TULSYAN NEC LIMITED

EXECUTIVE SUMMARY
The object of this Internship training is to highlight real life situation under the
domain of business. The scope of the training covers the various aspects of an
organization like how they work, authority, responsibility, distribution, organizational
structure, functioning of various departments and policies of the company and study
the Indian market.
The main objective of undergoing this training is to get the practical exposure of the
functional departments of the organization. Such as Production Department, Human
Resource Department, Finance Department, Marketing Department etc., and to know
how the theoretical knowledge is practically applied in different departments of the
organization.
Other objectives are to know how the company carries out the day to day work and to
know the rules and regulations that the company has adopted, study comprises of
brief information about the company as a whole.
This representation as been prepared with the following objective:

To get an idea of the working of various functional departments

To analyze the performance of the company

To understand the aspects of delegation of authority, responsibility

coordination, team work.

To gain all round view of business operation.

The project work is carried out at Tulsyan NEC Limited. This Manufacturing industry
has very strong competitions; As such it has not been able to lead the market. .There
is large number of factors which has contributed to the same. Therefore it has become
imperative to analyses market situation. Every aspect of the industry was studied
clearly and finally analyzed and thus leading to very useful insights.
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The methodology adapted for the study was observation and direct interview. Various
departments were visited and data was collected about the structure and functioning
of each department and the organization.
Company need to gear up its efforts and resources, to stand at the top level in
the global competition. The company has to throw light on distribution, pricing and
tackling competition. Thus its an instrument which helps the unit to understand its
strength and weakness and thus work on it to intensify its position in the market.
Based on the information collected SWOT analysis was prepared.

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CHAPTER NO.1
1.1 INTRODUCTION
Organization is an essential part of human life, it is natural that everyone wants to
know what an organization is, how it is designed and what role does it play in
management.

1.2 ORGANISATION CONCEPTS

Organization refers to the network of relationships among individuals and positions in
an organization. It is skeleton frame work of an enterprise. Organizational structure is
the structural framework with in the working unit with in which the efforts of
different people are coordinated and related to each other.
Organization refers to one of the important functions of Management. It is the process
of determining, arranging, grouping and assigning the activities to be performed for
the attainment of the organization objectives.

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CHAPTER NO.2
INDUSTRY PROFILE
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.

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2.1 DISCRIPTION

Polypropylene is lightweight thermoplastic polymer that provides raw material for

manufacturing various textiles, containers, equipments, and components and is used
in various industrial applications also. In other words, it is a kind of thermoplastic
resin that is hard and tough and also can be converted into fibers and moulded
articles. 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 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.

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The major uses in which polypropylene is required are flexible packaging, rigid
packaging, automotive parts, consumer products, fiber products and other industrial
applications.
Polypropylene is produced by polymerizing propylene gas or propylene monomers in
the presence of a catalyst. In the year 2004, United States of America is the largest
producer of the polymer with a total production of around 8.4 million metric tons.
The major companies indulged in the production include Exxon Mobil and Shell.
Consumption of polypropylene is dominated by Asian continent with a share of
around 40% in the total consumption figures of around 32.9 billions tons. Country
wise, United States of America stands at top in the list of major polypropylene
consumer countries. The following is the list relating to the major plastic consuming
countries of the world

United States of America

Germany

Japan

Singapore

Canada

Malaysia

Thailand

Indonesia

Vietnam

China

India

Pakistan

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
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Korea is one of the dominant players in the world market. The other exporters include
USA and the countries in the western European region.

2.2 HISTORY
Polypropylene is a polymer of the modern world. It was discovered as late as in 1954
by Professor Giulio Natta. Till this time polyethylene was already discovered and the
catalysts that were used in the polyethylene industry were used by the professor to the
propylene gas to produce polypropylene. The commercial production of
polypropylene initiated in the year 1957 as it can also be produced at room
temperature and low pressure. For his work, Natta along with Karl Ziegler, the
discoverer of the catalysts, got the Nobel Prize in the year 1963. With its production,
it was readily accepted by various industries as it is economical and possesses
exclusive physical properties.
With time and the introduction of new technologies of production, improvements
were done relating to the types of catalysts used and controlling the structure of the
product. The world production of the polymer crossed the 14 million tons mark.
Polypropylene is a versatile polymer as it can be used in a vast number of
applications and today the polymer has become non substitutable.

2.3 Polypropylene producing companies

The world production operation of polypropylene is undertaken by some of the
biggest energy companies of the world. Due to the enormous and ever increasing
demand of the polymer, high production standards are maintained throughout the
world to keep up with the demand. The major international polypropylene
manufacturing companies are listed below

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Exxon Mobil

Honam Petrochemicals

Hyundai Petrochemicals

Shell

Samsung

Dow Chemicals

United States of America is the largest producer of polypropylene with the production
figures of around 8.4 million metric tons pertaining to the year 2004. Japan and South
Korea are the other two major producers of polypropylene lying in the Asian
continent having production figures of 2908000 metric tons and 2930000 metric tons
respectively. In the European continent, Germany, France and United Kingdom sum
up to produce a mere 3.96 million tons, though the production trend is up. Taiwan is
an important Asian producer indulging in propylene production up to an extent of
around 1 million tons

2.4 Production of polypropylene in India

India is not among the dominant producers of polypropylene in the world but is an
upcoming player. The country is able to produce around 4500 thousand metric tons of
plastic products annually from which around 3150 thousand metric tons is shared by
polyethylene and polypropylene. In India too, like in the world scenario, the
production operation is held by various private and public sector companies. Reliance
is the most dominant player of all the other companies operating in the country. The
major Indian companies indulged in the production of the polymer are

Reliance

Haldia Petrochemicals
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Gas Authority of India Limited

GE Plastics India

IPCL

NOCIL

Karnataka Petrosynthese Limited

Supreme Industries

The Indian petrochemical industry is on a rise and a lot more integrated with new and
more developed technology coming up in the country. The industry registered a
growth rate of around 9.5% since the year 1999-2000. As a result, the dependency on
imports to satisfy domestic consumption demand has reduced gradually over the
years. Also, new uses of polypropylene are being discovered and to satisfy the
increasing demand, more of the current capacity of production is being utilized.

