IATF : 16949:2016

Doc No:-QF/MR/21
MASTERMIND ENGINEERING PRODUCTS PVT. LTD. REV No :- 00
REV Date :- 01.04.2024

Risk Management
Prepared By: M.R.
Approved By: Director
Revision No. 6
Revision Daate: 01.04.2024

Probabili

Impact
Scale
(PxI)
Process Step / Target
[Link] Risk Identified Current Control Action Plan Resp. Person Remarks

ty
Function Dt.

1 Competant / skill manpower Scarcity training is provided 2 3 6 Market resarch & recruitment Mr Mahaveer Khot On going
TOP
MANAGEMENT Majour orders for batch Qty. No fix
2 Production as per batch Qty. 1 3 3
shedule from customer

on time delivery /
increase on
3 Fails to on time delivery Stock for 3 day plan 2 4 8 New machine to be purchase Mr Mahaveer Khot Jul-24
productvity/custo
mer satisfection

4 Non – availability of Tooling stock maintained 3 3 9 Stock Review in every week PROD. HOD'S

5 Manpower shortage Daily manpower data 2 4 8 Alternate contractor HR

PRODUCTION &
TOOLING
6 Untrained Manpower Skill Matrix & Skill Up Gradation Plan 3 3 9 Skill Up gradation to Training PROD. HOD'S
MANAGEMENT

7 Non – availability of Raw Material Production planing as per raw material 3 4 12 Maintaining 1 Month stock [Link] /Parkhe 01.06.2024

Tool drawing mail to supplier Min 15 Days

8 Delay In manufacturing from Supplier 3 3 9 One more source to be devlope [Link]/Sagar 01.06.2024
advance

Wrong Design specification given to mail consisting detailled specification are

9 1 5 5 [Link] be issued Mr. Jaydeep
supplier send

1. 100 % inspection at PDI stage.

10 Poor vendor rating 3 4 12 vender devlopment plan [Link] 01.06.2024
2. 8 D action plan

1) 100% visual inspection

2) visual inspector training given to
11 Skipping of defective parts 1. 100 % visual inspection being on 4 5 20 Mr. Sachin/ sayali
defect
3) trained manpower

1) skill manpower required

Inward material inspection to
12 Wrong material received from supplier 4 5 20 2) Training prepare to inward [Link]'S Nov-23
challan ,material,Qty and TC verification
inspector/ store keeper

1)Rejection material used to red

Rejected material skip to production Without QA approval RM not handover to
13 4 5 20 colour riben and rejection area QA. HOD'S
line production
sepreted Rejection area locking key

Alternate gauge Stock from meppl

14 QA Failure in Gauge Gauge Calibration done as per schedule 4 5 20 [Link]'S Nov-2023.
End

Follow Equipment calibration plan and MSA

15 Measurement error 4 5 20 Traning of inspectors. HOD'S
study
TC verification and hardness checking at
16 Raw Material Grade change reciept & Third party NABL verification as per 5 5 25 Traning of inspectors. PUR .HOD'S
schedule / customer requirment.

No tag /job card/identification sticker No acceptance of material for futher inhouse

17 2 4 8 Mr. Sachin
on material processing.
Online & Lotwise
Ensuring ok & 100 % identification on each inspection ,packaging , stickering &
Wrong Identification on material
18 packet by trained & experienced packaging 2 3 6 storage. QA HOD'S Nov-2023.
packets
viual inspection department Training arreng by packing
standerd
Extra manpower recruitment / multi skill
19 No stable manpower 2 3 6 Alternate contractor HR
inspectors.

on time delivery /
increase on
20 Delivery time Failure (N) Maintain stock 2 3 6 New machine to be purchase [Link] Khot Nov-23
productvity/custo
mer satisfection

Month wise different color code on FIFO

21 FIFO not followed (N) 1 3 3
maintained

22 STORE & Man power shortage (N) Daily manpower data 1 3 3 Alternate contractor HR
DISPATCH

23 Inventory variation of child parts Maintain Required inventory 1 3 3 Mr. Parkhi

Tagging on material including on part no or Training arrengment to dispatch

24 Wrong Dispatch 1 3 3 Mr. Vasudev
part name person & Team

25 Short Qty After loading verified twice for qty 1 3 3 Mr. Vasudev

1) critical spare minium stock level

to be define
26 Non availability of machine spare Monitoring critical spare part list 2 4 8 Mr. Vasudev JUl-2024.
2) critical spare part list review to
every week

Communication of Maint. Plan with

27 Non availability of machine for PM Maintaining Annual maintenance plan 3 3 9 Mr. Vasudev JUl-2024.
production
MAINTENANCE
Non availability of external Communication Contigency follow
28 Telephonic discussion with agency 3 3 9 Mr. Vasudev JUl-2024.
agency/services for PM agency

Oil level checking weekly as per plan and critical spare minium oil stock level
29 Non availability of machine oil 3 3 9 Mr. Vasudev JUl-2024.
maintained stock of oil to be define

