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 CHAPTER 1
INDUSTRY PROFILE AND
COMPANY PROFILE

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 INDUSTRY PROFILE
PLYWOOD INDUSTRY
Plywood is highly versatile designed product. The plywood industry has more than 75 years old
in India. It was started on small scale. In 1906-07 plywood was imported to India for first time
costing of Rs.31 lacks. In 1924-25 it was valued at Rs.90 lacks .in 1923 two plywood factories
were started in Assam the development of those factories were slow and not phenomenal. This
was the pioneer and courage showed by them for growth of plywood industry.

After the second world war manufacturing of tea chest (it was understood that plywood industry
in the particular mode of tea chest manufacture) started on big scale for this central forest
department started thinking to find suitable timber for manufacturing tea chest. As they
conducted research it was start that Indian plywood made of timbers were high-quality than the
imported timber.

Modernized ply wood factories were started in different states in India, which are in sitapur,
Bangalore, Balipatnam, Dandeli, and Coochhehar.post world war make some factories for
setback these industries restarted to import of tea chest ,government imposed a tariff on import as
on the government banned on imports where they thought of encouraged the Indian factories to
modernize their plants.

In 1947-48 the factories were started diversify its product to flush doors, profitable plywood,
black boards, attractive plywood marine and aircraft plywood, produced in Indian factories. The
government where it covered the plywood industries under industries act of 1951 foe
establishment of wood based industry they have to obtain a license which is including ministry
of environment and forest.

The wood industry was most of all are medium or large from 1988.it was compulsory that wood
based industries have to be licensed whether it’s a small or medium or large scale. They also
licensed foe expansion or new business.

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In 1970, small scale sector were started with the investment of 7.5 lacks with well equipped plant
and machineries with registration in state directors of industries, in 1997 the government
reported that 2000 small scale units are coming up. The potentiality of the industries based on
many uses of plywood.

Plywood industry was sunrise industry in 1990s and now it is a companies with growing market
.plywood is made from wood veneers making economically viable as well as eco friendly which
is reduced the use of wood by 90% it is the economic driver regarding providing employment for
skilled as well as unskilled people and artisans.

Now a days every place it may industrial office, houses are using plywood fixtures this may lead
to expansion of showrooms, factories where they also designing different products in plywood.

Ken research in its journal on “India plywood market position to raise households and increasing
commercial space to shape future growth” provides a study of plywood market in India. This
research statement covers market size of plywood; it was segmented on the basis of organized
and unorganized sectors. The industry is undergoing a transformation from unorganized to
organized market; ply wood industry is consolidated market by the presence of market leaders
such as century ply and green ply. The industry has potential to grow as demand for housing is
increased. According to the study statement the plywood market will develop at a significant
CAGR (Compounded Annual Growth Rate) USD 479.7 billion by 2019.

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The major products in demand of plywood can be stated below,
 Shuttering plywood
 Packaging plywood
 Black boards
 Commercial plywood
 Decorative plywood
 Chair seats
 Laminated picking sticks for cotton and jute industry
 Sliced decorative veneers of walnut, teak, rosewood etc
 Compregnated wood veneers required for chemical industry.

Top 10 plywood industries in India

1. Century ply boards

A well spread company with wide distribution network through dealers. Century ply
boards makes it to the top list of plywood manufactures in India. Company have
network in the past 30 years 2. Kit ply industries Brand of this company is a house
hold name because of their innovation advertisement promos, kit ply have more than
10500 employees and have high quality conscious ply board business.

2. Green ply industries

It is well managed 1500 crore turnover company have 30% market share in the MDF
and have 45 branches.

3. National plywood industries

It is another company with a high reputation in the industry. It is a large exporter
of its laminate and it is a pioneer for innovation.

4. National plywood industries

It is another company with a high reputation in the industry. It is a large exporter
of its laminate and it is a pioneer for innovation.

5. Sarda plywood industries

It is a right process oriented unit. It offers a broad range of decorative and head
quarters in Kolkata.

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6. Mayur plywood

It is a marketing of ply lam, its brand is a famous player in western india it have
excellent brand spectrum range of products.

7.Bonsal sales corporation

It is a reputed company offering a good quality and range of ply wood products has
strong experience in retailing.

8. Asian plywood industries

It is Delhi based plywood and it is an upcoming company with diversified range of

products.

9. Krishna plywood

Krishna plywood in the business of flushed doors business. Company is located in

Tamilnadu.

10. Euro woods and timbers

This company is belonging to Stratton group and concerned with plywood products, it
is Chennai based company operating all over India.

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Competitors of Pyramid Timber Associates Pvt. Ltd.
1. Century ply boards
it was founded in1986, it is a subsidiary of cen ply (Singapore). In 1997 became the first
who introduced bores proof plywood in India. plywood, carminaty veneers, block
boards, century face veneers, floors. They have innovation in their product design.

2. Green ply industries

Green ply is India’s biggest interior infrastructure company which is listed in NSE and
BSE. It has a turnover of Rs.2044 crore in 2012-2013. Products of green ply are fiber
boards, veneers, flooring, and company has 45 branches across India it was established in
1996.

3. Archid ply
company has constantly expanding and updating product range to stay in the market.
Company has its units in Assam, Rudrapur, Chintamani, and its corporate office in
Bangalore. Company has its 30 successful years. Its products are plywood, block boards,
flush doors laminated boards decorative laminates, decorative veneers.

Customers of Pyramid Timber Associates Pvt. Ltd.

