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AN ORGANISATIONAL STUDY AT
MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LTD.,
A PROJECT REPORT
SUGANYA.G – 14U35027
PREETHA.D – 14U35020
SWETHA.S - 14U35029
in partial fulfillment for the award of the degree of
BACHELOR OF SCIENCE
INFORMATION SYSTEM MANAGEMENT
D.K.M COLLEGE FOR WOMEN
AFFILIATED TO THIRUVALLUVAR UNIVERSITY
I hereby declare that this project report titled “A STUDY ON FINANCE, HUMAN
RESOURCES, MARKETING, PRODUCTION, SYSTEMS AT MITSUBISHI HEAVY
INDUSTRIES INDIA PRECISION TOOLS LTD., RANIPET, VELLORE”. Submitted
to the department of management studies, for the partial fulfillment of the award of the
degree of Bsc.ISM, is a record of original and independent research work done by me during
may 2016. Under the supervision and guidance of prof. Mrs. H.SHAYRIN., MBA.,M.PHIL
D.K.M COLLEGE FOR WOMENS., VELLORE.,
Signature of candidate
Reg no: 14U35031
Reg no: 14U35027
Reg no: 14U35020
Reg no: 14U35029
First, I whole-heartly thank the lord. almighty for having me good opportunity for
completion of my project successfully.
I wish to express my sincere thanks to Dean prof. Mrs. H.SHAYRIN., MBA.,M.PHIL., for
allowing me to do the project work.
I extend my humble and sincere thanks to Principal Dr. Mrs. P.N.SUDHA., D.K.M
COLLEGE FOR WOMENS., VELLORE., For allowing me to do the project work in
partial fulfillment of the degree on Bachelor of science in information system management .
I wish to express my gratitude to Mr. V.S.JANARDHANAN (Hrd) of MITSUBISHI
HEAVY INDUSTRIES INDIA PRECISION TOOLS LTD., RANIPET, who permitted
me to pursue my project in the company.
Finally, I wish to thank my beloved parents, brothers, sisters, relatives and my friends who
have supported me every day to complete the project work
The project title is an organisational study at “MITSUBISHI HEAVY INDUSTRIES INDIA
PRECISION TOLLS LIMITED, RANIPET was started in the year of 1974, in Ranipet. It
was formerly known as SRP TOOLS LTD, since 1974 SRP TOOLS has the technical
collaboration with Mitsubishi heavy industries japan.
Mitsubishi heavy industries India precision tools ltd. Was the first in India to set ISO 9001
certification for gear cutting tools and broaches it is has got sufficient technical background
in order top achieves perfection and accuracy in terms of microns.
Mitsubishi heavy industries India precision tools ltd is well equipped with imported
machinery, high precision special purpose machines and sophisticated inspection equipment
has been imported from JAPAN, GERMANY, USA, ITALY, RUSSIA, ETC.,
CHAPTER TITLE PAGE NO.
3 PRODUCTION DEPARTMENT
4 MARKETING DEPARTMENT
5 FINANCE DEPARTMENT
6 SYSTEMS DEPARTMENT
Mitsubishi Heavy Industries India Precision Tools Limited is one of the World's leading
manufacturers of Gear Cutting Tools and Broaches in India with latest Technology. The
pioneer in India to introduce the latest “Drycut” technology in Gear Cutting Tool. Mitsubishi
Heavy Industries Machine Tool Co., Ltd. acquired S.R.P Tools Ltd., a 42 year old company
and the leader in manufacture of gear cutting tools and broaches in the country, in May 2005
and thus Mitsubishi Heavy Industries India Precision Tools Limited (MHI-IPT) was formed.
This Unit is now functioning as a subsidiary of Mitsubishi Heavy Industries Machine Tool
Mitsubishi Heavy Industries India Precision Tools was started in the year of 1974, in ranipet.
