Monte Carlo Project

7/31/2019 Monte Carlo Project

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PROJECT REPORT

ON

INDUSTRIAL TRAINING

OSWAL WOOLLEN MILL LTD (MONTE CARLO)

SUBMITTED TO

GURU NANAK DEV UNIVERSITY

AMRITSAR

(PUNJAB)

SUBMITTED BY

HIMANI

872358

BBK DAV COLLEGE FRO WOMEN

AMRITSAR

IN THE PARTIAL FULFILLMENT OF REQUIREMENT FOR THE DEGREE OF BACHELOR OF

DESIGN

APRIL 2011


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ACKNOWLEDGEMENT

This is a famous proverb, which I truly believe is that To faith in oneself and disciplined,

honest approach is always fruitful. Determination, contentment and focused mind helps

a man achieve new heights.

Its a privilege for me to express my thanks to my guides Ms. Rajneet Kaur and Mr.

Anil Pandey (merchandising department) for their meticulous and competent

guidance and keen interest in making me understand the intricacies of the working of a

brand from outsourcing to retailing.

Above all this, I bow my head and thank almighty God for the blessings and fruitful

showers on me because I truly believe that no work succeed unless blessed by god.

I am grateful to god for giving such great parents and friends who are always by my side

in time of need. I pray to god that I may keeping on working hard and fulfill all my

dreams.

Himani


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PROJECT INTRODUCTION

This project is related to the roles and responsibilities of merchandiser of company. Roles and

responsibilities play a vital role in every industry. Merchandiser is one who takes care of production

its his duty to make the delivery on time. Merchandising calendar is the calendar which includes the

whole information from the starting date to end date of production. The roles and responsibilities of

merchandiser is like buying the raw material, making the garment, finishing the garment, accessory

arrangement, final costing of the garment, finally dispatches on the given time period by the buyer.

The industry which I is chose for my training is Nahar Spinning Mills Ltd (Monte Carlo).

Importance

To study about the role and responsibilities of merchandiser in industry.

To study the system for product development.

To gain the knowledge about the activities, operation time taken by each activity so that we can

develop merchandising calendar


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Company Profile

Owner of Company - Sh. Jawahar Lal OswalName of Company - Nahar Spinning Mills Ltd (Monte carlo)

Address - Oswall Woollen Mills Ltd

Unit no.- 6

Industrial area - A

Ludhiana (Punjab)

Year Of Establishment - 1984

Turn Over - 140 corers

Brands - Monte Carlo, Canterbury

Retail Outlets - 900 and 125 exclusive Monte Carlo stores

across India

Outsourcing/ buying - 15-20 lac pieces per season

About NAHAR Group of Companies


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From 1949 when small hosiery factory was incorporated into a public limited company, to the present

day, constant upward growth has symbolized the charter of a company called oswal woollen mills

limited.

Oswal woollen mills,established in 1949 surges ahead to establish it self as a reputed industria

conglomerate with a wide ranging portfolio from wool combing,spinning,knitting,fabric,hosiery

garments etc.

From starting out with 800 spindles to 25000 spindles today, from simple hosiery items to high value

added items like designer knitwear (monte carlo & canturbury).all these are no mean

achievements, and what made them possible in so short a time is nothing but a miracle that combined

brilliant market insight with diversification.

As the company progressively increased spindlage to 2000 in the year 1960, it had already

established a market for itself in the areas of hosiery knitwear & textile fabrics like blankets and

shawls etc.

Very soon, it became the first indian exporter of woolen garments to russia and shortly after in 1972

the company set up its owm wool combing unit the first of several backward integration measures

Soon began the in house processing for the woollen division.

With increasing capacity & demand for its products, oswal woollen mills limited soon became a name

to reckon with, both in the domestic & international markets. Research & development also received

focused attention & today the company boasts of north indias most sophisticated laboratory


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approved by the international wool secretariat (is) & is even authorized to act as a quality checking

center for other manufacturers.

