LAXMI INSTITUTE OF COMMERCE, SARIGAM

A
SUMMER TRAINING
PROJECT REPORT
AT

UNION
QUALITY PLASTICS
LIMITED

SUBMITTED IN PARTIAL FULLFILLMENT OF THE

REQUIREMENT OF BBA PROGRAMME

PREPARED BY UNDER

ABHISHEK NEOGI THE GUIDANCE

RAHUL PANDAY OF

HARDIK SHAH Internal Guide

KINCHIT RAI Mrs. MONIKA SONI

External Guide
MR. Sunil Kumar Tripathi
Graduate centre
LAXMI INSTITUTE OF COMMERCE
Affiliated to
VEER NARMAD SOUTH GUJARAT UNIVERSITY

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ADDRESS

FACTORY: 204, G.I.D.C.INDUSTRIAL

ESTATE, UMBERGAON, GUJARAT –
396171, INDIA

OFFICE: AGH CHAMBERS 5TH

FLOOR 379/381, NARSI NATHA
STREET, MASJID, MUMBAI,
MAHARASTRA – 400 009, INDIA

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Declaration

We hereby certify that the work which is being presented in the project entitled, “
Company Overview of UNION QUALTITY PLASTICS LTD ” in partial

Fulfillment of the requirements for the degree of Bachelor of Business

Administration LAXMI INSTITUTE OF COMMERCE (Affiliated to VEER
NARMAD SOUTH GUJRAT UNIVERSITY) GUJRAT, is an authentic record of
my own work .

The matter presented in this Project Report has not been submitted by me for the
award of any other degree of this or any other University.

ABHISHEK NEOGI
RAHUL PANDAY
HARDIK SHAH
KINCHIT RAI

BBA V SEM

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ACKNOWLEDGEMENT

A Project Report is never successfully completed without the guidance

from appropriate person. So now it’s the right time to express our sincere
gratitude towards all those, who have helped us to complete the project.

We are thankful to our coordinator Dr. Saleem, distinguished professor of

LAXMI INSTITUTE OF COMMERCE for giving us the opportunity to work on this
project. It was a great learning experience for us and we could actually put in
practice, the learning acquired in the classroom.

Also, this project helped us in understanding the overall functioning of the

industry. We are also thankful to Mr. Sunil Kumar Tripathi , work’s Manager of
UNION QUALITY PLASTIC. LTD, for giving us valuable suggestions through out
the course of the project as well as our internal guide Monika Soni. Without their
Guidance the work would never been completed.

We are also thankful to entire faculty and staff of our institute without
which this project would not be a successful one. Last but not the least we would
like to appreciate our parents who have always motivated us directly and
indirectly to do our work with utmost dedication.

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INDEX

Sr.No. INDEX Page No.

1
Company Profile 6

2
Introduction to Plastic 8

3
Production Department 10

4
Quality Policy 29

5
Marketing Department 34

6
Human Resource Department 41

7
Finance Department 51

8
SWOT Analysis 59

9
Conclusion 62

10
Suggestion 63

11
Bibliography 64

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Company profile

M/s. UNION QUALITY PLASTICS LIMITED is a public Limited Company

run by Kathawala Family; which has embarked upon its journey in 1981 on a modest
scale, for manufacturing various ranges of fabricated and laminated tarpaulin products
with an initial capacity of 200 tons per annum. Thereafter the company launched its
products in the overseas market in the year 1992. The company has established its
current status by increasing its capacity to 4000 tons per annum with an annual sales
turnover of US$ 4 Million.
The company further diversified into Multi Products Company by taking up
ambitious project of manufacturing quality products like Tarpaulins, Specialized
large width fabrics, Fabrics for VCI application, and Customized Tarpaulins Covers.
All the manufacturing facilities are in one location at Umbergaon (Distt. Valsad –
Gujarat) in India, which has a unique advantage of being 150 kms from the principal
port of Mumbai and 90 Kms from Hazira which is closed to sources of Raw Material
Supplier viz Reliance Industries Ltd. Their core concentration and expertise is on
export to relief supplies in Disaster affected area globally, wholesale, NGO’s and
Government approved suppliers. Their company has always striven to provide the
best to its customers, and is guided by the principles of diligence, supreme quality and
total customer satisfaction. Our total commitment to quality, innovation and direct
relation with the end – user help us to deliver products within the stipulated time.
They believe in supplying high quality customized products with fast responsive
service to all customer needs. High quality products and service have developed
strong customer loyalties that will nurture mutual growth in future. Their mission is
directed towards providing the customer oriented products and ensuring the success
and satisfaction of our business partners.

Name of the company Union Quality Plastics Ltd

Registered Office AGH Chambers 5th floor 379/Narsi Natha

Street Masjid, Mumbai, Maharashtra

400009 India
Authorized Share Capital 70 Lacks
Year of Establishment 1981

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Type Of Company Public Limited Company

Group Kathawala Group
Product Woven Fabrics, Woven Bags, Tarpaulin
Production capacity 3600 Tons Per Annum

Board of Directors Z.D.Kathawala

Stock Exchange Bombay Stock Exchange

Introduction

Plastic is a common name for Polymers: materials made of long strings of carbon and
other elements. Each unit in a string is called a monomer, and is a chemical usually
derived from oil.

