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Krishna Autocomp

2014 - 15

Corporate Sustainability Report

Ambad, Nashik

Pg. 01

Table of Contents

Quality, Precision and Commitment .................................................... 2

Report Contour ................................................................................. 4

CEO Statement ................................................................................ 6

Company Profile .............................................................................. 8

Corporate Governance ..................................................................... 10

Building Partnerships of Trust........................................................... 12

Materiality Analysis ........................................................................ 16

Our Environmental Footprint ............................................................ 20

Social Performance ......................................................................... 22

Product Responsibility ..................................................................... 25

GRI Content Index for ‘In accordance’ – Core ....................................... 26

Pg. 02

Quality, Precision and Commitment Our work values rotates around our theme of this sustainability report, “Quality, Precision, and Commitment”. It describes our way of work by providing quality products for our customers, through our commitment to provide overall satisfaction to our customers. Our precision automotive components are the result of our relentless work for providing products which suit’s customer’s requirements. We believe that it can be achieved only through excellent design and development from latest advances in technology and hard work of our employees who makes this possible.

Our passion is described not only by providing quality products but also by providing value added services with high precision which guarantees customer satisfaction.

We, at Krishna Autocomp have always believed in long term relationships with our customers beginning from start of the product cycle to the final product delivery to our customers. Since its inception, Krishna Autocomp have worked with all possible business sectors and has grown in all dimensions catering to their needs in the best possible way. We believe in precision in our

products and hence have accepted the globally used standards for manufacturing our products. This will help us in creating a huge market for us, globally as well. We keep grooming our company from time to time coping with latest market demands and have made it an inclusive component for our overall development.

As a high precision machine shop, we believe in creating a ladder of growth and success for our company through an all-round development by incorporating sustainability in all our processes. Our employees are our most important stakeholders and our work, values and ethics are all managed to the best of their abilities because of them. We have highly skilled and talented workforce which ensures best products and customer satisfaction by being flexible and adopting to the newer trends in the market. Our focus has been on creating a conducive and progressive work environment for our employees which helps us build a strong relationship with them.

We treat our vendors as business associates, since we rely on them for the good quality raw material and timely delivery. Apart from manufacturing, our logistics

Precision

Commitment

Quality

Pg. 03

personnel make sure that the consignments are timely delivered at clients' destination using our wide distribution network.

While we focus on creating value for our company, we are also conscious about the impacts of our operations on the environment and society in which we operate. Hence we have created an environment friendly plan to cater to this need of an hour.

Our first sustainability report “Quality, Precision and Commitment” is a concept that inspires us to optimize our business performance through constant innovations while incorporating sustainability into the core of the business helping us to encompass our aspirations and responsibilities to the society and to the environment.

Pg. 04

Report Contour

We start the journey of Sustainability Reporting from this financial year FY 2014-15 with the theme “Quality, Precision, Commitment” which has been our key focus always for all our business processes.

‘Customer satisfaction’ has been our motto and we achieve it by offering superior quality products to our customers at industry competitive prices. Our products are manufactured using high grade material in compliance with international quality standards along with ethical business policies.

This report is a reflection of our sustainability performance for the year 2014-15. It covers all our activities involving manufacturing and supplying various sheet metal press component, tools, dies, jigs and fixtures.

This report is being created to depict our sustainable performance through our business journey. Sustainable performance of our company is based on our operational processes and management approach. Our report is the compilation of data and information collected and collated from primary sources across our operations. Further wherever required, we have used assumptions and standard equations and calculation methodologies for quantification purpose. Certain information included in this report refers to our future plans and intentions, in order to account for our sustainability approach. This information relates to our strategy, future plans and targets, operations and business plans.

Various Stakeholders such as Suppliers, Employees, Consumers, Industry Association, Community as well as many Regulatory Authorities are expected to use the Report to know about Company's Sustainability Performance.

