Arjun Final Report

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JOSCO POLYMERS PVT LTD

A REPORT ON

INDUSTRY FAMILIARIZATION

AT

1. JOSCO POLYMERS PVT LTD,PUDUCHERRY

Submitted by

ARJUN SOMAN

(2010-2012)

Under the guidance of

Project report submit ted to the

SAINTGITS COLLEGE OF ENGINEERING

DEPARTMENT OF M.B.A

Kottukulam HillsPathamuttom

Kottayam-686 532

(Affiliated to Mahatma Gandhi University, Kottayam, Kerala)


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DECLARATION

I, Arjun Soman, hereby declare that the study report titled Industry

Familiarization at Josco Polymers Pvt. Ltd. submitted to Saintgits College

of Engineering, Department of M.B.A, Kottayam, Kerala is a record of the

original work done by me and no part of it has been submitted earlier for

award of any Degree, Post-Graduation or similar title of any other

University or Institution.

Kottayam Arjun soman

20/01/2011


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CHAPTER I: INTRODUCTION


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1. INTRODUCTION

An organisation is a planned, coordinated and purposeful action of human

beings to achieve certain specific goals through division of labour and hierarchy

of authority.

An organisational study is the systematic study about how people - as

individuals and as groups - act within organisations.It involvesthe study of the

structure and functions of different departments. Almost all the organisationsaredifferent but they have certain common features. All are collection of people,

linked together by formal andinformal relationships. They have hierarchical

orders that are engaged in co-operative activities and they allhave identical

boundaries. So the study of people in organisation is important for future

managers.

Structure of an organisation is very important for its functioning and growth. It

provides the basic frame work for its progress and expansion. For the future

managers it is very important to study the organisational structure and

functioning of a successful organisation so that, as future managers, they may

guide their organisations towards achieving their company goals.


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1.1 OBJECTIVES OF THE STUDY

To study the organisational structure and its hierarchy.

To study various functions of different departments in the company. To understand duties and responsibilities of officials.

To be familiar with the company.

To learn the way management tries to co-ordinate activities of different

departments.

To analyse strength, weakness, opportunities and threats of the company.

1.2 SOURCES OF DATA COLLECTION

Primary Source

Primary data was collected through discussions and interviews with officials,employees and workers of the company and also through observation.

Secondary Source

Secondary data was collected from:

Annual reports

Company websites.

1.3 LIMITATIONS OF THE STUDY

Due to the lack of time, respondent employees were not ready to give much

information.

Employees were not ready to give certain vital information because of its

confidentiality


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It was very difficult to collect detailed data about each department within

the limited time.

SCOPE OF THE STUDY

The present study was conducted in Josco Polymers to know aboutwhat all are the process happening in an organisation. An overview of thevarious functional areas like production, human resource, marketing and financewere studied for my purpose.

PERIOD OF STUDY

The actual institutional training in Josco Polymer Pvt. Ltd. was during20th Dec to 31st Dec 2010. The study was conducted in the period of 11 days.


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CHAPTER II -INDUSTRY PROFILE


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2.INDUSTRY PROFILE

Footwear is no longer just a necessity, but also something that is a fashionstatement. In the present days of high fashion and beauty awareness, a person'simage is defined by the kind of clothes and shoes he/she wears.

Footwear industry is one of the fastest growing industries in the UnionTerritory. The leather industry is a good industry to promote for a number of reasons: it is to a great extent a small-scale industry with considerableemployment potential although it has become much more capital intensive over time. Another major advantage of the leather industry is that it is a major exportearner. Though Pondicherry does not need to promote export activity as such,export markets provide another base for the growth of indigenous industry.Here, the rest of India also offers a large market. The focus will have to be,however, on value addition and not on tanning. As it is an export-orientedindustry, it will have to meet international standards. Another dimension to thisis marketing. In order to capture an increasing share of the market, the leather industry with the help of the government will have to spend considerable effortin promoting leather products so as to compete with goods produced in other countries.

Salary

The growth of the industry has increased the scope for jobs and, consequently,salary. One can expect a starting salary of around Rs. 10,000-12,000 per month.International players offer between Rs. 15,000-20,000 per month. Entrepreneursin this field can get more income depending upon the size of their business.

