shanthi gears limited * others include contract workers and apprentice (trainees) from polytechnics...
TRANSCRIPT
SHANTHI GEARS LIMITED Corporate Presentation
Private & Confidential
Abbreviations
1
1. Bn: Billion
2. FY: Financial year ending 31st March
3. Mn: Million
4. INR: Indian Rupees
5. USD: US Dollar
6. R&D: Research & Development
7. CAGR: Compounded Annual Growth Rate
8. Mm: millimeter
9. Dia: diameter
10. MW: Mega watts
11. TN: Tamil Nadu
12. TNEB: Tamil Nadu Electricity Board
13. PLF: Plant Load Factor
14. PPA: Power Purchase Agreement
15. CAD: Computer Aided Designing
16. CAM: Computer Aided Manufacturing
17. CAE: Computer Aided Engineering
18. GDP: Gross Domestic Product
19. IIP: Index of Industrial Production
Presentation Structure
2
Executive Summary 1
Corporate Profile 2
Financials 3
Annexure 4
Executive Summary
Company / Business Overview
• SGL is amongst the leading players in the industrial gears segment in India. Commenced Operations in 1969.
• Headquartered in Coimbatore, the Company is listed on Indian stock exchanges
• Promoted by a technocrat entrepreneur having over 4 decades of experience in the industry
• Strong professional management team supported by a highly experienced & motivated workforce
• Manufacturer of wide range of critical components involved in power transmission process including gears, gear boxes, geared motors and gear assemblies
• Strongly positioned in the custom made gears and gear boxes with ~80% of revenues from customised products
• Catering across industries like steel, textiles, power, chemical, rubber, paper, mining, cement, sugar etc.
• Only gear company in India having AS 9100C certification (Aero Standards)
• Fully integrated operations with in-house R&D team Design and engineering capabilities Foundry and forging unit More than 20,000 wooden and aluminum patterns library Heat treatment facilities Tool room for cutters manufacturing
• Significant growth potential: Made in-roads into the export market. Clientele across geographies including Americas, Europe, South East and
Middle East Asia Explore related areas of growth – screw air compressors Surplus land available for future expansion plans
• Net sales of ~1,237 million with healthy profit margins ~39% (EBITDA) and ~16% (PAT) for FY 9 months FY 12
• Highest credit rating of A1+ for its short term debt and AA- for its long term debt (ICRA, a Moody’s associate)
Executive Summary
Technical Capabilities
Healthy Financials
Professional Management
Reputed Clientele
Quality Products
Growth Potential
SHANTHI
Corporate Profile
Shanthi Gears Limited (SGL / Company), is amongst the largest players in the industrial gears segment in India
Promoted by a technocrat entrepreneur having over 4 decades of industry experience
Strong professional management team supported by a highly experienced & motivated workforce
Commenced Operations in 1969 and headquartered in Coimbatore, SGL is a public limited company listed on Indian stock exchanges
Manufacturer of wide range of power transmission components including:
Gears
Gear boxes
Geared motors
Gear assemblies
Only gear company in India having AS 9100C certification (Aero Standards)
Fully integrated operations with strong in-house R&D and design capabilities
Employees: ~ 900 professionals
Healthy margins due to strong focus on custom made products
Corporate Profile Introduction
6
1,175
1,641
1272
551 715
500
162 279
200
47%44%
39%
14%17% 16%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
FY 2010 FY 2011 9m FY 2012
Margin %
INR
mill
ion
Total Income PBDIT Net Profit
Operating Margin % Net Profit Margin %
Corporate Profile Key Milestones
7
1969
1972
1980
1986
1987
2002
2008
2011
2011
Established as Shanthi Engineering & Trading Co manufacturing small gears
Converted to a private limited company and started manufacturing gears for textile industry
Initiated manufacturing of worm gear boxes
Equity shares listed on stock exchanges
Started manufacturing industrial and special gear boxes
Certified ISO 9001
Certified AS 9100 C: the only gear company in India with such certification
Internal re-structuring of management. Professional CEO brought on board
Started R&D activities in-house
Corporate Profile Shareholding Pattern & Board of Directors
8
Name & Designation Qualification Brief Profile
Mr. P. Subramanian Chairman & Managing Director
L.M.E. P.D.Prod.E.
Mr. Subramanian is the founder promoter shareholder of Shanthi Gears Limited
A first generation entrepreneur he has vast experience in the industry
Takes care of the overall management of the affairs of the Company
Mr. M J Vijayaraaghavan Independent Director
FCA, Chartered Accountant
Mr. Vijayaraaghavan is a chartered accountant with over 5 decades of experience
Dr. D Padmanaban Independent Director
B.Com, MBA, Ph.D, MCMI (UK), MIMA (India)
Dr. Padmanaban, is an educationalist and social scientist
Mr. C G Kumar Independent Director
B.A, B.L Mr. Kumar is an advocate and has vast experience in the field of law
Mr. M Alagiriswamy Independent Director
B.Sc., FCA Mr. Alagiriswamy is a chartered accountant having decades of experience in his field
Promoter shareholding: • Mr. P Subramanian: 34.6% • Shanthi General Finance Pvt Ltd: 0.9% • Shanthi Social Services: 8.7%
Institution shareholding: • HDFC Trustee Company Ltd: 7.9% • HDFC Standard Life Insurance: 5.0% • National Insurance Company: 2.8%
Promoters44%
FIs & FIIs 17%
Retail39%
Corporate Profile Key Management Profile
9
Name Designation Qualification Total
Experience Experience with SGL
Brief Profile
Mr. VCS Velumani CEO BE 20 1 • More than 2 decades of industry experience • Previously with Siemens (Winergy Drive)
Mr. S Srinivas CFO M.Sc. (Maths) 31 30 More than 30 years of experience in Finance and management functions.
Mr. C Subramanian Company Secretary
ACS, ICWAI 14 9 Over 12 years of experience in costing and company secretarial work.
Mr. P. Vijayaraghavan GM – Engineering BE 38 12 More than 12 years experience in marketing 26 years experience in engineering and R&D
Mr. PR Moorthy GM – Finance CA 21 1 More than 20 years of experience in costing, budgeting and accounting systems
Mr. ES Sathyanarayenan GM – HR MHRM 17 1 Experience in HR and admin functions Worked with Lucas TVS, Winergy Drives etc.
Mr. T Arumugam GM – Marketing MBA 18 1 Experience in marketing and sales & services Worked with Flenders, Grunfos Pumps etc.
