A PROJECT REPORT ON “MARKET SHARE OF JK TYRE COMPANY IN TRUCK SEGMENT” Under kind Supervision of Mrs Nandini Sharma By Alka Pareek _______________________________________ A project report submitted in partial fulfillment of the requirements for Bachelors in Business Administration (BBS) Biyani Group of Colleges R-4, Sector No 3, Vidyadhar Nagar, Jaipur -302023, Rajasthan, INDIA
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A PROJECT REPORT ON “MARKET SHARE OF JK TYRE COMPANY IN
TRUCK SEGMENT”
Under kind Supervision of
Mrs Nandini Sharma
By
Alka Pareek
_______________________________________
A project report submitted in partial fulfillment of the requirements for
“MARKET SHARE OF JK TYRE COMPANY IN TRUCK SEGMENT”
Submitted in partial fulfillment of the requirements for the degree of
Business of Business Administration
To Biyani Group of Colleges, India, is my original work and not submitted for
the award of any other degree, diploma, fellowship, or any other similar title
or prizes
Guidance By: Submitted By:
Mrs. Nandini Sharma Alka Pareek
Place: Jaipur
Date: May
ACKNOWLEDGEMENT
As a partial fulfillment for the award of the degree of BBA under Biyani Group
of Colleges, a project was to be carried out by all the students during their 3 rd
semester. On the course of report preparation, we had to select a particular
business organization.
I would like to express my gratitude to all those who gave me the possibility
to complete this project report. I want to thank Biyani Group of Colleges for
providing me the opportunity to conduct this small scale study as a partial
fulfillment of the Bachelor degree in business administration. I have
furthermore to thank Mrs. Nandini Sharma for her guidance, valuable
suggestion, encouragement, support, co-operation and supervision
throughout my studies.
I am thankful as well for the continual support of my family and friends, who
have provided me with important feedback on this thesis and with the
encouragement that I have needed to complete my work. To my parents and
brother—thank you for your positivity and for helping me to bring stress back
into perspective.
Regards,
Alka Pareek
PREFACE
It is a great opportunity for me to have the BACHELOR OF BUSINESS AD-MINITRATION (BBA) in BIYANI GROUP OF COLLEGES, JAIPUR. In the ac-complishment of this degree I am submitting a project report on ““MARKET SHARE OF JK TYRE COMPANY IN TRUCK SEGMENT”. Subject to the limi-tation of time efforts and resources every possible attempt has been made to study the problem deeply. The whole project is measured through the
questionnaire, the data further analyzed and interpreted and the result was obtained.
The whole project has been divided into 5 chapters.
Introduction Company profile Research methodology Data analysis & interpretation Conclusion
Executive Summarya. Introduction
In today’s world of intense competition and rapid dynamism, all the
companies worldwide are tuning their focuses on the customer. Suddenly,
the customer had succeeded in capturing all the attention of the companies
towards him, so much so, that the once famous maxim, “customer is the
god” has become so true and relevant today. There has been a “paradigm
shift” in the thinking of these companies and none other than the customer
has brought this about.
Earlier there was a seller’s market, since goods and services were in short
supply and the sellers use to call the shots. But, ever since the advent of the
The tyre industry segments are divided into personal and commercial usage based on vehicle category and into OEMs (original equipment manufactur-ers), replacement demand and exports based on industry. About 65% of the total Indian tyre industry is constituted by the replacement segment. As per reports, the domestic market is set to grow at a CAGR of 11-12%, and OEM demand to grow at a CAGR of 10-11%. Replacement demand is expected to grow at a CAGR of 12%. According to the ICRA, exports rose by 46% and the revenues saw a 28% growth because of the strong depreciation in the Indian rupee vs. US dollar, and hike of over 20% in realizations.
ICRA said, "We expect the demand for tyres from the OEM segment to be rel-atively muted at 8-9% during 2012-13, despite anticipated revival in replace-ment volume, driven by vehicles, particularly truck and bus tyres, sold post the recessionary dip of 2009. Revenue growth for tyre companies is also ex-pected to be supported by price revisions of around 5-8% and continued ex-port thrust to SE Asian countries".
Mr. Subrata Ray, Sr. Group Vice President & Head-Corporate Sector Ratings, ICRA, says, “In line with the sombre outlook for the automotive industry, we expect OEM tyre demand to be muted, however we expect replacement de-mand and exports to support industry volumes. The softer input costs would however pay dividends during the current year, with operating margins set to expand during H1, 2012-13.”
