Internship Report

1. INTERNSHIP ON TEXPORT INDUSTRIES PRIVATE LIMITED
Submitting in partial fulfilment of the requirements
for the Award of the Degree of
BACHELOR OF BUSINESS ADMINISTRATION
By
NIEL A DANAK
21COMF18
Under the Guidance of
DR P. KUMARASAMY
KRISTU JAYANTI COLLEGE (AUTONOMOUS)
K. NARAYANPURA, KOTHANUR POST,
BANGALORE - 560077
2023 – 2024

2. KRISTU JAYANTI COLLEGE (AUTONOMOUS)
CERTIFICATE FROM GUIDE
This is to certify that this internship work titled Internship at Texport Industries Private Limited is
based on an original study conducted by Niel A Danak (21COMF18) of V semester BCom under my
guidance.
This internship work has not formed the basis for the award of any degree/ diploma by Bangalore
North University or any other university.
Place: Bangalore
Date: 10th
September 2023 Dr P. Kumarasamy

3. KRISTU JAYANTI COLLEGE (AUTONOMOUS)
CERTIFICATE FROM INSTITUTION
This is to certify that this internship work titled Internship at Texport Industries Private Limited is
based on an original study conducted by Niel A Danak (21COMF18) of V semester BCom under the
guidance of Dr P. Kumarasamy.
This internship work is based on original and has not formed the basis for the award of any
degree/diploma by Bangalore North University or any other University.
Head of the Department
Place: Bangalore
Date: 10th
September 2023

4. DECLARATION
I Niel A Danak, hereby declare that this internship work titled Internship at Texport Industries
Private Limited is based on the original study conducted by me under the guidance of Dr P.
Kumarasamy
This has not been submitted earlier for the award of any other degree/diploma from Bangalore North
University or any other University.
Place: Bangalore
Date: 10th
September 2023
Reg. No: 21COMF18 Niel A Danak

5. COMPANY COMPLETION CERTIFICATE

6. Table of contents
S.
N
o.
Chapter
No.
Particulars
No of
pages
1 1 Introduction
2 2 Industry Profile
3 3
3 C Analysis – Company,
Customer, Competitor
4 4
Organizational Structure/
Departments Profile
5 5 SWOC Analysis
6 6 Learning Outcomes
7 7 Conclusion
Total 40

7. 1
INTRODUCTION
As a part of my studies in B.com at Kristu Jayanti College, Autonomous, I started my internship
from the date 14/06/2023 (14th
June 2023) till 14/07/2023 (14th
July 2023) which is for 1 month
at the Texport Industries Pvt Ltd. Texport Industries is in the business of manufacturing and
export of woven and knitted apparel and knitted fabric. In the company, I was a part of Internal
Audit team which worked on various fabric, knits and other raw materials which is needed in
manufacturing of clothes.
Texport is a garment manufacturing industry which is concerned with production of T-shirts,
shirts for all age category and gender category. The Audit work in Texport is done in a software
named, World Fashion Exchange (WFX). WFX is a cloud-based fashion tech collaborative suite
that allows fashion brands, apparel manufacturers and consumer goods business to centralise
product information, streamline mundane processes, and improve product quality. The entire
Internal Audit work is done in this software which helped the auditors in various ways like;
*To monitor and audit the Internal Cost sheet which was prepared by the accounts department
where the costs of various fabrics, knits, etc. which is used to produce a cloth with other non-
production costs are added and are cleared for deriving the final cost.
*To undergo bank transactions and clearing bank vouchers of the date.
*To clear the debit notes and credit notes occurred.
*To clear bills receivables and bills payable.
As Texport is a huge manufacturing industry it does not have only 1 unit. There are various units
of Texport.
My work during the internship was to track the transfer of fixed assets of the company. The fixed
assets consisted of the machines used in the manufacturing of the garments like Sewing
Machines, Utilities, etc in the My Asset software. My Asset is a software which is used by the
company to keep the track of transfer of the fixed assets from one unit to another. This software
helps in monitoring the movements of machines between one unit to another to keep track and
status of the machine.
My role was to extract the transfer report from the software and convert it into an excel format to
check the transfer of assets from one unit to another for the year 1st
April 2022 to 31st
March
2023 and generating a report on outwards and inwards from the outside parties which was
regarded as temp store and then checking the same with WFX.
From this task I learnt a lot of things like,

8. 2
 how in bulk the machines are transferred from one unit to another in bulk for which a Delivery
Challan (DC) is issued.
 What kind of variety of machines are used behind making one garment.
 How the machines movements are recorded in the software with a particular format which
includes article name, date, document number, party names, etc.
Most of my daily task was to record these movements in excel for the preparation of the
consolidated reports of inwards and outwards of machines as the machines to the third parties
were in bulk and the final report to audit by my senior auditor Mr. Rohit Choraria.
After completing the task in my asset software, my work was to match with WFX Software and
finding out the party names to know that to whom the machines are sent to or received from.
This was my overall task during my internship period at TEXPORT.
Signature of guide

9. 3
INDUSTRY PROFILE
Texport Industry Private Limited (formerly Texport Garments) is a fully service group, based in
India, built on a platform that strives to achieve a synergy that cannot be compared to the rest,
thus allowing us to provide quality apparels, worldwide. Strategically located in Mumbai,
Bangalore, Tirupur, we harness the best geographical resources available. TIPL, an Underwriters
Laboratories certified ISO 9001:2000 company is a well-known and reputed business house for
its ethical standards and commitment. It is closely held by the Goenka family since its inception
in 1978.
TIPL is one of the most well-known and reputed business houses in the garment industry, in
India as well as in the International markets. It is one of the first companies in India to start
export operations. It is known for its quality and commitment to social responsibility, it is a
pioneer in valuing human relationships. TIPL produces in excess of 1.4 million garments a
month (17 million annually) from 19 directly owned facilities.
TIPL’s real strength lies in its production, product development and New York presence, with
the company’s management laying emphasis on QUALITY AND PRODUCTIVITY. The
company also has highly skilled associates and trained personnel ensuring quality at every level.
A lot of attention is given to DETAIL. They hire the best in the industry and make no
compromises when it comes to Human resources. They have skilled and technically qualified
personnel manning the machines and processes.
It produces and manufactures woven and knitted garments for all the men and women categories
of all age and serves with best quality. Texport is backwardly integrated to produce knitted fabric
of cotton, and blends of various weights for self-consumption as well as for sale.
Texport is a well-recognized business house in the apparel industry. It is amongst the initiators of
apparel exports from India.
It is always known for its ethical, commitment and people- first approach to business, it has been
recognized and awarded by its customers and government authorities for its performance, quality,
delivery, and sustainability.
Texport was instrumental in launching a couple of clothing brands,

10. 4
 Robert Graham
 Art & Eden, in the United States and other International markets.
For us, our biggest asset is the people. Our ethos of being a people first business has led Texport
to be a team of dedicated professionals who are adaptive and mirror the operations of our
customers to best fit their individual requirements.
The company has highly skilled and efficient workers and employees who work with utmost
integrity and give their efficiency at their level best with technicality. We also allow interns to do
their
4
internship to gain the industrial knowledge at its best with the a very beautiful work environment
with efficient employees so that the interns get the best knowledge of the industries related to
garments.
We employ 10000+ people, the majority of which are women, who appraise and teach us on
Work-Life balance by efficiently managing their homes, as well as work in our production
facilities.
Texport Industries Private Limited (TIPL) is a non-government company, which was
incorporated on 13th
December 1979.
It is a private unlisted company and is classified as company limited by shares.
Company’s authorised capital stands at Rs.150.0 lakhs and has 87.352005% paid up capital
which is Rs 131.03 Lakhs. Texport Industries Private Limited last annual general meet (AGM)
happened on 29th
September 2017. The company last updated its financials on 31st
March 2017
as per Ministry of Corporate Affairs (MCA).
Texport Industries Private Limited is majorly in Manufacturing textiles business from last 44
years and currently, company operations are active.
Current Board Members and directors are:
 Neeraj Sajjan Kumar Goenka
 Suresh Deviprasad Goenka
 Shailesh Sureshkumar Goenka

11. 5
 Sajjan Kumar Debiprasad Goenka
 Arun Kumar Goenka
 Sajjan Kumar Goenka
 Narendra Kumar Goenka.