Mr. Ranjeet Jadhav GM – Purchase BE 21 1 Over 2 decades of experience in purchase with companies like Siemens, Suzlon, Kirloskar etc.
Mr. C Selvaraj Manager – Production
DME 21 21 Over 2 decades of experience in manufacturing and planning department.
Mr. R. Ramachandran Head – Quality & Compressor
BE 42 6 Over 36 years of experience in QA and production department.
Mr. K Vishwanathan Manager – Info Systems
MCA 16 2 Over 16 years of experience in IT departments as manager and IT head
Corporate Profile Human Resources
10
Chairman & Managing Director
CEO
GM – Sales & Mktg.
Manager - Engineering
Head – Quality Assurance & Management
Representative
Head - Projects
GM - Manufacturing
GM - Purchase
CFO
GM – HR & Admin
GM - Finance
Manager – Information Systems
Company Secretary
Manpower Break-up as on 31st March 2012
Department / Designation Corporate Office Unit A Unit B Unit C Unit F Total Directors 1 1 Senior Level Management 4 8 12 Middle Level Management 3 6 13 27 8 57 Technical 20 22 44 66 54 206 R&D 8 8 Finance / Admin 24 4 4 4 36 Marketing 6 4 90 100 Manufacturing 19 36 214 20 289 Others * 19 5 3 40 108 175 Total 67 66 100 457 194 884 * Others include contract workers and apprentice (trainees) from polytechnics / colleges
Highly motivated and experienced management team supported by strong workforce
Strong levels of human resource related compliances
Employee benefits provided include:
Gratuity
Provident fund
Canteen facilities
Transportation through Company’s own fleet of vehicles
Source: Company Management
Corporate Profile Products
11
Manufacturer of wide range of critical components involved in power transmission process including gears, gear boxes, geared motors and gear assemblies
Products manufactured include:
Both custom made as well standard products
Gears from a few mm dia to 3,200 mm dia
Vertical rolling mills for coal mills and raw mills
All type of planetary gearboxes
Commissioning facility to manufacture MW class wind mill gear boxes and high end gear boxes for power plants
Market leadership position in drives for steel mills
Strong market presence in worm gears
The Company also undertakes re-engineering of existing gears and gear boxes for its clients to enhance capacity
Has identified manufacturing of screw air compressors as potential growth segment
Standard Products Custom Built Custom Built
• Worm Gear Boxes
• Helical & Bevel Helical Gear Boxes
• Geared Motors
• Cooling Tower Gear Boxes
• Extruder Gear Boxes
• Rolling Mill Gear Boxes
• Textile Gear & Gear Assemblies
• Loose Gears
• Spur / Helical Gear
• Pinion Shaft
• Internal Gear
• Worm and Wheel
• Straight Bevel Gear
• Spiral Bevel Gear
• Spares for imported machines
• Special Gear Boxes for industries like:
• Cement
• Mining
• Power
• Paper
• Steel
Planetary Gearbox
Detailed product profile in Annexure - 1
Though significantly low in overall project cost, gear is amongst the most critical part of any manufacturing industry
Corporate Profile Infrastructure
12
Six units located near Coimbatore One of the largest gear manufacturing facilities in India Completely integrated facilities with in-house R&D, designing,
foundry, fabrication unit and tool room for cutters The Company has following facilities available in-house:
Manufacturing Foundry Forging Fabrication Engineering Metrology & Calibration Quality Assurance
Power linkages: Total sanctioned power - 6,500 kVA Own diesel gensets - 8,500 kVA Own wind mill power - 6.66 MW
Significant investments in IT infrastructure. Implemented a fully integrated Oracle ERP system
Surplus land to the extent of ~80 acres providing huge scope for future expansion Manufacturing Facility
Fully integrated manufacturing facility with huge scope for future expansions
Unit Land Area (Acres)
Building Area (sq ft) Activity
Unit A 0.72 49,376 Gears for textile industry Unit B 1.50 61,798 Gears for textile industry Unit C 24.55 577,363 Main manufacturing unit Unit D 70.72 93,334 Presently Vacant
Unit E 9.02 119,535 Long term lease to Shanthi Social Services
Unit F 5.76 141,683 Pattern making, casting, forgings, fabrication
Other 9.06 Vacant TOTAL 121.33 1,043,089
Corporate Profile Infrastructure – Manufacturing Facilities
13
• Equipped with latest CNC facilities for the entire manufacturing process consisting of: Turning Milling Gear Cutting / Gear Hobbing & Gear Shaping Keyway Milling / Broaching / Slotting Heat treatment Internal / External / Surface Grinding Gear Profile Grinding Casing / Housing Machining Joining / welding Radial drilling Assembly, testing, painting and packing is all done in-house
• Most modern & largest CNC-controlled pit type carburizing heat treatment plant in India
Built-up area of 27,500 square feet
Pit type carburizing furnaces (9 nos.)
Upto 2.5 mtrs dia
7 tons weight capacity
Tempering furnaces (6 nos.)
