GENERAL INFORMATION

Information

Name of Company : KADVANI FORGE LTD.

Date of Incorporation : 01-08-1995
Date of Commencement : 02-08-1995
Registered Office & Works : Kadvani Forge Ltd
GIDC Lodhika, Plot no.: G/1326-27,
Kalawad Road, P.O. Khirasra,
Dist. Rajkot. Gujarat. (INDIA).
Pin – 360 003.
Corporate Office : Niraj Appartment,
22 New Jagnath,
Rajkot. Gujarat. INDIA.
Pin – 360 001.
Telephones : Regd: +91-2827-87264 / 70 / 71.
Corp: +91-281-465416.
Fax : Regd: +91-2827-87263.
Corp: +91-281-466762.
E-Mail : forge@kadvanigroup.com
jamuarjk@hotmail.com
Web Site : WWW.kadvanigroup.com
Gram : KADVANI
Board of Directors : z Kishor Kadvani Managing Director
z Ashok Kadvani Director
z Jayant Jumaur Technical Director
z Dharmesh Panchani Director
z Bhavesh Vegda Director
Company Secretary :
Bankers : Bank of India
Auditors Kalaria & Sampat
Working Day : 300
Working Hours : 8 hours
No. of Shift : 3 Shifts
Weekly Off : Wednesday
Accounting Year : 2002-2003
Manufacturing Product : _ Connecting Roads
_ Craft Shafts
_ Cam Shafts
_ Rocker Arms
_ Steering Knuckle
_ Drop Arms
_ Shifter Levers Crown Wheel and Pinion
_ Universal Joint Cross

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_ Spiders
_ Ball Yokes
_ Flang
_ Hooks
_ Shackles
_ Links
_ Cones
_ Shafts
_ Tooth
_ Pipe Fitting

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 Know About The Company
History & Development
Ever since the evolution of mankind on this on this planet its progress is continuous. From
the Stone Age to the present era of high-tech development, one factor i.e. creativity has
remained the same.

While talking of industrialization and development of revolutionary era in India. We will be

dumb and deaf, if we make mistake of neglecting the most basis significant industry i.e. the
“Forging Industry”. It is a doorstep to modernization.

What Is Kadvani Forge Ltd?

KADVANI FORGE LTD. is promoted by an industrial Entrepreneurs Group having a track

Record of achievements the character of group by its product & service, a priceless
performance asset, achieved its success not by accident, but by sheet hard work, dedication &
foresight, by the people who work for it.

KADVANI FORGE LTD. was established as a Small Scale Industry and date of it’s
Incorporation is August 1.1995 & had received its commencement certificate on August
2,1995. After that in the year 1996-97 it has started its commercial production.

Huge potential in the field of foreign evinced great interest & paved the way for KADVANI
FORGE LTD. KADVANI FORGE LTD’s plant situated in the outskirts of Rajkot, in the
state of Gujarat, incorporates a Full Fledged Forge shop, die shop, Heat Treatment Plant, and
Metallurgical Lab all under one roof.

KADVANI FORGE LTD., with their skilled, dedicated & experienced team of personnel,
caters to the quality demands of customer with timely delivery as per their requirements to
diverse Indus tries viz. Automobiles, Tractor, mining, Ea rthmoving, Electric Transmission,
machine tool etc.

KADVANI FORGE LTD. understand the quality parameters demanded by the leading
OEMS & believing in the philosophy of prevention rather than detection, adopts quality, the
main tool to every activity undertaken in the plant, right from sources of raw material to final
products.

Testing carried out at own self- sufficient laboratory, equipped for…

Chemical Analysis.
Universal Testing-Tensile, elongation, yield paint, reduction in area etc.
Impact testing – Charpy / Izod
Hardness-Brubekk / Rockwell Macro & Macro structure, Manetic Cract Detection.
Dimensional full fledge std. Room with all types of precision instrument.
Fabrication of Dies all Tooling is an intricate and Precision job.
Forging Drawing are developed & modified to customers.
Requerement & suitability got approved.

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KADVANI FORGE LTD. have the expertise & the know- how to develop dies for any type
of component to be forged within specified period to fulfil delivery commitments & have the
following additional facilities.
Tool & Gliter Grincler.
Copy Miling Machines.
Electric Discharge Machine.

KADVANI FORGE LTD’s total installed capacity is 10,000 M/tons per annum & produce
forging varying from 0.500kg. To 20kg.

