15-02-2005, 11:10 PM
My name Rahul Abraham Mamman
Background - Bcom Third Year...
Also involved in my family biz..a pharmacy and a health and beauty store...
Went to see IIM A as I had given my centre as IIM A itself and very few ppl from cochin would have done that..
10th CBSE 89.2
12TH CBSE 86.4
Bcom 74 (But that s becoz English and Hindi are added...CGPA Would be 8.7 with Univ topper )
Cat percentile 99.87 VA 99.09 QA 99.7 DI 97.55
First was the GD ....There were 2 gals and six of us guys....we had time to interact for 20 mins before the interview..hence it was a good experience
The GD started of well..all of us spoke ..all of us contributed..and our brainstorming seemed to be good...and there was absolutely ...absolutely no problem with anyone during the GD ..The points were all good..and many added on to the orginal points too
Now I was no 8 ....I had nt given my certificate copies yet..They told me I could give it along with my interview.
So everyone had a decent interview..with Major C with 17 years of Army experience and 100 percentile in Cat ...was having a ball of time there with the panel..
Finally it was my turn
One of the proffies came to call me
I go in with a smile and wish them all ..they were all nice guys...
First question to me (I cant number them as I dont remember who asked me what ..I will try and give as accurate an account as possible )
Q What is one difficulity and one good thing that was present in keeping the venue for the GD PI at this new block ?
A Sir . The good thing was that I could come through the underpass ...Though I feel they could have had a straight passage ..walking through the underpassage was indeed a great experience .and there were a lot of things about IIMA in that passage and it was really informative...The difficulity that I encountered was that it was too far from the entrance and I did get lost at first
Q Are you from Ahmedabad
Ans No sir I m from Cochin (The proffie seemed a little suprised )
Q Why did you give IIM A as your centre ?
A It was been my dream to be in IIM A.. I have heard through people and read a lot about IIM A..I know it is the best institute..but I wanted to experience first hand what it feels like to be at IIMA..And Also I have a few friends in IIM A.
Q Did you do the same from IIM C :-x
A No sir ..I have only done that for IIM A
Q So what are you doing now
A I am in my third year of Bcom
Q What is your favourite subject ?
A I m reasonably comfortable with Capital Markets
Q What are capital markets ?
A It is the market for the buying and selling of shares and Debentures..It s the market through which the capital for the companies are raised .
Q What is a stock ?
A It is a certificate giving ownership of the company ., they can be given dividends when the company makes profits.
Q Why do people give money for these pieces of paper like debentures.?
A These debentures carry a fixed rate of return and these holders of these debentures will def get a certain fixed income in the form of money every year..
It can also be of the redeemable form
Q But why do they still accept these papers ..and nothing else is given ?
A Sir, These certificates have legal validity and they can be enforced by law hence it is quite a safe instrument to invest in .
Q What is the IPO market ?
A It s the market for intial public offering ..and it s when the company issues shares for the first time.
Q What is Primary markets ?
A It includes private placements also and IPO is part of the Primary market.
They ask me a little more in detail about the differences between Primary and IPO Market..I tell them that this is what I know and I m sure that there is more to it.
Next question is about
Bonus shares..
Q What are bonus shares
A The shares issued by the company free of cost to it s shareholders is known as bonus shares...It is issued sometimes in lieu of dividend.when the company has not been paying any cash dividend
Q Are bonus shares issued by companies which havent given any dividends so far ?
A Not that..but it is also issued by companies which have a good deal of reserves after the capitalisation also ..even if they have been giving a lot of dividends so far
Q Are all share holders treated separtely in terms of dividend payouts ?
A No sir .The preference shareholders are treated differently.They get only a fixed rate of return on their shares.
Q What about other share holders..can a particular company not give dividend to a group of the shareholders ?
A No that is not possible all shareholders have to be given equal treatment and dividend if given should be given to every single shareholder .
Q Suppose a company wants to make fresh issue what will it do ?
A It will have to approach the company law board get their permission and then can issue shares in the markets ..It can go in for rights issue where the present owners are given the right to purchase the shares first.
