Post on 19-Apr-2020
COMPANY REPORT
QUANTUM TECHNOLOGIES
Submitted by
Rohan KulkarniA0102113012
MBA Class of 2015
Under the Supervision of
Prof. Akhil SwamiDepartment of Finance and Accounts
In Partial Fulfilment of the Requirements for the Degree ofMaster of Business Administration (Entrepreneurship)
AMITY BUSINESS SCHOOLAMITY UNIVERSITY UTTAR PRADESH
SECTOR-125, NOIDA-201303, UTTAR PRADESH, INDIA
DECLARATION
The title of Company Report is Quantum Technologies
I declare that (a) the work presented for assessment in this Company Report is my original work,
that it has not previously been presented for any other assessment and that my debts (for words,
data, arguments and ideas) have been appropriately acknowledged; (b) work conforms to the
guidelines laid by the University, and (c) Plagiarism for this report has been checked using
__________ software and is ___________ %. The summary of report is attached along with for
reference.
Date: 13/03/2014 Rohan Kulkarni
A0102113012
MBA – E (Class of 2015)
CERTIFICATE
This is to certify that Rohan Kulkarni, student of Masters of Business Administration –
Entrepreneurship at Amity Business School, Amity University Uttar Pradesh has completed the
Company Report on “Quantum Technologies”, in Partial Fulfilment of the Requirements for the
Degree of Master of Business Administration – Entrepreneurship under my guidance.
The report has been checked for the plagiarism and it is acceptable.
Prof. Akhil Swami
Department of Finance and Accounts
ii
Acknowledgements
I would like to thank Quantum Technologies, Faridabad for providing me with the
relevant financial data. I would also like to thank Mr. Atul Kulkarni, CEO of Quantum
Technologies, for giving his precious time and for giving me all the relevant information
required for the purpose of the completion of this report.
I would also like to thank Prof. Akhil Swami for guiding me at every step of the report
preparation and providing his valuable insight for all aspects of the report.
Finally, I would like to thank Amity Business School, Noida (AUUP) for providing me
with the opportunity to increase my knowledge and learn new skills which are important
and relevant for my future career.
iii
TABLE OF CONTENTS
Executive summary 1
Introduction 2-3
Report Objective 2
Report Outline2
Research Methodology 3
Organization Profile 4-6
History and Important Landmarks 4-5
Growth Rate and Annual Turnovers 6
Current Services and Future Plans 6
Industry Profile 7-15
Introduction 7-8
Chemical Flooring 8-9
The Chemical Flooring Market 10-11
Non-Chemical Flooring 10-11
Current Trends 13
Major Challenges for Indian Market 14
Factors Affecting Future Growth 14-15
Organization Data and Analysis 16-20
Industry Comparison and Recommendations 21
References 22
Annexure 23
iv
Executive Summary
Quantum Technologies is a proprietorship firm established in the year 2002. Over the
years the firm has tried to establish itself in different fields such as water treatment
chemicals and equipments, ceramic chemicals, anti corrosive coatings and fibre glass
sheets. Now with epoxy flooring, the firm has gained a foothold in the market and is
experiencing exponential growth for the past few years.
The industrial flooring sector is also witnessing a growth period propelled by increase in
demand at the end user level, improvement in technology, reduction in costs and
development of markets in emerging economies such as India and Brazil. The industry is
expected to grow at a rate of 25-30 % per annum over the next few years.
This growth pattern also provides Quantum Technologies an opportunity to expand and
diversify. Currently, the firm provides epoxy flooring in industries and commercial
establishments and also manufactures epoxy resins. It has also started providing concrete
polishing as a flooring option but this service is still in its nascent stage. The firm plans to
increase its production and cater to a wider customer base by adding Poly Urethane as a
flooring option to its services.
This report aims to analyze the financial status and the growth pattern of the organization
and compare it with that of the industry as a whole to predict future growth trend. Also
recommendations will be provided and critical success factors will be discussed which
are of importance for the growth of the firm.
