1 INTRODUCTION The success of any organization is mainly dependent upon the four functional areas of management, namely finance, production, marketing, and personnel management. Finance is defined as a provision of money at the time it is required. Therefore, every enterprise, whether it is big, medium or small needs finance to carry on its operations and to achieve its goals. Working capital may be regarded as the lifeblood of the business. A study of working capital is so important because of its close relationship with the current day-to-day operations of a business, such as for purchasing of raw material, for meeting day to day expenditure on salaries, wages, rents, advertising etc., Working capital is defined as excess of current assets over current liabilities. Current assets are those assets, which will be converted into cash with in the current accounting period or with in the next year as a result of the ordinary operations of a business. As pointed out by “Ralph Kennedy and Steward Mc Muller”: Working capital is very essential to maintain smooth running of a business. No business can run successfully without an adequate amount of working capital. The goal of working capital management is to manage the firm’s current assets and current liabilities in such a way that a satisfactory level of working capital is maintained.
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1
INTRODUCTION
The success of any organization is mainly dependent upon the four
functional areas of management, namely finance, production, marketing, and
personnel management. Finance is defined as a provision of money at the time
it is required. Therefore, every enterprise, whether it is big, medium or small
needs finance to carry on its operations and to achieve its goals.
Working capital may be regarded as the lifeblood of the business. A study
of working capital is so important because of its close relationship with the
current day-to-day operations of a business, such as for purchasing of raw
material, for meeting day to day expenditure on salaries, wages, rents,
advertising etc.,
Working capital is defined as excess of current assets over current liabilities.
Current assets are those assets, which will be converted into cash with in the
current accounting period or with in the next year as a result of the ordinary
operations of a business.
As pointed out by
“Ralph Kennedy and Steward Mc Muller”: Working capital is very
essential to maintain smooth running of a business. No business can run
successfully without an adequate amount of working capital.
The goal of working capital management is to manage the firm’s
current assets and current liabilities in such a way that a satisfactory level of
working capital is maintained.
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There is always an operating cycle involved in the conversion of sales
into cash. The firm should maintain a sound working capital position. It should
have adequate working capital to run its business operations. Both excessive as
well as inadequate working capital positions are dangerous from the firm’s
point of view. Excessive working capital means ideal funds, which earn no
profits for the firm.
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NEED FOR THE STUDY
Ø The study has great significant and provides benefits to various parties
whom directly or indirectly interact with the company.
Ø It is beneficial to management of the company by providing crystal clear
picture regarding important aspects like liquidity, leverage, activity and
profitability.
Ø The study is also beneficial to employees and offers motivation by
showing how actively they are contributing for company’s growth.
Ø The investors who are interested in investing in the company’s shares
will also get benefited by going through the study and can easily take a
decision whether to invest or not to invest in the company’s shares.
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OBJECTIVES OF THE STUDY
The present study Nandi Pipes Nandyal has been undertaken to evaluate the
working capital management of the organization by establishing the following
objectives.
1. To review the progress and organization efficiency of Nandi Pipes.
2. To find out the working capital position of the company through
financial ratios.
3. To know about cause of changes in working capital from time to time.
4. To find out the sources of working capital finance of the company.
5. To give suggestion to company for improvements of working capital
position.
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METHODOLOGY OF THE STUDY
DATA COLLECTION
The data collection of the study consists of two kinds of data.
Primary source of data:
This is first hand in nature, and is collected through.
o Officers of accounts sections.
o Executives and staff of finance and accounts department.
o Meeting with concerned people
o Personal observation.
Secondary data:
o Annual reports of SUJALA PIPES Pvt. Ltd.
o Financial management textbooks.
o Printed materials
o Journals & magazines.
o News papers
o Text books
o World Wide Web.
o Company maintained reports.
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SCOPE OF THE STUDY
The scope of study is limited to collecting the data published in the
reports of the company and opinions of the employees of the organization with
reference to the objective stated above and theoretical frame work of the data
with a view to suggest solutions to various problems relating to working capital
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LIMITATIONS OF THE STUDY
In spite of honest and sincere efforts, there are certain discrepancies and
inconsistencies.
The limitations are:
§ The study is restricted to limited period.
§ The firm refused to disclose some confidential information.
§ The company has restricted to give the information for
more than five years.
§ The study was conducted with the data available and the
analysis was made accordingly.
