industrial visit of lip fastner pvt ltd, aurangabad_2

8/2/2019 Industrial Visit of Lip Fastner Pvt Ltd, Aurangabad_2

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LIP FASTNERS PVT. LTD.

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


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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 : Mr. D. L. Rajale

Plant layout : Product layout(integration of 3

Product layout)

Products of company : Mat, Machineries(as per

Requirement), spare parts
http://www.lipautomat.com/http://www.lipautomat.com/http://www.lipautomat.com/http://www.lipautomat.com/


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(2wheeler and 4 wheeler)

Products :


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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 aredeveloped by them which are required for plant.


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2. It also is having an industrial advantage of manufacturing and supplyingmachineries 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


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Design manager Mr.Chavan

Personnel manager Mr. Faraz

Purchase manager Mr. Jadhav

1. Finance :

Turnover details (as per manufacturing dept.)

Department Name Turnover

Mat manufacturing Dept. 90 lakhs

Precision Dept. 1.5 crore

Fabrication Dept. 70 Lakhs

Capital Investment : appox. 1-1.5 crore

Funds details


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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.,


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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.)


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4. Plant study:

Manufacturing process-

A. 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) :- Price (Rs.)4*6 60

3*6 45

6*6 90

6*9 130

B. Spare part manufacuting:


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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 generation2. Compliance of governments factories act.


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3. Satisfaction of customers complaints.


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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)

industrial visit of lip fastner pvt ltd, aurangabad_2

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