Precot meridian limited

PRECOT MERIDIAN LIMITED

INTRODUCTION

PRESIDENCY COLLEGE

1


GLOBAL TEXTILE INDUSTRY
Making textiles has been a cultural activity since time immemorial. 1 Trade in
textiles rose along with tastes for luxury. The silk route, like that for spices,
formed links between Asia and Europe, well in advance of other consumer
goods such as sugar, tea and coffee. Great medieval architecture owes much to
the textile trade, from Flemish cloth halls (such as Ypres) to English
monasteries (Fountains Abbey WHS) and parish churches. Conversely the
textile products of some nomadic communities are the principal cultural
artefacts by which they can be represented, whether now in museum collections
or still in living communities.
The textile business was and is a world-wide industry drawing on raw materials
produced all over the world. It was to produce textiles that development
occurred in otherwise non-productive places, such as the vast sheep farms in
Australia and New Zealand. Production of sisal (in Mexico and St Helena), and
of coir( Zanzibar), manila (Philippines), hemp and jute (Bangladesh) enabled
parts of South and South East Asia to develop, or to be exploited. Most
famously, the growing of cotton moved from India to the Southern United
States, to be worked in large slave plantations, the conservation of evidence for
which is a thorny issue. Since then cotton growing has moved on to Egypt and
the former Soviet republics of central Asia, followed by manufacturing plants in
those places, at the expense of the older spinning and weaving districts.
The textile industry was the lead sector in many countries’ experience of the
industrial revolution. New forms of technology, power generation, finance,
labour, and industrial organization were combined in a textile mill on a scale
that foreshadowed today's industrialized and urbanized society. A high
proportion of the workforce would be female, or child, so the need for factory
legislation, and for education arose at textile sites at a time when such

PRESIDENCY COLLEGE

2

consideration did not exist for adult males. Sometimes the gender imbalance
would be temporary, and met by specially built lodging house barracks for
young unmarried women (the “Yankee girls” of Lowell, USA). Social
consequences of there being higher wage earners amongst women than men
could be deep-seated, as in Bradford and Dundee, UK, driving men to seek
work abroad or in engineering. The engineering industry would evolve as the
textile industry matured and would seek out new markets, either to export the
latest machinery so as to create competition with home markets or to diversify
into new products. Where men retained a role in production (as did mule
spinners in the UK) they might accumulate sufficient funds to develop new
economic models: the Co-operative movement and the first limited liability
companies both came from the Lancashire cotton districts of Rockdale and
Oldham, and were copied world-wide. The significance of textile history can
then be very wide-ranging and aspects may claim universal value.
TEXTILE TARIFF RATES AROUND COUNTRIES

PRESIDENCY COLLEGE

3


TEXTILE EXPORT

PRESIDENCY COLLEGE

4


CONSUMERS WORLD WIDE PREFER COTTON
80%
70%
60%
50%
40%
30%
20%
10%
0%

PRESIDENCY COLLEGE

5


INDIAN TEXTILE INDUSTRY:
The textile industry occupies a unique position in the Indian economy. Its
predominant presence in the Indian economy is manifested in terms of its
significant contribution to the industrial production, employment generation and
foreign exchange earnings. It has immense potential for employment
generation, particularly in the rural and remote areas of the country on account
of its close linkage with agriculture. Indian textile industry has a significant
presence in the world textile economy by virtue of its production of textile
fibres/yarns. It accounts for about 21 per cent (35 million spindles) of the world
spindleage of 166.36 million spindles, the second largest after China and three
per cent of the world rotorage of 7.81 million. With almost 5.7 million looms
(including handlooms), the industry has the highest loomage about 64 per cent
of the world loomage of 8.9 million. It is the largest producer of jute and the
second largest producer of silk and the third largest producer of cotton, cotton
yarn and cellulosic fibre/yarn in the world. It is also the fifth largest global
producer of synthetic fibre/yarn.
The Indian textile industry is predominantly cotton based which accounts for 65
percent of fibre consumption. Taking a cue from global consumption pattern, it
is obvious that India needs to produce more synthetic fibre based products to
meet the international demand.

PRESIDENCY COLLEGE

6


TEXTILE INDUSTRY IN ANDHRA PRADESH
The state of Andhra Pradesh is blessed with highly fertile land, which led to
enormous growth of cotton and silk fibers. The abundance of cotton and silk
production has provided individuals as well as institutions to venture out into
textile processing, yarn and spinning industries. It fully meets the growing
needs of the increasing population for one of the basic necessities of life –
clothing. Being agro-based, the textile industry enjoys strong links with a vast
army of farmers, rural artisans, craftsmen and numerous allied trades and
industry personnel.
The Textile industry, in the process of manufacturing of 2,600 Crore sq. m per
annum of textile material, consumes 29 Lakh Tones of Fibres of Cotton / Silk /
Nylon / Polyester and other miscellaneous Fibres. About 6,000 to 8,000 Tons
of dye 50,000 Tons of chemicals and auxiliaries and significant quantities of
Oils and Lubricants are used in the industry. Besides this, about 500,000 tons
of coal, gas and lignite are utilized as sources of energy. The water
consumption figure stands at 45 Billion Liter, generally consisting of bore well
water with high total dissolved solids (TDS) and hardness concentrations.
There is a great potential for implementing Cleaner Production and Energy
Efficiency (CP-EE) in Textile Industries from the Environmental Protection
point of view which can yield both Economic and Environmental benefits to the
units. This bulletin highlights the concept of CP-EE by analyzing the need,
finalizing the requirements and selecting the right technology / equipment and
planning for implementing and monitoring.

