PROJECT REPORT ON INDUSTRIAL TRAINING OSWAL WOOLLEN MILL LTD (MONTE CARLO)

SUBMITTED TO GURU NANAK DEV UNIVERSITY AMRITSAR (PUNJAB)

SUBMITTED BY HIMANI 872358 BBK DAV COLLEGE FRO WOMEN AMRITSAR

IN THE PARTIAL FULFILLMENT OF REQUIREMENT FOR THE DEGREE OF BACHELOR OF DESIGN APRIL 2011

ACKNOWLEDGEMENT
This is a famous proverb, which I truly believe is that To faith in oneself and disciplined, honest approach is always fruitful. Determination, contentment and focused mind helps a man achieve new heights. Its a privilege for me to express my thanks to my guides Ms. Rajneet Kaur and Mr. Anil Pandey (merchandising department) for their meticulous and competent guidance and keen interest in making me understand the intricacies of the working of a brand from outsourcing to retailing. Above all this, I bow my head and thank almighty God for the blessings and fruitful showers on me because I truly believe that no work succeed unless blessed by god. I am grateful to god for giving such great parents and friends who are always by my side in time of need. I pray to god that I may keeping on working hard and fulfill all my dreams.

Himani

PROJECT INTRODUCTION
This project is related to the roles and responsibilities of merchandiser of company. Roles and responsibilities play a vital role in every industry. Merchandiser is one who takes care of production; its his duty to make the delivery on time. Merchandising calendar is the calendar which includes the whole information from the starting date to end date of production. The roles and responsibilities of merchandiser is like buying the raw material, making the garment, finishing the garment, accessory arrangement, final costing of the garment, finally dispatches on the given time period by the buyer. The industry which I is chose for my training is Nahar Spinning Mills Ltd (Monte Carlo). Importance To study about the role and responsibilities of merchandiser in industry. To study the system for product development. To gain the knowledge about the activities, operation time taken by each activity so that we can develop merchandising calendar

Company Profile
Owner of Company Name of Company Address Sh. Jawahar Lal Oswal Nahar Spinning Mills Ltd (Monte carlo) Oswall Woollen Mills Ltd Unit no.- 6 Industrial area - A Ludhiana (Punjab) Year Of Establishment Turn Over Brands Retail Outlets 1984 140 corers Monte Carlo, Canterbury 900 and 125 exclusive Monte Carlo stores across India Outsourcing/ buying 15-20 lac pieces per season

About NAHAR Group of Companies

From 1949 when small hosiery factory was incorporated into a public limited company, to the present day, constant upward growth has symbolized the charter of a company called oswal woollen mills limited. Oswal woollen mills,established in 1949 surges ahead to establish it self as a reputed industrial conglomerate with a wide ranging portfolio from wool garments etc. From starting out with 800 spindles to 25000 spindles today, from simple hosiery items to high value added items like designer knitwear (monte carlo & canturbury).all these are no mean achievements, and what made them possible in so short a time is nothing but a miracle that combined brilliant market insight with diversification. As the company progressively increased spindlage to 2000 in the year 1960, it had already established a market for itself in the areas of hosiery knitwear & textile fabrics like blankets and shawls etc. Very soon, it became the first indian exporter of woolen garments to russia and shortly after in 1972, the company set up its owm wool combing unit the first of several backward integration measures. Soon began the in house processing for the woollen division. With increasing capacity & demand for its products, oswal woollen mills limited soon became a name to reckon with, both in the domestic & international markets. Research & development also received focused attention & today the company boasts of north indias most sophisticated laboratory, combing,spinning,knitting,fabric,hosiery

approved by the international wool secretariat (is) & is even authorized to act as a quality checking center for other manufacturers. For the domestic market the company launched Monte carlo, the first truly international range of designer knitwear followed by another prestigious brand Canterbury. Later on an ultra modern lambs wool & angora spinning plant has been set up, of which more than 50% manufacturer is for captive consumption. The balance meets the requirements of other hosiery knitwear exporters in india. This in turn means immense saving in foreign exchange for India. Further a modernization cum balancing program has been introduced to upgrade its capacity for manufacturing garments & fabrics for various government & defense departments. The group has spinning capacity of 0.55 millions cotton spindles 25000 worsted spindles with turn over of $550 million inclusive of export turnover of $175 million. The production facility have been awarded iso 9001:2000/iso14002 certification & okotex certification. The markets of Nahar group are cries crossed allover the globe. The objective is meeting the buyers expectations with consistant quality backed by r& d divisions equipped with latest equipment, cream of highly qualified technocrats and adhering to timely schedules. Today oswal woollen mills ltd. Is a company that owes its strength in the market and solidity to foresight of its chairman Sh jawahar lal oswal,the professional inputs of the board of directors and able team of highly skilled managers oswal woollen mills ltd is the flagship company of over us$ 550 millions Nahar group of companies.

