DEPARTMENT OF MANAGEMENT STUDIES

RAJA COLLEGE OF ENGINEERING & TECHNOLOGY

(Affiliated to Anna Unie!"it# C$ennai%
MADURAI&'() *(*+
,ONAFIDE CERTIFICATE
This is certify that this -REPORT ON INPLANT TRAINING IN .ASUNDARA TE/TITLES
LIMITED0 MADURAI, Submitted to Anna University Chennai in partial fulfillment of requirements for
the degree of MASTER OF ,USINESS ADMINISTRATION is a bonafide record of the work done by
Na1a2a!a"at$+N (Re1+No+34((45'54*43%
MrsS Shanthi MSSUMA
!"# $ACU%T& 'U(#)
DECLARATION
( here by declare that this pro*ect report entitled 6A REPORT ON INPLANT TRAINING IN
.ASUNDARA TE/TILES LIMITED7 MADURAI8 submitted to Anna University Chennai, for the
award of #egree of Ma"te! of ,9"ine"" Ad:ini"t!ation is my original work and has not been submitted
for the award of any degree, diploma or certificate to this university or any other universities
Pla;e< Mad9!ai N+Na1a2!a"at$
Date< (Re1+No< 34((45'54*43%
AC=NO>LEDGEMENT
( e+press my heartful thanks to Mr %ion ' ,agara*an MA, Chairman of -a*a College of
)ngineering and Technology and also to .rincipal #r SS Sekar, .h#, for giving me an opportunity to
do the pro*ect
( e+press my sincere thanks to Mrs S Shanthi !"#, #epartment of Management Studies and
my faculty guide MsSUma and to all my faculty members for their valuable guidance to finish my
pro*ect
( e+press my sincere thanks to Mr S 'ugan Managing #irector of /asundara Te+tiles %td,
Madurai, and all other working staffs for giving me opportunity to do my pro*ect
( e+press my heartful thanks to my parents and friends who helped me to completed my pro*ect
CHAPTER TITLE PAGE
A,STRACT
I INTRODUTION
II .ASUNDARA TE/TILES LTD A PROFILE
III
FUNCTIONAL DEPARTMENS<
HUMAN RESOURCE DEPARTMENT
I. ADMINISTRATI.E DEPARTMENT
. ACCOUNTS DEPARTMENT
.I PURCHASE DEPARTMENT
.II SALES DEPARTMENT
.III EDP AND ERP DEPARTMENT
I/ E/CISE DEPARTMENT
/ ENGINEERING DEPARTMNET
/I FINDINGS7 SUGGESTIONS AND CONCLUSION
APPENDI/
A,STRACT
This pro*ect report is entitle A -)."-T ", (,.%A,T T-A(,(,' (, /ASU,#A-A
T)0T(%)S %(M(T)#, MA#U-A( The purpose of the report is to know the satisfaction level
of the employees The primary data is collected through questionnaire and the secondary data is
collected through the company reports, profile, website, etc
According to the primary data most of the respondents are satisfied with the working
environment 123 of respondents are satisfied with the safety equipments provided by the
company Most of the employee4s are satisfied with the incentives The management accept the
workers suggestions and give the reward for their suggestions
The training given by the company is very useful to the workers and the training moulds the workers
The management gives enough guidance to the workers and motivate the workers The
workmen are less satisfied in the team spirit, so the management should motivate them to co5
ordinate with team spirit Some of the workers are dis5satisfied with their inter department
relationship The workers are in need of more transport facility
!owever, the employees4 *ob satisfaction level is well and good ( am proud to say this
research work is provide more knowledge and e+perience to me To conclude it will be even
helpful for further research activities, there is a possibility for further research in the same field
INTRODUCTION
M6s /asundara Te+tiles %td is a leading te+tiles industry /asundara Te+tiles
%td, formerly te+tiles Ancillaries made its presence as a .rivate %imited Company in
the year 2789 Then they had new *oint venture collaboration with Seisakushu
%imited and Mitsubishi Corporation and the name was changed to /asundara Te+tiles
%td
The automotive industry is in the midst of a ma*or structural transformation in
today4s globalised scenario :System supply; of integrated components and sub5
system is becoming the order of the day with individual small components being
supplied to the system integration instead of the vehicle manufactures
(n this process, most of the small scale industries units manufacturing smallers
individual components are on their way to become tier < and tier = suppliers, while
the larger companies including most multi national companies are being transformed
into tier 2 companies, which purchase from tier < and = and sell to the auto
manufactures
'enerally /asundara Te+tiles %td is a >apanese oriented Company They
manufacture spinning yarn components
.ASUNDARA TE/TILES LTD ? A PROFILE
/asundara Te+tiles %td, originated as a private company founded by
Mr-%akshmi ,arayanan, a .olymer Technologist of repute This unit is a product of
his /ision and was setup in 2789, in anticipation of the revolution in the automobile
industry, which had been stagnating for decades !e visuali?ed the need to upgrade
the component technology for servicing the requirements of new generations two
wheeler manufactures coming up at that time with >apanese collaboration
The company went for technical collaboration with Arai Seisakusho Co %td,
>apan for the manufacturer at -eed /alve Assemblies, "il Seals and technically
critical Moulded -ubber .roducts (n 277@, the company e+panded its capital base
with participation from Shriram group and it became a closely held public limited
company and its activities increased in all the areas of manufacture