For the domestic market the company launched Monte carlo, the first truly international range of

designer knitwear followed by another prestigious brand Canterbury.

Later on an ultra modern lambs wool & angora spinning plant has been set up, of which more than

50% manufacturer is for captive consumption. The balance meets the requirements of other hosiery

knitwear exporters in india. This in turn means immense saving in foreign exchange for India. Further

a modernization cum balancing program has been introduced to upgrade its capacity fo

manufacturing garments & fabrics for various government & defense departments.

The group has spinning capacity of 0.55 millions cotton spindles25000 worsted spindles with turn

over of $550 million inclusive of export turnover of $175 million. The production facility have been

awarded iso 9001:2000/iso14002 certification & okotex certification.

The markets ofNahar group are cries crossed allover the globe. The objective is meeting the buyers

expectations with consistant quality backed by r& d divisions equipped with latest equipment, cream

of highly qualified technocrats and adhering to timely schedules.

Today oswal woollen mills ltd. Is a company that owes its strength in the market and solidity to

foresight of its chairman

Shjawahar lal oswal,the professional inputs of the board of directors and able team of highly

skilled managers oswal woollen mills ltd is the flagship company of over us$ 550 millions Nahar

group of companies.


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Oswal Woollen Mills ( Monte Carlo)

Oswal Woollen Mills Ltd. is the flagship company of the Rs.2500 Crore (US $520.80 Million) Nahar

Group. The Nahar Group is an industrial Conglomerate with a diversified portfolio that includes

spinning, knitting, and fabric processing, hosiery garments and knitwear. Oswal Woollen Mills Ltd is a

proud owner of widely loved super brand in knitwear Monte Carlo and Canterbury

The company boasts of product range that is truly large and varied. They include diverse types of

woollen, Acrylic and Synthetic blended yarns, Lambs Wool Yarn, Woollen Viscose & Acrylic Tops

Textile Fabric, Woollen Knitwear, hosiery and Cotton Garments

It is the only unit in India having capacity of 32000 spindles in one campus producing a vast variety of

yarn 23 ton/day equipped with 14 ton/day top dying and 15 ton/day yarn dyeing capacity. Owm has

recently become first domestic company in the country to receive the prestigious ISO 9001-2000

certification in the designing, knitwear, manufacturing and supplying category.


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Product Range

Their group is vertically integrated encompassing activities of yarn dyeing, fabric knitting, fabric

dyeing, finishing i.e. , compacting, , garmenting, garment washing, printing & embroidery with lates

state of the art machines. Nahar has capacity to produce 40,000pcs of garment perday.

Mens Cardigan Sweaters - The cardigan has long been a staple item of clothing in the wardrobe o

many a men and women.

Womens Cardigan Sweaters - The Womens Cardigan Sweaters has always been an integral item o

clothing in the wardrobe of many women.

Mens Formal/Fashion Shirts - Traditionally, the word fashion was only applied to the women only

Because men never used to put much attention on the clothes they..

Wholesale t shirts - A T-shirt is a type of garment that is generally casual in nature. It covers the

upper half of the body and comes in a variety of designs...

Mens & Womens Jackets - Deciding what to wear to the office or to a party can often be a

worrisome process. The best answer may just be a smart- looking..

Mens Track Suits- A tracksuit is an article of clothing consisting of two parts- trousers and a jacket

It was originally intended for use in sports
http://www.montecarlocollections.com/mens-cardigan-sweaters.phphttp://www.montecarlocollections.com/womens-cardigan-sweaters.phphttp://www.montecarlocollections.com/mens-formal-fashion-shirts.phphttp://www.montecarlocollections.com/wholesale-t-shirts.phphttp://www.montecarlocollections.com/mens-womens-jackets.phphttp://www.montecarlocollections.com/mens-track-suits.phphttp://www.montecarlocollections.com/mens-track-suits.phphttp://www.montecarlocollections.com/womens-cardigan-sweaters.phphttp://www.montecarlocollections.com/mens-formal-fashion-shirts.phphttp://www.montecarlocollections.com/wholesale-t-shirts.phphttp://www.montecarlocollections.com/mens-womens-jackets.phphttp://www.montecarlocollections.com/mens-track-suits.phphttp://www.montecarlocollections.com/mens-cardigan-sweaters.php


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Mens Pullovers - One of the passionate desires of every human is to look smart. Fashion is not only

prominent in today's times but it was always popular...

