Here, our Candle Making Detailed Project Report (DPR) deliver after thorough project analysis, which is created based on deep research and rich in graphics and pictorial view and contain required information or data to fulfill its purpose for Bank loan, Government Sponsored Scheme etc.
Our report data is up to date and easily impress your lender as these Candle Making Project Report made by Chartered Accountants. Project reports having unbeatable quality, extraordinary project reports, trusted by thousands of people.
In our reports, you get every micro detail and accurate level of calculation as per the banking guidelines, acceptable to every bank, Non-Banking Financial Company, Government Departments and other financial institutions etc. These reports are very straight forward contain honest descriptions, neat, readable, and to-the-point. Reports are well spaced with titles and subtitles and are free of language errors.
Our report preparation team makes sure that the report is concise and transmits maximum information with minimum words. It guides you to show a roadmap for your business in the longer term. Every bank always has a look at your project report before they lend out any money. It’s important to have a report that’s clear with simple language, easy to understand and one that will offer a real insight into the business ideas that you have.
Candle Making Project
Do you want to start a candle manufacturing business from home or as a small scale manufacturing unit? Read this business project guide to start your candle manufacturing unit in India.
People light candles not only for religious purposes but also as decoration items. In addition to traditional long white candles, there is also a very potential market for scented and decorative candles. Before we start giving details, let us introduce you to the main elements required for the manufacture of candles. They are wicks, wax, dyes, stearic acid, production machines, and packaging.
Is the candle mANUFACTURING the business profitable?
Candle making is the most popular business for beginners, as it is very easy to start. Broadly, the reasons are as follows.
First, the investment required to start this business is very low.
Secondly, the process of making the item is simple. You do not need much machinery to manufacture candles. To start this business which is easily available in the market, you only need wax and wick.
Third, there is a demand for candles throughout the year.
The demand for traditional candles comes from religious needs. Candles are a must for any religious ceremony.
Currently, the demand for scented and decorative candles is increasing. These candles are being used by many homes, restaurants, event parties to illuminate their interior.
There are mainly two types of candles that you can plan to produce. One is a simple long candle of white color that has different heights and sizes.
Another category is decorative candles such as colored, scented, spiral, birthday type, thin, spiral, scented, LED, pillar candles.
Steps to make a candle business plan in India for beginners:
1. Do Market Research
It is advisable to go for market research and collect information related to demand and competition in the local market. This information will help you create a business plan document that will detect gaps and execute accordingly.
2. Create a Business PLAN
The first part of starting a candle making business is to create business project documents. Based on the information gathered, create a business plan. I
A clear candle making project report is crucial for your success as an entrepreneur. You wish to contemplate some important, like your initial costs, your target market, and how long it’ll see you interrupt even. Draft a proper candle making project report that describes your expected income, product and repair lines, expansion plans, and other details of your business. A well-drafted project report will facilitate you in applying for any bank loan.
3. Investments needed
The investment will mostly depend on the scale of business. For example, if you want to start at home or on a limited budget, your finances will cost Rs. 50,000 to 3.50 lakhs will be sufficient.
However, for a large commercial operation, the required investment would be in the tune of Rs. 10 lakhs. The cost includes automated candle making machinery that will provide 500 kg/day candle production.
4. License and registration required
If you are planning to run a candle making business, a business license from the local authority will be enough to start with.
However, if you are planning to start a commercial candle manufacturing, then you need to consider the following.
You must register your business. You can create a sole proprietorship, partnership, LLP, or private limited company as per your requirement.
Apply a PAN card for your business. Get a trade license from your local authority.
Also, open a current bank account. You can also apply for loans for machinery and working capital. You may also register your business for Udyam Registration on MSME Portal. To start a candle making business in India, you have to apply for GST – Goods & services Tax Registration.
You can also protect your brand name by registering a trademark.
5. Raw Material for Candle Making
The two main raw materials for making candles are paraffin wax and wick.
You also need yarn, different colors, molds, decorative items, and fragrances. Pay special attention to packaging for gifts or decorative candles.
Apart from the raw materials, you have to have some tools for making candles. These are melting utensils, thermometers, melting utensils, scales for melting wax, hammer, and an oven.
6. Machine Types
Many different varieties of candle making are available in the market. Choosing the right machinery is an important issue in starting the business properly. Incorrect selection of machines can result in little profit or loss to the project.
Candle making machines broadly can be separated into 3 different types. They are manual, semi-automatic, and fully automatic candle making machines. All machines are distinguished by their production capacity, production quality, and cost.
7.Evaluate the cost and investment
The cost of starting a small scale candle making business will depend to a large extent on the volume of products produced. The cost of the machine will increase according to the scale of operation and the type of machine you purchase.
You can start a candle manufacturing business in your home with a nominal investment to buy a manual candle making machine.
However, to start a small scale candle manufacturing unit in India would require an investment of 5 lakh to 10 lakh.
8. making process
The manufacturing process is very simple. However, the operation process of various candle making machines can be very short.
Then you need to pour melted paraffin wax on it. If you are using average quality wax, add stearic acid. However, for better quality, you may not need to add.