Pg. 05

This report is based on Global Reporting Initiative’s G4 (Core) guidelines on sustainability reporting for the FY 2014-15. A detailed table showing the reference to reported GRI indicators has been presented in the GRI Index at the end of this report.

Report Scope and Boundary

Our project boundaries have been defined keeping in mind the perspectives of our key management personnel together with the various issues and challenges identified through various discussions or interactions with our customers, contractors, employees etc. An overall review of these helped in identifying the key materiality issues that helped form the further strategies.

The boundary setting process was done based on GRI principles. Each of the material aspect was identified for its impact either outside or inside the organization and the scope of the report was finalized. It was found that each of the material aspect had the relevant impact within the organization.

Scope of our report for financial year FY 2014-15 includes all the operations like manufacturing, assembling and supplying of automotive products at Krishna Autocomp, (Ambad) Nashik.

Pg. 06

CEO Statement Dear Stakeholders,

In our endeavor to contribute to the economic and social progress of the country and enabling better quality of life for stakeholders, Krishna Autocomp has been playing a pivotal role by providing Automotive components at competitive prices to its customers. Our latest technologies that leads to Customer satisfaction and use of internationally recognized standards has been constantly our endeavor and has turned out to be a key business focus.

It gives me immense pleasure to present Krishna Autocomp’s Industries first sustainability report for financial year FY 2014-15.

We understand the number of uncertainties’ happening in the businesses because of the climate change, hence we strive to behave responsibly by embedding sustainability in all or business processes. In spite of this being our maiden Sustainability Report, our commitment to the concept of sustainability has always been an intrinsic part of our way of life.

Efficient and innovative use of natural resources, recycling, re-use , efficient use of energy and waste minimization have always been an integral part of our ethos which is why we have always considered commitment to the environment and to the community at large as our top-most priority.

We have always been a client specific organization and all our efforts are directed towards providing high end value added professional services of manufacturing and supplying automobile components. Furthermore, we customize these products on the basis of the specifications detailed by the clients so as to cater to the different requirements of the clients. Besides, our logistics personnel make sure that the consignments are delivered on time at clients' destination using our wide distribution network. Apart from this, we accept payment via several easy modes like cash and cheque for assuring the complete convenience of customers.

We have always been transparent and ethical in all our business practices and our approaches towards clients. Our Management approach and market leading prices have been the major components of our growth and success. Our policies have enabled us to muster a huge customer base across the market and form a positive image in the minds of all our stakeholders.

While pursuing our business goals, we always strive not only to ensure compliance to applicable regulations but also aim to achieve newer operational standards and innovative approaches to meet the customer requirements even better.

Mr. Sanjeev Sharma

Chief Executive Officer

Krishna Autocomp

Pg. 07

Ensuring the ergonomics of the workplace i.e. ensuring the health and safety of our workforce has always been a high priority and this also involves undertaking various trainings and development programs as well.

We realize that this first sustainability disclosure of Krishna Autocomp will provide us with new insights into growing responsibly as well as better presenting our processes and working methodologies to our stakeholders outside the company as well.

At Krishna Autocomp, we believe in long term partnership with our customers & we always look forward to an opportunity to explore new avenues that could prove mutually beneficial.

We value our stakeholders and would like to thank them for their continued trust and support. At Krishna Autocomp, we remain committed to further improve the practice of sustainability to better meet your expectations and hence invite your suggestions to accentuate the sustainability quest at our company.

Pg. 08

Company Profile

We, “Krishna Autocomp”, are one of the leading manufacturers and suppliers of sheet metal press component, tools, dies, jigs and fixtures. Our headquarters is located at D-58, MIDC; Ambad, Nashik -422010. Based in Nashik (Maharashtra, India), we are an organization held in partnership. The net sales for the reporting year is INR 89706923.

Manufactured using premium quality aluminum, stainless steel and various other material, our products are highly applauded for their dimensional accuracy, high strength, optimum durability, easy installation, corrosion resistance and fine finish. The raw material used in the manufacturing process is sourced from the most authentic vendors of the market.

