MBA mini project by Tushar N. Chole

© MGM-IOM/ Mini Project/ 2012

A MINI PROJECT REPORT

ON

TTK Prestige

By

Tushar Narayan Chole

© MGM-IOM/ Mini Project/ 2012 Page 1


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


Roll No.: R12008

Division: A

Semester-I (2012-13)

MGM’s

Institute of Management (IOM), CIDCO, Aurangabad (MS)



DECLARATION

I, undersigned, hereby declare that the mini project

report on TTK Prestige submitted to the MGM’s 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.


Roll no.R12008 Division: A



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, MGM’s 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.



MGM’s

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 Mr.Saha G.G. Dr. Pardeep

Kumar



INDEX

TOPIC NAME PAGE NO

PART 1- PROFILE OF COMPANY 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



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 & WORKSPlot No. 38, SIPCOT Industrial ComplexHosur - 635 126, Tamil Nadu.

CORPORATE OFFICE11th Floor, Brigade Towers135, Brigade Road

Bengaluru - 560 025.FACTORIES82 & 85, SIPCOT Industrial ComplexHosur - 635 126

Tamil Nadu.SF-234/1, Pollachi RoadMyleripalayam VillageCoimbatore - 641 032

Tamil Nadu.Plot No. 1A & 2Dev Bhoomi Industrial EstateRoorkee - 247 667Uttarakhand

BRANCHESAhmedabad, 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:

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 TTK prestige hand blanders



Organization structure:



Board of Director:

Executive ChairmanShri. T.T. Jagannathan

Vice ChairmanShri. T.T. Raghunathan

Managing DirectorShri. S. Ravichandran

DirectorShri. Ajay I. Thakore

DirectorShri. R. Srinivasan

DirectorDr. (Mrs.) Latha Jagannathan

DirectorDr. (Mrs.) Vandana R. Walvekar

DirectorShri. Dileep Kumar Krishnaswamy

DirectorShri. Arun K. Thiagarajan

Director & Whole-time SecretaryShri. 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.



Analysis & Statistics

PRODUCTION STATISTICS:

Last 5 years in turnover and analysis:

Yearly Results of TTK Prestige------------------- in Rs. Cr. -------------------

MAR '12 MAR '11 MAR '10 MAR '09 MAR '08

Sales Turnover 1,103.43 763.57 507.94 401.28 325.94

RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2008



Product Name Unit Quantity ValueOthers Not Applicable NA 116.50Aluminium Metric Tonnes 2,950 47.29Stainless Steel Metric Tonnes 593 11.11

Total 174.90 Raw materials:

RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2009Product Name Unit Quantity ValueOthers Not Applicable NA 161.98Aluminium Metric Tonnes 2,967 48.81Stainless Steel Metric Tonnes 476 8.05

Total 218.84

RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2010Product Name Unit Quantity ValueOthers Not Applicable NA 72.90Aluminium Metric Tonnes 3,431 44.36Stainless Steel Metric Tonnes 550 7.32

Total 124.58

RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2011Product Name Unit Quantity ValueOthers Not Reported NA 105.20Aluminium Metric Tonnes 4,391 69.12



Stainless Steel Metric Tonnes 641 10.48

Total 184.80

RAW MATERIALS ------------------- IN RS. CR. ------------------- MAR 2012Product Name Unit Quantity ValueComponents Not Reported NA 138.62Aluminium Metric Tonnes NA 93.89Stainless Steel Metric Tonnes NA 14.06

Total 246.57

Raw Materials



Source : Dion Global Solutions Limited

Financial analysis

Own fund, Borrowed fund-

YEARS 2012 2011 2010 2009 2008

OWN FUND 339.01 339.01 339.01 339.02 339.02

BORROWED 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 2008-2012, 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.)

