Colony Textile Mills Essay

History Colony Group is one of the leading and oldest Textile Manufacturing group in Pakistan. The 1st industrial venture of the group was in cotton ginning sector back in 1881. Gradually the group diversified in to flour milling in the early 1900s. First textile spinning plant was put up in 1946 under the name of Colony Textile Mills Limited. The Group further ventured in to Banking, Insurance, Cement, and Power Generation & Distribution. By 1952 Colony Textile Mills Limited was a composite textile plant with a 120,000 spindles, 1,500 looms, and fabric finishing capacity in excess of 150,000 meters per day. Nationalization of 1972 took most of the business away, leaving Textile and Insurance in the Group. Presently, there are two companies in the group, namely, Colony Textile Mills Limited (CTM) with about 195,000 Spindles, and Colony Industries (Pvt. ) Limited (CIL), consisting of 35,000 Spindles and 418 Air Jet Looms. Width | Looms| | 190cm| 180| 176 Cam +12 Dobby + 12 Crank (20 Looms with Batchers)|210cm| 24| 24 Cam Looms (4 Looms with Batchers)| 280cm| 26| 20 Cam + 6 Dobby| 340cm| 188| 174 Cam + 14 Dobby| Competitive Dimensions CIL is a very strong and only group that has 418 Looms in same place. This helps in fulfilment of large orders at high speed. If the looms are installed at different locations large orders cannot be processed because of factors like communication barrier and increased cost of transportation etc. Another unique thing CIL has is the Automatic Drawing in machine. When order of new quality is received it needs to be designed for the loom to work on. If manually this process is done the time required to feed the new design in the loom would be around 16 hours. The time CIL takes to do the same task is just 2 hours with better efficiency. This automated machine is only available at CIL and increases order fulfilment speed. The power requirement for the setup of 418 looms, compressor fleets and other support functions is 8MW. The cost of power i. e. electricity is reduced to a greater extent by manufacturing through its own power generation system which produces 10MW through Natural gas. Moreover for an uninterrupted supply of electricity CIL has its own grid station. Similarly CIL’s own compressors fleet decreases the cost of raw material i. e. compressed air which prevents the machinery from heating up and maintain humidity and temperatures. Capacity Capacity or the production of looms greatly depends upon the quality of fabric. If fabric is of high quality production will be less. The reason behind this is high quality fabric uses fine threads. Production also depends upon the number of threads used in manufacturing. 6 million meters per month approx production has been recorded by CIL. Initially there were 120 looms at CIL. Capacity addition was done in March 2005 and 154 looms were added. Capacity addition for the 2nd time was done at the end of 3rd quarter by adding 144 looms making production capacity of 6. 0 million meters fabric per month. Core Services and Value Added Services The core service of CIL is grey fabric manufacturing. They don’t provide internal information of accounts, operations etc. to external people. However they provide samples to their clients which are sales support. Field support is also not easy in this weaving business but they do rectify the error within the specified time. Fail Safing techniques Automated motion sensors Automated motion sensors stop the process of creeling, sizing and weaving whenever a thread breaks down or any error appears in the process. This prevents errors from increasing. Online Inspection System Online Inspection system is a manual system by which errors can be checked by mills manager. The data is fed to the system by operators and is evaluated by mills manager for removal of errors. During Production Checks Technicians and operators are responsible for checking and removing the errors during production. After Production Checks Inspection and folding department rectifies error if it still exists before packing. After packing the order is randomly checked so that client gets error free order. Process Selection The type of processes they are using at the most basic level is Fabrication rocess that means Colony Industry converts their raw material i. e. raw yarn to grey fabric. Grey fabric is the form of fabric before printing or dying. This process of fabrication is termed as Weaving in the terminology of Textile business. Yarn flow is organized in the factory by process technology known as batch shop. Yarn is retrieved from yarn procurement department as the order is receive d for the production of grey fabric and then it is processed in the form of batches or order. Mill consists of 3 Units each having 2 Sheds which are control units. Hierarchy of authority is in Appendix. Each Unit is headed by Mills manger and so on. Production in charge are responsible for 60, senior technicians for 16 and Operators for 4-6 looms. Warping Creeling Quality Check Yarn High Spinning Mill Low Sizing Head Stock Warper Beams Drawing In Sizing Roll Inspection Bales Packaging Weaving Approve Pallets Disapprove Storage Treatable Treat Yes No Waste No Flow Chart Marketing department receives order and transfer production order to the mill. Mill staff plans the order and tells yarn procurement department for yarn purchase. This department purchases yarn from colony’s spinning mill and other spinning mills. The yarn is not stored at the mill but it is received from the source when needed. Once yarn is received by the mill it is sent to quality check department for inspection where yarn is weighed and tested for hair and tension. If the yarn is not approved, it is sent back to the source otherwise it is transferred to the next department. This yarn is in the form of spindles which is loaded on creeling machine manually. Then the process of warping starts in which these spindles are