Documente Academic
Documente Profesional
Documente Cultură
ON
MARKET PERCEPTION OF ACC GOLD IN BILASPUR DISTRICT
SUBMITTED BY
PIYUSH SHARMA
DM14B23
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DECLARATION
I, Piyush Sharma hereby declare that this project report is the record of authentic work carried
out by me during the period from 15 th Dec 2014 to 15th Jan 2015 and has not been submitted
earlier to any university or institute for the award of any degree/diploma, etc.
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CERTIFICATION
This is to certify that Mr. Piyush Sharma has completed WIP under my guidance.
Date of submission:
Signature
(Internal Guide)
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ACKNOWLEDGEMENT
This project has been an honest and dedicated attempt to make the analysis of marketing material
as authentic as it could. And I earnestly hope that it provides useful and workable information
and knowledge to any person reading it.
During this period, I had the pleasure of working closely with accomplished organization people
who shared with me their experience and helped me in completion of my research.
I express my sincere thanks to my project guides and my institute faculty for guiding me.
Lastly I am thankful to my parents who have been my mentors and motivators. I am also
thankful to all my batch mates who have been directly or indirectly involved in successful
completion of this project.
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Table of Contents
Executive Summary........................................................................................................ 6
PROJECT SUMMARY................................................................................................ 6
BACKGROUND...................................................................................................... 6
COMPANY PROFILE.................................................................................................... 7
INTRODUCTION TO ACC LIMITED...........................................................................7
Heritage - A Corporate Saga....................................................................................... 9
Awards & Accolades..................................................................................................... 13
MILESTONES............................................................................................................ 14
Nationwide NETWORK................................................................................................ 20
RESEARCH METHODOLOGY..................................................................................... 21
OBJECTIVES.......................................................................................................... 21
RESEARCH DESIGN............................................................................................ 21
INTRODUCTION TO ACC GOLD.................................................................................29
NEED FOR ACC GOLD.............................................................................................. 29
ACC GOLD SPECIFICATIONS............................................................................... 29
Finding and Analysis..................................................................................................... 32
Reasons for selling of ACC GOLD..............................................................................35
Competition in the market....................................................................................... 35
Suggestions for the company........................................................................................... 37
Conclusion.................................................................................................................. 38
BIBLIOGRAPHY........................................................................................................ 39
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Executive Summary
PROJECT SUMMARY
This project is about Market perception of ACC GOLD in Bilaspur district, Himachal
Pradesh. This project is conducted to find out the perception of ACC GOLD in Bilaspur district
BACKGROUND
In 2014 dealers of ACC Limited are facing various problems related to sale of ACC
GOLD. To find out potential reason, this research is done. Also to find out what dealers,
customers, influencers and competitors perceive about ACC GOLD.
Preparation of Questionnaire: First of all I prepared a sample questionnaire and then I met
some of dealers and customers of ACC GOLD in Bilaspur District. On the basis of
responses of dealers and customers about questions asked I finalised questionnaire
keeping Area of Study in focus.
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Filling of the questionnaire by asking various questions from Dealers: I visited dealers
with proper questionnaire, asked them questions and filled up the questionnaire. The data
for questionnaire is collected from one districts i.e. Bilaspur. It took about two weeks to
collect all the questionnaires from dealers.
Summarizing the data: After collection of Questionnaire data is summarised and tabled.
On the basis of that charts are plotted.
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COMPANY PROFILE
INTRODUCTION TO ACC LIMITED
ACC (ACC Limited) is India's foremost manufacturer of cement and concrete.
ACC's operations are spread throughout the country with 16 modern cement factories, more than
40 Ready mix concrete plants, 20 sales offices, and several zonal offices. It has a workforce of
about 10,000 persons and a countrywide distribution network of over 9,000 dealers.
Since inception in 1936, the company has been a trendsetter and important benchmark for the
cement industry in many areas of cement and concrete technology. ACC has a unique track
record of innovative research, product development and specialized consultancy services. The
company's various manufacturing units are backed by a central technology support services
centre - the only one of its kind in the Indian cement industry.
