CONTENTS

S.NO PARICULARS PAGE NO

INTRODUCTION

1.1 Introduction 1
I
1.2 Introduction to the Company 3

DEPARTMENTS

2.1 Production Department 5

2.2 Human Resource Department 7

II
2.3 Finance Department 10

2.4 System Department 18

III SWOT ANALYSIS 21

IV CONCLUSION 23
INTRODUCTION

INTRODUCTION
PERIOD OF TRAINING:

I have undergone summer internship training SRE SAI

TRUEWINS TEXTILES in from 07/05/2019 to 13/06/2019.

AREA OF TRAINING:

During the training period I have visited various departments;

 Production Department
 HR Department
 Finance Department
 Marketing Department
 System Department
We will see this department and functions briefly.
INTRODUCTION TO THE COMPANY

Established in the year 2006, Sre Sai Truewins Textiles in Lakshminaickenpalayam,

Coimbatore is a top player in the category Fabric Manufacturers in the Coimbatore. This well-
known establishment acts as a one-stop destination servicing customers both local and from other
parts of Coimbatore. We are manufacturer of Open End Recycled Cotton Yarn especially Optic
White Cotton Yarn in Count Range 16s and 20s, 2/20 TFO Yarn. We are also trading Open End
Recycled Cotton Multi Coloured Yarns.
Over the course of its journey, this business has established a firm foothold in it’s
industry. The belief that customer satisfaction is as important as their products and services, have
helped this establishment garner a vast base of customers, which continues to grow by the day.
This business employs individuals that are dedicated towards their respective roles and
put in a lot of effort to achieve the common vision and larger goals of the company. In the near
future, this business aims to expand its line of products and services and cater to a larger client
base. In Coimbatore, this establishment occupies a prominent location in
Lakshminaickenpalayam. It is an effortless task in commuting to this establishment as there are
various modes of transport readily available. It is at Thalaivasal Thottam, Near Sellakarasal,
which makes it easy for first-time visitors in locating this establishment. It is known to provide
top service in the following categories: Acrylic Yarn Distributors, Blended Yarn
Distributors,Open End Spinning Mills in Tirupur, Open End Yarn Suppliers in Tirupur, Open
End Yarn Manufacturers In Tirupur, Filament Yarn Wholesalers. Sre Sai Truewins Textiles in
Lakshminaickenpalayam has a wide range of products and services to cater to the varied
requirements of their customers.
The staff at this establishment are courteous and prompt at providing any assistance. They
readily answer any queries or questions that you may have. Pay for the product or service with
ease by using any of the available modes of payment, such as Cash, Master Card, Visa Card,
Debit Cards, Cheques, Credit Card. Open End Spinning Mills Tirupur, Open End Yarn
Manufacturers in Tirupur, Yarn Manufacturers in Tirupur, Yarn Suppliers in Tirupur, Open End
Spinning Mills in Tirupur, Open End Spinning Yarn Suppliers in Tirupur.
PRODUCTION
DEPARTMENT
 PRODUCTION DEPARTMENT

The main function of production department is spinning the gained cotton

into yarn of high quality conversion of raw varieties fine yarn of different counts
like into 60’s Combed Hosiery/red label, 60’s Corded Hosiery/Auto spilled 2
combined yarn one Noilet label, etc. in export quality.

The production of yarn involves various processes. The raw material said to
be Cotton is taken in bale form and then the visible impurities are removed by
picking process and mixing process takes place. It is taken into the blow room for
opening and cleaning and marking it into a lap form. After this, Carding process is
done for removing mixture impurities and made in to a thread according to the
required thickness. In Silver and Ribbon lap doubling, parallelization and making
into lap form are done. In comber process fiber parallelization is improved and
naps and foreign matters are removed.

Again fining the Silver and removing looks in thread is done. The fine yarn
is produced by simplex and ring frame method. The faulty yarn is removed by
using electronic yarn cleaner. After all the process are done the long length of yarn
is packed in good condition. The length of the yarn is usually measured in yards.