unrolled and rolled on the warping beams which are then transferred for sizing. In the process of sizing, starch and polyvinyl along with some other chemicals and water are cooked and applied to the yarn. This process makes yarn able to go through the next steps by increasing its strength and elasticity. After drying the yarn, ends are separated in a manner that they do not stick to each other. This dried yarn is rolled on temporary storage which has the size according to the width of the cloth known as sizing head stock. After the process of drawing in as explained previously, it is injected to the loom for the process of weaving. The temperature is controlled by a special system of compressor fleet. Once weaving is done, inspection of each inch of cloth is done for quality assurance where decision is made regarding acceptance, rejection and mending of cloth. After approval, it is sent for packing as mentioned in production order and if fabric is not approved, it is mended otherwise it is sent to the waste. Back Process: In Warping, the whole set-up is of Ben-Direct Benninger V 1080/2400. Colony Ind. has 6 Warping machines with the Creel Capacity of 1080 each. Each machine is with the electronic sensors for the tracing of broken ends. In Sizing, Colony has the Ben-Sizetech Zell KVE, Creel 32 WW/4000 machines. Colony has 4 Sizing machines, 3 with the Head Stock size of 4 meters. Total Creel Capacity ranges from 16 (1 m/c) to 28 (1 m/c) till 32 (2 m/c’s). The Sizing machine is with pre-wet technology with double dip sow-box. Colony has an additional facility of Beam Stacker which is not found anywhere else in Pakistan. Colony is equipped with 2 Beam Stacker from Formia Nova of Italy with total of 65 bars holding the capacity of 195 no of beams for Narrow & 130 no of beams for Wider. DRAWING-IN Colony has the state of the art 2 Automatic Drawing-In machine which is found rare in Pakistan. One machine is from Staubli (Delta 110-4) which has the capacity of 150,000 ends/day filling with the speed of 140 threads/min. The 2nd machine is from EL&M S. P. A (Super Vega) which has the 80 threads/min filling speed. Weaving Colony has the total production of 6. 00 million meters fabric/month with 418 looms all of Toyota JAT 710 in production. In the 190 cm section (Narrow looms), they have 180 looms, 24 with the batching motions. Folding machines has the total capacity of 25k/shift/machine. Rolling machine is with the production of 10000 meters fabric/shift/machine Quality Inspection/folding is the process for quality checks. In this process each inch of fabric is inspected. The quality of fabric depends upon the discretion of client and is checked according to the efficiency of loom stated in Production Order. Price also increases with the fineness of the fabric. During the process if any defect is found than it is decided according to the nature of the defect whether to allow it or treat the fabric. Then fabric is categorized into three grades A, B and C. A is finest category and is considered to be of export quality, while B and C are of lower quality. They follow 4 point system which allows maximum of 4 errors and is world wide accepted. Colony has fully equipped Quality Lab with all kind of testing equipments including the Uster Tester 4 for yarn checking. Quality Lab make sure that there is no compromise in the quality of the yarn used & the fabric produced. The whole set-up has the check points from Quality Department from Back Process to Article, from Inspection to packing, thus resulting in the production of 1st class A-Grade fabric as committed. Colony has the Wrapping Reel from Mesdan Italy with the Model # S-389 A used for the making of lea. It follows the ASTM standard ofD-1907-01. Auto Sorter is from Uster Switzerland with the Model PR 503 DR. Most Important machine in the Lab of colony is Uster UT -4 with the Model SE 400101-02100. Make of UT-4 is from Uster Switzerland for the checking of IPI’s in the yarn. For the checking of Hairiness in the yarn, colony has the Hairiness Tester from Zweigle Germany with the Model G-567. To check the Tear Strength of the fabric, colony has the Tear Strength Tester from Zweigle Germany with the model FX-3750. Their primary focus is quality because CIL is export based company. If quality is not up to the mark clients move to Bangladesh and China because they provide cheap products with low quality. Pakistani fabric is famous for its high quality and perfection. Recommendations: 1. Sales of local sector are dependent on few companies. The proportion of sales should be changed so that colony’s risk is minimized. This will also help in improving performance as it will result in sale increase. 2. Sale per order should be considered and goal should be â€Å"the more worth of order, higher should be the frequency of order. 3. Monitoring systems that allows online communication and control of looms should be installed to manage the system more accurately. 4. Employees should be decreased by bringing in automated creeling machine which reduces the time by automatically removing the spindles once the thread is removed from them. 5. Operations focus should be on wide looms as they have said that these wide looms have generated greater inflows. 6. Capacity addition should be kept in view as it has been around 3 years now before the last addition was made. 7. Training of employees by sending them to technical institutes abroad should be done as fail safing technique to reduce the chance of defect in the fabric. 8. Colony has fewer inflows in exports and greater in local therefore sales efforts should be engaged to increase local orders and increase inflows from exports. 9. Colony should use ingredient branding like they can market their cloth by informing clients about the brand of Looms Company have installed. 10. Operations policy should be made and reviewed continuously. Every employee should be involved in designing the policy. Appendix

