Beruflich Dokumente
Kultur Dokumente
CHAPTER- 1
1
MONTAGE ENTERPRISES 2018
1.1 INTRODUCTION OF THE ORGANIZATION
Montage Enterprises is situated in Malanpur. Mr. Ashok Chaturvedi is the chairman and
managing director of the company. Here (Malanpur) has near about 900 employee (staff +
worker) 600 company employees and 300 to 350 employees contract employee. The head office
is situated in Noida and has branches in Haridwar, Silvasa & Malanpur. It is a subsidiary of
UFLEX.
Product range from – Printed and Unprinted, Packaging material, Met Pet, Poly, plastic bag
including carry bag for rice flour, pulses etc.
Montage Enterprises Pvt Ltd is a company that makes all kinds of packaging material like Toffee
wrapper, Pan Masala wrapper, Tea, Biscuit, Namkeen anything we pack in plastic, paper, Bopp,
Poly wrapper. Company only print the wrapper Roll and pouch and then sells it to the contracted
party, they then pack their products and sell it into the market. It is largest company of Asia in
Printed and Unprinted packaging material. Montage receive orders from national and
international companies.
OBJECTIVES
Trust & Respect: Proactively build inclusive and egalitarian partnerships with all stakeholders,
through the virtues of honesty of purpose, mutual trust and respect.
Innovation:Strive to be the front runner in technology and business, actively contributing to the
evolution of best practices in developing new and efficient packaging solutions to address
customers’ dynamic needs.
Global Perspective:Thinking globally and acting locally we leverage the power of global
insight, relationships, collaborations and learnings to deliver exceptional packaging solutions for
the clients.
2
MONTAGE ENTERPRISES 2018
VISION & MISSION STATEMENT
VISION
"Be a leading company and preferred supplier for providing flexible packaging solutions to
customers across the world maximizing value for all stakeholders"
MISSION
"To meet customers’ dynamic packaging needs by providing innovative, productive, cost-
effective, optimised and eco-friendly packaging solutions, continually adding value to their
business."
3
MONTAGE ENTERPRISES 2018
1.1ORGANIZATIONAL STRUCTURE
CMD
V.P.
DGM
AGM
Sn. Manager
Manager
Asst. Manager
Sn. Officer
Officer
Supervisor
Operator
G1 G2 G3 G4 G5
Asst. Operator
Helper
4
MONTAGE ENTERPRISES 2018
LIST OF INCIDENTIAL GOODS
5
MONTAGE ENTERPRISES 2018
CHAPTER 02
6
MONTAGE ENTERPRISES 2018
2.1 FINANCIAL PERFORMANCE
Financial records of an organization that registers all financial transactions, and must be kept at
its principal office or place of business. The purpose of these records is to enable anyone to
appraise the organization’s current financial position with reasonable accuracy. Firms present
their annual accounts in two main parts the balance sheet, and the income statement (profit and
loss account). The annual accounts of a registered or incorporated firm are required by law to
disclose a certain amount of information. And have to be certified by an external auditor that
they present a ‘true and fair view’ of the firm’s financial affairs.
7
MONTAGE ENTERPRISES 2018
CASH FLOW
8
MONTAGE ENTERPRISES 2018
PROFIT & LOSS A/C
9
MONTAGE ENTERPRISES 2018
BALANCE SHEET
10
MONTAGE ENTERPRISES 2018
RATIO ANALYSIS
1. CURRENT RATIO
It is a ratio, which express the relationship between the total current Assets and current liabilities.
It measures the firm’s ability to meet its current liabilities. It indicates the availability of current
assets in rupees for every one rupee of current liabilities. A ratio of greater than one means that
the firm has more current assets than current liabilities claims against them. A standard ratio
between them is 2:1.
(Figures in Crores)
Particular 2018 2017 2016
Current Assets 1621.65 1445.87 1245.41
Current Liabilities 1053.39 901.13 863.87
Current Ratio 1.54 1.60 1.44
2. QUICK RATIO
This ratio establishes a relationship between quick/liquid assets and current liabilities. It
measures the firms’ capacity to pay off current obligations immediately. An asset is liquid if it
can be converted in to cash immediately without a loss of value; Inventories are considered to be
less liquid. Because inventories normally require some time for realizing into cash. This ratio is
also known as acid-test ratio. The standard quick ratio is 1:1. Is considered satisfactory.
