a project report on hmt company

A REPORT ON

“INDUSTRIAL VISIT TO HMT”

Submitted in partial fulfillment of the requirement of Bachelor of business management degree course of Bangalore University

By KARAN KUMAR

(Reg No. 09PFC18025)

Under the guidance of

Mr. PRASAD.

ST .CLARET COLLEGE

DEPARTMENT OF MANAGEMENT STUDIES

JALAHALLI, BANGALORE-560013

2010-2011

CERTIFICATEThis is to certify that the project work entitled “A REPORT ON

INDUSTRIAL VISIT TO HMT” is an original authentic and bonafide project work prepared by KARAN KUMAR under the

guidance of Mr. PRASAD in partial fulfillment of the requirement for the award of “DEGREE OF BACHOLR OF BUSINESS

MANAGEMENT” of Bangalore University for the academic year 2010-2011.

This project report has not formed the basis for the award of any degree/diploma of any other university/institution,

Date…………..

HEAD OF THE DEPARTMENT:

…………………………………………..

Place:Bangalore

CONTENTS:

Sl.no Contents Pg.no 01 INTRODUCTION 1-2 02 ABOUT THE COMPANY 3-6 03 PRODUCTS/SERVICES 7-19 04 CORPORATE PROFILE 20-00 05 SUBSIDIARIES 21-24 06 FINANCIAL STATEMENT 25-26 07 OBJECTIVE & GOALS 27-0008 MISSION & VISSION 28-0009 BIBLIOGRAPHY 29-00

INTRODUCTION

It 'To manufacture mother machines to build modern industrial India'.

Was in the early post independence era that, HMT began in a small way to meet a big commitment;

HMT was conceived by the Government of India in 1949, and was incorporated in 1953, with the objective of producing a limited range of machine tools, required for building an industrial edifice for the country.

THE 1960s:

With the success achieved in the initial years in absorbing the technology and in attaining production competence far ahead of the original plans, the Company launched a bold plan of diversification and expansion which resulted in the duplication of the Bangalore Unit and the setting up of new units at Pinjore, Kalamassery and Hyderabad.

Pinjore

Kalamassery

Hyderabad

In 1967, recession struck the Indian Engineering Industry and the consumption of machine tools dipped drastically. The traumatic years of recession did indeed serve to bring to the fore two latent strengths of HMT, namely, the urge to survive and the confidence to innovate. With these strengths at full play, the Company emerged from the recession:

ABOUT THE COMPANY

Establishment Year: 1974 Firm Type : Public. Ltd.Nature of Business :Manufacturer , Services , Export / ImportLevel to Expand : International.

Hindustan Machine Tools was incorporated in 1953 by the Government of India as a machine tool manufacturing company. Over the years diversified into watches, tractors, printing machinery, metal forming presses, die casting & plastic processing machinery, CNC systems & bearings. HMT is headquartered at Bengaluru ( Bangalore ). Successful technology absorption in all product groups through collaborations with world renowned manufacturers and further strengthened by continuous in-house R&D. Today, HMT comprises six subsidiaries under the ambit of a holding company, which also manages the tractors business directly.

HMT Limited has 18 manufacturing units.The constituent subsidiaries are given below while the holding company retains the tractors business group.

HMT’s tractor business commenced its operations in 1971 in technical collaboration with M/s MOTOKOV, Czechoslovakia. HMT

started the operation with the manufacture of 25 HP tractor at the manufacturing plant in Pinjore, Haryana state. Over the years, it has developed tractors ranging from 25 HP to 75 HP.

HMT Limited took over Praga Tools Limited as one of its subsidiaries 1988.[1] Praga Tools Limited was established in May, 1943 as Praga Tools Corporation Limited to manufacture machine tools with its head quarters at Secunderabad. It was renamed as Praga Tools Limited in 1963. It is mainly involved in manufacture of machine tools including CNC machines.

HISTORY:YEAR EVENTS 1953 - The Comp. was Incorporated in Bangalore. The Comp. was converted into a Public Limited Comp. on May 13, 1977. The main objects of Comp. is Manufacturing of Machine Tools, Metal forming presses & press brakes, pressure die, casting machines & automatic plastic injection moulding machines, Automatic plastic injection moulding machines, Paper cutting machines, Automatic plastic injection moulding machines, Paper cutting machines, Tractors 25/35/55 HP, Lamps & Lamp making machines, Printing Machinery, Printing Machinery, Watches. Some of trade names of watches manufactured are Janata, Sona, Pilot, Tarun, Nutan, Jawhar, Automatic Day & Date, Priya, Chinar, Nishat, Rakhee, Avinash & Kohinoor.