The monomer is made into polymer by chain-linking reactions. This is like making a
daisy chain. Instead of flowers, carbon atoms are joined together. The appearance of
the daisy chain will be different if you use different coloured flowers, and so will
polymers.

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There are many different types of plastic, depending on the starting monomer
selected, the length of polymer chains, and the type of modifying compounds added.
Each plastic has been developed for a special purpose.

There are two main groups of plastics:

1. THERMOPLASTICS soften with heat and harden with cooling.

Some typical thermoplastics are:

 Acrylic (Perspex)
 Acrylo-nitrile (Nylon)
 Polyethylene (Polythene)
 Polypropylene
 Poly Vinyl Acetate (PVA)
 Poly Vinyl Chloride (PVC)
 Polystyrene and ABS
 PTFE (Teflon)

2. THERMOSETS are cured or hardened by heat.

Some typical thermosets are:

 Bakelite
 Epoxy
 Melamine
 Polyester
 Polyurethane

Properties

Plastics are used because they are:

 Attractive
 Hard and slippery
 Soft and rubbery
 Tough and slippery
 Flexible
 Good insulators of heat or electricity
 Light weight
 Hygienic
 Non-rusting
 Easy to shape and colour
 Cheap

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PRODUCTION DEPARTMENT

What do you mean by production?

Production is the process of converting Raw Material or other input into the
Product for further production or Service so that the utility and need of the
customer are satisfied.
.
1. Service of Transport, Banking Sectors Etc.
2. Union quality converts HDPE/LDPE Plastic granuals into
Bobbins For the further production of Woven Fabrics.

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TYPES OF PRODUCT

The following are the products offered by Union Quality

Plastics Limited:

HDPE/PP WOVEN FABRICS

HDPE TARPAULINES

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WOVEN BAGS

The products of Union Quality Plastics Limited have obtained Certificate of Quality
as per ISO Standard 9001:2000 for HDPE/LDPE and Woven Fabrics with
Specialization in Tarpaulins from ORION Registrar, INC., USA.

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TARPAULIN PRODUCT ‘S SPECIFICATION

PROVIDE THE PRODUCT AS PER CUSTOMER DEMAND; THE

SPECIFICATIONS VARY FROM CUSTOMER TO CUSTOMER
GSM FROM 70 TO 350 GSM.

MESH FROM 6 X 6 TO 16 X 16
DENIER FROM 600 UPTO 1500

WIDTH FROM 4ft AND ABOVE

LENGTH FROM 6 ft AND ABOVE

LAMINATION LDPE LAMINATION ON BOTH SIDE

COLOR Blue, Yellow, Black, Silver/Blue, Silver/White,

Silver/Black or as per Customer requirement.
EYELET Rust proof Eyelets on all Sides and Corners (as per
requirement)
UV AS PER REQUIREMENT
ROPE INSERTED IN BORDERS OF TARPAULIN

HDPE /LDPE WOVEN BAGS PRODUCTS SPECIFICATION

SIZE
Width:   Range - 12" (300mm) to 33"(840mm)
Length: As per customer's specifications

MESH ( WEAVE) From 6 X 6 to 14 X 14

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DENIER FROM 600 UPTO 1500

WIDTH From 600 to 1400

SPECIFICATIONS OF For Fertilizers For Tarpaulins

STRENGTH IS: 9755:2003 IS: 7903:1995

For Cement
IS: 11652:2000

COLOURS / SIDE
STRIPS Milky White, Golden Yellow, Lemon Yellow, Pink, Green, Red, Ivory,
Blue, Black etc. with shade as per buyers choice.

LAMINATION
(COATING) Inside / outside, with mirror or matt finishing.

PRINTING
Three Colour Flexo Printing Single / Double Side. Corona treated with
tape test ink.

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Plant layout of Union Quality Plastics Limited

Plant layout is the arrangement of Machinery, Equipment and

facilities such as tool room, Inspection cabins, etc so as to ensure smooth and quick
minimum material handling quality of operation and good communication.

The Union Quality Plastics Limited Follows the

Process Layout: - The entire machine performing similar type of operation is
grouped together at one location.

