Neck – Ties

Introduction

Ties are considered as item of fashion. Ties has been finding exceptionally good acceptance among the sales representatives, doctors, CEO's, Engineers, Hotel servants and others such as college and school students. Shirts worn without ties are considered as incomplete. Wearing of ties improves one's personality and respect. Ties are classified into two types, which are bow ties and neck ties. The former one are generally worn by hotel waiters whereas the later are worn by people mentioned above.

Ties are made from various types of fabrics and most popular fabrics that are used for the manufacture of ties are cotton, viscose, silk fabrics and their blends. Manufacturing of ties is very easy and anyone knowing tailoring and managing a unit can venture into this industry. The raw material and machinery required for the manufacture of ties are abundantly available. In this report, an attempt has been made to provide sufficient information for setting up of tie manufacturing units.

Market Potential

In recent years almost all the countries in the world are witnessing lot of changes in life style of people. Present life style is witnessing very fast changes in wearing fashion garments. The demand for fashion garments is very huge due to shifting of wearing fashion garments from elite people to common persons. Among various fashion garments, tie occupies an important place. There are very less number of units engaged in the manufacture of ties and as such demand and supply gap is getting wider. Tie have its own market demand from various market segments. Main customers for ties are Doctors, CEOs, Sales representatives, waiters in star hotels, reception counters and executives.

Basis and Presumptions

1. This project is based on double shift basis and 300 working days in a year.

2. The Building is considered of own.

3. The cost of machinery and equipments/materials indicated refers to particular make and approximately to those prevailing at the time of preparation of this project.

4. The cost of installation and electrification is taken @ 10% of cost of machinery and equipment.

5. Non refundable deposits, project report, cost, trial production, security deposits with electricity board are classified under preoperative expenses.

6. Depreciation has been considered:

(a) on plant and machinery @ 10%
(b) on office furniture & fixtures @ 20%

7. Interest on capital investment has been taken @13% per annum on borrowing amount.

8. Minimum 25% of total investment is required as margin money.

Implementation Schedule

Note: Considering that some of the above activities may be overlapping, the project implementation will take a period of 4 months approximately for starting the production.

Technical Aspects
Process of Manufacture

Before starting the stitching operations, fabrics of required quality are placed on the cutting table in layers and lay mark is prepared on top of the fabric layer and these layers are perfectly cut as per the mark without any distortion in cutting. The panels after cutting are taken out from the table and supplied to the skilled tailors for stitching. After the stitching, ironing is done with the aid of electric iron. Ironing is an important process by which ties are given proper and final shape. Ties are finally checked for any objectionable faults and packed for marketing.

Quality Control and Standards

This product is consumable item and having different designs and colours and its combinations depending upon the demand of the consumers. So standard specifications of appropriate quality is not possible. However, to manufacture better quality, good quality fabrics and other materials are to be used.

Production Capacity (per annum)

Motive Power

Power required to run this industry will be 5 HP.

Pollution Control

This industry does not involve anypollution.

Energy Conservation

Power requirement is very low, even then energy can be saved by proper house keeping.

Financial Aspects
A. Fixed Capital

Machinery and Equipments

B. Working Capital (per month)

(i) Staff and labour wages

(ii) Raw Material

C. Total Capital Investment

Machinery Utilisation

Capacity utilisation is considered as 70% of installation capacity.

Financial Analysis

(6) Break-even Point

Contact for more information:

Information Manager
TIMEIS Project
E-mail: timeis@ficci.com