The document provides information about Bharat Forge Limited, an Indian manufacturing company. It discusses the company's registered name, mission and vision statement, year of establishment, promoters, current turnover, growth statistics, major product lines, brands, location of operations, number of employees, and future plans. The document contains details about Bharat Forge's open die forging and closed die forging product lines.
This is a presentation from JSW Steel, one of the finalists at the 5th CII-GBC National
Award for Excellence in Water Management in 2008
The awards are in 2 categories, Within the Fence for work done on minimizing the organisations water footprint, and Beyond the Fence for work done in the community around the industry.
This presentation was in the "Within the Fence" category.
We thank CII and the respective companies for giving us permission to upload these presentations on the India Water Portal website for dissemination to a wider audience.
Industrial Training at Maruti Suzuki India Limited Gurgaon PlantAbhishek Mittal
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.
At MSIL I worked at Quality Control Department and the project I had worked upon was AOI - Automated Optical Inspection
AOI, automated optical inspection is an automated vision inspection of PCB during the manufacturing process. It is used to scan the inner layers and outer layers of PCB after the processes of etching and stripping. After scanning by AOI machine, the defects which do not meet the manufacturer’s requirement will be identified by the machine. In this way, AOI can detect problems early in the production process, so faults would not be passed to next production process and production cost could be saved. AOI uses visual methods to monitor printed circuit boards for defects. They are able to detect a variety of surface feature defects such as nodules, scratches and stains as well as the more familiar dimensional defects such as open circuits, shorts and thinning of the solder. They can also detect incorrect components, missing components and incorrectly placed components. As such they are able to perform all the visual checks performed previously by manual operators, and far more swiftly and accurately.
A STUDY OF JSW – AN INDIAN STEEL MANUFACTURING COMPANYKushal Shah
the world. The purpose of the study is to evaluate the actual condition and trend of the steel industry in India With Reference to Jsw Steel Company Growth. The steady growth of production and consumption indicates that India has set a higher growth path by the end of the decade. JSW Steel increased the size of its steel-making operations at a faster rate through both organic and inorganic routes. Currently, Jsw Steel in the midst of ramping up their operations further through the implementation of brownfield expansion projects. JSW Steel’s lower capital expenditure per tonnes leads to higher return profile. A lower gestation period and capex to set up a new facility lead to a higher return on capital and equity for JSW Steel. The franchise-based authorized retail format (Jsw Shoppe) create a sustainable differentiator for JSW Steel's exclusive value-added products and service offerings. Digital Marketing Through LinkedIn, Facebook and other Social Media to Interacting with Customer. Jsw Shoppe Is beneficial for not only Urban Market but for Rural Market Too. Jsw Steel Jsw Shoppe Case study use for Harvard case study of retail marketing. JSW Steel is also among the fastest-growing companies in India with 18.91% net sales of steel and 15% profit margin which is highest amongst steel industry competitors. JSW Steel has plans to increase its manufacturing capacity to 44-45 million tons per annum by 2030 from the present 19 million tonnes.
Executive Summary
Bharat Forge Limited, is the world's largest single-location forging company, with an annual output of over 4,03,750 TPA.
BFL is among the top 26 innovative companies in India.
The world's largest forging company with manufacturing facilities spread across India, Germany, Sweden etc.
It is India's largest manufacturer and exporter of automotive components.
BFL has a diversified global customer base including the top five CV & PV manufacturers in the world, automotive, power, oil and gas industries.
Introduction
Incorporated in 1961 by Neelkanthrao Kalyani BFL is the flagship company of the Pune-based Kalyani Group, which has interest in forging, auto components, specialty steels, infrastructure, renewable energy and specialty chemicals business.
Today it is the Largest forging company in the world.
The company operates in two main segments – manufacturing of automotive components (vehicles, diesel engines) and non-automotive components (railways, energy, construction equipment.)
As of 18-10-2016 stock value of BFL
BSE- Rs. 915.40 NSE-Rs. 916
(Source- MoneyControl)
Industrial Training Project Report on B.S.PPiyush Verma
B.S.P a unit of steel Authority of India Ltd. Inagurated at 1959 by the President of India Dr. Rajendra Prasad with a production capacity of 1.0 million ton.
B.S.P is Indian sole procedure for rails and heavy steel plates and major producer of structural.
The plant is the sole suppliers of the country’s longest rail tracks of 260 meters. With annual production capacity of 3.153MT
This is a presentation from JSW Steel, one of the finalists at the 5th CII-GBC National
Award for Excellence in Water Management in 2008
The awards are in 2 categories, Within the Fence for work done on minimizing the organisations water footprint, and Beyond the Fence for work done in the community around the industry.
This presentation was in the "Within the Fence" category.
We thank CII and the respective companies for giving us permission to upload these presentations on the India Water Portal website for dissemination to a wider audience.
Industrial Training at Maruti Suzuki India Limited Gurgaon PlantAbhishek Mittal
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation.
At MSIL I worked at Quality Control Department and the project I had worked upon was AOI - Automated Optical Inspection
AOI, automated optical inspection is an automated vision inspection of PCB during the manufacturing process. It is used to scan the inner layers and outer layers of PCB after the processes of etching and stripping. After scanning by AOI machine, the defects which do not meet the manufacturer’s requirement will be identified by the machine. In this way, AOI can detect problems early in the production process, so faults would not be passed to next production process and production cost could be saved. AOI uses visual methods to monitor printed circuit boards for defects. They are able to detect a variety of surface feature defects such as nodules, scratches and stains as well as the more familiar dimensional defects such as open circuits, shorts and thinning of the solder. They can also detect incorrect components, missing components and incorrectly placed components. As such they are able to perform all the visual checks performed previously by manual operators, and far more swiftly and accurately.
