MIRA
INFORM REPORT
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Report Date : |
24.05.2007 |
IDENTIFICATION DETAILS
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Name : |
UDAY BRIGHT BARS PRIVATE LIMITED |
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Registered Office : |
3/704, Navjivan Co-Op Society, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
22.08.2003 |
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Com. Reg. No.: |
141838 |
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CIN No.: [Company
Identification No.] |
U27104MH2003PTC141838 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU04502B |
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PAN No.: [Permanent
Account No.] |
AAACU6309B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Finished Bar products Stainless Steel, Carbon Steel,
Alloy Steel, Mild Steel |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
- |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is relatively small company. Companies financial are missing with
the government departments. Directors are reported as experienced and
respectable businessmen. Trade relations are fair. Payments are reported as
usually correct and as per commitments. The company can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
3/704, Navjivan Co-Op Society, |
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Tel. No.: |
91-22-23012401/23098173 |
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Fax No.: |
91-22-23012243 |
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E-Mail : |
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Wilton Precision Steel Company. 320, |
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Tel. No.: |
563-732-3363 |
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Fax No.: |
563-732-3365 |
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Website: |
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DIRECTORS
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Name : |
Mr. Mahendra Vrijlal Shah |
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Designation : |
Director |
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Name : |
Mrs. Daxa Mahendra Shah |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Mahendra V. Shah |
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500 |
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Mrs. Daxa Mahendra Shah |
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500 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Finished Bar products in Stainless Steel, Carbon
Steel, Alloy Steel, Mild Steel |
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Products: |
Stainless Steel, Carbon Steel, Alloy Steel, Mild Steel |
GENERAL INFORMATION
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Bankers : |
State Bank of Backay Reclamation
Branch, Raheja Chamber, Nariman point, Mumbai - 400021 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
D. J. Shah and Company Chartered Accountants |
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Address : |
92/94, Ardeshir Dady SE, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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125000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs.10/- each |
Rs.0.100
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
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Name of the company |
UDAY BRIGHT BARS
PRIVATE LIMITED |
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Presented By |
State Bank of |
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1) Date and description of instrument creating the change |
18.07.2005 General Agreement
for the Srant of Medius Term advances t small scale industrial and
hypothecation of movable book debts and othe rAssets |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.3.500 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All present and
future goods, book debts and movable and other assets including documents of
title to goods and other assets such as outstanding moneys, receivable,
claims, bills, invoice, documents, contract, engaments, securities,
investments and rights and present and all future machinery belonging t or in
possession of or under the control of the
company wherever lying stored and kept and whether in possession of
the company or of the bank or of any third party, whether in India or else
where through out the world (including all such goods M/cs, movable and other
assets as may be in course of shipment transit or delivery) |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest: 2.5%
over SBIAR min. 12.75%p.a. Repayment: first
59 installments of Rs.0.058 millions each and last 60th
installments fall due of Rs. 0.078 millions each. First monthly installments
fall due in April,2005 |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of Backay
Reclamation Branch, Raheja Chamber, Nariman point, Mumbai - 400021 |
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Corporate identity
number (CIN) Foreign company registration number |
U27104MH2003PTC141838 |
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Name of the
Company |
UDAY BRIGHT BARS
PRIVATE LIMITED |
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Address |
3/704, Navjivan Co-Op Society, |
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This form is for |
Modification of
Charge |
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Type of Charge |
Immovable
property |
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Particulars of
the charge holder |
State Bank of Backay
Reclamation Branch, Raheja Chamber, Nariman point, Mumbai – 400021 |
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Amount secured by
the charge |
Rs.60.800
millions |
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Brief of the
principal terms and conditions |
Rate of Interest
– as determined by Bank from time to time Terms of
Repayment: on demand Margin – as prescribed
by the Bank form time to time Extent and
operation of the charge – First charge |
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Brif description
of the instrument modifying the charge under section |
Plot No. 20,
bearing Survey No.229 Hissa No.1, Taluka Vasai, Dist. Thane |
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Date of Instrument
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07.11.2006 |
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Particular of the
present modification |
Equitable
mortgage on immovable assets of the company extended to cover the enhanced
credit limits of Rs.60.800 millions |
Company Details
Subject was formed in 1961 under UDAY ENGINEERING WORKS to satisfy customer
requirements for cold finished bright bars products. This business has
developed well and is expanding successfully.
