inner clothing.
Manufacturers for this type of standard product market sector are mostly seen in
developing countries. For lower-to medium-priced products in the market, the
responsibility of the retailer has become more and more important in the organization of
the supply chain.
Chapter 2
ORGANISATION PROFILE
Sri Krishna Spinning and Weaving Mills Private Limited is a Private incorporated on 07
June 1950. It is classified as Non-govt company and is registered at Registrar of
Companies, Bangalore. Its authorized share capital is Rs. 10,000,000
Sri Krishna Spinning And Weaving Mills Private Limited's Annual General Meeting
(AGM) was last held on 29 September 2018 and as per records from Ministry of
Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2018.
Sri Krishna spinning &weaving mills ,the flagship company of their group, has been
pioneering innovation and is among the leading state –of-the-art, fully integrated textile
process houses in the country .Their world –class machinery soured from renowned
manufacturers across the globe enable us to increase our production and quality to meet
and exceed customer expectation. Their present production capacity is 24 million meters
of fabric per annum.
The company is led and managed by a highly professional management team which
brings years of cumulative industry experience and is the guiding force behind the
group’s unfaltering success and prosperity .from procurement to production and
marketing to delivery ,strict quality control is exercised by each team to ensure that they
deliver the best products to their customers at all times.
The yadalam group, one of India’s leading textile producers with a value –chain
extending from yearns to garments was established with a vision to grow through
integrity, commitment and excellence in quality .late sir yadalam S Gopalakrishna Settee,
the founder &visionary , began his illustrious journey in 1930 to establish what is today
amongst the most efficient textile company
From humble beginnings, the company has progressed to a turnover of 400cr and has set
its eyes on a target of 650cr in the next couple of years. We have achievedthese by
building a team of industry experienced professionals and technicians who have worked
tirelessly to bring the company where it is today.
Located at Bangalore, the hub of south India and spread over 30 acres, the group is a
pioneer in developing a large number of innovation to meet the ever changing
requirements of its customers. Our versatile production facilities are vertically integrated
from spinning to processing garmenting. Our facilities are equipped with the lattes
machinery to enhance capabilities and increase efficiency while producing the finest
quality of yarn, fabrics and apparels.
The company today managed by a second and third generation entrepreneurs who have a
vast experience to guide every decision of theirs. The company boasts of a professional
atmosphere where employees are handpicked to do what they do what they do best and
are trained to quickly adapt to any given situation and perform at their peak and that’s
what makes this group move forward confidently and successfully to new level.
From a modest 6 loom setup in 1930 to a fully integrated and modernized textile
manufacturing facility, we has swiftly embraced the changes in the textile industry
keeping pace with the evolving trends. The company is aiming at a production capacity
of 36 million meters of fabric per annum and is planning to put up a state of art garment
dyeing facility.
Their clients :
It has been a privilege to have associated with some of best brands across the world.
Their customer centric approach has been the foundation of our relationship with clients
and is deeply rooted in our focus to deliver high quality consistently and on time. Their
esteemed clients include a host of European and American companies. They are also
catering to the leading Indian brands the domestic market.
Vision:
We believe that the best way itensures profitability is by putting people and principal first
and foremost .a heritage of hard work.Integrity commitment and dedication has clearly
demonstrated that these character traits are the group’s path to long term success.
Mission:
The groups aim to achieve utmost customer satisfaction through excellence in quality
and timely delivery and to become a preferred partner to various and international
customers. Group is committed to cater to domestic and international markets and
become a world class textile organization. product to domestic and international
markets.
Quality control:
We are a quality conscious and customer focused company. The company has
implemented and adheres to strict compliance systems and standards in all areas of
personnel management and manufacturing process as per the international standards.
Our markets include Europe and America and it is our pride that the most coveted
domestic brands are our privileged customers. The merchandising and the marketing
teams starts the business flow and they are ably supported by the production team and
stringent system and checks are in place to ensure that precise customer requirements
are met.