A competent team of professionals is appointed by us that greatly supports all the practices of manufacturing and trade. These highly experienced professionals hold detailed knowledge of their respective domains. Moreover, we have developed a sophisticated infrastructure facility installed with high tech machines and advanced technology that sprawls across an extensive area. In order to provide clients with a flawless range of products, we conduct various tests at our end. Since our range is in tandem with the norms of the industry, we have been accredited with relevant international standards. Furthermore, we customize these products on the basis of the specifications detailed by the clients and the consignments are also delivered on time at clients' destination.

We are a private company and there was no change in ownership, size, structure observed during the reporting year. We do not have any externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses. We are not associated as a member to any other organisations.

Pg. 09

Our Product and Services

Krishna Autocomp has been into manufacturing and supplying of the automotive components like sheet metal press component, tools, dies, jigs and fixtures to Automotive OEMS.

We are a very small organization the following are the details of our employees.

Categories of employees Male Female

Permanent Employees 12 0

Contractual Employees 21 0

Total 33 0

Our Supply Chain Management.

Our supply chain is well maintained and follow a specific procedure. Currently we have engaged around 8 suppliers for fulfilling our business requirements. These suppliers are categorized as R M suppliers, Consumable supplier, contractors and job workers. First we provide a purchase order to our suppliers according to the requirement, then once the material is received we get receipt of material and bill booking is done after which the pay is processed to the individual supplier. We are currently supplying to a leading Automobile company in India.

Sheet Metal Stampings Reinforcements Dies and Moulds Press Tools

Pg. 10

Corporate Governance Good corporate governance is the foundation for maximizing shareholder returns, optimizing

Operational performance, attracting talent, clients, and partners, and making a positive impact on the lives and businesses we touch. Krishna Autocomp’s corporate governance practices are derived from the exceptional composition of its Board of Directors, and the strong strategic direction and rigorous management focus they provide. Its Core values and ethical business practices are central to whatever we do. The Company has never been daunted by limitation and have always strived to go beyond compliance.

MR

. SA

NJE

EV

SH

AR

MA

(C

EO

)

MR.MAHESH BHAVSAR SR.MANAGER

(PURCHASE & FINANCE)

MR. DYNANESHWAR PATIL

(ASST MANAGER)

(VACANT)

MR. DANIEL SIMON SR.MANAGER

(MAINTENENCE)

SURESH KUMAR

(FITTER)

DNYANESHWAR SHELKE

(FITTER)

Mr. SANJAY WAGH

SR. MANAGER (PRODUCTION)

ARJUN SAPKAL

(PRODUCTION SUPERVISER)

SUMER SINGH CHAUHAN

(PRODUCTION SUPERVISER)

HANUMAN SINGH SHEKHAWAT

(SUPERVISER DISPATCH)

MR. YOGESH ATRE

SR. MANAGER

(OPERATION)

GANESH MARWALE MANAGER

( DEVELOPMENT)

AVINASH LUTE

(ENGINEER QUALITY)

KAUSHAL SINGH

(QUALITY INSPECTOR)

MUNINDAR JHA

(QUALITY INSPECTOR)

MUKESH SINGH

(QUALITY INSPECTOR)

YOGESH DONGARE

(ENGINEER DEVELOPMENT)

Pg. 11

Public Policy Advocacy

Krishna Autocomp is a member of Nasik Industrial Manufacturer’s Union.

Pg. 12

Building Partnerships of Trust

In today’s world of networks and relationships, stakeholder engagement is imperative to build awareness and trust, learn together, build common ground, resolve conflict, collaborate and cooperate to achieve common good.

Krishna Autocomp engages with a broad spectrum of stakeholders, internal and external to understand their concerns and priorities and use those inputs to guide policy formulation and decision-making.

