Professional Documents
Culture Documents
INSTITUTIONAL
BUSINESS
DEVELOPMENT
For
SIDWAL REFRIGERATION INDUSTIRES Pvt.
Ltd.
By
Md.
Shadab Khan
2015-502-062
1
Post Graduate In
Management
2015-17
JamiaHamdard University
Near Batra Hospital, Hamdard Nagar,
New Delhi, Delhi 110062
2
SUMMER INTERNSHIP REPORT
ON
INSTITUTIONAL
BUSINESS
DEVELOPMENT
For
Nishat Khan
3
Submitted By, Submitted to,
Md. Shadab Khan Dr. Nudrat
Moini Rahman
Enrollment Number: 2015-502-062
4
ACKNOWLEDGEMENT
5
Finally, I express my gratitude to the every
person who has devoted their valuable time in
accomplishing my summer internship project.
DECLARATION
6
INSTITUTIONAL BUSINESS DEVELOPMENT
for sidwal refrigeration industries Pvt. Ltd.
Submitted by me is original.
__________________________________________
______________________
__________________________________________
______________________
__________________________________________
______________________
7
TABLE OF CONTENTS
INTRODUCTION.......................................................................................................
COMPANY PROFILE..................................................................................................
LITERATURE REVIEW.............................................................................................
MILESTONE ACHIEVED...........................................................................................
CLIENTS................................................................................................................
GOVERNMENT DEPARTMENTS............................................................................
SCHOOLS...........................................................................................................
OIL COMPANIES.................................................................................................
HOSPITALS........................................................................................................
FIVE STAR HOTELS.............................................................................................
DIVISION...............................................................................................................
1. RAILWAY HVAC - MAIN LINE............................................................................
2. RAILWAY HVAC - METRO.................................................................................
3. DEFENCE........................................................................................................
4. BUS AC...........................................................................................................
5. TELECOM & IT................................................................................................
6. DRINKING WATER COOLER..............................................................................
KEY MANAGEMENT...............................................................................................
FINANCIAL FORECAST...........................................................................................
RESEARCH METHODOLOGY...................................................................................
RESEARCH METHODOLOGY:-.................................................................................
DATA ANALYSIS & INTERPRETATION.......................................................................
8
SWOT ANALYSIS....................................................................................................
CONCLUSION.........................................................................................................
BIBLIOGRAPHY......................................................................................................
9
INTRODUCTION
11
COMPANY PROFILE
Sidwal entered the air conditioning and refrigeration industry in 1974. Through
extensive inhouse research and development, Sidwal has become known for the
excellent performance and quality of its products.
Sidwal was the first company to have developed Roof Mounted HVAC for diesel and
electric loco driver's cabin. Sidwal is the only company to have exported HVAC
units and has converted 4 Non-AC coaches into AC coaches. The entire project
involved replacing the windows with sealed ones, providing new interiors including
seats and wall panels, providing ducting and modification of the coach roof for
mounting the AC units. The Project was done jointly with RITES. Sidwal provided 4
year operation and maintenance of these coaches in Bangladesh and trained staff of
Bangladesh Railways to finally take over.
SIDWAL has more than 315 technicians and staff to provide maintenance to the air-
7
conditioning units a round-the-clock in the rail coaches during on-line operation.
SIDWAL undertakes Annual Maintenance Contracts for Preventive as well as
Corrective Maintenance with all Railways.
Sidwal has manufactured and supplied 248 Metro Saloon Car Air-conditioners under
a manufacturing contract from Air International Transit, Australia for Phase I
coaches.
DMRC had desired to increase the cooling capacity of HVAC system and also to add
Heating for winter and De-humidification for rainy season. Sidwal designed and
supplied its own Saloon air conditioner Model SID-3300 developed under a
developmental order from DMRC and supplied two prototype HVACs which were
tested in revenue service for more than one year. After successful service trials,
DMRC placed additional order for 32 HVACs for 4 Trainsets. These are in
successful service since January 2007 fitted in Rotem Coaches made by MRM at
Bangalore.
The SID-3300 Saloon car Air-conditioner was tested jointly by DMRC and Sidwal.
And thus, DMRC given Sidwal the status of an approved vendor.
BEML has placed the order in 2009 for 16 Saloon Air Conditioners on Sidwal on a
single tender basis for the 8 Car prototypes for 6 car per Train set extension project
of 70 Trainset of Phase-1, RS-1. The ducting in these 8 cars has also been provided
by Sidwal.