Additional capabilities have been added to the organization to include
technical assistance and support, installation, maintenance of products and
systems, and design of systems.
The company is now engaged in including processing, engineering, stocking and
distribution, installation, commissioning and maintenance of equipment and
related products.
This Quality System relates to the full range of company activities.
MANAGEMENT COMMITMENT and CUSTOMER FOCUS
To demonstrate commitment of top management towards development and
implementation of Quality
Management System and to ensure proper customer focus.
Importance of meeting customer requirements is & applicable statutory
/regulation/requirements are
communicated to concerned employees by
- Proper training.
- Communication to all levels of employees
Managing Director has approved Quality Policy. Quality Objectives are
established and achievement of objectives is reviewed periodically. Once in 6
months top management conducts management review.
Review of resource requirement is done in management review. Top management
reviews availability of proper business, manufacturing infrastructure, manpower
and operational capability to meet Quality Management System requirements.
Customer Focus
1. Top management ensures that the processes of Quality Management System for
satisfying customer requirements are managed with aim of increasing customer
satisfaction. Monitoring individual processes for process effectiveness does
this.
2. Customer satisfaction enhancement is the main aim of this ISO 9001 Quality
Management System Process approach is adopted to have sharper focus on customer
requirements, in order to satisfy customers.
3. Customer complaints and manufacturing process / receiving material
non-conformities are attended promptly.
4. Customer requirements are reviewed closely and they are fulfilled as
applicable.
QUALITY POLICY
1. They At Uday Bright Bars Pvt. Ltd.(Ubbpl) Are Committed To Enhance Customer
Satisfaction Through Timely Delivery Of Bright Bars In Various Grades In S.S
& Mild Steel , Which Consistently Meet Or Exceed Customer Expectations.
This They Shall Achieve By:
A. Establishing, Documenting & Implementing Iso 9001 - 2000
Qms
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B. Continual Improvement In Processes, Systems And Product
Quality.
C. The Involvement Of Employees In Continual Improvements.
D. Complying With Applicable Statutory, Regulatory And Customer
Requirements.
Vasai, 2nd April 2005
Mr. Mahendra Shah
Managing Director
2. Quality Policy is approved by Managing Director
3. Quality policy is communicated to all employees in the organization by :
-- Distributing quality policy. Display in office, works area.
-- Explaining the meaning of quality policy to each level of employees and
their role in quality policy
implementation.
4. It shall be ensured that meaning and purpose of quality policy is understood
by all employees whose work affect quality.
5. Quality policy is reviewed for continuing suitability and effective
implementation in management review meeting.
QUALITY OBEJTIVES & QMS PLANNING
1. Quality & Productivity objectives are defined mainly for each important
process of UBBPL so as to ensure effective implementation of these processes.
These objectives shall be consistent with quality policy. They are mentioned in
Quality Objective monitoring chart - FMG01
2. Targets for Objectives are decided by C.O.O. along with concerned Incharge
Quantification of objectives is recorded in Quality Objective Monitoring Chart.
These objectives are reviewed for achievements & relevance in Management review
meeting.
3. Quality &/or Productivity objectives are set to improve or maintain
certain level of Quality &/or Productivity.
4. Quality &/or Productivity objective related to any process is subject to
change as & when felt necessary by Dept. Incharge. & C.O.O.
5. M. R. keeps the of achievement of quality & productivity objectives
every 6 months. M. R. does the necessary follow up & co-ordination.
6. Necessary controls over the processes & monitoring method are defined in
relevant sections of Quality Manual & Procedures.
7. Whenever any change to Quality Management System is planned &
implemented, integrity of Quality Management System shall be maintained i.e.
changes are properly implemented which shall not affect, customer requirements
adversely.
RESPONSIBILITIES, AUTHORITY and COMMUNICATION
Responsibility and Authority
A. Organization Structure shows functional units / Individuals in
the organization and their inter-relations.