Looking to the total quality aspect as well as productivity & timely supplies KADVANI
FORGE LTD. have below mentioned facilities:
Double acting Polish Hammer of 36KJ. Blow Energy.
Double acting Russian Hammer of 110KJ Blow Energy supported by:

Full Fledge Heat Treatment facility for normalizing, annealing, solution treatment with
precise temperature control system.

KADVANI FORGE LTD. manufacture Forgings to customer drawings & specification, in

carbon, alloy & stainless steel & supply them in as Forged, Heat-treated, Partially of Fully
machined condition.

E.g. Connecting Rods, crank shaft, Rocker Arms, Steering Knuckle, Drop arm, Shifter
Levers, Crown Wheel & Pinion, Universal joint cross, spiders, Bell Yokes, Flange Yokes,
Hokes, Shackles, Cones, Links, Shafts, Tooth, Pipe Fitting. Kadvani Forge Limited was
registered in the year 1995 to supply quality forged products to the OEMs.
Our production capacity has increased multifold from 960 Tonnes/Year in 1997 to 10,800
Tonnes/Year in 2001. Our qualified & experienced team of professionals achieved quality
working conditions at all levels (design, tool room management & execution). We at Kadvani
Forge achieved The ISO 9002 certification in January 2000.
We have developed 293 different types of functional - non- functional components within a
span of 4 years (i.e. one new item / week.). We manufacture various types of components like
Connecting Rods, Crank Shafts, Cam Shafts, Gear Blanks, Pinion, Crown Wheel, Gear
Shifter Fork, Torque Converter Cover, Universal joint components, Bucket tooth and many
more intricate components.

In the first year of its operation, the company has marked loss but it is due to the high
depreciation and recession period all over the world. In running year, the company has
exported its industrial product in U.S.A. and it is well accepted. This export order will
minimize the loss of the company. And further the company is hopeful of getting other export
orders by their sincere efforts. Company’s strategies pertaining to its production process and
to its quality control is well known both domestic and in abroad companies.

Thus the company has very bright future in their forging business.

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 Objective of Company
Objective lie at the very heart of strategy implementation. They identify precisely what must
be accomplished each year to achieve the organization’s Strategic goal.
In the process, they also provide managers with specific target for the coming year’s
performance. The objective of KADVANI FORGE LTD. Are listed below.

Satisfied Customer
Prime criteria of the company are smiling customer. The company believes those satisfactory
customers are the assets of the company, which keep the business flourished and developed
stage by stage and day-by-day. The company understands that this objective cannot be
accomplished by accident but by minimizing the customer complaints. So KADVANI
FORGE LTD. Will reduce the customer complains by 10% in next 1 year in terms of orders
v/s complaints. The company believes that there is only one boss in the company and that is
ultimate customer.

Continuous Improvement Quality And

Productivity.
The company is trying to improve their quality and productivity in order to minimize the loss.
KADVANI FORGE LTD. will keep the rejection level (quantity wise) below 2% in the next
year. And they will increase the productivity by 10% in the next one year with the help of
technology, statistical techniques, manpower, sharing, knowledge and training the sub-
ordinates and workers for better work environment. All the operations are under direct
supervision of professionals; sure of them having practical experience of over 23 years in the
field of forging, assisted by a qualified and experienced team thereby assuring you of quality
and precision products.

EARNING FOREIGN EXCHANGE FOR THE NATION THROUGH EXPORTS.

KADVANI FORGE LTD. Will increase the foreign earnings in the year there is earning in
Foreign exchange is $86,744

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 Promoter & Managing Group
The Doyen of the Kadvani Group Shri Lakhabhai Vithalbhai Kadvani is a well-known
personality of Gondal taluka in Rajkot District. He is a born manager who has never
taken any formal lessons on management. He has just set some golden rules for the entire
group. In the management of business, high standards of quality and in the management
of personnel, trust, integrity and proper utilization of the skills have been the main
guidelines.

His successor Kishor L Kadvani inherited these qualities and added his own values to the
business. Besides entrepreneurship he extended his abilities towards various programmes helpful
to the society. Initiative, modern approach and materializing unseen visions are his
characteristics. Not only did he achieve a high target by becoming a number one agent of LIC of
INDIA of Jetpur branch with business of more than 45 Lacks of Rupees (1980) but also he
reached out to the physically handicapped people of society. Shri Kishor L Kadvani gave the first
finance company from Saurashtra listed in the Bombay Stock Exchange and shortly thereafter-
introduced Kadvani Forge Ltd. Within two years of its introduction the company has been
accredited for ISO 9002 Quality System.

