Envision Exports Pvt. Ltd. is in operation since 1994, with its head office in Ludhiana (India) and an associate office in Bangladesh. The company is engaged in Textile Sourcing Business of Fibers, Yarns, fabrics and garments from Suppliers spread over to India, Indonesia, China and Bangladesh.
MISSION To assimilate knowledge, To develop capabilities, & to manage collective enterprise to profitably tap global commercial advantages
BUSINESS A servicing and sourcing solution for textile needs, meeting the demands and requirements of the prestigious customers from all over the world.
PHILOSOPHY Services approach to customers’ needs Assured & committed services to customers Long term association based on mutual trust & confidence Reliable Textile sourcing solutions Sensitive Approach to Buyer’s needs
SERVICES To give complete yarns & fabrics sourcing for all varieties, adding to customer’s convenience. To provide weekly/ fortnightly market information which to their experience supports a lot in customers buying decisions. To provide complete sampling support to all of their customers. They have a dedicated desk for shipment follow - ups. Customers are updated through SMS, E-Mailing & can track shipments with a personal username & password over their website
MARKETS The company is only a middleman firm, taking products from their Suppliers here at Ludhiana and supplying their products to their precious customers worldwide.
CUSTOMERS The company has a regular base of customers in Korea, China, Egypt, Singapore and Bangladesh. All their prestigious customers are working for Top end final buyers like HNM, Zara, New Look, GAP, J.C. Penny, Tesco etc.
SUPPLIERS YARN SUPPLIERS Abhishek Industries Ltd.., India Aarti International Ltd.., India Garg Acrylic, India GTN Industries, India etc FABRIC & GARMENT SUPPLIERS Anowara knitting Ltd., Bangladesh Fakir apparels Ltd., Bangladesh Metro knitting Ltd., Bangladesh Northern corporation, Bangladesh Tung Hai Sweaters, Ltd.., Bangladesh Starlight Sweaters, Bangladesh
DEPARTMENTS Managerial department Mr. KanwalKhurana: He is the director and heads the overall organization. He administers the organization and sees the overall functions. Marketing Department Mr. JitinSethi. His main focus is how to develop a new market. He coordinates the working of various suppliers and focus on creating new customers. He keeps an eye on all the happenings around the market
Shipment Department: ShallyKapoor: She handles all the suppliers’ offers. She focuses on various contracts of the company and manages the existing customers of the company Mr. Shubham Sharma: - He handles all the commercial executions, post contracts. He also takes care of all the procedures related to LC mainly on its follow up and various commissions.
Mr. VibhanshuBhasin: He deals with all the logistic functions and takes care of all the shipment.
Technical Department: Mr. RishabAhuja: He takes care of all activities related to inspections. He handles all the complaints related to quality.
Accounts: Mr. Shambhu Gupta handles the activities related to accounts and takes care of banking, accounting and taxation. He keeps all the accounts of the company and maintains office security and insurance. BalwinderKaur: She handles all the office administration and cost control systems. She deals with all liaison work and relation support services.
FINANCIAL STATEMENT ANALYSIS Ratio Analysis is one of the most powerful tools of financial analysis. It is used as a device to analyze and interpret the financial health of an enterprise
Current Ratio= CurrentAssets/CurrentLiabilitiesFirm’s ability to pay its current liabilities out of its current assets.
Operating Cash Flow Ratio:-= Net cash flow from operating activities/Current Liabilities
COTTON Cotton is a soft, fluffy, staple fiber that grows in a boll around the seeds of the cotton plant. It is a shrub native to tropical and subtropical regions around the world, including the Americas, Pakistan, India and Africa. BOTANICAL NAME: GossypiumHirsutum FAMILY: Malveceae
CHEMICAL COMPOSITION of COTTON Cellulose 91% Water 7.85% Protoplasm, Pectin 0.55% Waxes, Fatty substances 0.40% Mineral Salts 0.20%
TYPES of COTTON EGYPTIAN COTTON SEA ISLAND COTTON PIMA COTTON ASIATIC COTTON AMERICAN UPLAND COTTON CANTON COTTON ORGANIC COTTON
VARIETIES OF COTTON IN INDIA J-34 LRA MECH- 1 HYBRID- 4
BT COTTON A genetically modified cotton to reduce heavy reliance on pesticides. A chemical harmful only to a small fraction of insects, most notably the larvae of moths and butterflies, beetles, and flies, and harmless to other forms of life
Cotton Role in Indian Economy Cotton & other textiles account for 1/3 of total exports. Cotton & textiles account for about 32% of foreign exchange earnings. Employment to about 60 million people directly or indirectly. Accounts for 7.5 % of total GDP.