The company is registered in Mumbai (Maharashtra) Registrar Office.
Texport and WFX
Here are some of the challenges faced by Texport, with steady growth Texport has grown its
production capacity with over 6000 machines spread across 19 different factories. However they
did not have centralised coordination systems across these manufacturing units.
Business terms had to e-mail instructions and requirement details to suppliers and factory
managers. Even inventory and quality checking records existed in physical formats. While they
had a full-fledged in-house design team to create and develop exciting collections each season,
their style libraries were scattered, and designers made tech packs in excel.
In addition, budget approvals had to be managed through paper documents meaning that even the
simplest cost revisions took a few days to reflect in the senior management’s dashboard.
5
Even the accounting department had to feed in order and purchase details manually. This is what
pushed Texport to look for a one-stop-shop technological solution that would allow them to
manage their fashion supply chain better.
Impact after implementing WFX
World Fashion Exchange (WFX) is a global software organisation providing customisable cloud-
based software exclusively designed to cater the needs of Apparel, Fashion and Home goods
industries.
The Following ways helped Texport after implementing WFX,
 WFX has helped Texport get a centralised view of all their production units. The
management can see what’s happening across units, departments, functions and clients in
real time through the WFX Platform.

12. 6
 WFX allows Texport to digitize and automate time-killing process at every stage. For
instance, the design team can easily create digital tech packs in WFX with centralised style
libraries. Everyone always has access to the latest version of tech pack so there is no
confusion.
 WFX has streamlined Texport’s supplier communication. They can share tech packs and
purchase orders directly through the system. They can also automate Advance Ship Notices
and Invoices to generate from Purchase orders, thereby reducing errors by 35%.
 WDX Accounting and financial module facilitates an integrated accounting system that
auto-triggers credit and debit notes for returned materials and update purchase orders and
invoices. This has helped them be more successful by saving time and eliminating the
redundancy of data by 85%.
 Inventory management is now tightly connected to sourcing, accounting, costing and
manufacturing functions.
 Accounting has been efficient with Purchase Orders are prepared with no
Mistakes.
 All departments have access to real time reports of inward and outward inventory across
Texport’s warehouses.
6
Vinay Advani, IT Head, Texport said, “Implementing WFX ERP was easier than we had
assumed. Their implementation team was extremely skilled, knowledgeable and approachable.
Despite the insane scale and complexity at Texport, we had a smooth transition to WFX”.
Shailesh Goenka, CEO, Texport said, “WFX has been a timely addition to our infrastructure. It
has synchronised disparate processes into a single master platform where every stakeholder can
perform his/her job much more efficiently and coordinate with cross-functional teams for
delivering high-quality products and services consistently”.
Overall, the successful implementation of WFX ERP at Texport Industries demonstrates the
potential benefits of digitalising and automating business processes. As the fashion industry
continues to evolve, it is crucial that businesses adopt innovative solutions to stay competitive

13. 7
and WFX ERP provides a viable option for companies looking to digitally transform their
business processes.
WFX is a leading provider of cloud-based enterprise resource planning software for the fashion
industry with over 600+ clients across 50 countries. The company’s comprehensive platform
streamlines supply chain management, product development and production planning for fashion
brands, manufacturers and buying houses.
Texport Industries Pvt Ltd is not the sole industry, because of its large-scale manufacturing it is
divided into other units also: -
Texport Apparels LLP is a limited liability partnership firm incorporated on 14th
December
2015. It is registered at Registrar of Companies, Bangalore. Its total obligation of contribution is
1,00,000.
Designated partners of Texport Apparels LLP are Rekha Subhash Kad, Sanjiv Mellimi, Anu
Anup Jhunjhunwala, Millind Shrikrishna Bedekar, Shailesh Suresh Kumar Goenka, Sajjankumar
Goenka, Pranav Vinod Adani, Manisha Jha, Suresh Deviprasad Goenka, Saritadevi Narendra
Kumar Goenka.
Texport Apparels LLP’s last financial year end date for which Statement of Accounts and
solvency were filed is N/A and as per records from Ministry of corporate affairs (MCA) date of
last financial year end date for which Annual return were filed.
Its identification number is (LLPIN)AAF-3198.
Texport Overseas Pvt Ltd, is a quality garment export company and has seen meteoric growth
in a very short span of time. The company has always focused on production and export of high-
quality fashion garments. The company is motorised by the efforts of about 14000 employees.
With 8 production factories along with the company owned washing and embroidery units, they
are a formidable force to meet any goal and deadline. Their main markets are USA and European
Union. The organization has the capacity to produce over
8,00,000 high-quality garments every month. The personnel in the quality assurance department
ensures that every garment meets the quality standards of the client. The company has an annual
turnover of 90 million US Dollars.

14. 8
Some of their core strengths are: -
 They are one of the largest exporters of Woven Outwear and Bottoms in India for Men,
women and kids.
 Highly experienced and dedicated quality team to deliver the highest standards of AQL
required.
 Highest On time delivery performance in the industry.
 One of the Biggest laundries with a capacity to wash 40000 Garments per day.
 Follow Best practices of corporate social responsibility in the industry.
 Lowest Attrition Rate of manpower in the industry.
 Strong track record of on time payments made to supply chain associated with us.
 Clientele lists speaks for itself- GAP INC, ARMANI EXCHANGE, ANNTAYLOR,
AMERICAN EAGLE, SUPERDRY.
 Texport Overseas also follows and maintains a social responsibility policy,
 At Texport overseas, Human resource values and employee welfare have always been a
guiding factor.
 “We are committed to implement, sustain and continuously improve through involvement
of all employees”.
It conducts its business in an ethical manner in all the factories and establishments owned by it
and does not have any discrimination based on Gender, caste or religion.
Not only Texport apparels and Texport overseas, it also has various other units like TIPL 01,
TIPL 06, TIPL07, U15 LLP, HPPL 11 which is in the outer states also.
Here is a summary of financial information of Texport Industries Private Limited for the
financial year ending on 31st
March 2022:
 Revenue/turnover of Texport Industries Private Limited is over INR 500 Cr.
 Net worth of the company has increased by 15.95%.
8

15. 9
 Earnings before Interest Tax. Depreciation and Amortisation (EBIDTA) of the company
has increased by 45.68%.
 The Total assets of the company has increased by 21.67%
 Liability of the company has increased by 44.41%.
 The Debt-Equity ratio is 0.57
 Fixed assets decreased by 9.44%
 Current assets increased by 38.04%
 Trade receivables is increased by 36.27%
 Trade payables is increased by 47.09%
 Current ratio is 1.55.
VISION
Vision of Texport Industries Pvt Ltd is to be recognized as a premier quality manufacturer and
supplier of Hi-Fashion apparels, embodying thus the spirit of commitment and humanity.
MISSION
The Mission of Texport Industries is as follows:
*Deliver on time, every time.
*An eye on product quality and integrity.
*Comply with the needs of the statutory regulatory authority of individual clients.
*Highest productivity, thereby offering a cost advantage and cost efficient to clients.
VALUES
*Their biggest asset is their people. They are devoted professionals who take pride in their
accomplishments.
*“Success is sweetest when it is shared”. Their success and recognition are in part due to their
passion for delivering top quality products and services to their customers.
*They are mission driven and result oriented, and when they promise, they deliver.
MAJOR CLIENTS
Some of the major clients of Texport Industries Pvt Ltd are:
 American Eagle Outfitters
 Arrow, Bells
 Dillards