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The plant layout of Union Quality Plastics Limited is as

Follows:

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PROCESS FLOW CHART

RAW MATERIAL FEEDING TO HOPPER

MELTING OF MATERIAL BY HEATING

EXTRUSION OF MOLTEN MATERIAL IN

THE FORM OF PLASTIC SHEET
SLITTING OF SHEET TO MAKE TAPES

STREATCHING OF TAPES

MAKING OF BOBBINS

FABRIC MAKING BY WAEAVING PROCESS IN

LOOM

MAKING FABRIC IN THE FORM OF ROLLS

LAMINATION IS DONE ON WOVEN FABRIC

DIFFERENT SIZES OF FABRICS WELDING

AND CUTTING

CENTRE SEALING,SIDE SEALING,ROPE HEMMING,SIZE

CUTTING,EYELETTING,PRINTING&PACKING IS DONE OR
MAKING OF BAG AS PER REQUIREMENT

MARKING AS PER CUSTOMER REQUIREMENT

GOODS ARE READY FOR DISPATCH

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 PRODUCTION OF FLAT TAPE

Raw materials to produce flat TAPE is high density polyethylene [HDPE] +

Calcium Carbonate + Filler to avoid fibrillation of tape. If they required any
colour tape, they mix some percentage of master batches that is polymer based.

They have two extrusion lines for flat tape production. One is KTK-
90mm Windsor Tape plant and other is Kolsite 90mm Tape plant.

Capacity of this department is – 150 tons per month.

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1. Raw materials required for Tap plant is – HDPE/LDPE/PP granuals and

Filler/Master batch.
2. The raw material is stored in the hopper, which goes to screw barrel for
melting process.

3. Melted Raw materials moved to die which converts in to film.

4. There is a cutter which cuts the film into desired width as per requirement.

5. Then it moves to pull roller for strength checking and after checking the
strength it moves to the winder for winding.

 PRODUCTION OF HDPE WOVEN FABRIC:-

WE PROVIDE THE PRODUCT AS PER CUSTOMER DEMAND; THE

SPECIFICATIONS VARY FROM CUSTOMER TO CUSTOMER.

The Company is flexible with its product design and quality based on customer need
and purpose of product. It endures to provide flexible, strong and weather resistant
products. The need of the customer is at the top of the companies priorities and
therefore it offers wide range of elite quality products.

We provide roll to roll printing and cutting of bags/sacks. We have 8 ft./2.6mtr Wide
lamination facilities. We can print four colors one side. We can provide bias tubing
fabric

For weaving of fabrics they have separate weaving department they have
different type of weaving machine, as

 HDN – 4 LOHIA STARLINGER

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 HDN – 6 LOHIA STARLINGER

 HDN – 6 GCL make BANGLORE
 HDN – 8 GCL make BANGLORE

In four shuttle machine usually they make fabric up to 60” flat width mesh
size varies [8 * 8] to [12 * 12]

In six shuttle machine they can make fabric up to 104”

In eight shuttle machine they can make width of 144”

Numbers of machines is as under:-

HDN – 4 18
HDN – 6 11
HDN _ 8 02
Total _ 31

Capacity of these departments is 5000Kg per day.

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1. The Union Quality Plastics Ltd. Uses circular looms for making woven
fabrics
2. The circular machine is fitted on both the side of the cril stand were the
bobbins are fitted.
3. Then the tape is moved to the circular machine for weaving process
from where the tube form fabric is being made.
4. The cutter is fitted on the top of the circular machine where the tube
form fabric is cut and finally it goes to winder for winding.

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Fabric Coating (Lamination Section)

WE PROVIDE THE PRODUCT AS PER CUSTOMER DEMAND; THE
SPECIFICATIONS VARY FROM CUSTOMER TO CUSTOMER.

They have three lamination plant of different capacity

 First one is having 98” Die opening and hence capable to coat up to
96” Fabric

 Second one is having 74” Die opening and can coat 72” Fabric

 Third one is having 52” Die opening and can coat 50” Fabric
successfully

 Raw material used for coating purpose is low density

polyethylene [LDPE] and Linear Low Density Polyethylene
[LLDPE] – Master batches for desired colour.
 They have some customers who buy directly roll without doing
any further process and use as per his requirement.
 They can coat fabric from 70GSM to 600GSM. For different
customer requirement

They also laminate HDPE Woven fabrics with

craft paper in different width like from 40” to 94”. And this process is
known as sandwich Process.

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Stitching

They have stitching department where they make different

kinds of bags for sugar packing, for foam packing, for textile industries
and for chemical packing.

Their Capacity in this department is to make 4000Nos. of big

size per day.

Tarpaulin
Tarpaulin is sold under the brand name of "UNI TARP".

Tarpaulin
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Their capacity of tarpaulin section is 175 tones per month. They

have got 5 Sealing machine and they make tarpaulins size [6’ * 6’] to
[100’ * 100’] they have four automatic Eyeleting machines which
makes as enable to take faster production with good quality of Eyelet
fitting

The following are the raw materials used in manufacturing Tarpaulin:

1. Plastic Granules: Plastic Granules are the primary material for producing PE
tape and laminating tarpaulin. Company mainly uses two types of plastic
granules
i. HDPE (High Density Polyethylene)
ii. LDPE (Low Density Polyethylene)

2. Eyelets: Eyelets are metal, plastic, or rubber rings that are inserted into a hole

made through another material. It is used to strengthen the holes prevents the
material from tearing through the hole, thereby providing structural integrity.
Eyelets are generally used decoratively.

