Project Report on Ratnamani Metal & Tubes Ltd

Description
The atoms of metallic substances are closely positioned to neighboring atoms in one of two common arrangements. The first arrangement is known as body-centered cubic. In this arrangement, each atom is positioned at the center of eight others.

REPORT ON RATNAMANI METAL & TUBES LTD.
TABLE OF CONTENT

SR NO.
1

TOPIC Company Profile Mission vision Goal Milestone Achievement Organizational Chart Corporate Information Contact Information

PAGE NO.

2 3

Planning Department Marketing Department Marketing Mix Product Planning Product Decision Product Line ( Brands)

4

Human Resource Development Recruitment Selection Induction Training & Development Promotion

Performance Appraisal Supervision Employee Welfare Industrial Relations
6

Production Department Process ( Manufacturing Base) Plant Location Plant Layout Technology

7

Quality Focus Quality Control Quality Policy

8 9

Inspection & Testing Maintenance Department Mechanical Electrical

10 11 12 13 14 15 16 17 18 19 20

Dispatch Department Store Department Certification & Approvals Packaging Department Financial Planning Inventory Management Working Capital Management SWOT Analysis Suggestion Conclusion Bibliography

COMPANY PROFILE Ratnamani Metals & Tubes Limited engages in the manufacture and sale of stainless steel welded/seamless tubes and pipes, and carbon steel welded pipes in India. It offers a range of carbon steel piping products, including high frequency welded/electric resistance welded pipes, longitudinal submerged arc welded, helical/spiral submerged arc welded, and longitudinal with circumferential seam submerged arc welded pipes. The company’s stainless steel tubes/pipes products comprise seamless tubes and pipes, such as heat exchanger straight and U-tubes, instrumentation tubes, and other pipes; welded tube and piping products, including heat exchanger straight and u-tubes, instrumentation tubes, tubes and pipes for general engineering and process industries, and exhaust tubes for automobile industry; and electric fusion welded pipes, such as longitudinal welded, helical/spiral welded, and longitudinal with circumferential seam welded pipes. Its products are used in heat exchangers, boilers, refrigeration, instrumentation, hydraulics, fuel injection, exhaust systems for automobiles, general piping for power plants, space applications, special pipings for nuclear, oil and gas pipeline, plumbing, heating, water and sewerage, general purpose, industrial, and structural pipe applications. The company serves refineries, petrochemicals, process industries, power plants, cross country pipelines, and city water distribution, as well as oil and gas exploration, and transportation sectors. It also exports its products to Germany, France, the United Kingdom, Egypt, the United States, Holland, the United Arab Emirates, Belgium, Indonesia, and Australia.

RatnamaniMetal& Tubes Limited an “ISO 9001-2000” accredited company started production of Stainless Steel Welded / Seamless Tubes & Pipes & Carbon Steel Welded Pipes wires in 1985 and accepting challenges & ensuring customer delight has been the hallmark of RATNAMANI. Since it’s beginning Ratnamani has used state-of-the at technology with strong emphasis on product quality and customer satisfaction.Ratnamani has grown to become a multi – product, multi-location public Limited company providing total piping solution to a diverse range of industries. Ratnamani is a responsible corporate citizen. The Company uses green power & has a robust safety, health & environment policy. As a result of continuous improvement in every aspect of business, within a short span,today Ratnamani has become one of the most reliable source of quality product both in domestic as well as in international market with annual revenue are in excess of Rs 3.5billion (USD 76 million). Because of its large manufacturing capacity and continuous product innovation with regular upgradation of production process.Ratnamani has achieved economy of scale and is able to serve customer having highly diversified requirements.

Ratnamani is a regular to Mega companies in India such as BHEL, BHPV, GSFC, IFFCO, BPCL, HPCL, MRPL, RPL, IOCL, GAIL, L&T, Reliance Industries and Alfa Laval etc. The prices are very competitive in the overseas markets as well as r result RMTL is exporting its products to customers in U.S.A., Germany, France, Vietnam, UAE, Kuwait, Switzerland, Netherlands, Malaysia, South Africa and Israel.

.

Ratnamani mission is to gear up our infrastructure to meet the requirement of the core sector industries. Ratnamani is dedicated to create increased value for its stakeholders. Ratnamani aims to attain paramount market position for its distinguished product.

We look at the steel Tube & Pipe industry in a different way giving it altogether a different dimension. “Innovation’ can we say! This in a nutshell best describes the corporate vision of Ratnamani.

“Build permanent relationship with the customer by investing in Total Quality for Customer’s delight. Motto: "To achieve perfection by serving our esteemed customers with products of excellent quality, timely delivery and customized packaging design to exceed market expectations."

2005:- Started Manufacturing of welded Cold Drawn Duplex Steel Tubes. Enhancement of Current Capacity by establishing new manufacturing facilities @ Kutch, Gujarat

2007:- The Company becomes a “GREEN POWER Company using 100% Green Power

Ratnamani Metal & Tubes Limited as the company’s 25th jubilee coincides with a period of exciting growth & outstanding international development. Over the past 25 Years, Ratnamani Metal & Tubes Limited has followed it’s vision of manufacturing top quality Stainless Steel Tubes & Pipes & Carbon Steel Pipes for the Indian & Global Market.

ORGANIZATIONAL CHART

Board of Director ShriPrakashSanghvi – Chairman & Managing Director ShriPrakashSanghvi has vast business experience in the metal industry. He leads the core team that is driving the company's growth and transformation from a company predominantly selling Tubes & Pipes to achieving its vision of becoming a technology-led global engineering company. ShriSanghvi has played a vital role in the company's evolution. He has been the architect of the company's projects and expansion strategy. He has helped create new platforms shareholder and societal environmental footprint. ShriJayantiSanghvi - Whole Time Director ShriJayantiSanghvi is one of the key members of the core team responsible for creation and setting up of Development Centres, Resources, Staffing & Training, Facilities & Infrastructure Management and Administration. ShriJayantiSanghvi is constantly focused on process improvements for enhancing productivity Shri Shanti Sanghvi – Whole Time Director ShriShanti Sanghvi is a thought leader on marketing strategy and customer related issues in India, helping organization develop marketing strategies. He is stationed at Mumbai handling marketing activities. of growth for Ratnamani while decreasing the – increasing company's value

ShriDivyabhash C Anjaria – Director ShriAnjaria is an independent professional Director on the Board of the company having stupendous experience in the field of international finance and corporate finance. ShriAnjaria is an IIM – MBA, and has worked with Citibank and UTI. ShriVinod M Agrawal - Additional Director He is an independent non-Executive Director on the Board of the Company with soft business skills. ShriPravinchandra M Mehta – Director ShriMehta is an independent non-Executive Director on the Board of the Company. He is Mechanical Engineer by qualification, has mammoth experience in engineering industry, having spent his entire career in the leading engineering corporate – M/s. Larsen &Turbo. He was an Executive Director on Board of Larsen &Turbo. At the time of his retirement, he was incharge of nine different business units located all over the country. He is extensively experienced in the area of modern technologies, and international businesses.