The aim of engaging with the Stakeholders is as follows:

• Determine the priority sustainability issues, as defined by internal and

external stakeholders

• Develop and strengthen the business case for sustainability

• Recommend how these outputs can be integrated in business strategy

While Customers, Employees, Suppliers and bankers are primary stakeholders for the Company, the external stakeholders are also identified through a formal procedure as well as through Industry association etc.

Pg. 13

Stakeholder Engagement Process

We identify our key stakeholders through their impact on our business and the value we create for them in return. The concerns identified by them through various channels and engagement mechanisms are vital for our successful business growth. At Krishna Autocomp engagement with stakeholders is an ongoing process and need based. The stakeholder engagement was carried out with identified key stakeholders for gaining the inputs for the report preparation process.

Also, stakeholder engagement is a facilitator of trust. Hence, identifying and engaging with relevant stakeholders is a way to ensure smooth execution of operations. It also helps in creating a safe environment for the workforce, customers and the community as a whole.

Our Key Stakeholders

Customers

Employees

Suppliers

Bankers

Pg. 14

Customers

Repeat business is the backbone of any company. It helps to provide revenue and certainty for the business. Hence we are dependent upon our customers and develop customer loyalty and satisfaction to retain them with our organization forever.

Customer satisfaction is at the heart of our business process and hence we offer solutions to customers for their range of outsourcing needs. Our ability to develop products and customize them according to changing market demands and specific requirements is vital for our current and future business growth.

Our team members directly interact with the customers to know their exact needs and provide them the products accordingly. Also, our logistics personnel make sure that the consignments are delivered at clients’ destination within the stipulated time frame using our expansive distribution network.

Employees

In this rapid cyclic economy, we know that having a high-performing workforce is essential for growth and survival. At Krishna Autocomp, we recognize that a highly engaged workforce can increase innovation, productivity, and bottom-line performance while reducing costs related to hiring and retention in highly competitive talent markets.

Our employees are our most valuable assets and significant contributors to our success. The employees are the ones who create and deliver the products or services to our customers. We fulfill our commitment towards employee development by providing adequate opportunities to them in the form of various training and learning sessions and thereby help them hone their skills to the best.

We have established initiatives to enhance our relationship with our employees through various employee-based schemes and employee engagement events.

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Suppliers

As quality is of utmost importance for our business, it is important to maintain cordial relationship with our vendors and suppliers.

We have always maintained our stance on the suppliers maintaining a comprehensive quality system to ensure compliance with the requirements of the contract.

We have a dedicated process that we follow to assess the capability and performance of each supplier in order to ensure that each of our suppliers and sub-suppliers are also meeting the industry standards and the raw materials procured are of the highest quality. Maintaining positive relations with our vendors/contractors thus indirectly helps us build confidence with our customers.

Bankers

A bank is a financial intermediary and money creator that creates money by lending money to a borrower. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries.

Like any other company, our company is also built up on finances and the financial assistance is provided by bankers. Without bankers any transaction is not possible for our company. Maintaining transparent and ethical financial transactions ensures long-term relationship with the banks and their respective authorities.

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Materiality Analysis

Management Approach:

Identifying Sustainability issues of critical importance is essential for developing a focused and comprehensive sustainability strategy for our company. Therefore, it became necessary to institutionalize a process for identifying the material sustainability issues and challenges for the company and its stakeholders. The intent of setting up such a method is to deliberate and focus keenly on the issues that impact us and our surroundings and which would also create the path for future growth.

Our Process of Identifying Material Aspects

A laundry list of material issues was prepared by KPMG in consultation with the senior management at Krishna Autocomp. The factors considered while listing down material issues were; media reporting, internal review, external peer review, sector specific standards and regulations and research on wider social and environmental trends and challenges.

Stakeholder’s were identified and prioritized based on their influence on Krishna Autocomp and Krishna Autocomp’s Impact on the stakeholders. Employees, Customers, Suppliers, Bankers were the key stakeholders considered in this study.

