This business idea is for the production and marketing of plastic bangles Women world over wear bangles for elegancy. Plastic bangles have a good market as they are available in different designs and colours for different occasions and seasons. Thus setting up a plant to make plastic bangles is a good business and is quite viable. The TR is estimated at US$ 1,248,000 per year while the production capacity is estimated at 1,000 bangles per day. The total investment is estimated at US$ 852,277 per year.
In manufacturing plastic bangles, acrylic pipes of different diameters are cut as per the demanded market size and thickness, which are engraved and polished and ultimately packed for market.
Capital Investment Requirements in US$
|Capital investment item||Units||Qty||@||Amount|
|Socket buffing machine||No.||1||1,400||1,400|
|Total cost on machinery||2,545|
Production and Operating cost in US$
|Cost Item||Units||@/ day||Qty/ day||Pdn cost/ day||Pdn cost / month||Pdn cost/ year|
|Acyclic plastic Pipe||mtrs||46||50||2,300||59,800||717,600|
|Utilities(water and power)||150||1,800|
|Depreciation (Asset write off)Expenses)||53.02||636.25|
|Total Operating Costs||70,811||849,732|
- Production costs assumed are for312 days per year with a daily capacity of 1000 bangles.
- Depreciation (fixed assets 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.
Project product Costs and Price Structure in US $
|Item||Qty/ day||Qty/ yr||@||Pdn cost /yr||UPx||TR|
Profitability Analysis in US$
|Profitability Item||Per day||Per month||Per Year|
|Less production and operating Costs||2,724||70,811||849,732|
Plastic bangles have a ready market both in rural and urban areas. More so, they are liked by tourists and are normally bought for remembrance. They are therefore supplied in tourist centers, cultural centers and all shops.
Sources of Raw Materials and Equipments
Raw materials are locally available from industries dealing in plastics where acyclic plastic pipes are made out of recycled plastics and equipments can be sourced from India and China.
Government Facilities and Incentives
The government policy encourages establishment of many industries to create employment and plastic materials are an environment hazard and so recycling them is in line with government environment policy of controlling plastic bags.