Company Profile

Company Name : HYUNDAI TRANSYS LEAR

CEO : YEO-SU-DONG

Established Year : Hyundai Dymos Established in 1994 merged with

Hyundai Powertech and changed the name has
Hyundai Transys in Jan 2019.
Hyundai Dymos started in the year 2007 in Chennai.
Hyundai Dymos Leading Manufacture powertrain.

Group : Hyundai Motor group

Type of Business : Manufacturing automotive part

Product : Car Seats
Services : Seat Supplier
Mainely supplied to hyundai motor industry and
Ashok Leyland

No of Employees : 1320 in that 420 Staffs

Hyundai Transys has two plant

Plant I : Seat plant is in Irunkattukottai, Sriperumpudur

Plant II : Foam plant is in Papparambakkam Village
Foam is a part that is used for assembling the product.
The logo features embossed and depressed forms that symbolize the constantly changing and
evolving industry that our company is in. The triangular motif “Sky Tringle” has the below
symbolic meanings:
First, the new milestone in the auto parts industry
Second, an eco-friendly company
Third, technical capacity to tow the future of the automotive industry

The blue color of the logo type is the basic color of the Hyundai Motor Group, symbolizing trust,
professionalism, and the status as the leader of the auto parts industry
1994 : Incorporated Hyundai Technology Development

1997: Acquired the transmission group of Hyundai MOBIS

1998 : Officially opened the Seongyeon Plant

2001 : Officially opened the Jigok Plant

2007 : Constructed the Hwaseong Drive System R&D Center

Constructed the Dongtan Seat R&D Center

2006 : New subsidiary established in Czech [SEAT]

2004 : Acquired Hyundai Automotive (Currently renamed Hyundai Mseat)

Launched a line of seat products / New subsidiary established in Beijing, China

New subsidiary established in Michigan, U.S.A

2002: Merged Korea DTS and Korea Spicer

2015 : Established Beijing Office, China

New subsidiary established in Chongqing, China

New subsidiary established in Cangzhou, China

2014 : New subsidiary established in Monterrey, Mexico

New subsidiary established in Slovakia

Built Plant #2 in Seosan (DCT)

2012 : New subsidiary established in Sichuan, China

Acquired the transmission plant of Beijing Mobis

Established the Shanghai Office

Established U.S. Office, U.S.A

2010 :New subsidiary established in SLP, Mexico [SEAT]

New subsidiary established in Rizhao, China

2009 : New subsidiary established in Brazil

2008 : Acquired HLIP (Hanil Lear India Private Limited.)

New subsidiary established in Georgina, U.S.A

2007 : New subsidiary established in Chennai plant, India

2019: Changed company name to HYUNDAI TRANSYS

Merger between HYUNDAI DYMOS and HYUNDAI POWERTECH

2018 : Produced IVT

2017 : New subsidiary established in AP, India [Powertrain/SEAT]

Constructed the Dongtan Seat R&D test Center #2

2016 : Production of DCT

Produced front wheel 8-speed automatic transmission units

2015 : Acquired the transmission business of Hyundai WIA

The ‘Management Philosophy System’, which embraces the group’s core values and vision, is a
nucleus for every employee’s vision & goal for a better tomorrow. We share our Management
Philosophy, Vision & Core Values with our concerned parties to fulfill our obligations & promises.

We are committed to creating a new future and realizing the dream for mankind through creative
thinking & incessant challenges.
Based on its Management Philosophy - “We are committed to creating a new future and realizing
the dream for mankind through creative thinking & incessant challenges.”, Hyundai Motor Group
has implemented a wide variety of business activities in order to make sizeable contribution to the
society and thus become an admired corporation.

Vision
Together for a better future

'Together for a better future’ is our new vision, representing Hyundai Motor Group’s firm
commitment to the highest customer satisfaction, as well as sustainable growth. Our resource
circulating business structure generates synergy among business sectors - especially utomotive,
steel and construction - and creates new value by bringing innovation to customers’ lives in
diverse ways. With respect for people and the environment, Hyundai Motor Group will pursue
further growth in a way befitting a world leading enterprise.

Core values
The heart of Hyundai Motor Group will continue to pump up as it fulfills the core values through
its challenging spirit & passion.
As a pivotal spirit of Hyundai Motor Group, its management philosophy has been firmly engraved
on each employee. A great idea would be useless unless it is actually upheld and practiced. Our
core values are practical principles that guide us in fulfilling our management philosophy in day-to-
day business. True to our management philosophy and core values, Hyundai Motor Group will grow
global competency by putting customers first, embracing every opportunity for greater challenge,
creating a corporate culture based on communication and collaboration, and empowering
individuals to achieve their full potential.