Pg. 17

The internal and external stakeholders (except community) ranked the material issues on a scale of 1 – 6 (where 1; very low, 2: low, 3: medium; 4: high, 5: very high and 6 is not applicable) based on the impact and importance of the material issue for Krishna Autocomp. The local community’s feedback on material issues was taken and incorporated though one to one interactions.

We arrived at the top five material issues for the Krishna Autocomp by a scoring methodology, where a simple average was taken for all the identified issues from all stakeholders, including senior management. The Identified aspects were considered to be material and the report content is based on these material issues.

Our Material Issues

The following are the identified/ prioritized material issues for this report.

Customer Satisfaction

Customer satisfaction’ in every possible way has always been the driving force behind each of Krishna Autocomp’s business activities and shall always remain the center of focus in order to create an all-inclusive sustainable growth for the company.

Managing customer satisfaction and meeting customer requirements has always been the key area of focus at our company, which is why all our operations and processes are always managed in a way so as to meet the needs of the customer according to the changing market conditions.

We believe that customer satisfaction can be achieved only if the products and services provided by us are of the highest quality and meet industry standards alongside meeting the ever-changing client specifications as well. To achieve this we have created an expert team of professionals who are highly skilled and can adapt to the latest technological up gradation in the market that leads to

Customer Satisfaction

Employee Training and Development

Occupational Health and Safety

Employee Engagement

Energy Consumption and Efficiency

Pg. 18

manufacturing of precision engineered automobile components. Even for the products that are supplied directly without customization, we provide a wide range of varied products in each of the category so as to suit the needs of every particular client.

Our Team members have always maintained a point to interact with the customers through various mediums in order to know their needs in a better manner and shall continue to strive towards achieving a better customer-management relationship through various efforts.


Our people are our most valuable assets and investing in them helps us build a strong organization. At Krishna Autocomp, we measure growth not just in terms of the value we deliver to our customers, but also in terms of the growth of our employees. We believe that the welfare of our employees is integral to our vision to become a vibrant organization.

Our talent management strategy is focused on building future leaders and creating a talent pool within the organization to ensure a pipeline of high quality business leaders to steer the company forward on its growth trajectory. Hence the company focuses on training their human resources for the overall development, motivation and retention of their employees.

Many training programmes are arranged for the permanent and contractual workforce by us to enhance their capabilities. This year also we had organized many employee trainings on currents topics relevant to their overall development and the information is provided further in this report.


Safety is one of the most important aspect at Krishna Autocomp. As a Manufacturing unit and supplier there is always a risk associated with health and safety of the employees and utmost care should be taken to protect the employees. We recognize the importance of the safety at workplace for our employees and always strive to have zero injuries at our workplace.

Precautionary awareness of occupational health risks is an integral part of our orientation program and on-site trainings, for both employees and contractors. We also impart trainings on various health issues and safety concerns to our employees and contractors on various issues for their general awareness.

Pg. 19

Employee Engagement

Employees are building blocks of any organization. Growth and success of any organization is because of technology adaption and innovation, but it is implemented by employees. The employees are the ones who not only create and deliver the products or services to our customers, but are also our company’s face in front of the customers. Hence our employees are our most valuable resource and significant contributors to our success.

We regularly engage our employees by conducting regular meetings, to understand their concerns and provide resolutions by arranging various trainings and employee events. . In case of any concerns arising during any of the engagement sessions we make sure to resolve it at the earliest and also take care not to have a repeat of it ever again.

Energy Consumption

Our efforts in energy management focus on an integrated approach which entails all the steps in the value chain – from transportation of raw materials from the plant, to the production of automotive components and further the dispatch of the final products to our customers. This seamlessly coordinated production chain and the concentration of expertise, provide an excellent basis for symbolizing product characteristics while at the same time reduces energy and resource consumption.