The Electric Energy Efficiency has improved significantly by the use of state-of-the
art HVAC design using scroll compressors. As a result the air -conditioner is
delivering 52kw cooling with 34.6kVA power consumption. This is same power
consumption as consumed by AIT air conditioner delivering 41KW cooling in RS-1.
8
Filters were provided on the fresh air openings to cope up with the dust-laden
atmosphere of New Delhi. As a result, service life and maintenance intervals of the
mixed air (fresh air and re-circulated air) filters has significantly improved (6000
kmsobserved by DMRC). 900 RPM condenser fan motors have been used to reduce
the noice emissions to the outside of the rail car.
Mitsubishi RotemMelco BEML (MRMB) consortium has been given the order for
188 Cars for Phase II (RS3). Based on the experience gained by Sidwal, they have
placed an order for 376 Saloon Car AC and 94 Driver's Cab AC on Sidwal.
Sidwal exported 1 trainset HVACs to Rotem, Korea, which passed all tests and
returned to India. Deliveries of 20 Trainset HVACs have already been made.
Sidwal also has developed and supplied 800 HVAC units for the newly introduced
LHB ALSTOM designed passenger coach for Indian Railways.
Sidwal has received contracts from Siemens and ICF to provide Ventilation Systems
to 1446 EMU coaches of MRVC Mumbai. 100% supply order has been given to
Sidwal due to excellent performance experience at Western Railway in the
Millennium 12 Coach rake provided with Ventilation system by Sidwal under the
Indo- German project.--------
9
conditioners of Military Ambulances and have supplied these air-conditioners for
TATA (4 X 4) 2.5 Ton Chassis and also to Swaraj Mazda 4 X 4 Ambulances.
Sidwal has a large range of air conditioners for luxury buses having seating capacity
of 9, 14, 21, 29, 35, 42 and 52. Compressor is mounted on the vehicle engine as well
as powered by a separate Diesel engine as a power pack. Sidwal has over 5000 buses
in satisfactory service all over India.
SIDWAL has also supplied Air-Conditioning Unit (ACU) and Thermal Cooling Unit
(TCU) after thorough testing by Design Research & Development Organization
(DRDO), Ministry of Defence, Government of India for Mobile Autonomous
Launcher System of BrahMos supersonic missile. This missile was handed over to
Indian Army by the President of India on 21st June, 2007.
SIDWAL has supplied 7 ton and 10 ton Packaged Air-conditioning Units complete
with electrical control panels and installation duly tested and approved by DGAQA
for Air Force Radar Communication Shelters at various locations.
SIDWAL is one of the six suppliers of High Sensible Heat Ratio 7 & 10 Ton
Packaged Aircons for Department of Telecoms telephone switch gear rooms. These
are equipped with microprocessor based controllers for precision control of
temperature, humidity and dust.
Among other products, SIDWAL has a largest range of ISI marked Drinking Water
Coolers (8 to 800 ltrs.) duly approved by Directorate General of Supplies &
Disposals (DGS&D), Ministry of Supply, Govt. of India.
10
development, SIDWAL has produced excellent products acclaimed for their
distinguished quality for more than 33 years.
SIDWAL has one of the most advanced and modern factories at Faridabad (Haryana)
and Kala-Amb (Himachal Pradesh) having young and dynamic team of engineers
and technicians equipped with the latest Computer Aided Design Systems and
Computer Aided Manufacturing with CNC Sheet Metal Presses, Folding Machines
and Brake Presses. Cooling Coils, Condenser Coils, Blowers, Motors, PCBs, FRP
moulding, Electrical Panels produced in-house provide the cutting edge benefit over
the competition.
Ruggedness and longevity of our products through a strict quality control and 100%
testing in controlled climate test chambers has been key strength of SIDWAL.
Repeat orders are placed on us due to products backed up by a strong and prompt
service team. We have been able to create an undisputed reputation in the
competitive market.
11
LITERATURE REVIEW
12
manufacturers in India for HVAC solutions that meet international quality
standards and is an approved vendor to most of the prestigious customers in the
domestic market (these approvals can take many years to obtain and are a
significant entry barrier).
Dedicated and Competent R&D Team: Indigenous designs; develops and
produces all its HVAC products and components, which are protected by patents,
designs and copyrights.
Exceptional and Stable Profitability within the Industry: Optimized
production processes, conservative expansion and investment policy, highly
skilled labor force and costs rationality allowed Sidwal to hold robust
profitability levels. Solid order book and tendersinline covers majority of
operating plan for year 201617. In house manufacturing of majority of
components ensure efficient control mechanism on both quality & cost of the end
products. Cooling Coils, Condenser Coils, Blowers, Motors, PCBs, FRP
moulding, Electrical Panels produced inhouse provide the cutting edge benefit
over the competition.