Mens Trouser Pants - This is the age of fashion and therefore everyone wants to look stylish. A lot is

talked about women's fashion and the changing fashion and style..

Monte Carlo Fashion - Fashion plays a major role in today's life as it involves kids, youth, elders

and old aged people. What is the latest fashion..

Monte Carlo - MonteCarlo is undoubtedly a brand name that needs no introduction. It has a wide

collection of Cardigans.

Track Suits - Mens Track Suits are a combination of trousers and jackets that are generally worn foran easy mood dressing.

Jackets India - At Monte Carlo, we make special attempts to maintain consistency in quality of our

Jackets and other winter wear.

Thermals - We lay special emphasis to instill the property of consistency in quality for all our

manufacturing practices and end products.

Wholesale Shirts - In our formal collection for men we have an exclusive range of Mens shirts &

trousers particularly formal shirts

Retail Outlets
http://www.montecarlocollections.com/mens-pullovers.phphttp://www.montecarlocollections.com/mens-trouser-pants.phphttp://www.montecarlocollections.com/monte-carlo-fashion.phphttp://www.montecarlocollections.com/monte-carlo.phphttp://www.montecarlocollections.com/track-suits.phphttp://www.montecarlocollections.com/jackets-india.phphttp://www.montecarlocollections.com/thermals.phphttp://www.montecarlocollections.com/wholesale-shirts.phphttp://www.montecarlocollections.com/mens-pullovers.phphttp://www.montecarlocollections.com/mens-trouser-pants.phphttp://www.montecarlocollections.com/monte-carlo-fashion.phphttp://www.montecarlocollections.com/monte-carlo.phphttp://www.montecarlocollections.com/track-suits.phphttp://www.montecarlocollections.com/jackets-india.phphttp://www.montecarlocollections.com/thermals.phphttp://www.montecarlocollections.com/wholesale-shirts.php


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s

The brand is well established across India. There are

Exclusive brand outlet (EBO)

Multi-band outlet (MBO)

Factory outlet

Organizational Structure


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The organizational structure of an organization consists of various heads, seniors and thei

subordinates, a flow of authority and decision making power among them. A glimpse on the

organizational structure of Nahar Spinning Mills Ltd.

ORGANISATIONAL STRUCTURE

CMD

EXECUTIVE DIRECTOR

VP-Marketing VP-Sourcing

Mktg.MANAGER GM-Sourcing Sr.Designer Q.A.Manager Despatch MGR

Mktg.TEAM Sr.Merchandiser Designer Q.A's Despatch Team

Merchandiser

Asst.Merchandiser

Merchandising Department


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Merchandising department is the star of the department among all the working departments in the

Export concern because merchandising is the only department having maximum control over the

departments and total responsible for profit and loss of the company.

Merchandising denotes all the planned activities to execute and dispatch the merchandise on time

taking into consideration of the 4Rs to replenish the customer.

Right quantity: to dispatch right quantity of product what buyer ordered.

Right quality: it should be with right quality as acceptable by both the parties.

Right cost: everybody wants more from what they are paid.

Right time: no one wants to wait idle even in a restaurant,. Keeping delivery schedule is

mandatory.

