Ed Project Report Final

VERMICOMPOST
B.Tech. Entrepreneurship Project Report

Submitted in fulfillment of
The requirement for the B.Tech.
Under Biju Patnaik University of Technology, Rourkela.
Submitted By
ABHISHEK SUARA Roll No. ME 201410596
AKASH PRADHAN Roll No. ME 201410379
2017 - 2018
Under the guidance of
Mr. Bhagabati Prasad Pattnaik
NATIONAL INSTITUTE OF SCIENCE & TECHNOLOGY

PALUR HILLS, BERHAMPUR, ODISHA - 761008
TRIBOLOGICAL BEHAVIOR OF PMC BY REINFORCING WITH COCONUT SHELL ASH AND CNT B.Tech 2014-2018
TABLE OF CONTENT
Sl. No. Description Page No.
1. Executive Summary
2. Business Plan Preparation through
Software developed by EDI
3. Business Plan prepared through Manual
Format
4. Market Survey Questionnaire & Analysis
5. Invoice / Quotation
6. Raw Material Price evidence
7. Copy of Qualification & Experience
certificate, Residential proof etc.,
OVERVIEW
Vermicompost is an compost we can prepare by using organic waste such as

domestic wastes like vegetable peels, food waste ,bedding materials and
agricultural waste it includes degradation of organic waste using various species
of worms .This business low investment and uses waste products so is eco-
friendly and economic in nature and can prove a good business opportunity in
today’s scenario where ecological balance and stability is given the top most
priority.
KIND OF BUSINESS : Vermicompost/ Manufacturing of Organic Manure
PROFILE OF MANAGEMENT:
we have done our B.tech in Mechanical engineering. After the completion of

our degree, we decided to do business rather than doing a job. For that we
have done a survey based on what business suits our district. Now we are on
the way to Vermicompost/ Manufacturing of Organic Manure unit.
Location: Surada, Ganjam,Odisha.
Resource needs: Performs as a raw material

volume of Business: 120 MT annually
Profit note in
(i) Market : Minimum 20% as margin

(ii) Customer: Customers are increasing at a stable rate
(i) Financial Highlight : Repayment of loan in 3 years by increasing

production.
BUSINESS PLAN preparation

FOR MSMEs .
Name of the Firm Sibani Agro Agency

Name of business/project Vermicompost/ Organic Manure
Location Surada, Ganjam,odisha

Type of Organization Partenership
(Proprietary/Partnership)
Address (with Phone, e- AT-Khaparaganda, PO- Palakatu, Via- Surada
mail) Dist- Ganjam, Odisha-761108
9861770104
Suaraabhishek@Gmail.Com
Name of the Chief Abhishek Suara
Promoter(s) Akash Pradhan
1.1. Educational Qualification:

Course (from School/University/Institute Major Yr. of
HSC/Diploma) Subject Passing
HSC Rosemary Matric. Higher PCM 2012
Secondary School
B.tech NIST, Berhampur ME 2018
1.2. Special Training:

Training in Institute Duration Achievment/Remark
EDI EDI 1 Month
1
1.4
Promoter’s Annual Income (Last Year) Beginner
Assets owned by the promoter (s) Jewels-12 lakhs
Movable
Immovable Land& building-75 lakhs
1.5 COMPANY’S MAIN OBJECTIVE (Why does the company exist?):
To manufacture the organic manure and to fulfil the needs of the customer
1.6 FINANCIAL GOALS:

a. To have a sales revenue amounting to Rs.4.176 lakhs at 100%
capacity
b. To obtain a profit margin of 21%
c. To obtain a profit per business partner of 1.72 lakhs
1.7 DESCRIPTION OF THE PRODUCT or SERVICE:
Compost and ANC Worms for Agricultural applications
1.8 IDENTIFICATION OF THE CUSTOMERS:

Market Survey, On Internet, Awaring the farmer society about our product
Needs satisfied by the product or service:

A durable consumer article
2
1.9 IDENTIFICATION OF THE COMPETITION (Major competitors):