A STUDY OF JSW – AN INDIAN STEEL MANUFACTURING COMPANYKushal Shah
the world. The purpose of the study is to evaluate the actual condition and trend of the steel industry in India With Reference to Jsw Steel Company Growth. The steady growth of production and consumption indicates that India has set a higher growth path by the end of the decade. JSW Steel increased the size of its steel-making operations at a faster rate through both organic and inorganic routes. Currently, Jsw Steel in the midst of ramping up their operations further through the implementation of brownfield expansion projects. JSW Steel’s lower capital expenditure per tonnes leads to higher return profile. A lower gestation period and capex to set up a new facility lead to a higher return on capital and equity for JSW Steel. The franchise-based authorized retail format (Jsw Shoppe) create a sustainable differentiator for JSW Steel's exclusive value-added products and service offerings. Digital Marketing Through LinkedIn, Facebook and other Social Media to Interacting with Customer. Jsw Shoppe Is beneficial for not only Urban Market but for Rural Market Too. Jsw Steel Jsw Shoppe Case study use for Harvard case study of retail marketing. JSW Steel is also among the fastest-growing companies in India with 18.91% net sales of steel and 15% profit margin which is highest amongst steel industry competitors. JSW Steel has plans to increase its manufacturing capacity to 44-45 million tons per annum by 2030 from the present 19 million tonnes.
Executive Summary
Bharat Forge Limited, is the world's largest single-location forging company, with an annual output of over 4,03,750 TPA.
BFL is among the top 26 innovative companies in India.
The world's largest forging company with manufacturing facilities spread across India, Germany, Sweden etc.
It is India's largest manufacturer and exporter of automotive components.
BFL has a diversified global customer base including the top five CV & PV manufacturers in the world, automotive, power, oil and gas industries.
Introduction
Incorporated in 1961 by Neelkanthrao Kalyani BFL is the flagship company of the Pune-based Kalyani Group, which has interest in forging, auto components, specialty steels, infrastructure, renewable energy and specialty chemicals business.
Today it is the Largest forging company in the world.
The company operates in two main segments – manufacturing of automotive components (vehicles, diesel engines) and non-automotive components (railways, energy, construction equipment.)
As of 18-10-2016 stock value of BFL
BSE- Rs. 915.40 NSE-Rs. 916
(Source- MoneyControl)
Industrial Training Project Report on B.S.PPiyush Verma
B.S.P a unit of steel Authority of India Ltd. Inagurated at 1959 by the President of India Dr. Rajendra Prasad with a production capacity of 1.0 million ton.
B.S.P is Indian sole procedure for rails and heavy steel plates and major producer of structural.
The plant is the sole suppliers of the country’s longest rail tracks of 260 meters. With annual production capacity of 3.153MT
SUMMER INTERNSHIP TRAINING REPORT ON “EXPORT PROCEDURE, DOCUMENTATION & LOGIS...Aman Dwivedi
SUMMER INTERNSHIP TRAINING REPORT
ON
“EXPORT PROCEDURE, DOCUMENTATION & LOGISTICS”
AT
FLEXITUFF INTERNATIONAL LIMITED PITHAMPUR
INFRASTRUCTURE
BRIEF ABOUT ‘SEZ’ PLANT
CHAPTER 1
INTRODUCTION
HISTORY
OBJECTIVES OF THE ORGANISATION
VISION OF THE ORGANISATION
LAWS APPLICABLE SPECIFICALLY TO THE COMPANY
ORGANIZATION STRUCTURE
WELFARE ACTIVITY OF FLEXITUFF
POLICY OF FLEXITUFF INTERNATIONAL LTD.
AWARDS AND ACCREDIATIONS
FLEXITUFF FLAG MARKS
CLIENTS
COMPITIORS
CHAPTER 2
OBJECTIVE OF THE STUDY
PLANT VISIT DURING INDUCTION
LEARNING DURING INDUCTION
OTHER LEARNING
CHAPTER 3
TYPES OF BAGS FLEXITUFF MANUFACTURING
CAPACITY OF THE PLANT
FIBC MANUFACTURING PROCESS
DESCRIPTION OF MANUFACTURING PROCESS
DESCRIPTION OF VARIOUS QUALITY METHODS
CHAPTER 4
INTRODUCTION TO EXPORT MARKETING
DEFINITION OF EXPORT MARKETING
TASK OF EXPORT MARKETING DEPARTMENT
PROCESS OF EXPORT MARKETING
IMPORTANCE OF EXPORT MARKETING
PROBLEMS FACED BY INDIAN EXPORTERS
DOCUMENTATION PROCESS
INTERNATIONAL COMMERCIAL TERMS
INTERNATIONAL SHIPPING TERMS
INTERNATIONAL SHIPPING DOCUMENTS
COUSTOM CLEARENCE OF EXPORT DOCUMENTS
CHAPTER 5
LOGISTICS
TASK OF LOGISTICS
TRANSPORT FUNCTION IN FLEXITUFF INTERNATIONAL
TASK OF LOGISTICS IN SIMPLIFIED STEPS
CHAPTER 6
SWOT ANALYSIS OF FLEXITUFF INTERNATIONAL LTD.
