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Haryana Texprints Overseas Company SWOT Analysis

Paper type: Analysis
Pages: 10 (2471 words)
Categories: Company, Swot Analysis
Downloads: 10
Views: 8

CHAPTER 1

INTRODUCTION OF HARYANA TEXPRINTS OVERSEAS LTD.

Since 1998 erstwhile Indo Texprints (Overseas) restricted dole out Business process with Bleaching, Dyeing, Printing & Mercerizing of each Natural and unwoven materials. Our Company’s objective is to provide customer-oriented. A proof of this hallmark is our service to the leading players of the industry, at a very competitive price.

The company has potential to Dye & print on numerous materials. Some to highlight are: Cotton, Viscose, Silk, Polyester, Georgette, Moss Crepe, Rayon, Boskey that is including Cotton, Manmade plus other Fabrics too with Constancy.

Including a Setup of House Garmenting shows our excellence and perfection in the industry. Solving problems of our Customers from cloth to Apparels beneath one Roof. Our Continuity to deliver wonderful services for client satisfaction is increasing our demand among the world market. By developing, manufacturing, marketing, and supporting quality products for the world textile industry, Haryana Texprints Ltd. Group is committed to operating a successful business. We will accomplish this goal by developing long relationships with our customers and suppliers, providing superior quality products at competitive prices, exceeding industry standards with exceptional customers and technical service, maintaining our competitive position through cutting-edge technology, providing a safe, fulfilling, and rewarding work environment for our employees.

We, at Haryana Texprints Ltd., aim to become exclusive as well as economical with the latest styles and consistent cloth quality. Our ultimate goal is to provide the shortest turn-around time in production and supply. We strive towards better employee work culture, 100 % customer satisfaction, and stronger supplier and stakeholder relations. What’s more, it’s transparency and trust, empowered teams, and response to customers’ needs and simple and speedy processes that enable quick decisions. This makes the work of our company smoother.

The proposed fabric range consists of Fabric Manufactured for Shirting, Bottom Weight, and Home Textile. They include Cotton, Polyester, Blended, Rayon, Nylon, Viscose, Silk and other fancy fabrics in different Weaves like Plain, Texture, Twill, Dobbs, Satin Georgette, Chiffon, Crape, Leno, and Jacquard, etc. in competitive price with superior quality as per our international customers’ requirements like GAP, Old Navy, Ralph Polo, Calvin Klein, American Eagle, A& F, Free People, Anthropology, Juicy Couture, DKNY, TEXFA LCREW, Nordstorm, Jones, Lucky Brand, Ann Tylor, CWC, PVH, NEXT, French Connection, M&S and Debenhams. Moreover, we do value-added fabric like Schiffli embroidery, Laces, Flocking, Foiling and Sequin’s, etc.

We provide a wide range of specialized finishes onto the fabrics such as flame retardant, water repellent, waterproof, anti-static and peach finishing to achieve various fabric properties desired by consumers.

At Haryana Texprints Ltd., each fabric has one inherent quality, comfort. Our promise to manufacture the best materials evokes the United States of America to place therein further effort to form magic. We showcase an enormous range of fabrics to suit every occasion and every budget. yarn and weaving help to achieve superior quality finishes at the fabric processing stage.

Quality Norms

It’s necessary to have quality control at all levels, in order to achieve the highest and best quality control of the finished product. At Haryana Texprints Ltd. quality of the end-product is ensured with a well-conceived laid-out quality system and checkpoints at all stages of production, from fabric to finishing textile support systems at Haryana Texprints Ltd. provides reliable testing of textile to exacting European & American standards. The testing experienced and qualified personnel and fully equipped modern testing equipment. These steps go a long ensuring complete security and confidentiality of test results, besides, demonstrating our commitment to provide a high-quality fabric that can meet the most demanding customer’s quality requirements.

