Project Profile - HEAT TREATMENT OF COLD WORK OR HOT WORK

Introduction

         Hot work tool steels are well suited for manufacturing dies for hot forgings, hot extrusion and for die casting dies. Cold work tool steels are mainly employed for making tools intended for cold work applications such as reamers, taps, press blanking, stamping dies etc. There are many cold work tool and hot work tool steels are there but properly known ones are as follows:

Cold work tool steels

         Cold work High carbon and high chromium tool steels composition 1.50 – 2.35% carbon 12.00 % chromium 1.00% Molybdenum , 1.00% vanadium, 3.00% cobal,4,.\.00% vanadium

Hot work tool steels

        1)          Chromium base hot work steels: 0.35-0.55% carbon, 1.50% Molybdenum, 5.00-7.00% chromium,                       5.00-7.00% Tungsten, 1% vanadium

        2)          Tungsten Base Hot work tool steel: 18:4:1
                     18% Tungsten 4% chromium 1% vanadium

        3)          Molybdenum base hot work tool steel: 5.00-8.00% Molybdenum, 4% chromium, 1.00-2.00% vanadium,                      1.00-6.00% Tungsten

Market Potential

         Due to red hardness, wear resistance, erosion resistance thermal cracking and other properties the hot work tools and due to non-deforming, non-distorting and other properties the cold work tool steels are find good market. In the State of Kerala, some units may come up for fulfilling the needs of Heat treatment of die manufacturers.

Bases and Presumption:

        Working hours/shift: 8 No. of shift per day: One Working days in year: --------------300
        Capacity utilization: -----------------------------------------------------------------75%
        Labour charges: As per Market Privilege
        Margin money: 25% of the total Investment Rate of Interest on total investment: -----14%
        Repayment period of the project: ---------------------------------------------------8 years

        Value of machinery and equipment estimated on the basis of the prevailing market.

Implementation Schedule

         Project implementation will take a period of 8 months from the date of approval of scheme. Break up of activities with time period is shown below:

Sl.No.
Nature of activity
Time period in month
1
Scheme preparation and approval
0-1
2
SSI Provisional Registration
1-2
3
Preparation of detailed project report
1-4
4
Clearance from Pollution Control Board
2-3
5
Approach for finance
4-5
6
Placement of order for delivery of machinery
5-6
7
Installation of machinery
6-7
8
Power connection
6-7
9
Trial run
7-8
10
Commercial production
9th months onwards

Technical Aspects:

Process of Heat treatment

         The heat treatment process for hot work tool steels and cold work tool steel involves

        1)          These steels are to be heated to hardening temperature in stages for minimizing the problems of oxidation,                      decarburisation and grain growth. Hardening temperature for cold work and hot work tool steels are 1010°C                      - 1350 °C
        2)         These tool steels are to be preheated at 800 C and then quickly transferred to another salt bath furnace                     maintained at required hardening temperature depending upon the grade of steel.
        3)         Holding time at 800 C is calculated on the basis of 20-30 seconds per millimeter thickness or diameter of the                     tool. The holding time at final hardening temperature is less and rarely exceeds 5 minutes. Salt bath furnaces are                     preferred in order to avoid oxidation or decarburisation.
        4)         Heated steels are to be quenched in oil or stream of air or in salt bath
        5)         Quenched tool steels are subjected to sub zero treatment because of retained Austenite along with marten site
        6)         Immediately after sub zero treatment or quenching tool steels multistage Tempering is to be carried out at about                     200-550, for cold work tool steels and At about 550° C for hot work tool steels for obtaining required                     hardness and other properties
        7)         The jobs are to be tested for hardness if it is possible microstructure also.
        8)         Quality specification: The quality standards are as per requirements of the user and depend on the heat                     treatment procedure adopted on the basis of composition of the tool steels.

Heat treatment cycle :

IMAGE HERE

Production capacity:

       Quantity :         20 MT

        Value :             Rs. 37.80 In lakhs

Motive Power Requirement:

        Total Motive power requirement is                     6 H.P.

Pollution Control:

        The unit has to take into consideration the anti pollution measure for disposal of chemicals. The unit has to obtain no objection certificate from State Pollution Control Board. Working shed should be well ventilated and should be proper arrangements to be made for smoke and effluent from the furnace.

Energy Conservation:

        Proper steps to be taken for designing the furnace so that it will give the lowest oil consumption. Proper insulation to be done to the furnace for reducing the heat losses. Proper air and fuel ratio should be maintained. The standard burners accessories should be used. Effective utilization of the furnace for reducing the heat losses. Automatic pyrometer control should be fitted to maintain the proper furnace temperature. Timely preventive maintenance should be carried out for cleaning the burners etc.