1. Prestige groups
2. Brigade group
3. Builders
4. Infosys
5. Colleges
6. Hotels and
7. Companies

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Government Regulations:
The company follows the compulsory measures and rules and regulations that are set by the
government, are;

 Pyramid Timber Associates follows

 They have made it compulsory for the workers to wear glows, mask, shoes, uniform,
Helmets.
 According to the government rules the company pays timely EPF, ESIC, Bonus etc.
 They provide the minimum wages, minimum OT to the workers that is set by the
governments
 Working hours for the employee is 8 hrs per day and not more than.
 Most of the machines that are use by the company are CNC machines (Computer
Numeric Control)
 The company is equipped with sensors in various parts of the company, which alarms
at the time of dangers and glitch.
 The company has provided a launch hall, proper and clean drinking water facility-
they have their own RO plant for water purifying.
 They have a very good infrastructure facility; they have provided spacious work
place.
 They also concentrate and provide proper employee satisfaction and employee
welfare.

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 COMPANY PROFILE
PYRAMID TIMBER ASSOCIATES PRIVATE LIMITED
Objectives:
 Quality control is the main motive of the company. The motive of the company is to
provide the best quality products to the customers and ensure customer satisfaction.
 They provide the customized products based on the customers expectation and
preferences.
 The quality is maintained in each and every step of the procedure till it is delivered
and fixed.

Vision:
Pyramid timber associates will be the benchmark for wood based industry in delivering quality,
reliability, value and environment, management through sustainable growth.

Mission and Values:

 Integrity and ethics
 Customer satisfaction
 Work culture
 Innovation
 Safety, and healthy environment
 Employee satisfaction
 Social commitment

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 PYRAMID TIMBER ASSOCIATES PRIVATE LIMITED
Pyramid Timber ,About 100 years ago Mullah Abdul Hussain Sultanjee, hailing from Sidhpur,
Gujarat, established a trading firm dealing in industrial hardware, machine tools and mill spares
etc., at Chennai. After his demise his three sons Messer, Taherally, Salehbai, and Saifuddinbhai
joined the business and extended the same by opening further business trading organizations in
Coimbatore, Bangalore, and Hyderabad. Known for their business ethics and prudence in
trading, these firms were known as vagh group of firms. During 1936, the trading activity was
further extended by entering into tea manufacturing activity and in 1962 the same was extended
to include manufacturing tea-chest panels, plywood and wood panels product, wood working
machineries and material handling equipments and thereafter quality wood furniture and
furnishing materials by setting up several factories including pyramid timber Associates Pvt Ltd.,
in Mysore District of Karnataka.

The Mother factory of Pyramid Timber Associates Pvt. Ltd. is HunsurPlywood.

The MD of Pyramid Timber Associates Pvt. Ltd. is Mr. Mohammadi.T.Vagh.

The CEO of Pyramid Timber Associates Pvt. Ltd is Mr. Ali AsgarVagh.

The COO of Pyramid Timber Associates Pvt. Ltd. is Mr. Hussain.M.Vagh.

The Sister concerns of the company are:-

 Mass furniture
 Decorative laminates (India) Pvt. Ltd.
 Ferro founders
 Ply mould

1. Mass Furniture produces furniture

2. Decorative laminates(India) Pvt. Ltd. Provides Interior designs
3. Ferro founders provides Scissors lifting &
4. Ply mould produces Chair moulds & furniture

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 PYRAMID TIMBER ASSOCIATES
Pyramid Timber Associates Pvt. Ltd. has its expertise in Timber Manufacturing.

Located in the beautiful lush green surrounds of Mysore in the southern State of Karnataka is
Pyramid Timber Associates Private Ltd. Established In the year 1987.

Pyramid Timber is engaged in the manufacture of veneers, panel doors, door and window
frames, window shutters, kitchen cabinet shutters, wood floorings, moldings, finger jointed
boards, composite door shutters and frames.It procures the timber logs from countries such as,
South Africa and Srilanka, which is shipped to Chennai. It also procures wood logs from
different part of India as well.

It is Equipped with the state-of-the-art machineries that include the advanced veneer slicing and
splicing plant, a team of dedicated and technically skilled workforce and a strong brand presence
enables Pyramid Timber to dominate the market.

It exports the products to the countries such as Canada, France, Russia, Srilanka etc

Pyramid Timber has grown over the last decades, initiating of innovation, using advanced
technology connected with old-work craftsmanship which results in an matchless source for
good products and the ability to foresee and supply to the changing market requirements and
trends. Where they are manufacturing 150 doors per day with polishing with seasoning woods
and all finishing without finishing they would not dispatch any products.

Pyramid Timber ranks amongst India’s top direct importers of round logs from china, Africa,
Europe and South-East.

Pyramid timbers have quality policy certification of ISO 9001:2000.Company have its
operations in France, Iraq in international level. Company’s project will be in process for more
than 2years. In India the projects are processing in Hyderabad, Chennai, Bangalore, and Kerala.
Company mainly deals in Bangalore and Mysore. Pyramid timbers clients are brigade groups,
Infosys, prestige constructions.

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Types of timber that are used by the company
 Teak wood
 Honge wood
 Pine wood
 Bevu wood
 Mango wood

Bevu and Mango wood are used to produce the Veneers.

Type of Products produced by the company

 Veneers
 Doors and Window frames
 Panel doors
 Composite door shutters & frames
 Finger joined Boards
 Exotic table tops
 Window shutters
 Kitchen cabinet Shutters & floorings

Awards and achievement:

Pyramid timber is first Income tax payer at correct time in Mysore and they also awarded
in 2016 for the completion of projects within given period.

Future Growth:
 Company is taking more orders from local people.
 They are expecting orders from other countries.
 They are planning for expansion throughout India.
 PTA have management group named group Aryan they have plan to expand
management group and providing management services.
 They are planning to start online marketing.
 They are constructing Wood House. They invented it in 2019.
 Innovation 2019: The company has newly Invented The Wood House. Which is being
built with their wood and workforce and is being showcased inside the company campus?