11
MONTAGE ENTERPRISES 2018
(Figures in Crores)
Particular 2018 2017 2016
Current Assets 1621.65 1445.87 1245.41
Inventory 406.46 325.15 271.71
Quick Assets 1215.19 1120.72 973.7
Current Liabilities 1053.39 901.13 863.87
Quick Ratio 1.15 1.24 1.13
Inventory turnover ratio is the ratio, which indicates the number of times the stock is turned over
i.e., sold during the year. This measures the efficiency of the sales and stock levels of a
company. A high ratio means high sales, fast stock turnover and a low stock level. A low stock
turnover ratio means the business is slowing down or with a high stock level.
Inventory Turnover Ratio = Net Sales
Closing Inventory
(Figures in Crores)
Particular 2018 2017 2016
Net Sales 3875.80 3886.98 3487.45
Closing Inventory 406.46 325.15 271.71
Inventory Turnover 9.54 11.95 12.83
Ratio
This period measures the average time taken for clearing the stocks. It indicates that how many
days’ inventories take to convert from raw material to finished goods.
12
MONTAGE ENTERPRISES 2018
Inventory Holding Period = Days in a year
Inventory turn over ratio
(Figures in Crores)
Particular 2018 2017 2016
Days 365 365 365
Inventory Turnover 9.54 11.95 12.83
Ratio
Inventory Holding 38.25 30.54 28.45
Period
Debtor’s turnover ratio indicates the speed of debt collection of the firm. This ratio computes the
number of times debtors (receivables) has been turned over during the particular period.
Debtors Turnover Ratio = Net Sales
Average Debtors
(Figures in Crores)
Particular 2018 2017 2016
Net Sales 3875.80 3886.98 3487.45
Average Debtors 1128.66 999.02 783.00
Debtors Turnover 3.43 3.89 4.45
Ratio
Debtors collection period measures the quality of debtors since it measures the rapidity or the
slowness with which money is collected from them a shorter collection period implies prompt
payment by debtors. It reduces the chances of bad debts. A longer collection period implies too
liberal and inefficient credit collection performance.
13
MONTAGE ENTERPRISES 2018
Average Collection Period = Days in a Year
Debtors Turnover Ratio
(Figures in Crores)
Particular 2018 2017 2016
Days 365 365 365
Debtors Turnover 3.43 3.89 4.45
Ratio
Average Collection 106.41 93.83 82.02
Period
This ratio indicates the number of times the working capital is turned over in the course of the
year. This ratio measures the efficiency with which the working capital is used by the firm. A
higher ratio indicates efficient utilization of working capital and a low ratio indicates otherwise.
But a very high working capital turnover is not a good situation for any firm.
(Figures in Crores)
Particular 2018 2017 2016
Net Sales 3875.80 3886.98 3487.45
Net Working Capital 217.82 514.34 0.00
Working Capital 17.79 7.56 ND
Turnover Ratio
14
MONTAGE ENTERPRISES 2018
8. PROFITABILITY RATIOS
15
MONTAGE ENTERPRISES 2018
COSTING METHOD AND ANALYSIS OF STATEMENT
Costing is any system for assigning costs to an element of a business. Costing is typically used to
develop costs for any or all of the following:
Customers
Distribution channels
Employees
Geographic regions
Products
Product lines
Processes
Subsidiaries
Entire companies
Costing may involve only the assignment of variable costs, which are those costs that vary with
some form of activity (such as sales or the number of employee). This type of costing is called
direct costing. For example, the cost of materials varies with the number of units produced, and
so is a variable cost.
Costing can also include the assignment of fixed costs, which are those costs that stay the same,
irrespective of the level of activity. This type of costing is called absorption costing. Examples of
fixed costs are rent, insurance, and property taxes.
Internal reporting. Management uses costing to learn about the cost of operations,
so that it can work on refining operations to improve profitability. This information
can also be used as the basis for developing product price.
External reporting. The various accounting frameworks require that costs be
allocated to the inventory recorded in a company’s balance sheet at the end of a
reporting period. This calls for the use of a cost allocation system, consistently
applied.