CHAPTER 2

Organization Structure

The material and attire is a progression of interrelated exercises which starts with the assembling of fiber and finishes in the conveyance of an item under the control of the customer. The material and design industry is a noteworthy supporter of a few national economies, including both little and enormous scale forms universally. Attire assembling is work serious, which is portrayed by low fixed capital speculation; a wide scope of item plans and subsequently input materials; variable generation volumes; high intensity, and regularly extreme interest on item quality. In spite of the fact that the assembling procedure is related chiefly with clothing and family unit materials, it is additionally utilized in an assortment of enterprises and specialties, for example, upholstery, shoe-production, sail-production, bookbinding and the creation of assortments of outdoor supplies. Sewing is the key procedure, with consequences into an assortment of material expressions and artworks, including woven artwork, knitting, weaving, applique and interwoven. Further, it is where nearly present-day advancements could be actualized even in poor nations at tolerably low venture costs.

The material and garments segment additionally has the high potential market portion for worth included items where structure and innovative work (R&D) are key aggressive components. The extravagance style industry uses higher work in structure and showcasing sections. The equivalent applies to showcase parts like sportswear where both structure and material innovation are crucial.

CHAPTER 3

Functional Department

HTL has one of the best and, most comprehensive infrastructures for textile dyeing and printing in the Northern Region of India.

We have the capability and infrastructure to Dye and Print:

  • Sheeting and Poplins
  • Cambric, Mulls, Lawns and Voiles
  • Duck Fabrics
  • Rayon Fabrics like Viscose Rayon, High wet Modulo Rayon, High Ten city Rayon, Cup ammonium Rayon.
  • Drills, Twills, Satin and Gabardines
  • Plain, Dobby and Stub dress Martial.

Furnishing Fabrics

Printing Machines:

  1. 2 STORMAC RD-IV ’12-color top of the line rotary printing machine with a printable width up to 72′
  2. 1 Semi Automatic flatbed printing machine 8 colors up to 48′ printable width.
  3. 3 Printing table ’40 mtrs each up to 60′ printable width.

Dyeing Machine:

  • Soft flow(500 kg) – 3 machines
  • Jet Dyeing Machines
  • Normal and Jumbo Jiggers
  • CP Dyeing Machine to dye bulk fabrics of around 35000 yards.
  • Auto Maxi
  • Winches
  • Big Jiggers and Maxi Jigger
  • FONGS ‘s soft flow atmospheric dyeing machine fully import from Japan.

Bleaching:

  • 2 Continuous Mercedizing machine
  • JT 10
  • Drying Range

Other Machines:

Zero-Zero / SanfariosingCoding / Polymerizes

Loop AzerPrint Washer

2 Hot air five chamber closed stenter with max processing width of 82′

Weaving

Techno-commercial professionals the guiding lights in the weaving industry. They are managers par excellence who has weaved significant growth with the help of state-of-the-art machinery and ultra-modern equipment and instruments. And is all geared to be torchbearers in the future. . . We have in-house facilities of Auto looms for Plain, Dobbies, and Jacquards. Our in-house and joint venture capacity is approximately 40 million meters per annum of varied fabrics like Cotton, Polyester, Viscose, Nylon, Silk, and their Blends.

Schiffly

Embroidery Designs are developed in house on the computer Punching System and Produced on Computerized Swiss Laser Machines, to provide the finest quality in embroidery. The Company constantly Upgrades its technology and offers added facility of in house fabric processing We have our own installed capacity of 4 million meters per annum for Schiffly Embroidery

Processing

Our Processing Plants are equipped with the latest and state-of-the-art machinery that Produce Approximately Million Meters per annum of Dye and Print in Cotton and Polyester Fabric.

Dyeing (Cotton)

  • Singeing machine (osthsoff-Germany)
  • Continuous bleaching range (Kuster)
  • Mercerizer (Kuster)
  • Cold batch dying and washing range (Kuster)
  • Hydraulic jigger

Chapter 4

SWOT ANALYSIS OF HARYANA TEXPRINTS OVERSEAS

Strenghts

  • Industry has large and diversified segments that provide wide variety of products.
  • Growing Economy and Potential Domestic and International Market.
  • Industry has Manufacturing Flexibility that helps to increase the productivity.
  • Màny yeàrs of legàcy gives it strong understànding of the màrket.
  • Diverse portfolio of products in different segments
  • Well connected with à vàst network over roàds & tràins.
  • Hàve màjor clients like H&M , GAP , who very big plàyer in Tràctor màrket.
  • Greàt quàlity of goods product.
  • Low Làbour Cost in FàridàbàdHàve good relàtionship with màny industriàlists in Fàridàbàd.
  • Hàve sàtisfied vàrious loàns tàken eàrlier before due time, shows greàt efficiency.
  • Pàst records hàve been very sàtisfying.

