LIP FASTNERS PVT. LTD.

Gut no. 48, Rajangaon (S/P), Adjacent to Sector E, MIDC, Waluj, Aurangabad431 136(M.S) India, Tel. no. 0240-2552541/42, www.lipautomat.com

PHASE-I

Profile of organization

Name of organization

Lip Fastners pvt. Ltd.

Location of organization:

Gut no. 48, Adjacent to E , MIDC, Waluj, Aurangabad-431 136 (M.S) India.Tel no. : 0240-2552541/42, Web : www.lipautomat.com

Year of Establishment and Commencement of production : 1992

Market share

25% (in SSI industries involved in business)

Plant area

30,000 sq. ft.

Managing Director Plant layout

: :

Mr. D. L. Rajale Product layout(integration of 3 Product layout)

Products of company

Mat, Machineries(as per Requirement), spare parts

(2wheeler and 4 wheeler) Products :

Company vision :
Company is aiming to cater the industries all over India, and also establish itself in exporting business also

Company mission:
To be a leading manufacturer of single spindle Automat and spare part manufacturer for Automotive and Engineering Industries.

Objectives:
Committed to reach the requirement of our esteemed customers by providing them instant service and competitive rate.

Achievements:
1. Whole plant of company is developed by them i.e all machineries are developed by them which are required for plant.

2. It also is having an industrial advantage of manufacturing and supplying machineries to other manufacturing firms. 3. Also recycling of scrap is done, so very little wastage of material.

Organization structure:

Managing Director

Mr. D. L. Rajale

Plant Head

Mr. R. P. Jadhav

Marketing Dept. head

Mr. Abhijeet Aklare

Mat Dept. head

Mr. Rane

Precision Dept. head

Mr. V. D. Chandan

Lip Fastner Dept. head

Mr. Kunal Sawarkar

Quality HOD

Mr.Khobare

Design manager

Mr.Chavan

Personnel manager

Mr. Faraz

Purchase manager

Mr. Jadhav

1. Finance :

Turnover details (as per manufacturing dept.)

Department Name Mat manufacturing Dept. Precision Dept. Fabrication Dept.

Turnover 90 lakhs 1.5 crore 70 Lakhs

Capital Investment : appox. 1-1.5 crore

Funds details

70% finance- owner i.e owner

30% finance-govt. (30% including 15% from SIDBI)

2. Marketing:

Products of company: Mat, automobile spare parts both of two and four wheelers, machines manufacturing as per order and requirement (18 machines).

Vendors of R. M.: Hyderabad, Hunabad

Customers: Greves Cotton co.,

Competitors: PMT, pune

Distribution areas: focus on south region, Delhi, Maharashtra, Banglore, kerela, kurnatka

Marketing Strategy:

Demand and potential identification:

The demand is identified by market survey and potential markets are identified. Then market segmentation is done as per the potential of market and developing market.

3. Human resource

Total no. of employees- 100(85+15 staff members)

Qualification of employees : ITI(precision dept.)

4. Plant study:

Manufacturing processA. Mat manufacturing process : Raw material: coloured granules

Training Period: - 1 month The company produce the mats as per the order of customers and the manufacturing process is carried out through a year. Types of mat ( as per the size) :4*6 3*6 6*6 6*9 Price (Rs.) 60 45 90 130

B. Spare part manufacuting:

It involves processes like cleaning of rod, checking of bend, cutting, tapping, threading hobbing(cylindrical and straight),

C. Precision department : Manufacture single spindle automat machine which is used in automobile industry for manufacturing. The training period for this dept. 1 year. Company carried out brand production Worker qualification:ITI (turner, drilling) , 12th pass Type of plant: product layout

Environment conservation: NO effect on environment of processes

Health and safety measures :

first aid facilities are available and also safety tools are being provided to all employess at work. Raw materials which are used for production purpose are not harmful for health of employees.

Corporate social responsibility: 1. Employment generation 2. Compliance of governments factories act.

3. Satisfaction of customers complaints.

PHASE-II (ANALYTICAL SUMMARY)

observations-individual view of company, (three areas of excellence and three areas of enhancement) swot analysis conclusion(learning experience and outcomes of the visit, suggestions)