REPORT OF SUMMER TRAINING CONDUCTED

AT
METRO INFRASYS PVT LTD

Submitted in partial fulfillment of the requirements for the award of

the degree of

Bachelor of Business Administration (BBA)

To

Guru Gobind Singh Indraprastha University, Delhi

Guide Submitted by
(Ms. Sonal Ahuja) (Lakshay Dhamija)
(Assistant professor) (Enrolment No-03019101717)

Gitarattan International Business School

New Delhi -110085
Batch 2017-20

i
 Certificate

I, Lakshay Dhamija , Enrolment No.-03019101717 certify that the Summer Training

Report (Paper Code BBA-311) entitled “SUMMMER INTERNSHIP AT METRO INFRASYS
PVT LTD” is done by me and it is an authentic work carried out by me at B-92, Mayapuri
industrial Area, Phase-1, New Delhi - 110064. The matter embodied in this Report has not
been submitted earlier for the award of any degree or diploma to the best of my knowledge and
belief.

Signature of Student:
Date:

Certified that the Summer Training Report (Paper Code BBA-311) entitled “SUMMER
INTERNSHIP AT METRO INFRASYS PVT LTD” done by Mr..Lakshay Dhamija.
Enrolment No 03019101717, is completed under my guidance.

Signature of the Guide:

Date:
(Ms. Sonal Ahuja)
(Assistant professor)

ii
 Acknowledgement

I am using this opportunity to express my gratitude to everyone who supported me throughout

the course of this BBA project. I am thankful for their aspiring guidance, invaluably

constructive criticism and friendly advice during the project work. I am sincerely grateful to

them for sharing their truthful and illuminating views on a number of issues related to the

project.

The completion of project report on “Metro Infrasys” has given me immense pleasure and

knowledge.

Obligations were heavy during my project work and it is a great pleasure to acknowledge deep

sense of gratitude to my guide Ms. Sonal Ahuja for her valuable guidance, advice, positive

criticism, suggestion and constant encouragement throughout the project.

I would also like to thank sincerely to my cousins and friends for their help and guidance during

this task.

Last but not least we are thankful to all of them who directly or indirectly helped us in

completing this report successful

I express my warm thanks to Mr Ranjeet Choudary for their support and guidance at Metro

Infrasys pvt ltd .

LAKSHAY DHAMIJA

(03019101717)

iii
 CONTENTS

S.NO TOPIC PAGE

NO.

1. Certificate ii

2. Acknowledgement iii

3. List of Table v

4. List of Figures vi

5. Executive Summary vii

6. Chapter 1: Profile of the company 9

7. Chapter 2: Environment Analysis 31

8. Chapter 3: Data Presentation & Analysis 52

9. Chapter 4: Summary & Conclusion 64

10. Bibliography 67

iv
 LIST OF TABLES

SNo Table head PAGE NO

1 Directors 15

2 Company 16
details

3 Company 34
maturity

4 Product 37
maturity

5 Key clients 38

6 Key clients 38

7 Biggest 55
charges

8 Balance sheet 56
of company

9 Profit and loss 58

10 Important 59
ratios

11 Equity 61
shareholding

v
 LIST OF FIGURES

SNo Figure Head PAGE NO

1 SWOT analysis 33

2 Growth story 50

3 Organizational 51
chart

4 Operating 59
revenue of the
company
5 Capitalisation 60
by different
directors of the
company
6 Charge on 61
assets

7 Equity 63
shareholding

vi
 GITARATTAN INTERNATIONAL BUSINESS SCHOOL, NEW DELHI

SUMMER TRAINING PROJECT GUIDELINES

Introduction

The Summer Training Program (STP) forms an important component of education. It is an

attempt to bridge the gap between the academic institution and corporate world. Under this, the

students must undertake 8 weeks training at any organization during the Intervening period

between close of Semester IV and commencement of Semester V. The training, which would

be a simulation of real work environment, requires the students to undergo the rigor of

professional environment both in form and substance. It exposes them to technical skills, and

helps them to acquire social skills by drawing them into contact with real professionals.

For proper coordination and ensuring organized and smooth conduct, each student will also be

guided by Faculty of the institute. A representative of the industry/organization also guides the

student and assists the faculty in monitoring the student's progress.

Objective

STP is a vehicle for introducing students to real-life situation, which cannot be simulated in the

classroom. Therefore, STP assignments must necessarily be those of direct interest to the host

organization. Students are encouraged to take up time bound multi-disciplinary and goal-

oriented assignment involving team work. Solutions to various problems confronted in the

assignment might be open-ended, involving an element of analytical thinking, processing and

decision-making in the face of insufficient data parameters and uncertain situations.

SCOPE
vii
The project study is to be based on the functional area Marketing, Finance, HRM. Before

commencement of project study each student is to develop a synopsis in consultation with

his/her guide in the chosen functional area covering the broad aspects on which the data is

proposed to be collected and analysis is to be conducted. It may be noted that the chosen

functional area is not restrictive. If the student finds any other area interesting or otherwise,

they must explore it and comment on it in his /her report. Each student is required to carry out

the work and submit the report individually.

Each student is required to carry out the work independently and submit the Summer Training

Report individually fulfilling the laid down objectives. Any previous work or borrowed report

will be summarily rejected and in all cases of rejection the work is to be repeated afresh. It is

mandatory for each student to get the approval of the name of firm/company from the Industry

Institute Partnership Cell (IIPC) of the institute prior to commencement of training. Once the

name of firm/company is approved, it cannot be changed.

CONDUCT AND BEHAVIOUR The students during STP are placed in the role of

ambassadors of the institute. The Institute would always expect students to maintain

professional and social imprints of high standards in the organization. Institute expects the

students to abide by the rules and regulations of the place of work during training. It is

particularly important to be regular, punctual and well mannered at work. During the period of

training the student shall be subject to the leave rules of the STP organization and should ensure

strict adherence to the timings of the organization. Unprofessional behaviour, misconduct,

indiscipline, irregularity at work and unsatisfactory performance will lead to cancellation of

STP.

viii
During the period of study, it is imperative that students maintain a diary/ notebook for

recording activities observed & carried out. Gather secondary data by obtaining company

documents, manuals, information booklets/leaflets, product lists, price lists catalogues, annual

reports publicity material etc. 1. Identify the Business Establishment 2. Join the organization

/ get attached as a Trainee 3. Maintain attendance record & diary 4. Involve & observe their

conduct of activities/ working or execute the assigned tasks 5. Procure certificate of attendance

and completion of summer project from concerned authority / officials on satisfactory

completion of the Summer Training.

Along with the data, following general information is to be collected by the student irrespective

of their functional areas/topic etc. 1. Sales performance for last five years (Product wise if

possible) a) In Units b) in Rupees. 2. Number of Employees, different section wise with due

classification like skilled, semiskilled, unskilled workers, officers, managers, etc. 3.

Organizational Charts (with Explanation). 4. Annual Reports for last 3 years. 5. List of

Competitors. 6. Other relevant information such as future plans, export strategy, market share

etc.

FACULTY GUIDANCE

Every student is assigned a Faculty Guide at the beginning of the STP. The role of the Faculty

Guide is to enable the student to undertake a meaningful project, provide the necessary

academic guidance, and to facilitate evaluation, along with the aid of the company guide, while

STP is in progress. The Faculty Guide will be involved at all stages of the project.

During these interactions, the student would be informed about his/her performance, progress

in the project, his/her strengths and weaknesses as observed through various evaluation
ix
components and also ways for improvement. However, the student also has the responsibility

to seek clarification from the respective faculty on all the above aspects regularly.

DATA COLLECTION

Source of Data Collection: Give source of data for each type of data that is included in the

report. Data could be Primary or Secondary-clearly describe.

