REPORT ON

ORGANIZATION STUDY
AT

“WINDOORS TECH PVT. LTD”

BY

POORNASHREE B
USN: 1RN18MBA23

Submitted to
VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELAGAVI

In Partial Fulfilment Of The Requirements For The Award Of The Degree Of

MASTER OF BUSINESS ADMINISTRATION

Under the Guidance of

Internal guide External guide

Ms. ARCHANA J R MR. MOHAN KUMAR B T
Assistant Professor Managing Director
Department of MBA Windoors Tech Pvt Ltd
RNSIT, Bengaluru Bengaluru

RNS Institute of Technology

Department of MBA & Research Centre
Dr. Vishnuvardhan Road, Channasandra, Rajarajeshwarinagar Post,
Bengaluru, Karnataka – 560098

August 2019
 RNS INSTITUTE OF TECHNOLOGY
(AICTE Approved, VTU Affiliated and NAAC ‘A’ Accredited)
Channasandra, Uttarahalli – Kengeri Main Road, Rajarajeshwari Nagar
Post,
Bengaluru – 560098
Department of MBA & Research Centre

CERTIFICATE

This is to certify the [Link] B bearing USN 1RN18MBA23, is a bonafide

student of Master of Business Administration course of R N S Institute of Technology,
affiliated to Visvesvaraya Technological University, Belagavi. Organization study
(18MBAOS307)report at WINDOORS TECH PVT LTD is prepared by him under the
guidance of [Link] J R, in partial fulfillment of the requirements for the award of
the degree of Master of Business Administration of Visvesvaraya Technological University,
Belagavi Karnataka.

Signature of Internal Guide Signature of Head of

Department

Signature of Principal

-----------------------------------------------------------------------------------------------------------------
-----------Viva-Voce Examination Date:

Signature of Internal Examiner Signature of

External Examiner Name and Affiliation
Name and Affiliation
 DECLARATION

I, POORNASHREE B, hereby declare that the report entitled “ORGANIZATION

STUDY AT WINDOORS TECH PVT. LTD” prepared by me under the guidance of Ms.
ARCHANA J R faculty of M.B.A Department, R N S Institute of technology and external
assistance by Mr. Mohan Kumar B T Managing Director, Windoors Tech Pvt. Ltd.

I also declare that this study is towards the partial fulfillment of the university regulations
for the award of degree of Master of Business Administration by Visvesvaraya
Technological University, Belagavi.

I have undergone an organization study for a period of 4 weeks. I further declare that this
report is based on the original study undertaken by me and has not been submitted for the
award of any degree/ diploma from any other University/ Institution.

Place: Bengaluru Student Name: POORNASHREE B

Date: /08/2019 (1RN18MBA23)
 ACKNOWLEDGEMENT

It was my privilege to undergo the organization study at WINDOORS TECH LLP . There
are many people who have helped me to complete this study successfully. It is with
thegratitude that I acknowledge the help, which guided my efforts with success.

I wish to express my profound gratitude to Dr. H N Shivashankar, Director, RNSIT, for his
constant encouragement.

I express my sincere thanks to Dr. M K Venkatesha, Principal, RNSIT, for his kind words
of motivation.

I also express my sincere thanks to Dr. U Bhojanna, Head of Department, MBA Department
and Research Centre for being the backbone of support throughout the study.

It is my foremost duty to express my wholehearted thanks to my guide Ms. ARCHANA J R.

for the valuable guidance, support and motivation during the course of this study. The
inspiration provided by my guide at every stage of my work has helped me immensely in
completion of this organization study and preparation of this report.

My profound thanks to Mr. MOHAN KUMAR B T, who took interest in explaining

concepts and imparting necessary inputs pertaining to the organization study, without which
it would not have been possible for me to complete this work. I am also very thankful to
other executives and staff of the company for their co-operation.

Last, but not the least, I am indebted to my family members and friends for their blessings
and encouragement.

Place: Bengaluru Student Name: POORNASHREE B

Date: /08/2019 (1RN18MBA23)
 EXECUTIVE SUMMARY

The main objective of doing this internship was to expose the students to understand the

working culture of organisation, apply theoretical concepts in real life situation at the work

place for various functions of the organisation.

Internship is great opportunity for students to have a good knowledge about

organisation it is useful for students to understand corporate environment. It helps in very

efficient manner with appropriate guidelines provided by guide.

The 4-week Internship undertaken on the organisation study in WINDOORS TECH LLP.

The project work has provided a platform to bridge the gap between theory and practical

concepts. It provided us an opportunity to relate the management concepts to the actual

functioning of the organisation. This study was conducted by collecting data from various

sources.

The internship reports deals with Introduction about the Internship need for the study,

Objective of the study, Scope of the study, Industry profile and company profile Promoters,

Vision and Mission & Quality policy, Product and Services profile, Areas of operation,

Infrastructure facilities, Competitors information, McKensey’s 7s framework, Porters five

forces model, SWOT analysis, Future growth and prospect and Financial statement.
 TABLE OF CONTENTS

CHAPTERS PARTICULARS Pg. No

1. INTRODUCTION TO INTERNSHIP AND 1-8
INDUSTRY PROFILE

1.1 Internship 1

1.2 Industry Profile 2

1.3 Sector Major Player 7

2. COMPANY PROFILE 9-19

2.1 Background 10

2.2 Nature of the Business 11

2.3 Vision, Mission & Quality Policy 12

2.4 Products of the Company 13

2.5 Ownership 15

2.6 Awards and Achievements 15

2.7 Competitor Analysis 16

2.8 Competency Mapping 17

2.9 Future Growth and Prospects 19

3. MCKINSEY’S 7-S FRAME WORK AND 20-32

PORTER’S 5 FORCE MODEL

3.1 McKinsey’s 7-S Framework 20

3.2 Porters Five Force Model 29

4. SWOT ANALYSIS 33-35

4.1 Strength 34

4.2 weakness 34

4.3 Opportunity 35

4.4 Threat 35
5. FINANCIAL STATEMENT 36-45

5.1 Analysis of Financial Statement 36

5.2 Profit and Loss 36

5.3 Balance Sheet A/C 38

5.4 Ratio Analysis 39

5.4.1 Current Ratio 40

5.4.2 Gross Profit Ratio 41

5.4.3 Net Profit Ratio 42

5.4.4 Inventory Turnover Ratio 43

5.4.5 Liquidity/ Acid Test/ Quick Ratio 44

5.4.6 Average Collection Period 45

6. LEARNING EXPERIENCE 46-47

BIBLIOGRAPHY 48
Organization Study Windoorstech LLP

CHAPTER-1
INTRODUCTION ABOUT THE INTERNSHIP
AND INDUSTRY PROFILE

1.1INTERNSHIP
An internship is an opportunity offered by an employer to potential employee called as
interns to work at a firm for a fixed, limited period of time. Interns are usually
undergraduates or students and most internships last for any length of time between one
week and twelve months. An internship consists of an exchange of services for
experience between the intern and the organization. Internship provides the college
students the ability to participate in a field of their choice to receive hands on learning
about a particular future career, preparing them for full time-work following
graduation.

The main aim of study is to conduct at WINDOORS TECH LLP at Bengaluru was to
have practical knowledge. This internship is the incentive to link the gap between
knowledge and its application through the series of intervention that will enable
students of MBA program to pick up experience and will help them to improve their
skills, talents and gain various experiences. It was 4 weeks duration working with
WINDOORS TECH LLP to know about their policies, vision mission, organization
structure, future growth and prospectus, an overview of all the departments in the
organization, SWOT analysis and way of working, culture of the organization, product
development or services provided

It is an advantage for students to work under superiors and to know their strategies,
duties and responsibilities towards working condition. It also helps to explore and
engage in the company and experience with insights.

