Nisha Rough Draft
Nisha Rough Draft
Nisha Rough Draft
For
IDEAL FASTENER INDIA PVT LTD
By
SR.KHAIRUNNISA.
Of
VALLIAMMAI ENGINEERING COLLEGE
Submitted to the
FACULTY OF MANAGEMENT STUDIES
In partial fulfillment of the requirements for the award of the degree
Of
MASTER OF BUSINESS ADMINISTRATION
ANNA UNIVERSITY CHENNAI – 600 025
JULY 2017
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BONAFIDE CERTIFICATE
This is to certify that this summer training report is the bonafide work of
LTD who carried out the work under my supervision. Certified further, that to the best of
my knowledge, the work reported herein does not form part of any other summer training
report on the basis of which a degree or award was conferred on an earlier occasion on
______________________________ ______________________________
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DECLARATION
Engineering College, Kattankulathur, declare that the Summer Training Report, for
Business Administration. This is my original work and not submitted for the award of any
Date: 25-07-2017
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ACKNOWLEDGEMENT
I would like to express my sincere thanks and gratitude to all those who made it
I furthermore thank the head of the department Dr.J.Padmini M.B.A., Ph.D for
who gave valuable inputs and motivated me to complete this summer training internship.
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TABLE OF CONTENTS
I INTRODUCTION
5
CHAPTER NO. TITLE PAGE NO.
6
CHAPTER NO. TITLE PAGE NO.
V MARKETING DEPARTMENT
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CHAPTER-1
INTRODUCTION
INDUSTRY PROFILE:
The study is conducted in IDEAL FASTENER INDAI PVT LTD The entire
organization is taken for the Study covering all the functional areas of the company. The
company was established in the year of 2006. The company has a great experience in
producing Zipper in all over the world they have the branches in some countries. The
company as the working hours around 8hours per day and they have the four kinds of
shifts along general shift. The raw materials will be getting from outside and then the
production process will takes place. The company will be producing three kinds of Zipper
like, Plastic, Polister and Metal for producing these three kinds of zipper will have
different process.
The project was carried out in MEPZ by observing the entire departments in the
company. It was good experience to learn and had lot of things to know from the
company. Then I have learned many new things which was not known already. The
company rules and regulation was strict for the workers in the company. All the employee
should compulsory follow the rules and regulation in the company. The company timings
for the employee were from 9a.m to 5.30pm for the day shift and the other four shifts will
have the different timings.
The company as around more than 18 to 21 section were they have the Security,
Dieing, Maintenance, Metal chain, Tools room, Antique, Auto line, Painting, Quality
Assurance, Open end assembly, close end assembly, Stores, Textile, Slider assembly, Die
casting, Despatch, Plating, CFC chain, HR, Textile process. The company as the much
equipment for doing the production.
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Exports of manufactured goods in India accounted for 75% in comparison to
exports of manufactured goods all over the world. Owing to the performance manifested
by the export sector in India, the scenario indicates that there is less competition in the
manufacturing segment. Absence of competition is also established by the fact that in
spite of reducing the tariff in the early and mid 90s, India continued to be one of the
protected economies of the world. Contribution of India’s export towards international
market grew from 05% to 0.7% during 990 to 2000. During the same period, Malaysia,
China, Thailand and South Korea, registered almost double increase in exports.
ENVIRONMENTAL POLICY:-
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Water: Minimizing waste and wastage means so much to us that we spend vast sums of
money in recycling and purifying the water used in our production plans.
Recycling initiative: We are proud to advise that together with the recycling companies
we a re committed to reducing wastage of paper, plastic and glass at all our office.
The second scope is to understand the needs and requirements of the company in various
departments and their activities.
Various Departments:
Human Resources department
Production department
Dieing department
Quality Assurance
Stores department
Despatch department
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Established in 1936 by Elie Gut, IDEAL Fastener Corporation is the second largest zipper
famous zipper manufacturer in the world.
Our constant evolution has included revolutionary products such as Everzip (1956),
landmark clients like the Astrodome (1964) and national recognition by the Smithsonian
(1991). During the past five years, IDEAL has expanded its worldwide presence by
opening numerous international production facilities and sales offices.
Throughout our history we have had one goal: to make IDEAL Fastener Corporation
synonymous with the best quality, service and innovation. IDEAL zippers are available
for every applications: pants, jeans, jackets, skirts, dresses, sportswear, outerwear,
skiwear, luggage and sporting goods.