Students are to collect data in any key functional areas (such as Marketing, Human Resource

Management, Finance etc) of the company and present analysis. Based on the policy, Institute

has developed following templates for collecting data in structured manner:

Template 1: For Environment Analysis (Compulsory for All) Template 2: For Functional

Analysis – Marketing Template 3: For Functional Analysis – Finance Template 4: For

Functional Analysis – HRM

DATA PRESENTATION

Raw data (primary or secondary) collected must be reduced to standard formats such as tables,

charts, graphs, diagrams etc and is to be presented. The tool for data presentation should be

suitably selected so that interpretation and inferences could be drawn easily and become self

explanatory. Proper titles, legends, scales, source (s) etc must be mentioned along with each

diagram.

UNIVERSITY SCHEME FOR SUMMER TRAINING

x
As per the syllabi of BBA (Paper No BBA-311 with six credits) students of Semester IV are to

carry out summer training in a firm or company for the duration of Eight Weeks and to submit

a report within Six Weeks of the commencement of Fifth Semester. The evaluation of report

has two components, viz.

(a) External : 50 Marks; it involves external viva. (b) Internal : 50 Marks; phase wise

evaluation.

REPORT STRUCTURE / CONTENTS:

1. Cover & Title page

2. Introductory pages:

• Certificate of completion (on the letter head of the organization) • Acknowledgement(s) •

Table of contents • List of Tables / Figures / Abbreviations used etc

3. Executive Summary: This includes the summarization / précis of the entire project in around

2-3 pages.

4. Chapter 1

4 Introduction to the Organization and Industry This section should contain: a. Introduction to

the Industry (detailed) b. Introduction to the Organization / Products (detailed) c. Scope of the

study

Objective(s) of the study: This section should contain: Solutions to various problems confronted

in the asignment might be open-ended, involving an element of analytical thinking, processing

and decision-making in the face of insufficient data parameters and uncertain situations.

xi
Methodology: This section would include the plan of the study – method of data collection,

instruments used tools & techniques of analysis, limitations of study.

5. Chapter-2: Environmental Analysis

Use suitable model to carry out analysis of the organisation comprising of: a. Strengths &

Weaknesses of the company. b. Best practices/USPs that the company follows in different

functional areas such as Marketing, HR, and Finance etc. c. Discuss variations/deviations in

practices followed by the firm/company in comparison to standard management practices.

6. Chapter-3: Data Presentation & Analysis

Observations, Analysis & Discussion: This part can be covered depending upon the coverage

of the study. (Try to make use of the relevant management techniques / skills / policies; data

presentation and statistical analysis in the report)

7. Chapter-4: Summary & Conclusions Recommendations / Suggestions: These should be

based on the usefulness of the study, applicability in business industry, in decision making, in

system development and so forth. Summary / Conclusion: The project should be summed up

with a rundown of the project in its entirety.

8. References / Bibliography 9. Appendices: Should include Questionnaires (if any) etc.

xii
 EXECUTIVE SUMMARY

Metro Infrasys Pvt Ltd, headquartered in New Delhi, India, is an emerging expert technology

provider in the field of intelligent transportation systems. Metro Infrasys has set its service,

integration and development centre as per the international standards at IMT Manesar, Gurgaon

(Haryana). The company has made state-of–art mock lane through which it demonstrates

various technologies for tolling, traffic management and parking. The facility is also being used

for simulation, testing, innovation, and training. Chief Executive officer of Metro infrasys pvt

ltd is Satish Bhatia.

Drawing on comprehensive research and collaboration with the world’s leading companies,

Metro Infrasys provides the best available customized solution in the field of traffic

management. Metro Infrasys adapts world’s best technology with local knowledge and

expertise suitable for Indian subcontinent’s environmental and operational conditions

I have done work in field of finance and accounting department and my job.

This is the internship report based on the two month long internship program that I successfully

completed at Metro infrasys Pvt. Ltd. under the finance Division from 1st June,2019 to 31st July

2019 as a requirement of my undergraduate BBA program, GURU GOBIND SINGH

INDRAPRASTHA UNIVERSITY. As being completely new to corporate world setting, every

period spent in the Finance Department gave me some amount of experience all the time, all of

which cannot be explained in words. But nonetheless, they were all beneficial for my career.

This report is based on my findings which I gathered during the two month period through

personal observation. This report is a brief description and summary of my work that I

performed during the internship period at metro infrasys Pvt. Ltd. The company works as a

disbursement agent for transportation management industry, the company which makes proper

use of intelligent transportation system, Metro infrasys Pvt. Ltd. is a service oriented

organization established with the objective of providing professional and high level services in
xiii
aspects of transportation management all over the world. During the course of internship in

Metro infrasys Pvt. Ltd., I worked in the finance division of metro infrasys in the Head Office

at Mayapuri , New Delhi. The finance division looks after the various financial decisions and

strategical information necessary to make various decisions. The department is also responsible

for business development of the company; this requires the department to reflect the market

share and position of the organization through the medium of various distribution agents. The

internship program provided me with a great opportunity of being exposed to real business

dealings and a chance of professional insight which would help me in the future. The theoretical

knowledge about my subjects became potent and strong with the help of such practical

implication. I was able to analyse the financial strategies, how to deal with other companies and

also the financial records of metro infrasys Pvt Ltd. In my opinion METRO INFRASYS PVT

LTD is well coordinated and well organised organisation with a motivated workforce with a

motive to manage the transportations problem easily with less expenditures.

xiv
ii
 CHAPTER-1

INTRODUCTION

1.1 Introduction to industry and organisation

1.1.1 Introduction to industry

The Advanced Traffic Management System (ATMS) field is a primary subfield within

the Intelligent Transportation System (ITS) domain. The ATMS view is a top – down

management perspective that integrates technology primarily to improve the flow of vehicle

traffic and improve safety. Real-time traffic data from cameras, speed sensors, etc. flows into

a Transportation Management Center (TMC) where it is integrated and processed (e.g. for

incident detection), and may result in actions taken (e.g. traffic routing, DMS messages) with

the goal of improving traffic flow. The National ITS Architecture defines the following primary

goals and metrics for ITS:

1.Increase transportation system efficiency,

2.Enhance mobility,

3.Improve safety,

4.Reduce fuel consumption and environmental cost,

5.Increase economic productivity, and

6.Create an environment for an ITS market.

(a) Advanced Traffic Management History

In 1956, the National Interstate and Defense Highways Act initiated a 35-year $114 billion

program that designed and constructed the Interstate highway system. This hugely successful

program was mostly complete by 1991, and the era of build-out was over. In the mid to late

1980s transportation officials from Federal and State governments, the private sector, and

universities began a series of informal meetings discussing the future of transportation. This

included meetings held by the California Department of Transportation (Caltrans) in October

1
1986 to discuss technology applied to future advanced highways. In June 1988 in

Washington, DC, the group formalized its structure and chose the name Mobility 2000. In

1990, Mobility 2000 morphed into ITS America, the main ITS advocacy and policy group in

the US. The initial name of ITS America was IVHS America and was changed in 1994 to

reflect a broader intermodal perspective. The 1991 Intermodal Surface Transportation

Efficiency Act (ISTEA) was the first post-build-out transportation act. It initiated a new

approach focused on efficiency, intelligence, and intermodalism. It had a primary goal of

providing “the foundation for the nation to compete in the global economy”. This new

mixture of infrastructure and technology was identified as an Intelligent Transportation

System (ITS) and was the centerpiece of the 1991 ISTEA act. ITS is loosely defined as “the

application of computers, communications, and sensor technology to surface transportation”.

Subsequent surface transportation bills have continued ITS funding and development. In 2005

the SAFETEA-LU (Safe, Accountable, Flexible, Efficient Transportation Equity Act: A

Legacy for Users) surface transportation spending bill was signed into law.

(b) ATMS functional arears:

1.Real-time traffic monitoring

2.Dynamic message sign monitoring and control

3.Incident monitoring

4.Traffic camera monitoring and control

5.Active Traffic Management

6.Chain control

7.Ramp meter monitoring and control

8.Arterial management

2
9.Traffic signal monitoring and control

An intelligent transportation system is an advanced application which, without embodying

intelligence as such, aims to provide innovative services relating to different modes of

transport and traffic management and enable users to be better informed and make safer, more

coordinated, and 'smarter' use of transport networks

1.1.2 Introduction to Company

Metro infrasys private limited

Sachin Bhatia, founder and CEO of Metro Infrasys Pvt. Ltd, is an engineer by qualification.

