VEHICLE TRACKING SYSTEM
A Business Plansubmitted in partial fulfillment of
the requirements for theDegree of Bachelor of Technology
Under Biju Pattnaik University of Technology
By
S LAXMINARAYANA 0701227161SATYASIVA PATRA 0701227171P SWADHIN KUMAR PATRO 0701227264
Under the guidance
Dr. Partha S. Mallick
ABSTRACT
Vehicle tracking system or Vehicle positioning system is a new technology which
provides a new dimension in the field of vehicle security and traffic control and also
ensures greater safety to the automobile customers. In this system a digital code will
be provided to the users and this digital code through the installed tracking system
hardware, will be directly accessed by the satellite to get the details of the vehicle’s
position to the main enquiring office. It is also needed to install a number of radio
base station (known as Access points). These access points will provide fast network
response time. Each of these Access points are provided with a unique code. When a
vehicle code is processed, the vehicle code will be sent to the nearest Access point
that will confirm its location in its surrounding by accessing the signal through the
satellite sent by the vehicle. Also GPS system can also be installed to the premium
users (with some extra cost). Here in this project the brief concept of implementing
this new technology in Indian automobile market has been discussed.
2
Entrepreneurship Project
ACKNOWLEDGEMENT
We express our deep sense of gratitude to, Dr. Partha S. Mallick, Project Advisor,
for his valuable guidance and constant unfailing encouragement for completing this
project.
We are also grateful to our friends for tirelessly and patiently pursuing us to finish this
report without whose help completion of the project report was the next thing to
impossible.
Last, but not the least, We give our sincere thanks to Mr. B. Balaram, for giving us
the opportunity and creating a nice work environment for us to complete our Business
Plan report within the stipulated period of time.
Finally, I would like to thank Mr. Sangram Mudali for providing us proper environment for the completion of the report.
Shyamalendu Bag
Kirti Ranjan Parida
Abhay Kumar Singh
21.03.2007
Entrepreneurship Project
TABLE OF CONTENTS
ABSTRACT...................................................................................................................0
ACKNOWLEDGEMENT.............................................................................................1
TABLE OF CONTENTS...............................................................................................2
1. GENERAL INFORMATION....................................................................................3
2. DETAILS OF THE PROPOSED PROJECT.............................................................6
2.1. Land and Building:.........................................................................................62.2. Machineries / Equipments:.............................................................................62.3. Miscellaneous Fixed Assets:...............................................................................72.4. Preliminary and Pre Operative Expenses :..........................................................72.5 Working Capital :.................................................................................................7
3. MARKET POTENTIAL............................................................................................8
3.1. Present Demand and Supply of the Product Competition:..................................83.2 Target Clients:......................................................................................................83.3 Marketing Strategy:..............................................................................................8
4. MANUFACTURING PROCESS..............................................................................9
4.1 Technical Know How Availability:.....................................................................94.2 Step by Step Description:.....................................................................................9
5. PRODUCTION SCHEDULE..................................................................................10
5.1 Number of Working Days per Annum:........................................................105.2 Number of Working Shifts:..........................................................................10
5.2.1 Sales Revenue:..........................................................................................105.2.2 Utilities:.....................................................................................................105.2.3 Salaries/Wages:.......................................................................................115.2.4 Repairs and Maintance :............................................................................115.2.5 Selling and Distribution Expenses:...........................................................115.2.6 Administrative Expenses:..........................................................................115.2.7.Interest:........................................................................................................125.2.8.Depreciation:...............................................................................................125.2.9Misc. Expenses:............................................................................................125.2.10. Rent:.........................................................................................................125.2.11. Total Cost of the Project:.........................................................................125.2.12. Means of Finance:....................................................................................13
6. PROFIBILTY PROJECTIONS...............................................................................14
Entrepreneurship Project
1. GENERAL INFORMATION
Name of the Entreprenuers :
Shyamalendu Bag,
Kirti Ranjan Parida,
Abhay Kumar Singh.
Proposed Project :
Vehicle tracking system.
Major Product / Services :
Vehicle security and GPS facality.
Proposed Locations :
Orissa/ Jharkhand /West Bengal / Andhra Pradesh
Type of Organization :
Vehicle security provider.
