01-06-2013, 02:38 PM
MK Auto Components India Ltd
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Company Profile
Products
MK Auto Components India Ltd (MK Auto Components) manufactures assemblies, ball valve parts, distributor parts such as shafts, starter motor parts, brake components such as caliber piston & plunger adjuster, fuel injection parts and transmission parts such as gears and shafts. The company sells its products under the brand name MK.
Operations
MK Auto Components, a public limited company, began as a partnership firm in 1996. It operates with three plants located in Chennai, TN. With 75% capacity utilisation, the plant has facilities for machining, cold forgings, presses and heat treatment. The company caters only to OEMs and serves LCVs, HCVs, PVs, tractors, UVs, two and three wheelers. The company’s list of clients includes Delphi, TVS India, Lucas TVS, Eicher, Brakes India and Visteon Powertrain Control Systems India Pvt Ltd among others. The company’s international clients include Stanadyne Corp and Michex International among others. The domestic market accounts for 80% of the total revenue. The company showed a revenue growth of 10% in the last two years and expecting 20% increase in the next two years. The company is accredited with ISO/TS 16949 certification.
Tools for cost control
Standard costs and budgets
Ratio analysis
Value analysis
Ratio analysis
Statistical yardstick that provides a measure of the relationship between two figures
Relationship- expressed as rate, as per cent or as a quotient
Used in analysis of operations because the use of absolute figures might be misleading
Provide standards of comparison for appraising the performance of a business firm.
A businessman may compare his firm’s ratio’s for the period under scrutiny with similar ratios of the previous periods-will help him to focus on areas which need his attention
The businessman may compare his ratios with the standard ratios in his industry. Standard ratios are averages of results achieved by thousands of firms in the same line business
Uses of break-even analysis
Provides useful information about the overall performance of a firm.
to see how changes in output, selling price or costs will affect profit levels
to calculate the level of output required to reach a certain level of profit
Provides useful information for decision making
to aid forecasting and planning