16
MONTAGE ENTERPRISES 2018
2.2 PERSONNEL: RECRUITMENT PROCESS
The Recruitmentprocess of Montage enterprises is to analyzing the job requirements and then
finding the prospective candidates who are then encouraged and stimulated to apply for the job
in the organization.
The Recruitment program is designed to attract more and more applicants such that the pool of
candidates applies for the job, and the organization has more options to select the best out of
them. The recruitment process consists of five interrelated stages which are as follows:
17
MONTAGE ENTERPRISES 2018
1. Recruitment Planning: The recruitment process begins with the planning where in the vacant
job positions are analyzed and then the comprehensive job draft is prepared that includes: job
specifications and its nature, skills, qualifications, experience needed for the job, etc.
Here, the recruitment committee decides on the number and the type of applicants to be
contacted. The aim of any organization is to attract more candidates as some of them might not
be willing to join, or some might not qualify for the job position. So the company has a sufficient
number of candidates to choose amongst them. The type of candidates required for the job is
well specified in terms of the task and responsibilities involved in a job along with the
qualification and experience expected.
2. Strategy Development: Once the comprehensive job draft is prepared, and the type and the
number of recruits required are decided upon; the next step is to decide a strategy that is adopted
while recruiting the prospective candidates in the organization. The following strategic
considerations should be kept in mind:
Make or Buy Employees, which means the firm either, decides to select less skilled
employees and invest in training and education programs or hire skilled professionals.
Methods of Recruitment, the firm decide on the methods used for recruiting the individuals.
Such as the internet provides detailed information about the prospective candidates and helps
in shortlisting the best-qualified individuals.
Geographical Area, the next decision is related to the area from where the candidates shall
be searched. The firm looks for those areas where the handful amount of qualified employees
is concentrated, with a view to curtailing a search cost.
Sources of Recruitment, there are two sources of recruitment: Internal source (within the
organization), external source (outside the organization). The firm must decide the source
from where the candidates are hired.
3. Searching: Once the strategy is prepared the search for the candidates can be initialized. It
includes two steps: source activation and selling. The source activation means, the search
18
MONTAGE ENTERPRISES 2018
forthe candidate activates on the employee requisition i.e. until and unless the line manager
verifies that the vacancy exists, the search process cannot be initiated.
The next point to be considered is selling, which means the firm must judiciously select that
media of communication that successfully conveys the employment information to the
prospective candidates.
4. Screening: The screening means to shortlist the applications of the candidates for further
selection process. Although, the screening is considered as the starting point of selection but
is integral to the recruitment process. This is because the selection process begins only after
the applications are scrutinized and shortlisted on the basis of job requirements. The purpose
of recruitment here is to remove those applications at an early stage which clearly seems to
be unqualified for the job.
5. Evaluation and Control: Evaluation and control is the last stage in the recruitment process
wherein the validity and effectiveness of the process and the methods used therein is
assessed. This stage is crucial because the firm has to check the output in terms of the cost
incurred.
6. The recruitment is a costly process as it includes the salaries of recruiters, time spent by the
management, cost of advertisement, cost of selection, a price paid for the overtime and
outsourcing in case the vacancy remains unfilled. Thus, a firm is required to gather all this
relevant information to evaluate the performance of a recruitment process effectively.
“Training & Development is any attempt to improve current or future employee performance by
increasing an employee’s ability to perform through learning, usually by changing the
employee’s attitude or increasing his or her skills and knowledge.”
Training: Training refers to the process of imparting specific skills. An employee undergoing
training is presumed to have had some formal education. No training program is complete
without an element of education. Hence, we can say that Training is offered to operatives.
19
MONTAGE ENTERPRISES 2018
and attitudes, which will be helpful to employers in higher positions. Efforts towards
development often depend on personal drive and ambition. Development activities such as those
supplied by management development programs are generally voluntary in nature. Development
provides knowledge about business environment, management principles and techniques, human
relations, specific industry analysis and the like is useful for better management of a company.
Skills
Education
Development
Ethics
Problem Solving Skills
Decision Making
Attitudinal Changes
Importance of Training & Development
Methods of Training
On the Job Trainings: These methods are generally applied on the workplace while an
employee is actually working. Following are the on-the-job methods.