Objectives of studyu
 To give familiarize with the business organization.
 To gain familiarize with the different departments in the organization and their
functioning.
 To understand how the key business processes are carried out in organizations.

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 Understand how information is used in organization for decision making at

various levels.
 To relate theory with practice.

Scope of the study

 To gain the working condition in the organization.
 To gain familiarize with the different departments in the organization
functioning.
 To understand how the key business processes are carried out in organization.

1.2 INDUSTRY PROFILE:-

Furniture Industry–An Overview

Introduction

Furniture market in India has been witnessing upswings in both officefurniture and
household furniture sale for the past few years. It has been estimated that the growth
rate of 15 per cent is being achieved every year in the office furniture market. India
presents a favorable outlook to sell furniture, with the total Indian furniture industry
being estimated at amount Rs.35,000crores. India has a middle class population of over
40 crores, whole purchasing power is on the upsurge. With the upper class and upper
middle class population also being put together, the furniture market should have to
present a rosy picture all along. Their life styles got changed thanks to the impact of
foreign culture after being exposed to the foreign media. The great access to modern
dwellings in foreign countries through mass media makes Indian consumers being
aware of latest models of household furniture and they have started expecting them to
be for displays, only to be bought later.

Pattern of India’s Furniture Industry

The furniture industry in India is considered as a “non-organized sector” as many units

with a few lakhs as capital started working in large cities and turns. The steel furniture,
with conventional models has steady demand all throughout the year. With big
companies like Windoors Tech concentrating on office furniture to a great extent, these
small units cater to the needs of middle class and lower middle class population.

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Windoorstech has a sale of less than 27 per cent of its turnover from home furniture. In
the words of the chief operating officer, Mr. Mohan Kumar BTWindoors Tech, “the
company is expecting a higher demand for office furniture thanks to booming of IT
industries”, while planning for setting up a manufacturing plant in Bengaluru.

Furniture Industry-an Outline

The Indian furniture market is estimated to be worth U.S. 7 billion dollars. With a
healthy economy and increased household and institutional spending, the market is
growing steadily. There are as many as 12,000 companies listed in the on line furniture
directory in India. The total production of furniture in 2017-18 was 3580 million U.S.
dollars. According to the data on index of industrial production, around 14 out of the 17
two digit industry groups have shown positive growth in 2018. However, wood
products: furniture and fixtures have shown a negative growth of 16.7 per cent, wood
and wood products, furniture and fixtures carry a weight of 27.01 per cent in the total
manufacturing sector. However, this category has shown a decline in recent some years.
According to a World Bank study, the original furniture industry is expected to grow by
20 per cent a year. It further emphases that India, Russia and Brazil will witness a
boom.

Distribution Pattern of Furniture

The range of indigenous furniture available in India includes both residential and
contract system furniture, with an increased concentration in office and kitchen
furniture. Furniture belongs to shopping goods which the consumer usually wish to
purchase only after carefully comparing quality, price, suitability and style in a number
of stores. The consumers want a variety of prices, qualities and styles from which to
select.

The furniture manufacturers in India generally use a three tiers selling and distribution
structure, comprising the distributor, wholesaler and retailer. This structure is prevalent
among the manufacturers of furniture in the organized sector. They need not have
numerous outlets for the sale of furniture and can adopt select outlets.

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In the unorganized sector, the manufacturers generally make direct sale to customers.
They set up their manufacturing units on a small scale and receive orders from local
customers. Their level of business is very small in size, as they do not employ
sophisticated machines for manufacturing furniture. As their customers, are mostly
price conscious, the quality of furniture item, does not in any way match the quality of
items offered by big companies. The small units at the most open a few retail outlets in
the nearby towns and supplies are made only on orders. They manufacture only
conventional items of wood and steel furniture.

Big companies (listed below) on the other hand have „established conventional three
tier distribution channel for marketing their items. These include Nilkamal Plastics
Ltd., Sunshine Products, BTM Plastic and others in plastic furniture (manufacturing
plastic moulded products like baby chair, center table, dining table, buckets, chair,
inverter to others etc.
Among the manufacturers of steel furniture, Rahul industries, Maximaa Systems Ltd.,
Karunafurnitures, Onkarfurnitures and others dominate the Indian market.

Furniture Industry’s Role is Economic Development

No one doubts the potential of the Indian market. The size of the Indian furniture retail
market is estimated at around Rs.30,000crores. As 85 per cent of furniture
manufacturers come under the unorganized sector, branded furniture has no big role to
play. However one cannot den the fact that there is mushroom growth of furniture
industry in India.

The organized sector caters to the needs of sophisticated customer in the IT field which
has blossomed leaps and bounds in the recent years thanks to the phenomenal growth in
number of many MNCs entering into Indian market. This has led to innovation in
furniture industry and today’s consumers especially those in big cities make the
relatively costlier furniture items as cheaper ones with the increased purchasing power.
This has made the growth of furniture industry a possible one, giving employment to
about 3 lakhs people in India.

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The consumers in the middle and lower middle classes prefer conventional furniture
items, leading to the growth of small scale units in a large number. Self employed youth
are found round the corner, making lesser investments in the manufacture of steel
furniture. The price sensitive lower middle class population finds itself in the safe bet
when steel cupboards, are available at one-fourth of the price of leading companies.
The furniture industry in the unorganized sector does not require the services of skilled
workers. Even persons with no formal education can carry out tinkering work (the main
job in steel furniture) with a little bit of training.

Except those employed in organized sector, many others who find placements in
unorganized furniture manufacturing units eke out their living by physical work. Apart
from those who are directly employed, there are lakhs of others who have indirectly
found employed in the manufacture of furniture fitness/ upholstery like hinges and
handles drawer slides and brackets, TV racks, leather care and repair products, folding
screens, ceramic vases, chair accessories, fabric materials, mattresses, moisture
absorbers, carpets, rugs, bathroom accessories and the like.

Furniture industry has tremendous export potential. With a large workforce, India can
dictate terms by offering stiff competition to countries like Malaysia and China, two big
furniture exporting countries in the world. The world home market is worth
Rs.20,000crores. During the past three years it grew by 20 per cent a year, an
encouraging sign indeed. By giving relevant training in the manufacture of modern
furniture, Indian workforce can enhance their skills and manufacture furniture of
proven quality to meet the tastes of foreign buyers.

Un-plasticized polyvinyl chloride “UPVC or Rigid PVC is often used in the building
industry as a low-maintenance material, particularly in Ireland, the United Kingdom,
and in the United States where it is known as vinyl, or vinyl siding. The material comes
in a range ofcolors and finishes, including a photo-effect wood finish, and is used as a
substitute for painted wood, mostly for window frames and sills when installing double
glazing in new buildings, or to replace older single glazed windows.

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Over the past two decades, UPVC has taken over other traditional materials for making
doors and windows in a significant way all over the globe. Presently, it is the preferred
material for door and window profiles due to its various features that improve quality of
life, i.e. energy efficiency, recyclability, low maintenance and light weight. Globally,
the segment was valued at USD 27.5 billion in 2015, and would reach USD 47 billion
by 2024.

The Indian window and door (all material) market was around INR 13,000 crore in year
2013-14 and the market share of UPVC windows and door profiles was about 6-7 per
cent. As per report by Ken Research, Indian window and door market is expected to
reach over INR 15,000 crore by FY-2020 in terms of the revenues and out of that, the
UPVC segment is expected to contribute at around 8-10 per cent approx. i.e. 1500
crore.