1
Introduction
Quantum Technologies was established in the year 2002 and currently provides epoxy
flooring and concrete polishing in industries and commercial establishments. The
organization also manufactures epoxy hardener and resin. The organization has clients
across the country and has established itself as a high quality epoxy applicator and
manufacturer. The company presently has 15 employees and reported a turnover of Rs.
3.38 crore in the financial year 2012-13.
The growing construction chemical sector provides an opportunity for the organization to
make use of this boom in the industry and jump into the big league. But to do this the
organization must look at the ongoing trend in the industry and understand critical
success factors before formulating a growth plan.
Report Objective
The objective of this report is to analyze the current financial and administrative status of
Quantum Technologies. The report will also include the organization’s prospects for
future growth and recommendations on what can be done to insure that the organization
achieves its future growth targets. Some highlights of the history and important
landmarks of the organization will also be presented to give an insight into the journey of
the entrepreneur. A brief discussion will also be done on the present flooring industry
with respect to challenges and opportunities and current status of the market.
Report Outline
The report will broadly include the following sections.
Organization History and Profile: The establishment and history of the
organization will be discussed along with important landmarks and the services
currently provided and those which the organization plans to provide in the future.
Industry Profile: A brief discussion will be done on the types of industrial flooring
and the current and future scenarios of the industrial flooring sector.
2
Data Collection and Analysis: The financial statements of the organization will be
presented and analysed and the growth pattern will be compared with the overall
pattern in the industry.
Recommendations: Based on the analysis, suggestions will be made for
improvement.
Research Methodology
The data was collected through Secondary Data collection Techniques and interviews.
The financial statements and other data were provided by Quantum Technologies for the
purpose of this report. Reference Papers and Industry reports collected from the web were
referred to for collection of industry statistics and growth trends.
Data was also collected through interviews with the organization head in order to gain
information about the organization’s history and important landmarks.
3
Organization Profile
History and Important Landmarks
Quantum Technologies was started by Ms. Suchitra Kulkarni and Mr. Atul
Kulkarni in the year 2002. Ms. Suchitra is the proprietor of the firm while Mr.
Atul is the Chief Executive Officer. Mr. Atul had a work experience of more than
20 years at the time of inception of the firm. Ms. Suchitra had also worked with
SBI for 13 years before taking a voluntary retirement.
The firm initially started dealership of water treatment chemicals with the help of
some family members who were in the field. The firm also started manufacture
and sale of water treatment equipments such as water softeners and RO water
purifiers in industries and other commercial establishments. But the door-to-door
marketing required for these markets was not very feasible for the firm at that
stage.
It later on started application of ceramic chemicals and anti corrosive coatings.
The firm also started manufacture of fibre glass sheets. But the firm was not able
to establish itself in these markets due to logistics issues and low quality products
given by the suppliers.
Mr. Atul was first introduced to epoxy flooring in 2004 at a company in Nasik
where the firm was providing anti corrosive coating application. He met Mr.
Puneet who was an applicator from STP and was overlooking the epoxy flooring
job being done by STP for the company.
Mr. Puneet introduced Mr. Atul to Mr. Parth Sarthi who was the CEO of STP,
Gurgaon. Mr. Parth agreed to start a business association with Mr. Atul as a
material supplier for epoxy flooring
Later on Mr. Atul and Mr. Puneet decided to do business together as applicators
for epoxy flooring. The firm would purchase the epoxy material from STP and
apply it as flooring in industries.
The firm than started buying material from SIKA but the profit margin was very
low. The business association with Mr. Puneet also came to an end.
4
Then the firm started taking material from CONPRO which was providing epoxy
at a lower cost than SIKA and thus provided an opportunity to earn sufficient
profit.
The first important order which the firm received was for epoxy flooring in Bright
Autoplast in Chennai. The management was satisfied with the work and gave a
further order for flooring in its Pondicherry plant.
At Pondicherry, the firm got an order for flooring in Whirlpool’s plant which was
situated near the Bright Autoplast’s plant. Whirlpool then gave a further order of
flooring at its Pune plant.
The firm started getting orders based on the quality of their application and
material and repeat orders were given by companies who were satisfied with their
work. Thus the firm was able to satisfy its customers and earn their trust.
