1.

Introduction

Steel casting is a kind of process which involves casting of various types of steel. Steel
castings are mainly used when cast irons can't provide enough strength and stun resistance.
Hydroelectric turbine wheels, forging presses, gears, railroad truck frames, valve bodies, pump
castings, mining machinery, marine equipment and engine castings are some of the example of
high level steel castings.

Steel Castings are mainly categorized into two groups as Carbon Steels and Alloy Steels:

Carbon steel is one with main alloying constituent is Carbon. The AMERICAN IRON
AND STEEL INSTITUTE (AISI) defines carbon steel as: "Steel is considered to be carbon
steel when no minimum content is specified or required for chromium, cobalt, columbium,
molybdenum, nickel, titanium, tungsten, vanadium or zirconium, or any other element to be
added to obtain a desired alloying effect; when the specified minimum for copper does not
exceed 0.40 percent; or when the maximum content specified for any of the following elements
does not exceed the percentages noted: manganese 1.65, silicon 0.60, copper 0.60."

The term "carbon steel" may also be used in reference to steel which is not stainless steel;
in this use carbon steel may include alloy steels. Steel with a low carbon content has properties
similar to iron. As the carbon content rises, the metal becomes harder and stronger but less
ductile and more difficult to weld. In general, higher carbon content lowers the melting point and
its temperature resistance. Carbon content influences the yield strength of steel because carbon
atoms fit into the interstitial crystalline lattice sites of the body-centered cubic (BCC)
arrangement of the iron atoms. The interstitial carbon reduces the mobility of dislocations, which
in turn has a hardening effect on the iron. To get dislocations to move, a high enough stress level
must be applied in order for the dislocations to "break away". This is because the interstitial
carbon atoms cause some of the iron BCC lattice cells to distort

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1.1 COMPANY PROFILE

1. Land - 4500 sq. m

2. Sales turnover - Rs.56 core (2009)

3. Canteen facility - Not Available

5. ISO/QS - ISO 9001-2000 Certified

6. Bankers - HDFC, ICICI, SBI, SIB etc.

7. Weekly off - Sunday

8. Accounts - SAP system

9. Products - Ball valve, Gate valve & etc.

10. No. of Employees - More than 300

12. Staff - Well trained technical

and non-technical

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1.2 HISTORY OF THE COMPANY

VEEYES is a group of ISO 9001:2000 steel foundries producing Quality Sand Castings
in Carbon Steel, Alloy Steel, Stainless Steel, Duplex Stainless Steel and Nickel Based
Alloys.VEEYES is strategically positioned at Coimbatore, the Manchester of South India. We
cater to various demanding requirements of many valves and pump industries in India and
abroad. We have earned reputation for fast deliveries, superior quality, competitive pricing and
outstanding customer service

VEEYES Alloys Pvt. Ltd. was established in 1991 with a rated capacity of 3000 Metric
Tons per Annum.

To meet the increasing demand, and to expand the production capacity to 3000 Metric
tons per Annum, a second unit VEEYES Foundry Pvt. Ltd. was started in the year 1996.

Right from the inception VEEYES has grown all the way through to become a company,
which never compromises quality in its production works.
Backed by a team of proficient personnel, VEEYES is committed to maintain traditional quality
services at all levels of technical resources and production facilities.

Due to the refined approach and unmatched quality maintained, VEEYES stands as an
embodiment of quality today.

1.3 ABOUT THE INDUSTRY

The foundry unit occupies a primary position among the manufacturing units India. India
occupies an important position compared with other countries. In India most of the foundries are
export oriented.

Most of the foundries in India are situated in Coimbatore as they are the major parts and
also provide all facilities for the development of the industry.

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 1.4 ORGANIZATIONAL CHART

MANAGING DIRECTOR

CHIEF EXECUTIVE OFFICER

PLANING & STORES OFFICER M R & MANAGER - QA

JR OFFICER QC-ENGINNER ENGINEER – SR INSP

HR MANAGER
(SYSTEMS) NDT/WELDING M/C SHOP CHEMIS ENGINEER –
QC T HEAT
TREATMENT
TRAINING OFFICER

PRODUCTION MANAGER PATTERN SHOP IN-CHARGE & METHODS MANAGER

FINANCE MANAGER

PURCHASE & SALES OFFICER FETTLING ENGINEER

CHARGE HANDS CHARGE HANDS

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1.5 RESPONSIBILITY AND AUTHORITY

MANAGING DIRECTOR
 Communicating to the organization the importance of meeting customer as well as
statutory and regulatory requirements

 To define quality policy & quality & objectives

 To define responsibility and authority

 To appoint management representative

 To conduct management review

 Ensuring the availability of resources

 Meeting of statutory requirements like PF, ESI, ISR, TNPCB approval, excise, sales tax,
EEPC approval, PED, etc.