PRESIDENCY COLLEGE

7


CHAPTER I
COMPANY PROFILE

PRESIDENCY COLLEGE

8


COMPANY PROFILE
Original name of the company

: Premier Cotton Spinning Mills

Promoted by

: N. Damotharan

Incorporated in

: 1962, Palakkad, Kerala

Produce

: Cotton yarn

Change of name in

: 1984 (Precot Mills Limited)

Present name

: Precot Meridian Limited

KEY FIGURES AT A GLANCE
 Four decades of spinning experience
 Symbolizes: Quality, Trust and Commitment
 Turnover : 90 million US dollars
 Installed capacity: 2,00,000 Spindles
 Rotors: 1536
 Looms: 124
Precot is one of the leading textile mills in India. It produces world class yarns that
Consistently deliver value for money to customers. It proposes to venture into
Garment manufacture also in sdue course.
Precot Mills limited has been renamed as “PRECOT MERIDIAN LIMITED”
with effect from 28th Sept, 2006. The company has also adopted a new logo.
The new logo with the theme “Riding the wave of confidence” contains a wave
formation with the Letters P & M embedded therein in Bright Red and Navy

PRESIDENCY COLLEGE

9

Blue symbolizing the dynamism and sense of confidence that goes with those
colors.
From its inception in 1962, Precot Meridian has symbolized quality and trust in
the textile industry has four decades of spinning experience and defined set of
values and principles. Precot Meridian is committed to its customers for
Satisfaction and fulfilling their needs, with diverse range of textile products.
Turn over around 90 million USD and a consistent history of growth, the group
is well poised to meet the textile needs.

Change in name of the Company and adoption of new LOGO
Precot Mills limited has been renamed as PRECOT
MERIDIANLIMITED with effect from 28th September 2006.The Company
has also adopted a new logo.
The name change is in tune with the transformation of the company from a pure
spinning mill into an integrated textile player. The company apart from
manufacturing cotton yarn and polyester sewing thread has also commenced
manufacture of yarn dyed shirting fabrics. It proposes to venture into garment
manufacture also in due course. The original Logo with the cotton flower
embedded in letter P in green colour, was created in 1962, when the company
commenced operations in cotton spinning. The new logo with the theme ‘Riding
the wave of confidence” contains a wave formation with the Letters P & M
embedded therein in Bright Red and Navy Blue symbolizing the
dynamism and sense of confidence that goes with those colors

PRESIDENCY COLLEGE

10


Units of the Precot Meridian Ltd
 Corporate Office, Coimbatore, Tamil Nadu.
 ‘A’ Unit, Kanjikode, Palakkad, Kerala.
 ‘B’ Unit, Hindupur, Andhra Pradesh.
 ‘C’ Unit & O.E. Unit, Walayar, Kerala.
 ‘M’ Unit, Pollachi, Tamil Nadu.
 Weaving Unit, Sethumadai, Tamil Nadu.
 Yarn Dyeing Unit, Perundurai, Tamil Nadu.
 ‘K’ Unit, Gowribidanur, Karnataka.

PRESIDENCY COLLEGE

11


Three dimensional approach towards customer delight
Quality
 Established

Quality

assurance

methodologies and processes
 Fine - tuned work culture with focus
on Quality

Value
 Cost reduction through in - House
Research, Development and Value
Engineering

Delivery
 Keeping

up

committed

schedules

work

force

through
and

a

high

productivity
 Customer Service through a well
connected marketing and after- sales
network

PRESIDENCY COLLEGE

12

CORPORATE PROFILE:
Corporate office is situated at “Suprem” P.B No: 7161737, Pulikulam Road,
Coimbatore-641 045.Corporate office deals with raw material purchase, testing,
a p p r o v a l a n d a l l ot me n t t o g r o u p mi l l s . I n a d d i t i o n t o t h a t
f i n a l i z a t i o n o f s a l e s contract, approval of production-planning, policy
decisions etc. are also taken at corporate office.
A-Unit
Unit A is located at Kanjikode west, Palghat, Kerala and was established in the
year 1964.the area used is 2 Hectors surrounded by 15 Hectors of its own land.
Present Spend age of the Factory is 57600,working 24 hours in a day and
7d a ys i n a we e k a n d S p i n n i n g Ho s i e r y ya r n s , w a r p a n d we f t
ya r n s a n d d o u b l ed yarns counts ranging from 30s to 100s combed and
cradle varieties. All are ring spun yarns only.
B-Unit
B unit is at Kodigerahalli, H.S.Mandir, Hindupur(post),Andhra Pradesh and
won established in the year 1983.Mill is located in an area of around 5
Hectars.Present installed capacity of the mill is 72000 spindles engaged i n man
ufacturing of ring spun yarn and working 24 hours a day and 7 days a
week continuously.
C-Unit is at Chandrapuram, Walayar Dam (post), Palghat (Dist.),
Kerala. Unit was established in the year 1992.Factory is build up in an area of
9600squaremeter.P r e s e n t s p i n d l a g e o f t h e u n i t i s 2 4 7 2 0 c o mp a n y p
r o d u c e s ya r n r a ng i n g between 20s Ne to 40s Ne in both 100% Cotton
Combed varieties to suit different e n d u s e s . At p r e s e n t t h e ya r n
p r o d u c e d f r o m t h e mi l i s b e i n g wi d e l y u s e d f o r knitting (Banians
and Knitwear).

D-Unit
D-Unit is situated at Chandrapuram, Walayar Dam (post), Palghat (Dist), Kerala
and was established in the year 1995. This is located in an area of around5.3
Hectors. Present capacity of the factory is 1344 rollers, manufacturing yarn
PRESIDENCY COLLEGE

13

ranging between 60s Ne in both 100% Cotton and Processed wastes in carded
and combed varieties to suit different end uses. At present the yarn produced
from the mill is being widely used for Industrial fabrics and bed sheets.

