Candle wonders business plan

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Candle wonders business plan

  1. 1. Group 5
  2. 2. CANDLE BUSINESS Candles have been used for light and to illuminate mans celebrations for more than 5,000 years, yet little is known about their origin It is often written that the first candles were developed by the Ancient Egyptians, who used rush lights or torches made by soaking the pithy core of reeds in melted animal fat. However, the rush lights had no wick like a true candle.
  3. 3.  The Egyptians were using wicked candles in 3,000 B.C., but the ancient Romans are generally credited with developing the wicked candle before that time by dipping rolled papyrus repeatedly in melted tallow or beeswax
  4. 4.  Historians have found evidence that many other early civilizations developed wicked candles using waxes made from available plants and insects. Chinese candles are said to have been moulded in paper tubes, using rolled rice paper for the wick, and wax from an indigenous insect that was combined with seeds. In Japan, candles were made of wax extracted from tree nuts In India, candle wax was made by boiling the fruit of the cinnamon tree.
  5. 5.  Candles have come a long way since their initial use. Although no longer mans major source of light, they continue to grow in popularity and use. Today, candles symbolize celebration, mark romance, soothe the senses, define ceremony, and accent home decors — casting a warm and lovely glow for all to enjoy.
  6. 6. LOCATION Name:- Candle Wonders Industry:- Candle Business Business Type :- Partnership Capital Investment:- 48,00,000 Location :-Belgaum Udhyambag sector
  7. 7. PARTNERSHIP DEED Name of Entrepreneur:- Mr Rahul David Date of Birth:- 05/07/1987 Age:- 25 Project:- Candle Making Location:- Salem Salvador, Do-Mundo Bardez Goa Porvorim, Goa Type of organization Proprietary/ Partnership:- Partnership Name of firm:- "Candle Wonders" Address:- Udhyambag, Belgaum
  8. 8. Qualification Institute Major Year of Subject passingHSSC or Vidya Arts 2004-2005BELOW HSSC Prabodhini, Porvorim Goa BBA CBALC, HR 2005-2008 BelgaumDegree/Diploma S.P. Jain Institute MBA 2008-2010 of Management MBA and Research , Puna
  9. 9. Training in Institute Duration Achievement Bizzyland 4 TH Floor, Vishrambag Candle Vada Next To Making Chitale Sweets, 2010-2011 Passing Certificate Course Sadashiv Peth, Pune – 411030 Organization Position Nature of work DurationZAF Enterprise HR Assistant Office 2011-2012
  10. 10.  Name of Entrepreneur: Ms Naithali D’costa Date of Birth: 03-07-1987 Age: 25 Project: Candle Business Location: Abu Dhabi, U.A.E Type of organization: Proprietary/Partnership: Partnership Name of firm: "Candle Wonders" Address: Udhyambag, Belgaum
  11. 11. Qualification Institute Major Year of Subject passingS.S.C or HSSC St Joseph’s Commerce 2004below School AUHDegree/ BBA University of Marketing 2007 WollongongDiploma DXB MBA Hariot Watt Marketing 2009 DXB
  12. 12. Training in Institute Duration Achievement Candle & flower Anant Apartment 1 year course Awards & Completed making Opp Mordern High 2009-2010 certificate School, JM Road, Sivaji Nagar, PuneInterior & fashion Inter National 2010-2011 Awards & Completed Designing Institute of Fashion certificate Design Organization Position Nature of work Duration Home Center Asst. Manager Interior Decorator 2011-2012 Auh
  13. 13. PRODUCTS Scented Candle Long thin candles Long Thick candles Spiral candles Glass candles Color candles Design Candles
  14. 14. MARKET SURVEY End product :- Colored scented candles End users :- Middle & upper class, Decorators Suitability and strength of selecting particular product :- Innovative, not many players Brand :- Candle Wonder Tagline: Light your life Selling price :- 20/-
  15. 15.  Class & type of consumers: Middle and upper class, decorators Product life cycle and present status : Introduction Stage Past demand pattern: High Anticipated future demand projections: Higher Buying criteria and influencing factors: Value for money pricing will influence customers