CHIEF EXECUTIVE
Responsibility for
 Control of documents

 Control of records

 Control of customer property

 Coordinating with customers

 Customer care activities

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1.6 ORGANIZATION LAYOUT OF VEEYES ALLOYS

Sand storage ND test

Place room
Fettling
department

Toilet

Pattern
shop Production
department Water
motors
room

Store
room

Power Office
room

Waste Vehicles stand

room

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1.7 RECOGNITION

As the result of the stringent quality control measures implemented, we have obtained the
following certifications:

 ISO 9001:2000 by TUV Nord Germany for Veeyes Alloys

 ISO 9001:2000 by TUV Nord Germany for Veeyes Foundry

 AD 2000-Merkblatt W O for Veeyes Foundry by TUV Nord

 Quality System for Material Management for Veeyes Alloys by TUV Nord

 Quality System for Material Management for Veeyes Foundry by TUV Nord

 WELL KNOWN FOUNDRY status by Central Boilers Board, Govt. of. India

We have also earned recognition from the following institution

 ENGINEERS INDIA LIMITED (ElL)

 PROJECTS DEVELOPMENT AND INDIALIMITED (PDlL)

 NUCLEAR POWER CORPORATION (NPC)

 INDIAN OIL CORPORATION LIMITED (IOCL)

 BHARAT PETROLEUM CORPORATION LIMITED (BPCL)

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2. STUDY OF VARIOUS DEPARTMENTS

 Production Department

 Purchase Department

 Store Department

 Human Resource Department

 Finance Department

 Commercial Department

 Quality assurance Department

 Marketing Department

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2.1 Production Department

2.1.1 Production Department chart

PRODCTION MANAGER

METHOD MANAGERR MELTING MANAGER

FETTLING POURING
MOULDING INCHARGE INCHARGE
INCHARGE

CORE INCHARGE WELDING ENG CLEANING ENG

ENG.NDT

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2.1.2 Production layout

Shipping
Shipping Heat treating
Shakeout

Cleaning
Core
making Pouring

Moulding Melting Heat

treatment

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2.1.3 RESPONSIBILITY AND AUTHORITY OF PRODUCTION DEPARTMENT

PRODUCTION MANGER
Responsibility for
o Staff supervision
o Extent of control of different functions and function managers believe require a change in
control
o Responsibility for improvements
o Targets and programs for improvements
o Levels of job satisfaction
o Policies and budgets
o Percentage of time spent on different activities

ENGINEER NDT/WELDING/QC
Responsibility for
o Final inspection of castings as per work order, customer purchase order,TDC
o Radiography and repair welding of castings
o Arranging castings for magnetic particle Testing, Ultrasonic Testing and Liquid penetrate
testing
o Training and educating the workers above tests
o Maintaining good housekeeping and safety work environment

ENGINEER MACHINE SHOP/QC

Responsibility for
o Final inspection of machined castings
o Final inspection preparation of packing slip/packing of export castings

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SENIOR CHEMIST
Responsibility for
o Coordinating with IBR authorities
o Control of documents at chemical and mechanical laboratory, receiving inspection and
testing
o Responsible for inspection and test status at chemical and physical ladoratory and
receiving stage
o Overall in charge of reviewing inspection/chemical testing and mechanical testing
o Maintaining inspection and test records at receiving stage, chemical and mechanical lad
o Control of monitoring and measuring devices
o Coordinating with MR in MR activities

PATTERN SHOP IN-CHARGE/METHODS MANAGER

Responsibility for
o Control of documents at pattern shop
o Process control in pattern shop
o Inspection and test records at pattern shop
o Control of monitoring and measuring devices at pattern shop
o Handling,storage,packinging and preservation at pattern shop
o Samples, pattern layout,methoding
o Corrective action at in process stages
o Training of suppliers
FETTLING-ENGINEER
Responsibility for
o control of documents-Shot blasting, Repair Welding, Acid pickling and Passivation at
final inspection
o inspection and test status at tattling and final inspection
o control of non conforming products at fettling and final inspection
o corrective action at fettling and final inspection

