Permier Spinning

8/3/2019 Permier Spinning

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1. INTRODUCTION

About The Company

The Premier Group has an international reputation for quality built overthe past 60 years of innovation in the textile industry. Established in 1949,

Premier Mills is a member of the Premier Group and a manufacturer and

exporter of fine combed cotton yarn, producing over 18 million kilograms a

year. With export revenues of over USD 150 million, Premier Mills is a

dominant player in the global textile market today, utilizing cutting edge

technology, high-grade raw materials and stringent quality control to deliver

only the finest products to its customers. The company is headquartered in

Coimbatore, India with a dedicated workforce of over 5000 employees.

Premier Mills uses the finest raw cotton chosen from Egypt, USA and

India. Premier is also a Supima licensee and its products carry the Oeko-Tex

certification.

Company Profile

Emphasis on Technology

State of art equipment and technological sophistication feature high in

premier. The mill today has a wide range of latest generation machinery both

imported and indigenous viz, Unifloc, Uniclean, Vision Shield, Fibre I, Trumac

Scutcher, Trutzschler DK 740 Cards, DK 780 / 800 Cards, LC 300A Cards,

Rieter E 62/65 Combers, Lakshmi LK54 Comber, RSB D30 Auto leveler DrawFrames, LF Speed Frames, Ricter K 43/44 Compact Spinning frames (Com4),

Lakshmi ROCOS Compact Spinning Frames, LR6 Spinning Frames, LR60/A

ring frames, Murata 21C/ Schalfhorst 238/338/AC5/ Savio Orion/ Polar /Peass

Propeller Autoconers, Versa Soft Package Winders, Veejay TFO, Volkmann

TFO, Jeets Doubling, Rite/ SSM Singeing Machine and SSM PS6 Soft Package

Winder, Uster Quantum and Loopfo Electronic yarn clearers equipped with Q-


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pack for on-line fault classification and on-line data acquisition system for ring

spinning frames.

Also the Quality Assurance Laboratory is equipped with latestequipments like Uster Spinlab HVI, Uster Tenso Rapid 3, Premier Classidata,

Mill i , Statex Micro Processor based Twist tester, Premier iQ Qualicenter &

Premier aQura to ensure and have better control over the process and products.

To meet out the requirement thus ensuring consistent quality of power

always mill has obtained 110KV EIIT Supply.

Humidification Plants (Imported & Indigeneous) are having Automation

arrangement to achieve the set relative humidity.

Corporate Philosophy

Over the last 5 decades, Premier has set trends in quality. The company

manufacturers high quality cotton yarn (both single &ply yarn) from 20s to

200s English count which today has a ready acceptance in Indian and

International Markets, ahead of many other established competitive companies.

The company has always emphasized the need to produce high quality yarn

without compromising productivity.

Outstanding Export Performance

Premier Mills Pvt. Ltd (Premier Fine Yarns Private Limited) has beenrecognized as an export house by the government of India based on its

consistent record of growth in exports. Also premier was the recipient of the

following awards.

Winners of the Cotton textiles Export promotion council award for

outstanding yarn exports Bronze Trophy for 1988-89 and 1992-93.


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Recipient of the Government of India- Ministry of Commerce National

Export Award Trophy for outstanding performance for 1993-94.

Winners of the Cotton Textile Export Promotion Council Award for

outstanding yarn exports Silver Trophy for 1993-94 and 1994-95. Recipient of the Gold Trophy given as the special achievement Award

by the Cotton Textile Export Promotion Council for 1996-97 & 2005-

2006.

Recipient of Special Award from ICMF for Continuous Modernisation

for the year 2001-02.

Recipient of the Gold Trophy given as the Special Achievement Award

by the Cotton Textiles Exports Promotion Council for 2007-2008.

Recipient of Special Award from CITI-Birla for innovation by the

textile mills for the year of 2007-2008.

Recipient of Special Award from CITI-Birla for cost conversion by the

textile mills for the year of 2008-2009.

