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Bagvati Bags- MC Group Project
48
"Why frown, when Bagvati is around"
BAGVATI BAGS
- Jute bags for consumers.
- Produce shopping bags and bags for packaging of a different range of goods.
WHO WE ARE
MAIN OBJECTIVES
- Eliminate the use of plastic and paper bags
- Promoting the use of sustainable goods to save our environment
- Provide employment opportunities to disadvantaged communities- such as LGBTQ, transgender, acid victims etc.
- Directly interacting with farmers
Products
The different products we currently offer
- Major customers are in Coorg, Mandya, Ooty and Chikmagalur.
- Decided to establish a workspace in the outskirts of Mysore
- This will lesser transportation costs to the customers and will allow us to compete with local competition.
DEVELOPMENT OF PREMISE
- Demand for jute bags has risen after ban of plastics
- Demand of jute bags is constant
THINGS TO KEEP IN MIND
It takes about 20-30 Rupees to produce 1 jute shopping bag (without printing). With that in mind these are the estimates:
Procurement of Capital
FINANCIAL PLANNING
Raw material:
- Jute fabrics - 60 Rs per kg (West Bengal)
- Printing gum - 100 Rs per kg
- Dyes/ Colour- 400 Rs per kg
- Threads- 88 Rs per kg
- PVC buckles - 100 Rs per kg
- Bamboo sticks- 100 Rs per kg
Initial capital- 7,00,000 Rs
1. Share capital- Initial capital is invested by the 11 of us (team members)
2. Investors/ Venture capitalists
Machinery:
- Sewing Machines- 24,000 Rs
Land: Rest 200 sq.feet- 30,000 Rs per month
Start up costs (estimate)
Price
Manufacturing costs
Shopping Bags:
- Fabric- Rs 4/-
- Printing gum-Rs.0.5/-
- Dye- Rs.2/-
- Thread- Rs. 5/-
- Bamboo sticks-Rs.20/-
- Sewing Expenses-15/-
Total: Rs 46.5/-
Gunny bags
- Fabric: Rs 3/-
- Printing gum- Rs 0.5/-
- Dye- Rs.2/-
- Thread-Rs.5/-
- Sewing Expenses- Rs.8/-
Total: Rs 18.5/-
Need to register for/ with:
Legal Planning
- With ROC (Registrar of Companies)
- GST
- SSI (Small Scale Industry)
Marketing
Selling price
Shopping Bags
- Small: Rs 99/-
- Medium: Rs 109 /-
- Large: Rs 119/-
- Extra Large: Rs 129/-
Gunny Price
- Small: Rs 29/-
- Medium: Rs 39/-
- Large: Rs 49/-
- Extra Large: Rs 59
Departments
Different Departments
HR Department
Manager:
Yashas M Ayya
CEO: Vaishnavi Shankhawaram
COO: Dhriti Bopanna
CFO: Pavitra Mishra
Operations Department
Manager:
S Nitesh Choudhary
Marketing Department
Manager:
Pravalika Neelam
Assistant Manager
K Srinidhi
Finance Department
Manager: Chaya Jain
Higher level management
Subordinates:
Deep Kumar
Shaina Roshan
Kanishk Agarwal
GROWTH
STRATEGY
Our future plans
As our company grows we plan to: