Sun creations

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INTRODUCTION AND DESIGN OF THE STUDY

INTRODUCTION The garments industry in India is one of the best in the world. An extremely well organized sector, garment manufacturers, exporters, suppliers; stockiest and wholesalers are the gateway to an extremely enterprising clothing and apparel industry in India. There are numerous garments exporters, garments manufacturers; readymade garments exporters etc. both in the small scale as well as large scale. Garment Manufacturing and Export industry, which most of us know is the real engine of growth for the whole textiles sector in India. Without substantial and quick development of this sector, there is not much scope for the growth of Indian Textiles for exports. Foreign buyers look for a complete package as finished product and not only fabric. Most of the far-eastern countries especially China have developed there textile sector on the strength of garment industries in their regions. So we have to take a proven track for our growth.

Title of the study A report on Organization study on Sun creations

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Objectives of the study The main aim of this study is: To study the organization as a whole. To gain insight of the various departments in the organization. To know the organization structure. To know the functions and operations of the structural performers in the organization.
To know Quality issues and practices in the organization.

To conduct SWOT analysis. To study the manufacturing opportunities and make appropriate suggestions. LIMITATIONS Though the present study aims to achieve the above- mentioned objectives in full earnest and accuracy, it may be hampered due to certain limitations. Some of the limitations of this study may be summarized as follows: The findings could not be fully generalized.

Detailed information of the particular department may

not be completely revealed. SURANA COLLEGE PG CENTRE

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Time constraint.

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PROFILE OF TEXTILE INDUSTRY The garment industry has emerged as a dynamic and booming industry. This trade has got socio-economic importance as it is essentially a labor in extensive industry and has the potential to generate wide spread employment particularly of rural and backward areas. The rapid growth of this industry in the last few years revealed the massive export potential. The entrepreneur are setting up new factories and trying to employ more and more professional to take care of senior positions of their organization. To teach the various technical stages of garment making. Companies should also gear up with sophisticated machineries and proper infrastructure with pleasant environment to take care of the required quality standards and to meet the healthy competition in the international market. It is a major foreign exchange earner and, after IT, it is the largest employer with a total workforce of 35 men. In 2007 textile and garments accounted for about 18% of industrial production. The industry covers a wide range of activities. These include the production of natural raw materials such as cotton, Jute, silk and wool, as well as synthetic filament and spun yarn. In addition an exclusive range of finished products are made. The Indian textile industry accounts for about 23% of the worlds spindle capacity, making it the second highest after china, and around 6% of global rotor capacity.

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The industry has presence of large-scale production units a well a smallscale independent units. The industry is manufacturer driven with spinning having large scale operations and the retailing as the weakest link. However now India has reached more customers, due to our growth in vertical set up has grown international. Government policies will promote textile exports. By providing those subsidiaries of 8.8%.However lack of advanced processing capabilities, Economies of scale and Fragmented industry structure are some concerns to be addressed.

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COMPANY PROFILE SUN CREATIONS is a Bangalore-based, private garment manufacturer promoted by Sathish kumar, an eminent educationist, garment-specialist and entrepreneur from the Garden City. The garment unit is located centrally in the city and is only 20 minutes by drive from the Bangalore City Central Railway Station, on an 11,500 square feet plot located in a pleasant, pollution free site. The layout of the unit is well planned and Operating which has 11 years of experience in the Indian garment industry. Best-in-class business practices ensure that Sun Creations is a professionally organized and managed company with an excellent track record spanning more than 7 years. Sun Creations, which was started in the year 1996 under the name DRSR Exports, changed its name to Sun Creations in 2005. With steadily growing demand over the years, Sun Creations opened a new factory in the year 2003 with a production capacity of 1000 pieces per day. Our facility is AQL-standard compliant and has found to be to the conformity with our clients norms.

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We are currently operating at a 2.5 AQL Level. With all operational controls under one roof, there is always 100% monitoring and control of quality. Location: The building is of total area of about 9000 Sq ft with the possibility of expansion of each chain. The installed capacity of stitching is about 1000 pieces per day. The fabrics used are

Cotton Viscose Cotton/ Viscose Polyester Cotton Cotton Lycra Yarn dyed stripe Synthetic fabric Denims Poly Viscose Moss Threads Twill Georgette Moss-crape
Water proof fabric and many more.