He has worked in more than 20 tolling projects comprising of more than 300 lanes over the past

decade. Sachin is always on the lookout for developing new technologies for more innovative

and advanced solutions for highway and urban traffic and parking controls. He has also been

an active speaker in a number of international conferences.

Metro Infrasys Pvt. Ltd., headquartered in New Delhi, India, is an emerging expert technology

provider in the field of intelligent transportation systems. The company has its service,

integration, and development center at IMT Manesar, Gurgaon, India. Through state-of-the-

art simulation techniques by employing mock lanes, the company incorporates diverse

technologies to implement tolling, traffic management, and parking. Metro Infrasys adapts

world-class business technologies with local knowledge and expertise to suit India’s

environmental and operational conditions. The company collaborates with international

technology-oriented organizations such as IBM, Kapsch, etc. In ITES, Metro Infrasys deals

with highway intelligent transportation system (such as toll management system, highway

traffic management system, weigh-in-motion, check-post, etc.) and urban intelligent

transportation system (such as traffic enforcement-red light and speed enforcement system,

3
parking management and guidance system, etc.). The company also operates offices in the

United States.

(a) Company History

Metro Infrasys Private Limited is a Private incorporated on 04 August 1998. It is classified as

Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share

capital is Rs. 5,000,000 and its paid up capital is Rs. 2,000,000

The company has its service, integration, and development center at IMT Manesar, Gurgaon,

India. Through state-of-the-art simulation techniques by employing mock lanes, the company

incorporates diverse technologies to implement tolling, traffic management, and parking. Metro

Infrasys adapts world-class business technologies with local knowledge and expertise to suit

India’s environmental and operational conditions. The company collaborates with international

technology-oriented organizations such as IBM, Kapsch, etc. In ITES, Metro Infrasys deals

with highway intelligent transportation system (such as toll management system, highway

traffic management system, weigh-in-motion, check-post, etc.) and urban intelligent

transportation system (such as traffic enforcement-red light and speed enforcement system,

parking management and guidance system, etc.). The company also operates offices in the

United States.

(b) Directors

The company has 4 directors and no reported key management personnel.

The longest serving directors currently on board are Dolly Bhatia, Sachin Bhatia and Satish

Bhatia who were appointed on 04 August, 1998. They have been on the board for more than 21

years. The most recently appointed director is Amina Bhatia, who was appointed on 02 January,

2006.

4
Satish Bhatia has the largest number of other directorships with a seat at a total of 5 companies.

In total, the company is connected to 4 other companies through its directors.

Directors

Dolly Bhatia Satish Bhatia

Sachin Bhatia Amina Bhatia

Table No-1 Directors of Company

5
(c) Company details:

Company Name METRO INFRASYS PRIVATE

LIMITED

Registration 95373

Number

Company Category Company limited by Shares

Company Sub Non-govt company

Category

Class of Company Private

Date of 04 August 1998

Incorporation

Age of Company 21 years, 1 month, 8 days

Number of 2000+ EMPLOYEES

Members

Table No-2 Company Details

6
(d) Services Offered by Company

(a) Toll Management System

Metro Infrasys offers a combination of technologies and techniques to help you centrally

manage toll operations using a single integrated solution and above all enhance road safety for

a better expressway experience in its advance tolling system.The concept of toll collection is

devised to raise funds for roads, especially for the highways, which enables to recover the

capital invested in the construction and meet expenses to repair and maintain the roads. Also,

toll operation is a process that reduces the tax burden on local taxpayers and charges the road

users instead.

Over the years, the technological advancement has changed the spare of toll management

system. The Indian toll operation system got a face-lift when Electronic Toll Collection (ETC)

System was introduced in 2013. Since then the concessionaires have been able to overcome the

challenge of long queues and save users time

(ii) Advanced tolling solutions

Our solutions for Toll Management System are advanced and offer a hassle-free experience to

users. Also, it helps concessionaires collect toll charges and manage operations successfully.

With technologies like Automatic Vehicle Classification System (AVCS), Weigh in Motion,

RIFD system, we offer a unique, effective and yet very simple Electronic Toll Collection

System. Our toll management system also gathers data on traffic volumes, vehicle

classifications, vehicle speeds, the collected fares and sends you detailed reports.

7
 (iii)Automatic Vehicle Classification

Metro Infrasys AVC is a key element for assessment of the correct toll fee at toll plazas and

ensures accurate vehicle detection and classification. This is key equipment in the whole toll

collection system. It is designed and customized to be rugged, durable and easy to maintain and

is equipped with all necessary cooling and heating elements to withstand harsh environments.

(iv) Key Performance Result

1 Classification Accuracy ( Standard Vehicles)

2 100% Counting Accuracy

3 100% Auditable transactions

4 Technology : Vehicle Side Profile using IR Light Grid

5 Various vehicle class & sub-class categories help to customize classification algorithm as per

customer’s need.

6 Car / Jeep/ Van

LCV

7 Truck

8 Tail gating detection

9 Vehicle Axle Count detection

10 Wrong way vehicle detection

Key Functions of AV Components

I. Control Panel with Power Distribution & Control.

II. IR and Loop sensors based outputs on interruption gets collected and data transmitted to AVC

controller

8
III. Industrial Computer (Advantech Motherboard) with local datastorage for data acquisition and

control of interfaced with AVC Controller. It is having built-in application which is processing

data from AVC controller, defines AVC Class based on set of parameter & classification

algorithm.

(b) Advanced Traffic Management System

In today’s scenario when the businesses are going global and demand and supply ratio is at a

staggering high, the increase in the number of the vehicles is not surprising. No doubt then that

the highway networks have become awfully busy. To manage the traffic flow and incidents, the

highway networks demand an advanced traffic management so that the infrastructure

controllers to detect and solve problems in the network and increase the safety level.

Metro’s Advanced Traffic Management System (ATMS) comprises a set of intelligently

integrated roadside equipment’s connected to provide a high quality highway solution ensuring

a safe & secure journey.

Central Control Room

The Central Control Room (CCR) allows you to control and regulate an entire section of the

highway traffic. From this room you get clear feeds of the traffic from equipments, such as

CCTVs, VIDS etc, installed along particular sections of the highway. The CCR also generates

and disseminates important information by means of various message signs to facilitate

information.

Features:

Ability to not only monitor but also track the lifecycle of the product

9
 Emergency call box (ecb)

Roadside emergency phones or call boxes provide fast, improved, and modern response to

accidents or emergency situations. They use communication networks based either on OFC or

GSM. The ECB are made available on either side of the road, The calls from ECB’s are received

at control centre, usually located in the Maintenance and Operation base (MOB).

Features:

(i) Robust cold Rolled Steel Body

(ii) Weather Resistant: IP65

(iii) Vandal resistant Metal Button

(iv) One Button Programmable for Speed Dial

(iii) Variable Message Sign (VMS)

VMS is a system that helps to display variable information. Along the road are strategically

placed boards with Variable Messages displaying real time information to road users such as

(i) The speed limit, and traffic flow or congestions

(ii) Diversions, road closures, or alternative routes

(iii) Hazardous situations, work ahead, in-coming traffic situation

(iv) The weather condition, the date, time, temperature

(v) Availability of public transport

(iv) Close Circuit TV (CCTV)

CCTV monitoring methods are used for surveillance of the road section. CCTV cameras with

pan, tilt and zoom features, placed at a high level are perfect for highway surveillance, while

10
 vandal-proof dome cameras are best for high criminality locations. Multiple types of cameras

can help record and display video with ability to schedule video recording or trigger recording

inresponse to an incident.

Features:

(i) Optical Zoom

(ii) Digital Wide Dynamic Range

(iii) 3D Intelligent Positioning functions

(iv) Cloud Support

(v)Automatic Traffic Counter and Classifier (ATCC)

ATCC detects, counts and classifies all traffic passing where it is installed. Automatic traffic

Counter-Cum-Classifier which is used for fast method for traffic data collection. The ATCC

able to provide detailed information about time headway, speed statistics , total count, vehicle

classification The ATCC is useful for collection of large data on weekly, monthly and yearly

basis.