With India poised to play a key role in global trade and exports, the footwear industry will need a very large manpower. One should be able to work for longhours and meet deadlines. Knowledge of science and an aptitude for workingwith machinery is a must for managers and supervisors.

Research

Marketing is one that differentiates one footwear manufacturer from countlessothers. It involves researching the market, working with advertising agencies toadvertise footwear collections and mapping out strategies for selling footwear inthe discerning domestic market as well as the expanding export market.


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CHAPTER III: COMPANY PROFILE


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3. COMPANY PROFILE

COMPANY PROFILE

Name JOSCO POLYMERS PVT. LTD.

Address 1-4, Abishagapakkam Main Road, Abishegapakkam,

Puducherry 605007.

Incorporation 1983 in Puducherry.

Symbol

SloganWalk with Pride"

Chairman & M.D Mr. Abey Joseph

Register officeAbishegapakkam Main Road,

Abishegapakkam,

Puducherry-605 007.

Factory Timing 8.30 am to 5.00 pm

Working days in a week 6 Days

JOSCO


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3.1HISTORY OF JOSCO POLYMERS

The success story of Josco group dates back to 1972 when anenterprising rubber planter, Mr.P J Joseph Kainady , with his keen business

sense and foresight started its first unit , with an annual capacity of 0.9 million pairs in Calicut , Kerala , the southernmost state in India .

There has been no looking back to the group. the sandals made by thegroup marketed in two brand names namely Fisher and Miami Cushion,the pioneers the field , took the south Indian market by storm , with excellentquality , durability and comfort that is reasonably priced . Utmost emphasis is

placed on quality, right from procurement of the raw material to the final stageof production and packing. The International Business Excellence Award,conferred to our jubilee award in the year 1997 has added the sparkle to thecompanys profile.

They manufacture Rubber sandals popularly known as Hawai Chappels,light weight injected EVA chappals, fabricated genuine leather and syntheticleather footwear. They are also exporting footwear to the Arab countries, Israeland European countries from the unit Calcutta.

PUDUCHERRY PLANT

The parent company M/s Josco Rubbers was started in the year 1972 inCalicut, Kerala by Mr P.J Joseph Kainady. The parent company startedmanufacturing and marketing rubber sandals in the brand name of Fisher. Tomeet the demand in Tamilnadu and Puducherry Josco Footwear pvt. Ltd wasstarted by Chairman Mr Abey joseph.

Josco Footwear Pvt Ltd was started as a company in the year 1983 inPuducherry. This company started manufacturing and marketing its product inthe name of Miami Cushion. This product is sold all over the South India.

3.2 OBJECTIVE OF JOSCO POLYMERS

To make Josco the leading Footwear provider in the world and shall

take necessary steps for creating quality, comfort and trendy footwear. Our efforts would be in direction, which makes the group the world leader in


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the field of fashion, des ign, technology &management due to the quality of

our response, range of service and cost effectiveness.

3.3COMPANIES UNDER THE JOSCO GROUP

1. Josco Footwear Products Pvt. Ltd, (JFPL) this is further divided into unit-

I & unit-II in Puducherry.

2. Josco Polymers Pvt. Ltd, (JPL) under it there is a factory,

assembling unit and two depots one in Salem and one in Madurai.3.

F&M Polymers they manufacture EVA Footwear.

3.4 SLOGAN OF THE COMPANY

The slogan of the Josco Group is "WALK WITH PRIDE" and "LONG

LASTING CHAPPLES FOR THE HARDWORKING FEET".

3.5HOUSEKEEPING POLICIES

They follow the Japanese housekeeping policies of 5s and Kaizen

program.

3.65S POLICY

5s mainly consists of 5 steps namely:

SORT

SET IN ORDER

SHINE

STANDARDIZE

SUSTAIN


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KAIZEN

Kaizen means step by step improvement. A suggestion box is kept where

employees can drop their suggestions. These suggestions are

periodically checked and taken into consideration. lf an employee's

suggestion is implemented and if it is exceptionally good he/she is

rewarded.