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PLASTIC PIPES INDUSTRY
INTRODUCTION
Plastic is a common name for polymers. Materials are made of long
strings of carbon and other elements. Each unit in a string is called a monomer
and is a chemical usually derived from oil.
The monomer is made into polymer by chain-linking reactions. This is
like making a daisy chain. Instead of flowers, carbon atoms are joined together.
The appearance of the daisy chain will be different you use different colored
flowers, and so will polymers.
There are many different types of plastics, depending on the starting
monomer selected, the length of polymer chains, and the type of modifying
compounds added. Each plastic has been developed for a special purpose.
PVC pipes poly vinyl chloride have become synonymous, with modern
living it is undoubtedly a product which has deeply penetrated into common
man’s life no wonder the industry has achieved remarkable capabilities and
manufacturing of machinery equipment sophistication.
This versatile materials with superior qualities such as light weight, easy
processing corrosion resistance, energy conservative, etc. many substitute to a
large estimate of many conventional and costly industrial materials like wood,
glass, metal and leather, etc. in the future the manifold applications of plastics
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in the field of automobiles, electronics, electrical, packaging and agricultural
gives its immense utility in PVC plastics.
At present as percent of total requirement of raw materials and most all
type of plastic machines required for the industry are not adequate available.
The present investment in all the three segments of industry namely production
of raw materials, expansion and diversification of raw materials.
On account of their inherent advantage in properties and versatile in
adoption and use, plastics have come to play vital of applications the world
over. In our country plastics are used in making essential consumer goods
which are daily use for common man. Such as baskets, carry bags, bottles,
pipes, pens, etc. they also have application in agriculture, building
construction, Water management resources, engineering and electronics.
PROSPECTS
The production of various plastics a raw material in the country is
expected to double by the end of seventh plan, the consumption of commodity
plastics including LDPE, HDPE, PP, PS & PVC is immense scope for the use
of plastics in agriculture, electronics, automobile, telecommunication and
irrigation and thus, the plastic industry is on the threshold of an explosive
growth.
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ROLE OF PLASTICS IN THE NATIONAL ECONOMY
Plastics are got perceived as just simple colorful household products in
the mind so common man. A dominant part of the plastics of the percent and
future their utilization in the areas Agriculture, forestry and water –
management.
Ø Automobile and transportation
Ø Electronics and telecommunications buildings, construction and
Ø Food processing and packaging
Ø Power and gas distributor.
We shall look at the data plastics and particularly their properties, which
are of use in practical working with plastic, are man made materials. The oldest
raw materials for producing plastic are carbon materials obtained from coal tar.
Today the majority of raw materials of raw materials are obtained from
petrochemical sources and they can be economically produced in large
quantities.
Please have changed our world day – by – day. They are becoming more
& more important. They owe their success to a whole series of advantages,
which they have over conventional materials such as,
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Ø LIGHT WEIGHT
Ø EXCELLENT MOULD ABILITY
Ø ATTRACTIVE COLORS
Ø LOW ENERGY REQUIREMENTS FOR CONVERSION
Ø LOW LABOUR
Ø LESS COST OF MANUFACTURING
Ø LOW MAINTENANCE
Ø HIGH STRENGTH OF MANUFACTURING
Ø CORROSION RESISTANT
Ø AESTHETICS WITHOUT SURFACE TREATMENT
Ø COMPATIBILITY WITH REINFORCING MATERIALS
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EMERGENCE OF PVC CONCEPT AND ITS
SOCIALIZATION
Growing domestic, agricultural and industrial requirements of the
modern world, the quest for a new substance, which could serve the needs and
wants of the today’s man, became irrepressible. Although metals were meeting
major chunk of the fabrication demands of the modern world, rework ability,
formability and weight constraints were real impediments. In light of this
situation, the substance called plastics, which has got all the desired
characteristics to serve the modern man, was discovered. This carbonaceous
substance with excellent rework ability and physical stability could replace
most of the earlier used metals, wood, etc.
Although acceptance and socialization of this new innovation was slow
it has shown a steady encroachment into the life of today’s man. Now plastics
are omnipresent and serving numerous fields. Agriculture, heavily modernized
communication sector, fiber equipment are only few applications among the
multifarious uses of the plastics.
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PVC PIPES AND ITS ECONOMIC ROLE
Chief occupation in India is agriculture. For the developing countries
like, India, modernization of the agriculture practices assumes pivotal place
improving the economic status and the processes of the modernization includes
usage of high productive, plastics that supplement to greater extent
manufacturing of tools required for new agricultural practices.
