Profile RATNAMANI TECHNO CASTS LTD.

(RTCL) is born to a family of reputed industrial pedigree RATNAMANI METAL & TUBES LTD (RMTL). RMTL is one of the most reputed manufacturers of Stainless Steel Tubes & Pipes and Carbon Steel Pip RTCL manufactures Precision Investment Castings through Lost Wax Process. RTCL is equipped with in-house facilities from Design and Manufacturing of Dies / Tools and Castings, all under one roof. We develop and manufacture castings of specified quality level as per customer material specification, drawing, design and technical requirements The plant is geared to manufacture investment castings, from few grams to 60 Kgs. single piece weight in various grades Carbon Steel, Low Alloy Steel, High Alloy Steel, Stainless Steel, Duplex Stainless Steel, Precipitation Hardening Steel; Nickel & Cobalt base alloys etc We cater to both indigenous and export requirements for various Industries / OEMs like Pumps & Valve manufacturers, Automotive, Defense, General Engineering, Aerospace application, Textile, Pipe Fittings, Architectural & Decorative Fittings, Chemical and Food Processing. We export our castings to countries like USA, U.K., Italy, Switzerland, France, Norway etc.

Ratnamani Techno Cast Ltd., now popularly known as "RATNAMANI", came into existence in the year 1985. The genesis of RATNAMANI's birth and growth is: ACCEPTING CHALLENGES. The planned growth has transformed two separate units-one for welded ss pipes & tubes and the other for seamless ss pipes & tubes- into a multiproduct, multi-location public company. RATNAMANI has carved a niche as the preferred single-point source for a wide range of casting Products

We are one of the leading manufacturers of casting Products in India in various S.S.Grades such as 304, 304L, 316, 316L, 316Ti, 321, 410 etc., conforming to different ASTM and DIN standards. Company's large diameter EFsW pipe range extends up to 1500 mm dia. and 20 mm wall thickness conforming to ASTM A-358 & A-409 in all classes. The SAW Pipe Division of the Company manufactures long seam and circ-seam large diameter pipes ranging from 16" OD to 127" OD. RATNAMANI's Quality Management System conforms to ISO9001:2000, PED, ADW2, EXPORT HOUSE, BOILER, API5L/2B. More over products undergo various stringent inspection and testing stages, at the up-to- date in-house facilities, such as Hydrostatic, tensile and various other Mechanical Tests, Non Destructive Tests, Chemical & Corrosion Tests before they are released for the customers. This assures high value quality of Products. The human resource base of RATNAMANI is dedicated and motivated team employees, who are well qualified and trained to ensure quality and timely delivery to meet the requirements of the Customers. RATNAMANI's goal is to reach sales turnover of Rs. 5000 million by 200607,by becoming a GLOBAL PLAYER who is committed to satisfaction of stakeholders. This is epitomized in Corporate Philosophy: "Excel in whatever you do" and "Prosperity through performance.

Name of Enterprise:Ratnamani Techno Cast Limited Address:Sstp Division:Ratnamani Techno Cast Limited Survey No: 769, Ahmedabad Mehsana Highway Near Chhatral 382729, Gujarat (India) Phone - +91-2764-232254 / 232263 / 233763; Sp Division:Plot No: 3306 To 3309 GIDC Estate, Chhatral Phase IV Ahmedabad Mehsana Highway, Chhatral 382715, Gujarat (India) Phone - +91-2764-232234 / 233919 / 232409; Mumbai Office:No. 9 Lion House, Dr. Deshmukh Lale, Nanubhai Desai Road, Mumbai 400 004 India Phone: +91-22-2380 2591 / 2 / 3 / 4 Regd. & sales office:17, ramugat society, Naranpura char rasta, Ahmedabad 380013, Gujarat (India) Phone - + 91-79-27415501 / 2 / 3 / 4

