mba mini project by tushar n. chole
DESCRIPTION
MBA mini project on TTK prestige Project copy to help Students in their StudyTRANSCRIPT
© MGM-IOM/ Mini Project/ 2012
A MINI PROJECT REPORT
ON
TTK Prestige
By
Tushar Narayan Chole
© MGM-IOM/ Mini Project/ 2012 Page 1
© MGM-IOM/ Mini Project/ 2012
A MINI PROJECT REPORT
ON
TTK Prestige
In Partial fulfillment of
Requirements for the award of degree of
MASTER OF BUSINESS ADMINISTRATION (MBA)
Of
Dr. B.A.M. University, Aurangabad
Submitted By
Tushar Narayan Chole
Roll No.: R12008
Division: A
Semester-I (2012-13)
MGM’s
Institute of Management (IOM), CIDCO, Aurangabad (MS)
© MGM-IOM/ Mini Project/ 2012 Page 2
© MGM-IOM/ Mini Project/ 2012
DECLARATION
I, undersigned, hereby declare that the mini project
report on TTK Prestige submitted to the MGM’s Institute
of Management, CIDCO, Aurangabad. It is my original
work & the conclusions drawn there in are based on the
data & material collected by myself.
Date: - 25 October 2012
Place: - Aurangabad.
Tushar Narayan Chole
Roll no.R12008 Division: A
© MGM-IOM/ Mini Project/ 2012 Page 3
© MGM-IOM/ Mini Project/ 2012
ACKNOWLEDGMENT
My deepest thanks to Lecturer Ms. Bhakti Banwaskar the Guide of the project for guiding and correcting various documents of mine with attention and care. She has taken pain to go through the project and make necessary correction as and when needed.
I also express my thanks to the Dean of, MGM’s Institute of Management Mr.Saha G.G. Who gave me the golden opportunity to do this wonderful project on the TTK Prestige which also helped me in doing a lot of Research and i came to know about so many new things I am really thankful to them.
Secondly i would also like to thank my parents and friends who helped me a lot in finishing this project within the limited time.
I am making this project not only for marks but to also increase my knowledge. THANKS AGAIN TO ALL WHO HELPED ME.
© MGM-IOM/ Mini Project/ 2012 Page 4
© MGM-IOM/ Mini Project/ 2012
MGM’s
Institute of Management (IOM),
CIDCO, Aurangabad (MS)
CERTIFICATE
This is to certify that the mini project report on TTK
Prestige submitted by Tushar Narayan Chole is the
result of his original research work completed under our
supervision. To the best of our knowledge & belief the
work embodied in this project report has not formed
earlier the basis for the award of any degree or similar
title of this for any other examining body.
Project Guide Dean-Academics Director
© MGM-IOM/ Mini Project/ 2012 Page 5
© MGM-IOM/ Mini Project/ 2012
Ms. Bhakti Banwaskar Mr.Saha G.G. Dr. Pardeep
Kumar
© MGM-IOM/ Mini Project/ 2012 Page 6
© MGM-IOM/ Mini Project/ 2012
INDEX
TOPIC NAME PAGE NO
PART 1- PROFILE OF COMPANY 6-9
PART 2- ANALYSIS & STATISTICS 10
PRODUCTION STATISTICS 10-12
FINANCIAL ANALYSIS 13-14
HUMAN RESOURCE MANAGEMENT 15
MARKETING STATISTICS 16-18
FINANCIAL STATISTICS 19
BIBLIOGRAPHY 20
© MGM-IOM/ Mini Project/ 2012 Page 7
© MGM-IOM/ Mini Project/ 2012
PROFILE OF COMPANY
Name : TTK Prestige
Year of establishment of company: 1928 Commencement: It was in the year 1928 that T T Krishnamachari, the first finance minister of India. Founded TTK Prestige, one of the oldest business houses in the country today. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world.
Location:
REGISTERED OFFICE & WORKSPlot No. 38, SIPCOT Industrial ComplexHosur - 635 126, Tamil Nadu.
