MGM-IOM/ Mini Project/ 2012

A MINI PROJECT REPORT

ON

TTK Prestige

By Tushar Narayan Chole

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A MINI PROJECT REPORT

ON

TTK Prestige
In Partial fulfillment of Requirements for the award of degree of

MASTER OF BUSINESS ADMINISTRATION (MBA) Of Dr. B.A.M. University, Aurangabad

Submitted By Tushar Narayan Chole
Roll No.: R12008

Division: A
Semester-I (2012-13)

MGMs

Institute of Management (IOM),

CIDCO, Aurangabad (MS)

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DECLARATION

I, undersigned, hereby declare that the mini project report on TTK Prestige submitted to the MGMs Institute of Management, CIDCO, Aurangabad. It is my original work & the conclusions drawn there in are based on the data & material collected by myself.

Date: - 25 October 2012 Place: - Aurangabad. Tushar Narayan Chole Roll no.R12008 Division: A

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ACKNOWLEDGMENT
My deepest thanks to Lecturer Ms. Bhakti Banwaskar the Guide of the project for guiding and correcting various documents of mine with attention and care. She has taken pain to go through the project and make necessary correction as and when needed. I also express my thanks to the Dean of, MGMs Institute of Management Mr.Saha G.G. Who gave me the golden opportunity to do this wonderful project on the TTK Prestige which also helped me in doing a lot of Research and i came to know about so many new things I am really thankful to them. Secondly i would also like to thank my parents and friends who helped me a lot in finishing this project within the limited time. I am making this project not only for marks but to also increase my knowledge. THANKS AGAIN TO ALL WHO HELPED ME.

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MGMs

Institute of Management (IOM),

CIDCO, Aurangabad (MS)

CERTIFICATE
This is to certify that the mini project report on TTK Prestige submitted by Tushar Narayan Chole is the result of his original research work completed under our supervision. To the best of our knowledge & belief the work embodied in this project report has not formed earlier the basis for the award of any degree or similar title of this for any other examining body.

Project Guide

Dean-Academics

Director

Ms. Bhakti Banwaskar

Kumar

Mr.Saha G.G.

Dr. Pardeep

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INDEX
TOPIC NAME PART 1- PROFILE OF COMPANY PAGE NO 6-9

PART 2- ANALYSIS & STATISTICS

10

PRODUCTION STATISTICS

10-12

FINANCIAL ANALYSIS

13-14

HUMAN RESOURCE MANAGEMENT

15

MARKETING STATISTICS

16-18

FINANCIAL STATISTICS

19

BIBLIOGRAPHY

20

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PROFILE OF COMPANY Name : TTK Prestige

Year of establishment of company: 1928 Commencement: It was in the year 1928 that T T Krishnamachari, the first finance minister of India. Founded TTK Prestige, one of the oldest business houses in the country today. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world. Location: REGISTERED OFFICE & WORKS Plot No. 38, SIPCOT Industrial Complex Hosur - 635 126, Tamil Nadu. CORPORATE OFFICE 11th Floor, Brigade Towers 135, Brigade Road Bengaluru - 560 025. FACTORIES 82 & 85, SIPCOT Industrial Complex Hosur - 635 126 Tamil Nadu. SF-234/1, Pollachi Road Myleripalayam Village Coimbatore - 641 032 Tamil Nadu. Plot No. 1A & 2 Dev Bhoomi Industrial Estate Roorkee - 247 667 Uttarakhand BRANCHES Ahmedabad, Bengaluru, Chandigarh, Chennai, Cuttack, Delhi, Dehradun, Ernakulam, Ghaziabad, Goa, Gurgaon, Guwahati, Hubli, Hyderabad, Indore, Jaipur, Jamshedpur, Kolkatta, Lucknow, Ludhiana, Mumbai, Patna, Pune, Raipur, Trichy & Vijayawada TTK Prestige Products:

