BUSINESS FAMILIARIZATION REPORT

ON

MYSORE POLYMERS AND RUBBER PRIVATE LIMITED

(MYPOL)

Under the guidance of,

Prof. D Anand,

Associate Professor,

B.N. Bahadur Institute of Management Sciences,

University of Mysore.

Business Familiarization Report submitted to the University of

Mysore in partial fulfilment of the requirements of III semester MBA
degree examinations 2024

B. N. Bahadur Institute of Management Sciences, University of

Mysore, Manasagangotri, Mysore - 570 006.
 BUSINESS FAMILIARIZATION REPORT
ON
MYSORE POLYMERS AND RUBBER PRIVATE LIMITED (MYPOL)

Submitted by,
Sanjay Kumar S (P01ZZ22M015201)
Shalini R (P01ZZ22M015212)
Shashank H R (P01ZZ22M015095)
Shashank M R (P01ZZ22M015173)
Shashank S Bharadwaj (P01ZZ22M015189)

Under the guidance of,

Prof. D Anand,
Associate Professor,
B.N. Bahadur Institute of Management Sciences,
University of Mysore.

Business Familiarization Report submitted to the University of Mysore in

partial fulfilment of the requirements of III semester MBA degree examinations
2024
B. N. Bahadur Institute of Management Sciences, University of Mysore,
Manasagangotri, Mysore - 570 006.
 B. N. BAHADUR INSTITUTE OF MANAGEMENT SCIENCES UNIVERSITY OF
MYSORE MANASAGANGOTHRI, MYSORE – 570 006

GUIDANCE CERTIFICATE

This Business Familiarization Report on “Mysore Polymers and Rubber Private Limited
(MYPOL)” is prepared by the following students under my guidance. This report is submitted
to the University of Mysore in partial fulfilment of the requirements of the III semester MBA
degree examinations 2024.
Team Members:
Name Reg. no
Sanjay Kumar S (P01ZZ22M015201)
Shalini R (P01ZZ22M015212)
Shashank H R (P01ZZ22M015095)
Shashank M R (P01ZZ22M015173)
Shashank S Bharadwaj (P01ZZ22M015189)

Date: April 2024 Prof. D Anand,

Place: Mysore Associate Professor
 DECLARATION

We hereby declare that this report titled ‘Mysore Polymers and Rubber Private Limited’ is
prepared by us and submitted to B. N. Bahadur Institute of Management Sciences, University
of Mysore. This report is an original work done by us under the guidance of Prof. D Anand,
B. N. Bahadur Institute of Management Sciences, University of Mysore.
The information compiled in this report is based on the data collected by us during our visits
to the Mysore Polymers and Rubber Private Limited, Mysore. This report has been prepared
by us in partial fulfilment of the requirement of the III semester MBA degree examinations of
the University of Mysore.
We also declare that this project report has not been submitted to any other institute or
university for any degree or diploma.

TEAM MEMBERS SIGNATURE

Sanjay Kumar S

Shalini R

Shashank H R

Shashank M R

Shashank S Bharadwaj
 ACKNOWLEDGEMENT

This report has been successfully completed and made possible by the guidance, assistance and
co-operation of many people whom we would like to express our gratitude to,
We express our sincere gratitude to, Prof. S.J. Manjunath, Chairman, B. N. Bahadur
Institute of Management Sciences, Mysore, for giving us the opportunity and the permission
to conduct this Business Familiarization Report at Mysore Polymers and Rubber Private
Limited, Mysore.
Our heartfelt gratitude to our guide, Prof. D Anand, B. N. Bahadur Institute of Management
Sciences, Mysore, for his support and valuable guidance throughout this project.
We extend our gratitude to Mr. T. Ramakrishna , Human Resource Manager, Mysore
Polymers and Rubber Private Limited, who co-ordinated and facilitated our visits to the factory
providing us with knowledgeable inputs and a memorable experience at the factory.
We also thank the various department heads and staff who took the time to address us and show
us the functioning of the factory. It is with immense pleasure that we acknowledge those who
have supported and been a guide to us to complete this project report successfully.

Sincerely,

Date: April 2024

Place: Mysore
 B. N. BAHADUR INSTITUTE OF MANAGEMENT SCIENCES UNIVERSITY OF
MYSORE MANASAGANGOTHRI, MYSORE – 570 006

CERTIFICATE

This is to certify that, Sanjay Kumar S (P01ZZ22M015166), Shalini R (P01ZZ22M015212),

Shashank H R (P01ZZ22M015095), Shashank M R (P01ZZ22M015173), Shashank S
Bharadwaj (P01ZZ22M015189) students of III semester MBA at B. N. Bahadur Institute of
Management Sciences, have prepared the Business Familiarization Report for “MYSORE
POLYMERS AND RUBBER PRIVATE LIMITED” in partial fulfilment of the requirements
for the award for the Post Graduate degree in Masters of Business Administration, University
of Mysore, during the academic year 2023-24.

Prof. S.J. Manjunath,

Chairman,
B.N. Bahadur Institute of
Management Sciences,
University of Mysore.
 INDEX
Executive Summary ………….………………………………………………. 01

Chapter 1 – INTRODUCTION

1.1 Introduction …………………………………………………………….….03

1.2 History ………………………………………………………………….….05
1.3 Company logo ……………………………………………………………..05
1.4 Vision Statement …………………………………………………………..06
1.5 Mission Statement …………………………………………………………06
1.6 Nature of Business ………………………………………………………...06

Chapter 2 - INDUSTRY PROFILE

2.1 Organisation profile …………………………….........................................08

2.2 Organisation structure ……………………………………………………..09
2.3 Work flow model…………………………………………………………..10
2.4 Product Profile...…………………………………………………………...12
2.5 Achievements and Awards………...……………………………………….19

Chapter 3 – ANALYSIS OF INDUSTRY

3.1 Industry in India ………………………………………………………….. 21

3.2 SWOT Analysis………………..…………………………………………...21
3.3 Porter’s five force model …………...……………………………………...24
3.4 McKinsey’s 7 frame model……………………………………………...…26
3.5 Future growth prospects …………………………………………………...31
3.6 Quality Control System …………………………………………………....32
 Chapter 4 – DEPARTMENTS

4.1 Human Resource ………………..………………………………………..35

4.2 Production Department …………………………………………………..37
4.3 Finance Department …………….………………………………………..38
4.4 Sales …………………………….………………………………………..39
4.5 Marketing ……………………….………………………………………..40
4.6 Analysis of Financial Statements ……………………………………….. 41

Chapter 5 – LEARNING EXPERIENCE

5.1 Learning Experience …………………………………………………….58

 EXECUTIVE SUMMARY

This executive summary provides a condensed overview of the insights gained during our
business familiarization visit to MYPOL (Mysore Polymers and Rubber Private Limited). The
visit aimed to provide us with a first-hand understanding of the company's operations,
management strategies, and industry dynamics.
Mysore Polymers and Rubber Private Limited is a prominent player in the polymers and rubber
industry, based in Mysore. With a rich history dating back to its establishment in 1981, the
company has established itself as a reliable manufacturer and supplier of high-quality polymer
and rubber products across various sectors.
The visit provided us with valuable insights into the company's operational processes,
including raw material sourcing, manufacturing techniques, quality control measures, and
distribution channels. Notably, the company showcased a commitment to adopting modern
technologies and sustainable practices to enhance efficiency and reduce environmental impact.
An integral part of the company's ethos is its commitment to corporate social responsibility.
Mysore Polymers actively engages in community development initiatives, environmental
conservation projects, and employee welfare programs, demonstrating its dedication to creating
positive social impact beyond its business operations.
During our visits, we were taught about the structure of the company and various departments
in the factory. The production process, roles and contributions of each department was
explained to us by respective heads which is outlined in this report.
The following report contains information we collected as a team about MYPOL as a
worldwide company, the industry analysis, the functioning of MYPOL Mysore and our
learnings through this experience.

1
 CHAPTER 1
INTRODUCTION

2
 1.1 INTRODUCTION TO MYPOL

The rubber industry stands as a cornerstone of modern manufacturing, intertwining innovation,

sustainability, and versatility to meet diverse global demands. With a rich history dating back
centuries, this dynamic sector has continually evolved, pioneering ground-breaking
technologies and applications across various domains, from automotive to healthcare. From the
tapping of natural rubber trees to the synthesis of advanced synthetic compounds, the industry's
breadth spans continents, driving economies and shaping everyday life. As environmental
consciousness and technological advancements propel the industry forward, its significance as
a fundamental component of countless products and processes remains unwavering, promising
a future defined by resilience, adaptability, and ingenuity.
Mysore Polymers & Rubber Products Pvt. Ltd.(MYPOL) , was started in the year 1981. The
company commenced its commercial production in the year 1982 it is a private limited
company. It has obtained ISO TS 16949 2009 certificate. The company maintains good
relationship with the customers by supplying quality products and services. The company has
also entered into the foreign market in the year 1994-1995 by exporting its products to EAST,
MIDDLE EAST AFRICA, and NORTH AMERCIA AND SOUTH AMERICA. MYPOL
ensures maximum utilization of available resources. The company believes in mainly
promoting from within and encourages its people to strive for higher management stability.

