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Broom Grass - A Lucrative Business

Broom Grass – A Lucrative Business   As brooms are needed in every house hence the demand for broom grass is sufficient throughout the country. The majority of its production is from the subsistence farming areas and dispersed collection from the forest which are faraway to transport networks and markets.

Broom grass is a high volume crop and this is a glut in the market during the harvesting season that reduces the local price. The wholesale trading of brooms is a highly monopolized activity. The major portion of income goes to the traders and the middleman. The farmers get a very meager amount. Therefore, to improve the economy of people and region, the system of cooperative marketing needs to be developed. The Forest Corporation can play a good role in this venture. To start the venture of broom grass is not a big task it can be started on a small scale too. There are some steps that everyone needs to follow before starting the business of broom grass.

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Business Plan

  Before starting the business, do some research in your locality about the demand for the broom. Before starting the business of broom production it is vital to crafting a business plan. Firstly, start by researching whether you want broomsticks as a raw material or you will produce that also at your premise. Do not forget to determine the business objective and marketing strategy. However, you will compete with another broom brand too in your locality. Calculate the startup budget that includes fixed capital and working capital investment.

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Machinery and Process

The broom production can also be started manually. In this case, you will have to buy only a broom cutter and broom packing machine. The process although is simple. On harvesting, the broom grass is cut into the required size on a cutter and made a suitable bundle with the use of a plastic packing machine. Starting a broom production business with semi-automatic machines is more profitable and cost-effective. With the help of these machines apart from generating high-volume products you will also be producing different types of brooms that have different filling angles.

Promote Your Broom Production Business

To promote your business start selling it in your local area. As broom is a consumer durable item. Building a strong distributor channel is necessary for getting success in this business. Make sure that your broom is available in every retail counter within the territory you are catering in. You can also create an online presence by creating a website. It can help you in getting a new distributor account from outside of your recent territory.

 

The Future of Broom Grass

 

There is a high demand for grass broom in the local, national and international markets. In Assam, there are various buyers of grass broom i.e. Oink Agro. And Livestock Pvt. Ltd Diphu Kari Anglong; Hindu Traders, Silchar. In Guwahati, there are various wholesalers, dealers of grass broom where farmers can contact for selling their produce. In India, there is an availability of buyers and exporters in every state. The grass broom in India is also exported to Nepal, Yemen, Kuwait, Bangladesh, and the USA. In the USA there is a demand for Indian grass broom, which people purchase from Indian markets available in the USA. Therefore marketing of grass broom is not a problem and farmers can go for increasing their production.

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Conclusion

  Niir Project Consultancy Services (NPCS) helps you to identify a profitable project for investing or diversifying into by throwing light on crucial areas like industry size, the market potential of the product, and reasons for investing in the product. The project reports by NPCS help you understand the viability of the project by disclosing details like machinery required, project costs, and a snapshot of other project financials.

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#Plan4Business #StartupPlan #StartupIdea #DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #BroomGrass #BroomGrassManufacturing #BroomGrassProduction #BroomGrassBusiness #BroomGrassInvestment

ABOUT NPCS

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Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

And before diversifying/venturing into any product, wish to study the following aspects of the identified product:
  • Good Present/Future Demand
  • Export-Import Market Potential
  • Raw Material & Manpower Availability
  • Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

Reasons for buying the report:
  • This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.
  • This report provides vital information on the product like its definition, characteristics and segmentation.
  • This report helps you market and place the product correctly by identifying the target customer group of the product.
  • This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.
  • The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.
The report contains all the data which will help an entrepreneur find answers to questions like:
  • Why I should invest in this project?
  • What will drive the growth of the product?
  • What are the costs involved?
  • What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product. The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Our Approach:

  • Our research reports broadly cover Indian markets, present analysis, outlook and forecast.
  • The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players.
  • We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

Introduction
  • Project Introduction
  • Project Objective and Strategy
  • Concise History of the Product
  • Properties
  • BIS (Bureau of Indian Standards) Provision & Specification
  • Uses & Applications
Market Study and Assessment
  • Current Indian Market Scenario
  • Present Market Demand and Supply
  • Estimated Future Market Demand and Forecast
  • Statistics of Import & Export
  • Names & Addresses of Existing Units (Present Players)
  • Market Opportunity
Raw Material
  • List of Raw Materials
  • Properties of Raw Materials
  • Prescribed Quality of Raw Materials
  • List of Suppliers and Manufacturers
Personnel (Manpower) Requirements
  • Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel
Plant and Machinery
  • List of Plant & Machinery
  • Miscellaneous Items
  • Appliances & Equipments
  • Laboratory Equipments & Accessories
  • Electrification
  • Electric Load & Water
  • Maintenance Cost
  • Sources of Plant & Machinery (Suppliers and Manufacturers)
Manufacturing Process and Formulations
  • Detailed Process of Manufacture with Formulation
  • Packaging Required
  • Process Flow Sheet Diagram
Infrastructure and Utilities
  • Project Location
  • Requirement of Land Area
  • Rates of the Land
  • Built Up Area
  • Construction Schedule
  • Plant Layout and Requirement of Utilities

Project at a Glance

Assumptions for Profitability workings
Plant Economics
Production Schedule
Land & Building
  • Factory Land & Building
  • Site Development Expenses
Plant & Machinery
  • Indigenous Machineries
  • Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets
  • Furniture & Fixtures
  • Pre-operative and Preliminary Expenses
  • Technical Knowhow
  • Provision of Contingencies
Working Capital Requirement Per Month
  • Raw Material
  • Packing Material
  • Lab & ETP Chemical Cost
  • Consumable Store
Overheads Required Per Month And Per Annum
  • Utilities & Overheads (Power, Water and Fuel Expenses etc.)
  • Royalty and Other Charges
  • Selling and Distribution Expenses
Salary and Wages
Turnover Per Annum
Share Capital
  • Equity Capital
  • Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals
  • Revenue/Income/Realisation
  • Expenses/Cost of Products/Services/Items
  • Gross Profit
  • Financial Charges
  • Total Cost of Sales
  • Net Profit After Taxes
  • Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements
  • Current Assets
  • Gross Working. Capital
  • Current Liabilities
  • Net Working Capital
  • Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets
  • ROI (Average of Fixed Assets)
  • RONW (Average of Share Capital)
  • ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios
  • D.S.C.R
  • Earnings Per Share (EPS)
  • Debt Equity Ratio
Annexure 7 :: Break-Even Analysis
  • Variable Cost & Expenses
  • Semi-Var./Semi-Fixed Exp.
  • Profit Volume Ratio (PVR)
  • Fixed Expenses / Cost
  • B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume
  • Resultant N.P.B.T
  • Resultant D.S.C.R
  • Resultant PV Ratio
  • Resultant DER
  • Resultant ROI
  • Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status
  • Equity Capital
  • Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks
  • Determined Capacity P.A of Products/Services
  • Achievable Efficiency/Yield % of Products/Services/Items
  • Net Usable Load/Capacity of Products/Services/Items
  • Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation
Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit
Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,
Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit
Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses
Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges
Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses
Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses
Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)
Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)
Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits
Annexure 35 ::Projected Pay-Back Period And IRR