SPANDANANGAL: LIC housing Project at Pattom

SPANDANANGAL: LIC housing Project at Pattom

LIC housing Project at Pattom

Life Insurance Corporation of India who boasts that everylife is insured with them has behaved in a manner that NOTHING IS INSURED when dealing with them.Regarding the above housing project of LIC they have now informed the allottees that they have terminated the project stating the reason the project not viable for LIC. The allottees are now fearing that there is a foul play and the failure from the part of LIC in performance of a contract entered with the public has triggered wide spread protest.
The LIC under the scheme invited applications from Indians including NRI's during October 2006 and the cost of application was Rs150/-The response was very high and LIC selected the alloottees througha Lucky Draw held on 22.04.2007.The cost of the flat was fixed at Rs20.46lac minimum and Rs25.73 lac maximum depending upon type of flat.LIC has accepted even the First instalment of sale price from the allottees whichranges from Rs4.70lakhs to Rs5.50lakhs.There were 52 allottees and from this one can understand the huge volume of money mobilised from the public and a Govt: institution finally shedding the project siting reason NOT VIABLE.There is a clear violation of the stipulated terms and conditions of the project.
A foundation stone was laid on December 18,2006 and now they have removed the same.So this is published to make aware the public that Nothing is Insured with LIC that tomorrow -- will they be saying that a particular insurance scheme is not viable and therefore we are returning the money to the policy holders?

PAPER BAG,COVER&SCREEN PRINTING sample project report

A SAMPLE PROJECT REPORT ON PAPER BAG, COVER MAKING AND SCREEN PRINTING
INTRODUCTION

Plastic, although considered as one of the greatest inventions by virtue of its use in carrying things has become a major element in polluting the environment. Kerala Government has imposed a ban on thin plastic carry bags and is likely to extend it to all the plastic carry bags, since they are bound to create health hazards. Eco-friendly paper carry bag is the only alternative and the Government has started encouraging the setting up of paper bag making units. Since there is lot of demand, paper bag making will certainly be a provider of self-employment.

With a view to have a better living by setting up a self-employment unit, we attended training at …………..for 15 days. By attending the above training, we acquired the knowledge and skill in paper bag making, cloth bag making and screen-printing. ………….. selected us for the training.

Entrepreneurship and Managerial inputs were also given to enable us to take up self-employment with confidence. Since the demand for the paper products are definitely going to increase, this proposal for setting up of a Paper bag Making and Screen Printing Unit is placed before you for sanction.
Promoter.

Details to be given

Market Analysis

The unit by name …… is proposed to be opened near……… There are no such units in the near vicinity. A market survey conducted as part of establishing the unit proved that here is ample scope for getting umpteen number of orders.

Land & Building
The unit will be established in rented premises. This is located on the roadside and proximity is an advantage for this activity.

Machinery & Equipments

The requirement of the machinery and equipments for the project is enclosed in the annexure.

Requirement of Raw Materials:

The required raw materials can be procured from the local market.

Paper, rope, eyelets, gum etc - Rs.20000

Man Power Requirement

The unit will provide direct employment to three to four persons. Part time assistance will also be there.
Sl.No. Particulars Nos. Wages/worker Total
1. Worker 2 1500 3000
2. Helper 2 500 1000
4000
Cost of project

Work shed - 15000
Racks - 8000
--------
23000

Machinery
Creasing Machine - 35000
Hole Punching Machine - 3000
Punch (Rs.100 x 5) - 500
Exposing Box - 6500
Screens - 2000
------------
Total - 47000
-------------
Furniture
Printing table - 6000
Mould - 4000
------------
10000
------------
Working Capital
Working capital requirement for procurement
of raw materials as above - 20000
Means of Finance
Contribution by the Promoter - 10000
Bank Loan - 90000
---------
Total - 100000
---------
Financial Viability
Covers - 25days x Rs.0.50 x 400 = 5000
Bag - 25 days x Rs.3.50 x 200 = 17500
Screen Printing - 15 days xRs.0.10 x 1000 = 1500
Visiting Cards - 10 days xRs.1.00 x 400 = 4000
Wedding Cards - 5 days xRs.2.00 x 300 = 3000
-----------
31000
----------
Expenditure
Variable cost
Materials - 15000
Wage - 4000
------------
19000
------------
Fixed Cost
Rent - 500
Electricity - 300
Depreciation - 500
Interest on Bank loan - 750
Insurance - 150
Repairs - 200
Admn. Exp - 300
Misc - 150
-------------
2850
-------------
Contribution = Sales - Variable cost
= 31000 - 19000
= 12000