African American Civil Rights Short Essay

A century of slavery and half a century of Jim Crows segregation laws, the African American people were finally victorious when the civil rights act of 1964 and the Voting Rights act of 1965 were passed. The Civil Rights Act of 1964 outlawed major forms of discrimination against racial, ethnic, national and religious minorities and women. Congress finally asserted their authority to regulate interstate commerce under Article One (section 8). Their duty is to guarantee all citizens equal protection including African Americans under the laws of the Fourteenth Amendment. Also the fourteenth Amendment protects voting rights under the Fifteenth Amendment, which prohibits the government from denying any citizen the ability, or right to vote based on race or color. For so long African Americans have been held back due to slavery and Jim Crow laws. After Plessy v. Ferguson (1896) racial segregation was necessary in all public facilities under the doctrine of â€Å"separate but equal†. The fact of the matter is that whites and blacks were never equal, just separate. Jim Crow laws were adopted throughout the south to alienate black citizens and physically separate African Americans and whites. These laws institutionalized segregation of African Americans and whites and did not allow access use of the same schools, hospitals, prisons, public parks, housing communities, and even restrooms. Lets remember these facilities were completely unequal. The white facilities were obviously more luxurious in every way, and throughout the whole country it was obvious that in no section blacks were treated equal. The most important goal of these laws was to keep blacks from voting. Whites realized that once blacks were able to vote freely they truly were equal to every citizen. The best way they kept blacks from voting was through literacy tests. Through all the efforts whites were putting to keep blacks from voting they have been successful allowing less than 10% of blacks voting in the south in 1910. These segregation laws stayed until Brown v. Board of Education (1954), which overturned the ruling of Plessy v. Ferguson. The decision stated that separate educational facilities are inherently unequal. It was realized after this that racial segregation was ruled a violation of the equal protection clause of the Fourteenth Amendment. This decision paved the way for integration in the south and throughout the United States and was a major win in the civil rights movement. Blacks were most successfully when they were organized. The organized bus boycott, sit-ins, freedom rides, and march on Washington brought national attention to the war on civil rights. Martin Luther King Jr. led these events; his â€Å"I Have a Dream† speech is world famous now due to the significance of the civil rights movement. These demonstrations were pivotal for the African American community in declaring their liberty. Finally when the Civil rights Act of 1964 passed along with the Voting Rights Act of 1965, discrimination because of race was outlawed and any color human being could vote. Blacks were finally free and were the true winners of the civil rights movement 1950s and 1960s. They were finally equal and there rights were fully instilled. (Sources: The Logic of American Politics) African American Civil Rights Short Essay A century of slavery and half a century of Jim Crows segregation laws, the African American people were finally victorious when the civil rights act of 1964 and the Voting Rights act of 1965 were passed. The Civil Rights Act of 1964 outlawed major forms of discrimination against racial, ethnic, national and religious minorities and women. Congress finally asserted their authority to regulate interstate commerce under Article One (section 8). Their duty is to guarantee all citizens equal protection including African Americans under the laws of the Fourteenth Amendment. Also the fourteenth Amendment protects voting rights under the Fifteenth Amendment, which prohibits the government from denying any citizen the ability, or right to vote based on race or color. For so long African Americans have been held back due to slavery and Jim Crow laws. After Plessy v. Ferguson (1896) racial segregation was necessary in all public facilities under the doctrine of â€Å"separate but equal†. The fact of the matter is that whites and blacks were never equal, just separate. Jim Crow laws were adopted throughout the south to alienate black citizens and physically separate African Americans and whites. These laws institutionalized segregation of African Americans and whites and did not allow access use of the same schools, hospitals, prisons, public parks, housing communities, and even restrooms. Lets remember these facilities were completely unequal. The white facilities were obviously more luxurious in every way, and throughout the whole country it was obvious that in no section blacks were treated equal. The most important goal of these laws was to keep blacks from voting. Whites realized that once blacks were able to vote freely they truly were equal to every citizen. The best way they kept blacks from voting was through literacy tests. Through all the efforts whites were putting to keep blacks from voting they have been successful allowing less than 10% of blacks voting in the south in 1910. These segregation laws stayed until Brown v. Board of Education (1954), which overturned the ruling of Plessy v. Ferguson. The decision stated that separate educational facilities are inherently unequal. It was realized after this that racial segregation was ruled a violation of the equal protection clause of the Fourteenth Amendment. This decision paved the way for integration in the south and throughout the United States and was a major win in the civil rights movement. Blacks were most successfully when they were organized. The organized bus boycott, sit-ins, freedom rides, and march on Washington brought national attention to the war on civil rights. Martin Luther King Jr. led these events; his â€Å"I Have a Dream† speech is world famous now due to the significance of the civil rights movement. These demonstrations were pivotal for the African American community in declaring their liberty. Finally when the Civil rights Act of 1964 passed along with the Voting Rights Act of 1965, discrimination because of race was outlawed and any color human being could vote. Blacks were finally free and were the true winners of the civil rights movement 1950s and 1960s. They were finally equal and there rights were fully instilled. (Sources: The Logic of American Politics)

