Beruflich Dokumente
Kultur Dokumente
PROJECT REPORT
ON
FOR
SUBMITTED BY
ANKIT SODANI
(2005-2007)
BRACTS
VISHWAKRMA INSTITUTE OF MANAGEMENT
PUNE - 411048
CERTIFICATE
TO WHOMSOEVER IT MAY CONCERN
This is the original study of Mr. ANKIT SODANI. The sources used by
him have been acknowledged by in his report. The report is submitted in
the partial fulfillment of two years full time course in MASTER IN
BUSINESS ADMINISTRATION (2005 2007) as per the guidelines of
the Pune University.
Preface
Acknowledgement
It is always a difficult task to acknowledge all those who have been of tremendous help
in an academic project of this nature and magnitude nevertheless, I have made a sincere
attempt to express my gratitude to all those who have contributed to the successful
completion of this project through this project report.
As I presents this report on Estimation of Market Size and Potential of Fibre
Cement Boards For Mumbai Market In Everest Industries Ltd. West Zone
Mumbai. I am aware of the humanity and gratitude towards all the individuals who
have so kindly offered me their time, skill, knowledge, advice, and facilities, or
guidance.
I am extremely grateful to Mr. Rahul Chopra Vice President (Marketing) Everest
Industries Ltd. West Zone Mumbai (Company guide) for giving me this opportunity
to develop this project and making all the resources available to me with the intention
of success of this project.
I would also like to thanks Mr. V. P. Singh Manager (Marketing) of Everest
Industries Ltd. West Zone Mumbai (Company guide) for his idea, advice,
knowledge, and about all his support throughout this project, which was constant
source of inspiration.
I also take this opportunity to express my deepest gratitude to my Project Guide Prof.
Yuvraj Lahoti (College guide) for his constant support, guidance and encouragement.
My special thanks to MANAGING DIRECTOR of EVEREST INDUSTRIES
LIMITED INDIA for giving me the permission and opportunity to work in his esteem
organization for 2 months internship program.
Last but not the least I would like to thanks my parents and my all family members, all
the employees and all my friends who have always been a strong support during the
entire course of my project and without their co-operation the completion of this project
would not have been possible.
ANKIT SODANI
Sr. No.
1.
2.
3.
Title
Executive Summary
Introduction to the Topic
Reason for Selecting the Topic
Page No.
1
2
3
4.
5.
6.
7.
8.
9.
10.
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5
12
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11.
12.
13.
14.
15.
16.
35
36
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1. Executive Summary
The following report deals with the project undertaken for Everest Industries
Ltd. The company is in the manufacturing & marketing of fibre cement roofing
& building material products. It manufactures non-asbestos plain boards. It also
manufactures corrugate roofing sheets, flat fibre cement boards and E
BOARD CLASSIC (designer cement board). Everest is the first company to
launch fibre cement boards and designer boards first time in India. Everest is the
only company who manufacture quality non-asbestos cement boards in India.
The project is the study regarding
ESTIMATION OF MARKET
BOARD and E
image as a Brand and trying to reach at a height where nobody can even
imagine. The brand is very popular and oldest in India. EVEREST brand is well
known in Mumbai.
The project for estimating market size & potential of the brand, market position,
size/potential of other brands, reasons for not expected potential of the brands
after well known of brand in Mumbai only. Company s weak points and other
problem and solution and suggestion for them so that company may be able to
know where does the brand stand? and what steps company needs to be
taken in order to increase the existing market potential of company, largest
market size or share of the brand? So that it may increase expected market
share of company. Any company cannot afford to be ignorant in the competitive
market if they want their products to be successful.
BOARD and E
problem and suggestion or recommendation for them. Thus, there was immense
work to do be done. This all does include a very intensive Market research.
Actually it involves field work as well as deep study of market mix of the brand.
An intensive market survey of dealers and retailers were needed to complete.
This topic was related to purely market survey and it was real market research.
Thus, the topic was interesting, challenging, learning, and very much real.
The company was facing the problem of availability, timely delivery / supply,
quality, and service, as compared to other brands in the market; the project was
a real challenge and so become interesting.
As the product was a BUILDING MATERIAL product and BUILDING
MATERIAL sector is the most booming, growing and competitive sector at this
era. In this sector much more scope of learning and much opportunity. This is
the sector, which gives that experience that no any other sector can give. No
marketer can survive in the competition in this sector without sound strategy
and policy. Therefore the project was challenging as well as learning.
