Mrf Limited Project Work on Employee benefits

8/10/2019 Mrf Limited Project Work on Employee benefits

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Introduction

About tyre Industry

The tyre industries in India come into existence with

establishment of trading outlets by U S based Fire Stone

Tyre and Company in 1922 and followed by Dunlop

Rubber Company in 1926.The Indian Tyre industry haswitnessed a Cumulative Annual Growth Rate (CAGR) 7.7%

over the last decade. Economic expansion, investments

and road developments have all contributed to this

Increase in demand for vehicles. This has helped the

growth in the tyre industry. The tyre industry is the major

consumer of the domestic rubber production. The

tyre industry is mainly dominated by organized sector;

the unorganized sector holds in bicycle tyres. The major

players in the organized sector consist of MRF, Apollo

tyres, ceat, and J K Industries, which account of the 63%

of the organized tyre market.


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OVERVIEW

MRF Limited(Madras Rubber Factory limited) is an

India-based company engaged in manufacturing,

distribution and sale of tyres for various kinds of

vehicles. The company is primarily engaged in the

manufacture of rubber products, such as tyres,

tubes, flaps, tread rubber and conveyor belt. It

exports to more than 65 countries. The MRF story is

a truly remarkable one. What started as a rubberballoon factory with a funding of Rs.14, 000 way back

in the 40s is now a multibillion legacy that produces

quality tyres used all around India & internationally

along with a presence in paints & coats, toys,

motorsports and cricket training. MRF Limited

(Madras Rubber Factory limited) is an Chennai-based

company engaged in manufacturing, distribution and

sale of tyres for various kinds of vehicles. The

company is primarily engaged in the manufacture of


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rubber products, such as tyres, tubes, flaps, tread

rubber and conveyor belt. It exports to more than 65

countries. It is Headquartered in CHENNAI

ORIGIN AND HISTORY

MRFs origin traces back to the humble shack in

Madras that housed its first makeshift toy balloon manufacturing

unit set up by KM Mammen Mappillai in 1946. It was not until

1952 when it changed course and turned to tread rubber

manufacturing. Thus began its glorious reign as the undisputed

leader in the tyre making industry.

HISTORY:

1946

A young entrepreneur,K. M. Mammen Mappillai,opened a smalltoy balloon manufacturing unit in a shed atTiruvottiyur,Madras(now Chennai).

1949

Although the factory was just a small shed without any machines, avariety of products, ranging from balloons and latex-cast squeaking

toys to industrial gloves and contraceptives, were produced. During

this time, MRF established its first office at 334, Thambu ChettyStreet, Madras (now Chennai), Tamil Nadu, India.
http://en.wikipedia.org/wiki/K._M._Mammen_Mappillaihttp://en.wikipedia.org/wiki/K._M._Mammen_Mappillaihttp://en.wikipedia.org/wiki/K._M._Mammen_Mappillaihttp://en.wikipedia.org/wiki/Tiruvottiyurhttp://en.wikipedia.org/wiki/Tiruvottiyurhttp://en.wikipedia.org/wiki/Tiruvottiyurhttp://en.wikipedia.org/wiki/Tiruvottiyurhttp://en.wikipedia.org/wiki/K._M._Mammen_Mappillai


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1952

MRF ventured into the manufacture of tread rubber. And with that,the first machine, a rubber mill, was installed at the factory.

1955

MRF soon became the only Indian-owned unit to manufacture the

superior extruded, non-blooming and cushion-backed tread-rubber,enabling it to compete with the MNC's operating in India at that

time.

1956

By the end of 1956, MRF had become the market leader with a

50% share of the tread-rubber market in India. So effective was

MRF's hold on the market, that the large multinationals had noother option but to withdraw from the tread rubber business inIndia.