MIL-Unit (A & B)
M I L i s a n a n o t h er g r o u p o f c o mp a n i e s u n d e r P R EC O T M I LL S
g r o u p o f companies. Factory is situated at Nanjegoundenpudur, Achipatti
(Post), Pollachi.Unit was established in the year 1994.Present spindlage of the
factory is 21504 and spinning yarn ranging from18s to 60s of both carded and
combed.

About Precot C
1. Founder of the Group: Sri.V.N Ramachandran (Late) Sri.N.Damodaran2.
Chairman &Managing Director: Sri.D.Sarath Chandran3. Starting of the Mill:
January 924. Total Spindles Installed: 24288 Spindles (23*1056)5. Rawmaterial: Cotton and Polyester staple fiber 6. Count of yarn processed: 20s
to 40s cotton combed knitting yarn7. End use of products: Sportswear, Casual
wears8. Raw-material used: Raw cotton, Polyesters staples9. Exporting
countries: U.K, Germany, Israel, Mauritius, Singapore, Malaysia
andPortugal10. Number of workers in the mill: 126 permanent workers

PRESIDENCY COLLEGE

14


Precot “B” at Glance
Precot Meridian Limited ‘B’ unit was established near Kodigenahalli, Hindupur, as
‘Precot Mills Limited’ on 26 th March 1983, with an instalation capacity of 28,800
spindles which was expanded to 51,840 spindles in 1991. It is nearly 5 kms from
Hindupur. The founder of Precot Meridian was late Sri. N.Damotharan Garu.
Meridian Industries Limited has been merged with Precot Mills Limited with effect
from 01st April, 2006. Today the company covered in 50 acres area. Around the
company a lush green was developed so as to make the environment free from
pollution. The total number of employees working in the precot meridian are 1400
out of which 60 are staff, 641 are permanent, 525 casual workers and 174 are
scheme workers. The precot has symbolized Quality and Trust in the textile
industry with four decades of spinning experience and a diverse range of products
that includes cotton yarns, sewing threads, fabrics and garments; precot is the one
of the few totally integrated textile players with a total turnover of 90 million US
dollars
Company is recently awarded with “PARIVATHAN SUSTAINABILITY
AWARDS 2011”
for “Water conservation through leadership” from textile and apparel sector.
Installed Capacity
Ring Spindles

: 44160

TFO

: 4464

Compact Spindles

: 7680

Autoconer Drums

: 1222

Doubling Spindles

:

Nil

Rotors

:

Nil

Manufacturers of
PRESIDENCY COLLEGE

15

Hanks

C: 2/80s

Hosiery Cone

C: 40s, 50s,

Others

C: W-40s, 50s, 60s, 30s, 2/30s, 2/40s (W-Weaving)

Non Cotton Cones

Polyester 42s, 55s, 60s

Blended Yarn

PV-45s

Yarn export to:
Taiwan, Malaysia, Italy, Korea, Turkey, Hong Kong, Philippines, Spain
Export Percentage
Additional Facilities

20
Auto Leveler in Chute Feed, Carding, Draw Frame;

Contamination Sensor at Blow Room, Winding; EYC, Splicer, Wet Splicer,
Siro Clr.at Auto Coner, Ring Data, Pallot Packing, Knitted Fabri

INFRASTRUCTURE

Precot Meridian have state-of-the-art infrastructure with advanced technology to
meet customer demands. At Precot Meridian, innovative techniques are
introduced to manufacture efficient products that meet specific customer
requirements in the fields of Spinning, Weaving and dyeing.
Spinning
Blendomat and Unifloc - latest generation, high productivity, automatic tuft
opening and feeding machine
Contamination cleaners with a charge-coupled camera reduces polypropylene,
jute, hair and colour threads
Fourth generation cards from Trutzchler GmbH, Germany individualizes the
fibres gently and separates the fine trash
Sophisticated E62 combers from Rieter for coarse and medium counts and
Lakshmi LK64 combers for fine counts

PRESIDENCY COLLEGE

16

Single delivery high production Drawframes from Rieter fitted with
Autolevellers and Quality Monitors
Speed frames from LMW and RIETER incorporated with latest 3-over-3
drafting systems ensure defect free roving packages for spinning
LR60 Ring Frames with Auto doffer and the link system is monitored by
PROWIN monitoring systems for consistent performance
Slub yarn system from CAIPO, Italy
Savio Orion, Murata 21C and Schlaforst AC X5 Autoconers integrated with
Siro clearers ensure non-contaminated yarn. Wet splicer provides defect-free
Elitwist yarn
Yarn Conditioning Equipment maintains precise moisture levels in the yarn and
ensures superior working performance
Yarn singeing machines from RITE, Italy are used to produce quality yarn

Weaving
High speed sectional warping machines from Gamatex
Sizing machine from Sucker Muller for uniform sizes and excellent
performance in loom-shed
100 Promatech Rapier looms and 24 Toyota Airjet looms produce 6,00,000
metres of yarn-dyed woven fabrics per month
Looms that have the capacity of producing fabric with the width of 190 cm
(76”)
Deskloom with automatic controls and monitors accelerate sample development
Single-end Sizing machine expedites sample development and retains size in
small lots
Osthoff Singeing machine with six chambers Stenter for uniform fabric width
control
Ben-dimensa Mercerizing machine from Benninger
PRESIDENCY COLLEGE

17

Sample Warper for quick yardage sample fabrics
SDL-ATLAS complete testing instrument