Oswal Woollen Mills ( Monte Carlo)

Oswal Woollen Mills Ltd. is the flagship company of the Rs.2500 Crore (US $520.80 Million) Nahar Group. The Nahar Group is an industrial Conglomerate with a diversified portfolio that includes spinning, knitting, and fabric processing, hosiery garments and knitwear. Oswal Woollen Mills Ltd is a proud owner of widely loved super brand in knitwear Monte Carlo and Canterbury.

The company boasts of product range that is truly large and varied. They include diverse types of woollen, Acrylic and Synthetic blended yarns, Lambs Wool Yarn, Woollen Viscose & Acrylic Tops, Textile Fabric, Woollen Knitwear, hosiery and Cotton Garments.

It is the only unit in India having capacity of 32000 spindles in one campus producing a vast variety of yarn 23 ton/day equipped with 14 ton/day top dying and 15 ton/day yarn dyeing capacity. Owm has recently become first domestic company in the country to receive the prestigious ISO 9001-2000 certification in the designing, knitwear, manufacturing and supplying category.

Product Range

Their group is vertically integrated encompassing activities of yarn dyeing, fabric knitting, fabric dyeing, finishing i.e. , compacting, , garmenting, garment washing, printing & embroidery with latest state of the art machines. Nahar has capacity to produce 40,000pcs of garment perday. Mens Cardigan Sweaters - The cardigan has long been a staple item of clothing in the wardrobe of many a men and women. Womens Cardigan Sweaters - The Womens Cardigan Sweaters has always been an integral item of clothing in the wardrobe of many women. Mens Formal/Fashion Shirts - Traditionally, the word fashion was only applied to the women only. Because men never used to put much attention on the clothes they.. Wholesale t shirts - A T-shirt is a type of garment that is generally casual in nature. It covers the upper half of the body and comes in a variety of designs... Mens & Womens Jackets - Deciding what to wear to the office or to a party can often be a worrisome process. The best answer may just be a smart- looking.. Mens Track Suits - A tracksuit is an article of clothing consisting of two parts- trousers and a jacket. It was originally intended for use in sports

Mens Pullovers - One of the passionate desires of every human is to look smart. Fashion is not only prominent in today's times but it was always popular... Mens Trouser Pants - This is the age of fashion and therefore everyone wants to look stylish. A lot is talked about women's fashion and the changing fashion and style.. Monte Carlo Fashion - Fashion plays a major role in today's life as it involves kids, youth, elders, and old aged people. What is the latest fashion.. Monte Carlo - MonteCarlo is undoubtedly a brand name that needs no introduction. It has a wide collection of Cardigans. Track Suits - Mens Track Suits are a combination of trousers and jackets that are generally worn for an easy mood dressing. Jackets India - At Monte Carlo, we make special attempts to maintain consistency in quality of our Jackets and other winter wear. Thermals - We lay special emphasis to instill the property of consistency in quality for all our manufacturing practices and end products. Wholesale Shirts - In our formal collection for men we have an exclusive range of Mens shirts & trousers particularly formal shirts

Retail Outlets

s The brand is well established across India. There are Exclusive brand outlet (EBO) Multi-band outlet (MBO) Factory outlet

Organizational Structure

The organizational structure of an organization consists of various heads, seniors and their subordinates, a flow of authority and decision making power among them. A glimpse on the organizational structure of Nahar Spinning Mills Ltd.

ORGANISATIONAL STRUCTURE CMD

EXECUTIVE DIRECTOR

VP-Marketing

VP-Sourcing

Mktg.MANAGER

GM-Sourcing

Sr.Designer

Q.A.Manager

Despatch MGR

Mktg.TEAM

Sr.Merchandiser

Designer

Q.A's

Despatch Team

Merchandiser

Asst.Merchandise r

Merchandising Department

Merchandising department is the star of the department among all the working departments in the Export concern because merchandising is the only department having maximum control over the departments and total responsible for profit and loss of the company. Merchandising denotes all the planned activities to execute and dispatch the merchandise on time, taking into consideration of the 4Rs to replenish the customer. Right quantity: to dispatch right quantity of product what buyer ordered. Right quality: it should be with right quality as acceptable by both the parties. Right cost: everybody wants more from what they are paid. Right time: no one wants to wait idle even in a restaurant,. Keeping delivery schedule is mandatory.