ACC has rich experience in mining, being the largest user of limestone. As the largest
cement producer in India, it is one of the biggest customers of the domestic coal industry, of
Indian Railways, and a considerable user of the countrys road transport network services for
inward and outward movement of materials and products.
Among the first companies in India to include commitment to environmental protection as one of
its corporate objectives, the company installed sophisticated pollution control equipment as far
back as 1966, long before pollution control laws came into existence. Today each of its cement
plants has state-of-the art pollution control equipment and devices.
ACC plants, mines and townships visibly demonstrate successful endeavors in quarry
rehabilitation, water management techniques and greening activities. The company actively
promotes the use of alternative fuels and raw materials and offers total solutions for waste
management including testing, suggestions for reuse, recycling and co-processing.
ACC has taken purposeful steps in knowledge building. We run two institutes that offer
professional technical courses for engineering graduates and diploma holders which are relevant
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to manufacturing sectors such as cement. The main beneficiaries are youth from remote and
backward areas of the country.
ACC has made significant contributions to the nation building process by way of quality
products, services and sharing expertise. Its commitment to sustainable development, its high
ethical standards in business dealings and its on-going efforts in community welfare programs
have won it acclaim as a responsible corporate citizen. ACCs brand name is synonymous with
cement and enjoys a high level of equity in the Indian market. It is the only cement company that
figures in the list of Consumer Super Brands of India.
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off
shared objectives. The use of the plural in ACC's original name, The Associated Cement
Companies Limited, itself indicated the company's origins from a merger. Many years later, some
stockbrokers in the country's leading stock exchanges continued to refer to this company simply
as 'The Merger'.
time held 13.8 per cent of the total equity shares in ACC. Holcim simultaneously announced its
bid to make an open offer to ACC shareholders, through Holdcem Cement Pvt Limited and
ACIL, to acquire a majority shareholding in ACC. An open offer was made by Holdcem Cement
Pvt. Limited along with Ambuja Cements India Ltd. (ACIL), following which the shareholding
of ACIL increased to 34.69 per cent of the Equity share capital of ACC. Consequently, ACIL
filed declarations indicating their shareholding and declaring itself as a Promoter of ACC.
Holcim is the world leader in cement as well as being large suppliers of concrete, aggregates and
certain construction-related services. Holcim is also a respected name in information technology
and research and development. The group has its headquarters in Switzerland with worldwide
operations spread across more than 70 countries. Considering the formidable global presence of
Holcim and its excellent reputation, the Board of ACC welcomed this new association.
chosen as the winning entry. Work on its construction began in 1939 and was completed during
the War period. The building was occupied by the Royal Air Force and vacated only in 1946.
In 2009, a unique project, has transformed Cement House into an energy efficient environmentfriendly building. Its attractive refurbished faade now houses an ultramodern office equipped
with space-saving modular workstations, access control and intelligent lighting with motion and
light sensors, waste management systems and water saving devices set amid greenery and a
central atrium that further expands the sense of light and space.
ACC Vision:
To be one of the most respected companies in India; recognized for challenging
conventions and delivering on our promises
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Drona Trophy - By Indian Bureau Of Mines for extra ordinary efforts in protection of
Environment and mineral conservation in the large mechanized mines sector.
FIMI National Award - for valuable contribution in Mining activities from the
Federation of Indian Mineral Industry under the Ministry of Coal.
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MILESTONES
1936
1936
1937
With the transfer of the 10th company to ACC, viz. Dewarkhand Cement Company,
the formation of ACC is complete on October 23, 1937.
1944
1947
1952
1956
1957
1957
Katni Refractories
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1961
Blast furnace slag from TISCO used at the Chaibasa Unit to manufacture Portland
Slag Cement for the first time in India.
1961
Manufacture of Accocid Cement, which resists the corrosive action of acids and
chemicals.
1961
1961
1962
1965
1965
1965
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1968
1968
1971
1973
1977
ACC receives ASSOCHAM first national award for the year 1976 instituted for
outstanding performance in promoting rural and agricultural development
activities.