16. 10
 Caribbean Joe
9
 Blair.com
 Bass
 Mervyns
They are the major clients of Texport Industries.
Texport Industries Pvt Ltd- Unit 19
Texport Industries Pvt Ltd Unit 19 had started in KINFRA Apparel Park, kazhakuttom,
Trivandrum, Kerala in November 2nd
2007 as a part of social responsibility. The aim of starting
the company is to provide job opportunities to all poor women. The manufacturing unit had a
capacity of producing 15000 pcs a month. The unit was working under the head office of Texport
Industries which situated in Bangalore. The office includes the production coordinator, Human
Resource management, quality assurance, administration, etc.
The manufacturing unit headed by one of the managing directors Mr. Sasi Sekhar. Texport
manufacturing unit 19 has won worlds 1st
green certificate by H&M styles. This certification was
given for the industry for following all norms and regulations. Texport was manufacturing all
types of garments majorly shirts of styles like Sonoma, Apartment, Helix, etc. Texport has
almost all types of machine and systems which provides them a good amount of profit. There are
almost above 1000 workers who are working sincerely for the improvement of the company.
They hire workers those have an age of above 18 years and with minimum educational
qualification or not.
The company has a very good infra structure and good atmosphere. They have a very active
Human resource management and administration. These departments will take care of the
labour’s satisfaction and complaints. They clarify all the problems and the recruitment programs.
Texport has located its production facilities around the world, wherever it costs them the
cheapest to produce and export their products. Texport will get subsidiaries from Kinfra Apparel
Park which has implemented for the development of industrial environment in Kerala.
The Texport industries can be divided into four:
*Fabric, Cutting, *Production, *Finishing

17. 11
Overall, Texport Industries is most demanding industry in the field of garments with efficient
employees and effective workers with thorough dedication and quality assured garments with
100% integrity and honesty. It also has its essence in the international market where they export
the products abroad in China, USA, UK, Canada and many more international countries with a
huge demand.
10
It is one of the most known industry in the category of garments where there is an effective
administration and the internal control department and it also contributes to the society by giving
eco- friendly products and generating employment and providing jobs to women and also
assuring effective.
Signature of Guide

18. 12
3C ANALYSIS
The 3C Analysis Business Model was developed by Japanese business strategist Kenichi Ohmae.
The 3C Model is a marketing tool that focuses on customers, competitors, and the company. At
the intersection of these three variables lies an effective marketing strategy to gain a
potential competitive advantage and build a lasting company.
The 3C’s model of marketing is one of the most important tools that helps organizations in designing
their marketing strategy. This model along with the 4P’s, also known as the marketing mix, considers
the various factors critical to the success of any business strategy.
Customers are the most important of the three components, for without customers there can be no
company nor any way to gain a competitive advantage. Ohmae believed that customers were the
foundation for any strategy and that the goal of any business should be to support the interests of
the customer and not shareholders, for example.
A business must know where it stands in relation to its competitors. Is it bigger? Smaller? Is the
competition trying to take market share from the business, or is the opposite true? According to
Ohmae, competitor-based marketing strategies involve looking for a point of difference in
purchasing, engineering, sales, or servicing.
The 3C analysis for a company is very important for a company like Texport to gain customer
acquisition requirements for the product category they sell and should equally give importance to
the customers so that the business run properly in an efficient way, monitor the competitors
analysis to change business strategy if needed, and then company analysis to know that where the
firms stands and what is the position it can be in future and will also help the customers to
analyse that which company to be chosen to purchase.
The 3C Analysis for a company of a Garment Industry is equally very important to know about
its competitors and customers and company where the most important one is the customer.
Garments being a consumer good will always have a high demand because it is made for daily
use. A good customer acquisition process and customer analysis will make s good impression on
the firm. At the same time even the competitor’s analysis is very important as there are many
numbers of industries who are in the business of Garments will help the firm to grow more.

19. 13
COMPANY ANALYSIS
Texport Industries Private Limited (formerly Texport Garments) is a full- service group, based in
India, built on a platform that strives to achieve a synergy that cannot be compared to the rest,
thus allowing them to provide quality apparels, worldwide.
Strategically located in Mumbai, Bangalore. Tirupur and Kerala, they harness the best
geographical resources available. TIPL, an underwriters Laboratories certified ISO 9001:2000
company is a well known and reputed business house for its ethical standards and commitments.
It is a company which is closely held by Goenka family since its inception in 1978. Texport
Industries Private Limited is one of the most well known and reputed business houses in the
garment industry which is in India as well as in the international markets. It is one of the first
companies in India to start export operations. Known for its quality and commitment to social
responsibility, it is a pioneer in valuing human relationships. Texport Industries Pvt Ltd produces
an excess of 1.4 million garments a month (17 million annually) from 19 directly owned facilities.
TIPL’s real strength lies in its production, product development and New York presence, with
the company’s management laying emphasis on QUALITY and PRODUCTIVITY. These 2
are the main objectives and goals of Texport Industries to provide assured quality of goods and to
maintain stability and growth in the business. It represents an organisation that is progressive,
innovative and forefront of competition. The company also has well trained employees in the
organisation which helps the organisation or the business to develop even more in a better way
where each and every employee in the organisation works in a tactful manner and completing
their tasks efficiently whether it is the audit team or HR team pr can be design team. The
personnel work with utmost integrity and honesty and applies necessary skills required.
In the company a lot of attention and importance is given to DETAIL. They hire the best in the
industries and they make no compromises when it comes to Human Resources. TIPL is a major
player in the readymade garment industry across the globe or internationally. They have a
heritage of leadership to honour or preserve. They have an annual revenue of USD 80 million by
19 owned fully equipped and modern manufacturing facilities. Their facilities are engineered by
the renowned Kurt Salmon Associates in association with Technopak. They specialised in
manufacture of Men’s, women’s and children tops. They have a capacity to produce and export
1.6 million garments a month. The overall Texport industries will have 15000+ employees and
6000+ machines. The machinery and equipments used in the manufacturing process of the

20. 14
garments are used in an effective way where the machines if expired are not used and quality is
fully assured related to machineries
like sewing machines. A fully-fledged in-house design team were creating and developing
exciting collections each season and presence in NYC, USA.
Texport has been recognized by the Indian government authorities for its contribution to exports
from India. They got appreciations for Customer admirations for outstanding performances and
creativity.
Texport has premium label by the name “ROBERT GRAHAM” across the US and other
international destinations as well. They recognize the differently challenged in their employment
and give them an equal opportunity to lead a normal life. For this endeavour they were
recognized by their excellency, the governor of the state of Karnataka, India, and were awarded
on behalf of the National Association for the Blind.
The Goenka family has floated the ‘Smt. Shivdevi Deviprasad Goenka Foundation’ associated
with the ‘Rotary D.G. Goenka Blood Bank’, which conducts free medical camps every quarter
benefiting hundreds of patients having various ailments. It also runs a free hospital and gives
medical treatment that specializes in cataract operations and other ailments. This shows that the
organisation is not only good in business but it also follows Corporate Social Responsibility
(CSR) and contributes well to the people and society.
 The overall Vision, Mission and value is that
 To be recognized as a premier quality manufacturer and supplier in the field of garment
industry
 On time delivery
 Monitoring the quality and integrity of the product
 Never disappointing attitude towards the customers
 Comply with the statutory regulatory authority of individual clients.
 Assuring highest productivity and efficiency in the manufacturing.
Texport Industries Private Limited also does the movement of its assets which is used for
manufacturing purposes. Assets like Sewing Machines, Electricals, etc are recorded in a software
named MY Asset and then it is transferred or sent to other units as well. It not only sends to other
units it also sends to third parties which is regarded as Temp Stores for the use of machines.