Q What would your company do if u wanted to list in the stock exchange.?
A First get approval from the Company Law Board..Meet all legal requirements..also approach the stock exchange and get permission so that you could list on the stock exchange.
Q What is deferred tax ?
A I start off on accounting tax ..and stop and say I m not sure..about this ..but I know what deferred revenue expenditure is '
Q Ok but what is miscellenous expenditure?
A I talk about what it is and how it comes about ..
Q Which head does it come under?
A I said these are shown sometimes in the balance sheet under the asset side these are actually fictitious assets .
Q What counterbalances it on the liabilty side ?
A I dont know that sir ..I used my hand to show the side on the balance sheet and they joked about it..and I smiled too
Q What is your family biz ?
A It is a pharmacy in cochin sir..we also have a lifestyle store..which stocks baby care..cosmetics..perfumes and a lot of ayurvedic stuff..
Q What is the return on investment
A The ROI is about 20 percent
Q What is the trade deals given in Cochin for the pharmacy ?
A The pharmacy is given 30 days of credit. and also 4 percent discount of ready cash .
Q What role does the association play in the state ?
I talk about the margins we get becoz the association
Q What is the margin in the other states..
Same margin as in Kerala
Q How does the association help then ?
It makes sure that we get 20 percent margin for new product..and old margins exist..Also becoz of our association we can return our medicines on time of expiry and within three months and get money back .
Q Why do u have two differenet stores cant u have it together
A I talk about numerological reasons and also about two different classes of customers being attracted to the different shops..
Q how does the second store work
I explain it s a volume biz..with high value low no of bills et al
Q How are your margins normally
I say 18 -20
Q So is that what you meant by ROI ?
I explain saying that s not what I meant
and told them the orginal ROI was indeed correct..
Q What do u mean by Tie and Die method
A I dont about that Sir
Q How is curd made ?
Milk and Curd ..Gyaan
Q Which of it has microbes..
A Curd..
Q Are they live ?
A I think :whatthat:
Q What is this process called ?
A Fermentation
Q How is it related to the pharma industry ?
(Now I know about Insulin)
A It can be used to make red wine capsules...talk abou how the dried powder is made into the capsule form
Q What are these used for
A For preventing Heart disease
Q How is the powder made?
A By drying it up after the fermentation process.
Q How is made into the capsule ?
A The powder is then encapsulated
Q What are your other interests ?
A I m a member of the numismatic society ...They confirm whether it s coins itself
Q Why do you collect coins ?
A It s passion ..knowledge gathering experience...more gyaan ...
Q Where do you get the coins
From the antique shops and also by exchanging with friends in my society ..
Q Which is the oldest coin that you have seen ?
A A BC silver roman coin
Q Did nt you pick it up :-x
A Sir it was too expensive did nt have 3.5k at that time
Q Is it still there in that shop ?
A I have nt gone for some time to that shop ..I m not too sure sir ..
Q So tell us what have you learnt about coins ?
A Where and which countries ruled others ...the cultures...for eg France ruled Algeria...(I really dont know why I said that )
Q Where is Algeria ?
A North Africa....
Q What is it s currency ?
A Francs....
Q When did Algeria get it s independence ?
I dont know for sure sir ...(One of the sirs say what s the point in collecting coins if you do not know the date of independence of Algeria .....I defend myself by saying a lot of commerative coins and their importance )
Q What are these double metal coins ..(Coins with two colours ..)
I explain to them and then one of them ask me about any contempory double metal coins..
I talk about the euro and the 2 pound coins which are double metal coins
Q Did u win the table tennis title for the district ?
A Yes..sir ..he asks for my certificates..looks at them all and says that I have done extra stuff only in school
Then I show him the College Commerce Sect stuff..also that I did nt have the certificates for the College thing hence did nt write much about..it
They seemed satisfied...I dont know why ...
I think I have a 50 percent chance
I think that s the gist of what happened ...
if u guys have any comments on my post ..plz do feel free to do so..also if you ppl think my post should be shortened ..I will do that....bbye for now