The document provides information about the Indian cotton textile industry. It states that India is the world's second largest producer and exporter of textiles and garments, employing over 45 million people. The industry contributes significantly to India's GDP and exports. It also details the size and market value of the industry as well as employment figures. Specific companies in the cotton spinning sector are mentioned along with their spindle capacities. Domestic production and foreign exports of textiles from India are also summarized.
The document provides information about the Indian cotton textile industry. It states that India is the world's second largest producer and exporter of textiles and garments, employing over 45 million people. The industry contributes significantly to India's GDP and exports. It also details the size and market value of the industry as well as employment figures. Specific companies in the cotton spinning sector are mentioned along with their spindle capacities. Domestic production and foreign exports of textiles from India are also summarized.
India is the one of the world's largest producers of textiles and garments. Abundant availability of raw materials such as cotton, wool, silk and jute as well as skilled workforce have made the country a sourcing hub. It is the world's second largest producer of textiles and garments. The Indian textiles industry accounts for about 24 per cent of the worlds spindle capacity and 8 per cent of global rotor capacity. The potential size of the Indian textiles and apparel industry is expected to reach US$ 223 billion by 2021, according to a report by Technopak Advisors. The textiles industry has made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings. The sector contributes about 14 per cent to industrial production, 4 per cent to the gross domestic product (GDP), and 27 per cent to the country's foreign exchange inflows. It provides direct employment to over 45 million people. The textiles sector is the second largest provider of employment after agriculture. Thus, the growth and all round development of this industry has a direct bearing on the improvement of the Indias economy.
1.2 MARKET SIZE
The Indian Textile industry occupies an important place in the economy of the country because of its contribution to the industrial output, employment generation and foreign exchange earnings. At present, the contribution of the textile industry to GDP is about 4 percent. The textile industry provides direct employment to about more than 35 million people and is the second largest employment provider in India after agriculture Of this, textile industry alone accounts for 29 million and the apparel industry accounts for balance 6 million people.
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Sector Units Volume (2004-05) Employment (Million) Organised Textile Mills 1789 1.5 bn sq.mtr 1.0 Power loom 0.4 million 28.3 bn sq.mtr 4.8 Handloom 3.5 million 5.7 bn sq.mtr 6.5 Jute - 1.6 mn tonnes 4.4 Handicrafts - - 6.4 Sericulture - - 6.0 Source: Ministry of Textiles Table No 1.1 Sectors of Textile Industry contributes in employment With exports as well as domestic sector growing rapidly the Textile and Apparel Industry is expected to provide direct employment to 40 million people by year 2010.Size of the Indian Textile and Apparel Industry is estimated to be US $ 85 bn comprising US $ 45 bn in domestic and balance in exports by 2010. The contribution of this industry to gross export earnings is about 17% and it adds less than 2 % to the gross import bill of the country in 2004-05. The textile industry is a self -reliant industry from the production of raw materials to the delivery of final products with considerable value addition at each stage of processing. The industry was delicensed in 1991 and under the current policy no prior government approval is necessary to set up textile mills. The per capita cloth availability in the country has increased from 22.87 square meters in 1991-92 to 33.51 square meters in 2004-05. YEAR COTTON BLENDED/MIXED FABRICS 100% NON- COTTON FABRICS TOTAL 1991-92 13.71 2.90 6.26 22.87 1992-93 15.57 2.57 6.36 24.50
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1993-94 15.92 3.58 6.72 26.22 1994-95 15.24 3.27 7.47 25.98 1995-96 16.32 3.48 8.19 27.99 1996-97 16.24 3.98 9.08 29.30 1997-98 15.94 4.57 10.41 30.92 1998-99 13.07 4.13 10.99 28.19 1999-00 14.16 4.48 11.91 30.55 2000-01 14.22 4.50 11.96 30.68 2001-02 14.82 4.69 12.46 31.97 2002-03 14.40 4.38 12.59 31.37 2003-04 13.41 4.51 13.09 31.01 2004-05 14.08 4.11 15.32 33.51 By O/o the Textile Commissioner Source: The Cotton Textiles Export Promotion Council Table 1.2 Per capita cloth availability in the country from 1991- 2005
1.3 SPINNING COMPANIES IN INDIA
The spinning industry is dominated by large units and it has been able to undergo significant modernization since the 1990s. The main factors behind the modernization include lowering of custom duties and other restrictions on imports of machinery and equipment and lowering of restrictions on imports and exports of raw cotton and yarn.
This becomes clear as units belonging to cotton and synthetic spinning in terms of value added accounts for 22.4 per cent in the total value added in textile and clothing sector. The high share in value added compared to units is mainly because of dominance of medium and large units in spinning sector. The share of large units in total value addition in cotton and synthetic spinning sector accounts for 86.1 per cent.
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Company Capacity Vardhaman Group 10,00,000 Spindles Nahar Group 8,20,000 Spindles Bannari Amman Spinning Mills Limited 2,20,000 Spindles Sangam Group 1,93,920 Spindles Malwa Cotton Spinning Mills 1,40,000 Spindles Samba dam Spinning Mills Ltd 1,10,000 Spindles Table 1.3 Large spinning mills in India with their spindles capacity There are1834 cotton/man-made fibre textile mills (non-Small Scale) in the country with 37.07 million spindles, 4, 89,718 rotors and 56,524 looms.
1.4 DOMESTIC PRODUCTION India is the second largest producer of fibre in the world and the major fibre produced is cotton. Other fibres produced in India include silk, jute, wool, and man-made fibbers. 60% of the Indian textile Industry is cotton based. The strong domestic demand and the revival of the Economic markets by 2009 has led to huge growth of the Indian textile industry. In December 2010, the domestic cotton price was up by 50% as compared to the December 2009 prices. The causes behind high cotton price are due to the floods in Pakistan and China. India projected a high production of textile (325 lakh bales for 2010 -11). There has been increase in India's share of global textile trading to seven Percentage in five years. The rising prices are the major concern of the domestic producers of the country. 1.5 FOREIGN EXPORTS
The textiles industry accounts for 14% of industrial production and accounts for nearly 12% share of the country's total exports basket. The Government fixed the target for 20011-12 at US $ 26.55 billion an increase of 20% over the actual performance of US$ 22.14 billion in 2010-12, for export of textiles. However, no targets were fixed for 2009- 2010.At present, Indian textile industry holds 3.5 to 4 Percentage share in the total textile production across the globe and 3% share in the export production of clothing.USA is known to be the largest purchaser of Indian textiles. Nearly half of Indian export was accounted by eight countries namely Bangladesh, Egypt, China, Portugal, Italy, Turkey, Iran and South Korea Russia (In order of export value). Last year, the proportion was accounted by only seven countries namely Turkey, Bangladesh, Brazil, Egypt, Italy, South Korea.
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CHAPTER 2 : NAHAR GROUP OF COMPANIES
2.1 INTRODUCTION NAHAR Group of Companies also known as OWM Group is a leading industrial house of northern India, continuously growing and diversifying its activities for economic prosperity of its shareholders and stakeholders, while engaging itself to the well being of Community and environment. Emanating in 1949 as an small woollen worsted spinner and Hosiery manufacturer, Group has grown itself as leading textile giant of Northern India manufacturing 1. Woollen products like Pullovers, Cardigans, Shirts, Coats, Baby Suites, Mufflers, Shawls, Blankets, Knitting Wool, etc . 2. Cotton/ Blended Knitted Hosiery Pullovers, T Shirts, Baby Suites, Ladies Tops, Winter Thermals, Tracksuits, Jackets, Hoodies etc. 3. Yarn of all types, woollen, woollen blended, Cotton, Polyester Cotton, Other Blended, Compact Yarn, Mercerized Gassed Yarn, Organic Cotton Yarn, etc. 4. Woven Fabric for shirts, trousers as well as Denims etc.
In addition to these major activities, Group is diversifying into new areas and as on date Group is engaged into Sugar Manufacturing, BOPP film, Investments, Lending, Financial Advisory, Solar Power Generation, Wind Mills and Non-Conventional Co- Generation Power Plant.