Open market and completion is high from organized and unorganized units
Strengths/weakness of the competition:
Strength Weakness
 Skilled labours are not • Time Consuming.
required.
 Lower investment  The unit has to face competitions

from the existing major units
1.10 ADVANTAGES AND DISADVANTAGES OF THE PRODUCT AND YOUR

COMPANY
Price: Marginally high
Quality: Good
Terms of Delivery: 3 month from order date
Payment Methods: 1 week credit
1.11 MESSAGE TO BE COMMUNICATED TO THE CUSTOMERS:
Value for Trust
3
1.12 MARKETING AND MEANS OF COMMERCIALIZATION:

Present Demand To Explain Gap
& Supply
Competition To Elaborate Competition
Target Clients Agriculture Purpose Later On Expand To Export
Marketing Discounted Price, Quality Products.
Strategy (Unique Agricultural Applications
Selling
Proposition
(USP))
1.13 Manufacturing Process:

Prepared manually by using Organic Wastes with the help of earthworms
1.14 ProductionProgramme:
No. of woking days/annum :360
No. of working shifts (8hrs)/day : 2 shifts
Installed capacity (annual): 13.56 MT per annum
Utilised capacity (%)
Year –I :67%,
Year - II :67%
Year - IIIonwards:83%
S.No Item(s) Quantity Produced/Yr Capacity
Utilisation(%)
1 Vermicompost 12.96 MT 100%
2 ANC Worms 0.576 MT 100%
4
2.0 Details of the Proposed Project:
2.1 Land and Building:

S.No Particulars Area required Total value Remarks
1 Land 1000 Sq.Ft 0wn
2 Building 850 sft Rs 8 lakhs
TOTAL Rs 8 lakhs
2.2. Machineries/Equipments:
S.No Description Nos. required Rate (Rs in Total value
lakhs) (Rs.Lakhs)
1 Blow machine, 1 11 15
2 chiller 1
3 Air compressor 1
4 Heating unit 1
5 Moulds 10 nos/set 0.30 3
Total 18
2.3. Misc. Fixed Assets:
S.No Particulars Nos.required Rate (Rs) Total
value(Rs.lakhs)
1 Furniture,Computer,Printer 0.5
2.4. Preliminary and Pre-operative Expenses:

S.No Particulars Amount (Rs.in Remarks
Lakhs)
1 Interest during 0.5
implementation
2 Establishment expenses 1.5 EB, Borewell
5
3 Start-up expenses 0.5

Total 2.5
2.5. Working Capital:

S.No Item Duration Total Value (Rs.in lakhs)
Ist YR IInd IIIrd IVth Vth

YR YR YR YR
1. Raw-material 0.5month 3.90 3.90 4.2 4.2 4.2
stock
2 Work in progress 1 day 0.12 0.12 0.2 0.2 0.2
3 Finished goods 3 days 0.54 0.54 0.7 0.7 0.8
stock
4 Sales on credit 3 days 0.72 0.72 1.0 1.0 1.0
5 Working expenses 1 month 0.65 0.65 0.80 0.85 0.85

6 Total 5.93 6.31 6.90 6.95 7.05
2.6. Total Cost of the Project:

S.No Particulars Total value (Rs.in lakhs)
1 Fixed Capital 25.5
2 Contingency 1.0
3 Working Capital 1.5
4 Preliminary & Preoperative Expenses 1.0
Total 29
6
2.7. Means of Finance:

S.No Particulars Amount (Rs) Remarks
1 Own Investment/Equity 1.5
2 Term Loan 20.0
3 Working capital Loan 1.5
4 Unsecured loan/trade deposit 6.0
Total 29
3.1. Sales Revenue: (Please refer item No. 5.1 (Pricing)

S.No Items (s) Quantity Rate/Unit (Rs) Sales
Sold/Yr Realisation (Rs
in lakhs)
1 Bottle 72 MT 1550/MT 132.00
2 Scrap sale 1.5T 20000 0.20
Total 73 MT 132.20
4.1. Raw material (annual) Requirement:

S.No Item (s) Quantity Rate (Rs) in Total value
lakhs (Rsin lakhs)
1 Preforms 73.5 MT 1.30/MT 95.50
4.2. Utilities:Rs.In lakhs
7
S.No Particulars Annual Remarks

