Académique Documents
Professionnel Documents
Culture Documents
SESSION 2016-18
PROJECT GUIDE: SUBMITTED BY:
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DECLARATION
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ACKNOWLEDMENT
Behind every achievement lies a unfathomable sea of gratitude to those
who have extended their support and without whom it would never have
come into existence. To them we say our words of gratitude.
I would like to express my deepest sense of gratitude to Mr. Pawan
kumar pandey, Sales and Promotion for giving me this opportunity to
undergo Summer training at Santosh Overseas Ltd. I would also like to
extend my heartfelt gratitude to him for his constant encouragement and
valuable insight, guidance and facilities at all phases of the project.
I would also like to acknowledge the support and guidance of
Mr. Rishi Raman Singh, Course Coordinator without his help and
encouragement it would have been practically impossible to complete
this project.
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Table of Contents Page no.
1. Executive Summary . 1
2. Introduction 2-6
3. Company Overview 7-19
4. SWOT 20-21
5. Literature Review 22-23
6. Job Assignment 24-28
7. Job Description 29
8. Job Process 30
9.Research methodology 31
10. Finding 34
11. Learning 35
12. Recommendation 36
13. Conclusion 37
14.Annexures 38
15. Bibliography 39
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EXECUTIVE SUMMARY
Student information
Name: Udit Narayan Singh
ROLL NO: PG/22/70 Batch:2016-18
Course registered:PGDM
Institute; School of management Sciences,Varanasi.
Mobile number:8181912925
Permanent address: vill-Bahera,post-khajuri,Teh-Burhanpur,dist-
Azamgarh,223221
Email Id: kaushikudit2412@gmail,com
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INTRODUCTION
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INTRODUCTION
Agriculture plays a vital role in India’s economy. Over 58 per cent of the
rural households depend on agriculture as their principal means of
livelihood. Agriculture, along with fisheries and forestry, is one of the
largest contributors to the Gross Domestic Product (GDP). As per the
2nd advised estimates by the Central Statistics Office (CSO), the share
of agriculture and allied sectors (including agriculture, livestock,
forestry and fishery) is expected to be 17.3 per cent of the Gross Value
Added (GVA) during 2016-17 at 2011-12 prices. India is the largest
producer, consumer and exporter of spices and spice products. India's
fruit production has grown faster than vegetables, making it the second
largest fruit producer in the world. India's horticulture output, is
estimated to be 287.3 million tones (MT) in 2016-17 after the first
advance estimate. It ranks third in farm and agriculture outputs.
Agricultural export constitutes 10 per cent of the country’s exports and
is the fourth-largest exported principal commodity. The agro industry in
India is divided into several sub segments such as canned, dairy,
processed, frozen food to fisheries, meat, poultry, and food grains. The
Department of Agriculture and Cooperation under the Ministry of
Agriculture is responsible for the development of the agriculture sector
in India. It manages several other bodies, such as the National Dairy
Development Board (NDDB), to develop other allied agricultural
sectors.
Market Size India's GDP is expected to grow at 7.1 per cent in FY
2016-17, led by growth in private consumption, while agriculture GDP
is expected to grow above-trend at 4.1 per cent to Rs 1.11 trillion (US$
1,640 billion).$ As per the 2nd Advance Estimates, India's
food grain production is expected to be 271.98 MT in 2016-17.
