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PROJECT PROFILE
NAME OF THE COMPANY SIIMPEL PVT. LTD.
PRODUCT VOLTAGE STABILIZER, UPS
AND INVERTER
QUALITY STANDARDS AS PER CUSTOMER’S SPECIFICATION
PRODUCTION CAPACITY PER ANNUM
QTY. 2400 NO. OF STABILISER OF DIFFERENT SIZES.
400 NO. OF UPS (.25 KVA TO 5 KVA)600 INVENTER (.5 KVA TO 5 KVA)
MONTH &
YEAR OF PREPARATIONMAY, 2010
PREPARED BY SIIMPEL Pvt. Ltd.Plot no. 23/45
Chandaka Industrial Estate,Bhubaneswar
1
INTRODUCTION TO ENTREPRENUERSHIP
CONCEPT OF ENTREPRENUERSHIP:-
The concept of entrepreneurship has been around a very long time, but its
resurgent popularity implies a.”Sudden discovery”, as if we had stumbled upon a
new direction for the American enterprise. This is a myth, as we shall see, because
American system of free enterprise has always engendered the sprite of
entrepreneurship. More important, our future rests squarely on entrepreneurial
ventures founded by creative individuals who can at once disrupt a society and
instigate progress.
DEFINITION OF ENTREPRENEURSHIP:-
Entrepreneurship is considered to be a combination of “Entrepreneur” and
“Enterprise”. Organizing an enterprise is termed as entrepreneurship. Here
enterprise is defined as a unit of economic activities or an economic organization
especially a business organization. Entrepreneur is considered to be the owner of
such enterprise.
Entrepreneurship can be defined as a “creative activity”, the entrepreneur being an
innovator, who introduces something new into the economy, a new method of
production not yet tested in the branch of manufacturing concern, a product with
which the consumers are not familiar, a new source of material or of new market
hitherto unexploited and of similar innovation.
2
DEFINITION OF AN ENTREPRENEUR:-
An Entrepreneur is a person of very high aptitude who pioneers change, possessing
characteristics found in only very small fraction of the population. On the other
hand, anyone who wants to work for him or herself is considered to be an
entrepreneur.
INFORMATION NEEDED FOR ENTREPRENEURSHIP :-
Business planning- general sources
Competitors products, strategy and market share
Customer needs
Demographics of marketplace
Market research including information on competitors,
suppliers, size of market, market share
Financial data
Marketing examples, comparables, distribution options
Funding sources
Intellectual property research, patents and trademarks
ROLE OF ENTREPRENEUR IN INDUSTRIAL DEVELOPMENT
1. An entrepreneur creates an entrepreneurial culture in the society which
is useful for the creation and development of many entrepreneur and
enterprises.
3
2. Entrepreneur provides goods and services to the people and Other
industries at the most competitive rates
3. Small entrepreneurs effectively utilize various types of raw materials
found scattered throughout the country in small quantities.
4. Entrepreneur prefers to establish their units at their own place own
locality. So there is no congestion of industries at one place which helps
in creating an industrial climate in the whole country.
5. Entrepreneurs usually start small scale industries and provide goods and
services at most competitive rates and hence, restrict the monopolistic
activities of big business houses.
6. Due to entrepreneur the wealth of the nation is widely distributed among
various persons instead of going to few pockets only.
A.5 CHARACTERISTICS OF AN ENTREPRENEUR IN INDIANCONDITIONS:-
1. Need for achievement2. Risk taking attitude3. Need to influence others4. Abilities to sense opportunities5. Positive self concept6. Level of expectation7. Initiative8. Inclination to accept challenges9. Independent thought and action
10. Problem solving attitude 11. Inclination for searching environment 12. Time bound 13. Sense of dissatisfaction 14. Result orientation
4
15. Financial soundness 16. Influence to get through bureaucratic redtapism
5
GENERAL INFORMATION ABOUT THE ENTREPRENEUR
ENTREPRENEUR 1
Name of the Entrepreneur : Biswajit Barik
Residential address : C\O-Jayanta Kumar Barik
Qr No:- D-21/2 Type iii, RLY Colony
Mancheswar Bhubaneswar - 751017
Telephone No : 0674-2748463 (R)
+91-9439723771 (M)
E-Mail id : [email protected]
Date of Birth : 1/09/1989
Educational Qualification : B.Tech in Electronics and
Telecommunication.