The firm then focussed on expansion in the supply chain and decided to
manufacture epoxy material. The firm got in touch with suppliers who provided
raw material to CONPRO for epoxy manufacturing and procured the raw
materials and also the ratio in which the mixing of the raw materials should be
done.
By manufacturing epoxy, the firm was able to get a larger share of the profit and
was able to provide flooring at a cost which was very competitive in the market.
As more orders started coming in, the firm decided to open its branches in Pune
and Hyderabad. The branches in these cities were independent firms having profit
sharing association with Quantum Technologies and were based on a semi-
franchise model.
Today the company has over 50 customers across the country including Samsung,
Panasonic, Endurance Chemicals, Suzuki, DLF, Dabur, Piageo, Piramel
Healthcare, BHEL and Hindustan Aeronautics, and also outside India in
Mozambique and Namibia. The firm is growing at an annual rate of
approximately 30-40 % per annum.
5
Growth Rate and Annual Turnovers
Financial Year Turnover (in Rs. Lakhs) Growth Rate (In %)2002-03 5.80 N.A.2003-04 17.00 193.10342004-05 35.62 109.52942005-06 27.02 -24.14372006-07 33.00 22.131752007-08 50.78 53.878792008-09 54.18 6.6955492009-10 89.45 65.097822010-11 186.56 108.56342011-12 268.68 44.018012012-13 338.10 25.83743
Current Services and Future Plans
The organization currently provides epoxy flooring solutions in industries and
commercial establishments. It also manufactures epoxy resin for use in its flooring
applications. Concrete polishing is also done by the organization but it is still in its
nascent stage.
The firm plans to further expand its epoxy flooring market and the manufacture of epoxy
resin by adding more applications such as protective coatings and covering. It also plans
to diversify and include Poly Urethane flooring in its services as well. The concrete
polishing service is still in its nascent stage and the firm will wait to take a decision on its
future.
6
Industry Profile
Introduction
The industrial flooring sector is one of the fastest growing sectors in the country. The
type of flooring used in the workshop of any factory affects the productivity and
efficiency of the factory, which makes industrial flooring a very important point of
consideration for any industry. In fact, pharmaceutical and food grade industries have
norms which require the floor to be anti fungal and dust free. Thus the demand for
industrial grade flooring will remain substantial in the foreseeable future.
7
This report has considered only three types of flooring which are relevant to the
organization namely Epoxy Flooring, Poly Urethane Flooring and Concrete Polishing.
The former two can be classified as chemical flooring while the latter can be classified as
non-chemical flooring.
Types of Industrial Flooring
Chemical Flooring
Epoxy Flooring
This type of flooring is one of the most common types of flooring in the industry because
it is less expensive, can be easily replaced and has strength and aesthetic appeal. It also
has high resistance to chemicals and also provides a slip-free surface for the factory floor.
The floor can support heavy machinery as well without any cracks or breakage due to
high compressive strength. The lack of grout lines prevents accumulation of particulates
which makes it very easy to clean and ideal for factories where dust and chemicals are
common. The anti fungal properties also make it suitable for environments where
cleanliness and hygiene is given priority such as food and pharmaceutical industries. Its
glossy appearance makes it an attractive option for commercial establishments as well
such as malls, restaurants and hospitals.
8
The flooring is initially in liquid form in two parts, hardener and resin. When these two
components are mixed in a specific ratio, they solidify over a period of a few hours to
form epoxy. Sand is also added to the mixture depending on the floor conditions and
levelling requirements. Epoxy flooring is different from epoxy coating, which has a
thickness of less than 2mm and acts as just a protective cover with no load bearing
ability.
Epoxy flooring has been there since the 1980’s and has witnessed a number of changes in
terms of technology and applications. The epoxy resin market experienced a serious
downturn in 2009, which brought the industry back to 2005 levels. But since 2009, the
market has witnessed growth due to growth in end use industry, improvements in
technology and manufacturers coming up in the domestic markets. According to the
report “Global Epoxy Resin Market by Application and Geography – Market estimates
up to 2017”, the global epoxy resin markets was worth $5.5 billion in 2011 and will be
worth $8.4 billion by 2017. The growth will be driven by markets in the Asia-Pacific
region with emerging economies like India and China playing a major role.
