Customer Satisfaction Level On Asian Paints
Customer Satisfaction Level On Asian Paints
Customer Satisfaction Level On Asian Paints
PROBLEMS IDENTIFICATION
The problem considers for the study customer satisfaction level
on “Asian Paints’’ at chelodid town.
OBJECTIVES
1. To identify the present position of “Asian Paints’’
2. To find out the awareness about “Asian Paints’’ in the market.
3. To examine the buying behavior of customer about “Asian
Paints’’
SCOPE OF STUDY
The study is limited in chikodi town only. The research is also
including the customer’s response & interest of the different paints.
K.L.E Society’s G.I.Bagewadi Arts, Science and Commerce college, NIPANI Page 4
Customer satisfaction level on “ASIAN PAINTS’’ Asian paints
METHODOLOGY
There are two types of data collection method which are as
follows.
1)Primary Data
2)Secondary Data
Explanation:
1)Primary Data: It is a data which is conducted by the researcher
himself
2)Secondary Data: It is data which has been collected by someone
else and it is by the researcher for his study purpose.
Methodology refers to the method used to conduct the study
and analysis of data.
a) Research Design:
The type of study is explanatory.
b) Sources of data:
The field of work mainly includes interaction with present
students.
c) Data collection method: Direct Personal Interview Method
The data collected through questionnaire. Questionnaire
was used as one of the instruments to collect the required data and as
a guide to interview the target customers.
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Customer satisfaction level on “ASIAN PAINTS’’ Asian paints
SAMPLING PLAN
Sample Unit:
Students, Business man, Professions and house holders.
Sample Size:
From the chikodi city 25 respondents were selected for the
study.
1. Businessman 09
2. Professional 02
3. Employees 06
4. Formers 01
5. Others 07
Sample procedure:
Non probability sampling procedure.
Contact Method:
Personal interview method.
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Ticker : 500820
Exchanges : OTH
2009 Sales : 52,589,000,000
Major industry : Chemicals
Sub industry : Paints & Resian manufactures
Country : INDIA
Employees : 4260
Business Description
Asian Paints Limited. The Group’s principal activities are to
manufacture and market paints. The Group also manufacture
Phthalic Anhydride and Pentaerythritol. The Group operates in
Australia, Fiji, Solomon Islands, Tonga, Vanuatu, mynamar, china,
Thailand, Malaysia, Singapore, Bangladesh,Nepal, Srilanka,
Bahrain, the UAE, Oman, Barbados, Jamaica, Trinidad Tobago,
Egypt, Mauritius and Malta. During the year ended 31-Mar-2009,
the Group acquired 49% stake in Asian Paints (Tonga) Ltd.
Asian Paints
Asian Paints is an Indian based company and having 29
manufacture bases in 21 countries and five regions. It is largest and
Asia’s 3rd largest Paints company. It has five corporate brands
operating across the globe, they are – Asian Paints, Berger
International, SCIB Paints, Apco Coatings and Taubmans.
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Activities:
Asian Paints offers a wide spectrum of services in the following
areas-
Decorative – under this segment it offers Painting Guide, Painting
solution, Paint Calculator and Paint Selector as value added
decorative service.
Industrial – Asian Paints offers 4 types of industrial coatings such
as-
Protective coating – protects steel and concrete structure from the
corrosive action of harsh climates, pollution, sea spray, acids, oils,
and solvents.
Road markings – are used as road markers for lane as indicator of
lane separation and also as safety markers. They include ordinary
road marking paint, hot applied retro-reflective thermoplastic
material and retro-reflective water borne paint.
Powder Coating- is used enhance the performance of industrial
paints.
Floor Coating- such paints protects the floor surface and prevents
crack formation, insect nest formation, water seepage etc.
Automotive- It includes wide range of motor bikes and car paints.
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Performance:
Asian Paints had a turnover of Rs 30.2 billion (around USD
680 millions) in the last financial year. Net income of the group rose
to Rs 10078.62 millions as on September 06. Net Profit of the group
increased to 827.3 millions as on September 06.
Corporate Citizenship
While working towards enhancing customer experience we at
Asian Paints, look at the bigger by being aware about environmental
hazards. All our manufacture plants and unite are certified safe.
Group Subsidiaries
Currently, South Asia, South East, South Pacific, Middle East
& Caribbean region are covered through five corporate brands viz.
Asian Paints, Berger International, APCO Coating & Taubman’s
respectively
Financial Results
Our working style is inclusive and we show transparency in
our dealings. Presenting, the annual reports with information that
keep you informed and help you make decision.
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Colour Matchmaking
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Milestones
1945
The Company was incorporated as a private limited
company under the name of Asian Oil and Paint Company Pvt. Ltd.
It was converted into a public limited company in 1973. The
company manufactures a wide range of surface coatings catering to
different end-uers. It also manufactures vinyl pyridine latex used in
the manufacture of rubber tyres.