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Nonstick Cook Wears

Mixture Grinder

Sandwich ,Griller Toaster

Cookers

Gas Stoves

Electric Rice Cooker

Electrical Home Appliances Indection Cook Tops

Electrical Conseel Cattles

Pop Up Toaster

Filter Coffee,Expresso Coffee Machine

Coockers blanders

TTK prestige hand

Organization structure:

Executive Chairman

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Vice Chairman

Managing Director

Director

Director

Director

Director

Director
Board of Director: Executive Chairman Shri. T.T. Jagannathan Vice Chairman Shri. T.T. Raghunathan

Director
Director & Whole-time Secretary

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Managing Director Shri. S. Ravichandran Director Shri. Ajay I. Thakore Director Shri. R. Srinivasan Director Dr. (Mrs.) Latha Jagannathan Director Dr. (Mrs.) Vandana R. Walvekar Director Shri. Dileep Kumar Krishnaswamy Director Shri. Arun K. Thiagarajan Director & Whole-time Secretary Shri. K. Shankaran Vision: The Company envisions being a dominant global player in the Pressure Cooker category and the leading Branded Player in the Domestic Kitchen and Kitchen Appliances segment in the Indian Market and thus occupying a place of pride in the Indian Kitchens. This shall be achieved through Customer Centric Processes, People Development and Operational Excellence Mission: The basic mission of the Company is Quality Consumer Products at affordable prices and in the process delivering long-term value to all stakeholders in the Company.

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Analysis & Statistics PRODUCTION STATISTICS: Last 5 years in turnover and analysis:

Yearly Results of TTK Prestige

------------------- in Rs. Cr. ------------------MAR '12 MAR '11 763.57 MAR '10 507.94 MAR '09 401.28 MAR '08 325.94

Sales Turnover

1,103.43

1,200.00 1,000.00 800.00 600.00 400.00 200.00 0.00 2012 2011 2010 2009 2008 S alesTurnover

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Raw materials:

RAW MATERIALS Product Name Others Aluminium Stainless Steel

------------------- IN RS. CR. ------------------Unit Quantity Not Applicable NA Metric Tonnes 2,950 Metric Tonnes 593

MAR 2008 Value 116.50 47.29 11.11

Total

174.90

RAW MATERIALS Product Name Others Aluminium Stainless Steel

------------------- IN RS. CR. ------------------Unit Quantity Not Applicable NA Metric Tonnes 2,967 Metric Tonnes 476

MAR 2009 Value 161.98 48.81 8.05

Total

218.84

RAW MATERIALS Product Name Others Aluminium Stainless Steel

------------------- IN RS. CR. ------------------Unit Quantity Not Applicable NA Metric Tonnes 3,431 Metric Tonnes 550

MAR 2010 Value 72.90 44.36 7.32

Total

124.58

RAW MATERIALS Product Name Others Aluminium Stainless Steel

------------------- IN RS. CR. ------------------Unit Quantity Not Reported NA Metric Tonnes 4,391 Metric Tonnes 641

MAR 2011 Value 105.20 69.12 10.48

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Total

184.80

RAW MATERIALS Product Name Components Aluminium Stainless Steel

------------------- IN RS. CR. ------------------Unit Quantity Not Reported NA Metric Tonnes NA Metric Tonnes NA

MAR 2012 Value 138.62 93.89 14.06

Total

246.57

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180 160 140 120 100 80 60 40 20 0 2008 2009 2010 2011 2012 Others Alum inium S tainless S teel

Raw Materials

Source : Dion Global Solutions Limited

Financial analysis Own fund, Borrowed fund-

YEARS OWN FUND

2012 339.01

2011 339.01

2010 339.01

2009 339.02

2008 339.02

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BORROWE D FUND

11089.05

9167.21

4089.18

1723.16

1340.31

(IN CRORE)

Interpretation: As per above graph we shows that the own-fund & borrowed-fund of the company in 20082012, we can see that the company continuously stable in own-fund from 339.02 to 339.01 & borrowed-fund from 1340.31 to 11089.05 cr.

Financial analysis:

Investment of fund in current assets and fixed assets (Rs in Lakh.)