4.3.2 Provision of Compulsory Training to Receive Loan 34
4.3.3 Mobilization for Regular Group Saving 34
4.3.4 Credit Delivery Model without Collateral Securities 34
4.3.5 Objectives of WCS 35
4.4 Findings 35
4.4.1 Information about the Programme 35
4.4.2 Loan taking Pattern 36
4.4.3 Loan Received by the respondents 37
4.4.4 Change in Economic status of Respondents 38
4.4.5 Change in the Status of Women 41
4.4.6 Trend Analysis of WCS 48
4.4.7 Training report of WCS 49
4.4.8 Trend Analysis of RMDC 49
Chapter V
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary 51
5.2 Conclusion 52
5.3 Recommendations and Suggestions 54
BIBLIOGRAPHY
CHAPTER 1
INTRODUCTION
JK’s Brief Profile
The J. K. Organisation is a group of companies with headquarters in Delhi and run by the Singhania family which rose to prominence in Kanpur, India, under Lala Kamlapatji, a fighter for Indian independence who burnt up his stock of English cloth on the call of Mahatma Gandhi during hisstayagrah call against British rule. Kamlapatji also set up the Uttar Pradesh Chamber of Commerce. The name JK is derived from the initials of Kamlapatji (1884–1937) and his father Seth Juggilal (1857–1922). The group was founded in 1918.
The group rose in importance in the 1960s and 1970s when it occupied the third position as an industrial conglomerate after the Birla and Tataconglom-erates. The family is currently divided into three main groups headed by 3 patriarchs namely Dr Gaur Hari Singhania based out of Kanpur, Shri Hari Shankar Singhania based out of Delhi and Shri Vijaypat Singhania, based out of Mumbai. These three patriarchs are first cousins who now run independent businesses. The Kanpur family runs JK Cements, JK Technosoft, the Delhi family runs, JK Tyres, JK Papers, JK Lakshmi Cement, Fenner India, JK Risk Managers & Insurance Brokers and the Mumbai family runs the Raymonds group of companies. To maintain the family history and legacy, the various family run companies though completely independent and many publicly owned and listed subscribe to the JK Group Logo and the oldest male mem-ber of the generation in power by tradition becomes the President of the JK Group (The Association of Trade unions) and allots the logo to companies run by various family members as and when they apply for membership and pay an annual fee for the same. It is pertinent to note that these three different units are technically and legally separate entities and have no cross holdings and have no common directors and employees except for the shared family history.
CORE VALUES:
JK Organization has been a forerunner in the economic and social
advancement of India. It always aimed at creating job opportunities for a
multitude of countrymen and to provide high quality products. It has striven
to make India self reliant by pioneering the production of a number of
industrial and consumer products, by adopting the latest technology as well
as developing its own know-how. It has also undertaken industrial ventures
in several other countries.
JK Organization is an association of industrial and commercial companies and
charitable trusts. Its member companies, employing more than 50,000
persons are engaged in the manufacture of a variety of products and in
diverse fields of commerce.
Trusts are devoted to promoting industrial, technical and medical research,
education, religious values and providing better living and recreational
facilities. With the spirit of social consciousness uppermost in mind, J.K.
Organization is committed to the cause of human advancement.
1933 First in India to manufacture Calico Prints- Juggilal Kamlapat Cotton Spinning and Weaving Mills Co. Ltd., Kanpur.
1940 First in India to manufacture steel Bailing Hoops for jute and cotton and to make the country self sufficient by meeting the entire demand-J.K. Iron & Steel Co. Ltd., Kanpur.
1944 First in India to produce Aluminium virgin Metal from Indian Bauxite-Aluminium Corporation of India Ltd., Jaykaynagar.
1949 First in India to manufacture Engineering files- J.K. Engineers ‘Files, Bombay.
1959 First in India to set up a continuous process Rayon Plant.
1960 First to manufacture a Hydraulically Operated Cane Crushing Mill for Khandsari Sugar Plant and completed 100 ton plant-J.K. Iron & Steel Co. Ltd., Kanpur.
1961 First in world to set up a plant for production of Hydrosulphite of soda by Sodium Amalgam Process- J.K. Chemicals Ltd., Bombay.
1965 First to produce Sodium Sulphoxylate Formaldehyde (Rangolite C of Formosul) in India - J.K. Chemicals Ltd., Bombay
1968 First to manufacture TV Sets in India- J.K. Electronics, Kanpur. First to manufacture Metallic Cops for Synthetic Filament yarn industries in India- Syntex tube works, Kanpur.
1969 First to manufacture Acrylic Fibres- J.K. Synthetics Ltd. Kota
First to develop differentially Dyeable Nylon- J.K. Synthetics Ltd., Kota
1973 First in India to license Synthetic Fibre Technology to third party as well as the first to manufacture Synthetic Fibre Machinery Fibretech Engineers & Manufacturers, Dadri.
1976 First in India to produce steel belted Radial Tyres for passenger cars, trucks and buses- J.K. Tyre Plant, Kankroli.
1980 First in world to make Steel Belted Radial Tyres for three wheelers- J.K. Tyre Plant, Kankroli.
1984 First in India to produce white cement through dry process- J.K. White cement. Gotan.
1985 First in India to produce Cathonic Dyeable Polyester Fibre- J.K. Synthetics Ltd., Kota.
First in India to produce Nylon Tyre Cord based on Spin Draw Technology- J.K. Synthetics Ltd., Kota.