21. 15
These transfer of machines helps the different units in building the capacity of their production
and can manufacture garments in bulk.
Growth of Texport
Bengaluru–based Texport Industries is a leading textile manufacturing company that produces 2
million units per month of men’s, women’s and children’s apparel for customers globally. The
14
family-owned company is CAP-certified (natific Color Accreditation Program) and works with
natific’s ASAP and ColorWarehouse systems to manage colour digitally. The company is known
for its strong focus on sustainable manufacturing. It has invested in sustainability initiatives such
as water recycling and solar energy. Giving an overview of the company, Raghavendra Shah,
Vice President (Knits), states, “Texport Industries is a vertically integrated garment export house
that produces 2 million knits and woven garments per month.”
“We have a 20-ton per day fabric mill that is equipped with knitting, yarn dyeing, fabric dyeing,
and fabric finishing lines,” he adds. Pointing out the reason behind the company participating in
the natific Color Accreditation program (CAP), he says, “As the world is moving towards more
efficient technology and also success in production becomes more system-driven, a couple of
such thoughts led us to natific.” Speaking about his experience with the CAP certification
process, he mentions, “It was good learning and exposure in terms of improving colour matching
efficiencies and getting the system more disciplined.” According to him, it helps get an edge on
lead times, compliance and better colour management. Right first time, archives etc., were some
of the benefits he hopes the company would get because of the CAP certification.
It has also focused on the sustainability process, speaking about the investments that the
company has made into sustainability initiatives, Shah elaborates: “We have invested in solar,
effluent treatment plants (ETP), zero liquid discharge (ZLD) and the latest technology process
machines which in turn save water and chemical consumption. Sustainability is the need of the
future. It is needed for survival and also for the sustainability of the industry, human civilisation
and the environment.”
Shah adds that customers are also becoming more aware of sustainability initiatives. “The
customer is definitely speaking this language and therefore we need to speak the same.
Nevertheless, sustainability is what we need and we have to take that route,” he states. When
queried on what the process looked like before Texport Industries made sustainability

22. 16
investments, Shah notes: “Since the mill was set up only five years back, we were clear on the
sustainability roadmap; hence, provisions were and are being made accordingly.”
He also adds that a sustainable colour process helps in better selection of suitable dye
combinations and also avoids multiple failed attempts. According to him, using the right
equipment, the right knowledge flow across the organisation, reduction in carbon footprint, work
on chemicals, energies, etc., are some of the initiatives that companies can take to be more
sustainable in their manufacturing processes. This was the reason for the growth of Texport
Industries.
Following are some of the Highlighting financials and statistics of Texport Industries Private
Limited:
Texport Industries Private Limited is a Non-govt company, incorporated on 13 Dec, 1979. It's a
private unlisted company and is classified as ‘company limited by shares.
Company's authorized capital stands at Rs 150.0 lakhs and has 87.352005% paid-up capital
which is Rs 131.03 lakhs. Texport Industries Private Limited last annual general meet (AGM)
happened on 29 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per
Ministry of Corporate Affairs (MCA). Company is registered in Mumbai (Maharashtra) Registrar
Office. Texport Industries Private Limited registered address is 506 & 507, CTS-42, 455(PT) 429
HUBTOWN SOLARIS SAIWADI, NS PHADKE RD, NR GOKHALE BRIDGE, ANDHERI E
MUMBAI Mumbai City MH 400069 IN.
 The Revenue or Turnover of Texport Industries Private Limited is over INR 500 Crore.
 The Net Worth of the company has increased by 15.95%
 EBIDTA which is the Earnings Before Interest Depreciation Tax and Amortisation has
been increased to 45.6%.
 Total Assets of the company has increased by 21.6%
 Total Liabilities of the company has been increased to 44.41%
 The Debt Equity ratio comes to around 0.54
 Return on Equity (ROE) is 11.9
 Trade Receivables and Trade Payables are 36.27% and 47.09% respectively.
From these financials and statistics we can find some of the pros and cons where the revenue 500
Cr is generated which is a positive aspect but the total liabilities is increased to 44.41% and
Payables are increased to 47.09% which is greater than receivables.

23. 17
COMPETITOR ANALYSIS
Market research involves gathering information on the needs of your potential customers and
determining how viable your new products (or business) will be in today’s highly competitive
fashion industry. We can conduct market research to develop a clear idea of your target market,
collect opinions from actual consumers likely to purchase your products, and reduce the risk of
releasing goods nobody wants or needs.
Market research puts us in direct contact with potential consumers who have the shopping
experience to provide valuable and actionable feedback.
Use market research to:
 Recognize your target customer’s pain points, expectations, and tastes;
 Segment markets to deliver the right products and messaging to the right consumers;
 Explore new markets and the potential they offer;
 Identify opportunities to create new products and test them to determine the viability;
 Gather information on price points to align with customer spending habits;
 Prioritize the most valuable and popular products based on trends and feedback, which
helps you increase sales and reach out to a more extensive consumer base;
 Experiment with marketing techniques and messaging;
 Gain insights into your competitors;
 Learn about customer satisfaction and how you can cultivate it with your products and
service
In India particularly pertaining to the field of garment industry there is no monopoly where there
is no control of one industry in the field of garments. There are a lot of companies or industries
who compete with each other to survive in the market. Market Research and Competitors
analysis for a company is an important aspect for a company to gain its name in the market
because it helps to know their standing in the market or position in the market. The main purpose
for competitors’ analysis is to understand your competitor’s strengths and weakness in
comparision to your own and to find a gap in the market.
A competitor analysis is important because:

24. 18
 It will help you recognise how you can enhance your own business strategies and will
also help in doing amendments.
 It will tell you how to compete with your competitors and out stand them in specific areas
so that you can gain customer attraction.
 It will help in resulting in a competitive edge over others in your sector.
Texport Industries Private Limited is a well-known garment industry but does not have complete
control for the category they sell i.e., monopoly. There are a lot of industries who are into the
category of garments and it is because there is a lot of demand of the public as it is a consumer
good. There is competition between industries because there is a lot of variety and product
differentiation a company brings from their company by which the demand of the consumer
shifts from one side to another. The competitors are of many types in the market and they are:
 Direct Competitors are one type of competitors who probably comes to mind when you
think of your competition. These are the business who offers similar or identical products
or services in the same market. They also sell for the same customer base. Ex: IOS vs
Android.
 Indirect Competitors are also one of the type of competitors, where they are the
businesses in the same category that sell different products or services to solve the same
problem. Ex: Subway and Taco Bell are in the category of fast food but they provide
different menu options but solves the same problem of customers which is hunger.
 Replacement Competitors are also another type of competitors which offers an
alternative to the product or service that you offer. Both the companies seek to solve the
same points but the means of doing is different. Ex: A restaurant and a coffee shop.
Here are some of the competitors of Texport Industries Private Limited:
 P.C Jain Textile Pvt Ltd, founded in 1962 by founder Prakash Chand Jain. It is a 55-
year-old establishment with integrated textile units company specialises in computer and
schiffley embroidery fabrics, trims, nets and laces etc. It is one of the leading
manufacturers of laces, narrow fabrics and embroideries. With over 5 decades of legacy
and 3 generations of experience, PCJS continues to grow and innovate its processes. With
base over 10,00,000 designs this group of teams is involved in continuous value creation
and innovation through its unique product range catering to changing fashion trends in
the industry. In lieu with latest fashion trends, they undertake new product developments
and design customization for buyer’s specific needs. With continuous annual upgradation
in infrastructure at all locations based out from Okhla have manufacturing locations in

25. 19
Manesar, Noida and Amritsar catering to garment manufactures working for top brands
like Zara, top shop, Walmart. Their product ranges from Fancy Braids, Embroidered
Fabric and Laces, Crochet fabrics and Laces, Nets,
 Tapes, Motifs, Appliques and made ups, Ribbons and other allied items. This is a very
big competitor to Texport Industries in terms of product variety and various allied items.
 Southern Tex Exports India Limited, is a public company incorporated on 11
November 1971. It is classified as non-Govt Company and is registered at Registrar of
Companies, Chennai. Its authorised share capital is Rs 1,35,00,000 and its paid-up capital
is Rs 1,30,95,000. It is involved in the manufacturing of wearing apparel, except fur
apparel which includes manufacture of wearing apparel made of material not made in the
same material not made in the same unit.
 My Textiles Private Ltd, is a private company which was incorporated on 11 December
2002. It is classified as a non-Govt company and is registered at Registrar of Companies,
Bangalore. It deals in the manufacturing of wearing apparels, fabrics and knits. Its AGM
was last held on 25 October 2021 and as per records from Ministry of Corporate Affairs
(MCA).
 Exim Knits Private Limited, is one of the primary manufacturers of Apparel and
Garments and logo embroidered T-Shirts, Men’s Short sleeve T-shirts and many other
manufacturers of garments infused with the aim to deal in the best quality Apparel and
Garments Exam Knits. Its authorised share capital is Rs 1,50,00,000 and its paid-up
capital is Rs 1,32,00,000. Its last AGM was held on 29 November 2021 as per the records
of MCA.
 Cosmic Cottex Private Limited, is a Private incorporated on 18 September 2013. It is
classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its
authorized share capital is Rs. 13,000,000 and its paid-up capital is Rs. 13,000,000.
Cosmic Cottex Private Limited's Annual General Meeting (AGM) was last held on 30
November 2021 and as per records from Ministry of Corporate Affairs (MCA), its
balance sheet was last filed on 31 March 2021.
 Mittal Creations Private Limited, is a Private incorporated on 28 March 2005. It is
classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its

