project report on bharat forge

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Import and Export procedure of Bharat Forge

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  • 1. PROJECT REPORTONTHE PROCEDURE OF IMPORT AND EXPORT OF BHARAT FORGE Submitted for the partial fulfillment of the requirement for theAward of the degree Of Post Graduate Diploma in Import & ExportManagement (PGDIEM)SUBMITTED TO: SUBMITTED BY:MRS. APEKSHA SOMWNSHI ESHAN RASTOGIFACULTY PGDIEM SINHGAD INSTITUTE OF MANAGEMENTVADGAON(BK), PUNE.(AFFILIATED TO PUNE UNIVERSITY, PUNE).

2. ACKNOWLEDEMENTIt has been honour and privilege to do my project on the subjectIMPORT AND EXPORT OF BHARAT FORGE. I take this anopportunity to communicate my sincere thanks and regards toeveryone who had contribute to my project and helped mesuccessfully completion.This project report couldnt have been completed without theguidance of my project guide PROF. APEKSHA SOMWNSHI.I express my sincere thanks and gratitude to the above stated personwho have helped in directly and also to those who have helped medirectly.At last I am thankful to honourable director DR. RUPALI JAIN togive us an opportunity to experience the concrete reality of theproject.ESHAN RASTOGIPGDIEMSIOM, PUNE 3. TABLE OF CONTENTSS.NO.CONTENTS 1Registered name of company 2Mission & Vision Statement 3Year Of Establishment 4Promoters 5Current Turnover 6Growth Statistics Over Past Five Year 7Major Product Line 8Major Brands Offered Under Each Product Line 9Operation Location Of Subsidiaries, Branch Office,Corporate Office 10 Number of Employees 11 Recognition/Awards 12 Market share 13 Major Competitors 14 Corporate Strategy 15 Total Export F.Y 2010 2011 16 Major Importing/Exporting Countries 17 List Of Goods/Services Exported By The Company 18 Future Plans 19 Export Import Procedures 20 CSR Activities 4. BHARAT FORGE LIMITED 5. REGISTERED NAME OF THE COMPANYBharat Forge Ltd., the flagship company of the US $ 1.25 billionKalyani Group, is a Full Service Supplier of engine & chassiscomponents. It is the largest exporter of auto components from Indiaand leading chassis component manufacturer in the world.With manufacturing facilities spread over 6 locations - two in India,three inGermany andone in NorthAmerica, thecompany manufactures a wide range of safety and critical componentsfor passenger cars, commercial vehicles and diesel engines. Thecompany also manufactures specialized components for the railway,construction equipment, oil & gas and other industries. It is capable ofproducing large volume parts in both steel and aluminum. BharatForge has built up a strong capability in design and engineering,including a full fledged product testing and validation facility, whichgives Bharat Forge a Full Service Supply Capability -from product conceptualization to designing to manufacturingand product testing & validation. 