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Forestry

They follow the selective logging method in the forestry to select the logs for the production
from the forest. Selective logging is a method in which trees that meet the certain criteria, such
as trunk greater than a given diameter, are the only trees removed from the forest.

Wood logs

The term log is used to describe the logistics of moving wood from the stump to the lumber yard.
Logging is the cutting, skidding, on-site processing, and loading the logs onto trucks. It is the
beginning of a supply chain that provides raw material for the production.

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 Saw Mill

Sawmill is a facility where logs are cut into lumber. In this company the logs are either cut into
straight long pieces or they are cut according to the need for veneer production machines.

Finger joint

A finger joint is a wood working joint made by cutting a set of complementary rectangular cuts
into two pieces of wood, which are then glued.

High frequency press

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During the high-frequency-bonding that work piece is exposed to a high-frequency stress field. It
works similar to the principle of a microwave. The high content of humidity leads to a faster
hardening of the glue. As with higher humidities and by raised temperature tensions are created
within the wood.

Automated panel sizing

Automated panel sizing combine the functions of a programmable controller and operator
interface into a single unit.

Molding machine
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Molding is a technique through which the wood is shaped on the outline of a die or mold and this
is done with the help of molding machine.

Profile wrapping

Profile wrapping is the procedure in wood finishing commonly for doors, frames, panels, strips,
etc.

CNC machine
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CNC automated machine which consist by the operator (machine body), the controller and the
servo drive system. It is a kind of humanoid operation, automatic control, repeatable
programming can be performed a variety of cutting and drilling work in the three dimensional
space.

Boiling vats

The logs are boiled in the boiling vats in order to process them a bit moisturized for slicing for
producing veneers.

Veneer slicer

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Veneer slicer is the slicing machine in which the flitch or piece of log is raised to lowered against
the blade and slices of the log are made.

Veneer drying

Veneer dryer is used to dry the veneer in the thickness range of 0.2mm-4mm to achieve the
veneers required for the production of plywood.

Double knife veneer clipper

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The double knife veneer clipper is particularly useful when cutting waving veneer bundles. The
whole veneer bundle is fully under pressure while cutting so that buckles in the veneers will be
straightened out.

Veneer storage

The veneers are highly prone to wrap. The moisture content in the wood cells may cause bulking
of the veneer. So they store veneer flat and preferably with some evenly distributed weight on
top in the veneer storage unit.

Longitudinal splicer
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In this machine the well-cut and pre-glued veneer strips are fed into the machine manually for a
perfect joint, especially suitable for splicing short veneers.

Inventory shed

This is where the inventory of Pyramid Timber Associates is stored and maintained.

Hot press machine for door and veneer production

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The hot press machine laminates the layers of veneers using high pressure and heat.

Beam saw

Beam saws hav a large circular blade used to cut different sized into beams. Beam saw provides
perfect precision and makes working on cutting pieces effortless.

Edge bending machine

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This machine is associated with narrow stripping of wood and trims the edges during finishing
carpentry.

UV polishing line

This machine refines and protects the wooden surface by spraying under UV rays.

Automated door spray

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This machine is specialized in surface automated coating equipment, with wood surface finishing
solution to the wood.

Packing machine

Packing machine is an automated machine which wraps the end products. The goods are clearly
visible due to the smooth surface of transparent film. It also packs the product from all the four
sides and makes sure that the product is not damaged.

DATA ANALYSIS AND INTERPRETATION

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 Data analysis is based on the primary and raw data which are collected in pyramid timber
associates pvt. ltd.

Demographic information

1. Gender:

Gender Respondents Percentage

Male 38 63%
Female 22 37%
Total 60 100%

GENDER

33%
Strongly Agree
Agree
57%

10%

Interpretation: On the basis of gender, 37% are female and 63% are male so it can be
say that company has more male employees than female employees

2. Marital status:

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 Marital status Respondents Percentage
Married 35 58%

Unmarried 25 42%

total 60 100%

Marital status

33%
Strongly Agree
Agree
57%

10%

Interpretation: Above diagram shows that marital status of employees, in that 58%
of employees are married and 42% of employees are unmarried. So, most of the
employees are married.

3. Age:

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 Age Responses Percentage
Below 20 0 0%
20-30 30 50%
30-40 25 42%
40 above 5 8%
Total 60 100%

AGE
0%

33% Strongly Agree

Agree
Neutral
57%
Disagree
10%

Interpretation: Above diagram shows that the age group of employees, in this 50%
of employees belongs to the age group 20-30 years and 8% of employees are
belonging to the age 40 and above.

4. Education:
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Education Responses Percentage
SSLC 0 0%

PUC/ITI 20 33%
Degree/B.E 35 59%

Other 5 8%

Total 60 100%

EDUCATION
0%

33% Strongly Agree

Agree
Neutral
57%
Disagree
10%

Interpretation: On the basis of education the 59% employees are education is degree and B.E,
and 33% of employees are done their PUC/ITI. It shows that most of employees are educated.

5. Experience:

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Experience Responses Percentage
1-5 years 24 40%
6-10years 20 34%
11-15 years 10 16%
15above 6 10%
Total 60 100%

EXPERIENCE
0%

33% Strongly Agree

Agree
Neutral
57%
Disagree
10%

Interpretation: On the basis of experience 40% of the employees have 1-5 experience and 34%
of employees have 6-10years and 10% people have more than 15years experience. It shows that
most of the people are experienced.

6. Does the company functions according to the HR policies?

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Table shows that company functions according to the HR policies.

Responses Number of responses Percentage

Strongly Agree 35 58%

Agree 23 39%

Neutral 02 03%

Disagree 00 00%

Strongly Disagree 00 00%

Total 60 100%

Does the company functions

according to the HE policies
0% 0%

Strongly Agree
33%
Agree
Neutral
57% Disagree
10% Strongly Disagree

Interpretation: The above chart shows that company functions according to company, where
58% of strongly agreed that and 3% of employees are neutral it can be said that most of
employees are satisfied with functioning of HR policies of company.

