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Impact of Recession on Export of Indian Textile Industry
Under the Guidance of :- Presented By :-Mr. Gautam Bansal Lovedeep Singh SidhuFaculty Member, MBA 2BPCTE , Ludhiana
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INDIAN TEXTILE INDUSTRY
Textile is one of India’s oldest industry.
It is the second largest employment generator .
The industry uses a wide variety of fibres .
India contributes to around 12 percent of the world's production of cotton yarn and textiles
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India covers 22 percent of the global market
India is known to be the third largest manufacturer of cotton across the globe .
India claims to be the second largest manufacturer of yarn and textiles in the world
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CLASSIC WEARS PVT. LTD.
Classic Wear Ltd. was established in the year 1987 in Noida
Classis wears was introduced as a manufacturer of Hosiery and knitwear on January 19, 1988.
Presently Classic Wears is a leading manufacturer of Knitwear for gents, ladies and kids in Northern India
Classic Wears Pvt. Ltd is mainly the flat knit division of the group having a monthly production capacity of 1,50,000 pcs.
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It is working for retailers like Pantaloon, Shoppers Stop, Lifestyle, and Pyramid.
Business philosophy
i.e. ‘TO GROW’
Quality policy is :
“TO MEET THE COMMON PEOPLE NEEDS”
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MISSION To give our customer a competitive advantage through superior products and services at best prices
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Strengths Established brand Name ‘Sportking’.
Most experienced
technical manpowerOne of the
oldest known fabric
manufacturers
WeaknessesDo not have enough retail
outletsLess advertisement of the
brand
OpportunitiesBetter utilization can be
made with new machinesCan go directly to the end users through exclusive
showrooms
Threatscompetition from existing
and upcoming
units in the industry
Fluctuations in the prices
of raw materials
SWOT Analysis.
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Chairman(Sh. Raj Avasthi)
Director(Sh. S. R. Rupal)
Director(Sh. Naresh Jain)
Director(Smt. Parveen Avasthi)
Knitting Head(Uttam Chand)
Production Head(Shekhar Kumar)
Manager Commercial(Bhisham Verma)
Packing & Forwarding(Dinesh Bhalla)
H R Dept.Time Office
Security(O P Sharma)
Accounts & EDP(Mr. Subash & Mr. Rajeev Jain)Store Dispatch
(Munish Kumar & Joga Singh)
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Current ratio: The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. It compares a firm's current assets to its current liabilities.
Particulars 2005-06 2006-07 2007-08
total current assets 121758860.6 162816243.2 225315071.9
Current Liabilities 42307975.99 63181759.48 102306548.8
Curent Ratio 2.877917408 2.576950128 2.202352387
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Quick ratio :- An indicator of a company’s short term liquidity. The quick ratio measures a company’ ability to meet its short term obligations with its most liquid assets. The higher the quick ratio, the better the position of the companyThe quick ratio is calculated as
particulars 2005-06 2006-07 2007-08
total quick assets 72798255.82 108338595.6 132665360.7
Current Liabilities 42307975.99 63181759.48 102306548.8
total quick assets 72798255.82 108338595.6 132665360.7
Quick ratio 1.720674509 1.714713178 1.296743584
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Cash ratio:- The ratio of a company's total cash and cash equivalents to its current liabilities. The cash ratio is most commonly used as a measure of company liquidity. It can therefore determine if, and how quickly, the company can repay its short-term debt.
particulars 2005-06 2006-07 2007-08
cash & bank 2423918.37 4756425.17 14590577.15
Current Liabilities 42307975.99 63181759.48 102306548.8
acid test ratio 0.057292232 0.075281619 0.142616258
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Debt-to-Equity ratio indicates the relationship between the external equities or outsiders funds and the internal equities or shareholders funds. It is also known as external internal equity ratio. It is determined to ascertain soundness of the long term financial policies of the company.