They cater to leading domestic and global clients for a wide variety of fabrics .we pioneer
in developing a large number of shades and prints to meet the ever changing requirements
of our customers .our extensive product portfolio includes a wide range of high quality
fabrics .our wide and versatile production set –up produces fabrics ranging from top
weight voiles and cambric’s to very heavy bottom weights which are suited for trousers
and jackets. We are also extremely versatile in cotton lyre /spandex and rayon’s .we are
also versatile in various finishes like wrinkle free, water repellant etc.
They cater to leading domestic and global clients for a wide variety of fabrics. We
pioneer in developing a large number of shades and prints to meet the ever changing
requirement of our customers. Our extensive product portfolio includes a wide range of
high quality fabrics. Our wide and versatile production set-up produces fabrics ranging
from Top weight voiles and cambrics to very heavy.
Other products:
Providing you the best range of Cotton Garment with effective and timely
delivery
Infrastructure:
The capabilities of Sri Krishna Spinning And Weaving Mills Pvt.Ltd, has increased
by leaps and bounds over the last decade. The new millennium has ushered in an age of
technology, speed and precision which has redefined the feature of businesses in the ever
changing landscape of the textile industry and they are fully equipped with the latest
machines to meet these challenges. We ensure best optimization of resources across the
DEPARTMENT OF MBA/SJBIT Page 11
INTERNSHIP ON SRI KRISHNA SPINNING AND WEAVING
MILLS
production processes using machines that are best in class and have been acquired from
the most reputed manufacturers worldwide. Their team of managers, technicians and
work force are specially trained to run and maintain these machines.
Group Companies:
Sri Krishna spinning and weaving mills (p ) Ltd, the flagship textile company
of the group, is a modern integrated textile process house catering to
international and domestic markets.
Gopalakrishna textile mills (p) Ltd, is the cotton spinning unit equipped with
the world class, state -of-art machinery to produce quality cotton yarn for both
domestic and export markets.
Fab distributors, is the garment manufacturing arm which produces ready to
wear apparel for leading Indian and international brands.
Vikram traders is the marketing arm of sri Krishna spinning and weaving mills
(p) Ltd and supplies ready to cut fabric for both domestic and international
markets.
Together these companies offer a broad range of products including yarn, Fabric and
apparel with the aim and vision to match and exceed customer expectations.
Any person or entity which is a rival against another. In business,a company in the same
industry or a similar industry which offers a similar product or services. The presences of
one or more competitors can reduce the prices of goods services as the companies attempt
to gain larger market share. Competition also requires companies to becomes more
efficient in order to reduce costs.
Various competitors of Sri Krishna Spinning and Weaving mills Pvt ltd are:
Vardhaman
Nahar
Bombay Fashion Ltd
Vandana Industries
Social Responsibilities
Being a self-conscious organization, they are committed to creating and sustaining eco-
friendly policies and practices, which respect their natural environment. We have
implemented a variety of initiatives to ensure we manage our impact on the environment.
The company was among the first to have installed an Effluent Treatment Plant in 1990
and have continuously upgraded to reach today’s standards and requirement. We do not
use any ground water for our industrial use. We are treating waste water and bringing it
to the required standards of industrial use.
STATUTORY PROFILE:
DIRECTORS PROFILE:
Directors of Sri Krishna Spinning And Weaving Mills Private Limited are Vikram
Dwarkanath Yadalam, Settymadhusudan Yadalamgopalakrishna, Vinay Madhusudan
Yadalam, Yadalam Dwarakanath Gopalakrishna Setty, Ramaswamy Iyengar Halli
Krishnaswam.
CHAPTER 3
3.1 McKinsey’s 7s framework with special reference to organization under study in Sri
Krishna Spinning And Weaving Mills:
This model can be applied to many situations and is a valuable tool when organizational
design is at question. The most common uses of the framework are:
Shared Values
Strategy Skills
Structure Style
Systems Staff
2. Structure – It refers to how the various business units are structured and how they
communicate with each other. A company’s structure may be centralized or decentralized
or may take many other forms depending on the company’s culture and values.
