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The production of the company mainly depends on the raw materials purchased from most of the neighboring states as well as North Indian States. For example, chemicals required for production are bought from Maharashtra, Oil and pigments are purchased from Puna, resins from Indore and extendrs from Uttar Pradesh and so on.
Before the production starts, the raw material purchased will be tested by the company in their own lab for quality certification. After testing, the raw-materials will be sent to the raw material stores and then to production unit. The raw material is issued in FIFO method (First In First Out) and the finished goods will be issued in LIFO method (Last In First Out).
The production is carried on in varnish unit, paint unit, powder distemper unit; oil bound distemper unit, sealing wax unit and ink unit. The production of the products depends on the demand from the buyers. Basically the demand is from the industrial side.
In 1971, the company extended a joint venture agreement with AIK, as vast German company. This German Company provided technical assistance in manufacturing of sophisticated insulating varnishes which are used in the manufacturing of electronic equipment and machinery sales as generation transformer etc. But, the demand for the above products has considerably declined in recent days
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RESEARCH AND DEVELOPMENT
The company is well equipped with R&D Development facilities. Though no new equipments were added during the previous financial year, every effort was made to improve the quality of the products manufactured.
BUDGET OF MPVL
The various budget prepared by the company are sales budget which is budgeted to Rs. 600 lakhs including indelible ink of Rs. 300 lakhs. The company has overdraft facilities upto Rs. 60 lakhs in State Bank of Mysore. Purchase budget is 60% of sales i.e., Rs. 360 lakhs.
SAFETY MEASURES OF THE COMPANY
The company has taken many safety measures for its employees. It has provided hand gloves, helmets, spectacles, anti-fire and anti-heat gowns to its employees, so that they are not exposed to work related health hazards.
OVERALL PICTURE OF COMPANY'S PRODUCTION, SALES AND
PROFIT
|
YEAR |
PRODUCTS |
TARGET FOR THE YEAR |
ACHIEVEMENT |
TOTAL SALES |
PROFIT EARNED |
DIVIDEND DECLARED |
|
2001-02 |
Paint |
Rs.300 |
Rs.320.38 |
Rs.605.86 |
Rs.48.74 |
10%
(Rs.10.36) |
|
Ind.Ink |
Rs.400 |
Rs.285.48 |
|
2002-03 |
Paint |
Rs.300 |
Rs.344.81 |
Rs.824.03 |
Rs.212.78 |
25%
(Rs.25.91) |
|
Ind.Ink |
Rs.400 |
Rs.479.22 |
|
2003-04 |
Paint |
Rs.350 |
Rs.342.89 |
Rs.924.36 |
Rs.133.66 |
20%
(Rs.20.73) |
|
Ind.Ink |
Rs.400 |
Rs.581.47 |
|
2004-05 |
Paint |
Rs.350 |
Rs.354.65 |
Rs.944.67 |
Rs.147.11 |
20%
(Rs.20.73) |
|
Ind.Ink |
Rs.400 |
Rs.590.02 |
|
2005-06
|
Paint |
Rs.350 |
Rs.355.36 |
Rs.1251.67 |
Rs.243.35 |
30%
(Rs.31.10) |
|
Ind.Ink |
Rs.450 |
Rs.896.31 |
|
2006-07 |
Paint |
Rs.350 |
Rs.364.11 |
Rs.1305.67 |
Rs.183.79 |
40%
(Rs.41.46) |
|
Ind. Ink |
Rs.450 |
Rs.941.55 |
|
2007-08 |
Paint |
Rs.400 |
Rs.393.95 |
Rs.895.05 |
Rs141.83 |
40%
(Rs.41.46) |
|
Ind.Ink |
Rs.450 |
Rs.501.10 |
CONTRIBUTION TOWARDS SOCIETY
 |
MPVL has donated towards the Kargil relief fund |
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MPVL has donated towards Gujarath Relief Fund |
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MPVL has donated towards Chief Minsters Relief Fund |
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MPVL has donated Paints to many religious institutions
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FUTURE PLANS OF
MPVL
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Planning to go for automation in its production
process.
-
Planning to target the neighboring southern
states of India.
-
Planning to acquire national test house
Certificate for its products.
-
Planning to strengthen its marketing division.
For this, MPVL has recruited many persons who
are specialized in the marketing field in order
to increase the demand for its product.
-
In order to create demand for its products, it
is planning to advertise its products in Radio,
Television, and Newspapers.
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Planning to improve the quality of its products
and production techniques. For this purpose,
MPVL is producing washable distemper by using a
new technique called Edge runner technique. The
company has installed small capacity units to
produce some materials, which the company used
to depend on outsider for the production.
-
MPVL is planning to setup soft water plant which
is used as a raw material for water based paint
and ink.
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MPVL currently accepts web orders and is
planning to continue and improve their service.
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