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 7. Does the employer check proper background during selection
process?

Table shows checking of background during selection process

Responses Number of responses Percentage

Strongly Agree 30 50%

Agree 25 42%

Neutral 05 08%

Disagree 00 00%

Strongly Disagree 00 00%

Total 60 100%

Background checking
0% 0%

Strongly Agree
33%
Agree
Neutral
57% Disagree
Strongly Disagree
10%

Interpretation: Above diagram shows that checking of background during selection where as
50% of employees are satisfied or strongly agreed and 8% of employees are neutral in their
opinion.

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 8. Is the management is following proper performance appraisal
regularly?
Table shows that performance appraisal management

Responses Number of responses Percentage

Strongly Agree 29 49%

Agree 21 35%

Neutral 10 16%

Disagree 00 00%

Strongly Disagree 00 00%

Total 60 100%

Performance appraisal
0% 0%

Strongly Agree
33%
Agree
Neutral
57% Disagree
Strongly Disagree
10%

Interpretation: Above diagram shows that performance appraisal management where 49% of
employees are strongly with regular performance appraisal management and 16% of employees
neutral and no one is disagreed with that.

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9. Are you comfortable with benefits provided by the
organization?

Table shows that benefits provided by organization

Responses Number of responses Percentage

Strongly Agree 34 57%

Agree 20 33%

Neutral 06 10%
Disagree 00 00%
Strongly Disagree 00 00%

Total 60 100%

BENEFITS
0% 0%

Strongly Agree
33%
Agree
Neutral
57% Disagree
Strongly Disagree
10%

Interpretation: In the above diagram we can see that 57% of employees are satisfied
or strongly agree with benefits provided by company no one have dissatisfied with
the benefits provided by company.

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 10. Are you getting proper health care benefits?

Table showing health care benefits provided

Responses Number of responses Percentage

Strongly Agree 35 58%

Agree 20 33%

Neutral 05 9%

Disagree 00 00%

Strongly Disagree 00 00%

Total 60 100%

Health care benefits

0%
0%

33% Strongly Agree

Agree
57% Neutral
10%
Disagree
Strongly Disagree

Interpretation: Regarding health care benefits 58% of employees are strongly agree and 9% of
employees are neutral it can be say that employees have good health care benefits.

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 CHAPTER 2
INTERNAL & EXTERNAL
ENVIRONMENT

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 INTERNAL ENVIRONMENT
Infrastructure Facilities.
Pyramid timber have well constructed building for wood processing with separate divisions for
veneer, joinery, polishing divisions.

They have separate building for office in a factory, company have modern machineries are CNC
machines, cut off sa, vinik, graycon, profile trapping machine, u.v polishing machine, moulding
machine, DSP (Double Side plaining),etc.. Which are required for manufacturing activity, they
also given safety equipments to operate with machines such as sensors, guard, gloves, resistant
glasses and goggles for protection of eyes, they have oxygen tanks from the protection of fire,
first aid facility in case of injury, shoes, etc.

There is a quarters for employees who are from north India and other states, company have good
drinking water facility, toilets, wash rooms, lunch rooms and there is adequate transport facility
which is near to city. Every labour getting Employees state insurance where totally get 6.5% of
contribution and Provident Fund facility with equal contribution of 12%. Women employees also
have maternity befits with medical benefits and paid leave of not exceeding 6 weeks according to
maternity act .

SWOT analysis of pyramid timber associates

SWOT is abbreviated as S-strength, W-weakness, O-opportunities, and T-Threats.

Where it will analyses the organization’s environment or it also applicable to individual

SWOT analysis is helpful for the company or to any individual where they can know themselves
and they can understand positive and negative part of them by this they can do a long or short
term planning for future.

By SWOT analysis they can also understand internal aspects and external aspects of an
organization, they can see their present position with competitors and they can set some
standards.

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STRENGTH
 Availability of man power.
 Company has foreign exports where they have international contacts of business.
 Company is planning to sell the products through online.
 They do not leave any wastage they use it by recycling.
 Pyramid timber have good environment with greenery.
 Company have political support.

WEAKNESS
 Damages of wood or quality of wood can decreased due to changing climate.
 No capital from public they may get less capital from their own
 Labor turnover.

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OPPORTUNITIES
 They have opportunity to trade more in international level.
 Acquiring new and updated technology.
 New markets in railing, roofing and ceiling of woods, decorative.

THREATS
 Volatility of revenue.
 In may cause unhealthy in polishing department due to smell and dust so they are
Recruiting north Indian people because they are capable than local people .
 Most of the employees are neutral in their opinion regarding the Infrastructure facility.

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 CHAPTER 3
Mc KINSEY’S 7S FRAME WORK

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 Mc Kinsey’s 7s Frame work
The 7S Framework first appeared in “The Art Of Japanese Management” by Richard Pascale and
Antony Athos in 1981. They has been looking at how Japaneese industry has been so successful,
at around the same time that Tom Peters and Robert Waterman were exploring what made a
company excellent. The Seven S model was born at a meeting of the four authors in 1978. It
went on to appear in “In search of excellence” by Peters and Waterman, and was taken up as a
basic tool by the global management consultancy McKinsey: it’s sometimes known as the
McKinsey 7S model.

Managers, they said, need to take account of all seven of the factors to be sure of successful
implementation of a strategy- Large or Small. They are interdependent, so if you fail to pay
proper attention to one of them, It can bring the others crashing down around you. Oh, and the
relative importance of each factor will vary over time, and u can’t always tell how that is
changing. Like a lot of these models, there is a good dose of common sense in here, but the seven
S Framework is useful way of checking that you have covered all the bases.