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 o Training of contractors in visual inspection as per MSS SP 55 and ensure that castings are
free from surface defects
2.1.4 Manufacturing process

Process flow chart

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Manufacturing process

Overview

The making of a steel casting is a long and complex process. A large investment in
capital equipment is required for the melting of steel, manufacturing of cores and molds and the
cleaning and heat treating of castings. Additional major investments for support equipment and
facilities are required for sand reclamation systems, dust collection devices and bulk material
handling systems

A typical casting begins when an order is entered into the veeyes alloys Production
Control program. This entry adds it to the production schedule which in turn creates a demand
for raw materials (i.e. sand, binder, scrap steel etc.) and manufactured items such as cores.

In addition, pattern and core boxes are taken to the Pattern Shop and 'prepped' for the
production run.

Typically, the core room reacts first, getting the necessary cores ready for setting as the
molds are being made. Next, molds halves (upper and lower) are made and sent to the assembly
area. At the assembly area, molds are flow coated and cores are set in place. The mold is then
closed up for pouring.

As the assembled molds are being staged on the pour-off lines, a heat is melted in the
induction furnace. Molten steel from the induction furnace is brought to the molds on the pouring
lines in a refractory lined pouring ladle. Once poured, the molds are allowed to cool before next
being sent to the shakeout. At the shakeout, the castings are separated from the sand mold. The
sand is sent to a reclamation system so that it can be reused in the molding process.

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 As castings are removed from the shakeout they are sent to the cleaning room where they
are 'finished' to the customer's specifications. Processing in the cleaning room includes shot
blasting, cut-off, welding, heat treating and
inspection.

i) Core making Process flow chart

Core making process

Generally, cores are the internal passages of castings. Most cores at veeyes alloys are
made by mixing sand (both new and reclaimed at veeyes alloys) with a two part chemical binder
system. A third part, the catalyst, is introduced the mixed sand as a gas to 'set' or 'cure' the core.
This core process is referred to as a Cold Box System.

The sand and binder are mixed in a screw type continuous mixer. As the sand leaves the
mixer it is discharged into a blow head magazine on top of the core machine.

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 The core machine will then shoot the sand under air pressure into the core box. The core
box is then 'gassed' with a catalyst to cure the sand. A fume scrubber is used to remove any
excess catalyst gas from the machine After the core is 'cured', it is removed from the core box
and 'finished' by removing 'fins' from the parting lines. Complex cores are sometimes assembled
from many smaller cores at this point.
Once the finishing process is complete,
the core is placed on racks and staged for
use at the molding assembly area.

ii) Melting Process flow

chart

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Melting process

The melting process begins with the customer’s metal specification for the casting, which
determines what type of scrap metal will be used to ‘charge’ the furnace. Once charged, the
furnace uses induction principle supplying 150kw electricity, to melt the scrap metal. At various
points in the melt process, samples are taken to determine the chemical composition of the
molten metal. Using a Spectrometer as a guide, alloys are added to the furnace to bring the
molten metal in the proper specification.

Once the metal is within the desired specification, and at a temperature near 1600 to 1800
deg Celsius, it is poured into a preheated ladle for transfer to the pouring lines.

At the pouring lines, molten metal is ‘poured’ into the appropriate molds. Due to the
lifting pressure of molten steel, molds will often be ‘weighted’ or ‘clamped’ to prevent them
from separating at the Cope/Drag meeting point.

After pouring, the mold is allowed to cool for approximately 30 minutes before it is taken
to the shakeout. At veeyes alloys, poured molds are dumped into a vibrating conveyor. In the
conveyor, the molds are broken up by the vibration, which exposes the casting for removal. The
sand from the mold is separated and process through a reclamation system for reuse in mold and
core making.

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iii) Molding Process flow
chart

A mold is made by mixing sand with chemical binder system. Sand foundry molds are
made in two parts, each representing one half of the part to be made. The top half is referred to as
the 'Cope', the lower as the 'Drag'.

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 The sand and binder is mixed in a dual trough, screw type, continuous mixer. As the
mixed sand leaves the mixer it is discharged onto a pattern face mounted in a mold box. After the
mold box has been filled with sand, it is compacted to its maximum density to insure a strong
mold for handing and pouring. After the mold is compacted, any excess sand is removed from
the top of the mold box.

