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AT
PRECOT MERIDIAN LIMITED
WALAYAR, PALAKKAD
NITHYA.A
REG.NO: 098001153033
2009-2011
walayar, Coimbatore-105
CERTIFICATE
NITHYA.A
(Reg.No.098001153033)
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Principal
DECLARATION
DECLARATION
Date : NITHYA.A
Place : Coimbatore
ACKNOWLEDGEMENT
ACKNOWLEDGEMENT
I express my heartfelt thanks to Dr.Rajeshwari Krishnan,
faculty guide as well as Principal and Dr.Vanithamani, Head of
the Department of MBA, Sree Narayana Guru Institute of
Management Studies, for permitting me to do the project.
I express my sincere thanks to Mr. GURUVAYURAPPAN,
HR Manager and Ms. SUBY SAMSON, DO(H) of PRECOT
MERIDIAN LTD for her valuable guidance.
NITHYA.A
CONTENTS
CONTENTS
1. INTRODUCTION
2. OBJECTIVES OF THE STUDY
3. COMPANY PROFILE
4. ORGANIZATION CHART
• ORGANOGRAM UNIT-C
• ORGANOGRAM UNIT-D
5. DEPARTMENTS OF THE COMPANY
• HR DEPARTMENT
• PRODUCTION DEPARTMENT
• FINANCIAL DEPARTMENT
• PACKING DEPARTMENT
6. CONCLUSION
7. BIBLIOGRAPHY
INTRODUCTION
INTRODUCTION
Textile:
Indian textile traditions are reputed all over the world and admired for their beauty,
texture and durability. India has a diverse and rich textile tradition. The origin of
Indian textiles can be traced to the Indus valley civilization. The people of this
civilization used homespun cotton for weaving their garments. India had numerous
trade links with the outside world and Indian textiles were popular in the ancient
world. Indian silk was popular in Rome in the early centuries of the Christian era.
Hoards of fragments of cotton material originating from Gujarat have been found
in the Egyptian tombs at Fostat, belonging to 5th century A.D.
The most ancient of Indian texts and scriptures, like Rigveda, the Ramayana and
Mahabharata talk of the finesse of Indian textiles. The ancient sculptures too bear
testimony to India’s rich textile traditions. Paintings depict figures in fine, delicate
and decorated fabric. Cotton, Muslin, silk and other Indian textiles were some of
the most traded products from India. Each Indian region has its own textile –
characterizing it in terms of designs, weaving patterns and techniques, colors and
texture.
COMPANY PROFILE
Precot meridian is one of the oldest groups which started its mill in 1958, promoted
by N.Damodaran. Precot Meridian limited (PML) was incorporated in 1962 in
Palakkad, Kerala, to produce cotton yarns with an initial capacity of 12096
spindles. Precot Meridian limited made its maiden issue in 1962. Production of
cotton yarns commenced during 1964.The Precot has symbolized Quality and
Trust in the textile industry. With four decades of spinning experience and a
diverse range of products that include cotton yarns, sewing threads, fabrics and
garments; Precot is one of the few totally integrated textile players with a total
turnover of 90 million US Dollars. The Group has state of the art infrastructure
facilities and skilled personnel to rise up to customer expectations. The group has
been accorded the status of ‘Export House’ by The Cotton Textile Export
Promotion Council of India (TEXPROCIL).Precot exporting its products to
Belgium, China, Italy, Japan, Malaysia, Portugal, South Korea, Turkey and U.K.
This has been approved by the High Court of Madras vide its order dated
30th August and 1st Sept, 06. As per the scheme of Merger, the shareholders of
MIL are entitled for one share of Precot for every two shares of MIL.
Accordingly the share certificates of Precot were dispatched in Dec, 06 to
those shareholders who have surrendered the certificates of MIL.
Shareholders of MIL, who are yet to claim the certificates of Precot can,
do so by sending the MIL certificates along with the following application duly
filled in to the registrars.