WHAT WE BELIEVE

We in RATNAMANI METAL & TUBES LTD. are committed to satisfy the needs and expectation of the customers by manufacturing and supplying Stainless Steel Welded / Seamless Tubes & Pipes & Carbon Steel Welded Pipes

This is achieved by... Encouraging participation of employees... » Stated Quality, » Timely Delivery, » Quality Services at all Times. Supplying reliable product assured by complying requirements and continually improving the effectiveness of quality management system

Regd& Sales Office: 17, Rajmugat Society, Navranpura Char Rasta, Ankur Road,Ahmedabad – 380 013, Gujarat (India) Mumbai Office (Head Office):No 9, ShyamlaBhavan, Dr, Deshmukh Lane, 141 Khetwadi Main Road, Mumbai – 400 004 (India) SSTP Division:Survey No 769, Ahmedabad – Mehsana Highway, P.O. Chhatral – 382 729, Taluka – Kadi, Dist – Mehsana, Gujarat (India) Saw Pipe Divisionlot No 3306 to 3309, G I D C Estate Chhatral, Phase – IV, Ahmedabad – Mehsana Highway, P.O. Chhatral – 382 729, Taluka – Kadi, Dist – Mehsana, Gujarat (India).

Kutch Division:Survey No 474, VilliageBhimasar, Taluka – Anjar, Nr Gandhidham, Dist –Kutch – 370 240, Gujarat (India)

Bankers
State Bank of India, Dena Bank, Punjab National Bank, IDBI Bank,ICICI Bank Ltd.

Auditors:M/s. Mehta Lodha& Co. Chartered Accountants.

Introduction of Carbon Steel

Carbon steel, also called plain carbon steel, is steel where the main alloying constituent is carbon. The AISI defines carbon steel as: "Steel is considered to be carbon steel when no minimum content is specified or required for chromium, cobalt, columbium [niobium], molybdenum, nickel, titanium, tungsten, vanadium or zirconium, or any other element to be added to obtain a desired alloying effect; when the specified minimum for copper does not exceed 0.40 per cent; or when the maximum content specified for any of the following elements does not exceed the percentages noted: manganese 1.65, silicon 0.60, copper 0.60. The term "carbon steel" may also be used in reference to steel which is not stainless steel; in this use carbon steel may include alloy steels. Steel with low carbon content has properties similar to iron. As the carbon content rises, the metal becomes harder and stronger but less ductile and more difficult to weld. In general, higher carbon content lowers the melting point and its temperature resistance. Carbon content influences the yield strength of steel because carbon atoms fit into the interstitial crystal lattice sites of the body-centered cubic (BCC) arrangement of the iron atoms. The interstitial carbon reduces the mobility of dislocations, which in turn has a hardening effect on the iron. To get dislocations to move, a high enough stress level must be applied in order for the dislocations to "break away". This is because the interstitial carbon atoms cause some of the iron BCC lattice cells to distort.

Saw Pipe Division

PLANNING DEPARTMENT

PLANNING DEPARTMENT

Planning is also a management function, concerned with defining goals for future organizational performance and deciding on the tasks and resources to be used in order to attain those goals. To meet the goals, managers may develop plans such as a business plan or a marketing plan. Planning always has a purpose. The purpose may be achievement of certain goals or targets. The planning helps to achieve these goals or target by using the available time and resources. To minimize the timing and resources also require proper planning. The various activities involved in planning & scheduling are designing the product, determining the equipment and capacity requirement, designing the layout of physical facilities and materials handling system, determining the sequence of operations and the nature of the operation to be performed along with time requirements(standards time) and specifying certain production quantity and quality levels. In RATNAMANI METAL & TUBES LIMITED also make the planning and scheduling before the process. So they have handling materials, timely delivery, speedily process and better quality. Before any purchasing there should be evaluated the estimation purchase that means How much to purchase, To whom purchase, from where purchase which quantity is purchase.

Purchasedept playing important role in any industries, it indicate the starting of the production. That Dept is given so important because of industries whole production is based on Raw Material and that raw material is purchased. The Planning Dept is planned out those order are depending of customer’s requirement. So Planning Dept is playing wide role in industries.

MARKETING DEPARTMENT Marketing more than any other business function, deals with customer. Building customer’s relationship based on customer value and satisfaction is at the very heart of modern marketing. Marketing is managing profitable customer relationship. The two fold goal of marketing is to attract new customer by promising superior value and keep and grow current customer by delivering satisfaction. Marketing needs determining the need of the customer and converting these into wants. The main aim of marketing now a days is not only to maximize profit but also to maximize customer satisfaction so that the firm may be able to stand up to the through competition into the market and be able to steady increment in market shares. Marketing is the base of every company, without marketing a company can not sell its product, the sale of product result into profit. Marketing includes all sources and sets activities, which are necessary to the flow of goods or product and services from producer to customer in way of distribution. Marketing department includes product planning, market segmentation and advertising .Thus every company has deferent size of marketing department. It means size of marketing is differing from company to company. In RATNAMANI METAL & TUBES LIMITED there is separate marketing department which is handled by the executive officer of the marketing department.

Customer find

Inquiry

Quotation

Purchase order

Order conform

Work prefers

Material dispatch

In RATNAMANI METAL & TUBES LIMITED. First they find out customer through internet, or agent. And they provide Quotation about the Different Product. Customer negotiation about price with Company. Then after customer give purchase order to the company. The company fulfilling customer order. Then productions in charge select the process for the particular product. Which process is suitable for the product So Cost is less, Time is decrease, Timely delivery, Profit margin high and also provide Quality product.

MARKETING MIX

Marketing mix is the set of controllable tactical marketing tools product, price, place, promotion that the firm blends to producer the response it wants in the target market. The marketing mix consist of everything the firm can do to influence the demand for its product the many possibilities can be collected into four groups of variables as the “Four Ps” Price, Product , Place, Promotion. 4P’s of Marketing Mix

Product
Variety Quality Design Features Brand name Packaging Services

Price
List price Discount Payment Period Credit term

Target Customers Intended positioning

Promotion
Advertising Personal selling Sales promotion Public relation

Place
Location Inventory Transportation Logistics

PRODUCT PLANNING Product plays an important role in marketing mix without product nothing is to be done marketing without product buying and selling are existing in the market, product, must provide maximum satisfaction to the customer company should planning for products, so customer can get product easily at maximum satisfaction and if also be convenient for the company itself. In RATNAMANI METAL & TUBES LIMITED. Product planning is easy task because its selling the product as per customer order oriented basis. According to customer also necessity and Willingness Company also does market research and according to its makes necessary changes in products and provided after sales services. There are Inventory of finish goods and raw material in RATNAMANI METAL & TUBES LIMITED

PRODUCT DECISIONS There are some important decisions in the development and marketing of individual products and services. We will focus a decisions about product attributes, process, packaging, timely delivery, Quality of the product and product support service.

