CHAPTER-1

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1.1 ORIGIN OF THE STUDY

This report has been prepared as a fulfillment of the practical requirement of

B.B.A program as authorized by the department.

1.2. Background of the study

The Tania textile ltd is mainly involved in production of various fabrics to

export in foreign market and produce for local market and various

fashionable ready Garments like knit and oven Garments and weaving,

dying printing. The mission of the Tania Textile ltd is to enrich the quality

of life of people though responsible application of knowledge, skills and

technology .To encourage and asset in the qualities improvement of the

services of its supplies and distributes .To attain a level of productivity in all

its operations through effective and efficient use of resources, adoption of

appropriate technology .To establish harmonious relationship with the

community and promote greater environmental responsibility. The Tania

textile ltd is playing a vital role in the quality fabrics sector in the world

wide.

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1.3. Objective of he study

To know the Organizational structure, Management, background of

the organization, function, objective, mission, vision, and

contribution, of the organization of the national Company.

To familiar with practical job environment.

To gain experience on the financial performance of the Tania textile

ltd.

To measure the level of efficiency of the Tania textile ltd.

To Make comparative analysis of the role played for Tania textile ltd.

To evaluate the trend of profitability

To examine the growth rate of production of Tania textile ltd.

To evaluate a performance the Tania textile ltd for their sustainable

development.

To find out the marketing strategy.

1.4 Sources of Information

The data and information materials necessary for the study have been

collected from both primary and secondary sources. The primary and

secondary sources includes many individuals such as executive

director ,finance, accounting manager and other officers of finance

department and Tania Textile Mis department of the Tania Textile ltd.

3

1.5. METHODOLOGY:

As a primary source of information I have discussed with the concern

employees of the company to get the necessary information.

My secondary source of information was corporate induction program

manuals/ videos, Annual reports, bulletin & the employees’ yearly

magazine.

1.6. SCOPE:

I tried to focus on the overall day-to-day business affairs of the company. I

cannot not cover the details due to time constrains.

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1.7. Limitation of the study

The study has been conducted on the financial performance analysis of the

Tania Textile ltd now a Garman buying house which has the root of

international and Global concern. It has only one sector that is prepared

ready fashionable fabrics for the world wide customer. My study period was

only for 3 month .I Tried to collect information from different individuals

but due to their preoccupation they really could not give me time and could

not provide me all information that i needed .I had to remain satisfied

whatever information I got from them

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CHAPTER-2

6

2.1 INTRODUCTION

For smoothing exporting goods to abroad needed smooth supply of raw

materials and other related goods. Smooth supply of all goods based on

importing goods from abroad, which are required and local supply of goods,

which are used in making exporting goods. Since Tania textiles ltd is 100%

export oriented organization that’s why Tania textiles ltd need to import

goods from abroad so many things like cotton, machinery, chemicals etc.

And this organization not only import goods from abroad but also exports

goods abroad. Export and import are inter related activity in this company.

So, to uninterrupted export and import it is essential to analysis all the

activities of export and import related. For this reason this analysis is done.

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2.2 COMPANY’SHISTORY

In1980, Tania Textiles entered the textile sector with its manufacturing

facilities of cotton yarn. Combining modern technology with skilled

manpower under Tania 's unique inspiring, atmosphere, and this new Tania

venture soon rose to the top of the local textile industry. Today it has one of

the most sophisticated vertically integrated set-ups.

Tania Textile first ventured into the textile sector with the establishment of

the first unit of the Tania Textile Ltd. in 1980. A year later the establishment

of the second unit followed.

2.3 OUR MISSION

Our mission is realization of vision through maximum production of goods

and services strictly on ethical and moral standards at minimum costs to

the society ensuring optimum benefits to the shareholder and other

stakeholders.

Complete satisfaction

Manufacturing of blended yarn, Finished and dyed Fabrics, dyed yarn, as

per the customer’s requirements and market demand.

Keeping pace with the rapidly changing technology by continuously

balancing modernization and replacement (BMRE) of plant and machinery.

Enhancing the profitability by improved efficiency and cost controls.

Betterment of Mills Employees as quality policy.

Protecting the environment and contributing towards the economic

strength of the country and function as a good corporate citizen.

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2.4 OUR VISION

Our conception of the business germinates from our vision which sees it is

as a means to the well being of the investors, stakeholders, employees and

members of the society at large by creating new wealth in the form of goods

and service that go to satisfy the wants of all of them without disturbing or

damaging the socio-economic balance of the mother earth and that process

of human civilization leading to peaceful co-existence of all the living

beings.

