Professional Documents
Culture Documents
CHAPTER-I
INTRODUCTION
INTRODUCTION
The Lokanath weavers Industrial cop Society Ltd. is famous firm in Kerala from
its inception in 1955 for production of the superior quality handloom textiles both for
export and indigenous sales. In fact this society was a model society to register many
of the other industrial type of handloom weavers co operative society in different
parts of India. This reputed factory type handloom society situated in Kannur, the city
of looms and lores.
The society is working with all modern facility for dyeing, processing, testing,
weaving, stitching and packing according to the modern fashion trend. The society
was registered on 18-4-1955 with 88 members and 52 looms. At present 126 looms
with 155 members are engaged for its production process
The handloom industry is one of the largest segments in the unorganized
sector .It plays an important role in the countrys economy. It is the oldest cottage
industries in India diffused widely throughout the country .Handloom assumes
importance because it not only meet clothing needs of the people but also gives
expression to Indian art and culture, craftsmanship and heritage.
A study report based on the industrial visit as a part of the fulfillment of my
degree of Bachelor of Business Management course in order to relate the theoretical
studies with that of the practical knowledge from the company, I have done my
project study at Lokanath Weavers Ltd.
21 days was not enough to collect the entire data and to study all the
functions properly.
CHAPTER-II
ORGANISATION PROFILE
HANDLOOM SOCIETY
Handloom Society is an ancient industry in India. The features of the sector
very across the country. In some parts of Kerala, Tamilnadu, Assam and Orissa it has
attained the status of a nature Industry and in other parts, it is still and enterprise
confined to the needs of the household.
The last 100 years have seen the growth of mechanized textile production
internationally. In part due to competition handloom has lost much of its market and is
almost nonexistent in most countries. However handlooms are still a force to veckon
with in India and some other Asian countries such as
Thailand and Cambodia Today Indias textiles sector comprises four important
segments modern textile mills. Independents power looms, Handlooms, and garments.
Through there is a huge informal tailoring enterprises, it has not studies or considered
worthily or public attention leave alone policy. There are also such sectors like textile
machinery manufacturing and spinning sectors which form part of the textile sector.
Through of employs the largest number of people the handloom sector is
considered a sunset Industry and there is an air or inevitability given the relentless
march of mechanization and specialization still there are many advocates of handloom
for reason including ideology, philosophy and sheer love for handloom .
PRODUCTS AND ECONOMIC ARGUMENTS
The southern state of India has a rich tradition and population with high health
standards and 100% literacy. It has a prominent place in the tourism map of India.
Kerala known as Gods Own Country has seashore stretching to 500 km in the West
and highly rejoin and bad wakes on the other side. The boat races the outstanding
dance programmance. Kathakali martial arts and herbal treatment system called
Ayurvedic are the identities of this state.
For export of handloom products. Kerala mainly depending upon the products
from Cannanore. The main products are shirting furnishing Turkish Towels safe an
sheets crepe such export oriented and lungies, Earezha, Thorthu etc
for domestic
purpose. The products are coarser varieties Cannanore Mundu is a popular variety.
CHALLENGES FOR THE INDIAN HANDLOOM INDUSTRY
As noted earlier handloom weavers facing severe livelihood crisis because of
adverse govt policies.globalisation and changing socio-economic conditions. The
national and state government does have several schemes pertaining to producing
inputs, market support and development meant to safe guard the interest of the
weaving community in effective implementation of the scheme and the changed
context of textile industry increasing completion from the power loom and mill
sectors- have been largely responsible for the crisis in the handloom.
Lack of information to weavers regarding various policies and schemes is no
less a significant cause for the winding fortunes of the weaver community. Even
government departments and implementing.
The formal education system has not included teaching and imparting skills
for this profession into its fold. As result any inaction and changes has been let to the
weaving fails, in the recent decades due to lack of information and fast paced changes
practices in handloom sector become states and apparently redundant.
Presently government policies are increasingly by the globalization process
and are related to WTO induced trade regimes. As the controls on exports get
liberalized and domestic markets open up the textile scenario in the country is likely
to undergo drastic changes in terms of skills inputs like designs market tends and
changing demands there in the question is whether these changes include the interests
of weavers who are skill practicing their skills and knowledge honed over centuries.