Solid Operational Base: Invested factory with capacity to grow and low
CAPEX requirements. Skilled and loyal workers with recognized technical
knowhow provide sufficient staff sources and flexibility.
Strong Service Network : Through more than 350 technical personnel stationed
across the country, Sidwal provides round the clock preventive & corrective
service for railway, bus & defence sub segments. The network not only provides
the competitive edge but also serves as a high profit revenue source.
13
for global and large Indian OEMs / endusers to source indigenous quality
products.
Big Defence Opportunity: With huge Indian defence budget and favourable new
policy framework of Make in India (preferential procurement), push for offsets
and self reliance, delicensing except for 16 core defence items Sidwal Group
has bigadvantage in defence related HVAC business. Sidwal is registered &
approved vendorfor defence HVAC supplies and has successful history in HVAC
applications (e.g. radar equipment, combat vehicles, missile launchers, bullet
proof vehicles, ambulances, ground shelters etc)
Unique Opportunities of Multifold Growth Potential with Railways: Indian
Railways have huge demand for HVAC in next 10 years with multifold capacity
expansion in coach production facilities, replacement of all its traditional blue
colored express train ICF coaches with new LHB coaches (AC coaches being
priority), new AC double decker & longer trains and, introduction of AC
electronic multiple unit (EMU). Sidwal group has significant market share (50%)
of Indian Railway HVAC procurement and is well poised for huge value creation
with multifold growth in Indian Railways. Expected Indian Railways HVAC
business for year 201617 to grow few times.
Huge Stimulus in Metro HVAC Business: Huge capital expenditure budgets
(more than INR 2000 billion ~ USD 36.4 billion) for metro rail network in Indian
cities for next 10 years. Sidwal, being only Indian approved vendor by DMRC
for metro HVAC unit has unique position to fetch larger share of procurement.
Sidwal is in process of long term arrangements with global metro operators for
their India bound procurements.
Untapped Potential in Precision HVAC : Sidwal has been focussing Govt
owned telecommunication companies with significant market share. From the
year 201617, its gearing now to target private telecommunication market
(approx size Rs 500 crores). With its stabilized & recognized quality and lower
14
costs, it is well placed to generate sizeable business from private
telecommunication operators.
Import Substitution for Bus HVAC: Currently most of the bus manufacturing
companies are importing their bus air conditioning. Sidwals quality and
competitive pricing can fetch a sizeable business in bus segment.
Buoyant Consumer Segment for Drinking Water Cooler, Cold Rooms and
Refrigeration Cabinets : Growing income levels and consumer segments are
major drivers for demand with very few local operators. Sidwals quality and
competitive pricing may work as huge driver for untapped potential
Efficient operations with a low cost base In house manufacturing of majority
of components ensure efficient control mechanism on both quality & cost of the
end products. Cooling Coils, Condenser Coils, Blowers, Motors, PCBs, FRP
moulding, Electrical Panels produced inhouse provide the cutting edge benefit
over the competition.
Business Ovreview
Technology, Market Structure and Sidwals Position
Sidwal is key player in specialized HVAC applications for monopolized
institutions e.g. Indian Railways, Ministry of Defence, Department of
Telecommunication and few other large commercial organizations.
Through extensive inhouse research and development, SIDWAL has produced
excellent products acclaimed for their distinguished quality for more than 40
years. The abundant technical expertise gathered over the years puts SIDWAL in
the forefront of technical innovations with the capacity to supply the most
sophisticated Airconditioning equipment for any type of application
There are very few prequalified vendors for HVAC applications and is very
sensitive to technological competence (high engineering and designing
competencies) and stringent prequalification,
15
established track record, excellent customer experience and being only Indian
company with 100% indigenous production to meet the Make in India policy of
Govt of India.
16
MILESTONE ACHIEVED
1988 Packaged air conditioners for telecom applications > 95% Sensible
heat removal with micron air filtration.
1991 Roof mounted air conditioners for rail coaches Compact, Light
Weight, Eco Friendly (5.8 kg Vs. 35 kg OZONE friendly refrigerant, all
indigenous.
2004 Metro saloon and driver's cab HVAC unit- High Efficiency
17
QUALITY
All of Sidwal's products are type tested and verified by rigorous testing in-
house in the temperature and humidity controlled test chambers, approved by
ISI and RDSO.