3.7INTRODUCTION

Natural rubber is derived from a milky colloidal suspensions of latexfound in the sap of the rubber plant. Purified form of natural rubber is thechemical polyisoprene, which can also be produced synthetically. Naturalrubber is used extensively in many applications and products, as is a syntheticrubber.

In India, commercial cultivation of natural rubber was introduced by theBritish planters, although the experimental efforts to grow on rubber on a

commercial basis in India were initiated as early as 1873 at the botanicalgardens, Kolkata. The first commercial Heavy plantations in India wereestablished at Thattekadu in Kerala

3.8RUBBER PREFFERED

They are preferred in today modern world for reason.

Light in weight Nontoxic and absolutely safe to use Protected from diseases , heat , chemical Smooth and soft Low cost in material Good for growth

3.9ORGANISATION CHART


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Organization chart is the result of organization design. Organization

chart portrays graphically the structural relationship among the different

functions (departments) and the positions (persons) on the enterprise that

are responsible for those functions. Organization chart shows-how the

dynamic activities of a concern are coordinated into a working unit.

Organization chart which is also known as organization tree is nothing but a

map or drawing of the organization.

AN ORGANISATION CHART SHOWS

o The interrelationship and relative position of each department of the

company.

o The line of command, i.e., authority and responsibility.

o Relationships between different managers (i.e., by virtue of their

status in the organization)

o Kind of managerial relationship which exist (i.e., line, staff anyfunction)

o Sometimes, the name of managers along with the number of

persons they supervise.

o And bring to notice an illogical grouping functions.o And pinpoints the omission of particular functions.

3.8.1ADVANTAGES OF ORGANIZATION CHART

o An organization chart tells quickly as who is responsible for a

particular

o function.

o It pinpoints the weakness of the organization.


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o Information contained in the organization chart supplements the

details available in organization manual.

o An organization chart can serve as a training device and as a guide in

planning for expansion.

An organization chart is useful in showing the nature of organization,and changes, if any in the existing staff and the new-corners.


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3.8.2THE ORGANISATIONAL CHART OF JOSCO

BOARD OFDIRECTORS

MANAGINGDIRECTORS

CEO

Seniormanager Pro.

Admin.manager

Accounts

Sales/Marketing

UnitII

JFP

F&

JP

StoreAsst

Superviso

Worker

StoreAsst

Supervisor

Workers

Supervisor

Work-ers

Storekeeper

Supervisor

Workers

Asst.manager

HR-

OfficeAsst.

AsstManager

SeniorAccountan

AccountAsst(sr)

AccountAsst (jr)

Seniorsales

manager

Depotcoordinato

Salescoordinato

Salesexecutive

Sales

Depot incharge

Accountant

Salesofficer

Packers

Dispatchers

Drivers

Load man


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3.9COMPETETORS

VKC

LUNAR

PARAGON

3.10PRODUCTS

STROLLERS

STROLLERS ECO

STROLLERS GOLD

DIVA

ICE

FISCHER LITES

EXECUTIVE

RUBBER FOOTWEAR

METHIYADI

COLORS


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DIVA FISCHER

EXECUTIVE FISCHER LITES

METHIYADI


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COLORS LEATHER LITES


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3.11 DEPARTMENTS

The various functional areas of JOSCO POLYMER LTD.,are

HUMAN RESOURCE MANAGEMENT

PRODUCTION DEPARTMENT

DESIGN DEPARTMENT

MARKETING DEPARTMENT

FINANCE DEPARTMENT

3.11.1HUMAN RESOURCE DEPARTMENT

INTRODUCTION

The principal concept of an organization is its human resources.

It is the human resources, which is of permanent importance in the success

of any organization because most of the problems in organizational settingare human and social rather than physical, technical or economic. Failure to

reorganize this fact cause immense loss to the nation, enterprise and the

individual. Human resources are the most important assets an organization has

and their effective management is the key to its success. It is through human

resources that all other resources are acquired and used. Decisions about

human resources tend to directly affect the quality and use of all resources.Human resource management is the process of effectively planning and

directing the application, development and utilization of human resources

in employment. It is concerned with the relationship between the workers

and the organization. Its main extract maximum efforts from them for the

effective functioning and success of an organization.


