Raghav's Blog
Personal Events
10 Jul 2014
The Tea Factory - Ooty
Location: Chennai, India
Ooty, Tamil Nadu, India
7 Feb 2014
Sivagangai Trip
Location: Chennai, India
Sivaganga, Tamil Nadu, India
9 Jan 2013
Debate on FDI in Retail
Today, Meenakshi Sundararajan School of Management conducted a debate on
"Foreign Direct Investment in retail" commencing the debate with a
prayer and a floral tribute to the founder of the institution. Followed by
Dr.H.Sankaran, Principal and Shri V.S.Vikram Director gave a wonderful welcome
address and felicitations to students, chief guest and speakers.
The Introduction of chief guest & speakers were given by Prof.
Saiju.M.John HOD.
Chief Guest of the Debate:
Participants of the Debate:
Against
FDI:
- Mr.L.Annamalai (MICA), Founder/Ideator of OHO Productions, Chennai
- Mr.S.Sambamoorthy, Founder of Howzatt & Founder/Ideator of OHO Productions, Chennai
For
FDI:
- Mr. Manu Srinivas (MICA), Founder of Kappi Cheenu, Chennai
- Mr. Manoj Ramanan (IIM-C)
The purpose of the Debate was to make the students understand
- The aspects of FDI
- FDI from a Socio-economic
perspective
- FDI in retail's postitive
and negative impact on the economy
Against FDI:
Mr.L.Annamalai & Mr.S.Sambamoorthy spoke about
Globalization and Foreign Influx, Market Imperialism, Business point of view of Kirana shops in India, Indian entrepreneurs (Annachies), Middle men problem in retail industry, Governments Intervention to have price and margin control, Indians attraction towards western culture, State government’s acceptance towards FDI, Kirana shop's hospitality, flexibility, personal relationship with the
customers, Convenience seekers in India,
Margin fixation by retailers, Sustainability of FDI in longer run, Negative impact of FDI on Indian products, Short and long term vision of Indian government, Profits taken out of India by Foreign players and SEZ's contract with government.
For FDI:
Mr. Manoj Ramanan & Mr. Manu Srinivas spoke about
Indian market players, Quality of food related products in Kirana shops, Price hike on Food related products, Liberalization, Quality of superior products, Foreign retailer's world class processes, 30% local rule on foreign retailers, FDI's pull towards the world class standards, US(60 - 70%) and Indian (20%) farmers margin on MRP, Wastages on perishable goods because of lack of cool storage for
the farmers, Benefits of the Indian farmers, Increase in competition, Globalization of Indian brands, Shift from Emotional aspects to rational aspects, Benefits of Foreign retailer’s competition and Manufacturing companies collaboration with foreign companies.
Finally,
the adjudicator Prof.S.Badrinathan concluded the debate and gave invaluable advice to the management students by sharing his professional experience.
Location: Chennai, India
Chennai, Tamil Nadu, India
9 Oct 2012
Short term investment strategy for Stock Mind game
It seems that everyone who are about to participate in “Stock
Mind” game have some sort of questions in their mind, but at my point of view I
found a similar question among every one which is how to go about it? If you too have the same question prevailing in
your mind then continue reading. This blog post will give you some suggestion
as how to plan and execute an effective short term investment strategy for our
ten day stock mind game.
Which approach am I supposed to use? - Fun or Tek
Which approach am I supposed to use? - Fun or Tek
Firstly, let’s decide which analysis better suits the game.
I know that everyone have read well and more about fundamental and technical
analysis which helps one to analyze a security and make investment decision
from our academics. I think its time to apply those methods in this game to
make some winning decisions. Fundamental analysis involves analysing the
characteristics of a company to estimate its intrinsic value whereas technical
analysis is all about studies of supply and demand in the market to determine
what direction/trend will continue in the future. Contrary to the fundamental
analysis, technical analysis doesn’t even care about the value of the company. Both
are very broad topics so you’ll need to dig deeper into the concepts to
understand it. Lets get into the details of how these two approaches differ
to find which suits us.
In Fundamental analysis it tries to determine the intrinsic
value of company by looking at its balance sheets, cash flow statements and
income statements. Its fairly very easy to take decisions in this approach. If you
ascertain and invest in a company’s stock which trades below its intrinsic
value then it a good investment. However, it takes a long time for a company’s
intrinsic value to get reflected in the market so till then no gain will be
realised. They call this as value investing and assume that the short-term market
is wrong and believe it’ll correct itself in long run.
Some critics say that Technical analysis as a form of black
magic. Don’t get surprised but recently it has got some credibility like
fundamental analysis. Technical analysis argues that the past trading
information is already reflected in the price of the stock and, it is useless
to value an undervalued stock/security. Here in technical analysis it tries to
determine the trend instead of the intrinsic value by looking at the historical
charts, indicators and oscillators. It believes that prices of a stock moves in
trend and history tend to repeat itself. For a short term investment decision
this analysis suits best.
I would suggest everyone to concentrate more on Technical analysis rather than Fundamental analysis to grow your portfolio's value within ten days. Tomorrow I’ll give more information about the strategies while investing and how am I going to use technical analysis to take investment decisions. Guys if you are so curious go back and take out your Security analysis and portfolio management books to have a glance on technical analysis. See you guys tomorrow.