Customers World WidePremier Mills Pvt Ltd (Premier Fine Yarns Private Limited) Exports

yarn to various countries around the world, such as Argentina, Australia,

Austria, Belgium, France, Germany, Hongkong, Indonesia, Israel, Italy, Japan,

Mauritius, Malaysia, New Zealand, Portugal, Singapore, Spain, South Korea,

Sri Lanka, Sweden, Switzerland, Turkey, Tainwan, UAE, UK and USA.

The present turnover of this company at pulankinar is around 150 crores

and spindle capacity is around 1,20,000 spindles.

Future:

The company has ambitious plans for a marvelous growth in the future

to continue to be PREMIER in all facets of its activities.


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Quality Policy

Premier Mills Pvt Ltd is committed to timely delivery of a consistent

Quality product satisfaction of our customers.

The organization shall effectively implement and continuously improvethe effectiveness of implemented Quality Management System.


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2. MISSION AND VISION

At Premier, we never stop exploring ways to further the quality of our

products and providing excellent service to cater to the needs of our customers.

State-of-the-art machinery combined with efficient, eco-friendly manufacturingprocesses and unparalleled technical expertise is the key to our organization's

growth and success.

Objectives have been defined for individual departments considering the

following guidelines and addressed in respective department procedures.

To ensure Quality at every step in every process to attain defect-free

production.

To be customer oriented and supply products to the satisfaction of the

customer.

To take continuous effort to improve Quality and productivity through

technology upgradation to maintain market leadership and to fulfill

customer requirements.

To promote companywide quality awareness through continuoustraining and refresher programmes.

To achieve, maintain and improve internationally acceptable quality

levels in the product by personal involvement, team work and by

providing conductive environment.


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3. OBJECTIVES OF COMPANY

To establish and implement pragmatic recruitment policy and procedure

and revise in tune with time to ensure availability if adequate competent

man power as determined by IE norms.

To continuously improve technical knowledge and skill of personnel

through technical input, training and development for continual growth

of company and individuals and to impart training for 1200 man days

every year, i.e. January to December and to access its effectiveness.

To implement an effective evaluation of work performance and redesign

the same to suit emerging norms.

To develop participate culture involving employees at all levels in the

functional and organizational activities through various programmers

such as suggestion scheme, cost saving measures etc.

To ensure timely issue of cotton bales to mixing. To ensure that the stock of salable cotton waste do not exceed more than

two days production.

To ensure proper dispatch by organizing good condition of containers,

packing methods and stuffing.

Workers skill improvement towards Premier standard

Preparatory Training period from 90 days to 60 days.

Patrolling piecing in spinning from 3.5 meters per minute to 5.

Doffing rate in spinning per minute 95 to 120.

Suggestion received / 100WA from 17.5 to 25. No of Accident/ month from 12 to 10. Man days lost due to accident/month from 22.5 to 0. WA Drop out % from 2.29 to 2. Recruitment efficiency from 66 to 90. Leave & Absenteeism % from 8.35 to 8.


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4. ORGANIZATION CHART

Unit I Lead

Head Personnel & Administration

TrainingProduction

Officer

WelfareLabourWelfareOfficer

YarnSenior &

JuniorAssistants (2)

CottonSenior

Assistant(1)

EDPAsst

SafetyOfficer

Jr. PersonnelOfficer &Sr. Asst(2)

AssistantSupervisor

OfficeAssistant

Trainer - 2Pre Spinning

Trainer - 2Spinning

Trainer - 2Post Spinning

Trainer - 2Doubling shed

Trainer - 2Twisting

Employees Employees Employees Employees Employees


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5. AWARDS & CERTIFICATIONS

At Premier, we continually strive to be pioneers in the fields of

technology, management and market development. This dedication to

excellence, modernization and environmental awareness is reflected in the

various awards and certifications that have been conferred upon us by local and

international organizations.

