abhinav jain synopsis

7/31/2019 Abhinav Jain Synopsis

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ORIENTAL INSTITUTE OF MANAGEMENT

Business Project

Synopsis on Business Leader

Mr. Abhinav Jain

Made by

SONAL JAIN


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Acknowledgement

I would like to take this opportunity to express my gratitude and sincere thanks to Mr.

Abhinav Jain who has taken time out of his busy schedule for my interview.

He is a very humble and a knowledgeable person. He has helped me a lot to make this

project through his input.

I am also very thankful to Professor Kiran Yadav who has given me an opportunity to

discover and gain knowledge about a new type of business and industry and at the same

time improve my interpersonal skills.

This project has also provided me a good amount of practical knowledge.


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Research Objective

My main aim behind doing this research work is to identify with Mr. Abhinav Jain as a

leader and then to learn from him the practicality of business and his leadership qualities.

Another objective is to understand his business in as detailed manner as possible and thelimitations associated with it.


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Content


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1. Introduction

1.1Who is Mr. Abhinav Jain?

Mr. Abhinav Jain is the son of Lt. Sh. R. K. Jain and Smt. Sarla Jain. He was born on

17th January 1978. He has been born and brought up in Udaipur, City of lakes in Rajasthan.

He comes from a very humble family background; his father was a Charted Accountant.

He did his Engineering in Textile Chemistry and then worked in a Textile mill .He

then did his MBA in correspondence along with his Job. In order to continue his fathers

business after his death, he did his C.A. and cleared in first attempt. He has taken his

fathers business to new heights i.e. from a simple Audit and taxation service company to a

Consolidated Financial Services ltd.

He is a very hardworking man, full of enthusiasm. He worked at Vardhaman

Textiles ltd at Baddi, Himachal Pradesh for around 2 years under Quality Assurance unit.

Then later he had joined BMD Pvt Ltd, LNJ group, Banswara, Rajasthan in Production

Unit for 1 year. He worked well enough at the two companies but due to bad health of his

father he had to leave the job and then take over the part of C.A ,so that he could continue

his fathers business and make him feel better he sacrificed his Textile career and changed

his field to C.A .

2. Educational Qualifications:


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B. Tech in Textile Chemistry from M.L.V.T.I, Bhilwara, Rajasthan

M.B.A. From Institute of Chartered Financial Analysts of India

C.A. From The Institute of Chartered Accountants of India

Key Beliefs:

All power is within you. You can do anything and everything. Believe in that.

Swami Vivekanand.

Key Skills:

Persuasive Communication Skills, Good Listener, Motivator.

1.1 Business at a Glance :

Abhinav Jain overtook the business of his father, who was a

Practicing Chartered Accountant, after his death and transformed the single

business model into an integrated service provider and is running the samesuccuessfully with the name ofConsolidated Financial Solutions or CFS.


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1.2 All About CFS :

CONSOLIDATED FINANCIAL SOLUTIONS

Mission Objective :

To become a centralized integrated financial services provider for individuals, firms

& companies situated throughout India using the revolutions in communication technologyas a platform to connect to people across barriers of distance and time to fulfill their ever-

growing demand for acute and effective assistance in the field of Finance.

Business Model :

The business model of CFS is based on the concept of providing the solutions to all

the financial problems under one roof. For the time being following services are beingprovided by CFS as shown in Fig. 1.1.

Fig. 1.1

Consolidated

Financial

Solutions

Accounting &

Taxation

Loaning

Services

Insurance

Services

Auditing &

Assurance

Venture Capital

Financing &Entrepreneurship

Stock Brokers& Investment

Advisors


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Breif Discussion on Each Service Segment

1. Auditing & Assurance

This Segment covers the services of

Statutory Audit of Companies. Revenue Audit, Concurrent Audit and Statutory Audit of banks.

Tax Audits of Individuals, HUFs, Firms & Companies.

2. Accounting & Taxation

This Segment provides following specialized services

Accounting.

Filing of Returns & Consultancy services in fields of

Income Tax, Sales tax,

Central Excise &

Service Tax.

3. Stock Brokers & Investment Advisors

The Broking Segment provides

A/c for Share trading in NSE & BSE in Cash & F&O.

A/c for Currency Trading.

A/c for trading in Commodities.

A/c for holding Securities in DMAT form.

The Investment Advisory segment provides the necessary backbone for

successfully running the broking segment by using

Latest Financial & Technical Analysis & forecasts,

Understanding the overall market scenario domestic as well as international,

&

Understanding of company fundamentals.

So as to take the right decisions at the right time to maximize the profits and

minimize the losses of the associated clients.