30 Incompetent internal auditor (N) Trained to internal auditor 1 3 3

31 MR Delay in Internal audit Internal audit as per plan conducted 1 3 3

32 Delay in MRM MRM as per plan Condected 1 3 3

 33 Appointed of incompetant person Qualification record verified 1 3 3

34 HR Wrong traning given Dipartment wise training plan 1 3 3

35 De-motivated employee Motivation schme are practice 1 3 3

Make the Time Plan Chart as per customer

APQP( Advanced product quality
required. Make the
36 Delay in devlopment 2 3 6 planning) Time Plan chart 100 % HOD'S
Time Plan Chart And completed the Tool Die
adherence of time plan
manf. Within time plan
NPD
Estimated costing cycle time as per
STD. Process Parameter Sheet process flow analysis.
37 Estimated cost Vs. Actual Cost 2 3 6 HOD'S
Rate revision based on tool life Tool cost from customer for Non
standard part.

38 Funds non availability (N) Monthly distribution of payment 4 5 20 Weekly communication. Director

PO revied by and approved by Top

39 Wrong Specification in PO 1 3 3
management

PURCHASE PO revied by and approved by Top

40 PO issued to Wrong supplier 1 3 3
management

41 Wrong Marerial inwarded Inward inspection 1 4 4

42 Wrong Supplier selection Supplier Evalution 1 3 3

Notes :- Risk Analysis should inculde at a minimum,lessons learned from product recalls, product audits, field returns and repairs,complaints,Scrap,and Rework.

Assessing Risk
Scale Scale No Probability Impact
Very Low 1 Unlikely to Occur Negligible impact
Low 2 May Occur Occasionally Minor Impact on Delivery, Cost or Quality
Medium 3 Is as likely as not to Occur Notable impact on delivery, cost or quality
High 4 Is Likely to Occur Substantial impact on Delivery, cost or quality
Very High 5 Is almost certain to Occur Threatens the success of the organization

Risk ranking
 MASTERMIND ENGINEERING PRODUCTS PVT.L
RISK AND OPPORTUNITY REGISTER
Prepared By: MR [Link] Khot - Director
Approved By: DIRECTOR [Link] Zambare - Design & NPD
Team Name
Rev No. 6 [Link] Gawade - QA
Last Update On 01.04.2024 Mr, Sagar Kumbhar- Tool Room

Sr. Probabil Risk

Aspect- Description Risk Event:Consequence Impact RPN=PxI
No. i Gradiation

Will have significant impact on our

business. Level of punishment is defined
Change compliance in legal &other
legislation for every violation with respect 2 4 8 Low
statuary requirments
to fail in legal and other statutary
compliance obligation.

1 Market
Down .No
manpower .
Epidemic in india OR worldwide Reduction in customer schedules 4 4 16 Medium
.Loss of orders
.Loss of Business
.Shortage of fund

Government stability & likely No significant impacct,Government is

2 3 2 6 Low
change stsble

3 Space contstraints Sufficient space is available 2 2 4 Minor

Competitors available in the market

4 Loss of business 3 5 15 High
for the sheet metal stamping

Perice issue du to discount asked Which will eat out profit margin, reduction
5 4 4 16 High
by the customer in the sale turnover.

6 Delay in payment from customer Financial stability 3 4 12 Medium

Less order as per the expectetion Loss of business with reduction in the
7 4 5 20 High
due to market slow down. sales turnover

More complaint & decresses in product

8 Customer dissatisfaction quality may led dissatisfaction in customer 3 4 12 Medium
satisfaction

Current economic growth,ease of Will have impact due to change economic

9 2 2 4 Low
doing business policies
Will have impact due to change economic
10 Increase infiation & intrested rate 2 4 8 Low
policies

11 Shortage of manpower Loss of production 2 5 10 Medium

Energy price risk is the risk that increased

12 Energy price risk energy price could adversely impact 3 5 15 High
MEPPL's operating profit

MEPPL is dependent on a large number of

Supplier intrested intrested working [Link] loss of key suppliers could
13 3 4 12 Medium
with MEPPL. result in cost for MEPPL & problem in
manufacturing.
 Instability of supplier will increase the cost
Supplier stability for raw material &
14 of vendor creation and relation 2 2 4 Low
the outsourced suppliers.
management .

Interruption in business loss due to

15 Local residance interface at site Interruption in factory man force and 2 4 8 Low
normal working

The market price of many of input goods

Cost of input goods (Imported raw used in manufacture of MEPPL's products
16 3 4 12 Medium
material) flocculates over a time and this could
influence in MEPPL earnings.

17 Employee work environment Good work environment 3 4 12 Medium

MEPPL must have access to a skilled and

motivated employees & safeguard the
18 Knowledge pool of employee availability of competent employees to 3 3 9 Low
achive establish strategic and operational
objective

Not meeting the competancy criteria of

Competance of people working In
19 MEPPL will lead to the perfprmance to the 2 2 4 Low
MEPPL
orgnization.