  16. 16.  Current availability and production capacity versus utilization: 90% in totalMarketing Practices Distribution: Dealers Credit Policy: No credit facility Strengths and special services to be offered, if any: Coloured scented, decorated candles Possible clientele and their likelihood of buying: Decorators
  17. 17. 7 P’S OF MARKETING Product :- Candle Price :- 20/- or depends on the type Place :- Udhyambag Belgaum Promotion:- Catalog & pamphlets to dealers
  18. 18. COMPETITORS Wax Works General Bewoor, CAMP, (GaneshpurRd), Belgaum, India Jawan Candles - India hubli Shridevi Candles - India Hubli
  19. 19. MANUFACTURING PROCESS Keep Molds ready Melt Pure Keep for cooling
  20. 20. Melt PourAdjust MachineKeep for cooling
  21. 21. PLANT & MACHINARYS. Description Qty. Price Total Names andNo. required Value addresses of suppliers1 Auto Shot 3000-D 1 4,00,000 4,00,000 Candlewic, Mumbia.2 Candle-machine- 1 5,00,000 5,00,000 Candlewic, 125x125 Mumbia.3 Fluted base former 20 1,000 20,000 Candlewic, Mumbia.4 Tray mould 100 220 22,000 Candlewic, Mumbia.5 Polyurethane tea 20 1,300 26,000 Candlewic, light mould Mumbia.6 Wick holder bar 500 4 2,000 Candlewic, Mumbia. Total 9,70,000
  22. 22. TYPES OF MACHINERY Candle-machine-125x125 Fluted base former Auto Shot 3000-D
  23. 23. EQUIPMENTWick holder bar Tray mould Sustainer base Polyurethane tea light mould Mould Wick holder bar
  24. 24. LAYOUTMACHINE 1 MACHINE 2 STORAGE REST ROOM WORKING SPACE LOBBY
  25. 25. RAW MATERIALSS. No. Item Total Requirem Total Sources annual ents Quantity Value (Rs) 1 Wax 15,600 90 14,04,000 Candlewic , Mumbia. 2 Colour block 1,872 40 74,880 Candlewic , Mumbia. 3 Wick 1,560 20 31,200 Candlewic , Mumbia. 4 Scents and 1,872 125 2,34,000 Candlewic fragrance , Mumbia. 5 Sustainer base 93,600 0.45 42,120 Candlewic , Mumbia. Total 17,86,200
  26. 26. UTILITIESS. Particulars Annual Rs/Unit Total RemarksNo. Requirement Annual s Expenses (Rs)1 Electricity 1,200 4.40 5,280 KEB2 Water 100 35 3,500 KWB Total 8,780
  27. 27. MANPOWERS. Particulars No. Total Wages & RemarksNo. Salaries (Rs per year)1 Skilled employees 1 1,20,0002 Semi-skilled 5 4,20,000 employees3 Unskilled employees 4 1,92,000 Total 7,32,000
  28. 28. PRODUCTION PROGRAMMES. Item/Product Total Qty. Price per Sales CapacityNo. Per Year Qty. Revenue Utilization Per Year1 Fluted base candle 25,000 50 12,50,000 20%2 Polyurethane tea- 25,000 50 12,50,000 20% light candle3 Tray candle 44,000 20 8,80,000 50% Total 33,80,000 90%
  29. 29. FIXED CAPITALS. Item Value (Rs)No.1 Machinery/Equipment 9,70,0002 Building 25,00,000 Total 34,70,000
  30. 30. WORKING CAPITALS. Item Duration Quantity ValueNo.1 Raw materials stock 1 month 1,50,0002 Finished goods stock 1 month 2,80,8003 One month 1 month 8,780+7,32,0 Production expenses 00= 7,40,780 (Utilities + Wages + Salaries) Total 11,71,580
  31. 31. TOTAL COST OF PROJECTS. Particulars Value (Rs)No. 1 Fixed capital 34,70,000 (Total of item No. 4.1)2 Working Capital 11,71,580 (Total of item No. 4.2)3 Preliminary and pre-operative expenses 50,000 Total 46,91,580
  32. 32. PROJECT PROFITABILITY ANALYSISS. Description Value (Rs)No. 1 Sales Revenue 33,80,0002 Manufacturing expenses 25,26,980 (2.3+2.4+2.5)3 Selling & Distribution expenses 50,0004 Administrative expenses 10,0005 Interest -6 Depreciation 40,0007 Gross profit [1-(2+3+4+5+6)] 7,53,0208 Income tax (30%) 2,25,9069 Net profit (7-8) 5,27,114
  33. 33. PRODUCT LIFE CYCLE Introduction stage:- Start manufacturing candles from 1st April 2012 with a gross profit of 7,53,020 & net profit of 5,27,114. Growth stage :- Potential buyers get attracted with increased profits. Maturity stage :- Have own outlets Decline stage :- Start a joint venture/ tie up with event companies or decorators.
  34. 34. ENCLOSURES Partnership deed Educational certification Certificates of experience Permission letters Expected cost of the building or rent receipt. Quotation for machinery and equipment Letters from raw material suppliers

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