PRODUCTION DEPARTMENT CHART

Production Manager

Supervisor

Workers

PRODUCTION DEPARTMENT LAYOUT

PROCESS FLOW

BLOW ROOM

CARDING

BREAKER DRAWING

FINISHER DRAWING

SIMPLEX/ROVING

RING SPINNING

AUTO CONE

PACKING (BAGS
HR DEPARTMENT
HR DEPARTMENT

DEPARTMENT CHART

GM

HR MANAGER

STAFFS

WORKERS

SOURCES OF RECRUITMENT

The company recruit, train, develop and rewarded employees within the organization in such

a way so that they can prove themselves as assets for the company.

Company has professional management and skilled technical staff and trained labor force. A

present figure of total employees in organization is approximately 200 including management staff

and labor force. Company gives on job training to employees.

METHODS OF SELECTION

The staffs are selected according to their knowledge and educations and the work

experience. The company first see the performance of the staff then only the company permanent

them.

TRAINING & DEVELOPMENT

The company provides training to the all staffs and workers to develop them. After appointing a
worker the company gives training to him for two months. The company motivates the staffs and
worker by providing award and rewards and salary increments, bonus.
DESINING TRAINING PROGRAMS

In this company training program is compulsory for fresher. The experienced staff will guide

the staff and give training to him.

Union policy

The company has only workers union. The union’s policies are to improve the workers. It created

for worker’s welfare.

SALARY PAYMENT METHODS

The salaries are paid by shift basis. The minimum shift is 1(one), maximum shift is 2(two).

1(one) shift timing is 8 hours, 1½ shift is 12 hours. Some times the workers have to work 1½ shift

because of short time deliver. If a worker works 1 shift means he will get 80rs if he works 1½ shift

means he will get 120rs.

MOTIVATION METHODS

There are motivation classes and all conducted by various persons and attendance award is given

to all employees who are prese

nt in the mill for a certain number of days.

LABOUR WELFARE FACILITIES

There are several welfare facilities some are canteen, rest room recreation room, library etc.

PAY ROLE PROCESSING

Pay role is according to the hierarchy of the organization. For the Managers and for the staff as

per the Government norms the salary will be there, for the permanent workers the daily wages will be

about 175 and for the trainees 125 excluding the other beneficial payments and allowances.

HR POLICIES & FRAME WORKING

General Manager, H R and his team in consultation with Management develops HR policies.

OUTSOURCING OF HRM PROCESS

They are not doing outsourcing process. In future they are plan to this process.
 FINANCE
DEPARTMENT
FINANCE DEPARTMENT

DEPARTMENT CHART

Finance Manager

Accountant

Stock keeper

System feeder

Basis for preparation of financial statement:

a) The financial statement have been prepared in compliance with all materials

aspects of the mandatory, accounting standards issued by the institute of chartered

accountants of India and the relevant act, 1956.

b) Consent with revenues recognised and expenses accounted for on their accrual.

Fixed asset:

a) Fixed asset stated at cost, net if excise and custom duty where Moved credit on

capital goods is availed except fixed assets taken over as a result of nationalisation,

which are stated at values then approved by the board and revalue price less

accumulated depreciation and impairment loss, if any.

b) Cost includes freight and insurance duties and taxes, installation and commissioning

charges and other charges the date of commissioning. In case of imported fixed

asset, it includes in addition above, other charges payable as per foreign

exchange contract.
Investment:

a) Long term investments are stated at the cost of acquisition. However provisions for

diminution are made to recognise a decline, other than temporary in the value of

long term investment.

b) Current investments are stated at the lower of cost or fair market value.

Depreciation:

a) Depreciation of fixed asset/other than costing upto Rs. 5000/- has been provided

pro- vata on straight line method, in accordance with circular no : 14(93), file no :

1/12/92 CL-W dated 20th Dec 1993 of the Government of India, Ministry of Law &

Justice and Company Affairs, Department of Company Affairs at rates specified in

schedule XIV of the Companies Act, 1956.

b) Depreciation on fixed asset costing Rs. 5000/- or less at the time of acquisition has

been provided 100% for the full year, irrespective of the date of acquisition.

c) Premium paid on leasehold properties and amortized over the respective lease period.

Inventory valuation:

a) Raw materials in stock at variety wise monthly Weighted Average Cost on net

realisable value whichever is lower.

b) Raw material in transit and finished goods (packed yarn ): at cost or net realisable

value whichever is lower.

c) Finished goods at depot (yarn): at lower cost of realisable value.

d) Finished goods at related depots/duty paid godowns - cost including excise duty

paid or net realisable value whichever is lower.

