PAPER PINS-BELL PINS

Similar documents
PTFE (TEFLON) INDUSTRIAL PRODUCTS

JUTE BAGS (Shoppers Bags)

2.2 Compliances and quality standards Certification under the PFA Act is necessary. The BIS has specified standards vide 1485:1976.

MOCK TEST PAPER INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT

2.2 Quality Standards and Compliances The BIS has specified quality standards vide IS 1011:1992. Compliance with PFA Act is necessary.

The papaya is available almost round the year. In the year the total production of papaya was Mt on an area of 897 Ha.

PEANUT PROCESSING. 2.1 Compliance under the PFA Act is compulsory.

SUGGESTED SOLUTION INTERMEDIATE M 19 EXAM

SUGGESTED SOLUTION INTERMEDIATE M 19 EXAM

123. PROFILE ON THE PRODUCTION OF WRITING PADS, NOTEBOOKS AND RING BOOKS

Schedule-20: Significant Accounting Policies and Notes to Accounts

CFTRI has developed a mini maize mill. License under the PFA Act is compulsory.

MARKETING ASSISTANCE SCHEME REGISTRATION FORM

156. PROFILE ON THE PRODUCTION OF BOILER

The Institute of Chartered Accountants of India

ON SPICE GRINDING AND PACKAGING

SAPAN PARIKH COMMERCE CLASSES

COST ACCOUNTING (781) Sample Question Paper ClassXII

EURO MUL TIVISION BALANCE SHEET. Particulars I Schedule No. March, March, (Amount in Rs.) (Amount in Rs.

150. PROFILE ON THE PRODUCTION OF AC MOTORS

66. PROFILE ON THE PRODUCTION OF RED OXIDE PAINT

5 Budget & Budgetary Control

PROJECT REPORT ON PRODUCTION OF YARN ON SOLAR CHARKHA PRIME MINISTER S EMPLOYMENT GENERATION PROGRAMME

PRACTICE TEST PAPER - 2 INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT

182. PROFILE ON THE PRODUCTION OF PRINTED CIRCUIT BOARD

PANCHAKSHARI S PROFESSIONAL ACADEMY PVT LTD (Your Lifelong Knowledge Partner )

MTP_Intermediate_Syl2016_June2018_Set 2 Paper 8- Cost Accounting

Analysing cost and revenues

322 Roll No : 1 : Time allowed : 3 hours Maximum marks : 100

Financial Management Bachelors of Business (Specialized in Finance) Tutorial Questions Chapter 1: Introduction to Cost Accounting

1 GREEN PEAS DEHYDRATION. 1.1 Introduction

1,40,000 units ( 1,26,00,000 / 90)

APPLICATION FOR ALLOTMENT OF WORK SHED / DEVELOPED PLOT ON OUTRIGHT PURCHASE IN SIDCO INDUSTRIAL ESTATES

PROJECT REPORT GINGER PROCESSING 2017 North Eastern Development Finance Corporation Ltd. an ISO 9001:2008 company

CS Executive Programme Module - I December Paper - 2 : Cost and Management Accounting

177. PROFILE ON THE PRODUCTION OF METALLIC CONTAINERS

192. PROFILE ON THE PRODUCTION OF SPRINGS AND COILS

PROJECT PROFILE ON THE ESTABLISHMENT OF FORMICA SHEETS MAKING PLANT

COST ACCOUNTING AND COST MANAGEMENT By Mr RS Sardesai

ON BAMBOO SHOOT PROCESSING

PTP_Intermediate_Syllabus 2012_Jun2014_Set 1

157. PROFILE ON THE PRODUCTION OF BOLTS AND NUTS

Schedules forming part of the Accounts (Contd.)

117. PROFILE ON THE PRODUCTION OF PENCIL

DISCLAIMER. The Institute of Chartered Accountants of India

COST AUDITORS REPORT

SAKTHI AUTO COMPONENT LIMITED BALANCE SHEET AS AT

(DEPARTMENT OF COMPANY AFFAIRS) NEW DELHI, THE 25TH SEPTEMBER, 1986 COST ACCOUNTING RECORDS (MILK FOOD) RULES

INTER CA MAY Test Code M32 Branch: MULTIPLE Date: (50 Marks) Note: All questions are compulsory.

