An Introduction: Fibers, Yarns & Threads Industry Overview
An Introduction: Fibers, Yarns & Threads Industry Overview
An Introduction
Fibers, Yarns & Threads analysis is an essential activity for the whole fiber
and yarn industry as they are important component of textile industry. As per the fiber
report, the trends favor man made fibers, yarns and threads. They have grown
considerably in the recent years which has resulted in significant increase in their
production and consumption. However, this rise is due to increased consumption
in China which sustains global demand. But demands in fiber industry of other
developed countries have decreased due to restructuring of their textile industry.
The output of man made fiber had increased in Asia by 11.9%. The
consumption of wool and cotton has also increased here by 2.5%. A decline was seen
in Europe and Americas at nearly 4.5% each. The growth in today's booming markets
is predicted to be restricted by energy and raw material shortages.
Fiber trends have been favorable to man made fiber output of China,
which increased by 17.4% in 2007. India's output of raw materials for cotton and man
made fibers also increased in the same period. The production of spun yarns,
cellulosic and synthetic fibers also increased in India. Other countries like Egypt,
Thailand and Vietnam are continuously gaining importance. Other high potential
nations like Cambodia, Indonesia and Uzbekistan are waiting for investments to tap
their full potential.
For the period until 2020, an additional demand of 30 million tonnes of fibers,
yarns and threads is forecast, raising the annual per capita consumption from 10.9 kg
to 13.5 kg by 2020. Man made fiber will keep on gaining importance
and Polyester will continue to dominate due to its favorable cost benefit ratio.
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Fibers, Yarns & Threads : The Worldwide Trends
The Growth trend of fiber is not even and is increasingly shifting towards
developing economies particularly the Asian countries. Investors, particularly all the
companies including fiber companies, yarn companies and thread industry, are
installing new machinery in lower cost regions. In developed and newly industrialized
countries, the spinners are facing increasing competition from filament yarns and non-
wovens too. In spite of all these, many developed economies like Italy are still
competitive and have a flourished spinning industry defeating its high labor costs. It is
the result of practices adopted by the fiber and yarn industries, like economy
exercised while production, state-of-the-art technology for minimizing labor cost,
electronic monitoring system for improving productivity, speed, quality and
flexibility, innovations in designs and fibers etc.
The yarn analysis too shows that the abolition of quotas has presented new
challenges in front of the yarn manufacturers. As a result of the above trends, the yarn
companies in developed economies will be forced to move closer to centres of textile
and apparel production so that they may offer quick response to changing demands
and may also lower prices to remain competitive.
INTRODUCTION
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Garden Vareli group of companies, one of the leading industrial groups in
India, plays a leading role in the field of fashion fabrics. With annual sales
exceeding U.S $ 90 million, they sell their products under a single banner of
quality Garden.
Garden Silk Mills Ltd. is one of the leading & oldest manufactures of
synthetic in India. Garden Silk Mills Ltd. has been exporting their products to
European markets since late 1970s. The company has made vertical & horizontal
integration from its establishment.
The company has three production plants: one at Village Vareli, near
Kadodara junction, N.H.No.8, the second at Village Jolva, near Bardoli, and
another at Garden Mills Complex, Sahara Gate, Surat. Today the company has
total 293 its own retail and authorized outlets all over India.
The company has achieved a very good brand name in Indian &
International Market of Sarees & Dress Materials.
The company has achieved sales during financial year 1997-1998 of Rs.58,
871.04 lacs. & Rs. 133160.83 lacs. during 2008-2009.
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The origins of the business go back to 1920 when Mr.Amichand Shah
installed the first Chatterley looms in Surat. Since 1920 the company expanded not
only by increasing the production capacity and workforce of the business but also
by pioneering new material and processes.
The present Chairman and Managing Director of Garden Silk Mills Ltd., Mr.
Praful Shah is the youngest son of Mr. Amichand Shah. Mr. Praful Shah taken
qualification in USA in 1965 after which he joined the company, up to that date
Garden Silk Mills Ltd. had activities of the Company to include processing cloth
by introducing dying, printing and finishing processes. As a result of this, the
company was able to supply finished textiles for the first time.
In the 1970s, the company recruited fine arts graduates from leading
institutions. An art studio was set up. The company started introducing its own
design and supplying these designs to the market. Prior to this, the designs
produced had been a function of consumer demand and from this manufacturer.
This was the first step in building a vertically integrated synthetic textile
manufacturer and designer.