1. Job Rotation: In this method, usually employees are put on different jobs turn by turn where
they learn all sorts of jobs of various departments. The objective is to give a comprehensive
awareness about the jobs of different departments. Advantage – employee gets to know how his
20
MONTAGE ENTERPRISES 2018
own and other departments also function. Interdepartmental coordination can be improved,
instills team spirit. Disadvantage – It may become too much for an employee to learn. It is not
focused on employees own job responsibilities. Employee’s basic talents may remain
underutilized.
2. Job Coaching: An experienced employee can give a verbal presentation to explain the nitty-
gritty’s of the job.
3. Job Instruction: It may consist an instruction or directions to perform a particular task or a
function. It may be in the form of orders or steps to perform a task.
4. Apprenticeships: Generally fresh graduates are put under the experienced employee to learn the
functions of job.
5. Internships and Assistantships: An intern or assistants are recruited to perform a specific time-
bound jobs or projects during their education. It may consist a part of their educational courses.
21
MONTAGE ENTERPRISES 2018
5. Role Plays: Here trainees assume the part of the specific personalities in a case study and enact
it in front of the audience. It is more emotional orientation and improves interpersonal
relationships. Attitudinal change is another result. These are generally used in MDP.
6. Sensitivity Trainings: This is more from the point of view of behavioral assessment, under
different circumstances how an individual will behave himself and towards others. There is no
preplanned agenda and it is instant. Advantages – increased ability to empathize, listening skills,
openness, tolerance, and conflict resolution skills. Disadvantage – Participants may resort to their
old habits after the training.
7. Programmed Instructions: Provided in the form of blocks either in book or a teaching machine
using questions and Feedbacks without the intervention of trainer. Advantages – Self paced,
trainees can progress at their own speed, strong motivation for repeat learning, and material is
structured and self-contained. Disadvantages – Scope for learning is less; cost of books, manuals
or machinery is expensive.
8. Computer Aided Instructions: It is extension of PI method, by using computers. Advantages –
Provides accountabilities, modifiable to technological innovations, flexible to time.
EMPLOYEE WALFARE
Employee / laborhas an important role in the Montage enterprises production. For this purpose
the employees has to be properly managed. Whole hearty cooperation of the labour force is
needed in order to increase the production & to earn higher profits. Cooperation of the employee
is possible only when they are fully satisfied with their employer & the working conditions on
the job. Employee or labour welfare is a comprehensive term including varwus services, benefits
and facilities offered to employees by the employer. Through such generous fringe benefits the
employer makes life worth living for employees. The welfare amenities are extended in addition
to normal wages and other economic rewards available to employees as per the legal provisions.
According to Dr. Parandikar, "Labour welfare work is work for improving the health, safety and
general wellbeing and the industrial efficiency of the workers beyond the minimum standard laid
down by labour legislation”. Welfare measures are also provided by the government, trade
unions and non-government agencies in addition to the employer. i.e. we can say that labour
welfare is also a voluntary effort on the part of the employer or any other agency to provide
22
MONTAGE ENTERPRISES 2018
employees the best working conditions. The basic purpose of labour welfare is to enrich the life
of employees and keep them happy and contented.
Education
Health
Women Empowerment
Rural Development
3. To relieve workers from industrial fatigue and to improve intellectual, cultural and material
conditions of living of the workers.
23
MONTAGE ENTERPRISES 2018
Productions/ operations
Laminated films combine solvent, solvent less & extrusion capabilities with state-of-the-art 10-
color rotogravure printing to provide quality converted rolls stocks for Vertical Form-Fill-Seal
(VFFS) and Horizontal Form-Fill-Seal (HFFS). Montage provides high-quality printed roll stock
and pre-made pouches for food, pharma, cosmetic and industrial markets.
Montage has technical expertise to design flexible packaging solutions for difficult applications.
Whether you need chemical resistance, liquid containment, foil barrier, hermetic/peel-
able/frangible seals, perforations, or any other challenging requirement, Montage can help to
develop the right lamination for your application. Our laminations are produced to stringent
quality specifications using a broad range of materials including PET, foil, OPP, PE, High-
Density Polyethylene (HDPE), Metallocene PE, Linear Low Density Polyethylene (LLDPE),
CPP and Metallized films etc.