26. 20
authorized share capital is Rs. 15,000,000 and its paid-up capital is Rs. 12,976,600. It is inolved
in Manufacture of wearing apparel, except fur apparel [this class includes manufacture of
wearing apparel made of material not made in the same unit. Both regular and contract activities
are included.
Mittal Creations Private Limited's Annual General Meeting (AGM) was last held on 30
November 2021 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet
was last filed on 31 March 2021. Directors of Mittal Creations Private Limited are Naresh Kumar
Mittal, Anita Mittal, Suresh Mittal and Sanjay Mittal.
 Ganga Jeans Private Limited, is a Non-govt company, incorporated on 04 Nov, 2008.
It's a private unlisted company and is classified as company limited by shares. Company's
authorized capital stands at Rs 200.0 lakhs and has 64.61% paid-up capital which is Rs
129.22 lakhs. Ganga Jeans Private Limited last annual general meet (AGM) happened on
29 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of
Corporate Affairs (MCA). Ganga Jeans Private Limited is majorly in Manufacturing
(Textiles) business from last 15 years and currently, company operations are active.
Current board members & directors are NARENDRA BARMECHA, SIDDHARTH
BARMECHA and SANYAM LATA BARMECHA. Ganga Jeans Private Limited
registered address is PROPERTY NO.10, ABADI MAHILA COLONY GANDHI
NAGAR, SOUTH CHIRAGAH, IIAQA, SAHADARA DELHI New Delhi DL 110031
IN.
 Think Finance Private Limited, is a Private incorporated on 27 January 1994. It is
classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its
authorized share capital is Rs. 13,260,000 and its paid-up capital is Rs. 13,255,000. It is
inolved in Manufacture of wearing apparel. Think Finance Private Limited's Annual
General Meeting (AGM) was last held on 30 September 2022 and as per records from
Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2022.
 Nameson Holdings Limited, is a knitwear manufacture in the People's Republic of
China (PRC). The Company offers one-stop in-house solutions for its customers
comprising design origination, raw material procurement, sample product development,
quality products and timely delivery. Its knitwear products include sweaters, pullovers,
cardigans, vests and accessories that are mainly exported to its international apparel brand

27. 21
customers. Apart from its mainstream products which include women'swear and
men'swear, the Company also produces children'swear products and knitted accessories
such as scarfs, hats and gloves.
They are also the huge competitors of Texport Industries Private Limited.
 PT Trisula International Tbk, is a publicly listed holding investment company
specializing in garment manufacture and the management of popular and lucrative
clothing brands. The company floated on the Jakarta Stock Exchange in 2012 (TRIS).
 Sunrise Dyers And Processors Private Limited is a Private incorporated on 02
February 2010. It is classified as Non-govt company and is registered at Registrar of
Companies, Chandigarh. Its authorized share capital is Rs. 13,000,000 and its paid-up
capital is Rs. 12,900,000. It is inolved in Manufacture of wearing apparel, except fur
apparel [this class includes manufacture of wearing apparel made of material not made in
the same unit. Both regular and contract activities are included]. Sunrise Dyers And
Processors Private Limited's Annual General Meeting (AGM) was last held on 30
September 2022 and as per records from Ministry of Corporate Affairs (MCA), its
balance sheet was last filed on 31 March 2022. Directors of Sunrise Dyers And
Processors Private Limited are Rohit Aggarwal, Kunwar Mahajan, Divish Mahajan,
Rajesh Kumar, Santosh Kumar and Manan Mahajan.
Sunrise Dyers And Processors Private Limited's Corporate Identification Number is (CIN)
U18100PB2010PTC033566 and its registration number is 33566.
 Vijayalakshmi Fibres Private Limited is a Private incorporated on 10 April 2013. It is
classified as Non-govt company and is registered at Registrar of Companies, Hyderabad.
Its authorized share capital is Rs. 20,000,000 and its paid-up capital is Rs. 13,000,000. It
is in the business of Knits and Woven and also Apparel and Fashion Garments.
These are the competitors of Texport Industries Private Limited and each and every competitor
firm has a tough competition in the market as few are the direct competitors and few are indirect
Competitors who come up with the same category of garments but with differentiation in the
product which creates a tough competition.

28. 22
CUSTOMER ANALYSIS
Customer Analysis for a firm is really very important because if there are customers buying from
your firm then only it is possible for the firm. If you want your business to succeed, you must
understand your customers. This is where customer analysis is critical. When companies
understand their customers, they can serve their needs better. When customers’ needs are better
served, they become loyal and profitable. Knowing precisely what your customers want or what
makes them tick will help you set expectations for your team and focus your efforts. For many
organizations, customer analysis is rudimentary and unfocused. Sometimes this research barely
scratches the surface and focuses on unnecessary or irrelevant information. In other cases,
departments operate individually, meaning customer analysis and research aren’t usable for the
whole organization. Practical customer analysis is based on detailed research, shared across an
entire organization, and focused on what matters: customer pain points and goals.
Typically, organizations that conduct customer analysis use a variety of methods to do so. These
methods include analyzing first-party data (such as CRM or Marketing data), focus groups,
interviews, market data, existing customer feedback, and more. Organizations must ensure that
their customer analysis strategies are accurate and up-to-date to remain competitive in today’s
changing market. They should always strive to provide relevant insights by utilizing the latest
technologies, such as artificial intelligence (AI) or machine learning (ML). Additionally, they
should protect customer data’s privacy by assuring customers that any information shared is
secure. It is a combination of qualitative and quantitative research collected on your customers with
the purpose of better understanding them in order to draw meaningful conclusions that will aid you in
your marketing and outreach efforts. It allows you to determine the needs of your customers, the
types of messaging they respond well to, and why they are or aren't purchasing your product. Armed
with this information, you can make the changes necessary to increase growth.
There are two different ways of looking at customers. Each of these will provide crucial insights into
how to best target your messaging and guide future product decisions:
Customer Behavioural Profile: Creating a customer behavioral profile consists of two parts.
The first part is understanding their buying criteria. Using market research and analytics, you
can determine which features are most appreciated by customers, which needs are being
underserved, and what price points they're willing to pay. Once you understand your
customers' needs and willingness to pay, you can better tailor your Product around those

29. 23
needs and price points. If you already have the features they value most, you can put additional
effort into highlighting them in your marketing materials.
The second part of the behavioral profile is the purchasing patterns of your customers. What
are they buying, and how frequently are they buying it? Which sales channels are they using to
make a purchase, and where did they arrive from? What is the average time between first visit
and first purchase? How long do they stay around before churning? All of these questions can
inform your marketing decisions and allow for fine-grained tuning of your messaging and sales
strategy.
Customer Demographic Profile: Demographic information such as age, location, income and
education levels, gender, and more can give you a clearer picture of the type of messaging that will
most resonate with customers and the marketing channels that can best reach them. The best way to
determine which demographics to target for future marketing efforts is by looking at your existing
customers. Building a marketing strategy around the types of people who are already purchasing is a
great way to maximize the ROI of your marketing budget.
In the garments industry the Demographic factor plays a major role. Whether it is an infant, teenage,
adult or an old age clothes are always needed for a person irrespective of gender also. Texport
Industries believes that the customers are their biggest asset and this belief has kept the industries in
growing levels. The ethos of being a people-first business has led Texport to be a team of
dedicated professionals who are adaptive and mirror the operations of our customers to best fit
their individual requirements. The Revenue which is earned per year and increases every year is
the milestone because of the Customer Acquisition Strategy of Texport. A customer while
purchasing shirts or t-shirts or any other clothes will not always purchase readymade clothes. It
varies between customers like if few of them desires to buy only the material which can be of
any fabric or embroidery work and few of them will buy the direct readymade clothes. Both are
available at Texport. It manufactures readymade garments to the customer and will also give
them an option to select the particular fabric according to their taste and preferences. This is the
strategy which is a positive point for Texport to attract customers towards them with 100 percent
quality assured materials and this is what makes Texport a different organisation from others.
Not only by manufacturing and selling garments but it also contributes to the society. With
having good financials, growth and Statistics an organisation also has to contribute to the
betterment of the society because if the organisation or the company does something good for the
society then the society will do well for you.

