PROJECT REPORT ON INDUSTARYSubmitted to Punjab Technical
University in partial fulfillment of the Requirement for the
awardOFBACHELOR OF BUSINESS ADMINISTRATIONUnder Guidance of :Miss.
Preeti SharmaLecturerSubmitted by:MOHIT SAINIUniv. Roll. No.
81005320107BBA- Vth SEMESTER
Chandigarh Business SchoolLandran, Mohali2008-2011 Certificate
of Supervisor
This is to certify that MOHIT SAINI Roll No. 81005320107 has
completed the Research Project Titled RATIO ANALYSIS OF INDUSTARY
under my supervision in partial fulfillment of the BACHELOR OF
BUSINESS ADMINISTRATION degree Approved by AICTE of Punjab
Technical University Supervisors signatureMiss.Preeti
SharmaLecturter, CBSDate:Place: Landran, Mohali
Forwarded for evaluation by the Dean: (Deans Signature) Seal of
the Dean
DECLARATIONI, hereby declare that the research project report
titled RATIO ANALYSIS OF INDUSTARY is my own original research work
and this report has not been submitted to any University/Institute
for the award of any professional degree or diploma MOHIT SAINI BBA
, 5th SEMESTER CHANDIGARH BUSINESS SCHOOLDate: Place: Landran,
Mohali
ACKNOWLEDGEMENT
A Project report is never the sole product of the person whose
name appears on the cover. There are always some people whose
guidance proves to be of immense help in giving it final shape. So,
it becomes my first duty to express my gratitude towards all of
them.
I am thankful to Mr. Sunil Kumar DGM-(HR Learning and
Development) BHUSHAN POWER & STEEL, for giving me kind
permission to carry out summer training in his organization. I also
pay my regards to, Mr. Sunil Gupta for their guidance, efforts and
timely help. It is because of their sincere cooperation that I am
able to complete this project which is of paramount importance for
the organization, its departments and employees in particular.
MOHIT SAINI
CONTENTS
ACKNOWLEDGEMENT DECLARATION INTRODUCTION VISION THE GROUP
HISTORY OPERATIONS BOARD OF DIRECTORS CODE OF CONDUCT CORPORATE
SOCIAL RESPONSIBILITY INTRODUCTION TO THE TOPIC FINDINGS
CONCLUSIONS
BHUSHAN POWER AND STEELINTRODUCTION
Bhushan Power & Steel Limited (BPSL), is a fully integrated
3.5 Million TPA Steel Making Company having turnover of INR 11,288
Crores (USD 1,858 Million) FY14.The Company is certified to ISO
9001:2008 & TS-16949 Quality Standards and ISO 14001:2004
Environment Management Standards.BPSL is a leading manufacturer of
flat and long products and have state-ofthe-art plants at
Chandigarh, Derabassi, Kolkata and Orissa in India. These plants
manufacture value added products covering entire steel value chain
right from Coal Mining to manufacturing Pig Iron, DRI, Billets, HR
Coils, CR Coils, GP/GC Sheets, Precision Tubes, Black Pipe/GI Pipe,
Cable Tapes, Tor Steel, Carbon and Special Alloy Steel Wire Rods
and Rounds conforming to IS and international standards.The Company
have successfully commissioned a 3.5 Million TPA Greenfield Steel
and Power Plant in Orissa with HR Coil making facility - First in
Private Sector in the State of Orissa. For this plant, technology
and equipments were sourced from leading world-renowned companies
viz., Lurgi, ABB Ltd., SMS Siemag, SMS Meer Danieli, LOI Tenova,
Kocks etc. BPSL has a wide marketing network in both India
(comprising 35 sales offices) and abroad for selling its value
added product range.The rock-solid foundation combined with
continuous upgradation and innovation has enabled the Company to
surpass its goals constantly. BPSL's end-to-end portfolio has
enabled it to offer a wide spectrum of products at superior quality
consistently surpassing customers' specifications. In addition to
export thrust, BPSL cater to the domestic steel requirements of
fast-growing sectors like automotive, white goods, construction /
infrastructure, furniture, fasteners, telecommunication, power
etc.With a view to make its presence in a big way in Special Alloy
Steel Long Product business, BPSL has commissioned a most modern
state of the art Wire Rod-cum-Bar Mill and is commissioning a host
of down stream finishing facilities viz., Heat Treatment
facilities, Bright Bar manufacture etc.Bhushan Steel is the largest
manufacturer of auto-grade steel in India[1] and is spending Rs.
260 billion to expand its capacity to 12 million tonnes
annually,[2][3]from the present installed capacity of around one
million tonnes. The products manufactured are Cold rolled,
galvanised, Bhushan Galume, colour coated tiles, drawn tubes,
strips, wire rods, alloy billets, sponge ironThe products continue
to be a favorite with all quality conscious users of Automobiles
& White Goods/ Domestic appliances & General Engineering
Industries. We take great pride in maintaing the highest standards
of quality which our customers expect and it is no wonder that
eminent corporate like Maruti Udyog, Honda Siel Telco Indica,
Hindustan. Mo General Motor, Hyundai Motors, Ford Motors, Mahindra
& Mahindra, Eicher Tractors, Ashok Leyland, LG Electronics,
Whirlpool, Videocon, Daikin Shriram, National Matsushita, Samsung
Electronics Godrej, Voltas, IFB, Fedders Lloyd, Carrier
Refrigeration, Electrolux Group, Hitachi Airconditioners, KF
Bearing, Cromptom Gr Philips India, BHEL, Aistom Limited, L&T,
BPL, GE Motors, Jhonson Lift, Kone Elevator, Lucas TVS, NRB
Bearing, Harsha Engineers Limited, Bundy India Limited, Tecumseh,
LML, Scooters India Ltd., Bajaj Auto, Honda Motorcycle, Yamaha
Motors, Bajaj Tempo continue their unbounded trust on us and in
regularly sourcing our products. 1. Automobile Industry 2. Home
Appliances
PROFILEAmongst the various reasons behind BSL's unprecedented
growth and rapid integration on the steel value chain, perhaps, the
most important would be its unwavering focus on acquiring the
latest technology and know-how. The most important reason behind
this focus has been BSL's commitment to provide its customers with
the best quality products. The result, to say the least, has been
awe-inspring growth.The Khopoli plant, commissioned in 2004 has
been playing a remarkable role not only in the growth of exports,
but in the production of a much wider variety of value added steel
like Colour Coated Sheets, High Tensile Steel Strappings, Hardened
and Tempered Strips and Precision Tubes. In addition to these, the
Khopoli plant has recently launched the Galume value added steel
(Aluminium & Zinc Coated Sheet) for the first time in the
country.Operating with the most advanced technology, expressed
through a large fleet of latest equipment, machinery and systems,
the Khopoli plant has given a tremendous boost of 425000 MT per
annum to BSL's total production capacity Including 240000 MT of
galvanised steel, which are further forward integrated into Colour
Coated Sheet, Galume and other value added products.