24
MONTAGE ENTERPRISES 2018
Coextruded Films
Coextruded films offer three to nine layer custom blended, blown structures that are designed to
meet precise flexible packaging requirements for a broad range of market segments and
applications. Our performance films offer a range of barrier and non-barrier films for converters
and end users and customized films for difficult Vertical Form-Fill-Seal (VFFS) applications
including hot fill liquid, chemical, meat, dried foods, mixes and frozen foods.
Other capabilities include peelable seals, nylon coextrusion for puncture resistance and hot fill
applications and EVOH coextrusion for products with stringent barrier requirements.
Whether your goal is extended shelf life, product protection, liquid containment, flavor and
aroma defence or unique sealing properties, Montage performance films are designed to meet the
requirements of any product in the marketplace.
25
MONTAGE ENTERPRISES 2018
EB coated laminate
The increased use of flexible packaging has driven a need for technologies to enhance flexible
material’s properties. Use of Electron beam coating would achieve high quality surface printing
on Paper / Poly.
EB provides imparts glossy surface and mirror effect to the paper laminates which gives good
aesthetics, good scuff resistance & plastic looks to the laminate.
Advantages of EB coating:
Lamination Replacements
High Chemical Resistance
High Rub/Scuff Resistance
Sharper Printing
Excellent Adhesion to Films
Low Emissions – a "Green" Story
No Hot-Air Drier
Easier Permitting for New Presses
26
MONTAGE ENTERPRISES 2018
No VOCs or emissions
27
MONTAGE ENTERPRISES 2018
3D / 4D effect laminate
Cast and Cure is a decorative coating process that integrates "casting" and "curing" techniques to
form a consistent high quality surface that can include ultra-high glossy, matte and holographic
finishes on a variety of substrates.
This effect can be created in both sheet, fed and web fed (flexo and gravure) environments. C &
C is an excellent application for the decorative print market and can be incorporated with
security and anti-counterfeiting features. Cast & Cure is also a sustainable process. By using
ultraviolet inks and varnishes there are no undesirable and harmful VOC’s. In addition it can
make packages more easily recyclable by eliminating the laminated metallized films used in
traditional holographic
28
MONTAGE ENTERPRISES 2018
Superior moisture barrier & gases barrier laminates for many applications. Extended shelf life
can be achieved with 7- 9 layer co-extruded film, High barrier Metalized& foil base, paper base
laminate for various products. With the capability of in-house Metalizer we provide high barrier
Met Poly which can substitute many 3/4 ply laminate into 2 ply laminate.
Barrier laminate: Blended to provide moisture, oxygen and aroma barrier properties
Liquid VFFS laminates: A full line of films providing exceptional heat resistance, durability, seal
ability and barrier Modified Atmosphere Packaging Films: Designed for thermal lamination to
rigid sheet material prior to thermoforming into trays and bowls
29
MONTAGE ENTERPRISES 2018
2.3 PRODUCTION FACILITY
Montage operates one manufacturing facility in Noida and two manufacturing facilities in
Jammu. The total manufacturing capacity of these plants is over 80000 TPA. All plants and
marketing offices are interlinked through Enterprise Resource Planning (ERP) system
operated through Oracle software, to offer seamless information flow to ensure ‘On time
Communication’ with all stakeholders.
A model facility layout should be able to provide an ideal relationship between raw material,
equipment, manpower and final product at minimal cost under safe and comfortable
environment. An efficient and effective facility layout can cover following objectives:
To provide optimum space to organize equipment and facilitate movement of goods and
to create safe and comfortable work environment.
To promote order in production towards a single objective
To reduce movement of workers, raw material and equipment
To promote safety of plant as well as its workers
To facilitate extension or change in the layout to accommodate new product line or
technology up gradation
To increase production capacity of the organization
30
MONTAGE ENTERPRISES 2018
Types of Facility Layout
There are six types of facility layout, and they are as follows:
Line Layout
Functional Layout
Fixed Position Layout
Cellular Technology Layout
Combined Layout, and
Computerized Relative Allocation of Facility Technique
When supported by lean tools like Total Productive Maintenance (TPM), 5S, and Kaizen, most if
not all defects can be eliminated.
31
MONTAGE ENTERPRISES 2018
Benefits of Using Quality Control in Manufacturing
Customers expect and demand high-quality products. When customers receive quality products
you will:
Quality assurance streamlines production and helps to ensure that the final products meet the
company’s quality criteria. It ensures that the processes used to design, test, and produce
products will be done correctly.