Materiality Issue Materiality Aspect GRI Indicators

Customer Satisfaction Product and Service Labelling

G4-PR5


Training and Education G4-LA9



G4-LA6

Employee Engagement Labor Practice Grievance Mechanism

GR-LA16

Energy Consumption Energy G4-EN3

Pg. 20

Our Environmental Footprint Management Approach While the global demand for engineered automotive components and vehicle parts is constantly increasing with the ever-growing automobile sector, it also indicating an increased use of natural resources for the production of the same. This demand is expected to only increase at a prolific rate in the future.

We realize that these resources are shrinking and therefore the need of the hour is to utilize them as efficiently as possible and reduce the wastage to the maximum extent possible.

To reduce the environmental footprint in our operations, we are in the process of taking measures for improving the efficiency of our processes and using the energy resources optimally. At the same time, we are enhancing our efforts towards recycling and reusing waste, thereby reducing landfilling. We ensure that our operations do not incur any negative impact on our surrounding biodiversity.

Energy Consumption We being the responsible organization our main efforts are to reduce our natural resources optimally and also to achieve energy efficiency in our operations. We have our entire value chain organized in a way where right from transportation of raw material to the production plant, to the production of automotive components in the company and further their dispatch of the final products to the consumers showcase our energy management approach. This well organized and coordinated production chain and the concentration of expertise, provide an excellent basis for symbolizing product characteristics while at the same time reduces energy and resource consumption. The following is the data for our direct energy consumption. Our raw material consumption was 752.92 MT for the FY 2014-15. The energy required for the conversion of raw materials into final products is our direct energy consumption, given below in the table.

Sr. No Direct energy consumed Unit Quantity

1. Electricity GJ 1237

Pg. 21

We have also taken some steps to reduce the energy consumption by our company. Capacitor were installed in all our machines in the month of June and 9% reduction in total energy consumption was achieved. Similarly Air leakage was reduced in the month of May at heavy press shop and almost 5% reduction was achieved in consumption of energy.

Reduction in Energy Consumption

Initiative Month Area where initiative

was implemented

Reduction achieved - Quantity

Capacitor installed June All Machines 9%

Air Leakage May Heavy Press Shop 5%

Pg. 22

Social Performance Management Approach

A skilled, committed, knowledgeable and enthusiastic workforce has always been the priority at Krishna Autocomp. We also believe that having the correct balance of right talent and skills will prove to be a key success factor and shall also be an important parameter in defining our future growth as well.

Inclusion and empowerment of people in the organization will make them more creative and productive and also due emphasis needs to be laid on understanding the employees’ concerns and their expectations to enhance their efficiency levels. We aim to continuously improve our employee engagement schemes so as to provide our workforce with a conducive work atmosphere and also look towards developing further strategies towards the overall development of our employees.

We firmly believe in the fact that each of our employee should get equal opportunities to sharpen their skills, which is why they are provided with a number of training and learning sessions which help them increase their skills in their area of expertise. Also to keep our professionals abreast of market trends & technological advancements, we arrange a number of interactive and learning sessions for them.

Considering the type of production and manufacturing processes that are carried out at our organization, ensuring the occupational health and safety of the workforce in the firm is also of utmost importance. Various control systems and devices, O&M systems, compliance audits, inspection and maintenance, safety equipment, risk management should thus form an integral part of our sustainability strategy at Krishna Autocomp.

Also, taking into account the issues related to workforce/ labor as well as the concerns regarding various human rights at the workplace is of utmost priority for us as our employees are major contributors to our growth and success.

Pg. 23


Our employees are major contributors to the growth of our company. It’s our priority to provide continuous training and learning sessions to our workforce that helps them upgrade their skills in their area of expertise. Training is being provided on various topics. Following is the data of our gender wise and category wise workforce as on March, 2015.

Total number of Employees- permanent

Total permanent employees

Total number of Employees- Contractual

Total contractual employees

Male Female Male Female

12 0 12 21 0 21

Following is the data provided on total training hours provided by Krishna Autocomp to their permanent employees, permanent workers and contractual labors.