6. MISSION & VISION STATEMENT To be a world class organization and a leader in every aspect ofour business To aggressively grow business by accessing global markets To deliver products and services of uncompromising quality andintegrity consistent with the Kalyani brand and image To be committed to listening and responding to the needs of ourcustomers, associates and business partners and honoring theirindividual value To be committed to an entrepreneurial spirit that fuels thegrowth of our companies and increases shareholder value.YEAR OF ESTABLISHMENTBharat Forge Limited established in the year 1961 7. PROMOTERSSr.No Name the DirectorCategoryB.N. Kalyani1 Chairman & ManagingPromoter, Executive and Managing DirectorDirector2 S.M. Thakore Non-executive, Independent3 S.D. KulkarniNon-executive, Independent4 P.G. Pawar Non-executive, Independent5 Dr. Uwe Loos Non-executive, Independent6 P.C. BhaleraoNon-executive Director7 Lalita D. GupteNon-executive, Independent8 P.H. Ravikumar Non-executive, Independent9 Alan Spencer Non-executive, Independent 10 Naresh Narad*Non-executive, Independent 11 Dr. T. Mukherjee **Non-executive, IndependentG.K. Agarwal 12 Deputy ManagingExecutiveDirectorAmit Kalyani 13ExecutiveExecutive DirectorB.P. Kalyani 14ExecutiveExecutive DirectorS.E. Tandale 15ExecutiveExecutive DirectorSunil Kumar Chaturvedi 16ExecutiveExecutive Director 8. CURRENT TURNOVERBharat Forge limited current turnover is 1.3$ millionGROWTH STATISICS OVER PAST FIVE YEARToday, Bharat Forge operates in three continents: Europe,North America and Asia. Over the last four years, theCompany has successfully made several acquisitions: Carl DanPeddinghaus and CDP Aluminiumtechnik (in Germany), ImatraKilsta AB (in Sweden), and Federal Forge in the USA. BFL alsohas a majority stake in a joint venture with First Auto Works(FAW) called FAW Bharat Forge (Changchun) Company Limitedthat operates in China.These businesses, along with Bharat Forges Indian operationsform the global BFL group whose performance getsreflected in the consolidated accounts of Bharat ForgeLimited.The standalone & consolidated financial performance isdetailed below (figures in Rs Million) 9. STANDALONE FINANCIAL PERFORMACE OFTHE LAST 5 YEARS FY 2011 FY 2010 FY 2009 FY 2008 FY 2007Total Income 29,935.47 18,88721,06422,84919,453EBIDTA 7,623.184,693 4,075 6,105 5,485PBT4,476.081,807 1,577 3,970 3,598PAT3,105.671,270 1,033 2,736 2,410FINANCIAL PERFORMANCE(CONSOLIDATED) FY FY 2010 FY 2009FY 2008FY 2007 FY 2006 2011Total Income 51,544.41 33,78748,427 47,516 42,75230,851EBIDTA 8,522.343,896 5,2148,0387,433 5,889PBT after 4,444.80(645) 1,1074,4984,363 3,925Exceptional ItemPAT after2,899.06 (634) 5833,0152,906 2,505Minority interest 10. MAJOR PRODUCT LINE Closed Die Forging Crankshaft Front Axle Beams Steering Knuckle Connecting Rods Rocker Arm Transmission Parts Hubs Oil & Gas Open Die Forging 11. MAJOR BRANDS OFFERED UNDER EACHPRODUCT LINEOPEN DIE FORGINGSThe company currently has one 1600T double column pull-down typepress with material handling, heat treatment facilities and supportingmachining facilities to address the forging needs of the followingsectors.Sugar Industry (Fully /Semi Machined)Steel PlantsMiningFan and PumpTools & Plastic Injection MouldingCement IndustryGear Manufacturing and Material HandlingMarineOil & GasForging IndustryWind Energy 12. The company is currently expanding its Open Die forging capabilitiesby installing a 4000T press line with material handling and heattreatment facilities. 