30. 24
Texport follows this principle and it has also followed the principles of Corporate Social
Responsibility (CSR). Some of them are:
 They support 15 Government-run Primary Schools by providing them with Infrastructure and
Scholarships.
 As part of the “Clean Water Initiative,” they have installed water towers in the above schools.
 They run the “DG Goenka Management Institute of Media Studies”, a media college, named
after the founder of Texport.
 They conduct free medical camps with specialization in eye cataract surgery, run by the family-
owned “Smt. Shivdevi Devi Prasad Goenka Foundation”, which is also a member of the Arch C.
Klumph Society of The Rotary Foundation.
 They support “The Learning for a Better World (LBW) Trust”, an Australian charity that helps
tertiary-educate students in seven developing countries, including India.
 They support “The Chappell Foundation”, an organization by the legendary Australian
Cricketer, Greg Chappell, which supports the homeless youth in Australia.
 Started a “Work Place Intervention” for HIV AIDS awareness, recognized by NACO, UNDP,
and FICCI.
 Working with differently-abled people, recognized by the Governor of the State of Karnataka,
and awarded on the behalf of the National Association of Blind.
 Texport is committed to reducing the impact of all Manufacturing and Processing activities on
the environment and understands the necessity of using Human & Eco-Friendly Chemicals and
Materials for a Sustainable future and Mankind.
“If you don’t take care of your customer, your competitor will” is a very famous proverb
which is said by Bob Hooey and every company and organisation has to follow which is
very important for an organisation and for the category like garments where there are many
organisation who are in competition with each other, should not disappoint their customers
because if the customer gets disappointed from the service offered by the company then it

31. 25
will be a problematic situation for the organisation and that will be a golden opportunity for
the competitors to earn revenue and then it will be a difficult position for the company to
survive in the market which can also effect in financials where the payables can increase
compared to receivables, there can be an issue of debt, etc which a company never wants
that it faces.
In the industry of Apparels and Fashion Customer segmentation is a very important process
that every organisation must follow.
Customer segmentation is the process by which you divide your customers up based on common
characteristics – such as demographics or behaviours, so you can market to those customers more
effectively. These customer segmentation groups can also be used to begin discussions
of building a marketing persona. This is because customer segmentation is typically used to
inform a brand’s messaging, positioning and to improve how a business sells – so marketing
personas need to be closely aligned to those customer segments in order to be effective. The
marketing “persona” is by definition a personification of a customer segment, and it is not
uncommon for businesses to create several personas to match their different customer segments.
There are different factors of segmentation that should be given careful consideration. These are
not one-size-fits-all, and you should do what is right for your business.
Customer segmentation can be broken down into two types:
Segmenting customers based on who they are
The process of understanding who customers are typically focuses on demographics. This will
include factors such as:
*Age
*Geography
*Urbanisation – are they city or rural?
*Income
*Relationship status
*Family

32. 26
*Job type
*Segmenting customers based on what they do
You can also segment customers based on how much they spend (share of wallet), how often,
and what products (this allows you to see how much you can increase spend). This is more
behaviour focused. Breaking this down even further, behaviour can vary and you might want to
look to separate as follows:
*Basket size
*Share of wallet
*Tenure (how long they stay with you)
*Long-term loyalty (a function of share of wallet and tenure)
The main advantage of Texport Industries Private Limited is that it has done a strong and an
effective Customer Segmentation and they have categorised well on the basis of age and has
given a variety of garments for different types of age categories and gender. Customer
segmentation is popular because it helps you market and sell more effectively. This is because
you can develop a better understanding of your customers’ needs and desires.
The business impact of doing this is even more important, and effective customer segmentation
will help you to increase customer lifetime value. This means they will stay longer, and spend
more.
By better understanding the customer, and therefore being able to target them more effectively,
you can drive greater loyalty. Instead of customers visiting Venkateshwara Garments two times a
year to get garment products (with a big basket size), segmentation can give you insights that
will help you get customers returning 5x a year with smaller basket sizes.
Although each basket is smaller, you’ve increased customer loyalty because they are interacting
with the business more frequently. Little and often is disproportionately more effective than a
one-off. It is a more predictive indicator of behaviour too, which will help inform business
decisions. Not only will it improve loyalty but it will increase the value of the customer, meaning
the lifetime value of the customer will increase.
Signature of Guide

33. 27
ORGANISATIONAL STRUCTURE AND DEPARTMENT PROFILE
An organizational structure is a system that outlines how certain activities are directed in order
to achieve the goals of an organization. These activities can include rules, roles, and
responsibilities. The organizational structure also determines how information flows between
levels within the company. For example, in a centralized structure, decisions flow from the top
down, while in a decentralized structure, decision-making power is distributed among various
levels of the organization.
Having an organizational structure in place allows companies to remain efficient and focused.
Businesses of all shapes and sizes use organizational structures heavily. They define a
specific hierarchy within an organization. A successful organizational structure defines each
employee's job and how it fits within the overall system. Put simply, the organizational structure
lays out who does what so the company can meet its objectives.
This structuring provides a company with a visual representation of how it is shaped and how it
can best move forward in achieving its goals. Organizational structures are normally illustrated
in some sort of chart or diagram like a pyramid, where the most powerful members of the
organization sit at the top, while those with the least amount of power are at the bottom. Not
having a formal structure in place may prove difficult for certain organizations. For instance,
employees may have difficulty knowing to whom they should report. That can lead to
uncertainty as to who is responsible for what in the organization.
Having a structure in place can help with efficiency and provide clarity for everyone at every
level. That also means each and every department can be more productive, as they are likely to
be more focused on energy and time. Key elements of an organizational structure include how
certain activities are directed in order to achieve the goals of an organization, such as rules,
roles, responsibilities, and how information flows between levels within the company. An
example of an organizational structure is a decentralized structure, which gives individuals and
teams high degrees of autonomy without needing a core team to regularly approve business
decisions. A good example of this decentralized structure is Johnson & Johnson. With
thousands of products and lines of business, the company structures itself so each business unit
operates as its own company with its own president.
By having an organisational structure the organisation can have a strong mode of communication,
there will be clear reporting relationships, there will be good growth and expansion and there will
be efficient task completion.

34. 28

35. 29
Duties and responsibilities of Departmental heads
 Finance manager: He is responsible for all the financial matters of the organisation and
he prepares the financial plan. He should be an expert in financial management and is
responsible for dealing with all the financial tools like ratio analysis, fund flow analysis,
cash flow analysis, budgeting etc.
 Accounts Manager: He is responsible for keeping the details of Day books, accounts and
P.F details. Moreover he has to look with the calculations of sales tax and other related
documents and produce them when demanded.
 Marketing Manager: He is the in-charge of Marketing department in the organisation.
The marketing department aims to increase the turnover of the business and increase the
market value of the organisation with attractive marketing strategies to acquire consumers
to purchase their products. He should know the marketing mix, production mix, price mix
strategies for the development of the company.
*Human Resource Manager: A Human Resource Manager has a very important role in the
organisation. The duty of the HR Manager is to recruit and train the personnel required in the
organisation. They are involved in manpower planning, training, recruiting, compensation of the
personnel and also recording the analysis of the employees, programmes conducting for the
newly joined employees.
*Purchase Manager: The duty of a Purchase Manager is to prepare a purchase budget, receive
purchase acquisition and material requirement, ascertaining of source of supply, invite tenders
from the approved suppliers, selecting the best price offered by the supplier and creating Purchas
Orders (PO) with correct amount and issue to the suppliers selected, checking the Purchase
orders with the audit department.
These were the departmental heads of each department and having such departmental heads is
very much important for a company to avoid confusion regarding the reporting and analysis and
also it helps in better communication and also improves the task completion efficiency of the
personnel of the employees.

