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MGM-IOM/ Mini Project/ 2012
MGM-IOM/ Mini Project/ 2012
A MINI PROJECT REPORT
ON
TTK Prestige
By
Tushar Narayan CholeA 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 CholeRoll No.: R12008Division: ASemester-I (2012-13) MGMs
Institute of Management (IOM), CIDCO, Aurangabad (MS)
DECLARATIONI, undersigned, hereby declare that the mini project report on TTK Prestige submitted to the MGMs 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 ACKNOWLEDGMENT
My deepest thanks to Lecturer Ms. Bhakti Banwaskar the Guide of theproject 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, MGMs 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. MGMs
Institute of Management (IOM), CIDCO, Aurangabad (MS)CERTIFICATEThis 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 Ms. Bhakti Banwaskar Mr.Saha G.G. Dr. Pardeep KumarINDEX
TOPIC NAMEPAGE NO
PART 1- PROFILE OF COMPANY6-9
PART 2- ANALYSIS & STATISTICS10
PRODUCTION STATISTICS10-12
FINANCIAL ANALYSIS 13-14
HUMAN RESOURCE MANAGEMENT15
MARKETING STATISTICS16-18
FINANCIAL STATISTICS19
BIBLIOGRAPHY
20
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 & WORKS
Plot No. 38, SIPCOT Industrial Complex
Hosur - 635 126, Tamil Nadu.
CORPORATE OFFICE
11th Floor, Brigade Towers
135, Brigade Road
Bengaluru - 560 025.
FACTORIES
82 & 85, SIPCOT Industrial Complex
Hosur - 635 126
Tamil Nadu.
SF-234/1, Pollachi Road
Myleripalayam Village
Coimbatore - 641 032
Tamil Nadu.
Plot No. 1A & 2
Dev Bhoomi Industrial Estate
Roorkee - 247 667
Uttarakhand
BRANCHES
Ahmedabad, 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
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 TTKprestige hand blanders
Organization structure:
Board of Director:
Executive ChairmanShri. T.T. Jagannathan
Vice Chairman
Shri. 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.
Analysis & Statistics
PRODUCTION STATISTICS:
Last 5 years in turnover and analysis:
Yearly Results of TTK Prestige------------------- in Rs. Cr. -------------------
Mar '12Mar '11Mar '10Mar '09Mar '08
Sales Turnover1,103.43763.57507.94401.28325.94
Raw Materials------------------- in Rs. Cr. -------------------Mar 2008
Product NameUnitQuantityValue
OthersNot ApplicableNA116.50
AluminiumMetric Tonnes2,95047.29
Stainless SteelMetric Tonnes59311.11
Total174.90
Raw materials:
Raw Materials------------------- in Rs. Cr. -------------------Mar 2009
Product NameUnitQuantityValue
OthersNot ApplicableNA161.98
AluminiumMetric Tonnes2,96748.81
Stainless SteelMetric Tonnes4768.05
Total218.84
Raw Materials------------------- in Rs. Cr. -------------------Mar 2010
Product NameUnitQuantityValue
OthersNot ApplicableNA72.90
AluminiumMetric Tonnes3,43144.36
Stainless SteelMetric Tonnes5507.32
Total124.58
Raw Materials------------------- in Rs. Cr. -------------------Mar 2011
Product NameUnitQuantityValue
OthersNot ReportedNA105.20
AluminiumMetric Tonnes4,39169.12
Stainless SteelMetric Tonnes64110.48
Total184.80
Raw Materials------------------- in Rs. Cr. -------------------Mar 2012
Product NameUnitQuantityValue
ComponentsNot ReportedNA138.62
AluminiumMetric TonnesNA93.89
Stainless SteelMetric TonnesNA14.06
Total246.57
Raw Materials
Source : Dion Global Solutions Limited
Financial analysis
Own fund, Borrowed fund-
YEARS20122011201020092008
OWN FUND339.01339.01339.01339.02339.02
BORROWED FUND11089.059167.214089.181723.161340.31
(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.
Financial analysis:
Investment of fund in current assets and fixed assets
(Rs in Lakh.)
Years20082009201020112012
Current Assets4500485265691969868360
Fixed Assets520059756400914324010
ROI
ROI TTK.NS INDUSTRY SECTORROI:33.477.1911.40
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 )
Year20122011201020092008
Provision 160154.16152234.49126095.47119291.05119789.20
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
Marketing Statistics:
Yearly Results of TTK Prestige------------------- in Rs. Cr. -------------------
Mar '12Mar '11Mar '10Mar '09Mar '08
Sales Turnover1,103.43763.57507.94401.28325.94
Other Income3.084.301.140.501.49
Total Income1,106.51767.87509.08401.78327.43
Total Expenses928.31641.91432.92363.65294.66
Operating Profit172.04121.6675.0237.6331.28
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---0.593.79--2.83
Tax On Extraordinary Items----------
Net Extra Ordinary Income/Expenses----------
Gross Profit175.12125.9676.1638.1332.77
Interest5.640.761.145.657.67
PBDT169.48124.6178.8132.4827.93
Depreciation6.244.263.593.483.84
Depreciation On Revaluation Of Assets----------
PBT163.24120.3575.2229.0024.09
Tax49.8836.6022.786.623.42
Net Profit113.3683.7552.4422.3820.67
Prior Years Income/Expenses----------
Depreciation for Previous Years Written Back/ Provided----------
Dividend----------
Dividend Tax----------
Dividend (%)----------
Earnings Per Share100.1473.9846.3319.7718.24
Book Value----------
Equity11.3211.3211.3211.3211.33
Reserves271.62178.00110.6971.1755.40
Face Value10.0010.0010.0010.0010.00
Source: Dion Global Solutions Limited
Competitors in the market:
NameLast PriceMarket Cap.(Rs. cr.)SalesTurnoverNet ProfitTotal Assets
TTK Prestige3,132.353,546.161,103.43113.36302.40
Bajaj Electric224.652,239.783,098.85117.88887.02
Panasonic App80.3576.68179.86-12.7739.00
Khaitan Electric59.1067.97441.34-16.23356.26
Sujana Uni 3.0551.503,693.5728.571,124.41
Polar Industries2.755.830.06-5.40-91.91
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
_____________
168.881.4 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
BIBLIOGRAPHY-
I Have Taken The Help Of The Following Resources.
www.ttkprestige.com
www.moneycontrol.com
www.google.com
www.capitaline.com
Executive Chairman
Vice Chairman
Managing Director
Director
Director
Director
Director
Director
Director
Director & Whole-time Secretary
MGM-IOM/ Mini Project/ 2012 Page 21
_1412646458.xls
_1412666705.xlsChart1
2012339.0111089.05
2011339.019167.21
2010339.014089.18
2009339.021723.16
2008339.021340.31
Column1
own fund
borrowed fund
Sheet1
Column1own fundborrowed fund
2012339.0111089.05
2011339.019167.21
2010339.014089.18
2009339.021723.16
2008339.021340.31
_1412646138.xls