Giving a tremendous volume-thrust to the production capacity of
BSL is its plant at Sahibabad, with a production of 475,000 MT per
annum comprising products such as Automotive Grade C R Sheet and
Galvanised Sheets.
As a strategic move to optimise the usage of resources and
services, as well as to streamline the functioning of all systems
and process within the organisation, BSL has recently implemented
SAP (the global leader in Enterprise Resource Planning Systems).
After all, with sales touching Rs. 3070 crores and installed
capacity in the one million tonnes per annum range, BSL is now
India's 3rd largest Secondary Steel Producer after SAIL and TISCO.
BSL has the distinction of being the only producer In India of the
widest width CR Sheet, besides being a preferred supplier of
automotive grade steel sheets for inner and outer panels to all
leading 4-wheeler and 2-wheeler manufacturers in the country.
The most brilliant milestone in BSL's journey of excellence is
the setting up of a state-of-the-art Hot Rolling Steel & Power
Plant in Orissa. This Integrated Steel and Power Plant will, no
doubt, put BSL firmly on the fast track of progress.
Bhushan Steel Limited, is an ISO 9002,QS 9000 certified and a
company of Rs. 2868 crores ($650 million approx.).
As one of the prime movers of the Technological Revolution in
the Indian Cold Rolled Steel Industry, BSL has emerged as the
countrys largest and the only CR steel plant with an independent
line for manufacturing Cold Rolled coils and sheets up to a width
of 1700 mm, as well as Galvanised Steel Coils & Sheets up to
width of 1350mm.
The Company currently has capacity to produce ALMOST ONE MILLION
MT/Annum of Cold Rolled Steel at Sahibabad and Khopoli Works .
The Company is a single-point source for a wide variety of
products such as CRCA , Galvanized and Colour coated sheets, High
tensile steel ttrapping, Hardened and tempered steel strips (HTSS)
and Precision tubes.
HISTORYGrowing from strength to strength1970-Started with very
small initial outlay for manufacturing Door Hinges & later on,
Rail Track Fasteners.
1973-Manufacturing facilities set up for Tor Steel and Wire Rod
in Chandigarh.
1981-Rolling Mill Project commissioned at Chandigarh for Round
and Narrow Strips.
1985-Backward Integration Project for Steel Melting
facilities.
1986-Upgrading of Mini Steel Plant with continuous casting and
ladle furnace facilities.
1997-Commissioning of Narrow Width Cold Rolling Project at
Chandigarh.
1998-Commissioning of Precision Pipe Project at Chandigarh.
2001-Commissioning of Cold Rolling & Galvanizing Complex at
Kolkata.
2002-Addition of narrow width Cold Rolling facilities at
Kolkata.
2003-Expansion of wide width Cold Rolling facilities, ERW Water
Pipes & Tubes down stream facilities at Kolkata.
2004-Further expansion of Cold Rolling facilities at
Kolkata.
2005-Commissioning of Orissa Project Phase-I consisting of 4 DRI
Kilns, Steel Making Facilities, Coal Washery and 100 MW Power
Plant.
2007-Commissioning of further expansion of Orissa Project
Phase-II consisting of HR Coil Mill, Steel making, Blast Furnance,
Sinter plant, Coke oven plant, Oxygen plant and Lime &
Calcining Plant.
2009-Commissioning of 3.5 million tpa Coal Washery, 146 MW Power
Plant and 0.3 million tpa Sponge Iron under Phase III of Orissa
Project.
2010-Commissioning of 130 MW Power Plant and Electric Arc
Furnace under Phase III of Orissa Project and further expansion of
Orissa Project under Phase IV consisting of 6 DRI Kilns, 130 MW
Power Plant, Steel Making Facilities,2nd CSP Caster & 6th
strand along with Tunnel Furnace, Oxygen Plant, Lime Calcining with
downstream facilities - Cold Rolling, Galvanizing, Galvalume,
Colour Coating, Precision Tube & Black Pipe/GI Pipe.
2011-Commissioning of DRI Kilns, Electric Arc Furnace, 2nd CSP
Caster & 6th Strand alongwith Tunnel Furnace, Cold Rolling Mill
Complex and Galvanising under Phase-IV of Odisha Project.
2012-Commissioning of DRI Kilns, Power Plant, Oxygen Plant, Lime
Calcining Plant, Galvalume, Color Coating, Precision Tube and Pipe
Plant under Odisha Phase-IV Project, and implementation of further
expansion of Odisha Project under Phase V, consisting of DRI Kilns,
Iron Ore Benefication Plant, Pellet Plant, Cold Rolling, Pickling
Line,Precision Tube Mill, Black Pipe Plant and Bright Bar finishing
lines.
