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An Organization Study at TULSYAN NEC LTD: Objectives of The Study
An Organization Study at TULSYAN NEC LTD: Objectives of The Study
An Organization Study at TULSYAN NEC LTD: Objectives of The Study
INTRODUCTION
Tulsyan NEC Ltd was established in 1947 and has since become one of South India’s most
reliable TMT manufacturers. Tulsyan is an ISO 9001-2000 Certified Company listed on the
Indian Stock Exchange. The company was initially known as the National Engineering Company
until the early 90s, when it was renamed Tulsyan NEC. Tulsyan Steel is among the leading
manufacturers of Thermo Mechanically Treated (TMT) Bars in India. The company’s operations
include Steel Manufacturing, Power and HDPE/PP Woven Sacks. Tulsyan Steel is registered
with the Bureau of Indian Standards, and each TMT Bar is accompanied by a BIS Test
Certificate
Tulsyan Steel was the first licensed rolling mill in South India to produce TMT steel rebars and
has been the industry pioneer in innovative and highly durable products in TMT rebars. The
company has been awarded the ISO and IS 1786/ 1985 certification in recognition of its pursuit
of quality. The company is fully backward integrated with its own sponge iron, bloom and power
producing facility. The unit uses some of the most modern and cutting edge machinery imported
from Belgium and Sweden.
Tulsyan focuses on three main areas to ensure the highest standards of the products – technology,
quality and cost. There is no compromise when it comes to these three key areas of focus. Every
TMT Bar that rolls out of the plant bears the stamp of quality on it.
1) The objectives of the study are to learn & understand the working of various functional
departments like Production, Marketing, Finance and Human Resource.
2) Outline and study the growth and working of the company from its inception.
3) SWOT ANALYSIS to identify the major strengths & weaknesses of the company for
improvement.
4) Study the performance of Tulsyan Nec Ltd.
An Organization study at TULSYAN NEC LTD
Polymers are a large class of materials consisting of many small molecules (called monomers)
that can be linked together to form long chains, thus they are known as macromolecules A
typical polymer may include tens of thousands of monomers. Because of their large size,
polymers are classified as macromolecules.
In the late 1830s, Charles Goodyear succeeded in producing a useful form of natural rubber
through a process known as "vulcanization." Some 40 years later, Celluloid (a hard plastic
formed from nitrocellulose) was successfully commercialized. Despite these advances, progress
in polymer science was slow until the 1930s, when materials such as vinyl, neoprene,
polystyrene, and nylon were developed. The introduction of these revolutionary materials began
an explosion in polymer research that is still going on today.
Unmatched in the diversity of their properties, polymers such as cotton, wool, rubber,
Teflon(tm), and all plastics are used in nearly every industry. Natural and synthetic polymers can
be produced with a wide range of stiffness, strength, heat resistance, density, and even price.
With continued research into the science and applications of polymers, they are playing an ever
increasing role in society.
DISCRIPTION
Polypropylene is made from the polymerization of pure propylene gas at low temperature and
pressure. This polymer is known for its unique features such as anti rusting, good insulator, low
density, highly crystalline, high resistance to fatigue and a high melting point. It is also known as
a saturated polymer.
Polypropylene is a type of plastic polymer that is mainly used in packaging and moulded articles.
The polymer was discovered much after polyethylene but even though; it gained much
An Organization study at TULSYAN NEC LTD
importance and rose up to the level in context of popularity. Since it has been discovered, until
now, it has made its mark into the daily routine activities of the masses.
The major uses in which polypropylene is required are flexible packaging, rigid packaging,
automotive parts, consumer products, fiber products and other industrial applications.
The world market is growing at an average of 3% per year. The world trade in polypropylene has
a same pattern as in the case of polyethylene. The major exporters of this polymer lie in the
Southern Asian and the Middle Eastern area and South Korea is one of the dominant players in
the world market. The other exporters include USA and the countries in the western European
region.
An Organization study at TULSYAN NEC LTD
In woven sacks industry production takes places from using HDPE (hydro polyethylene) and
PP(propylene)of plastic contents the cost incurred in producing both the raw materials are more
or less same but most of the companies are producing pp raw materials for its production purpose
because its abundance availability in the market and number of suppliers are more.
In India woven sacks industries are providing employment opportunities over 1 million people.
However the industry is growing tremendously due to quality packaging capabilities this industry
approximately contribute to GDP of the nation around 0.12%.