An ATCC counts in real time the traffic flow.

Features:

(i) Independent count and class operation

(ii) Configurable Record Interval Lengths

(iii) Onboard Keyboard and display

(iv) Built in surge and RF protection

(C) Parking Management System

Finding and managing parking is a serious problem for cities across the country, authorities as

well as for the government in India.

11
 The speed at which the number of vehicles is increasing has put the authorities in a fix. The

ever growing parking issue needs instant and innovative approach to deal with.

Metro Infrasys offers its advance parking management system designed and built from the

drawing board to the final delivery. Our technologically streamlined parking solutions are as

unique as our projects and capable of with standing the parking challenges in a city.

Our Objectives to parking management system:

The challenge is to provide adequate parking to meet a community’s needs for mobility and

economic strength, to encourage people to use other modes of travel, and to minimize the

impacts of parking on neighbourhood character. The following recommendations outline

several parking solutions to consider in order to create a parking management system capable

of solving existing and future problems:

(i) Improve information for motorists. Create signs, brochures and other information resources

indicating parking availability and price.

(ii) Increase the range of parking convenience and price levels available to consumers. Strengthen

parking enforcement by developing more convenient payment and time options

(iii) Manage residential on-street parking. This can be applied by setting permit prices to reflect

demand and available curb spce or limit the number of new residential parking permits.

(iv) Valet parking. The benefit of providing valet parking is to improve business by reducing the

number of cars driving around looking for a space. Also, up to twice as many cars can fit into

a lot when valet services are used.

Solution Benefits

(i) Higher fee Collection

(ii) Facilitates dynamic rate changes

(iii) Availability of metrics for optimizing operations

(iv) Compliance enforcement

(v) Ease of use for customers in terms of parking and payment

12
(vi) Enables higher usage through availability sharing with end users

(vii) Ease of use for customers for parking and making payments

(viii) Enables higher usage of parking space by sharing parking space availability through mobile

app

(ix) Enhances parking revenue

(x) Provides metrics for optimizing operation.

(D) Highway Saathi

(i) Travel Guide will pinpoint the location of tourist spots, restaurants, gas stations, hospitals,

public conveniences etc. around town.

(ii) The feature will provide voice alerts during over speeding, or when approaching an accident-

prone area.

(iii) Estimated journey time with directions to destination of choice.

(iv) One platform for easy, simple and convenient navigation on highways

Report Incidents and win free toll passes!

(i) Highway Saathi provides you real-time information about Incidents.

(ii) Highway incidents and congestion hotspots, with reporting facilities and free toll passes.

(iii) Voice-based option for all reporting facilities. Just speak your query into the phone and the app

will answer it for you, be it the location of the nearest Chinese restaurant or gas station.

1.1.3 Scope of the study

The market survey was focussed on intelligent transport system(ITS).The sample was

conducted on highways keeping n mind the time and other limitations.

Some Scopes are as:

1. To find out the promotional activities of competitors.

13
2. To learn the strategy of metro infrasys and its competitor.

3. To try and understand parking and highway system..

4. To make suggestion and recommendations based on the findings of the study

5. To find out the public perception of metro infrasys techniques

6. It would help us to know about which one is better (metro infrasys or others) according to the

traffic and highway control system.

1.2 Objectives of study

The objective of the study is to know the comparative measurement of perception regarding the

intelligent transport management system that are making the tansport syStem managed in Delhi

(NCR) region.I tried to find out the perceptions of the people for INTELLIGENT TRAFFIC

SYSTEM are given below:

1. To know the public perception, choice and preference regarding intelligent traffic system.

2. That traffic is con

3. trolled by this system or not after this system

4. To know whether the toll area is better developed with this system

The main objective of this project is to provide convenience to the management team by

developing a digital system to make processes regarding traffic management easier.

Here are the specific management objecives:

1. To provide direct access to highway sathi app.

2. To provide direct access to all cars such as tax or car information.

RESEARCH QUESTIONS:(given by the company)

a. How to provide convenience to the management team by developing a digital system to

make processes regarding Traffic Management easier?

b. How to provide direct access t drivers?

14
 c. How can the traffic officials search and update the information included in the system?

1.3 Research Methodology

Research methodology is a way to scientifically solve the research problem. It may be

understood as a science of studying how research is done scientifically. In it we study the

various steps that are generally adopted by a researcher in studying his research problem along

with the logic behind them. It is necessary for the researcher to know not only the research

methods / techniques but also the methodology. It defines what the activity of research is, how

to proceed, how to measure progress, and what constitutes success.

It helps to understand not only the products of scientific inquiry but the process itself. It aims

to describe and analyze methods, throw light on their limitations and resources, clarify their

presuppositions and consequences, relating their potentialities the twilight zone at the ‘frontier

of knowledge’

Research Design: A research design is the arrangement of conditions for collection and analysis

of data in a manner that aims to combine relevance to the research purpose with economy in

procedure. Research design is the conceptual structure within which research is conducted,

constitutes blue print for collection, measurement and analysis of data.

The research design used here is descriptive research design.

Descriptive Research design: Descriptive research is also called Statistical Research. The

main goal of this type of research is to describe the data and characteristics about what is being

studied. The idea behind this type of research is to study frequencies, averages, and other

statistical calculation

(a) Sources of Information

15
1.Primary Data:

For collecting primary data an approved structure-questionnaire was used which was a

framework of various questions covering various aspects of job satisfaction.

2.Secondary Data:

Available published books, magazines, journals etc. has been used to better understand the

concept, nature and even application of the problem so as to derive fruitful result. Even the

literature, Pamphlets, past reports and the website of the company provided valuable inputs.

(b)Tools and techniques

The data was collected through questionnaire method and personal interview. Again, the

research is descriptive type. The analysis is done through the tabular and graphical

representation.

SURVEY AREA

The research is done in the different areas of India which are given below:.

Ghaziabad and Noida and toll plaza.

(c) Research Limitations

It is for sure that your research will have some limitations and it is normal. However, it is

critically important for you to be striving to minimize the range of scope of limitations

throughout the research process. Also, you need to provide the acknowledgement of your

research limitations in conclusions chapter honestly.

It is always better to identify and acknowledge shortcomings of your work, rather than to leave

them pointed out to your by your dissertation assessor. While discussing your research

16
limitations, don’t just provide the list and description of shortcomings of your work. It is also

important for you to explain how these limitations have impacted your research findings.

Research limitations in a typical dissertation may relate to the following points:

1. Formulation of research aims and objectives. You might have formulated research aims and

objectives too broadly. You can specify in which ways the formulation of research aims and

objectives could be narrowed so that the level of focus of the study could be increased.

2. Implementation of data collection method. Because you do not have an extensive experience

in primary data collection (otherwise you would not be reading this book), there is a great

chance that the nature of implementation of data collection method is flawed.

3. Sample size. Sample size depends on the nature of the research problem. If sample size is too

small, statistical tests would not be able to identify significant relationships within data set. You

can state that basing your study in larger sample size could have generated more accurate

results. The importance of sample size is greater in quantitative studies compared to qualitative

studies.

4. Lack of previous studies in the research area. Literature review is an important part of any

research, because it helps to identify the scope of works that have been done so far in research

area. Literature review findings are used as the foundation for the researcher to be built upon to

achieve her research objectives

17
 CHAPTER-2

ENVIRONMENTAL ANALYSIS

2.1 Internal Analysis of The Company

A Natural examination is a nearby take a gander at an organization's qualities, shortcoming,

opportunities and dangers regarding vital factors, for example, the economy, the item, staff

assets, rivalry, innovation, enactment, purchaser patterns, condition, and etc.It is a typical

device utilized as a part of authoritative arranging and methodology advancement. The essential

supposition of a swot examination is that associations must adjust inside exercises to outer

substances to be effective.

Qualities and shortcoming are basically inside to the association and identify with issues

concerning assets and projects inside the organization while openings and dangers are outer

components facing an organization, for example, new advancements, rivalry etc.