Management Representative
Mr. Praveen Kamath is appointed as Management Representative. Management
Representative’s responsibilities include
A. Ensuring that processes needed for Q M S are established,
documented, implemented, and maintained.
B. Ensuring promotion of awareness of customer requirements within
the organization e.g. timely delivery, quality, and reduction in customer
complaints.
C. Communication with external parties on QMS related issues.
D. Reporting to C.O.O /M.D regarding QMS Performance.
Internal Communication
1. Proper communication within organisation ensures healthy inter personal
relations and avoids misunderstanding.
Specific customer requirements, data / graphs indicating effectiveness of
Quality Management System are communicated in the organization through notice
boards etc.
UBBPL ensures communication from top management to employees and employees to
top management to improve QMS performance.
This Internal communication gives employees a sense of involvement.
2. Necessary documents such as customer order / production plan, specifications
/ drawings, Indian / international standards are made available to concerned
users.
MANAGEMENT REVIEW
Management Review Committee is formed & meeting shall be conducted once
every 6 months.
MRC meeting agenda shall be as follows ( Input to Management Review Meeting )
1. Follow-up actions from previous MRC meetings.
2. Suitability adequacy and effectiveness of quality management
system, quality policy and quality objectives.
3. Customer feedback / customer complaints and action taken.
4. Supplier performance evaluation / re - evaluation.
5. Internal audit result.
6. External audit results.
7. Status of corrective & Preventive actions.
8. Process performance for QMS processes, product conformity / nonconformity.
9. Changes that could affect Quality Management System.
10. Recommendations for improvement.
11. Resource needs.
12. Compliance to statutory and regulatory requirements.
13. Any other Quality related points.
Agenda points as above shall be discussed in management review meeting and
necessary actions shall be decided for
1. Improvement of effectiveness of Quality Management System &
its processes. (Core processes at least )
2. Improvement of product related to customer requirements.
3. Resource requirements including human resources and facilities
for maintaining & improving QMS effectiveness and its processes.
4. Action plans with responsibility & action completion date.
Minutes of Management Review Meeting (Management Review Output) shall contain
above 1,2,3,4 points.
Actions decided shall be communicated to concerned In-charges by Management
Representative. Management Representative shall strive for effective &
timely implementation of actions decided in Management Review Meeting.
RESOURCE MANAGEMENT
Provision of Resources
M.D & COO ensure availability of resources to implement ,maintain &
continually improve QMS .This includes resources for enhancing customer
satisfaction. Resource requirements are received in management review meetings.
Human Resource
Management
1. The training need of each employee shall be identified considering the
following criteria: -
a) Job requirement.
b) Competency required & available.
c) Skills possessed by the employee, new technological
improvements.
2. Management Representative shall discuss the training needs with all
Incharge. Management Representative shall prepare the training schedule in
FHR01 & organise to make proper arrangement for fulfilling the training
requirements. Training schedule shall be approved by M.D.
3.Training can be in house, on the job or by sending the persons for outside
training courses.
4. The imparted training shall be followed by its evaluations with the help of
training evaluation as per FHR01 to be filled by dept. head for respective
subordinates who have undergone training course.
5. Record of training course material is maintained in file and training record
[attendance] shall be maintained in FHR01.
6. Competence of personnel performing work which affects product quality is
ensured ,Awareness regarding relevance & importance of their activities is
ensured ,contribution of employees in achieving Quality objectives is judged
through competency chart.
7. Necessary competence / skill requirements at each level of employees are
defined as per competency chart FHR02.
Infrastructure
1. Necessary machinery, equipment, work space is provided for each QMS activity
i.e. appropriate equipment, storage area for each processing stage, sufficient
space on shop floor for material handling / operations, etc.
2. Necessary supporting services are ensured such as - material handling for
Raw Materials, dispatch of finished goods.
3. Necessary machineries, equipment and utilities are maintained as per list
FMT01.
4. Production supervisor shall record all major repairs in machine breakdown
history card FMT02.
5. Preventive maintenances of key machines /equipments is carried out as per
FMT 03.