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Vision SUN CREATIONS envisions a place for itself among the top firms in the Indian garment export industry, with maximum customer satisfaction and retention. Mission SUN CREATIONS business is to Manufacture Ready Made Garments for Mens, Ladies and Childrens. Our Aim is to exceed Customer's expectation through innovation, continuous quality improvement and people involvement. We will profitably grow along with stake and achieve market leadership in the core segments of our Business.

Core Values
Always strive to satisfy our clients Always maintain highest ethical standards Work hard, respond quickly and learn continuously

Work as a team by minimizing inefficiencies and communicating openly

Support innovation, creativity and enterprise Care for our clients, as they are assets of the company Treat our client as a partner in our progress

Always strive to improve the performance of the company.

Motto SURANA COLLEGE PG CENTRE

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TOTAL QUALITY & CUSTOMER SERVICE Clients: The clients are the heart of the business and all the actions of the company must lead to their satisfaction. People: People are the greatest asset and strength. All success will only be achieved through their involvement and teamwork. GUIDING PRINCIPLES Quality means satisfying customer requirement, which is our top priority. To achieve this, the work we do must be right first time. Continuous improvement means we must eliminate waste in all areas of the business, such as scrap, rework, excess inventory, overlap and duplication. We must expose and solve problems at source, putting our efforts into prevention. We must evolve our processes to meet the changing customer need, always to improve quality, reliability and responsiveness. Dealers and our sales teams are our link to the customer, suppliers are our partners. We must work together to meet our common on objectives.

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Good working relationships are founded on trust, respect and fairness. We work as a team to solve problems in an open and constructive manner. A good reputation is hard won and easily lost. We must conduct our affairs within the company and in public to the highest standard of honesty and integrity.

Equipments
SUN CREATIONS is equipped with the state-of-the-art garment manufacturing machines like Juki and Single needle Sewing machines (100Nos make JUKI), Eastman Cutting Machine, Ramson Steam Press 05nos, Fusion machine o1. Factory runs with a Electricity power of 75 HP and back-up power of 82.5 KVA. WORK FORCE SUN CREATIONS has engaged nearly 150 skilled and 50 semiskilled employees who are qualified to carry out high quality production.

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List of Equipments

SL NO

DESCRIPTIONS

BRANDS

MODEL NO

NO OF M/C

SINGLE NEEDLE LOCK STITCH M/C SINGLE NEEDLE AUTO THREAD CUTTING M/C SINGLE NEEDLE LOCK STITCH M/C SINGLE NEEDLE EDGE CUTTER STRAIGHT KNIFE CUTTING M/C 8 FUSING M/C DOUBLE NEEDLE SNAP ATTACHNG M/C OVER LOCK

JUKI

5530

55

BROTHER

12

BROTHER

40

JUKI

EASTMAN

629 BLUE STREAK HP 440

6 7 8 9

HASHIMA JUKI NAGAI SING JUKI

1 12

NS-45 2366N
13

4 12

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10 BARTAK M/C 11 KEY HOLE 12 BELT MAKING M/C 13 FEED OF ARM 14 IRON TABLE 15 GENERATOR

JUKI LSM KANSAI JUKI

5 1 2 2 5 82.5KV 1

Business Partners
SUN CREATIONS produces all kinds of Woven Garments for Ladies, Mens and Kids. We are proud to be associated with the following Prestigious Clients as their vendor: Gokuldas Images and Exports
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Next Fashion Export Awesome Sports wear Karle Exports All-time Fashion Silk Fashion Exports Choudhary Exports B Sorabji Etc

Following are the labels Manufactured for the above mentioned partners Nike Reebok H &M Wal-Mart C &A Zara Allen Solly Peter England By ford
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Export Brands
WOOLRICH, U.S.A CAILLOU LPPSA, FRANCE PRIMER ROLE, FRANCE ARVIND (LEE KIDS) KIABI, BABIES & LADIES MAUI & SONS , FRANCE

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PRODUCT PROFILE

Product range: SURANA COLLEGE PG CENTRE

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Sun creations is one of the pre-eminent Manufacturer and Exporter of Fashionable Ready-made Garments like Ladies Skirt, Mens Jacket, Ladies Top, Mens Shirt and Ladies Trouser. The company also has its own wellestablished sources for fabrics and trims so as to enable it to give garments a finishing touch at a cost-effective price. The company also believes in service, quality and on-time deliveries. Other range includes regular tennis and boxer shorts in knits and woven, basic T-shirts, formal shirts, trousers etc.