A special quality assurance team has set standards and benchmarks and
monitors their implementation at each and every stage of manufacture and
testing. These benchmarks are constantly being reviewed and upgraded to
keep pace with changing needs.
18
We, at SIDWAL, aim for total customer satisfaction. All those who buy our
products viz. Air conditioners, Water Coolers etc. and their accessories are
our Customers.
We treat our customers, suppliers and staff with care and respect and strive
for excellence and continual improvement in all our products and services.
CLIENTS
GOVERNMENT DEPARTMENTS
19
A.I.I.M.S
JamiaMiliaIslamia University
Door Darshan(AIR)
N.C.E.R.T.
P.W.D.
C.P.W.D.
I.I.T-Delhi, Roorkee
Delhi Police
C.R.P.F
B.S.F
N.H.A.I
20
21
SCHOOLS
Delhi Public School
I. P. International School.
Cambridge Foundation
Rayan International
OIL COMPANIES
Indian Oil Corporation.
Hindustan Petroleum.
HOSPITALS
Gurgaon Hospital.
R.M.L.Hospital.
G.T.B.Hospital
Pant Hospital.
JamiaHamdard Hospital.
Park Royal.
Taj Palace.
Oberoi Hotel.
Le-Meridian.
Surya Hotel.
Maurya Sheraton.
Holiday Inn.
DIVISION
1. INDIAN RAILWAYS
2. METRO RAIL
3. DEFENCE
4. BUS AC
5. TELECOM & IT
6. WATER COOLER
Sidwal has also designed, manufactured and installed the complete HVAC
equipment in India's luxury tourist trains such as the 'Palace on Wheels',
'Royal Rajasthan on Wheels' or 'Maharajas' Express'.
Sidwal manufactures air conditioning units for all types of passenger coaches.
In addition, our scope of supply comprises driver's and guard cab HVAC units,
roof mounted heating units, pantries for hot and cold food and various other
products.
Sidwal has more than 315 service technicians and staff to provide after sales
services all across India. Sidwal undertakes annual maintenance contracts with
all zonal railways for the preventive as well as corrective maintenance of
HVAC equipment
PRODUCTS RANGE
In addition,Sidwal supplies saloon and driver's cab air conditioners for the
RS1, RS3 andRS4 projects of the Delhi Metro Rail Corporation (DMRC).
Furthermore, the metrocars under manufactured at the Integral Coach Factory
for the Calcutta metroare also fitted with Sidwal roof mounted packaged air
conditioners.
PRODUCTS RANGE
New Delhi : DMRC RS1, RS4 Bombay : Ventilation unit
and drivers cab air
conditioner
3. DEFENCE
PRODUCTS RANGE
SLIP ON AC
WALL MOUNTED 2 TON VERTICAL 2.5tr ROOF MOUNTED
SLIP ON AC UNIT FOR MILTARY
AMBULANCE
4. BUS AC
Sidwal is also the first company in india to develop the sleekest Roof
Mounted Bus Air Conditioners (170 mm in height), Which are available in a
range to meet any requirement of mini, midi and large buses. SIDWAL Bus
Air Conditioner are specially designed to operate in 500 c and are approved
by TELCO and Swaraj Mazda as OEM parts. The TELCO Bus used for the
pre inaugural" Calcutta-Dhaka-Calcutta" trip on April 8-10, 1999 was air
conditioned by SIDWAL.
The roof mounted unit is designed in a manner that it can be mounted outside
the body of the bus without disturbing the interiors and since it is very sleek,
it allows the bus to be parked in a garage with a low ceiling.
PRODUCTS RANGE
SINGLE ROOF MOUNTED UNIT FOR ROOF MOUNTED UNIT FOR
MIDI
5. TELECOM & IT
(I) PACKAGED AC
The only oneIndian company to have developed all indigenous unit. Telecom
Industry: Ours isone of the six companies approved by the Department of
Telecom (DoT),Government of India for the supply of packaged ACs to
Electronic Exchanges.
(ii) PRECISION AC
The DTS range ofdirect expansion, air-cooled Precision climate Control Units
have high sensibleheatratios, are designed for in-room installation and feature
automatictemperature and humidity control with high efficiency air filtration.
Compactin footprint, they are suitable for all applications requiring
precisioncontroloftemperature, and humidity and air cleanliness. Available in
single ortwincooling circuits and inclined internal heat exchanger. Typical
applicationsare Data Centres, Telephone Exchanges, Control Rooms, Switch
Rooms, NetworkHubs and Laboratories. Available in either Top Discharge or
bottom Discharge configurations,the product is designed and engineered with
high standard sutilizingcontinuouslyrated, high reliability components offering
long, trouble free operations withroutine maintenance access from the front of
the unit only.
