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572015-16
Dr. K. RajkumarDirector
vTo provide timely, innovative & world class services by
systematically adhering to quality Management systems and
procedures.
vTo design, develop and validate the Rubber Products as per
requirement of our customers.
vTo provide reliable, dependable and traceable testing,
evaluation, third party inspection & consultancy services to
our customers.
vTo enhance the competency of Rubber and allied products
manufacturers and end users by imparting training.
vTo strive to continuously improve safety, moral and work
environment of all our stake holders by implementing
pertaining international standards.
Date : 08-07-2015
QUALITY POLICY
572015-16
To be a committed world class Rubber and Allied material Research, Development, Testing and Training Center with Innovative & value added service to customers.
To serve the rubber & allied Industr ies to fulf i l l their Scientific & Technological requirements in order to I m p r o v e t h e i r G l o b a l Competitiveness.
572015-16
MEMBERS OF THE GOVERNING COUNCIL: 2015-16
PRESIDENT
Mr. R.V.Gandhi,
GRP Ltd.,
510, “A” Wing, Kohinoor City Commercial – I ,
Kirol Road, Off. L.B.Shastri Marg,
Kurla (W). Mumbai – 400070
Tel. 67082500 / 2600/Fax - 67082599
Mob-9820153094
GOVERNMENT OF INDIA
Joint Secretary, DIPP, New Delhi
Deputy Secretary, DIPP, New Delhi
Ms. Sunita Yadav
Director
Integrated Finance Wing
Ministry of Commerce & Industry
Dept. of Industrial Policy & Promotion
Udyog Bhavan, New Delhi 110 011.
Tel.:- 011-23062794 / 9013134546
COUNCIL OF SCIENTIFIC & INDUSTRIAL
RESEARCH (CSIR)
Dr. S.K.Deshpande,
Scientist G,
Department of Scientific and
Industrial Research,
Ministry of Science & Technology
Government of India,
Technology Bhawan, New Mehrauli Road
New Delhi-110016.
GOVT. OF MAHARASHTRA
Mr. A.R.Chandorikar
Joint Director of Industries
Kokan Division, MIDC Office Complex Building
Wagle Industrial EstateThane
(Near Mulund Checknaka)-400 604
25828504,22026955
BUREAU OF INDIAN STANDARDS (BIS)
Shri D.K.Nayyar – Principal Member
Scientist ‘G’ & DDG (Standardization)
Bureau of Indian Standards
Manak Bhavan,9 Bahadur Shah Zafar Marg,
New Delhi – 110 002 Tel- 011-23231120
Shri. N.K.Kansara, - Alternate Member
Sc ‘F’ & Head (PCD),
Bureau of Indian Standards
Manak Bhavan,9 Bahadur Shah Zafar Marg,
New Delhi – 110 002 Tel- 011-23231120
RUBBER BOARD
Dr.James Jacob,Director of Research,
Rubber Research Institute of India
Rubber Board, Kottayam – 686 009
0481-2353311
CENTRAL INSTITUTE OF ROAD
TRANSPORT (CIRT)
Director,
Central Institute Of Road Transport(CIRT)
Post Box No. 1897,
Pune Nasik Road,
Bhosari, Pune- 411 026
Tel- 9520-27125177
ALL INDIA RUBBER INDUSTRIES
ASSOCIATION (AIRIA)
Mr.Yogen S. Lathia, Director,
Lathia Rubber Mfg. Co. Pvt. Ltd.
Sakinaka, Kurla-Andheri Road
Mumbai – 400 072
28519140/144
Mr. M.F.Vohra,
Zenith Industrial Rubber Products Pvt. Ltd.,
144 Free Press House
215 Free Press Journal Marg, Nariman Point
Mumbai - 400 021 INDIA
Tel: +91-22-2288 5888
Email:- [email protected]
AUTOMOTIVE TYRE MFRS
ASSOCIATION (ATMA)
Mr. Rajiv Budhraja, Director General
– Principal Member
Automotive Tyre Manufacturer’s Association,
PHD House (4th Floor),
Opp. Asian Games Village,
Siri Institutional Area, New Delhi-110 016.
Mob-09810555011 Tel-011-26851187
Mr. Vinay Vijayvargia, Secretary,
– Alternate Member
Indian Tyre Technical Advisory Committee
(ITTAC)
PHD House (4th Floor),
Opp. Asian Games Village,
Siri Institutional Area, New Delhi-110 016.
Mob-09810498181
PAID MEMBERS FROM INDUSTRY
Dr.W.Millns,
Triveni Rubber, 8, Punjani Indl. Estate,
Khopat, Thane – 400 601
Mob-9320804050
Mr.G.A.Nijhawan,
Kwality Polymers Pvt. Ltd,
Plot No.A-471, Road No.28
Wagle Industrial Estate, Thane – 400 604.
Mob:- 9820292285 Tel-25820342
IRMRA’S DIRECTOR (EX- OFFICIO)
Director
INVITEES FOR INDUSTRY LIAISON
Mr.Niraj Thakkar,
Precision Rubber Industries Pvt Ltd.,
C-45, Road No.25, Wagle Estate,
Thane 400 604.
Tel.25821778 / 25834360
Mob-9820700069
[email protected]; [email protected]
Mr. D.J.Bharucha,
Bhimrajka Impex Limited (BIL)
184-B Maker Tower ‘E’,
18th Floor, Cuffe Parade,
Mumbai - 400 005.
Mob- 9820295609
Phone : 91-22-40504050
Direct : 91-22-40504007
Mobile : +91-9820295609
Fax : 91-22-40504000
Mr. V.K.Misra,
JK Tyre and Industries Ltd.,
Link House, Bahadur Shah Zafar Marg,
New Delhi – 110002.
Mr. Prashant B.
Lanxess, Mumbai.
Dr. R.K.Matthan,
Revertex-KA Latex (India) Pvt. Ltd.,
2-B, Regent Place, New 20 (Old 151)
Habibullah Road, T. Nagar
Chennai – 600 017.
[email protected], [email protected]
Mob:- 09840025972
Dr. R.Mukhopadhyay,
Director,
Hari Shankar Singhania Elastomer
&Tyre Research Institute
HASETRI, Jaykaygram, Kankroli,
Rajsamand - 3131 342. Rajasthan, India.
Dr. M.S.Banerji
Mob-9820430420
572015-16
IRMRA PRESIDENT'S MESSAGE FOR THE YEAR 2015-16
Good Morning Ladies and Gentlemen!
th It gives me a great pleasure to welcome you all to the 57 Annual General Meeting of
Indian Rubber Manufacturers Research Association (IRMRA). The Annual Report containing
Director's Report and the Auditor's Annual Accounts Report for the financial year ending
March 31, 2016 has been circulated to you and with members' consent, I shall consider the
same as read.
After few years of despondency and low sentiment, there was much to cheer about in
the financial year 2015-16. Macroeconomic indicators in India shown brighter during the
year. By the fact end of the fiscal, India emerged as the fastest growing economy in the world
surpassing China. There has been a surge in Foreign Direct Investment (FDI) which touched
new highs during the year much encouraged by the reports of multilateral agencies who
expressed confidence in the continued growth of the Indian economy.
Inflation, which had been showing gravity-defying growth leading to tightening of
monetary policy, also eased during the year and stood in the comfort zone of Reserve Bank of
India. Thanks to softening of crude and commodity prices, India's Current Account Deficit
narrowed significantly during the year. Trade Deficit also narrowed though concerns remain
about India's export competitiveness. In case of Auto Sector, both commercial and
passenger vehicles showed significant growth. High double digit growth in Heavy
Commercial Vehicles signified increased infrastructure development and mining activity.
572015-16
5
For rubber and tyre industries, the year represented a mixed bag. Raw material prices
came off from their peak levels supporting profitability but volumes were down. Especially, export
volumes were impacted in view of continued recession in the export markets. Dumping of
cheaper Chinese rubber products including tyres touched new highs during the year. A number
of MSME rubber units couldn't face the Chinese onslaught and had to scale down or wind up
manufacturing operations. Natural Rubber (NR) production in the country slid down further and
the gap between demand and supply further widened.
Against all odds, rubber and tyre industries have continued to ride the difficult period
through a sharp emphasis on increasing efficiencies and minimizing wastes. A series of
rubber/tyre industry related events/ conferences in the country during the year led to wider
adoption good practices so as to face the challenging period with confidence.
The current fiscal has begun on a positive note. At least two developments – Good
monsoon and the passage of constitution amendment bill for Goods and Service Tax (GST) – will
yield good dividends for the tyre and rubber sector. IRMRA stands by the industry, aiding in
cutting-edge research and development.
Thank you.
s/d
Rajendra V. Gandhi
President,
Indian Rubber Manufacturers Research Association.
572015-16
DIRECTOR'S ANNUAL REPORT 2015-16
Dear Members,
We are pleased to present Indian Rubber Manufacturers Research Association's (IRMRA) th
57 Annual Report for the year 2015-16.
IRMRA established in 1959 as a scientific and industrial research organization for promoting
basic and applied research & development activities for rubber and allied materials in our
Country, registered under the Societies Registration Act 1860 and governed by a Governing
Council consisting of representatives from Rubber Industry, Central and State Govts.,
Rubber Board, prominent research and development ( R & D) establishment, academic
institutes, etc., is functioning under the administrative control of Department of Industrial
Policy and Promotion, Ministry of Commerce & Industry, Govt. of India, New Delhi.
Over the last 57 years, IRMRA has expanded and diversified its activities in both tyre and
non-tyre sectors and has become a unique R&D 'Centre of Excellence' at par with any
internationally renowned Institute of repute in the World.
The state of the art facilities created by IRMRA over the years and the expertise developed
by its scientists are being utilized by the industries such as rubber, polymer, paints, chemicals
and textile to name a few .
6
572015-16
Apart from its main expertise in the fields of Testing and Certification (Tyre & Non Tyre Testing),
Training, Research and Product Development, Consultancy and Sponsored Research, IRMRA
has diversified its activities in different areas to cater to the needs of the rubber and allied
industries.
Some of the main activities undertaken by IRMRA are as under:
ØTesting and Certification
ØProcess and Product Development
ØMaterial Selection cum Compound Development
ØReverse Engineering cum Product Development
ØRubber Engineering and Finite Element Analysis (FEA)
ØStorage and Service Life Prediction
ØShort Term and Long Term Courses
ØRubber Skill Development related courses
ØTraining and Consultancy services on Rubber Technology & Laboratory Management
System (LMS)
ØQuality Control / Assurance
ØProcess Improvement / Trouble Shooting
ØFailure Analysis / Forensic Investigation
ØQuality Audit and GMP audit services
IRMRA has been recognized by the Dept. of Scientific and Industrial Research (DSIR), Govt. of
India, New Delhi. It has acquired many accreditations / recognitions and certifications from many
national and international agencies of repute such as NABL, BIS, ISO 9001, CEMILAC, DGMS
etc. which demonstrate the quality credentials of IRMRA.
IRMRA's Clientele includes :-
ØGovt. / Semi Govt. organizations such as Defence Sector (Indian Navy, Air Force and
Ordnance Factories), BARC, RITES, SRTCs, Mazgaon Docks, BPCL, HPCL etc.,
ØMajor tyre companies such as MRFLtd, Ceat Ltd, Apollo Tyres Ltd, JK Tyres Industries Ltd,
Michellin, Pirelli, Goodyear, Bridgestone etc.,
ØAutomotive OEMs such as Tata Motors, Maruti Suzuki Ltd., Mahindra & Mahindra, Bajaj
Auto, EICHER Motors and Ford etc.
ØOther reputed private sector companies such as L&T, Kirloskar Group, ELGI SAUER, to
name a few.
7
IRMRA has won the confidence of all clients by rendering dedicated, reliable and timely service
over the years. It has indigenized and successfully developed through reverse engineering and
Research &Development, many critical rubber components required by the industries.