2.5 Quality policy

Tania Textile vision is to play a leading improving the quality of life and

welling of the people of Bangladesh as wells as world wide through

responsible application of knowledge and skills.

To attain the vision Tania Textile ltd will devotes its resources to provide

products and services of high and consistent quality, which ensure values for

money to its customers.

Tania textile ltd aim is to achieve business excellence through quality by

understanding, accepting, meeting and exceeding customer expectation.

Tania Textile limited follows international standards on Quality

management system to ensure consistent quality of products and services to

achieve customer satisfaction.

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Tania textile limited also meets all national regulatory requirements relation

to its current business and ensure that good manufacturing practices as

recommended by world fabric organization is followed for its foreign

market.

The management of Tania Textile ltd commits itself to quality as the prime

consideration in all its business decisions. All employee of Tania Textile ltd

must follow documented procedures to ensure compliance with quality

standards.

The pool of human resources of the company will be development to their

full potential and hissed through regular training and their participation in

seeking continuous improvement of the quality management system.

2.6 Prices and costs competitiveness

The rise in the price of chemicals and dyes by over 30% also affected the

order acceptance and overall production. Exporting countries of dyes,

Chemicals and Colors especially China, India increased their prices making

the market very competitive and difficult. Buyers took advantage of the

competition amongst similar dyeing printing Factories and offered lower

price. Despite such a situation we could improve both export and local

market prices. Dearth of the trained manpower had led to poor labor

productivity and inconsistency in the quality of textile products.

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2.7 Business model

A company’s business model relates to whether the revenue-cost-profit

economics of its strategy demonstrate the viability of the business enterprise

as a whole. In case of Tania Textile Ltd. business model of the company is

not only viable but also it shows its success in many consecutive year as the

company is making huge amount of profit regularly. The business model of

Tania Textile Ltd. is a proven model which ensures the company’s viability

in the market for a long period- from 1986.

2.8 Value chain of the company

The value chain of Tania Textile Ltd. is similar to the following value chain

model.

Figure 3.3: Value chain model for Tania Textile Ltd.

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Absent

On the value chain model, Tania Textile Ltd. lacks efficiency in sales and

marketing. Therefore the company is loosing market share to the competitive

rivals. Also there is no R & D department in the company. This is why they

are lacking in product innovation and product differentiation.

2.9PURPOSE:

The purpose of the report is to examine the current Import & export analysis

of the Tania Textiles Ltd. This is the requirement of the course curriculum of

the subject Intern Ship Programmed of IIUC.

2.10 Objective:

The Prime object of the Group is to form more and more business in new

dimension. Contriving new ways to expand business and diversify the

existing business setting up new establishment. To create employment

opportunities through wider participation in different business transaction in

industrial as well as commercial trade arena.

2.11 Activities:

Tania Textile Mills Ltd is a leading Manufacturer of export quality of 100%

cotton TC, PC, including modern suiting and shirting fabrics. This Mills has

been exporting fabrics through export oriented garments mainly cotton

sheeting twill canvas calico Rib stop Ottoman, Bull twill, Bed ford cord,

Panama canvas etc.

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This Mills has been supplying fabrics to Bangladesh Army, Navy, Air force,

BDR, police & semi-Government organization and other autonomous body

of the country. It has great contributions in the field of industrial and

economic development of Bangladesh, within a very short period. Tania

Textile Mills Ltd is successfully able to contribute a lot to satisfy the needs

of users. The quality of the fabrics is definitely comparable to high quality of

imported fabrics, which has already been gained recognition through

receiving orders from renowned buyers of the world.

This Mills has installed 354 No.s of most modern sulzer Ruti F-2000 &

saurer S 400 Looms for producing medium to heavy fabrics, containing

weight 150 to 400 Gsm./SQM along with the modern European dyeing

printing & finishing Unit.