The Indian UPVC doors and windows market is expected to grow at a CAGR of 7.0%
during 2015-2020. The major drivers of the Indian UPVC doors and windows market
are increasing new housing construction and replacement activities, which have
contributed to the growth of this market. Another important factor that drives this
market is their tangible and intangible benefiting features, such as the UPVC doors and
windows are thermal, and water- and wind-resistant. They are corrosion-free. These
doors and windows are termite free, highly sound insulated, dustproof, highly durable,
and need no maintenance. They are energy efficient and could save energy up to 25%
to 30%.

On the basis of its comprehensive research, it is forecasted that the Indian UPVC doors
and windows market is expected to depict a high growth during 2015-2020. UPVC
windows market will remain the largest segment in terms of both value during the
forecast period. Increasing building construction activities is the major driving force of
the industry. Fenesta, LG Hausys, Welltech Systems are some of the players in the
Indian UPVC doors and windows market.

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1.3 SECTORS MAJOR PLAYERS:-

Fenesta is a part of the 125-year-old DCM

Shriram Group, and was launched in the year 2002.
The company has a pan-India presence that
encompasses more than 20 offices, 9 studios and
100+ dealers. Fenesta is headquartered in Gurgaon,
and has manufacturing plants in Bhiwadi, Hyderabad
and Chennai.

Profine India Window Technology

Pvt. Ltd., established in 2010, is 100% a
subsidiary of profineGmBH, a worldwide
manufacturer of uPVC window and door
profiles, with successful brands like
Koemmerling and Trocal. Profine India has
manufacturing unit at Vadodara, Gujrat.

Encraft India Pvt. Ltd is a flagship company

of the DCJ Group, which commenced operation in
196, extruding HDPE strips and ventured into PVC
pipes. In 2005, the group entered into UPVC
fenestration market in India, and I the year 2006,
teamed up with Halo Systems of UK and the brand
Encraft was born. Their products range boasts of a
wide variety of windows and doors.

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Veka India is a part of VEKA AG Germany;

the company has its remarkable presence in more than
40 countries. They are leaders in UPVC door and
window manufacturers, their products include UPVC
profiles for doors and windows. Veka is the largest
extruder of fenestration systems in the world. Veka has
its manufacturing units in more than 12 countries with
more than 2500 fabrication partners. They have their
headquarters in Mumbai and their scope of work
includes manufacturing and production to after sales
service.

Duroplastis the pioneer and manufacturer of

PVC profiles 1986. It diversified into manufacturing
UPVC profiles for windows and doors, for the first in
eastern India, at Kolkata. Duroplast have their own
design centers and in house facilities and the
company specializes in design, extrusion, fabrication,
installation and services, installation and services and
such as is a complete provider of UPVC windows
and windows.

Rehau Polymers Pvt. Ltd is a part of Rehau

Group, is a family owned polymer business,
founded in 1948 by Helmut Wagner in Rehau, with
its administrative headquarters in Switzerland. The
company also manufactures and sells door and
window systems and is considered an innovative,
market leader in supply of UPVC window and door
system.

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CHAPTER-2

COMPANY PROFILE

WindoorsTech, an organization that has built a strong reputation & holds the excellent
credibility & quality service. The group has emerged as a centre-of-excellence over an
entire spectrum of touch-points, across industries. We pride ourselves on being skilled
and experienced in all aspects of our services and this, combined with our extensive
knowledge which we have established as a major player in this industry.

WindoorsTech is a leading source of Aluminium or UPVC Windows & Doors. We are

marching ahead successfully, driven by the company's commitment to delivering
innovation and excellence. Through the consistent application of this commitment and
a decade of ethical business practices, we have earned an unparalleled reputation for
quality and reliability.

Sustainability at WindoorsTech is all about improving the health and well-being of

individuals through green solutions. We are committed to developing, promoting and
providing windows & Doors solutions through our aluminium& UPVC architectural
products for people across the country. We address this challenge with our Green
Products and focus on Green Innovation.

WindoorsTech aluminum window and door systems are an ideal combination of good
design and unique properties, unlike other window and door systems; it is designed to
give you the following advantages:

 The sections are designed as per the international standards and regional
requirements
 Various series designed and developed by acclaimed consultants Ÿ Use of
corner cleats ensures symmetry, structural strength and smooth opening of
windows
 Weather sealing and weep holes provide optimal resistance to water penetration
 Incorporates high structural and weather strength
 Self-drainage properties

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 Fine finish because of anodizing or powder coating, thus enables vast range of
color options, preventing corrosion
 High quality imported hardware and fittings, / Accories thus ensuring 0
compromise on safety and security of the occupants
 Various design options available vis-à-vis bay windows, arch shaped windows
 Fully equipped designing and drafting team backed by a strong technical team

2.1 BACK GROUND:-

The company located in Bengaluru employees over 50 people, WindoorsTech is one of

the trustworthy UPVC windows and doors company in Bengaluru and is moving walks.

Founded in 2014 in Bengaluru, India, by Mr. Mohan Kumar B T (Managing Director)

and Mr. P N Chandrashekar (Director) under partnership. The company is under private
limited and does not sell shares to public. After working in Schindler Company, Mr.
Mohan Kumar B T came up with the idea to start up with his own company.

The wonder of mobility solutions is in its comfort, safety & suitability. We at Comfort
Elevators & Escalators offer products & services that satisfactorily meet these
requirements enabling comfortable mobility for the users; giving creative freedom to
the architects on planning the suitability; ensuring safety with the usage of sophisticated
technology.

Corporate Information:-

Company Name Windoors Tech

Location Bengaluru

Phone Number +91-9448081345

Website [Link]

Class of Company Limited Liability Partnership

Year of Establishment 2014

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2.2 NATURE OF BUSINESS:-

Windoors Tech is a leading manufacturer and supplier in the residential and

commercial doors and windows system. They are the only manufacturers committed to
tailor- made traction windows and hydraulic doors having various varieties. The
companies name is termed as trademark of customization with quality assurance in the
arena of ventilation manufacturing, installing and maintenance. As a result they have
been certified by ISO 9001:200 Company. We provide lifetime paid maintenance and
warranty of their lifts and elevators.
Windoors Tech aims to lead market by assuring quality products. The company claims
to Use of Virgin Alloy, Optional Thermal Break System profiles, Sound insulation,
Weather resistance, Fire resistance, Impact resistance, Water Resistance, In-house glass
cutting and insulation zone, Customer Satisfaction, Technical collaboration, Efficient
Logistics
Windoors Tech aluminum window and door systems are an ideal combination of good
design and unique properties, unlike other window and door systems; it is designed to
give you the following
Advantages:-
 The sections are designed as per the international standards and regional
requirements.

 Various series designed and developed by acclaimed consultants.

 Use of corner cleats ensures symmetry, structural strength and smooth opening
of windows.

 Weather sealing and weep holes provide optimal resistance to water penetration.

 Incorporates high structural and weather strength.

 Self-drainage properties

 Fine finish because of anodizing or powder coating, thus enables vast range of
color options, preventing corrosion.

 High quality imported hardware and fittings, / Accories thus ensuring 0

compromises on safety and security of the occupants.
 Various design options available vis-à-vis bay windows, arch shaped windows
Ÿ Fully equipped designing and drafting team backed by a strong technical
team

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2.3 VISION, MISSION & QUALITY POLICY:-

VISION:-

To become the most trusted preferred brand, through excellence in everything we do,
and to contribute our generous efforts in conserving our environmental beauty.

MISSION:-

Grow together by involving each person of the team to provide architectural innovative
quality products and services, to achieve customer satisfaction through cost
effectiveness and best use of available resources, by adhering to our values, upgrading
system and enhancing productivity.