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2.2 HOW NAHAR BORN
As they are 3 brothers divide their business and form new companies
OWM (1949) Sh. Lala Vidya Sagar Sh. Lakshman Das Sh. Lala Ratan Chand Sh. Lala Vidya Sagar Sh. Lakshman Das Sh. Lala Chand Oswal Group Vardhman Sh. Jawaharlal Oswal Sh. Abhey Oswal Sh. Jangilal Oswal Neelam Oswal Nahar group of companies / OWM Oswal petro. chem. Ltd. Malwa / Oswal group Sh. Kamal Oswal (Vice Chairman & Managing Director) Sh. Dinesh Oswal (Managing Director)
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Fig 2.1 Nahar Group of Companies and Brands
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2.3PRODUCTS Textiles Oswal Woollen Mills Limited Nahar Industrial Enterprises Limited Yarns Nahar Spinning Mills Limited Nahar Industrial Enterprises Limited Oswal Woollen Mills Limited Woven Fabrics & Garments Nahar Industrial Enterprises Limited Oswal Woollen Mills Limited Knitwears & Garments Nahar Spinning Mills Limited Monte Carlo Fashion Limited Cotton County Retail Limited PolyFilms Nahar Poly Films Limited Sugar & Other Products Nahar Industrial Enterprises Limited
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CHAPTER 3 : COMPANY PROFILE
3.1 ABOUT COMPANY
Nahar Spinning Mills Limited Started out as a tiny worsted Spinning & Hosiery unit in Ludhiana. It was incorporated as a Private Limited company in December, 1980 and became a Public Limited Company in 1983. The steady growth in manufacture and Export of woollen/cotton hosiery knitwears and woollen textiles enabled the company to earn the recognition as an "Export House" followed by a "Recognized Trading House" by the Government of India in a short span. Its turbo-charged performance brought them a host of fresh laurels. They include the "National Export Trophy" by the Apparel Export Promotion Council. The latest is the Gold Trophy for highest Exports of Yarn 50s & below in Yarn Category by TEXPROCIL for the year 2010-2011 and 'AEPC Export Awards for Highest Exports in Cotton Garment in the year 2008-09 and 2009-10. In 1992, as a measure of backward integration, the company diversified into the Spinning Industry by putting up a Spinning Plant at Village Simrai, Mandideep, Distt. Bhopal. To produce high quality value added Yarn for exports, company also put up Spinning Units at Village Jalalpur, Distt. S.A.S. Nagar, Village Jodhan, Distt. Ludhiana and Village Jitwal Kalan, Distt. Sangrur, Punjab. The present spindle capacity of the company is 4.42 laces spindles and 1080 Rotors. Simultaneously the company also established an ultra-modern facility to manufacture 12.5 million pieces of Hosiery Garments. Today, Company's products i.e. T-Shirts are being exported to reputed international brands such as GAP, Arrow, Old Navy, Banana Republic, Chaps etc. The steady growth in manufacture & export of woollen/cotton hosiery, knitwears & woollen textiles enabled the company to earn the recognition as an export house followed by a
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recognized trading house by the government of India in a short span of 8 years. Its turbo- charged performance brought them a host of fresh laurels they include the national export trophy and "gold trophy" by the apparel export promotion council and "gold trophy" by 'cotton textile export promotion council' in recognition of its excellent export performance. Simultaneously the company also established an ultra modern facility to manufacture 12.5 million pieces of hosiery garments. Today nahar spinnings t-shirts are being exported to reputed international brands such as gap, arrow, chaps, old navy, Pierre, Cardin, Philips Vanheusen. As a measure of further value addition nahar spinning has put up a plant for the manufacture of fine count mercerized yarn & fabrics catering to both, the domestic hosiery garment market as well as export markets. To make use of the emerging opportunities on the global textile scenario and also to have a focused business approach, the company went in for the scheme of demerger and arrangement to restructure its businesses. The scheme was approved by the hobble punjab & Haryana high court vide its order date. 21st December, 2006. As per the scheme, companys investment activities stand demerged and transferred to nahar capital and financial services limited. This has drawn a visible line between two segment i.e., one industrial (textile) business and secondly investment and financial activities. Further as per the scheme textiles business of nahar exports limited stand demerged and transferred to the company (post demerger of investment business) in accordance with the terms of the scheme. Thus upon implementation of the scheme the spindlage capacity of the company stand increased to 3.46 spindles. The company's mantra "world is our markets" is truly reflected in its operations. The company is one of the largest integrated textile player in India.
9 Kanwar Sain Maini Non Executive & Independent Director
6 Amrik Singh Sohi Non Executive & Independent Director
7 Yash Paul Sachdeva Non Executive & Independent Director
3.3 AWARDS & ACHIEVEMENT 2013 - The Cotton Textiles Export Promotion Council (TEXPROCIL) awarded Gold Trophy for Highest export of Cotton Yarn (Counts 50s and below). Installed Capacity of 424000 spindles ISO-9002 certified Golden Trading House Installed Capacity of Mercerizing plant - 4.5 M.T. per day Garment - 12.5 Million pieces TexProcil Gala Trophy for the largest manufacturer & exporter of cotton yarn for the last 5 years Nahar has won Prestigious Export Award for Highest Export of Cotton garments by Apparel Export Promotion Council (Sponsored by Govt. of India, Ministry of Textiles) for consecutive period of 4 years from 2006-07 to 2009-2010.
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3.4 MILESTONES
1980 Incorporated as a Private Limited Company
1984 Recognized as an Export House by Govt. of India
1985 Raises funds through maiden Public Issue to finance modernization & expansion
1988 Recognized as a Trading House by Govt. of India
1992 Turnover crosses the Rs.100 crore mark
1992 Set up a Spinning Unit with 50400 spindles. Raises capital through a Rights Issue.
1994 Increased spindlage capacity by another 25000 spindles.
1996 Receives ISO-9002 certification
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1999 Accorded Golden Trading House Status by Government of India
2000 Mercerizing-cum-dyeing plant and a 100% EOU Spinning Unit with 28224 spindles.
2004 The Cotton Textile Export Promotion Council awarded TEXPROCIL SILVER TROPHY to the company for its outstanding Export performance in yarns
2007 The Apparel export promotion council awarded AEPC achievement award to the company for achieving highest exports in garment. Highest export in cotton garment award by apparel export promotion Council.
2008 Apparel Export promotion council awarded Gold Trophy for achieving highest Export of Cotton Garments. Highest export in cotton garment award by apparel export promotion Council.
2009 The Cotton Textiles Export Promotion Council (TEXPROCIL) awarded Gold Trophy for highest export of Cotton Yarn (Counts 50s and below) Highest export in cotton garment award by apparel export promotion Council.
Turnover crosses Rs.1000 crore mark. Highest export in cotton garment award by apparel export promotion Council.
2010 Decides to increase capacity by adding another 90000 spindles. Highest export in cotton garment award by apparel export promotion Council.
2011 Gold Trophy for highest export of yarns having count 50 & below in yarn category. Bronze Trophy for highest export of processed yarns in yarn category. 2013 The Cotton Textiles Export Promotion Council (TEXPROCIL) awarded Gold Trophy for Highest export of Cotton Yarn (Counts 50s and below).
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3.5 MISSION/VISION MISSION We aim to meet the aspirations of our customers through our offerings of contemporary fashion and international quality at affordable prices. We look at every Indian as our customer and will operate on a Pan-India basis in Metro, Tier I, Tier II, and Tier III cities and towns. We will create a leadership position in this field by growing faster than competition. We will achieve our goals of customer satisfaction through product excellence and our growth objective through employee motivation and prudent policies for investor satisfaction. VISION 1. To be pro-active in assessing customer needs and to deliver quality product. 2. To grow as a leader ahead of the competition through internal performance achievements. 3. To stand by our commitments to our Vendors, Franchisees and Employees.
3.6 CERTIFICATES & AWARDS - Oeko Tex certificate
Fig 3.1 Oeko Tex certificate
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- Supima Cotton Certificate
Fig 3.2 Supima Cotton Certificate
The production facilities have been awarded :
ISO 9002 For Quality Systems Management from BIS and DNV (Netherlands)
IS 14002 Environment Certification form BIS and DNV (Netherlands)
Oeko-Tax Certification For Humano-Ecological form BTTG , U.K.
