A SUMMER TRAINING PROJECT REPORT AT
UNION QUALITY PLASTICS LIMITED SUBMITTED IN PARTIAL FULLFILLMENT OF THE REQUIREMENT REQUIREME NT OF BBA PROGRAMME
PREPARED BY ABHISHEK RAHUL PANDAY HARDIK SHAH KINCHIT RAI
UNDER THE GUIDANCE OF M/s MONIKA SONI MR. Sunil Kumar Tripathi
By. By. Kinchit Kinchit Rai
Company profile Name of the company
Union Quality Plastics Ltd
Registered Office
AGH Chambers 5 th floor 379/Narsi Natha Street Masjid, Mumbai, Maharashtra 400009 India
Authorized Share Capital
70 Lacks
Year of Establishment Establishment
1981
Type Of Company
Public Limited Company
Group
Kathawala Group
Product
Woven Fabrics, Woven Bags, Tarpaulin
Production capacity
3600 Tons Per Annum
Board of Directors
Z.D.Kathawala
Stock Exchange
Bombay Stock Exchange
THE FOLLOWING ARE THE PRODUCTS OFFERED BY UNION QUALITY PLASTICS LIMITED: ´
WOVEN FABRICS
´
TARPAULINES
´
WOVEN BAGS
By. By. Hardik Hardik Shah Shah
PRODUCTION DEPARTMENT DEPARTMENT
Production is the process of converting Raw Material or other input into the Product for further production or Service so that the utility and need of the customer are satisfied. 1.Service of Transport, Transport, Banking Sectors Etc. 2.Uni 2.Union on qual quality ity conve converts rts DPE/ DPE Plasti Plastic c gran granua uals ls into Bobbins For the further production of Woven Fabrics
TYPES OF PRODUCT The following are the products offe of fered red by Union Quality Plastics Limited: ´
HDPE/PP WOVEN FABRICS
´
HDPE TARPAULINES
´
WOVEN BAGS
The products of Union Quality Plastics imited have obtained Certificate of Quality as per ISO Standard 9001:2000 for DPE/ DPE and W oven Fabrics with Specialization in Tarpa arpauli ulins ns from from ORIO ORION N Regist Registra rarr, INC. INC.,, USA. USA.
´ ´
´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´ ´
TARPAULIN PRODUCT ¶S SPECIFICATION PROVIDE THE PRODUCT AS PER CUSTOMER DEMAND; THE SPECIFICATIONS VARY FROM CUSTOMER TO CUSTOMER GSM FROM 70 TO 350 GSM. MESH FROM 6 X 6 TO 16 X 16 DENIER FROM 600 UPTO 1500 WIDTH FROM 4ft AND ABOVE LENGTH FROM 6 ft AND ABOVE LAMINATION LDPE LAMINATION ON BOTH SIDE COLOR Blue, Yellow, Black, Silver/Blue, Silver/White Silver/White,, Silver/Black or as per Customer requirement. requirement. EYELET Rust proof Eyelets on all Sides and Corners (as per requirement) UV AS PER REQUIREMENT ROPE INSERTED IN BORDERS OF TARPAULIN
´ ´ ´
´ ´ ´ ´
´
´
´ ´
´
´ ´ ´
HDPE /LDPE WOVEN BAGS PRODUCTS SPECIFICATION SIZE Width: Wid th: Range - 12" (300mm (300mm)) to 33"(840m 33"(840mm) m) Length: As per customer's specifications MESH ( WEAVE) From 6 X 6 to 14 X 14 SPECIFICATIONS OF STRENGTH For Fertilizers IS: 9755:2003 For Cement IS: 11652 11652:200 :2000 0 For Tarpaulins IS: 7903:1995 COLOURS / SIDE STRIPS Milky White, Golden Yellow, Lemon Yellow, Pink, Green, Red, Ivory, Blue, Black etc. with shade as per buyers buyer s choice. LAMINATION (COATING) Inside / outside, with mirror or matt finishing. PRINTING Three Colour Flexo Printing Single / Double Side. Corona treated with tape test ink.
