APOLLO HOSPITAL,TRICHY

Submitted by

SRINIVAS.R
Register No: 810816631030
In partial fulfillment for the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

IN

HALLMARK BUSINESS SCHOOL

TIRUCHIRAPPALI - 620102

JUNE 2017

SUMMER TRAINING REPORT

JUNE 2017
 HALLMARK BUSINESS SCHOOL

SUMMER TRAINING REPORT

JUNE 2017

This is to certify that the Summer Training Report entitled, “VELAN VALVES
COIMBATORE” is the bona fide record of training undergone by

SRINIVAS.R
Register No: 810816631030

of II – YEAR MBA during Summer 2017.

------------------------ -------------------------- -------------------------

Faculty Guide Academic Co-ordinator Director

Submitted for the summer training viva-voce examination held on __________

----------------------------- ----------------------------- -------------------------

Internal Examiner 1 Internal Examiner 2 Internal Examiner 3
 DECLARATION
I affirm that the Summer Training Report titled “AN OVERALL STUDY
ON VELAN VALVES COIMBATORE” being submitted in partial fulfilment
for the award of Master of Business Administration is the original work carried out
by me. It has not formed part of any other summer training work submitted for
award of any degree or diploma, either in this or any other University.

SRINIVAS R
Register No: 810816631030

I certify that the declaration made above by the student is true.

 ACKNOWLEDGEMENT

I wish to express my sincere thanks to the honourable Managing Trustee of

Hallmark Business School, Thiru. J Jeyaraman for providing an excellent
infrastructure that helped me in successful completion of my summer training.

I thank our Director Dr. R Ramesh MBA., M. Phil., Ph.D., for his positive
motivation and for allowing me to have access to the various academic facilities
of the college to enable me complete the summer training report on time.

I thank our Academic Coordinator Prof. K Muthukumar MBA., M.Phil.,

PGDCA., FDPM (IIM-A)., (Ph. D) for his professional support in successfully
completing the summer training.

I thank my summer training guide Prof. Ms.M.Buela Rose Faculty of

Management, for his valuable guidance and useful suggestions during the course
of my training.

I extend my hearty thanks to for granting me permission to

do summer training in his esteemed concern and helping me in understanding the
various functional areas of management and in getting the best learning
experience out of this summer training.
Above all, I would like to thank my beloved parents and friends who have
always been a source of moral support and inspiration in all my endeavours.
 TABLE OF CONTENTS

Chapter No. Description Page No.

Executive Summary

1 INTRODUCTION

1.1 Introduction to the Training Opportunity

1.2 Profile of the Company

1.3 Profile of the Industry

2 NATURE AND SCOPE OF THE TRAINING

2.1 Description of Business

2.2 Details of Manufacturing / Service Operations

2.3 Organization Structure and Functional Areas

2.4 Cross Functional Dynamics in the organisation

3 MANAGERIAL SKILLS DEVELOPED

3.1 Nature and Types of Managerial Skills Employed

3.2 Details of Activities Performed in Training

3.3 Learnings from the Training

3.4 Specific Skills Developed

4 CONCLUSION

Annexures

Details of Training Undergone (Chronological Diary as

4.1
per)
 EXECUTIVE SUMMARY

I recently have done my internship in VELAN VALVES COIMBATORE, in

which I got training from all functional areas. The internship basically revolved

around all the functional areas such as, manufacturing, Quality, maintenance. The

system, the style of working & the commitment of the employees in Velan is really

exemplary.

The difference between the success & failure is doing things right and doing things

nearly right, & Velan has always tried for success & that is why it is known to be

one of the leading companies in India as well as abroad.

In this report i have given a very brief review of what we have seen and learnt

during our internship. I have mentioned all these as I have made an internship as

according to the schedule. This report will give its reader knowledge about the

VELAN VALVES Industry

I have made it possible to write each and every thing that i have learnt here. I have

all our practical efforts in the form of this manuscript that’s the asset for our future

career.
 Introduction

Velan is a world leader in the design and production of a wide range of cast and

forged steel gate, globe, check, ball, triple-offset butterfly, knife gate, highly

engineered severe service valves and steam traps offering superior performance

across all major industrial applications. The company has 17 production facilities

including 5 plants in North America, 6 plants in Europe, 6 plants in Asia as well as

5 stocking and distribution centers. Velan’s network of channel partners includes

hundreds of distributors and service shops worldwide.