Poly Urethane Floors
PU floors are similar to Epoxy floors and have better flexibility and resistance to
temperature changes which prevents it from developing cracks. But it has marginally less
abrasion and chemical resistance and is more expensive as compared to epoxy. Currently,
PU floors have not gained a significant market in the flooring sector with Epoxy flooring
as a much more affordable and effective alternative. But with improvements in
technology, PU floors are steadily becoming a viable option to consider and are proving
to be major competitor for epoxy.
9
The Chemical Flooring Market
According to the report on construction chemicals by FICCI in January 2013, the flooring
sector was worth Rs. 400 crores in 2012 which is 14% of the total construction chemical
market in the country. The Indian construction chemicals market as a whole has
witnessed a growth rate of 17% from 2007 to 2012 and is expected to grow at 15-20%
per annum over the next few years. The top five market leaders namely Dow Chemicals,
Momentive, Huntsman, Nan Ya Plastics and Jiangsu Sanmu Group have more than 50%
of the market share, while the remaining is shared by domestic and unorganized entities.
10
Following is a brief on some major players in the market.
Nan Ya Plastics
Nan Ya Chemicals is a part of the Taiwanese Formosa Plastics Group which is one of the
largest private conglomerates globally. The company started manufacture of epoxy resin
in 1988. Since then their production capacity has expanded from 18000 Metric tonnes
production in 1988 to approximately 30000 metric tonnes today. Nan Ya chemicals has a
major role in the chemical industry of China, which accounts for 26 % of the global
construction chemical market.
Huntsman Advanced Materials LLC
Huntsman is a key market leader in the epoxy resin market and supplies epoxy and
polyurethane based products. More than 6000 companies around the world use Huntsman
materials for varied applications such as adhesives, coatings, construction, power
transmission and distribution etc.
The company struggled in 2012, with sales decreasing by 3% to about $1.3 billion and
profit before tax decreasing by 17% to near $92 million. But the Poly Urethane unit of
the firm saw a gain of more than 10% in sales to almost $4.9 billion with profit before tax
increasing by 60 % to $772 million.
Dow Chemicals
Dow is one of the three major market players in the epoxy resin market. Dow chemicals
reported annual sales of around $60 billion and employed 52000 people in 2011. In the
Asia Pacific region, Dow has almost doubled its number of plants and employees since
2008, with the revenue increasing from $6.2 billion to $10.2 billion. The region today
contributes to 18 per cent of Dow’s global sales.
11
Non-Chemical Flooring
Polished Concrete
This type of flooring is an alternative to epoxy / PU flooring options which is much more
durable and environmental friendly. The floor is not replaced or covered up, but the
existing floor itself is worked up to give a glossy and workable surface. The aggregates of
the concrete are exposed which provide a beautiful design. The aggregates can be
selected to be of a specific shape and colour before the concrete is laid so as to provide a
customized finish to the floor when the polishing of the surface is done. The floor can
also be coloured and designs can be made into the floor as well such as company logo
etc. Concrete polishing is basically done by two methods, dry and wet polishing. Dry
polishing is done nowadays by addinga vaccum dust extractor to the grinding machine.
The colouring of the floor can be done with the help of admixtures, Shake-on colour
hardeners, Penetrating chemical stains and Dyes. Recent developments such as diamond
tooling have made polished concrete a very viable option. Some benefits of concrete
polishing are discussed below.
Cost Effectiveness: Concrete polishing is much more cost effective as there is no
covering so cost of maintaining is less than other types of floors.
Moisture control: Concrete polishing does not block the pores of the concrete and
thus the moisture present in the floor or on the sub-floor level is easily transmitted
through the floor. This removes the possibilities of any issue such as bubbling or
peeling.
Versatile: The polishing level can be decided based on the gloss or sheen required
and the purpose for which the floor is used.