2.12 CORPORATE HISTORY

Year of establishment : 1980

(In corporate as a public limited company)

Year of operation : 1982

Stock exchange listing (Dhaka & Chittagong): 2002

Award Oeko-Tex Standard 100 : 2000

Award ISO-9002 Certified : 2010

Business Lines : Manufacturing &

Marketing of Yarn

Authorized capital : Tk. 1000 Million

Paid up Capital : 251.90 Million

Number of employee :1223

2.13 ORGANOGRAM:

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RECRUITMENT & SELECTION PROCESS IN ASIAN TEXTILE MILLS LTD:

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Head Of Operations

Head of Marketing

Head of Finance

Head of Commercial

Head of HR

Production Manager

Quality Assurance Manager

Technical Manager

Marketing Manager

Sales Manager

Business Development Manager

Accounts Manager

Finance Manager

Internal Audit Manager

Logistic Manager

Export Manager

Import Manager

Adminis-tration

Manager

Employee Relation Manager

HR Manager

Managing Director

2.17 CURRENT PRACTICES IN TANIA TEXTILE MILLS LTD.

Tania Textile Mills Ltd. maintains a set of established procedure due to

recruitment and selection so that it can pick the right person for the

right position, which is a key factor to achieve extreme level of output

and help to easily meet the organization goal. The process is-

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Broadcasting

Selection Procedure

Conducting Interview

Approved by the Management

Addressed to the M.D.

Requisition

Medical Examination

Offer of Appointment

Period of Probation

Confirmation of Appointment

Issuing Appointment Letter

CHAPTER-3

3.1 SWOT ANALYSYS:

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In order to accomplish SWOT analysis the researcher followed the steps

below.

Figure 3.2: Steps of SWOT analysis.

3.2 STRENGTH

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Sister concern of A Hossain group with high technical support.

High amount investment in machine and factory.

No workers unrest because of location facility.

Own dormitory for staff and workers.

Sophisticated high-tech machinery’s used for production and Quality

control.

Best quality products

Text book marketing practices

National Company with Multinational image

Market leader and cardiovascular and dermatological products.

3.3 WEAKNESS

Cost of yarn is high for high quality.

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Raw cotton is not available in local market.

Unstable price of Raw cotton in the international market.

Less developed of It sector

Less doctor coverage

Inadequate training on customer handling at the lower level

3.4 OPPORTUNITY

Huge scope for export.

Operational efficiency.

Provision for capacity expansion.

A strong network

E-business opportunities

High demand of quality products

High growth rate of industry

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Favorable reputation with customer

3.5 THREAT

Invasion of Indian yarn through black market.

Unstable economic situation of our country.

Unstable political condition.

Bargaining power of suppliers

Increasing number of new comers in the sector

Bangladesh Govt regulation on fabrics industry sector .

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CHAPTER-4

Analysis of Competitive Position

4.3 Competitive positioningIn order to identify the competitive position of the company, the researcher used strategic

group mapping considering the selected 7 companies by the group. In strategic group

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mapping researchers has given importance to the cost of the products, product quality,

active marketing, lead time, delivery time, and export quantity.

High

Low

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A C T I V E M A R K E T I N G

Tania Textile

Ltd.

Monno Fabric

Bex-tex

Rahim Textile

Babylon

Viella-Tex

Desh

Low High

Figure 3.1: Strategic group mapping by active marketing and lead time.

The figure above shows that Monno fabric, Rahim textile, Babylon

Garments, Desh garments and Viella-tex have similar ranking on the basis of

the two attributes. All these five companies have higher lead times while

they are low on active marketing. So, these five companies emerge as a

strategic group. On the other hand, Tania and Bex-tex have average

performance on each of the considered factors of the mapping and hence,

they can be said to fall in the same group.

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Lead Time

4.4 Key resources

Key resource strengths of a company generally form the cornerstones of

strategy and make the company competitive in the industry. From the KII

with the top level managers of Tania Textile Ltd. the researcher identified

that key resources of the company are:

Highly experienced professional

Better technology

Better market access

4.5 IMPORT ANALYSIS

Tania Textiles Ltd is a 100% export oriented Yarn manufacturing company.

They mainly produce Yarn and export it to Fabrics manufacturing company

and fabrics manufacturing company export it to garments industry through

Back to back L/C and garments Garment industry export this fabrics against

master L/C after certain process in this sane Tania Textiles Ltd is Exporter

of yarn. But in the commercial term these kinds of exporter are called deem

exporter. As main job of Tania Textiles Ltd is to manufacturing and

exporting of Yarn so they need some raw materials and axillaries to

manufacturing this product. Main raw materials of Tania Textiles Ltd are

various types of raw cotton. As Tania textile is a vertical integrated

company. So they have forward and backward linkage facility e,i. they have

fabrics manufacturing company and they have garments manufacturing

company. Tania Knit Fabrics Ltd get 100% L/C from their own garments

Industry and Tania Textiles ltd. Get 60% L/C from their own company

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Tania Knit Fabrics Ltd and another 40% get from other company. So that the

buyers of Tania Fashions & Others garments industry are the ultimate buyers

of Tania Textiles Ltd. Tania Textiles Ltd mainly procure their raw cotton by

100% cash L/C.