I had to study the product market in depth and information regarding brand (E
BOARD and E
competitors, their strategy, their strengths and company s weaknesses. This all
involves a deep market research and thus were quite challenging and
knowledge.
Thus, the project was great opportunity for me and as I always wanted to have
experience of the competitive BUILDING MATERIAL sector, hence I opted
for the project.
4. Objectives
Title of the Project
Estimation of Market Size and Potential of Fibre Cement Boards for
EVEREST INDUSTRIES LIMITED
Objective of the Project
1. Primary Objective
The primary objective of the project is to determine the total potential of
fibre cement boards for Mumbai market.
2. Secondary Objective
1. To determine the Market Share of E-Board & Competitors
2. To determine the Present Market Position of E-Board
3. To determine the sale in project as well as retail segments
4. To identify the problems or any kind of steps that needs to rectify
5. Suggestions and Recommendations
Scope of the Project
The project was done for the fibre cement boards.
It was completed for the Everest industries ltd
Area for the study Mumbai and Thane district
Sample size was 210
It covers only west zone information.
5. Company Profile
EVEREST INDUSTRIES LIMITED
About Company
Everest Industries Limited is the pioneer of the fibre cement products in the
country and is one of the fastest growing building material companies in India.
It started operation in 1934 at Kymore in Madhya Pradesh and today has 3 other
plants at Nashik in Maharashtra, Podanur in Tamil Nadu, and Kolkata. All the
manufacturing units are IS / ISO 9001:2000 certified. The Kymore and Podanur
in Tamil Nadu manufacturing units are also accredited with IS / ISO 14001, the
global standard for environment management system. The company has an all
India presence with a wide distribution network. It has a modern R&D center at
Nashik.
The company has a wide and well organized sales and distribution network all
over the country with a turn over of around RS. 200 crore (RS. 2 billion), the
company is going through a phase of consolidating its recently launched new
generation products and maintaining the leadership status in fibre cement
industry.
Everest Industries Limited is not only a manufacturer of corrugated roofing
sheets, accessories and cement board but also provide complete solution to your
need of industries and commercial roofing, exterior and interiors.
Everest Industries Limited pioneered fibre products in Asia and is one of the
fastest growing building material company in India. It started its operations in
1934 and today, has ultra modern exporting facilities spread across India. All
exporting units are as per IS / ISO certified.
We offer a versatile range of fibre cement products covering both roofing as
well as boards. Our product range has gained wide acceptance in Asia, Africa,
south pacific and Europe.
10
experience in producing over 600 million sq. mt. of roofing and over 15 million
sq. ft. of fibre cement boards. Our currently capacity for producing non
asbestos fibre cement roofing and boards are 4.6 million sq. ft. and 10 million
sq. ft. per annum respectively. All our products conform to International
Standards and Manufactured with Latest European Technology.
We believe in providing more durable, more efficient, market oriented superior
alternatives to traditional building materials. This is achieved by continuous
product and process development though strong R&D and technically
competent manpower. The combinations of innovative building solutions along
with our trained manpower enable us to provide excellent pre and post
sales
service.
mixture of Portland cement, treated cellulose fibres finely ground silica and
quartz and other select mineral fillers at a state
sophisticated, digitally
of
the
mixture are cement and cellulose fibre. Cement acts as a hydraulic binder and
the cellulose fibres interlock with the cement and quartz matrices to add
strength to the boards. Absolutely no asbestos is using during the entire process,
making our products 100% asbestos free.
11
Company Photo
Network
The Company has direct sales Offices in each of the metro cities in India
supported by Sales representatives and Dealers all over the country. The
Company has also exported its highly successful product of fibre cement board,
designer board, acostyle and hi tech to the US and to a smaller extent, the
Middle East, Netherlands, Italy, Chaina and Germany.
12
NORTH ZONE)
REGISTERED OFFICE)
EVEREST
CONSALTANCYDIRECTORET, CRS
KAILAS, PART
I, NEW DELHI
110048 INDIA
TEL; 91-22-55985914
FAX 91-22-55985913
FAX 91-11-26464006
e-mail wzsales@everestind.com
e-mail info@everestind.com
web site www.everestind.com
KOLKATA (EAST ZONE)
PODANUR P.O.COIMBATORE
ROADGARDEN RESEARCH,
TEL 0422-2413816
TEL 033-24695814
FAX 0422-2413633
FAX 033-24669920
Email szsales@everestind.com
Email ezsales@everestind.com
The company has identified 19 locations to appoint the sales team. The
locations along with the cities included in that location are listed in Table 1.