1978
Introduction of the energy efficient precalcinator technology for the first time in
India. Full scale commercial production based on MFC technology at Wadi in
1979.
1979
ACC wins international contract for operation and management of a new one
million tonne cement plant at Yanbu-Ras Biridi in Saudi Arabia.
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1982
1984
1987
ACC develops a new binder for use at sub-zero temperatures, which is successfully
used in the Indian expedition to Antarctica.
1992
1993
1995
1998
Commissioning of the 0.6 MTPA cement grinding unit at Tikaria, Uttar Pradesh.
2000
Tata Group sells their remaining stake in ACC to the GACL group, who with
14.45% now emerge as the single largest shareholder of ACC.
2001
Commissioning of the new plant of 2.6 MTPA capacity at Wadi, Karnataka plant,
the largest in the country, and among the largest sized kilns in the world.
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2002
2003
2004
2004
ACC raises US $ 100 million abroad through Foreign Currency Convertible Bonds
(FCCBs) for US$ 60 million and Global Depository Shares (GDSs) for US $ 40
million. Both offerings are listed on the London Stock Exchange.
2004
2004
GreenTech Safety Gold and Silver Awards awarded to Madukkarai Cement Works
and Katni Refractory Works by Greentech Foundation for outstanding performance
in Safety Management System.
2005
ACC receives the CFBP Jamnalal Bajaj Uchit Vyavahar Puraskar Certificate of
Merit 2004 from Council For Fair Business Practices.
2005
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2005
2006
2006
Change of name to ACC Limited with effect from September 1, 2006 from The
Associated Cement Companies Limited.
2006
New corporate brand identity and logo adopted from October 15, 2006
2007
ACC partners with Christian Medical College for treatment of HIV/AIDS in Tamil
Nadu
2007
Sumant Moolgaokar Technical Institute completes 50 years and reopens with new
curriculum
2007
2008
2008
ACC wins CNBC-TV18 India Business Leader Award in the category India
Corporate Citizen of the year 2008
2008
Project Orchid launched to transform our Corporate Office, Cement House into a
green building.
2009
ACC received the Jamanalal Bajaj "Uchit Vyavahar Puraskar" of Council for Fair
Business Practices
2009
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2009
2010
2010
ACC acquires 100 percent of the financial equity of Encore Cements & Additives
Private Limited which is a slag grinding plant in Vishakhapatnam in coastal Andhra
Pradesh. This company became a wholly-owned subsidiary of ACC in January
2010.
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Nationwide NETWORK
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RESEARCH METHODOLOGY
OBJECTIVES
RESEARCH DESIGN
1. Universe of the Study:
The universe of the study comprise of Dealers, customers, influencers and
competitors of ACC GOLD in Bilaspur district (H.P.).
2. Sample Size:
For the purpose of the study, samples are selected randomly from Bilaspur District
only.
The following table summarized the sample size in terms of numbers of surveyed Dealers,
customers, influencers and competitors in Bilaspur district
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2. Secondary Data:
I have also collected the secondary data by means of the documentary sources such as:
Company records
Registers files booklets
Magazine
Journals
Company Website
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To find out the data I have prepared different questionnaire for different market group.
For the dealers of ACC and other dealers of competitors companies I have used one
questionnaire and for customer and influencers of ACC GOLD, I have use another
questionnaire.
This is the questionnaire for dealers which I have used in research.
QUESTIONNAIRE
1. Name:______________________
2. Address:______________________
3. Phone Number / E-mail ID____________________________
4. Experience in dealership:
(a) 1-3 years
2. Ambuja Cement
3. JP Cement
4.