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3.7 PRODUCT RANGE OF THE COMPANY
YARN: Yarn division manufactures both combed and carded yarn besides polyester cotton and PVA yarn. Yarn division has developed a significant presence in the export market with its quality products. They are produced in the count range of NE 10 to 40 for application in knitting and weaving., which include: COTTON YARNS: 100% cotton yarn both carded and combed Blended yarn acrylic/cotton, polyester/cotton & cotton/viscose Mlange yarn polyester/cotton, cotton/viscose & cotton/acrylic 100% acrylic yarns both from wet and dry spun acrylic fibres
WORSTED YARNS Worsted woollen, woollen and acrylic brands.
DYED YARNS: Company is also manufacturing dyed yarn fiber dyed and Dyed yarn cotton, acrylic cotton and polyester cotton.
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FANCY YARNS: They are mostly in premium products. It is costlier than basic yarn. I is use thin three different yarns. One is for is for base, one is for effect and the other for binding. MERCERIZED YARNS: The company also manufactures mercerized yarns. FABRIC: 1. Grey dyed: 100% cotton and polyster cotton 2. knitted rib, fleece, PK sheeting 3. weaving plain woven twills, drill satin poplin and mats. GARMENTS: a) Woollen: they are manufacturing renowned Monte Carlo and CANTEBURY range of woollen knit wears i.e. pullovers, lady cardigans and all types of woollen garments. b) Cotton: shirts, t-shirts, pajamas, jogging suits, sweat shirts for internationally known brands.
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3.8 EXPORT MARKETS 1. Argentina 2. Brazil 3. China 4. Columbia 5. Chile 6. Czech Republic 7. Israel 8. Lebanon 9. Lithuania 10. Poland 11. Portugal 12. Peru and Turkey 13. United States of America 14. United Kingdom 15. Germany 16. Australia 17. Singapore 18. Dubai 19. Canada 20. Bangladesh.
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3.9 CLIENTS / CUSTOMERS
GAP Banana Republic Target Lee Armani Exchange A&F American Eagle - Decathlon MEXX Diesel Timberland Marks & Spencer Aigle Columbia Sportswear Oshkosh Tom Tailor Tommy Hilfiger Espirit CWF Next Calvin Klein Nautica Ann Taylor
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3.10 MAJOR COMPETITORS 1. Madhura Garments 2. Arvind Mills Arrow Allen Solly Peter England Elements 3. Indigonation 4. Van hausen 5. Local companies Duke Octave Vardhman (woolen) 6. Raymonds Parx John Player
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3.11 SWOT ANALYSIS OF NAHAR SPINNING MILL STRENGTHS:- Brand image of brands Monte Carlo and Cant bury is very strong the two brands achieved all time high turnover and reached best exhibited product award from IWS international wool secretariat successive year. Strategic positioning of its product as its products range from rupees 40 to rupees 300. Workforces are highly experienced maintained devoted, loyal and satisfied. Financial position of company is strong. Image of Nahar as a leading company in woollen industries. Good record of operations and turnover making profit continuous. WEAKNESS:- It has vulnerable information system which depend on distributors and agents who sometimes provide wrong market information. OPPORTUNITIES:- It may go for Kids product in HOSIERY, KNITWEAR etc. sector. Share of India in garments export bias increased and this certainly a green signal for hosiery. As currently looms wool yarns is being in market, the company has right to exploit the opportunities. THREATS:- It deals in seasonal business. It has to depend upon imparted wool and the supply of raw material is affected by the climate in supplier country. Large financial base, production base and better technology of MNCs are threat of domestic textile sector. Company is facing threat from the fake competitors like OSWAL WOOLEN MELA.
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CHAPTER 4 INTRODUCTION TO PROJECT DYED POLYESTER COTTON
4.1 POLYESTER COTTON: Polyester cotton is a fabric made of both the artificial polyester and the natural cotton. The blend is perfect for clothing as it brings both benefits of the two fabrics together. The fabric thus remains lightness and coolness of the cotton while still adding the strength and durability of the polyester Polyester and cotton are crucial materials in the fabric and garment-making industries because each has a number of useful characteristics. Poly-cotton blends are created by employing industrial weavers and looms to combine the two fibers; blend ratios typically range from 65 Percentage cotton and 35 Percentage polyester to a 50-50 mix. While these blends may have some cons, the far more plentiful pros mean that poly-cottons are ideal for artistically-minded craftspeople who enjoy making their own clothing, costumes.
4.2 CLASSIFICATION OF YARN
1. Blended Polyester Cotton Yarn: Such type of yarn in which different fibers are mixed/blended together in a certain fixed ratio for instance. Example: 52 % C 48 % P , 60% C 40 % P , 80% C 20 % P.
2. NonBlended Mlange Yarn: Yarn in which there are no different fibers blended together, but different colored Dyed of same type are used to make the yarn. Example : 100% cotton dyed yarn.
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4.3 ADVANTAGES OF DYED POLYESTER COTTON YARN:
Technology: Polyester Cotton yarn has unique dyeing process, and is highly technological in terms of fibre dyes, colour matching and mixed textile of multiple fibres.
Environmental: Dyeing fibre before spinning, thus can keep its energy saving, emission reduction and environmental protection.
Fashion: Polyester Cotton yarn can present multiple colours on one single yarn, which gives it rich colours, slenderness and tenderness. Textile made of polyester cotton yarn has a certain ambiguous cyclical effect.
Polyester Cotton Yarn is a much sought after yarn today. It is a blend of polyester and cotton in varied proportions. This particular yarn is well received by customers the world over, and it comes as little surprise, that this yarn represents true value for money. Nahar supplies several varieties of polyester cotton yarn. The yarn provided by us, is of the highest quality, and we make a sincere effort to deliver on all counts. Nahar supply Poly Cotton Yarn, with Ring Spun Carded and Combed cotton yarn, the best of which is prevalent in the market. The yarn is available in single and twisted form. This particular poly cotton yarn is used for knitting and weaving. The count range of the yarn that we supply is from NE 20/1 to NE 60/1. It is not at all surprising to see the end products from
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the yarn that we supply, exude a level of class. This is not a myth but a reality, since we provide only the very best. The poly cotton yarn commonly has a blend ratio of 50% polyester to 50% cotton. This yarn is also available in open end spun counts starting with Ne 8/1 to Ne 22/1. One also gets to see T/C and CVC colour polyester cotton yarn. This particular polyester cotton yarn is used for weaving, and also for knitting. The yarn is available in single and twisted form, and has a count range from NE 16/1 to NE 60/1. The \ Nahar can make available Poly Cotton Yarn in poly cotton blends such as: P/C 55/45, P/C 50/50, P/C 52/48, P/C 65/35, P/C 80/20. Two of the more frequently asked for blends in polyester cotton yarn are 65:35 and 52:48, up to Ne 40s count.
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CHAPTER 5 PURPOSE AND OBJECTIVE OF STUDY
5.1 NEED OF THE STUDY As Nahar the brand has a much diversified product portfolio. So it wants to indentify the product having more benefits for Nahar, so product can be manufactured according to the customers. The often reason is that Nahar Spinning Mills Ltd wants to plan for the future. As we know that future is uncertain so everyone has to plan for it.
5.2 SCOPE OF THE STUDY The scope of study i.e., TO ASSESS THE MARKET POTENTIAL OF DYED POLYESTER COTTON YARN , was limited to the Ludhiana city only.
5.3 OBJECTIVES OF THE STUDY 1.To study the market potential of dyed polyester cotton Yarn in Ludhiana 2. To determine the needs, wants and demand of customers. 3.To determine the area where the company is lagging behind. 4. To identify the Nahars competitors in the market and to understand their strategies. 5. To estimate the future demand projection for Dyed Polyester Cotton.
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CHAPTER 6 - RESEARCH METHODOLOGY AND LITERATURE REVIEW
6.1 RESEARCH METHOLOGY The research methodology enumerates the description of the sampling plan, research instruments used for collection of data, presenting of questionnaire and use of statistical tools and techniques for analysis of the collected data. The present study was conducted to study the market potential of dyed polyester cotton in Ludhiana, in addition to this I have also studied the customer satisfaction and projected demand of polyester cotton . This chapter gives us:
Research design Data collected methods Research Approach Sampling Techniques, Field work carried out, Limitations inherent in the project and finally coverage of the research work.