Tulsyan NEC Ltd is one of India's leading manufacturers of Thermo Mechanically Treated
(TMT) Bars. The company is engaged in the Manufacturing TMT bars, Synthetics Woven
Fabrics and Sacks. They have their manufacturing plant at Chennai (Ambatuur &
Gummudipoondi) and Bangalore (Dodabalapur). Their products include TMT Bars, sponge,
billets and ingots in the steel division and in synthetic division it includes PP Woven Sacks,
FIBC and Woven Fabric. The company is an ISO 9001-2000 Certified Company. The Company
is the Flagship Company of the Tulsyan Group. The company is into manufacturing of Thermo
Mechanically Treated Bars. It is the first Licensed Rolling Mill in South India to produce TMT
Bars and obtain ISI 1786 and ISO certification. Tulsyan Steel is registered with the Bureau of
Indian Standards and each TMT Bar is accompanied by a BIS Test Certificate. Tulsyan NEC Ltd
was incorporated on April 11, 1947 as National Engineering Company Ltd in Kapurthala,
Punjab. In July 7, 1947, the company received the certificate of commencement of business. The
company was established to manufacture CTD bars, MS Rounds and other finished steel
products. In the year 1965, the re- rolling facilities at Kolkata was relocated to Chennai. In the
year 1986, the company was taken over by Tulsyan Group. In the year 1994, the company
established additional facility of 36000 MTPA to manufacture MS Ingots. In July 1994, the
An Organization study at TULSYAN NEC LTD
company entered the capital market with their maiden public issue and their equity shares we-
re listed on the BSE. In the year 1996, the company received an award from the Government of
Karnataka for export performance. In June 1996, Tulsyan Synthetics Ltd was amalgamated with
the company. In August 1996, the name of the company was changed from National Engineering
Company Ltd to Tulsyan NEC Ltd. In the year 2004, the company installed furnace having Billet
manufacturing capacity of 72000 MTPA at Gummudipoondi. In the year 2005, they set up wind
mill at Devarkulam. In the year 2007, the company installed Rolling Mill at Gummudipoondi
having capacity of 150000 MTPA. In the year 2008, the company signed an MoU with Power
Trading Corporation and Suhaly Abdul Mohsin Al- Shouibi & Sons holding Co Ltd. In August
2008, they entered into an MOU with Budhrani Group of Companies for setting up a joint
venture company. In the year 2009, the company increased the Billet manufacturing capacity by
72000 MTPA at Gummudipoondi. During the year 2009-10, the company completed the
expansion by increasing the Rolling Mill capacity by 150000 MTPA at Gummudipoondi. Also,
they acquired Chitrakoot Steel & Power Pvt Ltd with sponge iron manufacturing capacity of
36000 MT per annum. The company's shares were permitted to trade on National Stock
Exchange of India Ltd with effect from November 05, 2009. The company is in the process of
The company is one of the reputed manufacturer's of Synthetic Woven Sacks/Fabric and is
regularly supplying bags to all the major cement companies and many other reputed
organizations in India and also exporting the same on a regular basis.
Manufacturing unit is having well equipped chemical and physical laboratory to monitor the
quality of the product. Besides the sophisticated plant and machinery and the matching in-plant
working environment, organization is managed by a team of dedicated and well experienced
technocrats who believe in excellence of the product
An Organization study at TULSYAN NEC LTD
Tulsyan NEC ltd is a leading supplier of Pp FIBC, Jumbo Bags, and Woven Sacks. The
Organization is proud to be esteemed supplier of many customers around the world with the
primary goal to meet their clients requirement and establish mutually pleasant business
relationships with them. The sacks are used to pack cement, food grains, sugar, seeds, branded
products, pulses, chemicals, resins etc. offer circular or flat fabric to be converted to sacks or
bags at customer's end or to use as over wrap for textile packing, upholstery, for carpet backing,
baling and tarpaulins. The sacks, bags, fabrics can be supplied in any color, with printing of logo
or packed products specifications.
The Synthetics/Plastic division has recorded steady growth over the years. The Company
entered the export market during 1993-94 with an export turnover of Rs.2.41 lakhs during the
first year, exports has steadily grown since then. The Company got an export award from the
Government of Karnataka for its export performance for the year 1995-96.
In course of time the company has extended its product range to include manufacture of Flexible
Intermediate Bulk Containers (FIBC) and Wide Width Woven Fabric (WWWF)
To be a global leader in Synthetic fabrics and delight the customer by creating products that offer
unmatched superiority.
Our mission is to become a benchmark organization in packaging industry. For this we are
constantly striving to develop our organization, enhance professional skills and upgrade
infrastructure system so as to be highly successful in the competitive environment of the new
millennium.
An Organization study at TULSYAN NEC LTD
Profit Maximization
Minimization of Waste
70%-80% Employment opportunity
Employee Welfare
Creating social Responsibility
Learning and development
Family focus
Hygienic factors
» Cement Bag
» Fertilizer Bag
» HDPE Sacks
» HDPE Woven Sacks
» HDPE and PP Woven Sacks
» Jumbo Bags
» Packaging Sacks
» Polypropylene Woven Sack
» Sandbags
» Woven Bags
» Woven Sacks
» Woven Sacks Bags
TULSYAN Company is producing wide variety of products to fulfill the requirements of the
different customers.
An Organization study at TULSYAN NEC LTD
HDPE and PP Woven sacks are now firmly established as a preferred means of bulk packaging
manually handled materials for storage and transport. Except where restricted by Government
legislation, user preference for woven sacks has been almost total. Of the alternate sack
materials available, jute output is limited by a stagnant jute cultivation level as well as by
steadily increasing prices. Paper sacks have also been limited by the growing pressure against
tree-felling for pulp. It is therefore, inevitable that the woven sacks market will grow steadily as
Indian industry expands.
FIBCs are more recent innovation on the international scene. The rising cost of manual handling
in developed countries has forced them to adopt more of automated techniques for bulk product
handling.
In the case of bulk commodities with large volume handling requirements, tank cars for road or
rail transport, bulk carriers for marine transport and silos and conveying systems for storage are
well established. Economics of scale play an important part in cost control. However at points
of distribution of such commodities or where the commodity volumes are not so large and
intermediate bulk handling system is required. This requires the availability of a safe,
convenient and cost effective container for storage and handling. The FIBC has proved to be the
most effective container to meet these needs.
FIBCs have been standardized in size ranges from 200 kg to 4 tones depending on bulk density
and modes of transport and handling. Loss protection and safety aspects have a major bearing on
the FIBC design as do the lifting, transport, loading and unloading methods. Further the
commodity properties have a bearing on the container stability which also needs to be taken care
of by proper design. The FIBC has, therefore, a much higher level of design engineering input
when compared to the conventional small woven sack, even though both use similar types of
fabric.
Besides stronger and more reliable fabric quality the FIBC calls for properly designed lifting
straps, a body configuration with reinforcements to ensure stability during storage and handling
and suitable inlets and outlets for ease of loading or unloading and for protection against spillage
or leakage.