1960

The company was incorporated as a private limited company on 5November. The company manufactured automobile, aircraft,bicycle tires and tubes in collaboration with the Mansfield Tire &

Rubber Company of Mansfield,Ohio. The tires were sold underthe trade name Mansfield Tyres (MRF). The Company also

produces other industrial products made of rubber such asconveyor belts and hoses.

1961

The Madras Rubber Factory Private Limited was converted into apublic company on 1 April, and additional capital was raised in

order to start the manufacture of automobile tires and tubes incollaboration with the Mansfield Tire & Rubber Co.. TheCompany was given permission to export tires with the Mansfield

trademark to all global markets except the United States andCanada. : 2,49,650 shares allotted without payment in cash. 350

shares subscribed for by the signatories to the Memorandum of

Association. 2,50,000 shares reserved and allotted directors.5,00,000 shares issued to public in April 1961. The balance

2,50,000 shares allotted to collaborators as payment for machinery.
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1962

The main plant for production of tires and tubes was commissionedon 4 December.

1963

Nylon Hot-Stretch Unit of the latest design was commissioned in

November.6,25,000 Right Equity shares offered at par in the proportion 1:2.

1964

With the commissioning of the main plant in 1964, MRF also madeprogress in the export of tires. An overseas office in Beirut,

Lebannonwas established to develop the export market, and it was

amongst India's very first efforts. This year also marked the birth

of the now famousMRF Muscleman.

1967

MRF became the first Indian company to export tires to the U.S.A..

1970

In March, 5,62,500 bonus equity shares issued in the proportion

3:10.1973

MRF scored a major breakthrough by being among the very first inIndia to manufacture and market Nylon tyres.

1975

During September, 12,18,714 bonus shares issued in proportion

1:2. (Only 12,18,689 shares were taken up).

1978The Company finalised a technical know-how collaboration with

B.F. Goodrich Co., U.S.A., which became fully operative in early1980-81.

This agreement was revalidated for further five years.
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1979

The Mansfield Tire & Rubber Co., U.S.A. offered for sale out ofits holding 3,74,250 No. of Equity shares of Rs 10 each of the

Company at

a premium of Rs 4 each as follows: 3,63,786 shares as rights to theexisting shareholders in the proportion 1:8 and 10,464 shares to theemployees of the Company.

1980

The Company crossed several milestones in its history. It went into

technical collaboration with BF Goodrich Tire Co., USA in theyear.

The name of the Company, Madras Rubber Factory Ltd. was changed toMRF Ltd in the year.

1981

Mansfield Tire & Rubber Co. of U.S.A., offered for the their

balance shareholding of 3,55,537 No. of Equity shares of Rs 10each in the

Company at a premium of Rs.4 per share as follows: 3,29,587 shares to

the existing resident Indian shareholders and non-resident Indian

shareholders (on non-repatriation basis) in proportion 1:10 and 25,950shares to the Indian employees, business associates and dealers of the

Company.

2,00,000 No. of Equity shares allotted in Feb. 1982 to IFCI at a

premium of Rs 5 per shares on conversion of loans.

1983


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The Company finalised a technical collaboration agreement with

M/s. Marangoni TRS SPA, Italy for the supply of know-how forthe

manufacture pre-cured tread rubber for retreading industry.

1984

Sales crossed INR two billion. MRF tyres were the first tyres

selected for fitment onto the Maruti Suzuki 800 - India's first

small, modern car.

1985

A letter of intent was obtained for the manufacture of conveyorbelts and hoses in collaboration with Industrial Pirelli SPA,

Italy. Plans were also on hand to go in for a joint venture with the aerotyre division of B.F. Goodrich & Co., for re-treading and subsequently

for manufacturing aircraft tyres.

1986

The Company issued 15% non-convertible debentures of Rs.100

each (II Series) for Rs.8 Crore as rights to the existing shareholdersto raise finances for modernisation of the Company. Under

Cumulative interest payment scheme, these debentures areredeemable in 3 annual

Installment of Rs.35 each commencing on 8 May 1993 at a premium of5% in the first instalment. Under the non-cumulative interest payment

scheme, the debentures are redeemable in five equal annual instalmentsof Rs.20 each commencing from 8 May 1991 at a premium of 5% which

will be paid on 8 May 1993.

