96521783 Western India Plywoods Internship Training Project 2009

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    WESTERN INDIA PLYWOODS LTD

    A STUDY ON FUNCTIONAL AREAS INWESTERN INDIA PLYWOOD INDUSTRIES LTD

    A SUMMER REPORT

    Submitted byMUHSIN.T.P

    REG.NO (AC08MBF055)

    In partial fulfillment for the award of thedegree

    Of

    MASTER OF BUSINESS ADMINISTRATION

    Under the Guidance of

    S.M.SIVASHANKER B.E., M.B.A.

    DEPARTMENT OF MANAGEMENT STUDIES

    ADHIYAMAAN COLLEGE OF ENGINEERING, HOSUR.

    ANNA UNIVERSITY-COIMBATORE

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    WESTERN INDIA PLYWOODS LTD

    JULY-2009

    CERTIFICATE

    This is to certify that the summer training report entitled A STUDY ON

    FUNCTIONAL AREAS IN WESTERN INDIA PLYWOODS INDUSRY

    LIMITED,KANNUR. Submitted by MUHSIN.T.P (ACO8MBF055) is a Bonafide record of

    the industrial training done by her \ him during the academic year 2008-10, under my guidance

    and supervision in partial fulfillment of DEGREE OF MASTER OF BUSINESS

    ADMINISTRATION.

    Dr.V.Navneetha Kumar

    Mr.S.M.SIVASHANKER.

    (Director)

    (faculty guide)

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    WESTERN INDIA PLYWOODS LTD

    DECLARATION

    I hereby declare that this summer report on industrial training entitled

    a study on functional areas of WESTERN INDIA PLYWOODS LTD.,

    submitted to department of Management studies,ADHIYAMAAN COLLEGE

    OF ENGINEERING, HOSUR in partial fulfillment of the requirement for theaward of the degree of MASTER OF BUSINESS ADMINISTRATION is a

    original work done by me during the period of my study at the college under

    the supervision and guidance of Mr.S.M.SIVASHANKER Department of

    management studies ADHIYAMAAN COLLEGE OF ENGINEERING,

    HOSUR.

    (Signature)

    MUHSIN.TP

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    ACKNOWLEDGEMENT

    First of all I thank GOD the Almighty, who blessed me with courage and determination to

    cope up with all the problems in my life and to complete this project successfully.

    It is rather my long felt desire to express my profound gratitude to our pillar of strength Dr.

    G.RANGANATHAN Principal of adhiyamaan engineering college for giving me an opportunity

    to do this project & for the kind and immediate help for the perusal of the project.

    I would like to express my sincere gratitude to DR.NAVANEETHA KUMARHead of the

    Department for the esteemed guidance and expert advice rendered by him in my modest attempt

    to prepare this project.

    I owe a great deal of gratitude to Mr. P K MUHAMMED (Managing Director)for giving me

    a chance to undergo this organizational study.

    I extended my whole hearted thanks to Ms. RACHANA (External Guide). Without her

    valuable guidance about this study and sharing of her corporate experiences with me, this

    organization study would not have materialized.

    I express my my sincere gratitude to my supervising guide Mr.S.M.SIVASHANKERfor

    expert advice and valuable suggestions at each and every stage of this work

    Last but not the least, I am grateful to my family, faculties friends, respondents and toeveryone associated with the project, including those who I inadvertently failed to mention.

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    WESTERN INDIA PLYWOODS LTD

    SERIAL

    NO

    CONTENTS PAGE NO

    1 INTRODUCTION 1

    2 INDUSTRYPROFILE 5

    3 COMPANY PROFILE 8

    4 FUNCTIONAL DEPARTMENT 16

    5 SWOT ANALYSIS 56

    6 FINDINGS 59

    7 SUGGESION 60

    8 CONCLUSION 61

    9 BIBLIOGRAPHY 62

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    WESTERN INDIA PLYWOODS LTD

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    WESTERN INDIA PLYWOODS LTD

    INTROD

    UCTION

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    WESTERN INDIA PLYWOODS LTD

    INTRODUCTION

    Management is the process by which people, technology job tasks and other resources are

    combined and coordinated so as to effectively achieve organizational goal.

    The organizational study conducted at THE WESTERN INDIA PLYWOODS LTD. Is

    to study about organizational structure communication channel , span of control ,organizationalculture etc. of the organization .The relevance of the study is to understand the above mentioned

    facts through a real organizational scenario.

    The chief objective of the organizational study is to familiarize with the working of

    various departments for a particular period, so that one can have exposure to the practical side.

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    WESTERN INDIA PLYWOODS LTD

    Objective of the study

    To have general awareness of the functioning and management of the organization.

    To understand the organization structure and working of various functional departments.

    To analyze the overall performance of the company.

    To understand the extent to which management theory matches with actual practices

    observed.

    To understand and study the organization objectives and goals.

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    WESTERN INDIA PLYWOODS LTD

    METHODOLOGY

    The methodology used for this organization study is mainly in two ways. They are;

    PRIMARY DATA,

    SECONDARY DATA.

    PRIMARY DATA

    Primary data are those data which are collected first hand and thus happen to be in

    original character. The primary data includes the data by questionnaires, by observing

    and by interviews with the company personnel at different levels of management.

    From the managers

    From the office staff

    Rom the workers.

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    WESTERN INDIA PLYWOODS LTD

    SECONDARY DATA

    Secondary data are those data which have already been collected from the company such

    as

    Business journals

    Quality manuals

    Annual report

    Magazines broachers.

    LIMITATIONS OF THE STUDY

    1. Due to shortage of time and other constraints, interviews with workers were short.

    2. Both managers and employees are not ready to fully reveal the data required for

    the project and the document of the company are not open for the public scrutiny.

    3. Lack of availability of secondary data from published journals and reports.

    4. Another limitation faced was the respondents sometimes were too busy to answer

    questions in detail.

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    WESTERN INDIA PLYWOODS LTD

    INDUSTRYPROFILE

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    WESTERN INDIA PLYWOODS LTD

    INDUSTRY PROFILE

    Trees are natures greatest bounty to man. They provide shelter, fuel, medicines and tools

    for war or commerce or transport. It was a timber from trees, which in the early days helped man

    to conquer the oceans and to fly in the air.

    Nature develops trees as a mother brings up children, making each one a separate

    individual. It is an amazing sight to see the natural abstract rhythm of line, colour and texture in

    wood. Nothing from nature indoors gives such a long lasting enjoyment as the natural beauty of

    wood. Flowers fade, but the beauty of decorative wood is enhanced by age.

    GROWTH AND DEVELOPMENT OF PLYWOOD INDUSTRY

    In India the modern sector of Small, large scale manufacturer have played a significant

    role in the socio-economic development of the country. Our county is blessed with immense

    stock of natural resources both above and beneath the soil surface. Forest is one of the important

    natural assets of India.

