Beruflich Dokumente
Kultur Dokumente
Submitted by:
Name of the Student: Harsh Parasher
Roll No. : 1719PGDM1403
Program : PGDM
Batch : F2
1. Acknowledgement
2. Executive summary
3. Chapter 1
Introduction
Tasks Assigned
Objectives of the project
4. Chapter 2
Company profile
Product profile
5. Chapter 3
Tasks assigned
Steps undertaken to achieve tasks
6. Chapter 4
Gains of the study
Limitations
7. Chapter 5
Recommendations
Results of questionnaire
Findings
Learnings
8. Bibliography
9. Appendix
Acknowledgement
"It is not possible to prepare a project report without the assistance &
Encouragement of other people. This one is certainly no exception.”
On the very outset of this report, I would like to extend our sincere &
heartfelt obligation towards all the personages who have helped me in
this endeavor. Without their active guidance, help, cooperation &
encouragement, I would not have made headway in the project.
Thanking you,
Harsh Parasher
EXECUTIVE SUMMARY :
INTRODUCTION TO FOREX
5.Analysis of Questionnaire:-
FRR Forex
5. Powai (Mumbai)
6. Thane (Mumbai)
7. Navsari (Gujarat)
Sales Purchase
Reatail Purchase
Retail Sales Wholesale Wholesale
a) Surrender Purchase
a) Personal a)Bank
b) Encashment
b)Business
Forex
Inward Forex
Activities:-
The company is involved in Money Changing activities as
stipulated by the Reserve Bank of India. The includes buying/
selling as well as exports of foreign currencies against Indian
Rupees. The customers include:
Corporate Houses
Banks & FFMCs
Travel Agents
Hotels and College
Hospitals & Trust
Walk-ins
Products Service
Currency Note Money Transfer
Inward Forex
Tradable and Remittance
Exotic
Currencies
Travelers
Cheque
Axis(Multi
Currency Card)
Tradable and Exotic Currencies:-
We at FRR Forex deals in foreign currency note of 26 countries.
In order to avoid conversion and hassle free travel, destination
currencies are made available.
Exotic currencies are the currencies that are available very rare
in the market and have to be given prior notice to make it
available for the customers (prior notice of 4 days).
Exotic Currency :-
Srilankan Rupee
Russian Ruble
Turkish Lira
Indonesian Rupees
Traveler’s Cheque : -
The safe and easy way to received money from your loved ones
abroad western union is a global leader in money transfer and
message service with the history of pioneering service dating
back more than 150 years.
Corporate Frequent
Traveller
The SWOT analysis of FRR Forex Pvt.Ltd.—
In order to get good overview about the market scenario
general analysis is not enough so we have also done a swot
analysis.
Strength:
Experienced Personnel
Large Branch Network
Goodwill in the market
Prominent Location
Door to door services
Weakness:
Newly incorporated
Lack of brand name
High rates
High competition with the companies having worldwide
setup and global recognition.
Opportunities:
Increasing market scope
Tour operators (inbound and outbound) Globalization
Government rules and regulations
Threats:
Increasing competition
Existence of grey market
Globalization
Government rules and regulations.
Competitor Analysis:-
MARKETS
5%
4%
8% 25%
16%
18%
11% 13%
Chapter 3
Tasks assigned:-
1. Approaching banks in order to good relations with
them,know their feedbacks for the services offered by
FRR,and also to find out the issues faced by them.
2. Approaching NSAs in order to know the reasons why
they only gave 1 or 2 transactions during last year.
3. Preparing a data of all the banks in andheri region.
4. To find out new industries who require foreign
exchange currency.
Chapter 4
Gains of the study:-
Limitations
The basic limitation that was faced was that appointments in
the banks was hard to get, the concern authorities was not
always available also they were reluctant to share their
private information to a researcher with a huge area to cover.
The sample size was comparatively very small compared to
the population.
There were less open ended questions compared to
closed ended questions in questionnaire.
Chapter 5
General – Recommendation :-
Company should tie up with MNC Company to increase
business.
Company should empanelment to more banks to increase
more references.
Quotations should be sent on emails to the potential
customer periodically so that recalls increase.
their Sales.
Company should tie up with travel agents to increase their
Sales.
Company should target new industry like foreign wedding
planner, medical tourism companies.
Target more on encashment as it give more margin on
sales then procuring from market.
Results of questionnaires.
21%
1%
78%
Findings:-
www.rbi.org.in
www.frrforex.in
www.xe.com
www.thomascook.in
www.wizeman.in
www.centrum.in
Appendix
START UP COMPANIES
Industry:
Address:
Contact Number:
1-5
PARAMETERS 1 2 3 4 5
Service
(Reliability, Availability,
Convenience)
Rates
Repurchase
TC
Prepaid Card
Any TT / DD Remittance
B) If yes, have you availed the services of FRR Forex Pvt Ltd.?
Rate the quality of service provided by FRR Forex Pvt Ltd. on a scale of 1-
5
PARAMETERS 1 2 3 4 5
Service
(Reliability, Availability,
Convenience)
Rates
Repurchase
CONTACT PERSON/DEPT :
TELEPHONE NO.
Questionnaire:
1. Does the bank (branch) encash Currencies & Travelers cheques?
Yes No
If yes,
7. How did you first come to know about FRR FOREX PVT.LTD?
Word of mouth
Sales People
Advertisements
Travel Agent
Name of Trainee:
Branch Placed:
PROJECT FOR SUMMER TRAINEES
Yes No
Q 8. Which are the largest criteria of the following factors which influences your
purchase Decision of foreign currency?
2) Rates
3) Network - Multilocational
USAGE STUDY:
Yes No
If yes
Q11. How did you first come to know about FRR FOREX PVT? LTD.?
Word of mouth
Sales People
Advertisements
Travel Agent
Q12. How would you spontaneously describe the quality of service provided by?
FRR FOREX PVT. LTD?
Q13. Would you be interested to discuss in detail with respect to your requirements With
FRR Executive?
If the answer to anyone of the above is NO then would you be interested to discuss with
Our FRR executive.
Q 15. Would you be interested in booking Forex online/ through the Portal?
Q16. Would you like to avail of other services like Derivatives/ Travel related Services?
Name of Trainee:
Branch Placed: