[ICCI] Indian Cooperative Companies Initiative
Kismu
Have some gold lying around? Here is an opportunity for you to make money with your gold.
Invest your gold, take daily profits. And you will have opportunity[1] to withdraw your gold at anytime.
How does it work?
- You invest your gold with the cooperative.
- Once the company has enough gold, the cooperative will invest in a Q5 WRM[2]
- Once invested, all profit earned through the investment will be shared with the investors, in accordance to the percentage contribution.
- At any point, you could withdraw the gold you have deposited.
[1] Provided there is enough gold in the cooperative. If all the gold had been invested, the company will ensure that you get your gold back as soon as possible.
[2] Currently, WRM. Soon, if there is good response, we can look into Q5 Companies.
Example
Person A Invests 20 Gold.
Person B invests 15 gold.
Company Buys Q5 WRM.
Profits(after tax) earned by the WRM will be split 20:15 ratio and will be given to Person A and Person B respectively (if the profit was 105 INR, person A will get 60 INR and person B will get 45 INR, daily).
The cooperative does not take any profit.
If you like this idea and would like to invest, contact me. Leave your comments as well.
Comments
First and voted
First off, calculate how much profit(in terms of gold) you are going to make selling in India and China. Actually, you are free to explore other markets as well! I said China coz its more stable nation! try taking the worst case scenarios ie., buying currencies or gold at mm, tax cutoff for employees, apply region bonuses and an rm selling rate just a bit lower than the avg price in respective nation's market taken into consideration.
Also may be this can be tried too after you get chinese citizenship ofcourse...get 5 workers from eIndia who are ready to work for you at minimum wage in china and find a reliable eIndian "X" (preferably with a lot of storage space) who can sell it on eIndian market for you incase you are looking to give away returns in inr(assuming investors are eIndian) and also pay the workers(just donate inr to them) and hence skip taxes avoid the mm transaction delays which usually take sometime because you are selling at mm...however, its up to you...a matter of patience and planning vs profits... : )
If you have any doubts jus ask bro...
Cheers
the only flaw in this plan(2nd para) would be that you wont be able to grow in politics...also, i believe you should take a share of the profits o7
role of X : to skip the import tax that goes away to eIndian govt...o7
infact bro, may be you can take a loan in inr from the govt...get chinese cs and produce rm like crazy(salt pepper or cattlefarms) and through X sell it in eIndia for more profits...o7
if rm cannot be donated, you should look to making a q5 wep co...o7
yes, same plan(middle guy 😵 as above can be applied to the weapons too...
PS : please can someone tell me if donating rm is possible ? lol, my post would be an epic fail if not the case...
me = your first subscriber by the way...hope to see more articles from you! \o/
troj4n20, thanks for your reply and the sub. I have a few questions.
Why do you suggest China, apart from stability? What is the bonus I get out of the being a citizen of china and having the raw material company there? Do I get more Raw material per extract?
Also Do I get more bonus if I reside in Karnataka and have the rubber plantation?
And ya, Raw Materials Cannot be donated. And aiming for Q5 wep co right now will be over ambitious I guess. It will need around 300 odd gold.
But a WRM Q5 is just 35 gold (Ok, not just 35).
But ya surely, if there are any benefits, I shall most definitely look into it.
1)http://img196.imageshack.us/img196/6672/chinae.png
2)no - bonuses are for countries - citizenship criterion
3)q5wep co - not very overambitious imo! You just need to come up with actual figures(profit) and apparently some market research needs to be done. Produce rm yourself(take loan from govt - get salt pepper thingies - calculate how much wrm you need per day and then build those many saltpeppers accordingly) - get 5 fkers who are looking for a job(pay them the lowest wage in cny chinese currency) - use X to sell your weps for INr - distribute to shareholders - thats all
do your background work and publish your article(we need figures) with a plan...if needed, may be i can help! o7
also, when you take loan from government in inr for saltpeppers (to be returned in X days)...calculate your profits(since you are doing all the work, you get to keep y% of q5 co profits and not 0% unlike your original plan) in X days and see if you can pay it off...o7
also publicity is important...so, catch a few guys in media and ask them to give in their article a link to your upcoming article with all the figures...
investors should be more than ready because you are certainly going to earn more than a normal q5 wep co in eIndia o7
you should look this up. i found that in egermany:
http://www.erepublik.com/en/article/-bundesbank-egdf-14th-issue-1919340/1/20
Here is an interesting calculation.