The usage of poly vinyl chloride pipes in agricultural fields, lessen water
seepage, which was predominant in earlier practices. With the services of
P.V.C pipes, water can be transported efficiently with lesser losses, from the
place of higher water potential to the lower water potential. Presently
revolutionary triad in management speaks much about drip irrigation, which
developed in Israel and is practiced by all agricultural based nations in the
world. Drip irrigation greatly uses P.V.C pipes as core tools of implementation
with the services of this sort, P.V.C pipes one way or other strength the hands
of country’s economy.
Apart from the referred uses, P.V.C pipes supplemented with fittings are
used in houses for electric connections, sewage connection and other domestic
purposes. Apart from these two applications, it has got wide applications even
in industrial sector. P.V.C pipes with much unique heat, chemical and physical
characteristics serve many industrial purposes. They are even positively used
as conduits for industrial gases. Even the characteristics of weight and low
price attract many more applications.
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Rigid P.V.C pipes have been manufactured in India from the sixties on
imported extrusion lines and there after indigenous plans were also available.
There were few pipe manufacturers up to 1978 – 1979 and large production
capacity was created during 1979 – 1983, when many extrusion line were
imported from Batten field, Cincinnati, krausmaffi etc. the government allowed
the imports of sophisticated and high output plans which were not available
indigenously.
It is essential for the company to carryout continuous research and
development to update technology, higher output, loss energy cost per Kg of
output, quality of products of etc.
POLY VINYL CHLORIDE (PVC)
Production of PVC pipes in 1961, against first production of PVC in the
world. In 1927 at present there are 6 units manufacture of PVC resins. PVC
pipes have been synonymous; with modern living it is undoubtedly a product,
which has deeply penetrated in to common man’s life. No wonder the industry
has achieved remarkable progress in the terms of supply of raw materials and
diversification of processing capabilities and manufacturing of machinery and
ancillary equipment sophistication. This versatile material with superior
qualities such as light weight easy processing corrosion resistance, energy
conservative, non taxis, etc may substitute to a large estimate of many
conventional and costly industrial materials like wood, glass, metal and leather,
etc in future the manifold applications of plastics in the field of automobiles,
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electronics, electrical, packaging and agriculture give its immense utility in
PVC plastics.
At present as percent of total requirement of raw material and almost all
type of plastic machines required for the industry are not adequate available,
the present investment in all the three segments of industry namely production
of raw materials, expansion & diversification of raw materials. Expansion and
diversification of processing capacities, manufacturing of processing
machinery, equipment is 1250crores and it provides employment at more than
8lakhs peoples.
Plastics have been subjected to leaves not only at the central level but
also the state and local government. These levels have effected in the price of
the plastic products adversely.
The per capita consumption of plastics is very low at 0.5Kg as against
the world average of 11Kgs. The per-capita consumption is 68Kgs in
FRANCE, 33Kgs in UK, and even in Asian countries like South Korea it is
8.5Kgs.
These PVC pipes are widely sued by the farmers their farming and
agriculture for water supply in their fields through PVC pipelines. The property
of UV stability is incorporated into other wise rigid PVC resin by mixing butyl
tin stabilizer. This property is important in tropical countries like ours were
high temperature fluctuations in the daily temperature are quite common. The
UV stabilizer prevents expansion and contradiction longitudinally in the pipes.
When expansion and contraction takes place in the pipes they bend. As a result
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the joints get loosened because they are fixed to walls with the help of the
clamps. This results in the subsequent leakage. This is prevented in PVC swr
pipes. In PVC swr products, fittings are of two types they are injection blow
molded and sealed ring cab fittings; the groups are inherent in the mould. In
seal ring cap fittings, the groove is formed when a seal ring cap is made to fit
over a plain-ended pipe coupling as well as rubber ring pipe coupling. It is a
multi purpose product.
Another variety of plastics that requires artificial manufacturing relates
to true engineering plastics, which is used as an alternative to or replacement of
metals in load needing applications. Modified P.P.O Nylon, Polycot,
Polycarbonates, and Polyester (PBT/PET) phendic are same of the plastics
materials following under the category of engineering plastics. Engineering
plastics are being increasingly used for various applications in automatic,
electronic, telecommunication and other industries. The plastics are classified
into two major classes.