    Of the various areas of wood processing plywood manufacture is an important sector

    wing to its employment potential and value addition. In India plywood as a product was

    commercially developed first in Assam and its neighboring area by enterprising industrialist.

    Nearly a century ago during those days when the India tea was introduce to Europe, many

    complaints such as tanning of the tea, change of odour, lack of resistance of boxes to withstand

    transport.

    landings were received. To overcome these complaints Indian association set up a committee to

    go up into the details of tea packing and it was found that tea chest made from plywood could be

    used for packing tea.

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    The art of veneering was in existence as early as 1500 BC in Egypt. Veneering is a thin layer of

    sheet of wood uniform in thickness. Veneer is used in Greek during early period to beautify the

    furniture. The Roman also used veneer during the time of 63 BC. During the reign of LUOIX

    XV in 1760 good decorative furniture was made in France using veneer. The plywood which are

    seen in the present form was developed after 1860 this veneer machine was first upgraded by

    French mechanic in 1812. The factory for manufacturing of veneer was first established in

    Germany in the middle of 19th century. Nowadays a rapid development is taking place in this

    field.

    At present wood products are used for manufacture of modern kind of furniture, Building

    material, material for interior decoration, ship building, automobile manufacturing, and

    refrigerator and meant for many other purpose.

    PLYWOOD INDUSTRY IN INDIA

    The Indian plywood industry owes its origin to the development of tea industry in the state

    of Assam, West Bengal, Kerala and the difficulty created by the two World wars in the way of

    imports of tea chest plywood. Except for the setbacks suffered in the post war period, theplywood sector was booming since 1947.

    In 1947 India was a net importer of plywood, mainly tea chest plywood of approximately

    Rs.2 crore per annum. During 1992 India manufactured 150 million sq. meters of plywood types

    that earned approximately Rs.1000 crore. The industry has grown both in medium, large scale

    and small-scale sector. The plywood industry consumes about 15 million m3 timbers of primary

    and secondary species. In fact the plywood industry has provided main outlet for the maximum

    utilization of secondary species of timber there by making available contribution in the forest

    economy. Later, the plywood industry aided for the development of farm forestry sector

    plantation, which benefits the ordinary farmers in the country.

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    The other main raw material required by the plywood industry is synthetic resin, which is

    available within the country. The materials required for manufacturing resins are Urea, Phenol

    and Formaldehyde. This industry also pays excise duty to the extent as Rs.50 crore; provides

    employment to about 30000 people and has total investment as Rs.400 to 500crores.

    INDUSTRY TRENDS

    Competition is keen in the furniture industry. Furniture manufacturers and exporters are

    suffering from decreasing profit margins. Many companies strive to reduce their cost of

    production and increase efficiency. Some relocate their manufacturing operations to other areas

    with lower operation cost, such as the Chinese mainland. On the other hand, foreign

    manufacturers are taking steps to strengthen their domestic production through product

    specialisation.

    To stay globally competitive, Hong Kong furniture manufacturers strive to reduce costs,

    initiate quality control, improve design concepts and capability, and upgrade management skills

    and increase marketing and sales effectiveness. Many manufacturers have obtained or are

    applying for ISO 9000/9002 certification.

    Hong Kong's furniture makers also started to develop their own brands. Furniture

    manufacturers also become more careful about the choice of raw materials to meet international

    standards, such as compliance with legal or other environmental requirements in their target

    markets. China is the largest furniture exporter to many countries, including the US and Japan.

    The total furniture exports of China exceeded US$6,683 million in 2002, with the US being its

    largest market. Guangdong province is the major manufacturing centre of furniture on the

    Chinese mainland. Apart from Hong Kong, manufacturers from Taiwan and even the US have

    also set up production plants on the mainland. In China, most of the production is on an OEM

    basis. China also offers a huge potential market for furniture maker

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    COMPANY

    PROFILE3 | P a g e

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    COMPANY PROFILE

    BACKGROUND AND INCEPTION OF THE COMPANY

    Western India Plywood ltd., is the largest integrated wood-processing complex in the

    country as well as in southern Asia. It was established in 1945 and it started manufacture of sawn

    timberland plywood on a modest scale with a few indigenous and lend lease machinery. The

    founder of Western India Plywood was Mr. A.K Kunhiman Haji, Later he handed over the

    company to his son in law Mr. A.K Kaderkutty Sahib, The Company made progress through the

    years and expanded to its present status. The company grew over the next two decades into a

    well integrated wood processing unit with finely tuned skill in new product development and

    manufacturing.

    Plywood manufacturing was stepped up steadily by addition of new machinery, mostly

    imported. They also diversified from the production of the Tea-Chests and Commercial plywood

    to manufacture of decorative plywood, block board, flush door, shuttering plywood, and aircraft

    plywood etc. The company also installed its synthetic resin unit in 1959 with a capacity of 200

    tones

    The hard board manufactured by the company found ready acceptance in the market so that

    the company decided on an expansion project in 1977 to increase the output of the hardboard to

    24700 tons per year. The expansion project was completed in 1980. Recently in 1990, the

    company added pre finished hard board and plywood to its impressive product range. A state of

    art production line imported from Italy utilizes technology from the market leaders in the field of

    U.V curable paints TREFFERT of Germany. Process employed in plant is totally environment

    friendly and does not involve any harmful emission. The company is the first in the country to

    put up a plant for irradiating wood in collaboration with Bhabha Atomic Centre Mumbai in order

    to aggregate the low-grade timber

    .

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    NATURE OF BUSINES

    WIP is the fourth biggest plywood factory in Asia. The factory is situated in Kannur

    district in Kerala state. WIP collects timber and firewood through import from Malaysia, Africa,

    Burma, Russia etc. and local purchase. Thus it is being processed at the factory and converts into

    various finished products such as different varieties of plywood, hardboard, furniture, wood floor

    etc. WIP exports 80% of total production to Germany, USA, Canada, Italy, Australia, Japan,

    Sweden, Middle East and Gulf Countries regularly. The rest of 20% is being through retail

    outlets and Companys sales depots throughout the country WIP Ltd., the largest integrated

    wood processing complex in the country, was incorporated in 1945 immediately after second

    world war. The WIP is a widely held public ltd., company listed in cochin and Madras Stock

    Exchange.

    Thanks to the dynamism and vision of its founder managing director Mr. A K

    KADERKUTTY, who is the acknowledged doyen of the Indian wood working industry? WIP

    grew over two decades into a well integrated wood processing unit with finally tuned skills in

    new product development and manufacture. Though its 60 years of existence, WIP has been

    singularly responsible for the most significant product innovations in the Indian plywood panel

    industry.

    A HARDBOARD plant with an installed capacity of 12.5 tones was set up in 1959-60

    with West German technical collaboration. Today WIPs hardboard division is the market leader

    in hardboards with state of the art production lines manufacturing over 120 tones today. WIPs

    hardboard like its plywood products, commands a premium in the market, due to its intrinsic

    quality which is recognized by loyal customers.