The Third Generation Kadvani, young Mitul Kadvani who is leading the groups venture in IT,
aims to make Kadvani Itech an international player in the Information Technology Business.
Quality oriented management, business ethics and very high regards about his skilled resources;
he creates the right work environment. He assures inspiration as well as quality achievement all
the time. To remain ahead of the times are his constant goals.

Kishor Kadvani Managing Director & Chairman

Ashok Kadvani Director - Production
Jayant Jumaur Director - Technical
Dharmesh Panchani Director - Quality Assurance
Bhavesh Vegda Director - Final Inspection & Maintenance

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 Form of Organization
The following forms of organization carry on MODERN BUSINESS.

Forms of Business Organization

Private Enterprise Co-operative sector Public sector Enter price

·Sole Trade ·Co-operative society ·Government dep.
·Partnership firm ·Co-operative store ·Government company
·Company Org. ·Statutory Corporation
->Private company ·Statutory Board
->Public company or Commission

In India we have adopted the pattern of mixed economy where in we have two distinct sector
private enterprise & Public enterprise. Public enterprise means ownership & Management of
public & Government i.e. government department, semi Govt. etc. Private enterprise means
ownership & management or control by Individual or group of individual.

Private Enterprise
1. Sole Trader.
2. Partnership
3. Company
ü Public co.
ü Private co.

Kadvani Forge Ltd is a Public Ltd company.

Definition Of Company
The Indian companies act 1956 ,According to case Smith vs. Anderson,1880 15 ch. D. 274
it was observe that “ a company, in board sense, may mean an association of individuals
formed for some purpose”.

The word ‘Company’ is Derived from Latin, COM=with or together; PAINS=bread. And
originally referred to an association of person who took their meal together.

Characteristic
1. Independent Corporate Existence
2. Perpetual Succession
3. Limited Liability
4. Transferable Share
5. Separate Property
6. Power to Sue and Sued

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 Advantage
1. Corporate Personality
2. Limited Liability
3. Perpetual Succession
4. Transferable Shares
5. Permanency of Capital and Protection
6. Capacity to Sue]
7. Flexibility and Autonomy

Disadvantages

1. Formalities and expenses

2. Corporate disclosure
3. Divorce of Control from Ownership
4. Greater Social Responsibility
5. Greater tax Burden in certain Cases

Kinds Of Company
The Companies Act, 1945 places a variety of companies at the disposal of promoter. The two
basic type of companies may be registered under the act are:
A. Private Companies.
B. Public Companies.
These Companies May be:
I. Limited by Shares
II. Limited by Guarantee
III. Unlimited Companies
Companies may also be Classifies as:
(A) Association not for profit having license under sec.25 of ICA
(B) Government Companies
(C) Foreign Companies
(D) Holding Companies
(E) Subsidiary Companies

Private Company [section 3(1)(III)]

By virtue of section 3-1-iii, a private company means a company which by its articles:
A. Restricts the right to transfer its share. If any,
B. Limit the no. of its members to 50 not including (i) Person who are in the employment
of the company, (ii) Person Who, having been formely in the employment and have
continued to be member after the employment ceases
C. Prohibits any invitation to the public to subscribe for any share in, or debenture of the
company .

Word “PRIVATE LIMITED” must be added in company name.

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Public Company [section 3(1)(iV)]

According to ICA “Public Company Mean a company which not a private company”

ü Minimum number of member must be seven. [Sec.12 (1)]

ü Maximum Number unlimited. [Sec.3 (1)(iii)(b)]
ü Number of Director must have at least 3 directors.[Sec.252(1)]
ü Must Prepare Memorandum of Association
ü Must Prepare Article of Association

KADVANI FORGE LTD. Is a Public Limited Company. KADVANI FORGE LTD. is

registered Under the Indian Companies Act 1956 with the Companies Registrar In year 1997.

Scale
Classifications according to Capital Investment
in Machinery
A. Tiny scale Industries or cottage Industries
[Capital Investment less than 60 lakhs (> 60 lakhs)]
B. Small Scale Industries
[Capital Investment More then 60 lakhs & less then 3 crores
i. (>60lakhs & <3crores)]
C. Medium Scale Industries
[Capital Investment More then 3crores & less then 5 crores
(3 crores> & <5 crores)]
D. Large Scale Industries
[Capital Investment More then 5 crores (5 crores >)]

Scale of organization is determined by the capital investment done by a business unit i.e.
fixed assets & working capital etc.

KADVANI FORGE LTD. Is a LARGE SCALE INDUSTRY Meaning that Investment is

more than three crores.

