Hosiery Manufacturing

Description

Here, our Hosiery Manufacturing 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 Hosiery Manufacturing 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.

 

Hosiery Manufacturing Project Report

The hosiery sector is one of the major components of the Indian textile industry. The overall hosiery market is highly crumbled due to the presence of many brands and non-brand companies. Some of the most popular hosiery brands are Nike, Reebok, Puma, and Bata. Also, you can find many regional small hosiery companies here.

Generally, the volume of socks in the total hosiery market in India is maximum. Typically, hosiery caters to a wide range of items that all come in knitwear. Some of the most popular hosiery products are vests, briefs, nightshirts, pajamas, bathrobes, dressing gowns, panties, leggings, jeggings, short pants, Capri, socks, etc.

Starting a hosiery manufacturing business in the textile industry is quite an easy business. And of course, if you want to start with a small investment, you should start with one or two items. Also, you can apply for financial help from banks or other financial institutions.

8 step guide to starting hosiery manufacturing and distribution business

 

Step 1: Choose the right product

This is the first and most important step of this business. There are a lot of products that fall under the hosiery segment. However, you have to select the product according to your target audience. So, you should first analyze the local market. Check the products that people use regularly.

Also, check out products from regional brands that are already in the market. Analyze the distributor’s price chart including their price and retail price. These simple basic steps will help you choose your products. If you focus on either women’s items or gents items, try to choose some unisex products like track pants.

Step 2:Business Plan project report

Based on the products you want to produce, you will need to prepare a customized project report. Apart from the technical aspect, the financial aspect is of paramount importance in the hosiery business. You need to invest more in working capital than the fixed cost.

In the project report, there are some basic estimates of whether you have your base or you want to hire. Here in this sample profile, we refer to the cost of machinery, equipment, raw materials. And it is assumed that these rates are likely to vary from supplier to supplier and place to place.

A clear Hosiery manufacturing 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 Hosiery manufacturing 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. Therefore, you can get a well-draft project report from our website www.projectreportbank.com.

Step 3: Financial Aspects for Hosiery Manufacturing

In the hosiery business, it is better to apply for a working capital loan from banks. An overdraft or cash credit facility is the best option. However, you can also apply for full project finance. In that case, you need to ensure the collateral security deposit that the bank asks for. Here we have a sample cost calculation and financial analysis.

Fixed cost

  • The total shed is Rs 8,50,000. Land and buildings with factory shed
  • Machinery and equipment = Rs. 11,50,000
  • Electrification and other pre-operative expenses = Rs. 5,00,000
  • Total Fixed Cost = Rs.25,00,000

Working capital cost

  • Employee and labor wages = Rs. 3,75,000
  • Raw material = Rs 5,50,000
  • Utilities = Rs 25,000
  • Other contingencies = Rs 50,000
  • Total Expenses for 1 month = Rs.10,00,000
  • Working Capital for 3 Months Expenses = Rs.30,00,000

Total Investment (Rs.)

Fixed Investment  = Rs.25,00,000

Working capital =Rs.30,00,000

Total Investment Rs.55,00,000

Step 4: Selecting the location

After receiving the financials, you have to select a location for the operation. Typically, location requirements vary depending on the size of the business. The unit does not require much height. However, proper ventilation is required. You should set specific locations for raw material storage, construction work, finished goods storage, and official works.

Also, the space must have electrification and water supply for general use. As the hosiery industry is labor-intensive, you should focus on employee welfare. Provide proper toilet facilities and pantry for employees.

Step 5: Procurement Machinery

Generally, the requirement for machinery varies depending on the specific raw material you use and what product you want to produce. As an example, if you buy printed clothes, you do not need to arrange for the die. Here, we have provided some basic machinery requirements list.

  1. Cutting machine (electric powered)
  2. Overlock machine (3 thread) with stand and motor (1/2 hp)
  3. Folding machine (1 / 2 hp motor) with stand and motor
  4. Rib cutting machine (1/2 hp motor) with stand and motor
  5. Sewing Machine with Motor Stand (1/2 HP)
  6. Scissors, measuring instruments, check tables, and miscellaneous items
  7. Garment washing machine
  8. Hydro extract
  9. Dryer tumbler
  10. Laundry bags
  11. Steam press portable
  12. Packing machinery
Step 6: Proving the raw material

Depending on the specific products you produce, you need raw materials. There are some basic things

  1. Dyed/bleached knitted cotton fabric in different count
  2. Top elastic
  3. Leg elastic
  4. Zip, button
  5. Various sewing threads
  6. Labels and polythene bags for individual packing
  7. Cartoon box for bulk packaging
  8. Detergents for washing and other miscellaneous items.
Step 7: Hosiery Manufacturing Process

The manufacturing process involves the following steps:

Phase 1

First of all, buy dyed / bleached cotton fabric from the open market. Before cutting, inspect the fabric by laying the fabric on the inspection table against the light so that you can eliminate the disparity in colors/shades or any other defects in the fabric.