- The Machine Tool Division at HMT Bangalore, was the oldest manufacturing unit of Comp. & the product lines consist of 16 types of metal working machines. The Die Casting Division was set up for manufacture of Die Casting & Plastic Injection Moulding machines in technical collaboration with Reifenhaeuser GmbH and Co. of West Germany.

- HMT [Internationals], Ltd., with an issued capital of Rs 6 lakhs is a wholly owned subsidiary of Company.

- All shares held by President of India & his nominees. Out of issued capital, 7,122 No. of Equity shares were issued as fully paid-up without payment in cash & 40,000 fully paid Equity shares were allotted on amalgamation of erstwhile Machine Tool Corporation of India, Ltd., Ajmer.

1977 - All shares issued to Govt. of India.

HMT International has already set up successfully training Algeria & the Maldives. A batch of 17 Senegalese instructors has already undergone training at HMT international training centre in Bangalore.

Products / Services :

    Machine Tools

Product Range

TURNING MACHINES GRINDING MACHINES

GEAR MANUFACTURING MACHINES MACHINING CENTRES

OTHER GPMs DIECASTING MACHINES

PRESSES CNC SYSTEMS

PRECISION BALLSCREWS

TURNING MACHINES

High Speed Precision Lathe CRAFTMASTER

CNC Lathes CNC Turning Centres Heavy Duty Lathes

Single / Twin Spindle Chuckers / Multispindle CNC

Automats Sliding Head Automats CNC Training Lathes

Centre Lathes CNC Slant Bed Turning Centres

CNC Heay Duty Lathes CNC Chuckers

CNC Turnmill Centres

GRINDING MACHINES

CNC Surface Grinding Machine SGC1

Cylindrical Grinders - CNC Internal Grinders - CNC

Centreless Grinders - Non-CNC Surface Grinders - Non-CNC

Double Disc Grinders - Non-CNC Grinders - Others

Cylindrical Grinders - Non-CNC Centreless Grinders - CNC Surface Grinders - CNC

Double Disc Grinders - CNC

Tool & Cutter Grinders

 GEAR MANUFACTURING MACHINES

CNC High Speed Gear Shaper WS1 CNC-3A

Gear Hobbers - CNC Gear Shapers - CNC

Gear Hobbers - Non-CNC

Gear Shapers - Non- CNC

MACHINING CENTRES

CNC Drilling & Tapping Machining Centre BLITZ 30

Machining Centres - Horizontal Machining Centres - High Speed Machining Centres - Vertical

CNC Drilling & Tapping Centre Flexible Manufacturing Cells

Flexible Manufacturing Modules

Flexible Manufacturing Systems

OTHER GPMs

CNC Vertical Tool Room Milling Machine CTR-1

Programmable Knee Type Milling Machine Turret Ram Type Milling Machine

Column Drill Broaching Machine

Knee Type Milling Machine Radial Drill

Carbide Tool Lapping Machine

Vertical Surface Broaching Machine

 DIE CASTING & PLASTIC INJECTION MOULDING MACHINES

Horizontal Cold Chamber pressure Die casting Machine DC 500

HMT offers 9 models of Die-Casting Machines with locking forces ranging from 80 to 1100 tones to cover a wide range of pressure Die-

Casting of Aluminum, Zinc, Magnesium, Copper, Lead & Tin components.

The salient features of these machines include digital setting of Die-closing / Opening and Ejector Speed, Flying Piston type accumulator individually adjustable speeds and pressures, large adjustable opening

stroke and programme logic control.

HMT manufacturing six models of Plastic Injection Moulding Machine ranging from 80 to 630 tones locking force.

 PRECISION BALL SCREW

A wide range of PRECISION BALL SCREWS used in CNC Machine Tool, Roto Gravure printing machines and various engineering products

for conversion of rotary motion into linear movement and vice versa.

The range covers Ball Screws in sizes from Dia 25 MM to Dia 80 MM with leads 5,8, 10 & 12 MM pitches. Maximum length up to 3500 MM

PRESSES

HMT offers wide range of Mechanical Presses Hydraulic Presses Mechanical Press Brakes & other Presses

The HMT range covers Mechanical Presses up to 2500 tonnes and Hydraulic Presses upto 8000 tonnes.

HMT Presses are designed and offered in various arrangements.