Work Environment
1. Good housekeeping & safe working environment is maintained within
organization. Housekeeping audits are conducted on the shop floor every 3
months as per Housekeeping Audit Checklist FHK01.
2. Necessary safety aids such as fire extinguishers, first aid box are
provided.
3. Required personnel protective equipments such as Hand gloves ,Safety shoes
are provided to concerned personnel.
PLANNING OF PRODUCT REALISATION
1. The quality plan describes stages of product realisation i.e.- Costumer
order receipt incoming material inspection to delivery of products. Required
verification, validation, monitoring, inspection and test activities and
product acceptance criteria at relevant operation stage is determined.
Process control and Inspection and test records are maintained which show
evidence that product requirements are met.
2. Effectiveness of planning is judged through achievements of quality
objectives & evidence of meeting product quality requirements, delivery
commitments.
3. Requirements of 3rd party inspection, customer inspection if any, outside
testing of UUBPL products is organized if customer requires.
4. Product realisation planning for new product is ensured through development
of manufacturing processes, process controls , testing methods etc.
5. Quality plan / manufacturing sequence is subject to change when there is
introduction of - new technology in manufacturing, new monitoring &
measuring devices for product verification.
CUSTOMER RELATED PROCESSES
1. UBBPL determines product related customer requirements as follows:
a. Customer specified requirements through relevant product
specification.
b. Implied needs of customers e.g. Packaging and transportation in
such a way that no damages to products in transportation.
c. Applicable statutory and regulatory requirements.
d. Additional requirements if any decided by UBBPL e.g .Inspection
of Ovality & Straightness even if not specified by customer.
e. These requirements are reviewed for any enquiry received.
2. Enquiries received by C.O.O, are reviewed for verifying correctness of
Product specification and description, commercial and delivery terms.
Conformance to manufacturing feasibility is already there. It is not verified
each time. Quotation is sent in writing. Customer enquiries are recorded in
FMK03.
3. Orders / schedules are received by telephone / by fax / by customer purchase
order. Entry is made in delivery performance format FMK05.
4. Final authority rests with M.D for acceptance or rejection of enquiry /
order. Customers are requested to fax orders or place orders in writing / by e-mail,
etc. Verbal orders are also accepted. Acknowledgement of orders is sent when
required by customers. Customer order is reviewed prior to acceptance of order.
5. In case of any ambiguity or inadequacy is found in customer order /
specifications, the same shall be resolved with the customer by C.O.O.
6. For order received against the quotation, the order received and quotation
submitted is compared and the differences if any, are resolved with the
customer.
7. The amendments to the order are accepted, if technically and commercially
feasible. The orders / amendments accepted are communicated to Production
supervisor for production and dispatch.
8. Records of customer order / amendments / review- any correspondence are
maintained.
9. There are no Statutory / Regulatory requirements applicable for the products
of UBBPL.
10. List of customers, their addresses / Tel. Nos. / Fax Nos. / e-mail I.D. is
maintained in FMK 01. Customer order files are maintained with related
correspondence.
11. Customer communication : Product catalogues are sent to customers as &
when required .Necessary communication during enquiry review & order
execution is done.
12. Commercial customer complaints are handled by C.O.O .Technical customer are
forwarded to plant Engineer . Plant Engineer studies the nature of complaint so
as to determine Root cause.
Appropriate correction ,Corrective action & preventive action are
initiated.
Effectiveness of these actions is judged and necessary changes in QMS are
initiated ,whenever required.
Records of customer complaints received, analysis & actions are maintained
in FMK 02.
PURCHASING
Purchase Requirement
Requirements of purchase for materials, consumables and packing material are
planned by C.O.O & Production supervisor based on customer orders in hand /
anticipated orders, materials available in stores.
Inviting Quotations
The Supplier / Suppliers are communicated about the requirement and the verbal
/ written quotations are invited or Purchase orders are placed based on earlier
prices.
Selection of a Supplier
a. The purchase order is placed with the one who offers acceptable
commercial terms & delivery schedule. The supplier is selected from the
list of approved suppliers FPS 01.
b. For selecting the supplier, who is not from the list of
approved suppliers FPS 01, proper justification is given and it is authorized
by M.D / C.O.O. The purchase order is identified as ‘ Trial Purchase Order.’