3
The setup also allows them to take advantage of common pool of technical and market talent
of the highest quality.
The MYPOL, conduct the activities operation for production of butyl inner tubes used in
automobiles and customized rubber products in an environment friendly manner preventing
pollution and protect natural environment. MYPOL is a company that manufacture a range of
rubber products for specialized and industrial needs like rubber to metal bonded products,
rubber to fabric bonded diaphragms and cater USA, Europe, South east Asian markets.
MYPOL is tightly integrated with own compounding mixing, testing and manufacturing
facilities maintaining product quality and dramatically shortening product development time.
And they have 13 branches which cater to more than 1500 dealers.

4
 1.2 HISTORY OF MYPOL

MYPOL and rubber products private limited, started on 13-02-1981. It is classified as non-
government company and it is registered companies in Bangalore. Its authorized capital is RS
120,100,000 and its paid-up capital is RS 46,428,352. It involved of rubber products. MYPOL
and rubber products private limited annual general meeting was 1st held on 02-09-2018 and as
per record from ministry of corporate affairs.
In the year 1981 a group specialized in rubber and polymer technology, engineering, marketing,
finance and management joined together and helps identified automotive butyl inner tubes as
the next wave of Indian tire and tubes industry. This was on the beginning of MYPOL
production started within a year 1982. The company focus on the two-wheeler market paid off.
Soon MYPOL gained a formidable reputation within the industry as a reliable supplier and
partner. Presently MYPOL manufactures butyl and chlorobutyl inner tubes for almost every
type of vehicle from 2 wheelers to large trucks and farm equipment, along with a range of
specialized technical rubber products for overseas market. Today MYPOL is the largest
manufacturer of high-quality butyl automotive inner tubes in India. The company is focused
on customer and it is success through its ceaseless attention to quality, innovation and lower
cost as well as operating with high standards of integrity.

1.3 COMPANY LOGO

5
 1.4 VISION STATEMENT

"Being a market leader in automotive in butyl rubber tubes for domestic and export marketing
and give a quality product and service to customer"

MYPOL’s vision is “Prosper by Quality Product and Services”.

Accordingly, its policy elements are:
 Customer orientation.
 Continual improvement of people, processes and products for enhanced performance
from time to time.
 Team work.
 Satisfaction of interested parties.

1.5 MISSION STATEMENT

MYPOL''s faith is prospered by quality, accordingly customer satisfaction, continuous

improvement of products, processes & team work govern it's operations."

Employees at MYPOL strives to live by this motto. This vision has resulted in a rock-solid
reputation for consistency, reliability & products that conform to national & international
standards.

1.6 NATURE OF BUSINESS:

MYPOL manufactures quality products and it caters to automotive segment with a range of
products. Tubes, injection, compression, transfer molded parts, Envelops and curing bags for
the retreading industry, rubber sheets and custom mixed compounds.
AREA OF OPERATION: they cater to critical rubber products requirements from across the
words. MYPOL exports to more than 20 countries including the United States, Germany and
Holland.

6
 CHAPTER 2
INDUSTRY PROFILE

7
 2.1 ORGANISATION PROFILE

NAME Mysore polymers (MYPOL) and rubber

products private limited
INDUSTRY Motor vehicle manufacturing
STARTED 13-02-1981
FOUNDED 1982
ADDRESS KRS ROAD, METAGALLI , MYSURU,
KARNATAKA -570016

OFFICE TIMINGS 9-5

WORKING DAYS 6
PHONE NUMBER 08216643000
TYPE PRIVATE LTD.
HEAD QUARTER MYSURU, KARNATAKA
SPECILITIES Technical rubber products, Automotive rubber
products, Custom rubber mixing, Specialty
rubber sheets, Tyre curing bladders
BRANCHES 13
WEBSITE http://www.mypol.com

PRIVATE COMPANY OWNERSHIP PATTERN:

C.D Nagarajan Chairman and managing director

S.R Parathasarathy Joint managing director

C. Raghunathan Director

G. Santhanam Director

M. Sampath Kumar Technical managing director

Prof. Narayana Deputy managing director

Prof. Shridharan Consultant

8
 2.2 ORGANISATION STRUCTURE

Organizational structure determines how information flows from level to level within the
company. In a centralized structure, decisions flow from the top down.

MYPOL has a tall organization structure that usually pyramid shaped and it is functional
structure. They have adopted because explicit and implicit institutional rules and provide work
roles and responsibilities and control the whole organization. The organization structure also
determines how information flows to level to level within the company.

And helps to take decision from top management to low management

this implies centralization of authority at top, departmentalization of jobs, hierarchy of
common, narrow span and intense division labour and it will provide a clear and well-defined
work setting to its employees and this functional structure will help to run the business in
smooth way.
The MYPOL is headed by the managing director. The top management takes a decision relating
to the growth and profitability of the company. But before taking decision the top management
will consult the lower-level functional level manager. The following figure shows the
organization structure of the company.

9
 2.3 WORK FLOW MODEL

MASTER FINAL
STRAINING EXTRUSION
BATCH MIXING

VALUE FUSING
PRE-CUT VALUE HOLE
APPLICATION SPLICING, PUNCHING
,

FINAL
CHILLING SHAPPING CURING
INSPECTION

DISPATCH PACKING VALUE

INSPECTION
BENDING &
ACCESSORIES

 MASTER BATCH:
It is a mixing stage of all raw materials used for producing tables and other products, the main
materials are butyl, carbonic, chemical, resin carbon, powder. They are mixed as per the
standards.

 STRAINING:
In this stage cleaning is done to make material dust free using strainer.

 FINAL MIXING:
In this stage proper mixing of all raw materials is done and sheeted out.

10
 EXTRUTION:
The strained compounded is loaded in an extended to extrude tube and passed through
conveyor in chilled water.

 VALUE HONE PUNCHING:

After extrude the tubes are passes through the value hone punching machine it makes value
hone.

 PRE-CUT:
Here tubes are cut in required size and shape.

 SPLICING FUSION AND PAINTING:

Here joining the cuffing edges if tubes and painting joint area is done.

 VALUE APPLICATION:
Here value is applied to tube at value hone point.

 CHILLING:
Once the value is fixed to tubes are passes through chilled water.

 SHAPING AND CURING:

The tubes are pre-performing and raw tubes are steam cured in a specified mold placed in
presses.

 FINAL INSPECTION:
In this stage tube testing is done. If the tube is as per required standard then it is sent to the
accessories fixing else it is sent to repair, if the tubes are repairable, they will make repair
otherwise the tubes are treated as scrap.

 PACKING AND DISPATCHING:

This is final stage after fixing the accessories the tubes are packed in the bags and dispatched
to warehouse.

11
 INFRASTRUCTURE:

MYPOL compounded mixing laboratory, development, testing, and manufacturing facilities

are all tightly integrated. This not only improves product quality but also cuts product
production time in half. And also saves a lot cost for the company.
Inner tube manufacturing infrastructure is available and well maintained by the organization as
well as hydraulic presses for transfer and compression molding, and autoclaves. In a nutshell,
MYPOL can handle any rubber product manufacturing operation.
Company is having all the safety measures for the employees and having drinking water facility
and a hygienic canteen facility for the employee. There are various work shifts available so that
the workers will not for long time and did not get the demotivated from work.

2.4 PRODUCT PROFILE

Product profile of any company includes a combination of various products or various sizes of
the same product. Rigorous product and process development leads to streamlined production.
Mypol manufactures quality products… consistently. Continuous improvement & process
innovations keep them competitive and add value to all our customers.

AUTOMOTIVE PRODUCTS:
A. AUTOMOTIVE TUBES:

MYPOL is leading butyl tube manufactures. They supply in India to JK tires, CEAT, BKT,
ATG and they manufacture 40 different sizes every day. And they have installed capacity for
inner scooter to OTR sizes.
MYPOL also does robust replacement under the brand MYPOL. This product reaches our 1300
dealers and spread across the country through MYPOL sales team 13 branch offices.

12
B. MOULDED PARTS:

This automotive product at MYPOL have highly demand for automotive segment. With close
association with tier supplier to vehicle manufactures, MYPOL is adding to its product
portfolio by taking on challenging part development.
These parts are manufactured on state-of-the-art injection and compression molding machines.

C.RUBBER SHEETS:

This is the 3 products in automotive products, they manufacture rubber sheets for niche
demands in automotive segment. EPDM rubber sheet of 2mm thickness with special
requirement for surface finish and properties are manufactured in order to be exported to USA
AND CANADA.