PLANT LAYOUT OF UNION QUALITY PLASTICS PLA STICS LIMITED ´
Plant layout is the arrangement of Machinery, Equipment and facilities such as tool room, Inspection cabins, cabins, etc so as to ensure smooth and quick minimum material handling quality of operation and good communication communication..
´
The Union Quality Plastics Limited Follo Fo llows ws the Process Process Layo Layout: ut: - The entire entire machine performing similar type of operation is grouped together at one location.
THE PLA PL ANT LA LAYOUT YOUT OF UNION UNIO N QUALITY PLASTICS PLA STICS LIMITED
PROCESS F OW C ART RAW MATERIAL FEEDING TO HOPPER MELTING MELTING OF MATERIAL MATERIAL BY HEATING EXTRUSION OF MOLTEN MATERIAL IN THE FORM OF SHEET SLITTING OF SHEET TO MAKE TAPES STREATCHING OF TAPES MAKING OF BOBBINS FABRIC MAKING BY WAEAVING WAEAVING PROCESS IN LOOM LOOM MAKING FABRIC IN THE FORM OF ROLLS LAMINATION IS DONE ON WOVEN FABRIC DIFFERENT SIZES OF FABRICS WELDING AND CUTTING CENTRE SEALING,SIDE SEALING,ROPE HEMMING,SIZE CUTTING,EYELETTING,PRINTING&P CUTTING,EYELETTING,PRINTING &PACKING ACKING IS DONE OR MAKING OF BAG AS PER REQUIREMENT MARKING AS PER CUSTOMER REQUIREMENT GOODS ARE READY FOR DISPATCH
PRODUCTION OF FLAT TAPE ´
Raw materials to produce flat TAPE is high density polyethylene [HDPE] + Calcium Carbonate + Filler to avoid fibrillation of tape. If they required any colour tape, they mix some percentage of master batches that is polymer based.
´
They have two two extrusion lines for flat tape production. One is KTK-90mm Windsor Tape plant and other is Kolsite 90mm Tape plant.
´
Capacity Capaci ty of this department is is ² 150 tons tons per month. month.
´
Raw materials required for Tap plant is ² HDPE/LDPE/PP granuals and Filler/Master batch.
´
The raw material is stored in the hopper, which goes to screw barrel for melting process.
´
Melted Raw materials moved to die which converts in to film.
´
There is a cutter which cuts the film f ilm into desired width as per requirement.
´
Then it moves to pull roller for strength checking and after checking the strength it moves to the winder for winding.
PRODUCTION OF HDPE WOVEN FABRIC ´
WE PROVIDE THE PRODUCT AS PER CUSTOMER DEMAND; THE SPECIFICATIONS VARY FROM CUSTOMER TO CUSTOMER.
´
The Company is flexible with its product design and quality based on customer need and purpose of product. It endures to provide provide flexible, strong and weather resistant products. The need of the customer is at the top of the companies priorities and therefore it offers wide range of elite quality products.
´
We provide roll to roll printing and cutting of bags/sacks. We have 8 ft./2.6mtr Wide lamination facilities. We can print four colors one side. We can provide bias tubing fabric
´
For weaving of fabrics they have separate weaving department they have have different dif ferent type of weaving machine, as
´ ´ ´ ´
HDN ² 4 LOHIA STARLINGE STARLINGER R HDN ² 6 LOHIA STARLINGE STARLINGER R HDN ² 6 GCL make BANGL BANGLORE ORE HDN ² 8 GCL make BANGL BANGLORE ORE
´
In four shuttle machine usually they make fabric up to 60µ flat width mesh size varies [8 * 8] to [12 * 12]
´
In six shuttle machine they can make fabric up to 104µ
´
In eight shuttle machine they can make width of 144µ Numbers of machines is as under:-
´
HDN ² 4 HDN HDN HD N²6 HDN _ 8 Total _ ´
18 11 02 31
Capacity of these departments is 5000Kg per day.