The name change is in tune with the transformation of the company from
a pure spinning mill into an integrated textile player. The company apart from
manufacturing cotton yarn and polyester sewing thread has also commenced
manufacture of yarn dyed shirting fabrics. It proposes to venture into garment
manufacture also in due course.
The original Logo with the cotton flower embedded in letter P in green
colour, was created in 1962, when the company commenced operations in
cotton spinning. The new logo with the theme ‘Riding the wave of confidence”
contains a wave formation with the Letters P & M embedded therein in Bright
Red and Navy Blue symbolizing the dynamism and sense of confidence that
goes with those colours.
Precot Mills group
B-Unit
C-Unit
C-Unit is at Chandrapuram, Walayar Dam (post), Palghat (Dist), Kerala.
Unit was established in the year 1992.Factory is build up in an area of 9600 square
meter.
D-Unit
MIL-Unit (A & B)
MIL is an another group of companies under PRECOT MILLS group of
companies. Factory is situated at Nanjegoundenpudur, Achipatti (Post), Pollachi.
Unit was established in the year 1994.
Present spindlage of the factory is 21504 and spinning yarn ranging from
18s to 60s of both carded and combed.
About Precot C
(Late) Sri.N.Damodaran
Export: 70%
General Information
Lunch timing
Weekly Holiday
• When an employee enters the mill we has to collect the card from the
security main gate and handover the same at gate while leaving.
• Dormitory is provided for ladies inside the mill promises with mess facility.
• In all shifts shift supervisor / SIC will be these to look after the shift.
For preventing Fire hazards, Fire extinguishers are fixed in all departments. It is to
be used as per the type of fire occurred.
ORGANOGRAM
UNIT-C
UNIT-C
AM - ADMINISTRATIVE MANAGER
DIVISIONAL HEADS
TO (M) – SUDHEER.A.K
SQO – ANANDABABU.C
HRD
DO (H) – JYOTHISH.K.G
ADMINISTRATION
DO (S) – PERUMAL.B
DO (Y) – SIVAKUMAR.A
DO (A) – HARIHARAN.R
ORGANOGRAM
UNIT-D
DIVISIONAL HEADS
DO (H) – JYOTHISH.K.G
ADMINISTRATION
DO (S) – PERUMAL.B
DO (Y) – SIVAKUMAR.A
DO (A) – DEEPAK.K.M
DEPARTMENTS OF THE COMPANY
HR DEPARTMENT
Induction is a technique by which a new employee is adjusted to the change
surroundings and introduced to the practices, policies and purposes of the
organization .It is a welcoming process, the idea is to welcome a new comer make
him feel at home and generate in him a feeling that this own job, however small is
meaningful and has a significance as a part of the total organization. The new
comer is explained what is expected of him and for this he is explained the sales
and regulations policies and procedures that directly affect him.
5) ISO system
6) 5s
a) He is made aware of how his job hits into the overall operation of the
organization, his own duties and responsibilities and to who he should look
for when he has problems. He is then taken around the factory to show him
the attendance procedures and other time office formalities, canteen, first
aid box, toilet, lockers, Quarters and other facilities. He will then be
acquainted with the public transport facilities available from his place of
residence to factory and oriel ACT, ESI, PF, Bonus, Workmen
compensation maternity benefits and gratuity.
b) Apart from the statutory benefits HRD department has to initiate welfare
schemes like the following: An induction program for workmen and staff
consists of:
4) To hand over his machine in good condition and to eliminate usable waste
producing in the shift.
All the workers shall be given the above training. New trainees required
shall be given induction training. According to the training needs identified by
their superiors, refresher training shall be given, job instruction to be followed in
different departments to be explained.
TRAINING
PERFORMANCE/POTENTIAL APPRAISAL
-Set specific, measurable, achievable realistic and time bound (SMART) goals.
HRD department has to take necessary steps to comply with statutory requirements
under Factge education.
Details of Benefits
1) All permanent employees and probationers on scale are eligible for this
benefit.
