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  1. 1. UNIQUE REGISTRATION NUMBERSubmitted To : Submitted By :Abhishek Rathi Rakesh ~1~
  2. 2. DECLARATIONI hereby declare that the project report titled “Distribution of UniqueRegistration number” is my own work and the result of my own effort, is raisedon information collected, guidance given by my Industry mentorAmritanshuParida (Research Associate)& faculty member.The data gathered for the purpose of this report will not be made public and will bekept confidential, except for academic purpose. All care has been taken to keep thisreport error free and I sincerely regret for any unintended discrepancies that mighthave crept into this report. I shall be highly obliged if errors (if any) be brought toour attention.Thank You.Date: 13-06-2012 RakeshPlace: FARIDABAD ~2~
  3. 3. AcknowledgementAny accomplishment requires the effort of many people and this work is nodifferent. I have been fortunate enough to get the help and guidance from manypeople. It is a pleasure to acknowledge them though still it is inadequateappreciation for their contribution.I would not have completed this journey without the help, guidance and support ofcertain people who acted as guides and friends along the way. I would like toexpress my deepest and sincere thanks to our Industry mentor AmrutanshuParida(Research Associate) for his invaluable guidance and help. The project could notbe complete without the support and guidance.I am also thankful to all our coordinator and faculty member for cooperating withus at every stage of the project. They acted as continuous source of inspiration andmotivated us throughout the duration of the project helping us a lot in completionof this project.Submitted with regardsRakesh ~3~
  5. 5. INTRODUCTIONDexter is a group of young professionals from varied backgrounds whohave come together to create a team working in multiple areas acrossdomains with an ever-increasing array of services. Within a short time,Dexter has completed more than 150 projects and has setup branches atMumbai, Bangalore and NCR, apart from the headquarters at Ahmedabad.With the average age of the core team at about 27, Dexter has now builta panel of senior advisers and mentors whose experience and expertise intheir domains combines with our ability to execute and helps us designand deliver on projects time and again.It started as a one-room setup before 5 years without capital, clients orexperience. From there, Dexter now occupies more than 5800 sq. ft. ofoffice space across 4 cities and has aggressive plans of setting up bases inmany more locations in the next 2 years.One of the key components at the heart of Dexter has been and remainsto be the philosophy of joint ownership and sharing of gains. We havetaken accountability to the extreme where even the founders’ stake inthe company can reduce if he/she doesn’t perform well.With practices like 100% audio recording of interviews, 100% datavalidation followed by 100% telephonic verification in place now, Dexterhas been trying to create practices and systems that assure authenticityof data for each primary research we undertake. ~5~
  6. 6. Having a lot of people with backgrounds in technology has also meantthat we have very easily leveraged technology for operational efficienciesin planning and execution. This has allowed us at times to deliver work onimpossible deadlines. This has also allowed us to quickly challenge theboundaries and constraints of conventional methods and ways, and comeout with innovations as a natural extension of projects.With service offerings in 8 areas now, Dexter is quickly looking toleverage its expertise and knowledge base across service areas, andexpand through diversifying, both horizontally and vertically.Industrialization in HaryanaHaryana’s economy is largely dependent on agriculture. About 70% peopleof the total population are engaged in farming. Wheat and rice are themajor crops grown in the state. Haryana is self-sufficient in food productionand the second largest contributor to Indias central pool of food grains.Haryana greatly contributed to the Green Revolution in India in the 1970sas a result of which the country has become self-sufficient in foodproduction. Dairy farming is also an essential part of the rural economy.Milk and milk products form an essential part of the local diet.Rapid industrialization has been recorded in the state over the last twodecades. More than a thousand medium and large industries with a capitalinvestment of Rs.200 billion have been established in the state. Theseinclude Maruti Udyog Limited, Escorts, Hero Honda, Alcatel, Sony India,Whirlpool India and Bharti Telecom. Gurgaon and Faridabad have seenemergence of an active information technology industry in the recentyears. In addition there are more than 80,000 small-scale industries in thestate which cumulatively bring in a substantial income for the state and itspeople. Haryana is among the top rankers in the nation in the production ~6~