Velan’s main R&D interests include wear and corrosion protection for pipe and

valve application. Velan, with its headquarters based in Montreal, employs over

2,000 people worldwide. Specifically, Velan actively develops products for a broad

range of industries including: fossil, nuclear, and cogeneration power plants; oil

and gas; refining and petrochemicals; chemicals and pharmaceutical; LNG and

cryogenic; marine; mining; HVAC; geothermal process; subsea; and pulp and

paper. Velan also designs and manufactures highly engineered severe service

valves for special applications.

 Profile of the company

Velan is one of the world's leading manufacturers of industrial steel valves,

recognized as a standard-bearer in quality and innovation. The company was

founded by acclaimed inventor and entrepreneur A.K. Velan in 1950, and

continues to leverage advanced engineering capabilities and innovation to create

hard-working valves that meet critical industrial needs in the areas of power

generation, chemical and petrochemical, oil and gas, pulp and paper, mining,

cryogenic, and ship-building industries.

Velan's many product lines are grouped into the broad categories of: gate, globe,

and check valves; quarter-turn valves; specialty valves; and steam traps. Within

these product groups, Velan offers one of the most comprehensive product

offerings available from any valve manufacturer, in sizes varying from 1/2” to 60”,

with pressure ratings from vacuum to over 10,000 psi, temperature ratings of up to

1,500 °F, and availability of many material and design options. All of Velan’s

valves are designed and manufactured with quality as a priority, and incorporate

many unique design features for environmentally friendly performance, simple

maintenance, and reliable service.

Velan valves have an extremely broad installation base and are approved by major
companies worldwide. In addition, Velan has been an active and trusted name in

the nuclear industry since its inception, and has supplied valves to the vast majority

of nuclear power stations in the world. We are currently involved in the global

renaissance of nuclear power, focusing our design, applications, and manufacturing

resources on a market that projects a growing number of units to be built.

Today, the company has a global network of 14 specialized manufacturing plants,

including four in Canada and the US, five in Europe, and five in Asia. The

company’s global network also includes four stocking distribution centers and

hundreds of distributors and service shops worldwide.

We owe much of our success to the capability, experience, and dedication of our

employees who have made quality and innovation the cornerstone of Velan since

its inception. We concentrate on one business—designing, manufacturing and

marketing advanced technology steel valves in a broad range of types and sizes.

That’s why we can truly claim: Velan. Quality that lasts.

Profile of the industry:

Introduction

Manufacturing has emerged as one of the high growth sectors in India. Prime

Minister of India, Mr Narendra Modi, had launched the ‘Make in India’ program to
place India on the world map as a manufacturing hub and give global recognition

to the Indian economy. India is expected to become the fifth largest manufacturing

country in the world by the end of year 2020*.

Market Size

The Gross Value Added (GVA) at basic constant (2011-12) prices from the

manufacturing sector in India grew 7.9 per cent year-on-year in 2016-17, as per the

2nd provisional estimate of annual national income published by the Government

of India. Under the Make in India initiative, the Government of India aims to

increase the share of the manufacturing sector to the gross domestic product (GDP)

to 25 per cent by 2022, from 16 per cent, and to create 100 million new jobs by

2022. Business conditions in the Indian manufacturing sector continue to remain

positive.

Investments

With the help of Make in India drive, India is on the path of becoming the hub for

hi-tech manufacturing as global giants such as GE, Siemens, HTC, Toshiba, and

Boeing have either set up or are in process of setting up manufacturing plants in

India, attracted by India's market of more than a billion consumers and increasing

purchasing power.

Foreign Direct Investment (FDI) inflows in India’s manufacturing sector grew by

82 per cent year-on-year to US$ 16.13 billion during April-November 2016.

India has become one of the most attractive destinations for investments in the

manufacturing sector. Some of the major investments and developments in this

sector in the recent past are:

 IKEA, a Swedish furniture company, aims to manufacture more than 30 per

cent of its products in India in the coming years, stated Mr Patrik Antoni,

Deputy Country Manager, IKEA.

 Volvo India Pvt Ltd, Swedish luxury car manufacturer, will start assembly

operations near Bengaluru in India by the end of 2017. The company is

targeting to double its share in India's luxury car segment to 10 per cent by

2020.

