Voltage Stabilizer and Ups-(10lakh)

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)




Telecommunication.



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)




Telecommunication.



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)




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

Voltage Stabilizer and Ups-(10lakh)

Documents

combination of entrepreneur

new market

concept of entrepreneurship

definition of entrepreneurship

american enterprise

sprite of entrepreneurship

size of market

new direction