2.1.1 What Is SWOT Analysis?

SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to

evaluate a company's competitive position and to develop strategic planning. SWOT analysis

assesses internal and external factors, as well as current and future potential.

A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the

strengths and weaknesses of an organization, its initiatives, or an industry. The organization

needs to keep the analysis accurate by avoiding pre-conceived beliefs or gray areas and instead

focusing on real-life contexts. Companies should use it as a guide and not necessarily as a

prescription.

18
SWOT analysis of Metro Infrasys company

This figure depicts the SWOT analysis of the company

Figure No- 1 SWOT analysis

19
2.2 Key competitors:

Table No-3 Product Maturity

Table No-4 Company Maturity

20
2.3 Key Clients

HINDUSTAN CONSTRUCTION COMPANY

“Excellent remote monitoring of tolling operations”

METRO INFRASYS has done some excellent work to help us monitor the Toll Operations

remotely from the head office using IMIS system. We wish Metro Infrasys “ALL THE

BEST”.

– Mr. Subramaniyam Narayanan

Vice President

Hindustan Construction Company.

NAVAYUGA ENGINEERING LTD

“Excellent quality”

Excellent quality, high degree of efficiency and always within the stipulated time limits.

– – Mr. K.V Rambabu

Vice President

Navayuga Engineering Ltd.

ITNL TOLL MANAGEMENT SERVICES LTD

“Advanced & effective equipment”

Metro Infrasys provides advanced and effective equipment in monitoring and detecting

desired traffic related incidents.

21
 – Mr. Subhash Gupta

General Manager

ITNL Toll Management Services Ltd.

SADBHAV ENGINEERNG LTD

“Committed to unending support”

I want to thank the entire Metro team in keeping their commitments and demonstrating

unending support throughout the duration of the project. We will definitely consider them for

all our forthcoming projects.

– – Mr. Vashishtha Patel

Vice President

Sadbhav Engineering Ltd

22
Table no- 5&6 KEY CLIENTS

23
 2.4 Global partners

1. Fetc
With over 14 Years of experience in various industries, Far Eastern Electronic Toll Collection
Co., Ltd. (FETC) is awarded byTaiwanese Government to build and operate the Electronic
Toll Collection (ETC) System for the nationwide freeways, and is responsible for the Taiwan
ETC total solution, including front-end and back-end systems as well as business model, from
planning, designing, building, testing,and operation.
Metro Infrasys partnered with FETC as a Solution Partner for Electronic Toll Collection.

2. Microsoft
Microsoft Corporation India is one of the fastest growing subsidiaries of Microsoft Corporation,
the worldwide leader in software, services, and solutions. The Microsoft India has picked up
greatly in the new millennium, and has grown steadily since then. Now, as India takes its place
as a leader in the global knowledge economy, Microsoft continues to be an active partner in the
country’s growth.

3. IBM
ITS technology of IBM solutions is designed to address the needs of customers operating within
traffic and transit management. These solutions help to reduce traffic congestion, to improve
flow and accelerate incident response. The Metro Transportation Management Center based on
IBM IOC, integrates cutting-edge ITS technologies with ready-to-deploy solutions. This assists
in maximizing the network capacity and minimizing the impact of incidents.The successful
collaboration between Metro and IBM has created remarkable results, such as the Bangalore
Airport Road. An Intelligent Control Center is in place here, covered by a network of roadside
devices. There are 6 Toll plazas with 56 lanes, over a stretch of 183 Km, all of which benefit
from IBM’s expertise in using ITS solutions.

4. CDAC
C-DAC is a leading Indian company in Information Technology (IT). It creates forces in
emerging technologies and leverages its expertise by deploying IT products and solutions for
various economic sectors. Centre for Development of Advanced Computing (C-DAC) is the
24
 premier R&D organization of the Department of Electronics and Information Technology
(DeitY), Ministry of Communications & Information Technology (MCIT) for carrying out
R&D in IT, Electronics and associated areas.A unique technology of adaptive Traffic Control
has been developed in partnership with C-DAC.

5. C&S Electric
Over the last several years C&S has been associated with the introduction of the newest
technologies in the field of power management solutions in India – and it is this culture of
innovation and excellence that has made C&S amongst the most trusted and preferred brands
in our field both in India and globally.

2.5 Market Strategy of The Company

Software Service Business

Metro Infrasys, a software development agency with over 15 years of experience, we are

proactively transforming the Intelligent Transportation Systems (ITS) industry by inculcating

efficiency, reliability and technological integration through our solutions. Our software

development team is comprised of professionals with a deep expertise of 20 cumulative years

of solution providers. Our team conceptualized and executed customized hassle-free solutions

to build feasible & valuable products for the clients.

Our Software Development Services

We believe in walking the extra mile for our customers to drive the changes which we envision.

Our innovative software development models at Metro Infrasys will enable customers to be

better informed, more coordinated, more efficient, more environment-friendly, and make

smarter use of transport networks. Enterprise software development is the need of the hour.

Our Key Services

25
Custom Application Development

Custom Application Development is a must for businesses who are looking for more detail

oriented, scalable, cost-effective and target-critical applications. With the help of various

innovative solutions, we have been able to develop successful software solutions regarding

tolling management system, parking management system, traffic management system,

connected vehicles solution etc

Mobile Application Development

With our efficient & connected transportation solutions, clients can leverage the intelligent &

virtualized –mobile network. We have developed a comprehensive understanding of the mobile

platform in ITS, by developing applications such as smart parking, emergency response, CRM,

fault logging etc. We believe in delivering the best in class solutions to add more value to an

organization. Our team successfully delivered various solutions in the past regarding screen

Resolution, Memory limitation& limited battery life, software and app development cost,

Different mobile device compatibility issues etc.

Web Application Development

We are offering cloud-based solutions for ITS regarding web applications for clients to optimize

the transportation process in a better way. Our website development services cover every

possible function in their respective domains. We have acquired unique skills in building web

applications. With our expertise, we are able to adapt according to changing business

requirements. Our experts can build custom web applications for tolling solutions, parking

solutions, data collection systems, back-office systems, complex traffic studies, dashboard and

reporting systems as per the desired requirement.

Application Maintenance and Support

We truly pride ourselves upon on the fact that ensuring seamless services to the clients is our

deepest concern. With 15 yrs. of the experience, we have achieved an economy of scale that
26
enables us to successfully provide application maintenance and support services for our

customers.

2.6 USP of the Company

Our Outsourcing USP

Quality

We ensure quality services by testing the products through various cycles, closely monitoring,

managing and responding to the feedback in a very timely manner. Our software development

practices are scalable & promising.

Transparency

We believe in building long-term relationships. That is why we want to keep the processes as

transparent as possible. To achieve this goal, we try to connect our team and clients via sharing

regular updates & status reports, connecting with clients on video calls etc.

On-time Delivery

To gain a long-term relationship with clients, we deliver as per client requirements. With the

help of our experts, collective tools, effective management & support services, we are able to

effectively deliver as promised.

Business Value

For better optimization of the process, we work on a value-to-cost metric solution when it comes

to effective evaluation of products. We do it in a very strategic manner, by working on a small

scale first to develop a minimum viable product, collect feedback with the help of customers.

This actually helps in developing the roadmap for a product. We are a one stop solution of all

your software development needs.

Competitive Pricing

We believe adding value to your organization by providing you with the best efficient products,

help you get a viable return on investment & make the most out of available resources. We aim

27
to improve the quality of our services by offering competitive pricing. And that makes us the

masters in software development. So if you need a software developer? Look no further!

Our People

To ensure Excellency of services, we have highly skilled & professional people with client-

focused approach in our team.

Values

At Metro Infrasys, we are offering modern transport system with cutting edge technology in a

more indigenized way as per the requirements of Indian clients, because client satisfaction is

the topmost priority for us.

Our unique end to end approach regarding our services & solutions sets us apart from our

competitors. We believe in gaining client’s trust & build a relationship. That is why we offer

very transparent services, we try our best to make our team and clients stay on the same page.