2013-Commissioning of Cold Rolling Mill, Pickling Line,
Precision Tube Mill, Black Pipe Plant and Bright Bar Finishing Line
Under Odisha Phase -V Project
2014-Phase-V Successfully Commissioned ahead of its schedule
consisting of Iron Ore Beneficiation Plant, Pellet Plant, Pickling
Line, Cold Rolling Mill, Precision Tube Mill, Black Pipe Plant and
Bright bar Finishing Lines
VISION AND MISSIONOur Mission is to achieve clear identity and
leadership globally in Steel production and distribution by
integration of complete chain of production starting from captive
iron ore to end user Steel products.Our revolution in Steel
production has helped us to carve a niche unique only to a market
leader. Every year passes by with new value additions and more
accolades from our customers - Locally and Globally. Our rising
chart in respect of all-important parameters of production and
finance is a testimony to our claim.In pursuing ourmission, we at
Bhushan Power & Steel Ltd. are guided by the
followingvalues-Quality- To be the best in quality. We aim and
achieve excellence.Technology- State of the art technology and
product enrichment by continuous Research and Development.Customer
Friendly- Our products are world class and more and more clients
are appreciating and using our products. We also undertake
customized products with values addition and enhancement.Corporate
Governance- We comply with all applicable laws and regulations. We
believe in maintaining clean environment and conservation of
natural resources. We contribute towards betterment of our staff
and provide them with best of facilities.Environment Protection and
Practice- We are adopting and implementing pollution control
measures as a matter of policy. Please read our thrust and
directions on this subject byClicking here(All our efforts are in
accordance with the laid down norms of Central Pollution Control
Board for Industrial and Mixed use areas).Our CommitmentsTo improve
the quality of our products and complete integration of various
stages of production. To be conscious towards quality and pricing
of our products. We strive by continuous research and development
to make our products world class, having distinct identity and
uniqueness. Our customers get best value for their money. To run
the company profitably year after year. A workforce motivated,
skilled and well looked after. A workplace safe, secure and
hygienic. To make our Environment Clean, Healthy and
Hospitable.
LOCATION MAP IN INDIA
Marketing Offices
Marketing Network
Andhra PradeshHyderabad,Vijayawada, Secunderabad,
Vishakhapatnam, Tirupati
AssamGuwahati (Assam)
BiharGulabbagh(Purnia)
ChandigarhChandigarh
DelhiDelhi
GujaratAhmedabad,Rajkot, Surat
HaryanaFaridabad,Panchkula,Manesar
HimachalBaddi,Parwanoo,Kullu, Amb, Damtal, Kala Amb
Jammu & KashmirJammu
KarnatakaBangalore, Hubli
KeralaKochi
MaharashtraMumbai,Pune, Nagpur,Aurangabad, Nasik, Raigad
Madhya PradeshIndore
OdishaSambalpur, Rourkela
PunjabAmritsar, Mandi-GobindGarh, Derabassi,Ludhiana
RajasthanJaipur, Bhiwadi
Tamil NaduChennai,Hosur, Coimbatore
Uttar PradeshGhaziabad, Kanpur, Gorakhpur
West BengalKolkata,Siliguri, Hooghly, Bighati
JharkhandJamshedpur
ChhattisgarhRaipur
UttrakhandPantnagar, Haridwar
Dadra & Nagar HaveliSilvassa
Customer Service Centres
HaryanaFaridabad,Manesar
MaharashtraPune,Aurangabad, Nasik
PunjabLudhiana
Tamil NaduHosur
UttrakhandPantnagar
EXCELLENT MECHANICAL PROPERTIES
Practically , No Variation In Mechanical Properties Due To 100 %
Hydrogen Annealing Furnace
The Raw Material Selection Is Done By Computerized Program For
Different Applications
Close Tolerances On Thickness, Width And Length
- X- Ray Thickness Gauge To Measure Thickness To A Fraction Of A
Micron.
- Radiometrie Thickness Checking Across The Width
- Automatic Computerized Thickness Control..
- Shim Less Tooling On Slitting Lines With Computerized Setting
Ensures Correct Width In Close Tolerances .
- Precision Cut- To Length Lines To 0.75 Mm.Ensure Length
Tolerances Better Than
- Automatic Electromagnetic Stacker On Shearing Lines To Produce
Scratch Free
EXCELLENT SURFACE FINISH
Mill Clean System With A Synthetic Coolant To Avoid Any Coolant
Mark On The Strip
Electrolytic Cleaning Line To Remove Iron Fines From Strip ,
Which Helps In Improving The Life Of Salt Spray Test After Painting
And Avoids Carbon Soot Completely . It Also Increases The Tool Life
In Press Shop
Latest And Sophisticated Edt Machine To Provide Controlled
Texture For Better Paint Adhesion And To Achieve Surface Roughness
To Close Tolerances
On- Line Tension Levelling Equipment For Better Flatness And
Controlled Elongation
Computerized Inventory Control Management And Independent Skin-
Pass Mill To Avoid Any Unwanted Storage In Between Annealing And
Skinpass Process.
Kathabar Storage System To Avoid Atmospheric/Rustiness Oxidation
Through De-Humidified Air..
Electro - Static Rust Preventive Oil Spray System For Controlled
Oil Coating On Crca Surface . Oil Coating Can Be Maintained In
Between 0.50 Gms/M To 2.00 Gms/M Per Side.
Among our major and valued customers in India are Hero Honda,
Honda Scooters, Yamaha Motorcycles, JBM, Bajaj Autos, LML Ltd.,
Polar Industries, GE Motors, BPL, HMT, GNA group, Hero Cycles, Avon
Cycles, Atlas Cycles, Delton Cables, Finolex Cables, Sterlite,
Paramount Cables, TBS, Suzuki, Omax Auto, Maruti Udyog Ltd.
etc.
Bhushan's products are being exported to China, Singapore,
Malaysia, Hong Kong, Indonesia, Philippines, Dubai, Oman, Saudi
Arabia, South Africa, Thailand, Korea, Myanmar, Sri Lanka, Nepal,
Bangladesh, Vietnam, USA, nepal, England, Belgium, Turkey, Angola,
and a host of African countries.
BSL( Formerly BSSL)is spearheading a technological revolution in
Indias Cold Rolled Steel industry and, in the spirit of a true
leader, is ceaselessly striving to raise the bar, achieve new
milestones and set new benchmarks in terms of quality of products
and degrees of customer satisfaction.The most brilliant milestone
in BSLs journey of excellence is the setting up of a
state-of-the-art Steel & Power plant in Orissa. On completion,
the plant will be one of the largest integrated HR steel and Power
complexes of the nation.BSLs Galvanised Sheets, Color Coated
Sheets, Coils, Corrugated Sheets and Galume (Zinc and Aluminium
coated) Sheets/Coils are being accepted and appreciated across the
world...Amongst the various reasons behind BSL's unprecedented
growth and rapid integration on the steel value chain, perhaps, the
most important would be its unwavering focus on acquiring the
latest technology and know-how. The most important reason behind
this focus has been BSL's commitment to provide its customers with
the best quality products. The result, to say the least, has been
awe-inspring growth.