2.5 Market Influencing Factors

Fluctuations in the crude oil and natural gas prices
Economic growth of the major polypropylene consuming countries like USA and
China
Domestic industrial growth and development
Demand for consumption in the international market
Government policies and regulation

2.6 Major trading centers of polypropylene

Polypropylene is traded in the Indian commodity exchange namely Multi
Commodity Exchange of India.

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2.7 General Characteristics

Plastics are known for lightweight, antirust & good insulation properties.

Role of plastics multiplied with rapid industrial development across the globe.

Plastics manufacturing process starts with refined fractions of oil (naphtha)

and or natural gas (ethane) that are "cracked" to manufacture monomers.

Plastics are organic high polymers consisting of large chain like molecules
containing carbon.

2.8 Indian Scenario

The country has an estimated production capacity of 4500 thousand metric

tons annually. Of this, 60-70% accounts for the production of polyethylene
(PE) and polypropylene (PP).

India with 4 Kg per capita consumption per year ranks eighth in the world
against world average of 20 Kgs & developed nations above 100 Kgs.

The industry demand is expected to touch 12.4 million tons by 2010-11,

becoming third largest consumer after US and China.

The polymer industry is growing at about 12-15% annually.

Over the last few years, the Indian Petrochemicals industry has witnessed
consolidation phase. The top players - Reliance, IPCL, Haldia Petrochemicals
(HPL) and GAIL - hold the majority of the polymer capacity in the domestic
market.

Buyers in the industry have very little bargaining power against the suppliers.

Buyers are all highly vulnerable to raw material prices, which are highly
influenced by international demand and supply conditions.

2.9 Major uses of polymer products

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TABLE NO.1
Plastic Type

Uses

LDPE/LLDPE

Consumer packaging/film, extrusion wires, cable coatings,

HDPE

etc.
Fertilizers, household packaging, woven sacks, cartons,

crates, luggage, pipes, etc.

Polypropylene (PP)
Cement packaging, monofilament yarn, ropes, etc.
PVC
Water pipe, electrical wires, cables, sheets, etc.
Polybutadeine
RubberAutomotive tyres and tubes, conveyor belts and footwear
(PBR)

2.10 Domestic Manufacturers

GAIL.

GE Plastics India.

Haldia Petrochemicals.

IPCL.

Karnataka Petrosynthese Limited.

NOCIL.

Reliance.

Supreme Industries.

2.11 International Manufacturers

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Exxon Mobil.

Honam Petrochemicals.

Hyndai Petrochemicals.

Samsung.

Shell.

Dow Chemicals.

2.12 Factors Affecting Plastic Prices

Changes in crude oil & natural gas prices.

Economic growth of the major consuming countries such as US and China.

Industrial growth and development.

International consumption demand.

Government policy changes.

2.13 Price Volatility

The domestic polymer prices show high variation on a monthly basis. The instability
in domestic prices is principally attributed to wide variation in international prices
and the imported raw material prices. The monthly variation in the prices of polymers
recorded less than 2%, between 2-5% and more than 5% in about 34%, 28% and 38%
times respectively over the past two years.

TABLE NO.2
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POLYMER CONSUMPTION ESTIMATE IN 2007 INDIA
Polymer
In KT
LDPE/EVA
325
LLDPE
750
HDPE
1100
PP
1775
Polyolefins
PVC
PS/EPS
ABS/SAN
Acrylics
PET (Container/film)
325
ETP
PU
Other thermo set
Total

In KT

3950
1480
300
100
10
250
250
205
6790

2008 will start with significant expansion as well as setting up of new petrochemical
and polymer projects in India. Indias largest petrochemical giant will commission a
30 million ton refinery by the end of 2008 along with 1 million tons of PP capacity,
using Dows Unipol technology
GAIL (India) will increase ethylene and Polyethylene capacity. It will embark upon
construction of a new cracker as well as 220,000 ton PE and 60,000 ton PP projects in
Assam that will commence possibly in 2010-2011. The project in Assam called
Brahmputra Gas Cracker will be a joint venture between Gail holding 70% and 3
other partners each holding 10% each (OIL, Numaligarah Refinery and Assam
Government).
India therefore is expected to show at least 10% growth of polymer consumption in
2008. Higher growth of GDP could boost the growth of polymer by another 1%.

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CHAPTER NO.3
COMPANY PROFILE AT GLANCE
TABLE NO.3
Name of the Company
Year of Incorporation
Year of Establishment
Type of Company
Type of Machineries
Production Area

Tulsyan NEC Limited

11TH April 1947
7TH July 1947
Public Limited
Indigenous Machinery
8 acres
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Total Employees

1800

Total No. of units Produced per Day

Turn Over

30tons
532 Crores

Type of production

Continuous production

Manufacturer and Exporter

Hdpe/Pp Woven Fabrics/Sacks, Ldpe/,

Hmhdpe Liner/Fibc

Exported To

Lithuania, Netherlands, Canada, USA,

Factory Address

Switzerland, Israel UK sector

Doddaballapur, Bangalore, Peenya 3
Units, Bangalore

3.1 Registered Office

#61, Sembudoss Street,
Chennai 600 001.

3.2 Corporate Office

Apex Plaza, 1st Floor, Old No.3, New No.77,
Nungambakkam High Road,
Chennai 600 034.

3.3 Admistrative Office

#37, Kaveriapp Layout,
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Miller Tank Bund Road
Vasanth Nagar,
Bangalore 560 052.

3.4 Bankers
Canara Bank
Syndicate Bank
Andhra Bank
State Bank of India
IDBI

3.5 Auditors
C.A.Patel & Patel,
Chennai

3.6 LOCATION
Tulsyan NEC Limited
Web: www.tulsyannec.com
#37, Kaveriappa layout, Miller Tank Bund Road, Vasanthnagar, Bangalore 5600052.
Karnataka State, India. Ph: +91(80) - 22200816, 22254329, 41148957 to 959
Ph: Marketing Division: +91 (80) 41235322 / 41235468 Fax: +91(80) - 22200817.

