project feasibility report
DESCRIPTION
PROJECT FEASIBILITY REPORTTRANSCRIPT
CONTENTS
1. COMPANY PROFILE
2. MARKET RESEARCH
3. MANUFACTURING PROCESS &TYPES OF CANDLE
4. RAW MATERIAL & EQUIPMENT
5. MARKETING & SALES
6. CONCLUSION
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1. COMPANY PROFILE
Name of the unit:-K.V. Candles Pvt. Ltd
Location:- Plot No. 234, Shubam NagarKellkatalaiChennai
Constitution:- Partnership venture of two partners
Name of the partners:-S.KarthikeyanK.Vinoth Kumar
Product to be manufactured:-Wax Candle
Bank Loan Details:-Project Value: Rs. 3,00,000/-Loan Provider: Tamilnadu Indutrial Investment Corporation
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2. MARKET RESEARCH
We have conducted the market research which has given us the result that there is
great demand for candles in rural as well as in urban markets due to frequent power
cut in urban areas. Yet the candle has survived due to specific uses it is put to viz;
in churches as a religious relic, an essential item at birthday ceremonies, to melt
the sealing wax used to seal locks of factory go down etc. Now days candle is used
for decoration in hotels and restaurant it is used in house as showpiece.
Apart from the above said uses the candles are the most required one during the
power failure or the power shut down for maintenance. During this kind of
situation candles are required in more numbers. In Tamil Nadu during the past 5 to
10 years there is a shortage of electricity for which wealthier people go for using
inverter by which it cannot be accompanied by most people of the state. For those
people candle is the only source of light during power failure.
In Tamil Nadu demand for candle has increased consistently and frequently
required in more quantities which is not available now. So creating small scale
industry on the front of candle manufacturing would be more profitable during.
Hence we opted to develop a small scale unit of manufacturing candles.
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3. MANUFACTURING PROCESS& TYPES OF CANDLE
For hundreds of years the basic "art" of hand pouring candles remained relatively
unchanged. In simple terms making a candle involved melting wax, coloring,
scenting and pouring into molds. Along the way, gradual changes were made in
the process and in the industry such as pouring into glass containers,
development of new types of molds and even pouring wax into sand to make
candles.
In our estimation, more changes have occurred in the hand pouring of candles in
past number of years than the previous 100 years. Companies and individuals can
now "accessorize" their operation to make the process of hand pouring much
easier.
Several of the early developments, which may not have been considered
revolutionary at the time, have made life easier for the candle maker. Two
examples include the pre-wick assembly and "blended waxes."
The pre-wick assembly has made life much easier for companies of all sizes when
making votives and container candles. Having the wick waxed, cut and a tab
placed on it accuser
TYPES OF CANDLE
The candle are made in variety of designs depending upon the die used for
manufacturing the candle. Some of the types of candles are listed below.
1. Cross Candle
2. Devotional Candle
3. Figure Candle
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4. Creepy Candle
5. Different Shaped Candle
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4. RAW MATERIAL&EQUIPMENT
1. Hard paraffin wax2. Satiric acid3. Hydrogenated vegetable oil4. Perfume5. Color
Wax Melting Machine:-
The foremost equipment is wax melting machine.
Molding machine & Molds:-
These consist of two metallic blocks which when jointed together for a row vertical
moulds. The melted wax is poured in to moulds in which the wicks are first set in
the inside of the moulds cavities are smeared with little mineral oil like liquid
paraffin, kerosene etc. or any vegetable oil to prevent sticking of the candles
facilitating their easy removal . The moulds made of aluminum, bronze, rubber etc.
Materials&Equipment Price(Rs.) Quantity
Hard paraffin wax 250 per kg 50 to 100kg per day
Satiric acid 200 per litre 10 litres per day
Hydrogenated vegetable oil
100 per litre 10 litres per day
Perfume 150 per litre 5 litres or less
Color 100 per kg 5kg per day
Wick 50 per meter 100 meter per day
Wax Melting Machine 55,000per machine 2 Nos
Molding Machine 75,000per machine 2 Nos
Molds 500 to 800 per set 10 Nos in each type
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Specifications:
Diameter of candle Height of candle No. of pieces at one time
10mm 190.5 30010.5mm 190.5mm 28411mm 215.9mm 24012mm 215.9mm 20014mm 215.9mm 18415mm 241.3mm 16016mm 241.3mm 16017mm 241.3mm 14419mm 266.7mm 12021mm 266.7mm 9623mm 292.1mm 8424mm 292.1mm 7225mm 304.8mm 60
5. MARKETIING & SALES
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Now days the popularity of candles is increasing because of candles is increasing because of changing life style of people. People are not only use candles for lightening purpose but also for decoration purpose and in hotels for candles light dinner. So our target market is local hotels & restaurants churches candles are still using for power failure.
We produce our product as per customer as per customer demand .we have our own transport facility because of that customer get. Product at lower price than other so our product demand increasing day by day.
The products can be sold from the range of Rs. 2 to Rs. 20/- depending upon the size of the candle that is sold. The annual turnover can range from Rs.5 lakhs to Rs.10 lakhs depending on the sales and marketing strategy
6. CONCLUSION
When we establish our company market our first product is normal white candles after the success of those candles. Now we are launching perfumed candles. If we get good response from customer we planning for launch the new product that is colour flame candles.
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