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Rubber Eraser Project
Are you involved in starting a small company to make erasers? Find a comprehensive business strategy guide for manufacturing erasers with machines, manufacturing processes, and raw materials.
A rubber eraser is practically an important thing for students. The eraser is used to delete the defects. Practically, an eraser helps eradicate pencil writing and occasionally pen writing. Erasers have a rubbery feel and are mostly white or pink, but they can be manufactured in any colour using modern materials. In addition, the eraser is used frequently by typewriters, tailors, and bookkeepers. Generally, the critical school stationery section requires an eraser.
The method of eraser creation is quick. And from natural rubber, you can make a rubber eraser. In addition to that, the corporation needs no capital spending. So, if you want to start a small production company, then you should probably consider starting this company.
Market Potential Of Rubber Eraser
In reality, there is still a major demand for rubber erasers. And there is an increasing need for a reliable eraser that erases the lines properly. Additionally, certain wooden pencils at their endpoints come with rubber. The market for high-quality erasers is bound to rise as the education sector is growing.
There are many other activities, aside from that, where a rubber eraser is an important tool. As an instance, tailors and bookkeepers use rubbers daily. So, you can grab a large market in your region with a proper distribution plan.
Rubber Eraser business plan
It is relatively simpler than other businesses to start an eraser manufacturing business. A unit of two to three raw materials can be run here. And the method of manufacturing is also quick. However, you need to write a business plan before starting this business.
You need to specifically state in the plan the particular type of rubber you intend to make. Additionally, the packaging specifics and marketing strategies need to be discussed. Often, the business plan must consist of the study of financial expenses. Both of these will allow you to run the organization smoothly.
A clear Rubber Eraser Project Report is crucial for your success as an entrepreneur. Therefore, you also wish to contemplate some important, like your initial costs, your target market, and how long it’ll see you interrupt even. Also, draft a proper Rubber Eraser Project Report that describes your expected income, product and repair lines, expansion plans, and other details of your business. Because, 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
The business registration and license
Regardless of the size of the company, you require registration. You should start the company as a proprietorship if it is a small-scale industry. However, you need to decide the form of business organization based on the investment pattern.
Usually, this type of company doesn’t require some particular type of license. Even then, you need to consult with the local corporation. You require a special license from the local Municipal authority in some states to run any kind of business. You may consider applying for online Udyam registration for MSME.
At present, GST Registration is a must to begin a manufacturing company.
The setup of the unit
Moreover, you can start a small rubber eraser manufacturing unit with a covered area of a minimum of 1000 Sq Ft. Space must provide a source of electricity and water daily. Additionally, verify the transportation service.
Determine the exact space for equipment, storing raw materials, for finished products, and a space for administration work before building the machinery as proper space utilization usually tends to minimize labour costs.
The machine of eraser making
The key fixed capital investment goes to the eraser, making machine procurement. And the machine’s expense depends on the efficiency of the machine and the production output. Acquire the appliances from a renowned supplier. Check the warranties for the particular unit, in addition.
Hydraulic press, Rubber mixing roll mill, cutter and grinder, stamping machine, boiler, and other accessories are currently the primary plant and machinery needed.
Generally, the machine for eraser making comes as an assemblage of numerous components of machinery. It consists of a machine for kneading. Additionally, it comes with a frequency control inverter. For heating or cooling, it has a jacket outside the cylinder. For heating, you can concurrently use hot oil, electricity, or steam. And a high-quality machine comes with a full stainless steel frame.
Raw Materials for Rubber Eraser Making
Generally, natural rubber is the key raw material you require. Starch, petrolatum, vulcanized waste rubber, practice, abrasive, lithopone, and sulfur are among the other inputs. Additionally, you will need to provide consumables for packing. Generally, a single sheet of hard paper would need to be sealed. And for distribution and wholesaling, you should make a package of 12 pieces of rubber.