Once the sand has 'set-up', the

pattern is removed from the sand in a
Rollover/Draw machine. The mold is
then 'Flow Coated' to improve casting
surface finish. After the Flow Coating
material has dried, cores are placed in the
Drag portion of the mold. The mold is
then closed by setting the Cope on the Drag.
Once closed, the mold is moved to the
pouring lines.

iv) Fettling Process flow

chart

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Fettling process

The foundry Cleaning Room is collection processes where castings are ‘finished’ to meet
the customer’s specifications. This insures that castings are made and finished to the customer’s
specifications and standard industry practices.

When castings are removed from the shakeout, they are run through the shot blast to
remove sand and expose the surface for inspection and further work. The next step is the removal
of the gating system.

To pour molten metal into a mold a path is required called a ‘pouring sprue’. The pouring
sprue will generally have will have many feeders to various parts of the casting. This is called the
‘gating system’.

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 In addition, as metal shrinks while it is cooling, so additional pockets of molten metal,
called ‘risers’ must be present to feed into the casting. Once the pouring sprue, risers, and gates
are removed in the ‘Burn & Arc’ areas, the castings are returned to the shot blast to be cleaned
for inspection.

At the first inspection, castings are inspected for defects such as cracks, flashing,
inclusions, etc. If none are found the castings are sent to the Heat Treating department. If defects
are present that require welding and/or grinding the castings are sent to the appropriate area to
have the defect corrected. Once rework is completed, the castings are sent to the Heat Treating
department.

After being heat treated, the castings are again sent through the shot blast before being
sent to the Final Inspection area. Depending on the customer’s specifications, castings in Final
Inspection may undergo Magnetic Particle Inspection, Ultrasonic Inspection, Radiographic
Inspection and /or Brinell testing.

If a casting fails the Final Inspection it may be returned for rework or sent to the scrap bin
for re-melt if the defect is severe. When castings pass inspection they are sent to the shipping
dock and the production department notified so that the necessary paperwork can be processed

2.1.5 FACILITIES AVAILABLE FOR MANUFCTURING

Pattern shop
Well-equipped in – house pattern shop for manufacturing and reconditioning of
aluminum and wooden pattern

Moulding shop
Complete facilities of hand moulding for sodium silicate Co2 process and also
chemically bounded sand processes for core making

Melting shop
Medium frequency 150KW induction furnace with 150Kgs, 300Kgs & 400KW induction
furnace with 1000Kgs, 1500Kgs crucibles. Single pieces 110Kgs cast weight.

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Fettling shop
equipped in house with, pencil hand grinders to heavy swing frame grinders, and
facilities for up gradation of castings, also air arc gouging and shot blasting, acid pickling &
passivation facilities. Welders are qualified as per IBR/ASME/EN standard, under third parties
like TUV.

Heat treatment
Oil fired furnace capacity up to 1.5 tons per charge and 5.0 tons per charge and one
electric furnace capacity up to 3 tons per charge
Maximum operating temperature 1200 C with arrangements for automatic multipoint
temperature recording of various zones of each furnace and facilities for water quenching
furnace is calibrated to API-6A appendix-h under TUV &IBR.

Captive power plant

160 KVA, 285KVA, 380KVA & 750KVA power generators, provided for 100% backup

2.1.6 LIST OF SPECIFICATIONS UNDER REGULAR PRODUCTION

ASTM STANDARDS

CARBON STEEL : ASTM A 216 Gr.WCB, WCC

CARBON STEEL : ASTM A 352 Gr. LCB, LCC, LC1,
LC3&1C

FOR LOW TEMPERTAURE SERVICE

ALLOY STEEL : ASTM A 217 Gr.WC5, WC6, WC9,

C5 & C12
MARTENSTIC STAINLESS : ASTM a 351Gr.CA15.CA15M

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 SS 410 & SS420
STEEL : ASTM a 352 Gr. CF3 CF3M, CF8