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    WIPS LIST OF FIRSTS IN THE COUNTRY

    First to make irradiated wood

    First to make aircraft plywood

    First to make synthetic resin adhesive bonded plywood using hot pressing techniques.

    First to make high pressure industrial laminates

    First to make quality hardboard way back in 1959-60

    First to manufacture Di Ally phthalate molding powder

    First to manufacture GI Plywood-GI sandwich panel for anechoic chamber.

    First to make pre-finished Plywoods and hardboards using UV cured surface finishing

    techniques.

    First to get ISO 9000 certification for hardboard and prefinished boards.

    The company has earned special appreciation from leading industries in the automotive

    sector, Footwear sector, ISRO, BARC, Indian Railways etc.

    VISION, MISSION AND QUALITY POLICY

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    VISION

    Continue to remain the best plywood panel corporation in India with a growth in allied

    areas

    MISSION

    To provided utmost satisfaction to the consumer through best quality and customer care.

    To continusly upgrade the product through innovation and convergence of new

    technology and to produce the best quality product.

    To safe guard and enhance share holders value

    To respect the dignify of all employees and together to become instrumental in the

    development of the country while protecting the environment.

    To utilizes the surpluses for the welfare of employees and the society at large.

    QUALITY POLICY

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    Quality policy of WESTERN INDIA PLYWOODS LTD is to manufacture products as

    per national/international standard and make them available to customers as per requirement.

    WESTERN INDIA PLYWOODS LTD endeavor to upgrade the quality of its products

    and related services on a continual basis through regular improvement

    effort.

    A well defined quality management system has been implemented. This system is

    continuously revised to enhance its effectiveness and updated to meet changing needs.

    QUALITY OBJECTIVES

    Suitable equipments and machinery for process control at all stages.

    Provision of adequate resources including raw materials and personnel to ensure constant

    product quality.

    Well defined process and product characteristics to enable monitoring analysis and

    continual improvement

    Communication of requirement of products including customers requirement,

    statutory/regulatory requirements as per aspect of QMS including policy and objective

    among all employees.

    ORGANISATIONAL CHART

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    PRODUCT PROFILE

    The major product for which the company has been the leaders in quality since 1945 is just

    because of its finest quality products produced as per international standards. The products of the

    company are globally accepted. Over the last 50 years, through its close knit co-ordination of

    various processing units, professional management and maximum utilization of facilities

    available, the company has made an indelible mark in the wood industry a mark of glorious

    achievements

    WIPWOODDensified wood is used in the manufacturing of textile & jute mill accessories

    WIPLAMDensified wood is used in the manufacture of insulation components for transformers &

    switchgears

    WIPCHECKDensified compressed floor board, with both chequred and plain surfaces, building &

    chemical industries

    WIPROCDensified wood used in the manufacture of high precision jig formatting tools in

    aeronautical industry & neutron shields in reactors.

    WIPBEARDensified wood used in the manufacturer of bearing and gears

    WIPCHEMDensified wood used in manufacture of electrical insulation components like studs, nuts,

    cleats & other segments

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    DensifiedWood

    Products

    Plywood, Flushdoor, Block board

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    WIPRESSRigid and high purity densified wood with excellent electrical and mechanical properties,

    for use in the transformer industry.

    WIPLACPre-finished plywood & hard board, used in the manufacture of panel coiling and

    furniture.

    ULTRACLICKEngineered wood flooring

    COMPREG SLATS.

    Used for railway coaches, paneling and as a building material.

    DENSIFIED MOULDED SEATSUsed for railway coaches, auditoriums & restaurant.

    WESTINDPLYDecorative finished and commercial finished BWR and BWP grade plywoods,

    manufactured from selected species of timber, water proof quality used for boat building,

    concrete shuttering, furniture, partitions, paneling etc.

    HARDBORDSUsed extensively by automobile industries, fiber drum manufactures, shoe manufactures,

    photo frame backing, clock manufactures, school writing parts and also for partitions.

    FURNITUREAll type of furniture including molded a knock down furniture

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    FUNCTIONAL DEPARTMENTS

    1) HUMAN RESOURCE DEPARMENT

    2) PRODUCTION DEPARTMENT

    3) PURCHASE DEPARTMENT

    4) MARKETING DEPARTMENT

    5) SALES DEPARTMENT

    6) CENTRAL EXCISE DEPARTMENT

    7) RESERCH AND DEVOLEPMENT DEPARTMENT

    8) EXPORT- IMPORT DEPARTMENT

    9) FINANCEDEPARTMENT

    10)TOTAL QULITY MANAGEMENT ( T.Q.M )

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    HUMAN RESOURCES DEPARTMENT

    An organization is a human grouping in which work is done for the accomplishment of

    specific goal or mission. The goal of a manufacturing concern might be to produce and supply

    the goods and services to satisfy the demand of market.

    WIP LTD., aims at producing plywood, hardboard, and furniture to meet the demands of

    both national and international market. WIP LTD., is having the best governed Human Resource

    Department, which is the heart and soul behind the success of the gigantic establishment.

    Managing Director is the head of the department followed by the factory executive who deals

    with all the matters in the personnel department. He is assisted by the Personnel Officer and

    Welfare Officer.

    JOB ANALYSIS

    This is the process determining, by observation and study and reporting pertinent

    information relating to the nature of a specific job. It is the determination of the task which

    comprise the job and of the skills, knowledge, the and responsibilities required of the worker for

    a successful performance and which differentiates one job from all other.

    J OB SUMMARY

    Monitoring the works of timekeepers

    Processing of joining and separation of employees

    Process contacts and reemployment.

    Processing of disciplinary action

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    JOB ACTIVITIES

    Supervise and coordinate the daily work of timekeepers.

    Monitor and control the attendance recording to eliminate chance of proxy

    Verify for correctness the statutory documents concerning attendance and other work

    recedes of employees.

    Verify documentation of leave of absence; overtime given, weekly off,

    compensatory off etc., verification as to conforining to norms laid down.

    Monitor the preparation of wage/salary statements for each month, ensuring

    incorporation of allowed deduction in respect of each employee.

    Advance intimation of personnel retiring for services and process the papers connected

    with the separation and payments of befits associated with the same.

    Prepare appointment orders for fresh recruitments and the process the joining papers,including issue of identity cards and arranging for enrollment underPF, ESI etc.

    JOB RESPONSIBILITY

    Ensure recording and documentation of attendance of employees at all levels.

    Ensure maintenance of leave records, overtime records, weekly off, compensatory off

    records etc.

    Ensure monthly salary wages statements in time.

    Issue of appointment orders, conformation orders, separation orders etc for all categories

    of employees.

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    Ensure the disciplinary proceedings are followed up till the issue of punishment orders.

