RAYMONDLIMITED

RAYMOND

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1.0 INTRODUCTION

The Raymond Group was incorporated in 1925 and within a span of few years,

transformed from being an Indian textile major to a global conglomerate. The Raymond

Limited was established in September 1925 to acquire the Woolen Mills in Thane known

as WADIA WOOLEN MILLS; it was managed by E. D. Sassoon & Co. Until November

1944 when the entire share holding was acquired by JAGGILAL

KAMALPATSINGHANIA of Kanpur, subsequently J. K. Trust Bombay, acted as

managing agents. There after the name was changed to Raymond Woolen Mills Limited.

In late 1994, the “Raymond Woolen Mills” was changed to “Raymond Limited”.

Traditional product lines were discounting. High quality becomes a numbers of

watchwords and the diversification program got head start. Non traditional blends of

natural and manmade fabrics were introduced back by sound research & Development.

This resulted in greater consumer satisfaction both at home and abroad. The idea of J& K

was to develop an organization with a diversified product line. Over the year the

organization grew in structure and nature. To facilitate better involvement of the top

management in the organization effort, the J. K. Organization was divided into three

zones i.e., Western, Central and Eastern. The Raymond Limited in Chhindwara is a part

of Western zone. Raymond Limited has five divisions comprising of Textiles, Denim,

Engineering Files & Tools, Aviation and Designer Wear.

Raymond Textile is India's leading producer of worsted suiting fabric with over

60% market share. With a capacity of 25 million meters of wool & wool-blended fabrics,

Raymond Textiles 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 & development, which has resulted in path-breaking new products.

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Perceived as pioneer and innovator, Raymond Textile has been responsible for raising the

standard of the Indian textiles industry.

Garment companies have been successful in the Indian market using different

approaches and distribution methods. Raymond, with its history of more than 75 years,

relies on its long-standing reputation; loyal customer base and well-established, extensive

retails network in over 400 towns through 30,000 retailers and over 270 exclusive

Raymond Shops.

In fact, Raymond initiated the entire business of developing the menswear apparel

business. It started the development work through the introduction of its first brand, Park

Avenue. The readymade garments division has since then growth rapidly. It has created

many a pioneering trend such as ready to wear suits. Raymond has now become the

leader among ready-mades, in India, achieving a business turnover of over Rs. 200 crores

with its three brands-Park Avenue formal wear, Parx casual wear and Manzoni, a

premium range of shirts, suits and ties.

Raymond as a group enjoys a huge advantage over the competition – that of

vertical integration – right from manufacturing, to ready-to-wear to distribution. The

main components of a successful integrated ready-made garments manufacturer are

Fabric design, Garment design, State-of-the-art, Manufacturing systems, integrated

logistics.

To participate on a global platform, one cannot do without any one of these

components. Logistics has to do with supply chain have to do with supply chain

management. It starts from the procurement of the basic raw material till the finished

product reaches the end consumer. In the ready-to-wear segment, the maintenance of the

logistical chain is challenging due to the various fits, collections and seasonality and also

the challenges in terms of color and design, as requirements of both design and fabric

change with season. At Raymond, the entire supply chain management is managed

through a state-of-the-art software system, developed and tailored to meet its specific

needs.

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With a capacity of 25 million meters of wool & wool blended fabrics, Raymond

ranks among the top three integrated products in the world and has a 60 per cent market

share in India alone. Internationally it is known to be a quality supplier of fabric to many

leading global brands, having a consolidated position in the global fabric exports market.

It exports suiting to more than 50 countries including the U.S., Canada, Europe, Japan

and West Asia. Exploring potential markets for expansion is one of its prime focuses.

1.1 GROUP COMPANIES

Incorporated in 1925, the Raymond Group is a Rs. 1959 crore plus conglomerate

having businesses in textiles, 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.

The subsidiary companies of Raymond Limited are as follows:

Raymond Ltd.

Raymond Ltd. is among the largest integrated manufacturers of worsted fabrics in the

world.

Raymond Apparel Ltd.

Raymond Apparel Ltd. has in its folio some of the most highly regarded apparel brands in

India – Raymond Premium Apparel, Park Avenue, Parx and Noting Hill.

Color Plus Fashions Ltd.

Color Plus is among the largest smart casual brands in the premium category. The

company was acquired by Raymond to cater to the growing demand for a high end,

casual wear brand in the country for Men & Women.

Silver Spark Apparel Ltd.

A garmenting facility that manufactures formal suits, trousers and jackets.

Ever Blue Apparel Ltd.

A state-of-the-art denim garmenting facility.