Towards the end of 277=, the company concludes an arrangement for
becoming a *oint enture with Arai seisakusho Co %td, >apan and Mitsubhishi
corporation, >apan with a rotal investment of 1A3 on revised equity base The
percentage of collaboration is, 88 813 for Arai seisakusho limited and 222A3 for
Mitsubishi Corporation
The *oint venture which now has resulted in the closer involvement of the
>apanese collaboration is all set to look at global, marketing as one of its important
ob*ectives apart from strengthening the base for serving (ndia automobile industry
The company has regressed since 2788 and is today one of the leaders in the area of
advanced technical rB 5ducts in rubber for (ndian automobile (ndustry
The company is unique in having an e+cellent research and development base
which is capable of absorbing the technology from >apan on a continuous basis to
upgrade the product range of benefit the various customers with high reliability
combined with cost effectiveness
The environmental management system certification program was initiated in >une <@@@
and the (S"B 21@@2 certificate was obtained in the >uly <@@2The organi?ation is accredited (S"
7@@2B<@@@, for its quality in the year <@@<
Mr %akshminarayanan, Chairman of the Company guides the technical, product
development and marketing activities Mr %akshminarayanan, is a renowned spinning
technologist with more than =9 years of e+perience in yarn industry
Mr S 'U'A,, the Managing #irector of the Company looks after the day to day activities
!e is an )lectrical )ngineer and MCA from ((M Allahabad !e held senior positions in Asian
Crown Coverim, Caroda and $enner D(ndiaE %td, prior to *oin the company in 2787 !e is the
e+5chairman, C(( Madurai ?one and was the president of Madurai managem ent Association and
chairman, southern region of All (ndia management Association in 2779 F 277ACoth of them
have been recipients of awards at die all (ndia level of contribution in their areas of
speciali?ation
The previous name of the organi?ation was M6s /asundara Te+tiles %td This was a Bmy
family concern as private %imited company with initial equity of -s1<92akhs Cy G March,
277@ the annual sales was -s8@croresThe company had started with a man rower of only H9
And slowly it has increased to 9A7 in <@@1
TECHNOLOGY
Closely supported by the >apanese partners, /asundara Te+tiles %td has built a
sustaining and competent Technology Case, to manufacture, spinning yarn components to the
higher standard required by the te+tile industry
The superiority and e+cellence of technology resulted /asundara Te+tiles %td
/asundara Te+tiles %td, is poised to be a ma*or member of the /asundara 'roup, and are
gradually building their skills, resources and capabilities to becoming a 'lobal player, in this
important field or auto ancillaries, based on .olymer )ngineering
/asundara Te+tiles %td supplies its products both to original equipments market and
replacement market Cut more concentration is on the ") market
Apart from the oil seals and reed valves, the company also produces I"4 rings and other
moulded rubber parts for the automotive industries in (ndia which are import substitute
products which saves further foreign e+change to the country
.i"ion<
5 market leader in the country in 9 yrs
277H 5 one of the top = in the world in the field of oil seals
5 to become the preferred supplier of all the customers
5 to produce ?ero defects products
Mi""ion<
To produce high quality products, at competitive prices combined with on time delivery,
strictly adopting environmental process
2789 5 /asundara Te+tiles %td, was registered and started as a .vt %td, company
278H 5 Technical collaboration with S)(SAJUS!" C" %T#,
5 Totally professionali?ed
5 Second unit Trichy
5 Awarded best SS( unit in the #istrict
5 Third unit in J .udur
5 Set up -,# centre in J .udur
5 Awarded best unit in the state
5 >oint venture with Arai Seisakusho Co %td and Mitsubishi Corporation, >apan
5 ,ame changed to Arai Seisakusho Co %td
5 ,ew compounding unit at kappalur
2779 5 $ourth unit in J.udur
277H 5 $ifth unit D#edicated to Maruthi Udyog %tdE in J.udur
5 /asundara Te+tiles %td quality circle team won the first place in KC circle
competition in Tamil ,adu conducted by C! DS-E
5 /asundara Te+tiles %td circle team won the first place in KC circle competition in
southern region conducted by C(( DS-E
5 (n march <@@2 /asundara Te+tiles %td, white rose quality control has won the second
place in the ,ational KC circle convention conducted by C((
5 (n march <@@2 /asundara Te+tiles %td, have been certified by CS(5UJ for (S" 21@@25
environmental management systems
Poli;ie"<
F9n;tional Poli;ie"<
!igh quality products shall be produced by practicing total quality management as a
way of life
Competitive price shall be achieved through sustained efforts on continuous
improvement
"n5time delivery shall be maintained through team efforts
@9alit# and Eni!on:ental Poli;#<
They are committed to
Strive for continual improvement of their quality performance by meeting the changing
requirements of the customer and environmental performance by prevention of pollution and
minimi?ation of wastes
Manufacture high quality products at competitive price by adhering to the systems,
