Z Score,T Score, Percential Rank and Box Plot Graph
how to start a trading business for hygienic equipments
1. Government Engineering College Bharuch
Year : 2019-20
DEALING IN HYGIENIC EQUIPMENTS
ENTREPRENEURSHIP (2181923)
Submitted By
160140119013 Chauhan Nitin
160140119014 Chauhan Rushab
160140119015 Chauhan Urvish
160140119016 Chhasatiya Hardik
160140119021 Dhimmer Mihir
2. INTRODUCTION
The business concept is in dealing with
hygienic equipments like centrifugal
pumps, lobe pumps, shear pumps, screw
pumps, butterfly valves, ball valves,
control and sampling valves, SS pipes and
fittings etc for hygienic industry like food,
dairy, pharma, brewery, beverages, edible
oil, etc
3. OPPORTUNITIES OF BUSINESS IN MARKET
Food and medicine are the basic needs of every human being.
Since food and pharma industry are serving to the world for the basic
needs that’s why these industries are “NO DYING INDUSTRIES”.
Every day there is innovation in food technology and equipments
coming in the market.
Hygienic equipments plays a vital role in food and pharma industry.
Food and pharma industries are growing tremendously because of
increase in demand in market of proceesed food and medicinies.
In country like india where population is 1.33 billion out of which only
20-30% population consumes processed food . So in near future there
is good opportunity to grow.
4. RISKS ASSOCIATED WITH BUSINESS
These industries are high demanding in equipments and services.
Normally such industries works 24x7, so any supplier who is
associated with such industry should be able to fulfill their demand of
material and services on time.
To deal with these kind of situation the suppliers should maintain
enough stock of material and service manpower.
To stock sucouh a high valued equipments in enough quantity huge
investment is required in initial phase of business.
So investment is one of the risk in such business.
Local competition is another risk where one can lose
business on commerical part
5. FINANCE AND INFRASTRUCTURE REQUIREMENT
Initial finance requirement is for office
rent/own office purchase.
Finance required to rent enough space for
go-down to store material.
Support staff required for sales, back-
office, and service manpower.
6. SOURCES OF FINANACE
Issuances of shares.
Loans from commercial banks.
Venture capital
Business partners.
Own finance
7. REGISTRATION AND DOCUMENTATION
Local government body registration( shop and establishment
registration).
Registration with state and central government for Goods and Service
tax(GST).
PA N registration with income tax department.
If company is dealing in imported material then registration for
import and export certification.
Registration with government and private project consultants .
Hygienic certification from food and drugs department of local and
central government.
Certification from hygienic group authorities like FDA, EHEDG, 3A.
9. MARKETING
Find the customers in the teritory and call them
for the introduction
To do visit in the plants and have technical
discussion with technical and projects team
Participate in technical events and exhibitions.
To arrange technical seminars for customers.
To give advertisements in technical magazines.
10. CONCLUDE
With strong technical products and indepth knowledge of
such a product and process one can get a good amount of
business on technical ground.
For better success one should be active in the market with
prompt sales and service support.
With dedication and focused market strategy one can
penetrate this market on long term basis.
With good growth if one can stock good amount of
material can become master distributor for such a
equipment.