4.6 IMPORT

As the main raw martial of Tania Textiles Ltd is raw cotton. So the procure

their raw materials under two ways

1) Local import

2) Foreign Import

4.7 LOCAL IMPORT:

As Tania Textiles Ltd. is a largest finest yarn manufacturing company of

Bangladesh so they need various type of raw cotton. But we cannot produce

high quality of raw cotton in our country so we 100% depended on imported

cotton so that Tania Textiles . Local import is nil.

4.8 FOREIGN IMPORT

As we know that to produce high quality of yarn need high quality of raw

cotton. High quality of raw cotton means which cotton exists length fiber is

long and fibers are matured. To produce high quality of raw cotton mainly

needs favorable weather condition but we have not. So ultimately we

depended fully imported raw cotton for our textiles mills. Tania Textiles Ltd

mainly procure central Asia’s cotton e,i. Uzbekistan’s, Turkmenistan’s,

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Kazakhstan’s, and Tajikistan’s raw cotton as per their buyers satisfaction.

Though the price of central Asia’s raw cotton are higher than the others

cotton. Tania Textiles also procure raw cotton from Zimbabwe, Syria, USA,

India, West African, Indonesia, and Thailand etc through cash L/C.

4.9 COMPARISON TO OTHERS COMPANY WITH IMPORT

POLICY:

Tania Textile Mills Ltd think, though customers like central Asia’s cotton at

higher price and most of the spinning mills go for central Asia’s cotton as

per their customers satisfactions. But this trend is not continuing for long

period. Because may central Asia’s companies think they will produce yarn

in their own country or others company like Asian Textile think they

established a plant in central Asia’s country. Then central Asia’s cotton are

not available then what will do the others company. Tania Textile Mills Ltd

always think different. For this reason to face this problem they use 60% to

50% CIS cotton and 40% to 50% others cotton which quality is same like

CIS cotton to overcome future any problem. Asian Textiles do not follow

others so allover the year they procure cotton for two or three month

advance. So that over the year they can maintain average cotton price and

they do not loss hues and they do not gain hues. But on the other hand others

company they forward book all over the year so if the cotton price is higher

then they gain hues and cotton price is down they losses hues.

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4.10 LACKING OF POLICY

Tania Textile Mills Ltd always use Heterogeneous system e,i. They use mix

cotton to produce yarn, so their production cost is less and others company

use general system e,i. They use 100 % Uzbekistani’s cotton it is costly so

their production cost always high. If in the market create a rumer that Asian

Textiles do not use 100% Uzbek cotton but their yarn rate is higher than the

others it is bad for them and they can loose their big market.

4.11 HOW CAN OVERCOME THIS LACKING

Tania Textiles can avoid Heterogeneous system and they can increase their

dependency on Central Asia’s cotton.

They can reduce their yarn price and convince customers that though

TaniaTextile use heterogeneous system but their result is same like central

Asia’s cotton.

They can also convince their customers to reduce dependency on CIS cotton

to absorb any shock in future.

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4.12 LAST THREE YERS IMPORT POSITION

QUANTITY IMPORT IN THOUSAND (TAKA)