Break Even point (BEP) = FC/Contribution
= 2850 /12000
= 23.75 %


Projected cost of Production & Profitability Statement

1st Year 2nd Year 3rd Year 4th Year 5th year
No. of Working days 320 320 320 320 320
Capacity utilization 100 100 100 100 100
A. Income 372000 390600 410100 430600 452100
B Expenditure
Raw Material 180000 180000 180000 180000 180000
Wage 48000 48000 48000 48000 48000
Electricity 3600 3600 3600 3600 3600
Rent 6000 6000 6000 6000 6000
Depreciation 6000 6000 6000 6000 6000



Interest on Bank Loan 9000 7700 5800 3600 1950
Insurance 1800 1800 1800 1800 1800
Repairs 2400 2400 2400 2400 2400
Admn Exp 3600 3600 3600 3600 3600
Misc 1800 1800 1800 1800 1800
Total (B) 262200 260900 259000 256800 255150
Profit 109800 129700 151100 173800 196950

Debt Service Coverage Ratio

1st Year 2nd Year 3rd Year 4th Year 5th year
Profit 109800 129700 151100 173800 196950
Depreciation 6000 6000 6000 6000 6000
Int. on loan 9000 7700 5800 3600 1950
124800 143400 162900 183400 204900
Payment of
Bank loan 18000 18000 18000 18000 18000
Int. on loan 9000 7700 5800 3600 1950
27000 25700 23800 21600 19950
Balance of Profit 97800 117700 139100 161800 184950
DSCR 4.62 : 1 5.58 : 1 6.84 : 1 8.49 : 1 10.27 : 1

Average DSCR = 7.16

The project is to break even at 23.75%. Average DSCR works out to 7.16, which takes care of the repayment obligation and the unit can generate income too. Since the group comprising of…. members does the masterwork the income generation is always bound to increase with further curbing down of expenditure.

Hence this proposal for setting up of a Paperbag, papercovers and screen printing unit is found to be technically feasible & financially viable.

Govt warns about ill-effects of mobile phone radiation

NEW DELHI: Warning people about harmful effects of radiation from mobile phones, the government has asked service providers and makers to avoid promotional advertisements showing vulnerable segments like children and pregnant women using cell phones. The electromagnetic waves emitted from mobile phones can seriously damage the tissues of the users' brain, according to recent guidelines issued by the Ministry of Telecommunication. The draft guidelines suggested measures like limited usage of mobile phones by children, pregnant women and people suffering from heart ailments. In India, the growth of mobile phones is very high and may cross 500 million by 2010-end, and a large chunk of the users are children. Many parents provide mobile phones to their children for safety reasons, and to keep connected with them all the time. The guidelines say that mobile phones/radio terminals radiate Radio Frequency energy that heats up the tissues which may be possibly harmful to human health. During use, mobile phones are usually kept closer to the ear which is very near to the brain giving rise to fears that continuous use of mobile phone for longer duration may damage some brain tissues. The report advises people to use hands-free, if longer use is unavoidable and recommends that children below 16 should be discouraged from using cell phones as the tissues of children are tender and are likely to be more affected.

Govt warns about ill-effects of mobile phone

EMail

NEW DELHI: Warning people about harmful effects of radiation from mobile phones, the government has asked service providers and makers to avoid promotional advertisements showing vulnerable segments like children and pregnant women using cell phones. The electromagnetic waves emitted from mobile phones can seriously damage the tissues of the users' brain, according to recent guidelines issued by the Ministry of Telecommunication. The draft guidelines suggested measures like limited usage of mobile phones by children, pregnant women and people suffering from heart ailments. In India, the growth of mobile phones is very high and may cross 500 million by 2010-end, and a large chunk of the users are children. Many parents provide mobile phones to their children for safety reasons, and to keep connected with them all the time. The guidelines say that mobile phones/radio terminals radiate Radio Frequency energy that heats up the tissues which may be possibly harmful to human health. During use, mobile phones are usually kept closer to the ear which is very near to the brain giving rise to fears that continuous use of mobile phone for longer duration may damage some brain tissues. The report advises people to use hands-free, if longer use is unavoidable and recommends that children below 16 should be discouraged from using cell phones as the tissues of children are tender and are likely to be more affected.

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