3) Children of staff and EFI / I grade employees are eligible for the benefit
from school to the completion of college education.
B. EDUCATIONAL LOAN
a. Company shall extent loan for the education of the staff and the payment of
capital fee if any for the children of the staff.
b. The loan amount shall be 75% of the tuition fees/capitation fee subject to a
maximum of 6 time monthly basic salary as on January.
c. Eligible: Those who have prior experience and fitted into scale are eligible after
one year service in the company 3 year are also eligible.
e. The repayment shall be made from salary and bonus over a period of 3 to 5 years
in equal monthly installments.
f. Security: There will be no security for the above loan. However, before the
disbursement of the loan a consent letter from the employee confirming that at the
time of his/her leaving the company, the outstanding loan amount could be
recovered from the dues that may be payable to him/her.
1. One full time clerk to be appointed by the society with the salary Rs.1000
per month
2. Joint account will be opened under fair price shop and cheque sign authority
will be two of GM/PM/AM/LWO
3. Food grains and other cosmetics will be purchased from wholesale dealers
with quotations at competitive rates.
D. HOUSE LOAN
e) This facility can be extended up to 120 members who are loyal and sincere.
Agreements to be made for loan facility from SBT.
Management agreed to give guarantee for deduction to the above loan and
management to be provided amenities like water, electricity, streets etc. It is easy
for workmen to repay the loan by monthly installments.
E) MARRIAGE PRESENTATION
Cost of momento
Workers-Rs-500
For staff, newly married couple will be presenting the above momento on
staff get together party.
If any staff member retires or resign after 20 years of service in the company
a moment to be presented on behalf of the company to recognize his long
service to company .
Value of momento:
Designation 20 – 25 years, above 25 years managerial or technical
Rs 15000 to Rs 25000
F) FAMILY PLANNING
Object: To create friendly atmosphere among staff and their families once in
quarter with families. Management contribution is of the actual expenses
subject to maximum of Rs 4000 per year.
H) HOUSE JOURNAL
I) WELFARE FUND
A contributory welfare fund should be started in order to extend loan
facilities to workers in times of emergency, medical expense, education,
marriage expenses etc. The loan should not be extended for purchase of any
luxury items. Monthly contribution to be deposited in the bank and the
transaction to be authorized by a management representative.
4) It should be made clear to the bank that the company is responsible for
deduction of wages or salary and the same will be done only till worker or
staff is in the employment of the company.
K) FAMILY TOUR
L) ANNUAL DAY
M) UNIFORM
N) NAMES
Community services shall be carried out for the benefit of the neighboring
villages of the circuit. Detailed proposal along with budget shall be
submitted to supreme for approval.
Absenteeism Policy
a. For every workman, authorized leave maximum 2 days per month shall be
sanctioned. If leave or absent exceeds 2days in a month the workmen shall be
counseled by HRDO/HOD.
b. If the authorized leave exceeds 12 days in 6 months the workmen shall not be
entitled for increment during the training/apprenticeship period.
c. The workmen who absents for two consecutive days or more shall be counseled
by HRDO/HOD for first time and warning notice shall be issued for second and
third time.
f. If a worker remains absent for 8 consecutive days and more without any
information he shall be deemed to have the employment. However if gives
satisfactory explanations for such absence GM’s decision shall be final.
Employee reactions
HRD department is responsible to develop and maintain better relations in
the unit. Monthly meeting has to be arranged with workers and trade unions. For
agreement negotiation called by management attendance shall be given to two –
office bearers or union. If the dispute is raised by the union the attendance shall be
given on the date of signing settlement before government officials.
Grievance procedure
1) If any employee has any grievance he should inform the same to the
concerned staff member and the staff member must give him replay within
24 hrs.
2) If the employee is not satisfied with reply he can approach the HOD and
HOD must replay him within 24 hrs.
3) If the employee is not satisfied with replay he can approach HRDM/O and
HRDM/O must replay him in consultation with him within 3 days and that
shall be final.
