Indian Rayon & Industries Ltd. History
Indian Rayon & Industries Ltd. History
The Late Prime Minister Shri Lal Bahadur Shashtri Said the foundation stone of Indian Rayon and Industries Ltd. on 21st June 1959 It was Incorporated on the 26th September 1956 Feb 1958. The Inauguration of the company was done by an American Ambassador Mr. [Link] on 13th April 1963 & on the same day company took its tail production. Shri Morarji Vaddya one of the leading industrialists of Gujarat with a view to manufactures VI scone Filament year (VFY) in collaboration with von-icohon international of U.S.A started this own. Only a sick company and virtually on the verge of closure was taken over by shri Aditya Vikram Birla in 1966. Who believed in consolidations, expansion and diversification. Because of his belief and sincerity towards his work the company has not only turned orotund but has also made up a strong market position today. By 1975 the jay a shrew textiles lad merged with Indian Rayon. The Indian Rayon & Industries Ltd. & public Ltd. Company. The foundation stone of Indian Rayon and industries Ltd was laid by our late prime minister shri lal Bahadur Shashri and the American Ambassador to India Mr. Willibirth Indian Rayon industries Ltd. Situated at sea costs (Arabian) was established by [Link] veddya in 1956 with the prospect of manufacturing viscose filament rayon yarn as its man products on salpheric acid & carbon -disulphide. The under the companies act 1956 & the company was given the commencement certificate on 13th
IRIL infield technical collaboration form Ms. Van kohorn international competitions of U.S.A. Indian Rayon and industries Ltd. Celebrates its 39th anniversary in the year 1995 at this occasion it would be parliament to assess the operation of the co right form its beginning on 26th Sep.1956. The company has come out as the leading competition in the artificial textile market whose demand is expending by lead and bounds. This unit was first belongs to vidya group then now in belong to birla group. Following the trial production in 1963 The commercial production of the company . being with stones per day in 1964. As a result of result of strike and chaos with in the unit the present ingot is Birla group look over the co. In the town the production capacities and operating efficiency of the plant improved steadily. The daily production of Rayon yarn has increased to 32 NT Indian Rayon and industries Ltd. has expansion plant too until the year 1987. The name of the Co. was " Indian Rayon & Corporation private Ltd " but to expansion it became " Indian Rayon & Corporation private Ltd " after that the company is paying dividend regularly to their shareholders. Company was incorporated under company Act 26/09/1956 Business commencement certificate 13/02/1956 Regular production 27/09/1966 Take over by Late shri Aditya Birla 18/10/1966 Corporation Ltd. to industries Ltd. in 23/01/1987 Before some years company has been awarded the prestigious ISO 9002, Certification. That means of ISO is " Information Organization for standardization ".
The head office of ISO is Geneva, there are all members of this certificate and Indian Rayon is one of them. Indian Rayon is public Ltd. Company this Company was incorporated on 26th Sep 1956. Under the Company Act 1956 & they have issued a public issued.
Major function undertaken by IR&IL Co. Regular Checking of set parameters Checking individual Checking of abnormality in the problem Highlighting the valuation form the set operating
Procedures Parameters
Technical sales
Regular market visits to meet consumer's demand. Regular comparison of yarn quality & physical properties of other Manufactures Checking and suggestion to claimant market complains
Improvement call
Analysis of breakdown and stoppage of process. Suggesting for improvement in existing operational system for Batter plant control. To carry out study on specific problem/defect and Suggest their Steps. To develop different shades /product for sales Promotion. IR&IL Co. (Unit of Adity Birla Novo Ltd.) Has received occupation health & safty Assessment series.18001-2000 (OH&AS) Certificate & it is the first company to receive ISO 9002 certificate in Rayon Industry in Nation. It has also received 14001-environment certificate.
Financial Management
The management of the finance of a business or organization is in order to achieve financial objective. IR&TL Co. have separate department for circuiting finical actives. It also provides practical knowledge for future managerial foundation in the field of finance and all over the management. Taking a commercial business as the most common organizational factor, the key objectives of financial management would be to: Create wealth for the business. Generate cash
Provide and adequate return on [Link] in Mined the risks that the business in taking and the Resources invested. There are three key elements to the process of financial management. (1) Financial planning. (2) Financial controlling. (3) Financial decision making.
