Professional Documents
Culture Documents
ON
SUBMITTED TO:
MRS. APEKSHA SOMWNSHI
FACULTY
SUBMITTED BY:
ESHAN RASTOGI
PGDIEM
ACKNOWLEDEMENT
It has been honour and privilege to do my project on the subject
IMPORT AND EXPORT OF BHARAT FORGE. I take this an
opportunity to communicate my sincere thanks and regards to
everyone who had contribute to my project and helped me
successfully completion.
This project report couldnt have been completed without the
guidance of my project guide PROF. APEKSHA SOMWNSHI.
I express my sincere thanks and gratitude to the above stated person
who have helped in directly and also to those who have helped me
directly.
At last I am thankful to honourable director DR. RUPALI JAIN to
give us an opportunity to experience the concrete reality of the
project.
ESHAN RASTOGI
PGDIEM
SIOM, PUNE
TABLE OF CONTENTS
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CONTENTS
Registered name of company
Mission & Vision Statement
Year Of Establishment
Promoters
Current Turnover
Growth Statistics Over Past Five Year
Major Product Line
Major Brands Offered Under Each Product Line
Operation Location Of Subsidiaries, Branch Office,
Corporate Office
Number of Employees
Recognition/Awards
Market share
Major Competitors
Corporate Strategy
Total Export F.Y 2010 2011
Major Importing/Exporting Countries
List Of Goods/Services Exported By The Company
Future Plans
Export Import Procedures
CSR Activities
YEAR OF ESTABLISHMENT
PROMOTERS
Sr.No
Category
B.N. Kalyani
Chairman & Managing
Director
S.M. Thakore
Non-executive, Independent
S.D. Kulkarni
Non-executive, Independent
P.G. Pawar
Non-executive, Independent
Non-executive, Independent
P.C. Bhalerao
Non-executive Director
Lalita D. Gupte
Non-executive, Independent
P.H. Ravikumar
Non-executive, Independent
Alan Spencer
Non-executive, Independent
10
Naresh Narad*
Non-executive, Independent
11
Dr. T. Mukherjee **
Non-executive, Independent
12
G.K. Agarwal
Deputy Managing
Director
Executive
13
Amit Kalyani
Executive Director
Executive
14
B.P. Kalyani
Executive Director
Executive
15
S.E. Tandale
Executive Director
Executive
16
CURRENT TURNOVER
Bharat Forge limited current turnover is 1.3$ million
FY 2011
FY 2010
FY 2009
FY 2008
FY 2007
Total Income
29,935.47
18,887
21,064
22,849
19,453
EBIDTA
7,623.18
4,693
4,075
6,105
5,485
PBT
4,476.08
1,807
1,577
3,970
3,598
PAT
3,105.67
1,270
1,033
2,736
2,410
FINANCIAL PERFORMANCE
(CONSOLIDATED)
FY
2011
FY 2010
FY 2009
FY 2008
FY 2007
FY 2006
Total Income
51,544.41
33,787
48,427
47,516
42,752
30,851
EBIDTA
8,522.34
3,896
5,214
8,038
7,433
5,889
PBT after
4,444.80
Exceptional Item
(645)
1,107
4,498
4,363
3,925
PAT after
2,899.06
Minority interest
(634)
583
3,015
2,906
2,505
SUGAR INDUSTRY
Fully / Semi-Machined
STEEL INDUSTRY
GEAR INDUSTRY
Shafts
Casing / Tubing Spools
Open Forge Valve Body / Well Head Blocks
Tube Sheets
Interconnecting Blocks
FORGING INDUSTRY
WIND ENERGY
Wind Mill Shaft
CEMENT INDUSTRY
MINNING
Conveyor Shafts
Pinions
MARINE
Propeller Shafts
Rudder Stock
GLOBAL LOCATION
Branch (India)
BFL Delhi
BFL Kolkata
BFL Jamshedpur
BFL Mumbai
BFL Bangalore
BFL Chennai
Kolkata (Calcutta)
Bharat Forge Limited
20 Netaji Subash Road
Kolkata - 700 001
Tel : +91-33-22305976 / 22306592
Fax: +91-33-28500017
Email : bflcal@vsnl.net
Jamshedpur
Bharat Forge Limited
61-A , Rajendra Nagar
Sakchi
Jamshedpur - 831 001
Tel / Fax : +91-657-2426732
Email : jsr_bfljsr@sancharnet.in
Bangalore
Bharat Forge Limited
23/2, 2nd Floor
Kammanahalli Main Road
Next To Vinayak Temple
Opp Libetrty Shoe Mart
St Thomas Town Post
Bangalore 560084
Tel: (080) 25806570
Fax: (080) 25806570
E-mail: bharath_forge@dataone.in
NUMBER OF EMPLOYEES
RECOGNITION /AWARDS
2011
Bharat Forge receives the prestigious Golden Peacock Innovative
Product / Service Award 2011
Bharat Forge Limited wins the 6th Annual CIO Awards 2011
ITI Khed awarded Educational Excellence Award
Bharat Forge receives the Golden Peacock Award for Best HR
Practices 2011
Baba Kalyani receives the highest French civilian award : "Chevalier
de lOrdre de la Legion dHonneur
Bharat Forge receives India Shining Star CSR Award
Chairman, Mr. B N Kalyani honored with the Udyog Ratna Award
for 2010-11
2010
Bharat Forge Limited honoured with the INS Industrial Excellence
Award
Bharat Forge receives the EEPC India National Award for Export
Excellence 2009 - 2010
BABA KALYANI DECORATED WITH COMMANDER FIRST
CLASS OF THE ROYAL ORDER OF THE POLAR STAR
2009
Bharat Forge receives National Award for Best HR Practices 2009
Bharat Forge receives the Golden Peacock Award for Occupational
Health and Safety 2009
2008
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
honoured with the Prestigious Padma Bhushan Award
2006
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
honoured with the 7th Annual Ernst & Young Entrepreneur of the
Year Award Manufacturing - 2005
Bharat Forge receives the IGCC Award for the Year 2005
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
Limited awarded the Global Entrepreneur of the Year Award.