Introduction of company Ratnamani Techno Cast limited. As the name it suggests that it is a private limited company. It lies in large scale industry. It was incorporated under company act 1956. The organization manufacturing department is located at chhtral GIDC Gujarat (India) and registered office of company is situated at ragmugat society, naranpura char Rasta, Ahmedabad 380013, Gujarat (India). The firm was established with the objective to carry on business as buyer, seller, supplier, agent, exporter, importer, manufacturers, developer, distributor, in all kind and types of pares material and articles including of metals and tubes. The way of performance at ratnamani is by struggle, trial & error and learning by experience. They struggled initially to raise financial resources, but have now managed the same by way of equity of director and share holder. The firm manufactures flexible laminates product, which are totally machinery made. They are produced according to the specification and requirement of customer thus with the increase in volume of business. It because necessary for the company to perform marketing externally.

Development of Ratnamani 1985 Commenced production of Stainless Steel Welded Pipes & Seamless Tubes, as twin small-scale units. 1991 Established facilities for manufacturing Stainless Steel Electric Fusion Welded [EFW] Pipes. 1993 Listed on Mumbai (BSE) & Headband Stock Exchange (ASE) 1995 Commenced production of Submerged Arc Welded [SAW] Pipes 1997 Received API 5L Monogramming License 1999 Commenced production of Stainless Steel Tubes for Automobile Exhaust Systems. 2000 First Mobile plant, for Narmada Canal Pipe Line Project under Government of Gujarat. 2001 Quality Management System accredited to ISO 9002 Under Lloyds Register Quality Assurance (LRQA).

 Addition of API 2B Monogramming License

2002 AD 2000 - Merkblatt W 0 Certification under RWTUV Recognition as a well known Tube / Pipe Maker under IBR 2003 Pressure Equipment Directive [PED] Certification under LRQA Approval from Nuclear Power Corporation of India Limited for the Supply of Critical Instrumentation Seamless Tubes & Primary Piping for Nuclear Reactors Up-gradation of ISO 9002 Certification to ISO 9001-2000 under LRQA 2004 Delivered Duplex Stainless Steel Seamless Tubes as per SA 789 / UNS 31803 and UNS 32205 Officially Implemented Safety, Health & Environment Policy [SHE] Enhancement of Current Capacity by establishing new manufacturing facilities @ Kutch, Gujarat 2005 Commenced manufacturing of Welded Cold Drawn Duplex Steel Tubes as per SA 789 / UNS 31803 and UNS 32205.

Board of Directors

Our Directors are experts in the diversified fields of engineering, human resource development, business strategy, finance and economics. They review all information relating to significant business decisions, including strategic and regulatory matters. Every member of the board, including the non-executive directors, has full access to any information related to the company. Mr. Prakash Sanghvi Chairman & Managing Director Mr. Prakash Sanghvi has vast business experience in the metal industry. He leads the core team that is driving the company's growth and transformation from a company predominantly selling Tubes & Pipes to achieving its vision of becoming a technology-led global engineering company. Mr. Sanghvi has played a vital role in the company's evolution. He has been the architect of the company's projects and expansion strategy. He has helped create new platforms of growth for Ratnamani increasing shareholder and societal value while decreasing the company's environmental footprint. Mr. Jayanti Sanghvi - Whole Time Director Mr. Jayanti Sanghvi is one of the key members of the core team responsible for creation and setting up of Development Centre, Resources, Staffing & Training, Facilities & Infrastructure Management and Administration. Mr. Jayanti Sanghvi is constantly focused on process improvements for enhancing productivity.

Mr. Shanti Sanghvi Whole Time Director Mr. Shanti Sanghvi is a thought leader on marketing strategy and customer related issues in India, helping organization develop marketing strategies. He is stationed at Mumbai handling marketing activities. Mr. D C Anjaria Director Mr. Anjaria is an independent professional Director on the Board of the company having stupendous experience in the field of international finance and corporate finance. Mr. Anjaria is an IIM MBA, and has worked with Citibank and UTI. Dr. Vinodkumar Agrawal - Additional Director He is an independent non-Executive Director on the Board of the Company. . Bankers Dena Bank Punjab National Bank State Bank of India IDBI Bank Limited Auditor M/S Meheta Lodha & Co. (Chartered accountants)