The main activities and achievements during the year 2015-16 are presented with more details
for your perusal.
Despite economic slowdown, IRMRA has achieved all together Rs.17.06 Cr and expenses are
kept within Rs. 12.92 Cr and leading to surplus of Rs. 4.14 Cr for the Financial year 2015-16.
Meticulous planning and execution of testing, and product development activities indeed
improved our operational efficiency and thereby served our customers faster and better. The
spiralling input cost, overheads and manpower costs, to some extent, have been controlled
through improved operational efficiency and also by working extended hours. Apart from serving
the domestic customers, the tyre testing centre has been giving service to multinational tyre
companies and thereby earned sizable foreign exchange from the overseas customers.
However, upgradation and procurement of new instruments are being planned during the year
16-17.
572015-16
8
New Presidents Welcome :
After successful completion of 3 years tenure of
Dr.Raghupathy Singhania, as President of IRMRA,
Government of India nominated Mr.Rajendra V.Gandhi,
Managing Director of GRP Ltd, (formerly known as Gujarat
Reclaim & Rubber Products Ltd) as President of IRMRA
with effect from December 2015.
Appointment Of Regular Director Of IRMRA –
Dr.Kasilingam Rajkumar was appointed as the regular th
Director of IRMRA w.e.f. 29 March 2016. The Director
post of IRMRA was vacant since March 2014.
A Search cum Selection committee was constituted
under the chairmanship of Secretary, Industrial Policy &
Promotion [SIPP], Govt. of India for selection of the
Director of IRMRA. Based on the Search cum Selection
committee's recommendation, the selection and approval of appointment of Dr K Rajkumar to the post of
Director of Indian Rubber Manufacturers Research Association [IRMRA] was granted by the Appointment
Committee of the Cabinet [ACC] as per the recruitment rules applicable to IRMRA.
Welcome of New President Mr.Rajendra V.Gandhi by Dr.K.Rajkumar, Director IRMRA and other senior officials.
Welcome of new Director with Bouquet by all senior officers of IRMRA
572015-16
9
Mechanical Laboratory
Rubber Process Analyzer (RPA)
Rheometer (MDR)
Universal Testing Machine
Mooney viscometer
Auto hardness tester
Din Abrader
Air permeability tester
Taber Abrader
De-mattia flexing machine
Ross flexing machine
Hose bursting machine
Ozone Chamber
Dunlop tripsometer
HV tester Million meghaohms
Ageing Ovens
Chemical & Instrumentation Laboratory
Fourier transform infrared spectrometer
(FTIR)
FTIR-ATR
Inductively coupled plasma (ICP)
CHNS Analyzer
GC-FID
HPLC - GPC
UV visible Spectroscopy
BET surface area analyzer
Particle size Analyzer
XRD
SEM-EDS
Analytical Balance
Brookfield viscometer
Other Wet Chemical testing facilities.
Flame Resistant testing
Propane gas test facility
Thermal Laboratory
Thermo Gravimetric Analyzer
(TGA)
Dynamic Mechanical Analyzer
(DMA)
Differential scanning Calorimeter
(DSC)
Servo Hydraulic Dynamic
testing facilities
Stress Relaxo-Meter
PERFORMANCE OF TESTING DIVISIONS
NON TYRE TESTING DEPARTMENT
Non tyre testing department have following three different sections based on the nature of
testing:-
1) Mechanical Laboratory2) Chemical and Instrumentation Laboratory3) Thermal Laboratory.
The department headed by Dr.J.Jayaramudu, Assistant Director & supported by a team of 13
scientific/technical personnel having expertise on testing, method development, method
validations and various analytical instruments. The expertise includes Quality control testing,
Reverse Engineering, Failure analysis, Raw material analysis, On product testing, Restricted
component testing, Environmental testing, Flammability testing, Sealant testing etc.
Major Instruments :Laboratories are equipped with the following instruments / equipments :
The following are the major tests which are undertaken regularly:
Mechanical Lab
Tensile Properties
Ozone Resistance
Rheological Properties (by RPA)
Hardness Test
Taber Abrasion
Drum friction Test
Load Vs Deflection Test
Performance Test
Ageing Studies
Mooney Viscosity
Antistatic Property
High Voltage Resistance
Chemical Lab
Polymer Identification
(by FTIR)
ROHS Analysis (by ICP)
CHNS Analysis
Raw material Analysis
Restricted component & Analysis
Flammability Testing
Low Temperature Testing
Sealant Testing
Environmental Testing
Thermal Lab
Rubber Composition analysis (by TGA )
Glass Transition Temperature (by DSC)
DMA Analysis
Servo Hydraulic Testing
Life prediction
Blend ratio analysis
Natural frequency
Endurance test facility
572015-16
10
Department has complete testing facility of various products like Tyres, Tubes, Gaskets, Hoses, Belts, Oil seals, Retreading Components, Mounts, Bushes, Bellows etc.
The department is closely working with the Customer Service / Marketing department for better delivery of services to customers.
Business Development & Customer Service Center :
This department is headed by Mrs.Suchismita Sahoo, Assistant Director & supported by a team of 6 personnel. This center facilitates creation of new business development activities and also ensures effective & efficient services to the customers.
Business Development /Marketing
The team regularly visits to existing and potential customers for expanding / generating new business opportunities. The new business opportunities in areas of expertise like testing, training, consultancy and product development are explored by the team duly supported by the other departmental heads. This centre attends to all the types of business queries related to IRMRA activities.
572015-16
11
The initiative taken in the FY 14-15 to organise stakeholder's workshop at different location for promotion of business of IRMRA and also the members of IRMRA continued in this year also.
The following workshops and conferences were organised during the year:-th
1) Stake Holders Workshop at Aurangabad on 25 July 2015.
2) Workshop at RDSO
3) IRMRA - CII Rubber Conference (ICRC -2015) in parallel with Rubber World Expo at BEC, th th
Mumbai held on 16 & 17 December 2015.
Customer Service Center (CSC) :
This center is primarily responsible for pre and post contract activities for testing of both Tyre and Non-Tyre sectors. The responsibility includes enquiry handling, payment follow up, feasibility study, facilitating signing of MOU with customer for their testing, development as per need, obtaining customer feedback and analysis/improvement, promoting membership and other services, verification of test reports before delivery to customer, outsourcing of testing needs if required.
This department also deals with customer complaints (if any) and the root cause analysis are undertaken at appropriate level to deploy corrective action as per Quality Management System Procedures.
CENTRE OF EXCELLENCE FOR TYRE RESEARCH, TESTING AND CERTIFICATION
Testing and Certification
The centre is headed by Mr. Niteesh Shukla, Assistant Director & supported by a team of 5 scientific /technical personnel. This centre is engaged in Testing and Certification of Automotive Tyres received from the various national and international tyre manufacturers, automotive OEMs, Customs, BIS, SRTUs, Industrial sectors. Since its inception more than 3000 different tyre sizes have been tested for more than 100 customers worldwide.
572015-16
12
Research and Failure Investigation:-
Apart from testing, the centre is also equipped with facilities such as Tyre Shearography
machine, Rolling Resistance Machine, Footprint and Stiffness Measurement Equipment, Tyre
Cutting machine for pursuing the research on tyre technology, tyre materials and Failure
Investigation of Automobile and Military Aircraft Tyres. This centre has successfully completed 6
nos of defect investigations of Military Aircraft tyres received from various Indian Air Force
Stations.
The centre is presently equipped with facilities for testing of 2/3 wheeler, passenger car and commercial vehicle tyres as per National and International Standards. The available test facilities include High Speed Performance Test, Endurance Test of different capacities, Plunger Test, Bead Unseating Test, Dynamic Growth test, Stiffness and Digital Footprint Measurement.
Apart from testing, the centre is also equipped with facilities such as Tyre Shearography
machine, Rolling Resistance Machine, Footprint and Stiffness Measurement Equipment, Tyre
Cutting machine for pursuing the research on tyre technology, tyre materials and Failure
Investigation of Automobile and Military Aircraft Tyres. This centre has successfully completed 03
nos of defect investigations of Military Aircraft tyres received from various Indian Air Force
Stations.
Unique Tyre Rolling Resistance :-
The Rolling Resistance test facility available with this
Centre is being utilized by major automotive OEMs and
leading tyre manufacturers in order to demonstrate the
fuel efficiency of their tyres used in automotive vehicles.
Looking at the national importance with respect to fuel
economy, this Centre is also engaged in studying the
rolling resistance values of passenger car and
commercial vehicle tyres.
572015-16
13
Standardisation :-
Being a member of Transport Engineering Department (TED7), BIS, IRMRA has taken active
role in improving the existing standards through this study on Rolling Resistance and sharing the
data with the committee members of TED7, to incorporate this parameter in the relevant
standards in line with international standards.
Processing and Product Development Center :-
This Center is headed by Mr. Mohammad Anis, Assistant Director and supported by a team of 7
scientific / technical personnel.
IRMRA has well equipped infrastructure for Research and product development. Product
development facility includes Injection Molding Machines, Vacuum Compression Moulding
Press, Banbury Mixer, Different size Two Roll Mills, Hydraulic Presses, Servo hydraulic Machine
etc. This Center involves in indigenization of various critical rubber products for Defence and
associated sectors to promote “MAKE IN INDIA”.
Activities / Research & Development Projects:-
IRMRA involved in product development and supplies to its customer.
Industrial Consultancy and Product Development Center (IPDC) :-
This Center is headed by Mr. Sethumadhavan, Assistant Director & having supporting team of 5 scientific / technical personnel.
Inorder to promote small and medium scale rubber and allied industries IRMRA provides Industrial Consultancy services to the OEMs, Oil sectors, nuclear sectors and their suppliers including MSME.
This Centre is also exploring new business opportunities in the area of Third Party Inspection in the coming years to support the user industries.
This Center involves in development of materials and rubber products for Defence and associated sectors, OEMs etc.
Training And Skill Development Center (TSDC):-
This Centre is headed by Mr. Niteesh Shukla, Assistant Director supported by internal and external faculties. This Center provides excellent training courses on Rubber technology as well as Laboratory Management Systems (LMS)
572015-16
14
Training on Rubber Technology :-
This centre organized the following short term training courses on:-
ØCompounding and Testing of Rubber Products,
ØReverse Engineering and Life Prediction of Rubber Products,
ØQuality Assurance through Inspection and Testing of automotive Rubber Products
ØCompound Design and Testing of Moulded Rubber Products
ØProcessing, Physical and Chemical testing of Rubber Products
ØWorkshop on Tyre Technology and Testing of Tyres
The Dept. has organized 07 nos of the technical program on above mentioned course titles. The
candidates from Govt Organization such as RDSO, Defense, Rites, ONGC and from Tyre
Industries, Automotive OEMs have participated in the above mentioned courses. About 250
candidates got trained and improved their skills towards their respective jobs. Candidates have
given their feedback towards the contents of the study material, Presentation, Adequacy of
communication, Methodology, Relevance of the Topics, Venue and administrative arrangements
including the food and Lodging facility.
The participants includes person starting career in rubber industry, owners, new entrepreneurs,
QC engineers, process engineers, supervisors, inspectors, auditors etc.
Training participants in the Conference hall with the faculty
Training participants with Mr. Niteesh K Shukla, Asst. Director
& Course Co-ordinator
572015-16
15
Customized Training Program :-
The dept also designs the course contents according to the requirements of the customer based
on the initial interaction with HR and technical team of the Organization so accordingly one
training program was organized exclusively for Bajaj Auto Ltd at Akurdi, Pune in month of
December 2015 .
Bajaj Auto Ltd. officials participated in customized training program at Pune along with Mr. Niteesh K Shukla, Asst. Director &
Course Co-ordinator
Training on Laboratory Management System:-
Apart from the technical training courses, The Dept also facilitates in imparting the training
courses related with Laboratory Management Systems as per ISO/IEC 17025:2005.