YEARS 2008 2009 2010 2011 2012

Current Assets

4500 4852 6569 19698 68360

Fixed Assets

5200 5975 6400 9143 24010

ROI

ROI

TTK.NS INDUSTRY SECTOR

ROI: 33.47 7.19 11.40



Human resource management:

No Of Employees - 15000

manufacturing units - 15

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



Marketing Statistics:

Yearly Results of TTK Prestige------------------- in Rs. Cr. -------------------

MAR '12 MAR '11 MAR '10 MAR '09 MAR '08

Sales Turnover 1,103.43 763.57 507.94 401.28 325.94

Other Income 3.08 4.30 1.14 0.50 1.49

Total Income 1,106.51 767.87 509.08 401.78 327.43

Total Expenses 928.31 641.91 432.92 363.65 294.66

Operating Profit 172.04 121.66 75.02 37.63 31.28

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 -- -0.59 3.79 -- 2.83

Tax On Extraordinary Items -- -- -- -- --

Net Extra Ordinary Income/Expenses -- -- -- -- --

Gross Profit 175.12 125.96 76.16 38.13 32.77

Interest 5.64 0.76 1.14 5.65 7.67

PBDT 169.48 124.61 78.81 32.48 27.93

Depreciation 6.24 4.26 3.59 3.48 3.84

Depreciation On Revaluation Of Assets -- -- -- -- --



PBT 163.24 120.35 75.22 29.00 24.09

Tax 49.88 36.60 22.78 6.62 3.42

Net Profit 113.36 83.75 52.44 22.38 20.67

Prior Years Income/Expenses -- -- -- -- --

Depreciation for Previous Years Written Back/ Provided

-- -- -- -- --

Dividend -- -- -- -- --

Dividend Tax -- -- -- -- --

Dividend (%) -- -- -- -- --

Earnings Per Share 100.14 73.98 46.33 19.77 18.24

Book Value -- -- -- -- --

Equity 11.32 11.32 11.32 11.32 11.33

Reserves 271.62 178.00 110.69 71.17 55.40

Face Value 10.00 10.00 10.00 10.00 10.00



Source: Dion Global Solutions Limited

Competitors in the market:

NAME LAST PRICE MARKET CAP.(RS. CR.)

SALESTURNOVER

NET PROFIT TOTAL ASSETS

TTK Prestige 3,132.35 3,546.16 1,103.43 113.36 302.40

Bajaj Electric 224.65 2,239.78 3,098.85 117.88 887.02

Panasonic App 80.35 76.68 179.86 -12.77 39.00

Khaitan Electric 59.10 67.97 441.34 -16.23 356.26

Sujana Uni 3.05 51.50 3,693.57 28.57 1,124.41

Polar Industries 2.75 5.83 0.06 -5.40 -91.91


http://www.moneycontrol.com/india/stockpricequote/domesticappliances/polarindustries/PI14

http://www.moneycontrol.com/india/stockpricequote/domesticappliances/sujanauniversalindustries/SUI

http://www.moneycontrol.com/india/stockpricequote/domesticappliances/khaitanelectricals/KE02

http://www.moneycontrol.com/india/stockpricequote/domesticappliances/panasonicappliancesindiacompany/PHA01

http://www.moneycontrol.com/india/stockpricequote/domesticappliances/bajajelectricals/BE

http://www.moneycontrol.com/india/stockpricequote/domesticappliances/ttkprestige/TTK02


Financial statistics

Particulars Rs (in cores)

1.1 Net sales during the year 1,103.431.2 Less cost of goods sold - 928.31 _____________ Gross profit 175.121.3 Less administrative overhead (office exp.) - 06.24

_____________ 168.88

1.4 Less interest and bank charges - 05.64 ____________

Profit before interest and tax 163.241.5 Less provision for taxation and dividends - 49.88

_____________Net profits transferred to balance sheet 113.36



BIBLIOGRAPHY-

I Have Taken The Help Of The Following Resources.

www.ttkprestige.com

www.moneycontrol.com

www.google.com

www.capitaline.com


http://www.google.com/

http://www.moneycontrol.com/

http://www.ttkprestige.com/

Education

MBA mini project by Tushar N. Chole