1987


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(18 months), The Company obtained MRTP clearance and a letter

of intent for the manufacture of pre-cured tread rubber up to 6,000

tonnes per annum by using indigenous technology developed by the

Company. MRTP clearance was also obtained for setting up a new plant

at Tada in Andhra Pradesh for manufacture of 1.5 million number oftyres and tubes per annum.

The Company entered into a collaboration agreement withVapocure of Australia to manufacture polyurethane paint

formulations that can be

rapidly cured at room temperature and would also help in the

manufacture of shatter-proof glass. The plant with an installed capacityof 10,000 tonnes per annum was being set up at Gummidipoondi inTamil Nadu.

Funskool (India), Ltd. and `Crystal Investment and Finance Co.

Ltd.' became subsidiaries of the Company. Funskool (India), Ltd.

was promoted in collaboration with Hasbro International, U.S.A., the

World's largest toy makers.

1988

The MRF Pace Foundation was set up, with international pace

bowler, Dennis Lillee as its Director. Not long thereafter, pace

bowlers

trained at the Foundation were selected for the Indian Cricket Team.

1989

The Company was identified as `Star Exporter', a status that

enables the company to get priority treatment in several areasconcerned


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with Customs, RBI, etc.

Aero tyre division of B.F. Goodrich Co., USA was taken over byMichelin Cie of France.

Government approved the technical collaboration with Uniroyal

Goodrich Tire Co., U.S.A., a subsidiary of Michelin Cie., France,

for imparting latest technology for bias ply/radial aircraft tyres for a

period of 5 years.

1990

The Aruna Leathers & Exports Ltd. was amalgamated with the

Company. As per the scheme one equity share of Rs 10 each of MRFLtd. was allotted for every 10,000 shares of Rs.10 each fully paid-upheld in ALEL. Accordingly, 25 equity shares were allotted to the

erstwhile shareholders of ALEL.

The Company introduced `Vapocure' colours in the market.

(6 months), the Company privately placed 15,00,000 - 14% non-

convertible debentures of Rs 100 each (III Series). The debentures

are redeemable - at a premium of 5% in three annual instalments of

Rs.35 each commencing from 31 July 1997.

The Company privately placed with SBI Mutual Fund 10,00,000 -

14% debentures (IVth Series) which are redeemable at a premium

of 5% on

26 June 1998.

During the year 5,00,000 - 14% debentures were also privatelyplaced with Infrastructure Leasing & Financial Services, Ltd.

These

debentures are redeemable in three annual instalments at a premium of

5% commencing from 23 July 1997.


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1991

The Company promoted a new Company viz. MRF International,

Ltd., in view of the tremendous growth potential in the export

market.3,85,000 of equity shares issued at a premium of Rs.242 per share

to the foreign collaborators M/s. Asia Trading Services, Hong

Kong.

1992

The Company has formed a new Company, viz., MRF

INTERNATIONAL LIMITED and the Company has received the

certificate of commencement of business.1993

K.M.Mammen Mappillai was awarded thePadma ShriAward of

National Recognition for his contribution to industry - the only

industrialist from South India to be accorded this honour. MRFalso became the first tyre company in India to cross the INR 10billion mark. In addition, the company was voted by the Far

Eastern Economic Review, as one of the ten leading CorporateGroups in India and a Leader in Asia, and by readers of the A & M

magazine, as one of India's most admired Marketing Companies.

1995

The Company has received the Top Export Award for the year

from All India Rubber Industries Association.