It was formerly known as SRP Tools Ltd., since 1974 SRP TOOLS has the technical
collaboration with Mitsubishi heavy industries japan., SRP is synonymous of precision and
Mitsubishi Heavy Industries India Precision Tools was the first in India to certificate ISO
9001 for gear cutting tools, broaches it is has got sufficient technical background in order top
achieves perfection and accuracy in terms of microns.
Mitsubishi Heavy Industries India Precision Tools Limited, is well equipped with imported
machinery, high precision special purpose machine and sophisticated inspection equipment
has been imported from Japan, Germany, USA, Italy, Russia etc., and are installed in
temperature control room.
In the recent year CNC (Computer Numerically Controlled) machines also imported from
Japan and installed the planet to their manufacture their high accuracy products.
Mitsubishi Heavy Industries Machine Tool Co., Ltd. acquired S.R.P. Tools Ltd., India a 42
year old company and also the leader in manufacturing of gear cutting tools and broaches in
the country, in May 2005 and thus Mitsubishi Heavy Industries India Precision Tools Ltd was
formed. This unit is now functioning as a subsidiary of Mitsubishi Heavy Industries Machine
Tool Co., Ltd.
S.R.P Tools Limited was started in the year of 1965. It started first factory at Chennai, India
for manufacturing conventional cutting tools. It signed an agreement with Mitsubishi Heavy
Industries Machine Tool Co., Ltd. for the technical collaboration to manufacture gear cutting
tools and broaches in the year of 1972.
S.R.P Tools Limited's second factory was started at Ranipet in the year of 1974 for
manufacturing Gear Hobs, Shaper cutters and Broaches. Later, it started manufacturing of
Gear Shaving Cutters, Rotary cutters for straight bevel gears and Master Gears.
MHI-IPT draws upon MHI Japan's strengths in the use of advanced materials technology and
its knowledge base as MHI Japan is the only manufacturer of gear cutting tools, who also
manufactures machines to produce these gear cutting tools, as well as the gear cutting
machines on which they are consumed, to produce gears for the automotive industry.
In 2012, MHI-IPT obtained ISO-14001 certificate.
MHI-IPT Ltd., is committed to design and manufacture products to comply with requirement
and continually improve the effectiveness of a quality management system for enhancing
To achieve this policy, the following objectives are set
To use latest technology to design, all manufacture of upgrade quality of products, on
a continued basis for meeting customers
To initiate sustable actions to improve the knowledge and skill of all its personnel
To ensure efficient system force and timely delivery of products
To periodically review the quality management system keeping in mind the concept
of continual improvement and customer satisfaction needs & expectations
State safety award by government of Tamil nadu in 1982
Operation million by hero Honda in 2001
Best supplier award in suppliers meet 2007
ISO 9001-2000 with respect to the following scope design manufacture and supply of
gear cutting tools, broaches and master gears.
Longest private sector
Leading manufacture of machine tools
World wild reputation
Annual turnover 60 crores
High standards of perfection quality product
Two shifts daily i.e 7:30 am to 4:00 pm and 4:00 pm to 12:30 am
Total 482 employees are working
It is decentralized
Uniform for all employees (blue colour shirt & trousers)
OBJECTIVES OF THE COMPANY:
To achieve excellence by exceeding customer expectations through well motivated
and component employees working in a culture of team work and continuous
improvement with professional integration.
To attract and retain right talents to develop the potentials in pursuits of
organisational goals through self development.
Both individual and teams will have clearly objectives. The manager will be
personally responsible for this
Communication and implementations of HR policy
The policy will cover all employees implementation of the policy will be done in a
phased manner and will be continuously fine turned to meet situational demands of
the dynamic market environment in which they operate
Implementation of the HR policy is a strategic issue in which everyone in the
company should participate.
The philosophy of MHI-IPT Ltd is producing cutting tools with high technology,
reliability and high quality. They are supplying high precision, high efficiency and
high quality products produced from stand point of as user and manufacturer years
This trademark itself tells about it philosophy. The three diamond Mitsubishi mark
embodies over 130 years of tradition, earning. The trust and confidence of people.