Mr. B N Kalyani Chairman and Managing Director, Bharat Forge
receives the Rashtra Bhushan Puraskar
2005
Bharat Forge awarded with the Outstanding Organization Award
2004
Bharat Forge receives the Best Value Creator Company Award at the
Third Annual Outlook Money Awards 2004
Mr B N Kalyani, Chairman & Managing Director, Bharat Forge
receives the Business Standard CEO of the Year 2004
Bharat Forge included in Forbes 'Best under a Billion' list for the
third consecutive year
2004
Bharat Forge included in Forbes Best under a Billion list for the
second consecutive year
MARKET SHARE
SYMBOL
NAME
BHARATFORST.BO BHARAT
FORGE
BHARATFORG.BO BHARAT
FORGE
LTD
BHARATFOR.NS
BHARAT
FORGE
LTD
BHARAT_a.NS
BHARAT
FORGE CO
LTD
BHARATFOQF.BO BHARAT
FORGE
STOCK BSE
322.65
STOCK BSE
322.80
STOCK BSE
326.00
STOCK BSE
320.40
STOCK BSE
MAJOR COMPETITORS
CORPORATE STRATEGY
1 in Wheels in India
1 in Alloy Steel
v France
v India
v Ireland
v Singapore
v United Kingdom
v Spain
v United States
v Venezuela
v Netherlands
v Germany
v Dubai
v Madrid
v Houstan
v Oklahoma C
v Mara Caibo
v Amsterdam
FUTURE PLANS
Bharat Forge, the Pune based forging firm, plans to invest Rs 1,2001,500 crore in its non-automotive sector business over the next threeand-a-half years.
This would mark the beginning of the companys second phase of
expansion in the non-automotive sector, primarily aerospace, marine
and nuclear power plants.
In the last two years, the company has invested nearly Rs 400 crore
for expanding in the non-automotive business, and in the coming
years we will invest an additional Rs 1,200-1,500 crore to mainly
manufacture forgings of up to 500 tonnes needed for large power
plants and nuclear power plants, Baba Kalyani, chairman and
managing director, Bharat Forge, said at the inauguration of ring
rolling facility at Baramati on Monday.
The company, which currently manufactures forgings of 40-50
tonnes, is targeting 40% of its total sales from the non-automotive
sector by 2012 from the present 22%.
The first phase of the non-automotive sector expansion included
setting up of a 4,000 tonnes open die press facility at Pune and the
Centre for Advanced Manufacturing at Baramati which includes an 80
metric tonne counterblow hammer facility and the ring rolling facility.
The proposed Rs 1,200 crore investment would be for expansion at
Baramati and Pune and towards facility for making power plant
equipment at Mundra in Gujarat under a joint venture with Alstom.
The facility will manufacture 300-800 mw subcritical and
supercritical equipment with an annual capacity of 5,000 mw.
The joint venture will also explore possibilities of manufacturing
turbines and generators for gas-based plants and nuclear applications.
Apart from this, Bharat forge would set up two more facilities at
Baramati. While the first one to be inaugurated by June this year
would make crankshafts of about 5 metre long and 4 tonne weight for
1. SALES CONTRACT
An agreement between the buyer and the seller stipulating every
details of the transaction. It is a legally binding document. It is
therefore advisable to seek legal advice before signing the contract.
2. COMMERCIAL INVOICE:It is a formal demand note for payment issued by the exporter to the
importer for goods sold under a sales contract. It should give details
of the goods sold, payment terms and trade terms. It is also used for
the customs clearance of goods and sometimes for foreign exchange
purpose by the importer.
3. BILLS OF ENTRY.
A declaration by an importer or exporter of the exact
nature, precise quantity and value of goods that have landed or are
being shipped out. Prepared by a qualified customs clerk or broker, it
is examined by customs authorities for its accuracy and conformity
with the tariff and regulations. See also customs entry.
