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JKTYRE &INDUSTRIES Ltd

EXECUTIVE SUMMARY

Vikrant Tyre Ltd was a Public Ltd Co with available areas of 53 acres in Karnataka. The company has good infrastructure facilities, abundant labour & man power, good housetrain facilities, (encouraged with the retirement plans to) selected Mysore as their ideal factory location. J.K. Industries, Vikrant Tyres unit has a devoted work force of around 2.200 employees. The company has come into existence as a prestigious Organization which is connected to the manufacturing of quality tyres in the future electronic city of Mysore. In May 1997, HJ I was inducted as a strategic alliance plans (SAP) with a view to give a turn around to the co as a profit making unit. A memorandum of understanding was signed between ISSIDC and JK tyres by which ISSIDC has invested majority of shares with JK Tyres Ltd. Thus JKL has acquired more than 51% of enhanced issued and paid-up Capital of Vikarath Tyres Ltd (VTL). The board of Vikranth Tyres Ltd VTL was reconstituted with nominated Shri Arun Kumar- Bajaria to be the president and managing director and to be the Executive Director of VTL. As a result the VTL is now under the control of J.K. Industries Ltd.Exports now a burgeoning fields after the liberalization, due to the dynamic nature of the foreign markets. India has now realized that exports is the gateway to sell its products abroad and has come a long way from selling its surplus to the present day status of ( exclusive /manufacturers) export market potential .

Department of Management Rajeev Institute of Technology, Hassan 1

JKTYRE &INDUSTRIES Ltd

CHAPTER 1 INDUSTRY PROFILEHistory In the year 1887 the word rubber industry came in existence, with the process of tube vulcanization by Charles Good Year. However, towards the end of the century the industrial growth received a big boost. Bond Dunlop succeeded in making the vulcanization rubber into inflatable preamatic tyres. Since then the tyre industry has constituted a major segment of the rubber industry all over the world. Even in India, automotive tyres and tubes account for a major part of the Indian rubber product industry. Tyre Industry in India History of the Indian tyre industry could be classified into 4 periods 1920 to 1935 {multinational trading in tyre} 1935 to 1960 {multinationals manufacturing era} 1961 to 1974 {broadening of production base}

Trading tyres in India was first started in 1920 by Firestone, followed by Good Year in 1922 and later by Dunlop in 1926. Dunlop set up the first tyre at saharganj, West Bengal, in the year 1936. Firestone set up a factory at Mumbai. At present there are 20 licensed companies and 24 factories with 11 large companies manufacturing the full range of tyres and tubes. The Indian tyre companies are having collaborationDepartment of Management Rajeev Institute of Technology, Hassan 2

JKTYRE &INDUSTRIES Ltdwith tyre companies of U.S.A, U.K, West Germany and Japan. Significant changes occurred in the tyre manufacturing process, change over from rayon to nylon and introduction of radial tyres of both steel belt and fiber glass are most important. The hot cure conventional rethreading process is replaced with cold cure rethreading process. The truck and bus tyre mileage and load carriage capacity has gone up by 25%. The tyre industry is Rs.3500 Crore plus which manufacture tyres for truck and buses, light trucks, jeeps, cars, tractors trailer, power tillers, scooter, motor cycle, moped, cycle, earth moving equipments and dumpers, aircraft and special defense vehicles. The tubes are manufactured from natural rubber as well as imported butyl rubber. Tyre inner tubes are covered under packaged commodities Act. The Government for the tyre industry set up various committees. Way back in 1955, the tariff commission was set up. The major trust of the commission report was the decentralization of the tyre industry. Between 1974 and 1985 the government referred to Bureau of industry cost and price {BICP} five timers for cost and price study of tyre industry. But, the studies of the BICP were not made public. In May 1974 the government set up a committee on tyre industry with Mr. M. Satyapal as chairman. This committee submitted its report to the government in 1985. Report has not been published. Dunlop, MRF, Ceat, Apollo and Modi rubber dominates the industry together accounting for much as 60% of the total output. Among individual companies, MRF is moving into aircraft tyre manufacturing in collaboration with Uni, Royal Goodrich.Department of Management Rajeev Institute of Technology, Hassan 3

JKTYRE &INDUSTRIES LtdThe total capacity of ceat has gone up to 45 lacks tyres with the commence of walaj plant and has plans to manufacture nylon cord tyres. Modi rubber industry has the modipuram plant and modinagar plant is under implementation. Vikrant tyres with a new all steel radial tyre plant for trucks and buses is the only company modernizing the existing plant and manufacturing new technological tyres of international standards and acceptability, Indian tyre industry is all set to capture a major share in export market and increases its share of export to various countries. The tyre industry is a raw material intensive industry. Raw materials account for about 55% of the total production cost. Two of the four major raw materials used in the tyre making i.e. Nylon tyre cord and synthetic rubber to natural petroleum based derivatives.