With the help of this, we can learn how to improve performance or manage change in the
organization by ensuring the they all work in harmony.

The model categorises the seven elements either “Hard” or “Soft”.

HARD ELEMENTS SOFT ELEMENTS

Strategy Shared values
Structure Skills
Systems Style
Staff

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 1. STRUCTURE:
Explicit and Implicit institutional rules and policies designed to provide a structure where
various work roles and responsibilities are delegated, controlled and coordinated. Organizational
structure also determines how information flows from level to level within the company. In a
centralized structure, decisions flow from the top down. In a decentralized structure, the
decisions are made at various different levels.

A structure depends entirely on the organization’s objectives and strategy chosen to achieve
them. In a centralized structure, the decision manking power is concentrated in the top layer of
the management and tight control is exercised over departments and divisions. In a decentralized
structure, the decision making power is distributed and the departments and divisions have
varying degrees of autonomy. An organizational chart illustrates the organizational structure.

Pyramid Timber Associates has a tall organization structure, This implies the centralization of
authority at the top, departmentalization of jobs, hierarchy of command, narrow span and
intense division of labor, This type of structure provide a clear and well defined work settings to
its employees.

Pyramid Timber Associates is headed by the managing director. The top management takes the
decision relating to the growth and profitability of the company. But before taking the decisions
the top management will consult the lower level functional level manager.

40
 The following figure shows the Organization structure of the company

Management Hierarchy of Pyramid Timber Associates

Managing
Director

DireD
CEO COO

Finance Accounts Production HR Store Maintenance

manager Manager Manager Manager Manager Manager

Senior Assistant Assistant Assistant Technicians

Accounts Production HR Store
Assistant Manager Manager Manager

Operators

Supervisor

Labour

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SKILL:
The Skill is an ability to perform an activity in a competent manner. Skill development is key
part of preparing for business. Business is an activity in which they apply learned skills to
succeed. Every activity in business ; Selling, Marketing, Making products, Serving customers
and many more activities in business require a very broad range of skills such as Thinking, Time,
Engagement, Communications, Decision making, Working as teams and many more skills.

There are certain skills the company wants from every employee no matter what role they will
have in the company. From entry level workers to executives, every employee should possess the
personal skills in order to succeed and help the company to move forward.

There are 3 catagories of employees in the company namely Skilled, Semi-skilled and Unskilled.

The skill to the employees is provided based on their knowledge by providing On-the-job
training which is provided for 11 months. They don’t provide Off-the-job training in Pyramid
Timber Associates Pvt. Ltd.

Skilled workers- ITI, PUC qualified

Semi-skilled workers- 10thstd qualified

Unskilled- 8thstd qualified

In Pyramid Timber Associates Pvt. Ltd. the Training is provided for Marketing management,
Sales, Supervising, Branch management, Market Research, Product development, Financial
management, HR practices, Technical aspects, Operations, Supply chain management,
Production management to its employees.

Technical skills
A Technical skill refers to the ability and knowledge in using the equipment, technique and
procedures involved in performing specific tasks. At Pyramid industries ltd. Employees, both
supervisors and workers, working in all production related department posses the technical skill
such as engineering skills, computer skills etc. Which are needed to handle work, related tools,
machines and equipments.

Human skills
Human skills involve the ability to work well with other people both individually and in group.
Because managers deal directly with people, the skill is crucial, Managers with good human
skills are able to get the best out of their prople. They know how to communicate, motivate, lead
and inspire enthusiasm and trust. These skills are equally important low level (Fine line)
management, middle level management and top level management.

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 2. STAFF:
Staff refers to the number and types of personnel within the organization and how companies
develop employees and shape basic values.

The staff is all about the employees and their general capabilities.

The company is accommodating various employees, they comprise of staff, workers and
trainees. The people in organization are very dedicated and work towards the improvement of the
organization.

Number of Employees:
There are 250 employees in the company.

In which, 50 are Management staff and

200 are Workmen.

The Owners of Pyramid Timber Associates Pvt. Ltd.

The MD: Mr. Mohammadi.T.Vagh.

The CEO: Mr. Ali AzgarVagh.

The COO: Mr. Hussain.M.Vagh.

43
Team of Pyramid Timber Associates Pvt. Ltd.
The Accounts Manager Mr. Ram Murthy
Senior Accounts Assistant
Accounts Assistant
Steno
Accounts Manager
Co-Ordinators
Receptionist
Senior HR Manager Mr. Unus Pasha
HR Manager Mr. Darshan
Assistant HR Manager Mr. Syed inzumam
Production Manager Mr.Yogesh, Mr.Girish, Mr.Mueen,
Mr.Chandramouli.

Assistant Production Manager

Supervisors
Assistant Supervisors
Operators
Helpers
Maintenance Manager: Mr.Ananthashayana
Assistant Maintenance Manager Mr.Shankarachari
Technicians, Welders, Electricians
and Helpers

44
ROLES AND RESPONSIBILITIES:
Managing Director:

 The MD of the company Directs and controls the work and resources of the company and
ensure the recruitment and retention of the required members and types of well
motivated, trained and developed staff to ensure that it achieves its mission and
objectives.

CEO:

 The CEO’s primary responsibilities include making major corporate decisions, managing
the overall operations and resources of a company, acting as the main point of
communication between the board of directors and corporate operations, and being the
public face of the company.

COO:

 The COO reports to the CEO and is usually second-in-command within the company.
 Alternative titles for the COO include Chief Operations Officer, Operations Director and
Director of operations.
 The COO oversees day-to-day operations and keeping the CEO appraised of significant
events.
 He creates operations strategy and policies. He communicates strategy and policy to
employees.
 He fosters employee alignment with corporate goals.
 He over sees Human Resource Management.