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3.11.1.1 HUMAN RESOURCES IN JOSCO POLYMERS PVT. LTD,

In Josco polymers Manager Administration - Mr. A.N.Sekar,

Assistant manager - Mrs. Anitha, HR Assistant Mrs. V. Mahalakshmi, Office

Assistant Miss. A. Anjalatchi. The duties and responsibilities of the personal

department are,

3.11.1.2 RECRUITMENT PROCEDURES

In Josco Polymers, the selections of new employees for thevacancies are done with the help of an advertisement in paper. The

qualification differs to every person like technical, supervisor and worker.

For technical rubber technology am leather, supervisor mostly ITI and

fitter, workers are skilled and unskilled.

3.11.1.3 SALARY ADMINISTRATION

In Josco Polymers, salary is given to the employees on the 5 ffi day of

every month with consolidated and some allowances. Everybody gets an

increment for every year; its based on their own performance and seniority.

Only the permanent staff is entitle for provident Fund, employee's state

insurance, etc. After retirement from job they get their P.P. within the three

months. In case the worker has more than 10 years of service, gets a service

pension. Their employee are earned above Rs.10, 000 not having E.S.I.

through this we can enjoy leave salary from E.S.I. salary. All the

employees are given salary advance two times in a year. All are paid

Minimum wages given by labour Act under the rules of Government.


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3.11.1.4 ADDITIONAL BENEFITS

Refreshments like tea, served during break to all the employees. Two set of free chapels in a year. Loan without interest once in a year. There is no union; every employee is linked with boss. Monetary awards. Annual Tour

ATTENDANCE AND LEAVE POLICIES

To record attendance the company is using a machine. All theemployees are required to press the machine so that the employees thumpimpression is recorded in the machine. By using thump impression theemployees attendance is marked. Employees on entering into Organizationhave to put their signature in a daily register. This register is treated as anattendance for the employees. This register is used by the employers to knowabout the absentees. Josco polymers, given for every 20 days one day leave with

salary. Therefore 15 days paid leave for one year. The full attendance worker gels Rs.150 incentive which is included to salary. In case there is remainingleave, it is kepi 2s opening balance for next year. They follow only calendar year January to December. The remaining leave will be encased to worker andno leave encashment for staff Leave letter must submit before leave. Allemployees taking continuous leave without information gets a warning letter.

3.11.1.6 DISCIPLINES FOLLOWED

No smoking inside the industry.

Timing should be followed

Mobile phone is prohibited


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3.11.1.7 FACTORY TIMING

Forenoon session 8.30am to 1.00pmLunch time 1.00pm to 1.30pm

Afternoon session 1.30pm to 5.00pm

KAIZEN

Kaizen means step by step improvement. A suggestion box is kept

where employees can drop their suggestions. These suggestions are

periodically checked and taken into consideration. lf an employee's

suggestion is implemented and if it is exceptionally good he/she is

rewarded.

3.11.2 PRODUCTION DEPARTMENT

3.11.2.1 INTRODUCTION

The first and foremost function of the production department is production

planning. Production planning is designed to satis fy consumer demand by

turning out of desired amount of goods. Sometimes production capacity may

be greater than the estimated demand. Otherwise it will be necessary for the

management to go in shifts to meet this demand, both instances illustrate that

marketing and production planning are actually inter-related.

The basic objective of production planning is that it is essential for

purchase, coordination and maintenance of factors of production, especially

machines, materials and people since the manufacturing cost of the product

will depend on the costs associated with raw material, merchandise,

suppliers, labour and equipment, the production plan will start with the

desired number of people needed to attain these goals.


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2.11.2.2 PRODUCTIONOF POLYMERS

In order to produce right goods at right quantity, at right time and at

right cost, Josco Polymers does the following activities. They coordinate

with purchase depar tment and material department.

Designing a product location and layout of plant and

building.