The Khopoli plant, commissioned in 2004 has been playing a
remarkable role not only in the growth of exports, but in the
production of a much wider variety of value added steel like Colour
Coated Sheets, High Tensile Steel Strappings, Hardened and Tempered
Strips and Precision Tubes. In addition to these, the Khopoli plant
has recently launched the Galume value added steel (Aluminium &
Zinc Coated Sheet) for the first time in the country.
Bhushan Power & Steel Limited, a fully integrated 1.5
Million TPA Steel making Company with turnover of INR3873 Crores
(USD 950 Million) and 7 World Class ISO 9000 Certified State of the
Art Plants at Chandigarh, Derabassi, Kolkata and Orissa in India. A
leading manufacturer of flat, rounds and long products including
value added products with total steel value chain right from Coal
Mining, Billets, HR Coils, Pig Iron, CR Coils, GP/GC, Precision
Tubes, Black Pipe/GI Pipe, Cable Tapes, Tor Steel, Wire Rod and
Special Alloy Steel.Successfully commissioned 1.5 Million TPA
Greenfield Steel and Power Plant in Orissa with HR Coil making
facilityFirst in Private Sector in the State of Orissa. For the
Orissa plant, technology and equipments are procured from
world-renowned companies like Lurgi from Germany, ABB Ltd., SMS
Demag, Siemens etc. Bhushan is selling its Value added range of
products in Secondary Steel through a large distribution network in
India (comprising more than 35 sales offices) and Abroad.A
rock-solid foundation combined with continuous upgradation and
innovation has ensured that we have constantly surpassed our goals.
Our end-to-end portfolio offers a wide spectrum of products with
consistently superior quality. In addition to our export thrust, we
supply to fast-growing sectors like automotive, white goods,
construction, furniture, fasteners, telecommunication,
etc.VISION
Giving Definition To A Far-sighted Vision
The vision of evolving into a totally integrated steel producer,
committed to achieving the highest standards of quality through
cutting-edge technology, is being realised at Bhushan Steel
Ltd.
If you can anchor your organisation with a single-mindedness of
purpose, for providing-the best service, technology and quality to
customers and stakeholders, then you can deliver higher value for
money wrthin schedule and budget, and continue to thrive even in
the face of rapid change and other challenges besotting the Indian
economy and especilly the steel industry.This is, precisely, what
BSL has been doing since its inception: Acquiring the latest
technology sourced from the global leaders and maintaining global
quality standards; continually upgrading the steel plants and
efficiently implementing projects within schedule and budget always
meeting financial obligations on time and yes, these are the
hallmarks of BSL's Saga of Excellence.
RECOGNITION
ISO 14001 : 2004 ISO/TS/16949:2002OHSAS 18001: 1999
KEY PERSONSShri Brij Bhushan Singal
Chairman
Shri Neeraj Singal
Managing director
Sh. Sandeep Bakhshi
Nominee Director of ICICI Bank
Shri MV Surya Narayana
Nominee Director of LIC
Shri Ravi Kant Srivastava
DirectorPERFORMANCE Performing To Catalyse Progress With A Keen
Focus On Quality
Putting a spotlight upon the brilliant track record of the
company would reveal several attributes that are global in their
scope, which have translated in a sustainable phase of
unprecedented growth for BSL The more important ones out of These
attributes include
Performance at a Glance (Rs. In Crores)
Year2001200220032004200520062007
Gross Sales 1058113912631745286830704202
Exports 70115300389105110061527
PBDIT177183202277410408659
Net Profit 46466196153154313
Cash Accruals 105108133203317312580
Net Worth 4815285736648059601338
Gross Block 94098913021529204430914586
EPS (Rs.) 14141522383875
Interest Coverage Ratio 2.702.713.044.185.084.928.50
Specification
State-of-the-art R&D center, replete with advanced quality
control equipment and conforming to the most stringent
international standards.
Attainment of Export House status in the very first year of its
foray into exports and consequentlybeing honoured with Trading
House status (Export-Sales for 2005-2006 was Rs. 1006 crores).
As the single largest supplier to almost all automobile and
white goods manufacturers of the nation, BSL has quite decisively
established its leadership industry.
Introduced Galume for the first-time in India.
In addition to "the recent commissioning of its colour coated
sheet line, BSL has also developed special grades of import
substitute C R steel, which include;
HSLA (High Strength Low Alloy) steel, remarkable for its greater
strength wrth lesser weight, ideal for critical car panels
IF Steel, crucial for critical applications like Car Body Outer
Panels and white goods Ultra Thin Picture Tube shield, which has
value addition of over 300%
High Tensile material for wheel rims
Cotton steel for rail coaches
CODE OF GOVERNANCE
The Company is committed to attain the highest standard of
Corporate Governance. It recognises that the Board is accountable
to all the Stockholders for good governance. The philosophy of the
Company in relation to Corporate Governance is to ensure
transparency in all its operations, make appropriate disclosure and
enhanced shareholders value without compromising in anyway and in
compliance with laws and regulations.
BOARD OF DIRECTORS
The Board of Directors consists of twelve Directors
Composition and category of Directors is as follows
CategoryName of Directors
Promoters/Executive Directors Sh. Neeraj Singal
Promoters Non-Executive Directors Sh. B B Singal
Non-Promoters Executive Directors Sh. A K KhushuSh. Nittin
JohariSh. P.K. Aggarwal Sh. Rahul Sen Gupta
Non-Executive Director Sh. Mohan Lal
Independent Non-Executive Directors Sh. Ravi Kant Srivastava Sh.