Q5 Weapon Company: Initial Cost 342 Gold ( May be less if we can find a nice seller).
INDIA : 800 RM : 264 INR = 16 Q5 : 480 INR => 216 INR per work : -200 => 16 Profit => 96 INR per Day.
CHINA : 1000 RM : 170 CNY = 20 Q5 : 350 CNY OR 700 INR OR 350 INR + 170 CNY => 350 INR per Work : - 200 => 150 Profit => 900 INR profit Per Day.
legend
Country: req raw mats: cost of raws = produce: products worth : product-raw cost : employee wage : Profit : profit per 6 workers ( 5 hired, 1 me).
Wow, 10 times more profit from China.
I dont think I need the profit cut, since I get the opportunity to work more : ie. I can work on the Q5 company along with a job. Basically, my job opportunity gets doubled. I am happy, I get 200 extra INR for just running this, that is more than enough in my opinion.
publicity : yes, that will be certainly needed. Once the terms are finalized, I think I will approach senior players, and leading media persons to help with this initiative.
Anything I missed?
ssame foundish as fighter
I think you forgot to take VAT(only on finished goods like weps and food) into consideration there...
31.8182(after VAT in eIndian market) is what you get after tax cuts if X sell's your chinese weapons in eIndia for 35 inr...so you taking 30 inr for a Q5 is fine. Similarly, selling at 17.5cny, you get 15.909...
Well, I still suggest you take a part of profits for all the hardwork but its up to you...
also, if getting investors for a q5 turns out to be difficult may be you can look for other venures as q3 or q4 too... : P
ishaba😛 I think it is more or less the same. There are two subtle changes though. This cooperative will not take any profits and the investors will be able to withdrawn their investment anytime they want.
trojan: I just noticed there may be another bit of problem. I can receive only 10 gold per day. This can be so annoying. As a matter of fact, even after assuming that some one is wiliing to give me 300 gold, it will take roughly 20 days before I could get started. Phew.
Ya, those numbers are just a estimate. These are good for quick calculations. I could do a finer calculation when actually operating.
thanks again for the inputs trojan.
kismu ~ Yeah, sorry i forgot that ...am still living in the past times...xD
oKay, so if you acquire a company from a person for 80g, that person gets 80g in a day and is there a limit on number of companies that can be bought in a day?
My plan is that investor A can buy a q1 food co(because everyone has a q1 food co and you too do!) from you for 10g(actually, he can buy it for more but not less than 10g ie., minimum share) and once you get the gold, buy it back from him for a lesser price(well its risky, so plan it sometime when no ones around! : P)...use the same food co plan, rotate and acquire gold...
I dont know if there is a limit on number of companies that can be bought in a day...may be, we should ask someone or do an experiment ourselves...sometime when you are free. : )
wish the economy module were such that q1weps and other lesser q's could hire workers too 😐
amen to that.
I dont think there is any limit in number of items companies one can buy per day, but, if a company has been traded, it cannot be traded again for next 10 days.
I do kinda like your idea, giving the investors some kind of guarentee. but I own only 2 trade-able company. My Q3 Food company cannot be traded... 🙁. Anyway lets see if any one is interested....
nice, company trading plan pwnd! 😶 afaik there is no limit afaik on donating currencies but to convert that currency to gold will take time, thanks to the mm's 10g limit...
Tried logging in to an organization to see if they can be of some use - but orgs cant buy companies anymore - so more pwnage - another failed plan : talk to mof - get 5 gov cabinet members(reliable) so they can be paid by investors at 10g per day until (q5companycost)/5 is donated to each of them - they can transfer funds to cbi(central bank of India - govt organization) later - so congress can donate gold to org A and you can buy from the org A for the lowest price...
