IIP PROJECT PROPOSAL

(TREEBO HOTELS)
A project proposal is a detailed description of a
series of activities aimed at solving a certain
problem

VISHAKHA AGRAWAL
IIP PROJECT PROPOSAL 2016JULB02048
Batch: PGDM 2016-18
 Table of contents

Title of the project 2

Scope & Objectives of the project 2

Project goals 3

Problem identification 3

Solutions 3

General details of the student 4

Know your company 5

1
 IIP PROJECT PROPOSAL
Title of the project

MAINTAINING OF FIXED ASSET REGISTER (FAR) TO CONDUCT PHYSICAL

VERIFICATION OF ASSET IN ORDER TO KEEP TRACK OF DETAILS OF EACH
FIXED ASSET, ENSURING CONTROL AND PREVENTING MISAPPROPRIATION
OF ASSETS.

About the project

After joining the company, I was assigned to work with the FAM (Fixed Asset
Management) team of Treebo hotels, Bengaluru. I have to support the FAM team in
maintaining FAR of all the three consecutive years of Treebo Hotels. All the invoices
of the last three years were to be cross verified with the FAR maintained that if there
are any discrepancies need to be resolved. Accordingly, total number of assets is to
noted and need to be further physically verified so that the tagging of the assets can
be a reliable process.

Tools used: Microsoft office

Scope of the project

Treebo hotels wants to keep track of the correct value of assets, which allows
for computation of depreciation and for tax and insurance purposes. The FAR will
generate accurate, complete, and customized reports that suits the needs of
management. The register shows the value of assets, date of acquisition and other
details necessary to compute for depreciation and tax purposes. Fixed assets
include land, buildings, machineries and other items used in the business and are
not for sale in the ordinary course of operations. A FAR will allow a company to keep
track of fixed assets that are not under simple, direct control of the company. This
means owned and leased assets, assets under construction, and imported
assets. Any failure to maintain these records as required by the statute may entail
penalty, which may extend to imprisonment in some cases and Enterprises need to
follow the AS-10 Accounting for Fixed Assets & AS-6 Depreciation Accounting.

2
Objectives of the project

1. Resolving all the discrepancies occurred in FAR.

2. Cross verifying of all the assets quantity, category, serial number from the
invoices.
3. Data pulling from Invoices and recorded FAR.

Project Goals

1. Maintenance of FAR of all the invoices till date from the date of the acquisition
of the organization.
2. Resolving all the discrepancies highlighted on the registered FAR.
3. Physical verification of fixed assets according to the nature, quantity,
category, serial number and location.
4. Engraving the identification number on all the fixed assets i.e tagging of the
assets.
5. Keeping records of all the invoices and updating according to the FAM team .

Problems identified

 Asset category column is wrongly categorized.

 Serial number error is found together with number of items.
 Many of the invoices are missing in registered FAR.

Solutions

 Ensuring all the invoices are registered in FAR.

 Tagging of items from the very first day.
 Updating items with serial number on day to day basis.
 Avoiding re-works as much as possible.

3
General details of the student:

Name of the student: VISHAKHA AGRAWAL

Roll no.: 2016JULB02048

Course: PGDM (FINANCE &MARKETING)

Batch: 2016-18

Name of the faculty mentor: DR. SANGITA DUTTA GUPTA

IIP Category: Finance

TREEBO HOTELS (CORPORATE

OFFICE)
Organization:
AMR Tech Park, Block 1, First Floor, 23
& 24, Hosur Main Road, Bommanahalli,
Bengaluru, Karnataka 560068
Email id: Vishakha.agrawal@treebohotels.com

Contact details of the industry mentor: Cannot be disclosed

Designation: Finance Intern

4
Know your company:

Company name: Ruptub Solutions Pvt. Ltd. (Treebo Hotels)

Location: Bengaluru

Industry: Hospitality industry

Rahul Chaudhary, Sidharth Gupta, Kadam

Key management personal:
Jeet Jain
Industry mentor: CA SANJAY BHADANI

Annual turnover $20B

No. of employees: 600+ (2017)

Services: Hotels

Revenue: 20.6 crore

Competitors: Oyo, Fab hotels

Ward Ferry Management, Karst Peak
Investors:
Capital, Bertelsmann India Investments