COMPANY PROFILE
Plants: -
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1. Vareli complex,
Village Vareli,
Taluka: Palsana,
Dist. Surat 394 327
Tel: - (02622) 271241 47
2. Village Jolwa,
Taluka: -Palsana,
Dist. Surat 394 305
Tel: (02622) 271287-89
Registered Office: -
Sahara Gate,
Surat-395 010.
Tel: (0261)2311197-98, 2311615
Fax :( 0261)2311029/502
Email: [email protected]
Corporate office: -
Manek Mahal,
90, Veer Nariman Road,
Church gate,
Mumbai-400 020
Tel: (022) 2287 3117-19
Fax: (022) 2204 8112
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Madhapur, Hyderabad-500 081
Tel No.040-23420815 to 24
Fax No. .040-23420814
E-mail: [email protected]
Http:/ www.karvy.com
Bankers: -
1. Bank of Baroda
2. Allahabad Bank
3. State Bank of Saurastra
4. Bank of India
5. State bank of Patiala
6. Corporation Bank
7. Union bank of India
8. Indian bank
9. Landesbank Baden - Wurttemberg
Board of Directors:-
Praful A. Shah
(Chairman & Managing Director)
Alok P.Shah
(Joint Managing Director)
The company can know about the awareness of Garden silk mills POY
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In Surat.
The consumer behavior plays a vital role in the success of the company. In many
cases the companies fail due to lack of knowing consumer behavior, so this leads to the
study of the consumer behavior. This study was mainly entitled to understand how the
consumer behavior works in the organization and what is the contribution to the success
of the company. This research basically concentrates on the factors, which have
influence on good consumer behavior, and how to bring awareness in the company
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Gardens impressive marketing network encompasses 68 Dealers, 25
Company-owned Depots and 293 Retail outlets in over 65 cities of India. Garden
fabrics are exported to a host of countries including the U.K., France, Spain, Portugal,
Greece, the Middle East and Gulf countries, USA, Australia, Singapore, Thailand,
Hong Kong, Mauritius, South Africa and Brazil.
Every company requires some sort of planning for their product. Plants are to
be taken into consideration of product. The buyer purchases that product when it is
demand of their product. It helps to know about the market and consumers whom they
have to deal with.
The Garden Silk Mills have so many varieties of products. The products produced by
them do not require much of a planning. The products produced by them are dyed
printed synthetic, textile fabrics, caption fabrics and Grey cloth prepared yarns.
Readymade garments and textile machinery.
ORGANISATIONAL STRUCTURE
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CHIEF EXECUTIVE
MARKETING MANAGER
EXECUTIVE
GENERAL STAFF
MARKETING PROCESS
Preparatory Process
YARN
GRAY FABRIC
Processing (Dyeing & Printing)
MARKETING SET
UP.
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CONCEPT OF CONSUMER BUYING BEHAVIOR
The main aim of marketing is meet and satisfy target consumers need and
wants buyer behaviour refers to the peoples or organization conduct activities and
together with the impact of various influences on them towards making decision on
purchase of product and service in a market. The field of consumer behaviour studies
how individuals, groups and organizations select, buy, use and dispose of goods,
service, ideas, or experience to satisfy their needs and desires understanding consumer
behaviour and knowing consumer are never simple. The wealth of products and
service produced in a country make our economy strong. A behaviour of human being
during the purchase is being termed as "Buyer behaviour". Consumer says one thing
but do another. They may not be in touch with their deeper motivations. They are
responding to influences that change their mind at the last minute. A buyer makes take
a decision whether save or spend the money.
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MODEL OF BUYING BEHAVIOR
Buyers
Marketing Characteristic Buyers Buyers
stimuliOther Decision processCultural decision
stimuliProduct Social Product
Price Personal choice
Place Psychological Brand choice
Promotion Economic Problem
Dealer
Technological choice
Recognition
Political Timing
Information search
Cultural Purchase
Evaluation of alternatives
Purchase decision
The wealth of product and services produced in a country make our economy
strong. Almost all the products, wish are available to buyers, have a number of
alternatives supplies that is substitute products are available to consumers, who make
a decision to buy a product. Therefore, a seller most of his time seeks buyers and tries
to please them.