36. 30
Following are the Functional Areas of Texport Industries and departments:
 HR and Administrative Department: Of all the factors of production man power is the
most required factor in an organisation. The Head of the Admin Department defines that
“Personnel Management is the field of management which has to do with Planning,
Controlling and Organising various operating activities of procuring, maintaining and
development of labour force in order that objectives of the company are fulfilled
efficiently and economically". The organisation follows few recruitment sources like:
 *Internal Search
 *Advertisement
 *Employees recommendation
 *Employment agencies
 *Colleges and Universities
 *Professional Organisations.
The Human Resource Department does not only deal with the recruitment process but also deals
with other Elements like:
 *Bonus
 *Provident Funds
 *Gratuity
 *ESI
 *Allowances.
*Accounts Department: Finance is the life blood of any company. A company cannot
commence also without finance. It is concerned with the activation of funds and wide application
of funds for the organisation. It deals with preparing day books, ledger accounts, posting of
accounts, creating bank vouchers etc. Some of the functions of Accounts Department are:
*Working Capital Management
*Preparation of Final Accounts like Balance Sheet and Profit/Loss account.
*Fund Flow Statements
*Purchases analysis and recording.
*Monitoring salary section and Pay Division
*Sales and Revenue Accounting
*Inventory valuation
*Costing
*Calculation Of Depreciation.

37. 31
30
Auditing is also a part of accounts department. Auditors are appointed by the organisation for
clear monitoring of bills and documents of the organisation. There exist 2 types of Auditing
which is Internal Audit and External Audit.
Internal Audit, deals with the charge of periodical audit. The main objective of Internal audit
department is to determine the quality management system is maintained and effectively
implemented.
External Audit, deals with the statutory audit which is tax related factors, cost audit, sales tax,
Income tax and Inspection Audit.
*Marketing and Merchandising Department: Marketing Management has become very
crucial in the decision-making process in today’s world for an organisation. If there is no proper
marketing then it is very difficult for the organisation to earn revenue. The main objective of the
Marketing Department is to increase the customer base by attracting them with new design in the
garments, increase profits through cost reduction and also increase the market value. Following
are the functions of Marketing Department:
*Increase Brand Awareness
*Increasing Sales
*Creating customer demand
*Generating leads
*Customer Satisfaction
*Good advertising of the company
*Establishing Brand Authority.
*Planning Department: The Function of Planning Department helps the merchants to determine
the costing of a particular style and this work starts only after the approval of the order and they
also tell that whether the company is able to produce the particular style in the given span of time
and also helps them to know the capacity of the floor production.
They create the Order quantity and Sample order break up for their further processes. They are
also responsible for the timing input of the raw material to the production floor.
*Compliance Department: In the organisation having a compliance department is also very
necessary. A compliance department identifies risks that an organization faces and advises on
how to avoid or address them.

38. 32
It implements controls to protect the organization from those risks. Compliance monitors and
reports on the effectiveness of controls in the management of the organizations risk exposure. If
a company has overseas locations it
31
Must translate its compliance-related materials into that language.
It should also seek input from foreign offices on the effectiveness of the company's training
materials. As well, the compliance department should conduct training for employees. There
should also be a system for reporting compliance issues. That is, the code of conduct for the
compliance department should lay out the process for employees.

39. 33
SWOC ANALYSIS
SWOC (strengths, weaknesses, opportunities, and challenges) analysis is a framework used to
evaluate a company's competitive position and to develop strategic planning. SWOT analysis
assesses internal and external factors, as well as current and future potential. A SWOC analysis
is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses
of an organization, initiatives, or within its industry. The organization needs to keep the analysis
accurate by avoiding pre-conceived beliefs or gray areas and instead focusing on real-life
contexts. Companies should use it as a guide and not necessarily as a prescription
SWOC is an important acronym for individuals and organizations alike in the business world,
and it stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a useful
technique to assess these four attributes, which play a crucial role in an organization. Strengths
and weakness refer to internal factors such as (current processes, human resources, physical and
financial resources, etc.) while opportunities and threats focus on external factors such as (market
trends, economic trends, political and economic regulations, etc.). A SWOT analysis is very
important because of the following reasons:
*A SWOC analysis helps organizations get visibility on their current status, letting them
understand and measure overall business performance.
*t helps the business to analyse its strength which can in turn help the business to develop and
grow in the industry.
*It lets businesses understand and better identify internal and external factors and their positive
and negative impacts on the business. This information can help businesses be more proactive by
helping them take appropriate actions in a dynamic market to maintain momentum.
Overall SWOC analysis is the important tool for an organisation to understand the health of the
organisation. It helps the organisation to recognize and know that where it stands or what is its
position in the market. Not only where it stands but it also helps the organisation to know that
very it can improve and can also make changes in their strategies to improvise their process. This
gives it the ability to be proactive players in the market while helping it remain competitive.
The SWOC Analysis of Texport is as follows:

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STRENGTHS
Each and every organisation in the company carries its own strengths irrespective of whatever is
the category. Each company has its different strong points which can help the company to stay
proactive in the competition. The Core Strengths of Texport Industries are:
 *It has a strong presence in the export market: Texport Industries Private Limited has
a strong customer base not only domestically but also internationally. Customers from
many International countries are ready to buy from Texport because of its quality and
various embroidery designs which is unique from International Point of view. Still now
also people prefer in international countries to buy from Texport which is why it has a
strong presence in the export market.
 *Domestic Market is also Rising: A Customer’s preferences, taste and habits always
changes and varies. A customer always wants something which is new and trending.
Domestic Market varies a lot specially in the case of garments. Texport Industries has
always given equal preference to the domestic market as well which has increased the
number of customers in India as well.
 *Raw Materials and Allied Items available in sufficient quantity: In the business of
Garments and apparels the availability of raw materials cannot be guaranteed. Though
Texport Industries garments are highly demanded there is no shortage of raw material in
the industry which means that the company avoids wastage of raw materials and keeps it
in sufficient quantities.
 *Skilled and Hardworking Workers: Texport Industries has always recruited skilful
workers and workers who work with integrity because if the personnel do its job well
then only the company can run well.
 These were some of the core strengths of Texport Industries Private Limited. It has to
also focus on making their strengths even better so that they can make their work even
more efficient.
WEAKNESS
Weaknesses stop an organization from performing at its optimum level. They are areas where
the business needs to improve to remain competitive: a weak brand, higher-than-average
turnover, high levels of debt, an inadequate supply chain, or lack of capital. The company

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cannot always go on a positive sign it also has to work on its weaknesses. If the company works
on its weakness and improvise them and also by strengthening their strong points will make a
company successful and will also have the high market value and can survive in the market for a
longer time. The weaknesses of Texport Industries are:
 *Traditional Method of Production: Having a traditional method of production is a
good thing but cannot always be implemented. If at all the traditional method of
production is implemented then it can lead to low efficiency of manufacturing, there will
be quality control challenges and labour intensity. This is one of the weakness of
Texport Industries.
 *Low Level of Technological Development: This is also one of the weakness of
Texport Industries Private Limited. In today’s world technology is everywhere and
everything for a business. In the world of growing technology, traditional methods and
very little development of technology is of no use because people prefer things which
are technologically sound.
 *Scarcity of Skilled Labours: This is also one of the major problems which every
industry face. There is a very big shortage of skilled labourers who can apply their major
skills in the production process which is the bigger issue of Texport Industries Private
Limited. There is no scarcity of labourers but there is Scarcity of Skilled Labourers in
the organisation which can affect the production process of Texport Industries.
 *Lack of Coordination: Lack of coordination is also one of the major weaknesses of
Texport Industries Private Limited between the executive and workers. There should be
a proper communication between the workers and their executives to avoid confusion
and duplication in the work. If there is no proper communication happening between the
executive and workers then this can lead to a downfall in the organisation.
These were some of the weaknesses of the company which it has to work on to improve the
efficiency in the organisation.
OPPORTUNITIES
Opportunities in SWOC result from your existing strengths and weaknesses, along with any
external initiatives that will put you in a stronger competitive position. These could be anything
from weaknesses that you’d like to improve or areas that weren’t identified in the first two
phases of your analysis. It helps in deciding that how can you improvise your weaknesses and