In earlier planning process at the national level development handloom sector
was seen as emulation for rural development being on local resources level
craftsmanship and catering primarily for local markets. In the first decades following
Indias independence all national policies emphasized this however current thinking at
the apex policy level is that the handloom sector is a redundant profession and is a
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The Board shall appoint a fulltime paid secretary form among the suitable
person approved by the district industries office Kannur. The Secretary shall not to be
members of the Board the Board of Directors shall meet once a fortnight to conduct
the affair of the society. The president shall preside over the meeting of the Board. All
questions before the board of directors shall be decide by majority of votes.
workers
Skills upgrading training to weavers including women workers to make
international level
To diversity the existing products with improved design, pattern and textures
To do such other as may be conductive of the profit of the organization
To facilitate process of credit from financial institution
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In the simple sense a product can be defined as everything the purchase gets
in exchanges for his money
Lokanath weaving industry produces a variety of products of good quality
according to the difference of the customer the company manufacturing the same
quality of product foreign customers and also local customer
1. Bed sheet
2. Mat
3. Towel
4. Cushion Cover
5. Pillow Cover and Table Cover
6. Bag and Purse
7. Mundu and Lungi
8. Cuf rug
9. Napkins
10. Furnishing Fabrics
11. Other products
ORGANIZATIONAL STRUCTURE OF LCW LTD
The top level society vested with board of director. Who make the decisions
regarding the functioning of the organization? Secretary implements these decisions
into the society and who works under the board of directors under the secretary there
exist share keeping and cutting and stitching department. Clerks finance auditor are
also works under the secretary store keeping department included separate packing
and storing department the any consist a total number of 3 clerks weaving master
control are weaving wading and warp opining section and dyeing master direct the
dyeing section.
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BOARDS OF DIRECTORS
SECRETARY
STORE KEEPING
CUTTING AND STTICHING CLERK
CLEARK 1
STORE KEEPING
TECHNICAL STAFF
FINANCE AUDITOR
CLEARK 2
CLEARK 3
STORE KEEPING
WEAVING MASTER
DYEING
DYEING MASTER
WEAVING
WINDING
WARPING
WARP JOINING
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Secretary
2 clerk
2 store keepers
45 Weavers
10 Winders
2 work joiners
2 Employees in work sections
5 employees in dyeing section
2 employees in packaging Sections
1 watchman
1 sweeper
Now all together the existing 68 employees in the organization. The watchman
also a weaver in the company
TIME SCHEDULE
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Type of Workers
Starting time
Lunch break
Departing Time
Staff
9.30 am
1.00 pm To 2.00 pm
5.30Pm
Workers
8.30 am
1.30 pm to 2.00 pm
5.30 pm
Watchman
5.30Pm
8.30 Am
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4. To ensure respect for human beings by providing various, services and welfare
facilities to the personnel
5. To identify and satisfy the needs of individual by offering various monitory
and non monetary rewards
6. To achieve and maintain high employees in the organization by sewing the
better human relation.
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Management function
Planning
Operative functions
Organizing
Directing motivating activating
Co-operating
on controlling
and commanding
Procurement function
Maintenance function
Integration compensating
Development function
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SELECTION
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INDUSTRY RELATION
The industry relation is used to denote collective relationship between
management; employees and government in any industrial or non industrial
organization under the present day factory system of industrial production in two
parties who came into direct contact with each other are the management representing
the employees. Industrial relation is not a new phenomenon but the growth of
industries has made of complex
Lokanath Weavers Industry keeps good industrial relationship with members
and board of directors. A work committee is formed for redressing the grievances of
the workers. If the grievance is occurred in the dyeing department the committee
constitutes dyeing master, secretary, board of directors
STRIKE AND LAY OFF
Strike means that employees are said to be on strike when they stop working.
The stop page of work should be pay group or body of person hence if one employee
stop working, it cannot be a case of strike. The body of person should also be
employed by the industry to work.
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At the Lokanath weavers during the period of buy off no wage on fabrics paid
in the history of Lokanath weavers no strikes arrived at all.
