A Project Report On " A Study On 5 Rays Consulting India Private Limited"

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A PROJECT REPORT ON

“ A STUDY ON 5 RAYS CONSULTING INDIA PRIVATE


LIMITED”

Submitted in the partial fulfilment of B.B.A, Bangalore City University By

GANESH. N
Reg. No. B1928643
Under the guidance of Prof.
SHIVAKUMAR C

SESHADRIPURAM FIRST GRADE COLLEGE YELAHANKA,


BANGALORE

2021-2022
GUIDE CERTIFICATE

This is to certify that the project entitled “A STUDY ON 5 RAYS CONSULTING

INDIA PRIVATE LIMITED” submitted by GANESH.N bearing Register No:

B1928643 student of 5th Semester BBA in partial fulfillment of requirements of degree of


business administration, and was conducted under my guidance. The report is the result of her
own research work and is a record of candidate’s personal efforts. The work has not been
submitted to any other institutes/ university.

PLACE: BANGALORE SIGNATURE OF THE GUIDE

DATE: Prof. SHIVAKUMAR


ACKNOWLEDGEMENT

At the outset, I express my sincere thanks to all the people who helped in completing this
project. I thank SESHADRIPURAM FIRST GRADE COLLEGE, YELAHANKA,
the college that has been working towards the Nobel mission of providing quality and
holistic knowledge to its students.

I wish to take up this opportunity to express my deep sense of gratitude to DR. S.N.
VENKATESH, principle of our college for giving us an opportunity to make this project.

I am grateful to my internal guide SHIVAKUMAR (M.com, MPhil, PHD)

who has guided me in each and every mode of the project work and helped me in
understanding better.

I am grateful to our BBA CO-ORDINATOR VAISHALI NARAYAN who has given brief
information about whole project. I am very grateful for their inspiration, advice and support

in completion of this project work.

I would like to thank my family and friends who have directly or indirectly helped me in
successful completion of this project, and will remain the source of inspiration to ensure the
success of this project.

PLACE: BANGALORE GANESH.N


DECLARATION

I GANESH. N hereby, declare that the project work titled “A STUDY ON 5 RAYS
CONSULTING INDIA PRIVATE LIMITED” is an independent study carried out
by me during my major concurrent project, I also here by declare that this report is not being
submitted to any organization and the data will be held confidential.

PLACE: BANGALORE GANESH.N

DATE: REG NO: B1928643


TABLE OF CONTENTS

PAGE NO
SL.NO CHAPTERS

1 INTRODUCTION OF THE COMPANY 1-19

2 NATURE OF THE BUSINESS 20-23

OBSERVATIONS AND
3 24-27
LEARNINGS

CONCLUSION 28
A STUDY ON ACCOUNTING AND FINANCING IN BHARATH FURNIHSINGS

CHAPTER-1
INTODUCTION OF THE
COMPANY
5 RAYS CONSULTING INDIA PRIVATE LIMITED

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A STUDY ON ACCOUNTING AND FINANCING IN BHARATH FURNIHSINGS

HISTORY OF THE COMPANY

Five Rays Consulting India Private Limited is a 7 years 9 days old Private
Company incorporated on 30 Jun 2015. Its registered office is in Bangalore,
Karnataka, india.

The Company's status is Active, and it has filed its Annual Returns and Financial
Statements up to 31 Mar 2021 (FY 2020-2021). It's a company limited by shares
having an authorized capital of Rs 0.10 cr and a paid-up capital of Rs 0.10 cr as
per MCA. 3 Directors are associated with the organization. Guruprasad Gopal,
Raghavendra Narayanappa and Muvva Vijaykumar are presently associated as
directors Today, change is the only constant. Trends that are rapidly changing,
dictated by technology and accelerated by global changes, are delivering a better
quality of life. Enhanced communication connectivity is driving business,

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industry and nations as never before. In directions that were not even thought of
few years ago. This has spawned a great deal of mobility between continents and
countries. Geographically multi-location offices have come to stay, with large,
global corporations spreading their business beyond borders, which have become
seamless, internationally. The challenge for such corporations is to achieve 1) A
high degree of efficiency in operations. 2) Become strategically competent.

To develop and provide solutions that would support these objectives requires the
delivery of a host of professional services, on a global scale.

The demanding needs of companies and individual clients require these to be


met with total care, customer-centric attention focused on providing solutions at
optimum cost.
Five Rays Consulting India Private Limited is a Private incorporated on 30 June
2015. It is classified as Non-govt company and is registered at Registrar of
Companies, Bangalore. Its authorized share capital is Rs. 1,000,000 and its paid
up capital is Rs. 1,000,000. It is inolved in Business activities n.e.c.

Five Rays Consulting India Private Limited's Annual General Meeting (AGM)
was last held on 30 November 2021 and as per records from
Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31
March 2021. Directors of Five Rays Consulting India Private Limited are Muvva
Vijaykumar, Raghavendra Narayanappa, Guruprasad Gopal, .