Dyeing
Modern Fong’s vertical dyeing machines for gentle treatment of yarn during
dyeing and also to achieve the required shades without variation
Precision soft winders from SSM, Switzerland
‘Zero’ discharge-ETP (Effluent Treatment Plant) as part of the social
responsibility commitment of Precot Meridian
Data color matching system
Automatic dispensing system from SALCE, Italy

PRESIDENCY COLLEGE

18

General Information

Shift Timings Precot B
Morning - 8.00 AM to 4.30 PM - I shift Evening - 4.30 PM to 1.00 AM - II shift Morning 1.00 AM to 8.00 AM - III Shift

Shift Timings Precot D
Morning - 8.00 AM to 4.30 PM - I ShiftEvening - 4.30 PM to 1.00 AM - II Shift
Morning - 1.00 AM to 8.00 AM - III shift

Lunch timing
I shift - 11.30 AM to1.30 PMII shift - 7.30 PM to 9.30 PMIII shift - 4.30 AM to 6.00 AM

Weekly Holiday

Sales
Domestic : Tripura, Kolkata, Mumbai, Varanasi, Delhi.
Exports

: Belgium, China, Italy, Japan, Malaysia, Portugal, South Korea, Turkey etc.

(40% domestic and 60% will be exports)

PRESIDENCY COLLEGE

19


Welfare Facilities:
The Human resource department in Precot Meridian limited ‘B’ unit comprises of
Labor Welfare Officer. All the welfare facilities in the organization are looked after and
supervised by the Labor Welfare Officer.

EMPLOYEES WELFARE AND SOCIAL SECURITY
HRD department has to take necessary steps to comply with statutory requirements under
Factge education.
Details of Benefit
No:

Description

Fees

Transport

Hostel

1

School up to 10th standard

RS 2000

Rs 700

Rs 800

2

HSC, UG, PD, Diploma

RS 3000

Rs 700

Rs 3000

3

Professional courses

RS 5000

Rs 700

Rs 4000

PRESIDENCY COLLEGE

20


A.EDUCATIONAL BENEFITS
1) All permanent employees and probationers on scale are eligible for this benefit.
2) The benefit will be extended for two children only.
3) Children of staff and EFI / I grade employees are eligible for the benefit from
school to the completion of college education.

B. EDUCATIONAL LOAN
a . C o mp a n y s h a l l e x t e n t l o a n f o r t h e e d u c a t i o n o f t h e s t a f f a n d t h e
p a yme n t o f capital fee if any for the children of the staff.
b . Th e l o a n a mo u n t s h a l l b e 7 5 % o f t h e t u i t i o n f e e s/ c a p i t a t i o n f e e s u b je c t
t o a maximum of 6 time monthly basic salary as on January
.c. Eligible: Those who have prior experience and fitted into scale are eligible after one year
service in the company 3 year are also eligible.
d. The loan application should be prepared and recommended by HRDO, HOD
approved and forwarded by GM to central office.
e. The repayment shall be made from salary and bonus over a period of 3 to 5 years in equal
monthly installments
f . S e c u r i t y: Th e r e wi l l b e n o s e c u r i t y f o r t h e a b o ve l o a n . Ho we v e r , b e f o r e
t h e disbursement of the loan a consent letter from the employee confirming that at the
time of his/her leaving the company, the outstanding loan amount
c o u l d b e recovered from the dues that may be payable to him/her.

PRESIDENCY COLLEGE

21

Grievance procedure
All possible efforts to be taken to redress the grievances of the employeestimely
and at the lowest level possible.
1 ) If any employee has any grievance he should inform the same to t h e concerned staff
member and the staff member must give him replay within24 hrs.
2 ) I f t h e e mp l o ye e i s n o t s a t i s f i e d w i t h r e p l y h e c a n a p p r o a c h t h e HO D
a n d HOD must replay him within 24 hrs.
3) If the employee is not satisfied with replay he can approach HRDM/O and
HRDM/O must replay him in consultation with him within 3 days and that’s hall be
final.

Suggestion Scheme
All employees must be encouraged to come out with suggestion to
improvet h e different functional areas. The suggestion box has to be maintained in aconveni
ent place and it must be opened fortnightly. All suggestion must b e acknowledged and
whenever a suggestion is implemented the concerned employee must be given a suitable
reward.
Mentor System
As per this system each safety member shall be entrusted with a group of workers
and the staff member shall be responsible for the attendance efficiency of those workers. The
staff member should help the employee in settling the personal and work related problem if
any. It is suggested that the staff members have a personal discussion with the workers at
least once in a month and visit his family once in a year.
HRD Audit
The HRD audit to be conducted periodically (once in 6 month) using
the p r e s c r i b e d f o r ma t i n o r d e r t o a c c e s s t h e f u n c t io n i n g s t r e n g t h s , l i mi t a t i
o n s a n d developmental requirements of the human resources of the unit. The findings of the
audit shall be used to improve the effectiveness of functioning of the department
and to plan future.

PRESIDENCY COLLEGE

22

Exit interview
When an employee leaves the service of the mill on its own or retires an exit interview shall
be conducted using the prescribed format. The employee should be r e q u i r e d t o
c o mp l e t e t h e f o r ma t a n d c l a r i f i c a t i o n s i f a n y s h a l l b e ma d e b y t h e HRDO.