In the words of CEO

HYUNDAI TRANSYS is a manufacturer of key automobile components including powertrain and
seats, growing into a global automotive parts company throughout its history. Since it was
founded, HYUNDAI TRANSYS made focused investments in R&D to acquire and internalize key
technologies, and through the merge of HYUNDAI DYMOS and HYUNDAI POWERTECH in January
2019, the company successfully established a full lineup of powertrain models, becoming a leader
of the next-generation power train products.

In addition, HYUNDAI TRANSYS focused on developing seats and other parts, which led to the
creation of core technologies for seats installed in Hyundai Genesis models, as well as the
development of a world-class technical capacity to lead the global autonomous vehicle market.

HYUNDAI TRANSYS will continue to make an effort to ensure a future with sustainable growth,
in addition to fulfilling its duties and roles as a good workplace and a business growing with the
community.
Core Values

Customer
We promotes a customer drive corporate culture with all values centered on
our customers

Challenge
We embraces every opportunity for greater challenge and who is confident in
achiving our goals with unwavering passion and ingenious thinking.

Collaboration
We creates synergy through a team sprit that is fostered by mutual
communication and cooperation

People
We creates a corporate culture that respect talent and who acquires the
expertise through constant learning and self improvement.

Globality
We aspires to be the world best at what we do and strives to become a
respected global corporate citizen
Vision
To achieve to billion dollars revenue and become one of the top 30 global
automotive suppliers by 2020.

Management Philosophy
Realize the dream of mankind by creating a new future through ingenious
thinking and continuously challenging new frontiers.
Unlimited sense of responsibility
Realization of possibilities
Respect for mankind

Objectives of the study

 To Study the organization system and its various functional areas.

 To have a practical knowledge of the application of the management theories
 To have The real life knowledge of an organization through various
department
 To identy areas where there can be scope for improvement
duties and responsibilities of department head

 Provide direction to managers in planning and executing assigned projects.

 Work with managers to support new business development opportunities.
 Develop best practices to achieve department goals.
 Ensure that all staffs follow department policies and procedures
 Analyze any department related issues and provide immediate resolutions.
 Organize trainings to improve technical skills of department staffs.
 Schedule regular client and department meetings.
 Develop department budgets and establish cost reduction initiative.
 Maintain existing customer base and identify and develop new customers.
 Build productive and long term relationships with customers.
PRODUCT

Powertrain is a device that delivers the energy from vehicle engine to the wheels. Transmission, axle and
4WD devices in power train are being produced based on optimal design to assist efficient driving.
Vehicle seats are vehicle parts where diverse technologies for safety and convenience are integrated and
organically connected. Our best laboratory for seat is researching future-oriented seats.

Our Uniqueness
Quality 5 Star
o Quality is our Passion
o Quality is reflection of us
We are unique in our product quality.
7.423 Trillion 9,589 (Abroad 5,673) Auto Parts (Powertrain,Seat)
As of January 2019 Special Train

25 Global Sites 38 Companies AA 6.32 Million Transmissions

8 Countries 4.3 Million Seat
Functions of HR Department
Ensure Compliance with Labor Laws
One of the chief duties of the human resources office of your company is to ensure the business
operates in compliance with all labor laws. The department has to know and comply with that
state’s particular set of rules employment regulations. This includes such issues as the number of
breaks given per number of hours worked and the number of hours and the age in which an
individual can become employed.

Recruitment and Training

Recruiting and training new employees are primary responsibilities of the human resources team.
This part of the job often entails advertising open positions, interviewing and hiring candidates and
setting aside hours devoted to training the new recruits. The human resources department often
publishes training materials including handbooks detailing all aspects of the job.

Record Keeping and Tax Compliance

The HR office is in charge of record keeping for the business. According to the IRS, your company
should keep records regarding income, expenses, purchases and a summary of business
transactions. The human resources department should also, of course, maintain employees’ records
including their individual tax forms. The company’s business license, inventory statistics,
insurance records and all other pertinent business information should also be on file.

Payroll and Benefits

The dispensation of payroll comes under the responsibilities of the human resource office. While
payroll often exists as a separate division in large companies, in small businesses, it is generally
handled by a small human resources staff. Health care benefits are also handled by the human
resource department.