Special Training : Summer training on Telecommunication
and Networking at RTTC, BSNL Bhubaneswar.
FAMILY BACKGROUND :
Father's name and occupation: Jayanta Kumar Barik
Govt servant(Railways)
Mother's name and occupation: Prativa Barik
Housewife
6
ENTREPRENEUR 2
Name of the Entrepreneur : Neelam Sandip Nayak
Residential address : LIG-5/19, BDA COLONY, CSPUR
BHUBANESWAR, ODISHA
Telephone No : 0674-2302388 (R)
+91-9437452282 (M)
E-Mail id : [email protected]
Date of Birth : 20/04/1987
Educational Qualification : B.Tech in Electronics and
Telecommunication.
Special Training : Summer training on Telecommunication
and Networking at RTTC, BSNL Bhubaneswar.
FAMILY BACKGROUND :
Father's name and occupation: Nirmal Chandra Nayak
Govt. Service(SI in Police Dept.)
Mother's name and occupation: Urmilabala Nayak
House wife
7
ENTREPRENEUR 3
Name of the Entrepreneur : Rashmikanta Dash
Residential address : C/O-Trilochan Pati ,Niladrivihar
Nuabazar, Cuttack-753004
Telephone No : 0671-2440878 (R)
+91-9853337628 (M)
E-Mail id : [email protected]
Date of Birth : 18/11/1987
Educational Qualification : B.Tech in Electronics and
Telecommunication.
Special Training : Summer training on Telecommunication
and Networking at RTTC, BSNL Bhubaneswar.
FAMILY BACKGROUND :
Father's name and occupation: Rama Kanta Dash, Senior Teacher at Urali
High School, Cuttack.
Mother's name and occupation: Asha Lata Dash, Home Maker.
8
ENTREPRENEUR 4
Name of the Entrepreneur : Sagar Ku. Sahoo
Residential address : Q.NO-13/7,L.I.C
COLONY, KANSBAHAL – 770034
Telephone No : 06624-280707 (R)
+91-9861204983 (M)
E-Mail id : [email protected]
Date of Birth : 22/08/1987
Educational Qualification : B.Tech in Electronics and
Telecommunication.
Special Training : Summer training on Programmable logic
controller at Larsen &Tubro Ltd, KANSBAHAL.
FAMILY BACKGROUND :
Father's name and occupation: Rabindra kumar sahoo,an employee in
L&T,Heavy Works ,Kansbahal
Mother's name and occupation: Sabitri sahoo,Government teacher.
9
VOLTAGE STABILISER (.25 KVA TO 5 KVA), UPS AND INVERTOR
INTRODUCTION:
Product & its uses:
To-day Electrical Appliances are used widely using electrical energy which is
highly fluctuating due to various factors. In order to provide constancy and
adequate reliability of power supply, various electrical equipments are used in
supply line. They are Voltage Stabilizer, UPS and Inverter.
Voltage Stabilizer:
The Voltage Stabilizers are used to maintain a constant AC Voltage from the
fluctuating supply mains. This provides an out put voltage within a specified limit
for supplying to load irrespective of wide fluctuations in the input voltage,
independent of load factor and without introducing harmonic distortions. The
Voltage Stabilizer adjusts automatically the voltage variations whether high or low
to the required voltage level necessary for the safe operation of costly equipment
like Refrigerators, Air conditioners, TV & VCRs, Washing Machine and other
valuable scientific and medical equipments, etc.
