It was the early 1930s, when a physician-turned textile trader in rural Karnataka found his business getting interrupted for want of regular supplies of cloth from the weavers. When he enquired with the weavers about the reason for their irregularity, he was told that there was no working capital available to them. There were no banks in the area. The one located in the town was not interested in lending to small operators particularly in the rural area. Local moneylenders used to charge very high rates of interest; borrowing at those rates had ruined some weavers in the past. The weavers therefore have developed a habit of working intermittently as and when their own money from sales came in.The trader therefore had to find a way to ensure uninterrupted supply of goods in his shop,without which his own business was not viable. He thought of bringing the goods from Bombay,but found that the process would be very expensive and time-consuming, as the area did not have any direct road/rail links with Bombay. Besides, the transporters were not at all reliable.
Examine the courses of action available to the trader under the above circumstances. What are your recommendations?
TRUST FACTOR: The trader with good faith in weavers, could give some advance to the weavers (some % of the total amount to be paid to them on completion of work) that too in installments. This way the weavers would have initial amount to start with and rest amount could be paid on final delivery of the cloth.
It was the early 1930s, when a physician-turned textile trader in rural Karnataka found his business getting interrupted for want of regular supplies of cloth from the weavers. When he enquired with the weavers about the reason for their irregularity, he was told that there was no working capital available to them. There were no banks in the area. The one located in the town was not interested in lending to small operators particularly in the rural area. Local moneylenders used to charge very high rates of interest; borrowing at those rates had ruined some weavers in the past. The weavers therefore have developed a habit of working intermittently as and when their own money from sales came in.The trader therefore had to find a way to ensure uninterrupted supply of goods in his shop,without which his own business was not viable. He thought of bringing the goods from Bombay,but found that the process would be very expensive and time-consuming, as the area did not have any direct road/rail links with Bombay. Besides, the transporters were not at all reliable.
Examine the courses of action available to the trader under the above circumstances. What are your recommendations?
1)According to me the trader can lend certain percentage of money to the weawer...so that they can start their process of manufacturing cloth. 2)All the weavers of the particulararea must form an union and must convience to the government authority about their plans of producing cloth,and how it would help in growth and prosperity of the entire rural area.And must ask them to give cloths at subsidized rates. 3)Also since the trader is an physian,he might have developed a goodwill among most of the people residing there,hence he can use his contacts with some of the money lenders and ask them to lend money,and in this way the there will not be any interuption for the trader..
Morover it would create an employment opportunity for the villegers...and would be benificial in their growth and prosperity..
Contigency plan:If the above plan doesent work it woul be apt for the trader to invest some portion of hos revenue into transportation..since its given that the transporters are not reliable...he could hire some of the villegers for this activity...Though this would require to shell out some capital for the trader but in due course of time(once this business is established) the business would only grow many folds..
A successful business is established only if a risk is taken.....which the trader needs to take..
Guys, I had my GD & PI today.... Here is my experience :
First they will ask for documents - CV, academic certs. & work certs.
Then will be done GD - A case study (mostly related to financial analysis) will be given & u will be asked to make an analysis of the same in 30 min. They will collect the papers from you & ask to start GD... Any1 can start speaking... obviously the argument will go crazy as lot of people will try to speak at once.. it will continue for 15 min & then they will ask you to speak on the analysis individually for 3-5 min....
U will be then asked to wait for 10 min for the GD results - Only few candidates will remain after that.....
Candidates selected from GD will be called one by one for interview, which will last for 15 to 25 min depending on his/her profile.... Questions in interview : 1. Introduce urself 2. Questions related to ur present/past job 3. Questions related to ur essays etc... (i had written one of my hobbies as "Reading articles related to GDP/economies".... Hence, was asked to give 3 solutions (except population control) for India in today's world).....
@Rahul.....thanks for sharing...wat kind of financial analysis???e.g cashflow,balance sheets,financial ratio etc..As I am a share market freak I used to analyse all these things but dont have much idea on these things.Can a person from non-financial background handle it????And u have mentioned abt essay.whether der will an essy writing???plz share...
Guys, I had my GD & PI today.... Here is my experience :
First they will ask for documents - CV, academic certs. & work certs.
Then will be done GD - A case study (mostly related to financial analysis) will be given & u will be asked to make an analysis of the same in 30 min. They will collect the papers from you & ask to start GD... Any1 can start speaking... obviously the argument will go crazy as lot of people will try to speak at once.. it will continue for 15 min & then they will ask you to speak on the analysis individually for 3-5 min....
U will be then asked to wait for 10 min for the GD results - Only few candidates will remain after that.....
Candidates selected from GD will be called one by one for interview, which will last for 15 to 25 min depending on his/her profile.... Questions in interview : 1. Introduce urself 2. Questions related to ur present/past job 3. Questions related to ur essays etc... (i had written one of my hobbies as "Reading articles related to GDP/economies".... Hence, was asked to give 3 solutions (except population control) for India in today's world).....