Financial planning
Financial planning in one of the most aspects of financial managers job. The sakes of an organization always depends up on the proper planning refers to make plan about finance that how much money is recoiled and how it is collected. Financial management has to make for capital investment and also for working capital for the ensuring year. The financial planning is the responsibility of the top management. It is also essential that each financial [Link] carefully planned any action as the success of failure of the form depends totally on it. IRIL have the task of financial planning is divided in to three parts :-
requirement of the form its capital expenditure permanents short forms Nat in flow and out flow.
finance plan. This level is generally concerned with the listing and calculating of out flow.
calculation of out flow of the company. The whole process at this level is divided in to two parts. 1. Cash in flow 2. Cash out flow. In Indian Rayon & Industries Ltd. Unit's financial diction are very crucial head offices of Mumbai plan for project of the company.
Financial Control
Financial control is a critically important activity to help the business ensure that the business is meeting its obey. In the financial management after done financial planning most imp elements is financial control that means how to control all the cost which will occur during financial planning and also business process related too working capital which is important element of any co. In the inventory management there are goods products according to market demand, means demand equal supply.
How to control companies expenses during miffing process Company have lots of expenses during Mifflin financial year such as stationary, printing, cartage ,inward carriage ,outward carriage ,row material cost of processing for row material to finished good self. There are some expenses such as rent, interest, and commission to dealer during purchasing or selling of the goods. In the Indian Rayon & industries Limited (IR&IL) company is basically manufacturing of (viscose filament yarn) chemical such as liquid or and also power plant that produced power for Indian Rayon & industries Limited (IR&IL) & most recently introduced caustic soda plan which division is separate office and very wild rang of future prospect soon these new emerging products in India as well as world. Controlling essential for any of co. because it is affected directly to the company's revenue profit as well as net profit expenses etc.
Executive president and vice president are responsible for over all result of finance activities of department in the company. The company is having line type of organization in the finance department.
Capitalization
Capitalization means the total amount of company's capital or value of it's capital stock. The total amount of Co.'s capital should be enough to meet its present and future nads.
Leverage
The employment of andantes the firm has to pay a fixed cost or fixed return is premed of leverage. There are two type of leverage:-
Capital Budgeting
The system of capital budgeting is employed to evaluated expenditure decisions that involve current outlays but are likely to produce benefits over a period of time longer than one year. Capital budgeting decision it a long term's decision to invest its current funds most effectively in long term activities in anticipation of an expected how of future benefit over a secures of year. This co. always aims to increase and expands the installed capacity of Rayon yearn
products. It constantly series for it and success. It present the installed capacity of the plant is 35 tones a day. -: There are various method of capital budgeting: -
Internal rate of return Average rate of return Profitability index Pay basic period Net present value
Average rate of return: - Average Annual Income 100 Average Internet
Cash Management
Generally
any
organization
transaction motive, precaution motive, speculative motive, and compensating motive. The IR&IL Co. holders the cash only the transaction motive. It holds the cash for smoothing the day-to-day operation only. If there is surplus of cash in the Co. It is transferred to the CFD while it there is deficit of the cash in the org. It borrows it form the CFD and also decision regarding the investment of cash in to marketable security is done through the CFD only. Cash collection balance Cash distribution Optimum cash
Current Assents
Current Liabilities
Gross working capital or cross working capital is same and also means total current assets. Net working capital is the amount of working capital means difference between the current assets and current liabilities.
Company Profile
Indian Rayon and Industries Ltd. is a 1600 co. Multi product and multi locations industrial (Conglomerate) a part of Birla industrial group. The organization of a long illustrious and magnificent legacy spread over a period of 125 year. The organization is consolidating its position under the chairmanship of Shri Kumar Mangalam Birla . Indian Rayon & industries Limited. (IR&IL) a Rs.15.95 billion Adity Birla Group Company, operates a wide rang of business. It focus arcs are viscose filament yearn, carbon black, branded apparels textile and insulators. Over the past three year. IR&IL has made successful forays in to surname software and business process outsoverking (BPO), striking a balance between manufacturing brands and services.
The largest branded Apparel Company in India. The second largest producer of carbon black in
India.
