AN INDUSTRIAL VISIT REPORT ON

ATUL AUTO

Prepared by Jadeja Jaydeepsinh B. College Academic Year Class Roll No. Seat No. : : : : :
Smt. M.T. Dhamsania Commerce & B.B.A. college

2004-2005 S.Y.B.B.A. 11

Submitted to: SAURASTRA UNIVERSITY, RAJKOT

Guided by: Prof. Dr. Tushar Hathi

DECLARATION I, Samir Gohel P. a student of S.Y.B.B.A. of Smt. M.T. Dhamsania College of Commerce & B.B.A., Rajkot hereby declare this project report which has been carried out successfully under the guidance of Prof. T. R. Hathi and staff members. The project is based on the industrial visit to the ROLEX INDUSTRIES situated at Gondal Road, Rajkot. I am further declaring that this project report is not previously submitted to any college. Place Date : : (SAMIR GOHEL P.) RAJKOT

PREFACE In todays modern world, Market is becoming more and more competitive. In this crucial stage in order to sustain in market and dominate it, it is very much important that all the resources must be used economically and their use must be optimized. As such, Management is making its need felt in each and every part of the world. It is said that the art of Management is as old as human civilization. Management is an art of getting things done through other people. B.B.A. is one such management course through which any intellectual can acquire management knowledge through its principles and practical application. As such without practical knowledge every thing is useless. As such we are to prepare Project Report and take the knowledge of working of these principles. Through this we come to know the practical application of management principles which proves to be very helpful in becoming a successful manager. I believe that through this project report, all the above facts would be satisfied. I believe that my work will be satisfying and will fulfill the requirement of the university.

ACKNOWLEDGEMENT Through this acknowledgement I express my sincere gratitude towards all the persons who have helped my directly or indirectly in the preparation if this project. Without them my project work is not possible. First of all, I would like to acknowledge my sincere thanks to the director of Rolex Industries and all employees of company for sparing their valuable time, personal guidance, valuable ideas, never ending encouragement and willingness to be helpful whenever needed.

Signature (Samir Gohel P.)

INDEX 1. GENERAL INFORMATION 2. PRODUCTION DEPARTMENT 3. PERSONNEL DEPARTMENT 4. MARKETING DEPARTMENT 5. FINANCE DEPARTMENT 6. FUTURE PLANS 7. CONCLUSION

FIRM INFORMATION 1. Name of firm 2. Office & Plant : : ROLEX INDUSTRIES Rolex Industries, B/h Glowtech Steel Pvt. Ltd., Gondal Road, Kotharia, Rajkot 360 004. 3. Phone No. 4. Fax No. 5. Website E-mail : : : : : : : 360 406 0281-362376 www.rolexrings.com
rolex_wesphil@hotmail.com

6.

7. Area covered 8. Form of Org. 9. Size of unit

7500 sq. yard partnership firm medium scale

HISTORY & DEVELOPMENT Rolex industries was established in 1980 with initial capital of Rs. 7000. It was started by 5 brothers as a small partnership firm, but now it is one of leading forging plant in Rajkot (India). The firm engaged in the manufacturing of various types of forged rolled rings suitable for all types of bearings. Apart from forging, if required full furnished machine rings are also manufactured through C.N.C. route. Their efforts have resulted in coveted ISO 9002 certification in 1988 which stands for Quality Assurance in Production & Installation. Some of the achievements of Rolex which they have achieved so far.

SIZE & FORM OF ORGANIZATION Size of a unit is determined on capital basis. It is classified into three types: 1. Small Scale Unit 2. Medium Scale Unit 3. Large Scale Unit Rolex Industries is Medium Scale Unit.

FORM OF ORGANIZATION At the time of its establishment, the unit was a Pvt. Ltd. Company, but due to the need of additional capital they took a loan from bank. As such when their borrowed capital exceeded their ownership capital, its ownership got converted into Public Ltd. Co. However, it is interesting that even though its shares are not issued to public at large, it is considered as public ltd. Co.