A Product line is a group of products that are closely related because they function in a similar manner are sold to the same customer groups are marketed though the same types of outlets, or full within given price ranges. The product lines are related with company’s strategic plan and marketing plan. Product of The Company 1 Stainless Steel Seamless Tubular Product

RATNAMANI's Stainless Steel Seamless Division consists of Hot Extrusion Press, number of Cold Pilgering Mills, Draw Benches, Heat Treatment Furnaces, U-Bending Facilities and all necessary testing equipments to produce high quality tubes & pipes confirming to various International Standards with an annual installed capacity of 8,000 MT. These facilities are capable of manufacturing Martensitic, Ferritic, Austenitic and various Duplex grades. The tubes are supplied according to appropriate standards as well as customer specifications in a large variety of steel grade and dimensions. Specific requirements on execution, tolerances, lengths, and mechanical and corrosion properties are offered on request.

ProductRangeroduct
Heat Exchanger Tubes

Size / Range
10.00MM To 50.80 MM OD

Thickness
1.00 MM To 6.00 MM

Specification
ASTMA – 213, A – 268 To A – 270, 17456 – 213,A 17456 A – & – & 789DIN 17458

Instrumentation Tubes

6.00 MM To 25.40MM OD

0.50 MM To 6.00 MM

ASTMA 269DIN 17458

Pipes

1/8” NB To 1” NB Above 1” NB To 4” NBAbove 4” NB To 8” NB

SCH. 5S, 10S, 40S, 80S SCH. 5S, 10S, 40SSCH. 5S, 10S, 40S

ASTM A-312, A-790

Grade: TP-304/L/LN/H, TP-316/L/LN/H/Ti, TP-317L, TP-321/H, TP-347/H TP-405, TP-410, TP-430 UNS31500, 31803, 32205 Products Manufactured: 1. Heat Exchanger Straight & U-Tubes 2. Instrumentation Tubes 3. Pipes Salient Features:1. Wide manufacturing range 2. Competence to produce tubes with precision tolerances 3. Capability to produce Bright Annealed Heat Exchanger Tubes up to a developedlength of 30 Meters

4. All testing facilities in-house to meet International Standards 2. Stainless Steel Welded Tubular Product

RATNAMANI's Stainless Steel Welded Tubes & Pipes Division consists of a range of Tube Mills, Cold Finishing Section, Heat Treatment Furnaces, UBending Facility and Testing facilities to manufacture high quality products confirming to International Standards with an annual installed capacity of 7,000 MT. These facilities are capable of manufacturing Martens tic, Ferritic, Austenitic and various Duplex grades. The tubes & pipes are supplied according to appropriate standards as well as customer specifications in a large variety of steel grade and dimensions. Specific requirements on execution, tolerances, lengths, and mechanical and corrosion properties are offered on request.

ProductRangeroduct
Instrumentation, Heat Exchanger& General Engineering Tubes Automobile Exhaust Tubes 20.00 MM To 88.90 MM OD 0.70 MM To 2.00 MM As Per Customer’s Requirement

Size / Range
10.00 MM To 114.30 MM OD

Thickness
0.70 MM To 4.00 MM

Specification
A-249, A-268, A-269, A-270, A-554, A-688, A-778, A-789DIN 17455& 17457

Welded Pipes

1/8” NB To 1” NB Above 1” NB To 2” NB Above 2” NB To 12” NB

SCH. 5S, 10S, 40S, 80S SCH. 5S, 10S, 40SSCH. 5S, 10S, 40S

ASTM A-312, A-554, A-778, A-790, API 5LC

Grade: -TP-304/L/LN/H, TP-316/L/LN/H/Ti, TP-317L, TP-321/H, TP-347/H TP- 409, TP-410, TP – 430Ti, TP - 439 UNS31254, 31500, 31803, 32205 Products Manufactured: 1. Heat Exchanger Straight & U-Tubes 2. Instrumentation Tubes 3. Tubes &Pipes for General Engineering & Process Industries 4. Exhaust Tubes for Automobile Industry.

Salient Features:1. Wide manufacturing range 2. Competence to produce tubes with precision tolerances 3. Capability to produce Bright Annealed Heat Exchanger Tubes up to a developedlength of 30 Meters 4. All testing facilities in-house to meet International Standards 5. Bright Annealed Tubes with inside roughness of 0.5 Microns for hygiene application

3.Large Diameter Electric Fusion Welded (EFW) Stainless Steel Pipes

Ratnamani's EFW Pipe Divison consists of a JCO Forming Press, Helical / Spiral Mill, inside and Outside Welding System, Heat Treatment Furnace & Testing Facilities. Welding process employed is GTAW for root-pass and SAW/TIG for final pass with suitable filler wires as prescribed by AWS specifications and ASME Boiler and Pressure Vessel Code, section-IX. These facilities are capable of manufacturing Austenitic and Various Duplex grades. ProductRangeroduct
Longitudinal Pipes

Size / Range
8” NB To 42” NB

Thickness
2.77 MM To 38.00 MM

Specification
ASTM A – 358, A – 409, A – 778, A – 928, API 5LC

Helical / Spiral Pipes

16” NB To 72” NB

2.77 MM To 9.52 MM

ASTM A – 409, A – 778

Longitudinal with circumferential Seam Welded Pipes

20” NB To 64” NB

5.54 MM To 20.00 MM

ASTM A – 358, A – 409, A – 778,

Grade: -TP-304/L/LN/H, TP-316/L/LN/H/Ti, TP-317L, TP-321/H, TP-347/H UNS31254, 31803, 32205

Products Manufactured: 1. Longitudinal Welded Pipes 2. Helical / Spiral Welded Pipes 3. Longitudinal with Circumferential Seam Welded Pipes Salient Features:1. Pipes in Diameter ranging from 8”NB to 42” NB in single Long Seam up to a length of 12 Meter 2. Pipes up to 72” NB in Helical / Spiral Construction up to a length of 12 Meter 3. Solution Annealing Facility up to 100” NB 4. Testing Facilities in – house to meet International Standards

4. Carbon Steel Submerged Arc Welded (SAW) Tubular Product

RATNAMANI's Carbon Steel SAW Pipe manufacturing division consist of a JCO Press, Helical / Spiral Mills, number of Three Roll Plate Bending Machine, Inside outside welding lines, Heat Treatment Furnace and all necessary Testing Equipments to produce high quality pipes confirming to various International Standards with an annual installed capacity of 2,00,000 MT. These facilities are capable of manufacturing various ASTM/API/International Grades. The pipes are supplied according to appropriate standards as well as customer specifications in a large variety of steel grade and dimensions. Specific requirements on execution, tolerances, lengths and mechanical properties are offered on request. ProductRangeroduct
L – SAW Pipes

Size / Range
12” NB To 48” NB

Thickness
5.00 MM To 28.00 MM

Specification
ASTM A – 134, A – 139, A – 252, A – 381

H – SAW Pipes

18” NB To 100” NB

5.00 MM To 20.00 MM

A – 671, A – 672, A – 691, A - 1005

Longitudinal with Circumferential Submerged

36” NB To 100” NB

5.00 MM To 60.00 MM

API 5L, API 2B BS 7191 IS – 1978, 3589, 5504

Products Manufactured: 1. Longitudinal Submerged Arc Welded Pipes 2. Helical / Spiral Submerged Arc Welded Pipes 3. Longitudinal with Circumferential Seam Submerged Arc Welded Pipes Salient Features:1. Capacity to Produce Pipe having very close Diameter Thickness ratio 2. Heat Treatment Facility up to 100” NB 3. Capacity to Manufacture Pipes up to Grade API X – 80 or equivalent