1996

The Company has received an award from CAPEXIL - Certificateof Merit based on the export performance for the year.The Far Eastern Economic Review Award was presented to MRF

for the fourth year in succession in recognition of excellence.
http://en.wikipedia.org/wiki/Padma_Shrihttp://en.wikipedia.org/wiki/Padma_Shrihttp://en.wikipedia.org/wiki/Padma_Shrihttp://en.wikipedia.org/wiki/Padma_Shri


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1997

MRF Ltd has been assigned a credit rating of `PR1+' (superior) forits proposed Rs 100 crore commercial paper (CP) programme by

Credit

Analysis and Research Ltd (CARE).

MRF is setting up a new plant inPuducherryfor the production of

radial tyres.The company set up theArakkonamplant in Chennai to produce

bicycle tyres and tubes.

MRF began manufacturing tyres and tubes in technicalcollaboration with Mansfield Tire and Rubber Company, USA.

MRF has launched Nylogrip Zapper, a high performance tyre fornew generation bikes.The company tied up with Uniroyal Goodrich Tire Co. of USA, a

subsidiary of the French Tyre giant Michelin, which held 9.8percent stake in the company.

1998

MRF Tyres has signed an OEM (original equipment manufacturer)

alliance with Siel Honda Motors and Hindustan Motors.MRF has launched a market sampling operation for the MRF

Zigma.

1999

MRF Ltd has decided to set up more such clinics in Northern andWestern cities.

The Company has entered into agreements with the Depositories

viz., National Securities Depository Ltd. [NSDL] & CentralDepository Services (India) Ltd.

2000

The Company has set up shop in Dubai to target markets in the

UAE as part of its export thrust.

MRF has launched a steel-belted premium radial tyre variant called`MRF ZVTS'.
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2002

MRF Tyres Ltd sees slump in commercial vehicle tyre market andpassenger car growth has also declined.

High court dismisses the writ petition filed by MRF Employees

Union challenging the order of dismissal of a worker, who was the

secretary of the union. Advertising Standard Council of IndiaQuashed the objection raised by MRF by upholding J K Industries

claim of being India's Number one tyre maker in the four-wheeler

segment.

2003

MRF and Bridgestone are ranked highest in a tie for the second

year in a row in customer satisfaction with original tries according

to JD Power Asia Pacific.Shri K.M. Mammen Mappillai, Chairman and Managing Directorexpired[clarification needed]on 2 March 2003.

Mr. C.D.Khanna has ceased to be the Director of the company.

And Mr. K.S.Narayanan has resigned from the board of MRF.Mr. N.Kumar and Mr. Ranjit Issac Jesudasen have been appointedas the directors of the company.

Mr. K.S.Narayanan ceased to be director of the Company witheffect from 17 April 2003, consequent to his resignation from the

Board of Directors.MRF Ltd. has informed the Exchange that at its meeting held on 19

December 2003 the BOD have re-designated Jt. Managing Director

Mr. Arun Mammen as Managing Director of the Company w.e.f 1 April

2004.

2004

MRF Ltd. has informed that Mr. Ravi Mannath has been appointedas Additional Company Secretary of the Company w.e.f. 5 January

2004.MRF Tyres is the biggest consumer of natural rubber in India

during 2002-03

Ties up with Maruti Udyog to boost motorsportsin India
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2007

MRF Ltd launches premium truck tyre Super Lug 50-FS.

2011

MRF Ltd inaugurated its 7th manufacturing facility at Ankanpally

near Hyderabad, exclusively for radial tyres.

MRF Ltd crosses gross revenue mark of 10,000 crores.


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COMPANY PROFILE

Madras Rubber Factory, popularly known as MRF, is amajor tyre manufacturing company located in Chennai,

Tamil Nadu, and India. MRF is mainly involved in makingvehicle tyres. It is India's largest tyre manufacturingcompany .The company was established in the year 1946.