3. Systems – This includes a host of systems within an organization that define its
processes and routines. It includes performance appraisal system, financial systems, IT
systems etc.
4. Shared values – These are the core values of the company that connect all the other 6
factors. These are the fundamental ideas or guiding principles that lay the foundation of
businesses.
5. Skills – These define the core competencies of the employees. Some basic skills which
employees must have are leadership, communication management, time management and
team management etc.
6. Style – This spans the core beliefs, norms and management style in the organization.
7. Staff – It refers to the number and type of employees in the organization. It is very
important for an organization to manageits human capital to create competitive
advantage.
Structure:
The president has the sole authority in the organization .He provides
instructions to the executive director and the general manager who in turn provide
instructions to the lower level manager. It is the part for specialization and co-ordination.
It comprises of the basis organization of the company, its departments, reporting lines
areas of expertise, and responsibility (and how they inter-relate), and the way in which
the parts of a thing are arranged or organized.
The middle management consists of general manager. Among these departments the
general manager division is very large. It consists of many sections and subsections.
All sectional heads will communicate or report their sectional performance or activities
regularly to the general manager.
Skills:
The most important software for the success of any organization is the
skills of the employees and of the management . Sri Krishna Spinning and
Weaving Mills is having Highly skilled employees. The skills of the organization
are:
Style:
The style of the organization evident from the pattern of action takes by the
top management over a period of time and the reporting relationship. It is reflected in the
condition, norms rituals and action of an organization . Company following an
entrepreneurial , innovation and centralizes of management.
Shared values:
Strategy:
A strategy is a long term plan chosen deliberately and consciously after a
through analysis of the financial and external environment of the organization.
It refers to the plan formulated in response to or in anticipated of charges in
environment. It seeks to improve company’s competitive position.
System:
Systems are formal and informal procedures that govern everyday activity,
covering everything from management information systems, through to the point of
contact with the customer. Finance department is doing enough to properly plan and
control the funds. There is regular program verification.
systems are named according to the various factors, like- number of machines is used to
make a garment, machines layout, total number of operators or tailors involved to sew a
complete garment and number of pieces moving in a line during making a garment
Staff:
Is the asset to the company, it refers to the people working in an organization.
The company’s resources, people and how they are developed, trained and motivated.
The process of staffing includes various processes like recruitment and selection
procedures, training etc. It refers to how the people are developed, trained, socialized,
integrated, motivated and how the employee’s career is shaped in an organization.
The company id having qualified and skills staffs working together to achieve the
organizational. The company is covering its manufacturing activities with General
manager, production manager, supervisors and employees.
Porter's Five Forces is a business analysis model that helps to explain why different
industries are able to sustain different levels of profitability. The model was published in
Michael E. Porter's book, "Competitive Strategy: Techniques for Analyzing Industries
and Competitors" in 1980. The model is widely used to analyze the industry structure of a
company as well as its corporate strategy. Porter identified five undeniable forces that
play a part in shaping every market and industry in the world. The forces are frequently
used to measure competition intensity, attractiveness, and profitability of an industry or
market.
4.Threat of substitutes:
There are very few substitutes available for the products that are produced in the
industry in which Sri Krishna Spinning and Weaving Mills operates. The very
few substitutes that are available are also produced by low profit earning
industries.
The very few substitutes available are of high quality but are way more expensive.
Growth in online shopping.
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MILLS
CHAPTER 4
SWOT ANALYSIS
4.1 Introduction:
A SWOT analysis lists the good and bad things about the business, both from an internal
and external viewpoint, by identifying strengths, weaknesses, opportunities and threats.
1.Strength
Strong branding
Diversity in product
Large skilled / unskilled population
Low wages
Traditional in business
Good image
Ecological requirements
Quality of textile and fabric and production
Raw material is easily accessible
The industry has an added advantage of having numerous segments which help in
the provision of a huge variety of products.
The textile industry holds about 12% of the total export.
2.Weakness:
Low efficiency
Lower productivity
Lack of scale of economics
Exchange rates
Low level of managerial capabilities
There is a huge dependency of the industry on cotton
The power and interest rates and indirect taxes are high.