SPECIAL POINT OBSERVED BY ME
CONCLUSION
ANNEXURE
BIBLIOGRAPHY
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Sustainability: Balancing the Environment, Equity & Economy
Project report on Bharat forge
1. PROJECT REPORT
ON
“THE PROCEDURE OF IMPORT AND
EXPORT OF BHARAT FORGE”
Submitted for the partial fulfillment of the requirement for the
Award of the degree
Of
Post Graduate Diploma in Import & Export
Management (PGDIEM)
SUBMITTED TO: SUBMITTED BY:
MRS. APEKSHA SOMWNSHI ESHAN RASTOGI
FACULTY PGDIEM
SINHGAD INSTITUTE OF MANAGEMENT
VADGAON(BK), PUNE.
(AFFILIATED TO PUNE UNIVERSITY, PUNE).
2. ACKNOWLEDEMENT
It has been honour and privilege to do my project on the subject
IMPORT AND EXPORT OF BHARAT FORGE. I take this an
opportunity to communicate my sincere thanks and regards to
everyone who had contribute to my project and helped me
successfully completion.
This project report couldn’t have been completed without the
guidance of my project guide PROF. APEKSHA SOMWNSHI.
I express my sincere thanks and gratitude to the above stated person
who have helped in directly and also to those who have helped me
directly.
At last I am thankful to honourable director DR. RUPALI JAIN to
give us an opportunity to experience the concrete reality of the
project.
ESHAN RASTOGI
PGDIEM
SIOM, PUNE
3. TABLE OF CONTENTS
S.NO. CONTENTS
1 Registered name of company
2 Mission & Vision Statement
3 Year Of Establishment
4 Promoters
5 Current Turnover
6 Growth Statistics Over Past Five Year
7 Major Product Line
8 Major Brands Offered Under Each Product Line
9 Operation Location Of Subsidiaries, Branch Office,
Corporate Office
10 Number of Employees
11 Recognition/Awards
12 Market share
13 Major Competitors
14 Corporate Strategy
15 Total Export F.Y 2010 – 2011
16 Major Importing/Exporting Countries
17 List Of Goods/Services Exported By The Company
18 Future Plans
19 Export Import Procedures
20 CSR Activities
5. REGISTERED NAME OF THE COMPANY
Bharat Forge Ltd., the flagship company of the US $ 1.25 billion
Kalyani Group, is a 'Full Service Supplier' of engine & chassis
components. It is the largest exporter of auto components from India
and leading chassis component manufacturer in the world.
With manufacturing facilities spread over 6 locations - two in India,
three in Germany and one in North America, the
company manufactures a wide range of safety and critical components
for passenger cars, commercial vehicles and diesel engines. The
company also manufactures specialized components for the railway,
construction equipment, oil & gas and other industries. It is capable of
producing large volume parts in both steel and aluminum. Bharat
Forge has built up a strong capability in design and engineering,
including a full fledged product testing and validation facility, which
gives Bharat Forge a Full Service Supply Capability -
from product conceptualization to designing to manufacturing
and product testing & validation.
6. MISSION & VISION STATEMENT
Ø To be a world class organization and a leader in every aspect of
our business
Ø To aggressively grow business by accessing global markets
Ø To deliver products and services of uncompromising quality and
integrity consistent with the Kalyani brand and image
Ø To be committed to listening and responding to the needs of our
customers, associates and business partners and honoring their
individual value
Ø To be committed to an entrepreneurial spirit that fuels the
growth of our companies and increases shareholder value.
YEAR OF ESTABLISHMENT
Bharat Forge Limited established in the year 1961
7. PROMOTERS
Sr.No Name the Director Category
B.N. Kalyani
1 Chairman & Managing Promoter, Executive and Managing Director
Director
2 S.M. Thakore Non-executive, Independent
3 S.D. Kulkarni Non-executive, Independent
4 P.G. Pawar Non-executive, Independent
5 Dr. Uwe Loos Non-executive, Independent
6 P.C. Bhalerao Non-executive Director
7 Lalita D. Gupte Non-executive, Independent
8 P.H. Ravikumar Non-executive, Independent
9 Alan Spencer Non-executive, Independent
10 Naresh Narad* Non-executive, Independent
11 Dr. T. Mukherjee ** Non-executive, Independent
G.K. Agarwal
12 Deputy Managing Executive
Director
Amit Kalyani
13 Executive
Executive Director
B.P. Kalyani
14 Executive
Executive Director
S.E. Tandale
15 Executive
Executive Director
Sunil Kumar Chaturvedi
16 Executive
Executive Director
8. CURRENT TURNOVER
Bharat Forge limited current turnover is 1.3$ million
GROWTH STATISICS OVER PAST FIVE YEAR
Today, Bharat Forge operates in three continents: Europe,
North America and Asia. Over the last four years, the
Company has successfully made several acquisitions: Carl Dan
Peddinghaus and CDP Aluminiumtechnik (in Germany), Imatra
Kilsta AB (in Sweden), and Federal Forge in the USA. BFL also
has a majority stake in a joint venture with First Auto Works
(FAW) called FAW Bharat Forge (Changchun) Company Limited
that operates in China.
These businesses, along with Bharat Forge’s Indian operations
form the global BFL group — whose performance gets
reflected in the consolidated accounts of Bharat Forge
Limited.