QUALITY POLICY:-

Windoors Tech has certain quality standards set up as follows:

 WindoorsTech has tremendous infrastructure to cater the needs of its clients

consistently 24X7

 Its projects emerging developments in green design concept, architecture,

sustainable and alternative building technologies

 Caters to the requirements of architects, designers, structural engineers,

builders, developers etc.

 Delivers modern building concepts which help them to improve the aesthetics,
durability and moreover functionality of their projects.

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WORKFLOW MODEL:-

2.4 PRODUCTS OF THE COMPANY:-

Our entire collection of aluminium new construction and replacement products

provides a breadth of options, allowing you to add a unique look to any project. With
the flexibility to select from single hung, single-slider, axed, architectural shapes, and
sliding glass doors, homeowners are able to customize their home to be uniquely theirs.
WindoorsTech offers a wide range of colors which enhance the appearance of the
aluminium by playing with surface and lighting effects: -

 The Exclusives: a Classic collection with seven traditional shades and the new
Downtown collection with eight exclusive colors
 The Basics: Selection, Standard and Wooden Decoration.

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THE PRODUCTS OF WINDOORS TECH ARE:-

1. Casement Windows

A casement is a window that is attached to

its frame by one or more hinges at the side. They
are used singly or in pairs within a common frame,
in which case they are hinged on the outside.
Casement windows are often held open using a
casement stay. Windows hinged at the top are
referred to as awning windows, and ones hinged at
the bottom are called hoppers.

2. Residential Doors:-

UPVC doors never rots, flakes, rusts, fades, pits, peels or corrodes.
It needs only a light soapy wash and a check of the seals for
maintenance. UPVC requires virtually no maintenance making it
very convenient and time-saving.

3. Bi-folding Doors:-

Bi-fold doors are doors that made from a

series of panels that fold up against the wall like a
concertina. A more attractive, sturdy and unique
alternative is a bi-fold door, which pulls open from
the center, giving a full view and full access to
what's behind the door in one swift motion.

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4. Sliding Doors:-

A sliding door or patio door, is a type of door in

architecture and construction, which is a large
glass window opening in a structure that
provide door access from a room to the
outdoors, fresh air, and copious natural light. A
sliding glass door is usually considered a single
unit consisting of two panel sections, one being
fixed and one a being mobile to slide open.

2.5OWNERSHIP:-

The ownership of Windoors Tech is being shared among Mr. Mohan Kumar B T, Mr.
Renukeshwar, Mr. Babu and Mr. Puttaswamy who possess rich experience in the field
of marketing and business.
The company is registered as Limited Liability Partnership (LLP). A limited liability
partnership (LLP) is a partnership in which some or all partners (depending on the
jurisdiction) have limited liabilities. In an LLP, each partner is not responsible or liable
for another

2.6ACHIEVEMENTS AND AWARDS:-

ISO 9001:2008 Certified:-

ISO 9001:2008 specifies requirements for a quality management system where an

organization needs to demonstrate its ability to consistently provide product that meets
customer and applicable statutory and regulatory requirements, and aims to enhance
customer satisfaction through the effective application of the system, including
processes for continual improvement of the system and the assurance of conformity to
customer and applicable statutory and regulatory requirements.

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All requirements of ISO 9001:2008 are generic and are intended to be applicable to all
organizations, regardless of type, size and product provided. Where any requirement(s)
of ISO 9001:2008 cannot be applied due to the nature of an organization and its
product, this can be considered for exclusion.

Where exclusions are made, claims of conformity to ISO 9001:2008 are not acceptable
unless these exclusions are limited to requirements within Clause 7, and such
exclusions do not affect the organization's ability, or responsibility, to provide product
that meets customer and applicable statutory and regulatory requirements.

2.7 COMPETITOR ANALYSIS:-

1) Cognus:-

Competitive business analysis is too crucial to ignore. While you're busy ignoring your
competitors, they might be munching away your market share. Competitor analysis
services in India can help you reveal your competition and let you know what they are
up to which in turn can help you understand your target market. Analyzing all
information about your competitors is as important as having core knowledge of your
own business. Hire our business competitor analysis services in India and create
effective strategy formulation by analyzing critical competition in the market.

2) Infegy:-

While this has created scores of new challenges that didn’t exist 10 years ago, it has
also opened many doors and provided us with opportunities that weren’t previously
available. One of these opportunities is the post-digital way we conduct competitive
[Link] the many new ways of researching and understanding our business rivals,
such as social media tools, we can now use data and technology to gain an edge on our
competition.

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3) Goble Industry Trends:-

Global “Exteriors Doors Market” an overview of the global market is provided with a
prime focus on factors boosting and hampering the market. This will help investors get
a clear understanding on which aspects to focus on and how to economically support
the market globally. The impact of the prevailing regulatory scenario on both regional
and worldwide Exteriors Doors market is provided in detail in the report.

2.8COMPETENCY MAPPING:-

Competency Mapping is a
process to identify key
competencies for an
organization and/or a job
and incorporating those
competencies throughout
the various processes (i.e.
job evaluation, training,
recruitment) of the
organization. A
competency is defined as a
behaviour (i.e.
communication,
leadership) rather than a
skill or [Link]
Mapping is not a new
concept, but in recent
years it has been in high demand and many organizations use competency models as a
basis for their performance management systems. Today, the organizations and
businesses have understood its importance for employee selection as a process.
Encompassing professional, personal and technical competencies, competency mapping
is highly flexible.

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HR Planning At Windoors Tech:-

Windoors Tech is a knowledge-driven organization and its greatest asset is the

experience and skill of its employees. Recognizing that the workforce will provide
critical competitive edge in its growth endeavor, Windoors Tech has laid major
emphasis on recruiting, maintaining and developing its human asset base. It offers a
wide range of career development programs including on the job training and job
rotation amongst others. A highly evolved Human Resource Policy has ensured a
minimal rate of attrition amongst executives. Windoors Tech’s welfare activities for
employees include Medical Care, Group Insurance etc.

Recruitment and selection:-

The various benefits of working at Windoors Tech are such as excellent career
opportunities, adequate exposure, several prospects of career growth, encouraging
working environment, job-related training, etc. At WindoorsTech , the employees are
altogether encouraged to maintain a healthy work-life balance. So, with all these
benefits, WindoorsTech is considered one of the best working places in India.

Training and Development

In this report I tried to give all the possible information about Windoors Tech training
and development, how they related with each other? How they relate with the company,
what are the possible factory which affect the whole process of training and
development. This report also includes various kinds of training program which the
company follows, and how those programs will good for the organization or
employees.
Training is considered as a positive step towards augmentation of the knowledge base
by the respondents. The objectives of the training programmes were broadly known to
the respondents prior to attending them. The training programmes were adequately
designed to cater to the developmental needs of the respondents. Some of the
respondents suggested that the time period of the training programmes were less and
thus need to be increased. Some of the respondents also suggested that use of latest

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training methods will enhance the effectiveness of the training [Link]

respondents believe that the training sessions could be made more exciting if the
sessions had been more interactive and in line with the current practices in the market.

Reward Management
The employees are rated according to their performance through which the rewards are
being allotted accordingly, wherein the reward of the employee is stated with the
performance, attitude, commitment shown to the work and also through meeting the
deadlines properly. Therefore the talent and the effort put up by the employee is being
recognized and appreciated.

Importance of Competency Mapping:-

 Increase employee’s self-awareness and aid in career management.