Particulars 2005-06 2006-07 2007-08
outsiders fund 48081483.64 95108044.52 122551415.2
Shareholder fund 77264900 67935265.29 87675610.73
Debt equity ratio 0.622293999 1.399980468 1.397782282
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EXPORT DATA FROM DEPARTMENT OF EXPORT GOVERNMENT OF INDIA
Textiles Exports from 2006-07 to April 2008 (Value - Rs.Crores)
Item 2006-07 2007-08
Cotton Yarn, Fabrics & Madeups 19089.39 18720.59
Natural Silk Yarn, Fabrics &
Madeups
1976.9 1540.93
Wool Yarn, Fabrics & Madeups 385.5 373.58
Ready Made Garments 37506.16 36497.79
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Cotton Balance Sheet from 2001-02 to 2008-09
2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
Export
(lack balls)
0.50 0.84 12.11 9.14 47.00 58.00 85.00 50.00
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EXPORT OF JUTE GOODS (rs crore)
YEAR 2004-05 2005-06 2006-07 2007-08 2008-09
EXPORT 160.71 362.33 321.94 334.81 291.99
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export 0
50
100
150
200
250
300
350
400
160.71
362.33
321.94
2004-052005-062006-07
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SILK EXPORTS
Item 2006-07 2007-08
Rs Crore Rs Crore
Natural Silk Yarn,
Fabrics & Made-up
1976.90 1540.93
Readymade Garments 1197.21 1093.67
Silk Carpet 132.36 72.11
Silk Waste 22.78 12.15
Total 3329.25 2718.86
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Research Methodology
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Title
Impact of Recession on Export of Indian Textile Industry
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Objectives
To examine the export performance of textile industry after recession
To find how government maintains the economic stability at the time of recession.
To study the repercussion of recession on employment and price of raw material .
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Research Methodology
UNIVERSE - All the exporters who deal in textile export
POPULATION - All the respondents of Ludhiana city who
export textile .
SAMPLE SIZE - The sample size for the survey conducted is 18 respondents.
SAMPLING TECHNIQUE - Convenience Sampling was used
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PRIMARY DATA
METHOD OF PRIMARY DATA COLLECTION
The method followed in obtaining the primary data was
through the structured questionnaire.
SECONDARY DATA
METHOD OF SECONDARY DATA COLLECTION:
Internet
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Limitation Of The Study
Sample size cannot always represent the whole population.
Respondents can hide the real information. Time constraint.
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DATA ANALYSIS AND INTERPRETATION
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4.1 Products Exported
52%
13%
9%
4%
22%Cotton
Wool
Silk
Jute
Others
N = 18
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4.2 Major Territory for Export
31%
15%
12%
31%
12%
AmericaEnglandJapanCanadaOthers
N = 18
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4.3 Affect of Recession on Export Business
Strongly Agree Agree Neutral Disagree Strongly Disagree
0
1
2
3
4
5
6
7
8
2
7
4
3
2
Recession's Affect
NN =18
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4.4 Decrease in sale of goods
Strongly Agree Agree Neutral Disagree Strongly Disagree
0
1
2
3
4
5
6
7
3
6
4
3
2
Sales Decreased
N = 16
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4.5 Respondents verdict on change in export
44%
56%
PositiveNegative
N = 16
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4.6.1 Percentage(Positive) change in export
29%
29%
43%102030>30
N = 7
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4.6.2 Percentage (Negative) change in export
22%
44%
33%
102030>30
N = 9
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4.7 Labor Turnover
41%
59%
IncreaseDecreaseNo Impact
N = 17
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4.8 Recession’s effect on price of raw material
47%
53%
YesNo
N = 17
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4.9 Recession’s effect on status of export order
13%
33%
7%
47%DelayDecreaseIncreaseNo Impact
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4.10 Government policies against recession
25%
42%
33%
Somehow Yes No
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5. RESULT AND FINDING
Cotton is the most exported product.
America is major territory for export .
Domestic market is as much strong as compare to international
market
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CONCLUSIONThe report shows that there has been a neutral
effect of recession on exports especially in Ludhiana region. The quantified results showed that 42% of the people agree that there has been a positive attitude of govt. authorities while formulating measures to check the effects of recession.
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There has been an effect of recession on the labor turnover. This has been made concrete as a fact after gathering the collective responses of people and getting 59% in favor of this. Although there has been a closure of innumerable units of textile export units in the region but the post recession measures have helped in standing against this global menace
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