´
The Union Quality Plastics Ltd. Uses circular looms for making woven fabrics
´
The circular machine is fitted on both the side of the cril stand were the bobbins are fitted.
´
Then the tape is moved to the circular machine for weaving process from where the tube form fabric is being made.
´
The cutter is fitted on the top of the circular machine where the tube form fabric is cut and finally it goes to winder for winding.
FABRI ABRIC C COA COATING (LAM (LAMINA INATION TION SECTION) ´
They have have three lamination plant of different capacity
´
First one is having 98µ Die opening and a nd hence capable ca pable to coat up to 96µ Fabric
´
Second one is having 74µ 74µ Die opening and can coat 72µ Fabric
´
Third one is having 52µ Die opening and can c an coat 50µ Fabric successfully successf ully
s «
«
«
´
Raw material used for coating purpose is low density polyethylene [LDPE] and Linear Low Density Polyethylene Polye thylene [LLDPE] [LLDPE] ² Master batches for for desired colour colour.. They have some customers who buy directly roll without doing any fur ther process and use as per his requirement. They can coat fabric from 70GSM to 600GSM. For different dif ferent customer requirement
They also laminate HDPE Woven fabrics fabrics with craft craf t paper in different dif ferent width like from 40µ to 94µ. And this process is known k nown as sandwich Process.
´
Stitching
´
They have have stitching department depar tment where they make make differe dif ferent nt kinds of o f bags for sugar packing, for foam packing, for textile industries and for chemical packing.
´
Their Capacity in this department depar tment is to make 4000Nos. of big size per day.
´
Tarpaulin Their capacity of tarpaulin section is 175 tones per month. They have got 5 Sealing machine and they make tarpaulins size [6· * 6·] to [100· * 100·] they have four four automatic Eyeleting machines which makes as enable to take faster production with with good quality of Eyelet fitting f itting The following are the raw materials used us ed in manufacturing Tarpaulin: Tarpaulin:
´
Plastic Granules: Plastic Granules are the primary material for producing PE tape and laminating tarpaulin. Company mainly uses two types of plastic granules « «
HDPE (High Density Polyethylene) LDPE (Low Density Polyethylene)
´
Eyelets ts are met metal, al, pla plasti stic, c, or or rub rubber ber rin rings gs that that are ins inserted erted int into o a hole hole Ey elets elets: Eyele made through another material. It is used to strengthen the holes prevents the material from tearing through the hole, thereby providing structural integrity. Eyelets are generally used decoratively dec oratively..
´
Colour
´
Dori :
Masterbatch: Master batch of colour is used us ed to colour raw polymer during plastic manufacturing process. Dori is a Plastic String that is used in tarpaulin for making it stronger and also used in sealing the borders of the sheet. It consists of various colours according accor ding to to the respective colours colours of sheets.
By. By. Hardik Hardik Shah Shah
QUALITY POLICY
QUALITY ASSURANCE LAB OF UNION QUALITY PLASTICS LIMITED
´
The lab of the quality assurance department depar tment is well equipped with latest test gauges, instruments and updated fixtures. In the th e quality assurance lab, we hav have e seen various techniques of lay layout out inspection inspection like like Humidity chamber, Hot air oven, Thickness gauge, Tensile Tester.