13. SUGAR INDUSTRYFully / Semi-Machined Mill Roller Shafts Pinion Shafts Tail Bars Shredder Shafts Cane Cutter Shafts Fibrizor Shafts 14. STEEL INDUSTRY Blooming Mill Rolls Universal Couplings Wobblers Roll blanks for Cold Rolling Mills Hardened Hot Rolling Mill Rolls for slab, plate mills, etc. Trunnioms 15. GEAR INDUSTRY Gear Blanks / Rims Excavator Axles Excavator / Shovel Components Wheel and Gear Shafts 16. FANS AND PUMPS INDUSTRY Integral Flange Shaft Pump Casing Stainless Steel Pump Shafts Fluid End 17. OIL & GAS Shafts Casing / Tubing Spools Open Forge Valve Body / Well Head Blocks Tube Sheets Interconnecting Blocks 18. TOOLS & PLASTIC INJECTION MODULING P-20 Blocks for Plastic Injection Moulding H-13 Tool Steel Blocks for Pressure Casting Tools 19. FORGING INDUSTRY Die Blocks (DIN 2714 grade) Crankshafts for upsetters Container Assembly for Aluminium extrusion Ready to assemble Hammer Spares like Rams / Tups / Sow Blocks 20. SEAMLESS TUBE INDUSTRY Piercing Mill Rows Mandrel Bars and other toolings 21. WIND ENERGY Wind Mill Shaft 22. CEMENT INDUSTRY Pinion & Pinion Shafts Kiln Support Rollers Tie Rods Crusher ShaftsMINNING Conveyor Shafts PinionsMARINE Propeller Shafts Rudder Stock 23. OPERATIONS LOCATION OF SUBSIDIARIES,BRANCH OFFICE, CORPORATE OFFICE 24. GLOBAL LOCATIONBranch (India)BFL Corporate / Head Office - PuneBFL DelhiBFL KolkataBFL JamshedpurBFL MumbaiBFL BangaloreBFL Chennai 25. BHARAT FORGE OFFICESHeadquarters - IndiaPune CantonmentMundhwaPune - 411 036INDIATel: +91-20-26702777Fax: + 91-20-26822387Email: [email protected] at DaunCDP Bharat Forge GmbHJulius Saxler - Str.4D-54550 Daun / VulkaneifelPhone: ++ 49 (0) 6592 - 9501- 0Fax: ++ 49 (0) 6592 - 9501 -11Plant at EnnepetalCDP Bharat Forge GmbHMittelstr. 64D-58256 EnnepetalPhone: ++ 49 (0)2333-796-0Fax: ++ 49 (0)2333-796-388E-mail: [email protected] Plant at Brand - Erbisdorf Bharat Forge Aluminiumtechnik GmbH& Co. KG Berthelsdorfer Str. 8 09618 Brand-Erbisdorf (Germany) Tel. 0049 37322 16389 Fax 0049 37322 16333 Email: [email protected] 26. Bharat Forge America2807 South Martin Luther King Jr. BlvdLansing, MI 48910Telephone: 517.393.5300Fax : 517.393.6256Bharat Forge Scottish Stampings LimitedNeptune Works, East Park Road,Ayr Scotland KA8 9HRTelephone: ++ 44 (0) 1292 613400Fax : ++ 44 (0) 1292 6134333Bharat Forge Kilsta ABP.O. Box 428, SE-69127 Karskoga,SwedenTelephone: ++ 46 58663200Fax : ++ 46 58663209FAW Bharat Forge (Changchun) Company Ltd118-1 Dong Feng Da JieChangchun MunicipalityJilin ProvincePRC 27. BHARAT FORGE OFFICES IN INDIAChennai (Madras)Bharat Forge LimitedFagun Mansion 3rd Floor26, Ethiraj SalaiChennai- 600 105Tel : +91-44-28272116Fax: +91-44-28270921Email : [email protected] DelhiBharat Forge LimitedAntriksh Bhavan, 14th Floor22 Kasturba Gandhi MargNew Delhi-110 001Tel : +91-11-3312484 / 3312946Fax: +91-11-3357083Email:[email protected] /[email protected] Forge LimitedMittal Towers, B Wing15th Floor, Opp. New Council HallNariman Point,Mumbai - 400 021Tel : +91-22-22830317/22830523Fax: +91-22-22040053Email : bharatforgem[email protected] 28. Kolkata (Calcutta)Bharat Forge Limited20 Netaji Subash RoadKolkata - 700 001Tel : +91-33-22305976 / 22306592Fax: +91-33-28500017Email : [email protected] Forge Limited61-A , Rajendra NagarSakchiJamshedpur - 831 001Tel / Fax : +91-657-2426732Email : [email protected] Forge Limited23/2, 2nd FloorKammanahalli Main RoadNext To Vinayak TempleOpp Libetrty Shoe MartSt Thomas Town PostBangalore 560084Tel: (080) 25806570Fax: (080) 25806570E-mail: bharath_forg