Introduction to Mosquito Coil Project Report, Manufacturing Process Business Plan: Hello folks, today we are here with a new topic called “Mosquito Coil Project Report”. Mosquitoes suck human blood for their own need but indirectly they are spreading deadly diseases like dengue, malaria, etc. Mosquito coil has been used for years as repelling element and killing of insects including flies, mosquitoes, etc. It saves people from mosquitoes by no direct contact with human bodies. It has high demand in India and the International market. The competition in this segment is very narrow and the supply is regularly needed. As it has huge demand, so there is a good possibility for budding entrepreneurs to tap the market and gain profits.
Mosquito Coil Project Report, Manufacturing Process Business Plan
The financial analysis of a project report is based on the following segments.
- Market potential
- Basis and presumptions
- Implementation schedule
- List of approvals required
- Raw materials required
- List of machinery and equipment
- Manufacturing process
- Project economics
- Profitability
Market potential of Mosquito Coils Manufacturing Business
The market demand for coil stands has been growing every day and is almost equally in demand with the Mosquito coils in the market. There is an ever-growing need for the coil to prevent mosquito-borne infections and the spread of diseases. Especially, during the rainy seasons, a lot of water gets stagnated in unused tires, holes, pots, dustbins, and any other things which are not in use on regular basis. They serve the best regions for breeding mosquitoes as humidity is the best environmental condition. This indicates the ever-growing demand for these types of the coil along with their stands in the market.
Basic and presumptions of Mosquito Coils Manufacturing Business
- Working hours/shift: 8 hrs.
- No. of shift/day:1
- Working days: 300
- Labor expenses: as per the State Government’s Minimum Wages Act.
- Rate of interest: 15% per annum
- Costs of machinery and equipment: Taken based on a particular dealer
- Value of raw material: As per local market Packing material/others rate (on wholesale rate)
- Land: owned
- Building Construction
- Break-even point will be estimated on a full capacity utilization basis
- Pay-back time is 5 – 7 years
Implementation Schedule of Mosquito Coils Manufacturing Business
- Preparation of project report 2 weeks
- Selection of Site 2 weeks
- Provisional registration as small-scale unit 1 week
- Availability of loan finance 4 weeks
- Procurement of machinery and Equipment 4 weeks
- Erection of Machinery and Equipment 1 week
- Recruitment of staff and labor 2 weeks
- Procurement of raw material 2 weeks
- Trial production 2 weeks
The overall time required to start the project is 4 to 5 months.
List of approvals required for starting Mosquito Coil Manufacturing Business
Below is the list of licenses, registration, and permissions required to start a Mosquito Coil Manufacturing Business:
- MSME registration
- GST registration
- ROC
- Registration of firm
- Shop Act License
- IEC Code
- Export License
- Fire and Safety
- ESI
- PF
- NOC: No Objection Certificate from pollution board
- Trade license from local municipal authority
Area required to start Mosquito Coil Manufacturing Business
To start a small-scale Mosquito Coil Manufacturing Business, you require 300 – 500 sq. mt of area.
The raw material required for starting Mosquito Coil Manufacturing Business
The raw material needed for this manufacturing process is available easily. These plates are bought from popular suppliers and then processed on a shearing machine that helps to cut in size and later they are sent to the power press.
Quality Control & Standards: Though there are no such hard and fast specifications, the product is manufactured in the range of 78mm (length) x 45mm (width).
List of machinery required to start Mosquito Coil Manufacturing Business
Below is the list of machinery required to start Mosquito Coil Manufacturing Business –
- Shearing machine
- Power press 20 Tons
- Die with Auto feeder
- Machine drivers
- Measuring instruments
Mosquito Coils Manufacturing Business
Pollution control: The manufacturing process does not involve the release of any kind of pollutants and hence there is no need to consider any pollution measures.
Energy Conservation: The entire manufacturing does not use much power and there is no such obligation to restrict the usage. However, it is recommended to service the machines from time to time to maintain them properly and use the power when required and minimize the over usage in the unit.
Mosquito Coil Project Report/Economics of Mosquito Coils Manufacturing Business in India
In case if you miss this: Clove Oil Manufacturing Project Report.
A. Fixed capital Per month (Rs)
(i) Land & building
Rented 250 sq m area (workshop, office & store) Rs. 10,000 per month
(ii)Machines and Equipment
Shearing machine Rs. 74,000
Power press 20 Tons Rs. 1,10,000
Die with Auto feeder Rs. 35,000
Machine drivers Rs. 2,500
Measuring instruments Rs. 10,000.
Office furniture Equipment
Electrification and installation @10 of total cost of machinery: Rs. 18,400
Total Rs. 2,49,900
Say Rs. 2,50,000.
iii) Pre operative Cost Rs. 20,000
Total fixed capital (ii) + (iii) Rs. 2,70,000
B. Working Capital (per month)
Manager /Engineer: Rs. 12000
Skilled Worker-2: Rs. 12000
Semi Skilled Worker-2: Rs. 10000
Peon Cum Watchman-1: Rs. 5000
Sweeper (part time)-1: Rs. 2000
Helper-1: Rs. 4500
Total: Rs. 45500
Perquisites@ 20%: Rs. 9100
Total: Rs. 54,600
Say: Rs. 55,000.
Raw material
Tin plate 60000/ton 04 tons: Rs. 2,40,000
Packing material: Rs. 10,000
(iii) Utilities
Power: Rs. 2500
Water: Rs. 500
(iv) Other Contingent Expenses
Rent: Rs. 10,000
Postage & Stationery: Rs. 500
Repair & maintenance: Rs. 3,500
Transport & conveyance: Rs. 5,000
Telephone Charges: Rs. 500
Insurance: Rs. 1,500
Miscellaneus Expenses: Rs. 1,000
Total: Rs. 22,000
(v) Total Recurring Expenses (pm)
Raw material 2,50,000
Personal 55,000
Utilities 3,000
Other contingent Expenses 22,000
Total: Rs. 3,30,000
Total capital Investment
Fixed Capital: Rs. 2,70,000
Working Capital (for 3 months): Rs. 9,90,000
Total: Rs. 12,60,000.
Financial Analysis
(1) Cost of production (per year) in (Rs)
a) Total recurring cost: Rs. 39,60,000
b) Depreciation on Tools and office Equipment @ 20%: Rs. 9,500
c) Depreciation on machinery @ 10%: Rs. 18,400
d) Interest on total investment @ 12.5%: Rs. 1,57,500
Total: Rs. 41,45,400.
Turnover
(2) Total Sales (per annum)
By sale of 90,00000 @ 0.52 each = Rs. 46,80,000
(3) Profit (per year)
Profit = (Total sale) – (Cost of production)
= Rs.46,80,000 – Rs.41,45,400
= Rs.5,34,600.
(4) Net profit ratio = Net profit per year x100
Turn over per year = 5,34,600/ 46,80,000 x 100 =11.4%
Rate of Return = Net profit per year x100
Total investment = 5,34,600/ 12,60,000 x100 = 42.4%.
Break even point
Rent: Rs. 1,20,000.
Depreciation on Machinery @10%: Rs. 18,400
Depreciation on Tools & office Equipment @20%: Rs. 9,500
Interest on Loan: Rs. 1,57, 500
40% of Salary & Wages: Rs. 2,64,000
40% of other Contingent Expenses: Rs. 57,600
40% of Utilities: Rs. 14,400
Total: Rs. 6,41,400
B.E.P. = Fixed Cost x 100/Fixed Cost + profit
= 6,41,400 x 100/11,76,000 = 54.5%.
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