The standalone & consolidated financial performance is
detailed below (figures in Rs Million)
9. STANDALONE FINANCIAL PERFORMACE OF
THE LAST 5 YEARS
FY 2011 FY 2010 FY 2009 FY 2008 FY 2007
Total Income 29,935.47 18,887 21,064 22,849 19,453
EBIDTA 7,623.18 4,693 4,075 6,105 5,485
PBT 4,476.08 1,807 1,577 3,970 3,598
PAT 3,105.67 1,270 1,033 2,736 2,410
FINANCIAL PERFORMANCE
(CONSOLIDATED)
FY
FY 2010 FY 2009 FY 2008 FY 2007 FY 2006
2011
Total Income 51,544.41 33,787 48,427 47,516 42,752 30,851
EBIDTA 8,522.34 3,896 5,214 8,038 7,433 5,889
PBT after
4,444.80 (645) 1,107 4,498 4,363 3,925
Exceptional Item
PAT after
2,899.06 (634) 583 3,015 2,906 2,505
Minority interest
10. MAJOR PRODUCT LINE
Ø Closed Die Forging
Ø Crankshaft
Ø Front Axle Beams
Ø Steering Knuckle
Ø Connecting Rods
Ø Rocker Arm
Ø Transmission Parts
Ø Hubs
Ø Oil & Gas
Ø Open Die Forging
11. MAJOR BRANDS OFFERED UNDER EACH
PRODUCT LINE
OPEN DIE FORGINGS
The company currently has one 1600T double column pull-down type
press with material handling, heat treatment facilities and supporting
machining facilities to address the forging needs of the following
sectors.
Sugar Industry (Fully /Semi Machined)
Steel Plants
Mining
Fan and Pump
Tools & Plastic Injection Moulding
Cement Industry
Gear Manufacturing and Material Handling
Marine
Oil & Gas
Forging Industry
Wind Energy
12. The company is currently expanding its Open Die forging capabilities
by installing a 4000T press line with material handling and heat
treatment facilities.
14. STEEL INDUSTRY
· Blooming Mill Rolls
· Universal Couplings
· Wobblers
· Roll blanks for Cold Rolling Mills
· Hardened Hot Rolling Mill Rolls for slab, plate mills, etc.
· Trunnioms
19. FORGING INDUSTRY
· Die Blocks (DIN 2714 grade)
· Crankshafts for upsetters
· Container Assembly for Aluminium extrusion
· Ready to assemble Hammer Spares like Rams / Tups / Sow
Blocks
30. RECOGNITION /AWARDS
2011
Bharat Forge receives the prestigious ‘Golden Peacock Innovative
Product / Service Award – 2011’
Bharat Forge Limited wins the 6th Annual CIO Awards 2011
ITI Khed awarded Educational Excellence Award
Bharat Forge receives the Golden Peacock Award for Best HR
Practices – 2011
Baba Kalyani receives the highest French civilian award : "Chevalier
de l’Ordre de la Legion d’Honneur
Bharat Forge receives India Shining Star CSR Award
Chairman, Mr. B N Kalyani honored with the Udyog Ratna Award
for 2010-11
2010
Bharat Forge Limited honoured with the INS Industrial Excellence
Award
Bharat Forge receives the EEPC India National Award for Export
Excellence 2009 - 2010
BABA KALYANI DECORATED WITH COMMANDER FIRST
CLASS OF THE ROYAL ORDER OF THE POLAR STAR
2009
Bharat Forge receives National Award for Best HR Practices – 2009
Bharat Forge receives the Golden Peacock Award for Occupational
Health and Safety – 2009
31. 2008
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
honoured with the Prestigious Padma Bhushan Award
2006
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
honoured with the 7th Annual Ernst & Young Entrepreneur of the
Year Award Manufacturing - 2005
Bharat Forge receives the IGCC Award for the Year 2005
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
Limited awarded the Global Entrepreneur of the Year Award.
Mr. B N Kalyani Chairman and Managing Director, Bharat Forge
receives the Rashtra Bhushan Puraskar
2005
Bharat Forge awarded with the Outstanding Organization Award
2004
Bharat Forge receives the Best Value Creator Company Award at the
Third Annual Outlook Money Awards 2004
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
receives the Business Standard CEO of the Year 2004
Bharat Forge included in Forbes 'Best under a Billion' list for the
third consecutive year
2004
Bharat Forge included in Forbes ‘Best under a Billion’ list for the
second consecutive year
32. MARKET SHARE
SYMBOL NAME LAST TYPE EXCHAN
TRADE GE
BHARATFORST.BO BHARAT 283.15 STOCK BSE
FORGE
BHARATFORG.BO BHARAT 322.65 STOCK BSE
FORGE
LTD
BHARATFOR.NS BHARAT 322.80 STOCK BSE
FORGE
LTD
BHARAT_a.NS BHARAT 326.00 STOCK BSE
FORGE CO
LTD
BHARATFOQF.BO BHARAT 320.40 STOCK BSE
FORGE
33. MAJOR COMPETITORS
v Aditya Forge Ltd
v Ahmednagar Forgings Ltd
v BCL Forgings Ltd
v EL forge Ltd
v Hilton Metal Forging ltd
v Kalyani Forge Ltd
v LGB Forge Ltd
v M M Forgings Ltd
v Mahindra Forgings Ltd
v Micro Forge ( India) Ltd
v Patheja Forgings & Auto Parts Manufactures Ltd
v Pradeep Metal Ltd
v Rajkumar Forge Ltd
v Pamkrishna Forgings Ltd
v SS Forging & Engineering Ltd
34. CORPORATE STRATEGY
At the Kalyani Group, the key to successful marketing is a thorough
understanding of the environment in which your business operates,
your position in the market place, products and service opportunities,
competition, and most of all changing customer need.
With a business experience of 27 years, Group Chairman, Mr B N
Kalyani believes that the ability to innovate and change is critical to
the ongoing success of any business. Anticipating what the future may
bring and predicting the needs of customers in a fast changing
marketplace can be extremely difficult; yet that really is the basis of
any strategy.