Issue of the Purchase Order
1. The purchase order FPS 03 is prepared, which contains required
technical and commercial details to enable the supplier to supply right product
.In case of heat treatment, supplier has been asked to follow qualified process
cycle.
2. The purchase order before issue to supplier is reviewed for
adequacy of specifications with respect to technical and commercial aspects.
3. In case of any change required in issued purchase order a
suitable“ amendment to Purchase Order” is issued.
Verification of Purchased Product
Purchased Raw materials / Consumables are verified as per required
specification.
Supplier Rating(Supplier Re-Evaluation)
1. Selected critical suppliers are evaluated every 3 months.
Supplier Quality rating is done as follows :
Quality Rating % = [ ( Accepted Quantity ) / (Supplied Quantity) ] x 100
QUALITY RATING CATEGORY PERCENTAGE OF ACCEPTANCE
A Above
90 %
B 80%
- 90 %
C Below
80 %
In case of supplier rating is below 90%, Supplier will be informed verbally or
in writing to improve quality performance.
2. When Supplier Delivery Rating will be needed, it will be done
as follows :
Delivery Rating : Delivery rating is done in case delivery from supplier is a
problem.Delivery Rating is
a. 100 % when delivery is in time,
b. 60 % when it is late by 3 to 7 days,
c. 0% when it is late by 8 days or more.
3. Records of supplier rating are maintained in FPS 04.
List of Approved Suppliers
1. All existing suppliers stand as approved suppliers and are
included in the list of approved suppliers FPS01.
2. Supplier registration format FPS02 is sent to all existing
suppliers for having basic information about supplier.
3. New suppliers are selected based on technical capability and
favorable commercial terms. Normally trial order is sent to new supplier based
on discussions with supplier and references given by supplier. Based on satisfactory
results of trial purchase order, the supplier is included in the list of
approved suppliers.
PRODUCTION AND SERVICE PROVISION
1. Products - are manufactured with the help of appropriate
machines, dies & fixtures.
2. List of dies is maintained as per FPR02.
3. When the customer order is received, necessary customer
requirements are communicated to production department though route card FPR01.
4. Weekly production plan FPR03 is prepared based on customer
orders in hand, so as to meet delivery requirements.
5. Route card contains customer order no. , Heat no., required
dimensions.
6. Manufacturing processes are carried out as follows :
R/M Inspection -> Pickling -> Pointing -> Drawing -> Cutting ->
Straightening -> Grinding -> Polishing
-> Final Inspection -> Packing -> Dispatch
7. Product inspection & testing shall be carried out at each
stage of manufacturing. Production details of specific order are recorded in
relevant route card FPR01.
8. Specifications are made available at relevant work stations.
9. Manufacturing processes are carried out under controlled
conditions as defined in work instructions.
10. Performance of process control parameters & product
parameter are monitored with help of suitable monitoring & measuring
devices.
11. Heat Treatment is outsourced process. Validation of the
process cycles shall be done through micro analysis through outside test lab,
prior to finalisation of any such cycle. Suppliers shall be asked to follow
only validated cycle. Periodic revalidation of any such process cycle shall be
done.
12. Only accepted products are allowed to move forward to next
stage of manufacturing & for subsequent dispatch.
13. Identification of products is maintained by means of Tags and
colour code. Traceability of finished products is maintained by means of heat
no. and route card. Records of traceability are maintained i.e. route card.
Identification tags are received along with raw material. This tag contains
Mill heat no. and grade of the material. This tag is preserved through out the
product realization to maintain traceability of finished goods to raw material.
14. Packing is done as per requirement of customer or as per
UBBPL., if not specified by costumer .For Domestic dispatches gunny bag
wrapping is provided.. For exports ,packing is done in wooden boxes.
15. Preservation of products during storage, handling, packing
& dispatch is maintained so as to avoid product non - conformity.
16. Dispatch of finished products is carried out as per customer
requirements and delivery schedule. Proper packing ensures that there is no
damage to parts in transit to customer.
