SUMMER TRAINING REPORT ON

“FINACIAL MANAGEMENT”

Submitted in partial fulfillment for the requirement of the degree of Master of Business
Administration

Submitted To: Submitted By:

Dr. Sebastian T. Joseph Upendra Ojha

Sr. Assistant Professor 22MBA014

(JSBS&C, SHUATS) MBA

JOSEPH SCHOOL OF BUSINESS STUDIES AND COMMERCE,

SAM HIGGINBOTTOM UNIVERSITY OF AGRICULTURE, TECHNOLOGY, AND
SCIENCES
(NAINI, PRYAGARAJ).
2023
Acknowledgement
I would like to express my special thanks of gratitude to my teacher Dr. SNEH P. DANIEL who gave me this
wonderful opportunity to do this wonderful assignment of “Management Information System” on “IFB
Automotive” , Who also helped me in completing my assignment . I came to know about so many new
things I am really thankful to Her. Secondly I would also like to thank my parents and my friends who
helped me a lot in finalizing this project within the limited time.

DATE: NAME: Upendra ojha

PLACE: ID: 22MBA014
CHAPTER 1
Introduction
 Company Profile

IFB Automotive Private Limited

58 Km, Stone NH-8, Gurgaon,

Gurugram-122413,
Haryana, India

Website: Industry
https://www.ifbautomotive.com Motor Vehicle Parts Manufacturing,
Transportation Equipment
Manufacturing.

HEADQUATER:
BANGALORE, KARNATAKA

TYPE: Founded
Private company 1974

IFB Clients:
 The Company
IFB Automotive Pvt. Ltd. pioneered in India the manufacture of fine blanked automotive
components, seating systems, door systems and automotive motors to meet the growing needs of the
auto industry. The company has built a reputation as a leading technology provider for safety critical
and comfort related products in the automotive sector. With a state of the art R & D
division, IFB Automotive has the capacity to develop new products responding to the diverse needs
of its domestic and international customers.
IFB Automotive has been in the Automobile scenario since 1989
with a goal to manufacture products that meet the end user’s need
for total safety and comfort, high level of performance, and reliable
and long product life.
IFB Automotive emerged as the strategic partner to all automobile
manufacturers in the development and supply of safety
critical ,comfort products and assemblies.

At the backdrop of tough global competition, IFB Automotive

strives to meet the highest quality demands of national and International regulatory bodies as well as
stringent customer specific requirements.

Vision
To be the vehicle manufacturer’s first choice for safety and comfort related products through
innovation and quality excellence.
Mission
Our mission is to create and deliver high quality and innovative products that will contribute to our
customer’s success and deliver value to our shareholders. We shall provide complete solutions
through our system capabilities in design, analysis, development, testing and validation.
We are committed to environmental preservation and social responsibility.

History
IFB Industries was established in 1974 in Kolkata in collaboration with Hienrich Schmid AG of
Switzerland to manufacture fine blank tools and related machine tools.
Since then, the company has evolved into one of the most respected and trusted engineering group to
meet the growing needs of domestic and international automotive and domestic international
automotive market. The group now includes:
 IFB Industries, Kolkata: automotive fine blanking components
 IFB Industries, Bangalore: fine blanking and subassemblies
 IFB Automotive Pvt. Ltd., Bangalore, Chennai, and New Delhi: automotive seating, door and
motors
 IFB Automotive R & D Centre, Bangalore

IFB Automotive Milestones

1989: IFB Automotive Seating & Systems, Bangalore established
1989: launched SEAT RECLINER
1995: Launched SEAT SLIDER
1995:Launched WINDOW REGULATOR
1999: Launched BLOWER MOTOR
2000: Launched RADIATOR & CONDENSER MOTOR
2003: Launched DOOR & OTHER LATCHES
2003: R & D Centre, Bangalore established
2004: Launched ANTI PINCH REGULATOR
2004: Launched DOOR MODULE
2005: Launched HIGH STRENGTH RECLINER & SLIDER

Quality
Customer trust in IFB Automotive’s brand, end user safety and total reliability for all stakeholders
associated with the company are at the core of IFB Automotive’s quality policy. High quality, stable,
cost-effective products manufactured through meticulous production planning, production
methodologies and production engineering adhere to company’s self-imposed stringent product
quality targets.
The company’s superb quality assurance record exceeds the international benchmark of 100
defective parts per million (PPM) shipped to OEMs and targets the ambitious 0 defect goal in near
future.
IFB Automotive’s relentless pursuit of quality and strict adherence to procedures has earned for it:

QS 9000 in 2000
ISO 9000 in 1998

TS 16949 in 2003 100-PPM award from Hyundai in 2004

Environmental management
IFB Automotive is committed to global environment protection. From its beautifully landscaped and
 meticulously maintained plant at Bangalore to its ISO 14001 certification, the company is committed
to corporate responsibility and coexistence with the environment and society.
Global Aspiration:

IFB Automotive has entered into strategic alliances with global leaders like Siemens, Kuster,
Castellon, Imasen, Bentler, and TS Tech for design and manufacture of advanced automobile
products.
IFB, with its innovative management practices, constant advancement in technologies,
manufacturing systems and human resource development are well poised to meet the growing needs
of the customer and enhance its global presence.
Products

Seat Recliner
IFB is leading Manufacturer of L2 K2 Recliner, Lever Type Recliner, Position cum Adjustment Latch,
Rear Seat Recliner and Lever Recliner from Gurgaon, India.

