PROPSAL LETTER FOR RAISING FUND.

Assignment Taken

FINANCING HEAD OF OUR COMPANY.

Case Understanding

In my whole case study, I saw that Renewable energy has great scope in India. The automobile industry is one of them, auto mobile industry has expanded it by many ways in many countries like, U.S.A, U.K, CHINA, JAPAN…etc. Automobile sector has taken several giant steps in this direction around the world recently but Indian market is still at an infant stage. As compared to other countries, the market share of electric vehicles is extremely low in India. So, now this is a chance where we are going to develop electric vehicles so it can give a big fight to other countries in marketing. According to research some estimates, the total number of registered vehicles in India is 230 million and the market is growing continuously. This also leads to India's dependence on fossil fuels. Taking a reformist measure, the Government of India is aiming to promote electrical vehicle usage in the country. "The government target for 30% adoption of electric vehicles by 2030 will be majorly driven by the electrification of twowheeler, three-wheeler, and commercial vehicles. Lower rate of adoption of electric vehicles in the passenger vehicle segment is expected to have a limited impact in achieving the targets." We are a group of budding entrepreneurs & you all have discussed, researched and decided that you all should foray into any business related to "Electrical Vehicles" because you all think in unison that "this is the future". Here, we have given a corpus fund of Rs 46 Lakh, which is personal Investment, pooled by all team members & Rs. 60 Lakh loan can be arranged if need arises on 16% per annum fixed rate of interest. Our start-up acquired a coworking space for 8 people at a monthly rent of 3000/Workstation, in Bangalore City. 2 of our team members are mechanical engineers & 1 member is an electrical engineer. our start-up is also having 1 computer science graduate. 2 team members have left their marketing jobs from reputed automobile companies. Remaining 2 members have recently completed their post graduate management program. Every team member has an average monthly personal financial requirement of Rs.50 thousand, which they wish to withdraw every month from this business which seems very difficult at this point in time. our team's engineers have already designed and created a prototype electrical vehicle as a college project during their engineering courses. As our company is a start-up and doesn't have enough resources to hire in the beginning, thus you all have to decide who will take charge of which department internally. You all should divide assignments among all departments so that multiple solutions on one assignment can be avoided. ⦁ OUR PROPOSALS FOR FUND RAISING will be from HARE KRISHNA AUTOMOBILES, CHORD RD, RAJAJINAGAR; BANGLORE, KARNATAKA. 560010

BCS Solution Summary

In my whole case study, I saw that Renewable energy has great scope in India. The automobile industry is one of them, auto mobile industry has expanded it by many ways in many countries like, U.S.A, U.K, CHINA, JAPAN…etc. Automobile sector has taken several giant steps in this direction around the world recently but Indian market is still at an infant stage. As compared to other countries, the market share of electric vehicles is extremely low in India. So, now this is a chance where we are going to develop electric vehicles so it can give a big fight to other countries in marketing. According to research some estimates, the total number of registered vehicles in India is 230 million and the market is growing continuously. This also leads to India's dependence on fossil fuels. Taking a reformist measure, the Government of India is aiming to promote electrical vehicle usage in the country. "The government target for 30% adoption of electric vehicles by 2030 will be majorly driven by the electrification of twowheeler, three-wheeler, and commercial vehicles. Lower rate of adoption of electric vehicles in the passenger vehicle segment is expected to have a limited impact in achieving the targets." We are a group of budding entrepreneurs & you all have discussed, researched and decided that you all should foray into any business related to "Electrical Vehicles" because you all think in unison that "this is the future". Here, we have given a corpus fund of Rs 46 Lakh, which is personal Investment, pooled by all team members & Rs. 60 Lakh loan can be arranged if need arises on 16% per annum fixed rate of interest. Our start-up acquired a coworking space for 8 people at a monthly rent of 3000/Workstation, in Bangalore City. 2 of our team members are mechanical engineers & 1 member is an electrical engineer. our start-up is also having 1 computer science graduate. 2 team members have left their marketing jobs from reputed automobile companies. Remaining 2 members have recently completed their post graduate management program. Every team member has an average monthly personal financial requirement of Rs.50 thousand, which they wish to withdraw every month from this business which seems very difficult at this point in time. our team's engineers have already designed and created a prototype electrical vehicle as a college project during their engineering courses. As our company is a start-up and doesn't have enough resources to hire in the beginning, thus you all have to decide who will take charge of which department internally. You all should divide assignments among all departments so that multiple solutions on one assignment can be avoided. ⦁ OUR PROPOSALS FOR FUND RAISING will be from HARE KRISHNA AUTOMOBILES, CHORD RD, RAJAJINAGAR; BANGLORE, KARNATAKA. 560010

Solution

• PROPOSAL LETTER FOR FUND RAISING:-

FLY SKY PVT. LTD.