2010 2009 2008

Raw materials Import 1293112 1069660 1293012

Total Sales 1293112 1069660 1293012

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Figure: 5

4.13 EXPORT ANALYSIS

DIRECT EXPORT

Direct export of Tania Textiles Ltd is so little because they import 100% raw

cotton from abroad so their yarn price is higher than the others country

4.14 LOCAL EXPORT

As a deem exporter Tania Textiles Ltd export their 60% yarn to their own

sister concern Tania Knit Fabrics Ltd and balanced yarn they export to the

others textiles industry through back to back L/C. Tania Knit Fabrics Ltd

mainly export their 100% fabrics to their another sister concern Tania

Fashions Ltd which is a world class garments manufacturing company and

others textiles industry export their fabrics to others garments company in

our country. Tania Fashions ltd and others garments company have strong

marketing tem they visit all over the world to market their product to world

class buyer like Puma, Nike, Asda, Matalan. Allmart, Mark & Spencer,

Kitaro, Redfild, H&M, Ashcity, Mexx etc Tania Fashions Ltd and others

garments company Mainly collect L/C from those world class buyer and

Tania Fashions Ltd give L/C to Tania Knit Fabrics Ltd and others garments

company give L/C to another Fabrics manufacturing company to collect

fabrics. As well as Tania Knit Fabrics Ltd and others textiles mills give L/C

to Tania Textiles Ltd to collect yarn for producing fabrics. As Tania Textiles

is a deem exporter so the export their yarn to Tania knit Fabrics and others

textiles industry Tania Knit Fabrics and others textiles company export their

fabrics to Tania Fashions and others garments industry and garment

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companies are direct exporter so in this scence TaniaTextiles Ltd is 100 %

export oriented yarn manufacturing company. Tania Textiles Ltd also sale a

little portion of yarn in locally which is produce by wastage cotton. These

types of yarn are “B” Grade and it is not meet the export quality.

4.15 COMPARISON TO OTHERS COMPANY WITH EXPORT

POLICY

Tania’s policy is always different from the others companies policy. So

Tania Textiles follow some technique to increase their export. Like in

production they use heterogeneous system to create a big lot e,i. As same

quality of cotton they mix as bellow:

Uzbekistani’s Cotton 2 Bells

US Cotton 1 Bell

Syrians Cotton 2 Bells

West African’s Cotton 3 Bells

Indonesia’s Cotton 1 Bell

____________

Total 9 Bells

And create a big lot 90 tons to 100 tons, so that big customers always prefer

to use same lot of yarn to get better result in dyeing and there no shade

variation for their big production. Tania Textiles always try to produce same

quality of yarn allover the year for this reason buyers always prefer Tania

textile’s Yarn but others company follow general system Where they use

Same cotton e’i. When they use Uzbek cotton then they use only Uzbek

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cotton. So that their yarn lot is always small e,i. 30 to 40 tons and allover the

year they cannot maintain the same quality, so big buyer do not prefer their

yarn for their hues production.

Tania Textiles Ltd follows another technique e,i. they always try to meet

customer’s shipment on due date but on the other hand others company

always cannot do that. So Tania Textile’s sales always in creasing.

4.16 LACKING OF POLICY

Tania Textiles Ltd always use Heterogeneous system e,i. They use mix

cotton to produce yarn, so their production cost is less and others company

use general system e,i. They use 100 % Uzbekistani’s cotton it is costly so

their production cost always high. If in the market create a runner that Tania

textiles do not use 100% Uzbek cotton but their yarn rate is higher than the

others it is bad for them and they can loose their big market.

4.17 HOW CAN OVERCOME THIS LACKING.

Tania Textiles can avoid Heterogeneous system and they can increase their

dependency on Central Asia’s cotton.

They can reduce their yarn price and convince customers that though Tania

use heterogeneous system but their result is same like central Asia’s cotton.

They can also convince their customers to reduce dependency on CIS cotton

to absorb any shock in future.

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4.18 Award of achievement on the basis of Export:

Quality is the best policy. The company always tries to maintain the product

quality to promote the product in the market. The company has got awarded

last year from the ministry of commerce and prime minister.

32

4.19 LAST FOUR YEARS SALES TURNOVER

It refers Export

QUANTITY SOLD IN THOUSAND (KG.):

2010 2009 2008 2007

Local sales 99 527 539 453

Export sales 14554134171312912705

Total Sales 14653139441366813158

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Figure: 6

4.20 QUANTITY SOLD IN THOUSAND (TAKA):

2010 2009 2008 2007

Local sales 9455 32576 46956 43881

Export sales 2093214 1756441 2029968 2054190

Total Sales 2102669 1789017 2076924 2098071

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Figure: 7

Figure: 8

4.21 MARKET SHARE:

Shamim Spinning Mills Ltd. 30%

Padma Textiles Ltd. 25%

Tania Textiles Ltd. 20%

Mother Textiles Ltd. 15%

Prime textiles Ltd. 05%

Others 05%

Total 100%

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CHAPTER-5

36

5.1 Financial Statement

Tania TEXTILES LTD.BALANCE SHEET

As at 31 December 2010.

AMOUNT IN TK.