Expenditure
1 Power/electricity 6
2 Consumables 96
3 Factory overheads 5
Total 108
4.4. Man Power (Salaries/Wages):

S.No Particulars No. Wages/Salary Annual
p.m (Rs) expenses (Rs)
1 Skilled 2 6000 144000
2 Semi-skilled 1 14000 168000
3
Total 312000
4.5 Repairs and Maintenance:

S.No Particulars Amount (Rs in lakhs)
01 First year 0.2
Increase of 10% subsequent years
4.6. Selling and Distribution Expenses:

S.No Particulars Amount (Rs in Remarks
lakhs)
1 Publicity expenses
2 Traveling
8
3 Freight
4 Commission
5 Misc.
Total 0.05 Increase of 25%
4.7. Administrative Expenses:

S.No Particulars Amount (Rs in Remarks
lakhs)
1 Stationery & Printing
2 Post/telephone
3 Entertainment Expenses
4 Miscellneous
Admn overheads 0.15 1% increase
4.8. Interest:@ 15% for Term loan & 16% for wc loan in Lakhs
Year Loan amount Interest (Rs) Installment Balance (Rs)
Outstanding (Rs (Rs)
lakhs)
1 20 3.6 2 18
2 18 2.7 2 16
3 16 2.4 2 14
9
4 14 2.1 2 12
5 12 1.8 2 10
6 10 1.5 2 8
7 8 1.2 2 6
8 6 0.9 2 4
9 4 0.6 2 2
10 2 0.3 2 0
Total 17.10 20
4.9. Depreciation in lakhs:

S.No Type of Asset Cost of Asset * Expected Life Depreciation
1 Building 8.00 0
2 Machinery 18 20 years 0.90
3 Misc.assets 0.5
5.1. Pricing in lakhs:

Product 1 Product 2 Product3
Total product cost per ton 107.2

(fixed cost/unit +variable /unit)+tax
Desired Profit 25
Sale Price (including tax) 132.20
Profitability Projections:
10
S.No Particulars Amount (Rs)

Year- Year- Year-3 Year-4 Year-5
1 2
Capacity utilization % 67 67 83 83 83
A Sales realization 88.44 88.44 109.56 109.56 109.56
Sale of scrap 0.20 0.20 0.20 0.20 0.20
Total 88.64 88.64 109.76 109.76 109.76
B Cost of producing
1 Raw materials 64.02 64.02 79.30 79.30 79.30

2 Utilities-Power 4.02 4.02 4.98 4.98 4.98
Fuel 0 0 0 0 0
consumables 0.05 0.07 0.10 0.11 0.12
3 Salaries/wages 3.12 3.5 4 4.5 5
4 Repairs & maintenance 0.2 0.3 0.4 0.5 0.6
6 Factory over heads 0.07 0.08 0.09 0.09 0.10
(insurance,Tptetc, )
7 Selling& distribution expenses 0.05 0.07 0.10 0.11 0.12
8 Administrative expenses 0.15 0.17 0.19 0.21 0.22
9 Interest Term loan 3.6 2.7 2.4 2.10 1.80
Working capital loan 0.21 0.21 0.21 0.21 0.21
othersl 0.05 0.05 0.05 0.05 0.05
TOTAL –B (1 TO 11) 75.54 75.19 91.82 92.16 92.50
C Gross Profit/Loss (A-B) 13.1 13.45 17.94 17.60 17.26
D Less: Depreciation 2.6 2.6 2.6 2.6 2.6
E Income-tax 1.25 1.25 3.63 3.60 3.58
F Net profit/loss (C- (D+E) 9.25 9.60 11.71 11.40 11.08
G Repayment 2 2 2 2 2
H Retained surplus 7.25 7.60 9.71 9.40 9.08
11
Sample Net worth statement to be declared by each Promoter
Immovable Properties: (Rs.in