Reliability of test results reported by an accredited laboratory depends on effective
implementation of the laboratory management system according to the requirements of ISO/IEC
17025:2005. Effectiveness of implementation, in turn, depends on the competency of the
laboratory’s supervisory staff, viz. Quality Manager & Technical Manager, in monitoring and
facilitating the laboratory’s quality management system. In order to emphasize and focus on this
issue, NABL has mandated that w.e.f 1st November 2012, the quality managers working in NABL
accredited laboratories / applying for accreditation should undergo a 4-day training course on
ISO/IEC 17025:2005 conducted by a reputed training Institute such as IRMRA. This 4-day
course would also help the senior laboratory staff in understanding the techniques of internal
quality auditing, both for assessing one’s own system and defending its compliance to the
accreditation requirements to NABL assessors.
All Quality Managers and other senior laboratory personnel who are likely to discharge the
responsibility of Quality Managers including Technical Managers of Accredited laboratories take
part in the 04 days training course on LMS as per ISO/IEC 17025:2005 and Internal Audit.
572015-16
16
The Dept. has successfully completed the scheduled training courses on LMS at IRMRA,
THANE with a participation of 15 nos of the candidates in each program.
IRMRA’s well furnished training facilities attracted National Accreditation Board for Testing
and Calibration Laboratories (NABL) for organizing the highly specialized training program in
western region and accordingly Laboratory Assessor training and Proficiency Testing Provider
Assessor training courses at IRMRA was conducted in month of September 2015 and February
2016 respectively. Mr. Anil Relia, Director, NABL appreciated the initiative taken and commitment
provided by The Director, IRMRA and the team for facilitating the said training program having
national importance.
Workshop And Seminars :-
IRMRA successfully completed two workshops, one at IRMRA for the RCMA members in the
month of June 2015 and second at Aurangabad in the month of July 2015. The Chief Guest for
the Aurangabad workshop was Shree Chandrakant Khaire, Hon’ble Member of Parliament,
Govt. of India.
Delhi Seminars :-
Successful completed one day Seminar for RCMA ( The Rubber Chemical & Merchants
Association) personnel in month of June 2015.
IRMRA have actively participated in the “ Rub Tech 2015” in New Delhi on 27th -28th August 2015
and displayed our testing and training services to showcase the capabilities of IRMRA for the
delegates. The chief Guest Mr. N. S. Tomar Hon’ble Union Minister of steel & Mines, Govt of
India visited our stall were happy to note the testing facilities available and enquires started
coming from the participant and interacted with IRMRA scientist and appreciated the role of
IRMRA for the growth of Rubber Industry and to promote make in India.
NABL assessor training participants with Mr. Anil Relia, Director, NABL, Dr. K. Rajkumar, Director, IRMRA and Shri S. Subramaniam (Faculty)
572015-16
17
IRMRA's officers in stall at 'Rub Tech 2015' New Delhi
Mr. N.S. Tomar Hon'ble Minister of steel & mines Govt of India,
Mr. V. K. Mishra Tech. Director of J. K. Tyre (IRMRA's GC Member) along with
other delegates in RUB Tech 2015
In-house Training Programme :-
IRMRA conducted inhouse training programme on “Rubber Technology'' at Bajaj Auto Ltd,
Akurdi, Pune on 23-24th December 2015.
The said training program was attended by 24 nos of the Bajaj Engineers
572015-16
18
IRMRA has got affiliation with Rubber Skill
Development Council (RSDC), a section 25
Company registered under companies Act 1956.
RSDC has authorized IRMRA to conduct the
training for the following listed Qualification pack
(Job role)
ØMill Operator
ØCompression Moulding Operator
ØInjection Moulding Operator
ØLab Chemist-Incoming raw material testing
ØLab Chemist- Batch release testing
ØLab Chemist-Cured compound testing
IRMRA’s Visit To UBS, Karjat :-
IRMRA arranged a visit of Team of Industry persons / stake holders of Rubber Industry to th
Universal Business School [UBS] campus at Karjat on 5 March 2016.
The expert team included many of the GC members including President, IRMRA and other
members from AIRIA, IRI, Govt organizations like Ministry of Defense etc.
Senior officials of IRMRA also were present during discussion and deliberation on the scope of
work / objective / purpose of starting a “Rubber Management school”.
572015-16
19
Quality Management System :-
This dept is headed by the Quality Manager, Mr. Niteesh Shukla, Asst. Director and assisted by
Dy. Quality Manager, Dr. Bharat Kapgate, Sr. Scientific Officer. instrumental in implementing
and maintaining the quality credentials of International repute so as to accept the test Certificates
of the IRMRA valid across the Globe and also helps the Govt of India to effectively implement the
Quality Order issued for automotive tyres and tubes.
The dept has the following Quality Credentials of the International repute
Ø
ØISO 9001:2008 Certification
ØBIS Recognition
ØCEMILAC Recognition
ØDSIR Recognition
ØDGMS Recognition
The activities of the dept also to ensure the continual improvements in the performance of the
systems, Products and the services rendered to the customers. It also ensures that competency
of the laboratory is up kept to meet the requirement of the International Standards by way of
participating in the Proficiency and Inter laboratory comparison test program.
The department also added new quality credentials such as NABET (National Accreditation
Board for Education and Training, QCI) for 04 days laboratory Management system training
course as per ISO/IEC 17025:2005. The department also started working to get NABCB
Accreditation as per ISO/IEC 17020:2012 for Third Party Inspection Services.
IRMRA – Newsletter (IRTF) :-
ISO/IEC 17025:2005—NABL Accreditation
In order to improve the communication between
IRMRA and its members and other stake holders, a
new initiative has been taken by the under signed to
publish IRMRA’s news letter. Accordingly, IRMRA’s
News letter namely “IRMRA Rub Tech Focus - IRTF”
Vol. 1,Issue No. 1 (May 2015) was released by Hon.
Sri. Chandrakant Khaire, Hon’ble member of
Parliament during workshop held in Aurangabad on th
26 July 2015.
The newsletter will be used to communicate with the
members of IRMRA and Industry about happening at
IRMRA, some technical news and other important
events / workshop / training / conference related
information. This newsletter will be issued on monthly
basis and will inform all the members about latest
happenings, new facilities etc.
Mr. Chandrakant Khaire, Hon. Member of
Parliament launches IRMRA News Letter
in IRMRA’s Workshop held at Aurangabad
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IRMRA-CII, Rubber Conference (ICRC 2015) :-
IRMRA and Confederation of Indian Industry, CII have jointly organized the Conference (ICRC-
2015) on “Empowering the Rubber and Allied Industry through Indigenization, Innovation on
Technology, Materials and Processes” on 16-17th December 2015, Mumbai in parallel with
Rubber World Expo 2015.
Conference was inaugurated by chief guest Rear Admiral, S. P. Lal, Admiral Superintendent of
Dockyard, Ministry of Defence, GOI, Naval Dockyard, Mumbai in presence of Guest of Honor
Shri. Gurdip Singh Anand, Principal Founder Chairman & M. D. Universal Business School,
Karjat.Shri.Rajendra V. Gandhi, Managing Director,.GRP Ltd. Mumbai & President of IRMRA.
Dignitaries on the Dias :-
The IRMRA–CII Rubber conference (ICRC-2015) which was attended by eminent academicians
from IIT’s, Scientists from various R&D establishments and industry has proved a promising
gateway for discussing the future of Manufacturing and Research on Rubber and allied
materials. Many discussions emerged that new research and developmental needs in Defense,
automotive, Railways sectors and participants have interacted with the officials participated from
these sectors.
Dignitaries on the Dias
Left to riight Dr. Rajkumar, (Director IRMRA), Shri. Tom Thomas, Ceat Ltd. Rear Admiral S.P. Lal, (
Shri. Rajendra Gandhi, (MD, GRP Ltd. & President IRMRA) & Shri. Gurdip Singh Anand, Principal Founder,
Chairman & M. D. Universal Business School
Chief Guest)
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IRMRA announced an award of Rs. 30,000/- and Rs. 20,000/- respectively
for 1st and 2nd best Technical papers presented in the conference.
st thIRMRA's AGM And 1 AGM Award Ceremony Held On 30 Sept 2015
Members participating in AGM meeting
56th Annual General Meeting of IRMRA was held on 30th September 2015 at 2.30 P.M
followed by first IRMRA’s AGM Award Ceremony. Dr.Raghupati Singhania, Chairman &
Managing Director of J K Tyres Ltd. the President of IRMRA presided over the meeting. Many
members of IRMRA have participated in the meeting. During Presidential address, Dr.Singhania
appreciated the role of IRMRA for growth of Rubber Industry and complemented the team of
IRMRA. For the first time in the History of IRMRA, it announced its AGM awards appreciating the
contributing business partners in different sectors including MSMEs. The President of IRMRA
also felicitated the Awardees from Tyre sectors, Non Tyre Sectors, MSME sectors including the
Government sectors with AGM Award and certificate of appreciation.
Business Partners with Awards :-
M/s MRF Ltd has won the best business partner award in the tyre sectors and M/s GRP Ltd has
won winner in the Non tyre sectors. M/s Ashapura Rubber Udyog has won the best business
partner award in the MSME sector.
M/s Michelin India Pvt Ltd, M/s Asian Paints ltd, M/s Bymer Elastomer had stood runner up. Also,
to express the gratitude and appreciation to employees who served organization for longer
period, IRMRA instituted its Long Service awards in different category depending on the tenure
of service put in the organization.
President, IRMRA with Long Service Awards Recipients
The employees who completed 15, 20 & 25 years of service at IRMRA received the long service
awards and President of IRMRA distributed awards and a certificate of appreciation to all 15
awardees of IRMRA for their long service rendered to IRMRA.
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Members participating in AGM meeting Business Partners with awards
President, IRMRA with long service awards recipients
Dr. R. Singhania congratulating the winners
Dr. R. Singhania congratulated the winners of all awardees and appreciated the business
patronage with IRMRA and look forward to have support from coming years also.
Dr. K. Rajkumar, Director, IRMRA proposed vote of thanks to all the participants of Annual
General Meeting and congratulated all the winners of the Awards during the day and thanked
them for their continued support and patronage with IRMRA.
Participation in 63rd ISO / Tc 45 Meetings:
Our scientist regularly participate in the BIS and ISO meeting and contribute for developing
standards at national and International levels.
Dr. K. Rajkumar, Director, who is also recipient of long service award of IRMRA, informed that an thAward Committee was constituted as per the decision taken by 55 AGM held on 24th April 2015
to decide upon the list of awardees based on the criteria set for each of category.
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23
On behalf of BIS, a 6 member team of Indian delegation lead by Shri. N. Rajagopal have rd th th
participated in the 63 ISO TC 45 meeting held in Vichy, France during 17 to 25 October 2015.
The following members have participated in the meeting :
1. Shri. N.Rajagopal, Rubber Board Head of Delegation [India]
2. Mr. K. Rajkumar, IRMRA, Member of Delegation
3. Dr. R.K.Mathan, Revertex, Member of Delegation
4. Dr. Arup K Chandra, Apollo tyres Ltd., Member of Delegation
5. Dr. Saikat Dasgupta, HESETRI, Member of Delegation
6. Shri Chandrakesh Singh, BIS Member of Delegation
While participating in the deliberation for framing the specification, and passing the resolution,
the Indian experts defended our national interest by taking into consideration about the capability
of Indian Industries and their ability to comply with specification. India has taken the Project
Leadership role for framing the standards under New Work Item Proposal (NWIP) for Reclaim
Rubber, Determination of residual non rubber content in Natural rubber, and Latex Products, and
revision of ISO :8789 specification of Hose. IRMRA regularly participates in Inter laboratory
comparisons and Proficieny testing programs as per the requirements of NABL accreditation
and performance of IRMRA found satisfactory.