Customers Details: Sun Creations has major clients in India as well as abroad. Few of them are listed as follows:

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Clients Details

India

Foreign

Premier role, Madura goats Indus lease Zolla Cotton division

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Director

HRD MGR

GEN MGR MARKT MGR FINANCE

PRODUCTION MGR

HRD OFFICER

MGR ACCOUNTS

SR.OFFCIER MARKETING

ASST MGR PRODUCTION

ORGANIZATION CHART
HRD ASST ASST MGR ACCOUNTS MERCHANDISERS SUPERVISORS

ACCOUNTS OFFICER

WORKERS

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ACCOUNTS ASST HELPERS

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FUNCTIONAL DEPARTMENTS List of Departments:

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Production Department Cutting Department Quality Control Department Human Resource Development Department Stores Department Finance Department

4.1 PRODUCTION DEPARTMENT

Introduction: The production department is one of the core parts in every processbased industry. Addition, it plays a vital role in the organization for smooth going in every sugar industries; LOCATION: The Production unit is located at #44, 60 feet road, Srinivasnagar, Pattegarpalya, Bangalore, Karnataka- 560072.

Production Capacity:

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The factory is equipped with state of the art machinery and equipment including high tech lab testing capabilities. Combed cotton yarns are procured only from the largest and most modern spinning mills in India where stringent controls guarantee exacting standards. Integrated elastic weaving and fabric knitting along with carefully controlled fabrics dyeing and processing ensure consistently high standards of finished garments. With modern and efficient production and quality control system led by a team of highly qualified technologists, quality standards are at par with Sun Creations products available worldwide. GLOBAL COMPLANCE STANDARDS Sun Creations has been independently audited and approved by internationally recognized Intertek Testing Services (ITS) for safety and production system. The company has also been certified by the adherence to universally principles covering labor, human relations and all applicable local laws pertaining to industrial production.

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WORK FLOW MODEL:

Receiving fabric

Quality checkin g

Cutting

Stores

Sewing

Quality checkin g

Packing

Quality audit

Finished goods

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4.2 CUTTING DEPARTMENT Cutting Inspection

Marker gives the marker plan according to sizes, all the components with respect to the size, on a paper, which is done by plotter.

Then lays are laid on the table one above the above accurately; on this lay marker planned paper is placed.

Cutter with straight knife cuts according to the marker plan, thus different components are cut.

Inspection in cutting All the cutted components are inspected

If there are any defects, that panel is rejected ,and that rejected panel is are cut i.e. another replica is made. Again it is inspected by QC.

Then inspected components i.e. acc to sizes all the components are stored in a bag. This bag is sent for sewing section. Cutting is the very first process in garment manufacturing. The cutting department receives the fabric from the fabric department after inspection. The main objective of cutting section is cutting of garment parts accurately, economically and in sufficient volume to keep the sewing room supplied with work. SURANA COLLEGE PG CENTRE
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As soon as fabric receives after inspection, a sample of fabric is sent to testing for shrinkage test, once it approved then widthwise segregation is done for fabric bundles and then issued to the cutting process. According to the size ratio and production rate of sewing department cutting section plans for the lays to be laid. INSPECTION PROCEDURE
Every fabric has to be inspected 100% incase 15% with the consent of

concerned merchandiser approvals. The fabric is inspected in a full width The distance from the machine should not be more than 3 feet. Any defect shall be counted in accordance with the length of the defect. 4.3 QUALITY DEPARTMENT Quality is the main feature in a product that delights the customer by either meeting or exceeding expectations. As per ASQC (American Society for Quality Control) Systematic approach to the search for excellence. Fitness for use i.e. combination of characteristics or properties of product which makes the product usable. Quality is every bodys concern. A product of service noted for its quality is never happened by accident. It is the result of careful planning, control and management process. SURANA COLLEGE PG CENTRE
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Managing of quality and quality importance: Most of the people have a conceptual understanding of quality has relating one or more desirable characteristics that a product or service should possess. What is quality? Many of us attribute different terminology to the term quality. For many, quality is good appearance, better prints of color, better durability etc., however quality means conformance to requirements. Popular definitions is Quality is what customer ask Definition given by ISO is as follows Degree to which a set of inherent characteristic* fulfills requirement. In many manufacturing process there are two general aspects of fitness for use Quality of design and Quality of conformance. Before commencement of production operation commences, it is necessary to understand what is to be designed and made. This follows the actual manufacturing of the intended product. Finally it must be ascertained whether me product designed and manufactured is what was intended. Hence it is convenient to mink of all matters related to quality of a product n terms of three functions i.e. specifications, productions and inspection.