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how you can develop your strengths. The Opportunities Analysis of Texport Industries is as
follows:
*Advantage of Technology: Every businesses and organisations have started developing and
have started investing in technology which can make their work even more efficient. If it takes
the advantage of technology then there will be a large consumer base, there will not be any low
efficiency of production and the production process will get smoother if we upgrade to
technology.
*Creation of Technological awareness: The awareness regarding the technology is very
necessary and important for the organisation because with the help of technology it can create
and design variety of embroidery and will surely help the organisation in achieving its
objectives.
*Competition is going to make prices of inputs cheaper and sufficient: As in the industry of
garments there is a cut-throat competition between organisations. The demand for all the
organisations regarding the inputs will be high and Texport can take a very good advantage of it.
If the competition is very big and the prices of inputs is cheaper then it will fit in the budget of
the organisation and the price charged for the consumer will be less. This will help the
organisation in not disappointing their customers and also, they can work economically.
*Exposure visits and exhibitions: Exhibitions and Exposure visits is a very good and a
traditional form of marketing which will help the company to display its designs to the
customers as exhibitions are largely held in India and will also help in innovation by creating
new designs.
*Changing Business Environment: Business Environment is always flexible which can also
positively effect business. Change in the rate of taxes, prices of inputs, etc. will help the
organisation to not overflow with its budget and can conduct its operations successfully.
CHALLENGES
Threats or Challenges include anything that can negatively affect your business from the
outside, such as supply-chain problems, shifts in market requirements, or a shortage of
recruits. It's vital to anticipate threats and to act against them before you become a victim
of them and your growth stalls. With the rise of social media, consumers are increasingly
aware of the business practices of the companies they support. They're more aware, for example,
of corporate practices and may discontinue their support for organizations whose policies don't

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align with their values. A business can mitigate the threat associated with social perception by
closely monitoring its online reputation and strategizing its digital presence to optimize customer
engagement. Following are the challenges which can be faced by Texport Industries:
*Competition in the Domestic as well as International Market: There are a lot of companies
and industries who are in the business of Garments which is not only Domestically but also
internationally. The increased competition with variety of product differentiation can lead as a
challenging factor to Texport Industries.
*Up gradation of technology not done: All the business firms and industries rely on technology
and there is no business without technology because the work which cannot happen with man
power can be done by technology now.
If the company does not upgrade to the latest technology then it can lead to a downfall of
business which is a threat factor to the company.
*Quality of Products: The product quality also varies between company to company. We
cannot guarantee that the raw materials cannot at all be defective because any uncertainty may
occur and the quality of the product can change. This is also a challenging factor to the Company.
*Same type of products: As the consumer's taste keeps changing he may prefer some other
designs also. There should be innovation in the garments like getting 3D Embroidery Shirts etc.
So that the customers can find something attractive in the designs which goes with trend. If there
is no innovation then it will be a problem for the company to regain its customer base back and
will not be able to earn good amount of revenue.
Signature of Guide

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LEARNING OUTCOMES
It was a wonderful experience to be a part of Texport Industries Private Limited which is a
renowned industry in the field of garments industry and it has helped me a lot in gaining the
experience of how an industry works and what are the procedures behind making one shirt or a t-
shirt. At Texport Industries I was a part of Internal Audit Team and I had a very good work
environment with very skilled and friendly seniors. It was a great time working with them and I
finally had an exposure of how to work in corporates.
On the First day of my Internship Tenure which is 14th
June 2023, I was briefed about WFX
Software by my senior. World Fashion Exchange (WFX) is a software which is used by the audit
department and where the merchant’s Purchase orders, Internal cost sheets everything is done in
this software. I was briefed with the work of clearing and approving cost sheets and I saw various
bifurcation in the cost sheets which included Fabric, Knits and Trims Divisions. I also learnt
about various Purchase Orders were prepared and we had to clear the purchase orders and
approving after checking the Goods Receipt Note (GRN). The whole audit teams work with this
software where even Bank Vouchers given by the accounts department are cleared and a record
is kept so that there is a proof that the organisation has paid the amount. I cleared some of the
bills on first day and experienced that how a GRN is issued when the organisation purchases the
material. Not oy cost sheets and Bank vouchers but with the help of WFX various Vouchers like
conveyance can be cleared and Salary Audit can be conducted, purchase bills, fabric bills, trims
bills, expenses are cleared by the audit department.
On my second day, I was briefed about a new software named My Asset. It is a software which
records the movement of assets from one unit to another. Assets like Sewing Machines,
Hardware, Work Aids, etc, are recorded. In My Asset the detail about each software is written
and we get it by clicking on the heading “Asset Detailed Report" and asset codes are attached to
each asset for verification purposes. I was given a task to download the transfer report from the
date 1st
April 2022 till 31st
March 2023 and convert the transfers in an excel format. There were
more than 10 units (here units refer to the number of warehouses) and I had to check the transfer
of machines from all the units to the Temp Stores. In My Asset the transfer which is done to a
third party or outside party which does not relate to the particular unit of Texport is regarded as
Temp stores or Temporary Stores. I had to use the filter tool in excel to filter the data and then I
extracted 2 reports of Outwards which is sent to temp Stores from all units and Inwards which
is received from the temp stores to all units.

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With the help of the asset codes which were given with the machinery details I checked that
whether the machine sent towards the are returned back or not. I extracted the report that 45
machines were sent with which 5 machines were not returned back. My Next task was to check
the names of the parties in WFX software to which the machines has been sent. In My Asset the
party names are not provided and are only provided in the WFX. I extracted a different report
and I made a consolidated report of WFX with party names where out of the same 45 machines
13 were not received. The difference can be because the machine would have been returned back
after the date 31st
March 2023.
Then I was again assigned the same task and same exercise but for the previous year which was
1st
April 2021 to 31st
March 2022. I started the exercise again for the year and I extracted the
report in excel where I found that 112 machines were sent to the temporary stores but 2 were not
returned back whereas in WFX 112 machines were sent out of which 76 were not received.
There is a reason to this difference. Earlier in the industry the Delivery Challan (DC) was issued
in My Asset Software only but not in WFX and then later on they started issuing My asset and
WFX DC together. This was implemented after the date of 1st
April 2021 so that was the reason
of a difference. After extracting this report my job was to create a consolidated report and I had
to show it to my Senior Auditor C.A Rohit Choraria sir and get the report finalised. During the
final days of my Internship I tried finding out few assets which were not returned back by
checking in the next years report.
This exercise and task did very much help me as in a student point of view because this was
something which was new for me. I learnt a lot from this work about how the assets are
transferred for use and then are returned back. It was really a workaholic environment in the
office and the seniors were really friendly as they clarified my doubts and made me understand
things in a very good manner. Overall it was a very good experience for a student to learn a lot of
concepts at Texport.
Signature of Guide

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CONCLUSION
It was an amazing and a skilful internship at Texport Industries Private Limited. Being a part of
Texport Industries as an intern is a great opportunity for me. Throughout my Internship at
Texport I learnt about what actually is auditing and what the process behind making a garment is.
It was a wonderful time spending 1 month of my Internship in the Internal Audit Department
with great professionals. I developed my skills not only in the field of Auditing but also in MS
Excel where I learnt about new tools which can make the work even easier.
Being a student of B.com, it is a very important and a helpful for a student to have the best
industrial knowledge. Though we study theoretically about the Industries and accounting and
auditing of industry related concepts, but practically gaining this experience and grasping the
concepts of industries practically is a very helpful exercise for a student. Texport Industries is the
best place for an Intern in any field, either it can be auditing, accounting, design team, marketing,
etc, is the best place for any intern with a good work environment and friendly seniors. The
seniors with whom I worked were very helpful, skilful and very friendly to me. I had many
doubts in the starting of my work but they clarified all my doubts in a very good manner.
I thoroughly enjoyed my internship and it will be a memorable time for me as it was a great
learning experience. I always wanted an opportunity to gain some industry knowledge and work
in a corporate at least before my final year. I would like to thank Texport Industries Private
Limited for providing me a wonderful opportunity to work in the Internal Audit Department and
this will surely help me in my future. In conclusion, the internship experience at Texport
Industries Private Limited is a rewarding experience in the world of Garments Industry.
Signature of guide