CORPORATE OFFICE11th Floor, Brigade Towers135, Brigade Road
Bengaluru - 560 025.FACTORIES82 & 85, SIPCOT Industrial ComplexHosur - 635 126
Tamil Nadu.SF-234/1, Pollachi RoadMyleripalayam VillageCoimbatore - 641 032
Tamil Nadu.Plot No. 1A & 2Dev Bhoomi Industrial EstateRoorkee - 247 667Uttarakhand
BRANCHESAhmedabad, Bengaluru, Chandigarh, Chennai, Cuttack, Delhi, Dehradun, Ernakulam, Ghaziabad, Goa, Gurgaon, Guwahati, Hubli, Hyderabad, Indore, Jaipur, Jamshedpur, Kolkatta, Lucknow, Ludhiana, Mumbai, Patna, Pune, Raipur, Trichy & Vijayawada
© MGM-IOM/ Mini Project/ 2012 Page 8
© MGM-IOM/ Mini Project/ 2012
TTK Prestige Products:
Nonstick Cook Wears Mixture Grinder Sandwich ,Griller Toaster
Cookers Gas Stoves Electric Rice Cooker
Electrical Home Appliances Indection Cook Tops Electrical Conseel Cattles Pop Up Toaster
Filter Coffee,Expresso Coffee Machine
Coockers TTK prestige hand blanders
© MGM-IOM/ Mini Project/ 2012 Page 9
© MGM-IOM/ Mini Project/ 2012
Organization structure:
© MGM-IOM/ Mini Project/ 2012 Page 10
© MGM-IOM/ Mini Project/ 2012
Board of Director:
Executive ChairmanShri. T.T. Jagannathan
Vice ChairmanShri. T.T. Raghunathan
Managing DirectorShri. S. Ravichandran
DirectorShri. Ajay I. Thakore
DirectorShri. R. Srinivasan
DirectorDr. (Mrs.) Latha Jagannathan
DirectorDr. (Mrs.) Vandana R. Walvekar
DirectorShri. Dileep Kumar Krishnaswamy
DirectorShri. Arun K. Thiagarajan
Director & Whole-time SecretaryShri. K. Shankaran -
Vision:
The Company envisions being a dominant global player in the Pressure Cooker category and the leading Branded Player in the Domestic Kitchen and Kitchen Appliances segment in the Indian Market and thus occupying a place of pride in the Indian Kitchens. This shall be achieved through Customer Centric Processes, People Development and Operational Excellence
Mission:
The basic mission of the Company is “Quality Consumer Products at affordable prices” and in the process delivering long-term value to all stakeholders in the Company.
© MGM-IOM/ Mini Project/ 2012 Page 11
© MGM-IOM/ Mini Project/ 2012
Analysis & Statistics
PRODUCTION STATISTICS:
Last 5 years in turnover and analysis:
Yearly Results of TTK Prestige------------------- in Rs. Cr. -------------------
MAR '12 MAR '11 MAR '10 MAR '09 MAR '08
Sales Turnover 1,103.43 763.57 507.94 401.28 325.94
RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2008
© MGM-IOM/ Mini Project/ 2012 Page 12
© MGM-IOM/ Mini Project/ 2012
Product Name Unit Quantity ValueOthers Not Applicable NA 116.50Aluminium Metric Tonnes 2,950 47.29Stainless Steel Metric Tonnes 593 11.11
Total 174.90 Raw materials:
RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2009Product Name Unit Quantity ValueOthers Not Applicable NA 161.98Aluminium Metric Tonnes 2,967 48.81Stainless Steel Metric Tonnes 476 8.05
Total 218.84
RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2010Product Name Unit Quantity ValueOthers Not Applicable NA 72.90Aluminium Metric Tonnes 3,431 44.36Stainless Steel Metric Tonnes 550 7.32
Total 124.58
RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2011Product Name Unit Quantity ValueOthers Not Reported NA 105.20Aluminium Metric Tonnes 4,391 69.12
© MGM-IOM/ Mini Project/ 2012 Page 13
© MGM-IOM/ Mini Project/ 2012
Stainless Steel Metric Tonnes 641 10.48
Total 184.80
RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2012Product Name Unit Quantity ValueComponents Not Reported NA 138.62Aluminium Metric Tonnes NA 93.89Stainless Steel Metric Tonnes NA 14.06
Total 246.57
Raw Materials
© MGM-IOM/ Mini Project/ 2012 Page 14
© MGM-IOM/ Mini Project/ 2012
Source : Dion Global Solutions Limited
Financial analysis
Own fund, Borrowed fund-
YEARS 2012 2011 2010 2009 2008
OWN FUND 339.01 339.01 339.01 339.02 339.02
BORROWED FUND
11089.05 9167.21 4089.18 1723.16 1340.31
(IN CRORE)
Interpretation:
As per above graph we shows that the own-fund & borrowed-fund of the company in 2008-2012, we can see that the company continuously stable in own-fund from 339.02 to 339.01 & borrowed-fund from 1340.31 to 11089.05 cr.
© MGM-IOM/ Mini Project/ 2012 Page 15
© MGM-IOM/ Mini Project/ 2012
Financial analysis:
Investment of fund in current assets and fixed assets (Rs in Lakh.)