ORGANIZATIONAL STRUCTURE An organization combines and co-ordinates individual as well as group effort in an enterprise. An organization structure is the machine through which management works to accomplish its objectives. Various jobs of the enterprise are integrated into an effective operating system to achieve the organizational objectives. Patterns of organizational structure 1. Line organization 2. Staff organization 3. Functional organization 4. Line and Staff organization 5. Project Organization 6. Committee Organization 7. Task Forces Rolex Industries has adopted Line organization. Line organization points out direct vertical relationships (SuperiorSubordinate relationships) connecting the positions at each level with those above and below. The relationships form a chain of command on a hierarchy of authority in an organization. Here authority descends from Top to Bottom while responsibility increases from Bottom to Top. All important/strategic decisions are made at top level only, which

are forwarded to Middle level for direction and finally to Bottom level for its execution.

TIME KEEPING SYSTEM In todays competitive world, it is very important that the use of time is optimized. Time is Money. This saying is perfectly justified. Thus, it is very important for the industries to use their time properly so as to succeed in the market. Because if time is wasted then production time is decreased this decreases the production which in turn decreases the profit of the Business unit. With changing time, there is also change in time-keeping system of the employees. Rolex Industries uses modern Punch Card System to maintain the time records of its 275 employees. This machine maintains the record on code basis. Every employee has a unique code. In this system, information such as date, entry time, exit time, etc. of workers are maintained. The workers work in 3 shifts which are as follows: 1st shift 2nd shift 3rd shift 7:00 a.m. to 3:30 p.m. 3:00 p.m. to 9:00 p.m. 9:00 p.m. to 5:30 a.m.

The 3rd shift is known as General Shift. All the shifts are of 8 hrs. The holiday is provided on every Wednesday.

PRODUCTION DEPARTMENT INDEX 1. MAIN PRODUCT 2. RAW MATERIAL 3. PRODUCTION PROCEDURE 4. MACHINES & CAPACITY 5. PRODUCT PLANNING & CONTROL

MAIN PRODUCT Rolex is manufacturing the industrial goods. They are manufacturing forged and machine rolled rings for all types of bearings. They have long manufacturing range which is as follows: RING ROLLING LINE: - 50 mm L.D. to 200 mm O.D. (Height max. upto 60 mm) COMBINED FORGING LINE: - 25 mm I.D. to 80 mm O.D. (Height max. upto 40 mm)

They are manufacturing as per the order of customers. If required by customer, they also offer finished machined rings, through C.N.C. machining route.

RAW MATERIAL Raw material plays a key role in the quality of the product. Without raw material, production process cannot be started. If the raw material used is of low standard, then the quality of the product will also be less. As such more weight must be put on the quality of raw materials. Rolex Industries uses Iron and Steel bars as their main raw material. These bars are of different size and shape. Other sources of raw materials can be forwarded as water, electricity, oil, etc. Sources of raw-material of Rolex Industries are as follows: 1. Steel authorize of India Ltd. 2. Import from China.
3.

Mahindra Ugine steel comp. ltd.

PRODUCTION PROCESS Production process: Raw Material: - Raw material like alloy steel & bearing steel are in a bar form. Bar Heating: - These bars are heated in induction heating furnace in 1150C temperature. Induction bar heating ensures fast, controlled, scale free heating with small temperature gradient between the care and the surface. Hot shearing: - After bars are heated, they are transferred to forging press for hot shearing and hot blank. Piercing: - After bars are cut into specified size, they are pierced and center punch is removed with the help of machines. Rolling: - Hot forged blanks are transferred to ring rolling machine and they are formed blanks in single or double posses, as required by the size & slope of the product. Sizing: - Roughly rolled rings are transferred to sizing press for calibrating rings dimension to exacting tolerances.

 Annealing: - After forge, the rings gets hard. Annealing is done to make the rings soft comparatively and after that micro structure & checked as per quality assurance plan (QAP). Shot blasting: - After the annealing is done rings are shot blasted in shot blasting machine. Shot blasting is done to make rings scale free. Proff machining: - Proff machining is done outside the unit. Rings are sent to vendors & they cut 1 part of ring to make the process easy. Proff machining is done, if required by the customers. Finish machining on CNC: - In CNC department finishing of rings is done through different equipments fixed in the machine. Packing: - After the process is completed, inspection is done and if the product is okay then it goes for packing. Packing is done according to the requirement. a. For domestic order: - corogated box. b. For export: - wooden box with corogated box & plastic wrapping

MACHINES & CAPACITY Rolex Industries is equipped with five ring rolling lines & one combined forging line. They are press and induction furnace, sizing press, pneumatic press, forging press and CNC machine. They have invested Rs. 4 crores in the machines. They provide for depreciation as per straight line method & rate of depre is 10% to 60% depending on capital goods. Maintenance & Repair: - They have their own facility of maintenance and repairing but in some cases if repariging is not possible, repariring work is done by outside subcontractors preventing maintenance schedule is maintained in house for forging plant. For machine annual maintenance contract is fiven to machine supplier. Capacity: - Rolex Industries is medium scale industry, has modern technology. So it has capacity to produce 6000 M.T. (installed capacity) and its utilized capacity is 5600 M.T. Capacity of machine is. Forging: - 9 million rings on ring rolling lines, 4 million rings on combined forging lines (annually) Machining: - 9 million rings.