AwardsOver the past twenty years, Premier has received numerous trophies and

accolades from the Government of India, The Confederation of Indian Textile

Industry, The Cotton Textiles Export Promotion Council of India and theSouthern India Mill's Association.

Year Award

'06 - '07 SIMA Award for Technical ExcellenceTexprocil Gold Trophy for Exports

'05 - '06 SIMA Award for Technical ExcellenceTexprocil Gold Trophy for Exports

'04 - '05 SIMA Award for Technical Excellence

'03 - '04 SIMA Award for Technical Excellence

'01 - '02 ICMF Award for Continous ModernizationCITI Award for Excellence for MaintenenceManagement in Textile Mills

'96 - '97 Texprocil Gold Trophy for Exports

'94 - '95 Texprocil Best Exporter Award

'93 - '94 Government of India, Outstanding Exporter AwardTexprocil Best Exporter Award


http://www.premiermills.com/achievements.htmlhttp://www.premiermills.com/achievements.html


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Certifications

There are a Supima licensee, producing yarn spun from the finest

American cotton.

All of our yarn comes from raw materials that are carefully monitored

and screened under very strict quality control procedures. As a result, all

our products carry the coveted Oeko-tex certification.

Our manufacturing plants are compliant with international standards and

are ISO 9001:2000 certified.


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6. MANUFACTURING PROCESS

Process Overview

In the cotton textiles industry, the main raw material in cotton which is

converted in to yarn. while cotton is the predominately important raw material,there are other fibers also which reused as raw material whether with or

without cotton. The details of the manufacturing process can be demonstrated

by the flow chart shown below:

Yarn Manufacturing

The fibers used in the textiles industry as raw material could be broadly

classified into:

1. natural fibers, and,

2. man made fibers.

The natural fibers could be grouped into

a. Vegetable cotton, jute, etc.

b. Animal (Silk and Wool), and,

c. Mineral (Gold, Silver Aluminum etc.)

Man-made fibers could be broadly categorized into:

i. Degenerated, and,

ii. Synthetic Fibers.


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Among the degenerated fibers, there protein fivers (cess in, alginate etc.) and

cellulosic fibers (viscose, poly nosic etc.) the category of the synthetic

man/made/fivers included polyester, polyamide and acrylic etc.

Cotton is the most widely used textiles fiber today. After the cotton cropis harvested the kapas has to be ginned in order to separate fiber from the seeds.

After ginning, the cotton is available in a loose opened form. For convenience

of handling and transposition, cotton is compressed and packed into bales. The

quality of cotton is judge in terms of its Grade and Staple. The grading of

cotton done with reference to impurities such as leaves, sand, dust, broken,

seeds naps, moles and colour of cotton. But the fiver properties of cotton are

judged mainly by the length of the fiber i.e. the Staple length. Quality of cotton

depends on its physical properties viz. length, fitness, strength and maturity by

etc.

Conversion of cotton to yarnThe conversion of cotton in to yam is done in the spinning deportment

of textiles mill. The spinning department consists of several departments viz.

blow room, card room, drawing frames, speed frames and ring, frame for the

propose of manufacturing better quality finer counts of yam, an optional

process viz. combing process is also undertaken.


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7. DEPARTMENTS

The following are the departments available at Primer Mills Private Limited .

1. Engineering

2. Administration

3. Blow room

4. Carding

5. Simplex

6. Preparatory

7. Spinning

8.

Winding9. Twisting

10. Gasing

Blow RoomA blow room line consists of opening, cleaning, mixing and lap making,

machine. The cotton is received in the mill in a hard pre bales from which

contains several impurities.

The blow room machinery performs function of opening hard pressed

bales of cotton and cleaning the cotton of impurities. Trash and foreign matter

is to be extracted from the cotton with the least amount of lint loss. The amount

of waste extracted would depend on the amount of trash in the mixing.