STAINLESS STEEL : ASTM a 351Gr CF3, CF3M, CF8,

CF8M, CG8M, CG3M, CF8C,
CD4Mcu, CN7M & CK3MCuN (6MO
440-C
DUPLEX STAINLESS STEEL : ASTM A 890/a995 Gr. -3A, 4A, 5A,
ASTM A 995 Gr. CD3MWCuN
PRECIPITATION STAINLESS : ASTM A 747 Gr. CB7Cul
STEEL
HEAT RESISTANT STEEL : ASTM A 297 Gr. HE, HH, HK
NICKEL BASED ALLOYS : ASTM a 494 Gr. M25S, M35-1,
CZ100, CY40.CW 12 MW (HAC),
CU5MCuC (INCONEL-825),
CW6MC (INCONEL-625) AND
INCONEL-718

2.1.7 MANUFACTURE COMPONENTS

 Gate valve (body, bonnet, wedge)

 Globe valve (body, bonnet, disc)

 Swing check valve (body, cover, disc)

 Control valve (body, bonnet, plugs, cages, etc)

 Knife edge gate valve (single piece design, two piece design)

 Safety relief valve (body, bonnet, nozzle)

 Ball valve (body, adapter, ball)

 Plug valve (body, bonnet, plug)

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 Butterfly valve (Bodies & discs)

 Twin safe valves

VALVE COMPONENTS PRESSURE RATING

 ANSI Class – 150, 300, 600, 900, 1500, 2500, 5000

 DIN Class -- PN16, 40, 100, 160, 250, 400

TYPES OF PUMP COMPONENTS

 Pump casing

 Impellers/ rotors

2.2 PURCHASE DEPARTMENT

Proximity of the Purchase Department to the Stores Department is considered of great
important as the relationship between the two is inherently so close and so basic that both should
be near each other for better co-ordination and control.
If located near each other where accommodation facilities are available it would provide
an integrated system as a whole for better performance with the facility to interact. The stores
and purchase sections shall also be as close as possible to the Exhibit Development Section
which is the main user of the stores and purchase sections.
Mode of purchase
Veeyes alloys following credit purchase the credit period of two months credit period
based on the buyer the would be changed
Mode of payment

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 The payment should be given through the cheque or favor of demand draft
Mode of delivery
The raw materials should be delivering through the truck and mini vans the form xii, ar2,
and ar3 should be used for the purchase

2.2.1 Purchase process

Purchase process is forwarded from the instance of the receipt of purchase indent the
department where the need for material has assessed
Enquiry forms for the material are prepared based on the indent and sent to the dealers for
the quotation
Various prices quoted by the dealer for the material in requisition are tabulated and order
is placed with the lowest quoted dealer
When the price quoted by two dealers are same, discount is claimed by the company and
order is placed with one who accepts for discounts, further purchase assistant with proper
authentication.
Purchase department is one of the important departments functioning in veeyes alloys
the purchase manager is responsible to see that the required raw material for producing the feed
for the broiler birds is readily available in time. It is the manager’s duty to place the orders for
the raw materials in the right time and from the right supplier.
Function of purchasing department
 Placement of purchasing requisition
 Raising purchase orders
 Receiving goods
 Returning of defective goods
 Raising invoice and payments

2.2.2 PURCHASE ACTIVITES

REQUISITON
When the demand arises immediately purchase order is placed. Generally in this
company there is a separate form for purchase requisition. As soon as the demand arises the

25
purchase order form is filled by the stores keeper as per the requisition of the works manager.
Then there are various suppliers for the company. A suitable supplier for the raw-product is
selected and is being purchased from the particular supplier.
PURCHASE ORDER
Purchase requisition goes through financial approval before these are converted
in to purchase order. The purchase orders certain information from the requisition and also
specified term of agreements.
E.g.;-credit terms.
RECEIVEMENT
Record materials received in to inventory and allow accounts payable to verify
purchase quantity and price before making payments.
RETURNS PAYMENT
After receiving the material, the payment is tracks goods returned to the
suppliers for exchange. For item return for credit negative purchase order is also entered made
as per the for as specified by the supplier.