PRODUCTION PLANNING AND CONTROL

Production planning is the key step in organizing the stock of the firm. It is very much important to decide the production level of the company. Because over production results in useless blockage of money. Also some of the products have a limited life span. In this case it proves to be more dangerous to the firm. Thus control must be established on production and its planning must be done in right way. In Rolex Industries, production planning and control are well organized. Products are made according to the demand of the customer. As such there doesnt arise the question of producing more stock than required.

DISPOSAL OF WASTE & WATER

In Rolex Industries iron pieces are the waste material. This waste is scraped & sole to steel plants and for water drainage system is there. There is no pollution created neither by chemicals not by any other waste. So it is not covered under pollution industries list.

PERSONNEL DEPARTMENT

INDEX 1. INTRODUCTION 2. ORGANIZATION OF PERSONNEL DEPARTMENT 3. RECRUITMENT, SELECTION & TRAINING 4. PROMOTION & TRANSFER POLICY 5. WAGES & SALARY ADMINISTRATION 6. PERSONNEL RECORDS 7. EMPLOYEE BENEFITS 8. PERFORMANCE APPRAISAL

INTRODUCTION

Personnel department refers to the management of manpower. It is being given more importance in todays modern management styles. It is also one of the most difficult functions to handle the man-power due to its vibrant nature. Man can handle the machines but it is difficult to handle the man due to its ever changing behavior. Now a day, there is a tendency to treat human resource as a separate organizational function like production, marketing, finance, etc. and managers tend to overlook their role in this though every manager has to perform vital aspects of this process. Managers should take personnel as an essential element of management process. If the firm succeeds in this area, it increases the productivity as the workers are more keep in their work as they would be rewarded for it by performance appraisal system. Thus personnel department includes all the activities related to personnel such as recruitment, selection, training, promotion, transfer, grievance handling, performance appraisal, man power planning, etc.

ORGANIZATION OF PERSONNEL DEPARTMENT

The organization of personnel department must be clear and well justified. In Rolex Industries the total control of personnel department is in the hands of managing director. The responsibility for this department rests in his hands. As we know that Rolex Industries follows Line Organization, the authority and responsibility flow downward and upward respectively. Following is the organizational chart of personnel department:

Board of Directors

Managing Director Resident Director Factory Manager (Personnel Manager)

Time Keeping Clerk

E.S.I. Scheme Clerk

P/F Scheme Clerk

Security Branch

Pay Sheet Clerk Peon

General Services Sweeper/ Gardner

Legal Advisor

PERSONNEL RECORDS

TOTAL EMPLOYEES: - Rolex has total 125 workers out of which 35 are unskilled, 13 are semi skilled & 90 are skilled. Besides this, they have 6 diploma holder, 7 engineers degree holder. DEPARTMENT WISE EMPLOYEES: Adminstrative department: - 20 workers Forged sho: - 6 workers Machine shop: - 6 workers Operators: - remainng workers UNIFORM: - In Rolex Industries uniform system is there for operators. They are planning to provide uniform to other workers also. MANAGING GROUP: Chairman Rupesh D. Madeka Marketing manager & General manager Manish D. Madeka Director Ashok D. Madeka

Director Jiten D. Madeka

Director Pinakin D. Madeka TYPES OF SKILLS: - Engineers, mechanical engineers, electricians, graduates in commerce, etc depending upon the nature of work and in CNC department, minimum qualification should be ITI passed.

INCENTIVES: - They are given monthly incentives based on performance of production. They are also motivated by giving yearly bonus and production bonus, loans, provident fund, graduity, housing facility, medical facility, yearly increment (6% app.) etc.