    JOB ENVIRONMENT

    Reporting to factory executive/head of personnel functions; however keep rapport and

    liaison with section in chargers in all functional areas.

    Current informal ways of working ;practice of working on oral instructions and

    getting such actions ratified in due course

    Want of documentation by way of proper system and procedures.

    Habitual cases of absenteeism and in discipline.

    The slow pace of work among the staff, as a part of past work practice.

    W ORKING HOURS

    In WIP Ltd., there are three shifts of work. The production process starts on Monday and

    ends on Saturday

    6.30 AM - 2.30 PM

    2.30 PM - 10.30 PM

    10.30 PM - 6. 30 AM

    RECRUI TMENT AND SELECTION

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    In WIP Ltd., the sources of recruitment includes both internal and external. Whenever

    any vacancy occurs somebody from within the organization is upgraded, lie outside the

    organization, which includes new entrants to the labor force, retired experienced persons etc.

    For the selection process a panel of interviewers interviews candidate. The apt candidate is then

    selected for the job.

    TRAINING

    One year training is given to the new entrance. Training is restricted not restricted just

    for a specific work but an overall training is given to workers so that they can fill in the post of

    absentee. This makes the worker more versatile. Stipend is given to the employees during the

    training period.

    CLASSIFICATION OF WORKERS

    In WIP Ltd., workers are classified as follows;

    1. Permanent

    2. Probationers

    3. Substitutes

    4. Temporary

    5. Casual

    6. Apprentice

    T icket or Attendance Card:

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    Every workman shall be given a ticket or attendance card, free of cost, showing his

    number or name, classification etc. Every workman shall punch his attendance card at the

    punching machine and deliver up his card or ticket at the

    place provided in the time office before the commencement of each session of the shift in a day.

    Entrance and exit

    The workman shall not enter or leave the premises of the factory except by the gate or

    gates appointed for the purpose.

    Leave and Holidays

    1. Leave with wages will be allowed to workmen as provided for in the chapter of

    Factories Act.

    2. Leave for sickness, maternity and accident will be allowed to the workmen as

    provided for in the Employees State Insurance Act.

    3. National and festival Holidays with wages will be allowed to the workmen as

    provided for in the Kerala Establishment Act.

    Wage and Salary administration

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    In WIP Ltd., the managers analyze and interpret the needs of the employees so that

    reward can be individually designed to satisfy their needs. Here the workers are paid wages and

    the staff officers managers etc are paid salary. The wage /salary system which WIP which

    follows is time rate system. Under this system workers are paid according to the work done

    during a certain period of time. He is paid at the settled rate as soon as the time contracted for is

    spent. The basic purpose of salary administration is to establish and maintain an equitable wage

    and salary structure.

    Dis ciplinary Action

    Any workman who is found guilty of misconducts is liable to be summarily dismissedwithout notice or compensation in lieu of notice or alternatively to be suspended for period not

    exceeding 4 days or to be fined up to 2% of his wages in a wage period in accordance with the

    provisions of the Payment of Wages Act.

    Wages and other dues, if any, due to workman whose service is terminated by way of dismissal

    or discharge or retrenchment shall be paid to the workman within 2 days of termination of his

    service.

    Trade Unions

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    Trade unions are an inevitable part of a modern industry set up. Trade union influence

    industrial democracy, morale, productivity. There are four trade unions in WIP Ltd. They are;

    CITU (Affiliated to CPM)

    INTUC (Affiliated to Congress)

    AITUC (Affiliated to CPI)

    STU (Affiliated to Muslim League)

    Retirement

    Any workman who is declared mentally unfit or found to be on continued ill- health or

    reached the age of 58 (fifty eight years) shall be retired from the service according to the

    Gratuity Act.

    Voluntary Retirement Scheme

    To achieve the optimum level of manpower with the desirable average age mix as per the

    changing needs of the organization.

    To provide necessary manpower adjustments.

    To provide monetary benefits in terms of terminal benefits and voluntary retirement,

    compensation to the who opt for voluntary retirement.

    Benefits

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    Statutory benefits including ESI, PF, Gratuity etc. are provided to all the employees.

    Besides that WIP Ltd., provides food at subsidized rate to the workers. Whenever any employees

    meet with any accident, all the expense in the course of treatment borne by the company.

    Various acts followed by the company

    1. The Companies Act 1956

    2. The Factories Act, 1948

    3. The Industrial Disputes Act, 1947

    4. The Minimum wages Act, 1948

    5. Payment of Wages Act, 1936

    6. The Contracts Labor (Regulation & Abolition) Act, 1970

    7. Employees State Insurance Act, 1948

    Editions of the following statutory/regulatory requirements guide WIP

    PERSONNEL AND WELFARE FUNCTIONS

    Job Design

    Evaluation and Selection of Candidates.

    Placement.

    Induction, On-the job training

    Training and development

    Appraisal

    Increment, promotion .

    Welfare activity

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    The following welfare facilities are there in our Organization:

    E.S.I. Scheme.

    `Workers Canteen at subsidized rates.

    Staff Mess

    Co-operative Credit Society.

    Medical Re-imbursement for those not covered under E.S.I

    Ambulance

    Festival Advances

    Book Advance

    Staff Recreation Club

    ORGANISATIONAL CHART

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    Managing Director

    GM(Administration)

    Factory executive

    Personnel Officer Welfare officer

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    PRODUCTION DEPARTMENT

    Production involves conversion of raw material into finished products/ goods. It can be

    briefly explained as follows.

    Input Conversion process Output

    In the Western India Plywood Ltd, the raw material that are used to the output is steam

    wood, and chemicals. After introducing these raw materials to a series of process the finished

    goods are obtained. WIP produce three categories of products, namely, plywood, hardboard and

    furniture. The wood that is required for the production is acquired from both local as well as

    international markets. WIP imports wood fromMalaysia, South Africa, and South America etc.

    In India wood is obtained fromKashmir, Mysore, Wayanad, Andaman Iritty etc.

    PRODUCTION PROCESS

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    Log yard

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    Log yard

    Drying

    Cross cutting

    Assembling

    BoilingFlitching

    Slicing

    Slicing

    Pressing

    Drying

    Edging

    Conditioning

    Glueing

    Boiling

    Clipping

    Peeling

    BOILOR

    Trimming

    Sanding

    Finishing

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    It is the place where the wood is kept. Following are the woods that are used: Welapine,

    Pali, Pashupali, Kalpine, Padapine, Mango, Badam, Silver, Neeli, Redcedar, White cedar,

    Swisspine etc.

    Cross Cutting

    The wood from the log yard is brought in for cross cutting. The long wood is cut into

    block of varying sizes ranging from 3 to 8 feet as required. Chain saw is used for cutting the

    logs that works on a hydraulic system.