The plastics are classified into two major classes.
• Thermo plastics
• Thermostats
The thermo plastics become sufficiently soft as the applications of heart.
The thermostats are the initial application of heart and pressure of heat and
pressure subjected to fire. But up on further application of heat pressure. They
cured to hard price, which cannot be resofted, the reheating.
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LDPE: LOW DENSITY POLY ETHYLENE
Production of LDPE was stated in the year in 1955 at present there are 3
units manufacturing LDPE with a total capacity of 1.15lakh tones. Products
targeted for LDPE by the end of 1999 are placed at 1.86lakh tones.
HDPE: High Density Poly Ethylene
Production of HDPE in India commenced in 1968, at present there is a
unit (play defines industries limited.) in India producing HDPE by the end of
1989-1990 was producing 1.25lakh tones.
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IMPORTANCE OF PIPES INDUSTRY
PVC products have found wide acceptance in India and abroad. PVC is
one of the most versatile plastics. It can be extruded, molded, calendared, or
thermoform into a multitude of furnished products. The PVC resin can be
formulated to give a wide range of propertied from hard, tough materials for
products as diverse as wires and insulation and sheathing and flooring.
We shall look at the basic data about plastics and particularly those
properties, which are of using practical working with plastics. Plastics are man
made materials, the oldest raw materials for producing plastics are
carbonaceous materials obtained from stagnant at around Rs.60-70crores per
annum double to Rs.129crores.The plastic industry as taken up the economy of
achieving an export target of Rs.7crores.
Major export markets for plastics related products are Australia,
Bangladesh, Canada, Egypt, Hong Kong, Hungary, Italy, Kuwait, Sri Lanka,
Federal Republic of Germany, Sweden, Taiwan, U.K., U.S.A., & Russia.
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PROSPECTS
The production of various plastics raw materials in the country is
expected to double by the end of the 2010. The consumption of the commodity
plastics including LDPE, HDPE, & PVC is immense scope for the use of
plastics in agriculture, electronics, automobiles, telecommunications &
irrigation & thus, the plastics industry on the threshold of the explosive growth.
UTILITIES OF PVC PRODUCTS:
PVC products cater to both interiors and exteriors.
Ø Interiors are as follows:
In interiors it can be used for
1. Floorings
2. Profile and cable trays
3. Wall covering
4. Modular office systems
5. House & furniture
Ø Exteriors are as follows
For exterior it can be used for
1. Doors & windows
2. Fencing partitions & paneling
3. Roofing & rain system
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The other external applications are:
§ In the field of irrigation
§ Portable water supplies and public water supplies
In the field of irrigation there are several methods to irrigate the fields.
There are major and minor irrigation projects apart from the individual sources
like wells, tube wells, & bore wells. Major irrigation projects will have canals
and lift irrigation schemes etc. like pipelines; cement and GGI pipes were
conventional methods of irrigation in the lift irrigation schemes. Now a days
PVC pipes replaced the conventional pipes and they constitute almost 90% in
this respect.
Drip irrigation has become a wide concept in agricultural sector
especially in the field of horticulture, commercial cropping and green and poly
houses. The drip irrigation concept is becoming more popular with its
advantages like high yield, water conservation, less labour cost, fewer
fertilizers, less pest management cost, less power cost and many more. The
demand for this concept is increasing at a pace of 30% to 40% per annum.
Agriculture, a sunrise industry in India economy is essentially on PVC
for the seawater suction and pumping to their aqua ponds. They are using
pipelines of 4-5 kg of 10-16 diapipes.
The state and central governments are using these pipelines for the
public water supply schemes. The state government of A.P is using PVC pipes
for the irrigation water supplies for the past few years. The state govt. is
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providing pipes through APSIDC (Andhra Pradesh state irrigation development
schemes). These pipes can be sued for the main distributors, sub-distributors
and individual connections.
TECHINICAL DETAILS ABOUT P.V.C.PIPES:
1. P.V.C. resin (poly vinyl chloride)
2. D.B.L.S. (die basic lead sulphate)
3. T.B.L.S. (tri basic lead sulphate)
4. L.S. (lead steric)
5. C.S. (calcium steric)
6. STEARIC ACID
7. HYDRO CARBON
8. CALCIUM CARBONATE (ca ca3)
9. TITANIC DIOXIDE
MANUFACTURING PROCESS
Hot forward extrusion is employed for the manufacture of P.V.C. pipes
resign with weighted amounts of other ingredients, which are carried to the hot
chambers. The high temperature of hot chamber melts ingredients and contents
and then given forward transit to hallow pipes of required dimension. As the
pipe comes out of the hot chamber, cool water jet is directed towards it to cool
the pipe immediately. Pipes of desired length are cut with the aid of stop and
power hacksaw. Production is made in various sizes ranging from 1/2’’ to 10”
according to usage.