An Organization study at TULSYAN NEC LTD
Infrastructure:
The company is having well equipped chemical and physical laboratory to monitor the quality of
the product. Besides the sophisticated plant and machinery, the company has a matching in-plant
working environment.
Domestic Manufacturers:
GAIL.
GE Plastics India.
Haldia Petrochemicals.
IPCL.
Karnataka Petrosynthese Limited.
NOCIL.
Reliance.
Supreme Industries
International Manufacturers:
Exxon Mobil.
Honam Petrochemicals.
Hyndai Petrochemicals.
Samsung.
Shell.
Dow Chemicals.
An Organization study at TULSYAN NEC LTD
Established in 1938
Activities
Windmill
Technologies
Synthetic
Turnover
$ 180 Million
Divisions
Iron and Steel
Windmill
Technologies
Synthetic
Activities
Trading
Turnover
$36.00 million
Windmill Division
Eight in Number- Power Generated is for self consumption for the Iron
and Steel Division
Capacity 1800 KWA
Technologies
Activities
Web Designing/Hosting
Medical Transcription at Chennai
30 Foreign Language Translation
An Organization study at TULSYAN NEC LTD
COMPETITORS PROFILE:
There are 536 Companies who are in the same industry in India, some of the major
1) SHRI.L.K.TULSYAN
2) SHRI.SANJAY TULSYAN
PROFESSIONAL DIRECTORS
3) SHRI.SOUNDARARAJAN
4) SHRI.P.T.RANGAMANI
5) SHRI.A.P.VENKATESWARAN
6) SHRI.S.RAMAKRISHNAN
7) SHRI SANJAY AGARWALLA
8) SHRI.V.KIRUBANANDAN
CHIEF EXECUTIVES
Export House
State Award For Excellence In Exports From Government Of Karnataka For The Period 1995 –
1996
State Award For Excellence In Exports From Government Of Karnataka For The Period 1996 -
2000
All India Flat tape Manufacturers Association From National Association Of Plastics Woven
Sacks Manufacturer For Excellence In Exports For Medium /Large Scale Sector For The Year
1997 - 1998
Rated by Business Barons As One Among The 1st 500 Most Outstanding Companies In The
Country For The Financial year 2002
An Organization study at TULSYAN NEC LTD
Organizational chart
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An Organization study at TULSYAN NEC LTD
Chapter3
An Organization study at TULSYAN NEC LTD
PRODUCTION DEPARTMENT
Production is the conversion of raw materials into the end product by using processes, machines,
men, tools, and so on. It is the process by which goods and services are created.
As we study the overall organization we come know that the company is following the Pull
System process of production.
PULL SYSTEM
It is a system of production in which products are produced only as they are ordered by
customers or to replace those taken for use. Or a JIT system.
Manufacturing facilities
The company posses world-class manufacturing facilities for production of high quality
Polypropylene (PP) woven fabrics, woven sacks / bags. The machine at the companies facility
incorporate latest technology that provide great flexibility and cost saving in manufacturing
process. The company’s manufacturing facilities include the following :
Extruder
Cutting and stitching machine
Lamination plant
Woven bags sewing machine
Circular weaving machine
Hydraulic bailing press for HDPE/PP bags
Features:
Make: GCL
Capacity: 3000bags/hrs
Lamination Plant
Features :
Electrically operated
Easily convertible in single needle machine
Easy adjustment of distance between the
needles
Fully automatic lubrication with oil recycling
Number of machines : 20
Features :
Features :
Extrusion
Weaving
Quality analysis
Fabric printing
Cutting
Stitching
Bailing
4. Programs: - The programs include the activity concern with the company’s achievement to
the strategic goals of the company the retaining the talented employees the organization.
Since company has started so many years ago it has expanded its business in overall India and its
supplying of goods and services according to the requirements of the customers .
An Organization study at TULSYAN NEC LTD
5. People: - People refers to the workers or employees working in the Organization. This
company is providing the employment mostly to the persons who are having the technical
background such as Engineers, Diploma holder, ITI holders etc and occasionally it provides
employment opportunity to the non technical persons. It has efficient HUMAN RESOURCE
DEPARTMENT to maintain and nurture the human relationship with in the organization.
Product portfolio:-
The company offers the following:
Manufacturing Process
PP Woven sacks bags:- The company offers PP woven sacks that are available in a host of
fascinating colors, designs and sizes. These allow sufficient passage of air to the packed items
and can also be laminated for moisture proof packing of different items. These products ensure
the phenomenon of ‘breathing’ space in packed grains.
An Organization study at TULSYAN NEC LTD
For Fertilizers:
Printed with flexo printing as per IS - 9755 – 1985 for packing 50.0 kgs For Cements:
Size – Length 710 mm, Width 480mm with self closing valve, Weight 70-75 gms per bag
Printed with flexo printing for packing 50.0 kgs as per IS - 11652 –1986
For Sugar:
For Fabrics:
PP / HDPE woven circular fabrics are available in rolls of different colors / shades, width
and other specifications as per the clients’ requirements.
They are put to direct uses or for conversion to Bags and Sacks at customers' end.
The process of manufacturing PP woven bags involves mixing raw materials starting with PP or
HDPE pellets and other additives, extruding the raw materials into a yarn, weaving the yarn into
a fabric in a process similar to the weaving of textiles, laminating the fabric, cutting the fabric
into appropriate sizes for the bags, sewing the bags, printing onto the bags and finally packaging
the bags.
An Organization study at TULSYAN NEC LTD
Tape Extrusion:
The raw material consisting of Raffia grade polypropylene and suitable master batch is fed
through a plastic extruder fitted with a `T’ die. The extruded sheet is cooled and slit into small
width continuous tapes, which pass over a hot air oven during which the orientation of tapes take
place. These tapes are stretched and annealed, to achieve the required denier rating.