BRANCHES:
1. Oxford, North Carolina USA
2. Santiago, Mexico
AWARDS:
Ideal Fasteners has got a certificate of ISO 9001/2000 and ISO 9001 / AS9100
Registered.
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1936 - IDEAL Fastener Corporation is founded in New York.
1956 - On its 20th anniversary, IDEAL introduces Everzip, the snag free zipper.
1959 - IDEAL introduces Mytie Mite, #2.2 miniature zippers in brass and nickel.
1964 - IDEAL zippers are used to zip together the Astroturf football field at the Houston
Astrodome, Houston, TX.
1966 - IDEAL moves its manufacturing headquarters to Oxford, North Carolina, and
builds a state-of-the-art zipper manufacturing facility.
1972 - IDEAL acquires Prentice Zipper Company, a leading zipper manufacturer of metal
zippers for work-wear and denim jeans.
1985 - IDEAL manufactures the longest zipper in the world with over 12,640 teeth and
presents it to President Ronald Reagan.
1991 - On the fiftieth anniversary of US entry into WWII, IDEAL is recognized by the
National Air and Space Museum of the Smithsonian Institute, Washington, DC.
1996 - IDEAL acquires Scovill Zipper and Conmar Zipper from Scovill Fasteners.
2001 - IDEAL opens sales offices in Bangladesh, Dubai, India, Indonesia and Taiwan.
2001 - IDEAL highly technical and fire retardant zippers are used by NASA to launch the
TITAN IV missile.
2007 - IDEAL opens sales office in the United Kingdom and Italy.
2008 - IDEAL opens sales offices in Vietnam, Thailand and Sri Lanka.
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IDEAL Fastener Corporation was established in 1936 in New York and today we
have grown as a second largest zipper manufacturer in the world. Our zippers are used for
numerous applications such as apparel, automotive, furniture, luggage, military, and
specialty. Our zippers are offered in a vast collection of styles, colors and materials, as
per customer’s specifications. Innovation is the field where we truly excel. We provide
our customers with the best zipper products in the market. During the past decade our
company has a wide network of international production facilities and sales offices. We
run our factories, offices and distribution facilities in over 20 countries in North and
Central America, the Middle East, Europe, the Far East and Asia.
Our client list includes reputed apparel brands and retailers in United States and
Europe, world’s premiere luggage manufacturers, and US Armed Forces. We are able to
design as per the customer’s requirements just because of our committed engineering
team. Our customers receive the most technologically and sophisticated zippers in the
market as we prefer to do rigorous research and development. We are always committed
to excellence and doing everything at our best to ensure customer’s satisfaction. Quality
Assurance At IDEAL, we believe to be independent rather than being dependent on
outside resources.
IDEAL owns and operates 7 factories worldwide (over 2 million square feet of
manufacturing space). 100% vertical company-owned manufacturing facilities.
Weaving factory,
Dye house,
Plating factory,
Precision testing lab.
Slider Making.
Chain Making
Zipper Assembly
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OURVISION:
We Aspire to…
OURMISSION:
To conduct our professional dealings with honesty, integrity and within the highly
ethical and moral standards that we have set for ourselves.
To ensure the safety of all our employees by providing them with machinery that
has been specially adapted with their health and safety as a priority consideration.
To distance and disassociate ourselves from any supplier or other party who
benefits from or makes use of child labor practices.
To positively contribute to the development, motivation and success of all our
stakeholders by putting in place systems that are designed to develop our employees to
their full potential.
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Our worldwide network and distribution facilities mean that our customers get
consistent quality worldwide. Our staff is always focused on one goal i.e. customer’s
satisfaction. Our expertise in customization is unmatched—from custom color matching,
to unique sliders and pulls, we can create nearly any zipper our customers require. We
develop new molds and special custom tapes usually in 3-4 weeks. IDEAL is a large
company we embody the family values of integrity and service; in other words, large
company expertise with small company attentiveness. At IDEAL we are committed to
excellence and doing everything in our power. If you need it than we can build it, nothing
is impossible for our team to ensure success.
Integrity: Our world is our bond and our products prove it.
Relationship: Time, Care, Commitment. Our business relationships are the corner
stone of our success.
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1.4 ORGANIZATION CHART:-
EXPLANATION:
This is the organizational chart for this company. Under the chief executive
officer have the five separate departments like Marketing Plant Head Quality Personnel
and Stores & Purchase then under the Plant. The last level is under the Production have
five departments like Textile Processing, Metal Chain, Assembly and Painting.