Business Summary
The Rayon division is one of the 12th divisions of India Rayon located in Veraval in Gujarat. The main product of the Rayon division is the viscose filament yarn apart form chemical like sulfuric acid, carbon, disulfide which are both consumed in-house and sold. Incorporated in 1956 by Morarji [Link] for the production of Rayon filament yarn, Indian Rayon & Industries was take over by Adity Birla In 1976, it was merged with Jayshree textiles & Industries, which owned three textile units and an insulator unit. Indian Rayon and Industries Limited flagship company of the Aditya Birla Group, is among
India's top 25 corporations with turnover of over Rs. 15 billion. Indian Rayon is a leader in its key businesses viscous filament yarn, carbon black , insulator & braned apparels , both in Indian & internationally.
Historical Perspective
The eternal land popularly called prabash kshetra, the outer ledge of Veraval, which has a religious radius of approximately 5.5 Kms. which envelops Lord Somnath (The 1st Jyotirlinga) , the Bhalka Tirtha, (eternal submergence of Lord Krishna into 5 elements) and Triveni submergence of river with sell myth logically believed still take a clipping the holly water of river suraswati at Triveni.
Quarter
room , kitchen for administrator and executive officer as a nominal pay rent Rs . 100 , staff pay Rs. 70. Bachelor hostel with 74 room for 127 bachelors equipped with canteen mess & common room.
1993 for the benefits of working and these families. The facility includes games like volleyball, tennis, carom, and chess, reading room and library for ladies embroider and failing classes are conducted as a continuous activity.
activities it is managed by company through a full time pujari. It is one of the popular land maric and religious spot in Veraval.
School Facility:
Both science and commerce up to 12th standard affiliated with Gujarat Board Approximate number of student every year. In the year 2000 45.50 % of the student are employer children. Hindi Medium: - First Hindi medium school in the district four years back established up grade by one standard every year 50% of the tuition for is re imbrued by the company for employers children. Aditya (CBSE) Board School Bonus and Gratuity:- Each and every employers of IR&IL have been provided provident fund 12% form salaries and 12% form companies own. Company provide well bonus minimum 8.33%and maxi 20% worker get less than 1000 Rs. Salary /wages .He also gets bonus after completing 5year services .He can get gratuity and 15 days wages for 1 year service.
facility for its workers and staff. We found there are delicious snacks dishes for employers and workers at a very low rate.
workers working in chemical and spinning department. The milk is purchased form junagadh Dairy.
Financial and Accounting Business activity can be divided in to two : Profit Motive Activity. Non Profit Motive Actively.
Profit making activity can be of trading nature and also of manufacturing activity, where's Non-profit motive activity is always of service rendering where the service is main moto. The parcel of any profit motive manufacturing activity are 4-M . These 4-M are
Financial mgmt is closely related to other wares of mgmt. I.e. production sales , personnel almost all business activities in organization directly or indirectly involve the acquisition and use of funds.
holders.
risk but more costly higher dividend expectation of share The dividend paid to share holders is not deductible expenses under the income tax.
Debenture Funds: This source of finance is comparatively cheaper but it is of high risk. The interest of debenture fund's is fixed and the same is also deductible expenses under the income tax act. There four its cost is lower than cost of share holders funds. Risk is higher :because of [Link] are to be paid back to the holders after certain period of time irrespective of solvency of paying back capacity of do. (B) Effective Utilization of Funds (1) First of all funds should be properly used. (2) Secondly long term funds should be utilized for procuring long term assets where as short-term funds utilized for proceeding short term assets i.e. working capital. (3) Thirdly no funds should be kept idee here funds does not mean only cash but it also covers other form of cash i.e. (4) Finale funds utilization should be planned in such a manner that it generates income higher than its cost of procurement so that there is margin of profit/gin in running of the business.
Debit what comes in & credit what goes out. Debit all expenses & credit all incomes & gains Debit the receiver & credit the giver
Tourney entries
Transactions do Esselte can be bank accounts are routed through tourney entries.
Sale entries Purchase entries ledger Posting of the entries Trial balance
Financial Statement
The objective do financial statement is to provide inframaten about the financial position performance & changes in financial position of an enterprise this financial sternest are used to wade range of potential users in making economic classes. Classified in: 1. p&l A/c 2. Balancesheet
P&L A/c is far the year ended 30th june 1990 Balancesheet It shows the state ad affairs the co. as a particular
date.
Managecturing Process (A) Viscose Section: The process & curried out in the alkali cellulose i.e.