Quenching tanks (6 nos.) with 185,000 ltrs of oil
Electrically heated pit type vertically sealed retort furnaces for gas nitriding and gas nitro - carburizing
Vacuum carburizing furnaces
Washing, Shot Blasting & Peening
One of the largest and most modern manufacturing facility in India with all processes performed in-house
List and specifications of key Plant & Machinery provided in Annexure - 2
Heat Treatment Facilities Machine Shop Facilities
Corporate Profile Infrastructure – Foundry Facilities
14
~ 25 years track record of proven quality in foundry operations
Capacity of 5,000 tons of castings per annum
Manufacturing of graded casting in Grey cast iron and SG iron with weights varying from few grams to 2,000 Kg
Centrifugal casting of Phosphor Bronze rings upto 1,200 mm dia and gravity die casting of aluminium
Electrically operated stress relieving furnace of max weight 5,000Kg
Fabrication Shop Pattern Shop Moulding Shop Forging Shop
• Facility to manufacture single piece upto 10 tons
• CNC flame cutting machine – max 250mm thick
• Stress relieving muffle furnace
• Welding with ARC/MIG/TIG
• CNC vertical machining center facility with 2D drawing to 3D modeling
• Wooden and aluminium patterns developed over the years exceed 20,000 in numbers
• Modern machines like ARPA 900, Unitherm 450
• Single piece casting with maximum weight 2,000 kgs
• Mechanised sand plant of 20 tons / hr mixing capacity
• Capacity of 80 tons / month
• Open type forging for gears and shafts
• Plain forgings, ring forgings and step forgings
• Hammer capacity: 1 tonne
• Forging weight 500kg max size: 600mm dia
Corporate Profile Infrastructure – Engineering Facilities
15
Engineering Facilities
Technology Centre (R&D)
CAD / CAM Services
Extensive in-house engineering facility, with a total strength of 47 employees, experienced in providing optimum and comprehensive technical solutions for the last four decades
State-of-the-art work stations with industrial leading CAD/CAM/CAE packages including- CREO/Pro-Engineer, Solidworks, Autodesk Inventor, Cimatron, Kisssoft, AGMA gear suite, TK Solver, ANSYS, Cosmos, Pro-Mechanicca, Gleason-TCA etc
Separate technology center (R&D), with a total strength of 8 employees, for continuing research, development and technology up-gradation activities
Dedicated to introduce a world of new ideas, innovations and solutions for improved plant performance and product quality
CAD /CAM team having abundance of knowledge and experience which can be utilised to provide consultancy services and corporate trainings in the areas of: Engineering Design
3D modeling & 2D drafting
Technology management and decision support systems
Generation of NC codes and post processing
SGL’s in-house proprietary programs ( V-GEARS) and the customized document management system are few flagships of Company’s API, Knowledge management & Decision Support System
FEA, FVA, FMEA analysis
Manufacturing & tooling solutions
Customisation in CAD/CAM software
Engineering document management
Engineering Services
SGL undertakes re-engineering of existing gears and gearboxes, for any plant and machinery to enhance their capacity, in order to withstand higher speed, feed and load within the available space
For original equipment manufacturers, Company does the following:
FMEA: Failure Mode Effect Analysis; FEA: Finite Element Analysis; FVA: Free Vibration Analysis
Source: Company Management; Company Website
Design of gearbox Bill of materials
Complete manufacturing drawing Making of prototypes
Corporate Profile Infrastructure – Metrology & Calibration and Quality Control Facilities
16
Metrology & Calibration Lab Quality Control Facilities
• To ensure the reliability of the measured dimensions, SGL has set up full fledged calibration facilities in-house
• Calibration lab is equipped with instruments like:
Trimos Lab concept (0.3 micron accuracy)
50X Nikon computerised profile projector
Zeiss contour checking
Zeiss surface roughness tester
Renishaw Laser Calibration Kit (Laser ML 10 and Ball Bar QC 10): Machine tool performance measurement and calibration systems with auto error compensation directly into the machine controller like Fanuc, Siemens etc.
• Strict quality control measures
• All the facilities in house to undergo various testings like:
Dimensional checking
Hardness Testing
Profile checking
Material Physical properties checking
Non Destructive Testing such as Ultrasonic testing, Magnetic Particle Testing, Dye Penetrant Testing, Nital Etching Testing and Chemical Testing
Renishaw Laser Calibration Kit Engineering Facilities
Corporate Profile Infrastructure – Wind Mills
17
Wind Mill Specifications
Particulars Wind Mill 1 Wind Mill 2 Wind Mill 3 Wind Mill 4 Wind Mill 5 Wind Mill 6 Wind Mill 7 Make Bonus Bonus NEPC Suzlon Suzlon Suzlon Suzlon Output Power 320 KW 2 X 320 KW 2 X 225 KW 1250 KW 1250 KW 1250 KW 1500KW Installed Mar 1997 Mar 1997 Aug 1995 Mar 2006 Sep 2006 Aug 2006 Sep 2007 Location Unit D Unit D Unit D Tirunelvelli, TN Tirunelvelli, TN Tirunelvelli, TN Tirunelvelli, TN PPA with TNEB TNEB TNEB TNEB TNEB TNEB TNEB PPA rate (INR / unit) 2.9 2.9 2.9 2.9 2.9 2.9 2.9 Units Generated * 422,545 868,850 493,448 2,546,298 2,588,796 3,017,070 3,736152 PLF % 15.1% 15.5% 12.5% 23.2% 23.6% 27.6% 28.4%
Total power generation capacity of ~6.66 MW
Agreement with Tamil Nadu Electricity Board (TNEB)
Wheeling agreement for power being wheeled to Unit C and Unit F
Banking facility. Invoicing done at end of year based on the units not consumed
Units Generated (FY 2011):
Total: 13,673,159
Surplus sold to TNEB: 4,030,946 (Revenue of INR 11.7 million)
Wind mills 1, 2 & 3 installed at Unit D and maintained by the Company
Wind mills 4, 5, 6 & 7 installed on Company owned land and operated & managed by Suzlon
* During FY 2011
Corporate Profile Manufacturing Process
18
Process Steps
Capable of designing gears/ gear boxes for standard and customized applications
CAD, CAM, CAE and Gear calculation software are used for design
60 design personnel
Process Capabilities
Design
Foundry – Ferrous /
Non- Ferrous
Forging Turning Key Way Milling
Gear Hobbing / Cutting
Heat Treatment
Profile Grinding of Spur Helical
Worm Profile
Grinding Assembly
Over 20,000 wooden, aluminum patterns available
Cast iron foundry with mechanized sand plant
Centrifugal casting of phosphor bronze rings
Steel fabrication upto 10 T single piece
Hot open forging
Open forging facility upto 500 kg single piece
Max 500 mm dia
Capability to go upto a max diameter of 3,300 mm
Provides a key way for the locking of shaft / gear
Machines available for milling and keyway milling / broaching / slotting
Gear hobs and milling cutters upto 30 module
In-house gear hobbing machines
In-house cutter manufacturing facility
Heat treatment for hardening the surface
Most modern computer controlled heat treatment plant. 5 nos. pit furnaces including 2,400mm dia furnace
Surface treatment including nitriding
Increases accuracy and improves surface finish
Gear grinders including state of the art ‘Reishauer’ “Gleason Pfauter and Kapp gear grinding machines
Gear tooth profile grinding
In-house thread/ worm profile grinding machines
Specialized machines & set-up for Rotor Grinding
Assembling the gear for delivery
Testing of the gear before packing
SGL has control over every stage of gear manufacturing enabling it to achieve excellent quality, delivery standards
State of the art machines, strong customization/ design expertise and largely in-house manufacturing contribute to SGL’s manufacturing strength
Manufacturing cycle ranges from 4 to 16 weeks depending on product/ customization. Strong capabilities to effectively supply spare gears at short notice by a special route card .