Finance Manager:

 The Finance Manager Provides information about the interest rates at which the company
is willing to take loans.
 He Estimates the future cash flow needs.
 He recommends about taking short-term loans or self-financing.
 He analyses the economic units production and its impact on the existing and planned
project.

45
Accounts Manager:

 He operates as the lead point of contact for any and all matters specific to the accounts.
 He builds and maintains strong, long-lasting customer relationships.
 He oversees customer account management, including negotiating contracts and
agreements to maximize profit.
 He clearly communicates the progress of monthly/quarterly initiatives to internal and
external stakeholders.

Production manager:

 He plans and organizes production schedule he assigns project and resource requirement.
 He estimates negotiates and agrees budgets and time scales with clients and managers.
 He selects orders and purchases, materials .he organizes relevant training sessions.
 He supervises the work of junior staff.

Senior account assistant:

 He reconciles the firm’s bank accounts, monitors the bank accounts throughout the day,
He resolves any statement queries and posts items into the ledgers on a daily basis and in
a timely manner.
 He assists recording and paying staff expense claims .he assists with recording and
paying supplier invoices.
 He prepares monthly balance sheet reconciliation he assists the finance manager with
supervisory duties as required.

Assistant production manager:

 He plans, managers and executes production operations.

 He co ordinates and plans production priorities, workflow and schedule.
 He identifies and reports operational and maintenance problems to prevent production
delays .he develops or updates standard operating procedures and best practices for
production operations.

Supervisor:

 He maintains the quality and quantity of work.

 He keeps maintenance operations running smoothly and efficiently.
 He plans and schedules the work he checks and inspects job and personnel.
 He allots the right person on the job at the right time.
 He keeps records and prepares reports.

46
Labour:

 The labors in the company are semi skilled and unskilled labourers.
 With special skills, are in specially high demand.
 They have constant work schedule they are capable of working with minimal oversight
but willing to follow direction closely.
 He or she is familiar with plywood industry safety standards and procedures to ensure
project security.

HR manager:

 Human resource managers provide guidance and directions to composition and benefits
specialists.
 They develop strategic compensation plans, align performance management systems with
compensation structure and monitor negotiations for good health care benefits.
 They provide employee training and development including new hire orientation,
leadership training and professional development.
 HR managers are responsible for investigating and resolving work place issues, they
ensure that employees have a safe working environment, free from discrimination and
harassment.

Store manager:

 He delegates responsibilities to his subordinates according to their specializations.

 He make sure the store is meeting the targets and earning profits.
 He ensures that the store is kept clan, shelves and racks are properly stocked.
 He keeps the models at the right place to attract the customers into the store.
 The security and safety of the store is his responsibility.

Maintenance manager:

 The maintenance manager performs maintenance management by supervising

maintenance and establishes priorities in maintenance schedule he maintains
manufacturing machines, generators, cranes and facilities, parts inventory, monitoring
purchase orders.
 Develops maintains quality standards and associates safety standards.

47
Technicians:

 They technicians recommend revision to methods of operations, material handling,

equipment layout, or other changes to increase productions or improve standards.
 They study time, motion, methods and speed involved in maintenance, production, and
other operations to establish standard production rate and improve efficiency.
 Record test data, applying statistical quality control procedures.

Operators:

 They provide assistance to junior operators in their assigned responsibilities.

 They prepare and clean the equipment when needed.
 They ensure the equipments are maintained in good and safe working conditions they
identify and report unsafe operations to supervisors immediately.
 They operate trucks and industrial vehicles to transfer the production equipments
between warehouse and working area.

48
 3. STYLE:
The main objective of the company is to maintain quality in its products. Quality is checked and
maintained in each and every step of the operation procedure. They take the responsibility of the
products till the product is served to the end customers. They produce the products based on the
customer expectations and market trends.

The company has the team of experts who-

 Shed light on variation in texture, and figure.

 Assist in perfect matching.
 Guide about high visibility areas.
 Explain about the right kind of adhesive and application methodology.
 Work on the perfect finishing.
 The wood is injected with specific and suitable chemicals to protect the condition of the
wood.
 They use CNC machine to get the perfect design of the wood.
 It uses the automated process to produce the end products rather than doing it manually.
 Each layer is used to create the boards at various thicknesses as needed and they ensure
the right depth and make the board stronger.
 The procured wooded logs are checked and rejected if the wood is damaged or not good.
 They glue the layer of wood at right angles to one another to create an incredibly strong
finishing.

49
4. STRATEGY:
It is perspective, position, plan and pattern. Strategy is the bridge between policy or high
order goals on the one hand and tactics or concrete actions on the other hand.
Strategy is a term that refers to a complex web of thoughts, ideas, insights, experiences,
goals, expertise, memories, perceptions and expectations that provides general guidance
for specific actions in pursuit of particular ends.

1. Waste elimination: The wooden wastage is not disposed by the company instead it is
reused again for Boiling vats and Hot press for door and veneer production. After
getting the wood logs, they check the quality of wood logs and reject the ones that are
damaged or not eligible for production as the quality is the main aspect of the
company. Those wood wastes are further used for boiling vats and hot press for door
and veneer production.
The saw dust from the saw mill is collected and converted into briquettes and used to
fire for boiler.

2. Sample Display: The sample of different Wood are displayed in the Experience
Center which is located inside the company campus with the modern interior designs
based on the present market trends made up of wood with suitable lightings.

3. Interiors: The interiors of the company are designed with wood.

4. Procurement of wood: They procure the specific woods for production.

5. Automated Operation: They are equipped with automated machineries for

production. They use automated cutting machines, Glue machines, Panel sizing
machines, Molding machine, CNC machine, veneer slicer machine, veneer drying
machine, Hot press machine, UV polishing machine, 6 Axis polish machine, Door
spray and Packing, etc.