    Boiling

    In order to make the hardwood soft and to remove its oil content, the block are boiled

    with the help of steam at a temperature ranging from 1200 C to 1800C. The wood is boiled for a

    minimum of 24 hours. The steam that is required is produced in boilers.

    WIP has 4 types of boilers. They are;

    1. Saw dust boiler

    2. Firewood Boiler

    3. FBC (Fuel Bed Combusting)

    4. IAEC (Industrial Agricultural and Engineering Corporation)

    Peeling

    After boiling, the logs are peeled with the help of the peeling machine. The output is

    called the veneer. Two kinds of veneers are obtained Face and core. Both of them have the

    same quality, but the soft and smooth part is known as face and the hard and the rough is called

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    WESTERN INDIA PLYWOODS LTDas core. The thickness of veneers ranges from 0.4 mm to 2.8mm. Sometimes the slicing

    machine is used instead of a peeler. This is mainly used in decorative plywoods.

    Clipping

    The next process is called clipping. Here the veneer produced from the peeler is passed

    through clipper. In clipping the veneer of the required length is cut.

    Drying:

    Drying is the next process. Drying process is conducted by considering time, steam, and

    thickness of wood. The machine used for this process is known as Dryad..

    Edging & Joining

    In this process of edging and joining, three two sides of veneers are cut and removed for

    avoiding damages. After this, the veneers are joined by using gum.

    Gluing

    In this section glue is applied over the core veneers, the glue spreading machine consists

    of 2 rollers rotating in opposite direction between which the glue is kept. The glues used are

    Urea formaldehyde, Areolyte, Melanine formaldehyde.

    Assembling

    In assembling the core veneers are places in between the face veneers. The adjacent

    veneers are placed in such a way that the gains are across each other. Minimum three plies

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    WESTERN INDIA PLYWOODS LTDshould be there in plywood. In this process, several boards are pressed in certain temperature.

    The main element that should be taken as important in this process are steam, thickness and time.

    Conditioning

    Conditioning is the process in which the pressed plys are treated with chemical water to

    avoid termites and fungal attacks.

    Trimming

    In trimming the plywood is passed into the trimming machine for cutting the sidesaccording to the sizes required.

    Sanding

    This is the process in which the trimmed surface of the plywood is smoothened and

    softened by using sandpaper or belt sender or drum sander.

    Finishing

    Finishing is the final step in the plywood production process. All the finishing works are

    done in this step. The boards are sealed and labeled and made ready for dispatch.

    The following are the important products produced with the help of plywood.

    Cold Water Resistant (CWR)

    Boiled Water Resistant (BWR)

    Boiled Water Proof (BWR)

    Warm Water Resistant (WWR)

    Warm Water Proof (WWP

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    Aircraft plywood

    Marine Plywood

    Shuttering Plywood

    Fireproof Plywood

    Flush door plywood

    Inlay board

    High Density Plywood

    Medium Density Plywood

    Low Density Plywood

    Super Block Board

    COMPREG STATES

    These are resin impregnated and compressed wood based laminates. They are

    manufactured from selected veneers obtained from quality timber specious. The veneers are

    seasoned to optimum moisture content, treated, passed through evaporation chambers, assembled

    in the required grain construction and pressed

    Under high pressure and temperature to produce the Compreg stats. Compreg stat is auniform homogenous material free from surface defects, checks, splits, discoloration, blisters,

    overlaps gaps etc. Compreg stats is a unique material having strength of metals, resistance of

    natural timber and the surface finish, stability and hardness of modern plastics. Both surfaces

    have the uniform phenolic resin coating with excellent resistance against abrasive action.

    HARDBOARD

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    Hardboard manufacturing involves a series of well-designed sequential process which

    with the intake of wooden pieces from one end and formation of Hardboard at the other end

    ready for supply.

    Following are the various machinery and process involved:-

    Chipping Machine for the formation of wooden chips:

    These chips are transferred to the head tank for washing it using conveyor belts.

    Cleaning of chips:-

    This is done using boiling water. It also provides sufficient softness for the chips.

    Passing through sieve does the separation of water from the chips.

    Cyclone

    Chips from the deliberating machine are transferred to a conical chamber called cyclone

    using steam.

    Defibrator

    The Defibrator used in the plant is the aspluent Defibrator. The moisture content in the

    chips is removed by increasing the temperature and the cleaned chips are converted into fine

    powder. After grinding it with two grinding wheels of which one is kept stationary while theother is rotating.

    Pulp formation :

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    The power form of wood is converted into pulp by adding sufficient quantity of water

    and chemicals. The chemicals used are dilute sulphuric acid, paraffin wax and certain resin. The

    pulp is then pumped into board forming section.

    Board Forming Section

    There are three sets of machines that are used in the plant.

    I Press

    II Press

    III Press

    The first and second presses are under the electrical pneumatic control and the third is

    computerized. The percentage of pulp in the mixture is above 20 % and the rest 80% of water

    which is absorbed by suction box. It is then passed through

    the pulp roller press where boards having thickness 2.5 mm to 6mm are obtained which are

    called wet laps. The wet laps are then places over the sieve net and transferred to the press. After

    pressing for the required time, the board is taken out and is transferred to the edging and

    trimming section. The cleaning of net is performed by a washer which uses a water jet of

    pressure 300 Kg/cm3. The intake of wet lap feeding in to the press and then transferring it to the

    edging section is automatically performed by the belt conveyor. Main difference between

    Plywood and Hardboard is that resin is not coated in hardboard as in the case of Plywood

    FURNITURE

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    Furniture is another product which is produced in WIP. The furniture is used by using

    decorative woods like Teak, Mahagony, and Rosewood etc. The veneers are molded in various

    shapes to make different types of furniture. All the furniture are long-lasting and are with best

    quality. Along with this, the wastes of decorative veneers are used to make various handicrafts

    products. Inlay board is an example .

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    PURCHASE DEPARTMEN T

    The Western India Plywood Ltd., has well-developed and efficient purchase department,

    which deals with the purchasing of raw materials. Company usually makes three kinds of

    purchasing:

    Local Purchase.

    Direct Purchase.

    Purchase through Bank.

    Company has broadly classified its purchase department into Timber purchase department

    and all other purchase departments. Other department does the buying of all other items other

    than wood i.e. timber. It is involved in purchasing of consumer product, spares, oils, acids,

    chemicals and other ancillary raw material used for manufacturing its products.

    Timber purchasing department deals only with the purchase of Timber. Timbers are

    purchased through bank or direct purchasing. An intend will be received from the stores

    department about the item to be purchased. The production manager should sign it. An enquiry

    will be made and following that the quotation will receive. Suitable quotations will be selected

    and it will be sent to the production department mentioning the criteria of selection. After

    receiving the quotation the purchase department will make order with specified conditions. If the

    goods are sending through bank, intimation will receive from the bank that the goods are ready

    for delivery. The money is paid as per the terms and conditions and the goods are delivered. In

    the case of direct purchasing money is directly paid to the supplier and the goods are received.