FUNCTIONS FUNCTIO NS OF STORAGE DEP DEPARTMENT ARTMENT ´ ´ ´ ´
´ ´
´ ´
´
First Transport Transport department receives the product. The product is then dispatch to clearance & forward section. C&F section collects, entering consignment & dispatch product. Function Functi on of the receipt, stock and issue section will be to receive the material from from C&F section, check the same with the supply order stock them and issued them, whenever required. The receipt section will maintain record of the supply orders item wise. After the completion of inspection, the next step is preparation of Good·s Received Voucher Vouche r. Separate GRV GRV will be prepared for stores, spares and capital items. The GRV is then sent to stock holder, holder, stockholder check the GRV & sign it & returned back to C&F section. One copy of the GRV will send to the finance f inance department for the payment of the suppliers. Quality assurance department assures the quality and make quality assurance certificate. One copy of the quality assurance will send to the finance
By. By. Kinchit Kinchit Rai
29
MARKETING MARKETI NG DEP DEPARTMENT ´
Everything fr Everything from om you you that touc touches hes your your customers and prospects affects your ability to keep and increase their business with you. It's all marketing.
´
UQPL is having an effe ef fective, ctive, efficient, eff icient, talented and well qualified Marketing Marketing staff. staff .
MARKETIN
FUNCTIONS AT UQ UQP
´
Focus on the Customer
´
Monitor the Competition
´
Communicate Internally
´
Identify consumers· needs
´
Applications of the products p roducts
4
P¶S OF MARKETING DEPARTMENT
´
Product
´
«
Woven Fabrics
«
Woven Bags
«
Tarpaulins
Price «
Current rate of HDPE/LDPE/PP HDPE/LDPE/PP Plastics Granuals + Processing Charge (Wages, Electricity, Maintenance, etc.) + Profit = Price of Final Product
´
Place International Market ²
China
²
Burma
²
South Africa
²
Bangladesh
²
South Korea
National Market ²
Maharastra
²
Gujarat
²
Andhra Pradesh
²
Kerala
²
Punjab
By. Abhishek Neogi
35
HR DEPARTMENT ´
It is the function of guiding HR in to dynamic organization that attains its objective with high degree of morale and satisfaction t those who are concern. It is concern with employe employees es as well as group and helping the employers to maximize their capacities and potentialities to the possible ext extent. ent.
36
HR VISION ´
To attain organizational excellence by developing dev eloping & inspiring the true potential of company·s human capital & provid providing ing opportunities oppor tunities for growth, growth, well being and enrichment.µ ´
37
HR MISSION ´
To create a value & knowledge based organization by inculcating a culture of learning, innovation & team working and aligning business priorities with aspiration of employees employ ees leading to development of an empowered, empow ered, responsiveness and a nd competent human capital.µ ´
38
HR OBJECTIVES ´
´
To provide job contentment through empowerment empow erment accountability and Responsibilities.
´
To foster a climate of creativity, innovation and enthusiasm.
´
To enhance the quality of life of employees and their family.
39
OR ANIZATION C ART
40
RECR RE CRUIT UITM MEN ENT T & SE EC ECTI TION ON PR PROC OCES ESS S Job
Recruitment Planning
Vacancy
-Numbers -Types Strategy Development -Where -How -When Searching -Source Activation
-Selling Pool of Applicant
Preliminary Interview
Permanent Selection
6 months Probation period
2nd Intervie w by
Managers of respective Department 41
SOURCES OF RECRUITMENT ´
Union Quality Plastics Limited believes believes in Internal Recruitment. The recruitment by this company is centralized and is done by BOD.
42
SELECTION PROCESS IN UNION QUALITY PLASTIC LTD IS CARRIED OUT AS FOLLOW:
Searching of Profile of the applicant those have applied for for jobs. ´ The unwanted applicants which are totally not suitable for the post are screened out or are kept safely safely for junior post. ´ After the screening of applicant the venue, time and date for interview are fixed. ´ The applicants who are suitable for the job are sent the call letter or are called by company. ´ Then the interview is being conducted by BOD. ´ The applicants who match the requirement for the job are sent the offer letter or final letter for the job . of fered is accepted by by the applicant, then the ´ If the job offered employment emplo yment contract is being signed by the applicant and the organization. ´
43
INDUCTION All BOD·S are expected to plan a formal induction programmed for for all the candidates joining the company in order to help the candidates in Acquiring g an ov over er all grasp of companies operations. ´ Acquirin ´ Integration of his assignment without other functions. ´ Understanding the organizational values and work cultures. ´ The induction programmed also includes visiting factories and markets wherever necessary before the employees settles downs on his specific assignments. ´ There will be a monthly presentation for employees joining during that month on the company. ´
44
TRAINING ´
TYPES OF TRAINING PROGRAMS
´
REGIONAL TRAINING INSTITUTE: It is training given on regional based. This training is mainly for staff members.