PRODUCTS RANGE
PACKAGED AC PRECISION AC
Sleek and elegant in design, Coolstar Drinking Water Coolers are rugged and
heavy duty. They are made with stainless steel tanks wrapped with copper
cooling coils for maximum efficiency providing running cold water at a
refreshing temperature of 13.5 C.
Rust being the biggest enemy of water coolers is effectively kept at bay by
powder coating after pre paint metal treatment through a 7 tank hot
phosphatising process. The cooler is mounted on stainless steel feet
minimizing rust from the bottom and giving clear space for cleaning and for
air movement to keep the water cooler dry. All the fittings and pipes which
come in direct contact with water are made of non-corrosive materials.
Rust being the biggest enemy of water coolers iseffectively kept at bay by
powder coating after pre paint metal treatmentthrough a 7 tank hot
phosphatising process. The cooler is mounted on stainlesssteel feet minimizing
rust from the bottom and giving clear space for cleaningand for air movement
to keep the water cooler dry. All the fittings and pipeswhich come in direct
contact with water are made of non-corrosive materials.
PRODUCTS RANGE
INSTANT WATER COOLER 150R WATER COOLER 20/40
KEY MANAGEMENT
FINANCIAL FORECAST
Based upon the above assumptions, Sidwal is expected to attain almost 30%+
growth
stabilizing after 10th year to 7% (terminal year); a very healthy EBITDA over
15% of sale, self
sustaining business model without external borrowings and very healthy Break
Even Level of
37% in Year 1 itself (further reducing with enhanced operations)
Refer Annexure XVI G for Profitability Forecast, Annexure XVI H for Cash F
low Forecast,
Annexure XVI I for Net Present Value and Annexure XVI J for Break Even le
vel.
RESEARCH METHODOLOGY
DEFINITION OF RESEARCH:-
The word research is derived from the latin word meaning to know.
It is a systematic and a applicable process which identifies and define
Problems,within specified bounderies.it employeswell designed method to
collect the data and analyse the results,It disseminates the findings to
contribute the generalize able knowledge.
>The five characteristics of research are:-
RESEARCH METHODOLOGY:-
SAMPLING:-
The data was to be collected only from the Consumers and Retailers.A
Questionnaire was prepared and Interviewing with Retailers and Consumers.
A decision has to be taken concerning a sample unit before selecting the
number of samples.It may be geographical as well as individual.
SIZE OF SAMPLE:-
This refers the number of items to be selected from the finite universe to
constitute a sample size.The organization was conducted of approx. 50 or
more than that outlets in Faridabad.
RESEARCH DESIGN
RESEARCH DESIGN:-
The research design which has been used in the project report is descriptive in
nature.
SAMPLE DESIGN:-
The sample design which has been use in this project report is simple random
sampling.
SAMPLING UNIT:-
A decision has to be taken concerning a sample unit before selecting the
number of samples.It may be geographical as well as individual.Here
Faridabad region has been taken as a geographical unit and retailers as an
individual unit.
SAMPLING SIZE:-
This refers to the number of items to be selected from the finite universe to
constitute a sample seze.Thesidwal organization was conducted of 50 outlets.
The purpose of analysing data is to obtain usable and useful information. The
analysis, irrespective of whether the data is qualitative or quantitative, may:
QUALITATIVE ANALYSIS
"Data analysis is the process of bringing order, structure and meaning to the
mass of collected data. It is a messy, ambiguous, time-consuming, creative,
and fascinating process. It does not proceed in a linear fashion; it is not neat.
Qualitative data analysis is a search for general statements about relationships
among categories of data."
>SIDWAL is an ideal condidate for investment for the following key factors:
LEADING FRANCHISE
STRENGTH
WEAKNESS:
OPPORTUNITIES
Make in India policy framework and new Defence Procurement Policy
2016
Competitors' vulnerabilities in terms of local support / services and
logistics
High growth envisaged for huge expansion and modernization drive by
Govt of India
Global operators investing in India likely to seek supplies from local
vendors
New markets potential for exports of railway / bus ACs in neighbouring
countries
Niche target markets with huge entry barrier New USP 100% indigenous
operator getting preferential treatment for defence HVAC
THREATS
*www.sidwal.com/
*www.wikipedia.com
*www.indiamart.com/sidwal-refrigeration
*www.sidwal.com/profile view.aspx
*Magazines(marketing and sales 4Ps)
*Marketing management;PHILIP KOTLER