    PURCHASE PROCEDURE

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    Invites for quotation from various parties.

    From the quotation the actual buyers will be identified based on price and quality.

    Order for the goods.

    Goods will be sent to the nearest parcel offices from there the customer company will

    collect the consignment.

    Documentation through bank or direct supplier. Some time advance payment is also

    undertaken.

    Emergency purchases can be authorized by MD/ED by passing the above step.

    STRUCTURE OF THE DEPATRMENT

    MARKETTING DEPARTMENT

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    Assistants

    Purchase Executive

    GM(Administration)

    Managing director

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    Marketing is the art of selling products. It is also defined as societal process by which

    individual and groups obtain what they need and want through creating, offering and freely

    exchanging products and services of value with others.

    Due to the high standard of quality maintained by the quality control department of this

    company, the product of the company have found ready acceptance in markets both in India and

    abroad. The company has succeeded in arranging manufacturing programs on the basis if firm

    orders, which in regularly for all types of products. The plywood manufactured by the company

    is being regularly used for manufactures of T.V cabinets, bus bodies, building constructions,

    railways, furniture industry etc. The hardboard is used for partition walls, false ceiling, furniture

    industry etc. The densified wood is being supplied to the electrical industries in various forms

    and also to the textile and chemical industries in the form of filter plates and as checkered boards

    for flooring in buses and railway coaches. The DAP and FRP compounds are being used by the

    electronic and molding industries. The furniture manufactured by the company is being absorbed

    the market in drawing rooms, bedrooms, schools, office etc. The products of the company are

    being exported West Germany, France, U.S.A Sweden, West Asia and South Asian countries

    regularly.

    MARKET SEGMENTAT TION

    WESTERN INDIA PLYWOOD is well-established organization manufacturing high

    quality goods. Company believes in quality. In order to ensure the quality each batch of the

    products will undergo quality tests. Company has an efficient marketing strategy. The prices of

    WIPs products are comparatively high, but of high quality. The company is targeted at the high

    income as well as at the low-level income groups WIP is marketing more than 300 products.

    Products are segmented as;

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    1. Domestic

    2. Institutional

    3. Automotive

    4. Export

    Brand and quality are the main marketing strategy followed by WIP.

    The WIP has a unique product range that cannot be duplicated.

    The WIP has gained 70% market share on Hardboard itself. WIP is the price leaders in

    hardboard marketing.

    Almost all Car Manufacturers like TATA, Ford, Toyota, Hyundai and Maruthi are the customers

    of WIP. Automotive segmentation is followed by WIP towards this

    car manufactures. The main sales promotion followed by WIP is direct contact by Architects,

    Builders etc. The WIP also issue national magazines as promotion tools. Marketing segmentation

    adopted by WIP is niche is DAP manufacturing WIP has got marketing leadership in the World

    after Japan and America.

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    STRUCTURE OF THE DEPARTMENT

    SALES DEPARTMENT

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    Managing Director

    Marketing manager

    Marketing co-ordinator

    Business manager

    Marketing officer

    Executives

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    WIP market their products through agencies and depots. They use sales representative

    also. Their main promotion method is direct contact by Sales representatives to canvass govt.

    and railway. Enquiries are made through tenders. The main tool used to catch the government

    orders is by the lowest quotation.

    The main advantage received from the govt. is 95% ready cash payment. Generally the

    WIP gives 15 to 20 days are credit for parties. Even though timber world is facing crisis, the

    WIP is able to with stand by marketing variety of products like plywood items (Fire Resistant,

    Marine Wood, Densified Wood, DAP, Hardboard, Furniture)

    The main sales promotion method used by WIP is direct contact. The WIP has many

    dealers throughout India. WIP also conduct exhibitions and issue international magazines. The

    WIP outstand for their quality. This quality of product is maintained by laboratory testing.

    Every batch of product will go to testing for identifying glue failure and other defects.

    Even though the timber world is facing scarcity, the WIP withstand with decorative board

    wood. The WIP has achieved ISI certification for their products. The regular customers of WIP

    are India Railway, Toyota, Hyundai, Fibre Drum Manufacturers, Shoe heals, Jolly board is the

    only competitor of the WIP in Hardboard. So Hardboard manufacturing is mainly profitable as

    far as WIP is concerned.

    CENTRAL EXCISE DEPARTMENT

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    Central excise is a tax levied by the central govt. on the manufacture or production of any

    product. Excise duty is due at the time of production and is paid at the time of clearance. Before

    central excise duty can be imposed on any article it must satisfy to the basic conditions:

    1. The articles should be goods

    2. It should have come into existence as a result of manufacture

    The rate of duty of tariff value in relation to any excisable goods shall be the rate of tariffs

    in force on that date when such goods are removed from the factory. For the manufacture of any

    product the company should attain a Registration Certificate, for which an application is given

    declaring what is to be manufactured. Based on this application the Registration Certificate is

    issued, which is equivalent to license. After receiving this certificate the company starts

    manufacturing.

    Payments are made according to the classification of goods. WIPs product comes under

    Chapter 44 i.e. wood and article of wood. According to chapter 44.08 excise duty charged on

    plywood is 16%.No duty is charged for export as a result of a relaxation provided by them for

    the promotion. The payment of duty is on fortnightly basis by 20 th day for the fortnight and by

    fifth day of succeeding

    month for the 2nd fortnight except for the month of March. In order to avoid double

    taxation CENVAT (Central Excise Value Added Tax) credit is used.

    RESEARCH AND DEVELOPMENT DEPARTMENT

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    The WIP has an in-house R&D Department approved by the Department of Science and

    Technology and Council of Scientific and Industrial Research. (CSIR) It has the required

    analytical, conditioning and testing facilities for product or process evaluation, rigid quality

    control and new technology analysis. The testing equipment available consists of the standard

    machines for conducting physical, mechanical and electrical test of all kinds. They include a

    weather-o-meter in which the extreme weather conditions of the world can be simulated in an

    accelerated manner in order to arrive at quick inferences. Sophisticated analytical equipments

    like the Spectro-Photometer, Gas Chromatograph, Kari Fischer, Titration equipment, Torque

    Remoter, and Permeable gel. Chromatograph is available in the testing lab of WIPs R&D

    division for accurate analysis of raw material and finished products. The products developed and

    modified by the R & D division include DAP (DiAllyl Phthalate) moudling powder and fiber

    glass reinforced plastic, sheet moulding compound (SMC) which find use in the manufacture of

    the sophisticated products required in highly specialized electrical and electronic applications.

    SMC can also be overlaid on Plywood and Hardboard. The manufacture of DAP molding has

    been achieved for the first time in South East Asia in the WIP. This has put India on the road to

    self-reliance in the material of strategic importance.