Entrepreneurship Project
ENTREPRENUER PROFILE :
1. Name : Shyamalendu Bag
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, Oracle.
2. Name: Kirti Ranjan Parida
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, Java, Networking.
3. Name : Abhay Kumar Singh
Educational Qualification: Bachelor of Technology
Technical Skills: Communication system engg., Networking.
TYPE OF THE PRODUCT / SERVICES:
1. Type of the Project :
To provide vehicle security to the customers and
enabling GPS facility on Indian road.
2. Product / Services Description :
It is a vehicle security providing organization. Here we provide
a security system to the vehicle owners which will track their
vehicle’s position in case of stolen. Also GPS service can be
provided on extra charge helping them in navigating in an
unknown city or town.
3. Major Consumers :
Private vehicle owners and transport companies.
Entrepreneurship Project
PROMOTERS:
1. Major Promoter of our project will be the major vehicle manufacturing
organizations.
2. Capital from reliable and Supportive Capital Ventures.
3. Mr. A.K. Singh, Designing section, TATA motors, Pune.
Entrepreneurship Project
2. DETAILS OF THE PROPOSED PROJECT
This new technology which provides a new dimension in the field of vehicle security
and traffic control and also ensures greater safety to the automobile customers. It is
facilitated with GPS system as an extra additive facility.
In this project we require an main enquiry office, repeator station and some
networking devices enabling the tracking system.
2.1. Land and Building:
Sr. No. Particular Area Required Total Value(p.a)
Remarks
1. 2.
LandBuilding
NA10000sqFt Rs. 3,60,000 Rental charge
is 30,000 p.m Total: Rs. 3,60,000
2.2. Machineries / Equipments:
Sr. No. Description Nos. Required Rate(Rs.) Total Value(Rs.)
1. Computer 20 30,000 6,00,000
2. Printer 10 6,000 60,000
3. Scanner 5 4,000 20,000
4. Fax 1 5,000 5,000
5. Antenna 10 8,000: 80,000
6. Wire 1000 mts 20/mt 20,000
7. Receivers 10 200 2,000
Total: 7,87,000
2.3. Miscellaneous Fixed Assets:
Entrepreneurship Project
Sr. No. Description Nos. Required Rate(Rs.) Total Value(Rs.)
1. Furniture T(20),C(20) 1,000 40,000
2. Coffee Maker 1 5,000 5,000
3. A.C. 5 20,000 1,00,000
Total: 1,45,000
2.4. Preliminary and Pre Operative Expenses :
Sr. No. Particulars Amount (Rs.) Remarks1.
2.
3.
Interest during implementationEstablishmentExpensesStart-UpExpenses
50,000
50,000
1,60,000
Misc. expenses Total 2,60,000
2.5 Working Capital :
Sr. No. ITEM Rs.1.2.3.4.
Raw-MaterialSalary/LabourRentInterest on loan
----------20,000/labour/month2,40,000/year4,00,000/year
Entrepreneurship Project
3. MARKET POTENTIAL
3.1. Present Demand and Supply of the Product Competition:
Nowadays vehicle theft is a major concern to the vehicle owners and transport
companies. This technology will surely provide a great security and relief on their
investments. For new vehicles it can be installed with the manufacturers and for older
ones there will be an farm outlet will provide them the necessary information and
facility
3.2 Target Clients:
Our main target clients are private vehicle owners, transport companies, vehicle
manufacturers and tourism developers.
3.3 Marketing Strategy:
The Marketing Strategy will be advertising the product in the media and by
company’s representatives by visiting various target clients and by making them
aware of the features, application and the type of technology used in product.
Entrepreneurship Project
4. MANUFACTURING PROCESS
4.1 Technical Know How Availability:
Books related to Radar engineering, signal processing, networking and database
management system.
Different working platforms like Windows, Linux etc .
4.2 Step by Step Description:
1. In this system a digital code will be provided to the users.
2. This digital code through the installed tracking system hardware, will be
directly accessed by the satellite to get the details of the vehicle’s position to
the main enquiring office.
3. It is also needed to install a number of radio base stations (known as Access
points). These access points will provide fast network response time.
4. Each of these Access points are provided with a unique code. When a vehicle
code is processed, the vehicle code will be sent to the nearest Access point that
will confirm its location in its surrounding by accessing the signal through the
satellite sent by the vehicle.