1989 First in India to produce magnetic tapes with cobalt technology J.K. magnetics, Surajpur.
1991 Banmore Tyre Plant (BTP) set-up with a capacity of 5.7 lacs tyres p.a.
1992 R & D center set-up at HASTERI.
1994 India's first T-Rated tyre launchedBanmore Tyre Plant (BTP) crossed 100 TPD.
1995 Mercedes Benz Launched on JK steel radials
First tyre manufacturer in the world to get ISO 9001
1996 India's first dual contact high traction steel radial- aquasonic launched.
Introduced steel wheels.
1997 Awarded the National Export Award for 96-97.
Vikrant Tyres (VTL) acquired.
India's first H rated tyre launched.
Only Tyre manufacturer to get 'E' Mark certification.
HASETRI became the first research institute in Asia to get ISO 9002.
1998 First tyre manufacturer in the world to get QS 9000.
Awarded CAPEXIL's highest export award for 1997-98.
1999 Synergy with VTL in procurement, marketing and production flexibility.
Completion of state of the art modernisation of truck radials.
JK Tyres ranked 16th largest Tyre Company in the world.
ISA - 14000 accredition for environment & safety.
2000 JK introduced National Go-Karting Championships.
2001 Recieved CAPEXIL award.J.K. Industries recieved FOCUS LAC export award for the year 1999-2000.Commendation Certificate of CII Exim.IInd National Go-Karting Championships held.
2002 J.K.Industries Ltd has informed BSE that CRISIL has assigned a P1+ rating to the Commercial Paper programme of the company.
2003 - J.K. Industries Ltd (JKI) has a new Marketing Director in Mr Ajay Kapila. Before joining JKI, Mr Kapila was Senior Vice-President (Sales and Marketing) at Kinetic Engineering Ltd. He was also Director on board and operational head of Kinetic's direct selling arm - Kinetic Marketing Services Ltd.
-Completes its comprehensive restructuring exercise of businesses that leads to its emergence as a pure automotive tyre company. Along with the de-merger of its non-tyre business, Sugar and Agri Seeds, into separate companies namely JK Sugar Ltd and JK Agri-Genetics Ltd, JKI also completes the merger of Vikrant Tyres Ltd with itself
-J.K.Industries delists from Jaipur Stock Exchange
-divested its wholly-owned subsidiay called J.K. Drugs and
Pharmaceuticals Ltd to TEVA Pharmaceuticals of Israel.
2004-JK Industries Ltd has informed that its securities are delisted from Delhi Stock Exchange Association Ltd (DSE) w.e.f. January 29, 2004.
2007- JK Industries Ltd has informed that the name of the Company has been changed from "J K Industries Ltd" to "JK Tyre & Industries Ltd" w.e.f. April 02, 2007.
- Company name has been changed from JK Industries Ltd to JK Tyre & Industries Ltd.
2001 Recieved CAPEXIL award.J.K. Industries recieved FOCUS LAC export award for the year 1999-2000.Commendation Certificate of CII Exim.IInd National Go-Karting Championships held.
2008-The company has issued rights in the ratio of 1:3 at a premium of Rs.75 Per Share.
2009- JSL Ltd announced huge expansion plans under which it would set up 1.6 MT greenfield plant in Orissa due to which its stainless steel manufacturing capacity will rise to about 2.5 MT by March 2014, thus making it the largest producer in India.
- Jsl Limited has informed that consequent upon vacancy caused by the sad demise of Sh. A.K. Jain, Company Secretary of the company on January 1, 2009, Mr. Sunil Yadav has been appointed as Company Secretary of the company w.e.f. January 13, 2009. Mr.
Sunil Yadav has also been designated as Compliance Officer of the company in pursuance of clause 47(a) of the listing agreement.
2010
- JSL Ltd has informed BSE that the name of the Company have been changed from "JSL Limited" to "JSL Stainless Limited". The Registrar of Companies, NCT of Delhi & Haryana has issued the fresh certificate of incorporation dated August 06, 2010 consequent upon change of name.
- JSL Ltd has informed BSE that the Board of Directors of the Company has appointed Mr. Jurgen Hermann Fechter and Mr. James Alistair Kirkland Cochrane as Additional Directors w.e.f. March 09, 2010 by passing the resolution through circulation.
- JSL Limited led by Ratan Jindal is going to setup a 1320 Mw power project in the state of Orissa. The company signed a MoU with the Orissa government for setting up a super critical thermal power plan in the state on Thursday. The plant will be setup with a total investment of Rs 7,375 crore.
2011- JSL Stainless signs power purchase agreement with GRIDCO.
- JSL Stainless Ltd has informed BSE that the name of the Company have been changed from "JSL Stainless Limited" to "Jindal Stainless Limited" with effect from December 07, 2011. The Registrar of Companies, NCT of Delhi & Haryana has granted its approval on December 07, 2011.
2012- The Company has allotted 3,64,972 equity shares of Rs. 2/- each to "The Royal Bank of Scotland NV London Branch".