ISCA - CA Final - ICAI MAterial for Nov 2014 attempt

Link to download ICAI November 2014 - ISCA Material .


https://drive.google.com/?tab=mo&authuser=0#folders/0B2l0HKBlulhFWlVvYzhBakptZzA 

Adding a New Intermediary - Jabong's Market Penetration strategy

In dozens of India small towns, online retailers cannot deliver customers goods at their doorstep because of challenges ranging from poor road connectivity to fear of robbery. Jabong, one of Indias biggest fashion retailers, is doing the next best thing with its NextDoor service where customers can pick up what they have ordered online at the nearest coffee shop, petrol station or tour operator.

We are sitting on supply chain opportunity said Praveen Sinha, co-founder and managing director of the Delhi-based online fashion retailer which is piloting the most extensive initiative of its kind by an Indian company. The trial for the pickup service will start this week in 39 towns, among them are Murshidabad in West Bengal, Chandausi in Uttar Pradesh, Dahod in Gujarat and Udhampur in Jammu & Kashmir. Our hypothesis is that if we can provide convenient delivery support then there is potential to get 70% of our demand from non-metros, said Sinha, whose company is the second-largest online fashion retailer after Myntra.

Jabong declined to share financial details but said it sold goods worth $25 million ( 125 crore) in the month of December, 2013. Jabong gets about 50% of its revenue from non-metro centres and Sinha expects small towns, so far not serviced by logistics partners, to contribute 15-20% to sales once the pickup service scales up.

India's online retail industry is estimated by Crisil to be worth more than 50,000 crore in 2016, but it is still hobbled by poor infrastructure. For example, logistics firms in India cover only a maximum of 15,000 out of the over 1.5 lakh pin codes in the country. Even where logistics can reach, orders above certain sizes or value are not delivered in many of the pin codes. Also, cash-on-delivery, the mode of payment chosen by about 60% of online shoppers, is not an option in many of these locations.

But growth for online retailers is coming from areas where physical connectivity is missing but not internet connectivity, especially through mobile phones. At Jabong, for example, mobile users now contribute 25% of its orders, up from less than 5% 15 months back.

In five years, the volume of orders from smaller towns will outstrip the demand from tier-I cities, said Manish Saigal, managing director at advisory firm Alvarez and Marsal. ? The problem for them (online retailers) is that serviceability of demand in these smaller markets is very limited at present.

Companies have begun to experiment with different services to overcome this challenge. Amazon India is running a pilot in Bangalore where its online customers can pick up orders from the small retail shops that dot the streets of Indian towns. It is also testing out a pickup service in Delhi and Mumbai, where customers can choose to claim their orders from Bharat Petroleum fuel retail outlets. In May, online marketplace ShopClues partnered with offline payments and remittances company Suvidhaa to collect cash payments before delivery of product from online buyers through the latter's network of over 65,000 small retail outlets spread across about 2,500 cities and towns.

Jabong is putting in place a series of processes for the pickup service. "We have built the technology platform through which we can put in place checks and balances at each handshake point," said Sinha.

The platform will help the company keep track of orders reaching the pickup centre and ensure that the order is handed to the right customer. Partners will be paid for every order they fulfil.

While such services are becoming a necessity, experts warn that issues like the service partners' ability to handle cash-on-delivery and technology can be problematic.

"How will they provide such services profitably and at scalethat's the challenge," said Alvarez and Marsal's Saigal. Jabong's Sinha said he is aware of the complexities and hopes to refine the process with the pilot before scaling it up. "The need is there in these small centres," said Sinha.

ISCA - CA Final Classes at Hyderabad for November 14 / May 2015 Attempt

ISCA - CA final classes @ SMS Professional Academy for CA will start from August 21st, 2014  (Nov 2014 / May 2015 attempt) 

Duration : 30 Days

Timings : 6.15 am to 9.30 am 

Faculty : Praveen Jain. 

For further details contact SMS Professional Academy for CA. 

Ph. no : 7893134111 / 7893234111

Plz spread the word..