We actively do response management, it helps us to monitor, respond in a timely manner. We

also gain valuable feedback from the clients which help us improve our services in a better way.

We have developed our expertise in ITS, a cooperative intelligent transport system by providing

various solutions in a very conceptualized, cost-effective & efficient manner regarding its

intelligent traffic management, Toll management, Parking Management etc. We Provide

consultancy in ITS due to our in-depth experience in this. We have a team of highly skilled

professionals who believe in driving the changes as per the client needs.

ITS has a very high potential in India because of several challenges which India face in terms

of pollution, infrastructure. It will help in building advanced road transportation system in India

and to help India achieve the revolution in the transportation sector with world-class

technologies. To lead a smart transportation market

Strengths

28
With several years of expertise in intelligent transportation systems market, we believe we have

gained several strengths in the matter of providing clients with innovative solutions & tools,

ITS expertise keeping in mind intelligent traffic system companies (traffic management system,

toll management system, traffic control system, traffic signal optimization etc.), unique

technical & communicative skills, access to in-house team.

Due to our association with several powerful clients we were able to build a strong presence in

front of our targeted audience in India as well as in the international transport system market.

Quality Policy

We believe in providing best world class services with a client-focused approach in consulting

for ITS and its system services which includes Processes, Policies, and Guidelines &

Procedures.We are a leading expert of innovative solution providers in the transportation sector.

Our services & solutions in the transportation industry are very cost-effective, efficient, reliable,

environment- friendly, technology integrated & communicative. We provide intelligent

transportation system for smart cities.

2.7 Key Challenges Faced By The Company

Blistering heat, harsh monsoon and slayer thunderstorms are a few challenges that an Indian

commercial driver faces season after season. But the snaking queues at the toll plazas are a

regular affair. And, when the turn comes, he had to wait again after paying cash to the booth

operator till the tariff is counted; change is taken out, counted again and handed back with a

printed receipt.

A survey conducted by Transport Corporation of India (TCI) and IIM Kolkata in 2013 says that

Rs. 60,000 Crore or USD 9.2 billion was lost every year in the toll booth hold ups. The Indian

National Highway Association (NHAI) then proposed to the government a digital alternative

29
to toll booth transactions. The alternate module is FASTag, which was eventually implemented

to simplify and ensure hassle-free operations at the toll plazas.

What is FasTag?

FasTag is a radio frequency identification device (RFID), which comes as a reloadable tag that

ensures seamless movement of a vehicle on the run on highways. The device has to be registered

with Central Clearing House (CCH) operators and the bank account first. And then, it needs to

be placed on the vehicle’s windscreen. When the vehicle passes through a toll plaza, the sticker

or tag is auto-scanned and payment is instantly deducted from a prepaid account linked to the

tag.

What are the FasTag benefits?

Saves time – A special lane dedicated for FasTag users means it saves time.

Ease of payment – A user can avoid carrying cash for the toll transactions.

Seamless movement – The non-stop vehicular movement means lower fuel cost.

Online Recharge – Need not to stand in a queue to recharge the tag. Users can recharge a FasTag

online through credit card/debit card/ NEFT/RTGS/net banking.

SMS alerts – There is a provision to alert the users through SMS about their toll transactions,

low balance, etc.

Online Portal – A user can sign up on the online portal and use it to recharge, lodge complaint

or check what’s latest.

Validity – Validity of 5 years means that the tag is making life easy for users, as it has to be

reissued only once in every five years.

Environmental benefit – Implementation of FasTag has reduced air pollution and use of paper.

Social benefit – There’s a drastic change in the toll plazas, as toll payment hassles are

minimized and highway management system has improved.

Economic benefit – The FasTag has also reduced the efforts in managing the toll plazas.

30
While the FasTag has many positive sides, it also has its drawbacks. It will come as a complete

winner only if these flaws are sorted as soon as possible.

What are the challenges faced by FasTag?

FasTag charge is high for multi-axle vehicles – Multi-axle vehicle owners are hesitant to opt

for FasTag as the toll charges for such vehicles are quite high. A truck requires more than Rs.

2,000 for 10 trips while a car can make 10 trips at a much lower value. This gives people the

ideas for deploying car tags in trucks.

FasTag may not be approved – When there is no amount in the account, no credit is given to

the users. Then the user has to pay in cash. Moreover, at times, the RFID scanner goes through

technical issues, leaving a FasTag user in a fix to pay the toll amount in cash.

FasTag can be stolen or lost – Since the FasTag comes in a tag form, it can easily be stolen or

lost. In such a situation, one should never forget to request the agency to block the FasTag

account instantly and process re-issuance.

FasTag can be wrongly charged – Due to technical flaws, at times, a FasTag user may be

wrongly charged. And, the user is only left with the option to report the matter as soon as he/she

comes to know about it and asking for reimbursement.

FasTag may face malfunction or damage – A user can report about the same and ask for a

replacement.

FasTag faces the issue of discipline at all most every toll plaza – Vehicles without the FasTags

enter the designated lane while the ones with FasTags wait for their turn, behind these vehicles.

Same lane for electronic toll collection (ETC) and very important person (VIP) – There should

be a dedicated ETC lane at every toll plaza. Not having a dedicated ETC lane means the purpose

of FasTag fails as it causes a delay in the journey of FasTag users.

Though FasTag is seen as an advantageous mode of toll collection system, offering benefits to

both – the user and the collector, until the drawbacks or the challenges are not uprooted to the

base, the module can face serious crunch. The Government of India needs to consider the

31
 challenges faced by FasTag and come up with positive solutions to make the most out of a

technologically superior mode of toll collection.

1. Inconsistency in revenue projection: There is no government agency to guide bidders while

making the revenue projections and related assumptions.

2. Current form of Motor Vehicle Act is weak: No electronic database of vehicles is maintained

in India. Also, the legal framework to catch toll defaulters is weak in India.

3. Issues related to implementation of ETC systems: Toll plazas need to struggle hard for basic

requirements like Internet connectivity and utility power. Also, cashless modes like smart cards

and onboard units are not mandatory.

4. Inaccurate vehicle classification: Toll road operators face under tolling owing to the lack of a

uniform system for classification of vehicles in India. The sensor devices are unable to

differentiate between a four-axle vehicle and a modified two-axle vehicle.

5. Thefts at cash toll plazas: From the lack of camera surveillance to no armed security guards,

and unlocked collection booths to inadequate access control, toll operators need to buck up.

6. Poor toll management skills: The need of the hour calls for deploying skilled staff along with

appropriate toll management tools like automatic boom barriers and overhead light signals.

7. Lack of stringent IT controls: Unauthorized modifications to the existing systems at toll plazas

also lead to under tolling.

8. Customer Issues: Other than toll charges, motorists are not in favor of bearing the cost of tags

or cards. Resistance comes from commercial truck operators as well who mention about paying

motor vehicle tax and diesel/petrol ces

32
2..8 Growth story of Metro Infrasys ltd pvt

Figure No -2 Growth Story

33
 2.9 Mission And Vision Of The Company

 Mission:

(i) Intelligence through innovation.

(ii) A knowledge Motivated and satisfied workforce always.

 Vision:

a. Start projects using functional analysis of clients.

b. Indigenise solutions while being cost effective.

c. Create technology agnositic solutions.

d. Delight our customers by exceeding their expectations

2.10 Organisational structure of the company:

Founder & CEO

(Mr. Satish Bhatia )
COO
(SACHIN BHATIA)
CPO
(DOLLY BHATIA)
Associate VP
(RANJEET CGOUDARY)
President Marketing
(ROHAN SHARMA)
AGM
(AMINA BHATIA )
Figure No -3 Organisational Chart

34
 CHAPTER -3

DATA PRESENTATION AND ANALYSIS

This chapter includes the collection of data from various functional areas of the company with

the help of primary and secondary data collection sources.

3.1 Signifiant accounting policies

(a) Use of estimates

The preparation of financial statements in conformity with Indian GAAP requires the

management to make judgments, estimates and assumptions that affect the reported amount of

revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end

of the reporting period. Although these estimates are based on the management's best

knowledge of current events and actions, uncertainty about these assumptions and estimates

could result in the outcomes requiring a material adjustment to the carrying amounts of assets

or liabilities in future periods.