The company name is an acronym for Madras RubberFactory. MRF Ltd was started by a young pioneer called

K.M.MAMMEN MAPILLAI as small toy balloon

manufacturing unit in a small shed at Thiruvottiyur inChennai. Since then over this long golden 60years it has

emerged as the largest tyre manufacturer in India.It is also the worlds 13

thlargest tyre manufacturing company. It is one of the

largest rubber companies both worldwide and inIndian private sector. MRF holds more than 20% of themarket share. It is the only tyre company to straddle the

continent with giant manufacturing facilities at Chennai,Arakonam, Kottayam, Goa, Medak, and Pondicherry .The

company carters to all vehicle segment from commercialvehicle and passenger cars to 2 -3wheelers and tractors and

has a strong presence in both radial and cross ply

segments. It is also involved in arrange of other activitiesvia subsidiaries. Funskool India, a joint venture between

Hasbro and MRF LTD. isa major toy manufacturing

company in the country. MRF Pre treads offers worldclass procured tyre retreading service, and MRF


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Muscleflex is involved in making conveyor belts. It ispresently under the leadership of Vinoo Mammen, son of

the Late K.M.Mammen Mappillai.It has a distributionnetwork of more than 2500 outlets in the country, overseas

offices in United Arab Emirates, Bangladesh and Vietnamand export tyres in over 75 countries globally. MRF LTD.Enjoys of manufacturing the largest range of tyres in

India and it has the highest brand preference forsuperior quality, appearance and wear ability. It

manufactures the largest range of tyres in the country

and is the market leader with the largest market share inalmost every segment of the tyre industry .MRF LTD. is

the first Indian company to export tyres to the U.S.,the very birth place of the tyre technology. It is also the

first company in India to manufacture and market Nylontyres and passenger tyres commercially. In 2007, the

companys turnover crossed INR 50 billion mark. MRFLTD. is the pioneer in motor racing tyres in India. MRFtyres are made to run at speeds exceeding 150kmph, at

which they are exposed to extreme conditions of speed andtraction. The molecular stability of the rubber compounds

is tested against severe gravitational stress. MRFs tyreexperts and rubber technologists are present at every

stage to observe, analyze and gather information at the

pits and the dirt track, which they pass on to the R & Ddepartment. This is then reviewed and used to safer and

better quality tyres, not only for the formula cars and

racing bikes, but also for cars that rough it out on the toughIndian roads everyday.


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MRF TYRE BR NDS

i) SuperLug : Rated as the Indias No.1 Tyre for TRUCKS.

Aggressive traction tires often used for tillers, garden tractors, trenchers,

and snow throwers.Super Lug, Tru Power and Power Trac tires are Ag lug designs, the

right choice whenever the application calls for substantial traction. Non-

highway service.

ii) Shakti : The best recommended Tractor Tyres in INDIA With

45 Knife action lugs forbetter penetration and clean ability

Big rigid shoulder lugs

Cut protected Nylon Breaker and flatter tread

iii) Zigma: Features Bold block tread pattern All-terrain treadcompound Benefits Excellent even on rugged terrains Enhanced

breaking and stability Available Sizes. It is Used for Tractors.

iv) Nylo Grip: Rear Fitment and siped block Designmakes it one of the

most preferred Two Wheeler tyre in India.

v) Legend: Most preferred tyre for CARS with premium Non-skid Depth

which provide better Road Grip and increases mileage.


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MRF PRODUCT TYPES

Truck tyreTube tyre and Tubeless tyre

Light Truck tyre

Special tyre for defence

Tyre for industrial application

Agricultural tractor and tiller tyre

Off the road tyresSolid tyres and earth mover tyres

Passenger tyreBias ply and radial

Two/ Three wheeler tyres

Specialized tyre for motor rallies Nontyre products

Automotive tubes

Flaps

Conventional tread rubber

Pre- cured tread rubber

Vulcanizing solution

Tyre repair materials

Conveyor belts

Toys


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MRF metal coat

MRF wood coat

Organisational Structure


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Certifications

YE R Certification

1998 ISO 9001

2001 ISO 14001:1996

2002 ISO 9001:2000

2005 ISO/TS 16949:2000

2006 OHSAS 18001

W RDS

FORD WORLD EXCELLENCE AWARDS

MRF won the silver award and is the only Indian company to win this

excellence award.