processes and procedures and continually improving the same
.romote energy savings and conservation of resources
Comply with all applicable legislative, regulatory F other requirements including those
that apply to environmental aspects which govern the activities
Achieve the above by creating awareness among employees through proper training and
providing conductive work environment
Te;$ni;al Cente!<
The technical center activities of /asundara Te+tiles %td are carried out in a well
equipped lab, which has been incorporated as part of the fundamental activities and consist of
compound development )nvironment behavior investigations, routine availability controls are
tested using the latest equipments
Co:2an#0" A;$iee:ent"<
5 Cest SS( unit in the district
5 Cest SS( unit in the district
5 Cest SS( unit in the state
5 Kuality award from whir pool (ndia %imited, .ondicherry for 2@@3 supplier quality
rating
5 /endor award from Maruti Udyog %imited for quality performance
5 Kuality award from %ucas T/S %imited
5 Award from Jeihin fie %imited, .une for cost optimi?ation
5 Awarded Cest SS( unit in the state level
T$e Oat$ of .a"9nda!a TeAtile" Ltd+<
The Company philosophy is to produce high quality products at competitive prices
combined with on time delivery strictly adopting environmental friendly processes This
philosophy is supported by following deep rooted beliefs
!igh quality products shall be produced by practicing Total Kuality Management as a
way of life
Competitive prices shall be attached through sustained effort on continuous
improvement
"n time delivery shall be maintained through team effort
)nvironment $riendly processes shall be adopted by practicing )nvironmental
management system
G!oBin1 and A;$iein1 EA;ellen;e T$!o91$ 2eo2le<
Training
Cench marking
)mployee involvement
)mployee empowerment
-oot cause corrective action
Teamwork
Universal responsibility
Supplies Teaming
Thinking statistically
Sustained commitment
Cuilding TrustB
)mployee dignity
Transparency decision making
/isibility DactionE
Counseling
St!ate1# of .a"9nda!a TeAtile" Ltd
The "rgani?ation strives to e+cel by strictly adopting the following aspects
'rowing and achieving through people, by Training, Cench Marking, )mployee
involvement, )mployee )mpowerment, -oot Cause Corrective action, Team Lork,
Universal -esponsibility, Statistical Thinking, "rgani?ational Culture building F
Sustained Management methods
=aiCen<
(t is a >apanese word meaning :Change for the Cetter; or :(mprovement; Jai?en
refers to a work place IKuality4 strategy and related to various quality control systems
Jai?en aims to eliminate waste This is then followed by standardi?ation of this Mbetter
way; with others, through standardi?ed work
)S P!in;i2le<
9 S is a method of organi?ing a work place, especially a shared work place Dlike a
shop floor or an office spaceE and keeping it organi?ed Jey target of 9 S are workplace
morale and efficiency 9 S assigns everything a location and time is not wasted by
looking for things 9 S believes that the benefits come from deciding :what, when and
how; should be stored (t brings sense of ownership of the process in each employee
Sei!i & So!tin1+
$ollow red tag system
$i+ed point photograph
Standard for deciding the required things
T!ainin1
'enerally !i Tech follow both on the *ob and off the *ob training
)very A month follow training
277= "perator level5N=< hours
2771 Middle level 5N1@hours
2779 !igher level 5N 2 month
P!o;e""<
!- department prepares the training program for individual employee !uman resource
analysis the performance of individual employee and if there is necessary they give training to
them The employee in particular skill so training program conduct various level
<@@H "perator level
<@@8 Middle level
<@@7 !igher level
Training conduct like conference, seminar, 'uest lecture, management game and
communication skill for various program was trained to the employee They will get feedback
from the employees After that if the performance of the employees are not satisfied, they will
identify where the employees are lacking and they will train them in that particular area
Co9n"elin1<
Counseling was conducted by personal department in an organi?ation thought improved
the performance of employees in order to motivate them, and to discuss their problem within the
organi?ation (t helps to improve their skill development and promotion in an
ADMINISTRATI.E DEPARTMENT
The Administrative #epartment heads by MrSSankaraJailasam,S'M
Administrative, is responsible for all Administrative activities in all departments in any
general issues, environmental safety activities are administered by this department as
per T,.CC ,orms The air and water pollution control is administered by this
department based on Air and Later act stated by T,.CC (t also handles other common
issues likeB
SECRETARIAL FUNCTION:
Any organi?ation with a paid up capital of <crores should have a qualified
secretary The organi?ational secretary Mr-'nanasekaran The secretary is
responsible for convening and conducting the Coard of #irectors meeting The meeting
should be conducted once in every = months "ne annual meeting should be held The
other secretarial functions areB
Compiling the annual report of the organization.