  7. 7. of cars, motorcycles, tractors, sanitary ware, gas stoves and scientificinstruments.UNIQUE REGISTRATION NUMBER (URN)The URN is a 64-bit unique identifier contained in the memorydevices, or nodes, in which IEEE 1451.4 Transducer ElectronicData Sheets (TEDS) data is stored. Because multiple nodes maybe arrayed in a multi-drop network format, to allow memorycapacity to be increased, or other functions to be added, the URNallows a number of nodes to be individually accessed by thesystem. It utilized to ensure unique access to IEEE 1451.4 TEDSmemory devices arranged in a multi-drop two conductor networkas described in IEEE Std 1451.4-2004.The URN is the basis upon which node-addressable, digitalcommunication takes place, within the multi-drop architecture ofthe IEEE 1451.4 mixed-mode interface. It contains an 8-bit familycode (FD) to identify the functions available in the node and thecommand set to be used with the node. Each node must containa 64-bit URN to control access to the TEDS.A serial number is a unique, identifying number or group ofnumbers and letters assigned to an individual pieceof hardware or software. A serial number for a piece of softwareis not usually the same as a product key but they are sometimesused interchangeably. ~7~
  8. 8. The Haryana govt. is going to merge all identifications ofcompanies Haryana Like TIN number,PAN number,excise numberetc.They are going to issue unique registration number to allcompanies existing in Haryana.Types of industries in Haryana1- Proprietorship. A business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports businessincome or losses on his/her individual income tax return. The owner is inseparable from the proprietorship, so he/she is liable for any business debts. also called sole proprietorship.2-PartnershipA partnership is an arrangement where parties agree to cooperate toadvance their mutual interests.[1]Since humans are social beings, partnerships betweenindividuals, businesses, interest-basedorganizations, schools, governments, and varied combinations thereof,have always been and remain commonplace. In the most frequentlyassociated instance of the term, a partnership is formed between one ormore businesses in which partners (owners) co-labor to achieve and shareprofits and losses (see business partners). Partnerships are also commonregardless of and among sectors. Non-profit, religious, and politicalorganizations, may partner together to increase the likelihood of eachachieving their mission and to amplify their reach. In what is usually calledan alliance, governments may partner to achieve their national interests, ~8~
  9. 9. sometimes against allied governments who hold contrary interests, such asoccurred during World War II and the Cold War. In education, accreditingagencies increasingly evaluate schools by the level and quality of theirpartnerships with other schools and a variety of other entities acrosssocietal sectors. Partnerships also occur at personal levels, such as whentwo or more individuals agree to domicile together, while other partnershipsare not only personal but private, known only to the involved parties.Partnerships present the involved parties with special challenges that mustbe navigated unto agreement. Overarching goals, levels of give-and-take,areas of responsibility, lines of authority andsuccession, how success isevaluated and distributed, and often a variety of other factors must all benegotiated. Once agreement is reached, the partnership is typicallyenforceable by civil law, especially if well documented. Partners who wishto make their agreement affirmatively explicit and enforceable typicallydraw up Articles of Partnership. It is common for information about formallypartnered entities to be made public, such as through a press release, anewspaper ad, or public records laws.While partnerships stand to amplify mutual interests and success, someare considered ethically problematic. When a politician, for example,partners with a corporation to advance the corporations interest inexchange for some benefit, a conflict of interest results. Outcomes forthe public good may suffer. While technically legal in some jurisdictions,such practice is broadly viewed negatively or as corruption.Governmentally recognized partnerships may enjoy special benefits in taxpolicies. Among developed countries, for example, business partnershipsare often favored over corporations in taxation policy, since dividendtaxes only occur on profits before they are distributed to the partners.However, depending on the partnership structure and the jurisdiction inwhich it operates, owners of a partnership may be exposed togreater personal liability than they would as shareholders of a corporation.In such countries, partnerships are often regulated via anti-trust laws, so asto inhibitmonopolistic practices and foster free market competition.Enforcement of the laws, however, is often widely variable. Domesticpartnerships recognized by governments typically enjoy tax benefits, aswell. ~9~