Production of pulses is estimated at 22.14 MT. India's exports of basmati
rice may rise to Rs 22,000-22,500 crore (US$ 3.42-3.49 billion), with
volume to around 4.09 MT in 2017-18, backed by a rise in average
realizations. Wheat production in India is expected to touch an all-time
high of 96.6 MT during 2016-17. Groundnut exports from India are
expected to cross 700,000 tonnes during FY 2016-17 as compared to
537,888 tonnes during FY 2015-16, owing to the expected 70 per cent
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increase in the crop size due to good monsoons. India’s groundnut
exports rose to 653,240 MT during April 2016-February 2017.@ India’s
export of grapes to Europe and China are expected to increase by 10 to
20 per cent this year on back of higher production on account of good
monsoon and higher demand due to competitors such as Chile shifting
focus to US market. Spices exports from India grew by 9 per cent in
volume and 5 per cent in value year-on-year to 660,975 tonnes and US$
1.87 billion respectively, during April-December 2016.^
Investments
According to the Department of Industrial Policy and Promotion (DIPP),
the Indian agricultural services and agricultural machinery sectors have
cumulatively attracted Foreign Direct Investment (FDI) equity inflow of
about US$ 2,315.33 million from April 2000 to December 2016. Some
major investments and developments in agriculture are as follows:^^ ·
India and Brazil have signed a bilateral investment agreement, aimed at
enhancing cooperation in areas of
agriculture, cattle genomics, ship building, pharmaceuticals, defence
production, ethanol production and oil and gas, between the countries. ·
Zephyr Peacock, the India-focused private equity fund of US-based
Zephyr Management, has invested an undisclosed amount in Bengaluru-
based potato seeds firm Utkal Tubers India Pvt Ltd, which will be used
to produce high-quality mini-tubers in a tissue culture laboratory and
multiply them in its own development farms and through supervised
contract farming in different regions of the country. · Mahindra Agro
Solutions Ltd (MASL), a unit of Mahindra & Mahindra Ltd, has agreed
to purchase 60 per cent stake in OFD Holding BV, a Netherlands-based
fruit distribution company, for Rs 36 crore (EUR 5 million), which will
provide MASL access to European and Chinese markets for Indian
grapes.
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Government Initiatives
Given the importance of the agriculture sector, the Government of
India, in its Budget 2017–18, planned several steps for the sustainable
development of agriculture- · Total allocation for rural, agricultural and
allied sectors for FY 2017-18 has been increased by 24 per cent year-on-
year to Rs 1,87,223 crore (US$ 28.1 billion). A dedicated micro-
irrigation fund will be set up by National Bank for Agriculture and Rural
Development (NABARD) with a corpus of Rs 5,000 crore (US$ 750
million). The government plans to set up a dairy processing fund of Rs
8,000 crore (US$ 1.2 billion) over three years with initial corpus of Rs
2,000 crore (US$ 300 million). · The participation of women in
Mahatma Gandhi National Rural Employment Guarantee Act
(MGNREGA) has increased to 55 per cent and allocation to the scheme
has been increased to a record Rs 48,000 crore (US$ 7.2 billion) for
FY2017-18.
· Short-term crop loans up to Rs 300,000 (US$ 4,500) at subsidized
interest rate of 7 per cent per annum would be provided to the farmers.
An additional incentive of 3 per cent is provided to farmers for prompt
repayment of loans within due date, making an effective interest rate for
them at percent.
Some of the recent major government initiatives in the sector are as
follows:
• The NITI Aayog has proposed various reforms in India's
agriculture sector, including liberal contract farming, direct
purchase from farmers by private players, direct sale by farmers to
consumers, and single trader license, among other measures, in
order to double rural income in the next five years. The Ministry
of Agriculture, Government of India, has been conducting various
consultations and seeking suggestions from numerous stakeholders
in the agriculture sector, in order to devise a strategy to double the
income of farmers by 2022.
• The Maharashtra State Agriculture Marketing Board (MSAMB)
has operationalised farmer-to-consumer markets in the state, and
plans to open 100 more such markets in the future, which would
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facilitate better financial remunerations for the farmers by
allowing them to directly sell their produce in open markets.
• The Ministry of Labour and Employment plans to amend the
Minimum Wage Act to raise the daily minimum wage of unskilled
agricultural labour in C-class towns to Rs 350 (US$ 5.2) in the
central sphere, from the current wage of Rs 160 (US$ 2.4) per day.
• The Central Government plans to open at least one Krishi Vigyan
Kendra in all districts of the country, which will provide advanced
agriculture technical assistance to the farmers near their farms
itself.
• The Government of Karnataka plans to invest around Rs 1 trillion
(US$ 15.1 billion) for developing irrigation projects
across the state to mitigate the impact of deficient rainfall
and resulting drought on agriculture in recent years.
• The Government of India and the Government of Israel have
expressed their commitment to further strengthen bilateral relations
in the field of agriculture and allied sectors, as well as enhance
cooperation at the government-to-government and business-to-
business levels between the two countries, in a bid to further
enhance the relationship.