2 Oct 2012
An industrial visit to Indian Piston Rings
- We visited India Piston Rings Ltd on 1st October 2012 at 12:00 P.M to 4:00 P.M at Maraimalai nagar plant, Chennai.
- Prof.Ranganathan, Ms.Renuka & Ms.Jaisuchi tailor led students on the visit.
- On behalf of Company Mr.Rajamanikam (HRD General Manager) welcomed and also gave invaluable information regarding India Piston Ring Ltd. He also accompanied and explained us the various process in the plant.
Company
Fact Sheet
Company Information : India Piston Rings is promoted by India Piston limited a memeber of the amulgamation group. It is one of the largest producers of Pistons, Piston rings, Gudgeon rings, Cylinder liners and allied components in India. Formed by Mr.S.Anantharamakrishnan in July 1949. In 2010-11 its revenue was $350 million.
Year of
Establishment : 1991
Nature
of Business : Manufacturer
Total
Number of Employees : 600 Employees
Conform
Employees (Operators) : 150
Trainee/Apprentice : 150
Management Staff : 110
Contract Employees : 125
Supervisors/B.E : 80
(75%
of employees are ITI holders & 25% are +2 & 10)
Major Markets : Indian –
OEM (Original Equipment Manufacturers)
Primary Competitive Advantage
: Technical
collaboration with Nippon Piston Rings, Japan
: Surface
Coating Technology
: Latest
Surface Coating Technology
: Experienced
R&D department
: Good
TQM implementation
Plant and Machinery:
At India piston rings, they have latest state of the art manufacturing
plants and machineries having a capacity of 10 lakh piston rings per month. India
piston ring produces piston rings, both compression and oil control rings for a
variety of gasoline and diesel engines. They offer Pistons made out of a
variety of high quality cast iron and steel materials. Their raw materials are
being imported from Japan and the materials ranges from grey cast iron; (heat treated)
alloyed grey cast iron to sperodial graphite cast iron. Their product Piston
rings which includes high alloyed steel having 17% carbon content. In India
piston rings they have process which include surface treatments or coatings
like Granoliting, Chrome plating, Chrome Molly, Molybdenum, Moly Chrome Ceramic
and Flame sprayed coatings. Their Piston rings fits for Pistons with bore
diameters ranging from 35 to 160mm.
Products of the Company:
- Piston Rings for four wheeler & Gears
Quality Assurance:
They are quality oriented organisation which is ISO 9001:2008
for management system and ISO/TS 16949 an ISO for technical specification aiming
to the development of a quality management system that provides for continual
improvement, emphasizing defect prevention and the reduction of variation and
waste in the supply chain. The company believes in providing the clients with
the premium quality products as per their specifications and requirements. In my
observation I found that their quality control is rigid and they implement TQM
(Total Quality Management) system so that the finished products are at par with
the international quality standards.
Manufacturing Units:
They have the manufacturing process in the latest technology
from Japan is installed. This ensures the quality and fast production of Piston
rings. Manufacturing is done as per the specifications and the requirements of
their clients. Major of their selling is to the OEM (Original Equipment
Manufacturer) in India and they do export a very little amount of their
products to Bangladesh, Nepal and Sri Lanka. They have divided their
manufacturing units into 24 zones for better maintenance.
Ware-housing and packaging:
They have a well spacious warehousing unit for the safe
storage of products. Quality is assured at every stage.
Current and Future Expansions:
In our conversation with Mr. Rajamanikam, he briefed us about
the future plans. In 2004 they expanded themselves into gear manufacturing from
Piston Rings. Also, by very next year they are planning to enter into the 2
Wheeler piston ring market. The entire organisation strive to achieve 5 star
because an external audit which is conducted every year by Hyundai rate in 5
star. If they achieve they bag the project to supply piston rings to Hyundai
all over the world.
Clients:
They have a huge customer base in India.
1.
Ashok
Leyland
2.
Tata
3.
Mahindra
4.
Eicher
5.
Escorts
6.
Hindustan
Motors
7.
Ford
8.
Maruti
Suzuki
9.
Royal
Enfield
1. Hyundai
Competitors:
In our conversation with Mr.Rajamanikam, India Piston Rings
currently have a 50% market share and their major competitor is Sriram pistons
& rings ltd.
Some Good Practices found in India Piston Rings:
- Hands on system – Each machine has a Beacon attached. Where three lighting are there which has specific meaning.
o
Green
Light – Machine is functioning
o
Red
Light - Some Problem in the Machine
o
Amber
- Machine is in need of materials
- OPC (Operation Control Process) – To recycle the scraps. Currently, they sell their paper scraps and 1.2% industrial scraps to the vendors.
- 2 suggestions for improvement in process is mandatory for each employee per month.
- Small Group activities scheme is introduced and managed.
Achievements:
- 100PPM certificate from Hyundai
- Gold and Platinum award for quality excellence
- Frust and Sullivan IMEA super gold award for manufacturing
- ACMA silver trophy for excellence
- HV Axles ltd – best new mod. Company
Corporate Social Responsibility:
- Rain water harvesting – Maintained in their own premises
- Commitment to Society – Park maintenance at Maraimalai nagar
- Recently donated 3 lakh worth X-ray unit to hospital
- Annually they spend 4 lakh for Single teacher program – 10 schools are being maintained by the management and 4 schools by the employees contribution.
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