Another important function that is performed by the blow room

equipment is "Mixing". Two or more different varieties of cotton me general

mixed thoroughly to get a proper blend. In order to produce uniform quality of

yarn and also to reduce the cotton cost of yarn while achieving the desired level

quality, the mixing, of two or more types of cotton is carried out in the blow

room. The loose cotton passed through the blow room machinery is converted

into regular sheets called laps. These laps are delivered lo the next department


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viz. carding room, alternately auto feed system in blow room to feed the

carding machines the process of lap formation is avoided.

CardingThe material received from Blow Room are processed on the Carding

Engines for the purpose of effecting individualization of fivers, extracting sand,

leaf etc. left in the cotton and converting the laps in the form of thin web called

slivers. The slivers are stored in -cans.

Waste loss arising at the Carding machines has to be kept under control.

Waste more than the predetermined quantum would lead the poor cleaning atthe Cards, Poor cleaning results not only into more peps but also adversely

affects the quality and performance of Yarn.

Winding & ReelingThe yarn manufactured on the ring frames could be further processed

depending on the required use of the spun yam. It may be would or cones as

warn or weft or for sale. When the yarn is to be sold in hand from, it may be

reeled, bundled and packed. In case the yam is to be processed in loosed yarn

form. It may be reeled hanks may be used for further process such as Bleaching

and Dyeing.

Ring Frames

The last stage in the manufacture of yarn is spinning. In order to convert

the roving into the required counts main operation which are simultaneously

carried out off the ring frame are twisting and winding.

The roving received from the fly frame department is still much thicker

than the thickness final yarn required. Therefore the first process on the ring

frame is drafting. Ring frame drafting system commonly used are A-500, A-

600, GX-2, SKF-PK-211 and UT 3E etc.


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The other operation which are done in the ring frames are twisting and

winding.

The amount of twist inserted here is larger than at any other previous

stage on order to strengthen for the end use required. The twisted yarn inwound on bobbins.

Effluent and their Disposal

Spinning is non-polluting Industry. No industrial toxic effluent will be

generated in the manufacturing process. Only domestic effluent in the nature of

human waste will be there. The same will be disposed off through the sewerage

system of the industrial area will be used for the green area development of the

Factory


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ADMINISTRATIVE DEPARTMENT

DesignationManaging

Director

Powers Administrative 1.

Shall be in charge of the executiveadministration of the mills.

2. Shall have power to sign all

correspondence on behalf of mills.

3. Shall appoint members of the staff in

accordance with the subsidiary

regulations governing the service

conditions of the employees, subject to

the budget allotment and strength of staff

in each category approved by the

Registrar.

4. Shall have power to initiate and decide

on disciplinary proceedings against staff,

following the established procedure

governing such proceedings.

5. Shall have power to fix up the duties and

responsibilities of staff of the mills.

6. Shall have power to exercise control and

supervision over the staff of the mills.


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Financial 1. Shall have power to sign, endorse and

negotiate cheques and other negotiable

instruments, for and on behalf of the

mills.2. Shall have power to sign all deposits

and receipts for the Deposits received by

the mills.

3. Shall have power to operate any

account(s) of the mills with the any

bank(s)

4. Shall have power to sanction various

kinds of loans and advances to the

employees of the mills, subject to the

norms and ceilings specified in the

subsidiary regulations framed for the

purpose.

5. Shall have power to incur such

expenditure as may be necessary for

the management of the mills.

6. Shall be the ex-officio treasurer of

the mills and shall have custody of all

the properties of the mills.

Others 1. Shall be the officer to sue or to be

sued on behalf of the mills

2. Shall have power to authorize any

staff of the mills to receive all

amounts for and on behalf of the

mills, issue receipt and have custody

of cash balance of the mills.

3.

Shall have power to delegate all or any of


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his powers to any other officers or staff

of the mills to facilitate quick disposal of

work and in the interest of the mills

Duties 1. To conduct the business of the mills

and to implement the policies &

programmes laid down by the

committee.

