report on b plan

8/13/2019 Report on B Plan

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Ace Ltd

106-C AERODROME CIRCLE, KOTA (www.aceltd.com)

BUSINESS PLAN

ACE LTD


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Company Name: ACE Limited

Executive Summary

In Kota, there are Lakhs of students that turn up every year for preparing forcompetitive examinations as well as admission in newly opened college and universitieslike Career Point University and IIIT, Kota.

The problems these people face in the new city is of stay, accommodation, as well as

admission in institutes and colleges as they are new to the city and have no idea of theaccommodations available there, as well as the know about of the institutes and schoolsthey want their child to take admission in and along with that the necessarydocumentation work required by them for admission in the same.

Along with that, with stringent rules of CBSE in action against admission of people inschools (especially in Kota), we will we providing consultancy and support for the

students who haven't completed their 10+2 for admission in these schools (RBSE board)and colleges.

We will also be providing the utilitarian model to the students based upon their demandon the basis of commission for the procurement and delivery at a reasonable cost.

Our company ACE, will deal in providing these required services as we are based out ofthe same town and have a better edge in the understanding of the market and thecompetitive landscape.

We have a website portal for people to register on the website for availing the serviceswhere they can register and opt for the services which will have a wide array of options

and particulars to fill in.

Only after the successful results in the test markets, we hope to serve other educationsectors like Indore, Pune, etc.

Business Strategy

Our business strategy will begin from the moment the parents and their child arrive inKota, where we will be responsible for picking them up from the arrival destination, andtaking them to a accommodation of their choice which was to pre-filled in the fields

required at the time of online registration.

This cab service will be free of cost as it is covered under the fees structure paid duringregistration. However, all the accommodation and commutation charges thereafter willhave to be bear by the client themselves and we will not be responsible for the paymenttowards the same, however we will be providing them assistance towards it.

After that, one of our company people will help them in their admissions process

according to their needs, in terms of documentation, admission consulting andnegotiation process, for the college and institute or a school of their choice afterproviding them detailed information about the same.


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Start-up Summary

The company will start with the 6 of the members serving as partners and will

be funded by their own bootstrap capital of Rs 3,00,000/-. Here is the detailingof the start-up requirements and funding structure:

Startup Requirements

Startup Expenses

Legal 50000

Stationary 25000

Rent 10000

Equipment 250000

Website Development 30000Labour 100000

Other 20000

Total 485000

Startup Assets

Cash Required 1000000

Other Current Assets 100000

Total Assets 1100000

Total Requirements 1585000

STARTUP FUNDING

Startup Expenses to Fund 485000

Startup Assets to Fund 1100000

Total Funding Required 1585000

Total Planned Investement

Investor 1 300000Investor 2 300000

Investor 3 300000

Investor 4 300000

Investor 5 300000

Investor 6 300000

Total Funding Available 1800000


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Services

Accommodation: This will involve arranging the accommodation of the client in a

hotel as per their specified requirements, and then also helping them arrange a

place for their child to stay for the future period of his education in Kota.

This will involve taking the clients to visits of various hostels and

accommodations available in Kota and then helping them negotiate, finalize and

setting up the same.

Along with that, if the client has some utilitarian needs, we will assist in

providing them the same on the basis of commission.

Consultancy: This will involve consulting the client for the admission of their

child in the institute and colleges across Kota and also assisting them in the

documentation and formalities involved in the same.Education: This will involve getting the students their admission in schools and

colleges across Kota in a hassle free way, because of the stringent norms of the

CBSE in place especially in Kota.

MARKET SIZE:

Total No. of aspirants coming every year is around 1.5 lacs.

Initially we are targeting only 1% out of 1.5 lacs

If we target around 1,500 students a year which we think is the maximum can be achieved

within a year as a start-up. Targeting the students with a fees of 10,000rs each student the total we are looking at 1, 50,

00,000 Rs in a year.


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Competition

Our organization would be facing competition mainly from the unorganized sector that is

already existing so as to cater to the needs of the students coming from all over the

country. The competition can further be divided into two parts -

Brokers

Middleman

We shall not only be providing better services but also shall be cost effective. The

brokers and middleman also charge very exorbitant prices.