TERRITORY COVERED
NORTH
SOUTH
EAST
WEST
Delhi
Chennai
Guwahati
Mumbai
Chandigarh
Coimbtore
Kolkata
Nagpur
Allahabad
Bangalore
Raipur
Pune
Indore
Hyderabad
Bhubhneshwar Ahmedabad
Jaipur
Jamshedpur
13
Surat
14
S.NO.
1
2
3
4
5
6
7
8
COMPETITORS
NAME
EVEREST
BISON
CHARMINAR
SWASTIK
SHAKTI
HILUX
LOTUS
TOTAL
% OF
MARKET SIZE
36
33
17
6
4
2
2
100
EXISTING COMPETITORS
17%
6%
4%
EVEREST
BISON
2%
33%
2%
CHARMINAR
SWASTIK
SHAKTI
HILUX
LOTUS
36%
Interpretation
Mumbai market is very competitive market because there is maximum number
of competitors and brands are available. In cut throat competition like this, to
maintain the market leadership is very difficult task. There is the graphical
presentation and list of competitors are available with the market share. Out of
100% market Everest is the current leader of market with share as 36% where as
Bison and Charminar are biggest competitors with leading market share of 33%
and 17 % respectively. Other companies share remaining pie with respective
market share.
15
Organization chart
Managing Director
Executive Director
Confidential
Secretary
DGM (Roofing)
Manager (Mkt)
(MAH)
Manager Finance
Accountant
Manager (Mkt)
(GUJ)
Cash Officer
ASM
Mumbai
ASM
Gujarat
ASM
RoM
16
DGM (Boards)
Maharashtra
Gujarat
Mumbai
6. SWOT Analysis
Strengths
70 years of rich experience
Technical expertise
Strong Research & Development support
Brand name
Weakness
Non availability in boards
Some quality issue
lack of systemized after sales service & feedback
Opportunity
construction industry is rocking
As Everest has got good technical expertise, they can enter into the
different segment with these products.
Threats
Strong will of our competitors to enter into our area of expertise.
Lot of other brands coming in India. Foreign players are also willing to
get into this segment
17
7. Product Profile
Product Range
Everest Industries Ltd. is the pioneer of the fiber cement product in the
country. It is a manufacturing company. It has many numbers of products in its
product line. It produces 7 different type of fibre cement product.
Board
E Board
E Board Classic
E Board Endura
E Grid
Acostyle
Rapicon
Roofing
Everest
Everest Hi
Tech
Others
Roofing accessories like Ridges, Gutters, and North Light Curves etc.
Refuse Disposal System, Septic tanks and custom made fibre cement
About Products
E Board - Multipurpose Cement Boards
E
Board
Board with
attribute of fire, termite and moisture resistance, dimensional stability and easy
workability (easy to cut, saw, nail, screw, drill) thus making it the most
preferred and first choice of the architects and interior designers.
The versatile E
applications.
18
19
pre
weight, pre
engineered,
coated exposed laying system which can be easily and quickly assembled
Grid components are compatible with all standard fitting and fixture like
air conditioning ducts & diffuser, smoke detectors, fire extinguisher etc. and are
also compatible with standard illuminating system to provide a better
appearance to the interiors.
giving you a
asbestos fibre
building solutions. With the great look and acoustical quality it will change the
way interiors look and sound forever.
20
8. Theoretical Background
Marketing Strategy
Following a successful concept test, the new
preliminary marketing strategy plan for introducing the new product in the
market. The plan consists of three parts.
1. The first part describes the target market s size, structure, and behavior, the
planned
product positioning; and the sales, market share, and profit goals
Business Analysis
After management develops the products concept and marketing strategy, it can
evaluate the proposal s business attractiveness. Management needs to prepare
sales, cost, and profit projections to determine whether they satisfy company
objectives. If they do, the concept can move to the development stage. As new
information comes in, the business analysis will undergo revision and
expansions.