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CHAPTER-2
PRODUCTION DEPARTMENT
Tambaram, Chennai,
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2.2 PLANT LAYOUT:
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2.3 PRODUCTION PLANNING CONTROL:
Production planning control is required for scheduling, dispatch, inspection,
quality management, inventory management, supply management and equipment
management.
Production control ensures that production team can achieve required production
target, optimum utilization of resources and quality management of cost savings.
POLYESTER ZIPPER:
The key elements required for making a zipper is a stringer which consists of a
tape and teeth assembly, a slider to open and close the zipper and a tab to pull the slider.
METAL ZIPPER:
The stringer is made by passing a wire through a rolling mill to form a Y shaped
wire.
The tooth is then punched into a scoop with a die and is put in a slot on a rotating
turntable.
PLASTIC ZIPPER:
In the first method, a round plastic wire is fed in between two heated screws.
In the second method, both left and right spirals are made from the same machine.
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2.3.2 MACHINERY DETAILS:
The supply of zippers, sliders, and zipper making material. Customized zippers
and sliders are available.
Zipper and slider making machine, all relevant spare parts, moulds and
equipment.
Special requirements for zippers and sliders are available by advanced order. Such
as colorfastness, AZO free, nickel free, low lead… etc
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ZIPPER MACHINE
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ZIPPER CHAIN FORMING MACHINE
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CLOTH SWEING MACHINE
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2.3.3 TYPES OF PRODUCTION SYSTEM:-
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Plastic Molded Zippers
Polister Zippers
Metal Zippers
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POLISTER ZIPPERS
METAL ZIPPERS
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This will define the process flow chart for the company how it manufactured from
starting to an end. So that we can easily identify the process how a zipper is
manufactured which the process is based on all of the departments which represented in
the organizational chart. In this flow chart first it has the store and textile. Storing the raw
materials will be useful for the production process so the materials have been stored then
the textile process they will be having the colors based on the customer choice the color
will be chosen for the manufacturing in the textile processing.
In the textile processing they will be dieing the colors then it will be send for metal chain
process in this the tap like structure will be made and in that they will be having close end
and open end zips then it as metal finish process and then assembly after that inspection
in this the damage pieces will be rejected then the quality will be measured and finally it
will be send to dispatch.
STORES TEXTILES
CFC TEXTILES
PROCESSING
METAL
CHAIN
METAL
FINISH
PAINTING ASSEMBLY
INSPECTION
QUALITY
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We are committed to achieve total customer satisfaction through vigorous involvement of
our workforce and continual improvements of our business processes.
Our quality policy and quality objectives will be reviewed periodically to ensure their
continuing suitability and to drive quality improvement.
We are always committed to work closely with our suppliers as they make the road for us
to achieve our mission.
With the commitment of top management and through the active involvement of all
employees continually improve the effectiveness of our quality management.
2.5 MAINTAINENCE:
The system department in the plant solved network problems as well as computer
problems. Regular backups were taken daily, weekly and monthly for providing
reliability in the SAP system.
Proper authentication was given to each department members using a user ID and
passwords.
Leave records, company timings, wages, salary, and bonus, are maintained in note
correctly.
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2.6 INVENTORY CONTROL & MANAGEMENT:-
Selective control
Spare parts
2.7 PURCHASE:-
IDEAL purchase only the slider machines and the all production inside the
company itself.
ZIPPER MATERIAL:
2) IDEAL has handled over 100 projects, both globally as well as in India and
is a leader in this space and hire over above 20-25 people every year.
SELECTION:
Both educated and uneducated
Age minimum 18 years should be completed
Training for the period of 6 to 1year
Medical certificate and school certificate to be submitted
Following the company rules
3.2 WAGES AND SALARY ADMINISTRATION:
Basic wage
Dearness allowance
Job knowledge
Quality
Quantity of output
Initiative
Supervision etc…
1.1 APPLICATION:
These Standing Orders apply to all persons who come within the definition of ‘Workman’
in the Industrial Employment ( Standing Orders) Act, 1946.
1.2 DEFINITIONS:
(b) “Management” means the Company’s Managing Director and includes all officers
to whom any of the functions, in relation to which the term used in these Standing
Orders, is delegated by the Managing Directors.
(d) “Leave Salary” means the amount paid to a workman for the period.
3.5 TRAINING AND DEVELOPMENT:
Assess the need for providing the training of that particular program
Sending suitable candidate/s concerned in that particular stream or area for the
program.
They also maintain monthly training programmers were conducted to develop the
employee’s knowledge in the job.
In company efforts.
Out company efforts.
Factory visits.
Apprenticeship training.