2. Shall be responsible for the day-to-

day administration of the mills and

shall be in charge of the executive

administration of the Mills.

3. To supervise and direct the day-to-

day business of the mills in

accordance with the policy laid

down by the committee.

4. Shall arrange to maintain proper and

accurate records and accounts of working of the mills.

5. Shall arrange to maintain true and

accurate accounts of all moneys

received & expenditure incurred

and all stock bought and sold and to

keep and maintain such registers,

ledgers and other books of accounts

and records as well as forms, correct

and up to date, as prescribed in the

rules.

6. Shall arrange to keep true account of

assets and liabilities of the mills.

7. Shall arrange for the periodical


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verification of stock and other assets

of the mills.

8. Shall arrange to prepare periodical

financial statements, annual reportsand budget for placing it before the

committee and the general body.

9. Shall arrange to recover the dues

from members payable to the mills.

10. Shall arrange to convene meeting of

the committee, general body as and

when found necessary.

11. Shall arrange to record proceedings

of the committee meeting in the

minute's book.

12. Shall place the audit memorandum,

inspection/inquiry report if any

before the committee for

consideration within one month

from the date of receipt of the same

and take appropriate action for

rectification of the defects point out

therein.

13. Shall arrange for the training of the

staff.


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DesignationGeneral

Manager

Powers Administrative 1. Overall in charge of office

Administration.2. Overall supervision and control of office

and staff.

3. Dealing all establishments and service

matters of staff.

4. Dealing the work allocation, transfer and

promotion of all

administrative/Technical/Mill operatives

of the mills.

5. Authorized for the issue of leave sanction

to the staff members.

Financial 1. Authorized for passing of all payment

vouchers before submitting to the

approval of M.D.2. Authorized to operate the bank accounts

jointly with the M.D of the Mills.

3. Authorized for signing all deposits and

receipts.

4. Authorized for the issue of increment

sanction orders to the staff

members/mill operatives.

5. Authorized for signing of all EPP/ESI

and other Insurance claims preferred by

Others Co-ordination with the M.D of the mills

on all matters connected with the

Administration of the mill.


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Duties 1. Responsible for all the general

correspondence with various

Government departments.

2. Arranging for the renewal of various runninglicenses.

3. Attending all establishment and service

matters in respect of Staff members/Mill

operatives.

4.Controlling personnel section on all

service and allied matters in respect of mill

operatives.

5. To ensure and maintain labour

relationship

6. Attending all matters pertaining to

Association/Unions.

7. Implementation of all labour welfare

measures.

8. Attending all correspondence

relating to EPP/ESIIother Insurance

claims.

9. Attending correspondence relating to

labour disputes.

10. Arranging for the conduct of

meetings of the committee and the

general body meeting of the mills.

11. Arranging for the conduct of various

awareness/training programmes to the

employees of the mills.

12. Issue of tender, notification for the

disposal of waste cotton, scraps etc.,


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DesignationChief

Accountant

Powers Administrative Coordinating with the managementon all matters connected with the

administration of the mills.

Financial 1. Overall charge of maintenance of all

accounts and financial matters

connected to the mills.

2. Authorized to operate the bank accounts

jointly with the M.D of the mills.

3. Authorized for recommending of all

payment vouchers before submitting to the

approval of M.D.

4. Authorized for signing of all deposits and

receipts.

5. Authorized for signing of EPF/ESI matters.

6. Authorized for recommending of the E.L.

encashment claims in respect of staff

members before submitting for the

Approval of M.D.

7. Authorized for signing of salary / wage bill

in respect of staff/mill operatives before

submitting for approval of M.D.

8. Authorized for recommending of overtime

payment to the employees of the mills

before submitting for the approval of M.D.

Others Co-ordination with the management in

implementation of various well fare

measures.


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Duties 1. Proper maintenance of accounts of

the mills and all financial matters

relating there to.

