STEEL AND INDUSTRIAL FORGINGS LIMITED (SIFL)
An
Organizational Study Training
Report
submitted in partial fulfillment
of
requirements for the degree of PGDM
Submitted
by
DERYK SUNNY.V.
CHRIST INSTITUTE OF MANAGEMENT,
LAVASA, PUNE
June 2016
DECLARATION
I, DERYK SUNNY.V., hereby
declare that this report on OS at SIFL is submitted to Christ Institute of
Management in partial fulfillment of requirement of award of degree of PGDM is
a bonafide record of training undergone by me in the firm under the guidance of
Ms.Soumya(Mentor-CIM).
THRISSUR
1-06-2016
DERYK
SUNNY.V.
ACKNOWLEDGEMENTS
I express my sincere gratitude to all who
guided me and provided complete cooperation during my OST in SIFL. A few are
Mr.Jayakrishnan (ASS.HR manager), Ms.Reshma(HR officer), Mr.Joyel(Maintenance
engr) and Mr.Sarath (Engr-R&D).At last, but not the least, Thanks to my
Personal mentor at CIM Lavasa , Ms.Soumya (Ass.Professor) who guided me and
corrected me whenever I fall in a doubt.
TABLE OF CONTENTS
Sl.
No.
|
CONTENTS
|
Page
No.
|
1.
|
History
of Organization
|
5
|
2.
|
Vision,
Mission, Corporative objectives and Achievements
|
6
|
3.
|
Product
Profile
|
8
|
4.
|
Major
Products
|
9
|
5.
|
Major
Customers
|
10
|
6.
|
Organization
Structure
|
12
|
7.
|
Departments
|
14
|
8.
|
SWOT
Analysis
|
46
|
9.
|
Findings
and Suggestions
|
48
|
10.
|
Conclusion
|
49
|
11.
|
References
|
50
|
1. HISTORY
OF ORGANIZATION
Steel &Industrial forgings Ltd.(SIFL),is an AS9100C certified Public sector undertaking
fully owned by Govt.ofKerala.It is founded in 1983.The company has Started it’s
Commercial Production in 1986.They are the Masters in Titanium and special
alloy forgings. They are the major suppliers of products for Brahmos project, ISRO,
Chandrayan project and many other prestigious ventures. They Mainly
manufactures forgings with exquisite designs and shapes,Flawless forms and
contours.They is also committed to do
the production of broadbands and spectra of metals like superalloys,Al,Ti and
Alloysteel.It is the only public sector forging company in India and the most
soughtout forging company in the country for critical components of satellites
and Defence.Products includes high precision aerospace forgings, heavy forgings
for commercial vehicles,railways,special forgings for defence and other
components for automobiles.
OBJECTIVES OF STUDY
v To have an in-depth idea about the
organization structure.
v To learn about day-to-day operations in the
company.
v To have an understanding about the roles and
responsibilities of each and every cadres in an organization.
v To experience the company’s strategy in
completing their projects in a time-efficient and cost-effective manner.
RESEARCH METHODOLOGY
Organizational study is been conducted basically on the basis of primary
and secondary data.
PRIMARY -Direct interaction with the management and company staff.
SECONDARY-It is been collected through various media such as sales
journals,magazines,newspapers,internet,department manuals and so on.
2. VISION,MISSION,CORPORATE
OBJECTIVES AND ACHIEVEMENTS
VISION
}
To be
worldclass manufacturers of small and medium class sea-going vessels,Barges
etc.
}
To be a
high quality supplier of general Engineering goods.
}
To be a
cost-Effective source of structural steel products.
MISSION
}
To
promote, Execute and develop steel based industries in Kerala as well as in
other Indian states.
}
To do
the manufacturing, Purchase,Import-Export and deal in steel or steel related
products.
}
To act
as a media for the Steel and Iron corporate, like galvanizing process and paint
refractories.
}
Serving
core sector like Defence, railways, power generation and transmission in and outside
Kerala.
}
To
Implement rural technology plans through it’s modern facilities for casting, forging,
fabrication machining and it’s division of power Engineering exports and
Trading.
CORPORATE OBJECTIVES
} To develop steel based Industries and
services in Kerala.
} To do the
manufacturing,Purchase,Import-Export and deal in steel or steel related
products.
} Servicing core sector like
Defence,Railways,power generation and Transmission in and outside Kerala.