Maintain the value of that mark as a symbol of quality and rediability in products
and services Mitsubishi it is a combination or word MITSU and HISHI. MITSU
Mitsubishi heavy industries India precision tools ltd, is located in Ranipet, in Sipcot. It
has expansion for the company. Since it is located in the Sipcot it has all facilitate like
availability of raw materials, power, transportation, labour, hospitals, fire services etc.
1965: SRP tools limited started the factory at Chennai from manufacturing of conventional
1972: Signed agreement with Mitsubishi heavy industries, Japan.
1973: SRP terms visited Mitsubishi, Japan and learned the technology from them
1974: SRP started factory at Ranipet, from the production of Hob pinion cutters and Broaches
1979: SRP terms visited Mitsubishi, Japan for the second time and learned the technology for
Gear shaving cutter.
1990: Obtained ISO 9001-1987 certificated for gear cutting tools.
2005: Mitsubishi heavy industries, Japan accuquired and shared of SRP tools and company
Name changed into Mitsubishi heavy industries India precision limited (19th October
2005: In November factory expanded operate machinery in new building integrated at
2006: Machine tools room planned to open in 2007, new factory started in operational by
August 2007 which would make the production capacity double.
HUMAN RESOURCES MANAGEMENT
According to flippo, personal management says HRM is Planning, Organising,
Directing, Controlling, Maintaining to the end that Individual procurement development
compensation, Integration, Maintainance & separation of Human Resources to the end that
individual, organisational & social objective are accomplished.
HRM is a most happening function has know this is so because people after competitive
advantage to a form and managing people has domain of HRM. People offer skills
capability, system, practice, speed, languages behaviour.
The recruitment process in MITSUBISHI is basically done for few categories.
Trainees ( ITI and non ITI )
Industrial Training Institute.
Employees who all are working in this organisation on fulltime basis. They don’t
Hire employee on contractual basis.
In MITSUBISHI there are 420 employees working. They are operating in two shifts
and all the employees working. They are operating in two shifts and all the employees are
paid fairly based on their working scenario, the minimum wage has been fixed by central
In MITSUBISHI there are three kinds of employees working, they are:
Training for employees is continuous throughout his/her organizational life. Initially
training is provided to new employees to have a letter orientation for the skill knowledge
required to perform the job. Training have to be tailored according to the need of the person
therefore training is necessary to raise the skill level and increase the versatility, adoptability
and efficiency of the employees.
Development is related process it covers not only those activity which improves job
performance but also those which brings about growth, personality and capabilities.
Today every organization looks at employees satisfaction in the organization. So to
retain the better services have to be provided for them
MITSUBISHI provides the following benefits to its employees:
Two sets of uniforms are given to all permanent employees.
Medical reimbursement is done for all the employees and provides medical
Free breakfast is provided for employees.
No transport facilities provided for employees, instead conveyance allowance
is given to them.
Mitsubishi Heavy Industries conducted sensible company activities in compliance
with laws and in an appropriate manner and contribute to society by providing high
quality products and service.
The company will pursue fair and free inter corporate competition in compliance with
anti monopoly act and other relevant regulation.
The company implements appropriate accounting and tax accounting in accordance
with relative laws, accounting standards and internal regulations.
In relation to overseas business the company follows all laws related to eports and
RELATIONSHIP BETWEEN THE COMPANY AND THE SOCIETY:
The company will try to preserve the environment and try to live in harmony with the
society as a good co-operate citizen.
The company discloses all the information related to the management in appropriate
and timely manner.
The company firmly responds to anti social forces.
RELATIONSHIP BETWEEN THE COMPANY AND THE EMPLOYEES:
The company follows labour related laws and maintains a safe and healthy working
The company employees will not engage in discriminative behaviour or sexual
The company employees will handle company secrets appropriately and will not
disclose them without prior consent.