• According to the Agriculture Ministry, 50,000 hectares of area is
available for coconut cultivation in Bihar, the Coconut
Development Board plans to equip the farmers thus making India
the world leader in production, productivity, processing for value
addition and export of coconut.
Road Ahead The agriculture sector in India is expected to generate
better momentum in the next few years due to increased investments in
agricultural infrastructure such as irrigation facilities, warehousing and
cold storage. Factors such as reduced transaction costs and time,
improved port gate management and better fiscal incentives would
contribute to the sector’s growth. Furthermore, the growing use of
genetically modified crops will likely improve the yield for Indian
farmers. India is expected to be self-sufficient in pulses in the coming
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COMPANY OVERVIEW
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We have sesame seed processing plant for Hulled Sesame Seed. The
capacity of plant is 25 MT per day. The plant is latest supplied by Buhler
India Ltd which is the best in this line with German technology.
The company is doing exports in various countries like UAE, Iraq, Saudi
Arabia, Kuwait etc. as per the requirement of buyers. The company has
its associates in Dubai namely M/s. Asia Africa General Trading LLC,
through which all export sales are routed. The company has very strong
Santosh overseas Ltd is one the largest exporting Rice Mill in the
India. Santosh Basmati Rice Mill has a big share in the total revenue and
earns much foreign exchange for the government. The management at
santosh Basmati Rice Mill has gathered valuable experience in Rice
Export through trading to Asia, Europe and Middle East. After assessing
high demand for premium quality Indian Rice, in the international
market, management decided to set-up astate-of-the-art processing plant
of its own .santosh Basmati Rice Mill has one of the finest plants,
conforming to international standards of excellence in hygiene and
quality.
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Company’s Promoters
MR.SUNIIL MIITTAL
Chairman
MR.ASHIISH MIITTAL
(Vice-chairman)
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MR.AMIT SETHI
Company’s promoters:
Mr. Sunil Mittal
(Group chairman)
Mr. Sunil Mittal is a dynamic businessman with around 35 years
experience from Gurdaspur, Punjab he has settled in Delhi.
His expertise is in trading & marketing agro products.
He is also known for his administrative & management skills.
His vision has made the Company a recognized name in the domestic
& international markets.
He also has extensive experience in the construction, business,
trading & garment industries.
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Mr. Ashish Mittal is young dynamic businessman with expertise in
marketing rice in the domestic & international markets.
Under his administration, the sales of the Company soared
The Company’s brands have gained great recognition in the market
because of his expertise & leadership.
He has played a pivotal role in marketing products across the world.
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Vision Statement
To be a Leading Global Commodity Company.
Mission Statement
The company is having significant development extensive Plan to build
the trust & integrity of our products, providing customers’ satisfaction.
The company strives towards diversification and development of the
product portfolio. Bringing our brands at the highest position across the
global market. We are also focusing new commodities like Seaseme,
Chikpeas & Peanuts etc. to be launched very soon.
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Core Values: -
In simple terms, Core values are the set of ideas that we decide to follow
in our life or in a business. They give an understanding to other entities
around us about the way of thinking and livelihood. Core values can be
used in our daily lives, for living a clean and transparent life and
coordinating with other people. Nowadays, core values are the most
crucial aspects of any successful business, as they contribute a lot in the
growth of a company.
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Organization Structure of the company:-
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Our Products-
The company has very strong hold in exports in the markets of UAE,
Iraq, Saudi Arabia, Kuwait etc. Samad & Mr India Basmati Sella of
1121 is the most popular brand of our export items. To increase the
acceptability of Santosh Overseas products globally, the company has
taken the lead in implementing industry best manufacturing practices &
obtaining internationally acclaimed certifications. Santosh Overseas was
among those in the rice industry who obtained the ISO certification.
The company has a strong distribution network in all major basmati
consuming towns in India with more than fifty distributors & retailers in
hierarchies in each state. The most popular brands of the company in
domestic market are AKASH, 264, SM & WINNER. “Akash” Basmati
Rice is a leading name in the Rice Industry of our domestic markets of
India. The company has sales depot at Alipur in Delhi and at Navi
Mumbai, in Maharashtra state.