572015-16
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Publication of Technical Papers in National / International Journals:
IRMRA scientists are involved in academic Research activities and they are closely working with
other Institute professionals / Students. Students from IIT, NIT and other Institutes are also
regularly come to IRMRA for carrying out their Internship projects. The research findings are
published as part of their Thesis which will be a part of their academic course curriculum and
some of findings also leading to publication in leading national and international journals.
The following technical papers have been published in national and international Journals during
last year.
1. Comparative studies in dispersing nanoparticles in a styrene butadiene rubber matrix via
different blending methods, Ajay Vasudeo Rane, a, Abitha V K, Suchithra P.S, and
K.Rajkumar, Journal of Nano Research Vol 32 ( Apr. 2015) pp 43-50.
2. Fatigue Life Estimation of an Elastomeric Pad by å-N Curve and FEA, B. K. Suryatal, H.
G. Phakatkar, K. Rajkumar, P.Thavamani, Journal of Surface Engineered Materials and
Advanced Technology, Apr2015, Vol5, 85-92.
3. Environmental concern of pollution in Rubber Industry, Santosh C. Jagadale,
K.Rajkumar, R.P.Chavan, D.N.Shinde, C.L.Patil, International Journal of Research in
Engineering and Technology, Vol. : 04 Issue: 11 Nov-2015, 187-191.
4. Lignin as Plasticizers in Nitrile Rubber , Its effect of properties, International Journal of
Research in Engineering and Applied Sciences, Vol. : 6, Issue 3, March, 2016 p. 78-84.
5. Chitosan composites reinforced with nanostructured waste fly ash, Akshata G. Patil, S.
Poornachandra, Ramesh Gumageri, K. Rajkumar, S. Anandhan, Journal of Material
Cycles and Waste Management, Communicated: 30 July 2015 / Accepted: 22 March
2016 Springer Japan 2016.
6. Mechanical, thermal and morphological analysis of EPDM / polypropylene coconutpith
composites, V.K.Abitha, K.Rajkumar, Macromolecules, MMAIJ, 11(1), 2015 p. 001-007
Presentation Of Technical Papers in National / International Conferences :
The following papers were presented in various national and international conferences.
ØDr. K.Rajkumar, Director had given a lecture on “Role of Testing & Characterization of
Rubber Products in indigenization and to promote “Make in India” at National Rubber th thConference, from 7 to 8 August 2015 at New Delhi.
ØMr. Niteesh K Shukla, Asst. Director has given a technical talk on ‘’ Role of IRMRA on
Indigenization of rubber products for Defense application to promote make in India initiative
“ at HAL, Nashik
Ø Dr. K. Rajkumar delivered training to the international participants at Global Rubber, Latex
and Tyre Expo,GRTE 2016, Bangkok in month of March 2016.on the following topics :
572015-16
a. An approach to failure investigation of Rubber Products.
b. Cost of poor quality – a measure to alert Small and Medium Rubber Industries
c. Dynamic mechanical testing of Rubber Products
d. Rubber nanocomposites – Future trends
e. Reverse engineering of rubber products - an over view
f. Measurement of uncertainty in Physical testing of Rubber Products :
g. Quality control Laboratory for small scale rubber industry – an overview
Mr. Niteesh K Shukla, Asst. Director has given the training on following topics at Global Rubber,
Latex and Tyre Expo, GRTE 2016, Bangkok in month of March 2016.
oTyre Safety Test Methods & Standards
oGlobal Tyre Regulation
oUniformity and Balancing of Tyres
Mrs. Suchismita Sahoo, Asst. Director has given a lecture on “LAYER VULCANIZATION
An opportunity to improve life of rubber products cost effective” at the Gujarat Rubber Show th thorganized by GRMA from 19 to 20 February 2016.
Training and Conferences attended / Visits made by IRMRA Scientists:-
1. Dr. K.Rajkumar, Director has participated in National Rubber Conference 2015 organised th thby AIRIA, NR, Delhi from 07 to 8 August 2015 in New Delhi.
2. Mrs. Suchismita Sahoo, Asst. Director has participated in the Gujarat Rubber Show th st
(GRMA) from 19 to 21 February 2016 at Gujarat.
3. Mr. Niteesh K Shukla, Asst. Director has participated in “IRCO RUBBER CON 2015”
organized by Indian Rubber Institute (IRI) in month of March 2016.
4. IRMRA’s scientists visited Global Rubber, Latex and Tyre Expo, GRTE 2016, Bangkok
[GRTE 2016] during 8-11, March 2016 at Bangkok and shown IRMRA’s facilities at Expo
and IRMRA’s Scientists also organized training programs.
IRMRA scientists at GRTE, 2016, Bangkok along with organizer and Prof. D Khastigr,
IIT Kharagpur
Dr K Rajkumar was faculty at GRTE 2016 and others international participants
25
572015-16
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Collaboration with Academic Institutions For Industrial Research And Development
1) Academic Collaboration With IIT, CUSAT, etc, if any:
IRMRA has collaborated with academic institutions like IIT Kharagpur, IIT Patna &CUSAT
Cochin etc
Every year students from these institutes visits IRMRA for their One year M.Tech project, 2-
3 months B.Tech project and Summer Internship.
2) MOU with Colleges for Job Oriented Training Courses :-
IRMRA has signed MoU with Dnaynasadhana College, Thane, to impart skill development
training courses to science undergraduates & post graduates students to find and grow
their fruitful career in Rubber & allied Industry. Exclusively, IRMRA has developed a high
learning 200 hours job oriented training course on Rubber Technology and Instrumental
Techniques.
Under the HRD programme IRMRA is supporting industrial / academic collaborative
research programmes by which various institutes benefited by way of academic industrial
projects for their undergraduate and post graduate technology courses on rubber
technology. The following Institution have sent their students to IRMRA under Academic
Research work program on Rubber Technology during the year 15-16
th“ Director, IRMRA in Panel Discussion during 4 National Conclave for Laboratories”
conducted by CII during 14-15 September 2016.
572015-16
27
S. No. Names of Institute No. of Course
students.
01 National Institute of 1 M.Tech (Material Science & Eng.)
Technology, Karnataka
02 Indian Institute of 1 M.Tech (Rubber Technology)
Technology, Kharagpur
02 Cochin University of 3 B.Tech (Polymer Science
Science & Technology, Kerala & Technology)
03. MG University, Kerala 3 B.Tech. (Polymer Engineering)
03 Shivaji RaoJhondale College, 3 B.E.(Chemical)
Mumbai
04 MIT School of Management, 1 MBA (Summer Internship Project)
Pune
All the students have successfully completed their projects and the faculty of respective
institute acknowledged our support for their students.
As a tradition, in order to promote better understanding and team spirit not only among the
employees but also with their family members, IRMRA organized “Independence Day
Celebration” with their employees and their family members.
The celebration began with flag hoisting followed by break fast and cultural programme
performed by the employees and their children. At the end of programme, awards were given
for the best “employee” in each category and attendance award.
Events Organised at IRMRA :-
Our HR and Administration has been taking care of the welfare of our employeesand
organised various events as they are our assets and many of them have put up several years
of services with IRMRA.
th 70 Independence Day Celebration :-
.
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28
Dussehra Celebration
IRMRA celebrated the Dussehra festival.
All employees of IRMRA
actively involved in celebrating
the God of Victory.
Swachh Bharat mission programme
As directed by Govt. of India, IRMRA
observed the Swachh Bharat mission
programme on 2nd October 2015. All the
employees assembled together at 9.45 a.m.
and took the “Swachhta Shapath” (Pledge) as
circulated by Ministry and after that all
employees went together to clean outside and
inside of the premises, laboratories,
workplace, workshops etc.
572015-16
29
Observance of Vigilance Awareness Week
As directed by Central Vigi lance
Commission, Govt. of India IRMRA
observed the Vigilance Awareness Week -
2015 from 26th October 2015 to 31st
October 2015. The observance of the
Vigilance Awareness Week commenced
with the pledge as circulated by Ministry.
The theme of the observing Vigilance
Awareness Week was "Preventive
Vigilance is a tool of Good Governance”.
Retirement Of Shri. Dileep Kumar :-
One of our employee Mr. Dileep Kumar
has retired from the services of IRMRA
after 34 years long service to IRMRA th
on 30 June 2015.
A farewell function was organized by
IRMRA for Mr.Dileep Kumar on
30th June 2015 and all employees
of IRMRA wished him
for his happy and retired life.
572015-16
30
Team Building activities :-
All HODs and SHs / key officers involved in testing, training, consultancy and R&D services were
taken to a Resort in Lonavala as a part of team building exercises for a training session and th thQuarterly Review Meeting on 16 and 17 July 2015.
A training session on “Conflict Management leads to improved performance of employees to
achieve the goals and objectives of Organization”was conducted by a senior faculty [corporate
management trainer] Dr.Sanjeevani Gogovale from a leading business school of Management,
in Pune.
IRMRA’s Officers team along with Dr.K.Rajkumar, Director, Dr. Sanjeevani Gogavale ,
(Corporate management trainer.)
The entire session was moderated by the Director and HR advisor keeping the interest of
IRMRA’s business process and its improvisation.
As a part of Internal Competency Building Series, IRMRA organized a following
Training/Seminar for the scientific team of IRMRA on 12th Jan 2016 and 13th Jan 2016 at
IRMRA, Board Room.
Dr. Bharat P. Kapgate gave the training on the topic: Nano fillers in Rubber-Rubber Blends.
Outside Expert Dr. T J M Sinha delivered lecture on New Project on Nano Technology
The whole team of IRMRA scientists actively participated in this training/seminar.
IRMRA's Officers team along with Dr. K. Rajkumar, Director, Dr. Sanjeevani Gogavale , (Corporate management trainer.)
Sports Inaugural Function :-
Sports recreation activities started as a new initiative for team building and interpersonal skills
development.
Sports recreation activities were inaugurated by Mr. Niraj Thakkar,GC member of IRMRA.
During inauguration, he appreciated the new initiative of IRMRA and make use of such an young
team to make IRMRA to newer heights. This initiative has been started to create a conducive
environment at IRMRA and will helpin improving interpersonal relationship, interdepartmental
relationship and healthy competitiveness among the fellow employees.
Small sports tournament will be organized shortly by IRMRA. Games like cricket and badminton
started for the employees to play in the evening session after office hours.
572015-16
31
Outside Expert Dr. T. J. M. Sinha delivering lecture
Dr. Bharat P. Kapgate giving training
572015-16
32
Our Gratitude and Appreciation:We are very much thankful to all our customers, life time and ordinary members for their business associations with IRMRA. We also thank all suppliers for their continued support all the time to facilitate our business operations.
We are grateful to the Secretary, IPP, Joint Secretaries of DIPP, Dy. Secretary,DIPP, Under Secretary, DIPP and other dept. officials from the Ministry of Commerce & Industry, Govt. of India for their administrative support in successfully managing the state-of-the art facilities and making IRMRA as one of the most prominent R&D Institutes in the World for both tyre and non tyre sectors.
We would like to convey our sincere thanks to our President Shri. Rajendra Gandhi, Managing Director, GRP Ltd, for his continued guidance and support to IRMRA .
Our sincere thanks to all members and chairmen of Research Advisory Committee (RAC), HR Committee, Purchase Committee, and Finance Committee for their valuable guidance & support extended during the year.
Our sincere thanks also to all our Governing Council Members for their advice and guidance, our customers and members for their valuable patronage and supporting institutes like Rubber Board, AIRIA, ATMA, IRI, ARAI, BIS, TSSIA, COSIA and we value their long business relationship in future also and last but not the least, to all our employees, without whose support, IRMRA would not have progressed to such an extent.
We also thank all our certifying agencies such as NABL, BIS, TUV Nord, RSDC, CEMILAC, DGMS, NABET, NABCB, QCI, for their extended support to IRMRA by granting certifications and accreditations, through which IRMRA could extend its services beyond the border our country.