V.K. Mehrotra
Nominee DirectorsSh. Sandeep Bakhshi(Nominee Director ICICI
Bank)Sh. M V Suryanarayana (Nominee Director LIC)
Presently the Board consists of Twelve (12) Directors, out of
which Seven (07) are non executive Directors, Four (04) of whom
being independent
ATTENDANCE OF EACH DIRECTOR AT THE BOARD MEETINGS, LAST ANNUAL
GENERAL MEETING AND NUMBER OF OTHER DIRECTORSHIP AND CHAIRMANSHIP /
MEMBERSHIP OF COMMITTEE OF EACH DIRECTOR IN VARIOUS COMPANIES.
Sr. No. Name of DirectorsAttendance Particulars No ofother
directorshipsand committee membership/chairmanshipRearks
No. of Board Meetings held during their tenure No. of Board
Meetings attended Attendance at last AGM Other Director
shipsCommitteememberhipCommittee Chairman ship
1Sh. B.B. Singal0403No110402
2Sh. Neeraj Singal0403Yes0902--
3Sh. Sanjay Singal04--No030303
4Sh. Mohan Lal0403Yes010101
5Sh. M V Suryanarayana0403Yes--02--
6Sh. Ravi Kamt Srovastava 0302No------Appointed w.e.f.
25.07.2005
7Sh. V.K. Mehrotra0202No------Appointed w.e.f. 26.10.2005
8Sh. Sandeep Bakhshi----No01----Appointed w.e.f. 28.03.2006
9Sh. J.K. Jain0101No------Appointed on 28.11.2005 and
withdrawnw.e.f. 28.03.2006
10Sh. Subir Bisht 0301No0302--Withdrawn w.e.f. 28.11.2005
11Sh. A.K. Khushu 0402No------
12Sh. Nittin Johari 0303No0201--Appointed w.e.f. 25.07.2005
13Sh. P.K. Aggarwal0403Yes0502--
14Sh. Rahul Sen Gupta0302No03----Appointed w.e.f. 25.07.2005
No.Of Board Meetings Held And The Dates On Which Held
During the year 2005-2006 Four (04) Board Meetings were held on
30/04/2005, 25/07/2005, 26/10/2005 and 31/01/2006.
PRODUCTSCABLE TAPESThese Tubes are widely used for Power and
Industrial boilers, Transformers, Super heaters, Automobiles and
Bicycles, Railway Electrification, Furniture and General
Engineering Applications etc.
Specifications of TubesERW TUBESCEW TUBES
OUTER DIAMETER (MM)6.00 TO 127.00 MM09.00 TO 110.00 MM
THICKNESS(MM)0.40. TO 6.000.80 TO 6.00
LENGTHUPTO 12 MTRS.UPTO 12 MTRS.
APPLICATIONSAutomotive,Boiler & Heat Exchangers ,Air Heater,
GEN. EGG., Bicycle & Propeller ShaftsAutomotive, Boiler, Shock
Absorbers, Textiles, General Engg. Propeller Shafts, Cylinder bore
tubes for special applications & front fork tube for two
wheeler.
Cable Tapes are manufactured at our Chandigarh and Kolkata
plants.GP COILSThese Tubes are widely used for Power and Industrial
boilers, Transformers, Super heaters, Automobiles and Bicycles,
Railway Electrification, Furniture and General Engineering
Applications etc.
Specifications of TubesERW TUBESCEW TUBES
OUTER DIAMETER (MM)6.00 TO 127.00 MM09.00 TO 110.00 MM
THICKNESS(MM)0.40. TO 6.000.80 TO 6.00
LENGTHUPTO 12 MTRS.UPTO 12 MTRS.
APPLICATIONSAutomotive,Boiler & Heat Exchangers ,Air Heater,
GEN. EGG., Bicycle & Propeller ShaftsAutomotive, Boiler, Shock
Absorbers, Textiles, General Engg. Propeller Shafts, Cylinder bore
tubes for special applications & front fork tube for two
wheeler.
GP Coils are manufactured at our Odisha and Kolkata plants.
STEEL COILSThese Tubes are widely used for Power and Industrial
boilers, Transformers, Super heaters, Automobiles and Bicycles,
Railway Electrification, Furniture and General Engineering
Applications etc.Specifications of TubesERW TUBESCEW TUBES
OUTER DIAMETER (MM)6.00 TO 127.00 MM09.00 TO 110.00 MM
THICKNESS(MM)0.40. TO 6.000.80 TO 6.00
LENGTHUPTO 12 MTRS.UPTO 12 MTRS.
APPLICATIONSAutomotive,Boiler & Heat Exchangers ,Air Heater,
GEN. EGG., Bicycle & Propeller ShaftsAutomotive, Boiler, Shock
Absorbers, Textiles, General Engg. Propeller Shafts, Cylinder bore
tubes for special applications & front fork tube for two
wheeler.
Precision Tubesare manufactured at our Odisha, Chandigarh and
Kolkata plants.
WIRE ROD AND BAR MILLWith the introduction of most
technologically advanced special and alloy steel long product
rolling complex for manufacture of value added bars and coils, a
new dimension has been added in BPSL's long history in the steel
business.