} Promote ancillary units.
} To establish, maintain, conduct and otherwise
subsides research laboratories, powerunits and experimental workshop for
scientific and Techical research experiments.
} Crafts Light, Medium and other applications
including those needed by defence ministry barges for inland waterways as well
as for the use along the cost. Apart from above, company has certain Vital
social and economic goals for the welfare of the company and the state.
ACHIEVEMENTS
}
Certification
from DGQA,DGAQA,Ministry of Defence,Govt.of India.
}
Assessed
and approved by NQA Quality system registrar against the quality assurance
system standards ISO 9001-2008 for the manufacture and supply of forgings.
}
Best
vendor award from BEML.
}
Facilities
certified by premier inspection agencies.viz:IBR,Indian registry of shipping,Engineers
India LTD etc.
}
Evaluated
by central boilers board and has been granted recognition as a “well known
forge”.
}
RDSO,ISRO,Certifications/Approval.
}
SIATI
2003 award for excellence in Aerospace indigenization.
}
Special
award for notable achievement in enterprise performance in the years
2008-09,2009-10,2010-11.
3. PRODUCT
PROFILE
SIFL’S Critical Forgings are supplied to
various sectors such as Aerospace, defence, railways, earthmoving, agricultural
and automobile sector. SIFL is equipped to manufacture high pressure applied
forgings like Gate valve bodies and choke bodies in carbon and alloy steel
material to meet requirements of oil field equipment manufactures, thermal
power stations, refineries and nuclear power plants. Company has made significant
Progress in Aerospace sector by developing complex forgings for various
Aeroengines. SIFL involved in the supply of forgings for the most prestigious
projects such as Chandrayan and Brahmos
project. Products are also been exported ouside INDIA to various
countries such as USA,Malaysia,Middle
East,Indonesia and so on.
QUALITY OF INPUTS
At SIFL, raw materials required for any forgings are bought only from
prime manufacturers such as SAIL,VISL,MVSCO etc. All die blocks are imported
from one of the prominent die makers M/S EdelstahlwerkeBuderus.A.G, Germany
4. MAJOR
PRODUCTS
}
ACQUISITION DEVICE
}
IMPELLERS
}
CROSS HEAD
}
DOME CLOSURE
}
LANDING GEAR
}
WHEEL HUB
}
MOTOR HOUSING
}
VALVE BODIES
}
CONNECTING ROD
}
FLYWHEELS
}
GEARS
}
COUPLINGS and many more.
5. MAJOR
CUSTOMERS
SL NO
|
COMPANY
|
SECTOR
|
1
|
Brahmos Aerospace
|
Aerospace & Aeronautical
|
2
|
HAL, Bangalore &Koraput
|
Aerospace &
Aeronautical
|
3
|
GTRE, Bangalore
|
Aerospace &
Aeronautical
|
4
|
ISRO DIVISIONS :- VSSC,IISU,LPSC
|
Aerospace &
Aeronautical
|
5
|
DMDE, SECUNDERABAD
|
Defence
|
6
|
CVRDE, CHENNAI
|
Defence
|
7
|
HVF, AVADI
|
Defence
|
8
|
ORDNANCE FACTORIES, MEDAK & TRICHY
|
Defence
|
9
|
BARC
|
Defence
|
10
|
MTPF, AMBARNATH
|
Defence
|
11
|
DMW, PATIALA
|
Railways
|
12
|
DLW, VARANASI
|
Railways
|
13
|
SOUTH WESTERN RAILWAYS
|
Railways
|
14
|
SOUTHERN RAILWAYS
|
Railways
|
15
|
BEML
|
Earth Moving
|
16
|
CATERPILLAR
|
Earth Moving
|
17
|
L&T
|
Earth Moving
|
18
|
AVTEC
|
Earth Moving
|
19
|
ELGI EQUIPMENTS
|
Heavy
Engineering
|
20
|
BHEL
|
Heavy
Engineering
|
21
|
KIRLOSKAR PNEUMATIC COMPANY LTD
|
Heavy
Engineering
|
22
|
JABALPUR
VEHICLE FACTORY
|
Defense
|
6. ORGANIZATION
STRUCTURE
ORGANIZATION
CHART
It is a basic framework within which the
manager’s decision making behavior takes place. Organization structure
basically deals with relationships. In a simple term, structure is a pattern in
which various parts or components are interconnected.