10
Model of series voltage stabilizer
UPS:
UPS on abbreviation of uninterrupted power supply system continuously monitors
the main voltage and provides regulated voltage free from spikes and secures at the
output. This is used instantly as safety measure in emergency or mains failure, load
shading or during the irregularities of electric supply. On mains failure, the
Inverter instantly switches on and the UPS provides regulated RMS voltage from
the battery. During the irregularities, it provides a reliable constant source of
supply for a limited time and acts as Voltage stabilizers. A regulated charger keeps
11
the batteries charged when the mains voltage is available. The back up time can
vary from 15 minutes to the extent of 2 hours, depending upon the capacity of the
charger. The commonly used battery charged is for the period of 20 minutes to 30
minutes. There can be a provision of appropriate indications on the front panel.
UPS are widely used in Computer and Instrumentation system.
Two of our UPS models
12
Inverter:
This is a device which coverts DC power into an alternating source. This
conversion may be accomplished by electro mechanical means like motor-
generator sets or entirely by electronic means. Inverters in which power conversion
is accomplished by thyristas (SCRs) are called static Invertors. A static inverter
uses transistors or thyristors as switched.
Invertors are used where emergency stand by power is required and / or there is no
AC power is available. Such applications are fluorescent tube lighting during
power failure, in vehicles, in hospitals, airports etc. These also find wide uses as
stand by power supply for computers, instrumentation and tele-communication
equipment etc.
Inverter
13
MARKET POTENTIAL:
Wide fluctuation in the power system in distribution line has necessitated the use
of voltage stabilizers to protect the costly and valuable electrical equipment.
Similarly, the advancement in the field of electronics coupled with I.T. revolution
has brought a prosperous feature for the growth of computers. Once the luxury
today the computers have become necessity and in orders to maintain the
constancy of Computer operation, UPS and Invertors are used widely as standby
power supply, automatically, without any interruption in the power system.
The voltage stabilizers UPS and Invertors up to 500 KVA have been reserved for
the manufacture in small scale sector and there being a tremendous growth of
industry and uses of modern instruments. The demand of these produce is
immense.
3. Basis and Presumptions:
i) The basis for calculation of production capacity has been taken on single
shift basis on 75% efficiency.
ii) The maximum capacity utilization on single shift basis for 300 days a
year. During first year and second year of operations the capacity
utilization is 60% and 80% respectively. The unit is expected to achieve
full capacity utilization from the third year onward.
14
iii) The salaries and wages, cost of raw materials, utilities, rents, etc. are
based on the prevailing rates in and around Cuttack, Bhubaneswar.
These cost factors are likely to vary with time and location.
iv) Interest on term loan and working capital loan has been taken at the rate
of 12% on an average. This rate may vary depending upon the policy of
the financial institutions/ agencies from time to time.
v) The cost of machinery and equipments refer to a particular make/ model
and prices are approximate.
vi) The break-even point percentage indicated is of full capacity utilization.
vii) The project preparation cost, etc. whenever required could be considered
under pre-operative expenses.
viii) The essential production machinery and test equipment required for the
project have been indicated. The unit may also utilize common test
facilities available at Electronics Test & Development Centers (ETDCs)
and Electronic Regional Test Laboratories (ERTLs) and Regional Testing
Centers (RTCs).
ix) The land is on lease basis.
15
INTRODUCTION OF THE FIRM
NAME OF THE FIRM : SIIMPEL PVT. LTD.
LOCATION OF THE FIRM : PLOT NO. : 23/45,CHANDAKA INDUSTRIAL ESTATE, CHANDAKA,BHUBANESWAR,ORISSA-751024
CONTACT NO. : 0674-24563450674-2456346
NATURE OF THE ORGANISATION : PARTNERSHIP
(It’s a Pvt. Ltd. Under the partner ship of 4 persons having equal share each.)
TYPE OF THE PROJECT : PRODUCT
It will also provide services for the sold products of the organization. Which would be done at our service centers located at BBSR and Cuttack.