The company expanded its products range, developed its
own technology, set up a distribution network penetrating in smaller
towns and ploughed back a large part of earnings into creation of
new facilities.
1965
The name was changed from Asian oil and Paint company
Pvt. Ltd. To Asian Paints (India) Pvt. Ltd.
1974
A major modernization programmed was undertaken to
streamline the paint production facilities by improving the layout of
machines, addition to balancing equipment and replacement of old
machinery. The company embarked on phased modernization of
resin manufacturing facilities as well.
The Bhandup plant of the company is reportedly the largest
single paint factory in the country and one of the most up-to-date
with sophisticated machinery and equipment for manufacturing a
wide range of paints and other products besides adequate resin
manufacturing capacity to meet its entire requirements.
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1975
Bonus Equity shares issued in the prop. 1:2 in 1961, 1;3 in
1962, 1:1 in 1966, 1:2 in 1969, 2:3 in1971 and 1:2 in 1975.
1978
Rs. 1,00,000 bonus Equity shares issued in the prop. 2:3
1980
50,000 unclassified shares classified as preference shares and
issued. They are redeemable during the period 30.6.1987/1990
1982
The main objects of the public issue of capital during august
were to fulfill the listing requirements of the Stock Exchange and to
provide part of the finance for the increased operations.
1983
Equity shares subdivided. Rs.10,00,000 Bonus shares issued
ibn prop. 2:5, 16, 85, 185 No. of Equity shares issued (prem. Rs 13
per share) through prospectus in august 1982. Out of these, 84259
shares and 33,704 shares were reserved for preferential allotment to
the employees and the business associates of the company
respectively. 15, 67,222 shares offered to the public of which
4,21,296 shares were offered to NRIs on repatriation basis.
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1985
The Company undertook to set up a third paint unit at
Patancheru, a notified backward area near Hyderabad, for the
manufacture of 15,000 MT of paints and enamels.
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1988
The company issued 9,00,000 – 14% secured non-convertible
debentures of Rs 100 each to ICICI, UTI, LIC, GIC, NIC, New India
Assurance Company Ltd., Oriental Insurance Co., Ltd and United
India Insurance Co., Ltd. On private placement basis. These
debentures are redeemable in five equal instalments on the expiry of
5th, 6th, 7th, 8th, and 9th, year from the date of allotment at a premium
of Rs 5 per debenture.
1989
A scheme of arrangement was finalized for vesting of the
assets and liabilities of the Company’s Apcotex division with
Apcotex Lattices Ltd. (ALL). As per the scheme of arrangement, one
equity share of Rs 10 each of ALL was allotted without payment in
cash to the shareholders of Asian Paints (India) Ltd., for every 13
equity shares held by them in the company, i.e., Asian Paints (India)
Ltd.
The first phase of the project with an initial installed capacity
of 16,000 tones per annum was commissioned during the year.
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1990
Asian Paints (South Pacific) Ltd., in Fiji and Asian Paints
(Tonga) Ltd., are two joint venture set up abroad with the company
supplying the necessary know-how. Both these are the company’s
subsidiaries and the equity participation by the company amounted
to 51% in the former and 25% in the latter as at 31st, December.
Asian Paints (South Pacific) Ltd., holds an additional 25% in the
equity capital of Asian Paints (Tonga) Ltd.,
The Company also set up two more joint ventures under the
names and styles of Asian Paints (Nepal) Pvt. Ltd., and Asian Paints
(S.I) Ltd., both of which are subsidiaries of the company.
The company had set up a joint venture unit Asian Paints
(Vanuatu) Ltd., for the manufacture of Paints and enamels in the
pacific Island of Vanuatu. The Vanuatu company had issued 54,000
ordinary shares of US each to the Company as fully paid-up shares
against the plant and machinery supplied.
1991
Pentasia Chemical Ltd., became a subsidiary of the company.
Pentasia Investments Ltd., is a subsidiary of the company. – the
company acquired 19,10,000 equity share of Rs 10 each capital of
Pentasia Chemicals Ltd., from TIDCO in May. Consequently, PCL
became a subsidiary of the Company.
The company issued 5,00,000 – 17.5% secured non –
convertible redeemable debentures of Rs 100 each aggregating to Rs
500 lakhs to unit trust of India on private placement basis. These
debentures are redeemable in three equal instalments on the expiry
of 6th, 7th, and 8th, years from the date of allotment at a premium of
Rs 5 per debenture.
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1992
74,66,666 bonus equity shares issued in prop. 3:5.
1993
Sales of phthalic division was lower due to planned shutdown
of the plant for 25 days and also due to lower selling prices. – The
Company undertaken to set up a joint venture unit along with its
overseas subsidiaries, in Queensland, Australia for manufacture of
paints, enamels and varnishes.
The Company was to invest a 9,00,000 in the share
capital of Asian Paints (Queensland) Pvt, Ltd., a joint stock
company, Australia.