GRIEVANCE HANDLING
At LCWS LTD the following procedure is adopted to handle the grievances of
workers in most possible way they are
solution
Suggestions are discussed with board of directors
After discussion finalizing unit able solution
Low wages
Less incentives
Objection to a particular work
Inadequate welfare measures
5. In disciplined behavior
6. Lat off
TRADE UNION
The term trade union means a union or association of workers formed fore
looking after their interest by strengthening their bargaining power.
In a democratic country workers enjoy the right to combine themselves into an
organization for protecting and promoting their interest.N.Barou Says the right if the
workers to combine and at in combination on their own interest is one of the essential
freedom of modern civilization the organization of workers are known as trade union.
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Sharp difference in culture and opinion between the working class and management
group gives rise to trade unions
According to the Indian trade union at a trade union is a combination formed
for the purpose of regulating the relations between the workman and employee or
between the workman and workman and employee or between the workman and
workman, or between the employees and employees for imposing restrictive
candidates on the contract of any trade or business. A trade union is a organization of
employees in which the workers find the power attack on their problem
According to GDH cole A trade union means an association of workers in own
or more occupations an association carried on mainly for the purpose of protecting
and advancing the members economic interest on connecting with their daily work.
In Lokanath weavers industry that exist two trade union namely
CHU
INTUC
RETIREMENT
In LCWS retirement is at the age of 57. After retirement they are paid
gratitude depending on their services.
DISCIPLINARE ACTION TAKEN AT LCWS LTD
Oral reprimand
Domestic enquiry
Finding of the enquiry
Written warning
Suspension
Discharge
Dismissal
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ELIMINATION OF HAZARDS
PERSONNEL PROTECTIVE REQUIREMENTS
MAINTENANCE
PROPER LAYOUT AND DESIGN
PROPER TRAINING
SPOT ENQUIRY AND CHECKING
TOKEN SYSTEM
In this token system is used to make the attendance of the works. There exist
token boards from the workers at the time of their arrival have to take one token each
and put it on the box provided for the purpose. The society starts its function from
8.30 am and late coming of workers arrival after the permitted time will be market as
absent
MONETORY AND NON-MONETORY INCENTIVES
MONETORY INCENTIVES
EPE
As per the employees provident fund and miscellaneous provision Act 1952 a
provident fund shall be established for the benefits of worker. Under this scheme
monthly deduction from the employees are made. The total amount is despite with the
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BONUS
Bonus is cash paid for carrying out task. Usually society paid maximum
minimum bonus to employees
MAXIMUM BONUS
If in an accounting year the profit earned by the industry is maximum then the
employer should day bonus in proposition is to the salary or wages earned by the
employee during that accounting year. Generally in a co-operating. Society the
maximum bonus paid is 20% where as the LCWS LTD had paid a bones of 50% of
the employee.
MINIMUM BONUS
The minimum bones which an employees is required to pay even if it firm
WAGES PAYMENT
In LCWS page payment is based on task completed usually workloads for five
bundles are given per day. And if the workers are not able to complete it in particular
day they are allowed to cover it by the next day. In the case of damages in the cloth
carelessness of day of the worker the cost of such cloths will be recovered from the
wage of such workers.
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DECISION MARKETING
In LCWS the decisions are taken by board directors and the secretary the
board of directors having the meeting a fortnight or often it the necessary to conduct
the affairs of the firm. The president shall preside over the meeting of the board
several think are pointed out and discussed in the meeting. Mainly the discussion in
about the short, coming of the year problem faced presently discussion regarding the
payment. Problem of work etc. the quorum for the meeting board of directors shall be
decided by majority of vote. If there is an equality of vote the presidents or other
presiding member shall have a casting vote.
No member of the board of directors shall be present at meeting of the board
when any matter in which he is personally interested is being discussed increase of
urgency where there may not be sufficient time to convene a meeting of the board of
by the board of directors, the secretary may obtain the order of the board of directors
by circulation of papers among the member present at the head quarters of the firm
such decision arrived in circulation shall be placed before the meeting of the board of
directors for their satisfaction
Proper decision helps the firm to attain the objectives and goals.