The different kinds of bills of entry are used for following
purpose:
Many nations have specific laws about how bills of entry should be
formatted and presented. It is important to have accurate
documentation, or goods can be held up in customs. This can cause an
inconvenience in some cases, and spoilage or destruction of the goods
in others; a shipment of fruit, for example, will not hold up through a
lengthy retention by customs while details of the shipment are worked
out.
4. PERFORMA INVOICE
BILLS OF LADING
CERTIFICATE OF ORIGIN
A Certificate of Origin (often abbreviated to CO or COO) is
a document used in international trade. It is a printed form, completed
by the exporter or its agent and certified by an issuing body, attesting
that the goods in a particular export shipment have been wholly
produced, manufactured or processed in a particular country.
The origin does not refer to the country where the goods were
shipped from but to the country where they were made. In the event
the products were manufactured in two or more countries, origin is
obtained in the country where the last substantial economically
justified working or processing is carried out. An often used practice
is that if more than 50% of the cost of producing the goods originates
from one country, the "national content" is more than 50%, then, that
country is acceptable as the country of origin.
When countries unite in trading agreements, they may allow
Certificate of Origin to state the trading bloc, for example,
the European Union (EU) as origin, rather than the specific country.
Determining the origin of a product is important because it is a key
basis for applying tariff and other important criteria. However, not all
exporters need a certificate of origin, this will depend on the
destination of the goods, their nature, and it can also depend on the
financial institution involved in the export operation.
DATA ANALYSIS
FLOW CHART: Internal procedure from receiving the order till
the final dispatch.
CUSTOMER ENQUIRY
NEGOTIATION
ORDER ACCEPTANCE
INFORM CUSTOMER
PREPARE DOCUMENT
MANUFACTURING
DISPATCH
PAYMENT
PACKING LIST
SHIPPING BILL
A shipping list, packing list, waybill, packing slip (also known
as a bill of parcel, unpacking note, packaging slip, (delivery)
docket, delivery list, manifest or customer receipt), is
a shipping document that accompanies delivery packages, usually
inside an attached shipping pouch or inside the package itself. It
commonly includes an itemized detail of the package contents and
does not include customer pricing. It serves to inform all parties,
including transport agencies, government authorities, and
customers, about the contents of the package. It helps them deal
with the package accordingly.
Shipping bill is the main customs documents, required by the
customs authorities for granting permission for the shipment of
goods. The cargo moves inside the dock area only after shipping
bill is duly stamped, i.e., certified by the customs. Shipping bill is
normally prepared in five copies:1.
2.
3.
4.
5.
Customs copy.
Drawback copy.
Export promotion copy.
Port trust copy.
Exporters copy.
BILLS OF EXCHANGE
For all parties, included ships owner, seller, buyer and some
other parties for each one represent a kind of certificate
documents.
PAYMENT
MODE OF PAYMENT
LETTER OF CREDIT
THE L/C is a guarantee given by the buyers bank that it will pay
for the goods provided the exporter provides a set of documents
such as bill of lading and freight documents . the technical term
for L/C is documentary credit. L/C deals with document , not
goods. Thus it works in favor or both the buyer and the seller.
CSR ACTIVITIES
EDUCATION
As part of its Corporate Social Responsibility, Bharat Forge actively
supports Pratham Pune Education Foundation (PPEF). PPEF helps in
imparting primary education to children of economically challenged
and migrant workers, mainly in the age group of 3-14 years. Mr. B. N.
Kalyani is the Founder and Chairman of PPEF. This initiative is
actively funded by BFL and over the past 4 years, has touched the
lives of over 50,000 children in Pune, and has become an important
catalyst for women empowerment.
PPEF operates through an extensive network of Balsakhis, Balwadis,
Bridge Courses and Outreach Programmes. PPEF's contributions have
resulted in Pune achieving almost 100% literacy.
COMMUNITY INITIATIVE
continues to remain engaged with the members for any assistance that
newly formed ventures may need. In addition, BFL also conducts
awareness activities vocational training, personality camps and sociocultural activities for these families, which are greatly appreciated by
them.
The staff at Bharat Forge America, also engage themselves in
community services in the local Lansing community. These efforts
include home rebuilding and refurbishing to help the local disabled
and elderly couples. A group of 18 BFA employees spend an entire
afternoon on a week end replacing doors, repairing roofs and doing
drywall replacement.
ENVIRONMENT
consumption.
This usage of Green Energy is considered to be a reduction of Carbon
Emission to the extent of approx. 30,000 tons per annum and this is
recognized & certified by United Nations Framework Convention on
Climate Change (UNFCCC) under Kyoto Protocol.
As an active participant in the process of promoting the
environmental awareness and in the process of beautifying and
maintaining the civic infrastructure of Pune, BFL maintains several
gardens across the city.
The group also continues its drive of 'Keep Fit' which it started in
2002. The purpose of this drive is to reduce absenteeism due to illness
and to encourage individuals to follow a healthy lifestyle. The Keep
Fit drive includes regular health check-ups including health, diet and a
fitness test.