Celebrations Apparel Ltd.

A facility set-up for the manufacture of formal shirts.

Raymond Zambaiti Ltd.

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A Greenfield facility manufacturing high value cotton shirting.

J.K. Helene Curtis Ltd.

A leading player in the grooming, accessories and toiletries category.

J.K. Investor Trade (India) Ltd.

JKIT is an investment company registered with Reserve Bank of India as Non-

Banking Financial Company.

JK Files (India) Ltd.

A leading player in the Engineering Files & Tools segment and the largest producer

of steel files in the world.

Ring Plus Aqua Ltd.

A leading manufacturer in the engineering automotive components.

Trinity India Ltd.

A leading supplier of components and sub assemblies for the automotive global

market.

Raymond UCO Denim Pvt. Ltd.

The manufacturers and marketers of denim fabrics.

1.2 RAYMOND BRANDS

RAYMOND:

For over 80 years, Raymond is counted as one of the world’s premier

manufacturers of worsted suiting fabric in fine grade wool; in the same league as the

finest that Europe has to offer. Today, the Raymond product range includes pure wools,

wool blended with exotic fibers like camel hair, cashmere and angora and innovative

blends of wool with polyester, linen and silk. Offering suiting and treasuring fabric for all

occasions and needs. Our domestic distribution is spread far and wide with more than

30,000 outlets that stock and sell our wide range of fabrics. Fine products, wide range,

superb distribution and intelligent advertising support have helped the company gain a

dominant share of the market. No wonder, premium labels from the world’s fashion

capitals prefer Raymond.

MANZONI :

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Manzoni is a luxury lifestyle brand offering the discerning customer a super

premium range of formal wear and sportswear including shirts, suits, trousers, jackets,

ties and leather accessories. Our exclusive designs provide customers the best in

contemporary international style and luxury. Each garment is crafted from the most

exotic cotton silk, linen and superfine wool, the best-in-the-world linings, interlinings and

threads sourced from around the globe.

PARK AVENUE:

Launched in 1986, Park Avenue is today, India’s most admired formal wear

brand. It offers stylish and innovative wardrobe solutions to gentlemen for all their

dressing needs, be it Business, Evening Leisure, Travel or Heritage Wear. The brand has

received several awards. Recently, it had the honor of being the ‘Most Admired Brand’ at

the Lycra Images Fashion Awards 2007 for the third consecutive year. Crossing the

gender divide, Park Avenue launched ‘Park Avenue Woman’ - a complete range of

Business Wear for women. ‘Park Avenue Woman’ is designed specially for the working

women professionals of today.

COLORPLUS:

Color Plus is one of India’s premium and most respected casual wear brands

offering customers a range of shirts, trousers, knits and survival gear. Color Plus

constantly innovating the processes and technologies which offering the buyers new

world of comfort. Some of the technological innovations it is well known for; include

thermo-fused buttons, golf ball wash, soft jeans, wrinkle free technology, stain-free fabric

and the cone dyed technique. Adding new color now to the woman’s wardrobe, Color

Plus recently launched Color plus Woman – An exclusive range of smart-casual clothing.

Parx:

Parx is a ’premium casual lifestyle brand bringing customer a range of stylish

semi-formal and casual cloths that reflects the easy, relaxed attitude of the energetic 22-

30 years old. Parx was launched in 1999 to cater to the smart and fashionable clothing

segment

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1.3 OVERVIEW OF CHHINDWARA UNIT

Raymond Limited Chhindwara is the Flagship Company of J. K. Groups (Western

Division). It produces high quality polyester wool fabric and polyester viscose blends

fabric. It began operation on 1 April, 1991 to cater the growing demand of premium

suiting the plant is at a distance of 57 kms. From Nagpur and 70 kms. From Chhindwara

on Nagpur-Chhindwara Road. The hundred acres plot stood as a pioneer in the Socio-

economic development of this region.

Vision: To be the world’s most admired Worsted Suiting Company

Mill: RAYMOND LIMITED (Textile division Chhindwara)

Kailas Nagar Tehsil - Sausar District – Chhindwara

Location: Raymond Limited is situated in Boregaon this comes under M.P

audhyogik viksaKendra nigam, Jabalpur.

Head office: J.K Organization J.K Bldg, N. Morarjee Marg, Ballard zadgaon

Mumbai 400038: Raymond Limited Plot no. 156/11, No.2 village zadgaon

Ratnagiri (M.H) 415612.

Production commenced on: 1s t April 1991.

Work director: Mr. VINOD PADMAHABHAN.