You can materialize this selling shares in a q5 co, once you own a q5 co but then you would not be looking for investors but to have all profits for your own...
for a q5 wrm co... 250 base production, after bonuses : ind = 400 wrm & chi = 500wrm
ind : income from a worker = 400*0.33 = 132 inr, highest sal in Ind now = 185inr
chi : 500*0.17 = 85cny, highest sal in china is around 144cny
income for a day for 1 investor (5g each) = 132/7 inr or 85/7cny = 18.85 inr or 12.242cny = s:0.01885g or 0.02428g= b:0.016g or 0.0204g
therefore, returns for investors after 30 days=> s : 0.5655g, 0.7284g =b: 0.48g or 0.612g => % return = s:11.31% or 14.56% = b: 9.6% or 12.24%
LATER EDIT : since, you cannot hire workers for q5 wrm either in India or China, and you dont want to keep any investors profits...you would actually be losing 10 wellness per day => 0.72 * 5 * 30 = 108 inr per month...
I suggest you save up inr(or take govt loan) create q4 wrm cos and move to china if interested(BUT BE A PART OF AN EINDIAN MU!)...atleast this is the best solution until the admins do something with the economy module or eIndia becomes a super power...
PS : s and b are selling currencies for gold and buying gold using currencies respectively...
@Nag and Kismu - the traqding company thing can work pretty easily.
Price the company at the required cost of q5 weps + q1 food. After sale,you either buy it back with the q1 food price/ get yourself a new one and the donator keeps that one 😛
And your profit? Do you accept 35 gold and you will give back when someone wnat? and you don't have profit... please... xDDDDDDDDDDDD That is impossible for your economy. And i have experience in this i have make inversions plan twice, with differents profits. I'm thinking in making one here 😛.
@CalcoSotelo, I explained this before. I get the opportunity to work more. So, I dont mind giving the entire profit back.
The actual aim of this was to work cooperatively. Is three people have gold, but not enough to buy a company themselves. Together, if they can buy it, then they should do it. That way all three of them would be able to earn.
If One person has complete money, i cant think of a logical explaination why they would invest in some one else's land, let alone at a loss.
@Teutonc: Companies cannot be priced lower than a minimum amount (actually the lowest is 90% of their making cost). A Q5 weapon cannot be priced anything lower than 342 gold. So, I donno if your idea would help in this.
As a matter of fact, people are willing to sell their Q5 weapon companies for 275 gold, but they are not allowed to set it at that price.
@Trojan: Loosing welness, no problem, I gain exp. Nice exp.
One can hire people for WRM company, but in this case, it will be at a loss. So ya, cant hire profitably.
Also I dint not understand, buying at lowest price from Orgs. Can orgs sell a Q5 company for cheaper than 342 gold to me?
@kismu xDD, i know that, but if someone want 10golds back you have a problem... And you have looses with the food. The problem is not the food, is the gold, how can you give back 10 golds? If someone want to spend in another thing??
About companies, q5 weapons are at 240golds in the black market xD. Sometimes less. People pass you the gold and then you buy the company. But you can wait another offer and spend only 195 golds.
And invest in q5 raw companies is loss money... gold companies are expensive xD, think in buy in currency 😛 xD
@CalcoSotelo, it is their gold. If they want it, they want it. I cant do anything about it. And I will have to return it back. If I have the gold, I will return it back. If, I dont have, I will return it as soon as possible.
Good, if we can get the offer back. Does is usually come back? Every month? When the last one came, It said it was the last offer. If it comes back, then it will be awesome. I could just collect gold and upgrade the companies.
Investing in a q5 company can be a profit as well. In the long run I mean. It takes approximately 300 days to gain back the investment though, haha.
Question: is there a limit in number of land plot one player can own?
kismu
q5 wrm(250 prod) - 35g is approx 35000inr while a q4 wrm(175 production per day) costs 7500 inr => lost of diff...with 35000 inr you can get 4 q4 wrms and save 5k inr tooo...o7
organizations cannot buy or sell companies anymore - that was the flaw! no, one can sell at less than 342 to you :'(...only way is blackmarket(depends on trust?) as calvo said! you buy for 342 from a seller U and U donated you 42 g later ie., you bought it for 300g...
Kismu, u can get a Q5 weapon company at around 180 gold, just wait for some time around end of month and there will be an ofer by admins for that...(i havent read some coments above : P, so i hope that this part no1 has said to u)