PROJECT ON NITCO LTD.

A REPORT SUBMITTED BY:-

PANKAJ PREET SINGH

SUBMITTED TO:-

Ms. HARJIT KAUR

In partial fulfillment for the award of the degree of

MBA AT CHANDIGARH GROUP OF COLLEGES

GHARUAN (MOHALI)
FEBRUARY 2013
1

MANAGEMENT INFORMATION SYSTEM

INTRODUCTION
A management information system (MIS) provides information that organizations need to manage themselves efficiently and effectively. Management information systems are not only computer systems. These systems encompass three primary components: technology, people (individuals, groups, or organizations), and data (information for decision making). Management information systems are distinct from other information systems, in that they are used to analyze and facilitate strategic and operational activities. Academically, the term is commonly used to refer to the study of how individuals, groups, and organizations evaluate, design, implement, manage, and utilize systems to generate information to improve efficiency and effectiveness of decision making, including systems termed decision support systems, expert systems, and executive information systems. Most business schools (or colleges of business administration within universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and sometimes others, and grant degrees (at undergrad, masters, and PhD levels) in MIS.

TYPES OF MIS
Most management information systems specialize in particular commercial and industrial sectors, aspects of the enterprise, or management substructure.

Management information systems (MIS), produce fixed, regularly scheduled

reports based on data extracted and summarized from the firms underlying transaction processing systems to middle and operational level managers to identify and inform structured and semi-structured decision problems.

Decision support systems (DSS) are computer program applications used by middle
management to compile information from a wide range of sources to support problem solving and decision making.

Executive information systems (EIS) is a reporting tool that provides quick access
to summarized reports coming from all company levels and departments such as accounting, human resources and operations.

Marketing information systems are MIS designed specifically for managing the
marketing aspects of the business.

Office automation systems (OAS) support communication and productivity in the

enterprise by automating work flow and eliminating bottlenecks. OAS may be implemented at any and all levels of management.

School management information systems (MIS) cover school administration,

and often including teaching and learning materials.

ADVANTAGES OF MIS
The following are some of the benefits that can be attained for different types of management information systems.

Companies are able to highlight their strengths and weaknesses due to the presence of revenue reports, employees' performance record etc. The identification of these aspects can help the company improve their business processes and operations.

Giving an overall picture of the company and acting as a communication and planning tool.

The availability of the customer data and feedback can help the company to align their business processes according to the needs of the customers. The effective management of customer data can help the company to perform direct marketing and promotion activities.

Information is an important asset for any company in the modern competitive world. The consumer buying trends and behaviours can be predicted by the analysis of sales and revenue reports from each operating region of the company.
3

Company History - Nitco Ltd

The NITCO Group came into existence in the year 1956 with the formation of a partnership firm at Delhi under the name of The Northern India Tiles Corporation (Delhi) for manufacturing mosaic tiles. The partners of this firm were Mr. A.N. Talwar (HUF), Mr. P.N. Talwar and Mr. W. N. Talwar.

In the year 1964, another partnership firm was formed under the name of The Northern India Tiles Corporation (Bombay), with Mr.A.N.Talwar, Mr. P.N.Talwar, Mr.W.N.Talwar, and others as partners to manufacture mosaic tiles at Thane, Mumbai, wherein by an agreement, a license was granted by The Northern India Tiles Corporation (Delhi) to use the brand "NITCO".

NITCO Group is engaged in segments relating to construction industry, which includes building products, manufacturing tiles, paints and other construction activities. Our Company is the flagship company of the group. Mr. Vivek Talwar and Ms. PoonamTalwar, son and daughter of Mr. PranNathTalwar respectively, joined the Nitco Group and are now in charge of the management of our Company as well as our group companies.

Our Company
Nitco Tiles Private Limited was incorporated on July 25, 1966 at Delhi to take over the business of manufacturing and marketing of tiles from The Northern India Tiles Corporation (Bombay). On May 11, 1973, the registered office of the Company was shifted from the Union Territory of Delhi to the State of Maharashtra vide order of the High Court at Delhi. Subsequently, our

company was converted into a public limited company with effect from January 25, 1996. Pursuant to this, the name of our Company changed to Nitco Tiles Limited.

