You are on page 1of 16

VEHICLE TRACKING SYSTEM

A Business Plan
submitted in partial fulfillment of
the requirements for the
Degree of Bachelor of Technology
Under Biju Pattnaik University of Technology

By
S LAXMINARAYANA
SATYASIVA PATRA
P SWADHIN KUMAR PATRO

0701227161
0701227171
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 vehicles
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.

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.......................................................................................................................2
ACKNOWLEDGEMENT..................................................................................................3
TABLE OF CONTENTS...................................................................................................4
1. GENERAL INFORMATION........................................................................................4
2. DETAILS OF THE PROPOSED PROJECT.................................................................7
Land and Building:.........................................................................................................8
Machineries / Equipments:.............................................................................................8
2.3. Miscellaneous Fixed Assets:...................................................................................8
2.4. Preliminary and Pre Operative Expenses :..............................................................9
2.5 Working Capital :.....................................................................................................9
3. MARKET POTENTIAL................................................................................................9
3.1. Present Demand and Supply of the Product Competition:...................................10
3.2 Target Clients:........................................................................................................10
3.3 Marketing Strategy:................................................................................................10
4. MANUFACTURING PROCESS................................................................................10
4.1 Technical Know How Availability:.......................................................................11
4.2 Step by Step Description:.......................................................................................11
5. PRODUCTION SCHEDULE......................................................................................12
Number of Working Days per Annum:........................................................................12
Number of Working Shifts:..........................................................................................12
5.2.1 Sales Revenue:..............................................................................................12
5.2.2 Utilities:.........................................................................................................12
5.2.3 Salaries/Wages: ..........................................................................................13
5.2.4 Repairs and Maintenance:.............................................................................13
5.2.5 Selling and Distribution Expenses:...............................................................13
5.2.6 Administrative Expenses:.............................................................................13
5.2.7.Interest:............................................................................................................14
5.2.8.Depreciation:...................................................................................................14
5.2.9Misc. Expenses:................................................................................................14
5.2.10. Rent:.............................................................................................................14
5.2.11. Total Cost of the Project:.............................................................................14
5.2.12. Means of Finance:........................................................................................15
6. PROFIBILTY PROJECTIONS .................................................................................16

1. GENERAL INFORMATION
Name of the Entreprenuers :
Shyamalendu Bag,
Kirti Ranjan Parida,
Abhay Kumar Singh.

Entrepreneurship Project

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.

ENTREPRENUER PROFILE :
1.

Name : Shyamalendu Bag


Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, Oracle.

Entrepreneurship Project
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
vehicles 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.

PROMOTERS:
1. Major Promoter of our project will be the major vehicle manufacturing
organizations.

Entrepreneurship Project
2. Capital from reliable and Supportive Capital Ventures.
3. Mr. A.K. Singh, Designing section, TATA motors, Pune.

2. DETAILS OF THE PROPOSED PROJECT

Entrepreneurship 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.

Land and Building:


Sr. No.
1.
2.

Particular

Area Required

Land
Building

NA
10000sqFt
Total:

Total
Value(p.a)

Remarks

Rs. 3,60,000

Rental charge is
30,000 p.m

Rs. 3,60,000

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

4,000

20,000

4.

Fax

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:


Sr. No.

Description

Nos. Required

Rate(Rs.)

Total Value(Rs.)

1.

Furniture

T(20),C(20)

1,000

40,000

Entrepreneurship Project
2.
Coffee Maker
3.

A.C.

5,000

5,000

20,000

1,00,000

Total:

1,45,000

2.4. Preliminary and Pre Operative Expenses :


Sr. No.
1.
2.
3.

Particulars
Interest
during
implementation
Establishment
Expenses
Start-Up
Expenses
Misc. expenses
Total

Amount (Rs.)
50,000

Remarks

50,000
1,60,000
2,60,000

2.5 Working Capital :


Sr. No.
1.
2.
3.
4.

ITEM
Raw-Material
Salary/Labour
Rent
Interest on loan

3. MARKET POTENTIAL

Rs.
---------20,000/labour/month
2,40,000/year
4,00,000/year

Entrepreneurship Project

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 companys
representatives by visiting various target clients and by making them aware of the
features, application and the type of technology used in product.