The Devine Michelangelo and Rapheal A Mortal God videos criticism Essay

The Devine Michelangelo and Rapheal A Mortal God videos criticism - Essay Example In an effort to recreate and retell the stories of these two classical artists, BBC, in association with acclaimed directors like Bernard Hill and Sydney Kean, produced informative documentary films. These films are; Raphael – A Mortal God and The Devine Michelangelo. In 2004, BBC created a drama-documentary on the life and works of Raphael. Raphael – A Mortal God was directed by John Holdsworth. The film, which runs for 60 minutes, was released in January 2004. In the film, Bernard Hill takes the role of a background narrator. Among the key cast members include McKenna, acting as Pope Julius 2 and Joe McFadden acting as Raphael. The documentary is educational in nature (Weyant). It covers on the life and heydays of Raphael as one of the most colorful artists of Renaissance Italy. In order to enhance understanding, the documentary shows graphical representations of Raphael’s work. In addition, motion pictures depicting characters and scenes synonymous to those of Renaissance Rome are used. Personally, I think the documentary on Raphael – A Mortal God is successfully inspired. As an educational documentary, Raphael – A Mortal God captures a viewer’s attention through a recognizable conflict between the characters and the environmental context of the story. As a means of developing the dramatic curve of Raphael’s story, Bernard Hill takes a reserved stage and narrates events in a contrasting manner. For example, Raphael succeeded as an artist because he employed experimental techniques instead of adhering to conventional artistic techniques of renaissance art. In depicting Raphael’s conflict with conventional techniques of renaissance art, the film uses audio and visual medium in alienating the artist in respect to the background context (Weyant). Despite the documentary’s success in certain aspects, there is an apparent inadequacy in the use of motion pictures. In addition, the

CORPORATE FINANCE Essay Example | Topics and Well Written Essays - 500 words - 2

CORPORATE FINANCE - Essay Example ssaro has also provided clear reasoning to the businesses as to why they should not be unsure or fear reinventing the business to cope with the market changes and the complete global financial crisis. Based on the responses that the author has provided, I completely agree with the author. The recommendations like understanding that review means a lot for companies especially in times of recession. As the author has discussed, the decision involves a number of people, and also involves quick and accurate decision been taken by the management of the firms. I completely agree with the recommendations that have been provided by the writer. Massaro has provided clear cut out issues, solutions and recommendations for companies. The recommendations that have been provided show a very positive possibility for the firms to be able to overcome the recession and continue to make profits. It is also seen that the author has taken care in ensuring that the steps are expressed in simple terms and is not too technical hence can be used by any industry and any business size. A stockholder dropped by my office the other day and brought up a very interesting and important question. She said that as a company grows, agency problems develop within the company. Of course I nodded knowingly. She asked how we were going to help reduce the agency issues at the top executive level. She left and I started to look up definitions. Do you have any way of helping me get her an answer? What do we do to reduce this agency problem thing? How do we measure the top executives, what other safeguards do we establish to make sure no one is harming the company or its stockholders? Agency problems are a common issue that is found in companies. This normally occurs when there is a conflict of interest between the creditors, management and also the shareholders. This is majorly due to differences in the goals. Having agency problems in a company can lead to increased costs that the company requires to