Liaison between the Board of directors and the management.
Liaison between the organization and the shareholders maintaining the statutory
records.
Handling all the legal activities of the organization based on the Companys Act.
N !andling environmental organi?ations
'rant of scholarships
N Sponsorship for tournaments
N Transport arrangements
N Arranging the visits of foreign delegates and their convenience
N )C e+pense auditing
N Mail and courier handling
ACCOUNTS DEPARTMENT
/asundara Te+tile follow three accounts like
.urchase account
Sales account
'eneral account
P9!;$a"e a;;o9nt<
.urchase accounts are two types indigenous account and import account (n
indigenous
account materials are purchased within the company The account that is purchased
outside the domestic country is called import account 'enerally accounts details contains
by the goods received note, ta+ation delivery chilion, inspection The account details
finally framed by cash flow statement, profit and loss account and balance sheet
Sales accountB
Sales account raises the invoice information Sales account has four type of account
")M sales account
-)S sales account
)+port account
)+port oriented sales accounts
Sales account follows the ta+ applicable like e+cise duty about 213, education
<3, higher educational 3 and Tamilnadu /alue added ta+DT,/ATE 13 After preparing
the final records, the sales account is prepared and finally the auditing is made The sales
account requires the collection list, checks, updating and ageing Ageing involves
invoices and payments At the third week of every month the company prepared the sales
account
Gene!al A;;o9nt<
Canking
Cash management
Audit and report
Stock valuation
Salary account
Lind power generation
$i+ed Asset
Cank account consists the information about the bank balance, loan, customer
payment and transaction of cheques (n banking account the records should be maintained
and in the month of September to "ctober of every year, the banking account is prepared
Ca"$ :ana1e:ent<
Cash management involves the outflow and inflows of cash in the company To
formali?e cash management every year company budget ids prepared based upon sales,
purchased and other e+penses Cash management based upon the fi+ed deposit
A9dit & Re2o!t<
The general account prepared is finally reported for auditing After auditing, the
report frame the profit and loss account and balance sheet This process is carried out in
the end of every month in the company
Sto;D .al9ation<
The stock valuation is based on factory maintenance The stock maintained in the
particular departments is valued to acquire information about stock inventory, customers
dues and asset,s values
>ind PoBe! Gene!ation<
The company has 29 wind power generation The purpose of having wind power
generation is it result in ta+ depreciation and also power consumption $or e+ample, one
lakh power is produced in one month, but through wind power generation 2,9@,@@@ power
is produced So 9@,@@@ power is consumed in every month and it is ad*usted on the bill
FiAe A""et<
Asset should be capitali?ed form followed the a6c payable $i+ed asset like land,
building, room, and vehicles )very month they pay an rent amount to the fi+ed asset
That record should be maintained by accounts department
PURCHASE DEPARTMENT
.urchase department is often called as purchase business 'enerally .urchase
department is same function but activity is different Activity #ifference is increase the
value and performed .urchases are of two types centrali?ed purchase and decentrali?ed
purchase Cut /ASU,#A-A T)0T(%)S %T# follow centrali?ed purchase
Cent!aliCed 29!;$a"e<
Anything which is purchased through one activity is called centrali?ed .urchase
Many organi?ation follow this because they are of
/alue
)asily communicated
Simple account
)asily fi+ the value
P9!;$a"e t#2e"<
/asundara te+tiles ltd follow three types of purchase They are
%ocal purchase
(mport purchase
"ther purchase
Lo;al 29!;$a"e<
(n /asundara te+tiles ltd local purchase is done within (ndia This plays a vital
role They purchase materials like rubber, shell, and aluminium etc
P!o;e"" of lo;al 29!;$a"e<
The production department inform about the input material to purchase
department The purchase department orders the materials to the supplier $urther