16
Production Schedule:
The major activities in the implementation of the project have been listed and
the average time for implementation of the project is estimated at 12 months.
Sl. Subject Period (in
months)
1 Preparation of project report 1
2 Registration and other formalities 1
3 Sanction of loan by financial institutions 3
4 Plant & Machinery
a) Placement of orders
b) Procurement
c) Power connection/Electrification
d) Installation/Erection of machinery/ Test
Equipment
1
2
2
2
5 Procurement of raw materials 2
6 Recruitment of Technical Personnel, etc. 2
7. Trial production 11
8. Commercial production 12
Note:
1. Many of the above activities shall be initiated concurrently.
2. Procurement of raw materials commences from the 8th month onwards.
3. When imported plant and machinery are required, the implementation period
of project may vary from 12 months to 15 months.
17
TECHNICAL ASPECTS:
1) Process of Manufacture:
The manufacturing activities of stabilizer, UPS and Invertors are more or
less in two stages (i) Fabrication of Cabinet, Control Panel etc. as per design
and winding of transformers and assembling of PCB’s as per the
requirement. The Battery charger for UPS and Inverters can be purchased as
raw material from the market. The size and design are of different ranges i.e.
0. 25 KVA to 5 KVA.
Special transformers needed for such products are wind in the factory itself.
The critical components which go to make up the product are tested to
ensure that they meet the required specifications. (ii)The components are
fixed and soldered on printed circuit board according to the design. Controls
and sockets are assembled individually. Cabinet panel and chassis fabricated
in the factory and fitted together and the controls and sockets are mounted.
The PCB is fitted on the chassis and all the inter connections are made. The
manufactured items are tested as per desired performance specifications for
good quality and reliability before packing and dispatching to concerned
parties.
Quality standards:
Apart from meeting the specification requirement in the Indian standard for
these product, the customers specification and requirement is also very
essential which may vary as per the requirement. Simple technical data for
each type of product is given below;
18
1. Stabilize
r
Input Voltage Variation
output Voltage power rating
140 V AC to 260 V AC
230 V AC + 10 V AC
100 VA/500 VA
2. UPS Input Voltage
Inverter output Voltage
Input Frequency
Inverter output frequency
Battery charging current
Battery voltage
Back up time
140V AC to 270 V AC
220/230 + 2% V AC
50 Hz + 1%
50 Hz + 1%
5A
12V to 72 V from 5 KVA
to 2 KVA
20 minutes to 30 minutes
extendable to 2 hours
3. Inverters: Input voltage
Input Current
Output power and
Regulation
Frequency Regulation
Nominal efficiency
12/24 Volt DC
211 AMP DC
20 Watts + 2%
50Hz + 1%
70%
19
3. Production Capacity per annum:
Voltage Stabilizer UPS Inverter
QUANITY IN NO. 2400 400 600
VALUE IN RS. 14 lakhs 16 lakhs 30 lakhs
Total Rs. 60 lakhs.
4. Approximate Motive Power Requirement: 10 KVA
5. Pollution Control:
The Govt. accords utmost importance to control environmental pollution.
The small-scale entrepreneurs should have an environmental friendly
attitude and adopt pollution control measures by process modification and
technology substitution.
India having accorded to the Montreal Protocol in Sept. 1992, the production
and use of Ozone Depleting Substances (ODS) like Chlorofloro Carbon
(CFCs), Carbon Tetrachloride, Halos and methyl Chloroform, etc. need to be
phased out immediately with alternative chemicals/ solvents. A notification
for detailed Rules to regulate ODS phase out under the Environment
Protection Act, 1986 have been put in place with effect from 19th July, 2000.
6. Energy Conservation:
With the growing energy needs and shortage coupled with rising energy
cost, a greater thrust in energy efficiency in industrial sector has been given
by the Government of India since 1980s. The Energy Conservation Act
20
2001 has been enacted on 18th August, 2001, which provides for efficient use
of energy, its conservation & capacity building of Bureau of Energy
Efficiency created under the Act.