Organisation structure is the pattern of relationship among various
activities and positions. Design of basic structure involves such issues as how
work of organization will be divided and assigned among various groups,
departments and how coordination is necessary to accomplish total organization
structure.
In SIFL, there are 11 departments having a crucial role in each and
every stage of the production process comprising of a total work force of 275
employees. The company is controlled by it’s board of directors of 12 members
who are experts in various streams of society. Basically, each department is
headed by a Senior manager, followed by Deputy manager, Engineer, Ass.Engineer, office staff and the general
workforce. Company also employs a certain number of apprentices, trainees and
probationers among the work force.
The facility is operating in a 24/7 manner except for some departments such
as Human resources, Finance and Stores.
7. DEPARTMENTS
1.PURCHASE DEPARTMENT
It is a dynamic activity which involves administration, effective
planning and utilization of resources. This department is concerned with
purchase of each and every article of SIFL.
The major functions of Purchase department are as follows.
1. Procurement of
v Raw material-Both imported and Indian.
v Fuel
v Die Material
v Consumables
v Spares
v Printing and stationary
v Capital items.
2.Material Follow up
3.Finance Follow up
4.Management of Transportation contract and setting bills for that.
Books Maintained in Purchase Department
v Order register
v Pull forwarding register
v Lorry receipts register
v Material return note.
v Category use lodger
v Intend register.
SYSTEM FOLLOWED FOR
THE PURCHASE OF
MATERIALS
v Purchase Request-Based on specifications, quantity and
delivery of equipments submitted by the concerned departments,Purchase
department will carry out the Purchase activities.
v Selection of
Companies for Estimate Submission-Selection is comprehensively made by evaluating such factors as quality
and performance of equipment,device or materials to be purchased,degree of
reliability,product requirements such as
safety,delivery time,the scale of the order,after sale service and company’s
previous business record.
v Estimate request-Selected companies will be asked to submit
cost estimates and specifications to SIFL prior to a specified date.
v Submission Estimate-Specification sheets submitted by potential
suppliers at their own expense are checked by the purchase department and
concerned departments which are using the product inorder to check whether the
product has met the required standard
.
v Negotiation-SIFL will conduct negotiations with the company with a most attractive proposal
to discuss the amount of contract and the terms and conditions.
v Contract
Conclusion-Business will be
established upon the conclusion of the project in the form of a written
document if necessary.
v Delivery and
Inspection-Delivered equipments,
devices or materials must pass inspection conducted by relevant departments of
SIFL.
2.STORES DEPARTMENT
The Store Department has 2 sections.viz.Raw materials and General
Consumables Section.Each of this department is responsible to handle the activities
of corresponding work.There is one junior manager for store and sufficient
number of subordinates and staffs.
MAJOR FUNCTIONS OF STORES DEPARTMENT
v Receive raw material
v Storage of raw material
v Issue of raw material according to store requisition.
v Verification of stock
v Scrap accounting
v Sale of scrap
v Dispatch
3.QUALITY ASSURANCE DEPARTMENT
Quality Assurance is the important responsibility of SIFL because it’s products cover most
critical areas such as Defence, Railways and some research establishments.The
activity of QA department starts right from the purchase of raw materials of
good quality. Raw materials are purchased from SAIL, TISCO etc.
QUALITY OBJECTIVES
v To ensure that only good quality forgings
reach to the customers.
v To ensure that the product meet customer
requirements.
v To ensure that customer’s complaint to NIL on
Quality.
VARIOUS STAGES OF QUALITY INSPECTION
INCOMING RAW MATERIAL INSPECTION
}
Verify
raw material indent from Production department. It is to be counter-checked
with the customer requirements.It is then certified,signed and to be returned
back to production department within 3 days.
}
One
copy of indent from purchase department is to be retained.
}
On
receipt of raw material, stores shall verify dispatch certificate and raise
GRIN(goods receipt cum inspection note) with mill test certificate and raw
material slice with heat number and to be sent to the Lab.
}
Lab
should test raw material as per lab work instructions, shall forward an
internal inspection report to QA department.
}
GRIN
shall be cleared after verification of all the reports.
}
If
there is a delay in test results, an intimation
is to be given to stores for holding GRIN.
}
Route
card cum work order shall be cleared when material is found OK by the lab for
production and should be returned to production department.
}
Raw
material purchased and received on conversation basis from customer should be
checked by for UT, chemical test etc as per requirement by LAB and verified by
QA.