Please ask wotever additional u want to know
Hey Rahul, Thanks Man How many people are there for the GD and how many got through for interview? How tough the financial analysis? (tough/med/ok/easy)
@Neeladridas : The case given to us was about a retired old man who wanted to invest the amount which he got at retirement & there was a solution provided in which investments ways were given.... These solutions were given to that old man by a relationship manager from some bank..... We had to judge how good/bad were those solutions & why?
Essay is not asked to be written over there..... they will ask questions on the essays (challenging situation & team work thing) written in the "supplementary information sheet" which was mailed along with the BMAT test mail......
@Subrat: Welcome buddy.... We were 14 guys in the GD & 7 got selected for interviews.....The case study's central idea i have written in above post..... it was not tough... was easy...
Generally in GDs, cases given are easy only coz the main purpose of GD is to see how you speak/communicate your point..... It happens that GDs get crazy, which happened during ours.... lot of people shouting at once & making the class room not less than a fish market...... But do not worry, every1 is given individual chance to speak about his idea after GD so that every1 get an equal chance to speak.....
@Subrat: Welcome buddy.... We were 14 guys in the GD & 7 got selected for interviews.....The case study's central idea i have written in above post..... it was not tough... was easy...
Generally in GDs, cases given are easy only coz the main purpose of GD is to see how you speak/communicate your point..... It happens that GDs get crazy, which happened during ours.... lot of people shouting at once & making the class room not less than a fish market...... But do not worry, every1 is given individual chance to speak about his idea after GD so that every1 get an equal chance to speak.....
Thanks Rahul. So finger crossed for 17th. Best of Luck. Let see how it goes for me on 15th.
Guys, I could not get my cfcts attested, however i havr got all the originals with me..... will they accept cfcts copies without attestation....provided with the originals. I am quite anxious for the same.... Ppl who have been through the process of cfct check plz suggest.... :-|
I completed all my Written GD and PI on 11 Feb in Chandiugarh.. The written was easy....... In GD we had a problem stating a loan request....it was also not very tough... PI was easy for me being an engineer....People with banking experience were grilled...They will mostly focus on u r achievement and why and MBA make sure you know u r supplimentry answer sheets that u have deposited....before..
I have my GD and PI in Asia-pacific , delhi tommorow. I have been following this thread since begining. All the concern I had were already discussed in lenght but I guess we all are doubts, bcoz Q are arising out of mind and are being replied also from mind only. No data regarding this particualr course and NIIT U is available anywhere.
I have nearly 5 yrs of exp in refinery and power sector. While going through advertisement, I was surprised that why have they asked for ppl from my background. My little understanding of system tell me that we cud only be used in project finance background, which is in particular my intrest.But on website i hav read that they say that elective selection will be as per bank requirement ( means our choice matters less).
I will ask few more ppl to share their exp with GD PI on this forum bcoz I guess at many location it is already completed on single day.
One of my frnd , had this on 11th in amhmedabad , he got a case study st like this :-
A popcorn brand wants to increase ite presence in some tier II cities. They wants you to prepare a strategy for same. As per him also the conversion rate in GD was 50 % only.
So, guys , best of Luck.
Anybody due tomorrow in Asia pacific delhi ????? mail me at [email protected]
I have my GD and PI in Asia-pacific , delhi tommorow. I have been following this thread since begining. All the concern I had were already discussed in lenght but I guess we all are doubts, bcoz Q are arising out of mind and are being replied also from mind only. No data regarding this particualr course and NIIT U is available anywhere.
I have nearly 5 yrs of exp in refinery and power sector. While going through advertisement, I was surprised that why have they asked for ppl from my background. My little understanding of system tell me that we cud only be used in project finance background, which is in particular my intrest.But on website i hav read that they say that elective selection will be as per bank requirement ( means our choice matters less).
I will ask few more ppl to share their exp with GD PI on this forum bcoz I guess at many location it is already completed on single day.
One of my frnd , had this on 11th in amhmedabad , he got a case study st like this :-
A popcorn brand wants to increase ite presence in some tier II cities. They wants you to prepare a strategy for same. As per him also the conversion rate in GD was 50 % only.
So, guys , best of Luck.
Anybody due tomorrow in Asia pacific delhi ????? mail me at [email protected]
@Abhishek.. I have mine in Asia Pacific but its on 15th i.e. day after tomorrow.
@all .. anybody having Gd/Pi at Asia Pacific on 15th.
@Abhishek..I have my GD and PI in Asia-pacific , delhi tommorow could any body can post the link of supplementary data or information form? I am not able to locate it on icici career site.. or u can mail me at [email protected] guys those who have gone through gd-pi kindly post more cases