I personally thank all my officers, colleagues and supporting staff for all their contributions and cooperation to serve the customers / stake holders. We solicit sincere co-operation and support from all concerned to make IRMRA, as one of the best R&D Institutes in our country.
Yours Sincerely,
s/d,Dr. K. Rajkumar
Director
572015-16
33
EMPLOYEE’S OF IRMRA
HODs / Section Heads(From Left to Right : Mr. Prashant Bankar, Sr. Officer HR/Admin, Mrs. Suchismita Sahoo, Asst. Director,
Mr. Niteesh Shukla, Asst. Director, Dr. K. Rajkumar, Director, Mr. Mohammed Anis, Asst. Director, Mr. Mahesh Vaja, Chief Account Officer, Dr. Jayaramudu, Asst. Director,
Mr. T. V. Sethumadhavan, Asst. Director,
Center of Excellence for Tyre Research, Testing and Certification Team (From Left to Right : Mr. Sushant Patil, Jr. Technical Officer, Mr. Niteesh Shukla, Asst. Director,
Dr. K. Rajkumar, Director, Dr. Bharat Kapgate, Sr. Scientific Officer, Mr. Deepak Tayade, Jr. Technical Officer,
572015-16
34
EMPLOYEE’S OF IRMRA
Non Tyre Testing Team -: (Sitting from Left to Right : Mr. Bhaskar Dumbre, Jr. Scientific Officer-B, Mr. B. S.Yadav, Sr. Officer, Dr. Jayaramudu, Asst. Director, Dr. K. Rajkumar, Director, Mr. Manohar Nawale, Sr. Scientific Officer,
Mr. D. J. Maurya, Jr. Sc. Asst., Mrs. Suhasini Katke, Jr. Scientific Officer-A, (Standing from Left to Right : Mr. Saburaj, Jr. Sc. Asst., Mr. Shantaram Naik, Sr. Lab. Asst-A,
Ms. Priti Rasam, Sr. Lab. Asst-A, Mr. Raju Shetty, Sr. Sc. Asst-A
Customer Service Team(From Left to Right : Mrs. Suchismita Sahoo, Asst. Director, Mr.N. A. Phondke , Sr. Officer,
Dr. K. Rajkumar, Director, Mr. B. R. Arote, Jr. Scientific Officer-B, Mr. Sriram Iyer, Jr. Scientific Officer-B,
Processing/Product Development Team(From Left to Right : Mr. Jayaram Shetty, Jr. Scientific Officer-A,
Mr. Sandeep Gnana S. R. , Sr. Scientific Officer, Dr. K. Rajkumar, Director, Mr. Mohammed Anis, Asst. Director, Mr. Rajendra More, Sr. CNC Machine Operator-B,
Mr. Shankar Abhang, Sr. Laboratory Attendant-B
Non tyre testing and Customer Service team
Project/RND Team(From Left to Right : Mr. Umesh Sawant, Laboratory Attendant, Mr. Santosh Jagadale, Jr. Scientific Officer,
Mr. Samji Victor, Jr. Scientific Officer, Dr. K. Rajkumar, Director, Mr. T.V. Sethumadhavan, Asst. Director, Mr. Chandan Choudhuri, Jr. Scientific Officer-B
EMPLOYEE’S OF IRMRA
HODs/Functional Heads
572015-16
35
572015-16
36
EMPLOYEE’S OF IRMRA
Admin and Director Office Team(From Left to Right : Mr. Premsingh, Security Attendant,
Mrs. Rajakantham Iyappan Das, Sr. Secretarial Asst.-B, Mr. Prashant Bankar, Sr. Officer HR/Admin, Dr. K. Rajkumar, Director, Mr. Chetan Deshmukh, Officer Maintenance, Mr. Vivek Acholkar, Elect. Maint. Asst.
Account Team(From Left to Right : Mr. K.S. Shankar, Sr. Com. Asst.-B, Mr. Mahesh Vaja, Chief Account Officer,
Dr. K. Rajkumar, Director, Mr. Narayanan Kutty, Sr. Com. Asst.-B
572015-16
DR.K.RAJKUMAR Director
MR.MOHAMMED ANIS Assistant Director
MR. NITEESH SHUKLA Assistant Director
MR. T. V. SETHUMADHAVAN Assistant Director
DR. JAYARAMUDU JARUGALA Assistant Director
MRS. SUCHISMITA SAHOO Assistant Director
MR.N.A.PHONDKE Senior Officer
MR.MANOHAR NAWALE Senior Scientific Officer
MR.SACHIN BARVE Senior Scientific Officer
DR. BHARAT P. KAPGATE Senior Scientific Officer
MR. GNANA SANDEEP S. R. Senior Scientific Officer
MR.B.S.YADAV Senior Officer
MR. CHETAN DESHMUKH Officer Maintenance
MR. B.R.AROTE Jr. Scientific Officer B
MR.CHANDAN CHOUDHURI Jr. Scientific Officer B
MR.BHASKAR R.DUMBRE Jr. Scientific Officer B
MRS.SUHASINI KATKE Jr. Scientific Officer A
MR.SABURAJ Junior Scientific Asst.
MR.SAMJI VICTOR Jr. Scientific Officer
MR.D. J.MAURYA Junior Scientific Asst.
MR.SANTOSH JAGDALE Jr. Scientific Officer A
MR.JAYARAM SHETTY Jr. Scientific Officer A
MR.SRIRAM IYER Jr. Scientific Officer B
MR.RAJU S.SHETTY Sr. Scientific Asst. A
MR. SHANTARAM NAIK Sr.Lab.Asstt. - A
MR. NILESH N. JADHAV Jr. Lab. Asst.
MS.PRITI RASAM Sr. LAB. ASST.
MR.VIVEK ACHOLKAR Elect.Maint.Assistant
MR.RAJENDRA MORE Sr. CNC Machine Operator
MR. SUSHANT PATIL Junior Technical Officer A
MR. DEEPAK TAYADE Junior Technical Officer A
MR. SAMEER GANDHI Jr. Lab Asst.
OUR EMPLOYEES: OUR ASSETS
MR. PRASHANT BANKAR Senior Officer HR / Admin
MR. KIRAN S SHETTY Junior Administrative Officer
MRS.RAJAKANTHAM IYAPPAN DAS Junior Officer (Secretarial Service Director’s Office)
MS.VAISHALI HODAVDEKAR Senior Stenographer
MRS.MINAL PATIL Sr.Com.Asstt. - A
MS.SONALI WADKAR Senior Accounts Asst.
ADMINISTRATIVE STAFF
MR.MAHESH VAJA Chief Accounts Officer
MR.HEMANT KHAIRNAR Assistant Finance Officer
MR.NARAYANAN KUTTY Sr.Com.Asstt. - C
MR.K.S.SHANKAR Sr.Com.Asstt. - B
ACCOUNTS & FINANCE STAFF
37
572015-16
38
Report on the financial statements
We have audited the accompanying financial statements of INDIAN RUBBER MANUFACTURES
RESEARCH ASSOCIATION (‘the Association’’), which comprise the balance sheet as at 31 March,
2016 and the statement of Income and Expenditure and Receipts and Payment Account for the year then
ended, and a summary of significant accounting policies and notes on accounts.
Management’s responsibility for the financial statements
Management is responsible for the preparation of these financial statements that give a true and fair view of
the financial position, financial performance and receipts and payments of the Association in accordance
with the accounting principles generally accepted in India. This responsibility includes the design,
implementation and maintenance of internal control relevant to the preparation and presentation of the
financial statements that give a true and fair view and are free from material misstatement, whether due to
fraud or error.
Auditor’s responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of
India. Those standards require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment
of the risks of material misstatement of the financial statements, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control relevant to the Association’s preparation and
fair presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Association’s
internal control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of the accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
INDEPENDENT AUDITOR'S REPORT
Barodawala Mansion,
B-wing, 3rd Floor,
81, Dr. Annie Besant Road,
Worli, Mumbai - 400 018.
Tel.: 2496 9900 Fax : 2494 9905
E-mail : [email protected]
Website : www.mmnissim.com
M. M. NISSIM AND Co. (Regd.)
CHARTED ACCOUNTANTS
To The Members,
Indian Rubber Manufactures Research Association
Thane, Mumbai.
572015-16
39
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the financial
statements give a true and fair view in conformity with the accounting principles generally accepted in
India:st1) In the case of the Balance Sheet, of the state of affairs of the as at 31 March, 2016
2) In the case of Statement of Income and Expenditure, of the excess of Income over Expenditure for
the year ended on that date.
3) In the case of Receipts and Payments Account, of the receipts and payments for the year ended on
that date.
Emphasis of Matter
We draw attention to:-
1) Note No. 3 of Schedule 15 to the Financial Statements relating to absence of a Central Stores
Department and maintenance of stock register and periodic reconciliations with regards to
receipts/issues and closing stocks and inventories have been taken and valued based on the
verification conducted by the management as at the year end.
2) Note No. 5 of Schedule 15 to the Financial Statements relating to provision for depreciation on assets
acquired under “National Agriculture Innovation Projects” not being in strict compliance with
Accounting Standards issued by the Institute of Chartered Accountants of India.
3) Note No. 9 (a) of Schedule 15 to the Financial Statements relating to non provision of loss in respect
of Embezzlement of Cash by an employee of the Association in the absence of adequate information
and pending completion of investigation.
Our opinion is not qualified in respect of these matters.
We further report that:
a) We have obtained all the information which to the best of our knowledge and belief was necessary
for the purpose of our audit.
b) In our opinion proper books of account as required by law have been kept by the Association so far as
appears from our examination of those books.
c) The Balance Sheet, Statement of Income and Expenditure and Receipts and Payments Account dealt
with by this report are in agreement with the books of account.
d) In our opinion, the aforesaid financials statements comply with the Accounting Standards issued by
the Institute of Chartered Accountants of India, to the extent applicable.
For M. M. NISSIM & CO.
Chartered Accountants
Firm Regn. No. : 107122W
s/d
(N. Kashinath)
Partner
Mem. No. 36490
Place : Mumbai
Date : 19-05-2016
Schedule Rs. Rs.
As at As at
31.03.2016 31.03.2015
CAPITAL FUND AND LIABILITIES
CAPITAL FUND 1 5,561,082 5,163,582
RESERVES AND SURPLUS 2 395,949,020 354,028,512
PROJECT FUNDS 3 221,568,466 222,387,189
CURRENT LIABILITIES & PROVISIONS 4 50,734,651 39,333,964
TOTAL 673,813,218 620,913,247
ASSETS
FIXED ASSETS 5 168,703,636 186,407,485
CURRENT ASSETS, LOANS AND ADVANCES 6 505,109,583 434,505,762
T O T A L 673,813,218 620,913,247
-
-
SIGNIFICANT ACCOUNTING POLICIES 14 -
NOTES ON ACCOUNTS 15
Vide our report of even date
For M.M.NISSIM & CO. For, INDIAN RUBBER MANUFACTURERS
Chartered Accountants RESEARCH ASSOCIATION
Place : Mumbai
Date : 19th May 2016
(CA KASHINATH N.) (DR. K. RAJKUMAR) (Shree R. V. GANDHI)
PARTNER DIRECTOR PRESIDENT
572015-16
BALANCE SHEET AS AT 31ST MARCH 2016
40
s/d s/d s/d
572015-16
41
INCOME & EXPENDITURE ACCOUNTFOR THE YEAR ENDED 31st MARCH, 2016
Vide our report of even date
For M.M.NISSIM & CO. For, INDIAN RUBBER MANUFACTURERS
Chartered Accountants RESEARCH ASSOCIATION
Place : Mumbai
Date : 19th May 2016
PARTNER DIRECTOR PRESIDENT
(CA KASHINATH N.) (DR. K. RAJKUMAR) (Shree R. V. GANDHI)
Schedule Rs. Rs.