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Continuous improvement process is the focus of todays quality revolution. In companies that are involved in this revolution, this continuous improvement has two components

1. Philosophy 2. Problem solving/ graphical techniques Philosophy: there are common points in the operating philosophies in these companies they are follows: That improving quality by removing the causes of problems in the system inevitably leads to improved productivity. That the person doing the job is most knowledgeable about the job. That people want be involved and do their job well. That every person wants to feel like a valued contributor. That more can be accomplished working together to improve the system than having individual contributors working around the system. That a structured problem solving process using graphical techniques produces better solutions than in an unstructured process. That graphical problem solving technique let us to know where we are. SURANA COLLEGE PG CENTRE
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Though a number of statistical techniques are used in industrial, manufacturing and other business situations mostly used and widely understood statistical tools are known as seven quality control tools.

The most commonly practice quality control tools in the company are: Process pro diagram Check sheet Run chat Control charts Histogram Pareto chart Cause and effect diagram Structure of Quality Control Department

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Classification of defects: The standard calls for defect to be classified critical, major and minor. Critical defect: A critical defect is a defect that judgment and experience indicate is likely to result in hazardous or unsafe conditions for individuals using, maintaining or depending upon the product or a defect that judgment experience indicate is likely to prevent performance of the tactical function. Major defect: It is a defect other than critical that is likely to result in failure or to reduce materially the liability of the unit of product for its intended purpose. Minor defect: It is a defect that is not likely to reduce materially the usability of the unit of product for its intended purpose or is a departure from established standards having the bearing on the effective use or operation of the unit.

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YARN DEFECT: Slub Snarl Slft yarn Hairiness Uneven loops Needle breakage Dropped stitches Wrong yarn Irregular loops Oil streaks Vertical lines Thick place DYEING DEFECTS: Shade variations Hazzy dteing Streaks Specky dyeing Colour spots Colour bleading Crease marks SURANA COLLEGE PG CENTRE
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Patches PRINTING DEFECTS: Misprint Repeat marks Uneven printing Print impression Colour stains Hazzy printing Poor whiteness Print washout SEWING DEFECTS: Open seam Skipped stitches Broken stich Seam failure Excessive seam Improper stitch balance Ragged edges Needle cutting

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PACKING DEFECT: Wrong folding size Wrong folding method Wrong hang tag Wrong tissue paper Missed hang tag Missed tissue paper Poly bag torn QUALITY CONTROL DEPARTMENTS 1. Fabric quality department 2. Cutting quality department 3. Sewing quality department 4. Final wash checking 5. Finishing 6. Product safety department SURANA COLLEGE PG CENTRE
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FABRIC Key job responsibilities. Assurance of quality incoming fabric knits. Generating report based on the shed and shrinkage values. Implementation of quality system in section. Record and documentation to meet ISO standards. 100% inspection for all.

Shade or shrinkage 100% checking for all roles Actual garments wash for shade and shrinkage activity Cutting A quality control person who checks and monitors the procedure. Quality control should check each component of the entire garment. After cutting quality control indentifies any fabric defect on cut pieces and recut if necessary. Defect has to be recorded in the report form with number of bundles examined. SURANA COLLEGE PG CENTRE
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Production (Sewing) Confirmation to buyer requirements on construction. Cross checking the batch layout to that of idea allocation. Cross checking the trim card to trim used in the batch. Monitoring the m/c settings. Monitoring on operator to m/c quality and construction altering the supervisor and production team for positive action. Critical issues are highlighted through traffic light system.

Finishing Confirmation to requirement of the product. Cross checking the construction. Cross check on trim card on to trim approved. Auditing based on the AQL systems. Cross check on the presentation of the garments that to approved STD. SURANA COLLEGE PG CENTRE
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Records and documentations. Hourly production reports. Audit report on workmanship, measurement specification and packing. Final audit report on packed goods. Trim auditing 100% auditing of all the trims and accessories will be done by Q.C. Approval of trims and accessories is based on the merchant preapproval. Record and documentation. Product safety This department ensures the product is being manufactured in safe condition so as to avoid any mental contamination in the garment. To meet the satisfaction of the customer safety.
Employees are also taking of the products safety care.

