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A matchbox is a box constructed of cardboard or thin wood that is used to hold matches. It generally has a coarse striking surface on one side for lighting the matches within. A safety match can only be lit by hitting it on the striking surface on the match box’s side. Sand, powdered glass, and a chemical called “red phosphorous” are used to create a “striking surface.”The shape of a simple matchbox is cuboids.
Matches are purchased in bulk. There’s the wooden variety, which comes inboxes. There are also paper matches, which are stapled into matchbooks in rows. Because matches are utilised in practically every home and industrial institution, there is always a significant demand for them. This indicates that the matchstick manufacturing industry has a lot of profit potential.
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Matchsticks are a very useful tool for starting a fire. They’re used to light ovens, kerosene stoves, and cookers in the kitchen. Starting a fireplace, industrial burners, a campfire, or lighting candles are other uses. Plastic, wood, and cardboard strips are used to make matchsticks. Under controlled settings, matchsticks are used to create a fire. In many homes, they are used to start a fire for cooking. They are also used in industry to ignite fires when heat energy is required and burn waste materials.
India produces four million matchboxes each day, the cheapest in the world. Indian matchboxes account for one-third of all matchboxes used worldwide. Every year, the sector generates 90 million bundles, with each bundle containing 600 matchboxes and each box containing 40 to 50 sticks. Matchsticks are a fast-moving consumer commodity that necessitates branding to gain market share. Matchsticks are purchased in bulk. The business’s success is dependent on a strong channel network.
The production of wooden matches in India is divided into three sectors:
The technology has remained quite straightforward. Wooden matches account for 82 percent of total match output—handcrafted small-scale (67%) and cottage (15%) industries, respectively. These two non-automated the match industry is divided into many sectors based on its output size. The cottage industry in matchmaking is officially described as any Less than 75,000 cases are produced by a manual production facility box per year.
Matchsticks are in high demand, and billions of matchboxes are used every day. Matchsticks create fire, which is required to cook, light candles, and smoke cigarettes, among other things. On a modest scale, anyone can start a matchstick manufacturing business while adhering to strict safety regulations.
FMCG products touch every element of our existence. People from all walks of life commonly use these things, and they account for a significant percentage of their income. Apart from that, this sector has a significant contribution to India’s economy. This industry has experienced a tremendous expansion in recent years, and it has even experienced growth throughout the recession.
India’s fourth-largest employer is the fast-moving consumer goods (FMCG) business, with Household and Personal Care accounting for half of all FMCG sales. The urban segment accounts for roughly 55% of the total income generated by the FMCG sector in India. Rural India’s market has developed at a higher rate in recent years than urban India’s. Semi-urban and rural areas rapidly expand, with FMCGs products accounting for 50% of overall rural spending.
From US$ 31.6 billion in 2011 to US$ 52.75 billion in 2017-18, the FMCG industry has increased significantly. By 2020, the sector is predicted to increase at a compound annual growth rate (CAGR) of 27.86%, reaching US$ 103.7 billion. Increased awareness, better access, and changing lifestyles have been the primary development factors in the business. The extraordinary expansion of the FMCG industry in India, particularly in tier II and tier III towns, is mainly attributable to an improvement in the people’s standard of living and an increase in disposable money.
Basic Machinery requirements are as follows:
In the production of matches, it is a two-part procedure. The matchstick and the match head are two types of matches. Let’s take a look at each of the two aspects separately.
Basic raw materials are as follows:
The following is the manufacturing process:
It is critical to register your company if you wish to run a legally acceptable matchbox manufacturing firm. The best legal company structure for your company will be determined by its size and resources. It is preferable to seek legal advice from a local attorney before deciding on the ideal business structure. The same is true when it comes to obtaining licences and permissions.
Matchbox production requires extreme caution due to the presence of dangerous chemicals. Due to the presence of combustible raw materials, poor quality control may result in an unintentional explosion.
The matchbox industry has progressed from a manual to a fully automated manufacturing process. The matchmaking industry is now regarded as a large-scale enterprise. Although industrialised countries such as the United States see slower growth as a result of superior alternatives, developing countries continue to have enormous growth potential.
Project Report Table of Contents
| Sr. No. | Particulars |
| 1 | Purpose Of The Document |
| 2 | Project At A Glance |
| 3 | Product Introduction |
| 4 | Uses & Market Potential |
| 5 | Machinery Details With Images |
| 6 | Raw Material |
| 7 | Manufacturing Process |
| 8 | Project Infrastructure |
| 9 | Land And Building |
| 10 | Manpower |
| 11 | Power And Fuel |
| 12 | Bank Term Loan And Working Capital |
| 13 | Depreciation |
| 14 | Licences And Registrations |
| 15 | Implementation Schedule |
| 16 | Financial Aspects |
| 17 | Cash Flow Statement |
| 18 | Projected Balance Sheet |
| 19 | Projected Profitability Statement |
| 20 | Computation Of Making Of Match Box |
| 21 | Computation Of Working Capital Requirement |
| 22 | Break Up Of Labour |
| 23 | Break Up Of Salary |
| 24 | Computation Of Depreciation |
| 25 | Repayment Schedule Of Term Loan |
| 26 | Calculation Of D.S.C.R |
| 27 | Computation Of Sale |
| 28 | Electricity |
| 29 | Break Even Point Analysis |
| 30 | Financial Indicators / Ratio |
| 31 | Plant & Machinery List |
Apart from this, all the information is being provided. To help in preparing project reports.
Q.1 HOW CAN YOU MAKE MORE PROFIT IN THE MATCHSTICK BUSINESS?
Q.2 WHAT ARE THE MARKETING STRATEGIES TO OVERCOME BUSINESS COMPETITION?
Strategic planning is the first step in surviving or staying ahead of the competition. You must first identify your rival and then determine the competitor’s strengths and shortcomings before formulating a strategy based on the data obtained. Concentrate all of your offensive energy on your opponent’s flaws while avoiding and protecting against their advantages.
Find a specialised market and dedicate yourself to serving that niche to the best of your ability.
It’s up to you to identify such a niche and devote all of your marketing efforts to it. Concentrate your efforts rather than spreading them out, and don’t attempt to be everything to everyone; instead, be something to someone.
To outwit your competition, you must be one-of-a-kind. You must discover your strength, develop it, and share it with the rest of the world. So, if you want your company to be relevant in the industry, you must be distinctive.
You can develop a strong brand image by prioritizing quality, attempting to meet your brand promise, and focusing on your overall brand image. The majority of today’s well-known companies were once tiny businesses. You’ll stay ahead of the competition if you continuously spend in creating a brand for your company.
Most organizations are so preoccupied with keeping an eye on the competition that they overlook their most valuable asset: their customers. Your primary focus should be on better serving customers; your ultimate goal should be to provide the highest level of customer satisfaction.
Knowing your customer’s needs and touching them at the moment of need is part of connecting with them. You have nothing to fear from the competition if you can accomplish this.
You must demand quality and make it a standard in your company. You may set yourself apart from the competition by insisting on high quality at a reasonable price.
To stay competitive in the market, a company’s overall strategy focuses on innovation. Being creative does not involve investing millions of dollars in research and development; it just entails being ready to experiment with new goods and processes to increase the value of your services.
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In our project report format, we cover technology details, its diagrams, flow chart etc. as and when required or deemed fit to include. Also, prepare in-depth financial calculations which is necessary for the Investor/bank.
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