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Secretary
Person in Charge
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FINANCE DEPARTMENT
Finance department is the nerve centre, which maintains systematic records
and controls income and pedicure of the factory. Account officers is the board of the
department. He was assistant accounts department
Finance manager is responsible for the day to day financial activities of the
firm. At the end of the financial year or period the financial manager importuned
movable property in the organization is called nerve centre.
In Lokanath weavers industrial co-operative society, the society has a good
finance department. They are recording all the financial dealings of the organization.
The company is following double book keeping system.
FUNCTION PERFORMED BY FINANCE DEPARTMENT
1. Preparation of finance statement at monthly half-yearly integrals
2. Maintaining of cash book, bill vouchers, bank book, involves, journals etc..
3. Reconciliation of bank balance
4. Receipts of fixed deposits
5. Transfer of found to the bank account
6. Recording all the transitions in appropriate books.
7. Calculating the cash required for day to day operations
8. Repayment of loan and its investment
9. Budgeting
10. Preparation of trail balance
11. Preparation training and profit and loss account and balance sheet
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SOURCE OF FINANCE
The main source of funds is raised from share capital from members. A fund
forms various. Government share, district co-operative bank and income from assets
i.e empty and waste cotton.
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540000
762400
CAPITAL STRUCTURE
Company requires capital to carry out its operation capital structure refers to
the completion or make up to the big term source of funds and as preference shares
debentures and loans. There should be correct preparation of these finance to the help
an optimum capital structure
ACCOUNTING POLICIES
The accounting policies of LCWS are:
a) The company maintains its amount on the historical cost conversation in
accordance with generally accepted accounting principles and compliances
with the accounting stand of the companies act 1956
b) Fixed assets are valued at the cost for acquisition on less depreciation
c) Retirement benefits showed inactivity
WORKING OF THE COMPANY
There has been increase in both production and sales as compared of last year.
Compared with this year company. Product has made good trust in its traditional local
markets. The company earned a trading profit of 536500.22. 2010. It is 240042.22
more than the previous tear.
WORKING CAPITAL
The term working capital literally means the capital required for a day to day
working of the business such as purchasing raw materials payment of wage etc
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ACCOUTING PROCEDURE
The LCWS ltd follows the Double Entry System of accounting the
accountant department and other department maintains various books of account
For recording the day to day transactions, cash receipts payment vouchers and
rough cash book are maintained manually. In LCWS all the book of accounts are
maintained manually.
FINANCIAL POLICY
In LCWS Ltd the chief finance policy is to bring is to in funds as they more out of
expensed. Another feature is that account signs all purchase indents and other
documents like bills voucher etc. under the risk of secretary and he has to answer for
them.
PROFIT DISPOSITION
1. Profit is the blood of any business. It is the rewarded awarded for risk ranking
Rules regarding the profit dispositive on of the LCWD ID are follows.
a) Fifteen percent of the net profit of the firm as declared by the Register
year after year it shall be carried to the reverse fund
b) Out of balance a dividend not exceeding 9% per annum on the paid up
value of each share may be paid to the member proportionately to the
amount of pain up share capital was so help in during the year
c) A sum not exceeding 7 percent of the net profit may be paid to the
common fund to be utilized for any of the propose mentioned in the
section 2 of the set VI of 1980, namely education and sanitation of the
general body wish so
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d) Out of the balance, sum not exceeding two months salary any as the
description of the general body is paid a bonus to the members of the
Board
e) The balance if any is added to the reverse full all turn dispersible and
invisible profits are also taken to the reserve fund.
DEPOSITS
Lokanath weaving company may accept deposits from the member and non
members with a view of promote thrift and saving. Deposits may at the discretion of
the board of directs received at any time form members and none members. Deposits
are another part of borrowing there is mainly three deposits in LCWS Ltd
I.
II.
III.
IV.
They are
Thrift deposits
Fixed deposit
Recurring deposit
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Minutes book for recording the proceedings of the general body members
admission register and nomination register pay book cash book and receipt
book
Share application register
Register of fluid resource
General ledger and voucher
Ledger of borrowings suspend accounts register
Register of monthly receipt and disbursement
Register of dividend
FINANCIAL STATEMENT
In LCWD ltd financial auditor records the day to day happening of the firm for
affection participation in the affairs of the firm for affairs of the firm. All entries are
recorded in the books and the document regularly and completely
The need of financial statement thus arises select the entire picture of the firm.