No extra material: As polished concrete is achieved by working the floor itself, no
extra material is needed for the floor and it essentially remains the same.
Current Trends
12
Importance of Quality: The market is dedicated to improve the quality of flooring
as there is an increasing demand for high quality, high price products. Also, with
the market shifting towards developing economies, stringent regulations are
sometimes necessary to ensure that cost cutting does not lead to sacrifice of
quality. Indian corporations have started adopting some quality measures,
especially those involved in export as lack in quality can lead to rejection of
whole batch.
Globalization: The growth in the construction industry is driven by the increasing
demand in emerging economies such as India and Brazil. Ever since India has
adopted an open market system, it has witnessed phenomenal growth which has
lead to increasing demand for infrastructure and construction services. Also, due
to low labour cost and easy availability of raw materials, many corporations have
established plants on these countries. This has lead to the whole construction
sector shifting ‘southwards’ so to say, with China now producing almost a quarter
of global production.
Low cost raw materials: With globalization also comes low cost of raw materials
which can be easily imported, and can be a deciding factor between competitors.
Companies need to select the right supplier for the right cost and the right price.
Government Regulations: Across the world, more emphasis is being laid on
energy conservation and energy efficiency. Special industrial flooring has a
substantial impact on improvement of efficiency and thus the market can benefit
from these regulations. Governments also encourage foreign investment which in
turn opens up the market to new players which correspondingly leads to low casts
and better quality.
Major challenges for Indian market:
13
Low entry barriers: There are very few barriers for the recent boom in the sector
has lead to an increase in the number of organizations entering the market,
especially in the unorganized sector. There are a lot of unorganized players in the
market, which increases competition and reduces the profit margin significantly.
Lack of Skilled workforce: Handling of flooring chemicals needs training and
expertise which is not present in majority of labourers. This leads to loss of
quality and restricts the growth of the sector. So every organization needs to
provide training to workers to ensure quality and performance. This leads to
higher costs in an already competitive market.
Price sensitive market: The demand in Indian industry is for high quality at low
price, which makes them unwittingly choose low quality substitutes due to lack of
awareness. The initial cost is given more importance as compared to the running
cost.
Low awareness: Although major industries and corporations are aware of the
advantages of proper industrial floors, the small and medium enterprises do not
feel the need to change and are making do with outdated flooring types like kota
stone etc. They are also not aware of the cost reduction and also how to use the
floor once it is installed.
Factors Affecting Future Growth
Boom in Construction Industry: The major reason for this growth is the
corresponding boom in the construction industry which is expected to grow by 1.9
times over the next five years due to foreign and domestic investments which is
expected to increase two fold in the next five years. This will also result in a
corresponding increase in the demand for construction chemicals and building
services. Infrastructure projects especially in emerging economies make sure that
future growth remains consistent.
Increasing awareness among end users: Entry of foreign companies in the
construction sector has increased the awareness of end users in the industry which
are becoming more aware of latest technology and developments. The
14
unorganized sector was not initially very aware about the uses of industrial
flooring but now more and more companies are adopting such flooring options.
Changing government regulations: Energy efficient green buildings will drive the
need for energy efficient flooring systems which increase productivity and
efficiency by providing a conducive environment for growth.
Organization Data and Analysis15
Profit and Loss Account
PROFIT AND LOSS ACCOUNT For the year ended
2012-13 2011-12 2010-11
(Amount in Rs.Lakh) Number of months 12 12 12 Net sales 337.82 268.63 186.56 Operating income 337.82 268.63 186.56 Cost of sales 305.85 248.49 172.44 OPBDIT 31.97 20.14 14.12 Interest and finance costs
8.25 4.91 2.88
OPBDT 23.72 15.23 11.24 Depreciation 1.16 1.39 1.64 OPBT 22.56 13.84 9.60 Non-operating income / (expense)
0.34 0.06 0.07
PBT 22.90 13.90 9.67 Extraordinary income / (expense)
- - -
Reported PBT 22.90 13.90 9.67 Provision for taxes - - - Deferred tax liability / (asset)
- - -
PAT 22.90 13.90 9.67 Dividends - - - Net cash accruals 24.06 15.29 11.31
Net sales for the year ended March 31, 2013 have increased significantly as compared to
the previous year due to increase in customer base and increased repeat orders from
Endurance Technologies Limited, Samsung Electronics Private Limited, and DLF
Limited, Hindustan Aeronautics Limited. The new customers contributed to 10.00 per
cent to total revenues earned during 2012-13.