General
1) For every employee should one personal file should be maintained by HRD dept and it
should contain all documents and records related to that employee
2) Every year awards or prizes shall be given to employees for best
attendance performance of work, suggestion etc.
3) If any accident or fire occurs in the mill proper investigation of accident or fire – causes,
time intensity has to be carried out by HRD department and necessary steps to be taken to
avoid the reoccurrence of such incidents.
Some of the welfare facilities in the organization are as follows:

 Medical facilities
 Canteen facilities
 Scooter and Cycle sheds
 Lunch rooms
 Supply of drinking water
 Toilets/Washing facilities
 Company stores
 Library and T.V room

PRESIDENCY COLLEGE

23

Departments:
 Production Department
 Maintenance Department
 Electrical Department
 Quality Assurance Department
 Human Resource Department
 Accounts Department
 Yarn Department
 Cotton Department

Facilities, Regulations:
•Cycle shed provided for keeping vehicles
•ERC functions all 24 hrs. And provides food.
•W h e n a n e m p l o y e e e n t e r s t h e m i l l w e h a s t o c o l l e c t t h e c a r d f r o m
t h e security main gate and handover the same at gate while leaving.
•Dormitory is provided for ladies inside the mill promises with mess facility. A lady matron
is appointed to core the needs of girls.
•Smoking is strictly prohibited inside the mill premises.
•Creche is provided to cater the needs of working women’s children.
First aid boxes are provided with required medicines inside the department and
HRD department to meet any accidents on work.
•SIC’s / Supervisors are present in all shifts to manage workers.
•In all shifts shift supervisor / SIC will be these to look after the shift.
•Uniform is Supplied to all operatives and non – Operatives.

PRESIDENCY COLLEGE

24


Product Profile
PRODUCTS
Precot Meridian B-Unit manufactures and markets high quality yarns like Slub Yarn,
Organic Yarn, Compact Yarn, Elitwist Yarn, etc. to domestic and international clients.

Slub Yarn
Slub yarn is manufactured with the technical support of CAIPO, Italy and LAKSHMI, India.
Precot Meridian manufactures all types of slub yarn - short, medium long, extra-long and
reverse slub yarn. Slub yarn comes under the fancy yarn domain as it creates certain visual
effects in the resulting fabric. Slub yarn fabric is characterized by an uneven surface; simple
colors seem appealing because of the regular change in texture right through the fabric.

Organic Yarn
Producing yarn that is certified as being organic involves a long procedure committed to ecofriendly practices at various levels. The cotton used to produce organic yarn is grown on
farms that adhere to farming practices wherein chemical herbicides, growth-stimulants and
pesticides are not used. Sustainable agricultural practices are put into use to ensure that the
cotton used is 100% organic.
Precot Meridian sources this organic cotton at premium prices in order to ensure that the
yarn manufactured is also organic. This is certified by Control Union, Netherlands. This
certificate is renewed each year under the guidance of Control Union Netherlands after a
strict audit process. Apart from the measures taken to ensure the organic quality of the yarn,
due care is taken to comply with safety, labor and other mandatory issues, while producing
organic yarn.

PRESIDENCY COLLEGE

25


Compact Yarn
Precot Meridian has introduced a novel way of reducing the extra hairiness that characterizes
conventional yarn. Conventional yarn spinning techniques result in low strength and
irregular appearance. This is overcome by the world class SUESSAN COMPACT which
uses the compact spinning technique. This ensures that the yarn produced has quality
characteristics such as evenness, tensile strength and lowered hairiness.

Elitwist / Compact Yarn
Elitwist / Compact yarn is used in specialist applications. The technology used has the
tendency to reduce the twisting triangle in the spinning machine. Elitwist yarn can withstand
heavy loads because of its increased strength and elongation. It maintains a good luster as the
hairiness is fairly low.
The enhanced strength of Elitwist yarn makes it a favored product with customers. Warping
breaks are reduced a great deal and sizes can be changed without too many cost implications.
It also lends itself to extensive dyeing possibilities.

Precot Meridian as one of the most well-known manufacturers of polyester sewing thread,
produces a wide range that suit the varied needs of end users. Both two ply and three ply
yarns that range from Ne 20 to Ne 60 are manufactured.

Polyesters Cotton Blend

Precot Meridian manufactures a wide range of polyester cotton blends ranging from Ne 30 to
40. Two different cotton blends manufactured include 40/60 and 50/50 poly cotton. These
products are well known for their quality and the ultimate fabric appearance is an important
factor for PC blends.

PRESIDENCY COLLEGE

26


COTTON is grown in more than 60 countries and utilizes nearly 5% of total cultivatable
land. More than 25% of the worldwide pesticides production is used in cultivating cotton. As
cotton is not a food product, the pesticides used are more toxic. Indiscriminate use of such
pesticides cause
 Depletion of nature insect population in cotton growing countries.
 Pesticides going into river and affect drinking water seriously.
 High level of pesticides in the soil affect food products if grown in that soil.
 Cattle feed from these cotton leaves and seeds get affected/even poisoned some times.
Promoters of the organic movement
A) Food and agricultural organization of United Nation (1963)
b) International Federation of organic Agricultural movement (1972)
Global and Indian statistics:
18 counties produce organic cotton. India's organic cotton production is 11,500 tons in 2006.
GOTS: (Global Organic Textile Standard)
The standards are developed by international working group on the global textile standards
as part of the International textile conference. GOTS is intended to allow organic textile
manufacturer to export their product using this one certificate that will be well accepted in all
countries.
Inspection at site by certifying agency
Control Union is an organisation with their base in Netherland's, carry out inspection at
manufacturer's sites for compliance to GOTS.