13
D.RETHREADING ENVELOPES AND CURING BAGS:

It is the 4 products in automotive products. MYPOL’s retreading envelops and curing bags are
the benchmark of the industry. Their products have a reputation for consistent quality and
reliability across the unorganized, organized sectors and the state transport workshops.

2. INDUSTRIAL PRODUCTS:
A. INDUSTRIAL RUBBER PARTS:

The first product in the industrial product metal rubber bonding is the strength of MYPOL.
This rubber bonding needs precision environment and used to serve environment.

14
B. FRICTION LINERS AND EPDM STRIPS FOR CONVEYORS:

This
industrial product liners are rubber to metal bonded and made in segments to form a complete
drum. These liners are used in the cement industries, they are subjected to very severe abrasive
operating condition.

C.BELLOWS FOR X-RAY MACHINE:

It is the 3 products in the industry products, these bellows are manufactured for one of the
global leaders of medical x-ray machines. The pressure compensating bellows are immersed in
oil and are engineered to last entire life of the machine.

3.DEFENCE AND SPACE PRODUCT:

A. LINEAR BELLOWS:

The first product in the defense and space product. MYPOL technology has helped to cater
to the growing Indian defense and space industry. MYPOL engineered products with emphasis
on careful design and development has seen its products being used in application in satellites,
missiles, and defenses testing equipment. Most these products have been developed from

15
concept, working in close association and understanding applications, with defense and space
organization.

B. SUBMARINE SEALS:

It is the second product in the defense and space products, working closely with the Indian
navy and defense contractors, MYPOL has developed rubber products for submarine
application, MYPOL products for submarine applications. MYPOL products are in use in
Indian submarines engine components hatch sealing applications and torpedo testing
equipment.

4. CUSTOM MIXING:

Rubber mixing, and accordingly MYPOL is at the core of all rubber manufacturing. Their
mixing process has been developed and fine-tuned to meet the stringent specifications of tire
suppliers. Before a batch compounded is released. It is checked for conformance.
Butyl, EPDM, FKM, Nitrile, Neoprene, and other polymers are mixed in MYPOL. Only
compatible polymers are mixed designated machine.

16
5. ENVIRONMENTAL PRODUCTS:
A. WATER TREATMENT MEMBRANES:

Disc and diffuser membranes are manufactured using proprietary process which ensures
tailoring the product to meet varied customer requirements.

6. SAFETY PRODUCTS:
ELECTRICAL INSULATIN MATS:

Electrical safety is one of the most stringently regulated areas in safety regulation. MYPOL
manufactures electrical insulation mats conforming to IEC61111 standards for electrical safety
these mats are exported across the world for installation in industrial and utilities.
MYPOL CUSTOMERS:
 TRELLEBORG
 SCOGEN
 AUMUND
 RI-JAPAN
 SKANRAY
 JET KING
 MARUTI SUZUKI
 TATA MOTORS
 BAJAJ AUTO
 HERO HONDA
 MRF

17
MYPOL EXPORTS PRODUCT AND COMPOUNDS TO OVER 12 COUNTRIES
WORDWIDE. THEY ARE:

 CANADA
 MEXICO
 USA
 EUROPE
 ITALY
 SOUTH AFRICA
 PAKISTAN
 SRI LANKA
 CHINA
 SINGAPORE
 AUSTRALIA

MYPOL PRODUCTS APPLICATION:

 Heavy engineering
 Precision equipment
 Waste water treatment
 Automotive industry
 Defense and aerospace

MYPOL COMPETITORS:
Any industry will face competition on both a national and international level. Many of the
businesses make tubes out of natural rubber. And is a less expensive compound than butyl
rubber tubes, which are very expensive and imported rubber Following are the main
competitors of MYPOL
 JK industry
 Apollo
 Bal Krishna
 M.R.F
 Good year TVS
 Bridgestone

18
 2.5 ACHIVMENT AND AWARDS:

A company earns credibility by its past record and facts. MYPOL believes in fair business
practices, their successful relationship is based on transparency. Fulfilling commitments to
customer, suppliers, statutory bodies and financial institution have built a formidable reputation
for the company. This policy has served them well in the last 3 decades of existence and has
been recognized by various institutions. And they have maintained the relationship by
providing quality product and service.
Technical pacification ISO/ 16949, a certification essential to be include in the tender MYPOL
keeps pace with the changing industrial scenario timer and maintain edits presence in the
market as a reliable supplier total employee commitment to quality by maintaining high
standard in the business. It is an ISO 9000 organization and its quality system has been certified
conforming to requirement of ISO 9000-2000 by RWTUV in 1997 recertified in 2004 to ISO
9001-2000.

AWARD CATEGORY HOST

National award winner Innovation in polymeric Ministry of petrochemicals

products
The president of India award Best Entrepreneurship Government of India

The chief minister of Karnataka Karnataka’s best company Government of Karnataka

award

19
 CHAPTER 3
ANALYSIS OF INDUSTRY

20
3.1 OVERVIEW OF RUBBER AND POLYMERS INDUSTRY IN INDIA

The rubber and polymer industry in India constitute a vital segment of the nation's
manufacturing landscape, embodying a blend of tradition, innovation, and growth. India's
journey in rubber production traces back to its colonial history, with Kerala being a prominent
region for natural rubber cultivation. Today, the country boasts a robust rubber sector,
encompassing both natural and synthetic rubber production, along with a burgeoning polymer
industry.
In the natural rubber domain, India ranks among the world's top producers, leveraging its
tropical climate to cultivate rubber trees predominantly in Kerala, Tamil Nadu, Karnataka, and
the north-eastern states. The Rubber Board of India plays a pivotal role in regulating and
promoting the sustainable growth of the natural rubber sector, fostering research, development,
and best practices among farmers.
Simultaneously, India has witnessed significant advancements in synthetic rubber
manufacturing, with several petrochemical complexes producing a diverse range of synthetic
rubber variants to meet domestic demand and cater to export markets. The polymer industry,
closely intertwined with rubber production, has also flourished, capitalizing on India's growing
industrialization and consumer-driven economy.
Key applications of rubber and polymers in India span various sectors, including automotive,
infrastructure, healthcare, consumer goods, and agriculture. The automotive industry, in
particular, drives substantial demand for rubber and polymer products, ranging from tires and
hoses to seals and gaskets. Additionally, the construction sector relies heavily on polymer-
based materials for infrastructure development, while the healthcare industry depends on
specialized rubber products for medical devices and equipment.
Despite significant strides, the Indian rubber and polymer industry faces challenges such as
fluctuating raw material prices, technological gaps, environmental concerns, and global market
dynamics. However, proactive government policies, investment in research and development,
and collaborations with international partners offer avenues for growth and sustainability.

3.2 SWOT ANALYSIS

SWOT analysis is strategic planning tool to evaluate the strength, weakness, opportunities, and
Seats involved in projection business venture or in any other situation requiring on decision
SWOT analysis is a strategic planning technique used to help a person or ring on desi their
strength, weakness, opportunities and threats related to the business competition. And helps to
run the business smooth way and face the competition in the market and elision and helps
organization goal.

21
PURPOSE OF SWOT ANALYSIS
 To identify the strategies of the company
 To overcome the weakness of the company
 To avoid the future risk
 To face the completion
 Achieve the organization goal

STRENGTH:
Strength in SWOT analysis are the attributes within an organization that are considered to be
necessary for the ultimate success of the company strength are resources and capabilities that
can be used for the face competitive.
STRENGTH OF THE MYPOL COMPANY:
 Diversification to other rubber product
 Good two-wheeler inner tube production capacity
 Discipline in workers
 Quality maintains in the product
 Cordial relationship between union and management
 Focus on customer satisfaction
 Use the modern technology
 Focus on employee safety in work place

WEAKNESS:
Weakness is a limitation in one or more recourses or competencies relative to competitor a
weak internal communication system lack of funding and an inadequate number of materials.

22
It helps to identify the company weakness and helps to give the better performance in the
market.

WEAKNESS OF THE MYPOL COMPANY

 Educational qualification of the foreman lacking
 Increasing in price of the rubber
 Limitation in advertising
 Lack of marketing expertise
 More completion

OPPORTUNITIES:
Opportunities are classified as external elements that might be helpful in achieving the goals
set for the company. These factors could involve vendors who wish to work with the company
to help to achieve success, the positive perception of the company by the general public, and
market condition that could make the company to the segment of the market.

OPPORTUNITIES OF MYPOL COMPANY:

 Tremendous potential for expansion plan
 Up gradation of technology
 Demand for tube and other rubber products
 Expected growth in four-wheeler segments
 Create job opportunities
 Growing in market
 Customer loyalty

THREATS:
These external factors could gravely affect the success of the business venture. The possible
threats that are critical to the SOWT analysis include a negative public image. The possible
market for the lack of vendors who are able to supply raw material for the company.

THREATS OF MYPOL COMPANY:

 Tube less tyres
 Dependency on imported raw materials, the price of which is very high
 Huge competition
 Government policy.