Corporate Profile Marketing Network
19
The Company has a strong marketing network with offices across 15 cities of India with a strength of ~100 employees
Marketing offices strategically located in / near to industrial hubs
Company owned offices in Mumbai and Baroda
All international sales are conducted directly by the Company. No agent / distributor involved
In smaller cities, Company has resident sales representatives
26 non-exclusive dealers across India contributing to ~8% of sales
Chennai Bangalore
Hyderabad
Marketing / Sales offices
Vishakapatnam
Delhi
Kolkata
Mumbai
Baroda
Pune
Nagpur
Madurai
Dindigul Salem
Raipur
Marketing Manpower Break-up
Location Strength Factory Units 14 Coimbatore 27 Mumbai 6 Chennai 6 Delhi 9 Bangalore 3 Kolkata 7 Baroda 5 Hyderabad 6
Marketing Manpower Break-up
Location Strength Madurai 5 Pune 3 Dindigul 1 Raipur 1 Nagpur 2 Salem 1 Vizag 1 Trissur 1 Udumalpet 1
Company Profile Quality Control
20
• The Company places significant emphasis on quality control measures
• Employs ~35 people in the Quality Assurance Department (QAD)
• In-house full fledged metrology & calibration lab to ensure reliability of measured dimensions
• Each order processed through Oracle ERP right from raw material purchase to final product dispatch and after sales service
• Each order has a Unique Identification Number generated by the system
• From the identification number complete history can be tracked including
Date of manufacture
Details of raw material used in manufacture of the product
Machines on which the product was processed
Heat number in heat treatment
Test reports
Inspection details from QAD etc.
• For each operation actual dimensions are entered in an In Process Inspection Report (IPIR) and approved by the QAD
• Due to strict quality control, warranty cost is less than 1% of sales
Strong focus on quality, having the distinction of being the only gear company in India having AS 9100 certification
Company Profile Raw Material / Sourcing
21
• Raw material constitutes ~50 % of total expenses
• Key raw material procured include Steel Rods, Bearings, MS Plates and Foundry products
• Raw material procured only from reputed manufacturers along with heat number and test certificates. No purchases from dealers -ensures best quality
• Due to higher lead time in procuring specific grade steel from producers, the Company maintains a relatively high inventory of different specifications of steel and forgings
Top 10 Suppliers (Current Year)
Suppliers Product Value (INR mn) Supplier 1 Steel Rod 104.55 Supplier 2 Steel Rod 104.28 Supplier 3 Bearings 41.26 Supplier 4 Foundry 30.02 Supplier 5 Steel Rod 20.95 Supplier 6 Foundry 17.04 Supplier 7 M.S.Plate 13.94 Supplier 8 Forgings 10.75 Supplier 9 Forgings 9.06 Supplier 10 Foundry 9.02 Total 360.88
Break-up of Raw Material Consumed (FY 2011)
Steel rods and forgings contribute to ~40% of the total raw material cost
Steel Rods & Forging
40%
Bearings11%
Ferrous items15%
Non Ferrous items7%
MS Plate6%
Consumables20%
Others1%
Company Profile Select Clientele
22 Monnet Ispat & Energy Limited
Note: Brand names, Trademarks and Logos are property of the respective companies
Financials
Financials Historical Financials
24
Profit & Loss Account
FY 2010 FY 2011 9m FY
2012 In INR millions Net Sales 1,213.87 1,603.60 1,236.90 Other Income* 70.65 48.77 34.62 Total Income (after stock adj) 1,174.53 1,640.95 1,271.52 Total Expenses 623.87 926.12 771.69 EBITDA 550.66 714.83 499.82 Operating Margin % 46.9% 43.6% 39.3% Depreciation 269.27 268.46 201.99 Financial Charges 38.13 8.76 4.11 PBT 243.26 437.61 293.73 Net Profit 161.85 278.62 199.81 Net Profit Margin % 13.8% 17.0% 15.7%
Balance Sheet
FY 2010 FY 2011 In INR millions Share Capital 81.72 81.72 Reserves & Surplus 2,026.77 2,210.41 Total Loan Funds 256.29 97.54 Deferred Tax Liability 174.94 142.57 TOTAL SOURCES OF FUNDS 2,539.71 2,532.24 Net Block 1,749.23 1,579.16 CWIP 51.70 75.37 Total Current Assets excl. Cash & Bank Balance 680.21 757.19 Total Current Liabilities 231.49 355.05 Net Current Assets 448.71 402.14 Cash & Bank Balance 290.06 475.57 TOTAL UTILISASTION OF FUNDS 2,539.71 2,532.24
• Steady growth in revenues from FY 2010 onwards
• Healthy operating and net profit margins. Exceptional increase in employee costs during FY 2012 resulted in dip in EBITDA
• High cash & bank balance of ~INR 560 million with negligible debt on the balance sheet
• Surplus land available for future expansions.
• Highest credit rating of A1+ for its short term debt and AA- for its long term debt (ICRA, a Moody’s associate)
• Order book of ~INR 570 million as on March 31, 2012 to be executed within next 3-4 months
* Other income include sale of wind power units, interest income and miscellaneous income
Financials Historical Financials
25
Net Sales, EBITDA and PAT Expenditure Break-up
RoCE and RoNW Net Worth Growth
Gross Block of ~INR 3,535 mn
Net Block of ~INR 1,580 mn
CWIP of ~INR 75 mn
Mar 2011 Nos.
1,213.9
1,603.6
1,236.9
550.7
714.8
499.8
161.8 278.6
199.8
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
1,600.0
1,800.0
FY 2010 FY 2011 9m FY 2012
INR
mill
ion
Net Sales EBITDA PAT
286.5 523.6
350.96
163.1 183.1
205.51
39.2 52.8
215.2263.5 75.3 71.2 91.0
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY 2010 FY 2011 9m FY 2012
Material Cost Labor Cost Power & Fuel Repairs Administrative Expenses
Other expenses combined
2,108.5
2,292.1
2,491.9
1,900.0
2,000.0
2,100.0
2,200.0
2,300.0
2,400.0
2,500.0
2,600.0
FY 2010 FY 2011 9m FY 2012
INR
mill
ion
11.9%
18.7%
7.7%
12.2%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
FY 2010 FY 2011
RoCE RoE
323.48 547.48 346.15
890.39 1,056.12 1,376.40
0%
20%
40%
60%
80%
100%
FY 2010 FY 2011 CY 2012
Standard Products Customised Products
26.6% 34.1% 20.1%
73.4% 65.9% 79.9%
Financials Sales Segmentation
26
Standard Products Vs Customised Products Industry-wise Sales Segmentation (Current Year)
Product-wise Sales Segmentation (Current Year)
NS Loose Gears24%
NS G/B26%
Worm G/B15%
Helical G/B10%
Textile Products5%
Bevel Helical G/B4%
ISO Items4%
Engg. Products2%
Spares3%
Labor Job3%
Geared Motor2%
Others2%
• Created a niche in customised products with ~80% of net sales from customised products in current year
• Steel industry contributes highest to the sales (~10%) followed by textiles (~7%)
• General engineering includes railways, aerospace etc.
