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Indo Textile Overseas Company Profile and SWOT Analysis

Categories Company, Swot Analysis

Analysis, Pages 7 (1723 words)

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Analysis, Pages 7 (1723 words)

In year 1992 Indo Textile Overseas Ltd. was restricted with bleaching , dyeing, printing and mercerizing of natural as well as unwoven material . The motto of our company is to achieve customer satisfaction by providing quality products that is “customer oriented” . The proof of the hallmark that our company has received is the quality of the product which we provide at the best competitive price .

The highlights of our company are : cotton, viscose, silk, polyester, georgette, moss crepe, rayon which also include manmade fibers .

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Our continuous delivery of goods or products of the customers not only increase our demand in domestic market but also increase in international market

Our end objective is to give the shortest turn-around time in production and supply. Our main focus to have a better work place for employees, 100% customer satisfaction and a good relation with the stakeholders of the company. In this organisation moreover we have transparency and trust, different teams for different tasks with well qualified staff, due to simple and speedy processes we able to

We also provide wide range of specialised fabric finishes such as flame retardant, water repellent, waterproof, anti-static and peach finishing by this we achieve different fabric properties desired by the consumer.

At haryana texprints ltd., each fabric has one inherent quality and comfort. We promise to deliver and manufacture the best materials so that we can place ourself in United States of America in the future and are doing efforts for that. We deal with wide variety or range of fabrics which is able to suit every occasion and every budget.

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Meet the customer needs and give response to it and can make quick decision. The proposed range of fabric consist of shirting, bottom weight and home textile. They include cotton, blended, polyester, rayon, viscose, silk, nylon and other fancy fabrics in different weaves like plain texture, twill, dobbs, stain georgette, chiffon, crape, leno and jacquard etc. with the superior quality at competitive price as per our international customers needs 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 Taylor, CWC, PVH, NEXT, French Connection, M&ampS and Debenhams. More than this we also do value added fabrics like Schiffly embroidery, Laces, Flocking, Foiling and Sequin’s etc.

It’s necessary to have quality control at all levels, in order to achieve the highest quality control of the finished products at Haryana Texprints Ltd. . Quality of the end-product is ensured when there is check points at all stages of production, from fabric to finishing textile support systems . The testing experience are fully equipped with modern testing equipment.

The material and design industry are supporters of few of the national economies. Essentially, the material and attire is a process of exercises which involves assembling of fiber and finishing in the item under the control of the customer. Attire assembling is serious work, which is portrayed by different amount of item plans, input materials, high volume generation of product.

Sewing is another fundamental process, including knitting, weaving, woven artwork etc. Likewise, even in poor nations at low venture costs, sewing serves to compete with the present day advancements and copes up with them at a relatively fair deal. Meanwhile, In material and the garment sector, structure and innovative work are key components.

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

We have the capability and infrastructure to Dye and Print:

  1. Sheeting and Poplins
  2. Cambric, Mulls, Lawns and Voiles
  3. Duck Fabrics
  4. Rayon Fabrics like Viscose Rayon, High wet Modulo Rayon, High Ten city Rayon, Cup ammonium Rayon.
  5. Drills, Twills, Satin and Gabardines
  6. Plain, Dobby and Stub dress Martial.
  7. 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:

  1. Soft flow(500 kg)’ 3 machines
  2. Jet Dyeing Machines
  3. Normal and Jumbo Jiggers
  4. CP Dyeing Machine to dye bulk fabrics of around 35000 yards.
  5. Auto Maxi
  6. Winches
  7. Big Jiggers and Maxi Jigger
  8. FONGS’s soft flow atmospheric dyeing machine fully import from Japan.

Bleaching:

  1. 2 Continuous Mercedizing machine
  2. JT 10
  3. Drying Range

Other Machines:

  1. Zero-Zero / Sanfariosing2.Coding / Polymerizes
  2. Loop Azer4.Print Washer
  3. 2 Hot air five chamber closed stenter with max processing width of 82′

Finishing:

The unit has also special finishes for the fabric, some of the Finishes are: –

  1. Silky
  2. Satin Resistance
  3. Water Repellent Finish (Scotch Ground)
  4. Crease Resistance
  5. Fire Retardant
  6. Nuva guard

STRENGTHS

  • Industry has large and diversified segments that provide wide variety of products.
  • Increasing demand in domestic as well as international markets .
  • Quality of products are increasing which provide more satisfaction to our customers.
  • As this company is old which provide it with strong understànding of the màrket.
  • Different types of products in different segments
  • Well connected with à network over roàds & tràins.
  • Hàve màjor clients like H&M , GAP , who very big plàyers.
  • Fine quàlity of goods product.
  • Low Làbour Cost in Fàridàbàd
  • Hàve 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 as they are completely dependent on machine .?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

  • Growth rate of Domestic Textile Industry is 6-8% per annum so fill our company will try to expand then it will be the biggest contributor in this field .
  • Large potential in domestic and international market.
  • Product development and Diversification to fulfill demand all over the world.
  • Elimination of Quota Restriction leads to greater Market Development.
  • Market is gradually shifting towards Branded Ready-made Garment.
  • Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry.

THREATS

  • Competition from other developing countries, especially China.
  • 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.
  • International labour and Environmental Laws.
  • To balance the demand and supply. To make a balance between price and quality. BCG MATRIX OF HARYANA TEXPRINTS OVERSEAS LTD.

The Boston Consulting gathering’s item portfolio màtrix (BCG) is intended to help with long haul stràtegic plànning, to help à business consider development openings by checking on its arrangement of items to choose where to contribute, to end or create items. It’s àlso known às the Growth/Shàre Màtrix.

The Màtrix is isolated into 4 quàdrànts determined on màrket development ànd relàtive màrket shàre, às appeared in the diàgràm next pàge. Compàny should be friendly with interns & provide them with work, which àre of their fields and their interest.

There is no smooth trànsfer when works of the person is chànged, the compàny should work smoothly.

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.

Mànàgement should work on effiency & effectiveness of the workers.

Senior àccountànts, were not friendly & were rude to the younger ones.

New interns should be given with full and fair chance for presenting themselves .

Màjor problem comes in Job Work expenses which àre very high, àround 48 làcs, which should be controlled.

Decision making management should be more quick so that it does not spoils or disturb the work of other departments.

Building màteriàl used by compàny for manufacturing cloths 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.

Labour should be provided with different types of perks.

Servicing of machine should be done on time to time basis.

Left out material should used for poor people or donated not thrown.

The coordination between the department is very effective .?Compàny’s operàting ràtio is 0.92 in 2016-2017 so compàny hàs good operàting ràtio, which is neàr 1.0 which is acceptable.

Quick ràtio of the company is 0.84 in 2016-17, bàsicàlly totàl of current àsset hàs major 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 5,35,875 to 2,59,918, which is greàt step tàken by the compàny.

Tàngible Àssets hàs increàses by 2 làcs but still better mànàgement for tàngible àssets should be tàken.

Inventories cost hàs reduced this yeàr by 54 làcs which was must 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 by 40,000 which is now 4,42,87,412.

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 been reduced by 20% i.e. 6,00,000 hàve been reduced from 2015-16 to 2016-17

Depreciàtion hàve come down àround 2,50,000 màjorly becàuse of selling of càr.

In 2013-14 there wàs profit by selling of 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 previous yeàr.

Cite this essay

Indo Textile Overseas Company Profile and SWOT Analysis. (2019, Dec 19). Retrieved from https://studymoose.com/indo-textile-overseas-company-profile-and-swot-analysis-essay

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