23
 3.3 PORTER'S FIVE FORCES MODEL:
Porter's five force model that identifies and analyses five competitive forces that shape every
industry and helps determine an industry's weaknesses and strengths. Five forces analysis is
frequently used to identify an industry's structure to determine corporate strategy, Porter's
model can be applied to any segment of the economy to understand the level of competition
within the industry and enhance a company's term profitability.

1. THREAT OF SUBSTITUTES:
They have a huge competition and it is a big fear that face the completion but the MYPOL
company will ready to face the competitors by providing quality product and services and in
the future make sure that their product will available in the all product. So there ready to face
the competition.
Actually, MYPOL has very less substitute's products in market because MYPOL has very
strong suppliers and customers and they been very in market dominance with respect to quality
of the products. MYPOL produces number 1 quality rubber products as compare to other rubber
industries.
For example: MYPOL produces number 1 quality automotive tubes of different companies like
CEAT, MRF, JET KING, MYPOL, GOOD YEAR, BALA KRISHNA TYRE,ETC…

2.BARGANING POWER OF THE SUPPLIERS:

As MYPOL is the company that has been established with huge product portfolio and uses all
kinds of rubber in manufacturing different parts there will be no much effect of bargaining
power of the supplier as they will be providing additional quantity of raw materials.
They purchase raw materials and rubbers from different sources and they will always maintain
adequate inventory, so they don't have any barriers with supplier's chain.

24
BARGANING POWER OF SUPPLIERS:
 Limited competition.
 Large number of substitute inputs.
 Acquire dependence of vendor
3. BARGANING POWER OF THE BUYERS:
MYPOL is the company that all uses all kinds of rubber in manufacturing different parts in
very good quality there will be no much effect of bargaining power of the buyer as they will be
providing additional quantity of products. They not only produce their own brands, they also
produce other brands also. So, customers won't switch to other industry products.
BARGANING POWER OF THE BUYERS:
 Power of distribution channel.
 Large number of buyers.
 Product is very important to customer.
 Buyers have a high bargaining margin.

4.THREAT OF NEW ENTARANCE:

MYPOL facing threat from several new entrants like
 Kulkarni tyres and auto services. Pune-411038, India 411004, India
 Lokmanya auto centre. Pune 411004.
 Viswa maruthi tyres and tubes. Maharashtra -636705, India
 Ashok international. Jalandhar-144001, India
 Fair deal automobiles...
 Chadha tyres.
THREAT OF NEW ENTRANCE:
 Barriers of technology.
 High cost.
 Competition.
There is always a threat included in this market as the industry can be started by any local
players and they can replace the existing deals that any company has. So, I suggest MYPOL
adopt new technologies to produce tubes to provide competition in consistence level.
5. INDUSTRY RIVALRY EXISTING COMPITATOR:
 High competitors of similar products.
 Different cost structure.
 More competitors
There are many well established companies that have dealership with the rubber products
company and there is huge competition among them.
 Currently JK tyres manufacturing automotive tubes for their own tyres, so for the MYPOL
it is quite competitive.
25
 The advantage of MYPOL is, they have various customers widely, and they can overcome
with different like CEAT, JET king, MYPOL ETC...

3.4 MICKENSY'S 7S FRAME WORK AND PORTER, S FIVE FORCE

MODEL WITH SPECIAL REFERENCE TO ORGANIZATION
UNDER STUDY.

3.1 MICKENSY'S 7S FRAME WPRK:

INTRODUCTION:
The 7-S framework of McKinney's is a value Based Management (VBM) model that describes
how one can holistically and effectively organize a company. Together these factors determine
the way in which a corporate operates. The 75 framework first appeared in the "The art
Japanese management" by Richard Pascal and Anthony Athos in 1981. They been looking at
how Japanese industry had been so successful, at around the same time that tom Peters and
Robert waterman were exploring what made a company excellent. The 7 S models were born
at a meeting of four authors in 1978. It went on to appear in "In such of excellence" by Peters
and waterman and was taken up as a basic tool by the global management consultancy firm
McKinney's.
The McKinney's 7S model was named after a consulting company. McKinney's and company.
Which has conducted applied research in business and industry (Pascal & Athos, 1981; peters
& Waterman. 1982). All of the authors worked as consultants at McKinney's and company. In
the 1980 S. They used the model to analyse over 70 large organizations.
The McKinney's 7S Framework was created as a recognizable and easily remembered model
in business, the seven variables, which the authors term "levels" all begin with the letter "S".
The 7Sframework of McKinsey comprises of seven variables: style, structure, procedure,
framework, staff, shared qualities and aptitudes for an effective execution of a methodology,
huge or little. The procedure, the structure and the framework can be viewed as the
"Equipment" of accomplishment, while the style, aptitudes and shared qualities can be viewed
as the "Product" of the organizations, in which these delicate components are for the most part
more fruitful in methodology executions.
We can use the 7s model in wide verity of situation where it is useful to examine how the
various parts of organization work together.
For example: it is very helpful to improve the performance of the organization, to determine
the best way to implement a proposed the best way to implement a proposed strategy. The
frame work can be used to examine the likely effects of future changes in the organization, or
to align department and processes during the merger or acquisition.

26
1. STRATEGY:
It is the 1st s in 7 s it is perspective, plan and pattern. Strategy is the bridge between policy or
high order goals on the one hand and tactics or concrete actions on the other. Strategy and
tactics together straddle the gap ends and means. In short, strategy is a term that refers to a
complex web of thoughts, ideas, insights, experience, goals, expertise, memories, perception,
and expectations that provides general guidance for specific actions in pursuit of particular
ends. Strategy is at once the course we chart, the journey we imagine and, at the same time, it
is the course we steer, the trip we actually make even when we are embarking on a discovery,
with no particular destination in mind.

 PRICING STRATEGY:
The pricing strategy of MYPOL. Depends on the price fixed by other butyl tube manufactures
also the cost of production. This is very important in today's competitive market. Further the
price of the MYPOL productions is less compared to other leading manufactures
Marketing strategy, the company in order to remain has policy of giving gifts, key chains, etc.
to its customer and retains existing customers.
 ADVISEMENT STRATEGY:
The main strategy of MYPOL for the purpose the company believes in mainly promoting from
within the organization and there by encourages its people to strive for higher promoting from
stability. The setup also allows them to take the advantages of come for higher management
marketing talent of the highest quality.
 PRODUCTION STRATEGY:
Production may be considered to another important pillar among the company of any
manufacturing concern. This strategy important because any interruption in production process

27
affects the entire organization. So, organization has to ensure that there is smooth and
uninterrupted production of goods.
The MYPOL Company mainly focused on the quality in the product and it is there vision also
and companies the future manufacture wide ranges of tubes of different sizes and company will
ensure that maximum utilization of available resource. And they will use man power and
technical in manufacturing of the product.
The MYPOL Company have huge competition in the market because of the product quality
they have maintain the standards in the market and customer mind and they produce the product
according to customer needs and they will give the best services through product to the
customer

2. STRUCTURE:
Organizational structure determines how information flows from level to level within the
company. In a centralized structure, decisions flow from the top down.
MYPO has a tall organization structure that usually pyramid shaped and it is functional
structure. They have adopted because explicit and implicit institutional rules and provide work
roles and responsibilities and control the whole organization. The organization structure also
determines how information flows to level to level within the company. And helps to take
decision from top management to low management
This implies centralization of authority at top, departmentalization of jobs, hierarchy of
common, narrow span and intense division labour and it will provide a clear and well-defined
work setting to its employees and this functional structure will help to run the business in
smooth way.
The MYPOL is headed by the managing director. The top management takes a decision relating
to the growth and profitability of the company. But before taking decision the top management
will consult the lower level functional level manager. The following figure shows the
organization structure of the company.

3.SYSTEM:
A set of derailed methods, procedures, and routines established or formulated to carry out a
specific activity, performance duty, or solve a problem.
System is defined as a processes that links and orders activities to enable work to be done and
goals to be achieved System in simple words is the formal and informal work to be done and
completion system, management information system and capital allocation system that govern
everyday activity.
MYPOL has an adequate system of internal control designed to provide reasonable assurance
on the achievement of the objectives relating to effectiveness of operation, reliability of
operation, reliability of financial reporting. There is a system compliance to follow rules and
regulation and for safeguard assets.

28
Some of the system followed by MYPOL is as follows:
➤ Quality control system

➤ Management information system

➤Inventory control system

➤ 5s system

➤ Performance measurement system

Environmental policy:
 They at MYPOL conduct our activates/operations for production of butyl inner tubes
used in automobiles and customized rubber products, in an environmentally friendly
manner, preventing pollution natural environmental and bio- diversity.
 Compliance to applicable legal and regulatory requirement to which it subscribes.
 Conservation of energy, minimization of waste and support to internalizing
environmental awareness in its employees
 Continuous improvements of EMS performance.
 This policy is made available to interested parties.