Financial statement comprises of
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PRODUCTION DEPARTMENT
Production is any process or procedure designed to transform a set of input
element into a specified set output elements. Production is the basis activity all
industrial units. All other activities revolve step-by-step creation of one form of
materials into another through chemical or mechanical processing to create or
enhance a utility of products or services
Production management is conserved with planning organizing directing and
controlling the production system as to produce goods of the fright quality in the right
qualities according to the time schedule and at minimum cost in involves decisions
making concerned with production process
Production management since long has been associated with a factory
situation where goods produced in physical sense
Factory has been defined
Any premise in which persons are employed for the purpose of making
alerting repairing ornamenting, finishing clearing washing breaking demolishing or
adopted for sale any article.
Production may be defined as
The conversation of inputs- men machinery, money materials, methods and
management into output through a transformation process
Pictorial modal of production management
Labour materials energy
Input
Processes
Products or services
Output
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Production planning
The production planning departments will stands and targets for each
section of the production process. The quality of products coming of a
production line will be closely monitored. In business focusing on lean
production line will be closely monitored. In business focusing on learn
production, quality will be monitored by all employees at every state of
production rather than at the end as is the case for business using quality
control approach.
purchase Department
The purchase department will be reasonable for providing the materials
components and equipment required to keep the production process running
smoothly. A viral aspect of this role is ensuring stocks arrive on time and to the
right quality.
store Department
The store department will be responding for stocking all necessary
tools, pares raw materials and equipment required to service the
manufacturing process. Where sourcing is unreliable buffer stocks need to be
keep and the use of computerized stock control system keeps at minimal but
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BY PRODUCT
By product is the product which is made from the principle raw materials in
order to avoided the waste of the material.
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In LCWS LTD products when the specific order for one item is cancelled the
byproduct the LCWS LTD are bags purse shopping bags etc. this result in the
effective utilization of the firm.
PRODUCTION PROCESS
Stage .1
1
2
3
4
5
Boiling
Bleaching
Washing
Dyeing
Drying
Stage .2
1. Warping
2. Warp joining
3. Weaving
Stage .3
1. Finishing
2. Cutting
3. Packing
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SECRETARY
WEAVING MASTER
WEAVING
WINBING
DYEING MASTER
WARPING
WARP JOINING
DYEING SECTION
WORKERS
WORKER
WORKERS
WORKERS
WORKERS
PLAN LOCATION
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section. After the producing is moved to packing section further it is stored till the
delivery.
PRODUCING PLANNING AND CONTROLING
Before starting any work it is necessary to plan property for getting better
results. Production planning involves the planning of various input like men
machines, materials etc. for a given period of time so that the customer could get the
right quality or products at the right place price and at right time.
In LCWS LTD pre-planning is done by for casting the holiday i9n the last 3
years 2010, 2011, 2012 the production were 65,48,37,4.00,64,70,100.00 and 62,18
065.00 rupees respectively. Availability of raw material and customer needs are the
base for predation predate controlling activities are done by the secretary in the
society.
LIGHTING
Lighting is of the physical facility required in factory. Adequate and good
lighting in necessary for a worker so that he may see minute detail of his job with ease
and accuracy. Lighting is said to be good when it is free from galleries and is properly
diffused its color should be pleasant and its flow should also be direct and steady
In LCWS LTD companies provide daylight an arftification illumination totally
provides with 110 tubes 48 tubes is used in the weaving department itself.
VENTILATION
It means to the free flow of air from outdoor and vice versa. Ventilation may
be natural and artification ventilation.
In LCWS LTD provide only natural ventilation through doors windows, air
holes etc. for workers. The staff member provided with artificial ventilation that is use
of fans.
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PURCHASE DEPARTMENT
Purchase is a managerial activity that goes beyond the simple act buying it
includes research and development for the selection of material and follow up to
ensure timely delivery of smooth flow of production
In LCWS LTD the purchase department is set up under office administration
here, the material needed for the production process. So the purchase department
makes available the needed stock at the required time for the smooth operation of
production.