3. Colour Masterbatch: Masterbatch of colour is used to colour raw polymer

during plastic manufacturing process.

4. Dori: Dori is a Plastic String that is used in tarpaulin for making it stronger
and also used in sealing the borders of the sheet. It consists of various colours
according to the respective colours of sheets.

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USES / APPLICATIONS OF UNI-TARP

 Floor lining for storage or stacking, railway wagon covers, ground work sheet,
transportation.

 Water proof liner for trucks, tempos, warehouses, sheds, etc.

 Mulching - to retain earth moisture.

 Storage tarps, fumigation covers, poultry shading.

 Construction sites - covering for cement bags, equipment, metal rods.

 Curtains for unfinished buildings.

 Recreational uses at picnics and camps

The Latest Technology:

"UniTarp” is manufactured by the latest technology using modern imported
machinery.
"UniTarp” contains special UV stabilizing agents ensuring a longer life... without any
discolouration whatsoever hence they are immune to Ultra Violet Rays.

Unleashed Features of “UNI-TARP”:

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 "UniTarp” is Light Weight. I.e. it is merely 1/7th weight of conventional

cotton canvas Tarpaulins and has the highest strength to weight ratio among
plastics.

Their capacity of tarpaulin section is 175 tones per month. They have got 5
Sealing machine and they make tarpaulins size [6’ * 6’] to [100’ * 100’] they have
four automatic Eyeleting machines which makes as enable to take faster
production with good quality of Eyelet fitting

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Quality Policy

Union Quality Plastics Ltd. There goals are to enhance customer satisfaction by:

As the name it self signifies that we are a quality conscious company. We are
committed to manufacture premium quality products for customer satisfaction.

Our Company has its own well equipped In-house Quality Control Department, the
department carry out "In Process Quality Control" (IPQC) in each and every phase
of Production job. The products are inspected with proper documentation. All the
products have inspection reports and test certificates to avoid any defects.

We also utilize services of International Quality Inspection Agencies as and when

required. Quality being the point of focus for the company, special attention is paid on
technological advancement and up-gradation.

We have a team of competent professionals to carry on with the smooth working of

the organization. Our company with its efficient and dynamic management,
computerized accounting systems and inventory control, which is well equipped to
provide quality products and services to our growing list of customers.

CUSTOMER SATISFACTION...

Our prime concern is to maximize customer satisfaction. Our endeavors have been
recognized by our clients who have placed repeat orders. We export our products to
various countries like USA, Europe, Africa, Middle East, Far East and neighboring
Countries.

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Quality Assurance Certificate

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Quality Assurance Department

Quality

Fitness for the purpose this is what has the term quality has meant for the world
for many years. It is more of a relative term and it is generally used with reference to
the end use of the product up to its intended use.

Quality Assurance (QA)

Quality assurance engineering deals with the question of assuring the desired
quality, reliability of service and other aspects in the manufactured product, through
scientific techniques. The job of evaluating the company’s activities with respect to
quality. Reporting the result of evaluation to all concern for information and
necessary action and the subsequent action taken is called as quality assurance
function.

Total Quality = Quality of design

Assurance = quality of manufacturing products confirming to design + Quality

of performance

Quality assurance for short, is the activity for evidence needed to establish
quality in work, and that activities required good quality are being performed
effectively. All those planned or systematic action necessary to provide enough
confidence that product or service will satisfy the given requirement for quality.

For products, quality assurance is part and consistent pair of quality management
offering supposedly fact-based external confidence to customer and other
stockholders that a product meets needs, expectation, and other requirements. Quality
Assurance claims to assure the existence and effectiveness of procedure that attempt
to make sure in-advance that the expected level of quality will be reached.

Quality Assurance covers all activities from design, development, production,

installation, servicing to documentation. It introduces the sayings “FIT FOR
PURPOSE” and “DO IT RIGHT THE FIRST TIME”. It includes the regulation of
quality of raw materials, assemblies, products, services related to production, and
management, production and inspection process.

The term quality assurance as used in the United States Nuclear Regulatory
Commission Regulation 10 CFR part 50, appendix B, comprises.

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All those planned and systematic action necessary to provide adequate

confidence that a structure, System performs satisfactorily in service. Quality
assurance control, which comprises those quality assurance actions related to the
physical characteristic of material, structure, or system which provide a means to
control the quality of material to predetermined requirements.

One of the most widely used for paradigms for quality assurance management is
the plan-do-check-act.

Quality assurance defines that “whatever we made the product should be assure”.

Quality Assurance Lab of Union

Quality Plastics Limited

The lab of the quality assurance department is well equipped with latest test gauges,
instruments and updated fixtures. In the quality assurance lab, we have seen various
techniques of layout inspection like Digital Venire, CBC equipment, CBD equipment,
Humidity chamber, Hot air oven, Thickness gauge, Micro Weighing Balance, Tensile
Tester, Static pressure Head, Free falling dart impact tester.