 Identify new leaders and support organizations in succession planning
 Helps in making promotion and internal mobility decisions more accurate
 Helps in performance management of employees, individual departments and
overall organization
 Provides scope for designing goal-directed training interventions
 Assist in job evaluation
 Develop a competent workforce by making recruitment and selection structured
and objective
 Provide gap analysis reports which helps in all the above listed HR processes

2.9 FUTURE GROWTH AND PROSPECTS:-

Comfort follows structure centric approach on delivering the services related to

mobility solutions. Not only the company has expert team who can plan in accordance
to the most suitable replacement for customer’s mobility equipment’s, there’s also
skilled workforce who can implement the systems to complete the perfection in facelift.
To thrive towards becoming a market leader supplying world-class products. Engaging
in Continual improvements, Training, Innovation and Technology up gradation will be
induced as the key to success.

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CHAPTER-3

MCKINSEY’S 7-S FRAME WORK

3.1 MCKINSEY’S 7-S FRAME WORK:-

The McKinsey 7S Framework is a management model developed by well-known

business consultants Robert H. Waterman, Jr. and Tom Peters in the 1980s. This was a
strategic vision for groups, to include businesses, business units, and teams. The 7 S’s
are:

 Structure: - Division of activities; integration and coordinationmechanisms.

 Strategy:-Purpose of the business and the way the organization seeks toenhance
its competitive advantage.

 Systems:-Formal procedures for measurement, reward and resourceallocation.

 Skills: - Formal procedures for measurement, reward and resourceallocation.

 Style: - Typical behavior patterns of key groups, such as managers, andother

professionals

 Staff :- Organization's human resources, demographic, educational

andattitudinal characteristics

 Shared values:-

The model is most often used as an organizational analysis tool to assess and
monitor changes in the internal situation of an organization. The model is based
on the theory that, for an organization to perform well, these seven elements
need to be aligned and mutually reinforcing. So, the model can be used to help
identify what needs to be realigned to improve performance, or to maintain
alignment during other types of change. Whatever the type of change –
restructuring, new processes, organizational merger, new systems, change of
leadership, and so on – the model can be used to understand how the
organizational elements are interrelated, and so ensure that the wider impact of
changes made in one area is taken into consideration.

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THE MAIN OBJECTIVES OF MCKINSEY 7S FRAMEWORK ARE:-

 Improve the performance of a company
 Examine the likely effects of future changes within a company
 Align departments and processes during a merger or acquisition
 Determine how best to implement a proposed strategy

MCKINSEY’S 7-S FRAMEWORK CHART:-

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STRATEGIES:-
Strategy is a high level plan to achieve one or more goals under condition of
uncertainty. Strategy is important because the resources available to achieve these goals
are usually limited. Strategy generally involves setting of goals, determining actions to
achieve the goals, and mobilizing resources to execute the actions. Strategy can be
intended or can emerge as a pattern of activity as the organization adapts to its
environment or competes.
Windoors Tech Pvt. Ltd strategizes its business by providing differentiated product
andalso efficient after sales services to achieve customer satisfaction. Windoors Tech
Pvt. Ltd areknown for its low noise products that provide ease in transferring people
from one place to another. Also the company has retained faith and good reputation in
the mouth of its customers for their timely and efficient after sales services.

STRUCTURE:-

Management

Mohan kumar B T Babu Kenukeshwar Puttaswamy

(Chairman& M.D) (Director) (Director) (Director)

Technical Sales & Accounts& 3D Design

Operation Marketing Finance Design

Komal Sudheendra
(GM Installation Hegde Archana Jayesh Dixit Puri
& Service) (Marketing ) (Accounts Head) (Architect) (Desiga Head)

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An organizational structure defines how activities such as task allocation, coordination

and supervision are directed toward the achievement of organizational aims.
Organizational structure can also be considered as the viewing glass or perspective
through which individuals see their organization and its environment. An organization
can be structured in many different ways, depending on its objectives.

The structure of an organization will determine the modes in which it operates and
performs. Organizational structure affects organizational actions in two ways:


It provides the foundation on which standard operating procedures and routines
rest.

It determines which individual get to participate in which decision making
processes, and thus to what extent their views shape the organization’s actions.

At Windoors Tech Pvt. Ltd power is decentralized as the active partner Mr. Mohan
Kumar B T, takes all the major decisions regarding the cash flow whereas, the
remaining decisions are taken by particular team heads.

Board of Directors:-
A Board of Directors is a recognized group of people who jointly oversee the activities
of an organization, which can be either for a profit business, non-profit organization or
a government agency. Typical duties of directors include:


Governing the organization by establishing broad policies and setting out
strategic objectives.

Selecting, appointing, supporting and reviewing the performance of the chief
executive

Ensuring the availability of adequate financial resources

Approving annual budgets and setting salaries, compensation and benefits of
senior management.

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At Windoors Tech Pvt. Ltd the board constitutes of its four partners namely:
Mohan Kumar B T: Director

Renukeshwar: Director.

Babu: Director.

Puttaswamy: Director.

Technical Operation:-
The technical team will be a multidisciplinary team that includes experts in all
of the core values. The technical team will be comprised of experts in the core values
relevant to the project goals. These may include, but are not limited to, technical staff
such as planners, engineers, maintenance personnel, emergency providers and
environmental specialist. The roles and responsibilities of technical team include:
 Problem solving which leads to meet customer demands
 Should not over compensate management

At Windoors Tech Pvt. Ltd the technical team is led by Miss. Komal, General
Manager for Installation and services section. Miss. Komal is assisted by Mr. Yashas N
G, the companies Logistics Executive. At Windoors the technical department is
responsible for all the innovations, research and development.
Windoors has made name in the market for its technical advancements by installing
lifts with less sound. Also after installation services are appreciated by customers.
Sales and Marketing:-
A marketing department promotes your business and drives sales of its
products and services. It provides the necessary research to identify companies target
customers and other audiences. Depending upon the company’s hierarchical formation,
a marketing director, manager or vice president might be at the helm .in some business,
a vice president of sales and marketing oversees both the marketing and sales
departments with a strong manager leading each department. It’s important to keep a
strong marketing department intact regardless of the economy so company remains
visible and keeps sales strong.

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Windoors Tech Pvt. Ltd, Sales and Marketing department is headed by Mr.
SudheendraHegde. With a young team the marketing of the company’s products are
carried out by keeping the company’s strength as key factor for market penetration. The
marketing team differentiates their products through their low noise products and also
easy and quick services fetching the company high sales.

Accounts and Finance:-

Accounts and Finance department is the part of the organization that manages
money. The business function of finance department typically include planning,
organizing, auditing accounting and controlling its company’s finance. The finance
department also usually produces the company’s financial statements. The ability for
subordinate staff to veto suggested management decisions or to propose action based on
their superior expertise in a particular area. Many accounting professionals working for
the finance department of a business will be granted the functional authority to veto
management decisions and initiate action according to their best judgment.
Miss Archana, Accounts head is held responsible for all the accounting details.
At Windoors Tech Pvt. Ltd is very important to have accountability for every
transaction so as to maintain transparency in cash flow to avoid risk and fraud.

3D Designs:-
3D computer graphics or three- dimensional computer graphics, are graphics that use a
three-dimensional representation of geometric data that is stored in the computer for the
purpose of performing calculations and rendering 2D Images. A 3D modeling software
is an essential tool if you are working in the architecture sector. It’s a good way to
obtain better visualization of your projects for your clients. However, 3D modeling
software doesn’t eliminate the pen and paper method. But it can lead to really detailed
and realistic results. As a matter of fact, it’s best solution to save time and to modify
your model as and when required.
The architectural department of Windoors Tech Pvt. Ltd is led by Mr. Jayesh.
AutoCAD software is used by the team to give the customers a clear and realistic view
of the entire project helping the team also to work with accuracy.