Non fulfillment of market demand & loss of

20 production plan adhereness 4 4 16 High
business

Attrition in MEPPL employees may lead to

21 Attrition of MEPPL employees an immediate impact on daily routing 3 4 12 Medium
working.

Nigetive feedback received from markets

22 Customer Complaint leads to loss of business and risk to brand 4 5 20 High
image of MEPPL products.

Production line stopage,non fulfilment of

23 Key equipment failure 3 3 9 Low
market requirments

Injuries and health issue to the Loss of production due to man hours lost
24 3 4 12 Medium
employees of the incidents.

25 Loss of infrastructure and hazard to the

Risk on fire employee 3 3 9 Low

26

Frequent power failure,Dip/surge Loss in production 2 4 8 Low

Grading of Probability Greading of Impact

Scale Meaning Scale Meaning
1 Almost Nil 1 NO/Minor impact
2 Low Chance 2 Low impact
3 Medium Chance 3 Medium impact
4 High Chance 4 High Impact
5 Almost Certain 5 Extremely seriou problem
EERING PRODUCTS [Link]. DOC No.:QF/MR/21.
REV No.00,REV
PORTUNITY REGISTER Dt.:01.04.2017

haveer Khot - Director

ntosh Zambare - Design & NPD [Link]. C - Tool Maintenance
man Gawade - QA [Link] Phopalkar- Production & Maintenance
gar Kumbhar- Tool Room

Effectivness Evalution of actio

Controls/Actio for treatment Responsibility Target date
taken (Comment & Remaarks)

Compliance to all the legal & Other

Compliance to all factory act
requirments. Timely compliane will be Director Yearly
requirments
maintained

Controlled Expenses .Maintain surplus

fund Various Director Regular To be monitor during MRM
sector customer.

As a SSI industry, government policies will

impact directly to meppl business butas the Compliance to all factory act
Director Yearly
policies ad made in favor of masses,Negetive requirments
impact is less probebal

We can able to add any additional machine

MEPPL has maintained the good relationship

in the market,the MEPPL is technically Review the business performance
Director Yearly
strong ,and all facilities are under one roof for for sales analyesis
customer.

We have try to reduce internal losses,improve

the process so that cost benefit will be pass Director Yearly Review the internal process
customerif req..
Regular follow up for the payments are done Review the business performance
Director Yearly
by the director delayed if any. for sales analyesis
New customer to be add,Frequent visit to
Review the business performance
customer for the new business running Director Yearly
for sales analyesis
model.

MEPPL has process in place to monitor

customer's feedback/[Link]
Customer satisfaction survey done
satisfaction survey are done regularly and in
Director Yearly once in an year and the CSI
case of any dissatisfaction management will
monitored
take the immediate action on the
dissatisfaction points.

Cost need to be watched. Director Cost are monitored

Cost need to be watched. Director Yearly Cost are monitored

In case of shortage of man power we will No major shortage observed as

Director Quarterly
work in the night shift compared with the orders.

Sales price increase required to sustain gross

profitability [Link] reduce impact of energy
prices,we are reducing power consuption by
Director Monthly Electricity bill monitored
introducing engineering [Link] are also
planing to go for clean energy,fesibility study
in progress.

MEPPL has fixed supplier for the raw material

and for out sourced supplier and also have Director Quarterly Quarterly supplier rating in place
the alternate source for each supplier.
 The same is tracked through supplier rating
monitoring supplier performancee for impact
and [Link] we are sticking to
Director Quarterly Supplier perfomance monitoring
same supplier for reduce risk and on valume
increase plan to have second source for key
RM.

We are making harmonious relations with

Relationship management with
local residance by maintening good Director Quarterly
intrested parties
relationship with them.

The raw material prices will be tracked and

Director NA Price of raw material tracked
discounts will be taken.

MEPPL has will maintained infrastructure and

Director NA Work envoirnment monitoring
work envoirmenment.

We are arranging various sessions for

employee devlopment,skill enhancement Director Yearly Orgnization knowledge matrix
programes, muiltiskilling employees.

MEPPL has defined competancy criteria & the

selection of employees shall be made based Director Monthly Employees turnout monitoring
on the defined criteria.

We have strong planing & inventory

Director Monthly On time delivery
management to fulfill all amarket demand.

We are focusing on engagement

[Link] retaintion ratio is very Director Monthly Employees turnout monitoring
low at MEPPL.

We have customer complaint handiling

process in place and whenevar such
complaints has been received, we will have
Director Quarterly Customer complaint monitoring
deteailed investigation and analyasis &
initiate corrective action in order to prevent
reoccurrences

We have inventory in place fulfill market

[Link] have defined the contingency Director Yearly Breakdown Hrs
plan for all the key equipments.

Accident insurance,safety measures are

taken operational controls are in place in
Director Yearly Zero
avoid any [Link] operator are working
from long time.

Fire extinguisher is maintained, Water is

available,fire fighting trainingsgiven to all
employees. Director Yearly Fire extinguisher refiling ststus

Maintain genset for ulternate power

source,call the MSEB, maintain the stock and Loss time of production due to
planning are done considuring the losses. Director Yearly power cut.

Greading of Impact Risk gradiation

Meaning
NO/Minor impact ˂10 Low
Low impact 10~15 Medium
Medium impact >15 High
High Impact
Extremely seriou problem