Detailed Project Report on radio taxi (online taxi service)

RADIO TAXI (ONLINE TAXI SERVICE)
[CODE NO.3205]


Radio Taxi is a great concept for comfortable travel and particularly for traveling long distances across the city as driving or taking the ordinary taxi is not a very good option.

Current State

The not very modern taxi company has asked you to develop a computer-based booking and planning system. At present, there is an operator receiving phone calls from customers.  The customer can book a taxi for a future occasion. The operator registers such bookings in a schedule. The customer can also ask for a transport at soon as possible. The operator then makes a request by phone to a planner, who has radio communication with the taxi cars. The planner gives an estimated time it would take to reach the customer. If booking is acknowledged by the customers: ear fact customers Wright reserves many invoices and emers which pay directly to the taxi driver.

Future System

The  company has sketched on the system they would  like  to have,  The  taxi cars should be equipped with a  GPS  unit  which gives  the position of the car at each moment. They should also contain a system which communicates with the central. At the central there would be a computer system which does the planning. This means the planner can be sacked and money can be saved.  The operator takes a call from a customer, enters the date into the system and then reads off the produced information on the screen. Communication with the taxi cars should go via the distributed computer system and should involve the taxi drivers as little as possible. With this automation if should be possible for the company to grow and the system must allow several operators.  It should  also  be  prepared  for a future  development  of  a  web interface,  where  the  customer  can book  a  taxi  without  the interaction of an operator.


COST ESTIMATION

Plant  Capacity                                            :       1100 Vehicles Radio Taxi              
land & Building                                           :       Rented
Plant & Machinery                                       :      Rs. 12.25 Cr
Working Capital for 2 Months                   :      Rs. 2.72  Cr
Total Capital Investment                           :       Rs. 20.24 Cr
Rate of Return                                            :       39%
Break Even Point                                        :       49%


INTRODUCTION    
CURRENT STATE    
FUTURE SYSTEM    
ACCOUNTING    
PROVIDED FRAMEWORKS    
KIND OF CARS USED IN RADIO TAXI    
FINANCING RATES FOR VARIOUS CARS    
QUOTATION OF CAR    
TIMING OF OPERATION    
MAINTENANCE EXPENSES    
TYPE OF VEHICLE    
GPRS SYSTEM INSTALLED IN CARS    
COMMUNICATION    
MESSAGING SERVICES    
TAXES    
EXTRA CHARGES PAID BY THE PASSENGER    
FARE    
PROJECT PROPOSAL ONLINE TAXI SERVICE    
UNCOMMON TERMS:    
REAL TIME BOOKINGS –    
OBJECTIVES    
PURPOSE OF DESIGN:    
PROBLEMS AND ISSUES:    
GENERATION OF DESIGN PROPOSALS    
THERE ARE THREE MAIN DESIGN CONCEPTS/PROPOSALS:    
DESIGN CRITERIA    
PROJECT DETAILS    
PROJECT MANAGEMENT    
CONNECTION FROM USERS TO TAXI    
MARKET POSITION    
MARKET ANALYSIS OF INDIA RADIO TAXI SERVICES    
GUIDELINES FOR ONLINE CAB AGGREGATORS    
PERMIT CONDITIONS FOR ALL INDIA TOURIST TAXI    
OVERVIEW OF RADIO TAXI IN KERALA    
INSTANT HITS    
HIGHER FARES    
SCEPTICISM    
GENERAL TAXI TARIFF    
GENERAL TERMS & CONDITIONS    
DAY PACKAGE T&C: (ONLY APPLICABLE FOR DAY PACKAGES)    
PROCEDURE FOR TOURIST VEHICLE PERMIT    
FOR NEW APPLICATIONS    
FOR RENEWAL    
FOR NEW APPLICATIONS    
FOR RENEWAL    
FOR NEW APPLICATION    
FOR RENEWAL    
VALIDITY    
SERVICES OF RADIO TAXI    
TRIPS & PACKAGES    
FOR PACKAGE OPERATORS & AGENTS    
AIRPORT SERVICE    
TAXI PACKAGE DELIVERY SERVICE    
BUSINESS MEETINGS & TRAVEL    
RATE OF PERMIT SERVICES    
FRESH/RENEWAL/TRANSFER/VARIATION/REPLACEMENT OF PERMIT    
TEMPORARY PERMIT    
SPECIAL PERMIT    
SERVICE CHARGE FOR PERMIT SERVICES    
A UNIQUE BUSINESS MODEL    
TAXI SERVICE    
BUSINESS PLAN    
MISSION STATEMENT    
BUSINESS ORIENTATION    
MARKETING PLAN    
DEMOGRAPHICS    
CUSTOMER PROFILE    
NEED FOR SERVICES    
ECONOMIC FACTORS    
COMPETITION    
ATTRACTING CUSTOMERS    
IMAGE    
PRICING    
CREDIT    
CUSTOMER SERVICE    
ADVERTISING    
CUSTOMER LNCENTIVES    
CUSTOMER LNCENTIVES    
ADDITIONAL SOURCES OF REVENUE    
OPERATIONS: ADVANTAGES OF TAXI BROKERING    
OVERHEAD    
CONTROLLING TURNOVER    
SHIFTING OWNERSHIP BURDEN    
BETTER DRIVERS RESULT    
FEES MINIMIZED    
ROTATING DISPATCH SYSTEM    
HOW THE SYSTEM WORKS    
STARTING OFF    
WORKFORCE    
SOCIAL GOOD    
SOME OF THE RADIO TAXI COMPANIES IN INDIA    
RADIO CABS WILL BE EURO-FIT: GOVT DEPT    
SERVICE & SOLUTIONS    
TELECOM SERVICES    
SUPPLIERS OF GPS & GPRS SYSTEM & SOFTWARE    
GPS TRACKING SOFTWARE DEVELOPMENT    
VEHICLES USED FOR RADIO TAXI    
RADIO TAXIS IN INDIA TO GO UP TO 174,000    
EASYCABS LAUNCHES RADIO TAXI SERVICE    
RADIO TAXI SIGNAL REACHES GURGAON, PRIVATE CABS SLASH RATES    
WHAT IS A PERMIT    
WHERE TO APPROACH FOR PERMIT    
RENT-A-CAB PERMITS    



APPENDIX – A:

 1.      COST OF PLANT ECONOMICS      
 2.      LAND & BUILDING                                      
 3.      PLANT AND MACHINERY                                  
 4.      FIXED CAPITAL INVESTMENT                             
 5.      RAW MATERIAL                                         
 6.      SALARY AND WAGES                                     
 7.      UTILITIES AND OVERHEADS                              
 8.      TOTAL WORKING CAPITAL                                
 9.      COST OF PRODUCTION                                   
10.      PROFITABILITY ANALYSIS                               
11.      BREAK EVEN POINT                                     
12.      RESOURCES OF FINANCE                           
13.      INTEREST CHART                                       
14.      DEPRECIATION CHART                                   
15.      CASH FLOW STATEMENT                                   
16.      PROJECTED BALANCE SHEET