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Designs:-
Innovation can be defined simply as a "new idea, device or method". However,
innovation is often also viewed as the application of better solutions that meet new
requirements, unarticulated needs, or existing market needs. Such innovation takes
place through the provision of more-effective products, processes, services,
technologies, or business models that are made available to markets, governments and
society. The term "innovation" can be defined as something original and more effective
and, as a consequence, new, that "breaks into" the market or society. Innovation is
related to, but not the same as, invention, as innovation is more apt to involve the
practical implementation of an invention to make a meaningful impact in the market or
society, and not all innovations require an invention.
At Windoors Tech, the design team led by Mr. Dixit Puri is responsible for all the
innovations done to rule the market with product differentiation. Windoors Tech has
been complimented for its unique designs and products by its customers.

SYSTEM:-

Systems are formal and informal procedures that govern everyday activity, covering
everything from management information systems, through to the point of contact with
the customer. Finance department is doing enough to properly plan and control the
funds.
There is regular program [Link] Company has a proper and adequate system
of controls in order to ensure that all assets are safe guarded against loss from
unauthorized use or disposal. All transactions are properly checked, verified, recorded
and reported correctly. Regular Internal Audit checks are carried out to ensure that the
responsibilities are executed effectively and that proper and adequate systems are in
place.
Corporate governance contains a set of principles, process and systems to be followed
by Directors, Management and all employees of the company for increasing the
shareholders’ value, keeping in view interest of the other stakeholders.

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While adhering to the above, Windoors Tech Pvt. Ltd is committed to integrity,
accountability, transparency and compliance with laws in all dealings with the
Government, Customers, Suppliers, and Employees.
SKILL:-

It consists of the capabilities and competencies that exist within the company. It is the
talent, craft or accomplishment, naturally acquired or developed through training and
abilities appropriate for a specific job. The employees need to have both specific as
well generic skills. Generic skills mean problem solving skills, decision-making skills,
communication etc. Specific skill like time management, shop floor management,
building teams, leadership and motivation, creativity, advances safety and environment,
industrial safety and environment, training there employees to enhance their knowledge
and skill.

At Windoors Tech Pvt. Ltd, training is a continuous process to make their employees to
meet the new challenges and
No. of workers Skills required
HIGHLY SKILLED 10 Administrative Skills
SEMI SKILLED 14 Technical Skills
UNSKILLED 32 Repetitive Tasks
Table: Segregation of workforce on basis of skill

STYLE:-

Style speaks about the method of leadership adopted within the organization. Choosing
top-bottom means giving the roles at the top of your organization significantly more
control over key decisions than those lower in the hierarchy. Choosing bottom-top
means having little to no centralized control so that those doing the work are free to
organize, make decisions, and perform as they best see fit. Both methods have their
own justifications.

The extremists in the top-bottom method believe that an autocratic, hierarchical style of
command, control and decision-making is necessary for an organization to be

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successful and fulfill its purpose. Whereas, the extremists in the bottom-top method
believe just the opposite, that most forms of hierarchy are unnecessary and inefficient.
Their view is that a top-bottom hierarchy separates authority from those actually doing
the work.

At Windoors Tech Pvt. Ltd they follow the “top-bottom” method of power flow where
the Board of Directors makes the major decisions. This statement can be made as all the
major decisions like declaring holidays, setting up the work hours’, deciding the
uniform and shoes to be worn at work place and also taking employee safety measures
is done by the Managing Director himself.

STAFF:-

Obviously, it is the people inside a business who are the ones who execute the strategy.
The World Bank believes that 80% of the wealth of the world now resides in
intellectual capital. Human Resource is truly the lifeblood of any organization. For this
reason hiring best available talent has become one of the most crucial task in every
organization.

The process by which the employees are recruited, deployed and developed is called
human resource management. Staff means the company has hired able people, trained
them well and assigned them the right jobs. Selection, training, motivation, and
assignment of right jobs are the issues faced within an organization

The numbers of staff working in the company are:

Direct workers : 48 employees

Indirect workers : Nil

Supervisors : 3 employees

Managers : 5 employees

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SHARED VALUES:-

Windoors Tech systems are harnessed with advanced technology, considering Comfort
& Durability as priority. We always receive appreciation for our Aesthetic Designs,
nevertheless we are known for our products with Smooth movements, Cost
Effectiveness, Low Maintenance and Durability.

We have a highly Qualified and Talented team of Motivated Engineers, Technicians,

Designers and Technocrats. Through Learning & Development initiatives we keep our
team updated on the latest Technology Developments in the field of vertical
transportation.
We have grown to be a worthwhile Solution Provider to your Doors and Windows
needs by endorsing Highest International Quality & Safety Standards.

3.2 PORTER’S FIVE FORCE MODEL:-

Porter's Five Forces is a business analysis model that helps to explain why different
industries are able to sustain different levels of profitability. The model was originally
published in Michael Porter's book, "Competitive Strategy: Techniques for Analyzing
Industries and Competitors" in 1980. The model is widely used to analyze the industry
structure of a company as well as its corporate strategy. Porter identified five
undeniable forces that play a part in shaping every market and industry in the world.
The forces are frequently used to measure competition intensity, attractiveness and
profitability of an industry or market.

These forces are:

 Industry rivalry

 Threats of new entrants

 Bargaining power of suppliers

 Bargaining power of customers

 Threats of substitute products.

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Porter’s Five Force Model

Industry Rivals:-

The importance of this force is the number of competitors and their ability to threaten a
company. The larger the number of competitors, along with the number of equivalent
products and services they offer, the lesser the power of a company. Suppliers and
buyers seek out a company's competition if they are unable to receive a suitable deal.
When competitive rivalry is low, a company has greater power to do what it wants to
do to achieve higher sales and profits.
The companies like unique glass tech and Eureka Pvt. Ltd are the toughtest competitors
to Windoors Tech. There exists neck to neck competition with respect to price and
features offered by the three companies.

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Bargaining Power Of Suppliers:-

This force addresses how easily suppliers can drive up the price of goods and services.
It is affected by the number of suppliers of key aspects of a good or service, how
unique these aspects are, and how much it would cost a company to switch from one
supplier to another. The fewer the number of suppliers, and the more a company
depends upon a supplier, the more power a supplier holds.
As Windoors Tech gets their raw material from multiple suppliers they do not entertain
bargaining power of the suppliers. However, the fluctuating price of raw materials is
the difficulty to deal with.

Bargaining Power Of Buyers:-

This specifically deals with the ability customers have to drive prices down. It is
affected by how many buyers or customers a company has, how significant each
customer is, and how much it would cost a customer to switch from one company to
another. The smaller and more powerful a client base, the more power it [Link]
exist more than 50 UPVC doors and windows companies in Bengaluru market. Hence,
customers would demand for more features at lower price. It is of great difficulty for
the company to convince its customers with respect to price bargain.

Threats of New Entrants:-

A company's power is also affected by the force of new entrants into its market. The
less time and money it costs for a competitor to enter a company's market and be an
effective competitor, the more a company's position may be significantly weakened. An
industry with strong barriers to entry is an attractive feature for companies that would
prefer to operate in a space with fewer [Link] the current growing phase, there
are several startups coming up every day. And each of new company comes with new
strategy to attain market penetration. These new strategies could take over Windoors
Tech hence the management needs to be cautious about the new entrants in the
industry.

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Threats of Substitute:-

Competitor substitutes that can be used in place of a company's products or services

pose a threat. For example, if customers rely on a company to provide a tool or service
that can be substituted with another tool or service or by performing the task manually,
and if this substitution is fairly easy and of low cost, a company's power can be
[Link] substitutes for Windoors Tech UPVC based products are the authentic
royal wooden doors and windows. Even today many buildings in India have wooden
doors and windows due to their royal look and also due to the followed practice.

