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