Five Rays Consulting India Private Limited's Corporate Identification Number is


(CIN) U74900KA2015PTC081240 and its registration number is 81240.Its
Email address is [email protected] and its registered address is 421,5TH MAIN
ROAD HRBR LAYOUT,2NDBLOCK,KALYAN NAGAR BENGALORE
Bangalore KA 560043 , . Current status of Five Rays
Consulting India Private Limited is - Active.

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Company Details

CIN U74900KA2015PTC081240

FIVE RAYS CONSULTING INDIA


Company Name
PRIVATE LIMITED

Company Active
Status

RoC RoC-Bangalore

Registration 81240
Number

Company Company limited by Shares


Category

Non-govt company
Company Sub
Category

Class of Company Private

30 June 2015
Date of
Incorporation

7 years, 0 month, 8 days


Age of Company

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Activity Business activities n.e.c.


Click here to see other companies
involved in same activity.

Number of
Members

VISION AND MISSION

The vision are to be established as one of the top mobility services company in
the country, by providing best solutions to our clients.

The mission are to provide continued customer satisfaction by maintaining


quality of service, values, effective cost and turnaround time to become the
leading service provider in the industry today.

THE SERVICES PROVIDED ARE

ONE-STOP Mobility services

1. Immigration & Work Permit Processing

Movement of people into destination country.

2. Umbrella / Professional Employer Organization This is a robust Model of


a business entity.

3. Relocation / Destination Service

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Internal Business process to transfer employee

4. Global Recruitment

Process of selecting, shortlisting best candidates for job.

5. Global Payroll
It is based on our vast experience in innovative payroll processing
6. US Attorney Support
5-Rays is a proud partner of one of the top 100 Attorneys of US in APAC
region.

7. Petition Drafting
High quality drafting and advices will be rendered at your service.
8. Attestation / Legalization
The documents are all attested and legalized with us.
9. Visa Stamping
Providing end to end solutions to our client for visa stamping.
10. Advisory Service
We provide you with specific advice to match your need.

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A STUDY ON ACCOUNTING AND FINANCING IN BHARATH FURNIHSINGS

5-Rays ADVANTAGES
1. QUALITY
Uncompromising adherence to quality at all levels.

2. ADAPTABLE SERVICE MODEL


We make it a religion to listen to customers needs.

3. GLOBAL PRESENCE
We are locally accessible, and globally successful.

4. FLEXIBLE
A strong supply chain link mechanism makes our delivery mechanism
team a lean.

5. COST LEADERSHIP
Close monitoring and cutting down of costs to pare down losses.

5-Rays OBJECTIVES
1) A high degree of efficiency in operations.

2) Become strategically competent. To develop and provide solutions that


would support these objectives requires.

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5-RAYS TEAM

VIJAY KUMAR MUVVA (GROUP EXECUTIVE DIRECTOR


& CO-FOUNDER)
About
Entrepreneurial executive offers successful record of directing cost-effective
business operations, using both outsourced and domestic professionals …..
Proven ability to develop accounts from zero-base and market….. Building a
start-up IT Services company, producing brand-name into an effectively
functioning enterprise. An MBA graduate in international business and marketing
as the specializations and professional working experience in IT Project
Management, IT Services Marketing...Proficient in all sales cycle phases from
lead generation and presentations to negotiation, closing and follow-up. Faster
response to customer problems has been the motive all the time to build the
goodwill with the customers and bring in repetitive / referral business.

Specialties: Software Application Support Services, Network / Data Center


Maintenance and Monitoring, Systems Support Services (on-site), IT Consulting
and Staff Augmentation.

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RAGHAVENDERA N ( DIRECTOR & CO-FOUNDER)

Director and GEO Head - EMEA & APAC at Five Rays Consulting Pvt
Bengaluru, Karnataka, India Ltd.

Experience

Coordinator - Global Mobility


HELMA International
Team Member
Tech Mahindra (formerly Mahindra Satyam)
Executive-Admin
Mu Sigma
Executive
Aditya Birla Group

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GURUPRASAD G ( DIRECTOR & CO-FOUNDER)

Global Expansion Strategist – Guiding Businesses to explore in New


Geographies

About
A Senior Immigration Specialist with an expertise in Immigration policies,
procedure and compliance for Various Countries along with Team Management,
Strategic Planning, Policy Implementation, Relationship Management, Project
Management, Process Management, Program Management and Operations
Management in IT and Legal Industry.

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CHAPTER-2
NATURE OF THE BUSINESS

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Immigration & Work Permit Processing

Global immigration

Strategic deployment of employees, both locally and internationally, is critical for


companies to succeed. 5-Rays has a credible record of success in guiding
companies to success. We have been engaged fruitfully in this endeavor to serve
corporate sector for over two decades.

5-Rays works through three areas of engagement:

• Assessing the nature of deployment

• Expert evaluation of available options, and

• Deciding and recommending the work permit and visa types which are most
appropriate.