MANAGEMENT INFORMATION SYSTEM:

Implementation of computer has information flow fast and reliable, the information is versatile.
MYPOL has good backup system, the company adopted ERP package known as SAP. The
software that has been developed by MYPOL includes financial package, material accounting
package, finished goods package etc. which are used for processing the information.
PERFORMANCE MEASUREMENT SYSTEM:
Performance appraisal is necessary for grading the employees. In MYPOL the head of the
concerned department normally does performance appraisal is made through ranking method.
INVENTORY CONTROL SYSTEM:
Inventory is one of the factors, which determines the capital of the firm So MYPOL adopted
the FIFO method of inventory valuation system.

4. STYLE:
Style is one of the seven levels, which top managers can use to bring out organization change.
Organization differs from each to others in their style of working in an organization, according
7s frame work becomes evidently through the pattern of actions taken by the emphasized by
members of the top management trend to given more attention by people down in organization.
In MYPOL, the representatives of workers take active participation in all managerial activities
where the interests of the employees are involved. The day to day decisions are taken by the
functional heads.

29
The management of MYPOL is employee oriented. They receive the feedback from the
workers and decide on the change in strategies. The working of the management is democratic
in fie.
5. STAFF:
Staff refers to the number and types of personnel with organization and how companies develop
employees and shape basic values. The staff is all about their general capabilities.
The MYPOL Company is accommodating various employees, they comprise of staff, workers
and trainers. The people in organization and very dedicated and work towards the improvement
of the organization. The company started is operation with 256 employees at present 1132
employees.
6.SKIILS
The term skill refers to the capabilities that exist within the company. What it does best. Skills
refer to the dominant distinctive capabilities of the personnel or of the organization or of
organization as a whole. The MYPOL Company will mainly focus on the technical skill and it
most important in Manufacture Company so MYPOL Company will mainly focus on technical
skills and human skills.

TECHNICAL SKILLS
A technical skill refers to the ability and knowledge in using the equipment of the technique
and procedure involved in performing specific tasks at MYPOL industry ltd. Employees, both
supervisors and workers, working in all production related departments possess the technical
skill such as engineering skills, computer skills etc. which are needed to handed work, related
tools, machine and equipment.

HUMAN SKILLS:
Human skills involve the ability to work well with other people both individually and in group
because manager's deal directly with people, this skill is crucial managers with good human
skills are able to get the best out of their people. They know how to communicate, motivate,
lead, and inspire enthusiasm and trust. This skill is equally important low-level management,
middle level management and top-level management.
The MYPOL employees are expected to have human skill so that they can work cooperatively
with one another and build effective teams.
The actual skills and competences of the employees working for the company. The organization
selects and assigns personnel performing work affecting product quality based on appropriate
education skills and experience. The organizations have also a system to assess the
competences of its personnel on periodic basis to identify gap in the performance.

30
7. SHARED VALUES:
CORPORATE SOCIAL RESPONSIBILITIES
Environmental Policy MYPOL conducts its operations in an environment friendly manner.
Compliance to applicable legal and regulatory environmental requirements to which it
subscribes Commitment to continual improvement of environmental performance and
prevention of pollution. Conservation of energy, minimization of wastes and support to
environmental awareness among its employees, Available to public on Request Inclusion of
environmental aspects in its management system. Learning from better practices followed
similar industry. Environmental objectives Conservation of natural resources through effective
management of energy inputs and use of water. Prevention of land contamination through
effective waste disposal. Prevention of noise pollution.
Reduction in Consumption of inputs materials through re-cycling and reduction of rework
scrap precious resources like water, electricity has been a key factor in all decision making.
Much before "Environment Movement" became fashionable. This consciousness paved the
way for the company to become an ISO 14001:2004 EMS Certified Company. The scope of
EMS of the company includes all activities albeit material procurement and storage, production
and delivery processes impact our surroundings.
The values and beliefs of the company ultimately guide employees towards value behaviour.
All members of the MYPOL Industries Lid share some common fundamental ideas or guiding
concepts around which the business is built. This may be to make money or to achieve
excellence in a particular field. These values and common goal keep the employees working
towards a common goals keep the employees working towards a common destination as a
coherent team and are important to keep the team spirit alive.

3.5 FUTURE GROWTH PROSPECTS:

 Integrated tool room facility

 Research and development setup for design and development
 Thermoplastic elastomeric and plastic manufacturing
 Make sure their product available in all sizes
 Enhancing the lab facility accomplish TS certificate
 Rubber profiles extrusion
 Adopt new technology
 Adopt rapidity change in market
 Use the more man power
 Modernizing in the products
MYPOL is all set for change in itself it has applied for the ISO/TS 1649 certificate. It is also
set ready for a major expansion plan with the tire industry poised and rapid growth. It also been

31
upgrading with technology such as the implementation of LALGUDI SOFTWARE
SOLUTION
MYPOL wants to provide more quality products to customer and expands their business more
and fulfil the customer needs and satisfaction and build a strong network over a 1000 dealers
all over the country to the needs of individual customers and increase in revenue sales and
increase in the exports to others country and giving more facility and safety for the employee
increase in the brand name in the market.

3.6 QUALITY CONTROL SYSTEM:

MYPOL vision is purpose by quality product and services and they have certificated on the
quality control they main aim is to give the very well quality product to the customer and they
will always focus on the customer satisfaction. They will always focus on the hygiene in their
product and they will never compromise in good quality in the product because quality control
is the biggest strength of the MYPOL Company.
To create confidence as reliable vendor through total employee commitment to quality by
maintains high standards of integrity in all aspects of business and customer satisfaction.
According its policy elements are:
 Customer orientation
 Continual improvement of people, process and products for enhanced
performance from time to time
 Team work
 Satisfaction of interested parties
 Certified company

32
They are accredited with ISO 9001:2015, IATF 16949:2016and ISO 14001:2015 by TUV
NORD, for design, development, manufacture and supply of automotive inner tubes and rubber
products.
They are regularly audited by all their customers and end users for their customers and users
for their system. Few companies that audit them regularly Toyota Kirloskar, Maruti Suzuki,
Ceat Tyres, JK Tyres these audits help them be on par with industry best parties.

33
 CHAPTER 4
DEPARTMENTS

34
 4.1 HUMAN RESOURCE DEPARTMENT

The MYPOL Company is accommodating various employees, they comprise of

staff, workers and trainers. The people in organization and very dedicated and
work towards the improvement of the organization. The company started is
operation with 256 employees at present 1132 employees.

EDUCTACTIONAL STATUS:
 10TH
 DIPLOM
 MBA
 ITA
 ENGINEERING

CLASSIFICATION OF NUMBER OF EMPLOYEES

EMPLOYEES
Staff 154
Confirmed work man 328
Trainers -
Contract work man 650
Temporary work men -
Man 632
Female 500
Total 1132

TECHNICAL SKILLS :
A technical skill refers to the ability and knowledge in using the equipment of the
technique and procedure involved in performing specific tasks at MYPOL
industry ltd. Employees, both supervisors and workers, working in all production
related departments possess the technical skill such as engineering skills,

35
computer skills etc. which are needed to handed work, related tools, machine and
equipment.

HUMAN SKILLS:
Human skills involve the ability to work well with other people both individually
and in group because manager's deal directly with people, this skill is crucial
managers with good human skills are able to get the best out of their people. They
know how to communicate,
motivate, lead, and inspire enthusiasm and trust. This skill is equally important
low-level management, middle level management and top-level management.
The MYPOL employees are expected to have human skill so that they can work
cooperatively with one another and build effective teams.
The actual skills and competences of the employees working for the company.
The organization selects and assigns personnel performing work affecting
product quality based on appropriate education skills and experience. The
organizations have also a system to assess the competences of its personnel on
periodic basis to identify gap in the performance.
Identification of training needs:
The training needs of their employees through appraisal system new employees
or an employee who has assigned new jobs or identified training.
Training methods are 2 levels
➤ Individual level
➤ Department level
1.On the job training: these are types of training given to the employees at the
working hours
 Training regarding grading
 Assistance by senior employees
2.Off the job training: these are types of training given to the employees in the
leisure hours
 Lectures
 Visuals training

36
 4.2 PRODUCTION DEPARTMENT :