Time allowed : 3 hours Maximum marks : 100. Total number of questions : 7 Total number of printed pages : 7

As at March 31, 2016 As at April 1, 2015 Balance Sheet as at March 31, 2017 Note No. Rs. Lakhs Rs. Lakhs Rs. Lakhs

AUSTIN LAZ & COMPANY PLC

Schedules forming part of the Accounts (Contd.)

C02-Fundamentals of Financial Accounting

PROJECT REPORT DENIM JEANS STITCHING UNIT

Roll No... Total No. of Questions 7 Total No. of Printed Pages - 5 Time Allowed 1.30 Hours Maximum Marks 50 MPS

1 Shareholders funds (a) Share Capital 3 3,50,00,000 3,50,00,000 (b) Reserves and Surplus 4 37,54,27,471 26,34,00,476

PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT PART-I: COST ACCOUNTING QUESTIONS

छप ई एव स ट शनर अन भ ग, सह यक स व ए ववभ ग, क न द र य क य ऱय, म बई.

Ref.No.UPDPL/PUR/T-06 /11-12/ Dated: SHORT TERM TENDER ENQUIRY FOR PACKING MATERIALS(PVC,PRINTED FOIL)

D.K.M COLLEGE FOR WOMEN (AUTONOMOUS),VELLORE-1. PG & RESEARCH DEPARTMENT OF COMMERCE ACCOUNTING AND BUSINESS FOR MANAGERS BSC - ISM

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZZETE OF INDIA (EXTRAORDINARY)]

Supply of Tree Guards QUOTATION NOTICE

183. PROFILE ON ASSEMBLY OF REFRIGERATOR

Solved Scanner. (Solution of December ) CMA Inter Gr. I (Syllabus 2012) Paper - 8: Cost Accounting & Financial Management

79. PROFILE ON PRODUCTION OF DEXTRIN

187. PROFILE ON THE PRODUCTION OF SHOCK ABSORBER (SPRING)

COMMERCE & LAW PROGRAM DIVISION (CLPD) ANSWER KEY TO CS-EXECUTIVE DECEMBER-2014 (ATTEMPT) CODE-C SUBJECT : COST & MANAGEMENT ACCOUNTING

Cramlington Precision Forge Limited

Example - Red bars states wheat production state and Green bars states rice production.

PAPER 8: COST ACCOUNTING & FINANCIAL MANAGEMENT

Gurukripa s Guideline Answers to May 2012 Exam Questions IPCC Cost Accounting and Financial Management

MANAGEMENT ACCOUNTING

108. PROFILE ON THE PRODUCTION OF ROOF TILES AND BRICKS

P10_Practice Test Paper_Syl12_Dec2013_Set 1

P8_Practice Test Paper_Syl12_Dec2013_Set 1

SOLUTIONS TO ASSIGNMENT PROBLEMS. Problem No. 1. Total Amount (Rs.)

P8_Practice Test Paper_Syl12_Dec13_Set 3

NCERT Solutions for Class 11 Accountancy. Financial Accounting Part-2 Chapter 2

NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2

Prepared and solved by Cyberian www,vuaskari.com

FINANCIAL and STATISTICAL REPORT for JUNE 2015

MARGINAL COSTING. Calculate (a) P/V ratio, (b) Total fixed cost, and (c) Sales required to earn a Profit of 12,00,000.

Manufacturing Account (With answers)

Domestic Information. Return of excisable goods and availment of CENVAT credit for the Month. Large Taxpayer Unit opted for (name of the city)*.

Suggested Answer_Syl12_Dec2014_Paper_8 INTERMEDIATE EXAMINATION GROUP I (SYLLABUS 2012)

MOCK TEST PAPER INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT

PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I: COST ACCOUNTING QUESTIONS

SUGGESTED SOLUTION INTERMEDIATE N 2018 EXAM

Answer to PTP_Intermediate_Syllabus 2008_Jun2015_Set 1

PAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING Answer all questions.