3.7 Manufacturing Units

Doddaballapur, Bangalore
Peenya, Bangalore
PP Woven Sacks for the Domestic and International market
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Flexible Intermediate Bulk Containers for the Domestic and International
market.

3.8 BOARD
PERSONNEL

OF

DIRECTORS

&

KEY

MANAGEMENT

PROMOTOR DIRECTORS
1)
SHRI.L.K.TULSYAN (Executive chairman)
2)
SHRI.SANJAY TULSYAN (Managing Director)
PROFESSIONAL DIRECTORS
3) SHRI.Soundarajan
4) SHRI.P.T.Rangamani
5) SHRI.A.P.Venkateswaran
6) SHRI.S.RamaKrishnan
7) SHRI Sanjay Agar Walla
8) SHRI.V.Kirubanandan
9) SHRI R.B.Prem Ganesh (Company Secretary)
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CHIEF EXECUTIVES
Mrs. Uma - DGM (F&A)
Shri A.P.Harish - President (Operation)
Mrs.Allka Tulsyan Vice President Administration
Shri K.Chakraborthy - General Manager Marketing
Shri J.M.Manohar - Manager Exports
Shri Murari Lal Sharma - General Manager Raw materials
Shri.V.Padmanaban General Manager Marketing & Exports
Shri.N.Udayraj Deputy. General Manager (F&A)

3.9 INTRODUCTION
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
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world. Primary goal is to meet our clients; requirement and establish mutually
pleasant business relationships with them.
TULSYAN SYNTHETICS LIMITED - is a Bangalore based company promoted in
1984 with an object to manufacture

HDPE & PP Woven Sacks. 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). The
Company presently has 4 units located at (a) Doddaballapur (b) Peenya (c) Malur &
(d) Goa. The present installed capacity of the plant is 21000 Metric Tones per annum
after completing an expansion during the year 2007-08.
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.
They 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 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.

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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.

3.10 BACK GROUND

Tulsyan NEC Limited has come into existence on account of the amalgamation of
Tulsyan Synthetics Limited, (now known as Synthetics/Plastic Division) with
National Engineering Company Limited (now known as Steel division) both the
companies belong to Tulsyan group of Companies who have a turnover of about 350
Crores. The group has interests in Steel Trading, Steel Re-Rolling Mills, Woven
Sacks and Software development (I.T. related services and Ecommerce)
NATIONAL ENGINEERING COMPANY LIMITED (NECL),

originally

established at Calcutta in the year 1947 is engaged in the manufacture of CTD Bars,
MS Rounds and other finished steel products.
In the year 1965 rerolling facilities established at Calcutta were reallocated at Madras.
The Registered Office of the Company was also transferred to Madras in the year
1978. The Company was taken over by the TULSYAN GROUP during 1986. After
the takeover the installed capacity of the rolling division was increased from 7200
TPA in 1985-86 to 84000 TPA in 2005-06. Addition facility to manufacture MS
Ingots to 36000 TPA and MS Billets 72000 TPA was also established. During the year
2007-08 we have set up a hi-tech rolling mill at Gummudipoondi, with a capacity of
150000 MT p.a. with this the present capacity of TMT Bars is 2.34 lakh MT per
annum. Marketing set-up has been strengthened by expanding the dealer network in
Tamil Nadu, Kerala and Karnataka.

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This division entered the exports markets during the year 1993-94 and was awarded
Regional Special Shield for outstanding performance. A modernization-cumexpansion plan was undertaken for the re-rolling division at Ambuttur in 1995. It
entered the Capital Market with its maiden Public Issue at a premium of Rs.10 per
Share in July 1994. The issue was over subscribed by 38 times

3.11 PRESENT SCENARIO

The Indian P.P./H.D.P.E. woven sack industry is relatively a new comer, having its
birth in 1980s as a necessity to meet the packaging requirement of bulk commodities
like food grains, cement, sugar, fertilizer, salt and other commodities. The use of
P.P./H.D.P.E Woven Sacks in packaging of these commodities adheres to the basic
tenets of sustainable development. These sacks are economically affordable, socially
acceptable, environmentally effective and friendly to human health including health
of workers engaged in manufacture of sacks as well workers engaged in manual
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loading/transportation of commodities packed as these sacks comply with I.L.O.
norms of 50kgs. Or less packing.
The P.P. /H.D.P.E. woven sacks undoubtedly are the best packaging option
worldwide for packing food grains and sugar and an all out effort is being made to
educate all policy makers to maximize its usage, by all stakeholders.
The P.P./H.D.P.E. woven sacks manufactured as per relevant the specifications, have
successfully met the Users / Consumers expectations of better strength, easier
handling, light weight, more aesthetic and safer from the point of view of hygiene, in
addition to the foregoing requirements of being environment and human health
friendly. Today, the Indian Raffia Industry is one of the best in the world and is fully
equipped to meet the packaging requirements of the countrys produce of food grains
and sugar (domestic consumption as well as exports) besides other commodities.
India is No. 2 globally in the production of food grains after China and also No. 2 in
the production of sugar, after Brazil. It is the mission of A.I.F.T.M.A. the National
Association of Indias P.P./H.D.P.E Woven Sack Industry, serving the nation since
1971, to make India No.1 in production and export of P.P. /H.D.P.E. products in the
world with the support from the Govt. of India and all stakeholders.
Exports of food grains and sugar from India have largely been in P.P. woven sacks
only. The industry provides substantial employment to lakhs of families. The Life
Cycle Analysis (L.C.A.) of P.P. /H.D.P.E. woven Sacks vis--vis Jute / Paper Sacks in
terms of Environmental Studies by I.I.T. (Delhi) recommends the following measures
for bulk packaging in India consistent with the Environment and Human health
requirements.
The plastics and polymers industry is getting an increasing attention from various
user industries as well as environmentalists. While there is no doubt about the utility
of plastic as the favored material especially in the electrical components, textiles and

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packaging industries, environmentalists are concerned about issues such as
biodegradability and the harmful effects of using plastic material.
The industry now supplies 300 crore bags to the cement sector, 75 crore bags for urea
packing, and in the last season (during the jute mill strike), sugar packaging (some 10
crore bags) was made possible because of supply of PP/HDPE bags by the units.
The manufacturing units in this sector are generally SMEs. Usage of PP/HDPE bags
will generate higher revenue for the government, as jute bags are exempted from
excise duty. Users, he claimed, would save more than Rs 1,800 crore annually by
using the PP/HDPE woven sacks, which were cheaper than jute bags, even after
adding excise and VAT.