Describe the reasons advanced to justify discrimination against Essay

Describe the reasons advanced to justify discrimination against Catholics and free African Americans in the United States until the Civil War. How did Nativists - Essay Example The discrimination against Irish Catholics lessened during and after the Civil War, but the discrimination against free African Americans during and after the Civil War increased. Before, during, and after the American Revolution up until the American Civil War Irish Catholics were discriminated against. The first reason for the discrimination was attitudes carried from Europe. Since the Reformation spread in England, resulting in Henry VII breaking off with the Pope, Protestants clashed with Catholics. Protestants were the majority of settlers and founders in the United States. The government, schools, and social aspect of the United States was built upon Protestant values. This attitude led to the discrimination against Irish Catholics. The second attitude concerned the Irish and English long standing dispute over the English rule in Ireland. These attitudes from the old world carried over into the new world. Religious differences also were used to justify discrimination against Irish Catholics. Protestants were frightened that the Pope would try and conquer or exert control over the newly formed United States if the Irish Catholics settled in the new land. For the Protestants practicing Catholicism meant disloyalty to the United States, due to a Catholic’s allegiance towards the Pope. The United States had just held a successful revolution against a king; they did not want to be subjects of another one. Even though this logic seemed far fetched, many Protestants feared Catholic domination. Finally, other ethnic groups wanting to fit in with the Protestants discriminated against the Irish Catholics in order to be more American. For example, German Protestants would discriminate against Irish Catholics to fit in better with the new Protestant society. It did not matter what ethnic group an individual was from in the United States, but whether or not the group

Boston Beer Company Essay Example | Topics and Well Written Essays - 2500 words

Boston Beer Company - Essay Example The trend all these ratios have over time is analyzed to check if they are deteriorating or improving (Steffy, Zearley & Strunk, 1974). Comparative valuations of different companies belonging to the same sector are also carried out in order to see how they stack up, and also to get an idea of their comparative performance (Sen, 2008). Ratio analysis is a very important factor of fundamental analysis (Johri, 2010). Although there is abundance of financial ratios, investors are mostly familiar with a few key ratios, especially the ones that are comparatively easy to calculate. A few of these ratios are the current ratio, the debt-equity ratio, return on equity, the price/earnings ratio and the dividend payout ratio. (Muhammad Arif Ghani, 2007) Most companies have some values, for a specific ratio, that have a certain range. A company may be assumed to be grossly overvalued or undervalued depending on the ratio figured out provided the ratio does not fall in that range. Keeping in view the fact that a ratio which is acceptable for one industry may be considered as much more high in another, therefore the ratios are generally compared for those companies which are in operations in the same sector. A good example may be; companies in utilities sectors typically have high debt-equity ratios, but the same ratio may be considered as unsustainably high for a technology company (Palepu, Bernard & Healy, 1996). Ratio analysis can be very useful in providing an early warning of a potential deterioration or improvement in the financial performance or situation of a company. To find for any such hints, the experts and analysts does engage in extensive ratio calculations of the financial data in quarterly financial reports of a company (Cadle, Paul & Yeates, 2010). Generally, successful companies show solid ratios in all the areas, and a small hint of weakness in a single area may

Knowledge Management. Chunnel Project FTA Final Research Paper

Knowledge Management. Chunnel Project FTA Final - Research Paper Example The Chunnel project faced innumerable challenges in its initiation phase. When there is lack of scope then it leads to resource planning, cost estimating as well as budgeting difficulties. Furthermore, the other challenge faced by Chunnel was related to air-conditioning cost as well as formation of Intergovernmental Commission (IGC). The project was bid at US$5.5 billion but it completed at US$14.9 billion. The project took extra US$8.4 billion of funds to complete successfully. It was also noted that the project required additional 19 months to complete. The main reasons behind the delay in the project were the alteration in the decision made by the IGC. It was noted that the decision of IGC to alter the design of the Eurotunnel from 600 mm doors to nearly 700 mm doors deferred the project to 9 months. It was because of the contractual agreement the project was not capable of paying much attention towards teamwork. During the course of the project, it was difficult for the team memb ers to come to a mutually agreeable solution when confronted with material issues because of the incomplete requirements as well as scope changes. Therefore, lack of communication seemed to be one of the significant challenges faced by Chunnel. During the development step, the project faced issues related to lack of investment in team building. Furthermore, project office did not consider previously leant lessons while preparing the project details. The project was making use of new technology and furthermore, it was an underground construction which was considered as a challenging task for the project manager and the workers. The control of the project was in the hands of financing banks as well as construction companies that paid due attention towards the factors of profit maximization as well as risk maximization. However, there was lack of focus upon the task of operations. With the implementation of the knowledge management