    WIP had conducted conversion of non-durable species of timber like Cheru, Bunati etc.

    into stable and durable wood polymer composites by radiation with gamma rays with the active

    assistance of Bhaba Atomic Research Center, Trombay. It is one of the greatest achievements

    of WIPs R&D Department. But recently it is not followed by WIP. WIPs R&D Scientists have

    developed weather proof, marine and fire retardant, grades of Hardboard.

    Material Testing lab

    WIP possesses a full-fledged material testing lab which is monitored by its government

    recognized R&D division. The lab is equipped to perform various physical mechanical and

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    WESTERN INDIA PLYWOODS LTDelectrical test specified in the IS specification. Every day random samples drawn from panels

    produced in WIPs plants are tested for conformance to the relevant IS specifications

    The integrity and quality of WIPs testing division can be gauged by the fact that

    representative samples drawn from material to be supplied to the Indian Railways, Defense and

    other government organizations are tested its own material testing lab under the supervision of

    officials deputed by the respective Inspection Agencies..

    EXPORT / IMPORT DEPARTMENT

    Purpose

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    To popularize the products to the international level. Export carries out as per the export

    policy of govt. of India and responsibilities lies on the hands of the Import / Export Executive.

    Procedure

    Quotations are sending along with the product details. In some cases samples are sent.

    Once the price is approved of, the customer opens the letter of credit that contains details

    regarding value, quantity, destination of supply, specification, etc once the order is confirmed

    and placed; the product is not sent to the production department and production requirements.

    Once the cargo is ready, it is taken to the nearest port for shipment.

    In Western India Plywoods there is an arrangement called house stuffing where in the

    factory brings the container from the port to the companies work. The clearing agents carry out

    all the customer formalities in order to get the clearance. This includes getting back AR4 from

    the customs after the shipment for submission to the central excise. Once the shipment is effected

    and the bill of loading is obtained the document for the buyers are negotiated through the WIPs

    bank. Once the cargo reaches the destination the customers retrieve the original documents from

    their banks. The payment is then made accordingly.

    Records maintained

    Filing system; separate file is opened against each enquiry. All correspondence and

    relative shipping documents are filed separately for ready as well as future reference.

    Register that contains details regarding all exports affected is also maintained.

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    STRUCTURE OF THE DEPARTMENT

    FINANCE DEPARTMENT

    The Finance Department is the heart of any company. The general Manager of finance

    heads this Department. The responsibility for maintaining the accounts and exercising

    financial control is vested with the Finance Manager. The finance department has direct

    interaction with all other departments since all the payments and collections are maid through

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    IMPORTEXECUTIVE

    GENERAL MANAGER

    EXPORTEXECUTIVE

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    WESTERN INDIA PLYWOODS LTDhere. This Department follows a written form of communication. All Department payments

    and receipts are finally reported to the Finance Department.

    WIP follow double accounting system and also maintain four types of journals. They are;

    1. Cash payment book (CPB)

    2. Bank payment book (BPB)

    3. Cash receipt book (CRB)

    4. Bank receipt book (BRB)

    For these four types of journals, a sub ledger is prepared. This sub ledger is classified into

    three;

    a. Accounts Receivable Books (ARB)

    b. Accounts Payable Book (APB)

    c. Personal Ledger (PL)

    At the end of every month the sum total of the sub ledgers are transferred to the main ledgers.

    Then there should have the equality in the amount of the sub ledger

    and main ledger.The next accounting procedure is preparing the trial balance. At the end of

    every financial year, profit and loss account and Balance Sheet is prepares, from which financial

    position of WIP is noticed

    Sources of Fund

    The main sources of funds are;

    Internal sources:-

    The main internal sources of fund of WIP are income generated from sales.

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    WESTERN INDIA PLYWOODS LTDReserves are the sources of fund other than income from sales. Current losses are adjusted by

    these reserves.

    External Sources:-

    The main external source of fund is term loan form bank and financial institutions like

    SBI, Canara Bank, Punjab National Bank, IFCI etc.

    Share Capital.

    WIP is a widely held Public Limited Company. Recently company issue authorized

    shares 13, 00, 00,000 from which 8, 48, 00,000 are subscribed capital. Company also adopt right

    issues (during crisis premium is given to shares), bonus shares (when company is

    undercapitalized) Company issues preference shares to ICICI, HDFC like financial institutions.

    These preference shares are redeemed. Equity share capital is major source of finance followed

    by the Company. Previous year 24% dividend was given to the share holders. But now the

    company is unable to pay dividend to the share holders because of the lack of operating profit.

    Bankers

    The WIP has mainly 7 banks.

    SBT State Bank of TRAVANCORE

    UBI (Urban Bank Of India)

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    WESTERN INDIA PLYWOODS LTD

    IB (Indian Bank)

    SYB (Syndicate Bank)

    SBI (State Bank of India)

    CB (Canara Bank)

    IOB (Indian Overseas Bank

    STURCTURE OF THE DEPARTMENT

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    Managing Director

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    BALANCE SHEET AS ON 31ST MARCH 2008

    (Rupees in Thousands)

    ScheduleNo.

    31/03/08 30/09/07

    I Sources of Fund1. Share holders fund

    a. Capital 1 223200 223200b. Reserves & Surplus 2 121790 84488

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    Company secretary

    Chief Accounts Officer

    Finance Manager

    Cashier

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    2. Loan funds

    a. Secured Loans 3 469786 480645

    b. Unsecured Loans 4 18256 19635

    Total 850031 807968

    II Application of funds

    1. Fixed assets

    a. Gross block 5 1193164 1183150

    b. Less depreciation 778083 732396

    c. Net block 415081 450754

    d. Capital Work.

    2. Investment 6 5632 5632

    3. Current Assets 7a. Inventories 417870 424145

    b. Sundry debtors 112722 97695

    c. Cash & Bank 47558 29902

    Balance

    d. Loans and advance 47589 42515

    ALess current liabilities & 8 625739 594257

    Provisions

    a. Current liabilities 625739 594257

    b. Provisions 51316 59508

    B 196421 246131

    Net current assets (A-B) 429318 348126

    Total 850031 807968

    TOTAL QUALITY MANAGEMENT ( T.Q.M )

    WIP Ltd. has separate department for total quality management and is well known for its

    quality throughout the world it has recognition of ISO 9001-2000 for one of best and

    standardized production system in the world. ISO provides a lot of standard for the quality

    assurance.

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    WIP has both internal and external auditing system. Internal auditing is done every six

    month by the concerned department head. External auditing is conducted mainly by the external

    certifying body. They received all the procedure and document which includes.

    Quality manual

    Work instruction

    The requirement satisfied by the WIP in order to get ISO certification is the following.