RAW MATERIALS
Raw materials are those industrial goods which in part or in whole become a
portion of physical production or economy in storage transportation or handing
Yarn is a long continues length if inter looked fiber suitable for use in the
production of textiles sewing weaving rope making etc.
Nature or types determine which type of cloth sheets LIKE 2/70s yarn 216
yarns using for weaving more soft cloths.
DYES
Company purchase a variety of chemical and dye for dying processes. Here
vat dyes are suing for dying nature determines what quantity required for each
dying.
CHEMICALS
The society use chemical for boiling bleaching and for coloring the yarn. The
color of the yarn is changed by adding the chemicals. Some of the chemical are not
available from the local market. Itself they are purchased from Maharashtra,
Coimbatore and Ahmadabad.
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PURCHASE DEPARTMENT
SECRETARY
WEAVING MASTER
DYEING MASTER
WORKETS
QUALITY CONTROL
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Quality of products and working process are check in process are check in
quality controlling. It is necessary for the production of good with high quality. There
for quality controlling is done by three technical supervisors. Dyeing master is the
supervisor in dying section the given instruction to the worker, fix the quality of dyes
requested and ensure the quality of yarn after dyeing.
Weaving master supervise weaving process in weaving section. He gives the
direction for weaving different types of materials in various patterns. He measuring
the quality after weaving the common technical supervisor. He controlling the quality
of the products after finished process is conducted for obtaining of good quality it the
material.
MARKETING DEPARTMENT
Marketing is the process of communicating the value of product or services to
customers. Marketing might sometime be interpreted as the art of selling product but
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sale is only as the part of marketing. Marketing is the overall strategy and function of
promoting of service to customers.
Marketing is the link between societys material requirement and its economic
pattern satisfies the needs and wants through exchange process and building long
team relationship. The process of communicating the value of product or service
through positioning the customers. Marketing can be looked as an organization
function and set the process for creating, delivering and communicating value to
customers
Marketing is the science of choosing target market through market analysis
and market segmentation as well as understanding customers buying behaviors and
providing superior customer value.
Thus marketing is the process of providing the right product of the right
quantity in the right place at the right time. It is the process of creating, distributing,
promoting and pricing goods, service and ideas to facilitate satisfying exchange
relationship in a dynamic environment.
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IMPORTANCE OF MARKETING
The importance of marketing can be discussed in three heads as consumers, firms and
society.
1. Importance to consumers:
Marketing provide information about product and services. It helps them to
know the benefits and techniques of product through advertising, publicity and
public relation.
prices.
2. Importance to firms:
Marketing minimize the risk of distribution through adopting
proper and effective distribution channels such as warehousing and
transportation system.
Marketing helps in planning. It provides valuable information to
management about the market including consumer demand, cost of
more profit.
3. Importance to society
Marketing creating employment opportunities.
Marketing increase the standard of living of the people.
Marketing utilize, natural, financial, physical and human resources.
These resources help economic development of the country.
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MARKETING FUNCTION
Marketing function is defined as all activities of operation or service by which
original product and the final consumers are linked. All marketing functions can be
classified into four. These are as follows;
FUNCTION OF MARKETING
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MARKETING FUNCTION
RESERCH
EXCHANGE
PHISICAL SUPPLY
FACILITATING
FINANCING
SELLING
RESEARCH FUNCTION:
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EXCHANGE FUNCTION
Goods are produced for satisfying human wants. This is achieved only when goods
finally reached the hands of consumers. The process of passing goods into consumers
hand is called exchange. This function is subdivided into two;
a) Buying and assembling:
The buying function is performed in order to acquire quality materials for
production. The function of collecting and concentrating gods of the same time from
different sources at a place is called assembling. Assembling not only includes the
collection of goods at one place but also grading, storing, sorting and assumption of
risk.
b) Selling:
The basic objective of all marketing activities is to sell goods and services and
make profit. Selling help a firm in achieving its objectives by satisfying the needs and
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wants of customers. Selling means finding the customers and transferring the goods
them for them for money.
