What SMEs need to do to minimise losses in Present Times

Protecting Indian Businesses
From Covid19 After-effects

Integrated Association of Micro Small and Medium Enterprises of India

https://www.iamsmeofindia.com

Submission by – Sangeet Kr Gupta

Corona & Covid-19 is a Reality

Virgin Australia ~ Bankruptcy filed

Air Mauritius ~ Bankruptcy filed

Lockdown !
Directive from the Government

https://www.statista.com/statistics/263617/gross-domestic-product-gdp-growth-rate-in-india/https://www.statista.com/statistics/271322/inflation-rate-in-india/

Are you Ready ….?

That is the Preface…..

• Micro and Small payment within 45 days
• Bonanza
• if MSME you have a Privilege
• Its a Truth
• A Reality

Lower Rate of Interests…..

• Interest Subvention Scheme for MSMEs
• Please refer to the operational guidelines for the captioned scheme contained in circular on ‘Interest Subvention Scheme for MSMEs’ issued vide FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 dated February 21, 2019.
• 2. In this regard, it has been decided by the Government of India to bring, inter alia, following modifications in the operational guidelines:
• Submission of statutory auditor certificate by June 30, 2020 and in the meantime, settle claims based on internal / concurrent auditor certificate.

• Interest Subvention Scheme for MSMEs
• Acceptance of claims in multiple lots for a given half year by eligible institutions.
• Requirement of Udyog Aadhar Number (UAN) may be dispensed with for units eligible for GST. Unit not required to obtain GST, may either submit Income Tax Permanent Account Number (PAN) or their loan account must be categorized as MSME by the concerned bank.

https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11478&Mode=0#enclosed

• 2.2 Eligibility for Coverage
• (i) All MSMEs who meet the following criteria shall be eligible as beneficiaries under the Scheme:
• a. Valid Udyog Aadhar Number [UAN]
• b. Valid GSTN Number
• (ii) Incremental term loan or fresh term loan or incremental or fresh working capital extended during the current FY viz. from 2nd November 2018and next FY would be eligible for coverage.

example

if Investment in PM = 10, others = 10, WC=10 = Total 30 Crores. and his Loan = 30 cr, 2 percent submension = 60 lakhs a year. That is a big savings, indeed

More interest Subvention = More Profit

Turnover of 50 Crores….Paying interest of 10% on 30 Crores….3 Crores….Profit of 1 cr….
Rises to 1.60 crores…

Big 60% increase in profit….Phayda……

Same company. Earlier definition
it was not a Micro / Small unit

So Benefit to lena hai….….Kya Karein ?

• Question
• Want to Grow
• Want benefits of small also
• Definition of the Machinery / Equipment ?

• It is Audited figure
• It has to have a Base
• It has to be convincing to the Auditors
• and to the Government bodies

Questions we have answered here are

1. How to do ERP implementation in a Corrugation Plant ?

2. How to do implement Barcode based Reel management in Finsys ERP

3. How to be successful in the ERP implementation in Corrugation Packaging, Duplex Packaging, Flexible Packaging and Label Packaging

Steps for Corrugated box industry, all Industries, anybody who wants to consider barcoding in his factory

For Benefits, already seen – see the Youtube on that topic.

It is NOT Difficult

There is negligible cost and no Loss

Steps of doing / implementing

• Traditional way
• Spiral Way

Traditional way ?

• one time prepare
• one time go live

Spiral way ?

• Do Step by Step
• 7 Activities parallely , or one by one
• Dont worry
• Start
• we spiral upwards

Traditional way – part 1

• Count all reels
  • make excel
  • upload excel
• print barcode
  • paste all barcode

• Train all
  • all people
  • pasting stickers on
  • receipt of Reels
  • Issue of Reels
• Train
  • return back of reels
  • Train
• Infrastructure
  • Get ready
• All in 1 go

• Job Card
  • must start
  • must be good
• And
  • must be correct
  • must be compulsory
• Train
  • all persons
  • all shifts

but all this is very difficult in 1 go

AWS – Benefits of Shifting your Finsys ERP Software from In-house / On-premises server to Amazon Cloud

Benefits of AMAZON CLOUD server spaces

Finsys on AWS Cloud or Oracle Cloud – Advantages and Disadvantages

In this video we will show you how curing process can be done with the help of Finsys ERP.

This feature is also used by one of the leading manufacturers of plastic auto components – DLJM (Dipty Lal Judge Mal), which challenges to be no. 1 and work like no. 1.

It has plants across India. With Digitization, Analyzation and Transformation online they are an example of Industry 4.0.

Curing tag generated by Finsys ERP shows you the required information such as date of production tag, serial no., quantity, person who created it and after what time you can use the trolley.

Then there is a single display which shows the information about all the trolleys. Steps for this curing process are as follows:

1. Production planning

2. Production entry is done

3. Tag Generation with bar code for each trolley

4. Printing of tag and Bar code scanning on trolley

5. Then there is real time display on LCD

6. Scanning with Mobile app for checking curing time

It’s that easy, if you also want to increase your productivity with the help of this feature, contact Finsys ERP or comment below.