YEARS 2008 2009 2010 2011 2012
Current Assets
4500 4852 6569 19698 68360
Fixed Assets
5200 5975 6400 9143 24010
ROI
ROI
TTK.NS INDUSTRY SECTOR
ROI: 33.47 7.19 11.40
© MGM-IOM/ Mini Project/ 2012 Page 16
© MGM-IOM/ Mini Project/ 2012
Human resource management:
No Of Employees - 15000
manufacturing units - 15
Business Per Employee- 347.00 ( In Rs Lakh )
Profit Per Employee - 3.00 ( In Lakh )
Budgetary provision for employee welfare scheme of last 5 years-
(Rs in Lakh )
Year 2012 2011 2010 2009 2008
Provision 160154.16 152234.49 126095.47 119291.05 119789.20
Welfare Benefits assured to the employees:
Provident Fund
Health Care(other than vision or dental)
Life insurance
Dental care
Vision care
Temporary disability (accident and sickness)
Prepaid legal
Long-term disability
Death benefits (include travel accident but not life insurance)
Other
© MGM-IOM/ Mini Project/ 2012 Page 17
© MGM-IOM/ Mini Project/ 2012
Marketing Statistics:
Yearly Results of TTK Prestige------------------- in Rs. Cr. -------------------
MAR '12 MAR '11 MAR '10 MAR '09 MAR '08
Sales Turnover 1,103.43 763.57 507.94 401.28 325.94
Other Income 3.08 4.30 1.14 0.50 1.49
Total Income 1,106.51 767.87 509.08 401.78 327.43
Total Expenses 928.31 641.91 432.92 363.65 294.66
Operating Profit 172.04 121.66 75.02 37.63 31.28
Profit On Sale Of Assets -- -- -- -- --
Profit On Sale Of Investments -- -- -- -- --
Gain/Loss On Foreign Exchange -- -- -- -- --
VRS Adjustment -- -- -- -- --
Other Extraordinary Income/Expenses -- -- -- -- --
Total Extraordinary Income/Expenses -- -0.59 3.79 -- 2.83
Tax On Extraordinary Items -- -- -- -- --
Net Extra Ordinary Income/Expenses -- -- -- -- --
Gross Profit 175.12 125.96 76.16 38.13 32.77
Interest 5.64 0.76 1.14 5.65 7.67
PBDT 169.48 124.61 78.81 32.48 27.93
Depreciation 6.24 4.26 3.59 3.48 3.84
Depreciation On Revaluation Of Assets -- -- -- -- --
© MGM-IOM/ Mini Project/ 2012 Page 18
© MGM-IOM/ Mini Project/ 2012
PBT 163.24 120.35 75.22 29.00 24.09
Tax 49.88 36.60 22.78 6.62 3.42
Net Profit 113.36 83.75 52.44 22.38 20.67
Prior Years Income/Expenses -- -- -- -- --
Depreciation for Previous Years Written Back/ Provided
-- -- -- -- --
Dividend -- -- -- -- --
Dividend Tax -- -- -- -- --
Dividend (%) -- -- -- -- --
Earnings Per Share 100.14 73.98 46.33 19.77 18.24
Book Value -- -- -- -- --
Equity 11.32 11.32 11.32 11.32 11.33
Reserves 271.62 178.00 110.69 71.17 55.40
Face Value 10.00 10.00 10.00 10.00 10.00
© MGM-IOM/ Mini Project/ 2012 Page 19
© MGM-IOM/ Mini Project/ 2012
Source: Dion Global Solutions Limited
Competitors in the market:
NAME LAST PRICE MARKET CAP.(RS. CR.)
SALESTURNOVER
NET PROFIT TOTAL ASSETS
TTK Prestige 3,132.35 3,546.16 1,103.43 113.36 302.40
Bajaj Electric 224.65 2,239.78 3,098.85 117.88 887.02
Panasonic App 80.35 76.68 179.86 -12.77 39.00
Khaitan Electric 59.10 67.97 441.34 -16.23 356.26
Sujana Uni 3.05 51.50 3,693.57 28.57 1,124.41
Polar Industries 2.75 5.83 0.06 -5.40 -91.91
© MGM-IOM/ Mini Project/ 2012 Page 20
© MGM-IOM/ Mini Project/ 2012
Financial statistics
Particulars Rs (in cores)
1.1 Net sales during the year 1,103.431.2 Less cost of goods sold - 928.31 _____________ Gross profit 175.121.3 Less administrative overhead (office exp.) - 06.24
_____________ 168.88
1.4 Less interest and bank charges - 05.64 ____________
Profit before interest and tax 163.241.5 Less provision for taxation and dividends - 49.88
_____________Net profits transferred to balance sheet 113.36
© MGM-IOM/ Mini Project/ 2012 Page 21
© MGM-IOM/ Mini Project/ 2012
BIBLIOGRAPHY-
I Have Taken The Help Of The Following Resources.
www.ttkprestige.com
www.moneycontrol.com
www.google.com
www.capitaline.com
© MGM-IOM/ Mini Project/ 2012 Page 22