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Entrepreneurship Project Report

On

“Vehicle Tracking System”

An entrepreneurship project report submitted in the partial


fulfillment of the requirement for the Degree of Bachelor of
Technology under BPUT

Submitted By

Saroj Kumar Nayak Regd. No. : 0601227075


Ashis Jena Regd. No. : 0601227119
Saumendra Kumar Sahoo Regd. No. : 0601227120
Biranchi Narayan Swain Regd. No. : 0601227122
Bhabani Shankar Behera Regd. No. : 0601227134

Department of Electronics and Telecommunication Engineering


C. V. Raman College of Engineering – Bhubaneswar
CERTIFICATE

This is to certify that the entrepreneurship


project report entitled as” Vehicle Tracking
System” submitted by
Saroj Kumar Nayak Regd. No. : 0601227075
Ashis Jena Regd. No. : 0601227119
Saumendra Kumar Sahoo Regd. No. : 0601227120
Biranchi Narayan Swain Regd. No. : 0601227122
Bhabani Shankar Behera Regd. No. : 0601227134
is a record work done for partial fulfillment of
the requirements for the award of B.Tech degree in
“Electronics and Telecommunication Engineering”,
of Biju Pattanaik University of Technology,
Rourkela, is a bonafied record work done under my
supervision and guidance.

Prof. P. Kanungo Mrs. Rashmita Mohapatra


H.O.D Acknowledgement
External Guide
E&TC E&TC
Acknowledgement
Acknowledgement
We would like to express our immense gratitude and sincere
thanks to project guide Mrs. Rashmita Mohapatra whose co-
operative guidance has helped us in successful completion of this
Entrepreneurship Project on “Vehicle Tracking System”. We are
very much thankful to Prof. P. Kanungo (H.O.D. Dept. of
Electronics and Telecommunication Engg., CVRCE).
We express our deep sense of gratitude and appreciation to
the entire faculties in Dept. of Electronics and Telecommunication
Engg. For their valuable and scholarly guidance, constant
supervision and timely advice and nonteaching staff on Electronics
and Telecommunication Engg. Dept. and our friends without
whom our endeavor would not have been successful.

Saroj Kumar Nayak Regd. No. : 0601227075


Ashis Jena Regd. No. : 0601227119
Saumendra Kumar Sahoo Regd. No. : 0601227120
Biranchi Narayan Swain Regd. No. : 0601227122
Bhabani Shankar Behera Regd. No. : 0601227134
B. Tech, 8 th semester
Dept of E&TC Engg.,
C. V. Raman College of Engineering
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.
CONTENTS

1. GENERAL INFORMATION …………………… ......................... ………………. 1


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

7. CONCLUSION:…………………………………………………………………...13
1. GENERAL INFORMATION

Name of the Entreprenuers :


Saroj Kumar Nayak
Ashis Jena
Saumendra Kumar Sahoo
Biranchi Narayan Swain
Bhabani Shankar Behera

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 : : Saroj Kumar Nayak
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, VLSI
2. Name: Ashis Jena
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, Java, Oracle, VLSI
3 . Name: Saumendra Kumar Sahoo
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, VLSI, Oracle
4. Name : Biranchi Narayan swain
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++, VLSI
5. Name : Bhabani Shankar Behera
Educational Qualification: Bachelor of Technology
Technical Skills: C, C++
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 Consume rs :
Private vehicle owners and transport companies.

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.
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 Remarks
Value(p.a)
1. Land NA
2. Building 10000sqFt 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:

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.) Remarks


1. Interest during 50,000
implementation
2. Establishment 50,000
Expenses
3. Start-Up 1,60,000
Expenses
Misc. expenses
Total 2,60,000

2.5 Working Capital :


Sr. No. ITEM Rs.
1. Raw-Material ----------
2. Salary/Labour 20,000/labour/month
3. Rent 2,40,000/year
4. Interest on loan 4,00,000/year
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.
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).
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 Items Quantity Rates per unit Sales


(2007) sold/year (Rs) realization(Rs)

1. Vehicle tracking 500 20,000 1,00,00,000


hardware
Total 1,00,00,000

5.2.2 Utilities:

Sr. No. Particulars Annual Expenditure(Rs) Remarks


1. Power/Electricity 60,000
2. Water 10,000
3. Coal/Oil/Stream ---------
4. Any other item 50,000

Total 1,60,000
5.2.3 Salaries/Wages:

Sr. Particulars No. Wages/Salaries per Annual


No. Month(Rs.) Expenses(Rs)
1. Skilled 15 20,000 36,00,000
2. Semi Skilled 10 13,000 1,30,000
3. Unskilled 5 3,000 15,000
4. Office Staff 3 5,000 1,80,000
5. Any Other

Total 39,25,000

5.2.4 Repairs and Maintenance:

Sr. Particulars Amount(Rs)


No.
1. Hardware maintenance 10,000
2. Computer and Electronic goods 20,000
Total 30,000

5.2.5 Selling and Distribution Expenses:

Sr. Particulars Amount(Rs) Remarks


No
1. Publicity Expenses 1,00,000
2. Traveling 50,000
3. Freight 10,000

Total 1,60,000

5.2.6 Administrative Expenses:

Sr. Particulars Amount(Rs) Remarks


No
1. Stationery & Printing 20,000
2. Post/Telephone/Telegrams 50,000
3. Advertising Expenses 30,000

Total
1,00,000
5.2.7.Interest:

Year Outstanding Inte rest Installment(Rs) Balance(Rs)


Loan Amount
(Rs)
1 40,00,000 4,00,000 5,00,000 44,00,000

5.2.8.Depreciation:

Sr. Type of Asset Cost of Asset Expected Life Depreciation


No.
1. Computer 30,000 1 yrs 3,000
2. Assets 50,000 1 yrs 10,000
Total 13,000

5.2.9Misc. Expenses:

Sr. Description Cost


No.
1. Furniture 40,000
2. Coffee Maker 5,000
3. A.C. 1,00,000
Total 1,45,000

5.2.10. Rent:

Sr. Item Rs.


No.
1. Building 3,60,000
2. Electricity 60,000
3. Water 10,000
4. Phone 50,000

Total 4,80,000
5.2.11. Total Cost of the Project:

Sr. No. Particulars Total Value(Rs.)


1. Fixed Capital 12,92,000
(Total of item No.2.1,2.2,2.3)
2. Working Capital margin 8,80,000
(Total of item No. 2.5)
3. Preliminary & Pre-operative 2,60,000
Expenses
(Total of item No. 2.4)

Total 24,32,000

5.2.12. Means of Finance:

Sr. No. Particulars Amount Remarks


(Rs.)
1. Own Investment 12,00,000
2. Working Capital Loan 13,00,000

Total: 25,00,000
6. PROFIBILTY PROJECTIONS

Sr. No. Particulars Amount (Rs.)


A. Sale Realization 1,00,00,000

B. Cost of Manufacturing/
Servicing
i) Machines 7,87,000
ii) Utilities 1,60,000
iii) Salaries/Wages 39,25,000
iv) Repairs & Maintenance 30,000
v) Selling & Distribution 1,60,000
Expenses
vi) Administrative Expenses 1,00,000
vii) Interest 4,00,000
viii) Rent 4,80,000
ix) Depreciation 13,000
x) Misc. Expenses 1,45,000

Total 62,00,000

C. Gross Profit/Loss(A-B) 38,00,000


D. Income-tax 12,54,000
E. Net Profit/Loss 25,46,000
7. CONCLUSION

Nowadays vehicle theft is a major concern to the ve hicle 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.

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