Swati Dixit Interim

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    INTERIM REPORT

    ON

    FINANCIAL MODEL OF PRIVATE EMPLOYMENT EXCHANGE

     AT 

    INSTITUTE OF REAL ESTATE AND FINANCE

    AT

    “Institute Of Real Estate and Finance (IREF)”

    BY 

    SWATI DIIT

    !"BSP!##$

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    INTERIM REPORT

    ON

    FINAN%IA& MODE& OF PRRI'ATE EMP&OYMENT

    E%ANE

    B*

    SWATI DIIT

    !"BSP!##$

    A +e,-+t su./itted in ,a+tial ful0ll/ent -f 

    t1e +e2ui+e/ent -f 

    PPM P+-3+a/ -f 

    IBS Mu/.ai

    Dist+i.uti-n &ist4

    FACULTY GUIDE- Dr. Manisha Saxena

    COMPANY GUIDE- Mr. Aha! "#$ar 

    Date -f Su./issi-n4 !5t1 A+il6 78!9:

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    AUTHORIZATION

    I, Swati Dixit, hereby declare that the project work titled “Financial Model of 

     Private Employment Exchange” is an authentic work done by me under the

    guidance and supervision of my aculty guide Dr! "anisha Saxena and #ompany

    $uide "r! %bhay &umar !'his project report is submitted as partial fulfillment of 

    the re(uirement of )$)" Degree from I*S "umbai!

    Sincerely,

    SWATI DIXIT

    15BSP1339

    DATE: 14TH APRIL, 2016.

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    ACKNOWLEDE!ENT

    "anagement is a profession where in no work can be accomplished without the

    help and %ssistance of a large no! of people, be it your superior or subordinates! %

    good manager is the one who knows how to get the work accomplished with the

    help of his colleagues! %s uture manager, we are taught to practice such behavior 

    at every step! 'his project is also a )art of it!

    I would like to thanks I*S "+"*%I for providing me this great pportunity to

    work on this report and my own topic of interest! urther I would also like to thank 

    everyone in I*S "+"*%I -hom I have come in contact during the preparation

    of this dissertation! I wish to express my sincere gratitude to  DR. MANISHA

    SAXENA  and company guide  MR. ABHAY KUMAR  for their extended support

    during the study and preparation of the .eport! %ll have been profoundly

    instrumental in making the project undertaken the Source of knowledge providingall the Support and necessary guidance!

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    TABLE O" CONTENT

    TIT&E PAE

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    ABSTRACT

     

    'he successful completion of this project was a uni(ue experience for me because

     by )reparing financial budgets for the new co prex centers and thus in turn helping

    them to build their company/s forecast and interacting with various persons, I

    achieved a better knowledge about the activities !'he experience, which I gained

     by doing this project, was essential at this turning point of my career! 'his project

    is being submitted which contains detailed analysis of the research undertaken by

    me!

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    INTRODUCTION

    1.  CO!PAN?S PRO"ILE:

    • I.0 1Institute of .eal 0state and inance2 is I.0 1Institute of .eal 0state

    and inance2 is one of the first few .eal 0state Institutes in India , 0stablished

    in 3454, which offers .eal 0state 0ducation 6 'raining through its autonomous

    )rofessional #ourses in .eal estate 6 7ome 8oan with onsite training in

    collaboration with leading industry players!

    • I.0 provides increased employability and holistic value addition by means of

    its certificate courses!

    • 'he )rogram/s faculty comes from across India with in depth .eal 0state

    knowledge to create a uni(ue interdisciplinary structure!

    • I.0 focuses on industry ready course to I.0/s students so that they adapt to

    the new marketing techni(ues easily, have broad exposure to the real estate

    development, and hence has a better understanding of the consumer

     behavior thus making the preferred choice of the organi9ation!

    http://www.iref.co.in/about-us/why-iref/http://www.iref.co.in/about-us/why-iref/

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    • I.0 instigates individual/s ability to analy9e, understand and deliver the best

    to the industry along with channeli9ing the path to their career growth!

    I.0 offers instant placement opportunities for trainees within groupcompanies and various leading .eal 0state companies across India!

