Professional Documents
Culture Documents
To gain knowledge about the Six Sigma methodologies used for productivity
improvement.
Six sigma is an
Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar2014 2014 2014 2014 2014 2014 2014 2014 2014 2015 2015 2015
Production 1497
V46 Induct
Manufold
Sales
Domestic
Sales
Exports
Production
YTD
941
578 1178 1573 1720 1842 2141 2766 1550 1711 2034 19531
596
599
1016 974 1281 1392 1451 1491 2120 1601 1621 2263 16405
36
108
130
122
216
204
116
192
258
103
310
281
2076
1369 1659 1421 2432 3024 3688 4093 4129 4141 5140 5627 7293 44016
995
1044 2412 2516 2880 3367 3400 2698 3316 5777 5364 6959 40728
99
150
277
362
323
402
273
230
298
308
420
475
3617
UTD20
Sales
Induct
Domestic
90
57
78
65
88
69
76
81
142
158
102
120
1126
Sales
24
54
50
70
72
50
83
48
97
82
107
77
814
22
81
21
12
33
10
27
21
47
12
286
Manufold
Exports
Production
2956 2657 2077 3675 4685 5477 6011 6351 7049 6848 7440 9447 64673
Sales
Scutt
Domestic
Sales
Exports
Production
Sales
Total
Domestic
Sales
Exports
1615 1697 3478 3560 4233 4809 4934 4237 5533 7460 7092 9299 57947
135
280
488
505
551
639
399
449
577
411
777
768
5979
Dividend
Dividend of 150% (Rs.1.50 per share) for the financial year 2007-08 was approved by
the Shareholders at the Annual General Meeting held on July 30, 2008 and paid to the
shareholders.
The dividend warrants in respect of the above have been posted to all the shareholders
at their registered addresses with the Company/Depositories.
Direct Credit (ECS) to shareholders a/c has been arranged to those who have opted
for it.
Investors may provide details of their Bank Account i.e. name of the Bank, Branch &
A/c No. to Depository Participant (DP) in respect of their holdings in electronic form and to
the Company in respect of physical holdings to enable printing of the same on the warrant.
This will help to avoid any fraudulent interception and encashment of dividend warrant.
Warrant will be posted to the registered address, wherever dividend mandate is not registered
with the Company.
All NRI shareholders are requested to furnish to the company an address in India and
also the details of their Bank Mandate to facilitate credit of their dividend amounts directly to
the Bank.
The dividend declared for the year end March 31, 1995, which remained unclaimed
has been transferred to the General Revenue Account of the Central Government in terms of
the provisions of Sections 205A of the Companies Act, 1956.
Any dividend, which is transferred to Central Government, may be claimed from the
Registrar of Companies, Shastri Bhavan, 26 Haddows Road, Chennai 600 006, Tamil Nadu
(by filling up Form II pursuant to the Companies Unpaid Dividend (Transfer to General
Revenue Account of the Central Government Rules 1978).
Consequent upon amendment to Section 205A of the Companies Act, 1956 and
introduction of Section 205C by the Companies (Amendment) Act, 1999, the amount of
dividend remaining unclaimed for a period of seven years shall be transferred to the Investor
Education and Protection Fund.
As per the new Section 205C, unclaimed dividend for the years from 1996 to 2000
has been transferred to the Investor Education and Protection Fund. Amounts transferred to
this fund cannot be claimed.
Electronic Clearing Service (ECS)
- Reserve Bank of India has introduced Electronic Clearing Service (ECS) for
facilitating crediting of dividend directly to the shareholder's bank account. This facility
eliminates loss of dividend warrants sent by post due to pilferage in transit, delay in receipt of
dividend warrants and ensures quick credit of the dividend.
- Under this arrangement, the payment instructions would be issued electronically
through our Banker to the Clearing Authority (Reserve Bank of India) and the Clearing
Authority would supply credit reports to the Bank with which shareholder maintains the
specified Account and his/her bank will give instant credit to shareholders account.
Shareholders should avail ECS facility.
-Please furnish information as required in the format, accurately and complete in all
respects (Use separate sheet for each folio). The information will be kept confidential and
will be utilized only for the purpose of effecting payments meant for holders.
Listing
The Company's shares are listed on the Madras, Bombay and National Stock
Exchanges.
Based on shareholders' approval at the AGM held on 22.7.2003, the shares have been
delisted from The Stock Exchanges, Ahmadabad with effect from 15.1.2004, The Delhi Stock
Exchange Association Limited with effect from 23.1.2004 and The Calcutta Stock Exchange
Association Limited with effect from 25.4.2005.