FUNCTIONS OF STORAGE DEPARTMENT

 First Transport department receives the product.

 The product is then dispatch to clearance & forward section.
 C&F section collects, entering consignment & dispatch product.
 Function of the receipt, stock and issue section will be to receive the material
from C&F section, check the same with the supply order stock them and
issued them, whenever required.
 The receipt section will maintain record of the supply orders item wise.
 After the completion of inspection, the next step is preparation of Good’s
Received Voucher.
 Separate GRV will be prepared for stores, spares and capital items.

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 The GRV is then sent to stock holder, stockholder check the GRV & sign it &
returned back to C&F section. One copy of the GRV will send to the finance
department for the payment of the suppliers.
 Quality assurance department assures the quality and make quality assurance
certificate. One copy of the quality assurance will send to the finance

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Marketing Department.

“Everything from you that touches your customers and prospects affects your ability

to keep and increase their business with you. It's all marketing.”

The group is very much popular for its High quality produts and customer satisfaction
throughout the world.

This company is located at Umbergaon, approximately 150 Kms. away from the City
of Mumbai which stands as major market for the products of company in India. It also
has an Export of 65% of its total product

It is having an effective, efficient, talented and well qualified Marketing staff.

It has the support from the corporate staffs and manufacturing unit for knowing the
manufacturing and dispatch schedules timely.

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Focus on the Customer.

Union quality plastics ltd spend time listening to their customers (and prospective
customers) in order to understand their needs and wants regarding the product and
service. Soliciting thoughts and input from internal stakeholders such as Sales and
Customer Service is also appropriate, as these departments are typically closest to the
customer.

Monitor the Competition.

Learning about, and understanding the competitive landscape is also the function of
the Marketing Department.

Communicate Internally.

The Marketing Department communicates with all departments inside an

organization. Since any employee (regardless of position) can support (or damage) a
brand, value proposition or even specific program initiatives, the Marketing
Department take responsibility for disseminating information throughout the
organization (this includes internal education and training when appropriate).

Identify consumers’ needs

Businesses today revolve around customers and their needs. It has become all the
more important to identify what exactly a consumer expects from a product or service.
If a particular product or service does not fit in with the customer requirements, they
will not buy it. Here the Marketing departments come to play a very important role.
Their aim is to ensure that new customers buy products or services offered by their
organization and the older ones make repeat purchases.

The aim of the marketing department is to ensure that the changing requirements of
the customers are well understood and product or service is developed or altered to
meet these requirements. Customers’ buying decision is influenced by various factors
just as product features, price, quality packaging, and prompt delivery and after sales
support. The aim of marketing department is to ensure that all these criteria are met
and customers are satisfied. Marketing department aims to work towards finding out
the present and future needs of the customers. In order to anticipate future needs,
proper analysis of customer trends should be undertaken. In order to gain a
competitive advantage it is necessary that the firm has the capability to develop new
products quickly.

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Applications of the products

   

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4 P’s of marketing department are as follows

1. Product

2. Price

3. Place

4. Promotion

Product

“Commodities offered for sales is said to be known as product”

Products of Union Quality Plastics Limited are as follows

1. Woven Fabrics

2. Woven Bags

3. Tarpaulins

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Price

Market value, or agreed exchange value, that will purchase a definite quantity,
weight, or other measure of a good or service Is called Price.

OR

A Price is that when a buyer is willing to pay and a seller is willing to accept
can be said to be known as Price.

Pricing Policy of Union Quality plastics Limited is as follows

Pricing Formulae for (Woven Bags, Fabrics, Tarpaulins)

Current rate of HDPE/LDPE/PP Plastics Granuals

Processing Charge (Wages, Electricity, Maintenance, etc.)

Profit

Price of Final Product

Place

This term really refers to any way that the customer can obtain a product or receive a
service. The ease and options through which you can make your product or service
available to your customers will have an effect on your sales volume.

Union Quality Plastics Limited is having sales in both National & International
Market.

1. National Market

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Union Quality plastics Limited Sales Its 25% of the final Product in the National
Market. The locations of sales are as follows.

Maharastra
Gujarat
Andhra Pradesh
Kerala
Punjab

2. International Market

Union Quality Plastics Limited Sales its 75% of the final product in the International
Market. The locations of sales are as follows.

China
Burma
South Africa
Bangladesh
South Korea

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HR Department.
It is the function of guiding HR in to dynamic organization that attains its objective with
high degree of morale and satisfaction t those who are concern. It is concern with
employees as well as group and helping the employers to maximize their capacities and
potentialities to the possible extent.

HR VISION: -

“To attain organizational excellence by developing & inspiring the true potential
of company’s human capital & providing opportunities for growth, well being and
enrichment.”

HR MISSION: -
“To create a value & knowledge based organization by inculcating a culture of
learning, innovation & team working and aligning business priorities with aspiration of
employees leading to development of an empowered, responsiveness and competent human
capital.”