6.1.1 RESEARCH DESIGN The research design is a pattern or an outline of a research project working. It is statement of only the essentials of a study those provide the basic guidelines for the details of the project. The present study being conducted follows a descriptive research design, as the data would be responses from a sample containing a large no of sources. It is a cross section of the situation design of the descriptive studies including the nature and source of the data, the nature of the expected result and the analytical method. Keeping in view the objectives of the study, a structured and non-disguised questionnaire was prepared for collecting information from dealers. The question were of multiple choice types and there are also few open ended questions.
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6.1.2 RESEARCH TYPE AND GENERAL GOAL
The proposed research is the descriptive research which is conducted at the Nahar Spinning Mills. All the relevant secondary and primary data was collected. The project report is based on the To assess the market potential of dyed polyester cotton in Ludhiana The proposed research is developed from quantitative point of view. 6.1.3 DATA COLLECTION TECHNIQUE: Questionnaire is used to collect data from respondents.
6.1.4 DATA COLLECTION METHOD Both primary and secondary sources have been used to collect data. Primary Data: Potential and present customers were personally visited and interviewed on phone and data was collected with the help of questionnaire. The questionnaire is so designed as to contain appropriate number of questions and to satisfy all research objectives. The questionnaire contained both open ended and closed ended questions. Special care was taken to ensure that question were simple and did not lack clarity. Secondary Data: The secondary data was collected from brochures records and annual reports of the company.
6.1.5 RESEARCH APPROACH Survey Research approach is used.
6.1.6 SAMPLING PLAN Sampling is an effective step in collection of primary and secondary data and has a great influence on the quality of results. The sampling plan includes the population, sample size and sampling design.
6.1.6.1 POPULATION Population is finite number of element that the researcher is targeting in his study. Here the population for my study consists of all customers of Nahar Spinning Mills of Dyed Polyester Cotton in Ludhiana.
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6.1.6.2 SAMPLE UNIT The sample size consists of dealers of Polyester cotton yarn in Ludhiana.
6.1.6.3 SAMPLE SIZE Area concerned under this project is Ludhiana market. Total sample size is 25 customers.
6.1.7 ANALYSIS AND INTERPRETATION OF THE DATA: After the data was collected, it was compiled and classified and tabulated manually. Then the task of drawing interfaces was accomplished. Finally the result and follow up suggestions were given.
6.1.8 RECOMMENDATIONS TO THE COMPANY: The major findings of the research project that might be useful in reformulating the marketing strategies were reported to the Company. These are presented later in the report.
6.1.9 LIMITATIONS OF THE STUDY 1. The sample size of the market was not big. It is hard to say that it would represent entire population. 2. Some respondents were very busy. So, I could not get much time for the discussion. 3. Respondents cant disclose their true information might be due to the competitors. 4. Some respondents have bad experience with Nahar so they give wrong information. 5. It was my first experience. Questionnaire was not good enough to get full information about study.
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6.2 LITERATURE REVIEW The present study reveals the comparison of physical properties of the polyester/cotton blended yarn with similar 100 % cotton yarn. The polyester cotton blend ratios of each category of yarn (30s, 40s and 50s) were 67:33, 50:50, and 33:67, respectively. For each individual count of yarn, it was observed from the test result that the properties of 50:50/polyester: cotton blended yarn showed very nearer property to the 100% cotton yarn. For Count(30s), 67:33/polyester: cotton showed very closer property to the 50:50/polyester: cotton blended yarn. It was also observed that for each count of yarns, which showed decreasing property with the increase of polyester in the blend. The quality characters depend upon the ratio of polyester and cotton in the blend. C Prakash & G Ramakrishnan (January 2012) The absorbent nature of polyester fibre has lead to its various applications in textiles. The focus is to optimize the quality of polyester/cotton blends. Therefore, study investigates the influence of polyester/cotton fibre blends in rotating blend ratios on the quality of yarns. The moisture regain capacity of polyester fibre was remarkably higher than that of cotton. However, the tensile strength decreases with increase in polyester share in blended yarn Ahmad. et al (June 2012) Yarns which are used for manufacturing technical textile products are known as technical yarns. These yarns are designed primarily to meet some technical requirements of a product. Yarns used for apparel are excluded. Technical yarns have been classified according to their structural form and the raw material used in their manufacture. Yarn geometry and response to tensile deformation are discussed. Properties expected from this structure and form are analysed. R. Chattopadhyay (2010) As the Need for innovation is increasing by every passing day due to the global competition and also todays consumer is seeking not just clothing but a clothing with a difference which not only has good appearance but is also durable and is climate specific. These things can be achieved by improving the spinning, weaving, and finishing efficiency. Rather than just producing cotton which is less durable than a fabric which is a blend of nylon/ wool/ cotton should be produced. Dr. Shilpa Charankar et al (Jan-Feb 2007)
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To determine the impact of polyester/cotton ratio on the quality characteristics of yarn. The quality characters depend upon the ratio of polyester and cotton in the blend and also on the blending technique adopted during fibre production to yarn spinning. The quality characters such as single yarn strength, yarn elongation and rupture per kilometre of yarn were directly proportional to the ratio of polyester with cotton in the blend. Shahid Saleem Shad & Iqbal Javed (November 2006 ) Polyester-cotton blended fabrics have the reputation of being difficult to flame retard. Treatments developed for flame retarding 100% polyester or 100% cotton fabrics do not seem to have the same effect when the two fibers are combined. Bernard Miller et al (December 17, 2005) As analyze, efficiency levels in the cotton textile industry before and after the reforms. The cotton textile industry is one of the oldest and most highly regulated of Indias industries. Liberalization increased overall welfare by increasing output in sectors with excess profits; allowing firms in sectors with unexploited scale economies to increase output; and by increasing technical efficiency, increasing competition and decrease market power. Second, it is expected that the domestic sector will become more efficient as firms exit the industry in the face of increased competition. Surviving firms, in their turn, may experience an increase in technical efficiency because liberalization increases competition. Uma S. Kambhampati (2003) India's Cotton yarn industry, concentrated in Ludhiana, recently survived two crisesthe collapse of its largest export market and the simultaneous opening up of the domestic market to freer trade. After an unusually short downturn, the cluster not only recovered rapidly, but is increasingly diversifying into more demanding and competitive external markets. Two factors are key to explaining this surprisingly resilient recovery. First, the best performing firms had a strong and simultaneous presence in dynamic segments of the domestic market alongside exports. Second, an important feature of the learning relationship between first- time exporters and their foreign buyers was the small-scale nature of contracts and a customization of fit between the producer and the feedback-giving intermediary.Meenu Tewari (September 1999)
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Textile industry is one of the most important and rapidly developing industrial sectors in Ludhiana city of Punjab, India. It has a great disadvantage in terms of its environmental impact because it consumes considerably high amount of processed water and produces highly polluted discharge water. To control the polluted discharge the Textile mills in India have started to install treatment plants in the name of environmental protection. The wastewater from 7 textile mills in the woven fabric and knit fabric finishing industry and one highly polluted drain, locally known as Buddha Nala, which receives discharge from many such industrial units, were collected for the study. Performances of the treatment plants were evaluated by site inspections and analyses of influent and effluent samples. Davinder Singh (1997). India is one of the biggest producer and consumer of cotton in the world. Cotton farmers grow more of long staple variety and hence there is shortage in availability of short staple cotton. About 60%of cotton produced is consumed by the Indian spinning industry. The spinning mills also import significant quantity of long staple and extra - long staple varieties. New high speed spinning systems like vortex spinning demand fibres of highest quality for trouble free processing. Co-ordinate and sustained efforts are required from breeders, extension scientists and textile technologists to bring a positive change in Indian cotton and spinning scenario. S.Sreenivasan & S.Venkatakrishnan (September 1991) To measure quantitatively the effect of temperature on the oxygen index values of several fabric samples of cotton, polyester, and their blends. The smoke density generated during the burning of these fabric samples at their oxygen indices was also studied at various temperature conditions. The results indicate a definite relationship of burning behaviour with temperature, fabric weight, and composition of the blends. Two commercially available flame-retardant finishes were employed in this comparative flammability study of treated and untreated specimens. A novel instrument, which complies with standard laboratory procedures, was employed throughout this study, and it was found to be versatile, convenient, and highly reproducible in the generation of the data..J. Dipietro & R.C. Nametz (July 1971) Samples of two cotton cultivars were spun with high- and normal-tenacity polyester staple fibers in cotton/polyester blend ratios of 100:0, 67:33, 50:50, 33:67, and 0:100. Stress-strain measurements provided tenacities, elongations, and breaking energies. Based on the stress- strain response of the pure cotton and pure polyester yarns, breaking energies were calculated
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for the yarn blends, with the assumption that the two different components did not interact. Differences between calculated and experimental values, which were maximum when the polyester content was about 60%, were attributed primarily to the interaction between the constituent cotton and polyester fibers. Support for this attribution was provided through measurements of energy lost when an oscillatory shearing motion was applied to 50-gram blended specimens of carded lap. K.E. Duckett , B.C. Goswami & H.H. Ramey JR (May 1979) The present study reveals a comparison of the physical properties of three sets of polyester/cotton blended yarns of linear density 19.68, 14.76 and 11.81tex with those of 100% cotton yarn. Each set consisted of three yarns of fibre blend ratios 67:33, 50:50, and 33:67. The test results showed that for all the three sets of yarn, the properties of the 50:50 blended yarns were comparable with those of the 100% cotton yarn. In the case of the 19.68- texyarn set, the 67:33 blended yarn showed properties similar to those of the 50:50 blended yarn. It was also observed that increasing the polyester content led to a reduction in properties. Thus the quality characteristics of the blended yarn depend upon the polyester content in the blend. C. Prakash,G. Ramakrishnan & C. V. Koushik(Jan 1979)
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CHAPTER 7 DATA ANALYSIS , INTERPRETATION AND FINDINS
7.1 DATA ANALYSIS AND INTERPREATTION 7.1.1 DURATION OF THE BUSINESS
Frequency Percentage Valid 0-10 yrs 2 8 10-20 yrs 4 16 20-30 yrs 5 20 More than 30 yrs 14 56 Total 25 100.0 Table 7.1 Duration Of The Business
Fig 7.1 Duration Of The Business
Analysis and Interpretation
The above chart/table reveals that 56% of respondents had been in to this business from duration of more than 30 yrs, 20% respondents from duration of 20-30 yrs, 16% respondents from duration of 10-20 yrs and 8% had been from less than 0-10 years.