• Amongst products, gear boxes (non standard, bevel, worm, helical) contribute highest to the revenues
General Engineering
40%
Machine Tools2%
Others21%
Mining & Constructions
1%
Steel10%
Textiles7%
Chemicals & Plastics
1%
Conveyor & Material Handling
3%
Windmill3%
Earthmoving3%
Paper & Rubber2% Lift & Elevators
2%
Cement2%
Extruders2%
Sugar1%
1,120.29 1,498.44 1,521.79
93.58 105.17 200.76
0%
20%
40%
60%
80%
100%
FY 2010 FY 2011 CY 2012
Domestic Sales Export Sales
Financials Sales Segmentation
27
Chennai Bangalore
Hyderabad
Delhi
Kolkata
Mumbai
Baroda
Pune
Domestic Sales Vs Export Sales
12% % of Revenues : DELHI
11% % of Revenues : EAST INDIA
.12% % of Revenues : MAHARASHTRA
5.4% % of Revenues : ANDHRA PRADESH
6.5% % of Revenues : KARNATAKA
7.5% % of Revenues : GUJARAT
• Growth in exports from 6.6% in FY 2011 to 11.7% of net sales in current year 2012
• Customer base spread across the nation
27% % of Revenues : TAMIL NADU
Coimbatore
Ahmedabad
92.3% 93.4% 88.3%
7.7% 6.6% 11.7%
Wind Mill Planetary Gear Boxes
Financials Sales Segmentation - Exports
28
Sixth Largest export market for SGL
7% of total exports
UK
Constitutes 1.9% of total exports
SWITZERLAND
Fourth largest export market Constitutes 8.5% of exports
SAUDI ARABIA
Contributes 1.8% of total export revenues
INDONESIA
Constitutes 2.3% of total exports
SRI LANKA
Contributes 1.8% to total export revenues
BANGLADESH
Second largest export market for SGL
Constitutes 21.9% of exports
THAILAND
Fifth largest export market Contributes to 7.3% of export
revenues
MALAYSIA
Third largest export market Constitutes 10.2% of exports
USA
Largest export market for SGL 27.7% of total exports
CANADA
Other countries of export includes Singapore, China, Kuwait, Germany, UAE, Kenya, Italy, Netherlands etc.
Loose gears and spares constitute to the maximum sales amongst exports. There is a huge untapped export potential
Top 10 export markets contribute ~90% of total export sales
Financials Sales Segmentation
29
Revenue Concentration Top 10 Customers (Current Year)
Customer Major Product Value (INR mn) Customer 1 Non standard gear box 78.11 Customer 2 Helical, Bevel helical gear box 60.06 Customer 3 ISO Items 44.00 Customer 4 Worm gear box 43.23 Customer 5 Non standard loose gears 38.93 Customer 6 Non standard loose gears 38.63 Customer 7 Non standard gear box 37.89 Customer 8 Helical gear box, Geared motor 30.66 Customer 9 Non standard gear box 28.26 Customer 10 Non standard loose gears 27.82 Total 427.60
• Progressive broad basing in customer base. Decline in concentration amongst the top customers leading to lower dependence on single customers.
• Largest customer contributing only ~4.5% of the revenues
• Company has developed expertise in niche and custom built orders.
• Typical order execution time is 3-4 months.
8.4% 6.8% 4.5%
21.4%18.2%
15.3%
30.3%28.3%
24.8%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
FY 2010 FY 2011 CY 2012
Top Customer Top 5 Customers Top 10 Customers
Financials Working Capital Assessment
30
Debtors Ageing Analysis (Current Year) Creditors Break-up (Mar 2011)
1 - 30 Days45%
31 - 45 Days14%
46 - 60 Days3%
61 - 90 Days4%
91 - 180 Days5%
181 - 365 Days5%
More than 365 Days24%
• Company has an average debtors days of ~50 days historically
• Dues over 365 days being negotiated with customers
• Company maintains large inventory of raw material as it buys directly from steel producers to maintain quality of raw material
• Loans & advances consists of advance for purchase of capital goods, advance to customs for machinery imports, prepaid expenses etc.
