Ratan Textiles
3.5 out of 5 stars.
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Ratan Textiles Careers and Employment

About the company

  • Company size
    51 to 200
  • Industry
    Retail & Wholesale
  • Headquarters
    Jaipur
  • Link
    Ratan Textiles website

Established in 1985, and still growing, we are always struck with the bug to keep on trying new things. The rich experience of the founding family is being carried forward translating into slick and contemporary designs under the leadership of the third generation. Sticking to our roots and our traditions, we do not shy away from experimenting with the desires of the market, creating our own trends.

We aim to set global benchmarks with our quality standards not compromising on using sustainable and traditional arts such as hand-block, hand-screen and digital screen printing to our advantage. With us, the journey has always just begun.

Learn more

Reviews

Asst. Merchandising Manager in Jaipur, RJ
on September 21, 2014
work experience

a great work experience with Ratan textiles ,Here I have learned how to deal with day to day challenges with your full confidence .

Designer in Jaipur, Rajasthan
on September 23, 2020
Not recommended for people with passion.

- Good people but Very confused boss. - Good environment. - You get to explore but bosses are very restricted in mindset and choices. - Company doesn't stick to any format or way of working and constantly keeps changing it. - Very less salaries. No increment. - Mindset (which tbh is very cheap) is: if anyone is working for their passion, they SHOULDN'T wish and ask for money. - Long work hours (9-10 hr), No over time money, Very less holidays, very less bonus. - Employees work very much but that translate into production. Because boss keep changing mind and lack decision making. Collections are dragged for an year and designers, mercahndisers keep working on same thing 3-4 times as things keep changing. - Many lengthy decision with no solution and not sticking to any decision as well. - One person has to work on many things and still doesn't get paid for an individual's worth salary.

Merchandiser in Jaipur, Rajasthan
on June 13, 2020
Not good for future working and carrier.

Working culture good but there is issue with salary every time. I joined hear in 2017 and after that compny provide 1 increment in last 3 year to every employee.

Merchandiser in Jaipur, Rajasthan
on March 24, 2020
Very Good for long run

I worked here and found this company is a masterpiece and world-class work environment for all its staff. Salary always on time. All senior are very helpful in nature and love toward their junior.

Manager - Accounts & Finance in Jaipur
on March 13, 2014
Productive and work with fun place

A much loved home and fashion goods in textiles business is run by the Jain family for the last thirty years under Ratan Textiles Pvt. Ltd. The alluring textiles offered by RATAN are known for its rich colors and delicate patterns that are often nature inspired. The art and process of hand printing on fabric has evolved with the passage of time from textiles to handmade paper as well and has its own importance. It's a process that involves lot of creativity with the love of experienced artisans. Ratan Textiles Pvt. Ltd. has an advantage of a skilled workforce of over 300 personnel to produce products that combine traditional techniques with contemporary designs.

Some of major clients of Ratan Textiles Pvt. Ltd. are Cost plus Inc. (USA), Designers Guild (UK), Indiska (Sweden), Lisa Corti (Italy), Selkon (Japan), Target (Australia), Truworth (South Africa) etc. Ratan has its branch offices at Jaipur, Mumbai, New Delhi & Goa in India.

Tasks & Responsibilities:

 Prepare, examine, and analyze accounting records, financial statements and other financial reports to monthly close schedule.

 Facilitate and complete monthly close procedures.

 Prepare monthly accounts reconciliation (with banks and suppliers) and resolve any discrepancies.

 Perform various detailed month-end entries such as shared costs, financing costs (interest), project expenditure and depreciation.

 Execute bank account transfers as directed by Business Controller.

 Prepare cash payments and receipts journal entry.

 Assess accuracy, completeness, and conformance to reporting and procedural standards.

 Follow the financial procedures outlined in the company’s Finance Manual.

 Report to management regarding the finances.

 Establish charts of accounts and assign entries to proper accounts.

 Update and maintain the company’s budgets as per the Management’s guidelines.

 Develop, implement, modify and document record-keeping and accounting systems.

 Prepare forms and manuals for accounting and book-keeping personnel and direct their work activities.

 Coordinate and supervise the activities of the Finance Administrator based in the branch office.

 Provide recommendations on financial system developments and improvements.

 Survey operations to ascertain accounting needs and to recommend, develop and maintain solutions to business and financial problems.

 Advise management about issues such as resource utilization and the assumptions underlying budget forecasts.

 To look after all matters related to Taxation e.g. Sales Tax/VAT, Service Tax, Income Tax, TDS, Luxury Tax etc.

 To deal with Payroll Issues e.g. Salary, PF, ESI, other labour laws etc.

 Provide assistance in internal and external auditing services.

 Process orders in coordination with Procurement and issue payments as per agreed terms with suppliers.

 Monitor the Accounts Receivable and issue reminders to clients on late payments.

 Monitor the Accounts Payable and schedule payments to suppliers.

 Record, monitor and schedule all the recurring sales invoices and payables.

 Schedule periodic inventory counts and adjust the financial records based on the inventory count results.

 Assist with analyzing financial statements on a monthly basis and report on variances.

 Assist with external financial audits.

 Schedule weekly cash transfers to remote regional offices.

 Review vendor activity to ensure all monthly invoices have been received and processed.

 Review contract obligations to ensure all contract invoices have been received and processed.

 Perform the operating cash account reconciliation and related journal entries.

 Review and Finalizing Projects /Contracts to ensure Profitability based on Cost / Benefit Analysis.

 Preparation of various MIS Reports including Accounts Payable Reconciliation, Accounts Receivable Reconciliation, Cash Flow Report, Profit and Loss a/c, Balance Sheet on a monthly basis for the review of Top Management.

 Review and validate revision of budgets and prepare cash flow for projects.

 Other duties and projects as assigned.

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