L2 K2 Recliner Lever Type Recliner Position Cum Rear Seat Recliner

Adjustment Latch

Automotive Motors
The Motor Division was started in 1999 to produce HVAC Blower motors & Condenser motors for Air
conditioning, Engine Cooling Fan motors for various passenger car applications in India. At present, we
manufacture three Lakhs motors annually with a planned capacity of 1 million motors.
IFB APL also signed a License agreement with Siemens VDO, Germany to manufacture Siemens
automotive motors including Power Window motors in India.

HVAC Blower Motor Engine Cooling Fan Motor Condenser Motor

(12v/24v) (12v/24v) (12v/24v)

Door Systems

Doors are the second most complex system in a vehicle because they must combine Aesthetics with
high safety, reliability and functionality by accommodating many intricate mechanisms in a small space.
IFB Automotive is the only automotive full service system supplier in India, with design and
manufacturing capability for window regulators, latches and Door Modules.

IFB TECHNOLOGY HAS BEEN INVISIBLY ASSITING PEOPLE WHO OPEN OR CLOSE CAR
DOOR. Over the decade, the company has acquired knowledge & skills in developing unique, reliable
& cost effective products for door systems. The company is proudly associated with all the major
OEMs and has been catering to customer’s requirement with appropriate technology product.

IFB automotive has already started working with global OEM’s to support their requirement worldwide.
Emphasis has been in strategic presence world wide with customer support cell and just in time supply.

Window Regulators Door Latch Hood Latch

Door Beam
 SWOT ANALYSIS
IFB Automotive Pvt. Ltd.
A scan of the internal and external environment is an important part of the strategic planning process. Environmental
factors internal to the firm usually can be classified as Strengths (S) or Weaknesses (W), and that external to the firm
can be classified as Opportunities (O) or Threats (T). Such an analysis of the strategic environment is referred to as a
SWOT analysis.
The SWOT analysis provides information that is helpful in matching the firm's resources and capabilities to the
competitive environment in which it operate. As such, it is instrumental in strategy formulation and selection. The
following diagram shows how a SWOT analysis fits into an environmental scan:

FRAME WORK OF SWOT ANALYSIS:

SWOT
ANALYSIS

INTERNAL EXTERNAL
ANALYSIS ANALYSIS

STRENGTHS WEAKNESS OPPURTUNITIES THREAT S

STRENGTHS:
 A large Indian Original Equipment customer base.
 Long presence and proven domain knowledge.
 Emphasis on continuous education & training.
 Techniques for aligning digital strategy with organization and marketing strategy.
 Established R&D working on Future products
 Every employee is given an equal opportunity to develop himself and grow in his career.
 They have in house engineering management facility which is an advantage.
 The company is indigenous in its manufacturing & designing i.e., SAP system is used for designing
and maintaining database.

WEAKNESS:
 They are not exposed much towards Branding and brand strategies related aspects.
  They are not focusing much on promotional activities.
 High cost of Fine Blanking parts which effects in purchasing of raw materials.
 Development lead time is too high since the company is having their own designing department
which requires more time in manufacturing products.
 Due to age or personal reasons employees may leave the organization which deplete skill force.

OPPORTUNITIES:
 India has been chosen as a global hub for Car manufacturing and exports.
 Great scope for power driven machines.
 Global OEMs looking at India as an auto parts sourcing base.
 Growth in existing products and market, volume growth, increasing profit.
 Increasing market share and customer share.
 Growth in new product, existing markets and new markets.
 In India and abroad the company has lot of opportunities in technical aspects for designing and
developing a product.
 The company has got huge customers for business activities to survive in global competition world.
THREATS:
 Tremendous pricing pressures due to local competition.
 Regular supplies issues may force loyal customers to switch to other companies products.
 Poor Supplier Base may affect regular supplies and delay in development.
 The company has to face huge local and global competition that compete (European, Korean and
Japanese manufacturers) with well-equipped infrastructure.
 Findings of the Project

Particulars FY2019 FY2020 FY2021 FY2022 FY2023

Current ratio 1.08 1.16 1.33 1.57 1.50

Inventory 6.47 6.83 6.03 3.33 3.82

turnover ratio
Total Asset 1.94 1.88 1.51 1.19 1.67
Turnover Ratio
Credit Turnover 0.15 0.81 0.48 0.36 0.36
Ratio
Debt to equity 0.94 1.49 1.65 2.10 2.12
ratio
Debt to total 0.46 0.58 0.61 0.67 0.67
asset
Interest 14.36 2.94 4.39 -1.43 2.18
coverage ratio
Operating Profit 3.71 1.60 4.88 -1.57 1.86
Ratio
Proprietary 0.48 0.38 0.36 0.34 0.31
Ratio
Return on asset 4.30 1.59 3.26 -2.58 0.81
Ratio
 Suggestions and Conclusion
 Company creditor turnover ratio below 1 . If the company wants to improve their accounts
payable turnover ratio they can improve their cash flow, renegotiate terms with their
supplier, pay bills before they're due, and use automated payment solutions.
 IFB Pvt Limited should try to focus on its marketing strategy and try to utilize its 7 p’s
properly and at the same create awareness programs so that potential customers can
know about the company and its product and buy the company’s product.
 IFB Pvt Limited should try to use properly its operating assets and Should try to minimize its
non-operating expenses.
 IFB Pvt Limited should try to increase its production capacity and also expand its area of business
operation which will help the company to get economies of large-scale production and earn more
profits and capture greater market share.

References
Reports:
Annual reports of of IFB Pvt Ltd of FY2019,FY2020,FY2021,FY2022, and FY2023.
WEBSITES:
https://www.ifbautomotive.com
https://www.moneycontrol.com
https://in.investing.com
https://www.investopedia.com