J D POWER ASIA PACIFIC

MRF won the award for customer satisfaction not once but 11 times till

date.

TNSMRF voted the "Most Trusted" Tyre company in India by TNS 2006global CSR study.

CAPEXIL

MRF won the award for exports.


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ORGANISATIONAL STRUCTURE OF HUMAN RESOURCES DEPT.


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The function of the Human Resource Department

Any employee newly recruited will be exposed to the following areas.

Introduction about the company

Evolution of the concept of quality and its relevance to the

contemporary industrial productionSafety

External competitive environment and organizational culture

Factory disciplineBasic process flow in the plant in which they are place.The followingare the various activities being undertaken in taken in HR Department

1.Recruitment and Selection of employees

2 .Pe r f o r man ce Ap p r a i sa l3. Welfare activates4. Training

5. Industrial relation and labour management

6. Canteen service7. File management.

Other activities controlled by HR Department are:

-operative Society

OFFICE TIME The office time is also come under

the HR Department. The office time carries out the following function.


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Working hours

08:00 Am - 04:00 Pm

shift : 04:00 Pm - 12:00 Am

12:00 Am - 08:00 Am

EMPLOYEE BENEFITS

* Employee Provident Fund:

Provident fund specifics vary widely by country, but in general their purpose is

to provide financial support for those who meet the plans defined retirement

age. Governments set the age limit at which withdrawals are allowed to begin

(penalty-free), though some pre-retirement withdrawals may be allowed under

special circumstances, such as for medical emergencies. In Swaziland, for

example, provident fund benefits can be claimed as early as age 45. Each

provident fund sets its own minimum contribution level for workers and

employers, which may vary depending on the workers age. Some funds allow

individuals to contribute extra to their benefit accounts and allow employers to

contribute extra for their employees.

*) Employee Death Linked Insurance:

All employees to whom the Employee's Provident Fund and Miscellaneous

Provision Act , 1952 applies, have a Statutory liability to subscribe to Employee's

Deposit Linked Insurance Scheme, 1976 to provide for the benefit of Life

insurance to all their employees. Under the scheme as amended with effect

from 24th June,2000 the insurance benefit is equal to the average balance tothe credit of the deceased employee in the Provident Fund during the last 12


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months, provided that where such balance exceeds Rs.35,000, insurance cover

would be equal to Rs.35,000 plus 25% of the amount in excess of Rs.35,000

subject to a maximum of Rs.60,000. Thus if the lenth of service is not adequate

and/ or the salary is low the average balance may be substantially less and such

the benefit to the employee's family is either inadequate or non-existent.

*) Employee State insurance:

Employees' State Insuranceis a self-financing social security andhealth

insurancescheme for Indian workers. For all employees earning 15000

(US$240) or less per month as wages, the employer contributes 4.75 percent

and employee contributes 1.75 percent, total share 6.5 percent. This fund is

managed by the ESI Corporation (ESIC) according to rules and regulations

stipulated there in the ESI Act 1948, which oversees the provision of medical

and cash benefits to the employees and their family through its large network of

branch offices, dispensaries and hospitals throughout India. ESIC is an

autonomous corporation by a statutory creation under Ministry of Labour and

Employment, Government of India.

*) Accident Insurance (24 Hours coverage)

24 hours coverage which provides security and assurance to the employees in

case of any accidents which affects his physical or mental ability and which can

affect his productivity and quality of life. The Insurance covers the employees

even after his shift and the employee finishes his work.