HR OBJECTIVES: -
 To develop and sustain core values.
 To develop business leaders for tomorrow.
 To provide job contentment through empowerment accountability and
Responsibilities.
 To foster a climate of creativity, innovation and enthusiasm.
 To enhance the quality of life of employees and their family.

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Organization chart

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Recruitment & Selection Process at UQPL

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Recruitment
Job Vacancy Planning
-Numbers
-Types

Strategy
Development
-Where
-How
-When

Searching
-Source
Activation
-Selling

Pool of Applicant

Preliminary
Interview

2nd Interview by
Permanent 6 months Managers of
Selection Probation respective
period Department

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Sources Of Recruitment

Union Quality Plastics Limited believes in Internal Recruitment. The recruitment by

this company is centralized and is done by BOD.

Selection process in Union Quality Plastic Ltd is carried out as

follow:

a) Searching of Profile of the applicant those have applied for jobs.

b) The unwanted applicants which are totally not suitable for the post are
screened out or are kept safely for junior post.

c) After the screening of applicant the venue, time and date for interview are
fixed.

d) The applicants who are suitable for the job are sent the call letter or are called
by company.

e) Then the interview is being conducted by BOD.

f) The applicants who match the requirement for the job are sent the offer letter
or final letter for the job .

g) If the job offered is accepted by the applicant, then the employment contract is
being signed by the applicant and the organization.

In this way the selection process is conducted in Union Quality Plastic Ltd.
So in this way a candidate is selected for the

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Induction.

All BOD’S are expected to plan a formal induction programmed for all the candidates
joining the company in order to help the candidates in

 Acquiring an over all grasp of companies operations.

 Integration of his assignment without other functions.

 Understanding the organizational values and work cultures.

The induction programmed also includes visiting factories and markets wherever
necessary before the employees settles downs on his specific assignments.

There will be a monthly presentation for employees joining during that month on
the company.

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TRAINING

TYPES OF TRAINING PROGRAMS: -

CENTRALISED TRAINING: -
It involves sending nominations to central agency for seniors, which is situated at
Dehradhun institute of management. This training is mainly for senior officers. It is
conducted at Dehradhun institute of management.

REGIONAL TRAINING INSTITUTE: -

It is training given on regional based. This training is mainly for staff members.

GRADUATE TRAINING: -
It is also known as induction training. It introduces new joiners to organization.

NEED BASED TRAINING: -

Union quality plastics ltd provide need-based training to its employees. This
sort of training is provided to employees to enhance their skills and capabilities as
per the requirement of the specific job

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TRANSFER POLICY

 Individual preference and recommendation of the asset manager

Project\functional heads are the basis for job rotation\transfers.
However, organization needs will be the prime-determining factor.

 Female employees up to E-4 level may not generally be transferred to North

East states or to offshore area, except at their own request or on
Administrative / Operational grounds.

 Executives not to be shifted if they have served only two years in a station.

 Sensitive posting are to be rotated after every three years.

 Executives posted to North east sector should join by 31st of may of that year
And are required to complete tenure of three years duration from the date of
Their joining.

 Executive posted at north east sector should work for 150 working days in a
Year during their three years tenure. These 150 days include training (India
And abroad) but does not include closed holidays tours and EOL. For duly
The working days are 120 days.

 Field party personal working physically for five years in north east sector
There treated to have completed their tenure in north - east sector.

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COMPENSATION

COMPENSATION FOR ACCIDENT WHILE ON DUTY: -

Employees who meet with an accident while on duly are eligible for compensation
under the workmen compensation act, 1923.
Employees who are otherwise not covered under the workmen compensation act, 1923
and who meet with an accident while on duty is also considered for grant of
compensation on merit as if the workmen compensation act, 1923 would have governed
them.

Accidental insurance: -
Employees belonging to certain categories who meet an accident while on duty
onshore\offshore. Resulting in total\permanent or disablement or death is paid
accordingly.

Employee welfare committees: -

To organize, maintain and improve various welfare amenities, employees welfare
committees are setup in various offices of the corporation. Following types of amenities
are as follows:

 Indoor games
 Outdoor games
 Sports, annual sports and any other athletic activity
 Cultural activities including audio-visual activities.
 Library cum reading room
 Any other activity, which may be specially approved by the central
Welfare committee.
 The committee consists of a president, a vice president and ten other
Members.

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PERFORMANCE APPRISAL

Performance appraisal is the system used to evaluate the performance of employees, and
to provide some rewards and incentives on their performance. Performance appraisal
focused primarily on helping the individual to develop his\her present role capability for
that role.

 To provide feedback to employees so that they come to know where they

stand and can improve job.

 To know the strengths and weakness of individual so as to identify needs of

training.

 To provide the motivation to the employee.

 To develop positive superior subordinates relationship.