Crank / Eccentric Shaft / Eccentric Gear / Knuckle Joint Type with a choice of single point, two point or four points of power application and gearing arrangements to suit individual requirements.

SERVICES

   REFURBISHING SERVICES 5-AXES HORIZONTAL MACHINING CENTRE

Before After

Manufacturer : Friedrich Deckel Aktiengesellschaft, Germany

Model : Deckel DC-40

Year of Manufacture

: 1985

Customer : Messrs Drillco-Seco Limited, Pune

Scope :Total reconditioning of the machine with retrofitting of new CNC system

CNC SYSTEMBefore After

SPECIFICATIONS

Existing obsolete Sinumerik 8MC CNC system and DC axes and spindle motors replaced with state-of-the-art digital Siemens 840D CNC system and AC axes and spindle motors and drives.

Flame hardened guideways of all axes are reground to restore original geometrical accuracies.

Obsolete “spindle resolver” used for spindle orientation replaced by high resolution encoder built on the spindle motor.

Damaged/missing tool pockets (15 nos.) reengineered and manufactured indigenously.

All the machine geometrical accuracies restored including the rapid rate of 15 m/min for axes.

Existing worn out ballscrews of X, Y and Z axes replaced with new ballscrews of HMT make.

All the non-compatible Linear Scales of the axes replaced with in-built encoder features of the digital servomotors for position feed back.

Traverses

X / Y / Z AxisA / B Axismm630/500/630 degree 165/360

Spindle

PowerSpeed RangekW16.3 rpm 16-6000

Taper   ST 45

Auto Tool Changer

Magazine Positions

Max. Tool Diameter 40 mm f 125

With neighboring position vacant mm f 175

Max. Tool Length mm 368

Max. Tool Weight kg 15

Accuracy

Repeatability on X, Y & Z axisIndexing Positioning accuracy of A / B axismm0.005

arc sec.

15 / 50

CENTRELESS GRINDER REFURBISHED AT MTA   

Machine Tools Division, Ajmer has recently refurbished a Centreless Grinder with Conveyer System Model SASL 200x500 of MIKROSA. This second hand imported machine for rough and finish grinding of compressor crankshafts was refurbished for Messrs Applicomp, Bangalore.

The machines have grinding wheels dia. 500x500x350 mm and the system include automatic loading and unloading of crankshafts from magazine to grinding zone and then to the conveyor for transfer from rough grinding to finish grinding machine. Two crankshafts are ground at a time.

The first machine has already been dispatched to the customer after exhaustive and successful trials by customer.

Size tolerance : 8 microns

Cylindricity : 3 microns

Surface Finish : 3 Ra microns

The second machine is under testing. MTA’s expertise in manufacturing high precision grinding machines and in refurbishing has satisfied the customer and MTA is likely to get more orders for refurbishing imported grinding

machines.

After

Before

CORPORATE PROFLE

Organization

HMT LIMITED (SUBSIDIARIES)Organization Of Subsidiaries of HMT Limited

HMT Limited (Subsidiaries)

HMT LIMITED -HOLDING COMPANY

HMT Limited - Holding CompanyCitizens' Charter (Holding Company)(Tractors' Business)

HMT Limited, with a diverse range of products, over 18 manufacturing units and a countrywide well established marketing network restructured its various businesses into different subsidiaries under the ambit of a holding company. The constituent subsidiaries of HMT Limited are as below while the holding company retains the Tractors Business Group.

Sl.No. Name of Subsidiary % Holding

1 HMT Machine Tools Limited 100

2 HMT Watches Limited 100

3 HMT Chinar Watches Limited 100

4 HMT International Limited 100

5 HMT Bearings Limited 97.25

6 Praga Tools Limited 51.00

The Holding Company with its Corporate Head Quarters at Bangalore forms the hub for the activities of the different subsidiaries. The Holding Company while ensuring good corporate governance also pursues strategies such as

Creation of strategic alliances, Development of brand equity, Provision of strategic planning inputs,

Interface with regulatory agencies, Creation and maintenance of data warehouse with suitable corporate

informational data for the use of all subsidiaries.

The profile of the Tractors Business Group is as follows.

HMT’s TRACTORS BUSINESS

HMT’s Tractor business commenced its operations in 1971 in technical collaboration with M/s MOTOKOV, Czechoslovakia Republic. Initially, HMT started the operation with the manufacture of 25 HP Tractor at the manufacturing plant established in Pinjore, Haryana State.

Over the years, it has developed Tractors ranging from 25 HP to 75 HP. The company achieved market leadership in tractors by enlarging its range to cover most of the applications for the farming community.