17. Specifications supplied by customer if any shall be controlled
as per Document Control Procedure. Such Documents shall be returned to customer
whenever these become obsolete or are beyond use.
18. Customer Property - Raw material received by the customer are
handled carefully. Suitable tags are put so as to avoid mix up of material. It
is ensured that any such material is used only for specific purpose. In case of
any damaged material same shall be intimated to customer & necessary action
shall be initiated accordingly . In case of less or excess material, same shall
be informed to customer & appropriate actions are initiated.
Records of any such communication shall be maintained.
19. UBBPL finished products need no after sales service.
20. Raw materials received are recorded in incoming inspection
report FQA 01.This also refers to material issue.
21. For consumables, records of receipt & issue of materials
are maintained in RST 01.
22. Stock records of dies is maintained in RST 02.
CONTROL OF MONITORING AND MEASURING DEVICES
1. Inspection criteria are decided through Inspection plans &
applicable standards. List of monitoring and measuring devices for which
periodic calibration or inspection or verification is required maintained is as
per FQA 04.
2. Frequency of calibration, acceptance criteria (permissible
measurement error) , for measuring devices are decided based on use of these
devices and past experience.
3. Measuring devices are used or deployed in such a way that least
count of tyhe measuring device is less than 10% to 20% of tolerance of the
parameter. e. g. if dimension specified is 200 mm + 5 mm, then they need a
measuring device with least count of 0.1 or 0.2 mm.
4. Monitoring & Measuring devices are calibrated (as per their
calibration frequency mentioned in FQA04) from outside agency and only
acceptable device is used in inspection. Traceability to Indian / International
Standards is ensured in calibration.
5. Measuring devices are stored, handled and maintained properly,
so as to avoid inaccuracies in measuring devices due to storage, handling and
maintenance.
6. Calibration status of measuring devices is put on the measuring
device, by sticker / tag and shall have due date of next calibration. All
measuring devices are identified as indicated in FQA04. QA Incharge / Inspector
shall verify & maintain calibration records.
7. When calibration is not possible since measuring device is
faulty, the repair possibility shall be seen. The measuring devices shall be
re-calibrated after repair. If measuring device is beyond repair , then it
shall be scrapped.
8. When measuring device is found to be out of calibration, then
previous inspection reports prepared by using this measuring device are
re-examined for correctness of inspection decision. Depending on finding, if
required concerned section in UBBPL / concerned customer is informed to take
relevant action.
9. It is ensured that new measuring device is used only after
calibration and it is acceptable.
10. No software are used in monitoring & measurement .
11. Records of Calibration /Verification are maintained i.e.
outside laboratory calibration certificates.
MONITORING AND MEASUREMENT
1. Ultimate aim of business is to satisfy customers and have
repeat orders / additional orders. Regular monitoring and measurement system of
business operations is essential for maintaining alertness in all concerned
personnel.
2. Monitoring and measurement of the following aspects will be
carried out.
a. Customer satisfaction, Operating quality management
system.
b. Important processes of this Quality Manual-
manufacturing, quality assurance, sales and marketing.
c. Performance of products to satisfy customer
specified / expected requirements / company specified requirements and
applicable product standards.
3. Suitable statistical techniques are used for monitoring &
measurement .
Customer Satisfaction
1. Monitoring and measurement of customer satisfaction is ensured
as follows.
a. Monitoring of compliance with customer requirements
(e.g. Quality, Quantity and Delivery Requirements).
b. Complaints / Feedback received from customer.
c. Repeat customer orders.
2. Monitoring and Measurement of Customer Satisfaction is done by
sending customer satisfaction survey form FMK04 to customers every year.
Quantification of satisfaction level is done in Summary & analysis of
Customer satisfaction survey form.
Internal Audit
1. Internal audits shall be conducted at least once in 6 months in
all areas covered under Quality Management System. This is to verify whether
Quality Management System requirements are effectively implemented and are
maintained.
2. Audit plan prepared shall include scope of audit. i.e.
departments, clauses to be audited. Audits shall be conducted as per procedure
for Internal Audits PMR03.