Product manufacture: Suiting polyester / wool, polyester/viscous all wool,

furnishing fabrics

Area of the plot: 100 acre

Turn over: 400 crore

Our output: 11 lacs meter per month

Power consumption: 165363 units per day

Water consumption: 45 lacs liters per day

Coal consumption: 55 metrics tones per day

Man power: Office-265, Staff-428, Sub staff-38, Workers-3145

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1.4 The lists of factors leading to the selection of this location are:-

1. Cheap Land.

2. Labour availability at cheaper cost.

3. Easy availability of power, fuel and water.

4. Availability of land for Expansion.

5. Easy Transportation (because nearer to Nagpur which is well connected to

Roads, Rail and Airways.)

6. Market Proximity.

7.15% of subsidy on total cost of project subject to maximum of 15 lacs.

8. Sales Tax exempt for 7 years initially.

9. Entry Tax exempted for 5 years extended by another five years due to

major expansion.

10.5% Subsidy in electricity charges subject to a maximum of 10 lacs per

annum. The plant is well equipped with the most modern machinery, which

results in high efficiency and productivity. Most important than machines are

the manpower, which is adequately skilled and component. Within 3 years of

starting, we had achieved over 90% efficiency levels in the Spinning and

weaving departments we are still maintaining it.

2.0 ORGANIZATION STRUCTURE

Organization structure is defined as "The logical arrangement of task and the

network of relationships and roles among the various positions established to

carry out the activities necessary to achieve the predetermined objectives of

business". Internal Organization structure constitutes the arteries and veins

through which the blood of work flows in the body of Organization.

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The term organization can be studied as a structure and also as a

process. In a static sense, organization is a structure. A group of people

functions within this structure and try to accomplish certain objectives.

Organization is a structure for the conduct of business activities efficiently.

Organization structure refers to the network of relationships among

individuals and positions in an Organization.

In this Organization, the authority moves directly from the top level to

the lowest level in a step-by-step manner. It is straight and vertical. The top-

level management takes all major decisions and issues directions for actual

execution. The general manager, for example, issues order to various

departmental managers. Thereafter, the departmental manager issues

instructions to works manager. The works manager will issue instructions to

foreman. In this manner, the orders and instructions will be issued to the

workers working at the lowest level. Thus authority moves downward and

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also step-by-step. The responsibility, on the other hand, moves in the upward

direction.

3.0 PRODUCTION PROCESS

3.1 RAW MATERIALS

♦ Wool:

The Merino brand of wool is imported from Australia, and supplied as Tops

by the wool Scouring and Grey Combing department.

♦ Polyester:

A man made synthetic fiber which is in the form of staple fiber or tow. There

are three varieties – Normal, Sparkle and Low pill.

♦ Viscose:

A regenerated cellulose fiber which is made from wood pulp. Generally it is

dope dyed by suppliers and is in fibrous form.

The production operations at our plant are coordinated by the

PRODUCTIONPLANNING & CONTROL department. Its role is to gather

information of all stock at various stages and communicate with the different

departments; so that production activities are synchronized. We have six

months order in advance and divide the production activities bi-annually in

unison with the Market and our JALGAON and THANE units. First in the

sequence is the RAW MATERIAL GODOWN where the basic inputs procured

are stored, accounted for and intimated to the COMMERCIAL department.

The first stage of processing is DYEING. According to a dyeing plan set by

the production planners, the dyeing department is issued tops. Fabrics and

yarn produced at further stages which are grey or do not have the

desired pigmentation are also dyed. Some polyester is procured in the form of

tows. These are cut and converted into sliver form and converted into tops in

the CONVERTER section. The material is sent back to the raw material go

down from where it is sent to the dyeing department. Only after a perfect

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match with standards Hades are the tops sent to the RECOMBING

department. In the Recombine department tops of polyester and wool in sliver

form are blended and mixed to produce a uniform sliver (65% polyester &

35% wool). The processing ensures that fiber is untangled. Straightened and

parallel. All there Tops (polyester and wool) are sent for spinning in the

WORSTED SPINNING department. The function of spinning is to form yarn

fiber. The yarn made is wound on a bobbin and is called cheese.*Tops – roll

of sliver *Tow – roll of continuous film or filament of fiber  *Sliver – fiber in

a rope like form. Simultaneously polyester and viscose fiber is dispatched

from the dyeing department and raw materials go down (grey i.e. UN dyed) to

the blow room or P/V SPINNING department where it is mixed in proportion

(67% polyester and 33% viscose). This mix is transformed into sliver in the

carding section which further processes and produces a poly-viscose yarn.