Currently the company has three tractor manufacturing units in India located at Pinjore in Haryana, Mohali in Punjab and Hyderabad in Andhra Pradesh. It has a well equipped R&D Center duly recognized by the Department of Scientific and Industrial Research , the Government of India.

The Tractor Business Group of HMT has been a proud recipient of a number of National Level - Productivity Awards. It has also been certified for ISO-9001 by KEMA, Netherlands.

It has an installed capacity of 18,000 Tractors for manufacturing and assembly operations. It has an in-house marketing organization comprising 17 Area Offices, 11 Stockyards and over 300 Dealers spread across the country. HMT Tractors Group is ably supported by over 40 Ancillary Units. It has qualified and experienced workforce.

HMT has produced and marketed over 3,60,000 Tractors since inception in India and abroad.

FINANCIAL RESULT Balance sheet

  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Sources of fundsOwner's fundEquity share capital 760.35 760.35 760.35 515.65 482.92Share application money 443.00 443.00 443.00 687.70 29.03Preference share capital - - - - -Reserves & surplus -506.11 -453.20 -382.41 -337.74 -392.04

Loan fundsSecured loans 254.65 341.70 324.91 598.43 605.16Unsecured loans 366.26 231.42 196.07 257.10 322.26Total 1,318.16 1,323.27 1,341.92 1,721.13 1,047.33

Uses of fundsFixed assetsGross block 136.39 132.49 120.02 117.70 116.13Less : revaluation reserve - - - - -

  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06Less : accumulated depreciation 96.93 93.42 90.36 87.38 86.09Net block 39.46 39.06 29.66 30.33 30.04Capital work-in-progress 0.82 2.29 7.85 6.05 5.16Investments 765.56 765.71 765.71 765.71 78.01

Net current assetsCurrent assets, loans & advances 726.68 710.37 743.83 1,138.40 1,133.04Less : current liabilities & provisions 214.37 194.45 207.11 223.15 237.36Total net current assets 512.31 515.92 536.73 915.25 895.68Miscellaneous expenses not written - 0.29 1.98 3.80 38.45Total 1,318.16 1,323.27 1,341.92 1,721.13 1,047.33

Notes: Book value of unquoted investments 765.56 765.71 765.71 767.42 77.80Market value of quoted investments - - - - -Contingent liabilities 10.52 14.40 22.71 37.74 36.84Number of equity sharesoutstanding (Lacs)

7603.50 7603.50 7603.50 5156.51 4829.21

Share holding

Share holding pattern as on : 31/12/2010 30/09/2010 30/06/2010Face value 10.00 10.00 10.00

No. Of Shares

% Holding

No. Of Shares

% Holding

No. Of Shares

% Holding

Promoter's holdingIndian Promoters 751853740 98.88 751853740 98.88 751853740 98.88Sub total 751853740 98.88 751853740 98.88 751853740 98.88

Non promoter's holdingInstitutional investors

Banks Fin. Inst. and Insurance

258270 0.03 520560 0.07 517850 0.07

FII's 38151 0.01 38969 0.01 33568 -Sub total 315521 0.04 578829 0.08 570718 0.08

Other investorsPrivate Corporate Bodies

1675445 0.22 1755533 0.23 1730186 0.23

NRI's/OCB's/Foreign 96324 0.01 94577 0.01 95548 0.01

No. Of Shares

% Holding

No. Of Shares

% Holding

No. Of Shares

% Holding

OthersOthers 326112 0.04 130190 0.02 95660 0.01Sub total 2097881 0.28 1980300 0.26 1921394 0.25General public 6082998 0.80 5937271 0.78 6004288 0.79Grand total 760350140 100.00 760350140 100.00 760350140 100.00

OBJECTIVES AND GOALS

· To encourage the modernisation of Indian Industry through the supply of engineering goods and services of world class excellence

· To maintain technological leadership through continuous efforts to update product technology and manufacturing methods · To globalize our operations by developing a mix of international markets and businesses · To ensure a satisfactory return on capital employed, to meet the growth needs and the aspirations of our stakeholders

· To present an active, pleasant and productive working environment

MISSION AND VISION

To establish ourselves as one of the world’s premier companies in the engineering field having strong international competitiveness.To achieve market leadership in India

through ensuring customer satisfaction by supplying internationally competitive products and services.To achieve sustained growth in the

earnings of the group on behalf of shareholders.

BIBLIOGRAPHY

WWW.HMTINDIA.COM