• Other current assets is primarily interest accrued and receivable by SGL
• Creditors include advances against orders from customers
INR millionFY Ending 31 March 2010 2011Current AssetsDebtors 148.7 258.7 Days of revenue 45 59
InventoryRaw Material 191.5 177.5 Semi Finished Goods 253.5 237.7 Finished Goods 15.8 20.2
Loans & Advances 65.7 60.5 Other Current Assets 5.0 2.6 Total Current Assets 680.2 757.2 Current LiabilitiesCreditors 152.9 240.3
Provisions 78.6 114.8 Total Current Liabilities 231.5 355.1 Net Working capital 448.7 402.1 Increase / (Decrease) in WC (46.6) Days of revenue 135 92 % of revenue 37% 25%
INR millionFY Ending 31 March Mar 2011Liability for Capital Goods 51.42 Liability for Purchases 30.68 Liability for Expenses 60.54 Advance from Customers 92.01 Liability for Other Finance 2.21 Other Liabilities 3.40 Total Current Liabilities 240.27
Annexure
Annexure – 1 Product Descriptions – Standard Products
32
Standard Product Descriptions
Product Category Ratio Type
Worm Gear Boxes
Adaptable 1.125” to 3.37” size
5:1 to 70:1 in single reduction and 4900:1 in double reduction
• Under Driven / Over Driven / Vertical Input or Output Shaft Version / Shaft Mounted Version
• All types with motor mounting adaptor / motor – optional
Standard 3” to 17” size
5:1 to 70:1 in single reduction and 4900:1 in double reduction
• Under Driven / Over Driven / Vertical Output Shaft Version / Shaft Mounted Version
• “NU” Series gear Boxes up to 9” (228.6mm) CD with integral foot • Heavy Duty stirrer Gear Boxes
Special • Worm Geared Motors, Cooling Tower Gear Boxes, Lift Duty Worm Gear
Boxes, Tube Mill Gear Boxes, Heliworm Gear Boxes, Screw Jacks, Luffing Gear Boxes, Import Substitution Gear Boxes
Helical and Bevel Helical Gear Boxes
Standard & Custom Built Size upto 800mm
Upto 630:1
• Foot Mounted Solid Shaft / Hollow Shaft Versions • Output Shaft Vertical Up / Downwards • Shaft Mounted Version with Shrink Disc • Non- reversing type (Hold –Back)
Geared Motors Foot or Flange mounted Upto 90kW range
• Geared Motor (Unit with Motor) • Gear Unit ( Without Motor) • Gear Unit with input shaft
Cooling Tower Gear Boxes
Size of 130, 160, 185, 225, 265, 320, 370 & 442
5:1 to 16:1 • Bevel Helical with Vertically upward output shaft
Rolling Mill Gear Boxes
Foot Mounted / Rail Mounted
• Helical Reduction gear boxes • 2HI and 3HI Pinion Stands • 2HI and 3HI Pinion Stands cum Reduction Gear Boxes • 2HI and 3HI Pinion Stands cum Speed increaser Gear Boxes
Annexure – 1 (Contd..) Product Descriptions – Standard Products – Textile Gear and Gear Assemblies
33
The Company manufactures following types of gears and gear assemblies for the textile industry:
All types of Spur Gears /Helical Gears /Worm & Worm Wheel / Rack& Pinion, Internal / external Ratchet, Sprocket and Timing Belt Pulleys.
Straight and Spiral Bevel Gears
Conversion of Head Stock Gearing end for all types of Ring Frames
Ball bearing conversion of lifting lever bracket for all types of Ring Frames
Pocker Rod and Tube with top flange suitable for all types of Ring Frames
Philipson Roller Speed Reduction Gear Unit for Carding Machine
Coiler Calender Roller Assembly for Carding machine
All types of Cams
Traverse Motion Unit for all types of Ring Frames
Differential Gear Unit for Comber
Tin Roller Pulley Conversion for all types of Ring Frames
Products Specifications / Types Spur / Helical Gears • 0.75 module to 30 module Internal Gears • Max CD 1800mm Worm / Worm Wheel • Max Dia 3200mm Sprockets • Range - Pitch: 4 to 35mm Ratchets • Max Dia 250mm CAM • Max Dia 300mm
Spiral Bevel Gear • Range: Upto 30 module Max Dia 1600mm
Timer Pulley • Range - Pitch: 5 to 10mm Flat Pulley • Max Dia 600mm V Pulley • Max Dia 750mm Carding • Philipson Roller Gear Box
• Doffer Drive Gear Box • Flat Drive Conversion Kit • Suspended Type Coiler • Gear Drive to Chain Drive Conversion • Table Calendar Roller Unit
Draw Frame • Gear Drive to Timer Pulley Conversion Comber • Differential Gearing Unit Simplex • Differential Gearing Unit Ring Frame & Doubling
• Pocker Rod & Tube Conversion Lappet Rod & Bracket conversion
• Rf Draft Gearing Unit Sg25 • Draft Gearing Unit • Gear End Conversion • Bush Type to Bearing Type • Tin Roller Pulley Conversion
Looms • Spare gears for Sulzer, Piconol, Somet
Annexure – 1 (Contd..) Product Descriptions – Customised Products
34
Customised Loose Gears
Product Specifications / Types
Spur / Helical Gears • Upto 30 mm Module and 3200 mm dia. in soft and
2400 mm dia. as hardened and profile ground condition
Pinion Shaft • Upto 3000 mm long and 1000 mm dia Internal Gear • Upto 24 mm dia and 20 module Worm and Wheel • Upto 30” (inches) center distance Straight Bevel Gear • Upto 1600 mm dia and 30 module
Spiral Bevel Gear • Upto 1000mm dia and 20 module as cut gears • Upto 800 mm dia and 20 module as ground gears
Special Gearboxes for Industries
Industry Gearboxes
Cement
• Ball Mill Drive • Bevel Helical Vertical Gear Box for Air Separator • Helical and Bevel Helical Gear Box for Klin Drive,
Mill drive, Raw Mill, Ball Mill & Coal Mill
Mining • Shaft Mounted Helical Gear Unit for Travel Drive • Travel Gear Box • Vibratory Screener Gear Box
Power
• Wind Mill Gear Box • Wind Mill Planetary Gear Box • Wind Mill Planetary Yaw Gear Box • Two Speed Gear Box with Lever • Gear Box for Turbine Application • Inching Reducer for Ball Tube Mill
Paper • Pulper Gear Box • Digester Top Separator Gear Box
Steel
• Helical Gear Box • Single Stage Bevel Gear Box • Wire Drawing Gear Box (48 speed) • Twin Input & Twin output Gear Box for Rolling Mill • Main Hoist Planetary Gear Box • Pinion Stand • Pinion Stand Cum Gear Box for Reversing Cold Mill • Twin Drive Gear Box for Reversing Cold Mill
Special Gearboxes for Industries
Industry Gearboxes
Steel (Contd..)