2.2.3 VENDORS OF VEEYES ALLOYS

 MIRRA EQUIPMENTS

 MOLY METAL PVT LTD

 EVERGREEN

 EVEREST INSPECTIONS AND NDT SERVICES

 INDUSRIAL RADIOGRAPHIC INSP

 BASANTH INDUSTRIAL SUPPLIERS

26
 PHOOLCHAND BHAGATSINGH

 INDO INTERNATIONAL

 THE PENISULA

 USV ENTERPRISES

 THERMAL TECH

 INDUSTRIAL ALLOYS AND METAL

 MUGA TRADING

 AKILANDESWARI CARBON GAS

 PREMIER CARBONIC

 SARAVANA STEEL

2.3 STORE DEPARTMENT

Store is the place where the materials needed for running the foundry are and kept on
stock proper store accounting system is maintained in recording the stock and issue of materials
to the foundry for process. in order to identify the spare parts required each machinery spare
arts given a code number

FUNCTIONS AND DUTIES OF STORES DEPARTMENT

The complete control on the materials is vested in the Stores Department. The field of
materials Management covers the following functions.
 Materials planning and programming of procurement and supplies.

 Purchasing

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  Inventory control

 Storekeeping and warehousing

 Materials handling and transportation

 Codification and standardization

 Value Analysis

 Identification, Disposal of supplies, obsolete and scrap materials.

PROCEDURES FOLLOWED
 Primarily purchase indent is entered by the person in charge of the department where
the requirement arises proper authentication is to be obtained in the indent
 This indent is forwarded to the purchase assistant and the material is purchased By
following the prescribed procedures
 ones the purchase process is completed and goods reach the company entry is made in
gate inward register with details such as order number ,quantity, variety, place from
where is comes
 Next the details of materials entered are noted down in the catalogue book

MATERIALS INWARD NOTE

MATERIALS inward note consists of the nature of material the department in which it
is required and the quantity of materials given is materials given is entered in the issuing
note/quantity invoice number, place from where it has come.
After entering necessary details in the inward note signature is obtained on the
intimation slip from the respective person who has asked for the material.

MATERIAL ISSUING NOTES

Once the signature is obtained the material are issued to the department. Where it is
requires and the quantity of material given is entered in the issuing note.

BIN CARDS

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 A bin card is a card in which the receipts and details are entered. For each department
separate code numbers are given. As and when the materials enter the store the quantity of
receipt is written in the card meant for respective department and when issues are made it is
notes against the receipt and balance is also noted.
In order to make payment against the bill for the material purchased the material inward
note, intimation slip and the bill be submitted for the bill to be passed.
The stores department as well as purchase department will never get commence from
banks commercial taxes, central excise and other similar department. The unit is following
CENVAT System (MODVAT) right from its inception. All the materials are stocked in state of
art manner as required by the QS / ISO formalities.
They have to been followed the first in first out system

2.4 HUMAN RESOURCE DEPARTMENT

Management is to “MANAGE – MEN – TACTFULLY“through there are other major

organizational function such as financial management etc. it is undoubtedly the management of
the human resources that provides all other organizational function.

In short human resources department is that part of the total management of an

organization which specifically deals with human resources in respect of:-

a) Their procurement

b) Their Development in terms of skills, knowledge & attitude

29
c) Their motivation towards the attainment of organizational objectives by creating and
maintaining an organizational limit conducive to such development.

2.4.1 FUNCTIONS OF HR DEPARTMENT

1. Human Resource Planning

2. Budgeting

3. Job analysis

4. Recruitment

a) Internal Recruitment

b) External Recruitment

Promotion

Empowerment

a) Internal Recruitment Transfer

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 Training and Development

Performance appraisal

b) External Recruitment:- Advertisement

On the gate

Sourcing

31
 Screening

Interview

Offer

Reff. Check

Medical

Line mgt. Decision

Recruitment

2.5 FINANCE DEPARTMENT

PURPOSE

To maintain all the books of accounts properly and also to maintain the flow of funds and
debts.

DEPARTMENT CHART

GENERAL MANAGER
Finance & accounts

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 Deputy Manager Deputy Manager
Accounts Finance

Accountant Treasurer
head

Accountant Accountant Accountant

2.5.1 LAYOUT OF FINANCE DEPARTMENT

GENERAL MANAGER
Finance& accounts

Deputy Manager
Deputy Manager
Finance
Accounts

Treasurer
Accountant 33
Head
PROCESS

The day to day transactions are entered in the various subsidiary accounts such as journal,
cash book, ledger under respective accounts and others such as sales, purchase, profit and loss
A/c, balance sheet, etc. Everything is systemized in the company.

Once in the accounting period the accounts are audited through the authorized external
auditor and internal audit once in 3 months.

