i. Ratnaveer Precision Engineering Limited is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion resistant properties.

ii. Globally, cold rolled flat products is the largest produced stainless-steel product in the world, followed by hot rolled coils, and steel wire rods & bars. According to International Stainless-Steel Forum, cold rolled flat products accounts for approximately 47% of total stainless-steel trade in the world.

iii. They operate out of four manufacturing units, out of which two are located at GIDC, Savli, Vadodara, Gujarat, (Unit-I and Unit-II) one is located at Waghodia, Vadodara, Gujarat (Unit-III) and the other one is located at GIDC, Vatva, Ahmedabad, Gujarat (Unit-IV). Their manufacturing units are strategically located with availability of transportation, which facilitates convenient transportation of its products.

iv. Ratnaveer Precision manufacture finishing sheets, washers and solar mounting hooks at our Unit I and SS pipes & tubes at our Unit II. Unit III and Unit IV are dedicated for the backward integration process where Unit III is the melting unit where they melt steel scrap and turn it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers. Their Units are supported by infrastructure for storage of raw materials, manufacturing of their products, storage of finished

v. Ratnaveer Precision is one of the few companies who has a backward integration modelwhich is one of its major strengths and has helped them in maximising the returns on thier investments. While their two units (Unit I and II) are dedicated for manufacturing the products which are offered to their customers, the other two units (Unit III and IV) are dedicated towards processing the byproducts

vi. Their products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc. Their products are used in both commercial and residential sector and are sold within India and overseas.

vii. The company intend to expand its portfolio of washers by adding circlips into the product line. They currently offer over 2500 SKUs of washers to its customers including inner ring washers, spring washers, nord lock washers, retaining rings, internal tooth washers and external tooth washers of different sizes and specifications. They intend to increase this portfolio by adding circlips into their product line which will help to expand their portfolio.

viii. They have taken the land located at E-78, GIDC Industrial Estate, Savli, Dist. Vadodara, which is adjoining to their Unit I, on a 99-year lease from GIDC, for this expansion. They have undertaken R&D activity for developing circlips, have developed the required tools and identified prospective customers.

ix. Competitive Strengths

i. Synergistic Business Models focused on Backward Integratio
ii. Consistent financial performanc
iii. Wide product portfolio and multiple designs