4. Venture Capital Financing & Entrepreneurship

This segment is based on the innovative idea that businesses dont just evolve. Theyneed support and risk initiative which sometimes the individual generating the idea

of a new business doesnt have. CFS believes that if you see a market where there

is a declining trend in generation of new businesses, then it is imperative to take a


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forward step to cultivate business. This is a risk prone segment with its own

rewards.

This Segment Specializes in

Detailed Financial Analysis of New Projects.

Technical & feasibility analysis. Providing the necessary Capital either through loaning, or acting as a

business associate with a motive to reap the profits on successful

implementation of project.

5. Loaning Services

This Segment provides negotiation services with nationalized banks for

Housing Loans

Cash Credit Facilities

Overdraft facilities

Term Loans

6. Insurance Services

This Segment provides services in field of

Life Insurance,

Medical Insurance, &

General Insurance.


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Balance Sheet As At

31st

March31st

March31st

March31st

March31st

March

2011 2010 2009 2008 2007

LIABILITIES

Proprietors CapitalAccount

Opening balance 3170.72 2242.73 1702.96 1410.41 1256.62

Add: Net Profit for the

year1514.49 1064.74 645.59 389.80 239.01

Less: Drawings 154.11 136.75 105.82 97.25 85.22

Closing Balance 4531.10 3170.72 2242.73 1702.96 1410.41

Secured Loans 795.12 750.41 542.65 151.44 50.27

Unsecured Loans 310.00 270.00 310.00 250.00 250.00

Current Liabilities &Provisions

59.40 45.56 39.12 29.54 15.20

Total of Liabilities 5695.62 4236.69 3134.50 2133.94 1725.88

ASSETS

Fixed Assets

Gross Block 1245.43 1094.55 967.19 850.45 802.61

Less : AccumulatedDepreciation

377.31 322.20 260.81 203.36 156.24

Net Block 868.12 772.35 706.38 647.09 646.37

Investments 2969.71 2164.44 1645.22 710.50 450.50

Current Assets, Loans& Advances

Inventories 87.17 52.54 45.22 37.10 25.90

Sundry Debtors 244.10 129.60 78.00 59.15 39.18

Cash & Bank Balances 835.92 477.01 259.56 283.05 232.43

Other Current Assets 400.60 350.75 250.12 247.05 211.50

Loans and Advances 290.00 290.00 150.00 150.00 120.00

Total of Assets 5695.62 4236.69 3134.50 2133.94 1725.88

Income & Expenditure Account For the Year Ended on


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31st

March31st

March31st

March31st

March31st

March

2011 2010 2009 2008 2007

Income

Income From Services(Annexure I)

2084.75 1579.27 1079.45 669.56 433.44

Other Income 159.75 124.02 94.15 59.42 45.00

Total Income 2244.50 1703.29 1173.60 728.98 478.44

Expenditure

Personnel Expenses 350.00 300.00 250.00 180.00 120.00

Operating and

Administration Expenses194.66 172.46 148.12 98.27 56.00

Total Expenditure 544.66 472.46 398.12 278.27 176.00

Profit Before Interest,

Depreciation And Tax1699.84 1230.83 775.48 450.71 302.44

Interest & FinancialCharges

130.24 104.70 72.44 13.79 9.21

Depreciation 55.11 61.39 57.45 47.12 54.22

Profit Before Tax 1514.49 1064.74 645.59 389.80 239.01

Graph Showing Yearwise Trend in Profit Before Tax


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Profit Before Tax

0.00

500.00

1000.00

1500.002000.00

2011 2010 2009 2008 2007

31st

March

31st

March

31st

March

31st

March

31st

March

Profit Before Tax

Annexure I Details of Segmental Revenue

(Rs. In 000)

31st

March31st

March31st

March31st

March31st

March

2011 2010 2009 2008 2007

Auditing & Assurance 659.10 561.50 450.60 241.20 143.50

Accounting & Taxation 421.40 310.40 260.90 230.40 202.10

Stock Brokers &Investment Advisors

241.30 184.24 125.00 60.50 0.00

Venture Capital Financing& Entrepreneurship

254.44 137.59 45.00 0.00 0.00

Loaning Services 124.40 91.29 72.50 57.00 31.00

Insurance Services 384.11 294.25 125.45 80.46 56.84

Total 2084.75 1579.27 1079.45 669.56 433.44

Graph Showing % Contribution of Each Service Segment to Total

Revenue


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0%

20%

40%

60%

80%

100%

2011 2010 2009 2008 2007

31st March 31st March 31st March 31st March 31st March

Insurance Services

Loaning Services

Venture Capital Financing &

Entrepreneurship

Stock Brokers & Investment

Advisors

Accounting & Taxation

Auditing & Assurance


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abhinav jain synopsis

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