The following steps may help for conservation of electrical energy:
i) Adoption of energy conserving technologies, production aids and
testing facilities.
ii) Efficient management of process/ manufacturing machineries and
systems, QC and testing equipments for yielding maximum Energy
Conservation.
iii) Optimum use of electrical energy for heating during soldering process
can be obtained by using efficient temperature controlled soldering
and de-soldering stations.
iv) Periodical maintenance of motors compressors, etc.
v) Use of power factor correction capacitors. Proper selection and layout
of lighting system, timely switching on-off of the lights, use of
compact fluorescent lamps wherever possible, etc.
21
FINANCIAL ASPECTS:
Land and Building:
Land own
Built up area – 1000 sq.ft. @ Rs.250 per sq.ft.
Office, Stores- 400 sq.ft.
Assembly and testing- 800 sq.ft. on lease basis
Rent payable/month/annum Total= Rs. 1,90,000
Machinery and equipment:
Sl. Description Ind/Imp. Qty. Value(Rs.)
1 Guillotine Shearing machine-1200 mm Ind. 2 90,000
2 Sheet Bending Machine -do- 1 30,000
3 Hand lever shearing machine -do- 1 5,000
4 Portable Drilling machine -do- 2 10,000
5 Bench Drilling Machine ½” dia -do- 1 6,000
6 Gun drilling machine -do- 2 8,000
7 Coil winding machine with accessories
(Automatic)
-do- 2 1,20,000
8 Arc welding Transformers with -do- 2 40,000
22
Accessories
9 Gas welding set -do- 2 10,000
10 Air compressor with spray gun -do- 2 24,000
11 Vice bond) -do- 2 6,000
12 Hand tools and Measuring instruments
like oscilloscope, DC
-do- LS 50,000
13 Other Fixed Cost
a) Electrification @ 10%
b) Office equipment
c) Mould Dies, Tools, etc.
40,000
40,000
10,000
14 Pre operative expenses 10,000
16 Total Fixed Cost 5,00,000
ii) Working Capital per month
i) Staff & Labor:
Sl. Designation No. of
persons
Salary/month
(Rs.)
Total salary
per
month(Rs.)
1 Manager/Engineer 1 5,000 5,000
2 Supervisor 1 3,500 3,500
3 Skilled worker 3 2,500 7,500
4 Unskilled worker 6 2,000 12,000
5 Welder 1 2,200 2,200
23
6 Store keeper 1 2,200 2,200
7 Peon/ watchman 2 1,800 3,600
8 Marketing Executive 1 3,500 3,500
Total 39,500
+ perquisites @ 15% of salary 5,925
Total Rs.45, 425
ii) Raw material requirement/month for 200 nos. stabilizers, 50 nos. UPS
and 50 Invertors.
Sl. Description Ind. /
Imp.
Qty. Rate Total
(Rs.)
1 M S Sheet Ind. 3.5 MT @ 20,000/MT 70,000
2 M.S. Angles Flats Ind. 1.5 MT @ 18,000/MT 27,000
3 Turn (Al. and Cu ) for
transformer
-do- 10 kg. @ 150/kg 15,000
4 Transformer Material -do- 300 @ 100 30,000
5 P C B -do- 300 @30 9,000
6 Dry SMF Batteries -do- 200 @ 345 69,000
7 Transistor -do- LS 18,000
8 Diodes -do- LS 6,000
9 Resistor, Capacitors -do- LS 10,000
10 H V Condensers -do- LS 3,000
11 Presets -do- LS 10,000
24
12 Heat Sink -do- LS 4,000
13 Inductors -do- LS 5,000
14 Potting Compound -do- LS 3,000
15 Ferric Cure -do- LS 6,000
16 Indicators, Fuse, Other
accessories
-do- LS 5,000
17 Nut Bolls & other hardware -do- LS 3,000
18 Consumable wires -do- LS 6,000
Total 3,00,000
(iii) Utilities per month:
1. Power 1500 units @ 4.20 per unit Rs.6, 300/-
2. Water charges Rs. 200/-
Rs.6, 500/-
(iv) Other contingent expenses (per month):
25
Sl. Description Total (Rs.)