Ultra Tech
(b) Quality
(b) Good
(c) Satisfactory
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(d) Margin
(e)
(b) Good
(c) Satisfactory
(d)
11. What do you think about Promotion Activities given by ACC GOLD?
(a) Very Good
(d) Poor
(b) Good
(c) Satisfactory
(b) High
(c) Average
13. What type of promotional activity do you prefer with ACC GOLD?
(a) Discount
(d) Offers
(b) Gift
(c) Prize
(b) No
(b) No
If Yes, specify___________________________________________
16. What are the factors that you expect from ACC GOLD?
(a) Promotional Schemes
(b) Margin
(c) Service
(b) No
(b) Satisfied
(c) Moderate
(d) Dissatisfied
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(b) Satisfied
(c) Moderate
(d) Dissatisfied
(b) Good
(c) Satisfactory
(d) Poor
21. Which of the following media advertising are considered to be more effective?
(a) Print media
advertisement
(c) Radio
2. No
3.
5 years ago
4.
10 years ago
15 years ago
ACC
2. Ambuja Cement
3. JP Cement
4.
Ultra Tech
2. No
Quality
Availability
Price
Service
Strength
Brand name
Others
No
No
Advertisement
Dealers
Architect
Mason
Other customers
Q14 Is the influencer provided you complete knowledge about ACC GOLD?
Yes
No
Availability
Strength
Price
Service
Brand name
Others
2) Durable
4) Not durable
2) Affordable
4) Not affordable
2) Very good
3) Good
4) Fair
The major problem of the survey was that most of the respondents being very loyal to
ACC didnt give exact answers. Like they didnt talk much about what problems they are
facing
Once I got the questionnaire filled, I need to restart the conversation in a much
generalized way and talk about the problems they are facing. Also most of dealers were
not available at their shops. So to complete the survey within 2 weeks of time seems to be
a bit difficult
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Few dealers refused to answer some question at all. So the actual figures can be
somewhat different from the one that we have found out
Also none of competitor dealers given me the positive response. Their only answer were
I dont deal with ACC and dont use ACC and I dont have any idea about ACC.
Also the study is applicable for short term only because problems of dealers used to vary
with time depending upon the policy of the company and other issues
Also within a restricted time of 3 weeks I cannot cover many respondent. So the sample
size for the study is limited to 100.
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Building materials have considerably shorter life span when subjected to moisture over a
prolonged period of time.
Water, which penetrates in concrete, can have immediate and long-term effects on the
building in the form of damage to building contents and even structural failure if the
problem is not dealt quickly and successfully.
Damp Resistant
Water Repellent
Pre-Homogenized Mix
Better Durability
Eco - Friendly
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Lesser Permeability
Corrosion Resistant
Pre-Homogenized Mix
ACC Gold comes as a pre-homogenized mix eliminating any possibility of over dosage, under dosage,
missed dosage & spillages as in case of other chemical solutions.
Enhanced Strength
ACC Gold does not use fatty acids, which has shown drop in strength over a period of time as in case of
other chemical solutions.
Breathable
ACC Gold does not cut air supply to the concrete, which eventually nourishes microorganisms and
weakens structure as in case of other post-treatment solutions.
Damp Resistant
ACC Gold reduces capillary action in pores thereby making it damp resistant.
Reduced Permeability
ACC Gold restricts rate of flow of water through its pores hence reduces water leakages.
Better Durability
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Water transports salts & acids, nourishes microorganisms, transports stains resulting in loss of durability.
ACC Gold absorbs much less water by capillary action and results in better durability.
Water Repellent
ACC Gold has better water repellent quality as it absorbs much less water by capillary action.
UV Attack
ACC Gold reflects UV radiations keeping the concrete safe. UV attack hampers bonds in other organic
sealants but not in ACC Gold.
Corrosion Resistant
ACC Gold absorbs much less water by capillary action and acts as a corrosion resistant solution.
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Better Workability
ACC Gold improves workability by producing adequate controlled sized air with proper spacing, which
aids in even material dispersal and placement.
Efflorescence
ACC Gold reduces salt efflorescence as it restricts water transportation through concrete pores.
STORAGE
ACC Gold has improved shelf life by providing integral hydrophobicity protecting the cement from
humidity. Ease of storage as compared to other chemical solutions, which have a restricted shelf life in
unopened containers.