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CHAPTER-4

SWOT ANALYSIS

SWOT ANALYSIS OF COMFORT ELEVATOERS AND ESCALATORS

STRENGTH WEAKNESS

 Professional Executive  Lesser product range

 Product differentiation  Small market size

OPPORTUNITY THREAT

 Growing market  Fast growing technology

 Architectural development  Well established competitors

 Strong R&D to innovate  Fluctuating price of

Raw Material

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4.1 STRENGTH:-

Strengths are internal attributes and resources that support a successful outcome. The
strengths of Windoors Tech LLP are:

 Professional Executive: Mr. Mohan Kumar B T has high work experience in

thefield of elevators and Mr. Babu are well experienced in marketing and sales.
Hence their experiences is added advantage for company to rule the market.
 Product Differentiation: Windoors Techis known for it’seco-friendly
anddurable and long lasting products. This becomes a major strength of the
company as the doors and windows used by Windoors tech are

4.2 WEAKNESS:-

Weaknesses are internal attributes that work against a successful outcome. The
weaknesses of Windoors Tech LLP are:

 Lesser Product Range: With growing scope of UPVC doors and windows,
thereand only four products in Windoors Tech with lesser range. This puts the
company a step behind from its competitors.
 Small Market Size: Windoors Tech operates only in Bengaluru market where
asits competitors prevail in national and global market. This is one of the major
weakness to company’s success.
 New to the Market: Windoors Tech is a company that was established in
theyear, hence it takes time for the company to acquire sound market shares.

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4.3 OPPORTUNITY:-

Opportunities are external factors that the entity can capitalize on or use to its
advantage.
The opportunities for Windoors Tech LLP are:

 Growing Market: Bengaluru being fast growing city, the demand

formodernization in upcoming buildings has increased. This raises the
opportunities for the company.
 Architectural Development: As the importance of infrastructure has
increasedover time, every building including residential, commercial, hospitals
and malls a will be looking forward for low maintenance UPVC products.
 Strong R&D to innovate: Having a strong R&D department, Windoors Tech
cancome up with new variety of products attracting the customers and reap the
first mover advantage in the market.

4.4 THREAT:-

Threats are the external factors that could jeopardize the entity’s success. The threats
for Windoors Tech LLP are:

 Fast Growing Technology: In the present era, today’s technology gets

outdatedthe next moment. Hence there lies a huge responsibility on the
company to be updated with the growing technology.
 Well Established Competitors: Windoors Tech has competitors who are
intoglobal market.
 Fluctuating Price of Raw Material: The fluctuating price of raw material
makesit difficult for Windoors Tech as they cannot change the price of their
product frequently.

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CHAPTER 5
FINANCIAL STATEMENT

5.1 ANALYSIS OF FINANCIAL STATEMENT:-

It is a means of converting the mass of data into useful information. Analysis is largely
a study of the relationships among the various financial factors in a business as
disclosed by the financial statement.
5.2 PROFIT AND LOSS A/C:

Particulars Note 31 March 2017 31 March 2018

I. Revenue from operations (gross) 12 1,60,53,349 1,66,54,996
Less’s excise duty - -
Revenue from operations (net) 1,60,53,349 1,66,54,996
II. Other income 13 32,294 48,362
III. Total revenue (I + II) 1,60,85,643 1,67,03,358
IV. Expenses
Cost of materials consumed 14 1,31,37,699 1,23,46,900
Changes in inventories of finished
goods, 15 (2,33,173) 2,30,014
WIP and stock-in-trade
Employees benefit expenses 16 27,25,910 32,98,621
Depreciation and ammortization
expense 6 1,00,509 74,446
Other expenses 17 6,90,808 13,93,283
Total expenses 1,64,21,754 1,73,43,263
V. Profit/(loss) before
exceptional and (3,36,111) (6,39,905)
extraordinary items and
tax(III-IV)
VI. Exceptional items - -
VII. Profit/(loss) before (3,36,111) (6,39,905)
extraordinary items and tax
(V-IV)
VIII. Extraordinary items - -
IX. Profit/(loss) before tax(VII- (3,36,111) (6,39,905)

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VIII)
X. Tax expense’s
Current tax expense - -

Less:MAT credit entitlement - 12,632

Net current tax expense - 12.632
Duffered tax 19-C (15,814) (8,578)
Total tax expense (15,814) 4054
Profit/(loss) from
XI. continuing (3,20,297) (6,43,959)
operation(IX-X)
XII. Dis continuing operations
Profit/(loss) from disconyinuing - -
operation(before tax)
Add/less: tax expense of
discontinuing - -
operatio
ns
Profit/(loss) from discontinuing
operations - -
Profit/(loss) for the year (XI+XII) (3,20,297) (6,43,959)
Earnings per equity share(face value
of
Rs10/share)
Basic (6.41) (12.88)
Diluted (6.41) (12.88)

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5.3 BALANCE SHEET A/C:-

Particulars Note 31 March 2017 31 March 2018

Equity and Liabilities
Shareholder’s funds
Share capital 2 5,00,000 5,00,000
Reserves and Surplus 3 (15,51,834) (21,95,793)
(10,51,834) (16,95,793)
Current liabilities
Short-term borrowings 4 65,000 30,000
Trade payables 5 45,35,684 49,02,348
Other current liabilities 5 1,04,13,161 1,42,46,110
1,50,13,845 1,91,78,457

Total 1,39,63,010 1,74,82,665

Assets
Non-current assets
Property, plant and equipments
i. Tangible assets 6 67,141 24,136
ii. Intangible assets 6 5,690 249
72,831 24,385
Long-term loans and advances 7 10,000 10,000
Dufferedtax assets (net) 19-C 19,358 27,936
29,358 37,936
Current assets
Inventories 8 1,09,03,078 1,33,27,445
Trade recievables 9 8,60,989 24,74,036
Cash and cash equivalents 10 6,13,766 5,79,520
Short-term loans and advances 7 14,40389 10,11,609
Other current assets 11 41,600 27,733
1,38,59,821 1,74,30,344

Total 1,39,62,010 1,74,82,665

Significant accounting policies 1

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5.4RATIO ANALYSIS:-

Ratio analysis is a powerful and most commonly used tool of analysis and
interpretationas financial statements. It concentrates on the inter-relationship among the
figures appearing in the financial statements. Ratio analysis helps to analysis the past
performance of the company and to make future projections. It allows various
interested parties, like management, shareholders, potential investors, creditors,
government and other analysts to make an evaluation of the various aspects of
company’s performance from their own point of view and interest.

Ratio analysis is the process of determining and interpreting numerical relationships

based on financial statements. A ratio is a statistical yard stick that provides a measure
of the relationship between variables and figures.

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5.4.1 CURRENT RATIO:-

The Current Ratio is an index of the concern’s financial stability, since, it shows the
extent to which the current assets exceed its current liabilities. A higher current ratio
would indicate inadequate employment of funds, while a poor current ratio is a danger
signal to the management. The ratio is an indicator of the firm’s commitment to meet
its short-term liabilities.
Current Ratio = Current Assets

Current Liabilities
Years Current Assets Current Liabilities Ratio
(in Rupees) (in Rupees)
2017-18 1,74,30,344 1,91,78,457 0.909
2016-17 1,38,59,821 1,50,13,845 0.923
Table No.1: Calculation of Current Ratio

Current Ratio
0.925

0.92

0.915
Ratio
0.91

0.905

0.9
2017-18 2016-17

Figure No.1: Current Ratio

Interpretation: From the data and chart shown above we can see that the company
inunable to meet its short term liabilities. The current assets value should be twice of
the current liabilities to meet obligation. The company should generate more funds to
meet its current liabilities.