3.2 RAW MATERIAL NORMS

PSF – POLYESTER STAPLE FIBRE

VSF – Viscose Staple Fiber 

TOW – Polyester Continuous Filament

GWL – Greasy Wool

SWL – Scoured Wool PROCESS MATERIAL (Top is a bundle of sliver conversion of wool or Polyester TOW is a converted Top)

TOP-Polyester 

TOP-Wool TOPOTHER MATERIAL:-

FLEX TOP (Linen TOP)

SILK TOP

VISCOSE TOP

LENRING MODEL TOP

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BLENDED TOP

LENRING MODEL TOP

3.3 SALES PROCEDURE

Every year there is sales booking takes place and the booking is done

for two seasons.

1) Summer booking (in the month of December)

2) Winter booking (in the month of June)

In the booking the dealers book their requirement for next season for which

the booking is being taken place. And as per their booking, Sales &

Marketing Dept. prepares sale notes quality wise, shed wise for all the

dealers those are given booking for the next season. There is a three types of

Sale Notes are prepared.

1) Main Sale Notes:

The same is prepared buyer wise. In this, the qualities and shed numbers are

mentioned of the dealers which are to be produced by us to fulfill the

requirement in the required delivery period under instructions given to

Production & Planning Department.

2) Additional Sale Notes:

The same is also prepared buyer wise and the same is issued after  completion

of booking for delivery period of next two months having the qualities and

shed numbers as per requirement of the buyer.

3) Mini Sale Notes:

Mini Sale Notes can be issued in favor of buyer as per their requirement

received through phone or email or their personal visit

3.4 Raymond’s wide range of products and services are as follows:

Total textile solutions.

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Fabrics (worsted, denim and shirting).

Apparels (tailored clothing, Jeanswear and dress shirts).

Brands (Raymond’s, Manzoni, Park Avenue, Color plus, parx, Be:, Zapp!, Notting

hill and The Raymond Shop ).

Woolen outerwear.

Furnishings.

Retail (The Raymond Shop and Brand Store).

Engineering (Files, Cutting wools and hand tools and Agri Tools and Auto

components).

Personal Care (Park Avenue and Kama sutra).

Prophylactic (Kama sutra and surgical Gloves).

International Business.

Corporate Wear.

4.0 Raymond Culture

Core Values:

Quality, safety and respect are among Raymond’s Core Values. With

continuing excellence and integrity, these are the tools, the intangible brick and mortar

that allow us to build the future, to build something we value most of all… Trust. We

believe in creating close collaboration — within our team and with each one of our

clients. The following values guide the daily actions of our employees and partners:

Integrity — operating with the highest moral standards.

Be honest and fair, keep our promise and live up to our commitments.

Quality — Achieving excellence in all that we do.

Safety — protecting the well being of our employees.

Respect — Recognizing and appreciating people’s contributions.

Focus on the individual, whether it is a client or an employee.

Continuous Improvement — committing to move from Good to Great.

Work/Life Harmony — balancing a passion for work and a Zest for life.

Teamwork — maximizing the collective talents of our People to accomplish our goals.

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Trust — conducting ourselves in a manner that will earn the Respect of our employees,

customers, and vendors.

Excellence: Exceed expectations with our quality of service, develop more qualifications,

and create value for our clients.

Dedication: Listen, understand needs, and fulfill expectations.

Mission:

Our mission is to become the preferred specialty contractor in each of our

market areas while enhancing our employees’ quality of life and achieving consistent

operating profits that exceed industry standards.

Offer quality and personalized services and solutions that fulfill the needs

of our clients and maintain a team of professionals who are passionate about creating a

long-term relationship with those clients.

Vision:

At Raymond, we build relationships with customers by providing

solutions to their challenges. We work proactively to accomplish this through dedication,

capability, integrity, and teambuilding. We continually develop and strengthen these

qualities by investing in our people.

5.0 Objectives of Performance Management System

Performance Management process carried out should meet the following objectives:

1. Work plan for the entire year.

2. Undertaking productive activities.

3. Utilizing competencies in the best possible manner.

4. Constant learning and developing one’s own capabilities.

5. Continuous improvement in performance.

To check out if the performance management process carried out achieves the

following objectives or not a questionnaire was designed which captured the complete

process of performance management process and the after effects of it. The questions

were based on likert scale and the data obtained were analyzed. The analysis done was

Demographic Analysis, Percentage Analysis and Chi square Analysis.