Classification according to Production

A. Heavy Industries: -
Heavy Industries are those units where the Production period is very long i.e. six months
to three years

B. Light Industries: -
Light Industries are those units where the Production Period is less than six month.

In this classification Industries define by their Production period is means a time gap between
Procurement of Row materials to completion of production.
KADVANI FORGE LTD. is light Industries because its production Period is very less.

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 Bankers
Bank in clued in commerce means the business is producing commodity is not complete until
it has reach to the consumer certain services like banking, transportation, Insurance etc. are
necessary. Exchange of goods make with help of ancillary services. Bank is financial
Institution, which makes financial transaction.

Bankers of KADVANI FORGE LTD.

ü Bank of India

Auditors
According to companies act every company must have to make audit by the Chartered
Accountant of the financial report. After sign of CA. only Annual Report is published.
Auditor’s are-

ü Kalaria & Sampat

Kalaria and Sampat is very reputed and big firm. They also handle all Legal matters of the
company i.e. Company Secretary and solicitor and advocate.

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 Sister Concern
Kadvani Groups Have many in many industries and field which is as flows.

Ø Kadvani oil Mills:.

In 1965, The Kadvani Group was born. The patron Shri Lakhabhai Vithalbhai Kadvani,
introduced Kadvani Oil Mills. Kadvani Chemicals followed this maiden adventure in 1981,
which in turn lead to Kadvani Securities in 1995. One more limited company followed its
trail namely Kadvani Forge limited in 1995. The year 2000, brought with it Kadvani Itech –
The latest venture of the Group .

When Kadvani Chemicals was launched in 1981, it immediately became a pioneer in the field
of manufacturing Precipitated Silica in India. This being an import substitute product helped
save a lot of foreign currency. Again the rubber product market was conquered when clients
like Hoechst Limited, Elgi, Shree Hindustan Latex and many others became the buyers of the
product. A brand name Kad-Sil was established in the market. The plant was modernized,
expanded and shifted to Jamnagar on the banks of Arabian Sea. In spite of huge demands
High Quality has never been compromised.
Ø Kadvani Securities Ltd:.:
The formation of Kadvani Securities Ltd. was brought about when Mr. Kishore L. Kadvani
became the member of Saurashtra Kutch Stock Exchange. It is listed at the Bo mbay Stock
exchange and the shares of the company are still actively traded.
Ø Kadvani Forge Ltd.:
Looking at the immense growth potential in the automobile industry, The Kadvani Group
promoted one more limited company named Kadvani Forge limited. In a couple of years its
popularity surged in the forging market. The Railways, Defense, OEM like Mahindra &
Mahindra, Bharat Earth Movers Limited, Greaves Limited as well as large auto part
manufacturers of Rajkot like Amul Industries, SAR Auto products Limited, Kisan Auto parts
Limited are its reputed clients. This manufacturing company as also been accredited and
certified for ISO 9002, Quality System in the company by TUV management, GMBH of
Germany. 30% of its total production is exported to USA, Australia etc.
Ø Kadvani Itech (A Division Of Kadvani Securities Ltd.) :
The introduction of Kadvani Itech gave a lot of diversification to this group. The information
Technology business of the 21st Century lured the third generation Kadvani’s to explore and
gain once again. Training, Development, Solutions and services related to information
technology covers a large part of present activity. Diversification to Web development, e-
Business and E-Mail suite, Knowledge Management, Data warehousing and mining,
Networking and Telecommunications, Consultancy and Software Development makes the
Itech maestro a well-equipped player in the IT arena.
Ø Kadvani Chemicals
This is company which is started earlier from KADVANI FORGE LTD. Which is chemical
producing company which is also a very important company given by the Kadvani Group.
Ø Devhari Exports
This is Exporting Company, which is, and transportation filed which also plays a vital role in
this filed in Rajkot, which is given by a Kadvani Group.

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 Time Keeping System
In Modern era “TIME IS MONEY” means time is very important factor for every one. Every
one has to walk with it otherwise they will leave behind. In the changing era of ours , time
factor plays very important role.

KADVANI FORGE LTD. Have a Computerised punch card system. As the workers comes
they has to punch the card so that time is noted. The card has all the details of the employee.
He also has to punch the card when he goes out of the unit. So his going time is noted too.

For Office Employees

8:00 AM To 1:00 PM
1:00 PM To 2:00 PM (Recess)
2:00 Pm To 6:00 PM

For Workers
8:00 Am To 4:00 Pm (First Shift)
4:00 Pm To 12:00 Pm (Second Shift)
12:00 Pm To 8:00 Am (Third Shift)
On Wednesday they are having a holiday what generally having in all industries. On
Thursday Shift changing on rotation

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