PRESIDENCY COLLEGE

27


PRODUCT RANGE

Combed Cotton Yarn


100% Organic combed cotton yarn for Knitting
and Weaving Ne 30/1 to 40/1



100% Organic combed cotton slub yarn for
Knitting and Weaving Ne 30/1 to 40/1



Elitwist yarn for knitting and Weaving



Knitting Yarn Ne 30/1 to Ne 60/1 includes both
domestic and international cotton



Weaving Yarn Ne 40/1 to Ne 80/1



Doubled Yarn on TFO Ne. 50/2, 56/2, 66/2,
74/2 and 80/2



Gassed Yarn Ne.40/2 to 80/2



Compact spun yarn for Weaving Ne 40/1 t o
Ne. 60/1



Fancy yarn, Normal Slub yarn, Reverse Slub
yarn Ne 24/1 to Ne 60/1 for Knitting and Weaving



Open End Spun Yarn Ne 2 to Ne 10

Polyester Sewing Thread


Bulk cones in raw white and optic white as per
shade card



Around 600 shades have been manufactured
with the help of shade card leaf lot



Polyester sewing yarn ranges from Ne 20/2,
20/3, 48/2, 55/2, 55/3 and 60/3
PRESIDENCY COLLEGE

28


Chapter II
ORGANISATIONAL STRUCTURE

PRESIDENCY COLLEGE

29


ORGANIZATION STRUCTURE [HIERARCHY]

GENERAL MANAGER

MILL MANAGER

HRD-OFFICER

HR-OFFICER

DY.HR.OFFICE

HRD-M

TRAINING OFFICER

ADMINISTRATION MANAGER

LWO

ASSISTANT

CANTEEN

SECURITY
 LWO – Labor Welfare Officer

PRESIDENCY COLLEGE

30


CHAPTER III
FUNCTIONAL AREAS (DIVISIONS)

PRESIDENCY COLLEGE

31

IMPORTANT PEOPLE OF PRECOT MERIDIAN LIMITED:
Directors
Jairam Varadaraj
A Ramkrishna
C N Srivatsan
M V Subaraman
Sumanth Ramamurthi
Suresh Jagannathan
Vijay Mohan
Vijay Venkataswamy
K Muthukumaran (Nominee of EXIM Bank)

Chairman & Managing Director
D Sarath Chandran

Joint Managing Director
Ashwin Chandran

Executive Director
Prashanth Chandran
Head - Finance & Accounts
R Murali
Company Secretary
C Murugesh
Auditors
M/s Suri & Co
M/s K S G Subramanyam & Co

PRESIDENCY COLLEGE

32


IMPORTANT PEOPLE OF PRECOT MERIDIAN B-UNIT

General Manager

: A.MASTAN RAO

Mill Manager

: D.SHESHAGIRI

Human Resources Department Manager: D.R.SHARMA
HR-Officer

: ASWATHAPPA

Administration Manager

: ABDUL GOUSE.K

Electrical engineering Dept Manager

: D.THAEYYNA (senior engineer)

Labor Welfare Officer

: D.R SHARMA

Training officer

: K.N.RAGESH

PRESIDENCY COLLEGE

33


POLICIES OF PRECOT MERIDIAN LIMITED B-UNIT:
 Any activity / employment that interferes with the performance or responsibility to the
company or is otherwise in conflict with or prejudicial to the company.
 Any possible violation of law, rules, regulations or the code of conduct has to be
reported to the Company Secretary
 Any information concerning the company’s business, its customers, suppliers and
other stakeholders which is not in the public domain and which they possess or have
access to, must be kept in strict confidence unless disclosure is authorized or becomes
a legal requirement.
 Company members shall not provide any information, either formally or informally, to
the press or any publicity media, unless specifically authorized.
 Company members must protect the company’s assets and should not use the
company’s assets or manpower or company-related information for their personal
purposes, unless approved by the Board (in the case of Directors) or the CMD (in the
case of Senior Management personnel).
 Board of directors or company members should not receive or offer, directly or
indirectly, any payments, gifts, donations, hospitality or comparable benefits which
are intended or perceived to influence any business favors

PRESIDENCY COLLEGE

34

Quality systems
The company is ISO 9001:2000 Certified and are in the process of implementing TQM &
TPM activity
Foundation laid in all the units by implementing '5S' methods of housekeeping and 3M
methods to control wastage of resources.
TPM is in progress in all units.

5s System:
5S Techniques are the foundation for any TQM system. 5S system improves workplace
housekeeping and helps industries maintain a clean and organized work place. 5S
Techniques have been implemented by several organizations as a part of their TQM
initiatives. It has 5 dimensions stated in Japanese starting with letter ‘S’ and it helps
companies maintain a better work place and eliminate ‘Wasted Efforts.’
SEIRI

: Sorting out items and clearing the unwanted ones.

SEITON

: Identifying and earmarking a place for every item and keeping
each item in its chosen place.

SEIKETSU : Standardizing work practices
SEISO

: Keeping the Work place, Machinery and Material clean

SHITSUKE : Establishing system for Training and Audit

Benefits of 5S:
Companies implementing 5S experience several benefits that lead to improved processes and
ultimately:
Reduced Set-up Times Reduced Cycle Times Increased Floor Space Lower Accident Rate
Less Wasted Labour Better Equipment Reliability

PRESIDENCY COLLEGE

35


PROCEDURES OF ORGANIZATION

PRESIDENCY COLLEGE

36


DEPARTMENTS OF THE COMPANY
HRD Department
Preparatory Department
Spinning Department
 Finishing & Packing Department

PRESIDENCY COLLEGE

37

HRD Department
Human Resource and Production departments are in B Unit of PreacotMeridian. B Units are
at Kodigerahalli, H.S.Mandir, Hindupur(post),Andra
Pradesh.Marketing and sales departments of Preacot Meridian are in corporate office.Corpor
ate office is situated at “Suprem” P.B No: 7161737, Pulikulam Road,Coimbatore-641
045.Corporate office deals with raw material purchase, testing, approval and allotment to
group mills. In addition to that finalization of sales contract, approval of productionplanning, policy decisions etc. are also taken at corporate office .Finance department is in
Unit A. Unit A is located at Kanjikode west, Palghat, Kerala