To test effectiveness of recruitment and selection programs

EMPLOYEE WELFARE COMMITTEES:

EWC have been set up in various offices\projects, to cater t the athletic, cultural,
literary and other welfare and recreational activities of the commission’s employees. The
committee shall be under the general control of the oil and natural GAS commission. It
shall consist for a president, vice president and ten members.

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FINANCE DEPARTMENT: -
Finance department looks after all the financial needs of the entire department in
the organization. It prepares budget, which shows the present status of the
company.

ACCOUNTING RATIOS

Accounting ratios are the relationships expressed in mathematically terms

between the figures with each other in any other manner. It is widely tool for the financial
analysis. One can draw conclusions about the exact financial position of a concern with
the help of the ratios.
Classification of the Ratios: -

I. Traditional Classification:
The Traditional Classification has been on the basis of the financial statement to
which the determination of ratio belongs. The Traditional Ratio may be classified as;
 Profit & Loss Account Ratios, i.e., Ratio calculated on the basis of the
items of Profit & Loss Account only. e.g. .Gross profit ratio, Stock
turnover ratio, etc.
 Balance sheet ratio, i.e., Ratio calculated on the basis of the items of
Balance sheet only. E.g. Current ratio, Debt equity ratio, etc.
 Inter – Statement ratio, Ratio calculated on the basis of both the items
of Balance sheet as well as the Profit & Loss Account, e.g. Fixed asset
turnover ratio, Profitability ratio, etc.

II. Functional Classification: -

The Traditional Classification has been found to be too crude and unsuitable
because analysis of balance sheet and income statement can’t be done in isolation. So in
such situation the Functional Ratios are very useful. Functional Ratio may be classified
as;

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 Liquidity ratios.
 Turnover ratios.
 Profitability ratios.
 Financial ratios.

1) PROFITABILITY RATIO: -
As we know that the primary and the main objective of any organization is
to earn profit. That is why this ratio is very much useful in find out the profitability of an
organization. This profitability ratio includes;

a) Operating Ratio:
This ratio is the complementary of Net profit ratio. This ratio can be
calculated by dividing the operating profit by sales.

b) Gross Profit Ratio:

These ratios express the relationship between the gross profit and Net
sales. There is no ideal ratio for evaluating the Gross profit ratio. This Gross Profit
ratio can be calculated by dividing the Gross profit by sales.

c) Net Profit Ratio: -

Net Profit Ratio is the ratio of Net Profit to Net sales. It is known as profit
margin. This ratio is one of the most important ratios in financial statement analysis.
This Net Profit ratio can be calculated by dividing the Net profits by sales.

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d)Return on investment: -
Return on shareholder’s investment is popularly known, as ROI is the
relationship between the net profit and shareholder’s funds. This ratio is helpful in
measuring the overall efficiency of the firm.

e) Earning per share (EPS): -

This ratio is useful to know how much an investor earns on a single share.
This can be calculated as dividing the Profit after tax (PAT) by total no. Of shares.

f) TURNOVER RATIO: -
Funds are invested in various assets in a business to make sales and earn
profit. The efficiency with which assets are managed directly affects the volume of
sales. The better the management of assets, the larger the amount of profit and sales.
Turnover ratios measure the efficiency and effectiveness with which a firm manages
its resources or assets. Thus, overall Turnover Ratios includes;

a) Inventory Turnover Ratio: -

Inventory Turnover Ratios indicates the number of times the stock has
been turned over during the period and evaluate the efficiency with which a firm is
able to mange its inventory. It indicates whether the inventory is efficiently used or
not. It is also known as stock Turnover Ratio. This can be calculated by dividing the
cot of goods sold by average inventory.

b) Debtors Turnover Ratio:-

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Inventory Turnover Ratios indicates the velocity of debt collection of a

firm. It denotes the number of times average debtors receivable are turned during the
year. The higher the value of debtors turnover, the more efficient the management of
credit. This ratio can be calculated by dividing net credit sales by average debtors.
Net credit sales are gross credit sales minus return from the customers.
Average debtors are the simple average of the debtors at the beginning and at the end
of the year.

c) Working Capital Turnover Ratio: -

Working Capital is directly concerned with the sales. Working Capital
means the difference between the Current assets and Current liabilities. Working
Capital Turnover Ratio can be calculated by dividing Net sales by Working capital.

d) Fixed Asset Turnover Ratio: -

Fixed Asset Turnover Ratio indicates the extent to which the Investment in
fixed Assets contributes towards sales. This Fixed Asset Turnover Ratio cab be
calculated by dividing Net sales by net fixed assets.

g) LIQUIDITY RATIO: -
Liquidity Ratios measures the ability of the firms to meet its current
obligations. It provides quick measures of liquidity by establishing a relationship
between cash and other current assets to current obligations. A very high liquidity also
bad since idle assets earn nothing. The most common liquidity ratios are;

a) Current ratio: -
Current ratio may be defined as the relationship between current assets and
current liabilities. This Current ratio can be calculated by dividing total current assets
by total current liabilities.
Current assets includes cash, bank, Sundry debtors, receivables, stock,
which can be converted into cash within a one year. Current liabilities are those which
can be payable within a one year like Sundry creditors, Bills payable, etc.

