DECORATION OF GLASS WARES
Introduction
This business idea is for manufacturing and marketing of decorated glassware. In order to upgrade the quality of the daily-use glassware articles like tea sets, tumblers, lampshades etc. Different designs are put on glassware to make it more attractive to the buyers. They may be flowery or they could be of different colors, but Design must be attractive enough to lure customers. They have de market structure because they are household items in every family in both rural and urban areas. They are used laces like hotels, offices, Restaurants, and homes. The business idea is based on production of 26,000 decorated glasses in a month, which translates into 312,000 glasses per annum with a sales margin of 10%. Total investment requirements are US$ 136,312 for the first one year of project operation.
Market Analysis
With an increase in the number of glassware in circulation, the need for distinguishing features on these wares has resulted in the increased need for decorated glassware. The use of decorative glassware in lower, middle and rich families, offices, hotels, is increasing day by day. Therefore, the market for this decorative glassware can be explored.
Production process
The glassware is decorated with the help of special glass colors where attractive designs are painted or printed either by hand painting or by silk screen-printing. In making multi-colored designs, different types of silk screens are prepared after mixing colors with turpentine fat oil or gum. After painting on a cleaned surface, the glassware is allowed to dry for a short duration and put in an electric muffle furnace and heated at a temperature of 500°C-550 °C.
Capital Investment Requirements in US$
|
Capital Investment Item |
Units |
Qty |
Unit |
Amount |
|
Silk Screen- Printing machine |
No |
1 |
1,000 |
1,000 |
|
Electronic Muffle furnace |
No |
1 |
1,250 |
1,250 |
|
Painter's wheels |
No |
2 |
250 |
500 |
|
Paint
brushes, dishes, basins, |
No |
20 |
2 |
40 |
|
Office Equipment |
No |
1 |
500 |
500 |
|
Delivery Van |
No |
1 |
6,000 |
6,000 |
|
Total |
9,290 |
Production and Operating Costs in US$
Production costs assumed are for 312 days per year with
a daily capacity of 1,000 decorated glass wares
Depreciation (fixed asset write off) assumes 4 years life of assets written off
at _25% per year for all assets. Direct Costs include: materials, supplies and
other costs that directly go into production of the product. A production month
is assumed to have 26 days.
Project Product Costs and Price
Structure in US$
|
Item |
Qty/d |
Qty/Yr |
Unit |
Prod |
Unit |
T/rev |
|
Decorated |
1,000 |
312,000 |
0.4 |
126,023 |
0.45 |
140,400 |
Profitability Analysis in US$
|
Item |
Per |
Per |
Per Yr |
|
Revenue |
450 |
11,700 |
140,400 |
|
Less: Production and Operating Costs |
404 |
10,594 |
126,023 |
|
Profit |
46 |
1,106 |
14,378 |