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FACTOR AFFECTING BUYING BEHAVIOR
1. Cultural Factors.
a. Culture: Culture is the most fundamental
determinant of a person wants and behaviour. The growing child acquires a
set of values, perception, preference and behaviours through his/her family
and other key institution.
b. Sub-Culture: Each culture consists of
smaller subculture that provides more specific identification and socialism
for its members. Subculture includes nationalities, religion and
geographical regions. Many sub-cultures makes up important market
segments and marketers often design products and marketing programs
tailored to their needs.
c. Social Class: Social classes do not reflect
income alone but also other indicators such as occupation, education and
areas of residence. Social classes differ in their dress speech, patterns
recreational tailored to their needs.
2. Social Factors:
a. Reference Group: People are influence by their
reference groups frequently. Reference group expose an individual to
know behave lifestyle and ours. They also influence the persons attitude.
There self- concept and they create peoples.
b. Family: The family is the most important
consumer buying organization in society and it has been researched
extensively. Family members, constitutes the most influential, primary
reference group. We can distinguish between two families in the buyer
behaviour. The family of orientation consists of ones parents and sub
links. From parents a person acquires an orientation towards religion,
politics and economics and sense of personal ambition. Self worth and
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love. A more direct influence on every day buying behaviour is ones
family of procreation namely ones spouse and children.
c. Role and Status: A person participates in many
groups throughout life, family, club, and organization. The persons
position in each group can be defined in terms of roles and status.
3. Personal Factors:
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4. Psychological Factors:
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MODEL OF CONSUMER BUYING PROCESS
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1. Reorganization of unsatisfied need: When a person has an unsatisfied need,
the buying process begins to satisfy the nature of high wants indicates the
speed with which a person moves to fulfil the unsatisfied wants which is of
high pressing need on the basis of need and its urgency from the order of
priority. Marketers should finish the information of selling points.
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WHAT IS RESEARCH?
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RESEARCH DESIGN
-------------Prof.F.N.KERLINGER
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TYPES OF MARKETING RESEARCH/RESEARCH DESIGN:
RESEARCH DESIGN
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C) Causal Research Design:-
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SAMPLE DESIGN
Sampling:-
Sampling is process of selecting a segment from the population to obtain
information ascertainable reliability about the population.
Sample area: - Surat city
Sampling element: - Garden Silk Mills POY
Sampling method:-
It indicates how the sample units are selected. There are two types of
sampling method:
1) Probability sampling method
2) Non-Probability sampling method.
In this research we have used convince method of probability
sampling because the questionnaire will be filled up by the respondents who will be
selected randomly without any bias.
Sampling unit:-
A sampling unit is the basic unit containing the elements of the
population. It may be the element itself or a unit in which the element is contained.
Here our sampling unit is 100.
Source of data:-
There are mainly two sources of collecting data Primary Data & Secondary Data.
Primary Data: -
From managers, expert opinion, Questionnaire, Competitors
interview, etc.
Secondary Data: -
From staff annual report, Internet, magazine & annual Report
of the company etc.
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OBJECTIVES OF STUDY:-
1. To know about the consumer buying behaviour of the Garden silk mills POY
Surat
2. To study the future influences on purchase decision of Garden silk mills POY,
Surat.
3. To study the consumer perceptions and their brand image of Garden silk mills
POY.
SCOPE OF STUDY:-
The Main scope of the study Surat is a big market of textile & P.O.Y.
Identify changes in the existing market
Build up a knowledge bank
Improve market awareness & opportunities
Reduce risk and uncertainty
Support marketing mix decisions
Support marketing planning and controls
Improve understanding of marketing
Solve ad-hoc problems
LIMITATIONS OF STUDY
The duration of time i.e. Six week is not enough for study.
Company only allowed 2-3 year past data so study may be
Inadequate.
Some consumers are not ready to give response of questionnaire
As a student it is very expensive for us to do research & survey.
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Criteria Respondents % of Respondents
Garden 30 30
Reliance 30 30
Indo-Rama 10 10
JBF 5 5
Modern 5 5
Rajashree 3 3
Gupta 8 8
Nova 6 6
Other 3 3
Total 100 100
Interpretations: from the above Graph, Highest 30% of respondents are purchased
Gardens POY and 30% are purchased Reliances POY. Respectively and remaining
3% respondents are used other companys POY.
[Note: Above chart shows that 30 respondents are purchased POY of garden silk
mills. So, we will consider responses of 30 respondents for further survey.]