1994
The company proposed to expand its existing capacities for
the manufacture of paints and enamels to 50,000 tones per annum at
each of its plants in Ankleshwar, Patancheru and Kasna.
The company placed before the operating agency
approached by BIFR, the proposal to amalgamate with itself Pentasia
Chemical Ltd.
1995
Pantasia Chemical Ltd., (PCL) was merged with the
company. The assets and liabilities of the invest while PCL are
invested with the company with effects from 1.10.1994.
The company undertook to set up a joint venture unit for
the manufacture of paints, enamels and varnishes in the Republic of
Mauritius. The joint venture involves a total cost of 1,83, 00,000
Mauritius rupees of which 49% will be financed by the company and
the balance from Mauritian parties.
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2003
Board recommends issue of bonus shares by capitalization
of Reserves in the ratio of 1 equity share for every 2 equity shares
held on the record date.
Asian Paints, via its Singapore-based subsidiary- Berger
International- inks a technology and brand licensing agreement with
PT Abadi Coatings Solusi, an Indonesian paint company.
Shareholders approve the scheme of Arrangement proposed
to the made between Pentasia Investment Ltd with Asian Paints
India and the consequential reduction of share capital of Asian Paints
India Ltd.
Berger International starts restructuring exercise to curtail
cost Acquires Taubmans Paints (Fiji) Ltd. Through its subsidiary in
Fiji, Asian Paints (South Pacific) Ltd (APSP) Acquisition of 9.2%
shares in ICI India Ltd.
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2005
Berger Intl partners with Filipino firm Dutch Boy
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Research
Finding
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25
20
15
25
10
0 0 0 0
0
Asian Ustav Beoger's Royal Other
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Quality 11 44
Price 04 16%
Brands 10 40%
Others 0 0%
Total 25 100%
The above graph shows that the 44% of respondents purchase the
“Asian Paints” by quality, 16% by price, & 40% by brand
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3. The following table shows that how the customers come to know
about “Asian Paints”.
Others 2 8%
Total 25 100%
50
4544
40
35
32
30
25
20
16
15
10
8
5
0
T.V ad's News papers Parent Category 4
The above graph shows 44% of respondent are know about “Asian
Paints” by T. V Ad’s, 32% by newspapers, 16% by parent &
remaining 8% by others.
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60%
50%
40%
30%
20% 16%
12%
10%
0%
Low Medium High
PRICE
The above graph shows that the 72% of respondents told that the
price of “Asian Paints” is medium, 16% of respondents told high and
remaining 12% respondents told low.
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COMPARISON
COMPARISON
60%
52%
50%
40%
40%
30%
20%
10%
4% 4%
0%
Excellent Good Neither Good NorBad Poor
The above graph shows that the 40% of respondents told that the
compared to others “Asian Paints” is excellent, 52% of respondents
told good, 4% told neither good nor bad & remaining 4% of
respondents told poor.
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OPINION
60%
50% 48%
40%
36%
30%
20% 16%
10%
0%
0%
Good Very Good Better Bad
OPINION
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Effective 1 4%
No effect 0 0%
Total 25 100%
Advertisement Opinion
80%
76%
70%
60%
50%
40%
30%
20%
20%
10%
0%
0% 4%
Informative Attractive Effective Category 4
Advertisement Opinion
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YES
92%
YES NO
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No 11 44%
Total 25 100%
If no availability
44%
56%
Yes No
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Draw Back
Yes
No
100%
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Yes 23 92%
No 02 8%
Total 25 100%
Satisfaction
8%
92%
Yes No
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Rating
100%
90%
80%
70%
60% 40% 44% 16%
50%
40%
30%
20%
0% 0%
10%
0%
Very Good Good Neither Good Nor Bad
bad
Rating
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TESTING OF HYPOTHESIS
Ho: 92% of respondents are satisfied by “Asian Paints”.
Solution:
X= 42
N= 50
P=x/n= 42/50=0.84
P = 92% =0.84
Q=1-p
=1-0.92
=0.08
k = 1.96
Suggestion
s
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SUGGESTIONS
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CONCLUSION
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Time:
Cost:
Bibliograp
hy
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BIBLIOGRAPHY
¶ Principal of Marketing
By Philips Kotler
¶ Statistics Technique
By Raj Mohan
¶ www.asianpaints.com
¶ www.asianpaints.co.in
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Annexure
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QUESTIONNAIRE
I, Mr. Pravin M Kambale student of K.L.E Society’s
G.I.bagewadi Arts, Science and Commerce college, NIPANI. I am
studying in M.com IV semester. I have undertaken a research survey
on “Customers Satisfaction level” on “ASIAN PAINTS” at Chikodi
town, which is part of my academic purpose.
So, I kindly request you to provide the information, which
is related to my research. I assure you that the information provided
will be kept confidential and used only for study purpose.
Place:
Date:
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