    • Insights and expert opinions will be provided by those working in the real estate

    industry and experts in their respective fields!

    • Setting the standard for the .eal 0state education across industry

    2.  ACHIE@E!ENTS O" THE CO!PAN?:

    I.0 is dedicated to be centre of excellence in real estate education and skill

    training while simultaneously developing of a collegiate environment conducive to

    the evolution of knowledge intensive .eal 0state Industry with effective, efficient

    and skilled industry professionals by!

    • Setting the standard for the .eal 0state education across industry!

    • Imparting skills needed to improve professional standards!

    • 'o bridge the gap between industry and the academia professional standards!

    3.  O@ER@IEW O" A PROECT PRI@ATE

    E!PLO?!ENT EXCHANE PREX:

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    )rivate 0mployment 0xchange is a network of education, 0ntrepreneur and

    training institute which help student, job seekers for placement, training and

    admissions, locally and also on national level! It Started in 345:! .ight now in

    )une there are : private employment exchanges and ; private employment

    exchange in

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    ;! !ETHODS :

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    •  Gathering client data and determining goals and expectations 

    'he financial planner asks about the client/s financial situation, personal and

    financial goals and attitude about risk! 'he planner gathers all necessary

    documents at this stage before giving advice!

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    •   Analyzing and evaluating the client’s financial status 

    'he financial planner analy9es client information to assess his or her current

    situation and determine what must be done to achieve the client/s goals!

    Depending on the services re(uested, this assessment could include analy9ing

    the client/s assets, liabilities and cash flow, current insurance coverage,

    investments or tax strategies!

    •   eveloping and presenting the financial planning

    recommendations

    'he financial planner offers financial planning recommendations that address

    the client/s goals, based on the information the client provided! 'he planner

    reviews the recommendations with the client to allow the client to make

    informed decisions! 'he planner listens to client concerns and revises

    recommendations as appropriate!

    •   Implementing the financial planning recommendations 

    'he financial planner and client agree on how recommendations will be carried

    out! 'he planner may carry out the recommendations for the client or serve as a

    “coach,” coordinating the process with the client and other professionals such as

    attorneys or stockbrokers!

    •   Monitoring the financial planning recommendations 

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    'he client and financial planner agree upon who will monitor the client/s progress

    toward goals! If the planner is involved, he or she should report to the client

     periodically to review the situation and adjust recommendations as needed!

    SIP DETAILS

    1.  !? ROLE IN INTERNSHIP:

    • %s my first part of the sip is to increase the brand awareness! 8ike right now

    our plan to open :4 private employment exchanges centre in "aharashtra as

    well as in other states also! "y role is to develop a financial model for new

     private employment exchange! or that I follow a financial planning method!

    inancial planning process is as follows?

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    1 +nderstand the element used in previous models! +nderstand the effort

     behind fulfilment of company objective through Different methods of

    finance! %lso i study the finance feasibility for ).0@ at various

    locations!

    2 %ccording to the location I prepare a flow of income, expenses and profit

    and loss statement! Detailed projected plan of both long and short term

    expenses and income of a company!

    • "aintenance of data of currently prex centres which includes cost, incomes

    and expenses and preparing balance sheet based on these data!

    • %fter making a balance sheet prepares a profit and loss statement!

    3! SPECI"IC REUIRE!ENT "OR THE

    PROECT:

    52 #lients

    32 Students

    A2 $uidance from seniors

    ;2 0xcel

    :2 $oogle form

    B2 )rimary data

     3.  PLACE "OR WORK:

    52 ffice

    32 n field work 

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    A2 -ork from home

    4.  WORK SCHEDULE:

    WEE< 8!

    (!#T Ma+c1=!;t1

    Ma+c1)

     To overview the history of the private employmentexchanges an their vario!s pro"ects

    • #earning of vario!s $inancial methos%&'$$$()* +',-.