3.12

Products:

Hdpe/Pp

Woven

Fabrics/Sacks,

Ldpe/,

Hmhdpe

Liner/Fibc/Tarpaulins;
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
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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.
3.13 TARPAULINE/WIDE WIDTH WOVEN FABRIC
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Wide Width Woven Plastic Fabrics are products using similar machineries and are
finding application in custom designed industrial packaging, carpet under cover,
Geotextiles, etc.,
Products
PP Woven Sacks
Valve Bags
Lined Bags
Coated Bags
Multi Colored Printed Bags

FIBC

Single Loop Bags

Tunnel Loop Bags
Four Loop Bags
Coated/Uncoated Bags
Glued/Loose Liner Bags
Container Liner Bags

3.14 CLIENTS
Palmetto Industries (Italy)
NNZ (Netherlands)
Codifies (Switzerland)
Synthetic Packages (UK)
Tzuri (Israel)
ZKD (Israel)
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KD (Israel)
Can pack (UK)
RNNZ (Netherlands)
Davanagere Sugar Limited (Davanagere)
ACC Limited (South India)
Chetinad Cement Corporation Limited (Chennai)
Mangalore Chemicals and Fertilizers Limited (Mangalore)
Mysore Cements Limited (Mysore)
Vedanta (Gujarat)
Indalco (Belguam)
Encore Cement (Andhra Pradesh) etc.,

3.15 COMPETITORS
Gem properties Pvt Ltd
Build met Pvt Ltd
Big Bag Pvt Ltd
Ranspack Pvt Ltd

3.16 VISION
To be a global leader in Synthetic fabrics and delight the customer by creating
products that offer unmatched superiority.

3.17 MISSION
Our mission is to become a benchmark organization in packaging industry. For this
we are constantly striving to develop our organization, enhance professional skills
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and upgrade infrastructure system so as to be highly successful in the competitive
environment of the new millennium.

3.18 Company Objective

Profit Maximization

Minimization of Waste

70%-80% Employment opportunity

Employee Welfare

Creating social Responsibility

Learning and development

Family focus

Hygienic factors

3.19 AWARDS AND ACHIVEMENTS

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
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AIFTMA Export Award 1997 1998

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

AIFTMA Export Award 1998 1999 -II

Export Promotion Awards 2000 2001

Large /Medium Scale II

ISO Certified In 2002

Rated by Business Barons As One Among The 1 st 500 Most Outstanding

Companies In The Country For The Financial year 2002

3.20 Infrastructure
Woven Sacks manufacturing facility Extruder, Looms, Stitching Machines
Liner manufacturing Extruder and Cutting Machine
Serving Thread or Stitching Yarn Extruder, Twister and Loom
Webbing Extruder and Loom
Having well equipped chemical and physical laboratory to monitor the quality of the
product.
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Besides the sophisticated plant and machinery and the matching in-plant working
environment.

3.21 EXISTING PROJECTS

Manufacturing of 2, 40,000 metric tons of TMT bars per annum.

Manufacturing of 36000 metric tons of Ms Ingots per annum.

Manufacturing of 72000 metric tons of Ms Billets per annum.

Manufacturing of 20541 metric tons of HDPE and PP Woven Sacks per

annum.

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3.22 FUTURE PROJECTS

Increase in TMT capacity by 120000 metric tons per annum.

Increase in Steel Billet Manufacturing capacity by 72000 metric tons per

annum.

Increase in HDPE and PP Manufacturing capacity by 2000 metric tons per

annum.

Setting up Steel Making Factories in Saudi Arabia.

Power generation of 125 Megawatt.

CHAPTER NO.4
ORGANISATION STRUCTURE (CHART NO.1)

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Board of Directors

Executive Chairman

MD

President

V P Marketing

Works
Mngr

Financial
Mngr

V P Dpur

Quality
Analysis

GM Purchases
urses

HR
Mngr

Accounts
Dept

Executives
Domestic
Marketing Mngr

Export
Marketing Mngr

Company Sec.

GM
Works

Quality
Analysis

HR
Mngr

Accounts
Mngr

Works
Mgr

CHAPTER NO.5A
PRODUCTION DEPARTMENT
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The product is of utmost important to any organization with out which and
managerial activity is impossible. So at TULSYAN NEC LIMITED.,
The Production department acts as core centre of the whole organization.

HIERARCHY (CHART NO.2)

Vice President
Harish

Head of looms
Manjunath

Head of Finishing
Palani Velle

Supervisor

Supervisor

Supervisor

Helpers

Helpers

Head of Extruder
Srinivas

Helpers

5A.1 Objectives

To follow up the daily production schedule as per the plan.

To cover up any deviation from the standards.

To co-ordinate and maintain close relationship with all other key departments.

To upgrade technical efficiency of the production.

5A.2 Functions
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Implementation of quality system In the department to maintain the quality

of the product , through out the process there is proper implementation of
quality principles

Maximization of production-The process of production is a continuous

process, so if there is maximum production the cost can be minimized.

Maintenance of machines-The machines in the production department should

be done at very frequently so that there will be no breakdown of the machines

Ensuring quality specifications- production department is also bound to check

the quality specifications

Optimal utilization of resources- Utilization of the resources for better

production and growth of the company is very much essential.