 Berger Paints has entered into a partnership with Chugoku Marine Paints

(CMP), thereby marking its entry into the marine paints segment, which has

an estimated market size of Rs 250 crore (US$ 38.82 million) and is

expected to grow at 25 per cent annually for the next five years.

 SAIC Motor Corp, China's largest automaker, has signed a deal to buy

General Motors (GM) India's Halol plant in Gujarat.

 Dabur India Ltd set up its largest manufacturing plant globally, spread over

30 acres, at a cost of Rs 250 crore (US$ 38.82 million), in Tezpur, Assam,

which will produce Dabur's complete range of ayurvedic medicines, health

supplements, and personal care products among others.

 Apple Inc is looking to expand its Taiwanese contract manufacturer,

Wistron’s, production facility in Bengaluru, India, where it started

manufacturing iPhone SE in May, 2017.

 Panasonic Corporation, the Japan-based electronics company, plans to set up

a new plant at Jhajjar, Haryana, to manufacture refrigerators for the Indian

market, and a Research and Development (R&D) center for appliances

consisting of two technical divisions to strengthen its product development

in the country.

 BSH Home Appliances Group, the leading home appliances manufacturer in

Europe, inaugurated its first technology centre in India at Adugodi,

Bengaluru, which will enable the company to further develop localised

technologies for the Indian market.

 China based LCD and touchscreen panel manufacturer, Holitech

Technology, has announced plans to investing up to US$ 1 billion in India

by the end of 2017.

 Ashok Leyland Ltd has launched its circuit series electric bus, the first ever

electric bus designed and engineered entirely in India specifically for Indian

road conditions, with a capacity to travel over 150 km on a single charge.

 Tristone Flowtech Group, the Germany-based flow technology systems

specialist, has set up a new facility in Pune, which will manufacture surge
 tank as well as engine cooling and aircharge hose for the Indian market. The

company plans to start the production at the plant in the fourth quarter of

2017.

 Honda Motorcycle & Scooter India plans to invest around Rs 600 crore

(US$ 90 million) to add a new line to produce additional 600,000 units at its

Narsapura facility in Karnataka.

 Hindustan Coca-Cola Beverages plans to set up a bottling plant with an

investment of Rs 750 crore (US$ 112.5 million) in phases at the first

industrial area being developed by Government of Madhya Pradesh under

the public private partnership in Babai village of Hoshangabad, Bhopal.

Government Initiatives

In a bid to push the 'Make in India' initiative to the global level, Mr Narendra

Modi, Prime Minister of India, pitched India as a manufacturing destination at the

World International Fair in Germany's Hannover in 2015. Mr Modi showcased

India as a business friendly destination to attract foreign businesses to invest and

manufacture in the country.

The Government of India has taken several initiatives to promote a healthy

environment for the growth of manufacturing sector in the country. Some of the

notable initiatives and developments are:

 The Government of India has introduced several policy measures in the

Union Budget 2017-18 to provide impetus to the manufacturing sector.

Some of which include reduction of income tax rate to 25 per cent for

MSME companies having turnover up to Rs 50 crore (US$ 7.5 million),

MAT credit carry forward extended to 15 years from 10 years and

abolishment of Foreign Investment Promotion Board (FIPB) by 2017-18.

 The Government of India has launched a phased manufacturing programme

(PMP) aimed at adding more smartphone components under the Make in

India initiative thereby giving a push to the domestic manufacturing of

mobile handsets.

 The Ministry of Heavy Industries and Public Enterprises, Government of

India, has approved the setting up of four Centres of Excellence (CoE) in

areas of textile machinery, machine tools, welding technology and smart

pumps, which will help raise the technology depth of the Indian Capital

Goods Industry.

 The Union Cabinet has approved the Modified Special Incentive Package

Scheme (M-SIPS) in which, proposals will be accepted till December 2018

or up to an incentive commitment limit of Rs 10,000 crore (US$ 1.5 billion).

 The Government of India has removed the 12.5 per cent excise duty and 4

per cent special additional duty (SAD) on the manufacturing of point-of-sale

 (PoS) machines till March 31, 2017, which is expected to give a boost to the

cashless economy as more PoS machines will be deployed in the future.