8 16 20 56 0 10 20 30 40 50 60 0-10 yrs 10-20 yrs 20-30 yrs More than 30 yrs DURATION OF THE BUSINESS DURATION OF THE BUSINESS
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7.1.2 FREQUENTLY USED YARN
Frequency Percentage Valid Grey PC Yarn 5 20.0 Dyed PC Yarn 13 52.0 Fancy Yarn 1 4 All of these 6 24 Total 25 100.0 Table 7.2 Frequently Used Yarn
Fig 7.2 Frequently Used Yarn
Analysis and Interpretation From the above chart it is clear that most frequently used yarn is Dyed Polyester Cotton yarn with 52 % at first, then Grey Polyester Cotton 20% preferred by customers and fancy yarn is less frequently used by respondents
20 52 4 24 FREQUENTLY USED YARN Grey PC Yarn Dyed PC Yarn Fancy Yarn All of these
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7.1.3 VARIOUS COUNTS OF COTTON YARN BEING USED BY DIFFERENT RESPONDENTS
Frequency Percentage Valid 20s 30s 5 20.0 30s 40s 17 68.0 40s 50s 3 12 50s 60s 0 0 Total 25 100.0 Table 7.3 Various Counts Of Cotton Yarn
Fig 7.3 Various Counts Of Cotton Yarn
Analysis and Interpretation From above Table and Graph it can be analyzed that maximum respondents i.e., 68% are using 30s 40s counts of Dyed Polyester cotton,20% are using 20s 30s counts of Dyed Polyester Cotton and 12 % are using 40s 50s counts and 50s 60s is not being preferred by Customers.
20 68 12 0 0 10 20 30 40 50 60 70 80 20s 30s 30s 40s 40s 50s 50s 60s TYPE OF COUNTS PREFERED TYPE OF COUNTS PREFERED
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7.1.4 TYPE OF DYED PC YARN PREFERED
Frequency Percentage Valid 52% C 48%P 16 64.0 60% C 40%P 9 36.0 80%C 20%P 0 0.0 Total 25 100.0 Table 7.4 Type Of Dyed Pc Yarn Preferred
Fig 7.4 Type Of Dyed Pc Yarn Preferred
Analysis and Interpretation From above graph , it show that 70% of respondents preferred 52%c 48%P Dyed PC and 60%C 40%P is frequently less preferred by respondents. No respondents preferred to buy 80%C 20%P.
70 30 0 0 10 20 30 40 50 60 70 80 52% C 48%P 60% C 40%P 80%C 20%P TYPE OF DYED PC YARN PREFERED TYPE OF DYED PC YARN PREFERED
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7.1.5 DAILY CONSUMPTION OF DYED PC YARN
Frequency Percentag e Valid Less than 1Tons 6 24.0 1 - 5 Tons 13 52.0 5 - 10 Tons 4 16.0 More than 10 Tons 2 8.0 Total 25 100.0
Table 7.5 Daily Consumption Of Dyed Pc Yarn
Fig 7.5 Daily Consumption Of Dyed Pc Yarn
Analysis and Interpretation
From above chart it clear that 50% customers whose daily consumption is between 1-5 tons and there are other 10% whose daily customers is more than 10 tons.And there another 25% whose daily consumption is less than 1 tons. Thus it is clear that majority of the customers daily consumption is lies between 1-5 tons.
64 36 0 0 10 20 30 40 50 60 70 52% C 48%P 60% C 40%P 80%C 20%P DAILY CONSUMPTION OF DYED PC YARN DAILY CONSUMPTION OF DYED PC YARN
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7.1.6 SEASON THE CONSUMPTION OF DYED PC SHOTS UP
Frequency Percentage Valid Winter 9 36.0 Summer 5 20.0 Autumn 1 4.0 Spring 1 4.0 All 9 36.0 Total 20 100.0 Table 7.6 Season The Consumption Of Dyed Pc Shots Up
Fig 7.6 Season The Consumption Of Dyed Pc Shots Up Analysis and Interpretation
From the above table and graph it can be analyzed according to 36% respondents consumption of Dyed Polyester Cotton increase in Winter , 20% respondents consumption increase in Summer season. About 35% respondents response as there consumption for Dyed Polyester cotton remain same in whole year.
36 20 4 4 36 0 5 10 15 20 25 30 35 40 Winter Summer Autumn Spring All SEASON THE CONSUMPTION OF DYED PC SHOTS UP SEASON THE CONSUMPTION OF DYED PC SHOTS UP
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7.1.7 TYPE OF BLENDED YARN PREFERRED
Frequency Percentage Valid Cotton Polyester 17 68.0 Cotton Nylon 0 0.0 Cotton Tensile 3 12.0 Cotton Viscose 5 20.0 Total 25 100.0 Table 7.7 Type Of Blended Yarn Preferred
Fig 7.7 Type Of Blended Yarn Preferred
Analysis and Interpretation The above analysis shows that 68% respondents used blended yarn as Polyester Cotton yarn. As 20% respondents used Cotton Viscose as blended yarn and as Cotton Tensile is frequently less preferred as compare to Cotton Viscose. Cotton Nylon is not preferred by respondents .
0 10 20 30 40 50 60 70 Cotton Polyester Cotton Nylon Cotton Tensile Cotton Viscose 68 0 12 20 TYPE OF BLENDED YARN PREFERRED TYPE OF BLENDED YARN PREFERED
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7.1.8 AVERAGE DEMAND STATUS OF DYED PC IN MARKET LAST 5 YEARS
Frequency Percentage Valid Increase 14 56.0 Decrease 4 16.0 Constant 7 28.0 Total 25 100.0 Table 7.8 Average Demand Status Of Dyed Pc In Market Last 5 Years
Fig 7.8 Average Demand Status Of Dyed Pc In Market Last 5 Years
Analysis and Interpretation
As clear from above 56% of respondents said that trend of Dyed PC yarn is increased last 4- 5 years.28% said that it is stable and remaining said that trend in last 5 years has decreased.