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REINFORCED PLASTICS
Although plastics have high strength to weight ratio, they are not as
strong as metals and deform permanently under load. They cannot bear
extremely high or low temperature like metals and other materials such as
refractory bricks. Modern invention of glass of carbon black as reinforcing
fillers has a way for making high strength beating plastics and replace steel.
ALLOYS
Physical mixture of two or more polymer is termed as alloys. Physical
blending of two polymers is needed because every polymer has certain set of
good properties. Design of a special product, which should have specific set of
properties, may not be obtained if it is made only from one polymer. By
blending two polymers we can get the required combination of properties. For
example, polystyrene is highly amorphous and rigid but has low impact
strength. It is blended with a rubbery material, product will be of high strength,
and shall also have high impact properties.
Thus by allowing wide range of products can be made, although alloys
are physical mixture of polymers. Sometimes hydrogen bonds are formed
between some special ionic groups with hydrogen atom of the carbon chain.
Such a bond is very useful in alloy formation because it impacts processing
flexibility with and use of cross-linked products.
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PVC POLY VINYL CHLORIDE
Production of PVC started in 1961, against first production of PVC in
the world, 1927. At present there six units manufacture of PVC resins. The
total installed capacity comes to 1.7lakhs tones. The production target of PVC
by the end of 1989-1990 is placed of 2.33lakhs tones.
POLYSTYRENE
Polystyrene was first manufactured in India in May 1987. The
production target of polystyrene by end of 1989-1990 is set out to 29,000
tones.
POLY PROPYLENE
The first production of polypropylene in India commenced in 1978. The
end of 1993-1994 achieves the production target of 36,000 tones.
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EXPORT OF PLASTICS GOOD
Plastics have excellent potentialities. Our country is equipped with all
kind of processing machinery and skilled labor and undoable, and extra to
boost export, finished plastics products, which yield rich dividend.
Today India exports plastic products to as many as 80 countries all over
the world. The exports, which are stagnant at ground, rest 60 to70 cores per
annum double to 129 creators. The plastic industry has taken up the challenge
of achieving an export target of Rs.17cores.
Major – export markets for plastic products and linoleum are Australia,
Bangladesh, Canada, Egypt, Hong Kong, Italy, Kuwait, Federal Republic of
Germany, Sri Lanka, Sweden, Taiwan, U.K., U.S.A., and Russia.
With view to boosting the export, the plastics and linoleum’s export
promotion council has urged the government to reduce import duty of plastics
raw materials, supply indigenous raw materials at international prices, fix duty,
draw backs on weighted average basis and charge freight rate on plastic
products on weight basis instead of volume basis.
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PROBLEMS
Raw material is always being a problem to be recorded with the plastics
industry. The situation was slightly improved and is expected to charge
considerably by commissioning the major petrol chemical project in the
pipeline by the year 1990, the Maharastra gas cracker complex. Haldia petrol
chemical & reliance petrol chemicals together with the expansion of existing
giants will go a long way to mitigate the long problems. By the terminal year
the plan the install capacity is targeted are almost 8lakh tones.
The step rise in the way material as the result of imposition of duties and
taxed poses another problem to the plastic industry. On account of this
domestic price of finished goods are higher than the rest of world. Apart from
this the administrated prices for basic raw materials have not been
implemented with a balanced view to accommodating the interest of both
consumers and manufacturers. And chloride 85% of the polymers it made from
naphtha feedstock. Hence the pricing naphtha by the government has a
cascading effect.
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COMPANY PROFILE
Rayalaseema, an economically backward area in Andhra Pradesh, was
rarefied region for industries. A dynamic entrepreneur Sri.S.P.Y. Reddy who
is basically a mechanical engineer started a unit at Nandyal, which
manufactures black pipes in 1977. The determination and hard work of
Sri.S.P.Y.Reddy helped him to overcome the problems.