The Long Product Rolling Complex consists of a most modern 0.5
million tpa multiproduct Wire Rod and Bar Mill (18 pass Horizontal
& Vertical Continuous Mill) supplied by Danieli Morgardshammar,
Italy and KOCKS, Germany (4 pass mill).The state of the art Wire
Rod & Bar Mill, one of the most modern plants of this type in
the world, will produce: Straight Bars Bar in Coil form Wire
rods
RAW AND FINISHED PRODUCTS
Input MaterialsItemTypeSourceSize (mm)Lenth (Metres)Maximum
Weight (Kg)Maximum Weight (Kg)
1BilletSteel Melt Shop CCM200x2009.5mts.3141800-3000
2BilletSteel Melt Shop CCM180x18012mts.2481488-3000
3BilletSteel Melt Shop CCM160 X16012mts..2001200-2400
Finished Product Bundle CharacteristicsNo.LENGTHWEIGHTMAX
DIA.END CUTS
(Meters)KgmmCold Shear Metallic Saw & Abrasive Cut
162000300
2124000300
(*) The actual min. and max. weight would depend on product
linear weight, number of bars per layer and number of layers per
stack selected.Wire Rod Coil CharecteristicsItemOutside DiaInside
diaNo & Type of tiesWeight
1Approx. mmApprox mmNo - typeKg
212509004-flat knot2100,2400,3000
Bar in Coil CharecteristicsItemOutside DiaInside diaNo &
Type of tiesWeight
NoApprox. mmApprox mmNo - typeKg
1140010504-flat knot2100,2400,3000
OPREATIONSBHUSHAN POWER & STEEL Hisar PlantBHUSHAN POWER
& STEELs parent plant at Hisar is underway expansion to meet
annual melting and hot rolling capacity of 7, 20,000 MT, further to
be expanded to 1.5 MT by 2010. The current cold rolling capacity of
2, 75, 000 tons at Hisar is being upgraded to 3, 75,000 tons within
a year to cater to the domestic market, with heavy investments and
impetus on production of value added stainless steel products. The
new facility will process Ferrite grades of stainless steel, which
promises to fill in a large share of stainless market. BHUSHAN
POWER & STEEL is also the pioneer in production of high value
added precision strips of razor blade quality and other grades for
critical applications. The production capacity of the precision
strip unit is also being increased from 15000 tonnes to 30000
tonnes.At Hisar, Bhushan Stainless has India's only composite
stainless steel plant for the manufacture of Stainless Steel Slabs,
Blooms, Hot rolled and Cold Rolled Coils, 60% of which are exported
worldwide. Precision Strips The Company produces stainless steel
precision strips in various grades. These strips are produced in
narrow 20-Hi mills in the precision cold rolling unit. Blade Steel
The Company is the exclusive producer of stainless steel strips for
making razor and surgical blades in India. Coin Blanks Besides
supplying CR Strips to the Government of India, the plant at Hisar
houses a coin blanking line for supply of coin blanks to the Indian
Mint and Mints in the global markets.
BHUSHAN POWER & STEEL Greenfield Orissa: Poised to Join Top
league of Stainless Steel Producers Worldwide
As part of the massive expansion plans across locations, BHUSHAN
POWER & STEEL is setting up one of worlds largest single
location fully integrated stainless steel plant at Orissa; the 1.6
Million TPA Greenfield Project envisages complete integration from
mining to cold rolling, along with 500MW captive power
plant.Entailing investments of INR 2257 Crore in Phase I & INR
5597 Crore in Phase II, the project is being commissioned in
phases, with majority of Phase I envisaging the Ferro Alloy shops
and thermal power already become operational in 2007-08. Majority
orders of equipments for Phase II of the project have already been
placed with leading equipment suppliers and work on the ground is
underway.WAY
way Ltd. Established in collaboration with Steelway of Italy
provides customized products and distribution services in stainless
steel to meet specific requirements of Slitting /CTL / Blanks, for
the customers across consumer durable, automotive segments, OEMs
and is the largest provider of coin blanks to the Govt. of India
mint. JSSL has two service centers in operation at Gurgaon and
Mumbai and additional two under way commissioning at strategic
locations across key stainless markets.Bhushan Stainless, OrissaThe
Company has successfully implemented 2.3 million tpa Integrated
Steel and Power Plant in Orrisa comprising 8 DRI Kilns of 500 TPD,
376 MW Power Plant, Coal Washery, two CSP Plant, Blast Furnace,
Coke Oven Plant, Sinter Plant, Oxygen Plant, Steel Making and Lime
& Dolomite Plant, Cold Rolling Mill, Galvanizing and
Galvalume.
Public Infrastructure: Green Delhi B-Q-S & Parivartan City
Infrastructure Ltd. Changing Face of Urban Infrastructure &
Outdoor Media Green Delhi B-Q-S and Parivartan City Infrastructure
are subsidiaries of BHUSHAN POWER & STEEL, marking new venture
in stainless steel public infrastructure, outdoor media and
introduce new and finer technology and materials to compliment
outdoor signage design concept in all Stainless Steel Structure
& street furniture; the two ventures are set to add new
dimension to urban landscaping & infrastructure & Outdoor
Media Display. Exploring new horizons and successfully at that, is
BHUSHAN POWER & STEELs way of contributing towards global
modernization and developmental initiatives for the people &
regions it operates.Arc (Bhushan Architecture Limited)arc the brand
line of Bhushan Architecture essentially epitomizes the versatility
and innovative possibilities that only Stainless Steel could
justify; signifying BHUSHAN POWER & STEELs impassioned efforts
to bring stainless steel closer to common place applications, JAL
was conceived to realize BHUSHAN POWER & STEELs incessant quest
to push the envelope and raise the bar to provide state-of-the-art
design & architectural solutions for the burgeoning
infrastructure and lifestyle living sectors.
Lifestyle: art d in ox ( Austenitic Creations Pvt. Ltd.)
Austenitic Creations Pvt. Ltd. (art d inox), the forward
integration venture and BHUSHAN POWER & STEELs lifestyle
division offers premium, designer lifestyle products in stainless
steel for home dcor, lifestyle, office, bar, bath and accessories.
art d inox has 11 exclusive boutiques across the country and also
over 300 shop-in-shop retail outlets. The young company has
successfully created a niche while breaking newer grounds with
innovation and style.
BHUSHAN POWER & STEEL Today: Cost Leadership Product
Innovation CRM distinguish BHUSHAN POWER & STEEL International
standard Stainless Steel flat products in Austenitic, Ferritic and
Martensitic grades in over 40 countries worldwide. Mine to Mint
BHUSHAN POWER & STEEL leads with majority share of the Indian
market with strong integrated value chain from captive raw inputs
to stainless steel end products & innovative end user
solutions. Stainless Green - ISO 9001, ISO 14001 &OHSAS 18001
certified, BHUSHAN POWER & STEEL follows stringent
international green processes across all plant locations in Hisar,
Orissa, Vizag, Indonesia and Vietnam. Expanding Footprints with
presence in over 40 countries, BHUSHAN POWER & STEEL is
expanding footprints both in capacities and global network across
key Stainless Steel markets.Steel Making In Bhushan Stainless.There
are two Steel Melt Shops I and II. Steel Melt Shop I is dedicated
to production of stainless steel slabs and blooms while Steel Melt
Shop II produces blooms.Steel Melt Shop IThis shop comprises of one
Electric Arc Furnace, one ASM Converter and one VOD unit one Ladle
Refining Furnace (LRF), one Continuous Slab Casting Machine and one
Twin Strand Bloom Caster. The shop is capable of producing 150,000
metric tons of stainless steel slabs and blooms in various grades
annually. The VOD unit here ensures that the stainless steel has a
very low inclusion and gas content. Stainless steel required for
demanding applications by nuclear power plants, space and other
sophisticated applications is produced here.Concern for
EnvironmentEco-Friendliness:-Bhushan Stainless is committed to
complying with the requirements of the state Pollution Control
Board. Having received the ISO 14001 certification, Bhushan
Stainless has a fully fledged environment department which manages
the existing facilities for pollution control. It has a sewage
treatment plant for domestic affluent whose treated water is reused
for horticulture purposes as well as in industrial applications.