Balance Sheet
16
BALANCE SHEET As on
31-Mar-2013 31-Mar-2012 31-Mar-2011
(Amount in Rs.Lakh) Liabilities Tangible net worth 13.61 12.93 14.61 Deferred tax liabilities / (assets)
- - -
Long-term debt 31.56 4.74 29.75 of which, current portion of long-term debt
- - -
Short-term debt 17.86 18.04 9.63 of which, working capital borrowing from banks
17.86 18.04 9.63
Other liabilities and provisions
24.72 33.33 39.70
Total liabilities 87.75 69.04 93.69 Assets Net fixed assets 6.17 6.94 7.97 Investments 1.49 0.77 0.72 Inventory 18.30 27.40 52.06 Receivables (total) 24.88 26.23 24.56 of which, receivables greater than six months
- - -
Cash and bank balance 2.62 0.49 0.21 Other current assets 34.29 7.20 8.17 Total assets 87.75 69.03 93.69
Key Financial Ratios
KEY FINANCIAL RATIOS For the year ended / as at
31-Mar-2013 31-Mar-2012 31-Mar-2011
OPBDIT margin Per cent 9.46 7.50 7.57 PAT margin Per cent 6.78 5.17 5.18 Return on capital employed
Per cent 63.09 41.94 NM
Gross current assets
days 81 81 165
Days inventory (on COP)
days 22 40 110
17
Days receivable (on gross sales)
days 27 36 48
Days payable (on materials)
days 30 55 81
Current ratio Times 1.88 1.19 1.72 PBDIT Interest cover
Times 3.92 4.11 4.93
Net cash accruals/Total debt
Per cent 48.68 67.12 28.72
Debt service coverage ratio
Times 3.09 5.00 NM
Average cost of borrowing
Per cent 22.85 15.80
Total outside liabilities/Tangible net worth
Times 5.45 4.34 5.41
Gearing - Total debt/Tangible net worth
Times 3.63 1.76 2.70
Gearing (not including promoter loans as debt)
Times 3.59 1.68 2.45
OPBDIT margins for the year March 31, 2013 have increased as compared to previous
year on account of repeat orders from DLF Limited, Hindustan Aeronautics Limited,
Endurance Technologies Limited, Samsung Electronics Private Limited and orders from
new customers.
Average cost of borrowings increased as compared to previous year due to term loan
availed from Bank of Maharashtra.
Fund flow Statement
18
FUND FLOW STATEMENT For the year ended
31-Mar-2013 31-Mar-2012
Sources of funds (Amounts in Rs.Lakh) Net cash accruals 24.06 15.29 Equity infusion / Share application money
- -
Long-term debt borrowed (net) 26.82 - Short-term debt borrowed (net) - 8.41 Decrease in net current assets - 17.26 Sale of investments / fixed assets
- -
Other sources - - Total sources of funds 50.88 40.96 Uses of funds Investment and fixed assets purchased
0.39 0.37
Decrease in tangible net worth 22.22 15.58 Long-term debt repaid (net) - 25.01 Short-term debt repaid (net) 0.18 - Increase in net current assets 28.10 - Other uses - - Total uses of funds 50.88 40.96
Decrease in tangible net worth as on March 31, 2013 pertains to withdrawal of reserves
by the proprietor which were used by the proprietor for purchase of residential flat in
individual capacity.
Turnover, Business Growth and Profitability Trends
19
Industry Comparison and Recommendation:
20
The organization has shown a growth pattern which is similar to the growth pattern of the
industry as a whole. The global recession of 2008 had an impact on the whole industry
and also the growth pattern of the organization, but from 2009-13 the industry and
organization both have witnessed exponential growth. The industry is expected to grow at
15-20% per annum over the next five years, and thus the company can also expect a high
growth period in the near future. But the organization needs to take the following points
into consideration in order to fully utilize this growth opportunity.