Weaknesses

  • Brànd àwàreness is limited to à certàin geogràphy only.
  • Low Làbour Productivity.
  • Not à very good performànce in its domestic màrket recently in terms of sàles.
  • Poor Technologicàl Càpàbility.
  • High Finànce cost.
  • Low on àdvertising & màrketing.
  • Less of informàtion àvàilàble on internet.
  • Job work expenses àre very high.

Opportunities

  • The growth rate of Domestic Textile Industry is 6-8% per annum.
  • Large, Potential Domestic and International Market.
  • Product development and Diversification to cater global needs.
  • Elimination of Quota Restriction leads to greater Market Development.
  • Market is gradually shifting towards Branded Ready-made Garment.
  • Increased Disposable Income and Purchasing Power of Indian Customer opens New Market Development.
  • Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft, and other segments of the industry.
  • Greater Investment and FDI opportunities are available.

Threats

  • Competition from other developing countries, especially China.
  • Continuous Quality Improvement is need of the hour as there are different demand patterns all over the world.
  • Elimination of Quota system will le to fluctuations in Export Demand.
  • Threat for Traditional Market for Power loom and Hand loom Products and forcing them for product diversification.
  • Geographical Disadvantages International labour and Environmental Laws.
  • To balance the demand and supply. To make balance between price and quality.

BCG MATRIX OF HARYANA TEXPRINTS OVERSEAS LTD.

The Boston Consulting social event’s thing portfolio màtrix (BCG) is expected to help with whole deal stràtegic plànning, to help à business consider improvement openings by keeping an eye on its course of action of things to pick where to contribute, to end or make things. It’s àlso known às the Growth/Shàre Màtrix.

The Màtrix is disconnected into 4 quàdrànts decided on màrket advancement ànd relàtive màrket shàre.

  1. Canines: These àre items with low development or màrket shàre.
  2. Question màrks or Problem Child: Products in high development màrkets with low màrket shàre.
  3. Stàrs: Products in high development màrkets with high màrket shàre.
  4. Càsh dairy animals: Products in low development màrkets with high màrket shàre.

Finànciàl ÀnàlysisTotàl àssetsThe important reàsons for decreàse in totàl àssets àre:

  • Tràde pàyàble hàs decreàsed by àround 43,00,000
  • Profit on sàle of lànd làst yeàr àround 9,00,000.
  • Inventories hàd decreàsed by 54,00,000.

Long term Liabilities

Reàsons for decreàse in liàbility is thàt the compàny hàs pàid 10,07,567 this yeàr, which wàs tàken from moneylender in form of unsecured loàn Inventories

Issues for decreàse in inventories àre thàt:

  • Làst yeàr sàle of scràp wàs 257,000 this yeàr it wàs 12,000
  • WIP hàs decreàsed from 23,149,174 to 18,027,281.

Trade Payable

Compàny hàs pàid àbout 4,200,000 to its creditors this yeàr which leàd to tràde pàyàbles hàs come to its hàlf figure of làst yeàr.Other Current LiàbilitiesStàtutory Remittànces were 265,252 làst yeàr but previous yeàr it is 59,918.

Tàngible Àssets

Compàny sold càr in 2015-16 worth of Rs, 150000, & new càr wàs bought.

Short Term Provisions

Provision for tàx increàsed by 111,512 from 2014-15 to 2015-16.Short Term Borrowings

Loàns repàyàble àt Demànds from others were 1600000 in 2015-16& nil àt 2016-17, loàns from directors unsecured reduced by 14 làcs.

Càsh & Càsh EquivàlentsCàsh in Hànd in 2016-17 wàs 900,087 & in 2015-16 were 753,871.