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We have the following Unique Products, which are globally accepted :- »
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Akash Basmati Rice:
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Samad Basmati Sella
Samad Basmati Sella Rice is an extra-long grain Rice with the white
luster, the charming aroma and an unforgettable taste. It has been
processed with the most Fertilized & cleaned with snow-fed water from
the Himalayas and extremely hygienic. It is the most refined basmati
Rice you’ll ever get. Its raw material is cultivated & procured in special
zone of Himalaya.
We at Santosh Overseas Limited, always strive to achieve the latest, be
it infrastructure for the Rice Milling units, World class Machineries of
Satake, Buhler, sufficient Power backup, own fleet for transportation,
R&D, Packaging - Printing and Production with latest machineries, have
helped in producing world class product. I feel immense proud to share
here that the plant works at its full capacity of 350 MT per day, thus
resulting in increased profitability in terms of financially and socially
w.r.t. noise, pollution, carbon foot print etc.
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SWOT ANALYSIS OF OUTLOOK MAGAZINE:
STRENGTHS:
ØSantosh overseas rice international traders has strong
foundation regarding finances.
ØIn local as well as international markets.
ØGoodwill in term of commitment and delivery on time of
an order
ØHave experts in each department
ØLatest and advanced automated machinery
ØPower bank ups
ØIt has low cost cheaper labour
ØCameras are installed everywhere for monitoring
WEAKNESSES:
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OPPORTUNITIES:
· More share in export can be captured because still there is
a lot of room
·It can go for related diversification as biscuits can be
made form its by –product
·From its husk tip and bran. Rice canola oil can also be
produced
·Putting the product into own brand. Can created new
market and profits.
THREATS:
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Literature Review
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First step in reducing food borne illness; however with this in place,
many developing countries lack the technical expertise and financial
resources to implement food safety policies. Support from donors for
capacity building in order both to protect health and to improve food
trade, would help to build up a framework for sustainable development
country and encourage them to continue with organic farming. Not that
the initiatives have not begin- they have but now an awareness and
communication programme should be taken by both as Government
information and Education programme at farm level while corporate
Body should aggressively carry out mass media awareness on
Development of Organic food .
The small scale farmers should have contractual relationship with the
large organizations. Collaboration between public and private agencies
is beneficial to support technical and financial activities. The
development of managerial and business skills to implement business
and marketing plans together with measures for enhancing farmer’s
capacities to ensure the organic quality attribute of their produce are
essential such may vary according to the certification schemes and
characteristics of the supply chain.
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Job Assignment
Objectives of this project
1. To study the working of all the functional department.
2. To understand the current market situation of Santosh Overseas.
3. To understand the current Promotional strategy of Santosh overseas.
MARKET RESEARCH
Throughout the lifespan of one company, the people that are being sold
to are studied so that they can be provided with more attractive products
or services. The main market doing the buying is, of course, that
company’s consumer base. Analyzing and understanding such customers
is the main method of keeping them, and is why most assets are poured
into Research and Development (R&D). R&D is the process by which
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old products and new ideas become refined into better, more profitable
packages. It consists of a lot of customer data: interviews, observation,
product testing, and plenty of questions. Innumerable details are dug up
to gain an insight into who the core customers are, and what they want
or need. This is where brand creation, market consideration, and market
testing comes into play. Anything that the customer base will not buy
will not be made. How a company listens to their customers is vital.
Listening to what they say they want and providing that is a sure-fire
means to failure. It turns out that it’s not as simple as just listening,
because customers often do not know what they want or why they want
it. Customers do not really understand the creation process, and should
only be asked concise questions that a company's R&D team can make
into something their customers would value. It is through this careful
insight into customer minds that a business improves their product and
gains more buyers and more revenue.
BUILDING RELATIONSHIPS
Marketing Department
Domestic marketing
Export marketing
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Job Description
v Designation : Marketing intern
v Reporting Manager : : Pawan kumar pandey
v Location : sector-83, phase 2, Noida, uttar Pradesh
v Timing : 10A.M to 5;30P.M
v Key Responsibilities : As a intern in a sales & marketing department
I am liable to get more & more subscription (Sale) & renewal of various
magazine from the existing as well as new customer/ consumer via E-
mail marketing.
Intract with target customer and educate them about company product
and services through e-mail.
process for creating product and product stock communicating
delivering and exchange affairs that have value of customers by e-mail.