Planning and controlling of factory operations

Repairs and maintenance

Inventory control and quality control

Research and development

Raw-material needed for the production of products by Josco Polymers is

footwears, which consists or contain essential ingredients of the natural

rubber and syndic rubber addition of the chemical adhesives. Footwear is

formed into granules under the heat and pressure during manufacturing

process.

[[

3.11.2.3MAJOR RAW-MATERIAL INVOLVING IN THE PRODUCTION IS:

Raw rubber

Rubber

Process oil

Master batch pigment of color (white, yellow, blue etc.)


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3.11.2.4 STORAGE OF RAW MATERIAL

The type of raw-material stored by stores department of Josco Polymer

does not require any special attention or regulation of storing. Stocks of raw

materials are listed under 8 types.

UPPER REXINE GENTS AND LADIES

LINING REXINE

INSOLE REXINE

FOAM SHEETS NON MOVING REXINE

CONSUMABLES

PACKING MATERIALS

NON MOVING REXINES

FINISHED GOODS

PRODUCTION PROCESS

Production takes place in three different production units, each

unit being housed in a separate building and the production process

conducted dependent of each other.

Production unit I (Josco footwear products Pvt. Ltd,)

Kirumampakkam, Hawai sheets & EVA, PU

Production unit 11 (Josco Footwear Products Pvt. Ltd,)

Abshishekapakkam


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JFPL KIRUMAMPAKKAM

In Josco Footwears Product Limited there are two managers Mr.

Ravi and Mr. Rajesh. They explain about the machines and the productionprocess. From there the production process starts. This unit is situated in

PIPDIC INDUSTRIAL ESTATE at Kirumampakkam. They mainly deal with the

production of Hawai sheets and Hawai straps based on natural rubber and

synthetic rubber. The unit was started in the year 1983.

COMPOUND PROCESS

Raw rubber

Co- activator

Filler

Process aid

Curing agent

This process will result in the production of Hawai sheets and Hawai

straps. In this process we add 29 chemicals,

Apocetes-568

Bowling agent

Blue master batch

Calcium carbonate

Chin clay

Salem clay

Color

DEG


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Enclo -68

F

Hytherm PPT silca

Process oil

RGS Powder

Raw rubber

Renacit rubber

SP oil

Silicon emulsion

Seraic acid

TMT

Titanium dioxide

Violet color

Zinc oxide

SBR JIS -1502

T.blend

EVA -1802


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MACHINES USED TO PRODUCE THE SHEETS

KNEADER MIXING MILL SHEET PRESS STRAP PRESS BOILER

By utilizing the raw materials in a proposition through these machines

we will get Hawai Sheets and Hawai Strap.

KNEADER


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. MIXING MILL


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PRODUCTION PROCESS

In Josco footwears pvt ltd, Hawai sheets and Hawai straps are

manufactured. The process for Hawai sheets are as follows,

MIXING OF RAW MATERIALS- all the raw material are weighted and mixed asper as the formula in the Kneader.

EXTRUSSION- output that is extruded from hopper is known as rubbercompound. that is kept for aging.

WARNING- The extruded compound is warmed in an open mill mixer and

sheeted over a table.

BLANK SHEET PREPARATION the blank sheet are cut and weighted from thewarmed sheet compound as per the requirements of the mould.

CURING-blank sheets are vulcanized in a hydraulic press under heat andpressure.

AGEING-the cured and expanding sheets are cooled and aged for 15 days.


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DISPATCH-the aged sheet are sent for cutting and assembling to JFPL.

PRODUCTION PROCESS IN JOSCO POLYMERS

Sheets of different size are brought into JPL

CUTTING OF SOLES-a power press which has cutting dies of different size isused to cut the

Footwear300-350sheet are cut daily.

MAKING- The soles are then marked to punch holes to insert the strap

DRILLING-the holes are drilled to put the straps

SCREEN PRINTING- screening and printing is done, the company name andthe MRP is screen printed.


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STRAP ASSEMBLING- assembling is done manually or machine.