104. PROFILE ON THE PRODUCTION OF GYPSUM BOARD

Reconciliation of Cost & Financial Records

MTP_Intermediate_Syllabus 2012_Jun2017_Set 2 Paper 8- Cost Accounting & Financial Management

PROBLEM SET B. The contribution margin per unit is $2.88, and the contribution margin ratio is 64%.

Form E.R.1 Original/Duplicate (See Rule 12 of the Central Excise Rules, 2002 and rule 9 (7) of CENVAT Credit Rules, 2004)

COSTACCOUNTING RECORDS (DRY CELL BATTERIES} RULES, 1978 MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS

Method of Costing (II) (Process & Operation Costing, Joint Products & By Products)

Rupees Product RAX (552,000 x Rs.360) 198,720,

186. PROFILE ON THE PRODUCTION OF SHOCK ABSORBER (HYDRAULIC)

Transcription:

PAPER PNS-BELL PNS A. NTRODUCTON One of the most widely used office stationery is Bell pins & Paper pins. This is widely consumed in offices, schools, industries and households. The demand is always growing for this product as there is no other substitute for this product. B. PRODUCT USES AND SPECFCATONS Paper pins are made of Mild steel wires of 20-22 Gauge. t is pointed at one edge and the other end is round head. The pins are tinned or plated to make them rust proof. The pins shall be sufficiently strong and shall not bend in use. The pins shall be clean and bright. For this nickel plating is done. The paper pins are available in packing of 25 gms, 100 gms, 200 gms and 400 gms. C. MARKET POTENTAL The number of commercial organizations and industries are increasing year after year. The globalization and liberalization of industry and trade have also given birth to various commercial establishments and this provides ample scope for units manufacturing office stationery items. The growth of these items will be consistent. D. TECHNCAL ASPECTS 1. nstalled Capacity The installed capacity of the proposed unit is manufacturing of 144 Tonnes (360000 boxes of 400 grams each) per annum.this is based on single shift of 8 hours working per day for 300 days in a year. 1

2. Plant and Machinery The following machineries are required for production. Machine name Automatic paper Pin making machine capacity 200-250 pcs per minute Quantity Value (Nos.) (Rs.Lakhs) 2 2.80 Nickel Plating unit 1 1.00 Miscellaneous tools 1 0.20 Total 4.00 3. Manufacturing Process The manufacturing of Paper pins involves the following sequence of operations. Feeding of Hard drawn bright wire of suitable gauge to automatic paper pin making machine Forming the paper pins in the machine Pickling and cleaning the pins in a plastic container Plating with Nickel in plating equipment Drying the plated pins in a drying drum Packing in cartons and despatching 4. Raw Material The raw materials required for manufacturing Paper pins are Hard drawn Bright Wire Rods of 20-22 SWG. These are available from dealers. The Nickel plating materials are also available from the local dealers. 5. Land & Building A rented place with 1000 sqft. area is required. The monthly rent is estimated at Rs.5000 and also an advance of Rs.50 000. 6. Utilities Power: The total power requirement of the unit will be 5 HP 2

Water: Water is required only for human consumption. Man power: Category Nos. Monthly salary Total Salary Supervisors 1 5000 5000 Operators 4 3000 12000 Unskilled 4 2000 8000 Assistants 2 3000 6000 Security 2 2000 4000 Total 35000 Add 20%benefits 7000 Total 42000 Annually Rs.5.04 lakhs 7. mplementation Schedule f financing arrangements is made available the project can be implemented within three months period. 8. ASSUMPTONS nstalled capacity per annum Paper Pins-144 Mt Capacity utilization- Year -1 60% Year -2 70% Year -3 80% Selling price per unit Rs.45 000/Mt Material cost at 100% Qty (including wastage ) Rate (Rs.) Value (Rs.lakhs) Hard Drawn Bright 151 Mt 25000/Mt 37.75 wire rods-20-22 SWG Nickel Plating For 144 Mt 5000/Mt 7.20 Consumables and Packing per annum-at 100% (Rs.lakhs) Power and Fuel-100% (Rs.lakhs) Wages & salaries-100% (Rs.lakhs) Repairs & Maintenance per month Depreciation General & administration Expenses per month Selling expenses nterest on term loan &Working capital finance ncome tax provision Rs.1.20 lakhs Rs.0.41 lakhs Rs.5.04 lakhs Rs.2000/- Straight line Method Rs.10000/- 3% on Sales 14% p.a 36% on profit 3