The production department in a rubber and polymer industry plays a pivotal role in
transforming raw materials into finished products that meet quality standards and customer
specifications. This department serves as the backbone of the manufacturing process,
overseeing various stages from formulation to final packaging. The key functions and
responsibilities within the production department are as follows :
1. Formulation and Compounding: The production process typically begins with
formulation and compounding, where raw materials such as natural rubber latex, synthetic
rubber, fillers, plasticizers, and other additives are carefully blended according to specific
recipes or formulations. This step requires precision to achieve the desired material
properties, such as elasticity, durability, and chemical resistance.
2. Mixing and Mixing: Once the formulation is prepared, it undergoes mixing to ensure
uniform distribution of ingredients and achieve homogeneity. Mixing equipment such as
internal mixers, open mills, and kneaders are used to impart shear and thermal energy,
facilitating the dispersion of additives and improving the overall quality of the compound.
3. Processing and Moulding: After mixing, the compounded rubber or polymer is
processed into various shapes and forms using moulding techniques such as compression
Moulding, injection moulding, extrusion, or calendaring. These processes allow for the
production of a wide range of products, including tires, seals, gaskets, hoses, and moulded
components for diverse applications.
4. Vulcanization and Curing: Vulcanization is a critical step in rubber processing, where
the rubber compound is subjected to heat and pressure to cross-link polymer chains,
imparting strength, elasticity, and thermal stability to the finished product. Curing processes
may vary depending on the type of rubber and the intended application, with variations in
temperature, time, and curing agents.
5. Quality Control and Assurance: Throughout the production process, quality control
measures are implemented to ensure adherence to specifications and standards. Quality
control inspectors conduct regular checks and tests on raw materials, intermediate products,
and finished goods to detect any deviations or defects. Continuous monitoring and
adjustments help maintain product consistency and meet customer requirements.
6. Packaging and Shipping: Once the products have passed quality inspection, they are
prepared for packaging according to customer orders and shipping requirements. Packaging
materials are chosen to ensure product protection during storage and transportation, while
labelling and documentation comply with regulatory standards and customer specifications.
7. Maintenance and Optimization: The production department is also responsible for
equipment maintenance, troubleshooting, and process optimization to maximize efficiency,
minimize downtime, and reduce waste. Regular preventive maintenance schedules and
ongoing training programs ensure the smooth operation of production facilities and the
continuous improvement of manufacturing processes.

37
Overall, the production department in a rubber and polymer industry plays a multifaceted role
in translating raw materials into value-added products, driving innovation, quality, and
efficiency to meet the demands of diverse markets and industries. Collaboration with other
departments such as research and development, engineering, and sales is essential for
achieving strategic goals and maintaining competitiveness in a dynamic global marketplace.

4.3 FINANCE DEPARTMENT

The finance department in a rubber and polymer industry serves as the financial nerve center,
responsible for managing the financial resources, optimizing investments, and ensuring the
overall financial health of the organization. Here's an overview of the key functions and
responsibilities within the finance department:
1. Budgeting and Financial Planning: The finance department is tasked with developing
comprehensive budgets and financial plans that align with the company's strategic objectives.
This involves forecasting revenues, estimating costs, and allocating resources efficiently across
various departments and projects. By setting realistic financial targets and monitoring
performance against budgeted figures, the department helps guide decision-making and
resource allocation throughout the organization.
2. Financial Reporting and Analysis: Timely and accurate financial reporting is crucial for
assessing the company's financial performance, identifying trends, and making informed
decisions. The finance department prepares financial statements, including balance sheets,
income statements, and cash flow statements, in compliance with accounting standards and
regulatory requirements. Additionally, financial analysts analyze the data to provide insights
into profitability, liquidity, and solvency, enabling management to evaluate performance and
take corrective actions as needed.
3. Cost Control and Expense Management: Controlling costs and optimizing expenses are
essential for maintaining profitability and competitiveness in the rubber and polymer industry.
The finance department works closely with operational teams to identify cost-saving
opportunities, negotiate favorable terms with suppliers, and implement cost control measures.
By monitoring expenses and analyzing cost drivers, the department helps identify inefficiencies
and areas for improvement, leading to enhanced cost-effectiveness and operational efficiency.
4. Capital Budgeting and Investment Analysis: Capital budgeting involves evaluating
investment opportunities and determining the allocation of funds for long-term projects, such
as plant expansions, equipment upgrades, and research and development initiatives. The
finance department conducts investment analysis, assessing the financial viability, risk, and
potential returns of proposed projects. Through techniques like net present value (NPV)
analysis, internal rate of return (IRR), and payback period analysis, the department helps
prioritize investments that offer the greatest value and contribute to sustainable growth.

38
5. Treasury Management and Cash Flow Optimization: Effective treasury management is
critical for maintaining liquidity, managing cash flows, and mitigating financial risks. The
finance department oversees cash flow forecasting, cash management, and working capital
optimization to ensure adequate funds are available to meet operational needs and financial
obligations. Additionally, the department manages relationships with banks and financial
institutions, arranges financing, and implements hedging strategies to minimize exposure to
interest rate, currency, and commodity risks.
6. Compliance and Risk Management: Compliance with regulatory requirements and
adherence to accounting standards are paramount for maintaining transparency and integrity in
financial reporting. The finance department ensures compliance with tax laws, accounting
principles, and industry regulations, conducting regular audits and internal controls to
safeguard assets and mitigate financial risks. By identifying and addressing potential risks, such
as market volatility, credit risk, and regulatory changes, the department helps protect the
company's financial interests and reputation.
7. Strategic Financial Planning: In addition to day-to-day financial operations, the finance
department plays a strategic role in long-term planning and decision-making. By providing
financial insights, scenario analysis, and strategic recommendations, the department supports
senior management in formulating business strategies, identifying growth opportunities, and
optimizing shareholder value. Collaboration with cross-functional teams and effective
communication of financial insights are essential for driving alignment and achieving
organizational goals

4.4 SALES DEPARTMENT

The sales department in the Polymers AND Rubber industry plays a crucial role in driving
revenue and maintaining customer satisfaction. Some key functions are:

1. Customer acquisition: identifying and acquiring a customers by understanding their

needs and offering suitable polymer and rubber products

2. Account management: building and maintaining relationships with existing customers

to ensure repeat business and customer loyalty

3. Market research: conducting market research to identify trends customer preferences

and competitors’ activities to develop effective sales strategies
4. Product promotion: developing and implementing promotional strategies to highlight
the features and benefits of polymer and rubber products to potential customers

39
 5. Sales forecasting: analysing market data and historical sales trends to for cast future
sales volumes and set achievable targets

4.5 MARKETING DEPARTMENT

The marketing department in the polymers and rubber industry is responsible for various
functions aimed at promoting products, building brand awareness, and driving sales. Some of
the functions of this department is as follows

1. Market Research: Conducting market research to identify industry trends, customer

preferences, and competitors' activities. This includes analysing market size, growth
potential, and target market segments.

2. Product Development Support: Collaborating with the product development team to

gather insights from market research and customer feedback, which can be used to
inform product improvements or new product development initiatives

3. Brand Management: Developing and maintaining the company's brand identity,

including logos, messaging, and visual elements. This involves ensuring brand
consistency across all marketing materials and channels.

4. Advertising and Promotion: Creating advertising campaigns and promotional

activities to raise awareness of the company's products and services. This may include
print ads, online ads, social media campaigns, I and participation in industry trade
shows and events.

5. Content Creation: Developing engaging and informative content such as blog posts,
articles, whitepapers, and videos that highlight the features and benefits of the
company's products. This content can be used for inbound marketing efforts to attract
and educate potential customers..

40
 4.6 ANALYSIS OF FINANCIAL STATEMENTS

Financial statement analysis is the process of analyzing a company's financial statements

for decision- making purposes. External stakeholders use it to understand the overall
health of and organization as well as to evaluate financial performance and business
value. Internal constituents use it as a monitoring tool for managing the finances.

BALANCE SHEET
The balance sheet is one of the three fundamental financial statements and is key to both
financial modelling and accounting. The balance sheet displays the company’s total
assets and how the assets are financed, either through either debt or equity. It can also
be referred to as a statement of net worth or a statement of financial position. The balance
sheet is based on the fundamental equation: Assets = Liabilities + Equity.

Balance sheet of MYPOL for the period ended 2020,2021,2022

BALANCE SHEET (in Rs. Cr.) MAR 22 MAR 21 MAR 20
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 56.50 56.50 56.50
TOTAL SHARE CAPITAL 56.50 56.50 56.50
Reserves and Surplus 684.15 346.50 299.94
TOTAL RESERVES AND SURPLUS 684.15 346.50 299.94
TOTAL SHAREHOLDERS FUNDS 740.65 403.01 356.44
NON-CURRENT LIABILITIES
Long Term Borrowings 9.01 5.16 10.21
Deferred Tax Liabilities [Net] 72.71 0.00 0.00
Other Long-Term Liabilities 0.00 0.00 0.00
Long Term Provisions 0.75 2.54 2.04
TOTAL NON-CURRENT LIABILITIES 82.47 7.70 12.25
CURRENT LIABILITIES
Short Term Borrowings 4.87 0.00 0.79
Trade Payables 12.39 9.75 3.47

41
 Other Current Liabilities 17.11 14.65 9.77
Short Term Provisions 39.70 17.28 14.91
TOTAL CURRENT LIABILITIES 74.08 41.67 28.94
TOTAL CAPITAL AND LIABILITIES 897.20 452.38 397.63
ASSETS
NON-CURRENT ASSETS
Tangible Assets 707.55 152.23 138.81
Intangible Assets 0.60 0.55 0.55
Capital Work-In-Progress 58.54 158.87 39.76
Other Assets 0.00 0.00 0.00
FIXED ASSETS 766.69 311.65 179.12
Non-Current Investments 0.00 0.00 0.00
Deferred Tax Assets [Net] 0.00 5.15 1.07
Long Term Loans And Advances 0.00 10.47 7.44
Other Non-Current Assets 24.35 0.19 0.20
TOTAL NON-CURRENT ASSETS 791.05 327.46 187.83
CURRENT ASSETS
Current Investments 75.05 84.40 194.28
Inventories 8.95 6.59 4.10
Trade Receivables 0.95 0.78 0.51
Cash And Cash Equivalents 8.53 28.04 8.31
Short Term Loans And Advances 0.49 3.79 2.33
Other Current Assets 12.18 1.34 0.27
TOTAL CURRENT ASSETS 106.15 124.92 209.80
TOTAL ASSETS 897.20 452.38 397.63

PROFIT AND LOSS ACCOUNT

The term profit and loss (P&L) statement refers to a financial statement that summarizes
the revenues, costs, and expenses incurred during a specified period, usually a quarter or
fiscal year. These records provide information about a company's ability or inability to
generate profit by increasing revenue, reducing costs, or both. These statements are often
presented on a cash or accrual basis.