9. Candle MANUFACTURING Safety Guide
Wax should never be melted or in anything that does not have any form of temperature control because the wax has a flashpoint, and when it reaches that point will burst into flames without warning. The flashpoint can vary between 290 – 380 degrees depending on the wax. Always be safe when making candles.
10. Where to sell
There are mainly two ways to sell candles. One is physically distributing candles to its local retailers and distributors. The other one is selling online.
For physical distribution, you should contact retailers and local dealers and ask them to promote their brand of candles. Your pricing strategy will play an important role in giving them an interest in selling products.
Project Report Format
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 including CMA which is necessary for the Investor/bank.
Key Points Cover in Detailed Project Report on Candle Making
As mentioned above, Candle Making Detailed Project Report (DPR) is a complete package that contains everything that requires getting funds up to 25 Crores (Twenty Five Crores). Checkout our DPR sample to make your vision more clear. Usually, the Detailed Project Report (DPR) is needed when you apply for a bank loan or Government scheme. Project Report Bank aims to create the reports accurately from the start and make sure that businessmen get the right value and results from the reports.
The following are the key points we generally covers while making DPR, whichever relevant to your business :-
- Introduction to Project and Industry
- Executive Summary
- Profile of the business in the country
- Project Evaluation – Social Angle
- Analysis of basic variables
- Socio- Economic Advantage
- Impact on environment
- Foreign Trade Income
- Value addition
- Import replacement
- Technology assimilation and so on
- Present condition of the business
- Consumer Inclinations
- Market Prerequisites
- Market Portions
- Distribution Channels
- Market Qualities of the Item
- Export Possibilities and Global Market
- Marketing and selling game plans
- SWOT Analysis
- Particulars Of Existing / Proposed Bank Credit Facilities (Form – I)
- Projected Profitability Statement ( Form – II)
- Projected Balance Sheet (Form – III)
- Comparative Operation Statement (Form – IV)
- Maximum Permissible Bank Finance MPBF – (Form – V)
- Cash Flow Statement – (Form – VI)
Monetary Projections Details Contains:
- Cost of Project & Means of Finance
- Details of Raw Materials
- Details of Utilities
- Human Resources Planning
- Technical Manufacturing Business Process
- Assumptions in monetary projections
- Projected Sales & Production
- Cost of Production and Profitability
- Fund Flow Statement
- Working Capital Cycle
- DSCR – Debt Service Coverage Ratio
- BEP – Break Even Point Analysis
- IRR – Internal Rate of Return
- ISCR – Interest Service Coverage Ratio
- Calculation of payback period
- Debt to Equity Ratio
- Working Notes for Monetary Projections
- EBIT – Earnings before interest and taxes
- EBITDA – earnings before interest, taxes, depreciation, and amortization
- Cash Burn Rate
- Discounted Cash Inflow & Outflow
- NPV – Net Present Value
- Net Worth
Report Size : 40 – 50 Pages,
In which, Financial Projections : 18 – 20 Pages
Get Detailed Project Report
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To save time, we deliver reports over e-mail in a high-resolution PDF file and also provide hard copy through courier service in a given period. Our one more positive thing is that we provide 3 times free changes to your document post-delivery for up to 6 months and thereafter, on minor charges.
Every financial formula required by the bank is contained in a comprehensive Candle Making project report. To get the sample financial project report on WhatsApp, kindly share your details with our support specialist and get it easily. Also, you can contact our support specialist by just clicking the HELP button on the bottom right corner of this screen. Our project report assistance helps in explaining the features of the reports to make you more clear and understandable on different project reports.
Finally, if you are a small beginner with little capital investment, it is always advisable to start with less manpower. You must take as much responsibility as you can do. As you grow your candle manufacturing business and increase profits, think about adding quality manpower.
FAQ – Frequently Asked Questions
Q1. What are the machines require for making candles and how much cost it takes?
- Semi-automatic machine for making candles cost Rs.40000.
- A fully automatic machine for making candles cost Rs.60000.
Q2. How much cost does it take to start a candle manufacturing business?
On a small scale, it takes around 5 – 10 Lakhs.
Q3. From where you sell candles?
You can sell candles in your nearby shops, online on Amazon, Flipkart, etc., Retailers.
Q4. What insurance do you need for making candles?
Please keep in mind that you will need public liability indemnity insurance; it is your protection claim that a member of the public should be injured as a result of your negligence. An example would be a customer who tucks his head and tucks his head because you have opened some boxes.
Q5. Is making a candle is cheaper to buy?
It must be cheap to make it yourself at home, right? Sadly, unless you’ve already got a cabinet full of candle making supplies, building your own can double the price of buying just one.
Q6. What are the things to keep in mind before starting a candle making business?
- Candle making project is the best small business you can start. It has low startup costs, does not require much equipment, and can be done from home.
- Before starting a business, improve your craft and get comfortable in the candle making project report and process.
- Always plan. Create a simple business plan that covers your products, market segments, and startup budget.
- Remember, you do not have to fix everything in the beginning. Experiment and see what works best for you. It is part of the process of being an entrepreneur. Start small and grow from there.