Training of staff-The laborers should be trained to operate the machineries

such that there will be no mishandling of the machines.

Ensuring safety of men and material- Production Manager should ensure that
the workers and machineries are safe guarded from the external or internal
dangers.

House keeping-It is the process of keeping the production unit and the
premises tidy and clean

To ensure availability of consumables

To minimize waste

To maintain order specification

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PROCESS FLOW CHART FOR WOVEN SACKS/FIBC (CHART

NO. 3)
Raw Material PP/HDPE + Master
Batch

Extrusion

Sheet Die

Cooling Water Bath

Sitting Unit

Hot Air Woven

Stretching Unit

Annealing Unit

Tape Folding Unit

Cheese Winders

Quality Control Testing

Weaving on Looms

Fabric Rolls

Fabric Cutting

Fabric Stitching

Fabric Stitching

Fabric Lamination

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Quality Control Testing

Printing

Bailing

Dispatch
FIBCS & SMALL SACKS

Fabric Welding

Quality Control

Bailing

Dispatch
WIDE WIDTH FABRIC

Thus as a final product Fibc ,small sacks, wide width fabric is being produced with
this complex form of production process, which requires many more functions to be
executed even after the final product is produced. Which involve storage of finished
goods by the stores department, release of funds from the finance department, to
consider employee wellbeing by the human resource department and so on.

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CHAPTER 5B
STORES DEPARTMENT
Goods should be stored properly so as to protect from danger, deterioration, theft,
damages of the machineries etc. Hence care should be taken to safe guard the
materials. And supply enough material whenever required to the production unit.

HIERARCHY (CHART NO.4)

President Operations
Harish
Stores & Purchases Officer
Milind Borker

Store
Assistant

Store
Assistant

Store
Assistant

Helper

Helper

Helper

Store
Assistant

Store
Assistant

Helper

Helper

5B.1 Functions

Receipt of Purchased goods into stores department

Protection and prevention of the goods purchased

Issue of materials to the required departments whenever necessary.

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Maintain stock of space and consumer bills for the purpose of maintaining the
records and further verification of records and investigation of the goods

Checking the invoice with materials received note and purchase order in
respect of quantity of materials received.

5B.2 Types of Storage Cells

The company stores department stores and stocks the raw materials, spares and
consumables in different cells.

Raw materials stores

Finished goods stores

Spares and consumable stores

So as to protect from danger, deterioration, theft, damages

5B.3 Procedure to issue the goods for different department
Goods are issued in first in first out (FIFO) basis or last in first out (LIFO) basis. The
stores department will request the materials department to place an order when there
is no stock of materials asked by the user department. The material department sends
the copy of purchase order to the stores department and in turn this stores department
inspects raw materials, spares and consumables to check whether they meet
specifications and they prepare the goods received report.

5B.4 Procedure to receive the goods purchased:

Indent for the materials to be received from the users department

Purchase order is placed

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Receiving the goods along with the invoice/delivery Chelan

Preparation of GRR(Goods Receiving Reports)

Sending GRN(Goods Received Note) materials/purchase and finance

department

The payments for different materials are made according to the payment
schedule.

5B.5 Documents maintained in stores department

Bin slip/bin card

stores ledger

Goods received report

Goods received note

Stores requisition note

Delivery note

Purchase indent

Purchase order

Preparation of goods received report

After the goods are received, the stores department prepares the goods received report
and it is sent to the user department so as to inform the user department about the
receipt of goods. The goods received report mentions all the specifications of goods
received like quality, quantity, size etc
Preparation of goods received note

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After the preparation of GRR the stores department prepares the goods received note.
This is sent to the materials department so as to inform the department about the
goods received. A copy of this is also sent to finance department for releasing the
money to the materials department.
Stores requisition and issued note
The stores requisition and issue note clearly states the amount of goods requested by
the user department and the subsequent issue of goods. The stock is issued on FIFO
basis.
Bin slip/Bin card
A bin card is attached along with the received particular consignment. The bin card
specifies the quality, quantity, supplier etc of the consignment received. The
subsequent issue from a particular bin is also recorded to the bin card.

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CHAPTER NO.5C
PURCHASE DEPARTMENT
Proper buying of materials, merchandise and procurement of the material as at the
right time is of great importance in any business. Therefore, keeping in view the
prominence for the purchase of materials by setting up a separate department known
as materials department. It is also referred to as the purchase department.
This department at company ensures that materials are obtained at right time with
required quantity at right place from right source and at right cost, so that there is
smoothing flow of production.

5C.1 Objectives

Make sure of continuous availability of raw materials ,all the production cells

No excessive investment in materials

Make sure of minimum wastage

Make sure of the purchase price being reasonable and that matches the quality
and service

To upgrade technical efficiency of the production. Be informed of material

requirements, stocks and usage over regular intervals to track of records.

5C.2 Functions of purchase department

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The materials department in company performs the following two main functions
namely.
Preparing indent for materials to be received from the user department
Placing of purchase order of raw material required for production.

CHAPTER NO.5D
QUALITY CONTROL DEPARTMENT
There is a quality control section (unit) to ensure the quality of raw materials, at every
stage of production and output. Industry accepted quality parameters are set for each
process of production. Quality control inspectors/supervisors are in charge of QC
department

HIRARCHY (CHART NO. 5)

QA Manager

Assistant Manager

Inspectors

5D.1 Quality Policy

We shall make value addition to our customers by providing world class products:

To the full satisfaction of the customer

By enhancing productivity and efficiency

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Being internationally competitive

With the total support of all our employees and

Through the continual improvement of the process

5D.2 OBJECTIVES OF QUALITY SYSTEM

To explore the fine quality products

To eradicate maximum of errors

To enhance product development

To evaluate quality awareness

To ensure the quality assurance

To encourage the house keeping

To enrich the documentation

To engage the systematic proce4ss

To elevate fine dimensions

To educate quality consciousness

To empower the quality control

To enjoy the rewards from our customers

WE MAKE DIFFERENCE IN CREATING A NEW WORLD WITH HIGHER

QUALITY PRODUCTS

5D.3 QUALITY ANALYSIS

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Incoming Inspection-Inspection of all the good, raw materials and other spares
that enter into the factory premises should be checked which is as per the
specifications done by the supervisor.