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Sample Brief:

All the departments functioning in the Raymond campus at Chhindwara was

taken into consideration for the study. Raymond has employee strength of 750 in the

corporate office. As per standards a sample population of 10% would have been suitable

for the study. The questionnaire designed (100 copies) was floated in all the departments

of which only 72 came back. Thus the study was carried out on a sample size of 72.The

following table shows the sampling frame considered for the analysis:

Departments/Designations Executive Officers Assistant

Managers

Deputy

Managers

Manager Senior

Manager

Deputy

General

Manager

Total

HR     3 2 1 1   7

Finance and Accounts   1 3 1 1 1 1 8

Sales 2 2 7 8 1 1 1 22

Design   2 2 1       5

Product Development     2 1 1     4

IT     3 3 1     7

SCM     5 3 2 1   11

Others 3 4 1         8

Total 5 9 26 19 7 4 2 72

6.0 Observation and Recommendation about the current

Performance Management System Process going at

Raymond

Employees do not understand the actual meaning of Key Result Areas (KRA) and

the correct way to write those Key Result Areas. In this scenario it becomes

important for people managers and the Human Resource team to make the

employees understand the Key Result Areas. One of the initiatives already taken

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by the Human Resource Department is to conduct KRA Workshops for each

business unit. In the workshop people a detailed explanation of KRA is given and

instructions were laid out about the mathematical approach to write KRA, which

is according to SMART (Specific, Measurable, Achievable, Realistic, Time

bound). But there was lot of confusion about on what guiding principles the KRA

was to be written.

To overcome this type of confusion the organization should go for Balance Score

card approach based on which every employee should write their KRA. The

detailed explanation of the approach is given at a latter part in this report.

The KRA written are primarily divided into three components such as “Business

Deliverables, Strategic Initiative and People Processes”. The weight ages assigned

to these depend on the designation of the person. GM level and above which

includes Director, Vice Presidents and President have the same distribution of

weight ages i.e. 50% Business Deliverables, 30% Strategic Initiatives and 20%

People Processes. This division works well for the GM level. But Strategic

Initiative should have a higher weight age for the Director, Vice President and

President Level.

The time slot given for writing KRA is almost 45 days and more, which covers

half of the first quarter. This can be reduced to a month so that enough time could

be given for the performance review process to be carried on.

Mid-year review is done to assess the achievement for the six months and to plan

for the next six months. If the same review process is done quarterly, then the

process would become more robust.

The rating grid adopted here is confusing and complicated. Though the rating

system given handles the biasing error but it can be made more simplified.

The online interface of filling up KRA can be made more users friendly.

Moreover the KRA can be made transparent i.e. every employee can look into

each other KRA. This would help in building trust among employees and one

employee can what are the responsibilities of other employee.

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7.0 Corporate social responsibility (CSR) statement

The voluntary compliance of social and ecological responsibility of companies is

called Corporate Social Responsibility (CSR).

Corporate social responsibility is basically a concept whereby companies decide

voluntarily to contribute to a better society and a cleaner environment. Corporate social

responsibility is represented by the contributions undertaken by companies to society

through its business activities and its social investment. This is also to connect the

Concept of sustainable development to the company’s level.

Over the last years an increasing number of companies worldwide started

promoting their Corporate Social Responsibility strategies because the customers, the

public and the investors expect them to act sustainable as well as responsible. In most

cases CSR is a result of a variety of social, environmental and economic pressures.

The Term Corporate Social Responsibility is imprecise and its application differs.

CSR can not only refer to the compliance of human right standards, labor and social

security arrangements, but also to the fight against climate change, sustainable

management of natural resources and consumer protection.

The concept of Corporate Social Responsibility was first mentioned 1953 in the

publication ‘Social Responsibilities of the Businessman’ by William J. Bowen. However,

the term CSR became only popular in the 1990s, when the German Betapharm, a generic

pharmaceutical company decided to implement CSR. The generic market is characterized

by an interchangeability of products. In 1997 a halt in sales growth led the company to

the realization that in the generic drugs market companies could not differentiate on price

or quality. This was the prelude for the company to adopt CSR as an expression of the

company’s values and as a part of its corporate strategies. By using strategic and social

commitment for families with chronically ill children, Betapharm took a strategic

advantage.

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In July 2001, the European Commission decided to launch a consultative paper on

Corporate Social Responsibility with the title „Promoting a European Framework for

Corporate Social Responsibility“. This paper aimed to launch a debate on how the

European Union could promote Corporate Social Responsibility at both the European and

international level.

The paper further aimed to promote CSR practices, to ensure the credibility of

CSR claims as well as to provide coherence in public policy on CSR.