Management duties in maintaining the quality 1. Management is linear in spending money on required materials and machineries.

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2. They check day to day quality progress with the help of quality assurance department. 3. They identify the workers problem in maintaining the quality if any. 4. They provide facilities for their work and to get good output from them 5. They provide good quality machineries and other required materials which are necessary to maintain the quality. 6. They check the documents day by day to solve the problems if any.

4.4

HUMAN RESOURCE DEVELOPMENT DEPARTMENT

CHIEF MANAGER HRD DEPT

TRAINING MANAGER

ASST TRAINING MANAGER

INSTRUCTOR

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Human resource department: Function of Human resource: Training need assessment Vocational training Internal and external training Recruitment Appraisal Promotion Apprenticeship training Transfer Wage and Salary admin Grievances handling Disciplinary action Personnel admin
Sun Creations is committed to a healthy work environment and the well

being of employees. Global manufacturing has brought a whole new spectrum of possibilities. To succeed, the company is committed to high quality products - and high standards for our employees.
The company is proud of our tradition of conducting its business in

accordance with the highest ethical standards and in compliance with the laws of the United States and have the countries in which it produces, buys and sells its products. Sun Creations is committed to legal compliance and ethical business practices in all operations and seeks to do business with Suppliers who share that commitment. It actively seeks SURANA COLLEGE PG CENTRE
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to engage as its Suppliers, companies that offer their workers safe and healthy workplaces.
Sun Creations will not tolerate exploitative or abusive conditions once

known. No Code can be all-inclusive, but we expect our Suppliers to act reasonably in all respects and to ensure that no abusive, exploitative or illegal conditions exist at their workplaces.
Sun Creations enquires its Suppliers to extend principles of fair and

honest dealing to all others with whom they do business, including employees, Subcontractors and other third parties. We also require our Suppliers to ensure and to certify to us that no abusive, exploitative or illegal conditions exist at the workplaces of their Suppliers and Subcontractors. Sun Creations will only do business with Suppliers who obey the laws of the country in which they operate and the principles expressed in this Code of Conduct.
Sun Creations will only do business with Suppliers who have certified to

us that their business practices are lawful, ethical and in compliance with the principles set forth in this Code of Conduct. Moreover, Sun Creations will only do business with Suppliers who have agreed to be subjected to the scrutiny of its Compliance Program under which they will be inspected and evaluated to ensure their compliance with this Code of Conduct.
Forced Labor: Sun Creations will not purchase products or components

thereof from Suppliers that use forced labor, prison labor, indentured labor or exploited bonded labor, or permit their Suppliers to do so. SURANA COLLEGE PG CENTRE
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Child Labor: The company will not purchase products or components

thereof manufactured by persons younger than 15 years of age or younger than the age of completing compulsory education in the country of manufacture where such age is higher than 15.
Harassment or Abuse: Sun Creations Suppliers and Subcontractors

must treat their employees with respect and dignity. No employee shall be subject to physical, sexual or psychological harassment or abuse.
Non discrimination: Sun Creations Suppliers and Subcontractors shall

not subject any person to discrimination in employment, including hiring, salary, benefits, advancement, discipline, termination or retirement, on the basis of gender, race, religion, age, disability, sexual orientation, nationality, political opinion, or social or ethnic origin.
Health and Safety: Sun Creations Suppliers and Subcontractors shall

provide a safe and healthy working environment to prevent accidents and injury to health arising out of, linked with, or occurring in the course of work or as a result of the operation of employer facilities. Employers must fully comply with all applicable workplace conditions, safety and environmental laws.

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Freedom of Association: Sun Creations Suppliers and Subcontractors

shall recognize and respect the right of employees to freely associate in accordance with the laws of the countries in which they are employed
Wages and Benefits: The Companys Suppliers and Subcontractors

recognize that wages are essential to meeting employee's basic needs. Sun Creations Suppliers and Subcontractors shall pay employees at least the minimum wage required by local law regardless of whether they pay by the piece or by the hour and shall provide legally mandated benefits.
Work Hours: Sun Creations Suppliers and Subcontractors shall not

require their employees to work more than the limits on regular and overtime hours allowed by the law of the country of manufacture. Except under extraordinary business circumstances, Sun Creations Supplier and Subcontractor's employees shall be entitled to one day off in every sevenday period. The companys Suppliers and Subcontractors must inform their workers at the time of their hiring if mandatory overtime is a condition of their employment. Its Suppliers and Subcontractors shall not compel their workers to work excessive overtime hours.
Overtime Compensation: Sun Creations Supplier and Subcontractor