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Job Process
q In the beginning of my summer internship I m going through
induction process in which I got the software tanning, product
knowledge along with the sales promotion tool.
q Data Base:- Every day I got the data base of 400 existing or new
customer/consumer from the supervisor. On which I need to send all the
price offer via e-mail.
qObjection Handling:- Many of the existing consumer shows their
various issues at the time of Re-Subscription at that time I need to assure
him/her that problem can be resolve as soon as possible & also not
happen in upcoming period.
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RESEARCH METHODOLOGY
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Top Ten largest rice producing states in India.
1. WEST BENGAL- 146.05 Lakh tons:
2. UTTAR PRADESH- 140.22 Lakh tons:
3. ANDHRA PRADESH- 128.95 Lakh tons:
4. PUNJAB- 105.42 Lakh tons:%
5. TAMIL NADU- 74.58 Lakh tons:
6. BIHAR- 71.62 Lakh tons:
7. CHHATTISGARH- 60.28 Lakh tons:
8. ODISHA- 58.07 Lakh tons:
9. ASSAM- 45.16 Lakh tons:
10. KARNATAKA- 39.55 Lakh Tons:
18%
12%
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Major rice producers of the world.
china, 28.8
india , 21.6
indionesia, 8.6
bangladesh, 6.9
vietnam, 5.7
thailand, 4.6
myanamar, 4
philippines , 2.4
brazil, 1.8
japan, 1.7
usa, 1.4
pakistan, 1.3
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FINDING
· The industry dose not pay attention towards the advertising of its
product.
· During the period of study it has been found that, the company
continuously for the two years had made the losses.
· Number of the workers in the industry has been reduced because of
the financial problem in the company.
· The industry dose not have sufficient amount of promotional policies,
clear cut long term marketing strategies and product positioning.
· There monetary and non-monetary benefits for the employees, when
they have been asked to take up additional responsibilities.
· The rice milling industry has got enough growth potential especially
in term of its currently adopted Japanese technology in the whole
process of production.
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MY EXPERIENCE & LEARNING
Acceptance:-
There is a acceptance that the level of work, responsibility and pressure
are very high as in the cooperate world as compared to the school and
the colleges.
Punctuality:-
One should be enough punctual otherwise the work assigned will not be
accomplished in the time, and that may lead to a great loss to
organization and to the employee.
Individuality:-
At school and colleges all students study same theories, gives same
examination but at cooperate different works are assigned to different
employees and the method of working and thinking will also be different
among the employees.
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Recommendation
1. During my training I got to know that the motivating factors
are the gifts provided along with the subscriptions and according
to most of the consumers a good gifts are one which have good
brand value associated with it and those which offer better utility
therefore outlook should concentrate on this promotional tool.
2. From the information obtained from Santosh Overseas, it was
identified that Santosh does nothing for customer retention.
Santosh needs to formulate and implement customer retention
and loyalty programs to retain the customers.
·Greet the customers with exciting gifts during special
occasions.
·Sell the subscription renewal at discount.
·Auto renewal of subscription.
·Allow grace period for subscription expiry.
·Send loyalty gifts.
3. During my training it was revealed that the strengths of
Santosh overseas are Promotional Schemes and unbiased
reporting. Its weaknesses are its Content quality, Delivery
System and Coverage so it should work on it to increase the
customer’s satisfaction. If the product is able to satisfy
customers in its core product attributes, then the customer will
be tend to be loyal as their expectations are fulfilled.
4. Company should appoint some executives to make strong
relationships with customer.
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Conclusion
As the industry does have sufficient amount of promotional policies,
clear cut long term marketing strategies and product positioning, this
may results as a bigger psychological disadvantage for the industry and
even the company has been bearing the continues losses for the last two
years.
Hence it is better to find out the alternatives for the same.
Santosh Overseas mill is having the capacity and the potential for
succeeding in its vision much sooner thereby producing and enhancing
the quality of the products by utilizing the currently adopted Japanese
technology in a better way.
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Annexures
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Bibliography
Test books:
· Marketing
Management – Philip Kotlar12edition
·Human resource Management – K.D.Basava
Website:
www.google.com
www.santoshoverseas.com
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