Fabric Weaving:
These tapes are wound on cheese winders which are used on circular weaving looms to produce
continuous Circular fabric of the required lay flat width. The fabric produced is wound into
rolls.
a) Sacks Production:
The Woven fabric in roll form is unwounded and cut into required length units. One end of
fabric unit is folded at one of its corners such that after stitching a spout opening is formed. The
other side of the fabric unit is fully stitched to get a woven sack. These sacks are tested for
strength and dimensional requirements as per the buyer’s specification. The approved sacks are
printed as per buyer’s requirement. Then the sacks are piled, compressed in a baling press, baled
and dispatched.
b) Waste Recycling:
The waste generated during the entire production process is converted into reusable chips using
an agglomerated.
A Flexible Intermediate Bulk Container, FIBC , big bag, bulk bag, or Super Sack®[1] is a
standardized container in large dimensions for storing and transporting dry, flowable products,
An Organization study at TULSYAN NEC LTD
FIBCs are most often made of thick woven polyethylene or polypropylene, either coated or
uncoated, and normally measure around 110 cm or 45-48 inches in diameter and varies in height
2000 lbs, but the larger units can store even more. The average bulk bag made to ship one metric
ton can weigh between 5-7 lbs.
Transporting and loading is done on either pallets or by lifting it from the loops. Bags are made
with either one, two or four lifting loops. The single loop bag is suitable for one man operation as
there is no need for a second man to put the loops on the loader hook. Emptying is made easy by
a special opening in the bottom such as a discharge spout, of which there are several options, or
History
Although there is disagreement on exactly where FIBCs were first made and used, it is certain
that they have been employed for a variety of packaging purposes since the 1940s.
These forerunners of the FIBC as we know it today were manufactured from PVC rubber and
generally utilised within the rubber industry for the transportation of carbon black to be used
as a reinforcing agent in a variety of rubber products. One of the first known importers of the
PVC containers into the United States is Robert Williamson, founder and CEO of B.A.G. Corp.,
in 1969.
These first PVC bags were imported from Japan as an efficient way to solve the loading and
handling problem faced by crop dusters.
By the 1960s, with the development of polypropylene combined with advances in weaving, the
bulk bags as we know them today came into being and were rapidly adopted by a wide variety
of oil and chemical companies to store and transport powdered and granular products.
It was during the oil crisis of the mid 1970s that the FIBC really came into its own for
transporting huge quantities of cement to the Middle East from across Europe for the rapid
expansion of the oil producing countries.
At its zenith, upwards of 50,000 metric tons of cement was being shipped out on a weekly basis
to feed the vast building programme. The Flexible Intermediate Bulk Container Association
(FIBCA) was formed in 1983 by the companies that were manufacturing bulk bags at that time.
An Organization study at TULSYAN NEC LTD
The modern FIBC transports a growing figure of over ¼ billion tonnes of product each year and
is used to handle, store and move products as varied as cereals to powdered chemicals and flour
to animal feeds. With a capacity of up to 3m³ and load capability ranging from ½ a tonne
to two tonnes FIBCs are highly cost effective, easily recyclable and ideal for virtually any free-
flowing granule, powder, pellet or flake. FIBCs are also being developed to hold and filter fluid
products.
Process
a)Tape Extrusion: The tapes are produced by extrusion of polypropylene with master batch
using a `T’ die. Orientation, stretching and annealing of the tapes are done to obtain the required
denier rating. As the tapes are wider and thicker, in order to facilitate weaving, the tapes are
folded into three layers use a tape folding equipment or slit into fine fibers using a fibrillate to
obtain compact fibrillated tape, which are wound on cheese winders.
b)Fabric weaving:
Using an eight shuttle circular loom, the folded or fibrillated tapes are woven into a circular
woven fabric of required lay flat width, which are wound into rolls.
c) FIBC production:
The circular woven fabric is cut into required length. The top and bottom covers are also woven
fabric which is slit opened to give open width fabric. The inlet and outlet spouts are small
tubular woven fabric. The handles are made out of knitted polypropylene fibers.
All these elements are cut into the required size as per the design of FIBC and are stitched
together, to obtain the circular woven fabric it is cut into required length. The top and bottom
covers are also woven fabric which is slit opened to give open width fabric. The inlet and outlet
spouts are small tubular woven fabric. The handles are made out of knitted polypropylene fibers.
All these elements are cut into the required size as per the design of FIBC and are stitched
together, to obtain the FIBC of required capacity and Safety factor. An inner layer of HDPE
blown film is also employed to avoid seepage. The single use FIBCs employ less denier tapes
than the multi-use FIBCs of corresponding capacity.
An Organization study at TULSYAN NEC LTD
d) FIBC Testing:
Printing & Packing: The quality approved FIBCs are printed as per customer’s requirement and
baled using a baling press.
Classification of FIBC
Construction
Lifting options
Electrostatic properties
Industries served
Flood barriers use
Construction:-
U-Panel construction
Circular/Tubular construction
Baffle construction
Four side panel construction
Round construction
Lifting options:-
Cross corner lifting loops
Corner lifting loops
Four loops
Two loops
Sling loops
Full loops
An Organization study at TULSYAN NEC LTD
Electrostatic properties:-
Type - D - Anti-static FIBCs, essentially refers to those bags which have anti-static or
static dissipative properties without the requirement of grounding
Industries served:-
Chemicals
Fertilizers
Fiberglass
Food Products
Grains
Mining (Used to hold shotcrete)
Pharmaceuticals
Pigments
Plastics
Refractories
Rubber Additives
Seed
Polypropylene Products
The company has engaged in manufacturing, exporting and supplying polythene and bags.
These are manufactured using fine quality raw material obtained from trusted and reputed
vendors across the nation. All the products that company manufactures are in accordance with
industrial standards and strictly follow the defined parameters.