PACKING- First each pair is packed in an inner carton. Then 48 pairs arepacked into 1 outer carton

DISPARCH- distribution for sales

MARKETING AND SALES

INTRODUCTION

Marketing is a comprehensive term and it includes all resources and a set

of activities necessary to direct and facilitate the flow of goods and services

from producer to consumer. In the process of distribution business man

regards marketing as a management function to plan, promote and deliver

products to the clients or customers, Human efforts, finance and management

constitute the primary resources marketing.

OBJECTIVE OF MARKETING DEPARTMENT.

Marketing refers to the promotion and pricing a product, placement

and distribution when relevant. Promotion can be limited to a specific

target group or it can be aimed at the general public.


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As Josco Polymers Pvt. Limited does produce customer goods,

industries are their main customers. Since there is a heavy demand for

products, marketing activities like promotions, advertising are never

needed.

MARKETING DIVISION IN CHARGE

The sa les depar tment i s headed by the sa les manager

Mr.Selvarangan. He controls the sa les and market ing divis ion.

There a re 3 depots under the company; Madura i , Erode ,

pe r iyakat tupalayam. The depots a re t aken care by the depot

coordinator Mr. Umamagesh . Each depot has a depot manager. There

are sales officer, packers, and dispatchers. The retail and wholesale is

controlled by Mr. Veeraragavan-sales coordinator.

FUNCTION OF MARKETING DEPARTMENT:

Formulation of marketing plans, procedures, policies etc.

Developing a detailed sales plan, budgets and fixed sales targets.

Coordination of all the marketing functions in the organization.

Determination of marketing plans, procedure, policies etc.

Sponsoring continuous programmer of market research to produce

products to scope up with customer expectations.

Developing a detailed sales plan and budget.


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CLIENT BASE

We have been aggressively marketing our products, which has given us & our products a catbird seat in the global market. We have our wide sales & service

network that enables us to cater to the client's requirement anytime anywhere.

Footwear & Sports Shoes

Moja Shoes Pvt. Ltd. Sonepat

RelaxoFootwears Ltd. Bahadurgarh

Lakhani Footwear Ltd. Faridabad

Azam Rubber Products Ltd. Gorakhpur

Josco Footwear Products Pvt. Ltd. Pondicherry

Industrial Rubber Products Bangalore

Diamond Footwear Delhi

Sports Goods

Indo Rubber & Plastic works Meerut

Khanna Sports Industries Meerut

G.B. Sports Meerut

Meyor International Limited Gurgaon

Mag. Sports Meerut

Rattan Son Sports

We have positioned ourselves distinctly in our sphere of activities. We hold a commendable track record for serving ourclients relentlessly with our unmatched range of products andservices. Further, our expertise in the rubber industry hasmade us a distinguished player in the global market. We caterto various tyre, shoe, conveyor belting, automotive, medical,custom mixing and general rubber goods industries of international repute..


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PRICE FIXATION

'Price is the exchange value of goods and service items of money'.

It is the amount paid for the value 8c utility received by the buyers in

the form of a product or service. The pricing policy followed by Josco

footwear is based on competitive pricing in accordance to the price

fluctuations and availability of raw materials. Variations in expenses

towards powers, labour charges, etc., are also considered for pricing of the products. Long-time and regular customers and bulk order avail certain

degree of price concessions.

CHANNEL OF DISTRIBUTION

Since the products of Josco polymers are industrial goods all its

products are directly supplied to distributors. They have own two depots

Josco Polymer, Madurai. Josco Polymer, Erode.

The leading distributors of Josco polymers Jubilee footwear, Pondicherry. Jubilee footwear, Villanur. Maruti traders, Madura'. Praveen agency, Kumbakonam. A. NI. agency, Salem. Rani Mahesh fancy, Ramanathpuram. Madura' shoe company, Chennai Gege traders. Clicnnai Shankar, vellore

Mano shoe plaza, Tiruvanamalai Sri murugan agency, Cuddalore.


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Praveen agency, Trivarur

SALES ENCOURAGEMENT Advertisement

Boards

Local cable ads

Postures

Incentive schemes

Yearly turn over schemes

Van allowance

If the product is weak in the market they will provide additional

discount to the product. Exchange is possible if the product has got damage.