31-12-2010 31-12-2009

NET ASSETS:

FixedAssets 121,73,31,766 132,66,42,613

Current Assets:Stocks 32,90,15,503 25,05,79,314Trade Debtors 84,00,66,283 74,68,96,100Adv. Deposits & Payments 4,66,13,570 4,88,12,438Cash & Bank Balances 6,83,69,954 91,24,736

250,13,97,076 238,20,55,201

5.2 LIABILITIES:

Current Liabilities:

Short Term Loan 113,01,54,432 99,75,36,568Long Term Loan-Current Portion ------------- 11,28,97,588Sundry Creditors 7,08,81,052 5,84,02,645Liabilities For other Finance 4,73,56,925 3,95.84.188Provision for Income Tax 1,91,10,742 ___ 57,51,014

126,75,03,151 121,41,72,003

SHARE HOLDERS EQUITY:

Share Capital 25,19,00,000 25,19,00,000Tax Holiday Reserve 33,96,71,397 29,69,28,100General Reserve & Surplus 64,23,22,528 59,77,80,098

250,13,97,076 238,20,55,201

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5.2 Tania TEXTILES LTD.

INCOME STATEMENT

For the year ended 31 December 2010.

AMOUNT IN TK.

2010 2009

Sales 210,26,70,263 178,90,18,386

Less: Cost Of Goods Sold 173,70,55,759 150,02,81,590

Gross Profit: 36,56,14,504 28,87,36,796

Less: Operating and

financial expenses 17,55,24,220 19,78,35,510

Operating Income 19,00,90,284 9,09,01,286

Other Income 2,25,844 6,63,215

Net Profit Before WPPF 19,03,16,128 9,15,64,501

Allocation For WPPF & WF 90,62,673 43,60,214

Net Profit Before Tax 18,12,53,455 8,72,04,287

Less: Provision for

Income Tax 1,33,59,728 57,51,014

Net Profit For the Year 16,78,93,727 8,14,53,273

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5.3 Tania TEXTILES LTD.

Cash Flow Statement

For the year ended31 December 2010.

AMOUNT IN TK.

2010 2009

Cash Flow fromOperating Activities:

RECEIPTS:Collection From Sales 200,95,00,080 186,13,50,517Others 2,25,844 6,63,215

200,97,25,924 186,20,13,732Less:PAYMENTS:Purchase of Raw andPacking Materials (139,80,91,956) (104,62,25,984)Manufacturing andOperating Expenses (33,94,18,521) (32,32,02,946)Interests (11,44,33,862) (14,26,12,064)Workers Profit Participation Fund (42,62,961) (81,73,177)

185, 62, 07,300 152,02,14,171

Net Cash Provided byOperating Activities 15, 35, 18,624 34,17,99,561

Cash Flow fromInvesting Activities:

Purchase of Fixed Asset (1, 78, 17,640) (1, 95, 36,204)Less: Disposal of Fixed Asset 57, 06,958 40, 00,000Net Cash Used inInvesting Activities 1, 21, 10,682 1, 55, 36,204

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5.4 Cash Flow from Financing Activities:

Long and Medium

Term Loan-Repaid 13, 41, 72,588 17, 52, 92,648

Dividend Paid 8, 06, 08,000 7, 40, 59,553

Short Term Loan-Received (13, 26, 17,864) (8, 04, 32,598)

Net Cash Used in

Financing Activities 8, 21, 62,724 32, 97, 84,799

Increase/(Decrease) in

Cash Bank Balance 5, 92, 45,218 35, 21,442

Cash and Bank Balance

At Opening 91, 24,736 1, 26, 46,178

Cash and Bank Balance

At Closing 6, 83, 69,954 91, 24,736

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CHAPTER-6

41

6. Job responsibility:

6.1 Payment receipt

I am working here as a junior accountant officer of Tania textile ltd. Just i

collect all kinds of receipt from the party and put the cash book on behalf of

Tania textile ltd.

6.2 Party payment:

Party payment is an another responsibility as a accountant officer. To pay

the all kinds of payment and its the part of the accounts and to maintain

accounts of the company, LC opening and maintain Company accounts.

6.3 Working Capital:

Working Capital is the more important for a company. To run the company

in proper way have to main the working capital. Working capital use as a

blood of a Company. Working Capital is my Another job.

6.4 Cash book:

To check the all kinds of transaction which are occurred on behalf of

Company and posting the journal and leaser and finally make a balance

sheet.

42

6.5 ORGANIZATIONAL STRATEGY

43

6.6 NAME OF STRATEGY

Tania follows the following organizational strategy for his organization:

1) Business diversification strategy

2) Best cost strategy

3) Nich marketing strategy

1) In present they are diversified business giant in Bangladesh.