Introduction Production / operation management is the process, which combine and transforms various resources used in production / operation subsystem of the organization into value added product / services in a controlled manner as per the policies of the organization. Production / operation function, therefore, is that part of an organization, which is concerned, with the require output (product / service) having the requisite quality level. Production is the hart of the organization. So to sustain and development in todays competitive business era, a company needs to develop a quality product and maintain consistent quality to retain, win and satisfy customer. Minimizing waste, effective utilization of resources, increasing productivity and maintain the qualities of product are some of the main concern of production department, which would help to bring down the cost of production, increase the margins and to have an edge over the competitors.

PRODUCTS
Maximum Linear Dimension upto 450 MM Maximum weight upto 60 Kgs Standard Normal Tolerances Normal linear tolerances of investment csting starts with +/- 0.10 mm to +/- 0.25 mm for sizes up to 25 mm. +/- 0.10 mm for each addition of 25 mm thereafter Premium tolerances require additional operations. We can achieve very close tolerances on functionally important dimensions. The tolerance achieved will depend on the alloy and

configuration of the castings. The same can be determined in consultation with our Engineering Wing and mutually agreed upon

Application: Pumps & Valves Components Automotive Parts Defense General Engineering Aerospace Textile Machinery Chemical and Food Processing Pipe fittings Architecture & Decorative Fittings

Investment Castings Process Investment castings (Lost Wax Process) process is universally accepted as one of the most efficient and economical manufacturing technology for production of precision and intricate metal components and articles

Manufacturing Facilities Product Development

Product Development Facility is integrally backed by fully-equipped tool room for design and development of complex/intricate shapes, Dies, Fixtures, Gauges etc. CNC / VMC machines are used for precision dies with multi cavity.

The Facilities are : o o o o o o Pentograph for markings Milling Machine Precision Lathe Machine Precision Drilling Machine Surface Plates and Set of Tooling & Measuring Instrument Spark Erosion Machine

Processes
Wax Section
Equipped with modern & semi automatic hydraulic system Wax Injection machines to handle production of high volume wax. Wax Pattern / Assembly shop is fully air-conditioned for controlled environment

Ceramic Moulding
Centrally air-conditioned and humidity controlled shell room equipped with set of slurry investment drums, sand faller machines to stucco the Wax Assemblies, the de-waxing system and trays for reclaiming the melted wax.

Melting Section
Temperature controlled oil-fired shell / mould firing & pre-heating furnaces; most sophisticated High Frequency Induction Melting Furnaces having capicity of 200 kgs, 150 kgs, 100 kgs and 50 kgs. These different size crucible furnaces enable us to cater the castings for high alloy, cobalt and nickel based alloys.

Heat Treatment
To undertake Annealing, Normalising, Stress releaving, Hardening, tempering etc. for all types of metals & Alloys. Heat Treatment furnaces calibrated as per API 6A having maximum attainable Temperature up to 1200oC and are Equipped with time-temp. cycle recorder.

Fettling
Specially designed Knock Out and Cut-off Equipments are used to clean and cut castings from the tree.

Introduction Effective organization are not built merely on investment and but more so on the quality of their workforce, their commitment to the goals of the investment made to organization and attract, train and retain superior human resources. Management of organization is management of human resources. In modern business organization employee hold a key place in business. No business enterprise can exits and function without employees. The success of business enterprise depended to a large extent on the willingness and ability of the organization a lot in terms of money but may generate alienation and frustration among employees.