The GDRs and FCCNs are listed on the London Stock Exchange.
The Listing Fee has been paid up to date, to all the Stock Exchanges.
The Privately Placed Debentures of the Company are listed with Bombay Stock
Exchange Limited and National Stock Exchange of India Limited.
Corporate Governance
The Board of Directors and the Management of Engineering Aids are committed to
the enhancement of shareholder value.
>
Through sound business decisions, prudent financial management and high standards
>
Another significant step has been the appointment of an Ombudsman to deal with any
references, complaints or grievances about the Company, its employees or its dealings.
If the suppliers, employees or customers have any suggestions on governance issues
or grievances or complaints on Engineering Aids practices - inclusive of its executives in
various functions - which they feel ought to be raised with the Ombudsman and not with the
usual channels of business, they may do so.
It is advised that the regular business dealings should be through the usual business
functional channels. The Ombudsman will not deal with them under normal circumstances.
The Ombudsman is Mr. N. Mohanakrishnan, a former Executive Director of the
Company, with an excellent understanding of Engineering Aids as an organization and its
functioning, having been with the company for nearly 30 years.
GEMBA
Gemba is a Japanese word meaning Real Place where the real action takes place.
In the manufacturing industry, there are 3 major activities directly related to earning money,
developing, producing and selling products.
product range with trucks from 7.5 tons GVW to 125 tons GVW. From 19 to 80 seaters a host
of special application vehicles and diesel engines from industrial Gensets and marine
application. Product profile can be broadly split into six categories viz. passenger, goods,
cargo, heavies, special Vehicles and Engines.
GEMBA KAIZEN
Three ground rules for practicing kaizen in Gemba.
1. House Keeping
2. Muda Elimination [Waste Elimination]
Waste of inventory
Waste of waiting
Waste of Motion
Waste of processing
3. Standardization.
GEMBA MISSION: N7i+1
New 7 initiatives and added one are:
1. Increase in the number of GEMBA
2. 5s [SEIRI,SEITON,SEISO.SEIKETSU,SHITSUKE]
3. EEI (Effort and Ergonomic index)
4. CMI (Cost management initiative)
5. Inventory Initiative
6. Critical machine uptime
7. Quality
8. Safety
Designation: UTD-20
Manufactured by:
Diesel engine
Specifications
Property
Value
Number of cylinders
150
300
ENGINE UTD-20
SPECIFICATION
Description Diesel
6 Cylinder V 120
Direct Injection
Four Stroke
Water Cooled
Rating
Bore/Stroke 150/150 mm
Specific Fuel Consumption
Starting system
Compressed air/Electric
Weight of Engine
665 Kg.
0.32 : 1 KW/Kg
1150 mm
Height
757 mm
834 mm
3. LITERATURE REVIEW
3.1 SIX SIGMA
The term Six Sigma originated from terminology associated with manufacturing,
specifically terms associated with statistical modeling of manufacturing processes. The
maturity of a manufacturing process can be described by a sigma rating indicating its yield, or
the percentage of defect-free products it creates. A six sigma process is one in which
99.99966% of the products manufactured are statistically expected to be free of defects (3.4
defects per million). Motorola set a goal of "six sigma" for all of its manufacturing
operations, and this goal became a byword for the management and engineering practices
used to achieve it.
The six sigma approach was first introduced and developed at Motorola in early 1990s. Later
in the mid-nineties, it was adopted by General Electric and Allied Signal. According to Jack
Welch CEO of GE "Six sigma is the most challenging and potentially rewarding strategy GE
have ever undertaken". Six sigma was originally centered on manufacturing improvements.
The reason for this was knowledge of the statistical tools in the manufacturing functions and
the ease with
Which we can quantify the benefits. However these improvements were not readily seen by
the customers. The approach was therefore broadened to all business operations.
Sigma () is Greek letter that is used to describe variability. In statistical quality control, this
means "standard deviation". Six Sigma quality level allows an off-centering of the process up
to 1.5 .
The properties of normal distribution:
the business impact is part of the methodology. Six Sigma projects are approved only
when bottom line impact is shown.
Human resources
Six Sigma utilizes full-time specialist in the projects contrast to part-time staff in the
earlier improvement approaches. Six Sigma emphasizes on training to Black Belts,
Green Belts, etc. Six
Sigma creates an infrastructure of Champions, Master Black Belts, Black Belts and
Green Belts that lead deploy and implement the approach.
Structured approach
In Six Sigma the deployment approach and structure are new. Six Sigma DMAIC and
DMADV methodology sequences and links in useful way key statistical and other
tools have been found to be effective in improving processes.