Company employees will not conduct any unfair transaction in stock
MHI-IPT has an impressive product line-up which are manufactured using
sophisticated and state of the art machines
During the cycle of manufacturing process, in each and every step optimum
tool design is achieved by exhaustive calculations and a through analysis of
various component profiles generated by CAD.
These products also go through an array of stringent quality checks resulting
in the perfection and precision. The customer requires.
To put it simple, we make sure that customer gets only the product he desires
MITSUBISHI Heavy Industries India Precision Tools Limited is the manufacture
of the gear cutting tools and broaches. This offer the following range of cutting tools.
Gear shaving cutter
Involute spline hob
Paralled spline hob
1. Module, DP and CP series hobs are supplied by MHI-IPT.
2. Various forms if Hobs such as non-topping, semi-topping, topping, finishing,
roughing, pre-shaving or pre-grinding, with or without protuberance tip relief full
fillet radius etc., are manufactured.
3. Multi Start hobs, Multi gash hobs and also supplied.
4. Designing & production of spline hobs bath involute and parallel sided sprocket hobs,
worm wheel hobs, serration hobs, timing belt pulley hobs and ratchet hobs are done at
MHI-IPT. They are either custom made or to suit international standards.
5. Both bore type and shank type hobs are made.
6. Hob material is generally M35 (6-5-2+5%10). On special request hobs made in
powder material (ASP 2030, ASP 2052) and TIN, TIAIN, TICN and alerona coated
hobs are supplied.
7. Normally, accuracy classes are per DIN 3968 standard AA&B. however hobs are
made to suit other accuracy standards also.
1. Module, DP and CP series shaper cutters are supplied by MHI-IPT.
2. Various forms of shaper cutters such as non-topping, semi-topping, finishing roughing
pre-shaving or pre-grinding, with or without protuberance etc., are manufactured.
3. Both Spur type and Helical type gear shaping cutters are made.
4. Designing & production of relief ground shaping cutters for invocute splines, worms
[cutters to be used in hobbing machine by kinematic inversion process] and relief
machined cutters for sprocket, parallel sided splines etc., are done at MHI-IPT.
5. The range of shaping cutters available at MHI-IPT include different varieties of disc
type, hub type and shank type. Tandem shaping cutters also supplied.
6. Shaper cutter material is generally M35 (6-5-2+5%10). On special request, shapers
made in powder material [ASP 2030, ASP 2052] and TIN coated shapers are
7. Normally, accuracy classes are as per DIN 1829 standard AA.A, however shaper
cutters are made to suit other accuracy standards also.
1. Broaches are made to suit component specifications, cutomers machine and holder
2. Different internal profiles are undertaken for manufacture of
Splines- involute, parallel and trapezoidal
3. Different types of broaches are supplied
Burnishing for round holes
Plain combination round and spline
Interspaced round and spline.
4. Pull end / rear end details
Sleeve type as per DIN 1415 or DIN 1417 standard and cotter type.
Any other type to suit the customers holder details
5. Equipped to manufacture and supply surface broaches for plain and curved profiles.
6. Broaches for machinery of connecting rods.
GEAR SHAVING CUTTER:
Conventional or diagonal.
Under – pass
Plunge – cut
1. Manufacturing of various types of shaving cutters such as Conventional, Diagonal,
Underpass and plunge – cut are undertaken.
2. Special profiles are incorporated on the cutter to generate tip relief, profile crowning
lead crowning, etc., on component.
3. The shaving machine at MHI-IPT tries out the shaving cutter manufactured here to
conform the profile accuracy. This is done at extra cost with necessary mandrels
component blanks etc., supplied by the customer.
4. Pre – shaved tools like hobs shaping cutter along with shaving cutters can be supplied
from a single source MHI-IPT, hence design parameters can be worked out to achieve
optimum results on the components.