GINNING SCENARIO Ginning: A mechanical treatment for cotton before it is converted into Yarn. Ginning in India is in poor condition. Over 3500 factories are in India, out of which only 2600 are under ginning operation.
TRASH Trash: The seed cotton IndianTrash scenario is good. Hand picked cotton in India has less trash as comparison to the machine picked cotton in USA, Australia, Uzbekistan and other countries.
CONTAMINATION Foreign content or impurity materials e.g. Alien fibers, colored threads, cloth pieces, human hair, plastic films, paper bits, metallic objects, oil, grease etc. Many of top Indian Varieties are most contaminated.
Various Issues in Cotton Sector Lack of irrigation facilities Cotton contamination Poor quality Lack of infrastructure Delayed Sowing Monsoon Dependence Poor Seed Quality BT Cotton issue
Contd… Water Pollution Soil Pollution Pollution due to Lint Child labor
Government Initiatives Technology Mission on Cotton Instrument Based Quality Evaluation System Integrated Cotton Cultivation (Icc) Front Line Demonstrations Technology Up-gradation Fund (Tuf) Scheme Elimination of Export Quotas Elimination of Credit Controls Elimination of Cotton Control and Transport Orders
FUTURE TRENDS OF INDIA’S COTTON PRODUCTION AND CONSUMPTION
TITLE: “Trends of Cotton in India with special focus on Punjab with respect to Yield, Acreage, Production and Export.”
Objectives of Study To study the Growth Trend of cotton in Punjab. To know the factors affecting the prices of cotton. To study the export trend of raw cotton.
RESEARCH METHODOLOGY A research methodology defines what the activity of research is, how to proceed, how to measure progress, and what constitutes success. Research Design: Descriptive research Sampling: Snowball Sampling Cluster Sampling
Universe: Totality of items in any field of enquiry. All cotton ginners & dealers who deals in cotton are the universe of study Population: Total of items about which information is desired. All the cotton traders & ginners who deal in cotton in Bathinda are the population of the study. Sample Unit: Every single individual cotton dealer & ginners who gave responses to me. Sample Size: 20 Cotton traders & ginners.
Source of Data Primary source: In primary data collection, person collects the data himself using methods such as interviews and questionnaires.Primary data is collected through questionnaires by visiting different cotton traders & ginners.
Secondary source Secondary data is data that has already been collected by someone else for a different purpose.Secondary data was collected from journals and websites.
Limitations of the Study The study is limited due to time constraint. The sample size is very small. The respondents were too busy to response. Language Barrier also limits the reach of the study. Earlier balance sheets were not provided as the company was earlier a proprietor firm.
Findings Induction of BT cotton in Punjab proved to blessings for Punjab cotton. Labor cost is the major factor affecting the production of raw cotton. Fiber length of cotton is also most sought out attributes by cotton purchaser. Demand plays a major role in the setting the prices of cotton. Current ban on cotton export is going to affect the cotton business.
Contd… INDIA: 2nd largest in Production, 2nd largest in Consumption, 2nd largest in exports but on 12th place in case of imports PUNJAB: 5th in production, area & yield. INDIAN COTTON exports continuously increasing & imports continuously decreasing.
CONCLUSION Cotton & Textile Industry being the second largest sector in Indian economy....in particular Punjab plays a very important role in export of cotton, as introduction of BT cotton proved to be a boon for the cotton producers. The Fiber length of the cotton plays an important role in the market as its demand is more by the purchaser resulting in day to day increase in prices of essential things and the labor cost is affecting the cotton production now.