Responsibilities of a Retail Merchandiser

During my training period in oswal woollen mills (unit-6), Monte Carlo, as a part of the merchandising team, I understood following were the responsibilities of a retail merchandiser: Market Research Fashion reasearch Colour reasearch Collection reasearch Initial Fabric Selection Review Previous Sales Line Plan Meeting Order Fabric Sample cuts Style development Spec Sheet/Technical Drawings Pre - Cost First pattern/Prototype Fit Model Session Pattern revisions Final Cost Order fabric for samples Final adoption Initial sales forecast Cut and Sew samples Line preview (Range) Line release (Start selling) Sales forceast adjustment Order finalisation/Purchase order Approvals Begin Shipping Complete Shipping Season critique

RESEARCH

SAMPLING

PRODUCTION & DESPATCH

MANUFACTURING

SAMPLING

COSTING

ORDER CONFIRMATION

FABRIC/ACC. SOURCING

BUYING

MARKET SURVEY PRE-PRODUCTION APPROVALS SELECTION CUTTING

RAW MATERIAL ORDERING STITCHING

CHECKING DESIGN FINALISATION PACKING PRICE FINALISATION DESPATCH

SALESMAN SAMPLE DEVELOPMENT

RANGE DEVELOPMENT

AGENT BOOKING

ORDER

ACC./TRIMS PLANNING

Costing
Garment costing comprises of following factors: 1. 2. 3. 4. 5. 6. 1. Material cost Process cost Extra process cost Overheads Value loss Net profit Material cost: Material cost includes cost of the fabric used in garment

construction, cost of accessories like buttons, threads, labels, poly bag, elastic, trims, etc. 2. Process cost: This includes CMT cost that is cutting, making and trimming cost. cutting cost

Breakup of CMT:

 3.

stitching over lock flat lock commission pressing kaj button thread cutting checking, finishing Extra process cost: this includes cost of any extra design in the garment like

embroidery, patch work etc. 4. Overheads: overheads in any firm include some direst expenses and some

indirect expenses. Direct expenses: those expenses which are capable of being allocated

directly to a particular product are called direct expenses. Some of such expenses are as transport, labor cost, etc. Indirect expenses: those expenses which are not capable of being

allocated directly to a particular product are called direct expenses. Some of such expenses are electricity cost, diesel cost etc. 5. Value loss: In every firm, there is a certain amount of mark up percentage (3%-

5%) merchandisers keep in the costing in case of any loss or wastage in every step, from material to the CMT. 6. Net profit: The percentage of the profit margin varies from company to company

and is applicable on the overall (standing) cost of the garment. Monte Carlo has a standard profit margin of 15% on its garments.

COSTING PRINTED TOP STYLE NO.:STY. DISCRIPTION P.O NO. QTY. IN PCS SIZE PARTICULARS FABRIC COST (INCLUDING WASTAGE) 260.00 420.00 109.20 15.00 4.64 0 0 0 0.00 15.00 4.64 0.00 0.00 0.00 0.00 2 3 4 5 AVERAGE RATE AMT. FABRIC COUNT G.S.M PRINTIN G SHADE matiereal 1 C/V 30S 160 ROTRY avg lable size lable wash care tag other lable 1 other PRINTING PACKING MATERIAL COST 6 7 lable 2 other 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2nd fab 1 ACCESSORY COST EMBROIDRY WITHOUT PATCH WORK GARMENT WASH

ELECTRICITY , DIESEL CMT PRIME COST MARGIN (15%) SELLING PRICE

(o/h)

5.00 22.66

5.00 22.66 156.50 27.62 184.11

8 9 10 11 12 13

lable 3 buttton zip elastic poly bag cartoon swing thread total with 3%

0.00 0.00 0.00 1.50 1.00 2.00 4.50 4.635

BRAKEUP OF CMT CUTTING COST STITCHING OVERLOCK FLAT LOCK COMMISION PRESSING KAJ BUTTON STAIN REMOVING THREAD CUTTING CHECKING , FINISHING & PACKING TOTAL VALUE LOSS 3% G.TOTAL

1.5 10 3 0 0 1 0 0.5 1 5 22 0.66 22.66