Other than this the students themselves have to take care of their day to day

requirements going from shop to shop so as to fulfil their requirements.

Also the consultancy that we shall be providing is not existing as not coaching centre or

college connects to the parents of the students updating them about the status of their

children.

Legal

Steps involved in registering a company:

Step 1: Application For DIN

The concept of a Director Identification Number (DIN) has been introduced for the first

time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006.

As such, all the existing and intending Directors have to obtain DIN within the prescribed

time-frame as notified.

You need to file eForm DIN-1 in order to obtain DIN. To get more information about the

same clickDirector Identification Number
http://www.mca.gov.in/MCA21/Din.htmlhttp://www.mca.gov.in/MCA21/Din.html


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Step 2 : Acquire/ Register DSC

The Information Technology Act, 2000 provides for use of Digital Signatures on the

documents submitted in electronic form in order to ensure the security and authenticity

of the documents filed electronically. This is the only secure and authentic way that a

document can be submitted electronically. As such, all filings done by the companies

under MCA21 e-Governance programme are required to be filed with the use of Digital

Signatures by the person authorised to sign the documents.

Acquire DSC -A licensed Certifying Authority (CA) issues the digital signature. Certifying

Authority (CA) means a person who has been granted a license to issue a digital

signature certificate under Section 24 of the Indian IT-Act 2000.

Register DSC -Role check for Indian companies is to be implemented in the MCA

application. Role check can be performed only after the signatories have registered their

Digital signature certificates (DSC) with MCA. To know about it clickRegister a DSC

Step 3 : New User Registration

To file an eForm or to avail any paid service on MCA portal, you are first required to

register yourself as a user in the relevant user category, such as registered and business

user. To register now clickNew User Registration

Step 4 : Incorporate a Company

Apply for the name of the company to be registered by filingForm1A for the same. After

that depending upon the proposed company type file required incorporation forms listed

below.

Form 1 : Application or declaration for incorporation of a company

Form 18 : Notice of situation or change of situation of registered office

Form 32 : Particulars of appointment of managing director, directors, manager

and secretary and the changes among them or consent of candidate to act as a
http://www.mca.gov.in/MCA21/Rolecheck.htmlhttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1030-Form1A.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1022-Form1.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1023-Form18.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1026-Form32.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1026-Form32.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1023-Form18.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1022-Form1.ziphttp://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/1030-Form1A.ziphttp://www.mca.gov.in/MCA21/Rolecheck.html


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managing director or director or manager or secretary of a company and/ or

undertaking to take and pay for qualification shares

Once the form has been approved by the concerned official of the Ministry, you will

receive an email regarding the same and the status of the form will get changed to

Approved. To know more about eFiling process click "All About eFiling"

COST OF REGISTERING A NEW PVT LTD COMPANY:

Fee for getting a Pvt ltd. company registered with Registrar of Companies is approx. Rs. 3000/-. As

per latest provisions of Companies Act the paid up capital of the Pvt Ltd. company must be Rs. 1 lakh.

As per provisions of Companies Act, 1956, minimum two persons must become members of Pvt ltd.

Company, but u are free to have more members for formation of Pvt ltd. Company depending ur

financial ability to collect Rs. 1 lakh. On close of 1st financial year your Balance Sheet must show paid

up capital of Rs.1 lakh. Besides the above expenditure, u have to pay fee to ROC for Authorised

Capital as per Sch. X of the Companies Act, 1956, and cost of printing and stamping of Memorandum

& Articles of Association say Rs. 2000/- approx. Thus u need to have cash Rs. 5000/- for formation of

Company + fee for authorised capital + Rs. 1 lakh as paid up capital. However u need not block Rs. 1

lakh in bank A/c ur Balance Sheet can show its utilization by way of Fixed Assets or advance for the

project finalization and hence its utilization.


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Financial Plan:-

P & L Account:-


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Cash Flow Statement:-

Balance Sheet:-


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Team Member:-

Rahul Kumar- Operation

Piyush Kamal- Planning

Sukant Goel- Marketing

Adarsh Agarwal-Consultation

Varun Mahajan- Consultation

Ankur Behl- Accounts

report on b plan

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