5. Carbon Steel Electric Resistance Welded Pipes.

RATNAMANIhas

diversified

into

manufacturing

of

Carbon

Steel

High

Frequency Induction Welded (HFIW) / Electric Resistance Welded (ERW) Pipes with an annual installed capacity of 1, 50,000 MT. HFIW pipes are made from hot rolled flat steel strip, formed into tubular shape and the longitudinal seam is welded by the application of heating the edges through High Frequency Induction coil and by squeezing the edges. The weld joint is achieved without addition of any filler metal. ProductRangeroduct
HFIW / ERW Pipes

Size / Range
6” NB To 16” NB

Thickness
4.00 MM To 12.70 MM

Specification
ASTM A – 53, A – 135, A – 500, A – 513, A – 523, A – 847, A – 984 API 5L IS – 1161, 1239, 1978, 3589, 3601, 4270

Products Manufactured: 1. High Frequency Induction Welded Pip0es / ERW

Salient Features:1. Capacity to Manufacture Pipes up to Grade API X – 70 or equivalent 2. Online Seam Annealing 3. Online Ultrasonic Testing of the weld line & whole body of the Pipe. 4. All testing facilities in – house to meet International Standards.

HUMAN RESOURCE MANGEMENT Human resource management (HRM) is the strategic and coherent approach to the management of an organization's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resources" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations. In simple sense, HRM means employing people, developing their resources, utilizing, maintaining and compensating their services in tune with the job and organizational requirement. Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human Resource Management can also be performed by line managers.

Meaning: “ Management is the planning, organizing, directing, and controlling of the procurement, development, compensation, integration, maintenance and separation of human resources to the end that individual, organization, and social objective are accomplished. “ “Human Resource Management is the organizational function that deals with issues related to people such as compensation, hiring,

performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training.”

ORGANIZATION OF HR DEPARTMENT

The HR Management is very import function of any organization as it deeds with managing people, which are the most valuable resource of any organization. For the efficient working of any organization adequate support has to be given to the different requirement of its employee such as providing fair wages, handling graveness, and look after the welfare of the employee, proper satisfaction and also the training needs. In most of all the cases all the large scale company has its different personal department. But in RATNAMANI METAL & TUBES LIMITED. It has separate HR department. All the functions of this department perform HR Manager. HR Manager responsible for all the functions of personal department and he has all authority for them. At RATNAMANI METAL & TUBES LIMITED. All the decisions regarding

employees are taken very effectively. They give more important to employee’s efficient and also fair wages. Personnel head always remain aware about necessities of employees and try very much to fulfill them and provide cordial environment to workers for working.

At RATNAMANI METAL & TUBES LIMITEDT this department performs function such as main power planning, requirement, selection main training discipline action and also training programmer.

Recruitment

is

the most but

important a process

function of finding

of

HR

department

Recruitment is nothing

& attracting capable

applicant for employment by recruitment process. HR Department attracts capable and efficient needed person in the organization . There is no any particular policy for Recruitment in RATNAMANI METAL & TUBES LIMITED. Company gives advertise in Newspaper for officer or management staff. Company gives advertise mist properly in the cases for technical or other normal workers. Advertisement in friends, relatives is the main recruitment sources of company named RATNAMANI METAL & TUBES LIMITED.

Personal Planning

Recruitment

Strategy

Searching

Screening

Evaluation
SELECTION Selection is a process of adjusting or placing right man at right place. Generally there is no certain procedure for selection of employees selection process varies from post selection process starts from application received then after holding preliminary interview, reference check, final selection are steps of selection process. All company may not have same selection procedure.RATNAMANI METAL & TUBES LIMITEDhas not particular procedure for selection .It selects the employees based recruitment in each department

Application

Selection Test

Interview

Final Selection

INDUCTION The selected candidates are totally unaware regarding the company's policy and operation and thus it is very much necessary to make to the employee aware of the working of the organization .The induction programme is specially designed for this purpose only. This programme is at around and year in RATNAMANI METAL & TUBES LIMITED.

Successful candidates placed on the jobs need training to perform their duties effectively. Workers must be trained to operate machines, reduce scrap and avoid accidents. It is not only the workers who need training. Supervisors, Managers and executives also need to be developed in order to enable them to grow and acquire maturity of thought and action. Training and development constitute an ongoing process in any organization. There is various type of training i.e. on the job training &Off the Job training, & another one is Refresh Training RATNAMANI METAL& TUBES LIMITEDProvide On the job training. So employees directly know how to work with machine, and other department. Then after HR Manager their performance judged. If the performance of employee is satisfied then employees are taken in the permanent staff of the company. There are four techniques for on-the job developments are use in RATNAMANI METAL & TUBES LIMITED: 1. COACHING 2. MENTORING

3. JOB ROTATION 4. JOB INSTRUCTION TECHNIQUE (JIT)

PROMOTION Promotions mean an improvement in pay, Prestige, position and

responsibilities of an employee within his/her organization. A mere shifting of an employee to a different job which has better working hours, better location and more pleasant working condition does not amount to promotion. The new job is a promotion for the employee only when it carries increased responsibilities and enhanced pay. Purpose of Promotion 1. To motivate employee to higher productivity. 2. To attract and retain the services of qualified and competent people. 3. To recognize and reward the efficiency of an employee. 4. To increase the effectiveness of the employee and of the organization. 5. To impress upon others that opportunities are available to them too in the organization, if they perform well. RATNAMANI METAL & TUBES LIMITED adapted seniority system for promotion worked and also of office staff. Company also takes in the mind factor like performance, capability of work done, work accuracy and experiment of employing promoting then. RATNAMANI METAL & TUBES LIMITEDgets benefits of promotion such as keep employee in high morale sincerity of employee’s induction in cost training.

Performance appraisal may be understood as the assessment of an individual’s performance in a systematic way, the performance being measured against such factors as job knowledge, quality and quantity of output, initiative, leadership abilities, supervision, dependability, cooperation, judgment, health and the like. Assessment should not be confined to past performance alone. Potentials of the employee for future performance must also be assessed. RATNAMANI METAL & TUBES LIMITEDa performance is check regularly i.e. quarterly / half yearly. They record the employee’s performance regarding their work ability to do work & also behavior & these records are used in promoting employee.

Discipline: This refers to the personal aspects of the employee in regards to the able of conduct and the attitude that the employee display. 1. Meaning time: The ability of the employee in to perform duty on time. 2. Attendance sheet: Attendance of the employee during the period. It takesovertime and leave.

3. Rules & Regulation: The extent to which the employee abide by rules and regulation of the company. 4. Punctuality: The punctuality and discipline maintained by the employee during the work. Reporting to HR Manager The extent to which the employee is reporting the activities assigned during the period.

Attitude: This deals with attitude of the employee while on the job. Adjusting: The extent to which the employee is too able to adjust with the circumstance and pressure around in the job. Providing Helps:The readiness to help co-members works and seniors on the job.