4. MANUFACTURING PROCESS

Entrepreneurship Project

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 vehicles 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
Number of Working Days per Annum:
The Firm will remain open for all weekdays.

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 Items
(2007)
1.

Vehicle
hardware

Quantity
sold/year
tracking 500

Rates per unit Sales


(Rs)
realization(Rs)
20,000

Total

1,00,00,000
1,00,00,000

5.2.2 Utilities:
Sr. No.
1.
2.
3.
4.

Particulars
Power/Electricity
Water
Coal/Oil/Stream
Any other item

Annual Expenditure(Rs)
60,000
10,000
--------50,000

Total

1,60,000

Remarks

Entrepreneurship Project
5.2.3
Sr.
No.
1.
2.
3.
4.
5.

Salaries/Wages:
Particulars

No.

Skilled
Semi Skilled
Unskilled
Office Staff
Any Other

15
10
5
3

Wages/Salaries
Month(Rs.)
20,000
13,000
3,000
5,000

Total

per Annual
Expenses(Rs)
36,00,000
1,30,000
15,000
1,80,000

39,25,000

5.2.4 Repairs and Maintenance:


Sr.
No.
1.
2.

Particulars

Amount(Rs)

Hardware maintenance
Computer and Electronic goods
Total

10,000
20,000
30,000

5.2.5 Selling and Distribution Expenses:


Sr.
No
1.
2.
3.

Particulars

Amount(Rs)

Publicity Expenses
Traveling
Freight

1,00,000
50,000
10,000

Total

1,60,000

Remarks

5.2.6 Administrative Expenses:


Sr.
No
1.
2.
3.

Particulars

Amount(Rs)

Stationery & Printing


Post/Telephone/Telegrams
Advertising Expenses

20,000
50,000
30,000

Total

1,00,000

Remarks

Entrepreneurship Project
5.2.7.Interest:
Year

Outstanding
Interest
Loan Amount
(Rs)
40,00,000
4,00,000

Installment(Rs)

Balance(Rs)

5,00,000

44,00,000

5.2.8.Depreciation:
Sr.
No.
1.
2.

Type of Asset

Cost of Asset

Expected Life

Depreciation

Computer
Assets
Total

30,000
50,000

1 yrs
1 yrs

3,000
10,000
13,000

5.2.9Misc. Expenses:
Sr.
No.
1.
2.
3.

Description

Cost

Furniture
Coffee Maker
A.C.
Total

40,000
5,000
1,00,000
1,45,000

5.2.10. Rent:
Sr.
No.
1.
2.
3.
4.

Item

Rs.

Building
Electricity
Water
Phone

3,60,000
60,000
10,000
50,000

Total

4,80,000

5.2.11. Total Cost of the Project:


Sr. No.
1.
2.
3.

Particulars
Fixed Capital
(Total of item No.2.1,2.2,2.3)
Working Capital margin
(Total of item No. 2.5)
Preliminary & Pre-operative
Expenses
(Total of item No. 2.4)

Total Value(Rs.)
12,92,000

Total

24,32,000

8,80,000
2,60,000

Entrepreneurship Project

5.2.12. Means of Finance:


Sr. No.

Particulars

1.
2.

Own Investment
Working Capital Loan

Amount
(Rs.)
12,00,000
13,00,000

Total:

25,00,000

Remarks

Entrepreneurship Project

6. PROFIBILTY PROJECTIONS
Sr. No.
A.

Particulars
Sale Realization

B.

Cost of Manufacturing/
Servicing
Machines
Utilities
Salaries/Wages
Repairs & Maintenance
Selling & Distribution
Expenses
Administrative Expenses
Interest
Rent
Depreciation
Misc. Expenses

i)
ii)
iii)
iv)
v)
vi)
vii)
viii)
ix)
x)

C.
D.
E.

Amount (Rs.)
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

Total

62,00,000

Gross Profit/Loss(A-B)
Income-tax
Net Profit/Loss

38,00,000
12,54,000
25,46,000

You might also like