2. Correspondence with Central Excise,Income tax, Sale tax, and Textile

commissioner etc.,

3. Dealing all matters relating to

purchase of cotton/purchase of

cotton/purchase of stores and sale

of yam and co-ordination with the

management.

4. Arranging for the disposal of waste

cotton, scraps etc.,

5. Furnishing of statistics and

correspondence with all financial

institutions.

6. Proper maintenance of costing

information system.

7. Preparation of monthly/periodical

statements of accounts of the mills.

8. Preparation of financial statements.

9. Preparation of Production, financial,

cost, working capital Budgets etc,

10. Arranging for the conduct of Audits / stock verification.

11. All matters relating to cost, finance, AG

Audit etc.,

12.Insuring of mill properties and its

renewal, claim etc.,


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DesignationManager

(Works)

Powers Administrative Co-coordinating with the management on all

matters connected with the proper functioningof Factory.

Financial Recommending all the vouchers pertaining to

the maintenance of machineries and allied

works connected there with.

Others Co-ordination with the management on all

matters connected with the welfare activities in

the mills.

Duties 1. Shall be responsible for the overall

functioning, maintenance/supervision of

the mills.

2. Overall responsible for the proper

maintenance of machineries installed in

the Mills.3. Shall be responsible for the overall

supervision and control and allocation of

labour.

4. Shall be responsible for the

maintenance of safety systems in the

mills and ensuring work safety in the

mills.

5. Shall be responsible for the maintenance

of quality of the product.

6. Shall be responsible for the achievement

of targeted production in the mills. Shall

be over all responsible for the house

keeping in the mills.


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7. Shall be responsible for the settlement

of the labour related issues then and

there.


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POWERS AND DUTIES OF THE COMMITTEE

POWER OF THE BOARD OF DIRECTORS:

The board of Directors shall have powers to do all such things as are

necessary or conductive to the attainment of the objects of the Mills. In

particular, and without prejudice to the generality of the foregoing provision,

the Directors shall have the following powers, namely:-

1. To commence and carry on the business of the Mills and to keep in

audience such business for such time as they may deem fit

2. To pay for all the expenses incurred in organizing, registering and

establishing the Mills;

3. To purchase or otherwise acquire for the Mills any property, rights or

privileges; and to sell, mortgage, let, exchange, or otherwise dispose of

any part of the property, privileges or undertakings or the Mills upon

such terms and conditions as they may think fit;

4. To construct, erect, maintain or alter any buildings, installations of

machinery or other works necessary for the purpose of the Mills and to

improve, manage, develop or otherwise deal with all or any of the

property and rights of the Mills.

5. To open any account with any Banks and to make, draw, endorse, or

negotiate cheques, bills of exchange, drafts and other promissory notes

and negotiable instruments required for the business of the Mills.6. To prescribe the staff strength, the scale of pay and allowances for

various posts and to regulate their conditions of service;

7. To institute, conduct, defend, compound or abandon any legal

proceedings by or against the Mills or otherwise concerning the affairs

of the Mills.

8. To invest and deal with any moneys of the Mills;

9. To set apart sums required towards depreciation funds or other funds


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maintained by the Mills;

10. To execute all deeds, agreements, contracts, receipts and other

documents that may be necessary or expedient for the purpose of the

business of the Mills;11. To appoint agents, brokers etc., in the course of the business of the Mills

and pay them such remunerator or commission as the Directors may

think fit;

12. To make, vary of repeal regulations for the business of the Mills and the

conduct of its staff and workers consistent with the Act, the rules made

thereunder and these bylaws; Provided that any such regulations or their

modifications or repeal shall take effect only on approval by the

Registrar.

Delegation of Powers and Duties

The Board of Directors shall be competent to delegate from time to time

all or any of its powers and duties to the Chairman, the Vice-Chairman, the

Managing Director or any other Director, or any other officer of the Mills for

the efficient management of the business of the Mills, and may authorize any

such delegate as aforesaid to sub-delegate any of the powers or duties wasted in

him.