5. Also GPS system can also be installed to the premium users (with some extra
cost.
Entrepreneurship Project
5. PRODUCTION SCHEDULE
5.1 Number of Working Days per Annum:
The Firm will remain open for all weekdays.
5.2 Number of Working Shifts:
Since it is a security providing service and has to be working 24X7, so there will be
three shifts of working hours. Working hours from 7:00am to 3:00 pm, 3:00 pm to
11:00 pm and 11:00 pm to 7:00am.
5.2.1 Sales Revenue:
Year (2007)
Items Quantity sold/year
Rates per unit (Rs)
Sales realization(Rs)
1. Vehicle tracking hardware
500 20,000 1,00,00,000
Total 1,00,00,000
5.2.2 Utilities:
Sr. No. Particulars Annual Expenditure(Rs) Remarks1.2.3.4.
Power/ElectricityWaterCoal/Oil/StreamAny other item
60,00010,000---------50,000
Total 1,60,000
Entrepreneurship Project5.2.3 Salaries/Wages:
Sr.No.
Particulars No. Wages/Salaries per Month(Rs.)
AnnualExpenses(Rs)
1.2.3.4.5.
SkilledSemi SkilledUnskilledOffice StaffAny Other
151053
20,00013,0003,0005,000
36,00,0001,30,00015,0001,80,000
Total 39,25,000
5.2.4 Repairs and Maintenance:
Sr.No.
Particulars Amount(Rs)
1. Hardware maintenance 10,0002. Computer and Electronic goods 20,000
Total 30,000
5.2.5 Selling and Distribution Expenses:
Sr.No
Particulars Amount(Rs) Remarks
1.2.3.
Publicity ExpensesTravelingFreight
Total
1,00,000 50,000 10,000
1,60,000
5.2.6 Administrative Expenses:
Sr.No
Particulars Amount(Rs) Remarks
1.2.3.
Stationery & PrintingPost/Telephone/TelegramsAdvertising Expenses
Total
20,00050,00030,000
1,00,000
Entrepreneurship Project5.2.7.Interest:
Year OutstandingLoan Amount (Rs)
Interest Installment(Rs) Balance(Rs)
1 40,00,000 4,00,000 5,00,000 44,00,000
5.2.8.Depreciation:
Sr.No.
Type of Asset Cost of Asset Expected Life Depreciation
1. Computer 30,000 1 yrs 3,0002. Assets 50,000 1 yrs 10,000
Total 13,000
5.2.9Misc. Expenses:
Sr.No.
Description Cost
1. Furniture 40,0002. Coffee Maker 5,0003. A.C. 1,00,000
Total 1,45,000
5.2.10. Rent:
Sr.No.
Item Rs.
1.2.3.4.
BuildingElectricityWaterPhone
3,60,00060,00010,00050,000
Total 4,80,000
5.2.11. Total Cost of the Project:
Sr. No. Particulars Total Value(Rs.)1.
2.
3.
Fixed Capital(Total of item No.2.1,2.2,2.3)Working Capital margin(Total of item No. 2.5)Preliminary & Pre-operativeExpenses(Total of item No. 2.4)
12,92,000
8,80,000
2,60,000
Total 24,32,000
Entrepreneurship Project
5.2.12. Means of Finance:
Sr. No. Particulars Amount(Rs.)
Remarks
1.2.
Own InvestmentWorking Capital Loan
12,00,00013,00,000
Total: 25,00,000
Entrepreneurship Project
6. PROFIBILTY PROJECTIONS
Sr. No. Particulars Amount (Rs.)A.
B.
i)ii)iii)iv)v)
vi)vii)viii)ix)x)
C.D.E.
Sale Realization
Cost of Manufacturing/ServicingMachinesUtilitiesSalaries/WagesRepairs & MaintenanceSelling & DistributionExpensesAdministrative ExpensesInterestRentDepreciationMisc. Expenses
Total
Gross Profit/Loss(A-B) Income-taxNet Profit/Loss
1,00,00,000
7,87,000 1,60,000 39,25,000 30,000 1,60,000
1,00,000 4,00,000 4,80,000 13,000 1,45,000
62,00,000
38,00,000 12,54,000 25,46,000