0 10 20 30 40 50 60 Increase Decrease Constant 56 16 28 AVERAGE DEMAND STATUS OF DYED PC LAST 5 YEARS AVERAGE DEMAND STATUS OF DYED PC LAST 5 YEARS
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7.1.9 PROJECTION FOR DEMAND OF PC IN FUTURE
Frequency Percentage Valid Increase 18 72.0 Decrease 2 8.0 Constant 5 20.0 Total 25 100.0 Table 7.9 Projection For Demand Of Pc In Future
Fig 7.9 Projection For Demand Of Pc In Future
Analysis and Interpretation
As it is clear from above that 72% respondents believe that consumption of Dyed PC yarn will increase and just 8% believe demand will decrease and 20% said that demand will remain constant.
72 8 20 0 10 20 30 40 50 60 70 80 Increase Decrease Constant PROJECTION FOR DEMAND OF PC IN FUTURE PROJECTION FOR DEMAND OF PC IN FUTURE
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7.1.10 COMPANY PREFERED WHILE PURSHASING DYED POLYESTER COTTON YARN
Frequency Percentage Valid Nahar 8 32.0 Vardhman 13 52.0 Trident 1 4.0 Garg 3 12.0 Total 20 100.0 Table 7.10 Company Prefered While Purshasing Dyed Polyester Cotton Yarn
Fig 7.10 Company Prefered While Purshasing Dyed Polyester Cotton Yarn Analysis and Interpretation It is clear that there is neck to neck competition between NAHAR and VARDHMAN. As 32% respondents preferred NAHAR as while purchasing Dyed Polyester Cotton. VARDHMAN occupies 52% preference by respondents. As GARG and TRIDENT both has lowest preferences by respondents.
32 52 4 12 COMPANY PREFERED WHILE PURSHASING DYED POLYESTER COTTON YARN Nahar Vardhman Trident Garg
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7.1.11 FACTOR THAT CONVINCE TO PURCHASE DYED PC YARN FROM NAHAR
Frequency Percentage Valid Quality 15 60.0 Price 6 24.0 Delivery time 4 16.0 Brand Popularity 0 0.0 Total 25 100.0 Table 7.11 Factor That Convince To Purchase Dyed Pc Yarn From Nahar
Fig7.11 Factor That Convince To Purchase Dyed Pc Yarn From Nahar
Analysis and Interpretation From graph we it analyzed that most respondents have given first preference to quality with 60%,second to price with 24%,third to timely delivery, but there is no preference of brand popularity.
0 10 20 30 40 50 60 Quality Price Delivery time Brand Popularity 60 24 16 0 FACTOR THAT CONVINCE TO PURCHASE DYED PC YARN FROM NAHAR FACTOR THAT CONVINCE TO PURCHASE DYED PC YARN FROM NAHAR
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7.1.12 MARKET SHARE OF DYED PC YARN
Frequency Percentage Valid 0-25 % 6 24.0 25-50 % 14 56.0 50-75 % 3 12.0 More than 75% 2 8.0 Total 25 100.0
Table 7.12 Market Share Of Dyed Pc Yarn
Fig 7.12 Market Share Of Dyed Pc Yarn
Analysis and Interpretation The market shares based upon the respondents requirement is between 25-50 % as per majority speak. Therefore there is huge scope for the Dyed PC yarns in business.
24 56 12 8 MARKET SHARE OF DYED PC YARN 0-25 % 25-50 % 50-75 % More than 75%
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7.1.13 SHARE OF PC YARN IN MARKET AS COMPARED TO OTHER YARN
Frequency Percentage Valid 0-25 % 6 24.0 25-50 % 14 56.0 50-75 % 3 12.0 More than 75 % 2 8.0 Total 25 100.0 Table 7.13 Share Of Pc Yarn In Market As Compared To Other Yarn
Fig 7.13 Share Of Pc Yarn In Market As Compared To Other Yarn
Analysis and Interpretation As share of PC yarn as compare to other yarn is more, as respondents requirement is between is 25-50% as majority speck. As Dyed PC is well preferred by customers while purchasing as per it demand from market
24 56 12 8 0 10 20 30 40 50 60 0-25 % 25-50 % 50-75 % More than 75 % SHARE OF PC YARN IN MARKET AS COMPARED TO OTHER YARN SHARE OF PC YARN IN MARKET AS COMPARED TO OTHER YARN
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7.1.14 QUALITY OF NAHARs PRODUCT AS COMPARE TO OTHERS
Frequency Percentage Valid Excellent 14 56.0 Good 6 24.0 Average 5 20.0 Poor 0 0.0 Very Poor 0 0.0 Total 25 100.0
Table 7.14 Quality Of Nahars Product As Compare To Others
Fig 7.14 Quality Of Nahars Product As Compare To Others
Analysis and Interpretation As NAHAR product value in market is excellent as review by 56% of respondents, 24% of respondents review as value of their products is good and 20 % of respondents review as NAHAR product value is average as per competition in market.
56 24 20 0 0 0 10 20 30 40 50 60 Excellent Good Average Poor Very Poor QUALITY OF NAHAR's PRODUCT
QUALITY OF NAHAR's PRODUCT
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7.1.15 MAIN CHALLENGES FOR NAHAR LTD PC YARN IN THE MARKET
Frequency Percentage Valid High Price 17 68.0 Bad Quality 0 0.0 Late Delivery 4 16.0 Availability 4 16.0 Total 25 100.0
Table 7.15 Main Challenges For Nahar Ltd Pc Yarn In The Market
Fig 7.15 Main Challenges For Nahar Ltd Pc Yarn In The Market
Analysis and Interpretation As it cleared that main challenges for NAHAR to low down their prices quotation as 68 % respondents specks that as due to high price NAHAR is sometime not preferred while placing order.16% respondents view that NAHAR availability of product during order is major challenge to be overcome and 16% respondents say that Late Delivery is major challenge.
68 0 16 16 MAIN CHALLENGES OF NAHAR LTD High Price Bad Quality Late Delivery Availability
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7.1.16 SATISFACTION OF PRODUCT/SERVICE
Frequency Percentage Valid Completely satisfied 19 76.0 Satisfied 6 24.0 Neutral 0 0.0 Dissatisfied 0 0.0 Highly Dissatisfied 0 0.0 Total 25 100.0 Table 7.16 Satisfaction Of Product/Service
Fig 7.16 Satisfaction Of Product/Service
Analysis and Interpretation From the above Table and Graph it is analysed that as from NAHAR product and quality 76% of respondents are completely satisfied.24% of respondents are only satisfied with NAHAR product. As no respondent satisfaction level is neutral , Dissatisfied reason as NAHAR well known in market for quality of their products.
Frequency Percentage Valid Less than 10 Kg 16 64.0 10-20 Kg 9 36.0 20-30 Kg 0 0.0 More than 30Kg 0 0.0 Total 25 100.0 Table 7.17 Sample Quantity Usually Preferred
Fig 7.17 Sample Quantity Usually Preferred
Analysis and Interpretation As it cleared from graph that 64% respondents demanded less than 10kg of Dyed PC Yarn as sample quantity while purchasing a big order and 36% respondents demanded 10-20 Kg of Dyed PC yarn as sample quantity.
64 36 0 0 0 10 20 30 40 50 60 70 Less than 10 Kg 10-20 Kg 20-30 Kg More than 30Kg SAMPLE QUANTITY USUALLY PREFERRED
SAMPLE QUANTITY USUALLY PREFERED
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7.1.18 OFFERS THAT ATTRACT CUSTOMER
Frequency Percentage Valid Trade Discount 5 20.0 Cash Discount 14 56.0 Credit Discount 6 24.0 Total 25 100.0 Table 7.18 Offers That Attract Customer
Fig 7.18 Offers That Attract Customer
Analysis and Interpretation The main offer that attract the customers is cash discount which occupies 56% share and secondly prefer Credit discount with 24% of respondents respectively and left respondents preferred Trade Discount.