SMS Academy - SR Nagar , Hyderabad

Lesson for life

HOW Rs.10,000 BECAME Rs.500 CRORES

Mohammed Anwar Ahmed, 60, resides in the sleepy town of Amalner in district Jalgaon, Maharashtra. His father owned a large farmland in the 1970's. The father's untimely death in 1980 left the four sons to lead different paths in their lives. They sold the land and divided the proceeds of Rs.80,000 equally among themselves. Mohammed, the youngest of the four, then aged 27, was married for two years and had a year old son. On parting with his brothers, he was at crossroads and did not know the path he should choose for himself as all his working life he had worked on the fields. His one brother left Amalner while the two started their own shops.

                                      WHAT'S SO SPECIAL ABOUT AMALNER?

In 1947, Chairman of WIPRO Ltd. and philanthropist Azim Premji's father Mohammad Hussain Hasham Premji set up the company's first plant here to manufacturer vegetable ghee, vanaspati and refined oils. It was then called Western India Vegetable Products Ltd. and had got listed on the stock exchange in 1946. Over the years many residents of Amalner worked at the plant and several residents were shareholders of the company. In 1966, Mr.Azim Premji became Chairman of the company.

                                                         A CHANCE MEETING

As Mohammed Anwar Ahmed sat near a tea shop in Amalner, a young stock broker from Bombay (now Mumbai) named Satish Shah stopped to ask a question. This meeting would change the life of Mohammed Anwar Ahmed. Satish Shah had come to Amalner to buy as many shares as he could on behalf of some clients in Bombay. The question that Satish Shah asked was : “Do you know anyone here who owns shares in that factory?” pointing to the WIPRO plant. Mohammed replied that the owners of the factory stays in Bombay. In short 15 minutes, Satish explained to Mohammed, how owning a share could make one a part owner in the company. This made Mohammed inquisitive and the meeting lasted for 30 more minutes. Mohammed helped Satish Shah go door to door to collect shares from willing sellers (in very small towns nearly everyone knows each other) and for himself bought 100 shares of Rs.100 face value, thus investing Rs.10,000 from the total of Rs.20,000 that he had. The rest, he invested in starting a trading business.

                                                    THE JOURNEY TO WEALTH

From then on Mohammed started to think himself as part owner of WIPRO (and rightly so) and vowed never to sell a single share till Azim Premji is at the helm. Here is how his initial investment of Rs.10,000 grew to over Rs.500 crores.

He had invested in 100 shares at face value of Rs.100 in 1980. The initial investment was Rs.10,000.

In 1981, the company declared a 1:1 bonus. He now had 200 shares.

In 1985, the company declared 1:1 bonus. He therefore had 400 shares.

In 1986, the company split the share to Rs.10. He thus had 4000 shares.

In 1987, the company declared 1:1 bonus. He hence had 8000 shares.

In 1989, the company announced a 1:1 bonus. Now he had 16,000 shares.

In 1992, the company declared a 1:1 bonus. By now he had 32,000 shares.

In 1995, the company declared a 1:1 bonus. He then had 64,000 shares.

In 1997, the company declared 2:1 bonus. He now held 1,92,000 shares.

In 1999, the company split the share to Rs.2. He now had 9,60,000 shares.

In 2004, the company declared 2:1 bonus. He thus had 28,80,000 shares.

In 2005, the company declared 1:1 bonus. He came to have 57,60,000 shares.

In 2010, the company declared 2:3 bonus. He now had 96,00,000 shares.

The current market price is Rs.500 per share. The shares are valued at Rs.480 crores.

In the past 33 years, the company regularly paid out dividends and increased them almost every year. Cumulatively he received Rs.118crores as dividend over the past 33 years. Thus by investing Rs.10,000, Mohammed gained Rs.598 crores.

He is now retired and donates freely to charity from the dividends he receives. His foreign educated children often advice him to sell the shares but he has kept his vow of not selling a single share till Mr.Azim Premji is the working Chairman.

This is a lesson - both in patience and conviction. 

Cheers :-) 

CA Final Classes at Hyderabad for November 14 Attempt for ISCA

ISCA - CA final classes @ Wizard  will start from August 1st , 2014  (Nov 2014 attempt) 

Duration : 25 Days

Timings : 6.00 pm to 9.00 pm  ( Evening Batch)

Faculty : Praveen Jain. 

For further details contact Wizard - The School of CA Studies 

Ph. no : +91 9866 365 700, 9701 399 245.

Plz spread the word..

Wizard - The School of CA Studies

Leader Speaks !!!!