POSITIONING
“Kalyani Group Companies are positioned No.1 or No.2 in all main
businesses in the Indian Market and are also exporting to international
OEM’s”
Ø 1 in Forging & Machined components
Ø 1 in Axle Aggregates in India
Ø 1 in Wheels in India
Ø 1 in Alloy Steel
35. TOTAL EXPORT F.Y 2010 – 2011
Top‐line growth ahead of estimates: Bharat Forge (BFL) reported
26.6% YoY growth in its top-line at Rs9.1bn (PLe-Rs8.7bn) on
account of an improvement of 57.6% YoY in export revenues at
Rs4.3bn (Rs3.8bn in Q1FY12). Tonnage production for the quarter
grew by 16.5% YoY to 53,740MT (52,959MT in Q1FY12). EBITDA
was in line with our estimate at Rs2.0bn, whereas EBITDA margin
declined by 60bps QoQ to 23.7%. However, EBITDA/kg grew by
6.2% YoY to Rs40.1/kg (Rs39.4/kg in Q1FY12), thereby, leading to a
growth of 23.7% YoY in absolute EBITDA. Due to lower interest
expenses, PAT (adjusted for Rs65m one-time other income) grew by
46.6% to Rs1bn (PLe: Rs949m).
Non‐Auto revenues increased by 51.3%: Driven by higher
contribution of the new non-auto facilities at Baramati, which grew by
86.4% YoY in revenues at Rs1.8bn (Rs1.6bn in Q1FY12), the overall
non-auto business grew by 24.1% YoY to Rs 3.3bn (Rs2.8bn in
Q1FY12). Non-auto contribution in standalone revenues now stands
at ~40%.
Overseas subsidiaries margins expand 170bps YoY: Top-line, on
a consolidated basis, grew by 25.3% YoY, with EBITDA
performance improving by 29.2%. Overseas subsidiaries reported a
top-line growth of 23.4% YoY to Rs6.5bn, with an EBITDA margin
of 5.9% for the quarter. Adj. PAT, on a consolidated basis grew
by 52.6% YoY at Rs1bn (Rs1bn in Q1FY12).
36. „ Outlook and Valuation: Operating leverage, coupled with higher
utilization at the new non-auto facility in FY13E, will lead to
EBITDA margins of ~25% on a standalone basis by FY13E. We
value the company on SOTP basis, with standalone business valued at
Rs309/share and subsidiaries/JVs valued at Rs26/share. With
improving ROE and strong cash flows, we reiterate our ‘Accumulate’
rating on the stock
37. MAJOR IMPORTING / EXPORTING
COUNTRIES
v France
v India
v Ireland
v Singapore
v United Kingdom
v Spain
v United States
v Venezuela
v Netherlands
v Germany
v Dubai
v Madrid
v Houstan
v Oklahoma C
v Mara Caibo
v Amsterdam
38. LIST OF GOODS/SERVICES EXPORTED BY
THE COMPANY
TOP EXPORT PRODUCT INFORMATION OF BHARAT
FORGE LIMITED
HS Code Product Description
72249009 Alloy Steel Forging (rough)sion Sr No 36 1 Plug Forging
10 1500
72249099 Sion Sr.no.c 1001 Connecting Rod Forging S
72284000 M/c Bonnet 2 9/16 10k Part No 140058-01-70-02
(epcgLic No.03500 )
73181500 Hexagonal Socket Bolt
73261100 Alloy Steel Forging (rough) 2bonnet Nut 011775-09
Sion Sr No C 361
TOP IMPORT PRODUCT INFORMATION OF BHARAT
FORGE LIMITED
HS Code Product Description
27100029 Gear Oil Zx-15 Lubricating Oil
27101119 Lubricants Ar-1ep Grease (walt
34039900 Graphite Based Die Lubricant (220 Kg Per Barrel)
ga 32/cdp
34039901 Graphite Die Lubricnt Sinolga
39. FUTURE PLANS
Bharat Forge, the Pune based forging firm, plans to invest Rs 1,200-
1,500 crore in its non-automotive sector business over the next three-
and-a-half years.
This would mark the beginning of the company’s second phase of
expansion in the non-automotive sector, primarily aerospace, marine
and nuclear power plants.
“In the last two years, the company has invested nearly Rs 400 crore
for expanding in the non-automotive business, and in the coming
years we will invest an additional Rs 1,200-1,500 crore to mainly
manufacture forgings of up to 500 tonnes needed for large power
plants and nuclear power plants,” Baba Kalyani, chairman and
managing director, Bharat Forge, said at the inauguration of ring
rolling facility at Baramati on Monday.
The company, which currently manufactures forgings of 40-50
tonnes, is targeting 40% of its total sales from the non-automotive
sector by 2012 from the present 22%.
The first phase of the non-automotive sector expansion included
setting up of a 4,000 tonnes open die press facility at Pune and the
Centre for Advanced Manufacturing at Baramati which includes an 80
metric tonne counterblow hammer facility and the ring rolling facility.
The proposed Rs 1,200 crore investment would be for expansion at
Baramati and Pune and towards facility for making power plant
equipment at Mundra in Gujarat under a joint venture with Alstom.
The facility will manufacture 300-800 mw subcritical and
supercritical equipment with an annual capacity of 5,000 mw.
The joint venture will also explore possibilities of manufacturing
turbines and generators for gas-based plants and nuclear applications.
Apart from this, Bharat forge would set up two more facilities at
Baramati. While the first one to be inaugurated by June this year
would make crankshafts of about 5 metre long and 4 tonne weight for
40. heavy locomotive industry,the second unit to be opened by end of
2010 would make 12 metre and 35 tonne crankshafts, mainly to be
usedfor large marine applications and aerospace industry.