2015-2016 2014-2015
INCOME:
INCOME FROM OPERATION / SERVICES 7 139,744,627 145,944,473
GRANTS / SUBSIDIES 8 818,723 15,791,379
FEES / SUBSCRIPTION 9 262,000 347,500
OTHER INCOME 10 29,740,108 21,709,715
TOTAL 170,565,458 183,793,067
EXPENDITURE:
COST OF MATERIALS, CHEMICALS AND STORES 11 25,905,728 20,566,671
ESTABLISHMENT EXPENSES 12 49,849,966 46,517,994
OTHER ADMINISTRATIVE EXPENSES 13 32,739,620 27,314,815
DEPRECIATION 5 20,710,264 22,794,690
TOTAL 129,205,578 117,194,170
EXCESS OF INCOME OVER EXPENDITURE 41,359,880 66,598,898
ADD : PRIOR PERIOD ITEMS (Net) (Refer Note 8) 560,627 (1,345,600)
41,920,508 65,253,298
APPROPRIATIONS :
TRANSFERRED TO GENERAL RESERVE 41,920,508 65,253,298
SIGNIFICANT ACCOUNTING POLICIES 14
NOTES ON ACCOUNTS 15
s/ds/ds/d
572015-16
42
Receipts and Payments Accountfor the year ended 31st March 2016
Rs. Rs. Rs. Rs.
Receipts Current Year Previous Year Payments Current Year Previous Year
Opening Balances :
Cash on hand 12,936 13,069 Laboratory Chemicals, Stores & Spares 17,562,589 19,033,208
Bank current accounts 14,082,714 15,367,496 Establishment Expenses 47,749,073 41,812,533
Sponsored Projects / Testing Income 141,407,888 157,711,385 Administrative Expenses 32,178,993 28,887,138
Training / Workshop Fees 5,472,243 2,338,483 Fixed Assets purchased 3,009,006 2,048,210
Interest on Term Deposits 15,855,779
9,944,720
Investments in Term Deposits (Net) 43,511,336 82,280,721
Annual Fees/Subscriptions 262,000
347,500
Contribution For NAIP Projects 684,142 -
Other Income 947,074
1,746,507
Life Membership Contribution 300,000 100,000
Admission Fees 97,500 114,000
Staff Loans (Net) 420,200 474,300
Sale of Fixed Asset 2,591 -
Closing Balances :
Cash on hand 606 12,936
Bank current accounts 34,165,180 14,082,714
TOTAL : 178,860,925 188,157,460 TOTAL : 178,860,926 188,157,460
Vide our report of even date
For M.M.NISSIM & CO. For, INDIAN RUBBER MANUFACTURERS
Chartered Accountants RESEARCH ASSOCIATION
Place : Mumbai
Date : 19th May 2016
PARTNER DIRECTOR PRESIDENT
(CA KASHINATH N.) (DR. K. RAJKUMAR) (Shree R. V. GANDHI)
s/ds/ds/d
572015-16
43
SCHEDULES FORMING PART OF BALANCE SHEETAS AT 31st MARCH, 2016
SCHEDULE 1- CAPITAL FUND:
Life Membership Contribution
Balance as at the beginning of the year 3,425,000 3,325,000
Add: Contribution received during the year 300,000 100,000
Balance as at the end of the year 3,725,000 3,425,000
Admission Fees
Balance as at the beginning of the year 855,000 741,000
Add: Contribution received during the year 97,500 114,000
Balance as at the end of the year 952,500 855,000
Capital Donation Fund
Balance as at the end of the year 661,093 661,093
CSIR Capital Grant Fund
Balance as at the end of the year 222,489 222,489
TOTAL 5,561,082 5,163,582
SCHEDULE 2- RESERVES AND SURPLUS
SPECIAL RESERVES
Staff Welfare Fund:
Balance as at the end of the year 3,462,226 3,462,226
GENERAL RESERVE
Balance as at the beginning of the year 350,566,286 285,312,989
Add: Transfer from Income and Expenditure Account 41,920,508 65,253,297
392,486,794 350,566,286
TOTAL 395,949,020 354,028,512
Rs. Rs.
As at 31.03.2016 As at 31.03.2015
572015-16
44
SCHEDULES FORMING PART OF BALANCE SHEETAS AT 31st MARCH, 2016
2014-2015
A. CURRENT LIABILITIES:
Sundry Creditors
For Expenses 2,597,047 255,182 2,341,865
Others 3,592,805 1,770,847
6,189,852 2,026,029
Advances Received 30,154,312 25,018,342
36,344,165 27,044,371
B. PROVISIONS:
Accumulated Leave Encashment 7,284,295 6,702,725
Provision for Gratuity (Refer Note 11) 7,106,191 5,586,868
14,390,486 12,289,593
Total 50,734,651 39,333,964
2015-2016
SCHEDULE 4 - CURRENT LIABLITIES & PROVISIONS
SCHEDULE 3- PROJECT FUNDS
Laboratory Fund
Research &
Development
Fund
Contribution For
Sponsored
Research
Contribution
For NAIP
Projects
As at
31.03.2016 As at
31.03.2015
Balance at the Beginning of the year 296,000 13,709,898 194,311,373 14,069,918 222,387,189 238,121,633
Additions to the Funds / Grants - - - - - 56,935
296,000 13,709,898 194,311,373 14,069,918 222,387,189 238,178,568
Utilisation / Expenditure towards
objectives of the Grant:
Depreciation of Rs. NIL (Previous yearRs.1,49,71,558/- ) and Rs. 8,18,723/-(Previous year Rs.8,19,821/- )relating toSponsored Research and NAIP Projectrespectively are recognised in the Incomeand Expenditure Account. - - - 818,723 818,723 15,791,379
Transfer To Capital Fund - - - - - -
TOTAL 296,000 13,709,898 194,311,373 13,251,195 221,568,466 222,387,189
FUND WISE BREAK-UP TOTAL
572015-16
45
SCHEDULE FORMING PART OF BALANCE SHEETAS AT 31st MARCH, 2016
SCHEDULE 5 - FIXED ASSETS
TANGIBLE ASSETS
LEASEHOLD LAND 60,200 - - 60,200 - - - - 60,200 60,200
FREEHOLD LAND 29,055,500 - - 29,055,500 - - - - 29,055,500 29,055,500
BUILDINGS:
(On Leasehold Land) 18,863,915 - - 18,863,915 15,003,789 386,013 - 15,389,802 3,474,113 3,860,126
(On Freehold Land) 92,382,308 - - 92,382,308 44,818,897 4,756,342 - 49,575,239 42,807,069 47,563,411
LABORATORY EQUIPMENTS 248,971,880 - - 248,971,880 170,662,632 11,746,386 - 182,409,018 66,562,862 78,309,248
VEHICLE 2,340,194 - - 2,340,194 999,478 201,106 - 1,200,584 1,139,610 1,340,716
FURNITURE AND FIXTURE 5,826,061 75,671 - 5,901,732 3,612,766 225,113 - 3,837,879 2,063,853 2,213,295
OFFICE EQUIPMENTS 2,783,095 617,459 1,500 3,399,054 1,632,337 226,492 - 1,858,829 1,540,225 1,150,758
COMPUTER/PERIPHERALS 7,312,927 1,582,633 - 8,895,560 7,145,936 920,246 - 8,066,182 829,378 166,991
ELECTRICAL INSTALLATION 16,765,938 - 1,091 16,764,847 13,069,938 369,497 - 13,439,435 3,325,412 3,696,000
LIBRARY BOOKS 874,474 - - 874,474 874,474 - - 874,474 - -
FIRE FIGHTING EQUIPMENTS 125,306 - - 125,306 118,848 969 - 119,817 5,489 6,458
DIES AND TOOLS 9,863,008 105,675 - 9,968,683 7,593,016 348,425 - 7,941,441 2,027,242 2,269,992
OTHER FIXED ASSETS 86,351 - - 86,351 84,717 407 - 85,124 1,227 1,634
PLANT & MACHINERY 5,104,107 626,477 - 5,730,584 973,228 674,954 - 1,648,182 4,082,402 4,130,879
NAIP - EQUIPMENTS 15,130,770 - - 15,130,770 4,327,484 718,086 - 5,045,570 10,085,200 10,803,286
NAIP Coir Equipments 2,148,742 1,091 - 2,149,833 512,118 100,636 - 612,754 1,537,079 1,636,624
INTANGIBLE ASSET
Software 1,655,896 - - 1,655,896 1,513,530 35,592 - 1,549,122 106,774 142,366
TOTAL 459,350,672 3,009,006 2,591 462,357,087 272,943,188 20,710,264 - 293,653,452 168,703,636 186,407,485
PREVIOUS YEAR 457,302,462 2,048,210 - 459,350,672 250,205,434 22,794,690 56,935 272,943,188 186,407,485 207,097,028
As at 31.03.2015
DESCRIPTION
GROSS BLOCK DEPRECIATION NET BLOCK
Cost as at 01.04.2015
Additions during the
year
Deductio
ns during the year
Cost as at 31.03.2016
As at 01.04.2015
Provided during the
year
Deductions
during the year
Total Up to 31.03.2016
As at 31.03.2016
572015-16
46
SCHEDULE FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2016
Rs. Rs.
As at 31.03.2016 As at 31.03.2015
SCHEDULE 6 - CURRENT ASSETS, LOANS AND ADVANCES.
A) CURRENT ASSETS:
Inventories:
Developed Rubber Products 1,861,707 1,397,279
Work in Progress - 5,497,274
Chemical, Stores and Spares 601,628 239,090
2,463,335 7,133,643
Sundry Debtors: (Unsecured, Considered Good, unless otherwise
stated )
Debts Outstanding for a period exceeding six months :
Considered Good 42,935,574 62,433,779
Considered Doubtful 6,000,000 8,000,000
48,935,574 70,433,779
Less: Provision for Doubtful Debts 6,000,000 8,000,000
42,935,574 62,433,779
Others (Less than 6 months) 17,498,671 -
60,434,246 62,433,779
Cash Balance in hand 606 12,936
Bank Balances:
With Scheduled Bank
In Current Accounts 34,165,180 14,082,714
In Deposit Accounts 347,872,609 304,361,273
T O T A L (A) 444,935,976 388,024,345
B. LOANS, ADVANCES AND OTHERS ASSETS:
( Unsecured , Considered Good )
Staff Loans 1,228,650 1,648,850
Advances and other amounts recoverable in cash or kind
or for value to be received 7,431,619 6,940,627
Tax Deducted at Source 30,342,264 24,399,984
NAIP Project Receivables 2,785,821 2,101,679
Interest Accrued on Deposits 18,385,252 11,390,277
T O T A L (B) 60,173,606 46,481,417
T O T A L (A + B) 505,109,583 434,505,762
572015-16
47
SCHEDULES FORMING PART OF INCOME & EXPENDITUREFOR THE YEAR ENDED 31ST MARCH, 2016
Rs. Rs.
2015-16 2014-15
Sponsored Projects: (Refer Schedule 3)
Deferred Income(revenue grant) 8,18,723 15,791,379
TOTAL 8,18,723 15,791,379
SCHEDULE 7 - INCOME FROM OPERATION / SERVICES
SCHEDULE 8 - GRANTS/SUBSIDIES (Irrevocable Grants & Subsidies Received)
Testing & Investigation Charges 81,261,456 92,498,525
Training / Workshop Fees & other recoveries 5,472,243 2,338,483
Miscellaneous Income -
2,543
Development Income 53,010,928 51,104,922
TOTAL 139,744,627 145,944,473
Rs. Rs.