RECRUITMENT, SELECTION & INDUCTION

Recruitment and selection process starts after the identification of vacancies to be filled up. While recruitment is considered with the identification of sources from where the personnel can be employed and motivating them to offer for employment, selection takes care of choosing the most suitable personnel for employment. Flippo has defined recruitment as, Recruitment is the process of searching for prospective employees and stimulating them to apply for jobs in the organization. Thus the first step in recruitment and selection is the identification of sources of manpower supply. Here, it is very much important that right people are selected for right place, because if this is not done properly then that personnel of any specific department would not co-ordinate in smooth performing of that department. However, Rolex Industries follows the following steps in recruitment of its employees: For the selection of Top level Management, i.e. Managerial and Administrative level, advertisement is given in newspapers and magazines. In reply to the applications of prospective candidates, the company supplies its form which includes name, address, educational qualification, etc. of employees.

 After that, the company calls for the interview of all the prospective candidates in form of oral and some written tests. The company sees that the candidate fulfills the necessary requirement and finally medical test is taken. If the candidate possesses experience of the job, he is directly placed on it otherwise he is given training for the job. The middle level and bottom level, i.e. directing and working level are filled using internal sources, i.e. the employees of the company are given promotion on the basis of their performance and experience. In this way the middle level is filled up. The bottom level is filled up using the same way. For workers, the friends or relatives of the workers presently working in the company are employed or are employed from near by area. INDUCTION Induction is the process in which the new comer, i.e. newly selected employee is made aware of the surroundings, his job, his superiors and subordinates. The induction process in Rolex Industries is very systematic and well organized. This induction process is carried for 1 month and may vary as per the designation of the job of the employee. In induction process, the employee is welcomed with his ideas. All efforts

are made to feel him comfortable and to free him from his nervousness and give him a home like atmosphere.

PROMOTION & TRANSFER POLICY

Advancement within an organization is ordinarily labeled as promotion which involves a change from one job to another that is better in terms of status and responsibility. Ordinarily, the change to the higher job is accompanied to increased pay and privileges, but not always. The term dry promotion refers to an increase in responsibility and status without any increase in pay. There are two types of promotion, viz. horizontal and vertical promotion. In horizontal promotion, employees job classification remains the same, only his position is increased. PROMOTION In Rolex Industries, the promotion is given on the basis of experience and work quality. Generally, the top level officials are directly recruited. In the appointment of middle level officers, the appointment is done on the basis of giving promotion to bottom level employees. With promotion they are also given financial incentives and upliftment in job position.

TRANSFER As there is no other Production branch in the country, transfer is done from one department to other only. This

transfer is given to improve the efficiency of department by appointing the efficient persons of other department.

WAGE & SALARY ADMINISTRATION

Wage establishment

and and

salary

administration of

refers

to

the for

implantation

sound

policies

compensation. The basic purpose of wage and salary administration is concerned with the financial aspect of fund motivation do what they do to satisfy some needs before they do anything, they look to reward of pay of. In Rolex Industries wage and salary are fixed on the basic of qualification experience and working ability the employee. The payment of wage and salary is made at the end of the month. We can see that organization has adopted time wage system for the payment. The wage & salary administration is controlled by personnel manager but the resident director takes final decision regarding wages & salary.

EMPLOYEES BENEFITS

Employees

are

the

very

important

part

of

the

organization. Proper environment should be provided to employees, so that they can work efficiently. For the better living and working (condition)

environment, Rolex Industries have taken various voluntary & statutory welfare measures. The main facilities they offer to their employees are: HOUSING FACILITIES: - Rolex Industries have constructed its own small housing colony near its plant for their workers. Therefore the most running problem to settle down in the workers in remote area has solved. They have provided all basic facilities to their workers like sanitation, water, electricity, roads, drainage, etc. VEHICLE FACILITY: - Rolex Industries provides vehicle facility to seniors for office work. Free fuel facility is also provided to them. HOSPITAL FACILITY: - If any worker is injured during working on machinery, he is taken to the hospital including medical expenses are (in born) by the organization. EDUCATION TO CHILDREN: - Rolex Industries provides education facility to the children of employees. For that, they provide monetary fund. OTHER FACILITIES: - Besides the above given facilities, Rolex Industries also provides many more

facilities like free electricity & water, provident fund & gratuity (as per govt. rule), annual bonus, increment in salary, dearness, allowance, etc.