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Q ua l ity o f AC C G O LD
Very high
high
average
Low
high; 20%
P R IC E o f AC C G O LD
Very high
high
average
Low
high; 20%
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We can see largest percentage people which is 45 said that the price of ACC GOLD is average.
This group of people have used this product and they are satisfied with quality also, but those
who have not used this product yet said it is very high.
And the another question is specifically for Dealers of ACC
4. Have you heard about ACC GOLD
This question is basically asked from customers to know the awareness of ACC GOLD in
the market. Out of 40 customers 17 didnt heard about ACC GOLD. And this group of
basically from rural area.
Awareness
Here we can see 43% of people still not aware with ACC GOLD. Even though product
is in the from last year.
5. What factors you expect from ACC GOLD?
This question is basically from dealers of ACC GOLD to know the expectations of the
dealers. I have given 4 options i.e. Promotional Schemes, Margins, Service and credit
facilities. So different dealers have different perceptions regarding this question.
8 dealers from rural area expecting the credit facility because in maximum cases they
have to sell their product on credit basis because ACC GOLD is new in the market and
people dont want to take risk, thats why they buy the product on credit.
13 dealers are looking for margins, because competitors are selling their product on same
prices, but they are giving 15-20 Rs. more margin than ACC.
9 dealers are looking for promotional schemes. As competitors are providing gifts, Tshirts, diary, and organise camps of awareness.
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Expectations
(ii)Brand Value- ACC is one of the best cement company and its premium too so the brand value
and trust is other reason that customer really connect with their own home and them.
Reasons for CompetitionPricing- The price range of ACC GOLD is the highest among all the competitors and it is one of
the most typical drawback for the company according to the dealers because Bilaspur Market is not
that kind of high level market that will give maximum to the Brands.
Brand Awareness- Most of the people are aware from ACC but somehow they are not aware in
this particular segment. Companies like AMBUJA are more focused towards increasing brand
awareness among dealers, masons, and builders to increase the business.
Reasons for the Non-performing of the Product
Less awareness among the customers of the companyThe main cause of the product non-performing can be the less awareness in the market.
Most of the people dont know about it, clearly shows some gap between company and the
customers whether its dealer or end consumer.
Less PromotionIn this type of market the end consumer is not the decision maker every time. Maximum of
the time he is convinced by the Masons or dealers. But if company does not promote the
product between those influencers its hard sometimes to get total attention among whole
the market.
Pricing-
In the market like Bilaspur where the market is mainly middle class it may happen that
people dont go for such high prices at company offering the product.
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Based upon these kind of causes dealers suggested some points for the company those may be
taken by company to overcome the threats and increase the flow of the product in the market.
Increase Brand Awareness For getting maximum customers to our business we have to
increase brand awareness among them. In this case company have to aware more and more
customers whether they are the dealers, end consumers or Influencers. Because in this
business role of influencer is also very much important.
Better Promotional Activities- It includes such campaigns in company can know about
the positives and negatives in their products. Also a meeting can be held before the launch
of the product with Distributers and Main influencers to promote the product.
Rivalry Pricing Strategy- Company should go for some mouth-watering pricing at the
launch of the product to get attention from the whole market. And the price mix of the
products should be designed considering the non-branded manufacturers.
Unique Pricing- Company should have unique price in all districts. As there is huge
difference in price of ACC GOLD in Una and Bilaspur District.
Dealer Sub-chain- Company should have a policy under which a dealer can create their
sub-chain only in that particular district. This type of policy can stop problems like back
loading.
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Conclusion
ACC limited one of the largest producers of cement in India. Company recently launched
product like ACC GOLD and ACC PLUS which have no competition in the market. And ACC
GOLD is doing very well in the market. According to dealers customers are giving positive
responses regarding product. So we can say If the company grows on the same path where its
now we can see some major international acquisitions by it also. Its share price is increasing and
the company is enjoying the healthy state.
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BIBLIOGRAPHY
(i)
www.acclimited.com
(ii) www.indbankonline.com
(iii) Annual magazine of the company
(iv) www.ibef.com
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