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0-200 2 7%
200-500 3 10%
500-1000 15 50%
1000-1500 3 10%
1500-2000 5 17%
Above 2000 2 7%
Total 30 100%
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Quality 10 33%
Price 5 17%
Payment Term 5 17%
Brand Image 5 17%
Availability 2 7%
Service 2 7%
Other 1 2%
Total 30 100
Interpretations: from the above Graph, 33% of the respondents are considered a
Quality & Price while purchasing a POY, 17% of the respondents are considered a
price while purchasing a POY and Remaining 17%, 17%, 7%, 7% are considered a
Payment term, Brand Image, Service, other respectively.
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company Reliance Garden Indo- Gupta Nova Jbf Modern
rama
Price 1 2 5 3 4 6 7
Rank
Interpretations: from the above data almost most of the respondents given rank as
follows:
Reliance-1, Garden-2, Gupta-3, Nova-4, Indo-rama-5 and respectively
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Table 6: Quality of Garden Silk Mills POY
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Interpretations: - from the above Graph, 37% of the respondents are said that
Physical Strength of gardens POY is good, 23% said very good and 1% said Vary
Good. While 20% said Physical Strength of Gardens POY is fair and 10%
respondents are said Vary Poor.
Table 6.2: Packing
Interpretations: from the above Graph, 43% of the respondents are said that
Packing of gardens POY is Good, 40% said Vary good. While 10% respondents are
said Packing of Gardens POY is Fair and 7% respondents are said Poor and there is
no any single respondents of very poor.
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Table 6.3: Luster of POY
Luster of Products No. of Repondents Respondents (in %)
Very Good 9 30%
Good 17 57%
Fair 3 10%
Poor 1 3%
Very Poor 0 0%
Total 30 100%
Interpretations :- from the above Graph, 57% of the respondents are said that Luster
of gardens POY is Good, 30% said Vary good. While 10% respondents are said
Luster of Gardens POY is Fair and 3% respondents are said Poor.
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Table 7: service level
Interpretations: from the above Graph, 33% of the respondents are said that
Service of gardens POY is Very Good, 30% said Fair. While 27% respondents are
said Service of Gardens POY is Good and 3% respondents are said Poor and
remaining 7% said Vary Poor.
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Table 8: Advertises influences
Advertisement No. of respondents % of Respondents
T. V. 2 7%
Magazines 2 7%
Hoardings 0%
Newspapers 8 27%
Catalogues 15 50%
Posters 3 10%
Total 30 100%
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Table 9: Brand image of Garden silk mills POY
Interpretations: from the above data, 33% respondents said brand image of
company is satisfactory and 13% said it is poor and 23%, 30% said very good and
good respectively.
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Table 10: future purchasing tendency of POY
Interpretations: from the above data, 57% respondents said we will purchase the
POY of Garden silk mill Ltd and rest of them given negative response.
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FINDINGS
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CONCLUSION
The company can know about the awareness of Garden silk mills POY in Surat.
The company can know the image of its in the mind of consumers.
The company can know competitors price of POY and various services
provided by them.
The company can know the quality of POY of various companies.
The company can know the service level of it which is provided to their
consumers.
RECOMONDATION
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To capture and increase the overall selling of Garden silk mills POY, a company
should give advertise through TV, magazines and news paper.
A company should more focus on price more than quality because price of
Reliance is also so high and it is given more Quality full POY than Garden.
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BIBLIOGRAPHY
BOOKS
1. Philip Kotler [ Marketing Management, 3th edition( A south Asian perspective)
2. PROF.F.N.KERLINGER
WEBSITES
1. www.gardenvareli.com
2. www.fibre2fashion.com
3. http://info.shine.com/company/Garden-Silk-Mills-Limited/986.aspx
4. http://www.source2update.com/Company-Profile/Garden-Silk-Mills-
GARSIL.html
5. http://www.teonline.com/fibers-yarns-threads/industry-overview.html
QUESTIONNAIRE
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CUSTOMER BUYING BEHAVIOUR
OF GARDEN SILK MILLS POY IN SURAT.
Name;-
Address;-
Contact no;-
2) How much quantity of yarn do you purchase per annum? (In ton)
0-200 200-500 500-1000
1000-1500 1500-2000 Above 2000
3) From which sources did you come to know about Garden silk mills POY?
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Gupta
Nova
jbf
Modern
7) What do you think about the services provided by Garden silk milk Ltd?
(Response of Complains & Co-operation of Dealer regarding product information
& Quarries)
Very good Poor Good
Very poor Median
9) How do you feel about the brand image of Garden silk mills POY?
Very good Satisfactory
Good Poor
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