• Two Pinion Stand cum Gear Box for Rolling Mill • Two Output Helical Gear Box with Oil Cooling System for
Hydraulic Hammer in Forging Shop • Three Stage Worm Helical Hollow Output Shaft Gear Box • Two Speed Gear Box Cum Two Pinion Stand • Vertical Helical Gear Box For Long Travel Machineries of
Steel Mill Duty Crane • Gear Box cum Three Pinion Stand • Worm Travel Gear Box • Foot Mounted Two Stage Uncoiler Helical Gear Box • Four stage Foot Mounted Helical Helical Gear Unit ( Load
Sharing Type ) For Kilin Drive in Sponge Iron Plant • Travel Gear Box for Crane
Annexure – 1 (Contd..) Product Descriptions – Special Products
35
Special Products for Crane Applications
Product Input Power Total Ratio Dimensions Main Hoist Gearbox (with planetary differential) Two Input / Two Output
400 kW @ 740 rpm • 118.7 : 1 (Shaft A driving) • 120.2 : 1 (Shaft B driving) • 59.7 : 1 (Both Shafts Driving)
• 8,900 mm x 1,010 mm (31,300 kgs)
Pit Side Ladle Crane 2 x 147 kW @ 450 rpm • 3.7 : 1 (One motor) • 1.9 : 1 (Two Motors) • 3,325 mm x 800 mm (5,070 kgs)
Hoist Drive (Coal handling at Port) 3 Inputs / 2 Outputs 3 x 400kW @ 400 rpm • 27.2 (Hoist) : 18.1 (Trolley) • 6,235 mm x 1,610 mm (18,070 kgs)
Main Hoist Gearbox
Pit Side Ladle Crane
Other Special Products
Product Power Application Vertical Bal Rolling Mill Drive Bevel Planetary 300 kW to 1,250 kW Coal mill and Raw
mill Planetary Drive 1,300 kW Wind
Planetary Drive
Ratio: 30.3 Input Speed: 1,500 / 1,000 rpm Output Speed: 49.5 / 33 rpm Output Torque: 3,449 / 3,896 Nm Output Power: 17.9 / 13.5 kW Maximum Torque: 15,00,000 nM
Annexure - 2 Key Plant & Machinery
36
Process Make & Model Specifications
Gear Grinder
Gleason PFAUTER CNC model P400G Max. workplace diameter - 400mm; Max. module can be ground 14 Module Gleason-PFAUTER CNC model P2400G with internal grinding attachment
Workable Diameter -2400mm; Minimum/Maximum centre distance -300/1550 Maximum grinding depth/profile 80mm - with internal grinding and inspection
Gleason-PFAUTER CNC model P600/800G with 3 internal grinding heads
Maximum grindable work piece diameter - 800mm Maximum grindable profile depth - 35 mm - with internal grinding and inspection
CNC Gear Grinding Machine Höfler - Helix 400 Min./ Max. Gear Diameter - 10 mm - 400mm; Max. Module - 0.5-15mm; Helix Angle - ±45 °
Höfler CNC model Mega 1600 Gear Diameter min / max – 160 mm / 1600 mm; Grindable Module - 1.5 to 30mm Pressure Angle - 12 ° - 30 °; Grinding Wheel - 400 - 300mm Profile Modifications max.- 0.5mm; Lead Modifications max - 1.0mm
CNC Internal Grinding Machine - Höfler Rapid 1250
Gear Diameter-1,500mm; Helix Angle - ±45 ° ; 90 °; Module - 1-40mm Table Load – 6,000 Kgs; Axial Stroke length - Max. 1,500mm
Reishauers - RZ 820, RZ 362A, RZS RZ 400 Outside diameter -Max. 820 mm; Root diameter -Min. 40 mm Number of teeth -10 – 600; Module -1 - 8 mm ; Helix angle - ± 30°
Reishauer RZ 362 A Maximum tip Diameter-360 mm; Minimum root diameter - 10 mm Number of teeth 6 – 600; Module 1 - 8 mm; Helix angle- ± 45°; Slide Travel (Z Axis) - 175 mm; Weight - 60 kg
Reishauer RZS Maximum tip Diameter - 360mm; Minimum root diameter – 10mm; No. of teeth 6 – 600; Module 1 – 8 mm; Helix angle ± 45°
Reishauer RZ 400 Maximum tip Diameter - 400mm; Number of teeth 5 – 999; Module - 0.5 - 8mm; Helix angle ± 45°
CNC Gear Hobbing Machines
Gleason PFAUTER model P2000 - 2400 with internal Gear hobbing attachment
Maximum Diameter -2400 mm; Table Diameter -1870 mm; Table Height - 950mm Maximum Face Width - 1000 mm; Maximum Table Load -30,000 kg; Nominal Module - 20 mm; Hob Speed - 20 - 200 rpm with internal hobbing
Gleason PFAUTER model P800/1200 Max. workplace - 1200 mm; Max. module can be hobbed -16 module; Max. axial slide travel - 1000 mm
Cooper PE250 - 6 axis CNC Max. Module -5 mm; Max. Diameter of Gear - 250 mm; Max. Face Width -150 mm
Cooper P254 & P634 - 3 axis CNC Max. Work Diameter - 630 mm; Max. Module- 10mm; Max. Face Width upto helix angle 60º - 425mm
HMT Heavy Duty model H400-4A - 4 axis CNC Max. Work piece Diameter - 400mm; Max. Module - 8mm; Max. Face Width - 200mm Further the Company has other 66 nos. gear hobbing machines of Liebherr L 3200, L 1200, L 652, H 400, L200, Stankoimport 5A342 (2000), Pfauter P400, PA300, P251, RA200, P160, RA100, WMW - ZFWZ 1250/3, 800/3, 630/3, 400/3, 250/2, Hurth WF10, etc.)
Annexure – 2 (Contd..) Key Plant & Machinery
37
Process Make & Model Specifications CNC Universal Hobbing Machines
Liebherr LC1200
Max. Work Piece Diameter - 1200 mm; Min. Centre Distance-75 mm Max. Centre Distance-800 mm; Max. Nominal Module for steel - 12/60/20 Max. Hob slide travel-1000
CNC Gear Shaping Machines
Gleason PFAUTER PSA500 Max. work piece - 500 mm; Max. module can be shaped -8 module Max. face width of the gear - 130 mm .
Gleason PFAUTER P800/1200ES with electronic guide
Max. work piece - 1200 mm; Max. module - 10 module Max. face width of the gear - 200mm.
PICCO K15 Ø600 X 15 module Max. Module -15mm; Max. Diameter - 600mm; Spindle Speed - 1450 - 2100 – 2800 Teeth production per minute - 35 - 50 - 75.
Gleason USA, Phoneix 1000 HC CNC Hypoid Cutting (Year 2005)
Axis Travel (XYZ) -305 mm * 205 mm * 614 mm; Cutter diameter - 176 mm, 210 mm, 250 mm, 300 mm, 350 mm, 350 mm; Fanuc b Axis system.
Gleason USA, Phoneix 800G CNC Hypoid Grinder with facility to grind Curvic coupling for indexing devices.
Computer control with automatic setup and control of 6 Axes X Axis - 305mm; Y Axis - 305mm; Z Axis - 686mm; Extreme ratio - 10.1. Full depth (Maximum) - 31.75mm; Face width (Maximum) - 116.84mm.