Estimating Total Sales
Total estimated sales are the sum of estimated first
sales, and repeat sales. Such estimation methods depend on whether the product
is a one
tome
purchase product, sales rise at the beginning, peak and later approach zero as
the number of the potential buyers is exhausted. If now buyers keep entire the
market the sales will not go to down zero.
21
initially increase and decrease as fewer buyer left (assuming a fixed population).
Repeat purchases occur soon, providing that the product satisfies some buyers.
The sales eventually falls to a plateau representing a level of study repeat
purchase volume; by this time the product is no longer a new product.
In estimating sales, the manager s first take is to estimate first time
purchase
age distribution
units that fail in year one, two, three and so on. The low and of the distribution
indicates when the first replacement sales will take place. The actual timing will
be influenced by a variety of factors. Because replacement sales are different to
estimate before the product in use, some manufactures base the decision to
launch a new product solely on the estimating of the first
time sales.
For a frequently purchased new product, the seller has to estimate repeat sales
as well as first time sales. A high rate of repeat purchasing means the customers
are satisfied; sales are likely to stay high even after all first time purchase take
place. The seller should note percentage of repeat purchase that takes place in
each repeat
purchase class: those who rebuy once, twice, three times, and so
on. Some products and brands are bought a few times and dropped.
22
development.
The most complex method of estimating profit is risk analysis. Here three
estimates (optimistic, pessimistic, and most likely) are obtained for each
uncertain variable affecting profitability under an assumed marketing
environment and marketing strategy for the planning period. The computers
simulates possible out comes and computers a rate
of
return profitability
23
9. Research Methodology
Meaning:
Research means the process of getting knowledge and that can be carried out
either arbitrarily or in a systematic fashion. It is a purposive investigation.
Research process involves defining the problem, formulating the hypothesis,
organizing and evaluating the data, deriving inference and conclusion after
careful testing.
Definition:
According to Bery A careful investigation or inquiry specially through search
for new facts in any branch of knowledge
Redman and mory defined research as
knowledge
For every comprehensive research, a proper research methodology is
indispensable and it has to be properly conceived. The methodology adopted by
me is as under:
Data to be Collected
Data includes facts and figures, which are required to be collected to achieve the
objective of the project. In order to determine the current market size, potential
and market share of E
24
Secondary Data
Secondary data are that type of data, which are already collected, available,
analyzed, or assembled by someone else. And need not to collected from
outside. These types of data were
a. Company profile
b. Product profile
c. Competitor knowledge
The aforesaid data were collected through Internet and company s financial
reports, newspapers, and interior products magazines.
b)
Observations
Dealers and retailers as the elements of channel of distribution are the most
significant for the success of a building material product; they were taken under
consideration as the samples for the survey. The questionnaire is present further
in the annexure.
Sampling
Sample is the small group taken under consideration from the total group. The
small group represents the total group, in the project the market segment, which
was ask to be studied was Mumbai market but there was a limitation of the
project to approach all the stockiest, dealers and retailers of the city. The areas
selected for the sample are present further in annexure.
25
Mumbai Market
Random Sampling
Contact method
Direct Survey
210
S. No.
Area covered
No of outlets
covered
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
Dader
Thane
Maszid
Byculla
Ghatkopar
Vashi
Colaba
Grat road
Santacruze
Dahisar
Andheri
Chembur
Malund
Vile Parle
Malad
Ulhas Nagar
Panvel
20
15
20
20
15
15
7
15
12
6
20
9
13
15
12
7
6
18.
Total
210
Mumbai more than 5000 outlets available but for the study of this particular
project, the above mentioned sample outlets were selected because of the
constraints like geographical coverage, time frame of the project.
Data Evaluation
The extensive data collected through the questionnaires was evaluated to arrive
at the market size, market potential and the market share of the company. This
compilation was put into the charts for getting the information at a glance and
easy availability for ready reference.
26
TOTAL SALES
(TONNEGEWISE)
MARKET SHARE IN
%AGE (TOTAL MKT)
325
36
BAISON
300
33
CHARMINAR
150
17
SWASTIK
50
HILUX
40
SHAKTI
18
LOTUS
15
TOTAL
898
100
BRANDS
E
BOARD
2%
TOTAL SALES
2%
4%
E
6%
36%
BOARD
BAISON
CHARMINAR
17%
SWASTIK
HILUX
SHAKTI
LOTUS
33%
27
Interpretation
A total average monthly sale of fibre cement flat sheets in Mumbai market is
898 MT considering the sample size of this particular project. Out of 898 ton
Everest is largest seller with 325 ton, subsequently Bison and charminar are
next competitors of Everest with 300 & 150ton avg. monthly sales respectively.