Online Inspection Process-Inspection which is done at very stage of the

production process in the job which meet the specifications.

Final Inspection before Dispatch-Inspection of the finished product is checked

which should be as per the specification of the customers before to finished
goods are dispatched.

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CHAPTER NO.5E
Marketing Department
Marketing is the business function that identifies customer needs and wants. The aim
of marketing is to create customer satisfaction profitably by building value. It must
team up with other departments in the company and partner with other organization
through its entire value.

HIERARCHY (CHART NO. 6)

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General Manager
Chakravati

Export Market
Manager Divakar

Domestic Market
Manager Venkatachalam

Executive Maria

Executive Satish

Sales
Representative
s

Sales
Representative
s

5E.1 Objectives
Marketing objective are set by Tulsyan NEC Limited to increase the profit of the
company through cost reduction, increasing market shares, creating new customer
base.
The following are the objectives of the marketing department.

Setting up marketing goals and objectives

Developing the marketing plan

Organizing the marketing function

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Ensure the marketing efforts are put into action

Controlling the marketing program

5E.2 Functions

Market development-To improve the products produced in the market, to

show the market development and its growth in the economy.

Enquiry handling- To give enough information of the product, price and other
enquiries in relation to the product, production growth and so on.

Customer satisfaction-Main aim is to provide customer service so that the

customers are highly satisfied with the service provided.

Collection of the pay from the customers if delayed.

Negotiation with the policy

Delivery in time as per quality specifications-The products which are being

produced should be delivered on time as per the customers specifications.

The product is been marketed to major cement plant, sugar mills and fertilizer
industries. They are the major supplier of south India, Maharastra, and Gujarat,
Assam etc. Marketing department has three main business strategies
Firstly registered with most of the major companies as suppliers
5E.3 Major companies:
ACC Limited
India Cement Limited
Grasim Industries Limited
Chetinad Cement Corporation Limited
Rain Industries Limited
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My home Industries Limited
Mysore Cements Limited
Mangalore chemicals and Fertilizers Limited
AD Parry India Limited
Davanagere Sugar Limited
Almost covers fifty to fifty five companies
Secondly identifying prospective new buyers and getting business from them.
Thirdly through companies float tender.
5E.4 Marketing Mix:
Marketing mix is the policy adopted by the manufacturers to get success in the field
of marketing. It emphasizes the importance of customer preferences. Manufacturers
first analyze the customer needs and then plan its products to give the satisfaction to
the customers. Every management is therefore concerned with the markets and
market behaviors to identify needs of the customers. Marketing mix is the
combination of four inputs, which constitutes the important aspects of a companies
marketing system. There are

Product

Price

Promotion and

Physical distribution

5E.5 Marketing Function

Product policy

Price Policy

Promotion policy and

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Distribution policy

5E.6 Product Policy:

Product policy deals with both product development and modification of existing
products. The increasing efforts are directed to strengthen the market qualitatively
and to see whether right products are introduced at the right time at the right place.
5E.7 Pricing Policy:
Pricing policy indicates the basis on which price is determined. Pricing is based on
prices of other competitors. Pricing is done twice a year with the objective of
competing with other competitors and to retain the market and to maintain their
profits at optimum. Similarly pricing is done when there is a change in the cost of raw
materials. Vague revisions, selling expenses, over hedge and marketing conditions
also.
Objectives of Pricing
Pricing is done mainly for the purpose of survival of business world, to maximize the
current profit, to maximize the sales growth. Pricing is also done against the
competitors pricing, demand of the product and due to liberalization policy, but
ultimate aim was to achieve profit.
5E.8 Promotion Policy
The Tulsyan adopts a restricted publicity and poor advertising strategy that has
neither entertained any big boom in sales nor good brand retention. With the limited
funds allocated to them, they have to maintain marketing operations because of this
they were not able to create brand awareness at national level nor they were able to
promote sales.
Promotional Strategies

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Promotion through magazines, advertisements (cricket tournament), through tenders,
direct approach, registration, internet sales. It is B2B business
5E.9Distribution Policy
The company takes the orders from the clients and the required product is
manufactured and dispatched to the clients. Production is done as per the client
specification.

5E.10 EXPORT MARKETING

The export of the company includes all its products and exports to many nations
world wide.
5E.11 functions

Preparation of pre-shipment and post shipment documents.

Arranging transport.

Arranging Insurance
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Payments follow up.

Co-ordination with factory for timely dispatch

Maintaining export sales statistics.

FOB (Free on Board)

The export of all the above said products are done on the basis of free on board i.e
means the price coated includes the cost of the goods, packing charges, boarding
charges and all the expenses incurred till loading the goods on the ships
5E.12 Documentation required for exports
The following are the basic documents used in the export transactions

Approval from apparels export promotion council

Approval from chamber of commerce

Invoice of the goods

Export packaging list inspection certificates

Order copies of party

Bill of lading

Shipping bills/bills of export

5E.13 EXPORT PROCEDURE

First enquires are received from the foreign buyers and also from merchant
exports

Then the company will forward the price list, export broachers and other
relevant information
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The foreign buyer/merchant exporter will negotiate on the price and other
terms and conditions

An acceptance of the terms and conditions on price, a proforma invoice is

sent to the buyer for advance payment of full value of the order or for opening
an irrevocable letter of credit payable at site

On receipt of the confirmed order with payers letter of credit the production is
taken up

The moment the goods are ready it is packed and dispatched

CHAPTER NO.5F
FINANCE DEPARTMENT
Finance is the life blood of any business. It should be consent with the activation of
the funds and wide application of funds. The duties of the finance department are to
perform these functions effectively and efficiently.
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HIERARCHY (CHART NO.7)

CFO/Director
Venkateshwaran
General Manager
Uma
Deputy General
Manager Udhay

Manager
Manohar

Executive

Manager
Shasthry

Executive

Executive

Executive

5F.1 Objectives:

To protect the financial interest of the company.