    Quality manual

    Control quality

    Resource management

    Product realization

    Measurement analysis and improvement

    In order to assure the quality sec. technique like control chart are used

    and the mainly used chart employed by the WIP Ltd. are X chart and

    R Chart. The plan capacity utilization. Plant stoppage analysis break down

    analysis are done using bar chart

    The main reasons for plant stoppage are

    Mechanical break down

    Electrical break down

    Blockage of Pulp

    Blockage of chip

    Shortage of fuel

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    Shortage of timber

    The non conformance of both process and product are Analyzed by the mean of the cause

    and effect diagram and the corresponding corrective /preventive action are taken

    Quality Policy

    To manufacture product as per national or international standards. We made them

    available as per the customer requirement.

    WIP endeavor to upgrade the quality of its product related service on a continuous basis

    through regular improvement efforts.

    A will defined quality management system has been implemented. This system is

    continuously reviewed to enhance its effectiveness and update to meet the changing need.

    Quality objective

    Suitable equipment and machinery for process control at all stage.Provision of adequate

    resource including raw material & personnel to ensure consistent product quality will define

    process and product characteristics to enable monitoring analysis and continual improvement.

    Communication of requirement of product including customer requirement statutory, regulatory

    requirement aspect of quality management system includes policy and objectives among all

    employees.

    ISO certification

    The main objective of International organization for of standardization is to produce and

    published international standards.

    The WIP Ltd is an ISO certified company the ISO 1994 certification was awarded to the

    company. In 1996 for the quality management system of the hard board and Wiplac prefinished

    board has been re certified. In May 1999 for another three years and the company has also

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    WESTERN INDIA PLYWOODS LTDreceived the same certification for its plywood, classified wood, flush loan and block boards.

    The next recertification of

    ISO-9001-2000 was done by M/s. Bureau Vertias quality International (BVQI) and the

    certificate of manufacturing and sale of hard board, WIPLAC, prefinished board, plywood, block

    board flush door, and densified wood product was issued for a period of three year 25.05.2002.

    The following is the structure of the T.Q.M.

    An ISO certification body or council;

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    I .S.O

    MANAGING DIRECTOR

    ManagementRepresentative

    Quality Engineer

    Trainee

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    SWOT ANALYSIS

    SWOT stands for Strength, Weakness, Opportunities and Threats. Strengths and

    Weakness are the internal factors of the company where as Opportunities and Threats are

    external factors. SWOT Analysis is the tool for auditing an organization and its environment. It

    is the first stage as planning and helps marketers to focus on key issues have been identified, they

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    ORGANISATIONS

    CERTIFYING BODY

    ACCREDITATION CONCIL

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    WESTERN INDIA PLYWOODS LTDfeed into marketing objectives. It can be used in conjunction with other tools as audit and

    analysis.

    STRENGTH

    The company has been maintaining a high quality for its products and as its products are

    well accepted in the market by quality conscious customers, it does not anticipate any

    marketing problem. They are considered to be the The Leaders in Quality Since

    1945.

    The company has a well established R&D unit, one of the best kinds in the wood based

    industry.

    The company is duly equipped to develop new products to meet the requirements of the

    market.

    The products of WIP are certified by ISO.

    WEAKNESS

    There is an acute shortage of good raw materials which has forced the company to

    import a substantial portion of its main raw material viz. timber, which has also seen a

    considerable increase in price.

    Lack of good distribution network as compared to the competitors.

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    Promotion of competitors is better to that of WIP. The Company concentrates only on

    Industrial Market.

    The price of WIPs products is high as compared to its competitors.

    OPPORTUNITIES

    The company is a leading supplier to Railways, Defense, Automobile, Electrical,

    Transport, Civil Aviation and other industries.

    Several products have been developed for the specific requirements of the Automobile,

    Transport and communication sectors such as Densified wood etc. and these products

    which have technological advantages over competitive products.

    The Company diversified from the production of chest and commercial plywood to

    manufacture Decorative Plywood, Block Boards, Shuttering Plywood and Aircraft

    plywood.

    The products of the Company are being exported to Germany, France, U.S.A, Sweden,

    West Asia and South Asian countries.

    THREATS

    The high power tariff and increasing cost of furnace oil and other petroleum products and

    chemicals.

    There are many medium scale and small scale plywood industries. They fix low price for

    their products.

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    In some product ranges, imported items are available at lower cost than is currently

    produced in India.

    In general, the working of the company has been adversely affected by the effects of

    Globalization.

    FINDINGS

    Because of the increasing demand, now the company has changed their distribution

    system in order to reach more parts of the state.

    Due to the high standard of quality maintained by the company, its production costs are

    relatively high so that company facing a serious problem and wants to reduce the price.

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    The companys various operations on raw material performed in sequence and the

    machines are placed along the product flow line. Because of this, the companys products

    get completed in lesser time and also have a smooth and continuous work flow.

    The company gets 25% of the profit from the exporting.

    Company concentrate all over the market.

    Still the company is not computerized fully.

    The company maintaining 0 % wastage.

    Promotional expense is very less.

    WIP focus on quality

    SUGGESTIONS

    It is desirable to launch an advertising campaign to attract more customers

    It is advisable to maintain and efficient market intelligence system and

    advice mgt of the changing needs of the market.

    The company may introduce more measures such as fencing of machineries,

    which will protect the workers from accidents.

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    WESTERN INDIA PLYWOODS LTD

    The company may prepare budgets for each activity which will provide it a

    better control and coordination mechanism. This will aid in reduction of

    production costs.

    The company can save time and cost through the computerization.

    The company have to follow more safety measures because there is a risk of

    fire in the factory layout.

    CONCLUSION

    Western India plywood ltd., the second largest wood processing industry in South EastAsia, as a bright future in this field. During the running period since 1945, the co. achieved

    various milestones. The high-end production technology of WIP is well acknowledged among

    the wood processing industries in India.

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    The WIP Ltd., achieved 100% utilization of raw materials due to its integrated production

    system. Therefore, it would be apt to call WIP Ltd., a company with a conscience . WIP Ltd.,

    stands for superior product performance and provides value for money to its customers. It is

    backed by WIPs commitment to harness the latest technology in wood processing industry and

    continuously upgrade its processes and machinery. Due to the high quality maintained, the

    company has found a ready market both India and abroad. The company does not aim at

    competing with the local manufactures but wants a main player in the plywood export.

    Now the company is producing more quantity is hardboards than plywood, because of the

    development of technology. Presently the company is operating in loss- the major cause being

    globalization. Another reason is the pricing policy of the company. The price level of the

    products is higher as compare that of other companies manufacturing similar products. The

    company should try to create brand awareness in the local market by advertising in medias and

    conducting exclusive exhibitions etc.

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    BIBLIOGRAPHY

    1. www.wipltd.com

    2. K. Aswathappa, production & operation mgt, 2007

    3. K Aswathappa, human resources and personnel management, 2007

    4. Khan and Jain, financial management5. Quality Management hand book- K K Anand

    ([email protected],09042101862)

    http://www.wipltd.com/http://www.wipltd.com/