  10. 10. 3-Private ltd.- In a private limited company, all the shares aremanaged by a small number of people and their liability is limitedto the extent of each individual shared held by them.Section 3 (1) (iii) defines a private company as one which— 1. has a minimum paid-up share capital of Rs.1 Lakh or such higher capital as may be prescribed; and 2. by its Articles Association: 3. restricts the right of transfer of its share; 4. limits the number of its members to 50 which will not include: 1. members who are employees of the company; and 2. members who are ex-employees of the company and were members while in such employment and who have continued to be members after ceasing to be employees 5. prohibits any invitation to the public to subscribe for any shares or debentures of the company; and 6. Prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives.This goes to say that a private company, in addition to the earlierconditions, shall have a minimum paid-up share capital of Rupees OneLakh or such higher capital as may be prescribed and its Articles shallprohibit invitation or acceptance of deposits from persons other than itsmembers, directors or their relatives. In case of such companies, publicinterest is not involved.The basic characteristics of a private company in terms of section 3(1)(iii)of the Act do not get altered just because it is a subsidiary of a publiccompany in view of the fiction in terms of section 3(1)(iv)(c) of the Act that ~ 10 ~
  11. 11. it is a public company. May be it is a public company in relation to otherprovisions of the Act but not with reference to its basic characteristics. Interms of that section, a company is a private company when its articlesrestrict the right of transfer of shares, restricts its membership to 50(other than employee’s shareholders) and prohibits invitation to public tosubscribe to its shares. Therefore, all the provisions in the articles tomaintain the basic characteristics of a private company in terms of thatsection is restriction on the right to transfer and the same will apply evenif a private company is a subsidiary of a public company.4-Incorporation (Inc.) is the forming of a new corporation (a corporationbeing a legal entity that is effectively recognised as a person under thelaw). The corporation may be a business, a non-profit organization, sportsclub, or a government of a new city or town. This article focuses on theprocess of incorporation;Registration type-1-S.S.I.- Defining small-scale industry is a difficult task because thedefinition of small-scale industry varies from country to country and fromone time to the another in the same country depending upon the patternand stage of development, government policy and administrative set up ofthe particular country.Every country has set its own parameters in defining small-scale sector.Generally, small-scale sector is defined in terms of investment ceilings onthe original value of the installed plant and machinery. But in the earlier ~ 11 ~
  12. 12. times the definition was based on employment. In the Indian context, theparameter are as follows.The Fiscal Commission, Government of India, New Delhi, 1950, for the firsttime defined a small-scale industry as, one which is operated mainly withhired labour usually 10 to 50 hands.Fixed capital investment in a unit has also been adopted as the othercriteria to make a distinction between small-scale and large-scaleindustries. This limit is being continuously raised up wards by government.The Small Scale Industries Board in 1955 defined, "Small-scale industry asa unit employing less than 50 employees if using power and less than 100employees if not using power and with a capital asset not exceeding Rs. 5lakhs".The initial capital investment of Rs. 5 lakhs has been changed to Rs. 10lakhs for sma industries and Rs. 15 lakhs for ancillaries in 1975. Again thisfixed capital investment limit was raised to Rs. 15 lakhs for small units andRs. 20 lakhs for ancillary units in 1980. The Government of India in 1985,has further increased the investment limit to Rs. 35 lakhs for small-scaleunits and 45 lakhs for ancillary units.Again the new Industrial Policy in 1991, raised the investment ceilings inplant an machinery to Rs. 60 lakhs for small-scale units and Rs. 75 lakhs forancillary units.As per the Abid Hussain Committees recommendations on small-scaleindustry, the Government of India has, in March 1997 further raisedinvestment ceilings to Rs. 3 crores for small-scale and ancillary industriesand to Rs. 50 lakhs for tiny industry.The new Policy Initiatives in 1999-2000 defined small-scale industry as aunit engage in manufacturing, repairing, processing and preservation ofgoods having investment in plant and machinery at an original cost notexceeding Rs. 100 lakhs.In case of tiny units, the cost limitation is up to Rs. 5 lakhs. Again, theGovernment of India in its budget for 2007-08 has raised the investmentlimit in plant and machinery of small-scale industries to 1.5 corers Anancillary unit is one which is engaged or proposed to be engaged in themanufacture c production of parts, components, sub-assemblies, tooling orintermediaries or rendering services and the undertaking supplies or ~ 12 ~