Recruitment & Selection In todays highly complex and complication situation, choice of right personnel has far-reaching implication for an organization. Employees well selected and well placed would not only contribute to the efficient of the organization but also offer significant potential for future replacement. Hence, building and maintaining an effective human organization becomes one of the most important management functions. The first stage in selection is makes the variance known to a large number of this knowledge, potential application would write to the organization. The process of

attracting people to apply is called recruitment. It is deferent from selection, which begins after recruitment has ended. While recruitment is a process of attracting technology, though tow teams are different, in common language they are often used interchangeably. In the Ratnamani industries employees are being recruitment with the source of news paper, personal consultants and factory gate. They invite the general public and various selecting tests are being made and then they are taken into job. In the Ratnamani selection of employees or workers done according to their qualification and his position is made after seeing his qualification. Employees well selection and well placed would not only contribute to the efficient of the organization but also offer significant potential for future replacement. Induction When a candidate is finally selecting, he is issued the appointment latter and is asked to join the organization. Induction process is to introduction a new candidate in the organization. The guidelines of working condition and rules & regulation of the company should be understood to him. He should be introduces with the follow employee and welcomes as a new member of the organization. In RATNAMANI there is nothing like any specially induction process but they follow simple induction programmed new employee about work environment and necessary information is provided so that he can easily adjust himself with the organization. Updating A significant objective of training is to prevent the obsolescence of the employee by updating their skill and knowledge. The jobs of employee are not static. Training becomes necessary to update them, to teach never skill so that there efficiency does not

suffer because lack of the understanding of new technology. Continuous training would help the employee to cope with changes and train organization viability as well.

Preparing for future assignment People are not satisfied if they continue to work in the same position for long. Mobility is a life. One of the objectives of training is to provide and employee as opportunity to climb the promotion ladder. The company continuously gives him new exposure and training so he will be fit for future assignment. The outcome of this is that, though some of the employees are not only matriculation passed, they work for export documentation and are also able to negotiate with foreign parties.

Job analysis Job analysis was almost non-exiting three decades ago. The major trust behind job analysis has been the civil right movement, which requires the factors governing hiring and promoting should be job related. In simple terms, job analysis may be understood as a process of collecting information a particular job. The process of tow sets of data: (1) job description & (2) job specification. These data are recorded spared separately for references. Job analysis is the process of studding and collecting information relating to the operating and responsibility of a specific job. In RATNAMANI job analysis is very important of its HRM department, because the product manufacturing is highly diversified and technical. Thus production manager and supervisor do job analysis in order to get right person at right place. Wages & Salary

Wages policy refers to all systematic effort of the government in relation to national wages and salary system. It includes order, legislations and so on to regulate the level of wages and salary with a view to achieving economic and social objective of the government. Specifically, the objectives of wages policy are: To obtain for the workers a just share of the fruits of economic development. To set minimum wages for workers whose bargaining position is weak. To bring about a more efficient allocation and utilization if human resource through wages and salary differentials. To abolish malpractices and abuses in wages and salary payment. Wages and salary are determined on the basic of following ways: Time keeping system Time is also an important factor for the organization; all the activities and job are to be performed in a particular pre decided time. So good time keeping systems play a main role in the organization efficient and also for achieving its targets. The personnel department of ratnamani metals & tubes limited work in three shifts, each of eight hours, and so they have adopted the following timing Performance of employee Ability in work Regularity in work Profit of the company

shift 1st shift 2nd shift

Time 8 am to 4 pm 4 pm to 12 pm

3rd shift

12 pm to 8 am

Health, safety & environment policy Every single employees safety is the constant concern of Ratnamani. Every precaution has been taken to provide a safe workplace. We take safety seriously and are sincerely concerned for the health and well being of each member of the team. It is ensured that each employee working at Ratnamani receives safety helmets, safety shoes, safety glasses and a sound workplace. Ratnamani metals tubes limited are committed to maintain the safety, health and environment for all employees and society. This shall be the top most priority and concern. We have set the following objective with respect to safety, health and environment. .

introduction In the initial stage of company head to face so many problem for marketing, its and had incurred losses for two year. However it is matters of domination that company has been achieve its goal since that 5 year. It is because if change in marketing policies.

Now company has achieved good reputation its quality products and marketing department with an objective of creating customer, moreover company has to face so many problem to market. Its product in this monopolistic competitive is a very wider problem in any kind of business organization.

Meaning Marketing is a process of planning and executing the conception, pricing promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organization objective. Marketing is a societal process by which individuals and groups obtain what they need and want through creating, offering and freely exchanging product and service of value with other.

