ANUBHAV bHATIA

8/8/2019 ANUBHAV bHATIA

1/19

project REPORT

OnManagement of working

capitalAt

FEDERAL MOGUL BEARINGS INDIA LIMITED

PARWANOO HIMACHAL PRADESH

By

ANUBHAV BHATIAUnder the guidance of

Mr. Balwinder Singh Mr.Sanjeev Nanda(Assistant Manager HR) (Manager - HR)

SHOOLINI INSTITUTE OF LIFE SCIENCES & BUSINESSMANAGEMENT
http://www.federal-mogul.com/en/


2/19

ACKNOWLEDGEMENT

Project is an important part of learning experience in order to have practicalknowledge of what we read in books. Project helps in breaking the gap

between the practical and theoretical knowledge. It is the supervisor or thetrainer who can help to make the most out of this golden opportunity ofgetting the practical knowledge.

I would like to put forth my regardful thanks to all those who had helped mein guiding me to get the most out of this golden opportunity to learn the mostduring such a period of my project at Federal Mogul bearings India limited,Parwanoo, H.P.

I also pay my special thanks to Mr. Sanjeev Nanda (Manager - HR), MR.Balwinder Singh (Assistant manager-HR) and Mr. G.P. Kala ( HumanResource Deptt.). I would like to appreciate that they gave me experience ofevery cell of the company so that I get maximum.

Ahead I put my special regards to the management, workers who have always

been so supporting, loving and ready to help. I have been in close touch withthem from the beginning of my Project at Federal Mogul Bearings (India)Limited, Parwanoo. And, I appreciate the relationship they all have developedwith me.

THANKS

Anubhav Bhatia


3/19


4/19

INDEX

S.NO. CONTENTS

1. Introduction

1.1 Vision

1.2 Mission

1.3 Quality Policy

1.4 Environment Policy

1.5 Health & Safety Policy

1.6 About the Over takerCompany

1.7 Organization Hierarchy

2. About the Product


5/19

FMBIL-PARWANOO

COMPANY PROFILE

FMBIL is a leading automobile component manufacturer in India. Of

the 600 plus manufacturers in the country, it has been the most dynamic in

adapting to the changing environment. It is in depth knowledge of the auto

component industry and high management competence has helped it to

remain a market leader in terms of manufacturing efficiency as well asquality control. It is guided by the well set vision backed by its philosophy

and beliefs, the vision being to be No. 1 auto component manufacturing

group in India by the year 2003 with a sales turnover of $500 million (app.

Rs. 2000 Crores) with export accounting for 30% of total sales.

FMBIL is a well-knit effort of 2500 people with over 300

professionals. It spends 2% of its sales proceeds on training and development

annually.

The group holds a majority stake in the original equipment market(unto 60%) proving its leadership in terms of quality and technology. It has

been a supplier to the leading car manufacturers like Mercedes Benz, BMW,

Ford, Daewoo, Peugeot, Rovers, Tata, Ashok Leyland etc. The group is an

original equipment supplier to all Indian automobile manufacturers. The

group spends 2% of sales on R&D annually. Exports are to automobile

manufacturers in Germany, US, UK, Japan, Indonesia etc.

The group is a constant participant in trade fairs around the world. It also

participated in Automechanika96 held in Frankfurt in Sept96.In order to

maintain its supremacy in technology, the company has tie-ups with world in

various products. In the words of Mr. JOSE MARIAALAPOINT, Chairman,

Federal Mogul Bearings India Ltd, The various collaborations will help us


6/19

upgrade our technology. To improve the acceptance of our product, we insist

that each group company should export to original equipment markets

abroad. Some of the companies have already reached their targets.