An Organization study at TULSYAN NEC LTD
Jumbo bags:
Polypropylene Asbestos
Bags
Polypropylene Container
Liners
The company put forward high quality polypropylene container
liners. These are made using high grade material such as
polyethylene or polypropylene. These dry bulk container liners
are also known as shipping, sea bulk or sea land container liners
and are stitched using coated or non-coated fabric. Known for
economical value than the conventional blown film liners,
these are supplied in bulk to cater to the requirements of our
clients spread across the globe and within the stipulated time
frame.
Polyethylene Liners
demand in the market and company offers these at cost-efficient prices. Clients can avail these
within stipulated time frame.
Moisture Proof :
Light Weight :
HDPE / PP Bags being light weight, offers easy and cheap transportation.
Printing :
Stack ability :
Strength :
Economical :
Seepage :
Extrusion
Sheet Die
Sitting Unit
Stretching Unit
Annealing Unit
Cheese Winders
An Organization study at TULSYAN NEC LTD
Weaving on Looms
Fabric Rolls
Bailing Bailing
Dispatch Dispatch
The most important aspect in any organization is flow of materials from outside the organization
to fulfill the requirements of the each department. This activity is taken care by the PURCHASE
DEPARTMENT.
Purchase department plays an important in the organization effectiveness and its productivity.
Purchase department has to make timely order of the raw material for the uninterrupted
production process, and the spare parts for the machines which helps in orderly replacement of
spares with the production moving.
Domestic purchase
Imports
Trading of Raw Material
Dispatches to factories
Storage at godown
Excise obligation
An Organization study at TULSYAN NEC LTD
IN TULSYAN NEC LTD the purchase department may be split into two divisions:
Purchase of the spare parts is maintained by the Bangalore branch itself. Here requirement of all
the machines spares and parts are looked by this department. Each production department head
will place orders that they require, Sometimes the department will assess the required spares and
parts and place order in time or refill of the spare parts stock. Head of purchase department,
based on the past records will identify the requirement. The stock of spares and parts are
maintained in the average stock level.
They will send an indent to the supplier of the spare parts including specification of the spare
parts. Supply will be received approximately after certain days.
LOCAL - 8 TO 10 DAYS
OUTSIDE - 15 TO 20 DAYS
This process chart gives you a clear picture how ordered spare parts will be received in the
organization.
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Manager (RM)
Responsibilities
Authorities:
Receipt of stores.
Proper storage & handling of materials.
Preservation and safety of material.
Issue of raw material as per the instructions from(RM).
Ensure proper loading.
The company believe that quality is essential to the success of any business therefore company
has adopted good quality practices and try to instill these practices into the organization's culture
and our product range. With the strict quality measures, the company has mastered the art of
producing flawless products and are constantly incorporating innovations. Aspiring for the total
customer satisfaction, company lay stress on efficiency, quality and commitment. The main
objective is to manufacture and supply the best quality product to the world with latest and
advanced technology. Company has commit to provide material quickly, flexibly and with
service tailored directly to the needs.
Finish
Durability
Resistance to water
Strength
Quality is desired attributes and characteristics in material, semi finished products and finished
item it is a relative term and can be expressed based on end usage.
In simple words quality is doing the right things at first time and every time.
Quality is:
Degree of performance
Degree of preference.
Degree of excellence
Promises made to the customers
Quality of design
An Organization study at TULSYAN NEC LTD
i. Performance
ii. Features
iii. Reliability
iv. Conformance
v. Durability
vi. Serviceability
vii. Aesthetics
viii. Perceived quality
QUALITY POLICIES
We shall make value additions to our customers by providing world class products.
Meet to the full satisfaction of customers.
Quality by enhancing productivity and efficiency.
Being internationally competitive.
Achieve quality products with total support from all their employees.
Checking continuous improvement.
To listen openly to its customers.
To design the products they want first.
Produce the products cheaply not compromising with quality.
To offer excellence to your customer.
To listen to empower and motivate your employees
In TULSYAN NEC LTD each department head or supervisor especially in extrusion and
weaving section, checks the tape quality, fabric strength which is needed to meet the demands
and requirements of the customers.
An Organization study at TULSYAN NEC LTD
They use a special machine to check the strength of the fabric after the weaving of sample, then
if any defects are found it will be informed to the departmental head or the concerned person in
charge.
Currently the company is looking towards covering their quality under various international
market standards namely Srilanka, UK and middle east countries .The company is also getting
the rebars certificate from CRM Beligum. The company has a Microsoft ERP solution which
will further add quality system.
INTRODUCTION
Finance is regarded as the lifeblood of the business enterprise. Financial management is very
important to any organization. Lack of this paralyses the activities of the firm. Hence, it is
essential to have a sound financial system organized in an organization or enterprise. Every
organization needs money and the management of it is very important in any financial system of
an organization. Tulsyan has very sound financial department and well trained and experienced
employees to carry out the financial activities.According to the Consolidated - Audited financial
statement for the Year 2011, total net
operating revenues increased 46.28%, from INR 608.32 tens of millions to INR 889.88 tens of
millions.
Operating result decreased from INR 53.9 tens of millions to INR 53.58 tens of millions which
means -0.59% change. The net income of the period increased 6.89% reaching INR 11.02 tens of
millions at the end of the period against INR 10.31 tens of millions last year.
Return on equity (Net income/Total equity) went from 16.01% to 15.25%, the Return On Asset
(Net income / Total Asset) went from 3.16% to 2.88% and the Net Profit Margin (Net
Income/Net Sales)
went from 1.69% to 1.24% when compared to the same period last year.
The Debt to Equity Ratio (Total Liabilities/Equity) was 529.15% compared to 507.13% the
previous year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.43 to
Objectives:-
Functions:-
To manage cash.
