08-08-2012, 04:58 PM
STUDY OF WORKING CAPITAL MANAGEMENT AT RAYMOND LTD. JALGAON
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Introduction to Organization
History of Raymond Ltd.
Incorporated in 1925, the Raymond group is Rs.1400 crores plus conglomerate having business in Textiles.
Raymond’s capacity of producing 33 million meters of wool & Wool-blended fabrics,
Readymade Garments, Engineering files & Tools, Prophylactics and Toiletries.
The group is the leader in textiles, apparel, & files & tools in India and enjoys a pronounced position in the international market. Raymond believes in excellence, quality and Leadership. Mr. Gautam Hari Singhania is a chairman cum Managing Director of this company.
Excellence is a way of a life at Raymond that has been manifested in all of their endeavors over 78 years. These endeavors have been translated into designing and developing products of international standards delivering enhanced value though brand building, distribution, and customer relationship. Raymond today is a culmination of untiring human efforts based on the fabric of values. People are there prime resource in establishing market leadership. The Raymond’s Ltd Value integrity and the long-ter m association shared with their people. It also believe in the continue professional and personal development of the employees.
Industrial Profile
Raymond Ltd.
Raymond textile is India’s leading producer of worsted suiting fabric with over 60% market share with a capacity of 33 million meter of wool and wool-blended fabrics, Raymond textile is the world’s third largest integrated manufacturer. The company exports it’s suiting to more than 50 countries including USA, Canada, Europe, Japan and the middle East. Over the years, Raymond textile has developed strong in-house skills for research and development, which has resulted in path-breaking new products.
Recognized as the most respected textile company of India. Raymond Limited is amongst the first three fully integrated manufacturers of worsted suiting in the world. As the flag- bearer of the multi-product, multi-divisional Raymond group, it enjoys over 60 share of India worsted suiting market.
It produce 33 million meters of high-value pure-wool, wool blended and premium polyester viscose suiting in addition to half a million blankets and shawls, all marketed under the flagship brand “Raymond” a worldwide trusted name since 1925. It also produces and markets plush-velvet furnishing fabric in wide array of designs and colors including carpeting for the niche markets of India and Middle East.
About Jalgaon Plant
The JALGAON Unit is one of the three production Divisions of the Textile Division located at Jalgaon on Nagpur-Mumbai rail and road route in MIDC Industrial Estate on Ajanta Road.
The Division commenced production in March 1979. JALGAON Unit has worsted plant. The Worsted Plant produces high quality gray fabrics in polyester-wool and polyester- viscose blends. Total Production is 15000-meter fabric/day. Total Workmen in the company is about 1301.
For the worsted plant, the min inputs are the polyester Wool All Wool blended tops received from Chhindwara Unit and thane Unit of Raymond Limited. The JALGAON Unit supplies all the gray mended fabrics to the Chhindwara / thane Unites for further procession. The production is planned on basis of yearly / monthly targets and programmers received. The JALGAON Unit is Committed to protection environment especially air, water, and land. In pursuit of this goal, the JALGAON Unit is focusing on
protection of environment through features like effluent.
Analysis and Interpretation of Data for the Study: -
Data and information collected for the study through primary and secondary source are arranged and tabulated properly, while tabulating the data bare amounts, figures and information of percentages, index number, proportions and ratios are used. For effective presentation of data, the technique of graphs is also used in the project report. In this way various statistical tools are used in this study.
On the basis of presentation of information and data as above, Necessary comments are made on the basis of trends shown by the Figures inserted in the tables. Accordingly appropriate remarks are drawn.