Precot meridian limited

PRECOT MERIDIAN LIMITED

PRESIDENCY COLLEGE 1

INTRODUCTION



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



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



TEXTILE EXPORT



0%

10%

20%

30%

40%

50%

60%

70%

80%

CONSUMERS WORLD WIDE PREFER COTTON



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.



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.



CHAPTER I

COMPANY PROFILE



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



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



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.



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 schedules through a

committed work force and high

productivity

Customer Service through a well

connected marketing and after- sales

network



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,

approval and a l lotment to g roup mi l l s . In addi t ion to that

f inal i zat ion of sa les 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

7days in a week and Spinning Hosiery yarns , warp and weft

yarns and doubled 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.Present sp indlage of the uni t i s 24720 company p

roduces yarn ranging between 20s Ne to 40s Ne in both 100% Cotton

Combed varieties to suit different end uses . At present the yarn

produced f rom the mi l i s being widely used fo 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



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)

MIL is an another group o f companies under PRECOT MILLS

group 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. Raw-

material: 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



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



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 20

Additional Facilities 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



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



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



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)



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



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 . Company shal l extent loan fo r the educat ion of the s taf f and the

payment of capital fee if any for the children of the staff.

b . The loan amount shal l be 75% of the tu i t ion fees/capi ta t ion fee sub ject

to 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 . Secur i ty: There wi l l be no secur i ty for the above loan . However , before

the disbursement of the loan a consent letter from the employee confirming that at the

t i m e o f h i s / h e r l e a v i n g t h e c o m p a n y , t h e o u t s t a n d i n g l o a n a m o u n t

c o u l d b e recovered from the dues that may be payable to him/her.



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 the employee i s not sa t i s f ied wi th reply he can approach the HOD

and 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 prescr ibed format in order to access the funct ioning s t rengths , l imi ta t i

ons anddevelopmental 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.



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 required to

complete the fo rmat and cla r i f icat ions i f any shal l be made by the 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



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.



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 eco-

friendly 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.



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.



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.



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



Chapter II

ORGANISATIONAL STRUCTURE



ORGANIZATION STRUCTURE [HIERARCHY]

LWO – Labor Welfare Officer

GENERAL MANAGER

MILL MANAGER HRD-M ADMINISTRATION MANAGER

TRAINING OFFICER HRD-OFFICER LWO

ASSISTANT HR-OFFICER

DY.HR.OFFICE SECURITY CANTEEN



CHAPTER III

FUNCTIONAL AREAS (DIVISIONS)



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



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



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



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



PROCEDURES OF ORGANIZATION



DEPARTMENTS OF THE COMPANY

HRD Department

Preparatory Department

Spinning Department

Finishing & Packing Department



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 production-

planning, policy decisions etc. are also taken at corporate office .Finance department is in

Unit A. Unit A is located at Kanjikode west, Palghat, Kerala

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

HRD

TRAINING DEPT LEBOUR DEPT



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



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.



PRODUCTION DEPARTMENT

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

PRODUCTION DEPT

MACHINE C DEPT MACHINE D DEPT



PROCESS CHART OF PRECOT MERIDIAN B-UNIT



Preparatory department

Carding is the process in preparatory department. In this cotton will come through crosol-

pipe 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).

PCB M/c

dept

Carding

dept

Crosol

dept



Spinning department

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.

SPINNING DEPT

AUTO CORNER DEPT YCP DEPT



PACKING DEPARTMENT

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.

PACKING DEPARTMENT

Local packing DEPT Export packing DEPT



FINANCIAL DEPARTMENT

Finance manager or the accounts manager is the head of finance department. 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

HOD

2-Sr.ASSISTANTS 1- Jr.ASSISTANT

S



CHAPTER IV

SWOT ANALYSIS/VISION, MISSION, GOALS AND

OBJECTIVES.



SWOT ANALYSIS



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.



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



CHAPTER V

FINDINGS , SUGGESTIONS AND CONCLUSION



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.



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



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.



BIBLIOGRAPHY



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

http://www.google.com/

http://www.indiamart.com/

http://www.precot.com/

http://www.simamills.com/

Precot meridian limited

Education

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