IN PROCESS INSPECTION
·
HOT
STAGE INSPECTION
Before commencing
hot inspection, ensure that latest revision of drawings and process sheets are
used.Raw materials should be inspected for visual defects such as lap,scale, unfilling,
crack, mismatch and for control dimensions. A copy of hot inspection shall be
sent to technical, production and die shop for evaluation of various quality
problems to take corrective steps.
·
GREEN
STAGE INSPECTION
Forgings after
cooling are inspected for defects. Hardness checking of heat treated forgings
are been carried out. Shot blasted forgings are to be NDT tested.
FINAL INSPECTION
Based on customer
requirement,all properties are evaluated,recorded and reported to customer
through test certificate duly signed by Assistant Manager(QA) and customer
representative together.Punching details shall be given from QA to Finishing
and dispatch department.Store credit prepared by F&D shall be forwaded to
QA for clearance inorder to dispatch.
CALIBRATION OF TEST EQUIPMENTS
Machines should be marked with SIFL serial number as per calibration
register.Date of calibration and due date also is to be displayed.Measuring
instruments which are calibrated are verniercalipers,vernier height
gauges,vernier bevel protactors and so on.
NON DESTRUCTIVE TESTING
Various NDT methods adopted are ultrasound testing, liquid penetrant
testing and magnetic particle testing.
MAJOR FUNCTIONS OF QA DEPARTMENT
v Oversee all the quality control activities in
the company and strive for continuous improvement.
v Implementation and maintenance of Quality
system pertaining to QA,including documentation and maintenance works.
v Monitoring effectiveness of corrective and preventive action taken for
controlling the non-conformance of products.
v Analysis and decision making within the
framework of company objectives for continuous improvement.
v Coordinate the procurement of inspection and
measuring instruments,their storage and calibration.
v Third party inspection arrangements.
v Inspection at various stages of production
and processing.
v Enquiry processing which includes cost
estimation.
The responsibility of maintenance department is to keep the entire shift
always ready for action.They are having two sub sections,VIZ.Electrical and
Mechanical section.The Maintenance Department is also categorized into 3
sub-sections.
• Breakdown
maintenance-Undertakes
the job of maintaining, repairing the
parts of machinery where breakdown or disasters had happened.
• Preventive maintenance-These works are going on at daytime, without
disrupting the functioning of the shop.
• Periodical
checking-To check the oil
value of machinery, to test the IR value of finding per month, taking the
breaths, etc are works carried out in Periodical checking.
The major functions of Maintenance department
are listed below.
v Carrying out the calibration of various
equipments before the specified due dates.
v Carrying out preventive and breakdown
maintenance of equipments.
v Supporting activities like keeping the
equipments calibrated for process control.
v Corrective and Preventive action.
v Implementation and maintenance of quality
system pertaining to MNT including documentation and maintenance of records.
v Analysis and decision making within the
framework of company objectives for
continuous improvement
5.PRODUCTION DEPARTMENT
MAJOR FUNCTIONS
v Planning daily production according to annual
target.
v Monitoring actual production and checking for
any deviations.
MANPOWER PLANNING
v Monthly and weekly plans are communicated to
the production head.
v Production head will communicate to
shift-in-charge about daily plan.
v Setup verification is done before starting
workorder and is recorded after the appraisal of setup.Bulk Production is then
started.
v Analysis of setup Non-Conformities is done
daily for implementing corrective action.
v Shift-in-charge monitors the process and
inspections are carried out by QA.
v Route card is issued and is updated by the
shift-in-charge for the required process.
v Work order is issued.
v The whole process is carried out and the
workorder is updated on the completion of each and every stage for
traceability.
Maintenance
department has 2 sub-departments functioning under it. They are Forge shop and
Material preparation department.This is one of the busiest and profit-making
departments in SIFL.
v FORGE
SHOP
In Forging,generally
the raw material is been heated to a high temperature such as 700 degree celsius,900
degree celsius according to the type of material.Die which is prepared
according to the specification of the customer is then fixed to the hammer and
allowed to hit the raw material,applying a certain force by a pneumatic
controlled lever.The process is repeated until the workpiece attains the
desired shape.There will be some unwanted portions left on the workpiece,which
is then removed by a trimming machine.Finished products are then handed over to
the heat treatment department for further processing.