    WEE< 87

    (78nd  Ma+c1=

    79Ma+c1t1 )

    • / #earning of how to prepare nancial !geting for a

    start!p%• / #earning of $inancial $orecasting for a company% 

     Ta!ght ao!t vario!s c!lt!re of organiation an how to

    comm!nicate with the clients%

      WEE<

    8#

    (7;T Ma+c1l=87t1 

    A,+il)

    • / #earning of nance feasiility for ,* at vario!s

    locations %

    • /ssessment of income an ow of expenses on monthly%%

    WEE< 85

    (5t1 A,+il =$t1 

    A,+il)

    • reparing (ncome plan *xpense plan an prot an loss

    statement on onthly ases%

     

    /ttening meeting with irector areting *xec!tive

    WEE< 8"   • )ompleting the target y approaching vario!s clients% 

    eeting with client

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    (!!t1 a,+il=!9t1 

    A,+il)

    5.  !ETHODOLO? ADOPTED:

    "ost of the conclusion drawn during the study was gathered with the help of 

     primary data which was provided by the customers and the experience they sharedwas the major source of learning as it was helpful in understanding of how and

    which ways can be best suited for creating brand awareness and assessent of profit

    and loss! or accomplishing this internship, till now I had used methodologies!

    %ttending the meetings with Senior .ecruitment 0xecutive! =ote down the

    key elements of their presentations!

    Developing certain (uestions to be asked to them during the meetings which

    may help me in my research process!

    $athering all the information about the project available with the

    organi9ation!

    #ollection of the published information from the senior recruitment

    executives and other websites, 'raining #enters, from journals etc!

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    "INDINS AND CONCLUSION

     

    The study brings out foo!ing "ro#ess foo!ed$

    or increase the brand awareness Importance of inancial model of opening of

     private employment exchange!

    'he minimum balance criteria which has to be maintained!

    Cerification process of all locations for finance feasibility!

    $ood support from peers, subordinates, supervisor and from different

    organi9ation

    .elatively new company in the market and having high competition

    %nd the end of the study it was understood that customers mostly demand for

    (uick and easy access of all the resources from the ).0@ but there are certain

    steps which are to be followed which makes the system slow and the customer

    major reason for understand the model!

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    RECO!!ENDATIONS

    %fter the successful completion of the study certain aspects are needed to be

    looked forward in the )rivate employment exchange! Some points of suggestion

    are as follows?

    It is important to design and develop new financial forecasting and

     budgeting which can help for creating brand awareness!

     %ssessing the cost of providing the service charge for co prex centers and

    calculating the rate at which service charge are to be levied and minimum

     balances must be maintained to make more profitable!

    %ll the irregularities observed by the auditors should be thoroughly

    followed!

    'he software version must be upgraded!

    Some more . 6 D should be carried out so it should be made to give make

    more services than what it actually does!

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    LI!ITATIONS

    0very study has got some limitation during the project “inancial business model

    of private employment exchange” I have also faced some constraints and

    limitations! 'hey have been listed as follows?

    I.0 being completely new in the marketing field lacks in training!• Data published on the websites sometimes vary to a great extent!

    • 8ack of awareness of ).0@ among people demands more effective and

    distinctive strategies and thus more time and more budgets in comparison

    with its competitors!

     !"ME "#$E% &IMI#A#I"'! A%E:(

    1 'he time span for the project is limited!

    2 'he problems with using paid tools for relevant data!!

    3 'ime of campaigns for some client is more than three months!

    4 #lients are unaware of many business of I.0

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    LEARNINS "RO! THE PROECT

    52 Shut up and listen! !

    1 )roblems create opportunities!

    2  'he effort behind fulfilment of objective!

    3 )ersonality improvement

    4 8earning about how to organise a meeting and prere(uisite of meeting!

    5 7ow to keep calm and patience!

    6 +nderstand the decision makers motives!

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    RE"ERENCES

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      7'')S?EE0=!-I&I)0DI%!.$E-I&I

      ---!-I&I)0DI%!#"!

    ---!S7%.0I'!#"

    http://www.iref.co.in/http://www.prex.co.in/https://en.wikipedia.org/wikihttp://www.wikipedia.com/http://www.iref.co.in/http://www.prex.co.in/https://en.wikipedia.org/wikihttp://www.wikipedia.com/