The air pollution control systems consist of a wet scrubber of ASM
Convertor in Steel Melt Shop-1 and a Bag House for Electric Arc
Furnace. A centralized fully automatic PLC controlled dry air
pollution control system has been installed for the complete shop
floor at Steel Melt Shop II for Electric Arc Furnace, Ladle
Refining Furnace and ASM Convertor.
MANAGEMENT:BOARD OF DIRECTORS
Chairperson Smt. Savitri Bhushan
Vice Chairman & Managing DirectorSh. Ratan Bhushan
DirectorSh. Naveen Bhushan
DirectorSh. T.R. Sridharan
Joint Managing Director & Chief Operating OfficerSh. R.G.
Garg
Directors Dr. L.K. Singhal
Directors Sh. Suman Jyoti Khaitan
Executive Director Sh. N.P. Jayaswal
Executive Director Sh. Rajinder Parkash
DirectorSh. B.D. Gupta
Director - Corporate AffairsSh. N.C. Mathur
Corporate Social ResponsibilityMr. OP Bhushan, had a vision of a
progressive state - a state where men and women worked shoulder to
shoulder towards a happier tomorrow. Bhushan Stainless constantly
echoes those thoughts and takes its role as a responsible corporate
citizen very seriously. Giving back to the community at large has
been an objective from the very beginning.
Schools at various levels have been set up to educate the
specifiers of the future. The Vidya Devi Bhushan and The Bhushan
Modern School, at Hisar, is fully child oriented and ensures
holistic development of a students mental and physical
potential.Adopting villages and thus contributing to the
development of a region has also been part of the overall Bhushan
plan. Improving of medical facilities is yet another field of
endeavor. NC JIM Care, at Hisar offers the entire range of
diagnostic, treatment and surgical facilities. Immunization drives
and free healthcare camps on different medical aspects are also
conducted from time to time.
At our Stainless Steel plants, the challenge faced is to make
and process stainless steel without adversely impacting the
environment. Bhushan Stainless has a formal environmental
protection program in place since inception. We recognize the
importance of protecting our environment, and that of our children
and our commitment is unwavering in this respect.Bhushan Stainless
Ltd. complies with the requirements of the State Pollution Control
Board. Having received the ISO 14001 certification, the company has
a full-fledged environment department that manages the existing
facilities for pollution control.
It has a sewage treatment plant for domestic affluent whose
treated water is reused for horticulture purposes as well as in
industrial applications. With greater efforts being made to achieve
low long-term maintenance costs, less environmental impact and
greater concern with life cycle costs, the market for stainless
steel continues to improve.Some stories using pics
On 01.05.09,Ms Bindu a physically challenged girl was presented
a tricycle. Ladies from Bhushan Stainless Club visited Govt. IE
Middle School on 11.05.09. Mrs. Durga, Principal of the School
briefed about the School activities and appreciated collaboration
of BHUSHAN POWER & STEEL Ltd with the Special children.
The admission process for the courses in Dress designing &
Fashion Technology, Beauty Culture, Computer Education and
Electrical Trade is currently going on, with adequate publicity
measures having been undertaken. Over 270 prospectuses along with
admission forms were sold to within a few days.The Stainless Skill
Training Institute in collaboration with CII & City &
Guilds is conducting an examination for students past and present
in trades of dress designing & Fashion Technology, Beauty
Culture and Electrical Trade. The Government recognized
certification process will help the students in seeking
employment.
Relief Operation at Matikar Village by CSR teamEarly morning on
13th May a massive fire devastated six homes in a village close to
our plant at Jajpur perhaps sparked due to short circuit. On
getting information the CSR team rushed to the site and immediately
took stock of the situation after carrying a quick assessment of
the damage. The CSR medical team treated burn injury cases and
relief items like food and clothes were distributed among the
victims. Cash was also given to the individuals toward support for
re-construction of their thatched houses.
Cleaning of Water tankMarutikar village, where the fire broke
out on 13 May, is being developed into a model community village,
with programmes in collaboration with Soputra, on Pisciculture,
Beetle-vine cultivation, a women empowerment centre and a Non
Formal Education Centre. The first project of Pisciculture has
already commenced with cleaning of the water tank, which by itself
is a big challenge.
Programme on HIV & AIDSAs a follow up to the HIV & AIDS
programme, a workshop was conducted by a resource person from Modi
Care Foundation at Jajpur. Over 80 participants groups of 20
benefited from the awareness programme.
Health Care ProgrammeBHUSHAN POWER & STEEL has started a no
of health facilities programme that include Mobile Health Vans.
These go from village to village and along with the checkup of
villagers provide them with medicines and instructions for better
health.
Along with this the BHUSHAN POWER & STEEL is providing funds
and a no of programs are conducted in association with WHO, CRY and
other NGOs from time to time. In short The BHUSHAN POWER &
STEEL is fulfilling its Corporate Social Responsibility.
INTRODUCTION TO THE TOPICMeaning of Ratio: A ratio is simple
arithmetical expression of the relationship of one number to
another. It may be defined as the indicated quotient of two
mathematical expressions. According to Accountants Handbook by
Wixon, Kell and Bedford, a ratio is an expression of the
quantitative relationship between two numbers.Ratio Analysis: Ratio
analysis is the process of determining and presenting the
relationship of items and group of items in the statements.