32
MONTAGE ENTERPRISES 2018
In manufacturing, quality assurance approaches, like ISO 9001, help manage and improve many
processes, including:
For every business, quality assurance is different. However, ISO 9001 works for businesses both
large and small and can be adapted for most any need. It provides the means for creating a
lasting quality assurance program, ensuring that everything, from raw materials to inspection
procedures are of the highest quality. Issues and defects from poor quality materials or third-
party components are all but eliminated.
Lean manufacturing tools can bolster your company’s quality program. Lean revolves around
improving quality and safety, while increasing efficiency and profits. Some powerful lean
manufacturing tools that can bolster your quality system include:
TPM improves product quality by eliminating downtime, defects, and accidents. TPM
accomplishes this through comprehensive maintenance programs and operator training.
Kaizen helps eliminate problems at their source by empowering workers to find and
solve problems on a daily basis.
33
MONTAGE ENTERPRISES 2018
5S helps organize and standardize the workplace. Take control with the 5S System Best
Practice Guide, by Graphic Products. Improve procedures and eliminate errors in your
facility.
While every facility has different needs and may require a different lean tool, using lean to
support quality control is essential. Procedures will be simplified, and the number of errors will
be reduced.
The globalization of the economy and the liberalization of the trade markets have formulated
new conditions in the market place which are characterized by instability and intensive
competition in the business environment. Competition is continuously increasing with respect to
price, quality and selection, service and promptness of delivery. Removal of barriers,
international cooperation, technological innovations cause competition to intensify. In terms of
manufacturing emphasis is placed on reducing cost while improving quality. In addition, other
factors such as timely delivery of the product become critical techniques. A key question to a
MRP process is the number of times a company replenishes (or turns around) inventory within a
year. There are accounts of inventory annual turnover ratios of greater than 100, mainly reported
by Japanese companies. One can readily realize that a high inventory ratio is likely to be
conducive to lowering production cost since less capital is tied up to unused inventory. MRP
systems use four pieces of information to determine what material should be ordered and when¸
the master production schedule, which describes when each product is scheduled to be
manufactured; bill of materials, which lists exactly the parts or materials required to make each
product; ¸production cycle times and material needs at each stage of the production cycle time;
and, ¸ supplier lead times. The master schedule and bill of materials indicate what materials
should be ordered; the master schedule, production cycle times and supplier lead times then
jointly determine when orders should be placed.
34
MONTAGE ENTERPRISES 2018
MRP in context with production management processes
MATERIAL
REQUIREMENTS
PLANNING
BILLS OF PRODUCTION
MATERIAL CYCLE TIMES
AND MATERIAL
NEEDS PER
CYCLE
2.4 MARKETING
Marketing is the link between the society material requirement and its economic pattern the
response to product, price, promotion distribution and its components.
35
MONTAGE ENTERPRISES 2018
Areas of operations-
Competitors–
Company Symbol
36
MONTAGE ENTERPRISES 2018
CHAPTER 3
37
MONTAGE ENTERPRISES 2018
3.1 SWOT ANALYSIS
Strengths
Weakness
Opportunities
Threats
38
MONTAGE ENTERPRISES 2018
CHAPTER 4
39
MONTAGE ENTERPRISES 2018
4.1 STORE DEPARTMENT
The most common yet major responsibilities that are carried by any Stores are
40
MONTAGE ENTERPRISES 2018
transaction card. The storage period may vary between one day and one year or more,
depending upon recoupment procedures/safety stock
Materials handling involves movement and handling. This can be manual or mechanic
heavy items, dangerous or inflammable goods, and delicate merchandise have all to be
handled differently.
Packaging: Materials dispatched to customers from the finished goods store or from one
store to another at different location require to be packed. Materials required packing
according to their nature and this may vary from heavy wooden crates to ordinary paper
cartons.
Issue and Dispatch is the process of receiving demands, selecting the items required and
handling them over to users, or dispatching them to customers.
Stock Records are the documents which record, form day to day, full particulars of
individual receipts, issues and balances of materials in stock.
Stores accounting is the process of recording details of stock movements and balances in
terms of financial value. It is sometimes undertaken by accounts department
Inventory control is the operation of continuously arranging receipts and issues in such a
way so as to ensure that stock balances in quantity and/or value are adequate to support
the current rate of consumption at all times with due regard to economy.