To manage bills.
To manage transportation bills.
To manage pay bills.
To manage accounts.
I would deal with some of the predominant ratios more relatively applicable in working capital
management.
Current ratio
This ratio establishes the relationship between current assets and current liabilities. the purpose
of this ratio is to find out the extent of current assets available against each rupee of current
liability of the firm
Current assets include cash, marketable securities, debtors, inventories, prepaid expenses etc.
Current liabilities includes creditors, bills payable, accrued expenses, short term bank loan,
income tax liability and long term debt etc.
Interpretation: From the year 2009-10 the Current ratio has decreased but in the year 2010-11
the Current ratio has increased.
Quick ratio
This ratio is called as acid test ratio or Quick ratio. It establishes the relationships between liquid
assets are those which can be converted into cash without any loss or delay. all current assets,
excepting stock and prepared expenses, are considered to be liquid assets. Liquid liabilities are
those liabilities which are payable immediately. all current liabilities, excepting Bank overdraft,
are considered to be liquid liabilities.
An Organization study at TULSYAN NEC LTD
Interpretation: From the year 2009-2010the quick ratio has decreased but in the year 2010-
2011the quick ratio has increased
together with the Audited Balance Sheet, Profit & Loss Account and Cash Flow Statement for
the year ended 31st March, 2011. FINANCIAL RESULTS Rupees in Lakhs 2010-2011 2009-
2010 Profit before Depreciation and tax 2365.39 2258.48 Less: Depreciation 857.88 813.33
Profit for the year before exceptional items 1507.51 1445.15 Less: Exceptional Items 126.96
85.73 Profit for the year 1380.55 1359.42 Less: Provision for Current Tax 290.00 360.00
Deferred Tax 156.22 150.17 Add: Surplus brought forward 3334.84 2698.85 Amount available
for appropriation 4269.17 3548.10 Appropriations: Interim dividend 50.00 – Corporate Tax on
Interim Dividend 8.50 – Dividend 50.00 100.00 Corporate Tax on dividend 5.31 11.26 General
Reserve 105.00 102.00 Balance carried forward 4050.16 3334.84 OPERATIONS AND
OUTLOOK During the year under review, Sales and other receipts grew 32.93% YOY to Rs
and PAT grew by 10.02% YOY to 934.33 Lakhs. Your directors expect a
As in the last year during the current year also there were drastic
power cuts consequently effecting our costs and also the production.
Due to these power cuts we could not utilize our capacities in full
production from June 2012. During the current year your company
furnaces of 4 numbers of 20T each for billet manufacturing with annual installed capacity of
274000 MTPA this will be set up at the new site where the captive power plant of 35MW is
under implementation. The company is setting up a Wire Rod and Bundling machine with a coal
gasifier at the existing rolling mill division in Gummudipoondi. DIVIDEND Your Company
paid interim dividend of 10% during January 2011. Your directors are now pleased to
recommend a final dividend of 10% on the paid up capital of Rs. 5 Crore. This together with the
interim dividend aggregated to a record total dividend of 20% for the financial year ended 31st
AUDITORS
The Auditors of the Company M/s. C.A. Patel & Patel, Chartered
An Organization study at TULSYAN NEC LTD
re-appointment.
Contigent liabilities:- All liabilities have been provided for in the accounts except
Cash &cash equivalents:- Cash and cash equivalents in the cash flow statement comprise cash at
Foreign exchange transaction:- All foreign currency transactions are recorded at the average
exchange
foreign currency monetary items are reported using the period end
rates.
Segment reporting:-
Tax & income:- Tax expenses for a year comprises of current tax and deferred tax.
Current tax has measured at the amount expected to be paid to the tax
and exemptions admissible under the provisions of the Income Tax Act,
1961.
between taxable income and accounting income for the year and reversal
on the tax rates and the tax laws enacted or substantively enacted at
Lease payments and receipts:- Lease payments have been made towards land at Chennai and
amortised on
under the loan and are guaranteed by the Managing Director and two
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Marketing is a process of persuasive action which makes the buyers to buy the products and
services at given price is called marketing.
MARKETING MIX
Product
Promotion
An Organization study at TULSYAN NEC LTD
Pricing
Place
Promotion
Promotion activity of the products produced by the TULSYAN NEC LTD is totally taken care
by head office of the company which is situated at Vasanthnagar, Bangalore.
Pricing
Pricing is relying on the quality and quality ordered by the customers. When customer places
bulk orders for the products and services, company will quote the low price for the orders or
vice-versa. All the pricing quotation is fixed by the head office of TULSYAN NEC LTD. Only
manufacturing process will be done in the plant. The head office will receive the cost of each
order placed by the customers. It will then check the cost of the orders and then fix the price for
the orders
Place
Place refers to the space of finding the targeted customers of the produced goods and services.
Mainly company will browse the customers via internet or through the directories, which
contains information about the customers.
MARKETING PROCESS
CUSTOMERS
FIX QUOATATIONS
PRICING QUOTATIONS
An Organization study at TULSYAN NEC LTD
CUSTOMERS PROFILE
There are nearly 51 overseas customers and few domestic customers. some of the major
customers are as follows:-
Domestic customers
ACC CEMENT
RASHI GOLD
COROMANDEL
AMBUJA CEMENT
BIRLA SUPER
L & T CEMENT
ULTRATECH CEMENT
VEDANTA (Lanjigarh)
INDIAN OIL
ENCORE
Overseas customers
SHAH& Co
TRACO CABLE COMPANY LIMITED KEJRIWAL ELECTRONICS LIMITED
An Organization study at TULSYAN NEC LTD
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Introduction:
Human resource is very important for the success of any organization. Human resource
management is the wealth of an organization, which can help in achieving its goals. Human
resource management is concerned with the human being in an organization. It reflects a new out
look, which views organization manpower as its resource and assets.