2015-16 2014-15
INTEREST :
On Term Deposits with Scheduled Banks 28,793,034 20,926,494
On Staff Loans 138,732 219,196
On Saving Bank Account 660,698 299,140
Sundry Other Income 12,590 3,814
Royalty (TOT) fees 46,917 41,463
Rent Received - 56,899
Sundry Balances written back(net) - 162,709
Sale Of Scraps 88,137 -
TOTAL 29,740,108 21,709,715
572015-16
48
SCHEDULES FORMING PART OF INCOME & EXPENDITUREFOR THE YEAR ENDED 31ST MARCH, 2016
SCHEDULE 10 - OTHER INCOME
Annual Fees/Subscriptions 262,000 347,500
TOTAL 262,000 347,500
SCHEDULE 9 - FEES/SUBSCRIPTIONS:
572015-16
49
SCHEDULES FORMING PART OF INCOME & EXPENDITUREFOR THE YEAR ENDED 31ST MARCH, 2016
Rs. Rs.
2015-16 2014-15
Salaries, Wages and Allowances 40,526,708 37,340,719
Contribution to Provident , Gratuity and Other Funds 7,166,737 6,999,847
Staff Welfare Expenses 2,156,521 2,177,428
TOTAL 49,849,966 46,517,994
SCHEDULE 12 - ESTABLISHMENT EXPENSES:
Laboratory Chemicals, Stores & Spares Consumed 21,235,420 20,628,314
( Increase ) / Decrease in Stock 4,670,308 (61,643)
TOTAL 25,905,728 20,566,671
SCHEDULE 11 -COST OF MATERIALS,CHEMICALS AND STORES
572015-16
50
SCHEDULE FORMING PART OF INCOME & EXPENDITUREFOR THE YEAR ENDED 31ST MARCH, 2016
Rs. Rs.
2015-16 2014-15
SCHEDULE 13 - OTHER ADMINISTRATIVE EXPENSES:
Power, Gas and Water Charges 8,566,242 8,305,111
Repairs & Maintenance on Plant & Machinery & other Assets 7,050,008 4,212,625
Insurance 153,760 283,546
Rates and Taxes 441,444 100,602
Vehicles Running, Repairs and Maintenance 316,661 197,179
Postage, Telephone and Communication Charges 506,032 462,263
Printing and Stationary 707,728 543,003
Travelling and Conveyance Expenses 1,280,545 835,994
Expenses on Seminar/Workshops/Conference 1,905,974 2,089,880
Subscription Expenses 32,800 16,816
Audit Fees 115,000 100,000
Professional Charges 3,045,151 3,062,914
Finance Charges 1,207,037 767,377
Liquidated Damages 604,905 -
Freight and Forwarding Expenses 1,260,257 1,578,254
Advertisement Expenses 261,773 91,875
Computer & Miscellaneous Expenses 314,373 361,409
Provision for Doubtful Debts 4,690,670 4,000,000
Recruitment Expenses 262,362 305,967
Bad Debts Written off 6,690,670 -
Less: Provision for doubtful debts written back 6,690,670 - -
Sundry Balances written off 16,899 -
TOTAL 32,739,620 27,314,815
572015-16
51
SCHEDULE 14 – SIGNIFICANT ACCOUNTING POLICIES:
A. ACCOUNTING CONVENTION:
The financial statements are prepared on the basis of historical cost convention and on the accrual method of
accounting and in accordance with the applicable Accounting Standards issued by The Institute of Chartered
Accountants of India, except where otherwise stated.
B. USE OF ESTIMATES
The presentation of financial statements requires the management to make estimates and assumptions that
affect the reported amount of assets and liablities on the date of financial statements and reported amount of
revenues and expenses during the reporting period. Differences between the actual results and estimates are
recognised in the period in which the results are known / materialised.Although these estimates are based
upon management best knowledge of current event and actions, actual results could differ from these
estimates
C. INVENTORY
Developed Rubber Products, Materials, Chemicals Stores and Spares are valued at lower of cost and net
realisable value. Cost of Materials, Chemical, stores and spares comprises of purchase cost . Developed
rubber products includes cost of conversion and estimated cost incurred in bringing them to their present
location and condition. Inventory is valued on FIFO basis.
D. FIXED ASSETS
a) Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental and
direct expenses related to acquisition.
b) Assets acquired under sponsored projects are capitalised in the year of acquisition, at cost.
c) Costs relating to acquisition of Software which are not an integral part of the related hardware is capitalised
as Intangibles
E. DEPRECIATION:
Depreciation is provided on written down value method as per Income Tax Rules from the date of their
Capitalisation, including assets created out of Government and other Grants, except for assets acquired under
NAIP Projects.
Assets Purchased / Acquired under NAIP Projects, depreciation for the year is provided on straight line
method at the rates stipulated for NAIP project assets. NAIP assets purchased in the year for a sum of less than
Rs. 10,000/- each are depreciated at the rate of 100% retaining a residual value of Rs. 1/-.
Cost of Leasehold land is not amortised over the lease period.
F. GOVERNMENT AND OTHER GRANTS:
Government / Other Grants are accounted when there is a reasonable assurance that the association will
comply with the conditions attached to them and there is reasonable certainty of its receipts.
Grants relatable to depreciable Fixed Assets are treated as Deferred Income and recognised in the Income and
Expenditure Account in proportion in which depreciation is charged. Recurring revenue expenditure towards
Sponsored Projects are appropriated from the fund and are recognised in the Income & Expenditure account.
SCHEDULE FORMING PART OF THE ACCOUNTS FORTHE YEAR ENDED ON 31st MARCH, 2016
572015-16
52
G. REVENUE RECOGNITION:
a) Sponsored Projects and items developed by the association are generally accounted at the time of
delivery and when the risks and rewards are transferred
b) Testing and Training fees are recognised as Income at contracted rates on rendering of the service.
c) Interest Income is accounted at contracted rates on time proportion basis.
H. FOREIGN EXCHANGE TRANSACTIONS:
Transactions arising in foriegn currencies during the year are recorded at the exchange rates prevailing on the
date of the transactions.Foriegn currency monetary items are converted into Rupees equivalent at the
exchange rates prevailing as on Balance Sheet date. Non- Monetary items are carried at historical cost
denominated in a foriegn currency and are reported using the exchange rate at the date of transaction.
Exchange differences arising on settlement /restatement of monetary items are recognised as income or as
expenses in the year in which they arise.
I. EMPLOYEE BENEFITS:
a) Defined Contribution Plans
The Association contributes to a defined contribution plan to Employees Provident Fund which is
administered by the Regional Provident Fund Authority, and has no further obligation beyond making its
contribution, which is expensed in the year to which it pertains.
Defined Benefit Plans
The liability for Gratuity is determined on the basis of an actuarial valuation as at the end of the year, which is
calculated using Projected Unit Credit Method. Actuarial gains and losses which comprise experience
adjustment and the effect of changes in actuarial assumptions are recognized in the Income and Expenditure
Account. The Gratuity Fund is administered by Trust through the Group Scheme of Life Insurance
Corporation of India. The premium paid is charged to Income and Expenditure account.
b) The employees are entitled to leave as per the leave policy of the association. The liability in respect of
unutilized leave balances is provided based on actuarial valuation as at the end of the year,calculated using
Projected Unit Credit Method
J. INCOME TAX:
The Association is notified under section 10 (21) of the Income Tax Act, 1961 and is exempted from payment
of Income tax.
K. PROVISIONS AND CONTINGENT LIABILITIES:
The Association recognises a provision when there is a present obligation as a result of a past event that
probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
may, but probably will not require an outflow of resources. Where there is a possible obligation or a present
obligation that the likehood of outflow of resources is remote, no provision or disclosure is made.Contingent
asset are neither recognised nor disclosed in the financial statement.
572015-16
53
SCHEDULE FORMING PART OF THE ACCOUNTS FORTHE YEAR ENDED ON 31st MARCH, 2016
SCHEDULE 15 – NOTES ON ACCOUNTS:
1. CONTINGENT LIABILITIES :
In respect of :-
a. Performance Bank Guarantee given by the Association Rs. 2,20,12,729/- (Previous Year Rs. 2,48,97,584/-),
b. Disputed VAT demands contested by the Association Rs. Rs. 1,07,77,573/-
(Previous Year Rs. 1,07,77,573/-),
c. Disputed Excise Duty demands contested by the Association Rs. 2,94,36,432/- (net of payment amounting
to Rs. 23,33,768/-) (Previous Year Rs. 2,94,36,432/-).
2 Pending reconciliation of amount of Taxes deducted at Source (TDS) with the relevant income tax records,
the amount of TDS receivable amounting to Rs. 30,342,264/- (Previous Year Rs. 2,43,99,984/-) has been
reflected as per the books of accounts. The management has initiated the process of regularising the
exemption granted vide notification no. 32 F No. 10/3063 - IT(AI) under section 10(21) read with clause (ii)
of sub-section (1) of section 35 of the Income Tax Act , 1961 exempting the association from payment of
Income Tax and also filing necessary income tax returns for the respective assessment years and is hopeful
of recovery of the TDS.
3 In absence of a Central Stores Department and maintenance of stock registers and periodic reconciliations
with regards to receipts / issues and closing stocks, inventories have been taken and valued based on the
verification conducted by the management as at the year end.
4 Balances under the head Loans and advances, Sundry Debtors, Creditors, and deposits are as per the books
of accounts and are subject to confirmations, reconciliation and consequential adjustments, if any. In the
opinion of the Management, the current assets, loans and advances have a value on realisation in the
ordinary course of business, equal at least to the aggregate amount shown in the Balance Sheet.
5 Depreciation is provided on SLM basis on additions during the year acquired under “National Agricultural
Innovation Projects” as prescribed by Indian Council of Agricultural Research and is not in strict
compliance with the Accounting Standards issued by the Institute of Chartered Accountants of India. The
management has not quantified the impact of the same, as in its opinion the charge on account of
depreciation is not likely to be materially significant.
6. FOREIGN CURRENCY EXPENDITURE
2015-16 2014-15
Rs. Rs.
Travelling Expenses 123,799 62,141
AMC and Spare Parts 4,826,022 2,155,097
572015-16
54
7 Micro, Small & Medium Enterprises Development Act 2006 (MSMED) 2015-16 2014-15
The information given below and included in Current Liabilities and Provisions (Schedule 4) regarding
Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on
the basis of information available with the company.
(i) Principal amount due to suppliers under MSMED 305,748 202,248
Note - Other information / disclosures relating to payments made beyond the appointed date, Interest accrued and
paid and cumulative interest are not applicable being Nil.
8 Prior Period Items 2015-16 2014-15
Telephone, AMC, Caliberation, License Fees (328,188) -
Gratuity 1,096,350 -
Excise Duty (603,980) -
Technology Transfer Fees (736,900) (1,345,600)
Tyre Testing & Analysis Service 1,133,345
Net Income/(Expense) 560,627 (1,345,600)
9 In respect of Embezzlement of cash in the previous year, approximating Rs.14 Lacs by an employee
of the Association, no provision in respect of loss has been made in the Accounts, in the absence of adequate
information and pending completion of investigation.
SCHEDULE 15 – NOTES ON ACCOUNTS: Contd..