Mail sent by Narayan Murthy to all Infosys staff:

It’s half past 8 in the office but the lights are still on… PCs still running, coffee machines still buzzing… And who’s at work? Most of them ??? Take a closer look…

All or most specimens are ?? Something male species of the human race…

Look closer… again all or most of them are bachelors…

And why are they sitting late? Working hard? No way!!! Any guesses??? Let’s ask one of them… Here’s what he says… ‘What’s there 2 do after going home…Here we get to surf, AC, phone, food, coffee that is why I am working late…Importantly no bossssssss!!!!!!!!!!!’

This is the scene in most research centers and software companies and other off-shore offices.

Bachelors ‘Passing-Time’ during late hours in the office just bcoz they say they’ve nothing else to do… Now what r the consequences…

‘Working’ (for the record only) late hours soon becomes part of the institute or company culture.

With bosses more than eager to provide support to those ‘working’ late in the form of taxi vouchers, food vouchers and of course good feedback, (oh, he’s a hard worker….. goes home only to change..!!). They aren’t helping things too…

To hell with bosses who don’t understand the difference between ‘sitting’ late and ‘working’ late!!!

Very soon, the boss start expecting all employees to put in extra working hours.

So, My dear Bachelors let me tell you, life changes when u get married and start having a family… office is no longer a priority, family is… and That’s when the problem starts… b’coz u start having commitments at home too.

For your boss, the earlier ‘hardworking’ guy suddenly seems to become a ‘early leaver’ even if u leave an hour after regular time… after doing the same amount of work.

People leaving on time after doing their tasks for the day are labelled as work-shirkers…

Girls who thankfully always (its changing nowadays… though) leave on time are labelled as ‘not up to it’. All the while, the bachelors pat their own backs and carry on ‘working’ not realizing that they r spoiling the work culture at their own place and never realize that they would have to regret at one point of time.

So what’s the moral of the story??

* Very clear, LEAVE ON TIME!!!

* Never put in extra time ‘ unless really needed ‘

* Don’t stay back unnecessarily and spoil your company work culture which will in turn cause inconvenience to you and your colleagues.

There are hundred other things to do in the evening..

Learn music…..

Learn a foreign language…

Try a sport… TT, cricket………..

Importantly,get a girl friend or boy friend, take him/her around town…

* And for heaven’s sake, net cafe rates have dropped to an all-time low (plus, no fire-walls) and try cooking for a change.

Take a tip from the Smirnoff ad: *’Life’s calling, where are you??’*

Please pass on this message to all those colleagues and please do it before leaving time, don’t stay back till midnight to forward this!!!

IT’S A TYPICAL INDIAN MENTALITY THAT WORKING FOR LONG HOURS MEANS VERY HARD WORKING & 100% COMMITMENT ETC.

PEOPLE WHO REGULARLY SIT LATE IN THE OFFICE DON’T KNOW TO MANAGE THEIR TIME. SIMPLE !

Regards, NARAYAN MURTHY.

"Grass on the other side is always GREENER!" BULL SHIT!

Life on the other side is always green. Is it true? Friends, this is true, because a person who is down, frustrated and does not love his life or what he does, is bound to fell that someone else's life is more greener than his/her his. The long instilled philosophy in all of us today, that if you do what your heart says you are more content and satisfied than when you are doing what someone else is expecting you to do is causing all the trouble. 

Truth is what you discover. Live your life and discover the truth of your life, your constraints, your situations, your problems, your answers, your happiness is too unique to you, live to make a great life out of your life's situations. Don't model in comparison to bill gates' life, neighbor's life or for that matter your brother's, parents' or your spouse's life. See what can make all happy. By not keeping others happy, you are digging your own grave.

If you can expect and tell yourself what you are expected to do is what you love to do, the problem gets solved if the question is of being content. But the ego doesn't allow this to happen, for your ego continuously reminds you of the fact that "you are adjusting.." you are not originally happy. That is the job of ego - can you believe it gets paid for it. It gets paid for it and it's returns are the no of issues it creates in your life.

The other facet of life is when you are expected to do things in a particular way and someone who is expecting you to do something is doing the same in an opposite way, it causes the greatest hurdle to accept what is happening and stay happy - the first thing that hits the mind is the comparison that "why are you expected to do when he/she can do the opposite". Life has sort of instilled in us through various media - the joy of ownership, the joy of having control. This has it's strengths and hazards. The hard side to it is we forget to draw the line, where to seek control, what to seek control in and when to let go; with whom to seek and with whom to let go. 