42
 Profit and loss statement for period ending 2020, 2021& 2022
₹ in crores
PROFIT & LOSS ACCOUNT MYPOL MAR 22 MAR 21 MAR 20

INCOME
REVENUE FROM OPERATIONS 262.82 205.36 181.87
[GROSS]

Less: Excise/ Service Tax/Other Levies 0.00 0.00 0.00

REVENUE FROM OPERATIONS 262.82 205.36 181.87
[NET]

TOTAL OPERATING REVENUES 262.82 205.36 181.87

Other Income 12.16 18.08 10.25
TOTAL REVENUE 274.99 223.43 192.12
EXPENSES

Cost Of Materials Consumed 9.61 0.00 0.00

Purchase Of Stock-In Trade 14.65 14.38 11.77
Operating And Direct Expenses 0.00 36.10 31.99
Changes In Inventories Of FG, WIP And -0.66 -0.85 -0.58
Stock-In Trade

Employee Benefit Expenses 39.16 31.01 27.08

Finance Costs 1.33 1.33 1.67

Depreciation And Amortization Expenses 29.28 13.92 16.19
Other Expenses 133.08 40.51 31.05
TOTAL EXPENSES 226.45 136.41 119.17
PROFIT/LOSS BEFORE 48.53 87.02 72.94
EXCEPTIONAL, EXTRAORDINARY
ITEMS AND TAX
Exceptional Items 0.00 0.00 0.00
PROFIT/LOSS BEFORE TAX 48.53 87.02 72.94
TAX EXPENSES-CONTINUED
OPERATIONS
Current Tax 20.09 31.98 25.02

43
 Less: MAT Credit Entitlement 0.00 0.00 0.00
Deferred Tax -4.23 -4.09 -2.27
Tax For Earlier Years -1.24 -0.68 -0.44
TOTAL TAX EXPENSES 14.62 27.21 22.31
PROFIT/LOSS AFTER TAX 33.91 59.82 50.63
AND BEFORE
EXTRAORDINARY ITEMS
PROFIT/LOSS FROM CONTINUING 33.91 59.82 50.63
OPERATIONS
PROFIT/LOSS FOR THE PERIOD 33.91 59.82 50.63

TREND ANALYSIS

Trend analysis of MYPOL for the period of 2020,2021,2022

BALANCE March-20 % March-21 % March-22 %

SHEET (in Rs. Cr.)
EQUITIES AND
LIABILITIES
SHAREHOLDER'S
FUNDS
Equity Share Capital 56.50 100 56.50 100 56.50 100
TOTALSHARE 56.50 100 56.50 100 56.50 100
CAPITAL
Reserves and Surplus 299.94 100 346.50 115.5 684.15 228.09
TOTAL 299.94 100 346.50 115.5 684.15 228.09
RESERVES AND
SURPLUS
TOTAL 356.44 100 403.01 113.06 740.65 207.79
SHAREHOLDERS
FUNDS
NON-CURRENT
LIABILITIES

44
Long Term 10.21 100 5.16 50.53 9.01 88.24
Borrowings
Deferred Tax 0.00 100 0.00 0.00 72.71 0.00
Liabilities [Net]
Other Long Term 0.00 100 0.00 0.00 0.00 0.00
Liabilities
Long Term 2.04 100 2.54 124.5 0.75 36.76
Provisions
TOTAL NON- 12.25 100 7.70 62.85 82.47 673.22
CURRENT
LIABILITIES

CURRENT
LIABILITIES
Short Term 0.79 100 0.00 0.00 4.87 616.45
Borrowings
Trade Payables 3.47 100 9.75 280.97 12.39 357.06
Other Current 9.77 100 14.65 149.9 17.11 175.12
Liabilities

Short Term 14.91 100 17.28 115.8 39.70 266.26

Provisions
TOTAL 28.94 100 41.67 143.9 74.08 255.97
CURRENT
LIABILITIES
TOTAL CAPITAL 397.63 100 452.38 113.76 897.20 225.63
AND LIABILITIES
ASSETS
NON-CURRENT
ASSETS
Tangible Assets 138.81 100 152.23 109.6 707.55 509.7
Intangible Assets 0.55 100 0.55 100 0.60 109.09
Capital Work-In- 39.76 100 158.87 399.5 58.54 147.23
Progress
Other Assets 0.00 100 0.00 0.00 0.00 0.00

45
FIXED ASSETS 179.12 100 311.65 173.9 766.69 428.03
Non-Current 0.00 100 0.00 0.00 0.00 0.00
Investments
Deferred Tax Assets 1.07 100 5.15 481.3 0.00 0.00
[Net]
Long Term Loans 7.44 100 10.47 140.7 0.00 0.00
And Advances

Other Non-Current 0.20 100 0.19 95 24.35 12175.0

Assets

TOTAL NON- 187.83 100 327.46 174.33 791.05 421.15

CURRENT
ASSETS
CURRENT
ASSETS

Current Investments 194.28 100 84.40 43.44 75.05 38.62

Inventories 4.10 100 6.59 160.73 8.95 218.29

Trade Receivables 0.51 100 0.78 152.9 0.95 186.27

Cash And Cash 8.31 100 28.04 337.4 8.53 102.64

Equivalents

Short Term Loans 2.33 100 3.79 162.66 0.49 21.03

And Advances

Other Current Assets 0.27 100 1.34 496.29 12.18 4511.1

TOTAL 209.80 100 124.92 59.54 106.15 50.59

CURRENT
ASSETS
TOTAL ASSETS 397.63 100 452.38 113.76 897.20 225.63

46
ANALYSIS:

The trend percentage of MYPOL for 3 years has been calculated. The above table shows that
2020 is the base year and the base year is taken as 100. Trend percentage are calculated in
relation to base year. Each year data is divided by the base year’s data. The trend percentage of
total current liabilities for the year 2021 is 143.9, in the year 2022 the trend percentage
increased to255.63, and in the year 2022 the trend percentage decreased from 225.63 to 143.9.
Trend percentage of total non- current liabilities for the year 2021 is 62.85, then it increased in
the year 2022 to 673.22.Trend percentage of total non-current assets for the year 2021 is 174.33,
then in 2022 it increased to 421.15, in the year 2022 it increased from 174.33 to 421.15. Trend
percentage of total current asset for the 2021 is 59.54it is decreased in the year 2022 is 50.59,
in the year 2022 it further decreased from59.54 to50.59.

COMPARATIVE STATEMENT

Comparative financial statements are the complete set of financial statements that an entity
issues, revealing information for more than one reporting period. The financial statements that
may be included in this package are:

• The income statement (showing results for multiple periods).

