Detailed Project Report on Wire Nails Manufacturing Business

Project Report on Wire Nails Manufacturing Business

Nails are pin-shaped, with sharp metal or alloy sharp objects used as fasteners.  They are usually made of steel, often dipped or coated to prevent corrosion or improve adhesion under harsh conditions. It also helps in adding gripping strength as well as its aesthetics (decorative appearance). Ordinary nails for wood are usually of soft, low carbon, or mild steel while for concrete.

The nails are held in a workpiece by a hammer, nail gun, or explosive charge and they hold the material together by friction in the axial direction and shear strength. Nails are used for industries ranging and various purposes from construction and building to carpentry. It is for this reason that nail types are many and varied.

Wire nail is a very well-known item, as it is a very common product, commonly used in daily life. It is used for fastening purposes.  Its use is so widespread that it has become part and parcel of life.

 Wire nails are pin-shaped, rigid metal or alloy sharp objects are used as fasteners.  They are usually made of steel, often dipped or coated to prevent corrosion or improve adhesion under harsh conditions. Ordinary nails for wood are usually of soft, low carbon, or mild steel whereas for concrete. Nails are used for various purposes and industries, from building and construction to carpentry.  There is a tremendous variety of nails, as they are used for so many different purposes.

There has been an indefinite growth of the indigenous industry from previous years. Since wire nails can be constructed on a small scale or even on a cottage scale, the operation consists of a mushroom growth of nail-forming units.  The future of wire nails will directly depend on the construction activity in the country. As we know the country is currently facing an acute housing problem.  Therefore, now the government is placing more emphasis on housing development, which will naturally lead to greater demand for wire nails. Thus, this project provides an exciting opportunity for you as an entrepreneur.

Nail Making 

The wire is pulled through a series of dies to reduce it to the required diameter.  The ends of the wire are perforated by clamping the dye with the shape of the head of the nail. This creates a head that is easily rotated while being pushed into the workpiece.

  Next, depending on the length of the nail required, the wire is dissected with a dye that is formed in the shape of a sharp point. At this stage, the entire nail passes through a collecting tray that is ready to be passed on to the next stage which includes the coating.

Machine For Wire Nails Manufacturing
Nail Making Machine

The major tasks performed by a nail-making machine include wire cutting, wire feeding, and head forming.

  In making heads, a nail head punch is used which is woven at the tip.  It derives its speed from the crankshaft which is driven by the motor.  In the design of a head punch, strength must be considered, that is, it must be able to hit the wire without surface friction 2 and withstand high impact loads.  It should be stiff enough so as not to cut off the colliding surface.

  In wire cutting, the cutting dye is shaped in a way to obtain the pointed ends of the nails.  They should be stronger and tougher than nail wire.  During cutting, there are shear forces that lead to the formation of the pointed end.  The bites die, timed to give way to a nail punch.

  A cam pushes the wire into the die block during wire feeding. Cam motion is tapped with nailhead punch support or by the crankshaft itself.  The main idea for this operation is to get the right length of nail at the right time for the operation.

Application of Wire Nails

Applications of nails

Nails are common occasions used to attach pieces of wood or to fasten other materials to wood. The nails are simply held in place and held there by friction.  Some nails have thickened the shank so that they can hold up better. Nails are used extensively in residential housing construction. The average wooden frame house uses between 20,000 and 30,000 nails of various types and sizes.

 There is a tremendous variety of nails, as they are used for so many different purposes. The simple all-purpose nails used are called normal nails. Finishing nails are used in furniture and cabin networks, with very few heads that do not appear at finished work. Nails are available in various lengths and gauges, or diameters.

Most nails have nozzles, or grooves near the head so that they can hold up better.  Some have screw-like threads for extra holding power. Particularly ridged nails, which are designed to operate in concrete or masonry, are longitudinally oval shanks for a tight grip. There are also special double-headed nails for temporary structures.

Classification of nails

  • Box Nail
  • Screw Nail
  • Finishing Nail
  • Double Headed Nail
  • Cut Flooring Nail
  • Ring – Threaded Nail
  • Masonry Nail
  • Casing Nail

Although not well defined, nails are classified into three based on their length.  Common nails that are less than 1 inch (2.54 cm) in length are called tacks or braids.  Nails 1–4 in. (2.54–10.16 cm) in length are called nails, while those over 4 inches (10.16 cm) —are sometimes called spikes.

Box nails are wire nails similar to common nails, except that they have thin legs and are not used for dimensional wood framing construction for common nails. The reason for this is that box nails do not have a thicker leg than a common nail for a given size and have less holding power.

Box nails are commonly used on thin wood materials (such as wooden boxes) to reduce splitting. Upholstery nails are used to decorate furniture and are used to give the final touch to many different types of furniture.

Raw Materials for Wire Nails Manufacturing

Raw Materials

Most nails are made of steel.  Aluminum, copper, brass, bronze, stainless steel, nickel silver, monel, zinc, and iron are also used. Galvanized nails are coated with zinc to give them corrosion resistance. 

The sunken steel nail is subjected to a flame to produce a flame oxide finish that provides a certain amount of corrosion resistance. The so-called cement-coated nails are actually coated with a plastic resin to improve their grip. Some breads are given a colored enamel coating to blend in with the color of the material they are fastening.

Manufacturing Process of Wire Nails

The Manufacturing process:-

The wire is pulled from a coil and fed into the nail-making machine where it falls off a pair of grippers.  The shape of the head of the nail is mechanized at the end of the die.  While the die wire clamps the wire in place, the free end of the wire is struck by a mechanical hammer. 

It converts the end of the wire into a die cavity to form the head of the nail.  With the wire still dead, a set of shaped cutters strikes the opposite end of the nail, forming the point and freeing the nail from the rest of the wire coming from the coil. The dies open and an expelled mechanism inserts the wedge into a collection pan under the machine. The free end of the wire is pulled from the coil and fed into the machine. The cycle then begins.

Wire Nails Manufacturing Detailed Project Report for Bank Loan

Here, our Wire Nails 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 Wire Nails 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.

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 Wire Nails Manufacturing

As mentioned above, Wire Nails Manufacturing 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

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 Detailed Project Report

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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 Wire Nails 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.

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