IMPORTANT MACHINERIES USED
Close die forging hammers
v 10
ton hammer
v 6
ton hammer
Open die forging hammer
v 1
ton clear space hammer
Other machineries
v Shot
blasting machine.
v Pneumatic
trimming press of 1000 ton and 500 ton capacity.
v Hydraulic
trimming presss of 1200 ton capacity.
v Billet
shearing machine.
v Oil
fired furnace
v Electric
furnace
v Material
Preparation Department
Major functions
includes cutting of billet according to the required size and dimensions using
accurate cutting tools.Cutting tools employed are band saw,hacksawetc.Die shop
is the main workspace associated with the MPT.
v DIE
SHOP
Ø Die
design and development department.
Ø First
stage in Production dept.
Ø SIFL
designs both single and multi impression dies.
Ø Employs
the latest CAD-CAM facilities for die design and development.
} MAJOR
FUNCTIONS OF DIE SHOP
v Planning
and organizing die and tool works to meet targets and their documentation.
v Support
activities of product identification and traceability.
v Process
control
v Corrective
and preventive action.
v Analysis
and decision making within the framework of company objectives for continuous
improvement
6.TECHNICAL DEPARTMENT
The
main activity of technical department is to ensure and determine technical
accuracy of the plan.Technical department Prepares product drawing similar to
customer needs using computer aided design.After that Die specifications are
determined and will be send to die shop after a detailed inspection by Quality
department.There after, the Process is designed.Process sheet is been issued to
the shop.Process sheet includes detailed steps until the final product
stage.Afterall a “Cost sheet” is prepared forwhich actual material cost,fixed
costs etc are to be determined.Process is followed by adding a reasonable
profit and is transferred to the Marketing department.
Major functions of technical
department are as follows.
v Design
of dies and tools.
v Forging
process establishment and control.
v Monitoring
the effectiveness of corrective and
preventive action taken for controlling the non-conformance of products.
v Enquiry
processing which includes cost estimation.
v Coordinate
the procurement of inspection and measuring instruments, their storage and
calibration.
Ultimate
head of this department is the senior manager who is also controlling technical
and QA department.But the active head is Assistant Manager followed by Engineer
and Assistant Engineer.Office staff includes both skilled and unskilled employees.
7.MARKETING DEPARTMENT
OBJECTIVES
v Monitoring
of sales and distribution.
v Study
and respond adequately to the information from market research and for the
price of the steel
MAJOR MARKETING TOOLS
v SIFLwebsite
v Brochures
v Industrial
expo’s
v AIFI
membership
MAJOR FUNCTIONS
v Sales
v Market
research
v Price
fixation and preparation of price list
v Preparation
of sales report
v Conversion
of steel billets to TMT rods and CDT bars
v Keep
different sales registers
v Customer
contract review
v Customer
complaint review
v Customer
satisfaction through feedback and followup.
PRODUCT PROMOTIONAL
MEASURES
FAIRS AND EXHIBITIONS
They
are organized at local, national and international levels to introduce new
products, demonstrate the products and to explain the social features and
usefulness of the products. Goods are displayed and demonstrated and their sale
is conducted at a reasonable fare.
TRADITIONAL CUSTOMERS
SIFL
being a government enterprise and known for it’squality,has got a range of
companies which includes prestigious institutions like ISRO,HAL,DRDO etc.
CUSTOMER SATISFACTION
SURVEYS
Feedbacks
are collected in an interval of 6 months from all customers to know about the
quality standard of the product as well as to make any adjustments to the
manufacturing procedures.
INDUSTRIAL JOURNALS
Advertisement
of products and their contact information is been provided on famous industrial
journals for product promotion
8.FINANCE DEPARTMENT
v Deals
with management of funds.
v Efficient
use of economic resource such as capital funds.
v Deals
with procurement of funds and their effective utilization in the business.
MAJOR
FUNCTIONS
v Payroll
preparation
v Preparation
of various books of account
§ Cash
book
§ Bank
book
§ Sales
day book
§ Purchase
day book
§ Journal
register
§ Debtors
ledger
§ Creditors
ledger
§ General
ledger
§ Conversion
register
§ Fixed
asset register
v Banking
v Financial
resources and materials accounting
v Budget
preparation
v Cost
accounting
v Auditing
v Preparation
of financial statements and reports.
v Billing
and payment
v Maintains
economic stability by controlling inflow and outflow of funds.