Employer-Employee Relations
Another key function of the HR department is the managing of employee relations. When there is a
dispute or misunderstanding between employees or between employees and a manager, it is the
human resource officers who mediate the situation. Employees are encouraged to bring relational
problems to the attention of the human resources staff for resolution
Employee Performance Improvement Plans
The human resources department is often instrumental in setting up performance improvement
plans commonly called PIPs. In general, these are written proposals designed to help struggling
employees improve their work to raise it to a certain expectation level of the company. The PIP
may include a description of the behavior or performance that needs attention, objectives to be met
within a certain time period, a plan for accomplishing the improvement along with support
resources and detailed consequences if the improvement does not occur.
Functions of Quality Department
Testing
The most basic function of quality control involves testing. Quality control specialists test the
manufacturing process at the beginning, middle and end to ensure that the production quality
remains the same throughout. If the specialist discovers an issue at any point in the process, she
works with the production team to remedy the issue. Quality control specialists perform quality
control tests for services provided as well, evaluating the quality of a specific service at specified
intervals throughout the time of service. Testing provides quality results as of the date of testing.

Monitoring
Monitoring consists of ongoing testing that the quality control specialist performs on a regular
basis. The specialist repeats the testing and records the results of each test. After the specialist has
performed several tests, he reviews the results and looks for any trends in quality. If the quality
declines, he increases the amount of testing performed in that area. If the quality maintains or
improves, he decreases the amount of testing performed in that area. The quality control specialist
continues to monitor the trending of the results.

Auditing
Quality control specialists also spend time auditing the quality of a process which the specialist
doesn’t work with. The quality control specialist may be auditing the work of the regular quality
control work performed or auditing the quality of a process without any current quality control
work. When performing the audit, the quality control specialist reviews the results reported by the
regular quality control workers to determine if they performed the original tests correctly.

Reporting
Periodically, the quality control specialist reports the quality results to management. A high
number of quality problems mean something is wrong with the process and there may be many
unhappy customers for the company. Management reviews the number of quality problems and
where they occur in the process and take action to address the issue.
FUNCTIONS OF OPERATION DEPARTENT:

PLANNING

An operational plan can be defined as a plan prepared by a component of an organization that

clearly defines actions it will take to support the strategic objectives and plans of top level
management.

SCHEDULING

It is the process of arranging , controlling and optimizing work and workloads in a production
process or manufacturing process. It is use to allocate plant and machinery resources. Plan human
resources, plan production processes and purchase materials.
It is an important tool for manufacturing and engineering. In manufacturing the purpose of
scheduling is to minimize the production time and costs. Production scheduling aims to maximize
the efficiency of the operation and reduce costs.

DESIGN

Design, strategy, and supply chain techniques control a creative process. Support a culture of
creativity and build a structure and organization for design. The main objective of design
management is to develop and maintain an efficient business environment in which an
organization can achieve its strategic and mission goals through design. It is a comprehensive
activity at all level of business (operational to strategic). It encompasses the ongoing processes,
business decision and strategies that enable innovation and create effectively designed products,
services, communications, environments and brands that enhance quality of life and provide
organizational success.

PROCUREMENT OF GOODS

It is the process of finding, agreeing terms and acquiring goods, services or works from
external sources. The process is used to ensure the buyer receives goods , services or work at the
best possible price. When aspects such as quality , quantity , time and location are compared.
Almost all purchasing decisions include factors such as delivery and handling, material benefit and
price fluctuations. Procurement generally involves making buying decisions under condition of
scarcity. It is good practice to make use of economic analysis methods such as cost benefit analysis
and cost utility analysis.

EXECUTION

An operation execution system is also called manufacturing process management is a suite of

manufacturing systems designed to execute operations tasks such as productions, maintenance, or
inventory tracking. Manufacturing execution systems are typically concerned with executing tasks
within just the production line. Other systems which might be included within OES might include
warehouse management systems, supply chain management and maintenance management
systems

MATERIAL HANDLING

It is the movement, protection, storage and control of materials and products throughout
manufacturing, warehousing, distribution, consumption and disposal. As a process material
handling incorporates a wide range of manual, semi automated and automated equipment and
systems that support logistics and make the supply chain work. Their application helps with:
 Forecasting
 Resource allocation
 Production planning
 Flow and process management
 Inventory management and control
 Customer delivery
 After sales support and advice

A company’s material handling system and processes are put in a place to improve customer
service, reduce inventory, shorten delivery time and lower overall handling costs in manufacturing,
distribution and transportation.
FUNCTIONS OF FINANCE DEPARTMENT

BOOKKEEPING AND PAYABLES/RECEIVABLES

Bookkeeping is the most basic financial activity in a company. Before a business owner ever
considers hiring a CFO, they bring in a bookkeeper, who tracks all of the transactions in the
organization, covering both sales and expenses. As the organization grows, they might hire more
specialized payables and receivables clerks, to take over functions such as corresponding with
vendors and suppliers, above and beyond recording transactions.