Stock-taking is the process of physical verification of the quantity and condition of goods
in store
A Stores manager ,therefore, is responsible for carrying out the following functions :
41
MONTAGE ENTERPRISES 2018
Send other documents to respective departments
Ensure all storage facilities are in proper working order e.g. check for loose racks,
damaged pallets etc.
Ensure goods housekeeping (i.e. check for spillage of oils, dirty walls, obstructions).
Ensure all materials handling equipment are in goods condition
Check and count goods before issue
Make entries Bin/Kardex (stock) cards promptly
Ensure Receipts and Issues are correctly documented
Ensure that rules and regulations relating to physical custody and preservation of stores
are followed
Ensure correct accounting of stores
Inventory Management
Inventory management is the management of inventory and stock. As an element of supply chain
management, inventory management includes aspects such as controlling and overseeing
ordering inventory, storage of inventory, and controlling the amount of product for sale.
Techniques
Minimum: when 30% raw material left in company, then we reload the material
Maximum: when we have 100% raw material then we stops purchasing raw material
Actual Cost Method: Where materials are purchased specially for a specific job, actual cost of
materials is charged to that job. Such materials will normally be stored separately and issued
only to that particular job.
First-In First-Out (FIFO) Method: CIMA defines FIFO as “a method of pricing the issue of
material using, the purchase price of the oldest unit in the stock”. Under this method materials
are issued out of stock in the order in which they were first received into stock. It is assumed that
the first material to come into stores will be the first material to be used.
42
MONTAGE ENTERPRISES 2018
Average Cost Method:
Under this method all the materials received are merged into existing stock of materials, their
identity being lost. The simple average price is calculated without any regard to the quantities
involved. The simple average cost is arrived at by adding the different prices paid during the
period for the batches purchased by dividing the number of batches. For example, three batches
of materials received at Rs. 10, Rs. 12 and Rs. 14 per unit respectively.
43
MONTAGE ENTERPRISES 2018
- Inks/ Medium/ Lacquer/ Paste/ Powder/Varnish/Dyes/ Pigments and Paints and Tonner/
Resins/ Waxes/ Solvents/ Poster colours.
- Adhesives, Hardeners and Chemicals thereof.
- Cores (Plastic, SB, Alumimium, Paper and card board) and ITS plugs, spools.
- Aluminum Wire.
- Cylinders all kinds, Rubber roller, Base shells.
- Silicon Teflon, BOPP, Tapes, Bases on Plastics & Paper.
- TalcumPowders, Globes, Evaporation Boats, Distilled water.
- Filter cloth/ media.
- Gases-like Freon, Oxygen, Hydrogen, Nitrogen and Refrigeration gases.
- Spouts, Zipper, Repos, Pins, Brackets and closures.
- Photographic chemicals, Bromide.
- Leads Anodes, lead Antimony Anodes, Copper Anodes/plants.
All kinds of Chemicals like chromic Acid, Copper sulphate, Hydrochloric Acid, Sulphuric Acid,
Barium carbonate, Barium Chloride, Nickel sulphate, Nickel Chloride, Potassium iodide, Acetic
Acid, Acetone, Liquor Ammonia, Sodium Thiosulphate (Hypo), Potassium Ferricyanide,
Ferrous, Ammonium chloride xylene, Sodium hydroxide (Caustic soda), S.C. Green Paint Nickel
Balls, Boric Acid, Descaling chemicals, Toners, Organic compound, processing Aids, Dias atone
(DAA), Acids, Anti rust solvents, Water processing chemicals.
ABC analysis
The ABC analysis (or Selective Inventory Control) is an inventory categorization technique.
ABC analysis divides an inventory into three categories- "A items" with very tight control and
accurate records, "B items" with less tightly controlled and good records, and "C items" with the
simplest controls possible and minimal records.
44
MONTAGE ENTERPRISES 2018
The ABC analysis provides a mechanism for identifying items that will have a significant impact
on overall inventory cost, while also providing a mechanism for identifying different categories
of stock that will require different management and controls.