1 Postage and stationery 2,000
2 Transportation & consumables 10,000
3 Telephone 3,000
4 Consumable stores 5,000
5 Repair and maintenance 5,000
6 Insurance 5,000
7 Miscellaneous & contingencies 5,000
Total 35,000
Total Recurring Expenditure per month
= (i) + (ii) + (iii) + (iv) = Rs.45, 425+300, 000+6,500+35,000 =Rs.3, 86,925/-
Or Say = Rs. 3, 87,000/-
Total Capital Investment:
Fixed Capital = Rs. 6, 90,000
Working capital = Rs. 3, 87,000
Rs.10, 77,000
DESCRIPTION OF THE LOCATION: -
26
The firm has acquired Plot no: 23/45, Chandaka Industrail Estate,Chandaka,Near
East Coast Indian Railways workshop Bhubaneswar, District: - Khurda, Orissa.
All infrastructural facilities are available. The firm has acquired the premises
measuring 2200 sq.ft out of Bhubaneswar estate, Khurda district as per the
purchase deed. The cost of each sq. ft is Rs.250.00 for lease purpose. It costed
Rs.190000 to company to take the lease. On the premise the firm has proposed to
incur the land development expenses based on the estimates prepared by the
architect.
The company also has rented two stores , one at BBSR and the other at Cuttack
with Rs. 2000 per month for its service centers to work on.
Our firm has also obtained the NOC(No objection certificate) dated 28-April-2010
from the State Indusrial Board.
SITE DEVELOPMENT:
On the above mentioned premises,we have planned to incur following land
development expences, based on the estimates prepared by architect Mr. Devendra
Modi.
Compound Wall
(200 RTM @ 200 per meter) Rs. 40000
Entrance gate Rs. 10000
(With semicircular plate having
company name in it) ________
Total Rs. 50000
27
Break Even Point:
Fixed Cost per annum:
Depreciation on Building 9500
Depreciation on machinery and equipment @ 10@ 40,000
Depreciation on tools, jigs and fixtures @ 25% 3,750
Interest on total capital investment @ 12% 1,29,240
Insurance 60,000
40% Salaries & wages 2,18,040
40% other contingent utilities
(excluding rent & insurance)
1,44,000
total Fixed cost 6,04,530
Break-even Point:
Fixed cost x 100 = 6, 04,530 x 100 = 51.66%
Fixed cost + Profit = 6, 04,530+565510 = Rs.11,70,040
28
FINANCIAL ANALYSIS ( PROFIT ):
(i) Cost of Production:
Sl. Description Total Rs.
1 Total recurring cost per year 46,44,000
2 Depreciation on machinery and equipment
@ 10%
40,000
3 Depreciation on office equipment and
furniture @ 20%
8,000
4 Depreciation on Tools & Jigs @ 10% 3,750
5 Depreciation on building @ 5% 9500
6 Interest on total investment @ 12% 129240
Total 48, 34,490
(ii) Turnover per year:
Sl. Description Rate(Rs.) Qty.(no) Total Value (Rs.)
1 Voltage stabilizer ( .5 KVA – 5
KVA)
On an
average
@ 500
2400 12,00,000
2 UPS .25 KVA – 5 KVA 3,000 400 12,00,000
3 Inverter 5,000 600 30,00,000
Total = 54,00,000
29
Profit per annum (before taxes):
Turn over per annum – Cost of production per annum
=Rs.5, 65,510
Net Profit ratio: = Profit/annum x 100 = 9, 39,000 x 100 =10.47%
(Sales/annum) 60, 00,000
Rate of Return: =Profit/annum x100 = 52.5% investment
30
SUPPLEMENTARY DETAILS: -
a. Do you own a property??? NO
b. Do you have any insurance policy???