5. Gear shaving cutters made out of special steel will be supplied for specific
6. Re – sharpening of our make cutters as well as imported cutters are carried out
customers have to furnish the re – sharpening chart along with imported cutters.
1. It is used on double flank roll-testing machine to confirm the Gear accuracy
2. To improve the life of Master Gears, we manufacture the same out of HSS material
and hardness is maintained above 63 HRc
3. We can manufacture Master Gears in Quality Class 4 & 5 of DIN 3962.
4. We can also manufacture Taper Bore and OBD Master Gears
Rotary cutter for straight bevel gears
Rack milling cutter (ground form)
ROTARY CUTTER FOR STRAIGHT BEVEL GERAS:
Cutters are supplied in pairs
At present, we supply cutters made out of High Speed Steels of Grade M2
(conventional) or ASP 2023 (powder material)
These cutters have 9" diameter, 4.5" bore and 0.5" thickness
RACK MILLING CUTTER (GROUND FORM):
This cutter is used to produce racks
We can supply either with straight gash or helical gash
We can supply cutters upto diameters 280mm & Overall length 300mm
Cutters are offered in various High Speed Steel of Grades like AISI
M35(conventional),ASP 2030 & ASP 2052(Powder materials)
These cutters are used to produce taper flanks in external splines or internal
Most of the synchromesh gear boxes require taper splines which are formed by
Extenal splines are produced by hobbing or shaping process. Then, these
swaging cutters are used on special purpose machines to obtain taper flanks
Internal splines are produced by broaching or shaping process. Then these
swaging cutters are used on a special purpose machines to get taper splines
These cutters are used to produce chamfers along involute profile of gears at end
Normally, it is used after gear cutting by hobbing or shaping process
Cutters are supplied in pairs and to suit gear profile.
These cutters are used on gear chamfering machines to deburr while chamfering
operation is carried out.
SUPPLIERS – RAW MATERIALS USED:
High speed steel
The production equipment includes world’s most well know name such as,
CAPL herth and others
The inspection is even more sophisticated with Kilngenters, Houser, Cailzeiss, Hofler,
Gouler Miceron, Miti toyo, Mahendra etc., MHI-IPT design is fully compulerized optimum
tools design is achieved by exhaustive calculation and a through analysis of the various
components profiles generated on a graph sheet manipulating the tools parameter
manufacturing and heat treatment are carried out by skilled operators. Employing highly
precise machinery leaving no room for discrepancy.
In MHI-IPT quality is prime consideration and no compromising are more regarding
standards of the tools.
Sales agent markets the Mitsubishi’s products the sales agent directs all the customers of
MHI-IPT Ltd. MHI-IPT Ltd exports his products too Australia, Taiwan and Singapore with
the help of sales agent of the customers of MHI-IPT Ltd are
Government organisation such as,
Vehicle factory Jabulpur
Most probably to all automobile auxiliary units.
The only competitor in their field who matches their level of is Dagger Forst
The company has the same capacity and modern equipment equal to the
Mitsubishi Heavy Industries India Precision tools limited.
SALES AND SERVICES SYSTEM:
Our products are marked by sales agent for domestic market by sales agent for
domestic market they and have offices at all important.
Mitsubishi Heavy Industries India Precision Tools Limited has its service
engineers at important in India to satisfy the requirement of customers.
Mitsubishi Heavy Industries India Precision Tools Limited conducts an
awareness regarding products usage and new development.
Mitsubishi Heavy Industries India Precision Tools Limited has service and
over facilities at following places.
ANNUAL PRODUCTION CAPACITY:
Mitsubishi has 170 machines used in production of all the products followings of all
the products followings are the annual production capacity of Mitsubishi.
Gear shaving cutter 4000
Master gears 2000
Shaping cutter 4900
It has 40% market share and also involves in direct exporting through air couriers, ship, based
on the customers.