PERFORMANCE APPRAISAL In a group, members, consciously or unconsciously, make opinion about others. The opinion may be about their

quality, behavior, way of working, etc. Such an opinion becomes basis for interpersonal interaction. In the same way, superiors form some opinion about their subordinates for determining many things like salary increase, promotion, transfer, etc. In large organizations, this process is formalized and takes the form of performance appraisal. Performance appraisal in some form has existed in old days also. For example, Wei dynasty (221-265 A.D.) in China introduced performance appraisal in which an Imperial Rater appraised the performance of members of the official family. In its present form the New York City Civil Service adopted performance appraisal in 1883. Since then and especially after World War I, performance appraisal in formal way has been adopted by most of the large organizations particularly in business field. In our country too, large organizations adopt formal appraisal method. In Rolex Industries, the performance appraisal is done annually. Here secret record is maintained of all the employees. Noting is done regarding their work, discipline, performance, attendance, etc. After that after considering the above factors, the Personnel Manager gives promotion and transfer orders to the officials.

MARKETING DEPARTMENT INDEX 1. INTRODUCTION

2. PRODUCT PLANNING 3. SALES 4. SALES PROMOTION 5. COMPETITORS & CUSTOMER

INTRODUCTION In todays world, competition is increasing day by day. So, it is very difficult to sustain and dominate the current market by using traditional managerial techniques. In modern management, marketing is considered an important factor in the

selling of the product. In todays world, the consumer has many alternatives for a particular product. In such a situation, if the marketing of the product is not done well, then there are chances of its failure in the market even if the quality and efficiency of the product is good. Marketing can be described as the technique of launching the product in the market. It consists of advertisement, distribution channel, market segmentation, market research, etc. So in todays modern unit, there is a separate department known as Marketing Department which carries out the function of generating the demand of the product or services in the market. Through effective marketing, even if the product is a little bit low at quality, but it can still create its demand in the mindset of consumer.

PRODUCT PLANNING Product planning refers to the planning of the product which is to be launched in the market. It is decided after taking into consideration the needs and utilities of the consumers. Here, survey is carried out for finding out the needs and utilities

of the consumers. On the basis of that data, the information is given to the Production Department to produce such type of goods. Otherwise there are chances of product failure in the market as it would not be to the likes of the consumers. So it would result in loss. So as to prevent it product planning is carried out. The product planning is Rolex Industries is satisfactory and is diversified according to the needs of different consumers.

SALES Some basis information about sales of Rolex Industries are: -

 Daily sales: - Daily sales of Rolex Industries are approximately 10 lakhs pieces. Sales per annum: - Annual sales of Rolex Industries is 35 crorers pieces. Credit policy: - Credit policy of Rolex Industries is generally 1 month or it may be extended to 45 to 60 days. Discount/Allowance: payment.

Discount

or

allowance

to

customer depends on quantity demanded and terms of Taxes & Duties: o Sales tax 4% of value o Exercise 16% on product o Central sales tax (CSP) 6%

SALES PROMOTION Sales promotion is the technique of increasing the sales of a particular product by giving some monetary benefit to consumer or dealers so that they are motivated to take large

quantities of goods from the market. There are three types of sales promotion: 1. Consumers Sale Promotion In this, the consumer is given some discount or free commodity is given on the purchase of a particular commodity. 2. Dealers Sale Promotion In this, the dealer of the product is given free packing facility or is given discount if he gives bulk orders or achieves a specified sales target. 3. The mixture of the above two promotions is regarded as the third method of sales promotion in the market.

COMPETITORS & CUSTOMERS Competitors are the threats of the business organization. They are the hurdles in development and survival of business unit. But this competition is only responsible for quality goods

to customers. Now customers can get the better quality of goods and they have many alternatives for product. Competitors of Rolex Industries are Tata Iron & Steel Co. ltd., MIPCO and few Chinese manufacturers. In todays market customers are considered as king of market. The ultimate object of seller is to satisfy customer. It is said that produce what you can sell rather than selling what you have made. Some of prestigious customers of Rolex are: SKF bearing India ltd. National engineering India ltd. FAG bearing India ltd. NRB bearing ltd. Antifriction bearing corporation ltd. Timken India ltd. Austin engineering co. ltd. SKF do Brazil ltd. Brazil

