Real Time Practical Business Experiences (Case Study)

BI-C-RIDE LTD, a virtual company is referred to in many of the blogs/topics in this website in order to explain various business scenarios and accounting concepts.

Presenting virtual companies to learn different concepts with a real feel of business scenarios.

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It is always better to understand different Financial & Accounting concepts by referring to the real time business scenarios. This section introduces few companies which shall be referred to in blogs/presentations/videos under efinacademy.com to explain various concepts of Finance and Accounting prevailing in the industry.

BI-C-RIDE LTD – Company incorporated in India engaged in the business of Bicycle & Spares Manufacturing & Trading

  • COMPANY NAME & LEGAL ENTITY – BI-C-RIDE LTD
  • COMPANY MISSION – SMOOTH, SAFE, JOYFUL RIDES TO ATTRACT MORE AND MORE POPULATION TOWARDS ENVIRONMENT FRIENDLY BIKING. HELP BIKING INDUSTRY TO INNOVATE IN THEIR PRODUCTS MANUFACTURING USING SMART AND INNOVATIVE ‘HIGH TECH’ SPARES.
  • HEAD OFFICE & CORPORATE OFFICE- NEW DELHI
  • OPERATING UNIT– BI-C, NEW DELHI
  • INVENTORY STORES – 6 STORES IN 5 STATES
  • WAREHOUSE LOCATIONS – NEW DELHI, MAHARASHTRA (2 STORES – MUMBAI AND NASIK), RAJASTHAN, UP, HP
  • FACTORY – MUMBAI, MAHARASHTRA
  • HUMAN CAPITAL –

TOTAL 72 FTE INCL. CEO,CFO, COO, FACTORY HEAD, PURCHASING HEAD AND MR. CMA (EXCL. 15 SUPPORT STAFF OFF-ROLLS)

  • OWNERS/PROMOTERS – MR. PROMOTER1 (50% STAKE), MR. PROMOTER2 (40% STAKE), MR. INVESTOR (10% STAKE)
  • TOP MANAGEMENT – COO, CFO REPORTING TO CEO
  • SENIOR MANAGEMENT – MR. CMA (COST & MANAGEMENT ACCOUNTANT), MR. FAC (FACTORY HEAD), MR. PUR (PURCHASING HEAD), MR. TECH (IT HEAD)
  • DIRECTORS – MR. PROMOTER1 (FULL TIME), MR. PROMOTER2 (FULL TIME), MR. CMA (PART TIME)
  • BUSINESS SYSTEMS – IS Systems are developed by BI-C-RIDE LTD (IT, BPM and Other Business Teams) in consultation with SUBJECT MATTER EXPERTS (SME)-
    • SMART ERP SYSTEM – For managing key Business Processes (highlighted below) & Financial Accounting
    • CK (CRM SYSTEM) – Customer Relationship Management (Order To Delivery  Tracking)
    • MDM TOOL – Microsoft Power Automation and Microsoft Power BI  For Items and Party Masters

KEY BUSINESS PROCESSES –

    • P2P – PR,PO,RECEIPT,AP INVOICING, AP PAYMENTS
    • O2C – QUOTE,ORDER, DELIVERY, AR INVOICE, AR RECEIPTS
    • R2R – ACCOUNTING, FINANCIAL PROCESSES, TAX AND COMPLIANCES
    • MDM – MASTER DATA MANAGEMENT PROCESS FOR MANAGING ITEM AND PARTY MASTERS
    • CRM – CUSTOMER RELATIONSHIP MANAGEMENT PROCESSES – ORDER TO DELIVERY
    • TREASURY AND INTERNAL CONTROL – MANAGED BY CFO DIRECTLY
  • BUSINESS TEAMS & ORGANIZATION SET-UP

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LOCATIONS/

TEAMS

TEAMS->

LOCATIONS (STATE)

HR/

ADMIN

 FIN-ANCE PURCH-ASING

CRM (MARKETING/

SALES)

 SUPPLY CHAIN IT BPM LOGISTICS MANUFAC-TURING TOTAL
 

TEAM

HEADS

 MR. CMA MR. CFO MR. PUR MR. COO MR. COO MR. TECH MR. CMA MR. COO MR. FAC  
NO. OF FTE (FULL TIME EMPLOYEES) NEW DELHI 2 3 5 3 1 4 2 3   23
NO. OF FTE (FULL TIME EMPLOYEES) MAHARASHTRA 1 1 2 2 2     2 20 30
NO. OF FTE (FULL TIME EMPLOYEES) RAJASTHAN       1 3         4
NO. OF FTE (FULL TIME EMPLOYEES) UP       1 5         6
NO. OF FTE (FULL TIME EMPLOYEES) HP       2 1         3

TOTAL

FTE STAFF

 FULL TIME EMPLOYEES 3 4 7 9 12 4 2 5 20 66

TOTAL 

TEMP STAFF (SUPPORT)

 TEMP STAFF (SUPPORT) 2 2 2 0 2 1 1 2 3 15
  TOTAL 5 6 9 9 14 5 3 7 23 81

Follow the real time business case studies on BI-C-RIDE LTD in blogs/sliders/videos-

  1. Impairment of Inventory
  2. Business Process Management Project (BPM Project)
  3. Power of Extra (Use of Power automation and Power BI Tools to automate)
  4. GST Accounting under Reverse Charge Mechanism
  5. B2B, B2C, B2G Business Models