It helps in achieving the business results(Profitability)

Monitoring the funds, collection and payments.

Liaising with banks and financial institutions.

Controlling the in-flow and out-flow of cash

Financial planning and mobilization of cash

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To exercise the cost control and cost reduction techniques

To monitor the budget and budgetary controls

5F.2 Accounting Function

Managing the overall financial matters at the company

Maintaining the proper records and quantitative details about the situation at
the fixed assets

Physical verification of fixed assets

Administrating internal auditing system.

Takes care of Statutory Audit, Internal Audit every month with all the
departmental heads

Takes care of Settlement of cash advances / Cash receipts / Payments

Takes care of Monthly intimation to insurance company, documentation of

insurance policies(Renewal/Claims)

Finance department is considered to be the back bone of the company. Their main
objective is to produce the financial status of the company to the share holders,
bankers etc. Responsible for the timely payment to the vendors and provide service
and get cost analysis from each department of the company and these information
being generated to the top level management for the purpose of decision making.

GRAPH SHOWING THE GROWTH OF PROFITS

YEAR

PROFITS

2004 2005
2005 2006
2006 2007

2,26,63,000
2,77,51,000
3,59,45,000
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2007 2008

6,11,11.000

GRAPH NO.1

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CHAPTER NO. 5G
HUMAN RESOURCE DEPARTMENT
The Human Resource Management Department is the back bone of any organization.
So it is the responsibility of HRM to keep a check on all the activities taking place in
the organization. HRM acts as a management function which helps in recruitment,
selection, training and development of the members of the organization. HRM is
concerned with the peoples dimensions in organizations.
HRM primarily aims at making an effective utilization of Human Resources existing
in an organization. Hence HRM has to make effective man power planning, maintain
effective industrial relations and determine the requirement of the organization.

HIERARCHY (CHART NO.8)

HOD/HR Manager
Nagappa

Executive
Krishna Kumar

Executive
Babu

Assistant Executive
Harish

Assistant Executive
Prakash

House Keeping
Supervisor

House Keeping
Supervisor
House Keeping
Helpers (30 32)

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5G.1 Objectives

The primary objective is to ensure the availability of the competent and

willing work force to the organization.

To maintain the good relationship between the employers and employee.

To maintain good industrial relation.

To select right type and number of employees

To comply with all government and statutory bodies.

To offer social security for employees and their family

To assist employees in achieving their personal goals

5G.2 Functions of HRM

It is one of the primary functions of HRM to maintain an effective relation

with the workers.

Training the workers.

Distribution of salary and wages.

Maintenance of all statutory records

Welfare activities.

Welfare
Employees welfare refers to as betterment work for employees relates to taking care
of the well being of the employees by employers. Some of the welfare measures are

Conditions of the work environment

Conveniences

Employee health services

Workers recreation
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Employment follow-up

Employees medical facilities

Competitions and cultural programs

Employee safety

Statutory Compliance
HRM is also responsible for meeting various statutory requirements. It has to
implement various laws relating to the employees, employees safety, employees
health, employees welfare etc. The HRM has to adopt various industrial and labor
laws like factories act, employee state insurance act etc.

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CHAPTER NO.6
SWOT (Strengths, Weaknesses, Opportunities, Threats)

A SWOT analysis helps find the best match between environmental trends
(opportunities and threats) and internal capabilities.
SWOT Analysis is a strategic planning tool used to evaluate the Strengths,
Weaknesses, Opportunities, and Threats involved in a project or in a business venture.
It involves specifying the objective of the business venture or project and identifying
the internal and external factors that are favorable and unfavorable to achieving that
objective.
The aim of any SWOT analysis is to identify the key internal and external factors that
are important to achieving the objective. SWOT analysis groups key pieces of
information into two main categories:
Internal and External factorsInternal factors include Strengths and Opportunity,
External factors include Weakness and Threat

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The first part of any SWOT analysis is to collect a set of key facts about the
organization and its environment. This will include facts about the organizations
markets, competition, financial resources, facilities, employees, inventories,
marketing and distribution system, R&D;, management, environmental setting (e.g.
Technological, political, social, and economic trends), history and reputation.
The second part of a SWOT analysis is to evaluate data to determine whether they
constitute strengths, weaknesses, opportunities or threats for the organization. This
may be done independently by the individuals in a group, results being compared
afterwards. It is important to note that any given fact may give rise to more than one
evaluation, and so to ask - How may this fact be considered as an opportunity as
well as a threat?"; "How may this apparent strength turn out to be a weakness?";
"How does this weakness really represent a strength?"

Strength is a resource or capacity the organization can use effectively to achieve its
objectives.
A weakness is a limitation, fault, or defect in the organization that will keep it from
achieving its objectives.
An opportunity is any favorable situation in the organizations environment. It is
usually a trend or change of some kind or an overlooked need that increases demand
for a product or service and permits the firm to enhance its position by supplying it.
A threat is any unfavorable situation in the organizations environment that is
potentially damaging to its strategy. The threat may be a barrier, a constraint, or
anything external that might cause problems, damage or injury.
In general, an effective strategy is one that takes advantage of the organizations
opportunities by employing its strengths and wards off threats by avoiding them by
correcting or compensating for weaknesses.
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6.1 Strengths to build upon

Promoters of this company have more than three decades of experience in the
line of business.

Strong Management (no raw material problem)

Increased growth and potential

Highly experienced staff in management.

More than two decades of Rich Experience

Superior tensile strength and durability of our products

Well-developed manufacturing facilities

Excellent resistance to water, acids and chemicals

Well Developed Industry with Strong Manufacturing Base

Continuous profit making.

Products have good demand in the market.

Available in many designs and colors

Timely delivery

More number of employees

Very few manufacturers are engaged in FIBC.

Team work

Good relationship with vendors which help to maintain smooth running of the
business activities

Good relationship with suppliers

Coordination between employees

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Environmental quality of the Campus expressed in green lush environment

Good relationship with clients

6.2 Weaknesses to Overcome

Attrition rate is more

Absenteeism rate is more in workers.