Market segmentation & targeting A company can not serve the entire customer. In the market as they are too numerous and diverse in their buying requirements. Instead if competing everywhere. The company has to identify the market segment that it can serve must effectively, and then target on or more of there segment and develop a product and marketing process tailored to

those segments. Thus instead of scattering their marketing effort, the cost can focus on the buyer whom they have the greatest chance if satisfying. Company has segment and targeted consumer market on the basis of the following variable. Geographical segmentation: Demographic segmentation: Psycho logic segmentation: Behavioral segmentation:

Product planning

Product planning is one of the most effecting factions in marketing department. The certain product planning refers the product should be marketed in which manner and style and what quantity this determine the market share and earning. RATNAMANI is doing the product planning by collecting the information from the market they get information from the two type of customer. Primary customers Secondary customers The primary customers means that purchase the product directly from the RATNAMANI like dealer, agent. The secondary customers means that purchase the product from the primary customers. For the product planning the RATNAMANI is taking the data given by the primary customers. The RATNAMANI is also meeting with the architects, dealers for the product planning.

Distribution channel

Distribution channel is the set of interdependent organization involved in the process of marketing product or service available for the use and consumption. Distribution channel of RATNAMANI is two & zero level. RATNAMANI have two type of customers. Industries Consumers RATNAMANI use zero level distribution channels for the industrial consumer. RATNAMANI use two level distribution channels for the consumer is under: Factory premise Dealer Agent Consumers

Advertising Advertising is a most simple way to increase the market and the customers of its product. In this way company increase sales and increase profit also. Purpose of advertising is a specific communication task and achievement level. There are many sources of advertising like T.V., radio, poster, free sample etc.

But in Ratnamani industry is not advertising because it is a manufacturing industry. It produces pipes and tubes. It does not need to advertise its product. It has a long relationship with the other industry so it receives big contracts of its product.

Sales of product Ratnamani Company is sales of its products to industrial customers. Following industries direct contract with Ratnamani for purchase the pipes & tubes. Refineries industry Textile industry Chemical industry Power plant industry Steel industry Fabricators industry Petrochemicals industry

Packaging

Everything from rough handling to extreme weather can damage Tubes and Pipes in transit. Some companies rush through packing and shipping, which can lead to severe damage to the products. At Ratnamani, we take special care in packing Tubes and Pipes and supply shipments correctly! Type of packing at Ratnamani is as follows: Bundle Packing Wooden Crates Wooden Boxes Special Wooded Boxes for U Tubes each radius separated Special Packing as per Customers requirement Other unique packing features: Ferritic / Martensitic Stainless Steel Heat Exchanger Tubes filled with inert gas (N2) in inside diameter and end caps plugged at both the ends. Sea worthy packing in wooden boxes with plastic sheet. Ends of tubes / pipes protected by plastic / metallic caps. Vertical separators for each radius Each bundle is covered with plastic. Customers can provide a packing drawing or Ratnamani can prepare a packing plan. Packing lists, covered with plastic, are placed on each wooden box for easy identification of order details including exact list of radii and lengths inside. Share price of RATNAMANI:-

A v g .s h a r e p r ic e in 2 0 0 6
100 80 60 40 20 0
Ap r Ma -05 y-0 Ju 5 n-0 Ju 5 l Au -05 g- 0 Se 5 p- 0 Oc 5 t No -05 v-0 De 5 c- 0 Ja 5 n-0 Fe 6 b Ma -06 r-0 6

Price

M o n th

In above chart we are seeing the share value of RATNAMANI. It is increase and decrease in the year of 2006. Share price of RATNAMANI is decrease in june-05 and after increase at last 90.93 Rs. In starting month its price is 25.68 Rs. It sees the RATNAMANI financial growth.