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5.4.2 GROSS PROFIT RATIO (GPR):-

Gross Profit Ratio indicates the overall limit within which a business must manage its
operating expenses. It also helps in ascertaining whether the average percentage of
make-up on the goods is maintained. This ratio expresses the relationship gross
profit and net sales.

GPR = Gross Profit x 100

Net Sales

Years Gross Profit Net Sales Ratio

(in Rupees) (in Rupees) (Percentage)
2017-18 40,78,082 1,66,54,996 24.49
2016-17 34,76,435 1,60,53,349 21.56
Table No.2: Calculation of Gross Profit Ratio

GrossProfitRatio

25

24.5

24

23.5

23

22.5 Ratio

22

21.5

21

20.5

20
2016-17 2015-16

Figure No.2: Gross Profit Ratio

Interpretation: From the data and chart shown above we can say that the gross profit
ratio is 24.29% for the financial year 2016-17. A consistent improvement in gross
profit ratio over the past year is indicating continuous improvement.

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5.4.3 NET PROFIT RATIO (NPR):-

This ratio helps in determining the efficiency in which the affairs of the business are
being managed. Constant increase in the above ratio year after year is a definite
indication of improving the condition of the business. The ratio indicates net margin
earned on sales of 100
NPR = Net Profit x 100

Net Sales

Years Net Profit Net Sales Ratio

(in Rupees) (in Rupees) (Percentage)
2017-18 (6,39,905) 1,66,54,996 -
2016-17 (3,36,111) 1,60,53,349 -
Table No.3: Calculation of Gross Profit Ratio

Interpretation: As the company is having negative value for net profit we can
conclude that the company is incurring loss. Hence the net profit ratio cannot be
calculated. As the company is incurring loss we cannot calculate operating ratio either.

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5.4.4INVENTORY TURNOVER RATIO:-

The inventory turnover ratio is an efficiency ratio that shows how effectively inventory
is managed by comparing cost of goods sold with average inventory for a period. This
ratio is important because total turnover depends on two main components of
performance. The ratio depends on both stock purchasing and sales.
Inventory Turnover = Net Sales

Aug Inventory

Years Net Sales Net Fixed Assets Ratio

(in Rupees) (in Rupees) (times)
2017-18 1,66,54,996 1,14,93,972.5 1.45
Table No.4: Calculation of Inventory Turnover Ratio

Inventory Turnover Ratio

1.6

1.4

1.2

0.8 Ratio

0.6

0.4

0.2

2017-18

Figure No.3: Gross Profit Ratio

Interpretation: from the chart above we can see that the inventory turnover ratio is
above 1. This is a good indication to the company. It implies that there is more sales
that the inventories which is a positive sign.

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5.4.5LIQUIDITY / ACID TEST / QUICK RATIO:-

The ratio is an indicator of short-term solvency of the company. A comparisons of the

current ratio to quick ratio should also indicate the inventory hold-ups. For instance, if
two units have the same current ratio but different liquidity ratio, it indicates over-
tocking by the concern having low liquidity ratio as compared to the firm which has
higher liquidity ratio.

Quick Ratio = Quick Assets

Quick Liabilities

Years Quick Assets Quick Liabilities Ratio

(in Rupees) (in Rupees) (Times)
2017-18 40,92,889 1,92,78,457 0.212
2016-17 29,56,743 1,50,13,845 0.197
Table No.5: Calculation of Quick Ratio

Quick Ratio

0.215

0.21

0.205

0.2
Ratio

0.195

0.19

0.185 2017-18 2016-17

Figure No.4: Quick Ratio

Interpretation: This ratio shows how well the business is performing in the market.
As the ratio is below 1, we can say that the company is relaying much on the
inventories and other assets. However a small increase in the quick ratio indicates a
slight improvement.

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5.4.6 AVERAGE COLLECTION PERIOD:-

The average collection period is the average number of days required to collect
invoiced amount from customers. The measures is used to determine the effectiveness
of a company’s credit granting policies and collection efforts.

Avg. Collection Period = Debtors x 365

Credit Sales

Years Debtors Credit Sales Ratio

(in Rupees) (in Rupees) (Days)
2017-18 24,74,036 1,66,54,996 54
2016-17 8,60,989 1,60,53,349 19
Table No.6: Calculation of Average Collection Period

Average Collection Period

60

50

40

30 Days

20

10

0 2017-18 2016-17

Figure No.5: Average Collection Period

Interpretation: From the above chart we can interpret that the average collection Period
has increased almost by 3 times compared to previous year. An increase in average
collection period could be due to looser credit policy, worsening of economy or reduced
collection efforts.

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CHAPTER 6
LEARNING EXPERIENCE

FORMAL PERMISSION FROM THE ORGANIZATION

It took around a week to decide on an organization which supports me to carry on

“organization study”. I was fortunate to get permission from one of the esteemed
organization Windoors Tech, Bengaluru.
At Windoors Tech, the Managing Director, Mr. Mohan Kumar B T himself guided me
throughout the course of project as I explained the fields that I had to gain knowledge
about. As I initially briefed him about the project that I had to do, my guide was happy
and permitted me to carry out the study.

WORKING EXPERIENCE IN THE ORGANIZATION:-

Windoors Tech being an UPVC based company had both administrative as well as
technical sector. The company gave me a bag full of experiences about the corporate. In
addition to working, I had opportunity to interact with people at different levels of the
organization. Working at Windoors Tech was an added advantage as I got to learn
ethics and functioning of a systematic organization. I experienced how time was one of
the key factor followed by the company as the staff of the company from lower level to
the top management would have reported by 9am. It was very easy for me to get along
with the employees as a friendly environment prevailed in the organization. There was
a healthy relationship among the employees giving positivity to work in Windoors
Tech.

Internship at this company gave me practical knowledge. Also I improved my

communication. As a part of my internship I got overview of departments like technical
operation, sales and marketing, accounts, and designing. Also I had opportunity to go
on their sites and see how everything worked. Visiting sites also meant interaction with
customers. The employees of Windoors Tech thought me that “customer satisfaction is
the ultimate goal”. Finally I would like to sincerely thank everyone in the organization
once again for extending their support and training me to complete this program. I
believe that such experiences and skills are value addition to my future career.

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CO-OPERATION EXTENDED BY MANAGEMENT AND EMPLOYEES

The management and the employees at Windoors Tech LLP were very co-operative
and guiding. They provided each and every detail required for the project as and when
asked. The members in each of the department helped me gain knowledge about
everything by explaining their departments functioning in detail. They also explained
me how all the theoretical concepts learnt in the course of MBA is implemented in
practical being within an organization.

INSIGHTS FROM INTERNSHIP PROGRAMME

The internship programmehelped me to know the overall functioning of the

organization. I also got information of the employee training, benefits and duties that
would be useful in my future days. I also learnt dealing with different with having
different mind-set.

Internship at Windoors Tech also thought me the importance team work and co-
ordination. Since every week I had to inform my guide about what I learnt I also learnt
to prepare reports. I would conclude saying that, Internship gave me practical exposure
to the functionality of the organization.

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BIBLIOGRAPHY

BOOKS
 Windoors Tech LLP (Annual Report 2017-18)

 Human Resource Management- Rao V.S.P, Excel Books 2010

 Financial Management- Prasanna Chandra, 8/e, TMH, 2011

 Business Research Methods- Prof. S N Murthi& Prof. U Bhojanna

WEBSITES

 [Link]

 [Link]

 [Link]

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