M.G. ROAD, NORTH TALUK,

BANGALORE CITY, KARNATAKA,

560001

NO.-1234567890

 

25/11/21

 

TO,

 

HARE KRISHNA AUTOMOBILES,

CHORD RD, RAJAJINAGAR;

BANGLORE, KARNATAKA.

560010

 

PROPOSALS FOR FUND RAISING.

 

I, MANSHI SINHA, AM WRITING TO YOU ON BEHALF OF ‘FLY SKY PVT. LTD.’ AN ORGANISATION THAT IS WPRKING FOR AN ELECTRICAL VECHILE, BY PROVIDING CHARGING AND REPAIRING SERVICES 24*7. OUR ORGANISATION IS WORKING HARD UPON IT. OUR ORGANISATION IS CLEARLY EXCITED AND EAGER TO SEE THIS PROJECT SUCEED. YOU CAN BE A PART OF THAT EXCITEMENT, BY SUPPORTING US IN TERMS OF MONEY. I WOULD LIKE TO THANK YOU FOR CONSIDIRING THIS OPPOTUINITY TO PARTNER WITH OUR ORGANISATION FOR RAISING FUNDS. IF YOU HAVE ANY QUERIES REGARDING OUR ORGANISATION, OUR FUND MANAGEMENT POLICY, OR THE PROJECT IT SELF, PLEASE FEEL FREE, TO CONTACT OUR ORGANISATION, AT THE ADDRESS OR CONTACT NUMBER GIVEN ABOVE.

THANK YOU,

MANSHI SINHA

123456789 

 

#

• EXPANSION PLAN FOR NEXT FIVE YEARS:-

=10,600,000 (46,00,000 CORPUS FUND+ 60,00,000 LOAN AMOUNT, 16% p.a. @FIXED RATE.)

=3000*60*8 (RENT ESTIMATION FOR, 1 WORK, 8 PEOPLE STATION @3,000 p.m. FOR NEXT 5 YEARS)

=(1,440,000)

=9,160,000 (REST AMOUNT, AFTER DEDUCTION OF RENT)

=(4,800,000) ( RUPEES 25,000 ALOTTED TO EMPLOYEE FROM RUPEES 50,000 FOR PERSONAL NEEDS FOR NEXT 2 YEARS, i.e; 25,000*24*8)

=4,360,000

= 4,800,000 (REST AMOUNT FROM RUPEES 50,000 i.e; RUPEES 25,000*8*24)

=9,160,000 (REST AMOUNT FOR NEXT 2 YEARS)

 

#

• CALCULATION FOR NEXT 3 YEARS:-

=9,160,000 (REMAINING AMOUNT)

=(8,640,000) (RUPEES 30,000 ALOTTED TO EMPLOYEE FROM RUPEES 50,000 FOR PERSONAL NEEDS FOR NEXT 3 YEARS, i.e; 30,000*36*8)

=5,20,000 (REST AMOUNT)

=5,760,000 (RUPEES 20,000 ALOTTED TO EMPLOYEE FROM RUPEES 50,000 FOR PERSONAL NEEDS FOR NEXT 3 YEARS, i.e; 20,000*36*8)

=5,240,000 (SURPLUS AMOUNT OF THE ORGANISATION)

#

 

• AN ANNUAL OPERATING PLAN FOR FINANCIAL YEAR 2021- 2022

=10,600,000 (46,00,000 CORPUS FUND+ 60,00,000 LOAN AMOUNT, 16% p.a. @FIXED RATE.)

=2,88,000 (WORK STATION RENT ESTIMATION FOR, 1 WORK STATION @3,000 p.m.*8 PEOPLES*12 MONTHS)

=10,00,000*3

=30,00,000 (ALOTTED TO MARKET DEPARTMENT, HR DEPARTMENT AND IT DEPARTMENT @10,00,000 EACH)

= 7,312,000 (SURPLUS AMOUNT OF THE ORGANISATION)

=54,900+25,000+1,00,000 (RAW MATERAILS:- 5 ELECTRIC BATTERY @10,980 EACH, EV CHARGING CABLE @5,000 EACH, 10 EV REPAIRING KIT @10,000 EACH)

=(1,79,900)

=7,132,100 (FINAL ESTIMATED AMOUNT OF THE ORGANISATION FOR THE GIVEN YEAR)

Conclusion

I HAVE MADE THE FINACIAL STRATEGY FOR OUR COMPANY FOR THE NEXT FIVE YEARS.

Attached File Details

Video

https://www.youtube.com/watch?v=3FVmITd3lYk