THE RAYMOND GROUP LIMITED.

RM is an organization committed to creating business growth whilst

ensuring that impact on the environment is minimized and that all activities are

conducted safely by well-trained and qualified employees.

7.1 Our policies and procedures for CSR are summarized as follows:

The main responsibility for developing corporate policies on social, ethical

and environmental matters and for reviewing their effectiveness lies with the Raymond’s

Board. It is then the responsibility of individual managers to communicate and implement

such policies within their particular business area taking account of legislation to ensure

compliance with the policy and to maintain, review and refine procedures accordingly.

Raymond’s policies and procedures, including those relating to social, environmental,

health and safety, employment and ethical matters, are communicated to all staff via the

Raymond’s Employee Handbook. All policies and procedures are reviewed regularly;

any updates are communicated to staff.

7.1.1 The three key areas of corporate social responsibility at Raymond’s are:

Environment

Health and Safety

Human rights, employment and ethics

Environment:

RM is committed to adopting environmentally responsible policies.

Health and safety:

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RM recognizes its health and safety duties and responsibilities and complies with the

relevant health and safety legislation. The Managing Director has overall responsibility

for health and safety.

Human rights, employment and ethics:

It is our policy to adhere to all legislation relating to employment rights and equal

opportunities, with particular reference to non-discrimination on the basis of ethnic

origin, religion, gender, age, marital status, disability or sexual orientation.

We ensure that physical, verbal and psychological abuse, or sexual or other forms of

harassment towards employees are not tolerated.

We ensure that disabled persons are recruited, trained and promoted on the basis of

aptitude and ability. If employees become disabled, every effort is made to retain

them and when necessary re-train them for appropriate posts.

We pay wages and benefits which meet or exceed national minimum requirements

and adhere to working time regulations where applicable.

We do not use forced labor nor employ workers under the school-leaving age.

We provide a safe and secure workplace and promote good health and safety and

environmental practices.

We adhere to applicable laws regarding the freedom of employees to associate or

bargain collectively without fear of discrimination.

All employees are expected to behave with integrity and honesty and adhere to the

code of ethics.

Employees may report any concerns they may have over unethical business practices

or conduct, dangers to health and safety, or breach of company policies. Any such

disclosures are appropriately investigated. In addition, RM is committed to protecting

the career and reputation of employees who report wrongdoing in accordance with

established procedures, as long as their disclosures are delivered in good faith and

seek to safeguard the best interests of the company.

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We do not give or receive any bribes, extra contractual gratuities, inducements,

facilitation fees or similar payments.

We do not give to customers or business contacts, or allow by employees to receive

any gifts, whether in cash or kind, in excess of £30- £75 in value, unless in the course

of normally accepted business entertainment or the subject of prior written approval

by management.

We do not donate (including sponsorship, subscriptions or provision of employee

time or facilities) to any political party or similar organization.

We ensure we purchase legal licenses to all software in use.

We try to ensure that there are no conflicts of interest between employee's private

financial activities and their part in the conduct of RM businesses.

RM recognizes the value that its employees create for the business and its

commitment to training and personal development, together with remuneration

policies which are designed to reward achievement and emphasize the importance of

retaining staff.

RM provides information to employees on a regular basis. This information includes

matters relating to company performance, its prospects and the future outlook for

business.

RM supports local charities and participates in a range of community activities.

8.0 ADOPTION OF QUALITY STANDARD BY RAYMOND LIMITEDTEXTILE DIVISION:

At Raymond Limited (Textile Division), Chhindwara, maintenance of quality

to manufacture and supply high quality polyester-wool and polyester-viscose

and furnishing fabrics and activities for  maintaining environment of factory

unit. Raymond Limited (Textile Division), Chhindwara got some quality life

for their factory unit and that is ISO which gives the certificate for quality

assurance.

Quality: Quality means doing the right thing, the right way, first time and

every time.

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ISO: International Organization for Standardization Company got

certification in ISO 14001: 1996 certified in Nov. 2002ISO 9001: 2000

certifies in March, 2004.

The company stringent quality control system ensure that its blends match the

exacting Standards of its customers in terms of chemical composition,

mechanical properties, automation, viscose, polyester, yarn and inclusion

rating.

9.0 ENVIRONMENTAL POLICY ADOPTED BY RAYMOND LIMITED

TEXTILE DIVISION – CHHINDWARA

Raymond Limited (Textile Division), Chhindwara is committed to

manufacture and supply high quality polyester – wool and polyester – viscose

blended suiting and furnishing fabrics and to demonstrate excellence in

environmental performance of all its activities. Products and services on a

continual basis in accordance with the requirements of  ISO 14001:2004.

