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PlasticManufacturing Business Plan INTRODUCTION

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PlasticManufacturing Business Plan

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PlasticManufacturing Business Plan INTRODUCTION

  1. 1. BUSINESS PLAN  Concept : - We want to set-up a small scale industry for plastic products which will be produced semi-finished and will be supplied to large scale industries for making it the final product.  Objective : - Our main motto behind this is that there are so many things which are made-up of plastic and thus we have a greater scope for these products.  Name of the company : - New Light Plastic Manufacturers  Type of Business : - Partnership firm  Names and Educational Qualifications of Partners : - · Abhishek Jain, graduated from Bhavans college, Mumbai · Chandni Mundra, MBA from NMIMS, Mumbai · Hemang Italia, B.Sc-IT from Sathe college, Mumbai · Jimesh Vakharia, MBA from S.P. Jain, Mumbai · Sangeeta Lahoti, MMS from HR college, Mumbai
  2. 2. · Siddharth Kheria, BMS from Raheja college, Mumbai  Location of factory is decided to be Silvassa as; there we get cheap labour, better environment, less VAT charges to be paid and huge market for plastic products.  Availability of Land : - Land is given by one of our partners, Mr. Siddharth Kheria  Environmental aspects : - It is the guarantee of the company that the environment will not be polluted. The harm to the environment is too minimal, also as, the factory is established in the industrial area far from the residential area.  Products : - · Medicine Box · Jewellery Box · Plastic belts · Plastic dice · Hangers · Plastic Bottles The products will be superior in quality than the other competitor products’ as we adopt Japanese technology.  Method of Production : - Job and Batch Production
  3. 3.  Machinery : - · 3 machineries named as Carmix will be purchased for manufacturing purposes. · Also, a mixer and a cooler are required. · Cost of 1 machine: - Rs. 5,00,000 · Cost of Mixer: - Rs. 50,000 · Cost of Cooler: - Rs. 30,000  Construction of Building is carried out for Rs. 4,00,000  Budget : - The total budget estimated is 30,00,000 (30 lacs)  Availability of Money : - Rs. 4, 00,000 will be contributed by each partner except from Mr. Siddharth Kheria as he is contributing land.  Return on Investment is expected to be 8% p.a.  Loan to be taken : - A loan of Rs. 15, 00,000 is to be taken from HDFC Bank @ 6% p.a. interest.
  4. 4.  Power Supply : - Power to be supplied by the local provider of Silvassa and the units to be consumed per day are 50 units.  Oi l: - Oil will be supplied by Hindustan Petroleum.  Depreciation : - Depreciation on assets will be 10% p.a. by Straight Line Method of depreciation.  Recruitment of People : - Five semi-skilled labourers will be recruited to carry on the manufacturing process.  Employee’ related Issues : - · Wages : - Rs. 120 per day · Provident Fund : - The Employee’ Provident Fund Act is followed and all the employees of the company are entitled to contribute in it. · ESIC Act is also followed by the company.  Insurance : - The factory building is insured for Fire insurance and the ESIC (Employee State Insurance) Act will be followed.  Raw-Materials : - From Bajaj Manufacturers & Suppliers · Material 1 : - Plastic Granules @ Rs. 48 per kg
  5. 5. · Material 2 : - Polistering @ Rs. 72 per kg · Material 3 : - Various Colours @ Rs. 12 per 250g pack  Marketing : - The media of communication will basically be the PR activity, face-to-face communication with clients and through pamphlets. The company follows continuous research process. And, the expenses on marketing of product will be minimal.  A summary of various costs involved : - · Raw-Materials Material 1 4,800 Material 2 7,200 Material 3 2,000 14,000 · Wages 18,000 · Power & Electricity 10,000 · Maintenance 1,000 · Insurance charges 5,000 · Transportation 2,000
  6. 6. · Warehousing 1,000 · Other Expenses 1,000 TOTAL: 52,000
  7. 7. · Warehousing 1,000 · Other Expenses 1,000 TOTAL: 52,000

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SEE MORE BUSINESS PLANS ON http://www.eduauthor.com PlasticManufacturing Business Plan

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