Particulars
2015-16 2014-15
Change in the present value of the defined benefit obligation
Opening defined benefit obligation at 1st April 2015 10,142,661 7,287,543
Current Service Cost 804,467
595,005
Interest Cost 753,113 651,463
Actuarial losses (gains) (841,858)
1,686,673
Benefits paid (936,635)
(78,023)
Closing defined benefit obligation at 31st March 2016 9,921,748
10,142,661
Change in Plan Assets
Opening fair value of plan assets at 1st April 2015 4,555,793
4,179,627
Expected Return on Plan assets 400,500
382,710
Contributions by employer -
-
Benefit Paid (2,032,985)
-
Actuarial Gains / (Losses) on Plan Assets (107,751) (6,544)
Closing fair value of plan assets at 31st March 2016 2,815,557
4,555,793
Reconciliation of present value of the obligation and fair
value of the plan assets
Present Value of Funded obligation at 31st March 2016 9,921,748
10,142,661
Fair Value of Plan assets at 31st March 2016 2,815,557
4,555,793
Net Liability/(Asset ) 7,106,191 5,586,868
Amount Recognised in the Balance Sheet
Liabilities 9,921,748 10,142,661
Assets 2,815,557
4,555,793
Net Liability / (Asset) recognised in Balance Sheet 7,106,191
5,586,868
Net Cost recognised in the profit and loss account
Current Service Cost 804,467 595,005
Interest Cost 753,113
651,463
Expected return on plan assets (400,500)
(382,710)
Net actuarial losses (Gain) recognised during the year (734,107)
1,693,217
Gratuity Funded
Rupees
572015-16
55
SCHEDULE FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED ON 31st MARCH, 2016
Amounts for the Current & Previous Period are as follows; 31.03.2016 31.03.2015 31.03.2014 31.03.2013 31.03.2012
Rupees Rupees Rupees Rupees Rupees
Defined Benefit Obligation 9,921,748 10,142,661 7,287,543 9,705,553 8,482,513
Plan Assets 2,815,557 4,555,793 4,179,627 4,675,190 4,795,971
Surplus / (Deficit) (7,106,191) (5,586,868) (3,107,916) (5,030,363) (3,686,542)
Experience Adjustments on plan liabilities (762,028) 551,751 (1,517,343) 451,928 (619,054)
Experience Adjustments on plan assets 107,751 6,544 35,283 24,053 34,428
Principal actuarial assumptions:
Particulars
Discount Rate
Expected Rate of return on Plan Asset
Salary Escalation
31.03.2016 31.03.2015
7.80% 7.70%
7.80% 8.75%
6.00% 6.00%
Total costs of defined benefit plans included in Schedule 12
"Employees Remuneration & Benefits"
422,973 2,556,975
Reconciliation of expected return and actual return on Plan Assets
Expected Return on Plan Assets 400,500
382,710
Actuarial Gain/ (loss) on Plan Assets (107,751)
(6,544)
Actual Return on Plan Assets 292,749 376,166
31.03.2016 31.03.2015
Category of Assets
L.I.C. Group Gratuity (Cash Accumulation) Policy 100% 100%
572015-16
56
SCHEDULE FORMING PART OF THE ACCOUNTS FOR THE YEARENDED ON 31st MARCH, 2016
The estimates of future salary growth, factored in actuarial valuation, take account of inflation, seniority, promotion and other relevant
factors such as supply and demand in the employment market.
Such estimates are very long term and are not based on limited past eperience / immediate future. Empirical evidence also suggests that in
very long term, consistent high salary growth rates are not possible.
* The management has relied on the overall acturial valuation conducted by the Actuary. However, experience adjustments on plan
assets and liabilities are not readily available and hence not disclosed.
Other Long Term Liabilities
Leave Encashment 31.03.2016 31.03.2015
Present Value of obligation at 31st March 2016 7,284,295 6,702,725
- -
Net Liability/(Asset) 7,284,295 6,702,725
Defined Contribution Plan
Employers Contribution to Provident Fund*
* included in "Contribution to Provident,Gratuity and other funds"
Previous year figures have been regrouped / rearranged/ recast, wherever necessary
Vide our report of even date For, INDIAN RUBBER MANUFACTURERS RESEARCH ASSOCIATION
For M.M.NISSIM & CO.
Chartered Accountants
(CA KASHINATH N.)
PARTNER PRESIDENT
Place : Mumbai
Date : 19th May 2016
(Shree R. V. GANDHI)
DIRECTOR
(DR. K. RAJKUMAR)
Plan assets
The estimates of Future salary growth, factored in acturial valuation, take account of inflation, seniority, promotion and other
relevant factors such as supply and demand possible
Rupees
Rupees
31.03.2016 31.03.2015
2,382,374 2,302,210
572015-16
57
SCHEDULE FORMING PART OF THE ACCOUNTS FOR THE YEARENDED ON 31st MARCH, 2016
s/ds/ds/d
572015-16
Life Time Members of IRMRA
58
MRF Limited, Chennai
Dow Chemical’s International Pvt Ltd.
Pune
Pirelli Tyres (Suisses) S.A.
South Africa
Falcon Tyres Limited
Karnataka
AGG Exports
Ludhiana
Agarwal Rubber Limited
Andhra Pradesh
Malhotra Rubber Ltd.
New Delhi
Cheng Shin Rubber Ind. Co. Ltd / Maxxis
Taiwan
Goodyear India, Aurangabad
Super King Tyres P. Ltd, New Delhi
Guangzhou / Pearl River Rubber Tyre Ltd
China
Michelin India Tyres Pvt. Ltd., New Delhi
Birla Tyres, Hardwar
Wabco TVS ( India ) Ltd, Chennai
Continental Automotive Components (I) Pvt. Ltd.
New Delhi
Ceat Limited, Mumbai
Braza Tyres
Himachal Pradesh
Emerald ResislientTyre Mfrs. Pvt Ltd
Tamilnadu
ERA Global Standards
New Delhi
J.K. Tyres, New Delhi
Kabeer Component / Pt. Elangapranda
New Delhi
Innovative Tyres, Mumbai
Apollo Tyres, Gujarat
Motiba Silicone Pvt. Ltd
Mumbai
Maysore Polymers & Rubber Products Pvt. Ltd.
Mysore
Nandi Rubber, Hyderabad
Excel Rubber Ltd., Hyderabad
Ram Lubhaya & Sons
Ludhiana
Yokhama, New Delhi
Indo China Impex, New Delhi
S & J Granulate Solutions Pvt. Ltd.
Vapi Gujarat
Balkrishna Industries Ltd.
Mumbai
Eastman Auto & Power Limited
Haryana
Metro Tyres (Ludhiana)
Ludhiana
Shandong New Continent Tire Co. Ltd.
China
Fiat - Chrysler Apac Technical Centre
Pune
572015-16
OUR MEMBERS: OUR PATRONS
59
Electrosteel Castings LtdKolkata
R. S. Impex InternationalKolkata
Orson Holdings Co. Ltd Kolkata
Atul Limited
Samrat Polymers Bhayander
Jain EngineersMulund
Kurwa Rubber & Valves Mulund
B. G. Rubber Products Aurangabad
Best Rubber Products Goregaon
Brahans Polymers(Navi Mumbai)
Precision Rubber IndustriesWorli/Andheri
RuchaasImpexPvt Ltd Navi Mumbai
Shree Saroja Rubber Products Gujarat
Prabhat ElastomersVikhroli
Joseph Leslie DynamiksPvt.Ltd Vasai
Hawkins CookersThane
Filtrum PolymersPune
Accura Valves Pvt. Ltd. Thane
Shanthol Green Energy Pvt. Ltd.Rajkot
Triveni RubberThane
Godavari Biorefineries Ltd.Fort
SarvanCarbochem LLP Navi Mumbai
Vako Seals Pvt Ltd.Goregaon
Ashutosh Rubber Pvt. Ltd. Rajkot
United Rubber Industries Pvt. Ltd. Bhayander
Ami PolymerMira Road
Syndicate Wiper SystemMarol
Speciality Urethanes Pvt. Ltd. Pune
Raksha Polycoats Pvt. Ltd. Bhosari
Lathia Rubber Mfg. Co. Pvt. Ltd. Andheri
Bymer ElastomersPune
Jayashree Rubber Industries Pune
Shriram Rubber Products Bhosari
The Rubber Range (Borivali)
Gosalia Rubber Industries Goa
Osaka RubberAndheri
Rotex Automation LimitedDombivili
Universal Oil seals Mfg. co. lt.Kurla
Lion Rubber IndustriesVasai
Ashapura Rubber UdyogNashik
Tricon PolymersAndheriShree Rubber Works Rabale
Simplex RubberGujarat
Applied SystemsMulund
Hind ElastomersNavi Mumbai
Bombay Oil Seals CompanyVasai
New Age Fire FightingGujarat
572015-16
60
OUR MEMBERS: OUR PATRONS
Entech ControlsNashik
Brembo Brake India Pvt. Ltd.Pune
Popular Rubber ProductsGoregaon
Bhoomi Rubber ProcessorKandivali
Mitsufuku Compound Pvt. Ltd. Fort
Sunita PolymersPune
Shraddha Techno Solutions Pvt. Ltd.Bhiwandi
Innova Rubber Pvt. Ltd. Pune
Jaico Seals Goregaon
Rane Elastomers ProcessorsDahisar
Camata EnterprisesKurla
ParmeshwariChem Kalyan
Pioneer Rubber & Chemical Powai
Saga ElatomersPalghar
Paramount Seals Andheri
Monoprone InternationalsMulund
Tyre Grip Rabale
Sealvel PolymersGujarat
Godavari Biorefineries LtdGrant Road
RM applied EngineersAmbernath
Niranjan RubberDahisar
Ravasco Transmission & PackingAndheri
Thyssenkrupp Industries Thane
Technovinyl Elastomers Bhandup
Industrial PolymersVasai
P.B Shah &CompanyMumbai
Hindustan oil sealsVasai
Eastern Treads Ltd.Kerela
D & D Rubber IndustrySalem
Sahana Rubber Industries Salem
TojaTyre And Treads Pvt Ltd Kerala
Polyhose Rubber (India) pvt.LtdTamilnadu
SujaShoei Industries Pvt. Ltd. Tamil Nadu
JK FENNER (INDIA) LIMITEDChennai
Pentair Valves & Controls India Pvt. Ltd. Tamil Nadu
Super Run ProductsMadhurai
Katson Polymers Karnataka
Alpha ElastomersBangalore
Aryan ExportersLucknowSuper Hoze Industries Noida
R.M. Rubber ClinicNew Delhi
Maruti Techno RubberNoida
Deltronix India Ltd Noida
AstronPollymersHaryana
M.B RubberGhaziabad
Haryana Rubber UdyogHaryana
Haritson Mintech Pvt LtdJaipur
Kamal Rub PlastHaryana
BBM Impex New Delhi
572015-16
61
Machineries & Equipment
572015-16
62
572015-16
ROLL OF HONOURS & ACTIVITIES/EXPERTISE
Accreditations / Certifications / Recognitions from:
ØNABL(ISO:IEC/17025 :2005)
ØISO – 9001:2008
ØCentre for Military AirWorthiness &Certification (CEMILAC)
ØDirectorate General of Mines Safety (DGMS)
ØDept. of Scientific &Industrial Research
ØBIS
Main Activities:
vProcess and Product Development
vMaterial Selection / Specialization and Development
vReverse Engineering / Compound Development
vTesting and certifications (Tyre &Non-Tyre testing)
vRubber Engineering and Finite ElementAnalysis
vQuality Audit&GMPservices.
vTraining &Consultancy services on RubberTechnology &LMS(Laboratory Management System)
vStorage and Service life prediction
vQuality Control /Assurance
vProcess Improvement /Trouble Shooting
vCost Reduction
vFailure Analysis
vThird Party Inspection
With the help of state-of-the art facilities created by IRMRA and the expertise developed by its scientists, IRMRA can provide technical and scientific advice to the industries in respect of the following:
Expertise:
ØSpecification and its interpretation
ØReverse Engineering
ØProcess Development
ØIndigenization &import substitution of rubber products
ØCost reduction
ØLife prediction
ØControl of rejections / wastage
ØImprovement in quality of final products
ØTPR
FOR FURTHER DETAILS, PLEASE CONTACTDr. K. Rajkumar, Director
Indian Rubber Manufacturers Research AssociationPlot No.254 / 1B, Road No.16V, Wagle Industrial Estate, Thane (W) – 400 604
Telephone: 022-25811348 / 25834650/51/52, Telefax: 022-25823910E-mail: [email protected]; Website:www.irmra.org
63
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