Pursuant to the takeover of the business of the partnership firm, our Company started to manufacture mosaic and terrazzo tiles at Thane, Maharashtra. In 1984, we started our operation at Kanjurmarg, Mumbai for processing and distribution of imported marble in India. Growing further, in 1995, we began the implementation of a green field project for manufacture of ceramic floor tiles at Alibaug, Maharashtra and started the commercial production of ceramic tiles in 1997. In 2002, we started one more marble processing unit at Slivassa. In 2004, we scaled up operations of outsourcing vitrified tiles from China. Currently, our product portfolio comprises of ceramic tiles, vitrified/wall tiles, cement terrazzo tiles, pavers and marbles etc. In 1995, our Company commenced to set up a project for the manufacture of ceramic tiles at Alibaug in Maharashtra. The project cost was appraised by ICICI at Rs. 812 mn. The cost of setting up the project was proposed to be financed through a mix of debt of Rs. 451 mn, promoters contribution of Rs. 222 mn and public issue of equity shares of Rs. 139 mn. for which our Company received the SEBI acknowledgment card in February 1997. However, we decided not to proceed ahead with the public issue due to bad market conditions. We successfully completed the project in 1997 with a delay of ten months and cost overrun to the extent of Rs. 80 mn. 2006 -Nitco Tiles enters into CMA with FoshanLungo Ceramics 2008 - Company name has been changed from Nitco Tiles Ltd to Nitco Ltd.
5

ABOUT US - Corporate Milestones

YEAR 2010 2009 2009

ACHIEVMENT Setup of world class marble processing facility from Breton (Italy) at Silvassa. Construction World Award Winner. Nitco becomes a one stop shop solution, providing all premium flooring solutions, by including wall tiles to its product portfolio.

2008 2008

Construction World Award Winner. Expansion of exclusive Le Studio showrooms, to 13 in total, whilst three more have been finalized. Also, expansion to 50 Le Studio Express showrooms, whilst it is planned that 100 will be installed by the end of the financial year.

2007 2007

Import of cement for distribution to customers in India 10 Exclusive Showrooms launch of the first "Le Studio" and 5 more across India

2007 2007

Best SAP Project Implementation Award from SAP India Ltd Capacity Expansion planned for Vitrified Tiles at Gujrat and Ceramic Tiles at Alibaug

2007

Marble import license granted by DGFT for 15895 tons, i.e 11% of the total licenses issued for the year 2007-08 by DGFT

2007 2006

Valuation of Nitco Realties for Rs. 406 crores by Knight Frank Nitco Realties incorporated for Real Estate development business

2006 2006 2004 2002 2001 1997 1984 1953

Expansion of Ceramic Tiles capacity at Alibaug Listed on BSE & NSE Upgradation of Ceramic Tiles plant Quality Excellence Award for Processing Unit in Alibaug Import of Vitrified Tiles Manufacturing of Ceramic Tiles at Alibaug Processing and Distribution of Imported Marble Inception

ABOUT US MESSAGE FROM MD

Dearest Customer, Nitco Ltd. has long been known for its corporate values/ethics as well as its formidable product quality and customer service. Our brand name is very dear to us and we make sure to operate with professionalism and skill in whatever we do. The great quality and innovation of our tiles has been officially recognized through the receipt of many awards, as well as international certification. Because Nitco is in a league of its own, we are always competing with ourselves, continually improving every aspect of our operations. We plan on continuing on this great path of ceaseless improvement and sustainable growth. As our dear customer, you will also be happy to know that our core values have not changed since the companys inception in 1953. Because we have always invested in technology and design, you can be sure that when you invest in Nitco, you receive a masterpiece of craftsmanship and design. Whether your interests lie in floor tiles, wall tiles, marble, mosaic or metal craft, you will surely be inspired by our vast portfolio. This web site is a testament to our innovative thinking. So, please let us inspire you about all the products we offer, as well as this web sites many creative features.

Warm regards,

Vivek Talwar Managing Director

MANUFATURING SETUP
TILES
What separates Nitco from other Indian tile manufacturers, is that we have always invested in the best available technology. Our machinery is state of the art, and our factory operations are almost fully automated.