Responsibilities of a Retail Merchandiser


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During my training period in oswal woollen mills (unit-6), Monte Carlo, as a part of the merchandising

team, I understood following were the responsibilities of a retail merchandiser:

Market Research

RESEARCHFashion reasearchColour reasearchCollection reasearchInitial Fabric SelectionReview Previous SalesLine Plan MeetingOrder Fabric Sample cutsStyle development

SAMPLING

Spec Sheet/Technical

Drawings

Pre - CostFirst pattern/PrototypeFit Model SessionPattern revisionsFinal CostOrder fabric for samplesFinal adoptionInitial sales forecastCut and Sew samplesLine preview (Range)

PRODUCTION

& Line release (Start selling)DESPATCH Sales forceast adjustment

Order

finalisation/Purchase orderApprovalsBegin ShippingComplete ShippingSeason critique


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MANUFACTURING

SAMPLING

COSTING

ORDER CONFIRMATION

FABRIC/ACC. SOURCING


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PRE-PRODUCTION APPROVALS

CUTTING

STITCHING

CHECKING

PACKING

DESPATCH

BUYING

MARKET SURVEY

SELECTION

RAW MATERIAL ORDERING

DESIGN FINALISATION

PRICE FINALISATION

SALESMAN SAMPLE DEVELOPMENT

RANGE DEVELOPMENT

AGENT BOOKING

ORDER

ACC./TRIMS PLANNING


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Costing

Garment costing comprises of following factors:

1. Material cost2. Process cost

3. Extra process cost

4. Overheads

5. Value loss

6. Net profit

1. Material cost: Material cost includes cost of the fabric used in garment

construction, cost of accessories like buttons, threads, labels, poly bag, elastic, trims, etc.

2. Process cost: This includes CMT cost that is cutting, making and trimming cost.

Breakup of CMT:

cutting cost


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stitching

over lock

flat lock

commission pressing

kaj button

thread cutting

checking, finishing

3. Extra process cost: this includes cost of any extra design in the garment like

embroidery, patch work etc.

4. Overheads: overheads in any firm include some direst expenses and some

indirect expenses.

Direct expenses: those expenses which are capable of being allocated

directly to a particular product are called direct expenses. Some of such expenses are as

transport, labor cost, etc.

Indirect expenses: those expenses which are not capable of being

allocated directly to a particular product are called direct expenses. Some of such expenses

are electricity cost, diesel cost etc.

5. Value loss: In every firm, there is a certain amount of mark up percentage (3%-

5%) merchandisers keep in the costing in case of any loss or wastage in every step, from

material to the CMT.

6. Net profit: The percentage of the profit margin varies from company to company

and is applicable on the overall (standing) cost of the garment. Monte Carlo has a standard

profit margin of 15% on its garments.


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COSTING PRINTED TOPSTYLE NO.:- FABRIC C/VSTY. DISCRIPTION COUNT 30SP.O NO. G.S.M 160

QTY. IN PCS

PRINTIN

G ROTRYSIZE SHADE avg

PARTICULARS AVERAGE RATE AMT. matiereal

1 lable 0.00

FABRIC COST (INCLUDING

WASTAGE) 260.00 420.00 109.20 2

size

lable 0.00

2nd fab 1 15.00 15.00 3

wash

care 0.00

ACCESSORY COST 4.64 4.64 4 tag 0.00EMBROIDRY WITHOUT

PATCH WORK 0 0.00 5

other

lable 1 0.00

GARMENT WASH 0 0.00

PRINTING 0 0.00 6

other

lable 2 0.00PACKING MATERIAL COST 0.00 0.00 7 other 0.00


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lable 3

ELECTRICITY , DIESEL (o/h) 5.00 5.00 8 buttton 0.00CMT 22.66 22.66 9 zip 0.00PRIME COST 156.50 10 elastic 0.00MARGIN (15%) 27.62 11 poly bag 1.50

SELLING PRICE 184.11 12 cartoon 1.00

13

swing

thread 2.00

BRAKEUP OF CMT total 4.50CUTTING COST 1.5 with 3% 4.635STITCHING 10OVERLOCK 3FLAT LOCK 0COMMISION 0PRESSING 1

KAJ BUTTON 0STAIN REMOVING 0.5THREAD CUTTING 1CHECKING , FINISHING &

PACKING 5

TOTAL 22

VALUE LOSS 3% 0.66

G.TOTAL 22.66


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Documents

Monte Carlo Project