HRD

TRAINING DEPT

LEBOUR DEPT

HR DEPARTMENT
Induction is a technique by which a new employee is adjusted to the
changesurroundings and introduced to the practices, policies and purposes of theorganization
.It is a welcoming process, the idea is to welcome a new comer make him feel at home and
generate in him a feeling that this own job, however small is meaningful and has a
significance as a part of the total organization. The newcomer is explained what is expected
of him and for this he is explained the sales and regulations policies and procedures that
directly affect him. He is also briefed about.
1) Mill history and organization structure
2) Company quality policy
PRESIDENCY COLLEGE

38

3) Mill process and job guidelines
4) Role and duties, responsibilities
5) ISO system
6)5s

a) He is made aware of how his job hits into the overall operation of the organization, his
own duties and responsibilities and to who he should look for when he has problems. He is
then taken around the factory to show him the attendance procedures and other time
office formalities, canteen,
firstaid box, toilet, lockers, Quarters and other facilities. He will then beacquainted with the
public transport facilities available from his place
of residence to factory and oriel ACT, ESI, PF, Bonus, Workmencompensation maternity
benefits and gratuity.

b) Apart from the statutory benefits HRD department has to initiate welfare schemes like the
following: An induction program for workmen and staff consists of:
1) General orientation by the staff of HRD department.
2) Specific orientation by the job supervisor or divisional Head.
Employee role and Duties
1) He is responsible for the machine production for the shift.
2)He is responsible for keeping the machineries in good condition and cleans.
3) To stop the machine immediately when machine produces poor quality product and to
take initiative for correction.
4) to hand over his machine in good condition and to eliminate usable waste producing in the
shift.

Induction training/Refresher training
All the workers shall be given the above training. New trainees required shall be given
induction training. According to the training needs identified by their superiors, refresher
PRESIDENCY COLLEGE

39

training shall be given, job instruction to be followed indifferent departments to be
explained.

TRAINING
HRD department shall make necessary arrangements to provide training to all
employees based on the training needs identified by HOD’s and the training plan.
Periodical review of the training plan and evaluation of training also are to be done by HRD
department. Record of training provide also be maintained.

PERFORMANCE/POTENTIAL APPRAISAL
Performance/Potential shall be conducted periodically (once in 6 months).The
appraisal interview is to be done by the HOD in the presence of HRDO and the
employee shall be helped to-Set specific, measurable, achievable realistic and time bound
(SMART) goals.-Review the goals set for the past appraisal period.-Identity training
requirements and to evaluate the training provided.

PRESIDENCY COLLEGE

40

PRODUCTION DEPARTMENT

PRODUCTION DEPT

MACHINE C DEPT

MACHINE D DEPT

Production department is in central part of the company which are divided into two sectors C
M/c and D M/c units. C&D Units are processing machines which is process the raw
materials. Here raw material is converted into finished goods through various process. The
raw material ‘Bale’ is stored in two godowns, godown A and godown B. Blow room is a
room which is used to separate the waste from bale. The main wastes are
•Hair
•Jute
•Colour fiber
•Oil stained fiber
•Coir
•Cloth bits various machines are used to separate the waste from the bale. First the
employees clean bale as far as possible by them and then they put it into the machine
for further cleaning. From one machine bale is going to a number of machines. Here
machines are interconnected by each other. The machines are
•Blend met
•Metal detector
•Max flow
•Unimix
•Vetal csan
•Lottex

PRESIDENCY COLLEGE

41


PROCESS CHART OF PRECOT MERIDIAN B-UNIT

PRESIDENCY COLLEGE

42


Preparatory department

Carding
dept

Crosol
dept

PCB M/c
dept
Carding is the process in preparatory department. In this cotton will come through crosolpipe and turns to sliver. Sliver is a type of thread. There are ten crosol machines will work at
a time. The machines used in Preparatory department
•PCD Machine
PCD means Pre Comber Drawing Machine. In PCD four slivers joint together and become
one sliver. The time taken for this process is half an hour.
•Lap former machine
In this machine 24 slivers will be joining spool and make one lap and then lap is wrapped in
spool.
•Comber machine
Here 8 laps will become one sliver. The process is called Procuring process.
•Simplex machine
Placing 150 cans in simplex machine which turns to rowing (thread) and bobbing (one role
of thread).

PRESIDENCY COLLEGE

43


Spinning department

SPINNING DEPT

AUTO CORNER DEPT

YCP DEPT

In spinning department 24 machines are using for spinning process. In 1 machine1056 cops
are using. Cops are in different colours for different types of thread. The time taken for
spinning one batch of cop is 3.40 minutes.
Auto corner department
Under Auto corner department U-V Chamber is using to find out the defects in thread in
which is difficult to find out by the human eyes. In U-V Chamber Ultra Violet rays are using.
YCP (Yarn Conditioning plant)
Steam conditioning is doing under YCP. Before steam conditioning weight of one cone is
1.890 Kg. After steam conditioning the weight of one cone is increase to1.920 Kg. The time
taking for Yarn conditioning is 20 minutes.

PRESIDENCY COLLEGE

44


PACKING DEPARTMENT

PACKING DEPARTMENT

Local packing DEPT

Export packing DEPT

Here the finished goods (threads) are packing. There are 3 types of packing is doing in
packing department. They are
1. Local packing
2. Export packing
3. Palet packing Local packing is the packing of finished goods which is going to sell in
local market (domestically).Export packing is the packing of finished goods which is going
to sell in foreign market. In export packing one box contains 24 cones. The box weight is
in between 45.36 to 45.50Kg.In palet packing one box contains 432 cons. Its Net Weight is
756Kg and its gross weight is 805 Kg.