7/19

1. INTRODUCTIONIn 1979, FEDERAL MOGUL BEARINGS INDIA LIMITED formerly

GABRIEL and ANAND ENGINE COMPONENTS diversified into the

manufacture of thin wall engine bearings. The engine bearing division was

set up in collaboration with Federal Mogul Corporation, USA, and world

leaders in the thin-wall bimetal engine Parwanoo in the state of Himachal

Pradesh. From the inspection, this division has become place setter in its

fields as the only one in India to manufacture the complete range of Bimetal

Bearing, Bushes and thrust washers from the raw material stage. It has an in-

house fully equipped chemical and metallurgical laboratory to ensure that

only the best quality product will leave the plant. Its other testing facilities

include a gauge room with high precision metrological equipments such as

Talyrond and Surfandyer and also an engine testing dynamometer for

evaluation of bearing performance under actual conditions of fitment and

operation. A new semi automatic manufacturing facility has been added for

aluminum, tin and lead bearings. Gabriel produces Bimetal engine bearings,

thrust washers and bushes with an annual capacity of over 12 million

numbers.

Over Rs.10 million have been invested in sophisticated R&D facilities for

new product development, process improvement and indigenous equipment

design. Federal Moguls most modern R&D center is available on an ongoing

basis for testing of new materials, products & processes. Gabriel Indias

coordinated development efforts ensure that the changing requirements forthe new generation applications for Automotive, Industrial, Agriculture and

Railway segments are met through continual product developmental and up

gradation.


8/19

The Anand Engine Components Parwanoo H.P. has been acquired by Federal

Mogul Corporation (USA). The name and all the policies of company have

been changed. The name is changed to Federal Mogul Bearings India

Limited.

That only the quality product will leave the plant. A new semi automatic

manufacturing facility has been added for aluminum, tin and lead bearings.

Federal mogul bearing India ltd. Produces bimetals engines bearings, thrust

washers and bushes with an annual capacity of over 12 million numbers

Over Rs 10 million have been invested in sophisticated R & D facilities for

new product development, process improvement and indigenous equipmentdesign.

Federal mogul most modern R & D center is available on an ongoingbasis for testing of new materials, product and processes. Federal mogulbearing India ltd. Indias coordinated development efforts ensured that thechanging requirements for the new generations applications forautomotive, industrial, agriculture and railway segments are met throughcontinual product development and up gradation.


9/19

1.1 VISION:

Be the leading supplier of filter solution in India and a global

supplier of automotive filters for both OE and Auto market

applications.

1.2 MISSION:

CUSTOMER DELIGHTS By providing superior products on time

every time.

SHARE HOLDER DELIGHT By providing better than market

returns on investments.

EMPLOYDELIGHT By providing opportunity to learn contribute

and enjoy working in PIL.

1.3 QUALITY POLICY:

Committed to service and achieve customer delight by

meeting or exceeding their expectation through effective

quality management and continual improvements in: -quality,

cost, delivery, growth, and productivity.

1.4 ENVIRONMENT POLICY:

FEDERAL MOGUL BEARING INDIA LTD. is committed to

prevent the generation of waste. We believe al forms of wastes

are detrimental to the environment. We all combine with allregulation on environment & ensure that the usages of our

products have the least known impact on the environment.

1.5 HEALTH & SAFETY POLICY:


10/19

Federal mogul bearings India Ltd. is committed to achieve and

maintains world-class health & safety standards for all its

employees. It shall be deployed through the first key of

FEDERAL MOGUL CORPORATION i.e. Health & Safety.

We all develop improve and sustain processes that will

systematically eliminate health & safety hazards.

ORGANISATION HIERARCHY

The hierarchy of the organization is made up of two grades-

MANAGEMENT GRADES: -

MG 13 SENIOR PRESIDENT

MG 12 PRESIDENT

MG 11 VICE PRESIDENT

MG 10 DIRECTOR (TECH.)

MG 09 GENERAL MANAGER

MG 08 DEPUTY GENERAL MANAGER

MG 07 SENIOR MANAGER

MG 06 MANAGER

MG 05 ASSISTANT MANAGER

MG 04 SENIOR OFFICER/ ENGINEER

MG 03 OFFICER/ ENGINEER

MG 02 ASSISTANT OFFICER/

ENGINEERMG 01 OTHERS


11/19

Note : Promotions from one Grade to higher Grade are on

Performance Appraisal Based & conduct of an Group

interview of consisting Manager higher than MG 7.