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This multi-pronged approach enables 5-Rays to offer comprehensive immigration


services. Companies can apply the benefits of our expertise to both short and long
term international assignments of their employees.

Work permits vary by

• Country

• Circumstancs

This poses complex, cross - border cultural challenges to companies.

It is here that 5-Rays succeeds, designing customized solutions, according to the


needs of the company. We ensure that the solutions we design are totally in
compliance with immigration laws in force, and are robust enough to support the
business needs of our clients.

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Immigration Assistance

We specialize in providing fast and reliable services handling the immigration


requirements professionally. Our visa services are applicable to the following
areas

• Work Permits

• Visa stamping

• Local registration

Outbound Immigration

• Discuss and understand the client deployment requirements in the host country

• Access the case and suggest the appropriate work permit category considering
local compliance

• Guide through the process and list of documents from an assignee, home country
company and host country company

• Advice on the type of contract (Home /host country) and salary requirement

• Filing the application with respective authority and follow up on regular basis

• Take care of end to end process including both pre arrival and post arrival steps
• Extension of immigration documents and automatic notification to client well
in advance of document expiration

• Extension of immigration documents and automatic notification to client well


in advance of document expiration

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CHAPTER-3

OBSERVATION AND LEARNINGS

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INTERNSHIP DETAILS

 Internship period - 21days

 Internship timings - 10:30 AM to 5 PM

 Place of internship – kalyan nagar

 Business type – Immigration

PLACE OF INTERNSHIP

As per the company’s decision, I was allotted to do my internship in the 5 Rays


for 21 days. Where it is located in kalyan nagar Bangalore.

ABOUT FUNCTIONS OF PAYROLL AND ATTENDANCE

Calculate payroll and disburse salaries in RazorpayX Payroll automates payments


and filings of compliances like TDS, PF, ESI, PT, and more.
The proposed project “Payroll and attendance” has been developed to overcome
the problems faced in the practicing of manual system. This is built to eliminate
and in some cases reduce the hardships faced by the existing system.
Moreover this system is designed for particular need of the company to carry out
its operations in a smooth and effective manner.

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This web application is reduced as much as possible to avoid errors while entering
data. It also provides error message while entering invalid data. It is user-friendly
as no formal knowledge is required to use the system.
Human resource challenges are faced by every organization which has to be
overcome by the organization. Every organization has different employee and
payroll management needs. Therefore I have design exclusive Employee and
payroll Management System that are adapted to the organization’s Managerial
Requirements.
The purpose of this document is to describe the functionality and specifications
of the design of a web application for Managing Employees and their payroll. The
expected audiences of this document are the developers and the admin of the web
application. Now with the help of this system the admin has the information on
his finger tips and can easily prepare a good record based on their requirements.
Finally, we can say that this system will not only automate the process but save
the valuable time of the manager or the admin, which can be well utilized buy his
institute. This will be an additional advantage and management of power based
on their free time from his normal duty

Payroll process

Time sheet, calculations of statutory contributions and deductions, remitting


funds to employee account, issue pay slip, make statutory payments to
respective authorities, maintain records and reports.

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THINGS LEARNT FROM DOING INTERNSHIP

1. How to put my knowledge and skills into practice


My knowledge on business was transferred into a series of
practical techniques and skills that I can now implement in real-life
business scenarios.

2. The benefits of networking


During my internship, I learned how to communicate and build
relationships with the people I worked with. I learned how to introduce
myself, talk about my interests, knowledge and skills with entrepreneurs
and business owners, as well as how to ask questions and gain a better
understanding of business.

3. Understanding workplace culture


Culture influences communication, and as a student, I learned that
every company or organization has its own culture. Its essential to observe
others and learn how they engage and interact with co-workers, or help
them with projects and reports.

4. Enthusiasm is invaluable
As an intern, I discovered its essential to be enthusiastic and open to
learn new skills, being curious to learn and ask questions. Having curious
also means that, as an intern, will get a lot out of what you’re doing, which
opens lost of opportunities.

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5. Learnt good communication


Communication is the key to success in professional environment. I
learned that its important to communicate with my manager or owner if I
Have questions or if I don’t know how to work on a task. Asking for help
and clarification is better than pretending you’ve understood what you need
to od, no matter what.

6. Taking feedback
after doing the tasks which is said to be done receiving feedback is very
important, it is essential to take note of both the positive and negative
points for the future, so you can grow and excel in your career

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CONCLUSION

This project is built keeping in mind that it is to be used by only one user that is
the admin. It is built for use in small scale organization where the number of
employees is limited. According to the requested requirement the admin can add,
manipulate, update and delete all employee data in his organization. The admin
can add new departments and delete them. The Admin can also add predefined
pay grades for the employees. The required records can be easily viewed by the
admin anytime time he wants in an instant. The payment of the employee is based
on monthly basis. Numerous validations implemented would enable the admin to
enter accurate data. The main objective of this framework is to save time, make
the system cost effective and management records efficiently.

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