According to Batty J. Management Accounting Ratio can assist
management in its basic functions of forecasting, planning
coordination, control and communicationIt is helpful to know about
the liquidity, solvency, capital structure and profitability of an
organization. It is helpful tool to aid in applying judgment,
otherwise complex situations. Ratio may be expressed in the
following three ways: Pure Ratio or Simple Ratio: It is expressed
by the simple division of one number by another. For example, if
the current assets of a business are Rs. 200000 and its current
liabilities are Rs. 100000, the ratio of Current assets to current
liabilities will be 2:1. Rate or So Many Times: In this type, it is
calculated how many times a figure is, in comparison to another
figure. For example , if a firms credit sales during the year are
Rs. 200000 and its debtors at the end of the year are Rs. 40000 ,
its Debtors Turnover Ratio is 200000/40000 = 5 times. It shows that
the credit sales are 5 times in comparison to debtors. Percentage:
In this type, the relation between two figures is expressed in
hundredth. For example, if a firms capital is Rs.1000000 and its
profit is Rs.200000 the ratio of profit capital, in term of
percentage, is 200000/1000000*100 = 20%
ADVANTAGE OF RATIO ANALYSIS 1. Helpful in analysis of Financial
Statements.2. Helpful in comparative Study.3. Helpful in locating
the weak spots of the business.4. Helpful in Forecasting. 5.
Estimate about the trend of the business.6. Fixation of ideal
Standards.7. Effective Control.8. Study of Financial Soundness.
LIMITATIONS OF RATIO ANALYSIS1. Comparison not possible if
different firms adopt different accounting policies.2. Ratio
analysis becomes less effective due to price level changes.3. Ratio
may be misleading in the absence of absolute data.4. Limited use of
a single data.5. Lack of proper standards.6. False accounting data
gives false ratio.7. Ratios alone are not adequate for proper
conclusions.8. Effect of personal ability and bias of the
analyst.
CLASSIFICATION OF RATIO Ratio may be classified into the three
categories as follows:Liquidity and Solvency Ratio Current Ratio
Quick Ratio or Acid Test Ratio Debt Equity Ratio
Profitability Ratios Operating Ratio Profit before Tax Return on
Investment Gross Profit Ratio Net Profit Ratio Return on Capital
Employed Return on Net Worth
Debt Coverage Ratio Interest Coverage Ratio
Management Efficiency Ratios Inventory Turnover Ratio Debtors
Turnover Ratio Fixed Assets Turnover Ratio Net Assets Turnover
Working Capital Turnover Ratio
Equity Related Ratios Earnings Per Share (EPS) Book value per
shareFINDINGS2004-052005-062006-072007-082008-09
Liquidity and Solvency RatiosCurrent
Ratio1.461.251.351.501.61
Quick Ratio1.130.961.061.101.19
Debt Equity Ratio0.450.240.260.290.26
Profitability Ratios (%)Operating Profit
Ratio6.617.546.116.025.08
Profit Before Interest And Tax Ratio5.275.384.644.574.49
Gross Profit Ratio 3.614.643.313.394.51
Net Profit Ratio1.201.591.480.841.24
Return On Capital Employed12.2710.537.087.349.18
Return On Net Worth3.523.472.681.562.94
Debt Coverage RatiosInterest Cover1.621.731.611.621.68
Management Efficiency RatiosInventory Turnover
Ratio5.445.005.194.566.85
Debtors Turnover Ratio1.632.382.112.233.35
Fixed Assets Turnover Ratio8.355.222.992.662.31
Net Assets Turnover Ratio1.991.751.431.411.86
Working Capital Turnover Ratio94.1063.1585.0199.5076.16
Equity related RatiosEarnings Per Share1.603.023.161.853.54
Book Value45.4087.10118.03118.65120.25
CONCLUSIONSLiquidity and Solvency RatiosCurrent RatioIts healthy
and also increasing if the last year trends are analyzed, also its
ideally good.
Quick RatioIts healthy and also increasing if the last year
trends are analyzed, also its ideally good.
Debt Equity RatioThis indicates that the ratio is almost
constant and if ideal condition is regarded, the ratio is good.
Profitability Ratios(%)Operating Profit RatioThe declining trend
in the ratio shows that the company is willing for higher margin of
profit on sales, and also attaining it also.
Profit Before Interest And Tax RatioThough its good as looking
towards the ideal values. The declining trend shows that the
BHUSHAN POWER & STEEL is now trying to grow at a much faster
rate compares to past.
Gross Profit Ratio The gross profit ratio shows that the BHUSHAN
POWER & STEEL is growing by the mode of increase in sales and
also cost cutting
Net Profit RatioThere is a positive increase in the Net profit
shown. Though the BHUSHAN POWER & STEEL can perform better as
in the past.
Return On Capital EmployedThe ratio indicates that the
promoters/shareholders are earning a good profit looking at the
past trends even at the time of recession
Return On Net WorthThe ratio indicates that the
promoters/shareholders are earning a good dividend looking at the
past trends even at this point of time.
Debt Coverage RatiosInterest CoverHere this indicates that the
BHUSHAN POWER & STEEL has procured a huge amount of loan though
looking at the past trends the ratio is steady.
Management Efficiency RatiosInventory Turnover RatioThe ratio
shows that there are fluctuations but looking at the value its good
and the BHUSHAN POWER & STEEL is steadily increasing.
Debtors Turnover RatioIts healthy and also increasing if the
last year trends are analyzed, also its ideally good.
Fixed Assets Turnover RatioThough there is a steep decline in
the ratio but the reason for this that the plants at different
locations were closed either for the upgrade purposes. But looking
at the trends for the past 4 years its almost steady.
Net Assets Turnover RatioHere we find that the BHUSHAN POWER
& STEEL has a steady ratio thats really satisfactory.
Working Capital Turnover RatioThis ratio shows that the BHUSHAN
POWER & STEEL is able to recover its funs at a much better rate
compared to the past years and its a better sign for the growth of
the BHUSHAN POWER & STEEL.
Equity related RatiosEarnings Per ShareThere is a positive trend
that shows a better image of the firm
Book ValueThe increase in the book value shows that the image of
the firm is increasing and also the goodwill.