´
GRADUATE TRAINING: It is also known as induction training. It introduces new joiners to organization. 45
TRANSFER POLICY Individual preference and recommendation of the asset manager Project\functional heads are the basis for job rotation\transfers. However, organization needs will be the prime-determining factor.
´
´
Executives not to be shifted if they Executives t hey have have served ser ved only two years in a station.
´
Sensitive posting are to be rotated after every every three years.
´
Field party personal working physically physically for five years in north nort h east sector There treated to have have completed completed their tenure in north - east sector. 46
COMPENSATION ´
Accidental insurance
´
Employee welfare committees I.
Indoor games
II.
Outdoor games
III.
Sports, annual sports and any other athletic activity
IV.
Cultural activities including audio-visual activities.
V.
Library cum reading room
VI.
Any other activity, which may be specially approved by the central
VII. VIII.
IX.
Welfare Welf are committee. The committee consists of a president, a vice president and ten other Members. 47
PERFORMANCE APPRISAL ´
Performance appraisal is the system used to evaluate evaluate the performance of employees, and to provide some rewards and incentives on their performance. Performance appraisal focused primarily on helping the individual to develop his\her present role capability for that role.
´
To provide feedback to employees so that they come c ome to know where they stand and can improve improve job.
´
To know the strengths str engths and weakness of individual so as to identify needs of training.
´
To provide the motivation to the employee.
´
To develop positive superior subordinates relationship.
´
To test effectiveness of recruitment and selection programs 48
EMPLOYEE WELF WELFARE ARE COMMITTEES COM MITTEES ´
EWC have been set up in various offices\projects, of fices\projects, to cater the athletic, cultural, literary and other welfare and recreational activities of the commission·s co mmission·s employees. employees.
49
By. By. Rahul Pandey Pandey
FINANCE FINANC E DEP DEPARTMENT ARTMENT ´
Finance department looks after all the financial needs of the entire department in the organization. It prepares budget, which shows sh ows the present status of o f the company company..
ACCOUNTING RATIOS Accounting ratios are the relationships expressed in mathematically terms between the figures with each other in any other manner. It is widely tool for the financial analysis. One can draw conclusions about the exact financial position position of a concern with the help of the ratios. Classification of the Ratios: Traditional Classification: The Traditional Traditional Classification has been on the basis of the financial statement to which the determination of of ratio belongs. The Traditional Ratio Ratio may be classified as; ´
«
«
«
Profit & Loss Account Ratios, i.e., Ratio calculated on the basis of the items of Profit & Loss Account only. only. e.g. .Gross profit ratio, Stock turnover ratio, etc. Balance sheet ratio, i.e., Ratio calculated on the basis of the items of Balance sheet only. E .g. .g. Current ratio, Debt equity ratio, etc. Inter ² Statement ratio, Ratio calculated calculated on the basis of both the items of Balance sheet as well as the Profit & Loss Account, e.g. Fixed asset turnover ratio, Profitability ratio, etc.
Functional Classification: The Traditional Traditional Classification has been found to be too crude c rude and unsuitable uns uitable because analysis of balance sheet and income statement can·t be done in isolation. So in such situation s ituation the Functional Ratios Ratios are very useful. Functional Ratio may be classified as; ´
´ ´ ´ ´
Liquidity ratios. Turnover ratios. Profitability ratios. Financial ratios.
Mar '00
Mar '01
Mar '05
12 mths
12 mths
12 mths
Total Share Capital
4.82
4.82
4.82
Equity Share Capital
4.82
4.82
4.82
Share Application MoBalance ney Sheet of Union Quality Plastic Industries .