Fixing target for sales

Distributors target

Turn over discount

Advertisement

If a new product is launched into the market following methods are

adopted;

Sample development

Sales team display

Distributors

If they are satisfied the product will be launched.

Sales team consist of 5 members out of it 4 are marketing executives.

Senior sales manager is Mr. Selvarangan. As per them April, May and June is

the most profitable months in the year. 30-35 cr is the yearly sales turnover of

the company. There are 10 workers under sales team. As per the datas the

company is achieving the sales target from the beginning.16 th of every month

the sales team will make projections.


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FINANCE DEPARTMENT

INTRODUCTION:

Finance is an identical but distinct segment Of the overallmanagement function. It is closely related to various managerial functions

such as production, personal and distribution. The finance function

comprises of determining and rising of necessary funds from

appropriate courses and their proper allocation and control with the aim

of attaining the enterprises goals and objectives.

Finance functionaims at reaching a tradeoff between risk and return between profitability and liquidity with ultimate objective of maximizing the

value of the firm. Williams, hunt and Donaldson describe finance function

as "a task of providing the funds required by an enterprise on the terms most

favorable to it in the light of the objective of the business".

FUNCTION OF FINANCE DEPARTMENT

The accounts department processing industry performs the following

functions purchase processing, sales processing excise duty register

maintenance, petty cash, payroll processing. These functions are executed by

assistant manager accounts in respectively,

It is responsible for finalization of half yearly and annual accounts

for internal audit and also to file the same to the inspector of factories.

They prepare yearly budgets and make a periodic revised of all

subsidiary ledgers. Cash or bank payment vouchers and vouchers on

sale of sale of scrap are prepared and keyed into system.

They generally maintain the books of accounts necessary for the

organization are, Cash book, journal book and sales register, purchase


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register, and debit note register, credit note register journal/ledger.

Financial accounts such as trading and profit and loss account and

balance sheet is prepared at the end of the financial year.

The payments is received by the customer are examined with

corresponding invoices.

The accounting in charge is responsible for preparing cost accounts and

financial budget.

THEY PREPARE THE FOLLOWING REPORTS OR ACTIVITIES

Preparing bill of exchange

Preparing Balance sheet and Profit and loss A/C They generally maintain fixed assets register for a periodical

physical rate approval for those who fulfill the criteria

It is responsible for the preparation of "sales carder processing" on invoice

Forwarded by the marketing department and finally

generates order master,

This states the performance of customers

BANKER

In Josco Polymer Pvt. Ltd, every unit has an account in bank

for a transaction. Through this the company give salary to employer get a

salary from CANARA BANK .

PURCHASE DEPARTMENT

Purchase department of Josco polymers is taken care by Mr. Ravi


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Lourderaj who is in charge of purchase department. The function of purchase

department is to purchase the materials required for the production. Normally

they purchase 3 types of material.

Raw materials

Consumables

Spares

They mainly purchase materials from North India like Haryana, Delhi, Gujarat

etc.

PURCHASE PROCESS

Purchase requisition

Order

Following up

Party

Sending material

Dispatch

Follow up

Clearing transport


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Store

Once the stock is stored in the market Goods received note is raised by

the store department in the firm. The material is checked by the store keeper and

production manager. If they approve the material is taken for the production. In

case there is a rejection company sends back and gets replacement. The

expenses will be bored by the dealer himself. If lack of materials arises the

company will go for alternative suppliers.

If only the company receives the raw material, they will make the

payments. Without the material requisition the manager wont buy anything. He

has the direct contact with the suppliers. He has got the power to decide

anything about the purchase. Reduction and discount is there for the raw

materials. Payment is the important aspect of production department.

DESIGN DEPARTMENT

Design department is an important department concerned to Josco

Polymers. They play an important role in the organization point of view. The

department is headed by Mr. Upendra. Under him there are two assistants. The

main function of this dep artment is to design the footwears. Another function

of this department is to check the quality of raw materials.