Inventory depends on lead time of about 2 weeks.
The company keeps a stock of raw materials for 3 to 4 months.
The suppliers take 8 to 10 weeks for supplying raw material to the company.
The materials required for the production is based on the past experience.
SAFETY AND ENVIRONMENTAL POLICY:
Suitable engineered controls are provided to protect the environment to minimize
resources and energy conservation
Periodic review of existing safety systems and policies are carried out with the aim for
zero accident in this premises
By applying standard engineering and administrative controls
BENEFITS AND SERVICES PROVIDED TO EMPLOYEES:
Two sets of uniforms and shoes were provided to all the permanent employees
Monthly incentives and yearly increment were provided based on the performance
Rest room was provided to the employees for the purpose of entertainment
Loans provided for marriage , two wheelers and house
Provided breakfast and lunch for the employees
Employees who had faced any problem are counselled by the head of personnel
In MITSUBISHI, the finance department serves as the major key function among all
other functions. the major financial functions of MITSUBISHI are as follows:
1. Managerial finance function
2. Routine finance function
MANAGERIAL FINANCE FUNCTION:
Under this three are two major financial functions
1. Investment based
2. Financing (capital based)
ROUTINE FINANCE FUNCTION:
For the effective execution of managerial finance function,the routine or incidental
functions have to be performed. To take these decisions ,the procedures involve lot of paper
work and time.
FORMS OF ROUTINE FINANCE FUNCTIONS ARE:
Supervision of each and every receipts and payment
Custody and safe guarding of securities, insurance policies and other valuable papers
Record keeping and reporting.
FINANCE AND ACCOUNTS:
The internal controls are set to achieve the following main objectives
Optimum use of resources
Right advice at right time.
Prudent finance planning and forecasting
Working towards the goals or organization
The central accounting functions are,
General ledger and its subsidiary ledgers control
Reconciliation of stock accounts
Excise duty of all accounts
Review of all accounts
Valuation of inventory
Management information report such as, monthly current assets movements to monitor the
inventory levels and investment in other current assets monthly, operations result quarterly,
half yearly. Unaudited balance sheet provided to the management for their review and
The following books of accounts are maintained.
Sundry creditor ledger for goods
Sundry creditor ledger for expenses
Other liabilities ledger
Fixed assets register
Sundry debtor ledger
Sundry advance ledger
Staff loans and advance ledger
Field staff travel advances consisting
Sales tax deposit etc.,
Other income ledger
INTERNAL AUDIT FUNCTION:
The internal audit functions of the company are as follows.
Verification of vouchers
Verification of sales involves
Verification of purchases bills
Verification of credit note / debit note
Analysis of customers / suppliers ledger
Interest calculation on lash credit accounts
DOCUMENTATION IN THE DEPARTMENTS:
The following documents are maintained in the finance department such as
Goods received notes
Indent from the marketing department
There is a separate system department to coordinate. The main function of system
department is functioning from general manager office every day at 10:30 am. A report
containing sales accounts and production details are sent through mail to respective vice
president at Delhi corporate office. Other application modules includes sales order processing
SALES ACCOUNT MODULE:
The details of products supplied to stockiest or concerned department are maintained
in this module.
This module helps in maintaining vendor list and the products they supply and to
create an enquiry from and the list of materials ordered this is maintained by the person in the
The details about inventory in the stored are maintained using this module
consumption details, materials are maintained for inventory control.
Accounting department maintained this payroll preparation on behalf of personnel
automated through this module
Daily receipts and payments are fed in to the computer through this package this data
will be used for arriving at fund / cash flow and working capital position this module will be
used for preparing actual budget, cost statement, trial balance, profit and loss account and
balance sheet are used for closing the yearly accounts for the financial year.
Thus I conclude that a study on all the department in MITSUBISHI HEAVY
INDUSTRIES INDIA Precision Tools Limited, was effectively completed by me and above
is a report on this study.