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b) Quick Ratio: -
Quick Ratio, are also known as Liquidity ratio or Acid test ratio. The term
liquidity refers to the ability of firm pay its short-term obligation as when they
become due. Quick ratio may be defined as the relationship between quick or liquid
assets and quick or liquid liabilities.

This quick ratio can be calculated by dividing total quick assets by total
current liabilities.

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Balance Sheet of Union ------------------- in Rs. Cr. -------------------

Quality Plastic Industries.
Mar '00 Mar '01 Mar '05

12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 4.82 4.82 4.82
Equity Share Capital 4.82 4.82 4.82
Share Application Money 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00
Reserves -9.81 -12.25 -17.75
Revaluation Reserves 0.00 0.00 0.00
Networth -4.99 -7.43 -12.93
Secured Loans 12.55 13.19 12.94
Unsecured Loans 4.55 4.24 4.82
Total Debt 17.10 17.43 17.76
Total Liabilities 12.11 10.00 4.83
Mar '00 Mar '01 Mar '05

12 mths 12 mths 12 mths

Application Of Funds
Gross Block 9.63 9.67 9.66
Less: Accum. Depreciation 3.61 4.21 6.53
Net Block 6.02 5.46 3.13
Capital Work in Progress 0.00 0.00 0.00
Investments 0.02 0.01 0.01
Inventories 2.22 1.50 1.46
Sundry Debtors 3.71 3.05 1.80
Cash and Bank Balance 0.10 0.74 0.18
Total Current Assets 6.03 5.29 3.44
Loans and Advances 3.02 2.31 1.11
Fixed Deposits 0.67 0.00 0.00
Total CA, Loans & Advances 9.72 7.60 4.55
Deffered Credit 0.00 0.00 0.00
Current Liabilities 3.69 3.11 2.88
Provisions 0.00 0.00 0.00
Total CL & Provisions 3.69 3.11 2.88
Net Current Assets 6.03 4.49 1.67

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Miscellaneous Expenses 0.05 0.04 0.03

Total Assets 12.12 10.00 4.84

Contingent Liabilities 0.12 1.55 0.00

Book Value (Rs) -10.32 -15.41 -26.83

Profit & Loss Accounts (Rs. in millions)

March - 2005 %
(12 months)
Sales 97.68 +1.00
Other Income 0.17 +0.00
Total Income 97.85 -
Raw Material Cost 79.22 +0.81
Excise 0.00
Other Expenses 20.97 +0.21
Operating Profit -2.52 -0.03
Interest Name 0.00
Gross Profit -2.52 -0.03
Depreciation 5.96 +0.06
Profit Bef. Tax -8.31 -0.08
Tax 0.00
Net Profit -8.31 -0.08
Other Non- Recurring
0.00
Income
Reported Profit -8.31 -0.08

Equity Dividend 0.00

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SWOT Analysis
Full form of SWOT

S strengths
W weaknesses
O opportunities
T Threats

Meaning of SWOT

Environmental scan

Internal analysis external analysis

Strength weaknesses opportunities threats

Strengths

Firm strengths are its resources and capabilities that can be used as a basic for
developing a competitive advantage. E.g. patent s, strong brand name, good reputation
among customer, exclusive access to high grade natural resources , favorable access
to distribution networks etc.

Weaknesses

The absence of certain strengths may be viewed as a weaknesses E.g. poor protection
among customer high cost structure, etc.

Opportunities

The external environment analysis may reveal certain opportunities for profit and
growth. E.g. a fulfilled customer needs technologies

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Threats

Change in the external environment also may present threats to the firm.

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SWOT ANALYSIS OF UNION PLASTIC LTD.

STRENGTHS...

 Our products has obtained Certificate of Quality as per ISO Standard

9001:2000 for HDPE/LDPE and Woven Fabrics with Specialization in
Tarpaulins from ORION Registrar, Inc; USA

 High standards of business ethics and organizational values.

 Providing quality products for customer satisfaction

Weakness
 Limited capital

 Bad working environment

 Weak management

Opportunity
 Diversified capital

 Domestic market.

 Strive for customer delight through quality products and services.

Threats
 Huge competition
 Technology

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Conclution

Every activity has a purpose or an objective behind it. This project has helped us in
gaining experience and acquiring certain knowledge about the company in practical
life.

o It believes in maintaining good relationship with the customers & suppliers.

o The tarpaulin manufactured over here is of good quality so customers are
reliable about the product.

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Suggestions

 Union Quality Plastics LTD should work towards increasing its

profitability

 Inventory ordering should be managed in such a manner as to reduce the

lock up of funds in inventories.

 Working environment should be improved for the safety of the workers.

 New technology should be adopted for increase in profits.

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Bibliography

 Wikipedia

 UNION QUALITY PLASTIC LTD.

 www.unionqualityplastics.com

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