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YEARS 2008 2009 2010 2011 2012

Current Assets Fixed Assets

4500 5200

4852 5975

6569 6400

19698 9143

68360 24010

ROI

ROI TTK.NS ROI: 33.47 INDUSTRY 7.19 SECTOR 11.40

Human resource management:

No Of Employees - 15000

manufacturing units - 15

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Business Per Employee- 347.00 ( In Rs Lakh )

Profit Per Employee - 3.00 ( In Lakh )

Budgetary provision for employee welfare scheme of last 5 years-

(Rs in Lakh )

Year

2012

2011

2010

2009

2008

Provision

160154.16

152234.49

126095.47

119291.05

119789.20

Welfare Benefits assured to the employees: Provident Fund

Health Care(other than vision or dental) Life insurance Dental care Vision care Temporary disability (accident and sickness) Prepaid legal Long-term disability Death benefits (include travel accident but not life insurance) Other

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Marketing Statistics:

Yearly Results of TTK Prestige

------------------- in Rs. Cr. ------------------MAR '12 MAR '11 763.57 4.30 767.87 641.91 121.66 ------0.59 --125.96 0.76 124.61 4.26 -120.35 MAR '10 507.94 1.14 509.08 432.92 75.02 -----3.79 --76.16 1.14 78.81 3.59 -75.22 MAR '09 401.28 0.50 401.78 363.65 37.63 --------38.13 5.65 32.48 3.48 -29.00 MAR '08 325.94 1.49 327.43 294.66 31.28 -----2.83 --32.77 7.67 27.93 3.84 -24.09

Sales Turnover Other Income Total Income Total Expenses Operating Profit Profit On Sale Of Assets Profit On Sale Of Investments Gain/Loss On Foreign Exchange VRS Adjustment Other Extraordinary Income/Expenses Total Extraordinary Income/Expenses Tax On Extraordinary Items Net Extra Ordinary Income/Expenses Gross Profit Interest PBDT Depreciation Depreciation On Revaluation Of Assets PBT

1,103. 43 3.08 1,106.5 1 928.31 172.04 --------175.12 5.64 169.48 6.24 -163.24

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Tax Net Profit Prior Years Income/Expenses Depreciation for Previous Years Written Back/ Provided Dividend Dividend Tax Dividend (%) Earnings Per Share Book Value Equity Reserves Face Value

49.88 113.36 -----100.14 -11.32 271.62 10.00

36.60 83.75 -----73.98 -11.32 178.00 10.00

22.78 52.44 -----46.33 -11.32 110.69 10.00

6.62 22.38 -----19.77 -11.32 71.17 10.00

3.42 20.67 -----18.24 -11.33 55.40 10.00

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Source: Dion Global Solutions Limited

NAME TTK Prestige Bajaj Electric Panasonic App Khaitan Electric Sujana Uni Polar Industries

LAST PRICE 3,132.35 224.65 80.35 59.10 3.05 2.75

MARKET CAP.
(RS. CR.)

SALES TURNOVER 1,103.43 3,098.85 179.86 441.34 3,693.57 0.06

NET PROFIT 113.36 117.88 -12.77 -16.23 28.57 -5.40

TOTAL ASSETS 302.40 887.02 39.00 356.26 1,124.41 -91.91

3,546.16 2,239.78 76.68 67.97 51.50 5.83

Competitors in the market:

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Financial statistics Particulars 1.1 Net sales during the year 1.2 Less cost of goods sold Rs (in cores)

1,103.43 928.31 _____________ Gross profit 175.12 1.3 Less administrative overhead (office exp.) - 06.24 _____________ 168.88 1.4 Less interest and bank charges - 05.64 ____________ Profit before interest and tax 163.24 1.5 Less provision for taxation and dividends - 49.88 _____________ Net profits transferred to balance sheet 113.36

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BIBLIOGRAPHYI Have Taken The Help Of The Following Resources.

www.ttkprestige.com www.moneycontrol.com www.google.com www.capitaline.com

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