Remaining 123 tones avg. monthly sales is shared amongst other four
companies.
Everest sells around 325 MT out of 898 MT & has 36% of market share
being the brand is current market leader.
Bison captures 33% market share with the sale of 300MT and stands on
second position, which is closest competitor of Everest.
Charminar has 17% market share with the sale of 150MT, which can be a
future threat to both Everest and Bison. Shows that strong competitor of
Everest
Swastika has 6% market in fibre cement flat boards in Mumbai.
Hilux lotus and Shakti have got 4%, 2, and 2% market share respectively
from the remaining 8 %.
28
SALES
(TONNEGEWISE)
%AGE MARKET
SHARE (RETAIL)
BISON
150
32
130
29
CHARMINAR
90
20
SWASTIK
35
HILUX
27
SHAKTI
13
LOTUS
10
TOTAL
455
100
BOARD
RETAIL SALES
2%
3%
6%
BISON
8%
32%
E - BOARD
CHARMINAR
SWASTIK
20%
HILUX
SHAKTI
LOTUS
29%
Interpretation
Total potential in retail segment is around 455 ton, amongst all Bison leads the
market by sales of150 ton (32%) followed by Everest with 130 ton (29%) and
then Charminar with 90 ton (20 %), remaining 85 ton (19 %.) is shared amongst
other 4 competitors.
29
SALES
(TONNESWISE)
%AGE MARKET
SHARE
(PROJECT)
195
44
BISON
150
34
CHARMINAR
60
14
SWASTIK
15
HILUX
13
SHAKTI
LOTUS
TOTAL
443
100
BRANDS
E
BOARD
PROJECT SALES
44%
E
BOARD
BISON
1%
CHARMINAR
1%
SWASTIK
3%
HILUX
3%
SHAKTI
34%
14%
LOTUS
Interpretation
Total sales in project segment are around 443 ton. Amongst all E - Board leads
the market by sales of 195 ton (44%) followed by Bison with 150 ton (34%) and
then Charminar with 60 ton (14 %), remaining 38 ton (8%) is shared amongst
other 4 competitors.
30
500
450
400
350
300
250
200
150
100
50
0
455
443
RETAIL
195
PROJECT
150
150
L
TA
TU
10 5
LO
AK
TI
13 5
TO
2713
SH
AS
TI
K
SW
IN
AR
AR
BI
SO
3515
CH
ES
ER
EV
90
60
HI
LU
130
S A LE S
BRANDS
Interpretation
This is the comparative presentation of total retail and project segment sales.
This chart showing that in retail segment competitors have got more market
share and in project segment Everest is current market leader.
31
% OF
RESPONSE
NO.
AWARNESS
170
81
25
12
NONE
15
TOTAL
210
100
YES / EBC
EBC/EQUIVALENT
PRODUCT AWARENESS
7%
12%
YES / EBC
EBC / EQUIVALENT
NONE
81%
Interpretation
As far as dealers are concerned out of 210 dealers, 170 dealers are well aware of
EBC, which covers 81% of the total dealers surveyed. On the other hand 25
dealers are known to ECB equivalent like DECOCIL (15), NCL (6), SHERA
(1) and VISAKA (3). Only 15 dealers were not aware of any of the brands,
neither EBC nor any mentioned here.
32
PARTICULARS
NO.OF DEALERS
%OF BRAND PULL
YES
113
54
NO
97
46
TOTAL
210
100
46%
YES
54%
NO
Interpretation
While survey out of 210 dealers sample it was found that the 54% consumers
are demanding for a specific brand of fibre cement board, where as 46%
consumers does not have demand of particular brands. So that it indicates
consumer are more aware about various brands available
33
NO.OF
CUSTOMERS
32
27
23
12
7
6
6
113
BRANDS
CHARMINAR
BISON
EVEREST
SWASTIK
SHAKTI
HILUX
LOTUS
TOTAL
% AGE OF
CUSTOMERS
29
24
20
11
6
5
5
100
5%
5%
29%
6%
CHARMINAR
BISON
EVEREST
11%
SWASTIK
SHAKTI
HILUX
20%
24%
LOTUS
Interpretation
The survey revealed that 29% consumers prefer Charminar in comparison to other
brands where as 24% consumer prefer Bison and brand pull of consumers is very
low for Everest i.e. 20% consumer come to purchase Everest out of 100% (113)
sample size. Rest of the four companies shares remaining market share .