RESPONSIBILITIES OF
DEPT
v All
financial activity like collection and payment.
v Raising
of income.
v Maintain
economic stability in the company.
v Entry
of all expenses in accounts book.
v Maintain
all kind of books of accounts.
v No
financial analysis on statement and give required information to the
management.
CHALLENGES OF DEPT
v Working
capital management should be up to date.
v Presence
of political parties among Board of directors which actually retardates the
progress of the company.
v Company
presently in a stage of loss around 1 Crore Rupees.
v Finance
dept. always face a crisis for the purchase of raw materials from Durgapur to
Athani, because of the high transport and freight charges.
v For
VAT tax, the company cannot take any credit as the raw materials are imported
from outside Kerala.
9.FINISHING AND
DISPATCH DEPARTMENT
After
detailed quality inspection, a shot blasting process will be carried out. It
provides final colour to the product. It is done by blasting the product with
steel balls. Final products are then sent to stores department for dispatching.
QUALITY OBJECTIVE
v Improvement
of the rating of the contractors by 5% every quarter.
v Development
of new subcontractor by atleast 1 every 6 months.
FUNCTIONS
v Process
control of finishing operation.
v Subcontractor
rating.
v Subcontractor
registration and evaluation
v Performance
monitoring of subcontractor
10.R&D
DEPARTMENT(HT LAB)
Here
mainly tests are carried out to regain the mechanical properties of the work
material which are lost as a result of forging.Main tests carried out are
hardening,temperingnormalizing,annealing and so on.Generally these tests are
categorized under DESTRUCTIVE TESTING.Main furnaces used here are…
§ Pit
furnace
§ Aero
furnace
§ Draw
boat furnace
R&D
consists of three different laboratories.viz.Microlab,Mechanical lab and
Chemical lab.
MICRO
LAB
Here
microstructure of the finished product is determined and checked whether it
meets client requirements.For that two machines are used,i.e.microstructure
machine and spectrometer.
MECHANICAL
LAB
Here
the following machines are employed for determining hardness,toughness,strength
and for final polishing and finishing of the material.
v Universal
Testing machine
v Impact
testing machine
v Rockwell
hardness machine
v Polishing
machine
v Finishing
machine
CHEMICAL LAB
Here
final product is allowed to react with various chemicals so that various
properties of the material can be analysed and corrective steps can be taken
before final delivery to the customer.
11.HUMAN
RESOURCES DEPARTMENT
FUNCTIONS
v Organizing,HR
planning and development.
v Recruitment
and selection
v Retirement
v Wage
and salary administration
v Maintaining
of employee records.
v Performance
appraisal
v Welfare
programmes.
v Job
evaluation
v Handling
of employee grievances.
v Handling
legal issues within and outside organization.
HRD
MEASURES
v RECRUITMENT
& SELECTION
§ Should
be more than 18 years old.
§ On
recruitment, every workmen should produce documentary proof of his age to the
satisfaction of Personal manager .
v PROBATION
AND CONFIRMATION
§ Probation
period of 1 year is mandatory for all
workmen, including skilled, semiskilled and unskilled.
§ Even
if a permanent employee is appointed to another department, he will be offered
a probationary post for a period of 1
year.
DEPARTMENT STRUCTURE
OTHER
MEASURES
v TEMPORARY
APPOINTMENT-Should vacate at the end of the period.
v TRANSFER-Workmen
are liable for transfer from 1 dept/ branch
to another.
v FOREIGN
SERVICE AND DEPUTATION-Management can sent an employee to a foreign firm for a
certain period during which workmen will be entitled to receive pay, allowances
from his foreign employer.After this period, the employee can either
continue/resign from the parent company after giving a shorter notice period to
the company.
PAYMENT
STRUCTURE
SIFL
is always committed in ensuring employee satisfaction through their attractive
salary packages.Below listed is a general format of the Salary package offered
by SIFL.
v Basic
v Dearness
allowances
v Housing
allowances
v Work
staff allowances(Higher for factory staff)
In
addition to this SIFL extends other benefits also which are listed below.
v Stitching
allowances for the eligible workmen.
v Washing
allowances
v Canteen
allowances
v Attendance
bonus
v Night
shift allowances
v Acting
allowances
v Overtime
payment(2 times the basic pay)
v Medical
allowances.