LST OF MACHNERY SUPPLERS 1. A.M..Machine Tools 20 Ambalal Doshi marg(hammam Street) Fort Mumbai-400 023 2. K.B.Machine Factory Sultan Wind Road Amritsar. 3. Gujrat Machine Tools New 279, Linghi Chetty Street Chennai 600 001 4. Ajith Wire Products No.41, Gokal Ka Bagh (New 100 feet Road) East Mohan Nagar, Amritsar 5. S.B. Machine Toosl 23/4, Street 11, Ananth Prabat ndustrial area, New Delhi 110 005. LST OF RAW MATERAL SUPPLERS 1. Matchless Wire Products 1/9-D TR Street Kondithope Chennai-600 001 2. Decan Wires & Weldings Pvt. Ltd. 18, Shanthappa Lane S.P.Road, Cross Bangalore 560 02. 3. Swill Ltd. 18, Kandi chetty Street, Chennai 600 001. 4. Wire & Wire Products New No.26, Vepery High road, Perimet, Chenni 600 023. 5. Standard Wire Products 145/219, SDCO ndustrial Estate, Ambatture, Chennai 600 098. 4

1. COST OF PROJECT [Rs.lakhs] Land & Building (Advance) 0.50 Plant & Machinery 6.00 Other Misc. assets 0.50 Pre-Operative expenses 0.50 Margin for WC 1.22 8.72 2. MEANS OF FNANCE Capital 4.22 Term Loan 4.50 8.72 5

3. COST OF PRODUCTON & PROFTABLTY STATEMENTS [Rs.lakhs] Years 1 2 3 nstalled Capacity p.a. (MT) 144 144 144 Utilisation 60% 70% 80% Production/Sales p.a. (MT) 86 101 115 Selling Price/ MT (in Rupee) 45,000 per MT Sales Value (Rs.lakhs) 38.70 45.45 51.75 Raw Materials 22.65 26.43 30.20 Nickel Plating 4.32 5.04 5.76 Consumables 0.72 0.84 0.96 Power 0.25 0.29 0.33 Wages & Salaries 5.04 5.29 5.55 Repairs & Maintenance 0.24 0.25 0.26 Depreciation 0.70 0.70 0.70 Cost of Production 33.92 38.84 43.76 Admin, & General expenses 1.20 1.26 1.32 Selling expenses 1.16 1.36 1.55 nterest on Term Loan 0.63 0.55 0.39 nterest on Working Capital 0.43 0.43 0.43 Total 37.34 42.44 47.45 Profit Before Tax 1.36 3.01 4.30 Provision for tax 0.49 1.08 1.55 Profit After Tax 0.87 1.93 2.75 Add: Depreciation 0.70 0.70 0.70 Cash Accruals 1.57 2.63 3.45 6

4. WORKNG CAPTAL: [Rs.lakhs] Months Values % Margin Bank Consumption Amount Finance Raw Materials 0.75 1.42 25% 0.36 1.06 Consumables 1.00 0.06 25% 0.02 0.04 Finished goods 0.25 0.71 25% 0.18 0.53 Debtors 0.50 1.61 10% 0.16 1.45 Expenses 1.00 0.50 100% 0.50 0.00 4.30 1.22 3.08 5. PROFTABLTY RATOS BASED ON 80% UTLSATON Profit after Tax 2.75 Sales 51.75 5% Profit before nterest and Tax 5.12 Total nvestment 11.80 43% Profit after Tax 2.75 Promoters' Capital 4.22 65% 7

6. BREAK EVEN LEVEL Fixed Cost (FC): [Rs.lakhs] Wages & Salaries 5.55 Repairs & Maintenance 0.26 Depreciation 0.70 Admin. & General expenses 1.32 nterest on TL 0.39 8.22 Profit Before Tax (P) 4.30 BEL = FC x 100 8.22 80 x FC +P 12.52 100 x 100 53% of installed capacity 8