Mixing as wood put up with Naoh.
removed is removed by pressing & slurry in the farm of Mat is received. Cellulose Alkali Water 34 % 15.5 % 50 %
Carbonate 0.5 to 0.55 % (D) Shredding:- Shredding process in geese the statue of the a/c. Meet ensues the next stage of caging & to be rapid an uniform. In this process met is out in to small pieces by three roller rotting at different speed & each of them is attached with a lingering wire which outs the matt form the shredder a/c pieces are carried maturing run by conveyer belt. (E) Maturing:- Maturing is the necessary process to decrease the degree of polymerization form 1400 monomer units to 600 monomer units of alkali cellulose by the effects of temperature & time casing to facilitate xzcinnthdtwn study. In this process the maturing drums used is of 70 feet long & 9 feet diameter. This cylindrical vessel is rattan at a speed of 193 rpm it is inclined a 3degree to horizontal to felicitate a/c slow. The stock of ac in the drum remains about 25000kgs. (F) Xanthdtion:- This is the main reaction carried out During viscose production. There are roam xdntnation equipped wise agitators & de vacated though which cold water is (irrupted to control the rout temperature xanthdtion is carried out under
vacuum dumping the butt in the dissever xanthante is headed with soft water & then it is dried with air.
(G) Dissolving:- In this stage viscose is untamed by Eight dissolve vessels where are equipped with drifter which makes viscose uniformed. The dissolving time is 3 hrs. The tern is controlled to maintain ripening index(r-s) from the dissever viscose which is transferred to ripeness room. (H) Ripening: - In ripening viscose is filtered though Different filters. It is Necessary process to remove the imparities before sending the viscose solution to spinning section. (I) Spin Bath Section:- spin bath is quality section to Spinning Rayon yarn. Spin bath is an important constituent for the viscose to be re-generated in to cellulose. The main composition of the bath solution is sulfuric acid (H2SO4)& sodium hydroxide (NAOH) other composition constitutes the Znso4, Na2so4 temperature etc. Which construe the spin bath salutation & the sodium sulfate (Na2so4) is receive as a by-product. Spin bath solution transferee to spinning section by totals six drums out of which two of them. One is old spin bath dept. unlade after four are in new spin bath dept.
yarn .The viscose is then passed to the spinning department the consolation & regeneration is the abide thins which is done here. In the spinning dept. the chemical solution is being brought form spin bath. In spin bath section the spin bath solution is mae the solution lanterns. 1. Sulfuric Acid 2. Zinc Sulfate 3. Sodium Sulfate = H2SO4 = Znso4 = Na2so4
Spinning is one of the most imp part of the industries, where the thrall makings Gordian is done know as spinning firsts the viscose is passed through the -inches pipe to the spinning section. Viscose temperature is around 25 degree centigrade.
1. Conversion of wood cellulose in to alkali cellulose Mixing of woodpile with NaOh 2. Conversion of alkaline cellulose in to sodium Cellulose xanthate 3. Conversion of sodium cellulose xanthate in to viscose.
Center
Ahmedabad Amritsur Banglor Belgium Mumbai Calcutta Delhi Panipat Pundichery Surat Varansi Veraval
Banks
Canera Bank UBI Canera Bank Canara Bank UBI City Bank UBI Canara Bank Canara Bank UBI UBI UBI
At present cone are packed in cardboard boxes. Then the cartoons which are filled by inspection side; helpers are brought to the weighing balance where the weight is balance as per per-determined std. After that a computer packing slip made various necessary details is paste on cartoon second is kept inside the cartoon & third is kept par re and purpose. After that the cartoons are stepped with Polly propylene type. Finally B.O.P.P adhesive tape is applied at the joint of top flaps of cartoons. These fully packed & seal cartoons are sent to bonded stares room (B.S.R) for sales department to be dispatch. The packing slip is having following details. Name of parts. Date of packing Quality grade and weight Registered Trademark of the Co. The Color of cones a handle Deniers
Green tech safety excellence award. Green tech environment excellence silver award for
OHSAS 15001 & SA 8000 certification. Energy efficient unit excellence award form CII for
Caustic plant for the year 2004.
Gobar Gas Plant. Scholarship, adult education, balwadi etc. Provide distance to buy agriculture inputs to help on
buying.