In plant training, project work
CHAPTER-4
FINANCE DEPARTMENT
4.4 BUDJETING:
Budgeting is an important component of financial success. It's not difficult to
implement, and it's not just for people with limited funds. Budgeting makes it easier for
people with incomes and expenses of all sizes to make conscious decisions about how
they'd prefer to allocate their money. It can also help people save for retirement,
emergencies, a new car or just about anything.
Further the Company tied up long term foreign currency loans equivalent to
approximately USD 25 Billion, half of which was drawn during the year, the balance
to be drawn in 2016.
2. OE Customers:
For these customers, IDEAL is paid by the bank on the date of invoicing and the
customers pay to the bank on due date as per terms of credit sales. Bank financing
charges at an agreed rate of 9% is borne by IDEAL.
3. Tender Sales:
Maximum of 45 days credit are extended for these customers. Credits are secured
by LC or bank guarantee if it is felt necessary.
4.11 COSTING:
TheMinistry of Corporate Affairs (MCA) has introduced The Companies (Cost
Audit Report) Rules, 2015 vide its notification no GSR 430(E) dated June 3, 2011. These
rules make it mandatory for industries to appoint a Cost Auditor within 90 days of the
commencement of the financial year. The Cost Audit Order No. 52/26/CAB/2010 dated
January 24, 2016 covers engineering machinery (including steel products & Machinery
spare products) due to which some of the Company’s manufacturing operations will get
covered W.e.f. April 1, 2016.
CHAPTER-5
MARKETING DEPARTMENT
The word “product” implies either a physical object or service rendered to customers.
The first component in 4Ps of marketing mix is “product”. This includes many attributes
such as variety, quality, design, features, brand name, packaging, size, service, warranty,
repairs etc. Each and every product in market is having its own product lifecycle. This
life cycle will have both boom and doom stage. To be a key player in market IDEAL are
having their own research and development team operating in many parts of the country.
Continuous process of product development and innovations keep it as lively players in
market.
Pricing is an important indicator which decides the bottom line of any organization. The
major attributes of price are list price, discounts, allowances, payment period, credit
terms etc..
This is a highly significant aspect in arriving at the selling decisions. Many factors are
involved in explaining place few of them are medium, area covered, place where the store
is located, goods transit etc. They are well conscious about their places of trade and
studying the market for many years, confining the new brands to enter the market place.
5.5 SEGMENTATION:
A market segment is a small unit within a large market comprising of like minded
individuals.
A market segment comprises of individuals who think on the same lines and have
similar interests.
The individuals from the same segment respond in a similar way to the
fluctuations in the market.
5.6 TARGETING:
Criteria size
Difference
Money
Accessible
This strategy is concerned with creating business through developing new markets
with existing products in hand. The major brands are using this strategy to capture new
and unexplored sectors without creating new products. They are now shifting their focus
from urban to rural markets and smaller towns. They are capturing the market of small
masons and engineers in rural areas.
Product development deals with producing new products for the existing customer
base. These Industrial companies have vastly capitalized on this strategy by constantly
coming up with newer products.
Diversification Strategy:
As the strategic planners we have decided to use the Porter’s generic strategy to
understand what would be our strategy move to enter this particular industry. The scope
of the Industrial industry is narrow as there are many players in the market.
Brand well
Cents-off deal
Price-pack
Coupons etc….
CHAPTER-6
CONCLUSION
Employee motivation is a very important concept in every organization. Each and
every employee is considered as a valuable asset in the organization. Organization work
out a strategy of combining intrinsic and extrinsic rewards for individuals and teams.
Training is offered to boost expectancy and linking valet our comes to high performance.
The employees in IDEAL FASTENER are satisfied and highly motivated in their jobs.
Understanding employees needs and building their skill and confidence leads to
motivation and trust. Devoted and loyal employees are rewarded by giving trophies and
other forms and recognition. The problem with human relations is this undue reliance on
social contacts at work situation for motivating employees. Social contacts, though
desirable by themselves will not help motivate workers. Managers should be sensitive to
individual difference. Employee should have firm, specific goals, and they should get
feedback on how well they are fairing in pursuit of those goals.
WEBSITES REFFERED:
http://www.hrsdc.gc.ca/en/cs/sp/hrsd/prc/publications/research/2000-
002584/page03.shtml.
http://www.mckpeople.com.au/Sitemedia/w3svc161/Uploads/Documents/2
aflel30-34a7-4c38-9415-b7fala52c.pdf.
http://www.referenceforbusiness.com/small/Di-Eq/Employee-
Motivation.html#ixzz2MjJ6PHfl