Team Spirit: It refers the ability of the employee to work in the and utilizing the ability with the co-members in fulfilling the goal. Team Work: - The ability to perform duty in team. Leadership Quality: - The extent to which the employee has shown leadership quality. Co-ordination with Members: -The extent to which the employee is

Co- Ordination with co-members. Motivating the Co-Members:-The ability of the employee to motivate their Co-Members under difficult situation. There is no separate sheet for Employee performance appraisal. But it is necessary individual check employee performance appraisal. SUPERVISION In RATNAMANI METAL & TUBES LIMITED the employee shall work under the supervision and control of such person as may be decided by the company from time to time. The employee shall diligently and faithfully carry out instructions given by his supervisors and /or persons under whom he is placed to the best of interest of the company.

EMPLOYEE WELFARE RATNAMANI METAL & TUBES LIMITED. Provides Bonus and Gratuity to the employee. The runs of the payment of bonus and gratuity are as under…

Bonus: »According to the payment of Bonus Act,1965 Bonus is paid to the employee at rate of 8.33%min to 20%max. Of the Basic Salary.

Gratuity: According to the payment of gratuity Act 1972, Gratuity is paid to the employees at rate of 15 days salary multiplied by the number of years worked with the company. RATNAMANI METAL & TUBES LIMITED. Provides two types of benefits to the employees:Monitory benefits: » Bonus and Gratuity » Provident fund and government return » Salary and wages Non monitory Benefits:

»House keeping »Staff bus service till Company »Shoes, Dress, Gloves etc »Annually entertainment program »Traveling » Canteen

Insurance: RATNAMANI METAL& TUBES LIMITED.Provides insurance facility to the employee. » E.S.I (Employee Service Insurance) » Personal Accident Insurance which is totally bared by the Company » They provide the personal card and free treatment selected Hospital. Environment, Health & Safety Policy for Employee:-

RATNAMANI IS COMMITED TO COMPLY WITH STATUTORY REQUIREMENTS RELATED TO ENVIRONMENT, HEALTH & SAFETY AND TO PREVENT POLLUTION, INJURY & ILL HEALTH THROUGH CONTINUAL IMPROVEMENT

IN PROCESSES, PRACTICES & EHS AWARENESS BY INVOLVING PEOPLE & INTERESTED PARTIES THROUGH EFFECTIVE COMMUNICATION & TRAINING FOR CONSERVATION OF NATURAL RESOURCES LIKE WATER, ENERGY & MATERIALS

The Company recognizes & lays significant trust on the employee’s training & skill development. The process is carried through a series of training programmer promoting employee participation & job satisfaction. Annual review & appraisal system are aimed at encouraging the performance driven employees & providing necessary support for the development.

PRODUCTION DEPARTMENT

Production means are things used by human laborers to create products. They include two broad categories of objects: instruments of lab our (tools, factories, infrastructure, etc.) and subjects of lab our (natural resources and raw materials). People operate on the subjects of lab our, using the instruments of lab our, to create a product; or, stated another way, lab our acting on the means of production creates a product. Production is the process by which raw material and other inputs are converted into finished products. Production Department refers to the application of management principals to the production function in a factory.In the words, production Department involves application of planning, organization, directing and controlling to the production process. Importance of Production Management »Short new product lead time »Short production time »Increase production volume »Maintain inventory »Maintain quality »Reduce production cost

»Provide customer satisfaction

Process of the Sub Merge Arc Welded Pipes Manufacturing:-

Raw Material Sheet

Inspection (Testing)

Pug Cutting

Beveling

Internal Welding

Set up / Tag off Welding

Pipe Forming

Cremping Machine

Batch Cheeping

External Welding

Gauging

Visual Inspection

Magnetic Particle Inspection

Ultrasonic Testing

Hydro Testing

X – Ray Testing

Marking Weighing

Chamfering

Final Inspection

Dispatch

1. Metal Plate: Having a good Raw Material will decide over allQuality of the product & it will have efficient response from the raw material. Ratnamani are purchasing mainly from there trustily suppliers among them are Essar Steel, Sail, Ispat.

2.Inspection & Testing for Raw Material: The Raw Material is being checking at that department. The Raw material purchased from supplier that need to pass out through various testing the test require for checking the Capacity, Grade & their tolerance limit. They are decided that damage point of the sample from lot.

3. Pug Cutting: -

After verified Raw Material from the Test then that material is ready for making product that is sheet is ready for making Pipe.The material is getting the treatment form these stages the two sides of the sheets clearly make sharp & little triangle shape. This process is perform because when the Two sides of the sheets will mould at that time the sheet will easily weld.

4. Beveling: Beveling treatment is provided for smoother shape for cutting the two sides of the sheets and makes a finish either through manual or by machines. The process make before beveling will have some defect or not enough clearly sheets are ready for next process so for that the beveling provided to the sheets & make a rough sheets to sheets require for the next level.

5. Cremping: After smooth surface of sheet that after sheet move to the next procedure, that procedure is called Cremping. In that procedure the two sides of sheet are mould& move to the getter. The Two corner sides of are punch through heavy weight & make sheets ready for JCO.

4.Controls for Forming & Welding: After molding the two sides of the sheets they are ready for whole circle for that the Forming is playing a role in that machine the sheets is given a shape of like J C O type. RATNAMANI main & final pipe tolerance, following steps &precaution taken in the Forming & Welding in Pipes which are as follows: -

?

The coil is uniform trimmed width of the coil will strictly maintained by means EDGE MILLINGunit. Also quality of milling will maintained well with help of good quality circular blades.

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Only qualified operators are allowed to operate the mill.

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The monitored frequently & continuously feed back regarding the same is available with operator.

5.Setup / Tag Welding: After completing the “O” Shape of sheets the joint is given at certain Place & certain distance. That are those joints or welding is provided through mig that is Metal Inner Gas that is contain to Co2 welding.

6. Internal Welding: Now the half pipe is made before that procedure after providing the MIG welding on Pipe the pipe is ready for Internal Welding. The Internal Welding is providing through machine with the help of copper wire &

Fluxes. As the weld is being made immediately after that Flux is spread on the weld, so that the weld will become strong.

7. Batch Chipping: At this stage Pipe has internal welded & pipe would not be enough strong for performance so that at the stage of set up or tag welding the joint or weld provided on the surface of Pipe at certain distance as been removed that means Co2 is removing at this stage.

8. External Welding: The Process has been done in the internal welding that’s same process has been follow in External welding. The difference is in Internal welding the weld is provide on inner sides of Pipe and in the External welding the weld is provide on outer sides of Pipes. The same wire & Fluxes are been use in that procedure.

9. Gauging: The Pipe is almost ready at this stage. The Pipe is strong enough after internal & external welding at this stage the pipe is being straight through gauging machine. The pipe is put inside the machine & round shape is provided on that. The Pipe is made “Straightness for Strength ness“.

10. Visual Inspection: RATNAMANI is divided this inspection in 3 ways which are as follows:? The Pipe is visually examined full length from outside; pipe shall be rotated for inspecting the full pipe. ? Imperfection are marked with chalk & evaluated. Defective portion of the Pipe is cut off or the pipe is down graded& not supplied to the order. If the pipe end is cut off, the pipe returns fro normal processing, beginning & beveling.

