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. · 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. 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. 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. · 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