 Ms Nirmala Sitharaman, Minister of State (Independent Charge) for

Commerce and Industry, has launched the Technology Acquisition and

Development Fund (TADF) under the National Manufacturing Policy

(NMP) to facilitate acquisition of Clean, Green and Energy Efficient

Technologies, by Micro, Small & Medium Enterprises (MSMEs).

 The Government of Uttar Pradesh has secured investment deals valued at Rs

5,000 crore (US$ 741.2 million) for setting up mobile manufacturing units in

the state.

 Government of India has planned to invest US$ 10 billion in two

semiconductor plants in order to facilitate electronics manufacturing in the

country.

Road Ahead

India is an attractive hub for foreign investments in the manufacturing sector.

Several mobile phone, luxury and automobile brands, among others, have set up or

are looking to establish their manufacturing bases in the country.

The implementation of the Goods and Services Tax (GST) will make India a

common market with a GDP of US$ 2 trillion along with a population of 1.2

billion people, which will be a big draw for investors.

With impetus on developing industrial corridors and smart cities, the government

aims to ensure holistic development of the nation. The corridors would further

assist in integrating, monitoring and developing a conducive environment for the

industrial development and will promote advance practices in manufacturing.

Description of business

History

 Founded in 1950

People

 Over 1,800 employees

Global network

 14 production facilities

o 4 plants in North America

o 5 plants in Europe

o 5 plants in Asia

 4 stocking distribution centers

 Hundreds of distributors worldwide

 Over 60 service shops worldwide

Focus

 Entirely focused on industrial valves

Product line

 A world-leading range of cast and forged steel gate, globe, check, ball, triple-

offset, knife gate, highly engineered severe service valves, and steam traps

offering superior performance across all major industrial applications.

Primary industries served

 Fossil, nuclear, and cogeneration power

 Oil and gas

 Refining and petrochemicals

 Chemicals and pharmaceutical

 LNG and cryogenics

 Marine

 HVAC

 Mining

 Water and wastewater

 Pulp and paper

 Subsea

Quality

 All major approvals

o ASME N stamp and NPT for nuclear valves (since 1970)

o ISO 9001 (since 1991), currently certified to ISO 9001:2008

o PED

o SIL certificates

o GOST (TR and RTN)

o API 6A and API 6D

o TA-Luft

o Quality programs fully compliant with ISO-9001, NCA 4000, ASME NQA-

1 and 10 CFR 50 Appendix B, surveyed by ASME and audited by NUPIC,

Northrop Grumman Newport News, DCMA, utilities, architect/engineers,

and other organizations from around the world

 Total Process Improvement Program, including Lean Manufacturing and Six

Sigma

Engineering

 Leader in valve design with many first-to-market innovations

 Extensive engineering, R&D, cycle test facilities, and stress analysis

 Proven ability to satisfy special project requirements

 Field Engineering Services

Production capabilities

 Leader in automated production

o CNC machines

o Multi-station transfer machines

Velan value

 Strong management team, stable company

 Products proven to offer:

o Low emissions

o Easy maintenance

o Long and reliable service

o Low total cost of ownership

o Quality that lasts

o Functional areas
 o External Auditors are the certified professionals to review the financial

statements of the company.

o In an organisation there are lot of trasactions involved,the y mainly check

the financial accuracy of what has been entered in the ledger ,journal.

o They used to go for sample bills which is involved with major transactions.

o Internal auditors check whether the company is acting according to the

policies or not

o The auditing company is “GRANT THORNTON” an US based auditing

firm.

o The auditing company should be approved by the top management.

o After checking the financial accuracy ,they issue annual report of the

company.

o It will be used by suppliers ,investors to understand whether the company is

doing well or not.

o It consists of balance sheet,income statement,and the cash flow statement.

IT department

 Telephone connectivity(BSNL ILL)

 The company has 4 servers,

 One for domain server

 2 apllication servers

 Bsnl ill->VPN->Montreal server access.

 Ipbx equipment used to call free of cost to montreal through

internet,for all the other plants free internet based communication.

 Microsoft 365 2016 version automatically upgradable

 For security semantic end to production is

 Antivirus is used for all users

 IT POLICY

 No pirated software

 Only licensed software

 Some times trial version may be used

 It applications,h/w,s/w,networking all these activities handled by It

department.