We have an eye for beauty and are on a continuous quest for perfection. We therefore ensure that only those tiles, which match our highest standards, are given the Nitco brand label, an assurance for quality.

Located in Alibaug, near Mumbai, it is here where the company manufactures an endless variety of world-class tiles for low traffic, medium traffic and high traffic areas. This high-tech plant has enabled Nitco to become India's first tile company to offer international standards in the manufacturing of tiles. From beginning to end, only the best will do. The high standard of our

laboratory, for instance, is envied by other tile manufacturers for its through and through systematic work. Every aspect of our tiles is measured at our very own laboratory, from the tiles water absorption to its strength. Even our raw materials are constantly tested to ensure that their properties will be worthy of only the best, Nitco tiles.

With its impeccable offerings we guarantee superior quality in terms of uniformity of size, quality of finish, lasting endurance, dimension, colour and pattern. Our commitment to perfection has contributed in redefining the perception of international consumers on Indian products.

Marble Processing Plant at Silvassa The Worlds Best Marble Its one of the very few automated marble processing plants in the world & the only plant in India. Consistent ultra-high cutting precision is accomplished with BM gangsaw machines from Italy. Natural marble is strengthened using automated netting and the worlds best epoxy resin (Tenax). A vacuum processing technique seals the tiniest of micro-pores within, to ensure perforationfree marble. A special super-gloss process involving UV resin and processing in the UV lamp chamber imparts one of the highest gloss levels in the world.

10

PRODUCTS OF NITCO Ltd. Marble, Intarsia and Metal Craft Nitco also has a marble facility at Kanjur Marg in Mumbai, receiving the finest marble from all over the world. Countries from which we mainly source these materials include; Italy, Spain, urkey, Czech Republic and China.

Here, at Kanjur Marg, various procedures take place, including the preparation (polishing and waxing) of the marble, as well the creation of our Intarsia series, which inspire anyone who sets their eyes on them. With the use of a Water Jet Cutting Machine, we are able to transform marble slabs into the most unfathomable designs, beautiful beyond imagination. This
11

machine also enables us to cut designs out of metal, a procedure also known as Metal Craft.

They are currently in the process of building a new and fantastic showroom, which customers will be able to walk through and chose their marble according to their taste. The showroom will include setups of various rooms within a home, to enable the customer to define more clearly his/her own vision of his/her home setup.

Mosaico

Also based in Kanjur Marg, Mumbai, their mosaico manufacturing line works hard every day to create the finest mosaic designs conceivable. What is, however, very special about our mosaico facility, is that our customers are able to chose their own designs, no matter how large or complicated these may be.

ABOUT US Exports

12

Nitco exports approximately 20% of its tile produce. Its expansive network is spread throughout 24 countries, including the United States, Canada, Europe, Africa, Oman, UAE and the Indian Ocean. Winner of 13 Capexil awards for excellence in exports, Nitco has been conferred as the Export House by the Government of India in the year 2002.

FINANCIAL DATA OF NITCO Ltd.

13

PROFIT AND LOSS ACCOUNT-NITCO Ltd.

Year Mar'12 Mar'11 Mar'10 Mar'09 Mar'08

Time Sales Turnover

12 Months

12 Months 12 Months 12 Months 959.71 728.55 465.33 959.71 22.21 937.5 0 937.86 38.25 556.82 46.65 97.44 111.9 0 0 851.06 86.44 86.8 32.66 0 54.14 75.11 -20.97 0 -20.97 -34.47 0 0 -55.45 0 0 0 326 -17.01 728.55 16.74 711.81 0 713.45 44.98 400.21 35.36 130.27 21.26 0 0 632.09 79.72 81.36 22.71 0 58.64 26.66 31.98 2.05 29.94 -3.63 0 0 26.3 0 1.63 5.07 321.24 8.19 465.33 16.23 449.1 0 449.41 33.25 234.86 31.07 99.36 20.83 0 0 419.37 29.73 30.04 21.14 0 8.9 12.26 -3.36 0 -3.36 -5.35 0 0 -8.71 0 0 0 321.24 -2.71