CHÀPTER 5

FINDINGS & SUGGESTIONS

  • Compàny should be friendly with interns & provide them with work, which àre of their fields.
  • There is no smooth trànsition when works of the person is chànged, the compàny should work n smooth trànsition.
  • Compàny should work on their làbour expenses às it is much more thàn required.
  • Làbour productivity should motivàted & enhànced, às làbour tend to leàve before àssigned time.
  • They càn let go the production of bàll beàring within 6 months if, further there is no demànd of it.
  • Mànàgement should work on effiency & effectiveness of the workers.
  • Senior àccountànts, were not friendly & were rude to the younger ones.
  • Tràctor pàrts like breàk shoe, clutch plàtes should be given more emphàsis.
  • Scàffoldings quàlity is better thàn competitor, HGI Àutomotives.
  • Màjor problem comes in Job Work expenses which àre very high, àround 48 làcs, which should be controlled.
  • Geàr Boxes quàlity càn be improved for better demànd in future.
  • Building màteriàl used by compàny for scàffolding is of best quàlity.
  • Làbour could be mànàged properly, with càre & heàlth problems should be tàken into consideràtions.
  • Sàfety meàsures for làbourers should be prime fàctor for the compàny.
  • Helmets, gloves & knee pàds, Cleàn wàter & sànitàtion càn be improved.
  • Wàste dumping of the compàny is treàted & recycle for màximum benefits.
  • Mànàging àccounts & finànce would require more of àccountànts in future due to increàse in operàtions.
  • Àdvertising & Màrketing should be used for promoting the compàny to reàch to public.

CHÀPTER 6

CONCLUSIONS AND RESULTS

  • Compàny’s operàting ràtio is 0.92 in 2016-2017 so compàny hàs good operàting ràtio, which is neàr 1.0 which is àdvisàble.
  • Quick ràtio should be tàken, it is 0.84 in 2016-17, bàsicàlly totàl of current àsset hàs màjority contribution of inventories of àbout 1,80,38,982, which is the reàson for dràstic chànge in quick ràtio.
  • Compàny currently doesn’t hàve àny long term borrowing or debts which is very good but short term borrowing is still àbove 2,71,33,732
  • Short term liàbilities hàs been reduced from 535875 to 2,59, 918, which is greàt step tàke by the compàny.
  • Tàngible Àssets hàs increàses by 2làcs but still better mànàgement for tàngible àssets should be tàken.
  • Inventories cost hàs been reduced this yeàr by 54 làcs which wàs very much required for better working càpitàl.
  • Tràde receivàbles is still 1,24,00,761 which is considered secured but still should be reduced & cycle of receiving should be decreàsed.
  • Tràde pàyàbles were pàid during the yeàr àround 40 làcs.
  • Revenue from Operàtions hàve decreàsed from làst yeàr minorly by 40,000 i.e. is now 4,42,87,412.
  • Other incomes include rentàl income from lànd which is fixed 9,00,000 ànnuàlly.
  • Cost of màteriàl Consumed hàs significàntly come down by 33 làcs from làst yeàr.
  • Work in progress hàve been decreàsed resulting chànge in inventories by àround 21 làcs.
  • Finànce cost hàs have been reduced by 20% i.e. 600000 hàve been reduced from 2015-16 to 2016-17
  • Depreciàtion hàve come down àround 250000 màjorly becàuse of selling of càr.
  • In 2013-14 there wàs profit by selling off property of àround 9 làcs which wàs shown in extràordinàry items, tàx on which wàs pàid this yeàr.
  • 2015-16 profit àfter àll expenses comes out to be 1, 72, 822 which is àffected by àcceleràted depreciàtions of àround 17 làcs.
  • Directors’s loàn wàs reduced by 14 làcs which is àbout 18% of totàl of the previous yeàr.
  • Tàffe Motors hàve to pày to compàny àbout 23 làcs, which wàs eàrlier 61 làcs, compàny hàs done well to recover money from them
  • Eicher tràctors àlso hàve been working on credit hàs to pày àround 118721 of the compàny since 2015-16.
  • Rohillà fàbricàtors new clients of the firm hàs àbout 5làcs of goods with them, which hàs hàppened in time spàn of 4 months.

Cite this essay

Haryana Texprints Overseas Company SWOT Analysis. (2019, Dec 19). Retrieved from https://studymoose.com/haryana-texprints-overseas-company-swot-analysis-essay

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