(b) Tangible fixed assets

Fixed Assets are stated at cost and other incidental expenses less accumulated depreciation.

Cost comprises the purchase price and any attributable cost such as duties (net of CENVAT)

freight, borrowing costs, erection and commissioning expenses, incurred in bringing the asset

to its working condition for its intended to use and adjustments arising from exchange rate

variance relating to borrowing, attributable to the fixed assets. When an asset is scrapped or

otherwise disposed off, the cost and related Depreciation are removed from the books of
35
accounts and resultant profit (Including capital profit) or loss, if any, is reflected in the

Statement of profit & loss.

(c) Depreciation and Amortization on tangible fixed assets

The Company is charging the depreciation on straight line method based on useful life of

Assets, as prescribed by schedule II of the companies Act, 2013 or Actual useful life estimated

by the management whichever is lower. The useful life for the amortization of assets is given

as under;

Assets Class Rates

Factory Building (Leasehold Improvement) The Rate based on the lease term, i.e. for the

period of 9 years equal basis.

Plant & Machinery 20 Years

Office Equipment 5 years

Furniture & Fixtures 10 Years

Computers 3 years

Server & networks 6 years

Vehicles 8 Years

(d) Intangible Assets

Intangible assets are amortized on a straight line basis over the estimated useful economic

life. The company uses a rebuttable presumption that the useful life of an intangible asset will

not exceed three years from the date when the asset is available for use. If the persuasive

evidence exists to the affect that useful life of an intangible asset exceeds five years, the

company amortizes the intangible asset over the best estimate of its useful life. Such intangible

36
assets not yet available for use are tested for impairment annually, either individually or at the

cash generating unit level. All

other intangible assets are assessed for impairment whenever there is an indication that the

intangible asset may be impaired.

At each balance sheet date, the Company assesses whether there is any indication that an asset

may be impaired. If any such indication exists, the Company estimates the recoverable amount.

If the carrying amount of the asset exceeds its recoverable amount, an impairment loss is

recognized in the Statement of Profit & Loss to the extent the carrying amount exceeds the

recoverable amount.

(e) Borrowing Cost

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with

the arrangement of borrowings and exchange differences arising from foreign currency

borrowings to the extent they are regarded as an adjustment to the interest cost.

Borrowing cost directly attributable to the acquisition, construction or production of an assets

that necessarily takes a substantial period of time to get ready for its intended use or sale are

capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in

the period they occur.

(f) Revenue recognition

37
Revenue is recognized to the extent that it is probable that the economic benefits will flow to

the company and the revenue can be reliably measured. The following specific recognition

criteria must also be met before revenue is recognized:

Services

Revenue from the sale of services recognized upon passage of title to the customers

which generally coincides with their delivery & acceptance of goods by the customers. The

company collects taxes on behalf of the government and as and where applicable, therefore,

these are not economic benefits flowing to the company. Hence, they are excluded from

revenue. Any Duty is deducted from revenue (gross) is the amount that is included in the

revenue (gross) and not the entire amount of liability arising during the year

Interest

Interest income is recognized on a time proportion basis taking into account the amount

outstanding and the applicable interest rate. Interest income is included under the head "other

income" in the statement of profit and loss.

(g) .Foreign currency transaction

Initial Recognition

Foreign Currency transactions are recorded in the reporting currency by applying to the foreign

currency amount the exchange rate between the reporting currency and the foreign currency at

the date of the transaction.

38
Conversion

Foreign Currency monetary items are reported using the closing rate. Non-monetary items,

which are carried in terms of historical cost denominated in the Foreign Currency, are reported

using the exchange rate at the date of the transaction.

Exchange Differences

Exchange differences arising on the settlement of monetary items or on reporting company’s

monetary items at rates different from those at which they were initially recorded during the

year, or reported in the previous financial statements are recognized as income or as expense in

the year in which they arise, except those relating to liability for acquiring fixed assets from

outside India are capitalized as a part of fixed asset.

Income Taxes

Tax expense comprises current tax and deferred tax. Current income tax is measured at the

amount expected to be paid to the tax authorities in accordance with the Indian Income Tax

Act. Deferred income taxes reflects the impact of current year timing differences between

taxable income and accounting income for the year and reversal of timing differences of earlier

years.

Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future

economic benefits in the form of adjustment to future income tax liability, is considered as an

asset if there is convincing evidence that the Company will pay normal income tax.

Accordingly, MAT is recognized as an asset in the Balance Sheet when it is probable that future

economic benefit associated with it will flow to the Company.

Deferred tax is measured based on the tax rates and the tax laws enacted or substantively

enacted at the balance sheet date. Deferred tax assets are recognized only to the extent that there
39
is reasonable certainty that sufficient future taxable income will be available against which such

deferred tax assets can be realized. In situations where the Company has unabsorbed

depreciation or carry forward tax losses, all deferred tax assets are recognized only if there is

virtual certainty supported by convincing evidence that they can be realized against future

taxable profits.

At each balance sheet date the Company re-assesses unrecognized deferred tax assets. It

recognizes unrecognized deferred tax assets to the extent that it has become reasonably certain

or virtually certain, as the case may be that sufficient future taxable income will be available

against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each balance sheet date. The

Company writes-down the carrying amount of a deferred tax asset to the extent that it is not

longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable

income will be available against which deferred tax asset can be realized. Any such write-down

is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may

be, that sufficient future taxable income will be available.

Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to

set off current tax assets against current tax liabilities and the deferred tax assets and deferred

taxes relate to the same taxable entity and the same taxation authority.

Earnings per share

The basic Earnings per Share (EPS) is computed by dividing the net profit after tax for the year

by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period

attributable to equity shareholders and the weighted average number of shares outstanding

during the period are adjusted for the effects of all dilutive potential equity shares.
40
Post Employment Benefit Plans

Contributions to defined contribution retirement benefit schemes are charged as an expense as

they fall due.

For defined benefit Schemes, the cost of providing benefits is determined using the projected

unit credit method, with actuarial valuations being carried out at each Balance Sheet date

Actuarial gain and losses are recognized in full in the Statement of profit and loss for the period

in which they occur. Past service cost is recognized immediately to the extent that the benefits

are already vested.

The retirement benefit obligation recognized in the Balance Sheet represents the present value

of the defined benefit obligation as adjusted for unrecognized past service cost, and as reduced

by the fair value of scheme assets. Any asset resulting from this calculation is limited to past

service cost, plus the present value of available refunds and reductions in future contributions

to the scheme.

Other Employee Benefits

The undiscounted amount of short-term employee benefits expected to be paid in exchange for

the services rendered by employees is recognized during the period when the employee renders

the service. These benefits include compensated absences such as paid annual leave, Bonus and

performance incentives.

Compensated absences which are not expected to occur within twelve months after the end of

the period in which the employee renders the related services are recognized as an actuarially

41
determined liability at the present value of the defined benefit obligation at the balance sheet

date.

Lease

Leases where the less or effectively retains substantially all the risks and rewards of ownership

of the leased assets are classified as operating leases. Operating lease payments are recognized

as an expense in the statement of profit and loss account on straight-line basis over the lease

term.

Provisions

A provision is recognized when an enterprise has a present obligation as a result of past event

and it is probable that an outflow of resources will be required to settle the obligation, in respect

of which a reliable estimate can be made. Provisions are not discounted to their present value

and are determined based on management estimate required to settle the obligation at the

Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the

current management estimates.

Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will

be confirmed by the occurrence or non-occurrence of one or more uncertain future events

beyond the control of the company or a present obligation that is not recognized because it is

not probable that an outflow of resources will be required to settle the obligation. A contingent

liability also arises in extremely rare cases where there is a liability that cannot be recognized

because it cannot be measured reliably. The company does not recognize a contingent liability

but discloses its existence in the financial statements.

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(h) Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary

items and tax is adjusted for the effects of transactions of non-cash nature and any deferrals or

accruals of past or future cash receipts or payments. The cash flows from operating, investing

and financing activities of the Company are segregated based on the available information.’