Government grants:

The government grants are accounted for on cash basis. The balance of un-utilised grant at

the year end is shown as current liability.

CENVAT and VAT:

CENVAT and VAT are accounted for by reducing purchase cost of related materials in cases

where credit for the same is availed.

Revenue and recognition:

a) Sales revenue is recognised in case of direct sale on raising on invoice and delivery

of goods and in respect of depot/consignment sales, revenue is recognised on the

basis of receipt of “accounts statement” from the depot/consignment agent

confirming the sales. Sales at DGS & D are accounted for at provisionally quoted

rates and the difference if any, in finalised rates is accounted in the year in which

rate are finalized.

b) Purchase of raw materials is accounted for on invoice value except in the case of

supplies from Government agencies where it valued on the basis of Performa

invoice in the absence of invoice.

c) Export sales are accounted at CIF value basis.

COST ACCOUNTING

The contribution of cost accounting in key area like cost control, product mix selection, resource

conservation, production planning etc... is well organised. Its relevance in textile industry, which

operates in a buyer’s market most of time, needs no special emphasis.

STATUATORY COST CONTROL ACCOUNTING RECORD (COTTON TEXTILE)

RULE:

The government has prescribed cost accounting record rules for cotton textile industry in the year

1.7.1977. The rules require maintenance of cost accounting records on a continuous basis.

The records are to be audited by a cost auditor every alternate year. The cost auditor has to submit the

report to the government.

COST DATA:

Cost data are necessary to ascertain the product costs to exercise control at all levels and to accelerate
 the decision making process. Cost data are generated:

 To comply with the requirement of statutory cost accounting records (cotton textile rules

1977).

 To prepare monthly cost and contribution statement as part of

 To prepare special reports aiding decision making

 To provide meaningful cost data, it is necessary to collect and then synthesis all relevant

information uniformly and consistently.

COST OF PRODUCTION:

Cost of production consists of material cost and cost of conversion. Therefore, the methods of cost

finding described under two headings, namely:

i. Determination of material cost

ii. Determination of cost of conversion

DETERMINATION OF MATERIAL COST:

In yarn production, cost of cotton, manmade fibre and packing material constitutes material cost.

Material cost forms a major segment of variable cost. Therefore , correct determination of material

cost is crucial in cost accounting.

COTTON COST, MANMADE FIBRES

a) Mixing cost

It is the aggregate of all varieties of cotton issued for manufacturing yarn.

DETERMINATION OF CONVERSION COST

Once the material cost per unit is arrived at, the next step would be the determination of

conversion cost in several departments and sub departments. This is facilitated by the establishment

of cost centres.

ESTABLISHMENT OF COST CENTRES

 A cost centre refers to a location, unit, function, an item of equipment (or group of them)

connected with an establishment which are homogeneous and in relation to which costs are to be

ascertained.

It enables systematic collection and allocation/apportionment of cost for arriving at the correct cost of

conversion. A cost centre may be a production centre or service cost centre.

Cost estimation:

In cost estimation, historical cost cannot be relevant cost, though its influence cannot be rule out.

THE RELEVANT COST, FOR COST ESTIMATION IS TO BE BASED ON THE

FOLLOWING PARAMETERS:

 Utilisation budget or previous 3 months average. (barring strike period) which ever

isless.

 Productivity budget or previous 3 months average which ever is less.

 Yarn realisation budget or previous 3 months average which ever is less.

 Material cost stock plus stock to receive covering the delivery period.

 Conversion cost power, fuel, at current cost days a month based on a recent month.

Overheads estimated for 30 days a month based on a recent Month.

 Doubling utilisation 75% or previous three months actual utilisation whichever is

higher.