0.00
0.0-----------0 0.00 ------- in Rs. Cr. ------------ -------
Preference Share Capital
0.00
0.00
0.00
-9.81
-12.25
-17.75
0.00
0.00
0.00
Networth
-4.99
-7.43
-12.93
Sec red Loans
12.55
13.19
12.94
4.55
4.24
4.82
Total Debt
17.10
17.43
17.76
Total Liabilities
12.11
10.00
4.83
Sources Of Funds
Reserves Reval ation Reserves
Unsec red Loans
Mar '00
Mar '01
Mar '05
12 mths
12 mths
12 mths
Gross Block
9.63
9.67
9.66
Less: Accum. Depreciation
3.61
4.21
6.53
Application Of Funds
Net Block
6.02
apital
ork in ro ress
5.46
3.13
0.00
0.00
0.00
Investments
0.02
0.01
0.01
Inventories
2.22
1.50
1.46
Sundry Debtors
3.71
3.05
1.80
0.10
0.74
0.18
urrent Assets
6.03
5.29
3.44
Loans and Advances
3.02
2.31
1.11
Fixed Deposits
0.67
0.00
0.00
Total
9.72
7.60
4.55
0.00
0.00
0.00
urrent Liabilities
3.69
3.11
2.88
rovisions
0.00
0.00
0.00
3.69
3.11
2.88
ash and Bank Balance Total
A, Loans & Advances
Deffered
Total Net
redit
L & rovisions
urrent Assets
Miscellaneous Expenses Total Assets
6.03
4.49
1.67
0.05
0.04
0.03
12.12
10.00
4.84
Contingent Liabilities
Book Value (Rs)
0.12
1.55
0.00
-10.32
-15.41
-26.83
Profit & Loss Accounts (Rs. in millions) March March - 2005 (12 months)
Sales
%
97.68
+1.00
Other Income
0.17
+0.00
Total Income
97.85
-
Raw Material Cost
79.22
+0.81
Excise
0.00
Other Expenses
20.97
+0.21
Operating Profit
-2.52
-0.03
Interest Name
0.00
Gross Profit
-2.52
-0.03
Depreciation
5.96
+0.06
-8.31
-0.08
Profit Bef. Tax Tax
0.00
Net Profit Other her No NonIncome
-8.31 ecurr currin ing g
-0.08
0.00
eported Profit
-8.31
Equity Dividend
0.00
-0.08
SWOT SWO T ANAL ANALYSIS YSIS Full form of SWOT
´
S strengths W weaknesses O opportunities T Threats
´
Meaning of SWOT
´ ´ ´
Environmental scan
Internal analysis
Strength
weaknesses
external analysis
opportunities
threats
SWOT ANALYSIS OF UNION PLASTIC LTD. STRENGTHS... Our products has obtained Certificate Cer tificate of Quality as per ISO Standard 9001:2000 for HDPE/LDPE and Woven Fabrics with Specialization in Tarpaulins from ORION Registrar, Inc; USA High standards of business ethics and organizational values. Providing quality quality products for customer satisfaction ´
Weakness Limited capital Bad working environment Weak management ´
Opportunity Diversified capital Domestic market. Strive for customer delight through quality products and ser vices. ´
Threats Huge competition Technology ´
CONCLUTION ´
Every activity has a purpose or an objective behind it. This project has helped us in gaining experience and acquiring certain knowledge about the company in practical life.
´
It believes in maintaining good relationship with the customers & suppliers.
´
The tarpaulin manufactured over here is of good quality so customers are reliable about the product.
SUGGESTIONS ´
Union Quality Plastics LTD should work towards increasing its profitability
´
Inventory ordering should be managed in such a manner as to reduce the lock up of funds in inventories.
´
Working environment should be improved for the safety of the workers.
´
New technology should be adopted for increase in profits.