FACILITATING FUNCTION:
These functions are subsidiary in nature. But they have a direct relationship with
the marketing process and hence important. These functions help the primary function
of buying, selling, storage etc. This makes the marketing functions easily. This
includes;
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a) Financing:
It is required for production as well as for marketing. Marketing required adequate
finance for performing various marketing function. It is said that finance is the lye
blood of modem business. Without adequate flow of fund, it is not possible to conduct
marketing activities.
b) Risk bearing:
The process of moving a finished product from the point of production to the point
of consumption is characterized with lots of risk such as product damage, pilferage
and default etc. They business is dynamic and full of risk and uncertainty.
c) Marketing Information:
The accurate marketing information can change the market condition. Successful
marketing requires correct and timely decisions. Decisions are taken on the basis of
information relating customers wants, their habits, their purchasing power, supply and
demand market trend, pricing policies of competitors
d) Standardization and Grading
Standardization means establishing certain standard for a commodity on the basis of
desired features like quality, disability, colour, size, design, safety etc, effecting the
commercial value of a product.
Grading means classification of standard product into certain classes. It is the process
of sorting out the product into classes made up of unit processing, similar size and
quality
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Social emphasis:
Marketing is concerned with the long term health and happiness of marketing on the
net. The volume of business through net is increase.
Now a day a tendency is seen in the customers that are more concerned about quality
of the product than price. Marketing gives importance to value added marketing.
Retaining customers:
Now marketing realize that retaining existing customer is more profitable than
Discount shopping:
Discount shopping is the recent trend in the marketing field. Now a days companies
offer many types of discounts to the customers.
Marketing is applied not only business organization but also non business
organization. Voluntary institutions are adopting principles and practices to marketing
to promote their ideologies, welfare schemes and programmes in general.
There is a tendency on the part of many market to concentrate on rural segment to tap
the market potential.
Herbal world:
A green revolution is taking place in the fast moving consuming goods sector. A
herbal tag attached to a product is enough to make itself.
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Small unit lack the resources and knowledge for effective sales promotion. Large
scale units mostly have well know branded names. They also have huge amount of
resources to spend on advertisement and other sales promotion tools.
6) Credit sales
The small scale enterprise is invariably called upon to sell on credit. However, when
comes to purchasing inputs, they are denied liberal credit facilities. As a result they to
borrow excessive work capital than actually needed. This increase the general cost of
production and price, making it non-competitive.
MARKETING MIX:
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PRODUCT
PLACE
TARGET MARKET
PRICE
PROMOTION
MAJOR COMPETITORES
Azhikkal weavers industrial (workshop) Co-operative society Ltd. No.HL.IND
(C) 20,
54
STORE KEEPER
DISTRIBUTORS
55
56
CHAPTER-III
DATA ANALYSIS AND INTERPRETAION
57
Year
Advertising
Net Sales
Advertising
Expenses
Expense
2011-2012
122171
2012-2013
69467
2013-2014
26822
2014-2015
48130
Total
266590
Source: Primary Data
Ratio (%)
0.48
0.31
0.10
0.20
0.27
25225805
22341934
26308710
23719552
97596001
CHART NO 3.1
1
1 0.48
0.5
0.4
0.31
0.3
0.2
0.2
0.1
0.1
0
2011-2012
2012-2013
2013-2014
2014-2015
No. of
Percentage
respondents
Kanhirode
20
40
58
Weavers
Co-operative
,Kannur
Kannur Weaving Mill,Mahi
Kannur WCSL,Kakkad
Total
Source: Primary Data
18
16
5
50
32
10
100
CHART NO 3.2
Chart showing brand preference of the customers.
40
40
35
30
25
20
15
10
5
0
32
18
1
10
Percentage
No. of respondents
22
8
11
Percentage
44
16
22
59
Packing
Discount
Total
Source: Primary Data
5
4
50
10
8
100
CHART NO 3.3
Chart showing the opinion regarding the factors affecting towards the
product
44
45
40
35
30
22
25
16
20
15
10
10
5
0
1
Quality
2
Price
Durability
Packing
Discount
Percentage
INFERENCE: Quality is the foremost factor that affects the sale of a product.
Durability stands the next.