THE PRODUCT

The main products of the Federal- mogul bearing India

limited are:-

1.Plain sleeve Bearing

2.Flange Bearing

3.Washers4.Bushes


12/19

WORKING OF THE PRODUCT

In Internal Combustion Engine power is

developed by burning fuel (gasoline & diesel most commonly)

and air in hollow cylinders inside the cylinder block. The

block is the foundation of the engine, and all other parts are

placed inside it or are attached to it. The major parts are

cylinder, piston, connecting rod and crankshaft.The moving


13/19

engine parts are in constant contact with some other part due

to which they wear out because of friction.

2.1 ENGINE BEARINGS:

Bearings are devices used to transmit loads between relatively

moving surfaces. Bearings are used in all types of machinery,

engines and mechanisms for supporting and controlling the

motion of the rotating, sliding or reciprocating parts. Shafts,

spindles or axles usually support the rotating parts. Bearings

are designed to serve the purpose with minimum friction,

power loss, and generation of heat and are aided in their

requirement by suitable lubricants. Bearings are used in

Main BearingMain Bearing

FlangeFlange

BearingBearing

TransmissionTransmission

BushBush

ConnectingConnecting

Rod BearingRod Bearing


14/19

Automotive, Industrial, Agricultural, Earth Moving, Marine

and Stationary Engines among others. Bearings that support

the rotating shaft in a fixed position against loads acting

perpendicular to the axis of shaft only are called Radial

Bearings. Those that support against loads parallel to the axis

of the shaft are called Thrust Bearings, while those, which

resist both radial and thrust loads, are called Angular or

Radial-Thrust Bearings.

Bearings are of two types:

(A)Anti-Friction Bearings.

(B) Sleeve Bearings.

2.1 (A) ANTI-FRICTION BEARINGS:

These Bearings utilize Rolling Balls or Rollers to provide a

Rolling Contact between the surfaces. In an automobile, anti-

friction Bearings are found in


15/19

The Suspension, Transmission and other parts of the Drive

Train.

Figure 3: An anti-friction roller and ball bearing.

2.1 (B) SLEEVE BEARINGS:

The Sleeve Bearings are so called because they are

shaped like a Sleeve and are firmly held in place around a

rotating Shaft, which results in a Sliding Contact. Sleeve

Bearings are found inside the Engine.

Figure: Friction or sleeve bearing.


16/19

WORKINGCAPITAL

MANAGEMEN

T


17/19

INTRODUCTION

Working capital management is significant in financialmanagement due to the fact that it play an importantrole in keeping the wheels of a business enterpriserunning. It is concerned with short term financialdecision lack of effective and efficient utilization of

working capital leads to earn low rate of return oncapital.

Working capital means meeting day to day

requirements. The requirements of working capital

changes from time to time and firm depending upon

nature of business market condition, production policy

etc. Working capital to a company is like the blood to

human body. So working capital management if

carried out effectively, efficiently will assure the

health of an organization.


18/19

REVIEW OF LITERATURE

Working capital typically means the firms holdings ofcurrent, or short term assets such as cash, receivables,inventory and marketable securities. Much academic literatureis directed towards gross working capital, i.e. total current orcirculating assets. These items are referred to as circulatingassets because of their cyclical nature. The goal of workingcapital management is to manage the firms current assets andcurrent liabilities in such a way that a satisfactory level ofworking capital is maintained.

In the words of Shubin, Working capital is the amount offunds necessary to cover the cost of operating the enterprise.

According to Genestenberg, Circulating capital meanscurrent assets of the company that are changed in the ordinarycourse of business from one to another, as for example, from


19/19

cash to inventories, inventories to receivables, receivables intocash.

Economists like Mead, Malott, Baker and Field says that it isfound that the excess of current assets over current liabilitiesis the amount that is normally available to finance currentoperations. They feel that current assets should be consideredas working capital, as the whole of it helps to earn profits; andthe management is more concerned with the total currentassets as they constitute the total funds available foroperational purposes. On other hand, economists like Lincolnand Saliers uphold the former view. They argue that:

(A) Balance Sheet Concept

Gross working capital (capital invested in total current

assets of an enterprise)

Net working capital

Net working capital = Current Assets Current Liabilities

ANUBHAV bHATIA

Documents

ANUBHAV bHATIA