12 Months 674.66 674.66 8.52 666.15 0 666.24 30.97 392.07 29.21 116.19 20.74 0 0 589.18 76.96 77.06 14.41 0 62.65 33.66 28.98 12.39 16.59 8.37 0 0 24.97 0 3.21 10 321.24 7.77 651 651 13.51 637.5 0 641.13 28.74 365.95 26.22 113.06 18.25 0 0 552.22 85.28 88.91 10.93 0 77.98 17.38 60.61 10.68 49.92 1.1 0.6 -0.6 51.02 0 6.42 19.99 321.24 15.88

INCOME:
Sales Turnover Excise Duty NET SALES Other Income TOTAL INCOME

EXPENDITURE:
Manufacturing Expenses Material Consumed Personal Expenses Selling Expenses Administrative Expenses Expenses Capitalised Provisions Made TOTAL EXPENDITURE Operating Profit EBITDA Depreciation Other Write-offs EBIT Interest EBT Taxes Profit and Loss for the Year Non Recurring Items Other Non Cash Adjustments Other Adjustments REPORTED PAT

KEY ITEMS
Preference Dividend Equity Dividend Equity Dividend (%) Shares in Issue (Lakhs) EPS - Annualised (Rs)

14

BALANCE SHEET NITCO Ltd.

YEAR

Mar'12 12 Months

Mar'11 12 Months

Mar'10 12 Months

Mar'09 12 Months

Mar'08 12 Months

Liabilities
Share Capital Reserves & Surplus Net Worth Secured Loans Unsecured Loans TOTAL LIABILITIES

32.6 447.47 480.08 580.45 0 1,060.52 889.13 151.55 737.58 3.38 11.94 582.27 72.24 38.69 267.91 961.11 653.49 0 653.49 307.62 0 1,060.52 1,060.52

32.6 502.92 535.52 438.2 134.14 1,107.86 679.22 119.4 559.82 77.83 9.84 509.04 111.98 23.94 169.46 814.42 352.15 1.89 354.05 460.38 0 1,107.86 1,107.86

32.12 477.26 509.38 390.36 65.14 964.88 466.9 96.84 370.06 149.06 9.16 269 92.5 19.59 289.02 670.11 233.5 0 233.5 436.6 0 964.88 964.88

32.12 485.97 518.09 201.14 89.99 809.22 442.03 75.8 366.23 65.96 8.57 202.15 106.82 6.82 227.69 543.47 171.26 3.76 175.02 368.46 0 809.22 809.22

32.12 464.76 496.88 107.88 20.25 625.01 245.07 61.9 183.17 69.69 27.08 207.42 95.71 22.67 202.15 527.94 152.41 30.46 182.87 345.07 0 625.01 625.01

Assets
Gross Block (-) Acc. Depreciation Net Block Capital Work in Progress. Investments. Inventories Sundry Debtors Cash And Bank Loans And Advances Total Current Assets Current Liabilities Provisions Total Current Liabilities NET CURRENT ASSETS Misc. Expenses TOTAL ASSETS (A+B+C+D+E) TOTAL ASSETS (A+B+C+D+E)

15

INVESTORS - Code of Conduct INTRODUCTION In due and strict compliance of the provisions of Clause 49 of the Listing Agreement which has been entered into by the Company with The Bombay Stock Exchange and the National Stock Exchange of India Limited this Code of Conduct (hereinafter for the sake of brevity referred to as "the Code") shall be adhered to since the same has been framed and adopted by Nitco Tiles Limited (hereinafter referred to as "the Company") APPLICABILITY This Code shall apply to all the Members of Board of Directors (hereinafter referred to as "Board Members") and Members of the Senior Management Team of the Company being one level below the Board, viz. Vice President and other executives of the Company as determined by the Management and the Company Secretary of the Company (hereinafter referred to as "Senior Management"). The Compliance Officer for the purpose of this Code shall be the Company Secretary. This Code shall come into force with immediate effect and all future amendments / modifications shall take effect by following the due process respectively from the date stated therein and shall be published and updated. The Code shall be posted on the website of the Company and shall be freely accessible and available for viewing by members of the public. CODE OF CONDUCT The Board Members and Senior Management shall observe and endeavor to uphold the highest standards of ethical conduct and maintain impeccable integrity and shall work to further the interests of the Company to the best of their ability and judgment. The Board Members and the Senior Management of the Company: 16

1. Shall maintain and promote the Company by maintaining highest degree of Corporate Governance practices.

2. Shall act in utmost good faith and exercise due care, diligence and integrity in performing their official duties.

3. Shall ensure that they use the Company's assets, properties, information and intellectual rights for official purpose only and/or as per the terms and conditions detailed in their letter of appointment.