Suggestion Scheme
As per this system each safety member shall be entrusted with a group of
workers and the staff member shall be responsible for the attendance efficiency of
those workers. The staff member should help the employee in settling the personal
and work related problem if any.
It is suggested that the staff members have a personal discussion with the workers
at least once in a month and visit his family once in a year.
HRD Audit
Exit interview
When an employee leaves the service of the mill on its own or retires an exit
interview shall be conducted using the prescribed format. The employee should be
required to complete the format and clarifications if any shall be made by the
HRDO.
General
1) For every employee should one personal file should be maintained by HRD dept
and it should contain all documents and records related to that employee.
2) Every year awards or prizes shall be given to employees for best attendance
performance of work, suggestion etc.
3) If any accident or fire occurs in the mill proper investigation of accident or fire –
causes, time intensity has to be carried out by HRD department and necessary steps
to be taken to avoid the reoccurrence of such incidents.
PRODUCTION DEPARTMENT
Production department is in C&D Units of Preacot Meridian. C&D Units are at
Chandrapuram, Walayar Dam (post), Palghat (Dist), Kerala.
Here raw material is converted into finished goods through various process. The
raw material ‘Bale’ is stored in two godowns, godown A and godown B.
Blow room is a room which is used to separate the waste from bale. The main
wastes are
• Hair
• Jute
• Colour fiber
• Coir
• Cloth bits
Various machines are used to separate the waste from the bale. First the employees
clean bale as far as possible by them and then they put it into the machine for
further cleaning. From one machine bale is going to a number of machines. Here
machines are interconnected by each other.
• Blendomet
• Metal detector
• Max flow
• Unimix
• Vetal csan
• Lottex
Preparatory department
Carding is the process in preparatory department. In this cotton will come through
crosol-pipe and turns to sliver. Sliver is a type of thread. There are ten crosol
machines will work at a time.
• PCD Machine
PCD means Pre Comber Drawing Machine. In PCD four slivers joint
together and become one sliver. The time taken for this process is half an
hour.
In this machine 24 slivers will be joining spool and make one lap and then
lap is wrapped in spool.
• Comber machine
Here 8 laps will become one sliver. The process is called Procuring process.
• Simplex machine
Placing 150 cans in simplex machine which turns to rowing(thread) and
bobbing(one role of thread).
Spinning department
Under Auto corner department U-V Chamber is using to find out the defects in
thread in which is difficult to find out by the human eyes. In U-V Chamber Ultra
Violet rays are using.
Steam conditioning is doing under YCP. Before steam conditioning weight of one
cone is 1.890 Kg. After steam conditioning the weight of one cone is increase to
1.920 Kg. The time taking for Yarn conditioning is 20 minutes.
PROCESS CHART OF PRECOT MERIDIAN
Bale issue
Mixing
Blow room
Carding
SL/RL/M/c
Comber
Drawing
Simplex
Spinning
Packing
Stocking
PACKING DEPARTMENT
Here the finished goods (threads) are packing. There are 3 types of packing is
doing in packing department. They are
1. Local packing
2. Export packing
3. Palet packing
Local packing is the packing of finished goods which is going to sell in local
market (domestically).
Export packing is the packing of finished goods which is going to sell in foreign
market. In export packing one box contains 24 cones. The box weight is in
between 45.36 to 45.50Kg.
In palet packing one box contains 432 cons. Its Net Weight is 756Kg and its gross
weight is 805 Kg.
FINANCIAL DEPARTMENT
Capital investment – 69500000
Expenses
CONCLUSION
A lot of effort has gone into this training for generating the report. A great
deal of day and night hard work has turned into such a wonderful report. The
training gave me a good exposure about how a textile factory is functioning. The
people in the Organization gave all necessary information required for my
Organizational study. They also helped me to understand the various departmental
activities in a very short span of time. I hope that this report will provide a clear
picture of the Company and the various departmental functions.
BIBLIOGRAPHY
BIBLIOGRAPHY
www.precot.com
www.google.com