SUPER
ANNUATION
v Should
retire on completion of 58 years of age.
v Can
retire after 20 years of service with a written sanction from the management.
TYPES
OF LEAVE
§ Casual
leave-Casual leave is provided for a period of 13 days per year.
§ Earned
leave-For every completed 11 working days,employee is eligible for a day-off
with full pay.
§ Leave
without pay-For those who exceeding the number of casual leaves.
§ Special
leave-It is issued for various occasions like sports events organized by
company, accidents on duty, family planning and so on.
§ Study
leave-For every employee who has completed 3 years in the company,is eligible
for this leave upto a period of 3 years without pay.
§ Maternity
leave-It is issued to female employees in the company for a period of 6 months
based on employee state insurance act (ESI act).
PERFORMANCE
APPRAISAL SYSTEM
PURPOSE
Annual
appraisal reports on employees are valuable documents that should serve as a
reliable index of employee’s potential for-
§ Promotion
and transfer to the position of greater responsibilities.
§ Development
through training.
v Separate
appraisal forms are distributed to Technical, Non-technical and Workmen which
are to be filled by the staff.The management will award marks for the employees
according to their performance for the past 1 year based on the following
criteria’s.
§ Quantity
of work
§ Quality
of work
§ Knowledge
§ Dependability
§ Initiative
§ Aptitude
§ Ability
to work in cooperation with others
§ Attitude
towards organization and working relationship with superiors
§ Job
responsibility
§ Workhabits
§ Mental
ability and judgement
§ Usage
of available resources effectively.
§ House
keeping
§ Attendance.
v GRADES
§ Outstanding-180+
§ Good-130+
§ Average-90+
§ Below
average-50+
§ Poor-Below
50
LABOUR
WELFARE ACTIVITIES
v Bonus
v Provident
fund
v Gratuity
v ESI
v Cooperative
society
v Recreational
clubs
v Vehicle
transport is provided for those who are working on night shift.
v Payment
of advance for marriage of staff.
8. SWOT
ANALYSIS
STRENGTHS
v Only
Public sector forging company in India.
v SIFL
employs heavy hammers for their forging process which are very rare in the
country.So actually the company faces little competition in the country.
v Skilled
and efficient workforce committed to quality and timely delivery.
v Better
employer-employee relationship.
v ISO
9001 certified and facility is approved for defence and aerospace production.
WEAKNESS
v High
transport and freight charges as raw materials are imported from outside state.
v Over
consumption of power and fuel.
v Man
power shortage in production area.
v Unexpected
power failures which are happening during the production process.
v Restrictions
in using Electric power.
v Board
of directory includes more politicians who are unwilling to take risks when
challenging tasks arrive,which retards the progress of the company.
OPPORTUNITIES
v SIFL
has the opportunity to enter International market because of quality forgings.
v Liberalization
and globalization has opened up new export markets.
v As
the demands of forging products are increasing,there are more chances for
getting big orders
THREATS
v Arrival
of more private companies into the industry.
v Unexpected
power failure and restrictions in usage of electric power.
v High
transportation charges as the raw material suppliers and most of the customers
are outside the state.
v Financial
stress on the company as a result of fast increasing input costs.
9. FINDINGS AND SUGGESTIONS
FINDINGS
v Lion’s
share of SIFL’s board of directors consists of politicians who are not at all
interested in taking up challenges.
v Inadequate
manpower in production and maintenance departments which are to be rectified
immediately for the smooth functioning of the company.
v Company’s
major customers and suppliers are located outside the state which causes the
company to suffer high transport and freight charges.
v Generally,promotion
is awarded by considering factors such as seniority.
SUGGESTIONS
v Company
should include experts from various streams among the board of directors,by
controlling the presence of political parties.
v In
future,SIFL should consider about starting the production of raw materials in
their own yard.So that the unwanted transport and freight charges can be
avoided.
v Promotion
should be based on the candidate’s performance alone.
v Involvement
of political parties in company’s business is to be controlled.
10. CONCLUSION
v Company
is envisaged to have a profitable future.
v There
are no records of strikes in the company.
v High
quality is ensured for each and every products that cultivates a signature of
trust among it’s customers.
v Employee’s
are well communicated and shows greater cooperation.
v Right
from accepting tenders for the projects to the final dispatch of products, things
are been handled in a time-efficient and cost-effective manner.
11. REFERENCES
v SIFL
Department manuals
v Various
department staffs and heads.
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