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SWOT ANALYSIS

STRENGTHS: -

Existence of more than sufficient productive capacity in tanning. Easy availability of low cost of labour. Exposure to export markets. Managements with business background become quality and environment

conscious. Presence of qualified leather technologists in the field. Comfortable availability of raw materials and other inputs. Massive institutional support for technical services, designing, manpower

development and marketing. Exporter-friendly government policies. Tax incentives on machinery by Government. Well-established linkages with buyers in EU and USA.

WEAKNESSES: -

Low level of modernisation and upgradation of technology, and theintegration of developed technology is very slow.

Low level of labour productivity due to inadequate formal training /unskilled labour.

Horizontal growth of tanneries. Less number of organised product manufacturers. Lack of modern finishing facilities for leather. Highly unhygienic environment. Unawareness of international standards by many players as maximum

number of leather industries are SMEs. Difficulties in accessing to testing, designing and technical services. Environmental problems. Non availability of quality footwear components Lack of fresh investment in the sector. Uneconomical size of manufacturing units. Competition among units vying for export orders leading to undercutting. Little brand image. Poor labour productivity. Lack of awareness about consistent in

plant training and retraining- Inconsistent quality high rejection rate


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Low machine and material productivity.Lack of quality job work units

Delayed deliveries Weak support infrastructure for exports

OPPORTUNITIES: -

Abundant scope to supply finished leather to multinationals setting upshop in India.

Growing fashion consciousness globally. Use of information technology and decision support software to help

eliminate the length of the production cycle for different products Product diversification - There is lot of scope for diversification into

other products, namely, leather garments, goods etc. Growing international and domestic markets. Exposure to newer markets through Fairs/ BSMs Retain customers through quality supplies and timely deliveries Aim to present the customer with new designs, infrastructure, country&

company profiles. Use of modern technology Exhibit strengths in manufacturing, for example, strengths in classic shoe

manufacturing, hand crafting etc. De-reservation of the footwear sector.

THREATS: -

Entry of multinationals in domestic market. Stiff competition from other countries.(The performance of global

competitors in leather and leather products indicates that there are at least5 countries viz, China, Indonesia, Thailand, Vietnam and Brazil, whichare more competitive than India.)

Non- tariff barriers - Developing countries are resorting to more and morenon tariff barriers indirectly.

Improving quality to adapt the stricter international standards. Fast changing fashion trends are difficult to adapt for the Indian leather

industries. Limited scope for mobilising funds through private placements and

public issues, as many businesses are family-owned.


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SUGGESTIONS

I suggest the following, for the company to shine in more prospective

way, if considered to be necessary.

The company management should find out the remaining 12% of the

labours queries which causes them that they are in the level of

dissatisfaction.

This can be done by appointing a companys personal officer or the

immediate supervisor as the counsellor between the Top level

management and the Bottom level management, so that he can act as a

friend between the labours and the management.

I would also suggest that, to change the inner looks of the company

for the better lighting facilities and proper flooring.

The labours should also be given continuous feedback regarding their

work, whether positive or negative which can improve the level of their

efficiency.

Another suggestion is to avoid the job working, if the buys more

machineries, it will make them more profitable.


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CONCLUSION

The organisational study in Josco helps me to know about what all are

the various departments functioning in an organisation. Josco are producing

good quality slippers of different styles and ranges for people to consume it.

They perfectly matc h their slogan WALK WITH PRIDE AND HARD

WORKING CHAPPALS FOR HARD WORKING FEET. Through my I

analysed that all the departments in the company are functioning properly.

Before I conclude I wish to convey my thankfulness in regard to training

given to me in puducherry. It gave extreme practical knowledge of different

activities carried out in each and every department. The kindness, attention and

immense cooperation extend to me by all the officials in the company made my

training easy and comfortable.

MY EXPERIENCE

The study helped me to understand that how the company identifies the right

taste of the consumers and how it became the leading brand in south India. I

was also able to understand some of the opportunities and threats of the

company. Being a student of MBA, the internship entitled An organizational

study at josco polymers Pvt. Ltd. has benefited me with so much of confidence

and awareness, so as to be capable of myself to work in a firm. The study gave

me an opportunity to experience and improves my practical knowledge besides

my theoretical knowledge about an organization.

Documents

Arjun Final Report