No. of respondents
38
8
76
16
Percentage
satisfied
Neither satisfied
nor dissatisfied
Dissatisfied
Highly satisfied
1
0
2
0
60
Total
Source: Primary Data
50
100
CHART NO 3.4
Chart showing the customers opinion about the quality of product
76
80
70
60
50
40
30
20
10
0
16
Percentage
INFERENCE: LWCS products are well popular on their product on their product
quality. About 76% people are highly satisfied about the quality of the product.
TABLE NO. 3. 5
Table showing the highly profit making products of the society
Particulars
Made ups
Furnishing
fabrics
Sarees
Total
Source: Primary Data
No. of respondents
24
14
48
28
Percentage
12
50
24
100
CHART NO 3.5
Chart showing the highly profit making products of the society
61
Sarees; 24%
Made ups; 48%
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Particulars
Highly satisfied
Satisfied
Neither satisfied nor
dissatisfied
Dissatisfied
Total
Source: Primary Data
No. of respondents
17
27
2
Percentage
34
54
4
4
50
8
100
CHART NO 3. 6:
Chart showing the customers opinion about the price of the product
60
50
40
30
20
10
0
Percentage
INFERENCE: Saying about the price of the product ,54% of the people are
satisfied and 34% of people are highly satisfied. But, it should be noted that a 4%
of people are dissatisfied on the same.
No. of respondents
Percentage
63
Excellent
Very good
Good
Average
Poor
Total
Source: Primary Data
30
14
5
1
0
50
60
28
10
2
0
100
CHART NO 3.7:
Chart showing the customers opinion about the packing and labeling of the
product.
60
60
50
40
28
30
20
10
10
0
2
Excellent
Very good
Good
Average
Poor
0
Percentage
INFERENCE: LWCS products do not face any complaint regarding the packing
and labeling of their products. Of the 50 people,30 of them stated, excellent.
No. of respondents
15
18
11
6
0
Percentage
30
36
22
12
0
64
Total
Source: Primary Data
50
100
CHART NO 3.8:
Pie chart showing the innovativeness of weaveco brand in markets
12%
30%
Excellent
22%
Very good
Good
Average
36%
Poor
Percentage
25
54
16
05
0
100
65
CHART NO 3.9
Chart showing the requirements needed to satisfy the respondents more
54
60
50
40
30
20
10
0
25
16
5
Percentage
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CHAPTER-IV
FINDINGS, SUGGESTIONS AND CONCLUSION
4.1 FINDINGS
Lokanath Weavers Industrial Co-operative Society is a reputed society
engaged in producing variety of product with the help of efficient workers.
Quality is the main factor that influences the purchasing decision of the
customers of the society.
The promotional activities undertaken by the society is less satiety.
While analyzing the marketing mix of the society it is pointed out that the
society produce one product at different variety by change in the size and
shape.
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Lokanath Weavers society protects and promotes handloom sector through its
operation.
Employees viewed that internet trading is the most profitable training method.
The main speciality of handloom product is it is traditional and high quality.
The main problem faced by the society is competition.
There is an efficient marketing department in Lokanath
4.2 SUGGESTIONS
Technology up gradation is a must in these industries to meet the competition
and to widen the market for handloom product.
There is a need in recognize the value of handloom sector in sustainable
development.
Budget allocation has to increase with news scheme which address the
problem of the sector.
A better facility like land water and electricity is to provide.
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Take measures to attack worker such as conduct seminar about the values of
weaving and make aware about the varies Government offers provide to
workers.
Make constant search for activities of power loom and consider consumer
satisfaction id the ultimate goal an always.
4.3 CONCLUSION
Lokanath Weavers Industrial Co-operative Society is the co-operative firms
produce a variety of product to customers. They prefer bulk orders from customers.
The society undertakes various market promotion schemes to attract its customers.
Due care has been given to customer's needs and wants while marketing their product.
Despite of all these the society is still facing continuous loss mainly due to stiff
competition from Power looms and other weaving society and also due to inefficient
marketing activities. The society should avail assistance from the central and local
Govt. For introducing attractive marketing Medias. Continuous effort should be made
in build up innovative marketing schemes so as to attract its customers. By doing so
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the society can retain high position in the locality and overcome a major portion of its
difficulties by bringing constant improvement in the marketing activities which
constitute a major part of the society for its growth and progress.