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Ultrasonic thickness gauges is used for verification of wall thickness at Pipe body & ground area.

11. X – Ray Testing / Hydro Testing / Ultrasonic Testing: Is mention in Inspection & Testing as given below:-

12. Repair Welding:? For any defect on the welding seam shall be repaired as per approved WPS. The repair shall be carried out as per API 5L. ? Defective Part or Repaired Area shall be clearly marked.

? ?

Defective pipe shall be repaired by welding or grinding. All repairs requisitions shall be approved prior to execute by Purchase representative.

13. Marking / Weighing: In Ratnamani when Pipe manufacturing Process is complete the company make a marking in each pipe shall be marked from inside at end by white paint stenciling. The Steneiling shall be done at right angle to Pipe axis at least 200 MM from the Pipe ends by using spray gun. Marking shall be in English using Metric unit in following order:Example of Marking:RATNAMANI METAL & TUBES LTD. (APL–5L MONOGRON WITH LICENCE No.) (MO-YR) / PIPE SIZE/GRADE/PSL/E) PIPE NO _________HEAT NO________ LENGTH________ASL NO__________ TESTED PRESSURE________

14. Dispatch: In RATNAMANI METAL & TUBES LIMITED dispatching may be defined as setting production activities in motion through the release of work order

and instructions in accordance with the previously planned time schedules and routings

PLANT LOCATION Plant location may be understood as the function of determine where the plant should be located for maximum operating economy and effectiveness. A selection on pure economics considerations will ensure an easy and regular supply raw material, labour force, efficient plant layout, proper utilization of production capacity and reduce cost of production. RATNAMANI METAL & TUBES LIMITED. Located at Ahmedabad Mehsana Highway. It is developed area. In this area Labours, Electric city,

Raw material, Transportation, Suitable of climate, power, Water, Fire fighting facilities, Finance, Hospital and government policy all the facilities easily available.

PLANT LAYOUT Plant layout refers to the arrangement of machinery, equipment and other industrial facilities, tool rooms and employee amenities for the purpose of achieving the quickest and smoothest production at the least cost. In RATNAMANI METAL & TUBES LIMITED also provide good Plant Layout. » Enough production capacity » Reduce the material handling costs » Reduce the movement of people or material » Reduce accidents » Utilize available space between machine » Provide the employee health and safety » Improve the productivity. » Material handling In RATNAMANI METAL & TUBES LIMITED all machines are not much noise, not air pollution, machine repairer also stay in company’s house, private bore, Electric generator also provides.

Technology is most important factoring production of qualified and better product good technology. Production can not be manufacturing in good manner. Technology used in production of product. In RATNAMANI METAL& TUBES LIMITED. All the processes are machine process. All machines are purchase fromIndia. They have computerized machine and general machine.In RATNAMANI METAL & TUBES LIMITED. Many types of materials like raw material, finished material, semi finished, packaging materials all product are handling.

MOBILE PLANT:-

Water is an essential commodity which is scarce. Hence, there is a need for it to be transported efficiently to all the areas. The best mode of supplying water would be through pipelines. But to supply water of such volume, pipes in excess of 2 Meters in Outside Diameter are required. Projects of such magnitude are not economically viable if pipes are to be transported over long distances. Hence the need for a Mobile plant. Ratnamaniventured into manufacturing pipes at the site by way of mobile plant. The mobile plant caters to customer requirement on location. These plants can be dismantled and re-erected within a short span. This unique feature helps ineasy handling of pipes at site, meeting delivery schedules and cut down transportation cost thus making the project economical and viable. At site the mobile plant can produce pipes having diameter in excess of 36” NB up to 147” NB in various thicknesses, in single random length or double random length depending upon the project requirements.

3 Mobile Plants with an annual installed capacity of 60,000 MT.

QUALITY CONTROL RATNAMANI METAL & TUBES LIMITED one’s of the most valued assets is the product quality. The Quality statement is the guiding force for all of us. Our customer put their trust in our ability to consistently deliver the product to their satisfaction. This trust drives us on continuous basis. The Company has geared up to meet these challenges by completing the backward integration of its Hot Extrusion Plant, improving the organizational

as well as managerial efficiency through constantly upgrading its system & controls.

QUALITY POLICY

In RATNAMANI METAL & TUBES LIMITED. are committed to satisfy the needs and expectations of the customer by manufacturing and supplying Carbon Steel& Stainless Steel Tubular and heat resistance wires of stated quality, timely delivery and reliable services at all times. This is achieved by Encouraging participation of employees. Supplying reliable product assured by complying requirements and continuously improving the effectiveness of quality management system. Ratnamani have also a Quality Policy which was certified & Approval by ISO 9001:2000 by LRQA RATNAMANI IS COMMITED TO CONSISTENTLY SUPPLY STAINLESS STEEL, CARBON STEEL AND COATING TUBULARS TO THE SATISFACTION OF CUSTOMERS THROUGH CONTINUAL IMPROVEMENT IN METHODS, PROCESSES AND RESOURCES TO COMPLY WITH

ISO 9001:2008, API Q1 8th EDITION AND APPLICABLE STATUTORY & REGULATORY REQUIREMENTS

Inspection & Testing:-

The quality is built into the product as a result of inspection and testing at various stages of production starting from raw material stage to finish product. Ratnamani each product undergoes a series of comprehensive mandatory and customer specified supplementary tests at its in-house testing facilities by its qualified personnel in accordance with various International Standards / Specifications. The list of Third Party Inspection Agencies [TPIA], with whom Ratnamani have had privilege to carry our detailed stage-wise inspection & testing, reads like 'Who's Who' Directory of TPIA's. Inspection by Customer's own Survey can also be offered. Ratnamani Follows This Inspection & Testing Method in PIPE

? Destructive Testing:1. Mechanical Testing, Chemical Testing 2. Fully equipped laboratory for Corrosion Testing,Chloride Contamination Testing, Residual StressMeasurement 3. Micro Structure Examination / Analysis 4. Laboratory Spectrometer & Portable Spectrometer 5. Positive Material Identification (PMI) Tester 6. Hydro Testing - Straight as well as U- Tubes 7. Air Under Water Testing Straight Length upto 30Meters 8. Ferrite Content and Surface Finish 9. Fibro scope - Inside Surface checking of tubes having outside diameter 4.7 mm and above ? Non Destructive Testing offered : 1. Ultrasonic Testing with full body thicknessmeasurement:?This method of locating flaws with metal object is more sensitive than radiography ?Ultrasonic inspection is employed to detect and locate internal defects such as cracks, porosity, and lack of fusion. ?Wall thickness can be measured in close vessels or in cases where such measurement cannot be made. ?Ultrasonic inspection for flaw detection makes use of acoustic waves which can be transmitted through solids and get reflected by the subsurface defects. ?Ultrasonic waves from a basis for detection, location and size estimation of defects. 2. Real Time Radiography Testing:The Radiography testing section is divided in 3 Zone which are as follows:-