Later the company started manufacturing of PVC pipes, which
terminated the manufacturing of black pipes. This resulted in the formation of
a private limited called “NANDI PIPES PVT.LTD.” with Sri. S.P.Y. Reddy as
the managing director
GROWTH
Nandi Pipes Pvt Ltd. is commissioned with the objectives of catering to
the agricultural needs of the region. In earlier days, tools used for water flow
were very ineffective with high percentage of loses. To counter this drawback
P.V.C. pipes were favorably welcomed. This has been the mission of Nandi
pipes Pvt. Ltd., the major irritants in agricultural practice like lack of rainfall,
ground water lifting. Water transport within the fields has provided
magnificent thrust to P.V.C. Pipes market. These factors helped Nandi pipes
ltd., to record an excellent growth since 1977 onwards. Quality is the
dominating factor in the growth of sales. Well-equipped laboratory and quality
control office looks after the quality. The department people are always
striving to improve the quality.
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The company has now only improved the brand name but is also
undertaking takeovers of the competitor’s brands. In 1977 the company took
over the Sagar brand. The manufacturing plant of Sagar brand was at Medak
district. The Nandi pipes has not stopped with that victory, the company has
taken over another main competitors brand i.e., monarch in 1999. The
manufacturing plant of monarch plant lies in East Godavari District.
The threats of the old companies are turned to opportunities to the
company by its excellent management. After the change of management the
brand image of these brands has improved. At present Nandi Pipes Pvt. Ltd.,
stands in the market leader position. The only major competitor to the company
is Sudhakar Pipes, Maharaja Pipes. The only backdrop to it is the competition
from local brands
As the majority of customers belong to farmer, they consider price above
quality. The company has to create awareness of the company’s quality
standards to them.
M\S Somali Pipes Private Limited, which is now the premier company
in the Nandi group, was started with a capital of Rest 10lakh in the year 1988
Nandi group has group in the size and emerged as the leading industrial group
in Andhra Pradesh in the past 18 years. It has made rapid strides in its growth
and been maintaining its fair name for its quality and standard products
throughout south India and in the other states. Most of the products enjoy ISI
and ISO recognition.
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VISION AND MISSION
Vision
To serve people through providing good quality products at reasonable
cost.
Mission
Ø To achieve company’s growth innovation and development of resources
to meet organizational goals.
Ø To provide products and services of best value possible to customers,
thereby gaining their respects.
TECHNICAL INFORMATION
ITL rigid PVC pipes are manufactured in accordance with Indian
standards specification 4985:1998 and other international specification. The
company also manufactures special ranges of commercial pipes under different
ranges to satisfy the customer requirements. ITL PVC pipes are normally
manufactured in uniform length of 6 meters with plain ends both the sides also
with self-socked one side. Varied length can be manufactured according to the
customer requirements. Integrated Thermoplastics Limited is manufacturing
rigid PVC pipes from 20mm to 400mm in conformity to ISI 4985: 2000 and
other international specification.
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QUALITY CONTROL ASSURANCE
Integrated Thermoplastics Limited is having well equipped quality
testing machines in their labs as per the ISI standards for testing of all diameter
and gets excellent result. We at ITL pipes are proud to say that we follow
world – class QCM (Quality Control Management) techniques is our quality
control lab to achieve the best quality. Stringent quality control tests are
regularly conducted to ensure top quality production of PVC products.
MAINTENANCE AND SERVICE
This company is better equipped with excellent workshop to provide
maintenance and service of machinery in electrical, mechanical, and civil lines
all the time. We assure service at any time to enable our equipment and
machinery to perform efficiently, thus reducing production down time.
EXPLORING NEW HORIZONS: EXPORTS
Integrated Thermoplastics Limited is trying hard in exploring their
products like rigid PVC pipes of water, electrical conduits, and SWR pies to
Middle East, Europe, Africa, and other Asian countries. Taking an example
our esteemed overseas customers, we are proud to say that we are associate
with “CEYLON ELECTRICITY BOARD – SRILANKA” supplying electrical
conduits to there project requirements.
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GENERATING EMPLOYMENT
The integrated Thermoplastics Limited has the work force of more than
400 workers working at our manufacturing plant located at Manoharbad
Village, Toopran Mandal, and Medak District. In this way the company
generates employment to several people.
DYNAMIC WORK FORCE
The dynamic work force is the strong base for the success of the
company. The administrative as well as the technical staff are well qualified
and skilled. The company follows the specialization of work, which helps the
company to assign the right job to right person.
