Handicrafts/Kitchenware retailing is one such sector within the overall retail segment, which has been in the limelight recently. Modern retail in this sector is emerging to cater to the diverse needs of the customer–be it convenience, fashion or price.
In a traditional Indian home, the need for kitchenware items is purpose-driven. Even till the early eighties, kitchenware in the average Indian home would constitute primarily copper, aluminum and stainless steel
The cookware segment accounts for nearly 63% of the house ware market. With the development of the other segments, this percentage could gradually come down. Pressure-cookers, non-stick cookware, stainless steel cooking vessels, woks and other metal ware are the main product categories in the cookware segment
Kitchenware market in India is still very much driven by purely functional requirements and there is a huge scope for market expansion. The future trends in this market can be seen in the form of kitchenware products and kitchenware retail formats
M VM Handicrafts is one of India's leading companies, involved in manufacturing and exporting of fine quality stainless steel products, offering a wide spectrum of products from Décor to barware, tableware, kitchenware and other utility products. With a modest beginning, we have today emerged ourselves as a reputed exporter of stainless steel kitchenware from India
Our regular comprehensive industry experiences have developed the knowledge and Understanding of market trends. Thus, we have been developing new designs ahead of the emerging trend. Since inception, we have always worked towards maintaining superior quality standards for all our products to ensure customer experiences satisfaction.
Their manufacturing unit has a separate department involved in product innovation and creating new designs. Along with the new products being developed at our end we also customize the products for our clients. This department works in consultation with the clients so as to reproduce the clients’ idea in form of the product.
Research methodology may be treated as the heart of the project without a proper and well organized research plan it is impossible to complete the project and draw conclusions and get results.
Research methodology deals with the type of methodology used, the problem of the study formularized, hypothesis, assessment tools of used .The methodology was designed taking into consideration the objectives of the study.
Some of Conclusion that can be drawn from the study done, the working capital position of MVM are –
MVM should increase the short-term investment. The composition of marketable securities in total current assets is almost negligent which could be increased by financing them, which in turn will increase the working capital substantially and the liquidity position will be much higher than it is now as they can be converted into cash as and when required.
Their Net Working Capital in the year 2010 is less as compared to the year 2009. In order to bring it to the satisfactory level, the company should decrease their liabilities and should increase their current assets.
Net profit Ratio of the firm is increasing, which states that the firm increased the period in which its raw materials are converted into finished goods.