Raymond Limited is committed to comply with all legal requirements

of manufacture and delivery of blended fabrics. Raymond Limited is

particularly conscious of its potential of impact on water use and quality

during the manufacturing operations. As well as issues associated with

transportation of its products. It has therefore institutionalized sound

environmental management systems and strategies including  pollution

prevention, adoption of cleaner technologies, effective resource management,

waste avoidance and best operating practices, in particular, the company is

committed to optimize consumption of all resources including chemicals,

water and electrical energy. Specific objectives and targets are established,

monitored and reviewed at appropriate intervals in order to track and verify

environmental performance. Raymond Limited shall strive to strengthen the

awareness, skill and competence of all its employees and contractors. The

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environmental policy is communicated to all persons working for and on

behalf of the organization and is available to all interested parties and the

public.

10.0 AWARDS & RECOGNITION

TEXTILES

Raymond Vapi plant has won the Second Prize in the National Energy

Conservation Award 2013.

Raymond has been placed at the top of the ‘Textile and Garment’

segment as the ‘Most Admired Companies in India 2013’ by Fortune

magazine.

The Business world Most Respected Company Award 2011 in the

Apparel & Textile category.

Raymond has been ranked 20th in "The Brand Trust Report, India

Study, 2011".

Images Fashion Awards 2009 - Most Admired Textile Brand of the

Year.

Reader's Digest - Platinum Trusted Brand, 2008.

Lyrca Images Fashion Awards 2008 - Most Admired Textile Brand of

the Year.

Lyrca Images Fashion Awards 2008 - Most Admired Suiting Brand of

the Year.

CNBC Consumer Award 2007 - The Best Branded Readymade Garment

and Textile.

APPARELS

Color Plus awarded for 'Impactful Retail Design and Visual

Merchandising' - Asia Retail Congress 2013.

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Raymond has won the 'Most Trusted Apparel Brand 2011' Award from

Economic Times Brand Equity.

PARK AVENUE has won the ‘Most Preferred Men’s Apparel Brand’

under the Lifestyle category in the NORTH EAST CONSUMER

AWARDS 2011.

Park Avenue has been ranked 36th 'Most Trusted Personal Care Brand

2011' in Economic Times Brand Equity.

Images Fashion Awards 2011 - Most Admired Men’s Formalwear

Brand of the Year.

Images Fashion Awards 2009 - Most Admired Menswear Brand of the

Year.

Lyrca Images Fashion Awards 2008 - Most Innovative Lycra Brand of

the Year.

RETAIL

Raymond Made-to-Measure has won the 'Retail Idea of the Year 2013'

from ET Retail Awards 2013.

Raymond Retail has won the 'Most Innovative Retailer of the Year

2012' from 10th National Franchising and Retail Industry Awards.

Raymond Made-to-Measure has won the 'Most Innovative Store

Design' from ET Retail Awards 2011.

ENGINEERING

JK Files (India) Ltd. – Chiplun Unit has won the coveted "INDIZEN

2014 Award" for Excellence in Operations from KAIZEN Institute of

India at National Case Study Competition.

EEPC (Engineering Export Promotion Council) India "Export

Excellence Award 2011-2012" for Hand Tools Exports in the category

of Large Enterprise .

EEPC (Engineering Export Promotion Council) India "Star Performer

Award Year 2008-2009" for the highest engineering exports in Hand

Tools (Large Enterprise).

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PERSONAL CARE

Raymond Fragrance has won the 'Best Consumer Packaging in Asia' from Asia

Star Award 2012.

INTERNATIONAL BUSINESS

DHL & CNBC TV18 International Trade Awards 2006-07 - 'Outstanding Exporter Award' in the engineering category.

HUMAN RESOURSE ACCOR Services - (International Leaders and India's Foremost in Employee

Benefits, Motivation and Loyalty Solutions) - Presented the "GLOBAL HR

EXCELLENCE AWARDS 2007-08" for the Outstanding Contribution to the

Cause of Education at the Asia Pacific HRM Congress.

11.0 STRATEGIC ANALYSIS:

It means defining the areas of strength and finding the areas of concern. It can be

done by SWOT analysis. For Example SWOT analysis of Raymond can be as follows:

11.1 SWOT ANALYSIS

STRANGTHS

The company has strong Research and Development dept. for product and new technology.

The company has many Bank facilities like long credit time and other facilities.

The company has qualified and experience Human Resource for selection and recruitment.

WEEKNESSES

The company has obsolete technology.