Permanent Staff Training Hours (Male)

Permanent Staff Training Hours (Female)

Permanent Staff Total Training hours

198 0 198

Permanent Worker Training Hours (Male)

Permanent Worker Training Hours (Female)

Permanent Worker Total Training hours

308 0 308

Contract workers Training Hours (Male)

Contract workers Training Hours (Female)

Contract workers Total Training hours

482 0 482

Since we are a very small organization, currently we don’t conduct any programs for the skills management and lifelong learning that support the continued employability of employees or assist them in managing career endings.

Pg. 24

Employee Engagement

We believe that employee satisfaction is our best reward and hence we engage our employees to motivate them and build trust amongst them.

We regularly engage our employees by conducting regular meetings, to understand their concerns and provide resolutions by arranging various trainings and employee events.

In case of any concerns arising during any of the engagement sessions we make sure to resolve it at the earliest and also take care not to have a repeat of it ever again.

Currently there is no grievance mechanism for our employees since our employee number is not very high. Hence any kind of employee grievance is resolved at individual level.


Any manufacturing company faces issues related to workmen safety. Hence, it becomes a necessity to provide a healthy and safe working environment and also form strategies related to assisting workforce members or their families regarding such hazards and risks etc.

We have few people from our workforce represented in formal joint management–worker health and safety committees that helps us monitor and advice on occupational health and safety programs carried out in the company. We have made sure, that the presence of both management as well as workers in this committees will make the policies on health and safety more transparent as well as more precise. We have observed no risks to the employees related to their occupation.

Safety parameters Permanent workforce Contractual/ Temporary

workforce

Total Man-hours worked

43769 68409

Injury 0 1

Fatality 0 0

Lost days 0 29

Pg. 25

Product Responsibility Management Approach

The impacts of our products and services during their use phase and also at the end of the product life are of significance. Also, as we customize our products according to the specifications given by the customers, it becomes important to take more proactive approaches of assessing the impacts of our products and services. We assess the health and safety impacts of the product/ service for improvement during the certification process.

Being a quality conscious organization; we strive hard for achieving the highest standard of the quality in each product. We believe in ensuring compliance to indicate confirmation to performance parameters and also reduce financial risks.

For this, we procure premium raw material from the reputed vendors of the market for manufacturing our entire range of products and services. We have defined processes in order to ensure that our machining centers, machine tools and components, special purpose machines etc. meet global industry standards and that raw material of the highest quality go into our production processes.

Supply Chain Management

Transportation of the automotive parts and assemblies for various customers at various locations leads to the need of identifying various environmental impacts due to the transportation of these products and also for various logistical purposes or planning strategies also.

Ethical business practices along with meeting customer requirements indicates a need to form systems and strategies to screen our suppliers and also describe processes used to identify and assess significant impacts.

Customer Satisfaction Surveys “Customer satisfaction” being our main focus area we try to get a feedback from our customers in the form of a performance score card. This score card evaluates our performance based on following parameters like customer perceived quality performance, plant quality performance, certifications, plant delivery performance and system certifications or audits.

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GRI Content Index for ‘In accordance’ – Core

GENERAL STANDARD DISCLOSURES

General Standard Disclosures

Description Information related to Standard Disclosures required by the ‘in accordance’ options may already be included in other reports prepared by the organization. In these circumstances, the organization may elect to add a specific reference to where the relevant information can be found.

Page Number

External Assurance Indicate if the Standard Disclosure has been externally assured. If yes, include the page reference for the External Assurance Statement in the report.

STRATEGY AND ANALYSIS

G4-1 CEO statement on sustainability. 6 No external assurance

ORGANIZATIONAL PROFILE

G4-3 Name of the organization 8 No external assurance

G4-4 Primary brands, products, and/or services 9 No external assurance

G4-5 Location of organization’s headquarters 8 No external assurance

G4-6

Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report

8 No external assurance

G4-7 Nature of ownership and legal form 8 No external assurance

G4-8 Markets served (including geographic breakdown, sectors served, and types of Customers/beneficiaries).