Zoller model smile 500, max. length 500 mm, max. Ø400 mm
Maximum Length - 500mm; Maximum Diameter - 400mm.
CNC Internal Grinding Machines
HMT model GC 225 CNC Internal Grinding Distance Between Centers - 600mm; Center Height - 225mm
Studer S151 CNC Internal & Face Grinding Internal Grinding Machines Max. Ø1000 mm bore Cylindrical Grinding Machines Max. Ø560 mm X 4000 mm Surface Grinding Machines Max. 2000 mm X 400 mm (Horizontal Spindle) and Ø1250 mm (Vertical Spindle) Spline Grinding Machine Max. Ø150 mm and 800 mm length
Dynamic Balancing Machines Abro 1600 Kg. - 2 Nos. Abro High Accuracy Dynamic Balancing Machine 5 Kg. Capacity for Balancing Aircraft Gears
CNC Universal Grinding Machines with "MOVOMATIC" controller
Studer S33 CNC Universal Grinding
Distance Between Centers - 1000 mm; Center Height - 175mm
Kellenberger UR 175/1000 CNC Universal Grinding
Distance Between Centers - 1000 mm; Center Height - 175mm
Annexure – 2 (Contd..) Key Plant & Machinery
38
Process Make & Model Specifications
CNC Universal Machining Centre
6 axis SHW, model UFZ 6L Travelling Column (12M) Machine for large components with rotary table (Make - FIBRO) Ø2.5M
X-axis Column Longitudinal -12 M ; Y-axis Spindle Vertical - 3.1 M; Z-axis Headstock Transverse - 1.6 M; Clamping Surface - 3 M x 12 M; CNC System – Heidenhain; Rotary tables - Ø 2.5 M; No. of Tools - 90
MAZAK, JAPAN model FH 8800 Axis Travels (XYZ) - 1300 mm * 1100 mm * 1000 mm; Pallet Dimension - 800 * 800 mm Tool Chain Magazine -80; High torque spindle - 37 kw - 7000 rpm; Pallet Changer – 2
MAZAK, JAPAN model FH 10800 Pallet size - 1000 X 1000 mm; No. of tools on ATC - 120 tools
MAKINO, JAPAN model a51 Axis Travels (XYZ) - 560 * 560 * 500 mm; Automatic Tool Changing - 60 tools Maximum work piece size (Diameter * Height ) - 630 * 900 mm High speed spindle - 22 kw ;50 - 1400 rpm; Pallet changes -1
Haas, USA Super - Speed VF-3SS Axis Travels (XYZ) - 1016 x 508 x 635 mm; High speed spindle - 30 hp; 12000 rpm Table size - 1000 mm x 600 mm.
Haas, USA model VF5-40/XT X - 1524mm; Y - 660mm; Z - 635mm; Spindle Nose to Table - 178 - 813 mm CNC Horizontal Boring & Milling Centre Juaristi TS5
Cross Travel (X) Juaristi - 400mm; Vertical Travel (Y)- 2500mm; Column Longitudinal Travel (Z) - 1775mm; Spindle Axial Travel - 100mm; Rotary Table -Ø2000mm
CNC Milling Machine –BFW Surya VF30 CNC VS
Table Size (Clamping area) - 1060mm x 315mm; T-Slots No. / Width / Centre Distance- 3 Nos./ 14mm / 100mm; Max. Load on Table - 300 Kgs; Longtitudinal Movement (X)- 800mm; Transverse Movement (Y) - 350mm; Vertical Movement ( Z ) - 380mm; Positioning Accuracy -±0.010mm
Horizontal Boring Machines - All with 3 axis DRO Max. - 5000 mm X 3000 mm;
CNC Jig Boring Machines WMW model BK OZ 1400; Table size - 2200 mm X 1400 mm, 3 axis Jig Boring Machines Make - Hauser & Lindner CNC Thread/Worm Profile Grinding Machine with built-in tester
Max. work piece diameter - 375mm; Max. Helix angle (autom. positioning) - ±90 ° Max. distance between centers - 1000mm.
Thread/Worm Profile Grinding Machines Make - Klingelnberg - HSS 350, Reishauer - UL 900, WMW GSU - 315 & GSU - 320 PC, Lindner - Ø400 mm X 3000 mm
Thread/Worm Milling Machines Max. 3000 mm length, Ø250 mm CNC Lathes - Turn mill centres Cross Travel (X) - 382 mm; Vertical Travel (Y) - ±65 mm; Longitudinal Travel (Z) - 1,100 mm Centre Lathes Max. Ø1800 mm X 8000mm
Annexure – 2 (Contd..) Key Plant & Machinery
39
Process Make & Model Specifications
CNC Universal Machining Centre (Contd..)
CNC Vertical Turning Centre Cooper CVT 150 F Control system Fanuc O - T. Max. Ø1500 mm. Table diameter - 1500mm; Maximum swing diameter - 1600mm; Height under cross rail - 750mm; Vertical traverse of Turret Head ( Z - axis) - 700mm
Vertical Turret Lathes Max. Ø3300 mm & 3000 mm height. (Make - Froriep, Jungenthal, Dorries, Titan, Niles, etc.) Plano Milling Max. 2000 mm X 8000 mm (Make - WMW & TOS)
Milling Machines Make - Gambin, Klopp, Wanderer, Reckermann, Fritz Werner, Steinel, SHW, Maho, Deckel, WMW, etc.
Broaching Machines Max. 40 Tons. (Make - Forst, Hofmann, Fromag) Slotting Machines Max. 1070 mm stroke. (Make - Ravensburg, Waldrich Coburg, Russian)
Radial Drilling Machines Max. drilling Ø100 mm /2000 mm radius (Make - Batliboi, Raboma, Webo, Kolb, Donau, Csepel, Mas)
Roller Burnishing Machine Hydraulic Centreless OD Burnishing machine (Make - Suriyaa) max. Ø66
• Over and above the plant & machinery mentioned, the Company possesses over 12,000 hobs (including Stub tooth & Gear
Shaping cutters) along with necessary fixtures, mandrels, spacers & setting equipments in enormous quantities, accumulated
during the last 40 years of existence
• Almost all the requirements of gears, spur, helical, worm, worm wheel and bevel etc. having any module / DP / CP and with any
pressure angle can be met, at short notice
• Company is capable and has the necessary wherewithal to supply soft gears within 24 hours incase of emergency/breakdown etc.
and has many such credentials to its credit
4/19/2012 40
Thank You