YES, WE HAVE ACCIDENTAL INSURANCE POLICY UNDER NATIONAL INSURANCE OF RS. 4,00,000.
c. Do you have any interest in any other firm??? NO
d. Do you belong to SC/ST/OBC/General??? GENERAL
Addresses of Machinery and Equipment:
Machinery for Fabrication:
1) M/s. HMT Ltd., 31, Chowranghee, Kolkata.
2) M/s. Manaklal & Sons, 23 Ganesh Chandra Avenue, Kolkata-700013.
3) M/s. BB Engineering Works, 166/22 B.T. Road, Ashok garh (E), Kolkata-
700035, FAX-91033-5773680.
4) M/s. Nandy & Co., 125, Belidious Road, Howrah-1, Tel-6650061.
5) M/s. Perfect Machine Tools Co. (Pvt) Ltd., 17, Kharvela Nagar,
Bhubaneswar.
6) M/s. Mohan Enterprises, Mangalabag, Cuttack-753001.
7) M/s. Patel & Co., Nuapatna, Cuttack-753001.
31
Test equipment:
1) M/s. Automatic Electric Ltd., Rectifier House, 570, Nigaum Cross Road,
Wadala, Mumbai-400071(Tel-91-22-41467330,
Website-www.aelindfa.corp.
2) M/s. Voltage Kiddepara Industrial Estate, Kshus Bridge-5, Hide Road,
Kolkata.
Raw material Suppliers:
1) Steel Authority of India Ltd. (Marketing Divn.), Bhubaneswar.
2) M/s. Power ware (India) (P), Mancheswar IE, Bhubaneswar.
3) M/s. Alta Electricals (P) Ltd., IE, Cuttack.
4) M/s. Electronics Sales Corporation, Bhagirath Place, Delhi.
5) M/s. Utkal Electronics, 270-A, Saheed Nagar, Bhubaneswar.
6) M/s. Indian Electronics Corporation, 106 & 111, Chandakar
Integrated Complex, Rasulgarh.
7) M/s. Puse Gear Industries, PH Road, Chennai-49.
8) M/s. Mutual Insulated Cables and Condustroes, LTD., A-25 & 26,
Phase-III, New Industrial Estate, Jagatpur, Cuttack-21.
9) M/s. Larsen & Toubro Ltd., Kolkata, Tel-033-2822301.
10) Local market.
32
REFERENCES:
1. Trilochana Pati,
Designation - Manager – Andhra Bank (Link Road Branch),
Address -- At- Niladrivihar, PO- Nuabazar,
Dist – Cuttack,Pin- 753004
Phone number – 0671-2444861(R)
+91-9853614567(M)
2. Nirmal Chandra Nayak
Designation - Sub-Inspector of police, Chandrasekhar Pur
Address - LIG-5/19, BDA COLONY, CSPUR
BHUBANESWAR, ODISHA
Phone number – 0674-2302388(R)
+91-9437452282(M)
33
CONCLUSION
This project report evaluates the firm on the basis of high profitability, technical
soundness and sustained growth potential. The data collected from the firm was
studied carefully and it is finally concluded that the company is a great success and
profit.
IMPORTANT THINGS TO BE CONSIDERED:
1. Capital- Planning is very important. The risks are high when going for this kind of business so
you should only allot the right amount of money needed. Be sure you won’t be touching any of
your family savings. Also, spare some money for your future expenses, just to be safe.
2. Study your niche/market- See to it that there is a great demand for an electrical gadgets in your
area. Obviously, the urbanized areas are the ones you would target, or as long as the place is
busy with people and they will have a need for the services you’re offering.
3. Hardware and other utilities– Consider first what services you’re going to offer.
4. Pricing and Promotions- Know how much you’ll charge for your services. Studying the
market will play a great role here. If the price is right then people will avail of your services.
Some owners often use pricing as a tool to have an edge over other competitors
34