• The balance sheet (showing the financial position of the entity as of more than
one balance sheet date)
• The statement of cash flows (showing the cash flows for more than one period)

47
COMPARATIVE STATEMENT 2021-22
Compara ve balance sheet statement of MYPOL for the year 2020 -2021.
₹ in crores

BALANCE MAR 2021 MAR 2022 Absolute change %

SHEET (in Rs. Cr.)
EQUITIES AND
LIABILITIES
SHAREHOLDER'S
FUNDS
Equity Share Capital 56.50 56.50 0.00 0.00
TOTAL SHARE 56.50 56.50 0.00 0.00
CAPITAL
Reserves and Surplus 346.50 684.15 46.56 15.52
TOTAL 346.50 684.15 46.56 15.52
RESERVES AND
SURPLUS
TOTAL 403.01 740.65 46.57 13.06
SHAREHOLDERS
FUNDS
NON-CURRENT
LIABILITIES
Long Term 5.16 9.01 (5.05) (0.48)
Borrowings
Deferred Tax 0.00 72.71 0.00 0.00
Liabilities [Net]

Other Long 0.00 0.00 0.00 0.00

Term
Liabilities
Long Term 2.54 0.75 0.5 24.50
Provisions

TOTAL NON- 7.70 82.47 (4.55) (37.14)

CURRENT
LIABILITIES

48
CURRENT
LIABILITIES

Short Term 0.00 4.87 (0.79) (100)

Borrowings

Trade Payables 9.75 12.39 6.28 180.97

Other Current 14.65 17.11 (4.88) (49.94)

Liabilities

Short Term 17.28 39.70 2.37 15.89

Provisions

TOTAL CURRENT 41.67 74.08 12.73 43.98

LIABILITIES

TOTAL CAPITAL 452.38 897.20 54.75 13.76

AND LIABILITIES

ASSETS

NON-CURRENT
ASSETS

Tangible Assets 152.23 707.55 13.42 9.66

Intangible Assets 0.55 0.60 0.00 0.00

Capital Work- 158.87 58.54 119.11 299.57

In-
Progress
Other Assets 0.00 0.00 0.00 0.00

FIXED ASSETS 311.65 766.69 132.53 73.98

Non-Current 0.00 0.00 0.00 0.00

Investments

Deferred Tax Assets 5.15 0.00 4.08 381.30

[Net]

49
 Long Term Loans 10.47 0.00 3.03 40.72
And Advances

Other Non-Current 0.19 24.35 (0.01) (5)

Assets

TOTAL NON- 327.46 791.05 139.63 74.33

CURRENTASSETS

CURRENT
ASSETS

Current Investments 84.40 75.05 (109.88) (56.55)

Inventories 6.59 8.95 2.49 60.73

Trade Receivables 0.78 0.95 0.27 52.94

Cash And 28.04 8.53 19.73 237.42

Cash
Equivalents
Short Term 3.79 0.49 1.46 62.66
Loans
And Advances
Other Current Assets 1.34 12.18 1.07 396.2

TOTAL CURRENT 124.92 106.15 (84.88) (40.45)

ASSETS

TOTAL ASSETS 452.38 897.20 54.75 13.76

ANALYSIS:
Comparative balance sheet of MYPOL for the year 2020 and 2021 shows that the
non-current asset has been increased to 74.33% compare to last year. The current
asset has been decreased to -40.45% compared to previous year. The non-current
liabilities have been increased to 37.14%. The current liabilities have been
increased to 43.98%.

50
RATIO ANALYSIS:
Ratio analysis is the analysis of bury association among two monetary forms. It is the
procedure of establishing and interpreting a variety of ratios for serving in creation convinced
decisions. Ratio study is a significant and broadly used to of examination financial accounts.
Ratio analysis is a structure of financial statement analysis that is used to get a rapid suggestion
of a firm’s financial routine in quite a few input areas.

RATIO:
A financial ratio is a relative magnitude of two selected numerical values taken from a
company/firms Financial Statement.
Ratio is calculated by using following methods:

1. CURRENT RATIO:

Table showing analysis of Current Ratio:

Year 2020 2021 2022

Current assets 209.8 124.92 106.15

Current Liabilities 82.47 7.7 82.47

Current Ratio 2.54 16.22 1.28

ANALYSIS:
We can observe from above table the current assets of Mysore Polymers and Rubber Private
Limited company are decreasing to 1.28. This current ratio table shows the highest current
ratio in the year 2021 as compared to previous years. But in the year 2022 the current ratio is
being decreased.

51
 Chart showing analysis of Current Ratio:

Current Ratio
250
209.8
200

150 124.92
106.15
100 82.47 82.47

50
7.7 16.22
2.54 1.28
0
2020 2021 2022

Current assets Current Liabilities Current Ratio

INTERPRETATION:
The above chart shows current assets ratios is low in 2022. It indicates the company has used
current asset inefficiently.

2. FIXED ASSETS TURNOVER RATIO:

Fixed Turnover Ratio

Table showing Fixed Assets Turnover Ratio:

Year 2020 2021 2022

Sales 181.87 205.36 262.82

Fixed Assets 179.12 311.65 766.69

Fixed Assets 1.01 0.65 0.34

Turnover

52
 Chart showing analysis of Fixed Assets Turnover Ratio:

Fixed Asset Turnover Ratio

900
766.69
800
700
600
500
400 311.65
300 262.82
181.87 179.12 205.36
200
100
1.01 0.65 0.34
0
2020 2021 2022

Sales Fixed Assets Fixed Assets Turnover

INTERPRETATION:
This above table shows the fixed assets turnover ratio of 2022 is decrease in the value to 0.34
as a result in the decrease of sales and fixed assets. In 2021 ratio has been decreased in fixed
Asset to 0.65.

3. WORKING CAPITAL TURNOVER RATIO:

Net working capital= Current Assets – Current Liabilities

Table showing Working Capital Turnover Ratio:

Year 2020 2021 2022

Net Sales 181.87 205.36 262.82

Net Working Capital 180.86 83.25 31.35

Working Capital Turnover Ratio 1.42 1.75 11.09

53
ANALYSIS:
The table shows the relationship among the sales and working capital, by analysing the above
ratio in the year 2020 that is 1.42 in times. In 2021 is increases to 1.75. In 2022 is increased
to 11.09.

Chart showing analysis of Working Capital Turnover Ratio:

Working Capital Turnover Ratio

300
262.82
250
205.36
200 181.87 180.86

150

100 83.25

50 31.35
1.01 2.46 8.38
0
2020 2021 2022

Net Sales Net working Capital Working capital turnover Ratio

INTERPRETATION:
In the showing working capital turnover ratio are 2021 is increased to 2.46 and in 2022
increased to 8.38 in the working capital in MYPOL.

4. GROSS PROFIT RATIO:

Gross profit ratio =

Table showing Gross Profit Ratio:

Year 2020 2021 2022

Gross Profit 72.94 87.02 48.53

Net Sales 181.87 205.36 262.82

Gross Profit Ratio 40.1 42.37 18.46

54
 Chart showing Gross Profit Ratio:

Gross Profit Ratio

300
262.82
250
205.36
200 181.87

150

100 87.02
72.94
40.1 42.37 48.53
50 18.46
0
2020 2021 2022

Gross Profit Net Sales Gross Profit Ratio

INTERPRETATION:
From the above graph is show out the gross profit ratio for the MYPOL for the year 2021 to
2022 is gradually decreases from year to year.

5. NET PROFIT RATIO:

Table showing 𝐍𝐞𝐭 𝐏𝐫𝐨𝐟𝐢𝐭 𝐑𝐚𝐭𝐢𝐨

Year 2020 2021 2022

Net Profit 50.63 59.82 33.91

Net Sales 181.87 205.36 262.82

Net Profit / Loss Ratio 27.83 29.12 12.9024

55
 Chart showing Net Profit or Loss Ratio:

Net Profit Ratio

300

250
262.82
200
205.36
150 181.87

100

50
50.63 59.82
27.83 29.12 33.91 12.90
0
2020 2021 2022

Net Profit Net Sales Net Profit / Loss Ratio

INTERPRETATION:
From the above graph we can observe that the net profit of MYPOL is fluctuating. In the year
202O to 2022 the net profit ratio has gradually increased and decreased.

56
 CHAPTER 5
LEARNING EXPERIENCE

57
 5.1 LEARNING EXPERIENCE

We visited the Mysore Polymers and Rubber Product Company , Mysore, to do business
familiarization report for organization study. Knowledge comes out by studying volumes of
books through continuous learning but the real experience would allow a person learn and
there by acquiring knowledge.
The training started with H.R. Manager explaining the whole working process of the
organization with regular visit to the production plant and other department. Visited several
departments and collected different information.
Mainly In purchase and inspection department , I understood about different raw materials,
what they purchase and its s different sources , how they inspect and how much they inspect
products after production per shift.
While studying about the organization we spoke with the Production manager, HR manager,
Purchase department members, production department members, in the organization.
Our interactions were very good with them and it gave us good feeling over the environment.
From this visit we were able to understand how actual production happens, how actually
industries work, how to survive in different situations, how they supply and market activities
The internship has created an enlightening, impression in our mind as to how actually the
production process will be carried out. Felt confident to understand different management
concepts in easy manner with in this short period.
All the employees of respective departments gave us the necessary information. They were
cooperative and kind in nature. They helped us lot to complete our project work. Internship
was a useful experience. Found our strengths and weaknesses while dealing with new
situations. And gained new knowledge and skills and met many new people.
At last, we felt that this project has enhanced our personal skills, talent, ability, Standing etc...
This opportunity provided by the MYPOL has helped us to understand several aspects of
industries and enabled us to learn about organization environment, rules and procedures ,
many things about organization functions.

We are thankful for the management of MYPOL for making us bit experienced and giving
this opportunity to study and to know how actually an organization works.

Bibliography
www.wikipedia.org

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