FUNCTION

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 The finance department has the main functions of

 Estimating the requirement of funds

 Framing the suitable sources of funds with optimum cost and bearable risk
 Monitoring the usage of funds
 Finding an alternative use of excess funds

2.5.2 BANKING ASSOCIATES

1. HDFC Bank Ltd.

2. South Indian Bank

3. State Bank Of India

4. Syndicate Bank

5. ICICI Bank

2.6 COMMERCIAL DEPARTMENT

Commercial department acts like oil in the machine for the organization. It has to be
performing various activities related to the money required for running the business successfully;
also it has to take various important decisions which are mostly irreversible in nature.

The commercial dept. of company is totally handled by the higher authority of the corporate.
Basically it includes different financial concept like Excise duty, service Tax, dispatching of
products.

35
 Commercial department is very keen and sensitive department because it is concerned with
the each and every department. In commercial dept. the transactions related to the co. are done.

When the orders are given by the customers, the process of transaction starts. There is some
documentation which is very important to do in the commercial dept. It deals with the accounts,
dispatching, indirect taxes etc.

2.7 QUALITY DEPARTMENT

Quality assurance department actually deals with final product that is assuring its quality or
rather maintain its quality to the best this assurance of quality to the best. This assuring of quality
is given either in process of manufacturing itself or after the completion of the product. Thus
there are two main types of quality assurance namely.

1. Line quality assurance

2. Inward inspection

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Line Quality assurance:-

In line quality assurance, frequent checking or inspection is done of any part during the
manufacturing process. Here any part is taken and then tested, if it gives positive or desired result
then it is proceeded further. But if the result is not positive then there is a through inspection is
tested again & again. In this checking process eight to ten people are involved.

Inward inspection:-

The inward inspection is done when the parts are purchased from the vendors The parts
which come from vendors, are inspected properly by the inspector or engineer or technician and
then if it is ok then the part is allowed to go to the production department. If the part is found
faulty in the first inspection, the whole bunch of the parts are sent back to the vender and asked
for new one.

2.7.1 QUALITY POLICIES

At VEEYES, we lay emphasis on total quality. Our Quality program encompasses all the
processes right from the inception of the customer's casting design to the delivery of quality and
flawless products to the complete satisfaction of our customers. All our production employees
follow job specific process instructions.
Quality Assurance personnel, using our written Quality System, Constantly monitor and
document all general processes to continuously narrow process deviation limits.

 VEEYES has approval of Lloyds for witness pouring, testing and certification

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  VEEYES at present exports valve castings to European market under 3.1 B certification

 VEEYES can also export under 3.1A and 3.1C certification for castings under TUV on
requirement of the customer

Objectives

 Maximizing on - time delivery.

 To continually improve casting quality by upgrading skills, processes and

infrastructure.

 To reduce customer end rejections and complaints.

 Employee development through proper training.

 To continually improve our environmental performance.

2.7.2 FACILITIES AVAILABLE FOR QUALITY

Chemical testing

Optimal emission direct reading spectrometer ARL 3460 Swiss make with 26 channels
and full- fledged chemical laboratory to perform wet analysis. Facilities to determine ferrite
content according to E562.

Physical testing

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 Equipped with 20tones universal testing machine, Brinell hardness tester and portable
dynamic hardness testing equipment & impact testing machine capacity 0-300 joules charpy
calibrated under witness of TUV & IBR.

Sand testing

With complete range of sand testing equipment for testing AFS number, moisture
content clay content etc.

Non destructive testing

In house facilities for ultrasonic testing, magnetic particle testing and dye penetrate
testing available radiography with testing ir. 192 and cobait-60 source available at our approved
subcontractors. Evaluated by level- II persons certified as per SNT TC IA.

Corrosion testing

Equipped with image analyzer to find corrosion testing as per ASTM G$* method-A at
400x magnification.

2.8 MARKETING DEPARTMENT

Marketing has its origins in the fact that man is a creature of needs and wants. Needs and
want create a state of discomfort in persons and they tend to get object those needs and wants.
The size of the market depends upon the number of persons who have both:
1) An interest in the product and
2) Are willing to offer something in exchange of products
Functions of marketing Department:-

A) Marketing

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  Product management

 Product promotion

 Market Intelligence

B) Sales co-ordination

 Price conformation

 Sales statistics

 Co-ordination with regions for sales & execution

C) After Sales service

 Complaint Registration

 Co-ordination with QA for site

 Commissioning support
2.8.1 Major customers

Owing to the quality of our products and service we render, we have earned the
conviction of many clients in both domestic and international front.