2) They always provide improved quality of product for their customers

with lower price and they never compromise with their quality.

3) On the part of their business diversification strategy the always

tried to making their product for nich market Ex: Tania harbal

Ltd. (A harbal medicine Company)

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6.7 Ethics and Social Responsibility

7.1 Business Ethics in Tania Textile Ltd.

Ethical practice in any company comes along with the organizational

culture. Culture posses some values that guides the ethical behaviors. The

following diagram shows the components of shared organizational values

that help to maintain ethical standards.

Figure 7.1: Shared organizational values

RMG (Woven) industry analysis concludes that most of the players in this

industry don’t show ethical responsibility to their vital factor of production

that is labor. Labor is the major driving force for economic growth. But the

wages paid to them are too low for their contribution. The minimum wage

for a garments industry labor is Tk.1662 only. The amount shows how

negligible the amount is relative to their contribution. Besides all these not

paying wages timely makes the situation worse leading to frequent labor

unrest.

45

Tania Textile Ltd. strives for the following ethical practices in their factory

and corporate house environment.

The company owes its shareholders and strives for protection of their

capital as well as ensures highest return and growth of their assets.

The company strives for best compensation to all the employees who

constitute the back-bone of the management and operational strength

of the Company.

The company strives for the best co-operation of the creditors and

debtors the banks & financial institutions who provide financial

support when the company needs them, the suppliers of raw materials

& suppliers who offer them at the best prices at the opportune

moments, the providers of utilities-power, gas& water etc. and the

customers who buy its products and services by redeeming their claim

in time by making prompt payment and by distributing proper product

on due dates to its customers.

The company strives for fulfillment of its responsibility to the

Government through payment of entire range of due taxes, duties and

claims by various public agencies like municipalities etc.

The management strives, as responsible citizen, for a social order

devoid of malpractices, anti environmental behaviors, unethical and

immoral activities and corruptive dealings.

The company strives for practicing good-governance in every sphere

of activities covering inter alia not being limited to, disclosure &

reporting to shareholders, holding AGM in time, distribution of

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dividends and other benefits to shareholders, reporting/dissemination

of price sensitive information etc.

The company strives for equality in sexes, races, religions and regions

in all sphere of operation without any discriminatory treatment. '

The company strives for an environment free from pollution and

poisoning.

The company strives for the achievement of Millennium development

goals for the Human Civilization.

6.8 Practice of corporate social responsibility in Tania Textile Ltd.

Corporate social responsibility in RMG industry should be ensured for

Better public expectations

Long-run profits

Ethical obligation

Public image

Better environment

Discouragement of further governmental regulation

Balance of responsibility and power

Stockholder interests

Possession of resources

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Figure: Social Responsibility strategies

Figure summarizes the social responsibility strategies. The researcher

revealed that Tania Textile Ltd. always ensures the workforce diversity in

their recruitment process. Besides, the company believes that Business

should work against corruption in all its forms, including extortion and

bribery. The management not only believes the above statement but also

practice in working environment. The company strives for best

compensation to all the employees who constitute the back-bone of the

management and operational strength of the Company. The company strives

for an environment free from pollution and poisoning.

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6.9 Dimensions of organizational culture

Culture of an organization consists of the characteristics as described in the

following figure.

Figure 8.1: dimensions of organizational culture

From the perspective of the woven garments industry in Bangladesh, most of

the employees in the industry come from inferior background in terms of

both academic and social status. Almost all the workers’ educational

background is either SSC or below SSC. They are mostly unaware about the

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culture of the organization. Even the managers are very little concerned

about the culture of their organization.

From our focus group discussion, the discussants give importance on the

following characteristics of organizational culture:

Aggressiveness

The managers are aggressive with their workers rather than easygoing. The

managers always give pressure to the workers about their performance. Even

a worker is performing satisfactorily; she or he is not given any kind of

motivational incentive or compliments to continue his performance.

Team orientation

In this industry team orientation among the employees is nearly absent. The

managers, in most of the cases being unaware about synergy, do not bother

about the performance of team, rather always prefer individual performance.

People orientation

People orientation reflects the degree to which the management decisions

take into consideration the effect of outcomes on people within the

organization. By definition and comments of the discussants of FGD, this

characteristic of organizational culture is rarely practiced by the managers in

planning, design and implementation of production.