The technical staff at the manufacturing units is well versed in the field of
production, which generates new innovative ideas and concepts. All the
workers are dedicated to work and responsible for their job work done.
DISTRIBUTION NETWORK
One of the most important parts of the company’s effective functioning
in the competitive market is its distribution network. The company has its own
dealer’s network with a number of nearly more than 100 dealers through out
the state.
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The company has its own vehicles for transportation, which helps the
sales department to cater the needs of the customers at the right time at the
right place.
REGIONS COVERED IN INDIA
Andhra Pradesh
Southern States of Karnataka,
Goa,
Pondicherry,
Maharastra,
Orissa,
Kerala,
Gujarat,
Chattisgarh, &
Thailand. Are in ambit of Nandi groups
There has been expansion of product base from him alone PVC pipes and
presently the group’s products include follows
PRODUCT LINE
UPVC potable water pipes,
UPVC SWR pipes,
UPVC blue sensing pipes,
Submersible pipes,
Rigid Electrical conduits,
HDPE pipes,
Garden pipes,
Suction pipes,
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Water tanks Agricultural & SWR fittings,
Drip Irrigation equipment,
Cement, Milk products, Mineral water, Solvent Cement & Plastics.
This group also has successfully into trading business and been
maintaining Super Bazaar departmental stores and Hardware at the group’s
principal place, Nandyal.
The group had over 200 transport vehicles and heavy earth moving
equipment facilitating easy and planning to expand its business further and is
poise to touch the Rs1000crores mark annual turn – over in the next 4-5 years.
The group has floated a public company of ethanol and industrial
Alcohol with a capital of Rs14500 liters per day using maize and other agro
products as raw materials at the New Industries Estates, Nandyal at a capital
outlay of Rs156crores. The company is confident of commissioning the
project as early as possible.
SIZES
Various sizes ranging from ½” to 10” are offered to customers. Even pipes
with different gauges and sizes are manufactured to suit specific conditions.
PACKING
Packing plays less important role in the products like PVC pipes because
the hollow space inside can be utilized. For the purpose of cubic space
utilization in trucks while transport, organization is adopting the technique like
pipe in pipe
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WARRANTIES
No written warranties are given to customers except an assurance that
the product is reliable.
PAYMENT PERIOD
For Mandy brand the company adopts zero credit policy and goods are
not delivered unless cash remittances are made. For Monarch and Sagar
brands credit is entitled up to a week. The difference between these brines is
due to brand image.
CHANNELS OF DISTRIBUTION
Mandy pipes Pvt.Ltd. has got zero level, one level channels distribution
for Monarch and Sagar,
MANUFACTURER CUSTOMER
MANUFACTURER DEALER CUSTOMER
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Nandi pipes Pvt. Ltd. Has an extensive network of 300 dealers in Andhra
Pradesh who are directly serviced by company sales force and 500 dealers in
South India.
TRANSPORTATION
Transportation of Nandi pipes Pvt. Ltd. is very admirable. This unique
strength of the organization enables the delivery system to be efficient. This
even helps the dealers to reduce inventory levels to the minimum. Thus dealers
are also supplemented with the dealers to reduce inventory levels to the
minimum. Thus dealers are also supplemented with the benefit of the lower
tied – up capital in the form of inventory.
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GENERAL INFORMATION ABOUT THE COMPANY
The company is equipped with sophisticated laboratory to carry on the
tests to ascertain outgoing quality level of the pipes. Nandi pipes have got ISI
Trademark, which speaks for itself for the quality of the pipes. Numbers of
statistics quality control techniques are applied to sustain the quality level of
the product.
Managers at the company are dynamic and well qualified. Supervisory staff or
intermediate managerial staff is adept in tackling their area though not highly
qualified. Most of the skilled or unskilled labours are duty minded. Company
E.S.I. (Employment State Insurance) and provident fund facilitates to all its
employees. Uniqueness of workers of Nandi pipes Pvt. Ltd. Is their non-
indulgence in trade union activities.
As the company is located in the industrial estate of Nandyal, it is
facilitated with good communication networks, which includes telex, fax
machine and Internet. Company has also got the Electronic Data Processing.
The company’s major strength is considered to be transportation
vehicles. Huge investment is made on transportation vehicles; a unique cash
outflow justifies itself by providing good reputation for the company through