  13. 13. renders or proposes to supply or render not less than 50% of its productionor services, as the case may be, to one or more other Industriesundertakings and whose investment in fixed assets in plant and machinerywhether held on ownership terms or lease or on hire-purchase does notexceed Rs. 75 lakhs.For small-scale industries, the Planning Commission of India uses termsvillage an small-scale industries. These include modern small-scaleindustry and the traditional cottage and household industry.2-MSMESmall and Medium Enterprises (SMEs) play a vital role for thegrowth of Indian economy by contributing 45% of industrialoutput, 40% of exports, employing 60 million people, create 1.3million jobs every year and produce more than 8000 qualityproducts for the Indian and international markets. SME’sContribution towards GDP in 2011 was 17% which is expected toincrease to 22% by 2012. There are approximately 30 millionMSME Units in India and 12 million persons are expected to jointhe workforce in the next 3 years. SMEs are the fountain head ofseveral innovations in manufacturing and service sectors, themajor link in the supply chain to corporate and the PSUs. Bypromoting SMEs, the rural areas of India will be developed.SMEs are now exposed to greater opportunities than ever forexpansion and diversification across the sectors. Indian market isgrowing rapidly and Indian entrepreneurs are making remarkableprogress in various Industries like Manufacturing, PrecisionEngineering Design, Food Processing, Pharmaceutical, Textile &Garments, Retail, IT and ITES, Agro and Service sector.Definition of MSMEs in India Manufacturing Enterprises – Investment in Plant & MachineryDescription INR USD($)Micro upto Rs. 25Lakhs upto $ 62,500 ~ 13 ~
  14. 14. Enterprises above Rs. 25 above $ 62,500 &Small Lakhs & upto Rs. upto $ 1.25Enterprises 5 Crores million above Rs. 5 above $ 1.25Medium Crores & upto Rs. million & upto $Enterprises 10 Crores 2.5 million Service Enterprises – Investment in EquipmentsDescription INR USD($)Micro upto Rs. 10Lakhs upto $ 25,000Enterprises above Rs. 10Small above $ 25,000 & Lakhs & upto Rs.Enterprises upto $ 0.5 million 2 Crores above Rs. 2 above $ 0.5Medium Crores & upto Rs. million & upto $Enterprises 5 Crores 1.5 million3-SIA:The Security Industry Authority (SIA) is the organisation responsible forregulating the private security industry in the UK. It is a non-departmental ~ 14 ~
  15. 15. public body reporting to the Home Secretary and was established in 2003under the terms of the Private Security Industry Act 2001.The SIA has two main duties. One is the compulsory licensing ofindividuals undertaking designated activities within the private securityindustry; the other is to manage a voluntary Approved Contractor Scheme,which measures private security suppliers against independently assessedcriteria.On 14 October 2010 the UK Governments Cabinet Office made anannouncement on the future of many public bodies. Its intention for the SIAwas stated as: Security Industry Authority - No Longer an NDPB -Phased transition to new regulatory regime. The exact nature of thisnew regulatory regime is yet to be determined. In the meantime the existingregulatory regime remains in place and existing laws will continue to beenforced.. One of the main duties of the SIA is the compulsory licensing ofindividuals working in specific sectors of the private security industry.Whether or not an individual requires a licence is determined by the rolethat is performed and the activity that is undertaken. These aredescribed fully in Section 3 and Schedule 2 of the Private Security IndustryAct 2001 (as amended). It is a criminal offence to engage in licensableconduct without a licence: if found guilty, the maximum penalty is sixmonths imprisonment and/or a fine of up to £5,000.Types of SIA LicenceThere are two types of SIA licence: A front line licence is required if undertaking licensable activity, other than key holding activities (this also covers undertaking non-front line activity). A front line licence is in the form of a credit card-sized plastic card that must be worn, subject to the licence conditions. A non-front line licence is required for those who manage, supervise and/or employ individuals who engage in licensable activity, as long as front line activity is not carried out - this includes directors or partners. A ~ 15 ~
  16. 16. non-front line licence is issued in the form of a letter that also covers key holding activities. Objective1-To provide Unique registration number to companies in Haryana.2-To estimate the av. electricity consumption by companies.3-To estimate the requirement of land in Industrial areas in Faridabad.4-To estimate % of companies connected with DHVBN virsues UHVBN5-To reduce paper work for different industrial works. ~ 16 ~