45
MONTAGE ENTERPRISES 2018
UFLEX PURCHASE PROCESS
Prepare a purchaae order which is duty signed by purchase officer and AVP , and dispached to the party by courier , mail and hand
4 copies are made and kept with the store , accounts , excise and sales tax
Sent to accounts where ledger posting is done. Credit period is checked and the cheque is made in favour of the party
46
MONTAGE ENTERPRISES 2018
CHAPTER 5
47
MONTAGE ENTERPRISES 2018
ADVERTISEMENT/PROMOTIONAL TOOLS
Promotion
Innovations
Uflex were the first to offer both stitched and non-stitched WPP bags. A problem with stitched
bags is that they suffer from permeation of oxygen and moisture and ingress of mites through
the stitching which causes deterioration of sensitive products and foods. The permeation can
be reduced by using smaller stitches but this affects the strength of the joint; in any case, the
permeation cannot be totally eliminated. Uflex have overcome the problem by developing
hermetically sealed bags using hot-melt closing.
Uflex sound business profile is driven by the growth in FMCG, Pharma and Food and
Processing Industry. All these industries are not as severely affected during recession, as they
produce and sell goods and service that consumer’s use on a regular basis, regardless of their
economic status or income level. Uflex major revenues comes from companies like - Britania,
Nestle, Cadbury, P&G, Gillette, Dabur, Colgate, Godrej Consumer, Castrol, Henkel, ITC,
Pepsi, Coca cola etc. hence its inherent growth story is based on the growth of these
companies which are not very much affected by the economy slowdowns.
48
MONTAGE ENTERPRISES 2018
Global operations
Apart from its manufacturing plants in India, Uflex has plants in Dubai and Mexico and is
setting up one in Egypt. It has also started work on increasing capacities in Mexico and has
plans to expand Egypt in after the completion of phase 1. The Dubai and Egypt plants cater to
the growing demands of Middle East, African and Southern European markets, while the
Mexico plant looks at the Americas. Uflex exports its goods to more than 100 countries giving
them a global presence.
Exhibitions
Uflex with its wide product range and expertise offers a one-stop solution for Flexible
Packaging products both in India as well as for International customers. The marketing
team has in-depth knowledge and experience in understanding customer needs and
offering them appropriate solutions depending. Marketing Team is always abreast with
new product developments and interacts with customers on an ongoing basis by
participating in exhibitions, fairs and seminars both in India and globally.
Powerful R&D
49
MONTAGE ENTERPRISES 2018
Transparency (Publishes Financial Results)
50
MONTAGE ENTERPRISES 2018
SUGGESTIONS AND IMPLICATION
1. It is suggested to the company that it should Control the waste of raw materials.
2. It is also suggested that there should be a proper supervision system where machineries
are running.
3. It is suggested to the company that it should have ambulance or quick medical facilities
in case of casualty
51
MONTAGE ENTERPRISES 2018
CONCLUSION
52
MONTAGE ENTERPRISES 2018
REFERENCE
http://businessjargons.com/recruitment-process.html#ixzz4oKMo4cqS
http://businessjargons.com/recruitment-process.html.
www.hrwale.com/training-development/
http://www.whatishumanresource.com/employee-welfare
http://www.montageind.com/
https://www.zaubacorp.com/company/MONTAGE-ENTERPRISES-PRIVATE-
LIMITED/U74950DL2002PTC114886
https://en.wikipedia.org/wiki/Production
53
MONTAGE ENTERPRISES 2018
ANNEXURES
54
MONTAGE ENTERPRISES 2018
WEEKLY WORK REPORT
55
MONTAGE ENTERPRISES 2018
Practical on taxes paid.
9 6/2/2019 12/02/2019
56
MONTAGE ENTERPRISES 2018
STUDENT EVALUATION FORM FOR FACULTY GUIDE
Batch: 2015-2020
1. Whether the student have reported before he/she proceeded for summer training .
a. YES
b. NO
2. Whether the Student get the approval for Topic of Summer Training
a. YES
b. NO
3. Kindly mark the performance of the student for following Parameters on a scale of 1 to 5
1 2 3 4 5
1 2 3 4 5
57
MONTAGE ENTERPRISES 2018
c. Able to work in team
1 2 3 4 5
d. Behavior
1 2 3 4 5
1 2 3 4 5
………………………………………………………………………………………………………
………………………………………………………………………………………………………
………………………………………………………………………………………………………
Date:
Place:
58