Within INDIA

 AUDCO INDIA LIMITED

 BHARAT HEAVY ELECTRICALS LIMITED (Valve Division)

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 DRESSER VALVE INDIA LIMITED (Coimbatore)

 ECONO VALVES LIMITED

 FISHER SANMAR LIMITED

 KAKATHI KARSHAK INDUSTRIES (P) LTD (Pump Manufacturers)

 INSTRUMENTATION LIMITED

 KENT INTROL PRIVATE LIMITED

 K. S. B. PUMPS LIMITED (Valve Division)

 MIL CONTROLS LIMITED

 ORBINOX INDIA PRIVATE LIMITED

 SAMSON CONTROLS PVT LTD., (Thane)

 VIRGO ENGINEERS LIMITED

International Clientele

 DRESSER ITALIA S.P.A., Italy

 DRESSER PRODUITS INDUSTRIES S.A., France

 NIIGATA MASONELIAN CO. LIMITED, Japan

 Wm.W.MEYER & SONS, Inc., U.S.A

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 HOLTER REGELAMATUREN GMBH & CO.KG, GERMANY

 MASONEILAN., AVON, USA

 GOODWIN STEEL CASTINGS, U.K

 MOKVELD VALVES, MALAYSIA

 S & V INDUSTRIES, USA

 OLIVER TWINSAFE, UK

 FMC TECHNOLOGIES, USA

 OLIVER VALVES, UK

3. CULTURE & CLIMATE OF Co.

The culture & climate of this co. is very favorable and friendly to employees. The
different department’s works smoothly in the way of achieving organization’s goal together.

The Co. has many employee encouragement scheme Employee of the year award etc. It
also takes care of the employee’s job-satisfaction which is the most important thing for the
success of any organization.

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 There are no barriers between superior and subordinate, any worker or employee can
directly meet or communicate with the top level management having any grievances.

There is no special treatment for top level management, which brings equality among
employees and they become devoted to the organization.

Employees of veeyes alloys do not feel any work pressure, they are free to do their works
without any load. This healthy climate and culture of Co. simply attracts the employees towards
the Co. The success of any organization depends much more on its “Culture & Climate”.

4. Occupational Health & Safety Policy

VEEYES ALLOYS castings are committed to prevent any accident or mishap in our
premises by providing all necessary body protective wears, equipments, training, information,
proper layout and environment.

Objectives

 To achieve 'zero' accidents level.

 To prevent wastage of man-days due to accidents and loss of income and misery of

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 the employees.

 To prevent loss of production due to accident.

Environmental Policy

VEEYES ALLOYS castings are committed to protect the Environment by Continually

Improving our Environmental Management System practices by

 Complying with the Legal requirements, Standards and Procedures.

 Minimization and Prevention of Pollution, Energy Conservation, Reduction, Recycle,

RE-use and Proper Disposal of Waste.

 Promoting awareness towards Conservation of Natural Resources

 Such as Energy, Water, Oils, Sand and Compressed Air.

 Communicating the policy to all employees and to make it available to the interested
parties.

 Improving Work Environment.

 VEEYES ALLOYS are committed to prevent accidents by following safety practices

and providing Healthier Working Environment.

5. SWOT ANALYSIS

Strength:
 Effective innovative skills

 Employee participation in Decision Making

 High quality products

 Experienced and skilled personnel

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Weakness:
 Due to high quality products prices are high which can be The advantage
of competitors

Opportunity:

 Globalization of market is the best way to access the Whole world

 Veeyes alloys can better exploit the cheep resources as well as the skilled
employees.
Threats:
 Competitors can take the advantages of high cost

 Changing buyer needs

6. CONCLUSION

For an MBA student a learning combination of theory and practice is an invaluable asset
which helps in understanding the core principles of Business by the way of firsthand experience.
this in plant- training in VEEYES ALLOYS (P) LTD. has given me such a great experience
about all the managerial functions, which is going on in the company. It also helped me to
understand the exact mechanism of working of the various departments. after completing this in
plant-training I could be able to understand much more about the VEEYES ALLOYS (P) LTD.

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 This knowledge will help me well to establish myself in the corporate world after completing
my academic session.

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