  17. 17. Literature Review  The President under Notification dated 9th May 2007 has amended the Government of India (Allocation of Business) Rules, 1961. Pursuant to this amendment, Ministry of Agro and Rural Industries (Krishi Evam Gramin Udyog Mantralaya) and Ministry of Small Scale Industries (Laghu Udyog Mantralaya) have been merged into a single Ministry, namely, “MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (SUKSHMA LAGHU AUR MADHYAM UDYAM MANTRALAYA.  Worldwide, the micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The major advantage of the sector is its employment potential at low capital cost. The labour intensity of the MSME sector is much higher than that of the large enterprises.  The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSMEs play a pivotal role in the overall industrial economy of the country. In recent years the MSME sector has consistently registered higher growth rate compared to the overall industrial sector. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession. As per available statistics (4th Census of MSME Sector), this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of value, MSME sector accounts for about 45% of the manufacturing output and around 40% of the total export of the country. ~ 17 ~
  18. 18.  The Government of Haryana proposes to undertake a fresh survey of industrial units established and operating in the State as it has become imperative to understand the dynamics of MSME Sector in the background of new parameters fixed under the provisions of MSME Development Act, 2006. It is simultaneously intended to create a database of the number of existing and operating industrial units along with those in the process of being established. -: RESEARCH METHODOLOGY:-Nature of researchSince source of primary data is available. It was decided that the analysis had to beprimary research, collected directly from the field. This is a primary research .Sample Area: Industrial areas of FaridabadData collection: Data collected directly from fieldSoftware used: MS word.,MS excel. ~ 18 ~
  19. 19. Findings First I have to collected data of the region Assess relationships such as manufacturing and srvice. Model events such as impact of registration Improve workflow processes, from data gathering and analysis to publication and distribution of findings. ~ 19 ~
  20. 20. DIRECTORATE OF INDUSTRIES & COMMERCEInterviewer’s Name: Supervisor Name:_________________________________________________________________________________ Inward taken by: ___________________Inward Survey Date: __________________Validation Date:_________ Date: ______________ Form Validated by: ______________________________________________ Validation Comments: __________________________________ Verified by: 1.________________ ____________________________________________________________ 2.___________________ Verification Date 1.________________ Verification Comments 1.________________ 2.__________ 2.___________________ Allotted Unique Registration Number H R BASIC PARTICULARS Name of the Firm/Company Type or Nature of the Proprietorship 0 Partnership 0 Pvt. Ltd/Ltd. 0 Any Other Firm/Company __________________________ Plot/Unit No. Location/ Address of the Area/Locality Manufacturing Facility/Unit City/Town/Vil lageBloc Distr k ict Name of Authorized/Competent Respondent & Designation Contact No. E-Mail (Mobile/Phone) ID Classification of Area/Location (Please ) Industry Category (Please ) Urban 0 Rural 0 Manufacturing0 Service0Date of Commencement of Commercial Production (If exact date is not known,mention ~ 20 ~
  21. 21. Does your unit have a credit rating? Is the Unit Self-Financed or loan has been availed?Yes 0 No 0 Don’t Know/Can’t Say 0 Self Financed 0 Loan Availed 0Term Loan Outstanding as on 31-03-2011? Status on Term Loan? Regular 0 In Default 0 N.A. 0 Rs. month/year) Any MSME SSI 0 SIA 0 Other____________________________________ Are you registered 0 __________ with any of the mentioned bodies? Registration No. _____________________________________________________________________________ _________ Area of Land available under the Unit Built-up Area __________________ sq.mtr ______________________________ _ sq.mtr Whether allotted an Ind. Plot in HSIIDC/HUDA developed Ind. Estate or purchased/Own land outside the same (Pl. ) HSIIDC/HUDA/Ind. Dept. Estate 0 Conforming Area 0 Non- Outside Controlled Area 0 Conforming Area 0 Within Controlled Area and on CLU Basis 0 Not Not Aware 0 Aware 0 Units Located in Land which is Self-Owned 0 Hired on Lease Basis 0 (Please ) CREDIT STATUS & SUBSIDY ~ 21 ~
  22. 22. ___________________________________________________________ Working Capital Loan Sanctioned as on 31-03- 2011? Working Capital Loan Availed as on 31-03-2011? Rs. Rs. __________________________________________________________________________________________________________________________ Amount of Subsidy Availed from Government, if any? Any other Rs. _________________ Capital Rs. Gen Set Rs. Freight Rs. _________________________________ ____________________ ____________________ ____________________ Financial Assistance availed from the state in the form of “Interest-Free Yes 0 No 0 Loan” ~ 22 ~