PRESIDENCY COLLEGE

45

FINANCIAL DEPARTMENT

HOD

2-Sr.ASSISTANTS

1- Jr.ASSISTANT
headSof finance department.

Finance manager or the accounts manager is the
As per
department chart he is followed by assistant manager, two senior office assistants and one
junior office assistants follow him.
Senior office assistants have different tasks to be performed as shown below in
responsibilities of personnel section. They are supposed to meet assistant manager for any
clarification and report to him.
Junior office assistants also have many responsibilities on their shoulders as shown in the
responsibilities of personnel section. They are also supposed to clarify their doubts and
report to HOD. He will in turn report to partners about functioning of the whole department.
The accounts funtion includes preparation and maintenance of financial record, fund
management, and expenses processing and tresury operation. Compliance ensures that every
action is within the regulatory framwork. The includes reviewing compliance requirments
and supporting the ethical framework of precot meridian Limited. Internal audit provides
assurance to the management over the organigation control framework and includes process
risk management, information security assessment and businessment continuity assessment.
Capital investment – 69500000
Appropriate annual income – 8100000
Tax amount – 206 lakhs
Fixed asset – 5350.91 lakh
Production overhead – 1913.85 lakh
Administrative overhead – 1540.33 lakh
Selling overhead – 1822.34 lakh
PRESIDENCY COLLEGE

46


CHAPTER IV
SWOT ANALYSIS/VISION, MISSION, GOALS AND
OBJECTIVES.

PRESIDENCY COLLEGE

47


SWOT ANALYSIS

PRESIDENCY COLLEGE

48

VISION:
To be a Company recognized for its art of Textile and best business practices
MISSION:
“To systematically train, develop and monitor employees to be a global leader in the
Manufacture of quality yarn and fabrics.”


Manufacturing of yarn and fabrics as per the customers' requirements and market
demand.



Exploring the global market with special emphasis on Belgium, China, Italy, Turkey
and Fareast.



Keeping pace with the rapidly changing technology by continuously balancing,
modernization and replacement of plant and machinery.



Enhancing the profitability by improved efficiency and cost controls.



Recruiting, developing, motivating and retaining the personnel having exceptional
ability and dedication by providing them good working conditions, performance based
compensation, attractive benefit program and opportunity for growth.



Protecting the environment and contributing towards the economics strength of the
country function as a good corporate citizen.

OBJECTIVES:
 To attain global best practices and become a world-class utility.
 To provide uninterrupted, affordable, quality, reliable and clean power to the
customers.
 To achieve excellence in service, quality, reliability, safety and customer care.
 To work with vigor, dedication and innovation.
 To consistently achieve high growth with the highest levels of productivity.

PRESIDENCY COLLEGE

49


GOALS
 Building and sustaining leadership position across its product categories in the
domestic markets
 Pursuing attractive export opportunities
 Implementing backward vertical integration
 Improving its technology
 Focusing on prudent financial management

PRESIDENCY COLLEGE

50


CHAPTER V
FINDINGS , SUGGESTIONS AND CONCLUSION

PRESIDENCY COLLEGE

51


FINDINGS
 The Precot Meridian B-Unit is encouraging the participation of women employees from
its inception time itself.
 Most of employees are giving less importance to self-health care.
 The Precot Meridian B-Unit management has been well structured.
 Precot Meridian B-Units HRD has been well organized the organization of mill
 Mill workers are feel that company can take more suggestions from them
 Work environment is very good for 26% of the total workers; it is satisfactory for 64% of
workers and bad for only 10% the total workers.
 The relationship of the workers with their superior is excellent for 48% of the workers;
good for 52% of the workers and there is no bad relations in the company.

PRESIDENCY COLLEGE

52


SUGGESTIONS

 The company should provide safety and health measures and leave facilities based on
the needs of the employees and organizational requirements.
 The company should provide hygienic working conditions for the workers in the
organization
 The management should concentrate on selection procedure while selecting the
employees by testing them thoroughly regarding their aspirations, value system,
responsibility and sensitiveness.
 The management should provide transportation, high wage and allowances based on
the organizational financial position.
 The company should Offered the attendance bonus and inducements and provides the
leave facilities based on the needs of the employees and organizational requirements.

 The management should concentrate on the export

 The management should concentrate on rising price of raw material

 The management should concentrate on providing the cordial human relation and
industrial relations

PRESIDENCY COLLEGE

53


CONCLUSION
Undertaking a project in an organization which is very new to us is quite a difficult task. Still
thus during the project, it brought into light many unknown, unseen and ignored aspects of
PRECOT MERIDIAN LIMITED “B Unit”
It has been a good experience an indeed privilege in undertaking the project in the precot
meridian limited. As the main unit of the all Department is good and all the needs of the
workers are being taken care of and as they strictly follow rules and regulations, and Health
&

Safety.

The people in the Organization gave all necessary information required for myOrganizationa
l study. They also helped me to understand the various departmental activities in a very short
span of time. I hope that this report will provide a clear picture of the Company and the
various departmental functions. I strongly believe that the organization will surely achieve its
mission, vision and objectives.I really wish from the core of my heart for the organizations
bright future and I really wish to work for the organization in future.

PRESIDENCY COLLEGE

54


BIBLIOGRAPHY

PRESIDENCY COLLEGE

55


BIBLIOGRAPHY

The information is collected from D.R. SHARMA, Human Resource Department Manager
Aswathappa, Human Resources officer of “Precot Meridian limited B-Unit”

www.google.com
www.indiamart.com
www.precot.com
www.simamills.com

PRESIDENCY COLLEGE

56

Precot meridian limited

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

En vedette

En vedette (20)

Similaire à Precot meridian limited

Similaire à Precot meridian limited (20)

Dernier

Dernier (20)

Precot meridian limited