employees, shall be compensated for overtime hours at such premium rate as is legally required in the country of manufacture or, in countries where such laws do not exist, at a rate at least equal to their regular hourly compensation rate. SURANA COLLEGE PG CENTRE
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Contract Labor: Sun Creations Suppliers or Subcontractors shall not use

workers obligated under contracts which exploit them, which deny them the basic legal rights available to people and to workers within the countries in which they work or which are inconsistent with the principles set forth in this Code of Conduct.
Environment: Sun Creations Suppliers and Subcontractors will comply

with environmental rules, regulations and standards applicable to their operations, and will observe environmentally conscious practices in all locations where they operate.
Customs Compliance: Sun Creations Suppliers and Subcontractors will

comply with applicable customs law and, in particular, will establish and maintain programs to comply with customs laws regarding illegal transshipment of apparel products.
Drug Interdiction: Sun Creations Suppliers and Subcontractors will

cooperate with local, national and foreign customs and drug enforcement agencies to guard against illegal shipments of drugs.
Legal and Ethical Business Practices: Sun Creations Suppliers and

Subcontractors must fully comply with all applicable local, state, federal, national and international laws, rules and regulations including, but not limited to, those relating to wages, hours, labor, health and safety, and SURANA COLLEGE PG CENTRE

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immigration. The companys Suppliers and Subcontractors must be ethical in their business practices.
Penalties: Sun Creations reserves the right to terminate its business

relationship with any Supplier who violates this Code of Conduct or whose Suppliers or Subcontractors violate this Code of Conduct. Sun Creations reserves the right to terminate its business relationship with Suppliers who fail to provide written confirmation to Sun Creations that they have a program in place to monitor their Suppliers and Subcontractors for compliance with this Code of Conduct. Environment conditions for the work Neighborhood safety and cleanliness, attention to approaches. House keeping up keeping of premises, compound wall, gardens, and so forth. Passages and maintenance. Workshop, sanitation, temperature, humidity, ventilation lighting, elimination dust, smokes, fumes, gases. Control of effluents Convenience of comfort during work, i.e. operative postures and seating arrangements. doors, white washing of walls and

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Distribution of work hours and provision for rest hours, meal times and breaks. Supply of necessary beverages , tablets, and milk Workmens safety measures i.e. maintenance of machines and tools, fencing of machines , providing guards, helmets, aprons, goggles and first head equipments Notice boards, postures, pictures, slogans; information or

communication.

CONVENIENCES Provision for drinking water and water coolers Canteen services
Clock room, rest rooms, reading rooms and library.

Transportation facility for employees and workers. Employees Health services Factory health centre Dispensary Ambulance and emergency aid Medical examination for employees SURANA COLLEGE PG CENTRE
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Health education and health research Family planning services Employees Recreation Indoor games Strenuous games to be avoided during the intervals of work Corporate Environment Benefits

Sun Creations offers a competitive and comprehensive flexible benefits package, which includes: Insurance Medical Dental Life Vision Flexible Spending Accounts Retirement Enrichment Employee Discounts on Jockey Products Business Casual Work Environment SURANA COLLEGE PG CENTRE
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Summer Hours Flextime Vacation Buy Employee Appreciation Events Full-service, on-site Cafeteria Education Support Program and Individual Development Employee Assistance Program Adoption Reimbursement

4.5 STORES DEPARTMENT Stores or storage is the function of receiving, storing and issuing materials. It involves supervision or the clearance or incoming supplies, to ensure that they are maintained in good condition, safely and in readiness for use when required while they are in storage and issuing them against authorized requisitions. In short, it is connected with the physical handling and wellbeing of the stock. After inspection, the purchased material is taken to store for preservation if they are meant for stock in the stores department of the company. Preservation or storage is another aspect of materials management. With SURANA COLLEGE PG CENTRE
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proper management and co-ordination (particularly with purchasing, receiving and inspection), storage can contribute to effective operation of the company. Purpose The main job of the stores department is to ensure proper receipt of the raw materials and proper storage of the materials and to follow FIFO method.