The Baramati facilithas been set up to primarily cater to the non-
automotive sector.
“India is still lagging behind in heavy industry component
manufacturing to such an extent that we are highly dependent on
overseas companies for critical components. Therefore, in future we
would require facilities which can manufacture supercritical and ultra-
supercritical technologies and Bharat Forge through its expansion is
making a move in that direction,” Kalyani said
41. EXPORT IMPORT PROCEDURERS
1. SALES CONTRACT
An agreement between the buyer and the seller stipulating every
details of the transaction. It is a legally binding document. It is
therefore advisable to seek legal advice before signing the contract.
· Legally, there are four basic elements of a sales contract.
o What is being sold.
§ Description of each item.
o At what price.
§ Unit and total price.
§ Clearly specify the currency.
o In what quantity.
o Of what quality.
§ New, used, premium, standard, etc.
· You may write up a formal contract of sale, or you may use:
o A purchase order signed by the buyer.
o An order acknowledgment countersigned by the buyer.
o A pro forma invoice
· An order acknowledgement should supplement a purchase
order by:
o Confirming terms and conditions of the sale not
covered by the purchase order.
§ Delivery schedule
§ Product warranty
§ Payment schedule
42. · A pro forma invoice is a document prepared in advance of a
sale to provide evidence of the final form and amount of
invoice.
o It is a form of a quotation.
§ Specify a time limit for the validity of the offer.
o A pro forma invoice should be printed on letterhead
stationery.
o A pro forma invoice should contain:
§ Description of each item
§ Quantity of each item
§ Unit and total price
§ Terms of sale
§ Shipping and packing charges
§ Net and gross weight
· A pro forma invoice should contain enough detail to help the
buyer to:
o Open a letter of credit.
o Obtain an import permit.
o Calculate the duty on the items.
2. COMMERCIAL INVOICE:-
It is a formal demand note for payment issued by the exporter to the
importer for goods sold under a sales contract. It should give details
of the goods sold, payment terms and trade terms. It is also used for
the customs clearance of goods and sometimes for foreign exchange
purpose by the importer.
43. 3. BILLS OF ENTRY.
A declaration by an importer or exporter of the exact
nature, precise quantity and value of goods that have landed or are
being shipped out. Prepared by a qualified customs clerk or broker, it
is examined by customs authorities for its accuracy and conformity
with the tariff and regulations. See also customs entry.
The different kinds of bills of entry are used for following
purpose:
1. Bills of entry for goods imported for home consumption (white
coloured).
2. Bills of entry for warehouse (yellow coloured).
3. Bills of entry for ex-bond clearance for home consumption(green
coloured).
A bill of entry is a formal declaration describing goods which are
being imported or exported. The bill of entry is examined by customs
officials to confirm that the contents of a shipment conform with the
law, and to determine which taxes, tariffs, and restrictions may apply
to the shipment. This document must be prepared by the importer or
exporter, with many companies hiring a clerk specifically to handle
the process of preparing bills of entry.
A typical bill of entry includes a description of the goods in the
shipment, including details and the quantity of the goods, along with
an estimate of their value. Customs officials reserve the right to
inspect the shipment to determine whether or not it is consistent with
the bill of entry, and discrepancies can be grounds for legal
proceedings. Once a bill of entry has been reviewed and the shipment
has been inspected, it can be cleared for sale or transfer. If there is a
problem, customs may opt to confiscate the goods.
44. Many nations have specific laws about how bills of entry should be
formatted and presented. It is important to have accurate
documentation, or goods can be held up in customs. This can cause an
inconvenience in some cases, and spoilage or destruction of the goods
in others; a shipment of fruit, for example, will not hold up through a
lengthy retention by customs while details of the shipment are worked
out.
4. PERFORMA INVOICE
An invoice provided by a supplier prior to the shipment of
merchandise, informing the buyer of the kinds and quantities of goods
to be sent, their value, and importation specifications (weight, size
and similar characteristics). This is not issued for demanding payment
but may be used when applying for an import license/permit or
arranging foreign currency or other funding purposes.
· Contents of Performa invoice
Ø Name and address of the exporter.
Ø Name and address of the importer.
Ø Mode of transportation.
Ø Name of the port of loading.
Ø Name of the port of discharge and final destination.
Ø Provisional invoice number and date.
Ø Exporter’s reference number.
Ø Buyer’s reference number and date.
Ø Name of the country of origin of goods.
Ø Name of the country of final destination.
Ø Marks and container number.
Ø Number and packing description.
Ø Description of goods giving details of quality.
Ø Signature of the exporter with date.
45. Documentary Letters Of Credit
DOCUMENTARY credit is frequently the agreed method of
settlement for international trade. The buyer's bank reimburses the
seller against presentation of documents drawn in compliance with
conditions stipulated in the documentary credit by the buyer.
There are advantages to both the buyer and seller when settlement is
arranged by documentary letter of credit. First, the buyer knows that
payment will only be made if the documents received comply strictly
with the terms and conditions of the credit as stipulated by the buyer.
Second, the seller knows that payment will be received provided the
terms and conditions of the credit are strictly complied with.
Documentary letter of credit
A documentary credit can be defined as a conditional undertaking of
payment given by a bank. Expressed more fully, it is a written
conditional undertaking issued on behalf of the importer (applicant)
by the issuing bank to the exporter of goods (beneficiary) to pay for
the goods or services, provided the documents submitted conform
strictly to terms and conditions of the credit.