The Process Of Eraser Manufacturing
You can actually make rubber erasers from various raw materials, such as synthetic rubber, natural rubber, and other thermoplastics. In this project design, the eraser is believed to be made from natural rubber.
Firstly, in a blending double roll mill, you need to masticate the pale crepe (natural rubber) with other chemicals other than sulfur. Add the sulfur and begin mixing for some time after the first mixing is almost complete, before a layer of the substance is formed to the required thickness.
In steam or electric heated hydraulic press, you then pass and vulcanize it. Finally, these are cut to the perfect size, finished, and stamped on the grinder. However, different kinds of erasers need various ingredient types.
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 Rubber Eraser Manufacturing
As mentioned above, Rubber Eraser 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
- 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
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The rubber manufacturing business is one of the profitable businesses because its market demand is high as in every school every student needs an eraser. In fact, in colleges and universities, there is a demand for erasers. Hence, in national as well as international markets seeks for erasers. Rubber manufacturing business can be started on both a small scale and a large scale.
For the rubber eraser manufacturing business, you required lots of raw materials and machinery for production. You require a quite good space for setting up machinery. For starting up a rubber eraser manufacturing business, you need to register your business, and the registration process is quite hectic.
There are so many opportunities available for increasing the rubber eraser manufacturing business on a large scale. You may make a deal with nearby stationery shops, books shops, schools, or even you open your own small shop for selling rubber erasers.
One of the biggest threats to the rubber eraser manufacturing business is the lots of competition you have to face in the rubber eraser manufacturing industry because there is already so many famous rubber eraser like Natraj, Apsara, Doms, etc. companies are available in the market so why anyone buys your manufactured rubber eraser. You have to beat your competitors, making your brand image in the market.
Rubber eraser manufacturing business is the best business with high demand. These are simple production ideas for the rubber eraser manufacturing business. It is an economically viable project with huge returns with little investment. And it best business for doing a startup.
Is an eraser made of rubber?
A piece of rubber, eraser, or other material is used to rub marks made by ink, pencil, or chalk. Modern erasers are usually mixtures of abrasive such as granular pores, a rubber matrix such as synthetic rubber or vinyl, and other components.
What chemicals are in the eraser?
Many synthetic rubber compounds is use for production of erasers. These include isoprenes-isobutylene (butyl rubber), styrene-butadiene, and ethylene-propylene copolymers.
How was the eraser invented?
The eraser was invented by accident. And Nairn claimed to have accidentally come to his invention: he inadvertently picked up a piece of rubber instead of breadcrumbs, he said, realizing the erasing properties of the rubber.
What is rubber made of?
Natural rubber is made from a multicoloured, milky white liquid called latex that comes out of some plants when you cut them. (Common dandelions, for example, produce latex; if you turn off your stems, you can see latex dripping from them.
How long does a pencil eraser last?
On average, usually white erasers lasted about 3 weeks. Those old red rubber ones will be lost or mistaken for a long time before I wear them. We had a condition running in class, $ 100 first to wear a pencil eraser without taking it completely out of the metal band.
What happens if you eat eraser shavings?
Eating a little eraser will not cause any symptoms. If someone swallows a large enough piece of eraser, they may gag, chock or spit-up. The piece can also get stuck in the intestines. This can cause abdominal pain or discomfort and throw the person.
Can eat an eraser hurt you?
Swallowing a pencil eraser can cause intestinal obstruction, which can cause nausea, pain, or vomiting.
Why do pencil erasers work hard and sometimes stain graphite?
Because it works by “absorbing” the pencil lead and over time which makes it brittle or hard. It comes in contact with all kinds of dirt and lead and stuff it just hardens on it.
How is rubber made today?
Natural rubber is made by extracting a liquid juice, called latex, from some types of trees. These trees are native to South America but are commonly found in Southeast Asia today. Latex is collected from trees by cutting into the bark and collecting the sap flowing into the cup. This process is called tapping.