Outcome orientation

Outcome orientation measures the degree to which management focuses on

results or outcomes rather than on the techniques and processes used to

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achieve those outcomes. In most of the woven garment industry the

production managers are outcome oriented. They attach importance to the

quality of the products rather than their production process and technology

used in production.

Attention to detail

Attention to detail is the degree to which employees are expected to exhibit

precision, analysis, and attention to detail. Since most of the workers in the

garment industry are unskilled and even they are not provided any kind of

training, they must follow the guidelines of their work literally as mentioned

by the managers.

Innovation and risk taking

It is the degree to which employees are encouraged to be innovative and take

risks. In Bangladeshi garment industry creative decisions that incur

significant change or risk are not encouraged. Because managers or any

other employees of failed projects are openly criticized and penalized,

managers try not to implement ideas that deviate much from the status quo.

One lower-level manager quoted an often used phrase in the company: “If it

ain’t broke, don’t fix it.”

Stability

It is the degree to which organizational activities emphasize maintaining the

status quo in contrast to growth. Most of the organizations in the industry do

not possess any global status. Therefore, the organizations are little bothered

about their status. On the contrary, the managers are bound to maintain the

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existing status of the organization. They cannot take any step or implement

any idea deviating from the existing status of the organization whether the

idea may be fruitful for the organization.

6.10 REASON FOR SUCCESS/FAILURE

Most of the cases they are successful because they are committed to his

customers and Bangladesh for their quality product. Tania believes in using

advanced technology to cope with the changing world. Motivation &

diversification is its major strength.

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CHAPTER-7

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7.1 FINDINGS

Tania Textiles mainly use mix cotton to produce yarn but on the other

hand others company use Uzbek cotton.

Tania Textile’s yarn price is higher than the others company

Tania Textiles do not forward booking to procure cotton but others

company do that.

They do not arrange get together for their big buyer at least one time a

year.

They do not invite their big buyer to visit their factory.

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CHAPTER-8

8.1 . RECOMMENDATION:

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As Tania Textiles use mix cotton so they can reduce their yarn price

Tania Textiles can follow the others company e,i. they can only use

CIS cotton.

Tania Textiles can convince their buyer to reduce dependency on CIS

cotton to absorb any shock in future.

They can arrange get together for their buyer at least one time a year

where buyer can freely discuss their problem and they can give their

advice to overcome this problem.

8.2. CLOSING SECTION

8.3 SUMMERY

Tania Textiles Ltd. is one of the largest companies in the textile sector of the

country. It has a most modern and sophisticated equipment with a group of

professional peoples who posses a high standard of technical know how.

This company produces a high quality of yarn of which 95% is exported to

foreign countries and this has been possible as the company is very

conscious in maintaining the high standard of quality. Presently the

company’s progress is upwards. Finally we can say this company has set a

milestone in the textile sector in the country.

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CHAPTER-9

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9.1 CONCLUSION

Tania Textiles Ltd. has reached to its present stable and profitable position

due to its operational activities in the right way managed by a group of

professional and technical experts. The company’s people are well

motivated and working under a healthy congenial environment. Here all

facilities are available for smooth operations of the company. On the other

hand the company is contributing to the national economy by employing a

lot of people and earning foreign currency for which we feel proud for

having such a company in our country.

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9.2 REFERENCE

www.Tania.bd.com

8. BACK MATTER

8.1. BIBLIOGRAPHY

Annual Report

www.Tania.bd.com

8.2. GLOSSARY:

1. Income Statement: A Financial Statement that presents the revenues &

expenses

2. Balance Sheet: A Financial Statement that reports the assets, liability &

owners equity at a specific date

3. Cash Flow Statement: A Financial Statement that summarizes cash inflow

& outflow

4. Liability: Creditor ship claim on total assets

5. Blow Room: It is the first stage of yarn manufacturing process to clean

raw materials (Cotton)

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6. Combed Yarn: When yarn production processes gone through the combed

machine (Best quality yarn)

7. Count: Measurement of yarn thickness

8. Hosiery Plant: The yarn used for hosiery products

09. Humidification: This is the system of air handling with control of

moisture in the air

10. ISO: International Standard Organization

11. OEKO: TEX Standard law. US based certification body for controlling

health-hazard

12. Paid up Capital: It is the part of the authority capital, which are initiates

invested in the business

13. Spindle: This is the unit of a final production process in textile industry

14. Span: The process to make yarn from stable fiber and fiber raw cotton

15. Yarn: Fine fiber raw cotton.

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