4. Shall not divulge and maintain absolute confidentiality of information entrusted by the Company or acquired during the performance of their duties and shall not use it for personal gain or advantage.

5. Shall not seek, accept or receive, directly or indirectly, any gift, payments or favour or induce anyone else in whatsoever form from the Company's business associates, which can be perceived as being given to gain favour or dealing with the Company and shall ensure that the Company's interests are never compromised.

6. Shall not communicate with any member of press or publicity media or any other outside agency on matters concerning the Company, except through the designated spokespersons unless authorized otherwise.

7. Shall not, without the prior written approval of the Board or Senior Management, as the case may be, accept employment or a position of responsibility with any other organization for remuneration or otherwise that are prejudicial to the interests of the Company and shall not allow personal interests to conflict with the interest of the

17

Company.

8. Shall in conformity with the applicable Law and the legal provisions disclose personal and/ or financial interest in any business dealings concerning the Company and shall declare information about their relatives (spouse, dependent children and dependent parents) including transactions, if any, entered into with them.

9. Shall not commit any offence involving morale turpitude or any act contrary to law or opposed to the public policy and if committed shall be duty bound to inform the Company for appropriate action to be undertaken by the company under the given relevant circumstances as per the policy of the company.

10. Shall ensure strict compliance of the prescribed safety & environment related norms and other applicable codes, laws, rules, regulations and statutes, which if not complied with may, otherwise, disqualify him/ her from his/ her association with the Company.

11. Shall ensure strict compliance with SEBI (Prohibition of Insider Trading) Regulations, 1992 as also other regulations as may become applicable to them from time to time. ANNUAL COMPLIANCE REPORTING Board Members and Senior Management shall affirm the compliance of this Code on an annual basis at the end of each financial year of the Company (as per Appendix A within 7 days of the close of every financial year). ACKNOWLEDGEMENT OF RECEIPT OF THE CODE Each Board Member and Senior Manager both present and future shall acknowledge receipt of the Code or any modification(s) thereto, in the acknowledgement form annexed to this Code as Appendix - B and forward the same to the Compliance Officer.

18

Any breach of the aforesaid Code when noticed or brought to the notice of the Compliance Officer or any member of the Board or Senior Management shall be immediately reported to the Board of Directors of the Company for necessary action.

ABOUT US - Environmentally Green

Nitco was the first Indian manufacturer to: Produce lead free glazed tiles. Nitco is also a pioneer in manufacturing technology. Nitco was the first Indian manufacturer to: Introduce Rustic Tiles (Nov 1998), which requires a unique dry powder application technology in order to create a natural stone look. Nitco is, in fact, the only tile manufacturer in India, with this advanced technology. Introduce Super Gloss floor tiles (April 1998). Introduce 600 x 600mm glazed Vitrified tiles. Introduce 100% Matt Finish tiles. Introduce Dirt Free tiles (April 2002). Introduce Wood Strip tiles in size 400 x 100 mm (Sept 2001).

19

20

Create Database in MS Access

Microsoft Office Access 2007 helps you to Create a new database is extremely simple and will prove to be very effective.

Under New Blank Database, click Blank Database.

Browse to the folder that you want to create the file in

21

Change the database name to whatever you want to call it and hit create.

Double Click to add a new Field to the Column for identification purposes and naming the column field and then entering data into the database.

22

Create Database related to Nitco Ltd.

CREATE TABLES IN MS ACCESS
When we Start MS Access then a blank sheet will be opened. It will be shown as:

In this, an user create tables related to products, Orders and Customers. Now user fill the data related to products. It can be shown as:

In this way other tables i.e. Order and Customer tables are made.

23

 Name and Save a Table

After this the next step is to save the table by providing name to the table. For saving the table the following steps are taken

1. Click the Save button on the appears.

Quick Access toolbar. The Save As dialog box

2. Type the name you want to give your table. 3. Click OK. Access names your table.

To create relationships:
1. Close all tables

2. Activate the Database Tools tab. 3. Click the Relationships button in the Show/Hide group.

24

4. Then select the tables on which you want to show relationships. After that click on Add option.

5.