3. Auditing criteria shall be decided based on process
performance, importance of the process to meet customer requirements and
previous audit nonconformities.
4. To ensure impartial and unbiased audits, Internal Auditors are
selected in such a way that they are independent of area to be audited. Outside
auditors / sister company auditors can be appointed for internal audit, in case
UBBPL does not have sufficient auditors.
5. Records of internal audit findings, audit non -conformities
shall be maintained.
6. Follow up activities after internal audit; ensure verification
of corrective actions taken for Internal Audit nonconformities.
Monitoring and Measurement of Processes
1. Important processes shall be monitored and where appropriate
their performance shall be measured to ensure conformity to planned results.
The important processes are
1) Manufacturing
2) Quality Assurance
3) Sales and Marketing.
The other processes are also monitored.
2. Process effectiveness is monitored.
3. Whenever planned results are not achieved necessary action is
initiated to achieve product conformity and / or desired process parameters /
process improvements.
Monitoring and Measurement of Product
1. When the material is received Important product characteristics
e.g. O.D., appearance etc. are checked. Records of incoming inspection are
maintained in FQA01.
2. 3 pieces are checked at the time of setting. Once setting is
approved, 2 Nos. after every hour are inspected to ensure process performance.
Records are maintained in FQA02.
3. Critical product characteristics e.g. O.D., length , appearance
etc. is checked at different stages of product manufacturing as mentioned in
relevant specifications.
4. Criteria for acceptance and frequency of inspection is defined
in quality plan.
5. Final inspection is done after all required processes are
carried out or before dispatch of material. Records of Final Inspection are
maintained in FQA03.
6. No product is released for dispatch till it is inspected and
inspection results are satisfactory.
7. Records of inspection activities are maintained. Inspection
records identify approving authority for product release.
CONTROL OF NON-CONFORMING PRODUCT
1. If the product is not conforming to applicable specifications,
it is treated as nonconforming product.
2. Non-conformities observed may be visual defects, dimensions not
ok etc.
3. Non conformities observed at any stage of inspection as well as
customer returned products are handled as per procedure for handling non
conforming products PQA01.
4. Disposition for non-conformities is given by QA Incharge.
Disposition actions include reject ,rework or accept under deviation.
5. Appropriate actions are initiated to resolve the cause of non conformity.
6. Re inspection of reworked product is carried out as per
relevant specification .
7. In case of any non-conformity being noticed after product
dispatch, it shall be intimated to customer immediately. Appropriate remedial
actions, as applicable shall be initiated against any such non-conformities.
ANALYSIS OF DATA
1. Customer feedback received, is analysed. Wherever level of
customer satisfaction level is lower than expected, reasons for the same will
be analysed and actions will be decided.
2. Trends in customer rejection, if any shall be analyzed.
Wherever required, cause effect diagrams shall be prepared for identifying
causes for rejections / rework. Action plans to control the rejections / rework
with responsibilities and targets shall be defined. (e.g. Corrective Action or
Preventive Action)
3. Suppliers shall be periodically evaluated for their
performance.
4. Performance of QMS processes shall be analysed as mentioned in
ANNX -A and quality objectives.
5. Results of analysis shall be compiled every 6 months to judge
effectiveness of QMS processes. These results shall be communicated to
concerned personnel who are responsible to initiate action or to maintain
existing level of performance.
6. Results of above data analysis shall be taken for review in
management review meeting. This data shall also be input for corrective actions
/ preventive actions.
IMPROVEMENT
1. Continual improvement shall be ensured through management
reviews, internal / external audits, data analysis and achievements in quality
policy / objectives.
2. Actions shall be identified to improve the performance of
Quality Management System. PDCA Cycle shall be followed to ensure improvements.
3.Corrective Action
1. Basis for corrective action shall be trends in
product non-conformities, customer complaints, trends in process performance
etc.
2. Causes of non-conformities / process performance
gaps shall be identified.
3. Need for action to ensure non - recurrence of non -
conformities shall be evaluated.
4. Time bound action plan with defined
responsibilities shall be decided.
5. Decided action plan shall be implemented & it’s
status shall be reported to Director.