RADIOGRAPHY EXPOSING ZONE:?6 X-Ray M/C involves in Testing ? 5 Of Balteau, Belgium make &1 Of Ding Dang, China make ? Around 1000 Exposure per day Capacity ? Qualified & well experienced Technicians ? Exposing Capacity of m/c is up 32mm thk. For SWSI Technique up 16mm thk for DWSI Technique. RADIOGRAPHY DEVELOPING ZONE:?Activity carrying out in specially constructed Dark, Closed room with Safe light and divided into two portions 1 in dry & 2nd in wet. (Room Temp. Should be 22deg.C) ? X ray films Developed by passing through 3 types of Chemicals i.e. Developer, Acetic acid, Fixer with sufficient time intervals. ? Qualified & well experienced Technicians ? Films dry in specially constructed drier Zone. RADIOGRAPHY INTERPRETATION ZONE:? Activity carrying out in specially constructed dark Room by using Illuminatter1000 Candle of light intensity. ? Radiography Image are accepting base on film density,sensitivity & contrast and weld defects in the film are accepted base on various acceptance standards, codes & specifications or defined Client’s Specifications. ? Qualified & well experienced (RT-II) Personals ? Internally cleared films Reviewed by TPIA.

MAINTENANCE DEPARTMENT In Industrial Organization maintenance department known as a Service Department.

In Any industry the work cannot run smoothly without their maintenance dept. These dept has conduct various key of Production effectively if maintenance dept will not work effectively then the all system of production will affected. We are not discussing abut only industrial era but also in any field u can find THE MAINTENANCE DEPT. For e.g.If u have purchase a bicycle & use it but if u don’t maintain it properly that will not give a long life use & also that bicycle will be considered as a scrap soon so in that manner the maintenance is again playing crucial role. In RATNAMANI that will same happen with the machinery which is used for making the product that is Pipe from Raw Material (Sheet) to dispatch the

Pipes. The maintenance dept is providing the service to smooth running of machinery and also looking after the breakdown.

In any industrial organization to run the machine with minimum breakdown so production will increase to attain the timely breakdown carry out preventive maintenance up gradation of old design machinery with new design machinery or modification . “It is said that when your maintenance department is not working and they are taking a rest that means your Production is running properly, but if your maintenance department working, working & working that means there are not good sign of production effectively” There are Two departments working under Maintenance Dept: 1. Mechanical Department 2. Electrical Department

Mechanical Department: This Department is mainly dealing with machinery use for Production the employee working in the mechanical department provide supervision and care about the machine’s capacity and the working condition at different types of pipes and sheet. This department is existing because the machine can not secure them for accruing the breakdown. For that reason one mechanical team is allotted for that Job. They need to check out the various machines in decided time. That period of checking has been decide from the Top Mgnt as Yearly Planning and that dept divided that yearly planning into Monthly Planning according to that the Engineers checkout the whole machines their capacity, weakness, & their tolerance limit.

Objective: 1. Checking machinery at regular interval. 2. Making Proposal to Top Mgt for reduce space, time and cost of Machine.

Electrical Department: In any industrial organization to run the machine with minimum breakdown so production will increase to attain the timely breakdown carry out preventive maintenance up gradation of old design machinery with new design machinery or modification . In electrical department they are mainly performance with the supply of whole electrical the is the power of running machine smoothly with out electrical supply the machine will not run, not only supply the power but also check out the breakdown of electrical devices. For e.g. Industry get power supply from GEB they are provided 11000 volts of Electricity but in Industry the machine will not require e that much of Power so, to convert the 11000 volts to 440 volts they puts the converter. Like this there are no of electrical inputs which have been install in the industries. This department is providing safety to all employees. Electrical department has also responsibility of how much unit of

consumption and the Electricity use for machinery. They are also provide the proposal for making the minimum usage and maximum utilization. So we cannot ignore the electrical department in formation of industry.

DISPATCH DEPARTMENT

In RATNAMANI METAL & TUBES LIMITED dispatching may be defined as setting production activities in motion through the release of work order and instructions in accordance with the previously planned time schedules and routings

Stores Department

Material stores as building where goods are kept. Stores and Storage is the function of receiving, storing and issuing materials. It involves the supervision clearance of incoming supplies, to ensure that they are maintained in good condition, safely and in readiness for use when required, while they are storage and issuing them against authorized requisition. In short, it is connected are also physical handling and well- being of the stocks.

CERTIFICATION & APPROVALS

Ratnamani's Quality Management System is accredited to ISO 9001:2000, under the vigilant audit of Lloyds Register of Quality Assurance [LRQA] Quality Management System for Carbon Steel & SS Pipes are also approved by American Petroleum Institute [API], USA, in accordance with API Q1- 8th Edition, leading to monogramming licenses: 5L-0355 (SP-Chhatral) and 5L0510 (CS-Kutch) for Oil & Gas Pipes as per API 5L standard, 2B-0057 (SPChhatral) for Fabrication of Structural Steel Pipe as per API 2B standard and API 5L-C (SSTP-Kutch) for CRA Line pipe as per API 5L-C standard. Bureau of Indian Standards have approved our shop for stamping of ISI mark for its Water & Sewage Pipes as per IS 3589 standard. Quest for.

Quality continues its relentless march at Ratnamani. Ratnamani is at an advanced stage of approval for ISO 14001 & OHSAS 18001

Certification & Approvals by various Agencies:? ISO 9001: 2000 by LRQA ? API 5L, API 5LC & API 2B by American Petroleum Institute ? PED Certification by LRQA ? ADW0 Certification by RWTUV ? "WELL KNOWN PIPE / TUBE MAKER” status by Central Boilers Board – INDIA ? ISO 9001: 2000:- Quality Management System – Requirements ? ISO 9000: 2000:- Fundamentals and Vocabulary ? Recognition as Export House – Issued by Government of India.

PACKAGING DEPARTMENT

Packaging is the science, art and technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of design, evaluation, and production of packages. Packaging can be described as a coordinated system of preparing goods for transport, warehousing, logistics, sale, and end use. Packaging contains, protects, preserves, transports, informs, and sells. It is fully integrated into government, business, institutional, industry, and personal use. RATNAMANI METAL & TUBES LTDis doingeverything from rough handling to extreme weather can damage Tubes and Pipes in transit. Some companies rush through packing and shipping, which can lead to severe damage to the products. At Ratnamani, we take special care in packing Tubes and Pipes and supply shipments correctly! Type of packing at Ratnamani is as follows: 1. Wooden Crates 2. Wooden Boxes 3. Special Wooded Boxes for “U” Tubes – each radius separated

4. Special Packing as per Customers requirement

Packing other Features:1. Customers can provide a packing drawing or Ratnamani can prepare a packing plan. 2. Packing lists, covered with plastic, are placed on each wooden box for easy identification of order details including exact list of radii and lengths inside 3. Each bundle is covered with plastic 4. Vertical separators for each radius. 5. Ends of tubes / pipes protected by plastic / metallic caps. 6. Sea worthy packing in wooden boxes with plastic sheet 7. Ferritic / Martens tic Stainless Steel Heat Exchanger Tubes filled with inert gas (N2) in inside diameter and end caps plugged at both the ends