Drag the Primary tables primary key over the related tables foreign key. After you drag the primary key to the related tables box, the cursor changes to an arrow. Make sure the arrow points to the foreign key. The Edit Relationships Dialog box appears.

25

6. Click Create. Access creates a one-to-many relationship between the tables.

7. Click the Save button on the Quick Access toolbar to save the relationship. In this way, you can create relationship between other two tables i.e. Order and Customer. All the steps are same as above. It can be shown as:

26

CREATE A FORM
1. Click the table or query on which you want to base your form. 2. Activate the Create tab.

3. Click Form

in the Forms group. Access creates a form.

4. Then Following form will be opened.

You can use the Navigation bars to move through the records on a form.

27

1 2 3 4 5 6 To save a form:

Go to First Record Go to Previous Record The Current Record Go to Next Record Go to Last Record Create a New (Blank) Record

1. Click the Save button on the Quick Access toolbar. Access saves the form unless you are saving for the first time. If you are saving for the first time, the Save As dialog box appears. 2. Type the name you want to give the form. 3. Click OK. Access saves the form. In this way you can create forms for other tables also. Here form of customer are shown below:

28

Create a Split Form

A split form is a form in which the same data is displayed in two views simultaneously. One part of the form displays in Form view while the other part displays in Datasheet view. The two views are synchronized, so as you select a field in one view, it is automatically selected in the other view. You can add, change, or delete the data in either view. Using a split form gives you the benefits of two types of forms in a single form. For example, you can use the datasheet portion to locate records and the form portion to edit records.

The following steps for spilt the forms: 1. Click the table on which you want to base your form. 2. Activate the Create tab. 3. Click Split Form in the Forms group. Access creates a split form.

Creating Microsoft Access Queries

To create a query, you open the tables or queries on which you are going to base your query in Query Design view, and then use the options in Design view to create your query. You then click the Run button to display the results. You can save queries for later use. Steps to create Query 1. Activate the Create tab.
2.

Click the Query Design button. The Show Table dialog box appears.

29

3. Activate the Tables tab if you want to base your query on tables, activate the Queries tab if you want base your query on queries or activate the Both tab if you want to base your query on both tables and queries. 4.Click to choose the table or query on which you want to base your query. 5.Click Add. a. Click to choose the next table or query on which you want to base your query. b. Continue clicking tables or queries until you have all the tables and queries you plan to use. 6. Click Close. 7. Click the down-arrow in the first field on the Field row and then select the tablename. option. The table name appears on the table line.
8.

Click the Run button. Access retrieves all of the fields and records for the table and displays them in Datasheet view.

30

After that click on of datasheet as follows:

Run Option. Then the selected database can be shown in form

31

Save a Query

1. Click the Save button on the Quick Access toolbar. Access saves the query unless you are saving for the first time. If you are saving for the first time, the Save As dialog box appears.

2. Type the name you want to give your query.

3.

Click OK. Access saves the query.

32

How to create Report in MS-Access we can create a basic report the data in the current query or table, to which we can add features such as groups or tables. There are two types of reports: a) Detailed or simple report 1)To Create a detailed report in ms-access select the table for which you want to create report. for example select salary info table. 2) Then go to create button and then click on report and report will be generated as shown below.

33

3) Then select the columns which you want in the report.

34

4) we can also select the different columns from the linked tables which are inter-related. 5) Then select How do you want to view data in your table. 6)we can also add any grouping level like..on the basis of address of employee. After this click on the finish button.

35

LABEL and MAILING The label wizard is used to launch the label in ms-access. 1) Select the table from where you want select the label. For example we select the salary info table. 2) Click on the create button and then click on label. 3) A window will open and we can select the size of the label then click on the next button. 4) We can change the font color as well as font size. After this click on next button. 5) Now from the available fields we can select that fields which we want on our mailing label.

36

6) From the available fields we select the name of the employee, designation, employee id and address of the employee. Then click on next button.

7) We can sort the one or more fields. After this click on the next button.

37

8) We can give any title name to the report. Then click on the finish button.

38