The company has low production in off session.

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The company has less man power according to the work.

  OPPORTUNITIES

Large and growing market the available to the company is very large continuously growing.

The company has maintained growth from last many years.

As the population increase the demand of product will increase.

THEREAT

There are many competitors in the market.

The Indian market is the main market of the company but it is very unstable. There are so many other factors like environment, political and regional

 

11.2 SUGGESITION

Raymond should develop managerial skill particularly to identify the weaker section

to reach the benefits the social and economic objects.

Raymond must play prominent role in financing which may result in rising level of

income and employment.

The present official staff of Raymond can be given a suitable management training

that modern management concept and management technologies can be vitalized in

the day to day business of Raymond for the further improvement.

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12.0 CONCLUSION

Raymond Ltd having the good human resource. The entire employees

in the company are well trained and qualified in to the work. All the

departments are well established and fulfill the need of the employee. So the

work environment is very good. The company is doing well in the market but

have to improve the quality of the product. The machinery used in production

is also not so updated. If company will improve in the all mentioned sector

the sell of the company will increase and the company will achieve the top

rank in the competition Raymond Ltd is one of the leading multinational

companies in India. This company produces fabrics. This company has the

large share of the market. It is having more turn over comparing then other

fabric companies in India. The company Raymond have the main competitors

aren’t the Indian they are also the multinational companies but they are not

the Indian company.

The Raymond is mainly produces the fabrics. The production is done on the

basics of marketing requirement. The requirement t and t he o the r i n fo rma t ion i s

ga the r ed by t he Marke t i ng depa r tmen t t h i s requirement is send to the P.P.C.

Department and this department makes the production plane for the month and gives to

the Production Department and fabric are made and distributed in the market.

 

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13.0 Location Details – Raymond

Location Type AddressRegistered Office Plot No.156, H. No.2, Village Zadgaon

Ratnagiri - 415612Maharashtra - IndiaPhone : 232514Fax : 232513Email : thomas.fernandes@raymond.inInternet : N.A

Factory/plantTextile Division: No. E-1 and E-11, MIDC Area, Phase II, Ajanta RoadJalgaon - 425003Maharashtra - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant A-1 Mirjole Industrial Estate MIDC, Kolhapur Road, Ratnagiri - 415639Maharashtra - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant Shed No.S/1 & S/2 Sector 1 Road No.10, Dist. IndorePithampur - 454775Madhya Pradesh - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant Plot No. C 1/1 MIDC Area, Gane - Khadpoli Chiplun Chiplun - 415605Maharashtra - IndiaPhone :

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Fax : Email : N.A.Internet : N.A.

Factory/plant Aviation Division: Old Apparel Building, First Floor, Jekegram, Pokhran Road No. 1Thane - 400606Maharashtra - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant Aviation Division Mahindra Towers B Wing, 2nd Floor P B Marg, WorliMumbai - 400018Maharashtra - IndiaPhone : 22 5660 9999Fax : Email : N.A.Internet : N.A.

Factory/plant Textile Division: B 1, A.K.V.N., Boregaon Industrial Growth Centre, Kailash Nagar, Tehsil SauserChhindwara District - 480001Madhya Pradesh - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant Textile Division: N. H. No.8, Khadki - Udwada, Taluka PardiValsad District - 396185Gujarat - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant 22, New Tangra Road Kolkata - 700046West Bengal - IndiaPhone : Fax : Email : N.A.Internet : N.A.

Factory/plant Suit Plant: No.4/2A, 2B, 5/3A, 3B, Gundapura, Gauribidanur Taluk, ChikkaballapuraBangalore - 561208Karnataka - IndiaPhone : Fax :

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Email : N.A.Internet : N.A.

14.0 Leading Textile mills in India Raymond Ltd., Mumbai

Grasim Industries Ltd., Nagda

DCM Textiles, New Delhi

S. Kumars, Kolkata

Reliance Industries, Ahmedabad

Mafatlal Industries, Mumbai

Aravind Mills Limited, Ahmedabad

Ashima Syntex, Ahmedabad

Nahar Spining, Ludhiana

Hisar Spinning Mills Ltd.

Anand Silk Mills, Valsad

Titex Silk Mills,Valsad

Shree sainath Silk Mills, Valsad

Shreeji Trading Company, Surat

Garden Silk Mills Ltd., Surat

Raj Rayon Ltd., Mumbai

The Bombay Dyeing & mfg. Pvt. Ltd., Mumbai

Shiyaji Silk Mills Ltd, Thane

Nirmala Fabrics, Thane

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