PROFIT & LOSS ACCOUNT

------------------- in Rs. Cr. -------------------

Mar '04 Mar '05 Mar '06 Mar '07 Mar '08 12 mths 12 mths 12 mths 12 mths 12 mths Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities

9.00 9.00 9.00 9.00 9.00 9.00 0.00 0.00 0.00 0.00 0.00 0.00 30.48 41.68 72.65 0.00 0.00 0.00 39.48 50.68 81.65 7.97 42.59 76.62 5.07 7.85 29.45 13.04 50.44 106.07 52.52 101.12 187.72 Mar '04 Mar '05 Mar '06

9.00 9.00 0.00 0.00 131.57 0.00 140.57 129.37 54.96 184.33 324.90 Mar '07

9.00 9.00 6.91 0.00 214.22 0.00 230.13 122.73 29.03 151.76 381.89 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs)

67.23 111.07 196.97 301.82 338.53 24.98 29.08 36.37 51.34 75.03 42.25 81.99 160.60 250.48 263.50 0.99 24.76 0.18 8.37 21.75 0.00 0.04 0.01 0.01 0.01 25.83 23.49 58.80 164.87 150.27 15.57 21.60 34.67 60.75 114.04 3.59 7.96 10.14 1.76 4.70 44.99 53.05 103.61 227.38 269.01 4.00 6.81 8.98 19.81 29.31 0.00 0.00 0.00 9.55 15.14 48.99 59.86 112.59 256.74 313.46 0.00 0.00 0.00 0.00 0.00 38.70 63.03 81.74 178.78 203.54 1.02 2.52 3.90 11.93 13.27 39.72 65.55 85.64 190.71 216.81 9.27 -5.69 26.95 66.03 96.65 0.00 0.00 0.00 0.00 0.00 52.51 101.10 187.74 324.89 381.91 36.07 106.28 43.86 56.31 86.27 192.81 233.53 90.73 156.19 248.02

BALANCE SHEET

Mar '04 Mar '05 12 mths 12 mths Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 134.34 15.64 118.70 0.39 -6.33 112.76 206.78 25.80 180.98 0.54 0.96 182.48

Mar '06 12 mths 349.92 30.80 319.12 0.79 18.44 338.35 226.50 8.89 14.36 10.14 14.53 1.92 0.00 276.34 Mar '06 12 mths 61.22 62.01 7.51 54.50 7.39 0.00 47.11 0.00 47.11 13.56 33.54 49.85 0.00 2.25 0.32 90.00 37.27

Mar '07 12 mths 614.73 43.49 571.24 5.80 52.55 629.59 432.04 12.43 23.88 8.73 15.21 3.75 0.00 496.04 Mar '07 12 mths 127.75 133.55 17.24 116.31 15.59 0.00 100.72 -0.99 99.73 35.55 64.18 64.01 0.00 4.50 0.76 90.00 71.31

Mar '08 12 mths 889.50 44.41 845.09 -8.50 -20.73 815.86 542.14 17.15 36.17 17.19 16.30 4.77 0.00 633.72 Mar '08 12 mths 190.64 182.14 18.91 163.23 23.83 0.00 139.40 1.93 141.33 51.30 90.03 91.59 0.00 6.30 1.07 90.00 100.03

Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs)

77.15 125.02 4.35 6.12 5.70 7.22 6.35 7.02 6.22 7.31 1.27 1.60 0.00 0.00 101.04 154.29 Mar '04 Mar '05 12 mths 12 mths 11.33 27.65 11.72 28.19 1.90 2.80 9.82 25.39 3.56 4.36 0.00 0.00 6.26 21.03 0.00 0.00 6.26 21.03 2.21 7.78 4.06 13.25 23.88 29.27 0.00 0.00 0.90 1.80 0.12 0.25 90.00 4.51 90.00 14.72

CONCLUSION The training of RATNAMANI TECHNO CAST LTD was memorable experience. I am fortunate to get opportunity to knows about the working and functioning of both the companies. The management had a positive attitude towards me and they tried best to provide me with proper guidance and complete information. I saw each and every unit completely. The unit people were very heritable and this encouraged working. And they have a good manpower for a work. The supervision unit co-ordination is simply versatile which a result of bright future is. There is co-ordination between workers and staff. The future is clean of the unit because of its effective management increasing turnover and high quality of its product so after observing such matters. I can say that the company has best delight, bright future for coming year.