FINANCE PLANNING

Managerial or corporate finance is the task of providing the funds for a corporation's activities. For small business, this is referred to as SME finance. It generally involves balancing risk and profitability, while attempting to maximize an entity's wealth and the value of its stock. Long term funds are provided by ownership equity and long-term credit, often in the form of bonds. The balance between these forms the company's capital structure. Short-term funding or working capital is mostly provided by banks extending a line of credit. Another business decision concerning finance is investment, or fund management. An investment is an acquisition of an asset in the hope that it will maintain or increase its value. In investment management – in choosing a portfolio – one has to decide what, how much and when to invest. To do this, a company must:
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Identify relevant objectives and constraints: institution or individual goals, time horizon, risk aversion and tax considerations; Identify the appropriate strategy Measure the portfolio performance

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The finance planning is playing a very important role in company. The process of estimating the funds requirements of the firm and determining the sources of funds is called finance planning for every company finance

planning is must. The head of account and finance department spars their most of the time in making planning of finance. It they are not successful in making planning of finance. It they are not successful in making effective financial planning them never success in business.

All companies have their own different plan about financing. So financial planning covers specially. 1. What would be fund requirement? 2. Maximum utilization of funds? In RATNAMANI METAL & TUBES LIMITEDhasits own plan for fixing financial requirement and maximum utilization of fund .In the RATNAMANI METAL & TUBES LIMITED The chairman decides the requirement of fund in board meeting of company. For helping accurate figure of requirement of fund they make forecast of funds. Each and every department maintained its requirement. After deciding requirement of fund company tries to collect money. Again management plans for proper maximum utilization of amount. They have adapted enough controlling measure have that can ensure no idle funds. They have set target for such job in terms of money period required, time consumed, quality assured etc. By doing financial planning in good manner, RATNAMANI METAL & TUBES LIMITED makes effective use of fund and there is no shortage or any idleness of funds.

INVENTORY MANAGEMENT

Inventory management is composed of assets that will be sold in future in the course of business operation. The assets which firm store as inventory anticipation of need are raw materials, work in progress& finished goods. They are an important input of the final product. Inventory as a current asset differs from other current assets because only financial managers are not involved. Rather, all the functional areas i.e. financial, marketing, production and purchasing are includes. The views concerning the appropriate level of inventory around differ among the different functional areas. The job of the various manager is to reconcile the conflicting view point of the various functional areas regarding the appropriate inventory level in order to fulfill the over all objectives of

maximizing the owners wealth. Thus inventory management

of other

current assets should be related to the over all objectives of the firm.

The objective of inventory management consists of two counter balancing parts:1.To minimize the firm’s investment in inventory. 2.To meet a demand for the product by efficiency organizing the firm production and sales operation.

These to conflicting objectives of inventory management can also be expressed in term of cost and benefits associated with inventories and optimum level of inventory should be determined on the basis of trade off between costs and benefits associated with level of inventory. The valuation of inventory at RATNAMANI METAL & TUBES LIMITED. » Raw material and spares are valued at cost. »Stock of the semi-finished. »Stock of finished goods.

WORKING CAPITAL MANAGEMENT

Working capital management deals with the management of the current assets. The two different concepts of working capital are gross working capital and net working capital. Gross working capital refers to the firms’ total investment in current assets while net working capital refers to the difference between current assets &current liabilities. A positives net working capital will arise when current liabilities are in excess of the current assets. The working capital indicates the liquidity position of the firm and suggests the extent to which the working the capital needs may be financed by permanent source of funds. Current liabilities to constitute a margin a better for maturing abdication within the operating cycle of business. Generally the conversional rules are to maintain the level of current assets. Twice the level of current assets is also conceders while determining this. At RATNAMANI METAL & TUBES LIMITEDthe management of the working capital is very efficient and effective. Net working capital of RATNAMANI METAL & TUBES LIMITEDis positive because higher level of current assets over the current liabilities.

SWOT ANALYSIS OF RATNAMANI CO.
STRENGTH
The strength is the symbols of the firm shows the abilities of the firm. There may be internal or external strength. The organization can overcome its weakness to convert them into their advantage. Strength provides competitive edge and reach over the competitors. There may be following strength of the company. »ISO 9001:2000 and ISO9001:2000 by LRQA certified company. »Acknowledged market needs. »Large customer Base and High Brand loyalty. »Fastest deliveries of Stainless Steel Tubes & Pipes. »Excellent pre and after sales support though sales and service. »Motivated sales and service team. »Qualified personnel quick on technology absorption. »Different range of the Stainless Wires and Bright Wires. RATNAMANI METAL & TUBES LIMITEDManagement is participate mgt. so all the problems of employee are solved by the top level management. market leader with high level of customer goodwill. »Always close to the customer. Proactive rather than reactive to changing

WEAKNESS
The organization may also survive by avoiding the unnecessary weakness; Organization shall conduct the feedback and surveys to search for the latest weakness. It requires productive approach and inward looking methods to raise the policies and procedures of the organization. Like strength there may be internal or external weakness a follows…. In competition with the Indian company and foreign company price of the Stainless steel Tubes & Carbon Steel Pipes.

OPPORTUNITY
Opportunity means the chance to do something innovative or to take the advantages of the possible space and gaps existing in the market. Opportunity always exists but main thing is they need to be realized and recognized. This requires a strong motivational.

THREATS
It is an important to analysis the threats of the business SWOT analysis is very useful mechanism in searching the latest threats situations are following as under….. There is no interference of any one except the government because the RATNAMANI METAL & TUBES LIMITEDis limited company.

SUGGESTIONS
After preparing the whole report and analyzing the whole report, I suggest the following opinions for the RATNAMANI METAL & TUBES LIMITED. The company provide Personal Software for detail about the all Customer details, about the Production and Calculation is easy. Raw Materials are manufacturing so the Raw Material cost price also decrease and get high Profit margin.

CONCLUSION RATNAMANI is Engineering Company. RATNAMANI METAL & TUBES LIMITEDproducts are Stainless Steel Tubes & Carbon Steel Pipes. There are some processes on the Wires as per the Customer requirement. Customers are uses wires different application. It also provide quality product. The chairman and managing director Shri.PrakashSanghvi also experience person. The most important is that company’s main aim is not only make profit but with profit to provide maximum service to the company in any or position. Company also contributes to the nation by earning foreign exchange. Company serves society providing full employment to the skilled and also unskilled people and bring up their standard of living. RATNAMANI METAL & TUBES LIMITED. Is able to use maximum power capacity of manpower and also of technical know now a days. Companies achieve ISO certified. Which shows quality improvement of product and best management. Lastly, I am of the opinion that RATNAMANI METAL & TUBES LIMITED has wide scope to developing in coming years.

Reference Book: (1) (2) (3) (4) Human Resource Mgt. by K. Ashwathappa (4th Edition) Marketing Mgt. Bhatt (1st Edition) Organization Behavior by Keith Devis (11th Edition) by Kotler & Armstrong (9th Edition) Production & Operation Mgt. by K. Ashwathappa & K. Shridhara

Web Site: www.ratnamani.com



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