6. Protection of wood: They inject the chemicals suitable for protecting the wood.

7. Other strategies adopted by Pyramid Timber Associates are:

o Dynamic business strategies
o Maintaining and improving quality
o Business intelligence
o Create innovative solution for the future
o Long standing client relationships

50
 5. SYSTEM:
A set of detailed methods, procedures and routines established or formulated to carry out a
specific activity, perform a duty, or solve a problem.

System is defined as a process or set of processes that links and orders activities to enable work
to be done and goals to be achieved. System in simple words is the formal and informal
procedures including compensation system, management information system and capital
allocation systems that govern everyday activity.

Pyramid Timber Associates has adopted system of internal control designed to provide
reasonable assurance on the achievement of the objectives relating to efficiency and
effectiveness of operations, reliability of operation, and reliability of financial reporting. There is
a system compliance to follow rules and regulations and for safeguarding assets. Some of the
systems followed by Pyramid Timber Associates are as follows:

 Quality control system

 Management information system
 Inventory control system

Management Information System:

Implementation of computer has information flow fast and reliable. The information is versatile.
Since Pyramid Timber Associates has good backup system, the company has adopted ERP
package – ERP version-9. The software that has been developed by Pyramid Timber Associates
includes financial packages, material accounting package, finished goods packages, etc.., which
are used for the processing of information.

Performance Measurement System

Performance appraisal is necessary for guiding the employees. In Pyramid Timber Associates the
head of the concerned department normally does performance appraisal. The performance
appraisal is made through ranking method.

Inventory Control System

Inventory is one of the factors, which determines the working capital pf the firm. So, Pyramid
Timber Associates adopt the 6 Orbit software of Inventory valuation system.

It uses Udyog Software for invoice bills.

51
HR Department:
System followed by HR department:
1. Recruitment:

Recruiting and training new employees are primary responsibilities of the human resource team
in Pyramid Timber Associates. This part of job often entails advertising open positions,
interviewing and hiring candidates and setting aside hours devoted to training the new recruits.
The HR department often publishes training materials including handbooks detailing all aspects
of the job.

2. Selection:

Selection of an employee is a process of choosing the applicants, who have the qualifications to
fill the vacant job in the company.

3. Joining formalities:

This selection plays down the detailed joining formalities to be completed by the new entrant
with HR department.HR will be responsible for completing the formalities for those employees
who join.

4. Training: Training is a process of learning a sequence of programmed behavior. It is

application of knowledge and gives people an awareness of rules and procedures to guide
their behavior. They provide purely On-the-job training to its employees for a period of
11 months.
5. Work performance: Evaluations are a mechanism to provide feedback and
documentation about an employees performance through a defined time period, and can
provide clear communication of job expectations and goals. Performance evaluations also
can serve as a constructive tool that assist mentoring employees on areas of employee
development and improvement.

Types of work performance evaluation:

o Annual evaluations
o Probationary evaluations
o Special evaluations

52
Evaluation process:

1. Set goals
2. Review position description
3. Employees self evaluation
4. Provide rating
5. Review goals
6. Summarize evaluation
7. Rate overall performance
8. Acknowledge evaluation
9. Appeal evaluation.

6. Talent Appreciation:
It is the skills of attracting highly skilled workers, of integrating new workers, and
developing and retaining current workers to meet current and future business objectives.

6. SHARED VALUE:

The values and beliefs of the company. Ultimately they guide employees towards
‘valued’ behavior. All members of the Pyramid Timber Associates share some common
fundamental ideas or guiding concepts around which the business is built, This may be to
make money or to achieve excellence in a particular field, These values and common
goals keep the employees working towards a common destination as a coherent team and
are important to keep the team spirit alive. The organization with weak values and
common goals often find their employees following their own personal goals that may be
different or even in conflict with those of the organization or their fellow collegues.

53
 CHAPTER 4
FINANCIAL PERFORMANCE WITH
RATIO ANALYSIS

54
No particulars Note Year ended Year ended
no 31st march 31st march
2018 2017
1 Revenue from operations 18 52,42,07,316 36,67,03,582
2 Other income 19 1,88,11,775 82,90,014
3 Total revenue (1+2) 5,40,19,091 49,37,93,596
4 Expenses:
Cost of material consumed 20 30,02,89,721 18,66,90,674
Purchase stock in trade 21 6,66,888 26,97,558
Changes in inventories of finished goods, work 22 (37,83,487) (1,47,098)
in progress and stock- in
Employee benefit expenses 23 4,87,43,233 4,53,62,766
Finance cost 24 85,69,435 96,16,402
Depreciation and amortization expenses 25 3,61,19,706 1,59,42,205
Other expenses 26 12,49,40,849 8,78,25,574
Total expenses(4) 52,31,13,319 34,82,82,277

Profit before exceptional and extraordinary 46,90,94,228 2,67,11,319

items and tax(3-4)
Exceptional items Nill Nill
Profit before extraordinary items and tax(5-6) 46,90,94,228 2,67,11,319
Extraordinary items nill Nill
Profit before tax(7-8) 46,90,94,228 2,67,11,319
5 tax expenses
(1)current tax 1,49,56,800 81,62,520
6 current year Nill 1,47,204
7 prior year
8 (2) Deferred tax credit(net) 27 18,14,040 6,10,800
9 Profit (loss) for the period from continuing 45,23,23,388 1,77,90,795
operations after
10
Tax(9-8)
11
12 Profit (loss) from discounting operations
Tax expenses of discounting operations
13 Profit (loss)from discounting operations (after 29 Nill Nill
tax)(12-13)
14 profit(loss)for the period (11+14) 45,23,23,388 1,77,90,795
Earnings per equity share
15 (1)Basic
(2)Diluted