FINANCIAL REPORTING AND CONTROL

Financial Reporting and Control is the function that takes raw accounting entries and
transforms them into usable and comparable financial statements. Requiring far more judgment
than the bookkeeper’s role, this function involves everything from ruling on how to implement
accounting principles to designing financial processes of the organization, selecting accounting
systems, liaising with external auditors, and ensuring that there are no gaps or oversights in
existing processes.

TAX AND COMPLIANCE

Running a business involves paying tax, and paying tax means doing a lot of calculations and
filling out a lot of forms. Often using the financial statements as a basis, along with various other
configurations of the information produced by Bookkeeping and Payables/Receivables, the Tax
and Compliance function will make sure all of the government forms and filings are sent complete
and on-time to the taxman. A strong Tax and Compliance function will go one step beyond simple
compliance, and will find ways to minimize tax, so as to maximize the company’s net income.

STRATEGIC PLANNING AND FINANCIAL PLANNING & ANALYSIS

This function, “FP&A” for short, is the true bridge between the Past and the Future. FP&A
regularly creates strategic and financial plans that forecast what financial results (sales and
expenses) will look like in future periods. Then, they compare actual results—prepared with the
assistance of the Financial Reporting and Control function—to determine areas where the business
can improve. With this “variance analysis” complete, they can then prepare more accurate
forecasts for the future. A strong FP&A function will not only generate annual forecasts but will be
able to update them even over the course of a day or two, and to run many scenarios that examine
the effects of, say, losing a big customer or an economic contraction.

TREASURY & WORKING CAPITAL MANAGEMENT

The key role of Treasury is to make sure that the company doesn’t run out of cash. This
means, among other things, forecasting the upcoming working capital (receivables, payables and
inventory) needs of the company, investing surplus cash in short-term instruments to generate
modest interest income, and managing currency risk.

CAPITAL BUDGETING

Capital Budgeting is the function responsible for selecting between the various uses of
capital, or capital projects. After all, most organizations will have money available to invest in the
business, with the hopes of either growing sales or reducing expenses. But the opportunities for
spending typically exceed the amount available to spend, so Capital Budgeting develops business
cases to evaluate and identify the most effective projects. A strong Capital Budgeting function will
not only forecast project benefits, but will also track these benefits over time to determine whether
the use of capital was as effective as originally anticipated.

RISK MANAGEMENT

Risk Management is a function that is rapidly developing after the financial scandals of the
early 2000s (Enron, WorldCom, the Great Recession and Lehman/Bear Stearns collapse, etc.). In
the financial services industry, the function is particularly central as most institutions run with a
high amount of debt (leverage), though leaders in other industries are also bulking up this function.
Risk Management takes a hard look at some of the key risks faced by the company—currency,
interest rate, market, operational, legal, etc.—and tries to quantify the possible impacts so that they
can be mitigated as much as possible. If FP&A looks at the base case scenario for the company’s
financial results, Risk Management takes a wrecking ball to it.

CORPORATE DEVELOPMENT & CORPORATE STRATEGY

Corporate Development and Corporate Strategy can be widely defined, but it is the area of
Finance most heavily populated by former investment bankers and management consultants. As
such, common tasks that fall to this function include sourcing and analyzing mergers &
acquisitions deals, raising debt and equity financing, making capital structure decisions and
providing insight into high level strategic decisions such as entering a new market.
FINANCIAL POSITION

Revenue
NET INCOME
Competitors
 Toyoto boshoku corporation
 Faurecia SA
 TS Tech co, ltd
 Johnson Controls Incorporated

Objective of HR Department
 Define an organizational structure which drives productivity
 Developing effective coordination and communication within the organization
 Dedicate time to finding the right staff and deving their skills base
 Embracing wider societal and ethical development
Quality Management System
Quality management ensure that an organization, Product or services
is consistent it has four main components, Quality planning, Quality assurance, Quality control and
Quality improvement

Quality management is focused not only on product and service quality but also on the means to
achive it

Quality policy
 Securing global market customized preceding quality.
 Quality cost reduction and improvement of task competency.
 Department for preemptive Technological prevention quality activity
Findings
 Good Infrastructure for the employees
 They ensure employees safety and health
 Unique Product and quality
 Hyundai Transys pursues customer satisfaction
 Hyundai transys brings happiness to the human kind with our future oriented advance
technology
Conclusion
The time spent for the internship at Hyundai transys were no doubt a
source of great learning for me about many things. This practical project do help me to attain
loads of knowledge about the functions performed by the company