34
FACTORS
QUALITY
PRICE
SERVICE
AVAILABILITY
CREDIT
ANY OTHERS
TOTAL
% AGE OF
PREFERENCE
36
28
18
6
4
8
100
NO.OF CONSUMERS
41
31
20
7
5
9
113
41
45
40
35
30
25
20
15
10
5
0
31
20
FACTORS
ER
IT
TH
ED
AN
CR
BI
L
LA
AV
AI
Y
IT
E
VI
C
SE
R
IC
PR
AL
I
U
Q
TY
VALUE
FACTORS
Interpretation
Out of 113 dealers during the survey it was found that 41 consumers first
preference to Quality and want superior quality product, while 31 consumers
preference to price and 20 customers want service. Remaining give preference
to availability (7%), credit facility (5%), and other prefer well-known products
(9%).
35
PARTICULARS
YES
NO
TOTAL
NO. OF DEALERS
%AGE OF
RECOMANDATION
109
101
210
52
48
100
RATIO OF RECOMMENDATIONS
YES
48%
52%
NO
Interpretation
Out of 210 dealers it was found that 109 (52%) dealers recommend specific
brands and 101(48%) dealers does not recommend any brand. Ratio of dealer s
recommendation is higher over dealers not recommend
36
RECOMMENDING RCOMMENDATION
CHARMINAR
31
29
BISON
24
22
EVEREST
20
18
SWASTIK
13
12
SHAKTI
HILUX
LOTUS
TOTAL
109
100
6% 5%
CHARMINAR
29%
8%
BISON
EVEREST
SWASTIK
12%
SHAKTI
HILUX
22%
18%
LOTUS
Interpretation
Out of 109 samples it was found that 29% dealers recommend Charminar brand,
22% dealers recommend Bison and only 18% dealers recommend Everest. So it
clearly shows dealers are least interested with the brands and not happy with
brand policy. Remaining around 34 dealers (31%) recommend other brand.
37
REASON
AVAILABILITY
SUPPLY
MARGIN
PRICE
QUALITY
SERVICE
TECHNICAL SUPPORT
COMPANY GOODWILL
CREDIT FACILITY
TOTAL
NO. OF DEALERS
24
21
18
16
9
7
6
5
3
109
%AGE OF
DEALERS
21
19
17
15
8
6
6
5
3
100
SUPPLY
8%
17%
MARGIN
6%
6%
5%
19%
3%
21%
PRICE
QUALITY
SERVICE
TECHNICAL SUPPORT
COMPANY GOODWILL
CREDIT FACILITY
Interpretation
The survey showed that out of 109 samples
21% dealers give first preference to availability
19% give preference to supply.
17% give preference to margin.
15 % give preference to price.
8 % give preference to quality.
6% give preference to service.
Remaining 14% give preference to technical support, goodwill of
company and the credit facility respectively.
38
Modes of Advertisement
MODE
WALL
PANTING
HOARDINGS
RADIO
TELEVISION
NEWS PAPER
DIRECT MAIL
TOTAL
NUMBER OF
DEALERS
%AGE OF
PREFERENCE
75
57
49
13
9
7
210
37
27
23
6
4
3
100
4% 3%
6%
WALL PANTING
37%
HOARDINGS
RADIO
23%
TELEVISION
NEWS PAPER
DIRECT MAIL
27%
Interpretation
The survey conducted among 210 dealers showed that 75 dealers suggest that
company should advertise through wall paintings, where as 57 suggest that
advertisements to be on hoarding board and 49 dealers suggest that radio
advertisements to be aired and remaining 13% suggested that it should be T.V.,
Print media and Direct mail as the mode of advertisement.
39
11. Findings
Findings of the project are listed below:
industry on overall basis facing lot of shortage because of lot of demand against the
short supply. Everest products have very much demand in market but company not
able to fulfill the same.
2. Timely delivery of material is also great problem of Everest. Company is not able
to deliver the material at right time, at right place, at right quantity.
3. As far as quality concern the quality of E
products in category.
11. Due to non availability of fast moving item like 4 mm and 6 mm of E-Board, now
the network is tending towards other
40
12. Limitations
The research project had some limitations that are listed as below.