6. Records of results of for what action taken shall
be maintained.
7. Corrective action taken shall be reviewed for its
effectiveness so as to implement it on permanent basis.
4.Preventive Action
1. Preventive actions shall be initiated to prevent
occurrence of potential non-conformities or for further refinement of Quality
Management System.
2. Methodology of deciding, implementing &
reviewing preventive action shall be as mentioned in Corrective Action 2 &
7.
5. Corrective & preventive actions shall be reported to M.D.
& shall be in put for Management Review meeting.
6. Where necessary, changes in documents will be done to
incorporate the corrective actions and preventive actions on permanent basis.
7. Corrective action/ preventive action status is discussed in
management review meeting.
Individual Responsilbilities = R & Authorities = A in the
organization
Managing Director
- Formulate
corporate strategies for long term growth of organisation. R
- Approve
organizational quality policy. A
- Resource
Allocation. R & A
- Chairman -
Management Review Committee. R
- To look after
overall management . R
- Develop new
products - manufacturing processes & identify customer requirements. A
& R
- Monitoring
continual improvement of products, processes & systems. R
- Keeping in
touch with customers through correspondence, communication, visits. R
- Approve
Quality Manual. A
- Decide
Quality Objectives. A
C.E.O
- Liaison with
customers in absence of M.D. R
- Keeping in
touch with customers through correspondence, communication, visits . A
- Develop new products
- manufacturing processes & identify customer requirements.
- Sending
quotations. A
C.O.O
- Responsible
for Materials Purchase.
- Selection of
Suppliers, Supplier performance rating. R
- Keeping in
touch with customers through correspondence, communication.
- Sending
quotations. R
- Maintaining
Bank correspondence and records. R
- Maintaining
Accounts and Excise records. R
Quality Assurance Incharge
- Responsible
for inspection of a) Incoming products, b) Inprocess products, c) Finished
products A
- Identification
of non - conformities & disposal of nonconformities in consultation
with M.D. A & R
- To attend
customer complaints and take corrective / preventive action. R
- Production
plan Finalisation. A & R
- Setting of
m/c. and 1st pc. Inspection - A & R
- Packing - (
Counting / Weighing )
Production Supervisor cum Stores Incharge
- Machine
maintenance - breakdown & preventive. R
- Decide
requirements for spares. R
- To keep
breakdown & preventive records maintenance. R
- Stores and
Dispatch. A & R
- Issue of
purchase orders
- Preparation
of Invoice and challan
- Stock records
. R
- Finished
goods storage. R
Management Representative(ISO 9001-2000)
- Coordinating
management review meetings. R
- Selecting
Internal Auditors and arranging training for Internal Auditors. A & R
- Planning
& Co-ordinate Internal Audits. R
- Reviewing
internal / external audit non-conformity reports and ensuring corrective
actions thereof. R
- Select and
co-ordinate with the external certification agency. A & R
- Forward
Quality System status reports appraising Quality achievements, ISO 9001
Quality System implementation and future Quality Improvements plans, and
other related matters to the M.D;s office. R
- Ensure
promotion of customer requirements within. R
Plant Engineer
- Responsible
for inspection of a) Incoming products, b) Inprocess products, Finished
products. R
- Control of
monitoring & measuring devices including calibration. R
- Laboratory
administration & control. R
- Maintaining
Daily Production Reports (Route Card)- R
- Non
Conformity Records
Company profile:
Subject
was established in 1961 under Uday Engineering
Works is now one of the biggest manufacturer and exporter of Cold Finished Bar products
in Stainless Steel, Carbon Steel, Alloy Steel, Mild Steel etc. in all shapes
and sizes.
The plant
is well equipped with modern machineries and producing material to the most
accurate technical standards used by most quality conscious companies.
Subject aim
for their best to achieve their goal "Quality
Material to Quality Customer" and give quality products
and service to their customers.
Their
customer base is spread over 49 states in
After more
than 40 years of dedicated service, UDAY
BRIGHT BARS is well on its way to become one of the global
pioneers in Cold Finished Bars products industry.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.55 |
|
|
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.54.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|