Human resource management is that process of management which develops and manages the
human elements of enterprise. It is not only the management of skills but also the attitudes and
aspiration of people. When individuals come to work place, they come with not only technical
skills, knowledge, experience, but also with personal feelings, desires, motives, attitudes, values
etc.., So Human resource management means management of various aspects of Human
resource.
HRM is a management function that helps a manager to recruit, select, train and develop
members for an organization. It is mainly concerned with the people dimension in organization.
An Organization study at TULSYAN NEC LTD
Tulsyan company has nearly 1640 employees (including contract labours) as compared to
previous year and the industrial relations remained cordial during the year. To meet the ongoing
challenges in the market place employees are trained continuously to upgrade both their
knowledge and skills.
CLASSIFICATION OF EMPLOYEES
Permanent employees
Casual employees
Apprentice
Recruitment of candidates.
Selection of best suited and right persons.
Training and development of employees.
Framing of rules.
Creating a good working environment.
Motivating the employees to work up to their potentials.
Maximizing the performance of employees.
Maintenance of records.
Maintenance of industrial relations.
Employee service and benefits
MAINTENANCE OF SERVICE REGISTER\ PERSONAL FILES
Tulsyan maintains a service register of each employee maintaining all the service records and the
below mentioned facts according to the HRD wing of the respective organization.
History of services.
Pay scale/ increment /advances.
Particulars of leave availed including leave encashment / maternity leave.
Particulars of record of rewards, praise, punishment or censure including suspensions
Place of position.
Name / age of family members for provide medical benefits.
Permanent residence address and present postal address.
Details of training program undergone.
.
Earned leave.
Casual leave.
Maternity leave.
Commuted or half day leave.
1. MANPOWER PLANNING
As an annual exercise, human resource department reviews the existing manpower plan for the
year from the entire department. On discussion and consultation with managing director, the
same shall be approved with changes if any.
The selected candidates will go through process of induction into the company’s system and
procedures. The induction and placement is given to the selected candidates by departmental
heads,
The wages and salary as prescribed by the company’s rule will be disposed as follows.
The performance of the entire trainee will be evaluated once in three months.
All other employee’s performance will be reviewed once in a year. On being found that their
performance and potential to perform is up to the expectation of the, management, employees
will be rewarded with normal increment, merit increment, lump sum payment and promotion.
Those employees whose performance is below the management expectation will be given
consulting in. In spite of such counseling, if the employees continue to perform below
expectation his awards or rewards will be differed, postponed withheld depending on the degree
of his poor performance.
An Organization study at TULSYAN NEC LTD
The company has conducted so many cultural programs, debate competition, issuing
questionnaire to the employees about the company’s working environment.
It follows strict supervision on the workers absenteeism as well as find out the reasons for the
same and also tries to solve the problems of absenteeism. The company has maintained the
absence rate of the workers very effectively by discovering optimum solution for the
absenteeism and has decreased the rate of absence from 5% to 3%.
TULSYAN Company is labor oriented and having a training and development programs at
minimum level. The company has only few employees at plant who are having technical skills,
and maximum number of labors having less or no technical background.
EMPLOYEE WELFARE
1. Uniform: All the staff and labor members are provided with proper uniforms and shoes.
The workmen are provided with two pairs of shirt and pants, two pairs of socks and a pair
of leather shoes. The purpose behind this is to maintain discipline and remove the
disparity with in the group of workers.
An Organization study at TULSYAN NEC LTD
2. Canteen : In order to enable all its employees to have subsidiary food, management of
TULSYAN NEC LTD has provided a canteen facility which well furnished and provides
food by giving coupons to the workmen at RS 85 per week. There are separate canteens
for male and female workmen.
3. Soft drinks: The employees at staff level are allowed to enjoy soft drinks at wholesale
price which is deducted from their salaries.
4. Tea / coffee: The workmen and staff members are having the facility of getting tea and
coffee at subsidized rate, served twice a day to all its employees of the organization.
5. Loans to employees : All confirmed employees who have five years of completed
service, will be given loan which is repayable in equal installments. Workmen also have
the facility to procure the loan from company through Syndicate bank where company
has most of the transactions.
6. Salary advance: Employees on emergency are given salary advance which is fully
deducted in the next month salary. It boosts the employee moral and builds the loyalty
with the company.
8. Provident fund : As usual in all the companies provident fund in given to the employees
by contributing half by the employer remaining is deducted from the salary or wages of
the workmen and staff members of the company.
An Organization study at TULSYAN NEC LTD
9. ESI Benefits: The company provides employee state insurance to the all the employees
who worked more than 31 days in previous year.
10. Parking avenues: The company has provided well roofed parking slots to the
employees and workmen vehicles who usually come by bicycles and scooters.
CHAPTER:4
An Organization study at TULSYAN NEC LTD
Strength
The company has very good quality of fabric as well as quality control system.
Continual improvement of their product by incorporating latest state of art
technology that is printing and lamination departments.
Strict compliance of quality ,timely delivery and quality management services.
The company is providing better packaging solution to requirements of customers
by quoting the pricing reasonably.
Weakness
The company has poor advertising strategies to increase their sales.
The company is not ready to acquire bulk orders because of lack of investment.
The utmost weakness of this company is lack of marketing, they believe that they
are retaining most of their customers.
Attrition rate is more.
Opportunities
New business alliance with clients abroad.
It has the potential to diversify in to various related business like sugar bags,
cement bags etc.
The company easily combat with their domestic competitors because of their
quality assurance and quality service.
Flexibility in usage of product makes the company more attractive.
Threats
The entry of multi-national automation companies will have a greater impact on
the growth of the company.
Frequent power failure in the work place.