G4-9 Scale of the reporting organization. 9 No external assurance

G4-10

Total number of employees by employment Contract and gender. Report permanent employees by employment type and gender, total workforce by employees, supervised workers and by gender, report total workforce by region and gender, report if substantial portion of work is by self-employees or contractors, report significant variations in employment numbers (seasonal variation).


G4-11 Report the percentage of total employees covered by collective bargaining agreements

No trade union exists

No external assurance

G4-12 Describe the organization’s supply chain. 9 No external assurance

G4-13 Significant changes during the reporting period Regarding size, structure, or ownership.

8

G4-14 Explanation of whether and how the precautionary approach or principle is addressed by the organization


Pg. 27

G4-15

Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses.


G4-16

Memberships in associations (such as industry associations) and/or national/international advocacy organizations in which the organization:

• Has positions in governance bodies; • Participates in projects or committees; • Provides substantive funding beyond

routine membership dues; or

• Views membership as strategic


IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES

G4-17 All entities included in the organization’s consolidated financial statements and if any of these are not covered in the report.

4 – 5 No external assurance

G4-18

Process for defining report content and aspect boundaries and how the organization implemented the Reporting Principles for Defining Report Content


G4-19 List all the material aspects identified in the process for Defining Report Content.


G4-20

For each material aspect report the boundary within the organization: if aspect is material within the organization, if the aspect is material for all entities within the organization and any limitations regarding the aspect boundary within the organization.


G4-21

For each material aspect report aspect boundary outside the organization: if the aspect is material outside the organization, identify which entities or groups for which it is material. Describe geographical location where aspect is material for entities identified. Report any specific Limitations regarding aspect boundary outside the organization.


G4-22 Report the effect of any restatements of information provided in previous reports, and the reasons for such restatements.


G4-23 Report significant changes from previous reporting periods in the Scope and Aspect Boundaries.


STAKEHOLDER ENGAGEMENT

G4-24 Provide a list of stakeholder groups engaged by the organization


G4-25 Basis for identification and selection of stakeholders with whom to engage


G4-26 Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group.


G4-27 Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key


Pg. 28

topics and concerns, including through its reporting.

REPORT PROFILE

G4-28 Reporting period (e.g., fiscal/calendar year) for information provided


G4-29 Date of most recent previous report (if any). 4 No external assurance

G4-30 Reporting cycle (such as annual, biennial, etc.) 4 No external assurance

G4-31 Contact point for questions regarding the report or its contents

Last Page


G4-32 Table identifying the location of the Standard Disclosures in the report.


G4-33 Policy and current practice with regard to seeking external assurance for the report


GOVERNANCE

G4-34

Governance structure of the organization, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organizational oversight


ETHICS AND INTEGRITY

G4-56 The organization’s values, principles, standards and norms of behavior such as codes of conduct and codes of ethics.


SPECIFIC STANDARD DISCLOSURES

DMA and Indicators

Description

Identified Omission(s)

Reason(s) for

Omission(s)

Page Number

Explanation for

Omission(s)

External Assurance

.

Material Aspect: Energy

G4-DMA Disclosure on Management Approach


G4-EN3

Total fuel consumption from non-renewable & renewable sources


G4-EN6

Reductions in energy consumption achieved as a direct result of conservation and efficiency initiatives

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Material Aspect : Occupational Health and Safety



Pg. 29

G4-LA6

Type of injury and rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related fatalities, by region and by gender


Material Aspect : Training and Education



G4-LA9

Average hours of training employees have undertaken during the reporting period.


Material Aspect : Labor Practices Grievance Mechanism



G4-LA16

Number of grievances about labor practices filed addressed and resolved through formal grievance mechanism


Material Aspect :Product and Service Labelling



G4-PR5

Results of survey measuring customer satisfaction.


Krishna Autocomp D-58, M I D C, Ambad, Nashik -422010, Maharashtra. | Tel 0253 238 35 21

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