FINANCE DEPARTMENT INDEX 1. ROLE OF FINANCE IN BUSINESS 2. ORGANIZATION OF FINANCE DEPARTMENT

3. BASIC INFORMATION 4. CAPITAL STRUCTURE 5. SOURCE OF CAPITAL 6. FINANCIAL STRUCTURE

ROLE OF FINANCE IN BUSINESS Finance plays vital role in any business. Finance is the life blood of any business. Without finance, unit is not able to perform any activity. In each and every stage, finance is needed whether it is establishment or day-to-day routine jobs or for development etc. It makes business activity feasible. The

success of organization largely depends on finance. It ensures smooth running of business activity. The function of finance deals with procurement of money at the time it is needed and its effective utilization in the enterprise. It has two important aspects. Efficiency, economy should be maintained while raising resource or getting loan or advances or overdraft from banking system. 2. Money thus raised should be utilized effectively and efficiently.

1.

ORGANIZATION OF FINANCE DEPARTMENT

In Rolex Industries, the supreme authority of carrying out financial decisions rests with Board of Directors. The finance department is under direct control of them. Following is the Organization of Finance Department in Rolex Industries: -

BOARD OF DIRECTORS MANAGEMENT DIRECTOR FINANCIAL CONTROLLER CHIEF ACCOUNTANT

TREASURER CLERK

TYPIST/

ASSISTANT CASHIER ACCOUNTANT

COMPUTER OPERATOR

BASIC FINANCIAL INFORMATION Initial capital Rs. 7000

Current capital Rs. 30 crores Turnover Rs. 25 crores

 Amount invested in fixed assets Rs. 12 crores Bankers or bank Oriental bank of commerce Auditor P.R. Lalchandani Accounting method Mercantile base Depreciation method Straight line method Depreciation rate 10% to 60% Interest on capital 18%

BASIC STRUCTURE Capital structure of company is made up of composition of capitalization, i.e. different types of capital acquired from different sources. It can be said that capital structure consists of mixture of borrowed capital and ownership capital.

CAPITAL STRUCTURE OF Rolex Industries; Banker Rs. 4 crores Relatives & Friends Rs. 5 crores 99 lakhs Partners Rs. 6.10 crores Total capital Rs. 16.10 crores

SOURCE OF CAPITAL Every business unit is in need of fixed and working capital according to its type and size, with the beginning of business. Throughout its existence capital is needed in business. The amount of requirement of fixed capital is more than that of working capital.

In this age of automation the industries have become giant sized. Because of their big size, their need for financial resources also becomes big one. This need cannot be satisfied by one resource only. Directors have to think of several sources for getting the required funds. They have option open for collecting financial institutions for borrowed capital and by issuing securities and by getting state help over and above ownership capital. Besides, it is also fact that established unit can create its own internal resource while doing its business activity. Sources of finance of short term and long term of Rolex Industries are banks like Oriental Bank of commerce and other financial institutions.

FINANCIAL STRUCTURE Trend analysis is the analysis of different variables at certain interval of time. The trend analysis of Rolex Industries is as under: CAPITAL ANALYSIS: -

Total capital

- Rs. 15 crores (of which)

Cash credit Bank loan

- Rs. 1 crore - Rs. 1 crore 10 lakhs - Rs. 2.8 crores - Rs. 2 crores - Rs. 6 crores - Rs. 78 lakhs

Bills purchasing facility Current liabilities Bills receivables Bills payable PROFIT ANALYSIS: -

Profit trend is 10% to 12% Ploughing back of profit is 60% Reserves & Funds is 30%

FUTURE PLANS Established business develops every year. Besides, due to changes in the demand, fashion, technology of production or due to induction of new machines or inventions. Modernization or changes become necessary.

Rolex Industries is going for major expansion by increasing the capacity from 5600 tones to 18000 tons by installing Japanese machine called Saka Mura and also going for value by adding the facility of heat treatment and grinding. Rolex Industries is already ISO 9002 company and is going for QS 9000, the quality system. They are also implementing enterprise resource planning (ERP) software for better planning.

CONCLUSION The last and final stage of this report is ending with conclusion. At the end of this report, we can easily understand that Rolex Industries is one of the leading firms in production of rolled rings for large scale manufacture of bearing industry.

It has most efficient and effective management system and this is the main reason behind its development. From the study of this report, it is very clear that Rolex Industries is quickly climbing up the ladder of success. This report is concluded with all the best wishes for the growth and prosperity of Rolex Industries in the coming years.