Free Cash flow of the company is all inflows from debtors with less of expenses, creditors &

loans after that the figure comes is cash inflow.

Total Inflows during the year : 46,40,47,505/-

Total Outflows during the year: 47,71,04,146/-

Net Cash Flow during the year: (1,30,56,640)/-

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3.2 Company financial overview

44
(a) Operating revenue of the company:

1. Net worth of company is Share Capital + Reserve & Surplus i.e Rs. 6,65,61,385/-.

2. Current net profit of the company is Net Profit after tax i.e Rs. 1,47,90,124/-

Figure no-4 Operating Revenue of the Company

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(b) Capitalisation by different directors of the company

Figure no-5 Capitalisation by Different Directors of the Company

46
 (c) Charge on assets

Table No-7 Charge on Assets

47
Figure no-6 Biggest charges on the company

48
(D) Balance sheet of the company

Table no-8 Balance Sheet

49
(E) Profit and loss account

Table no-9 Profit and loss account

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51
(F) Important ratios of the company

IMPORTANT RATIOS

Particulars 31 March, 31 March, 31 March, 31 March, 31 March,

2017 2016 2015 2014 2013
Leverage Ratios

Total Debt/Equity 0.74 0.37 0.41 0.53 0.62

Ratio
Total 1.76 1.39 1.45 1.56 1.63
Assets/Equity
Ratio
Total Debt/Total 0.42 0.27 0.28 0.34 0.38
Assets
Ratio
Interest Coverage 6.10 4.93 7.89 3.01 3.55
Ratio
Liquidity ratios

Quick Ratio 0.48 2.81 2.70 1.56 1.24

Current Ratio 1.25 2.98 2.75 1.60 1.28
Performance ratios

Gross Margin 100.00% 100.00% 100.00% 100.00% 100.00%

Net Margin 8.25% 37.18% 68.62% 56.24% 64.55%
Return on Fixed 609.75% 2195.33% 6588.95% 2826.22% 3434.01%
Assets
Return on Equity 2.02% 6.83% 21.73% 9.08% 11.91%
Return on Capital 25.69% 41.08% 99.26% 115.10% 197.27%
Employed
Total Asset 0.14 0.13 0.22 0.10 0.11
Turnover
Fixed Asset 4.03 3.21 3.25 44.97 47.43
Turnover
Days Receivables 0 2 16 36 23
Outstanding
Days of Inventory N.A. N.A. N.A. N.A. N.A.

Table no-10 Ratios of the Company

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(G) Capital structure of the company

Particulars Amount

Equity share capital 40.41 cr

Preference share capital 294.18 cr

Debentures 19,855.00

cr

Table no-11 capital structure of the company

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(h) Equity shareholding of the company

Individuals 2.87%

Government -

Government Companies -

Public Financials Companies -

Mututal Funds -

Venture Capital
-
Funds

Foreign Holdings -

Other Bodies
31.24%
Corporates Figure no- 7 Pie chart on equity

shareholding of the company

Others 65.89%

Table No-12 Equity shareholding of the company

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 Chapter-4

Findings and results:

Metro Infrasys Private Limited is an unlisted private company.

Metro Infrasys Private Limited was incorporated on 04 August, 1998. The company has 4

directors and no reported key management personnel

With change comes both opportunity and risk. At metro infrasys company, they believe in being

proactive about change, challenging our clients to think differently about real estate, and taking

ownership of our own destiny.

Metro infrasys is the leading company in intelligent transportations system with annual revenue

of 1crores-100 crores

METRO INFRASYS has done some excellent work to help us monitor the Toll Operations

remotely from the head office using IMIS system. We wish Metro Infrasys “ALL THE BEST”.

Excellent quality, high degree of efficiency and always within the stipulated time limits Metro

Infrasys provides advanced and effective equipment in monitoring and detecting desired traffic

related incidents. I want to thank the entire Metro team in keeping their commitments and

demonstrating unending support throughout the duration of the project.Head office based in

New Delhi is an emerging leader in the field of Intelligent Transportation Systems with an

impressive track record, in collaborations with top concession companies in India.

Metro Infrasys has set its service, integration and development centre as per the international

standards at IMT Manesar, Gurgaon (Haryana). The company has made state-of–art mock lane

through which it demonstrates various technologies for tolling, traffic management and parking.

The facility is also being used for simulation, testing, innovation, and training.

Drawing on comprehensive research and collaboration with the world’s leading companies,

Metro Infrasys provides the best available customized solution in the field of traffic

55
 management. Metro Infrasys adapts world’s best technology with local knowledge and

expertise suitable for Indian subcontinent’s environmental and operational conditions.

4.1 Functional Analysis:

4.2.1 Human Resource Management:

1) Company recruits its employee through consultants that comes as a trainee.

2) Company aims to hire the best talent, not compromising with quality.

3) The workers are very much qualified and all around experienced.

4) The representatives are happy with the strategies which are practically speaking

5) The HR team is fully engaged in making working environment friendly.

6) The representatives have responsibility towards their activity

7) The association is straightforward and moral in its tasks.

8) Female workers overwhelm in Human Resource of the endeavour.

4.2.2. Operations Management:

Total quality management is very important for the company, as defective and low quality

service will adversely affect the business in many ways

4.2.3 Finance Management:

(a) The Company is highly dealing in or trading in shares, securities, debentures and other

investments

(b) It is a highly profit making company.

4.2.4 Marketing Management :

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 By passing their sales and marketing knowledge to your developing team, not only build own

business network but also enable others to build one of their own. The internal communications

and external communications work hard to promote metro infrasys company.

4.2.5 IT:

Computerization of all departments is effective.

4.2.6 Environmental Analysis:

The environment of the company is very healthy and peaceful. The employees are good to each

other and also to the interns or the trainees. The best thing about the company is that the top

management is very supportive towards the middle level management.

4.3 LESSONS LEARNT:

This study helped me in fulfilling the gap between the theory that I had learned and its

application that I need to put into practice in my career. It helped me to gain knowledge of a

corporate world. By this one can ascertain where he/she stands in this competitive world and

number of skills & amount of knowledge required to stay at competitive edge. Summer training

helpe3d me to groom in the following attributes:-

(a) It improved my communication skills and taught me how to behave in a corporate world.

(b) The thing that I have learned was if u wants to learn something then you have wait patiently

and keep knocking on the door of that person.

(c) I learnt about the formal appearances, and formal behaviour

(d) How email marketing works.

(e) Sending the right email to the right people at the right time can increase a business’s chances

57
 of converting their customers.

(f) Having genuine intentions can transform my colleagues into great friends.

(g) To talk to my superiors and colleagues about my aspirations.

(h) Challenging but inspiring it is to work alongside people from different backgrounds and cultural

settings.

(i) To communicate with your superiors naturally and professionally.

(j) The benefits of asking the right questions at the right time, e.g. asking my supervisor from time

to time how she thought I was doing.

(k) The benefits of clarification when I was in doubt.

(l) Adapting to the company culture helps both me and my co-workers perform better in our jobs.

(m) An internship can be both intensive and fun.

4.4 SUGGESTIONS:

A. It is very important to target the market segment of the client.

B. By choosing right products or services the company going to operate.

C. Employees should be included in brainstorming activities and also should be given liberty.

D. The culture of the organisation should be more friendly . all the department employees should

intract with each other more frequently.

E. The company should give some stipend to Industry guide for summer training due to which

they will take more interest in providing guidance.

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 BIBLIOGRAPHY

Reference books:

Financial management by ts gerewal

Finance and accounting by k.d. Aggarwal

Metro infrasys pamphlet by the company itself

Websites:

https://www.metroinfrasys.com/

https://www.zaubacorp.com

https://www.ambitionbox.com

http://www.indiantollways.com

https://www.tofler.in

https://www.crunchbase.com

http://www.hoovers.com/company-information/cs/company-

profile.metro_infrasys_private_limited.d83e871ebd4774f6.html?aka_re=1

http://www.indiantollways.com

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