Frequency Percentag e Valid Pantone No 7 28.0 Shade Card 15 60.0 Reference Sample 3 12.0 Total 25 100.0
Table 7.19 Reference Pc Yarn Shade Requirement Quoted
Fig 7.19 Reference Pc Yarn Shade Requirement Quoted
Analysis and Interpretation As from graph analyzed that 60% of respondents reference shade card while ordering the yarn, 28/% of respondents used pantone No while ordering and rest respondents used Reference sample while ordering.
28 60 12 0 10 20 30 40 50 60 70 Pantone No Shade Card Reference Sample REFERENCE PC YARN SHADE REQUIREMENT QUOTED REFERENCE PC YARN SHADE REQUIREMENT QUOTED
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7.1.20 COMPARISON OF NAHAR POLYESTER COTTON YARN IN TERMS OF QUALITY,DELIVERY AND PRICE
QUALITY EXCELLENT GOOD AVERAGE POOR VERY POOR 13 7 5
0 0 PRICE VERY HIGH HIGH COMETITIVE LOW VERY LOW 12 7 6
0 0 DELIVERY VERY GOOD GOOD AVERAGE POOR VERY POOR 6 10 8
1 0
Table 7.20 Comparison Of Nahar Polyester Cotton Yarn In Terms Of Quality, Delivery And Price
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7.1.21 MAJOR PLAYER IN MANUFACURING COTTON YARN AND AVAILABILITY IN LUDHIANA
Frequency Percentage Valid Vardhman Textile 13 52.0 Nahar Spinning Mills 9 36.0 Alok Industries 1 4.0 Nahar Industrial Enterprises 2 8.0 Total 20 100.0
Table 7.21 Major Player In Manufacuring Cotton Yarn And Availability In Ludhiana
Fig 7.21 Major Player In Manufacuring Cotton Yarn And Availability In Ludhiana
Analysis and Interpretation: As it cleared from graph and chart major player for manufacturing Cotton Yarn and availability is VARDHMAN TEXTILE as review by 52% of respondents,36% of respondents rated NAHAR SPINNING MILL as major player in market. ALOK and NAHAR INDUSTRIAL ENERPRISES rated as same by respondents. 0 10 20 30 40 50 60 Vardhman Textile Nahar Spinning Mills Alok Industries Nahar Industrial Enterprises MAJOR PLAYER IN MANUFACURING COTTON YARN AND AVAILABILITY
MAJOR PLAYER IN MANUFACURING COTTON YARN AND AVAILABILITY
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7.1.22 DEMAND OF POLYESTER COTTON IN LAST 10 YEARS MARKET STUDY
Past Supply and present demand The supply of polyester cotton yarn to the local market at present is from imports. Polyester cotton yarn is supplied to the local market in different forms which include; high tenacity yarn of polyesters, textured yarn of polyesters, single yarn of polyesters, and multiple or cabled yarn of polyesters. The total import of the different types of polyester yarn during the period 2003--2013 is shown.
As can be seen from Fig, the import of polyester yarn during the period under consideration has shown a noticeable increasing trend although there were fluctuations in some years. The highest quantity of import (3981 tonnes) was in the year 2013 while the lowest (2344 tones) was in the year 2003. The average quantity of import during the years (2003-2006) and (2006-2009) was 2,622 tones and 2,766 tones respectively. This average quantity of import has increased to 4,510 tons during the last recent three years (2009-2011) which indicates a general supply growth during the period under consideration and a sharp increase during the recent three years.
In order to estimate the current effective demand for polyester yarn the Time Trend Extrapolation method is applied. Accordingly, the principle of least squares is employed to fit a linear trend to the historical data of supply (y) and time (t) and the relation is expressed by the following equation: Y = + bt, Where a is the intercept and b is the slope. Accordingly, the estimated linear equations become, y = -331532+166.6182t Slope : 166.6182 Intercept : -331532
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7.1.23 PROJECTED DEMAND OF POLYESTER COTTON YARN (TONES)
The demand for polyester yarn mainly depends on the performance of its end-user industries i.e. the textile fabrics manufacturing sub-sector. There are also other factors which can influence the performance of the textile sub-sector and consequently the market for the product. The variables that are essential in determining the magnitude and trend of the local demand for polyester yarn include income rise of the population or performance of the national economy; and rate of population growth and urbanization.
The GDP of the country has registered an average annual growth rate of about 11% during the past seven years and is believed to continue at a minimum in the same rate. The textile sub-sector is also given high priority from the manufacturing sector. During the GTP the manufacturing sector is planned to grow by about 20% per annum. As a result, demand for textile products and 6
Hence that of polyester yarn is reasonably expected to increase as economic expansion continues. Considering the above factors the demand for of polyester yarn is conservatively projected to grow by 10% per annum as given
Table 7.24 Projected Demand Of Polyester Cotton Yarn (Tones)
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7.2 FINDINGS 1. Dyed PC Yarn have much share in Ludhiana Market. 2. Most commonly used counts of Dyed PC Yarn are 30s 40s. 3. Major Dyed PC Yarn preferred count is 52%C 48%P. 4. The average daily consumption is different for different customers, for 75% customers it is between 1 5 tons and other 25% customers it is less than 1 tons. 5. Consumption of Dyed PC Yarn shots up in winter season. 6. Average Demand status of Dyed PC in market last 5 year is increased. 7. As analyzed by customers review, projection for demand of Dyed PC is increasing. 8. Main factor that the customer consider while purchasing Dyed PC Yarn is Quality 9. Market share of Dyed PC yarn in Ludhiana region is about to be 25-50%. On the basis of market shareVardhman is leading in comparison to its other competitors i.e. Nahar Ltd. 10. Quality of Dyed PC Yarn in market as review by customer is excellent. 11. Main challenges of Nahar Ltd regarding PC yarn in market is controlling their price. Nahar charges a bit high prices for its products which results into losing its customers to the local suppliers. 12. The Delivery of the goods to the clients is not being made on the time which also shows dissatisfaction level of the clients among the companies. 13. Nahar lags behind a lot where its deliveries is concerned. The time taken by Nahar is higher than its main competitors i.e., Vardhman in market.
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CHAPTER 8 - RECOMMENDATIONS AND REFERENCE
8.1 RECOMMENDATIONS
1. Nahar should have a sharp look on their competitors. This will enable them to know about the various activities and their pricing policies. 2. Safeguard against small competitors : Nahar needs to be alert from small competitors that can harm Nahars growth. 3. Nahar should advertise its product so that customer can become aware of its products. Some promotional scheme like providing samples of Cotton Yarn can be used to increase the sales. 4. Nahar should improve its delivery time. 5. The company should try to interact more with its clients in order to sort of their problems and also to know about the companies & competitors performance and position in the market.