Financial Aspects:

1) Fixed Capital

2) i) Land and Building

        50 sq. meter shed on rent @ Rs.200 per sq. meter                     Rs.10,000

ii) Machinery and Equipment

Sl.No.
Description
Qty
Rate (Rs.)
Amount (Rs.)
1
Salt bath furnaces pot size of 600 x 600x450 mm deep with 3 HP motor Blower and accessories
2
1,00,000
2,00,000
2
Quenching tanks 60x600x60 mm with rolling and quenching arrangements etc.
2
25,000
50,000
3
Hardness tester (Rockwell)
1
25,000
25,000
4
Metallurgical Microscope
1
60,000
60,000
5
1 HP Bench Grinder
1
15,000
15,000
6
Other Handling equipments, fixtures, hooks, job hanging pots for salts, bending wire , hoist etc.
L.S.
-
2,00,000
7
Office furniture
L.S.
-
25,000
8
Installation and Electrification charges @ 10% of the Machinery
 
-
60,000
 
Total
 
 
6,35,000

        iii) Preliminary and pre-operative expenses like legal expenses,
        Establishments cost, travel ling, start up expenses, consultancy
        Fee, estimate fee, service connection charges, trial run expenses
        Interest up to commercial production                                             20,000

Working Capital per month:

A. Staff and Labour

Sl.No.
Designation
No.of persons
Salary(Rs.)
Total (Rs.)
1 Metallurgist
1
8,000
8,000
2 Skilled Worker
3
4,000
12,000
3 Unskilled Worker
6
3,000
18,000
4 Accountant and Office Assistant
1
3,500
3,500
5 Watchman / Peon
1
2,500
2,500
  Additional perquisites @ 10% of the salaries
 
 
4,400
 
Total
 
 
48,400

B. Raw materials and consumables

1
Quenching Salts/Oil
L.S.
60,000
2
GI Wire and other Consumables
L.S.
5,000
 
 
 
65,000

C. Utilities

1 Power 6,700 KWH @ Rs.400 26,800
2 Water Charges 1,000
3 Fuel 3 KL @ Rs.17,000v per KL 51,000
    78,800

D. Other Contingent expenses

Transportation expenses
3,000
Repair and Maintenance
5,000
Postage, Telephone, Stationery
2,000
Advertisement and publicity
1,000
Miscellaneous
1,000
Total
12,000

Working Capital per month

1
Personnel
48,400
2
Raw materials and consumables
65,000
3
Utilities
78,800
4
Other contingent expenses
12,000
5
Rent
10,000
 
Total
2,14,200

Total Capital Investment

1
Fixed Capital
6,55,000
2
Working Capital for three months
6,42,600
 
Total
12,97,600
 
Say
12,98,000

FINANCIAL ANALYSIS

Cost of Production per year

1
Total recurring cost
25,70,400
2
Rent
1,20,000
3
Depreciation on furnace, office equipments, fixtures, jigs @ 20
86,000
4
Depreciation on Machinery and equipment @ 10%
21,000
5
Interest on total investment % @ 14%
1,81,720
Total
29,89,120

Turnover per year

        Heat treatment of Tool Steel of 20 MT @ Rs.190/kg                                 38,00,000

Profit (per annum)

        = Turnover – Cost of Production

        = 38,00,000 – 29,79,120

        = Rs. 8,20,880/-

Net Profit Ratio

        = Profit per annum x 100 / Turnover

        = 8,2 0,880 x 100 / 37,80,000

        = 21.72%

Rate of Return on Investment

        = Profit x 100 / Total Investment

        = 8,20,880 x 100 / 12,98,000

        = 63.24%

Breakeven point

Fixed Cost

        Rent --------------------------------1,20,000
        Depreciation on machinery ----------1,06,000
        Interest on Capital-------------------1,81,720
        40% personnel----------------------2,32,320
        40% other contingencies------------57,600
        40% Utilities------------------------3,78,240
        Total                                              10,75,880

Breakeven point

        = Fixed Cost x 100 / Fixed Cost + Profit

        = 10,75,880 x 100 / 10,75,880 + 8,20,880

        = 56.72%

NAMES AND ADDRESS OF MACHINERY SUPPLIERS

Machinery Suppliers

        1)     M/s. Associated Furnaces
                M.O. Office No.8C-3 1st Floor
                Main Road, Wazirpur Industrial Area
                Delhi-110 052 Email_hitech@associated furnaces com

        2)     M/s. H.T. Makhin Jani & Associates
                G6 Gitan Jali, Behind Radio Club, Colaba, Bombay-400 005

        3)     M/s. Encon International Pvt. Ltd.
                14/6 Mathura Road, Faridabad-121003, Haryana State

Testing Machinery Suppliers

        1)     M/s. Chennai Metro (Pvt.) Ltd.
                Sp 100A, Ambattur, Industrial Estate
                Chennai – 600 058

        2)     M/s. Fine Testing Machines
                Sales & Service, 359, Lake Town
                Block ‘A’ Kolkata – 700 085