Structure of Stores Department

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4.6 FINANCE DEPARTMENT Finance is the life blood and nerve system of any business organization, just as circulation of blood is necessary in the human body to maintain life finance is an essential to the business organization for smooth running of the business. Financial Management involves managerial activities concerned with the acquisition and the business purpose. The finance does with procurement of money taking into consideration of today as well as future need and finance is required to purchase machinery and raw materials, to pay salaries and wages and also for day-to-day expenses. This study is carrier out at Sun Creations, Bangalore. In this company Senior Manager is the head of the finance department with five deputy managers and the account officer. In their modern days, the scope of financial management is not so narrow. It is broadly concerned with the acquisition and use of funds by a business firm function is responsible for funds availability working capital management, capital expenditure control, cost reduction, accounts consolidation, pricing asset management, insurance and tax management and management information systems and statuary compliance.

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The finance section at Sun Creations Limited., can be classified in to two parts
1. ROUTINE

FINANCIAL MATTERS OF DAY TO DAY

TRANSACTION To look after cash and bank accounts. Investments Credit and collections Investors relations Debit and credit reconciliation. Correspondence with bankers. 2. SPECIAL FINANCIAL FUNCTIONS To monitor the financial function of the company. Arrangement of funds for payment to supplier and creditors. Working capital management. Cash flow and funds flow statements projections. Doing all the accounting jobs budgeting. Internal audit. Protection of assets. Correspondence with financial institutions. Monitoring investments to be made by the company. Cash management. SURANA COLLEGE PG CENTRE
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PAYMENT OF WAGES: Timely payment of wages to the tune of ten to fourteen works is paid on 5th of each month payment is made after preparing the wage sheets incentives payable to workers based on their productivity and also calculate the casual labors ranging between 500 to 700 are paid separate calculation.

PURCHASE ACCOUNTING: Responsibility of correct and times payment to the suppliers/vendors lies with the financial department, and entry is made into a MRIR control register. Then it is verified whether the details in the MRIR tally with bill sent by the supplies to the company. The bill is maintained in the pending bill file then MRIR contains details like item code, quality purchased, suppliers etc., it also remarks as inspection department as to whether the material has been accepted partially accepted or rejected.

BILLS PAYABLE: Finance department maintains a bills payable control register, which contains a bills payable number, name of the party, bill date, amount, income tax to be deducted. The bill is passed after complying the bill amount as per purchase order is accepted and can be paid along with the

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order. The bill payable vouchers is used to pass the journal entry when an advance payment is made this is attached to MRIR and the bill.

LIQUIDITY: Statement of weekly cash flow required and sent to the head office and local banks. BUDGETING: At Page Industries Limited., budgeting is done annually and quarterly budgeting may be said to be the act of building budgets. A budget is coordinated plan, expressed in financial terms, for the operations and resources of an enterprise for some. Specific period the marketing and production department faculty prepares a budget and finalizes the volume to be produced. The selling price and amount received from scrap is also determined based on the budget. The fianc department has to prepare expenditure budget capital budgeting. MIS: No separate MIS department to regulate information flow. But each department in company, such as stores, fianc and production, planning and control has their own MIS system, which they maintain in order to process information smoothly. EDP (ELECTRONIC DATA PROCESSING) SURANA COLLEGE PG CENTRE
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The need to process data is nearly as old as society itself. Data can be considered as a collection of symbols with a manner. It is always plunk. It may be number words, charts, names; address etc. computer is an integral part of EDP. In Page Industries Limited., the EDP section is well equipped with 13 monitors and 1 server. The data processing here involves the processing of large number of receipts output is in form of updated records reports invoice and other business documents. The Business data processing oriented computers are designed for getting output with high speed sorting and facilitate the conversion of stored data into report format. CASH MANAGEMENT: Cash is the most important current assets for operation of a business. Cash is the basic input needed to keep the business cash is the basic input needed to keep the business running on a continuous basis. It is also the output that is expected to be realized by selling the service or product manufactured by the firm. CASH FORECASTING AND BUDGETING: Cash budget is the most significant devise plan for and control of cash receipt and payment. Cash budget is a summary statement of the firms expected cash inflows and outflows over a projected time period. Cash fore casting may be done on short or long term basis the commonly used design for short term cash forecasts are, One year divided into months. SURANA COLLEGE PG CENTRE
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One quarter divided into months. One seventh divided into weeks.

