Impact of covid -19 on the compliance in TEXTILE INDUSTRY

1. IMPACT OF COVID -19 ON THE
COMPLIANCE OF KEN ENTERPRISES
PRIVATE LIMITED COMPANY.

2. SUBMITTED BY
• MD NAZMUL HASAN ID: 181-023-811
• MAZEDIN REZA ID : 181-054-811
• MEHEDI HASAN ID : 181-062-811
• BROTISUNDAR SARKER ID: 181-082-811

3. INTRODUCTIONS
The impact of Covid-19 changed all the numbers and the textile industry has shrunk
drastically. There was a huge downfall in the domestic market with instant
cancellations and lack of orders. The consumer demands decreased which resulted in
no money circulation in the market. The workforce was hit the most leaving millions
of skilled and unskilled labors with no other option other than to migrate to their
natives. With heavy liabilities and no income, small-scale industries suffered the most
and some of them had to shut down permanently.

4. ABOUT THE COMPANY
Ken Enterprises Private Limited is a Private incorporated on 05 June 1998. Its
authorized share capital is Rs. 100,000,000 and its paid up capital is Rs. 25,868,000. It
is inolved in Manufacture of other textiles.Ken has its main manufacturing facility
situated in the heart of the Indian weaving industry at Ichalkaranji, Maharashtra 400
kilometers south of Mumbai.
The organization has a unique blend of traditional skills and understanding of the
textile industry along with qualified young and technology savvy professionals on the
board of directors, bringing its customers contemporary professionalism in one of the
most traditional businesses.

5. WHY KEN ENTERPRISES PRIVATE LIMITED
IS BEST FOR?
Diverse product knowledge.
Understanding of Customer needs and ability to service institutional customers.
Fabric Design and Development capability.
Diverse manufacturing capability.
Technically qualified & competent team to service the customer needs.
Ability to deliver and commitment to excellence.
Organizational strength and back-up to execute large institutional orders.
Product development and Sampling are undertaken commercially.

6. INFRASTRUCTURE:
• Well established greige fabric manufacturing capacity of @ 4 million meters per month
• Garment manufacturing capacity- @ 300,000 pcs per month (100,000 pcs of inhouse &
200,000 pcs of sourced capacity)
• INA Automated handling system for real time production, quality & efficiency tracking
• Total number of inhouse sewing machines: 130 nos (Juki & Pegasus)
• In-house Design studio & CAD / Marker systems from Tukatech
• In-house Training Centre for Skill Level Development for the associates
• Embroidery: 30,000- 40,000 pcs per month
• Placement Printing: 30,000- 40,000 pcs per month (Sourced capacity)

7. PRODUCTION SHIFT MONITORING DURING
COVID-19

8. COVID IMPACT ON COMPANY
A survey on the company showed that the total value of orders canceled and on hold is
US$1.49m . Whereas, in 19% cases, customers declined to pay.

9. • At the same time, out of the canceled orders, in 43% of cases, no payments were
received. And in 35% of cases, only partial payment for the goods was received.
• The results of the survey at the apparel export industry level shows that export
orders worth US$4.17 billion being canceled or put on hold. This amounts to almost
25% of the annual apparel exports .

10. COVID-19 EFFECTS ON PRODUCTION &
PROFITS.
In the year of 2018-19,the total gross profit of KEN company was 951,350,821 Rupees
But during the covid-19 situation the total gross profit of KEN company has been reduced
in 682,944,356 Rupees(2020-21).
Also The actual production (in KG) of KEN company in the year of 2018-19 was 33,622,604
KG coversly, in the year of 2020-2021 the production decresed because of Covid-19
situation & became 22,112,404 KG.
The global supply chain has found itself in trouble with the cancellation of orders, unpaid
bills, no logistics and what not. Supply chain is the backbone of the Textile Industry, and a
healthy and consolidated supply chain is what earns profits. The COVID-19 outbreak led
to a stoppage in production all around the world. The company were cancelled or
postponded their orders which affected in the supply chain.

11. INDIAN TEXTILE INDUSTRY DURING COVID-
19
The Indian textile industry is estimated to have compounded annual growth rate of
10% between financial year 2018 and financial year 2021.However, the COVID-19
pandemic has seriously affected the growth of textile industry. Many textile units have
stopped their production. The crisis has pushed the textile entrepreneurs to take
tough decisions such as lay-offs, introducing pay cuts, and asking employees to go on
unpaid leaves. All these have resulted in entrepreneurs remaining vulnerable to
emotional burnout, taking a toll on their physical and mental health. It therefore
becomes essential to highlight the problems faced by this sector.

12. CONCLUSIONS
The textiles sector has been one of the worst hit sectors due to COVID-19. Even prior
to the pandemic, the industry suffered from some challenges on both demand and
supply sides.But together we can overcome this situation.

13. SUBMITTED TO
Sabrina Shahrin Swarna
Lecturer,BUFT

14. THANK YOU