Effective marketing and end user awareness: The Indian market needs to become
aware of the advantages of using special flooring solutions. Thus the marketing
should be done to focus of making consumers aware of the uses and cost cutting
opportunities which they can avail by using floors.
Skilled Labour: Product application techniques and effective formulation by
workers can make the floors more durable and high quality at the same cost,
which would correspondingly increase the goodwill of the company.
Product Innovation: The organization is not currently incorporating R&D in its
operations. Innovation is essential for success and thus the focus should be on
developing innovative products which will eventually overtake traditional
products.
Low Cost: Inventory management and other operation methods can have a huge
impact on the overall cost of production and efficiency. Thus the organization
should employ effective inventory management systems and quality control.
References
21
Annual Report for Dow Chemicals, 2012-13
Annual Report for Huntsman LLP, 2011-12
Annual Report for Nan Ya Plastics, 2012-13
Cipy S. Dr., 2014, The Birth and Rise of EPU Floorings in India, The
Masterbuilder, Pg. 64-68.
CRISIL SME Ratings, Quantum Technologies, 2013.
FICCI, Tata Strategic Management Group, 2013, A Report on Construction
Chemicals, 4th International Construction Chemicals Conclave.
Harris B., What does the future hold for Polished Concrete, Concrete Network
Hellstrom J., Life Cycle Assessment of Industrial Floors, Department of Industrial
Environmental Technology, Linkoping Univeristy.
Krishna R. N., and Bergstrand P., 2012, Concrete Floorings: A Green Approach
to Finishing New Concrete Overlays and Retrofit, 37th Conference on Our World
in Concrete and Structures, Singapore.
Manjrekar P. Dr., Gopal R. Dr., Deshpande M., The Key issues and Challenges in
The Chemical Industry in India.
Markets and Markets, 2012, Global Epoxy Resin Market By Application and
Geography – Forecasts up to 2017.
Mowrer N., Aviki C., Recent Developments in Epoxy Coatings, Ameron
International Protective Coatings Group, CA.
Sashi Rao K., 2007, Epoxy Resins: A Techno-Commercial Profile Part2: Indian
Scenario, Chemical Weekly, Pg. 185-187.
AnnexureSynopsis
22
AMITY UNIVERSITY -----UTTAR PRADESH-----
Amity Business School COMPANY REPORT
Student Name ROHAN KULKARNI
Enrollment No. A0102113012
Programme MBA – Entrepreneurship
Company's Name and Address
Amity Business SchoolAmity Business School, Sector-125, Noida201303
Industry Guide
Name
Designation
Contact Number
Ph.(O) : (R) : Mobile : Fax : E-mail :
Project Information 1) Project Duration : (56 Days) a) Date of Summer Internship commencement (13/01/2014) a) Date of Summer Internship Completion (10/03/2014) 2) Topic Company Report: Quantum Technologies 3) Project Objective To analyze the various aspects of the company with respect to financial and business aspects 4) Methodology to be adopted
23
Secondary Research Methods and collection of data from industry reports and other publications. 5) Brief Summary of project(to be duly certified by the industry guide) Quantum Technologies is a proprietorship firm in Faridabad (Haryana) which provides flooring for industrial and commercial establishments. It was established in 2002 and deals in formulation and application of epoxy flooring and concrete polishing. Presently the company has about 20 employees and an annual turnover of Rs. 10-15 crore. The clientele of the company is spread out across the country with a majority of them situated in north India, and the rest in south and west India. Some of the important clients include L&T, Whirlpool, Samsung, Panasonic, Suzuki Motors, Piramal Healthcare, Metro stores and Piaggio vehicles. The future plans of the company are to provide more forms of industrial flooring applications to clients and also provide building services such as water proofing, roofing, sealing etc. Signature(Student)
Signature(Industry Guide)
Signature(Faculty Guide)
24