 EnGineering department

 They do

 3d Modelling

 Drafting

 Stress Calculations for the orders they receive from Head office

canada

 Once all these are done they will be sent for the verification.

 They will do analysis and approve the release.

 It can be a new design or modification of existing design

 Engineering Drawing is done by engg department according to the

customer specification and sent them for approval

Then the customers may give corrections and updated in the

drawing then sealed by customers to go ahead

 Marketing Department

 Customer will give “request for quotation “ to the company.

 Then the “RFQ” is sent to the sales team.

 Sales team forward it to the quotation team

 Once the quotation is prepared ,it will be sent to the customer.

 Customer review quote and convert it into purchase order and will

be sent back to sales team.

 After that purchase order wiil be sent to project management team.

They review the overall project progress of the company.

Purchase deparment

 Purchase request generated by Planning Department

 baSed on Purchase Request they have set of suppliers have to place

a purchase order
 Then they have to do enquiry with the supplier ,price

negotiation,choosing the best price from the supplier.

 They will also follow the suppliers to bring the material on time

 All the materials should be approved by the Quality depar tment

HR DEPARTMENT

 Selection and recruitment

 Policies and procedures

 Training and development

 Compensation

 Safety and health

 Performance Appraisal
Quality department

 It consists of two

Quality control

Quality assurance

In quality control

Here the inward is raw materials.

Line inspection will be done on that.

It means all the raw materials are checked whether it is according to the

specifications.

Customer will send the third party inspector to the company.

 The company people should support the quality team.

 Quality documents asked by inspectors will have to be prepared by

them .

 It has to be approved by the third party.

  Then these quality documents should be sent along with the goods.

 Each and every supplier ask for unique certifications.It has be sent

from the company side along with the goods.

Finance department

 It consists of two sub divisions

 Direct and indirect taxation

 Budgeting

 Costing

 Treasury

 General ledger

 Velan is a subsidiary of velan Inc montreal canada.

 Only for the capital expenditure they get money from the holding

company.
 For working capital needs they go for bank loans.

 Treasury consists of

 Staff salaries

 Expenses, DD, collections,Import payments,export

payments,supplier payments all bank related related activities

handled by treasury department.

 All budget should be reported to head office.

 It has to be approved by board of directors.

Learnings from the training:

I was able to learn the Corporate culture.In an organization dealing with

people is very much necessaryr.I have acquired the

Interpersonal skills during the internship period.Time management and

dressing sense are a part of corporate world.I have learnt those skills during

the period as well as the policies and rules specific to an industry.I was able

to match the concepts what learnt in the college with an industry.

MANAGERIAL SKILLS DEVELOPED

Cross functional dynamics in an organisation

In Velan Valves, each departments share their information and data’s which are related to other
departments. With this cross function dynamics, they can easily know about functions performed
by other department and still yet to be performed. In all the departments interlinked with each
other one cannot function without the another. Purchase department is dependent on the planning
department inorder to carryout their tasks such as purchase request.Then only the purchase order
can be placed.To bring the materials in quality department has to do the quality check.Sales
department generate the sale order. It is circulated to all departments.So that they can work
accordingly.The sales consists of project management team which is used to measure the overall
project progress in the company.They will be in contact with all the departments such as
quality,production so that they can measure the progress and generate sale order.Production
department always in contact with the stores department to know the stock level.It is very much
essential for the day to day production.Engineering department is responsible for producing
design of the product.They got approval from the top management and send it to the production
department.Finance department allocate funds for each of the process such as buying
materials,marketing activities ,employee salaries.They also record expenses and income.
 ORGANISATION STRUCTURE

Managing director

Finance marketing production quality Hr engg

DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR

EMPLOYEES,ENGINEERS,TECHNICIANS
 CONCLUSION
If the employers keep their employees happy, in turn they keeps the employer happy by
the increased productivity. Since, the chosen field is manufacturing sector, this statement
should be stated like “If the employer keeps his/her employees happy, in turn they keeps their
customers happy”. The Velan valves group is the leader in quality management and operation’s
management,people management among other manufacturing industries. These are the major
three core competencies of the organisation. They are moving with the trend, keep leading
position in the manufacturing business race and framing the trend for the followers.