1.
TIME FRAME: The time allotted for the project was two months, was
major constraint for the study.
2.
3.
.
4.
SAMPLE SIZE: The project was restricted for a particular sample size
or the part of network channel. The random sampling technique could
have lead to chances of some errors.
41
13. Conclusion
mumbai market it has got a good brand name in projects and retails both. But in
last one year due to non availability of material network are little bit confused
and that s why some of them had shifted to other brand in retail.
The fact and figure itself talk about the market potential of brand and
competitors. In mumbai market EIL has got maximum potential and market
share with good brand name. Bison and charminar is the strong competitors of
brand. Everest is the current market leaders but it facing the some problem of
Availability, Timely delivery, service and quality. Company must improve
Availability,
Timely
delivery,
service
and
quality
by
considering
recommendation and findings otherwise brand may loss the market position and
competitors may market leaders.
Although E Board has got a good name and most of the dealers are willing to
deal with E Board only so EIL has to focus towards the points recommended in
this project report.
42
14. Recommendations
1. Company should increase the production capacity.
2. Company should bridge the gap between demand and supply with effectiveness
measures like establishing Depot in Mumbai for E-Board.
3. Company should focus on quality issue of E-Board 4 & 6 mm and even EBoard Classic 4 & 6 mm as these are the sizes which are fast moving in
Mumbai market.
4. Company must improve the logistic management and cost and time effective
transport facilities.
5. Company should provide after sales service to consumer by adopting best
consumer relationship management.
6. Company should provide timely delivery by six sigma model, like i.e.
dabbawala, McDonald, pizza hut.
7. Company should give the maximum benefit to distributors by introducing some
kind of lucrative schemes to motivate their network to sell more as well as
increasing their profit margins.
8. Company should also think about establishing some hoardings at strategic
locations to increase the visibility of the Brand.
9. Wall painting also can be done in outskirt of Mumbai markets.
10. Brand should be advertised on radio, television and print media at local and
national level in local language during some festive seasons.
11. Manpower should be designed in such way so that every part of the mumbai can
be covered very effectively, that is the way we can increase our retail sale.
12. We should come out with some good policy to take care of the breakages, so
that the co. and their dealers get satisfied with the policy.
13. Company should sale the product on the basis of (USP) unique selling
proposition.
14. Company should adopt the (JIT) Just in Time model for cost effectiveness and
availability, Total Quality Management model (TQM) for quality, and Six (SS)
Sigma model for good service i.e. dabbawala, pizza hut, McDonald.
15. Company should take the systemized feedback of consumers and provide after
sales service and also customer loyalty program should be organised
16. Company should encourage the sub
43
15. Bibliography
BOOKS
Marketing Management
Philip Kotler.
Marketing Management
Rajan Saxena.
Research Methodology
Marketing Research
C.R. Kothari.
Beri.
REPORTS
Monthly Report of the Company.
WEBSITE
www.everestind.com
www.google.com
44
16. Annexure
Questionnaires for dealers
Boards
Average
Inventory
Level
Dealers
Retail
Project
E Boards
Charminar
Bison
Swastika
Hilux
Shakti
Lotus
Total
45
Products
Rank
E Boards
Charminar
Bison
Swastik
Hilux
Shakti
Lotus
7. Rating the product on the basis of service / availability?
8. Could you suggest which company has maximum dealers in Mumbai?
Ans.
9. Which company does more and effective advertisement and sales
promotion activity?
Ans.
10. Do you think advertisement increase sales and market share of company?
If yes which media is more effective in your view?
Wall Painting
Hoarding
Television
Radio
Print media
Direct mail
[
[
[
[
[
[
]
]
]
]
]
]
11. How many competitors are available in market for FC Boards / Equivalent?
S. no.
Name
46
NOTE:-
..
Address
.
...
Respondent s name
...
Type of business
Designation
Date & Time
..
Phone No.
..
Email ____________________________________________
47
S. No.
Area covered
No of outlets
covered
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Dadar
Thane
Maszid
Byculla
Ghatkopar
Vashi
Colaba
Grat Road
Santacruze
Dahisar
Andheri
Chembur
Malund
Vile Parle
Malad
Ulhas Nagar
Panvel
20
15
20
20
15
15
7
15
12
6
20
9
13
15
12
7
6
18
Total
210
48