Committees

The Board of Directors shall have powers to constitute one or morecommittees consisting of one or more Directors of the Mills and to frame

regulations to regulate the work of any such committee.


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Duties of Board of Directors:

It shall be the duty of the Board of Directors,

To maintain or cause to be maintained-

1. Proper accounts, in the form prescribed by theRegistrar, of the assets and liabilities of the Mills, of the

sums of moneys received and expensed and of the

purchases and sales of goods by the Mills;

2. Such books and registers as may be prescribed under

the act or Rules made thereunder or these by-laws or by

the Registrar, to give a fair and true view of the affairs of

the Mills;

3. A list of members of the Mills who are qualified to vote at

the General Body Meeting to bring such lists up to date

thirty days prior to the date of each meeting of the

General Body and supply copies of the lists to such

members who desire to have them, on Payment of such

fees as may be prescribed by the Board in this behalf;

a) To prepare the Annual Budget, the Balance Sheet, and the profit and

Loss statement and to place them along with a Report on the

state of the Mills affairs before the General Body for approval;

b) To arrange to submit such periodical returns as may be prescribed by

the Registrar; and

c) To arrange for the annual audit of the accounts of the Mills and to

place the Audit Certificate before the General Body.


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SWOT Analysis

Strengths:

Indian Textile Industry is an Independent & Self-Reliant industry. Abundant Raw Material availability that helps industry to control costs

and reduces the lead-time across the operation.

Availability of Low Cost and Skilled Manpower provides competitive

advantage to industry.

Availability of large varieties of cotton fiber and has a fast growing

synthetic fiber industry.

India has great advantage in Spinning Sector and has a presence in all

process of operation and value chain.

India is one of the largest exporters of Yarn in international market and

contributes around 25% share of the global trade in Cotton Yarn.

The Apparel Industry is one of largest foreign revenue contributor and

holds 12% of the countrys total export.

Industry has large and diversified segments that provide wide variety of products.

Growing Economy and Potential Domestic and International Market.

Industry has Manufacturing Flexibility that helps to increase the

productivity.

Weaknesses:

Indian Textile Industry is highly Fragmented Industry.

Industry is highly dependent on Cotton.

Lower Productivity in various segments.

There is Declining in Mill Segment.

Lack of Technological Development that affect the productivity and

other activities in whole value chain.

Infrastructural Bottlenecks and Efficiency such as, Transaction Time atPorts and transportation Time.


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Unfavorable labor Laws.

Lack of Trade Membership, which restrict to tap other potential market.

Lacking to generate Economies of Scale.

Higher Indirect Taxes, Power and Interest Rates.

Opportunities:

Growth rate of Domestic Textile Industry is 6-8% per annum.

Large, Potential Domestic and International Market.

Product development and Diversification to cater global needs.

Elimination of Quota Restriction leads to greater Market Development.

Market is gradually shifting towards Branded Readymade Garment. Increased Disposable Income and Purchasing Power of Indian Customer

opens New Market Development.

Emerging Retail Industry and Malls provide huge opportunities for the

Apparel, Handicraft and other segments of the industry.

Greater Investment and FDI opportunities are available.

Threats:

Competition from other developing countries, especially China.

Continuous Quality Improvement is need of the hour as there are

different demand patterns all over the world.

Elimination of Quota system will lead to fluctuations in Export Demand.

Threat for Traditional Market for Powerloom and Handloom Products

and forcing them for product diversification.

eographical Disadvantages.

International labor and Environmental Laws.

To balance the demand and supply.

To make balance between price and quality.


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8. BIBLIOGRAPHY

Website referredhttp://www.premiermills.com


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9. CONCLUSION

The training programme like induction programme. The house training

and seminars have periodically offered to the employees that will createexcellent result on the individual development and also organization

development. The present study reveals the fact that Training is the ;ong term

investment on Human Resource and is also an effective tool improve the

productivity.

Documents

Permier Spinning