lakhs)
House In Palayamkottai 45.00
Land 2800 sq.ft. Plot no.01/Parpakulam 30.00
Total (A) 75.00
Movable properties
Fixed Deposit with Bank
Shares in list companies
Bank Balances 5.00
Gold on hand 12.00
Vehicle
Insurance (surrender Value) 2.00
Total (B) 19.00
Grand Total: (A) + (B) 94.00
Less: Liabillities Nil
Net Worth 94.00
12
13
1. What is the production range capacity?
a. 800BPH b.1200BPH c. 1000BPH d.600BPH
2. Terms of payment, price of selling a product?
a.Credit b. cash payment c. cheque
3. Who are the customers?
a. Retailer b. RO plant c. public d. all of them
4. Raw materials/ supplier, where they purchase?
a.Pondichery b. Chennai c. Bangalore d. Hyderabad
5. Time required to get raw material, after order placement? Cost of

transportation?
a.3days b. One week c. 15days d. one month
Cost of transportation is
6. Standard minimum order quantity?
a.1kg b. 10kg c. 100kg d. 500kg
7. Price variation in raw material affects the selling price of product?
a.Yes b. No c. Manageable
8. Life cycle of machinery
a.3 years b. 5 years c. 7 years d. 10 years e. more than 10 years

9. Maximum output of a machine in a month or year?
a.60% b. 80% c. 100%
10. Maintenance cost per year?
a.1000Rs. b. 5000-10000Rs. c. 10000-15000Rs. d. Above 20000Rs.
11. Rejection percentage of raw material?
a.1% b. 2% c. 5% d. more than 5%
12. Causes for rejection?
a.Raw material b. material handling c. machinery
13. Rejection material/waste, where and how sell?
14. Price for the scrap in kg?
a.10Rs. b. 15Rs. c. 20Rs. d. 50Rs.
15. How much Vat percentage, you add for billing?
a.2% b. 3% c. 4% d. 5% e. Above 5%
16. Profit Margin in percentage
a.20% b. 30% c. 50% d. Not to wish

1.How often do you buy single use pet water bottle?
a.3+/day b. 1-2/day c. 1-4/week d. occasionally e. Never
2.Where do you regularly buy your packaged drinking water?
a.Grocery store b. hotels c. amma water bottle d. convenience store
3.Why do you buy pet plastic water bottles?
a.Taste b. health concern c. convenience d. hard to find water tank
4.Why do you not buy pet mineral water bottle?
a.Cost b. already use a reusable bottle c. prefer cans/containers
5.Do you think pet bottles are safe? if so Reasons.
a.Yes b. No
Reasons:-
6.Do you think pet plastic bottles can be break down by itself after some
years(degradable)
a.Yes b. no c. I don’t know
7.What percentage of plastic bottles are recycled?
a.None b. 1- 25% c.25-50% d.50-75% e. 75-99%
8.What size of pet water bottle you buy?
a.300ml b. 500ml c. 1000ml d.2000ml
9.Why don’t you buy 2 liter pet water bottle often?

a.Not easy to handle b. usage is less c. cost is high
10. Do you prefer pet jar containers for your kitchen? why
a.Yes b. No
Reason:-
1.Which size of the pet water bottle is moving in market?
a.300ml b. 500ml c. 1000ml d. 2000ml
2.What type of transportation for pet bottle from supplier?
a.Tata ace b. lorry c. own vehicle
3.Mode of payment to supplier?
a.Credit basis b. full payment c. 50% percent before and 50% percent after
delivery
4.Causes for 2000ml bottle to move less in market?
a.Prefer 20ltr jar b. handling problem c. limited usage
5.Do you get bottle cap, label from pet bottle supplier? Why
a.Yes b. No
Reason:-
6.Cost of bottle for sizes you buy
a. ---------------for 300ml c.--------------for 500ml
b. ---------------for 1000ml d.---------------for 2000ml

7.Whether transportation cost is included?
a.Yes b. No
8.Time required to get pet bottle after order placement?