55
particulars Note As at 31st march As at 31st march
no 2019 2015
Rs Rs
1. Equity and liabilities
1) share holders funds 1
a)share capital 2 99,75,110 99,75,110
b)R and S 3 11,65,07,849 8,77,32,262
Sub total -1 12,64,82,959 9,77,07,372
2)share application money -
pending allotted

3)non current liabilities 4 68,74,513 2,94,85,176

Long term borrowings 5 35,10,000 16,95,960
Deferred tax liabilities(net)
-
Other long term liabilities -
Long term provision

Sub total-3 1,03,84,513 3,11,81,136

Current liabilities:
Short term borrowings 6 5,85,13,427 4,52,13,380
Trade payable 7 1,22,474,717 7,03,47,606
Other current liabilities 8 8,27,66,224 9,97,76,058
Long term provision 9 74,83,506 51,35,226
Subtotal – 4 27,12,37,874 2,20,47,22,270
Total (1+2+3+4)
Assets
1.Non current assets
Fixed assets 10 9,70,09,674 7,33,82,630
Total assets - -
IA - -
Capital work in progress - -
Sub total-1(a) 9,70,09,674 7,33,82,630

56
b)non current investment 11 5,19,51,170 61,34,309
Deferred tax assets(net)
Long term loans and advances 12 - -
Other noncurrent assets 15,25,800 14,24,592

Subtotal of 1 15,03,86,644 8,09,41,531

2. current assets
Current investment - - -
Inventors 13 5,11,98,919 4,82,95,919
Trade receivables 14 8,36,05,783 10,16,90,224
Cash and cash equivalents 15 6,12,27,943 8,32,16,162
Short term loans and advances 16 6,24,27,943 3,51,28,439
Other current assets 17 1,23,830 3,77,269

Subtotal of 2 32,10,12,361 26,87,08,013

Total (1+2) 41,01,00,372 34,96,49,544

57
 CHAPTER 5
LEARNING EXPERIENCE

58
 CHAPTER 5
LEARNING EXPERIENCE

After observing the function of the organization, We learnt that ;

 Every steps followed in the production by the organization.

 We learnt that by using the updated technology and by using automated machines for the
production, it reduces the labor cost and time consumed to produce the final products.
 They have focused more on the quality of the product.
 By continuous research and innovation they have arrived at wood house project.
 They operate globally and have contacts with different countries for their imports and
exports.
 They attract everyone with their wooden interiors and exteriors and the experience center.
 There is a continuous and efficient Supply chain management and inventory management
in the company.
 They provide only on-the-job training to their employees based on their requirement with
their own strategies and procedures.
 They procure the wood which are permitted by the government.
 It is located in the proper industrial area hence, it does not disturb the residential areas.
 They maintain good relationship with the customers and their workforce.
 There is an efficient waste management.

59
 CHAPTER 6
FINDINGS, SUGGESTIONS AND
RECOMMENDATIONS

60
 CHAPTER 6
FINDINGS
1. It is identified from the study that many of the respondents strongly agreed that company is
functioning according to the practices where it will show the satisfaction of employees towards
HR practices.

2. Regarding working hours or working condition in the organization many of the employees
were strongly agreed.

3. The study showed that many of respondents are strongly agreed that there is a good
coordination among employees in organization.

4. It is found that more than half of employees were satisfied or strongly agreed that they are
getting health care benefits like employee state insurance and sick leave by the company.

5.Most of the employees were agreed and strongly agreed that the company is resolving
grievance properly.

6. The benefits they provide to their employees are;

ESIC (Employee State Insurance Corporation) before they use to provide 1.75% ESIC but now
they provide 0.75%ESIC.

EPF(Employee Provident Fund) they provide 12% EPF on minimum wages and

Bonus 8.33%.

7.The minimum wages set by the LabourDept of rupees 10887.00

8. Every year they organize health camp and workshops for their employees.

9. He work contribution of respondents is rewarded by the management with the help of the
study and analysis part.

10. Because of cost issue export of the company has reduced the company takes orders and
provides doors manufacturing and fixing service in bulk.

11. They provide service product and provide other services.

12. They have efficient transportation facilities.

13. They have excellent storage facility to keep in a prescribed temperature.

14. They have chosen the appropriate channel strategy for their product.

61
15. The distribution channel also has an effect on pricing decision.

62
 Suggestions / Recommendations

1.They can provide more benefits to their employees.

2. Company has less women employees they can give more opportunity to women employees to
work in their organization.

3. Company can adopt new methods to check proper background where they can know better
about individual employee.

4. Training can be given in much more better way where they can give full satisfaction to
employees by that they can expect more performance by employees.

5. Infrastructure facility provided by the company may not satisfy the employees. If they give
much better infrastructure facility like transport, food, water supply, by that they can give fully
satisfaction to employees.

6. The company should encourage employees to participate in decision making where they can
assess the employees they also get different ideas from employees and it is a way to improve
motivation.

7. There should be a proper technique to identify a cause and resolve the problem.

63
CHAPTER 7
CONCLUSION

64
Conclusion:
Human resource is a major strength of the organization. To maintain human resource there
should be a set of policies and practices for easy flow of work. The satisfaction of employees can
be known by their positive perception towards organization; it also results in motivation of
employees to perform well.

By providing benefits like health care benefits, retirement benefits, performance appraisal,
employee retention, training and development will reduce the employee turnover when they have
positive perception about organizational practices.

Company has good working condition, infrastructure facility which makes the employees happy
to work and comfortable with employees and better coordination among employees.

The company has grown since 1987 with the help of continuous updation of technology.

The company functions in systematic and disciplined manner.

They have an efficient wastage reuse system.

65
BIBLIOGRAPHY

66
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