PRICE LIST

 Labor cost per kg is Rs.10

 Maintenance cost per kg is Rs.5

 Electric bill cost per kg is Rs.20

 Other expenses per kg is Rs.5

COMPARATIVE BALANCE SHEET

Mar ' 09 Mar ' 08 Mar ' 07

Equity share capital 5.87 5.87 5.87

Share application money 1.80 - -

Preference share capital - - -

Reserves & surplus 22.12 35.66 31.72

Secured loans 155.17 144.35 86.32

Unsecured loans - 1.69 25.07

Total 184.96 187.58 148.98

Gross block 227.74 219.17 126.60

Less : revaluation reserve - - -

Less : accumulated depreciation 63.30 54.54 50.47

Net block 164.44 164.64 76.13

Capital work-in-progress 4.71 4.21 62.97

Investments - - -

Current assets, loans & advances 89.99 85.58 61.24

Less : current liabilities & provisions 74.45 67.20 51.36

Total net current assets 15.54 18.38 9.88

 Mar ' 09 Mar ' 08 Mar ' 07

Miscellaneous expenses not written 0.27 0.35 -

Total 184.96 187.58 148.98

Book value of unquoted investments - - -

Market value of quoted investments - - -

Contingent liabilities 14.81 16.30

27.48

Number of equity shares outstanding (Lacks) 58.70 58.70 58.70

 SYSTEM
DEPARTMENT
SYSTEM DEPARTMENT

In system department they have one server system, six systems and two printers. The server system
is in MD room. The all details are stored in the server system. The server is protected by password.
They using the computers mainly for payment of salary and maintains the accounts of the company.

FRONT-END AND BACKEND TOOLS

In frontend they are using visual basic. They are using MS-access as .backend.

Software Configuration

The software’s are using in the company is

 The system OS is Windows XP

 Ms-office full pack for documentations
 Adobe Reader is using for PDF files
 Tally 9.0 for maintaining the accounts
 Visual studio, photoshop.
 Internet explorer 8.0
 Symantec anti-virus for protect the online and offline of the system

HARDWARE

System Configuration

 Intel dual core processor 1.6 GHz,

 1GB RAM
 LG 15 inch LCD monitor
 DVD reader and writer
 160GB Hard disk
 Microsoft keyboard and optical mouse.
 Laser printer
The hardware configurations are changeable according to the upcoming upgrades. They decided to use
windows 7 OS from next year.
System Maintenance

The systems are maintains every month. Especially the server is maintains at every week. The system
is protected by Symantec anti-virus from viruses.

Pros

 It is user friendly.
 Maintenance cost is very less
 Duplication is avoid
Con
s

 It can be operated only

knowledgeable person
 If any problem occurs in the
system that will affect the whole
functions of the department.

Identifications of errors

They identify the errors by compiling the programs. If any error identified means they will clear it
immediately. They are using simple configuration systems so there no wanted for pros & cons in it.

System policy

The company said that they will change their system configuration and software configuration
according to the new updates of software and hardware.
SWOT ANALSIS
FINDINGS

 They have the effective maintenance in workforce and the distribution towards the customers.

 Active Associates produce only quality product for that the are handling some set of procedure to

follow.

 Mainly company is concentrating on employee welfare , safety and security.

 Employee are also working with 90% job satisfaction it improve the productivity and profit.

 Some of respondents are dissatisfied with their work in case of motivation

SUGGESTION

Based on the finding the following suggestions are made.

1. To overcome the competition the company should concentrate on the strength and weakness

of its competitor. The naturally the company will be the best in the industry.

2. The reasonable facilities provided to the staff and worker’s should improve to make a right

environment to them.

3. The company found that quality products results from quality raw materials. So the company

should follow the same purchase procedure.

4. Hi-Tech machineries should be operated technically improved skilled worker to improve the

efficiency of the new machineries.

5. The company should put its full potential in all function area at particular frequency to

monitor the all activities performed by the company.

CONCLUSION
CONCLUSION

Learning is a continuous process. There is no age limit to it. We, being the students tried to learn

the things in the best possible way. From carding to ring spinning, it was never easy to learn each and

every mechanics involved. However we focused on the basic process flow. We learned that how the

material flows from blow room to card and then how it is converted into a yarn later in the ring

process. But some unique things through which we came to know the practical implementation of

theoretical knowledge are as follows:

 We got an idea of spinning plan

 The continuous quality checking and machine over hauling process to ensure

quality production of yarn.

 The can crossing plan of card, breaker, finisher and roving.

 The calculations related to fiber blending and how the fibers are blended in an accurate

ratio at the blow room.

 The mill policy of not allowing the workers of age less than 18.

 The strict mill policy for employees not to go out during duty hours.

 How the students of different textile institutions are encouraged for the internships and mill

visits.

The study helps to get a overall view of organizational aspects of Anithaa Cotton Mills (India)

Private limited and also to know about how an organization is running and getting success on their

goals and objectives by maintaining the goodwill and status among the customer