Department of Management Rajeev Institute of Technology, Hassan 4

JKTYRE &INDUSTRIES Ltd

CHAPTER 2 COMPANY PROFILE

Jk Industries JK Organization owes its name to Late Lala Juggilal Singhania, a dynamic personality with a broad vision, Inspired by the Swadeshi movement of Mahatma Gandhi, and driven by the zeal to set up an Indian enterprise, Lala Kamlapat Singhania founded JK organization in the 19th century in India. The process of industrialization and diversification was worthily and successfully carried on by Lala Kamlapats three illustrious sons Sir Padampat, Lala Kailashpat and Lala Laksmipat, aided in no small measure by the late Gopal Krishna son of sir Padampat. JK Organization has been a forerunner in the economic and social advancement of India. It always aimed at creating job opportunities for a multitude of country men and provides high quality of products. It has driven to make India self reliant by pioneering the production of number of industrial and consumer products, by adopting latest as well as developing its own know-how. It has also under taken industrial ventures in several other countries. JK Organization is an association of industrial and commercial companies and charitable trust. Its member companies, employing nearly 50000 persons are engaged in the manufacture of variety of products and in diverse fields of commerce.Department of Management Rajeev Institute of Technology, Hassan 5

JKTYRE &INDUSTRIES LtdTrust are devoted to promoting industrial, technical and medical researchers, education, religious values and providing better living and recreational facility. With the spirit of social consciousness uppermost in mind, JK organization is committed to cause the human advancement.

2.1 BACKGROUND OF THE COMPANYSri Anjaneya Agro-Tech Pvt. Ltd. Davangere Company at a glance Serial No. 1 2 Company at a Glance Name of the Industrial Concern : Address : a) Registered office : Athani Complex R.M.C Link Road, Bamboo Bazaar, Davangere -577001. b) Factory : Sy No. 80/81, Hanagawadi , Harihar APMC Link Road, Harihar Taluk, Davangere Dist. Karnataka. Name of the industrial concern M/S Sri Anjaneya Agro-Tech PVT. Ltd.

Department of Management Rajeev Institute of Technology, Hassan 6

JKTYRE &INDUSTRIES Ltd3. Directors : Sri B.K. Rajashekarappa Sri. A.K. Prashanth Sri. Savan.Y.Amberker Sri. A.S. Veeranna Sri R. Manjunath Sri. A.S. Kotrappa Sri. K.K. Mahesh Sri. A. Channappa Sri A.C. Chek 4 5 6 Line of activity Size of the industry Capacity a) Installed-existing capacity b) Maximum Operating Capacity SEPI Rice bran/cake 150/200MTS/day SEPII Soya bean, rice bran/oil lake 150/200 TS/day Edible oil refinery TS MTS per day capacity 90% c) Main raw materials 7 8 9 End use of finished products Turnover in 2008 Year Power requirement Rice bran, oil cakes and Soya bean seeds Refined edible oils, wholesale and retail Consumers Rs. 16,973.59Lakhs 500 Kva Chairman Managing Director Executive Director Director Director Director Director Director Director Edible oil extraction Medium Scale Industry

2.2

NATURE OF THE BUSINESS CARRIED

Department of Management Rajeev Institute of Technology, Hassan 7

JKTYRE &INDUSTRIES LtdJK Tyres Limited is engaged in design, development, manufacturing and marketing automotive pneumatic tyres, tubes. The product range includes the following. Cross Ply and Radial Tyres for Trucks and Buses. Cross Ply and Radial Tyres for light Commercial vehicles. Cross Ply Tyres for Passenger Cars. Cross ply Tyres for Agricultural Vehicles. Cross Ply Tyres for Off-The-Road Vehicles. Automotive inner Tubes for Trucks, Buses, Light Commercial vehicles, passenger Cars and Agricultural Vehicles. Flaps for Trucks, Buses and Light Commercial Vehicles.

2.3VISION:

VISION, MISSION & QUALITY POLICY:

To be amongst the most admired companies in India committed to excellence

MISSION: To be the largest most profitable Tyre company in India. To retain # 1 Position in Truck and Bus segment and to be amongst Top 2 in all 4wheelers Tyre segment To make Truck/Bus Radial operations Profitable and Retain Leadership in the

passenger Radial Market. To be the largest Indian Tyre exporter continues to be a significant player in

the world in the truck Bias segment. To be a customer obsessed company. To develop a highly motivated tea