The mill segment is gradually declining
3. Opportunities:
New technology
Rising incomes
Spending power in domestic market
Value of labour
Women’s wear has a huge potential
Marketing of products in to a new market
DEPARTMENT OF MBA/SJBIT Page 25
INTERNSHIP ON SRI KRISHNA SPINNING AND WEAVING
MILLS
4. Threats:
Growing many industries
International industries
More competitions in market
Political instability
Price pressure
Lack of skilled personnel
Quick obsolesce of technology
Striking a balance between the quality and price product
Striking a balance between demand and supply
Removal of quota system will fluctuate the export demand
Satisfying the demands of people across the world at the same time, steadily
improving the quality of the products.
CHAPTER 5
BALANCE SHEET:
2.share application
3.non current liabilities
a.long term borrowings 4 48,575,597
b.defferred tax liabilities 5 3,006,807
e.longterem provisions 6 3,686,249
55,328,653
4.current liabilities
a.short term borrowings 7 110,621,585
b.trade payables 8 24,458,845
c.other current liabilities 9 13,248,598
d.Short term provisions 10 415,162
148,744,190
TOTAL 215,239,700
2 Assets
1.non current assets
a.fixed assets
1.tangible assets 11 84,527,268
2.intangible assets
b.non current investments 12 100,000
c.defferred tax assets, (net)
d.long term loans and advances 13 425,230
85,052,498
2.current assets 14 69,747,317
a.inventories 15 72,187,541
b.trade receivables 16 8,530,634
c.short term loans and advances 17 3,483,89
d.other current assets 18 49,120,638
TOTAL 215,239,700
BALANCESHEET
SL NO PARTICULARS NOTE NO
1. Equity and liabilities
1.share holders funds
a.share capital 2 15,600,000
b.reseves and surplus 3 4,484,230
20,084,230
2.share application
3.non current liabilities
a.long term borrowings 4 36,738,437
b.defferred tax liabilities 5
e.longterem provisions 6 5,558,360
42,296,797
4.current liabilities
a.short term borrowings 7 104,706,159
b.trade payables 8 27,230,041
c.other current liabilities 9 12,139,469
d.Short term provisions 10 1,332,509
145,408,178
TOTAL 207,789,205
2. Assets
1.non current assets
a.fixed assets
1.tangible assets 11 68,026,692
2.intangible assets
b.non current investments 12 100,000
c.defferred tax assets, (net)
d.long term loans and advances 13 695,230
2.current assets 14
a.inventories 15 88,450,054
b.trade receivables 16 6,673,329
c.short term loans and 17 3,627,031
advances
d.other current assets 18 40216869
TOTAL 207,789,205
RATIOS:
The quantitative relation between two amounts showing the number of times one value
contains or is contained within the other.
CURRENT RATIO:
The current ratio is a liquidity ratio that measures a company's ability to pay short-term
obligations or those due within one year. It tells investors and analysts how a company
can maximize the current assets on its balance sheet to satisfy its current debt and other
payables.
To calculate the ratio, analysts compare a company's current assets to its current
liabilities.
Current liabilities
QUICK RATIO:
The quick ratio is a measure of how well a company can meet its short-term financial
liabilities. Also known as the acid test ratio , it can be calculated as follows: (cash +
Marketable Securities + Accounts Receivable) / Current Liabilities.
3.PROPRIETARY RATIO :
The proprietary ratio (also known as the equity ratio) is the proportion of shareholders'
equity to total assets, and as such provides a rough estimate of the amount of
capitalization currently used to support a business.
Total assets
Debt equity ratio = short term debt + long term debt + other fixed payments
Shareholders equity
Year Short term debt + Share holders equity Debt equity ratio
long term debt
2017 596,377,556 15,000,000 29.75
BIBLIOGRAPHY
WEBSITES:
WWW.srikrishnamills.com
WWW.ilo.org
WWW.labour.govt.
WWW.textileguide.chemsec.org