SIGNIFICANT ACCOUNTING POLICIES: 1. Accounting basis and conversion: The accounts are prepared under accrual basis and under the historical cost convention method except for scrap sale proceeds. 2. Expenditure and Revenue Recognition: The expenses accruing in financial years and ascertainable with reasonable accuracy on cut off data are provided for in the accounts. DEPRECIATION: All fixed assets are stated at cost less depreciation. Fixed assets are capitalized at cost inclusive of installation and other incidental expenses. Depreciation in capacitor division is stated on straight line basis. At rates specified in schedule of the companies Act 1956. In the capacitor division the depreciation is calculated on basis of written down value method at the rates specified as under. Building 10% Plant and Machinery and equipment 25%, furniture 10% computer 60%, Vehicles 20% and 25%.

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Depreciation on additions during the year has been calculated for full year and items of plant and machinery and furniture and fixture costing Rs. 5000/- each has been depreciated full.

INVESTMENTS: All investments are considered as long term and are stated at cost. INVENTORIES: Inventories are valued at lower of cost or cost or net realization value. Stock of raw materials, stores, spaces and materials are valued at cost. The cost is determined of FIFO basis. Cost includes expenses on procurements, excise and custom duties. Cost of finished goods and work in progress includes cost of conversions and other costs incurred in bringing the inventories to their present location and condition.

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STRENGTHS Having a stable own financial resources for running the organization at domestic and international level The company has a good market share worldwide. Hence it requires less awareness or any advertisement for their products.

Adequate Number of Styles and Price Ranges Highest Brand recall because of its continuous promotion strategies

Good infrastructural facility that support a quick movement of raw material

Highly skilled and dedicated work force

WEAKNESSES The outlets do not offer incentives to the customers as offered by other companies. They do not have separate unit for training Sun Creations is giving credit to the dealers and hence cash flow is very slow. The cost of the products are high comparing with other competitor, because of heavy demand for their products the company is not allowing the employees to have rest periods. All though they may be paid over time remuneration, the healths of the employees are affected much.

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OPPORTUNITIES

More buyers are coming to the country New designs to satisfy the current trend Utilizing skilled manpower to maximum extended Modernization of company activities in case of Production (Eg CAD, SAP etc...)

Can increase market share in the basic range of garment products.

THREATS

The company has adopted and adopting a new technology according to changes in the production technology, quality and better services, but the employees is not having that much skill to work with the new technology as the company is not providing training to the employee because the employees are not giving any agreement with the company that they will stay for longer duration.

Many companies are entering the filed of manufacturing of under garments.

Cheaper import of raw materials from other country Stiff competition in the basic range of products in by the competitors

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SUMMARY OF FINDINGS World class sewing machines which are facilitated with international standards. Due to cut through in the market there has been some reduction in the market shares.

The company has quality certification for ISO-9001, ISO-14001, and ISO - 18001.

QS-9000, TS 16949, QI-Certification which is meant for its quality

Safety, productivity and environment protection. Insufficient time for completing task. Improper management of Raw materials. Almost all employees have undergone training in various levels.

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SUGGESTIONS
Increase the product profile. The company should hire more number of skilled workers.

The company should satisfy customer needs and try to create a good interaction with them.
Utilizing skilled manpower to maximum extended

Can increase market share in the basic range of products There should be contest for dealers and the dealer making the highest sales and timely repayment can be rewarded or can be offered free packages tours, cash incentives, gift vouchers etc. Pop display materials must be more attractive. If there are any discounts offers words like free, hurry, offer, product name and gifts etc should be made highly visible in the pop materials like danglers, posters and sun boards.

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Conclusion
It gave an opportunity to learn the practical knowledge in the corporate world. From the study it can be said that, the brand image of Sun Creations products of the company is well established in the market. The demand for the products is increasing at the same time while there is severe competition in the market. Competition is growing faster in such a way that the market is becoming wider and more competitors are arising. The organization has to give importance to dealers who play an important role in the market. Hence the company has to under take aggressive promotional activity to improve their sales. To conclude, it was an experience which has given an insight on how to apply and use the managerial concepts, functions, aspects practically in the corporate world. Its very important for individuals to get adjusted to the organization work culture. One more important aspect was work culture in the organization. Sun Creations has on excellent work culture for its employees hence it is able to perform better and maintain consistency in the global market.

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BIBLIOGRAPHY WEB SITES

1. www.ourindia.com/nift 2. www.ieo.org 3. www.apparel.indiamart.com 4. www.indiagarmentexports.com

5. www.suncreationindia.com BOOKS Production and Operation Management by Ashwathappa-1st Edition , 1999, Himalaya Publication.

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