Changes in government policies
An Organization study at TULSYAN NEC LTD
CHAPTER:5
An Organization study at TULSYAN NEC LTD
In Tulsyan nec ltd Finance and Marketing decisions are taken by the head office located
@Bangalore.
It has been providing employment opportunity not only for technical people and also also for
non-technical people with minimum education qualification.
It is providing good quality products and services to the society as well as to customers.
It has well equipped plant to meet variation in the demand for instance TULSYAN NEC
LTD has VI extruders to make the raw materials conversion.
It has well supported co-ordinate employees to meet objectives and goals of the company
also maintain industrial peace.
It was founded that there are more number of unskilled labourers in the company.
Training programmes for every new joiner is given. Online training (it is regularly given
when there is change in orders, complaints and so on.)
Skilled employees are sent outside the organization for seminars.
Training is given to employees as per the international quality standard.
The company having good relationship with vendors of raw material and clients
The companies products are TMT bars ,sponge billets and ingots in the steel division and
in synthetic division it is PP woven sacks, FIBC and woven fabrics. TMT bars are used in
the construction sector and the plastic products cater to the packaging industries such as
cement, fertilizers, food grains, sugar bag etc.
PP granules is used for manufacturing of plastic packaging products. This raw material is
available in abundance within the country and can be freely imported. Being in the
commodity market the company is continuously making efforts for reducing the cost of
production to sustain its margins.
Quality:-
The company continues to strive to be an quality manufacturer in both steel and plastic
division. Both the divisions are covered under ISO certificate from government agencies
for their products.
Currently the company is looking towards covering their quality under various
international market standards namely Srilanka, UK, and middle east. The company is
getting rebars certificate from CMR Beligum. The company has Microsoft ERP solution
which will further add quality system.
Risks &Concern:-
Both the economy and industry are on growth trajectory increasing prices and availability
of key input and raw material , delay in infrastructure development , availability of
skilled manpower vitality in the global economy are the some of the major risks&
concern. All these have an impact on operations of the company. The company is
conscious of the risk involved and has put in place a mechanism for minimizing and
mitigation.
The company has proper and adequate system of internal controls commensurate with its
size and nature of operations to provide reasonable assurance that’s all the assets are
safeguarded , transactions are authorized , recorded properly and applicable statutes the
code of conduct and corporate policies are duly complied with.
Future Outlook:-
With various infrastructure facilities coming both in private & public sectors including
nuclear power and water across the country. The management has huge demand for its
products especially steel .The main raw material for the companies steel making is
scrap/sponge iron and power.
An Organization study at TULSYAN NEC LTD
Chapter6
An Organization study at TULSYAN NEC LTD
CONCLUSIONS:
My stay at TULSYAN NEC LTD was indeed very beneficial to me as it was more of learning
than just working. I got very good co-operation from all the employees at TULSYAN NEC LTD
Company during my organizational study.
The project study was successful in identifying the process and sub process existing in the
organization under study with reference to their inter functional implication and dependencies.
The project study has also brought into light the working methodology of some key functions of
finance, marketing, HRM. The organizational completeness is visible through the study. This
study as ascertained that the organization is functioning successfully because of micro and macro
level of management principles in practice. This study is also successful growing at with various
management techniques that are visible in the organization under study by which new principles
can be derived for continuous improvements, survival and growth to achieve the desired level of
excellence in the competitive scenario of industrial management.
The high performance of Tulsyan NEC Limited is the effort of the management and the worker
in the organization for its high growth and increased sales and with effective operations
management.
Every organization makes sure that its employees are satisfied and are happy working in the
organization. Every working person expects some benefits from its organization apart from the
basic salary paid to him for his work. An employee tends to be more satisfied from the additional
benefits that he obtains from the organization. Tulsyan NEC Limited is one of those
organizations who provides excellent benefits to its employees and makes sure that its employees
are satisfied and contended working in the organization.
An Organization study at TULSYAN NEC LTD
CHAPTER:7
Balance Sheet
'11
12
mt 12 mths 12 mths
hs
5.0
Total Share Capital 5.00 5.00
0
5.0
Equity Share Capital 5.00 5.00
0
0.0
Share Application Money 0.00 0.00
0
0.0
Preference Share Capital 0.00 0.00
0
65.
Reserves 57.16 49.78
50
0.0
Revaluation Reserves 0.17 0.20
0
70.
Networth 62.33 54.98
50
24
Secured Loans 3.1 203.08 162.24
5
24.
Unsecured Loans 20.70 12.98
60
26
Total Debt 7.7 223.78 175.22
5
33
Total Liabilities 8.2 286.11 230.20
5
Ma
r
'11 Mar '10 Mar '09
12 12 mths 12 mths
mt
hs
16
Gross Block 3.2 156.74 140.33
1
57.
Less: Accum. Depreciation 49.79 42.17
87
10
Net Block 5.3 106.95 98.16
4
An Organization study at TULSYAN NEC LTD
41.
Capital Work in Progress 0.15 4.83
14
8.7
Investments 7.74 1.12
9
12
Inventories 6.9 97.47 64.36
4
13
Sundry Debtors 5.4 136.87 78.64
7
20.
Cash and Bank Balance 0.39 0.33
60
28
Total Current Assets 3.0 234.73 143.33
1
90.
Loans and Advances 63.22 75.56
39
0.0
Fixed Deposits 18.34 13.74
0
37
Total CA, Loans & Advances 3.4 316.29 232.63
0
0.0
Deffered Credit 0.00 0.00
0
16
Current Liabilities 9.2 125.77 91.00
4
18
Net Current Assets 2.5 171.26 126.09
6
33
Total Assets 8.2 286.10 230.20
5
Chapter8
An Organization study at TULSYAN NEC LTD
BIBLIOGRAPHY