Phase 2

Place the inspection cloth on the cutting table in layers. And then, according to the different sizes, separate the parts of the respective clothes with chalk. Fabric cutting is done by the cutting machine to exact dimensions by the fabric cutting machine.

Then, stitch the entire garment with the help of overlock, sewing machines, etc. by skilled workers.

Phase 3

Garments obtained from the sewing section will usually have some dirt/stains. You can eliminate them by treating them in a washing machine with a mild soap solution. Remove excess water from clothing by drying in a hydro-extractor and drying the clothes in a tumbler drying.

Perform a final check by placing individual pieces on the test table to remove any defects and threads in the piece. Then press individual pieces to remove wrinkles in the piece. Finally, pack in paperboard boxes available specifically for the purpose.

Step 8: Hosiery Distribution

In our country, wholesale distribution is the most preferred and proven method of selling materials for manufacturers. And for this, you must have a brand name for the product. Apply for a trademark registration for that name.

Prepare a distributor and a retail price list. Whenever you enter the market, retailers can show interest in your products. Also, consider some large advertising and product promotion activities. These will help retailers sell your product.

 

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 Details Project Report on Hosiery Manufacturing

 

As mentioned above, Hosiery Manufacturing Detail 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

CMA Data – Credit Monitoring Arrangement Data

  • 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 Detail Project Report

Gone are the days waiting at the door of the expert , as a result, get you Hosiery Manufacturing project report in hand, now you can get you business plant in just 7 days.

First Step            –   Click add to basket  >>  Check Out  >>  Payment

Second Step       –   Provide Required Information on What’s App No.                                                      9301130551 or Email on [email protected]

Third Step           –   Get report within 7 days in PDF format. 

Don’t gamble anywhere, if you are serious about your business plan then Project Report bank is the right place to higher for the preparation of your detailed reports.  

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 Hosiery Manufacturing 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.

 

SWOT Analysis

Strength

Hosiery manufacturing business is quite easy to start that you can start with one or two equipment. The biggest strength is that the market demand for hosiery items never fall that makes it a highly profitable business.

Weakness

The hosiery manufacturing business requires large working capital investment. It requires a large number of workers. So, you may need for financial help from banks or other financial institutions.

Opportunities

The hosiery manufacturing business is one of the most profitable small scale industry where lies the utmost opportunities. For startup, you only make a deal with any nearby hosiery shops or showrooms. Moreover, the new concept of ‘Vocal for Local’ gives an edge to small scale industries’ businesses like hosiery businesses to prosper.

Threats

The hosiery manufacturing market is a very big large number of competitions faced by manufacturers. It may also require high patience because it may take some months or years to gain some profit.

Conclusion

In India, electronic media advertising plays an important role. Also, you can consider hoarding advertising to promote the products of the hosiery manufacturing business.

FAQ – frequently asked questions

Q1. How is hosiery made?

The hosiery is made of a variety of combs and knit denominators (weight) of nylon and lycra yarn. The right combination creates hosiery that can enhance, smooth, sculpt, shape, and sometimes even energize, leaving you feeling taller, leaner, and later.

Q2. What are the machinery requirements for the hosiery manufacturing business?

  • Cutting machine (electric powered)
  • Overlock machine (3 thread) with stand and motor (1/2 hp)
  • Folding machine (1 / 2HP motor) with stand and motor
  • Rib cutting machine (1/2 hp motor) with stand and motor
  • Sewing Machine with Motor Stand (1/2 HP)
  • Scissors, measuring instruments, check tables, and miscellaneous items
  • Garment washing machine
  • Hydro extract
  • Dryer tumbler
  • Laundry bags
  • Steam press portable
  • Packing machinery

Q3. What are hosiery items?

Typically, hosiery caters to a wide range of items that all come in knitwear. Some of the most popular hosiery products are vests, briefs, nightshirts, pajamas, bathrobes, dressing gowns, panties, leggings, jeggings, short pants, Capri, socks, etc.

Q4. Is the hosiery manufacturing business profitable?

The hosiery manufacturing business is profitable because per piece hosiery items need very less capital. If your manufacturing business is new then it may require some patience for earning profit but elsewhere it is a profitable business. Try to make a deal with showrooms and nearby hosiery shops and also you may sell your product online then it may give you more profit.

 

 

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