From this definition it can be seen that there are basically three parties
to a documentary credit: a) the buyer/importer, who requires that a
credit be issued in his favour; b) the beneficiary (the supplier of
goods); and c) the issuing bank which issue s the credit at the request
of the buyer or importer. The credit is usually (but not always)
advised to the beneficiary through a bank in the beneficiary's country
(the advising bank).
All documentary letters of credit are subject to the provisions of
Uniform Customs and Practices (UCP) for Documentary Credits,
Brochure No. 500 issued by International Chamber of Commerce,
wherever it is incorporated into the text of the credit as such.
46. BILLS OF LADING
A legal document between the shipper of a particular good and the
carrier detailing the type, quantity and destination of the good
being carried. The bill of lading also serves as a receipt of
shipment when the good is delivered to the predetermined
destination. This document must accompany the shipped goods,
no matter the form of transportation, and must be signed by an
authorized representative from the carrier, shipper and receiver.
CERTIFICATE OF ORIGIN
A Certificate of Origin (often abbreviated to CO or COO) is
a document used in international trade. It is a printed form, completed
by the exporter or its agent and certified by an issuing body, attesting
that the goods in a particular export shipment have been wholly
produced, manufactured or processed in a particular country.
The “origin” does not refer to the country where the goods were
shipped from but to the country where they were made. In the event
the products were manufactured in two or more countries, origin is
obtained in the country where the last substantial economically
justified working or processing is carried out. An often used practice
is that if more than 50% of the cost of producing the goods originates
from one country, the "national content" is more than 50%, then, that
country is acceptable as the country of origin.
When countries unite in trading agreements, they may allow
Certificate of Origin to state the trading bloc, for example,
the European Union (EU) as origin, rather than the specific country.
Determining the origin of a product is important because it is a key
basis for applying tariff and other important criteria. However, not all
exporters need a certificate of origin, this will depend on the
destination of the goods, their nature, and it can also depend on the
financial institution involved in the export operation.
47. · CONTENT OF CERTIFICATE OF ORIGIN
1. Name and the address of the exporter.
2. Name and the address of the consignee.
3. Name and the address of the notify.
4. Name and logo of the chamber of commerce.
5. Name of the port of lading.
6. Name of the port of discharge and place of delivery.
7. Mark and container number.
8. Packing and container description.
9. Total number of container and package.
48. DATA ANALYSIS
FLOW CHART: Internal procedure from receiving the order till
the final dispatch.
CUSTOMER ENQUIRY
NEGOTIATION
ORDER ACCEPTANCE
INFORM CUSTOMER
PREPARE DOCUMENT
MANUFACTURING
DISPATCH
PAYMENT
49. PACKING LIST
Itemized list of articles usually included in each shipping package,
giving the quantity, description, and weight of the contents. Prepared
by the shipper and sent to the consignee for accurate tallying of the
delivered goods. Also called bill of parcels, packing slip, or
unpacking note.
The exporter prepares the packing list to facilitate the buyer to
check the shipment. it contents the detailed description of the
goods packed in each case, their gross and net weight etc. the
difference between a packing note and a packing list is that the
packing note contains the particulars of the contents of an
individual pack, while the packing list is a consolidated statement
of the contents of a number of cases or packs. The contents of
packing list and commercial invoice are same but in packing list
number and packing description are mentioned.
Normally, ten copies of the
packing list/note should be prepared. The first is to be sent with
the shipping documents , two copies in advance to the buyer , one
to the shipping agent and the remaining retained by the exporter.
50. SHIPPING BILL
A shipping list, packing list, waybill, packing slip (also known
as a bill of parcel, unpacking note, packaging slip, (delivery)
docket, delivery list, manifest or customer receipt), is
a shipping document that accompanies delivery packages, usually
inside an attached shipping pouch or inside the package itself. It
commonly includes an itemized detail of the package contents and
does not include customer pricing. It serves to inform all parties,
including transport agencies, government authorities, and
customers, about the contents of the package. It helps them deal
with the package accordingly.
Shipping bill is the main customs documents, required by the
customs authorities for granting permission for the shipment of
goods. The cargo moves inside the dock area only after shipping
bill is duly stamped, i.e., certified by the customs. Shipping bill is
normally prepared in five copies:-
1. Customs copy.
2. Drawback copy.
3. Export promotion copy.
4. Port trust copy.
5. Exporter’s copy.
Based on the incentives offered by the government, customs
authorities have introduced three types of shipping bills:-
· Drawback shipping bill(green)
· Dutiable shipping bill (yellow)
· Duty-free shipping bill(white)
51. BILLS OF EXCHANGE
A non-interest-bearing written order used primarily in
international trade that binds one party to pay a fixed sum of
money to another party at a predetermined future date.
An unconditional order issued by
a person or business which directs the recipient to pay a fixed sum
of money to a third party at a future date. The future date may be
either fixed or negotiable. A bill of exchange must be in writing
and signed and dated also called draft.
Bills of exchange are similar to checks and promissory notes.
They can be drawn by individuals or banks and are generally
transferable by endorsements. The difference between a
promissory note and a bill of exchange is that this product is
transferable and can bind one party to pay a third party that was
not involved in its creation. If these bills are issued by a bank,
they can be referred to as bank drafts. If they are issued by
individuals, they can be referred to as trade drafts.
52. SHIPPING BILL OF EXPORT
Shipping bill of export is the main document by the customs
authority for the allowing shipment. A shipping bill is used by the
shipping agent and represents some kind of certificate.
For all parties, included ship’s owner, seller, buyer and some
other parties for each one represent a kind of certificate
documents.