\
a.2 days b.1 week c. with in 1 month
9.Which season water business peaks high?
a.Summer b. winter c. all time
10.Percentage of sells during seasions?
a.summer ---------% b. winter----------%
11. what is your installed capacity?
a.1000LPH b. 2000LPH c.
5000LPH d. 10000LPH
12. what is your monthly requirement?
//2//
 TERMS AND CONDITIONS:
1. DELIVERY: Immediate.
PAYMENT: DD full payment
2.
DELIVERYwith relevant documents
3. PURCHASE ORDER: The PO to be made in favor of M/S. Sri varu industries, Coimbat
documents in this regard to be sent to M/S. Sri varu industries, Coimbatore for Order Proce
4. Warranty : One Year Replacement warrantee from the date of invoicing against defe
workmenship or material. Warranty does not cover the following items like – Motor
solenoid coil / DUV –problem due to fluctuation in power supply or any other cause.
5. TRANSIT INSURANCE: Insurance will be at your account. Necessary dispatch informat
provided for doing the needful at your end.
6. VALIDITY: Our Offer is valid for 15 days from the date of our order
All disputes are subject to Coimbatore jurisdiction only.
For SRI VARU IND
Authorised
BANK DETAILS :
ACCOUNT NAME : SRI VARU INDUSTRIES
BANK NAME : CITY UNION BANK LIMITED
BRANCH : SAI BABA COLONY BRANCH, COIMBATORE
ACCOUNT NO : 211120000188146
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VERMICOMPOST

B.Tech. Entrepreneurship Project Report

ABHISHEK SUARA Roll No. ME 201410596

AKASH PRADHAN Roll No. ME 201410379

Under the guidance of

Mr. Bhagabati Prasad Pattnaik

NATIONAL INSTITUTE OF SCIENCE & TECHNOLOGY

2. Business Plan Preparation through

Software developed by EDI

3. Business Plan prepared through Manual

4. Market Survey Questionnaire & Analysis

6. Raw Material Price evidence

7. Copy of Qualification & Experience

certificate, Residential proof etc.,

Vermicompost is an compost we can prepare by using organic waste such as

KIND OF BUSINESS : Vermicompost/ Manufacturing of Organic Manure

we have done our B.tech in Mechanical engineering. After the completion of

Location: Surada, Ganjam,Odisha.

Resource needs: Performs as a raw material

(i) Market : Minimum 20% as margin

(i) Financial Highlight : Repayment of loan in 3 years by increasing

BUSINESS PLAN preparation

Name of the Firm Sibani Agro Agency

Location Surada, Ganjam,odisha

1.1. Educational Qualification:

1.2. Special Training:

1.5 COMPANY’S MAIN OBJECTIVE (Why does the company exist?):

1.6 FINANCIAL GOALS:

1.7 DESCRIPTION OF THE PRODUCT or SERVICE:

Compost and ANC Worms for Agricultural applications

1.8 IDENTIFICATION OF THE CUSTOMERS:

Needs satisfied by the product or service:

1.9 IDENTIFICATION OF THE COMPETITION (Major competitors):

 Lower investment  The unit has to face competitions

1.10 ADVANTAGES AND DISADVANTAGES OF THE PRODUCT AND YOUR

Payment Methods: 1 week credit

1.11 MESSAGE TO BE COMMUNICATED TO THE CUSTOMERS:

Value for Trust

1.12 MARKETING AND MEANS OF COMMERCIALIZATION:

1.13 Manufacturing Process:

2.0 Details of the Proposed Project:

2.1 Land and Building:

2.4. Preliminary and Pre-operative Expenses:

3 Start-up expenses 0.5

2.5. Working Capital:

Ist YR IInd IIIrd IVth Vth

4 Sales on credit 3 days 0.72 0.72 1.0 1.0 1.0

5 Working expenses 1 month 0.65 0.65 0.80 0.85 0.85

2.6. Total Cost of the Project:

2.7. Means of Finance:

3.1. Sales Revenue: (Please refer item No. 5.1 (Pricing)

4.1. Raw material (annual) Requirement:

4.2. Utilities:Rs.In lakhs

S.No Particulars Annual Remarks

4.4. Man Power (Salaries/Wages):

4.5 Repairs and Maintenance:

4.6. Selling and Distribution Expenses:

4.7. Administrative Expenses:

4.9. Depreciation in lakhs:

5.1. Pricing in lakhs:

Total product cost per ton 107.2

S.No Particulars Amount (Rs)

1 Raw materials 64.02 64.02 79.30 79.30 79.30

Sample Net worth statement to be declared by each Promoter