  23. 23. EMPLOYMENT GENERATION Details Male Female Total Direct (on the rolls of unit) Indirect (Through Outsourcing/Contract Labour), etc Total Employment Generated TAX REGISTRATION DETAILS TIN CST Service PAN Tax AnyEXCISE Other ENERGY SOURCING DETAILS Connected for Electricity Supply with: Do you have any power back-upUHBVN 0 DHBVN 0 No Connection facilities? Yes 0 No 0 0 Sanctioned Load( in KVA): If Yes, Capacity of Gen-set Installed? _____________________________ (in KVA) _________________ Connected Load: (in KVA): Type of Fuel? Diesel 0 Gas 0 Others _______________________________ (Pl. Specify_____________) Any preference for natural gas Yes 0 No 0 Don’t linkage? Know/Can’t Say 0 PRODUCTS MANUFACTURED/SERVICES OFFERED AS ON 31.03.2011 3. Items/Products Installed Average Selling Rate Manufactured/Service Capacity (in Rs.) i). _____________________ ________________________________________________________________ ____________ _________________ __________________ _____________________ ____________________________ii)._________________________________ _____________ _________________ _____________________ CAPITAL INVESTMENT Any expansion done If Yes, Yr. of Expansion: ________, Increase inin last 3 Years? Yes 0 Capacity (in %):_______ ~ 23 ~
  24. 24. No 0 Initial Capital Rs. Investment(on _____________________________________Machinery & Equipment) _______________Details Phase-I Expansion ofCapitalInvest Cumula Cumula ment tive till 200 2009 2010- 2008- 2009 2010- tive till made 2007- 8- 2010- -10 11 09 -10 11as per 08 09 11Original Book Value LandBuildin gMachin ery &Equipm entOthersTOTALCategory of the unit Micro 0 Small 0 Medium 0 Large 0(Please ) NEED & PLANS FOR EXPANSION Any Need & Plans for Yes 0 No 0 Don’t Know/Can’t Expansion? Say 0 If Yes, would you like to be If Yes, How much land (in sq. mtr): allotted land in a Developed ______________________________Industrial Estate? Yes 0 No Possible Locations: 0 _________________________________________________ TURNOVER & CAPACITY ~ 24 ~
  25. 25. Financial Year 2008-09 2009-10 2010-11Value of Turn Over (in Rs.) Value of Exports, if any (in Rs.)Installed Capacity/Value of Services Capacity Utilization (%) Profit Making 0 Incurring Profit/Loss Status Loss 0 Do you have any other company apart from this Yes 0 No If Yes, No of Companies one? (Any Sister 0 ___________________________________ Concern/Subsidiaries)Following are the main limitations of Marketing Research:  Marketing Research (MR) is not an exact science though it uses the techniques of science. Thus, the results and conclusions drawn upon by using MR are not very accurate.  The results of MR are very vague as MR is carried out on consumers, suppliers, intermediaries, etc. who are humans. Humans have a tendency to behave artificially when they know that they are being observed. Thus, the consumers and respondents upon whom the research is carried behave artificially when they are aware that their attitudes, beliefs, views, etc are being observed.  MR is not a complete solution to any marketing issue as there are many dominant variables between research conclusions and market response.  MR is not free from bias. The research conclusions cannot be verified. The reproduction of the same project on the same class of respondents give different research results.  Inappropriate training to researchers can lead to misapprehension of questions to be asked for data collection. ~ 25 ~
  26. 26.  Many business executives and researchers have ambiguity about the research problem and it’s objectives. They have limited experience of the notion of the decision-making process. This leads to carelessness in research and researchers are not able to do anything real. There is less interaction between the MR department and the main research executives. The research department is in segregation. This all makes research ineffective. MR faces time constraint. The firms are required to maintain a balance between the requirement for having a broader perspective of customer needs and the need for quick decision making so as to have competitive advantage. Huge cost is involved in MR as collection and processing of data can be costly. Many firms do not have the proficiency to carry wide surveys for collecting primary data, and might not also able to hire specialized market experts and research agencies to collect primary data. Thus, in that case, they go for obtaining secondary data that is cheaper to obtain. MR is conducted in open marketplace where numerous variables act on research settings. ~ 26 ~
  27. 27. Limitations of the research:1-As we know that people in India are narrow minded.They do not have faith inpeople.so that ,they are not ready to fill questionnaire or share the data of theircompany.They use to relate us with income tax department.2-Many times,during visit to the company,we could not meet the concern person sothat we could collect data.3-The different departments in a company is also a problem for data collectionbecause we have to go through different departments.4-Some times they use to give false data,that directly affect the project work. ~ 27 ~
  28. 28. Chart Title Manufacturing company Service company total respondant 45% 50% 5%In sector-6 of Faridabad,total visits for filling questionarre are 167 and total respondant were 50%,in which 45% are manufacturing company and 5% are service company ~ 28 ~
  29. 29. ~ 29 ~
  30. 30. ~ 30 ~