*) Occupational Health Centre and Company Doctor

Section 41-C of the Factories Act, 1948 Occupational health centers are

required to be set up in the Factories carrying hazardous process as described

under section 2(cb) of the Act .No information is available with the ChiefInspector of Factories in respect of Occupational Health Centres in factories
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However some industries like Heavy Engineering Corporation at Ranchi, TISCO

& TATA MOTORS in Jamshedpur, Bokaro Steel Plant in Bokaro have

occupational health centers in the factory. 62 Full time medical officers and 76

retainer ship or part time medical officers have been appointed in factories. 31

factories have ambulance van and 93 factories have ambulance rooms (As per

2003).

*)Leave with Wages

Vacation Leave- Regular support staff employees working half time or more

are eligible to accrue paid vacation after 6 months of employment. The numberof hours accumulated monthly will depend on the employee's union, level and

vacation service months.

Sick Leave- Regular support staff are eligible to accrue paid time off for illness.

Employees who are paid bi-weekly accumulate 4 hours of sick leave each payperiod. Employees who are paid monthly accumulate 8 hours of sick leave each

pay period, and receive 12 hours for two months of the year. This time is credited

at the end of each pay period.

Personal Leave-Regular full-time support staff are given 24 hours of paid time

per fiscal year to attend to personal matters. Regular three-quarter time supportstaff are given 18 hours and regular half time support staff are given 12 hours.

This time does not carry over to the next year. Employees hired or changed toregular status of half time or more during the fiscal year will be credited with

personal leave of 24 hours if hired July through December 31. They will receive

12 hours if hired January 1 through March 31, and 6 hours if hired April 1

through May 31. No personal leave is granted to those if someone is hired

between June 1 and June 30. Personal leave must be used in increments of one

hour.

Family Sick leave-Regular support staff may use accrued paid sick leave credits

to care for a member of the employee's immediate family or household who is ill.

See chart for the number of hours available to employees based on unioncontracts, and review union contractsfor specific definitions of immediate family

and member of household.

Family Medical Leave Act- The Family Medical Leave Act (FMLA) provides

job protection for employees that have a serious health condition, a familymember who has a serious health condition, qualifying exigencies or military
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caregiver leave that adversely impacts their time on the job. Under FMLA, an

employee may be allowed to reduce their percent of employment or take a leaveof absence with continued University health and dental premium contributions.

See theFMLA FAQs for definitions of eligibility and serious health conditions.

Funeral/Bereavement Leave- Regular support staff working 20 hours or more a

week will be excused with pay to make necessary funeral arrangements for adeath in the immediate family. Please refer tounion contractsfor the time

allowed for other members of the family or loved ones.

Jury Duty or Witness Duty- The University provides paid time off for an

employee who is called to jury duty or is subpoenaed as a witness.

Holiday- Regular support staff are paid for nine holidays a year.

*) Canteen Facility

Dinner and Lunch is provided at a Subsidised price and nominal charges

are applicable for this benefit. Under this benefit the Employees are

provided with nutritious and hygienic Food. The company provides Lunch ,

dinner and breakfast for the night shift workers and it also includes Tea

which is Served two times per shift for a employee.

The employee have the benefit of Enjoying Food in Both Veg and non-Veg

Genre.

In the Non-Veg Genre Fish, Chicken and Mutton are Provided Alternate

Days.

*) Uniforms for workmen

Workmen are provided with Quality Uniforms which Symbolises Equality

and Dignity of the employees. The uniforms will also be Designed to Suit the

environment and the work place safety.
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*) Safety shoes for workmen

Safety shoes are provided for workmen who are working in a condition

which is a bit risky with the normal shoes and which may affect the

movement and safety of the workmen if safety shoes are not provided.

*) Gratuity as per act.

A Gratuity amount is Given as per the Act. The workmen is awarded with

gratuity over and above the wages due to Excellent performance.

* Subsidised Transport

The Work Incentive Transport Subsidy (WITS) Scheme helps low-income

earners reduce their cost of travelling to and from work and encourages

them to secure or stay in employment. The Employees are provided

Subsidised Bus Facilities to provide transportation from their specified

pickup points to the Plant.