53. PAYMENT
· MODE OF PAYMENT
There are different methods of payment in international trade. The
fact that the buyer and seller are located in different counties,
minimizing risk becomes a crucial part of the transaction. Some of
the popular modes of payment are:
Ø Prepayment via telegraphic transfer.
Ø Open account.
Ø Documentary collection.
Ø Document against payment (D/P)- sight.
Ø Document against acceptance (D/A)-after sight.
54. · LETTER OF CREDIT
THE L/C is a guarantee given by the buyer’s bank that it will pay
for the goods provided the exporter provides a set of documents
such as bill of lading and freight documents . the technical term
for L/C is documentary credit. L/C deals with document , not
goods. Thus it works in favor or both the buyer and the seller.
· Transferable L/C And Non-Transferable L/C
With a transferable L/C, a beneficiary (exporter/seller) has the
right to give the instruction to the paying or accepting bank to
make the credit (funds) available to one or more third parties,
sometimes referred as secondary beneficiaries . A non –
transferable L/C is when the bank makes credit available to the
beneficiary only and cannot be transferred to any other party.
· Back –To-Back Letter Of Credit
The parties involved in a back-to-back L/C are the buyer and his
bank, the seller / manufacturer and his bank and the
manufacturer’s subcontractor and his bank. This type of credit
transaction is used when a seller/manufacturer has to buy a
component or farm out part of production, but may not have the
cash flow to do so. What is apply to his bank for a L/C, identical
to the original L/C he received from the buyer – but of a lesser
value. This second L/C, called a back-to-back, is sent to the
subcontractor’s bank , assuring the subcontractor of payments.
55. CSR ACTIVITIES
EDUCATION
As part of its Corporate Social Responsibility, Bharat Forge actively
supports Pratham Pune Education Foundation (PPEF). PPEF helps in
imparting primary education to children of economically challenged
and migrant workers, mainly in the age group of 3-14 years. Mr. B. N.
Kalyani is the Founder and Chairman of PPEF. This initiative is
actively funded by BFL and over the past 4 years, has touched the
lives of over 50,000 children in Pune, and has become an important
catalyst for women empowerment.
PPEF operates through an extensive network of Balsakhis, Balwadis,
Bridge Courses and Outreach Programmes. PPEF's contributions have
resulted in Pune achieving almost 100% literacy.
COMMUNITY INITIATIVE
As a socially responsible employer, the Kalyani Group has a strong
sense of community responsibility, and encourages its businesses to
enhance their relationships with the communities in which they
operate.
Bharat Forge Ltd., sponsors community centres for 250 families in
and around Pune. Of these, 80 employee families are involved in
income-generating activities such as hand-glove stitching, stitching
uniforms and making of incense sticks. After vocational training these
members then use financial assistance from self help groups (SHGs)
to start their own small businesses. BFL is involved in developing
micro credit savings groups within these families. The company
56. continues to remain engaged with the members for any assistance that
newly formed ventures may need. In addition, BFL also conducts
awareness activities vocational training, personality camps and socio-
cultural activities for these families, which are greatly appreciated by
them.
The staff at Bharat Forge America, also engage themselves in
community services in the local Lansing community. These efforts
include home rebuilding and refurbishing to help the local disabled
and elderly couples. A group of 18 BFA employees spend an entire
afternoon on a week end replacing doors, repairing roofs and doing
drywall replacement.
ENVIRONMENT
As a corporate entity, we are committed to good environmental
practices and are conscious of our responsibility towards creating,
maintaining and ensuring a safe and clean environment.
All Kalyani Group businesses are at the forefront of improving their
performance while enhancing the environment. They are uniquely
positioned to use their resources to grow their organizations in an
environmentally sound and responsible manner.
We as a group believe that environmental quality is a key ingredient
for long-term profitability. Environmental Best Practices are being
employed increasingly within the group to improve business
productivity, cut waste and reduce costs.
The Group is committed to minimizing any adverse effects of its
activities on the environment, while continuously improving its
environmental performance.
Bharat Forge has invested in Renewable Energy Project generating
Green Energy. Added to this it is buying Green Energy power, which
put together is approx. 30% of Bharat Forge, Mundhwa plant
57. consumption.
This usage of Green Energy is considered to be a reduction of Carbon
Emission to the extent of approx. 30,000 tons per annum and this is
recognized & certified by United Nations Framework Convention on
Climate Change (UNFCCC) under Kyoto Protocol.
As an active participant in the process of promoting the
environmental awareness and in the process of beautifying and
maintaining the civic infrastructure of Pune, BFL maintains several
gardens across the city.
HEALTH AND SAFETY
The group is committed to having a safe and pleasant working
environment. Health & safety best practices form an integral part of
the group’s business activities.
We believe that our employees are the key to our company's success
and it is our moral responsibility to ensure that they have a safe &
healthy working environment Safety is a top priority in all our
operations across the group. All group companies have a safety
committee that meets regularly to provide updates on safety issues,
conduct rehearsals of safety procedures and onsite emergency action
plan and training programs on safety related issues. Our goal is to
drive injuries, occupational illnesses and operational incidents as
close to zero as possible. To realize our zero-accident goal, we are
taking further measures to reduce risks by undertaking risk
assessment of our manufacturing facilities. Operation manuals are
prepared and each operation unit also educates its employees on labor
safety.
58. The group also continues its drive of 'Keep Fit' which it started in
2002. The purpose of this drive is to reduce absenteeism due to illness
and to encourage individuals to follow a healthy lifestyle. The Keep
Fit drive includes regular health check-ups including health, diet and a
fitness test.