Information of Organization
IRIL is a group of companies with their registered office at Veraval. Indian Rayon division is one of the groups of coheaded by Birla group & was its head office in Mumbai. Business principles & strong professional mgmt. Today it is considered as one of the twenty largest Pvt. Sector companies, in the country. The Rayon division started its commercial production as viscose filaments yearn as varying quality besides. The plant also produces sulfuric acid (98%) Anhydrous sodium sulfate & carbon DI-sulfate as a by-product the products are also expected. The org has different departments like viscose , after treatment , daily report, share a/c, purchase, spin bath, packing, textile, sales, laboratory , computer etc. Other Activities
It adds attractiveness to the products. Above two factors will lead to better market standing
& Name as the yarn.
CCR Conning Inspection/Packing section Maintenance. Land Mark Company was incorporated under the CO's
Act.26/9/1956
Business commencement certificate 13/2/1958 Foundation stone clatter their Lal Bahadur Shastri
21/6/1959
Ambassador 13/3/1963
Trial production 13/3/1963 Commercial production 22/10/1963 Regular production 27/9/1966 Take over by Late Shri Aditya Vikram Birla
18/10/1966
Corporation Ltd. to industries Ltd. 13/1/1987 Milestone 2001:- Broomfield expansion Os 40,000 TPA
completed at Hi-tech carbon , taking total to 84000 TPA
2002:- Pass date acquires Birla technologies Ltd. 2003:- Joint venture with NGK Os Joplin Birla NGK
insulators Pvt. Ltd. - ........ on 6th Feb. 2002, effect form 1st Aug.2002 entry in to business process outgunning with the of a leading industry BPO Co. mddura garments SGF sense a revolutionary denim brand targeted at the yonger generation.
Group co. Grasim as a part of percent bulginess consolidation commences at Hi-tech carbons second chennai.
1981:- Indian Rayon enters clement business 1976:- Jayshree textiles & industries Ltd. active in
textile an insulation is merge with IR corporation Ltd.
Indian Rayon Ltd. yarn in global market and for creating a new brand image our product was given a new brand name "Ray One" Shri [Link] , executive president launched the new brand name & logo during the customer visit in future our product will be marketed under the brand name of " Ray One" following by the line.
training for permanent new & badli worker company gives training by 1. Class room disquisition. 2. Training by supervision. 3. By the way of film projector. 4. By inviting person from outside.
Customer requirement need gap analysis. Strategic planning and budgeting. Production delivery alignment. Systems improvements. Customer satisfaction assessment. Internal customer supplier relationship assessment. Review mechanism. Action Plan Periodic market visits. Strengthening relations with buyers direct sales. Reducing distant sales. Reduced credit days encouraging cash sales. Minimizing inventories. Better co-ordination with co-producers. Dedicated transporters. Effective utilization of toner charge. Optimize hydrogen utilization.
Induction training. Training Job rotation. Potential appraisal and development. Career planning and development. Self-renewal and institution building exercise. Stress audit & stress management. Personal growth laboratories & worker
Education programs.
Org development exercise. Quality circles. Task forces. Weekly & monthly meeting. Managerial learning networks. Other unconventional development exercises.
To became cost effective in all operations. To meet all customers need to their delight
through quality product and services.
Goal of the Unit The unit is committed quality of work and quality of
system :- It aims at achieves highest excellence as world class manufacturing company.
The Aditya Birla Group is the world's Best Unit Largest producer of viscose staple. Largest signal location retina of polemic. Third Largest producers of insulators. In India it is the largest producer of viscose filament
yarn.
3E
1. Excellence [Link] [Link] intelligence
5 "S" Concepts "S" Seirt : Short out unnecessary item in the work place and discard them.
"S" Seition: Arrange necessary items in good order so that they can be easily picked for use. "S" Seiso : Clean and maintain work place so that there is no dust and dirty "S" Seiketso: Standardize the work procedure for every thing we do. "S" Shitsore : Develop a habit of doing right things as standardize implementation of 5"S" As a result of 5"S" We are able to achieve Improvement of Quality cleanliness Attitude Action
Improve Qulity
Health
Discipline
Producation
Principle of 5"S" The famous principle of 5"S" a concept infiated in Japan has spread like wild [Link] being Implemented not only
in shop floors but in offices too. Systematic step wise Implementation of 5"S" contributes to a great extent in maintaining qyality of products and services elimination waste and enhancing health and safety of employers enchanting equipment performance And overall productivity deals in equipment restoration have omen down due to quick access to tools and spares retrieval of information has also come faster enabling speed in customer service. About IRIL B= Bench Markal I= Innovation R= Reliable L= Learning A= Adapt Table