* Eye, Blood pressure, Diabetes and Employee Health

Check up

Employees are provided with free regular health check-ups which includes a

free Eye test, Blood pressure test, diabetes test and general health check up.

This doesnt only benefits the employees but also benefits the company asthe company will be aware of the health conditions of the employee and how

much results is to be expected from him by considering the respective health

condition.

* Optional medical policy

The employees are provided a optional medical policy which can be taken

up the employee with his wish by paying a sum to enjoy the policy benefits.Company suggests every employee to take apply for this policy.


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* Medical Allowance

MRF makes sure that every employee gets a Respective Medical Allowance

with their pay as being human it is prone that he will be vulnerable to

attract disease or medical conditions.

* Issue of Soaps and Towels

MRF issues Detergents and Soaps to employees every month as it is a basic

necessity that should be fulfilled and it also provides Towels in every 6

months to its employees.

* Umbrella subsidy during mansoon

MRF issues a Subsidy for the purchase of Umbrellas and Rain coats duringmansoon season which benefits its employees and keep them healthy and

safe from cold and flu during rainy season.

* Yearly Childrens educ tion benefits

Education is the Greatest tool to be ever produced by the Human kind,

Keeping that in Mind , MRF Allocates education loan or provides stationery

required for the education of the children for the respective educationalyear.

* Yearly Leave travel allowance

We provide leave Travel allowance to the employees wherein employees can

travel around places in their leave period with the provided travel allowance

and feel less burdened with their travel expenses.

* Welfare fund Loans

The company reserves some part of the profit for the employee welfare fund

where in an employee can raise a loan from the employee fund in case of an

emergency or urgent requirement.


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* Thrift Fund Loans

Our employees contribute 3% of their earning to the Thrift fund so

that the employees in need can take loans from the thrift funds and

can fulfil their urgent conditions.

* Bank and housing loan

Employees can apply for housing loans which will be provided by the

company with a Tie-up bank which charges a less amount of Interest then

the normal rate.

* MRF employees credit co-operative Society

MRF has its own credit co-operative society which helps and

supports the employees economically in case of any help.

* Family Planning Scheme

The employees will be conducted workshops and will be counselled to

propagate them about the benefits of family planning and how it will

improve their life conditions.

* Employee death relief fund

In the unfortunate moment of the death of an Employee , all the employees

combined together will raise some funds for the death relief for the family

and the company adds some respective percentage if sum to that fund and

awards it to the family of the employee.

* Hardship Allowance for employees death

The employees working in Dangerous conditions with Risk of life , if In case

passes away at the time of work will be provided with hardship allowance

which compensates for his willingness to take up the work even in an

hazardous and unsafe situation.

* Festival Advance

The employee will be rewarded an advance payment for a month in case.


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Employee counselling: Addressing family or health problems leading of

absentism, quality of life with spouse.

Rehabilitation: Economic and Psychological support to alcoholics.

Activities for women like health camps, Sports, Yoga, Awareness talk,

coaching camps etc

Childrens Activities: Sports day, Summer camps, English speaking

classes, Aptitude Test and motivational Classes

Help to Special children

Factory Visit for Family Members

WELF RE

For the welfare of workers employed in factories Chapter V of the FactoriesAct, 1948, the following welfare measures are Performed.

(i) Washing facilities

(ii) Facilities for storing and drying cloths

(iii) Facilities for sitting

(iv) First aid appliances

(v) Shelters, rest room and lunch room (if more than 150

workers are ordinarily employed)

(vi) Canteen Facilities with Subsidised Nutritious Food


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(vii) Crche (if more than 300 women workers are ordinarilyemployed)

(viii) Ambulance room (if more than 500 workers are ordinarily

employed).

(ix) Welfare officers (if more than 500 workers are ordinarilyemployed).

Date post:	02-Jun-2018
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Mrf Limited Project Work on Employee benefits

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