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8.2 REFERENCES C Prakash, G Ramakrishnan And C V Koushik (January 2012),Effect Of Blend Ratio On Quality Characteristics Of Polyester/Cotton Blended Yarn, Journal Of Science And Technology, Volume 7, Issue 1, January 2012 Ahmad, A. Farooq, S.A. Baig & M.F. Rashid(June2012), Quality Parameters Analysis Of Yarns Made From Different Blends Of Cotton Polyester, Journal Of Quality and Technology Management, Volume Viii, Issue I, June 2012, Page 0112 R. Chattopadhyay(2010),Types Of Technical Textile Yarn, Volume In Woodhead Publishing Series In Textiles 2010, Pages 355 Dr. SHILPA P. CHARANKAR, Mrs. VEENA VERMA, Ms. MITTU GUPTA(2007), Growing Importance Of Cotton Blends In Apparel Market, Journal of textile association, Date: Vol 67, Jan-Feb 2007 Shahid Saleem Shad ,Asim Mumtaz & Iqbal Javed(November 2006), Effect Of Blending Ratios And Techniques On The Quality Parameters Of 30's Polyester/Cotton Yarn, Journal Of Quality And Technology Management ,Volume 24, Issue 2, November 2006, Pages 16511671 Bernard Miller, J. Ronald Martin, Charles H. Meiser Jr, Margaret Gargiullo Jr (December 17, 2005), The Flammability of Polyester-Cotton Mixtures, Textile Research Journal Dec 2005 vol. 46 no. 7 530-538 Uma S. Kambhampati (2003), Efficiency levels in the cotton textile industry, Journal of Oxford Development , Date: Vol. 31, No. 2, 2003 Meenu Tewari (September 1999), Successful Adjustment In Indian Industry: The Case Of Ludhiana's Cotton Yarn, Journal of world development, Volume 27, Issue 9, September 1999, Pages 1651167 Davinder Singh (1997), Study Of Textile Effluent In And Around Ludhiana District In Punjab, India, Volume In International Journal Of Environmental Sciences ,Volume 3 , No 4, 1997 S.Sreenivasan And S.Venkatakrishnan (September 1991), Cotton Polyester Quality Research, Journal of Quality and Technology Management ,Volume 19, Issue 9, September 1991, Pages 11971213 J. Dipietro , R.C. Nametz (July 1971), : A Study of Flammability of Cotton, Polyester, and their Blends, Textile Research Journal ,July 1971 vol. 41 no. 7 593-599
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K.E. Duckett , B.C. Goswami , H.H.Ramey JR (May 1979), Mechanical Properties Of Cotton/Polyester Yarns, Textile Research Journal ,May 1979 Vol. 49 No. 5 262-267 C. Prakash,G. Ramakrishnan,C. V. Koushik(Jan 1979), Effect of Blend Ratio on the Quality Characteristics of Polyester/Cotton Blended, Journal of Quality and Technology Management ,Volume 3, Issue 2, Jan 1979, Pages 16511671 Brief Report on Indian Textile Industry (2014) http://www.cci.in/pdfs/surveys-reports/Textile-Industry-in-India.pdf The Textile and Apparel Industry in India(May 2012) http://www.iimb.ernet.in/~chandra/The%20Textile%20and%20Apparel%20Industry.pdf Polyester fiber market demand to drive global growth http://www.icis.com/resources/news/2012/03/05/9537632/polyester-fiber-market- demand-to-drive-global-growth Profile On The Production Of Polyester Yarn http://www.ethioembassy.org.uk/trade_and_investment/Investment%20Profiles%20EIA/ Textile%20Industry%20Profiles/polyster%20yarn.pdf
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CHAPTER 9 - QUESTIONNARIE
STUDY OF DYED PC YARN MARKETING IN LUDHIANA I am Prabhjot Singh, student of Lovely Professional University conducting this survey under the support of M/S NAHAR SPINNING MILLS Ltd. As training session, to examine the market potential of Dyed PC Yarn market in Ludhiana. The data collected by this survey is used only to fulfil the requirement of report and it will not used for any other purpose..
NAME OF CUSTOMER ADDRESS .. CONTACT PERSON.. CONTACT NUMBER
1. Do you think M/S Nahar Spinning Mill Ltd. Quality is matching with international standard? a) Yes b) No 2. How long have you been in this business? a) 0 10 yrs b) 10 20 yrs c) 20 30 yrs d) More than 30 yrs 3. From the following options what type of PC yarn you have been using ? a) Grey PC Yarn b) Dyed PC Yarn c) Fancy Yarn d) All of these. 4. From the following options what type of Dyed PC yarn you have been using? a) 52 % C 48 % P b) 60% C 40 % P c) 80% C 20 % P d) If other please specify 5. What type of counts you prefer while procurement of PC yarn ? a) 20s 30s b) 30s 40s c) 40s 50s d) 50s 60s
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6. What is your yearly consumption of Dyed PC yarn? a) Less than Tons b) 1-5 Tons c) 5-10 Tons d) More than 10 Tons 7. In which season the consumption of Dyed PC shots up? a) Winter b) Summer c) Autumn d) Spring e) All 8. What type of Blended preferred? a) Cotton Polyester b) Cotton Nylon c) Cotton Tensile d) Cotton Viscose 9. What is average demand status of Dyed PC in the market for last 5 yrs? a) Increase b) Decrease c) Constant 10. What is your projection for demand of PC in future? a) Increase b) Decrease c) Constant 11. Company preferred while purchasing Dyed PC yarn ?
Nahar Vardhman Trident Garg
12. Factor that convince to purchase Dyed Yarn from Nahar ?
Good quality Affordable price On time delivery Brand Popularity
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13. What is your market share of Dyed PC in the market? a) 0 25 % b) 25 50 % c) 50 75% e d) More than 75% 14. Compared to other similar products on the market , Quality of Nahar products is a) Excellent b) Good c) Average d) Poor e) Very Poor 15. What are your reasons for buying PC yarn from company other than Nahar? a) Better Quality b) Better Price c) Time Delivery d) Better after sales service 16. What acc to you is the share of PC yarn in the market as compared to other yarn? a) 0 25 % b) 25 50 % c) 50 75% d) More than 75% 17. Acc. to you what are main challenges of M/S Nahar Spinning Mill ltd PC yarn in the market? a) High Price b) Bad quality c) Late Delivery d) Availability a) If any other source, please mention 18. What do you like the most about our products/services? a)Quality b)Price c)Availability d)All of the above e)If any other please mention? 19. How satisfied are you with our products/services? a)Completely satisfied b)Somewhat satisfied c) Neutral d)Dissatisfied e)Highly dissatisfied
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20. In comparison to product/services of other brands where do you think we lack? a)In price segment b)Quality c)Looks and design d)Availability e)If any other, please mention 21 .How much sample quantity of mlange yarn do you usually prefer? a) Less than 10 Kg b) 10 20 Kg c) 20 30 Kg d) More than 30 Kg 22. How much lead time is usually offered to you? a) <15 days b) 15-30 days c) 31-50 days d) >50 days 23. What offer that attract customer? a) Trade Discount b) Cash Discount c) Credit Discount 24. In which reference are the PC shade requirement quoted? a) Pantone No. b) Shade Card c) Reference Sample
SIGNATURE DATE
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CHAPTER 10 LIST OF CUSTOMERS
1. Vallabh Yarns Pvt Ltd. 1256, Indra Colony Rahoon road Ludhiana 2. Vallabh Knitcraft Village Bajra, Rahon road Ludhiana 3. Amit Enterprises Kali Sarak, Anandpuri colony near Jalandhar bypass, Ludhiana 4. Zeal Knitwears 4200/1 Kakopura road, Ludhiana 5. Hem Knitwear Pvt Ltd 4108, Beantpura 2, Chandigarh road Ludhiana 6. Lakhra Industries E 200, phase 4 Focal Point Ludhiana 7. Aradhna Fabrics Pvt. Ltd. 144, Industrial Area-A, Ludhiana 8. Charley Knitwears Pvt Ltd 219, Shivaji Nagar, Ludhiana 9. Shriyansh Knitwear Pvt Ltd H-7, Textile colony, Ludhiana 10. Jay kay Wears Pvt Ltd 848, Industrial Area - A. Near Jhoom Hotel, Ludhiana
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11. Kanodia Global Pvt Ltd 400, Industrial Area-A, Ludhiana 12. Goyal Knitwear Pvt Ltd 229, Sherpura chownk, G.T. road Ludhiana 13. R.B. Knit Export Industrial Area-A, Ludhiana 14. Venus Garments (INDIA) Ltd G.T. road(W) near Jalandhar bypass, Ludhiana 15. Eveline International G.T. road Dhandhari Kalan, Ludhiana 16. Venus Garments (India) Ltd GT Road (West), Near Jallandhar Bye Pass, Ludhiana 17. A. R. Knitwear B-XXXIII/330, G.T. Road, Ludhiana 18. Naresh & Company 3833, Street No. 6, Gagan Deep Colony, Kakowal Road. Ludhiana 19. Raunaq Fabrics Pvt. Ltd. C-30, Phase-2, Focal Point ,Ludhiana. 20. A.R. Kapoor & Sons 247, Industrial Area-A, R.K. Road, Cheema Chowk, Ludhiana 21. Aay Vee International Street No.11, Opp. Amar Sweets, Master Coloni, New Shivpuri, Ludhiana 22. Adishwar Knitwears Chowk Bhaga Lalari, PURANA BAZAR, Ludhiana, 141008, Punjab, India
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23. Amar Industries Ltd C-258, Phase-VIII, Focal Point, Ludhiana 24. Anik Knitwears Plot No 34, St No 5, New Aman Nagar, Jal Bye Pass Chowk, Ludhiana. 25. Camel Knitting & Textile Mills 2336/1, Joshi Nagar, Haibowal Kalan, Ludhiana