More the philosophies more the confusion. The greatest solution of life is in understanding that life is far more simpler than we all think it is. Nevertheless it may not be easy, as we all expect it to be. But it's simplicity lies in the fact that if you love what you get, you would sooner or later get what you love. The most toughest thing is to believe in this, because the distractions are many and at times when you are made to feel by the various media that surround you (including FB, tv, movies, newspapers etc) that your life is hell and others are having a ball, the horrendous effects of your ego/self image multiply. 

The more often you watch things you want to do, being glamorized and showing people really seeking pleasure out of it, the more you would want to do it.

One finest example that I would love to quote, is the way media has glamourized romance, love, relationships, outings, travels, which has made people seek all of this only to realize these no way fall close to the expected pleasure they might give that the media sets in us. It's an exaggerated view that is set in us and hence what follows is an exaggerate expectation. Life's purpose is to attend to the dreams of the collective set of most important people you love and ofcourse yourself eventually (but eventually is what we forget). 

Likewise in relationships the ego plays havoc. People have forgotten roles. The role of a pilot is to fly the plane and hostess needs to assist the passengers. We tend to think pilot can fly the plane the way he wants and he has complete control and is more fortunate than any of us. But we fail to realise he feels equally more responsible for all the lives, he is accountable, he is also flying an expected route, he is going through deeper and greater strain (mentally) so needs better relaxation and rest. A lot of us end up comparing that what we are doing is equally BIG and great and hence we deserve to enjoy and celebrate as much as the pilot does and we should be paid equally as well. 

If reason is we are not treated that well, because we are not pilots our ego is all set to argue that we have the capacity to be pilots as well. After becoming one we only realise it's not the post that makes us happy or something that our ego made us do, we would be happy even otherwise. Now the most important thing - In relationships roles have to be truly well understood and accepted and not compared. Comparison causes more damage than good it is capable of causing. It's best if we all did realize that It's happiness that makes us become the best of whatever post we are from.

If you are the manager you are made to sit in a cabin and if you are the receptionist you are made to sit at the reception table. It's not to give one more pleasure and other more pain. It's just the nature of the work. It's perception that counts.

A marital relation has similar roles. Having travelled the world am observing these divorce cases on a very large scale and the alarming rate at which they are increasing is not funny. It's simply because what is done by the wife is to be done by the husband and what is done by the husband is to be done by wife. Simply because they want it to be FAIR. I don't understand in between love and relationships where does the word FAIR come from. Fair needs to come when there is one job that is only giving pain and other only giving pleasure. It is general nature to believe that working and having a career is something that gives you pleasure, and home management is a painful & pitiable work. SO balancing that is fair. THIS make NO SENSE. 

Once a great man said "All work is just WORK" with equal pleasure and pain. If there is possibility of work sharing it should be done. If there is expertise it should be shared. For the sake of sharing it if things are divided then it makes chaos happen. It could be from small things to bigger ones. Why is it that woman gives birth to a child and not a man, why is it women look beautiful and not a man etc. Nature had a reason to make both the way they are and a lot can be learnt. Let roles be unique and not compared. Let the common goal be the upliftment of family and not the upliftment of an individual alone.

If this was understood - divorces would decrease. ":Why should i go through all the pain?" "why me always..?" " Why should it always be me who says sorry?" "why should i do all the work?" " why should I go through this, I dont deserve it.." "Why..." If you have felt all this then welcome to the club of people who just need to hold their ego with both their hands strangle it each time it comes when the person on the other side of grass is a loved one and for heaven's sake STOP COMPARING. No matter how much your tendency is to.

Life on your side is as green as that on the other side. IT's just that at times it's night on your side and day on the other side and at times it's day on your side (when you busy seeing your grass and have no time to see it's dark on the other side..) and night on the other side.

The grass has nothing to do with your life. Will you start loving your life and living it with what it offers you first and then expand the horizons beyond to ensure it compasses more and more in your arena, than comparing and keeping your life in a circle of small radius forever.

I know it's lengthy but it has depth equally (at least I presume). Open to read your comments...

Cheers -
Pj