Labour problems

Unskilled workers

Employees inability to adapt to changes in the technology

Improper time management (not able to serve the clients on time)

Lack of technological updation in the organization

Lack of Maintenance department.

Low sustainable performance of employees

Absence of R & D department

No Brand Identity

6.3 Opportunities to Exploit

Demand and supply gap is very wide in the FIBC production.So the company
can take advantage of demand and supply gap.

Generates job opportunities

Reducing service cost

Improving customer retention

Develop and retain the best talent and resources

Potential to market
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New business alliances with clients abroad.

Different products can be produced using polymer

Carpets,ground covers and ventilated fabrics can be produced with the final
product produced.

6.4 Threats to Overcome

Changing technology

Competitors

Government rules and regulations

Frequent power failure,generators

Customers rejection of the goods produced

Society opposing the usage of Plastics

Union members

Increase in the cost of raw materials, transportation ,power and so on, so the
expenditure is also increasing.

Entry of foreign investors with improved technology and reduced cost of

production can make the unit unviable.

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CHAPTER NO.7
FINDINGS

Good relationship with vendors of raw material and clients.

It was found that there are unskilled laborers

Lack of management application by the management employees.

Maximum utilization of resources

Store department undertakes both storage of goods and purchases.

Employees are helpful and co-operative.

Safety security policy.

Environmental and quality standards with awards for recognition.

There is a high level of satisfaction among Clients for the services provided

There is no proper implementation of performance Appraisal technique in the

organization to evaluate the performance of the workers.

Training technique for every new joiner is given induction training, 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 in the outside
agencies.

Training is given as per the international quality standards.

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CHAPTER NO.8
8.1 SUGGESTIONS
Following are certain suggestions which might be beneficial for both
individual and organization point of concern.

The benefit of computerization should be wide spread to the entire

department.

More stress should be paid towards the training and development programme
in order to meet up coming requirements.

Wage and salary administration should benefit the employee of the

organization.

Application of the latest policy with respect to performance appraisal of the

employee, So that the can get promotion as per their individual ability

A more innovative concept should be introduced for the purpose of reducing

the rate of accidents.

Performance Appraisal may be done by supervisors, peers, subordinates, self

appraisal or can follow 360 degree performance appraisal.

Transportation facility should be provided to employees

Plant should be modernized and implement automatic machines instead of

human beings.

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8.2 CONCLUSION
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.

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ANNEXURE
TULSYAN NEC LIMITED Profit and Loss Account for the year ended .
For the year
For the year
For the year
ended [Actual]
ended
ended ]
31/03/2007
31/03/2008
31/03/2009
Sales and Other Receipts
Other income

43, 157.09
152.43
43, 309.52

56,424.87
50.14
56,475.01

82,126.13
67.00
82,193.13

Deduct: Cost of Materials and

other expenses
Depreciation
Good will written off

42,018.89
401.38
-

53,925.82
530.91
-

78,813.36
857.72
-

42,420.26

54,456.73

79,671.08

889.26
204.00
9.81
64.33

2,018.28
444.15
10.50
241.85

2,522.06
850.00
12.00
(6.91)

Profit for the Year

Less: Provision for current Tax
Fringe Benefit Tax
Deferred Tax

611.11

1,321.78

1,666.97

Profit after taxation

485.45

911.05

1,096.57

2,232.82

2,232.82

Add: Surplus brought forward

3,899.79

Less: public Issues/Preliminary

Expenses
written off

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TULSYAN NEC LIMITED

2,232.82

3,899.79

Appropriation:

911.05

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TULSYAN NEC LIMITED

TULSYAN NEC LIMITED, Balance sheet as on

For the year
ended
For the year
I Sources of Funds
[Actual]
ended
31/03/2007
31/03/2008
1. Shareholders Fund:
(a) Share Capital
500.00
500.00
(b) Reserves & Surplus
2,897.33
4,219.10
(c) Infusion of
Capital/premium

For the year

ended
31/03/2009
500.00
5,886.07
1,000.00

Minority Interest
2. Loan Funds
(a) Secured Loans
(b) Unsecured Loans
Deferred Tax Adjustment
Branch/Head Office
Branch/Head Office
Profit of the year

11,113.22
1,221.43
862.85
-

14,992.44
1,228.00
1,104.70
-

17,349.64
544.00
1,097.79
-

16,594.83

22,044.25

26.377.51

7,461.17
2,882.58

11,961.17
3,413.49

12,261.17
4,271.21

4,578.58

8,547.67

7,989.95

II Application of Funds

1. Fixed Assets:
Gross Block
Depreciation

Net Block
1,886.42
Capital Work In Progress

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TULSYAN NEC LIMITED

Good Will
2. Investments
3. Current Assets, Loans &
Advances
(a) Current Assets
(b) Loans & Advances

Less: Current Liabilities &

Provisions

304.11

207.47

13,341.08
18,382.06

17,520.08
4,659.29
22,179.37

207.471
23,056.12
4,919.29
27,975.41

7,897.53
661.25
8.558.79

7,800.81
1,090.06
8,890.87

7,855.26
1,940.06
9,795.32

9,823.27

13,288.50

18,180.09

2.44

0.61

16,594.83

22,044.25

26,377.51

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BIBLIOGRAPHY

Robbin Stephen P, Organizational Behavior, Prentice Hall of India Pvt Ltd,

Tenth Edition.

Monappa Arun, Personnel Management, Tata Mc Grew.

Subba Rao.P, Human Resource Management, Himalaya Publications, First

Edition.

Keller Philip & Keller Kevin Lane, Marketing Management 12e, PrenticeHallof India Pvt Ltd, Twelfth Edition.

Sharma .R.K Gupta Neeti, Financial Management, Kalyani Publication.

Company Magazines

www.tulsyannec.com

www.google.com

www.wikepedia.com

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INSTITUTE OF MANAGEMENT STUDIES